The Business Times, 29 May 1978

Microfilm: NL9690
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 MONDAY, MAY 29, 1978 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon MNC tactics exposed
      72 1 Reuter GENEVA, Sun. Restrictive practices by multinational corporations aimed at monopolising sales are stunting the growth of Industry In developing countries, according to a report ordered by the United Nations. The report by United States economist Richard Newfarmer to the UN Conference on Trade and Development (Unctad)
      Reuter  -  72 words
    • Article
      Lock icon Vietnam replies
      64 1 Reuter HONGKONG, Sun. More than 600 representatives held a meeting In Ho Chi Mlnh City (formerly Saigon) to protest against allegations made by China on the treatment of Chinese residents In Vietnam. The Vietnam News Agency said the representatives voiced their "great Indignation at the slanderous allegations" which
      Reuter  -  64 words
    • Article
      Lock icon Passport racket
      70 1 Reuter CANBERRA, Sun. Australian Immigration officials have uncovered a racket Involving the reuse of mainly Thai passports by Indo-chlnese refugees using them to enter Australia. The Sun-Herald newspaper reported that the passports were sold for hundreds of dollars and often posted back to a gang In Thailand for
      Reuter  -  70 words
    • Article
      Lock icon Oil well blaze
      75 1 Reuter TEHERAN, Sun. Two American flreflghtlng experts today prepared to use explosives to put out a blaze In an Iranian oil well which has claimed seven lives. Well 126 at Maroun, 50 km from the southwestern town of Ahvaz, caught fire on Wednesday. The experts, from the
      Reuter  -  75 words
    • Article
      Lock icon Thermal plants query
      81 1 AFP TOKYO, Sun. China has placed with Japan inquiries for three thermal plants worth about 70,000 million yen (***** million). The plants under Inquiry are two 150,000kilowatt capacity units and one 300,000-KW capacity, the sources said. They are expected to be built In the compounds of an
      AFP  -  81 words
    • Article
      Lock icon Monetary union
      79 1 AFP NEW YORK, Sun. The European Economic Community needs to be strengthened by movement towards monetary union, Mr. Roy Jenkins, chairman of the European Commission, said. "I have no doubt that the Community's great monetary instability has a lot to do with the fact that Europe has had
      AFP  -  79 words
    • Article
      Lock icon Car-free Sundays
      75 1 Reuter GENEVA, Sun. The Swiss cast final ballots today In a nationwide referendum on a highly controversial proposal to ban private cars from the roads on the second Sunday of each month. Other issues In the referendum asked the 3.7 million electorate to sanction a 10-centime (Sl5 cents)
      Reuter  -  75 words
    • Article
      Lock icon GIs' headache
      66 1 AFP MANILA, Sun. US Air Force authorities have sought the lifting of a Philippine government ban on the sale by American servicemen of cars, household appliances and other items to Filipino buyers. Since the sale of the tax-free Items to Filipinos was stopped last October, US servicemen are
      AFP  -  66 words
  • Article
    TOP TEN STOCKS
    109 1 THE following list of stocks gives the 10 most traded in on the Stock Exchange of Singapore last week. It gives the turnover in thousands of units, closing prices on Friday and the high and low for 1977/78. Company Turamr Price* as High Low wMayK 1978 SI
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  • LOCAL STOCK INDICES
    • Article
      SINGAPORE
      72 1 May 22 May 23 May 24 May 26 May 26 ft B.T. Index: closed 1088.26 1092.16 1097.06 1106.57 Industrials: closed 31*02 314.16 314.69 315.70 Finance: closed 529.07 529.27 532.04 535.67 Hotels: closed 218.52 219.31 220.64 221.19 Properties: closed 192.81 19S.97 201.42 202.05 t Tins: closed 149.80 150.23 151.91 152.35
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    • Article
      MALAYSIA
      84 1 May» May 23 May 24 May 25 May 28 tt B. T. Index: closed 1521.96 1550.52 1503.02 1550.09 Industrials: closed 354.44 355.32 360.90 380.01 Finance: closed 449.55 450.29 453.04 484.00 Hotels: closed 202.M 202.43 202.68 203.67 Properties: closed 196.45 201.42 207.10 210.41 t Tins: closed 104.87 100.57 167.91 168.12
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  • Article, Illustration
    Government to help shipowners
    743 1  -  UPGRADING LOCAL FLEETS By RONNIE LIM A SHIP FINANCING scheme to help local shipowners upgrade their fleet is being prepared by the Finance Ministry, said Senior Ministry of State for Finance Goh Chok Tong, last night. Mr. Goh, speaking at the Singapore Shipping Association's 25th anniversary
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  • Article
    Lock icon US denies wrath over decree
    245 1 AFP THE US embassy In Manila denied a newspaper report that the US had expressed indignation attr a presidential decree limiting royalties foreign firms can collect from Philippine licensees. "We have been In communication but there certainly has been no expression of any indignation," an
    AFP  -  245 words
  • Article
    Joint venture firm lands US toy contract
    719 1  -  Br RAHIM KASSIM A FACTORY to manufacture stuffed toys wholly for export to an American company will begin production from next month. The company, Scan-Sea Kamar Products Pte Ltd, Is a joint venture between an Indonesian, Mr. Ng. King Jak, who is a
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  • Article
    Lock icon Asean wants more
    115 1 AFP ASEAN nations are expected to ask Japan to lower Its Import tariffs further on South-east Asian products at a two-day meeting, opening in Tokyo on Thursday. According to Informed sources, the talks will be held at the strong request of the five-nation association. At the multilateral
    AFP  -  115 words
  • Article
    Time to chart a course of action for our ships
    292 1 THE GOVERNMENT ■hould draft concrete plans to help local shipping survive and develop, and among these should be the provision of loans on favourable terms to enable the building of new ships which would benefit local companies. This was the
    292 words
  • Article
    No easy TV game for Singapore companies
    551 1  -  JOHN LIM TfiE TWO local manufacturers of television games say many obstacles hinder expansion In their particular sector of the consumer electronics Industry. A very well Integrated manufacturing operation here, believed to be the first to manufacture TV games, In 1976, has since
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
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    • Advertisement
      Page 1 Advertisements Column 2
      93 1 o Trust Somr for your video fIAOfIC With customary vision and foresight Sony pioneered video equipment: Today, Sony is one of the world's foremost manufacturers of integrated video equipment. Research and experiments are continuously carried out to bring you the most advanced and sophisticated video components. DXC-1200P (Colour video camera)
      93 words
    • Advertisement
      Page 1 Advertisements Column 3
      76 1 SHIPPING TIMES FALLING copper prices drag Zambia down 2 NO strong indication of another US recession 3 FRESH overseas buying revives produce market 4. FEFC intends to maintain stable rates 5 EVERGREEN Line starts container service 5 MALEX Asbestos Cement growth rate fhlis 10 SINGAPORE is top Asean GSP exporter
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    • Advertisement
      Page 1 Advertisements Column 4
      127 1 "Q®6ogsOSLS&> FOR THE BE/T 10 /PORT/ EOUIPmEDT JAL FLIGHT 712 THE TOKYO EXPRESS I NEW YORK VANCOUVER V 5 ■WSAN 1 FRANCISCO ANGELES! I HONOLULU ISWGAPORE MEXICO CITY Only on JAL can you non-stop to Tokyo, then make convenient connections to U.S. and Canada. 39 JAL flights depart every week.
