The Business Times, 26 April 1978
1978-04-26
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The Business Times
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Title Section11 1978-04-26 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, APRIL 26, 1978 50 CENTS11 words
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BRIEFLY...
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Article71 1978-04-26 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, stoodAFP - 71 words
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Article68 1978-04-26 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 projects68 words
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Article65 1978-04-26 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 andReuter - 65 words
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Article65 1978-04-26 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 andReuter - 65 words
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Article93 1978-04-26 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 theReuter - 93 words
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Article36 1978-04-26 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
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Article31 1978-04-26 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. ReuterReuter - 31 words
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Article37 1978-04-26 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
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Chief Price Changes
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Article124 1978-04-26 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 OCBC124 words
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Article, Illustration169 1978-04-26 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 3.22169 words
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Article933 1978-04-26 1 COLIN CHEE - 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. Ademar933 words
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Article244 1978-04-26 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 Central244 words
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Article, Illustration620 1978-04-26 1 TOH THIAN SER - 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 speculative620 words
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250 1978-04-26 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 effective250 words
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561 1978-04-26 1 SIVA ARASU - •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 for561 words
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Page 1 Advertisements
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Advertisement30 1978-04-26 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 pm30 words
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Advertisement47 1978-04-26 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 tPU47 words
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Advertisement68 1978-04-26 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. CROSSWORDS68 words
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Advertisement222 1978-04-26 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 most222 words
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TRADE AND INDUSTRY
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507 1978-04-26 2 RONNIE LIM - 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 is507 words
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Article, Illustration321 1978-04-26 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 Asian321 words
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Article431 1978-04-26 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 InvestmentReuter - 431 words
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Article193 1978-04-26 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 onReuter - 193 words
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205 1978-04-26 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 in205 words
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Article133 1978-04-26 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 areaAFP - 133 words
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Article40 1978-04-26 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
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586 1978-04-26 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 promoteAgencies - 586 words
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Article115 1978-04-26 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 USUPI - 115 words
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Article83 1978-04-26 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
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Article483 1978-04-26 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 has483 words
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Article149 1978-04-26 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 tunaAP - 149 words
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Article290 1978-04-26 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 Hilton290 words
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Page 2 Advertisements
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Advertisement54 1978-04-26 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 Lee54 words
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Advertisement92 1978-04-26 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 For92 words
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Page 2 Miscellaneous
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Miscellaneous693 1978-04-26 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 Bells693 words
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OVERSEAS
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661 1978-04-26 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 GreenspanReuter; NYT - 661 words
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359 1978-04-26 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 conferenceAP - 359 words
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Article102 1978-04-26 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 purchasedAP - 102 words
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231 1978-04-26 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 theReuter - 231 words
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WORLD IN BRIEF
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Article533 1978-04-26 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 againstAgencie - 533 words
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Article178 1978-04-26 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
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849 1978-04-26 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 theReuter; NYT - 849 words
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190 1978-04-26 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 the190 words
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Page 3 Advertisements
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Advertisement32 1978-04-26 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
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RAW MATERIALS
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Article492 1978-04-26 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 morning492 words
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Article329 1978-04-26 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 25329 words
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Article179 1978-04-26 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 222179 words
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Article30 1978-04-26 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
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Article358 1978-04-26 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 down358 words
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Article432 1978-04-26 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 this432 words
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Article275 1978-04-26 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 of275 words
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Article198 1978-04-26 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 for198 words
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Article172 1978-04-26 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 pet172 words
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Article284 1978-04-26 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 250284 words
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Article63 1978-04-26 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 to63 words
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Article73 1978-04-26 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 fluctuated73 words
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Article211 1978-04-26 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 25211 words
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Article193 1978-04-26 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 (per193 words
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Article229 1978-04-26 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 with229 words
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Article92 1978-04-26 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 a92 words
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Article333 1978-04-26 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 physical333 words
