The Business Times, 27 April 1978
1978-04-27
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The Business Times
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Title Section11 1978-04-27 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURSDAY, APRIL 27, 1978 50 CENTS11 words
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BRIEFLY...
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Article70 1978-04-27 1 Reuter MANILA, Wed. The Industrial complementation programme of Asean would only cover corporations which are at least 51 per cent owned by nationals of member countries. Philippine Industry Secretary Vicente Paterno chairman of the Asean Committee on Industry, Minerals and Energy, told the Times Journal newspaperReuter - 70 words
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Article64 1978-04-27 1 Reuter PARIS, Wed. Concerted expansion of total domestic demand by members of the Organisation for Economic Cooperation and Development could add 1.14 per cent to their overall gross national product growth. An OECD secretariat computer stimulation shows a one per cent stimulus of QNP by the five countriesReuter - 64 words
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Article59 1978-04-27 1 AP PARIS Wed. The French government today announced sharp rises In electricity, cooking gas, rail, coal and tobacco prices which analysts predicted would push inflation again over 10 per cent this year. Premier Raymond Barre, said they were "considerable, but inevitable" If the government was to meet ItsAP - 59 words
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Article46 1978-04-27 1 Reuter MANILA, Wed. A cable system linking the Philippines and Singapore will be operational by July this year. The laying of the cable was agreed to by President Marcos and Singapore Prime Minister Lee Kuan Yew during his official visit here last year. Daii4a»Reuter - 46 words
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Article90 1978-04-27 1 AP TOKYO, Wed. Prime Minister Fukuda warned today that world economic chaos, if unresolved, could lead to political chaos and he asked the United States and Europe to cooperate with Japan in preventing this. Looking ahead to his second meeting with President Carter in Washington on May 3AP - 90 words
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Article34 1978-04-27 1 AP HONOLULU, Wed. President Carter's defence budget proposals would reduce the nation's chances of winning a major war from one-in-three to one-in-five, says retired Admiral Elmo Zumwalt, former chief of naval operations. APAP - 34 words
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Article42 1978-04-27 1 Reuter PANAMA CITY, Wed. More than 40 ships are held up at the Panama Canal following a collision Involving a petrol tanker on April 7. The Panama Canal Company said traffic should be back to normal by the weekend. ReuterReuter - 42 words
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Article111 1978-04-27 1 UPI NEW YORK, Wed. After a slight profit-taking dip at the outset, stocks turned mixed early today following the government's report of a US$2.7B billion March trade deficit, nearly 52 billion less than February's figure. Trading was heavy as the Dow Jones Industrial average, off about a pointUPI - 111 words
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Chief Price Changes
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Article127 1978-04-27 1 Rises Most active Hong Leong 334 +26 Sin Chew 279,000 G E Life 1100 +20 CAC 238.000 Berjuntai 730 +20 Pahang Cons 192,000 Guinness 585 +20 SPPL 166,000 L'td Malacca Public Textile CAC 420 80 340 16 10 +8 Total Turnover: 5.87 m Total Value: $10.67 m127 words
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Article, Illustration163 1978-04-27 1 Rises Most active Castlefleld 11.80 .50 Pahang Cons 424,000 SgBesi 5.45 .15 Msla Rice 387.000 D Keramat 8.50 .15 A P I 325.000 L td Mai 4.30 .10 U M Works 303,000 M Tobacco 6.50 .10 Kemayan 2.05 .08 Total Turnover: 6.00 m Yeo HS 2.90 .08163 words
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Article572 1978-04-27 1 SOH TIANG KENG - REQUEST TO ISSUE CD By SOH TIANG KENG BANKS in Singapore and elsewhere are watching the Japanese Finance Ministry's next move in handling Citicorp's controversial application to float the first-ever certificate of deposit on the Tokyo market. If approval is given, it will set572 words
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Article281 1978-04-27 1 THE SINGAPORE Bus Service's offer of 20 million shares at par value to the general public Is scheduled to take place tomorrow. But It Is not known how many of these will be reserved for Its employees. Lead underwriters for the issue will be Development Bank of281 words
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Article75 1978-04-27 1 Reuter THE 43-nation Asian Development Bank yesterday ended Its 11th annual board meeting In Vienna with a stern rejection by its president of US attempts to block aid to countries which violate human rights. Bank president Tarolchl Yoshlda said the bank was mandated solely to stimulate economicReuter - 75 words
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845 1978-04-27 1 HAW PAR Brothers International Ltd yesterday won its appeal against the Judgment of the High Court which last November dismissed the company's petition for a court order to allow it to reduce its share premium account from $61,288,789 to $2,349,413. Almost immediately,845 words
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195 1978-04-27 1 TWO-WAY trade between Singapore and South Korea Is likely to double from $500 million last year to billion in the next decade, said opt-golng Korean Ambassador Lee Kew Sung, yesterday. He pointed out that the bilateral trade had increased by about 45 per cent since195 words
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342 1978-04-27 1 THE STOCK Exchange of Singapore has declared the •hares of plaatica manufacturer, Associated Plaatica Industries (API), "designated securities." Under this ruling, trading in the shares will be restricted to dealings on an immediate basis with effect from 10 a.m. today. The SES342 words
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406 1978-04-27 1 COLIN CHEE - ■y COLIN CHEE THE MITSUI Bank's US$2O million floating rate negotiable certificate of deposit Issue, announced barely two weeks ago, has been over-subscribed. Describing the issue as a success, Mr. Mitchell Shivers, vice-president of Merrill Lynch International Asia, the lead managers, said it is406 words
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Article122 1978-04-27 1 UPI AMERICA'S trade deficit with the rest of the world declined last month to US$2.B billion (SSB.6 billion) from a record $4.5 billion in February, the Commerce Department reported today. It said exports rose 10 per cent In value In March to $10.9 billion, while Imports fell 5.2UPI - 122 words
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Page 1 Advertisements
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Advertisement79 1978-04-27 1 Information for busy executives ■v- <= a fc«Jt ?&>* a as a= R s i m ciers, investors, shippers ASEAN BUSINESS QUARTERLY I I Please send copies of ASEAN Business Quarterly *ISSIO per copy. My cheque for SS is attach«d. 11 am interested in receiving ASEAN Business Quarterly regularly I79 words
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Advertisement74 1978-04-27 1 mm. POINTERS for electronic* industry 2 PEOPLE in business 2 BETHLEHEM's rig building strategy pays 5 SINGAPORE a tourist beach-head 6 LETTER from America John Tan 6 SHIPPING TIMES FORUM: Calm returns to Indonesia HOW to motivate your salesmen DRAG on Setron's earnings CHEERS at Car Is berg SHIPPERS reject74 words
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Advertisement162 1978-04-27 1 %&^\,;!,/.)=|%{?)"@./&]|~``$<_) CAPTURE THE WORLD CUP 1978 ON YOUR akaiee v -V Cf I vj > *'*v: n% V »»y« V Mk t <\» »...•<»» n t f r"* ff v TaJ V* :^v 4 v *w K, 7?k L-v u '4 **T <• ;wjw/ w I it 1 ft r162 words
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TRADE AND INDUSTRY
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Article276 1978-04-27 2 DATE TITLE VENUE ORGANISER COURSE AND TALKS April 24May 13 Middle Management Course SITC SITC April 27, Personnel Management 28 and Workshop Hilton Consulasla April 30May 2 Corporate Survival In the 80s Melbourne ICSA, Australia May 3 May 3-4 Marketing Now Assessment and Development Programme Hilton Hilton Consulasla276 words
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Article254 1978-04-27 2 THE FIRST national banking diploma course, to upgrade local financial expertise, will start in July. The two-year part-time course, divided into four terms, is organised by the Institute of Banking and Finance. Two classes will first be conducted in the first week of July, with a maximum of254 words
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Article, Illustration933 1978-04-27 2 RONNIE LIM - By RONNIE LIM SINGAPORE'S electronics Industry will continue to upgrade its products in the next three to five years. It will also move Into the manufacture of central processors, electronic communication equipment, industrial control instrumentation, computer peripheral and home and mini-computers. Investments of US$22933 words
