The Business Times, 22 April 1978
1978-04-22
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The Business Times
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Title Section11 1978-04-22 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, APRIL 22, 1978 50 CENTS11 words
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BIEFLY...
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Article74 1978-04-22 1 THE US dollar fell against all major European currencies yesterday as euphoria waned over the US Treasury's decision to support the American currency by selling gold. The price of gold rose by US$2 (5J4.6) an ounce as the dollar fell. The dollar fell to 2.0680 marks from 2.075074 words
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Article53 1978-04-22 1 AP TOKYO, Fri. Employees of two Japanese airlines staged a walk-out today to seek higher wages, disrupting domestic and international flights. The walkout forced Japan Air Lines to cancel 75 per cent of its scheduled international and domestic flights. The other airline affected by the walkout was ToaAP - 53 words
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Article76 1978-04-22 1 AP TURIN, Fri. Fiat has found a "stupid but industrious" worker to weld and paint the bodies of its cars. The search cost millions of dollars, which the company plans to recover by saving on wages and by selling the worker's "relatives" to American and other European firms.AP - 76 words
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Article69 1978-04-22 1 UPI PARIS. Fri. The Soviet Union hopes this year to extract 254 million tonnes of oil in Siberia against last year's 218.3 million tonnes, and has targeted for 315 million tonnes in 1980. By 1980 national output should be around 640 million tonnes a year. This year, someUPI - 69 words
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Article60 1978-04-22 1 Reuter WASHINGTON, Fri. US Agriculture vrretary. Bob Bergland. said he would like to •sit China in July to explore the possibility of increase trade with that country. He said the recent wheat purchases by China created a great deal of interest, and the Carter administration would devote aReuter - 60 words
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Article52 1978-04-22 1 AP WOLFSBURG, Fri. Workers at six West German Volkswagen plants voted for strike action today to press demands for an 8 per cent pay hike. No strike date was set. Employees rejected a management offer of 5 per cent. A strike would be the first in Volkswagen's 40-yearAP - 52 words
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Article90 1978-04-22 1 UPI MOSCOW, Fri. Soviet nightfighter Jets intercepts a South Korean Jetliner which strayed over a strategic air defence zone Just below the Arctic Circle and forced it down to a crashlanding on a frozen lake. Soviet authorities confirmed today. At least two persons were reported killed and twoUPI - 90 words
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Article95 1978-04-22 1 UPI NEW YORK. Fri. Profit-takers drove stocks lower early today in active but less-than-record trading following a rise in the nation's money supply and the dollar's mixed performance abroad. The Dow Jones industrial average, which rose 6.50 points yesterday to a three month high, was off 2.07 pointsUPI - 95 words
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Chief Price Changes
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Article123 1978-04-22 1 Rises Most octive Kempas 392 +57H COL 454.000 Cons Plant 166 13'/, Sime Darbv 307.000 Kings 222 12 API 304.000 API 187 11 SPPL 215 000 Hong Leong High A Low Tasek Cement 306 282 282 +6 +6 +6 Total Turnover: 7.18 m Total Value: S13.54 m123 words
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Article, Illustration158 1978-04-22 1 Rises Most active Castlefield MBS. Consol Pit Slme Darby MF Mills Kramat API Kempas MRIce KSidlm Utd Pit 10.20 2.80 1.69 2.35 1.80 6.65 1.89 3.40 1.58 1.63 2.50 .30 .27 .23 .21 .20 .15 .12 .10 .08 .05 05 Cons Plant 601 000 S Darfcv 517.000158 words
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Article917 1978-04-22 1 TOKYO'S THREE-POINT PLAN Reuter JAPAN announced yesterday that it has adopted a three-point economic plan to help reduce the country's trade and current account surplus. The measures are: more aid to developing countries, increased imports by lowering import and retail prices and the expansion ofReuter - 917 words
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Article220 1978-04-22 1 TRADE between Singapore and Denmark may Increase substantially this year If a mission which leaves for Denmark today succeeds in establishing valuable contacts. The mission, comprising members from local shipyards, will be in Denmark for a week at the invitation of the Danish government to promote trade220 words
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635 1978-04-22 1 CHAN BONG SOO - Br CHAN BONG SOO THE Federation of Asean Shippers' Council (FASC) is likely to come to grips with the many problems relating to the formation of a shipping conference at its second annual meeting to be held in Manila some time next635 words
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Article127 1978-04-22 1 AP BRITAIN and Malaysia will meet again soon to review their air services agreement and the Malaysian ban on Concorde flights over Malaysian airspace, officials in Kuala Lumpur said. The Malaysian Communications Minister Tan Sri V. Manlckavasagam, said yesterday no date has been set for the talks andAP - 127 words
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229 1978-04-22 1 UPI JAPANESE Prime Minister, Takeo Fukuda, will leave on April 30 for summit talks with Preside nt Carter in Washington, the Japanese government announced yesterday. Mr.' Fukuda's talks with Mr. Carter, described as Japan's intention to maintain a "ceaseless dialogue" with the United States,UPI - 229 words
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Article, Illustration355 1978-04-22 1 SOH TIANG KENG - By SOH TIANG KENG UNION Bank of Switzerland, one of the Big Three in Swiss banking, will mount an expansion drive In Singapore soon. The bank's executive vice-president, Mr. Ouido Hanselmann, said last night that ÜBS will either open an offshore355 words
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Article85 1978-04-22 1 THE United States. the European Economic Community and Japan will meet in Washington on Tuesday for talks oh the problems of the steel industry, Japanese Ministry for International Trade and Industry (Miti) officials said in Tokyo yesterday. Taking part will be President Carter's special trade representative, Robert Strauss,85 words
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Page 1 Advertisements
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Advertisement19 1978-04-22 1 J 5" high 2Va" wide lOoz. wt. works 24 hours a day and never grumbles Agar* DON RAT. m532#38/53T0319 words
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Advertisement86 1978-04-22 1 Trust Sony for your video Withcustomar y v,s| on A foresight Sony pioneered video equipment. Today, Sony is one of the world's foremost manufacturers of integrated video equipment.Research and experiments are continuously carried out to bring you the most advanced and sophisticated video components. DXCI2OOP (Colour video camera) Ideal tor86 words
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Advertisement76 1978-04-22 1 HOW to foster productivity 2 BEHN clinches multi-million deal 2 PEOPLE in business 2 OCL out to rule the waves g How secure is Singapore's spice trade g LETTER to the Editor 6 HOBSON's choice for the brokers j OUB is forfina ahead 11 JACK-Chia Mining sells tin mine U76 words
