The Business Times, 27 March 1978
1978-03-27
1
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The Business Times
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Title Section11 1978-03-27 1 BUSINESS TIMES M.C.(P) No. 218/1/78 MONDAY, MARCH 27, 1978 50 CENTS11 words
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BRIEFLY...
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Article61 1978-03-27 1 AFP JAKARTA, Sun. The American oil company, Natomas, has struck oil In two offshore locations south-east of Sumatra. The two wells, drilled to a depth of 1,280 metres each, produce 2,380 and 4,425 barrels of crude respectively dally. The oil discovery strenghthens estimates about a sizeable depositAFP - 61 words
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Article66 1978-03-27 1 Reuter. MANILA, Sun. Philippine exporters and shippers will have to pay US$2 (554.6) more per revenue ton in freight charges starting April 1. The Philippine Shippers' Council, Shippercon, said the raise in freight charges is necessary because the Philippines-Europe conference has given notice that its currency adjustmentReuter. - 66 words
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Article80 1978-03-27 1 AP MANILA, Sun. Foreign Secretary Carlos Romulo expressed concern today about possible "serious repercussions" to the Philippine Industry from a US Treasury Investigation on whether countervailing duty should be levied on certain Philippine garments and textiles. "The American market is a most Important one for the Philippine garmentAP - 80 words
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Article92 1978-03-27 1 AP NARITA, Sun. Radicals trying to stop Tokyo's new international airport from opening this week used petrol bombs and trucks to storm past police barricades and extensively smashed the control tower's equipment today. Meanwhile, outside the airport, police remained in a standoff with an estimated 30 orAP - 92 words
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Article84 1978-03-27 1 Reuter. MANILA, Sun. The Philippines has introduced a new law under which government workers are entitled to receive a monthly pension of up to 90 per cent of their average monthly salary when they retire at the age of 60. The Government Service Insurance System (GSIS) saidReuter. - 84 words
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Article52 1978-03-27 1 MALACCA,Sun. The State Economic Development Corporation is considering applications from investors to establish about 40 factories here involving a capital investment of more than Msloo million. Disclosing this today, Chief Minister Haji Abdul Ghani Bin Ali said that if the factories materialise, they would provide not less than52 words
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Article74 1978-03-27 1 Reuter. JERUSALEM, Sun. The Israeli Cabinet today unanimously backed Prime Minister Menachem Begin's hardline stance on Middle East peace terms following deep disagreement between the Israeli leader and President Carter in Washington last week. A statement issued after a five-hour meeting said the Cabinet heard reports of theReuter. - 74 words
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Article74 1978-03-27 1 AP DAR ES SALAAM, Sun. A summit meeting of African "frontline" states issued an ultimatum to Britain and the United States today to either publicly back or abandon their own peace proposals on Rhodesia. If they still back the Anglo-American peace plan, said a communique issued afterAP - 74 words
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Article36 1978-03-27 1 Reuter. CARDIFF. Sun. Lovely Denise Hughes, 19, will not appear as Miss pwllgwynglyygogerychwyrndrobwllllantysiliogogogoch in this week's Miss Wales contest A spokesman said: "There might have been trouble finding a sash long enough." Reuter.Reuter. - 36 words
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Article116 1978-03-27 1 THE following list of stocks gives the 10 most traded in on the Stock Exchange of Singapore last week. It gives the turnover in thousands of units, closing prices on Thursday and the high and low for 1977/78. Company Turnover Prices High Low 000 Mar 24 1977/1978116 words
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LOCAL STOCK INDICES
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Article75 1978-03-27 1 Mar 20 Mar 21 Mar 22 Mar 23 Mar 24 tt BTIndex: 679.43 680.06 680.66 681.18 closed Industrial*: 280 29 281.21 282.30 281.02 closed Finance: 452 49 452.39 455.25 454 39 closed Hotel*: 180.71 182.28 183.57 182.55 closed Properties 164.23 164.82 165.50 165.06 closed Tina: 139.74 139.71 139.62 139.5775 words
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Article86 1978-03-27 1 Mar 20 Mar 21 Mar 22 Mar 23 Mar 24 t BT Index: 1005.02 998.95 992.50 983.61 978.65 Industrial*: 310.77 310.63 312.42 311.00 311.22 Finance: 383.94 382.89 381.44 381.96 381.18 Hotels: 187.35 187.45 188.95 188.99 188.91 Properties: 164.36 163.58 164.67 163 69 163.38 Tins: 152.86 152.51 152.49 151.56 153.6586 words
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Article1079 1978-03-27 1 SIVA ARASU - MORE CONSUMED LOCALLY By SIVA ARASU SINGAPOREANS are eating well and abundantly. Rising affluence and the growing population have expanded the output of the food industry and more of the increased output is consumed at home. Singaporeans are now reckoned to spend a quarter of their1,079 words
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Article162 1978-03-27 1 A DIAMOND may be a girl's best friend but it is proving to be a very expensive friend indeed. Spiralling prices have slimmed demands in Singapore after a temporary pick-up during the Christmas and Chinese New Year festivals. Industry sources attribute the rising price to the world-wide shortage162 words
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Article, Illustration741 1978-03-27 1 JOHN TAN - By JOHN TAN SINGAPORE'S Asian dollar market, in the last four years, has seen an imbalance of loans to deposits. Loans have grown steadily but deposits have failed to keep up leading to greater funding requirements from the European and other money markets. This741 words
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306 1978-03-27 1 Reuter MALAYSIAN deputy Prime Minister, Datuk Mahathir Mohamed yesterday assured investors that the government would look closely into interpretations of its policies which had clouded Malaysia's investment climate. Speaking at the 75th anniversary celebrations of the Penang Chinese Chamber of Commerce, attended also byReuter - 306 words
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614 1978-03-27 1 SINGAPORE is the financial focus of Asean and it need not worry about competing financial centres eclipsing it. Singapore said Mr. Mark Buchman, a senior vicepresident of Manufacturers Hanover Trust, is already developing into the region's capital market, as well as Its financial, service614 words
