The Business Times, 28 April 1978

Microfilm: NL9628
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, APRIL 28, 1978 50 CENTS I
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  • BRIEFLY...
    • Article
      Lock icon Hongkong rates
      69 1 Reuter HONGKONG, Thurs. The Exchange Banks Association said it decided to raise best lending rate to 5.50 per cent from 4.75 per cent beginning May 1. The rates on savings and three months deposits are also being raised to 2.25 per cent from 1.75 per cent, while the
      Reuter  -  69 words
    • Article
      Lock icon Gold forecast
      71 1 Reuter LONDON, Thurs. Gold looks set to advance beyond the US$lBO an ounce level this year even without further Increases in demand from speculators and investors, "Metals Analysis and Outlook" published by Charter Consolidated Ltd said in its latest report. It expects mine production this year to show
      Reuter  -  71 words
    • Article
      Lock icon HK silver trading
      57 1 Reuter HONGKONG, Thurs. Hongkong could soon cash in on the worldwide precious metal boom when silver trading starts here in the next two months. Trading in silver warrants, which are negotiable receipts, should start here next month or early June, the chairman of Hongkong's Chinese Gold and
      Reuter  -  57 words
    • Article
      Lock icon Pacific Basin meeting
      58 1 Reuter MANILA, Thurs. Senior executives from 13 nations forming the Pacific Basin Economic Council will meet here on May 7 to 10 to find ways of promoting trade and investment in the area. Members of the council are from Australia, Canada, Japan, New Zealand, US, Philippines, Hongkong,
      Reuter  -  58 words
    • Article
      Lock icon High inflow
      56 1 AFP KUALA LUMPUR, Thurs. Deputy Prime Minister Dr. Mahathir Mohamed said here today that foreign investments in Malaysia remain high despite the worldwide poor economic conditions. 7.ast year, 400 projects involving proposed capital investment of M 5882 million and with the potential to create 29,600 Jobs were approved
      AFP  -  56 words
    • Article
      Lock icon Bonn aids steel
      60 1 Reuter BONN, Thurs. The West German government announced official aid of over 2.5 billion marks (552.9 billion) for the country's coal and steel industries. Economics Minister Otto Lambsdorff said after a Cabinet meeting two-thirds of the aid will come from the federal government and the rest from
      Reuter  -  60 words
    • Article
      Lock icon EEC ultimatum
      56 1 UPI GENEVA, Thurs. The European Economic Community today sharply criticised tariffcutting offers made by the United States and Japan at the Tokyo Round of trade liberalisation negotiations. The Community circulated a confidential list of possible withdrawals from its original tariff reduction offer to be enforced unless the US
      UPI  -  56 words
    • Article
      Lock icon Dow Jones
      56 1 UPI NEW YORK, Thurs. Profit-taking drove stocks sharply and broadly lower early today In heavy trading. The Dow Jones Industrial average, which had risen 94.69 points the past six weeks, was off 7.35 points to 829.61 around 11 a.m. Declines far outnumbered advances, 836 to 277, among the
      UPI  -  56 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      125 1 Foils Most active Ayer Hium Tin 850 Magnum Corpn 304 St Steamship 272 OCBC 650 Tronoh Mine* 555 CCM 410 Oriental Hides 400 Pe«i 464 M Flour 348 Malakoff 269 Rises Berjaya Kawat 190 Berjuntai 745 Wearnea 285 C4C 348 M Banking 366 Dunlop Eat 320 Allied
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    • Article, Illustration
      In Kuala Lumpur
      162 1 Rises 1 Most active Castlefteld 12.60 .80 Haw Par 348.000 318.000 272,000 190,000 Fetaung 5.80 .20 A.P.I. Berjuntat Hong Kong Hong Leong 7.70 9.30 3.34 .20 .20 .16 Pahang Cons Treng. Dev CandC 3.58 .12 Total Turnover. 4.33 m Sg. Best 5.55 .10 Total Value: MS8.08 m
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  • Article
    Air of confidence over SBS issue
    1080 1  -  PROSPECTUS OUT TODAY By TOH THIAN SER THE long-heralded issue of the shares in Singapore Bus Service (1978) has now entered its final phase with the issue of the prospectus to the investing public today. A total of 20 million $1 shares is being
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  • Article
    Lock icon Morgan bids for stake
    182 1 Reuter MORGAN Guaranty Trust Is planning to acquire a 30 per cent interest in Bian Chiang Bank Bhd of Malaysia, a Morgan official said in Kuala Lumpur. He was confirming a report of the plan which would take Morgan into Malaysian commercial banking less than three
    Reuter  -  182 words
  • Article, Illustration
    US can attain 4.5pc growth this year
    635 1  -  By TERESA LIM MR. BERT LANCE, former US Budget Director and erstwhile close friend and adviser of President Carter, said yesterday that he would like to return to public service. But that, he added, would be In the long term. "That Is still
    635 words
  • Article
    Gatt is alarmed
    98 1 THE RISE of protectionism, which threatens the freedom of international trade, has reached its worst level for more than a generation, according to a Oatt report yesterday. The report says there is "a worldwide and disturbing resurgence in protectionist measures which in recent months have reached a
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  • Article
    HUDC will buy private houses for resale
    224 1 THE Housing and Urban Development Company (HUDC) said yesterday that it is prepared to buy completed but unsold houses from private developers for resale to the company's waiting list of more than 2,000 applicants. A spokesman for the company said it is the
    224 words
  • Article, Illustration
    Long-term export facility in the pipeline
    466 1  -  By SOH TIANG KENG EXPERTS in Government and financial institutions are now working out a new scheme to provide longterm finance for Singapore exporters and manufacturers. This scheme should strengthen the nation's export drive. The plans were announced yesterday by Dr. Tony Tan, chairman
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      7 1 COPIES ANYTHING. FITS ON A TABLE-TOP. uMki'j
      7 words
    • Advertisement
      Page 1 Advertisements Column 2
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      181 words
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      Page 1 Advertisements Column 3
      81 1 SEE PAGES 6 AND II SHIPPING TIMES WHAT'S ill store at the Asoon THE SBS story from birth to PEOPLE In business* *****11 2 GOODWOOD rapiiM* to SES MISTAKE to scrap handy- query tanke 7 s Malaya Glass lower US domestic airline industry LOOKING beyond the redis- for lt *®f
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      Page 1 Advertisements Column 4
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      3 1 SEE BACK PAGE
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  • TRADE AND INDUSTRY
    • Article
      Manila fair a showcase of Asean products
      633 2  -  By COLIN CHEE NEXT month, Asean businessmen and industrialists will be able to see the range of products and services available in each of the five countries at the first Asean trade fair in Manila from May 7 to 21. The emphasis will
      633 words
    • Article, Illustration
      OCBC's latest branch
      168 2 THE Oversea-Chinese Banking Corporation has added another on-line branch to its expanding network in Singapore. The new branch, on the ground floor of the Bukit Timah Shopping Centre in Upper Bukit Timah Road, will open for business tomorrow. It is OCBC's 18th full-service branch in Singapore and
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    • Article, Illustration
      PEOPLE IN BUSINESS
      168 2 MR Manfred Timmel has been appointed the executive assistant manager In charge of food and beverage at the Marco Polo. A graduate of the Hotel Management School, Heidelberg, Germany, Mr Timmel has had extensive hotel management experience, particularly in food and beverage. Prior to Joining the Peninsula
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    • Article
      Launch of essay contest
      159 2 THE University of Singapore has launched the Lim Tay Boh prize essay competition which will be held biennially. The topic for this year's competition is the development strategy for Singapore in the 1980s. The best entry will receive $3,000 cash from a fund set up in
      159 words
    • Article
      KL imposes new duties
      295 2 THE Malaysian government has imposed new duties and increased the Import duties on some items. Higher import duties on duplicating stencils, certain animals, some cutlery, certain parts of weighing machines, chemicals and some machine parts, have been imposed two weeks ago. The increase was announced by
      295 words
    • Article
      BATA AT PENINSULA
      40 2 BAT As new premier store at Peninsula Plaza will open for business tomorrow In conjunction with the official opening, the store will display 200 new styles in footwear from Europe. There will also be a fashion show.
