The Business Times, 7 April 1978

Microfilm: NL9628
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, APRIL 7, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Komoto to visit Asean
      62 1 UPI. TOKYO, Thurs. Minister of International Trade and Industry, Toshlo Komoto, will visit member countries of Asean at the end of this month. The Asahl Shlmbun newspaper said the government has begun sounding out Asean members on Mr. Komoto's visit, designed to renew contact with the
      UPI.  -  62 words
    • Article
      Lock icon Cargo quotas
      73 1 Reuter. BRUSSELS, Thurs. The European Common Market today announced tough new proposals to counter what It called the aggressive, noncommercial behaviour of communist shipping lines which undercut Western carriers by up to 40 per cent. A spokesman said the EEC's Executive Commission had drawn up draft measures which
      Reuter.  -  73 words
    • Article
      Lock icon Tin protest
      57 1 Reuter. JAKARTA, Thurs. World tin producing countries ended a two-day meeting here today with an agreement to make a collective representation to the United States government over its plan to release 45,000 tonnes of tin from its stockpile. The delegates concluded that the plan will have undesirable economic
      Reuter.  -  57 words
    • Article
      Kuantan port opening
      52 1 KUANTAN, Thurs. The port of Kuantan Is expected to begin operations in October, with berthing faculties for ships up to 35,000 tonnes, Port Authority secretary Nawal Abdullah said. Operations would reach full capacity by April next year, handling exports of timber, palm oil and other agricultural products,
      52 words
    • Article
      Zone of peace
      72 1 HONGKONG, Thurs. China is committed to making South-east Asia a "zone of peace, freedom and neutrality," Thailand's Prime Minister Krlangsak Chomanan said today after his return from a week-long official visit of China. The Chinese, however, did not offer to make any moves to help end current
      72 words
    • Article
      Lock icon ADB raises rate
      67 1 Reuter MANILA, Thurs. The Manila-based Asian Development Bank today announced a slight Increase in its lending rate for ordinary funds to 7.7 per cent a year from 7.65 per cent set only last February. The new rate is applicable for loans negotiated from April. The previous rate,
      Reuter  -  67 words
    • Article
      Lock icon No shortage
      40 1 Reuter. HONGKONG, Thurs. Synthetic rubber producers will be well supplied with the necessary raw materials Into the 1980s and need not fear shortages, although price increases are Inevitable, Ray Nesbltt, senior vice-president of Exxon Chemical Co said. Reuter
      Reuter.  -  40 words
    • Article
      Lock icon Dow Jones
      76 1 UPI. NEW YORK, Thurs. Stocks headed broadly higher early today, with the aid of a better-than-expected government report on wholesale prices. Trading was heavy. The Dow Jones Industrial average, which climbed 7.71 points yesterday was ahead by 1.22 points to 764.30 shortly before 11 am. The Dow has
      UPI.  -  76 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      122 1 Rises Alcorn 212 Straita Trading 065 M Tobacco 060 St StMmahip 291 Kramat 620 OCBC 695 Rothmam 364 Weainea 2«0 +22 +20 +20 16 15 10 10 +10 Most active API 379,000 Haw Par 206.000 Bovia 94.000 Cold Storage 87.000 Total Turnover: 3.58 m Total Value: $7.07
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    • Article, Illustration
      In Kuala Lumpur
      142 1 Rises Most active Castlefield 8.80 .30 Sentosa 308.000 Supreme Corp 2.27 +.23 API 256,000 M. Tobacco 6.80 .20 Bovls SEA 186,000 S. Trading 0.80 +.15 C. Securities 133,000 Steamship Renong 8a ta 3.00 .10 Total Turnover: 3 38 m 2.14 3.10 .00 .08 Total Value: MM Mm
      142 words
  • Article
    Main markets give timber hope
    886 1  -  LOG PRICES ARE PICKING UP By RONNIE LIM THOUGH the timber Industry saw Increased orders from both France and West Germany recently, better export performance this year will depend greatly on an economic upturn In its other main markets. Figures released by the Singapore Timber
    886 words
  • Article
    Lock icon SLOW MARCH IN U.S. INFLATION
    205 1 UPI US INFLATION slowed In March as wholesale prices rose 0.6 per cent, a considerable drop from February's 1.1 per cent Jump. Food costs, a main concern to the average consumer, climbed 0.8 per cent, well below February's advance of 2.9 per cent. Prices for
    UPI  -  205 words
  • Article
    Marine, HSBC reach link-up accord
    732 1 HONGKONG and Shanghai Banking Corporation (HSBC) has reached agreement with Marine Midland for It to acquire 51 p«r cent of the iatter's common shares. The acquisition will Inject US$2OO million (Ss4B2 million) additional capital Into Marine Midland. The link-up will assist the New York-based Marine
    732 words
  • Article
    Lock icon House panel approves tin for buffer stock
    301 1 Reuter. THE US House of Representatives' National Relation! Committee approved a bill authorising a US contribution of up to 5.050 tonne* of tin to the international tin buffer atock. The measure was approved by voice vote, without objection. Representative Jonathan Bingham, chairman of
    Reuter.  -  301 words
  • Article
    Steamers out of troubled waters
    552 1  -  ly MANO SABNANI STRAITS Steamship is fast sailing out of the turbulent waters It found Itself In as a result of the rapid diversification and expansion programme of the last three years. Shareholders yesterday were pleasantly surprised when it reported pre-tax profit of *12.22 million
    552 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      32 1 k I k SAFE WITH AN ITOKI SAFE aunMss mriMt svstbm(s)m lto 47 Podium flock. OoMtott Plata Newton Road Stngapora It T«t M2l5M* Cabta BUSNESTEMS S.ng«xwa SEE Col. 8 SEE PAGE 2
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    • Advertisement
      Page 1 Advertisements Column 2
      201 1 V Your link to world markets When the world is your market you'll need a bank with international capability and service to handle your dealings efficiently and with a minimum of fuss. Whatever your requirements and wherever vour business take you, we've got the right connections for you. Whether you
      201 words
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      Page 1 Advertisements Column 3
      83 1 Leader Ptfe 6 BOOM-time for Hongkong electronic* 2 STEERING clear of Sase Canal hazards I SIGNIFICANCE of Malaysia's LNG pact FORUM with John Drysdale 7 SAY hollo to Dr Charles Kao 7 SHIPPING TIMES HIGHER rating for 'new' MTC7 11 MALAYSIA Building Society at a standstill 11 ASEAN slows down
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    • Advertisement
      Page 1 Advertisements Column 4
      318 1 Canon i i x cm TM Fits ta V«r Hart Sot» Agantt Guthrie Trading Tel: *****5 I *****5 p 4 f it J Wiyfoong M AF. We make your money work far you. "I've saved some money- now what' Jeanne Ho, Public Relations Officer "What say we talk security?" Wayfoong
      318 words
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  • TRADE AND INDUSTRYY
    • Article
      Lock icon Boom time for electronics industry in HK
      509 2 Reuter. WITH Hongkong's textile Industry still under tne shadow of protectionism, electronics has become the colony's single biggest growth industry. Radios, calculators, quartz watches, and a host of electronic and computer components are the staple products of Hongkong's booming electronics industry which already
      Reuter.  -  509 words
    • Article
      Lock icon A yen to invest abroad
      265 2 Reuter. AS SEVERAL major Japanese firms, whose export have been hit by the yen's recent sharp rise against the US dollar, are stepping up direct Investments overseas, either to start or expand their plants abroad, Finance Ministry officials said in Tokyo yesterday. Direct investments overseas
      Reuter.  -  265 words
    • Article, Illustration
      OUB's 26th branch
      111 2 OVERSEAS Union Bank opens Its new branch in Bukit Timah on Monday. It will be the 26th branch in Singapore the 46th in tbe bank's international netweeh that covers Singapore, Malaysia, Hongkong, Tokyo, London, New York and Brunei. The new branch is located at the ground floor,
      111 words
    • Article
      OFFICE BEARERS
      65 2 PROFESSOR Llm Chong Yah was elected president of the Economic Society of Singapore at Its annual general meeting recently. Dr. Ow Chin Hock, Prof. Lee Soo Ann. and Prof. George Betz were elected vice presidents. Dr. Chng Meng Kng was elected treasurer. Council members were Dr. Mukul Asher,
      65 words
    • Article
      Lock icon Thailand chooses to expand exports
      339 2 Reuter. THAILAND wants to expand Its export capacity rather than restrict imports as a long-term measure to solve its huge trade deficit &roblem, Commerce [inlster Nam Phoonwathu said In Bangkok. Mr. Nam told a seminar for Thai commercial counsellors based overseas that recent restrictions on
      Reuter.  -  339 words
    • Article
      Lock icon Indonesian oil earnings up
