The Business Times, 20 April 1978
1978-04-20
1
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The Business Times
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Title Section11 1978-04-20 1 BUSINESS TIMES M.C.(P) No. 21V1/78 THURSDAY, APRIL 20, 1978 50 CENTS11 words
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BRIEFLY...
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Article71 1978-04-20 1 AFP KUALA LUMPUR, Wed. Malaysia will not allow the Concorde to overfly Its territory until It Is fully satisfied that such flights will not cause air pollution. The Communication Minister, Tan Sri Manlckavasagam, also said Malaysia Is not satisfied with the air services agreement with Britain. However, heAFP - 71 words
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Article69 1978-04-20 1 Reuter. TOKYO, Wed. The Japanese International Trade and Industry Ministry Is considering a plan to build up a stockpile of gold for Industrial use as emergency Imports to reduce Japan's large current account surplus. The plan, still In a formative stage, alms at setting up a semi-official organisationReuter. - 69 words
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Article76 1978-04-20 1 Reuter. MANILA, Wed. The Philippine Central Bank has proposed a presidential decree allowing domestic banks dealing In foreign currencies to transact fully In currencies acceptable as part of the country's international reserves. Central Bank Governor, Gregorlo Llcaros, said this would mean removing the need for same currency cover,Reuter. - 76 words
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Article59 1978-04-20 1 UPI TOKYO, Wed. Japan national railways workers virtually crippled the network of nationwide passenger train service today, the second day of their scheduled 48-hour Illegal walkout to get an average 7 per cent monthly pay Increase. About 4.9 million passengers who normally ride Kvernment-supported JNR trains throughoutUPI - 59 words
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Article70 1978-04-20 1 UPI. BANGKOK, Wed. The Revenue Department today announced the enforcement of a 10 per cent capital gains tax beginning May 1, touching off complaints from the floor of the Securities Exchange of Thailand when the market opened. The first collections are to be handed over on JuneUPI. - 70 words
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Article55 1978-04-20 1 Reuter. LONDON, Wed. National Westminster Bank Is Snt 10 7 5 cent torn 6.5 per cent effective tomorrow. Its deposit rate will simultaneously be raised to 4 per cent from 3 per Following Natwest's announcement, Be 'clays and Lloyds also said they were raising thei 4 rates byReuter. - 55 words
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Article114 1978-04-20 1 UPI. NEW YORK, Wed. Stocks, trying to rebound from their first loss in four sessions, forged higher early today despite a government report that showed the economy slowed In the first quarter. Trading was active K but below the recordshattering levels of the previous four sessions, after theUPI. - 114 words
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Chief Price Changes
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Article126 1978-04-20 1 Rites Most active thinlop Ind 384 +64 API 254.000 D Keramat Guinness 830 +25 City Dev 251,000 560 +20 Sin Chew 239,000 Utd Malacca 410 +20 Sime Darby 136,000 Carlsbert 450 10 Total Turnover: 5.10 m Sime Darby 440 10 Total Value: $11.28 m Nat Iron 396126 words
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Article, Illustration157 1978-04-20 1 Rises Most active Consol Pit. 6.05 +.15 S. Darby 328.000 N. Iron 4.10 .12 A.P.I. 324,000 Con. Pit Wtrinti 2.44 .10 Perils 239.000 Perlia 2.49 .10 City Dev 233.000 M. Banking 3.66 .10 Total Turnover: *4.76 m Tronoh Guinea* 5.65 5.75 +.10 .10 Total Value: MS 11.05157 words
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Article901 1978-04-20 1 RONNIE LIM - ACQUISITION COSTS $30.8 m By RONNIE LIM THE acquisition of Hotel Summit will cost Goodwood Park Hotel $30.85 million. This Includes a $10 million loan owing by Summit to Oversea-Chinese Banking Corporation. The medium-term loan was taken by Summit last year to finance Its extension901 words
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Article239 1978-04-20 1 Reuter FIVE LAW Lords, after a 16-day hearing, dismissed an appeal by the Singapore Government seeking reinstatement of five charges which Richard Tarllng, former chairman of Haw Par Brothers International, could face on extradition to the Republic. The Singapore Government wants Tarllng's extradition, stating that ItReuter - 239 words
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Article, Illustration583 1978-04-20 1 SOH TIANG KENG - Br SOH TIANG KENG LIFE insurance protection for Singaporeans is grossly inadequate and existing life policies represent only about 8 per cent of the nation's total population. Against this background the insurance commissioner, Mr. Tan Ouan Aik, said yesterday there Is plenty of583 words
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Article139 1978-04-20 1 Reuter. THE Sydney gold futures market got off to a solid start. This augurs well for Its future viability. The first day of trading at the Sydney futures exchange saw 99 contracts of 50 ounces each. Brokers said most trades were done InReuter. - 139 words
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335 1978-04-20 1 MARKET rumouri that OCBC will be announcing bonus issue with its results remained unfulfilled when the figures were released after trading hours yesterday. The results were unexciting as group net profits after transfers and minorities rose by only 10.6 per cent to335 words
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577 1978-04-20 1 THE WEST German Hasco Oroup, which produces tool and die components for precision engineering equipment, will be Investing between $4 million to $5 million on a manufacturing plant In Singapore. Hasco's decision, according to Its Singapore manager, Mr. L. Berghoff. follows a successful577 words
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Page 1 Advertisements
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Advertisement120 1978-04-20 1 *r AMOST EJSnNGOSHED cm Peugeot 604 exudes luxury. It's rigid body is protected by Electrophoresis and six handsprayed coats of paint plus a top layer of varnish. Insulation from noise and vibration is achieved via a floating differential, seats that are tuned to the fully independent suspension and extensive padding120 words
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Advertisement71 1978-04-20 1 Leader Page 6 SHIPPING TIMES RELIABILITY sets up Jurong tcitlnx facility SOURCES of fond for fleet expansion POINTERS for Carter to stock TOKYO shares going great gun* UMWsouped up for spurt... 11 BOUSTEADCO down in 2 BOUSTEADCO down in second-half 5 PICA earnings peak..... RUPEE interbank market 6 flourishes ELEMENTS71 words
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Advertisement148 1978-04-20 1 ,.*!|!$'^~']]>%@\=$};<,~:`<+[]~ JSOS&j 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,148 words
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TRADE AND INDUSTRY
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582 1978-04-20 2 PETER CHIA - •y PETER CHIA A US company, specialising In the testing of semi-con-ductors, has set up a $1 million facility In Singapore. The plant, set up by Reliability Incorporated, will conduct tests initially. It will venture into the manufacture of testing equipment at a later582 words
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Article488 1978-04-20 2 CHAN BONG SOO - ■y CHAN BONG SOO A TOTAL of 44,273 Singaporeans visited Thailand last year, an Increase of 22,798 or 106.2 per cent over 1976. In 1975, the total number of tourists from Singapore was 46,531. This makes Singapore the 13th largest tourist generating market for Thailand. Among neighbouring488 words
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576 1978-04-20 2 EXPORT quota of timber from Peninsular Malaysia Is now open to applications. A statement from the Primary Industries Ministry in Kuala Lumpur said applications close on May 31. Meanwhile, the Federation of Maiaya Timber Exporters' Association yesterday urged the government to take up with the576 words
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303 1978-04-20 2 IN THE 1980s, Japanese ex* porta will face •tiff competition from regional countries, and there will be serious doubts about the ability of the Japanese economy to export. The latest iasue ot Chase Manhattan's bi-weekly publication. International Finance, said while it303 words