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    • Article
      Lock icon Korean food ventures
      69 2 UPI THE South Korean government plans to allow joint ventures in processed foodstuffs with foreign firms. Officials at the Economic Planning Board said yesterday the foreign investors should be well-known manufacturers with advanced technology. Priority will be given to ventures using domestically produced raw materials, items not
      UPI  -  69 words
    • Article
      Lock icon Tokyo car exports soar to new peak
      605 2 Reuter AFP JAPANESE vehicle exports soared to a record 4.62 1 million in the fiscal year J ended last month, up 21 Der 1 cent on 1976. s Exports to the United States and the European Economic Community (EEC) rose substantially in the
      Reuter; AFP  -  605 words
    • Article
      MEMO PAD
      269 2 DATE TITLE VENUE ORGANISER COURSE "AND TALKS April 24 May 13 Middle Management Course SITC SITC April 27, Personnel Management 28 and Workshop Hilton Consulasla April 30 May 2 Corporate Survival in the 80s Melbourne ICSA Australla May 3 May 3-4 Marketing Now Assessment and Development Programme Hilton
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      525 2 Nordic Bank SUMMARY OF AUDITED ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 1977 CONSOLIDATED BALANCE SHEET 1977 Share Capital Reserves Subordinated Loans Current and Deposit Accounts Other Liabilities Total Liabilities and Shareholders' Funds Cash at Banks. Money at Call and Short Notice Certificates of Deposit and Bills of Exchange Deposits
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  • OVERSEAS
    • Article
      Lock icon Senate budget provides less for spending
      591 3 AP NYT THE SENATE on Wednesday approved a U*****.9 billion (551,147 billion) United States budget for next year that provides slightly less for overall spending but a bit more money for defence. The proposed spending plan for the fiscal year starting Oct. 1, which
      AP; NYT  -  591 words
    • Article
      Lock icon US rests case against IBM
      275 3 Reuter THE US rested its case against International Business Machines Corp, which is accused of antitrust law violations. Justice Department Attorney Raymond Carlson announced the conclusion of the government's case to Judge Davjd Edelstein, who is hearing the case without a jury. Mr. Carlson, who
      Reuter  -  275 words
    • Article
      Lock icon Tax on private coffee exports up
      197 3 AP BRAZIL has raised the tax on private exports of 60-kg coffee bags from US$9O (SS2O7) to $93. The increase announced on Wednesday by the Brazilian Coffee Institute is to compensate for a 1.9 per cent devaluation of the cruzeiro, the Brazilian currency. Brazil
      AP  -  197 words
    • WORLD IN BRIEF
      • Article
        Lock icon DATA CORP FINED $3M
        381 3 Agencies CONTROL Data Corp., one of America's largest computer firms, pleaded guilty on Wednesday to three criminal charges involving the bribery of foreign officials and were fined US$l.3B million (553.24 million), the largest fine of its kind in history. The Minneapolis-based company acknowledged two years ago
        Agencies  -  381 words
    • Article
      Lock icon GERMAN FIRMS SEE BAD BUSINESS CLIMATE
      202 3 Reuter MOST West German manufacturers see a deteriorating business climate in the next three months. They report that March order levels were little changed from December, said the Munich-based IFO economic research institute said. Firms reported that their current order books do not cater
      Reuter  -  202 words
    • Article
      Union boss seeks car price freeze
      376 3 THE PRESIDENT of the United Auto Workers Union has called on American car manufacturers to freeze prices of 1979 model cars, saying the union would be willing to take such an action into consideration In contract negotiations that begin next year. UAW president Douglas
      376 words
  • Page 3 Advertisements
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      313 3 "-W-! T •K* •>.': .>- -',v IW -> m m p* n f *5 r r > t ~*X >■> i -:!--?•2 n r v r: W :X K KV<" A<" V r ,x F;> \?>>"| P» I JS 'i>f£/.r V V P "T m VJ. f J > Tfc
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      607 3 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I Tail-ender (6) 7 Shape of the MO (4-4) 8 Ancient Egyptian game? (4) 10 The last thing to wear? (6) 11 Is this man Just average? (6) 14 Not off from college (3) 16 Examples of packing (5) 17 Reluctant meeters! (4) 19 Filleted
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      445 4 OPENING quotations here were marked up half a cent following higher London advices and prices later fluctuated marginally on some arbitrage selling and speculative buying Interest before closing higher on balance. Turnover was fair. The morning session closed slightly higher and May One RSS buyers finished
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    • Article
      RAS PRICES
      312 4 Prices In cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.S.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.S.S. UK/Cont. Int. 5 R.S.S. UK/Cont. Buyers 207.25 208.00 208 25 201.75
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    • Article
      SSR AND SMR
      98 4 NOON SSR and SMR prices yesterday: May June HAS (Current Mth) (For ward Mtb) Buyer* Seller* Buyer Seller. (cent* per k() (cent* per kf) SSR 20 (1-ton pallet) 198.50 200.SON 199.50 201 50N SSR SO (1-ton pallet) 196.50 198.SON 197.50 199 SON MRELB SRM 5CV (1-ton pallet)
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    • Article
      Palm oil
      86 4 C.I.F North European ports, in US dollars per ton unless otherwise staled LONDON: Wednesday Previous Malaysia 5% Ita bulk per tonne June 595 sir 580 sir Sumatra 5% ffa bulk April 665 sir 650 sir May 630 sir 615 sir June 600 sir 587.50 sir July 587.50 sir
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    • Article
      Closing prices
      29 4 Rubber: Apprii 27 Singapore: May 206.25 cents (down 0.75 cent Malaysia: May 211.25 centa (down 1.00 cent) Tin: 11.599 (unchanged) Official offering: 265 tonnes (down 15 tonnes)
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    • Article
      Hongkong comex
      138 4 THE SUGAR market yesterday closed quiet with turnover still steady at four lots. The cotton market eased 0.40-to 0.60 US cents in dull featureless trading, dealers said. Activity was confined to light trade selling throughout the session, while straddle between July and December was traded at a differential
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    • Article
      SPOT PRICES
      191 4 YARN and cotton In Hongkong dollars, spot ex-godown Cotton Yarn: China blue Phoenix 20s 1.750. 32s 2.055, 40s 2,170 (per bale of 400 lbs). Piece Goods: China Butterfly and Globe Brand unq. Dragon Head unq, Five Lambs unq, Flower and Butterfly unq. Flying Oeese unq (per piece 36
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    • Article
      Produce exchange
      379 4 PRICES all held steady In another day of quiet trading on the Singapore produce market yesterday. Activity was highest In the coconut oil and copra sector stemming from an Increased demand from Korea and the Indian subcontinent. These traders were asking for a total of 500 to 700
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    • Article
      Coffee
      401 4 ROBUSTA futures In London yesterday ended the opening call steady £14 to £2 per tonne up from Wednesday night. Turnover was 122 lots. Dealers said that In a quiet and basically featureless market, prices edged higher largely as expected following Wednesday's steadier New York close which followed a statement
      401 words
    • Article
      Sugar
      368 4 THE LONDON daily raw sugar price yesterday rose CI to ClO3 while the whites price remained unchanged at CllO. j At end-morning, prices had risen C 1.60 to £2.75 per tonne In a turnover of 1,409 lots including eight options. After Wie steady opening, prices fell back under nervous
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    • Article
      Cocoa
      270 4 TERMINAL cocoa in London yesterday opened with small on-balance changes about in line with expectations. The market appeared to be moving within a fairly broad trading range reflecting lack of fresh incentive, dealers said. The sources said political developments in Ghana were tending to support nearby position especially in
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    • Article
      Soybean
      200 4 CHICAGO soybean futures plunged late In the session on heavy liquidation, closing eight to 12 US cents a bushel lower and at the bottom of the day's trading range on Wednesday. Prices advanced as much as 15 cents In early dealings as buying was stimulated by the reduction In
      200 words
    • Article
      Straits tin
      233 4 THE STRAITS tin price In Penang yesterday stood unchanged at M 51,599 per picul, still $99 above the International Tin Agreement celling. Consumer demand was light from local and Japan with turnover decreasing to 265 tonnes from Wednesday's 280 tonnes. Ir i LONDON yesterday, Up 'ell by £85
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    • Article
      Zinc
      83 4 7.INC finished the morning with losses of £7.25 for cash and £6 for Three Months in London yesterday. The metal lacked fresh physical offtake and prices declined under hedge selling and stale bull liquidation down to £303 on the kerb compared with £308 at the start of the pre-market.