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Article, Illustration134 1978-04-27 2 SHANGRI-LA Hotel has strengthened its marketing team with three new appointments Je»»e Chevrez, senior sale's manager; Antonio P.S.Wee, sales manager; and Michael Han, tour coordinator. Mr. Chevrez, 29, has over 11 years experience in the hotel Industry, the last seven with Shangri-La. Mr Wee, 31, has had134 words
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Article362 1978-04-27 2 A COMPREHENSIVE new system of colour television equipment announced by Philips in Europe and the United States last year is being introduced here. Called the Video 80, the system is meant for professional use only. The centrepiece of the system is a new lightweight362 words
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185 1978-04-27 2 Reuter MALAYSIAN rubber exports rose to 172,323 tonnes In December last year from 154,418 tonnes In November and 168,888 tonnes in December, 1976, preliminary Singapore Statistics Department figures show. This brought total 1977 exports to 2.076,937 tonnes compared with 2,033 tonnes in 1976. Rubber imports inReuter - 185 words
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317 1978-04-27 2 Reuter JAPANESE steel worker unions at five major steel firms have accepted a management offer to increase monthly wages by 7,000 yen (SS7O), or 4.24 per cent, to avert any possible strike action, the 250,000strong Federation of Steel Workers Union said.Reuter - 317 words
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107 1978-04-27 2 AP THE MAKERS of Datsun cars are reportedly taking a close look at Michigan as the site for an assembly plant. Governor William Milliken met with Nissan Motor officials in Ann Arbor last week and discussed a number of potential sites, said Norton Berman, chiefAP - 107 words
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261 1978-04-27 2 FOODASIA, the International exhibition of food, drinks and catering equipment. is being staged at the right time with South-east Asia now enjoying a healthy tourism growth rate. Speaking at the exhibition's opening at Hyatt Hotel yesterday, the chairman of the Singapore Tourist Promotion261 words
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Article260 1978-04-27 2 SIVA ARASU - By SIVA ARASU JUST as it is difficult to argue over the beauty of different women, it is similarly difficult to compare the cuisine of different countries. Still. Paul Boccus, a renowned chef from Lyons. France, who is in Singapore as the chief judge260 words
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Article266 1978-04-27 2 AFP THREE major Chinese trade missions will visit Britain next month as part of a European tour to Inspect a wide range of Industrial products. These visits, directly follow up Li Chiang's visit to London last December, when the Chinese Minister for Foreign Trade listedAFP - 266 words
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Page 2 Advertisements
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Advertisement134 1978-04-27 2 study with W>lsev Hall OXFORD Institute of Administrative Management Institute of Bankers Inst of Chartered Secretaries Administrators Inst of Statistic ans London Chamber of Commerce Industry HSC'GCE A Level MCE/SCGCE O Level London/AEB GCE A 81 O' Levels Modern Mathematics for Teachers Foulks Lynch LONDON Ass of Certified Accountants Inst134 words
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Advertisement43 1978-04-27 2 TAN BOON LIAT Building Outram/Havelock Roads 3,000 sq. ft. of prime factory space in new flatted factory building; centrally located in Outram/Havelock Roads area. For tale or rental at reasonable price. For further information, please call Tel: *****02, Mrs. Chi*. NO BROKERS PLEASE.43 words
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Page 2 Miscellaneous
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Miscellaneous646 1978-04-27 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I Question breathlessly echoed by an old hag (5) 6 On which to sit In judgment (5) 9 Hard lines! (7) 10 Mining area (5) 11 Drink to a woman (5) 12 Big hit? Not I! (5) 13 Dream of the Queen talcing Don out(7)646 words
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OVERSEAS
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965 1978-04-27 3 AP NYT THE US Senate voted tentatively on Tuesday to delay for three months a US$25 billion (SssB billion) income tax reduction recommended by President Carter. In what apparently was a show of concern about Inflation, the Senate went on record, 65-22,AP; NYT - 965 words
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202 1978-04-27 3 UPI THE president of the Asian Development Bank, Mr. Tarolchl Yoshlda, said the developed member countries have agreed to a replenishment of US$2 billion (554.7 billion) to be contributed during the four-year period from 1979 to 1982. Mr. Yoshlda was speaking on theUPI - 202 words
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Article463 1978-04-27 3 Reuter LONDON money brokers Astley and Pearce are now unlikely to start its Tokyo branch operations before autumn and the start-up could be delayed considerably longer, foreign exchange broking and banking sources said. A Finance Ministry spokesman said all official procedures for approving the AstleyReuter - 463 words
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Article124 1978-04-27 3 Reuter THE WORLD Bank and the Brazilian government plan to issue yen-denominated bonds totalling 105 billion yen (551.05 billion) on the Japanese capital market in July. Japanese Finance Ministry sources said 75 billion yen Is for the World Bank and 30 billion for Brazil. The World Bank'sReuter - 124 words
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WORLD IN BRIEF
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Article526 1978-04-27 3 Agencies FOUR Ford Motor Co. stockholders on Tuesday filed a US$5O million (SJIIS million) suit against the company and chairman of the board, Henry Ford n, charging Mr. Ford himself with accepting $750,000 In "kickbacks" from a vending machine caterer. The suit, filed in New York's supreme courtAgencies - 526 words
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251 1978-04-27 3 Reuter THE BRITISH authorities may allow sterling M-3 growth to exceed the official annual rate of 12 per cent In the first half of financial 1978/79 and set a more lax money supply guideline at the mid-year review, stockbrokers Phillips and Drew sayReuter - 251 words
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Article129 1978-04-27 3 AP. AMERICAN worker®' productivity fell it an annual rate of 3.6 per cent in the first four months of this year, the biggest decline in four years. The sharp decline means less output comes from the same amount of paid hours of work, which increases inflationary pressuresAP. - 129 words
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Article503 1978-04-27 3 US FEDERAL Reserve chairman William Miller said the central bank allowed interest rates to rise last week because of expectations of greater inflation. He added that money supply depended on the federal government's ability to reduce the size of the fiscal deficit. Should the deficit be cut.503 words
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Article134 1978-04-27 3 Reuter WEST Germany had a current account payments surplus of 2.8 billion marks (553.2 billion) in March rnst a revised surplus of million in February and 2.3 billion in March 1977. according to provisional Bundesbank figures. The Federal Statistics Office said the figures also show a currentReuter - 134 words
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Page 3 Advertisements
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Advertisement1296 1978-04-27 3 CANADIAN IMPERIAL BANK OF COMMERCE STATEMENT OF ACCOUNTS FOR YEAR ENDED OCTOBER 31,1977 (All figures quoted in Canadian dollars) STATEMENT OF ASSETS AND LIABILITIES STATEMENT OF REVENUE. EXPENSES AND UNDIVIDED PROFITS Assets Cash and due from banks Cheques and other items in transit, net Total cash resources 6.157 473.886 5.123.673.6411,296 words
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RAW MATERIALS
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Article398 1978-04-27 4 OPENING quotations were marked down 1.50 cents yesterday following easier London advices and softer after-hours trading here on Tuesday but prices later recovered on short-covering Interest, some buying support from the trade and reserve of sellers. Forwards and physical trading was small, dealers said. The morning398 words
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Article302 1978-04-27 4 Prices in cenu per kilo yesterday Noon (per kilo) Cloee per kilo) Int. 1 R.8.S. prompt f.o.b. Int. 1 R.S.S. May Int. 1 R.S.S. June Int. 2 R.S.S. UK/Cont. Int. 3 R.S.S. UK/Cont. Int. 4 R.8.S. UK/Cont. Int. 5R.8.8. UK/Cont. Buyers 206 75 207.30 206.00 201.75 200 75302 words
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Article97 1978-04-27 4 NOON SSR and SMR price* yesterday: May June HAS (Current Mtk) (For ward Mtfc) Buyer Seller. Buyer* Seller* (cm itaparkf) (cm I I a SSR 20 (1-ton pallet) 196.00 200.00N 199.00 201 OON SSR SO (1-ton pallet) 1M.00 198 OON 197.00 199.OON MRELB SMRSCV (l-ton pallet) 221.SO97 words
