The Business Times, 28 January 1978

Microfilm: NL9611
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, JANUARY 28, I*7B SO CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon More cordial
      51 1 AFP KUALA LUMPUR, Fri. Malaysian and British negotiators today adjourned their three days of talks over the Malaysian ban on the Concorde flights over its airspace. informed sources said the meeting was much more cordial than the last one, which was adjourned before Christmas, with no progress made.
      AFP  -  51 words
    • Article
      Lock icon Hard luck
      75 1 AFP TOKYO, Frl. Canada and Japan wound up their fishery talks today without reaching any agreement on key Issues for Japanese fishing In the Canadian 370-km territorial waters as well as adjacent seas. The Canadians claimed that their country has "traditional fishing rights" In the Flemish Cap ground
      AFP  -  75 words
    • Article
      Lock icon Exchanging views
      70 1 AFP TOKYO, Frl. Prime Minister Takeo Fukuda said today that he wanted to exchange views with US President Carter on the roles Japan and the US should play In the world economy when he visits Washington this year. The Prime Minister said the main subject of his meeting
      AFP  -  70 words
    • Article
      Lock icon Textile pact talks
      46 1 AP KUALA LUMPUR, Frl. Malaysia and Sweden are now holding negotiations here to renew their textile agreement which will expire on March 31. The Swedish Ambassador here, K.A. Falthelm said the meeting would specify new quotas for export of textiles to Sweden. AP.
      AP  -  46 words
    • Article
      Gold and dollar up
      66 1 BOTH gold and the US dollar rose yesterday In the world's money mark eta.. The dollar's rise was attributed to expectations that President Carter may announce new measures to bolster It next week. In London, the US currency rose to U551,949 against the pound compared with
      66 words
    • Article
      Lock icon Sir Murray slates EEC
      67 1 Reuter HONOKONO, Fri. The Governor of Hongkong, Sir Murray Maclehose, today accused the European Economic Community of deliberately breaching the rules of law governing international trade. In a hard-hitting speech to members of the Hongkong General Chamber of Commerce, Sir Murray said the EEC bad aet
      Reuter  -  67 words
    • Article
      Lock icon That $2.3 billion aid
      80 1 UPI TOKYO, Fri. Japanese financial and economic leaders will visit South-east Asia soon In an effort to establish a Joint consultative forum to discuss the US$l billion (5J2.33 billion) economic aid that Prime Minister Fukuda promised to members of Asean. The Yomlurl Shim bun newspaper said
      UPI  -  80 words
    • Article
      Lock icon Dow Jones
      53 1 UPI NEW YORK, Frl. With little Inspiration, stock prices moved lower during the first hour of trading today. Turnover was fairly active. Consequently, the Dow Jones industrial average was off 1.04 points to 762.30 shortly before 11 a.m. (lfiOOgmt). Declines led advances, 506 to 282, among the 1,235
      UPI  -  53 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      123 1 Rises Most active Ontiafi 221 TMMrloh 253 NST 525 CSucan 288 Supreme Corpn 255 MCamest 266 B Raya 155 Metal Bos Spore 228 Parlia Plant 183 C Securities 140 Foils Bertaatai 735 M Tafcaeci 590 8k*a«ri-U 344 SoUucor Dredg 460 StSteamehip 225 TaaChonc 250 KkaacGuu 164 DuffDev
      123 words
    • Article, Illustration
      In Kuala Lumpur
      158 1 Rises Most octive OenUng 2.26 N. Iron 3.20 If. Tobacco 6.10 Fe-L'ston 2.73 MtoPlt 1.86 O. Ceramics 2.12 C and C Bin tang 2.28 C. Sugars 2.73 NST 3.40 Foils Malayan 10.60 D. Keramat 7.90 S.Mai. Tin (M) 9.00 Matsushita 2.94 A. Amal 4.78 S«. Best SOS
      158 words
  • Article
    Electronics take stock of rivalry
    825 1  -  SCRAMBLE TO UPGRADE QUALITY •r RONNIE LIM FEARB of Singapore's electronics industry lagging behind Hongkong, Taiwan and Korea In future have prompted the current rush to upgrade the industry. The essentially exportoriented Industry, whose direct exports accounted for 86 per cent of its total sales
    825 words
  • Article
    Lock icon Bangkok meet studies Asean bank set-up
    200 1 Reuter THE ASEAN Banking Conference In Bangkok yesterday discussed the possibilities of setting up an Asean Investment Bank. The meeting also reviewed current investment activities and opportunities in Asean and examined present and future needs, a press statement said. It said certain obstacles to
    Reuter  -  200 words
  • Article, Illustration
    Airlines baulk at DCA's suggestion
    749 1  -  •y SIVA ARASU THE DEPARTMENT of Civil Aviation (DCA), In Its efforts to relieve congestion at the airport, is proposing that airlines should collect the passenger service charge at the time of lssueIng the tickets. The airlines, apparently, are not happy over It and Instead
    749 words
  • Article
    Lock icon Backlog plunges
    59 1 AP JAPAN'S backlog of export ship orders fell sharply last year, totalling 403 vessels or 0,062,000 gross tonnes at the end of 1077. The Japan Bhlp Exporters' Association said yesterday that at order backlog for 42 major Japanese shipbuilders totalled 80S vessels or 17,560,000 gross tonnes. They attributed
    AP  -  59 words
  • Article
    Lock icon More talks in future on coffee buffer stock
    253 1 AP TALKS on setting up an international coffee buffer-stock ended on Thursday in London with producers and consumers resolved to continue exploring its establishment. "The discussions centred around an internationally controlled stock to supplement existing arrangements," said Mr. George Ford of Britain,
    AP  -  253 words
  • Article
    Bid for a larger stake in SGAS
    431 1 A NEWLY-lncorporated Australian company is negotiating with the Singapore Government to buy a substantial shareholding in Singapore General Aviation Services, the governmentrbacked aerospace company at Seletar. The company, Aviation Developments formed this month with a paid-up capital of A 5200,000, Is 50 per
    431 words
  • Article
    Lock icon Sugar proposals
    68 1 Reuter MALAYSIA will put forward revised proposals for renegotiating Its longterm sugar contract with Australia at a fresh round of talks expected to begin shortly. The national news agency, Bernama, said yesterday the Australian sugar company, CSR Ltd, Is expected to contact the Malaysian Trade and Industry Ministry
    Reuter  -  68 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      25 1 LANIER COURIER the perfect secretary... U5" high 2*/ a" wide lOoz. wt. works 24 hours a day and never grumbles tBMtWt'OON MT, ******38/*****3 r i
      25 words
    • Advertisement
      Page 1 Advertisements Column 2
      80 1 M Trust Sony for your video Wittl cus,omar y vision A and foresight Sony pioneered video equipment. Today, Sony is one ot the world's foremost manufacturers of integrated video equipment. Research and experiments are continuously carried out to bring you the most advanced and sophisticated video components DXC-1200P (Colour video
      80 words
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      Page 1 Advertisements Column 3
      3 1 SEE PAGE I
      3 words
    • Advertisement
      Page 1 Advertisements Column 4
      145 1 Cool healthy pollution-free driving wftft ▲mAßuenu COOLMASTKJ? CAHURCONOmONER dSEcn* business QUdRTERI The Aatumn 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
      145 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Philips to increase colour TV output
      594 2  -  BLACK AND WHITES SCALED DOWN *r RONNIE LIM PHILIPS Is to step up production of colour television sets here over the next few years to meet rising demand. In line with the trend, Philips will scale down Its production of black and white TV
      594 words
    • Article
      Aviex '78 expo opens in Feb
      154 2 THE US International Marketing Centre will hold an exhibition on the latest American technology for the air transport industry, Avlex '78, from Feb 20 to 24. About 30 US firms will display their equipment which have been selected to meet the requirements of the
      154 words
    • Article
      Boustead appointed conveyor agents
      125 2 TWO EUROPEAN manufacturers of conveyor systems and components have appointed Boustead Engineering as their agents in Singapore, Malaysia, Brunei and Indonesia. Representation contracts were signed recently by Boustead, one of South-east Asia's leading specialists In materials handling systems, ahd Interroll of Germany and Masyc of Switzerland.
