The Business Times, 23 March 1978
1978-03-23
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The Business Times
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Title Section11 1978-03-23 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURSDAY, MARCH 23, 1978 50 CENTS11 words
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BRIEFLY...
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Article77 1978-03-23 1 TWO Vietnamese pilots flew Into Singapore last night to seek asylum In a third country. A Singapore Government statement said the two pilots have been taken into custody while their application for resettlement will be passed on to the country concerned. The two pilots who were In a77 words
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Article62 1978-03-23 1 Reuter WASHINGTON, Wed. The United States had a record deficit of US$2O.2 billion (5546.4 billion) In its current account balance of payments during 1977, the government reported today. The Commerce Department said this was more than double the previous record deficit of $9.9 billion in 1972 andReuter - 62 words
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Article54 1978-03-23 1 Reuter. VIENNA, Wed. Oil ministers from Opec nations will meet In Geneva on April 3 following a Kuwaiti call three weeks ago for emergency talks on the state of the US dollar, official sources said today. There would be no agenda, and ministers "will be free to raiseReuter. - 54 words
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Article56 1978-03-23 1 Reuter. !5 ONG Wed Hongkong's trade deficit widened to HK$l.Ol billion (Sssoo million) in February from $685 million In January and $465 rnillion in February, 1977, provisional figures show. February domestic exports and re-exports fell sharply to $2.90 billion from $3.60 billion In January and against $2.91Reuter. - 56 words
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Article69 1978-03-23 1 AFP BREST, Wed. Hope was fast running out today of salvaging some 100,000 tonnes of oil from the stricken supertanker Amoco Cadiz which ran aground last Friday with 233,000 tonnes of oil on board, off Brltanny. Plans to pump the remaining oil Into an 18,000 tanker anchoredAFP - 69 words
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Article60 1978-03-23 1 AFP TOKYO, Wed. Japan has overtaken Britain as the world's second largest nuclear power generating country with a combined capacity of 11,837,000 kilowatts, the Ministry of International Trade and Industry said today. The number of nuclear power plants In Japan is expected to rise from the current 18AFP - 60 words
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Article61 1978-03-23 1 AP. KUALA LUMPUR, Wed. Malaysia Is determined "to put right the Imbalance In the air services agreement with Britain," a government minister said today. Deputy Communications Minister All Sharlff said the government-run Malaysian Airline System (MAS) has to pay British Airways Ms 4 million yearly from theAP. - 61 words
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Article60 1978-03-23 1 UPI NEW YORK, Wed. Stocks headed lower early today amid rising investor concern that the US Congress would push against industry for stronger inflation curbs. Trading was fairly active. The Dow Jones industrial average was off 2.86 points to 759.96 shortly before 11 a.m. Declines led advances, 602UPI - 60 words
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Chief Price Changes
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Article127 1978-03-23 1 Rises Most active NSOP 355 +85 Nanyang Press 271,000 GELife 1000 +30 Haw Par 239,000 MalakofT 266 16 Sin Chew 235,000 NBT 196 14 Pan Electric 208,000 Perlu Plant 214 12 UOB 178.000 Dutch Baby Magnum Corpn Jardinea 155 320 208 10 +8 +8 Total Turnover: 4.47127 words
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Article, Illustration170 1978-03-23 1 Rises Most active Chin Teck N Sembilan NBT Merlin (S) PMRI Malex 3.78 3.60 1.33 1.30 High and Low 261.000 Haw Par 223.000 2.00 1.49 2.74 3.64 2.66 .16 .15 .14 .12 .11 Sentosa 205.000 Sim Lim 203.000 Total Turnover: 4.22 m Malakoff Total Value. MS9.07 m170 words
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Article1039 1978-03-23 1 JOHN TAN - 'POSB CAN DO WITHOUT ADVANTAGES' By JOHN TAN FINANCE Minister Hon Sul Sen's statement In Parliament two days ago that his ministry is considering altering the special benefits accorded Post Office Savings Bank depositors has predictably met enthusiastic response from banks. The Association of Banks In1,039 words
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Article231 1978-03-23 1 SINGAPORE'S external trade fell off in February owing to seasonal factors. The volume of imports and exports, however, continued to be higher than the 1977 month. External trade continued to be in deficit with imports exceeding exports. For the month, imports were $1.98 billion and231 words
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555 1978-03-23 1 SINGAPORE and Australia have apparently worked out a new bilateral sugar agreement as Indicated by an official exchange of letters between the two governments last Friday. Details of the new agreement are still not disclosed. However, Mr. Peter Home, the Australian Trade Commissioner in555 words
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Article208 1978-03-23 1 AFP BRITAIN'S Minister of State for Foreign and Commonwealth Affairs, Lord Goronwy-Roberts, said on arrival In Kuala Lumpur yesterday that he hoped the differences with Malaysia over the Concorde overflight rights would be solved soon. He added that the supersonic Concorde had been "environmentally and economically acceptable InAFP - 208 words
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347 1978-03-23 1 BANK rates is Singapore are ready to bill again after riaing early this year. Yesterday, market leader, Development Bank of Singapore announced it is cutting its prime rate from 7 V« to 7 per cent, effective today. DBS explained that the rate347 words
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536 1978-03-23 1 RONNIE LIM - •y RONNIE LIM SAMAERO, the Singapore Government Joint venture with the French company, Aerospatiale, is negotiating a contract with another French aerospace company, Societe Charentalse d'Equlpements Aeronautlques (SOCEA), to sell its products in the region. This is one of a number of ambitious536 words
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Page 1 Advertisements
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Advertisement7 1978-03-23 1 AKAI il'j ii'in" 1 SEE THIS PAGE7 words
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Advertisement125 1978-03-23 1 2* V# N atILSB A MOST EaSTINGOSEIED Qffi! Peugeot 604 exudes luxury. It's rigid body is protected by Electrophoresis and six handsprayed coats of paint plus a top layer of varnish. Insulation from noise and vibration is achieved via a floating differential, seats that are tuned to the fully independent125 words
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Advertisement75 1978-03-23 1 SHIPPING TIMES ROLLEI has lota of producllvity ideas PRO-AM (otf winners NEW air freight service siaahes coata LOCAL aolutiona to global problems FORUM on wood-baaed Ltaduatry WHAT'S in a tore at the Asean Fair SCRIP rnmoura buoy up Steamen LONDON Sumatra flashes its trump card KLBE impatient with General TIGHT75 words
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Advertisement385 1978-03-23 1 $|-)%_.='\~>>$[[^)};[^._@^;-:_] SEE PAGE 6 THESE ARE THE BOOKS THAT HITLER BURNED fi! =-ar it Bit THE GREAT BOOKS OF WESTERN CIVILIZATION These art ibe books that had to burn For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and385 words
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TRADE AND INDUSTRY
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805 1978-03-23 2 RONNIE LIM - By RONNIE LIM ROLLEI, the West German camera manufacturer, is experimenting with a productivity scheme for machine setters in Singapore following the success of its scheme for operators Introduced six years ago. The latest issue of the Minimax. published by the National Productivity Board, says805 words
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Article213 1978-03-23 2 A LARGE British sugar machinery manufacturing company, Fletcher and Steward, has been awarded a £15 million (Ss66 million) contract by the Philippines Sugar Commission. The project will involve the design, supply, installation and commissioning of a refinery to produce high quality refined sugar from 550 tonnes213 words
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Article, Illustration147 1978-03-23 2 A NEW law course that may Interest Singapore and Malaysian students will begin in the UK in October. The director of studies of Holborn Law Tutors, Miss Valerie Aggett said that it will lead to the barrister's final examination the Bar Part 11. She said,147 words
