The Business Times, 22 March 1978

Microfilm: NL9627
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, MARCH 22, 1978 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Slower growth
      66 1 AFP GENEVA, Tues. Growth In the East European countries last year was slower than expected, a report by the UN Economic Commission for Europe (ECE) said here today. The overall output Increase In East Europe was 4.2 per cent against 5.2 per cent In the previous year, with
      AFP  -  66 words
    • Article
      Lock icon Nuclear go-ahead
      84 1 AP SEOUL, Tues. South Korea has decided to go ahead with a US$l billion order for American nuclear reactors as orglnally planned, the Korean Electric Company said today. A spokesman said the state-run utility, In the process of drafting a contract with Westlnghouse Electric Corporation for the order
      AP  -  84 words
    • Article
      Lock icon Boost for UK
      72 1 Reuter LONDON, Tues. Prime Minister James Callaghan today announced plans to use the massive profits from North Sea oil to boost Britain's economy. Government revenues from North Sea oil are expected to reach £4 billion (5517.6 billion) a year in the mid-1980s. A policy document published today
      Reuter  -  72 words
    • Article
      Lock icon Philippine deficit
      78 1 Reuter MANILA, Tues. The Philippines had an overall balance of payments deficit of U5521.39 million (Ss49 million) in February, according to preliminary figures issued today by the Central Bank. This compares with the $5.12 million deficit in February last year, and gave an overall deficit for the first
      Reuter  -  78 words
    • Article
      Lock icon Fraser assures Hussein
      76 1 AFP KUALA LUMPUR, Tues. Australian Prime Minister Malcolm Fraser has given an assurance that he would consider a Malaysian request that the trade imbalance between the two countries be corrected. Prime Minister Datuk Hussein Onn told Parliament today that during his recent visit to Australia, he made
      AFP  -  76 words
    • Article
      Lock icon No decision yet
      74 1 Reuter BONN, Tues. The West Qerman government is still looking at the possibility of writing off debts of the world's poorest countries but has yet to reach a firm decision, a spokesman for the Development Aid Ministry said. It is untrue that Germany plans to write off
      Reuter  -  74 words
    • Article
      Lock icon Dow Jones
      104 1 UPI NEW YORK, Tues. Stocks were mixed early today In fairly active trading as blue-chip issues came under profit-taking pressures following three consecutive up sessions. The Dow Jones Industrial average was off 2.51 points to 771.31 shortly before 11 a.m. Analysts noted the Dow Average has been out
      UPI  -  104 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      125 1 Rise* Most active SentoM STP197S Guinness Utd Malacca Eaao 215 545 515 350 274 18 15 10 10 +10 Sin Chew UOB S. Darby High Low 561,000 483.000 309,000 228,000 Sin Chew 246 +9 Total Turnover: 5.09 m Apollo 191 +8 Total Value. SI 1.92 m Spore
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    • Article, Illustration
      In Kuala Lumpur
      163 1 Rises Most active Temerloh N.S.T. A. Hltam Magnum Corp Sentosa New S'dah Utd Mat 3.10 3.70 9.80 3.20 2.20 2.26 3.60 +.40 .10 +.10 .08 .06 .06 +.06 8. Darby 511,000 High St Low 445.000 Sentosa 324,000 KL Kepong 223,000 Total Turnover: 5.37 m Total Value: MJ12.53
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  • Article
    KL cashes in on cheap loans
    922 1  -  FUNDS FOR 3RD MALAYSIA PLAN By JOHN TAN MALAYSIA is taking full advantage of the present lax rates in the Asian and Eurodollar markets by borrowing in large quantities at extremely low rates to finance its development plans. At the same time, it is
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  • Article
    Finishing touch to yen bonds
    257 1 THE Malaysian government Is to issue 15 billion yen (SSISO million) public bonds in the Japanese market to finance projects, under the Third Malaysia Development Plan. A Treasury statement issued in Kuala Lumpur yesterday said that four agreements will be signed in Tokyo tomorrow between
    257 words
  • Article
    EDB to study diesel engine project reports
    682 1  -  ■y RONNIE LIM THE Economic Development Board will begin evaluating detailed project studies submitted by foreign diesel engine manufacturers early next month to select a partner or partners for the Asean project assigned to Singapore. Sources indicate that the process will take a
    682 words
  • Article
    Pledge not to halt investment projects
    124 1 AMERICAN businessmen were yesterday assured that foreign Investment projects In Malaysia will not be stopped because they cannot find bumlputra participation as required by law. Speaking at the inauguration of the American Business Council in Kuala Lumpur Malaysian Deputy Prime Minister Datuk Dr. Mahathir
    124 words
  • Article
    Singapore group pulls off building coup in West Asia
    244 1 A CONSORTIUM of local building consultants has secured a contract in West Asia. The consortium, comprising an architect's firm, an engineering company and a quantity surveying firm, is believed to be the first group from Singapore to break into the lucrative
    244 words
  • Article
    Interest on POSB savings may be taxed
    471 1  -  •y COLIN CHEE THE Finance Ministry is now considering changing the tax exemption allowed on interest earned on deposits placed with the Post Office Savings Bank. This was disclosed yesterday by Finance Minister Mr. Hon Sui Sen who told Parliament: "We have erred
    471 words
  • Article
    Lock icon NZ SEEKS U.S. HELP
    92 1 AP NEW ZEALAND will ask the United States to help smooth out its trade problems with Japan during US Vice President Walter Mondaie's visit to Wellington next month, Prime Minister Robert Muldoon said yesterday. Mr. Muldoon, who has been bitterly critical of what he called "Japanese
    AP  -  92 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      31 1 whatever you need in menswear, get it at... MOHAN'S DEPT. STORE (PTE.) LTD. 321 Orchard Road TW *****22 (next to Mandarin Hotel) Branch: 101,Tangtin Shopping Canti* 1W *****40 Daily: 9am-9 pm
      31 words
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      Page 1 Advertisements Column 2
      90 1 Trust Sony for your video TlAftflG With customary vision AICvUIS and foresight Sony pioneered video equipment. Today, Sony is one of the world's foremost manufacturers of integrated video equipment. Research and experiments are continuously carried out to bring you the most advanced and sophisticated video components. DXC-1200P (Colour video camera)
      90 words
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      Page 1 Advertisements Column 3
      91 1 SHIPPING TIMES KL lifts duty-free Aiean good* PEOPLE In business SABAH restructures timber industry RAW Materials St Money and Exchanges DETERMINANTS of fteight cost ZEN and management MEMOP AO 2, CROBB WORDS 2, BRISTOW 7, STRAWS IN 2 OPPORTUNITIES in Malacca 2 and Johore 7 FORUM: The right men for
      91 words
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      Page 1 Advertisements Column 4
      6 1 SEE BACK PAGE SEE PAGE 6
      6 words
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      Page 1 Advertisements Column 5
      209 1 TA TA LITE P PROGRESSIVE ENTERPRISE PTE.LJD f a o U auunu««iu tlectnc Typewriter Editor 4C The Olivetti Editor 4C electric typewriter. That's what caused the stir. Consider its many fine points andtyxi will understand. The Editor 4C is easy to operate. It doesn't allow errors. And there are so
      209 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      167 2 DATE TITLE COURSES AND TALKS Mar 21-23 Limit State CP 110 Design Mar 27-29 Prestressed Concrete Design Mar 27-28 Costing and Financial Analysis for Marketing Managers LOCATION Seavlew Seavlew Hilton ORGANISER Compa International Compa International Price Waterhouse Mar 28-30 Problem solving and prevention SIM Conference Room SIM Mar
      167 words
    • Article, Illustration
      Sabah puts timber on firm footing
      540 2 SABAH is now engaged in a massive restructuring of its timber industry the state's largest foreign exchange earner to ensure better employment and income for the greatest number of people. The action is being implemented on three fronts controlled exploitation of timber resources, increased
      540 words
    • Article
      Oil flows from Esso's fields off Trengganu
      215 2 PENINSULAR Malaysia recently joined the oil producing league when two Esso Production Malaysia'! production platforms off the coast of Trengganu went on stream. Production began from the Pulai field on March 9 and Tapis field, 56 km away, on March IK. Eight wells
      215 words
    • Article
      Regional centre to arbitrate disputes
      263 2 A REGIONAL centre for commercial arbitration will be set up in Kuala Lumpur sometime next month. It will provide the facilities for the settlement of international disputes involving commercial transactions within the Asean region. The centre, which will be independent of governments. will be established
      263 words
    • Article
      Three courses by NPB next month
      148 2 THE National Productivity Board will be holding three courses next month. The first on cost accounting and control (April 3-14) aims at teaching supervisors the practical applications of management. and cost accounting and control techniques. Practical die design will be from April 3 to
      148 words
    • Article
      Ex-lord mayor's praise
      78 2 THE chairman of the Darwin Reconstruction Commission praised the high quality of many of the building materials exhibited at Sibex '78. Mr. Clem Jones the former Lord Mayor of Brisbane, who is winding up the reconstruction programme for cyclonedevastated Darwin, attended the exhibition and saw for himself
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    • Article
      Approach to tin sale
      70 2 KUALA LUMPUR. Tues. Tin-producing countries are to meet next month to work out a joint approach In view of the proposed release of 45,000 tons of tin from the United States General Services Administration stockpile. The meeting, to be attended by Malaysia, Bolivia, Indonesia. Thailand, Australia,
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    • Article, Illustration
      PEOPLE IN BUSINESS
      170 2 EKMAN and Co Pte Ltd. Singapore, in Its recent reorganisation programme has appointed Mr. Wee Kho Chew to head the industrial and trading division and Mr. Ronnie Wong Lork Tim the equipment division. Before his association with Ekman, Mr. Wee was the export Manager of the Guthrie
      170 words
    • Article
      KL lists duty-free Asean goods
      299 2 POTATOES and onions are among the goods from Asean countries which can be imported duty free into Malaysia under the Asean Preferential Trade Agreement (PTA) which came into effect on Jan 1. The full list of items offered preferential treatment by Malaysia has been gazetted.
