The Business Times, 2 February 1978
1978-02-02
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The Business Times
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Title Section11 1978-02-02 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURSDAY, FEBRUARY 2, 1978 50 CENTS11 words
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BRIEFLY...
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Article57 1978-02-02 1 ECONOMIC and commercial officers from American embassies In the East Asian region will hold their annual conference In Singapore this month. Officials from Washington mil also attend, a US embassy source said here yesterday. American businessmen are expected to air their views on President Carter's proposed cancellation57 words
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Article77 1978-02-02 1 AFP GENEVA, Wed. Five of the 13 members of the Organisation of Petroleum Exporting Countries met here today to try and restore order In the pricing of heavy crudes. The meeting was attended by the oil ministers of Saudi Arabia. Iran, Iraq, Kuwait and Venesuela, Opec's topAFP - 77 words
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Article71 1978-02-02 1 AFP JAKARTA, Wed. The Trade Department is giving coffee exporters 180 days effective Jan 24 to comply with a new government regulation requiring all coffee exported to meet export quality standards. The regulation requires exporters to have their Eoods tested by government-appointed iboratorles and acquire a certificate ofAFP - 71 words
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Article64 1978-02-02 1 AP BRUSSELS, Wed. The Belgian National Bank lowered Its discount rate by one per cent to 6.50 per cent effective tomorrow. All other rates have also been lowered accordingly. This cut Is prompted by the continued quietening of the European monetary market after the December turmoil whichAP - 64 words
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Article56 1978-02-02 1 UPI TOKYO, Wed. Japan's reserves of gold and foreign currency rose to a record level of U5523.37 billion (Sss4 billion) at end-January. Finance Ministry sources said the holdings grew by $527 million, mostly because of Intervention by the Bank of Japan in the Tokyo foreign currency market InUPI - 56 words
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Article46 1978-02-02 1 UPI LONDON, Wed. Bulk shipments of scotch whisky made faster headway last year than bottled. Total exports Increased by 2 per cent compared with 1976 to 93,885,000 proof gallons In volume, and by 17.39 per cent to £512.616 million (552.3 billion) In value. UPI.UPI - 46 words
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Article58 1978-02-02 1 AP KUALA LUMPUR, Wed. Yugoslav Minister for Economic Cooperation with developing countries, S. Andov said today trade and economic cooperation between his country and Asean would Increase In the near future. Although Yugoslavia trades more with Indonesia and Malaysia, It has plans to boost trade and economic relationsAP - 58 words
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Article75 1978-02-02 1 UPI WASHINGTON, Wed. The US balance of payments In trade went US$l.3 billion (552.99 billion) deeper Into deficit In the final three months of 1977. The Commerce Department said trade with foreign nations when measured on a balance of payments basis was $8.9 billion In deficit compared withUPI - 75 words
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Article58 1978-02-02 1 UPI NEW YORK, Wed. Stocks struggled for direction early today In moderate trading as Investors weighed a mixed economic news background. As a result, the Dow Jones Industrial average was off 1.64 points to 768.28 shortly before 11 a.m. (*****MT). Of the 1,359 Issues crossing the tape, <472UPI - 58 words
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Chief Price Changes
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Article, Illustration179 1978-02-02 1 RIMS Supreme Ce cm 271 +22 Mega Chen 105 +13* 9trmita Trading 545 +5 Jardlaee 190 +5 M»ia Rice 117 +5 CAC 271 +4 TaaChoo* 253 +3 lackctpe 204 +3 NBT 174 +3 FAN 352 +2 Foils Lies Hoe 189 -6 Trvaeh Mia m 555 -5 230179 words
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Article, Illustration613 1978-02-02 1 SOH TIANG KENG - Asian market crosses US$21b FOREIGN RESERVES AT $9B By SOH TIANG KENG SINGAPORE'S Asian dollar market has hit the US$2l billion (5548.5 billion) mark while its foreign reserves have climbed to nearly Bs9 billion. This is disclosed In the latest monthly statistical bulletin of the Monetary Authority of Singapore. Last613 words
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Article341 1978-02-02 1 THE DISCLOSURE of a $10.82 million civil suit against Central Securities (Holdings) by Malayan Produce Company one of two companies Involved In a $30 million palm oil crisis last year has produced swift response from the Kuala Lumpur Stock Exchange (KLSE). In a letter to341 words
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Article, Illustration850 1978-02-02 1 JOHN TAN - •r JOHN TAN A LEADING Internationa] buyer of consumer goods has told Singapore manufacturers they will never become competitive In the world market If they do not mend their ways. Product presentation is poor, and local manufacturers seem to have neither the vision nor the850 words
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Article282 1978-02-02 1 Reuter ASEAN Becr«Ui7-Gwra! Hartono Rekao Dharsono yesterday said he would not resign voluntarily to please the Indonesian government, hot would accept dismissal if it cane jointly front the Ave members. The 52-year-old Indene sian lieutenant general said he did not believe his decision would causeReuter - 282 words
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576 1978-02-02 1 TERESA LIM - lr TERESA LIM THE PORT of Singapore Authority has finally approved plans for a convention hall to be sited on the top floor of the Singapore Maritime Centre, which will be renamed World Trade Centre Singapore. It will also convert a huge godown, adjacent576 words
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Page 1 Advertisements
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Advertisement76 1978-02-02 1 a\\^OUT ott, Sewwte SU etooU |KW >* strategic -ocatior near Pan island f ip'ess*ay' Bukit Timah Road intersection b mne radius !o c', po r Jurong long term secure lease plan your enl1 r e ottice layout full container capacity .1 10 *1 full *a r ehouse capability no*sts lorniitls76 words
