The Business Times, 7 April 1978
1978-04-07
1
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The Business Times
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Title Section11 1978-04-07 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, APRIL 7, 1978 50 CENTS11 words
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BRIEFLY...
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Article62 1978-04-07 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 theUPI. - 62 words
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Article73 1978-04-07 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 whichReuter. - 73 words
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Article57 1978-04-07 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 economicReuter. - 57 words
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Article52 1978-04-07 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
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Article72 1978-04-07 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 current72 words
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Article67 1978-04-07 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
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Article40 1978-04-07 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. ReuterReuter. - 40 words
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Article76 1978-04-07 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 hasUPI. - 76 words
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Chief Price Changes
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Article122 1978-04-07 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: $7.07122 words
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Article, Illustration142 1978-04-07 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 Mm142 words
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Article886 1978-04-07 1 RONNIE LIM - 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 Timber886 words
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Article205 1978-04-07 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 forUPI - 205 words
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732 1978-04-07 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 Marine732 words
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301 1978-04-07 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 ofReuter. - 301 words
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Article552 1978-04-07 1 MANO SABNANI - 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 million552 words
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Page 1 Advertisements
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Advertisement32 1978-04-07 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 232 words
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Advertisement201 1978-04-07 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 you201 words
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Advertisement83 1978-04-07 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 down83 words
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Advertisement318 1978-04-07 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?" Wayfoong318 words
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TRADE AND INDUSTRYY
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509 1978-04-07 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 alreadyReuter. - 509 words
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Article265 1978-04-07 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 overseasReuter. - 265 words
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Article, Illustration111 1978-04-07 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
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Article65 1978-04-07 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
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339 1978-04-07 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 onReuter. - 339 words
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Article200 1978-04-07 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, whenAFP. - 200 words
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Article154 1978-04-07 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 toReuter - 154 words
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332 1978-04-07 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
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250 1978-04-07 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 ProducersReuter - 250 words
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Article147 1978-04-07 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 POD147 words
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Page 2 Advertisements
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Advertisement341 1978-04-07 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 even341 words
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Page 2 Miscellaneous
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Miscellaneous576 1978-04-07 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 of576 words
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OVERSEAS
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1102 1978-04-07 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 (5571.6AP; Reuter - 1,102 words
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179 1978-04-07 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 removedReuter. - 179 words
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Article260 1978-04-07 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, RobertAP. - 260 words
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685 1978-04-07 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 theWashington Star - 685 words
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WORLD IN BRIEF
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Article526 1978-04-07 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 asAgencies. - 526 words
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334 1978-04-07 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 mainReuter - 334 words
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349 1978-04-07 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 toReuter. - 349 words
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581 1978-04-07 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 examineReuter - 581 words
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175 1978-04-07 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
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206 1978-04-07 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 transport206 words
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Article187 1978-04-07 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 becauseReuter - 187 words
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Page 3 Advertisements
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Advertisement146 1978-04-07 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. Barrett146 words
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RAW MATERIALS
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Article489 1978-04-07 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.489 words
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Article349 1978-04-07 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 75349 words
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Article106 1978-04-07 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 May106 words
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Article80 1978-04-07 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/55080 words
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Article30 1978-04-07 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)30 words
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Article105 1978-04-07 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 futures105 words
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Article28 1978-04-07 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.28 words
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Article77 1978-04-07 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 3677 words
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Article379 1978-04-07 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 copra379 words
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Article327 1978-04-07 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. July327 words
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Article349 1978-04-07 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 orders349 words
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Article217 1978-04-07 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.217 words
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Article90 1978-04-07 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. Three90 words
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Article98 1978-04-07 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' 316.7598 words
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Article195 1978-04-07 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 £103.195 words
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Article167 1978-04-07 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.167 words
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Article154 1978-04-07 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 by154 words
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Article110 1978-04-07 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. The110 words
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Article282 1978-04-07 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 aiding282 words
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Article520 1978-04-07 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 Jump520 words
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Article208 1978-04-07 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.208 words
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MONEY AND EXCHANGE$
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Article457 1978-04-07 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, the457 words
