The Business Times, 29 March 1978

Microfilm: NL9627
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 21V1/78 WEDNESDAY, MARCH 29, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Revolving fund
      69 1 KUALA LUMPUR, Tues. Japan has agreed to set up a revolving fund of 400 million yen (Bs4 million) to clean up the Straits of Malacca in case of any oil spillage. Malaysian Communications Minister Tan Sri Manlckavasagam, In announcing this today to a meeting of the Transportation Committee
      69 words
    • Article
      Lock icon Europe's outlook
      67 1 UPI. GENEVA, Tues. The UN Economic Commission for Europe has predicted Improved growth for West European countries this year but said It will not be enough to reduce substantially current high unemployment. Western Europe's combined gross domestic product rose by 2 per cent In 1977 against 4.5 per
      UPI.  -  67 words
    • Article
      Lock icon CB radio tariff?
      60 1 UPI WASHINGTON, Tues. President Carter has asked Congress for a one year, 15-per cent tariff Increase on foreign-made citizens band radios sold in the United States, the White House announced. Japan currently produces about 85 per cent of the CB radios Imported Into the United States, with
      UPI  -  60 words
    • Article
      Lock icon Inflation beaten
      62 1 UPI NEW DELHI, Tues. India wiped out Its 12.5 per cent Inflation rate during the fiscal year 1977-78 which ends on March 31, The annual report of the Commerce and Civil Supplies Ministry, showed Inflation during the year reached a minus rate. The government's monetary policy and support
      UPI  -  62 words
    • Article
      Lock icon Oil stockpiles
      60 1 UPI TOKYO, Tues. The Agency of Natural Resources and Energy has set up a department to handle national stockpiling of oil. The government Is expected to authorise boosting state oil stockpiles to 10 million kilolitres by 1985. In fiscal 1978 It plans to store 5 million kilolitres of
      UPI  -  60 words
    • Article
      Lock icon Malik warns
      44 1 AFP. MANILA, Tues. Indonesian Vice-President, Adam Malik, today called for an arrangement between Southeast Asian countries and Japan on the supply of raw materials or a crisis could erupt between them In future that could endanger political stability In the region. AFP.
      AFP.  -  44 words
    • Article
      Lock icon Thai projects
      61 1 AFP. BANGKOK, Tues. Thailand will host a meeting of experts of Asean on April 3 to 5 to discuss Thailand's rock salt and soda ash projects. The two projects are Thailand's responsibility under an Asean agreement signed In Ball In 1976, whereby each Asean member would undertake a
      AFP.  -  61 words
    • Article
      Lock icon Dow Jones
      96 1 UPI NEW YORK, Tues. Stocks struggled for dlrec?«?,f arl JL todfty after the government reported a ler^?" expecte<l in consumer prices. Trading was fairly active. Traders were surprised by the Labour Departments report that consumer prices rose 0.6 per cent In February, or at a 7.2 per cent
      UPI  -  96 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      124 1 Rites NST UAC Cons Plant Rothmana Keck Swif API SEAL Sime Darby Sin Chew Syn Reaina 370 265 575 360 223 120 121 390 255 105 +37 13 10 +8 +8 +8 +7 +6 +6 +6 Most active API 211,000 Sin Chew 112,000 Nanyang Press 95,000 S.
      124 words
    • Article, Illustration
      In Kuala Lumpur
      164 1 Rises Most active Inch K K 3.30 .26 API S. Darby 454,000 235,000 SgBesl D Keramat 5.00 3.15 .10 +.10 Syn Resins 1.13 .07 High L Low 204,000 API 1.21 .07 Sentosa 184,000 F Cables 1.34 .07 Total Turnover: 3.43 m Negri Semb 3.74 +.06 Total Value:
      164 words
  • Article
    POSB extends investment arm
    1064 1  -  NEW FUND ESCAPES TAX By COLIN CHEE THE POST Office Savings Bank of Singapore is flexing Its muscles in the investment arena. It has become a major shareholder in a new company formed in Singapore which will manage the portfolio of an Investment fund Incorporated in
    1,064 words
  • Article
    Lock icon Borrowing long
    223 1 Reuter. THE Manila-based Asian Development Bank is hoping to extend the length of its own borrowings as part of its programme for expansion of lending to developing countries. The bank's president, Mr. Taroichi Yoshida, yesterday also disclosed plans by the bank to borrow on the world's capital market
    Reuter.  -  223 words
  • Article
    Finance firms must venture into new areas
    933 1  -  By SIVA ARASU FINANCE companies should consider breaking new ground by combining their resources to syndicate larger loans, accepting long-term deposits by Issuing bonds or similar instruments and setting up a market for mortgage paper on residential properties. These were some suggestions put
    933 words
  • Article
    Lock icon Currency unrest may thwart German growth
    314 1 Reuter WEST German Chancellor, Helmut Schmidt, said the currency unrest could endanger hia country's economic growth. West Germany is regarded as a "locomotive" economy, one of the stronger nations which it is hoped will be able to expand fast enough to help a general
    Reuter  -  314 words
  • Article
    Government issue will not tighten liquidity
    618 1  -  By JOHN TAN THE Government's proposed issue of $575 million of registered stock will not cause any tightening of liquidity as money taken out of the banking system will be replaced. Consequently, interest rates in the foreseeable future will not rise. There is also
    618 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
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      32 words
    • Advertisement
      Page 1 Advertisements Column 2
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      37 words
    • Advertisement
      Page 1 Advertisements Column 3
      71 1 KMD3 SHIPPING TIMES MERGER proposal before travel agents LANCOME pick* Sing .pore u DOLLARS aadi of quality SHIPPING stamp takee its toll BEHIND tks placid Japaneee TOKYO'S saoeees —to eopgr or not to copy T ANOTHER JC-MPH reoard is aaUhsty 11 ALCOM picks op strongly... 11 TOKYO risstonwill rei« 12
      71 words
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      Page 1 Advertisements Column 4
      223 1 LANIER COURIER the perfect secretary.... 2'/a" wide lOot wt. works 24 Itours a day and never grumbles SotoAgartDONßW. 1******8/*****3 SEE BACK PAGE Otvetti Electric Typewriter Editor 4C The Olivetti Editor AC electric typewriter. That's what caused the stir. Consider its many fine points and you will understand. The Editor AC
      223 words
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      Page 1 Advertisements Column 5
      3 1 SEE PAGE 6
      3 words
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  • TRADE AND INDUSTRY
    • Article
      Lock icon Manila sets $4.6b textile target
      193 2 Reuter. PHILIPPINE Trade Un-der-Secretary Vicente Valdepenas said the Philippines will export up to US$2 billion (554.6 billion) worth of textiles and garments by 1982. "We will be hitting the $400 million mark by the end of this year," he said. However, Mr. Valdepenas' remarks coincided
      Reuter.  -  193 words
    • Article, Illustration
      Quality must be a way of life here
      842 2  -  ■y TSANG SAU YIN THERE are still some Singapore manufacturers that pay little attention to quality control. They fall to realise its importance both at home and abroad. Making this criticism at the opening of a seminar on the management of quality
      842 words
    • Article
      MEMO PAD
      147 2 DATE TITLE COURSES AND TALKS LOCATION ORGANISER Mar 27-29 Prestressed Concrete Design Seaview Compa International Mar 28-30 Problem solving and prevention SIM Conference Room SIM Mar 30April 1 Factory work simplification SIM Conference Room SIM April 4 US Tax Seminar American Embassy American Embassy April 24May 11 Employee
      147 words
    • Article, Illustration
      S'pore test market for Lancome
      471 2  -  •y PETER CHIA SINGAPORE has been chosen as a regional test market for Lancome cosmetics. This means that new Ideas for promotions or launching of new products will be tested here first and if successful, will be Introduced to other Asian countries. Announcing this yesterday,
      471 words
    • Article
      Lock icon LATEST MICROWAVE SHOW IN TOKYO
      387 2 Reuter, UPI. A FOUR-DAY exhibition of the latest US microwave systems and components opened In Tokyo yesterday as a major American effort to increase Its share of the Japanese market. Some 66 US small and medium-sized firms with annual sales of US$l million to $50
      Reuter,; UPI.  -  387 words
    • Article
      Lock icon Logging condition
      107 2 Reuter JOHORE will not Issue new licences or renew existing ones of logging and timber firms In future unless they have at least 50 per cent equity participation of bumiputras, State Chief Minister Tan Sri Othman Saat said. Opening the Johore state branch of the Malaysian Bumiputra Timber
      Reuter  -  107 words
    • Article
      Merger proposal before travel agent bodies
      382 2  -  •y CHAN BONG SOO THE NEW executive committee of the Singapore Society of Tourist Agent* is hoping to establish a dialogue with the Association of Travel and Tourist Agents of Singapore with i view to forming a single body representing all travel agents here.