      125 words
    • Article
      Lock icon MALAYSIA SEEKS RICE
      86 2 Reuter A MALAYSIAN delegation will arrive in Bangkok this weekend for negotiations with Thai officials on rice purchase during the current year. Thai Commerce Ministry sources said Malaysia has expressed interest in Importing 250,000 tonnes from Thailand this year at a re- cent Asean rice meet. The
      Reuter  -  86 words
    • Article
      Lock icon Japan eyeing HK for car part production
      555 2 AFP IF JAPAN car-parts Industries arc to start production In Hongkong, they will not only aim at the substantial local market but also use the colony as a base for worldwide sales. This was disclosed by Mr. K. Fujloka, head of a 19dlrector
      AFP  -  555 words
    • Article
      MEMO PAD
      243 2 COURSES AND TALKS DATES TITLE Jan 9-30 Industrial Application of Operational Amplifiers 9- S.D. Module in Feb 2 Elements of Industrial Engineering 9-30 Energy Management Module 1 10-31 Industrial Health and Safety 28-29 Orientation seminar on Revised Secondary Education System (RSES) 14-28 Business Law Feb 4fcll Telephone Techniques
      243 words
    • Article
      GOLF
      512 2 CONDITIONS were Ideal for record-breaking scores Jurong Country Club golf course yesterday but the all-time best remained intact after the first day's plan in the Ovaltlne ProAm Tournament. Llm Klan Tlonc and Chang Chung Pa both returned 71 to equal the course record, 3 strokes •head of Tso Kim
      512 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      195 2 Drikea Alercedes-Benz OF *****1 and you're driving a bargain. Mercedes-Benz have designed their OF 1417/61 to give you more mileage for your money. We've built bigger and better features into the OF 1417/61. After all, who else has had more than 80 years of experience in building vehicles for the
      195 words
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  • OVERSEAS
    • Article
      Lock icon UK to decide on standby
      452 3 Reuter BRITAIN will consider whether to uphold or dispense with Its December 1976 International Monetary Fund standby of 3.3 billion SDR, worth about US$4 billion (899 billion). Chancellor of the Exchequer Denis Healey tokl Parliament the $1 billion early repayment, announced on Thursday, will not
      Reuter  -  452 words
    • Article
      Lock icon Slower Canadian growth predicted
      155 3 Reuter CANADA'S Finance Minister Jean Chretien said his country's economy will grow somewhat less quickly in the medium-term with per capita income Increasing at a slower rate. He sees no significant slowdown In the rate of productivity or unemployment in the long run, though. He said
      Reuter  -  155 words
    • Article
      Lock icon Germany could have done more
      240 3 AFP THE US Department of Commerce on Thursday reproached West Germany for falling to stimulate Its economy more to help Its Western neighbours. The department said in a study that Western Europe's economic prospects for this year are still very poor. The report said: "The
      AFP  -  240 words
    • Article
      Rubber supply threatened
      68 3 THE current West German dockers' strike could lead to serious supply problems- In rubber If It lasts more than two weeks. A spokesman for the Association of Rubber Trade companies in Ham- burg said neither the trade nor tne industry has big rubber stocks as It counts
      68 words
    • WORLD IN BRIEF
      • Article
        Lock icon PRICE-FIXING CHARGES
        448 3 Agencies FOURTEEN American companies have been charged with price-fixing in the corrugated cardboard business. The companies have an annual turnover of US$2.2 billion (555.08 billion) and Include International Paper, the Container Corporation of America and Weyer Hauser. THE director of AngloAmerican Corp of South Africa mid he expects
        Agencies  -  448 words
    • Article
      Lock icon LOWER SURPLUS FOR OIL PRODUCER COUNTRIES
      357 3 AFP THE OIL exporting nations' overall balance of payments surplus fell ta 196 million special drawing rights (SDR) in the third quarter of 1977 frtrtn 2.8 billion in the second. The IMF said in its survoy, the induction inflected deficits by Algeria and Venezuela
      AFP  -  357 words
    • Article
      Lock icon Mauritania needs $1.5b for mining
      551 3 Agencies REPRESENTATIVES Of Western and Arab financial organisations are meeting In Paris to decide whether to back a US$5OO million (551.15 billion) Investment programme aimed at opening new iron ore mines in northern Mauritania. If the investment Is agreed, Mauritania can boost Its annual iron
      Agencies  -  551 words
    • Article
      Lock icon Trigger price a thoughtful solution
      218 3 AP THE US Treasury defended It* Trigger Price System on Thursday as a thoughtful solution to the problem of enforcing laws against below-cost imports of steel. Treasury's general counsel Robert Mundhelm rejected suggestions by members of a critical House Ways and Means Subcommittee that the
      AP  -  218 words
    • Article
      Lock icon Money supply holds steady
      385 3 Reuter THE LATEBT money supply report was seen as further indication no change in US Federal Reserve Bank monetary policy Is likely over the near term. Analysts said the Fed reported narrowly defined money supply M-l rose by US$BOO million (811.8 billion) in the week ended
      Reuter  -  385 words
    • Article
      Lock icon Blumenthal says reaction to budget unfair
      1140 3 MARKET STILL SLIPPING NYT US TREASURY Secretary Michael Blumenthal, seekao rebut one of the main ts of business criticism of President Carter's newly defined economic programme Insisted on Thursday that the US$OO billion (***** billion) budget deficit for fiscal 1979 does not seriously threaten
      NYT  -  1,140 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      745 3 Now $60,000 travel insurance at no cost to you Now the American Express Card, issued in Singapore dollars, gives you 5560,000 travel insurance every time you or your family travel on tickets which are obtained by using the American Express Card. Only the American Express Card gives you this valuable
      745 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      579 3 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS A female Pole, white (9) 'Arty's absentee (5) Stamp firmly on the stubborn fellow (7) It's slow getting slain (5) Soldier boy (5) Atom's block (5) Paints flags, etc. (7) Beastly little room (3) I fled the country (4) Took steps (6) Does a
      579 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      503 4 OPENING prices In the Singapore rubber market yesterday were marked up following higher London advises and thereafter, advanced fractionally on light upcountry buying and short-covering. Towards the morning close, however, prices fell back on stale bull liquidation. Turnover was moderate. Morning prices closed slightly easier