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Advertisement50 1978-02-02 1 mi TONGA MOVE! airline a OIL Mad rate for SINGAPORE Borfldiac Socfcty BOOM trad* with WHICH way will tfca wiad Mow ia Wall Straot UK oUnua pfcka Hvpn.. NEW tkrmkaU ia Atoaa MEMOPAO S. CROSSWORDS S, AIRCRAFT SCHEDULE S. WEATHER C. TV RADIO STRAWS Of THE WIND 7, BRIBTOW 750 words
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Advertisement86 1978-02-02 1 K BANKNMLU SAFE DEPOSIT SAFE V SEE PAGE Abl/vU 1 ASIAN INTERNATIONAL ACCEPTANCES CAPITAL LIMITED 1301 Hutchison House Hong Kong A member of the WestLß Group Monitor Money Service CALL ASIA We are pleased to inform our clients and market partners that with effect from Ist February 1978 we shall86 words
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TRADE AND INDUSTRY
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Article220 1978-02-02 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Jan 9Feb 2 8.D. Module m Elements of Industrial Engineering Hotel Royal Ramada NPB Feb 4 It 11 Telephone Techniques and Courtesies SIM Conference Room SIM 647 Marketing Strategy for Top Executives SIM Conference Room SIM 6—15 Material Store Accounting and220 words
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237 1978-02-02 2 AP THE US BwUimto Industrie# Association iipiwuJ U(k expectation* on Tueeday that its thowcaM conference hi Singapore earlier in January will open the door for safe of US communications products in South aast Asia. John Sodolski, vice president *of tha communications division of thaAP - 237 words
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Article75 1978-02-02 2 A SPECIAL trade envoy of President Carter will pay a one-day visit to Singapore tomorrow. Mr. Alan Wolff, deputy special trade representative, will meet government ministers and officials to discuss the mutilaterai trade negotiations now on in Geneva, the generalised system' of preferences, Singapore-US trade relations75 words
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Article455 1978-02-02 2 PETER CHIA - TWO TYPES OF INCENTIVES By PETER CHIA SINGAPORE, a constant seeker of foreign investment, Is now being sought after as an Investor. Tonga Is inviting Singapore businessmen to invest in the Pacific island, following the visit of a twoman government mission here last November455 words
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634 1978-02-02 2 Agencies JAPAN'S International Trade and Industry Ministry officials yesterday said Thailand's Import ban on luxury goods is virtually putting pressure on Japan to import more from that country. They said about 70 per cent of Thailand's trade deficit stemmed from Japan's lopsidedAgencies - 634 words
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260 1978-02-02 2 UPI THE Tokyo government will soon jive Hitachi, the co-ahead to export three large-sized computer* worth UBSIO.S million (8124.5 million) to China. The approval was delayed because of US objections, Industry sources said. The contract received by Hitachi in August 1970, calls for deliveryUPI - 260 words
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Article138 1978-02-02 2 Reuter ASEAN member states will hold a business forum in Manila in May to discuss the investment climate, laws and procedures of the five countries in order to encourage more foreign investment. It la hoped that many foreign businessmen will attend the forum, which will immediately precedeReuter - 138 words
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Article155 1978-02-02 2 Reuter PHILIPPINES Board of Investment governor Conrado Benches forecast considerable growth for the Philippines garment export industry but not on the scaTe as In Hongkong, Taiwan or South Korea. "We cannot think of It growing like that of Taiwan, where It now provides 50 per centReuter - 155 words
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Article, Illustration189 1978-02-02 2 INDIAN Jeweller, Mr. I. Choksey (above), shoving off a 22-carat gold necklace costing 53,300, part of his collection on display at the Indian Jewels Exhibition, National Museum, which ends today. From tomorrow till Sunday, enthusiasts may view and buy the jewelleries at the Oberol Imperial Hotel189 words
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Article213 1978-02-02 2 Reuter AN INDIAN Commerce Ministry committee proposed wide-ranging changes aimed at simplifying India's export and import trade regulations. The committee, reporting to the government, recommended that the office of Chief Controller of Imports and Exports should be streamlined, renamed the Directorate of Foreign Trade and givenReuter - 213 words
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164 1978-02-02 2 AFP THE coconut hybrid "Mawa", which has been successfully cultivated in many commercial plantations in Malaysia, has been singled out for mass cultivation In the Philippines. Mr Manuel Igual Jr., president of the Philippines Copra Exporters Association, disclosed this on the second day of theAFP - 164 words
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Page 2 Advertisements
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Advertisement334 1978-02-02 2 Sow boat I J from China ■f I*l 'J w iil v i <BsW^ CHINA TRADE QUARTERLY Far East Publications 1913, Hang lung Centre, Peterson Street, Causeway Bay, Hong Kong. ~Please enter my full subscription to China Trade Quarterly. I am enclosing a cheque/money order for US$2OO.OO or equivalent in334 words
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Page 2 Miscellaneous
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Miscellaneous468 1978-02-02 2 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I Diagram showing many an animal (9) Certain part* of unionist Btlclans! (5) let one refrasee (7) It Bridal transport (S) 11 Match woman (8) 12 Patrick'* machine (S) 11 Of outwardly black humour? (1) M A company's growth (3) 17 Point the wrong468 words
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OVERSEAS
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264 1978-02-02 3 A BLACKLIST of British firms which have breached current official pay policy has been circulated among government departments. The blacklist Includes instructions to exclude the firms about 10 from government contracts or financial assistance. Meanwhile, the stateowned British Rail Board yesterday tokl railway unions264 words