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Article127 1978-03-23 2 THE JAPAN TRADE Centre In Singapore will step up its promotion of mutual understanding between Japan and the Republic and dissemination of economic information on Japan. Announcing this yesterday, Mr. Akio Suzuki, the general manager said that this will be In the hands of Mr.127 words
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346 1978-03-23 2 THE Malaysian Government has awarded two contracts worth M 56.4 million for flood control. They are the 53.3 million contract to Syarlkat Manong Bhd. for raising the Klang Gates dam and 13.1 million contract to Song Send Bhd. for deepening and widening of Sunset346 words
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Article, Illustration122 1978-03-23 2 A S 10,000 model of the largest cargo vessel designed and built in Singapore was presented to the Port of Singapore Authority's Maritime Museum at Sentosa yesterday. TW model of "Cabo Espiritu Santo" (Cape of the Holy Spirit) was a gift from the122 words
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254 1978-03-23 2 THE SINGAPORE Hilton will take on some of that famous French atmosphere, brought on by sidewalk cafes, accordion players and dancing girls when It presents Springtime In Paris, a promotion of wine, food and entertainment from France from March 27 to April 15.254 words
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309 1978-03-23 2 AFP. SOUTH Korea's major export items have been shifting in recent years from Tight industrial products to heavy and chemical industrial goods. According to statistics released by the CommerceIndustry Ministry, the component ratio among total exports of such light industrial products as textiles, footwear,AFP. - 309 words
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Article75 1978-03-23 2 THE Port of Singapore Authority will be conducting three courses next month on port administration (April 3to 21), ship Inspection (April 3 to 7) and oil spill control (April 17 to 28). The courses are for senior and middle management in the shipping community. Closing date tor75 words
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Article50 1978-03-23 2 Reuter. MALAYSIAN Agriculture Minister Datuk Sharlff Ahmad yesterday announced that Malaysia would set up a plant quarantine training and research institute to serve Asean. Opening a three-day conference on crop protection Datuk Shariff said the institute would provide information on pests and advise on pest control measures. Reuter.Reuter. - 50 words
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Article679 1978-03-23 2 SINGAPORE OPEN GOLF By o Special Correspondent PRE-TOURNAMENT favourite Ben Arda of the Philippines and a local amateur, Cheong Wing, yesterday won the Pro-Am tournament, the curtain raiser to the four-day Singapore Open Golf championships commencing today. Arda and Cheong (handicap 13) returned a nett679 words
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Article165 1978-03-23 2 DATE TITLE LOCATION ORGANISER COURSES AND TALKS Mar 21-23 Limit State CP 110 Design Sea view Compa International Mar 27-29 Prestressed Concrete Design Seavlew Compa International Mar 27-28 Costing and Financial Hilton Price Waterhouse Analysis for Marketing Managers Mar 28-30 Problem solving and prevention SIM Conference Room SIM165 words
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Page 2 Advertisements
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Advertisement159 1978-03-23 2 Don't let the language barrier stop you from wider contacts frm '<j; i i s eAV 3 y sN e a d ,W* eS 0 s°;; te «g? A 3tf V YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travelling in fact anywhere and any time that159 words
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Page 2 Miscellaneous
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Miscellaneous639 1978-03-23 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 4 Send away the bachelor with a broken shin (6) 7 Emotionally, a case of getting nothing for nothing? (4. 4) 8 A small change for animals 10 Is he a noted sail-maker? (5) 13 Land scheme? (4) 14 Get one's back up? (4) 15639 words
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OVERSEAS
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Article391 1978-03-23 3 UPI CANADA'S economic growth may be a moderate 4.5 per cent this year while unemployment will remain above 8 per cent and inflation top 7.5 per cent, the Canadian Conference Board predicted. "Although the expected performance shows an improvement over the past several quarters, economicUPI - 391 words
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Article337 1978-03-23 3 Reuter. GERMAN central bank (Bundesbank) Deputy Governor, Karl Otto Poehl said talks are being held to persuade German banks to draw up consolidated balance sheets, possibly every three months, that will show the activities of foreign subsidiaries. He said the aim of theReuter. - 337 words
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Article365 1978-03-23 3 Reuter. A NEW YORK syndicate headed by Morgan Stanley said it had set tentative pricings for the three-part Government of Canada US$75O million (551.725 billion) bond offering for public sales in the United States. The group said it priced $250 million of bonds, due 1983,Reuter. - 365 words
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190 1978-03-23 3 Reuter LABOUR strife in the West German metal industry has spread from the Stuttgart area to Munich where 15,000 automobile and aircraft workers downed tools in short warning strike to demand an 8 per cent pay increase, a union spokesmam said. Manufacturers in BadenReuter - 190 words
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Article139 1978-03-23 3 Reuter. THE US Senate Armed Services Sub-committee on military construction and stockpiles will start voting on all pending stockpile bills today. The legislation Includes the revolving fund stockpile bills of Representative Charles Bennett, which has already passed the House, and a bill from the subcommittee's chairman,Reuter. - 139 words
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WORLD IN BRIEF
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Article467 1978-03-23 3 Agencies US Comptroller General Elmer Staats said on Tuesday the United States Is lagging behind other Industrial nations In developing technology and blamed this situation on "a lack of mutual trust" between government and Industry. "Other countries are sustaining higher rates of productivity growth because they haveAgencies - 467 words
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Article258 1978-03-23 3 GIANT US corporations have a lower tax rate than small and medium-size business enterprises. According to a study prepared by the Federal Trade Commission, corporations with over US$l billion (552.3 billion) in assets paid 36 per cent of their income in taxes last year compared to258 words
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Article611 1978-03-23 3 USS6OB SEASONALLY ADJUSTED Reuter, NYT. THE US budget deficit, as measured in the national income and product accounts, rose by US$l.2 billion <552.76 billion) to a seasonally adjusted annual rate of $60.1 billion In the October to December quarter. The Commerce Department said the deficit for 1977Reuter,; NYT. - 611 words
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Page 3 Advertisements
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Advertisement42 1978-03-23 3 DOCUMENT PROCESSING DIVISION 4* 0 V *1 *s C<P r»0 C »V>W 160 ..u o \co^ 3 .o&e a«» w V 2 c -nee 4" -i s^° x^&S^n t^rtCfTO 0 of*** 22-0 I py# 1 J- _-«C* >!?%•* I fW°"^sj9 lC<s 7„\ Ricoh42 words
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RAW MATERIALS
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Article451 1978-03-23 4 THE Singapore market closed lower with April One RSS buyers quoted at 204.00 cents/ kilo yesterday, down 0.75 cents on Tuesday's close. The afternoon session was dull and featureless. The morning session closed quietly lower with April One RSS buyers quoted at 204.00 cents/ kilo.451 words
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Article30 1978-03-23 4 Rubber: Much 22 Singapore: April 204.00 cents (down 0.75 cent) Malaysia: 207.30 cents (down 0.50 cent) Tin: 51,514 1 (up llO'/fc) Official offering: 232 tonne* (down 53 tonne*)30 words
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Article68 1978-03-23 4 C.I.F. US dollars per ton. LONDON Tuetday Previous Malaysian 5«t> ffa bulk May 560 sir 580 sir Sumatra 5% (fa bulk March 590 pd 590 pd April 620 sir 630 sir May 596 pd 615 Sir June 567 50 pd 590 sir .June/July 560 pd 577.50 sir August68 words