      503 words
    • Article
      RAS PRICES
      301 4 R.A.8. prices In cents per kilo yesterday Noon (per kilo) Close (per kilo) Int. 1 R.S.S. prompt f.o.b. Int. 1 R 8 8 ret> Int. I R 8.8 Mar Int. 2RJS 8. UK/Cont Int. 3 R 8 8 UK/Cont. Int. 4 R.8.8. UK/Cont Int.SR.8.8. UK/Cont. Buyers 197.00 sellers
      301 words
    • Article
      SSR AND SMR
      83 4 NOON SSR and 8MR price* yesterday KA8 February Canal Mtk) March (PerwaHMtk) 1 IZteparktf SSR 20 (1-ton pallet) SSR 50 (l-ton pallet) 191.00 189.00 193.00N 191 .OON 192.00 190.00 194.OON 192.OON MJLB.L.B. SMR SCV (1 -ton pallet) SMR5L (J-ton pallet) SMR 5 (1-ton pallet) SMR 10 (l-ton
      83 words
    • Article
      Closing pricM
      28 4 Rubber: Ju 27 Singapore: February IM.SO (up 1.7S casta) Malaysia: February 200.75 (up I .SO ceata) Tin: 11,(20 (<*owa |24) Official offering: 240 t—ca (down 10)
      28 words
    • Article
      Produce exchange
      469 4 TRADING was quiet but steady at the Singapore produce market yesterday. Copra dealers said the demand for the commodity had slackened considerably after the recent upsurge. There were still some exporter inquiries but very little fates were made. One trader said there are enough stocks of copra at
      469 words
    • Article
      Hongkong comex
      197 4 SUGAR futures yesterday closed slightly firmer In quiet trading in HONOKONQ. The market opened US 0.01 to 0.10 cents higher on trade houses buying, while commission houses selling towards the close restricted the gains to between 0.03 and 0.05 cents. Straddle transactions between March and September were traded
      197 words
    • Article
      Palm oil
      78 4 C.I.F. US dollars per too. LONDON Malaysia 5% ffa bulk April Sumatra ft* Jan Feb March April May June/July Nigeria 5% ffa bulk ROTTERDAM Sumatra March Zaire (Be If franca per kilo) Any origin Feb/July Thursday uneh unch 520/511 50 pd 487 50 ;K3 «5 pd 475/477.50 pd
      78 words
    • Article
      SPOT PRICES
      204 4 YARN and cotton In Hongkong dollars, spot ex-godown: («<tM Yam: China Blue Phoenix 20 l 1.790, 32 s 2.000. M l 2.090. (per bale of 400 lbs). Piece Gw4>: China Butterfly and Olotoe brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Oeese unq.
      204 words
    • Article
      Coffee
      257 4 ROBUSTA futures In LONDON opened slightly steadier £9 up to CIO down from Thursday's close in sales of 180 lots. Spot Jan traded at £2,000 a loss of £30 on Thursday before_£ndlng the opening session £9 up. Mch reversed an earlier £16 loss to end about unchanged. Dealers said
      257 words
    • Article
      Cocoa
      166 4 TERMINAL held steady late yesterday morning in LONDON, closing £3 per tonne up to £5.50 down. Turnover totalled 2,583 lots including 12 put options and 1,349 lots self traded. Much of the support was attributed by dealers to chart buying and general weekend short-covering. The market had opened up
      166 words
    • Article
      Rubber prices end three cents lower
      305 4 PRICES in the Singapore and Malaysian rubber markets have fluctuated within a 4-1/2 cent range In see-saw conditions to eventually finish some three cents lower. Initially, levels dropped back through the $2.00 mark as the recent pressure on nearbys receded and steadiness of sterling
      305 words
    • Article
      Straits tin
      210 4 THE BTRAITB tin price In Penang yesterday dropped MS34 to SI.CSO on an official offering down 10 tonne* to 240 tonnes. In LONDON yesterday, tin closed with gains of £17 for cash and £10 for three months In both contracts Early values were subdued by the downturn at
      210 words
    • Article
      Sugar
      260 4 TERMINAL in LONDON yesterday opened quiet CO. 10 higher to 1'0.15 lower than Thursday afternoon closing levels. Turnover totalled 398 lots. Dealers said Thursday's sale of raw and white sugar to Tunisia influenced reductions to London daily prices In the morning. Tbe raws price was down C 3 at
      260 words
    • Article
      Rice
      206 4 BANOKOK rice prices were quoted as follows y ester(UB dollars per tonne fob bull Bangkok) WWultkw: 100 pet Ist Class 370.100 r:t 2nd clan 355. I M pet 3rd class 350. pel 341. 10 pet 323, 15 pet 330.10 pet 317. 25 pet 315, 35 pet una Ink.: A-l
      206 words
    • Article
      Wheat
      90 4 WHEAT futures extended smalt early losses late In the session as commission house stoploes selling took prices US 3-3/4 to 7-1/4 cents a bushel lower In CHICAGO on Thursday. Selling followed the higher than expected UBDA wheat stock estimate and early business In soybean futures. Commercial buying provided some
      90 words
    • Article
      Soybean
      83 4 SOYBEAN meal futures In CHICAGO finished the session USII.IO to SO.lO a ton higher on Thursday, supported by the winter storm over the mid-west and east. Oil futures, meanwhile, ended 0,40 to 0.08 cent a lb lower. Local and commission house buying lent support to meal, after early weakness
      83 words
    • Article
      Copper
      328 4 COPPER wlrebars yesterday finished the morning with gains of mostly £3 50 per tonne In LONDON. Values edged higher on the pre-market on covering prompted by expectations of a modest fall In warehouse stocks this week, dealers said. Three months traded up to C 641, but softened In the
      328 words
    • Article
      Silver
      113 4 SILVER yesterday finished 0.2 pence higher to 0.2 pence lower In LONDON. Dealers said the market was generally maintained aided by steadiness In gold and the base metals. Profittaking. however, brought values slightly away from the morning's highest levels. Turnover was 52 lots. On Thursday, silver on the LME
      113 words
    • Article
      Gold
      320 4 THE kllobar in Singapore yesterday opened at 8113,277 and closed at 5513,285. In the London market, the metal opened at U*****.00/30 and closed at U*****.10/40 in quiet trading. The London morning fix was U*****.15, up 35 cents from the previous fix. Source: Siacnuta Retail prices per tael quoted by
      320 words
    • Article
      Lead
      53 4 LEAD on the morning rose by C 3 in LONDON for cash and C 2.50 for three months yesterday. The market displayed a steadier trend as trade hedge covering gave values a modest boost In the face of small scale liquidation. Three months worked up to C 315.50 on
      53 words
    • Article
      Zinc
      48 4 ZINC closed with cash up 10.50 per tonne and three months unchanged in LONDON yesterday. The market was subdued in the absence of further liquidation and values were steady In line with the general trend In base metals. Three months traded up to 1254 in slow, dealings.