      299 words
    • Article
      Lock icon Taiwan enjoys big trade jump
      399 2 AFP TAIWAN'S foreign trade in the first two months of this year amounted to U552.94 billion (556.76 billion), an increase of $58.6 million or 24.9 per cent, over the same period last year. According to customs statistics, exports in the January-February period reached $1.53 billion
      AFP  -  399 words
    • Article
      Lock icon Accord on boosting trade
      60 2 AFP MALAYSIA and Sri Lanka have agreed to take concrete steps to boost their two-way trade after talks between the visiting Sri Lanka deputy Foreign Minister. Ramil Wlckremasinghe and the Malaysian Deputy Trade and Industry Minister. Lew Sip Hon here. Mr. Lew urged business communities in
      AFP  -  60 words
    • Article
      Courses by LSA not disrupted
      118 2 THE director of studies of the London School of Accountancy (full time courses), Mr. J.A. Grenier. yesterday assured Singapore and Malaysian students that the firm's two full-time courses conducted in the UK had not been interrupted by the liquidation of two companies bearing similar names.
      118 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      342 2 from federal publications LIM B!AN YAM a step-by-step guide An easy-to-understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger of even the veriest novice. The joy of this book, however, is that even the most
      342 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      589 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Avoid relegation at the expense of losing sleep? (4, 2) 7 Running out on a key MP making commitments (8) 8 Increase In prize money, we hear(4) 10 Huntsman's drink? (0) 11 Obstruct some dim pedestralns (6) 14 Won over Immediately (3) 16 Longs
      589 words
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  • OVERSEAS
    • Article
      Australia to relax internal credit control
      728 3 AUSTRALIAN internal financial credit will be relaxed to stimulate the economy. Australian Treasurer Mr. Hohn Howard disclosed this while addressing a gathering of economists and bankers in Canberra. He said the Reserve Bank of Australia had informed private banking companies that during the next
      728 words
    • Article
      Lock icon A CRUSHING PACE
      397 3 Reuter THE PACE of oilseed crushing in the major processing countries during the next six months is likely to accelerate to 11 per cent compared with the same period last year. The Increase in the past six months was 9 per cent. The Hamburg-based weekly publication, OH
      Reuter  -  397 words
    • Article
      Lock icon Print workers win job guarantees
      249 3 UPI WEST GERMAN publishers have conceded typesetters the right to perform all make-up and proofreading work on video editing terminals for the first eight years after their Introduction into a plant. Agreement on that point ended the- printers strike and publishers lockout that had left
      UPI  -  249 words
    • Article
      Lock icon FLAT UK GDP IN 1977
      83 3 Reuter UK gross domestic product was stagnant throughout 1977, Central Statistics Office figures based on income, output and expenditure show At 1970 prices, the GDP index moved to 110.6 in the fourth quarter from 110.5 in the third, 110.8 in the second and 110.3 in
      Reuter  -  83 words
    • Article
      German deals
      32 3 EAST Germany has concluded deals with six US firms totalling more than one billion Deutschemark (551.15 billion). East German Secretary of State for Foreign Trade Gerhard Beil announced on Monday.
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    • WORLD IN BRIEF
      • Article
        Lock icon INCREASE IN RESERVES
        468 3 Agencies THE International Monetary Fund said world reserves rose by 37.7 billion special drawing rights last year to 259.99 billion SDR. The IMF, in Its Survey said the increase corresponded to U5557.5 billion (Ssl32 billion), but In terms of the SDR the rise was held down by
        Agencies  -  468 words
    • Article
      Lock icon German rates could fall
      350 3 Reuter THE GERMAN domestic capital markets should remain liquid this year and rates could even fall slightly in coming months. Commerzbank AO managing board member, Juergen Reimnltz hopes the Bundesbank will not introduce further measures to restrict the movement of capital funds in and out of
      Reuter  -  350 words
    • Article
      Lock icon West may use IMF facility
      301 3 Reuter THE US congressional Budget Office said Spain, Portugal and Turkey aret among countries most likely to benefit from the IMF's supplementary financing, or Wltteveen facility. It said in an issue paper the more advanced developing countries are also likely to benefit from the facility
      Reuter  -  301 words
    • Article
      Tax treaty faces tussle in Senate
      118 3 THE NEW US-British tax treaty faces a fight on the Senate floor when it comes up for consideration probably some time next month, Washington sources said. The treaty, approved by the Foreign Relations Committee late last week, contains a controversial provision which effectively prohibits
      118 words
    • Article
      Lock icon American corporate profits up in fourth quarter
      374 3 Reuter I US corporate pre-tax book i profit* rote to a seasonally adjusted annual rate of > US$l7B billion (SS4O9 I billion) in the fourth quarter i from $172.8 billion in the third quarter. However, the Commerce Department said profits with inventory valuation
      Reuter  -  374 words
    • Article
      Lock icon Not a copper in profits from Zambia's mines
      930 3 NYT ZAMBIA, which devalued its currency by 10 per cent and announced a series of austerity moves last week, has apparently met the tough and painful terms set by the International Monetary Fund as conditions for a US$39O million I (SsB97 million)
      NYT  -  930 words
    • Article
      Lock icon Japan can sell steel below minimum price
      754 3 Agencies THE EEC has agreed to let Japan sell its steel to the Community at prices up to 6 per cent below the minimum set for its own producers. Japanese sources in Brussels said the accord, described as an unwritten understanding, will take
      Agencies  -  754 words
    • Article
      Lock icon Two top ITT executives charged with perjury
      562 3 UPI THE US Justice Department has charged that two top officials of the International Telephone and Telegraph Corp (ITT) perjured themselves In testimony to a Senate committee five years ago about company cooperation with the Central Intelligence Agency in Chile. ITT senior vice
      UPI  -  562 words
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      83 3 PH4SET If! HOCK S)VEE HILL H.OH^L*SS»UTTwaMRMN U K U S S I 'gtSSTJ* C UKAHO ROAO TREE SHROUDED SURROUNDING fittmi?« n i tun PICTURESQUE FASCINATING JOIN ne??uc ß v FRESH COUNTRY AIR •LOAN INSTALMENTS #PROMPT DELIVERY T spuT-um ECONOMIC PMONG BOOK NOW! BUILT-IN AREA OVER 2000Sq.FI. 1185 80 s< meters)
      83 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      348 4 THE Singapore market closed Idle with April One RSS buyers quoted at 204.75 cents per kilo yesterday, unchanged from Monday night's close, The market remained static all afternoon but improved fractionally after the close on some late forward demand notably. July/ Sept and Oct/ Dec
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    • Article
      RAS PRICES
      332 4 Prices tn cents per kilo yesterday Noon Close (per kilo) (per kilo) Int. 1 RSS prompt f.o.b. Buyers Sellers Buyers Sellers 203.75 204 75N 203.75 204 75N Int. 1 R S.S. April 204 50 205 00 204.75 205 00 Int. 1 R.S.S. May 204.75 205.25 205 00 205.25
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    • Article
      SSR AND SMR
      96 4 NOON SSR prices yesterday has April May (Current Mth) (For* rard Mth) Buy*n Seller* Buyers Seller* (cent* per kg) (cent* per kg) SSR 20 (1-ton pallet) 194.00 198.00N 195.00 197 OON SSR SO (1-ton pallet) 182 00 194 OON 193.00 195 OON MRELB SMR5CV (1-ton pallet) 214.00
