The Business Times, 1 February 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. 21V1/78 WEDNESDAY, FEBRUARY 1, I*7B SO CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon World reserves up
      91 1 Reuter. DUSBELDORF, Tues. International currency reserves grew by a record amount of around US$5O billion (*****.5 billion) last year after rises of 930.5 billion In 1076 and only 97.5 billion In 1975, Bundesbank vice-president Karl Otto Poehl said. The rise In reserves was concentrated on the Industrialised
      Reuter.  -  91 words
    • Article
      Lock icon Ships, anyone?
      80 1 Reuter NEW DELHI, Tues. A high-powered team from the state-owned British Shipbuilders has arrived as part of a drive to boost sales of Brltlshbullt ships and trawlers. Managing director Ross Belch, of Scott Llthgow group and leader of the team, said today his team's main objective was to
      Reuter  -  80 words
    • Article
      Lock icon Beefing up imports
      33 1 Reuter. SEOUL, Tues South Korea will Import beef, natural rubber and other commodities worth 19.02 billion won this year for stock-piling against possible shortages, government economic planning board officials said.
      Reuter.  -  33 words
    • Article
      Lock icon No let-up
      67 1 Reuter. LONDON, Tues. Britain Is still in the grips of a recession although Inflationary pressures seem to be less than at any time since the 1973 oil crisis. The Confederation of British Industry (CBI), reporting on a survey earlier this month among 2,100 major manufacturers, said. "There Is
      Reuter.  -  67 words
    • Article
      Lock icon Problems over
      40 1 UPI. TOKYO, Tues. Nobuhlko Ushlba, Japan's External Economic Affairs Minister, said upon his return from a tour of Europe today that he did not expect existing trade problems between Japan and the Common Market to become serious. UPI.
      UPI.  -  40 words
    • Article
      Lock icon Asean communications
      51 1 AFP. KUALA LUMPUR, Tues. Asean countries have agreed to form a working party to carry out feasibility studies on an Asean regional satellite communication system, the Malaysian directorgeneral of Telecommunications, Tan Sri Hajl Mohamed announced at the end of a two-day Asean committee meeting on communications here today.
      AFP.  -  51 words
    • Article
      Lock icon US index up
      80 1 UPI THE US government Index of future economic trends posted a healthy 0.7 per cent gain In December compared with a 0.1 per cent gain in November. The rise supports administration projections of modest economic Improvement In the firsthalf of this year.' It is the sixth consecutive
      UPI  -  80 words
    • Article
      Lock icon Dow Jones
      67 1 UPI NEW YORK, Tues. Stocks headed higher early today In response to the government's report that Its Index of leading economic Indicators rose 0.7 per cent In December. Trading was moderately active. As a result, the Dow Jones Industrial average was ahead 1.73 points to 774.17 shortly before
      UPI  -  67 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      115 1 Rises Most active finlnnnn FE Levingitoa PerlisPlaat Prima Nitlm RakmaaHyd AIMJIA 488 286 184 247 324 306 174 +8 +6 +6 +5 +4 +4 +4 F&ber Merlin 134,000 Supreme Corp 107,000 Inchc&pe 94,000 API 87,000 Total Turnover: 1.58 M Total Value: $2.77 M YH8 225 Metal Box
      115 words
    • Article, Illustration
      In Kuala Lumpur
      155 1 Rite* Most octivc S«. Kinta M. Box(8) 5.30 2.32 +.50 +.18 214,000 194,000 Te-l'ston 2.85 +.12 Supreme 175,000 O.C.B.C. 5.95 +.10 Mega 170.000 A Hltam Tin 9.30 +.10 Total Turnover: 2.S3M PChem 2.80 +.07 Total Value: MS4.71 M Mega Perils Puma 1.01 1.88 2.47 +.08 +.05 .05
      155 words
  • Article
    Another cement hike looms large
    349 1 CONTRACTORS face the prospect of another hike In the price of cement following the 16 per cent Jump in the cost of imported clinkers last month. Last June, the five manufacturers raised cement prices by $5 to Si 18 a tonne when they formed a
    349 words
  • Article, Illustration
    Sime chiefs to operate from Malaysia
    620 1  -  LOGICAL DEVELOPMENT By CHAN BONG SOO SIME DARBY yesterday announced that it Is transferring its headquarters from Singapore to Kuala Lumpur, a move expected by many In the local corporate and commodity trading circle. Making the announcement the chief executive, Mr. James Scott, said:
    620 words
  • Article
    Sawmillers heave a big sigh of relief
    600 1  -  •y RONNIE LIM THE timber Industry here will not be affected by the Indonesian ban on the export of 17 species of wood. A Ust obtained from the Indonesian embassy here shows the ban applies mainly to decorative wood which the local industry
    600 words
  • Article
    SCOPE DOWN UNDER
    274 1 MR GEOFFREY Price, the new Australian High Commissioner to Singapore, said that Singapore manufacturers have not yet fully utilised the many opportunities available in the Australian market. If they want to Increase their exports there, they should look at all possibilities available, and in cases of quota
    274 words
  • Article
    Singapore to keep up pace of borrowing
    340 1 THE GOVERNMENT, a heavy borrower la the domestic fundi market, appears Mt to maintain iU borrowing rate in the ant four year*. Finance Minister, Mr. Hon 9ui Son yesterday told Parliament that nls ministry intends to borrow another 56.8 billion in the nest
    340 words
  • Article
    BNP's issue meets with strong demand
    520 1  -  •y SON TIANG KING THE FIRST Issue of the floating rate negotiable certificate of deposit (FRCD) this year has got off to a flying start. The US$25 million issue by Banque Natlonale de Paris in Singapore was oversubscribed by about 2V« times. Support came
    520 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      27 1 whatever you netd in menswoar, get it at... (Mm MOHAN'S OCFT STORE (PTEJUD. 32V Orchard RoadlW ZJ***** (nut to Mandarin HoW) mm**: W.-fcinHn«hßpplng Cwtf K23SOM Daily :own-9pm
      27 words
    • Advertisement
      Page 1 Advertisements Column 2
      42 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant tali j£l] HEfIRV WIG {IGEMIES PTE LTD ORU\t AGFM Rt i I ANCf DIS TH■ 0 144 H 'ALAN CH t AL.lt R.aAMDA" St R B BflUNt Ul 2S6t>*-
      42 words
    • Advertisement
      Page 1 Advertisements Column 3
      30 1 LNjSWE L > IB »r*i u> n n ftPI mm •n way MKMOPAD S. CROSSWORDS X. AIRCRAFT SCHEDULE S, WE TV RADIO t, STRAWS IN THE WIND 7, BRIBTOW 7 5
      30 words
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      Page 1 Advertisements Column 4
      104 1 LANIER COURIER the perfect secretary.... 5" high 2Va" wide 10oL Wt. works 24 hours a day and never grumbles AgantDON Mr,'fct*****6/53T163 WJ J DBS-DAI WAS MANUAL 200 SINGAPORE AND MALAYSIA STOCKS DN MIW KCMfTCS ITEIMTIOMI LMTCO (Mr mm m X jMtii k B K3W yl n^Mar'" jr*** a 3» f