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479 1978-02-02 3 Reuter THE appreciation of sterling is raising concern In British manufacturing Industry over prospects for exports, the Confederation of British Industry (CBI) said. In its survey of industrial trends, the CBI said the rise In the exchange rate has eroded price competitiveness and mostReuter - 479 words
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216 1978-02-02 3 Reuter BRITAIN broke up efforts to establish a common fisheries policy for the EEC on Tuesday night in Brussels by refusing to accept proposals which the other eight partners have agreed to. But fisheries ministers were prepared to abide by EEC rules andReuter - 216 words
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1331 1978-02-02 3 Reuter Reuter NYT CHARLES BCHULTZE, chairman of the presidential Council of Economic Advisers said he estimates that US economic growth In 1079 will slow to between 3.25 and 3.75 per qent if the administration's UBS2S billion (8*58.25 billion) tax cut proposal is not enactedReuter; NYT - 1,331 words
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246 1978-02-02 3 ONLY about 2 per cent of Britain's factories are affected by strikes each Kir, according to the partment of EmployA survey, published oa Jan 25 in the department's gazette, show that la 1974 and 1975, an average of 97.7 per cent of plants246 words
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916 1978-02-02 3 Reuter THREE leading copper users Japan, the US and the EEC and an Important exporter, Australia, advocated setting up an inter-governmental produ-cer-consumer body to tackle world problems of oversupply and low prices. The four supported the concept although In varying degrees at a seriesReuter - 916 words
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Article222 1978-02-02 3 AP A GROUP of British, French, Oerman and Japanese firms has presented the Venezuelan government with concrete proposals to set up a multlmllllon dollar steel complex in the country. The complex, which would have a production capacity of approximately 1.3 minion tonnes a year andAP - 222 words
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Article78 1978-02-02 3 Reuter VENEZUELA will sign a US$l.2 billion (SS2.B billion) 10-year Euroloan in London tooay, Manufacturers Hanover Ltd. said as joint lead manager. Venezuelan Finance Minister Luis Jose Luongo arrived In London yesterday to sign the loan, which carries an interest margin of 3/4 per cent over London's interbankReuter - 78 words
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Article94 1978-02-02 3 UPI THE Soviet Union has bought another 300,000 tonnes of American grain, the Agriculture Department announced in Washington on Tuesday. The deals, which were reported to the agency by private exporters, included the sale of 150.000 tonnes of wheat and 150.000 tonnes of corn. The cornUPI - 94 words
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Article969 1978-02-02 3 NYT THE TIME draws near for the expected Installation of a new chief at the US central bank In Washington. Discussions continue throughout the financial and business world about the probable significance of the change, as well as the legacy that the outgoing chairman of theNYT - 969 words
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WORLD IN BRIEF
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Article493 1978-02-02 3 Agencies THE Senate banking committee approved a bill authorising US participation in the international Monetary Fund's Wltteveen facility and sent it to the full Senate. THE House banking committee has approved a similar bill, which may be brought up in the full House later this week.Agencies - 493 words
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176 1978-02-02 3 Reuter MATURITIES of future German public authority domestic bond issues should be further lengthened as there Is little room for a cut in nominal Interest rates. Bank Fuer Gemelnwlrtschaft's spokesman Dlether Hoffman noted the 850 million Deutschemark (***** million) Federal Railway bond. IssuedReuter - 176 words
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Article38 1978-02-02 3 THE volume of orders placed by French retailers is beginning to pick up as a result of some firming in demand, the National Statistics Institute said. The retailers foresee moderate price rises over the coming months.38 words
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Page 3 Advertisements
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Advertisement44 1978-02-02 3 BE REPRESENTED IN SCANDINAVIA through well established industrial company with strong links to shipping and offshore in Scandinavia Interested in establishing contact with serious Singaporean business companies for agency import export. Managing Director now in Singapore. Please reply to Box No. 5245 Business Times.44 words
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Advertisement130 1978-02-02 3 "MY NEW BIFOCALS HAVE NO LINES. AND WHO NEEDS MORE LINES?" > -1 BIFOCALS WITHCKIT LINES. Those bifocal lines that added another five years to your age have disappeared. AOUTE Cllt ravue lenses have no lines, you can see ctearfy close up. far off and everywhere In between. There s130 words
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RAW MATERIALS
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Article479 1978-02-02 4 AFTER opening higher, prices in Singapore yesterday advanced three cents on February demand which went to a one cent premium over March. Short-covering and local speculative buying coupled with news that South Korea plans to stockpile rubber also aided sentiment. Profit-taking at the high levels479 words
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Article23 1978-02-02 4 Rubber: Fab 1: February 2SS.M easts (<V J. 71 casta) Malaysia: rinesil -n»: (u* Official eftrlac: 253 fmnea (dowa U toaaee)23 words
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Article157 1978-02-02 4 Prlcei in cents per kilo yesterday: Noon Close (per kilo) (par kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 204 23 204.75N 203 25 203 7JN Int 1 R.S.S. February 204.23 204.50 203 50 203 79 Int. 1 R.S.S. March 203 25 203.50 202.50 202.79 Int157 words