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Advertisement228 1978-04-22 1 Everett Lines FOt THI MOST FtfQUENT SAILINGS TO BANGKOK HONGKONG •JAPAN PUSAN. Everett Steamship Corpn. S/A Information for busy executives AtmS® §vi SKS Ah <*• |HG es markets; ASEAN textiles; sew Filipino and Malaysian attitudes to rural development The latest issue of the ASEAN Business Quarterly contains, inter alia, a228 words
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TRADE AND INDUSTRY
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Article, Illustration218 1978-04-22 2 ASIA is an Important growing market for Oerman food and beverages mainly because of growing population and rapid rise In living standards. Of the Asian countries, Singapore is particularly important, said Mr. Michael Lehmann. managing director of the Tokyo office of the West German Agricultural Marketing218 words
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977 1978-04-22 2 RONNIE LIM - The way to higher productivity Ong By RONNIE LIM THE recent trend towards Job hopping and other related problems are, to a certain extent, symptoms of a dissatisfied workforce. It also shows clearly that there is room for improvement by both employers and employees. Mr. Ong Pang Boon, the Minister977 words
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Article327 1978-04-22 2 A $35 million expansion programme will soon start at Goodyear Malaysia Berhad's tyre and related rubber products factory at Shah Alam, Selangor. The company's co-chair-man. Tunku Dato Shahriman, told the company's annual general meeting that about M 523.6 million will be spent on additional buildings327 words
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Article408 1978-04-22 2 THE Government Is planning to merge the Industrial Training Board and the Adult Education Board to ensure uniformity of standards and more effective use of resources, said Dr. Ahmad Mattar, acting Minister for Social Affairs as well as minister In charge of the two boards.408 words
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Article, Illustration100 1978-04-22 2 SINOAPORE Reinsurance Corp Is sending Its executive, Mr*. Maria Chia, for training in London and Europe. The aim is to .gain first-hand experience in insurance and reinsurance practice abroad. Mr. Teo Lam Am has joined the WorthlngtonTurbodyne International Sales Company and "will represent Its compressors and steam100 words
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Article259 1978-04-22 2 CARGO handled at the Port of Singapore wharves and Jurong Port dropped by 10.8 per cent to 1.7 million tonnes In February. According to the latest issue of Maritime Trade, a monthly PSA publication, general cargo handled fell 13.4 per cent from 1.08 million tonnes in January259 words
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Article, Illustration204 1978-04-22 2 THE BIGGEST industrial crane contract in South-East Asia has just been secured by the Behn Meyer Group. The $4 million contract involves the manufacture and installation of nine highly specialised Munck Duobox heavy duty cranes by Behn Meyer in conjunction with Munck International of Norway. These204 words
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Article285 1978-04-22 2 DATE TITLE VENUE ORGANISER COURSE AND TALKS April 24May 13 Middle Management Course SITC SITC April 24 April 24 Effective Report Writing Employee Training Hilton Hilton Consulasia POD April 27 April 27, 28 and 29 April 30May 2 Export Financing Personnel Management Workshop Shangri-La Hilton IBF Consulasia Corporate285 words
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Article81 1978-04-22 2 THE AUSTRALIAN division of the Institute of Chartered Secretaries and Administrators will hold Its fourth national convention in Melbourne from April 30 to May 2, 1978. The theme of the convention Is "Corporate Survival In the 1980s Other topics Include: liquidity management, capital Investment decision, human resources81 words
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Page 2 Advertisements
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Advertisement238 1978-04-22 2 Mathematics and Statistics in Penguins Statistics in Action: Peter Sprent This book is intended to interest the general reader who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to statistics238 words
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Advertisement69 1978-04-22 2 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 1 to the Marketing Director, Mr. John69 words
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Page 2 Miscellaneous
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Miscellaneous608 1978-04-22 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE I Step on it. Doris! (5) K Land of lacquer (5) 9 Kept in suspense a? a wouldbe buyer? (5. 2) 111 Shaky film? (5) 11 Where to get cross between meals (5) 12 Begrimes with oil and more (5) 13 Mona did wrong. Lil (7)608 words
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OVERSEAS
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564 1978-04-22 3 AFP EUROPEAN Economic and monetary union was essential to a Common Market enlarged to take in Portugal, Greece and Spain, according to a major community document released on Thursday. Known In Community jargon as the "Fresco" on enlargement, it was summarised at a pressAFP - 564 words
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Article595 1978-04-22 3 Reuter THK FLOW of funds out of sterling wilJ help cut money supply growth and therefore the amount of Mock which the Bank of Kngland needs to sell will be less than indicated in Chancellor Denis Healey's budget speech. This is the view ofReuter - 595 words
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Article207 1978-04-22 3 Reuter THE WEST German government over the next few months is likely to consider making further grants to the poorer developing countries on a nonrepayable basis. The government has just agreed to give the Sudan 80 million marks (5590.4 million) of financial aid thisReuter - 207 words
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Article93 1978-04-22 3 Reuter CREATION of a proposed free trade international banking zone in New York would add at least US$lOO million (Ss23o million) to private payrolls in the city within three years, said Citicorp vice-chairman G.A. Costanzo. He told the Italy-Ame-rica Chamber of Commerce that such facilities "wouldReuter - 93 words
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345 1978-04-22 3 Reuter US FEDERAL Reserve Board governor, Henry Wallich. said the board needs to concentrate on money supply targets under current economic conditions. A policy-focusing on the money supply must be constrained by concern about interest rates, but "the use of moneyReuter - 345 words
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Article85 1978-04-22 3 AP A NEW Zealand-East German trade agreement was signed in Wellington yesterday by Mr. Brian Talboys. Overseas Trade Minister, and Mr. G. Lindner. East German Ambassador to New Zealand and Australia. The agreement provides for periodic trade consultations through a joint commission. It also confirms interest ofAP - 85 words
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WORLD IN BRIEF
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Article617 1978-04-22 3 Agencies. DEVELOPING countries will need an estimated 15-16 million tonnes of cereals yearly in aid by 1985, the United Nations Food and Agriculture Organisation (FAO) said on Thursday. The forecast is based on trends in population growth, production and demand for cereals and assessment of food needsAgencies. - 617 words
