The Business Times, 17 November 1977

Microfilm: NL9610
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, NOVEMBER 17, 1977 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Lock icon On shipbuilding
      64 1 Reuter TOKYO, Wed. Regional cooperation In shipbuilding Is expected to be the ma lor issue at a meeting here next week of nine Pacific Basin and Asian countries, the Japanese Foreign Ministry said today. The biennial meeting next Monday and Tuesday, will be attended by shipbuilding officials from
      Reuter  -  64 words
    • Article
      Broadening ties
      55 1 MANILA, Wed. West Germany has asked fellow members of the European Economic Community to discuss broadening relations with Asean, Its Minister of State for Foreign Affairs, Dr. HUdergard Hamm-Bruecher, said here today. Among other things there should be a Joint meeting of foreign ministers, said Dr. HammBruecher, who
      55 words
    • Article
      Lock icon Minimum 10pc hike
      71 1 AP JAKARTA, Wed. An Indonesian oil expert said today Opec must Increase oil prices by at least 10 E;r cent to cope with worldwide Inflation and the S dollar's declining value. Mr. Adlmlr Adln, a Mining Department official who represented Indonesia In the recent Opec economic council
      AP  -  71 words
    • Article
      Lock icon Threat of plenty
      81 1 AP ROME, Wed. US Secretary of Agriculture Bob Bergland told a 144-natlon UN food conference today that excessive grain production Is actually a threat to world agriculture despite scarcity In developing nations. Defending the Carter administration's decision to restrict wheat acreage, Mr. Bergland said In a policy
      AP  -  81 words
    • Article
      Lock icon Japan wins deal
      81 1 Reuter EAST BERLIN, Wed. East Germany today revealed that Its biggest contract ever to a Western firm for a US$45O million (551.07 billion) oil refining complex at Schwedt near the Polish border, would go to Japan. British and French firms had also been competing for the contract,
      Reuter  -  81 words
    • Article
      Swiss mission in
      59 1 A 13-MEMBER Swiss trade mission flew In last night to strengthen and Intensify economic ties between Switzerland and Asean. The mission leader, Dr. Klaus Jacobl, said that Singapore was chosen for the visit because It Is one of the strongest economically within Asean. The Swiss mission will
      59 words
    • Article
      Lock icon Dow Jones
      50 1 UPI NEW YORK, Wed. Stocks headed slightly higher today against a news background that was giving mixed signals about the course of the economy. Trading was fairly active. The Dow Jones Industrial average, which climbed 4.42 yesterday, was ahead 0.09 point to 842.87 shortly before 1600 GMT. UPI
      UPI  -  50 words
  • Chief Prices Changes
    • Article, Illustration
      In Singapore yesterday
      188 1 MODERATE buying interest in selected shares highlighted the generally steady to firm trading on the Stock Exchange of Singapore yesterday. The selective support lifted the Business Times index, which monitors the movement of the day's 10 most active stocks, by 9.91 points to a new peak of
      188 words
    • Article
      In Kuala Lumpur
      108 1 Rises Most octive M Tobacco 6.35 .20 C Securities 234.000 169.000 164.000 150 oon Ben and Co 0.68 .07 Bandar Raya P Carbide 0.80 .07 G. Lumber Sanyo 2.66 .07 G. Ceramics Pan Elec 1.81 .06 Total Turnover: 3.029,000 Rlvervlew 2.80 .06 Total Value: MS5,187.000 Magnum Corp
      108 words
  • Article
    MAS introduces swap facility
    908 1  -  BOON FOR BORROWING BANKS By COLIN CHEE THE MONETARY Authority of Singapore (MAS) Is to give the banking sector an early and unexpected Christmas gift but not one that will be welcomed by all the banks In town. For a three-month period from the end of
    908 words
  • Article
    Bulls are still in firm control
    359 1 THE BULLS held firmly to their earlier lead at the Stock Exchange of Slngagare yesterday and sent the uslness Times Index up by nearly 10 points to an alltime high of 461.52. At the height of the buy* ing activity, prices appreciated by as
    359 words
  • Article, Illustration
    Better rating for managers in public sector
    682 1  -  ■y SOH TIANG KENG SINGAPORE managers in government bodies are more vigorous and business-like than managers In the private sector. This point was raised In a TV forum last night by a top Filipino banker and businessman, Mr. Slxto Roxas, president of the
    682 words
  • Article
    Lock icon Only Gatt can decide
    307 1 Reuter. NEW YORK. Wed. No Individual government has discretion under the General Agreement on Tariffs and Trade (GATT) to decide what Is- fair and unfair, EEC Commission special counsellor for external relations Theodorus Hijzen said. Gatt established and defined several methods of unfair trade, and International
    Reuter.  -  307 words
  • Article
    Move to raise $6b through stock or bonds
    326 1 A BILL tabled before Parliament last week will authorise the government to raise another K billion for development purposes to be administered through the Development Fund. Known as the Development Loan Bill, it empowers the Mopetary Authority of Singapore to act on
    326 words
  • Article
    Forum set up to boost ties with West Asia
    598 1  -  By TERESA LIM WEST ASIA and Asean have formed a forum to promote better economic relations between the two regions. A six-man committee will work out specific schemes and activities to give substance to the forum, according to Professor K. S.
    598 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      33 1 AKAI i* SEE PAGE 3 Overseas News/TV A Radio Oversea* New*/ Ootawordi Local Co. New* International Co. Ne Local Stocks Overseas Stock —PS Commodities Transport —PS Communications —P4 Features rs -P5 Local Overseas
      33 words
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      Page 1 Advertisements Column 2
      119 1 AMOST IMnNGUDSBED C&R! Peugeot 604 exudes luxury. It's rigid body is protected by Electrophoresis and six handsprayed coats of paint plus a top layer of vamish. Insulation from noise and vibration is achieved via a floating differential, seats that are tuned to the fully independent suspension and extensive padding for
      119 words
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      Page 1 Advertisements Column 3
      246 1 -@_!<[+:?@$=;:>."<!++!~|,$-</'' Which bank cut the world down to size, just for you? We did. Hank ot America. I hrough our new World Banking I)\ ision. we've di\ ided up the world ot business into tour, easy-to-manage parts: North America; Latin America: Hurope. Middle Fast and Africa: and the Far Hast.
      246 words
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  • OVERSEAS
    • Article
      Lock icon Don't be smug over present oil glut
      993 2 UNPREDICTABLE VARIABLES WARNING Agencies NEW YORK. Wed. There is no reason for complacency about long-term oil supplies despite an apparent surplus. at present. Exxon Corp chairman Clifton Garvin, said. He told a national foreign trade convention here the surplus stems from slower economic
      Agencies  -  993 words
    • Article
      Lock icon Tougher energy plan urged
      553 2 Agencies WASHINGTON. Wed. President Carter's energy programme will not work and he should present a newer, tougher plan that will reduce US reliance on foreign oil. Republican Party spokesmen Senator Bob Packwood of Oregon and Congressman John Anderson of Illinois said in reply to Mr. Carter's
      Agencies  -  553 words
    • Article
      Lock icon Document may help solve Portugal's woes
      127 2 Reuter LISBON. Wed. Prime Minister Mario Soares said the Cabinet finalised a document that could be the basis for a commonly agreed policy between ail parties to solve the country's economic difficulties. Speaking after the fivehour emergency Cabinet meeting. Mr. Soares said he would
      Reuter  -  127 words
    • Article
      Lock icon INDIAN ATTACKS END OIL HUNT
      120 2 Reuter QUITO. Wed. French Oil Company has suspended prospecting in the jungles of eastern Ecuador because of hostile Aucas Indians who killed three workers earlier this month, company officials said here today. The officials of the General Geophysical Company said the decision was taken despita
      Reuter  -  120 words
    • Article
      Denmark to borrow
      31 2 COPENHAGEN. Wed. I Danish finance Minister Knud Heinesen has been authorised by the Cabinet to try and raise five billion crowns <Ssl.9 billion) in new state loans abroad.
