The Business Times, 6 April 1978

Microfilm: NL9628
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURSDAY, TtfMl 6, 1978 50CENTS
    10 words
  • BRIEFLY...
    • Article
      Change of venue
      64 1 RIYADH, Wed. The Al-Riyadh daily said an emergency meeting of the Organisation of Petroleum Exporting Countries due to be held in Geneva on May 4, will be held in Saudi Arabia. It did not say why the venue was to be changed but said the Opec ministers
      64 words
    • Article
      Lock icon El Al doomed?
      57 1 AFP TEL AVIV, Wed. Dismantling of the Israeli airline, El Al, loomed again today, as two ministers proposed its shutdown and the transfer of aviation business here to foreign companies. The proposal was made by Finance Minister Simha Erlikh and Transport Minister Meir Emit as airline personnel
      AFP  -  57 words
    • Article
      Banking on mergers
      61 1 TOKYO, Wed. Finance Ministry officials said some smaller Japanese banks may effect tie-ups and mergers due to deterioration of their business. Because of a sharp decline In bank profit margins due to the domestic recession and lower interest rates, some smaller banks have fallen into the category
      61 words
    • Article
      Lock icon Don't go it alone
      70 1 Reuter. TOKYO, Wed. Japanese companies planning to invest In Britain may sometimes do better to form Joint ventures with British partners, rather than trying to go It alone as In the past. Minister of State at the Department of Industry, Alan Williams, said the failure of
      Reuter.  -  70 words
    • Article
      Lock icon Jakarta project aid
      59 1 Reuter. JAKARTA, Wed. Indonesia and Canada today signed a loan agreement for Cs2l million (Ss42 million) to finance the provision of services and supplies for an aerial survey project In Indonesia. The agreement on the financing of the "Resource Aerial Photography Project" (RAPP) was signed by Foreign
      Reuter.  -  59 words
    • Article
      Lock icon Opec drops
      55 1 Reuter. WASHINGTON, Wed. The trade surplus of Opec dropped from $66.2 to $59.3 billion last year. The latest statistics of the International Monetary Fund show that Opec exports last year were valued at $144 billion, up from $133 billion, while imports rose more rapldly*4B4.7 billion last year against
      Reuter.  -  55 words
    • Article
      Lock icon Bonn jobless down
      29 1 Reuter. NUREMBERG, Wed. The number of unemployed In West Germany fell by 10 per cent to 1,089,969 In March, the Federal Labour Bureau said today. Reuter.
      Reuter.  -  29 words
    • Article
      Lock icon Dow Jones
      82 1 UPI NEW YORK, Wed. Stocks headed higher early today in active trading as Investors tried to sustain a bargain-hunting rally begun the day before. The dollar's stabilising abroad was one factor in the advance. The Dow Jones Industrial average, which gained 4.33 points yesterday, was ahead 0.26 point
      UPI  -  82 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      125 1 Rises Most octive M Tobacco 040 +50 Haw Par 209.000 ST P 1975 560 10 UIC 260 +7 Sin Chew 146.000 Metal Box Spore 252 +7 API 142,000 Apollo 187 +7 Hanyang Pre** 85.000 Hume M 181 +6 Total Turnover: 3.41 m Berjuntai 710 +5 Total Value:
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    • Article, Illustration
      In Kuala Lumpur
      171 1 Rises Most active YeoHS(M) 1.94 .14 Sentosa 176,000 M Tobacco 9.60 .10 Haw Par 143,000 Pegl 4.68 .08 A.P.I. 139.000 S.M. Ind 1.40 .05 Pa hang Con 123,000 Total Turnover: 2.99m Falls Total Value: MJ6 49m S Trading F and N 6.65 4.38 .20 .18 Indices O
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  • Article
    No relief yet for contractors
    949 1  -  CLINKER SUPPLY HOLDS SWAY By RONNIE LIM CEMENT PRICES In Singapore, which are highly dependent on the cost of clinker from overseas, are not expected to stabilise until at least the end of next year. Expansion projects undertaken by clinker suppliers in Japan. Taiwan and
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  • Article
    Lock icon AIMING FOR THE 200-YEN LEVEL
    211 1 Reuter. THE Japan ExternaTTrade Organisation (Jetro) said its Frankfurt office has reported that foreign exchange market sources there believe speculators are aiming at an exchange rate of 200 yen to the US dollar. The sources also consider it an important political gesture that Japan was
    Reuter.  -  211 words
  • Article, Illustration
    Private housing can take heart Vexing guidelines
    806 1  -  •y SIVA ARASU THE PRIVATE housing market will boom again in the next decade. This happy outcome will materialise despite the falter in housing starts last year compared to 1976. Private developers reported a 32.3 per cent drop in direct investment from the
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  • Article
    Japan and US are our top trading partners
    246 1 JAPAN continues to be the top exporter of goods to Singapore with $412.2 million worth streaming into the Republic in February. Saudi Arabia came second with $286.8 million followed by the US with $243.8 million, according to figures released by the Department
    246 words
  • Article
    Tokyo eases entry of Asean goods under GSP
    415 1 JAPAN HAS extended its special tariff preferences under the Generalised Scheme of Preferences to Asean goods of "cumulative origin" as from April 1. This was confirmed by the Trade Department yesterday following a Tokyo report which said that the decision has been
    415 words
  • Article
    Lock icon BATAM REFINERY
    129 1 Reuter OFFICIALS from Kuwait, Indonesia and Malaysia's national oil company, Petronas, will meet in Kuala Lumpur today to discuss setttng up a US$l billion (552.31 billion) oil refinery on Indonesia's Batam island south of Singapore, informed sources said. The three countries late last year agreed In principle on
    Reuter  -  129 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      2 1 AKAI IL
      2 words
    • Advertisement
      Page 1 Advertisements Column 2
      118 1 A MOST Gffi! Peugeot 604 exudes luxury. It's rigid body is protected by Electrophoresis and six handsprayed coats of paint plus a top layer of varnish. Insulation from noise and vibration is achieved via a floating differential, seats that are tuned to the fully independent suspension and extensive padding for
      118 words
    • Advertisement
      Page 1 Advertisements Column 3
      76 1 SHIPPING TIMES PEOPLE in business TIN producers demand consultation TIPS for wood-baaed industry PASIR Panjanf up and coming regional port WORLD Bank chief says his piece FORUM with John Tan SELF-poUcing in the City 7 PRIMA Flour unexciting years ahead II HARD knock for Olympia Plywood U THREAT to local
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    • Advertisement
      Page 1 Advertisements Column 4
      385 1 ("<_(@//~.+,/,`,]^}<=|,@<:^%<[$ THESE ARE THE BOOKS THAT HITLER BURNED -a S! THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind, the thoughts and theories that have built democracies,
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  • TRADE AND INDUSTRY
    • Article
      Lock icon Demand for full consultation
      522 2 GSA STOCKPILE RELEASE Reuter. MALAYSIA is expected to spearhead tin producers' demand to be consulted fully by the United States before any future release from the OSA tin stockpile. The Primary Industries Minister, Datuk Amar Hajl Abdul Talb Mahmud, will be presenting the Malaysian case. He
      Reuter.  -  522 words
    • Article
      Soil improvement project
      431 2 THE Port of Singapore Authority has awarded an $11.6 million contract to Techniques Louis Menard SA for a soli Improvement project at Changl Airport. Announcing this yesterday at the signing ceremony, Mr. A. Vljlaratnam, director of civil and structural engineering for the PSA, said that this project
      431 words
    • Article, Illustration
      Exxon Chemical chief coming
      64 2 THE SENIOR vice-pre-sident of Exxon Chemical Company Worldwide, Mr. Ray Nesbitt, will review the activities of Essochem Singapore, the company's local affiliate, when he arrives in Singapore on April 11. Essochem manufactures solvents and markets a wide range of chemicals. Mr. Nesbitt is responsible for Exxon
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    • Article
      IBM CHIEF VISITS MANILA
      69 2 MR. HOWARD Flgueroa, vice-president (Far East), IBM World Trade Americas/ Far East Corporation, who was in Singapore for a two-day visit, left for Manila yesterday. During his visit, he called on top government officials to discuss and review long range data processing requirements. Currently, several government
      69 words
    • Article
      Lock icon Tokyo watch on m-cycle sales
      528 2 Agencies. THE JAPANESE TradeIndustry Ministry plans to hold down exports of motorcycles this year to not more than last year's level. Motor industry sources said the ministry will soon ask motorcycle manufacturers to report their shipment schedules quarterly to check the export level. This will
      Agencies.  -  528 words
    • Article
      Know-how for Peking
      225 2 THE MITSUBISHI Group, Japan's largest business conglomerate, will soon provide China with soft and hard technical assistance, including nuclear and computer technology, Informed sources said In Tokyo yesterday. The long-term agreement is part of Chlna T s effort to attain its 10-year modernisation programme proposed last year
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    • Article
      Quality of wood product counts in the West
      394 2 MANUFACTURERS of tim-ber-based products In Asean, particularly Singapore, must concentrate on quality If they hope to penetrate the European market. Mr. Malenclo Laxamana of the Philippines Forest Products Research Commission said yesterday that Europe is a big market for Juallty furniture and
      394 words