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Article174 1978-04-26 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 attributed174 words
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Article497 1978-04-26 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 $12,734 during the day. Trading during the day was active. In the loco London market, the metal opened at U*****.90/168.20 and closed at U*****.80/168.10. The497 words
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MONEY AND EXCHANGE$
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Article448 1978-04-26 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 to448 words
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Article67 1978-04-26 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 the67 words
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Article165 1978-04-26 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 7/8165 words
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Article51 1978-04-26 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 Discount51 words
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Article97 1978-04-26 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
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Article47 1978-04-26 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 9130/4547 words
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Article75 1978-04-26 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 Kr75 words
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Article203 1978-04-26 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 selling203 words
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Article210 1978-04-26 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, although210 words
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Article114 1978-04-26 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 from114 words
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Article156 1978-04-26 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 Monday156 words
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Article404 1978-04-26 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 stg404 words
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Page 4 Advertisements
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Advertisement35 1978-04-26 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 335 words
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TRANSPORT
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650 1978-04-26 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 upReuter - 650 words
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Article157 1978-04-26 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 aboveUPI - 157 words
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Article, Illustration327 1978-04-26 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) 1/2327 words
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962 1978-04-26 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 and962 words
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Article1147 1978-04-26 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 Panama1,147 words
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Article221 1978-04-26 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-oilUPI - 221 words
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Article133 1978-04-26 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 beenReuter - 133 words
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Article751 1978-04-26 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 BKK751 words
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Page 5 Advertisements
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Advertisement251 1978-04-26 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 92251 words
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Article340 1978-04-26 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 suggest340 words
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Article456 1978-04-26 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 proposals456 words
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Article, Illustration1652 1978-04-26 6 TSANG SAU YIN - 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 local1,652 words
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Page 6 Advertisements
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Advertisement670 1978-04-26 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) open670 words
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Page 6 Miscellaneous
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Miscellaneous62 1978-04-26 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 Rainfall62 words
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Miscellaneous282 1978-04-26 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 Snakes282 words
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651 1978-04-26 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 austerityNYT. - 651 words
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Article, Illustration2078 1978-04-26 7 SIVA ARASU - 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 name2,078 words
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Article, Illustration528 1978-04-26 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 was528 words
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892 1978-04-26 7 RUSSELL BAKER - 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 is892 words
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Page 7 Advertisements
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Advertisement308 1978-04-26 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, Singapore308 words
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Page 7 Miscellaneous
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Miscellaneous54 1978-04-26 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. pNKD54 words
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INTERNATIONAL STOCK MARKETS
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Article593 1978-04-26 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
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Article398 1978-04-26 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
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Article150 1978-04-26 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 oil150 words
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Article140 1978-04-26 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 Jalaprathan140 words
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Article11 1978-04-26 8 THE Sydney Stock Exchange was closed yesterday for Anzac Day.11 words
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Article233 1978-04-26 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 Scotia233 words
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Article538 1978-04-26 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 research538 words
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Article213 1978-04-26 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 20213 words
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Article219 1978-04-26 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 00219 words
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Article63 1978-04-26 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 409.8763 words
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Article277 1978-04-26 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 +0.1277 words
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Article401 1978-04-26 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
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Article16 1978-04-26 8 OWING to technical reasons, Credit Suisse was unable to send us the Zurich stock prices.16 words
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Article92 1978-04-26 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 Dutch92 words
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Article99 1978-04-26 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 25399 words
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Article1419 1978-04-26 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 73/41,419 words
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Article1235 1978-04-26 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 Miller1,235 words
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Page 8 Advertisements
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Advertisement165 1978-04-26 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 statistics165 words
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INTERNATIONAL COMPANY NEWS
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395 1978-04-26 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 everythingReuter - 395 words
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302 1978-04-26 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, excludingReuter - 302 words
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400 1978-04-26 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 resultsReuter - 400 words
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Article92 1978-04-26 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. UnderReuter - 92 words
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Article96 1978-04-26 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
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Article472 1978-04-26 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
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171 1978-04-26 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 1977Reuter - 171 words