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321 1978-04-20 2 Reuter SOUTH Korea had been forced to airlift beef from Australia to maintain supplies disrupted by Industrial unrest at Australian ports, Deputy Prime Minister Doug Anthony said in Canberra yesterday. Mr. Anthony said in a statement that the unrest, involving brief strikes byReuter - 321 words
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Article92 1978-04-20 2 BINTAT Rent-a-Car recently established a rental station in Kuantan In West Malaysia. The company said this is part of its development and expansion plans in Malaysia and Singapore. The Kuantan service is aimed at serving existing and potential clients with business commitments in the area. As part92 words
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Article58 1978-04-20 2 THE TRADE activities of P.T. IBM Indonesia have been officially transferred to P.T. Usaha Slstlm Informasi Jaya In line with Jovernment regulations, ntara News Agency reported yesterday. The regulations stipulate that from March 31, this year at the latest, foreign companies operating In this country had58 words
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Article38 1978-04-20 2 MR. HAN Hong, senior lecturer of accountancy in the University of Singapore will give a talk on "Recent pronouncement on current cost accounting" to members of the Singapore Association of International Accountants on April 27 at Shangrll-La.38 words
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403 1978-04-20 2 AP, Reuter THE International Sugar Organisation has decided to cut the global free market sugar export quota by 365,725 tonnes, or 3 per cent, to little more than 12.6 million tonnes, effective April 24. The 1978 annual global export quota was set atAP,; Reuter - 403 words
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Article211 1978-04-20 2 DATE TITLE LOCATION ORGANISER COURSES AND TALKS April Industrial Hilton Personnel k 3-20 Relations Organisation Development April New concepts In Hyatt IREE 21 desk-top calculator^ April Middle management SITC BTTC 24- course May 13 April 24 Effective Report Hilton Consulasla Writing April 24- Employee Training Hilton POD May211 words
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Page 2 Advertisements
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Advertisement155 1978-04-20 2 indk. ISMORE THAN THE TAJ MAHAL India offers enormous potential for trade and economic co-operation. A potential arising from its vast domestic market of 650 million population, its ambitious investment programme and industrial capabilities. In terms of gross output, India ranks among the top 10 industrialised nations of the world.155 words
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Page 2 Miscellaneous
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Miscellaneous620 1978-04-20 2 TWO-IN=ONE CROSSWORD CRYPTIC PUZZLE ACROSS 4 It's hard to cut a key (6) 7 Pitiable fellow who's been caught (4, 4) 8 Show abetter to Mr Hill (6) 10 Free many an organ of obstruction (S) 13 Robert of Orange? (4) 14 Render more than unwell (4) 15 Cries of620 words
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OVERSEAS
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738 1978-04-20 3 Reuter. THE GOLD market could remain weak in the short term but resume a steady to upward trend later In the year, bullion bankers In Zurich said. The main factor currently causing uncertainty among bullion investors is the continuing possibility of US Treasury salesReuter. - 738 words
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231 1978-04-20 3 Reuter NORTH KOREA'S overdue foreign debts have doubled to US$73O million (SSI.7 billion) from the 1975 level. Official analysts of North Korean affairs said in Seoul yesterday that this represented more than one-third of North Korea's total outstanding foreign debts of $2 billion ofReuter - 231 words
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Article160 1978-04-20 3 JAPANESE firms and tourism In New York pump nearly eight times more money into New York City's economy than does the Broadway theatre district. The Japan Society said this in New York on Tuesday in an attempt to counter criticisms that Japanese firms in New York160 words
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426 1978-04-20 3 Reuter CHASE Manhattan Corp chairman, David Rockfeller. told the company's annual meeting In New York the bank still expects further moderate recovery in domestic US loan demand. He added domestic loan volume for Chase should grow steadily over the remainder this year. He expects theReuter - 426 words
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161 1978-04-20 3 Reuter. THE INCREASE in US personal income last month was an additional sign economic activity is rebounding from the effects of the cold winter and coal strike. White House Press Secretary Jody Powell said in Washington the increase was "quite heartening" and Srobably meant thereReuter. - 161 words
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313 1978-04-20 3 A US House of Representatives international relations sub-committee received on Tuesday conflicting testimony from major farm organisations and traders on measures that are designed to boost US farmers' prices by boosting exports. Most of the bills, which are also before the Agriculture Committee, include313 words
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WORLD IN BRIEF
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Article524 1978-04-20 3 Agencies. QUEBEC Province's Finance Minister Jacques Parlzeau introduced a $13.3 billion (over Ss27 billion) budget to the National Assembly for fiscal year ending March 31, 1979, compared with last year's $11.5 billion. He told the provincial assembly that a general reduction in personal income tax is expected toAgencies. - 524 words
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764 1978-04-20 3 NYT PRESIDENT Carter s income tax plan suffered another two setbacks on Tuesday in the House Ways and Means Committee. First, the House taxwriters rejected the President's proposal to raise an additional US$2.6 billion (Ss6 billion) a year in revenue by tightening upNYT - 764 words
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Article192 1978-04-20 3 Reuter THE US Export Import Bank (Exim) said It authorised US$333 million (***** million) in direct credits and financial guarantees to help support $681 million In exports. The bank said Brazil will receive a total of $71.62 million in credits to help finance the purchase of subwayReuter - 192 words
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533 1978-04-20 3 Reuter British Chancellor of the Exchequer, Denis Healey, said in London he hopes the forthcoming Mexico meeting of the IMF Interim committee will make progress towards greater currency stability. Mr. Healey said this would be part of the plan for concerted economic actionReuter - 533 words
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Page 3 Advertisements
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Advertisement297 1978-04-20 3 3 new fascinating collections from TIME-LIFE Human 14 volumes that answer all the questions on what makes you and those around you tick, emotionally and mentally. It explains why and how people act and react you'll be surprised at what you can find out about yourself. And others. Each fully297 words
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RAW MATERIALS
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Article465 1978-04-20 4 OPENING quotations here yesterday were about unchanged and the market later fluctuated narrowly in quiet trading with some forward activities in early dealing. Towards the morning close, prices tended to sag as buying Interest evaporated. Turnover was small. The morning session closed easier, with May One465 words
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Article297 1978-04-20 4 Price* in ctnti per kilo yesterday: Noon (per kilo) Cloee (per kilo) Int. i R.8.8. prompt f.o.b. Int. 1>R 8 S May Int. 1 ft .8.8. June Int. 2 R.8.8 UK/cont Int. 3 R.8.8. UK/Cont. Int. 4 R.ftS UK/Cont. Int. 5 R.8.8. UK/Cont. Buyers 202.50 203.00 204.00 199.00297 words
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Article85 1978-04-20 4 NOON MR and SMR prtc« yeaterday: May Ji LIM IAS (CtlJTMtMU) (FtrnHMU) "uSeperk*) 88R20 (1-ton pallet) 194:90 198.90N 198.90 197. JON S8RS0 Ifbvt n (1-ton pallet) 183.10 194.90N 193.90 105,'SofA .UIALO SMR 5 CV (1-ton pallet) 315.90 317.90N 318.00 318 00N SMR 5L (1-ton pallet) 314.90 318.90N85 words
