The Business Times, 18 November 1977

Microfilm: NL9610
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    9 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, NOVEMBER 18, 1*77 .50CENTS
    9 words
  • NEWS IN BRIEF
    • Article
      Lock icon Sadat's visit fixed
      55 1 Reuter TEL AVIV, Thurs. Prime Minister Menachem Begin said tonight that Egypt's President Anwar Sadat will arrive In Israel on Saturday night, Israeli Radio reported. Mr. Sadat's quest for peace will bring him to Israel despite the objections of his powerful Syrian ally and the resignation of
      Reuter  -  55 words
    • Article
      Lock icon Lower investment
      83 1 UPI TOKYO, Thurs. Capital Investment by major Japanese companies during the 1977 fiscal year ending March 31 will be about 2.4 per cent less than anticipated at the start of the year, the Ministry of International Trade and Industry said. Japan's steel and petrochemical Industries have sharply reduced
      UPI  -  83 words
    • Article
      Lock icon Sixth yen credit
      62 1 AFP MANILA, Thurs. Japan and the Philippines today signed an exchange of notes confirming their governments' understanding on a proposed sixth Japanese commodity loan to this country under the sixth yen credit. The 5,000-million-yen loan (Ss4B million) Is repayable in 25 years, including a grace period of
      AFP  -  62 words
    • Article
      Lock icon No going back
      88 1 AP CANBERRA, Thurs. National Resources Minister Douglas Anthony has warned that Australia expects Japan to honour coal and iron ore contracts even in periods of recession. Japan mlKht be forced to make cuts in overall Imports of these products In 1978 because of high raw material stockpiles
      AP  -  88 words
    • Article
      Lock icon Asean project guidelines
      60 1 Reuter KUALA LUMPUR, Thurs. The Asean Expert Group on Industrial Complementation began a three-day meeting here today to finalise a draft agreement on guidelines for the scheme. The meeting would discuss specialisation, efficiency, ownership, structure, market accessibility, preferential treatment and other related matters connected with the scheme,
      Reuter  -  60 words
    • Article
      Lock icon Main beneficiary
      49 1 Reuter KUWAIT. Thurs. Administrators of Opec's special aid fund have decided to provide U5536.5 million (5587.6 million) in new assistance to developing countries, officials said today. The major share of the new aid will go to India $14 million for developing an offshore oilfield near Bombay. Reuter.
      Reuter  -  49 words
    • Article
      Lock icon ADB grants loan
      57 1 Reuter MANILA, Thurs. The Manila-based Asian Development Bank today approved a US$l7.5 million (Ss42 million) loan and a $150,000 technical assistance grant to Indonesia for the expansion of port facilities at Surabaya in northeastern Java. The project also Includes a feasibility 3tudy for Phase II development of
      Reuter  -  57 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      171 1 STEADY to firm conditions ruled on the Singapore stock market yesterday as selected shares continued to attract fresh speculative support. The resultant gains took the Business Times index up by 15.58 points to a new record high of 477.10. The Straits Times Industrial index advanced 1.10 points
      171 words
    • Article
      In Kuala Lumpur
      114 1 Rises Most active B Raya Castlefield Inchcape Puma G Ceramics Magnum Corp Pan. Elec MBS P. Carbide 1.55 7 30 2 30 2.U 2 32 3.16 1.88 2.65 0.86 .12 +.10 .09 .08 08 .08 07 .07 .06 Bandar Raya 236.000 G. Ceramics 174.000 Pan Electric 167.000
      114 words
  • Article, Illustration
    Bulls take the market by storm
    924 1  -  HOPES RISE FOR YEAR-END RALLY By CHAN BONG SOO JUST when Investors had given up hope of seeing the traditional year-end rally, share prices on the Singapore stock market appear poised for a good bull run. Continuing the bulilsn trend set on Monday, heavy
    924 words
  • Article
    U.S. ECONOMY PERKS UP
    170 1 WASHINGTON, Thurs. The United States economy now appears to be In better shape than It was a month ago, according to government statistics released today. The Commerce Department reported that the real gross national product rose at an annual rate of 4.7 per cent in the
    170 words
  • Article, Illustration
    Push by major banks gives S'pore a fillip
    479 1  -  •y SOH TIANG KENG THE CURRENT push by big banks to Internationalise their operations will give a big boost to Singapore's role as a financial centre. This was stressed yesterday by Mr. Rudlger von Tresckow, chairman of Inter-Alpha Asia, (Singapore) the consortium
    479 words
  • Article
    Lock icon THE RISING YEN
    394 1 Reuter LONDON, Thurs. The yen surged to post-war record highs against the dollar after Japan announced yet another rise In its huge trade surplus which has angered other Industrial nations. In opening trading on the London foreign exchange market, the yen touched 242.95 per dollar at one
    Reuter  -  394 words
  • Article
    Collapse of freight rate talks blamed on conference
    305 1 THE STRAITS/New York Conference Is fully responsible for the breakdown of negotiation* on ita proposed freight rate increase, according to Mr. Sia Yong, the chairman of the Siiwapore National Shipper*' Council (SNSC). Mr. Sia called the attitude adopted by tha Straita/New York
    305 words
  • Article
    New company to run MTC's local operations
    525 1  -  •y MANO SABNANI MALAYSIAN Tobacco Company Is to place Its Singapore operations under a new company which will be listed on the stock exchange. The company, British American Tobacco Company (Singapore), will have a paid-up capital of $9.9 million of 45 million 22cent
    525 words
  • Article
    Hijackers' trial
    98 1 THE Government has decided that the four Vietnamese who hijacked an Air Vietnam plane to Singapore will be tried here. According to a government statement yesterday, the hijackers cannot, however, be tried for the specific offences of hijacking and the attendant murders because Singapore has ratified only the
    98 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      62 1 SAFE WITH AN ITOKI SAFE 6USMKSS MACNMKS SYSTEMS (S) PTE tTO 47 Poa.u>T> Block GotdHiM Nowton Bo«d Singapore 1 1 Tel *****94/6 Cable 9USHESTEMS S.noapo'e INSIDE Overseas News/ Crosswords P2 Overseas News/ TV Radio -P3 Local Co. News —Pi International Co. News -P5 Local Stocks —P® Overseas Stock —P2 Commodities
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    • Advertisement
      Page 1 Advertisements Column 2
      116 1 International trade? ACBC makes it easier. ACBC provides all the services required for successful trading on the international scene. From opening letters of credit, to export financing, to foreign exchange. Making it easier with a simple direct service. Not only to take care of the routine but indispensable day-to-day banking
      116 words
    • Advertisement
      Page 1 Advertisements Column 3
      225 1 M 37 Far EMI snoppinf Cantfa. 545 OcllMtoM, S«MMt 'a. 3^023® Wayfoong MAF A lauding band u/btn you naad a most "Ifonlyl had the money..." John Tan, private businessman ''If only he'd talk to us." Wayfoong MAF Many a sound business venture chase to large capital bans, would never get
      225 words
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  • OVERSEAS
    • Article
      Lock icon Average UK wage hikes exceed 10pc
      1120 2 DELAY IN PAY AGREEMENTS Reuter AFP LONDON, Thurs. Wage Increases In Britain since August, when the formal incomes policy expired, have averaged over 10 per cent, with many workers delaying pay agreements beyond normal settlement dates. This is revealed by UK government figures. While
      Reuter; AFP  -  1,120 words
    • Article
      Lock icon Steel compromise
