The Business Times, 19 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 SATURDAY, NOVEMBR 19. 1977 50 CENTS
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  • NEWS IN BRIEF
    • Article
      Sime thinks hard
      59 1 SIME Darby Holdings is still weighing the advantages of transferring its domicile to Malaysia from the UK, according to its chairman Tun Tan Slew Sin. Addressing the annual general meeting in Kuala Lumpur, he also said the board Is constantly reviewing a possible scrip Issue, but so
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    • Article
      Lock icon Inflation slows
      64 1 Reuter LONDON, Fri. Britain's annual rate of inflation, which has been falling steadily since the summer, has dropped sharply according to the latest figures published by the Labour Government. The Employment Department announced that it fell to 14.1 per cent in October from September's figure of 15.6 per
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    • Article
      Lock icon Dollar plunges again
      58 1 AP. TOKYO, Frl. Despite efforts by the Japanese Government to check the inflow of the US dollar last night with two emergency measures, the American currency again plunged to a record post-war low against the yen today. The dollar closed at 243.325 yen, down from yesterday's 244.15
      AP.  -  58 words
    • Article
      Lock icon Import curbs eased
      64 1 Reuter SEOUL, Fri. South Korea today eased import restrictions as part of a continuing effort to curb the growing foreign exchange reserves and ease inflationary pressure, the Commerce and Industry Ministry announced today. The ministry said import bans and restrictions on 60 items were removed and quota
      Reuter  -  64 words
    • Article
      Lock icon Manila seeks uranium
      48 1 Reuter CANBERRA, Frl. Deputy Prime Minister Doug Anthony said the Philippines wants to buy 300 tonnes of uranium from Australia to fuel three nuclear reactors due to be completed In 1981. Mr. Anthony told a political meeting he believed Australia should agree to the request.
      Reuter  -  48 words
    • Article
      Lynch resigns
      54 1 SYDNEY, Fri. Federal Treasurer Phillip Lynch resigned today following allegations that he was involved in profitable land deal speculations. Mr. Lynch's resignation comes only three weeks before Australians vote in a general election on Dec. 10. Mr. John Howard, Australian Minister for Special Negotiations with the EEC, has
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    • Article
      Lock icon Dow Jones
      58 1 UPI NEW YORK, Fri. With little inspirational news in the background, prices were narrowly higher during the first hour of trading on the New York stock exchange today. The Dow Jones industrial average rose 0.44 point to 832.21 shortly before 1600 GMT. Advances topped declines, 470 to 428,
      UPI  -  58 words
  • Chief Price Changes
    • Article
      In Kuala Lumpur
      112 1 Rises Most active Prima 2 22 .08 G. Lumber 172.000 118 000 JC-MPH 1.35 .06 O. Ceramics MAA 1.56 .06 B. Raya 118.000 111.000 Mlnsee 2 05 .06 Pan Elect. MBS. 2.70 .06 Berluntal 7.30 .06 Total Turnover: 2.25M D. Keramat 8.30 .05 Total Value MS4.03M U
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  • Article, Illustration
    In Singapore yesterday
    167 1 Rises Most active Taipinf Com YHS Dun lop Ind CCM Rothman* 300 219 384 408 334 +84 +20 10 +8 +8 C. Securities Nanyang Press O. Lumber Inchcape 302,000 288,000 195,000 175,000 Nuyuf Ptmi 227 +7 Total Turnover: 2.90M M Tobacco 835 +5 lotai Value r S5.37M
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  • Article, Illustration
    Deficit may be slashed by $1b
    638 1  -  SLOWER IMPORT GROWTH BY JOHN TAN SINGAPORE'S chronic trade deficit is now running 14 per cent lower than 1976's and this promises to wipe $1 billion off the burden the Republic has to bear this year. With just two months to go before year-end
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  • Article
    Korean bank to borrow $106m
    270 1 THE government-owned Korea Development Bank intends to raise DM 100 million (S$ 106 million) through ,-t bearer bond issue. Singapore-Japan Merchant Bank Ltd announced yesterday. The seven-year bond issue will be guaranteed by the Seoul government and will carry a coupon of 7V« per cent.
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  • Article
    Aerospace firm to be revamped
    680 1  -  By RONNIE LIM THE government-backed aerospace company. Singapore General Aviation Services, is to be restructured. The restructuring of the company, whose business has been dropping in the face of the downturn in the oil exploring activities, will involve some change in the shareholders. It is
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  • Article, Illustration
    Life insurance is just as attractive
    376 1 IN TERMS of sheer investment value, many financial experts often place life insurance near the bottom of the list. But a top insurance man, Mr. N.N. Handa. last night insisted that life Insurance is an "attractive proposition" for investment. Mr. Handa. president of the
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  • Article
    Refining industry rebounds despite world oil glut
    292 1 DESPITE the current world oil glut, Singapore's oil refining industry is recovering well from the depressed levels of last year. For the first six months of this year, the industry saw an increase of 15 per cent in throughput over the similar 1976
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  • Article
    Way paved for more investments by Swiss
    610 1  -  By TERESA LIM SINGAPORE and Switzerland yesterday signed an agreement to promote the flow of Investments between the two countries. Known as the Singapore/ Switzerland Investment Guarantee Agreement, it was signed by Professor Klaus Jacobl, delegate of the Swiss Federal Council for Trade
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      20 1 SEE BACK PAGE INSIDE Market Reviews/ TV Radio Overseas News Local Co. News International Co. News Local Stocks Overseas Stocks
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    • Advertisement
      Page 1 Advertisements Column 2
      42 1 SIX-MEN SKID MOUNTED BUNK HOUSES NOW AVAILABLE EX-STOCK ALSO EULLY EURNISHED TWO BEDROOM UNIT INCLUDING BATHROOM, ETC. BEAUTIFULLY FINISHED. INTERFAB PRIVATE LTD A m!.:: v H JI I. J H js I." i 24 Juronq Port Rood Juronq Singcipore 22 Tel *****11
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    • Advertisement
      Page 1 Advertisements Column 3
      140 1 Get advanced copying technology m 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
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  • MARKET REVIEWS
    • Article
      Over to the bears as uncertainty prevails
      581 2  -  LONDON ■y IVAN FALLON AFTER TWO weeks of continual fall and one week of rapid recovery, the London stock market has decided It was going to go down again this week. Every day this week has seen a fall, reversing much of the
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    • Article
      Glenlivet — best man wins
      200 2 Glenlivet best man wins THE Independent Scotch whisky firms have been disappearing at a rapid rate. Ten years ago there were over 20 quoted Independents today there are five, one less than a week ago. Seagram of Canada has made £40 milliom bid for Glenlivet Distillers, having first purchased a
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    • Article
      Inchcape no pushover in bid battle for Crane
      308 2 THE EARL of Inchcape has never been a man to shy away from controversy or a contested bid. Last week he stepped right Into one of the most savage and bitterly contested bid battles seen in London for quite some time when
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    • Article
      Profits up at British and C'wealth
      214 2 IN WHAT could well be the last good set of profit figures before the depression In the shipping Industry gets through to the British shipowners, British and Commonwealth this week announced profits are up from £10.4 million to £11.9 million and forecast an Increase
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    • Article
      KUALA LUMPUR
      380 2 FRESH Interest was injected Into the Kuala Lumpur Stock Exchange this week when selected volatile counters were singled out forplay by speculators. The high level of activity in these second-line shares had a stimulating effect on the rest of the market although not every sector benefited to the
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    • Article
      Second liners' turn to gain more ground