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        468 4 SINGAPORE'S foreign exchange market turned quiet yesterday ahead of the weekend. Dealers were basically unwilling to take positions before the US trade figures are announced on Monday. Against the Japanese yen. the dollar opened at 240.00/95 and eased marginally to 240.20/25 after lunch. The dollar, however, recovered slightly
        468 words
      • Article
        Minimum lending rates
        53 4 ACBC 7 pint cktcac* 7 A1c*mm Baak 7 Baagfcafc Buk 7 BtfW Aartu 7 BuAITCUM 7 BukrfTtkn 7 luk Nagara IliNMM 7 Citibuk 7W H8BC 7 Malayaa Baakiag 7 Mitavi Baak 7 OCBC «H OUB 7 Ckartarad Btik 7M UCB 7H Chaw MaahaHaa 7 DBS 7W 17MBC
        53 words
      • Article
        Asian $ rates
        155 4 Asian rates ASIAN rurrcncy deposit Intertmnk rmtn as at clow on Jan 27 VBMIt Offer 7 day* 1 mtti 2 mths 3 mths 6 mths (mths 12 mths .71/16 .71/1 .77/16 -.7 9/16 .7 13/16 ,7 7/6 .7 15/16 ftw.rn. 6i vie 7 7 5/16 77/16 711/16 7 3/4 7
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        Discount
        43 4 RANOE of prtcc* houac* on Jan 27 offtred by discount Overnight: ISM Call depoaat: S*% CMx 3-Manth Treanury Mils >1/4 31/* J-monLh Bank Milt 47/» 4 3/4 3-Month CD 5 1/16 415/10 6-Month CD 5 9/16 sim« Source: National Discount Co Ltd
        43 words
      • Article
        Euro $ rates
        131 4 Euro rates EURODOLLAR deposit rates In LONDON yesterday opened generally steady around Thursday's closings in quiet pre-weekend trading Weekend was a shade harder in early trading among day-to-day rates, with some weekend covering requirements noted, but other short dates traded steady in routine activity. Dealings In fixed date deposits are
        131 words
      • Article
        Treasury bills results
        33 4 RESULTB of tender held on Jan 27 for 91-day Treasury bills to be Issued from Jan 90 to Feb 3. oanfc m.HMM Aimlil MS*: MS.M upraHmately 7% tugbar MdamrulT mTTTtSK
        33 words
      • Article
        Frankfurt
        34 4 FRANKFURT exchanges opening quotes on Jan 27 ustuus/M CM 1 9054/73 SU 4 .UWISS nil n Bfr Lit row rtr Mrs Mkr 41 .©/IS Bfr con 4 4SV4SS Bfr fin 44/44 Yen t.STSS/W
        34 words
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        London
        201 4 THE dollar yesterday opened slightly firmer In LONDON against major currencies in quiet trading though very marginally below Its Initial quotes. It traded 2.1120/30 marks against 2.1070/85 overnight, but down from an early 2.1130/40. and about 1.9790/ 9810 Swiss francs against 1.9780/ 9800 overnight. Sterling opened easier around U551.9484/
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        Tokyo
        189 4 THE dollar for overnight delivery yesterday closed higher at 241.30 yen in TOKYO, compared with a 240.70 opening and 241.22 at Thursday's close. Trading was moderate with volume US$263 million. No central bank Intervention was detected. After an Initial fall, the dollar recovered in nervous trading. The weak opening
        189 words
      • Article
        New York
        119 4 THE dollar closed firmer against major currencies in NEW YORK on Thursday, although off Its best levels of the day, primarily as a result of short-covering. Sterling closed at U551.9480/ 9500, down from $1.9515/ 20 at the opening, while the Bwlss franc eased to 50.30/ 40 cents from
        119 words
      • Article
        Hongkong
        113 4 THE U8 dollar In HONOKONO was little changed at 2.1112/22 marks from Its New York clow yesterday, but recovered from Its day's low of 2.1095/ 1105 In very thin trading. Traders were reluctant to take new positions ahead of U8 trade figures and President Carter's press conference on Monday.
        113 words
      • Article
        Eurobonds
        202 4 STRAIGHT dollar bonds In LONDON yesterday firmed slightly with pdns ranging to 1/4 point in quiet trading. Eurobond prices qu otad on Jan ST Straight* BM OCbr Total Oil ftct.lS M MB M *;i .j M.M MJS w vr..... MJS EIB »lf 9 7J82 n. st M.J7 PtaoniMc lO.tftST
        202 words
      • Article
        Australia/NZ
        38 4 AUBTRALIA/ NZ llchancw quoted oo Jan 17 A trajofcr*i.i4M/ i.im muXmt.mm/ u J-ws,.-: US An 11TSS jjmrd S—> f—: STSLn I.IM HCW ZEALAND: Marifia I.MM/ 4.MM OS SolLr ISM/ ISM* sacw aaa —,ib OS MMr I .MM
        38 words
      • Article
        Zurich
        33 4 ZURICH esdauifss quota# on Jan 17 us i.hm -rw Bfr MM MM Dkr M.4IM SMS tm HS Skr 414*7 PH ut«jm-arr aw wet u.mh -mm MUMt-MM An SJt 41~ Tan JIM MM
        33 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      360 4 -Manager Public Relations A leading Bank with substantial interests in Singapore, Malaysia and overseas is looking for a suitably qualified and experienced person to head its public relations function. This is a senior appointment. The incumbent will be responsible to Management for the overall planning, development and implementation ot jhe
      360 words
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  • TRANSPORT
    • Article
      Brunei Bay plays host to more idle vessels
      331 5 THE fleet of "mothballed" oil tankers in Brunei Bay has now increased to 14 as three more ships cast anchors reflecting the uncertain future of oil tankers. Acting marine director. Captain James Anggang, said the fleet had shrunk to 11 after the
      331 words
    • Article
      ScanDutch
      398 5 SCANDUTCH Is a consortium of five European shipping lines: Brostrom Shipping Company (Gothenburg), Compagnle Generate Maritime (Paris), the East Asiatic Company (Copenhagen), Nedlloyd Lines (Rotterdam) and Wilh. Wllhelmsen (Oslo). It has an agreement with the Malaysian International Shipping Corporation to operate a joint service between Europe and the Far
      398 words
    • Article, Illustration
      SHIPS IN PORT
      360 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Anton Chekov (2300 after Santiago Del Estero) It Bunga BeU war (1100) 19 Fortune Trader (3FOQ) after Loon Sheng) Ooranka (after Achille Lauro) 47 Kawana (Car carrier) after Achille Lauro) Havana Maru (JEOR) (2200 after Boma) 10/11 Pelsander (after Prima King) fl/7
      360 words
    • Article, Illustration
      Welding society aims to boost standards
      711 5  -  BUSY YEAR FOR WELDERS iy RAHIM KASSIM WELDING techniques employed in Singapore's shipbuilding and repairing industry are advanced and sophisticated and are comparable to that of most industrialised countries. High standard are imperative to meet the exacting standards of independent ship surveyors like Bureau
      711 words
    • Article
      Lock icon Air France's $4b for aircraft purchase
      714 5 FT AIR FRANCE is to spend almost 7.9 billion francs (553.85 billion) on re-equip-ment over the next three years. In addition, it has given a firm undertaking to buy the new European mediumhaul airliner provided It is competitive in terms of cost and performance.