    • Article
      WHERE PRICES ARE LOWER
      186 2 A FURNITURE shop that once retailed its goods in posh surroundings In an expensive shopping centre, has now adopted a new style of marketing by selling from a warehouse. Rocco Furniture Discount Warehouse, will open on April 15 at Room 201-212, second floor, Block 1, PSA
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    • Article, Illustration
      PEOPLE IN BUSINESS
      181 2 KODAK (Singapore) Pte. Ltd has announced the appointment of Mr. Gerald E. Krotter as marketing manager. Mr. Krotter was administrative manager of Kodak (East Africa) Ltd. now known as the Kenyan Photographic Supply Company Ltd, before coming to Singapore. At the AOM on Feb 25, the following
      181 words
    • Article
      London course on financial skills
      125 2 FINANCIAL management for the non-financial executive is the theme of the twoweek course organised by the Financial Times and The City University Business School of London, to be held in London, from July 10 to 21. The course is designed for middle and senior management
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    • Article
      Numerical control talks
      78 2 A TWO-DAY seminar on numerical control ends today. It Is held at the Jurong Town Hall from 9.00 a.m. to 1.00 p.m. Friedrlch Deckel, a leading machine tool manufacturers, Is conducting it. The seminar Is organised by C. Melchers and Com- pany, agent for Fried rich Deckel
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    • Article
      MEMO PAD
      141 2 DATE TITLE LOCATION ORGANISER COURSES AND TALKS April 3-20 Industrial Relations Hilton Personnel Organisation Development April 24May 11 Employee Training Development Hilton POD April 27 Export Financing Shangri-La IBF May 15June5 Compensation Employee Benefits Hilton POD June 25July 3 Employee Relations Communications Hilton POD July 613 Financial Aspects
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      372 2 Leader Page 6 Other New Penguins: 1. The Temple of Dawn: Y Mishima The third novel in Mishima's final tetralogy. The Sea of Fertility. In Bangkok, Honda discovers Princess Ying Chan, the second reincarnation of of his friend Kiyoaki. Years later she reappears in Japan where the ageing Honda commits
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      602 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I Water the flowers (5) 6 Train? Yes and no (5) 9 Youth or young rascal In America (7) 10 Character showing a burst of anger (5) 11 Fruitful explorer (5) 12 Halts a lot of little devils (5) 13 Unholy and cruel as can
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  • OVERSEAS
    • Article, Illustration
      True intention towards C$ clouded by polls
      754 3 CANADIAN Prime Minister Pierre Trudeau, facing a late spring election, has decided that the slide In the Canadian dollar must be halted or Inflation will get out of control. Money market analysts commented following the Bank of Canada's Increase In Its bank rate
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    • Article
      Lock icon UK MONEY SLOWS
      324 3 Reuter. BRITISH money supply growth continued to slacken In the March banking month, but It is still doubtful whether overall growth will be kept within the government's guidelines for the financial year which began this month. Banking sources and money market analysts draw this conclusion from Tuesday's
      Reuter.  -  324 words
    • Article
      Threat of veto ignored
      86 3 IGNORING the threat of a presidential veto, a joint congressional committee agreed on Tuesday on a flexible farm subsidy plan that would raise grain and cotton supports, and cost taxpayers at least US$2.l billion (554.85 billion) this year. The committee adopted in principle a measure by
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    • Article
      Lock icon Coal strike looks settled
      358 3 Reuter STRIKING US mine construction workers appear to have accepted terms for ending their dispute in a vote which would finally end America's longest coal strike. With 70 per cent of the vote counted late last night, the United Mine Workers Union (UWM) said 2,306 construction
      Reuter  -  358 words
    • Article
      Lock icon Imports of West down
      267 3 Reuter THE INDUSTRIAL world's Imports fell to US$6l.9 billion (Ssl43 billion) in January from $64.35 billion in December, the IMF's International Financial Statistics publication shows. US imports fell to $13.52 billion in January from $14.2 billion In December, and West German imports to $9.16 billion from
      Reuter  -  267 words
    • Article
      Lock icon Fed chief puts inflation at a higher rate
      518 3 NYT US FEDERAL Reserve Board chairman, William Miller, has forecast a slightly higher rate of Inflation than the Administration and a slightly lower rate of economic expansion. In a letter to House Banking Committee chairman Henry Reuss, Mr. Miller said inflation would
      NYT  -  518 words
    • Article
      FIESTA TIME IN EAST EUROPE
      129 3 FORD ts achieving considerable sales success in Eastern Europe its Fiesta has been voted car of the year in Yugoslavia, an order for 500 Escorts worth US $2.5 million (Sss.B million) has been secured from Poland. Ford is displaying both cars and commercial vehicles at
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    • WORLD IN BRIEF
      • Article
        U.S. DEFICIT CUT URGED
        380 3 US HOUSE budget committee chairman, Robert Glalmo, recommended a federal deficit about US$3 billion (556.9 billion) below that proposed by President Carter. Mr. Giaimo said he will recommend his committee to approve a budget calling for spending of $500.8 billion, revenue of $443.3 billion and a
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      325 3 r «r BMW 7 Series BMW 6 Series ;v V >",.. sf ":.V BMW 5 Series BMW 3 Series From BMW, it's total commitment all the way... V Vt J f A -r "a" < v i. \V-' i ■"•■>;.■ A; The BMW 7 Series A new concept of motoring
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      472 4 THE MARKET opened fractionally lower here yesterday, following lower London advices. Thereafter, it fluctuated narrowly In quiet conditions with some stale bull liquidation absorbed by short-covering. Forwards were quiet and volume was small, dealers said. The morning session closed quietly steady with April One RSS buyers
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    • Article
      Closing prices
      28 4 Rubber: April 5 Singapore: April 199.50 cents (down 0.25 cent) Malaysia: April 204.25 cents (uncb) Tin: 51.476 (down 123) Official offering: 235 tonnes (up 5 tonnes)
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    • Article
      RAS PRICES
      310 4 Price* In cent* per kilo yesterday: Noon (per kilo) Close (per kilo) Buyers Int. 1 R.S.S. prompt f.o.b. 199.00 Int. 1 R.8.8. AprU 199.73 Int. 1 R 8.8. May 200.25 Int. 2 R.8.8. 199 SO UK/Cont. 194.50 Int. 3 R.8.8. 192.50 UK/Cont. 191.50 Int. 4 R.8.8. 189.50 UK/Cont.
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    • Article
      SSR AND SMR
      107 4 NOON SSR and SMR prices yesterday: April May HAS (CuireBt Mth) (Forwa H Mth) Buyer* Seller* Buyer* Seller* (cei ■taparkf) (cent* per kg) SSR 20 (1-ton pallet) 102 00 194.00N 103.00 105 00N SSR SO (1-ton pallet) ISO 00 102OON 101 00 103 00N MRELB SMR5CV (1-ton
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    • Article
      Soybean
      203 4 SOYBEAN futures In Chicago on Tuesday drove to both sides of Monday's close in nervous trading before closing 12 to 1/2 US cents a bushel higher, led by the May contract. Initial firmness was lost quickly as the market retreated In response to commercial selling and sharp losses in
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    • Article
      Wheat
      71 4 WHEAT futures ended the Tuesday session in Chicago just below new contract highs in new crop Months, finishing with gains of 6 3/4 to 9 1/2 US cents a bushel. July wheat closed at US$3.2O 1/2 after reaching $3.22 1/4 earlier. The market showed some early uncertainty, fluctuating to
      71 words
    • Article
      Produce exchange
      425 4 STEADY conditions prevailed in dull trading on the Singapore produce market yesterday. Copra was quoted at <55 per picul by the Singapore Chinese Produce Exchange In line with current market levels. This was lower than the $57 quoted on Tuesday but dealers had been trading around the $50
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    • Article
      Coffee
      263 4 ROBUSTA futures In London yesterday opened about steady c 8 to C 25 up from Tuesday night's close in sales of only 139 lots. May ended the opening call t'B up at £1,416 after trading at £1,419 stg. September was £25 higher. There was no fresh news affecting fundamentals
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    • Article
      Cocoa
      219 4 TERMINAL cocoa In London yesterday moved either side of Tuesday night's close at a thinlytraded opening call but finished with modest gains. Post-call trading saw prices, however, easing under speculative selling but the overall tone was lrreJular reflecting lack of resh Incentives, dealers said. They said the first quarter
      219 words
    • Article
      Palm oil
      65 4 C.I.F. US dollars per ton. LONDON Tuacday Previous Malaysian 5% ffa bulk June 558 sir 573 air Sumatra 5% ffa bulk April May unch <35 pd unch 015 slr/610 pd June 585 qtd 577.50 pd July 550 qtd/547pd 570 tlr August 542'< qtd/540 pd 555 sir September ROTTERDAM:
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    • Article
      Rice
      99 4 BANGKOK rice prices yesterday were quoted unchanged as follows: (In US dollars per tonne f.o.b. basts Bangkok > While Rice: 100 pet Ut class 437.100 pet 2nd class 422 100 pet 3rd class 417. 5 pet 408 10 pet 385. 15 pet 387 20 pet 382 25 pet 372.
