The Business Times, 26 April 1978

Microfilm: NL9628
Total Pages: 16
1 16 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, APRIL 26, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Road to expansion
      71 1 AFP TOKYO, Tues. Japan's economy appears to be back on the road towards expansion following the mid-1977 doldrums. The Economic Planning Agency reported today that Its diffusion index, which comprises 25 different indicators of economic trends in such areas as stock prices, Industrial production and inventories, stood
      AFP  -  71 words
    • Article
      For injured workers
      68 1 THE SINGAPORE Labour Foundation yesterday launched a donation draw to raise $2.5 million to set up a vocational rehabilitation centre for injured workers. The chairman of the committee of the Labour Foundation, Mr Phey Yew Kok, said the centre would also promote educational, social and welfare projects
      68 words
    • Article
      Lock icon Bonn surplus
      65 1 Reuter WIESBADEN, Tues. West Germany plied up a 4.2 billion mark (Ss4.B billion) trade surplus last month, despite being handicapped by the rising value of the mark, the Federal Statistics Office reported today. The March trade figures are the best since last December's 4.2 billion mark surplus and
      Reuter  -  65 words
    • Article
      Lock icon Asean food reserve
      65 1 Reuter JAKARTA, Tues. Asean has been asked to accelerate plans to establish a regional food reserve scheme for the benefit of all five members. Mr. Sudarsono Hadiseputro, Indonesian Minister of Agriculture, told the opening session of the third meeting of the Asean Committee on Food, Agriculture and
      Reuter  -  65 words
    • Article
      Lock icon Helping India
      93 1 Reuter LUXEMBOURG, Tues. Common Market development ministers today gave the go-ahead for the community to participate in a US$54O million (551,260 million) project aimed at building up India's diary Industry and milk distribution network over the next six years. The ministers, holding a one-day meeting here, approved the
      Reuter  -  93 words
    • Article
      Lock icon UK jobless falls
      36 1 Reuter LONDON, Tues. UK unemployment fell in April by 12,900 to 1,387,000 or 5.8 per cent, seasonally adjusted and excluding schoolleavers. The Employment Department said this was the seventh consecutive fall in unemployment.
      Reuter  -  36 words
    • Article
      Lock icon Strike collapses
      31 1 Reuter TOKYO, Tues. Japan's* national transport strike began to collapse today when private railway employees accepted a 5.5 per cent pay rise and ended their planned three-day stoppage. Reuter
      Reuter  -  31 words
    • Article
      Lock icon Dow Jones
      37 1 AP NEW YORK, Tues. The stock market Jumped ahead again today, swept along on the momentum of yesterday's sharp rally. The Dow Jones average of 30 industrials soared another 10.22 to 836.281n the first half-hour.
      AP  -  37 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      124 1 Rises Mo* f octi' re Goodwood Park 324 Matsushita 350 K L Industrie* 80 Taiping Textile 109 Straits Trading 875 Boustead 258 Benta 300 Pahang Cons 160 Ming Court 154 Sentosa 172 TganuDev 152 Foils Utd Malacca 404 Berjuntai 710 Supreme Corpn 200 Gold Coin 152 OCBC
      124 words
    • Article, Illustration
      In Kuala Lumpur
      169 1 Rises Most active Castle fied 11.30 .70 Pahang Cons 507.000 L td. Mai 4.20 .16 M'sia Rice 413.000 T. Textile 1.12 151/2 Trengganu Dev. 370.000 K.L. Ind. 0.78 1/2 .13 1/2 City Dev. 330.000 Mega Tasek 1.22 2.96 .10 .10 Total Turnover: 6.35 m Dunlop Eat 3.22
      169 words
  • Article
    Asian $ market gains rhythm
    933 1  - Asian market gains rhythm BANCO DO BRASIL LOAN By COLIN CHEE A SYNDICATED loan for Brazil is currently being put together in the Asian dollar market by Banco do Brasil. It will be the country's first in the market but certainly not the last. Disclosing this yesterday was Mr. Ademar
    933 words
  • Article
    BUYING SBS SHARES WITH CPF
    244 1 CENTRAL Provident Fund members who are above 21 years of age may borrow up to a maximum of $5,000 from the fund to buy Singapore Bus Service shares, according to a Government Gazette notification. This is one of the provisions provided for In The Central
    244 words
  • Article, Illustration
    API traded to dizzy heights
    620 1  -  By TOH THIAN SER SPECULATIVE activity in Associated Plastics Industries has reached a peak in recent days. The company has certainly lived up to the Malay translation of its acronym, Apl, or fire; and the frenzied activity in this counter Is reflective of the speculative
    620 words
  • Article
    SIA seeks payment from ANZ over leased aircraft
    250 1 SINGAPORE Airlines (SIA) is seeking compensation from Air New Zealand for the aircraft which it has had to schedule in place of the ANZ DO 10 on its run to Auckland. ANZ's failure to provide the aircraft under a lease agreement effective
    250 words
  • Article
    Developers' plight due to HUDC, says report
    561 1  -  •r; SIVA ARASU PUBLIC housing programmes, particularly those of the Housing and Urban Development Company (HUDC), axe to be blamed for the present plight of developers. This is the conclusion of a long-awaited report on the role of property developers In Singapore for
    561 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      30 1 whatever you need in menswear,get it at... MOHAN'S DEPT STORE (PTE.) LTD. 321 Orchard Road W *****22 (nut to Mandarin HoM) Branch: K)t,lfcnglin Shopping Cantr* 1W *****48 Daily 9am-9 pm
      30 words
    • Advertisement
      Page 1 Advertisements Column 2
      47 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant A HE7IRV nnc RGEIICIES PTE LTD 9 Lf "<G Kf! Alt SIN'iAP'HtJ Hi j',. 1; BRUNEI AGENT RELIANCE DISTRIBUTORS 144 8 JALAN CHEVALIER.BANDAR SE Hi BE GAW A M BRUNEI TEL ***** uu tPU
      47 words
    • Advertisement
      Page 1 Advertisements Column 3
      68 1 SHIPPING TIMES SPC project decision! toon 2 PEOPLE in business 2 WESTERN shipowner* leek government intervention 5 FURNITURE industry plans overseas thrust 6 HENNEBSY: It's aU in the family 7 STRAITS Tradinf twitches accounting method 11 ALTERNATIVE for Jardines holders 11 WINNER of PWD*s giant contract 12 MEMOPAD 2. CROSSWORDS
      68 words
    • Advertisement
      Page 1 Advertisements Column 4
      222 1 LANIER COURIER the perfect secretary.... J 5" high 2V»" wide 10 OX. Wt. works 24 hours a day and never grumbles lAoantOON Mr. Leader Page 6 Which logos is die right business calculator for you? Olivetti Logos: A range of calculators designed to do more hard calculating work than most
      222 words
Page thumbnail Page 2
  • TRADE AND INDUSTRY
    • Article
      Statements on participation in SPC soon
      507 2  -  By RONNIE LIM ALL SIX parties involved in the BP Singapore and Caltex (Asia) Joint proposal to participate in Singapore Petroleum Company's expansion plan are expected to give their statements in principle over the project by the middle of next month. While this is
      507 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      321 2 CHASE MANHATTAN Bank has promoted Mias Kam Sioe Nio to vice president, Mr. Lim Chye Hoe to second vice president, Mr. Howard Libauer to second vice president and Mr. Thomas Koh Wee Chuan to assistant manager. Miss Kam is the first woman vice president in Chase's Asian
      321 words
    • Article
      Lock icon Manila's top investor
      431 2 Reuter THE UNITED States was the top foreign investor in the Philippines in the seven-year period to 1977. Japan took second place. The central bank said that foreign investments since it started monitoring capital inflows in early 1970 now stood at US$BOl million (551.84 billion). American Investment
      Reuter  -  431 words
    • Article
      Lock icon SATELLITE EXPOSES FOREST COVER
      193 2 Reuter SATELLITE remote sensing has shown that the Philippines has less forest cover than It thought and that tightened management was necessary to prevent Its exhaustion before the turn of the century. Dr. Rlcardo Umall from the Department of Natural Resources was speaking on Monday on
      Reuter  -  193 words
    • Article
      Food Asia promises to be a delicious event
      205 2 SEVERAL million dollars worth of product* will be on display and some 8,000 trade visitors are expected at Food Asia, the inter* national food, drink, catering and hotel equipment exhibition. More than 200 manufacturers and suppliers from 13 countries are participating in
      205 words
    • Article
      Lock icon OIL, GAS FIND BY ESSO
      133 2 AFP SIGNIFICANT quantities of oil and gas have been found in Ountong One, an Esso exploration well off Kuala Trengganu. According to an Esso Malaysia statement Ountong One, 225 km off Trengganu, Is the fourth consecutive new field well to encounter hydrocarbons in the area
      AFP  -  133 words
    • Article
      Credit club officials
      40 2 MR. ERIC Seah of United California Bank, has been elected president of the Singapore Credit Club for Other committee members include Messrs Henry Lau and Loh Kok Yew (vice-presidents), Seah Mui Seng (secretary) and Robin Liow (treasurer).