      104 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Canon calculators tot up several firsts
      488 2  -  COMPACTS MAKE BIG IMPACT ■y TSANG SAU YIN CANON, the Japanese manufacturer of cameras, business machines, optics and electronic components, Is out to make a big impact in the market this year with the launch of 11 new electronic calculator models. Included In the
      488 words
    • Article
      Turkey rolls out the carpet
      130 2 THE first Turkish and Persian carpets exhibition to be held in Singapore and Asean, will be opened by the Turkish ambassador, Mr. Ounduz Tuncbilek today. Turkey, which Imports $20 million worth of rubber from Singapore annually, is anxious to develop its bilateral trade with the
      130 words
    • Article
      Lock icon Japan to build steel mill for China
      178 2 UPI. JAPAN ud China mm will etaelad* a leag-term Cvatt trade ipwuii to highlighted with a US$4.l4 billioa (85».«4 billion) order for eoMtractkm of a maaaive coaatal •tool mill ia Shanghai. According to industry sources on Monday China would aioo place an order
      UPI.  -  178 words
    • Article, Illustration
      MORE ACTIVE ROLE FOR FRANCO-STORE BODY
      362 2 MR. HO RIH HWA has been appointed chairman of the newly formed FrancoSingapore Joint committee. This committee of businessmen from France a ad Singapore, hopes to promote and facilitate trade and Investment between the two countries. The Idea was first sugEited by the former
      362 words
    • Article
      MEMO PAD
      234 2 COURSES AND TALKS DATES TITLE Jan 10-31 Industrial Health and Safety 9- S.D. Module m Feb 2 Elements of Industrial Engineering Feb 1 Transactional analysis LOCATION ORGANISER SIM Conference SIM Room Hotel Royal NPB Ramada Hilton Consulasia 4 It 11 Telephone Techniques and Courtesies 6 LI Marketing Strategy
      234 words
    • Article
      Motor insurers retain 2 clauses
      198 2 THE Malaysian government has agreed to two proposals by insurance companies which allow them to retain the controversial loading and excess clauses when providing motor cover. Under the proposals submitted to the government on Saturday, the companies have agreed among themselves to keep detailed records
      198 words
    • Article
      Singapore buys back IMF gold
      100 2 SINGAPORE bat repurchased 7,919 ounce* of gold worth 277,191 special drawing rights (SDR) or U*****,137 (*****,969) from the International Monetary Pond. This purchase la under IMF's second of four annual •old sales for "restitution" to members. In the second sale, about six million ounces worth
      100 words
    • Article
      Lock icon Textile industry in Taiwan seeks help
      1055 2 Reuter, AFP TAIWANESE textile manufacturer! in Talpeh have asked the government for assistance In the face of Increasingly strict curbs being Imposed on Taiwanese exports by the United States and the European Common Market. Quoting industrial sources, the Central News Agency said the textile
      Reuter,; AFP  -  1,055 words
    • Article, Illustration
      Chemical Bank's meet
      62 2 CHEMICAL Buk recently held iu South-east Asia T?°* In dure* of South-east Asia (fifth from left, frwt raw). Alao from Now York was Walter Kohoe, rice gniHmt (personnel) and Miaa Patricia Haberatroh. Thora present tncloded Tom Paffr, rice president and general manager of Chemical Bank Singapore (third
      62 words
    • Article
      DON'T MISS IT TONIGHT ...
      243 2 DON'T MISS IT TONIGHT REPEAT of Radio Television Singapore's Central Production Unit (CPU) documentary film, "Towards Productivity' 5 will be screened tonight on Channel 5 (English), 9.45 p.m. The outstanding quality of CPU production Is well known locally and those who missed this film the first time may find It
      243 words
  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      542 2 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS S Newcomer* to woo) production (5) Be embraced by a bird in the country (S) 1* Speak In pure term* (8) 11 Middlesbrough man (3) 12 Tuber-chewing animal (S) II Though vegetable to one fellow, they're animal (7) IS Stories teaat edited M A
      542 words
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  • OVERSEAS
    • Article
      Lock icon DOLLAR IN LIQUID FORM POSES GREATER THREAT
      976 3 Reuter. US DOLLARS held In liquid form rather than simply Its abundance pose the bigger danger to currency market stability. West German Girosentrale Deutsche Kommunalbank said In Its latest report that although the workl will have to live with US trade and payments
      Reuter.  -  976 words
    • Article
      Lock icon Bonn's GNP assumptions in doubt
      523 3 Reuter. APPRECIATION of the mark over the last few months puts a question mark over the assumptions behind the projected growth in Germany's GNP this year, Bundesbank vicepresident Karl Otto Poehl said. The government's growth aim this year put at a real 3.5 per cent
      Reuter.  -  523 words
    • Article
      Lock icon Sale of oil leases off
      352 3 UPI THIS week's sale of oil and gas exploration leases has been cancelled after a federal Appeals Court Judge refused to overturn a district court order postponing the sale. A spokesman for the Interior Department In Washington said Interior Secretary Cecil Andrus will not Join
      UPI  -  352 words
    • Article
      This year's deficit won't vary much
      588 3 THE United States' trade deficit this year is expected to be in the neighbourhood of that for 1977. Mr. Charles Schultze, chairman of the Council of Economic Advisers, declined to put a dollar amount on the level of the 1978 trade deficit. He said
      588 words
    • Article
      Lock icon Marshall Plan not for Third World
      321 3 AP WEST GERMANY favours giving Third World countries "a greater say" In fashioning a more equitable world economy, but rejects their demand for a "total recasting" of the existing International economic order, Economics Minister Otto Lambsdorff said yesterday. "We are for upholding the tried
      AP  -  321 words
    • Article
      Lock icon Airco's directors face fraud suit
      232 3 Reuter. THE 12 members of Alrco Inc's Board of directors ♦were charged In New York with deceiving shareholders in approving a tender offer for company stock at US$43 (about S$100) a share. The suit, filed in the Manhattan Supreme Court, claims that approval of the
      Reuter.  -  232 words
    • Article
      Lock icon Green lira devalued
      95 3 Reuter. THE Italian green lira will be devalued by 6 per cent from today (or milk, sugar and meat and from the start of the marketing year for other products. The devaluation was agreed to by EEC agriculture ministers' Brussels meet on Monday, of-nc-BS"SiiW«r. are still discussing
      Reuter.  -  95 words
    • WORLD IN BRIEF
      • Article
        Lock icon LOAN CEILING ON MANILA