      200 2 AFP. INDONESIA'S Oil exports recorded a revenue of over US$7 billion (Ssl6 billion) last year, an increase of about 18 per cent over 1970 earnings, according to a report by the Bank of Indonesia. The report also showed that for the first time since 1971, when
      AFP.  -  200 words
    • Article
      Lock icon Electric car is the answer
      154 2 Reuter THE move to electricpowered vehicles as forms of transport seems inevitable in the long term and should be encouraged. In a report entitled Energy for transport Long-Term possibilities, Britain's Department of Energy examines the problems which could arise when natural hydrocarbon oils start to
      Reuter  -  154 words
    • Article
      Pahang seeks investors for clay project
      332 2 THE PAHANO Tenggars area has an Inexhaustible supply of clay waiting for enterprising Investors. A feasibility study undertaken by the Pahang Tenggara Development Authority (Dara), shows that a clay-based Industry can be set up In two phases for the manufacture of high-quality common bricks,
      332 words
    • Article
      Lock icon RISING DEMAND FOR RUBBER IN EUROPE
      250 2 Reuter A TOTAL 1.2 million tonnes of natural rubber will be consumed in 1985 In Western Europe, compared with 960,000 tonnes this year and 895,000 in 1970. General manager of Bayer AO's ruboer division, Dieter Scabell, told the International Institute of Synthetic Rubber Producers
      Reuter  -  250 words
    • Article
      MEMO PAD
      147 2 DATE TITLE LOCATION ORGANISER COURSES AND TALKS April Industrial Hilton Personnel It 3 -20 Relations Organisation Development April 24- Employee Training Hilton POD May 11 Development April 27 Export Financing Shangri-La IBF May 15- Compensation it Hilton POD June 5 Employee Benefits June 25- Employee Relations Hilton POD
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      341 2 FROM FEDERAL PUBLICATIONS LIM B/A -V YAM sss a step-by-step guide An easy-to-understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger of even the veriest novice. The joy of this book, however, is that even
      341 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      576 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE I Tradesman hanging around?(6) 7 Gloomy about Chuck? (8) 8 Puncy writing? (4) 10 Sound rewards one gains with effort (6) 11 Fight weapon (8) 14 Enemy force outside (3) 18 Homes for some honest seamen (S) 17 Heaven-sent refreshment (4) 19 Leader In production of
      576 words
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  • OVERSEAS
    • Article
      Lock icon U.S. DEFICIT TO REMAIN AT THE 1977-LEVEL
      1102 3 AP Reuter ASSISTANT US Commerce Secretary Frank Well said he expects the US trade deficit for the first half of this year to be higher than In the second half, with the full year's total reaching the 1977 level of US$3l billion (5571.6
      AP; Reuter  -  1,102 words
    • Article
      Lock icon Vote ends wrangle at sea law meeting
      179 3 Reuter. THE United Nations Law of the Sea conference yesterday settled a procedural wrangle that has stalled the talks for eight days by voting to keep Mr. Shirley Amerasinghe of Sri Lanka as its president. The difficulties arose because Mr. Amerasinghe was removed
      Reuter.  -  179 words
    • Article
      Lock icon North American trade bloc?
      260 3 AP. THE CREATION of a North American trading bloc may be necessary to prevent the region from becoming an international trading battle ground in the 1980s, an American industrialist said. Speaking at the opening session of the 41st Annual Chicago World Trade Conference on Wednesday, Robert
      AP.  -  260 words
    • Article
      Lock icon White House to issue inflation statement
      685 3 Washington Star PRESIDENT Carter on Wednesday discussed inflation with top officials of his administration and congressional leaders. White House Press Secretary Jody Powell said the President would make a statement soon on inflation, the dollar and energy. No date had been set for the
      Washington Star  -  685 words
    • WORLD IN BRIEF
      • Article
        Lock icon NO FOREX CONTROLS
        526 3 Agencies. CANADIAN Finance Minister Jean Chretien said the government has no Intention of imposing foreign exchange controls. He ruled out controls during question time In the House of Commons when opposition members demanded measures to halt the slide In the Canadian dollar, which traded as low as
        Agencies.  -  526 words
    • Article
      Lock icon Mobutu Plan calls for key role by banks
      334 3 Reuter PRESIDENT Mobutu Sese Seko of Zaire has launched an ambitious master plan aimed at salvaging the economy of this mineralrich country now struggling under the weight of an estimated US$2 billion (554.6 billion) foreign debt. Western banks and governments Zaire's main
      Reuter  -  334 words
    • Article
      Lock icon German industry expects lower production growth
      349 3 Reuter. GERMAN Industry expects production growth of 2.6 per cent this year and 2.8 per cent in 1979, compared with last year's 4.1 per cent increase, the IFO Economic Institute said in a survey of 300 major industrial companies. Domestic turnover is expected to
      Reuter.  -  349 words
    • Article
      Lock icon EEC leaders to chart course out of crisis
      581 3 Reuter LEADERS of the ninenation Common Market will launch a critical assessment of the West's performance when they meet In Copenhagen today. They win consider means to lead Europe out of the present economic crisis and also tackle unemployment. They will examine
      Reuter  -  581 words
    • Article
      Lock icon Bank credit for coffee growers suspended
      175 3 AP. NOTING that exports of coffee, the nation's chief product, continue to decline, Colombia announced on Wednesday a temporary suspension of bank credits to coffee growers as a move to avoid over-production. The decline In exports Is due to a fall In demand abroad,
      AP.  -  175 words
    • Article
      Portugal slaps increases on basic foods
      206 3 PORTUGUESE consumers have to pay more than 20 per cent more for all basic foods as a result of the third packet of government austerity measures In 14 months. These raises, Implemented today, follow last week's 50 per cent fare Increases on public transport
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    • Article
      Lock icon SALES OF NY NOTES DELAYED
      187 3 Reuter PLANS by New York to sell US$3 89 billion (Ss9 billion) of revenue and tax anticipation notes are being delayed by the state legislature's failure to give final approval to the state's fiscal 1978/79 budget. A spokesman for state Comptroller Arthur Levitt said because
      Reuter  -  187 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      146 3 A-* .'7; fc ?2J n r^., I r *>« ii' \i- *>*<1 -r -pt > 1 •,'*4' %W W Jjff ?A '%f& *lP r'kr. JT" Hi P tfifcfea yr* >*. 1 ®E£* •V 4L.fe 'D V. VN Before you pay more than $300 for a pair of J R. Barrett
      146 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      489 4 THE SINGAPORE rubber market yesterday opened half a cent lower following easier London advices but later recovered as shortcovering interest and forward demand found sellers elusive. Some covering of near maturing April caused a narrowing In of differentials to May by half a cent, dealers said.
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    • Article
      RAS PRICES
      349 4 Prices in cents per kilo yesterday: Noon Close (perkllo) (perkllo) Int. 1 R S S prompt f o b Buyers Sellers Buyers Sellers 200 00 201 00N 200 50 201.SON Int. 1 RSS April 200 50 200 75 201.00 201.25 Int 1 R.S.8. May 200 50 200 75
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    • Article
      SSR AND SMR
      106 4 NOON SSR and SMR prices yesterday: HAS April May (Currcat Mth) (For van) Mth) Buyer* Sailers Buyer* Seller* (cenu per kg) (eei ■t« per kg) SSR 20 (1-ton pallet) 192.0C 194 00N 193.00 195 00N SSR SO (1-ton pallet) 190.00 192. OON 191.00 193 00N MRELB May
      106 words
    • Article
      Palm oil
      80 4 C I F. US dollars per ton. LONDON: W«4a«4ay Previous Malaysia 5* f fa bulk June Sumatra 5*f fa April May June July Aug September Nigeria 5% ffa bulk 559 sir 550 sir unch 635 pd 900 qtd 615 slr/610 pd 567 Wqtd/565 pd 565 qtd 555 qtd/550
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    • Article
      Closing prices
      30 4 Rubber: April 6 Singapore: April 201.00 cents (up 1.50 cents) Malaysia: May 205.00 cents (up 1.25 cents) Tin: $1,487 (up $11) Official offering: 121 tonnes (down 114 tonnes)
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    • Article
      Soybean
      105 4 SOYBEAN futures added 11 to 2Vt US cents a bushel at the close, with May up most, extending Its premium over July, in Chicago on Wednesday. However, prices ended well below the day's best, at which point May had advanced 25 cents and July 20 cents. Soybean product futures
      105 words
    • Article
      Rice
      28 4 THE BANGKOK rice mrket was closed yesterday (Chakri day holiday). The HONGKONG market was also closed yesterday as the Hongkong Rice Association was celebrating its 59th anniversary.