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Article773 1978-04-22 3 CARTER'S TAX CUTS CRUCIAL Agencies THE US will be threatened with a serious pause in Its economic recovery, perhaps even a recession next year, if Congress fails to approve President Carter's proposals for a US$25 billion tax cut (I.e. 5557.5 billion), White House spokesman Jody PowellAgencies - 773 words
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Page 3 Advertisements
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Advertisement122 1978-04-22 3 I Linguaphone expertise and STP Distributors marketing know-how. Linguaphone, workJ renowned for its achievements in the language learning field, y teams up with STP Distributors in Singapore, Malaysia and Brunei to bring you Linguaphone language courses. To date Linguaphone has successfully taught over 4,000,000 people a new language. And there122 words
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RAW MATERIALS
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Article615 1978-04-22 4 OPENING quotations here were marked up 1.75 cents yesterday following firmer London advices and the market later fluctuated around the 206.00-cent level. Some weekend covering and forward buying were noted but profit-taking came in to check the rise, dealers said. Trading was fairly brisk. Prices finished615 words
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Article306 1978-04-22 4 Prices In cents per kilo yesterday Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.8. prompt f.o.b. Int. 1 R S S May 204.75 205.75N 204.25 205.2SN 205 50 206.00 206.00 206.50 Int. 1 R.S.S. June 206 50 207.00 206.00 206.S0 Int. 2R.S.S. 200.50306 words
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Article93 1978-04-22 4 NOON SSR and prices yesterday: May Jmm HAS (Com ■t Mth) > ScUan rd Mth) Mbn (eaata P" k«> (cent* pot h«) SSR 20 (1 -ton pallet) 197.00 199 00N 198.00 200.00N SSR 50 (1-ton pallet) 195.00 197.00N 1M.OO 198 00N MRELB SMR5CV (1-ton pallet) 218.00 220.00N93 words
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Article82 1978-04-22 4 C.I.F. North European porta, in US dollar* per ton unfc ms otherwise LONDON: Thursday Piwimw Malaysia 5% f fa bulk per tonne June Sumatra 5% ffa bulk r June July August September Nigeria 5% ffa bulk stg SOS sir 600 sir unch #90 sir 635 sir 837.50 sir82 words
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Article29 1978-04-22 4 Rubber: April 21 Singapore: May 205.00 cents (up 0.50 cent) Malaysia: May 210.00 cents (unchanged) Tin: $1,52 C (down $4) Official offering: 225 tonnes (up 38 tonnes)29 words
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Article337 1978-04-22 4 PEPPER prices continued to move ahead on the strength of Inquiries from West European countries while all the other commodities held unchanged on the Singapore produce market yesterday. The top grade Munto AST A white, was quoted at $392.50 per plcul f.o.b. while the top black grade, Lampong337 words
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Article361 1978-04-22 4 ROBUSTA futures In London yesterday opened £25 per tonne down to unchange from Thursday night. Turnover was 291 lots and the market tone was barely steady. The main price movement was In distant untraded Months while in near positions July lost £17 at £1,395 after trading at a low361 words
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Article192 1978-04-22 4 SUGAR futures closed £1.10 to €2 per tonne higher and turnover totalled 2,974 lots including 14 options on Thursday. The London dally raws and whites price were both unchanged at £99 and £104.50. Market, sources said values eased back from the highs during late-after-noon dealings under local selling, profit-taking192 words
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Article106 1978-04-22 4 BANGKOK rice prices were quoted as follows yesterday: (Price* In U8 dollars per tonne f.0.b., basis Bangkok): Wili« Rice: 100 pet Ist class 442. 100 pet 2nd class 427,100 pet 3rd class 422, 5 pet 413,10 pet 400. IS pet 392,20 pet 387. 25 pet 377. 35 pet una.106 words
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Article284 1978-04-22 4 THE STRAITS tin price in Penang yesterday dropped Ms 4 per plcul to $1,526, *26 above the International Tin Agreement Celling The small fall was In reaction to Thursday's uprise and increased volume of the concentrates of tin supplies, dealers said. But some active US buying was noted284 words
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Article80 1978-04-22 4 LEAD on the morning gained mostly £4.75 per tonne In London yesterday. The rally in copper aided values on the pre-market although there was also covering against physical sales to USSR In the region of 5,000 tonnes, dealers said, with inquiry still circulating for a similar amount. Three Months80 words
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Article165 1978-04-22 4 JOBBER profit-taking helped terminal cocoa fall back from early highs in late trading to close £20 up from Wednesday to £13 lower on Thursday. Turnover totalled 3,892 lots Including 832 lots crossed and 13 options. Market sources said the decline followed the market's apparent failure in the morning to165 words
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Article121 1978-04-22 4 CHICAGO soybean futures lost 26 to 15 US cerits a bushel, with old crop Months showing the greatest weakness, on Thursday. Prices fell under the weight of speculative liquidation on evenlng-up ahead of the USOA grain stocks report and the Influence or a stronger dollar and weakness In precious121 words
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Article63 1978-04-22 4 WHEAT futures closed four to two US cents a bushel lower In Chicago on Thursday. Prices fell five to eight cents In early trading as commercial offerings and liquidation ahead of the USDA grain stocks report weakened the market at the opening and prices declined Into commission-house sellstops. After63 words
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271 1978-04-22 4 A STEADIER note has crept Into trading, reflected in a gradual upward movement of some four cents and more, In conditions more active than of late. In the week ended April SO. The strong recovery of the U8 dollar, affecting as It did overseas markets,271 words
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Article331 1978-04-22 4 COPPER wlrebars finished the morning showing allround gains of £5.50 per tonne in London yesterday. The early pre-market advanced on covering prompted by expectations of a sizeable fall In warehouse stocks this week. Dealers reported that shipments were going to the US as well as Europe, with producers taking331 words
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Article214 1978-04-22 4 SILVER on the London Metal Exchange finished with losses of 5.2 to 4.8 pence per troy ounce on Thursday. The market during the afternoon continued to fluctuate around the lower levels with Three Months trading from 277.0 pence in the ring at the outset up to 278.2 pence on214 words
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Article447 1978-04-22 4 THE KILOBAR In Singapore yesterday opened at 5512,950 and closed at $12,965. In the loco London market, the metal opened at U*****.40/80 and closed at U*****.60/171.00. The London morning gold fix was US$l7l.OO, $1.45 higher than the previous fix. Source: Singmas Retail prices per tael quoted by the Singapore447 words