      31 words
    • Article
      Lock icon Better profit margin on cars next year
      905 2 Agencies WASHINGTON. Wed. US car makers apparently will increase their profit margin on cars in the 1978 model year following more aggressive pricing to combat rising imports, a government agency said on Tuesday. The Council on Wage and Price Stability said in its
      Agencies  -  905 words
    • Article
      Lock icon Wildcat strikes hit Spanish hospitals
      268 2 UPI MADRID. Wed. Wildcat -tr:kes by 20.000 hospital employees yesterday paralysed many medical centres here and in the provinces. leaving thousands of patients in the hands of skeleton staffs. The resident doctors, nurse* and other personnel struck to press their claims for a five-day. 42-hour
      UPI  -  268 words
    • Article
      Lock icon Fires but Callaghan sticks to his guns
      226 2 UPI LONDON. Wed. The government stuck to its pay guidelines and refused to make the nation's 35.000 professional firefighters a special case as their official strike entered its third day today. Parliament voted 211 to 58 in support of the govern- ment's stand
      UPI  -  226 words
    • Article
      Lock icon Room for output rise
      147 2 Reuter LONDON. Wed. Prime Minister James Callaghan told Parliament yesterday that "there is room for a substantial increase in productivity" in Britain's state-owned steel industry, which is losing more than til million (554.2 million) a day. He was answering members' questions about recent press reports that
      Reuter  -  147 words
    • Article
      Lock icon First such awards to plutonium widows
      352 2 Reuter CARLISLE (England), Wed. In the first such award of Its kind in Britain, the state-owned British nuclear fuels company agreed today to pay more than £30,000 (*****,500) to two widows of men who died after working with plulonlum. Yet the award, sought for
      Reuter  -  352 words
    • Article
      Lock icon Row over burden of royalty
      99 2 AP LONDON. Wed. Britain's Royal family costs the nation t.2.405.000 (5510.4 million) a year 4 pence per person in the nation. Chancellor Denis Healey said yesterday. The statement to the House of Commons came a few hours after Princess Anne, had her first child. Opposition
      AP  -  99 words
    • Article
      Lock icon Europe lags behind
      119 2 AP BRUSSELS. Wed. The European Metalworkers Federation called yesterday for a genuine European data-processing industry but at the same time warned against its dangers as regards employment and invasion of private life. The Metalworkers said Europe's ••economic, technological and. finally, political independence" is threatened by its lagging
      AP  -  119 words
    • Article
      Lock icon Comecon trade with West likely to suffer
      276 3 AFP GENEVA, Wed. East Europe's trade figures with r West Europe are likely to suffer in the second half of this year due to sluggish «international commerce and protectionist trends. The UN Economic Commission for Europe (EEC) said exports to West Europe by
      AFP  -  276 words
    • Article
      Lock icon French factories busier in September
      153 3 Reuter PARIS. Wed. The French September industrial production index rose 1.6 per cent to 126 (base 1970). The Finance Ministry said the index was 124 for the two holiday months of July and August combined, which was a fall of 3.1 per cent from 128
      Reuter  -  153 words
    • Article
      Lock icon Italian trade deficit
      52 3 Reuter ROME. Wed. Italy had a deficit of 671 billion lire (551.82 billion) on its current account balance of payments, calculated on a transactions basis, in firsthalf of 1977, the Bank of Italy said. This compared with a 2.32 trillion lire deficit In the first half of
      Reuter  -  52 words
    • Article
      Lock icon No escape from sizeable deficit
      536 3 Agencies NEW YORK. Wed. A sizeable US trade deficit may be a fact for some time. Assistant Commerce Secretary Frank Well told a national foreign trade convention. The US will exceed its 1976 deficit of US$5.9 billion (Ssl3 billion) by about five times that amount
      Agencies  -  536 words
    • Article
      Lock icon Accountants heave a sigh of relief over Senate report
      573 3 NYT NEW YORK. Wed. The accounting profession's reaction to a Senate report recommending that the profession generally police itself is one of relief that no new legislation is being proposed. But some accounting firms indicate that they do not go along
      NYT  -  573 words
    • Article
      Lock icon Sterling jacked up to artificial levels
      161 3 Reuter JLONDON, Wed. Sir Kenneth Keith, chairman of merchant bankers Hill Samuel and Co, said sterling it being pushed to artificially high levels and exporters are being penalised, both by the UK government's unwillingness to let interest rates fall and by restrictive British exchange
      Reuter  -  161 words
    • Article
      Lock icon IMF GOLD SALE NEXT MONTH
      135 3 Reuter WASHINGTON. Wed. The International Monetary Fund said it will make the second of four projected annual sales of gold to members In December, It said 6.25 million ounces will be for sale at a price of 35 SDR per fine ounce. The sale will
      Reuter  -  135 words
    • Article
      Lock icon HUGHES SET BAIT TO DIVEST FIRM
      690 3 NYT SAN FRANCISCO. Wed. Howard Hughes, who controlled but did not own the assets of the medical Institute that carried his name, once planned to use those assets as bait In a plan to help him divest a moneylosing helicopter manufacturing company, according to
      NYT  -  690 words
    • Article
      Lock icon US ready for grain sales to Russians
      970 3 Agencies HOME. Wed. The United States is ready to sell the Soviet Union 15 million tonnes of grains to make up for Russian crop losses and will consider any demands for more. US Agriculture Secretary Bob Bergland said yesterday. Mr Bergland. in Rome
      Agencies  -  970 words
    • Article
      Lock icon CALL FOR MORE US-SOVIET ENERGY VENTURES
      244 3 Reuter LOS ANGELES. Wed. US Commerce Secretary Juanita Kreps today urged more Soviet-American ventures to develop Soviet energy resources and pledged an effort to reduce government restrictions that might hinder them. "Some of the obstacles are complex and entrenched," she said In an address
      Reuter  -  244 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      418 2 THESE ARE THE BOOKS THAT HITLER BURNED sseg rr .1 •*»—w LU •> -:i a °i ''I «f r^7T ss:-. S "I" 1 "1 r*» rs tz S i a .g-g-IA,?!» Mltllt'tH 88 as MSM aa -a rMM.I '4 THE GREAT BOOKS OF WESTERN CIVILIZATION These are the' books that
      418 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      395 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Nov 16 at Singapore airport. Maximum Temperature 28.8° C Associated Humidity 73 Minimum Temperature 23.3° C Associated Humidity 100 Hours of Sunshine 0.25 Rainfall in Millimetres 12.3 Total Rainfall for the Month 236.2 Total Rainy Days for the
      395 words
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  • Page 3 Advertisements
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      342 3 FROM FEDERAL PUBLICATIONS n u LiM Hi AN YAM Ft vv>: 1 a ih a step-by-step guide An easy-to-understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger of even the veriest novice. The joy of
      342 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      611 3 THE TWO-IN-ONE CROSSWORD P7 18 CRYPTIC PUZZLE ACROSS 1 A refreshing blow (8) 7 Again shown to be worthy of criticism (8) 8 Saintly name for a duck (4) 10 Set out to fix a keyboard instrument (6) 11 Knock an employer (6) 14 Urge to be hard-boiled? (3) II
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  • COMPANY NEWS
    • Article, Illustration
      Supreme Corporation is confident of further growth in earnings
      1137 4 SUPREME Corporation, which ceased active mining in September this year, is confident of its short-term property development prospects, optimistic about its medium-term plantation operations and hopeful of an improvement in its loss-making manufacturing concern. Chairman Tan Sri Haji Mohamed Noah says
      1,137 words
    • Article
      DIVIDENDS ANNOUNCED
      316 4 Datuk Krramat Supreme Corp KLK S. Tractor* Renong Tin HK Land Com Plant Malayan Banking t Oriental Rothmans Mrntakab Rubber Sime Darby Mime Darby Guinness Gleanealy Kuala Sidim PMRI Austral Enterprise* Talam Mine* Rah Hvd PMC Riverview Tasek Cement Mineral Securities UIC Metal Box S'ports'pore Land Jack Chia-MPH
      316 words
    • COMPANY MEETINGS
    • Article
      Lock icon Did AT & T destroy potential evidence?