        545 3 Agencies. AN INTERNATIONAL Monetary Fund (IMF) milslon has proposed a celling of UBSOSO million (882,213 million) for new commercial loans by the Philippines for this year. Top central bank officials yesterday said the amount is $30 million lower than the celling suggested by the Philippines. Officials
        Agencies.  -  545 words
    • Article
      Lock icon US economy to grow 4-5 pc if tax cuts are approved
      851 3 Reuter. THE Council of Economic Advisers (CEA) said the US economy should grow between 4.5 and 5 per cent this year if President Carter's proposed US$25 billion (S$57.S billion) tax cut Is approved by Congress. The CEA said If
      Reuter.  -  851 words
    • Article
      Lock icon FINANCING FLOW VITAL
      145 3 Reuter THE Council of Economic Adviser* Mid the availability of a continuing flow of official financing is essential to the stability of world financing. Hie CEA, in its annual economic report, said strong LS support of the development banks is essential to their continued ability to assist
      Reuter  -  145 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      269 3 3£oo extra Olivetti TCBoosystems reinforce hanking services in Japan. Banks know whom to trust. The problem To achieve real-time automation of counter transactions in savings banks and in banking service departments of agricultural consortia in Japan. Also to administer other services provided by the consortia for their members, such as
      269 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      456 4 OPENING prices in Singapore yesterday were easier on lack of followthrough from London to Monday's rise here. The prices, however, recovered later on speculative buying and shortcovering. There was increase demand for February One RSS which was taken to a premium over March. Levels gained
      456 words
    • Article
      RAS PRICES
      293 4 R.A.8. prices In ccnta per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.8.S. prompt f.o.b. Int. 1 R.S.S. February Int. 1 R.S.S. March Int. 2 R.S.S. UX/Coni. Int. 3 R.S.S. UK/Cont. Int. 4 R.S.S. UK/Cont. Int. S R.S.S. UK/Cont. Buyers 200 23 200.23 200.23 107.30
      293 words
    • Article
      SSR AND SMR
      77 4 NOON SSR and SMR price* yesterday RA8 Frtniw (Ciirml MU) Match (Farward Mtk) (CMtip«kC) ta lapvkK) SSR 20 (1-ton pallet) 182 SO 194.SON 193.SO 195 SON SSR SO (1-ton pallet) 190 50 192.SON 191.90 193.SON SMR9CV (1-ton pallet) 211.S0 213.SON 212.S0 214.SON SMR5L (1-ton pallet) 206.00 209.00N
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    • Article
      Closing prices
      24 4 Rubber: Jam 31 Siafapora: February 200.75 cents (up S.2S cents) Malaysia: February 303.25 cents (unchanged) Tia: $1,648 <nptt7) Official offering: 378 taa-
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    • Article
      Produce exchange
      376 4 PRICXB remained unchanged In light trading at the Singapore produce market yesterday. Though there were many Inquiries for all the commodities, little sales were made. Dealers said most of thee* inquiries were tentative bids meant to test the market. Sellers were also reserved. They quoted prices around that
      376 words
    • Article
      Coffee
      203 4 ROBUSTA futures opened steady In London yesterday £19 to £5 per tonne up on Monday's close In sales of 144 lots. Spot Jan rose £17 and March gained £10. May, however, pared an Initial i'2o rise to end the opening session only £12 up. There were no special features
      203 words
    • Article
      Cocoa
      127 4 TERMINAL cocoa finished the first call £1 to £10 up after dipping from higher traded prices during the call In London yesterday. But open trading saw tne market again moving up althouKh turnover was thin. Market sources attributed the support to dealer and outsider short-covering. Sentiment was possibly affected
      127 words
    • Article
      Palm oil
      75 4 C.I.F. US dollar per ton. LONDON M 1 Malaysia 5* ffa bulk April Sumatra 5* ffa Jan Feb March April May June/July Nigeria SH ffa bulk ROTTERDAM Sumatra Feb Zaire (Belt franca per kilo) maaoay 406 air unch MO air 522 50 air JOS air 402 SO air
      75 words
    • Article
      Straits tin
      199 4 THE Straits tin price In Penangyesterday roee Ms 27 to $1,808 per plcul on an official offering up eight tonnes to 278 tonnes.' The firmer trend at the London Metal Exchange on Monday, coupled with local buying demand, aided the market. In LONDON yesterday, tin gained £137 for
      199 words
    • Article
      Sugar
      202 4 SUGAR futures in London yesterday opened £0.50 to £1.05 per tonne down from Monday afternoon's closing levels. Turnover totalled 1.137 lots. London dally raws price was up £1 at £111 while the whites price was raised C 1.50 to £117 per tonne. On Monday, futures closed £2.25 to £0.05
      202 words
    • Article
      Hongkong comex
      168 4 SUGAR futures yesterday traded steadier with prices ranging from 0.01 to 0.14 US cents higher. Turnover fell to 17 lots from 19 on Monday. Sufv futures closing prices (io»ia« oSir Mch •SI/52 8 41/42 May 9.63/66 9 73/74 Jly 996.10 04 9 96/10 05 Sep 101V22 10 10/11
      168 words
    • Article
      Rice
      88 4 BANQKOK rice prices were quoted as follows yesterday: US dollar* par tonne fob basis Bangkok WhtasMaa: 100 pet Ist class 376. 100 pet 2nd class 335 100 pet 3rd class 360. Spct 341. 10 pet 383. 13 pet 3SO. SO pet Sl7~ 25 pet JIS 35 pet unq Brakaa:
      88 words
    • Article
      Soybean
      76 4 THE severe winter weather across the mid-west supported soybean futures but failed to kindle fresh buying interest In Chicago on Monday. Prices fluctuated narrowly, in a range of only four cents before they finished the session unchanged to 21/4 cents a bushel lower. Soybean product futures finished a quiet
      76 words
    • Article
      Wheat
      60 4 WHEAT futures lost early gains of one to two cents a bushel and eventually finished at the day's lows with losses of 144 to 3W cents a bushel In Chicago on Monrestricted movement of grains because of last week's winter storm, the subsequent cold weather, and the firmness In
      60 words
    • Article
      Copper
      334 4 COPPER wire bars finished the morning mostly £0.50 higher in London yesterday. Values edged higher on the pre-market under modest short-covering prompted by steady overnight New York, with Three Months trading up to CMC per tonne before scattered profit-taking pared gains in the ring, dealers said. Outside physical demand
      334 words
    • Article
      Silver
      171 4 SILVER in London yesterday was steady at the lower levels with 72 lots traded. Six lots were traded at the kerb with Three Months trading up to 257.0 pence per troy ounce. Cash was untraded. On Monday, silver on LME Ipst 2.0 to 1.5 pence per troy ounce. The
      171 words
    • Article
      Gold
