The Business Times, 19 April 1978

Microfilm: NL9628
Total Pages: 16
1 16 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, APRIL 19, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Cold store rates
      86 1 THE POET of Singapore Authority (PSA) has reduced its cold storage charges from five cents to three cents per kilogramme per week In line with its efforts to provide facilities and services at economical and competitive rates. The PSA's cold storage space at Keppel Wharves has also
      86 words
    • Article
      Lock icon CD issue in W. Asia
      87 1 Reuter LONDON, Tues. Merrill Lynch International and Co announced the first issue of a US dollar certificate of deposit in the West Asian money market with the launching of a US$2O million (Ss46 million) floating rate CD for Union De Banques Arabes Et Francaises (Übaf),
      Reuter  -  87 words
    • Article
      Lock icon Pa-rail-ysed
      62 1 Reuter TOKYO, Tues. Several Japanese rail services were virtually paralysed today when left-wing railway unionists launched a 48-hour strike after rejecting an offer to increase their average wages by 3.8 per cent. Japan National Railways (JNR) said the rail strike affected the northern island of Hokkaido and Sea of
      Reuter  -  62 words
    • Article
      Lock icon It's May 6
      62 1 UPI VIENNA, Tues. Oil Ministers of the Organisation of Petroleum Exporting Countries (Opec) will meet on May 6 in the Saudi Arabian resort town of Ta'lf, the Opec secretariat announced today. Mr. Hamld Zaherl, Opec's Chief of Information said, "it will be an Informal meeting with no
      UPI  -  62 words
    • Article
      Lock icon Italy's hopes
      67 1 Reuter ROME, Tues. Italy hopes to obtain about US$2 billion (Sss billion) in new loans from the EEC and IMF this year to cover about half its 1978 debt repayment obligations. The amount and the form of potential loans have not yet been decided, but Treasury Minister Flllppo
      Reuter  -  67 words
    • Article
      US dollar soars
      80 1 THE US dollar rose sharply on most foreign exchange markets yesterday, with the unit closing a full two yen up at 222.30 in Tokyo. At one point the rate soared to 223.30 yen. In FRANKFURT, the dollar opened at 2.0535 marks compared with Monday's closing price of
      80 words
    • Article
      Lock icon Income rise
      48 1 UPI WASHINGTON Tues.— Personal income in the United States rose 1.2 per cent in March for the largest monthly gain since December. The March improvement offered additional evidence the economy is rebounding from the effects of the bad winter weather, the Commerce Department said today. UPI
      UPI  -  48 words
    • Article
      Lock icon Dow Jones
      89 1 UPI NEW YORK, Tues. Stocks retreated along a broad front in active trading early today as profit-takers cashed in on three days of gains. The Dow Jones industrial average, a 14.99point winner yesterday, was off 3.46 points to 806.65 around 11 am after being down nearly five points
      UPI  -  89 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      127 1 Rises Most activi e Carlsberg 440 +20 API 206 00ft N'anyang Press 275 +19 Sin Hen* Chan 194.000 Perli* Plant 237 19 Sigma Metal 184.000 Sin Chew OCBC 280 715 16 15 City Dev 184.000 FAN 444 14 Total Turnover: 5.16m Malayawata 236 14 Total Value: $11.24m
      127 words
    • Article, Illustration
      In Kuala Lumpur
      164 1 Rises Most active Hong Leong 288 +0.28 API 284,000 Perlis Plant 239 +0.15 Perlis 230,000 OCBC 730 +0.15 City Dev. 167,000 FAN 456 +0.14 YHS 158 (100 Malaya wata C tk C Bin la nK Chersonese 239 269 310 +0.13 +0.12 +0.10 Total Turnover: 4.29 m Total
      164 words
  • Article
    Hive of activity on stock market
    949 1  -  ST INDEX ABOVE 300-LEVEL »y The City Editor THE STOCK market sailed comfortably through the psychologically important barrier of 300 points on the Straits Times Industrial index yesterday with volume high at over 5 million shares. However, the index level disguised the real strength
    949 words
  • Article, Illustration
    Consumer price index declines
    415 1  -  ■y SOH TIANG KENG THE FALL in other food prices has taken the sting out of the latest rise in rice prices. The latest Consumer Price Index figure shows that inflationary pressures eased considerably last month with the CPI dropping 1.7 per cent to 154.0 compared
    415 words
  • Article
    KL urged to set up zone
    236 1 THE Malaysian government has been urged to declare a 370-km economic zone as an exclusive fishing area for Malaysian fishermen in the light of similar moves recently by several nations Including India and New Zealand. The move will enable the Malaysian people to protect
    236 words
  • Article
    Lock icon WEST CRYING WOLF
    212 1 Reuter THE UN Conference on Trade and Development (Unctad) said Industrialised countries appeared to have exaggerated the extent of unemployment caused by cheap imports from Third World states. In a report on growing protectionism in international commerce, the Unctad secretariat noted that developed countries cited increasing unemployment
    Reuter  -  212 words
  • Article
    US team to receive product lists from Asean members
    262 1 ALL five Asean countries are expected today to present to a US delegation a list of items on which they would like to see a lifting of existing US tariff and non-tariff barriers. The two-day talks, being held in Singapore, begin
    262 words
  • Article
    Mitsui offers US$20m floating rate CDs
    963 1  -  •y COLIN CHEE THE LOCAL branch office of Mitsui Bank Is to offer US$2O million (Ss46 million) worth of floating rate negotiable certificates of deposit (FRCD) In th> Asian dollar market. Lead managed by Merrill Lynch International Asia the wholly-owned Merrill Lynch merchant bank
    963 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      30 1 whatever you need in menswear, get it at... MOHAN'S DEPT. STORE (PTE) LTtX 321. Orchard Road Te< *****22 (next to Mandarin HoM) Branch: 101,lengNnShopping Centre W *****40 Daily :9am-9 pm
      30 words
    • Advertisement
      Page 1 Advertisements Column 2
      143 1 LATEST ISSUE The latest Issue of the ASEAN Business Quarterly follows two major themes: The modernisation of rural areas and world markets for toys and games. The former attempts to get at the roots of economic motivation among 80% of the ASEAN population. The latter explores the British, American, West
      143 words
    • Advertisement
      Page 1 Advertisements Column 3
      89 1 raoa PLUNGE in Pertamina ■■Ira to America .TTT. 7 PEOPLE in business TRAVCOACH Is going dUcm AMEX "trump card" .TT. POOLING of 180 container* LDC'» want rules of the game changed SHIPPING TIMES MEMOPAD 2, CROSSWORDS 2, BRISTOW 7. STRAWS FORUM: Management de--2 velopment 7 2 NATIONAL Iron looks to
      89 words
    • Advertisement
      Page 1 Advertisements Column 4
      3 1 Leader. Page 6
      3 words
    • Advertisement
      Page 1 Advertisements Column 5
      195 1 TA LITE P MVBmSE PTE LTD Leader Page 6 The desk dial keeps jour accounts up to dale and >ou out there earning If you're in business, imagine: Your accounts always up to date. Your invoices calculated and completed. Statements prepared The payrolls done. Ledgers controlled. Stock records kept. All
      195 words
Page thumbnail Page 2
  • TRADE AND INDUSTRY
    • Article
      Lock icon Serious fall-off in Pertamina oil sales to US
      519 2 MARKETING PROBLEMS Reuter THE decline in sales of Indonesian oil to the United States has become a serious problem. A spokesman (or Indonesia's Pertamina state oil company in Jakarta said exports of Pertamina oil to the American west coast were down to
      Reuter  -  519 words
    • Article, Illustration
      Lock icon Fraser urges global commitment on trade