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Article335 1978-03-23 4 Prices tn cents per kilo yesterday: Noon Close (per kilo) (per kilo) Int. 1 R.S.S. prompt f.o.b. Buyers Sellers Buyers Sellers 203 00 204.00N 203.25 204.25N Int. 1 R.S.S. April 203.75 204 00 204.00 204 25 Int. 1 R.S.S. May 204 00 204.25 204 25 204.50 Int. 2335 words
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Article98 1978-03-23 4 NOON SSR and SMR prices yesterday: RAS January February (Current Mth) (Forward Mth) Buyers Seller* Buyers Sellers (cents per kg) (cents p wr kg) SSR 20 (1-ton pallet) 193.50 195.50N 194 50 196 50N SSR 50 (1-ton pallet) 191.50 193.50N 192.50 194.50N MRELB SMR5CV (1-ton pallet) 214.0098 words
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Article436 1978-03-23 4 PRICES of pepper fell another $5 per plcul in quiet and easier trading on the Singapore produce market yesterday. This brought the drop to $10 in two days. Top grade Muntok Asta white was quoted at $397.50 per plcul fob. Only five tonnes of loose pepper arrived from436 words
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Article125 1978-03-23 4 BANGKOK rice prices were as follows yesterday: US dollars per tonne rob 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. IS pet 380. 20 pet 375. 25 pet 367. 25 pet125 words
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Article311 1978-03-23 4 ROBUSTA futures In London yesterday opened steady i'lo to €20 per tonne upon Tuesday's close. Turnover was 248 lots. Values edged higher In thin commission house and dealer buying partly as an extension of Tuesday's late rally but also In sympathy with New York's limit up close. Sentiment has311 words
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Article227 1978-03-23 4 TERMINAL open £26 to t.22.50 per tonne higher in a turnover of 206 lots in London yesterday. Dealers said the market was steadier on the New York market's performance coupled with anticipation of shoro-covering in a thin pre-Easter market. US Jan confectionery sales figues were up over a year227 words
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Article261 1978-03-23 4 SUGAR futures opened L' 0.75 lower to £0.20 higher on Tuesday afternoon's closing levels In a turnover of 696 lots in London yesterday. Dealers said the rharket was initially around Tuesday night's slightly lower kerb levels reflecting trade reports that Colombia had sold raw sugar at a cheap price261 words
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Article230 1978-03-23 4 THE Straits tin price in Penang gained Mslo* per picul to $1,5144. Values recovered in reaction to the recent decline on covering and London's recovery on Tuesday. Consumer buying demand continued light with turnover dropping to 232 tonnes from Tuesday's 285. In LONDON yesterday, tin advanced by £70230 words
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Article284 1978-03-23 4 SILVER hardened by 0.7 to 0.8 pence per troy ounce in London yesterday morning. Initial pre- market values were lowered following the late sell-off In New York on Tuesday. But the market subse- quently rallied under shortcovering prompted by the rise in gold and the firmer trend in base284 words
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Article110 1978-03-23 4 ZINC on the day rose by £3 for cash and £5.25 for Three Months in London yesterday. During the afternoon, buying and covering take Three Months upto £273 per tonne. Prices eased on the morning pre-market under liquidation prompted by the trend in copper with Three Months trading down110 words
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Article181 1978-03-23 4 THE sugar market yesterday closed little changed In dull, featureless trading, with four lots traded against six on Tuesday. The four lots were traded in September in the final hour, which rose 0.05 US cents. The Hongkong dally sugar price fell 0.10 to 7.25 US cents. The cotton181 words
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Article187 1978-03-23 4 YARN and cotton In Hongkong dollars, spot ex-godown: Cotton Yam: China Blue Phoenix 20's 1.740. 32's 2.010. 40' 2.160 (per bale of 400 lbs) Piece Goods: China Butterfly and Olobe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Oeese unq. (per piece 36187 words
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Article205 1978-03-23 4 SOYBEAN futures In Chicago gave ground for second day in a row, losing 13* to 4V4 cents a bushel on Tuesday. The market continued to trade nervously with prices fluctuating mostly below Monday's close. Traders attributed the nervousness to a lack of fresh positive news to sustain bullish sentiments.205 words
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Article127 1978-03-23 4 WHEAT futures In Chicago on Tuesday lost early gains of one to two cents and traded lVfc to six cents a bushel lower after an hour. Little selling appeared in light earlv dealings and commercial demand helped encourage speculative support. But prices retreated as professional selling and weakness in127 words
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Article330 1978-03-23 4 In LONDON yesterday, copper wlrebars finished the morning with all round gains of C 7.50 per tonne. Values were marked down on the early pre-market reflecting the late sell off at New York with Three Months trading down to L' 663 per tonne. Subsequently the market rallied on short-covering330 words
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Article79 1978-03-23 4 LEAD finished In London yesterday morning with gains of mostly £3.50 per tonne. This metal followed the trend In copper with early profit-taking attracting fresh buying and shortcovering interest which lifted Three Month from £303 on the pre-market upto £310.50 on the late kerb. On Tuesday, lost £0.75 all79 words
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Article432 1978-03-23 4 THE kilobar in Singapore opened at 5513,315 and closed at $13,304 In London, the metal opened at U*****.20/50 and closed at $178.00/30 with narrow fluctuations. The London morning fix was U*****.55. up $1.25 from the previous. Source: Singmaa In HONGKONG yesterday, gold closed HK$l.2O higher at $983.60 per tael,432 words
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MONEY AND EXCHANGE$
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Article565 1978-03-23 4 THE US dollar fluctuated narrowly against the yen and most other major currencies on the foreign exchange market yesterday. Traded under thin market conditions, the dollar opened 230.70/80 against the yen to rise to the day's highs of 231.00/10 by about lunch time. London trading, however, brought It565 words
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Article169 1978-03-23 4 Asian rates ASIAN currency deposit interbank rates as at clos e on Mar 22: U8 Dollars (Spot) Ofhr BM 7 days 7 615/16 1 mth 77/16 7 5/16 2 mths 73/16 71/16 3 mths 7 5/16 7 3/16 8 mths 75/6 71/2 9 mths 711/16 79/16 12 mths 7 13/16169 words
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Article52 1978-03-23 4 RANGE of prices offered by discount houses on March 22 Overnight 1/8 3*% Call deposits: 3VK> Closing 3-Month B«ytag Mliag Treasury bills 3 1/4 3 1/8 3- Month Bank bills 4 13/16 4 11/16 3-Month CD 5 4 7/8 6- Month CD S 3/8 S 1/4 Source: National Discount52 words
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Article308 1978-03-23 4 Straight* Bid Offer FFI8 If 87 Courtaulds itfHN EIBst«9*.92 Flsons stf l#H 87 Inc 8 n Inco8~.#4 Sparbank t rnas IV, 88 Shell 97.30 95 75 99 75 100 75 97.25 97.50 s-s 90 25 90 50 100.50 ***** 97.75 90 00 90.25 SNCF8V.84 EIB8W88 EIB8V.93 EC8C8385 EuroflmaSSSS EIB308 words
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Article51 1978-03-23 4 AUSTRALIA NZ exchanges quotes on AU8TRALIA: US dollar 1.1406/ 1 1357 Sterling OOOZ3/ 0 9063 Ninety-day air mall buying rates: Sterling 0 6106 US dollar 1.1706 Ninety-day forward buying rates Sterling 0.6010 US dollar ***** NEW ZEALAND Sterling 0.6106/ 0 63M US dolwr 1 0*71/ 1.0171 US dollar l51 words
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Article60 1978-03-23 4 ZURICH exchange* cloeinf quote* on Mar 21: US 1 9406-9423 SteHtnf 3 6817—8865 CM 1 7236—7263 D Mk 94 7047—8486 D r I 8S 5266—6764 F Ft *****2—4179 B FT 6 0878—0879 D Kr >4 4384—4791 N Kr 38.2188—2877 S Kr 42.0248 —8819 Lit 0 2288—2268 Aux tch 1360 words
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Article251 1978-03-23 4 AGAINST several major currencies in thin opening trading ahead of the Easter holiday, the dollar edged down slightly from overnight levels. The drift away from early levels was possibly on profit-taking after the dollar's somewhat steadier tone in recent days, dealers said. The dollar slipped to 2.0450/65 marks from251 words