      761 4 Did AT T destroy potential evidence? Washington star WASHINGTON: A federal grand Jury In New York City has been Investigating allegations that American Telephone and Telegraph Co officials mav have destroyed potential evidence In an anti-trust proceeding, the Washington Star has learned. However, an AT and T official says the
      Washington star  -  761 words
    • Article
      CHICAGO BOARD OPTIONS
      1263 4 NOVEMBER 15 TRADING on the Chicago Board Options Exchange came to 184,390 contracts compared with 132,159 contracts on Monday. OPTION JAN A PL JLY STOCK Alcoa 40 5 Untrd Untrd 441/4 Alcoa «i 2 3 Untrd 441/4 Alcoa 50 1/2 11/4 Nol 441/4 Alcoa 80 Untrd Untrd
      1,263 words
    • Article
      Bolton-LYL gets loan of M$8 million
      292 4 BOLTON-LYL Sdn Bhd, In which Bolton Properties has a 50 per cent stake, has secured a MsB million syndicated loan from Bumiputra Merchant Bankers (BMB) and two commercial banks to finance its property purchase and shipping cum housing development project off Jalan Pudu. Kuala
      292 words
    • Article
      Hytex queried again
      113 4 THE STOCK Exchange of Singapore has again requested Hytex for information on the company's current position regarding the $750,000 guarantee given to the Hongkong and Shanghai Banking Corporation in respect of Hypak. The SES also asks the company in a letter on Nov 14 for the outcome
      113 words
    • Article
      C. Sugars' M$6.82m buy
      115 4 CENTRAL Sugars acquired its 10.15 per cent Interest in Pan Malaysia Cement Works for a total consideration of M 56.82 million which was paid out of its own funds. This was disclosed by the company in its second reply daied Nov 12 to the Kuala Lumpur
      115 words
    • Article
      People in business
      35 4 MARCO POLO Hotel has announced the appointment of Mr Rudolf Birchmeier as the executive chef. Talam Mines has announced the resignation of Mr Lim Hon Chew from the board of the company.
      35 words
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      Page 4 Advertisements Column 1
      238 4 What is Malaysia doing ensure natural rightful place in industry? Find out in the November 1977 issue of MALAYSIAN BUSINESS MALAYSIAN BUSINESS this month takes a close look at the rubber industry from the processing and marketing to the industrial use of the product and the technological advancements made. In
      238 words
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  • Article
    Lock icon Chrysler files suit against Fedders
    374 5 NORTH AMERICAN COMPANIES Reuter CHRYSLER Corporation has filed an anti-trust suit rnst Fedders Corp, an conditioning manufacturer, In connection with the purchase by Fedders of the Alrtemp Division of Chrysler. The suit was filed In Federal Court here on Monday. A Chrysler spokesman said the
    Reuter  -  374 words
  • Article
    Lock icon Coca-Cola to underwrite archaeological project
    335 5 AP THE COCA-COLA Company has agreed to underwrite an archaeological expedition in Egypt to save tombs of the pharaohs. The project, called the Theban Expedition, will record and study burial monuments In the valley of the kings on the West Bank of the River Nile
    AP  -  335 words
  • Article
    Lock icon Barclays plans to stay in South Africa
    194 5 EUROPEAN COMPANIES Reuter THE chairman of Britain's largest bank, Barclays, said It planned to stay in South Africa to exert what pressure It could to hasten political change. Sir Anthony Tuke told American Chamber of Commerce members that events of the last six
    Reuter  -  194 words
  • Article
    Lock icon Fiat hit by union disputes
    163 5 Reuter FIAT SPA Is working on major technology deals with Venezuela, Poland and Yugoslavia, but car production at Its Turin factories is being affected by union disputes, company officials said. The company recently signed a contract with Venezuela for production of a 1.6 litre petrol
    Reuter  -  163 words
  • Article
    Lock icon Washington Star's saviour resigns
    207 5 NYT JAMES G. Bellows, the editor who was regarded In Washington as instrumental In bringing to the financially precarious Washington Star at midyear its first profitable quarter since 1970, resigned on Tuesday amid reports that the capital's only afternoon newspaper plans new payroll cuts that could
    NYT  -  207 words
  • Article
    Lock icon UAL tender results
    87 5 Reuter UAL Inc and its subsidiary United Airlines said that at the close of business on Monday they received tenders for about U5557.6 million of United*s 5 per cent subordinated debentures and about $71.9 million of its 4 1/4 per cent subordinated debentures that the companies have
    Reuter  -  87 words
  • Article
    Lock icon Philips expects same growth next year
    253 5 Reuter NV PHILIPS Gloeilampenfabrieken expects 1978 volume sales to rise at about the 1977 level of 7 per cent, executive board member Bob Spinosa Cattela told a press conference on the company's third-quarter figures. Philips is still open for offers for Its pharmaceutical company
    Reuter  -  253 words
  • Article
    Lock icon Higher Royal Dutch/Shell profit forecast
    208 5 Reuter MARKET analysts' forecasts of Royal Dutch/ Shell Group third-quarter profits, due on Thursday, range from £330 million to 370 million before currency adjustments. Net income in the second quarter, after currency adjustments, was £307 million, while in the third quarter last year it was
    Reuter  -  208 words
  • Article
    Lock icon Full-year income at Courtaulds may drop
    200 5 Reuter COURTAULDS LTD said although trading results for the second half-year ending March 31, 1978 could show some improvement over the first, results for the full year are expected to fall short of 1976-77 when It earned a net pre-tax profit of £80.90 million
    Reuter  -  200 words
  • Article
    Lock icon Total Oil Marine to issue £25m Eurobond
    162 5 Reuter TOTAL Oil Marine Ltd will Issue a £25 million Eurobond with an Indicated 9 1/8 per cent coupon and sevenyear maturity, Joint lead managers Banque De Paris Et Des Pays Bas, Morgan Stanley International and Morgan Grenfell and Co said. A purchase
    Reuter  -  162 words
  • Article
    Lock icon Vienna's mark loan
    58 5 Reuter THE CITY of Vienna's planned 40 million mark private placement will probably be over seven years and bear a coupon of six per cent city administration sources said. Yesterday, primary bond sources In Frankfurt said this would be the first mark foreign placement to be managed
    Reuter  -  58 words
  • Article
    Lock icon Kennecott offer for Carborundum