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    • Article
      Duty rates
      77 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from April 6 until further notice: Rubber at 207 v, cents per kg Copra at M 5942 48 a ton. Palm kernel at M 5239.03 a ton. The rates of duties payable are: Rubber at 36
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    • Article
      Produce exchange
      379 4 AN EASIER trend prevailed in the copra and coconut oil sectors while the other commodities held their own on the Singapore produce market yesterday. This was in line with easier conditions on the overseas edible oil markets, especially in the Phllllplnes which is the largest producer of copra
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    • Article
      Coffee
      327 4 ROBUSTA futures ended the opening call In London yesterday £25 up, basis July £1,334, to £2 down from Wednesday night. Turnover was 359 lots. The market tone was "Irregular". May traded to an opening high of £1,439 before closing £24 up at £1,431 having Initially traded at £1,420. July
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    • Article
      Cocoa
      349 4 TERMINAL cocoa In London yesterday lost up to £38.50 per tonne In early dealings, basis near May at £1,934 but later steadied on Isolated outsider shortcovering and trade support to show extreme losses of £26.50 against Wednesday night. Dealers attributed much of the selling to commission-house and trade orders
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    • Article
      Straits tin
      217 4 THE BTRATTB tin price In Fenang yesterday gained Mill tofl,4B7per plcul, but was still $13 below the International celling price. Dealers attributed the rise to a low turnover caused by miners withholding supplies due to the lower price. Turnover fell to 121 tonnes from 235 tonnes on Wednesday.
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    • Article
      Zinc
      90 4 ZINC closed the "early session in London yesterday with losses of £4.50 for cash and £4 for Three Months. Early short-covering in the pre-market took Three Months up to £318.50 but proflttaklng soon developed In the ring and values slipped back from the higher levels established on Wednesday. Three
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    • Article
      Lead
      98 4 LEAD finished the morning with all-round gains of £2 per tonne in London yesterday. This metal attracted early shortcoverlng on the premarket following the advance In copper but the higher levels found modest profit-taking which shaded values. Three Months traded up to i.319 but slipped back to L' 316.75
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    • Article
      Sugar
      195 4 TERMINAL sugar finished the first call In London yesterday £0.75 up from Wednesday to unchanged but eased back in light open trading partly influenced by steady sterling. The London dally raws price was £0.50 per tonne up from Wednesday at £99 while whites were down by £1.50 at £103.
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    • Article
      Hongkong comex
      167 4 THE SUGAR market closed slightly firmer In fairly dull trading yesterday, with four lots traded against five on Tuesday. Only May and October deliveries were traded, which rose 0.04 and 0.08 US cents, respectively, dealers said. The Hongkong dally spot sugar prices rose 0.05 to 7.70 US cents.
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    • Article
      SPOT PRICES
      154 4 YARN and cotton In Hon(kon( dollar*, apot ex-rodown Cotton fara: China Blue Phoenix 20s 1,770, 32s 2.094. 40* S,ISO (per bale of 400 lb*). Piece Gnii: China Butterfly and Olobe Brand Head una. rive Lambs una. Flower and Butterfly unq, Dylnf Qeeee unq (per piece M inches by
      154 words
    • Article
      Wheat
      110 4 WHEAT futures in Chicago Jumped to new contract highs in early trading on Wednesday before retreating to close on a mixed note. May ended 3* US cent a bushel up with July ahead one cent. However, other Months ranged kMlf a cent to eight cents a bushel lower. The
      110 words
    • Article
      Copper
      282 4 COPPER wire bars finished the morning in London yesterday snowing allround gains of £2 per tonne. The early pre-market rallied on fresh speculative buying prompted by the recovery in gold and expectations of further Japanese covering against an estimated shortfall of 80,000 to 100,000 tons, traders said. Also aiding
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    • Article
      Gold
      520 4 THE KELOBAR In Singapore yesterday opened at 3113,372 and moved higher as a result of short-covering to close at <13,541. Trading during the day was quiet. In the loco London market, the metal opened at U*****.10/40 and closed higher at U*****.40/70. The London morning fix was US$lO2.OO, a Jump
      520 words
    • Article
      Silver
      208 4 SILVER <fhe Londfen Metal CmmSmm yesterday showed »siftr*f3.2 to 3.3 penoe'pertroy ounce. Vafun Wwiced earlier under covering and fresh buying pfrbmpted by the firmness" in gold, trade sources said. The higher levels prompted profit-taking in later dealings and prices reacted slightly with Three Months finally trading at 289.0 pence.
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  • MONEY AND EXCHANGE$
    • Article
      Singapore market
      457 4 THE FOREIGN exchange market saw thin trading yesterday as traders hesitated In taking new positions In anticipation of antl-lnflatlonary measures to be announced by the U8 government soon. The dollar as a result held steady against most of the major currencies. Opening at 218.35/50 against the yen, the
      457 words
    • Article
      Minimum lending rates
      69 4 THE PRIME rate of Most commercial banks la Singapore now stand* at 7 par cent. Oversea-Chineee Banking Corporation is still offering W par cent to its bant customers while both Chartered and United Commercial Bank are —'■♦i'pli( their prime ratea at 7to par cent. The stated prime
      69 words
    • Article
      Asian $ rates
      157 4 Asian rates ASIAN currency deportt interbank rate# as at close on April U8 Dollar* (Spot) Othr BM 1 a *y* i 7/» lmth 7 1/4 7 1/1 2 mths 7 7/u 7 5/u f "ithi 7 1/2 7 j/j mths 7 7/1 7 3/4 nl H" 7 15/16 7 13/16
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    • Article
      Discount
      49 4 RANOE of prices offered by discount house* on April 6: Ownilfht 3WS Call deposit HMt to 3%H I'm 3-Month Treasury Mils 3-Month Bank bills 3-Month CD 6-Month CD ttuyiaa 3 3/16 4 7/1 5 5 5/lfl J 1/U 4 3/4 4 7 IVU Source: National Discount Co Ltd.
      49 words
    • Article
      Hiro $ rates
      103 4 Hiro rates LONDON fcurodOllar deposit rat* were steady In modemte earn trading aoMvßy yesterday, dealers saM. Fixed dates wviv adjusted higher initially for tut Mm of Friday rlnafcng callty and have since shown no material change. Singapore interest tovrflnall, dealers added. Short dates wen also lit- tit cftanged on tMOaOce.
      103 words
    • Article
      Tokyo
      60 4 THE US dollar for overnight delivery yesterday closed at 218.0S yen, up from a 218.10 opening bat below its Wednesday's 216.40 ck*a after torching 21S.Pt. bank I nISS a'tOo^* 0 detected in ism •sdma. Trading vo)«Re #s* U***** million. i. unchanged from the opening. compared with 219.90 at Wednesday's
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    • Article
      London
      187 4 ALTHOUGH business was quiet with few operators keen to open new positions, the dollar yesterday showed a fractionally weaker tone In early trading here. Sterling opened slightly below its U551.8740/50 overnight level but then moved up to around 1.8750/55 In the face of fairly (food commercial demand, dealers said.