      618 2 Reuter UPI PRIME Minister Malcolm Fraser left Sydney yesterday for talks in Tokyo with Japanese Prime Minister Takeo Fukuda about world trade problems. Before leaving Australia Mr.Fraser said he believed a new commitment was needed by nations to achieve a breakthrough in international trade
      Reuter; UPI  -  618 words
    • Article
      CONCERN OVER JOBLESS RATE
      253 2 THE Malaysian Trades Union Congress has expressed its concern over the lack of improvement in unemployment in the country. Its president, Dr P.P. Narayanan, said the recent Bank Negara report had Indicated that the employment growth had dropped to 3.4 per cent last year from 3.6
      253 words
    • Article
      Lock icon Prices in US$ up slightly at Canton fair
      421 2 AP PRICES of certain goods at the Chinese export commodities fair in Canton have increased slightly in US dollars but have remained the same in Chinese currency, the Asian Wall Street Journal reported on Monday. Observers noted that a cordial atmosphere prevails
      AP  -  421 words
    • Article
      Lock icon Third petrochem plant for Seoul
      148 2 AP SOUTH Korea has decided to build its third petrochemical industrial complex early next year for completion in 1982, Commerce and Industry Minister ChoJ Kak-kyu said yesterday. He said foreign investors will be allowed to participate. Foreign firms such as US Gulf Oil and Japan's
      AP  -  148 words
    • Article
      Amex in new push for members
      722 2  -  By Our Reporter AMERICAN Express will launch a fresh membership recruitment campaign next month in its effort to get a larger slice of the credit card market in Singapore. The planned Intensive member get a member campaign will expand on the marketing programme which
      722 words
    • Article
      Four coaches lift Travcoach capacity
      189 2 TRAVCOACH will increase its tourist coach capacity here by more than 50 per cent with the signing yesterday of an agreement to buy four new coaches costing $650,000. The agreement was signed by Mr. George Hamilton-Dick, managing director of Tour Holdings International, on behalf of
      189 words
    • Article
      British trade team for KL
      317 2 A TRADE team from the Birmingham Chamber of Industry and Commerce will arrive in Kuala Lumpur on Saturday to seek export outlets for a wide variety of industrial products. The minion, representing 13 companies, also hopes to identify Malaysian manufactured products which have not yet
      317 words
    • Article
      Lock icon Malaysia buys rice
      119 2 Reuter MALAYSIA has bought 50.000 tonnes of rice from Thailand on a govern-ment-to-government basis valued at about US$l7 million (5539.2 million). Sources in the Thai Commerce Ministry said the grain consists of 20,000 tonnes 100 per cent grade 888 and 30,000 tonnes 10 per cent white rice,
      Reuter  -  119 words
    • Article
      MEMO PAD
      219 2 DATE TITLE LOCATION ORGANISER COURSES AND TALKS April 3-20 April 21 Industrial Relations New concepts In desk-top calculator^ Hilton Hyatt Personnel fc Organisation Development IREE April 24May 13 Middle management course SITC 8TTC April 24 Effective Report Writing Hilton Consulasla April 24- Employee Training May 6,13, The effective
      219 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      175 2 Mr. R.M. Bhatia, formerly financial controller of Oberoi Hotel (Singapore) has been promoted to chief executive and vice president of Oberoi Hotels International for South-east Asia and the Pacific. Mr. Anil Madhok has been appointed resident manager of Oberoi Hotel (Singapore). Before this, he was resident manager
      175 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      75 2 MR BUSINESSMAN, Let us give you the West Asian market. We are the appointed representative for Asean region BUSINESS, two major English circulations in West Asia. The newspapers with the largest circulations in West Asia. The newspapers are published in Jeddah, Saudi Arabia. For more details, please call us or
      75 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      606 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 How to please the unconscious (6) 7 Norman noble? (8) 8 One way to get C5O (4) 10 Staple dishes? (6) 11 Prints in a rush (6) 14 Some girl's name (3) 16 Stone-breaking sounds (5) 17 One who looks to the future (4)
      606 words
Page thumbnail Page 3
  • OVERSEAS
    • Article
      Lock icon Strike and weather hit US first quarter
      925 3 Agencies THE US Commerce Department said the coal strike and extreme weather reduced the first quarter real gross national product by 2 percentage points from what it would have been otherwise. "Even aside from these depressing effects, production, sales and incomes were weak
      Agencies  -  925 words
    • Article
      Lock icon EEC endorses 4.5pc growth
      502 3 Reuter FINANCE Ministers of the European Common Market meeting on Monday in Luxembourg, endorsed the Community's target for 4.5 per cent economic growth by mid-1979 but West Germany insisted it had not formally committed itself to achieving the goal. EEC sources said that the ministers were
      Reuter  -  502 words
    • Article
      Lock icon YIELDS FALL
      260 3 Reuter THE AVERAGE effective yield on US Treasury bills fell to 6.14 per cent for three-month bills and 6.563 per cent for six-month bills at the latest weekly auction in Washington, the Treasury said. The three-month yield is down from the 6.373 per cent at the previous auction
      Reuter  -  260 words
    • Article
      Lock icon Slight drop in Swiss reserves
      119 3 Reuter THE SWISS National Bank said its foreign exchange holdings fell by 46 million Swiss francs to 20.10 billion (5555.2 million to $24.1 billion) in the week ending April 14. The bank said its holdings were diminished by US dollar sales in connection with the
      Reuter  -  119 words
    • WORLD IN BRIEF
      • Article
        Lock icon REPORT TO PRISON...
        546 3 Agencies AMERICAN financier Bernard Cornfeld, the former boy wonder of mutual funds whose wealth was once estimated at US$l4O million (***** million) was ordered to report to prison on May 8 to serve a three-month term for bilking a telephone company of $7,600. Cornfeld, 50, was convicted
        Agencies  -  546 words
    • Article
      Lock icon Sweden's budget deficit to exceed $20b
      183 3 Reuter SWEDEN'S 1978/79 budget deficit could exceed 40 billion crowns (Ss2o billion) primarily as result of two moves expected to ease industry's costs. Political sources said the government's supplementary budget bill due before Parliment on April 26 is likely to propose abolition of the
      Reuter  -  183 words
    • Article
      Lock icon Barre may ease credit controls
      520 3 Reuter FRENCH financial markets are now generally expecting Prime Minister Raymond Barre's speech in parliament today, to contain hints of cheaper credit for industry. Banks are being urged by the government to lower their base lending rate from the 9.3 per cent level maintained since
      Reuter  -  520 words
    • Article
      Raise oil prices call
      70 3 THE German oil industry must press for higher fuel oil prices if domestic production is to remain viable, Wintershall AG spokesman Otto Walterspiel said. He said shortage of demand and unused refining capacity have caused large losses in this sector and Wintershall. a whollyowned subsidiary of
      70 words
    • Article
      Lock icon Healey on further stimulus
      198 3 Reuter CHANCELLOR of the Exchequer. Denis Healey, told Parliament "It may be possible to consider some further stimulus later in the year" if the British economy performs as well as he predicted in his Budget Speech last Tuesday. Another condition for a further stimulus, he said,
      Reuter  -  198 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      55 3 KT 1/ v d \r]*CV -j? '«&*s£ .nr ~*v I. 4 «:>„ At. r r»i<« i rrrninrrx •it;! is« :f|P, 4 .1 a- -'A t> -Z > ...a two top D.J.'s. And If you prefer qi EZStESSSSEn^ 53 m r» i «»-*J ry different. Very private. For you. infwsEKSfe:* v