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  • Article, Illustration
    Americans find a haven in Kenya
    602 2  -  FOCUS ON AFRICA By JOHN WORRALL NAIROBI: In most Airican countries the United States has to sell Itself hard. "The West" Is a dirty phraae over most of the black continent where the US represents all the West stands for softness on South Africa,the
    602 words
  • Article
    MEMO PAD
    235 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateshlp Course, SITC, SITC May 15-June 5: Compensation Employee Benefits, Hilton, POD May 29-31: Modern Techniques Strategies for Mngt. Problem Solving, SIM, SIM May 30-June 2: Management of Sales Force, SIM, SIM May 30-June 6: Senior Management Course, SITC,
    235 words
  • Article, Illustration
    Emphasis on tourism in Tanzania
    724 2  -  By ANN SIMONS DEVELOPING tourism In northern Tanzania has become a government priority since the KenyaTanzania border closure some months ago. Minister for Tourism Solomon Ole Salbull says that within the limits of Its socialist policy, the government Is doing everything possible to promote the
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  • Article, Illustration
    Falling copper prices drag Zambia down
    911 2  -  •y BARRY BAXTER LUSAKA: The reason most Europeans go to Zambia Is to earn money, save It and send It home. They have Just "temporarily" lost their foreign exchange privileges as plummeting world copper prices drag Zambia down with them. The mining Industry in
    911 words
  • Article
    What Sudan needs is a good transport system
    1012 2 KHARTOUM: The Sudan Is Africa's largest country. There are 260,000 sq kilometres of It. In the pipeline are vast, expensive plans for agricultural development; more cotton, more maize, more groundnuts, more beef, more sheep. There Is plenty of water, and the Blue
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      54 2 If business you wish to transact With diplomacy, reason and tact, Fosters is the venue For a fine interview Over dinner, a drink or a snack FOSTERS ORIGINAL LONDON RESTAURANT 25A. Amber Mansions.Orchard Road. Singapore 9. Tel: *****6/*****9 Fosters Smokehouse Hotel, Cameron Highlands Fosters Serve Guaranteed New Zealand Prime Beef
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      679 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 Big transport man (5) 8 Full range of the compass (5) 10 King who Introduced a girl to writing (5) 11 Is this man all talk? (3) 12 Distressed to find meat more expensive? (3, 2) 13 An Ipswich road 15 That horsey faculty
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  • OVERSEAS
    • Article
      Lock icon Italy raises rail fares and taxes
      428 3 Reuter THE Italian government decided on a series of budget measures to boost the economy and cut the state budget deficit, but postponed some other decisions till next month. A government communique issued after a Cabinet meeting announced a 20 per cent rise in
      Reuter  -  428 words
    • Article
      Lock icon Export trends may revive business
      508 3 Reuter GERMAN manufacturing companies in April reported a stabilisation of business outlook following a period of deterioration in recent months, the IFO Economic Research Institute said In Munich. Firms taking part In its latest survey registered the beginnings of positive signs, with particularly export chances
      Reuter  -  508 words
    • Article
      Lock icon BONN WANTS IN ON KRILL HAUL
      617 3 Reuter WEST GERMANY, conscious of the huge resource potential of the Antarctic, is making a bid to Join the 13nation club which controls the area. It is underlining its interest in the area by sending expeditions to the southern oceans to fish for krlll.
      Reuter  -  617 words
    • WORLD IN BRIEF
      • Article
        CAPITAL GAINS TAX HOPES
        332 3 SENATE finance committee chairman Russell Long said in Washington he believes the Senate will approve a cut in the capital gains tax to 25 per cent as a stimulus to business. Mr. Long said a cut from the current 30 to 35 per cent rate would
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    • Article
      Lock icon No strong indication yet of another US slump
      1048 3 NYT WITH the American economy about to enter the 39th month of Its current advance and thus virtually assured of matching by next month the longest previous peacetime expansion since World War Two analysts are beginning to look for signs that the
      NYT  -  1,048 words
    • Article
      Lock icon Treasury bill yields go up
      198 3 Reuter AVERAGE effective yield* rose to 6.858 per cent for three-month bills and 7.18 per cent for six-month bill* at the weekly auction, the US Treasury said on Friday. The yield on the threemonth bills was up from 8.478 per cent at the Brevlous auction
      Reuter  -  198 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      51 3 v PS;- 53 KS* 1 *W' p -T* £&£>•*• *t'. wt? JL% -*i_; v it i{ >. Our one-stop fei p £si*- T»i 7?,. Please contact your travel agent or British Airways Reservations Tel: *****4 British airways We'll take more care of you In association with Singapore Airlines. BA/Ll/78 V
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  • RAW MATERIALS
    • Article
      FOREIGN RUBBER
      305 4 LONDON terminal rubber eased on Friday afternoon in pre-weekend booksquaring activity, to close at or near the day's lows 0.15 pence per kilo up to 0.40 pence down. Turnover totalled 279 lots of 15 tonnes plus 17 kerbs and 11 options. The early morning market produced new 1978
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    • Article
      Produce exchange
      310 4 CHINESE Produce Exchange Singapore noon closing prices per picul on Saturday: Coconut oil: Bulk $87.50 sellers, old drum $92.50 sellers, new drum $97.50 sellers. Copra: Mixed (loose) UK/Cont. $58 buyers. Pepper: Muntok ASTA white f.o.b. 100% NLW $397.50 sellers, Sarawak white f.o.b. 96% NLW $377.50 sellers, Sarawak special
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    • Article
      Straits tin
      117 4 THE STRAITS tin price in Penang on Saturday fell Ms 3% to $1,655 per picul. Turnover also fell. Friday's 270 tonnes went down 20 tonnes to 250. The LONDON Metal Exchange closed early on Friday ahead of the UK spring bank holiday and will reopen tomorrow. The metal
      117 words
    • Article
      Coffee
      363 4 ROBUSTA futures ended an extended closing session in London on Friday officially slightly easier but still £52 to £8 per tonne up from Thursday after opening the morning £27 to £11 lower. Volume traded was 5,802 lots Including 82 options and around 2,000 lots of cross-trades. The biggest gains
      363 words
    • Article
      Soybean
      360 4 AFTER trading to either side of Thursday's close, Chicago soybean futures finished the Friday session at or just above the day's lows with loase* of 9% to 3V» US cents a bushel. The market weakened early on hedge selling and liquidation prompted by reports of farmer selling overnight and
      360 words
    • Article
      Gold
      792 4 ON EXPECTATIONS that last week's first OSA auction would be successfully absorbed, gold opened firm on Monday and remained well maintained at US$179.00/ 179.75 per troy ounce throughout the day. On the next day, it edged up further and, for the first time in six weeks, reached the Si80
      792 words
    • Article
      Cocoa
      273 4 TERMINAL cocoa In London on Friday extended morning losses In moderately active afternoon dealings Including weekend book-squaring, to close at around the day's lows with on-balance losses of £30 to £12 per tonne. Turnover totalled 4,393 lots Including 1,929 lots crossed and three options. Market sources said sentiment was
      273 words
    • Article
      Copper
      295 4 COPPER trading on the London Metal Exchange closed early on Friday, ahead of the long weekend. Wirebars finished the shortened session showing gains of £28.5 for cash and £27.5 for Three Months, which traded up to an 11month high of £793 per tonne. In NEW YORK, Comex copper futures
      295 words
    • Article
      Sugar
      257 4 SUGAR futures closed £0.95 per tonne higher to unchanged In London on Friday. Turnover totalled 1,695 lots including two options. Prices held steady In the afternoon aided by a similar trend In New York. However, fresh Interest was small and activity mainly Involved booksquaring In front of the spring
      257 words
    • Article
      Silver
      195 4 SILVER bullion firmed In active trading towards the close In London on Friday to 291.00/ 292.00 pence an ounce for Spot and 298.00/ 299.00 pence for Three Months, over three pence higher than the fixing levels and well above the previous finish of 284.90/ 285.90 and 291.70/ 292.70 pence.