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Article30 1978-04-27 4 Rubber: April 26 Singapore: May 207.00 cent* (down 1.00 cent) Malaysia: May 212.25 cents (down 0.75 cent) Tin: $1,599 (up 529) Official offering: 280 tonne* (up 30 tonnes)30 words
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Article195 1978-04-27 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne f o 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 392. 20 pet 387. 25 pet 377.195 words
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Article407 1978-04-27 4 PRICES all held steady in quiet trading on the Singapore produce market yesterday. There was a singular lack of overseas inquiries in all the sectors except for white peppers. European traders were still asking for this commodity but there were few sales. As for the black grades, the407 words
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Article239 1978-04-27 4 TERMINAL coffee in London yesterday opened about steady 112 to €5 per tonne up from Tuesday night in sales of 180 lots. Trade support particularly in July at around €1.365 featured. Overall trading was quiet with scattered light commissionhouse buying. Dealers said the market's underlying steadiness could reflect the239 words
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Article89 1978-04-27 4 C I F North European ports. In US dollars per ton unless otherwise stated LONDON: Tueaday Previous Malaysia 5* f fa bulk per tonne June MOslr 800 sir Sumatra 5* f fa bulk April unch 660 sir May SIS sir 630 sir June 587 SO sir 807 5089 words
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Article136 1978-04-27 4 TERMINAL sugar closed with on-balance losses of 10.80 to 12.05 per tonne on Tuesday. Turnover totalled 3.257 lots including 26 options. The market seemed unaffected by the reported Yemeni purchase of 40,000 tonnes of white sugar against tender from a West Asian operator at US$224 per tonne cost and136 words
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Article222 1978-04-27 4 THE STRAITS tin price in Penang yesterday, firmed Ms 29 per plcul to $1,599, $99 rlnggit above the International Tin Agreement celling. The rise was attributed to London's firmer tone and active local demand, with US and Japanese demand low dealers said. Turnover rose to 280 tonnes from222 words
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Article156 1978-04-27 4 TERMINAL cocoa in London sold off against New York In late trading on Tuesday, closing with losses from Monday night of $42.50 tp 1'54 per tonne. Prices were around the day's lows. Turnover totalled 5,354 lots although 2,564 lots were crossed. Fourteen options were included. Dealers attributed the late156 words
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Article114 1978-04-27 4 THE SUGAR market closed quiet yesterday with turnover steady at four lots. Sugar futures closing prices: Closing Previou* Closing May 7.45/55 7 60/65 Jly 7 80/95 7 87/8 00 Sep 8 01/25 8.10/35 Ol 8 25/28 8.32/36 Jim 845/60 8.50/75 M<h b 95/9 10 9 00/30 Tone: Quiet114 words
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Article197 1978-04-27 4 YARN and cotton In Hongkong dollars, spot ex-godown: Cotton Yam: China blue phoenix 20s 1.750. 32s 2.060. 40s 2.180 (per bale of 400 lbs) Piece Good*: China Butterfly and Globe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Geese unq (per piece 36197 words
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Article110 1978-04-27 4 CHICAGO soybean futures rose sharply in late trading on Tuesday to close at the day's highs with gains of 20% po 11 US cents a bushel. May led the advance, with the next largest gain 17% cents in the September contract. Soybean product futures closed at the day's best110 words
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Article63 1978-04-27 4 WHEAT futures In Chicago on Tuesday extended early Eilns in nearbys to close 8% S cents a bushel higher in the May contract and 5W to 3Vj cents a bushel higher in other Months. The market moved upward at the opening when a lack of selling and the appearance63 words
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Article347 1978-04-27 4 COPPER wire bars finished the morning in London yesterday showing gains of C 5.50 for cash and for Three Months. Values advanced on the pre-market aided by overnight gains at New York with Three Months traded up to 1708 per tonne before softening following steadier sterling against the US347 words
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Article187 1978-04-27 4 SILVER on the London Metal Exchange rose by 0.50 ;ence per troy ounce on uesday. The afternoon market was steadier on shortcovering prompted by the performance at New York with Three Months trading up to 277.8 pence per troy ounce. In NEW YORK on Tuesday, Comex silver futures rallied187 words
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Article407 1978-04-27 4 THE KILOBAR In Singapore yesterday opened at 5512.797 and closed at $12,756. In the loco London market, the metal opened at U*****.30/60 and closed at US$ 168.00/30. The London morning gold fix was US$l6B.lO, up 45 cents on the previous fix. Source: Singmai Retail prices per tael quoted by407 words
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Article65 1978-04-27 4 ZINC on the morning finished with gains of £3.75 all round in London yesterday. The advance in copper attracted some bear covering up to t'3o6 per tonne in the ring although there was no sign of any pick-up In outside activity, dealers said. Sales of 2,200 tonnes were boosted65 words
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Article78 1978-04-27 4 LEAD finished the morning with gains of £4.25 for cash and t'4 for Three Months in London yesterday. Values paused on the premarket but went ahead in the ring on bear covering prompted by the tone in copper and reports of some physical inquiry from the US. dealers said.78 words
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MONEY AND EXCHANGES
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Article508 1978-04-27 4 THE DOLLAR eased marginally against the other currencies yesterday in foreign exchange ma-kets as traders, waiting for news of the latest US trade figures, became cautious. Opening at 226.50/60 against the yen, the dollar was traded down to 225.90/00 after lunch. The dollar, however, was traded down further508 words
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Article68 1978-04-27 4 THE PRIME rate of most commercial banks in Singapore now stands at 7 per cent. Oversea-Chinese Banking Corporation is still offering 6*4 per cent to its best customers while United Commercial Bank is maintaining its prime rate at 7 1 > per cent. The stated prime rate68 words
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Article161 1978-04-27 4 Asian rates ASIAN currency deposit interbank rates as at close on April 26 l!S Dollar* (Spot) Offer Bid 7 days 7S 7 lmth 615/16 613/16 2mlhs 7 7/16 7 5/16 6 mths 7'* 7*. 9 mths 8 7% 12 rcuhs 8 1/16 715/16 Sw. Fra. Dm*. (Middle Price*) 1 mth161 words
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Article120 1978-04-27 4 THE US dollar for overnight delivery yesterday closed lower at 225.85 yen, compared with a 227.20 opening and 226.90 at Tuesday's close, dealers said. Trading was moderate, with volume US$443 million. Trading was nervous ahead the day's announcement of US trade figures for March and some Japanese banks increased120 words
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Article40 1978-04-27 4 KANGE of prices offered by discount houses on April 26: Overnight 3 Call deposit 3V,* .< loaing Buying Selling 3-Month Treasury bills 31/4 31/8 3-Month Bank bills 4 7/8 4 3/4 3-Month CD 415/16 4 13/16 6-Month CD 51/4 51/840 words
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Article56 1978-04-27 4 AUSTRALIA and New Zealand exchanges on April 26: AUSTRALIA US dollar 1.1318/1.1270 Sterling 0 6263/0 6192 Ninety-day air mall buying rates Sterling 0.6443 US dollar 1.1614 bu J" n ™te» sterling 0 6270 US dollar 1 1288 NEW ZEALAND: Sterling 0 5570/0 5539 US dollar 1.0130/1.0030 bu > in56 words
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Article62 1978-04-27 4 ZURICH exchanges closing quotes on April 25: US 1 9570-9585 Stg 3 5531-5568 Can 1.7265-7288 D Mk 94 1409-2584 D Ft 88 1849-2923 F Fr 42.3501-4101 B Fr 6 0607-0691 D Kr 34 2972-3295 N Kr 36 0438-0814 S Kr 42 0260-1273 Ut 0 2253-2256 Aus sch 13 0818-100362 words
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Article190 1978-04-27 4 STERLING yesterday rallied to U551.8177/84 from an early Indication of 1.8122/32 and 1.8130/45 at Tuesday's New York close, dealers said. Some traders suspected official assistance to the pound in early dealings while others said they were unaware of the Bank of England being In t(ie market. Forward sterling discounts190 words
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Article331 1978-04-27 4 AS ACTIVITY was subdued ahead of the US March trade figures, the dollar ended the session little changed against most currencies on Tuesday. The market was essentially directionless and the dollar fluctuated in a very narrow range, dealers said. However, the dealers noted there appears to be a331 words