      55 words
Page thumbnail Page 4
  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      405 4 OPENING quotations here were marked up marginally and prices later advanced further on sellers' reserve and good forward demand, especially for July/ September and October/ December, with short-covering and some speculative buying also aiding sentiment. The market finished the morning generally higher In moderate trading with
      405 words
    • Article
      RAS PRICES
      351 4 Prices In cents per Itllo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.S.S. prompt f.o.b. Int.1 R.S.S May Int 1 R S.S June Int. 2 R.S.S. UK/Cont Int. 3 R.S.S. UK/Cont Int. 4 R.S.S. UK/Cont Int. S R.S.S. UK/Cont. Buyers 202.50 203 00 203.75 198.00 197
      351 words
    • Article
      SSR AND SMR
      108 4 NOON SSR prices yesterday: May June HAS (Current Mth) (Forward Mth) Buyers Seller* Buyer* Seller* (cent* per kg) (cenU p er SSR 20 (1-ton pallet) 194.50 196 50N 195 50 197.50N SSR 50 (1 -ton pallet) 192 50 194.50N 193.50 195.50N MR.E.L.B. SMR SCV (1-ton pallet) 215.50
      108 words
    • Article
      Palm oil
      94 4 C.I F. North European ports, in US dollars per ton unless otherwise stated LONDON: Monday Previous Malaysia 5% ffa bulk per tonne June Sumatra 5% ffa bulk April May June July August September Nigeria 5% ffa bulk stg 808 sir unch 637 50 sir 620 sir/ 610/615 pd
      94 words
    • Article
      Closing prices
      31 4 Rubber: April 18 Singapore: May 203.25 cent* (up 0.75 cent 1 Malaysia: May 207.75 cents (up 0.75 cent) Tin: 11,528 (up $2) Official offering: 266 tonnes (up 56 tonnes)
      31 words
    • Article
      Cocoa
      181 4 TERMINAL cocoa in London yesterday eased sharply in early dealing partly against New York, involving extended limit losses in near May of £50 and related, but much less severe, declines elesewhere. But prices rallied towards the end of the special limit call on short-covering, to close t'36.50 lower in
      181 words
    • Article
      Produce exchange
      369 4 MIXED conditions Drevailed in quiet and featureless trading on the Singapore produce market yesterday. While copra, coconut oil and peppers were all traded higher, the price of coffee plunged by $10 per picul in three of the four grades listed on the Singapore Chinese Produce Exchange. Dealers said
      369 words
    • Article
      Coffee
      237 4 ROBUSTA futures in London yesterday closed a quiet morning's trading i'l7down to unchanged from Monday night. Volume traded was 351 lots including 10 options. Physical trading was dull although traders reported a slightly firmer Kenya auction with prices possibly up around US$5 from last week. On Monday. Robusta futures
      237 words
    • Article
      Sugar
      180 4 TERMINAL sugar in London yesterday opened t.0.30 per tonne down to unchanged from Monday's 5 p.m. levels and turnover totalled 1.090 lots. Prices eased fractionally from kerb levels in quiet and featureless dealings reflecting a Jack of fresh news. The London daily raws price was down tl at £101
      180 words
    • Article
      Rice
      203 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne T.0.b., basis Bangkok) While Kice: 100 pet Ist class 422. 100 pet 2nd class 427. 100 pet 3rd class 422. s pet 413. 10 pet 400. 15 pet 392. 20 pet 387. 25 pet 377 35
      203 words
    • Article
      Wheat
      65 4 WHEAT futures in Chicago on Monday closed four to seven US cents a bushel higher but ended about four cents below the day's highs. The market firmed at the opening as continued talk or Chinese buying of US wheat encouraged speculative support. Commission-house stoploss buying added to the advance.
      65 words
    • Article
      Soybean
      94 4 CHICAGO soybean futures on Monday plunged in late trading to close at the day's lows with sharp losses In nearby Months. Reports of weekend farmer selling weakened the market initially but prices turned upward on strength in oil futures and continued talk of Chinese soybean buying. Soybean oil futures
      94 words
    • Article
      Straits tin
      191 4 THE STRAITS tin price In Penang yesterday gained another MS2 per picul to 5i,528, on an official offering up 56 tonnes to 260 tonnes. The market held steady on slightly higher support demand from the US and Japan. In LONDON yesterday, tin sagged by 112 all round in
      191 words
    • Article
      Hongkong comex
      169 4 THE sugar market closed slightly easier in continued dull trading yesterday ahead of the long weekend holiday. Trading was confined to September and October deliveries, which fell 0.02 and 0.15 US cents, respectively. Turnover was steady at four lots. The Hongkong dally spot sugar price eased 0.10 to
      169 words
    • Article
      SPOT PRICES
      202 4 YARN and cotton in Hongkong dollars, spot ex-godown: Cotton Vara: China Blue Phoenix 20> 1 770 32s 2 000 40s 2.170 (per bale o( 400 lbs). Piece <«ood»: Chliu Butterfly and C.lobe Brand unq. Dragon Head unq. I-'ive Lambs unq. Flower and Butterfly unq. flying Oeese unq (per
      202 words
    • Article
      Copper
      353 4 COPPER finished the morning in London yesterday with gains of €4 for cash and C 5 for Three Months. The early pre-market strength stemmed from short-covering prompted by news that Southern Peru copper has declared force majeure on deliveries of blister copper becuase of a strike at the 110
      353 words
    • Article
      Silver
      138 4 SILVER on the London Metal Exchange yesterday snowed losses of mostly 1.8 pence. Lower early pre-market levels reflected the sharp overnight losses at New York and weakness in gold, dealers said. On Monday, silver on the LME lost 3.7 pence all round. In NEW YORK on Monday, Comex silver
      138 words
    • Article
      Gold
      371 4 THE KILOBAR in Singapore yesterday opened at 5513.000 and moved up to a high of $13.100 before easing to close at $13,037 in active trading. In the loco London market, the metal opened at U*****.30/60 and rose to a high of U*****.90/ 174.20 before closing at U*****.15/45. The fluctuation
      371 words
    • Article
      Lead
      58 4 LEAD finished the morning with losses of mostly t'1.75 per tonne in London yesterday. Moderate covering on the pre-market was prompted the w rise ln copper and Three Months worked up to 1323 per tonne. Profit-taking later reversed the trend and Three Months finished the kerb trading at 1318.
      58 words
    • Article
      Zinc
      69 4 ZINC finished the ring with losses of mostly £3 per tonne in London yesterday. Values firmed on the premarket encouraged by copper and the easier trend in sterling against the US dollar, dealers said. Three Months traded up to C 313 at the outset but the higher levels attracted
      69 words
  • MONEY AND EXCHANGE$
    • Article
      Singapore market
      475 4 YESTERDAY saw the US dollar staging a rally against the other major currencies in the foreign exchange market as traders in short positions panicked and covered their positions. Against the yen, the dollar opened at a high of 222.50/70, though this was later traded down to 222.40/60 by
      475 words
    • Article
      Minimum lending rates
      59 4 THE PRIME rate of most commercial banks in Singapore now stands at 7 per cent. Oversea-Chinese Banking Corporation it still ottering '.T to customers while United Commer°ti. '!> prime rate at 7'» per cent. The stated prime rate of the bank is the rate at which it
      59 words
    • Article
      Asian $ & CD rates
      215 4 Asian CD rates ASIAN currency deposit Interbank rates as at close on April 18: Closing Asian dollar certificates of deposit for prime names yesterday: I'S Dollar. (Soot( Offer Bid 7 days 7 6 7/8 1 mth 71/16 615/16 2 mths 73/16 7 1/16 3 mths 75/16 7 3/16 6 mths
      215 words
    • Article
      Discount