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Article69 1978-02-02 4 NOON SSR and SMR prices yesterday HAS February (Comal Mtk) (F« Buy# March rwartMtfc) n Sdksn |MU pvkg) aupwkg) SSR 20 (1-ton pallet) 194 50 199.SON 195.50 191 SON SSR 50 (1-ton pallet) 102.50 194.SON 193.SO 195 SON SMR 20 1 ton pallet) ***** 196 SON 196.3069 words
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Article59 1978-02-02 4 C I F. US dollars per ton. LONDON: Tuesday Prrrt—« Malaysian 5% ffa bulk 495slr April unch Sumatra 5% ffa bulk Jan MOslr 530/535 pd Feb 542 50slr 540»lr March 52Salr 522 SOslr April 507 SOslr SOSalr May 402 SOslr 492.50alr June/July unch 475/477.50 pd ROTTERDAM Sumatra 53Salr59 words
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Article331 1978-02-02 4 SUOAR futures in London yesterday opened £0.70 to £.025 per tonne down from Tuesday afternoon's closing levels. Turnover totalled 488 lots. Dealers said values sagged slightly Initially but some trade support and speculative buying halted the decline. There was no fresh news and the market soon quietened and settled331 words
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Article366 1978-02-02 4 BARBLY steady conditions prevailed in quiet trading at the Singapore produce market yesterday. A softer tendency was seen In the coffee sector due to the withdrawal of demand from roasters and the lack of physlca l uptake. Uncertainty about the sales policies of some countries, particularly Mexico, also366 words
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Article386 1978-02-02 4 ROBUSTA futures In London yesterday opened mostly £12 higher to £1 per tonne lower, with distant untraded Jan down £57 from Tuesday night's close. Turnover was 141 lots and the official tone "slightly steadier". The market steadied on local dealer buying in the near Months after initial losses of386 words
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Article192 1978-02-02 4 THE BTRAITB tin price In Penang yesterday rose Mf3o to f1,006 per plcul, on an official offering down 40 tonnes to 232 tonnes. Dealers reported strong buying Interest from Europe, Japan and the UB, resulting in rationing of between 30 to 40 per cent. In LONDON yesterday, tin192 words
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Article93 1978-02-02 4 LEAD finished the morning with losses of mostly C 8.50 In London yesterday. The market failed to sustain a rally from the recent low of C3lO per tonne for Three Months. Tuesday's higher levels attracted profit-taking and renewed liquidation on the pre-market from 1326 down to 1320, but prices93 words
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Article342 1978-02-02 4 TERMINAL cocoa lost £18 to £5.50 per tonne, partly against New York at the opening. In London yesterday. Dealers said sentiment may have been further influenced by fresh Ivory Coast origin selling and associated terminal hedgMarket sources said most West African origins appear to be undersold for the time342 words
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Article210 1978-02-02 4 THE MARKET yesterday closed slightly easier in dull and featureless trading, reflecting market uncertainty over Soviet sugar buying talk. Dealers said March and May were the only Months traded, which eased 0.00 and 0.03 US cents, respectively. Turnover dropped to nine lots against 17 on Tuesday. The Hongkong210 words
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Article126 1978-02-02 4 EXCEPT for Maize which was quoted unchanged at US$llB/117 per tonne from the previous day, rice prices were unquoted in BANGKOK yesterday. Prices quoted on Tuesday (In US dollars per tonne fob »basls Bangkok) are as follows: While rice: 100 pet lit clue 370.100 r A 2nd clue 356.1126 words
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Article189 1978-02-02 4 A LACK of buying Interest weakened soybean futures and the market pressed downward for losses of 5* to 4*4 cents a bushel, in Chicago on Tuesday. Little demand appeared in initial dealings, prompting local selling which sent prices lower Professional and commission house selling contributed to the decline. Light189 words
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Article101 1978-02-02 4 WHEAT futures continued to weaken in Chicago on Tuesday, adding to 5H cents a bushel to Monday's losses of several cents. An absence of Initial buying interest sent prices lower on local selling and prices weakened further on computer selling by a commission house. Commission house stop- loss selling101 words
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Article309 1978-02-02 4 COPPER wire bars on the morning lost mostly t'4.50 in London yesterday. The market was fairly subdued in the ring at around C 643 for Three Months after slipping on the p re-market under scattered selling, which dealers felt was probably In anticipation of other US producers following Kennecott's309 words
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Article136 1978-02-02 4 SILVER rose 1.8 to 1.9 pence per troy ounce in London yesterday. The overnight gains at New York and firmer gold prompted covering and a little fresh buying, trade sources said. Carries, however, accounted for the greater part of the turnover of 113 lots. On Tuesday, silver on the136 words
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Article108 1978-02-02 4 ZINC closed the session In London yesterday with losses of £8.25 for cash and C 7.50 for Three Months on the pre-markt. Short-covering steadied values In the ring but the pace of trading was slow. Sales were 500 tonnes. On Tuesday, zinc closed with gains of £3 for cash108 words
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Article323 1978-02-02 4 THE KILOBAR In Singapore yesterday opened ***** higher at 8813.314. following the strong New York close on Tuesday. The market, however, closed lower at 8113,280. In the London market, the metal opened at U*****.50/80 and closed at US$l7B.lO/40. The London morning fix was US$l7O.OO, down 85 cents from the323 words
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MONEY AND EXCHANGES
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Article603 1978-02-02 4 THE US dollar rose strongly on the forex market yesterday, particularly against the Deutschemark and the Swiss franc, but remained unchanged against the Singapore dollar. The local money market remained highly liquid and rates remained In the 3-34 per cent range for overnight funds. The German mark declined603 words