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Article80 1978-04-20 4 C.I.F. North European port*. In US dollara per LONDON: ton unleea otherwise Malay ala 9H ff* bulk per tonne June Sumatra 5* 11 a bulk US June July August September Nlferta 5* ffa bulk itf 810 ilr 648 pd 639 pd 610 pd 803.90/906 800 pd unch unq80 words
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Article28 1978-04-20 4 Rubber: April II Singapore: May 203.00 cents (down 0.2S cent) Malaysia: May 207.75 cents (unchanged) Tin: 91,520 (down $8) Official offering: 238 tonne* (down 28 tonne*)28 words
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Article237 1978-04-20 4 TERMINAL sugar In London yesterday opened £1 to £0.70 per tonne down from Tuesday's 5 p.m. levels and turnover totalled 621 lots. Market sources .said the opening was quiet and slightly easier with dealers awaiting news from the day's Sri Lanka white sugar buying tender where, they said, very237 words
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Article390 1978-04-20 4 THE RETURN of local Interests made for steadier conditions on the Singapore produce market yesterday. Pepper prices continued to rise on the strength of local demand on consumer accounts. All grades of the commodity rose by $2.50 per picul, making a total gain of $7.50 In three days.390 words
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Article335 1978-04-20 4 ROBUSTA futures In London yesterday opened officially slightly easier but £4 down to £10 per tonne up, from Tuesday night. Sales totalled 109 lots. Trading during the call was light with commis-sion-house and local dealer selling absorbed by trade house buying. There was no fresh market influence to affect335 words
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Article395 1978-04-20 4 TERMINAL cocoa In London yesterday recovered from £40 limit down levels at the opening call, mainly on short-covering, finishing with losses from Tuesday night of £30 to £15 per tonne. Near May traded immediately at limit down partly against New York at £1,978 but quickly rallied as sellers Became395 words
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Article195 1978-04-20 4 THE STRAITS tin price in Penang yesterday fell MsB to 51.520 per plcul, on an official offering down 28 tonnes to 238 tonnes. Values fell back following easier conditions on the London Metal Exchange but some local buying was reported at lower levels, dealers said. In LONDON yesterday,195 words
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Article113 1978-04-20 4 LEAD finished the morning In London yesterday with losses of mostly £7.50 per tonne. Prices followed the downturn in copper with continued stale bull liquidation, stop-loss and chart selling taking Three Months down to 1307 in first ring dealings. Modest short-covering halted the decline briefly but renewed liquidation took113 words
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Article187 1978-04-20 4 THE SUOAR market eased 0.10 to 0.15 US cents in dull and featureless trading yesterday. Trader activity was kept on sidelines, with turnover steady at four lots, dealers said. The Hongkong daily spot sugar price eased 0.05 to 7.50 US cents. Sugar future* closing price*: Cloeiag Previews Closing187 words
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Article195 1978-04-20 4 YARN and cotton in Hongkong dollars, spot ex-godown: Causa Vara: China Blue Phoenix 20s 1.780 32s 2.000. 40* 2.200 (per bale of 400 lb*). Piece Goods: China Butterfly and Globe Brand unq, Dragon Head una. Five Lamb* unq. Flower and Butterfly unq. Flying Oeese unq (per piece 36195 words
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Article191 1978-04-20 4 BANGKOK rice prices were quoted as follows yesterday: (In OS dollars per tonne f.0.b.. basis Bangkok) While Rice: 100 pet ltt class 422. 100 pet 2nd eUu 427,100 pet 3rd claw 422. 5 pet 413. 10 pet 400. 15 pet 3«2. 20 pet 387. 23 pet 377 39 pet191 words
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Article112 1978-04-20 4 SOYBEAN futures came back strongly from nearby limit losses and some contracts moved to the plusside In a late active trade In Chicago on Tuesday. At the close, prices ranged two US cents a bushel lower to stt cents higher, with August showing the best tain. Rumours or Braslllan112 words
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Article65 1978-04-20 4 CHICAGO wheat futures recovered most of their early losses In late trading and closed only one to 2% US cents a bushel lower on Tuesday. The announced sales of more U8 wheat to China and exporter buying aided an eariy firm tone in the market. But, after gains of65 words
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Article316 1978-04-20 4 COPPER wire bars finished the morning in London yesterday with losses of C 8.50 for cash and £9 for Three Months. Values were steady at the outset of the pre-market but an easier trend soon developed as liquidation brought out stop-loss selling down to C 708.50 per tonne in316 words
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Article191 1978-04-20 4 SILVER on the London Metal Exchange yesterday registered gains of mostly 1.1 pence. Dealers attributed the movement to covering prompted by the overnight gains at New York and modestly higher gold with the bullion dealers' fix a supporting Influence. Profit-taking later pared gains with Three Months finally trading at191 words
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Article426 1978-04-20 4 THE KILOBAR lh Singapore yesterday opened at §$13,114 and eased to a low of $13,066 before recovering to close at $13,062. In the loco London market, the metal opened at U*****.10/ 40 and closed at U*****.70/ 174.00. The London morning gold fix was U*****.80. up 30 cents on the426 words
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Article111 1978-04-20 4 ZINC declined by £7.25 for cash and £7.75 for Three Months In London yesterday. This metal was subjected to stale bill liquidation, chart and stop-loss selling before short-covering ana profit-taking purchases gave support at the lower levels. Three Months fell to £291 In the first ring but worked back111 words
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MONEY AND EXCHANGE$
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Article500 1978-04-20 4 THE US dollar generally remained steady against the major currencies with trading kept to a minimum on the foreign exchange market yesterday. Opening at 221.80/ 50 against the yen, the dollar stayed at this level throughout the whole morning session until Tokyo's close. London got the dollar down500 words
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Article67 1978-04-20 4 THE PRIME rale of most commercial banks in Singapore now stands at 7 per cent. Oversea-Chinese Banking Corporation is still offering 6*4 per cent to its best customers while United Commercial Bank is maintaining its prime rate at 7'< per cent. The stated prime rate of the67 words
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Article154 1978-04-20 4 Asian rates ASIAN currency deposit Interbank rates as at close on April 19: US Do lli Offor in (Spat) BM 7 days 7 67/8 1 mth 61/2 2 mth* 7 67/8 3 mths 7 5/16 7 3/16 6 mth* 7 5/1 71/2 8 mUu 7 7/S 7 3/4 12 mth*154 words
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Article40 1978-04-20 4 RANGE of prices offered by discount nouses on April It: Overnlfht 2* to 3*** Call deposit 3** Cbrtac B«yia« StlUac 3-Month Treasury bills 3-Month Bank bills 3-Month CD •-Month CD 31/4 31/8 47/S 4 3/4 S 47/8 1/4 91/840 words
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Article141 1978-04-20 4 THE US dollar for overnight delivery closed at 222.00 yen yesterday, unchanged from the opening level and compared with 222.30 at Tuesday's close. No central bank Inter-' ventlon was detected In moderate trading with volume US$4OB million, dealers said. > The US currency fluctuated between 222.35 and 221.75 yen141 words
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Article40 1978-04-20 4 THE Monetary Authority of Singapore Invites banks and discount houses to tender for a total of 8825 million 91-day Treasury bills to be Issued from April 24 to 28. Each tender must not be less than 8250.000.40 words
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Article157 1978-04-20 4 FOREIGN exchange trading was quiet and lacklustre at the opening yesterday, with rates little changed from overnight In the absence of fresh background news. Sterling was a little stronger initially at U551.8455/ 65 but weakened to $1.8441/46 with a slight slackening of pressure on the forwald's reported. Only marginal157 words