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Article67 1978-03-23 4 THE AVERAGE prime rate of banks in Singapore stands around 7 per cent, with the range running between 6H per cent and 7V* per cent. Oversea-Chinese Corporation is at the lower end of the range while a number of banks, including Citibank, are grouped at the top67 words
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Article223 1978-03-23 4 TUESDAY'S dollar finished slightly weaker against major currencies In another day of quiet trading. Dealers said rates again fluctuated In a very narrow range as some operators hesitate to take positions ahead of the Easter holiday and many confine themselves to book-squaring operations. The Swiss franc edged up223 words
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Article120 1978-03-23 4 AFTER opening higher reflecting its overnight firmness abroad, the dollar fell to 230.30, but recovered to 231.00 as Japanese banks covered Import settlement needs. The higher level, however, Invited traders and manufacturers to sell forward dollars to cover export contracts, taking the dollar lower again before It recovered to120 words
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Article110 1978-03-23 4 YESTERDAY, the US dollar closed slightly harder against major currencies in slow trading with most operators reluctant to open fresh positions ahead of the approaching Easter holiday period. Dealers said the dollar was quoted at 2.0455/70 marks compared with the 2.0435 New York mid-point overnight, at 230.80/95 yen against110 words
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Article40 1978-03-23 4 THE Monetary Authority of Singapore invites banks and discount houses to tender for a total of SS3O million, 91-day Treasury bills to be issued from Mar 27 to 31. Each tender must not be less than <250,000.40 words
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Article56 1978-03-23 4 Euro rates LONDON Eurodollar deposits openin, quotes on Mar 22: premlfht and Thursday/ Tuas 7. 6-7/S Tuea/Wed and Seven days fix and notice 7. 9-7/9 One mtfi 7-7/16, 7-9/16 Two mths 7-3/16, 7-1/16 Three mths 7-9/16, 7-3/16 i? ur J 1 mOM 1/s 7 BUc mths 7-5/8, 7-1/2 Nine mths56 words
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Page 4 Advertisements
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Advertisement181 1978-03-23 4 WOLSEY HALL'S PROFESSIONAL and BUSINESS COURSES direct from FEDERAL PUBLICATIONS HOME STUDIES DIVISION PROFESSIONAL EXAMINATION COURSES BUSINESS COURSES Institute of Administrative Management An Introduction to Business Studies Institute of Bankers Business Management Institute of Chartered Secretaries and Commercial Computing Administrators (Courses for the new 1975 examination syllabus available soon) Institute181 words
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TRANSPORT
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Article, Illustration575 1978-03-23 5 CHAN BONG SOO - By CHAN BONG SOO THE competitive edge of Singapore's exportoriented industries will be enhanced further with the recent introduction here of a new air freight container service. Importers, too, will benefit from It. It is claimed that, depending on the destination and the quantity575 words
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Article176 1978-03-23 5 Reuter. THE FAR Eastern Freight Conference, the Europe/ Japan and Japan/ Europe Freight Conferences, the Philippines/ Europe Freight Conference and the Sabah, Brunei and Sarawak Freight Conference have announced changes in the currency adjustment factor (CAF). The following are the new rates with current CAF inReuter. - 176 words
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Article, Illustration401 1978-03-23 5 EXPECTED SAILINGS TODAY KEPPEL WHARVES Cherry Vilja (B. Barge) (after Ocean Supply sails) 48 Hoegh Elan (hauls for T/L after Jurata sails) 35/36 Ibn Alhaitam (2359 after Quirinale) 47 Kum Shan (2300 after Westmorland) 38/39 Nedlioyd Merwe (0600 after Santiago Del Estero) 8/9 Nikolay Morozov (D/L) (after401 words
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Article197 1978-03-23 5 AP. AIR France Joined the parade of airlines cutting prices on the trans-Atlantic route on Tuesday with a proposed Paris-New York round trip ticket of US$323 (*****). If approved by US and French authorities, the new round-trip fares on regularly scheduled mid-week flights will beAP. - 197 words
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Article705 1978-03-23 5 Reuter. INDEPENDENT oU tanker owners plan to set up a special tanker chartering company to organise future orderly marketing of large ships, and possibly even to help lift depressed freight rates. Nordic tanker sources said the aim of the company would be to reduce theReuter. - 705 words
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Article175 1978-03-23 5 AP. THE FIRM rate tone on the London freight market consolidated on Tuesday when the March-April loader, Maersk Cadet secured the better figure of U5522.50 (5,000 tons discharge free) for St 19-20,000-ton Argentine grain shipment from the River Plate to Japan. Glenas provided the only Interest on aAP. - 175 words
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Article654 1978-03-23 5 ARRIVALS Service Local Operator Number Time From MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL GIA GA980 1030 HLP CPA CX710 1035 HLP SIA SQ103 1045 KUL SIA SQ209 1045 HLP GIA GA944 1055 PKU GIA GA908 1100 MES MAS MH605 1100 KUL PAL PR501 1125 MNL654 words
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Page 5 Advertisements
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Advertisement821 1978-03-23 5 COMMERCIAL DISCOUNT COMPANY LIMITED (Incorporated in Singapore) BALANCE SHEET 31ST DECEMBER 1977 SHARE CAPITAL (Note 2) Authorised Ordinary shares o* SSI each Issued and fully paid Ordinary shares of S$ I each Issued capital Ist January 1977 Issue made on I st September 1977 REVENUE RESERVES General reserve Profit unappropriated821 words
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Article450 1978-03-23 6 THE Post Office Savings Bank has for some years now been a thorn in the side of commercial banks. Its success in attracting deposits has undoubtedly contributed to raising the cost of funding for commercial banks, and this quite naturally, has resulted In cries450 words
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Article376 1978-03-23 6 HARDLY A day goes by without there passing across our desks confident forecasts that a rise In interest rates is imminent. Nearly all of those prognostications, however, come from the tame economic or statistic departments of banks and pseudo-banks. It Is perhaps no surprise that such376 words
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Article, Illustration2977 1978-03-23 6 BRUCE STOKES - THIRD WORLD COUNTRIES CANNOT DEPEND ON OTHERS TO PROVIDE THE US$47 BILLION NEEDED TO MEET BASIC NEEDS. THEY MUST TURN TO SELF-HELP AND DECENTRALISATION By BRUCE STOKES THE KEY to meeting basic human needs is the participation of Individuals and communities In local problem-solving. Some2,977 words
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Article733 1978-03-23 6 Case study the housing dilemma THE STREET sleepers of Calcutta and the destitutes living In the Paris subway shock the sensitivities of people who sleep In a bed each night. In every society, however, these unfortunates are the exception. Most people, no matter how low their Incomes, find a way733 words
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Page 6 Advertisements
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Advertisement560 1978-03-23 6 MS Orchard Road, S'pore 9. 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) open till 2.00 a.m. Coffee Shop Our Quick560 words
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Page 6 Miscellaneous
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Miscellaneous62 1978-03-23 6 WEATHER WEATHER outlook for Singapore from 6 a.m. to noon today: Generally fair Report for 24 hours prior to 7.30 pm on March 22 at the airport. Maximum Temperature 31.6° C Associated Humidity 66 Minimum Temperature 24.0° C Associated Humidity 97 Hours of Sunshine 2.45 Rainfall in Millimetres 12.3 Total62 words
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Miscellaneous271 1978-03-23 6 SINGAPORE 5 3.00 PM Opening announcements followed by Window (Chinese-Re-peat) 0 3.30 Diary Of Events (Chinese) 3.35 Eight Heroes Of Shou Lin (Repeat) A Mandarin drama serial 0 4.20 Intermission 6.00 Opening announcements followed by Lassie A Time For Decision 0 6.30 News in Brief 0 6.35 Warna Warni (Malay-Repeat)271 words
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Article, Illustration1274 1978-03-23 7 CHARLES CHAN - By CHARLES CHAN MAY is the most festive month in Manila. It is the month when families make their traditional trek to Antipolo, a town at the outskirts of the city, to pay homage to the miraculous Virgin of Antipolo. It is1,274 words