    328 5 Reuter KENNECOTT Copper Corp, sitting on a US$l.2 billion pile of cash and securities since it sold Its Peabody Coal Co last summer, has offered $66 a share, or about $525 million, for Carborundum Corp. The Kennecott offer, which the presidents of both companies said they
    Reuter  -  328 words
  • Article
    Lock icon Continental sees good return
    196 5 Reuter CONTINENTAL Illinois Corp is confident its 1977 earnings will give a return on equity which will continue to place It among the leaders of Its 10 bank peer group, chairman Roger Anderson told analysts. In 1976, the bank holding company had operating earnings of US$l3l
    Reuter  -  196 words
  • Article
    Lock icon Petroleum can be produced from coal
    187 5 Reuter FLUOR Corp said In a study for the Department of Energy the production of petroleum from coal may be commercially feasible. The company, through Its subsidiary Fluor Engineers ana constructors Inc, presented the report by Mr. E.W. Neben, Fluor project manager, at Tuesday's
    Reuter  -  187 words
  • Article
    Lock icon New type of shuttleless loom
    73 5 Reuter CROMPTON and Knowles Corp said it is introducing a new type of shuttleless loom which it says can weave multi-coloured fabrics about twice as fast as conventional equipment and at significantly lower cost. The company said the "Roo" loom can produce better quality multicoloured
    Reuter  -  73 words
  • Article
    Lock icon NKK expects a sales standstill in second half
    290 5 ASIAN COMPANIES Reuter NIPPON Kokan Kaisha (NKK) said It expects virtually unchanged sales of about 600 billion yen In the second half-year ending March 31, 1978 from the first half's 600.22 billion yen. NKK said it was unable to forecast after-tax profit
    Reuter  -  290 words
  • Article
    Lock icon Westdeutsche to arrange loan for power project
    231 5 Reuter WESTDEUTSCHE Landesbank Glrozentrale has received a mandate to arrange a US$3OO million Euromarket credit to help finance the construction of a brown coal power station In the Australian state of Victoria. The station, at Loy Jang, is being built in connection with
    Reuter  -  231 words
  • Article
    Lock icon Tokyo bank to write off debt
    84 5 Reuter BANK of Tokyo said Its US subsidiary. Bank of Tokyo Trust Co, will write off a USSI million bad debt owed by United Merchants and Manufacturing Inc in Its 1977 accounts. The sum was part of <3.4 million lent to the company, which
    Reuter  -  84 words
  • Article
    Lock icon KDB raising mark Eurobond
    69 5 Reuter DEUTSCHE Bank AO has confirmed that the Korean Development Bank is negotiating to raise a 100 million mark seven-year Eurobond. probably with a 7% per cent coupon. The bank, which is the lead manager, said final conditions will be set on Nov 25. Proceeds will
    Reuter  -  69 words
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      Page 5 Advertisements Column 1
      326 5 The first new idea in encyclopaedias in over 20Oyears-Britannka3. Britannica 3 does what no other encyclopaedia has ever done before: It serves the three basic needs of users in three distinct ways. That's what makes it the most useable reference work ever developed. That's why Britannica 3 is the encyclopaedia
      326 words
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  • Article
    Share Information Service
    2423 6 Gr'i Gr'i Net 1977 Ua div Div y'kl P/E Vol Dav Lew Coapuy Sale +or- c'vr (*•66) Higk Low SECTION ONE INDUSTRIALS 154 134 Ac ma 139 12.ON 1.8 8.8 8.5 204 165 Alcom 165 10.0 0.5 8.0 26.6 116 58 Allied Choc 106 -2 21.2 6
    2,423 words
  • Article
    Transactions in Singapore
    1439 6 BID tMI oflW prkw aAcially to Um Stock Exchange tt&mcm- mtorfay with the —dhar a* •kuMtnMatoinkhnebtota lots of I,MO units uaioes othsrwiee •pacified. All Tin* Settlement Csatmcto are qvtud after Um w*rd "Sett." Bi« Beard deals (to MtrfMNultolintMtaiilto Um letter BB SECTION ONE INDUSTRIALS Aom (I.MB 1.406)
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  • Article
    In Kuala Lumpur
    1626 6 BID and offer prion officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lota of 1,000 units unless otherwise specified. INDUSTRIALS Asm 11. MB). Altaomot* (2.058) (S) S.lO. AIM. MM (O.MB) (1)
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  • Article
    Stock options
    109 6 STRIKING prices of the stock optiqns officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and businese done yesterday, with the number of options traded shown in brackets. Incbcape (March 52.10) (0.21B) O U B (Dec $2 60) (0.058 0.075) (March $2.60) (0.148
    109 words
  • Article
    Unit trusts
    146 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Miitm' prioa The Commerce far Nov 17) (Comal p rices) 1.77 1.67 INCOME BOND 1.06 1.14 The Savins Fund 1 05 1.11 S pore Prog Fund OSS 0.90 MARA BUMIPUTRA FUND S pore Security (Maaafars' priooa i far Nov IT) Fund 1.63
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  • Article
    GOVERNMENT BONDS
    139 6 Rep Spore D Mark 7% IM2 (100,000) (100*B 101*8) Rep Spore 6 1/2% I*B3 (100,000) (100*B 100*8) Rep Spore 7 3/4% 1987 (100,000) (99*8 100*S) 4 3/4% 1/5/7* (250,000) (100.30B) 5 1/4% 15/10/7* (250,000) (100.808 101. OOS) 5 3/4% 1/8/78-80 (250,000) (100.958 101.108) C 3/4% 15/6/80 (250,000) (103.70B)
    139 words
  • Article
    CORPORATE BONDS
    177 6 B O T 8 1/2% 1981 (100,000) (100*B 100*8) B O T 7 5/8% 1964 (100,000) (97*8 97*8) LTCB J 1982 (100,000) (98*B 99 *8) Credit Lyonnaia Floating 1983 (100,000) (97*8 97*8) DBS ConverU C 1/2% 1991 i 100,000) (96*8 96SS) IBSB 1/2% 1982 (100,000) (99*8 100*8) E
    177 words
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      Page 6 Advertisements Column 1
      176 6 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who
      176 words
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  • Article, Illustration
    SES TURNS SELECTIVE
    639 7 MODERATE buying interest in selected shares was the highlight in generally steady to Arm conditions on the Stock Exchange of Singapore yesterday. The selective support lifted a number of industrial, hotel, property and commodity shares appreciably higher and the Business Times index, which monitors the movement of
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  • Article
    FAVOURITES GIVE WAY
    389 7 SPECULATIVE interest continued to feature prominently in selected issues in a generally steady Kuala Lumpur stock market yesterday. Following the firm conditions in the past few days, iight forays were made Into a different batch of lowerpriced stocks which consequently ended with marginal to moderate price increases.