      40 words
    • Article
      Lock icon Task force to monitor trade pact with Japan
      586 2 Agencies A CONGRESSIONAL task for<* to monitor the USJapanese trade agreement was formed on Monday. Representative James Jones will head the group. The panel will analyse actions by the Japanese to increase their imports and what the US is doing to promote
      Agencies  -  586 words
    • Article
      Lock icon Buy American
      115 2 UPI TAIWAN'S second "Buy American' delegation will leave In early June to purchase US$4OO million (Ss93o million) worth of US products. Official sources In Talpeh said yesterday the 35member delegation, led by director of the Board of Foreign Trade, will depart on June 9 to tour IS US
      UPI  -  115 words
    • Article
      Zeroing in on tariff cuts
      83 2 MALAYSIA Is negotiating with the United States to reduce US tariffs on Malaysian exports to as low as zero to allow greater access Into their market. A list of Malaysian export products that will interest the US market has been identified for tariff consi- deration,
      83 words
    • Article
      Centre for technology transfer
      483 2 A Ms2o MILLION science centre Is to be set up in Kuala Lumpur by the Malaysian Scientific Association, its chairman, Tan Sri Dr B.C. Sekhar said. The centre, providing mobile services, will help transfer technology to the rural areas. The setting up of the centre has
      483 words
    • Article
      Lock icon A HANDSOME CATCH
      149 2 AP TAIWANESE. Japanese and South Korean tuna boats landed more than 5,721 tonnes of Tuna worth US$3.4 million (Ss79 million) off Penang in 1977, state fisheries statistics released yesterday showed. In 1976 3,719 tonnes worth 92.4 million were landed. Penang last year exported 3,930 tonnes of tuna
      AP  -  149 words
    • Article
      MEMO PAD
      290 2 DATE TITLE VENUE ORGANISER COURSE AND TALKS April 24Ma vl3 Middle Management Course SITC SITC April 27 Export Financing Shangri-La IBF April 27, Personnel Management 28 and Workshop Hilton Consulasla 29 April 30- Corporate Survival In Melbourne ICSA, Australia May 2 the 80s May 3 Marketing Now Hilton
      290 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      54 2 r i Marketing Now For Senior Marketing Managers MIKE WILSON Managing Director of M Marketing Improvements Ltd., Europe's most successful marketing consultancy talks on The Latest Ttends and Developments in Marketing Hilton Hotel, Singapore on 3rd May 1978 9 a.m. to 5 p.m. For details, contact Miss Wong Chia Lee
      54 words
    • Advertisement
      Page 2 Advertisements Column 2
      92 2 •if In days of yore, When Henry Four Was trying hard to keep Rebellion down, In London Town A tavern in Eastcheap Had great renown: Here did the Crown Prince Henry entertain, With clack and smack And lots of sack His sycophantic train. The Boar's Head Inn (A synonym For
      92 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      693 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 Eat rapidly out East (5) 8 It scratches one man m a hundred (5) 10 Colour that's wrong for Cilia (5) 11 The stuff of drama (3) 12 Outwardly the double century of a nobleman (5) 13 Records of minuets, possibly (7) 15 Bells
      693 words
Page thumbnail Page 3
  • OVERSEAS
    • Article
      Lock icon Experts drive home need for a tax cut
      661 3 Reuter NYT FOUR prominent economists told the US House Ways and Means Committee which Is considering President Carter's proposal for a US$25 billion individual and business tax reduction, that the economy still needs a tax cut. Former presidential economic adviser Alan Greenspan
      Reuter; NYT  -  661 words
    • Article
      Lock icon Eight adopt plan to fight pollution
      359 3 AP EIGHT of the world's major oil-producing states adopted an action plan to combat oil pollution and protect marine environment at the end of a 10-day conference in Kuwait on Monday. The plan is based on two treaties drawn up at the government-level conference
      AP  -  359 words
    • Article
      Lock icon Soviets buy more corn
      102 3 AP THE Soviet Union has bought an additional 500,000 tonnes of US corn for delivery during the second year of a long-term agreement, the US Agriculture Department said on Monday. The latest sale boosted to about 15.3 million tonne of grain the Soviet Union has purchased
      AP  -  102 words
    • Article
      Lock icon Matter of time before China taps Eurofunds
      231 3 Reuter CHINA will have to come to the Euromarket eventually if it is to raise at the lowest cost the funds it needs to pay for its industrialisation. Senior bankers in Luxembourg said that though China is only likely to come to the
      Reuter  -  231 words
    • WORLD IN BRIEF
      • Article
        Lock icon EASING THE TRANSITION
        533 3 Agencie DENMARK'S trade deficit rose to 1.9 billion crowns (SS7OO million) last month after one billion in February and a two billion shortfall in March 1977, preliminary statistical bureau figures show. This brough the total deficit for January to March this year to 4.8 billion crowns against
        Agencie  -  533 words
    • Article
      Lock icon FORECAST OF A SPURT AFTER MID-79
      178 3 Reuter A LEADING American economist expects the US economy to grow at a moderate rate through the middle of 1977 alter which, it will spurt. Otto Eckstein, president of Data Resources, an economic consulting company, told the Senate Banking Committee: "From mid-1978 to mid--1979,
      Reuter  -  178 words
    • Article
      Lock icon Bonn rules out new stimulus next month
      849 3 Reuter NYT GERMAN Chancellor Helmut Schmidt has ruled out new moves by his government to stimulate the economy next month, but left open the possibility of financial measures later this year. After Monday's talks between German and British ministers, Mr. Schmidt said the
      Reuter; NYT  -  849 words
    • Article
      Average yields on Treasury bills up
      190 3 THE AVERAGE effective yield on US Treasury bills rose to 6.294 per cent for three-month bills and 6.777 per cent for six-month bills at the latest weekly auction. The yield on the threemonth bill was the highest since the 6.373 per cent at the
      190 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      32 3 I *v I*s Our one-stop London and back. k Please contact your travel agent or British Airways Reservations Tel: *****4. airways We'll take more care of you In association with Singapore Airlines.