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Article447 1978-03-23 7 MOST of us lie about our age downwards but in Vllcabamba Ecuador, elderly villagers have been caught out lying through their teeth, upwards. One fellow who told an American anthropologist he was 127, was found to be In fact only 92, a "92 year-old" was 103447 words
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Article1092 1978-03-23 7 FOBUHi r ...0D industry i By FRANCOISE DUMOUSSAUD SINGAPORE Is an Important trader in timber in spite of its lack of forest resources; this Is due to its strategic position and also to the excellent warehousing and shipping facilities It offers the best In South-east1,092 words
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Page 7 Advertisements
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Advertisement320 1978-03-23 7 R. 5 >. LI HOTEL ASIA I- 37 Scotts Road, Singapore 9 Tel: *****8 CHEQUERS HOTEL 418 Thomson Road, Singapore 1 i Tel: *****/7 HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scotts Road, Singapore320 words
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Page 7 Miscellaneous
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Miscellaneous23 1978-03-23 7 BriStcW: FrankDickienS jowes »s cweß tMfe£e TpvtVCtC, TO wfc w»ows.. v "*U£ Ofe UMO LOOKS ft S IF Me'S 6G£M Socmen OF F*J23 words
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INTERNATIONAL STOCKS MARKETS
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Article707 1978-03-23 8 Tokyo INVESTORS' Increasing caution caused the Tokyo stock -market to open rather weak. However, It began to rise moderately as Investors gained Confidence that the yen was steadying on the Tokyo foreign exchange market Spearheading the gains were high-priced Tight electrical Issues such as Pioneer. Sony and TDK707 words
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Article473 1978-03-23 8 Source: Sun Hung Kai Sec Ltd. WITH WALL Street's sudden drop and Easter holidays drawing closer, investors yesterday adopted a cautious attitude in the morning. Prices began to firm up. but some heavy profit-taking stopped the market from making much headway. Brokers were pleased with Anderson Asia's results, butSource: Sun Hung Kai Sec Ltd. - 473 words
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Article349 1978-03-23 8 PRICES moved as uranium stocks received a minor boost yesterday. Pancontinental closing sixty cents up at A 59.50 and Queenstand Mines gaining 10 cents to $1.70. BHP eased four cents to $5.60 during early trading, but recovered to close unchanged at $5.64. Finance groups were mainly steady 1 banks349 words
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Article156 1978-03-23 8 THE market closed narrowly mixed with oils and commercials posting slight gains while malnlngs declined yesterday. Turnover fell to 2.13 million pesos from Tuesday's 2.60 million. Oriental and Basic Petroleum gained two points each while other oil issues remained st6&dy< San Miguel and PLDT increased one point each while156 words
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Article143 1978-03-23 8 MAR 22 Asia Fibre Bangkok Bank Bangkok InvesI Bangkok-Metr< polltan Bank Bahts 271 -4 38.1 -4 t. 366 -12 DBata 805 -5 Berll Jucker CarpetIntnl Charoong Thai 498 -2 381 -7 Dumex Dusil Thani Faber Merlin Ftrst Trust we -8 Genera Finance Indo-Thal Industrial Finance Corp .1005 -20 J143 words
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75 1978-03-23 8 INTERNATIONAL Combustion Australia Ltd of Sydney has signed a US$3OO million trade credit to help finance construction of the Loy Yang "A" power station. Westdeutsche Landesbank Girozentrale said as leader of an international hanking consortium whio£ arranged the deal. The credit will allow75 words
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Article66 1978-03-23 8 A SYNDICATE of 21 Japanese banks and other financial institutions signed a 10 billion yen. 10year loan in Tokyo for Autopistas del Atlantico Concesionaria Espanola SA, Long Term Credit Bank of Japan Ltd said here as syndicate leader. The loan at a fixed but unspecified interest rate is66 words
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Article38 1978-03-23 8 THAILAND'S 50 million mark five-year private placement will carry a 6.25 per cent coupon, lead manager Dresdner Bank AG said. The placement is Thailand's first ever Eurobond and was signed here by Finance Minister Suphat Sutatum.38 words
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Article36 1978-03-23 8 A GROUP of 21 banks signed an agreement to provide US$2OO million for the Industrial Credit Bank of Iran to finance industrial development projects In Iran, joint lead manager Chase Manhattan Bank said.36 words
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Article32 1978-03-23 8 THE 200 million mark seven-year loan for the United States of Mexico will have a 6 per cent coupon and is expected to be priced at par. bond market sources said.32 words
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Article410 1978-03-23 8 FA ROVE AS MARKETS >. u MOST bourses reported mixed trading on Tuesday. In Frankfurt shares closed well maintained in fairly quiet trading as dallv newspapers resumed normal publication following a solution to the industrial dispute which stopped production for six days. Stores firmed, while in otherwise little410 words
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Article238 1978-03-23 8 MAR 21 PU ABN 346 00 +0.5 Ahold 100 00 unch Akzo 22 50 ♦0.1 AMEV 79 50 -14 Am fas 108 00 -0.7 Amrot Bank 74 90 -0 1 Bergoss SO 00 -0.1 Berk 98 00 -0 2 Bols 69 70 -0 5 Borsuml) 139 00 ♦0.5 Burhmann238 words
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Article103 1978-03-23 8 MAR 21 Lire Ante 120 -•5 Assoc Gen ***** -435 Raslogi 470 -43 Ontrale .1650 -60 Kiat 1990 -21 FiniMrr 77 50 -4 5 Gen Immob 80 -IS IKI Pn 2160 -40 Ilalcementl ***** -390 Italgas 650 -1 Italsider 132 -3 M.uneti M Pf .389 -7 M.irelliErc 178 50103 words
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Article237 1978-03-23 8 MAR 21 Dm Ael-Telefunken 87 50 Akzo 21B Allz Leben 620 unch AilzVers 487 unch BASK 139 60 *0.5 Bay H T Wbank 282 -0 8 Bay Vhank 315 -0 3 Bayer 130 80 0.5 BBC 295 50 15 BMW 224 50B 1 Cassella 376 unch hem Verw 225237 words
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Article291 1978-03-23 8 MAR 21 Frs CORBEILLE Alr-Llqulde 283 unch B S N Oervals Danone 429 -S CS F (ThomsonCsf) 192 SO -0.7 Cie Francalse des Petroles US -4.2 Compagnie Financier* 1 Compagnie 345 Generale -7 Credit Foncler I> France 325 -S Harhette i Lihrairiei 114 5.2 Machines Bull 34 -0 5291 words
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Article181 1978-03-23 8 MAR 21 Francs Actions Suisses 269 ♦3 Alusuisse Br 1240 unch AlUSUlSSe Reg 552 ♦2 Brown Boverl Br 1675 25 Ciba Geigy Br 1230 50 CibaGetgy PC 925 50 Ciba Geigy Reg 661 Credit Suisse Br 2330 50 Credit Suisse Reg 460 ♦8 Flektrowatt Br 1660 10 George Fischer181 words
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Article91 1978-03-23 8 MAR >1 Frs FORWARD MARKET Arrc 212 Arbed 2200 -70 Astur 518 -24 Brascan 431 •fl Bru-Lamb 1432 -16 Canpac 489 +8 Cock 350 -8 De Beers 165 •1 Ebes 2370 ♦20 Electrobel 6100 unch Gb-Inno-Bm 1855 10 Gev 1238 -8 Hobok 2190 -S Petro Ryl Dutch 1915 *3091 words
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Article233 1978-03-23 8 MAR 21 Rand INDUSTRIALS Ahercom 148 l AEAnrtCl 220 5 A MIC* BOOB Kir lows 327 Ck Sugar 600 -25 CNA 110B unch urne Finance 62 unch Ik BeersInd 820B Edcon 160 unch Edgars 2000 Eveready 175S KedVnlk 137 unch Kuglt 75 Gardlan 168 *3 (iienanl a (Sratemn 160B233 words
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Article1056 1978-03-23 8 NEW YORK THE stock market retreated, yielding to proflttaklng after three consecutive advances. Trading was active. The Dow Jones Industrial average dropped by more than 10 points, surrendering all of last week's 10.04 advance. Analysts attributed the decline to heavy liquidation of big-name Issues by institutions1,056 words
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Article1552 1978-03-23 8 March 21 On the Chicago Board Options, a total of 98,355 contracts were traded on Tuesday compared with Monday's iia IRA L8./M. OPTION APL JLY OCT STOCK Alcoa 40 13/16 21/4 3 40 5/8 Alcoa 45 1/8 7/8 11/2 40 5/8 Alcoa SO UNTRD NOL NOL 401,552 words
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Article205 1978-03-23 8 MAR 21 C* 4•/• rtbitibi 12* Alcan 27S Algoma IS unch Bank Mont 18* Bank Nova Scotia 10* Bell Tel 53% Beth Corp BP Can Ltd IS* Brasc&n 15* Camp Red Lake 34* 4-* Can Imp Bk 28* unch Canpar 17* Canpac Inv Pf 18B unch Carllng O Keefe205 words
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Article66 1978-03-23 8 FINANCIAL TIMES INDUSTRIALS Tuesday 466.3 Monday 458j6. Week Ago 460.4 DOW JONES AVERAGE INDUSTRIALS Tuesday 782,82 Monday 773 82 Week Ago 762.96 LONDON DOLLAR s PREMIUM Tuesday 98 to Monday 95'. to 96 H.K. HANG SENG Wednesday 435.27 Thursday 434 57 Week Ago 418.42 SYDNEY INDUSTRIALS Wednesday 39366 words