      50 4 RANGE of prices offered by discount houses on April 18: Overnight 2% to 3'«% Call deposits 3'«* Clown* Buying Selling 3-month Treasury bills 3 1/4 3 1/8 3-month Bank bills 4 15/16 4 13/16 3-month CD S1/18 415/16 6-month CD 5 5/16 5 3/16 Source: National Discount Co Ltd
      50 words
    • Article
      Euro $ rates
      107 4 Euro rates LONDON, Eurodollar deposit rates yesterday opened steady around Monday's levels In continuing fairly aulet business. One Month was adjusted 3/8 or so lower due to the loss of a Friday end-of-pe-rlod, but other fixed dates opened basically unchanged. A Friday end was operative In Six Months but the
      107 words
    • Article
      Frankfurt
      6 4 m ■n ii §44 Btu
      6 words
    • Article
      London
      259 4 BUOYED by several factors including a further sharp rise on Wall Street on Monday, the dollar yesterday opened higher against major currencies. Sentiment for the dollar was gradually changing with the offered tendency of the US currency fading, dealers said. Improved hopes for a US Energy Bill and prospects
      259 words
    • Article
      New York
      156 4 IN FAIRLY active trading, the dollar closed firmer against major currencies on Monday. Dealers said the currency was aided by a sharply higher stock market as the New York Stock Exchange reported a new record volume of 63.5 million shares traded. The Swiss franc eased to 52.30/40 US
      156 words
    • Article
      Hongkong
      132 4 AFTER overcoming an earlier setback with moderately active trading centred around the mark and yen, the US dollar closed firmer yesterday. Dealers ascribed the U8 unit's rise to extension of its advance In New York overnight stemming from stock market buoyancy and to its strength in Tokyo yesterday. It
      132 words
    • Article
      Tokyo
      163 4 THE US dollar for overnight delivery yesterday closed higher at 222.30 yen, compared with a 222.00 opening and 220.25 at Monday's close. No central bank intervention was detected in active trading with volume US$6O4 million, dealers said. The US currency rose initially to 223.30 yen on increased dollar buying
      163 words
    • Article
      Australia/NZ
      63 4 AUSTRALIA and New Zealand exchanges on April 18: AUSTRALIA: US dollar 1 1425/ 1.1377 Sterling 0 8228/ 0 ISM Ninety-day air mall buying rata*: Sterling 0 6401 US dollar 1.1725 Ninety-day forward buying rate* Sterling 0 6243 US dollar 1.1400 NEW ZEALAND Stertlna 0 5538/ 0 550* US dollar
      63 words
    • Article
      Eurobonds
      374 4 EUROBOND prices quoted on April m Straight* Bid Offer Total oil stg9'> 84 91.00 9175 FF1 stg 9*. 87 89 25 90 00 Courtaulds sis #•489.-. 88 75 89.50 EIB stg 9*4 93 93 50 94.25 Flsonsstg 10'. 87 93 00 93 75 Inco 9 92 98.12 98 82
      374 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      145 4 TIMES PUBLISHING BERHAD (Incorporated in Singapore) Half Yearly Report and Dividend Announcement The Board of Directors of Times Publishing Berhad announces the following net unaudited results for the half year to 28th February, 1978. Turnover Trading profit before taxation Investment income Group Company Group Company ss s$ s$ s$ 68,756,000
      145 words
    • Advertisement
      Page 4 Advertisements Column 2
      138 4 THE STRAITS TIMES PRESS (1975) UNITED (Incorporated in Singapore) Half Yearly Report and Dividend Announcement The Board of Directors of The Straits Times Press (1975) Limited announces the following net unaudited results for the half year to 28th February, 1978. Turnover Trading profit before taxation Investment income 22,278,000 18,542,000 2,860,000
      138 words
Page thumbnail Page 5
  • TRANSPORT
    • Article
      Lock icon Laker offers discount on Atlantic charter fares
      925 5 NYT AP LAKER AIRWAYS, in a move that may start still another round of transAtlantic price cuts, announced on Monday a sale of six round-trip charter flights to the United States and Canada. Although the discount fares apply only to six specific unfilled
      NYT; AP  -  925 words
    • Article, Illustration
      SHIPS IN PORT
      376 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cape Grenville (B. Wheat) (0800 8/9 Cherry Vilja (B. Barge) (after Ocean Supply sails) 48 Evermore Bloom (1700 after Quirinale) 18 Golden Glory (0600 25 Iberia Maru (JLOD) (after Magellan Maru Xlang Yang) 10/11 Kobe Maru (JIXJ) (1830 after Pabloeverett) 40/41 Kota
      376 words
    • Article, Illustration
      All eyes on pooling of ISO containers
      780 5  -  TRAIL BLAZER AMERICAN AIRLINES By CHAN BONG SOO AIRLINES are watching closely American Airline's (AA) venture into tHe pooling of International Standards Organisation (ISO) 20-foot airborne intermodal containers. If it succeeds, it could well provide the catalyst to a more efficient and time-sa-ving
      780 words
    • Article
      FAR EAST FREIGHTS
      930 5 THE MARKET is showing some very slight Improvements. Sales and purchases are still slow, and prices on older vessels are close to scrap value trading. But conditions for older vessels between 5,000 and 10,000 dwt are improving. Freight rates are and will continue to be attractive. 1000
      930 words
    • Article
      Lock icon LONDON FREIGHT
      202 5 UPI LINER companies remained prominent in the time-charter field, which over the past few weeks played an important role in boosting freight market rate prospects in London. In the East, Johnson Line booked a 14,970-dwt vessel at U554,650 (5510.742) per day for an April 22 to 24 trip
      UPI  -  202 words
    • Article
      Lock icon Boeing still hopeful of Air France order
      205 5 Reuter BOEING Company said it sUll hopes to win a large order from Air France despite words that the French company dropp<Ml options to buy 13 Boelng-737 from the US manufacturer. The potential Air France order would be worth about US$l4O million (*****
      Reuter  -  205 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      655 5 ARRIVALS Service Local 1 Operator Number Time From SIA SQ209 1045 HLP THAI TG981 1120 BKK 1 GIA GA944 1055 PKU 1 GIA GA908 1100 MES 'UB UB231 1115 RGN PAL PR501 1125 MNL RBA BI325 1155. BWN GIA GA982 1200 HLP SIA SQ240 1210 MES 1
      655 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      176 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 -f Call us for your local or onward reservations. .--••IT COLLECT! NQ ORIENTAL fINTIGWEJ by Judith Moorhouse and Dries Blitz ra Hamlyn Group, London. Oriental antiques have always fascinated mii»r>tnr« throughout the world, evoking as they do the exotic and Inscrutable
      176 words
Page thumbnail Page 6
  • Article
    Bilateral talks more fruitful
    441 6 IT WOULD be naive to expect the UB-Asean trade talks scheduled for today and tomorrow to produce anything concrete in the way of additional preferential trade agreements. However, It Is quite clear that these talks are more than preliminary, otherwise It Is doubtful If the Asean
    441 words
  • Article
    A potent mix for further strength
    255 6 THE RISE in the local stock market has brought on large doses of cautionary statements from analysts who take the view that the market can never rise to the highs witnessed In late 1972 and early 1973. Markets do forget, however, and the strength
    255 words
  • Article, Illustration
    LDCs want different rules for the game
    3496 6 IN PURSUIT of development, international efforts have traditionally emphasised the need for the transfer of additional resources, especially in the form of financial aid from developed to developing nations. These efforts have focused on the quantum of financial transfers rather than the use
    3,496 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      585 6 mth W A 'X.J& cto I 'V> sinGapura FORUM® HOTEL 181 Orchard Road, B'port I. Tol: *****2 408/407 Haveloch Road, B'pore 3. Tel: 4SSMI Pebble Bar Experience the unique expression of Tanla Oreat Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites.