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Article56 1978-02-02 4 ACBC 7 First Chicago > UfMMM Bilk 7 Bangkok Bilk 7 Buk of Afki 7 Bank of China 7 Bank of Tokyo 7 Bank No«nra Citibank 7*4 H8BC 7 Iadoooaa 7H Malayaa Banking 7 Mitaui Bank 7 OCBC «H Indonaoia 7"/, OUB 7 UCB 7H Chase Manhattan56 words
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Article124 1978-02-02 4 Asian rates ASIAN currency deposit interbank rates u at claw on Feb 1: I'SDatUrtBpeO 7 days 1 rath 2 mttu 3 mini mttu mttu 12 mttu i 7 1/1 71/1 7M 7V« 7 IS/16 Bm. Fn. 77/» 7 7 71/4 7M 7 1VII 77/t Dm. 1 mUi 3 mUu BtlU124 words
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Article42 1978-02-02 4 RANQE of prteo offered by dtacou houaei on reb 1: Overnlfht 2* to JW* Call deposit: 1* B.rWMN 3-Month Tremsiry MUs J-Month Bank* Mill 3-Month CD Month CD J-1/4 3-1/S 4-7/» 4-1/4 5-1/1 S S-9/M S-7/U Source: National Discount Co. Ltd.42 words
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Article110 1978-02-02 4 Euro rates LONDON Eurodollar deposit rales generally eased on small business yesterday with lack of rollover requirements at the turn of the month also helping to push levels slightly lower. One Month opened virtually unchanged despite being a Friday end of period as this position is on a Friday to110 words
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Article56 1978-02-02 4 THE MONETRY Authority of Singapore invites banks and discount houses to tender a total of Ss2o million 91-day Treasury bills to be Issued from Feb 6 to Feb 10, and a total of SSIO million 182-day Treasury bills to be Issued on Feb 10. Each tender must56 words
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Article225 1978-02-02 4 THE DOLLAR yesterday opened firmer in very quiet trading here partly reflecting the higher New York close. Remarks by US Treasury Secretary Michael Blumenthal that he expects the US trade deficit to fall by the year end from last year's $26.7 billion have led some operators to be more225 words
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Article134 1978-02-02 4 THE DOLLAR finished firmer against major currencies on Tuesday after fluctuating throughout the day in fairly quiet trading. Sterling eased to close at U551.9470/9500, compared with Its opening of 1.9510/15, after trading In a relatively narrow range. The Swiss franc declined to 50.40/50 cents from Its opening of134 words
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Article107 1978-02-02 4 THE DOLLAR for overnight delivery yesterday closed at 241.58 yen, up from a 341.50 opening but lower than 241.74 at Tuesday's clow. Dealers said trading was active with volume $247 million. No Central Bank Intervention was detected, they said. After opening lower, the dollar rose to 241.85 as Japanese107 words
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Article109 1978-02-02 4 THE US dollar yesterday closed slightly weaker compared with New York's closing levels overnight but was little changed from opening levels here In very slow trading. Sterling firmed to U551.9495/505 from 1.9470/500 In New York while the dollar slipped to 2.1075/90 marks from 2.1100/25 and to 241.35/55 yen from109 words
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Article273 1978-02-02 4 EUROBOND prices qOoted on ret) 1: Straight* BM Oflhr Shell SW M M.M 87 25 8NCF 8*fc M M 75 M M Total Oil (t«S*84 M.37 M 12 mstf8%87 M.2S IM.M Courtaulds UhN M.37 87.12 HS«(MK M.M M.75 rtsonsstt 10 87 100 75 101 50 IncoSM M.M 87.28 IncoStoM273 words
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Article74 1978-02-02 4 ZURICH exebanen clodng quotes on Jan 31: us 1.1782 trm Ml J 8552 85M Can 1 7822 7835 O Mk H .1M2 M12 D n 87.47M 5687 F Ft 41 71M 7MI B rr I.MM 0SM O Kr 34 9828 SIM N Kr IS.MM S7S1 B Kr 42. SB)74 words
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Article44 1978-02-02 4 FRANKFURT exchanges opening quotes on Feb 1: US *****/25 (lirMl Can 1 tOOO/tIOO St« 4 112/120 Orl (2.22/33 S Ft 1H B/H Ut 2 433/440 F Fr 44.40/50 N Kr 41.M/M B Ft (eon) 0.44&/400 B Fr (flnl 4 45/40 Ten 0 1730/3044 words
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Article53 1978-02-02 4 AUSTRALIA/ NZ exchanges on Jan 31: AUSTRALIA: US dollar 1.1400/1 1362 SUrtlnf 0 9073/0 9N3 Ninety-day air mall buytnc rates: StefUnc 0.0000 US dollar 1.1700 Ninety-daMorward buying rata*: US dollar 1 I*4l NEW ZEALAND StarUnf 0 5204/0 3237 US dollar 1.0875/1.007S Ninetr-day airmail buylnc rates Stenins 0 3302 US53 words
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Page 4 Advertisements
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Advertisement167 1978-02-02 4 ItT V MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken ploce in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin167 words
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TRANSPORT
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504 1978-02-02 5 AFP TflE British government Is being urged to abandon plans to supply India with si* cargo liners worth about £52 million (*****.6 million) under its aid programme to that country. •Mr. Peter Walters, president of the Qeneral Council or British Shipping, saidAFP - 504 words
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228 1978-02-02 5 Reuter UNITED Airlines proposed the most sweeping cut-rate fare proposal yet in the escalating domestic air travel price war. United will seek government permission to offer discounts of about 40 per cent for mid-week travel and 30 per cent on weekends, on allReuter - 228 words
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Article78 1978-02-02 5 AFP A 49-YEAR-OLD Swedish economist, Mr. Carl-Olov Munkberg, was appointed new president of Scandinavian Airlines System (SAS), on Tuesday. The airline is run Jointly by Denmark, Norway and Sweden. He will take over this autumn from Mr. Knut Hagrup, a Norwegian who has held the post sinceAFP - 78 words
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Article, Illustration262 1978-02-02 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge LS 74 (P/O) (1400 subject gas free) 14 Barge LB 86 (P/O) (1400 subject gas free) 13 Dalhaku Maru (1700 Request Starboard to) 25/26 King Dragon (0600) 23 Ocean Supply (1000) 48 Palm Sea Horse (0300 P/O) 15 Perak (2100) 21262 words