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173 1978-03-23 8 Reuter MERRILL LYNCH and Co I-nc said In the annual report that its share of public New York Stock Exchange round volume fell to 9.7 per cent last year, compared with 10.2 per cent in 1976. Merrill Lynch said Institutions last yearReuter - 173 words
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Page 8 Advertisements
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Advertisement167 1978-03-23 8 COLLECTING Oriental Antiquej ra r I Owtm^Atw 0^ l 'W L*f 7\ r by Judith Moorhouse and Dries Blitz Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive167 words
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INTERNATIONAL COMPANY NEWS
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735 1978-03-23 9 NORTH AMERICAN COMPANIES Reuter. NYT. IN A move to raise funds to finance an ambitious capital 1 mprove men t programme over the next five years, the Chrysler Corp. will ask shareholders to approve the issuance of 20 million shares of preferred stock and 40 millionReuter.; NYT. - 735 words
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112 1978-03-23 9 UNION OIL Co of California said It plans to build a US$lOO million experimental oil shale project if Congress enacts proposed federal assistance for an oil shale Industry. The project would be located on a 8,000 hectare block of oil shale lands north112 words
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Article320 1978-03-23 9 GULF Oil Corp said Its chemical business, which was sluggish in 1977 will continue to be a problem. Gulf Oil's worldwide chemical operating profits fell to US$75 million (*****.5 million) last year from $182 million in 1976 as a result global overcapacity in the petrochemical320 words
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Article444 1978-03-23 9 EUROPEAN COMPANIES MODO, the Swedish pulp and paper group, slumped Into the red last year with a pre-tax loss of 229 million kroner and expects to make a further loss in the current year. The 1977 deficit is less than the 250 million kroner444 words
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Article139 1978-03-23 9 Reuter IMPERIAL Group Ltd trading results for the first three months of the current year from November 1, 1977 were at a lower level than in the corresponding year-ago period. Chairman John Pile told the annual meeting he expects this trend to continue as an immediateReuter - 139 words
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Article34 1978-03-23 9 THE French commercial vehicle firm Renault Vechicules Industriels (R--VI) has obtained two loans each of US$2O million on the international capital market. Both are to finance part of RVl's 1977-82 investment programme.34 words
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Article76 1978-03-23 9 A COMPACT transmitter for sending flashes of laser light through hair-thin glass fibres has been invented by researchers for the International Business Machines Corp. It is regarded as a major advance in fibre optical means of communication. display and printing. The patent was granted this week to these76 words
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182 1978-03-23 9 Reuter. LYKES Corp said Its cash position has worsened since a previous announcement of a merger with LTV Corp. But barring unforeseen developments Its overall financial position is adequate to carry the company through until completion of the merger on the present time schedule, withReuter. - 182 words
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119 1978-03-23 9 Reuter. PACIFIC Gas and Electric Co said its Natural Gas Corp subsidiary entered into a general partnership with five other US natural gas companies headed by North-West Alaskan Pipeline Co to work on the Alaska highway pipeline project. The partnership, Alaskan Northwest Natural GasReuter. - 119 words
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Article516 1978-03-23 9 PRELIMINARY 1977 figures from L.M. Ericsson show as expected that the Swedish telecommunications group succeeded in reversing its 1976 profits slump. Pre-tax earnings grew by over 35 per cent to 553 million kroner (***** million), giving net adjusted earnings of 12.35 kroner a share against 10.5516 words
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Article374 1978-03-23 9 EXTERNAL SALES for 1977 by Smith and Nephew Associated Companies rose by 12.2 per cent from £145.48 million to £163.18 million, or by 15.7 per cent to £168.35 million at 1976 exchange rates, and pre-tax profits were lifted by 23.4 per cent from £14.05374 words
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Article277 1978-03-23 9 ASIAN COMPANIES Reuter. WHEELOCK Marden revealed unaudited consolidated net profit before extraordinary items of HKS36.B million (5518.4 million) for the six months ended September 30. 1977 compared with $30.6 million previously. Interim dividend on A shares were 5 HK cents (same). B shares 0.5 cents (same),Reuter. - 277 words
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284 1978-03-23 9 UPI. MATSUSHITA Is to market two new low-priced models of its VHS system VTR's at the end of this month. One is the "McCloud 55" for home use, and the other Is the "McCloud" for business use. These models' basic performance is similar toUPI. - 284 words
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Article41 1978-03-23 9 AFP HITACHI Shipbuilding and Engineering Co., a major Japanese shipbuilder, will send an 11-member mission to China. During Its 10-day stay in China, the mission, led by vice-president Toshllchl Yuguchl, will exchange views with Chinese officials and experts. AFPAFP - 41 words
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Article95 1978-03-23 9 THE Manila Banking Oorp said it will increase paid up capital to 175.20 million pesos from 146 million by declaring a 20 per cent stock dividend later this year. Chairman OU Puyat said this is in anticipation of the Central Bank requiring commercial banks to increase their95 words
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Article89 1978-03-23 9 Reuter. HONGKONG Electric Holdings Ltd said it had unaudited consolidated net profit for last year of HK5196.62 million compared with $135.4 million previously. Earnings per share were 52 cents (36.) The company earlier declared a final dividend of 16 cents (12), making a total for theReuter. - 89 words
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Article211 1978-03-23 9 Reuter. JAPAN'S Kawasaki Steel Corp. has signed a memorandum with Brazilian and Italian staterun steelmakers for construction of a steel mill with an annual production capacity of 3 million tonnes in Tubarao, Brazil. According to a Kawasaki spokesman, the memorandum signed in Brazilia, calls forReuter. - 211 words
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Article166 1978-03-23 9 Reuter. ANDERSON Asia (Holdings) Ltd of Hongkong revealed final 1977 dividend of HKI2 cents (11), making a total of 20 cents (15). The company also proposed a one for 10 bonus issue. Books closed on April 29 to May 12. The company is a Hutchison Whampoa LtdReuter. - 166 words
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Article137 1978-03-23 9 THE CONTINUING boom in Hongkong's tourist industry is reflected in Hongkong and Shanghai Hotels' performance for the year to December 31, 1977: unaudited net profit is up from $HK29.02 million to $35.52 million (5514.5 million to $17.8 million) and the final dividend is 37 cents a137 words
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Page 9 Advertisements
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Advertisement240 1978-03-23 9 SS»ST m m E R tea A I Si I i 5K m m n a mi n ?v> 11* uu m 'M m a Mr v> ce p> ps* s* A r -N A."* A 4t A well-read person is a well informed person. That's why he can always240 words
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DEALS DONE ON THE SES AND THE KLSE
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Article1573 1978-03-23 10 P rtces officially business in and ■[•Ported to the Stock Exda i a P ore yester- k? the number of Jf*ded shown in IoU of 1 000 units "Pitted AH Time Settlement Contracts after the world Blg Board deal (In lots units) are quoted *fter the letters 88.1,573 words
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Article287 1978-03-23 10 4 3/4% 1/5/79 (250,000) (100.65B) 5 1/4% 15/10/79 (250,000) (101 20B) 4 3/4% 15/9/80 (250,000) (99.758 99.905) 5% T F 15/4/81 (250,000) (101 80B) 5% T F 15/10/81 (250,000) (101.70B) 5% T F 1/5/83 (250,000) (100.158 100.255) 7 1/4% 15/4/86 (250,000) (100.60B) 7 1/4% 15/10/86 (250.000) (100.60B) 7287 words