      382 words
    • Article
      Lock icon Pony coming to Malaysia
      56 2 Reuter. THE PONY car manufactured by the Hyundai group of South Korea will be introduced Into Malaysia, Mr. Ei Whan Pal of the South Korean Overseas Economic Research Institute said. Mr. Pal, leading a trade delegation to Malaysia, said the car will be introduced as soon
      Reuter.  -  56 words
    • Article
      Lock icon Kriangsak off to China
      52 2 UPI PRIME Minister Kriangsak Chamanand of Thailand leaves for China today for a week of talks with Chinese leaders. One positive result of Mr Krlangsak's visit likely will be the signing of a trade agreement which will give China a favoured nation status In trading with
      UPI  -  52 words
    • Article
      Symposium on Asean Chinese businessmen
      403 2 A SYMPOSIUM on Asean Chinese businessmen will be organised by the FlllplnoChlnese Chambers of Commerce to coincide with the Asean Trade Pair in Manila from May 7 to 21. This was disclosed In Penang by Mr. Sy Chun, a representative of the FCCC who has
      403 words
    • Article
      Lock icon Taiwan-US trade can rise to over $41 billion
      407 2 AP. Reuter. FORMER US Treasury Secretary, David Kennedy, said on Monday it would be quite reasonable to expect US Taiwan trade of more than US$lB billion (5541.4 billion) in 1985. "This would likely place Taiwan inside the first 11 among all of
      AP.; Reuter.  -  407 words
    • Article
      Lock icon ANRPC to discuss helping Vietnam
      155 2 Reuter.' MEASURES to help Vietnam rehabilitate her rubber industry will feature in discussions at a meeting of the seven-member Association of Natural Rubber Producing Countries In Colombo next week. Official sources said Vietnam, a member of the association until the re-unl-fication of the country, has
      Reuter.'  -  155 words
    • Article
      Attracting industries to solve Kedah's jobless problems
      279 2 KEDAH hopes to cope with its difficult unemployment situation by opening up land schemes, diversifying agriculture and attracting more Industries. The Deputy Director of the state Economic Planning Unit, Enclk Saad bin Endut, said this when briefing visiting executive committee members of the
      279 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      120 2 For a Successful BANKING Career LIT PTA tRA MA SCRI NETI study with W>lsey 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 Diploma (AIB). The
      120 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      548 2 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 Patrick helps In the garden 8 Two-offspring animal? (5) 10 A lake eagle's nest (5) 11 Little Sarah s boy (5) 12 Sweet nonsense (5) 13 Looks rocky (7) 15 The beast pounds a priest! (5) 18 Low noise (3) It Give of
      548 words
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  • OVERSEAS
    • Article
      Lock icon Money supply nears upper end of target
      722 3 Reuter. RECENT figures for the growth of sterling M-3 money supply have been somewhat high and it appears that final figures win be near the upper limit of the British government's guidelines, probably slightly above them. In the February banking month sterling M-3
      Reuter.  -  722 words
    • Article
      Lock icon Argentina finds offshore oil
      227 3 AP ARGENTINA, which produces most of its petroleum needs from onshore wells, announced on Monday the first discovery of oil on its South Atlantic Continental Shelf. The state oil monopoly, Yacimlentos Petroliferos Fiscales, said six different oil and gas deposits were found below the seabed in
      AP  -  227 words
    • Article
      Lock icon Peruvian copper miners strike
      170 3 Reuter MINERS at the US-owned Southern Peru Copper Corporation went on strike on Monday to back, demands for more pay. A company spokesman said only 10 per cent of Its workers at the ILO Refinery near the Chilean border turned up for work while at the
      Reuter  -  170 words
    • Article
      Lock icon Australian dollar devalued
      78 3 Reuter THE AUSTRALIAN exchange rate fixing authourlties devalued the dollar by 0.23 per cent by cutting the trade weighted currency basket index to 87.7 (base May, 1970) from 87.9, the Reserve Bank reported. The latest index cut follows further falls in the US dollar on exchange markets
      Reuter  -  78 words
    • Article
      Lock icon No marked upswing for German economy
      260 3 AFP A PRIVATE German Economic instltue ruled out any marked upswing in economic activity In the coming months despite the measures adopted by the West German government at the end of last year. The Rhlneland-West-phalia Economic Research Institute said on Monday that the government's
      AFP  -  260 words
    • Article
      Lock icon Pickets keep some coal mines shut
      185 3 Reuter SEVERAL soft-coal mines in the United States remained closed yesterday due to picketing by construction workers despite a return to work by most of the 160,000 miners after a record three-month strike. Most miners returned to work on Monday but an estimated 19,000
      Reuter  -  185 words
    • Article, Illustration
      Lock icon Marcos denies nuclear deal
      418 3 UPI. PRESIDENT Marcos denied allegations of impropriety in the government's award of a US$l.l billion (552.5 billion) contract to Westlnghouse Electric of the United States to construct a nuclear power plant In the Philippines. The 60-year-old chief executive broke a twomonth silence on the alleged scandal
      UPI.  -  418 words
    • WORLD IN BRIEF
      • Article
        Lock icon EUROCREDIT HIGH
        542 3 Agencies TOTAL credits drawn down on the Eurocurrency market this year will largely exceed the 1977 record of US$4l billion (5594.3 billion) If credit demand continues at the current pace, Kredletbank NV said in Brussels. The OECD expects the volume of credit in 1978 will total $36 to
        Agencies  -  542 words
    • Article
      Lock icon Should firms finance their own strikes?
      433 3 NYT. THE US Supreme Court agreed on Monday to decide one of the most controversial issues In labourmanagement relations: whether striking employees are entitled to receive unemployment insurance benefits. Employers and business organisations have long protested that state laws authorising such benefits require them,
      NYT.  -  433 words
    • Article
      Lock icon Further decline of dollar will distort markets
      331 3 Reuter A FURTHER depreciation of the dollar would result in persistent tension* leading to distortions on international money and capital markets. Kredietbank NV, in its latest weekly bulletin, said a persistent depreciation of the dollar could also reinforce the inducement for national monetary
      Reuter  -  331 words
    • Article
      Lock icon Inflation is No. 1 bugbear of the President
      898 3 NYT THE LATEST public opinion polls chow inflation as the United States' number one economic worry, but President Carter is discovering almost dally how unpopular it is to take bold action to keep it in check. For the last three weeks, Mr.
      NYT  -  898 words
    • Article
      Lock icon RESCUE OF CITIES
      306 3 UPI PRESIDENT Carter, pledging to reverse deterioration of the nation's cities, asked Congress on Monday to spend up to US$lO.4 billion (Ss24 billion) over two years to aid depressed areas, slow suburban development and encourage industry back to the cities Mr. Carter, unveiling his long-awaited proposal, also
      UPI  -  306 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      233 3 MC<P>BsrtV7B UOL2 NO 3 MflrtX S7B PRCE $300 v* otct Wincorporating Singapore Trad* A Industry Subscribe now and g«t 12 issues of Singapore Business and 1 copy of the Yearbook (worth 16/-) pius a free beautiful slip case at the following rate, surface-mail postage free SMS42/- for subscribers in Singapore
      233 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      327 4 THE Singapore market closed quiet with March One RSS buyers quoted at 203.00 cents per kilo yesterday, down 0.25 cents on last Thursday's close. Dealers said trading continued quiet and thin in the afternoon due to lack of interest and values were little changed. Volume was
      327 words
    • Article
      Closing prices
      30 4 Rubber: March 28: Singapore: April 203 cents (down 0.2S cent) Malaysia: April 206.50 cents (down 0.25 cent) Tia: $1,512 (up $4> Official offering: 258 tonnes (up 36 tonnes)
      30 words
    • Article
      RAS PRICES
      281 4 Prices In cent* per kilo yesterda>: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.8.S. prompt f .o.b. 202.50 203.50N 202.50 203.SON Int. 1 R 8.8. April 203.25 203.50 203.00 203.25 Int. 1 R.S.8. May 203.50 203.75 203.50 203.75 Int. 2 R.S.8. 198.50 199.50N
      281 words
    • Article
      SSR AND SMR
      92 4 NOON SSR prices yesterday: HAS April May (Currant Mth) (Forward Mth) Buym rs Seller* Buyers Sellers (ceoU per kg) (cm its per kf) SSR 20 (1-ton pallet) 193 00 195.00N 194.00 190.OON SSR 50 (1-ton pallet) 101.00 193.00N 192.00 194.00N M.R.E.L.B SMR5CV (1-ton pallet) 213.75 215.75N 214.25
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    • Article
      Rice
      207 4 BANOKOK rice prices were as follows yesterday: US dollars per tonne* fob bull Bangkok: White Rice: 100 pet lit class 437, 100 r:t 2nd class 422. 100 pet 3rd class 417. pet 406. 10 pet 385. IS pet 387. 20 pet 382, 25 pet 372 35 pet unq Brokaa:
      207 words
    • Article
      Produce exchange
      287 4 PEPPER prices recovered fractionally in a quiet Singapore produce market yesterday. Most pepper grades put on $5 per picul. The top grade, Muntok ASTA was quoted at $382.50 per picul. Coffee grade EK 1 was down $20 to $340 per picul while the others held, their own. Small
      287 words
    • Article
      Coffee
      280 4 ROBUSTA futures In London ended the opening call yesterday officially "steady" but with gains of between £35 to £65 per tonne compared with last Thursday's close. Turnover was 402 lots. Commission house and trade buying combined with some chart support in July at around £1,350 pushed values higher initially.