      FT  -  714 words
    • Article
      Lock icon South Asia-Europe CAFs amended
      151 5 Reuter THE conferences covering trade between Europe ana India, Pakistan, Bangladesh have amended their currency adjustment factors (CAF) effective from Jan 30 and Feb 1, 1978. For UK eastbound the CAF will be plus 4 per cent (previous plus 3 per cent) effective Feb 1, UK
      Reuter  -  151 words
    • Article
      Lock icon More interest in Airbus
      119 5 AFP FLIGHT magazine has said several US domestic airlines are Interested In the largecapacity European Airbus A-300 medium haul airliner developed by a consortium of European firms. The magaslne said Allegheny Airlines Is about to seek approval from the US Civil Aeronautics Board to open a
      AFP  -  119 words
    • Article
      Lock icon SEAMEN STRIKE SPREADS
      88 5 Reuter THE WEEK-LONG strike of Israeli seamen spread to the country's oik tanker fleet despite a back-to-work order by the seamen's union. Shipping sources said that tanker crews had up to now refrained from joining the strike that was called to demand for more pay. However the
      Reuter  -  88 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      629 5 ARRIVALS Bwihn Lot Operator Number Tfa ml m Frwm CAL CI333 0040 TPB/HKO/KUL CPA CX003 0145 HKO TMA TL302B 0630 TPK MAS MH082 0610 KCH CAL CI814 1000 HLP OIA OA06O 1030 HLP CPA CX710 1035 HLP THAI TG423 1035 BKK SIA SQ209 1045 HLP OIAOA944 1055
      629 words
    • Article
      Lock icon London freight market
      200 5 AP OVERALL rate patterns changed very little despite the general dearth of new business on Thursday on the London freight market. In the Par East a number of vessels were booked for the trip to Europe Nakarri ura paid U553,350 per day to the 14,962 dwt "Novla"
      AP  -  200 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      142 5 Don't let the language barrier stop you from wider contacts i* 5. I c»\v> io a i tr* c\ e® aC**'. r S >4U* by N/O^ 1 lV* C U r-> YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travelling in fact anywhere and any time that
      142 words
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  • Article
    Aiming for the best of both worlds
    549 6 THE U8 Commerce Department has forecast an S per cent rise in exports to the Far East this year, most of which will be absorbed by the developing countries, which are experiencing the highest rates of growth vts-a-vls those of the developed nations.
    549 words
  • Article
    Airport congestion is in the mind
    284 6 THERE is no question of Paya Lebar Airport being afflicted by severe congestion. A walk Into the departure hall during peak hours, between 7 pm and 0 pm, will bear the statement out. The Department of Civil Aviation has not been lackadaisical about the
    284 words
  • Article, Illustration
    Basic mission of public relations has not changed
    2385 6 ALMOST everybody has a public relation! officer (PRO) or department nowadays, under whatever name "public affairs" and "corporate relations" are two nice side-stepping terms for it, currently in vogue from government departments to hotels and companies. The profession was born in the
    2,385 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      54 6 ■te&P, n->> ■B&W > V tw %ar:'* I j •w-. '£T 'V?< -V 4W tv' flies you to Europe six times a week FROM SINGAPORE TO AMSTERDAM Day Mon Tue Wed Fri Flight KLBI2 KLB32 KLB46 KLB44 Class FY FY FY FY Aircraft 74-M DC-10 747-B 747-B Departure 17.55 19.50
      54 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      64 6 WEATiHER WE A THER outlook for Singapore from 6 a.m. to noon today: Mainly fair. Report for 24 hours prior to 7.30 pm on January, 27 at the airport. Maximum Temperature 31.7° C Associated Humidity 67 Minimum Temperature 24.0° C Associated Humidity 97 Hours of Sunshine 6.60 Rainfall in Millimetres
      64 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      335 6 TV RADIO SINGAPORE 5 1.05 PM Opening announcements followed by Sesame Street* 2.05 Saturday Matinee Hercules And The Tyrants Of Babylon, Starring: Rock Stevens, Anna Maria Polani* 3.35 What's My Line 3.55 Soccer Friendly Internationals Singapore vs Australia (repeat)* 4.55 Sandiwara Siapa Bilang Abang Tak Sayang (Malay drama repeat) 5.40
      335 words
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  • Article, Illustration
    Growth expected in advertising
    654 7  -  By SALMA KHALIK WHEN business Is good, companies can afford to advertise; when business Is bad, they can't afford not to. This might be a cliche, but It Is on* of which Mr. Peter Bostock, general manager of Burson-Mars-teller (SEA), stands firm. This Is also why
    654 words
  • Article
    STRAWS IN THE WIND
    817 7 I THINK the crime rate probably went up on Tuesday night. There was a full moon that night, you see. Before you dismiss me as a superstitious old fool, let me tell you that I have scientific backing for my supposition. Harvey Schlossberg, director of tne
    817 words
  • Article, Illustration
    Success formula of man behind wheel
    1016 7  -  By JOHN LIM THE DRIVER at the wheel for the automatic transmission Mercedes-Benz 0F1417 bus demonstration drive was a snazzy dresser, tie, Bally shoes, gold ring on "«h hand and all. That was no ordinary bus-driver, that was Mr Yeap Peng Khoon, also at
    1,016 words
  • Article
    Lock icon It's a lot of money but it doesn't mean much
    1008 7  -  FORUM. ...on economics ■r N. R. KLEINFIELD N.R. Kleinfieidis a financial correspondent of Sew York Times. NYT NEW YORK: It should happen at 2:38 Friday afternoon, give or take a few miniates. If you're strolling down the street, there's no
    NYT  -  1,008 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      191 7 With immediate connections to U.K., Scandinavia, the Middle-East in fact to all major cities of the world. There's no better time than now to discover the Holland of the Dutch. With the cultural season in full swing, most tourists have gone, prices are lower. And there's a very special offer
      191 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      71 7 BliStoW: Flank I> akenS "Mis istue LIFE.... BOWLING* AtONC, Vfe L£fsF\f J >U)P^ S STbH€.vBeRCH ft NT, WW Stik&e.* Q /^vT vcuo LOOKS U«£. RoRD 6l£>OC feeje>> sex UP. ujwfvrs TMC ,ißoofci£, c*ricee? fi -Or NOO HPMtN-T S€£n A CooftC A or Feuous uavt SjTcßSes skulking VN TR>(IHG TO U\XQiA
      71 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      353 8 HONOKONO: Share price* closed firmer yesterday in moderate volume after earlier weakness as operators drew encouragement from Hongkong's smaller December trade deficit, dealers said. Blue chips led the advance with Jartfiaa Math— 40 cents higher at HK812.40, HoagKoag luk 20 up at 517.00 and HaieUsss Whaaipoa up five at
      353 words
    • Article
      Tokyo
      430 8 TOKYO: Share prices closed slightly higher yesterday led by motorcycles, after late profittaking pared early gains, dealers said. The Dow Jones average rose 990 to close at 5,028.41 with volume of 290 million shares. The New index closed at 376.17, up o.ao. Motorcycles firmed with Hoada Motor rising 15
      430 words
    • Article
      Sydney
      258 8 SYDNEY: The stock market closed slightly lower yesterday in dull trading following the consumer price figures announced on Thursday, dealers said. The Sydney All-ordinaries was down 0.22 to 465.96. •Ian 27 cents INDUSTRIALS ACI Ampol Pet ANl APM Bank NSW Brambles BHP Boral CBA CSR Coal Allied Dunlop Ex.