      32 words
Page thumbnail Page 4
  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      492 4 OPENING quotations In Singapore yesterday were marked up one cent following higher after-hours trading here on Monday and the mild followthrough from London, but prices later fell back on some profit-taking. Towards the morning close, prices recovered fractionally on late buying orders, dealers said. The morning
      492 words
    • Article
      RAS PRICES
      329 4 Prices In cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.S.S. prompt t.o.b. Int. 1 R.S.S. May Int. 1 R.S.S. June Int. 2 R.S.S UK/Cont. Int. 3 R.S.S. UK/Cont. Int. 4 R.S.S. UK/Cont Int. 5R S.S. UK/Cont. Buyers 200.25 206.75 207 75 201 25
      329 words
    • Article
      SSR AND SMR
      179 4 NOON SSR. and SMR prices yesterday: May June HAS (Current Mth) (Forward Mth) Buyers Seller* Buyer* Seller* (cent* per kg) (cent* per kg) SSR 20 (1-ton pallet) 198.00 200 00N 199.00 201 00N SSR SO (1-ton pallet) 196.00 198.00N 197.00 199.00N MRELB SMR5CV (1-ton pallet) 220.00 222
      179 words
    • Article
      Closing prices
      30 4 Rubber: April 25 Singapore: May 208.00 cents (up 1.00 cent) Malaysia: May 213.00 cents (up 1.00 cent) Tin: 11,570 (up $18) Official offering: 250 tonnes (up 6 tonnes)
      30 words
    • Article
      Cocoa
      358 4 TERMINAL cocoa in London yesterday was erratic in early dealings. Near May traded immediately £40 up from Monday night without sustaining a limit and the market then eased sharply to record near-limit declines in 1979 positions. Prices finished the first call LlO up in near May to 137.50 down
      358 words
    • Article
      Produce exchange
      432 4 MIXED conditions prevailed in dull trading on the Singapore produce market yesterday. Few Inquiries from nearby countries resulted in sales. Activity was highest in the copra and coconut oil sector with copra continuing its modest advance with a $1 gain to $57 per picul. Increased demand for this
      432 words
    • Article
      Coffee
      275 4 MARKET reports that most Central American producers had returned to the market with some origins setting minimum registration prices and others such as Costa Rica, Honduras and Venezuela not setting any minimum price, had a psychological Impact on a sensitive market in London yesterday. Robustas at the end of
      275 words
    • Article
      Sugar
      198 4 SUGAR futures in London yesterday opened around overnight kerb levels with on-balance losses of £0.65 to £1.50 per tonne. The London daily raws price was £1 down on tone at £103 while whites were unchanged at £110. Dealers said market talk that Iran had taken Brazilian raw sugar for
      198 words
    • Article
      Rice
      172 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne f.0.b., basis Bangkok) White Rice. 100 pet Ist Class 442. 100 r:t 2nd class 427. 100 pet 3rd class 422. pet 413. 10 pet 400. 15 pet 382. 20 pet 387. 25 pet 377. 35 pet
      172 words
    • Article
      Straits tin
      284 4 THE STRAITS tin price in Penang yesterday rose MS 18 per plcul to $1,570, $70 above the International Tin Agreement celling. Sentiment Improved following Increased consumer demand from the US and Japan and the higher London Metal Exchange price on Monday, dealers said. Turnover rose slightly to 250
      284 words
    • Article
      Zinc
      63 4 ZINC closed the morning ring with losses of t'0.25 for cash and t'l for Three Months in London yesterday. It followed the general trend with early liquidation attracting bouts of short-covering interest, dealers said. Three Months traded down to 1'296 per tonne on the pre-market but worked back to
      63 words
    • Article
      Lead
      73 4 LEAD on the morning lost i 1.25 for cash and €2 for Three Months in London yesterday. Long liquidation developed on the pre-market following the easier copper trend and Three Months traded down to C 306 per tonne. The lower levels found some short-covering support and prices subsequently fluctuated
      73 words
    • Article
      Hongkong comex
      211 4 THE sugar market yesterday eased 0.08 to 0.35 US cents In dull and featureless trading, with turnover steady at four lots, dealers said. The Hongkong dally spot sugar price was steady at 7.60 US cents. Spot May contract expires on Friday, which has net open positions of 25
      211 words
    • Article
      SPOT PRICES
      193 4 YARN and cotton In Hongkong dollars, wholesale prices, spot exgodown. Cotton Yam: China Blue Phoenix 20s 1.780. 32s 2.070 40s 2.190 (per bale of 400 lbs) Piece Goods: China Butterfly and Olobe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq, Flying Oeese unq (per
      193 words
    • Article
      Soybean
      229 4 CHICAGO soybean futures on Monday finished with limit losses of 30US cents a bushel In all old crop Months and September. Other Months fell 25 to 20V4 cents. Nearby beans collapsed at the opening. After all old crop Months reached limit losses, the market traded off the lows with
      229 words
    • Article
      Wheat
      92 4 WHEAT futures posted near-limit losses of 15% US cents a bushel at the close, ending at the day's lows in Chicago on Monday. The collapse of soybean futures at the opening prompted early selling which took prices into commission-house sellstops and brought losses of eight to 10 cents a
      92 words
    • Article
      Copper
      333 4 COPPER wire bars finished the morning with all-round losses of £8.50 per tonne In London yesterday. The early pre-market was marked down under general liquidation prompted by the overnight New York trend but prices rallied briefly on covering Induced by reports of some US, West German and Japanese physical
      333 words
    • Article
      Silver
      174 4 SILVER closed with losses of mostly 0.7 pence on the London Metal Exchange yesterday. The market lost further ground following a lower gold fix but after trading down to 275.5 pence for Three Months, prices steadied in the ring with this position finally trading at 276.6 pence. Dealers attributed
      174 words
    • Article
      Gold
      497 4 THE KILOBAR In Singapore yesterday opened at 5512,805 and closed at $12,749. The price fluctuated between a high of $12,850 and a low of $12,734 during the day. Trading during the day was active. In the loco London market, the metal opened at U*****.90/168.20 and closed at U*****.80/168.10. The
      497 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        448 4 THE US dollar remained generally steady in the foreign exchange markets yesterday. Trading was thin, with*traders generally unwilling to take positions in the market. Opening at 227.90/10 against the yen, the dollar was gradually traded to 227.40/50 during London opening. Traders said that the drop was due to
        448 words
      • Article
        Minimum lending rates
        67 4 THE PRIME rate of moat 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 the
        67 words
      • Article
        Asian $ rates
        165 4 Asian rates ASIAN currency deposit interbank rates as at close on April 25: U8 Dollar* (Spot) Offer Bid 7 days ....7 1/8 7 1 mth 7 5/16 7 3/18 2 mt.hs 7 7/16 7 5/18 3 mths 7 9/16 7 7/18 6 mths S 7 7/8 9 mths 7 7/8
        165 words
      • Article
        Discount
        51 4 KANOE of prices offered by discount houses on April 25 Overnight 2* to 3*4* Call deposits 3y>t Ctoaiaa Buying Selling 3-month Treasury bills 3 1/4 3 1/8 3-month Bank bills 4 7/8 4 3/4 3-month CD 4 15/16 4 13/18 6-month CD 5 1/4 5 1/8 Source: National Discount
        51 words
      • Article
        Tokyo
        97 4 THE US dollar for overnight delivery yesterday closed lower at 226.90 yen, compared with 228.00 both at the opening and Monday's close. Dealers said trading was active with volume US$4BO million. The dollar easiness reflects market apprehension about March US trade figures to be announced today, the dealers said.