      195 words
    • Article
      Rice
      193 4 BANGKOK rice prices were quoted as follows on Saturday: (US dollars per tonne FOB basts Bangkok): Waile Rice: 100 pet Ist class 442. 100 pet 2nd class 427.100 pet 3rd class 422. 5 pet 413. 10 pet 400. 15 pet 302. 20 pet 387, 25 pet 377. 35 pet
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    • Article
      Wheat
      105 4 CHICAGO wheat futures on Friday closed cent a bushel lower to one cent higher after trading to either side of Thursday s close In about a five-cent trading range. The market took direction from soybean and corn futures during most of the session and hit a new contract high
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    • Article
      Fresh overseas interest brings back some life
      522 4 FRESH overseas buying interest Injected some life into the Singapore produce market last week. Prices held from steady to firm In relatively active trading. .Peppers had one of their better weeks this year as grinders in Europe and America resumed their inventory building.
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    • Article
      Palm oil
      78 4 C.I.F. North European porta, In US dollars per ton unless otherwise LONDON Malaysia b% 1fa bulk per tonne Friday Pwiiui August 615 sir 595 sir Sumatra 5* Ma bulk May unch 880 pd June 690 sir 680 sir July 665 sir 645 sir August 625 sir 607.50 sir
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        206 4 THE US currency opened higher around the 2.3420/ 40 level in the Singapore forex market last week, after news of a tentative compromise by Congressional conferees on natural gas pricing added to firmer US short-term' interest rates. The reaction dissipated quickly, however, as market participants began to believe
        206 words
      • Article
        Asian $ rates
        280 4 Asian rates RATES for the week ended May 26 firmed, notably In longer periods, in thin trading attributed to month-end and booksquaring ahead of the long weekend. Rollovers seen in Three and Six Months also accounted for this firm tendency. Money supply droped US$lOO million in M-l but rose $1.5
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      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7 per cent.
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      • Article
        Lock icon Discount market
        408 4 Source: The Discount Company of Singapore THE EASIER money situation over the preceding weeks was dramatically reversed in the week ended Friday May 26 which saw the overnight interbank rate reaching a high of 7 per cent. In line with the higher overnight rates, term deposit rates for
        Source: The Discount Company of Singapore  -  408 words
      • Article
        Frankfurt
        50 4 FRANKFURT exchanges closing quotes on May 26: U8 2 1203 18 Can 1 8048/52 Bt* 3 842/852 D PI 93 42/52 S Pr 108 #0/85 Ut 2 423/433 F FT 45 48/50 Yen 0 8375/85 B Pr (con) 8 408/418 B Pr (fin) 6 30/40 N Kr 38 80/85
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      • Article
        Short term money
        47 4 FOR the week ended Friday May 26, the range of call rates received from Short Deposits (M) Berhad was as follows:Bank fund: 3tt per cent to 5* per cent. General hind: 3* per cent to 4* per cent. Movements of fund totalled $340 million.
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      • Article
        Zurich
        353 4 FOREIGN exchange markets clearly displayed a wait-and-see attitude throughout the week ended May 26 In anticipation of the US and German trade figures for April. The dollar did well In early parts of the week, supported by some progress in the lengthy process of deregulating natural gas prices in
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      • Article
        New York
        231 4 PARTLY reflecting a slight widening in the April US trade deficit, the dollar closed at Its lowest levels of the day against major currencies on Friday. The market did not view the US$2.B6 billion deficit very constructively, although It was about in line with expectations, and the dollar
        231 words
      • Article
        Euro $ rates
        277 4 Euro rates LONDON Eurodollar deposit rates on Friday firmed on active rollover and end-month bidding coupled with book squaring ahead of the holidays In the US and Britain this week, dealers said. However, rates closed around 1/16 below highest levels as demand for funds faded during the afternoon, they said.
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      • Article
        London
        145 4 IN A featureless Friday and end-month market dampened by impending holidays in major centres, the dollar ended the day little changed on overnight levels against major currencies. It finished at 2.1190/ 1205 marks, down from 2.1205/20 on Thursday at 1.9490/ 9520 Swiss francs against Thursday's 1.9565/75 whlle sterling steadied
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      • Article
        Money market
        81 4 THE market for overnight funds tightened during the mlddia of iait week, closing at 6 to 5 per cent but eased off towards the end of the week to close at to 3 per cent. The term market was at the start of the week. Ones, Twos and
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  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      72 4 We are pleased to announce that Anthony K.Y. Ooi formerly of Asian Development Bank has Peen appointed as Manager, Banking of ARAB-MALAYSIAN DEVELOPMENT BANK Berhad effective June 1.1978 oo \l iSJhJUI 1 tiiiJ i Arab-Malaysian Development Bank We are pleased to announce that Sonni Pilloi formerly of Ng Ek Teong
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  • TRANSPORT
    • Article
      Lock icon Local shippers still get favourable deals
      209 5 Reuter SINGAPORE rubber shippers continued to obtain favourable freight rates for cargoes sent to Europe despite a 2.5 per cent discount given by the Far Eastern Freight Conference (FEFC) to Malaysian shippers under a special agreement signed last year. The Rubber Association of Singapore
      Reuter  -  209 words
    • Article
      FEFC intends to maintain stable rates
      885 5  -  By GOH ENG KEE THE FAR Eastern Freight Conference (FEFC) chairman, Mr. M.F. van Lennep has said in the Conference's annual review for 1077, released today in London, that the Conference intends to keep freight rates stable for as long as possible. He observes
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    • Article
      Rise in cargo handled
      242 5  -  By RONNIE LIM THERE WAS a 12 per cent increase In cargo handled by the Port of Singapore Authority In March, against the corresponding month last year. The 254,400-tonne Increase brought the March throughput for the six PSA gateways to 1.0 million tonnes. General cargo rose
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    • Article
      DAILY AIRCRAFT MOVEMENTS
      678 5 ARRIVALS Service Local Operator Number Time From CPA CX710 1005 HLP GIA GA980 1030 HLP TG423 1035 BKK THAI TG423 1035 BKK SIA SQ103 1045 KUL SIA SQ209 1045 HLP MAS MH605 1045 KUL GIA GA944 1055 PKU GIA GA908 1100 MES GIA GA893 1110 AMS/FRA/BOM PAL
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    • Article
      Lock icon Airlines issue trust certs to finance purchases
      588 5 Reuter THE US airline Industry has started to Issue equipment trust certificates to finance purchases of new aircraft, financial analysts said. Three passenger carriers which recently issued equipment trust certificates are American Airlines Inc, North Central Airlines Inc and Western Airlines Inc. Officials
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    • Article
      Lock icon LONDON FREIGHT
      151 5 UPI MARKET attention last Friday turned to South American grain which engendered further time charter booking on the continent and featured Soviet charterers, Sovfracht, said to have taken three vessels for River Plate round voyages. They were believed to have paid U556,250 (5514,625) per day to the 33,693-dwt
      UPI  -  151 words
    • Article
      Eastern may cancel options
      79 5 LOCKHEED Corp. said Eastern Airlines may cancel options to buy up to IS additional L-1011 Tristar lets because of the carrier's plan to buy the Europeanmanufactured A-300 Airbus. Lockheed made the dlscloaire without elaboration In Its quarterly report to shareholders. A brief statement said the Eastern
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    • Article
      SCANDUTCH BRINGS BUSINESS NEARER TO CLIENTS
      277 5 SCANDUTCH has thought up a good and better way to serve their clients in Singapore who trade with Europe. They have five marketing officers to cover all the 28 postal districts In the Republic. The idea is to bring the business nearer to clients.