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Article, Illustration520 1978-02-02 5 GOH ENG KEE - By GOH ENG KEE THE PROSPECTS of the airline Industry returning to uniform commission rates depend largely on the outcome of a US Civil Aeronautics Board investigation'. This was disclosed by Mr. Knut Hammarskjold, director general of the International Air Transport Association at the520 words
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154 1978-02-02 5 CATHAY Pacific Airways (CPA) yesterday changed the schedule of its all-cargo freighter to accommodate one more destination Kuala Lumpur. A CPA statement said the change means that the freighter departs Hongkong to arrive in Singapore at 1.45 pm on Tuesday and leaves for154 words
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Article61 1978-02-02 5 SINGAPORE and Iran will sign an air services agreement at the Ministry of Communications. PSA Towers, this morning. Mr. Ong Teng Cheong, Senior Minister of State for Communications, will sign the agreement on behalf of the Government while the Iranian government will be represented by Mr.61 words
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734 1978-02-02 5 PORT Klang is to update and improve its facilities. For a start it has secured a M 511.2 million loan from the Malaysian government to finance the construction of a 45-metre stern ramp and the purchase of complementary facilities to service the734 words
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Article192 1978-02-02 5 AFP TIME-charterlng still overshadowed a dismally slow single-voyage market which proceeded at a sluggish pace on Monday because of slow enquiry development In key trading areas such as the North American grain market. North American grain rates, on the few occasions that fixing did take place, becameAFP - 192 words
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Article79 1978-02-02 5 AP IRAN may lend India 2 billion rupees (over Sssl7 million) for the Rajasthan Canal project In north India. The Financial Express quoting the State Chief Minister on Tuesday said the Shah of Iran, during his visit to India, which begins today, will fly overAP - 79 words
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Article182 1978-02-02 5 THREE brand new ro-ro vessels owned by Seaspeed Services are plying between Japan, Singapore, the Persian Gulf, the Red Bea. the Mediterranean and the US East Coast. Kim Shipping and Trading In Singapore is the general agent for Seaspeed. The vessels call at Kobe, Yokohama, Singapore, Dubai, Daman,182 words
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Article695 1978-02-02 5 ARRIVALS Sarrica Load Operator Nam bar Tteo Ft— OLA OA 980 1030 HLP CPA CX710 1035 HLP SIA 8Q209 1045 HLP OIA OA944 1055 PKU OIA OA 906 1100 ME8 MAS MH805 1100 KUL PAL PR501 1125 MNL RBA BI325 1155 BWN OIA OA 982 1200 HLP695 words
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Article174 1978-02-02 5 UPI BRITISH Airways will have to cut 1,000 charter flights with 100.000 potential seats from the market In the next 12 months, as a result of losing a battle with the government. It also 1 means a loss of £6 million (SS27 million) In revenue. TheUPI - 174 words
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Page 5 Advertisements
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Advertisement139 1978-02-02 5 ~fcv Don t let the language barrier stop you from wider or. >; contacts J* r I L* p v Kti \e m s it* 1 \e \0 n \N cN S 6X %0 o 40P» i M r-- i I &s YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it139 words
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Article515 1978-02-02 6 THE SINGAPORE government has been active In Important areas of the economy, particularly In those sectors which could make a great deal of difference In terms of economic growth and development. One area, however, where It Is felt the government has done* less515 words
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Article244 1978-02-02 6 IN THE MAO rush of the business world, decisions &re always to be preferred to uncertainty. For this reason the decision to rename the Singapore Maritime Centre, World Trade Centre Singapore, Is to be welcomed. At least we now know what the building Is called.244 words
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Article, Illustration2276 1978-02-02 6 Our Reporter - iy Our Reporter AFFLICTED with worldwide race— capacity, the oilseed crushing industry is now beset by the twin problem of rising seed prices sad falling product prices leading to a narrowing of an already thin'profit margin. This grim picture of the industry was2,276 words
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Page 6 Advertisements
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Advertisement686 1978-02-02 6 snoapura FORUM gj HOTEL IBC (Mud Road, S'pors I. Tel: *****2 406/407 Havelock Road, B'pore 3. Tel: *****1 Orachid inn "an o«*H in th« ortant" 214 Dunearn Road, S'porc 11. Tel: *****2 V 7 Oxley Rise/ Phub| Road, S'pore 9. Tel: *****1 SNGAPORE HLTON MI Orchard Road, S'pore Tel: *****3686 words
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Page 6 Miscellaneous
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Miscellaneous88 1978-02-02 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Fair. For the period Feb 1 to Feb 15, it is likely that, except for isolated showers on a few afternoons, Singapore should be affected by dry weather conditions. Report for 24 hour* prior to 7.30 pm on February, 188 words
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Miscellaneous287 1978-02-02 6 TV& RADIO SINGAPORE 5 3.00 P.M. Opening announcements followed by the Beverly Hillbillies Bonnie, Flatt and Scruggs '•> 1 Repeat) 3.30 Diary of Events (Chinese) 3.35 .Eight Heroes of Shou Lin (Repeat) 0 4.20 Intermission 6.00 Opening announcements followed by Lassie Barney 6.30 News in Brief 6.35 Warna Warni (Malay287 words
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784 1978-02-02 7 JULIAN KERR - •y JULIAN KERR Reuter JAPANESE BUSINESSMEN are continuing to lavish staggering sums on expense-account entertainment, recession notwithstanding. Depending on rank, anything from the cost or a Utllatlng hour at so-called Osawarf (Touching) Cabaret to the price of a golf club membership rangingReuter - 784 words