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Article69 1978-04-07 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 prime69 words
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Article157 1978-04-07 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 13/16157 words
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Article49 1978-04-07 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
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Article103 1978-04-07 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
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Article60 1978-04-07 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's60 words
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Article187 1978-04-07 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
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Article228 1978-04-07 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$4.5 billion, but228 words
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Article162 1978-04-07 4 FURTHER gains were made by the U8 dollar In late trading to reach 218.90/00 yen compared with 218.65/75 at mldsesslon and the opening 218.35/55, dealers said. Some commercial demand was reported for the US unit In a thin local market with the dollar trading at 2.0130/50 marks compared to162 words
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Article58 1978-04-07 4 ZURICH exchanges closing quotes on April 5: US 1.1735-8750 St« 3.5042-5015 Can 1 .Ml 4-4432 O Mk 92 4787-7088 D Ft 88.8000-1066 F FT 40 9732-41 0509 B FT 5.9438-9524 D Kr 33 8064-0474 N Kr 35 0252-0831 S Kr 40 9240-9051 Lit 0.2201-2203 Aus ach 12.8719-8010 Port 4.5300-580258 words
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Article45 1978-04-07 4 AUSTRALIA and New Zealand exchanges on April 6' AUSTRALIA US dollar 1 1404/1 1444 Btertln» 0.4161/0 8078 gtss^s-"" m,nm: US dollar 11T48 Ninety-day lomM bvSWtNB: Stirling 0.6146 US dollar 1.1473 NEW ZEALAND: Stertlne 0.5400/0 5480 US dollar 1 0336/1 »a.r US dollar 1 068345 words
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Article25 1978-04-07 4 FRANKFURT etfcfcangfcs opening quotes oat April t: •US 2 0180/B|< 2.0182/387) schmamAno J P? fff (csn) IW7/4B S ft (ft*) 131/40 Ten 0 9205/2025 words
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Article169 1978-04-07 4 EUROBOND price# quoted on April StriichU Bid Offer Total oU its tku mstimr Courtauld* stf9*98 EIB «l( 9\ 92 Fisomttf 19*97 11*99 92 lnco9*94 94 JO 95 29 94.29 95.SO 98,25 98.75 96.87 95.25 96.00 96.00 96.29 99.00 97.29 97.37 8hflUa*ao 97 00 96.J7 2$ SNCT8W84 98 82 98.25169 words
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Page 4 Advertisements
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Advertisement154 1978-04-07 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 uniquo154 words
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TRANSPORT
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Article, Illustration1316 1978-04-07 5 TERESA LIM - 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 in1,316 words
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Article79 1978-04-07 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--737UPI. - 79 words
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Article276 1978-04-07 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 saidReuter. - 276 words
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Article, Illustration355 1978-04-07 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 VllJa355 words
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404 1978-04-07 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 toReuter,; AFP - 404 words
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Article358 1978-04-07 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 USWashington Star. - 358 words
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252 1978-04-07 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 billionReuter - 252 words
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Article206 1978-04-07 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 carrierAP - 206 words
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Article774 1978-04-07 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 HLP774 words
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Page 5 Advertisements
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Advertisement248 1978-04-07 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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Article457 1978-04-07 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 recent457 words
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Article223 1978-04-07 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 banks223 words
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Article, Illustration1526 1978-04-07 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 agreement1,526 words
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751 1978-04-07 6 BRUCE NICHOLS - 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 amUPI - 751 words
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Page 6 Advertisements
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Advertisement581 1978-04-07 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 memorable581 words
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Page 6 Miscellaneous
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Miscellaneous61 1978-04-07 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 Rainfall61 words
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Miscellaneous241 1978-04-07 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 in241 words
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Article, Illustration1424 1978-04-07 7 PETER CHIA - »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 of1,424 words
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Article, Illustration341 1978-04-07 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 "a341 words
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709 1978-04-07 7 RUSSELL BAKER - 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 CarterNYT. - 709 words
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Article995 1978-04-07 7 JOHN DRYSDALE - 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 the995 words
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Page 7 Advertisements
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Advertisement314 1978-04-07 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 CENTRAL314 words
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Page 7 Miscellaneous
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Miscellaneous67 1978-04-07 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't67 words
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INTERNATIONAL STOCKS MARKETS
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Article557 1978-04-07 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 ItSource: DBS-Daiwa - 557 words
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Article387 1978-04-07 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 some387 words
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Article330 1978-04-07 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 to330 words
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Article402 1978-04-07 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 to402 words
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Article448 1978-04-07 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
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Article209 1978-04-07 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 30209 words
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Article279 1978-04-07 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
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Article101 1978-04-07 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 Marrlll101 words
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Article180 1978-04-07 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 Fischer180 words
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Article230 1978-04-07 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 Burhmann230 words
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Article92 1978-04-07 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 Dutch92 words
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Article333 1978-04-07 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 management333 words
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Article53 1978-04-07 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 458.4853 words
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Article1607 1978-04-07 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 NOL1,607 words
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Article1130 1978-04-07 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 Investors1,130 words
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Page 8 Advertisements
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Advertisement279 1978-04-07 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 more279 words
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INTERNATIONAL COMPANY NEWS
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300 1978-04-07 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, whOM300 words
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Article109 1978-04-07 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 ofReuter - 109 words
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Article, Illustration1007 1978-04-07 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 itsNYT - 1,007 words
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231 1978-04-07 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 rateReuter - 231 words
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162 1978-04-07 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
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Article170 1978-04-07 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
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Article88 1978-04-07 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's88 words
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360 1978-04-07 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. Net360 words