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Article65 1978-04-22 4 ZINC on the morning rose by mostly £3.50 In London yesterday. This metat found short covering arid some fresh buying support following the advance In copper with Three Months trading up to £304 on the early premarket. But values were subsequently shaded by profittaking and hedge selling. Sales of65 words
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MONEY AND EXCHANGE$
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Article426 1978-04-22 4 AS SPECULATIVE buying got the American unit up against most of the other malor currencies, the US dollar firmed yesterday In the foreign exchange market. Opening at 225.45/55 against the yen, the dollar almost touched the 226 level before dropping back to 224.90/00 during London trading as a426 words
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Article67 1978-04-22 4 THE PRIME rate of most commercial banks in Singapore now standi at 7 per cent. Overoea-Chineae Banking Corporation is still offering per cent to its beat customers while United Commercial Bank is maintaining its prime rate at 7 1 per cent. The stated prime rate of the67 words
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Article157 1978-04-22 4 Asian rates ASIAN currency deposit interbank rates as at close on April 21: U8 Dollar* (Spot) Offer Bid 7 days .71/8 7 1 mth 75/16 7 3/16 2 mthi 77/16 7 5/16 3 mth* 79/16 7 7/16 6 mthi 77/6 3/4 9 mthi 6 77/6 12 mthi 61/16 715/16 Sw.157 words
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Article166 1978-04-22 4 Euro rates LONDON Eurodollar deposit rates opened higher yesterday following the rise In the weekly US money supply figures. Early trading was fairly active but quietened around late morning, dealers said. Periods were around 1/16 higher than Thursday's firm levels that followed Indications of tighter U8 monetary policy, with a166 words
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Article59 1978-04-22 4 ZURICH exchanges closing quotes on April 20: US I.MSS-MM 8K j.ssis-ara I can i.i lstria D Mk S4.7OSS MIS D FL SS.Mf7-SS.I4M T Fr 42 1796-3301 Bmaw: lOM DKT 34 7155-7749 N KI 36 2073-3448 S Kr 42 4443-3073 Lit 0 2267-2272 Aim Kh 13 1317-IMI Part 4 0730-OMS59 words
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Article58 1978-04-22 4 AUSTRALIA and New Zealand exchanges on April 21: AUSTRALIA: US dollar 1 134*/1 1300 Sterling 0 *212/0 *137 Ninety-day air mall buying rataa: Sterling 0 *38* US doUar 1.1*4* Ninety-day forward buying rata*: Sterling 0 *240 US dollar 1.131* Nrw ZEALAND sterling 0 5544/0 5513 US doUar I.ol*l/I.*o*l Ninety-day58 words
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Article280 1978-04-22 4 AS OPERATORS began to take profits after Thursday's sharp rise, the dollar yesterday weakened In fairly active early trading. Dealers said there Is a feeling in the market that the planned monthly US gold sales, although a demonstration of the Administration's willingness to take action, are not going to280 words
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Article301 1978-04-22 4 DESPITE some late profittaking, the dollar closed firmer against major currencies on Thursday. The currency strengthened In the morning as a result of the Treasury's gold auction announcement, and continued Its firmer trend for most of the day, dealers said. Trading became very thin late In the session,301 words
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Article141 1978-04-22 4 THE US dollar for overnight delivery yesterday closed at. 225.00 yen, down from its 226.00 opening and compared with 224.40 at Thursday's close. Trading was moderate, with volume US$46 million. The US Treasury Department's announced gold auction plans, the US Federal Reserve Board's credit squeeze policy and the announced141 words
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Article48 1978-04-22 4 RESULTB of tender held yesterday (or 91-day Treasury Bills to be Issued from April 24 to April 28: OOhN* *25.000.000 AmIM tar: 175.500.000 ASKS: *25.000 000 Mi: tM 20 approximately 10*; higher Mda in full Average rait af Smmbl m allM mam*: 3 185S pa48 words
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Article368 1978-04-22 4 EUROBOND prices quoted on April Straights BM Offsr Total oil stf 9*84 92 25 FTI stf 9*4 87 88.75 Courtaulds stf 9*. 89 88.75 EIB stf 9\ 92 93 50 Flsons stf 10*87 92.50 Inco9 92 98 12 Inco 8* 84 97.87 Sparbankernas 8* 88 98 00 Shell 8368 words
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Page 4 Advertisements
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Advertisement221 1978-04-22 4 s~ V s 4. V «*Jr V I Br $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 the221 words
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TRANSPORT
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Article, Illustration614 1978-04-22 5 TERESA LIM - By TERESA LIM OVERSEAS Container Limited's (OCL) Mairangl nay. which will enter the Europe/Australia service this month, places OCL firmly in the big league of top container ship operators. In fact, talks had it that OCL had overtaken SeaLand to become the614 words
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Article, Illustration443 1978-04-22 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Maerican Chieftain (after Nedlloyd Elbe) 3/4 Fuso Maru (JBXT) (2330 after Hoegh Pilot) 46 Gerbera (Car carrier) (1600) 44 Guiseppe Di Vittorio (after Ocean Prima) 31/32 Jade Bay (2330 after Agathis) 6/7 King Tower (0600) 22 Leda Maersk (after Bunga Seroja) 33/34443 words
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Article703 1978-04-22 5 FOLLOWING a remarkable breakthrough Into the lucrative US market, the makers of tha European Airbus are poised for a David and Goliath struggle with the American aircraft giants. The European Airbus consortium, which concists of the French, West German. British, Dutch and Spanish aircraft703 words
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Article378 1978-04-22 5 Reuter AFP BRITISH Aerospace said it questions British Airways' projection that the Boeing 737 airliners it plans to buy would be operationally more profitable than British Aerospace BAC 1-11 Jets. Industry sources said a key factor in British Airways' decision to buy Boeing 737's rather than theReuter; AFP - 378 words
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Article273 1978-04-22 5 AP MARITIME nations on Thursday agreed to new rules for ships entering the English Channel, rerouting oil tankers away from the French coast. The new ruling, agreed upon by the United Nations Inter-governmental Marltime Consultative Organisation, was Included in a scheme offered for consideration byAP - 273 words
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Article131 1978-04-22 5 AP A LEADING Portuguese shipyard has begun a survey in Macao to study the possibility of building a US$5O million (Sslls billion) jshlpyard In the Portuguese jcolony, a spokesman said. Llsnave, based In Lisbon and one of the largest shipbuilders in Europe, plans to build the shipyardAP - 131 words
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155 1978-04-22 5 Reuter PAN American World Airway*, for the first time since 1968, reported a profit for the month of March. At the tame time, the company had a reduced lots for the 1978 first quarter compared with the 1977 period. PanAm, which earlier in theReuter - 155 words
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215 1978-04-22 5 Reuter BALTIC exchange brokers report a steady rise in time charter rates, particularly for bulk carriers, and expect this to continue for the next few weeks. They attribute thfe rise to demand from North and South American gr&ln sectors, which has been strengthened byReuter - 215 words