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Page 1 Advertisements
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Advertisement27 1978-03-27 1 Wiyfoong MAF A lending hand when Wayfoong Mortgage you neeu and Finance (Singapore) Limited it lllOSt Shaw House. Ground Floor. 334 Orchard Road. Singapore 9. Tel: *****7.27 words
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Advertisement143 1978-03-27 1 LATEST ISSUE The latest issue of the ASEAN Business Quarterly follows two major themes: The modernisation of rural areas and world markets for toys and games. The former attempts to get at the roots of economic motivation among 80% of the ASEAN population. The latter explores the British, American, West143 words
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Advertisement81 1978-03-27 1 mm FEATURE: Death at a price 2 METALS move irregularly 4 FAIR winds for Neptune Agencies 5 WHAT's in a movie budget YOUTH Symphony Orchestra is worthy of emulation 6 SHIPPING TIMES COURT rules against stiff*?? Kodak 9 OPTIMISM in London market 8 SWEET news for C. Sugars holders 1081 words
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Advertisement135 1978-03-27 1 u Hapag-Lloyd FlHIv containerised to Europe and United States. Regular, reliable and on time. 0 JAL FLIGHT 7\2: THE TOKYO EXPRESS NEW YORK VANCOUVER 'Vsan m FRANCISCO 1 WANGELES I (HONOLULU •SINGAPORE MEXICO CITY i.. t!fa o^Only on JAL can you non-stop to Tokyo, then make convenient connections to U.S.135 words
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Article, Illustration768 1978-03-27 2 SHIRO YONEYAMA - By SHIRO YONEYAMA UPI. AS VETERAN wildlife photographer Akira Uchlyama sees lt,after having visited more than 40 national parks in North America, Latin America, South-east Asia and Africa over a 10-year period during which time he took more than 60,000 photos ofUPI. - 768 words
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Article, Illustration1003 1978-03-27 2 FRED BRIDGLAND - b* FRED BRIDGLAND Reuter A MAJOR effort Is being made In Olen Affrlc, Scotland to preserve the Scot* pine, a tree that Is as symbolic for Scotland as the cedar Is for Lebanon or the slant redwood for California. Scots pines once covered nearlyReuter - 1,003 words
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Article, Illustration788 1978-03-27 2 BILL HARTLEY - By BILL HARTLEY Reuter "NOBODY speaks about death here," says the director of a French funeral parlour. "It Is a private thing and people can spend as much as they like burying their loved ones." Unfortunately, in a time of raging inflation, more and moreReuter - 788 words
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Page 2 Advertisements
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Advertisement163 1978-03-27 2 Mathematics and Statistics in Penguins Lady Luck: Warren Weaver If you are interested or hooked on the elements of chance whether as a businessman, economist gambler or simply a games-player, then you will enjoy and benefit from the many and varied chance-encounters in this book. Statistics in Action: Peter Sprent163 words
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Page 2 Miscellaneous
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Miscellaneous661 1978-03-27 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 4 Just as easily (6) 7 Half finished garment (8) 8 Pressman to ride with? (6) 10 Revealed the way between two points (5) 13 Not the sole word a dog may understand (4) 14 Metal article for a girl (4) 15 The roundsman's game661 words
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OVERSEAS
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974 1978-03-27 3 SWEDEN, a model of economic success since World War 11, has come to realise that the backbone of its economy is disintegrating and the country may have entered a long period of decline. Swedish shipbuilding, steel, iron ore, paper and pulp the economy's traditional974 words
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216 1978-03-27 3 AP A US district court judge has blocked enforcement of a portion of the Carter Administration's new trigger price system to protect the American steel industry from unfairly lowpriced imports. Judge Oliver Gasch Issued a preliminary injunction to prevent the Treasury Department from enforcing theAP - 216 words
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Article87 1978-03-27 3 Reuter. THE southern Chinese province of Kwangtung is making arrangements this year for twice as many tourist groups as last year and is simplifying entry procedures for Overseas Chinese and Hongkong residents, the left-wing Wen Wei Pao daily reported in the British colony yesterday. The newspaper, quoting itsReuter. - 87 words
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585 1978-03-27 3 l THE OIL rolling to the coasts of Brittany, one of France's leading tourist areas, has caused fears of a disastrous impact on the coming summer season. Cancellations have been reported in several places in the region, where tourism and fishing are the585 words
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225 1978-03-27 3 NYT. PRESIDENT Carter has approved an urban policy that would include new Federal programmes costing US$3.7 billion (558.51 billion) and an additional $1.7 billion to the Federal deficit in the form of tax breaks for companies operating in depressed areas. According to Administration officials, theNYT. - 225 words
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WORLD IN BRIEF
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Article377 1978-03-27 3 Agencies. THE GENERAL secretary of the International Federation of Chemical Trade Unions, Charles Levlnson, said in a Cologne radio interview that the US dollar's weakness Is strengthening American multinational companies. The depreciation is enabling them to get more dollars in exchange for the foreign currency earnings ofAgencies. - 377 words
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232 1978-03-27 3 Reuter. THE United Nations Law of the Sea Conference reconvenes in Geneva today. Industrial and developing nations still remain seriously divided, after four years of negotiations, over whether and how to share the sea's riches, especially the mineral-rich modules on the ocean floor,Reuter. - 232 words
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217 1978-03-27 3 Reuter. COAL miner* prepare to return to work today after a record 109-day strike which threatened the United State* with economic chaoa. Following acceptance of a new three-year contract by moat of America'a 160,000 unioniaed minera, Preaident Carter announced that he would aet upReuter. - 217 words