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Article44 1978-03-23 10 STRIKING prices of U>e 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. Sime Darby (March $2.75) (1.10S). UOB (March $2.55) (0.455).44 words
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Article149 1978-03-23 10 SINGAPORE UNIT TRUST INCOME BOND UNIT I Manager!' pricea for Mar 23) (Current pricea) The Commerce 1.85 196 INCOME BOND 1.10 1.17 The Saving Fund 106 1.12xd S pore Prog Fund 0.86 0.91 MARA BUMIPUTRA FUND S'pore Security (Managera' pricea for Mar 23) Fund 1.70 1.80 First Bumiputra149 words
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Article1642 1978-03-23 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number el shares traded shown In brackets In lots of 1,000 inlts unless otherwise specified. INDUSTRIALS Aama (1.728 1.755) (1) 1.72. Ajinamata (2.498 2.528). Alaam (2.858) (2)1,642 words
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Article424 1978-03-23 10 Ex Data Beaks Class Dale payaMs Tstal %m ths year TataJfcr PMHaPluWtw 12.5% Ml Mil Iter 23 Will 10% Mar 14 MiMI HtrX UhBmt 0%<d) Maris Mar 23 MarSl Taipta«Csa*elMe<e4 15%<n) MarS Mar 15 MarSl ■sate 15%<n) MarS Mar IS MarSl ■MM 20%<n) MarS Maris MarSl Aaatral AaaL424 words
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Article2393 1978-03-23 10 1977/U78 High Low Company Last Sale +OTGr's Dh- Dfr Cn Gr's YTd Nat P/E Vol C666) Day Hick Low SECHON ONE INDUSTRIALS 170 280 126 202 88* 247 189 291 422 140 132 165 58 212 57* 155 144 182 350 91 Acma Alcom Allied Choc Bata2,393 words
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Page 10 Advertisements
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Advertisement119 1978-03-23 10 For a Successful BANKING Career "hi pta IItRA MA I IiSCRI NEI I study with Wblsey Hall for the Institute of Bankers CONVERSION COURSE Successful candidates of the Conversion Course will gain direct entry to the Institute of Bankers Part II or Stage II examinations leading to the Banking Diploma119 words
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Article, Illustration699 1978-03-23 11 -SINGAPORE RUBBER shares generally saw another day of easier trading while the rest of the Singapore Stock Exchange was steady to firm yesterday. Activity continued on a high note with aggregate turnover of 4.47 million units worth $9.54 million transacted, compared with Tuesday's volume699 words
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586 1978-03-23 11 A STEADIER trend In the Industrials and a slightly weaker plantation sector were the main features on the Kuala Lumpur Stock Exchange yesterday. For the industrials, operators' attention was focussed mostly on the blue chips and glamour stocks which enjoyed fairly strong support to close586 words
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COMPANY NEWS
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Article, Illustration770 1978-03-23 11 MANO SABNANI - By MANO SABNANI THE BOARD of London Sumatra has pulled out the trump card in Its efforts to thwart a £17.5 million takeover bid by a UK-based consortium. It has Just been revealed that the net asset value per London Sumatra share is 270p770 words
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Article644 1978-03-23 11 DISSATISFIED with General Lumber's reply to its second letter relating to the company's recent purchase of assets of Federated Kilning and Exporting (FKE), the KLSE has sent the company a third letter demanding that it immediately furnish the additional information which it refused to644 words
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Article238 1978-03-23 11 YEO Hiap Seng (Malaysia) Is puzzled by a letter currently circulated to the press and the stock exchanges of Kuala Lumpur and Singapore alleging small shareholders' Inability to participate In a recent share issue of the company. Although the letter mentions a MSI2 million issue, It probably238 words
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Article146 1978-03-23 11 THE notes of the Republic of Panama US$3O million 9 "»per cent 1983 bond will be listed on the Stock Exchange of Singapore from today. Dealings will be on a ready basis only. Interest on this note is payable annually on March 15, commencing from146 words
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Article, Illustration829 1978-03-23 11 ARTHUR NG - BY ARTHUR NG STRAITS Steamship Is sailing high on Its market share price movement as news of an impending bonus issue made their rounds In the Stock Exchange of Singapore for the past week. In Just eight trading days since last Monday, the stock staged829 words
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LATEST RESULTS
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Article35 1978-03-23 11 Pre-tax loss of $788,000 (loss $1.41 million) after interest charges of $1.77 million ($1.69 million) and depreciation of $846,000 for the six months ended Feb 28, 1978. Turnover $15.71 million ($13.47 million)35 words
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Article44 1978-03-23 11 Pre-tax profit of $6.09 million ($4.85 million) for the year ended Dec 31, 1977. Turnover $46.42 million ($37.09 million). New profit of $3.44 million ($3.99 million) after taxation of $2.66 million ($786,000). Final dividend of 15 per cent (10 per cant).'44 words
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Article65 1978-03-23 11 PAN MALAYSIA Management Sdn Bhd has moved to the following address: 15th Floor, WLsma MPI Jalan Raja Chulan Kuala Lumpur 05-10 P.O. Box No. 2324 It can be contacted at telephone Nos. *****9, *****1, *****1, *****3 and *****4 The companies for which it Is acting as registrars65 words
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Page 11 Advertisements
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Advertisement293 1978-03-23 11 U-U I BUSINESS TIMES: Special Feature on Travel S "A Businessman's Holiday With a difference' 9 I ft April, the time of year when people are either travelling i or planning their annual holidays. Y$W Because they are frequent travellers, businessmen \JT are becoming increasingly selective when.it comes to (j293 words
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1160 1978-03-23 12 CONTROLLED FLOATING MAY RESULT Agencies JAPANESE and American monetary authorities are exploring ways of preventing erratic fluctuations in foreign exchange rates in a move that could lead to controlled floating of major currencies. This was disclosed yesterday by Kiichi Miyazawa. Director-General of the JapaneseAgencies - 1,160 words
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165 1978-03-23 12 ACTING Minister for Culture; Ong Teng Cheong, told Parliament yesterday that the Government would consider the establishment of another television station in Singapore by the private sector if it is approached. Replying to Mr. Ho Kah Leong (Jurong), Mr. Ong said that no one165 words
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Article35 1978-03-23 12 Reuter. TALKS today between President Carter and British Prime Minister James Callaghan in Washington will concentrate on prospects of industrialised countries wonking together to imprjpve the world economic situation. British officials said. Reuter.Reuter. - 35 words
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399 1978-03-23 12 Reuter THE German central bank believes there is no need for IMF quotas to be raised substantially as international liquidity has risen sharply recently. The Bundesbank deputy governor, Karl Otto Poehl said international liquidity rose strongly last year with worldReuter - 399 words
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Article197 1978-03-23 12 Reuter. THE International Monetary Fund's gold auctions are now an integral part of the gold scheme and no longer have any great effect on the market, the chairmen of Anglo-Ame-rican Corp Transvaal gold mines said in Johannesburg. In the annual review, Mr. D. A. Etheredge, chairman ofReuter. - 197 words
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Article782 1978-03-23 12 LONDON. Wed. Stock prices closed mixed in dull trading, dealers said. At 3.00 p.m. the Financial Time index was down 1.5 at 464 8. South African gold shares firmed with the higher bullion fixing with gains ranging to more than a dollar among heavyweight producers. Government bonds showed782 words
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406 1978-03-23 12 AFP. THE well-being of New Zealand's three million people in the coming 10 years seems likely to depend on the European Economic Community, comments by senior officials in Wellington indicate. For a long time, this country has been supplying butter, cheese andAFP. - 406 words