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Article206 1978-04-07 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 that206 words
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Article97 1978-04-07 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 metresReuter. - 97 words
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Article107 1978-04-07 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 endedAFP. - 107 words
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Article96 1978-04-07 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 toReuter. - 96 words
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Article91 1978-04-07 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
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76 1978-04-07 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 sharesReuter - 76 words
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Article35 1978-04-07 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. ReuterReuter - 35 words
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Article46 1978-04-07 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. ReuterReuter - 46 words
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200 1978-04-07 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 by200 words
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Article59 1978-04-07 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 gasReuter - 59 words
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445 1978-04-07 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 Jointly445 words
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Article301 1978-04-07 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 activities301 words
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161 1978-04-07 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 breakdown161 words
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192 1978-04-07 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 which192 words
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Page 9 Advertisements
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Advertisement224 1978-04-07 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 give224 words
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DEALS DONE ON THE SES AND KLSE
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Article1472 1978-04-07 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 deal1,472 words
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Article123 1978-04-07 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
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Article66 1978-04-07 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). Wearnes66 words
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Article149 1978-04-07 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 Bumlputra149 words
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Article2392 1978-04-07 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 Allied2,392 words
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Article1827 1978-04-07 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. AKam1,827 words
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Article, Illustration869 1978-04-07 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 SI869 words
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Article508 1978-04-07 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' profittaking508 words
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LATEST RESULTS
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Article25 1978-04-07 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
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Article34 1978-04-07 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
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514 1978-04-07 11 MANO SABNANI - •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 cent514 words
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Article472 1978-04-07 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 only472 words
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Article294 1978-04-07 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 and294 words
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Article699 1978-04-07 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. Kepong699 words
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Article371 1978-04-07 11 SUSAN BCVAN - 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 oent371 words
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Article133 1978-04-07 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
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Article, Illustration888 1978-04-07 11 ARTHUR NG - •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 will888 words
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Article, Illustration271 1978-04-07 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 M271 words
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146 1978-04-07 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
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Article494 1978-04-07 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
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Page 11 Advertisements
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Advertisement414 1978-04-07 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 after414 words
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Article, Illustration680 1978-04-07 12 COLIN CHEE - 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 $5680 words
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326 1978-04-07 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 a326 words
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Article42 1978-04-07 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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793 1978-04-07 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 ofReuter. - 793 words
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Article800 1978-04-07 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 to800 words
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396 1978-04-07 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 willUPI.; Reuter. - 396 words
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Article154 1978-04-07 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 areReuter. - 154 words
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593 1978-04-07 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 onReuter - 593 words
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Article311 1978-04-07 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 weakenAgencies. - 311 words
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Page 12 Advertisements
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Advertisement284 1978-04-07 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 of284 words
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Article3846 1978-04-07 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 service3,846 words
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Page 13 Advertisements
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Advertisement451 1978-04-07 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 7/5451 words
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Advertisement372 1978-04-07 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(372 words
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Advertisement485 1978-04-07 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 W485 words
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Advertisement54 1978-04-07 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 SONS54 words
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Advertisement25 1978-04-07 13 Nedlloyd Lines Regular Liner Service? To/From All Parts of the World. Singapore: Tel. *****, Port Ketang: Tel. *****1, Kuata Lumpur Tel. *****, Penang: TeL *****25 words
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Page 14 Advertisements
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Advertisement441 1978-04-07 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 21/24441 words
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Advertisement798 1978-04-07 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 22/23798 words
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Advertisement489 1978-04-07 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 lEONG489 words
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Advertisement979 1978-04-07 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 km979 words
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Advertisement654 1978-04-07 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 NEPTUNE654 words
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Advertisement1227 1978-04-07 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 211,227 words
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Advertisement1324 1978-04-07 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.1,324 words
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Advertisement987 1978-04-07 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 II987 words
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Advertisement1064 1978-04-07 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 41,064 words
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Advertisement629 1978-04-07 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. S629 words
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Page 16 Advertisements
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Advertisement832 1978-04-07 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 I832 words
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Advertisement1119 1978-04-07 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 a1,119 words
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Advertisement660 1978-04-07 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 11/11660 words
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Advertisement547 1978-04-07 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 AT547 words
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Advertisement728 1978-04-07 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. ccaptac728 words
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