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    • Article
      Evergreen Line starts container service
      437 5  -  •y CHAN SONG SOO ONE OF Taiwan's biggest shipping operators, Evergreen Line, is to start a container service on the Far East-Red Sea-Mediterra-nean route from early next week when Its ship, "Ever Humanity" makes her maiden voyage to Singapore. "Ever Humanity" will be joined by
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    • Article
      SHIPS IN PORT
      207 5 EXPECTED ARRIVALS TODAY AT KEPPEL WHARVES Cherry Vllja (B. Barge) (0800) 48 Dong Myung (0900 after Star of Kuwait) 46 Nedlloyd Clarence (0600 33/?4 Nedlloyd Frazer (0600) 5 Ocean Supply (B. Barge) (after Cherry Vllja sails) 48 Parttzanskaya Iskra (1500 47 Perak (1700 21 East Straat Fresco
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    • Article
      Hancock to appoint receiver
      180 5 ACUTE cash flow problems have forced the Hancock Shipbuilding Company (Pembroke), the only shipyard (n Wales, to appoint a The company is controlled by Mr. Peter Hancock and has a 20 per cent share in the Celtic Haven Oroup. He said that the problems at Hancock
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  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      18 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 -f Coll us foi you. local or onward reservations
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    • Advertisement
      Page 5 Advertisements Column 2
      1521 5 COLD STORAGE HOLDINGS LIMITED Annual Report and Accounts for the year ended 31st January, 1978. Chairman's Statement circulated to stockholders and to be presented at the Annual General Meeting of the Company in Singapore on 17th June, 1978. RESULTS Group sales for the year at $193,500,000 were 7% ahead of
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  • REVIEWS
    • Article, Illustration
      Films Indians can proudly call their own
      901 6  -  By S. SHANKAR MENON Shankar Menon is the Arts Critic for the Financial Express of Bombay. ACRYLIC, kinetic, jai* yantra for the rich kids of "the now generation", for the urban elite zapped by wah wahs and woofers. The visual and performing arts
      901 words
    • Article, Illustration
      MIKE TAKES A BREATHER
      813 6  -  •y ILSA SHARP MIKE Price spent much of his five-day stay In Singapore last week looking at girls ("I fell in love with the girl In the bank."), and devouring ice-cream, (about five a day) coffee and chocolate ("I haven't seen any for nine months!) All
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    • Article, Illustration
      FOR ART ENTHUSIASTS WITH AN EYE FOR DETAIL
      613 7  -  ■y FOO CHOY PING THOSE with a love for detail and technical artistry should not miss the art exhibition currently at the Singapore Chinese Chamber of Commerce, till Tuesday May 30, a display of works by Mr Wan Wing Sam, mainly focusing
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    • Article, Illustration
      Nothing uncommon about this book fair
      689 7  -  ■f FONG MEW LENG A QUIET ceremony opened the third Festival of Aipgrlcan Books at the weekend and treated us to a display that was to say the least, common. The selection- of books and style of display conjured up an atmosphere that has
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    • Article
      National Day exhibitions
      160 7 ARTISTS and photographers who want to do their bit for National Day are Invited to submit their works to the Ministry of Culture for a National Day Art Exhibition from Aug 4-12, and a National Day Photo Exhibition, Aug 15-22, both to be held at the Victoria
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    • Article
      Life-sized stories with ring of the familiar
      780 7  -  Little Ironies Stories of Singapore Catherine Lim Singapore Short Storiee, Volume [I Robert Yeo (Editor) Heinemann Educational Books (Asia) Ltd Singapore, 1978 Reviewed by Ilea Sharp "Little Ironies" is probably the best collection of short stories by a single author yet published In
      780 words
    • Article
      On Chinese Pinyin
      132 7 THE University of Singapore's Extramural studies Department starts Course No. 2153, CM— Phonetic Alphabet The Piayla System, on Thursday June I and continues thereafter on Tuesdays and Thursdays for 10 sessions, 7 9 pm at the New Lecture Theatre No. 4, University of Singapore, Buklt Tlmah campus,
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  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      381 6 ere to wine and dine... 405/407 Havelock Road, S'pore 3. Tel: *****1 lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Miss Shlao Pin (Taiwan), Constellations, Judy Chin, Sonny Bala The New Moonglows, and Qreen Eyes treat you to a lovely evening
      381 words
    • Advertisement
      Page 6 Advertisements Column 2
      52 6 ■Los nYKOS m 6 i j, T *r m V M Wl, i#>?2 fgo Rhythmic guitarists. IB castanets and harmonious voices blend together to bring you the exciting, pulsating sounds of Paraguay TOP OF THE HILTON For reservation call Tel. *****3 Extn. 2536 £3 SINGAPORE HILTON cSLim the mmot of
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      571 6 LEISURE TIME 1 THEATRE: AN EVENING of drama, poetry and song on the theme "Women in Love" Is the offering from the National Museum and Experimental Theatre Club on Friday, June 2, at Bpm In the theatrette, National Museum. Carole Braverman has arranged and directed this entertainment which examines the
      571 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      324 6 SINGAPORE 5 3.00 PM Opening Announcements followed by "Siruvar Ulagam" (Tamil) (repeat) 0 3.35 Diary of Events (Tamil) 0 3.40 Afternoon Matinee "Cluny Brown" (Part 1), starring Jennifer Jones, Charles Boyer, Peter Lawford. 4.35 Intermission 600 PM Opening Announcements followed by "Harold Lloyd's World of Comedy". 6.30 News in Brief
      324 words
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      323 7 r*. -A C; $5 Enchanted evenings in fine European tradition. Mirabelle a* i y 4* *w:'Jk All the ingredients for an enchanted evening are here at Mirabelle. Romantic -1 candlelit setting with gentle muse from strolling minstrels Vintage wines to go with superb French cuisine (our chef recommends Reaette of
      323 words
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      Page 7 Advertisements Column 2
      20 7 ARE OLD SCOTCH «MIMY thtd 9 Jow* Diwaa 6 Sows L" rttrm K«ruM The Ancestor of Whisky I -J m
      20 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      40 7 Bristow "Tne To CMRlSimFve> v^eRC.. Ot€ cytOM r>fvJ ut4"V»l CMC«S"TIPn^S i onc of "Mesc see. ooooes p*£. \N srroße OM ViJITH v xt»* v V u "%> UKTS Sfe£. OUPT \X VV{S HCLLO WCUD, HetlO "fHC F»<?ms PCMOsiT CfM£_NDP*?.. < <±'- /V >xc
      40 words
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  • MARKET REVIEWS
    • Article
      Market enters a phase of consolidation
      1031 8  -  SINGAPORE k 4 By PETER CHIA THE market entered a consolidation phase last week on the Stock Exchange of Singapore. Volume fell over the week, with a total of 23.13 million shares worth $45.63 million changing hands. This gives an average dally turnover of
      1,031 words
    • Article
      Lock icon Rollercoaster week
      595 8 HONGKONG L SOURCE: SHK Sec Ltd THE market had a rollercoaster week with prices opening strongly on Monday In high turnover but closing lower on Friday on reduced trade. For the week on the whole, the Index gained 6.55 points to 468.70 after closing at 471.40 on Wednesday.