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Article156 1978-04-27 4 Euro rates LONDON Eurodollar deposits yesterday opened steady in relatively active trading. Periods were adjusted lower on the Friday dealing technicality, dealers said. One Month, most affected, was marked down 7/16 to 6-7/8, 6-3/4 per cent. A Friday end-of-period in Two Months helped to keep the rate unchanged at 77/16,156 words
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Article47 1978-04-27 4 FRANKFURT exchanges closing quotes on April 25: US 2 0790/0805 Can 1 8305/25 81(3.77/78 DFI 03 80/70 S Fr 105 95/106 .15 Lit 2 395/403 F Fr 44 95/45 05 Yen 0.9133/48 B Fr (con) 6 423/433 B Fr (fin) 6 42/43 N Kr 38 20/3047 words
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Article116 1978-04-27 4 ACTIVITY was mostly concentrated in afternoon dollar-yen trading yesterday when the US dollar fell to close at 226.00/10 yen after opening at 227.10/30 yen in line with its New York close, dealers said. Against the mark, it opened slightly lower at 2.0760/70 and fluctuated narrowly in quiet trading ahead116 words
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Article60 1978-04-27 4 THE MONETARY Authority of Singapore Invites banks and discount houses to tender for the following Treasury bills: SS3O million 91-day bills to be issued at the option of the tenderer from May 2 to May 5, SlO million 182-day bills to be issued on May 2, and60 words
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Page 4 Advertisements
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Advertisement251 1978-04-27 4 Why hasTheJournal attracted so many readers in its first year Because only The Journal gives people somuchofwhat thev need to know inbusiness. The Asian Wall Street Journal is the only regional publication that provides Asia-wide business news every business day. With the most comprehensive reportage of regional commerce, industry and251 words
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TRANSPORT
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843 1978-04-27 5 FT THE SUDDEN decision of the International Civil Aviation Organisation (ICAO) to adopt an American aircraft landing aid is a big disappointment to Plessey of the UK, which was pressing Its alternative Doppler system. However, the disappointment Is greatly mollified by the additionalFT - 843 words
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Article, Illustration381 1978-04-27 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Altalr (0800) 47 Centaur (1330) 44 Esso Jurong (B. Barge) (1000) 40/41 Hugheverett (0930) 25/26 Kalgo (0900) 15/16 London Grenadier (0700 after Howell Lykes) 6/7 Nedlloyd Nassau (1700 after Integrity) 3/4 Nlsshln (1100 29/30 Scotland Maru (1800) 10/11 PASIR PANJANG WHARVES Dell381 words
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Article, Illustration740 1978-04-27 5 TERESA LIM - By TERESA LIM i BETHLEHEM Singapore is i one shipyard which has t managed to beat the slump by building oil rigs -on speI culation. It has sold two so i far and has ordered steel for a third. I Whether we get an740 words
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218 1978-04-27 5 MALAYSIAN Airline System (MAS) and one of the world's largest car renting agencies, Avis Rent-a-Car, have launched their "fly-drive" businessmen's special, the first such service In Asia. The programme Is available in Kuala Lum§ur, Penang, Kuantan and Ingapore for businessmen flying MAS. Rental for218 words
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Article253 1978-04-27 5 DESPITE an increase In single-voyage grain fixing, particularly from the Great Lakes, time-charter activity continued to dominate on Tuesday. British Steel took another ore carrier, the Mlfunesan Maru, with 121,602 dwt for a trip to UK Continent or Havre Hamburg range via Australia after May 10 to 20,253 words
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162 1978-04-27 5 INTERIM compensation payments totalling £4.8 million (SSII million), to three UK shipbuilding groups nationalised last July by the British government have been immediately criticised by the companies. Undef the interim payment on account scheme Vlckers Shipbuilding Group have been awarded £4 million, Scott Lithgow and162 words
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119 1978-04-27 5 NEGOTIATIONS between Air New Zealand and the New Zealand Stewards and Hostesses Union to resolve their dispute over the ANZ DC-10 aircraft leased to Singapore Airlines have broken down. An Air New Zealand official said yesterday that the issues involved have gone beyond the119 words
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Article153 1978-04-27 5 AFP MAKERS of the European Airbus expect to sell 150 of the aircraft to the United States in the long run at 55 to 60 million marks (SMI to $67 million) each. Airbus Industrie chief Bernard Lathlere said on Tuesday night before yesterday's openingAFP - 153 words
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Article82 1978-04-27 5 AFP JAPAN Airlines (JAL) is to start regular flights between Tokyo and Sao Paulo-Rio de Janeiro from mid-June. A JAL spokesman said yesterday the service, subject to the approval of the Japanese and Brazilian governments, would be operated between the two countries, via Anchorage, New YorkAFP - 82 words
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Article264 1978-04-27 5 AFP Reuter PAKISTAN seeks Japan's technical and financial cooperation in its merchant fleet expansion programme, a visiting Pakistani maritime official said in Tokyo. Mr. Mustafa Ookal, maritime adviser to the Pakistani Chief Martial Law Administrator, asked for the Japanese cooperation In a meeting with Japanese TransportAFP; Reuter - 264 words
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Article623 1978-04-27 5 ARRIVALS 8«r»ip» Lactl I <Number Tine T'rwm MA S GIA GIA PAL OIA SIA TMA SAS THAI MAS SIA MAS SIA SIA OIA CPA CIA C'AI. GIA MAS SIA SI A SIA J A J. MAS SIA OIA THAI S(A THAI in A QAL <HA *>A sia623 words
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Advertisement78 1978-04-27 5 PH4SEI atttt*-*! HOCK SMEE HILL H.<W^LASS»LnTwEI.MRMN U i!S I IS"™ 1 llll,oM TREE SHROUDED SURROUNDING n I AMn PICTURESQUE A •LUXURY FITTINOS •FREEHOLD LAND FRESH COWNTRY -LOAN INSTALMENTS PROMPT DELIVERY ECONOMIC PRKM6 BOOK NOW! **LT-m AREA OVER 200Mq.Ft. 1185 80 sq rnfterjl GARDEN AREA OVER 4000 Sq.Ft. (371 60 si)78 words
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Article482 1978-04-27 6 ANOTHER rt* in the price of oil will be prompted by little that is economic. Instead, the next Opec oil price hike. If Implemented, will have ltff roots mainly in a rather uneconomic and unfortunate thing called greed. And this will not Just be482 words
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Article265 1978-04-27 6 THE electronics Industry's attempt to recruit the Government in export promotion efforts is significant for two reasons: the protectionism in the Industry's main markets threatening to cloud its so-far-successful growth is being taken seriously and the search for new markets as a unified body (Government and265 words
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Article, Illustration2484 1978-04-27 6 CONRAD RAJ - «y CONRAD RAJ Singapore Business INCREASING affluence is enabling more Singaporeans to pack their bags and go abroad. This trend is also seen in other countries in South-east Asia. The Singapore Household Expenditure Survey In 1973 showed that over 2 per centSingapore Business - 2,484 words
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Article, Illustration758 1978-04-27 6 John Tan - LETTER FROM AMERICA bv* John Tan AT A TIME when doomsayers, like the Club of Rome, are predicting limits to growth, and more immediately, the spectre of protectionism appears ever more ominous, It must be very comforting to hear from a man who is not only758 words
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Page 6 Advertisements
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Advertisement115 1978-04-27 6 V Stepi *T- .♦••*#i--1 sinoapura FORUM g) HOTEL *85 Orchard Road, S'pore 9. Tel: *****2 Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally (except Sunday)115 words
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Advertisement118 1978-04-27 6 406/407 Havelock Road, S'pore 3. Tel: 4SHtI lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Miss Shiao Pin (Taiwan), Constellations, Miss Tammy Wong, Sonny Bala The New Moonglows, Anna Mina (from Japan) and Louis Tan Limited 3 treat you to a118 words
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Advertisement85 1978-04-27 6 HOTEL HOTEL ROYAL-RAMADA Newton Road, S'pore 11. Tel: *****1 Emperor's Room Try our most talked-about air-flown steak and our Indonesian speciality, Ikan Mas. A special International Buffet awaits your pleasure on every Sunday from 12 noon to 3 p.m. Adult $8/ 10% 3% Children $5/ 10% 3% Ramada Lounge Enjoy85 words
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Advertisement145 1978-04-27 6 IHi :Ti 11 ■JJ. |i OXLEY RISE/PENANG ROAD, SINGAPORE 9. TEL: 3*9111 How Lady Godiva was side'tracked to Our Lady Godiva rode by as fair as fair could be. On a white horse she did come, riding high and free. Kiip-klop klip-klop went Equus; Throb, throb-throb went our hearts. It145 words