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Article59 1978-03-27 3 Reuter NORTHWEST Alaskan Pipeline Co officials were told to report back to state officials within two weeks with more specific plans if they expect state assistance in building a pipeline. The company has been trying to persuade the state to invest US$l.4 billion (553.2 billion) inReuter - 59 words
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1461 1978-03-27 3 OIL THE ROOT OF DISUNITY IN WEST EUROPE THE NATIONS of Western Europe, having already endured the privations of three oil embargoes over the last decade, are exhibiting a new nationalism In energy policy. While they pay Up service to cooperation through the 19-natlon International Energy Agency or the European1,461 words
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Page 3 Advertisements
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Advertisement830 1978-03-27 3 THE DISCOUNT COMPANY OF SINGAPORE LIMITED BALANCE SHEET AS AT 31st DECEMBER, 1977 S 10,000.000 5.000.000 1.520.000 107.208 1.627.208 141.060.000 2.834,910 180.000 144.074.910 SHARE CAPITAL Authorlsed:10.000,000 ordinary shares of $1 each Issued and fully pald:5,000,000 shares of $1 each REVENUE RESERVES General reserve, note 2Proflt unappropriated 10,000,000 5,000,000 51,780,000 150,428830 words
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RAW MATERIALS
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Article106 1978-03-27 4 TOKYO rubber futures closed the session easy with losses of 0.3 to 0.7 yen on Saturday, while two nearbys recovered 0.3 to 0.7 yen. Dealers said prices remained easy in the wake of Friday's liquidations with trading quiet in view of the Easter holidays. But two nearbys recovered106 words
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Article21 1978-03-27 4 THE Straits tin price in Penang on Saturday fell Mss to $1,510 on an official offering of 181 tonnes.21 words
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Article88 1978-03-27 4 BANGKOK rice prices were as follows on Saturday: (Prices In US dollars per tonne f ob basis Bangkok): Whit* Rice: 100 pet Ist class 437.100 pet 2nd class 422. 100 pet 3rd class 417. 5 pet 408. 10 pet 395. 15 pet 387. 20 pet 382. 25 pet 372.88 words
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Article56 1978-03-27 4 Friday Thunday Melbourne 1) closed 158 60 London .closed 179.50 closed 180 00 Zurich .closed 180 25 closed 181.00 Parts .closed 180.31 i 1 Friday Hongkong .closed closed closed closed Singapore .181 25 closed 182 22 closed Export prices In non-sterling areas in US dollars per ounce (1) Australian56 words
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107 1978-03-27 4 Reuter THAILAND produced U*****.5 million worth of minerals last year, of which $320 million were exported. Industry Minister Kaseme Catikavanij told a meeting of the Mining Association of Thailand that tin was the leading foreign exchange earner among minerals last year with exRortsReuter - 107 words
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824 1978-03-27 4 PEPPER prices dipped to their lowest levels since May last year in a quiet and generally easier Singapore producelnarket last week. There was a distinct lack of buying interest in this commodity and sellers had to resort to offering such prices in824 words
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506 1978-03-27 4 Reuter IN THE heart of the Sahara desert, men and machines are toiling day and night to mine the precious uranium that is bringing new wealth to this land locked African state. Some 15,000 million CFA francs (U5563.2 million) poured into the state coffersReuter - 506 words
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Article1162 1978-03-27 4 AFP COMMODITY prices moved irregularly last week, with early losses being largely regained in front of the long Easter week-end. Gold set the pattern, easing sharply after the government success at the French general election, with base metals following suit as well as coffee (which touched aAFP - 1,162 words
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Article57 1978-03-27 4 CHINA has shown greater willingness to see wolfram ore recently coupled with a more realistic pricing policy, London traders say. But dealers say overseas press reports that China is engaged in substantial wolfram sales are open to doubt. China often withdraws as a seller prior to the Canton57 words
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Article195 1978-03-27 4 Reuter. PRESIDENT of the Chicago Board of Trade Robert Wilmouth said the Commodity Futures Trading Commission (CFTC) is suffering from predictable growing pains and some managerial weakness but these are curable problems. In testimony prepared for delivery before the Senate Agriculture sub-committee holding hearings on reauthorisingReuter. - 195 words
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Article157 1978-03-27 4 THE average cost of copper production at Chile's big four copper mines last year was 47.6 US cents per pound compared with an average sale price of 55.5 cents, a spokesman for the State Copper Mining Corporation, Codelco, said. The average cost Included 24.9 cents for157 words
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165 1978-03-27 4 AP THE drought-stricken soybean crop In Brazil is now expected to yield 1 million to 1.5 million tonnes, about 15 per cent less than last year's record harvest. The US Agriculture Department said on Friday, it has been gradually reducing Its estimate of Brazil'sAP - 165 words
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Article76 1978-03-27 4 THAI rubber exports In January rose to 55,016 tonnes from 11,742 tonnes in December, compared with 55,884 tonnes In January last year, Agriculture Ministry figures showed. Japan was the biggest buyer in January with 32,684 tonnes followed by Singapore with 9,783 tonnes, Malaysia 3,95476 words
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Article480 1978-03-27 4 MANY dealers feel with LME copper wlrebars on Thursday piercing their previous high for the year of t'692 reached early In January prices could rise further. Copper on the London Metal Exchange (LME) closed for the Easter holiday on a firm note with Three Months wlrebars480 words
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MONEY AND EXCHANGE$
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Article142 1978-03-27 4 IN THE international exchange market last week, the dollar held steady but drifted from the peak level of 2.0470 to 2.0350 owing to the Easter holidays ahead. Trading was extremely quiet with many operators reluctant to take up new positions. However, in the Singapore forex market the US142 words