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Article126 1978-04-20 4 AFTER a day of quiet, featureless trading on Tuesday, the dollar closed firmer against major currencies. Sterling eased to Its lowest level of the day, closing at U551.8435/45, compared with the opening 1.8476/86, but was above Monday's close of 1.8405/20. The Swiss franc declined to 52.20/35 US cents126 words
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Article119 1978-04-20 4 IN SLUGGISH trading, the US dollar yesterday closed slightly lower against major currencies. The US unit was quoted at 2.0500/10 marks compared with New York's overnight 2.0505/15 close, at 1 8000/i4h Swiss francs against 1.9100/55 and at 221.75/95 yen against 222.35/60 in the US and 222.00 yen close In119 words
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Article356 1978-04-20 4 EUROBOND price* quoted on April 19: Stratfh (j Bid Oflhr Total oil stg 9*84 91 23 92.00 FFI stg 9* 89 89.00 89.79 Courtaulds stg 9*99 88 25 89.00 EIB stg 9%. 92 93.00 93.79 Flsonj stg 10* 89 92 75 93.90 Inco 9 92 98 12 98.82 Inco8*84356 words
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Article163 1978-04-20 4 Euro rates PERIOD Eurodollar deposits opened. loweV yesterday due to the Friday dealing technicality while short dates opened little changed. Overall, trading was quiet, dealers said. Periods were adjusted lower, 87 around 7/16 In One Month to 1/18 in longer dates, with some offers noted in the middle of quoted163 words
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Article70 1978-04-20 4 ZURICH exchanges closing quotes on April 18: US 1 9000 9095 Stg 3.S216 5255 Can 1.6716 6739 D Mk 63.1166 2272 D PI 67.3826 5315 F Ft 41.5144 5741 B Pr 5 9866 6681 D Kr 33 9049 6406 N Kr 35 4285 4685 S Kr 41.5169 5861 Lit70 words
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Article58 1978-04-20 4 AUSTRALIA and New Zealand exchanges on April 10: AUSTRALIA: US dollar 1.141V 1.1366 Sterling 0.6212/ 0.6141 Ninety-day air mall buying rater Sterling 0 6382 U8 dollar 1.1712 Ninety-day forward buying rates. Sterling 0.6226 US doUar 1 1366 NEW ZEALAND: Sterling 0.6634/ 0 5603 US dollar 1.(026/ 1.9126 Ninety-day airmail58 words
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Article41 1978-04-20 4 FRANKFURT exchanges opening quotes on April 19: U8 2.MIMI (1MMI) out 1.7860/66 st« j Tttnu DPI 63.75/16 8 Pr 107.10/30 Ltt i.mrm r rr 44.54/66 M Kr 36 00/10 B Pr (can) 41/44 B Pr (fin) 142/44 Yen 0 9230/4541 words
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Page 4 Advertisements
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Advertisement121 1978-04-20 4 in PAN Paperback HIS LATEST #1 WORLD BESTSELLER •THE PREMIER SPY NOVELIST OF HIS TIME PERHAPS OF ALL TIME TIME I'M- 'iIT i m.i I<■ fopiniMt:*' novt'l I i< j• i». H Vientiane .ir« Mh .imi *»■< .mil i Mtii|).ui\ .ir«■ h.u k I' i- h.ir>i -fi- h< **n ('.irr.121 words
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TRANSPORT
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717 1978-04-20 5 TERESA LIM - ■y TERESA LIM THE FLEETS of emerging maritime nations, in their bid to capture a slice of the highly competitive market, are facing difficulties in securing finance an ironical situation when there is no shortage of funds today. The world, observed Mr. Alexandra Krem,717 words
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475 1978-04-20 5 Reuter, AFP THE OECD working party on shipbuilding are discussing possible re-orga-nisation of the industry, the Japanese world market share and easier export credit terms during their two-day meeting In Paris since Tuesday. Conference sources said the working party will consider ways of bringingReuter,; AFP - 475 words
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Article, Illustration359 1978-04-20 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Agathls (1200 after Vega) 6/7 Alisher Navol (0600) ifi/16 Golden Hilt (0600 26 King Lake (0600 after Tutong) 22 Nedlloyd Musi (1800 after Ocean hauls) 3/4 Ocean Esperance (1100 hauls after Havannax Maru) 1/2 Ocean Prima (1100 after Montana) 31/32 Ocean Supply359 words
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Article141 1978-04-20 5 THE LONDON freight market saw firm demand from the western hemisphere but not from the Far East. In both Europe and North America, tonnage of widely varying sizes reaped better payments for both voyage and time-charter operation. Japanese accounts paid slightly better figures on the US Gulf-Japan141 words
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Article, Illustration79 1978-04-20 5 ORE carrier, CO-OP Marine will be commissioned soon on the JapanAustralia run. The 115,153 dwt vessel was recently delivered to its owner, COOP Marine Co. by Hitachi Zosen's Ariake Shipyard. It has the largest hatch among all the ships built by Hitachi Zosen. A one-panel side-rolling79 words
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718 1978-04-20 5 Washington Star. THE US domestic airline business, propelled in part by a combination of low fares and an early Easter, is carrying a high number of passengers this year but whether this number will translate into high profits Is a matter of opinion. According toWashington Star. - 718 words
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Article413 1978-04-20 5 AP WEST Germany has exBressed support for the nited States and Australia against Britain in the contest for approval of a new airport landing system. The International Civil Aviation Organisation, a United Nations body, has been meeting in Montreal since April 4 to choose aAP - 413 words
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Article574 1978-04-20 5 ARRIVALS Sorviee L—J Operator Number Tim* Fran RBA BI323 1025 BWN SIA SQ209 1045 HLP GIA OA944 1055 PKU GIA GA908 1100 MES PAL PR501 1125 MNL OIA OA982 1200 HLP SIA SQ240 1210 MES TMA TL324 1230 TPE/HKG SAS SK097 1235 CPH/THR/BKK THAI TQ413 1245 BKK574 words
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Article61 1978-04-20 5 AFP. THE Swedish tanker, Octavla, with 30,000 tonnes of oil on board, grounded off Sandhamn, south of Stockholm, in fog on Tuesday. A number of the vessel's tanks were damaged In the impact but according to first reports only about one tonne of the cargo had leaked out.AFP. - 61 words
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Article100 1978-04-20 5 THE International Federation of Airline Pilots' Associations (Ifalpa) has called for a worldwide examination of airport security. Chairman Derry Pearce said at the end of the federation's annual meeting In Frankfurt that the results of such an investigation should not be published, but analysed by the100 words
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Page 5 Advertisements
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Advertisement198 1978-04-20 5 Jardines 1977 Profits S$ 159 Million *****.1 million after tax earnings for 1977, compared with SS 152.6 million in 1976, an increase of 4.2%. Earnings are before extraordinary items, which amounted to a net deduction of SS3 million. Earnings per stock unit up 2.7%, from 550.744 to 550.765. Dividends raised.198 words
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Article527 1978-04-20 6 BY ANY accepted method of calculation Singaporeans are woefully under-Insured. The statistics are freely available to prove this. But statistics are always subject to Interpretation and those who chastise the public, the insurance agents and the Government for the current state of affairs may be527 words
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284 1978-04-20 6 THE WELL-DEFINED line dividing developed countries on the one hand and developing countries on the other Is sometimes facile. The textile Industries of countries forced Into the categories on either side of the line Is a case In point. In the US, the large numbers284 words
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Article, Illustration1827 1978-04-20 6 DONALD F.H. SINCLAIR; DONALD F.H. SINCLAIR - A NUMBER of top Carter aides have expressed their bewilderment in recent months at how far the US stock market has fallen during the Carter administration. Their bewilderment in itself is no less bewildering to others, for America, which pioneered business science studies, can1,827 words
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Page 6 Advertisements
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Advertisement569 1978-04-20 6 Stf Orchard Road, S'pore t. Tel: *****2 Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Pally (except Sunday) open till 2.00 a.m. Coffee Shop Our Quick569 words
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Page 6 Miscellaneous