      647 2 Agencies PITTSBURGH, Thurs. The British Ambassador to the United States confirmed yesterday that the United States and the European Economic Community (EEC) are close to •agreement on a short-term compromise to the trade dispute over steel. Noting that Mr. Etlenne Davlgnon, Common Market Commissioner for Industrial Affairs, was
      Agencies  -  647 words
    • Article
      Lock icon Callaghan scores victory in move to grant home rule
      224 2 NYT LONDON, Thurs. The British government won a pivotal Victory last night In its historic effort to grand partial self-government to Scotland and Wales. Momentous changes in the structure and government of the United Kingdom are lllcely to result from the
      NYT  -  224 words
    • Article
      Lock icon ILO tightens its belt, slashes $87m from budget
      457 2 AFP GENEVA, Thurs. With the dollar's fall compounding the International Labour Organisation's loss In revenue following the United States' withdrawal on Nov. 6, the ILO slashed US$3O.6 million (5587.8 million), from its original 1978-79 budget of $169 million yesterday. However, the 21.7
      AFP  -  457 words
    • Article
      Lock icon FDA probe on- sugar substitute
      104 2 Reuter WASHINGTON* Thurs. The US Pood and Drug Administration (FDA) said yesterday It plans to Investigate the sugar substitute xylltol, used in chewing ri* following reports that caused cancer in some laboratory animals. The substance, given FDA approval in 1972, is used as a sweetener
      Reuter  -  104 words
    • Article
      Lock icon OIL PRICE INCREASE MORE LIKELY TO BE AROUND 5pc
      868 2 AP Reuter HOUSTON, Thurs. The Opec oil price increase expected next month will boost the cost of US petrol P* 1 heating oil by one cent 3 US cents per gallon, (3.79 litres), oil industry officials said yesterday. As Opec prepares
      AP; Reuter  -  868 words
    • Article
      Lock icon Cut in qualifying period for energy tax incentives
      1042 2 Agencies WASHINGTON, Thurs. The House-Senate energy tax conference committee has agreed to limit proposed new investment tax credits until 1982. The conference group did not decide details of new Investment tax credit proposals for industries which convert from oil to coal or
      Agencies  -  1,042 words
    • Article
      Lock icon Top executives have something to smile about
      621 3 NYT NEW YORK, Thurs. Overall Income for top management chief executive officers, principal financial offlclers, treasurers and controllers will rise about 12 to 14 per cent this year, according to Mr. Edwin Mruk, director of Arthur Young and Co., the accounting film. "We'll
      NYT  -  621 words
    • Article
      Lock icon Lisbon denies sale of gold
      407 3 Reuter LISBON, Thurs. Portugal's gold reserves fell to 801 tonnes from 861 tonnes In the first nine months of this year. The Bank of Portugal said this drop included 46.2 tonnes transferred to the US Treasury on Sept 1. This was part of an arrangement
      Reuter  -  407 words
    • Article
      Lock icon Coffee price plunges
      309 3 AFP LONDON, Thurs. The price of Robusta coffee fell by as much as £65 (SS2BI) a ton (about one tonne) on the London market yesterday as fears of a "common front" of producers faded after three days of meeting at the International Coffee Organisation (ICO) here. News
      AFP  -  309 words
    • Article
      Lock icon US personal income up
      352 3 Reuter WASHINGTON, Thurs. US personal income rose by a seasonally adjusted US$2O.2 billion (5548.5 billion) In October to an annual rate of $1.58 trillion, the Commerce Department said. In September personal Income Increased by $12.4 billion. Total wage and salary payments Increased to $1.02 trillion from
      Reuter  -  352 words
    • Article
      Lock icon Canadian index
      60 3 Reuter OTTAWA, Thurs. Statistics Canada said the general wholesale price index rose 0.04 per cent to 562.5 in September from a revised 562.3 In August after a 0.14 per cent rise in August over July. The index (base 1935-1939 equals 100) was at 512.2 a year ago and
      Reuter  -  60 words
    • Article
      Foreign assets in America rise
      764 3 WASHINGTON, Thurs. Official foreign assets In the US rose US$7.B billion (5518.7 billion) In the third quarter after a gain of $6.6 billion In the second. The Commerce Department said the faster rise had followed Intervention In exchange markets by some major Industrial countries. Dollar
      764 words
    • Article
      Lock icon GERMAN RATE UNLIKELY TO CHANGE
      142 3 Reuter F'RANKFURT, Thurs. The Bundesbank's credit policy-making central council meeting today was expected to decide against any change In Germany's 3.5 per cent bank rate despite the debate over a discount cut at Its last session. Two weeks ago, discount cut proponents came near to
      Reuter  -  142 words
    • Article
      Lock icon Fair of the Pacific
      38 3 AP LIMA, Thurs. A wide range of exhibits, from Chinese silk to US-made satellite transmission facilities, were on display at the 10th Fair of the Pacific, billed as South America's largest trade fair. AP
      AP  -  38 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      120 2 A luxurious and comfortable split-level Largest Hilltop Garden House in Thomson area GOLDEN HILL PHASE 51 OJ UU A- I Sm &3 u.: J. I J r 21 k v" HILLTOP w. 2 STOREY SPLIT-LEVEL 1 emi-detached| BUNGALOW J HILLTOP 2 STOREY SPLIT-LEVEL TERRACE HOUSE r VfV. LUXURY FITTINGS -FREEHOLD
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      550 2 THE TWO-IN-ONE CROSSWORD r h2 CRYPTIC PUZZLE ACROSS 4 Running a spike into a log (6) 7 Story of Rlo's cane production (8) 8 Sound fearfully high (8) 1* Be volcanic (5) IS Carry on four Wgs? (4) 14 Drink to a poet, maybe (4) Ing a jaunt (5,4) 23
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      327 3 -*nr li M r I </ •v i r f .r 1 i Fly Pakistan International to historic London and 7 other European cities Pakistan International to 8 European cities from 25 Asian cities* Pakistan Internationa] flies to more places than most people realise. In Europe, Pakistan International flies to
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      307 3 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Nov 17 at Singapore airport. Maximum Temperature 26.4° C Associated Humidity 90 Minimum Temperature 24.2° C Associated Humidity 97 Hours of Sunshine 9 Rainfall in Millimetres 13.3 Total Rainfall for the Month 249.5 Total Rainy Days for the
      307 words
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  • COMPANY NEWS
    • Article
      Slowdown in growth at Malaya Glass
      364 4 EARNINGS growth has slowed down substantially at Malaya Glass Factory. According to Its results for the year ended July 31, 1977, pre-tax profit at M 5898,107 represents an Increase of 26 per cent only compared with the near 12-fold Jump from $60,569 to $711,964
      364 words
    • Article
      Goodwood Park settles suits for $135,911
      158 4 GOODWOOD Park Hotel is to pay $135,911 as its share of an out-of-court settlement of tour civil suite by Kumpulan Akitok against four companies of the Goodwood group. Out of a total settlement of $700,000, Hotel Malaysia (Goodwood group's 52 per cent-owned subsidiary) will
      158 words
    • Article
      DIVIDENDS ANNOUNCED
      310 4 Current Ex Date Total for Total for payment Date payable the year previous year Datuk Keramat 25%I Oct 19 Nov 18 25% 96% Supreme Corp 10% Oct 13 Nov 18 10% KLK 5%I Oct 13 Nov 19 5% 10% S. Tractors 22.5% Oct 12 Nov 21 32.5 28.1%a
      310 words
    • Article
      Pengkalen declares second interim dividend of 3 pence
      269 4 PENOKALEN has declared a second Interim dividend of three pence per share for the year ended Sept 30 this year, payable to shareholders on Jan 3 next year. This brings the total payment for the year to four pence (3.5 pence previously).