      585 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      62 6 WEATHER outlook'for Singapore from 6 a. m. to noon today: Isolated showers in late morning. Report for 24 hours prior to 7.30 p.m. on April 18 At the airport. Maximum Temperature 32.6° C Associated Humidity M Minimum Temperature 23.9 C Associated Humidity Hours of Sunshine Rainfall in Millimetres Trace Total
      62 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      247 6 immmiQ SINGAPORE 5 3.00 PM Opening announcements followed by Serbanika (Malay-Re-peat) 3.25 Diary of Events (Malay) 3.30 Bonanza The Gold Plated Rifle 0 4.15 Intermission 6.00 Opening announcements followed by Electric Company (Last Episode) 0 6.30 News in Brief 6.35 Wild, Wild World of Animals Bald Eagle 4 Samudra (Repeat)
      247 words
Page thumbnail Page 7
  • Article, Illustration
    Harrod gets his prize too late
    927 7  -  By LEONARD SILK SIR ROY Harrod, one of the most fertile and profound economic minds of this century. Tiled In Holt, England, last month at the age of 78. His passing received scant notice on the other side of the Atlantic except among professional
    927 words
  • Article, Illustration
    STRAWS IN THE WIND
    422 7 IF YOU are over 12. or If any part of your body above the knees and below the shoulders is exposed to the public, and you are In New York, you'd better watch out. You could be arrested any minute. The New York City government Is
    422 words
  • Article
    Employees must be motivated to develop
    836 7  -  FORUM r i ...on management d •y GAN SEE KHEM TO DISCUSS management development In terms of organisational objectives is to misinterpret that process. For the management development function to be effective In fulfilling organisational needs, It Is important to consider the needs of
    836 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      314 7 HOTEL ASIA 37 Scotu 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
      51 7 BriStoVV r FmnK Diekens fC* limavp *£'D LE*RN£D I wy HouDfv/s Ptf Fun Boys sufc lf\ PtPkGC P*ND u*\MieD TO KNOW mvj \mPRtSSIOHS PRIOR TO BOOK«MG> UP FoR. V I CH»STbnf\S.. \o~Cu^ I You oneiv4 no I NO SPCK«N&? NO WeBNCHO' 3 yNO gfcPuWPFNHQf NO ftocJT 3\i£°, c f-°-r n
      51 words
Page thumbnail Page 8
  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Spotlight on large issues
      527 8 TOKYO Source: DBS-Daiwa THE stock market opened high yesterday with heavy buy orders centring on large capital Issues and blue chips. The bullishness on the N.Y.B.E. influenced the Japanese stock market and light electrical issues such as Sony and Pioneer attracted investors, especially Sony which marked
      Source: DBS-Daiwa  -  527 words
    • Article
      Sydney
      248 8 APR IK Cents INDUSTRIALS A.C.I 170 unch A N.I 139S A P M 120 -3 Ampol Pet 78 unch HHP 638 -2 HiinkNSW 534 4 Boral 238 +8 Brambles 175 unch r b a 235 +3 1". S K 275 -4 Ciul Allied .185 unch Diuilop 137 1 Ex
      248 words
    • Article
      Bangkok
      138 8 APR IK Bahts Asia Filtre 253 1 Bangkok Bunk 373 -6 Bangkok Invest. 356 20 Bangkok-Metro-politan Bank Bata 730 -20 BerliJiicker 476 -2 farpetIntnl Charoong Thai Wire 290 -4 Uumex DiisilThani Fa her Merlin First Trust Genera Finance Inclo-Thai Industrial Finance Corp 2585 +30 J And J Ho Jalaprathan
      138 words
    • Article
      Manila
      98 8 APR 18 Pesos Acoje Mining 0082 unch At las Con. A Alias Con. B 13 90 *0 2 BaguioGold 0072 unch BtnituelCon B 21.50 -1.3 BK Goodrich CDCP 14 00 unch 1 licit B Le panto B 15 unch Marinduque B 4 00 unch Meralco 6 65 4-0.15 Oriental
      98 words
    • Article
      Jo'burg
      302 8 \PR IT Rand INDUSTRIALS A Alpha 100 unch 175 AE And CI 240 unch AMIC 850 unch Barlows 360 -3 Cg Sugar CNA 610 120B 10 ♦5 Currl*Finance 66 unch De Beers Ind 875B ♦5 180 ♦5 Edgars 2100 100 Eveready 165 unch Fed Vol* 137 unch Fugtt 75B
      302 words
    • Article
      Selected indices
      60 8 FINANCIAL TIMES H.K. HANG SENG INDUSTRIALS Tuesday 441.18 Monday 434 29 Week Ago 449 63 Week Ago 463.3 DOW JONES AVERAGE SYDNEY INDUSTRIALS INDUSTRIALS Tuesday 409 39 Monday 408 51 Week Ago 402.84 Week Ago 773.85 LONDON DOLLAR ALL ORDINARIES 1 470.18 PREMIUM Tuesday Monday 115 to 115*4
      60 words
    • Article
      Hongkong
      409 8 AFTER a slow start similar to Monday's, the market picked up yesterday, encouraged by Wall Street's performance. Steady buying of blue chips saw the Index up 4.81 by lunchtlme but Investors were by no means aggressive. HK Oas rose 80 cents to 20.70 on the water restriction news while
      409 words
    • Article
      Frankfurt lower
      237 8 FA R< >I'FA S MARKETS FRANKFURT share prices eased on balance, with trading marked by lack of buying Interest on Monday. Leading banks, electrlcals and mechanicals shed upto three marks, while chemicals were mixed. Contl-Gummi eased 80 pfennigs from 77.5 marks to 76.7 following company announcement of a
      237 words
    • Article
      Frankfurt
      223 8 APR IT Dm Afl-Tflelunktn 87 40 -1.4 Akao 24.90 Allz Leben 824 ♦3 Allz Vers 480 -5 BASK 137 90 unch Bay H T Whank 285B B.iy Vbank 314 50 -3 5 Bayer 139 SO -0 5 BBC 292 20 -1.1 BMW 215B Cassella 365 Chem Verw 242 2
      223 words
    • Article
      Amsterdam
      242 8 APR 17 FIs ABN 355 50 1 Ahold 108 00 1.5 Alcwi 2« 60 ♦0 3 AMKV 82 00 -0 4 Amfa& 110 00 -0 6 Ainrot&tnk 75 90 0 7 Ritkuss 56 50 H»-rk 9150 4.4 Bols 71 80 +0.8 BorsumlJ li8 70 1 Burhmann 87 90 1
      242 words
    • Article
      Toronto
      363 8 SHARE prices closed sharply higher In active trade on Monday The composite index was up nearly seven points and advances led declines 277 to 189 Twelve sub-groups rose, with pipelines up 14 W points and financial services and management companies more than 12 points higher. The gold Index dropped
      363 words
    • Article
      Paris
      292 8 APR 17 Fr» CORBEILLE Air-Liquid? 291 50 ♦0 5 H S N Centals Ihinone 450 37 5 C8 Ft Thomson C*f» 220 2.5 lie Fruncaise dps Pet roles 122 26 O impugn it hiunclm ('•■mpugme Grnrrak 354 90xd-13.1 Credit Fonrler De France 333 -1 Harhette < Libra me) 174
      292 words
    • Article
      Prices shoot up
      1362 8 NEW YORK THE stock market repeated Friday's record-breaking performance as prices climbed sharply across the board sending volume to its highest level In history. But the Dow Jones industrial average, which had been up by more than 22 points shortly after mid-session. began a slow and steady
      1,362 words
    • Article
      CHICAGO BOARD OPTIONS
      1450 8 April 17 TRADING on the Chicago Board Options Exchange set a new record with turnover of 348,823 contracts on Monday, surpassing the previous record of 278.823 on Friday. OPTION APL JLY OCT STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel All R AUR AUR
      1,450 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      335 8 Slow boat from 14 1 iii %i> f > I w .x* 1 «SSW J** CHINA TRADE QUARTERLY Far East Publications gj 1913, Hanglung Centre, Paterson Street. Causeway Bay. Hong Kong. I 'Please enter my full subscription to China Trad* Quarterly. lam enclosing a cheque/money order for US$2OO.OO or equivalent
      335 words
Page thumbnail Page 9
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Smaller firms find the going easier
      868 9 NORTH AMERICAN COMPANIES NYT LIKE many other executives of small US companies in the rapidly expanding, capital-hungry electronics industry, Ray Stata, president of 12-year-old Analog Devices Inc of Norwood, Massachusetts, hopes he has a formula that win allow his company to survive without being
      NYT  -  868 words
    • Article
      Lock icon Profits up 20 pc at Chicago Bank
      155 9 Reuter FIRST National Bank of Chicago, the nation's eighth largest, reported more than a 20 per cent increase in operating profits for the first quarter and also raised the possibility of an increase in the dividend later in the year. Chairman Robert Abboud,
      Reuter  -  155 words
    • Article
      Chicago Corp
      38 9 FIRST Chicago Corp said its first quarter net operating earnings per share was 78 cents (65 cents). Operating net profits were US 131.06 million ($25.75 million). Earnings per share after securities was 79 cents (70 cents).