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Miscellaneous63 1978-04-20 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Isolated showers around mid-day. Report for 24 hours prior to 7.30 p.m. on April 19 at the airport. Maximum Temperature 31.8° C Associated Humidity 69 Minimum Temperature 23.5° C Associated Humidity 97 Hours of Sunshine 6.10 Rainfall in Millimetres 363 words
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Miscellaneous258 1978-04-20 6 SINGAPORE 5 r 3.00 PM Opening followed by Window (Chinese repeat) 3.30 Diary of Events (Chinese) 3.35 Eight Heroes of Shou Lin (Mandarin repeat) 4.20 Intermission 6.00 Opening folfowed by Lassie Dangerous Journey 6.30 News in Brief c 6.35 Warna Warni (Malay repeat) 0 7.05 Candid Camera 7.30 News (Malay)258 words
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1094 1978-04-20 7 L. Oakley Johnson, Director of AsianPacific Affairs for the US Chamber of Commerce, believes that over the next 25 years the Asia-Pacific area "will enjoy the highest aggregate level of economic growth in the world." In an exclusive interview with Thomas Clemens, economic writer for1,094 words
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Article, Illustration296 1978-04-20 7 ABOUT 30 Count Dracula devotees searched a Whitby churchyard in vain last weekend for the suicide's grave in which the mythical vampire Is said to have slept, according to an 1897 novel by British author Bram Stoker. These horror freaks were all members of the London-based296 words
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Article, Illustration1124 1978-04-20 7 HIROMOTO TANAHASHI - By HIROMOTO TANAHASHI ROMOTO TANAHASHI of the Japan Economic Journal JAPANESE stock prices have been unexpectedly stiff since the turn of the year. For instance, the Nikkei-Dow Jones average of the i? 25 pivotals on the First (major) Section of the Tokyo Stock Exchange on AprilCHART: DBS-DAIWA SECURITIES - 1,124 words
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Article1073 1978-04-20 7 JOHN TAN - FOBPM, r ...0D industry »y JOHN TAN SINGAPORE has always been a follower of sorts. Whether by accident or intent, the Republic always seems to be behind; behind the Europeans by about six months in fashion, behind the Japanese about six years in manufacturing and1,073 words
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Page 7 Advertisements
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Advertisement312 1978-04-20 7 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 KING'S HOTEL Havelock Road, Singapore 3 Tel: *****1 HOTEL MIRAMAR 401 Havelock Road, Singapore 3 Tel: *****2. CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 LADYHILL HOTEL 1 Lady hill Road, Singapore 10 Tel: *****1 HOTEL NEGARA IS Claymore Drive,312 words
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Page 7 Miscellaneous
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Miscellaneous42 1978-04-20 7 BliStdW ;#ankl)ic]<EnS ts \'m TCO GGtfefcouS m i\l 11.: we oust Givejsi my f£f\Tv4eeeD FR>eND ft F\Nftl nosva up we Leaves Vor tne iluy^llk "TVARGG USHT FNS B FfeKMtK FRiKV CR<CS Pi PtGC£ OF TOFiST --Mm'y; *Nisi£p»c> or Puumr\eTeD stkfught GOoOKD JJLC^^b42 words
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INTERNATIONAL STOCKS MARKETS
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Article588 1978-04-20 8 [TOKYO Source: DBB-Daiwa WITH investor Interest concentrating on quality stocks, the stock market continued firm yesterday with the Dow Jones average at an all-time high. Export-related Issues such as llght-electrlcal, automobile, and precision machinery Issues surged ahead over a broad front. Some speculative Issues wereSource: DBB-Daiwa - 588 words
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Article384 1978-04-20 8 Source: Sun Hung Kai Sec Ltd. THE market continued Its upward trend yesterday morning as buyers stepped In for blue chips and special situation shares. Trading was moderately active with heavy trade In the hongs. Hutchison touching 4.30 at one point before closing at 4.25, while the rest wereSource: Sun Hung Kai Sec Ltd. - 384 words
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Article307 1978-04-20 8 THE market closed mixed yesterday In moderate trading. Dealers said BHP gained 10 cents to A 56.48 while the Bank of NSW rose four to 5.40. MIM eased two to $1.96, Hamersley lost three to 2.02 while Utah gained five to 3.55. Central Pacific fell 20 to $4.25 and307 words
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Article124 1978-04-20 8 APR 1» Bahts Asia Fibre Bangkok Bank 377 +4 Bangkok Invest. 358 +2 Bangkok Metropolitan Bank Bata Berli Jucker Carpet Intnl 345 unch Charoong Thai Wire 295 +5 Oumex DusltThanl Faber Merlin First Trust Genera Finance Indo-Thal Industrial Finance Corp 2565 -20 J And J Ho 410 -2 Jalap124 words
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Article107 1978-04-20 8 THE market closed mixed yesterday with oil averages posting slight gains while minings declined and commercials remained steady. APR I* Pesos Acoje Mining 0082 unch Atlas Con. A Atlas Con. B. 1370 -0 2 Bagulo Gold 007 -0 0002 Benguet Con.B 21.00 -0 5 BF Goodrich CDCP 14.00 unch107 words
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Article289 1978-04-20 8 APR 1» Rand INDUSTRIALS A Alpha 100 unch Abercom 180 5 AE And CI 240 unch AMIC 860 10 Barlows 350 unch Cg Sugar 615 ♦5 CNA 120B unch Currle Finance 66 unch De Beers Ind 875B unch Edcon 180 unch Edgars 2100 unch Eveready 165 unch Fed Volk289 words
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Article357 1978-04-20 8 W FA R< .v MA RKi-riy t. FRANKFURT leading shares eased up to three marks, with trading marked by a continuing lack of buying interest on TuesHolding and VW were down 1.80 and 1.50 respectively, while BHF-Bank and Degussa each fell five marks. Chemicals lost up to 1.20357 words
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Article198 1978-04-20 8 APR 1* Dm Aef-Telefunken 87.10 -0.3 Akzo 24 50 Allz Leben AUz Vers 475 BASF 137.50B 1— BayHTWbank 283 Bay V bank 313 -1.S Bayer 139 -0.8 BBC 280 -3.2 BMW 214 Cassella Chem Verw 240 -2 Commerzbank 232 -1 Conll Oumml 75.50 -1.2 Daimler-Benz 296.80 Degussa 251 -5198 words
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Article221 1978-04-20 8 apr ie FU ABN 357 00 >1.5 Ahold 108 20 0.2 Akzo 26 20 -0.4 AMEV 82 90 ♦0.9 Amfas 110 30 +0.3 Amrot Bank 76 90 1 Bergoss 56 00 -0 5 Berk 89 00 -2.5 Bols 72 50 0 7 BorsumlJ 149 00 +0.3 Burhmann 68 00221 words
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Article338 1978-04-20 8 THE market closed lower as declines in pipelines, management companies and oil and fas Issues ended a week-long rally. The composite Index was off more than four points and losses outnumbered gains 241 to 190. Transcanada Pipe at 14-1/2. Alberta Oas Trunk 'A' and Westcoast Transmission at 343/4 all338 words
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Article175 1978-04-20 8 APR IS Francs Actions Suisses 266 -1 AlusulsseBr 1210 -15 Alusulsse Reg 550 Brown Bovert Br. 1805 -S CI ha Gelgy Br 1180 >30 CibaGelcyPC MO unch Ciba Getgy Reg 652 -1 Credit Suisse Br 2190 -5 Credit Suisse Reg 426 +2 Elektrowatt Br 1SOOB George Fischer Br 615175 words
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Article93 1978-04-20 8 apr ia Ft» forward market Acec 260 -s Arbed 2150 unch Aslur 820 30 Br&scan 454 4-1 Br u-Lamb 1575 15 Canpac 48# 9 Cock 363 -3 De Beers 152 -j Ebes 2450 50 Electrobel 6280 100 Gb-Inno-Bm 2150 +5 Oev 1370 -10 Hobok 2545 ♦45 Petro 4225 -5093 words
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Article279 1978-04-20 8 APR 18 Frs 4/CORBEILLE Alr-Llquide B 8 N Of rvals Dunone C8F(Thom«onCsf) Cle Krancatse des Petroles Compagnie Financier? Compagnie Generate Credit Foncter De France Huchette (Librairie) Machmes Bull M)chelln(B) Paribus Pechlney Clgme Kuh mann Peugeot-Citroen Philips (NvOem Bezit) PrintempsS A Rhone- Poulence SA Royal Dutch SueaCie Finan De) Thomson-Brandt279 words
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Article1427 1978-04-20 8 April 18 TRADING on the Chicago Board Options Exchange came to 248,412 contracts on Tuesday, compared with Monday's record 348,824 contracts. OPTION APL JLY OCT 8TOCK Alcoa 40 3 33/4 43/4 427/8 Alcoa 45 1/8 11/2 21/4 a 7/8 Alcoa SO UNTRD NOL NOL 427/8 Alcoa 601,427 words
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Article97 1978-04-20 8 APR IN Lire Ante 94 50 -3 Assoc Gen ***** 350 Bustogl 380 ♦4 Centrale 3351 50 Fial 1904 13 Finslder 75 -1.5 Gen Immob 77.75 ♦0 75 IF1 Prl 2061 10 Italcementl ***** 150 I taigas 635 15 Italsider 134 +3 Magnet! MPI 436 15.5 Murellt Ere 25897 words