      318 4 THE KILOBAR in Singapore yesterday opened at 5513.157 and closed at SI 13,196 in quiet trading. In the London market, the metal opened M U*****.40/70 and closed at U*****.00/30 The London morning fix was U*****.20, unchanged from the previous fix. Source: Singmas Retail prices per tael 2uoted by the
      318 words
    • Article
      Zinc
      108 4 ZINC finished the morning with gains of £3.25 for cash and £2.50 for Three Months in London yesterday. The metal advanced on short-covering following the recent heavy sell-off, dealers said. Three Months touched i' 266 per tonne before slipping back to £263 under profit-taking and hedge selling, the dealers
      108 words
    • Article
      Lead
      113 4 LEAD closed with gains of £5.25 for cash ana £5 for Three Months in London yesterday. The market traded up to £328.50 per tonne for Three Months on bear covering In somewhat oversold conditions, dealers said. Trade selling was a restraining influence at the higher levels, however, the dealers
      113 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        417 4 THE LOCAL money market saw panic giving yesterday In the face of flushed market conditions. Yesterday was also base day. Rates fell from -1 to -14 and finally to -2. Later, however, rates began to rise, making its way to But towards clearing time, then started to fall
        417 words
      • Article
        Minimum lending rates
        48 4 ACBT 7 rim niM« 7 Cttibuk tu hMM Buk 7 Hfnr f B—fc at Kmmirm BaakafCfciaa Biak «T Toky* T MtUyu Bankiaa Nllnj Rank 7 T B.aL N Man BMft Napan OC8C IS OUB UCB 7*4 Qmi y.Mk.H.. i > T uSc.::::::: DBS T* UOB 1
        48 words
      • Article
        Asian $ rates
        190 4 Asian rates AJ rm IN currency (ta i u at etoa* on U a S Itlw ran tnu fen SI: 18 Mian «hr Bi 1/M VW 7 ft/11 7 rt* f i»/ i/» a/i ink «> 11 I i m m th» Uu UkS 1/1 7. U/M 7 7/» 7
        190 words
      • Article
        Discount
        45 4 RANOE of price* houses on Jan 11 offend by discount Overnight 2% 3 MM Ca.ll deposit 3*« CUMH 3-Month Baylag MN Treasury bills 3* 3* J-Month Bank bills 4% 4« 3-Month CD St* e- Month CD 5 9/1C •*1/1* Source: National Discount Co Ltd.
        45 words
      • Article
        Euro $ rates
        137 4 Euro rates LONDON Eurodollar deposit rates inclined easier In quiet trading yesterday. Intervention by the red on Monday when Fed funds ranged between 6-11/16 and 6-1-/16 per cent had no significant impact on the rates but the US December trade outturn tended to influence market sentiment with easing in rates
        137 words
      • Article
        Australia/NZ
        57 4 AUSTRALIA/ NZ exchanges on Jan 30: AUSTRALIA US dollar I.MSB/I ISM Starting 0 MS*/0 MM Ntnety-daj air mail burnt rataa. Starting Ml 7/ US tolkra I.IMS Ninety-day forward buylnc rata*: Btartlnc 0X47/ US OolUn 1134# NEW ZEALAND Stem IM 0 SMS/ 0 5237 US dollar 1.(875/1.01?S ■*M*y-d*y air Ball
        57 words
      • Article
        Frankfurt
        42 4 FRANKFURT exchanges opening quotes on Jan Si: ust.iiss/a»<i.iiu/*T> Can IJIM/M Sta 4 in/ITT dV m n/« 8 pr 1M N/7Q Ut 2 436/443 r Pr 44 mm N Kr 411VB B Pr (eon) .46/44 B Pr (fin) 4 44/47 Yen (S74S/M
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      • Article
        London
        250 4 THE DOLLAR traded steadily and slightly below overnight levels In subdued two-way business. News that the US December trade deficit was US$2.O3 billion, down from November's 82.08 billion, compared with estimates of up to $3 billion and more but this positive factor was cancelled out by the lack of
        250 words
      • Article
        New York
        79 4 THE DOLLAR finished stronger against major currencies, aided by news of a smaller than expected US trade deficit In December. The news the deficit narrowed to $2.03 billion from $2.08 billion In November was viewed very favourably, particularly since many had been anticipating a deficit In the $2.5
        79 words
      • Article
        Tokyo
        140 4 THE dollar for overnight delivery closed slightly higher at 241.74 yen, compared with a 241.55 opening and 241.60 at Monday's close. No Central Bank intervention was detected. The dollar for immediate delivery closed at 241.55 yen, compared with 241.49 at the opening and 241.935 at Monday's close. Forward dollar
        140 words
      • Article
        Hongkong
        106 4 THE US dollar rose slightly in quiet trading to 2.1160/70 marks after opening around Its New York close at 2.1130/50 before firming on European demand. The unit also firmed to 241.00/70 yen after opening at 241.40/50 and touching a low of 241.35/45. Sterling firmed slightly to UBs 1.9485/95 after
        106 words
      • Article
        Eurobonds
        338 4 STRAIGHT U8 dollar bonds firmed slightly where changed In light trading In London yesterday. Investors showed a cautious response to President Carter's press conference and the better-than-expected US December trade figures, dealers said. Sterling bonds rose slightly and Canadian dollar Issues showed little change while guilder bonds advanced on
        338 words
      • Article
        Zurich
        64 4 Zurich exchanges closing quotes on Jan 30: US l.Kt M4A stc i w) mm C*n 1.1K2 ItM D Ml H.TUI OH d n n mn wm r Pr 4i.Mi« mm B Pr (.MM mm D Kr MJtM HN N Kr MJSU (211 SKra.sn?Lit o zzn am Aim act) IS.MM
        64 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      444 4 1 If you're in the oil business you can't afford to miss OFFSHORE SOUTH EAST ASIA The Asian Petroleum Show February 21-24,1978 Hyatt Convention Centre Singapore 460 exhibitors 38 conference speakers Conference sponsors: Society of Petroleum Engineers (SPE), South East Asia Petroleum Exploration Society (SEAPEX), Society of Naval Architects, Singapore
      444 words
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  • TRANSPORT
    • Article, Illustration
      New sense of direction dawns on IATA lines
      714 5  -  CHANGE IN THE AIR By TERESA LIM MEMBERS of the International Air Transport Association are likely to make a number of changes to their operations this year. According to Its director general, Knut HammarskJold, lATA airlines are now undertaking the most thorough
      714 words
    • Article
      Lock icon London freight
      181 5 AP. WIDESPREAD active chartering over the weekend was reported on the London freight market on Monday. But It gave little Indication of any significant change in the rate structure, apart from a 25-cent drop in payments to large bulkers working the US Gulf-Holland grain run. Smaller units at
      AP.  -  181 words
    • Article
      Lock icon Fighting air hijacking
      89 5 Reuter. US airline pilots have urged their country to take the lead In fighting air hijacking through economic sanctions instead of waiting for United Nations action. US Airline Pilots Association president John O'Donnell told the US Senate Governmental Affairs Committee: "We are totally convinced that the UN