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    • Article
      Silver
      191 4 SILVER on the London Metal Exchange rose by 1.4 to 1.6 pence per troy ounce on Wednesday. The market firmed during early afternoon ring dealings up to 280.7 pence for Three Months based on the trend In gold and the Initial rise in US futures. A subsequent downturn at
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    • Article
      Rice
      202 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 pet 2nd class 427. 100 pet 3rd class 422. 5 pet 413. 10 pet 400. 15 pet 392. 20 pet 387 25 pet 377. 35
      202 words
    • Article
      Wheat
      101 4 WHEAT futures In Chicago on Wednesday were down to 2<4 US cents a bushel at the close but finished the session several cents above the day's lows. The market advanced about three cents in early trade as exporter buying and the strength of soybean futures stimulated short-covering and speculative
      101 words
    • Article
      Duty rates
      70 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from yesterday until further notice: Kabhar: 206W cenU per kilo Capra: M 5884.60 a ton. Fatal Kmel: MS23O 03 a ton The rates of duties payable are: Ruhbar 355. cents per kilo (research ress one cent
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    • Article
      Copper
      367 4 COPPER wire bars finished the morning In London yesterday with losses of £4 for cash and £3 for Three Months. Values were easier under modest liquidation prompted by lack of followthrough to Wednesday's physical offtake and steadier sterling against the US dollar, traders said. Three Months traded down to
      367 words
    • Article
      Gold
      472 4 THE KILOBAR In Singapore yesterday opened at 5512.819 and closed at $12,852 in quiet trading. In the loco London market, the metal opened at U*****.70/169.00 and closed at U*****.50/80. The London morning gold fix was U*****.35, up 45 cents on the previous fix. Source: Singmaa Retail prices per tael
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    • Article
      Lead
      108 4 LEAD finished the morning with losses of £3.25 for cash and £2.25 for Three Months fn London yesterday. Prices declined under liquidation prompted by easier copper, but the lower levels found short-covering support prompted by reports of some Continental physical demand, dealers said. Three Months traded down to £312
      108 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        491 4 THE FOREIGN exchange market yesterday saw the US dollar coming under heavy speculative pressure, following reports that Plme Minister Fukuda had said Japan has no chance of cutting its current account balance of payments surplus In fiscal 1978. Opening at 223.30/40 against the yen the US unit was
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      • Article
        Minimum lending rates
        66 4 THE PRIME rate of most commercial banks in Singapore now stands at 7 per cent. Oversea-Chinese Banking Corporation is still ofTerinK per cent to its best customers while United Commercial Bank is maintaining its prime rate at 7'< per cent. The stated prime rate of the bank
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      • Article
        Asian $ rates
        172 4 Asian rates ASIAN currency deposit Interbank rates as at close on April 27: US Dollar* (Spot) Offer Bid 7 days ...7 1/8 7 I mth ...7 ia/ie 7 11/16 2mths ...7 9/16 7 7/16 3 mths ...7 5/8 7 1/2 6 mths ...7 ls/ie 7 13/16 9 mths .8 7
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      • Article
        Euro $ rates
        80 4 Euro rates LONDON Eurodollar deposits were steady yesterday but with a firm undertone in quiet trading ahead of the US money supply figures. Eurodollar deposits opening quotes yesterday: Overnight 20-7/16, 20-5/16 Weekend 3-7/6. 3-3/4 Tue»/ Wed 7-1/16, 6-15/16 Call two days 7-1/16. 6-15/16 Seven days fl* and nouce 7-3/16, 71/16
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      • Article
        Zurich
        80 4 ZURICH exchanges closing quotes on April 20: U8 1 9630 9650 Stg 3 5640 5666 Can 1 7286 7310 D Mk 94 2753 4394 D Fl 88 2644 4139 F FT 42 4706 5417 B Fr 6 0680 0770 D Kr 34 5538 5661 N Kr 36 1843 2346
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        Discount
        47 4 RANGE of prices offered by discount houses on April 27: Overnight 3'*% to Call deposit Cloaiac Buyiac 3-Month Selling Treasury bills 31/4 31/8 3-Month Bank bills 4 7/g 4 3/4 3-Month CD 4 15/16 413/16 6-Month CD 5 1/4 5 1/8 Source: National Discount Co Ltd
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      • Article
        Hongkong
        136 4 IN MODERATE trading yesterday, the US dollar closed slightly weaker against major currencies although above its lowest level against the yen. Conditions steadied in the afternoon, after an earlier flurry on a Jiji press report that the US March trade deficit with Japan reached a record high, dealers said.
        136 words
      • Article
        London
        245 4 STRONG commercial buying of yen for settlement of end-March Japanese export contracts brought the Japanese currency higher against the dollar, spilling over into the mark and swiss franc at the opening here yesterday. The other principal feature in a generally moderate market was a fairly sharp widening of dollar
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      • Article
        New York
        175 4 ALTHOUGH eenerally weaker, the dollar closed mixed against major currencies in relatively quiet trading on Wednesday. The currency Improved slightly on news that the US trade deficit narrowed to US$2.7B billion in March from February's record $4.52 billion, dealers said. However, the reaction was short-lived and the dollar
        175 words
      • Article
        Tokyo
        169 4 x HE US dollar for overnight delivery yesterday closed lower at 223.60 yen, compared with a 224.00 opening and 225.85 at Wednesday's close. Trading was active with volume US$499 million. The US dollar fell sharply in early trading to 222.35 yen as foreign and Japanese banks sold dollars to
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      • Article
        Australia/NZ
        61 4 AUSTRALIA and New Zealand exchanges on April 27: AUSTRALIA US dolar 1.1358/1.1310 Sterling 0 #254/0 #183 Clnety-day air mall buying rates Sterling 0 #434 US dollar 1.1858 Ninety-day air mall buying rates Sterling 0 6277 US dollar 1 1328 NEW ZEALAND Sterling 0 5575/0 5544 US dollar 1 0152/1
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      • Article
        Frankfurt
        50 4 FRANKFURT exchanges opening quotes on April 27: US 2 0780/75 <2 0795/810) Can I 8340 00 Sl« 3 77/78 D F1 93 55/70 S Fr 106 00/25 Ut 2 387/397 F Fr 44 90/45 00 N Kr 38.23/33 B Fr (con) 8.419/429 B Fr (fin) 6.41/42 Yen 0 9270/90
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  • Page 4 Advertisements
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      61 4 How Lady Godiva was side-tracked to c.~ I t A Wr fej*: Our Lady Godiva rode by as fair as fair couid be. On a white horse she did come, riding high and free. Klip-klop klip-klop went Equus; It wasn't in a dream that we did see her MM m
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      Page 4 Advertisements Column 2
      52 4 VIC BaiMiag, Sfceataa Way 1,800 sq. ft. of prime office spoce on the Mezzanine Floor of prestigious UIC Building for rent or sale. Fully carpeted and adequately served by escalators elevators. Very suitable for foreign merchant banks or insurance companies. For further information, please call Tel: *****02, Mrs Ghia. No
      52 words
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  • TRANSPORT
    • Article
      Mistake to do away with handy tankers
      1052 5  -  By TERESA LIM ALTHOUOH the supply of tankers is excessive now, overtonnaglng is mainly confined to the larger tankers. Small and medium tankers, ranging from 13,000 to 25,000 dwt, may actually be facing the prospect of undertonnaglng. Because of the all-perva-sive panic with
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    • Article
      Lock icon Thumbs-up for conferences
      340 5 AFP Reuter CONFERENCE lines associations of shipping companies serving particular world trade routes were given a clean bill of health on Wednesday in the first comprehensive, independent study ever carried out in the 100 years of their existence. The study was arranged against a background of the
      AFP; Reuter  -  340 words
    • Article, Illustration
      SHIPS IN PORT