    389 words
  • INTERNACIONAL STOCK MARKETS
    • Article
      Hongkong
      376 7 HONGKONG: The market closed steady In quiet and featureless trading, dealers said. The Hang Seng Index rose marginally by 0.03 point to 430.80. They said uncertainties surrounding the textile talks between Hongkong and the EEC coupled with a rise In domestic money market rates dampened Interest. Hongkong Bank and
      376 words
    • Article
      Tokyo
      486 7 TOKYO: Share prices fell sharply on sporadic liquidations in the absence of fresh market factors, dealers said. The Dow Jones average fell 48 29 points to close at 4,903.50 on volume of 160 million shares The new index closed at 368.39. down 1.96. Export-orientated electrlcals. vehicles and precision instruments
      486 words
    • Article
      Sydney
      473 7 SYDNEY: The market was generally lower, with minings depressed by press reports of lower Japanese demand for Australian Iron ore and coal, dealers said. The Sydney All-Ordinaries index fell marginally by 0.09 point to 449.11. BHP fell 10 to 5.50 and Utah 18 to 3.20, while Thiess and Oakbridge
      473 words
    • Article
      Manila
      164 7 MANILA: Oils and minings were little changed while commercials rose, dealers said. In minings, Philex lost two points while Lepanto rose one point and others were unchanged Among oils, Transasia declined by two points and Basic was down one point, while others were steady. In commercials. San Miguel and
      164 words
    • Article
      Bangkok
      122 7 NOV l« Bahts Asia Fibre 302 -9 Bangkok Bank 413 Bangkok Invest 380 -10 Bangkok-Metro-3810 100 politan Bank Bata 810 -10 Berli Jucker 820 -32 Charoong Thai 305 Wire Dumex DusltThanl Faber Merlin First Trust 370 -8 Genera Finance 379 -3 Indo-Thal Industrial Finance Corp J And J Ho
      122 words
    • Article
      Amsterdam
      301 7 AMSTERDAM: Prices fell across the board in quiet trading although a late rally erased some of the losses, dealers said. Dutch internationals fell, except for Philips which firmed 0 80 guilders on higher than expected third quarter profits, they added Elsewhere, shares fell with the exception of banks which
      301 words
    • Article
      Brussels
      175 7 BRUSSELS: Shares closed mostly lower. Influenced by the downtrend on Wall Street Unfavourable economic factors and the weakness of the franc also helped depress prices, bourse sources said They said electrical companies. which have high borrowing needs, fell on the renewed upward trend In Belgian interest rates. In foreign
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    • Article
      Frankfurt
      356 7 FRANKFURT: Shares prices continued their recent buoyancy and despite an easier start, closed overall at the year's highs, bourse sources said. The market's strength was attributed to heavy Institutional purchases and especially renewed buying in some shares which have recently shown an easier trend, they said Stores advanced by
      356 words
    • Article
      Milan
      179 7 MILAN: Stocks were narrowly mixed In thin and lacklustre trading ahead of the closure of the monthly account, oourse sources said. Continued uncertainties on the Italian business and social fronts are keeping trading at a low level Montedison. Fiat and Anic were among the few industrial leaders to gain.
      179 words
    • Article
      Paris
      361 7 PARIS: Share prices fell slightly in fairly quiet trading following the weaker trend on Wall Street and fears about French October trade figures due this week, bourse sources said. In autos. Peugeot fell 3.70 fram.l 11 announced higher net turnover in the first nine months of 1977 Electrlcals. constructions
      361 words
    • Article
      Zurich
      301 7 ZURICH: Prices closed slightly lower In restricted trading Influenced by Wall Street, dealers said Swissair bearer eased In transports. while leading banks and Insurances were barely steady, except for bearer shares of Zurich-Versicherung. Among little changed flnanclals. both Oerlikon-Buehrle stocks were subject to further profit-taking Industrials showed only minor
      301 words
    • Article
      Jo'burg
      366 7 JOHANNESBURG: Gold share prices were easier, reflecting lower bullion advices, dealers said. Losses ranged between five and 10 cents in smaller issues and up to 100 cents in heavyweights. Financial minings were lower in line with Dro- ducers. Elsewhere. Dc Been was three cents up at 518. Other metals
      366 words
    • Article
      Toronto
      312 7 TORONTO: The market closed narrowly mixed In active trading after a late rally faltered The Composite index was off nearly a point but gains led losses 200 to 190 Dome Pete rose 2-1/4 to 44. Thomson Industries one to 3d and Canada Malting "A" 7/8 to 297/8 Trimac "A"
      312 words
    • Article
      New York
      1217 7 NEW YORK: The bulls returned to Wall Street on Tuesday after riding out some early selling Trading was heavy. Contributing to the advance, according to market analysts, was a surprise prime rate cut by a small mid western bank, reassuring Investors that shortterm Interest rates have peaked. "Investors
      1,217 words
    • Article
      Indices
      65 7 FINANCIAL TIMES INDUSTRIALS Tuesday 487.9 Monday 496 7 Week Ago 492 2 DOW JONES AVERAGE INDUSTRIALS Tuesday 842.78 Monday 838 36 Week Ago 816.27 LONDON DOLLAR PREMIUM Tuesday 100* to 101V. Monday 100* to 101* H.K. HANG SENG Tuesday 430.77 Monday 432.76 Week Ago 433 93 SYDNEY INDUSTRIALS Tuesday
      65 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      617 7 For complete banking services, call: Alaemone Bank Hederlond NV 2 Cecil Strut Sinmon 1 (Tel: 015.511) lank o♦ Amefko Clifford Centre 24 Rofflee Hmce iinmon 1 (Tel: 013.322) Alia CoMMtcid Banking Corpn Ltd 104/10* liMmm Road 1 ITJ. 2221.222) Aiten-Poiifik-Benli AC Overdooi Union Shopping Centra. Mesionine Flaar 50 Co4ty*f Quay
      617 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      423 8 THE Singapore rubber market opened 1.50 cents lower yesterday, In line with easier London advices, but later recovered fractionally on short-covering Interest. Moderate Jan/Mch 1978 offerings were absorbed at the scale down. Forwards and physicals were neglected and volume remained small. The morning session closed
      423 words
    • Article
      Closing prices
      29 8 Rubber: Nov 16 Singapore: December 206.25 (down 1.50 cents) .Malaysia: December 206.00 cents (down 1.30 cents) Tin: 51.765 (down $30) Official offering: 197 tonnes (up two tonnes).
      29 words
    • Article
      RAS PRICES
      396 8 R A S prices In cents per kilo yesterday Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int 1 R S.S. prompt f o.b. 206 00 207 00N 205 50 206.50N Int 1 R S S Dec 206 50 206 75 206 25 206 50 Int.
      396 words
    • Article
      SSR AND SMR
      111 8 NOON SSR and SMR prices yesterday December J>nu*n R.A.S. (Current Mlh) (Fo rvud Mthl Buyeri Sailer* Buyer* Seller* (cent* per k* > (a nuperkf) SSR 20 (1--ton pallet) 201 00 203 00N 202 00 204.00N SSR SO <1--ton pallet) 198 50 200. SON 199.50 201 SON M.R.E.L.B.
      111 words
    • Article
      Coffee
      267 8 LONDON. Wed. Coffee futures opened £24 to £11 per tonne up on Tuesday's close. 214 lots were traded and the official tone was "about steady." Dealers said an anticipated rise of around £50 failed to materialise as moderate trade selling at around current levels developed during the opening. Terminal
      267 words
    • Article
      Produce exchange
      520 8 SINOAPORE produce market was quiet yesterday. Prices held steady to firm but very little business was transacted. Sentiment for copra and coconut oil improved over the previous day In tandem with the overseas edible oil markets which remained firm. Of particular interest to local traders was the report
      520 words
    • Article
      Hongkong comex
      393 8 HONGKONG. Wed. Trading in sugar futures was mainly easier on commission and trade house selling towards the close, with prices in line with today's London sugar opening. Trading was active with March and September rising USO.OI and 0.04 cents respectively, while other months fell 0.04 to 0.08 cents.