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Advertisement214 1978-04-27 6 m SMGAPORE HLTON 581 Orchard Road, S'pore 9. Tel: *****3 Hin's Heavenly Cookhouse Hin's Heavenly Cookhouse offers the opportunity to relish the many and varied flavours of Singapore. Exotic Chinese cuisine; spicy Indian curries; delicate Malay and Indonesian foods all under one roof. During dinner, a troupe of local performers214 words
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Page 6 Miscellaneous
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Miscellaneous67 1978-04-27 6 wmmmm k WEATHER outlook for Singapore from 6 a.m. to noon today: Occasional light rain in early morning. Report for 24 hours prior to 7.30 p.m. on April 26 at the airport. Maximum Temperature 33.7° C Associated Humidity 65 Minimum Temperature 24.6° C Associated Humidity 98 Hours of Sunshine 6.8567 words
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Miscellaneous261 1978-04-27 6 (HRWDTO SINGAPORE 5 3.00 PM Opening announcements followed by The Beverly Hillbillies The Hills of Home (Repeat) 3.25 Diary Of Events (Chinese) 3.30 Eight Heroes Of Shou Lin A Mandarin drama serial (Repeat) 4.15 Intermission 6.00 Opening announcements followed by Lassie Fury At Wind River 0 6.30 News in Brief261 words
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Article273 1978-04-27 7 Lim Chong Yah - Letter to the Editor Lim Chong Yah Professor of Economics, Head, Department of Economics and Statistics, University of Singapore Dear Sir, The Business Times has done its readers, at least some of them, a great service by bringing to their attention the untimely death of Sir Roy273 words
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Article, Illustration1348 1978-04-27 7 RAHIM KASSIM - MARKETING men will soon be able to hear a key exponent of marketing theory and technique when Mr. Mike Wilson speaks in Singapore on May 3 he will be leading a Consulssia seminar on that date, from 9am-spm at the Singapore Hilton, and also on1,348 words
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Article, Illustration423 1978-04-27 7 AT LAST, the Jade cinema has changed its tune. of "Hurry Lut Few Days!", It Mid yesterday "Hurry Last 8 Day*!" in ita press advertisement* for the current run of Italian director Franco Zefllrelli'a "Jesus of Nazareth." By my count, at the end of thooe eight423 words
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Article1109 1978-04-27 7 [FORUM i r ...OD Asean By Our Correspondent e POLITICAL calm has i. returned to Indonesia after s, the anti-government il demonstrations staged by g students before and during the recent session of the d National Congress, the p consequent wave of arrests r and deployment1,109 words
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Page 7 Advertisements
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Advertisement295 1978-04-27 7 -■a- HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scotts Road, Singapore 9 Tel: *****1 HOTEL GRAND295 words
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Advertisement0 1978-04-27 7 :}=-+%`")!](:[-<[;`<+`;?<}->$-?0 words
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Page 7 Miscellaneous
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Miscellaneous52 1978-04-27 7 BnStoW Hefie woo «ce,BeisTou> T we noose oournrl Be S6OH& *ou> »T, WkLKFofcD THC RUSH? N -NO fcUSH.. S»»T TueAe. nn»NU"fe Va*ML£- I \NSftOCT whp»t OUGHT lb Be 2SL?£ IRa? ftwTonN Do nv e>fe£ Deceive me^'is CoVe« P\KD >9 this NOT P\ CUR*W£ PUDDING CtOFfe l r*i PP3 j CorfeRWUIPTTioKS52 words
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INTERNATIONAL STOCK MARKET
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Article494 1978-04-27 8 TOKYO Source: DBS-Daiwa THE stock market was strong at the opening yesterday, reflecting the rise on Wall Street. It roee steadily In the morning session on selective purchases, centring on precision machinery and chemical Issues such as Olympus, Yashlka and Ishlhara Sangyo. In addition, low-priced speculativeSource: DBS-Daiwa - 494 words
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Article363 1978-04-27 8 THE market continued to rise on overseas and local demand in fairly active trading yesterday with the Hang Seng Index 4 82 points up at 450.91. Dealers said Jardlne Industries rose 55 cents to HKJ3.BS after Jardlne Matheson announced a cash offer of $4 for every Jardlne Industries stuire363 words
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Article313 1978-04-27 8 PRICES rose strongly yesterday In a buoyant market, the latest low consumer price Index rise result being the major influence. Brokers said BHP gained 22 cents to close at AJ6.44 and banks gained as NSW rose 14 cents to $5.44 and the ANZ five cents to $2.75. Minings were313 words
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Article117 1978-04-27 8 THE market closed higher yesterday with all sector averages posting slight gains, and turnover rose to 2.07 million pesos from Tuesday's 1.99 million. APR 26 Pesos Acoje Mining .0076 -0 0002 Atlas Con A Atlas Con. B. 13.50 +0.3 Baeuio Gold 0068 unch BenguetCon.B BF Goodrich 20 50 +0.5117 words
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Article136 1978-04-27 8 APR X Bah IS Asia Fibre 248 unch Bangkok Bunk 373 -4 Bangkok Invest 354 4-4 Bangkok-Metro-politan Bank Bata BerllJucker CarpetIntnl Charoong Thai Wire 284 -3 Dumex DusltThani Faber Merlin First Trust 309 2 Genera Finance Indo-Thai Industrial Finance Corp 25 IS 410 J And J Ho Jalaprathan Cement136 words
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Article382 1978-04-27 8 FA ROPE AS MA h'KH'IX FRANKFURT share prices were mixed to weaker on balance, with the market wary after the German economic forecast for this year by the five leading research Institutes, bourse sources said on Tuesday. Leading chemicals and electrlcals eased, while Hoechst's announcement of a382 words
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Article216 1978-04-27 8 APR 2S Dm Aef-Telefunken 85 50B Akzo 24 20 AIU Leben 613 -2 Alb Vers 462 -3 BASF 135 BOB Bay H T Wbank 277B Bay Vbank 297B -3 Bayer 136 80 -0 6 BBC 287 BMW ***** 1.7 Cassella 361 unch Chem Verw 231B Commerzbank 224 -2.2 Conti216 words
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Article231 1978-04-27 8 APR JS FIs ABN 347 00 -1 Ahold 100 10 +0 1 Akzo 26 20 ♦0.2 AMEV 84 00 +0 2 Am fas 109 00 +2 Amrot Bank 74 40 -0 7 Bergoss Berk 55 60 87 10 u nch Bols 99 30 -0 4 Borsumij 150 00 -02231 words
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Article279 1978-04-27 8 APR 25 Frs CORBEILLE Air-Liquid* 315 B S N Gervals Danone 505 CSF (Thomson 238 Cle Franca is* des Petroles 130 70 Compagnle Flnanclere Compagnle GeneraJe 380 Credit Fonder De France 330 Hachette (Libralrie) 185 Machines Bull 35 50 Mlcheltn (B) 1505 Parlbas 184 20 Pechlney Clglne Kuhimann 91279 words
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Article160 1978-04-27 8 OOLD shares continued drifting throughout Tuesday to close marginally easier reflecting lower bullion prices. Financial minings were mostly Inactive though Charter Cons lost two cents to 293. MININGS Anglos 515 unch Angkaal Beffels UOOB 1400 unch +20 Blyyoors 530 Brand 1410 -20 Charter -2 Cons Gold 395B -5 Cons160 words
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Article141 1978-04-27 8 APR 25 Francs Actions Sulsses 285 -JH AlusulsseBr. 1090 -50 Alusulsse Reg Me -17 Brown Boverl Br 1525 -60 ClbaOelgyBr 1100 -65 ClbaQelgy PC 800 -60 Clba Geigy Reg 630 -20 Credit Suisse Br 2100 -75 Credit Suisse Reg 410 -9 Elektrowatt Br 1580 George Fischer Br 655 -5141 words
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Article92 1978-04-27 8 APR 2$ FYs FORWARD MARKET Acec 200 -7 Arbed 2235 +75 Astur 750 +30 Brascan 465 •3 Bru-Lamb 1600 +5 Canpac 528 18 Cock 388 -9 O Beers 157 +2 Ebes 2460 +5 Electrobel 6510 120 Ob-Inno-Bm 2150 +5 Gev 1410 12 Hobok 2585 +25 Petro 4260 -5 Ryl92 words
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Article12 1978-04-27 8 THE Milan Btock Exchange was closed on Tuesday for Liberation Day.12 words
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Article191 1978-04-27 8 APR 25 C$ Abltibl A lean Algotna Bank Mont Bank Nova Scotia Bell Tel Beth Corp BP Can Ltd Brascan Camp Red Lake Can Imp Bk Canpac Canpac Inv PI Carting O'Keefe Comlnco Cons Bath Cons Marbenor Dankoe Dentson Dom Stores Dom Tar Dome Mines Falconbrldge Falconbrldge Cop Genstar191 words
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Article1095 1978-04-27 8 NEW YORK THE stock market, propelled by a powerful buying wave, reached for another celling but profit-taking In the final hour cut nearly half of Its gains on Tuesday. Volume was the second largest on record. The retreat began shortly before President Carter's news conference at1,095 words
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Article1406 1978-04-27 8 April 25 TRADING on the Chicago Board Options Exchange came to 273,014 contracts on Tuesday compared with 147,697 on Monday. arnoH JLV OCT JAM STOCK A\em M UMTKD a AI»MI M In 111 1 a AlWm M I n 11 I in a Am T»i Am T»i1,406 words
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Article67 1978-04-27 8 FINANCIAL TIMES INDUSTRIALS Tuesday 400.7 Monday 400 4 Week Ago 464.4 DOW JONES AVERAGE INDUSTRIALS Tuesday 533 59 Monday g26 M W ~*Ago 803:27 LONDON DOLLAR PREMIUM Tuesday 109 to 109 v. Monday IOC to 1O0H H.K. HANG SENG Wednesday 459.91 Tuesday 455.09 Week Ago 442.86 SYDNEY INDUSTRIALS67 words