      187 words
    • Article
      New York
      228 4 AFTER weakening on Assistant Commerce Secretary Well's remarks about the US trade deficit, the dollar closed at Its lowest levels of the day on Wednesday against major currencies. The unit declined on the remarks that deficits for the next several months would approximate February's record US$4.5 billion, but
      228 words
    • Article
      Hongkong
      162 4 FURTHER gains were made by the U8 dollar In late trading to reach 218.90/00 yen compared with 218.65/75 at mldsesslon and the opening 218.35/55, dealers said. Some commercial demand was reported for the US unit In a thin local market with the dollar trading at 2.0130/50 marks compared to
      162 words
    • Article
      Zurich
      58 4 ZURICH exchanges closing quotes on April 5: US 1.1735-8750 St« 3.5042-5015 Can 1 .Ml 4-4432 O Mk 92 4787-7088 D Ft 88.8000-1066 F FT 40 9732-41 0509 B FT 5.9438-9524 D Kr 33 8064-0474 N Kr 35 0252-0831 S Kr 40 9240-9051 Lit 0.2201-2203 Aus ach 12.8719-8010 Port 4.5300-5802
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    • Article
      Australia/NZ
      45 4 AUSTRALIA and New Zealand exchanges on April 6' AUSTRALIA US dollar 1 1404/1 1444 Btertln» 0.4161/0 8078 gtss^s-"" m,nm: US dollar 11T48 Ninety-day lomM bvSWtNB: Stirling 0.6146 US dollar 1.1473 NEW ZEALAND: Stertlne 0.5400/0 5480 US dollar 1 0336/1 »a.r US dollar 1 0683
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    • Article
      Frankfurt
      25 4 FRANKFURT etfcfcangfcs opening quotes oat April t: •US 2 0180/B|< 2.0182/387) schmamAno J P? fff (csn) IW7/4B S ft (ft*) 131/40 Ten 0 9205/20
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    • Article
      Eurobonds
      169 4 EUROBOND price# quoted on April StriichU Bid Offer Total oU its tku mstimr Courtauld* stf9*98 EIB «l( 9\ 92 Fisomttf 19*97 11*99 92 lnco9*94 94 JO 95 29 94.29 95.SO 98,25 98.75 96.87 95.25 96.00 96.00 96.29 99.00 97.29 97.37 8hflUa*ao 97 00 96.J7 2$ SNCT8W84 98 82 98.25
      169 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      154 4 A x fc "tN v |f VJ /r> *TU j&Ji* >» '*m?m f V\ .V rr *\i Kenneth Lo Jvv m»j> I" J' Kenneth Lo, Km weM-known CMnm eoalnry UH»IAA« InApAjiilAAA IA vrnvfi HiU ooucti in# rvcoif 10 tno tfcnoipufi of ChiniM cooking, md fhfn in Inolglit Into Mitk uniquo
      154 words
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  • TRANSPORT
    • Article, Illustration
      Still waters belie hazards that lurk
      1316 5  -  OCL OUTLINES SOLUTIONS ■r TERESA LIM 810 SHIPS have their share of problems when going through the Suez Canal. The situation may not be permanent, but something must still tje done now. This is because the canal will be widened and deepened only in
      1,316 words
    • Article
      Lock icon SIA lands in Frisco
      79 5 UPI. THE FIRST Singapore Airlines cargo flight arrived at San Francisco on Wednesday. The twice-a week B-707 freighter service is expected to carry fruit and equipment to Singapore and electronics components from the Far East. Singapore Airlines has a fleet of 10 B-707 Jets, five B--737
      UPI.  -  79 words
    • Article
      Lock icon Reduced freight rates
      276 5 Reuter. FREIGHT rate cuts of 2 to 4 per cent have been granted to nine commodities exported from the Philippines to North American Pacific coast ports on an overall rate increase of 14 per cent effective April 1. The Philippines North America Conference chairman, E.H. Bosch said
      Reuter.  -  276 words
    • Article, Illustration
      SHIPS IN PORT
      355 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry Vilja (B. Barge) (after Ocean Supply sails) 48 Elbhoff (Clinker) (2200 after San George) 5 Golden Haven (0600 after Fedor Shalvapln) 44 Nanryu Maru (JKHL) (0600) 19 Nedlloyd Futami (0700 after Slam Venture) 3/4 Ocean Supply (B. Barge) (after Cherry VllJa
      355 words
    • Article
      Lock icon Slump lands more ships high and dry
      404 5 Reuter, AFP THE PROLONGED slump in shipping is forcing ship owners to lay up large numbers of thler tankers and cargo vessels, brokers said. London ship broker Howard Houlder said 290 tankers totalling 36 million deadweight tonnes and 60 combination carriers amounting to
      Reuter,; AFP  -  404 words
    • Article
      Lock icon Meany blasts deregulation
      358 5 Washington Star. AMERICAN labour federation president, George Meany, has sharply criticised proposed but still-secret US policies aimed at deregulating international air traffic. In a letter to Transportation Secretary Brock Adams. Mr. Meany said the proposed policy would result in the loss of US Jobs and put US
      Washington Star.  -  358 words
    • Article
      Lock icon PAL flies into deficit despite high earnings
      252 5 Reuter PHILIPPINE Airlines' (PAL) international operations last year posted a deficit for the first time since 1970 despite record earnings. Addressing stockholders at their annual meeting on Wednesday, PAL's president, Roman Cruz said that international revenue reached an all-time record of 1.021 billion
      Reuter  -  252 words
    • Article
      Lock icon London freight market
      206 5 AP US OULF-Holl&nd grain rates became stlffer on Wednesday on the strength of recently improved North Atlantic enquiry. The 53,000-tonne "Prometheus" secured the US3O cents (S7O cents) firmer rate of US$6.3O (FIO) for an April 15 to 30 shipment on that key trade, while the bulk-oil carrier
      AP  -  206 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      774 5 ARRIVALS Service Local Operator Number Time Prom CAL CI331 0040 TPE/HKO/KUL KAL KE807 0050 SEL PAA PA005 0215 SFO/HKG MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP
      774 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      248 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 -f Coll us for your locol or onward reservations -•-IT Record Profits 1977 Group Profits up 14% to *****.6 million. Increased Dividend Final Dividend of 12.97 cents per share recommended, making a total of 18.95 cents for the year, up 15.2%.
      248 words
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  • Article
    Stop the moans and groans
    457 6 THE dynamics of International lending may be due for a change If international bankers should decide together that they cannot take into their portfolio without restriction syndicated loans which are pegged at too narrow a spread. Over the past year, and more so In recent
    457 words
  • Article
    Follow the star of Hongkong Bank
    223 6 THE acquisition of Marine Midland Bank by Hong Kong and Shanghai Banking Corporation Is a highly significant move.Apart from making HSBC much bigger, It may signal a bolder move by other large Asian banks in the International arena of high finance. Although Asian banks
    223 words
  • Article, Illustration
    LNG pact seals investors' faith in Malaysia
    1526 6 AFTER A FEW FALSE STARTS, PETRONAS, SHELL AND MITSUBISHI HAVE AT LAST COME TOGETHER IN A PACT TO TAP MAJOR LNG DEPOSITS OFF SARAWAK. A. KADIR JASIN REPORTS FROM KUALA LUMPUR ON THE SIGNIFICANCE OF THE AGREEMENT THE signing of Malaysia's LNG agreement
    1,526 words
  • Article
    Lock icon SAM PARADICE OUT TO MAKE HIS MILLION
    751 6  -  By BRUCE NICHOLS UPI SAM Paradlce, who started hustling In high school with the sale of flying saucer detectors to friends, has set himself up as an Arab oil money broker offering loans to the little man, based in Texas, US. "I am
    UPI  -  751 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      581 6 Ml Orchard Road, S'pore 9. Tel: *****2 406/407 Havelock Road, S'pore 3. Tel: 433M1 HOTEL ROYAL-RAMADA Newton Road, S'pore 11. Tel: *****1 581 Orchard Road, S'pore 9. Tel: *****3 Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable
      581 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      61 6 WEATHER I 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 6 at the airport. Maximum Temperature 31.9 Associated Humidity <6 Minimum Temperature 23.0 Associated Humidity 100 Hours of Sunshine 5.26 Rainfall in Millimetres 0.3 Total Rainfall
      61 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      241 6 SINGAPORE 5 3.00 PM Opening announcements followed by Housewives Matinee The Ungrateful Lover (Mandarin Repeat) 4.25 Intermission 6.05 Opening announcements followed by Exercise with Gloria 6.30 News in Brief 6.35 The Tony Randall Show Case: The Hoppoper Affair 7.05 In Search Of Psychic Detectives 7.30 News and Parliamentary Report in
      241 words
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  • Article, Illustration
    Dr Kao labours to improve your phone
    1424 7  -  »y PETER CHIA DR. CHARLES Kao is in town. Before you ask "Who?", let me add that he may be the reason your phone will work better over the next decade. In the 1980s, light will be used to carry vast amounts of