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    • Article
      Straits tin
      263 4 THE STRAITS tin price In Penang yesterday fell Ms 23 to $1,470 per plcul, $24 below the International Tin Agreement celling. Dealers attributed the fall to the lack of support at the lower price range following the declines on the London Metal Exchange and New York market for
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    • Article
      Sugar
      281 4 TERMINAL sugar In London yesterday opened ll to 11.30 per tonne down from Tuesday afternoon's closing levels. Turnover totalled 883 lots. The market opened easier under a continuation of Tuesday's commissionhouse selling which pushed near August down to €10.50 per tonne. Scale-down trade buying gave some support at the
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    • Article
      Lock icon Bean carryover below forecast
      251 4 Reuter. CARRYOVER stocks of soybean may be lower than expected for the US at 180 to 200 million bushels on Aug 31, compared with the unusually low year-ago carryover of 103 million bushels. Robert Wlsner, lowa State extension economist, said this in his regular market report
      Reuter.  -  251 words
    • Article
      Lock icon US palm oil imports shot up in February
      157 4 Reuter US IMPORTS of palm oil in February rose to 44.5 million pounds from 31.4 million pounds the previous month, and were up from 41.4 million pounds in February last year. Census Bureau figures released recently, show that the bulk of the
      Reuter  -  157 words
    • Article
      Copper
      306 4 COPPER wire bars finished the morning in London yesterday showing gains of (.16 for cash and €15.50 for Three Months. Values moved higher on the pre-market under shortcoverlng prompted by reports from New York of some improvement recently in Japanese physical offtake. Three Months traded up to 1722 per
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    • Article
      Silver
      227 4 SILVER on the London Metal Exchange yesterday finished with losses of 3.2 to 3.3 pence per troy ounce. Lower levels at the outset reflected overnight losses at New York and the decline In gold, trade sources said. But the market later rallied partially aided by the trend In base
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    • Article
      Gold
      266 4 THE KILO BAR in Singapore was quoted nominally at 5513.400 yesterday. In the loco London market, the metal was quoted nominally at U*****.75. The London morning gold fix was U*****.05, a drop of $1.85 from the previous fix. Source: Sligiau Retail prices per tael ?uoted by the Singapore hlnese
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    • Article
      Lead
      114 4 LEAD finished the morning in London yesterday with gains of mostly £4.50. This metal reflected the strength in copper and zinc, with short-covering lifting Three Months up to £318 on the pre-market. Values were shaded during ring and kerb dealings in moderate two-way activity. Sales of 4,850 tonnes were
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    • Article
      Zinc
      115 4 ZINC closed the morning In London yesterday with gains of £13.50 for cash and £12.50 for Three Months. Values forged further ahead on fresh buying and continued chartist operations prompted by the confirmation of strikes at three of Vieille Montagne zinc plants, due to start on April 10. The
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        476 4 THE FOREION exchange market yesterday saw the US dollar holding steady under thin trading conditions. Opening at 219.20/30 against the yen the dollar weakened marginally to 219.00/10 by the time Tokyo closed in early afternoon. But the US unit recovered during London opening to 219.25/35 and when last
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      • Article
        Minimum lending rates
        71 4 THE PRIME rate of moat commercial banks la Singapore now stands at 7 psr cent. Ovareea-Chineee Banking Corporation is still offering 6V. par cent to its best customsrs while both Chartered and United Commercial Bank are maintaining their prime rates at 714 per cent. The stated prime
        71 words
      • Article
        Asian $ rates
        163 4 Asian rates ASIAN currency deposit Interbank rate* u st clow on April 5 US DoUa it» (8pn) 7 days 7 6 7/8 1 mtti 13/16 7 11/16 2 mths 7 V16 7 1/16 3 mths 7 1/2 7 3/8 6 mths 7 3/8 7 5/8 9 mths 7 15/1# 7
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        Discount
        7 4 1WW Source: National Discount Co Ltd.
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      • Article
        Euro $ rates
        137 4 Euro rates LONDON Eurodollar deposit rates held steady In quiet trading yesterday. Time deposit rates were adjusted lower for the Friday start and have since shown little change, dealers said, the Three Month rate was relatively steady at 71/2, 7-3/8 per cent because of a Friday end-of-perlod technicality while Six
        137 words
      • Article
        Treasury bills tender
        40 4 THE Monetary Authority of Singapore Invites banks and discount houses to tender for a total of Ss3o million 91-day Treasury bills to be Issued from April 10 to 14. Each tender must not be less than $250,000.
        40 words
      • Article
        London
        298 4 A FIRM undertone was shown by the US dollar yesterday In thin early trading here, edging upwards from Tuesday night's closing levels against the mark, Swiss franc and French franc but largely unchanged on opening Indications. Against the yen", the US unit traded around 218.85/ 219.00, above Tuesday night's
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        New York
        314 4 THE CANADIAN dollar fell to a new 45-year low against the US dollar In quiet late trading on Tuesday, while other major currencies were generally lower against the US unit. The Canadian currency came under Increasing selling pressure In the afternoon following Its gain In the morning on
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      • Article
        Tokyo
        170 4 THE U8 dollar for overnight delivery yesterday closed higher at 219.40 yen, compared with a 219.10 opening and 218.35 at Tuesday s close. Trading was moderate with volume U***** million. After opening higher reflecting overnight dollar firmness abroad, the dollar eased In early trading to 218.70 yen on renewed
        170 words
      • Article
        Zurich
        52 4 ZURICH exchanges closing quotes on April 4: US 1 8730-8780 814 3.4626-8668 Can 1.8603-6637 O Mk 89 8366-7764 D PI 66.6616-6122 P Ft 80.6176-41.6276 B Pr 5 #197-8348 D Kr 33.6176-6635 N Kr 35.0467-1176 S Kr 41.6671-0663 Ut 0.2361-2206 Au* *ch 12.6751-6048 Port 4.5627-6637 Spain 2.3446-3600 Art 0.26-36 Yen
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      • Article
        Australia/NZ
        54 4 AUBTRALIA and New Zealand exchanges on April AUSTRALIA: US dollar 1 1472/1 1434 Sterling 0 6158/0 6866 Ninety-day air mall buying rate*: Starting 0 6111 US dollar 1.1773 Ninety-day forward buying rata*: Sterling 0.6186 US dollar 1.1462 NSW ZEALAND: Starting 0.5614/0.5483 US dollar 1.006/1.000 Ninety-day airmail buying rata* Starling
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      • Article
        Frankfurt
        46 4 FRANKFURT exchanges opening quotes on April 5: US 2.0166/ 66 (2.6166/ 0966) can i.mtm St* 3 786 ms D PI 69.80/66 S Pr 167.66/66 Ut 2.367/377 P Pr 84.06/16 N Kr 37 .75/65 B Pr (con) 6 382/387 B Pr (fin) 6.37/36 Yen 0 9215/30
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      168 4 COLLKTINQ Oriental Antio^ej ra i V siai Aw v y 0? IS ■rp *s*. by Judith Moorhouse and Dries Blitz Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too
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  • TRANSPORT
    • Article
      Lock icon PanAm will buy from Lockheed
      387 5 Reuter. PAN AMERICAN World Airways Is to buy 12 Lockheed 1011 wide-body Jets equipped with Rolls Royce engines, along with options to buy 14 more. Cost of the purchase, which will be the airline's most Important since It ordered the first Boeing 747 Jumbo Jets
      Reuter.  -  387 words
    • Article
      SHIPS IN PORT
      418 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Centaur (1330 after Universe) 42/43 Golden Wonder (1500) 13/14 King Sun (after Htan Taw Ywa) 22 Maxim Oorkiy (1200 after Turkmenlya) 48 Ocean Supply (B. Barge) (1500 48 Prometheus (Oroup I On Board) (1500 after Bunga Or kid) 33/34 San Oeorge (0600)
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    • Article
      Pasir Panjang fast becoming regional port
      739 5  -  By CHAN BONG SOO NOW IN its final phase of development, the Paslr Panjang wharves complex Is establishing Itself as the regional port of the future. The complex, covering some 47 hectares or reclaimed land, Is expected to be completed by October next year.