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Page 8 Advertisements
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Advertisement443 1978-04-27 8 Penguin IN PENGUINS Virginia Woolf died in 1941 and at the time of her death she had won a foremost place in English fiction. Three Guineas and Flush have now been published in Penguins and both will find a wide and passionate audience. Three Guineas magnificently argues the case for443 words
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INTERNATIONAL COMPANY NEWS
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636 1978-04-27 9 NORTH AMERICAN Reuter The two largest American steel mills saw conflicting fortunes In the first quarter of this year. While the leading steel producer, US Steel suffered Its worst quarterly loss In recent memory, Its rival, Bethlehem Steel, managed a profit of US$l.l million afterReuter - 636 words
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473 1978-04-27 9 AP SIX majors US oil companies reported sharply contrasting first quarter earnings on Tuesday, with some firms blaming their problems on the oil glut and others attributing success to the same increase in oil production. In Los Angeles, Texaco Inc., the third-largestAP - 473 words
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155 1978-04-27 9 EUROPEAN Reuter IJMUIDEN: Estel NV Dutch partner, Hoogovens BV said Its reorganisation plan will enable at least 200 million guilders of annual reduction In costs in the period to the end of 1979. This cut should fulfil the company's aim of bringing costs and IncomeReuter - 155 words
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Article127 1978-04-27 9 Reuter BREMEN: The Works Council of Vereinigte Flugtechnische Werke Fokker GMBH (VFW Fokker), German partner In the Fokker VFW group, rejected the suggested plan for a merfer between VFW- Fokker and Messerschmltt Boelkow Blohm GMBH, VFW Fokker sources said. The council said In a statement theReuter - 127 words
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Article138 1978-04-27 9 Reuter ESSEN: Thyssen Industrie AG's incoming orders rose 15.4 per cent to 2.34 billion marks In the first six months of the current financial year ending Sept. 30. Management board chairman Wolfgang Schaefers told the annual meeting, company turnover in the six months fell 9 perReuter - 138 words
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Article99 1978-04-27 9 Reuter COCA-COLA Co said It will appeal against a Federal Trade Commission (FTC) decision that its exclusive territory bottler franchises violate anti-trust laws. Chairman J. Paul Austin said the appeal will be made to the US circuit court of appeals for the Washington circuit and if necessary,Reuter - 99 words
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Article87 1978-04-27 9 Reuter BANKAMERICA Corp said its total profit on foreign exchange activities rose in the first quarter to US$l5.5 million from $3.8 million in the prior year period. It made the disclosure in a supplement to its previously reported first quarter earnings report. The supplement showed first quarter tradingReuter - 87 words
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Article205 1978-04-27 9 Reuter GENERAL Motors Corporation, the largest US car manufacturer, blamed bad weather, the prolonged coal strike and rising costs f or reduced first-quarter profits. Quarterly profits fell to US$B7O million, or $3.03 a share, from $903 million, or $3.14 a share, in the same quarterReuter - 205 words
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Article120 1978-04-27 9 Reuter AMAX Inc said its 1978 first quarter earnings decline was due principally to losses resulting from the United Mine Workers' strike and increased interest expenses. The company earlier reported first quarter earnings of 32 US cents a share compared with 91 cents a share in theReuter - 120 words
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298 1978-04-27 9 Reuter GOODYEAR Tyre and Rubber Co attributed its lower first quarter earnings to bad weather and the coal strike, but said results have been improving since March. The company said a strong comeback in March helped offset reduced profit margins in the firstReuter - 298 words
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194 1978-04-27 9 Reuter ASARCO Inc said its first quarter results were impaired by unprofitably low prices for copper and zinc, two of Its principal products. The company reported a loss of 42 cents a share, compared with a net profit of 30 cents a shareReuter - 194 words
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Article566 1978-04-27 9 THE year has not started well and 1978 will not be an easy one for Ocean Transport and Trading, Sir Lindsay Alexander, the chairman, says In his annual review. Oross congestion in A papa, the major trading port in its West African trades, has virtually brought that port566 words
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Article127 1978-04-27 9 Reuter KARLSRUHE: The Federal Supreme Court has postponed its decision on the Bundesbank Hill Samuel appeal case over the Herstatt Bank closure until May 8, a court spokesman said. Court sources said a decision on the case has been made but the report of the judges hasReuter - 127 words
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Article245 1978-04-27 9 Reuter WOLFSBURG: Volkswagenwerk Ag believes it has a fair chance this year of equalling last year's record sales of 2.3 million vehicles and of earning a similar net profit, managing board chairman Tonl Schmuecker said. Last year, the group earned a 419 million mark net profit againstReuter - 245 words
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Article181 1978-04-27 9 Reuter STUTTGART: Daimler Benz AG said it proposed a nine mark dividend (9.50) on its 1977 results. Shareholders subject to German tax law will receive a credit of 5.06 marks per 50 mark share as a result of the Corporation Tax Law reform, giving total payout of 14.06Reuter - 181 words
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238 1978-04-27 9 ASIAN HONGKONG: Jardine Matheson and Co Ltd said It will offer HKS4 cash for every Jardine Industries Ltd share It does not already hold. No further details were Immediately available. Jardine Matheson currently owns 79 per cent of Jardine Industries' $30.02 million238 words
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Article140 1978-04-27 9 Reuter TOKYO: Japan's Toyota Motor Company, which last year produced a record 2.7 million vehicles, plans to Increase its output to meet domestic demands, a spokesman said here on Tuesday. Japan's largest vehicle maker refused to disclose targets, but Industry sources said production wouldReuter - 140 words
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Article38 1978-04-27 9 Reuter TOKYO: Matsushita Electric Industrial Co consolidated net Income was US$77 million (71 million) for the first quarter ended Feb 20. Sales were $1.99 billion (1.83 billion). Income per share was seven cents (unchanged). D All* AWReuter - 38 words
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Article91 1978-04-27 9 MANILA: Marlnduque Mining and Industrial Corp's financial plans for the next three years will enable the company to restructure loan maturities to help reduce Its loan repayment burden, chairman of the. company Jesus Cabarrus said in a statement. Cabarrus said the financial difficulties of the company have91 words
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Article196 1978-04-27 9 SOUTH AFRICAN Reuter ANGLO American Corporation of South Africa Ltd said results of the group's Transvaal gold mines are as follows In order of taxed profit in million rands gold produced in kilos, yield in grams/ tonne and cost in rand per tonne milled, with Erevious quarterReuter - 196 words
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98 1978-04-27 9 Reuter THE state has agreed to extend East Rand Proprietary Mines Ltd's loan facility to Dec. 31, 1978, chairman D.T. Watt told the annual meeting. He said the agreement is subject to the loan not exceeding the loss after state assistance, based on the company'sReuter - 98 words
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Article60 1978-04-27 9 Reuter LONDON: United Dominions Trust Ltd and South African Breweries Ltd said they reached agreement In principle for Standard Bank Investment Corp to acquire UDC Bank Ltd. UDC bank Is a South African subsidiary of UDC Holdings Ltd of which United Dominion and South African Breweries eachReuter - 60 words
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Page 9 Advertisements
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Advertisement320 1978-04-27 9 BULLETIN places the facts at your fingertipsevery month. The Bulletin is a monthly digest of current economic comment, facts and figures from East and Southeast Asia, providing an invaluable source of data for investors, manufacturers, economists, traders and shippers. It is divided into 6 separate concise reports, indexed by country320 words
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DEALS DONE ON THE SES AND KLSE