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1255 1978-04-20 8 NEW YORK STOCKS settled back after two hectic trading sessions, leaving the field to the inevitable profittaking on Tueeday. Volume continued at a heavy but reduced pace. "It's quite a normal, natural response for the market to take a breather after two days of big volume1,255 words
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Article56 1978-04-20 8 FINANCIAL TIMES INDUSTRIALS Tuesday 454.4 H.K. HANG SENG Wednesday 442.86 Monday 448.7 Week Ago 445.40 DOW JONES AVERAGE INDUSTRIALS Tuesday 803.27 SYDNEY INDUSTRIALS Wednesday 410.25 400 30 Week Ago .403.23 Week Ago 770.18 LONDON DOLLAR PREMIUM Tuesday 114* to 115K ALL ORDINAI Wednesday Tuesday UES ...471.07 .470.18 Monday56 words
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Page 8 Advertisements
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Advertisement218 1978-04-20 8 r- M 1 f \\< I 4&v c $105/-POST FREE 310 pages. 30 x 27.5 cm with 253 illustrations including 92 plates in full colour. In the kingdom of flowers, orchids are the undisputed glamour queens. Their elegance of form, vitality, and almost sinister exoticism give them the haunting beauty218 words
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Advertisement68 1978-04-20 8 PUBLISHING A well established New Zealand printing and publishing Co. is interested in representing a similar Singaporean publishing Co. in New Zealand either solely as an agent or to act as an advertising selling agent through our national network. Enquiries should be directed to the Marketing Director, Mr. John Dougan68 words
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INTERNATIONAL COMPANY NEWS
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Article390 1978-04-20 9 NORTH AMERICAN COMPANIES Reuter DU PONT Company, the largest US chemical producer, reported sharply higher profits and sales for the first quarter of the year. Chairman Irving Shapiro told the annual meeting he expects a "reasonably good year" in 1978, with results topping thoseReuter - 390 words
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380 1978-04-20 9 BANKERS Trust New York Corporation earned US$lB.7 million before securities transactions during the first quarter of 1978, an increase of $4.7 million or 34 per cent, from the $14 million earned during the first quarter of last year. (All dollars are In US denomination.)380 words
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Article70 1978-04-20 9 TRANSAMERICA Corp, which reported an Increase in first quarter operating earnings at 72 cents a share from 54 cents, said It expects another year of improved earnings. The company said most of its major subsidiaries contributed to its higher first quarter results. Transamerica said its Occidental Life subsidiary had70 words
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Article96 1978-04-20 9 Reuter EATON Corp and Samuel Moore and Co said they signed a definitive agreement to merge, under which Samuel Moore shareholders will receive US $20 cash per share. On Jan. 31. Samuel Moore had 3.47 million shares outstanding. Eaton previously acquired 549,470 or about 16 per centReuter - 96 words
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336 1978-04-20 9 ASIAN COMPANIES Reuter. MELBOURNE: Mary Kathleen Uranium Ltd (MKU) shareholders will be offered new shares if arrangements can be reached with Its two major shareholders to capitalise loans they provided In 1977, totalling As2o million, MKU chairman Frank Esple told the annual meeting forReuter. - 336 words
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185 1978-04-20 9 Reuter. MELBOURNE: BH South Ltd said a As 7 .79 million net loss (loss $4.57 million) Incurred by its Queensland Phosphate Ltd unit was the main factor behind its $7, million loss (loss $4.56 million) in the December half-year. Submissions have been madeReuter. - 185 words
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349 1978-04-20 9 EUROPEAN COMPANIES BRUSSELS: Solvay, the chemical group which Is Belgium's second largest Industrial concern, has disclosed that Its profits last year were well down on the B.Frs. 4.7 billion ($l5O million) recorded in 1976, and that Its 1976 dividend of B.Frs. 200"Will certainly not be349 words
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213 1978-04-20 9 Reuter. TEXTRON Inc said it agreed to buy from Solvay et Cle 266,934 Allied Chemical Corp common shares at US$4l each. Earlier, Solvay had decided not to sell the shares to Textron. Textron said It cancelled its recently announced pro-> gramme to acquire aReuter. - 213 words
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Article206 1978-04-20 9 Reuter. BOISE Cascade Corp, which reported an Increase In first quarter net Income to US$l.ll a share from 82 cents last year, said It expects a good year In 1978. The company said Its outlook Is based on continued growth In the economy and favourableReuter. - 206 words
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223 1978-04-20 9 Reuter. AMERICAN Cyanamid Co looks forward to a good earnings increase for 1978, chairman James Affleck told the annual meeting. In 1977, Cyanamid earned U552.92 a share. On Monday, it reported 1978 first quarter net rose to 76 cents a share fromReuter. - 223 words
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193 1978-04-20 9 Reuter MELBOURNE: Hamersley Holdings Ltd has attributed a sharp drop In first quarter 1978 net earnings to A 51.71 million from $9.03 million to lower sales revenue, combined with higher unit costs per tonne of Iron ore produced. Ore shipped, including pellets, fell toReuter - 193 words
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Article154 1978-04-20 9 Reuter SYDNEY. CSR Ltd said It reached agreement In principle for the sale of Its three northern New South Wales (NSW) sugar mills to a canegrowers' cooperative, subject to ratification by the growers. The agreement provides for the payment of A 55.5 million toReuter - 154 words
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217 1978-04-20 9 Reuter LONDON: Royal/Dutch Shell Group's subsidiary Shell Chemicals UK Ltd has little prospect of a sales Improvement In the short term, finance director Derek Crofton said in a report published in the company newspaper. This, coupled with a £60 million capital spendingReuter - 217 words
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193 1978-04-20 9 Reuter NORTHWEST Alaska Pipeline Co is reported to have presented a formal request on Monday to the Alaskan legiAature asking the state for US$l.5 billion to flnanct the Alcan natural gas transmission project. However, it is doubtful the legislature will make an actual commitmentReuter - 193 words
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Article78 1978-04-20 9 MANUFACTURERS Hanover Carp said Improved first Juarter earnings resulted rom higher net interest Income and a smaller provision for possible loan -losses, which more than offset a lower contribution to earnings by bank-related subsidiaries. Manufacturers Hanover said net Interest Income rose because the rate earned on domestic78 words
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528 1978-04-20 9 BONDS AND LOANS Reuter. LONDON: Further falls In government bond prices and yet another rise in UK minimum lending rate, coming after the one point rtse to 7.5 per cent announced in last week's budget, could produce a market stable enough for tapReuter. - 528 words
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Article72 1978-04-20 9 Reuter Reuter LONDON: The IC Industries Finance Corp NV US$35 million seven-year Euronotes have been priced at par and will carry a coupon of 9 per cent as Indicated, lead manager Merrill Lynch International said. Reuter FRANKFURT: PK Banken of Stockholm is raising a 100 million markReuter - 72 words
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Page 9 Advertisements
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Advertisement438 1978-04-20 9 from Penguin IN PENGUINS 9 Virginia Woolf died in 1941 and at the time of her death she had won a foremost place in English fiction. Three Guineas and Flush have now been published in Penguins and both will find a wide and passionate audience. Three Guineas magnificently argues the438 words
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DEALS DONE ON THE SES AND KLSE
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Article1536 1978-04-20 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 Time Settlement Contracts are quoted after the world "sett". Big Board deal1,536 words