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    • Article
      Closing prices
      28 4 Rubber: March 21: Singapore: April 204.75 centa (unch) Malaysia: April 208.00 centa (down 0.25 cent) Tin: 504 (down IMS) Official offering: 285 tonne* (up S5 tonne*)
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    • Article
      Produce exchange
      434 4 SLIGHTLY easier conditions prevailed In quiet trading on the Singapore produce market yesterday. All grades of pepper were quoted $5 per picul lower by the Singapore Chinese Produce Exchange. With the new Sarawak crop coming into tap In a few weeks time, the current prices of pepper are
      434 words
    • Article
      Rice
      205 4 BANGKOK rice prices were as follows yesterday: US dollars per tonne fob basis Bangkok yesterday: White Rice: 100 pet Ist class 427. 100 pet 2nd class 412. 100 pet 3rd class 407. 5 pet 398. 10 pet 385. 15 pet 380. 20 pet 375. 25 pet 367. 25 pet
      205 words
    • Article
      Cocoa
      214 4 TERMINAL In London yesterday morning opened £15 to £25 per tonne higher In a turnover of 394 lots. Dealers had expected small losses based on New York, but early weakness of sterling against the dollar coupled with some shortcovering after the recent decline resulted in a steadier tone. Physicals
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    • Article
      Palm oil
      69 4 Monday PrrvK>u» Malaysia 5% ffa bulk June Sumatra 5% ffa March April May June July Aug/Sept Nigeria 5% ffa bulk ROTTERDAM Sumatra April Zaire (Belg francs per kilo) 580 sir 590 pd 830 sir 615 sir 590 sir 577"-i sir 565 sir unq 620 sir unq 565 sir
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    • Article
      Straits tin
      182 4 THE Straits tin price In Penan g weakened a further MJ29-5/8 per plcul to $1,504 yesterday. Weaker conditions in London, lack of consumer buying interest and higher supplies of tin metal affected market sentiment. US plans to release stockplied tin continue to discourage buyers. Turnover rose sharply to
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    • Article
      Sugar
      233 4 TERMINAL In London yesterday morning opened f1.20 to C 0.50 down from Monday's afternoon closing levels. Turnover totalled 496 lots. Dealers said values held steady. Local selling was met by short-covering but fresh business was small with the market awaiting results of yesterday's raw sugar selling tender In Colombia.
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    • Article
      Coffee
      320 4 ROBUSTA futures in London yesterday morning opened steady £16 up to unchanged in sales of 132 lots. Dealers said the rise was largely as anticipated based on New York's close. They said confirmation by Colombian coffee industry sources in Bogota that Colombia had modified its special arrangements with US
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    • Article
      Hongkong comex
      106 4 THE sugar market close easier in dull and featureless trading yesterday, with six lots traded against 13 on Monday. Prices eased around 0.18 US cents on light trade house selling, dealers said. The Hongkong dally spot sugar price fell 0.10 to 7.35 US cents. Sugar futures prices. Closing
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    • Article
      SPOT PRICES
      192 4 YARN and cotton In Hongkong dollars, spot ex-godown ('ottoa Yam: China Blue Phoenix 20 s 1,750, 32 s 2.005, 40 s 2.170 (per bale of 400 lbs). Piece Goods: China Butterfly and Olobe Brand unq. Dragon Head unq. Five Lambs unq. Flower and ButterfPakistan Raw Cotton: LSS 3
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    • Article
      Soybean
      160 4 SOYBEAN futures In Chicago on Monday afternoon finished an active, nervous trade with losses of 1-1/2 to nine cents a bushel. Prices ranged to either side of the previous clpse, with nearbys swinging about 10 cents In either direction. Limited initial buying interest prompted early selling and losses extended
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    • Article
      Wheat
      117 4 WHEAT futures in Chicago on Monday rallied from early losses to gain 1/2 to three cents a bushel after an hour. Prices fell early on commission house selling, including heavy selling In the July by one house, and lost five cents before turning back upward on shortcovering when selling
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    • Article
      Copper
      295 4 COPPER wire bars finished in London yesterday with all round losses of £7.50 per tonne. The market held relatively steady during ring and kerb trading reflecting the easier tone in sterling against the US dollar. The turnover of 7,150 tonnes was mainly carries. Cathodes fell by £6.50 for cash
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    • Article
      Silver
      186 4 SILVER declined by 3.5 to 3.8 pence per troy ounce in London yesterday morning. Pre-market values eased under liquidation prompted by the sharp overnight drop at New York and the fall In gold, trade sources said. The market held steady at the lower levels In the ring aided by
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    • Article
      Lead
      109 4 LEAD closed the morning with losses of C 2.50 for cash and C 3.25 for Three Months in London yesterday. The pre-market decline under stale bull liquidation prompted by the trend in copper but good buying resistance developed around the C3OO level for Three Months. The subsequent steadier tone
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    • Article
      Gold
      495 4 FOLLOWING the sharp fall In New York, the kllobar in Singapore opened *****.00 lower at $13,318, and closed at $13,321. In London, the metal opened at U*****.40/70 and was bidded up to a high of 1178.70/ 179.00 on shortcovering activity and some speculative buying. Thereafter, the market started drifting
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    • Article
      Zinc
      112 4 ZINC finished in London yesterday morning with allround gains of CI per tonne. Prices eased on the premarket under liquidation prompted by the trend in copper with Three Months trading down to £262. But values soon recouped lost ground on shortcovering and fresh buying with the movement given fresh
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        474 4 THE foreign exchange market In Singapore was quiet yesterday, with most dealers clearing their positions ahead of the Easter holidays. The US dollar was traded against the local dollar at 2.3070/80 for most of the day. It rose slightly to close at 2.3080/90. Against the Deutschemark, the US
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      • Article
        Asian $ rates
        169 4 Asian rates ASIAN currency deposit Interbank rates as at close on Mar 21. US Mian <9po«l Offer Bid 7 days 7 67/8 1 mth 7i/ie 615/16 2mths 7 3/16 71/16 3 mths 7 7/H 7 5/16 6 mths 7 5/8 71/2 9 mths 711/ie 7 9/16 12 mths 713/16 711/16
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      • Article
        Australia/NZ
        61 4 AUSTRALIA/NZ exchanges quote* on Mar 21: AUSTRALIA US dollar 1 1419/1 1371 Sterling 0 #017/0 5949 Ninety-day air mall buying rates: Sterling 0 6162 U8 dollar 1.1719 Ninety-day forward buying rate*: Sterling 0 0010 US dollar 1 1405 NEW ZEALAND Sterling 0 5393/0 5304 US dollar 1 0292/1 0192
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        Euro $ rates
        69 4 Euro rates LONDON Eurodollar deposit rates yesterday were basically steady at the outset In light trading, dealers said. LONDON Eurodollar deposits opening quotes on Mar 21: Ofeijilghl. Wed/Thurs and Thurs/Tues 7. #-7/» Seven days fix and notice 7. #-7/6 One mth 7-1/16. #-15/16 Two mths 7-3/I#. 7-1/16 Three and Four
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      • Article
        Discount
        48 4 RANOE of Drlces offered by discount houses on Mar 21. Ovemifht W 3** Call deposit 3*% Closing Buying Sellia* 3-Month Treasury bills 31/4 3 1/B 3-Month Bank bills 47/# 4 3/4 3- Month CD 9 4 7/8 0-Month CD 5 3/8 51/4 Source: National Discount Co Ltd.