      280 words
    • Article
      Sugar
      195 4 TERMINAL sugar in London yesterday was C 0.05 to t0.55 higher at the opening call mainly against New York, dealers said. Dealings were thin. Traders said the advance may have been slightly suppressed by Colombian raw sugar selling tender for 12,600 tonnes for prompt shipment. Both the London daily
      195 words
    • Article
      Cocoa
      150 4 TERMINAL cocoa In London yesterday morning staged an almost Immediate C4O limit advance in near May at £2,025 and went sharply ahead In special call dealings with other months hardly traded. The market moved to new chart highs for 1978. Dealers attributed the rise to Monday's strength in New
      150 words
    • Article
      Lead
      59 4 LEAD ended in London yesterday morning £6 and £6.75 per tonne higher for cash and Three Months respectively. Dealers said the market was initially lifted by the advance in copper and during early dealings, Three Months traded up to £320 before falling back slightly to end the ring at
      59 words
    • Article
      Straits tin
      196 4 THE Straits tin price In Penang rose MS4 per plcul to $1,512 yesterday. Values recovered slightly following light buying interest from US ane Japan as well as locally, dealers said. Generally, most operators were waiting for the London market opening. Turnover Increased to 258 tonnes from Monday's 222
      196 words
    • Article
      Hongkong comex
      413 4 THE sugar market closed slightly firmer in dull and featureless trading yesterday with four lots traded against the same on Thursday. Traders were reluctant to enter the market due to lack of selling interests and partly due to wide spreads between bids and offers. Trading was restricted to
      413 words
    • Article
      Soybean
      219 4 SOYBEAN futures In Chicago on Monday drove sharply higher In early trading and held gains into the close, despite reduced trade after the first hour. Final old crop gains ranged from 28- v, to 23cents a bushel. September finished 14-% cents higher while other new crop months added seven
      219 words
    • Article
      Wheat
      79 4 WHEAT futures In Chicago on Monday registered gains of eight to 10- Yi cents a bushel at the close, finishing within a cent or two of the day's highs. Strength In soybean futures, light farmer selling and good nearby export demand stimulated buying and selling at the opening. Prices
      79 words
    • Article
      Lock icon DUVAL CORP SPRINGS COPPER SURPRISES
      364 4 Reuter THE magnitude of the copper price Increase announced on Monday by Duval Corp surprised many market observers In New York. While most traders and consumers were expecting some Increase after the strength of commodity exchange (comex) values, few expected the 3.50 cent per Eound
      Reuter  -  364 words
    • Article
      Silver
      205 4 SILVER rose by 9.0 to 9.5 Knee per troy ounce in ndon yesterday morning. The strength of US futures and the firmer trend In gold sparked off early short-covering and fresh buying on the Pre-market. Prices subsequently sagged under profit-taking before renewed covering was Induced following the higher bullion
      205 words
    • Article
      Copper
      263 4 COPPER wlrebars finished In London yesterday morning showing gains of £21 for cash and £22 for Three Months. Dealers said values pushed ahead on the premarket under shortcovering, fresh buying, chart and stop-loss operations together with covering against US and West German physical demand. The movement was sparked off
      263 words
    • Article
      Gold
      367 4 THE kllobar In Singapore opened at 5513,675 and fluctuated narrowly before closing higher at $13,728 in moderate trading. In London, the metal opened at U*****.20/50 and closed at $183.90/184.10, with sentiment Influenced by the weaker US dollar. The London morning fix was U*****.20, up $3.90 from the previous. Source:
      367 words
    • Article
      Zinc
      83 4 AT THE end of yesterday morning in London, ring zinc was £8 higher for cash and £7.75 per tonne up for Three Months. Values advanced sharply in the pre-market reflecting the rise in copper and Monday's news of a production cutback by Hoboken of Belgium, which followed similar action
      83 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        560 4 THE US dollar firmed up on the local forex market yesterday. The local money market isa- a further slack money f situation even following the 'MAS announcement of Its next stock issue. Overnight money rates remained low but lender banks appeared ready to predict some tightness of liquidity
        560 words
      • Article
        Minimum lending rates
        80 4 WITH the prime rate cut to 7 per cent by DBS and Citibank, virtually all banks in Singapore are now offering the iant terms to their beat customers. Oversea -Chinese Banking Corporation still maintains its 6V« per cent while only Chartered and United Commercial Bank are now
        80 words
      • Article
        Asian $ rates
        149 4 Asian rates ASIAN currency deposit interbank rites as at cloae on Mar 28 7 days 1 mth 2 mths 3 mths mths 9 mths 12 mths US Dollars (Spot) Offer BM .71/1 7 79/16 77/16 75/16 73/16 79/16 77/16 73/4 7 5/6 77/6 73/4 715/16 713/16 8w. Pre. Dm. iMUdkPrlMl
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      • Article
        Discount
        44 4 RANGE of price* offered by discount houses on Mar 28: Oernifht 1 3** Call deposit 3** Ctoaiu BuyiafScUlag 3-Month Treasury bills 31/4 3 l/> 3-Month Bank bills 4 13/16 411/1* 3-Month CD 5 47/1 6-Month CD 53/S 51/4 Source: National Discount Co Ltd.
        44 words
      • Article
        Hongkong
        125 4 IN MODERATE trading, the US dollar closed above the day's lowest levels against major currencies. The dollar firmed to 225.30/50 yen from 224.80/225.00 In New York following the Bank of Japan's purchase of an estimated $800 million In Tokyo at 225 yen to support the US unit, dealers said.