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    • Article
      Lock icon Investors believe ICL without Mr. Cross is worth less
      695 4 FT LONDON: It Is hardly surprising that the departure of Mr. Geoffrey Cross from the top Job at International Computers last Friday was greeted by an 11-pence fall In the company's share price. Mr. Cross has been so Intimately connected with
      FT  -  695 words
    • Article
      CHICAGO BOARD OPTIONS
      1199 4 NOVEMBER 16 TRADING on the Chicago Board Options Exchange came to 137,939 contracts compared with 184,390 contracts on Tuesday. OPTION JAM APL JLY STOCK Alcoa 40 37/8 UNTRD UNTRD 431/3 Alcoa 45 13/18 23/8 1 411/3 Alcoa SO 5/18 1 NOL 411/3 Alcoa 80 UNTRD UNTRD NOL
      1,199 words
    • Article, Illustration
      A little hope for M. Wood Wool holders
      485 4 AFTER SOME prodding by the Kuala Lumpur Stock Exchange, Malaysian Wood Wool products has finally come up with the figures for the first half of 1970. The results are com- (> arable with recently reeased figures for the first half of this
      485 words
    • COMPANY MEETINGS
    • Article
      Lock icon Restrictions on trading in securities may continue
      889 4 NYT NEW YORK: Wall Street Is betting that It will receive a reprieve from a Jan 1 deadline for the removal of the last barriers to trading New York Stock Exchange securities away from the floor of the exchange. Brokers expect a decision
      NYT  -  889 words
    • Article
      Lock icon Oilmen inclined to compromise on Carter's energy proposals
      1050 4 NYT HOUSTON: These are dark days In the nation's oil capital. After four years of Increasingly complex and restrictive regulations Imposed by two quite different Republican administrations, the oil industry is about to get a whole new set of rules carved by
      NYT  -  1,050 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      29 4 COME TO THE BLACK TOWER I I r.v'Bt IS^iSSI M < m SS; s ♦*> <1 Enjoy the chilling taste of Germany's finest white wine. Another quality product from Sime Darby
      29 words
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  • Article
    Lock icon Firms to issue more sterling Eurobonds
    650 5 EUROPEAN COMPANIES Reuter STERLING'S re-emergence as a Eurobond currency with the warmly received European Coal and Steel Community £20 million 9S per cent 12-year Issue at par will encourage further Issues in the next few months and allow borrowers to offer still lower coupons,
    Reuter  -  650 words
  • Article
    Lock icon Akzo expects to make net loss
    278 5 Reuter AKZO NV expects to make a net loss this year after forecasting earlier that it would end the year roughly at break-even point, executive board member Henk Kruisinga said. Mr. Kruisinga said this is largely due to factors beyond the company's control, such
    Reuter  -  278 words
  • Article
    Lock icon Fruehauf raises offer
    208 5 Reuter FRUEHAUF Corp has raised its offer for the 63 per cent of Crane Fruehauf it does not already own to 90p per share from 70p. On Oct 27, Inchcape and Co made an agreed bid of 31p per share tor Crane Freuhauf. Crane Freuhauf has an
    Reuter  -  208 words
  • Article
    ARBED WINS ORDER
    64 5 ACIERIES Reunles de Burbach Elch Dudelange SA (Arbed) said it won an order from China for 100,000 tonnes of special steels. A company spokesman said the order was made at the Canton autumn trade fair which ended on Tuesday but gave no further details. Industry sources said
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  • Article
    Lock icon Loan for Korean Air Lines
    103 5 ASIAN COMPANIES Reuter BANK of America said it acted as agent bank and manager of a syndicate that signed a US$45.l million credit agreement to Korean Air Lines Co to help finance the purchase of a Boeing 747-200F jet. The syndicate for the seven-year loan,
    Reuter  -  103 words
  • Article
    Lock icon DCP joint venture
    93 5 Reuter MITSUI Petrochemical Industries Ltd and Akzo Chemle BV will establish a Joint venture In Europe to produce and market dlcumyl peroxide (DCP) Mltsu said. They plan to build a plant somewhere In Europe to produce 1,000 to 2,000 tonnes of DCP a year from the middle
    Reuter  -  93 words
  • Article
    Lock icon Dredging contract
    42 5 Reuter TOA Harbour Works Co said it signed a 4.8 billion yen contract with the Suez Canal Authority of Egypt for dredging* part of the canal. Work for the 12-km canal will be completed by May 1980, It said. Reuter
    Reuter  -  42 words
  • Article
    VW sees higher dividend for this year
    204 5 VOLKSWAGENWERK AO's 1977 profits will be strong enough for the company's supervisory board to recommend an increase on last year's five mark dividend as well as payments into reserves, a VW spokesman said. The spokesman said VW's latest Interim report states group turnover
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  • Article
    Lock icon SMI uncertain of prospects
    302 5 Reuter SUMITOMO Metal Industries said it is very difficult to foresee prospects for the steel business for the current year ending March 31, 1978 because of deteriorating business conditions. j Its president Noboru Inui told a press conference in Osaka that it is uncertain whether the
    Reuter  -  302 words
  • Article
    Lock icon Whitlam proposes tax on excess profits
    168 5 Reuter AUSTRALIA'S opposition Labour Party leader Go ugh Whitlam said that, if elected at the Dec 10 election, a new Labour government would Introduce a secondary profits tax on companies which made "excess profits." He said in an election speech mining and petroleum companies
    Reuter  -  168 words
  • Article
    Lock icon ACI RAISES PROFIT
    210 5 Reuter ON a 10 per cent sales rise, Australian Consolidated Industries earned an unaudited consolidated operating profit of AIM. 18 million for the first halfyear ended Oct 2, 1977. This represents an Increase of 17.2 per cent over i^ p I e vkms alf 3 Profit of
    Reuter  -  210 words
  • Article
    Lock icon Rolinco poised for pick-up in economy
    179 5 Reuter ROLINCO NV, the Dutch Investment trust, reported a net profit of 82.7 million guilders for the year ended Aug 31. 1977 compared with 70.8 million in the previous year. Net asset value per share at the year-end fell to 128 guilders from 145
    Reuter  -  179 words
  • Article
    French may cut controls
    128 5 THE FRENCH Government Is not planning to keep controls on dividend Increases In force for payments next year on account of 1977, official sources at the Finance Ministry said. The sources said this clarification is being made to put an end to uncertainties over the controls.