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      • Article
        Zurich
        64 4 ZURICH exchanges closing quotes on Mar 21 US 1 9125-9145 Sterling 3 6420-0407 Can 1 7008-702# O Mk 93 7408-8849 D F1 87 6 690-8211 F Fr 41 2621-3499 B Fr 6 0293-0394 D Kr 34 1274-1722 N Kr 35 8885-9396 S Kr 41 5535-6105 Lit 0 2236-2238 Aus
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        Frankfurt
        48 4 FRANKFURT exchanges opening quotes on Mar 21: US2 0460/75 Can 1 8200/30 Sterling 3 883/893 D Ft 93 40/50 S FT 105 75/106 05 Lt 2 388/398 F Fr 44 00/20 N Kr 38 2S/38 B Fr <conl 6 419/429 B Fr (fin) 6.42/43 Yen 0 8800/75
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        London
        228 4 YESTERDAY, the dollar was firmer against major currencies in moderately active two way opening trading, following through the tone which was emerging in Europe and New York yesterday. Dealers said it strengthened to 2.0490/0500 marks at one stage after an early indication of 2.0445/60, from 2.0402/17 overnight, but was
        228 words
      • Article
        Minimum lending rates
        72 4 THE AVERAGE prime rat* of btnki In Singapore stands around 7 per cent, with the range running between per cent and 7M per cent. Oversea-Chineae Banking Corporation is at the lower end or the range while a number of banks, including Citibank and Development Bank of Singapore,
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      • Article
        New York
        181 4 ON MONDAY, the dollar ended slightly firmer against major currencies in quiet trading. Dealers said trading has been slowed by the upcoming Easter holiday, with many operators concerned only with book squaring, and rates showed very little change. The mark closed at 48.98/49.00 cents, compared with Its opening
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      • Article
        Hongkong
        128 4 IN THE afternoon, the US dollar closed slightly higher at 2.0435/50 marks on European buying yesterday after fluctuating slightly below Its New York closing midpoint of 2.0412 duttng the morning. Dealers said the US unit also firmed to 230.35/45 yen from its 230.28 New York closing mld-polnt after opening
        128 words
      • Article
        Eurobonds
        296 4 Struck** Bid Oflar FFI St« 8*. 87 97.75 98.50 Courtaulds stf 9*1.89 95.75 98.50 EIB stc 9V« #2 97.50 98.25 Flsonsstf I0 1 87 100 87 101.82 Ino 8 92 97.25 99.73 Inc8*>84 97.00 97.50 Sparbar.kemas 8V. 88 07.25 Shell 8'<. 90 98 62 98.25 97.12 SNCF8V.84 98.50 99.00
        296 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      166 4 r MONTHLY ECONOMIC REPORTS With monthly political supplement for UR-TaDATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide tp the latest developments thot have taken ploce in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is
      166 words
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  • TRANSPORT
    • Article
      Lock icon Better training of crew can avert oil spills
      446 5 UPI Reuter DISASTERS such as the massive oil spill from the Amoco Cadiz off the coast of France last week could be avoided If multi-national corporations required better training for their crews, the president of the Marine Engineers Beneficial Association (Meba) said.
      UPI; Reuter  -  446 words
    • Article, Illustration
      Have cars will sail...
      39 5 THE Toyofuji Maru No. 3, a 3,500 grt car carrier built at the Setoda Shipyard of Naikai Zosen, which is a Hitachi Zosen affiliate. It was delivered to its owner, Toyofuji Shipping, on Feb 25.
      39 words
    • Article
      Factors that determine freight cost
      706 5  -  By TERESA LIM THE FREIGHT cost of a commodity, in proportion to its total cost, varies according to the distance it is transported, the type of commodity and its value. According to the Department of Statistics, which carried out a study on freight and insurance
      706 words
    • Article
      Far East freights
      563 5 GENERALLY shippers are still enjoying good freight rates. Some recent shipments show a further reduction of 28 per cent over previous ones. The scrap market is showing some deterioration due to heavy congestion at scrap yards. Vnieli open MV Else Kilde open shelter decker 1022 swat *****0
      563 words
    • Article
      A stake in Dutch yard
      92 5 THE Dutch government, as part of a 950 million guilders (SS99B million) plan for restructuring the country's shipbuilding and heavy engineering industry, said it will take a 40 per cent stake in Rijn Schelde Verolme, Holland's biggest shipbuijding concern. Altogether at least 2,000 workers out
      92 words
    • Article
      Lock icon LONDON FREIGHT MARKET
      228 5 UPI NORTH American grain rates maintained their firmer position as charterers covered further Transatlantic orders. The large bulker, Varangf Jell, repeated US$5 (SSI 1.65) (fio) for a 75.000ton April 19 to 26 shipment while an unspecified 55.000 tonner secured 75 cents more for a March-April haul on
      UPI  -  228 words
    • Article
      Lock icon PanAm offers low fares
      84 5 Reuter PAN American World Airways has won US government approval for a new set of low fares to the South Pacific, Australia and New Zealand at about half the economy fare. Pan Am said effective April 1 It will dffer a oneway air fare from Cali-
      Reuter  -  84 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      627 5 ARRIVALS Service Local Operator Number Time From TMA TL304B 0530 TPE MAS MH682 0810 KCH MAS MH621 0835 PEN MAS MH671 09^5 PEN/KUL OIA GA980 1030 HLP CPA CX710 1035 HLP THAI TG423 1035 BKK SIA SQ209 1045 HLP THAI TG981 1045 BKK GIA GA944 1055 PKU
      627 words
    • Article
      SHIPS IN PORT
      405 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES American Mall (after Tadlusz Oclosznskl) 10/11 Cherry Bagus (0700) 25/26 Hoegh Elan (2300 after SC 869 B Si Al Salamiah will haul to Gdns. 35/36 after Jurata T/L) 33/34 King Pearl (0600) 23 Jurata (0600 after Straat Chatham) 35/36 LI Shan (1900
      405 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      227 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Call us for your local or onward reservations ingapore's business world at your fingertips... 'Tr**, «•»m <, :fAh r* 0/ '<9 S Of t *3 fn fu <V *n <vrj °'S The Straits Times Directory of Singapore 1978 more popularly known
      227 words
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  • Article
    Strong bull market is developing
    417 6 BY THE reckoning of many Investors who have grown accustomed to viewing the market through a myopic perspective, the Singapore stock market has not had it so good in a long time. For some time now, the tendency had been to look at Malaysian-based stocks
    417 words
  • Article
    An encouraging sign for Asean
    229 6 THE ASEAN diesel engine project assigned to Singapore has experienced quite a number of setbacks since it was approved in Ball. The latest official indications that the regional project will carry on, together with other national projects, Is therefore encouraging. The Republic, together with the
    229 words
  • Article, Illustration
    Lock icon THE JAPANESE
    560 6  -  By JOHN SIMS UPI HOW MUCH does Japan's business success have to do with a different philosophy of management that uses ambiguity, extreme politeness and studied nonaggressiveness to achieve results? Richard Tanner Pascale, associate professor of management at Graduate School of Business at Stanford University, examines that question
    UPI  -  560 words
  • Article, Illustration
    Lock icon ... And the role of superstition
    1082 6  - And the role of superstition By STEPHEN BRONTE FT THEY usually come out at night. Seated behind small tables In the ghostly light of a flickering candle, Japan's palmists, soothsayers, and fortune tellers still ply their mysterious trade. For despite the fact that Japan is marketing computers and orbiting satellites,
    FT  -  1,082 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      547 6 sinGapura FORUM |J# HOTEL AOMtfmafMv I~n Inn UMiEU US Orchard Botd, S'pore I. Tel: *****2 Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally (except Sunday)