        97 words
      • Article
        Frankfurt
        47 4 FRANKFURT exchanges opening quotes on April 25: US 2 0770/85 2 0790/805) Can 1 8245/65 Stg 3 768/778 D Fl 93.50/60 S Fr 106 10/35 Ut 2 39/40 F Fr 44.80/90 N Kr 38.25/35 B Fr (con) 6 415/425 F Fr <fln> 6.41/42 Yen 0 9130/45
        47 words
      • Article
        Zurich
        75 4 ZURICH exchanges closing quotes on April 24: US 1 9602 9617 Stg 3.5728 5765 Can 1 7220 7240 D Mk 94 3360 4535 D Fl 88 2393 3465 F Fr 42 2754 3442 B Fr 6 0556 0658 D Kr 34.4482 4806 N Kr 36 1293 1636 S Kr
        75 words
      • Article
        London
        203 4 STERLING yesterday fell to U551.8166/ 73 in opening trading after an early indication of 1.8198/ 8208 here, extending the weakness evident in New York on Monday night. On a trade-weighted basis the pound's official index was marked down to 61.3 from Monday's 61.5, with dealers reporting sustained early selling
        203 words
      • Article
        New York
        210 4 AFTER a day of quiet, generally featureless trading, the dollar closed mixed against major currencies on Monday. The market appears to have stabilised for the present as participants try to assess the longer-term course of the dollar, dealers said. The US currency traded in a narrow range, although
        210 words
      • Article
        Hongkong
        114 4 IN FAIRLY quiet trading ahead of the US and West German trade figures, the US dollar yesterday closed mixed. The dollar closed at Its opening 2.0760/70 marks, lower than its 2.0775/90 New York close after drifting to a day's low of 2.0730/40 Sterling closed little changed at 1.8200/10 from
        114 words
      • Article
        Euro $ rates
        156 4 Euro rates LONDON Eurodollar deposits were steady with a firm undertone In quiet trading yesterday. Period deposits were un- changed from Monday's closing but One Month was adjusted lower by 7/16 to 75/16, 7-3/16 per cent after Monday's technical mark up. Fed funds traded at 615/16 per cent on Monday
        156 words
      • Article
        Eurobonds
        404 4 STRAIGHT Eurobonds mostly eased with mark issues quoted up to lower in relatively active trading yesterday. Floating rate notes held steady in light trading while US and Japanese convertible bonds firmed slightly. EUROBOND prices quoted on April Straight* Bid Offer Total oil st« 9* 84 93.00 93.75 FFI stg
        404 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      35 4 TEmPCDDL >«■ >'f -sjr.< "'V' r •w* 4 For your Source of Supermarket/Food Service and Refrigeration Equipment. X: company In the Food A erated di if# f. m m m m *< #r il I IDDL 3
      35 words
Page thumbnail Page 5
  • TRANSPORT
    • Article
      Lock icon Marketing verdict soon on Europlane
      650 5 Reuter EUROPE'S major alrcraf manufacturers will decidi by this week whether it fc commercially viable t< develop Jointly a mediumhaul Jet-liner. The findings are expected to be a major factoi in state-owned British Aerospace's decision or whether to seek a European partner or take up
      Reuter  -  650 words
    • Article
      Lock icon COLLISION AFTER TRANSITING SUEZ
      157 5 UPI AN AMERICAN cargo ship emerging from the Suez Canal into the Red Sea collided early on Monday with a waiting Iranian freighter. The 29,000-ton American vessel. Mount Vernon Victory, bound for India with a wheat shipment, suffered "very minor damage" in Its bow way above
      UPI  -  157 words
    • Article, Illustration
      SHIPS IN PORT
      327 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Gelang (2300 after Bunga Mas) 19 Chidambaram (1500) 42/43 Esqulllno (2000 after EstelTo Maersk Tlrranna) 33/34 Howell Lykes (0600 6/7 Integrity (1800 3/4 Kota Slnga (1800 after Tirranna) 35/36 Ocean Supply (after Cherry Vtlja) 48 Oktyabrskaya Revolutslya (1100 Gudrun Bakke) 1/2
      327 words
    • Article
      Western lines look to their governments
      962 5 UNRESOLVED SHIPPING ISSUES By OUR REPORTER WESTERN shipowners are seeking help from their respective governments to resolve several International shipping Issues which they believe they are Impotent to act on their own. The stand taken by the US government against closed shipping conferences and
      962 words
    • Article
      Far East freights
      1147 5 THE 1972 built tanker San Marco, dwt 5047, was sold last week for a reported *****,000 to a Malaysian firm. It should be noted that extensive repairs must be made because of fire damage. The Tokuel Maru (built 1964 with 253 grt) was recently sold to Panama
      1,147 words
    • Article
      Lock icon London freight market
      221 5 UPI BULK carriers and combined carriers continued to benefit from the current firm trend on the London freight market. Ore Sea transport booked the 71,021 dwt bulk-oil carrier, Allegre, at US$2 per dwt, after end-April delivery in the US Gulf. British Steel took the 114,812 dwt bulk-oil
      UPI  -  221 words
    • Article
      Lock icon PanAm applies to Hanoi
      133 5 Reuter PAN AMERICAN World Airways has applied to Vietnam for permission to use its airspace for time-saving flights from Hongkong to Thailand. The application was made by PanAm officials who returned from Hanoi after negotiating with Vietnamese officials for the overflight permission. Such overflights had been
      Reuter  -  133 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      751 5 ARRIVALS Service Local Operator Number Time From TMA TL374 0530 TPE MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX71U 1005 HLP GIA QA980 1030 HLP THAI TG423 1035 BKK
      751 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      251 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL: *****55 -f Call us for your local onward reservations cr or 4 r jm 1/ 4f i Si/ v m i ij i I)N I I ■ar^ :v A $105/-POST FREE 310 pages. 30 x 27.5 cm with 253 illustrations including 92
      251 words
Page thumbnail Page 6
  • Article
    Not at expense of US slowdown
    340 6 IT WOULD be a great pity If the gap in growth rates between the US and West European economies Is to be reduced, as the West German report predicts, only by a slowdown in US economic growth. But there is enough evidence to suggest
    340 words
  • Article
    Wrong to bail them out of slump
    456 6 THERE is no single finding in the Applied Research Corporation's report on the residential property market that Is of great Importance. None of the recommendations listed for the Singapore Land and Housing Developers'' Association are either novel or unexpected. They are all proposals
    456 words
  • Article, Illustration
    Furniture men plan to tap vast US market
    1652 6  -  TSANG SAU YIN REPORTS A CONFIDENT AIR AMONG FURNITURE EXPORTERS AND THE BIRTH OF A^oSnUM TSANG SAU YIN IT IS impossible to miss the air of determination, the eager anticipation of good tidings to come reflected in the confident talk of local
    1,652 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      670 6 885 Orchard Road, S'pore t. Td: J711» 408/407 Havelock Road, S'pore 3. Tel: 4S3NI 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 Dally (except Sunday) open
      670 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      62 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Mainly fair. Report for 24 hours prior to 7.30 p.m. on April 25 at the airport. Maximum Temperature n°P Associated Humidity 65 Minimum Temperature 25 "l°C Associated Humidity 98 Hours of Sunshine c is Rainfall in Millimetres V? Total Rainfall
      62 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      282 6 SINGAPORE 5 3.00 PM Opening announcements followed by Swedish Country Fiddlers" 3.30 Diary of Events (Malay) 3.35 Bonanza The stillness Within 0 4.25 Intermission 6.00 Opening announcements followed by Electric Company (Last Episode Repeat) 0 6.30 News in Brief 0 6.35 Wild, Wild World Of Animals Deadly South American Snakes
      282 words
Page thumbnail Page 7
  • Article
    Lock icon Distinguished French economist dies
    651 7 NYT. »JACQUES Leon Rueff, the distinguished French economist, died on Sunday at his home in Paris. He was 81 years old. Professor Rueff, a leading advocate of a return to the gold standard in the inter- national monetary system, is perhaps best known for his austerity
    NYT.  -  651 words
  • Article, Illustration
    Scion of Hennessy a marketing strategist
    2078 7  -  By SIVA ARASU RICHARD is four years old. He loves cognacs. For any other child this would be unusual, but for a boy surnamed Hennessy, it is perhaps as natural as a fish taking to water. Especially, if he also carries the Christian name
    2,078 words
  • Article, Illustration
    STRAWS IN THE WIND
    528 7 MARKET-WATCHERS in London, where the traded options markets has Just opened, are struggling with a new Jargon. For example, here is Barron's magazine on Chicago options after Wall Street's recent upsurge: "Shorts were squeezed, unmercifully. Sophisticated ratio writers who thought that selling naked April calls was
    528 words
  • Article
    Those foreign tourists are flooding America
    892 7  -  i FOBPM ...on America •y RUSSELL BAKER Rustell Baker i* the New York Timet' humoritt. WE Americans shall soon be engulfed by European and Japanese tourists. Because of the US dollar's decline in relation to the franc, the mark and the yen, It is
    892 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      308 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 Ladyhill Road, Singapore 10 Tel: *****1 HOTEL NEGARA 15 Claymore Drive, Singapore
      308 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      54 7 Dickens SiR ReGfrffMD CH6ST(ES?-(\ERRN Sfk F,Rms ft HORSC CuMHiNC? TfcDRV \N rue Two Thirty MOW ROOOT R FuuTTe^" 7 V kwooj HOUJ i Feeu fteouT ftFTnr4G> SMQPs feor ffeaposwtefc is "We FPNoo^JTe RU. my PgmaPifcs *F I UiON IT UKM-D LAY we*vy on rnrsj consaeMC£ SWKC. umej4 HRS coHSa&i4ce. pNKD
      54 words
Page thumbnail Page 8
  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Strike delays opening
      593 8 TOKYO Source: DBS Daiwa THE Tokyo stock rtiarket opened at 10 am yesterday because of the nationwide railway strike. The market started out firm over a broad front, but prices began to erode towards the close on relatively thin turnover. Supported by the rise on Wall Street,
      Source: DBS — Daiwa  -  593 words
    • Article
      Lock icon Hongkong
      398 8 Source: Sun Hung Kai Securities Ltd. THE market headed higher again yesterday morning, pushing through the 450 barrier on the back of Wall Street's renewed overseas buying Interest, the spate of takeover rumours, lack of Institutional selling order and investors taking a more active role since the gold slide.