    128 words
  • Article
    Lock icon Approval for new German listings expected
    268 5 Reuter WEST German Bourse chairmen, meeting in Munich on Nov 25, are expected to approve the Inclusion of 10 new shares in German options trading next year as well as the standardisation of exercise dates, senior broking sources said. With these two moves the
    Reuter  -  268 words
  • Article
    Lock icon MAN proposes lower payout
    144 5 Reuter maschinenfabrik Augsburg-Nuernberg AO (MAN) said It Is proposing a six-mark dividend for the year ended June 30, 1977 compared with seven marks In the previous year, after a net profit of 60.1 million marks up from 55.1 million marks. Reserve allocations were 25.5 million marks
    Reuter  -  144 words
  • Article
    Lock icon Leyland plans units
    77 5 Reuter BRITISH Leyland plans to establish four subsidiary companies to be known as Leyland Cars, Leyland Truck and Bus, Leyland Special Products and Leyland International, chairman Michael Edwardes said. Each company will have lt» own board. The possibility of further changes over the next 12 months is
    Reuter  -  77 words
  • Article
    Lock icon Dow Jones names senior executives
    109 5 NORTH AMERICAN COMPANIES AP DONALD A. Mac Donald was elected a director of Dow Jones and Co. Inc. and Ray Shaw was named executive vice president, it was announced on Wednesday. Mr. Mac Donald Is senior vice president. Mr. Shaw has been vice president and
    AP  -  109 words
  • Article
    Lock icon Bolivian loan
    61 5 Reuter BANK of America has arranged a US$75 million seven-year loan to Yaclmlentos Petrollferos Flscales Bolivianos, which Is responsible for all of Bolivia's petroleum activities. The funds are to be used to finance construction of refineries and exploration. The bank said the agreement was signed with 34 international
    Reuter  -  61 words
  • Article
    New UCC process
    56 5 UNION Carbide Corp has introduced a new process for making low-density polyethylene that needs only one-half the capital and one-quarter of the energy needed by current methods. In addition, officials said the company will instal nearly one billion pounds a year of new polyethylene capacity based on
    56 words
  • Article
    Dividend up
    33 5 AMERICAN Broadcasting Companies. Inc., which in the past two years has become the most popular television network, voted to Increase its quarterly dividend to 35 cents a share from 25 cents.
    33 words
  • Article
    Lock icon Retailers see good growth
    291 5 Reuter THE SECOND and third largest US retailers have reported sharply higher profits for the third quarter this year. K-Mart, of Troy Michigan, the No. 2 retailer' said net profits for the quarter were 12 per cent ahead of the same period a year ago U5562.13
    Reuter  -  291 words
  • Article
    Lock icon IBM minis are doing well
    142 5 Reuter INTERNATIONAL Business Machines Corp's new series of mini-computers "is doing very well and probably will exceed our expectations," chairman Frank Cary told analysts. Mr Cary, said IBM Is slowdown in the growth of IBM's rental and service revenues undoubtedly will have a more cyclical
    Reuter  -  142 words
  • Article
    Kennecott offer gets board support
    98 5 DIRECTORS OF Carborundum Co have unanimously agreed to support the proposal by Kennecott Copper Corp to offer US$66 a share for all of Carborundum's common shares and expects to recommend the offer to shareholders when it Is made. Carborundum said it was advised by Kennecott
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      157 5 Wherever you are tnerefe an OUB Brandt nearby. We have 25 branches spread over Singapore, all conveniently located. So, perhaps we could be forgiven if we were tempted to rest on our laurels. However, that's not the way we operate at Overseas Union Bank. As Singapore progresses, the need for
      157 words
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  • Article
    Share Information Service
    2377 6 Gr'i Gr'i Net 1*77 Last div DW jrTd P/E Vol Day High Low Company Sale +or- C'VT C000) High Low 8ECTION ONE INDUSTRIALS 154 134 Aetna 140 +1 12.0N 1.8 8.5 8.5 2 140 140 204 165 Alcom 165 10.0 0.5 6.0 20.6 116 58 Allied Choc
    2,377 words
  • Article
    Transactions in Singapore
    1358 6 BID (W offer prioea officially listed mad" rkiiiliidnMtad to Um Stock rwliiy of81n«T l»are ywUrdty witb Um ink* at •Wintraded iWwito to at hate to lota efl.OM unite nateaeotbarwtoe •pacified. All Ttee Settlemoat Cea tract* ara «arttd altar Um "Sett." Bi< Baud daaia (to tote af t,4M
    1,358 words
  • Article
    In Kuala Lumpur
    1651 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIAL* AJlnemste (2.08B). Atsom (1.748). Alex. Msld (0 988). A. CUM (1.078
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  • Article
    Stock options
    90 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and busineae done yesterday, with the number of options traded shown in brackets. C and C (March 53.00) (0.15B). Inchcape (March 82.16) (•.MB). OUB (Dec 82.40) (0.068 0.078).
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  • Article
    Unit trusts
    149 6 SINGAPORE UNIT TRUST INCOME BOND UNIT I Muifiri prici tar No* It) (Cumt p rim) The Commerce 1.77 1.87 INCOME BOND 106 1.14 The Saving Fund 1.05 1.11 MARA BUMIPUTRA FUND S pore Prof Fund 0.85 0.90 (Maaafwi' pricea far No* ■8) S'pore Security First Bumlputra 2 22
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  • Article
    GOVERNMENT BONDS
    113 6 4 3/4* 1/8/78 (250,000) (100.278 100.458) 5 1/4* 18/16/78 (250,000) (100.808 101.008) 8 3/4* 1/8/78-80 250.000) (100.908 101.108) 8 3/4* 18/6/80 (250,000) (103.658) 4 3/4* 18/9/80 (250,000) (99.108 99.408) 6 3/4* 1/12/80 (250,000) (103.90B) 8* T F 18/4/81 (250,000) (101.55B) 5* T F 1/8/83 (250,000) (100.008 100.10S) (2)
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  • Article
    CORPORATE BONDS
    109 6 B O T 8 1/2% 1981 (100.000) (100 KB 101S) BO T8 1/2* 1981 (200,000) (1) 100% B O T 7 5/8% 1984 (100,000) (97K8 97KS) B O T Floating I*B4 (100,000) (98KB 98KS) Credit Lyonnaia Floating 1983 (100.000) (97H8 97KS) DBS Convert* 6 1/2% 1991 (100,000) (96K8
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  • Page 6 Advertisements
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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
    THE BULLS RETURN
    609 7 THE BULLS took eoatrol ia very active trading on the Stock Exchange of Singapore yesterday. Conditions continued to rule steady to firm with selective buying in a few oouaftave boosting the Business Times index to a new high 0f477.10 a jump of 15.58 points over the previous
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  • Article
    BUYING IN KL CONTINUES
    424 7 SELECTED shares were again sought higher across the board on the Kuala Lumpur Stock Exchange yesterday In continuation of good buying interest. The resultant gains boosted the volatile Malaysian Business Times. index by 14.49 points to a new record peak of 571.04 points. The selected shares,