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350 1978-04-22 5 US Congressman Paul McCloskey Jr. (Republican California) said on Thursday that America's maritime affairs should be the responsibility of a Cabi-net-level official for greater protection against foreign competition. Representative McCloskey said the bill he proposed on Tuesday to abolish the Federal Maritime Commission350 words
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Article585 1978-04-22 5 ARRIVALS Service Local Operator Number Time From KLM KL835 1230 AMS/VIE/ KHI/BKK SN SN271 1235 BRU/DXB/ BOM/KUL SIA SQ201 1245 HLP THAI TG413 1245 BKK SIA SQ455 1340 BWN SIA SQ6I1 1340 BKK GIA GA900 1400 HLP CPA CX703 1415 HKG/BKK GIA GA984 1500 HLP SIA SQ645585 words
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Page 5 Advertisements
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Advertisement64 1978-04-22 5 <£ 77 in PAN Paperback LECAttE THE HONOURABLE SCHOOL: HIS LATEST WORLD BESTSELLER 'THE PREMIER SPY NOVELIST OF HIS TIME PERHAPS OF ALL TIME M > J ''Mi. I• H•* V f\' >UJ '♦•fit |;uit n J «It ITC I'S W KKKI/ r>' tT T Now (in .sale at all64 words
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Article427 1978-04-22 6 THE Japanese government has come up with a generally admirable package of measures, all aimed at cutting down Japan's enormous balance of payments surplus. This comes Just at a time when confidence In the Japanese government's verbal assurance has been at ft low ebb. But427 words
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Article289 1978-04-22 6 JOB HOPPING, a scourge of employers everywhere, is not something which the average Singapore worker likes to Indulge in whimsically. As the Government quite rightly realises,'he will not pull out from one company to the next Just for a few dollars more. This may be the289 words
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Article, Illustration1984 1978-04-22 6 CHAN BONG SOO - "r CHAN BONG SOO SPICES ARE big business In Singapore. Olve or take a little we are "spicing up" the world to the taste of $220 million a year. This Is the lion's share of the global market.1,984 words
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Page 6 Advertisements
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Advertisement458 1978-04-22 6 dine... m mat iUIi Lit 7 ■/*<&/ smoapura FORUM U HOTEL MS Orchard Road, B'pore 9. 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 Bar458 words
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Advertisement120 1978-04-22 6 HU SWGAPORE HLTON 581 Orchard Road, S'pore 9. Tel: *****3 Hilton Present* The Australian Collection 1978 (April 21-23) A fashion presentation of Australian Designer's Collections by Stafford Elllnson, Hall Ludlow, Bernhard Hammerman, Carla Zampattl, Ooet Poespo, Tony Bonnlcl, George Gross and Mel Clifford Australia's foremost couturier. YKK Zippers in the120 words
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Page 6 Miscellaneous
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Miscellaneous64 1978-04-22 6 WEATHER outlook for Singapore from a. m. to noon today: Isolated, showers in late morning. Report for 24 hours prior to 7.30 p.m. on April 21 at the airport. Maximum Temperature 33.0° C Associated Humidity 61 Minimum Temperature 23.1° C Associated Humidity 99 Hours of Sunshine 6.70 > Rainfall in64 words
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Miscellaneous337 1978-04-22 6 SINGAPORE 5 1.00 PM Opening announcements followed by Sesame Street 0 2.00 Saturday Matinee Tanganyika 19 Starring: Van Heflin, Ruth Roman, Howard Duff, Jeff Morrow 3.25 Police Surgeon At The Stroke Of Death 0 3.50 Soccer Malaysia Cup '78 Singapore vs Malaysian Armed Forces (Repeat) 0 4.50 Sandiwara A Malay337 words
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Article, Illustration737 1978-04-22 7 PETER KIERNAN - By PETER KIERNAN Reuter BUSINESS IS booming for the futurists even though nobody really knows what the future holds. In contrast to gypsies with crystal balls or those who produce lndlv)dual horoscopes, today's futurists are researchers working with computers. They are found In government andReuter - 737 words
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Article1086 1978-04-22 7 Letter to the Editor Dear Sir, The Government, manufacturers' associations, chambers of commerce and industry etc have gone to great lengths to encourage exports of our goods and services. They have even gone to the extent of providing tax incentives, as in the recent Budget,1,086 words
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Article697 1978-04-22 7 IN HONGKONG, everything's open all day long. In Singapore, lots of places are open when you don't even expect them to be. But England is the barbaric land of drinking hours and Sunday closing. A Home Office survey in 1975 showed that two out of every697 words
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Article1013 1978-04-22 7 HOCK LOCK SIEW - IMWMMM r 1 ...on investment i •y HOCK LOCK SIEW THE STRENGTH of the stock market, with its accompanying high volume, has brought about a state of mild euphoria among brokers, many of whom have been so busy that their earlier fears of poorer business and1,013 words
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Page 7 Advertisements
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Advertisement294 1978-04-22 7 gR HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****$ 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 GRAND294 words
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Advertisement0 1978-04-22 7 ],>~&[[[?|[\.'>'*({\*&}+=,=~=$*0 words
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Page 7 Miscellaneous
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Miscellaneous42 1978-04-22 7 BriSt&tf: PranJcDickenS N€U) e>€3t*KG SHOP OH TVve CcRNtR SIMC£. LOME.N 9 DtSGftACCFvJL' RBSOUJTC.LY D«SGOSTiNG u)H«T IS OUR. SOOtTy COCamG TO SOON UJCU. ft BeTfiHG, SWOP £f^ > i SL COCN^? ocx*M€iwnoa i CALL »T DEC*D«MCfe!'f *&ra\c THRT'S WHM TH£y SPilO OUST Before. fgi42 words
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INTERNATIONAL STOCK MARKETS
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Article504 1978-04-22 8 TOKYO Source: DBS-Daiwa. AFTER a short rally yesterday supported by selective buying early in the morning, share prices declined over a broad front on profit taking In the absence of new Incentives and with Investors wavering on high prices. Some light electrical issues such as Pioneer and SonySource: DBS-Daiwa. - 504 words
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Article43 1978-04-22 8 Reuter MUNICH: Bayerische Vereinsbank said as lead manager it is considering a par pricing and 4 per cent coupon for Sankyo Electric Co's 40 million mark eightyear Eurobond. It added the issue will carry a 10 per cent conversion premium. ReuterReuter - 43 words
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Article45 1978-04-22 8 Reuter FRANKFURT: Ste National Elf Aquitaine is raising a 10-year, 100 million mark Eurobond, lead manager Deutsche Bank AG said. The Issue Is expected to carry a 5-14 per cent coupon, the bank added. Final terms will be set on April 25. ReuterReuter - 45 words
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Article33 1978-04-22 8 Reuter DUESSELDORF: The 150 million mark eight-year 6% per cent Eurobond for the Brazilian Electricity Utility Light Servlcos was priced at par, a spokesman for lead manager WestDeutsche Landesbank Girozentrale said. ReuterReuter - 33 words