    1,424 words
  • Article, Illustration
    STRAWS IN THE WIND
    341 7 IT'S the very latest British farmers can now measure how their grass is growing accurately. Thanks to New Zealand help, the Milk Marketing Board's Low Cost Productivity Services unit, Grassland Research Institute and Fisons of North Wyke, we have the Grassmeter. This revolutionary device Is "a
    341 words
  • Article
    Lock icon They don't make good jawboners anymore
    709 7  -  By RUSSELL BAKER NYT. BETTER economists than I are saying President Carter is going to have to start "Jawboning" if he wants to stop Inflation. All very well for a president who can jawbone like a champion, but veteran Jawbone writers doubt that Carter
    NYT.  -  709 words
  • Article
    Asean more dependent on US
    995 7  -  FORUM, on economics d •y JOHN DRYSDALE AT THE risk of being a bore, I must discuss the significance of a torrent of computed figures In the hope that I can throw some new light on the relative importance of Asean's export links with the
    995 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      314 7 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scotts Road, Singapore 9 Tel: *****1 HOTEL GRAND CENTRAL
      314 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      67 7 1 L»ST€.M, SP\POPSON —DON'T UNDGJ2£sTiroRT£_ rny POSITIOJ I'VC B6£_N UITh Fißrr, FOR eiGHT piND "floo THIRD Remem6€J? IF i ÜBMT TO TP><£ f\w HOUR fbfc T€ab߀Psk l DPMN) TAKE. V-ABur ptM HOUR. tinStoW" '.F^kDickens Doesnt anybody rmND" >tou TftKiMG UALF AN WOURovbr "fep\ BREAK? vers L C3w T^/TTTv^l ujeu., Don't
      67 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Leaders decline
      557 8 TOKYO Source: DBS-Daiwa THE market declined, centring on forerunners, due to Investor caution over high prices and concern over expected further tightened margin restrictions. High-prices electrlcals and non-margin stocks were selectively bought. In the morning session, the market fell in reaction to the recent continued rise although It
      Source: DBS-Daiwa  -  557 words
    • Article
      Hongkong
      387 8 YESTERDAY was rather a volatile day for the market with early buying Interest giving out as sellers appeared In HK Bank, Hutchison Whampoa and Swire Pacific. HK Bank actually looked better In early trading following the details of the proposed acquisition of the Marine Midland Bank and with some
      387 words
    • Article
      Sydney
      330 8 PRICES were generally higher yesterday In active Institutional buying. Dealers said BHP ended four cents up at A 56.10 after trading as high as 6.14 earlier. The Bank of NSW was steady at $5.22 and the ANZ gained five cents to $2.70. In minings Utah gained 20 cents to
      330 words
    • Article
      Jo'burg
      402 8 GOLD shares drifted easier In line with lower bullion Indications, continuing the Initial markdown on Wednesday. Trading was very quiet ahead of the IMF gold auction, Financial minings registered small losses In line with producers. Con Gold was un traded following figures (420). De Beers slid seven cents to
      402 words
    • Article
      Mostly firm and active
      448 8 FA'ROPE AS MA RKETS > THE PARIS bouse was very firm In extremely active trading on Wednesday, helped by the government's denial It Is planning a state loan which could have diverted Institutional liquidity from equities. All major sectors showed gains, with Mlchelln. Poclaln, Moullnez, Perrler,
      448 words
    • Article
      Frankfurt
      209 8 APR OS Dm Aef-Telefunken 90 10 Akzo 23.80 +0.2 Allz Leben 625 +5 All* Vera 400 ♦4 BASF 138 10 ♦0.1 Bay H T Wbank 288 50 Bay Vbank 321.50 Bayer 143.50 15 BBC 300 10 -0.0 BMW 228B 1.5 Cassella 365 Chem Verw 238B -3 Commerzbank 238 30
      209 words
    • Article
      Paris
      279 8 APR OS Frs CORBEILLE Alr-Ltqulde B S N Gervais Danone CSF<ThomsonCsf) Cle Franchise des Petroles Compagnle Flnanclere Corapagnle Generate Credit Fonder De France Hachette (Ubrairle) Machines Bull Mtchelln (B) Paribas Pechlney Clglne Kuhlmann Peugeot-Citroen Philips (Nv Oem Bezlt) Prlntemps S A Rhone-Poulence SA Royal Dutch SuewCle Fin an De)
      279 words
    • Article
      Milan
      101 8 APR 06 Lire Ante 98 25 ♦0.25 Assoc Oen ***** +210 Bastogi 415 ♦7 Centrale 3465 -32 Flat 1948 unch Flnslder 75 -0 25 Oen Immob 75 -1 25 IFI Prl 2114 ♦7 Italcementi ***** +45 1 taigas 626 -I Italsider 127 1 Magneti M Pf 390 -2 Marrlll
      101 words
    • Article
      Zurich
      180 8 APR OS Francs Actions Sulsses 270 unch Alusuisse Br 1220 10 Alusuisse Reg MO +5 Brown Boverl Br 1640 +5 Ciba Oelgy Br 1210 10 ClbaGeigy PC 875 •15 Ciba Cielgy Reg 865 Credit Suisse Br 2365xd -45 Credit Suisse Reg 458xd -7 Elektrowatt Br 1600 unch George Fischer
      180 words
    • Article
      Amsterdam
      230 8 APR 06 FU ABN 346 00 4-1 Ahold 102 50 4-0.5 Akzo 24 80 -0 1 AMEV 80 40 ♦0 6 Am fas 106 20 417 Amrot Bank 73 90 4-0.5 Bergoss 55.50 +0.5 Berk 96 50 +0 8 Bols 67 50 -0 5 Borsumlj 140 00 -0.3 Burhmann
      230 words
    • Article
      Brussels
      92 8 APR OS Frs FORWARD MARKET Acec 223 4-2 Arbed 2220 10 Astur 520 -28 Brascan 458 12 Bru-Lamb 1436 Canpac 477 -1 Cock 349 -1 De Beers 174 -1 Ebes 2400 unch Electrobel 6190 ♦20 Gb-Inno-Bm 2020 20 Uev 1270 ♦6 Hobok 2085 -35 Petro 3870 ♦40 Ryl Dutch
      92 words
    • Article
      Toronto
      333 8 SHARE price* were sharply higher at the close of the busiest session since Feb. 27. The composite Index, up more than seven points, made 1U best I gain since March 10 and reached t Its highest level since July 20, j 1W77. Metals, oil and gas and I management
      333 words
    • Article
      Selected indices
      53 8 FINANCIAL TIMES INDUSTRIALS Wednesday 470.2 Tuesday 101 to 101H H.K. HANG SENG Thursday 445.35 Wednesday closed DOW JONES AVERAGE INDUSTRIALS Wednesday 763.08 Week Ago 444 08 SYDNEY INDUSTRIALS Thursday 402.07 Tuesday 755.37 Week Ago 701.78 LONDON DOLLAR PREMIUM Wednesday .101% to 102* ALL ORDINARIES Thursday 459.44 Wednesday 458.48
      53 words
    • Article
      CHICAGO BOARD OPTIONS
      1607 8 April 5 ON THE Chicago Board Options Exchange, a total of 115,142 contracts were traded on Wednesday compared with 82,339 on Tuesday. OPTION APL JLY OCT 8TOCK Alcoa 40 7/16 1 5/8 UNTRD 39 3/8 Alcoa 45 UNTRD 7/16 15/16 36 3/6 Alcoa SO UNTRD NOL NOL
      1,607 words
    • Article
      STRONG RALLY
      1130 8 NEW YORK STOCKS, slightly higher most of the momlnf, rallied strongly in the afternoon to score a strong gain on Wednesday. Analysts aakt Internal forcss were responsible. "The market's firm tone earlier in the day brought on a spate of shortcovering," one analyst said. He noted that Investors
      1,130 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      279 8 Mathematics and Statistics Statistics in Action: Peter Sprent This book is intended to interest the general reader who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to statistics in more
      279 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      NBC loses out on evening 'prime time'
      300 9 NORTH AMERICAN COMPANIES NATIONAL Broadcasting Company, firmly lodged in third place in the US television network ratings, Is expected to drop behind Hertz this year as the RCA Corporation's chief profit source. Jhls was confirmed today by Mr. Edgar Griffiths, RCA's president, whOM
      300 words
    • Article
      Lock icon Continental, Goodrich to merge
      109 9 Reuter B.F. Goodrich Co, a diversified manufacturer of chemical, plastics and rubber products, announced an agreement In principle to merge with Continental Conveyor and Equipment Co. of Wlnfleld, Alabama. The transaction, to be accomplished either through an exchange of stock, or for a cash exchange of
      Reuter  -  109 words
    • Article, Illustration
      Lock icon Boeing business up in the clouds again
      1007 9 NYT BOEING is in the midst of a new business boom, generating a burst of confidence in Seattle among businessmen, bankers and economists about the economic outlook not only for the Pacific north-west but also for the nation. Despite a softening of its
      NYT  -  1,007 words
    • Article
      Lock icon Standard Oil Co. confident of the future
      231 9 Reuter STANDARD Oil Co (Indiana) is confident it can maintain past earnings growth and rate of return. Chairman John Swearlngen noted the company's earnings have increased at an annual compound rate of 12 per cent since 1960. The company's current earnings and rate
      Reuter  -  231 words
    • Article
      Lock icon Ampol accepts NSW coal mine venture
      162 9 ASIAN COMPANIES Reuter SYDNEY: Ampol Petroleum Ltd and Pioneer Concrete Services Ltd have accepted a New South Wales (NSW) government invitation to Join In a new coal-mlnlng venture In the upper Hunter River valley coal province, NSW Mines and Energy Minister Pat Hills said.