      SOURCE: SHK Sec Ltd  -  595 words
    • Article
      Company News for the week ended May 29
      360 8  -  e^pWbr' Teo Teck Weng SCRIP ISSUE Sin Hen* Chan: Proposed bonus issue of one-for-four, capitalising 92.94 million. Pegi Malaysia: Proposed bonus Issue of one-for-flve, capitalising 91.24 million. OTHERS The Malaysian Foreign Investment Committee has approved General Lumber's Intended acquisition of the fixed
      360 words
    • Article
      Lock icon Forecasts bring market down
      845 8 r- NEW YORK NYT GLOOMY forecasts, emanating from Washington as well as Wall Street about prospects for higher consumer prices, higher interest rates and higher inflation rates combined last week to send the stock market decidedly lower. By Friday most of the nation's major commercial banks
      NYT  -  845 words
    • Article
      Fresh flow of US takeover moves in UK
      1115 8  -  r LONDON t d By GERALD COLVERD AMERICAN Industrialists have decided that the UK will be their major new Investment territory for a fresh burst of expansion within the EEC. The message is by no means new but has been boldly restated
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    • Article
      Lock icon Mining stocks in the limelight
      468 8 r SYDNEY Reuter SPECULATIVE mining and exploration stocks dominated the Sydney share market this week while good rises among the major miners and top Industrials carried the All-ordlnarles Index to Its highest level so far this year of 499.63. Overseas buying Interest gathered momentum as
      Reuter  -  468 words
    • Article
      Selling splurge cuts gains
      999 8 K.LUMPUR BETTER buying interest after a moderately bearish start steadied the stock market in Kuala Lumpur most of the week. However, a late splurge of selling ahead of the weekend sent prices falling back to Just above the previous week's ending levels. While values were maintained,
      999 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      105 8 t 4> in FAN Paperback LECAKE C 1 THE HONOURABLE SCHOOL- I I tit' ult unfite espionage novel London. Hongkong. Vientiane are t lie settnvg> and < leorge >mile\ iikl cotnpam art- hack It i» hard to see even le arre could surpass himself atter this H HI.ISHKHS V\ KKKM
      105 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Custom Credit rise small
      267 9 ASIAN CUSTOM Credit Corporation. the finance arm of the National Bank of Australasia, managed to lift earnings only 3.6 per cent In the March half-year, from A 58.22 million to $8.5 million. r Custom Credit's directors said the Increase was ac?k?Ny 10 2 per cent if
      267 words
    • Article
      Lock icon Toray Industries to raise net profit
      190 9 Reuter TORAY Industries Inc said it expects net profit for the «»r ending March 31 to rise ,snarply to four billion yen trom 947 million the previous year. "-Sales are expected to rise sHfchtly to 415 billion yen from 407.48 billion, it said, bat
      Reuter  -  190 words
    • Article
      Lock icon SUMITOMO DENIAL
      70 9 Reuter SUMITOMO Bank has denied a Tokyo press report it will hold talks with Ford Motor Co on Ford taking a stake in Toyo Kogyo Co Ltd. Spokesmen for Sumitomo and Toyo Kogyo also said they knew nothing of an ex- pected visit to Japan by Ford chairman
      Reuter  -  70 words
    • Article
      Mitsubishi Heavy Industries expects drop
      171 9 MITSUBISHI Heavy Industries Ltd (MHI) said it expects after-tax profit in the year to March 31 to fall to about 10 billion yen from 15.03 billion last year on sales of 1.33 trillion 1.38 trillion). It attributed the expected decline to an anticipated fall in
      171 words
    • Article
      MIM price
      28 9 MOUNT Isa Mines Ltd announced its price for copper equivalent wirebar basic CIF main Australian ports, will be A 51.140.00 per tonne immediately until further notice.
      28 words
    • Article
      Optimism at Brown Boveri
      422 9 THE development of new markets by the Brown Boveri engineering concern helped last year to offset sluggish or declining demand from Its traditional customers. While exports, especially those from Switzerland, have recently become mudi more difficult In the light of the exchange-rate situation, new-order volume for
      422 words
    • Article
      Lock icon LSE to issue EOE standards
      79 9 Reuter THE London Stock Exchange Council will issue shortly a set of requirements for members wishing to join the European Options Exchange in Amsterdam. a spokesman said. The requirements concern mainly accounting technicalities. The spokesman noted that the council has never objected in principal to
      Reuter  -  79 words
    • Article
      Lock icon Asea order
      41 9 Reuter ASEA AB said it has an order worth about 250 million crowns to supply 35 electricity sub-stations to the Indonesia state power company P.L N. The stations are intended to serve Western Java's power network, chiefly Jakarta. Reuter.
      Reuter  -  41 words
    • Article
      ICI BOND ISSUE
      43 9 ZURICH: Imperial Chemical Industries Ltd plans to float a bond issue on the Swiss market in the first half of June under the management of Union Bank of Switzerland, bond market bankers said. Terms of the issue are still open.
      43 words
    • Article
      Lock icon Volvo expects higher first quarter profit
      372 9 f EUROPEAN Reuter AB VOLVO said it estimates Its first quarter 1978 group profit after financial Income and expenditure at 165 million crowns compared with the upward revised 129 million In the first quarter of 1977. Volvo said its latest profits are according to
      Reuter  -  372 words
    • Article
      Lock icon Cadbury Schweppes budgets for a rise
      106 9 Reuter CADBURY Schweppes Ltd chairman Adrian Cadbury told the annual meeting the company is budgeting for an increase in profits this year. In 1977, the company had a pretax profit of 48.2 million against 46.4 million in 1976, on sales of 883.6 million against
      Reuter  -  106 words
    • Article
      Ruling on options
      55 9 THE Dutch Finance Ministry has ruled that share options should be exempt from turnover tax, putting them on a par with other securities, the European Options Exchange said. It said in a statement that commission on option deals will come under the same value added tax bracket
      55 words
  • INTERNATIONAL STOCK MARKETS
    • Article
      Generally higher
      388 9 W 1 EUROPEAN MARKETS SHAKE prices closed general!) higher on European bourses on Friday, with the exception ol Frankfurt. Jn PARIS, the market moved higher on some institutional buying and sentiment that the draft law on capital gains may be modified slightly In favour ol the Investor before
      388 words
    • Article
      Amsterdam
      223 9 MAY 26 Fls ABN 358 00 +4 Ahold 105.50 -0 2 Akzo 30 40 1.6 r AMEV 82.50xd -2.7 Amfas 114.50 1 Amrot Bank 77.10 0 3 Bergoss 46 00 -1 .Berk 102 80 1.8 Bols 72.20 0.2 BorsumlJ 159 00 -1 Burhmann 70 00 +2 Byenkorf 90 00
      223 words
    • Article
      Paris