      Reuter.  -  89 words
    • Article, Illustration
      SHIPS IN PORT
      284 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Centaur (1330 after Vlshva Sandesh) 44 King Dragon (0000) 23 Ocean Supply (B. Barge) (0700) 48 Okltsu Maru (1800 after Tapah) 21 East Perils (1500 after Auby) 21 West PASIR PANJANG WHARVES Kal II (0700) Odna. 301 CB 7 1280-1311 Kota Berllan
      284 words
    • Article
      Lock icon Output of Airbuses to double this year
      451 5 FT. AIRBUS Industrie, the group building the A-300 Airbus, will double Its production rate from one to two aircraft a month this year to meet a rising volume of orders. It might Increase the rate further next year. Sales stand at 96 aircraft,
      FT.  -  451 words
    • Article
      FAR EAST FREIGHTS
      1126 5 RATES remain fairly steady on fixtures made, and bulk movements are showing a reasonable Increase although nothing spectacular has been reported. Generally there are still too many coasters chasing limited cargo, and most vessels in the 10,000-ton class are employed but not profitably. Veaaels open Multi-purpose new
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    • Article
      Lock icon JAPANESE LOOK INTO PLANE'S MERITS
      128 5 Reuter FRANCE has urged Japan to press its airlines to buy the Europea A-300 Airbus and help reduce the massive Japanese trade surplus with European Common Market countries. Officials said French Prime Minister Raymond Barre stressed this point in talks in Paris with Japanese External
      Reuter  -  128 words
    • Article
      Round the world in 80 days
      169 5 TAKING a page from Jules Verne, Pan American World Airways on Monday offered a "round-the-world in 80 days" Cue which promisee to take travellers around the world for less than US$l,OOO (812,330). Under the plan, subject to government approval, for $999 a passenger could
      169 words
    • Article
      Lock icon Bridging the gap
      81 5 Reuter. SEAMEN from India. Pakistan and Bangladesh working British Merchant ships could be earning nearly as much as their British counterparts in five years' time if proposals in a report published on Monday became official government policy. At present an Indian seaman earns 149 (SS22O) a month
      Reuter.  -  81 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      736 5 ARRIVALS Oei i k«i Local Operator Number Time From AI AI405 0210 PER TMA TL304B 0530 TPE MAS MH001 0715 KUL MAS MH682 0610 KCH SIA SQ101 0615 KUL MAS MH021 0835 PEN MAS MH0O7 0645 KUL MAS MH671 0945 PEN/KUL OIA QA980 1030 HLP CPA CX710
      736 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      154 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Call us for your local or onward reservations -IT Don't let the language barrier stop you from wider [<' contacts i i WL \o c\ Y flr*®; •I? \e<* r4\ 8 ft \Y> e o *o ie \N t* c\ c-.
      154 words
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  • Article
    Sime leaving but not forgotten
    427 6 PARENTS throughout the ages have accepted that Inevitably their children will leave the nest, to work or wed. Although not severing ties the children will still make their homes elsewhere. However great the loss, It Is softened by the fact that the Inevitability of their
    427 words
  • Article
    Two pleasing voices of dissent
    277 6 THE GOVERNMENT'S drive to Inject fresh blood and responsible dissent Into Parliament Is paying off, If proceedings yesterday In the House are anything to go by. In the debate on the Constitution (Amendment) Bill which sought to provide for detention without trial under the Criminal
    277 words
  • Article
    Once upon a time in the land of make-believe...
    1897 6 THERE HAS BEEN much discussion of accounting standards in Singapore recently including extensive coverage in Business Times of the Singapore Society of Accountants' (SSA) seminar in December 1977 (see Business Times, Dec 12, 1977, front page and page 4) and for
    1,897 words
  • Article, Illustration
    That upraised finger is not obscene
    327 6  -  Br HUGH MULLIGAN in Hartford IN ONE OF those decisions that could point the way American society Is headed, the Connecticut Superior Court has ruled that giving someone the "digitus lmpudlcus" legal language for "the finger" is not punishable as an obscenity. The case
    327 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      672 6 408/407 Havelock Road, B'pore S. Tel: *****1 A TREAT OF SZE CHUAN FOOD AT THE SZE CHUAN ROOM Is a heavenly delight prepared with care In the meticulous tradition of Sse Chuan Cuisine. You'll relish the fare at the Sse Chuan Room in the Slngapura Foruin Hotel and in a
      672 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      68 6 W EftT.H E R WE A THER outlook for Singapore from 6 a.m. to noon today: Windy no rain. REPORT for 24 hours prior to 7.30 pm on January, 31 at the airport. Maximum Temperature 30.4° C Associated Humidity 65 Minimum Temperature 22.7° C Associated Humidity 96 Hours of Sunshine
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      257 6 SINGAPORE 5 3.00 P.M. Opening announcements followed by Star Performance One Way Out 3.30 Diary of Events (Malay) 3.35 Disappearing World The Kirghiz of Afghanistan 0 4.20 Intermission 6.00 P.M. Opening announcements followed by Electric Company 6.30 News in Brief 0 6.35 Wild, Wild World of Animals Otters 0 ters
      257 words
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  • Article, Illustration
    What tombstones can show you
    1676 7  -  FRANK SEMACK of the prestigious London weekly journal, the Investors Chronicle, has been doing a Sherlock Holmes with those seemingly routine and unremarkable animals, the tombstone ads announcing new bond issues and so on. If you thought such ads were not worth a second look
    1,676 words
  • Article, Illustration
    STRAWS IN THE WIND
    718 7 MUCH has been said and more is to come on the current virus flu epidemic sweeping Singapore, so let me add my two centsworth. I met one poor fellow whose whole life may now be changed as a result of having a simple flu. It seems
    718 words
  • Article
    The rake-off: who gets what
    311 7 SYNDICATED CREDITS: Suppoae the lota it for US* 100 million, with a one per cent management fee. The toad manager aha vea, aay. H per cent off the fee; thia la hit 'praecipiun and in thia iaataace cornea to 9125,000 for atartera. The root, H
    311 words
  • Article
    Letter to the Editor
    303 7  -  Tan Kwang Hung Director of Civil Aviation DMTSIT, May I refer you to the article concerning the collection of Passenger Service Charge (PSC) for the Department of Civil Aviation (DCA) which appeared on the front page In your Issue and the editorial of Saturday Jan 28.