      Source: Sun Hung Kai Securities Ltd.  -  398 words
    • Article
      Manila
      150 8 THE market closed mixed yesterday, with commercial averages advancing moderately while minings and oils declined, and turnover fell to 1.99 million pesos from Monday's 2.06 million. Atlas rose one point, Lepanto lost considerably and other mining issues were down or unchanged. Phil Overseas lost one point while other oil
      150 words
    • Article
      Bangkok
      140 8 APR IS Bahts Asia Fibre 248 -4 Bangkok Bank 377 +2 Bangkok Invest. 350 -10 Bangkok-Metro-politan Bank Bata BerllJucker 470 8 Carpet Intnl Charoong Thai Wire 287 -12 Dumex DusltThanl Faber Merlin First Trust Oenera Finance 350 -6 Indo-Thal Industrial Finance Corp 2505 -30 J And J Ho Jalaprathan
      140 words
    • Article
      Sydney
      11 8 THE Sydney Stock Exchange was closed yesterday for Anzac Day.
      11 words
    • Article
      Toronto
      233 8 SHARE prices closed higher in active trading on Monday, with the composite Index up 2Vt points and advances leading declines 245 to 182. Closing volume totalled 3,412,304 shares against 4,469,072 on Friday. APR 24 CS Abltlbt 12*. unch Alcan 30N Algoma 19% Bank Mont 20 unch Bank Nova Scotia
      233 words
    • Article
      Brussels high and lively
      538 8 FA R<)l >!■;.!:V MA /i'A7'.7N L A FRANKFURT share prices Pa r^f n a L eas 1 ch '«rty on £11 J bu *l n lnt erest and following the 2.5 per cent Sowth rate forecast for snnany this year by the country's five leading research
      538 words
    • Article
      Frankfurt
      213 8 APR 24 Dm Aef-Telefunken 8520 -0 5 Akzo 24 20B Allt Leben 615 unch AUz Vers 465 •1 BASF 136 -0 8 Bay H T Wbank 279 -3 Bay Vbank 300B Bayer 137.40 -0 4 BBC 286B BMW 214.10 Cassetia 361 -4 Chem Verw 233 -5 Commerzbank 226 20
      213 words
    • Article
      Amsterdam
      219 8 APR 24 Fls ABN MS.00 -4.5 Ahold 100 00 unch Akzo 28 00 ♦0.5 AMEV 83 80 unch Amfas 107 00 -3 Amrot Bank 75.10 -1 Bergoss 55 60 -o.a Berk 88 20 -1.3 Bo Is 69 70 -03 BorsumlJ 150 20 ♦0.2 Burhmann 6780 +0.1 Byenkorf 86 00
      219 words
    • Article
      Selected indices
      63 8 FINANCIAL TIMES INDUSTRIALS Monday 460.4 Friday 455.0 Week Ago 446.7 DOW JONES AVERAGE INDUSTRIALS Monday 826.06 Friday 812.80 Week Ago 810.12 LONDON DOLLAR PREMIUM Monday 106 to 106'/» Friday 107 to 107'/j H.K. HANG SENG Tuesday 455.09 Monday 448.82 Week Ago 441.18 SYDNEY INDUSTRIALS Tuesday closed Monday 409.87
      63 words
    • Article
      Paris
      277 8 APR 24 Frs CORBEILLE Alr-Dquide 3)0 uncr BSN Gervats Da none 500 +5 C S F < ThomsonCs t) 235 -2.9 Cie Francaise des Pelroles 128 00 -0.8 C'ompagnie Financier? Compagnie Gene rale 377 -5.5 Credit Foncier De France 334 •I Hachette (Ubralrle) 188 +0.2 Machines Bull 34 +0.1
      277 words
    • Article
      Jo'burg
      401 8 GOLD shares were quietly mixed to steady In very quiet trading following generally unchanged bullion indications on Monday. Financial minings were mixed in thin trade. In diamonds, De Beers gained five cents while Anamint rose 50 to 5,850 in sympathy. Other metals and minerals were slightly higher on balance.
      401 words
    • Article
      Zurich
      16 8 OWING to technical reasons, Credit Suisse was unable to send us the Zurich stock prices.
      16 words
    • Article
      Brussels
      92 8 APR U Frs FORWARD MARKET Acec 297 1-18 Arbed 2160 100 Astur 720 44 Brascan 468 +2 Bru-Lamb 1585 +20 Canpac S10 Cock 397 15 De Beers 155 unch Ebes 2455 unch Electrobel 6390 +50 Gb-Inno-Bm 2145 +30 Gev 1398 -2 Hobok 2560 15 Petro 4265 15 Ryl Dutch
      92 words
    • Article
      Milan
      99 8 APR 24 Lire Ante 9150 4-1.25 Assoc Gen ***** +20 Bastogi 406 ♦3 Central? 3430 +20 Fiat 1923 +3 F insider 77.25 -15 Gen Immob 75.50 -0.25 IFI Prl 2089 +24 Ilalcementt ***** -20 Italgas 630 ♦5 Italslder ***** -3 25 Magneti M Pf 443 -2 Marelll Ere 253
      99 words
    • Article
      CHICAGO BOARD OPTIONS
      1419 8 April 24 TRADING on the Chicago Board Options Exchange came to 147,692 contracts on Monday compared with Friday's 177,091. OPTION JLY OCT JAN STOCK Alcoa 40 41/4 5 UNTRD 44 Alcoa 45 1 11/16 23/8 3 44 Alcoa SO UNTRD 1/4 UNTRD 44 Am Tel 55 73/4
      1,419 words
    • Article
      Sharp rally
      1235 8 NEW YORK STOCK prices rallied sharply across the board, responding to a firmer dollar overseas and some favourable corporate earn* trigs reports on Monday. Analysts said the market was also advancing because of Its ability to withstand adverse news, particularly remarks by Federal Reserve Board chairman William Miller
      1,235 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      165 8 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 statistics
      165 words
Page thumbnail Page 9
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Delaying tactics over IBM anti-trust case
      395 9 NORTH AMERICAN COMPANIES Reuter INTERNATIONAL Busit&ss Machines Corp chairman Frank Cary said the US Justice Department is delaying the company's chance to present its defence in the nine year old anti-trust case against mCary said IBM is opposed to delay and has done everything
      Reuter  -  395 words
    • Article
      Lock icon Exxon's operational income lifted by dollar's weakness
      302 9 Reuter EXXON Corp said in reporting a 5.4 per cent rise in first quarter net income, the weakening of the dollar late in 1977 and during the first quarter of 1978 contributed to the rise in earnings from operations. Earnings come operations, excluding
      Reuter  -  302 words
    • Article
      Lock icon Kodak's record first quarter stuns even optimists
      400 9 Reuter LESS than 24 hours after Eastman Kodak Company reported its best quarterly profit gain In history, a number of Wall Street analysts began the task of re-evaluating the company's prospects for 1978 and beyond. Although analysts had said they expected' strong results
      Reuter  -  400 words
    • Article
      Lock icon Goodrich
      92 9 Reuter B.F. Goodrich Co said It agreed to sell 12.5 per cent of its 33.6 per cent interest in the Japanese firm, Yokohama Rubber Co, to a group of Yokohama rubber shareholders. Following the transaction, Goodrich said it will own 29.5 per cent of the total shares outstanding. Under
      Reuter  -  92 words
    • Article
      Lock icon Ford Motor
      96 9 Reuter FORD Motor Co said It added 36,000 cars and 13,000 trucks to Its second quarter North American production schedule, raising planned April-June output to a record 1.21 million, executive vice-president William Burke said. The US production pari of the revised schedule is 1.04 million cars and trucks,
      Reuter  -  96 words
    • Article
      Burmah Oil
      472 9 EUROPEAN COMPANIES AFTER reducing the firsthalf loss from £14.96 million to €1.35 million .Burmah Oil Company finished 1977 with a small pre-tax profit of £3.61 million compared with a deficit of £7.99 million in 1976. However, after tax of £10.23 million (£l.ll million), minority interests of £326,000 (£164,000),
      472 words
    • Article
      Lock icon ASIAN COMPANIES Canon expects flat turnover
      171 9 Reuter TOKYO: Canon Inc said it expects consolidated net profit and sales for 1978 to be virtually unchanged from the 1977 level because of the yen appreciation and worsening export circumstances. Canon reported a 33.5 per cent rise in consolidated net profit for 1977
      Reuter  -  171 words
    • Article
      Bougainville
      58 9 MELBOURNE: Bougainville Copper Ltd said its contained copper production rose to 49,726 tonnes in first quarter 1978 from 37.864 tonnes in the previous January/ March period. Gold output was 5,831 kilos (4,892) and silver output 12,411 kilos (9,606). Ore milled rose to 9.46 million tonnes from 7.07 million and