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Article133 1978-04-22 8 APR 21 Pesos THE market closed mixed with mining and oils averages posting declines yesterday, while commercials were higher. Dealers said turnover fell to 2.88 million pesos from Thursday's 3.37 million. All leading mining issues had small losses. Oil Issues deteriorated further while commercials advanced minimally. Acoje Mining 0078133 words
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Article139 1978-04-22 8 APR 11 Bahu Asia Fibre 258 Bangkok Bank 377 -2 Bangkok Invest. 372 +2 Bangkok-Metro-politan Bank Bata 710 -20 BerliJucker 482 unci Carpet intnl Charoong Thai 299 Wire -1 Dumex DusltThanl 344 ♦3 Faber Merlin First Trust 318 •-7 Genera Finance 367 -6 Indo-Thal Industrial Finance Corp 2575 unc139 words
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Article340 1978-04-22 8 OIL and gas issues recorded the steepest decline since Jan 9 among otherwise mixed prices at the close of active trading on Thursday. Overall, declines led advances 226 to 215 and the composite index was down more than 1/2 point. Analysts said Transcanada Pipeline Ltd's request that gas suppliers340 words
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Article622 1978-04-22 8 hi i;> ma L 4 FRANKFURT share prices were on-balance mixed to firmer with Economics Minister Otto Lambsdorff's pessimistic comments on the West German economy at the opening of the Hanover Trade Fair having no Impact on the market, bourse sourees said. Leading chemicals and electrlcals622 words
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Article188 1978-04-22 8 APR 20 Dm 4/-Aef-Telefunken Akxo AllzLeben Alls Vers BASF BayHTWbank Bay Vbank Bayer BBC BMW Cassella Chem Verw Commerzbank Contl Oummt Daimler-Benz Degussa Demag Deutsche Bank Dresdner Bank Dt Texaco DyckerhoffST A Enka Olanxs Gelsenberg OHH Hapag-Lloyd Haipener Hoechst Hoesch Horten KallSalz Karstadt Kaufhof KHD Kloecknerwerke Llnde Loewenbrau Lufthansa188 words
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Article287 1978-04-22 8 APR 20 Frs CORBEILLE Alr-Llqulde B S N Oervals Danone C8F(ThomsonC»f) Cte Francalse desPetroles Compagnle Financiers Compagnle Generate Credit Fonder De France Hachette (Ubralrle) Machines Bull Mlchelln (B) Parlbas Pechlney Clglne Kuhlmann Peujeot-Cltroen Philips (NvOem Bezlt) 304 491 234 124.90 379 334 178 33 70 1455 178 88 40287 words
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Article177 1978-04-22 8 APR 28 Francs Actions Suisses 287 S. Alusulsse Br 1190 unch Alusutsse Reg 540 -5 Brown Boverl Br. 1585 unch Ciba Oelgy Br 1180 15 CibaOelgy PC 870 15 Clba Oelgy Ret 849 unch Credit Suisse Br 2170 -15 Credit Suisse Reg 420 ♦2 ElektrowattBr. 1810B unch Oeorge Fischer177 words
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Article228 1978-04-22 8 APR 20 Fls •fc/ABN 355 00 -1 Ahold 98 OOxd -10 5 Akzo 25 00 -05 AMEV S3 50 +0 8 Amfaa 110 20 +0 7 Amrot Bank 76.SO -0 4 ISr".:::::: 89 90 +0.9 Bols 70 50 1 BorsumlJ ***** 1.4 Burhmann 98 00 unch Byenkorf 87 50228 words
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Article90 1978-04-22 8 APR 20 Fr» FORWARD MARKET Acec 267 +7 Arbed 2050 -90 Astur 638 +24 Brascan 460 +2 Bru-Lamb 1575 +15 Canpac 493 +9 Cock 376 *16 De Beers 155 1 Ebes 2465 15 Electrobel 6320 +20 Gb-Inno-Bm 2120 20 Oev 1378 +28 Hobok 2520 +65 Petro 4250 +80 Ryl90 words
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Article102 1978-04-22 8 APR 20 Lire Anlc 91 -1.5 Assoc Gen 3«700 -100 Bastogl 398 unch Centrale 3330 -15 Flat 1919 -6 F insider 83 50 +4 Oen Immob 76 50 +0 5 IFIPrl 2061 -7 Italcementl ***** -155 I taigas 630 ♦9 Italslder 148 25 ♦5.5 Magnetl M Pf 452 -6102 words
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Article246 1978-04-22 8 GOLD shares were easier throughout the day In moderate trade with onbalance losses ranging from five to 100 cents on Thursday. They said the easier trend can be attributed to Initial reaction to the US Treasury's announcement on gold sales and the continuing slide in the bullion price. APR246 words
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Article1439 1978-04-22 8 April 20 ON THE Chicago Board Options Exchange, a total of 250,972 contracts was traded on Thursday, compared with 222,458 on Wednesday. OPTION APL JLY OCT STOCK Alcoa 40 3/6 41/4 0 44 Alcoa 45 1/6 11/4 23/0 44 Alcoa SO UNTRD NOL NOL 44 Alcoa 801,439 words
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Article394 1978-04-22 8 FALLS were led by BHP los- ing 17 cents by moving ex- dlv, falling further to A $6.20, then recovering to 6.26 in late trading. Dealer said Peko fell 12 cents to $4.90 and Central Norseman 10 to $7.10, following the US Treasury gold announcement. Bank of NSW lost394 words
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Article133 1978-04-22 8 Reuter LONDON: The floating rate note, both In standard and in redeemable form, will become an increasingly attractive investor Instrument in 1978, Amex Bank Ltd said in its annual report. during 1978 and beyond we expect prime non-bank issuers to be attracted to the floating rate marketReuter - 133 words
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Article1132 1978-04-22 8 NEW YORK THE stock market, responding to strong gains by the dollar against major currencies, finished broadly higher in one of the busiest trading session In history on Thursday. The dollar's advance In foreign exchange markets was boosted by the government's plan, to sell part of1,132 words
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Article66 1978-04-22 8 FINANCIAL TIMES INDUSTRIALS Thursday j 454.8 Wednesday 401.0 Week Ago 452 9 DOW JONES AVERAGE INDUSTRIALS Thursday t 814.54 Wednesday 808 04 Week Ago 755.21 LONDON DOLLAR PREMIUM Thursday 107V4 to 108 Wednesday 110W to in H.K. HANG 8ENG Friday closed Thursday 448.01 Week Ago 430.00 SYDNEY INDUSTRIALS66 words
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Page 8 Advertisements
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Advertisement170 1978-04-22 8 SS* WOLSEY HALL'S PROFESSIONAL and BUSINESS COURSES direct from FEDERAL PUBLICATIONS HOME STUDIES DIVISION PROFESSIONAL EXAMINATION COURSES BUSINESS COURSES Institute of Administrative Management An Introduction to Business Studies Institute of Bankers Business Management Institute of Chartered Secretaries and Commercial Computing Administrators (Courses for the new 1975 examination syllabus available soon)170 words
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INTERNATIONAL COMPANY NEWS
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Article573 1978-04-22 9 AT T to expect stronger growth NORTH AMERICAN COMPANIES Reuter AMERICAN Telephone and Telegraph Co chairman John Debutts told the annual meeting that experience so far this year suggests 1978' will be a year of stronger growth than was anticipated at the beginning or the year. ATT earlier reported earningsReuter - 573 words
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220 1978-04-22 9 Reuter COMMERCIAL Union Assurance Co Ltd's US operating ratio, the proportion of premium Income paid out In claims and expenses, rose slightly in the first quarter to 99 per cent from an overall 98.2 per cent in 1977, chairman Francis Sandllands told the annual meeting.Reuter - 220 words
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Article294 1978-04-22 9 Reuter BANKAMERICA CorE oration, the biggest US ank, reported more than a 23 per cent increase in profits from operations for the first quarter of 1978. It attributed the increase to gains in home real estate loans and consumer loans. Bankers Trust New York Corporation, theReuter - 294 words