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    • Article
      Lock icon LONDON FREIGHT
      183 5 AP. AS THE ST. Lawrence season got under way with the opening of the seaway at Montreal, the booking of prompt to forward tonnage for grain In this loading area Is particularly significant. A.D.M. took a 16,000-ton vessel on Tuesday from the Great Lakes to Holland after an
      AP.  -  183 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      652 5 ARRIVALS sorv Operator Nam M Local kar Tim* Fna MAS MH682 0729 KCH OIA OA 980 1030 HLP CPA CX710 1005 HLP RBA BI323 102S BWN SIA SQ209 1045 HLP OIA GA944 1055 PKU OIA O A 908 1100 MES PAL PR501 1125 MNL OIA OA 982
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      131 5 Dunlop proudly announce the professionals These 4 top international golfers will now play the made-in-Malaysia Dunlop Maxfli ball exclusively on the Asian Circuit. k 1 M f IV *nit I: .<f# L •1 AM'c v Brian Jones Winner of the 1978 Malaysian Open f ■mm} Ben Arda Winner of the
      131 words
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  • Article
    Keep it orderly Uncle Sam
    453 6 IT NOW looks as If the U8 government will be going ahead with plans to reduce Its gold holdings kept In the vaults of Fort Knox. This has been anticipated for some time In the market though no official statement to that effect has been
    453 words
  • Article
    Return control to the Tin Council
    362 6 THE threat of the release of 45,000 tonnes of tin from the OSA stockpile by the US has led to a sharp fall In the tin price in recent months. The price Is now below the buffer stock celling of $1,500 which would imply
    362 words
  • Article, Illustration
    President of World Bank speaks his mind
    3121 6  -  US congressional criticisms of the World Bank's operations have been growing. The grounds range from human rights concerns to protectionist impulses, to demands that the Bank be subjected to closer congressional control. The Carter Administration, worried about the implications for restricting the Bank's
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  • Article
    SPOTRADIO
    45 6 MR DAN Soon, managing director of Spotradlo Sdn. Bhd. has pointed out to us that his company achieved a 50 per cent rise in sales in 1976 and not 15 per cent as stated In yesterday's article on this page. The error is regretted.
    45 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      115 6 m m 7/NS 7 sinoopura FORUM HOTEL US Orchard Road, S'pore t. 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 Bar Dally (except Sunday) open
      115 words
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      Page 6 Advertisements Column 2
      123 6 Hotel Tskmgapof^ 406/407 Havelock Road, B'pore 3. Tel: 432N1 lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Miss Shlao Pin (Taiwan), Constellations. Miss Tammy Wong, Sonny Bala The New Moonglows, Anna Mlna (from Japan) and Louis Tan Limited 3 treat you
      123 words
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      Page 6 Advertisements Column 3
      86 6 DAMADA IYhotelA HOTEL ROYAL-RAMADA Newton Road, S'pore 11. Tel: *****1 Emperor's Room Try our most talked-about air-flown steak and our Indonesian speciality, Ikan Mas. A special International Buffet awaits your pleasure on every Sunday from 12 noon to 3 p.m. Adult $8/ 10% 3% Children $5/ 10% 3% Ramada Lounge
      86 words
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      Page 6 Advertisements Column 4
      172 6 Cockpit %ot<l 6/7 Oxley Rise/ Penu| Road, S'pore 9. Tel: *****1 Chanticleer Restaurant Discover Singapore's most exciting new restaurant. Taste the most mouth-watering masterpieces of European cooking, prepared from only farm-freshest Ingredients. Sip your choice of great wines and drinks In Chanticleer's unique olden days atmosphere. Make your own kind
      172 words
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      Page 6 Advertisements Column 5
      109 6 M SMGAPORE HtJOM 581 Orchard Road, S'pore 9. Tel: *****3 Springtime in Paris March 27 April 15 '78 Folies Montmartre A dazzling dance revue from Paris 10 p.m. nightly Place Pigalle 23rd Floor Cristallerie Daum For the first time on display in Singapore Priceless glass sculptures 2nd Floor Restaurant Les
      109 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      62 6 WEATHER WEATHER outlook for Singapore from 6 a.m. to noon today: Isolated showers. Report for 24 hours prior to 7.30 p.m. on April 15 at the airport. Maximum Temperature 29.8° C Associated Humidity 78 Minimum Temperature 23.0° C Associated Humidity 96 Hours of Sunshine 2.40 Rainfall in Millimetres 15.2 Total
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      247 6 SINGAPORE 5 3.00 PM Opening followed by Window (Chinese, Repeat) 3.30 Diary of Events (Chinese) 3.35 Eight Heroes of Shou Lin (Mandarin, Repeat) 4.20 Intermission 6.00 Opening followed by Lassie Rim of Disaster (Part 2) 6.30 News in Brief 15 6.35 Warna Warni (Malay, Repeat) 7.05 Candid Camera 7.30 News
      247 words
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  • Article
    Lock icon London's SEC may prove inadequate
    1944 7  -  Br RICHARD LAMBERT FT. AFTER a year and a half of thought, the City of London has produced its answer to the Securities and Exchange Commission, which for over 40 years has used Its statutory powers to control the US securities Industry. That answer takes
    FT.  -  1,944 words
  • Article
    STRAWS IN THE WIND
    594 7 OUR MAN in Borneo reports that residents of the island of Labuan are up in arms. For the second year running, their island, off the north coast of Sabah. mid-way between Sabah capital. Kota Kinabalu, and Brunei's. Bandar Seri Begawan. has been omitted from the official
    594 words
  • Article
    Making sense of the silence
    944 7  -  (FOBPMXfe^ ...OD industry »y JOHN TAN ONE OF the stories carried In Business Times last week seemed little different from many others like It. A survey canvassing the opinions of Japanese managers here had concluded that Singaporeans were not very aggressive, nor well trained, nor
    944 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      294 7 iHI 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
      294 words
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      Page 7 Advertisements Column 2
      23 7 ii MM OLD SCOTCH WHISKY jrlfik *«*W lons Diwai GS<m lMiT« *<ori*»» The Ancestor of Whisky sc mfM't v/k a, m >1'" "*AJ
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  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      33 7 Bri Stow: JWcDuieos HfWiNG LOCPfSeD Trtt OFFeMDtR Pi TRAFFIC UPRDtN Tpi<es> ftPpßOPGlprte fNcroH »e. oßffes out ps Ticker l-RND P*LL OR (Ting, TiGKfeJS NOT eNCOGW I<cQ > f LJftNTS To J l wssesr People
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Moderate trading
      1093 8 NEW YORK STOCKS pushed higher in moderate trading on TuesdayAnalysts said technical (actors were primarily res ponslble The market had lost ground In the past three con•"'TOCutlve sessions and soine bargain hunting was inevitable. said. But they noted the problems forced the market down rejnain Inflation, fear of
      1,093 words
    • Article
      Toronto
      265 8 THE market closed broadly •••tower In active trading on Tuesday. Both the gold and metals in- "dices dropped sharply. Thecomy poslte Index was off more than four points and declines outpaced advances 215 to 190. Twelve sub-groups fell and ,two rose. > General Motors lost %to 88%, Inco "A"
      265 words
    • Article
      Selected indices
      63 8 FINANCIAL TIMES INDUSTRIALS Tuesday 467.8 Monday 462.5 Week Ago 460.1 DOW JONES AVERAGE INDUSTRIALS Tuesday 755.37 Monday 751.04 Week Ago 758.84 LONDON DOLLAR PREMIUM Tuesday 101 to 101 Vi Monday 99v. to 100*4 H.K. HANG SENG Wednesday closed Tuesday 451.67 Week Ago 448.41 SYDNEY INDUSTRIALS Wednesday 402.24 Tuesday