        125 words
      • Article
        New York
        253 4 MONDAY'S dollar closed at its lowest levels of the day following a significant fall late in the session on Federal Reserve chairman Miller's remarks he opposes "bridging actions" to support the dollar until the fundamentals can be improved. Dealers said the reaction was relatively limited since it came
        253 words
      • Article
        London
        243 4 IN VERY nervous trading after the long Easter holiday break, the dollar lost ground heAvily against .several major currencies. It fell".to 2.0130/50 marks from 2.0395/ 0415 at Thursday's close here before rallying. possibly helped by Bundesbank support, to 2.0210/25. Federal Reserve Board chairman William Miller's stated opposition to further
        243 words
      • Article
        Eurobonds
        284 4 Straight* Bid Offer FFISt«9*.87 97.37 98.12 Courtaulds slg 9\ 88 95.SO 96.25 EIB stg 9 1 4 92 97.37 98.12 Flsons stg 10'« 87 100 25 101 00 Inc9 92 97.50 98.00 Inco8'« 84 97.50 98 00 Sparbankernas 8 l 88 96.82 97.12 SNCF8-.84 99 00 99.50 EIB 8
        284 words
      • Article
        Tokyo
        195 4 YESTERDAY, the US dollar for overnight delivery closed at 225.02 yen In hectic trading, after Bank of Japan Intervened strongly at 225.00 yen from the opening compared with 225.30 at Monday's close. The Bank of Japan bought an estimated $800 million at 225.00 yen to support the dollar, dealers
        195 words
      • Article
        Australia/NZ
        62 4 AUSTRALIA/NZ exchanges quotes on March 28 AUSTRALIA: U8 dollar 1.1440/ 1 IMB Sterling 0 8115/ 0 0040 Ninety-day air mail buying rates: Sterling 0 8203 U8 dollar 1.1740 Ninety-day forward buying rates: Sterling 0.0111 US dollar 1.1431 NEW ZEALAND: Sl> ling 0 5404/ 0 5435 US dollar 1 0274/
        62 words
      • Article
        Frankfurt
        38 4 FRANKFURT exchanges opening quotes on Mar 28. US 2.0130/50 Can 1.7840/65 Sterling 3.780/790 D Fl 93.35/55 S Ft 107.45/95 Lit 2.365/375 F Fr 43.45/65 N Kr 38.10/20 B Fr (con) 6.420/435 B Fr (fin) 6.42/43 Yen 0.8960/75
        38 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      132 4 The Love of ---v. ooking T\^ ..>■ gi V V A** i A Kenneth U> rm m h A** V Kannoth Lo, the well-known Chlneee cookery writer, Introduces Km mdar to tho techniques of Chin— cooking, and gives an Insight Into thsk uniquo way of eating. Beginning with eimpie onocHah
      132 words
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  • TRANSPORT
    • Article
      Ocean Fleets to axe staff
      439 5  -  By CHAN BONG SOO THE MASSIVE surplus tonnage among the world's merchant fleet, combined with sluggish world trade, Is beginning to hit employment at Ocean Fleets. Last month, the company said the fleet might have to be reduced by up to 10 ships this year
      439 words
    • Article, Illustration
      HITACHI'S LATEST
      75 5 BUILT by Hitachi Zosen's Hiroshima Works (Innoshima) of. Japan, the 60,764 dwt bulk carrier, English Wasa was delivered to its owner, Salenrederieraa A.B. last month. Hitachi Zosen has developed 30 Panama -type bulk carriers standard economical vessels with this latest addition. Special construction features include insulation around the
      75 words
    • Article
      Lock icon Retaliation hangs heavy in the air
      255 5 AP NEGOTIATIONS on a new US-Japanese air agreement have been adjourned until next autumn, leaving open the possibility of retaliatory action by the United States because Japan recently refused to approve several American flights. At Japan's Instigation, talks on the 25-year-old existing air agreement
      AP  -  255 words
    • Article, Illustration
      SHIPS IN PORT
      400 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Auby (1100 after Temburong) 21 East Botany Trader (Tanker P/O) (1200 after Shoko Maru) 15/16 Ellen Bakke (0600 after Stephanos Vergottls) 31/32 Feng Tal (after Irkutsk) 10/11 Gerbera (Car carrier) (after Straat Nagoya) 3/4 Gulf Trader (GNRV) (0600) 13/14 King Horse (after
      400 words
    • Article
      Malaysian yards must diversify to ride out slump
      222 5 THE Malaysian government Is considering diver* sification of the engineering activities of the •hipbuilding industry in view of the current slump in the world's shipping industry. The deputy Min'ster of Trade and Industry, Encik Abdul Manan Osman, said in Penang that one
      222 words
    • Article
      FAR EAST FREIGHTS
      504 5 CHARTERING, especially for rice and cement, has been very active. The scrap market has improved, with many owners sending their vessels for scrap. Vessels open MV Aldanles logger type, about 5500 tons, DWCC open Vietnam 1/5 April, looking for suitable cargo Japan/Far East direction. MV Ola and
      504 words
    • Article
      Plans for a facelift of Subang finalised
      342 5 THE FINAL design for converting the Kuala Lumpur International Airport terminal Into a two-tiered building with each level catering either for departure or arrival of passengers is complete and Is being reviewed by the Malaysian government. Communications Minister Tan Sri Manlckavasagam said In
      342 words
    • Article
      Lock icon United considers buying Airbuses
      178 5 AFP. Reuter UNITED Airlines of America is studying the possibility of ordering European-built Airbus A--300 aircraft. United vice-president. Edward Beamish said in Chicago that company executives had held discussions with Airbus Industrie as well as with Its competitor, Boeing Company, with a view to replacing Unlted's
      AFP.; Reuter  -  178 words
    • Article
      Lock icon POSTPONED
      47 5 AP THE US Environmental Protection Agency said on Monday It is postponing by two years implementation of proposed emission standards for aircraft. When the standards are implemented there will be a net reduction in the amount of hydrocarbon and carbon monoxide emissions around major alrports. AP
      AP  -  47 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      641 5 ARRIVALS Service Local Operator Number Time Prom TMA TL304B 0530 TPE MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH607 0845 KUL GIA GA980 1030 HLP CPA CX710 1035 HLP THAI TG423 1035 BKK SIA SQ103 1045 KUL
      641 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      237 5 [[=7J SINTAT 4 tHJLI Rent-a-Car SINGAPORE AIRPORT m TEL *****5 CITY TEL *****55 Call us for your local or onward reservations -"IT I <V/ DON'T CROWD ROUND LET OTHERS CROWD ROUND YOU! m 4m A well-read person is a well informed person. That's why he can always talk about any
      237 words
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  • Article
    Rates will still remain slack
    528 6 EARLY this year, banks were hesitant to commit themselves to term funds. Borrowers on the market could see that rates would remain flat, If not decline, with surplus funds flooding the market. Yet, there was still that nagging doubt over how much effect government borrowing
    528 words
  • Article
    Why the silence?
    276 6 IF It is true that Silence Is Golden then Singapore was rich beyond the wildest dreams of Croesus yesterday. Our reporters scoured the local economy throughout the day to find some reaction, any reaction, to a stinging report on Singapore workers prepared by the Japan Overseas Enterprises
    276 words
  • Article, Illustration
    Lock icon Strikes do exist in Japan
    1183 6  -  Yesterday, Business Times reported on what the Japanese really think of Singapore workers, as expressed in the Japan Overseas Enterprises Association's recent survey of the "Communication Gap between Japanese and Singaporeans." One of the local features that Japanese investors find difficult to understand is the
    FT.  -  1,183 words
  • Article
    Lock icon Doors won't open easily
    720 6 FT FOREIGN businessmen in Tokyo have yet to uncork their bottles of champagne and celebrate Japan's apparent readiness to balance up Its foreign trade. For they know that even if all import duties were eliminated tomorrow, the level of imported manufactured goods would scarcely be affected.