      258 words
    • Article
      Manila
      123 8 MANILA: The stock market closed mixed yesterday with mining and commercial averages gaining slightly while oils declined, dealers said. Turnover rose to 4.24 million pesos from Thursday's 3.60 million. JAN V Pesos Acoje Mining .0076 +0.0003 Alias Con. A 13.70 unch Alias Con. B 13.80 ♦0.2 Bafulo O0M .MM
      123 words
    • Article
      Bangkok
      159 8 JAN XT Bants Asia Fibre 211 -80 Bangkok Bank 401 unch Bangkok Invest. Bangkok -Metropolitan Bank Bau 800 ♦5 Berll Jucker MO -4 Carpet Intnl 443 -1 Charoonc Thai Wire 300 ♦4 Dumex Duslt Thanl 360 ♦J Faber Merlin First Trust (11 +106 Genera Finance 424 ♦21 Indo-Thal 410
      159 words
    • Article
      Amsterdam
      281 8 AMSTERDAM: Prices were mixed with a firmer bias In quiet trading on Thursday, dealers said. Unilever and Royal Dutch firmed in otherwise steady Dutch internationals while in the rest of the market KLM firmed ahead of the third quarter figures. Other firm shares were Aho id, Pakhood and Heineken.
      281 words
    • Article
      Brussels
      126 8 BRUSSELS: Belgian share prices were mixed In quiet trading on Thursday, bourse sources said. in foreign stocks. UK. Dutch and French were little changed. Germans fell and US were mixed. Gold mines were lower. Petrofiaa and American Patroflna fell, but Canadian Petroflna was unchanged. JAN M m FORWARD MAR
      126 words
    • Article
      Frankfurt
      252 8 FRANKFURT: Prices fell on profit-taking and a lack of follow-through with leading stocks shedding around two marks on average on Thursday, dealers said. Bi—«■» fell 3.70 marks following denials the company plans a bonus share Issue. SieaMis results were released too late to affect the market. Public authority bond
      252 words
    • Article
      Paris
      309 8 PARIS: Share prices advanced on Thursday helped by the slower rate of increase for December retail prices and supported by institutional Investor buying, dealers said. The gold linked 4.5 per cent government loan eased further to 776 francs from 789.90 on Wednesday Among foreign stocks Dutch were steady while
      309 words
    • Article
      Milan
      149 8 MILAN: Prices were Irregularly lower on Thursday as dealera awaited with caution the outcome of political negotiations on the formation of a new government, bourse sources nkl. Most leading Industrial and financial shares fell, although Ftnsider, I taigas, both Ollvettis and Pirelli gained slightly against the trend. Among chemical
      149 words
    • Article
      Jo'burg
      323 8 JOHANNESBURG: Oolds were quietly easier following lower London bullion indications and on light profittaking on Thursday, dealers said. Heavyweight Raadfeatela fell SO cent* to 6.775 while Vaal Reefs was 40 cents off at 2,239. Elsewhere losses ranged down to 30 cents in leaaer priced shares. Financial minings were quietly
      323 words
    • Article
      INDICES
      62 8 FINANCIAL TIMES INDUSTRIALS Thursday 475.* Wednesday U3J Week Ago 486.0 DOW JONES AVERAGE INDUSTRIALS Thursday 783 34 Wednesday 772.44 Week Ago 778.87 LONDON DOLLAR PREMIUM Thursday 75W lo 76 Wednesday 77* to 78 H.K. HANG SENG Thursday 402.27 Wednesday 409.57 Week Ago 402.18 SYDNEY INDUSTRIALS Thursday 400.59 Wednesday 410.04
      62 words
    • Article
      Why Inchcape wants Pride and Clarke
      750 8 INCHCAPE'S proposed acquisition of Pride <i Clarke, (the Toyota distributor in the U.K.), prompts the question of what Impact the deal will have on Japanese car sales In Britain. In theory, the Japanese car Importers are acting under a policy of deliberate marketing restraint
      750 words
    • Article
      CHICAGO BOARD OPTIONS
      1200 8 January 26 VOLUME declined slightly on the Chicago Board Options Exchange to 92,640 contracts from 05,460 on Wednesday. Declines led advances 437 to 79. OPTION APL JLT OCT STOCK Alco* 41 1 iT/a 11* MM Alcoa M l 1V4 MM Alcoa l/M NOL NOL Ml* Akco* 5
      1,200 words
    • Article
      Zurich
      279 8 ZURICH: Btock prices advanced In very active settlement day trading, bolstered by heavy demand from institutional buyers on Thursday, dealers said. Financials were mixed though after their recent strength. Landi* and GYR edged lower after the announcement of a capital Increase and proposed higher dividend. Helderhaak Bearer eased slightly
      279 words
    • Article
      Toronto
      319 8 TORONTO: The market closed sharply lower in moderate trading on Thursday ip a session shortened by 1-to hours due to a snowstorm. The Composite index was off 1.7 points, with declines leading advances 197 to 130. laterpreviacial Pipe A rose to to 14- to In active trading. Shall Cauda
      319 words
    • Article
      New York
      1203 8 NEW YORK: Stocks (ell sharply acre** a broad front In moderate trading on Thursday Analysts said the half-hearted rally attempts of the past few days finally gave way to Institutional selling. Some analysts said expectation* of a sharp rise In US money supply figures, due after the close
      1,203 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      159 8 COLLECTINQ Oriental Anticnej ra f A" 0 R\f > si A-f <\ 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
      159 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Mitsubishi expects decline
      360 9 ASIAN COMPANIES Reuter MITSUBISHI Corp said It expects consolidated profit for the year ending March 31 this year may decline to around 29 billion yen, from 33.22 billion yen in fiscal 1976. But It said It hopes to maintain the unchanged net income In the second half
      Reuter  -  360 words
    • Article
      Sanyo exchange
      95 9 SANYO Corp. has agreed to a five year technology exchange agreement with Fairchlld Camera and Instrument Corp. of California, a Sanyo spokesman said. Under the agreement, Sanyo will provide Falrchild with technology for production of microcomputer memories. Sanyo officials say these semiconductor memories are not affected by cutoff
      95 words
    • Article
      Nissan plant studies
      76 9 NAOOYA: Nissan Motor Co said studies are under way on feasibility of building a US car assembly plant. Nissan president Takashl Ishihara told a press conference It has not been decided and also where it M would start car production In the US. Mr Ishihara said the
      76 words
    • Article
      Carlsberg UK profit jumps
      242 9 EUROPEAN COMPANIES CARLSBERG, the only Continental group with its own brewery In Britain, made profits of £1.3 million, after Interest and depreciation on its U.K. operations in the year to Sept 30. This compares with £500,000 In the previous 12 months. Sales of Carlsberg U.K. rose
      242 words
    • Article
      Lock icon Tate and Lyle hit by stagnation
      167 9 Reuter LONDON: Tate and Lyle said depressed world trade and the temporary stagnation of the sugar market hit profits In the year ended Sept 38. Earlier the company reported pre-tax profits fell to £43.9 million from £52.5. million previously. In addition, finance* charges cost
      Reuter  -  167 words
    • Article
      Ashland Oil earnings drop
      133 9 NORTH AMERICAN COMPANIES ASHLAND Oil Co said the decline in earnings for the first quarter ended Dec 31 resulted from charges of approximately US$lO million for increased Interest expense and higher charges for depreciation, depletion and amortisation. The company reported earnings of $1.32 a share for
      133 words
    • Article