      Reuter  -  162 words
    • Article
      JOINT EFFORT ON OILSANDS
      170 9 TOKYO: Japan Ollsands Company said Its wholly owned Canadian subsidiary, Japan Ollsands Primrose Ltd signed a basic agreement with Petro Canada Ltd to participate in a Canadian ollsands development project. The project Is being promoted by Petro Canada and two other firms In the Athabasca area,
      170 words
    • Article
      Mutual capital up
      88 9 SYDNEY: Mutual Acceptance Ltd said It proposes to Issue 12 million 50 cents par shares at 85 cents each to Its major shareholder, Standard Chartered Bank Ltd. The Issue will raise Standard Chartered's stake In Mutual Acceptance to 51.08 per cent from 34.53 and lift Mutual Acceptance's
      88 words
    • Article
      GENERAL MILLS SET FOR RECORD SALES
      360 9 GENERAL Mills disclosed in its report on third quarter trading that despite a tightening of profit margins in the last three months, the group is well on the way to achieving a further record for earnings and sales In the current fiscal year. Net
      360 words
    • Article
      World iron ore glut till 1985
      206 9 THE Australian Mount Newman iron ore consortium expects its shipments in the 1978 Japanese fiscal year, beginning April 1, to total only about 85 per cent of contract levels. Mr. Elwin Smith, president of the consortium's export sales representative, Amax Iron Ore said that
      206 words
    • Article
      Lock icon Taiwan Petroleum invests $335 m
      97 9 Reuter. TAIPEI: The Taiwan Petroleum Corp said it will invest U*****.5 million in production facilities, Oil exploration and oil tanker construction, the Central News Agency reported. Three wells will be drilled to produce an estimated 11,000 kilolitres of crude oil and 118 million cubic metres
      Reuter.  -  97 words
    • Article
      Lock icon Kuraray slashes manpower
      107 9 AFP. OSAKA: Kuraray Co. of Osaka, the world's largest producer of vinylon, will slash its manpower by 800 to 6,400 In the next 12 months to stay In business. The company said It has run up an estimated 6,000 million yen in the business year, which ended
      AFP.  -  107 words
    • Article
      Lock icon Cadbury signs $90 loan million
      96 9 LOANS AND BONDS Reuter. LONDON: Cadbury Schweppes Ltd said it signed a US$9O million loan agreement with a syndicate of British and American banks. The loan will be partly used to finance the proposed acquisition of Peter Paul Inc for $58.6 million, and partly to
      Reuter.  -  96 words
    • Article
      Lock icon Mexico's dinar bond
      91 9 Reuter KUWAIT: Mexico's Banco National Des Obras T Servlclos Publlcos Is raising a seven million Kuwait dinars bond issue here due to be completed on April 12. Kuwait International Investment Co KIIC manager Hlkmat Naahashlbl said, the bonds, managed by KIIC, carry an 8-% per cent coupon,
      Reuter  -  91 words
    • Article
      Lock icon Credit Suisse convertible bond at 3.25 pc
      76 9 Reuter ZURICH; Credit Sulsse's forthcoming 210 million franc 15-year convertible bond issue will bear Interest at 3.25 per cent, bank chairman Oswald AeppU said. Shareholders will be offered one bond at par alongside one new share for every eight now held, with shares
      Reuter  -  76 words
    • Article
      Lock icon Eurobond for Norway
      35 9 Reuter FRANKFURT: The Kingdom of Norway is negotiating a 250 million mark five-year Eurobond with a probable 4-* per cent coupon, bond market sources said. Lead manager is Deutsche Bank Ag. Reuter
      Reuter  -  35 words
    • Article
      Lock icon Gestetner Holding at 11pc
      46 9 Reuter LONDON: Oestetner Holding BV, wholly-owned subsidiary of Oestetner Holdings Ltd. Mid 1U tenyear £10 million Eurobond will have a 11 per cent coupon and issue price at Ear, a spokesman for [organ Orenfell and Co Ltd, Joint lead manager, *ald. Reuter
      Reuter  -  46 words
    • Article
      Outfitters accept Swan Hunter deal
      200 9 EUROPEAN COMPANIES A BREAKTRHOUGH was made In the prolonged negotiations aimed at securing Industrial peace In the five Tyneslde shipyards of Bwan Hunter. About 1,500 outfitters became the first to accept a new common wages policy, a decision which will help restore confidence shattered by
      200 words
    • Article
      Lock icon Rolls Royce closed
      59 9 Reuter LONDON: The Rolls Royce (1971) Ltd. aero engine plant at Coventry has been closed indefinitely due to a work-to-rule over a pay claim by 2,600 manual workers. The closure led to another 2,000 workers being laid off at the plant and another plant nearby making gas
      Reuter  -  59 words
    • Article
      Way clear for Shell, Esso gas plant
      445 9 SHELL and Esso welcomed the UK government's decision which over-ruled objections from protest groups and gave the goahead for a £435 million petrochemical complex to be built at Mosmorran Fife, based on natural gas from the Brent Field. Shell and Esso want Jointly
      445 words
    • Article
      BP investment
      301 9 PROFITABILITY of British Petroleum's chemicals operations fetl last year, but the group is pressing ahead with a rapidly growing capital expenditure programme this year. Pre-tax profits from Its worldwide chemicals operations dropped from £48.8 million in 1976 to £18.9 million last year, but the fall In UK activities
      301 words
    • Article
      Thomson recovers to record profits
      161 9 AS FORESHADOWED at midway when taxable profit was down from £5.31 million to £4.07 million, Thomson Organisation recovered In the second half to finish 1977 with a record £19.57 million against £15.18 million on turnover ahead from £284.54 million to £332.68 million. A divisional breakdown
      161 words
    • Article
      Lower prices instead of stamps offer
      192 9 OREEN Shield trading stamps are to be dropped by International Stores, the BAT Industries supermarket chain, in another 40 of Its 720 stores. The shops, all in the south of England, are to be converted to the new kind of cut-price Pricertte formula which
      192 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      224 9 4' C VI/ 4. f H X t .y Y C, $105/ POST FREE 310 pages. 30 x 27.5 cm with 253 illustrations including 92 plates in full colour In the kingdom of flowers, orchids are the undisputed glamour queens. Their elegance of form, vitality, and almost sinister exoticism give
      224 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1472 10 BID and offer prices officially listed and business In and reported to tbe Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are Suoted after the world "sett", tig Board deal
      1,472 words
    • Article
      Government bonds
      123 10 4 3/4% 1/8/79 (250,000) (100.95B) 4 J/4% 15/9/90 (250,000) (100.008 100.106) (2) 100.00 2/4% 1/12/ M (250,000) (104.00B) 5% T P 15/4/81 (250,000) (102.70B) 5% T F 11/10/81 (250,000) (102.50B) 5% T F 1/5/8J (250,000) (100.308 100.406) (8) 100.40 5 2/4% T F lfcVBl-84 (250,000) (102.706) 7 1/4%
      123 words
    • Article
      Stock options
      66 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. Inchcape (June 51.90) (0.I0B). Pan Electric (June 11.55) (0.28B). St Steamship (June $2.10) (0.908). Wearnes
      66 words
  • Article
    Unit trusts
    149 10 SINGAPORE UNIT TRUST INCOME BOND UNIT IMmHw' priea tar April 7) (Carnal pi teas) The Commerce in in INCOME BOND l.M 1.10 The Sartnf Fund 1 08 l.lSxd S pore Prof Fund ON OR MARA BUMLPUTRA FUND 8'pore Security prieai tar April 7) Fund l.TI in First Bumlputra
    149 words
  • Article
    SHARE INFORMATION SERVICE
    2392 10 1978 High Low Company Last Sak +0CGr'i Dhr Div C'TT Gr'« Y'M Net P/E Vol C000) Day High Low SECTION ONE INDUSTRIALS 181 t 213 138 300 72* 247 183 304 418 148 132 123* 112 280 60* 191 144 258 394 123 Ac ma Alcom Allied
    2,392 words
  • Article
    In Kuala Lumpur
    1827 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 units unless otherwise specified. INDUSTRIALS Aimi (1.758 1 808). A|ln*mata (2.428 2.508) (1) 2.90 CALL. AKam
    1,827 words
  • Article, Illustration
    Shares make good gains
    869 10 SINGAPORE TRADING on the Singapore stock market yesterday took tarn for the better as toying sentiment resumed, enabling galas to be recorded all round. Tfceeaaisr tendency of the. previous day was reversed as shares generally hsedsd higher after a steady opening Advances ranged op to SI
    869 words
  • Article
    Kuala Lumpur prices higher
    508 10 A SLIGHT improvement In market sentiment lifted prices marginally higher at the Kuala Lumpur Stock Exchange yesterday. Trading was generally cautious especially in the morning sessions with most operators remaining at the sidelines while awaiting a more positive trend to emerge. The past two days' profittaking
    508 words
  • LATEST RESULTS
    • Article
      United Industrial Corporation:
      25 10 Group pre-tax profit $4.28 million ($4.67 million) for the first half year ending Jan 31, 1078. Group turnover $20.93 million ($15.92 million).