      317 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Tsu (2300 after Scotland Maru) 10/11 Tapah (1300) 21 EAST Perak (1500 21 WEST Montes (0600 23 Tung Chlng (1100 27/28 La Rloja (1200 after Tadeusz Ocloszynskiy) 31/32 Bunker Friendship (B. Barge) (1200 after Esso Jurong) 40/41 Kawana (Car Carrier) (0800 after
      317 words
    • Article
      Lock icon KELANTAN SEEKS JAPANESE AID FOR NEW PORT
      236 5 Reuter THE KELANTAN state government has sought Japanese government assistance to conduct a feasibility study on the building of a mini-port either at Kuala Semerak in Paslr Putlh district or Tunroat. Chief Minister Datuk Hajl Mohamed Ya'acob made the request when the Japanese
      Reuter  -  236 words
    • Article
      Lock icon LONDON FREIGHT
      167 5 UPI FREIGHT markets on Wednesday maintain their new-found buoyancy on a wide scale and conditions appeared set for sustained rate strength. The Far East demonstrated rather more timecharter interest, bookings including the charter of the 76,671 dwt Damodar Dr. Albert Bloch at US$l.9O (554.35) per dwt for a
      UPI  -  167 words
    • Article
      Lock icon Action to prevent DC-10 tyre blowouts
      588 5 NYT A NUMBER of tyre blowouts on DC-10 airliners, including one that led to a fatal accident in Los Angeles on March 1 and another that brought a close call In Honolulu two weeks ago, have prompted a series of urgent remedial efforts by
      NYT  -  588 words
    • Article
      Lock icon Hazards facing dock workers
      192 5 AP THE International Labour Organisation (ILO) called on Wednesday for a worldwide convention to protect dock workers against severe accidents. "Dock work remains a dangerous occupation and the severity rate of accidents occurring in the loading and unloading of ships is particularly high," said an ILO
      AP  -  192 words
    • Article
      Lock icon Shipowners want freeze on debts
      240 5 Reuter FRENCH shipowner^"are seeking a government moratorium on debts totalling around 12 billion francs (SS6 billion). No comment was, however, available from the government. Shipowners Association chairman, Mr. Edouard Cangardel, said the debts have been accumulated due to worsening financial conditions over the last few
      Reuter  -  240 words
    • Article
      Lock icon Hongkong in no hurry
      134 5 Reuter HONGKONG'S Secretary for Economic Services, David Jeaffreson, said that It will take at least 18 months before the government decides whether to build a new airport. Speaking in the Legislative Council, he said that the government has adopted a "stage by stage" approach in looking
      Reuter  -  134 words
    • Article
      SELLING THE QUEEN
      96 5 OFFERS to buy the liner Queen Mary have poured In from around the world since it went up for sale last month, Long Beach city officials who run the ship as a tourist at traction, said. The offers not all regarded as serious include proposals to convert
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    • Article
      Lock icon Bailing out Sasebo
      263 5 Reuter FOUR major shareholders in Sasebo Heavy Industries have agreed to cooperate with the government and banks to help salvage the ailing shipbuilder along the line of a three-year reconstruction plan recommended by the Japanese Transport Ministry. The four Nippon Steel Corp, Kurushima Dockyard. Nippon Kokan Kaisha
      Reuter  -  263 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      552 5 ARRIVALS Service Local Operator Number Time Prom SIA SQ240 1210 MES SIA SQ911 1220 SFO/HNL/GUM THAI TG413 1245 BKK KLM KL833 1305 AMS/ATH/KHI/ CMB MAS MH651 1330 PEN/KUL SAS SK971 1335 CPH/DEL/BKK SIA SQ455 1340 BWN SIA SQ611 1340 BKK GIA GA900 1400 HLP CPA CX703 1415
      552 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      238 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL: *****55 -f Coll us for your local or onward reservations PSH i s $105/ POST FREE 310 pages. 30 x 27.5 cm with 253 illustrations including 92 plates in full colour. In the kingdom of flowers, orchids are the undisputed glamour queens.
      238 words
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  • Article
    Pricing of SBS share issue unrealistic
    365 6 CRITICISM of the imminent offering of shares in SBS to the public has tended to revolve around the rights and wrongs of allowing the use of CPF savings for the purchase of shares In the company. These funding arrangements, however, should be looked at
    365 words
  • Article
    Real worth
    298 6 Accepting that there was and Is an Intention seriously to Involve the public It would clearly have been better to pitch the Issue price closer to the real worth of the shares. Very favourable bus fare concessions to shareholders will help retain a few shareholders but very few
    298 words
  • Article, Illustration
    Lock icon Life-jacket on, trouble ahead...
    1900 6  -  By WINSTON WILLIAMS NYT THE US$l6 billion (5530.8 billion) domestic airline industry, nurtured on a diet of regulation, protected routes and administered prices, has suddenly been thrust out Into the cold. Since the appointment of Alfred E. Kahn as chairman of the Civil Aeronautics Board a
    NYT  -  1,900 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      458 6 406/407 Havelock Road, B'pore 3. Tel: *****1 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 Mlna (from Japan) and Louis Tan Limited 3 treat you to a
      458 words
    • Advertisement
      Page 6 Advertisements Column 2
      213 6 9NGAFORE HLFON 581 Orchard Road, S'pore 9. Tel: *****3 HiiTs 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 performers entertain
      213 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      61 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 27 it the airport. Maximum Temperature 30.6° C Associated Humidity 73 Minimum Temperature 22.6° C Associated Humidity 99 Hours of Sunshine 0.55 Rainfall in Millimetres 16.4 Total Rainfall
      61 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      253 6 m SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee Who Is To Be Blamed? A Mandarin film (Repeat) 4.30 Intermission 6.05 Opening announcements followed by Exercise With Gloria 6.30 News in Brief 0 6.35 The Tony Randall Show Case: McClellan vs Immigration 4 7.05 Serbanika (Last in series)
      253 words
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  • Article, Illustration
    Lock icon ...and your captain is Alfred Kahn
    1600 7  -  By ERNEST HOLSENDOLPH NYT HE IS a man who likes to pad around the office In his socks a man who, as chairman of the Civil Aeronautics Board, says he knows nothing about airplanes. But Alfred E. Kahn, the Cornell Economics Professor and former
    NYT  -  1,600 words
  • Article, Illustration
    STRAWS IN THE WIND
    516 7 THE British are a bit puzzled about one of their most successful exports to the Japanese "Bunnykins" eggcups, of a style much favoured in the old Edwardian nurseries. They feel it is not as though the Japanese noticeably cared so much for boiled eggs, English-style. Nor
    516 words
  • Article
    Lock icon Mystery surrounds diamond thefts
    592 7 AP IT WAS Just routine. A banker, a customs man and a Diamond Exchange official had gathered in an Israeli office to witness the opening of a shipment of diamonds a mere formality. The seals were broken, the cardboard box opened. Inside lay a Joker from
    AP  -  592 words
  • Article, Illustration
    Lock icon Absolute figures mask reality
    889 7  -  iFOBPIXftJII Ton I economics I ■y JOHN DRYSDALE Mr. Drysdale is a director of Asia Research Pte (Ltd). AN ARTICLE a week or so ago in The Ttmes (London), written by two French l authors, sent me scuttling s to the latest copy of the International
    Source: International Financial Statistics  -  889 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      296 7 -fst MjMW i-' »*-r 1 KING'S HOTEL Havelock Road, Singapore 3 Tel: *****1 LADYHILL HOTEL 1 Ladyhill Road, Singapore 10 Tel: *****1 LION CITY HOTEL 15 Tanjong Katong Road, Singapore 15 Tel: *****1. HOTEL MALAYSIA 40 Cuscaden Road, Singapore 9 Tel: *****1 THE MANDARIN SINGAPORE 333 Orchard Road, Singapore 9
      296 words
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      Page 7 Advertisements Column 2
      18 7 ht 4 Not a drop is sold Till it is 12years old PI k, 'Mr UM >1 *Jfi>
      18 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      62 7 DllStoW '.FfcnkDictens z Lives.'.'/ to* u) wpk \s IT 60m6 > scare? we ROOD? yTue Dgepoep nuurcs^V .<», 2* V -.iM < j{ -j <s c LOmp< CLump* CHRP BPCfc TwtCfce PI Puprr BPftteßy S LOQKII4G FoR Sorr>£ONf x 9 H<rn POSH \utiJffl aa a gj& LB XituSiW y[ fflQj!