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Article, Illustration1020 1978-02-02 7 JOHN TAN - TRADING WITH COMECON By JOHN TAN DESPITE Singapore's very Intensive marketing efforts to the Soviet bloc countries in Eastern Europe, exports to thbse countries are still disappointing. Although Singapore enjoys a substantial trade surplus with the bloc, most exports are In basic commodities which1,020 words
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Article, Illustration696 1978-02-02 7 ROTARY CLUB of Singapore member Myra Cresson owned up recently In an ur\guarded moment, as reported by the Club's Bulletin. When a young girl at Sunday School over half a century ago. she was asked by the nun in charge, "Myra, which Is your favourite hymn?"696 words
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Article917 1978-02-02 7 DEBORAH RANKIN - [FOBPM, r 0D accounting k By DEBORAH RANKIN THE FINAL months of the year are often accompanied by a flurrv of corporate bombshells announcing the write-off of unprofitable plants or product lines. The latest rash of disclosures headed by the announcement of O.D. Searle «i Company917 words
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Page 7 Advertisements
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Advertisement405 1978-02-02 7 I p SB3* V I ;f?4 S5 r* Chabot napoleon \rmagnac s.u tin s > I k» 1 <> i*ZSy 1 rwc Lv Zli k 3 HOTEL MERLIN SINGAPORE 7SOO Beach Road, Singapore 7 Tel: *****11 MING COURT HOTEL Tanglin Road. Singapore 10 Tel: *****3. HOTEL MIRAMAR 401 Havelock Road,405 words
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Page 7 Miscellaneous
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Miscellaneous44 1978-02-02 7 BriStoW.' Dickens necf ci ajcc mrv\no p\ fep\iui umu> Time neee fvr FUNBOfS sur Lf\ PtfNGe Tne CifcsT DRV \jo€JsiT on T*e T&UR i uienT "fc> "Vie mnSKEp BflU.. -rv Somm»NG it up i donT know uJHepe. I've Bees OR uho vve mer. IT44 words
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INTERNATIONAL STOCK MARKETS
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Article361 1978-02-02 8 HONGKONG: The Mock market closed slightly easier on continued local selling, In fairly quiet and featureless trading, dealers said. Hang Kong Buk fell 10 cents to 16.&0 and Haag Kong Load and HatcUioi WWiwt* lost five cents each to 0.55 and 3.50 respectively. Wh—lnch Mardon roae 2.5 cents to361 words
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Article486 1978-02-02 8 TOKYO- Share prices closed higher yesterday in active trading led bv public works issues following Parliamentary approval of a second supplementary budget for fiscal 1977, dealers said. The Dow Jones average rose 26.80 to close at 5.138.47 with volume of 470 million shares. The New index closed at 383.31,486 words
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Article312 1978-02-02 8 SYDNEY: Share prices fell sharply yesterday with uncertainty about Interest rates affecting sentiment. Banking stocks retreated with talks still underway with the Reserve Bank on reductions in home lending rates. Properties, sugar, brewers and retailers also fell as did minings except for Pancontinental which rose 50 cents to ASIO.BO.312 words
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Article140 1978-02-02 8 MANILA: The stock market Closed mixed yesterday with mining and oil averages posting slight gains while commercials declined, dealers said. Turnover rose to 1.51 million pesos from Tuesday's 1.20 million. FEB 01 Pesos Acoje Mining 0076 unch Atlas Con. A 14.20 +0.2 Atlas Con B 14 20 +0 2140 words
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Article152 1978-02-02 8 FEB 01 Bahu Asia Fibre 291 ♦2 Bangkok Bank 307 -I Bangkok Invest. 414 ♦4 Bangkok-Metro-politan Bank Berll Jucker CarpetIntnl Charoonf Thai 370 +10 Wire Dumex Duslt Thanl Faber Merlin Flrat Trust Genera Finance Indo-Thal Industrial Finance 308 +33 1071 +138 421 Corp 2505 20 J And J Ho152 words
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Article338 1978-02-02 8 AMSTERDAM: Share prices closed narrowly mixed with a lower bias on Tuesday, dealers said. In Dutch internationals, Unilever and Royal Dutch edged higher. Hoogovens and PkiUpa were unchanged and Akso closed lower. In the rest of the market most insurances closed higher, while banks were unchanged to lower. Shippings338 words
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Article152 1978-02-02 8 BRUSSELS: Belgian share prices were mixed In moderate trading, bourse sources said. Vieill* NmU|m, HdssslSambre. Ctatlra, CBR and Tslis i afca Horn while BMr«, Asturieaaa, Uaiaa Mialera, HoDokea, Clakecq. Socfln, Solvay, Ttiieidtrlt* and Flsmmn feU. In foreign stocks. Germans and Dutch were UtUe changed. US and French mixed. Oold152 words
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Article330 1978-02-02 8 FRANKFURT: Shares closed generally mixed on some selling pressure on Tuesday, after opening firm under the Influence of Wall Street, bourse sources said. Stores fell led by Karstadt, which dropped lfl marks In continuing reaction to its statement that 1977 earnings will be significantly below those for the previous330 words
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Article391 1978-02-02 8 PARIS: Shares eased on lack of business on Tuesday, traders said. However. In weaker electrlcals DBA was withdrawn at the upper limit after Lucas Electrical said it agreed, subject to French Kvernment approval, to pay 1A UBS26 million for the 51 per cent of Ducallicr at Cia It does391 words
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Article1080 1978-02-02 8 NEW YORK: A reduction In U8 Steel Carp's dividend rate reversed an earlier stock market advance and sent prices lower in active trading. The dividend cut to US 40 cents a share from 55 cents, affecting about a quarter of a million shareholders, came on top of Big1,080 words
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Article1491 1978-02-02 8 January 31 ON the Chicago Board Options Exchange, a total of 80,967 contracts was traded compared with 76,085 contracts on Monday. OPTION APL 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 Bank Am1,491 words
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Article142 1978-02-02 8 MILAN: The market showed widespread gains In slightly more active trading on Tuesday, bourse sources said. Caairate Immobiliara gained sharply on optimism that banks will accept rescue plans for the firm. Moatcdiaaa. Anic and Saia Viacaaa alt gained In chemicals. Both PiraUla gained but both Oilvauia were easier against142 words