      58 words
    • Article
      Eurasbank makes good strides in S.E. Asia
      280 9 EUROPEAN Asian Bank has again achieved a strong expansion of its activities In South-east Asia as well as a very satisfactory Increase In profits in 1977. Net profit before tax totalled 14.6 million marks, up 28.1 per cent over 1976. This was largely
      280 words
    • Article
      Lock icon Nippon Shinpan
      124 9 Reuter BERLINER Handels und Frankfurter Bank (BHF Bank) said It. together with Dalwa Europe NV, Is preparing a convertible mark bond for instalment credit Institution, Nippon Shinpan Co, Ltd of Tokyo but gave no further details. A BHF Bank spokesman said Nippon Shinpan plans to introduce its shares
      Reuter  -  124 words
    • Article
      Lock icon Thai Zinc shares
      134 9 AFP BANGKOK: Whashin Industrial Corporation of South Korea may take over a large part of New Jersey Zinc's shares in Thai Zinc Ltd. Quoting a well Informed source, the local press said talks between the Korean company and Thai Zinc on this matter had already begun. Whashin
      AFP  -  134 words
    • Article
      Lock icon Dividend payment restricted
      103 9 Reuter MANILA: Benguet Consolidated Inc. will not pay cash dividends In 1978 and 1979 because of restrictions imposed by banks which have provided US$B5 million to finance the company's gold project, company president Jaime Ongpin said. The project would be on stream in late 1979 and he
      Reuter  -  103 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      312 9 FUNK&WAGNALLS lEW ENCYCLOPEDIA for the entire family t i i HISK .V HJNfc A 27v0 lu ,vaCn m i fun* f g p gS' 4 *y««. '<"* ,-OXLS W**MlS -\?JLZL«»« <—*••"« -J" w «w z> -o ZL <**> «*> <**>• l l -ffi* WIA *U* A'.ACNAi i s AW >
      312 words
Page thumbnail Page 10
  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1571 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 deal
      1,571 words
    • Article
      Government bonds
      136 10 5 1/4* 15/10/79 (250.000) (101.308 101.60S) 4 3/4% 15/9/80 (250.000) (100.208 100.255) 5% 15/4/81 (250.000) (100.658 100 80S) 5% T F 1/5/83 (250.000) (100.458 100.555) 5 3/4% T F IWBI-84 250.000) (102.855) 7 1/4* 15/4/86 (250.000) (100.70B) 7 1/4* 15/10/8 C (250,000) (100.70B) 7 1/4* 1/5/87 (250.000) (100.75B)
      136 words
    • Article
      Stock options
      113 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. Cold Storage (June $1.70) <0 508 0.585) C and C< June $2.20) (1.128 1.225). F
      113 words
  • Article
    Unit trusts
    155 10 SINGAPORE UNIT TRUST (Managers' price for April 2() INCOME BOND UNIT The Commerce 1 -97 209 (Curreat p rice*) The Saving Fund 114 Ml INCOME BOND 1 04 1.10 S'pore Prog Fund 0 94 0 99 Spore SecurHy Fund Spore invest Fund 182 193 1.16 1.23 MARA BUMIPUTRA
    155 words
  • Article
    SHARE INFORMATION SERVICE
    2458 10 1978 High Low Company Last Sale +orGr'» Div Div C'vr Gr'i Y'ld Net P/E Vol C000) Day High Low SECTION ONE INDUSTRIALS 181 213 137 225' 72W 265 183 336 422 152 132 123* 112 195* 60', 191 144 256 394 123 Acma Akom Allied Choc Bata
    2,458 words
  • Article
    In Kuala Lumpur
    1988 10 BID and offer prices official! listed and business In an< reported to the Kuala Lumpu Stock Exchange yesterday wit) the number of shares trade* shown in brackets in lots of 1.001 units unless otherwise spe clfied. INDUSTRIALS Ajinomoto (2.178) XALL Alcem <1 908 1935) <1) 1W XALL.
    1,988 words
  • Article, Illustration
    Spotlight on Tong Meng Industries
    894 10 SINGAPORE SUSTAINED buying of second line industrials pushed up the prices of these shares by as much as 27 per cent in selective trading on the Stock Exchange of Singapore yesterday. The level of activity was still high with 6.32 million units changing hands valued
    894 words
  • Article
    Prices move erractically
    582 10 ALTERNATING spells of strength and weakness characterised trading at the Kuala Lumpur stock market yesterday. The closing tone was barely steady with prices finishing off their day's best. An erratic trend reflected market operators' general uncertianty as to which way prices will lean. This uncertainty, however, was
    582 words
Page thumbnail Page 11
  • COMPANY NEWS
    • Article, Illustration
      S. Trading switches accounting method
      597 11  -  By ARTHUR NG AFTER a lapse of six years, Straits Trading Is proposing a scrip issue of.one-for-three which will raise its paid-up capital to $60 million However, the Issue may prove to be a disappointment to some investors who had expected a more generous handout
      597 words
    • Article
      DIVIDENDS ANNOUNCED
      724 11 Currant Ek Books Date Total for Total far G.E. Life A. Enterprise Talam Mine* payment i Date close payable the year previous yoar 22%<k) 10%<n) 5%(n) Apr 17 MarJJl Mar 31 Apr 24 Apr 12 Apr 12 Apr 27 Apr 28 Apr 28 33% 20% 15% 29% 20%
      724 words
    • Article
      SCRIP ISSUES
      266 11 Company Particulars Ex Date Books Close Dunlop (M) Ind. B«U (M) Berhad Consolidated Bonus Issue of 1 for 5 Bonus Issue of 1 for 3 Apr 18 Apr 20 Apr 28 May 3 Plantation* Kempas (M) Sime Darby Kramat Tin United Overseas Bonus Issue of 3 for 1
      266 words
    • Article
      MBF to receive sales proceeds
      138 11 MALAYSIA Borneo Finance (MBF), a subsidiary of Pacific Development Credit, is to receive the sales proceeds of 15 million San Imperial shares in settlement of a judgement debt awarded against Mr Choo Kim San, ex-chairman of San Imperial. The shares, which were registered in the
      138 words
    • Article
      Sungei Besi winds up
      119 11 SUNGEI Besl Mines Malaysia has advised that following the emigration to Malaysia of its whollyowned subsidiary, Sungei Besi Mines Limited (Sungei Besi), its members have passed a special resolution at an EOM on April 1 to wind up Sungei Besl, and the company took over responsibility
      119 words
    • Article
      UMW PROFIT IMPROVES
      81 11 UNITED Motor Works' (UMW) control of costs enabled It, despite lower sales, to improve profits for the year ended Dec 31, 1977. In reply to a KLSE query, UMW stated that they managed to Implement successfully stock reduction programmes, improve liquidity, reduce financial expenses and contain rising
      81 words
    • Article
      CMC
      31 11 C M C (Pte) Ltd; whose director Mr M C Chuang, is also a chairman of Allied Chocolate, has Informed the KLSE of its purchase of 40.000 Allied Chocolate shares.
      31 words
    • Article
      Pahang Cons moving
      35 11 PAHANG Consoiidated has informed the KLSE that the address of its head office has been changed to the 10th floor of Bangunan Dato Zainal In Jalan Melaka, Kuala Lumpur since April 15.
      35 words
    • Article, Illustration
      Downturn at Dunlop Estates inevitable
      750 11  -  By SUSAN THAM AFTER achieving record profits and turnover for the second time around in the 1977 financial year, Dunlop Estates feels that "a fall In profits" from the high levels reached previously seems inevitable in the current year. As pointed out by its chairman
      750 words
    • Article
      Yule Catto goes the NEP way
      298 11 YULE CATTO Ltd. has hived off its plantation interests in Malaysia by forming a new company, Yule Catto Plantations Sdn Bhd. This has acquired the British company's entire plantation Interests. Yule Catto advisers Pertanian Baring Sanwa Merchant Bankers said formal approval for the move
      298 words
    • Article
      Cash alternative for JM shareholders
      341 11 JARDINE Matheson Holdings' proposal of a capital reconstruction in Jardine Matheson (SEA) is to remedy a situation which could be prejudicial to its shareholders, for while JM (SEA) Is at present dependent on it for support, it owns only 59 per cent of the latter.