      62 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Spotlight on blue chips
      445 8 TOKYO Source: DBS-Daiwa IN the lull preceding Golden Week (three national holidays), share prices declined on smalllot selling centring on blue chips as Investors retreated to the sidelines yesterday. The stock market opened firm early in the morning with lowpriced chemical and textile issues continuing to
      Source: DBS-Daiwa  -  445 words
    • Article
      Lock icon Hongkong
      425 8 Source: Sun Hung Kai Sec Ltd THE market opened on a weak note yesterday morning despite prices being marked higher in London last night. Rumours of a hike in the local prime rate affected sentiment and some light selling pressure found buyers unwilling to pay up. The undertone was
      Source: Sun Hung Kai Sec Ltd  -  425 words
    • Article
      Sydney
      421 8 THE market reached a new peak yesterday for the All-ordl-narles Index with strong rises across the boards In the wake of the drop in the Inflation rate announced on Wednesday. Dealers said BHP rose to a new high for the year of A 56.54 before easing to close at
      421 words
    • Article
      Manila
      128 8 THE market closed higher yesterday, with all sector averages posting slight gains and turnover slightly higher at 2.19 million pesos from Wednesday's 2.07 million. Dealers said leading commercials, minings and oil Issues rose, this being attributed to advancing copper prices. apr n Pesos Acoje Mining 008 +0.0004 Atlas Con
      128 words
    • Article
      Bangkok
      140 8 apk r Bah is Asia Fibre 247 -1 Bangkok Bank 375 4-2 Bangkok Invest. Bangkok-Metro-politan Bank Bata BerllJucker 468 -2 Carpet Intnl 335 -10 Charoong Thai Wire 283 -1 Dumex DusltThanl 326 -18 Faber Merlin First Trust Genera Finance 364 +4 Indo-Thal Industrial Finance Corp 2505 -10 J And
      140 words
    • Article
      Generally mixed
      576 8 r i FA RoI'KAS MA Ix'KhlS THE FRANFKURT' market closed mixed after some early demand was cancelled out by foreign telling order* on Wednesday. BMW led motors up to 3.50 marks higher. while Contl Oumml advanced 1.90. Hoechst gained 90 pfennigs following Tuesday's dividend announcement and moat other
      576 words
    • Article
      Frankfurt
      190 8 APR H Dm Aef-Telefunken Akzo Allz Leber AllzVers BASF Bay HTWbank Bay Vbank Bayer BBC BMW Casselia Chem Verw Commerzbank Contt Oumml C-imler-Benz Degussa Demag Deutsche Bank Dresdner Bank Dt Texaco Dyckerhof (ST A Enka Giants Gelsenberg OHH Hapag-Uoyd Harpener Hoechst Hoesch Horten Kali Salz Karstadt Kaufhof KHD Kloecknerwerke
      190 words
    • Article
      Amsterdam
      232 8 APR 2* FU ABN 340.00 ♦2 Ahold 08 20 -10 Akzo 25 00 -0 8 AMEV 83 80 -02 Amfas 108 00 -1 Amrot Bank 74 50 ♦0 1 Bergoss 55 80 unch Berk 87 00 -0 1 Bo Is 89 00 -0 3 BorsumlJ 151.00 +1 Burhmann 87
      232 words
    • Article
      Paris
      268 8 APR K FYs CORBEILLE Alr-Uqulde 313 B 8 N Oervals Danone 481 C 8 F (ThomsonCsf) 230 Cie Francalse des Petroles 127 Compagnle Financier* Compagnle Generale 370 Credit Foncter De France 331 Hachetie (Llbralrle) ***** Machines Bull 35 95 Micheltn(B) 1484 Parlbas 159 80 Pechlney CI gin* Kuhlmann 88.40
      268 words
    • Article
      Zurich
      184 8 APR M Francs Actions Sulsaes Ml -4 AlusulsacBr. 1090 unch AlusulsseReg 503 -6 Brown Boverl Br. 1535 4-10 Clba 0«l(y Br 1120 4-20 ClbaGelgy PC 830 20 Clba Oelgy Reg 825 -5 Credit Suisse Br 2090 -10 Credit Suisse Reg 410 unch ElektrowattBr. 1560 unch Qeorge Fischer Br 950
      184 words
    • Article
      Brussels
      92 8 APR Fn FORWARD MARKET Awe 271 -19 Arbed 2200 -35 Astur 744 -6 Brascan 465 unch Bru-Lamb 1600 unch Canpac 532 4-4 Cock 387 -21 De Beers 158 1 Ebes 2470 10 Electtobel 6510 unch Gb-Inno-Bm 2180 30 Oev 1410 unch Hobok 2545 -40 Petto 4250 10 Ryl Dutch
      92 words
    • Article
      Milan
      100 8 APR K Lire Anlc 93 23 1.75 Assoc Gen ***** -120 Bastogl 420 14 Centra le 3485 35 Flat 1812 -11 Flnstder 75 -2 25 Oen Immob 77 1.5 IFIPrl 2078 -10 Ilalcementt ***** 110 1 u»i gas #2« -2 Iialsider 140 -1.75 Magnetl M Pf 444 1 Marelll
      100 words
    • Article
      Jo'burg
      195 8 THE market on Wednesday was firmer across the board In fairly heavy trading following the South African acceptance of the Western powers proposals on South West Africa/Namibia. Higher bullion prices continued as an additional hardening influence on the gold sector, and heavyweights gained up to 230 cents. Financial minings
      195 words
    • Article
      Selected indices
      63 8 FINANCIAL TIMES INDUSTRIALS Wednesday 457.8 Tuesday 460.7 Week Ago 461.6 DOW JONES AVERAGE INDUSTRIALS Wednesday 836.07 Tuesday 833.59 Week Ago 808.04 LONDON DOLLAR PREMIUM Wednesday 109'% to 10JH4 Tuesday 109 to 109 Vi H.K. HANG SENG Thursday 456.02 Wednesday 459.91 Week Ago 448.91 SYDNEY INDUSTRIALS Thursday 418.29 Wednesday
      63 words
    • Article
      Shares stay up
      1083 8 NEW YORK THE stock market ran Into profit-taking on Wednesday but managed to stay ahead during most of the session. Trading volume on the New York Stock Exchange remained heavy about 44 million shares changed hands but fell short of Tuesday's 55.8 million shares. Analysts said the
      1,083 words
    • Article
      CHICAGO BOARD OPTIONS
      1446 8 April 26 TRADING on the Chicago Board Options Exchange came to 204,030 contracts on Wednesday compared with Tuesday's 273,014. OPTION JLY OCT JAN STOCK Alcoa 40 a 1/4 8 3/4 UNTRD 45 V4 Alcoa 45 27/8 37/9 UNTRD 45 V4 Alcoa SO 2 7/t 21/4 45 V4
      1,446 words
    • Article
      Toronto
      335 8 SHARE prices on Wednesday closed a shade higher ltf busy trading, with the com-' poslte Index up a fraction and advances leading declines 227 to 174. Eight sub-groups rose with communications and management companies posting the sharpest gains. Chrysler, which reported a first quarter loss, fell 1-1/8 to 13-1/8
      335 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      117 8 in PAN Paperback LE CA«E THE HONOURABLE SCHOOL' HIS LATEST I \Vi>RLn BESTSELLER 'THE PREMIER SPY NOVELIST OF HIS TIME PERHAPS OF ALL TIME Ihe nitit- novel. London. Hongkong. Vientiane art- the «.ettint:- and (leorge >nule\ and i onijiain are hark I' i> hard t<• *ee how even le irre
      117 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon INSTANTS YET TO CLICK FOR KODAK
      469 9 NORTH AMERICAN Reuter EASTMAN Kodak Company. which last weekend reported its best quarterly prwrt gain in history, said it still was losing money on sales of its Instant cameras. 2 l ßut our projections tell us the operation will be profitable," chairman winter Fallon
      Reuter  -  469 words
    • Article
      Lock icon Highest quarter at Union Carbide
      223 9 Reuter TWO of US' largest chemical manufacturers have reported lower profits for the first quarter of 1978. Union Carbide Corporation* blamed a 3 per cent decline In profits on the severe winter weather, the prolonged coal strike and currency losses. However, It said sales for
      Reuter  -  223 words
    • Article
      Lock icon Forex losses cut Texaco's earnings