      753 2 SINGAPORE SENTIMENT ruled firm for the better part of this week at the Stock Exchange of Singapore. Four out of the !L ve tI S dln sessions saw the bulls reigning supreme and sent the Business Times index to its all-time high of
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    • Article
      Lock icon Peugeot to help double Iranian car output
      257 2 Reuter PARIS, Frl. PSA Peu-geot-Cltroen said It won a contract to help double production of Iran's leading car maker. Under the contract signed yesterday, Iran National Industrial and Manufacturing will make a new medium-sized car, derived from the Peugeot 305 but powered by
      Reuter  -  257 words
    • Article
      Lock icon Ito Yokado sees higher sales, earnings
      321 2 Reuter LONDON, FYI. I to Yokado Co Ltd second half sales and earnings should be about 20 per cent higher than the same period last year when the company reported net Income of 4.80 billion yen on revenues of 75.64 billion, President Masatoshl I
      Reuter  -  321 words
    • Article
      Company news for the week ended Nov 18
      321 2 SCRIP/RIGHTS ISSUE Rahman Hydraulic Tin: Scrip issue of one-for-four capitalising Msl.s million Hotel Negara: Rights issue of one-for two at par value of $1. OTHERS sHKS IF*? manufactures aluminium plates, sheets, foils, flakes and Dowder It branched off to manufacture cardboard last
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    • Article
      Lock icon SYDNEY
      141 2 Reuter THE SYDNEY stock market ended on a gloomy note, after a higher start, with major market Indices falling to the lowest levels for several months and the metals and mining index to the year's low of 1829.82. Dealers said the major cause for the setback yesterday was speculation
      Reuter  -  141 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      322 2 Slow boat T-.W 1 +*j tone Hr t iT* "88W CHINA TRADE QUARTERLY Far East Publications 1913, Hanglung Centre. Paterson Street, Causeway Bay, Hong Kong. enter my full subscription to China Trad* Quarterly. I am enclosing a cheque/money order for US$2OO.OO or equivalent in other currencies. .of China Trade Quarterly
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      365 2 I THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Nov 18 at Singapore airport. Maximum Temperature 27.8° C Associated Humidity 81 Minimum Temperature 22.7° C Associated Humidity 100 Hours of Sunshine 0.60 Rainfall in Millimetres 53.8 Total Rainfall for the Month 303.3 Total Rainy Days for
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  • OVERSEAS
    • Article
      Lock icon Carter to work on the other oil exporters
      696 3 Reuter WASHINGTON, Frl. Armed with support from the Shah of Iran, the United States Is trying to persuade other oil producing countries to freeze prices In 1978, officials said yesterday. President Carter was delighted by the Shah's pledge on Wednesday, on the
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    • Article
      Lock icon Strong 'no' to wage and price controls
      381 3 Reuter DALLAS, Frl. US Treasury Secretary Michael Blumenthal restated the Carter Administration's strong opposition to wage and price controls and called profitability one of the fundamental Issues businessmen must face. Mr. Blumenthal's comments came in response to questions from about 1,400 business leaders
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    • Article
      CALL FOR EAST-WEST EUROPEAN BANK
      127 3 GENEVA, Frl. United Nations economists yesterday proposed a new Joint East-West European bank to facilitate trade exchanges between the West and the communist world. The secretariat of the UN Economic Commission for Europe (EEC),the regional agency grouping experts from 30 East and West European countries
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    • Article
      Lock icon Germans to rely on coal as chief source of energy
      253 3 AP HAMBURG. Fri. Chancellor Helmut Schmidt's ruling Social Democrats adopted a resolution yesterday designating coal as the chief source for future West German energy. By a show of hands, an overwhelming majority of the 400 delegates to the party's annual
      AP  -  253 words
    • Article
      Lock icon U.S. TRADE DEFICIT OF $100b NEXT YEAR?
      91 3 Reuter SAN FRANCISCO, Fri. Wells Fargo Bank said the US trade deiflclt could reach about US$4O billion (SSIOO billion) next year, up from an expected $28 billion this year. Its monthly business review said the anticipated higher deficit will result mainly from the
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    • Article
      Lock icon Concern over rise in bank lending
      449 3 Reuter LONDON, Fri. British government bond analysts said the sharp rise in sterling lending to the private sector shown in the October money supply data announced yesterday Is leading to serious concern about its potential adverse impact on money supply growth. Sterling lending to
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    • Article
      Lock icon A MERE US$52m IS LEFT OF HUGHES' ESTATE
      420 3 NYT SAN FRANCISCO. Frl. Documents filed with the United States Supreme Court assert that the Howard Hughes estate, which some believed to be Worth US$2.5 billion (555.9 billion) or more when the wealthy Industrialist was alive, had dwindled away to a taxable
      NYT  -  420 words
    • Article
      Lock icon EEC unveils monetary union plan
      380 3 Reuter BRUSSELS, Frl. The European Economic Community (EEC) Commission has announced a five-year programme which will move the Community stage by stage towards economic and monetary union. A commission spokesman said the first moves would be made next year if the plan is approved by
      Reuter  -  380 words
    • Article
      PARIS SURPLUS SHRINKS
      132 3 PARIS, Frl. The French seasonally adjusted trade surplus shrank to 127 million francs (8162 million) In October from 421 million In September, but compared with a 3.34 billion deficit In October 1976, the Foreign Trade Ministry said. Imports in October were 27.91 billion francs adjusted, after 27.85
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    • Article
      Lock icon Bleak outlook for jobs in West Europe
      1055 3 Reuter PARIS, Frl. Unemployment In Western Europe will get worse next year, with up to one million more Jobs lost because of much weaker economic growth than governments had expected, international experts said yesterday. Their gloomy view of tne Jobs market was based
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      188 3 Close a deal jm t ,;C .aV jFv <■ EV <v; A >'&£** »VV*' .'V, -i- *w aft? *,\> V' <.;* JF M .Jf -V,-; j£ <sy, v v*r x < /4 tv^ /4tV 7>* >- 1%. v *4 C <#!t ■sgaEirX ■ga^Sfe: "v„ iflßgv* v&IW V >v 'r:' V
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      190 3 CROSSWORDS Friday's solutions Cryptic Solution ACROSS. 4, Lo-pln-f, 7, Scenario. 8, Scream. 10, Erupt. 13, Bear. 14, Tope. 15, Far-M. 16, See. 17, Tees. 19, Pier. 21, Ja-me-s H-unt. 23, Help. 24, O-use. 26, Kit. 27, I-Ron. 28, Plug. 32, Wren. 33, Stone. 34, "Hirees. 35, Trlck-Les. 36, Dr-llla. DOWN.
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  • COMPANY NEWS
    • Article
      Rahman Hydraulic proposes scrip issue
      199 4 RAHMAN Hydraulic Tin Is proposing a one-for-four scrip issue by capitalising Mil.s million from its general reserve. An application will be made to the stock exchanges of Singapore and Malaysia for a listing of the 1.5 million new shares which will raise the paid-up capital
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    • Article
      DIVIDENDS ANNOUNCED
      349 4 Current Ex Date Total for Total for payment Date payable theyaar 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% 8. Tractor* 22.5% Oct 12 Nov 21 32.5 28.1%a
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    • Article
      William Jacks slides back into the red
      511 4 AFTER HAVING made it back Into the black with a modest profit at the interim stage, William Jacks (Malaya) suffered a severe reversal in the second half and the group plunged deeper into the red for the year ended June 30, 1977. The
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    • Article
      Profit margin at Fujitec narrows
      441 4 PROFIT margin at the Fujitec Company of Japan narrowed considerably in the year ended Sept 30,1977. Despite an increase of 17.6 per cent in sales to 15 billion yen, the company turned in a pre-tax profit of 2,851 million yen, up by a mere 0.2
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    • LATEST RESULTS
      • Article
        Toshiba (Malaysia):
        36 4 Audited consolidated net profit M 5854.969 ($703,965) for the year ended June 30, 1977. Depreciation $436,115 ($305,880) and taxation $780,000 ($575,500). First and final dividend 12 per cent tax exempt (same) payable Dec 21.