      38 words
    • Article
      Lock icon Chrysler takeover
      92 9 Reuter CHRYSLER Corporation said it was having talks with a major Japanese car manufacturing firm concerning a part takeover of its Australian subsidiary. Chrysler said in a statement: "Meetings were held with representatives of Mitsubishi Motor Corp (MMC) concerning Mitsubishi's participation in ownership of Chrysler Australia." The statement,
      Reuter  -  92 words
    • Article
      Lock icon Anaconda closed for maintenance
      78 9 Reuter ANACONDA Co will close its Anaconda copper smelter for two months starting May 1 for maintenance, a company spokesman said. Anaconda is a unit of Atlantic Richfield Co. The spokesman said most of the 1,128 employees will be off for the two months. Some will
      Reuter  -  78 words
    • Article
      Lock icon BURROUGHS BACKLOG UP
      60 9 Reuter BURROUGHS Corp said worldwide backlogs at the end of the first quarter were up 10 per cent from the beginning of the year. It said Incoming orders during the quarter rose 15 per cent reflecting continuation of good order levels in the previous three quarters and
      Reuter  -  60 words
    • Article
      Lock icon Amex listing
      36 9 Reuter AMERICAN Express will list its common stock on four more European stock exchanges in May.onDuesseldorf and Frankfurt exchanges on May 8, Paris bourse on May 10 and Amsterdam exchange on May 12. Reuter
      Reuter  -  36 words
    • Article
      Lock icon Sizeable jump in Bendix results
      121 9 Reuter BENDIX Corporation, a diversified manufacturer, reported a sizeable Increase In profits for the fiscal second quarter and six months, and predicted record profits for the full year. For the second quarter ended March 31, profits rose to U8531.888.000 or <1.43 a share on sales
      Reuter  -  121 words
    • Article
      Lock icon Ford cars to cost more
      99 9 Reuter FORD Motor Company, the second largest US car maker, said it was increasing retail prices of Pinto, Mustang ft and Mercury Bobcat models by an average of US$O4, or 1.9 per cent. Ford said prices for the Pinto, Bobcat and Mustang were reduced at
      Reuter  -  99 words
    • Article
      Lock icon Kaiser
      55 9 Reuter KAISER Aluminum and Chemical Corp announced first quarter net earnings per share (EPS) of US $1.20 ($1.18). The diluted EPS was $1.13 ($1.10). Net profits were $24.5 million (23.9 million) and sales total $548.2 million (522.6 million). The net profit Includes a loss of $6.1 million (gain of
      Reuter  -  55 words
    • Article
      Lock icon HONDA OPTIMISTIC
      294 9 ASIAN COMPANIES Reuter TOKYO: Honda Motor Co Ltd said it expects a 14.4 per cent fall In net profit in the 1978 business year, ending next Feb 28, at 15 billion yen from a record 17.51 bllUon in 1977. Sales will rise to a record 930 billion yen
      Reuter  -  294 words
    • Article
      Lock icon Internal funds for stake in Marine Midland
      265 9 Reuter HONGKONG: The Hongkong and Shanghai Banking Corp (HSBC) will finance the initial cost of buying into Marine Midland Banks Inc from unutilised funds It holds In US dollars, chairman Michael Sandberg told the annual general meeting. He said the bank is very
      Reuter  -  265 words
    • Article
      Lock icon Share swap, cash offer for Gypsum
      85 9 Reuter SYDNEY: Boral Ltd said It will offer nine of Its 50-cent par shares for every 10 Australian Gypsum Industries Ltd 50-cent par shares as an alternative to Its previously reported A 52.22 a share proposed cash bid. Based on the $2.30 close for
      Reuter  -  85 words
    • Article
      Lock icon Mohan declares nil dividend
      74 9 Reuter HONGKONG: Mohan's Property and Investment Ltd declared nil final 1977 dividend (same). Total dividend was nil (same) too. The company is a 77.27 per cent owned subsidiary of Hutchison International Ltd which is wholly-rowned by Hutchison Whampoa Ltd. Accumulated loss carried forward was $35.92 million
      Reuter  -  74 words
    • Article
      Lock icon NIPPON STEEL WINS ORDERS
      131 9 AFP TOKYO: Nippon Steel Corp said it has won two orders from steel-making plants In Brazil and Portugal. A five billion yen Brazilian order placed by Companhla Siderurgica Nacional S. A. calls for the supply of codrolled plating and sheeting annealing equipment by February 1981, it
      AFP  -  131 words
    • Article
      Lock icon THAILAND'S ZINC SMELTER
      87 9 Reuter A GULF and Western Industries Inc project to build a US$llO million zinc smelter in northern Thailand remains "dormant" but the plans have not been dropped, a company spokesman said. A published report in Los Angeles, quoting US business sources, said the company had dropped the
      Reuter  -  87 words
    • Article
      Lock icon Jardine Manila
      56 9 Reuter MANILA: Jardine Manila Finance. Inc, a Joint venture of Jardine Matheson and Co. Barclays Bank International, and the Manila Banking Corp opened an expansion programme by Inaugurating its first branch In San Pablo City. The company is engaged in wholesale and consumer financing of motor vehicles, receivables
      Reuter  -  56 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      218 9 TV* N»» nW joott® 4 1 JUST RELEASED! n m A from Behind Asia's Headlines... The tycoons and terrorists/ statesmen and scoundrels, moneymen and mystics who make the news across the continent. Straight off the front page of The Asian Wall Street Journal, 36 lively stories jam-packed into a single
      218 words
Page thumbnail Page 10
  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1636 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. All Tltne Settlement Contracts are quoted after the world "sett". Big Board deal
      1,636 words
    • Article
      Government bonds
      55 10 4 3/4% 1/5/7# (250.000) (101.10S) 5 1/4* 15/10/79 (250.000) (101 60S) 5 V 4% T F I&V8I-84 290.000) (102 90S) 6 1/4% T F 15/4/91 (250.000) (100.70S) 1/4% T F IVI4/M (250.000) (100 555) 6 1/4% T F 1/5/17 (250.000) (100.506) C 1/4% T F IWK-17 250.000) (100.50S)
      55 words
    • Article
      Stock options
      241 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. C and C (June $2.20) <-) (1) 1.14 F and N (June $3.10) (1.328) Inchcape
      241 words
  • Article
    Unit trusts
    150 10 SINGAPORE UNIT TRUST INCOME BOND UNIT prica far April It) ICwnal p rim) The Commerce in 2.04 INCOME BOND 1.04 1.10 The 8a ring Fund 1.13 l.» 3'pore Prog Fund S pore Security Fund 0.91 096 MARA BUMIPUTRA FUND IWiMpm' prteaa far April 19) 1.75 1.96 First Bumipulra
    150 words
  • Article
    SHARE INFORMATION SERVICE
    2449 10 1978 High Low Company Last Sale +orGr'i Div Div C'vr Gr'i Y'ld Net P/E Vol <'«») Day Hi«h Low SECTION ONE INDUSTRIALS 181 213 136 300 72 V, 247 183 330 418 146 132 123* 112 260 60 V, 191 144 256 394 123 Ac ma Alcom
    2,449 words
  • Article
    In Kuala Lumpur
    1797 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 Aetna (1.748). A|.nomoU (2.10B) XALL Ateam (1 87B) (4) 1 bb
    1,797 words
  • Article, Illustration
    Bulls storm the market
    704 10 SINGAPORE THE bulls took the Singapore stock market by storm yesterday in one of the most active trading sessions for the past five years. Total volume transacted was 5.1S million units valued at $11.24 million compared with 4.01 million units worth $8.20 million done on Monday.
    704 words
  • Article
    Blue chips lead on KLSE
    676 10 BLUE chips and the heavier-weighted stocks led in a steady advance amid fairly selective conditions on the Kuala Lumpur stock market yesterday. In generally light to moderate trading, these counters saw strong support to close with Impressive gains. Price appreciation of some five to 10
    676 words
  • LATEST RESULTS
    • Article
      MALAYAN Floor Mills:
      35 10 Group pre-tax profit $13.18 million (89-82 million) for the year ended Dec 31, 1977. uroup sales $78.33 million ($85.48 million). Final dividend six per cent tax exempt (nil). Proposed bonus issue one-for-three.
      35 words
    • Article
      Bousteedco Singapore:
      45 10 Group pre-tax profit $6.3(C million ($6.02 million) foa* the year ended Dec 31, 1977/" Group turnover $88.49* million ($78.15 Final dividend 7.5 per cent (five per cent). Bonus dlvi** dend 2.5 per cent (niiyr' Proposed rights issue two* for-seven at $1.25 per share.