      547 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      60 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Mainly fair Report for 24 hours prior to 7.30 pm on March 21 at the airport. Maximum Temperature 32.1° C Associated Humidity Minimum Temperature 23.5° C Associated Humidity 95 Hours of Sunshine 4.35 Rainfall in Millimetres trace Total Rainfall for
      60 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      257 6 SINGAPORE 5 PM Opening announcements followed by Serbanika (MalayRepeat)' Diarv Of Events (Malav) Bonanza The Love Child 0 Intermission Opening announcements followed by Electric Company 0 News in Eirief Wild, Wild World Of Animals Tigers Of Kanha Samudra (Repeat) 7.30 News and Parliamentary Report in Malay 8.00 Music At Harewood
      257 words
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  • Article
    Malacca and Johore go all out to attract investors
    1018 7  -  The drive is on for Malaysia's southern states, Malacca and Johore, to attract the investment they think they now deserve, having spent years paving the way with development of industrial estates and infrastructural support facilities. Singapore is sure to generate some
    1,018 words
  • Article, Illustration
    STRAWS IN THE WIND
    462 7 "A YOUNG lady Jibed over lunch this week, "I think the Russians are the biggest capitalists of the lot! What about that plush embassy of yours, with the big swlm.raing pool?" Her luncheon companion, a Russian, was quick to parry," Not at all, I think we
    462 words
  • Article
    ANSWERS TO SOME TRADE QUERIES
    1202 7 THE investment seminar featured question and answer sessions which proved enlightening to the 300 more participants. The questions below were answered by Mr G. Jayanathan of Fida, Encik Ambrin bin Buang of the Ministry of Trade and Industry, Mr Ooi Ban Keat of Bank Negara,
    1,202 words
  • Article
    Right person for the right job
    1046 7  -  FOBUIU f ...on management h ■y LING SING CHEE Miss Ling is a lecturer a{ the Department of Business Administration, University of Singapore. YOU are offered a promotion; you hesitate to accept It. Someone says that you have potential. Would you accept that as
    1,046 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      308 7 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 KING'S HOTEL Havelock Road, Singapore 3 Tel: 9fooll CHEQUERS HOTEL 418 Thomson Road, Singapore II Tel: *****/7 LADYHILL HOTEL 1 Ladyhill Road, Singapore 10 Tel: *****1 HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel: ***** LION CITY HOTEL 15 Tanjong
      308 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      38 7 ou*ne oiog>G>S? we«s semeo oocon ok He. doojn wete. fh feu) f*bO HftWDiNG Uis CvGf\(2eiTCS round P«ND Su>eA«2*G His l-fePSD OFF if n#ou vajwt Mm youu Fimd nm IN Tvt. 6COU.V f\M> BcxJieg U>tm TUG OTHER [School uepNtfcs
      38 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Shares heavily traded
      1136 8 NEW YORK STOCKS advanced sharply across the board In continued heavy trading on Monday. Analysts said investors were encouraged by the government's apparent resolve to tackle more boldly the problem of inflation. This, in turn, contributed to a firmer dollar in foreign exchange markets, they noted. Among
      1,136 words
    • Article
      PRICES HIGHER
      534 8 EUROPEAN MA RKETS SHARE prices in the European markets closed higher In generally active trading. The Paris market rose very strongly across the board following the substantial election victory of the Centre-Right coalition, which has already brought about a firming of the franc and a fall in day-to-day
      534 words
    • Article
      Amsterdam
      242 8 MAR 20 FlS ABN 345 50 I Ahold 100 00 4-1 Akzo 22 40 ♦0.5 AMEV 80 90 unch Anitas 108 78 *0 2 Amrot Bank 75 00 -0.2 Bergoss 60 10 0.1 B.-rk s 98 20 +0 2 Bols 70 20 ♦0 3 B< rsumij 138 50 -1.5
      242 words
    • Article
      Milan
      106 8 MAR 20 Lire Ante 128 50 +0.5 Assoc Gen ***** 900 Bastogt 513 16 Centrale 3710 +230 Flat 2011 7# Finsider 82 ♦5 Gen Immob 81 50 ♦OS IFt Pri 2200 109 Italcemenll ***** 370 ltalgas 651 22 Italsider 135 1 Magnetl M Pf 396 15 Marelli Ere 176
      106 words
    • Article
      Frankfurt
      227 8 MAR 20 Dm Aef-Telefunken 87 50B +0.4 Akzo 21 All* Leben 820 unch Allz Vers 487 4 BASF ***** ♦0.1 Bay H T Whank 282 SO ♦0.8 Bay Vbank 315 30 -0.2 Bayer 139 30 ♦0.5 BBC 294 -I BMW 225 10 -0.4 C'a$sella 376 unch ("hem Verw 225
      227 words
    • Article
      Paris
      280 8 MAR Frs CORBEILLE Air-Liquid* 283 +5.5 B S N Gervais Danone* 434 20 C£ FlThomsonCsfl 103 SO 14.5 Cle Francaise des Petroles 110 20 >3.2 Compagnie Financier* Compagnie General* 352 12 8 Credit Fonder De France 330 4-15 Hachette (Ubralrte) 1M SO ♦0.8 Machines Bull 34 50 1.7 Michelin(B)
      280 words
    • Article
      Zurich
      183 8 MAR Francs Actions Sullies 288 •i Alusutsst Br 1240 +35 Alusulsse Reg. 550 10 Brown Boverl Br 1850 +35 ClbaGelgy Br 1180 5 Clba Gelgy PC 875 unch Clba Grlgy Reg 657 ♦8 Credit Suisse Br 2280 -20 Credit Suisse Reg 452 unch Elektrowatt Br 1850 -S George Fischer
      183 words
    • Article
      Brussels
      93 8 MAR Frs ♦A FORWARD MARKET A 218 •1 Arbed 2270 -50 AMur 542 18 Brascan ♦37 9 Bru-Lamb 1448 10 Canpac 481 ♦5 Cock 358 12 DP Beers 166 unch Ebes 2350 -10 EiectroDei 6100 70 Ob-Inno-Bm 1865 15 Gev 1246 12 Hobok 2195 15 Petro 3865 25 Ryl
      93 words
    • Article
      Selected indices
      64 8 FINANCIAL TIMES INDUSTRIALS Monday 458.6 Friday 457.2 Week Ago 459.8 DOW JONES AVERAGE INDUSTRIALS Monday T73.82 Friday 788.71 Week Ago 759.98 LONDON DOLLAR PREMIUM Monday 95* to 96 Friday >1% to 92H H.K. HANG SENG Tuesday 434.57 Monday 428 38 Week Ago 420.85 SYDNEY INDUSTRIALS Tuesday 393.38 Monday
      64 words
    • Article
      CHICAGO BOARD OPTIONS
      1524 8 March 20 TRADING on the Chicago Board Options Exchange came to a total of 188,764 contracts on Monday compared with 129.482 last Friday. OPTION APL JLY OCT STOCK Alcoa 40 2 1/8 3 4 41 7/8 Alcoa 45 1/4 1 1 5/8 41 7/8 Alcoa SO UNTRD
      1,524 words
    • Article
      Jo'burg
      259 8 MAR Rand INDUSTRIALS Barlows OpSutar CNA Currte Finance De Beers Ind Edcon Edgars Eveready Liberty Lonrho LTA MAndR Mccartliy Mftbox Nedsurl OIL Ok Bu Oudem Pep Piknpa> Plate Ol Pp Cement PremMil Protea Reedpak Remgro Rennles Retro Rm Props SA Brews Sa*e Sappl Securities Rand Sorec Tedelex Tig Oats
      259 words
    • Article
      Toronto
      197 8 MAR 20 CS Abitibl 12% Alcan 28* Algoma 18 unch Bank Mont 19 Bank Nova Scotia 10* Bell Tel 54* Beth Corp BP Can Ltd IS Brasoan IS* unch Camp Red Lake 34 -1* Can Imp Bk 28* Canpac 17* Canpac Inv Pf 16B unch CarllngOKeefe 3*. unch Comlnco
      197 words
    • Article
      Lock icon Market picks up
      431 8 Hongkong Source: Sam Bang K Ltd AFTER a mixed and quieter opening yesterday, the market picked up further straight and pushed through the 430 barrier In heavy trade. The news that the HK Bank Is looking Into an American Bank (Marine Midland) with the Idea of taking
      Source: Sam Bang K Ltd  -  431 words
    • Article
      Manila
      159 8 THE market closed mixed yesterday with oils and commercials steady and minings easier. Dealers said turnover fell to 2.60 million pesos from Monday's 3.15 million. Atlas lost one point while other mining Issues were steady to slightly lower. Oriental and Overseas rose one point each among otherwise generally steady
      159 words
    • Article
      Sydney
      400 8 THE market recovered slightly yesterday afternoon, after a general easing during the morning because of poor company results recently and the preEaster slow down Dealers said BHP lost four to 5.64, while the Bank of NSW recovered to close unchanged at 5.06. The ANZ Bank lost three cents to
      400 words
    • Article
      Bangkok
      147 8 MAR 21 Bahts Asia Fibre 275 unch Bangkok Bank 387 -2 Bangkok Invest 378 -4 Bangkok-Metro-politan Bank Bata 810 -S BerltJucker 500 -6 Carpet Intnl 388 -4 Charoong Thai Wire Oumex Duslt Thanl Faber Merlin First Trust Oenera Finance 3S0 -8 Indo-Thal Industrial Finance Corp 3025 -70"' J And
      147 words
    • Article
      Tokyo
      10 8 THE Tokyo market mi doood ymtenUy for Vormal Dmy.