      293 9 Reuter TEXACO Inc's first quarter net income was reduced by U5926.8 million from foreign currency translations, principally from the weakness of the US dollar compared with the West German mark and the Japanese yen. Chairman Maurice Granville told the annual meeting, in last year's first
      Reuter  -  293 words
    • Article
      Lock icon Warner's good show
      181 9 Reuter WARNER Communications Inc reported a 13 per cent rise in first quarter net and said an excellent performance by its recorded music/filmed entertainment and publishing line! accounted for this. "Die company reported fulfy diluted per share earning rose to US$l.4l from $i!M. Iwsaid recorded music's revenue
      Reuter  -  181 words
    • Article
      Lock icon Dome Petroleum
      169 9 Reuter TOTAL Petroleum (North America) Ltd said it and other interest holders agreed in principle to sell Dome Petroleum Ltd and interest in a block of Federal Canadian offshore permits covering about 468.000 acres. The area is in the eastern portion of the Beaufort Sea, about 56 km
      Reuter  -  169 words
    • Article
      Lock icon LENDING TRADE BOTH BRISK AND SLUGGISH
      169 9 Reuter BANKAMERICA Corp president A.W. Clausen said despite continuing public uneasiness about foreign lending, Bankamerlca's loan portfolios are healthy. Clausen, In prepared remarks for annual meeting, said Bankameroca's foreign losses have not been out of line with Its general loss ratios and It foresees
      Reuter  -  169 words
    • Article
      Pepsico opines
      72 9 PEPSICO Inc said a Federal Trade Commission ruling, which would deny the right of exclusive territories to its bottlers on the grounds that such exclusive territories violate anti-trust laws, would force unnecessary changes in the bottling Industry. The ruling would also affect Coca-Cola Co which has a similar
      72 words
    • Article
      Lock icon P. Bukom complex
      74 9 Reuter UOP Inc said a Joint venture of its Procon international Inc subsidiary's affiliate, Procon (Great Britain) Ltd of London, and JOC Corp of Tokyo was awarded a process design and engineering contract for a hydrocracker complex in Singapore. It said the total installed cost of the
      Reuter  -  74 words
    • Article
      Lock icon Shell pumps more into North Sea
      695 9 EUROPEAN Reuter LONDON: Shell UK expects its share of North Sea oil production in 1978 to be virtually double the average 40,000 barrels a day of last year. Royal Dutch Shell grgup treasurer and Shell Internationale Petroleum Co Ltd director J.H. Macdonald said In
      Reuter  -  695 words
    • Article
      Pessimism in the air, says Schroders' chief
      344 9 UK i ndustry's demand for new capital Is expected to be at a low level in 1978. This is likely to have an adverse effect on the traditional banking and corporate finance business of Schroders. the Earl of Airlie, the chairman, says in
      344 words
    • Article
      Lock icon Woolworth results
      141 9 Reuter LONDON: F.W. Woolworth and Co Ltd chairman S.J. Owen said the company's sales rose in the first quarter ending April 30. compared with the same quarter last year, but profits fell. At the annual meeting, he said the contribution of the first three months in any year
      Reuter  -  141 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      917 9 Toronto Dominion Bank. Statement of Accounts for year ended 0ct0ber31,1977. Note: All figures quoted in Canadian dollars. Statement of revenue and expenses For the year ended October 31,1977 (with comparative figures for preceding year) Revenue 1977 1976 Income from loans 1,209.683.486 1.083.547.850 Income from securities 123.298.659 114.086.272 Other operating revenue
      917 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1494 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the world "sett" Big Board deal
      1,494 words
    • Article
      Government bonds
      135 10 lUp Spore D Mark 7% 1982 i 100.000) (102 WB lop Sporo I 1/2* 1983 (100.000) (101 %B 102SS) Rep Sporo 7 3/4% 1987 (100,000) (99*8 1008) 5 1/4% IS/19/79 (250,000) (101.308 101.808) 5 3/4% 1/1/78-8# (250,000) (101.15B) 4 3/4% 15/9/80 (250,000) (100.258 100.408) 5% 15/4/81 (250,000) (100.858
      135 words
    • Article
      Corporate bonds
      241 10 Australian D B 8 1/4% 1982 (100.000) (95W8 96 V «S) Auatralian D B 19% 1982 (100.000) (98*.8 9958) B O T 8 1/2% 1981 (100.000) (100 WB 101S) B O T 7 5/8% 1984 (100,000) (9558 90S) B O T Floating 1984 (100,000) (99VtB 1008) C Itok
      241 words
  • Article
    Unit trusts
    138 10 SINGAPORE UNIT TRUST INCOME BOND UNIT iMuim 1 pricei The Commerce for April I.H 2.OS INCOME BOND 1 04 1.10 The Saving Fund 1.15 1.22 MARA RITMTPIfTRA FITND S'pore Prof Fund ON O.W First Bumlputra nr Apru zs> S pore Security Fund 2.57 2.62 1.81 192 Second Bumlputra
    138 words
  • Article
    SHARE INFORMATION SERVICE
    2459 10 Laat Gr'» Gr't Net 1978 Company Div Div Y'ld P/E Vol Day HiKh Low Safe +OT- C'vr COOO) High Low SECTION ONE INDUSTRIALS 181 132 Acma 169 unch 12.ON 1.8 7.1 10.0 11 170 168 213 123* Alcom 202xall 10.0 2.2 4.9 14.9 146 112 Allied Choc
    2,459 words
  • Article
    Stock options
    107 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bla and offer prices and business done yesterday, with the number of options traded shown In brackets. Cold Storage (June $1.70) (0.508 O.SGS). C and C (June $2.20) (1.278 IMS). P and
    107 words
  • Article
    In Kuala Lumpur
    1699 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the numbet of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Acma (1.698). A/inamoto (2.228 2.288) XALL Almhi (1 808 1 938)
    1,699 words
  • Article, Illustration
    Prices move narrowly
    890 10 SINGAPORE PRICE ■oTennti were generally restricted to range of six cento or lees in mixed but active trading on the Stock Exchange of Singapore yesterday. Conditions were initially steady to (Inn but prices began to slide after the first hour. In the afternoon, moot counters managed to
    890 words
  • Article
    KLSE spotlight on Haw Par
    576 10 TRADING focussed on second and tnird liner stocks in a generally mixed session on the Kuala Lumpur stock market yesterday. A combination of profittaking and sustained speculative buying was the order of the day among the lower priced stocks. These counters generally traced an irregular
    576 words
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  • COMPANY NEWS
    • Article, Illustration
      SBS gives you a good run for your money
      1510 11  -  "y TOH THIAN SER and ARTHUR NG IT WAS not so long ago that the public was sceptical of the viability of Singapore Bus Service Ltd. It was not so lon% ago that the company was criticised almost dally for its
      1,510 words
    • Article
      Goodwood overdrafts
      175 11 THE Goodwood Park Hotel said that Its accumulation of bank overdrafts totalling $25.76 million and deposits totalling $22.64 million was in readiness for its acquisition of Hotel Summit, announced last week. The Summit purchase agreement was for $20.85 million. Goodwood was replying to a SES query regarding the
      175 words
    • Article
      SUT
      23 11 YESTERDAY'S report on Singapore Unit Trusts refers specifically to the gross distribution for the Savings Fund, one of the company's five funds.