    424 words
  • Article
    Hongkong
    348 7 HONQKONO: The market closed easier in moderate trading vltb sentiment depressed by news the BSC has already begun redistributing textile Import quotas originally allocated to Hongkong, dealers said. The Hang Seng Index fell 3.82 points to 420 08 Banks were weak with Hoagkang Baak down 20 cents to 18.50
    348 words
  • Article
    Tokyo
    491 7 TOKYO: Share prices fell sharply on heavy selling over a wide front, pushing the Dow Jones average to the year's low of 4,830.52, off 66,98, dealers said. Poor corporate results depressed sentiment In the absence of fresh encouraging factors, they said. The new Index closed at 364.88, down 3.51
    491 words
  • Article
    Sydney
    433 7 SYDNEY: Share prices closed lower In the absence of positive news, dealers said. The Sydney All-Ordinaries index fell 3.22 points to 445.89. BHP shed two to 5.48 while banks eased with NSW down six to 5.40 although ANZ gained one cent to 3.307 Retailers also moved lower with Myers
    433 words
  • Article
    Manila
    156 7 MANILA: The market closed sluggish and mixed with oils slightly up and mining and commercials down, dealers said. Turnover fell to 4.21 million pesos from Wednesday's 0.03 million. Marinduque and Atlas lost four and two points respectively while other mining Issues declined slightly. Saa Miguel rose two points, PLDT
    156 words
  • Article
    Bangkok
    119 7 NOV IT Am Fibre Bants 290 403 M -13 -16 -1* Bangkok-Metro-politan Bank ***** Bat* S10 iinch Berll Jucker 9M -33 Charoong Thai 343 Wire -23 Dumex Duslt ThanI 3906 Faber Merlin First Trust 355 -15 Oenera Finance Indo-Thal Industrial Finance Corp 2325 -60 J And J Ho 402
    119 words
  • Article
    Amsterdam
    344 7 AMSTERDAM: The market closed mixed with a higher bias In quiet trading following Tuesday's firmer Wall Street trend, dealers said. Philip* firmed on Its higher third quarter net profit. AKZO lost 0.70 guilders due to private Investor offerings after announcing It doubled third quarter net loss. Royal Dutch firmed
    344 words
  • Article
    Brussels
    164 7 BRUSSELS: Share prices closed mixed In quiet trading with narrow price movements, bourse sources said. Arbed, Copeba and Uiion Miniere rose but Soflna and Clabacq fell while other shares were unchanged. In foreign stocks, UK and Dutch were mixed, German, French and Canadian little changed but US rose following
    164 words
  • Article
    Frankfurt
    11 7 THE FRANKFURT market was closed for the Day of Penance.
    11 words
  • Article
    Milan
    170 7 MILAN: The market closed mixed with a higher bias In sllghUy more active trading, due mainly to renewed buying in leading shares which haw recently shown an easier trend, dealers said. Flat, Pirelli SPA. Aaie, Snla Viacaaa Improved while Pirelli E.C. and both Olivetti lost ground. Insurances and banks
    170 words
  • Article
    Paris
    370 7 PARIS: Most shares rose slightly following news that the French government does not plan to continue dividend controls next year, dealers said. However, the full Impact of the news was dampened by the 1/8-polnt rise In call money to 9 1/8 per cent, equalling the fivemonth high set last
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  • Article
    Zurich
    306 7 ZURICH: Block market prices rose slightly on light volume Influenced by the recovery on Wall Btreet, dealers said Banks closed very steady but In flnancials. Elaktrowatt fell following the announced floating of an option loan. Oerlikea-Baekrle bearer regained an Initial locs to close unchanged on balance. Its registered stock
    306 words
  • Article
    Jo'burg
    385 7 JOHANNESBURG: Oolds were generally firmer, reflecting higher bullion Indications and overseas and local Interest, dealers said. Oalns ranged from five to 75 cents. Financial minings followed producers though some selected Issues were off the top. De Been roee to 528 cents (517). Coppers were at previous levels while asbestos
    385 words
  • Article
    Toronto
    313 7 TORONTO: The market closed sharply lower In active trading, with all but three of 14 major sectors recording losses. The Composite index was down 4.5 points, with declines leading advances 254 to 176. Golds fell 34 points on index. Doom Mines dropped 1-5/8 to 63 and Camflo 3/8 to
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  • Article
    New York
    1177 7 NEW YORK: Stock prices pulled back In continued heavy trading despite constructive news on the economy. Analysts, however, weren't surprised by the decline, tracing It to profit-taking In the aftermath of last week's explosive rally which took many Investors by surprise. "The Immediate problem of the market Is
    1,177 words
  • Article
    Indices
    64 7 FINANCIAL TIMES INDUSTRIALS Wednesday 484 3 Tuesday 487.9 Week Ago 482 3 DOW JONES AVERAGE INDUSTRIALS Wednesday 837.06 Tuesday 842.78 Week Ago 818.43 LONDON DOLLAR PREMIUM Wednesday 97 to 97H Tuesday 100* to 101 H.K. HANG SENG Wednesday 430.80 Tuesday 430.77 Week Ago 432.43 SYDNEY INDUSTRIALS Wednesday 391.33 Tuesday
    64 words
  • Article
    Italy bans sale of Coca-Cola
    97 7 GENOA, Thurs. Genoa magistrates said they have banned the sale In Italy of bottled Coca-Cola because the product contravenes packaging laws by not carrying a description of contents on the bottle. The bans does not affect the sale of Coca-Cola In cans. On the bottled
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  • Article
    Bonus from Carnation
    44 7 LOS ANGELES, Thurs. Directors of Carnation Co have declared a year-end extra dividend of US 15 cents a share In addition to the regular quarterly of 25 cents. Both dividends are payable on Dec 15, to stockholders registered on Nov 30.
    44 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      464 7 BUSINESS TIMES Airline Directory Aeroftot Soviet Airline* 110-112 Shaw Centre, Orchard Road, Singapore 9 (Tel: 377.111) Air Ceylon 302-B, 3rd Floor, Marina House Shenton Way, Singapore (1) (Tel: *****88) Ground. Floor, ICB Building, Shenton Way Sinaaoore 1 (Tel: *****11) Air India 16th Floor, UIC (Tel: 2205.277) Building, Shenton Way, Singapore
      464 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      433 8 THE Singapore rubber market opened fractionally higher yesterday, then ruled quiet but a shade steadier on isolated covering interest and some speculative buying. A tendency to harden was evident near the morning close when buyers raised their bids. Prices rose during the morning and December
      433 words
    • Article
      Closing prices
      30 8 Rubber: Nov 17 Singapore: December 207.25 cents (up one cent! Malaysia: December 207.25 cents (up 1.25 cents) Tin: $1,781 (up $16) Official offering: 192 tonnes (down five tonnes)
      30 words
    • Article
      RAS PRICES
      374 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. Int 1 R.S.S. Dec 200 00 207 OON 206 50 207 50N 206 75 207 00 207 25 207.75 Int. 1 R.S.S.