      Lock icon Exxon chemical income down
      271 9 Reuter EXXON Corp said lti earn* lngs from chemical operations for the year were down 11.2 per cent. US chemical earnings were flat but chemical earnings abroad fell 21.4 per cent. The company said "higher feedstock and operating costs could not be recovered in a market
      Reuter  -  271 words
    • Article
      Lock icon Standard Oil rise
      169 9 Reuter STANDARD Oil Co. (Indiana), the Sixth ranked US oil company, reported a 29 per cent rise In fourth quarter profits and a 13.7 per cent increase for the year. Indiana Standard said Its fourth quarter profits totalled U*****.8 million, or $1.48 a share, against $167.7 million,
      Reuter  -  169 words
    • Article
      Lock icon Mobil Oil raises revenue
      285 9 Reuter MOBIL Corp said revenues of the Mobil Oil Corp unit. Its petroleum and chemical sunsldiary, Increased US$4.3 billion in 1977 to $29.2 billion, including excise and state gasoline taxes. Mobil estimated its total 1977 revenues were $39.7 billion but said these figures were not comparable
      Reuter  -  285 words
    • Article
      Hanover sees record earnings
      896 9 NEW YORK: Manufacturers Hanover Corp, the 'parent company of Manufacturers Hanover Trust Co., reported record annual after-tax operating earnings for the fifth consecutive year. Operating earnings for 1977 were USsls7.9mllllon, up 10.2 per cent from the $143.3 million earned in 1970. For the fourth quarter of
      896 words
    • Article
      Fenosa arranges US$30m loan
      102 9 SPANISH electricity utility Fuerzas Electrlcas Del Noroeste SA (Fenosa) Is arranging a US$3O million seven-year Eurocredlt which is expected to be signed early Jn February, Euromarket bankers said In London. The loan carries a 114 per cent spread over London Interbank offered rates and three years
      102 words
    • Article
      Lock icon Credit Suisse claim
      95 9 Reuter CREDIT Suisse said its balance sheet for Dec 31 will contain a new valuation of its claims against Texon Flnanzanstalt. These were originally entered Into the balance sheet at 1.7 billion francs at end-June last year but chairman Oswald Aeppll told a extraordinary meeting that this
      Reuter  -  95 words
    • Article
      Ciba-Geigy falls short of peak year levels
      286 9 SWITZERLAND'S largest chemical group, ClbaQelgy, has profits for 1977 on the back of a rise of five per cent. In turnover to Sw. Fr5.9.94 billion. A letter to shareholders of the parent company, ClbaOelsy AO states that group profits for 1977 will emerge
      286 words
    • Article
      First International assets grow
      159 9 FIRST International Bancshares, Inc., the largest banking organisation in the southern part of United States and the holding company of First National Bank In Dallas, with assets over US$B.3 billion, reported 1977 Income before securities transactions of $66 million, a 14.7 per cent increase over 1976.
      159 words
    • Article
      TWA TURNROUND
      122 9 TRANS World Airlines reported a US$ll,3Bl million profit for the fourth quarter and a 76 per cent gain for the year. TWA's quarterly profits of 52 cents a share were a turnround from the fourth quarter of 1976 when It lost $2,118 million, or 20 cents a share.
      122 words
    • Article
      Sperry Rand profit increase
      156 9 SPERRY Rand Corp., a manufacturer of computers, farm equipment and other products, reported an eight per cent rise in third quarter profits,and predicted Its fourth quarter would be significantly stronger. The company's profits for the third quarter ended Dec. 31 totalled $39,643 million, or $1.14 a
      156 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      94 9 rid I I I I f e S* «r" PlPni* &s m s 9 if &>>£<* r« 11 k s® •v I 0# c I <v M l M lilt I W < I 1 1 t .lk U -ft T p in *i ii j < .11 > I
      94 words
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  • Article
    Transactions in Singapore
    1229 10 BID and eAr price* WBcUlly listed *ad Wilun ia aad reported to the Stock bekun sf ghWf>Mtoip with ths j, I ifc ■MV If WfVi hmM IBOWI ia WickM i* oft I.BM unite aaisss otherwiee ■p.rUl.d All das MtlMt Can tracts an ousted alter the world "Sett".
    1,229 words
  • Article
    In Kuala Lumpur
    1508 10 BID and offer price* 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. INDU»T*IAL» AllWlHts (2.1T8). Aleem (2.588) (2) 2 .87 (2) 2.60. A Chee
    1,508 words
  • Article
    GOVERNMENT BONDS
    130 10 4 3/4% l/t/79 (250.000) (IOOSOB 100.708) i 1/4% It/18/79 (250.000) (101.158 101 228) 3/4% IS/6/88 250.000) (103.50B) 4 3/4% li/9/88 250.000) (99.478 99.558) C 3/4% 1/12/88 (250.000) (103.70B) 5% T F 11/4/81 (250,000) (101.50B) S% T F IS/18/81 (250.000) (101.45B) S% T F 1/5/83 (250.000) (100.058 100.158) 5
    130 words
  • Article
    CORPORATE BONDS
    136 10 B O T 8 1/2% 1981 (100,000) (100 HB 101*8) B O T 7 VB% 1984 (100.000) (MB 96\S) BO T Floatiag 1984 (IOQlOOO) (MSB M*S) 7 LTCB J 1982 (100.000)(99*E) C Itota 8 1/8% I9M (100.000) (M*B Credit Lyeaaaia Floatiag 1983 (100.000) (M*B 995) D B S
    136 words
  • Article
    Stock options
    176 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and oner prices and business done yesterday, with the number of opCold Storage (March 81-70) (0.308 9.328). (June 81.79) (9.348 0.388). C and C (March 82.28) (0.488 0.538). (June 82.20) (8.548
    176 words
  • Article
    Unit trusts
    150 10 SINGAPORE UNIT TRUST INCOME BOND I'NrT (Mau|tn pricw tor Jan X) (Current pi rioM) The Commerce in im INCOME BOND 100 110 The Saving Fund 1 10 1.17 S'pore Prof Fund on o.ss MARA Bl'MIPUTRA FUND S'pore Security Fund 159 1«» (Maaafira' pricw First Bumlputra for Jan Ml
    150 words
  • Article
    SHARE INFORMATION SERVICE
    2328 10 im/im Hick Low Comp**y Last Sals ♦erDtv Div Y'M P/E Vol C666) Day High Law SECTION ONE INDUSTRIALS IM MO 116 M6 U* 206 160 278 422 148 171 248 835 130 3M 242 108 408 304 144 900 144 480 in 310 78 135 173 171
    2,328 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      689 10 7/ ill WMMn A ri uu4boflo Hotel "sr^&APCyiE Orachid inn SM Orchard Road, S'pore 9. Tel: *****2 'an o«M in Km orient" 4M/497 Havelock Road, S'pore 3. Tel: *****1 214 Dunearn Road, S'pore 11. Tel: *****2 Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love
      689 words
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  • Article, Illustration
    Mild morning rally fizzles out
    674 11 SINGAPORE MIXED trading took place In moderate volume on the Exchange af Singapore yesterday. A mild rally teen during the early moraine eeeeion peterad oat in the afternoon doe to the lack of strong follow-through support. Interact was concentrated on a handful of speculative issues
    674 words
  • Article
    KL firms towards close
    464 11 SELECTIVE support continued to buoy up prices In moderately active conditions on the Kuala Lumpur Stock Exchange yesterday. The market had Initially opened at around the overnight levels, but as buying Interest trickled In, trading turned decidedly firmer In the afternoon. Speculative support was also seen
    464 words
  • COMPANY NEWS
    • Article, Illustration
      Shareholders of Soga and JOP reap windfall
      717 11  -  By MANO SABNANI SUPREME Corporation's proposed acquisition of Sosa Berhad and Johore Oil Palm Plantations will stand to benefit the vendors to the tune of M 53.5 million in paper gains If the market prices of Supreme shares holds at the current level.