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    • Article
      Frankfurt shares higher in lively trading
      385 8 El 'ROPEAX MARKETS h A MOST bourses were firmer on Tuesday. Frankfurt shares row In lively trading, dealers said. Deutsche Bank rose 3.30 marks on news that the bank will pay in eight mark dividend, down from nine marks last time, giving a total
      385 words
    • Article
      Frankfurt
      208 8 APR M Dm Ael-Telefunken 89 SOB 23 40 Allz U-ben 620 ♦2 Allz Vers 486 2 BASK 139 ♦0.9 Buy H T Wbank 285B Bay Vbank 317 50B Buyer 142 1.3 BBC 301 1.5 BMW 226 50B C.i.vsella 370B Client Verw 241B t° ommerzbank 235 40 ♦3 7 Conn
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    • Article
      Paris
      286 8 APH CM Frs CORBE1LLE Air-Liquide 282 1 B S N Ot>rvuis Lfci none 405 -12 CS K (ThomsonCM» 203 80 5.7 l"ie Fruncaise dps P» troles 117 50 1.4 Compagi'ie Kinanciere C'ompaRnie Generate 355 ♦08 Credit Koncier De taw 332 20 ■0 8 HMMK (Libraine) 164 -1 Machines Bull
      286 words
    • Article
      Jo'burg
      377 8 GOLD shares were easier on Tuesday in line with lower bullion indication. Dealers said trading was quiet with minimal overseas Interest, though selected shares turned slightly harder towards close Financial minings were mostly easier In line with producers. De Beers fell 10 cents to 530 on mixed selling, they
      377 words
    • Article
      Amsterdam
      237 8 APR M Fls ABN 345 00 -u.s AhoM ***** -I Akzii 24 90 l.l AMKV «0 0 2 Amfas 104 SO 1.4 Amrot Bunk 73 40 -0 1 HrrfUH S5.00 0 2 Berk 95 70 unch Bols 58 00 -0 5 Borsumij 140 30 ♦0 8 Burhmann 65 20
      237 words
    • Article
      Brussels
      110 8 AHK *4 Frs KOKWAHD MARKET Inr 221 2 Arl*-<i 2210 10 AMur S48 unch lb.i van 440 5 BiuL-imb 1430 unch C»n|nr 478 CiK-k .150 -1 !>• Berrs 175 unch t h»-> 2400 40 Kl«t trobfl 6170 20 Gh- liinu-Biii 2000 40 C»«*v 1264 unch Hobok 2120 -25 Hflro
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    • Article
      TOKYO
      390 8 STOCK prices rose sharply In heavy trading on extensive buying interest led by Foods and Pharmaceuticals. The market average gained 48.16 points for a post-war record high of 5.527.90 with volume 510 million shares The Tokyo Stock Exchange Index was 410.62, up 3.64. Export-orientated shares Including Matsushita Electric Industrial.
      390 words
    • Article
      Zurich
      184 8 APR M Francs Art tun* Sulsaes 270 unch Alusuisse Br 1210 -IS AIumiis.it Krg 555 -4 Itri>wn Bovert Br 1635 -5 Cibu (»-igy Br 1200 -20 t'iba (.in) PC 890 5 cthu Oeigy Kr( 656 1 Credit Suisse Br 2410 10 < n-rtil Suisse Reg 465 3 klektrnw.Ul Br
      184 words
    • Article
      Milan
      105 8 APR 04 Ure AllH- 98 -0 25 Asm* Gen ***** 160 Bustofi 408 -2.5 Cenlrulr 3497 -3 Fuil 1948 18 KlIIMder 75 25 ♦0 25 Gen lininob 76 25 ♦OS IKI Pri 2107 ♦8 llalcemenU ***** -325 llulKas 827 -I UalMder 126 -3 M.mneti M HI 392 -0 5
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    • Article
      Sydney
      257 8 APR M Cents INDUSTRIALS A. C. 1 1M A.N.I 130 A P M 122 Ampol Pet 75 BHP MM Bank NSW 520 1 +1 1 +1 t +2 unch 1 +10 1 «-4 Bora: 235 -7 Brambles 171 I C. B A 230 -I C S R 256 4-1
      257 words
    • Article
      Mutual funds fare better
      820 8 IT IS fair to say that mutual funds generally did better In the latest quarter than did index funds which attempt to mirror the results of leading market averages In the US. Figures just out for the three-month period ended March 31 show that the mutual
      820 words
    • Article
      CHICAGO BOARD OPTIONS
      1357 8 April 4 0 N I HE Chicago Board Options Exchange, a total of I?; 633 spssr* ttmdedon Tuesday> compared OPTION APL JLY OCT STOCK Alcoa 40 7/16 1 5/8 UNTRD 393/8 Alcoa «i UNTRD 7/16 15/16 39 3/8 Alcoa SO UNTRD NOL NOL 393/8 Alcoa to UNTRD
      1,357 words
    • Article
      Manila
      91 8 APR Pesos Acoje Mining 0078 unch Atlas Con A Atlas Con B 1370 urvrh BaguloOold 0074 +0 0002 Benguet Con B B BF Goodrich 18 50 unch CDCP 13.50 +0.5 Ineo B Le panto B .1475 +0 0025 Mannduquf B 3 50 -0.2 Meralco 8 50 unch Oriental A
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    • Article
      Bangkok
      153 8 APR M Bahta Asia Fibre 261 unch Bangkok Bank ass unch Bangkok Invest. 380 unch Bangkok-Metro-politan Bank Bata 800 unch Berll Jucker 500 4-4 Carpet Intni Charoong Thai Wire 330 +3 Dumex DusJt Thanl Faber Merlin First Trust 346 4-2 Genera Finance 384 18 Indo-Thal Industrial Finance Oorp 2585
      153 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      172 8 \s L The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. 2. Enjoying the benefits of over 90 years of tutorial expertise. 3. Being informed of the latest changes and current events and topics of interest and relevance through the exclusive "Foulks Lynch
      172 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Armco Steel embarks on diversification
      612 9 NORTH AMERICAN COMPANIES NYT THE Armco Steel Corp. has begun to implement an ambitious eight-year programme of diversification aimed at reducing its Investment in steel operations from the present 75 per cent to 50 per cent. Chairman William Verity of the nation's third largest steel'company
      NYT  -  612 words
    • Article
      Lock icon Olin's plea accepted
      551 9 NYT THE OLIN Corp, over the strenuous objections of the US government, was permitted on Tuesday, to plead "nolo contendere," or "no contest," to a federal indictment that it had conspired to ship Illegal arms to South Africa from 1971 through 1975. United States district court Judge
      NYT  -  551 words
    • Article
      Lock icon Goodyear Tyre ready for pickup
      134 9 Reuter GOODYEAR Tyre and Rubber Co expects- first quarter earnings to fall short of last year's record, but there are solid Indications of a pickup which could carry through the remainder of 1978. Chairman Charles Plllold, Jr., said income will be well behind the 1977
      Reuter  -  134 words
    • Article
      Lock icon Xerox Corp cuts prices
      151 9 Reuter XEROX Corporation, the large manufacturer of copier machines, has reduced prices on several of its machines and also raised trade-In allowances on products sold in domesThe purchase price of the 3400 duplicator machine was reduced by U553,500 to $13,500, while the 5400 was cut by
      Reuter  -  151 words
    • Article
      Lock icon Fairchild looks bright
      762 9 NYT SUDDEN and unexpected gains In shares of semiconductor companies last week appeared to reflect optimism about Fairchild Camera by an analyst who talked with the company's management. As recently as a few weeks ago, officials of Fairchild left at least one analyst with the impression that
      NYT  -  762 words
    • Article
      Lock icon GM's integrity faces bumpy'road ahead
      779 9 NYT THE giant General Motors Corp., often a target of anti-trust cases challenging Its very size, Is again the subject of legal briefs but this time with a difference. The theme of cases brought in the last 18 months appears to be: What is going
      NYT  -  779 words
    • Article
      GETTY IN DISPUTE
      88 9 GETTY Oil Co said it Is Involved In a Persian Oulf dispute where the ruler of Sharjah has unilaterally increased taxes and royalties on Mubarek field production ,offshore Abu Musa. Buttes Oas and Oil Co had earlier reported the ruler's action and Getty Oil disclosed it in
      88 words
    • Article
      Lock icon Citibank in Lisbon
      92 9 Reuter. CITIBANK NA said it opened a representative office in Lisbon, which will be active In developing closer relations with Portuguese banks and arranging finance for Industrial projects as well as exportimport business. It Is the first foreign bank to open a representative office in Portugal since
      Reuter.  -  92 words
    • Article
      Lock icon Nationalised company that makes profits