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Article248 1978-03-27 4 Asian rates RATES held steady to firm slightly toward end of last week In thin market conditions. Short dates firmed 1/16% attributed to week covering past the Easter holidays. ASIAN currency average deposits rates for the week ended Mar 23 (Bid Pric m) Hick L«« 7 days 6 IS/16 6248 words
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Article258 1978-03-27 4 Source: International Discount Co. THE continuation of the easy money market from the previous week has resulted In the interbank Overnight funds being traded from 3Vi 3H per cent to a low of Vi per cent last week. Excessive liquidity In the system was thought to be attributed toSource: International Discount Co. - 258 words
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Article434 1978-03-27 4 Source: Swiss Bank Corp (Zurich) IN A short and uneventful week, the dollar experienced an upward movement on the foreign exchange markets against most strong currencies. At the beginning of last week, the dollar even rose to almost 1.94 against the Swiss franc. But when the final US currentSource: Swiss Bank Corp (Zurich) - 434 words
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Article41 1978-03-27 4 THE interbank market was very liquid last week with the o/n rate easing off to 11/2% level on the reporting day and to close 3-2 3/4% towards the weekend. Terms interests were mainly focused on the Twos and Threes.41 words
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Article83 1978-03-27 4 WITH DBS, from last week, and Citibank, from today, both dropping their prime rates to 7 per cent, virtually all in Singapore are now offering the same terms to their beet customers. Oversea-Chinese Banking Corporation still j to CV« per cent while only Chartered sad United Commercial83 words
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Article47 1978-03-27 4 FOR the week ended Friday March 24 the range of call rates received from Short Deposits (M) Berhad was as •follows: BANK FUND 3 per cent to 3tt per cent. GENERAL FUNDS 3 per cent to 4 per cent. Movements of fund totalled $637 million.47 words
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Page 4 Advertisements
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Advertisement161 1978-03-27 4 m Don't let the language barrier stop you from wider contacts U 8 m eVP 4 V* s* W \o e ,o vl <-{> t v^ c va*V* C «z; rv'Mil o e \e 3 <• @r YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travelling in161 words
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TRANSPORT
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324 1978-03-27 5 ROLLS-ROYCE powered 747s will be introduced on the London to Australia via Singapore run this week by British Airways. The first of these aircrart will arrive here on April 3 on its London-Bombay-Slnga-pore Sydney Melbourne return trip. Regular services on that route by RollsRoyce324 words
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Article, Illustration80 1978-03-27 5 ONE of the more unusual shipments to be loaded on board a cargo ship is this Zeiss-telescope, which is the "tallest"' ever to be constructed. It was recently loaded onto a container ship in Hamburg, with its component parts stowed on a 40-foot flat as80 words
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Article665 1978-03-27 5 ARRIVALS Service Local Operator Number Time From SAS SK097 0650 CPH/THR/BKK MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL GIA GA980 1030 HLP CPA CX710 1035 HLP THAI TG423 1035 BKK665 words
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216 1978-03-27 5 Reuter, GREEK shipowners are studying a number of proposals on bow to deal with the slump in the dry cargo freight market and a decision may be reached next week. About 300 greek shipowners held a 90-minute special meeting in Piraeus on Thursday toReuter, - 216 words
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Article68 1978-03-27 5 Reuter HITACHI Shipbuilding and Engineering Ltd said it has won an order from Transportation Maritima Mexicana SA to build an 18,930 deadweight ton bulk carrier. This is the third bulk carrier ordered by the Mexican shipping firm from Hitachi since October. The three vessels cost aReuter - 68 words
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1026 1978-03-27 5 TERESA LIM - NOL'S ENTRY A BOOST By TERESA LIM IF 1977 was a tough year for shipping, Neptune Agencies (NA) has not complained. In fact, there were exciting and revealing developments for the company last year. The excitement was generated by the entry of Neptune Orient1,026 words
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Article, Illustration516 1978-03-27 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Kritl Diamond (after Straat Hongkong) 1/2 Prlnsedam (0600 after Nedlloyd Musi) 3/4 Nedlloyd Westernkerk (after Sangerhausen) 8/9 Stolt Seoul (Tanker) (0500 after Georgl Chlcerln hauls) (Subject gas free P/O) 13/14 Temburong (1300 after Straits Star) 21 East Sumber Tunas VII (1200 req.516 words
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728 1978-03-27 5 A NUMBER of British industrial firms without firm contracts for their natural gas supplies have found themselves suddenly cut off during recent cold spells. This underlines the new importance of this energy source, which until some 40 years ago was considered j little more than728 words
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Article152 1978-03-27 5 SAN Franclsco-based freight forwarder, Novo Transport, Inc. (NTT) last year reported the largest sales Increase in its history. Combined sales of its two subsidiaries totalled U5562.6 million (SSI4S million) up 27 per cent over the 1978 figure. Its subsidiary, Novo Airfreight Corporation turned in a152 words
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Page 5 Advertisements
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Advertisement17 1978-03-27 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Call us for your local or onward reservations17 words
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Advertisement40 1978-03-27 5 M «\%V o'S >** u *Vf :>s xx \V m 1 as v>. s i fc\\ UMiMMIMMMitM BALLY OF SWITZERLAND rifln h THE LEADING srav^ TAILORS STORE OUTFITTERS HIGH ST CENTRE OCEAN BUILDING SUPREME HOUSE GOODWOOD, HILTON, RAFFLES HOTELS COLD STORAGE40 words
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REVIEWS
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Article, Illustration1292 1978-03-27 6 ALJEAN HARMETZ - By ALJEAN HARMETZ NYT. EXPLORING the budget of a motion picture Is like dredging a river, draining a swamp or cutting open the belly of a shark. All sorts of things come pouring out including a few that unexpectedly cause a stink. The average cost ofNYT. - 1,292 words