      45 words
Page thumbnail Page 11
  • COMPANY NEWS
    • Article, Illustration
      National Iron looks to steel recovery
      1221 11  -  ■y ARTHUR NG A RECOVERY in the prices ®f steel and steel related products looks Imminent how that it is universally accepted that steel manufacturers around the world should restrict their production further, rather than adopt dumping policies. This is the view expressed by
      1,221 words
    • Article
      DIVIDENDS ANNOUNCED
      693 11 Current Ei payment Date Goodwood Park 7*%<b) Mar 21 Mine Court 5%<b) Mar 21 Hotel Malaysia 5%<b) Mar 21 Prima 14%(e) Apr 4 M. Breweries 8%I April K.L. Kepong Deb 6.25%<g) Apr 7 G.E. Life 22%(k) Apr 17 A. Enterprise 10%<n) Mar 31 Talam Mines 5%<n) Mar 31
      693 words
    • Article
      Batu Kawan
      97 11 BATU Kawan has become the beneficial owner of Gadek (Malaysia), a company quoted on the London Stock Exchange. Revealing this to the Stock Exchange of Singapore. the company says that its 70.1 per cent holding came about following the scheme of arrangement which became effective at end-March this
      97 words
    • Article
      COMPANY MEETINGS
      414 11 Ajinomoto (M) Bhd: AGM to be held at 6V» miles, Simpang Salak, South Baharu. Kuala Lumpur, at 9.00 a.m. on April 25. National Iron and Steel Mills: AGM to be held at the board room of Development Bank of Singapore Ltd. DBS Building, 6 Shenton Way, at, 2.30
      414 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      63 11 BUSINESS OPPORTUNITY Hong Kong based International Company seeks Reputable Company In Singapore as 80LE AGENT for marketing high quality Japanese Quartz travelling and table clocks In Singapore, Malaysia and Indonesia. Interested parties are requested to reply to P.O. Box 7025, Tsimshatsui, Kowloon, Hong Kong giving details and background of your
      63 words
    • Advertisement
      Page 11 Advertisements Column 2
      1421 11 B Bousteadco Singapore Limited Preliminary Announcement of Results for the Year Ended 31st December 1977 The audited trading results for the year ended 31st December 1977, compared with the previous year are:GROUP COMPANY 1977 1976 1977 1976 $"000 $*000 $'000 $*000 Turnover 88,448 78,145 Profit before Taxation 6,300 6,022 3,629
      1,421 words
Page thumbnail Page 12
  • Article
    TIMES ARE GOOD AT HALF TIME
    345 12 TIMES Publishing and Straits Times Press (1975) look set to turn in another year of record earnings, judging from their performances at the half-way mark. For the six months ending Feb. 28, 1978. Times Publishing recorded an 11.5 per cent rise In group pretax
    345 words
  • Article
    Lock icon Sydney gold futures
    315 12 Reuter THERE Is considerable investor interest In the Sydney gold futures market opening today, but It may be some time before Interest is translated into significant trading activity, Sydney futures brokers said. They expect trading to begin cautiously, but foresee a dally turnover of about 100 contracts
    Reuter  -  315 words
  • Article
    LONDON STOCKS
    779 12 LONDON. Tues. Equities closed higher in light trading on a technical reaction following the advance on Wall Street yesterday, while government bonds firmed slightly At 3 pm. the Financial Times index was up 9.3 points at 456 0. However, gold shares fell by up to USSI.2S in line
    779 words
  • Article
    Record surplus can lead to export controls
    834 12 TALKS OF export controls are gaining credibility in Tokyo following Monday's announcement by the Finance Ministry that Japan chalked up another record trade surplus in March. Last Saturday, when the Ministry of International Trade and Industry announced that It would take official steps
    834 words
  • Article, Illustration
    Guthrie keeps its chin up
    331 12 THE locust years at Guthrie Berhad are largely over. If the optimistic utterings of the company's top management are anything to go by. Shareholders will, however, have to bear the market's wrath on the value of their holdings following Guthrie's announcement yesterday that group pretax
    331 words
  • Article
    Shippers making heavy weather
    524 12  -  •y TERESA LIM NO AGREEMENT was reached at the meeting held recently between the Singapore and Malaysian shippers' councils and the Singapore and West Malaysia/ West Africa Freight Agreement. The Singapore National Shippers' Council (SNSC) and the Malaysian National Shippers' Council had, under the auspices of
    524 words
  • Article
    Lock icon Bill to protect US textile industry
    191 12 Reuter A BILL to protect the US textile industry against imports by granting it automatic exclusion from future tariff cuts was introduced on Monday by Senator Ernest Hollings. Sen. Hollings, a Democrat from South Carolina, a major textileproducing state, said the bill was introduced
    Reuter  -  191 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      296 12 GUTHRIE BERHAD (Incorporated in the Republic of Singapore NOTICE OF MEETING NOTICE IS HEREBY GIVEN that the Ninth Annual General Meeting of Guthrie Berhad will be held at the Registered Office, 39 Sixth Avenue, Singapore 10, on Friday, 19 May 1978, at 12 noon to transact the following business: 1
      296 words
    • Advertisement
      Page 12 Advertisements Column 2
      347 12 FROM FEDERAL PUBLICATIONS V I IM BtAN YAM W\ m I V V Va 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
      347 words
Page thumbnail Page 13
  • Article
    SHIPPING TIMES
    3379 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. StuDilch hu a joint service arrangement with
    3,379 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      528 13 THC KST MO FASTEST MY TO THE USA IS MAERSK LINE SINGAPORE *****46 PENANG *****1 K.LUMPUR ***** P. KELANG *****0 SHIPPING S Seatrain Fu" Conidine' Servce To USA FttDtt ISL SPORE MOTHER VSI AHSJU 22/4 iMtnulMki A VCSSCL n ft VCSSCL 5/5 IMb— tram CancartV-47 Lines Inc (USA) Trans-Pacific Service
      528 words
    • Advertisement
      Page 13 Advertisements Column 2
      515 13 SAGASIA PTE LTD LOUIS ORE VFUS G»OUP GF" COMPANIES: LDC Wte AGENTS FOR: OCEAN SNIPPING LINE REGULAR NON CONFERENCE SERVICE FAR EAST TO PERSIAN GULF S'POK MUM 10*01 (IS FOR: •MY OCEAN DIAMOND 2* Aft 23 Apr Karat*/Kherra-ttMir M.V. OCEAN ACE 21 May tarn*/Mintat/K—ait/Bewali/ MY OCEAN GLORY 20 I«m Karacfc/Mmcat/Kiraaft/tank/
      515 words
    • Advertisement
      Page 13 Advertisements Column 3
      407 13 EVERGREEN LINE v >" RED SEA, MEDITERRANEAN SEA SERVICE ETA STORE LOADING FOR: EVER HONESTY Vor IS-4N EVER SAFETY 16-19W PORT SAID, LIMASSOL. LATTAKIA. JEDDAH JEDDAH. AQABA GENERAL AGENTS: CHIP SENG COMPANY PTE. LTD., 131, ROBINSON ROAD, SINGAPORE. 1. TEL: *****33 (t LINES) TELEX: R*****1 \G- Greenfield Navigation Co., Ltd.