      23 words
    • Article
      DIVIDENDS ANNOUNCED
      718 11 Current Eh Book. Date Total for Tatalfor payment Date cloae payable the year previoua > G.E. Life 22%<k) Apr 17 Apr 24 Apr 27 33% 29% A. Enterprise 10%<n) Mar^l Apr 12 Apr 28 20% 20% Talam Mines 5%<n) Mar 31 Apr 12 Apr 28 15% 15% United
      718 words
    • Article
      SCRIP ISSUES
      263 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) Sine Darby Kramat Tin United Overseas Bonus Issue of 3 for 1
      263 words
    • Article
      COMPANY MEETINGS
      270 11 Dunlop Malaysian Industries Bhd: AG M to be held at 4, Jalan Tandang. Petaling Jaya. at 12 noon, on April 28. Mars Holding Bhd: EOGM to be held at 10th Floor, Bangunan Dato* Zainal, 23, Jalan Melaka. Kuala Lumpur, at 10.00 a.m. on April 28. Kempas (M) Bhd:
      270 words
    • Article
      M. Glass lower
      350 11  -  ®y DAVID CHOW POWER failures and labour disputes have damaged Malaya Olass Factory's performance during its first half to last Jan. 31, despite a healthy rise In turnover. An indication of this was already given In the last chairman's statement which reported that negotiations on a new
      350 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      266 11 Straits Steamship Company Limited Incorporated in Singapore NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held in the Tower Room, Ocean. Building, Collyer Quay, Singapore 1, on Thursday, 18th May 1978, at 9.00 a.m. ORDINARY BUSINESS 1. To receive
      266 words
    • Advertisement
      Page 11 Advertisements Column 2
      753 11 Straits Steamship Company Limited incorporated in Singapore NOTICE OF EXTRAORONARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at the Tower Room, 27th Floor, Ocean Building, Collyer Quay, Singapore on Thursday, 18th May, 1978, immediately after the close of the Annual
      753 words
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  • Article
    LEE INVITED TO SPEAK
    186 12 MR. LEE Kuan Yew has been invited to speak at the 26th Congress of the Inter natlonal Chamber of Commerce, a highly prestigious event held once every three years. If he accepts the Invitation, he will be one of several top-level speakers which, provisionally. Include President
    186 words
  • Article
    Lock icon Spinning a yarn of woe in last quarter
    587 12 AFP THERE was little improvement in the world cotton and allied textile industries during the final quarter of 1977. For the year as a whole, the weight of yarn spun outside the Communist countries was between 3 and 4 per cent lower
    AFP  -  587 words
  • Article, Illustration
    Exporters find rediscount facility a boon
    661 12 THE REDISCOUNT scheme launched by the Monetary Authority of Singapore in 1975 to help local exporters hit by the recession has proved to be a success. The number of exporters using this cheap financing system has soared from 47 at end-1975 to 267 last
    661 words
  • Article
    Lock icon TOKYO CAN'T CUT SURPLUS OVERNIGHT
    622 12 Reuter JAPANESE Prime Minister Takeo Fukuda said his country now has no chance of cutting current account balance of payments surplus to the planned US$6 billion (5513.8 billion) in fiscal 1978 from $14.13 billion in 1977. Mr. Fukuda told a press conference the surplus would
    Reuter  -  622 words
  • Article
    Lock icon 'Debate' on rebate
    529 12 UPI THE UNITED States Solicitor General Wade McCree told the Supreme Court on Wednesday that Japan's rebate system to exporters does not Justify an additional import duty on Japanese television sets and other electronic products. America's Zenith Radio Corp. has been contending that domestic manufacturers are suffering
    UPI  -  529 words
  • Article
    LONDON STOCKS
    717 12 LONDON Thurs. Equities advanced In quiet trading, dealers said, and the Financial Times Index rose 8.4 to 466.2. Government stocks declined. Long-dated government bonds Tost about H and shorts 1/16. Oils closed firm but off the day's highs while mining shares and Australians continued higher. Breweries were firm
    717 words
  • Article
    US backs set-up of research agency for Third World
    283 12 THE CARTER administration is promoting the creation of a foundation for technological cooperation to support and stimulate research of benefit to developing countries. Dr. Frank Press. President Carter's science adviser, has predicted that such a foundation could achieve a stature comparable
    283 words
  • Article, Illustration
    Local traders can count their blessings
    357 12 SINGAPORE exporters should consider themselves fortunate to have easy access to export financing facilities. This is the view of Mr. Llftg Ten Ing, assistant general manager of the Export Credit Insurance Corporation of Singapore '(ECICS) at the Export Financing seminar yesterday. He said, "Singapore
    357 words
  • Article
    Lock icon Swiss may achieve $10b surplus
    141 12 Reuter SWITZERLAND'S 1978 current account balance of payments surplus could rise to nine billion francs (SSIO billion), making this the second-biggest surplus in the industrialised world this year after Japan. Swiss National Bank president Fritz Leutwller said yesterday the Swiss current account surplus in 1977
    Reuter  -  141 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      120 12 SENIOR PUBLIC RELATIONS CONSULTANT WANTED The Singapore Branch of a large international consultancy requires an experienced consultant to service major international accounts within the framework of programmes mainly directed towards market support, corporate identity and employee affairs. The consultant must have: Sound newspaper writing experience. An ability to control account
      120 words
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      Page 12 Advertisements Column 2
      149 12 The Moving Finger writes; and. having writ. Moves on: nor all thy Piety nor Wit Shall lure it back to cancel half a Line, Nor all thy Tears wash out a Word of it. Tout est depuis long temps <arit sur la Tablette; Et la Plume demeure obstinlment muette. Tout
      149 words
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  • Article
    SHIPPING TIMES
    3424 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. to—- SeanDeteli has a Mat servtosamagoMat with
    3,424 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      386 13 Scan Dutch V Fast and Regular Service To/From N.C./SCAN/W.MED. Every 10 Days. Singapore: Tel. *****, Port Kelang: Tel. *****1, Kuala Lumpur Tel. *****, Penang: Tel. ***** s SHIPPING Seatrain Lneslnc <USA) Trans-Pacific Service Full Contoiner Service To USA feeder vsl spore 4VESSH bi ¥RJEI 11/5 mothi* >si w i« coif
      386 words
    • Advertisement