    FT  -  720 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      496 6 a L/ sinGapura FORUM HOTEL admm«mi fin i iiilimn HI Orchard Road, S'pore t. 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
      496 words
    • Advertisement
      Page 6 Advertisements Column 2
      60 6 SNGAPORE HLTON Ml Orekafd Road, B'pore I. Tel: S722SS Hilton presents Detlef Kraus A Classical evening of Beethoven and Chopin Sonatas by Germany's foremost concert pianist presented In conjunctidn with the Embassy of the Federal Republic of Germany. March 29, 1978 8 p.m. Grand Ballroom $10 Inclusive per person For
      60 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      64 6 WEATHER outlook for Singapore from 6 a. m. to noon today: Isolated showers around mid-day. Report for 24 hours prior to 7.30 pm on March 28 at the airport. Maximum Temperature 28.5° C Associated Humidity 85 Minimum Temperature 24.3° C Associated Humidity 97 Hours of Sunshine 0.90 Rainfall in Millimetres
      64 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      238 6 T4IK.WWDYO SINGAPORE 53.00 PM Opening announcements followed by Save The Acropolis (Repeat) 3.30 Diary Of Events (Malay) 3.35 Bonanza El Jeffe 0 4.20- Intermission 6.00 Opening followed by Electric Company 6.30 News in Brief 0 6.35 Wild, Wild World Of Animals Saga Of The Whale 0 Rampaian Sukan (Malay) 4
      238 words
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  • Article, Illustration
    Yet another drought — but different
    1333 7  - Yet another drought but different By A. KADIR JASIN THB BILLBOARD reads, "Anda sekarang berada dl dalam kawasan pengalran Muda" (You are now In the Muda irrigation scheme area). It stands rather prominently Just outside the town of Guar Chempedak, the southern gateway to the country's largest padt area. In
    1,333 words
  • Article, Illustration
    STRAWS IN THE WIND
    371 7 THOSE madmen, the Hash House Harriers, now an international recreation club dedicated to jogging rffflr beer drinking (sounds QK£ a recipe for Instant death, to me) have Just concluded a convention in Hongkong, including rural runs ranging from eight to 10 km. That fiendish shout of
    371 words
  • Article
    Adapt, not adopt
    959 7  -  [FORUM f ...on management k A •y GAN HUAT TATT THE JAPANESE economic system and its remarkable Kost-war recovery have ten widely acclaimed. Such immense economic miracle has come in for the microscopic study that a scientist would accord a new life form. Those who have had
    959 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      79 7 r *1 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
      79 words
    • Advertisement
      Page 7 Advertisements Column 2
      75 7 KING'S HOTEL Havelock Road, Singapore 3 Tel: *****1 LADYHILL HOTEL 1 Ladyhill Road, Singapore 10 Tel: *****1 LION CITY HOTEL 15 Tanjong Katong Road, Singapore IS Tel: *****1. HOTEL MALAYSIA 40 Cuscaden Road, Singapore 9 Tel: *****1 THE MANDARIN SINGAPORE 333 Orchard Road, Singapore 9 Tel: *****1. THE MARCO POLO
      75 words
    • Advertisement
      Page 7 Advertisements Column 3
      75 7 HOTEL MIRAMAR 401 Havelock Road, Singapore 3 Tel: *****2. HOTEL NEGARA 15 Claymore Drive, Singapore 9 Tel: *****1 HOTEL NEW HONGKONG 101 Victoria Street, Singapore 7 Tel: *****1. OBEROI IMPERIAL HOTEL I Jalan Rumbia, Singapore 9 Tel: *****6 ORCHID INN 214 Dunearn Road, Singapore II Tel. *****2 ORCHARD HOTEL 2
      75 words
    • Advertisement
      Page 7 Advertisements Column 4
      67 7 peninsula hotel Coleman Street, Singapore 6 Tel: *****1 QUEEN S HOTEL 24 Mount Elizabeth, off Orchard Road Singapore 9. Tel: *****8 RAFFLES HOTEL 1-3 Beach Road, Singapore 7 Tel: *****1/***** SEA VIEW HOTEL Amber Close, Singapore 15 Tel: *****22 SHANGRI-LA HOTEL 22 Orange Grove Road, Singapore 10 Tel: *****4. HOTEL
      67 words
    • Advertisement
      Page 7 Advertisements Column 5
      12 7 fllach" trover biuxt i.it>.»'---"ztzzz '*+.kSZIE!i~ 'wn/ftA A perfect complement to any meal,
      12 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Prices open higher
      597 8 Tokyo THE market opened higher yesterday centring on do-mestic-oriented Issues such as Pharmaceutical and real estate ssues. The NDJA marked 5,300.88 (up 13.80) at 0:15 after recovering from Its ex-dlvldend drop of 35.01. Market sources attributed the firm trend to active purchases by Industrial institutions and securities
      597 words
    • Article
      Sydney
      418 8 THE market was mixed yesterday. with attention centring on diamond and oil shale shares, dealers said. CRA rose five cents to As 2 on its Western Australia diamond project prospects, and northern mining, which has a 5 per cent stake in the venture, rose eight cents to 60 cents,
      418 words
    • Article
      Manila
      147 8 THE market closed mixed yesterday, with minings and oils higher while commercials declined, dealers said. Turnover rose to 5.97 million pesos from Monday's 1.14 million. Atlas gained three points while other mining issues advanced slightly. Oil issues gained strongly, led by Phil Overseas which rose five points. Leading commercials
      147 words
    • Article
      Bangkok
      144 8 MAR 28 Bahts Asia Fibre 250 -1 Bangkok Bunk 381 8 Bangkok Invest 344 -4 Bangkok-Metro-politan Bank Bula BerllJucker 458 CarpetIntnl Charoong Thai Wire 378 -66 Dumex DusltThanl 336 -4 Faber Merlin First Trust in -75 Genera Finance 350 -1 Indo-That Industrial Finance Corp 2895 -30 J An<1 J
      144 words
    • Article
      Closed
      20 8 THE European market* were closed on Monday for the Easier holiday. The Johannesburg market wai also closed on Monday.
      20 words
    • Article
      Selected indices
      55 8 FINANCIAL TIMES INDUSTRIALS Friday H.K. HANG SENG closed Monday closed 443 81 Friday closed Week Ago 458.6 Wppk A cm 434 S7 DOW JONES AVERAGE INDUSTRIALS Monday closed SYDNEY INDUSTRIALS Tuesday 392.92 Friday closed 393 38 Week Ago 773.82 LONDON DOLLAR PREMIUM Monday closed ALL ORDINARIES Tuesday Monday
      55 words
    • Article
      STOCKS SLIP
      948 8 New York BTOCK, briefly hither near the opening on Monday were slightly tower throughout much or the session and slipped a bit further towards the finish. Analysts said settlement of the coal strike had already been discounted and was not much of a positive influence They said Investors
      948 words
    • Article
      Toronto
      221 8 MAR n CS Abltlbl 12 Alcan 28 Algoma 1BW Bank Mont 18V. unch Bank Nova Scotia 19^ unch Bell Tel 54 unch Beth Corp BP Can Ltd US unch Bnucan 16W Camp Red Lake Con Imp Bk 36*. +S 26S -w Canpac 17 Canpac Inv Pf 16B unch Carting
      221 words
    • Article
      Hongkong
      383 8 FOLLOWING the Easter holidays, Investors showed a certain amount of caution yesterday morning. Prices tended to ease In lack-lustre trading and It wasn't until the afternoon session that the market showed any sign of picking up. Investors appeared from the sidelines to pick up the cheap offering in Jardlne,
      383 words
    • Article
      Lock icon Institutions move into OTC market
      695 8 NYT. INSTITUTIONAL Investors in New York, easing their way out of Big Board stocks and the tattered remnants of such traditional blue chips as IBM and Eastman Kodak, ate beginning to establish a fairly sizeable beachhead In the over-the-counter market. In some cases. In fact,
      NYT.  -  695 words
    • Article
      Lock icon Demand for UA bonds on the rise
      316 8 Reuter THE current strong demand for unit of account (UA) bonds Is expected to lead to another issue at the end of this month and a possible coupon cut to 7 per cent from 7* per cent on the Industrial Bank of Finland's
      Reuter  -  316 words
    • Article
      Sears, Roebuck singled out for reprisal?
      812 8 SEARS, Roebuck and Co., which has been charged with job discrimination by the Equal Opportunity Commission, has asked that the case be dismissed on the ground that the government agency came under the Improper influence of the National Organisation for Women. A Sears brief
      812 words
    • Article
      CHICAGO BOARD OPTIONS
      1572 8 March 27 CHICAGO Board Options Exchange volume was 63,422 contracts on Monday, down from 68,823 on Thursday. OPTION APL JLY OCT STOCK Alcoa 40 M 1 3/4 2 5/8 30 1/4 Alcoa 45 1/16 2/8 2/4 30 1/4 Alcoa SO UNTRD NOL NOL 30 1/4 Alcoa 60
      1,572 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      134 8 Don't let the language barrier stop you from wider \PI >(}) contacts BU vl I 8 >• v eW> V -J- I Ipr •T? **31 I tef rn G^ SVA V^ sVA l^ or *p 5 \t> %1 \e^* YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while
      134 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Pitney Bowes learns the hard way
      1665 9 NORTH AMERICAN COMPANIES NYT. THE TRICKS of no-holds-~barred competition are hard to learn when a company is accustomed to resting on mammoth market shares. ..Pitney Bowes Inc., whose name is synonymous with postage meters, learned that the hard way. Its first major diversification attempt
      NYT.  -  1,665 words
    • Article
      Lock icon Exxon unit expects sales at 15pc growth rate
      391 9 ASIAN COMPANIES Reuter. HONGKONG: Exxon Chemical Asia Pacific Ltd expects sales to grow at an annual average of about 15 per cent over the next three years, virtually unchanged oh the annual figure for the past 10 years. This was revealed by
      Reuter.  -  391 words
    • Article
      Saudis buy nonalcoholic beer
      173 9 TOKYO: Shonan Mission Bottling, the Yokohamabased soft drinks manufacturer. is to export nonalcoholic beer to Saudi Arabia, where alcohol is prohibited. The first 16.800 dozen 340-pilllilltre bottles are to be shipped at the end of next month, then about 120,000 dozen are to be exported each
      173 words
    • Article
      Lock icon Zaire project needs funds
      184 9 Reuter TOKYO: Compagnie De Development Miniere Du Zaire, the Japanese consortium for a joint ZaireJapanese copper mining development project, said it has asked Japanese shareholders, mostly copper smelters, for additional finance to cover its deficit totalling 3.5 billion yen in the current fiscal 1977 results. Codemiza
      Reuter  -  184 words
    • Article
      Lock icon Nippon Steel supplier for hotel
      81 9 Reuter TOKYO: Nippon Steel Corp said it will supply Construzionl Edlli Cattaned SPA of Italy with 7,300 tonnes of steel frames worth three billion yen to build a hotel in Teheran. The 25-storey Farah Park Hotel is being built in the Iranian capital at a
      Reuter  -  81 words
    • Article
      Lock icon Ampol
      43 9 Reuter SYDNEY: Ampol Petroleum Ltd said it extended the acceptance date for Its one-for-four rights issue to April 6 from March 23 due to a mall strike In New South Wales. Rights trading, however have ceased from March 23 as originally scheduled.