      843 9 EUROPEAN COMPANIES NYT. PARIS: Renault, the French state-owned car manufacturer, Is that rare phenomenon on the European business scene a nationalised company that makes money. The government, pleased with Renault's performance, has no plans whatsoever to denationalise a company that Charles de Gaulle once called
      NYT.  -  843 words
    • Article
      ICI moves on
      198 9 IMPERIAL Chemical Industries' planned strategic move Into West European markets through a parallel Investment of some £290 million In new plant In the U.K. and West Germany has been given the goahead by the main board. The £140 million expansion of chlorine and related products at Wilton,
      198 words
    • Article
      Lock icon Another £450m to assist Leyland
      168 9 Reuter LONDON: The giant stateowned motor corporation, British Leyland, recently plagued by poor productivity, industrial strife and financial losses, is being given another big Injection of money, Britain's ruling Labour government announced. Industry Secretary Eric Varley told Parliament the government would provide £450 million to
      Reuter  -  168 words
    • Article
      Lock icon Billion mark loan by German govt
      259 9 BONDS AND LOANS Reuter. FRANKFURT: The Federal government Is expected to Issue a two-tranche loan early next month though It Is still too early to forecast the terms, bond market sources said. Preliminary conditions should be set on Friday, the day after the Bundesbank
      Reuter.  -  259 words
    • Article
      Lock icon Money for gas pipeline
      85 9 Reuter. ROME: Ente Nazionale Idrocarburl (ENI) is negotiating a loan of around US$35O million to finance construction of a gas pipeline linking Algeria and An ENI official confirmed that ENI Is seeking further finance for the project, for which It has already raised some International loans,
      Reuter.  -  85 words
    • Article
      Lock icon Trondheim
      29 9 Reuter FRANKFURT: The 35 million mark 10-year City of Trondheim Eurobond was priced at par with a 5\ per cent coupon, lead manager Dresdner Bank AO said Reuter
      Reuter  -  29 words
    • Article
      Lock icon IHI offers Euronotes
      86 9 Reuter LONDON: Ishlkawallma Harlma Heavy Industries Co Ltd plans to offer US$5O million of seven-year Euronotes. Guaranteed by Dal Ichl ,Kangyo Bank Ltd, the notes are expected to have a coupon of K per cent over London Interbank offered rates with an Indicated minimum interest rate of
      Reuter  -  86 words
    • Article
      Lock icon Brazil
      46 9 Reuter DUESSELDORF: The Brazilian Electricity Utility Light Servlcos Is floating a 150 million mark eight-year Eurobond at 0* per cent. A spokesman for lead manager Westdeutsche Landesbank Olrozentrale said the loan carries a state guarantee and final conditions will be set on April 13. Reuter
      Reuter  -  46 words
    • Article
      Lock icon Golden Eagle loan
      79 9 Reuter LONDON: Oolden Eagle Indonesia, a wholly-owned subsidiary of Ultramar Co, has arranged a US$75 million, seven-year limited recourse Eurodollar loan. Ultramar Co said the loan is at 1V« per cent above the London interbank offered rates, for three or six- month renewal. Oolden Eagle, which Is
      Reuter  -  79 words
    • Article
      Lock icon MITSUBISHI TO SELL HONEYWELL COMPUTERS
      181 9 ASIAN COMPANIES UPI. AFP TOKYO: Honeywell Information Systems of Minnesota has reached broad agreement with Mitsubishi Office Machinery Co. (MOM) of Tokyo for sales of computers in Japan and the Far East. The two firms are expected to make an official announcement of the agreement
      UPI.; AFP  -  181 words
    • Article
      Lock icon HSBC keeps mum
      139 9 Reuter. HONGKONG: Hongkong and Shanghai Banking Corp (HSBC) deputy chairman John Boyer declined to comment on local press report that the bank ia cloae to reaching an agreement to acquire control of Marine Midland Banka Inc of Buffalo, New York. Report! aaid the Hongkong Bank will take
      Reuter.  -  139 words
    • Article
      Lock icon German funds make debut in HK
      204 9 AFP. HONGKONG: Two major German Investment funds became available in Hongkong for the first time on Tuesday, providing important new opportunities for investors. The funds. Concentra and Internatlonaler Rentenfonds, are managed bv Deutscher InvestmentTrust (DIT) of Frankfurt, a subsidiary of the Dresdner Bank. They
      AFP.  -  204 words
    • Article
      Lock icon Republic Bank
      142 9 Reuter MANILA: The Government Monetary Board has approved the purchase of the Republic Bank by a sugar producers group headed by Philippine Bugar Commission. Chairman Roberto Benedicto, a Central Bank spokesman said the bank, which was unable to raise its paid-in capital to the minimum 100 million pesos,
      Reuter  -  142 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1758 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In 1,000 units unless oth&vtse specified. All Time Settlement Contracts are quoted after the world "sett". Big Board deal (In lots
      1,758 words
    • Article
      Government bonds
      35 10 4 3/4% 1/5/79 (250,000) (100 758) 4 3/4% 15/9/80 (250.000) (100 008 100.10S) 6 3/4% 1/12/80 (250,000) (104 20B) 5% T F 15/4/81 (250,000) (102 70B) 5% T F 15/10/81 (250.000) <102 50B)
      35 words
    • Article
      Corporate bonds
      94 10 B O T 8 1/2% 1991 (100,000) (100 Viß 1018) B O T 7 VB% 1984 (100,000) (95H8 95%5) C It oh 8 1/8% 1984 (100,000) (95%»8 86*8) DBS Converts 1/2% 1991 (100.000) (95VsB 96*8) D B 8 8 1/2% 1982 (100,000) (99*8 100HS) E 1 B 9%
      94 words
    • Article
      Stock options
      121 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown In brackets. Cold Storage (June 91.70) (0.528 0.588). C and C (June 52.20) (0.828 0.888). Hume F
      121 words
  • Article
    Unit trusts
    160 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Current prtce*) (Manager*' prion for April INCOME BOND I 04 1.10 The Commerce 1.87 im The Saving Fund 1 09 1 lSxd MARA BUMIPUTRA FUND S pore Prog Fund 0 89 o 94 (Manager*' price* for April S pore Security First Bumlputra
    160 words
  • Article
    SHARE INFORMATION SERVICE
    2453 10 Gr PM 197ZZ1978 HifS Low Company Last Sato +«rDtv DW C*TT Yld P/E Vol (•WO) Day Hich Low SECTION ONE INDUSTRIALS 181 190*13b: I 300 > 72 247 ST 416 146 132 123* 112 260 60'/, 191 144 256 394 123 Acma Alcorn Allied Choc Bata Ben
    2,453 words
  • Article
    In Kuala Lumpur
    1576 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 inltt jnless otherwise specified. INDUSTRIALS AJinamata (2.468 2 508) (2) 2.60 CALL. Alcam (2.108 2.175) XALL
    1,576 words
  • Article, Illustration
    Trading ends easier
    816 10 SINGAPORE HEAVY profit-taking la •elected snares, especially those of the OverseaChineee Banking Corporation group of p—ipsnles, made for generally easier conditions oa the Stock Ex chaag* of Singapore yestershares were particular losers with aost of these traded ending the day lower while industrial shares were mixed with
    816 words
  • Article
    Finance shares end lower
    635 10 SUSTAINED selling pressure forced prices to close lower across a broad front on the Kuala Lumpur Stock Exchange yesterday. Trading was generally hesitant at the opening bell following the steady tone on Tuesday when profit-taking was fairly well absorbed. However, after some initial fluctuations shares were
    635 words
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  • COMPANY NEWS
    • Article, Illustration
      Prima unlikely to see good growth
      835 11  -  By ARTHUR NG UNEXCITING years await Prima Flour Mills, at least until its flour mllllngproject in Sri Lanka comes onstream In the early 1980s. With increasing competition encountered in its traditional export markets in West Asia and Europe, profits have plateaued in the last
      835 words
    • Article
      Reasonable growth prospects at Plantation Hldgs