      25 words
    • Article
      Jardine Matheson Holdings (SEA):
      34 10 Group net profit $9.29 million (98.39 million) for the year ended Dec 91, 1977. Earnings attributable !to shareholder* after extraordinary Items $5.56 mlllftm ($4.75 million). Dlvidtfhd fire per cent (same).
      34 words
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  • COMPANY NEWS
    • Article
      MBS earnings growth hit by lower rates
      514 11  -  •r MANO SABNANI EARNINGS growth at Malaysia Building Society has come to a standstill due to the twin effects of lower lending rates and the rising cost or funds. For the year ended Dec 31, 1977. pre-tax profit edged only 2.4 per cent
      514 words
    • Article
      NBT braces for a steep fall
      472 11 NORTH Borneo Timbers' outlook has continued to deteriorate following its sudden profit crash at the Interim stage, as the latest production and sales figures for the nine-month period from June to end-Feb-ruary indicate. The company last reported a drastic plunge in profits to only
      472 words
    • Article
      COMPANY MEETINGS
      294 11 Selangor Properties Bhd: AGM to be held at Tlngkal Kedua, Block E, Lompleks Pejabat Damansara, Damansara Heights, at 4.00 p.m., on April 14. Ajinomoto (M) Bhd: AGM to be held at 6Vi miles, Simpane Salak, South Baharu, Kuala Lumpur, at 9.00 a.m. on April 25. National Iron and
      294 words
    • Article
      DIVIDENDS ANNOUNCED
      699 11 Current payment Ex Date Books close Date payable Total for the yrai Total for prev ious year Berjaya Kawat Hume (M) Berhad Sel. Coconut Malayan Tin Kuala Sidim Rub. Tronoh Mines Aver Hitam Tin Hume(FE) Batu Lin tang Riverview Goodwood Park Mine Court Hotel Malaysia Prima K.L. Kepong
      699 words
    • Article
      NSTP reports buoyant first half
      371 11  -  h SUSAN BCVAN THE New Straits Time* Press grow had a buoyant first hair of the current financial year to endAugust wkh group pre-tax preflts ahead 39 per cent to M 56.638 aHiea on much improved performance acnes board With turnover up 15.7 per oent
      371 words
    • Article
      MUPP now Sovran unit
      133 11 SOVRAN Industries has notified the Stock Exchange of Singapore that it has acquired the balance of ***** ordinary shares of $1 each in Malaysia United Paper Products Sdn Bhd from the estate of Gan Chai Leng. The acquisition, representing 60 per cent of the paid-up capital,
      133 words
    • Article, Illustration
      Higher rating for divided MTC group
      888 11  -  •r ARTHUR NG THE impending reconstruction programme of Malaysian Tobacco ComKny is a classic example of e synergy theory of two plus two equals five, at least as far as the combined share values of the resultant two companies are concerned. Present shareholders will
      888 words
    • Article, Illustration
      Malayan Cables down 19.5 pc
      271 11 A CONSIDERABLY poorer Performance In the second alf of the the year to December, 1977, has hit profits at Malayan Cables manufacturers of electrical cables and conductors. For the year to Dec. 31. 1977. pre-tax profits of the company fell 19.5 per cent to M
      271 words
    • Article
      Bandar Raya to use funds for projects
      146 11 BANDAR Raya Developments, which will receive M 5750.000 from the sale of its entire investment of 600,000 shares in BRMonier, plans to use the funds to develop the infrastructure of its existing housing projects. Bandar Raya sold BRMonier, the concrete roof tile manufacturer,
      146 words
    • Article
      IDC profits take a sharp drop
      494 11 THE narrowing of margins In an Increasingly sophisticated bond market and a year-end tightening in the Interbank market apparently affected the International Discount Company's performance last year. Net profits took a sharp 40.3 per cent decline from <517,298 In 1978 to $308,994 tn 1*77.
      494 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      414 11 Straits Steamship Company Umitad (Incorporated in Singapore) Preliminary Announcement of Results for the yssr ended 31st December 1977 The audited results of the Group for the year ended 31st December. 1977 are as follows: Operating profit Profit before taxation Profit after taxation Profit attributable to stockholders before extraordinary items after
      414 words
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  • Article, Illustration
    Slowdown in Asean bonds, Euroloans
    680 12  -  SINGAPORE'S DEBTS FALLING COLIN CHEE ASEAN countries, in the last three years were major users of international bond Issues and Euro-currency units. Last year, total borrowings by four Asean states (axcludlng Thailand) through the two lnstru-; ments amounted to US$2.2 bUllon (555.08 billion) to $5
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    Jokes are out of the question in ads
    326 12 HUMOUR Is a negative factor In advertising. According to the creative director of Ogilvy and Mather International, the use of humour Is largely Ineffective when it comes to boosting the sales of consumer Items like clothing, food and cars. ►"Buying is a
    326 words
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    Lock icon Crude for Thailand
    42 12 Reuter. CHINA has agreed to sell crude oil to Thailand at favourable prices. Thai Prime Minister Krlangsak Chamanand said in Hongkonc yesterday. He said no details were fixed on the quantities or prices which would be discussed later. Reuter.
    Reuter.  -  42 words
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    Lock icon Narrow spreads may turn banks away
    793 12 Reuter. I WITH BORROWERS of funds through syndicated loans in Asia asking for spreads so narrow above the London interbank offered rate there Is now a danger of banks refusing to lend at all, said Ouenther SchmldtWeyland, a member of the managing board of
    Reuter.  -  793 words
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    LONDON STOCKS
    800 12 LONDON. Thurs. Optimism ahead of the British budget prompted small buying interest and a firmer tendency In both government stocks and equities, although many shares closed below the day's highs as interest faded. Dealers said government stocks closed steady around earlier firmer levels, with gains of up to
    800 words
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    Lock icon US urged to restore currency stability
    396 12 UPI. Reuter. JAPANEBE Minister of External Economic Affairs, Nobuhlko Ushlba, yesterday called on the United States to reduce Its spending on oil and take the lead In stabilising the International monetary system. He said the question of a return of rixed exchange rates will
    UPI.; Reuter.  -  396 words
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    Lock icon NEB AFTER-TAX LOSS AT $134m
    154 12 Reuter. THE British state Industrial holding company, the National Enterprise Board, (NEB), said it made a loss after tax and extraordinary items of £31.2 million (***** million) last year against a profit of £40.5 million in 1976. Of the £40 million extraordinary Items, £43 are
    Reuter.  -  154 words
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    Lock icon US Treasury denial lifts gold to US$182
    593 12 Reuter THE PRICE of gold was fixed sharply higher yesterday at the London morning fixing of U*****.00. up 13.00 from the previous fix. This followed a sharp rise In Hongkong with the metal closing at $181.50/90 compared to $179.00/40 in New York on
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    Lock icon Glut will undo Opec
    311 12 Agencies. AN IMPENDING oil glut will break the power of the Opec countries. Or. Arnold Safer, vice president and chief economist of the Irving Trust Co. in UB, predicted that new production in Mexico, China, the Soviet Union, Western Europe and Alaska's North Slope will weaken
    Agencies.  -  311 words