      Reuter  -  43 words
    • Article
      Thiess enjoys 63pc earnings rise
      640 9 THIESS Holdings announced that Its unaudited group met profits was A 510.02 million for the first half-year ended Dec 31, 1977. This was an increase of 63 per cent over the corresponding period last year making it the most profitable interim period in the group's
      640 words
    • Article
      Lock icon Nippon Koei gets order
      197 9 Source: James Capel TOKYO: Nippon Koel recently disclosed that it has obtained an order from the Indonesian Ministry of Public Works for Consulting Services Including supervision and technical guidance for a multipurpose dam to be constructed in the central part of Java. This dam is for
      Source: James Capel  -  197 words
    • Article
      Lock icon VICTOR'S VTR ACCORD
      71 9 Reuter TOKYO: Victor Co of JaKn Ltd said it reached sic agreement to supply Thomson-Brandt SA of France with colour video tape recorders for home use on a long-term basis from later this year. Victor managing director Yoshio Watanabe said the company would Initially export more than
      Reuter  -  71 words
    • Article
      Lock icon GLOBE MACKAY PROFIT DOWN
      85 9 Reuter. MANILA: Net profit for calender 1977 at Globe MacKay Cable and Radio Corp of the Philippines came to 16.4 million pesos (19 million) on net total revenue 52.3 million pesos (49.4 million). Profits decline attributed to 82 per cent Increase in interest cost on loans
      Reuter.  -  85 words
    • Article
      Lock icon Husky Oil may rejoin search
      154 9 Reuter MANILA: Husky Oil Co Ltd of Canada, which withdrew from oil drilling in the Philippines early last year. Is considering rejoining the search for oil there. A Department of Energy spokesman said Husky president James Nlelson and executive vice-presi-dent James Manning met Energy Secretary
      Reuter  -  154 words
    • Article
      Lock icon Citibank to comply with Saudi rule
      191 9 Reuter. CITIBANK NA said it is negotiating with the Saudi Arabian Monetary Agency to turn over control of its Saudi branch to local interests. The bank has decided to comply with a government ruling that 60 per cent of all foreign banks must be
      Reuter.  -  191 words
    • Article
      Lock icon Acli Int'l division
      46 9 Reuter. ACLI International Inc has begun operation of a new cash grain division, Acll Soya Co. to trade soybeans and oil internationally. Although the division will be based In New York, trading also will be conducted from its London office, Acll said. Reuter.
      Reuter.  -  46 words
    • Article
      Lock icon Deak plans to appeal
      171 9 AP. DEAK AND CO. of California, a foreign currency dealer, has been convicted by a federal Jury of 377 counts of failing to file reports on US$llB million in cash transactions. The company is a subsidiary of New York-based Deak and Cou Attorney Charles Breyer, representing
      AP.  -  171 words
    • Article
      Lock icon Technicare brings up countersuit
      117 9 Reuter TECHNICARE Corp said It filed a countersult against EMI Ltd alleging that certain EMI scanner patents were obtained by misrepresentation and are therefore unenforceable. Technicare said its OhioNuclear Inc unit filed the suit against EMI simultaneously with an answer to a recent EMI complaint alleging
      Reuter  -  117 words
    • Article
      Lock icon Copper up
      61 9 Reuter MELBOURNE: The Electrolytic Refining and Smelting Co of Australia said It has raised its exworks Port Kembla refinery copper price to All.loo per tonne from $1,080, effective since March 21. H 1 Tokyo, Nippon Mining Co Ltd said it has also raised its domestic selling price of
      Reuter  -  61 words
    • Article
      Lock icon Kennecott says no to C. Wright
      613 9 NYT. THE KENNECOTT Copper Corp., now embroiled in a proxy battle which threatens to unseat Its entire 17-man board, flatly rejected an offer by the Curtiss-Wrlght's Corp about two weeks ago to take only a token position on the Kennecott board. The discussion took
      NYT.  -  613 words
    • Article
      Lock icon AMC SEEKS FEDERAL SUPPORT FOR LOANS
      156 9 Reuter AMERICAN Motors Corp (AMC) said it is seeking federal backing for up to US$lOO million in loans in the private sector. An AMC spokesman said the company has been discussing the matter with government officials but no timetable for approval of the guarantee
      Reuter  -  156 words
    • Article
      Lock icon Colgate signs agreement
      67 9 Reuter COLGATE PALMOLIVE CO said it signed an agreement to acquire Princess House and its affiliates for 2.3 million shares of Colgate stock. The company said Princess House would be operated as a subsidiary under Its present management. It said Princess House, which manufactures and distributes tableware
      Reuter  -  67 words
    • Article
      Corporate bond buying by casualty firms drops sharply
      465 9 US corporate bond purchases by casualty insurance companies fell sharply last year and will likely be a rarity during 1978, according to economists and insurance company officials. The major beneficiary of new casualtv company Investment policy, on the other hand, has been
      465 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      114 9 study with WJsev Hall OXFORD Institute of Administrative Management Institute of Bankers Inst of Chattered Secretaries fi Administrators Inst of Statistic ans London Chamber of Commerce Industry HSC GCE A Level MCE SCGCE O Le.el London AEB GCE A K O Levels Modern Mathematics for Teachers Foulks Lvnch LONDON Ass
      114 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1348 10 BID and offer prices officially listed and business In and reported to the Stock Ex- change of Singapore yesterday with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the world "sett". Big Board
      1,348 words
    • Article
      Government bonds
      312 10 4 3/4* 1/5/79 (250.000) (100 658) 5 1/4* 15/10/79 (25*\000) (101 258 101 4SS) 4 3/4* 15/9/80 (250.«,00) (99 958 100 058) (2) 100.02 5* T F 15/4/81 (250.000) (102 00B) 5* T F IVIO/81 (250,000) <101 85B) 5* T F 1/8/83 (250.000) (100.158 100.258) 8 V 4%
      312 words
  • Article
    Unit trusts
    148 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Muifm prion for Mar 19) (Cunat prion) The Commerce 1 86 1.96 INCOME BOND 1.10 1.17 The Savlng Fund S pore Prog Fund 8'pore Security Fund 1.07 l.lSxd 0 86 0.91 MARA BUMIFUTRA FUND 1.71 1.81 First Bumlputra Mr Mar 246 zs
    148 words
  • Article
    SHARE INFORMATION SERVICE
    2399 10 1*77/1*78 High Low Company Last Sale +urGt'« Dhr Dfr Ctt Gr*s Y*M Net P/E Vel (*888) Day Hlgk Low SECTION ONE INDUSTRIALS 170 280 130 262 88* 247 170 201 422 140 132 165 56 212 57* 155 144 182 350 01 Aetna Alcom Allied Choc Bate
    2,399 words
  • Article
    In Kuala Lumpur
    1702 10 810 and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number cl shares traded shown in brackets In lots of 1,000 >-inlts unless otherwise speclfl.«d. INDUSTRIALS Acma (1.728 1 748) 1.71. A|»namata (2 478 > (1) 2.50.
    1,702 words
  • Article, Illustration
    Blue chips see light turnover
    700 10 SINGAPORE PRICES generally held steady around their overnight levels in another day of moderate trading on the Stock Exchange of Singapore yesterday. The market was stabilising itself after some easing seen last Thursday and this Monday. Blue chips, which had been the centre of attraction
    700 words
  • Article
    Some lower liners regain lustre
    530 10 TRADING on the Kuala Lumpur Stock Exchange yesterday began on a slightly steady basis, and picked up strength and momentum in the afternoon session. However, most of the gains and trading activity were concentrated in a dozen selected issues across the board. Lower liners, In
    530 words
  • LATEST RESULTS
    • Article
      DUNLOP Malaysian Industries:
      44 10 Group pre-tax profit $28.65 million ($24.01 million) for the ye&r ended Dec 31. 1977. Group sales $146.40 million ($l3O million). Final dividend 21.5 per cent (same) is based on the increased issue capital arising from the proposed bonus Issue of one-for-flve.