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Article523 1978-03-23 12 UPI, AP NEGOTIATORS of Japan and the European Economic Community have narrowed their differences in trade talks to the point that they will be able to end their meeting with a Joint communique, a Japanese government spokesman said yesterday. The disclosure came after Prime Minister Takeo FukudaUPI,; AP - 523 words
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Article114 1978-03-23 12 THE BANK of Japan has no plan to raise the reserve requirement ratios for short-term external liabilities of Japanese and foreign banks in the country at present, its officials said. They were commenting on reports in local banking circles that the reserve requirement ratios may be raised114 words
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556 1978-03-23 12 Reuter. LARGE import needs for rice in coming months are expected to exceed current production in exporting countries, which means they can only be met from stocks. A FAO inter-govern-mental group made this report at its Rome meeting. Tight supplies have already driven pricesReuter. - 556 words
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252 1978-03-23 12 Reuter, UPI. JAPAN has agreed to lend Malaysia 21 billion yen (*****.9 million) to help finance economic development projects. Prime Minister Datuk Hussein Onn said that under the loan agreement the Malaysian government is to submit to the Japanese government a list ofReuter,; UPI. - 252 words
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Page 12 Advertisements
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Advertisement352 1978-03-23 12 r 4 The Whfte Uorrs of Umbavatl J5 1// X y A /c m tftWER AnO U \ll v i /11) u .</,(/ t <• r Y i ®OSDdE (u/ fh hy*fn <il*r e M**l of the wortd. Has more than 2800 Ml ootour drawings and describes each individual and352 words
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Article5260 1978-03-23 13 gCHEPPLB 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 line involved, and the estimated dates of arrival and departure from Singapore port. t Consortiums SeanDutch hs« a Joint service5,260 words
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Article96 1978-03-23 13 ACE (FAB EAST/EUROPE): Franco Belgian Service*. K' Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line ANBO (BTBAITB/AUSTRALIA) Australian National Line. Australia/Straits Container line. Nediloyd Lines. Neptune Orient lines. JUMBO UNI (BTBAITS/ AUSTRALIA): Australia West Pacific Lines. Malaysian International ShipKI Corporation, thern Shipping Lines. MED CLUB96 words
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Page 13 Advertisements
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Advertisement448 1978-03-23 13 THE BEST MO FASTEST WAY TO THE USA IS MAERSK LINE SINGAPORE *****46 K.LUMPUR ***** PENANG *****1 P. KELANG *****0 INDIAN FORTUNE SHIPPING INDIA STEAMSHIP COMPANY. LIMITED REGULAR MONTHLY INDEPENDENT SERVICE TO EUROPE IN 21-25 DAYS KITH MODERN VESSELS CAPABLE OF CARRYING CONTAINERS SINGAPORE PKELANG PENANG LOADING FOB 4 In448 words
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Advertisement21 1978-03-23 13 mLAND DRY/ REFRIGERATED CONTAINER SERVICE NEXT MIDDLE EAST VESSEL WORLD LION V I 40TH FLOOR, HON® LEONG BU&, 11. RAFFLES QUAY21 words
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Page 14 Advertisements
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Advertisement718 1978-03-23 14 SHIPPING IF Hapag-Lloyd FULLY CONTAINERISED TO EUROPE MuniteflanO 19/4 Alctnanma 6/5 •Caltin| Biba# 130 4) FULLY CONTAINERISED TO USA/CANADA P Artanf S port HK 11/5 22/5 15/5 17/5 HK lot Oakland Seattle Anfctes Ticoma Carflijan Bar 23 3 Hatnbvri Eiprtss 24 3 Kit ant Hani Katufi Mara 27 3\ Elb<718 words
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Advertisement778 1978-03-23 14 C 3 SANKYO LINE| AUSTRALIA SERVICE P KeUnj THRtE STAR M/ 31 Mar KYOSEIMARU 30,31 V* MAY SKY 30/31 Mar KYOTEN MARU 14/15 Apr *"it»por» Loading for 27/21 Mar FWM AOEI. MEI. SYD 1/2 Apr FREM.ADEL.MEI 1/2 Apr BRIS.SYO 16/17 Apr ADEI.MEI.SYO MAY BREEZE GIKSHAI AGS MS CONTAINS BOOKING 10*0778 words
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Advertisement553 1978-03-23 14 Customer Service Boo*. .if *****22 Terming Z57OZa3/ *****3/ Go one better to the Middle East PRIORITY BERTHING I DISCHARGE AT ALL PORTS 22?*" sS*™ SUSHID Sf ASIA KM ASM ARABIA VOY 13 »OT 14 »T *0T 16 T MAMA 2/4 19/5 j/7 KAOSHIUNG f/4 23/5 J/7 Ti\ SINGAPORE J/4' 27/5553 words
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Advertisement1097 1978-03-23 14 Everett Lines tegL Iwm Fivt Star 9»i#pw| Carpa. UPk "BURMESE NATIONAL LINE" LOADING FOR RANGOON v HTANTAWTWA JI/31MAR HTONETIM 1/4 APR H f jS C A»nts m M<ilays>o TfPS MALAYSIA P Ketong Tel f3B) 7355 Penong Tel *****/ 675«2 Campania Arfantina Da Ihwwcin httwXiwal S. A. C.I. F. "ARGENTINE NATIONAL1,097 words
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Advertisement432 1978-03-23 14 is m JARDINE —ANTAH Orient Overseas Co*doi*teA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) S pan P. KtUnt Satan LaHaara M'bar| ('dm Ml vessels call Bremerh*«c« after Hambu't FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) FULLY CONTAINERISED TO/FROM US WEST/EAST COASTS, PNW (STRAITS CARGO VIA FEEDER TO/FROM HONG KONG)432 words
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Advertisement1089 1978-03-23 15 OCL Overseas Containers Limited twnmaaip soma n k/cwtwot: NAMBUBS EVHSI OSARA UT BENAVON Mm UK Emus IfTAM UN umi MAM CITT tr EBIMUBCN 24 Mar 2* Mar 14 Mr II l|r 17 Mr (71 MO 17 Mar 70 Mar IB Ayr 22 Ayr 21 Ayr 70 Ayr I Mr BAyr2BAyrlOAyrlSAyr(4Rlar)1,089 words
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Advertisement1425 1978-03-23 15 Ben Ocean A joint service of Ben Una Blue Flmnel Glen Lne and NSMO TB N/CMTINIHT tan) Support P. Kelang Fenang Ei'OM 2/ 4 Apr 11/11 Apr 11/11 t|r II Kq 17/1B Aar It! 11 Apr II M*T 27/2B Apr S/lllil 1/ 4 Mar I Bilbao, Amst, H'burg, Dublin L'pooi.1,425 words
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Advertisement1047 1978-03-23 15 BEN LINE r H BURG BHAVIH I'M turn SfTM S.nppora P. R*Ufl| Germany tarttna Banana franca All U.IL SCMiIWI. HMLICI W Mar 24 K* M Apr Apr li~Mr(T» Mr) 12 Mr MINI MUU IT Mar n Mar 1» Apr a Mr a Apr II Apr IT Apr RAMBRt EIPRESS JMr1,047 words
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Advertisement738 1978-03-23 15 Scan Dutch V EXPRESS CONTAINER SERVI WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA SUEZ Fttder from P. Kelafl| Vessel SELAMOIA FUNCESCA a/ 1 HI MIIIU HUM'I 11/ 4 TOTAMA FUKttu a/ 4 HIIIUI it--1) bfctiNi, bw 2) laititlw II Ortsaa. Irtantma. Ma. Caa S port 1) Ms*.lies 2 Rdam 3) Hkar| 4} Ckwt738 words
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Advertisement644 1978-03-23 15 GUTHRIE BOUSTEAD THE BAMK LOT LTD. IMKmLIItfHU OUVEBANK (Mauritius, Reunion, M'basa. Im, Bam. Durban E.L. ft Capetown) Penan| P 2T/J1 Mar spore la P|/» Mar TISTUNK {Mauritius. Reunion Durban. Mombasa. Tonja D'saiaan I L P f Pwanr P K.lan, II Apr t i-» ij/l| Apr f»o* east $»tmt tnici fm644 words
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Advertisement1016 1978-03-23 16 "K" LINE KAWASAKI KMSN KAItVA LTD. fIRIY CMTAiMKBEI SOTICE 70 EUWPt (VU SOLD S'pore P. Keiang L Havre H'burg Brpme» HONGKONG CONTAINER 3W 31 M* ORIENTAL CHIEF IW 4pr SEVEN SEAS BRIDGE 15* 15 Apr ORIENTAL RESEARCHER IW 22 Apr rraoi larop P. K'lang SEVEN SEAS MIDCE 14E 25 Mar1,016 words
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Advertisement1155 1978-03-23 16 E.C. U-S./L/ATUUmC/GULF SERVICE inmtK Fci/ia cMTtiaus nmi vrm. r. «um mux I Leaping tar NORrOLK NEW TORI MCW OCLEANS HOUSTON y P ft* MM >HWf VISNVA HIMIM (MS* II SCI) Cmi M« J5 26 Mai J? 29 M» 11 Mm "VISUM DHAPMA NISA II SCI) It t| Apr n Apr1,155 words
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Advertisement1097 1978-03-23 16 NEPTUNE ORIENT UNES LTD -FULLY CONTAINERISED SERVICES: TB ENWPE (VU SUB' HONGKONG CONTAINER oriental chief SEVEN SEAS BRIDGE 15 Ayr l( Apr 3 Miy ORIENTAL RESEARCHER JJ Apr 73 Apr II Mat CHEVALIER PAUL !t Apr 21 Mai KtPTUNE CORAL 4 Miy 5 May 22 May NEPTUNE PEARL 14 May1,097 words
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Advertisement812 1978-03-23 16 Malaysian intipnational shipping corporation bcphao TIL* tl *****4. CXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED CONTINENT/SCANDINAVIA own Maw* lutirbi. IM. S) (Ml* Irtm Alia accept,at lataraaduta ur|l U 1 Um. EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT Tg. Mm- Relan( Panar* uli| lan OUNSt 11(1 20/10 Mv I, t lp> <•'W Apr B'oni812 words
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Advertisement804 1978-03-23 16 INTRASEA (PTE) LTD. F .iber House <.i4E a o <c <pi •>■ Tofepho'H' j r <4> M V LOR VI MAY lECIUI INREPENRENT SERVICE TO EBRRPE S pore P. Kelang Penang LaaPtaf Far M» FIMIX li hit SaiM Aarerp/rdam/HTiiM. *M.V. AECIS BALTIC 13 A* I Apr 17 Apr S'ton -'R'dam,804 words
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