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Article97 1978-04-20 10 Rep Spore D Mark 7% 1962 (100.000) <102%8 103*8) Rob Spore 6 1/2% 1963 (100.000) (1028 102*8) Rep Spore 7 3/4% 1967 (100.000) (99*8 100*8) 4 3/4% 1/5/79 (250.000) (100.908 101.108) 5 1/4% 15/16/79 250,000) (101.308 101 60S) 4. 3/4% 15/9/66 (250,000) (100.208 100.458) 5 3/4% T F97 words
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Article217 1978-04-20 10 B O T 8 1/2% 1961 (100,000) (IOO'/bB 101*8) B O T 7 8/8% IM4 (100,000) (968 96*8) B O T Flo*tine 1964 (100,000) (99*8 1008) C I toll 8 1/8% 1964 (100,000) (978 97*8) LTCB J 1962 (100,000) (99*8 100*8) LTCB J 1963 (100,000) (99%8 100*8) Credit217 words
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Article80 1978-04-20 10 STRIKING prices of the stock options officially luted on the Block Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown In brackets. C aad C (June $2.20) (I.MB 1.248). lochcape (June 51.90) (0.008 0.118) <S) 0.10. Paa80 words
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Article155 1978-04-20 10 SINGAPORE UNIT TRUST INCOME BONO UNIT (Managers' prion tor April M) (Carraat p rioaa) The Commerce 1.94 2.04 INCOME BONO 1.04 1.10 The Saving Fund 1.14 1.S1 S pore Pro® Fund 0 92 0.t7 MARA BUMIPUTRA FUND (Managers' prieaa tor April M) First Bumlputra 2 S3 2.M Second155 words
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Article2477 1978-04-20 10 Gk's Gr'» Net 1*78 Last Div Div Y'ld P/E Vol Day High Low Company Sale +or- Crr (•000) High Low SECTION ONE INDUSTRIALS 181 132 Acma 168 -4 12.ON 1.8 7.1 9.9 8 170 168 213 123* Alcorn 202xall 10.0 2.2 4.9 14.9 136 112 Allied Choc2,477 words
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Article1704 1978-04-20 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 Ajtnamata (2.U8) XALL. A Item (IMB 1 958) XALL. Alai HaM1,704 words
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Article, Illustration914 1978-04-20 10 SINGAPORE SH ARE pricos continued to move genrally UikroadM itno|th of suatained buyii| although profit-taking in selected counters pared some of the gains on the Singapore stock market yMtCTuAVi Blue chips led the way with gains of up to 14 cents recorded at the height of activity.914 words
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Article636 1978-04-20 10 CONDITIONS remained fairly steady at the Kuala Lumpur stock market yesterday as a fair amount of bullish support continued to buov prices up. Trading was quite active in the morning sessions with a large number of buyers chasing the previous •day's market favourites. This was, however,636 words
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COMPANY NEWS
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Article, Illustration569 1978-04-20 11 ARTHUR NG - •y ARTHUR NG BOUSTEADCO Singapore is seeking some $s'/i million from the market via a proposed rights issue of two-for-seven at $1.25 each. The company, however, did not specify the purpose of the rights In the brief preliminary statement. Company officials were not available569 words
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Article363 1978-04-20 11 Ajinomoto (M) Bhd: AOM to be held at 6* miles, Simpane Salak, South Baharu, Kuala Lumpur, at 9.00 a.m. on April 25. National Iron and Steel Mills Ltd: AOM to be held at DBS Building, 6 Shenton Way, Singapore 1, at 2.30 p.m. on April 27. National Iron363 words
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Article, Illustration1076 1978-04-20 11 MANO SABNANI - •y MANO SABNANI THERE are signs that United Motor Works (Malaysia) has learnt well the hard lessons of the last few years and Is now poised to forge ahead with renewed vigour. The broad-based push for higher sales and wider profit margins began In1,076 words
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Article, Illustration835 1978-04-20 11 PRIVATE Investment Company of Asia (Plca)'s performance for the year ended Dec 31, 1977 picked up considerably as net earnings peaked at an alltime high of US$2.O4 million (554.75 million). This Increase of 57.6 per cent over the 1976 figure Is easily the brightest835 words
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Article722 1978-04-20 11 Current Eh Books Date Total far Total for payment Dau deee payable the year previses y Prima 14%<e) Apr 4 April Apr 20 20%(p) 22%%(c) M. Breweries 8%I Apr 11 Apr 18 Apr 22 8% 23% K.L. Kepong Deb 6 25%<g) Apr 7 Apr 19 Apr 25 10%%722 words
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Page 11 Advertisements
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Advertisement61 1978-04-20 11 Hong Kong based International Company seeks Reputable Company in Singapore as SOLE AQENT 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, Tslmshatsui, Kowloon, Hong Kong giving details and background of your company. Our61 words
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Advertisement91 1978-04-20 11 avouin CROWN (CONTROLS PTY. LTD. AUSTRALIA'S LARGEST MANUFACTURER OF BATTERY-ELECTRIC FORKLIFT TRUCKS AND STACKERS SEEKS SOLE AGENTS TO HANDLE INCREASING SALES VOLUME IN SINGAPORE. CROWN CONTROLS PRESENTLY MAINTAINS A LOCAL REPRESENTATIVE OFFICE WITH COMPANY TRAINED BACK-UP PERSONNEL ESTABLISHED IN SINGAPORE. IT IS ANTICIPATED THAT THE FOLLOWING WILL BE REQUIRED: (I)91 words
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254 1978-04-20 12 UPI, AFP HONGKONG'S re-export trade in 1977 amounted to almost US$2 billion (554.7 billion), an increase of 10.1 pe* cent in value and 2.3 per cent by volume over the previous year. Official figures released by the census and statistics department show last year'sUPI,; AFP - 254 words
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119 1978-04-20 12 MITSUBISHI Electric plans to double Its colour television production In the US to 10,000 sets a month by the end this year. The move will help offset lt3 falling shipments to the US market, due mainly to the yen's sharp appreciation against the dollar,119 words
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Article77 1978-04-20 12 Reuter SAUDI Arabia, which has the world's largest oil reserves, yesterday called for more efforts to find alternative energy and warned that it could not continue supplying oil on demand without considering its own future. .Saudi Arabia's Crown Prince Fahd Ibn Abdul Aziz said his countryReuter - 77 words
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700 1978-04-20 12 JAPAN'S IMPORTS WILL RISE Agencies. KEIDANREN president Toshlwo Doko said in Stockholm, Japan's current account balance of payments surplus could fall sharply In fiscal 1978 to around US$6 billion (Ssl4 billion) after the record $14.13 billion surplus in fiscal 1977. Leaders of Keidanren, the JapaneseAgencies. - 700 words
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431 1978-04-20 12 GOOD entrepreneurial judgement must be backed up by modern management techniques If success Is to be achieved. This Is the opinion of Mr. Ong Pang Boon, Minister for Labour, in a speech at the National Productivity Board's 10th annual certificate presentation dinner in Neptune Theatre431 words
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388 1978-04-20 12 Reuter. BRITAIN'S revenue from oil and gas production will reach £4 billion (SJI7 billion) a year by the mid1980s at 1977 prices against last year's £228 million at 1976 prices. In its 1978 report of the development of Britain's oil and gas resources,Reuter. - 388 words
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Article783 1978-04-20 12 LONDON. Wed. Stock prices firmed on light Investor demand At 3 pm the Financial Tftnes index was up 6.2 points at »».7. Government bonds rose by up to 3/8 point. Official supplies of the Exchequer sterling 8-3/4 per ceot 1983 short "tap" stock exhausted at the outset and783 words
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551 1978-04-20 12 SAUDI Arabian Prince Mohammed Faisal said USArab relations had been marred in the past by a lack of understanding on both sides and urged closer ties to develop the oil wealth of West Asia. In a speech to the USArab Chamber of Commerce551 words
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Article, Illustration252 1978-04-20 12 THE STATE Bank of India, in Its first five months of operations here, has already created an active Interbank market for Indian rupees required by banks In Asia and the South Pacific. This was revealed yesterday by Its chairman, Mr. P.C.D. Namblar, who252 words
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256 1978-04-20 12 LOCAL manufacturers have shown great interest in the recently-introduced Product Development Assistance Scheme. The Scheme is aimed at the development of new products and processes as well as the improvement of existing products and processes. Administered by the EDB with an initial budget256 words