      44 words
    • Article
      Intraco:
      31 10 Oroup pre-lax profit $2.91 million (sf.Bs million) for the year enfted Dec 31. 1977. Oroup sales $98.17 mllfion ($94.04 million). First and final dividend 12.5 per dfcnt (10 per cent).
      31 words
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  • COMPANY NEWS
    • Article, Illustration
      Alcom set to reap benefits of hike
      523 11 WITH DEMAND constantly outstripping supBy, Aluminium Company of alaysla is in a position to reap the full benefits of the recent upward revision of its selling price for the current year ending Dec 31, 1978. Already, the year Just past has seen a
      523 words
    • Article
      Subsidiaries lift MBL first-half earnings
      707 11  -  By ARTHUR NG THE RESTORATION of profit margins at its subsidiaries' operations in Papua New Guinea (PNG) coupled with increased Investment income have boosted earnings at Malayan Breweries for the first half of the current year ending June 30, 1978. Group pre-tax profit consequently rose
      707 words
    • Article
      DIVIDENDS ANNOUNCED
      652 11 Current Ex Books Date Total for Total for payment Date close payable the year previous year Wilkinson Ulu Benut Taiping Consolidated Bcnu 16% Mar 14 Mar 30 Mar 30 24% 20% 6%<d) 15%(n) Mar 13 Mar 3 Mar 23 Mar 15 Mar 31 Mar 31 6% 25% 5%
      652 words
    • Article
      COMPANY MEETINGS
      120 11 Hotel Malaysia: AGM to be held at Fuji Room, Ming Court Hotel, at 11.30 a.m. on March 29th. Goodwood Park Hotel: AGM to be held at Fuji Room, Ming Court Hotel, at 11.45 a.m. on March 29th. Ming Court Hotel: AGM to be held at Fuji Room, Ming
      120 words
    • Article
      Stronger showing behind Bedford's higher dividend
      287 11 A MUCH stronger showing in the year just past is once again allowing Bedford Plantations to distribute the benefits to its shareholders in the form of a still higher dividend, this time at 25 per cent, upthree percentage points from 1976's and five points
      287 words
    • Article, Illustration
      JC-MPH loses hope of record profit
      955 11  -  By MANO SABNANI JACK CHIA-MPH group's hope of chalking another record profit in the current year has been dashed by losses incurred by its timber division in the last five months. Present indications are that the pre-tax earnings of about $l million from timber
      955 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      102 11 SINGAPORE'S LARGEST SELLING WOMEN'S MAGAZINE PRESENTS SOME BARE FACTS AND VITAL STATISTICS: J 'i 45 4 Ik K 1* r (A) HIGHEST AUDITED CIRCULATION OF ANY WOMEN'S MAGAZINE IN SINGAPORE (member of Audit Bureau of Circulations, Australia) 1977 NUMBER OF COPIES SOLD JANUARY 17,658 FEBRUARY 17,385 MARCH 17,478 APRIL 18,486
      102 words
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  • Article
    Malaysia wants UK to guard Asean interest
    258 12 MALAYSIA would like to see Britain use its Influence in the European Economic Community to safeguard the interests of Asean, Foreign Minister Tengku Ahmad Rithauddeen said yesterday. He told John Oavles, shadow Foreign Secretary of the British Conservative Party that Malaysia is concerned
    258 words
  • Article
    Seminar on export financing
    137 12 THE Institute of Banking and Finance will hold an export financing seminar for the Department of Trade and the Singapore Manufacturer's Association on April 27 at the ShangriLa Hotel. The seminar alms at helping exporters understand and use the various export financing services. The first session
    137 words
  • Article
    Lock icon Frantic dumping of dollars on Japanese forex
    667 12 Reuter, UPI SPECULATORS dumped more than one billion (552.3 billion) unwanted US dollars on the Tokyo foreign exchange market yesterday and the Bank of Japan bought most of them to peg the dollar temporarily at a post World War II low of 225
    Reuter,; UPI  -  667 words
  • Article
    Lock icon Surplus revised higher
    547 12 Reuter, UPI. JAPAN'S February visible trade surplus rose to U552.34 billion (555.38 billion)'from $375 million in January and $1.25 billion in February last year, the Finance Ministry said in a revised report. The revised figure was slightly higher than the preliminary $2.33 billion surplus reported earlier. The
    Reuter,; UPI.  -  547 words
  • Article
    Joint training is best
    351 12 THE METAL fabrication industry in Singapore, comprising mainly small and medium-sized firms, should consider a collective training scheme to overcome training problems posed by lack of facilities and insufficient number of trainees for a specially-tailored course for each company. Industrial Training Board members, led by Its
    351 words
  • Article
    LONDON STOCKS
    756 12 LONDON, Tues. Government bonds fell by up to 7/8 point today and equities eased slightly In light trading, dealers said At 3 p.m. the Financial Times Index was down 2.4 at 458.1. Bond prices closed up to 1/4 above lowest levels after falling sharply on light selling and
    756 words
  • Article, Illustration
    Lock icon Saudis may not be able to resist hike
    677 12 AP, NYT KINO KHALED of Saudi Arabia has warned President Carter his country may no longer be able to resist a crude oil price increase If the dollar decline continued. The Middle East Economic Survey quoted an official source In Washington as
    AP,; NYT  -  677 words
  • Article
    Call for joint effort to promote palm oil
    752 12 MALAYSIA, the world's largest producer and exporter of palm oil, has called on other producers to Initiate Joint efforts to secure improved trade terms for the commodity. Malaysia's call was made in the light of increasing protectionist trends in developed importing countries,
    752 words
  • Article
    RALLYING BEHIND THE WORLD BANK
    725 12 RESPONDING to grim warnings from Congress, the Carter Administration has mounted an intensive drive to head off crippling actions by the House against the World Bank and other international financial Institutions. Appropriations bills for the IFIS, as these international financial institutions are called, are now
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    Lock icon Narita's big day put off
    384 12 UPI. AN EMBARRASSED government yesterday postponed the opening of the new Tokyo International Airport at Narita Indefinitely In the wake of the destruction of the airport's control tower during a radical raid on Sunday. A solemn-faced Prime Minister Takeo Fukuda called the delay "extremely regrettable"
    UPI.  -  384 words
  • Article
    Buying mission keeps local tills ringing
    328 12 A 15-MEMBER Japanese trade mission hu bought about $1.2 million worth at various goods from Singapore. The team, here since Saturday, represent* the Kobe Imports Merchandise Market (Kimm). an association set up in October to import more into Japan to help trim the country's
    328 words
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    Lock icon THAI BANK PLANS TO UPGRADE FOREX
    115 12 Reuter. THE BANK of Thailand plans to develop and increase the efficiency of the Thai foreign exchange market. Mr. Sanoh Unakul, governor of the bank, made this announcement to a meeting of the Thai Bankers' Association In Bangkok yesterday. Consultations are about to start