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Article1530 1978-04-27 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 deal1,530 words
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Article147 1978-04-27 10 D Mark 7* IM2 (100.000) (IO2MB 103 MS) 1/2* 1983 (100.000) (101 MB 102SS) ~JUPJL por 7 5/4 1987 (100.000) (99'48 1008) 5 1/4* 15/10/79 (250.000) (101 308 101 80S) 5 3/4* 1/8/78*89 250.000) (101.15B) 4 3/4* 15/9/80 (250.000) (100 258 100.40S) 5* 15/4/81 (250.000) (100.858 100 758)147 words
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Article255 1978-04-27 10 I B J 8 1/2% 1981 (100.000) (100'»B 100HS) (1) 100 M Australian DBS 1/4* 1982 (100.000) (95 MB 975) Australian D B 19* 1982 (100,000) (98MB 995) B O T 8 1/2* 1981 (100,000) (100 MB 101S) B O T 7 5/8* 1984 (100.000) J 9SMB 96'*S)255 words
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Article104 1978-04-27 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown In brackets CoM Storage (June 12.20) (0.508 0.575) C and C (June $2.20) (USB 1.298) F and104 words
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Article152 1978-04-27 10 SINGAPORE UNIT TRUST INCOME BOND UNIT <Maaag«r»' prica* far April IT) The Commerce l.M 2 08 INCOME BONO I 04 1.10 The Saving Fund 1.14 i jj S pore Prog Fund O M 0 99 MARA BUMIPUTRA FUND (Maaa—■' arimi for Aarll n 8 pore Security Mind 1.S1152 words
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Article2501 1978-04-27 10 1*78 High Low Company Lut Sale +OTGe' Div Div C'vi Gr'» Net Y'ld P/E Vol Day COOO) High Low SECTION ONE INDUSTRIALS 181 213 140 225* 72* 265 183 340 422 152 132 123* 112 195* 60'/, 191 144 256 394 123 Acma Alcom Allied Choc Bata2,501 words
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Article2045 1978-04-27 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. INDUSTRIALS Afinemoto <2 228 2 308) XALL. Alcom (l MB 1.928) (4)2,045 words
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Article, Illustration860 1978-04-27 10 SINGAPORE SECOND linen continued to dominate in selective and mixed trading on the Stock Exchange of Singapore yesterday. The market opened slightly higher with buyers moving in cautiously during the first hour. However, profit-taking reduced the gains of most counters as the day wore on. Several of860 words
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Article700 1978-04-27 10 THE emergence of sellers forced prices to be mildly easier at the Kuala Lumpur stock market yesterday. Trading volume remained fairly active. Profit-taking was most prominent among a number of the previous day's favourites. These were mainly the volatile second liners. These shares were initially traded700 words
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COMPANY NEWS
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Article, Illustration875 1978-04-27 11 STEVEN TAN - •y STEVEN TAN AN AGGRESSIVE marketing policy and stringent cost controls once again proved to be the magic formula for Carlsberg's continued rise In fortune last year. These two factors were highlighted by chairman Mr Finn Frandsen in his latest report for the875 words
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Article721 1978-04-27 11 Currant Ek Book* cloae Date Total far Total for fi.E. Life A. Eitonriie Talam Mine* payment Date payable the year previous year 22%<k) 10%(n) 5%(n) Apr 17 Mar 31 Apr 24 Apr 12 Apr 12 Apr 27 Apr 28 Apr 28 33% 20% 15% 29% 20% 15% United721 words
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Article255 1978-04-27 11 Company Particulars Ex Date Books Close Dun lop (M) bid. Bata (M) Bcrkid Consolidated Bonus Issue of l for 5 Bonus Issue of l for 3 Apr 18 Apr 20 Apr 28 May 3 Plantations Kempas (M) Sime Darby Kramat Tin United Oversea* Bonus Issue of 3 for255 words
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Article97 1978-04-27 11 SINGAPORE Unit Trusts reported a gross distribution of $7.75 per 100 units for the year ended Feb 28, 1978. This represents an increase of 46.2 per cent over the previous period's distribution of $5.30 per 100 units. Calculated on the selling price of $0.97xd per unit on97 words
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Article60 1978-04-27 11 THE Stock Exchange of Singapore has requested Malaysian Feedmills Farm to furnish for public release the basis upon which the consideration paid for the purchase of the two pieces of land at Lim Chu Kang and the stocks, buildings, hatchery and feedmill located oh the land, was arrived60 words
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Article56 1978-04-27 11 MALAYAN Flour Mills, which recently proposed a one-for-three scrip issue, has received a KLSE query regarding any expected change in profitability compared with the financial year ended Dec 31, 1977. It was also asked about any changes expected In the dividend payouts on the capital at the56 words
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LATEST RESULTS
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Article30 1978-04-27 11 Group net profit after tax $1.34 million ($251,000) for the year ended Dec 31, 1977. •Parent company net profit after tax $680,000 ($254,000). No dividend has been declared.30 words
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Article, Illustration614 1978-04-27 11 OUR REPORTER - By OUR REPORTER A MARKED decline in dividend contribution from Indonesian associate P.T. Sanyo Industries is the mam factor behind the fall in group earnings at Setron last year. Group pre-tax profit turned in for the 12 months ended Dec 31, 1977 came to614 words
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224 1978-04-27 11 GUERILLA action by business associates of N.M. Rothschild, the merchant bank, prompted the recent £943,000 bid for Gedong Investments by Consolidated Plantations. Rothschild has also been Involved In harrying the Harrisons and Crosfleld plantation empire. This emerged in London along with the formal offer224 words
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Article207 1978-04-27 11 INCH Kenneth Kajang, a small British-based plantation company quoted on KLSE. has stated that its recent proposed transfer of residence to Malaysia would materially benefit Malaysian and Singapore shareholders. In its letter to shareholders. 65 per cent of whom are non-UK residents (practically all of these being207 words
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Article601 1978-04-27 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 11.30a.m.. on April 27 Inch Kenneth601 words
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276 1978-04-27 11 AFTER a marked improvement in its previous year's performance, Malacca based Ayer Molek Rubber Company has suffered a setback in its earnings for the first half of the current financial year. The company made lower pre-tax profits of M 5270.474 for the first six months276 words
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Article196 1978-04-27 11 PRIVATE Investment Company for Asia (Pica) has reached agreement with the shareholders of Kumpulan Emas to acquire a 25 per cent stake in the company. Application for approval of the investment is being made to the Foreign Investment Committee. The terms of the acquisition of the196 words
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Page 11 Advertisements
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Advertisement167 1978-04-27 11 cO^V ocv Aa vsfe'v.l"' The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. 2. Enjoying the benefits of over 90 years of tutorial expertise. 3. Being informed of the latest changes and current events and topics of interest and relevance through the exclusive167 words
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813 1978-04-27 12 Agencies THE WORLD Is enjoying a discount on the price of oil because of the falling dollar Opec's pricing currency. But observers fear that this may not be long for they sense a weakening in the resolve of the Saudi Arabians toAgencies - 813 words
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Article246 1978-04-27 12 Reuter THE president of Japan's Federation of Bankers' Associations, has called for liberalisation of Japanese capital markets to increase monetary and banking efficiency. Mr. Takuji Matsuzawa said the government should base terms of its national bond issue on market forces by introducing a competitive tenderReuter - 246 words
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Article441 1978-04-27 12 Reuter FOREIGN pressure will t build up for another rise In the value of the yen, at least in the short-term, as Japan will continue to have a large balance of payments surplus. Mr. Takshi Hosoml, adviser to the Industrial Bank of Japan and formerReuter - 441 words
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Article325 1978-04-27 12 Reuter THE STRONG economies of the world will be calling for help from their weaker partners this weekend. It used to be felt that the way out of the gloom was for the three powerful economies of the United States, West Germany and Japan to act asReuter - 325 words
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Article772 1978-04-27 12 LONDON. Wed. Government stocks and equities closed easier after a quiet session as sterling gave up some of its early rally, dealers said. Government bonds were around 1/4 point easier while leading industrial closed with net falls of a penny or two. At 3.00 pm. the Financial Times772 words