      10 words
    • Article
      Lock icon BoA extends helping hand
      62 8 Reuter SAN FRANCISCO: Bank of America said it signed a US$72 million credit agreement with Mexlcana De Cobre SA to help finance development of the La Carldad copper complex The Private Export Finance Corp and the ExportImport Bank of the US also signed the agreement. Bank
      Reuter  -  62 words
    • Article
      Quebec issue
      53 8 MONTREAL: A private debenture issue by the government closed atesBs million, $15 million short of the $100 million expected from the placement. The placement Is a 20year Issue carrying a 10.25 per cent coupon and a sinking fund of 4 per cent annually In each of the years
      53 words
    • Article
      Kloeckner credit
      46 8 DUI8BURO: Kloeckner Industrie-Anlagen QMBH (Ins) has extended a 200 million mark credit line to the state-owned National Development Co of Manila, a spokesman for parent company Kloeckner und Co said. Negotiations are in progress over the take-up of the first part of the credit.
      46 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      374 8 M J W The white Uorts ofTTmbarvatl ft J3 5 Sfi <Cy /Vs/K( dp *7^ V" m m WON < EASTER /t W K»IK.S AM) IIiPET^ s /v'( \f/ N I S <»/ III) \U VifJ' K ■TV ?^r jS ID rh< t til rh frt/tH ilfxr-Jr sports of tht
      374 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Kaiser says trigger price is no help
      137 9 NORTH AMERICAN COMPANIES Reuter tlje KAISER Steel Corp. claiming that imports accounted for 50 per cent of Sleel sales in western states, called for prompt and effective enforcement of antidumping laws. c Kaiser said there was little evidence that the trigger pricing mechanism,
      Reuter  -  137 words
    • Article
      Lock icon Fluor
      51 9 Reuter FLUOR CORP said its Daniel International Corp subsidiary has received a contract for more than US$2OO million to construct a cellulose pulp plant for a Procter and Gamble Co subsidiary. The plant will be located at Macon, and is scheduled lor completion in early 1981. F luor said.
      Reuter  -  51 words
    • Article
      Lock icon Coal carriers see losses in first quarter
      783 9 Washington Star AT LEAST two of the United States' three largest coal-hauling railroads, hard hit by the long United Mine Workers (UMW) strike, expect to report deficits during the first quarter of this year. Of f icials said the big three coal carriers
      Washington Star  -  783 words
    • Article
      Lock icon Weak US$ cause of lower BP income
      564 9 EUROPEAN COMPANIES Reuter LONDON: British Petroleum Co Ltd said the weakness of the dollar against sterling, particularly in the last quarter, reduced the reported results from the group's dollarbased operations last year. Moreover, the group's income suffered in sterling terms from the translation
      Reuter  -  564 words
    • Article
      Swedish steel group plunges deeper in the red
      171 9 ■STOCKHOLM: Uddeholm. tihe Swedish steel and forest products conglomerate plunged further into the red last year but not to the extant forecast at the halfway stage. It reports a provisional pre-tax loss of 384 million kroners for 1977 against a loss of
      171 words
    • Article
      Lock icon Cie Francaise
      44 9 Reuter PARIS: Cie Francalse Des Petroles SA announced proposed total 1977 dividend of 14.10 francs (unchanged Parent company net profit is 201 million francs (237 million), including 90 million francs of provisions for risks made previously and now incorporated as profits Reuter.
      Reuter  -  44 words
    • Article
      Reorganisation at Swedish Match result in loss
      266 9 STOCKHOLM: Provisional 1977 figures from the Swedish Match group reveal an almost unchanged pretax profit of 54 million kroners. However, a net extraordinary loss of 90 million kroners. reflecting the throes of the reorganisation which the group is going through under its new
      266 words
    • Article
      Midland opens Paris branch
      205 9 LONDON: Midland Bank has taken an important step in the development of its international activities by registering a new subsidiary in Paris under the name Midland Bank France. The new French subsidiary has an initial capital of 20 million francs. The bank plans to open an
      205 words
    • Article
      Tate and Lyle forecasts drop in profit
      223 9 LONDON: Tate and Lyle is forecasting a drop in pretax profits in the current year. Shareholders were told by Mr. John Lyle, the chairman, at the AGM that the volume of world trade was still showing "little sign of improvement" and that the
      223 words
    • Article
      Lock icon Int'l Papier
      33 9 Reuter ZURICH: International Papier Antilles NV, Curacao, will redeem Its 100 million franc. 5.5 per cent bond Issue due 1990 at 102 per cent on June 15, the stock exchange said.
      Reuter  -  33 words
    • Article
      Lock icon Labour disputes hurt US Steel
      151 9 Reuter DESPITE higher product demand, US Steel Corp said it would lose money in the current first quarter due to labour disputes. The coal strike coupled with a prolonged strike last year at its Minnesota iron ore operations would put the largest American producer into
      Reuter  -  151 words
    • Article
      Lock icon REYNOLDS SEEKS TO END SEC PROBE
      111 9 Reuter R.J. REYNOLDS Industries said the company and its president, Paul Sticht, have brought a suit in a federal court of North Carolina, seeking relief from a Securities and Exchange Commission (SEC) investigation and subpoena relating to its Sea-land Service Inc subsidiary. The company
      Reuter  -  111 words
    • Article
      Lock icon Grace's move into retailing a profitable step
      814 9 NYT SINCE 1854. when it opened shop as a ship's chandlery in the port of Lima. W. R. Grace and Co.. the New York based conglomerate, has tried its hand at shipping. Insurance, aviation, export-importing, merchant banking and trucking. It successively dropped or
      NYT  -  814 words
    • Article
      Lock icon Honeywell won't market computer
      163 9 Reuter HONEYWELL INC said It will not market Its model 66/85 computer announced In January last year, because It found there are other, more cost-effective ways to meet large-scale user needs than current mode logic (CML) technology. Although the 66/85 was based on CML techniques, jointly
      Reuter  -  163 words
    • Article
      Playboy casino
      78 9 PLAYBOY Enterprises Inc. announced plans to open a casino in the Ambassador beach Hotel In Nassau, the Bahamas on May 6. Playboy said construction on the casino is proceeding while final details of a 10-year agreement are being negotiated with Bahamian authorities. lender the proposed agreement, the government's
      78 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      333 9 The first new idea in encyclopaedias in over 200 year- Britannka 3, Britannica 3 does what no other encyclopaedia has ever done before: It serves the three basic needs of users in three distinct ways. (see below) i That's what makes it the most useable reference work ever developed. That's
      333 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1646 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the world "sett." Big Board deal
      1,646 words
    • Article
      Government bonds
      154 10 Rep Spore D Mark 7% 1982 (100.000) (102 T aß 103SS) Rep Spore 6 1/2% 1983 (100.000) (102 3 <B 103'xS) Rep Spore 7 3/4% 1987 (100.000) (99'48 99^S) 4 3/4% 1/5/79 (250.000) (100.758 100.90S) 3 1/4% 15/10/79 (250,000) (101.258 101.455) (2) 101.29 4 3/4% 15/9/80 (250.000) (99.758
      154 words
    • Article
      Corporate bonds
      399 10 B O T 8 1/2% 1981 (100.000) (100'%B 101SS) B O T 7 5/8% 1964 (100.000) (9558 96 >48) B O T Floating 1984 (100.000) (99V«8 99%5) C Itoh 8 1/8% 1984 (100,000) (95.508) LTCB J 1982 (100.000) (99 ",B 1005) LTCB J 1983 (100.000) (99 Viß 1006)
      399 words
    • Article
      Stock options