      341 words
    • Article
      TIN OUTPUT MARCH
      75 11 Tonnes Aokam 111 fl9 Austral Amalgamated Ayer Hitam Tin Berjuntai 44R M Gopeng Consolidated Honakona Tin 11 Idrie Hydraulic Jack Cilia Mining Kamuntina Tin 99 QT Killinahall 2TZ1 Kinta Kellas Tin Kramat M 7« Kuala Lumpur Lower Perak 29 AS Malayan Tin ....J 236.11 Malaysian Tin Penakalen
      75 words
    • Article
      COMPANY MEETINGS
      258 11 City Developments Ltd: AGM to be held at 24th Floor, Hong Leong Building, 16, Raffles Quay, at 10.00 a.m., on April 27. Great Eastern Life Assurance Co. Ltd: AGM to be held at Conference Room OCBC Centre, 19th Floor, Chulla Street, at 11.30 a m on April 27
      258 words
    • Article
      Kima application is under scrutiny
      174 11 MARA Is considering an application by Klma its textile factory for Mss million to expand its production of lawn cloth. Deputy Public Enterprises Minister Datuk Hall Mus tap ha Jabar said, "this is In view of the demand by customers for the material." He said
      174 words
    • Article
      OLYMPIA SHARES
      44 11 OLYMPIA Plywood and Timber Products has issued to Malaysian Industrial Development Finance 345,000 ordinary shares of $1 each. This is part of the 1970 debenture agreement which provides for the conversion of MIDF's loan to the company into the said ordinary shares.
      44 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      176 11 WOLSEY HALL'S PROFESSIONAL and BUSINESS COURSES direct from FEDERAL PUBLICATIONS HOME STUDIES DIVISION PROFESSIONAL EXAMINATION COURSES BUSINESS COURSES Institute of Admm.strat.ve Management An Introduct.on to Business Stud.es Institute of Bankers Business Management Institute of Chartered Secretar.es and Commerc.a' Comput.nq Administrators (Courses for the new 1975 examination syllabus available soon) Institute
      176 words
Page thumbnail Page 12
  • Article
    Tokyo firm wins $156m PWD deal
    287 12  -  By TERESA LIM THE PUBLIC Works Department has awarded a 5155.9 million contract to a Japanese firm for the construction of the main passenger terminal building at Changi International Airport. The contract, one of the largest by the PWD, was awarded to Takenaka Komuten
    287 words
  • Article
    Lock icon India may sell 70 tons of gold
    293 12 Reuter A WELL-lnformed London bullion market source said India is expected to sell 70 tons, or 2.24 million ounces, of gold on Its domestic market in seven fortnightly auctions. Indian Reserve Bank deputy governor M. Ramakrishnayya declined to disclose the amount to be
    Reuter  -  293 words
  • Article
    Lock icon STAGE SET FOR TWO TO MEET
    285 12 AFP PRESIDENT Carter and Japanese Premier Takeo Fukuda will review the overall world political and economic situation when they meet in Washington on May 3. A Japanese government spokesman said yesterday Mr. Fukuda and US Ambassador to Japan, Mike Mansfield, have agreed that there
    AFP  -  285 words
  • Article
    LONDON STOCKS
    735 12 LONDON. Tues. Government stocks lost up to 3/4 of a point following the weakness of sterling and fears of an Increase next week In the minimum lending rate, dealers said. Leading equities closed quiet steady and at 3.00 pm the Financial Times Index was up 1.8 at 462.2.
    735 words
  • Article
    Lock icon Dollar turbulence expected to ebb
    847 12 GROWTH GAP NARROWING Reuter THE EXPECTED reduction in the divergence between economic developments in the US and Its Western trading partners should help calm dollar turbulence on the foreign exchange market this year, the spring economic report of Germany's five leading economic Institutes says. Real
    Reuter  -  847 words
  • Article
    Lock icon America will be more reliant on imported oil
    606 12 Reuter UPI THE UNITED States will grow more dependent on foreign oil during the next 12 years. It will Import over half of its oil throughout most of the 1980s despite unprecedented conservation, Exxon officials said on Monday. The new Exxon figures
    Reuter; UPI  -  606 words
  • Article
    Lock icon Liberalising Japan's rigid rate structure
    312 12 Reuter THE BANK of Japan believes it is desirable to liberalise Japan's rigid interest rate structure, taking advantage of the government's current need to issue large amounts of national bonds. Bank officials said the breakthrough should be made by giving flexibility to terms of national
    Reuter  -  312 words
  • Article
    Lock icon Thais' top trade partner in Asean
    109 12 AFP SINGAPORE is Thailand's top trading partner In Asean, Thai Counsellor to Singapore, Sunai Dhapway, revealed in Bangkok yesterday. Predicting further growth In bilateral trade, Mr. Sunai noted that last year Thailand exported 4,504 million baht (SSSIB million) worth of goods to the Republic
    AFP  -  109 words
  • Article
    Risk of premature cut-off in aid
    696 12 MIDDLE-lncome developing countries still need the help of the Asian Development Bank. If such assistance is prematurely removed while these countries are, undergoing the transition to development, they will easily collapse'when faced with economic turmoil. This was underlined by the Senior Minister of State
    696 words
  • Article
    GIVE MORE GRANTS
    95 12 BRITAIN yesterday sugges- i ted that Asian countries i should receive more out- i right grants as opposed to low interest rate loans for development projects. x Mr Christopher Fogarty, deputy secretary at the British Ministry of Overseas Development, told the 11th annual board meeting of the
    95 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      357 12 LEADER PAGE 6 FROM FEDERAL PUBLICATIONS LiM til AN YAM I fok IP 1 i 1 vVs \WvJ a step-by-step guide An easy-to-understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger of even the veriest
      357 words
Page thumbnail Page 13
  • Article
    SHIPPING TIMES
    3289 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping Line involved, and the estimated dates of arrival and departure from Singapore port t Consortiums Scan Dutch hu a Joint
    3,289 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      376 13 THE BEST AND FASTEST MY TO THE USA IS MAERSK UNE SINGAPORE *****46 K. LUMPUR ***** PENANG *****1 P. KELANG *****0 s SHIPPING Seatrain ,neslnc <USA) Trans-Pacific Service i Fun Container To USA I FEEDER VSt SPORE SulriHi train Concord V-47 i* GUlf f_£ 14/5 JO/5 I/« 9/S 12/fi X"
      376 words
    • Advertisement
      Page 13 Advertisements Column 2
      419 13 I LDC SAGASIA PTE LTD LOUIS DREYFUS GROUP OF COMPANIES AGENTS FOR:\lsi OCEAN LINE REGULAR NON-CONFERENCE SERVICE FAR EAST TO PERSIAN GULF S'PORC MUM 10A0IK6 F0«. M.» OCEAN GLORY Jfltty HarcdN/KMrrnwAalir/ ■»>- SSSZm. C«tlin| Kuwait Subject Inducement 'waani? lU WWfCT T0 ,OUCf,,£ ,T ro colombo/bombay ail owned modem SUR ACfNTJ