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    • COMPANY MEETINGS
      • Article
        Kesang Tin (Malaya) Bhd:
        27 4 THE following company meeting Is due: Nov 21 at Tlngkat Kedua, Blok E, Kompleks Pejabat Damansara, Damansara Heights, Kuala Lumpur at 10 a.m.
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    • Article
      Minsec expects no growth
      387 4 MINERAL Securities Malaysia, which Just reported that its pre-tax profit more than doubled to M 51.24 million for the year ended June 30, 1977 expects to maintain the current year's profit at the same level. According to chairman, Mr. Llm Huck Alk, the current favourable commodity
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    • Article
      People in business
      183 4 DUN LOP Malaysian Industries Bhd has announced the resignation of Mr. J.R. Scott as a director of the company. Air New Zealand has appointed Mr. Graham Ward as manager, Cook Islands., with effect from Dec 1. He replaces Mr Neil Niabert who becomes airport services manager, Christchurch.
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    • Article
      Lock icon How much should oil firms tell?
      1166 4 U.S. GOVERNMENT AGENCIES AT ODDS NYT WASHINGTON: In a disagreement that has been kept behind the scenes until now, the government's anti-trust agencies are dissatisfied with the new Department of Energy's proposed financial reporting system for oil com,^panles. The complaint is twou»(pld: That the
      NYT  -  1,166 words
    • Article
      CHICAGO BOARD OPTIONS
      1280 4 November 17 TRADINQ on the Chicago Board Options Exchange came to 112,308 contracts compared with 137,939 contracts on Wednesday. OPTION JAN «APL JLY STOCK Alcoa 40 ss/a Untrd Untrd 42 2/4 Alcoa 45 11/10 22/8 31/8 422/4 Alcoa SO 1/4 7/8 Not 42 2/4 Alcoa •0 Untrd
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    • Article
      Lock icon SEC probe adds to downward pressure on Sambos
      818 4 NYT NEW YORK: The shares of Sambos Restaurants Inc. which had been on a sharp e uptrend in recent weeks, have moved downwards n considerably of late. f Reports of a Securities 1 and Exchange Commission investigation, warning r earnings prospects and
      NYT  -  818 words
    • Article
      Fried Krupp expects losses
      41 4 BOCHUM, Frl. Fried Krupp Huettenwerke AO expects to make a locs in the second half of 1977 but doe* not yet know whether the whole year will show a deficit, a company spokesman said. XT,*" 305 "m„;
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  • Article
    Unilever slide in pre-tax profit
    187 5 EUROPEAN COMPANIES SLUGGISH European markets and a wet summer contributed to a 16 per cent slide In Unilever's group pre-tax profit from £181.6 million to £153.1 million for the third auarter this vear The group said sales volume fell slightly in the sluggish European markets
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  • Article
    Lock icon Profitability up but not sustained
    177 5 Reuter GERMAN corporate profitability rose In 1976 for the first time in six years, although signs are that the improvement has not condlnued into 1977, the Bundesbank said. Companies raised turnover by 11 per cent and net earnings by around 25 per cent last year,
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  • Article
    Lock icon Coca-Cola ban lifted
    113 5 Reuter GENOA magistrates, who banned on Wednesday the sale of bottled Coca-Cola throughout Italy on the grounds that it contravenes Italian laws concernlng packaging, have rescinded their order. The nationwide ban was issued because the soft drink carries a description ot its contents on the cap and
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  • Article
    BMW INVESTS MORE
    73 5 BAYERISCHE Motorenwerke AG plans to Invest between 2.5 billion and three billion marks over the next three to five years, a sharp Increase in the spending rate from this year's 370 million marks, a BMW spokesman said. Last year investment totalled 330 million marks. Managing board chairman
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  • Article
    Inchcape ups offer for Crane
    122 5 INCHCAPE and Co has raised Its offer for the shares In Crane Fruehauf it does not already own. The terms are, for every 125 fully paid ordinary shares in Crane Fruehauf 32 Inchcape shares or 93 pence in cash for each fully paid ordinary 10
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  • Article
    Lock icon EDF raising credit
    103 5 Reuter ELECTRICITE De France Is in the Eurocredlt market for US$4OO million over eight years, with a spread of point over London Interbank Eurodollar offered rates for the first four years. Bankers in Paris said It Is planned for the spread to rise to y* point for
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  • Article
    GIS to make placement
    56 5 FRENCH steel Industry body, Groupment de L'lndustrle Slderurglgue (GIS) Is negotiating to raise US$25 million through a private placement, probably carrying a nine per cent coupon, market sources said. Final terms have not yet been set, but a three-year life with possible extension to five years
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  • Article
    Lock icon Corporate profits drop in third quarter
    166 5 NORTH AMERICAN COMPANIES Reuter US pre-tax corporate profits fell to a seasonally adjusted annual rate of U*****.6 billion in the third quarter from $174 billion in the second, the Commerce Department said. In the third quarter of 1976. corporate profits were running at an
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  • Article
    Lock icon More for less soup
    173 5 Reuter AMERICANS consumed less Campbell's soup but paid more for it In the past quarter, pushing profits of the company up 11 per cent. Campbell said that It sold less soup in the third quarter ended Oct 30, 1977 but that higher prices pushed up sales
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  • Article
    Lock icon Higher income at Royal Dutch/ Shell
    396 5 Reuter ROYAL Dutch/ Shell Group has reported higher Income for the third quarter and the first nine months this year. Group net income for the third quarter ended Sept 30, 1977 jumped 87 per cent to £329 million from £176 million in the previous
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  • Article
    Lock icon Norwegians may sue Phillips
    286 5 AFP THE Norwegian Industrial concerns Norsk Hydro, Statoll and Saga Petrochemicals have Informed Phillips Petroleum that they are considering legal action against the Ameri-can-owned company. All three companies claim to have lost large sums because there have been no deliveries of wet gas from Tees-side, England,
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  • Article
    Statoil wants half
    74 5 STATOIL, the Norwegian national oil company, said it wants to take a 50 per cent stake In the Norwegian section of the North Sea Murchlson oil field. The Norwegian section has been declared commercial. A major part of the field is located in the British section while
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  • Article
    Bank America optimistic
    369 5 BANKAMERICA Corp expects to exceed Its original earnings targets for 1977, president A.W. Clausen said in a letter to shareholders. The momentum developed in BankAmerlca's operations earlier this year Is continuing and the company's business prospects for the rest of 1977 are good, Mr Clausen said. Mr
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  • Article
    White Motor silent
    200 5 A SPOKESMAN for White Motor Corp declined comment on a published report about possible takeover bids for the company. On Nov 10, White Motor announced it had held exploratory talks with several companies on a sale of part of its assets. A White Motor spokesman said the
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  • Article
    GOODYEAR BUY
    69 5 GOODYEAR Tire and Rubber of the US has acquired a Sumatra rubber plantation from Borneo Co, a subsidiary of Inchcape and Co of London. Terms were not disclosed. Goodvear said It will spend US$6 million to nearly triple the productive acreage over five years to 11,094 acres from
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  • Article
    Lock icon Woolworth earnings take a sharp fall
    173 5 Reuter F.W. WOOLWORTH Co., the dime store and discount chain, reported a sharp drop In third quarter earnings, but said It was optimistic about the current three months. Including the Christmas buying season. Woolworth's third quarter profits totalled U5512.41 million, or 40 cents a