      374 words
    • Article
      SSR AND SMR
      109 8 NOON SSR and SMR prices yesterday: HAS December January (Current Mth) (Forw aril Mtk) Buyer* Seller* Buyer* Seller* (cent* per kg) (centaper kg) SSR 20 (1-ton pallet) 201.00 203 00N 202.00 204.00N SSR 50 (1-ton pallet) 198.50 200 SON 199 50 201.50N M.R.E.L.B. SMR5CV (1-ton pallet) 216.50
      109 words
    • Article
      Coffee
      246 8 LONDON, Thurs. —Futures opened £35 to £10 per tonne up on Wednesday's close. 221 lots were traded at the opening and the official tone was "barely steady." Dealers said the rise was in line with most market expectations following New York's strong technical "C" contract close on Wednesday. They
      246 words
    • Article
      Produce exchange
      479 8 TRADING conditions turned quiet at the Singapore produce market yesterday although prices held steady to firm. Coconut oil saw a gain of $3 per plcul for both bulk and drum consignments. Copra was marked up $1 per plcul. This was In sympathy with the market In the Philippines
      479 words
    • Article
      Hongkong comex
      407 8 HONGKONG, Thurs. Sugar futures recovered from the day's lows towards the close on trade buying, following today's firm London sugar opening. The market opened US 0.05 to 0.12 cents lower on speculative stoploss selling in line with the overnight trend In New York. Trading was active throughout the
      407 words
    • Article
      Palm oil
      63 8 C.I.F. Rotterdam. US dollars per ton. LONDON: Wadaaatfay Prntodi Malaysia 5% ffa bulk Jan 443 sir unq Sumatra 5% ffa Nov 480 pd 472 V. pd Dec 452.50 pd 442*/447*pd Jan unch 440/442W pd Feb unch 440 pd March unch 437W pd Nigeria b% ffa bulk unq unq
      63 words
    • Article
      Sugar
      286 8 LONDON. Thurs. Terminal sugar finished the first call £1 up from Wednesday night near Dec at £103.50 bid to £0.50 lower. Traders said the market was very steady despite Wednesday's Dominican Republic raw sugar sales, mainly for 1978, of 97,000 tonnes, and the reported sale by El Salvador of
      286 words
    • Article
      Straits tin
      214 8 THE Straits tin price In Penang yesterday rose Msl6 to $1,781 on an official offering down five tonnes to 192 tonnes. The market recovered from Wednesday's sharp fall on covering together with some general buying demand. In LONDON, yesterday, tin rose by £95 for cash and £75 for
      214 words
    • Article
      Cocoa
      387 8 LONDON, Thurs. Cocoa finished the first call £11.50 down from Wednesday night to £1.50 higher mainly against New York but fluctuated narrowly In basically thin open trading which featured 600 lots switched between March and May. Dealers said sentiment was possibly Influenced by higher Bah la arrivals for the
      387 words
    • Article
      Rice
      192 8 BANGKOK, Thurs. Indicative prices for rice quoted today: (US dollars per tonne fob bull Bangkok): While Rice: 100 pet lit class 319, 100 pet 2nd 305, 100 pet 3rd 290 5 pet 289. 10 pet 270. 15 pet 297 20 pet 264 25 pet 297. 35 pet unq Brakes:
      192 words
    • Article
      Soybeans
      127 8 CHICAGO, Thurs. Soybean futures yesterday ranged on either side of Tuesday's close before finishing the session with gains of USS-1/2 to 2-1/2 cents a bushel. The talk of Chinese grain and soybean buying and continued light fanner sell- lng brought early speculative buying which took prices higher, but the
      127 words
    • Article
      Wheat
      101 8 CHICAGO, Thurs. Wheat I futures posted gains of US3 1 to four cents a bushel at the I close yesterday. I Expectations of Chinese grain buying and the USDA < report that wheat sales had been switched from an- 1 known destinations to the 1 USSR generated specu- 1
      101 words
    • Article
      Copper
      317 8 LONDON, Thurs. Copper wire bars finished the morning with all round gains of £4.50 per tonne. The market was given a boost Initially by the very steady New York close following the U8 mint buying tender result for about 9,000 tons of cathodes. Three months traded up to 1664
      317 words
    • Article
      Lead
      99 8 LONDON, Thurs. Lead gained £4 per tonne for cash and three months by the end of morning ring dealings. Dealers said this market displayed a firmer trend reflecting the generally improved sentiment in base metals and the recent Soviet physical interest for lead. Hedge and fresh buylnß pushed three
      99 words
    • Article
      Zinc
      125 8 LONDON, Thurs. Zinc was £2.75 up for cash and £3 higher for three months at the end of the morning ring. Trade sources said zinc was firm during the premarket and early ring on fresh buying and covering aided by reports of some followthrough continental physical Interest from Wednesday
      125 words
    • Article
      Gold
      383 8 THE kllobar In Singapore opened at 8112,252 yesterday. The market drifted off slowly to a low of 8812,222 and recovered slightly to close at 8812,247. In the London market, the metal opened at U*****.60/80 and closed at U*****.90/159.10. The London morning fix was U*****.75, down 50 cents from the
      383 words
    • Article
      Silver
      159 8 LONDON, Thurs. Silver on the morning was 2.2 pence higher all round. Values were subdued initially by the performance of US futures although shortcovering soon rallied the market following the gold fix which was steadier than generally anticipated. Three months traded from a pre-market low of 266.0 pence up
      159 words
    • MONEY AND EXCHANGES
      • Article
        Singapore
        441 8 TRADING on the foreign exchange market was basically quiet yesterday morning, but this was Interrupted by a flurry of activity after lunch, when Tokyo entered the market. The yen opened against the US dollar at 245.15/ 35 and remained at that level for the rest of the morning. The
        441 words
      • Article
        Minimum lending rates
        40 8 ACBC 7 7 7 1 Rfnikftk Bask HSRT 7 1 7 Bank of China 7 7 Malayan BankinK I Bank Nafara 7 OCBC OITH UCB 7 1 Chaw ManhitUn DBS 7 7 L'MBC 7 1 HOB 7
        40 words
      • Article
        Asian $ rates
        159 8 Asian rates ASIAN currency deposit interbank rates u at ctoae on Nov 17 U8 Delia Offer irtU3po«) 7 days 1 mth 2 mtha 3 mths 6 mths 9 mtha 12 mtha .6 3/9 ..•3/4 ..7 1/9 .7 3/19 ..7 1/2 ..7 1/2 .7 9/1* 8w. FN. (■min 9 1/2 95/9
        159 words
      • Article
        Discount
        47 8 RANOE of price* offered by discount house* on No* JT Overnight 3K« Call deposit 3* to 3%% t Buyiac Mla| 3-Month Treasury bills 31/4 31/8 3-Month Bank bills 4 7/8 43/4 3-Month CD 59/18 5 7/18 8-Month CD 57/8 5 3/4 Source: National Discount Co. Ltd.