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Article, Illustration724 1978-03-27 6 JOE PETERS - By JOE PETERS THE YOUTH Symphony Orchestra of Lower Saxony is at the apex of amateur musical organisation in Lower Saxony, having both moral and financial support from the government and the public. Theirs is a model well worth Singapore's careful scrutiny the724 words
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Article494 1978-03-27 6 BROOKE KROEGER - By BROOKE KROEGER UPI THE EIGHT ballet students donned warm-ups and came out onto the practice room floor. All were vying to be soloists of a kind, though none would be performing on stage. They were learning choreology, a method of translating dance or any bodyUPI - 494 words
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Article, Illustration1087 1978-03-27 7 RITA REIF - ■y RITA REIF NYT. GRAPHICS SPLASHED tin cans, awash with brilliant colours and arresting lettering, some of which boast extraordinary shapes are they trivia or a good deal more? Today there are thousands of collectors of such vintage tin cans who insist that this packaging,NYT. - 1,087 words
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Article, Illustration1119 1978-03-27 7 DEIRDRE CARMODY - By DEIRDRE CARMODY NYT WOMAN, eternal woman. Age cannot wither her (not If the cosmetics Industry has its say) nor custom stale her infinite variety. Or, at least, that's what a' number of publishers and would-be publishers are hoping. Woman is being wooed and wooedNYT - 1,119 words
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Article, Illustration588 1978-03-27 7 JOHN WITHEROW - By JOHN WITHEROW Reuter BRITAIN'S seaside piers, those charming relics of a leisured Victorian age, are rapidly slipping beneath the waves. Once Britain boasted more than 80 piers, elegant structures of iron and wood, carrying amusement arcades and stretching hundreds of metresReuter - 588 words
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Page 6 Advertisements
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Advertisement548 1978-03-27 6 m lis sinGapura FORUM HOTEL LrW T. 77' J. 11 HOTEL M Orchard Road, S'pore 9. Tel: 57U22 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 Bar548 words
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Page 6 Miscellaneous
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Miscellaneous790 1978-03-27 6 LEISURE TIME FILMS: "GONE With The Wind" what can one say about the world's most famous film? Starring Vivien Leigh as the fiery Scarlett O'Hara and Clark Gable as the dashing Rhett Butler, this Is the 1939 film that you see again and again and again, and still want to790 words
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Miscellaneous239 1978-03-27 6 SINGAPORE 5 3.00 PM Opening followed by Nallalllam (Tamil repeat) 3.35 Diary of Events (Tamil) 3.40 Afternoon Matinee The Foxes Of Harrow (Part 1), starring. Rex Harrison and Maureen O'Hara 4.40 Intermission 6.00 Opening followed by Land of the Lost 0 6.30 News In Brief 6.35 Marine Boy 7.05 Don't239 words
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Page 7 Advertisements
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Advertisement312 1978-03-27 7 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 CHEQUERS HOTEL 418 Thomson Road, Singapore 11 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, Singapore 9 Tel: *****1 HOTEL GRAND CENTRAL312 words
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Page 7 Miscellaneous
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Miscellaneous26 1978-03-27 7 GOKG. »Hit) mtMHG uiiTyA A BCSTtLfc OF ICOOtOHG S\¥L9#S UfOeß cfess soup, RftMßow T POOttT few COCOTC UMTM SPRWt onions, MftCKeRoN, chese ftND LORTeg. IC6S j26 words
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MARKET REVIEWS
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Article966 1978-03-27 8 GERALD COVERD - LONDON »y GERALD COVERD ALMOST subconsciously the London stock market has begun to cross the bridge of optimism. In the past three weeks it has steadily consolidated a rise In the FT barometer Index of 30 leading equity stocks to salute the approach of the annual Treasury966 words
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Article453 1978-03-27 8 THE STOCK market showed last week that it could not stand even a limited state of prosperity. The Dow Jones industrial average tumbled 11.67 points to 756.50, wiping out the 10-point advance of the previous week. On Wall Street, chronic concern over the dollar has supplanted chronic concern453 words
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Article398 1978-03-27 8 THE holiday-shortened week started on a bullslh note. The market advanced 4.93 In vigorous trade. While most blue chips showed good gains, the market leader HK Bank remained very steady at 17.40 The report that the bank is to take a "substantial equity interest in the USbased Marine Midland398 words
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Article878 1978-03-27 8 GOH HIANG FONG - SINGAPORE By GOH HIANG FONG THE IN ITIAL bullish upsurge gave way to easier trading before Good Friday on the Stock Exchange of Singapore last week. It was one of the most active fourday sessions in the past two years with a dally average volume of 4.45878 words
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Article221 1978-03-27 8 AFP UNCERTAINTIES about the soaring yen forced Investors on the sidelines, sending prices drifting down in relatively slow trading on the Tokyo stock market last week. The Dow Jones average, finishing the holiday shortened five-day week with a modest gain on Saturday, suffered the first weekly loss In fiveAFP - 221 words
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Article647 1978-03-27 8 Ten Tin Weng - ritmfil i ttor 1 w Ten Tin Weng OTHERS The Kuala Lumpur Stock Exchange has, for the third time round, qulrled General Lumber on matters pertaining to the company's recent acquisition of the assets of Federated Kilning and Exporting. The Exchange was discontented with the company's647 words
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Article325 1978-03-27 8 Reuter THURSDAY was the last trading day on the Sydney Stock Exchange ahead of the four-day Easter break and on the last the share price indices made slight improvements, but were down on the week. Brokers were hard pressed to point to major factors affecting the market and saidReuter - 325 words
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Article1051 1978-03-27 8 KUALA LUMPUR AFTER a bullish start on Monday, the combined strains of profit-taking and liquidation by weak holders set in and become the main features at the Kuala Lumpur stocks market last week as prices tended lower in generally moderate to active trading. v Apart from the1,051 words
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Page 8 Advertisements