      276 9 MAY 2t Frs CORBEILLE Air-Llquttfe BSNOervals Danone CSFlThomson€Sf) ,Cle Francalv des Petroles Compagnle Financier? (,'ompagnie general* Credit Fonder De France jHachette (Ubralrle) J Machines Bull Mtchelln(B) -Paribas Pechlney Clglne Kuhlmann "-''PeugeotCltroen Philips (Nv 9em Beat) 4 ,Prln temps S A Rhone-PoulenceSA Royal Dutch Suez* Cle Flnan l"homson Brandt 'UMnor
      276 words
    • Article
      Milan
      97 9 MAY 26 Lire Ante 102 1 Assoc Gen ***** -50 Bastogl 488 +6 Centrale 3741 11 Flat 1854 -9 Flnslder 92 +0 5 Gen Immob 79 unch IFIPrl 2171 -19 Italcementl ***** -50 Italgas 701.50 +6 5 Italslder 189 75 1.75 Magnetl M Pf 493 +20 Marelll Ere 300
      97 words
    • Article
      Zurich
      179 9 MAY Francs Actions Swisses 268 W unch AlusulsseBr 124S >20 Alusulsse Reg 514 ♦4 Brown Boverl Br 1720 -HO Ctba Gelgy Br 1135 +5 ClbaGelgy PC 880 unch Clba Gelgy Reg SOS -2 Credit Suisse Br 2145 +15 Credit Suisse Reg 407 -1 ElektrowattBr I860 George Fischer Br 850
      179 words
    • Article
      Brussels
      91 9 MAY 2S Frs 4-/-FORWARD MARKET Acec 279 4-2 Arbe<1 2320 4-10 Astur 656 -4 Brascan 485 4 Bru-Lamb 1505 4-5 Canpac 566 4-4 Cock 422 4-6 De Beers Ebes 2215 unch Electrobel 6300 unch Gb-Inno-Bm 2010 20 Gev 1310 +2 Hobok 2175 -5 Petro 3885 unch Ryl Dutch 1865
      91 words
    • Article
      Frankfurt
      207 9 MAY 26 Dm Aef-Telefunken 79 80 -0.8 Akzo 28.10 1.4 Albs Leber. 808 -4 Allr Vers 464 1 BASF 137 90 +0.7 Bay H T Wbank 285Bxd Bay Vbank 290B Bayer 138 70 -0.3 BBC 283 unch BMW 228B Cassella 340 +3 Chem Verw 239B Commerxbank 2l4xrl -1 Contl
      207 words
    • Article
      Prices decline
      1244 9 NEW YORK STOCK prices declined in moderate pre-holiday trading on Friday, extending the market's downturn to four straight sessions. Analysts said some of the selling may have stemmed from a quarter point rise in the prime rate to 8"» per cent which was Initiated last night by Continental
      1,244 words
    • Article
      Selected Indices
      35 9 FINANCIAL TIMES INDUSTRIALS 4TM Tfcaiwtay 477J W«A A«* 47M DOW JONES AVERAGE INDUSTRIALS Friday Ml.M Thursday MS. 41 Weak Afo Mt.M LONDON DOLLAR PREMIUM Friday INH to 11»H Thursday II* I* II# 1
      35 words
    • Article
      Toronto
      232 9 SHARE prices closed generally lower tn active trading on Friday. The Composite Index was off nearly one point and declines outpaced advances 223 to 219 but eight sub-groups posted small gains. MAY K C* Abltlbl 12* Mean 31% Algoma 20 Bank Mont 20 S unch Bank Nova Scotia 21%
      232 words
    • Article
      Jo'burg
      387 9 GOLD shares eased towards the close on Friday In subdued trading with operators generally holding positions ahead of the weekend, dealers said Mining flnoncials were mostly easier in line with producers De Beers rose briefly to 605 but fell back to Thursday's close at 603 Other metals and minerals
      387 words
    • Article
      Tokyo
      445 9 SHARE prices closed slightly lower In mixed trading with heavy electricals leading the way on Saturday dealers said. The Dow Jones average fell 4.13 to close at 5,435.27 with volume 1120 million shares. The Tokyo Stock Exchange index closed at 407.08, dowo 0.62. Mitsubishi Heavy Industries fell five to
      445 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      146 9 The Love of ooking K •>v Pfl i£,/5 U JSJ. Kenneth Lo, the well-known Chin— cookery writer, Introduce® the reader to the toehntquM of i Kenneth lx> Chin#M cooking, and ghrea an Insight Mo tholr unique way of aatlng. beginning wWi elmpte onedloh main coureee, ha proorooooo through popular aoupe
      146 words
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  • COMPANY NEWS
    • Article
      Current uptrend is still intact
      785 10  -  Market Talk... j By PETER CHIA THE local stock market last week corrected Its overbought position says James Cowan and Associates In Its latest weekly circular, JCA Forecast. The primary uptrend, however, is still Intact. "Though the correction was not reflected to any significant extent
      785 words
    • Article
      Malex Asbestos fall
      701 10 A POOR performance in the second half, aggravated by the Intense competiton and depressed market demand, has put a check to the high growth rates enjoyed by Malex Asbestos Cement over the past one and a halfyears. The company, which had earlier achieved a whopping big increase
      701 words
    • Article
      DIVIDENDS ANNOUNCED
      790 10 Current Ex Books close Date Total forTotal for payment Date payable the yearprevious year Intraco 12%% May 3 May 10 May 27 12V,% 10% Dunlop Industries High A Lew 2lVi% 25% Apr 18 Apr 19 Apr 28 Apr 29 May 6 May 29 May 31 26.5(a) 50% 22.9(a)
      790 words
    • Article
      SCRIP ISSUES
      190 10 Conpuy Particulars Ex Date Books Close United Plantation* Main TuCboaf Bomwfct Groat Eastern Life Malayan Flour Strait* Trading H—<li«— Uw Ho* -A tTf I I. J atitoii riywooo Bonus Issue of 1 for 10 Bonus Issue of 1 for 3 Bonus Issue of 1 for 3 Rights Issue
      190 words
    • Article
      COMPANY MEETINGS
      265 10 King's Hotel Ltd: AOM to be held at Unit 1604, 16th Floor, Hong Leong Building, 16, Raffles Quay, Singapore at 10.00 a.m. on May 30. United Motor Works (M) Holdings Bhd: AOM to be held at Jalan Utas, Batu Tlga Industrial Estate, Shah Alam, Seiangor, at 10.30 a.m.
      265 words
  • Article
    SHARE INFORMATION SERVICE
    2639 10 im High Lew r rcy in Last Sale Qr's Gr'i Net Week Dh Hi ril P/l +er- Cn Week Vol Week (*888) High Low SECTION ONI INDUSTRIALS i*® Acm 182 ?ii J?T Alcom 214 +17 166 112 Allied Choc 164 +21 225 196- Bata 225 •3 60*
    2,639 words
  • Article
    CHICAGO BOARD OPTIONS
    1489 10 May 26 ,9? I A S9 Board Options Exchange volume fell to 71,677 contracts from 121,315 on Thursday. OPTION JLY OCT JAN STOCK Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AtlR AUR Avon Avon-P Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank Am
    1,489 words
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  • MONDAY SPORTS
    • Article, Illustration
      Lock icon Andretti is coming home the long way round
      1093 11  -  By ROBERT DALEY NYT MONTE CARLO: This is the story of Mario Andretti who may or may not drive his Lotus Grand Prix car to the world championship in 1978. It is also the story of a man coming home the long
      NYT  -  1,093 words
    • Article, Illustration
      Lock icon JOE MAY BE DOWN BUT HE'S CERTAINLY NOT OUT
      965 11 NYT NEW YORK: Joe Louis passed his 64th birthday recently In a wheelchair in Las Vegas. The old champion has been in poor health and low spirits lately, but he Is coming out it. Twice last week he rode the wheelchair
      NYT  -  965 words
    • Article
      Lock icon Heart drugs may join IOC black list
      314 11 Reuter LONDON: The International Olympic Committee's medical commission will almost certainly ban next month a heart medicine said to steady the hands of marksmen, a commlsslon member said recently. Professor Arnold Beckett, a British member of the commission, predicted that the so-called Beta-Blocker
      Reuter  -  314 words
    • Article, Illustration
      Lock icon To host or not to host is the dilemma facing Los Angeles