      393 words
    • Article
      Palm oil
      71 8 C.I F Rotterdam. US dollars per ton LONDON: Ty«day Previous Malaysia 5% tfa bulk Jan Sumatra 5H ffa Nov Dec unq 472 '■> pd 442 W/447 *-1 pel 425 sir 400 sir 437.50 sir Jan Feb March Nigerian 5% ffa bulk Sumatra Nov Zaire (Belg francs per kilo)
      71 words
    • Article
      Sugar
      329 8 LONDON. Wed. Terminal sugar finished the first call £1.80 to £0.25 up from Tuesday afternoon's close, but substantially below improved kerb levels. Dealers said the easier tone reflected trade reports that the Dominican Republic Is in the market to sell 35,000 tonnes of raw sugar for shipment In first
      329 words
    • Article
      Straits tin
      205 8 THE Straits tin price In Penang yesterday was down Ms3o to $1,765 on an official offering up two tonnes to 197 tonnes. Sentiment was depressed by the continued decline on the London Metal Exchange. In LONDON yesterday, tin fell by 145 for cash and £32 for three months
      205 words
    • Article
      Cocoa
      350 8 LONDON. Wed. Cocoa futures finished a generally quiet first call £3.50 per tonne down from Tuesday's close to £5 higher. Of the 418 lots traded at the call, 356 were crossed. Dealers said much of Tuesday's news notably the Gill and Duffus report and the first four weeks of
      350 words
    • Article
      Rice
      189 8 BANGKOK. Wed. Indicative prices quoted today: (US dollars per tonne fob basis Bangkok >: White Rio*: 100 pet Ist clasa 316. 100 pet 2nd 302. 100 pet 3rd 2S« 5 pet 286. 10 pet 267, 20 pet 201. 15 pet 204. 25 pet 254. 35 pet unq Brofcaa: A-l
      189 words
    • Article
      Soybeans
      106 8 CHICAGO, Wed. Soybean futures posted gains of US 18 to 13 cents a bushel at the close yesterday, but finished well below earlier highs reached in a nearlimit advance. The nearbys closed above the $6 level, with November at $6.10-3/4 and January at $6.15-1/2. Prices later retreated from the
      106 words
    • Article
      Wheat
      109 8 CHICAGO, Wed. Wheat futures retained most of the day's gains as they closed US6 1/2 to 3 1/2 cents a bushel higher yesterday. With the gains in soybean and corn futures contributing to support, prices rose on local and commission house buying generated by the announcement of more sale
      109 words
    • Article
      Copper
      297 8 LONDON. Wed Copper wirebars finished the morning with gains of C 2.50 for cash and £2 for three months. The early pre-market was firmer In sympathy with the New York close although pricing sales developed from iB6O down to £856 following a further decline In gold. Short-covering held the
      297 words
    • Article
      Lead
      104 8 LONDON, Wed. Lead ended the morning ring £3 up for cash and £2.75 per tonne higher for three months. Dealings were rather thin with a large part of the ring turnover of 900 tonnes consisting of carries. Three months finished the kerb at 1'349.25 after trading at £350 in
      104 words
    • Article
      Zinc
      129 8 LONDON, Wed. Zinc was 14.75 up for cash and £3.50 higher for three months at the end of the morning ring. Dealers attributed the very steady trend of this market to trade reports of physical Interest in the US and Europe. Three months traded from 1290 in thepre-market to
      129 words
    • Article
      Gold
      399 8 THE kllobar market in Singapore yesterday opened at 5512,601 and closed at 5512.606 with narrow fluctuations in quiet trading conditions. In the London market, the metal opened at U*****.20/ 40 and closed at the same level. The London morning fix was U*****.75, down 90 cents from the previous fix.
      399 words
    • Article
      Silver
      167 8 LONDON, Wed. Silver closed with all round gains of 0.9 pence per troy ounce. The market fluctuated narrowly throughout the morning around the 268.0 pence level for three months with the steady New York close partly offset by the decline In gold. Only 24 lots changed hands. On Tuesday,
      167 words
    • MONEY AND EXCHANGES
      • Article
        Singapore
        596 8 UNLIKE the previous day when rates were steady, the local money market yesterday was very active with a great deal of activity. Rates were on the high side. Most of the activity was recorded in overnight funds while the terms were generally neglected. Overnight rates opened modestly at the
        596 words
      • Article
        Minimum lending rates
        40 8 ACBC 7 fi'i Algemene Bank 7 Citibank 7 Bangkok Bank HSBC 7 Bank of China Malavan Banking 7 Bank Tokyo Bank Negara (K'BC h 'l OCB 7 UCB 7 Chaae Manhattan I'MBC 7 DBS 7 COB 7
        40 words
      • Article
        Asian $ rates
        173 8 Asian rates ASIAN currency deposit Inter ban It rate* u at cloae on Nov IS U8 Dollar* (Spot) Mb RU 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths 6 5/8 .6 7/16 6 15/16 .7 1/16 .7 vie .7 V16 .7 V» Sw. Fr».
        173 words
      • Article
        Discount
        6 8 ■hfjS* Scarce: National Discount Co
        6 words
      • Article
        Euro $ rates
        143 8 Euro rates LONDON, Wed. Early trading interest was small with sentiment unaffected by the point reduction In prime rate by a small US bank, announced yesterday. Near term periods eased by between 1/16 and because of the Friday dealing technicality. The three and four months rates were additionally depressed by
        143 words
      • Article
        Treasury bills tender
        37 8 THE Monetary Authority of Singapore invites banks and discount houses to tender for $20 million 91-day Treasury bills to be issued from Nov 22 to 25 Each tender must not be less than $250,000.
        37 words
      • Article
        New York
        152 8 NEW YORK. Wed The dollar yesterday closed weaker on the day In nervous and moderately active trading. The dollar showed modest gains until news of Assistant US Commerce Secretary Frank Weil's forecast of continued sizeable US trade deficits produces immediate losses in dollar quotes in afternoon business. Dealers
        152 words
      • Article
        London
        189 8 LONDON, Wed. Foreign exchange activity was minimal at the opening. principally due to today's West German market closures. The dollar showed a slightly offered tendency after closing weaker In New York last night following a reminder from US Assistant Commerce Secretary Frank Well of the unfavourable US trade deficit
        189 words
      • Article
        Tokyo
        136 8 TOKYO. Wed. The dollar for overnight delivery closed at 245.40 yen, up from a 245.30 opening but down from 245.50 at yesterday's close. The Bank of Japan bought an estimated US$lOO million to defend the dollar. Spot trading was active with $295 million changing hands. After initial narrow fluctuations.
        136 words
      • Article
        Hongkong
        119 8 HONGKONG, Wed. The US dollar closed virtually unchanged from New York overnight levels with trading dampened by today's German holiday. The US unit was quoted at 245.15/30 yen and at 2.2455/65 marks. Sterling ended slightly harder at U551.8175/85 compared with New York's $1.8165/70 close. The Hongkong dollar closed slightly
        119 words
      • Article
        Australia/ NZ
        59 8 AUSTRALIA/ NZ exchanges quoted on Nov 16 AUSTRALIA: US dollar 1.1283/ 1 1235 Sterling 0 8231 0.6164 Ninety-day air mall buying rate*: Sterling 0.6300 U8 dollar* 1.1967 Ninety-day forward buying rates: Sterling 0.6100 US dollars ***** NEW ZEALAND: Sterling 0 5464/ 0 5454 US dollar 0 9063/ 0.9663
        59 words
      • Article
        Zurich
        53 8 ZURICH exchanges closing quotes on Nov IS. U8 2.2021-2034 UK 4 0019-0043 Can 1.9717-0600 W germ 96 01-07 Neth 90 56-64 France 45 30-33 Belg 6 2361-2406 Denm 35 90-94 Norw 40.20-24 Swed 45 90-93 Italy 0 2506-2500 Austria 13.75-76 Port 5 40-1/2-43-1/2 Spain 2 65-1/4-65-3/4 Arg 0 41-51
        53 words
      • Article
        Eurobonds
        349 8 LONDON. Wed. Trading In Eurobonds was dampened by holidays In some West German centres, and prices were generally little changed. Eurobond prices quoted on Nov it Strain his Bid Offer Nippon Fud Bank 7* 82 87V. 97* DSM (Holland) 8*87 98 99 BNDE( Brazil) 9V. 84 97S 98* Sweden
        349 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      381 8 NEW from Penguin o BELLOW 1976 Nobel Prizewinner 1976 Nobel Prize Winner is at his best again in his latest book To Jerusalem and Back'. As with his recent best-seller 'Humboldt's Gift', Bellow's brilliant images emerge at frequent intervals like sunshine through fog, witty, clever, radiantly imaginative and without doubt.