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Article66 1978-04-20 12 UPI THE HONGKONG and Shanghai Bank announced on Wednesday that its wholly-owned subsidiary. Wardley Australia In Sydney, will sell Its 30 per cent shareholding in Mercantile Credits to National Mutual Life Association of Australasia. The announcement said the Asl6 (Ss42 million) sale will give National Mutual LifeUPI - 66 words
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491 1978-04-20 12 THE CARTER Administration is trying to head off pressure by the US industry and union to exclude textiles from the Geneva tariff cutting negotiations. In a bid to claim the fears of the domestic industry, a closed door White House meeting of industry, union,491 words
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393 1978-04-20 12 THE RENEWED Multifibre Agreement should succeed In reducing the growth of textile Imports to West Germany by member countries, but the domestic industry remains under pressure to adjust to worldwide over-production In some sectors. The executive secretary of the Oerman Textile Association, Frledrlch Richter393 words
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Page 12 Advertisements
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Advertisement146 1978-04-20 12 Mathematics and Statistics in Penguins Lady. Luck: Warren Weever If you are interested or hooked on the elements of chance whether as a businessman, economist, gambler or simply a games-player, then you will enjoy and benefit from the many and varied chance-encounters in this book. Statistics in Action: Peter Sprent146 words
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Article4500 1978-04-20 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. r.—niM—- BeuDiteh hi* Mai Mr▼toe ■mni«ii«| with4,500 words
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Page 13 Advertisements
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Advertisement233 1978-04-20 13 FOt MOtC MO FttTQ SAILINGS MAERSK LINE SINGAPORE *****46 PENANG *****1 K.LUMPUR ***** P. KELANG *****0 SHIPPING STRAITS TRANSPORTATION PTE. LTD. a COMPANIA NAVIERA MARASIA, S.A. PUIL CONTAINERSMIP SERVICE TO MO FROM BARCELONA DISCHARGING BARCELONA P XELANG S PORE MONT BUNC MARK Mar 77' Apr 74 NIPPON ICA LOADING S233 words
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Advertisement417 1978-04-20 13 "MALDIVE LINES" no sporc cta popt keiawc fl— I. Port 24/4 LOADING FOR COLOMBO KARACHI BASRAH AND OAMMAM cum amcthtst 22/4 m/« DISCHARGING CARGO FROM KAKINADA/MAORAS AND LOADING FOR MUSCAT BAHREIN BASRAH AND KUWAIT LOADING FOR HODtIDAH (GENERAL CARGO ONLY) Seaoard Shipping I Trading Co IS) Pte Ltd Oriental Stuooine417 words
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Advertisement14 1978-04-20 13 FORTNIGHTLY TO MIDDLE EAST SEA J/gL AND OtT KFttEMTEO CMIMKI MWICf BOOKING TCI *****2214 words
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Page 14 Advertisements
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Advertisement454 1978-04-20 14 SHIPPING Hapag-Lloyd a/4 11/5 13/5 U/5 30,4 »/5 23/5 24/5 30/4 20/5 23/5 24/5 21/5 21/5 29/5 12/5 4/8 (/A 7/8 an WMVM AifNTS ANGLO-FRENCH TRADING Smgapo'* Ku#i» lumpui 03 *****4 03-*****7 Book'ngt 2228'T 2 2291.89 Port K«lang 38"621 3 CFS 3««7§0/7 6 CFS *****66 Trm.mi *****51 P®n®ng ***** 8454 words
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Advertisement729 1978-04-20 14 Q SANKYO LINE AUSTRALIA SERVICE P. Rata* Simttptn Laa*i|f«r WATCANP 21/23 Ayr IN PONT FKH,ADEL,MELSTD KYOTERMMU 21/29 App 31/30 V ADEL, MEL, SYD LMOTKACE S/iKar 7/IMtj ADEL, MEL, SYD IMT BREEZE 14/15 May 12/13 Mty BKS.STD.MCL BANGLADESH SERVICE MAT BBEE2E 21/2$ Apr 21/27 Apr CHITTAGOMG, CM AIM GENERAL AGENTS OCEAN729 words
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Advertisement310 1978-04-20 14 tLAND 40TH FLOO* HONG LEONG BIDG 16 MFFIES QUAY SINGtPORf 1 Custom?. Struct Booimf *****2? Terminal ?*****7 REGULAR RORO SERVIC Go one bettor to tho Middle East PRIORITY BERTHING ft DISCHARGE AT ALL PORTS THMU MOSHIUftC SINGAPORE ikti urfi hi U Dvba kf r—t nm*t irfh «p w ALSO ACCEPTS310 words
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Advertisement1003 1978-04-20 14 Everett Lines/ T 1 It—"BURMESE NATIONAL LINE" BFS S C Agwnt* *> Mokjy*«o TEPS MALAYSIA Kctong T«t (M)-7355 Pwnong Tal *****/ ***** Mexican national Tine FU EAST/MEXICO I CENTML AMERICA LOAOIM FOt ENSEMM, MMZAMLLO. ACAPUICO, ftCAHTU. CONSNTO SAN JOSE A PUN TAKNAS (COSTA RICA) WTX TRMBHIPMf*T AT MDMKOM MNmoiTT/aiM 27/211,003 words
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Advertisement548 1978-04-20 14 H JARDIN I AM \ll Orient Overseas CtudaUteA. Line FUtLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) CHEVALIER PRIH. Ml KCPTUK am. 7W neptunc peak 9M CNmunnzEM HKONS CONTAINER If MEKATOt M OMENTAL CHIEF M Mi acsMts call BrtMflMwo altr Hambtui FUUY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) I NEPTUNE PEAAIK548 words
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Advertisement1075 1978-04-20 15 OCX Overseas Containers Limited UTJUM MAM ■HIM lAV city w ihmiki •uumi i« Mir Mr It M* tmib nmn i m cntuosiip soma fmm m/cwtiknt E M/CtCTHPTt ™R*«aa It Spar* r. Kelanc D'aark Brem. A'werp Havre a Apr II Mr 11 Mm 11 Ma M Mar w "5 a Mr1,075 words
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Advertisement1130 1978-04-20 15 Ben Ocean Ajautaemx ofßen Ijne Blue FUnnel Gen Uns and NSUO Tt n/cNiwn (m two PATticLUS MM 11/11 Mar «/21 Apr 13 M Bilk*o. hnt, H'burf, Ipool L'pmL be nmhor Mr urn Mr n*n usaw*. uj-«, iwl kncruachah 28/ 1 Mar vn "lis*. .•252* UUP id, L«rtrpooi. •envahhocn H/1 J*w*1,130 words
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Advertisement488 1978-04-20 15 JUGOUMUA EAST RIJEKA iemuh satvicc ti mkutk am east meiitemanean pmts S pore P. Kelani Peiung CRIKVEMICA for Koper, Rijeka, Trieste, Venice SariM to Pat Sain i MVATSKA for Derwce, Rijeka, Trieste, Venice 21 Apr 21 Apr 24 Apr IISAT for Koper, Rijeka, rieste, Venice, Beirut, Iskenderun lattalua, Dennce 11488 words
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Advertisement863 1978-04-20 15 Scan Dutch V L£ljl*lA-i X.VL.I/J. IA -L* A .11> ND FROM MED/UK/ 1) CWrf I) N'burf 9 I've* 4) R'dam 5) laH t) M'sailtas P. Kalanf S'fact IVTUMIA MM (MM SaMM MM IMM MM 8/ 4 8/4 HI. MIFT MM MM MM MM MM MM t/l VI HUMIi MM MM863 words
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Advertisement449 1978-04-20 15 GUTHRIE BOUSTEAD Sh" THE BANK LINE LTD Cwnw) FRTM r nu (MtvntiM. Hum <0 mm un a Mn afca tm r>w» n/n m r»M a/a i f k»mi i« an >0 i m nm p. MiMf a/a m vpw LYKES ORIENT LINE i W r&i* i FESCO LINES FESCO STRAITS449 words
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Advertisement850 1978-04-20 16 "K" LINE ■mental kseakno iw CKYUJEK NH IIW HCPTmC CMUL 7* NEPTNNE PUH. M MR 9BMRCMSKQ S'pora P.Maac LHJwb HW| Brmea rim 22 Apr alm 13 15 «h» II May a «»r 21 Apr 21 May 21 May 23 May 24 May 4 May 5 May May B May 29850 words
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Advertisement1037 1978-04-20 16 E-C.-RJAJATUUmC/ROLF SERVICE ■VISICfA lUWI' (URSA a SCI) 18/ IB Mar 11/ a Mar H/B May »/M "»J E. C./GREAT LAKES SERVICE Laa*ag IW. NORFOLK, REV TDM, MBNTREAL. TtIWIL ASRTABBLA, BPTIBIT. CRICABB. Peaaag BUmn P. Kalang S ngapore as SHE!" TV.XSS !!!S Wfi cAUFonu/TAeiFie nan vest service Laadin ftr: US JUUEIES.1,037 words
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Advertisement1092 1978-04-20 16 NEPTUNE ORIENT UNES LTD 'FULLY CONTAINERISED SERVICES: MENTAL lESUKH 22 Apr 2) Apr II R* IS Hay CHEVALIER PAUL 21 Apr 21 Apr II Hi, 21 1«T NEPTUNE CORAL I** ft, 21 Ha, ■EFTIHE PEARL 17 M Ha| 4Jnm ItaM CHEVALIER RUE 24 1* 25 H* 11 Jm 15 taw1,092 words
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Advertisement714 1978-04-20 16 MALAYSIAN INTRANATIONAL SHIPPING CORPORATION BCPHAD til u atm. EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA WIT MM FwMr Kttaaf VitMl SNX 1) Maaillat a M«a X MM| 4) Stan T4YAMA H/4 VI I 11/ W PMMEStA a/ 4 UMICM 1/1 IV I B/l Ml FRAMESCA I JVTUMIA 11/S HZ 4 W714 words
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Advertisement690 1978-04-20 16 INTRASEA (PTE) LTD M.V. LM VW»Y M.V. BfIVAL (CSHTt. SaiP) mar sai/nu. contaji S'pore P. Ketonf Pvmt i Apr a Apr It IW Mr MtolM Mill ihtbasea (ptei ÜB.-i tii nimM ft rauii lMfe| Ftp Awerp/R'daiß/H'buri. M'seiOcs/S'ton/rdw/ H'buri/G'burj. B Kansai Line STRAITS/AUSTRALIA SERVICE Singapore P. Kelanf 1 May 27 A*690 words
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