      419 words
    • Advertisement
      Page 13 Advertisements Column 3
      366 13 n 1+) EVERGREEN LINE RED SEA, MEDITERRANEAN SEA SERVICE rue. n mK[ LOADING FOR: MAV 5 PORT SAID, LIMASSOL. toy. 15-4W BENGHAZI. JEDDAH "oy lS M TE ,U l26 JEDDAH, PORT SAID, LIMASSO GENERAL AGENTS: CHIP SENG COMPANY PTF irn GENERAL AGENTS: CHIP SENG COMPANY PTE. LTD 131, ROBINSON ROAD,
      366 words
    • Advertisement
      Page 13 Advertisements Column 4
      452 13 SHARJAH SHIPPING CO. LTD *0 > xi 1 *Xr* (UNITEO ARAB CWI RATE S > gulf pearl GULP PROSPERITY m Sport IS/ II Mat 7/10 Ray P Aelang Penang 11/21 May Loading for Mai/Ate Dkati Nadra, Iwti, fIHU SHIPPinG un€ (UNITED ARAB EMIRATES) S port P KHaflf Ptnaag 4/7 turn
      452 words
    • Advertisement
      Page 13 Advertisements Column 5
      86 13 FORTNIGHTLY TO IDDLE EAST LAND on KrticcMTio container service BOOKING TEL *****22 NOTICES M.V. CHIDAMBARAM VOY. 96 SAILING 28.4.78 EMBARKATION NOTICE Saloon Dorm/Bunk Class Passengers 1.00 p.m. to 3.00 p.m. All passengers must be on board by 2.90 p.m. at the Heavy and excess baggage should be forwarded for Lo
      86 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      742 14 SHIPPING IF Hapag-Lloyd FULLY CONTAINERISED TO EUROPE IHtflt Kon( CiprtU KwtMii Bay Kawp Mara C*» *1 Etfmburf Kamakura Man Brtnwn Eiprai EXPRESS CONVENTION TO EUROPE S'part PManf Ptn B'lana Gtnoi H burj B'liavtn Rdam I* Mai Kick men 11/5 FULLY CONTAINERISED TO USA/CANADA fmtm P Katani Span HK Mambn* HK
      742 words
    • Advertisement
      Page 14 Advertisements Column 2
      812 14 £3 SANKYO LINE| AUSTRALIA SERVICE P. Keiant Sinpport Lwdmi tar KYOTEN MAMJ 28/2* A* 30 Apr/1 May Ftt, ADEI, MEL, STO MAY BREEZE 14/15 May 12/13 May BRIS. SYO. MEL SEA BLOOM 25/28 May 27/21 May *OEL MEL SYO. BANGLADESH SERVICE MAY BREEZE 30/30 Apr 27/25 Apr CHITTAGONG, CHALNA general
      812 words
    • Advertisement
      Page 14 Advertisements Column 3
      488 14 SEA .LAND 40TH FLOOR HONG LEONG BIDG 16 RAFFLES QUAY SINGCFORE 1 Cujlomfi Service Booking 2225??? Terminal ?570"»53 *****37 FULLY CONTAINERISED SERVICE Go one better to the Middle East PRIORITY BERTHING I DISCHARGE AT ALL PORTS THULEUMD COLOMBIALANC KOBE YOKOHAMA KAOSHIUNG JEDDAH 12 JUNE 12 JULY DUBAI 19 JUNE 191UIY
      488 words
    • Advertisement
      Page 14 Advertisements Column 4
      988 14 E\ 'erett Lines Burm Ftrt Star Shippwf Corpn. "BURMESE NATIONAL LINE OADING FOR RANGOON Smgapc BFS S C Agents »n Malaysia TEPS MALAYSIA Port Keloog Tel (38) 7355 Peooog Tel 62 Ul/***** PAMPA ARGENTINA 4/5 ton «/7 Jan l/thw Tr«mportidon Marrtima Mtxicsm S. A. V l "MEXICAN NATIONAL LINE" FAR
      988 words
    • Advertisement
      Page 14 Advertisements Column 5
      548 14 JARDINE ANTAH A A Orient Overseas Go*vUu*teA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) MERCATOR6N Ml »e»els call Bremtfhavtn after Hamburg FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) FULLY CONTAINERISED TO/FROM US NEST/EAST COASTS. PNW (STRAITS CARGO VIA FEEDER TO/FROM HONG KONG) I*. COmUNOCI 6E 1«/3 au/s iu/b iz/b
      548 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      1026 15 HCL Overseas Containers Limited H'burg Brem. R'dam Havre S'ton P. Kelanj S'pore Ntit PtrtS: City ef E'kargk SliM Sailel Suit! Mr TK, KB. biv Mara UM Stilt! SaiM SailH II MrN ««r HK, KS. laatan Mara StiM WN Sailed 3 May 5 May HK KS Inatllnr SaiM SaiM Slilli tulll
      1,026 words
    • Advertisement
      Page 15 Advertisements Column 2
      971 15 Ben Ocean Ajcrtaernoe of lien Ijn&BteßKinel (Jen line and NSMD T» *K/C*NTIHENT (Vto Sans) Japan. I STRAITS SRtPPIM PTE. ITS. 41**71. KUALA LUMPUR UN LINE HUHIB *****/2*617. •<SaM«t to STRAITS IXniM CONTAIMBB MBVICI Luting tor Hew Tart, Eut Caatt ate Gaff parti I» Mill Maari*p. L« Apples, Saa f nausea
      971 words
    • Advertisement
      Page 15 Advertisements Column 3
      903 15 05* BEN LINE CONTAINERS LIMITED nmt. h tun BtuytH ram mm soton marCi m. Gerawny /Aaitna hMiu Franca Ml UK Bull iiirii Dest. i P Helen; S pore Far City of r*w«» UilH MM SailM Wk a Apr TK. M SaiM SaiM SaiM SiM SaiM n Inn NK. Taa Uuu'i
      903 words
    • Advertisement
      Page 15 Advertisements Column 4
      885 15 Scan Dutch V EXPRESS CONTAIN VICE VIA SUEZ FiHtr from P. UIMt Vtsstl niiKtiu a/ 4 uniui ruicttu I IV TUMI A (UIMU 11/ I Ml. Kin nucttu Ml 1 SI LAMIA nuwcncA v himn Sim U Mpoillts 2 Rom S Hkvi 4) am 1/s iv i iv 1 a/i
      885 words
    • Advertisement
      Page 15 Advertisements Column 5
      448 15 GUTHRIE BOUSTEAD SHIPPIN< AGEMCIE S SINGAPORE *****4 PT K.ELANG 3863C1 KUALA LUMPUR *****1 PEMANG *****1 REGBLAI INDEPENDENT SEIVICE FESCO LINES FESCO STRAITS PACIFIC LINE FH PACIFIC NORTR t SnmWIST: mm, Sp r* ar MV A. CHERNOV Mar 11/15 Mar It/It May U/n Mar 24/27 MV HHan Mt? 2/ S May
      448 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      989 16 "K" LINE FUU.Y CONTAINERISED SERVICE TO EUROPE (VIA SOU) S'port P. Kelang L Havre Wburf Bremet chevalier ran tow NEPp* CORAL TV NEPTWE PURL nr CHEVALIER ROZE 29 Apr 21 Ml| 21 Mi? 23 May 24 Ma S May 21 May 21 May 29 May 30 Ma II May I
      989 words
    • Advertisement
      Page 16 Advertisements Column 2
      1103 16 E. C. -U.S. A. ATLARTIC/6ULF SERVICE ACCEPTING fa/LCt CONTAINERS FOOM S PONE. t KM* luli« Mr: NORFOLK, MEN TOOK. NEW ORLEANS, HOUSTON. P Kelang Belawan "VISNVA MAYA" (NASA 22 SCI) IS/1* MAY 10/20 May 11/11 n/M E.C./ GREAT LAKES SERVICE liatfrag trn: NORFOLK, NEW row, MONTHAI. TORONTO. ASHTABULA, DETROIT. CRICAS
      1,103 words
    • Advertisement
      Page 16 Advertisements Column 3
      1236 16 NEPTUNE ORIENT UNES LTD •FULLY CONTAINERISED SERVICES: TO EUROPE (VIA SIEZT CHEVALIER PAUU NEPTUNE CORAL NEPTUNE PURL CHEVALIER ROZE HONGKONG CONTAINER NERCATOR S pore P. Kelang S'hampton H'burg A#r 21 Apr II May 21 M*j M Mar 5 May 22 May 21 May 21 May M May 'May tl May
      1,236 words
    • Advertisement
      Page 16 Advertisements Column 4
      591 16 MALAYSIAN INTERN ATtONAL SHIPPING CORPORATION BERHAO HL KL *****4. EXPRESS FULLY CONTAINERISED SERVICE TO/FROM M ED/UK/CONTINENT/SCANDINAVIA VIST lOUW Alia Itctftilf frtm 1) Mala* stecu*i» Nel».aa<, 2) Cnm<hii 1) Man. 4) iitnn. Aasterpaa. UK. 1) Inn lctm> Also Kcrit.if cuji to NM|*M| 1 MM. EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT ■unci unions
      591 words
    • Advertisement
      Page 16 Advertisements Column 5
      812 16 INTRASEA (PTE) LTD .»h«" House --.f Ro.i'l S'f-J.cx <•» H T rlephont .>*<*> 1 vi 4( «> IE MUX INDEPENDENT SOII/FIU. CONTAINER SERVICE T» EBNTE S pot P. Mlinf Penan| Ullal Mr: M.V. LW VINAY 21 Art Part >>M«»/rtM/r*Ml. M.V. BELVAL 4 May M-M.ltMTt**/**"/ (Com. SHIP) litlS ATNENIC II Mar
      812 words