      407 words
    • Advertisement
      Page 13 Advertisements Column 4
      95 13 NOTICES NEW OIL BUNKERING SERVICES AT DAMMAM, SAUDI ARABIA For the supply of: 1. All grades of bunkers, i.e. marine fuel oil, marine diesel oil and marine gas oil, to vessel arriving at Dammam anchorage or alongside, by our own tankers (vessels). 2. Fresh water to vessels. 3. Land transport
      95 words
    • Advertisement
      Page 13 Advertisements Column 5
      13 13 FORTNIGHTLY TO MIDDLE EAST LAND J D«T KFItICEMTED CO»IT»IW« UWICI BOOKING TEL *****22
      13 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      450 14 A ANGLO-FRENCH TRADING (JS 22?b Sft* Kuala Lumpur 03 *****4 03 *****7 Ml J??9'B9 Port K«i«ng 38'821 3 CFS 3887R8/7/8 f«rmin(|l ?2055*0 Pe»n«ng ***** 8 Ipoh 05 2803 4 SUMA LINE NrlAr.f l\j EXPRESS SEMI-CONTAINER SERVICE TO EUROPE TRANSIT STRAITS/UK-CONTINENT 21/24 DAYS S'PORE P. KELANG PNANG R OAM HAMB ANTW
      450 words
    • Advertisement
      Page 14 Advertisements Column 2
      835 14 I a SANKYO LINEj AUSTRALIA SERVICE P. Mm| fcpp— L»i«m to: MATCARf 21/23 Apr IN PORT FREM,AOEL,MELSYO KYOTEN HARD »/2» Apr 99/30 Apr AOCL. MEL, SYD LOGISTIC ACE S/SMay 7/» May AOCL, MEL. SYD MAY BREEZE 14/15 May 12/13 May MS. SYO. MEL BANGLADESH SERVICE MAY BREEZE 27/21 Apr 25/2
      835 words
    • Advertisement
      Page 14 Advertisements Column 3
      461 14 tLAND U.S.*./ ASIA SERVICE tOTH FLOOR HONG LEONG BIDG IS RAFFLES QUAY SINGfiPORf 1 Custome* S*r»ict Boot nj 222^??? Terminal ?57"''53 *****3/ REGULAR RORO SERVIC Go one better to the Middle East PRIORITY BERTHING t DISCHARGE AT ALL PORTS tt Ac«*m| O+m carja f«r I Sum and Ua DaM b»
      461 words
    • Advertisement
      Page 14 Advertisements Column 4
      1089 14 Everett Lines LOAMM 'BURMESE NATIONAL LINE* Wf SSC Agmts in Moloyvo TEPS MALAYSIA f r Ketoog Trt (381-7355 Penoog Tel *****/***** -M "f» S. A. C.I.F. "ARGENTINE NATIONAL LINE" LOADING 'OK DURBAN CAPETOWN BUENOS AIRES PAMPA ARGENTINA 4/SJa* 6/7 Jw 8/9 Jun CtA TramfortMia Mwitiw MnicMi S. A. "MEXICAN NATIONAL
      1,089 words
    • Advertisement
      Page 14 Advertisements Column 5
      561 14 JARD NL AN IA /A Orient Overseas Ca*dcu*ieA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA I CHEVALIER PAUL 1M NEPTUNE COUL 7» I NEPTUNE PEARL 9M CHEVALIER ROTE Ml HKOM CONTAINER li INERCATOR6M ORIENTAL CHIEF 9M All vessels call Bremertiaren alter Hamburg FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) NEPTUNE
      561 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      1271 15 SERVICE TB BK/CONTINENT: sssssa gs-r 5l BAiTST* J B ekpous niter i )<m UNUBEB It Mar 21 Mf 1| laa 1 1 24 THUKS lUM 1* Jaa 12 JH 1 lain CMTAJNERSNIP SERVICE FtOM H/CONTINENT R'Oam U A'mrp Havre n km 21 Apr niq ti May unq 11 May l|r
      1,271 words
    • Advertisement
      Page 15 Advertisements Column 2
      1272 15 T« OK/CONTINENT (fit tni) Out Singapore r. Kaiang Ftm| Eerooa PATWCLOS MM 11/11 Mar It, 21 m DM gwbeo. Amst, H'tMrrg. L'po. L'pool. OENmhoY 21/7J Mr 20/27 Apr n May Lisaoa. U.MI Hall. RENCRUACNAN 2 Map Mir I Mar i J«M (ilhan. Amsterdam, H'bui Dubl.a, Liverpool. RENVAHNOCH 11/ 2 Jaae
      1,272 words
    • Advertisement
      Page 15 Advertisements Column 3
      665 15 I cm BEN LINE CONTAINERS LIMITED mrrr MM. 32 n BEN ASIA CONTAINER SERVICE EXPRESS STEAJTVUfIU/STRAITS CONTAINER SUV IK S'pore PHe ling Peninf. Yoko Outl K ESS 451 S*let PHI 4 Mi, I S'pore P. KelMt ASIAN PRINCESS 451 Sl U SKlet NIRKOM MAtU l» 2t Apr 21 Apr «H
      665 words
    • Advertisement
      Page 15 Advertisements Column 4
      1040 15 Scan Dutch V EXPRESS CONTAIHFP SER Fao«or froao P. Ituat Vnul TITAMA FIANCESCA m lIHIMa FIAftCESCA S JVTUNIM [uiMu iv ma. Hirr FIANCESCA N I UUNIt Iporo U Maoillos 2 Mm 9 Hkart 4} an VI 4 V* IV I IV I IV 1 i/« iv s iv a/1 M/
      1,040 words
    • Advertisement
      Page 15 Advertisements Column 5
      525 15 GUTHRIE BOUSTEAD age^CTS THE BANK LiNE LTD. UHtMLIIWU TISTIAM muntm, Darted. Hiatiu Tmt 14_ p.f., urn* ii n/ti a* sort FMTOM ITM (Miiifitiin, RtwxM. DwfeM, f t-. PL Capttum) Paw* P an Mai port a/H M* nw un i wn tFiu rat imni aumu uletTsi*? s r Mr p m
      525 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      957 16 "K" LINE raur e««TMana ana mm on* atzj Sport MWai L Havre HTwrj Bremea IT6* ORIENTAL RESEARCHERIV 22 Apr 23 Apr 13 May IS May II Hay 17 Mi CHEVALIER PMI IIW 21 Mr 20 Afrr 20 May 21 Nay 23 May 24 U NEPTUNE COIUL TV May S Nay
      957 words
    • Advertisement
      Page 16 Advertisements Column 2
      889 16 E.C. IJJUATUUme/tOLF SERVICE n JUMAOHOV SONS i .TO Sngipne T•! 91 2b 1 1 b Irni ÜBAIDUIIA CO SON UNO *of Tfi Jba i«j JUMAOHO* SONS V SDN BHD Pe JPB T e» *****6 8 SINGAPORE ISLANDS LINE MIDDLE EAST REGULAR LINER A SAFE WAY TO SHIP BY SSA 'SENTOSA
      889 words
    • Advertisement
      Page 16 Advertisements Column 3
      782 16 NEPTUNE ORIENT LINES LTD ■FUU.Y CONTAINERISED SERVICES: UUJ NEPTUNE PEABL CNEVM.IEI M2E KCNCKONC CONTAINER MIENTAL CHIEF 74 Mi, TB Ml FMM OSTIUM ROM CINTA'NfI SEIYJCf) I i m SANKO LINE. FROM JAPANESE PORTS AND HONGKONG n STATES STEAMSHIP COMPANY EXPKSS somct TOIFMM PACIFIC HOTHWIST AM MHQLIL9 ACCENT INC CIKt FM
      782 words
    • Advertisement
      Page 16 Advertisements Column 4
      715 16 MALAYSIAN MTfHHATKHAI SHIPPING CORPORATION BEKMAO IEL- H *****4. EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/CONTINENT/SCANDINAVIA Faalar t. K*lpa{ Vtsstl UfAMM la.M TBYAMA FBAMfSCA to Part MMICAN FBAMCCKA I irruMit lUANOU IJ/ Ml. min S'Mn 1) M»>ilm 2) Un X Mkarg 4) CBari VI W/l 12/1 M/l i/» it/1 m i a/
      715 words
    • Advertisement
      Page 16 Advertisements Column 5
      891 16 INTRASEA (PTE) LTD V. IM VWAV m v turn (CONTI SHIP) KOUI INBCPENBENT SfMI/TKL CMHINER SOWBE EHBPE S'pore P. Kelang UMMI Fw ,*M.V. AEGIS BALTIC SmM S*M la Put S'toa/R'tfam/trbart/ A'trerp. RVI NAY II Mr 25 Apr A'werp/TOw/H'burf. LVAL 1 Mir 3 Mir M'seiHes/S'ton/R'dim/ L SNIP) H'bwg/G'burg. 'tectftNC Tkmft I'l.a
      891 words