        47 words
      • Article
        Euro $ rates
        113 8 Euro rates LONDON, Thurs. Trading In Eurodollar deposits was Initially light with rates largely unaffected by the easier trend in the Fed funds rate yesterday, dealers said. Near term periods gained between 5/10 and 1/16 on the loss of a Friday dealing technicality. Dat-to-day rates showed little change with the
        113 words
      • Article
        Hongkong
        154 8 HONGKONG, Thurs. The US dollar fell sharply across a broad front as a general exodus from the currency was triggered by the rise In Japan's preliminary October trade surplus to US$l.B5 billion from $1.69 billion In September. Apparent withdrawal by the Bank of Japan from the foreign exchange market
        154 words
      • Article
        New York
        131 8 NEW YORK, Thurs. The Swiss franc yesterday provided the main feature of a quiet trading day here, closing at U545.27/29 cents down from Its 45.37/39 opening. The decline was caused by news that the Swiss National Bank reaffirmed it told banks to stop Including a premature redemption clause
        131 words
      • Article
        London
        213 8 LONDON, Thurs. The yen surged to new post-war highs against the dollar In opening trading, touching 242.85/ 243.05 at one stage compared with its 244.10 Tokyo close today and 245.10/20 here last night, dealers said. The currency then came back slightly from the highs to 243.30/50, but the dollar
        213 words
      • Article
        Tokyo
        168 8 TOKYO, Thurs. The dollar for overnight delivery fell sharply to close at a record low of 244.10 yen, down from the opening 245.35 and yesterday's close of 245.40. The BanlT of Japan bought about US$5O million, mostly at 245.00 yen, in the face of heavy dollar selling in late
        168 words
      • Article
        Australia/ NZ
        56 8 AUSTRALIA/NZ exchanges quoted on Nov 17 AUSTRALIA: US dollar 1 1264/1.1236 Sterling 6221/ 6154 Ninety-day air mall buying rate* Sterling 0 6350 US dollar* 1.1566 Ninety-day forward buying rate* Sterling 0.6153 US dollars 1.1216 NEW ZEALAND Sterling 0 5464/0 5454 US dollar 0 NM/O.NM Ninety-day forward rate*: Sterling
        56 words
      • Article
        Zurich
        53 8 ZURICH exchanges closing quotes on Nov 16 US 2.2046-2066 UK 4.0076-0102 Can 1 9000-9910 W Oera 66.15-21 Neth 90 65-00 Fiance 45 36-41 Belg 6 2420-2496 Demo 35 #2-04 Norm 40 .26-31 Bwed 45 96-90 Italy 0 2511-2513 Austria 13 77-60 Port 5 4076-4356 Spain 2 65-1/2-66 Arg 0.41-51
        53 words
      • Article
        Frankfurt
        36 8 FRANKFURT exchanges opening quotes on Nov 17 US 2.2427/ 97 Can 2.030/060 UK 4 077/967 Neth 92 70/90 SwtU 101.73/03 Italy 2.561/M1 France «6.14/>4 Norw 4106/10 Belg com 6 355/365 Belt Rn 6.36/36 Japan O.OSOS/IS
        36 words
      • Article
        Eurobonds
        373 8 LONDON, Thurs. Eurobonds traded generally steady In slightly more active conditions after the holiday yesterday in some West German centres. US issues continued little changed but renewed buying Interest was reported in the ECSC 9S sterling bond. Guilder bonds were quietly easier and mark bonds were steady to selectively
        373 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      167 8 ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken ploce in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is divided into six separate reports of about 8,000 words each. There is
      167 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article, Illustration
      Lock icon Transit system that is out of the space age
      1441 9 Kobe Steel KOBE New Transit (KNT), a computer controlled new urban transportation system, will make Its appearance in the international port city of Kobe in 1981. The Kobe Municipal Office Is now constructing on man-made "Port Island", covering 4,360,000 square metres,
      Kobe Steel  -  1,441 words
    • Article
      Lock icon Concorde's date with Kennedy Airport
      386 9 UPI NEW YORK, Thurs. Concorde supersonic transports from Paris and London will land at John F. Kennedy Airport next Tuesday, marking the first regularly scheduled SST passenger service Into New York. Winner of a coin toss, Air France will touch down first on runway-R at
      UPI  -  386 words
    • Article, Illustration
      IN PORT
      362 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Ibn Alrooml (0530 hauls after Shlnyo Maru) 10/11 Kelyo Maru (BJVT Car carrier) (0600) 33/34 Kota Ball (1500 after Ibn Alrooml hauls) 15/16 Mozhaysk (0600 after Marl Boeing) 31/32 Neptune Topaz (after Marco Polo) 46 Rosarlo Maru (JJAN) (0830 after Tadeusz Ocloszynskly) 35/36
      362 words
    • Article
      Cargo figures still in flux
      276 9 CARGO movements continued to fluctuate throught the first nine months of this year. Seaborne cargo discharged and loaded by sea at Singapore, for the month of September, registered a decrease as compared with August. Total cargo discharged fell marginally by 0.2 per cent from August
      276 words
    • Article
      Europe shipping team here
      114 9 FIVE shipping executives from Europe arrived In Singapore yesterday on a familiarisation tour of shipping activities in the Far East. The five are from ScanDutch In Europe and their visit Is part of the company's marketing exchange programme. According 'to local Scan Dutch, three teams each
      114 words
    • Article
      Lock icon London freight market
      135 9 UPI LONDON, Thurs. The first South Africa-Japan maize fixing this month demonstrated a 15 cents drop in rate when the 14,000-ton Norse River and a similar vessel both accepted $12,500 2,500 tons discharge free). US Oulf grain rates for large bulk carriers also weakened when the bulk-oil
      UPI  -  135 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      724 9 ARRIVALS DEPARTURES S«rvic* Local Operator Number Time Frem 8errice Operator Number Loci Tim i a For KAL KE807 CAL CI331 MAS MH601 MAS -MH682 SIA SQ101 MAS MH621 MAS MI4W7 MAS MHftl SIA SQ103 OIA QA980 BA BA844 SIA SQ209 OIA OA944 MAS MH605 OIA OA 908
      724 words
    • Article
      Lock icon Pan American cuts fares
      128 9 AFP TAHITI, Thurs. Pan American World Airways (PanAm) today proposed cuts In Its fares to the South Pacific. The company's manager for French Polynesia announced In a communique that the French and US Governments had been asked to approve reduc- tions in flights to the South
      AFP  -  128 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      201 9 Give us a man for a monthwell give him a language for life fa A ii ko ■WigUa now the largest group of language schools in the world offers a range of intensive language courses specifically designed for the busy executives whose work and position require them to attain a
      201 words
Page thumbnail Page 10
  • Article, Illustration
    The week the Eurobond market gave itself pneumonia
    4529 10 THE CITICORP ISSUE HIT THE EUROBOND MARKET LIKE A BOMBSHELL. THE $300 MILLION EUROMARKET DEBT-RAISING OPERATION FOR THE SECOND LARGEST BANK IN THE WORLD, MANAGED BY CREDIT SUISSE WHITE WELD AND CITICORP'S OWN MERCHANT BANK, CIBL, COINCIDED WITH A MAJOR SHAKEOUT IN
    4,529 words
  • Article
    Lock icon 'Eyes'have Japanese up in arms
    591 10 NYT KYOTO, JAPAN, Thurs. Katsuo Nakagawa was strolling along the famous wooded banks of the Klyotakl River here the other day admiring the bright autumn colours when, suddenly, he could not believe what he saw. There, staring back at him from the river were 141
    NYT  -  591 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      164 10 COLLECTING Oriental Antiq^ej ra f X I Owtww r' v a > by Judith Moorhouse and Dries Blitz Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive for
      164 words
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  • Article
    Big market for US poultry in Singapore
    436 11 SINGAPORE is the third largest importer of American poultry In the Pacific region. The director of International marketing at the US Department of Agriculture, Mr. David Strobel, attributed this to several factors. First, the local government encourages free enterprise. High import tariffs were
    436 words
  • Article
    Tour agent goes computer to give better service
    309 11 SINGAPORE C and E Tours has computerised its accounts with the recent implementation of a travel accounts system development programme. Specially developed for the company by the Computer Services Centre of the Telecommunication. Authority of Singapore, it is believed to be the
    309 words
  • Article
    Lock icon Bushfires take a high toll of sheep, cattle
    467 11 UPI AFP SYDNEY, Thurs. Bushfires In drought-stricken northwestern areas of Queensland have killed about 30,000 sheep and thousands of cattle during the past three days. Graziers reported that hundreds of thousands of hectares of grazing land had been burned out by fires
    UPI; AFP  -  467 words
  • Article
    Bar on NY City?