    Reuter  -  173 words
  • Article
    Loan for Bell and Howell
    52 5 BELL and Howell said It borrowed US$5O million In 20-year senior notes at 8.75 per cent from a group of Insurance companies. Proceeds will be used to repay a seven-year revolving term loan credit arranged with a group of banks and to p ovlde general
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  • Article
    Lock icon Paying wages of crime
    397 5 NYT CRIME in the service Industries costs American business and ultimately American consumers US$9.2 billion a year largely due to dishonest employees, the Department of Commerce reported on Thursday. Truck drivers and dockworkers, with nickel and dime pilfering, cause a continuing drain. Schools are treasure troves
    NYT  -  397 words
  • Article
    Lock icon Iran to buy equipment for nuclear plant
    211 5 ASIAN COMPANIES Reuter IRAN will buy electrotechnical and mechanical equipment worth 8 billion to 10 billion marks In connection with the Iran nuclear power station deal announced last week, a spokesman for Siemens AO subsidiary Kraftwerk Union AO said. Kraftwerk Union's share In
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  • Article
    WP to make share issue
    85 5 WEEKS Petroleum said Its board authorised the management to proceed with efforts to raise additional capital through a public issue of ordinary shares In the US. The board will make a final decision whether to proceed with the offering In March or April next year
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  • Article
    Lock icon Kawasaki uncertain of results
    231 5 Reuter KAWASAKI Steel Corp said It Is unable to forecast earnings and sales for the second half-year ending March 31 1978 because of the yen's appreciation, a deteriorating export outlook and sluggish domestic demand. Government reflatlonary measures announced In August have not yet produced fresh demand
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  • Article
    CSR RAISES PROFIT
    207 5 CSR of Australia reported that consolidated operating profit rose 6.7 per cent from A 526.4 million to $28.18 million for the first six months ended Sept 30, 1977 despite a marginal decline in sales. At $450.25 million sales were down by about one per cent from $453.19
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  • Article
    Lock icon Boycott had no effect
    112 5 Reuter BANK Hapoallm BM of Israel may well re-enter the international capital market to raise funds next year after its recent US$3O million medium term notes Issue with a 0.25 per cent spread above London interbank offered rates, bank chairman Jacob Levlnson told reporters. He said
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  • Article
    Hitachi criticised over British plans
    148 5 LONDON stockbrokers W. Orenfell said that the Japanese Hitachi firm's application to manufacture television sets In Britain could be explained only by "longterm strategic reasons." Painting a depressing picture of over-capacity In the British Industry, Mr Orenfell said In a special review that most, If
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  • Article
    Lock icon Increase in sales expected
    161 5 AFP Reuter MITSUBISHI Oil Co exEts sales in the second f-year ending March 31, 1978 to total between 400 billion and 410 billion yen, compared with 345.24 billion yen In the same period of 1976/77. However, It said It Is unable to forecast after-tax profit because
    AFP; Reuter  -  161 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      55 5 HIGHLIGHTS OF OUR NOVEMBER ISSUE PROPERTY o The condominiums will he ready soon and the winner is the developer who offers the best package. LIFE AT THE TOP Personality profile of British Airways' I)a>id Lowe: Watching the hirds go by. TRENDS hat is influencing metal prices? Coffee: Bluff and counter-bluff;
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  • Article
    Share Information Service
    2443 6 Gr'i Gr's Net 1*77 Last div Div y'U P/E Vol Dav Hicb Low Company Sale +OT- e'rr C000) Hlfh Low SECTION ONE INDUSTRIALS 154 134 Acma 138 -2 12.ON 1.8 8.6 8.4 6 140 138 204 165 Alcom 165 10.0 0.5 6.0 28.6 116 58 Allied Choc
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  • Article
    Transactions in Singapore
    1421 6 BID aad offer prioea officially listed and bnaiaaaa la aad nairtid te the Stock Exthuii WnagaP°r« yeaterday with the n vim bar of •haree traded aKowa la brackata la lou of I,M uaiu nnUaa othai aloe •pacified. All Tim* Settlement Coatracta are Quoted alter the wort "Salt."
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  • Article
    In Kuala Lumpur
    1565 6 BID and offer price* officially listed and businesa in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of aharea traded shown in brackets in lota of 1,000 unit* unleas otherwise specified. INDUSTRIALS Ajinsmsts (2.08B). A team (1 688 1 758). Alas. Maid (0
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  • Article
    Stock options
    99 6 STRIKING pricea of the stock optiona officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. UOB (Dec $2.60) (0.058 0.095). O U B (March $2.60) (0.158 0.175). Pan Electric (March
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  • Article
    Unit trusts
    138 6 SINGAPORE UNIT TRUST INCOME BOND UNIT IMui|m' prica far Noi a> (Comal ft fees) The Commerce ITS 1.89 INCOME BOND 1 08 1.14 The Saving Fund 1.06 1.12 MARA BUMIPUTRA FUND 8'pore Prof Fund 0 85 0.90 (Maaagm' prion far Not 22) 8 pore Security First Bumlputra 2.23
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  • Article
    GOVERNMENT BONDS
    141 6 Rep Spore D Mark 7% 1982 (100,000) (100*B 101*S) Rep Spore 6 1/2% 1983 (100.000) (100*B 100%S) Rep Bpore 7 3/4% 1987 (100,000) (99*>B 100*8) B O T Floating 1984 (100,000) (98*B 98*.S) 4 3/4% 1/5/79 (250.000) (100.258 100.455) 5 1/4% 15/10/79 (250.000) (101. OOB) 5 3/4% 1/6/78-80
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  • Article
    CORPORATE BONDS
    182 6 B O T 8 1/2% 1981 (100.000) (100''«B 101S) B O T 7 5/8% 1984 (100,000) (97*8 07'4S) LTCB J 1982 (100.000) Credit Lyonaau Floating 1983 (100.000) (07HB 97%5) DBS Convert* 6 1/2% 1991 (100,000) (97H8 97*8) DBS Convert* 8 1/2% 1982 (100,000) (1008 100*8) E I B
    182 words
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  • Article, Illustration
    QUIET AND SELECTIVE
    654 7 SHARES finished generally mixed in quiet and •elective trading on the Stock Exchange of Singapore yesterday. Price movements were narrow and turnover waa moderate. At the opening, sentiment ruled firm on buying orders carried over from the previous day. The bulk of the day's trading was reported
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  • Article
    KLSE REACTS DOWNWARDS
    360 7 A LIGHT technical correction resulted in a marginally easier trend on the Kuala Lumpur Stock Exchange yesterday. The market Initially wavered at around overnight levels but eased gradually as profit-taking emerged after four consecutive days on the uptrend. However, a number of blue chips held on to
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      346 7 HONOKONO: Conditions were dull with share prices closing slightly easier where changed In light trading, dealers said. The Hang Seng index fell 1.47 points to 425.51. Lack of Interest and small selling saw Hongkoog Bask fall 10 cents to $18.40 with Swire Pacific five cents lower at 0.10, they
      346 words
    • Article
      Tokyo
      511 7 TOKYO: Share prices closed higher, led by blue chips and populars, dealers said. The Dow Jones average rose 16.90 to close at 4.853.42 on volume of 190 million shares. The new Index closed at 365.12, up 0.24. Interest revived In exportorientated vehicles and precision Instruments following the government's announcement
      511 words
    • Article
      Sydney
      411 7 SYDNEY: Share prices eased on nervousness ahead of the general election and speculation about the reported resignation of Federal Treasurer Phillip Lynch, dealers said. The Sydney A11-Ordinaries Index fell 2.87 points to 443.02. BHP fell eight cents to $5.48, partly affected by Thursday's low iron ore production figures. Banks
      411 words
    • Article
      Manila
      188 7 MANILA: Oil stocks declined sharply on heavy selling on adverse rumours regarding drilling progress, dealers said. Minings stocks also generally eased, although commercials rose slightly, with oil shares accounting for the bulk of the 11.03 million pesos trading volume, which was up from 4.21 million on Thursday. Amonst oils.