    303 words
  • Article
    Behavioural problems
    905 7  -  rOBUBi f ...on management b »T DR. JUZAR MOTIWALLA Dr. Mottwalla is a lecturer in the Department of Business Administration, University of Singapore. A LARGE NUMBER Of management techniques have been developed to help managers make better decisions. There are mathematical techniques like capital budgeting, computer techniques like,
    905 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      407 7 m.-* rf I a JPI. > DAMADA IYhotelA HOTEL ROYAL-RAM ADA Newton Road, S'pore 11. Tel: *****1 We've got it all together Golden Mikado Cantonese Cuisine prepared with Just the right touch by our Master Chef And our speciality Flshheads. Ramada Lounge A drink in hand, soothing music for the
      407 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      44 7 Bristow: FratLk Dickens I fpR OUT ol T^e. JUST DotMG no SONSHINC TO SffeP>K Of Bur IT Doesrt'T «ejpiu>/ {*lfVPnEfc P*BOUT THG ujeßr^eß... USMWT OXSRC CfVvl ex. or f* HOUDFW? JTt.S« ■-«»< C. <li> J \TS JO ST so GOOD GeTrihJO P>U>RV FROOrt TfcepsDrrULL At&S?
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Hongkong
      363 8 HONOKONO The stock market dosed flight by mater yesterday on scattered local selling tn dull and featureless trading. Among blue chip*. Jartfiae Matkma lost 10 cento to 12.10 and H*»f Keag Lead and HMeklM WkuipM fell five cento each to 6.80 and 3.55 respectively. Bwtm Pacific and WkMlNk Mardea
      363 words
    • Article
      Tokyo
      482 8 TOKYO: Share prices rose sharply yesterday In active trading on selective buying Interest mainly In blue chips and export orientated issues. The Dow Jones Average rose 34.13 to 5,111,67. with volume of 310 million shares. The New index was 382.04, up 1.99 Toyota Motor, Honda Motor, Sharp Corp, Sony,
      482 words
    • Article
      Sydney
      298 8 SYDNEY: The stock market closed easier on balance yesterday, with banks losing ground on expectations of lower interest rates, dealers said. The Bank of NSW eased four cents to A 55.20 after earlier touching 5.18, while other banks weakened with the National and ANZ losing a few cents. The
      298 words
    • Article
      Manila
      135 8 MANILA: The stock market closed mixed .yesterday with commercial averages posting slight gains while minings and oils declined. Turnover fell to 1.20 million pesos from Monday's 1.83 million. JAN 11 Pesos Acoje Mining 0078 -0 0002 Atlas Con. A 14 00 +0.1 Atlas Con. B 14 00 unch Bagulo
      135 words
    • Article
      Bangkok
      157 8 JAN It Bahts Asia Fibre 289 Bangkok Bank 399 unch Bangkok Invest. 410 16 Bangkok-Metro-politan Bank Bala 810 10 BerllJucker 532 unch CarpetIntnl 449 ♦9 Charoong Thai Wire 360 ♦5 Oumex DusltThanl 365 +1 Faber Merlin First Trust 932 >121 Genera Finance 430 -8 In do- Thai Industrial Finance
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    • Article
      Amsterdam
      265 8 AMSTERDAM: Share prices closed mixed with a lower bias in thin trading on Monday, dealers said, with Hoogoveni and Philip* higher in otherwise lower Dutch internationals. JAN 30 Fls >/- Ahold 102 10 -0 9 Akzo 22 30 -0.3 Algbank 331 50 -0 5 AMEV 79 50 +0 5
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    • Article
      Brussels
      110 8 BRUSSELS: Belgian share prices were mostly higher In more lively trading on Monday, bourse sources said JAN 30 Frs FORWARD MARKET Acec 254 unch Arbed 2025 ♦5 Astur 398 -9 Brascan 425 •1 Bru-Lamb 1420 ♦2 Canpac 486 -7 Cock 360 2 IV Beers 160 unch Ebes 2395 30
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    • Article
      Frankfurt
      247 8 FRANKFURT: Prices eased slightly tn dull trading on lionday, with some operators attributing the weaker tone of agreement of a seven per cent pay rise for dockers, dealers said. JAN H Dm Aef-Telefunken 91 SOB -0.3 Muo 21 -0.2 Alls Leben SUB unch Allx Ven 490 •1 BASF 138
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    • Article
      Paris
      300 8 PARIS: The market was mixed with a slightly firmer tendency on Monday, dealers said. JAN 30 Frs CORBEILLE Air-Liquide 244 ♦2.9 B S N Gervals Oanone 342 C S F (Thomson Csf) 136 19 Cie Francatse des Petroles 97 40 1.4 Compagme Financier* Compagnie Generate 263 ♦2 5 Credit
      300 words
    • Article
      Milan
      112 8 MILAN: Stocks firmed on lessening sales pressure and selective buying in slow trading on Monday, bourse sources said. JAN Lire Anlc 120 -2 Assoc On ***** 250 Bastogl 395 5 Cenlrale 3790 ♦88 Flat 1929 418 Finslder 77 50 0 5 Gen Immob 74 unch IFI Pri 1970 ♦7
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    • Article
      New York
      905 8 NEW YORK: Btocki advanced on Monday in a rally that analysts said lacked authority because of the light volume. Analaysts said the gain. which was. mainly technical, was enhanced by the Commerce Department's report that the US December trade deficit fell to a seasonally adjusted US$2 03 billion
      905 words
    • Article
      Jo'burg
      319 8 JOHANNESBURG: Oold ihtm were mind with an easier ►*>»» in quiet trade and low volume on Monday, dealer* noted JAN M Rand 47INDUSTRIALS A Alpha 125 unch Ahercom 1M AE And a 225 -s AMIC MS 45 Barlow* 367 ♦2 Cg Sugar CN A 700 13* unch 4-S Cum*
      319 words
    • Article
      Zurich
      205 8 ZURICH: Prices closed narrowly mixed with a firmer Mas in generally quiet dealings on Monday dealers said. The credit Suisse index roae 0 5 point to 257.3. JAN M Franca Actions Suisse* 274 unch AiusulsseBr HIS 10 Ahisulsae Reg 340 unch Brown Boven Br isao »S Clba Octfjr Br
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    • Article
      Toronto
      221 8 TORONTO: Share prices closed lower in moderate trading on Monday with the Composite Index off two points and losses leading gains 234 to 157. JAN CS AbtUM 10'. unch Alcan 26S unch Algoma MS unch Bank Mont 17H -S Bank Nova Srolla 18S Bell Tel 52S Beth Corp BP
      221 words
    • Article
      Indices
      65 8 FINANCIAL TIMES INDUSTRIALS Monday 470.0 Friday 477.5 Week Ago f 480.0 DOW JONES AVERAGE INDUSTRIALS Monday 772.44 Friday 704.12 Week Ago 770.70 LONDON DOLLAR PREMIUM Monday 74V4 to 75 Friday 74* to 75 H.K. HANG SENG Monday 400.74 Friday 400 05 Week Ago 405 05 SYDNEY INDUSTRIALS Monday closed
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Call for SEC inquiry into Sun purchase
      447 8 NORTH AMERICAN COMPANIES Reuter. WASHINGTON: Two senators and a congressman called on Monday for an Immediate SEC investigation Into Sun Company's acquisition of 34 per cent of Becton, Dickinson, a major hospital supplies maker. The demand for an inquiry by the Securities and
      Reuter.  -  447 words
    • Article
      Lock icon Merck raises fourth quarter earnings
      157 8 Reuter. THE big pharmaceutical house of Merck and Co. reported a 9.8 per cent gain in fourth quarter earnings despite losses from foreign currency translations. Merck's fourth quarter profits totalled U5562.3 million (83 cents a share), against the year-ago period's $56.7 million, or 75 cents.