      320 11 GROWTH PROSPECTS of Plantation Holdings remain reasonable but Is dependent on a steady improvement In the world economy, and more particularly, on a greater rate of recovery in the UK, Mr. K.R. Cork, the chairman, says In his statement. For 1978, Plantation intends to
      320 words
    • Article
      DIVIDENDS ANNOUNCED
      672 11 Current payment Ex Date Books close Date payable Total for the year Total for previous year Berjaya Kawat 7%TE Mar 14 Hume (M) Berhad 6HI Mar 14 Sel. Coconut 10%I Mar 21 Malayan Tin 45%I Mar 22 Kuala Sidim Rub. SHI Mar 29 Itanoh Mine* S8%( n) Mar
      672 words
    • Article
      Premium Holdings
      87 11 PREMIUM Holdings has Informed the Kuala Lumpur Stock Exchange that the Foreign Investment Committee (FIC) has approved the sale of the Sungala Rubber Estate after the submission of full particulars of the transaction by the buyer, Muldlt Holdings. The exchange had earlier requested clarification on the FlC's disclaimer
      87 words
    • Article
      SENTOSA ISSUES APPROVED
      111 11 SENTOSA Plywood Bhd said shareholders approved its proposed three for five rights issue, one for 10 bonus Issue and special share issue to Bumiputras at an extraordinary general meeting earlier this month. The special issue to Bumiputras of 0.5 million shares, and the rights issue, will be
      111 words
    • Article
      HK Tin
      91 11 HONGKONG Tin Ltd said It estimated it should be able to recover its burled mining equipment and restore Its two mine units to normal by June following the landslide at Its mine in January. Work on excavating the landslide Is making satisfactory progress, It said in a letter
      91 words
    • Article
      William Jacks unit
      77 11 WILLIAM Jacks Co (Malaya) Bhd has informed the Kuala Lumpur Stock Exchange that the acquisition of 100,000 shares in the UK-based William Jacks ft Co Ltd at 26p per share was based on the price In the market for a block holding. The deal, which was done
      77 words
    • Article, Illustration
      Second half setback slices Olympia gains
      542 11  -  •y MANO SABNANI A CATASTROPHIC performance in the secondhalf at Olympia Plywood and Timber Products almost wiped out the entire earnings of the first six months. After-tax profit for the year to Oct 31, 1977 amounted to a mere M 562,458, a disastrous fall
      542 words
    • Article
      HIGH TIN PRICE OFFSETS LOWER OUTPUT AT SMT
      566 11 MORE attractive tin prices secured by Southern Malayan Tin Dredging (M) more than made up for the dip in it*- production for the first half-year to last Dec 31, to lift mining profits by more than a third to MS6.B million. However,
      566 words
    • Article
      Guthrie Ropel enjoys hefty increase
      478 11 THE buoyant first half at Guthrie Ropel meant that the full year's earnings of this plantation company were up by a hefty 52 per cent and It could pay out Increased dividends as well. The second half, however, was disappointing due to the drought. Guthrie's
      478 words
    • Article
      COMPANY MEETINGS
      319 11 Aluminium Company of Malaysia: AOM to be held at its registered office, Road 6. Section 13 Petaling Jaya at 10.00 a.m. on April 6. Selangor Properties Bhd: AOM to be held at Tingkal Kedua, Block E, Lompleks Pejabat Damansara, Damansara Heights, at 4.00 p.m., on April 14. Ajinomoto
      319 words
    • Article
      Setron(M) profit hinges on British recovery
      235 11 ELECTRONIC products manufacturer Setron Malaysia has made a 31 per cent increase In net profits from M 5666,000 to $873,000 and is maintaining Its first and final tax-exempt dividend of 10 per cent. The Improvement at the trading level however, was probably less than
      235 words
    • Article
      Reject offer call
      45 11 LONDON Sumatra Plantations Ltd said its board and financial advisers have recommended shareholders to reject the revised offer of 150p a share from McLeodSipef Plantations Ltd. Last week, McLeod-Si-pef increased its offer to Isop from llOp, valuing London Sumatra at £23.9 million.
      45 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      267 11 THE NEW STRAITS TIMES PRESS (MALAYSIA) BERHAD laß.lJTTxMi*] The Directors are pleased to announce that the unaudited results of the Group and the Company for the six months ended 28th February, 1978, compared with the figures for the corresponding period in the previous year are as follow:Kumpulan Syari—t 1971 1977
      267 words
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  • Article
    Dockers' action can upset supplies here
    900 12  -  SUPERMARKETS WILL BE HIT *1 CHAN BONG SOO TRADE with Australia may be seriously disrupted In the cSmlng weeks If the Industrial action by Australian dock workers is allowed to spread. Two days ago, dock Workers in Bydney and Melbourne began a series of
    900 words
  • Article
    Local dealers won't be pinned down
    276 12 GOLD dealers here said yesterday that prevailing market conditions do not permit a good projection of what the gold price will be In the immediate term. ,'They expect, however, that the metal will touch US$l9O an ounce, as it did briefly some weeks back,
    276 words
  • Article
    Lock icon Forecast of early gold sales by Treasury
    405 12 Reuter FORMER US Treasury official, Thomas Wolfe, expects the government to announce in a matter of weeks, probably days, a decision to auction a modest amount of gold. Mr. Wolfe, currently director of economic consulting services with Wolfe and Co, was the Treasury's
    Reuter  -  405 words
  • Article
    Lock icon THAI DEFICIT SOARS
    114 12 Reuter THAILAND'S trade deficit last year shot up by over US$4OO million (Ss92o million) to a record $1.02 billion. Board of Trade secre-tary-general Thapana Bunnag said the country's imports totalled $4.57 billion and its exports $3.6 billion. The figures for 1976 were: exports valued at almost >$3.04
    Reuter  -  114 words
  • Article
    Nedlloyd and EAC team up in Malaysia
    381 12 EAST ASIATIC Company of Copenhagen and Nedlloyd of Rotterdam have placed their •hipping agency interest* in Malaysia under a new company. Nedlloyd EAC Agencies Bhd, which will offer shares to the public in a year. The new company, which begins operations on Saturday,
    381 words
  • Article
    Lock icon Bond obstacle removed
    817 12 Reuter. THE DECISION by the Japanese Finance Ministry to ease withholding tax rules on yen bonds raised by foreign corporate borrowers has removed one major obstacle but several problems remain according to Informed securities sources. Since April 1, bond Issues in Tokyo by foreign companies receive the
    Reuter.  -  817 words
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    LONDON STOCKS
    810 12 LONDON, Wed Prices closed quietly firm as government stocks attracted buying Interest 10 tongs following yesterday's Ranking figures and equities easfid higher In the absence of stUers. dealers said. ,4.ong-dated government bonds were around 1/4 to 1/2 petnt higher while shorts fluctuated narrowly. Equltv leaders gslned up to
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    The Heller seminar
    60 12 MR. ROBERT Heller, the well-known management expert, will be in Singapore this week to give a one-day seminar. He will speak on "How to make money by managing." The seminar. Jointly sponsored by Business Times and Consulasla, will be held at the Hilton Hotel tomorrow from 9
    60 words
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    Lock icon Time is running out, US warns Tokyo
    941 12 UPI, Reuter US Ambassador to Japan, Mike Manafleld, warned yesterday that Congress may lose patience If Japan continues to maintain a huge trade surplus. The former US Senate majority leader warned In a speech before a group of top Japanese bankers, businessmen and
    UPI,; Reuter  -  941 words
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    Lock icon NOT GOOD ENOUGH SAYSIEA