      188 words
    • Article
      Bangkok
      121 7 NOV IS Bants Asia Fibre 260 -30 Bangkok Bank 387 16 Bangkok Invest. 338 -30 Bangkok-Metro-politan Bank Bata Beiil Jucker M6 -2 Charoong Thai Wire 337 -S Dumex Duslt Thanl Faber Merlin First Trust 312 -43 Genera Finance Indo-Thai Industrial Finance Corp 2225 -100 J And J Ho 578
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    • Article
      Amsterdam
      315 7 AMSTERDAM: Share prices were generally firmer in rather active trading, dealers said. Among Dutch internationals. Royal Dutch closed 1.60 guilders higher after announcing Its third quarter net profit. Dealers reported good local private investor and Oerman demand for Royal Dutch and Philipa. Unilever again weakened, closing 2.30 guilders lower.
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    • Article
      Frankfurt
      94 7 FRANKFURT: Share prices rose almost across the board to establish new highs for the year In relatively quiet trading, dealers said. Stores firmed up to 4.50 marks while GHH led engineerings as much as 3.50 higher and banks rose up to 1.50 marks. Kntpp Huettenwerke preference shares fell 0.30
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    • Article
      Milan
      100 7 NOV IT Lire Ante 157 -2.75 Assoc Oen ***** •210 Bastotl 4S7 -23 Cenumie 4085 -51 nil 1943 J rumdtr 82 75 -1.25 Oen Immob 61 50 +0.5 in Pn 2150 lUlceinenU ***** -79 Italfai 570 -15.5 lUlsWer Ill 1.5 Magnetl M Pf 887 2 Marelll Ere 188 75
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    • Article
      Paris
      81 7 PARIS: Most share prices rose, continuing Wednesday's recovery which followed the fall in the French call money rate to 9 per cent, bourse sources said. In strong electrics Is. La Radiotechnique rose 4.50 francs and Moulinex 5.10. Ferodo, which announced higher nine-month net sales, gained four francs. However, in
      81 words
    • Article
      Zurich
      273 7 ZURICH: Prices fell in the absence of new factors In one of the slowest sessions of the year so far, dealers said. Elektrowatt continued easier on its option loan news. Juvena was neglected after a company official told Reuters the annual report for the year ended June will show
      273 words
    • Article
      Jo'burg
      208 7 NOV 17 Rand INDUSTRIALS A Alpha 120 unch Aberrom AE And CI 215 unch A MIC Barlows Cg Sugar 590B CNA 135 -10 Currie Finance De Beers Ind Edcon 190 Edgars 2100 unch Eveready 140 Fed Volk Fugit Gardian G tenant Gratemn 265 unch Hippo Hiveld 150 unch Huletts
      208 words
    • Article
      Toronto
      298 7 TORONTO: The market closed lower in active trading although it recovered some of its mldsession losses. The Composite index, off 4% points at noon, was down 2% points. Declines outpaced advances 225 to 190. Norcen Energy dropped H to 15 on lower nine-month earnings while Four Seasons Hotel* climbed
      298 words
    • Article
      New York
      1216 7 NEW YORK: The stock market, again ignoring constructive news on the economy, backtracked further In continued heavy trading. A government report that third quarter gross national product rose 4.7 per cent Instead of the 3.8 per cent originally reported had virtually no effect on the market. On Wednesday.
      1,216 words
    • Article
      Indices
      63 7 FINANCIAL TIMES INDUSTRIALS Thursday 481.0 Wednesday 484.3 Week Ago 488.7 DOW JONES AVERAGE INDUSTRIALS Thursday 831.88 Wednesday 837.08 Week Ago 832.55 LONDON DOLLAR PREMIUM Thursday 07* to 98 Wednesday 97 to 97 H.K. HANG SENG Thursday 430 80 Wednesday 426 98 Week Ago 429.94 SYDNEY INDUSTRIALS Thursday 391.33 Wednesday
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    • Article
      DELAYED
      12 7 DUE TO certain technical factors, some reports and prices were delayed.
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    • Article
      Singer feels impact of Japanese competition
      531 7 LONDON: The recent decision by Singer, the sewing machines group, to run down the workforce in its Scottish Clydebank factory by about a fifth to 4,450 Is in large measure a response to fierce competitive pressures from the Japanese and other Far East producers.
      531 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      224 7 ROPE and UK/IRELAND lections and mi is* ROYAL DUTCH AIRLINES G2, Mandarin Hotel Arcade 333 Orchard Road Singapore 9. Tel: *****1 Gl6. Kompleks Antarabangsa, Jalan Sultan Ismail Kuala Lumpur. West Malaysia. Tel: *****1 F7, Park Hotel Building P.O. Box 1060 Miri, Sarawak. East Malaysia. Tel: 4345 General Sales Agents: Umbang
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  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      439 8 OPENING prices were marked down 0.75 cent* In "the Singapore rubber market yesterday. In Une with lower London advices Values eased further on some stoploes selling and reserve of buyers Some covering demand later appeared to check the decline and prices hardened fractionally towards the
      439 words
    • Article
      Closing
      26 8 ftm IS Nmn: MCMtar MS. 71 Mk <4ttr* I.SS Mill «aWy»U: Mm 1.7S w>t> Tla: 11,787 (up H) Official WVariag: ITS Imm (down 14 laaaaa)
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    • Article
      RAS PRICES
      288 8 R A S. prices in emu per kilo yesterday: Noon Cloas (per kilo) (per kilo) Buyers 8ellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. bit 1 R.8.S. Dec 1977 204.SO 206.SON 206.00 aoe.ooN 206 23 106.50 306.75 308.00 Int 1 R.8.S. Jan 1978 208.50 308.75 307.00 307.36 Int.
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    • Article
      SSR AND SMR
      95 8 NOON SSR and SMR prices yesterday: HAS UMHiba (Current Mth) (F« Jaauary rwardMth) Buyers Seller* Buyer* Seller* (ceaU parks) (a nuperkc) SSR 20 (1-ton pallet) 200.00 202 00N 201.00 203 OON SSR 50 (1 -ton pallet) 197.50 199.SON 196.50 200 SON M.R.E.L.B. SMRSCV (1-ton pallet) 214.00 216.00N
      95 words
    • Article
      Rice
      193 8 BANOKOK. Frl Indicative prices quoted today: (Ue per tonne fob bails Wtai bv in pet let clw 319. MS art M MS MO pet Srd 299. 5 pet let 19 pet rn lis pet M 7. SO pet 994 B pet Ml M pet unq Mb: A-1 SUf*f 194.