      717 words
    • Article
      Riverview shares listed
      37 11 RIVERVIEW Rubber Estates has informed shareholders that Its 5.404 million new ordinary shares arising from the recent one-for-one bonus Issue are now officially listed on the stock markets of Kuala Lumpur, Singapore and London.
      37 words
    • Article
      DIVIDENDS ANNOUNCED
      202 11 MTMt Kx Dm* Due Tatalfcr T«alfcr tfce ymm PHlWMt MKabta 7*T*(b) IM 10*1 DKV Jan 14 OKU Jan M Jan 30 Jan so 1% am 10* MTB 1M SM SEAL—W SHITS Jul 11 Jan SI MIS ■tt S2 5* •M <»> t.sama) 1M ar n> Jan 4 Jan
      202 words
    • Article
      BMT slides into $48,000 loss
      435 11 AFTER being on the slide for two years, British Malayan Trustees (BMT) plunged Into the red with a loss of $48,611 for the year ended June 30, 1977. The loss was primarily due to provision for "specific bad debts" according to the statement made by
      435 words
    • Article
      United
      58 11 UNITED Holdings, replying to SES queries on certain matters relating to Its belated annual report, said It has to delay Its answer until the outcome of several relevant cases pending In court and subjudlce to the subject-matter Is known. The exchange's queries focus on Unlted's unsuccessful Investments In Syarlkat
      58 words
    • Article
      OIL PALM OUTPUT DECEMBER 1977
      57 11 FFB OIL KERNEL Tons Ton* Tout Austral Enterprise 540.00 111.00 Ayer Molek Rubber 74.22 Castlefleld 80.60 17.33 Dunlop Estates 1,536.00 343.00 Golden Hope 3,850.04 600.22 Inch Kenneth Kajang. 17.32 3.71 Kuala Selangor 43.22 0.45 Kundong Tanjong Pau 42.21 8.40 London Asiatic 1,523.17 323.55 Patallng 1,829.54
      57 words
    • COMPANY MEETINGS
    • Article
      LATEST RESULTS
      24 11 WORLDWIDE Holding: Pre-tax loss $81,863 (819,797) for the first half year ended June 30, 1977. Revenue income 815,168 (84,897). Expenses 897,021 (824,675).
      24 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      379 11 ■rs' monco »ic< K Tanglin Circus, S'pore 10. Tel: *****1 Marco Polo Restaurant Enjoy the art of wining and dining Marco Polo Restaurant DAMADA IVhotelA Car valets in attendance HOTEL ROYAL-RAMADA Newton Road, S'pore 11. Tel: *****1 We've got it all together Golden Mikado Cantonese Cuisine prepared with Just the
      379 words
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  • Article
    Growth in US foreign trade placed at 13pc
    950 12 TOTAL US foreign trade should grow by about 13 per cent this year, or about the same as last year, to nearly US$3OO bUllon (about Ss7oo billion), the Commerce Department said. The department also repeated Its earlier estimate that the nation's trade
    950 words
  • Article
    Lock icon SOME BRIGHT, SOME DULL SPOTS IN FAR EAST
    909 12 AP US EXPORTS to the Far. East this year are estimated at US$2B billion (Ss64 billion), up 8 per cent from the year before. The US Commerce Department predicted the outlook for exports to emerging nations is "clearly optimistic" while for-Japan, Australia
    AP  -  909 words
  • Article
    LONDON STOCKS
    756 12 LONDON. Frl. Government bonds lost ground today while equities closed mixed In light trading. At 3.00 p.m. the Financial Times Index was up 0.2 at 476.0. Government bonds eased by up to 3/8 but were above lowest levels on bear closing operations and sporadic investment ln«Equities were mixed
    756 words
  • Article, Illustration
    Lock icon Strike lowers imports
    275 12 AFP IMPORTS of cotton, wool and synthetic fibre textiles Into the United States fell to 276.7 million square metres equivalent In November last year, compared with 349.5 million In November 1970. The US Department of Commerce reported that the decline was mostly due to the dock strike
    AFP  -  275 words
  • Article
    Lock icon Tokyo goes all out for 7pc growth
    502 12 Reuter UPI JAPANESE Prime Minister Takeo Fukuda said yesterday that his government will do Its utmost to realise a 7 per cent growth In Japan's economy during fiscal 1978, from April 1. Mr. Fukuda made the remark at the opening session of Parliament's
    Reuter; UPI  -  502 words
  • Article
    Lock icon Import quota for Japanese sugar set
    224 12 UPI THE Japanese Agri-culture-Forestry Minister has set 1977 sugar Imports (October 1977-September 1978) at 2.357 million tonnes. The figure Is based on the sugar price stabilisation law that will go Into force on Feb. 1. The Import quota, approved on Thursday by the sugar
    UPI  -  224 words
  • Article
    Lock icon South Korea forges ahead
    319 12 Reuter SOUTH KOREA'S gross national product was 4.3 times that of North Korea In 1976 and It will Widen further to 0.9 to one In favour of the south in 1981. According to a semiofficial report released yesterday Seoul's ONP reached US$25.l billion (SSSB billion) against
    Reuter  -  319 words
  • Article
    Lock icon SEC outlines proposal for national link-up
    789 12 NYT THE US Securities and Exchange Commission outlined Its plans on Thursday for linking the United States' six major stock exchanges, and the over-the-counter market In a single, highly competitive national market system of securities trading. The release, which sets forth a tentative timetable
    NYT  -  789 words
  • Article
    Seamen incentive scheme
    77 12 THE NATIONAL Maritime Board (NMB) has launched an annual Incentive scheme for all registered seamen. This scheme will require ship masters, on discharge of Singapore seamen from their vessels, to submit confidential assessments of the seamen's work performance such as on output level, willingness to perform duties
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  • Article
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    172 words
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      182 12 -r. BP i r i 4 I ll MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE m ASIA RESEARCH lILLETIR This unique publication offer* businessmen each month a comprehensive guide tp the latest developments that hove taken place in all important sectors of the economies of countries
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