    124 12 UPI THE industrialised nation| have managed to save soma energy, but unless the* launch stronger energ) policies they will fall to meet their goal of lower oIT consumption, officials of the International Energy Agency said yesterday. The 19-natlon agency, will stage its 35th meeting in Tokyo
    UPI  -  124 words
  • Page 12 Advertisements
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      3 12 Leader. Page 6
      3 words
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      166 12 Where the Action is... Situated in Orchard Road -the centre of tourist, shopping and hotel hub in Singapore 1/ hjua Hotel Phoenix The most complete ail -in one comnvicai complex in Singapore and Malaysia Situated >n the busiest tourist centre in Orchard Road neighbouring C K T.ang and Fitzpatrick's Supermarket
      166 words
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    SHIPPING TIMES
    5096 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following Hat tabulates, by port of destination the name of the ship, the shipping Une Involved, and the estimated dates of arrival and departure from Singapore port. Consortiums Scan Dutch has a Joint service
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  • Page 13 Advertisements
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      323 13 FOR MORE AND FASTER SAILINGS MAERSK UNE SINGAPORE *****46 K.LUMPUR ***** PENANG *****1 P. KELANG *****0 STRAITS TRANSPORTATION PTE. LTD. D COMPANIA NAVIERA MARASIA, S.A. Wll CONTAINERSHIP SERVICE TO MO FROM BARCELONA DISCHARGING BARCELONA P. KELANt S PORE MONT BLANC MARtI M*r 27 Dpi 21 HAKATA LOAOING STORE P KELANG
      323 words
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      Page 13 Advertisements Column 2
      425 13 EE MTi MONTHLY SEMI CONTAINER SERVICE TO DAMMAM. DON*. DUBAI lEDDAH AND HOOEIDAM MAMMOIH OAK VOY 1 MAMMOTH WILLOW VOY 1 29 May to' Ojmmam Don Outu Hodfdah leddan lot Djmmam Dolia. DWai Hodeidah Wddan ORIENT LLOYD ORIENT LLOYD (M) B^4o .'pore 2204??? P Kelany 386b 11 K l ?594'j
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      Page 13 Advertisements Column 3
      57 13 NOTICE TOKO LINE ra.v. "Neptune Vol am" Voy.-l. •rrd on: 29-3*78, Jurong Commercial Wharf. Consignees of all damaged General Cargoes ex. The above named vessel are notified that General Survey will be held on 7th April 1978 as from 10.00 am to 3.00pm. No further survey will be held. AgenU:
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      13 13 FORTNIGHTLY TO MIDDLE EAST SEA^L. AND MV KFKCMTCD CONHMft Ulrttt BOOKIM TEI *****22
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      808 14 SHIPPING IF Hapag-Lloyd FUUT COOTJUNEMSED TO EUROPE EXPRESS CONVENTIONAL TO EUROPE Genoa H'bufj B haven Man Amrp 26/4 9/5 8 5 3/5 S 1/5 11/5 22/5 15/5 17/5 25/5 5/1 31/5 J/8 11/8 24/8 29/8 28/8 22/ 25/8 8/7 13/7 4/7 8/7 •filling DMfai (30 4) FULLY CONTAINERISED TO USA/CANADA
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      649 14 I Z2 SANKYO LINE] AUSTRALIA SERVICE P. Kciang Singapore KYOSEIMARU '/ll .Mr MAY SKY 9/10 Mr 11/12 Apr MAY CARP 21/21 Apr 22/23 Ayr KYOTEN MAftU 27/29 Apr 30/30 Apr FREM, ADEL. MEL, SYD DARWIN, MIS. SYD FREM. ADEL, MEL ADEL, MEL. SYD BANGLADESH SERVICE MAY BREEZE 24/25 Apr 22/23
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      Page 14 Advertisements Column 3
      566 14 4 LAND U.S.A./ ASIA SERVICE DOT REFRIGEMTED CONTAMtR SERVICE SAILING MOT IK DM SOOT FOR PORTS I* lISA CANADA CARIBBEAN. «PM. KOREA TAIWAN HOM KONG THAILAND MO PHIUPWNES VESSEL/VOYAGE Vessel Arrives/departs GATEWAY CITY V-693 apr 11/12 PONCE V-322 apr 11/19 GATEWAY CITY V-694 APR 2S/2C PONCE V-323 may 2/3 C
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      1017 14 Everett Lines lifM Fm Star Cirpi* BURMESE NATIONAL LINE BFSSC A< Puff Kelong Tel (381-73 Agents m MOIOVMO TEPS MALAYSIA '355 Penong Tel *****/ ***** EmA Transportation Maritima Maxicaoa S. A. V"** "MEXICAN NATIONAL LINE" FM EAST/MCMCO 1 CENTML AMERICA LOADING FM (MIMM. MANZANILLO ACAPULCO ACAJUTLA, CORINTO SAN Ml ft
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      494 14 mm JARDINE ANTAH Orient Overseas Co*U&i*teA. Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA All vessels call Bremertianen after Hjm&u't FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) CHEVALIER Mill IK NEPTUNE CORAI K NEPTUNE PEARL IE CHEVALIER DOZE IE N KONG CONTAINER 9E MERCATOR 6E ORIENTAL CHIEF II S SEAS BRIDGE
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      1110 15 OCL Overseas Containers Limited ItM k>M B*daa H*w* s-100 P. MIIH run M h Saiiel SuM SailN Sailed Sailed Sl W I Apr HK. KS Pre** i»M SI,M SI M S*.M !a.IH J Apr 11 Ap. lai 7 Apr B Apr Skill Sulll S»IK 14 Apr KB. TK ira Sailed
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      Page 15 Advertisements Column 2
      1197 15 Ben Ocean A jomt service of Ben LinegbeFhnnei GJpo Line and NSMO TO M/CONTINtNT (M tMX) Due S "PWI P. Kelanf Fenanf U'OOt PATIOCLUS 11/14 Apr H 21 Mr IS/IT Apr 11 May B Ibao, Aeist. H bu-f. Okbl.n L'paol. IE KM Ml IT/11 Mr 20/21 Mr II Mar Lsooa,
      1,197 words
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      988 15 □z* MtMijtt nwu lUU Ul NONC'BNC EIPMSS KItANO MAPU USWi WW CITT OF EOINIOttN umuiu mil BEN LINE CONTAINERS LIMITED I- H c B HAVEN P"BA¥ HAVOC SOT ON S.nfapora P. Krtan| Oeaaiaa trance Ail U.K. Scaaaiaaa..Sarlel la Pbrt *»r »Mr ttUT(i~mt) ain II Hf 11 Apr i '*f <b|
      988 words
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      Page 15 Advertisements Column 4
      972 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SHF7 WESTBOUND TO MED/UK/ CONTINENT/ SCANDINAVIA feeler (ran t. MUM Vtsul Ml MiMU IKIN'I 11/ 4 TIIIIU fltNlStt 4 M lIUI fran.ESCA i j i«ri4WM f114N014 11/ NCI lllft wwwsi'w 11/ l 1/1 11/ S It/ I 14/ i 1/ I 11/ I
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      734 15 GUTHRIE BOUSTEftD S~e G S THE BANK LINE LTD. was fm l a. v afwa TECTUM iMauritius, Dvrban. Mombasa Ta«*a, I.L. PC.. Capetown Ktltnt 11/21 t|r Spo t 11/11 Apr FBBTVNE STU (Mauritius Reunion. DurMit, 1.1.. Pt., Capetown) Pe«a-<| P. Kelang 14/27 m*t S port 28/J1 Mar ft»M east i
      734 words
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      831 16 "K" LINE n <b iwutu cnief nr mo sas nine is* menu, reseaknir i« Icmvalier hm. inr P. Kelang CKVALIER Hit IK I Mr NEffIRE CUM. K 11 Apr ttPTWE PfML K 23 A#r CNEVAUER Wn It 2 May VIM MOCKS Pit IT» 2iit Ftar, err mm*. Mm MM, «M<n
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      Page 16 Advertisements Column 2
      953 16 E.c.-«jJL/*Tuume/fiOLf seiivice iMPTMt RtAct eaaruKß M rat r. m La*d.* Mr: NOOfOU. MW YOW. M« MUMS. NMSTM p iijyg Be*pwa* I "VISItM MTU" MU 71 fCI) IS/11 l#r 1»/» »»r 7177 Apr 71 74 »•< •VISNVA MM" (MM* 77 SCI) IMS Mar 11/1 D MP* H/11 Mpy 71/» Ma» LC./GREAT
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      1071 16 \&NOL NEPTUNE ORIENT LINES LTD I a i •FULLY CONTAINERISED SERVICES: n emm m acr rwi tWw HmMh IWi Pm. rtm ORIENTAL CNIEFt |Mr II Mr 2Jbf «M SCViN SEAS MIKE IS Apr II Mr 3 Itof 11 ttq ORIENTAL RESEARCHER 22 Mr 23 Apr II May IS May II
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      690 16 MALAYSIA* *m*NATKNAI StUPPmtG CORPORATION BEKHAD TEL KL HIM 4. EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/CONTINENT/SCANDINAVIA Frefer f. Kriaaf Vm»l nUKIKi MB. HMU iummu man* nuciict a/ unicu nucisci •/i xrruMii aiutu 11/1 mb. Mir S port I) HMiltM Tl X Htarf 4) tburf 11/4 m 4 Ml 4 X/l VI
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      783 16 INTRASEA (PTE) LT') •phr n Apr 21 Apr 1 Mar w KKUI INDEPENDENT SHU/FVU. CONTAINER IOWCt W EIWPE K:£m" "ft HDur|/GW|. 'Iwilai Tlwwi* I'l/l fir II umi liuli TiUfii HITIMH !FTi; LTI —PMBII -MWIMB—7»4W7. ll* YEB MIPPIM 1 T'ABIM iBBBM, INTER HtBIU IBABtTHM W B Kansai Line sasassk: RtIGNT MELM9RNE
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