      381 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon Recall rate goes skyrocketing
      912 9 US CAR MAKERS WORRIED NYT Detroit, wed. The number of cars and trucks being recalled this year for safety reasons by United States automobile manufacturers is skyrocketing. The figure neared the 8 million mark yesterday when the Department of Transportation announced that the Chrysler Corporation had
      NYT  -  912 words
    • Article
      Frota Oceanica Brasileira
      170 9 FROTA Oceanica Brasileira S.A., the Brazilian national line, started sailings to Singapore In 1970. It provides a regular monthly service between Singapore and ports like Santos and Rio de Janeiro, which are Its principal Brazilian ports. In South-east Asia. It also calls at Port Kelang and Penang,
      170 words
    • Article, Illustration
      ANRO AUSTRALIA
      71 9 ANRO Australia, pictured above, is the first of three siater ships built for a consortium of shipping lines comprising ANL, Neptune Orient Lines of Singapore, Australia Straits Container Lines and Nedlloyd, and provides a fully containerised service of trade goods not previously available to importers and exporters. Built
      71 words
    • Article, Illustration
      IN PORT
      327 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Anette Maersk (0600 after Vlshva AJay) 42/43 Bunga Mas (1100) 19 Emma Bakke (after Hongkong Mail) 1/2 Ibn Alroomi (after Marl Boeing) 31/32 Kelyo Maru (Car Carrier 8 JVT) (2300 after Noshlro Maru) 44 Magellan Maru (after Shlnkal Maru) 38/39 Marco Polo (0800
      327 words
    • Article
      Lock icon Everything is normal reports Lufthansa
      408 9 UPI BONN, Wed. West Germany's Lufthansa airline reported "Normal Operations" yesterday despite a threat by terrorists to destroy three of the company planes in the air after Nov. 15 in revenge for the prison deaths of three other urban guerrillas A spokesman for Lufthansa said
      UPI  -  408 words
    • Article
      Lock icon London freight market
      257 9 AP LONDON. Wed. Period employment chartering continued at a good level on the London freight market on Tuesday, but the single voyage section was relatively subdued. Malayan Industrial Supply provided considerable interest by taking the Atlantic Hawk (28,710 dwt) and the Atlantic Hope (30,250 dwt) for a
      AP  -  257 words
    • Article
      Lock icon OFF AT LAST
      149 9 AP SEATTLE. Wed. The United States' $53 million super-Icebreaker Polar Star is at sea at last, after a twoyear coast guard career of Ignominious shuttling between dockside and drydock here. The 399-foot, 13.000-ton vessel pulled out of Puget Sound yesterday headed for Wellington, New Zealand, and the
      AP  -  149 words
    • Article
      Green light for Straits plan
      257 9 LONDON. Wed. International maritime experts yesterday approved plans to control sea traffic In one of the world's busiest waterways. the Malacca Straits. The plans, proposed by Malaysia, Singapore and Indonesia will significantly affect Japan, which uses the Straits extensively In Its trade with the rest
      257 words
    • Article
      Lock icon BA hit by profit shortfall
      388 9 FT LONDON, Wed. British Airways made only about two-thirds of Its expected operating profit during the six months between April and September. The £37 million shortfall in its projected operating surplus of more than £100 million resulted from a number of problems, including its own
      FT  -  388 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      643 9 ARRIVALS Service 'Local Operator Number Time From CPA CX003 0145 MAS MH601 0715 MAS MH682 0180 KCH SIA < SQ101 0815 KUL MAS MH621 0850 PEN MAS MH607 0900 KUL MAS MH671 0945 PEN/KUL SIA SQ103 1015 KUL GIA GA980 1030 HLP CPA CX710 1035 HLP SIA
      643 words
    • Article
      Lock icon It pays to travel by car in UK
      382 9 Reuter LONDON. Wed. It costs more to travel by rail in Britain than in five other developed countries of western Europe, according to a survey published by the consumers' magazine. -Which?" Which measured cost by the hours a person has-to work to
      Reuter  -  382 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      161 9 GAMBLERS HANDBOOK (P 0&° r? \\o& S J* ffi P W I 1 t 7 K oO w n It ffl H by E. Lenox Figgis F.C.A. A procticol handbook explaining how hotting tokos ploco on tho world's most popular hotting pastimes, including horsos, dogs, football pools, sporting events, casino
      161 words
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  • Article, Illustration
    Lock icon Decor for restaurants is big business
    695 10 NYT EL SEGUNDO. CALIF. Wed. John P. Wilson, a 38-year-old Callfornian who made his fortune after he bought 1,037 pull-chain toilets, now has half a dozen English pubs for sale here, complete with the walls. They are In a warehouse a few blocks from
    NYT  -  695 words
  • Article, Illustration
    Lock icon The Franco legend is fast fading into oblivion
    1529 10 UPI MADRID, Wed. To some Spaniards, it seems as If Generalissimo Francisco Franco has been dead not for two years but 200. Summing up his feelings about the second anniversary of the dictator's death next Sunday, Socialist Party Chief Felipe Gonzalez said:
    UPI  -  1,529 words
  • Article
    Lock icon What once was waste now holds pride of place
    702 10  -  QUEEN Victoria, who believed feminists should be flogged ,was pleased to employ a woman chimney sweep. The trade card of Mary Ann Howies, 1848, states, that she is "chimney sweep and dustman to Her Majesty." ANNE RUBINSTEIN reports on the Ephemera
    Reuter  -  702 words
  • Article, Illustration
    Lock icon Bad news for wine drinkers
    912 10 UPI PARIS. Wed. Amidst dark headlines of brewing wais and unemployment, the latest bad news to hit France is that the new Beaujolais wine will be more doctored with sugar than ever and more expense. The Beaujolais "scandal" as one newspaper called it. is more
    UPI  -  912 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      50 10 NOW ON SALE at your regular bookshop. The phenomenal bestseller which has taken America by storm the story of a black American's search for his roots in Africa. ROOTS has sold over 1'« million hardback copies since its publication and it is continuing to top the bestseller lists even now.