      Page 13 Advertisements Column 2
      395 13 PRN CONTAINER L| NE FAR EAST-W. AFRICA SERVICE FULLY CONTAINERISED INDEPENDENT SERVICE ETA Spore" ETA LAGOS ■.I. TV! HOPE (F«dj kMM) UW 17a. (SEN No. MIKI7) MV TOE f LOWE* lhm 2SIM* M.V. KYOSEI MAM (y. JIM, GBN LINE J 1 FAR EAST W AFRICA BULK SERVICE S'POBE SIWA 10
      395 words
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      Page 13 Advertisements Column 3
      364 13 SHARjAH SHIPPING CO. LTD jI ji" »£r* (UNiTtO AJUB EUiRATES) S port P KtUnj Pt GULF PEAK 22/24 Hay 25/27 Mi, GULF PBOJPIRITY 12/15 Km LoMnf tor (Md/lta DMi fVI RHLISHIPPIDG UfK L A J* (UNITED HUB EMIRATES) GULF SHIPPING LINE tuft TED HUB EMiRiTfS *gulf majesty mn/MAp, 0«6a./Aw •GULF
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      392 13 ocs MARINE FREIGHT MANAGEMENT SERVICE 8I 2 Mav A I HOUSf S f OPt T e *****8 7 ***** 4 General Ajert OCS Pte Ltd W: *****14 I *****17 Port RHan| Agent «J. Shipping Sdn Bhd Tel 3M275. *****6 Banjkok Afent OCS Tel *****25 YAGUMA LINE Direct Loading to Rotterdam
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      25 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the Wortd. Singapore: Tel *****, Port Keteng: Tel *****1, Kuala Lumpur Tel. *****, Penang: Tel. *****
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      798 14 SHIPPING Hapag-Lloyd FULLY CONTAINERISED TO EUROPE I Mm* Ham I ftMiMn §iy I City if EM«r| I«kM bmn 3/6 5/6 24/6 26/6 27/6 29/6 EXPRESS CONVENTION TO EUROPE S'pwt PKManf Pm I'lmi Um HWrj I'knnldm Immp Mwwtatlawl In Pi 8/5 28/5 24/5 17/5 19/5 In Port 29/4 3/5 23/5 5/6
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      Page 14 Advertisements Column 2
      837 14 £2 SANKYO LINE AUSTRALIA SERVICE P.Mmc SMPHra iMdiiif for KYOTEN MARU IN POUT M Apr/1 May ADEL. MCI. STD MAY BREEZE 14/15 Hiy 12/13 Hay BRIS. STD, MEL SEA BLOOM 25/21 May 27/21 May AOCL MEL SYO. BANGLADESH SERVICE MAY BREEZE 30 Apr/1 May In Pod CHITTA6ONG. CHALNA GENERAL AGENTS
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      472 14 SEA mLAND U.S.A./ ASIA SERVICE OCT REFRIGERATED COMTIMICI SERVICE ICJUUM. CAMPMAH. JAMN. KMIA. TMH VESSEL/VOYAGE PONCE V-323 GATEWAY CITY V-696 PONCE V-324 GATEWAY CITY V-697 .IfK EVERY WEDNESDAY FOR POtTS Hi USJ WK KMC. rtUIUMO m PWUfPIWES Vessel Arrives/departs MAY 3/3 .MAY 9/10 .MAYI6/17 .May 23/24 C.F.S. Closes 5 00PM
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      Page 14 Advertisements Column 4
      1032 14 Everett Lines/ BBmom Fivt Star Shippim Carpi. "BURMESE NATIONAL LINE" RANGOON Singapore rHUMWECVMRIM May moHtrm u/uin BFS S C Agents m Moloyva TEPS MALAYSIA Port Kelong Tel (381-7355 Peooog Tel *****/***** S.l ebm l<mminiii>«ul S. A. C.I. F. S ENTINE NATIONAL LINE" g LOADING fO# DURBAN CAPETOWN BUENOS AIRES HUM
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      535 14 43 JARD NE ANTAH f Orient Overseas @o*Uoi*ie>i Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA Ml vessels call Bremertiaven after Hamburi FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) CHEVALIER DOZE IE H ROM CONTAINER! NERCATOR6E ORIENTAL CHIEF 8E V SEAS BRIDGE 15E ORIENTAL RESEARCHEI CHEVALIER PAUL HE NEPTUNE CORAL 7E
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      1164 15 QCL Overseas Containers Limited cunwaaif sawt t> w/chuiiot. H'bur| R'dam It S'ton S'pore P. Keltnf D'Mrk Br«m A'wtrp Hrrrt U.K. MM Mm ixpkss Apr i"«*mi "w "■»»"2J «JM trttm mum im mi« ii« niv ahr ait) ■MUM MT 12 Mlf H«T 11 Mjf 1 J«l (n M) 1 M lASMA
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      Page 15 Advertisements Column 2
      1261 15 Ben Ocean Ajaut service of Ben Line. BhieFbnnelGten Line and NSMO T» RK/CBHTIHENT (via tan} 9*» S. nflDori P. Kalang Fwtnf Earooe MMM HOI Sail* I* Pt/28 Mt 78 May Lisaaa. Limv ML BENCIUACNAH 1/ S May 1/ I May 4/ I May 8 teae Bilbao, Amsterdam. OaMia, L>*arpaol. PATROCLIIS
      1,261 words
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      852 15 BEN LINE *E2it££jß| its hen i«mu ami iiw iim iimimMat) umm uhauii mii<i a Ha* in., nmm ium«mi mmm TNI* EXPtESS 3 laae S law I 74 laae It laaa 77 laae It laae 77 laae nmj_ h tun shaven row wwt sot on (•MMi m. bum /Aaatria Ihi u
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      973 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA U1 Jw» u mmiim a nm a nm™ o a ruacuci I LI AMU nuctsu nucnc* f NTUMIt 11/ B Ml. BCIFT M I UUNIt 1/ NIMH tort U MtoOts a Mm a Mbu'l 4) SMft •/1 ivi
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      Page 15 Advertisements Column 5
      678 15 GUTHRIE BOUSTEAD THE BANK LINE LTD LUIS mils. MICA FORTUNE STIR (Mauritius. RewmbK. Mombasa. T»|l Miiwip. Durbon. IX, P. 1.. Capetown) pmmi p. Mia* a iuj/i tm i m a/a i FMH (ACT I (Mm VIIU m UUM. mamu LAURILRANK Penjng P KeUnf 11/11 May S pore EXPRESS SERVICE BHtECT
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      1011 16 "K" LINE KAWASAKI FILLY CONTAINERISED SERVICE Tl EUROPE (VIA SUEZ) S'port P.Ktltr.i LHirre HWf Brraiet If dim MEVAUER PA* IIW to Ptrt 29 Art 20 M* 21 Ma* 23 May 24 Maf NETTINE CMIL 7W 4 Mar 5 mr 20 Mar 20 May 29 May M May ICPTINE PIARI NT
      1,011 words
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      Page 16 Advertisements Column 2
      1153 16 E.C.-U-S. A./ ATLANTIC/GULF SERVICE ACCEPTINC FCL/LCI CONTAIMHtS FMM STOK. P. KELANC. PENANC urtN« far: norfou, am Tin, new Orleans, nouston Singapore P. Kelang Belawan Penang "VISMV* MAY*" (MM M SCI) 10/10 ator 10/10 Mar 21/22 Mar Ma/ E.C./GREAT UKES SERVICE Lutal Im. NORFOLK. NEW TOW, MONTREAL. TORONTO. ASHTABULA, DETROIT. CNICASO.
      1,153 words
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      1006 16 NEPTUNE ORIENT LINES LTD ONT ED SERVI I Nay II May 4 law I May 25 May 11 Jut My 2My ANRO AUSTRALIA Sailed la Part 29 Apr 11 May 12 May nnnu nnnv AUSTRALIA TEMASEK 29 May lIM* 31 May 12 Jm« MELBOURNE II May 21 May tat IS
      1,006 words
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      716 16 HE MALAYSIAN INTERN ATtONAL SHIPPING CORPORATION BEBHAD TEL KL *****4. EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANOINAVIA WIST lOUND It* Accepting FtM 1) Malaa SttctMlß Ojlt NeinMi. 1) Ceptatatea Utn 1) Bremen 4) tatverp, liilnin u* SI laiit. Iftim A Ise accepting inter awdi ate cup tt NH|IH( t MM* EXPRESS
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      Page 16 Advertisements Column 5
      973 16 INTRASEA (PTE) LTD F .ibe' House 34E Orch.i'd Ro.icl Sipq.tpo" •> Telephone *****1 1 2 3541>" 7 RECULAR INBEPENOENT SEMI/FVU. CONTAINER SERVICE T| EVtOPE M.V IH »INAY M.» 111**1 (Caatr stop) ACSIS ATNENIC AECIS NISfANIC pore f. Kelang Penang 21 Apr I* Pert A'wrp »'laa«/H>irt 4 Mat M'seillei S'ton R
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