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Advertisement233 1978-03-27 8 MCCP) 8&1V78 VOL 2 NO 3 MAOCH 1978 PWCE $300 MONTHLY Incorporating Singapore Trad* Industry Subscribe now and get 12 issues of Singapore Business and 1 copy of the Yearbook (worth $6/-) plus a free beautiful slip case at the following rate, surface-mail postage free SMS42/- for subscribers in Singapore233 words
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INTERNATIONAL COMPANY NEWS
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766 1978-03-27 9 NYT BERKEY Photo Inc was awarded U5537.6 million (5585.4 million) in damages from the Eastman Kodak Co on Wednesday by a US Jury that decided Kodak had monopolised much of the amateur photographic business. The amount of damages awarded by the Jury willNYT - 766 words
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Article100 1978-03-27 9 Reuter ATLANTIC Rlchfleld's Capital expenditures this year will be about US$l.6 billion, down from $1.8 billion in 1977 but with a higher proportion of the total spent on oil and gas activities, chairman Robert Anderson said In Chicago after an analysts' meeting there. AndersonReuter - 100 words
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Article115 1978-03-27 9 Reuter DU PONT of Canada Ltd said It delayed the starting up date for Its Csss million polyester yarn plant near Coteau Du Lac, Quebec, due to poor international market conditions. The company said domestic markets are Improving, but the US market is significantly weakerReuter - 115 words
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791 1978-03-27 9 NYT REAL estate in New York is booming today a little like the stock market of the late *****. Everyone it seems, wants to participate in the Investment arena, which takes up to 40 per cent of the nation's savings flow.NYT - 791 words
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482 1978-03-27 9 NYT. A DIRECTOR of the FederalNatlonal Mortgage Association In Washington the nation's largest source of funds to finance housing, has charged that the recently nominated slate of directors for the corporation poses conflict-of-interest potential, which offends basic public policy. > The strong criticism ofNYT. - 482 words
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517 1978-03-27 9 COAL stocks on the New York market have been among the poorest performers in the past 12 months, Mr. Kevin Simpson of Argus Research Corp said. As coal production and profits should experience a healthy rebound now that the strike Is finally settled, he517 words
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867 1978-03-27 9 NYT CITING pressure from the New York Amalgamated Clothing and Textile Workers Union, David Mitchell, chairman of Avon Products Inc, announced on Tuesday that he had resigned from the board of J. P. Stevens Co. The textile union has been waging an unusual campaignNYT - 867 words
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629 1978-03-27 9 CONNECTICUT'S southeastern corner, the Mecca for corporate headquarters in recent years, is entering a new phase of growth In which law firms, accounting firms and other concerns based elsewhere are establishing permanent offices there to serve the corporate giants. In recent months, the629 words
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642 1978-03-27 9 MANY people, it seems, had spotted trouble ahead for the New York Hercules Inc which was part of the Du Pont group until 1913. The company had been suffering from overcapacity in key areas of plastic manufacture, and. in a weak stock market, the642 words
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STOCK MARKETS
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Article451 1978-03-27 9 TOKYO prices closed higher In Saturday In active trading led by Public Works issues with Investors anticipating the government will decide a new business stimulation package later In the day, dealers said. The market average gained 12.62 to close at 5,275.10 with volume 210 million shares. The Tokyo Stock451 words
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Article97 1978-03-27 9 MAR 24 Lire Anic 108 Assoc Gen ***** ♦400 Bastogl 431 +5 Central? 3620 +52 Flat 1900 +20 Flnslder 77 -0 25 Oen Immob 77 IFIPrl 2198 12 Italeementl ***** 10 I taigas «3fl -4 Italsider 128 1.5 Magnet! M Pt 388 -2 Marelll Ere I«fl 75 -8 2597 words
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Page 9 Advertisements
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Advertisement170 1978-03-27 9 Guthrie Ropel Berhad Preliminary Report of results for the year ended 31st December 1977 The audited results of the company and its subsidiary, Hock Guan Seng Plantations Sdn Bhd, for the year ended 31st December 1977 are as follows: Consolidated Profit Less: Depreciation Taxation Consolidated Profit after taxation 1977 ($'000)170 words
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Article811 1978-03-27 10 SUSAN BEVAN - By SUSAN BEVAN STOCK market expectations of a large rise In profits at Central Sugars during the first half of the current financial year were confirmed at the weekend by the announcement of an after-tax result of M 53.07 million for the six months811 words
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1091 1978-03-27 10 GOH HIANG FONG - Market Talk... By GOH HIANG FONG THE OPTIONS BOARD, like an unwanted child, has been neglected In the current bullish run on the Singapore stock market. When trading closed last Thursday, there was no bid, offer or deal quoted for the March and1,091 words
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Article542 1978-03-27 10 Current Ex Books Date Total for Total for payment Date close payable the year previous year Wilkinson 16% Mar 14 Mar 30 Mar 30 24% 20% l lu Benut 6%<d) Mar 13 Mar 23 Mar 31 6% 5% Taiping Consolidated 15%(n) Mar 3 Mar 15 Mar 31 25%542 words
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Article2666 1978-03-27 10 If77/I57H High Low Company Last Sale Week +orGr't Div Div Cvr Gr'» Y'ld Net P/E Week Vol C000) Week High Low SECTION ONE INDUSTRIALS 170 280 I.W 262 88' 247 170 291 422 146 132 165 58 212 57* 155 144 182 350 91 Aetna Alcom Allied2,666 words
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Article510 1978-03-27 10 AFTER a prolonged tussle with the KLSE over the acquisition of the assets of Federated Kilning and Exporting, General Lumber has apparently relented and submitted additional details on the deal. It now reveals that the total consideration of M 53.15 million is made up as510 words
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Article885 1978-03-27 10 NYT US THRIFT institutions are being drained of deposits as alert savers In search of higher yields shift their money elsewhere. The low-risk alternatives are plentiful. Treasury bills, shortterm government lOUff are returning about 6.4 per cent. You can get 7.9 per cent on a Treasury note,NYT - 885 words