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Article58 1978-04-26 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 and58 words
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280 1978-04-26 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 largely280 words
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Article124 1978-04-26 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 sharesReuter - 124 words
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Article134 1978-04-26 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. WhashinAFP - 134 words
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Article103 1978-04-26 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 heReuter - 103 words
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Page 9 Advertisements
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Advertisement312 1978-04-26 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
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DEALS DONE ON THE SES AND KLSE
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Article1571 1978-04-26 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the world ••sett" Big Board deal1,571 words
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Article136 1978-04-26 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
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Article113 1978-04-26 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). F113 words
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Article155 1978-04-26 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 BUMIPUTRA155 words
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Article2458 1978-04-26 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 Bata2,458 words
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Article1988 1978-04-26 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
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Article, Illustration894 1978-04-26 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 valued894 words
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Article582 1978-04-26 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, was582 words
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COMPANY NEWS
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Article, Illustration597 1978-04-26 11 ARTHUR NG - 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 handout597 words
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Article724 1978-04-26 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
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Article266 1978-04-26 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 1266 words
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Article138 1978-04-26 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 the138 words
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Article119 1978-04-26 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 responsibility119 words
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Article81 1978-04-26 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 rising81 words
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Article31 1978-04-26 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
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Article35 1978-04-26 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
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Article, Illustration750 1978-04-26 11 SUSAN THAM - 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 chairman750 words
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Article298 1978-04-26 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 move298 words
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341 1978-04-26 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
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Article75 1978-04-26 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 Penakalen75 words
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Article258 1978-04-26 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 27258 words
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174 1978-04-26 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 said174 words
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Article44 1978-04-26 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
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Page 11 Advertisements
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Advertisement176 1978-04-26 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) Institute176 words
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Article287 1978-04-26 12 TERESA LIM - 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 Komuten287 words
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Article293 1978-04-26 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 beReuter - 293 words
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Article285 1978-04-26 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 thereAFP - 285 words
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Article735 1978-04-26 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
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847 1978-04-26 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. RealReuter - 847 words
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606 1978-04-26 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 figuresReuter; UPI - 606 words
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312 1978-04-26 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 nationalReuter - 312 words
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109 1978-04-26 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 RepublicAFP - 109 words
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Article696 1978-04-26 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 State696 words
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Article95 1978-04-26 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 the95 words
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Page 12 Advertisements
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Advertisement357 1978-04-26 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 veriest357 words
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Article3289 1978-04-26 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 Joint3,289 words
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Page 13 Advertisements
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Advertisement376 1978-04-26 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
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Advertisement419 1978-04-26 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 ACfNTJ419 words
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Advertisement366 1978-04-26 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
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Advertisement452 1978-04-26 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 turn452 words
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Advertisement86 1978-04-26 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 Lo86 words
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Page 14 Advertisements
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Advertisement742 1978-04-26 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* HK742 words
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Advertisement812 1978-04-26 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 general812 words
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Advertisement488 1978-04-26 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 191UIY488 words
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Advertisement988 1978-04-26 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" FAR988 words
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Advertisement548 1978-04-26 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/b548 words
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Page 15 Advertisements
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Advertisement1026 1978-04-26 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 tulll1,026 words
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Advertisement971 1978-04-26 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 nausea971 words
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Advertisement903 1978-04-26 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'i903 words
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Advertisement885 1978-04-26 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/i885 words
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Advertisement448 1978-04-26 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 May448 words
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Page 16 Advertisements
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Advertisement989 1978-04-26 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 I989 words
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Advertisement1103 1978-04-26 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. CRICAS1,103 words
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Advertisement1236 1978-04-26 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 May1,236 words
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Advertisement591 1978-04-26 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 unions591 words
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Advertisement812 1978-04-26 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 Mar812 words
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