      309 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. UOB (March $3.00) (0.I0S). FROM PAGE 10 K.L. KM (1 70B) (26) 1 73 (2*)
      309 words
  • Article
    Unit trusts
    163 10 SINGAPORE L NIT TRl'ST (Managers' price* for Mar 22) The Commerce 1.84 1.95, The Saving Fund 106 1 12xd S pore Prog Fund 0 86 0.91 S pore Security Fund 1.70 180 S |«ire Invest Fund 1.06 1.12 ASIA I'NIT TRL'ST (Manager*' price* Tor Mar 22) Mai Invest
    163 words
  • Article
    In Kuala Lumpur
    1719 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 ">nlts unless otherwise specified. INDUSTRIALS Aetna <1 698 1 763) (1) 1.70 Ajinamata (2 488 2.525)
    1,719 words
  • Article
    DIVIDENDS ANNOUNCED
    458 10 rui Ea Dm* Beeba Cleae DM* P*yaM> Trtalfcr Ike ymt TetaJfcr utaB*lljt AMSUAML to^KwLcbwi Si&Ei* Haae (M) Berbad MCnm MalayaaTla Kuala Sidia Rub Treaoh Miae* Aymr HHaaTIa HhuiwCnC) Rivprview QniwiiPuk NImCmi Het« Malaysia PrtflM A. Enterprise Talam Mines UiMM.Wlou CMioUdaitd PUIUUMM Bedford ttS""" IHTBN. Mia. Securities M»i*. DBS
    458 words
  • Article
    SHARE INFORMATION SERVICE
    2469 10 1977/1978 High Low Company Last Sale +ocGr's Di» Div Cw Gr's Y'ld Net P/E Vol cooo) Day Hitfh Low SECTION ONE INDUSTRIALS 170 280 120 282 88* 248 169 291 422 146 132 165 58 212 57* 155 144 182 350 91 Aetna Alcorn Allied Choc Bala
    2,469 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      137 10 study with Wblscv Hall OXFORD Institute of Administrative Management Institute of Bankers Inst of Chartered Secretaries 81 Administrators Inst of Statistic ans London Chamber of Commerce Industry HSC/GCE A Level MCE SCGCE O Level London/AEB GCE A 81 O Levels Modern Mathematics foi Teachers Foulks Lvnch LONDON Ass of Certified
      137 words
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      Page 10 Advertisements Column 2
      3 10 SEE PAGE II
      3 words
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  • Article, Illustration
    Shares take a breather
    700 11 SINGAPORE TRADING on the Stock Exchange of Singapore began on a hectic note yesterday but prices eased gradually j but surely towards the afternoon. Thereafter, conditions •tabilised around the levels seen at the close of the morning session in much quieter activity. A revival of support
    700 words
  • Article
    Kuala Lumpur trend easier
    586 11 PROFIT-TAKING, following two consecutive days of steady advance, trimmed prices on the Kuala Lumpur stock market yesterday. Prices were fairly steady at the start of trading, apparently extending Monday's strong finish. However, the emergence o/ profit-takers in most previous winners pulled the brakes on yesterday's early
    586 words
  • COMPANY NEWS
    • Article
      SIMBL results creditable
      646 11 THE very liquid money market here did not make life easy for the merchant banking community but Singapore International Merchant Bankers (SIMBL) has turned In a creditable performance of $1.02 million pre-tax. The figures are not strictly comparable with those of the previous year since the pre-tax
      646 words
    • Article
      PDC expects loans to be recovered
      508 11 PACIFIC Development Credit maintains that the group will be able to recover in full the loans made to the former chairman of San Imperial, Mr Choo Kim San. This confident note is voiced by PDC once again to the KLSE as the company seeks
      508 words
    • Article
      JCIL gets an extension
      313 11 [JACK Chla International I Ltd (JCIL) has managed to obtain an extension on the option date to purchase a major stake In Hongkongbased Apollo Tours and Travels from the main vendor. Sen Sen Hotel (Singapore). The original date given was March 18 this year but the
      313 words
    • Article, Illustration
      Consplant scrip will dilute earnings
      717 11  -  By MANO SABNANI CONSOLIDATED Plantations proposed scrip issue of three-for-one. though generous in itself, will nevertheless result in a serious dilution of net earnings per share and a concomitant reduction in net tangible asset backing per share to just about $1. The scrip issue will
      717 words
    • Article
      Fortune Advertising no longer UOB unit
      116 11 FORTUNE Advertising has ceased to be a subsidiary of the United Overseas Bank group following the sale of the bank's stake in this company last August. Apologising to the Stock Exchange of Singapore authorities for the delay in notifying them of this matter. the
      116 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      207 11 SINGAPORE S LARGEST SELLING WOMEN'S MAGAZINE PRESENTS SOME BARE FACTS AND VITAL STATISTICS: (A) HIGHEST AUDITED CIRCULATION OF ANY WOMEN'S MAGAZINE IN SINGAPORE (member of Audit Bureau of Circulations, Australia) JF, V v a W s\ 0 1977 NUMBER OF COPIES SOLD JANUARY 17,658 FEBRUARY 17,385 MARCH 17,478 APRIL 18,486
      207 words
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  • Article
    Lock icon Fourth quarter US growth disappoints
    736 12 CONSUMERS SPENT LESS Agencies THE US economy grew a sluggish 3.8 per cent during the final quarter of last year and at a slower pace than previously forecast. The Commerce Department said the main reason for the downward revision in the GNP was that consumers
    Agencies  -  736 words
  • Article
    Lock icon IMF quota increase close to being ratified
    126 12 Reuter THE International Monetary Fund said the proposed second amendment to its articles and the sixth quota increase are close to ratification, now expected "within a matter of days." The IMF said in its ••Survey", as of March 17 a total of 91
    Reuter  -  126 words
  • Article
    Exim seeks to raise its credit authority
    548 12 THE US government has asked Congress to increase to US$4O billion (Ss92 billion), the credit authority of the Export-Import Bank, whose chief function is to arrange credit for American exporters. The administration aims to increase sales of US products abroad in an effort
    548 words
  • Article
    Inter-agency group to help review policy
    240 12 AN INTER-AGENCY planning group has been set up at national-level to conslder papers and memoranda prepared by various agencies Involved in the mid-term review of the Third Malaysia Plan. According to a circular Issued by the chief secretary to the government, Tan Sri Abdullah
    240 words
  • Article
    Lock icon Rush for new foreign bank licences in HK
    267 12 AFP FOREIGN banks in Hongkong are now rushing for new licences, on.'y five days after Financial Secretary, Philip HaddonCave. announced the lifting of the 12-year ban. Sources close to the banks said 30 applications for full banking licences have been submitted to
    AFP  -  267 words
  • Article
    Lock icon Leyland hit by $22m after-tax loss
    313 12 Reuter BRITISH Leyland said Its loss after tax and Interest last year was l's million (5522.5 million) compared with a profit of 146.5 million in the 15 months ended Dec 31. 1976. The state-controlled company satd the loss was 152 million after extraordinary items
    Reuter  -  313 words
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    MALAYSIA CAN BEST LEAD THE WAY
    492 12 MALAYSIA is uniquely placed to pioneer with its neighbours a new model for fast growth in Asia. This is the observation made by a London-based financial magazine, Euromoney, in a recent survey on Malaysia. "It is no longer possible for developing countries to copy
    492 words
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    LONDON STOCKS
    745 12 LONDON. Tues. The FT Index rose 7.7 to close at 466.3 today. Unilever was among the higher gainers being up lOp at 496p while Beecham finished 8p higher at 631. ICI and Glaxo each put on 7p at 358 and 535. respectively. Metal Box and Tube Investment* at
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    More focus on developing ITB staff