    Reuter.  -  115 words
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      54 12 If business you wish to transact With diplomacy, reason and tact, Fosters is the venue For a fine interview Over dinner, a drink or a snack FOSTERS ORIGINAL LONDON RESTAURANT 25A, Amber Mansions.Orchard Road. Singapore 9. Tel: *****6/*****9. Fosters Smokehouse Hotel, Cameron Highlands Foster* Serve Guaranteed New Zealand Prime Beef
      54 words
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    SHIPPING TIMES
    3545 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 (Mini SeanDotch hu a Joint Mrvice
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      317 13 MAERSK UNE SOVICE Ml THE MY ffi )RE 255? 6 LUMPUR ***** lANG *****1 f. KELANG *****0 SHIPPING S Seatrain Lines Inc (USA) Trans-Pacific Service Full Container Service Tn 1 If: FEEDERS SPOtt MOTH ERVSL a votf i V 4 «m 11/4 VEMCI 15/4 VBSCL 22/4 N* «tr 21 -2**
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      316 13 EVERGREEN LINE RED SEA, MEDITERRANEAN SEA LINER SERVICE ETA S'PORE LOADING FOR: EVER PROMOTER Voy. 13-15* APR 7 JEDDAH, AQABA EVER PIONEER Vay. 14-ISN APRS PORT SAID. LIMASSOL LATTAKIA, TRIPOLI (LIBYA) GENERAL AGENTS: CHIP SENG COMPANY PTE. LTD 131 ROBINSON ROAD, SINGAPORE, 1. TEL *****33 (I LINES) TELEX: R*****1 WHITELINE
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      300 13 \\A SAM ICK LINES liner service KOREA/TAWAH/HONG KONG TO SINGAPORE JAM DOW •SAM EUN SAMtCX HAN KOM SAM BOM Inchon Buun Keel unj It Mar 23 Mar II Mar 23 Mar 21 Mar 1 Apr 7 Apr 11 Apr 12 Apr 19 Apr 19 Apr •CALLS P. KELANG 7 APRIL
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      93 13 81-WEEKLY TO MIDDLE EAST DRT RCFM6EMTCD CONTAINER SEWICf A SEA M\LAND ANNOUNCEMENT THAI MERCANTILE MARINE LTD. announces the inauguration of a common carrier container feeder service under the trade name "THAI MARINE UNE FEEDERS" by the Thai flag-ship m/v "KITISAMUT" between Bangkok and Singapore on a 10 day round trip
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      605 14 SHIPPIN IF Hapag-Lloyd TOUT CONTAINERISED TO QUOTE EXPRESS CONVENTIONAL TO EUROPE Span rUx tm B'Lmu (mm H'hwi rhwwMan Awrp -If 1 30/3 2/4 31/3 13/5 U/5 1/5 6/5 HotMU >6,4 9/S »/5 3/* VS IhwlnliiU 20/4 t/5 U/S 22/5 15/5 17/5 Itmmmt 9/5 26/5 6/6 10/6 1/6 4/6 •UMMM (30/4)
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      802 14 £2 SANKYO LINE] AUSTRALIA SERVICE THREE STAR JI/31 Mar KYOSEIMARU 5/1 Apr MAY SKY 9/1* Apr KYOTEN MAIU 20/21 Apr $iW" MPOCT 3/4 Apr t/SApr 22/23 Apr LmPm| for FREM. ADEL, MEL. SYO FREM. AO El. MEL BRIS. SYO AOEL, MEL, SYD BANGLADESH SERVICE MAY BREEZE 15/16 Apr GENERAL AGENTS
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      587 14 mLAND U.S.A./ ASM SERVICE PRY REFRIGERATED CONTAINER SERVICE SAILING EVERY WEDNESDAY FOR POtTS HI USA. CANADA CARIBBEAN. lAPM. (OKA. TAIWAN HONG ROM. THAILAND AND PHILIPPINES 401 M FLOOR HONG LECNG BLDG 16 RAFFLES QUAY SINGCPORF 1 CmtoTiei Service Boo*in{ *****22 Terminal ?570?53 *****37 RO Go one better to the Middle
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      1038 14 Everett Lines I T "BURMESE NATIONAL LINE' UMBtNG FON I HTMTMmM 30/31 Ml vbapr V BFS S C Aoentt in Moloyvo TEPS MALAYSIA Port Kelong Tpl (38)-7335 Penong Tel *****/ ***** CanpMM ArpatiM D« nuiiiiiin llflkwul S. A. C.I.F. "ARGENTINE NATIONAL LINE" LOADINC FOR DURBAN CAPETOWN BUENOS AIRES PATAGONIA ARGENTINA
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      636 14 H JARDINE AN I.MI llMf* Orient Overseas C<mtd*i&i Line FULLY CONTAINERISED SERVICE TO EUROPE (Vl* SUEZ) ('pare P Kricng SalM LaNaera HW| ttm Art* 1/4 2/4 11/4 21/4 22/4 24/4 26/ M 1/4 11/4 27/4 11/4 2/5 4/5 t/S 15/4 ii/ 4 J/5 7/5 5/5 11/5 13/5 22/4 23/4 11/5
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      1211 15 OCL Overseas Containers Limited MmaoflHr soviet ti k/cmtoot: 5 'WKIUM MAftA MT tin m ebinmm HIMIU Mill CM w*a MM la tot 11 Apr a Apr a Apr a Apr 17 Apr 3 Apr llk aiK »>|f SIDKNIIIii 1) Apr IS Apr IMr I«q I May May 4M| n Apr
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      1225 15 Ben Ocean Afxt tervxx of Ben Line BiueFhnneiGien Line and NSMO T» BC/CMTIHEHT (fia tan) Dvt P.ltlMg fwnf (km PATRMLBS Apr 11/11 Apr 11/17 Apr II Nay B.lBpo, Aaut N'taTL DhPlui L'pPPt KMMN 17/11 78/71 Apr 17 Hq UMt, Lom; NalL BEHCRUACHAM 77/71 Apr 1/I Mir 7/ 4 May (Jo*
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      761 15 BEN LINE wh7lkMHi\ X rn« n-rr •mwTT a: t'UV'l XMX gi ff r tari 'ITOg^ BEN ASIA CONTAINER SERVICE express straits/ufam/straits cmtaincr jervke S tort P. ti»| Pmmi I Yoke Cuu lake Maji ASIAN PALLAS 41 Apr I Apt lAp n An I* Apr ASIAN P2INCEII 411 14 Apr 11
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      963 15 Scan Dutch V EXPRESS CONTAINER IUZ >NTINENT/SCANDINAVIA Ftnwr Iraa P. biwi venal KIM* Ml MilIU (lUM't 11/ 4 muu A UHIUI FUMCISCA ttIUUKM mum tari S Hfi U Macilkt 2 Mm 9 Mkurf Cbarj i it/« a/« m hi 11/4 B/ 4 M/ 4 1/ VI IIM VI W 11/»
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      575 15 anirriivib AGENCIES SINGAPORE *****4 PT KELANG 3863P1 KUAIA LUMPUR ***** 1 PE N ANG 36?301 REGULAR IMEPENKNT SERVICE FESCO LINES FESCO STRAITS PACIFIC LINE FBI Mtinc WORTR A SBIITIWUST: Spore P. Klenf Penanf Tmani MV A. NAVOI Apr IS/IT Apr 11/11 Mr 1/ Mr B/11 Apr 11/1* Apr tt/11 FESCO
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      831 16 "K" LINE 11 ii.i.i, r? Kawasaki don kasha ltd. nur cwtajnowei somes ri mm. oru sko Sport P. KtUre LHtvrt HTwrg Brrtaea MNCXMC CONTAINER IW 1 Apr 2 Apr 20 Apr 21 Mr 22 Apr OMENTAL OIIF IW I Apr 11 Apr 30 Apr 2 May 3 May SEVEN SOS
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      634 16 sicwigm SINGAPORE ISLANDS LINE MMmM middle east regular liner A SAFE WAY TO SHIP BY SSA Voy Singapore r. Relang LMM| far: SENANG ISLAND (w Ml I Apr 2/0 Apr Apr Hodt.Mli. leddah. KAWDA Apr WM AMI ISLAND I* Apr 21,22 Apr 21/23 Apr JrtMK. M aah, P Sudan AIICAN
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      1194 16 NEPTUNE ORIENT LINES LTD 'FULLY CONTAINERISED SERVICES: (vuwr MMftONC CMUMEtt IMr I oriental chief Apr >• Apr sewn seas wik is Apr miental RESEARCHER 22 Apr n Apr CHEVALIER H»L 21 Mr 2J I? HEPTIINE CORAL 4 Hay SM» trim CMTIIKI S pan CH*| Tia» IMr 2Mr 11 Mr 21
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      829 16 191 MALAYSIA* m/mMATtOMAi SHIPPING CORPORATION B&tHAD ra> n. aim. EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/CONTINENT/SCANDINAVIA Mr "P. KrlMkj Vewal [UUMI MM rUKItU Ml. Kill nitMu nj rtTuu nuacftcA- nj uaaiun Soot 1) Mmlltt 2) Mm 3) Htarrj 4) Cbart 11/ IV 4 < H/ 4 11/« n/4 a/ 4 1/1
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      816 16 RtOftAß IMEHMCHT SEMI/FOU CONTAINER SEIYKE T1 S'pore P. Kelang Peneng LuM| Far *M.V. AECIS BALTIC 1) Apr Apr 17 Apr S'tw/frdwi/H LkmHk Far S'tw/tdwi/HWi/ A'Mfp. M.V LOR VWAT 29 Apr 21 Apr A'Merp/R'daHi/H'burg. ■.V. BELVAL 1 Maj M-seillcs/S'toa/R'dam/ H'burg/G'burg. •Accept** TkfM|k avi k> aMr N Mjtiat.m. Aaaatt: Smilil MTUUt (PTE)
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