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      3 12 Loader Pi|* I
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      284 12 Because only The Journal gives people so much of what they need to know in business. The Asian Wall Street Journal is the only regional publication that provides Asia-wide business news every business day. With the most comprehensive reportage of regional commerce, industry and finance. And with penetrating analyses of
      284 words
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    SHIPPING TIMES
    3846 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line Involved, and the estimated dates of arrival and departure from Singapore port. t Consortiums ScanDntch has a Joint service
    3,846 words
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      451 13 Scan Dutch V Fast and Regular Service To/From N.C./SCAN/W.MED. Every 10 Days. Singapore: Tel. *****, Port Ketang: Tel. *****1, Kuala Lumpur. Tel. *****, Penang: Tel. ***** Crl C/\ Lir.es inc (USA) OwQIT villi Trans-Pacific Service jingf Service FEEDER SPORE VESSEL 22/4 VESSEL 29/4 VESSEL 5/5 Satrain ViMty 20/4 S/S 7/5
      451 words
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      372 13 o— SHARJAH SHIPPING CO. LTD (UNITED ARAB EMIRATES! Dj AHU SHIPPinG UfK wNliljWiy. (UMITED ARAB CMIKAT(S) FAR EAST ARABIAN LINE It 101*' SfWICf Of SMSfUAw SKIPPUI6 SHAtJAM) ««I0 »lAB SI A STEAMSHIf (TAlPiml CtNEBAi AGENTS SUB AGENTS SMAHJAM SHIPPING (S) PTE LTD ORIENTAL SHIPPING CORPORATION *h Floor Kh«-ig Moo Bld(
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      485 13 SAGASIA PTE LTD AGENTS FOi:OCEAN SHIPPING UNE REGULAR NON-CONFERENCE SERVICE FAR EAST TO PERSIAN GULF *M.V OCEAN DIAMOND 20 Apr Karachi «M»ramliek' M.V OCEAN ACE 20 Ma? >ar«cli< Mutcil Kraart Bnrah Khar'aiitiliaiir MV OCEAN GLORT 201«•* iMNh Mvtcal' Kiraart' Batrtk Atertwmhalii *C«Hi«| K Mr art SvMcl OPTIONAL CALLS SUBJECT W
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      54 13 NOTICE B.v. "VIBHVA BANDEBH" VOY: M arrived 2m4 April. 1975. at P.B.A. (Miwi NM.2VN. General Burvey of damaged cargo ex the above vessel will be held on Monday 10th Apill, 1978, u from 9.00 a.m. to 1.00 p.m. No further survey will be held after this date. AfMtf;R. JUMABHOY SONS
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      25 13 Nedlloyd Lines Regular Liner Service? To/From All Parts of the World. Singapore: Tel. *****, Port Ketang: Tel. *****1, Kuata Lumpur Tel. *****, Penang: TeL *****
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      441 14 face 11 SHIPPING <? Hapag-Lloyd ANGLO-FRENCH TRADING Kuala Lumpur 03 #***** 03 *****7 C, naaDO l« *U»I« LU'T.yU' Book mot 2228M1 *****49 Port K»l«ng *****1 3. 3»»7»«^7/8 CPs *****66 T»rmin«l *****51 P«rnn S *****-8 Ipoh 05 2663-4 SUMA a COPf NrtAHPN LINE EXPRESS SEMI-CONTAINER SERVICE TO EUROPE TRANSIT STRAITS/UK-CONTINENT 21/24
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      798 14 a SANKYO LINE| AUSTRALIA SERVICE P Kaianf Singapore KYOSEIMARU "U Apr IN POfT mi*k" w/n a* u/ua* MAYCARP 20/21 Apr 22/23 Apr KYOTEN MARU 27/29 Apr 31/31 Apr Im4m( far FREM. ADEL, MCI. SYD DARWIN. BRts. SYO FREH. AOCL, MEL ADEL. MEL. SYD BANGLADESH SERVICE lUY BREE2E 24/25 Apr 22/23
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      489 14 mLAND U.S.*./ ASIA SERVICE D«Y REFRIGERATED COHTUM SCMKt SAILING EVERY NCDKSMT FOR TOTS M USA CANADA CAIIMUN. JAPAN. KO4EA. TAfONU. HONG KONG. THAILAND MO PMIUPPIMS VESSEL/VOYAGE VIM CF SCk»« Amm/dafrt 5-00 Ml GATEWAY CITY V-693 APR 11/12 PONCE V-322 APR 11/19 GATEWAY CITY V-694 APR 25/26 40TH FLOOR HONG lEONG
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      979 14 Everett Lines Ban* Five Star Miippw| C*rjn. "BURMESE NATIONAL LINE' NTOMEVW PNASHWEGIAWYWA ZV» M B FS S C Agents in Moloytio TEPS MALAYSIA Port Kekjog T«t (38J-7355 Peoong Tel *****/ ***** mumim llw«li—id S. A.C.I.F. "ARGENTINE NATIONAL LINE" LOADING FOR DURBAN CAPETOWN BUENOS AIKS WPA ARGENTINA 4/5 ton VI km
      979 words
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      654 14 Mi IARDINI AM Ml Orient Overseas CcmicMte/i Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) CHOW.IE* PAUL 1M NEPTUNE CORAL 7W NEPTUNE PEARL W CMCmiEi bote m Ml resseft all ®rmvertl»wer after Hamburg FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) CMEVALIER PAULI* In Pert 9/4 12/4 13/4 17/4 19/4 NEPTUNE
      654 words
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      1227 15 QCL Overseas Containers Limited cotmnbbup soma n ii/cmtiknt: UMUK EXPRESS S*M l« W lltpf HWI MY II l|t II Mr I«« IMr I 1 MNAVM n «r II Mr 11 «l> II M MM MM EXPIISS Mr Mr H KITAM MAM 4 May I May 1* May H May 21
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      1324 15 Ben Ocean AjoutaemceofßenLinßßkjeFhnnHGtenljneandNSMO T( UK/CONTINENT (fit tau) S nfipore P. Keling Ft naif Eurooe 11/11 Apr 1111 Apr 11/U Apr May B.lbao, Amst. H bart. Dfcblik l pool. 17/11 Mr »/tt Apr II Mil I'M*. U-Ml H«IL lt/M «•> 1/ llbr 4/ 3 Ml) 11** Bilbao. Amsterdam, KVitf. Dubin, Liverpool.
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      987 15 BEN LINE r NWiiHum i Mir mm SOTOR S.nfaptrt P. Ktl*A| («W| 'tett4 lm«l Fraaca Ail lI.L ScaaPiMaa Utfl BAY HIIIH MKIIM [tflftS iiiano m'l UtlKI MiN cm BF EBINIUBGN UMUt'i MABtl ■lUIN* 1J Mr H Apr J May IMr "W J Mai It Mr, ■t Jaa; IB iaat II
      987 words
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      1064 15 Scan Dutch 9 EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA Fntti treat p. leiaag vesse' Nil MIMA (lIMU W/ 4 TITMI nucisci m u'litm mi:itu mtumia eiepnorp 11/ He* Hirr {'(•ft U 2 R4a« X Mtarg o Aif| 11/4 IS/ 4 MJ 4 1/ I All VI 4
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      629 15 GUTHRIE BOUSTEftD S?es THE BANK LINE LTD. LltfS FKLtI AFRICA "SZZF"*?: Mr r*. u/« 'TZJT "«JSr «/«•< rm tur i lien wild FMTU HI tUI Pen** /n express soma inner from simapme TO NOT ORLEANS, MMILE. IMSTIN. UU.VOTM. ALSO ACCEPTIM CAMO FM MMttM. MANILA, TUVM. MM AM JAPAN PMTS. S
      629 words
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      832 16 =TV nn NIENTAL CHEF nr ira SEAS MUNI 11V NKRTAL RESEARCHED IV CKVALIEI PA*. in "K" LINE KAWASAKI DON KASHA LTD ma nmm tru wo Sport P. Kttaf LH«*rt Htwrc Brpmet R'dtw Apr 11 Apr 31 Apr 1 Ihf 3 May 4 lb] IS Apr II Apr 7 Ilay I
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      1119 16 E.C. U.S.A./ATURTIC/GOLF SERVICE ioeptik m/ia Mannas nan rmt t hum. raw Laadiag f*r NORFOLK. MM TOM. NEW ORLEAHS. BWSTM. S Hfuori P IIIKJ $m» "Km SSIS, SSS E.C./GREAT LAKES SERVICE Laadiag far: NORFOLK. NEW YIW, MOMTItAL. TORONTO. ASNTAOOLA. DETROIT. CHICACO. Pmang Bela*M P Kelang Singapore visnva vionuti 22/14 apr a
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      660 16 NEPTUNE ORIENT LINES LTD i CHEVALIER MM. Apr I NEPTUNE CORAL 13 Mr NEPTUNE PEA*I 23 Apr i CHEVALIER WK 2 May i HOHCXONC CONTAINER 1] Mar 'I TO AND FROM AUSTRALIA (WW CON T A'NER SERVICE) I SANKO LINE. FROM JAPANESE PORTS AND HONGKONG EiZAN MARU EMERALD QUEEN 11/11
      660 words
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      547 16 MALAYSIAN INTERNATIONAL SHIPPING CORPORATION BFRHAD TEL U *****4. CXPRESS FULLY CONTAINERISED SERVICE EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT P. Ileiang U/U Apr BVNCA TAHJOMC 11/11 H*r BJNtA MUTI IS/1' Mr B'ona 2/S. CJdi* Lpool IS, Hburg 13 '5. Roam 16 5. Awerp IS 5, LHavre 20,5, Ida* 22,5. 11/ M AT
      547 words
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      728 16 INTRASEO (PTE) LTD. Hon >»■ O" »-rt .HI > Telephof V ItCIUI INDEPENDENT SEDI/FIU. CWTAIMEB SEMKE Tl EMPE S'pore P.Kelwf Pe*ang Laafiaa Nr •MM. AEGIS BALTIC 12 Apr I Ipr II Mr S't«/* d»n/HTwr|/ A'werp. DV IM VIMT 25 Apr 21 Apr DV BELVAL 1 Day Mseilles/Ston/ITtfair./ H'bgrg G'burg. ccaptac
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