      193 words
    • Article
      Treasury bills tender
      47 8 RESULTS of tender held on Nov 18 for 91-day Treasury bills to be Issued from Nov 22 to 25 Offered: $20,000,000 Applied for: 500.300.000 Allotted: *20.000.000 Accepted Bids: 599 19 approximately 14H higher bids in full Average rate of discount on allotment: 3.175* pa
      47 words
    • Article
      Produce exchange
      461 8 MIXED conditions prevailed at the Singapore S reduce market yesterday. entiment Improved for copra and coconut oil which remained at the firm level It had been In the past three days. A substantial number of overseas Inquiries were received asking for quotations resulting In there being more buyers
      461 words
    • Article
      Hongkong comex
      360 8 HONGKONG, Frl. Sugar futures closed easier but above the day's lows In quiet and featureless trading, In line with today's quiet London sugar opening, dealers said. Trading was confined to March and May, which fell U50.20 and 0.14 cents respectively. Total turnover fell to 56 lots from yesterday's
      360 words
    • Article
      Tin shipment
      48 8 SHIPMENT of Straits refined tin from Penang for the first half of November. This Period Destination Shipped Afloat Shipped Tonnes Tonnes Tonnes Africa -.50 Canada 5.00 Continent 338.00 155 00 India 281.25 Japan 931.00 37.00 Pacific 182.00 5.00 Singapore 8.25 USA 1,240.00 174.00 Total 2.986.00 371.00
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    • Article
      Palm oil
      63 8 C.I.F. Rotterdam. US dollars per ton. LONDON: Tharaday Previous Malaysia 5H ffa bulk Jan 443 qtd 443 sir Sumatra 5% ffa Nov unch 480 pd Dec unch «S2 50pd Jan 447.50pd 440/442 V, pd Feb 442 30pd 440 pd March 442.50 pd 437»pd Nigerian 5% fta bulk unq
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    • Article
      Sugar
      197 8 LONDON, Frl. Terminal sugar finished the first call £0.90 down from Thursday night near Dec at £103.10 to £0.30 higher. Open trading saw little basic change In prices. Dealers said the market had absorbed the news of Dominican Republic's raw sugar sales totalling an estimated 115,000 tonnes. Both the
      197 words
    • Article
      Cocoa
      135 8 LONDON, Frl. Terminal cocoa lost £26 to £5.50 per tonne against New York at the opening call, but subsequently showed little basic change In relatively light trading. Near Dec was down by £26 at £2,481.50 which, dealers said, possibly reflected increased availability of nearby cocoa, particularly Ivory Coast. They
      135 words
    • Article
      Coffee
      237 8 LONDON. Frl. Terminal coffee opened £7 to £36 per tonne lower in dealings of 172 lots. The official tone was "about steady." Dealers said the easier tendency reflected a continuation of Thursday's late speculative liquidation ana dealer selling which found good scaledown buying Interest. They said the overnight close
      237 words
    • Article
      Soybeans
      118 8 CHICAGO, Frl. Soybean futures yesterday closed with losses of US9 cents a bushel In the November and losses of SV» to IVi cents In other months, but were off the session's lows. Selling was tempered by strength in oil futures, which advanced despite the declines In beans and meal,
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    • Article
      Wheat
      110 8 CHICAGO, Frl. Wheat futures finished around the session lows, registering losses of USSV4 to 4% cents a bushel yesterday. The buying interest on talk of wheat purchases by the USSR and China was absent from the early trade, encouraging long profittaking which sent prices lower and touched off additional
      110 words
    • Article
      Market searching for direction
      396 8 THE MARKET spent the best part of the week looking for a fresh lead to a future trend, with turnover at times reduced to a bare minimum. Dally fluctuations were confined within a narrow range, with prices at one time losing some lVi cents per kilo,
      396 words
    • Article
      Straits tin
      152 8 THE Straits tin price In Penang yesterday rose MS6 to $1,787 on an official offering down 14 tonnes to 178 tonnes. In LONDON yesterday, tin standard closed the morning with losses of £30 for cash and £25 for three months while high grade was up £42 and down
      152 words
    • Article
      Copper
      246 8 LONDON, Frl. Copper wlrebars finished the morning with gains of £1.50 for cash and £0.50 for three months. The Initial steadiness against the New York close was offset on the pre-mar-ket by pricing sales following expectations of a further moderate addition to warehouse stocks which already stand at a
      246 words
    • Article
      Silver
      134 8 LONDON, Frl. Silver finished the morning with gains of 0.8 to 0.6 pence per troy ounce. The steady New York close, a recovering trend in gold and the bullion dealers fix all helped to hold three months above the 269.0 pence level during ring trading. On Thursday, silver on
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    • Article
      Gold
      339 8 THE KILOBAR in Singapore opened at 3*12,345 yesterday and was traded to a high of 5512.389. The market closed at S$ 12,333 in quiet trading. In the London market, the metal npened at U*****.45/ 65 and closed at U*****.30/50. The London morning fix was U*****.20, up $1.55 from the
      339 words
    • Article
      Zinc
      101 8 LONDON, Frl. zinc was £6.75 up for cash and £5.50 higher for three-months at the end of the morning ring. Fresh buying and shortcovering pushed three months higher but as the market neared a chart point of t305 per tonne, profittalcing developed and, coupled with hedge selling pared ealns.
      101 words
    • Article
      Lead
      88 8 LONDON, Frl. Lead was £1.25 up for cash and £0.50 higher for three months at the end of the morning ring. Light buying orders soon attracted profit-taking and three months traded between £351 and £352.50 throughout the morning. Ring sales were 1,500 tonnes. On Thursday, lead closed 12 75
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  • MONEY AND EXCHANGES
    • Article
      Singapore
      580 8 THE LOCAL money market yesterday was quiet with little interest shown beyond one month funds. Dealers attributed this to the Monetary Authority of Singapore's swap arrangement which they say has caused borrower banks to hold off until they have a clearer picture of what this will cost them. Overnight
      580 words
    • Article
      Minimum lending rates
      49 8 ACBC <* u 1 1 6'i Aiftmnr Bank 7 7 Bangkok Bank HSBC 7 Bank of Amcrica 7 Indoauez 7 Bank of China Malavan Banking 7 Bank of Tokyo I 7 Bank Negara OCBC ft'< 7 ICB 7 Chaae Manhattan 7 I'MBC 7 DBS I OB 7
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    • Article
      Asian $ rates
      161 8 Asian rates ASIAN currency depoalt interbank rate* u at clow on Nov. 18 US Dollar* (8mm OfT«r BM 7 days .•11/1* 66/16 1 mUi .6 1V16 611/16 2 mlhx .7 1/6 7 3mUu .73/14 71/16 ruths .7 7/16 7 5/16 9 mths .7 1/3 7 3/8 12mUu .78/16 77/16 8w.
      161 words
    • Article
      Discount
      6 8 Source: National Discount Co Ltd.