      1077 11  -  By ROBERT LINDSEY NYT LOS ANGELES. When Los Angeles was chosen almost 50 years ago by the International Olympic Committee to stage the 1932 Summer Olympics, the news was greeted here by parties and civic celebration. This was
      NYT  -  1,077 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      164 11 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, SEALION SHIPPING (S) PTE. LTD., Agents for VENTURE BAY SHIPPING COMPANY LIMITED, Monrovia, Liberia, hereby give notice that in consequence of the intended purchase of the vessel "CITY OF NEWCASTLE" presently under British Flag by our Principals we have applied to
      164 words
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      Page 11 Advertisements Column 2
      221 11 A leading American Commodity Trading House has an opening for OIL GRAIN TRADER THE JOB: 1. To develope and manage the company's oil and grain trade in S.E. Asia 2. To look after the company's agencies in oil and grain in S.E. Asia REQUIREMENTS: 1 Minimum three years experience in
      221 words
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  • Article
    A boon for plastics from petrochem project
    507 12  -  Br SIVA ARASU WHEN the Singapore Petrochemical Complex is completed In the next decade, the plastics Industry will no longer need to depend on imported plastic resins. They will be available locally. The huge complex, to be built Jointly by the Singapore Government
    507 words
  • Article
    Lock icon House panel postpones tin action
    224 12 Reuter THE US House Banking Committee put off until this Thursday a vote on the bill to authorise a 5,000-long ton (5,080 tonnes) tin contribution to the International Tin Council's buffer stock. Before adjourning for lack of a quorum, the panel approved an amendment to
    Reuter  -  224 words
  • Article
    KL may buy timber
    51 12 THE Malaysian Primary Industry Ministry may import timber in order to meet the annual timber shortage in the country, parliamentary secretary to the ministry, Datuk Loh Fook Yen said In Kuantan. "The Importing of timber would also help to reduce the burden of our forests," he
    51 words
  • Article
    Lock icon Revamp Tokyo fiscal system
    557 12 LESS RIGID BANKING Reuter AN ADVISORY group to the Japanese Finance Ministry has called for fundamental changes In the nation's financial system, including permission for banks to sell national bond holdings, Introduction of certificates of deposit (CDs), and a general liberalisation of the presently rigid interest
    Reuter  -  557 words
  • Article, Illustration
    OECD states will stall
    492 12 IN A pessimistic revision of Its forecasts, the Organisation for Economic Cooperation and Development (OECD) now expects less growth and more unemployment In Its 24member group this year. The OECD Is composed of the leading Industrial countries of the noncommunist world. Its experts have abandoned hopes
    492 words
  • Article
    Lock icon IMF gold lures 39 member states
    307 12 Reuter THIRTY-NINE developing countries have informed the International Monetary Fund that they reserve the right to submit noncompetitive bids at the fund's gold auctions. These countries would, If they exercise their options fully, be entitled to receive about 3.7 million ounces of the 25
    Reuter  -  307 words
  • Article
    Sales course
    102 12 THE Department of Extramural Studies at the University of Singapore will hold a 12-lecture course on "Motivation of the Salesman and Effective Salesmanship" in New Lecture Theatre 3 every Tuesday and Friday from 7.30 to 9.00 p.m.. beginning June 6. The lecturer will be Mr. Tan Teck Huat,
    102 words
  • Article, Illustration
    SCHLESINGER CONTRADICTS OIL SUPPLY FORECAST
    809 12 US SECRETARY of Energy James Schleslnger asserted last Friday that the outlook for the supply of oil now is bleaker than it appeared a year ago, despite a slowdown in the growth of demand and the effects of Improved conservation. His view was in marked
    809 words
  • Article
    Lock icon Japan's net external assets double
    152 12 Reuter JAPAN'S net external •Mete more Uuui doubled to U5521.98 billies (ever 8*50.5 billion) la Accel 1t77 (ended this March SI) from 99.57 billion a year earlier. The Fiaence Ministry aleo reported that dm increase reflected Japan's current account turpi as and a sharp rise
    Reuter  -  152 words
  • Article
    Lock icon Average wheat crop in China
    114 12 Reuter CHINA'S wheat crop Is expected to be about average at 45 to 47 million tonnes, against 43 million last year and 50 million In 1976, a US Agriculture Department report from Hongkong said. Weather conditions for the summer harvest have been better this year.
    Reuter  -  114 words
  • Article
    We are top Asean GSP exporter
    396 12 SINGAPORE'B exports to the U8 under the duty-free OSP (Generalised System of Preferences) last year were the highest among Asean countries who qualified for the scheme. Malaysia, Thailand, Philippines and Singapore together exported $517 million worth of such goods to America under the scheme.
    396 words
  • Article
    MANILA ALL SET TO BRING 'EM IN
    356 12  -  By TSANG SAU YIN THE PHILIPPINE Department of Tourism has embarked on an aggressive marketing and promotion programme with alms not dissimilar to Its Singapore counterpart, the Singapore Tourist Promotion Board. The tourism body created by presidential decree In May, 1973, will promote
    356 words
  • Article
    Lock icon US textile policy
    133 12 Reuter THE WORLD textile trade conference in London, was told that the US textile Industry is urging the US administration to change its textiles policy at international negotiations. "It is our understanding that a very generous offer of US textile and apparel reductions has beep laid on
    Reuter  -  133 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      463 12 0 Deutsche Bank (Asia Credit) Ltd. Our client, DEUTSCHE BANK (Asia Credit) Ltd., a subsidiary of Deutsche Bank, AG, will soon commence operations in Singapore and offers excellent opportunities for suitable candidates to fill the following three positions:BANK ACCOUNTANT (ES/8053) Reporting directly to the Management, the successful candidate will be
      463 words
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  • Article
    SHIPPING TIMES
    2625 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 Une Involved, and the estimated dates bf arrival and departure from Singapore port t Consortiums Scan Dutch has a joint
    2,625 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      528 13 Scan Dutch V Fast and Regular Service To/From N.C. /SCAN /W.MED./AJ.K. Every 10 Days. Singapore: Tel *****. Port Kelang: Tel *****1 Kuala Lumpur Tel *****. PenangTel ***** SHIPPING Seatrain Lineslnc (USA) Trans-Pacific Service Full Container Service To USA FEEDER VSI SPORE A VESSEL 5>.( MOTHER *St Seatrain Concord Seatrain filler
      528 words
    • Advertisement
      Page 13 Advertisements Column 2
      363 13 EVFRGREEN LINE Greenfield Navigation Co., Ltd. REGULAR LINER SERVICE TO MARIAN GULF ETA SPORE LOAOING FOR CAPE SOYA la part DUMI. KHORRAMSHAHR MARIGOLD lUNII OUBAI. OAMMAM. KHORRAMSHAHR SUN ORION tun 14 DUMI, DAM MM, KHOMAMSHAHR HO LUNG Jva24 DUBAI. DAMMAM. KHORRAMSHAHR GENERAL AGENTS: CHIP SENG COMPANY PTE. LTD.. 131 ROBINSON