    270 12 THE Industrial Training Board will be giving more attention to staff development over the next few years because the success of Its training programmes depends ultimately on the quality of its staff. New staff recruited as training officers or workshop instructors will be given
    270 words
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    SBS dividend of 7 1/2 pc is assured
    676 12 IN PARLIAMENT YESTERDAY FINANCE Minister Hon Sut Sen yesterday assured that the newly Incorporated company Singapore Bus Services (1978) Ltd will be able to pay at least 7-1/2 per cent dividend to shareholders and added that this is an assurance that can
    676 words
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    NO PLANS TO BORROW YET
    125 12 THE Singapore Government has no plans to borrow more funds on the international market at the moment, although the Republic has accumulated total borrowings abroad of 5535.5 million. The Senior Minister of State for Finance, Mr. Goh Chok Tong, was replying to a question raised
    125 words
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    S'pore paying heed to sensitive products
    217 12 FINANCE Ministry officials are aware of the need to shift Singapore's emphasis from manufacturing sensitive products to less sensitive ones. The Finance Minister, Mr. Hon Sui Sen, said this in reply to Dr. Augustine Tan (Whampoa) who was referring to plans by Hitachi of
    217 words
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      221 12 Mathematics and Statistics in Penguins Statistics in Action: Peter Sprent This book is intended to interest the general reader who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to statistics
      221 words
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    SHIPPING TIMES
    4861 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping Une involved, and the estimated dates of arrival and departure from Singapore port. t Consortiums Scan Dutch has a Joint
    4,861 words
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      1076 13 MAERSK UNE SERVICE ALL THE NAY SINGAPORE *****46 K.LUMPUR ***** PENANG *****1 P. KELANG *****0 SHIPPING S Seatrain Full Container Service T Lines Inc. (U.S.A.) Trans-Pacific Service FEEDER VSI SPORE MOTHERVSI 23/3 26 3 SEATRAIN CONCORD A VESSEL 7/4 Statrato VMM VESSEL 11/4 Fort* V. IS t/4 22/4 23/4 M/
      1,076 words
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      22 13 SEA LAND DRY/ REFW6ERATED CONTAINER SERVICE NEXT MIDDLE EAST VESSEL WORLD LION V I 40TM FLOOR, HOM LEOM BIDt, 11. RAFFLES QUAY
      22 words
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      764 14 >■ I SHIPPING IF Hapag-Lloyd FULLY CONTAINERISED TO EUROPE S'pere M«mc H'kw| B'hrwn A£wn Nmlv| E(press Oatalll Nn| Km( Eiymi 24/3 26/3 27/3 29/3 5/4 6/4 13/4 15/4 19/4 21/4 28/4 30/4 4/5 6/5 11/5 14/4 16/4 19/4 22/4 28/4 30/4 5/5 8/5 21/4 11/5 13/5 30/4 20/5 23/5 6/5
      764 words
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      781 14 I £2 SANKYO LINE] AUSTRALIA SERVICE P KtUnc Singapore Lpadinjftr THREE STAR 27/25 Mac 25/26 Mar FtEM, ADEL. MEL, SYD KYOSEIMARU 30/311Iar 1/2 Apr FR£M. ADEL. MEL MAY SKY 30/31 Mar 1/2 Apr BRtS.SYD KYOTEN MARU 14/15 Apr 18/17 Apr AOEI.MEL.SYO BANGLADESH SERVICE MAY BREEZE 15/ IS Apr GENERAL AGENTS
      781 words
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      507 14 LAND U.S.A./ ASIA SERVICE pevttFßi6t rated comi service sailing evert wednesoay for mis in usa CANADA CARIBBEAN lAPAN. KOREA TAIWAN HON6 KONG THAILAND AND PHILIPPINES VESSEL/VOYAGE Vessel Arrives, departs WORLD TIGER V-2 MAR 27/21 PONCE V-321 f Art 4/5 GATEWAY CITY V-692 APR 11/12 CFS Ctoses 500 PM MAR 27
      507 words
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      1011 14 Everett Lines B«nm Fiva Star Shippiaf Carpn. "BURMESE NATIONAL LINE' lOMNM FOR RANGOON HTANTAWYWA HTONEYWA Hr ibC Aoen»> .n Moloysio "EPS MALAYSIA P Kelong Tel (38) 7355 Peoonq Tel *****/ ***** Campania Arpatina Da 'Til* v> Mawaaaciaa Imarcaatiwaatal S. A. C.I. F. "ARGENTINE NATIONAL LINE' LOADING FOR DURBAN CAPETOWN BUFNOS
      1,011 words
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      730 14 m ARD NE AMAH Orient Overseas Co*ticU*iesi Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) S pare P. Keiam Selaa lehaere H'Wrf OMENTAL CHIEF M S SEAS MID6E IS* OMENTAL RESEARCHt CHEVALIER PAUL IBM NEPTUNE COM I 7W NEPTUNE PURL M CHEVALIER RO2E IN All vessels call Bremer*a»en alter Hamkui
      730 words
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      944 15 p»SCI Australia Straits Container Line (A MEMBER OF THE ANRO CONSORTIUM) RO CONTAINER SNIP SERVICE TO/FROM AUSTRALIA Blue Funnel (S E A.) centaur REGULAR PASSENGER/CARGO SERVICE TO/FROM FREMANTIE (EVERT 21 DATS) Sails Fremitill CENTAUR MMI CENTAUR 11 Ar* CENTAUR U Ma| CENTAUR 2 Ja* S nrapo a P. Kean? Ptnang
      944 words
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      1259 15 A joint service of Ben Line. Blue FUnnel den Line and NSMO TO W/CMTIN(KT (fit Saaz) S nfacore P. Keianf Fenanf (moo* 2/ 4 Mr 11/15 Apr 11/12 Mr 11 Mar B ibao. test H hurt. Dbbi.i 17/11 Mr 20/21 Mr 27 20 Mr 5/ 0 Mar 1/4 1 31/
      1,259 words
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      1141 15 BEN LINE CONTAINERS LIMITED H Bute S HAVEN I DA* HAVRE SCTQM y»L S»tm* P. tela«e f Ce»*»»7<<ry/ia kwiu franct Ail UK. Scanj|«a*i> IENALBEB 14 Mar Mar M A|r II Apr 17 Apr (71 Apr) II Apr RNINE MAW 27 Mar 71 Mar II Apr 77 Apr 71 Ap, n
      1,141 words
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      1132 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/ SCANDINAVIA ftM*i Iron P. Kelanj Vessel SELANOIA FJANCESCA IS 1 NEO'VHMA M 4 M 4 T/ J 7/ S ['"••'J, II 4 5 S IJ, S 14/ S F«ANC(S£A 4 (OUtA* 1/ 5 IJ J 2a i J
      1,132 words
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      662 15 GUTHRIE BOUSTEAD THE BANK LOOC LTD. LOABS FN Lll AFRICA OIIVEOANR (Mttiriims. Reunion. M'bau. Tsag] Sort. Durban EL. P C«XIOWIJ Penanf P. Kei«n| Kit Iter S'pore II H'« Har TESTRANR (Mauritius. Reunion. Durban Mombasa. Tonja, O'sataam. E 1., P.E., Capetown; Penanf P. Kelanf If/» Apr Spp-e 11/ IT Apr FROM
      662 words
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      969 16 "K" LINE KAWASAKI DON KAMA LTD. MHOUMC CWTAINU SV ORIENTAL CHEF IV SOW SUS MINI 15* MENTAL RESEAICIER 11 SOfICE 71 I Sport P. r 31 Mar i f IS Ayr I 22 Apr KeUnT 2S Mir E 1 Apr SEVEN SEAS MICE 14E 25 Mar MENTAL RESEARCHER IE 1
      969 words
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      1138 16 E.C.-1-SJUATUUmC/fitlLF SERVICE unmet Fcua canum FtM mt r. nu* lif.if far NORFOLK NEW YORK. "VISHVA SIDONI (OiSCk aaly) ••VlS*** VIKRAM (NASA It SSI) C.44/22 Mar 21/24 Mar E. C./GREAT LAKES SERVICE Leatiag f«r: NORFOLK. NIK TOM, MONTtE U. TORONTO. ASHTABULA. DETROIT. CHICAGO Penang Beiaoa. P Kelang Singapore U MECNALAYA CALIFORNIA/PACIFIC
      1,138 words
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      1005 16 NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: re EMfE ivusiqr MWKOM COHTAIWt 31 Mar ORIENTAL CHIEF Apr SEVEN SEAS BRIO6E 15 Apr ORIENTAL RESEARCHER 22 Apr CHEVALIER MR 21 Apr neptune com «my NEPTUNE PEARL 14 May 'All mstfc call U Haw* *n«r FROM EUROPE PHA SfED SEVEN SEAS BRIO6E
      1,005 words
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      512 16 MAI AYSIAN INT[*NA TIONAI SHIPPING CORPORATION BCRHAD TEL.- n. *****4. EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED CONTINENT/SCANDINAVIA WttT UVDI EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT Tf. Mini P. Kelang Prnnj .ulj| I UNCI MEIOR 20 71 Apr ■lINI Si (Oil (UNCt TANJONC 12/ IS m*t lUNCA MEIATt 11 11 Apr Blona
      512 words
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      811 16 INTRASEA (PTE) LTD. F.ibe' M O'fh.t'C! Bo.'tn S"-.; ,;v Telephone 1 354*. lE6OUB INDEPENDENT SERVICE T« ERWPE S'pore P. Kelang Penang Lm*m| fw M.V. FINIX M P*t SaiM Awrp/frdaw/HTwrg. *M.V. A£6IS BALTIC 13 A#r I Apr S ton/R dam/H bur|/ A'werp. M.V. LN VI NAY 25 Apr 21 Apr A
      811 words