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340 1978-04-22 9 Reuter CHEMICAL New York Corp. announces first quarter net opening earnings per share (EPS) of US$l.75. Operating net profits were $27.69 million (24.29 million). EPS after securities were $1.60- (1.68). Net profits were $25.5 million (24.43 million). Assets of $30.3 billion (26.1 billion) depositsReuter - 340 words
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Article274 1978-04-22 9 BENDIX Corp said it sees continued strength for the rest of the year in the principal markets It serves and predicted that 1978 will be another record year. Bendlx earlier reported second quarter (ended March 31) earnings rose to $31.87 million from $29.93 million In the same period274 words
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622 1978-04-22 9 ASIAN COMPANIES Reuter MELBOURNE: Comalco Ltd said it will make a one-for-four rights issue of 50 cent par shares at A 51.56 each to its "A" class shareholders registered on May 31. The "A" class shares represent the 10 per cent public shareholding in Comalco.Reuter - 622 words
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Article114 1978-04-22 9 AP HONGKONG: A 100 million Hongkong dollars contract was signed here on Friday between the Hongkong Land Company Limited ana Gammon Building Construction Limited for the superstructure of Windsor, a major new 41-storey commercial building which Hongkong Land Is developing in Hongkong. construction will be In two phases,AP - 114 words
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99 1978-04-22 9 AFP THE wide-ranging French company Rhone-Poulenc is to found a pharmaceutical firm, Rhodla Yakuhln, In Japan with the Chugal and Showa concerns, It was learned officially in Paris. The venture will be subject to approval by the authorities concerned. The new company willAFP - 99 words
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311 1978-04-22 9 Reuter first quarter net operating earnings per share were UBB6 cents (74 cents). Operating net profits were $106.3 million (92.1 million). After securities, 86 cents (71 cents) and net profit $105.9 million (EPS were 88.5 million). Loans were $46.76 billion (39.88 billion), depositsReuter - 311 words
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Article296 1978-04-22 9 Reuter EXXON Corp expects first quarter operating results to be bolstered by higher prices for petroleum products in some market, Alaskan oil production, and higher natural gas volume and prices in Europe, president Howard Kauffmann said. Kauffmann said while net income for the quarter hasReuter - 296 words
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Article124 1978-04-22 9 KENNECOTT Copper Corporation, the largest US copper producer, said it was temporarily halting copper mining in Eastern Nevada for at least three months as a result of depressed conditions in the world copper market. Nevada Mines Division general manager Dean Kerr said: "We are suffering the worst depression124 words
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Article332 1978-04-22 9 EUROPEAN COMPANIES RIO TINTO-ZINC and Exxon Corporation, have had talks about the possibility of Exxon taking a direct stake In RTZ. Although the discussions have ended, Exxon says that It has "not ruled out the possibility of future Joint mineral ventures." The moves were332 words
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Article115 1978-04-22 9 LONDON: Sun Life Assurance Societv Ltd said Interim 1978 dividend was 1.712p (1.5328p). The company said if statutory limits on dividends and the basic income tax rates remain unchanged, It anticipates paying a simitar second payment for 1978. If limits are relaxed or abolished it will pay115 words
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Article246 1978-04-22 9 Mashamba Mines. LONDON: Societe Generale des Minerals (SGM) Is likely to be forced to compete in the market for what blister copper is available and may have to turn to the LME for some cathode requirements. Copper Studies Inc said. In analysis of the Belgian company Metallurgle HobokenMashamba Mines. - 246 words
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413 1978-04-22 9 SOUTH AFRICAN COMPANIES Reuter GENERAL Mining and Finance Corp Ltd said results of group gold mines for the quarter ended March 31 are as follows, In order: taxed profit (million rand), gold produced (kilos), yield (grams/ tonne) and cost (rand per tonne milled) withReuter - 413 words
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348 1978-04-22 9 Reuter UNION Corp Ltd said results of group gold mines for the quarter ended March 31 are as follows in order; Taxed profit (million rand), gold produced (kilos), yield (grams/ tonnes) and cost (rand per tonne milled) with Erevious quarter in rackets. Bracken: 1.4Reuter - 348 words
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Article54 1978-04-22 9 BONDS AND LOANS TOKYO: Brazil's Companhla Siderurglca de Tubarao plans to borrow from Japan and other countries about US$7OO million in a syndicated loan to build a steel-making plant at Tubarao, Southern Brazil, Japanese banking sources said. Arthur Carlos Oerhardt Santos, the company's president, and other representatives54 words
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Article56 1978-04-22 9 Reuter LONDON: The IshlkawaJima Harlma Heavy Industries Co Ltd US$5O million guaranteed sevenyear floating rate notes have been priced at par and will bear interest per cent above the London interbank offered rates with a minimum rate of b\ per cent, as indicated. International Underwriting group managerReuter - 56 words
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Article51 1978-04-22 9 LONDON: Dollar financing has been arranged to cover a $30 million contract won by Tate and Lyle Engineering Ltd to build a sugar refinery in the Philippines, Tate said. The financing comprises *doUar loan supported by the British Government's export credits guarantee department and a supplementary Eurodolar51 words
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Page 9 Advertisements
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Advertisement170 1978-04-22 9 c ou^ cV Mj*-.*. The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. 2. Enjoying the benefits of over 90 years of tutorial expertise. 3. Being informed of the latest changes and current events and topics of interest and relevance through the exclusive170 words
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DEALS DONE ON THE SES AND KLSE
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Article1657 1978-04-22 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday *4th 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 deal1,657 words
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Article112 1978-04-22 10 5 1/4* IS/7/78 (250.000) (101.958) 5 1/4* 15/18/79 (250,000) (101 30B) 4 3/4* 15/9/80 (250.000) (100.20B) 5* T F 15/4/81 (250.000) (102.658 102 80S) 5* T F 15/10/81 (250.000) (102.70B) 5* T F 1/5/83 (250.000) (100 458 100.558) 5 3/4* T F 15/C/81-84 250.000) (*****8) 7 1/4* 15/18/88112 words
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Article112 1978-04-22 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. CoM Storage (June $1.70) (0.528 0.628) C and C (June 12.20) (1.108 1.238) (2) 1.12.112 words
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Article146 1978-04-22 10 SINGAPORE UNIT TRUST IMiuim' price* for April 22) The Commerce 1.97 2.09 The Saving Fund 1.15 122 S pore Prog Fund 0.94 0 99 S pore Security Fund 1 82 1.93 S pore Invest Fund 1.18 1.25 ASIA UNIT TRUST (Managers' prion far April 22) Mai Invest Fund146 words
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Article2469 1978-04-22 10 4 1978 H*tlh Low l Company Lait Sale +OTOr'i Div DW C'vr Gr'» Net Y'M P/E Vol C000) Day High Low SECTION ONE INDUSTRIALS 183 132 21? 123' 13} J12 22S* 195* 78 V, 60 v i 24® 191 138 144 336 256 422 394 15} 1232,469 words