      6 words
    • Article
      Euro $ rates
      110 8 Euro rates LONDON, Frl. Eurodollar deposit rates showed few changes from yesterday's closing levels, reflecting the market's view that the US Federal Reserve Board's target money supply growth range was not being exceeded. Trading was light ahead of the weekend. Period deposits held steady around overnight levels although the four
      110 words
    • Article
      New York
      131 8 o NEW YORK, Frl. The e dollar closed weaker yesterit day, after an active afternoon trading session e marked by growing concern A about the Opec oil pricing o meeting in Venezuela next e month. i- The currency opened e firmer across the board d after Japan announced
      131 words
    • Article
      London
      218 8 LONDON, Frl. The dollar d was easier against most g currencies in opening trading, with activity generally sluggish ahead of the weekend, dealers said. The yen was an early firm spot at 243.50/80 to the dollar following Its renewed rise in Tokyo and heavy braking intervention by the Japanese
      218 words
    • Article
      Tokyo
      115 8 1 TOKYO, Frl. The dollar for overnight delivery closed > In hectic trading at 243.35 > yen, down from a 245.40 opening and 244.10 at yesterday's close. The Bank of Japan bought between US$25O million and $300 million to check the fall, dealers estimated. Trading was heavy with volume
      115 words
    • Article
      Hongkong
      158 8 HONGKONG, Frl. The yen advanced sharply to 243.30/50 against the US dollar from 245.60/70 In New York overnight and after earlier touching 245.90 here, dealers said. Apparent withdrawal of the Bank of Japan after heavy intervention In Tokyo again sparked continuous selling of the US dollar although activity diminished
      158 words
    • Article
      Australia/ NZ
      56 8 AUSTRALIA/NZ exchanges quoted on Nov 18 AUBTRAUA US dollar 1.1279/1.1231 Sterling 0 8218/0.8148 Ninety-day air mall buying rate* Sterling 0 8343 US dollars ***** Ninety-day forward buying rate* Sterling 0.8147 US dollars 1 1211 NEW ZEALAND: Sterling 0 5481/0 5451 US dollar 0 9902/0.9802 Ninety-day forward rate*: Sterling
      56 words
    • Article
      Zurich
      53 8 ZURICH exchanges closing quotes on Nov 17. US 2 2085-2075 UK 4.0122-0148 Clan 1.9870-8682 W Oerm 98.12-19 Neth 90 88-88 Prance 45 43-46 Belg 6 24-v,-25 Denm 35 99-36 02 Norw 40 28-31 Swed 45 93-97 Italy 0.2511-2513 Austria 13.76-78 Port 5 4187-4388 Spain 2 65*-66* Arg 0 41-51
      53 words
    • Article
      Frankfurt
      38 8 FRANKFURT exchanges opening quotes on Nov 18. U8 2.2440/50 Can 2.0200/20 UK 4.083/93 Neth 82.58/88 SwIU 101 75/85 Italy 2 55/58 Prance 46 17/27 Norw 41.00/10 Belg con 6 385/375 Belg fin 8 35/36 Japan 0 9190/9200
      38 words
    • Article
      Eurobonds
      334 8 Eurobond price* quoted on Nov 18 Straight* Bid Ofh, Nippon Pud Bank 7% 82 97* 97%. DSM (Hoi land > 8 V> 87 97% MM BNDE(Brazll)9*84 97% 98* Sweden 7 82 97S 90S Sweden 8 *87 97* 97% Walter Kidde 8* 85 97% 98* Pemex 9 82 99 99%
      334 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      321 8 Hi from Ik Penguin i U IN PENGUINS Yukio Mishima firmly upheld the traditions of Japan's imperial past which he believed were being slowly eroded by Western materialism. Disillusioned he astonished the world* in 1970 by committing hara-kiri or ritual suicide by d isembowelment. One of his last works, Runaway
      321 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon IATA fears it may be loosing its grip
      917 9 ALARM BELLS ARE SOUNDED Reuter MADRID, Frl. The men who have fixed the world's air fares for nearly 50 years are worried that pressure for cheaper flights will loosen their grip on air travel. The note of alarm was sounded at a
      Reuter  -  917 words
    • Article
      Lock icon Firms flock to West Asia to share telephone pie
      1127 9 NYT. NEW YORK. Frl. Cairo has eight million people but only 208,000 telephones and no telephone book. During working hours, the phone system Is practically worthless. In fact, Cairo businessmen often fly to Athens to filace calls from the hotels here.
      NYT.  -  1,127 words
    • Article, Illustration
      IN PORT
      301 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Beishan (HPVX) (0800 after Trbovlje) 45 Ellen Bakke (1000 after Korean Mall) 47 Fernandoeverett (1300 after Magellan Maru) 38/39 Royal Fortune (H3NP) (2359 after Tema) 8/9 Sally Ocean (0200 after Ibn Alrooml Departure draft not to exceed 9m) 10/11 PASIR PANJANG WHARVES Kim
      301 words
    • Article
      Lock icon More US cars on the road
      77 9 Reuter DETROIT, Frl. US automakers will build an estimated .202,257 cars and 70,840 trucks this week, up from 196.574 cars and 72,202 trucks last week, Automatlve News, a trade paper, said yesterday. The projected production figures represent a 5.7 per cent gain for cars
      Reuter  -  77 words
    • Article
      Lock icon Madrid airport workers strike over pay
      174 9 Reuter MADRID, Frl. Spanish airport ground workers, whose pay strike last weekend stopped flights for three days, said yesterday they would begin a 24-hour strike today unless the government made a lastminute offer to meet their demands. So far the government has rejected the
      Reuter  -  174 words
    • Article
      Global Transportation
      218 9 GLOBAL Transportation, rcfiitered in Hongkong in 1970, ia a company with wideapread intereata, including the carriage of drilling equipment and supplies to aupport offshore oil drilling activitiea. It alao owna a ship which carriea bulk liquid chemical and petroleum products, and another which ia uaed for dry cargo.
      218 words
    • Article
      Lock icon American dock strike drags on
      136 9 AP NEW YORK, Frl. Both sides stepped up their efforts to wind up a dock strike on the US Atlantic and Oulf of Mexico coasts yesterday as containerised cargos were tied up for the 48th day. But chances appeared to be diminishing that proposals could
      AP  -  136 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      693 9 ARRIVALS Bimof Operator Number Local Tim* from CAL CI333 0040 TPE/HKG/KUL CPA CX003 0145 HKO TMA TL302B 0530 TPE MAS MH601 0715 KUL MAS MH682 0610 KCH SIA SQ101 0615 KUL MAS MH607 0900 KUL MAS MH621 0650 PEN MAS MH071 0045 PEN/KUL CAL CI814 1000 HLP
      693 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      250 9 What is Malaysia doing d ensure natural rubbers 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
      250 words
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  • Article, Illustration
    Lock icon NOW women step up drive for equal rights
    1310 10 NYT NEW YORK. Fri. Eleven years ago this month, a handful of women met in "Betty Friedan's ruby and "sapphire Victorian parlour on the West Side and announced they were seeking true equality for all women in America. They were members of
    NYT  -  1,310 words
  • Article
    Malaysia is ideal base for manufacturing industries
    1175 10 THE Malaysia-Japan Economic Association concluded its inaugural meeting on Tuesday after hearing a forthright presentation by Raja Khalid bin Raja Harun, vicepresident of Majeca. Here are some excerpts from his papers. SUCH A body (as Majeca) which brings together the technology and business
    1,175 words
  • Article
    Lock icon MEN AT THE TOP HAVE BRAINS BUT THEIR HEARTS HAVE ATROPHIED
    1201 10 "Detachment protects the manager from being too involved with others' emotions. One manager was flabbergasted by the very idea of experiencing the feelings of his subordinates, of developing a heart that listens. 'If I let myself feel their problems/
    FT  -  1,201 words
  • Article
    Lock icon Wine women form world's first wine sisterhood
    500 10 UPI PARIS, Fri. The Order Of The Ladies Of The Duchess Anne could have been a knitting society or a women's bridge club but it would not have caused so much commotion. The Order Of The Ladies Of The Duchess Anne, a Breton
    UPI  -  500 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      141 10 The Love of ne ookins X m.- m^Mk.4 Si' I- V ..A 4» e§fc^ .->■ •s. 1 <•'*? *3/*W/1 ••id J V&fflM *4%?•,. ~f# ff Konnoth Lo, the well-known CtUneee cookery writer, Intfoduoii thi reeder to th# of vninsss cookioq, ino givit wi *w*yfn mio in#if uniqua way of eating.