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300 1978-04-27 12 RESERVIBTB employed In the private sector will receive their make-up pay from their units in addition to their service remuneration from July 1. The Enlistment (Amendment) Act 1978 with the Enlistment (Lou of Salary and Wages Reimbursement) Regulations 1978 come into force300 words
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Article409 1978-04-27 12 CHAN BONG SOO - •y CHAN BONG SOO THE Singapore and West Malaysia/ West Africa Freight Agreement has Informed the Singapore National Shippers' Council (SNSC) that it is ready to reduce the proposed freight Increase of 13.4 per cent to 10.71 per cent, effective May But the SNSC and409 words
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Article114 1978-04-27 12 Reuter UPI THE Japanese Ministry of International Trade and Industry (Miti) is investigating reported attempts by International Business Machines (IBM) to sell an unveiled computer series in Japan, because such action is undesirable for Japan's industrial policy. An IBM Japan spokesman said it hasReuter; UPI - 114 words
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512 1978-04-27 12 UPI Reuter WORRIED that "a serious recession is a very real possibility," Senator Jacob Javlts, Republican-New York, urged Industrialised nations and Opec members to form a US$lOO billion (***** billion) capital pool for Investments In develops lng nations. "A serious recession is a very realUPI; Reuter - 512 words
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Article314 1978-04-27 12 Reuter THE CHAMBERS of commerce and industry of Asean (Asean-CCI) have suggested the setting up of a financial institution to fund Joint projects. This was announced in Jakarta on Tuesday by Frits Eman, the Indonesian chairman of the Asean CCI working group on industrial complementation, at theReuter - 314 words
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Page 12 Advertisements
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Advertisement296 1978-04-27 12 3 new fascinating collections from TIME-LIFE 14 volumes thot answer all the questions on what makes you and those around you tick, emotionally and mentally. It explains why and how people act and react you'll be surprised at what you can find out about yourself. And others. Each fully illustrated296 words
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Article4885 1978-04-27 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 Cwwrtli •iSwaDatek kaa a Ma« nr.4,885 words
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Page 13 Advertisements
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Advertisement473 1978-04-27 13 FOt MOtC MO FUTII SAILINGS MAERSK UNE SINGAPORE *****46 PENANG *****1 K.LUMPUR ***** P. KELANG *****0 SHIPPING STRAITS TRANSPORTATION PTE. LTD. COMPANIA NAVIERA MARASIA, S.A. FUU CONTAINERSHIP SERVICE TO AND FROM BARCELONA M3CMAKIIK UMftfflC IAKtLONA f. KELAftt STOK| $'PO« P. KELANG BAf.CELONA MEDITERRANEA May 1 MMTRUNC M LAURO/VICEROY/GLOBAL JOINT SERVICE473 words
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Advertisement371 1978-04-27 13 ocs MARINE FREIGHT MANAGEMENT SERVICE OUM s T'ORf I ft 7 M Getmal A|«nt OCS Pto Ltd Tat: *****14 I 2H2217 P#rl Ml* *«*l»t 18. Shipptni Sdn BM TM: *****5. *****6 Bangkok Afent OCS Tal: *****25 YAGUMA LINE Direct Loadinf to Rotterdam VttM< Port Krljnj Spore LMYSKCtt May 11/11 May371 words
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Advertisement12 1978-04-27 13 FORTNIGHTLY TO MIDDLE EAST LAND MV KFMtfMTED CONTAINER SCRVtCC BOOKING TEL *****2212 words
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Advertisement790 1978-04-27 14 SHIPPIN IF Hapag-Lloyd FULLY CONTAINERISED TO EUROPE H««| lUof Eifrtu M«w Mara Kwliw Bit City ft Edmbart Kanukan Man Ittawa Eiprm Tatoa Eipms 3/6 5/6 24/6 i EXPRESS CONVENTION TO EUROPE Spin P.Mant Ha B'laaa MwtstertW mPt 27/4 29/4 3/5 23/5 Hmw 11/s 'Naßfcknwn 11/5 13/5 17/5 Barfanstan 23/5 Buclwnsion790 words
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Advertisement859 1978-04-27 14 a SANKYQ LINE| AUSTRALIA SERVICE P. KtUnt Sinftport Ltadint for KYOTEN MAW IN PORT 31 Apr/1 May AOCI, MEL, STD MAY BREEZE 14/15 May 12/13 May BtIS.SYD.MEL SEA BLOOM 25/2S May 27/21 May *D£L MEL SYD. BANGLADESH SERVICE MAY BREEZE 30 Apr/1 May In Part CHITTAGONG. CHALNA GENERAL AGENTS CONTAINER859 words
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Advertisement470 1978-04-27 14 4 LAND U.S.A./ ASIA SERVICE On REFRIGtRATED CONTAJNF* S£RV>Cf SAILING EVERY MEMCSMT fOR PO«TS ID USA ICANAOA. CARIBBEAN. JAPAN. UMU TAIWAN. HOM ROM. TMMIANO *110 PHILIPPINES VESSEL/VOYAGE Vessel Ci.S Closes Dnurru??? drives/departs 5 00PM PONCE V-3Z3 MAT 3/3 MAY 1 GATEWAY CITY V-696 .MAY 9/10 MAYB PONCE V-324 .MAYIB/17 MAYIS470 words
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Advertisement972 1978-04-27 14 Everett Lines Bunm Fhft Star Sfcippiaf Carpa. "BURMESE NATIONAL LINE RANGOON Singapore HTONEYWA U/U Ml* BFS S C Agent* in Moloyva TEPS MALAYSIA Port Ketaog Tel (38)-7355 Peoona Tel *****/***** Nmkmb iKwwti—Hi S. A. C.I. F. 4 "ARGENTINE NATIONAL LINE" jj LOADING FOB DURBAN CAPETOWN BUENOS AIRES i PAMPA ARGENTINA972 words
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Advertisement721 1978-04-27 14 m JARDINE ANT AH H i > i Orient Overseas Go*Uai*teA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA Span P. Umi Salw LaNawa M'kwt CHnm.it* pmil iow a/4 a/4 ■NEPTUNE COBAL 7* 4/5 5/5 NEPTUNE PEAtt M 17/5 11/5 CHEWLIEI HUE IK 24/5 5/5 ■HRONG CONTAINER 1M 2/C 3/C HEaUTMM721 words
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Page 15 Advertisements
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Advertisement1158 1978-04-27 15 QCL Overseas Containers Limited H'burg Brem. R'dam Havre S'ton P. Keiang S'wi N*it Parts: CifttfEbargk Sailed Sailed ta>M« M Mr TK, KB IMP Mlr, SaiM SUM Sailed !»W IT Mr If Mr NK. Hi. Rankers Mara Sa<lH Sailed IXN 1 Mai J Ma, HK US teaaldir Sailed Sailed Sailed Sai'.a*1,158 words
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Advertisement1216 1978-04-27 15 Ben Ocean Ajant service of Ben Line EHueFknnel den bne and NSMO TO OR/CONTINENT (via Saul Siitpport P. Kelang Fenanf tiiroM SiHM W Pt/»1 Apr 20 May L uoo. Le.Jwes. Hall. 1/ I Mai 1/ I Mai 4/ Mai I taaa Bilban, Amsterdam, Oublm, Liverpool. Sailed 15/11 Mai II la1,216 words
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Advertisement1007 1978-04-27 15 BEN LINE CONTAINERS LOOTED CHS M tUK B HAVEN I'OU HAV*C SCTOM Smppera P. IUI«| W. GerKany Uttna MM Fraaca Ail (J K. I ScMdIMVUNONCRONC EXPRESS RITANO MAOU ■mm day lUKI MM CITY OF rOINOUOCN UMdU HMll oremen [im» OERAIDED TO* 10 [IWII n Oq it Mai it *ai n1,007 words
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Advertisement1074 1978-04-27 15 Scan Dutch *9 EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA fttCtt Iron P. Maiang Vet»l Francesca n umui FIMCfSCI S WtllMM ELEANORA 11/ Ml Kin >HM(!U S SELANOIA francisca ;/1 Ninon Stort U Mj«ill*S a Ktfam J) 1/ 11/ I J 11/ s a/ s mt s ii/1,074 words
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Advertisement484 1978-04-27 15 GUTHRIE BOUSTEAD k THE BANK LINE LTD. UABS FNLIL tFWI FMTUNE STAR [Mwrilia, Reunion Mombasa Tinp. Maiunfa. OiKtM. I.L. P. 1.. Capetown) Ptnnt P. M jnf a Mar/1 km Sport t%m Mar Fttti tut i tun *nic*y fm umm. mjumu fortune star p»m«i r niiin sport m trttim UIHUUI Pe«an|484 words
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Advertisement960 1978-04-27 16 "K" LINE KAWASAKI DON KAMA LTD. mil CONTAIHERISEI SOVICE TO EIROPE (VIA SUED S'port P. Ktlar.| L Havre HTwrj Brpmea IMai cacvuja rm i«w a a* n a* n May 21 May 23 May u Ha NEPTBNE CORAL TV 4 May 5 May 20 May a May May 30 Mi960 words
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Advertisement1126 1978-04-27 16 E. C. 11. S. A. ATLANTIC/GULF SERVICE ncceniK rtt/ia cmuikc nm vrrn. r. nun*, fount Laaliaf Mr: HORFOLK, NEW TOM, MW Mil AM, RMSTM. Sinfapore P. Kelanf Be Penanf "VISHVA MAYA" (DMA a Id) 11/11 May 18/10 May JI M Mar O/U Ma E.C./GREAT LAKES SERVICE Llttiai Mr: NORFOLK, NEW1,126 words
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Advertisement690 1978-04-27 16 NEPTUNE ORIENT LINES LTD FULLY CONTAINERISED SERVICES: to ciNfc (via mzr CHEVALIER PIK4 NEPTUNE CMAL NEPTUNE PEJUtL CHEVALIER ROZE HONGKONG CONTAINER MERCATOR t C. PA* S>ra Omni P. Kelang S'hampton H'bwg 29 Mr II May 21 May PCI Cart* 12M 27 A#r LCI Carp 2359 21 Apr IT faMtfci I690 words
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Advertisement662 1978-04-27 16 MALAYSIA* WTfPNATX3NAI SHIPPING CORPORATION BSHMAO ML n. H1244. EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/VK/CONTINENT/SCANDINAVIA •EST lIUNO feeder f. Krlanf Venal FMNCESCA ttl 4 UltlUt FIANCESCA ft/ JVTUNIIA ELEAMIA IJ/ HI. Kin FIANCESCA m I SI LAM IA Spoil 1) MMiMS z Mm S Hbarg 4) Gkurg 1/1 m nj i662 words
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Advertisement831 1978-04-27 16 INTRASEA (PTE) LTD P.ttn" Houst- >'.£ 0' "'vva .*r; S i;i' Telephone j„h'' M.V. IN VIMAT M.V. MIVU (C*at> AESIS HISPANIC INDEPENDENT SOII/FIU. CtNTAINER SERVICE Tt EIMPE pore P. Ml«n( hMl| laataß tar; II Ml l« Pwl A'*tr»;*'n« Mt«r| tM) <lU| Mltilltt/rtM/t'tta/ Htorg/Cturg II May 11 H»y 21 Har S831 words
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