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Article1669 1978-04-22 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 Aim* (1.808). AJm«m»t» (2.1 SB) XALL <1 888 1 948) (2)1,669 words
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Article, Illustration907 1978-04-22 10 SINGAPORE A BROAD-BASED rally took place on the Singapore stock market yesterday a* buyer* stepped in to give their support to most shares. Trading volume shot up to a record 7.2 million shares this year. Trading was especially firm during the first hour.907 words
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Article557 1978-04-22 10 PROFIT-TAKING In the afternoon trimmed prices on the Kuala Lumpur stock market yesterday. Trading remained very active with turnover coming to a record 7.13 million worth M 513.41 million compared with Thursday's 5.89 million units valued at $11.73 million. Prices were fairly steady initially as sustained557 words
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COMPANY NEWS
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Article, Illustration798 1978-04-22 11 MANO SABNANI - •y MANO SABNANI WEARY shareholders of Guthrie Berhad are apt to pay little heed to repeated assurances by the company's top echelon that the worst Is over and good times are on the horizon again. Such an attitude is understandable, considering798 words
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Article706 1978-04-22 11 Correal Bt Books Date Total far Total far payment Date close payable the year prwiouayaar II fl 01%^vii*® 8%I Apr 11 Apr 18 Apr 22 8% 23% K.L. Kepong Deb 6.25%<g) Apr 7 Apr 19 Apr 25 10W% G.E. Life 22%<k) Apr 17 Mar^l Apr 24 Apr 27706 words
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Article185 1978-04-22 11 Company Particulars Books Close Ex Dste Sime Darby Bonus Issue of 1 for 1 May 4 Apr 26 Kmnit Tin United Oversea* Bonus Issue of 1 for 5 May 10 Apr 27 Bank Bonus Issue of 1 for 10 May 6 Apr 28 Straits Steamship Bonus Issue of185 words
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Article, Illustration922 1978-04-22 11 ARTHUR NG - •y ARTHUR NG THOUGH the smallest In size among the Big Pour as far as assets are concerned, Overseas Union Bank's 1977 performance, revealed yesterday, suggests that Its performance In the near future could improve significantly. Group net profit came to $13.28 million, a 17.2922 words
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Article464 1978-04-22 11 JACK Chla Mining and Industrlal Corporation (JCMI), part of the Jack Chla family of companies, which has suffered losses for the last two financial years, has told the fixed assets, stores, spares and fuels of its tin mine in Phang Nga Province, South Thailand,464 words
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Article80 1978-04-22 11 THE Sydney Stock Exchange aaid trading in Kramat Tin Dredging Bhd •hares was suspended from the close of trading yesterday until the Malaysiabased company completes its capiul reconstruction. The suspension applies to all Australian stock exchanges. Kramat proposes an authorised capital increase, a share split to M5O80 words
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Article192 1978-04-22 11 Ajinomoto (M) Bhd: AGM to be held at 6 ft miles, Simpans 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, at192 words
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Page 11 Advertisements
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Advertisement446 1978-04-22 11 UT\ IN PENGUINS 4J 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 the case446 words
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404 1978-04-22 12 AP ARAB businessmen on a visit to Washington has proposed to US Commerce Secretary Juanita Kreps that the equivalent of a corporate dating service be set up to push the exchange of American technology for Arab petrodollars. The service would survey Arab and American companiesAP - 404 words
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Article, Illustration785 1978-04-22 12 Reuter UPI PRESIDENT Carter called on Congress to act on measures to save energy and to control inflation as the White House said congressional failure to approve major tax cuts could bring on a new recession. With his energy programme bogged down inReuter; UPI - 785 words
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561 1978-04-22 12 NYT THE Inter-American Development Bank, Latin America's biggest source of official credits, is running out of money partly because of delays by its biggest contributor, the United States, in meeting payments. A new drive for funds expected to go as high as US$BNYT - 561 words
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Article802 1978-04-22 12 LONDON. Fri Stock prices closed mixed in quiet trading. At 3 p.m. the Financial Times index was down 0.6 at 454.2. Oovefnment bonds softened by up to 1/4 during the morning and showed little change from these levels subsequently, dealers said Turnover was very small ahead of one802 words
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446 1978-04-22 12 Reuter THE US$3OO (Ss69o million) credit now being raised by South Korea on the Euromarket is likely to be the country's only large foreign borrowing this year. Finance Minister Kim Yong-hwan said this In Bonn on Thursday. The need for foreign loans IsReuter - 446 words
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301 1978-04-22 12 Reuter AFP TAIWAN'S exports to Saudi Arabia reached US$7O million (Sfl«« million) in the first quarter of this year, an increase of more than 100 per oent ov®r the same period last year. The central news afency quoted trade officials as saying the countryReuter; AFP - 301 words
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698 1978-04-22 12 Reuter U8 ASSISTANT Treasury Secretary for International Affairs Fred Bergsten. said the United States' intention to sell gold is only part of the overall plan designed to improve the country's trade balance and the value of the dollar. Mr. Bergsten saidReuter - 698 words
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149 1978-04-22 12 Reuter IMPORT duties assessed In dumping cases are delayed an average of three to 3-1/2 years by the US Customs Service. According to a report by the General Accounting office. dumping, or sales of foreign goods at prices below those In the countries where theyReuter - 149 words
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Article84 1978-04-22 12 Reuter the JAPANESE Finance Ministry is sounding out Japanese underwriters on a plan to issue new types of national bonds with twoyear. three-year, and four'year maturities through public tenders, the Underwriters Association said in Tokyo. The plan provides for flotations of one trillion yen (Sslo billion)Reuter - 84 words
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Page 12 Advertisements
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Advertisement173 1978-04-22 12 Sales People ONLY! Handle objections more capably Close more sales Increase your pay cheque Ihe Dale Carnegie Sales Course has proved lis value to professional sales people. I or more lhan 25 years sales people in all fields have used it to sharpen their selling skills. You learn practical v'ov\173 words
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Advertisement352 1978-04-22 12 FROM FEDERAL PUBLICATIONS Li M HI AN YAM tim K J. f V K N» v vv> r A V vm+tSm k f MP 7 a step-by~step guide An easy-to-understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an352 words
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