      363 words
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      Page 13 Advertisements Column 3
      458 13 STRAITS TRANSPORTATION PTE. IT!) COMPANIA NAVIERA MARASIA, SA LAURO/VICEROY/GLOBAL JOINT SERVICE REGULAR INOtPtNOENT MOATNIT DIRECT KIVKt TO m lABOS •*«wi fcw Mr ivu SINGAPORE TEL *****22/8, *****37, *****34, *****95. K. LUMPUR 42*33, 4257 M P. KELANG *****1. *****3 PCKMK »35«/7 MAN SOON SHIPPING TRADING CO 'PTE > 11D WM K
      458 words
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      Page 13 Advertisements Column 4
      260 13 SHARJAH SHIPPING CO LTD »> (Ul'ftO ARAB fMIKATfS MM»* 'GEN'S Sue SMARMM SHIPPING S i PTE uo ORIENTAL SHIPPING CORPORATION Mh Floor Kheng Mot Biflf H UAL A lUMPUR TEI ?0685' 34 Philip St Spore 1 ISItNO CARGO HANOI'NG TEI 91T133 *****/ *****0 PFNANG f(l ***** H IRAQI LINE IRAQI
      260 words
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      Page 13 Advertisements Column 5
      152 13 Nedllcyd Lines Regular Liner Services To/ From All Parts of the World. Singapore Tel. *****. Port Keiang: Tel. *****1, Kuala Lumpur Tel. *****, Penang: Tat. ***** NO J OS EVERETT STEAMSHIP CORPORATION 8/A s/s "Thomaseverett" Voy. 45-W ARRD: 20.5.78 P.S.A. ODNS. 40/41 General Survey on damaged cargo discharged ex the
      152 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      726 14 SHIPPING FULLY CONTAINERISED TO EUROPE J'por* fUn| M"W| OiaUßay Hoaitorf Eipnn HMftMf Eiprw »«rIM« Bit Mm* t«mi 3/6 5/6 10/6 U/6 19/6 21/6 27/6 30/6 5/7 7/7 14/7 16/7 24/6 26/6 27/6 29/b 1/7 3/7 4/7 (5/7) 11/7 14/7 15/7 11/7 17/7 19/7 20/7 23/7 19/7 21/7 22/7 24/7 30/7
      726 words
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      Page 14 Advertisements Column 2
      758 14 a SANKYO LINE| AUSTRALIA SERVICE rum y\|£ RIVER SAILED 111 POIT FRt ADEL, MEL STD SEA BLOOM 4/6 JUM 7/1 Mm* ADEL MEL, SYD BANGLADESH SERVICE MAT PRINCE SAILED SAILED CMITTAGOWB, CHALNA tENERAL AGENTS CONTAINER BOOKING LOAO AGENTS P KELANG PENANG OCEAN SHIPPING I ENTERPRISES PTE LTD SINGAPORE TEI *****44/7
      758 words
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      Page 14 Advertisements Column 3
      494 14 SEA gLAND U.S.*./ ASIA SERVICE NT KHMOMTEB CONTAINER tUTKf SMUM EVERT MEMESOAT FN PORTS M U9L -EAST SERVICE i M 40TH fLOOR HONG LEONG BLOG 16 RAFFLES QUAY SINGAPORE Cyitome. Service Bookinf *****22 Terminal ?57 n "'j3 ?*****? J FULLY CONTAINWISID SERVICE Go mm batter to Hit MkMle East PRIORITY
      494 words
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      Page 14 Advertisements Column 4
      837 14 Everett Lines Burma Five Star Shippi*! Corpn. "BURMESE NATIONAL LINE" ■UMDtW FOR RANGOON PHASHWEGYAWYWA B F S.S.C Agaqn Mokjyuo TEPS MALAYSIA Port Kelong TM (38)-7355 Panong TM *****/*****' Compania Arfantina Da W~V Nivagaciea Intarcantineirtal S. A. C.I, f jUf/ "ARGENTINE NATIONAL LINE' LOADING 10* DtIHM CAPETOWN BUENOS AIRES CnA Transport
      837 words
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      Page 14 Advertisements Column 5
      435 14 mil JARDINE ANIAI Orient Overseas Co*dcu*teA. Line FULLY CONTAINERISED SERVICE TO EUROfE (VIA SUEZ) MCKATMCN OMENTAL CHIEF 911 i sus mocf im neptimk conal n J4/4 1/7 4/7 7/7 1/7 11/7 Ml ituW all Brtmerhettt (Iter Homburi FULLY CONTAINERISED SERVICE FROM EUROPE P.Mmi S port H Kong Kaohwine isasMoaix V«
      435 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      1309 15 OCL Overseas Containers Limited CONTAJNOBIIP SOmC£ Ti Ml/CWTI«MT: tbub amu TUMI HUM OSAKA BAY NAM VIS UWU EXPMSS imw ur ■MWI EXPBESS TMYB UT IE MU.II El CAMIGAN UT H'burg R'da* It S'DOft P. Ktltng D'lwrk Brim. Awerp Hurt I M S Jn 14 Jn Jn 11 Jn IB W
      1,309 words
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      Page 15 Advertisements Column 2
      1171 15 Ben Ocean Ajantserrvalßin Line BhaßwinelCten line and NSMO TO M/CMTIMHT tan) DM S ipMn P. Mi Finn Eirm BENVANNOCM 4/ I JaM 1/ I JaM SMy Lisbon. Lrnott, Tilbury. Mill. PNROHTIS 11/14 taM a/aiM 11/11 JIM 17 My Bilbao. Am It, Dublin, Liverpool. MMim i/«M| VIMI I ta| Lisbon, Lenoes.
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      863 15 BEN LINE CONTAINERS LIMITED BLC tbrib [imu THAMES MABU OSAKA BAT 1 IBM Tetye Bay Mm Mar SPOBE 1 iaiy I Jaly July (My II Jel» 11 My 1« Jaly IT Jaly IT lily it My K Mr CM My) II My n My a My M My »My i
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      1101 15 Scan Dutch V WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA Feeder fiM P. felang VISUI EIEAHIRA Sailed XUNII FRANCESCA 4/ I NINON ELEANO'A 11/ Ml JI HA funcesca ni n TtYIM ilumu a/ n FMNCIKI 4/ I MRRIIAH S'pore U MMillM 2 Mm X Hkarf 4) »ar a/1 11/• u/i i»/« n/» a/1
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      572 15 GUTHRIE BOUSTEAD agencies THE BANK LINE LTD LMBS FM L ft L ATOCA FORTUNE STAR {MwritiM. Dtvfl.Ofl. Honk Ml. Tiuji Miiufifl, Ourttn, I.L, PE.. tH'tOwn) KUAtM l/lla P. Mling It/It Mm S port 1/ MO nw I AST A SMTTfI AnKi FN BAMCOC. MANILA IRISBANK Pening P. Kiting Spot 1/
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  • Page 16 Advertisements
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      940 16 HUM Kline KAWASAKI KISEN KAISHA. LTD. (VIA SUEZ) fey Ctataiaar Vassals TO BimOPB S'Dore P Kelang L.Havre H'buf! Bremen R'dam A'werp taineriiw J£« a*"* J" 2 J J JJ n iin s taw 2t J«m 31 Mmc 1 Jwy 2 Jelj w L CHIEF J* IS Jaat 18 Jaw 5My
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      Page 16 Advertisements Column 2
      841 16 e.c.-u.s.a./ atlantic/sulf service icceptihc fciyia cmmineb mil symc. p. uuk. pejuhc Ltadi« W: NORFOLK, WW TORN, NEW Mtl«, HOUSTON Smgaport P. Ktlang Ottaaan Penang ••A VESSEL- ~/,T" r t" N'" E. C. I GREAT LAKES SERVICE NODFOU. NEW TIM, MONTREAL. TORONTO. ASHTABULA, OFTMIT, CHICAGO. Ptnang Belawsa P. Kelang Singapore "VISNVA
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      Page 16 Advertisements Column 3
      967 16 •FULLY to eiripe pfiA siec* HONGKONG CONTAINER? MERCATOR ORIENTAL CHIEF SEVEN SEAS HIKE ORIENTAL RESEARCHER CHEVALIER PAUL NEPTUNE CORAL IN* CONTAINER Spar 'All vassals call U H FROM EOROPE (VU SIEZ) NEPTUNE ORIENT LINES LTD FULLY CONTAINERISED SERVICES: SEVEH SEAS ORIOGE ORIHEHTAL RESEARCHER CHEVALIER PAUL NEPTUNE CORAL NEPTINE PEARL P.
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      817 16 m MALAYSIAN INTERNATIONAL SHIPPING CORPORATION BCRHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM M ED/UK/CONTINENT/SCANDINAVIA WEST HUM Feeder *P. Kelant Veisel [UM*U Sa.M HUNM FttWtlU 4/ I Wl MOM FRANCISCA 11/ KIHM (LIANNA I TOYAMA FRANCISCA 1/ 1 KORRICAN 4) Rule UK. 1) kem. EAST 1) MMm, Staakkala. talc. NalnaAi, 2) CNMNiM
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      872 16 INTRASEA (PTE) LTD F.ibe' House /3-1E Orchard Roid Singapore Telephone *****11 *****5/ OTIAIM tIK R dam H"burf M's«il**V S"tO« (li* R dai"/M-#ur|,<A««rp. It d*m,'H'teirG/A'«*rp \V REGULAR INBEPENBENT SEMI FULL CONTAINER SERVICE Ti EBMPI S pore P. Keltic Pen*"* ImtmK ftaegis atnehic i* nh sa.wd •M ESTEBUCR (Caatr tkw) M Ml;
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