      Reuter.  -  157 words
    • Article
      Allied Breweries expects continued success
      679 8 EUROPEAN COMPANIES LONDON: Both at home and overseas Allied Breweries Is In a sound position and Mr. Keith Showering, the chairman, Is confident that the successful development of the company will continue. The group's export markets offer great potential for sales and profits both in
      679 words
    • Article
      Lock icon Currency losses hit Texaco
      434 8 Reuter TEXACO, Inc.. the second largest US oil company, blamed the depreciation of the dollar for a 12 per cent dip In fourth quarter profits. Texaco's fourth quarter profits totalled U*****.4 million (75 cents a share), down from the year-ago period's $230.5 million. Texaco said foreign
      Reuter  -  434 words
    • Article
      Philip Morris spends more
      90 8 PHILIP Morris Inc said 1978 capital spending will be about US$5OO million, reflecting increased sales and profits, and compares with the $280 million spent in 1977. Philip Morris reported 1977 year net earnings of $334.9 million on revenues of $5.20 billion compared with year-ago earnings of
      90 words
    • Article
      Volvo profit dips
      110 8 PROFITS of the Volvo Motor Oroup dipped to 330 million Swedish crowns last year, compared with 582 million crowns in 1976, company results revealed. But the management said that group turnover, at 16,200 million crowns had risen by three per cent. The result includes a 20 million
      110 words
    • Article
      PEUGEOT
      53 8 THE French motor firm Peugeot sold 785,000 cars last year (up five per cent), of wnlch 51.4 per cent (up 10 per cent) were exported, figures for the SPA-Peugeot Citroen group showed. The Citroen division sold 737,000 cars (up 10.6 per cent), of which 359,000 (up 17.5 per cent)
      53 words
    • Article
      Lock icon Matsushita pact concluded
      156 8 ASIAN COMPANIES AFP MATSUSHITA Electric Industrial Co.. Japan's largest electric appliance manufacturer, has concluded a technical cooperation agreement with BoschSiemens Hausgeraete GMBH of West Germany, Matsushita announced. Matsushita, also the world's largest in the electric appliance industry, and the west German company headquartered in Munich will jointly
      AFP  -  156 words
    • Article
      Mitsubishi oil leak losses shared
      115 8 MITBUBIBHI Oil Co, Ishlkawajima Harlma Heavy Industries (IHI), and Chlyoda Chemical Engineering and Construction Co have agreed on their shares of tones totalling 50 billion yen caused by oil leaks from Mitsubishi Oil% Misushlma plant in Okayama prefecture in 1974, Mitsubishi Oil sakl. Under the
      115 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      124 8 I*** study with WJsevHall OXFORD Institute of "Admi'.istr ilm\l.inaqement of Bankers Ist of Chjrt-'fed Secretaries Ki Administrators Inst of StJtistir jm London Chamber of Commerce Industry HSC CiCF A L-vel MCE SCGCE O Level London AEBGCE A S. O Levels Modern Mathematics for Teachers Foulks Lynch LONDON of C ••r
      124 words
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  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      758 9 I 1 k >r\ m A n» m j n; «F r» r«£ NT 1 .V' fe 3(V Av: *38 ®ES > m v-< *fcv£ Stiff X-V isrk 3W VC'j. awp -*T SMSSn M S'-.' aw-?? Nes ?<! 3g •i'. §Sk k: PS m ®£8 1W 4H WSE IV V
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  • Article
    Transactions in Singapore
    1252 10 BID ami aflhr prioos tOtUtr Uiti4 ui kvilMM la u4 i UMlii k the Stack bekuit at raMrinwUw I—III if ill ill l> I i la Hi (km la am at 1.888 units amkmt athsnrioa spseMlsd. All Dm MUnmM Contracts m .Hm fcX. 1.1 "Q ,n" (Ml
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  • Article
    In Kuala Lumpur
    1385 10 BID and offer price* official!) lilted and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of share* traded shown in brackets in ioU of 1,000 units unless otherwise specified. INDUSTRIALS Asms (1.40B). A J mama ts (2.1T8). Alesm (2 638 2
    1,385 words
  • Article
    GOVERNMENT BONDS
    161 10 4 3 i/4% 1/5/79 250.000) (100.6 0B 100.70S) 5 1/4* 15/10/79 (250,000) (10 1.188 101.2213) j 3/4* 1/6/78-90 250.000) 1(11.10B) 3/4* 15/8/80 (250,000) 103.658) 4 3/4* 15/9/80 250.000) (99 508 99.578) 3/4* 1/12/80 (250.000) (1 03.80B) 5* T F 15/4/81 (250,000) (U >1.50B) 5% T F 15/10/81 (250.000)
    161 words
  • Article
    CORPORATE BONDS
    149 10 B O T 8 1/2* 1981 (100,000) <100*E 101 *S) B O T 7 5/8* 1984 100,000) (968 B O T I 'looting 1984 100,000) (98*B 9 «*8) C Itob t 1/8* 1984 100,030) (96*8 LTCBJ 1 1982 (100.000 (99 *B 100S) Credit L> onnais Floating l') 83
    149 words
  • Article
    Stock options
    192 10 STRIKINI prices of the stock opt ions off icially listed on the Sto<ck Exchange of Singapore, the periods, bid and otter prices and businet done yesterday, with th. e number of op Cold Storage (March 81.70) (0.308 0.325). (June 81.70 > (0.328 0.375). C and C (Marc li—
    192 words
  • Article
    Unit trusts
    164 10 SINGAPORE UN IT TRUST INCOME BOND UNIT (Manager*' prion tar Feb 1) (Cumac pr t0M> The Commerce ITT 188 INCOME BOND 1.00 1.10 The Savins Fund 1.11 1.10 Spore Prot Fund S pore Security Fund 0.81 o.as MARA BUMIFUTRA FUND 180 170 prteM First Bumlputra for Feb 1)
    164 words
  • Article
    SHARE INFORMATION SERVICE
    2322 10 1*77/1*78 Hick Low 0-^ lsa Sals ■farGr's D*t DK C*vr Gf» Y*M Net P/K V«l C966) Day High Law SECTION ONE industrials 154 280 11* 248 88* 205 180 278 422 148 171 248 835 130 308 242 108 408 304 144 900 144 488 1*2 310.0
    2,322 words
  • Article
    CHICAGO BOARD OPTIONS
    1462 10 January 30 VOLUME on the Chicago Board Options Exchange expanded slightly to 78,085 contracts from 75,309 on Friday. Advances led declines *****3. OPTION A PL JLY OCT STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P
    1,462 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      43 10 The Love of inege ookitv A Wf*/ ■?S#yM 'I■y*, 4h IKJ y v t>' y 'k T L ,•#< >'. JHf .l v. I i 1 Pvl z i] 'V.K VR i£\ I .J' p <%1 Kenneth to XJEJrexefx CNmm wiy of iinlßj It* SUilttc
      43 words
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  • Article, Illustration
    Slight rise in volume