      50 words
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  • Article
    Way to enhance regional timber industry
    610 11 KUALA LUMPUR, Wed. Malaysia yesterday suggested that South-east Asian timber manufacturers consider the adoption of a common standard and strategy to enhance the Industry on a regional basis. Making the suggestion, the Deputy Primary Industries Minister, Mr Leong Khee Slong said, only the "tip
    610 words
  • Article
    Lock icon SEOUL-JAKARTA MOVE ON WOOD VENTURES
    256 11 Reuter SEOUL, Wed. South Korea and Indonesia agreed to promote wood-processing joint ventures, according to a Joint communique released at the end of a threeday visit by Indonesian Trade Minister Radius Prawlro. Mr. Prawlro said Indonesia was gradually shifting from raw materials to semi-manufactured and
    Reuter  -  256 words
  • Article
    Lock icon Tokyo may not buy more Chinese crude
    342 11 Reuter TOKYO, Wed. Japan may not be able to Increase its Imports to 10 million tonnes of Chinese crude oil annually over the next five years under the new longterm private trade agreement to be concluded In the near future. A Japanese economic
    Reuter  -  342 words
  • Article
    A tighter PUB
    141 11 MOVES to tighten the financial reporting of the Public Utilities Board form a bill read In Parliament for the first time last week. The Public Utilities (Amendment) Bill prescribes that the auditor, to be either the AudltorGeneral or appointed In consultation with the Auditor-General, will have specific
    141 words
  • Article
    Lock icon Malaysia sees further rise in palm oil production
    322 11 Reuter AFP KUALA LUMPUR. Wed. Peninsular Malaysia crude palm oil production rose to 130,522 tonnes In August from 110,156 In July and 105,386 tonnes In August 1976. Preliminary Statistics Department figures also show that production for the first eight months totalled 985,022
    Reuter; AFP  -  322 words
  • Article
    Limit of 15pc for tax on interest
    190 11 THE Philippine-Singapore agreement to avoid double taxation, which came Into force yesterday when both parties ratified it, provides for a 15 per cent limit for tax on Interest earned in the source country. This was announced yesterday by the Finance Ministry which also
    190 words
  • Article
    HK-AFRICAN OFFICE
    187 11 HONGKONG, Wed. The Hongkong General Chamber of Commerce has urged the Trade Development Council to set up a permanent office in Africa because of its trade potential. In its latest bulletin, the chamber expresses the belief that Honskons can sell more to Africa If it has a permanent
    187 words
  • Article
    Reshaping India's economic policies
    158 11 NEW DELHI, Wed. The Janata Party has called for a reshaping of India's economic policies so that an annual growth rate of 7 per cent per annum can be achieved over the next five years. In a detailed economic policy statement released on Monday night, eight
    158 words
  • Article
    Lock icon Japanese reserves shoot past US$20b
    861 11 DOLLAR BUYING OPERATIONS Agencies TOKYO, Wed. Japan's gold and foreign exchange reserves topped US$2O billion (Ss4B billion) for the first time to reach $20.1 billion yesterday. Officials sources attributed the surge chiefly to dollar purchase operations undertaken by the Bank of Japan totalling more than
    Agencies  -  861 words
  • Article
    Lock icon China's $600m loan for French purchase
    623 11 NYT HONQKONO, Wed. A French bank Is reportedly close to signing an agreement with China to provide about US$25O minion (SS6OO million) for Peking to purchase French oil drilling technology and equipment. The deal is believed to be the largest- Chinese Purchase in the
    NYT  -  623 words
  • Article
    Lock icon Lanka lifts exim, monetary controls
    474 11 UPI Reuter COLOMBO, Wed. Sri Lanka announced yesterday It will immediately begin moving the country towards a free market economy by ending monetary exchange and import-export controls. In a budget address Finance Minister Ronnie de Mel said the country's exchange system will be reformed, accompanied
    UPI; Reuter  -  474 words
  • Article
    Lock icon JAKARTA NOT READY FOR NORMAL CHINA TIES
    326 11 Reuter JAKARTA. Wed. An apparent thaw In relations between Indonesia and China has fuelled speculation here that they may soon diplomatic ties, but government sources say the time is not ripe yet for such a move. Anyway, no major developments are expected on
    Reuter  -  326 words
  • Article
    Devan for Brussels
    68 11 THE secretary general of the National Trades Union Congress, Mr C.V. Devan Nalr, left last night for Brussels to attend the meeting of the executive board of the International Confederation of Free Trade Unions (ICFTU). Mr Nalr, who is president of the Asian Regional Organisation of the
    68 words
  • Article
    Chai to present ARA prizes
    125 11 THE Senior Minister of State for Education. Mr. Chai Chong Yli will present prizes to winners at the Fourth (company) Annual Report Award dinner at Mandarin Hotel on Nov. 23. This year's award winners will be announced at the dinner. There will be two main
    125 words
  • Article
    Plans for show on Machine Asia scale
    165 11 THERE are plans to stage another exhibition on the same scale as Machine Asia at the Hyatt. This time the focus will be on communications, says Singapore Exhibition Services. Communicasla, scheduled for 1980, Is expected to attract participants from all over the world.
    165 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      201 11 APPOINTMENT The Straits Croup has an opening in its organisation for a Senior Management position: General Manager > $***** to $***** per annum 0 Responsibility The successful candidate will be responsible for overseeing the implementation of the Company's marketing program His other duties include sales analysis, development of marketing plans
      201 words
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  • Article
    Asean concept opens up new avenues
    819 12  -  ECONOMIC RELATIONS BBTWEEN W. ASIA AND S-EA By RONNIE LIM THE Asean concept has opened the way for further cooperation between certain regions or groups of nations. The next step could hopefully be an lnter-reglo-nal coo Deration with the oil-rich countries of West Asia,
    819 words
  • Article
    National shipping lines can do their bit
    701 12 NATIONAL shipping lines can forg4 closer cooperation between Asean and West Asia by moderating the current high freight rates. Expressing this view, Mr. Koh Seow Tee, general affairs manager of Neptune Orient Lines, said shippers consider that freight rates from Asean to all
    701 words
  • Article
    Oman will be top buyer of capital, consumer goods
    541 12 OMAN WILL be importing about $9 billion worth of consumer and capital goods in the next three years and would like to see Asean countries get a large slice of these. The director of the Office of the Minister of Commerce
    541 words
  • Article
    Iran tells of Asian trade dominated by non-Asians
    235 12 IRAN face* immense difficulties in expanding her economic relations with Asian countries, according to Mr. Abbas Amine, executive director of the institute for International Political and Economic Studies. One of the problems is that more than 75 per cent of Asia's basic
    235 words
  • Article
    WESTSEABRAVE NEW IDEA BY THAILAND
    167 12 A GIANT. vertically-Inte-grated corporation formed by West Asian and Asean governments and businessmen this is the provocative suggestion made by Dr. Damrong Lathapipat. former Minister of Commerce and secretarygeneral of the Democrat Party in Thailand. He said. -Let fcs call it tentatively the West Asia
    167 words
  • Article
    LONDON STOCKS
    736 12 LONDON. Wed, Trading was slack today with industrial disputes and poor company results Inhibiting interest, dealers said. At 3 pm the Financial Times Index was down 4.0 at 483.3. Equity leaders, which had eased ahead of UaUeyar's third quarter results, came under renewed selling pressures after It reported
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  • Article
    Lock icon TOKYO TO DRAG ITS FEET ON IMPORT QUOTAS
    904 12 Agencies TOKYO, Wed. Japan and Asean member states are expected to have wide differences over bilateral economic cooperation during Thursday's talks In Tokyo. The second meeting of the Japan-Asean forum is a follow-up of a meeting held In Jakarta in March on
    Agencies  -  904 words
  • Article
    Lock icon A string of problems
    698 12 Agencies FRANKFURT. Wed. European textile industry representatives will stress the serious position of the European textile and clothing industry at talks with EEC officials in Brussels on Nov 17, a spokesman for the German textile industry association, OeMimttextil. said. The European representatives are menfbers of the
    Agencies  -  698 words
  • Article
    Lock icon US imports more
    208 12 Reuter WASHINGTON. Wed. US Imports of cotton, wool and man-made fibre textiles, including apparel. In September totalled 476.6 million square yards equivalent (SYE) (398 million sq m). up 19 per cent from 399.8 million SYE a year ago. and were at their highest September level since 1972,
    Reuter  -  208 words
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      136 12 The Autumn issue of the ASEAN Business Quarterly includes a 5-page analysis of ASEAN's urea projects and finds these to be less than viable (12 tables) a 15-page analysis of the impending world energy crisis and the likely economic effects on ASEAN countries including new patterns of ASEAN energy demand
      136 words