      141 words
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  • Article
    Lock icon EEC MAY EXTEND TEXTILE CLAMP TO ALL COUNTRIES
    976 11 AFP. Reuter HONGKONG, Fri. The European Economic Community textiles controversy hotted up here today with reports that the community is contemplating imposition of global textile restrictions If current bilateral negotiations with Hongkong are abandoned. Such a step will torpedo the Multi-Fibre Arrangement
    AFP.; Reuter  -  976 words
  • Article
    Rise to the defence of dollar, Fukuda tells US
    694 11 TOKYO, Frl. Prim* Minister Takeo Fukuda today called on the Unltec States to positively defenc the value of the dollar anc said he plans to exert all ef forts to meet his government's 6.7 per cenl gross national product growth target
    694 words
  • Article
    Don't blame Japan
    134 11 THE Japanese are not to blame for the current economic ilia of the world. It is the system that is to blame, according to the Foreign Minister, Mr. S Rajaratnam. Speaking at the Foreign Correspondents Association of South-east Asia annual dinner last night, he warned against making
    134 words
  • Article, Illustration
    Major hotels 'hit' by full occupancy
    609 11  -  BOOM NOT EXPECTED TO LAST »y JOHN TAN HOTELS IN Singapore, that Just a year ago were mourning the shortage of guests, now report they cannot accept any more reservations. This is because major hotels here are fully booked and some are even reported
    609 words
  • Article
    NZ meat finds good market in S'pore
    429 11 j THE SINGAPORE market for meat is a discerning one according to Mr. Warren Martin, a member of the New Zealand Meat Producers Board, obviously referring to the large amounts of prime cuts and top quality New Zealand beef consumed locally. Here on
    429 words
  • Article
    Lock icon Accord gives Chinese access to satellite
    591 11 AP Reuter PARIS. Frl. West Germany has signed an agreement with China for the use of the Symphonle space satellite to help China develop its own space telecommunications system. Sources said the satellite could also be used to give the Chinese instant access to
    AP; Reuter  -  591 words
  • Article
    Lock icon Tin price fall inevitable
    201 11 Reuter LA PAZ, Frl. A drop In world tin prices Is inevitable, the Bolivian ambassador to the International Tin Council (ITC), General Rogello Miranda, told the ITC meeting here yesterday. The current bull market In tin will suffer major reverses in the future, Gen. Miranda said,
    Reuter  -  201 words
  • Article
    German minister off to Bangkok
    175 11 DR. Hildegard HammBrucher, Senior Minister of State, Ministry of Foreign Affairs of Oermany, left here for Bangkok yesterday afternoon after a two-day visit. During her visit, she had talks with the Minister for Foreign Affairs, Mr. Rajaratnam, and the Senior Minister of State (Foreign Affairs),
    175 words
  • Article
    Growing interest in recycling waste matter
    167 11 WITH growing affluence an inenwt in per capita output at waste matter |WH a serious pollution prohlom, making environnont management a difficult task. Profeesoc Ang Kok Peng dean of tko Faculty of Science at the University of Singapore, said this yesterday at the closing
    167 words
  • Article
    UK trade team offers services
    94 11 A TRADE mission comprising 14 companies from England and Wales will be here from tomorrow till Nov 27. The mission members hope to interest companies here in their products ranging from cosmetics, stationery, industrial fans, machine tools, aircraft electrical equipment to refrigeration equipment. The mission,
    94 words
  • Article
    Seminar on computer knowhow
    105 11 COMPUTER Systems Advisers Group (CSA) and Consolidated Analysis Centres Inc (CACI) are to organise a series of seminars on computer data and distributed data-base technology. Dr Robert Davenport, a well-known lecturer in the field of system analysis in the UK, has been invited to present a
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    Lock icon KL banks' assets up
    78 11 Reuter KUALA LUMPUR, Fri. Total assets and liabilities of commercial banks in Malaysia rose to M 515.41 billion in August after falling to $15.27 billion in July from $15.43 billion in June, Bank Negara said. The August figure compared with $12.70 billion a year earlier and
    Reuter  -  78 words
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      78 11 APPOINTMENTS Uj ACCOUNTANT A leading establishment in the food, entertainment and hospitality industry requires the services of an accountant. It is not necessary th#t be be a qualified person but experience at a senior level together with the ability to work independently are pre-requisites. It is envisaged that a person
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      9 11 WORLD 1 The Largest Selling Women's Magazine in Singapore
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    Lock icon Tough US stance in Tokyo talks
    1358 12 DEMANDS GALORE TO CUT SURPLUS Agencies TOKYO, Frl. US negotiators took a tough line at the opening of trade talk* with Japan here, demanding short-term and long-term measures to reduce the nation's current account surplus, and reflatlonary action to boost real economic growth next
    Agencies  -  1,358 words
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    Lock icon Japanese will boost Asean exports
    149 12 UPI TOKYO, Frl. Japan has agreed to help Asean nations Increase their exports of commodities to the Japanese market. Foreign Ministry officials said the agreement was reached at a two-day meeting between Japan and Asean countries to discuss ways for regional, economic and cultural cooperation.
    UPI  -  149 words
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    Lock icon Yen controls will go when speculation ebbs
    687 12 Reuter TOKYO, Frl. Bank of Japan officials said they are confident emergency exchange controls announced yesterday will be effective In curbing speculation In the yen and said they will be removed as soon as speculative forces disappear from the exchanges. "We are quite
    Reuter  -  687 words
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    LONDON STOCKS
    808 12 LONDON. Fri. Stock prices pared earlier falls after reconsideration of the money supply figures, dealers said. News that retail price growth slowed in October helped market sentiment, they added Trading was slow and at 3 p.m.. Financial Tunes index was down 0 9 at 480.1 Government bonds eased
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    C. Itoh issue: More than enough takers
    195 12 C. ITOH and Company (HK) International's LSI 15 million (SS3C million) note issue in the Asia dollar market has boon oversubscribed. Announcing yesterday DBS-Dalwa Securities International Ltd, one of the co-managers, said the guaranteed note issue, hearing a coupon of 84 per cent,
    195 words
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    Ads that require permits from Health Ministry
    209 12 ADVERTISEMENTS of medicinal products will now be under the control of the Ministry of Health. This move, effective from Nov 15 under Part VI of the Medicines Act, 1975, Is aimed at safeguarding the public against medical advertisements which make exaggerated or misleading
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    Rothmans group may follow MTC move
    254 12 FOLLOWING Malaysian Tobacco Company's proposal to separate Its Singapore Interests from those In Malaysia, stock market observers are predicting that Its arch rival Rothman's of Pall Mall (Malaysia) will soon follow suit. Unlike MTC whose major profit centre is across the Causeway, Rothmans derives
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    Lock icon Sugar output likely to hit new record
    327 12 AP WASHINGTON, Frl. World sugar production In 1977-78 is expected to be a record 90.7 million tonnes, a 4 per cent gain from 87.3 million- tonnes produced last year. By the end of the marketing year next Aug 31, the global sugar reserve
    AP  -  327 words
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    BOSSES TO BLAME FOR THE HIGH LABOUR TURNOVER
    736 12 MANAGEMENT Is to blame for the high labour turnover in Singapore. Expressing this view, a leading management consultant, Miss Lynda King Taylor, describes management here as generally unenlightened. This is causing a great many workers to lose Identification with the company, resulting
    736 words
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    Jamesbury to make valves in S'pore
    503 12 AN AMERICAN Industrial valve manufacturer plans to set up a manufacturing facility here, which together with Its Japanese plant, is expected to cater to the Australasia market. The chairman and president of the company, Jamesbury Corporation, Mr. Howard Freeman, is now In Singapore to
    503 words
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    Rediffusion revenue
    166 12 REDIFFUSION Is expected to top the $1 million dollar mark in Its alrtlme revenue by the end of this year this means a 30 per cent Increase from Just under $1 million In 1976 to an estimated $1.3 million. Its progress is not unexC?cted According to the test
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