    646 11 SINGAPORE TRADING volume picked up slightly while prices ruled generally mixed on the Stock Eiehiai* ef Singapore yesterday. WkUe few firm spots were noted kere and there, a number of counter* fell heavily by as much as S per cent. Market okeei»ers attributed the mixed conditions
    646 words
  • Article
    K. Lumpur dull and sluggish
    488 11 TRADING <» the Kuala J Lumpur stock market t yesterday was dull and sluggish with prices closing a on an easier bias. I The market opened quiet- r ly with traders generally t cautious and wary of fresh commitments. With little Incentives In the market,
    488 words
  • COMPANY NEWS
    • Article, Illustration
      No clear general trend on SES last month
      1049 11  -  By CHAN BONG SOO IT MUST have been a big disappointment to Investors t that the rally noted on the Stock Exchange of 81nga- i pore Just before the turn of 1 he year proved to be a flash i in the
      1,049 words
    • Article
      Staff retrenched
      136 11 A STOCK BROKING firm, Lira and Tan (Pte), has retrenched 17 of its staff in an effort to cut costs in the face of dwindling business. Sources inside the company said of the 17, only two are trading room clerks while the rest were clerical staff. Some remisiers
      136 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      181 11 ROLLEI Singapore has appointed Mr Wolfgaag krumrey financial controller of the company. Mr Krumrey, a German national, was a former managing director of a medium-sized company In Berlin which produced electronic components, prior to being a commercial director of a railway equipment manufacturer in Berlin and Hamburg.
      181 words
    • Article
      DIVIDENDS ANNOUNCED
      197 11 4 }mat Ex Dale TeUlfcr TOULI tm 1 WTBMMt Data payaMe the peer jisvtsasj CCM 8o«th 25* Dec 10 Feb 2 42.5* as* nKtata CmmKM) y,i.,„ Via 150*(c) Jan 10 Feb IS ISO* Sooth ■Ml n Htiiju m tec(M) (c) Jah 10 Feb 15 90* MTC Tnm 3M
      197 words
    • Article
      Petaling sees better earnings ahead
      314 11 PETALINO Tin will better Its 1976/77 earnings for the current year ending Oct 31, 1978 If the tin price holds at Its present level. Indicating this at the company's annual general meeting at Ipoh, the chairman, Mr Yong Pung How. adds that this forecast will
      314 words
    • Article
      LATEST RESULTS
      41 11 KHONG Guan Flour Milling: Oroup pretax profit $221,565 ($l.Ol million) foe the first half year ended Oct 3i, 1977. r: Sales $8.11 million ($12.20 million). Parent company pre-tax profit $280,431 I.Q). million) on sales of $0.63 million ($11.02 million). '<
      41 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      1049 11 China trade... a US$2O billion goldmine Here's how you can tap it In a scries of bold moves, China's new leadership has embarked on an ambitious economic development program aimed at accomplishing the modernization of the country's industry, agriculture, technology and national defence. According to senior officials interviewed in Peking,
      1,049 words
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  • Article
    Lock icon Kuwait urges oil payment switch
    220 12 Reuter. OPEC should search for other means of oil payments If the «alue of the US currency Is not maintained. Three Kuwaiti and one Saudi newspapers quoted Kuwaiti Oil Minister, Abdel Muttaleb Al-Kaziml as saying so. "Opec should tell the US It has to maintain
    Reuter.  -  220 words
  • Article
    French bank to aid Indonesians
    115 12 CREDIT Lyonnais of Paris and Pan Indonesia Bank have signed a cooperation and technical assistance agreement. The agreement, under which Credit Lyonnais will second its senior staff to Pan Indonesia, is the first of its kind signed in Indonesia by a French bank. Credit Lyonnais
    115 words
  • Article
    Lock icon One-stop agency to help KL investors
    639 12 SPEEDY PROCESSING Reuter, AFP. THE MALAYSIAN government is planning to set up a centralised "one-stop agency" to stimulate Investment by foreign and local investors. Prime -Minister Datuk Hussein Onn announced In Kuala Lumpur yesterday on opening the 54th congress of the International Association of
    Reuter,; AFP.  -  639 words
  • Article
    Lock icon Japanese trade surplus notches up $6b record
    546 12 Reuter JAPAN'S visible trade surplus last December rose to a record high of U552,675 billion (556.23 billion), from $1.61 billion In November and $1.65 billion in December 1976. The Finance Ministry, in a revised report, said surplus was slightly down from the preliminary
    Reuter  -  546 words
  • Article
    THE INDISPENSABLE INSURANCE BROKER
    890 12  -  By SIVA ARASU AS THE world gets more complex, specialisation is Increasingly becoming the order of the day. To link the many fields of expertise, more and more specialists providing expert services have emerged. And insurance brokers are among those whose specialised services are meeting growing
    890 words
  • Article
    LONDON STOCKS
    728 12 LONDON, Tues. The stock market closed mostly easier after Irregular movements. Sentiment was undermined by continuing fears of challenges to the government pay guidelines this week. Government stocks closed mostly easier but a shade off the bottom. Dealers said there was some heavy selling this morning in an
    728 words
  • IN PARLIAMENT
    • Article
      Amendments to give PUB flexibility
      524 12 A BILL passed yesterday •111 provide for improvements to the Public Utilities Act, as recommended by the Auditor-General. In moving for the second reading of the Public Utilities Amendment Bill, 1978, Mr. Llm Kim San, Minister for National Development and Communications, told the House that
      524 words
    • Article
      SUBSCRIPTION TO ADB
      223 12 PARLIAMENT yesterday vapproved a US$l6.BB million (5139.33 million) Increase in Singapore's subscription to the capital stock of the Asian Development Bank, bringing the Republic's total subscription to U5529.38 million. The approval came by way of a motion moved by the Finance Minister, Mr. Hon Sul Sen, who
      223 words
    • Article
      When HUDG will buy
      340 12 THE Housing and Urban Development Company (HUDC) will consider sales offers by private developers If the housing units are suitable and the prices reasonable. This was stated by Dr. Tan Eng Liang, the senior Minister of State for National Development, at yesterday's sitting of Parliament. He
      340 words
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