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LONDON STOCKS
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Article, Illustration1058 1978-03-27 11 By o Special Correspondent NEWCOMER to the Asian circuit, Terry Gale of Australia today won the Singapore Open golf championships by one stroke to break the Asian domination of the tournament for more than a decade. Gale, 31, playing in the Asian circuit and thepicture by CHRIS LOH - 1,058 words
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Article, Illustration487 1978-03-27 11 UPI NORTH PALM BEACH. (Florida): Equipment manufacturers concede the tennis boom is fading. They don't agree, however, with a recent charge there is mass desertion because of high costs, poor instruction or the inability of novices to become instant stars like Jimmy Connors or BjornUPI - 487 words
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Article, Illustration912 1978-03-27 11 MATTHEW ENGEL - By MATTHEW ENGEL Reuter. LONDON. Sun. Vincent O'Brien and Lester Piggott, the trainer and jockey who dominated European racing in 1977, are set to do it all over again in 1978. The English flat season opened yesterday, O'Brien, perhaps the shrewdest judgeReuter. - 912 words
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Article, Illustration625 1978-03-27 11 UPI. LOS ANGELES: Misha, a toy bear with big ears and shiny black eyes, is the official mascot of the 1980 Olympic Games in Moscow. American Athletes hope he will help pay their way to the Soviet capital. The two menUPI. - 625 words
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1125 1978-03-27 11 The Observer LONDON: In Just two weeks, on April 9, Severiano Ballesteros will celebrate his twenty-first birthday. He will spend the day playing the last round of the Masters at Augusta, Georgia, where It Is the custom for the starter to Introduce each playerThe Observer - 1,125 words
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Article311 1978-03-27 11 UPI I BUENOS AIRES: At the end I of February, a West German engineer offered Argentina $250,000 for the grass pitch I at the stadium where the 1 first and last matches of the 1978 World Cup soccer championships will be played. Officials responded atUPI - 311 words
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Page 11 Advertisements
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Advertisement70 1978-03-27 11 PGF STATUS GOLF BALLS Recommended by Johnny Miller, 1976 British Open Champion. Tl r, First class tennis racquets and shoes from the U.S.A Golf and casual shoes from the U.S.A. Just a few items from our wide selection of world-class sports equipment. Come and inspect the latest range at Also70 words
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973 1978-03-27 12 INFLATION A MAJOR WORRY NYT IN A week's time, the current expansion of the American economy will reach a significant milestone its third anniversary amid growing debate in economic circles on how much longer it can go on. The upswing does not yet seem toNYT - 973 words
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Article452 1978-03-27 12 THE TRAVEL and tourism industry catering to Singaporeans must be booming, judging by the growth rate of travellers going abroad. From 1970 to 1976, the number of Singaporeans travelling increased by one and a half times. Although men still lead in terms of number, women452 words
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Article300 1978-03-27 12 NYT. THE EFFORT by Japanese computer companies to dlslodge their American counterparts, particularly International Business Machines Corp., from domination of world markets is echoed in a controversy surrounding a decision by Australian Prime Minister Malcolm Fraser on a US$23 million (5552.9 million) contract. An officialNYT. - 300 words
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363 1978-03-27 12 Reuter JAPAN'* ministers in charge of economic affairs agreed on Saturday to work out additional emergency import programmes this week to trim the country's huge trade surplus. The agreement came when 12 ministers and three leaders of the ruling Liberal Democratic Party met toReuter - 363 words
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Article91 1978-03-27 12 FROM TODAY, doctors or dentists who wish to conduct clinical trials on medicinal products for human use must apply to the Ministry of Health for trial certificates, according to the Medicines (Clinical Trial) Regulations, 1978. A clinical trial is a study which requires the administration of medicinal91 words
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Article559 1978-03-27 12 TSANG SAU YIN - By TSANG SAU YIN DESPITE the current slump in the shipbuilding industry, there is still demand for supportive marine services like foundries which turn out ship propellers. In fact local demand is adequate to warrant the setting up of another non-ferrous foundry recently. Welcast Corporation559 words
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517 1978-03-27 12 Reuter EFFORTS to set up five major Joint Industrial projects by Asean appear to be slowly making progress through a complex web of economic and technical problems. A recent series of Asean meetings and political rhetoric In all the five Asean capitals pushedReuter - 517 words
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Page 12 Advertisements
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Advertisement185 1978-03-27 12 We're one of Singapore s youngest banks' Considering that the first account, established with us. is just four years old, we have already become a sturdy plant, firmly rooted in our garden city Fertilised by satisfied customers, who entrust their business to us and who come to us for advice185 words
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Advertisement91 1978-03-27 12 7 MS* 3P« T'' tM *t": 3> i mm Gateway to the Middle East From Singapore UTA's DC 10s' fly 3 times weekly to Bahrain, Pride of the Gulf. Whether you are travelling on business or pleasure, Bahrain has the most and best flight connections to ABU DHABI, DHAHRAN, DOHA,91 words
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Article3852 1978-03-27 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 line Involved, and the estimated dates of arrival and departure from Singapore port. t Consortiums Scan Dutch has i Joint3,852 words
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Page 13 Advertisements
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Advertisement514 1978-03-27 13 Scan Dutch V Fast and Regular Service To/From N.C./SCAN/W.MED. Every 10 Days. Singapore: Tel *****, Port Kelang: Tel *****1, Kuala Lumpur T*l. *****, Penang: Tel. ***** r.iLines Inc. (U S A.) OCQirQin Trans-Pacific Service Full Container Service To USA feeder vsl spore mother vsi AVESXL 7/4 nam. 11/4 i HK514 words