    69 11 NEW YORK, Thurs. New York City may be barred from normal borrowing In capital markets for an extended period, Municipal Assistance Corp executive director Eugene Keilin said. Following a meeting of the MAC board he said that MAC officials believe the City's failure to sell US$2OO
    69 words
  • Article
    Lock icon Steady prices vital to tin production says ITC
    230 11 Reuter LA PAZ, Thurs. Only reasonable and steady prices could boost world tin output which this year would fall about 15,000 tonnes short of required supplies, International Tin Council (ITC) chairman Peter Lai said here. In an interview published by the local
    Reuter  -  230 words
  • Article
    Lock icon Export duties on tea, rubber go up
    207 11 Reuter COLOMBO, Thurs. The Sri Lanka government increased export duty on tea and rubber and will take steps to Increase production, Finance Minister Ronnie de Mel said in his budget. However, no duty will be imposed on exports of coconut oil. The export
    Reuter  -  207 words
  • Article
    Lock icon KL money supply up in August
    66 11 Reuter KUALA LUMPUR, Thurs. Malaysia's narrowlydefined Ml money supply (currency In circulation plus private sector demand deposits) rose to M 55.74 billion at end-August from $5.58 billion at end-July and $4.81 billion at end-August last year, Bank Negara said. The August figure was 2.96
    Reuter  -  66 words
  • Article
    Lock icon ENSURING STABLE FOOD SUPPLY
    1280 11 STOCKPILES A HEDGE AGAINST SHORTAGES Agencies ROME. Thurs. The Importance of food security to the world and to Japan was emphasised yesterday by the Japanese delegate, Naralchl Fujiyama, ambassador to Italy, at the conference of the Food and Agriculture Organisation (FAO) here. Mr. Fujiyama said: The
    Agencies  -  1,280 words
  • Article
    Lock icon Malacca Straits traffic scheme is not foolproof
    369 11 Reuter AFP LABUAN, Thurs. The traffic separation scheme for the Malacca Straits proposed by Indonesia, Malaysia and Singapore might minimise collision hazards but not assure "plain sailing" for oil tankers. The Malaysian news agency Bernama quoting "highly-placed" navigational sources said tankers would still
    Reuter; AFP  -  369 words
  • Article
    Lock icon Complaint against NZ came from Aussies?
    376 11 Reuter UPI WELLINGTON, Thurs. The Australian Government was the "likeliest source" of a complaint to President Carter over New Zealand's plans to exclude Japan from Its 320-km fishing zone, It was reported today. The morning newspaper The Dominion, quoting reliable political sources, said the
    Reuter; UPI  -  376 words
  • Article
    Lock icon NZ MAY CUT TARIFFS ON ASEAN PRODUCTS
    285 11 Reuter WELLINGTON, Thurs. The New Zealand Government is considering cutting Import tariffs on certain products to allow Asean to sell more goods here, Deputy Prime Minister Brian Talboys said today. Mr Talboys said Asean had submitted detailed lists of requests on the question.
    Reuter  -  285 words
  • Article
    Direct mail advertising
    850 11  -  By JOHN LIM DIRECT mall advertising In Singapore and the region Is doing very well and market potential Is encouraging. The only full-time firm providing direct mall services sees a doubling of business next year. The firm Is Oh's Direct Mall Service which has been In the
    850 words
  • Article
    Lock icon Two oil firms to sink $86m in Pakistan hunt
    238 11 AFP UPI ISLAMABAD, Thurs. The Pakistani state-owned Oil and Gas Development Corporation will sign agreements with the American Gulf and Amoco Oil companies soon for oil exploration In Pakistan. Corporation officials said yesterday the arrangements would provide for Investments of US$3O
    AFP; UPI  -  238 words
  • Article
    Cultural festival
    47 11 KUALA LUMPUR, Thurs. The Tourist Development Corporation (TDC), will hold a 10-day Malaysian cultural festival jointly with the national {lag carrier, Malaysian Airline System (MAS), in Hongkong from Jan 6 to 15 next year to commemorate the opening of the TDC office in the colony.
    47 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      178 11 APPOINTMENTS toons and accounting procedure. The applicant will have about five years experience in all normal accountancy work: cash flow, monthly and annual accounts preparation, and costing (both company and product), etc. The person selected will have also a working knowledge of forward currency contracting with banks and a familiarity
      178 words
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  • Article, Illustration
    Marketing disasters and the 7 ghosts
    985 12  -  TIPS ON AVOIDING PITFALLS ■y SALMA KHALIK MANY OF the great industrial disasters that have occured were due to the existence of ghost markets, according to Mr Aubrey Wilson, an authority on industrial marketing, who gave a one-day seminar on "New horizon in industrial
    985 words
  • Article
    Lock icon Japan and Asean begin two-day trade forum
    312 12 UPI TOKYO, Thurs. Japan and Asean started two days of talks in Tokyo today on economic and trade cooperation. The Japarf-Asean forum is to discuss the current economic trend in Japan, trade and cultural relations and Japan's economic cooperation in the regional development
    UPI  -  312 words
  • Article, Illustration
    UNCANNY ABILITY TO MAKE SICK FIRMS TICK AGAIN
    1240 12  -  By TERESA LIM WHEN you have rescued three companies from the brink of bankruptcy and put them back onto the profit-making path, you might begin to suspect your self as having some magic management formula. Mr. Bill Wyllie, variously called company doctor,
    1,240 words
  • Article
    Lock icon Fukuda to meet Rivers to help pave the way
    348 12 UPI TOKYO, Thurs. Prim* Minister Takeo Fukuda •aid today ha plans to meat Mr. Richard Rivera, General Counsel to US Special Trade Representative Robert Strauas, to pave the way for correcting a bilateral trade imbalance now lopaided in favour of Japan.
    UPI  -  348 words
  • Article
    Lock icon Officials explore ways to cut surplus
    151 12 Reuter TOKYO, Thurs. Director General of the Economic Planning Agency Tadashl Kuranarl said he and senior officials of Economic Affairs Ministry met today to discuss concrete plans for cutting Japan's trade surplus. Mr. Kuranarl said storage of emergency oil Imports In Idle tankers and
    Reuter  -  151 words
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  • Article
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