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Advertisement431 1978-03-27 13 {>> EVERGREEN LINE RED SEA. MEDITERRANEAN SEA LINER SERVICE ETA S'PORE LOADING FOR: EVER PROMOTER Voy. 13-15W APR 7 JEDDAH, AQABA EVER PIONEER Voy. 14-15W APRS PORT SAID, LIMASSOL LATTAKIA, TRIPOLI (LIBYA) 6ENERAL AGENTS: CHIP SENG COMPANY PTE. LTD., 138. ROBINSON ROAD, SINGAPORE. 1. TEL: *****33 (S LINES) TELEX: RS2I4SI431 words
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Advertisement481 1978-03-27 13 LDC SAGASIA PTE LTD LOUIS COMPANIES! AGENTS FOR:OCEAN SHIPPING UNE REGULAR NON-CONFERENCE SERVICE FAR EAST TO PERSIAN GULF SPORE LOADING FOR > •M V OCEAN DIAMOND 20 Apt Karachi KMrwrnAalw M V OCCAM ACE 20 Mty KaraclN/MincJCß«»ait/BawaA/RMra«»Mw M v OCEAN GLORY 20 km farpc*i/M«cat/l«Nit/tanft/llM<Mhplr OPTIONAL CALLS SUOIECT TO INDUCEMENT TO481 words
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Advertisement25 1978-03-27 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore: Tel *****, Port Ketang: Tel. *****1, Kuala Lumpur Tel. *****, Penang: Tel *****25 words
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Page 14 Advertisements
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Advertisement721 1978-03-27 14 FULLY CONTAINERISED TO EUROPE •CjMM MM (30/4) FULLY CONTAINFRISED TO USA/CANADA fmtm PKttone S'pwt HK M 20/4 6/5 18/5 22/5 15/5 17/* 10/5 26/5 6/6 10/6 1/6 4/6 Lot Oakland Seattle/ Anpln Tk«m Carina* Bar 23/3 Hamtart Eiprnt 24/3 Oulu Bay 30/3 Bwavw 5/4 Maw Han 20/4 Katun Hani 25/4721 words
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Advertisement657 1978-03-27 14 I Q SANKYO LINE) AUSTRALIA SERVICE mt *"WW« iMdinf for THREE STAR 30/31 Mar 28/25 Mar FREM ADEL, MEL, SYD KYOSEIMARU 30/31 1/2 Apr FREM. ADEL. MEL MAY SKY, 30/31 Mar 1/2 Apr BRIS.SYD KYOTENMARU 14/15 Apr 16/17 Apr AOEI. MEL. SYO BANGLADESH SERVICE MAY BREE2E 15/16 Apr 13/14 Apr657 words
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Advertisement682 1978-03-27 14 SEA ,LAND U.S.A./ ASIA SERVICE D«T REFRIGERATED CONTAINER SERVICE SAILING EVERY WEDNESDAY FOR PORTS IN USA CAM AO* CARIBBEAN JAPAN KOREA TAIWAN HONG KONG THAIUNO (NO PHILIPPINES 40TH FLOOR. HONG LEONG BIDG 16. IWFFLES QUIT SING/SPORE 1 Customs Service/ Bookmj *****22 Terminal *****53 *****37 REGULAR RORO BERVIC Go one better682 words
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Advertisement762 1978-03-27 14 Everett Lines Burn* Fhra Star SkipfMf Corpn. Bk "BURMESE NATIONAL LINE' LOADING FN RANGOON HTANTAMYWA HTONETOA P f SS C Aoents .o Moloysio TEPS MALAYSIA Kelong Te) <38)-7355 Pervong Tel *****/ ***** IOADiNC fOK DURBAN CAPETOWN BUENOS AIRES PATAGONIA ARGENTINA Singapore P Ktiwif In Pt/lt Mar C«r\ Trawpofttdon Maritima McxtcanaS.762 words
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Advertisement578 1978-03-27 14 i n m I i i I i r JARDINE ANTAI Orient Overseas Co*dtu*ieA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) Sport P Mini Saton LoHowt HDorj rda* MKONC CONTAINER 9* 1/4 1/ 4 U/4 2*4 22/4 24/4 2t/« ORIENTAL CHIEF IN 9/4 11/4 27/4 30/4 2/5 4/5 6/5578 words
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Page 15 Advertisements
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Advertisement935 1978-03-27 15 OCL Overseas Containers Limited CMfTAINEKSIIP SERVICE TO •K/CONTINOfT: run p. Mai *P—l mine MARU 27 Mar 20 Mar If Apr NIMIIK UPKU S Ml > Mr Mr •SUA BAY 11 Mr '5 Mr 5 May IE NATO N 11 Apr 21 Apr 11 Mar MOM *o*6 EXPRESS 21 Apr M935 words
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Advertisement1333 1978-03-27 15 Ben Ocean A jctrt service of Ben Line, Biue FUnnel Glen Lme and NSMO TO NR/CONTINENT (via SIU) Support P. Kelanf Ftnanf Eurooe 2/ 4 Apr 13/13 Apr 11/12 Apr 11 May 17/11 Mr 21/21 Apr 12 May 27/2* Apr 8 May 3/ 4 Mar Jut BENVANROCH 11/]JiK V4JW 51,333 words
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Advertisement1065 1978-03-27 15 nn BEN LINE CONTAINERS LIMITED H BURG I HAVEN RMM HAVRE SCTON S.nppora P. Kjl«t| W. Germany Uistr.a ttMlul Franct All U.K. ScaMina*i> RHINE MARK 27 Mar Mar NAMIURC EXPRESS 5 Apr I Apr OSAKA SAT 11 Apr IS Apr OENAVON It Apr 21 Apr NONGIONG EXPRESS 20 Air II1,065 words
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Advertisement960 1978-03-27 15 Scan Dutch 9 EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/ SCANDINAVIA Feeder from P. Keiant Vessel NINO* f'ANCCSCA St "to OCJIMA (UANO'A 11/ 4 TOTtMI FRANCESCA 22 4 AORIICAN FRANCESCI J JUTUMIA S pore 1) Msellles 2 Rdam 3! Hburg 4) Gburi 21/ I IS/ 4 M 4960 words
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Advertisement666 1978-03-27 15 GUTHRIE BOUSTEAD SHIPP,NG AGENCIES THE BANK LINE LTD. LOABS FOR E. I V AFRICA OUVEIANK Mauritius. Reunion. M'basa, Tanga. Beira. Durban. E 1., P.E.. Capetown) Penang P Kelang T»j 21 Mar S'pore TESTIANK Mauritius. Reunion. Durban, Mombasa. Tonga D salaam. E L., P.E Capetonm) Penang P Penang 11/22 Mr S666 words
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Page 16 Advertisements
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Advertisement1067 1978-03-27 16 "K" LINE KAWASAKI KMKN KASHA LTD. rauT cwtainouso somec to cmpc oru soez) S pore P. Keltr.i L Havre H'burj Brunei NONGAONG CONTAINER SV 31 Mir 1 Apr 21 Apr 21 Apr 22 Apr QUINTAL CHIEF Iff 9 Apr 10 Apr 31 Apr 2 May 3 May SEVEN SEAS MIKE1,067 words
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Advertisement883 1978-03-27 16 R JUMAOMOV SONS (PT{) LTD Singapore Tai 91 2511 S tint ÜBAIDUILA CO SON BHD T ll Por« Tel JBBi 6 5 R JUMaBMOV SONS (Ml SDN BHD Pmnang T at *****6 8 SINGAPORE ISLANDS LINE MIDDLE EAST REGULAR LINER A SAFE WAY TO SHIP BY SSA SENANG ISLAND unit883 words
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Advertisement725 1978-03-27 16 1 o L NEPTUNE ORIENT UNES LTD I R> a "¥■ll n^^m.:: H SANKO LINE. FROM JAPANESE PORTS AND HONGKONG Agents: C.F. SHARP CO., (M) PTE LTD. S'poreTdfc *****22, P.Keiang Tel: *****9/*****4, Contact Mr. NgChafc Tong Contact Mr. Tao Kim Bang K.L Tat *****0, Penang Tel: *****/3. i STATES STEAMSHIP725 words
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Advertisement774 1978-03-27 16 MALAYSIAN INTtRNATtONAL SHIPPING CORPORATION SfPHAO TEL Kl *****4. EXPRESS FULLY CONTAINERISED SERVICE TO/FROM WED CONTINENT/SCANDINAVIA nil WVH feeder 'P. Xrlanj Vessel (IEMNi Sailed NINON fUKISCt Ss.ltd HI OCIIMA S core I) Mse.lles Z> Kdtm 31 Hburt 4) Cburt 11/ I It; 4 20/ 4 22, 4 24/ 4 11/4 2S/774 words
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Advertisement720 1978-03-27 16 t INTRASEA (PTE) LTD. .ibcf House _j-2£ O'cn.fcJ Road Smcj.iport Telephone <.i 54 0; 7 goaagiA Myg RE6ULAR INDEPENDENT S«l/n»LL CONTAINER SERVICE Tl EWBPE S pore P. Kelang Penang LaatfMg Fir MV FIMIX Sailed SaiM A'werp/R'djm/H'burt 'M.V. AEGIS BALTIC 13 Apr I Apr 17 Apr S'ton, R'dam/H'burg/ A'werp. M.V. LSI720 words
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