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Article368 1978-02-02 8 JOHANNESBURG: Golds were generally easier In quiet trading on Tuesday ahead of the IMF gold auction, dealers said. Heavyweights Vaal Reef» and Hartie* rose 115 and 20 cents against the trend to 2.375 and 2.010 respectively, but elsewhere losses ranged to 50 cents. Financial minings were little changed, while368 words
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Article309 1978-02-02 8 ZURICH: The stock market continued slightly higher In fairly active trading on Tuesday. stimulated by Monday's firmer Wall Street close, -dealers said. Some markedly firmer stocks Included Elektro-Watt, For bo 'B', Ciba-Geigy participation certificates and Saados registered, and a few high yielding shares like Italo-Suiaae, Pirelli and Sued-Elaktra. Leading309 words
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Article210 1978-02-02 8 The market report was unavailable. JAN SI CI Abitibi 10*. Alian 26'. Algoma 14% Bunk Muni 17S Bank Nova Sc otia 18*. Bell Tel 52 -S Beth Corp BP Can Lid 14S Brascan 14% Camp Red Lake 40'. Can Imp Bk 23'* Canpac 16'. Canpar Inv Pf 16 %B210 words
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Article64 1978-02-02 8 FINANCIAL TIMES INDUSTRIALS Tuesday 487.0 Monday 470.0 Week Ago 483.4 DOW JONES AVERAGE INDUSTRIALS Tuesday 788.92 Monday 772.44 Week Ago 771.57 LONDON DOLLAR PREMIUM Tuesday 72* to 73%' Monday 74 V4 to 75 J H.K. HANG SENG Tuesday 405.32 Monday 408.74 Week Ago 410.18 SYDNEY INDUSTRIALS Tuesday 413 8464 words
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Article103 1978-02-02 8 MONTEFIBRE BPA, synthetic fibres subsidiary of Montedison SPA, has told employees It can only pay them half of their January salaries, a spokesman said in Milan. Payment will be made at the end of this week. Instead of last week as It should have been103 words
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Article91 1978-02-02 8 AMERICAN Can Co. said a strong performance In consumer products and distribution helped boost Its fourth quarter profits by 20 per cent and Its annual profits by 17.3 per cent. The company said lts~ fourth quarter profits totalled U5522.9 million ($1.30 a share), against* $19.1 million ($1.03)91 words
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Page 8 Advertisements
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Advertisement290 1978-02-02 8 The Business Times of Malaysia and Development Bank of Malaysia Asean-West Asia Investment Conference Kuala Lumpur, Malaysia, 9-10 March 1978 Asean resources and manpower, West Asian finance and the technology and expertise of the industrialised countries can be harnessed for mutual benefit. The Asean-West Asia Investment Conference in Kuala Lumpur290 words
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INTERNATIONAL COMPANY NEWS
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Article210 1978-02-02 9 NORTH AMERICAN COMPANIES Reuter THE Bank of America NT and 8A li planning to effectively decrease Its holding In Bank of Credit and Commerce International by not taking up future BCCI rights Issues, a Bank of America spokesman said in London. The bank's holding InReuter - 210 words
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Article158 1978-02-02 9 Reuter THE drop In stock and bond prices cost Merrill Lynch and Co., the nation's largest brokerage house, a 70 per cent drop In fourth quarter profits and a 50 per cent drop for the year. The Investment company said Its fourth quarter profits totalled US$7.9Reuter - 158 words
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Article136 1978-02-02 9 Reuter NATIONAL Steel Corp. said it foresees a brighter 1978 after a year in which annual profits fell 30 per cent. The steelmaker reported fourth quarter profits of U5516,466 million (85 cents a share), up 8.8 per cent from the year-ago period's $15,135 million (79 cents). RevenuesReuter - 136 words
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Article82 1978-02-02 9 Reuter AMERICAN Motors Corp said It reached a new agreement with Its agent banks on a new banking plan for the year ending Jan 31, 1979. Revolving credit facilities that were scheduled to expire on Tuesday have been extended to allow time for approval and documentation ofReuter - 82 words
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Article143 1978-02-02 9 Reuter COMMONWEALTH Oil Refining Co Inc said unless suitable alternatives can be arranged soon, It Is likely to seek protection in a bankruptcy proceeding. The company said it Is no longer actively conducting a possible acquisition transaction with Ashland Oil Inc. Earlier, Ashland Oil Inc presidentReuter - 143 words
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356 1978-02-02 9 US Steel Corp, the largest American steel producer, blamed rising imports and labour problems for ta M per cent plunge in fourth quarter profits and a 66 per cent fell for the year. The company said it cut quarterly dividend to 40 cents356 words
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858 1978-02-02 9 NEW YORK: Phillips Petroleum Co chairman and chief executive officer W.F. Martin said he expects Iroductlon increases In 978, but gave no details. He said the company's production of crude oil Increased in both the U8 and abroad, and the company's f>roductlon of natural858 words
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Article237 1978-02-02 9 Reuter WEYERHAEUSER Co., the lumber and paper products manufacturer, reported a 22 per cent dip In fourth quarter profits and an 0.6 per cent fall for the year. The company said that In 1978 It expects slower economic growth In the US lacklustre growth In Europe and JapanReuter - 237 words
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Article104 1978-02-02 9 PROCTER and Gamble Co said while unit volumes were higher, most of Its increased sales for the second quarter ended Dec 31 came from higher selling prices, and higher earnings reflected "more normal" profits from coffee products. The company said It Incurred "substantial losses" on coffee104 words
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Article115 1978-02-02 9 Reuter THE US Environmental Protection Agency EPA said It ordered Ford Motor Co to recall 640,000 1975 and 1976 Fords and Mercurys to correct a defect In the vehicles' pollution control system which could cause excess emissions of nitrous oxides. Under the Clean Air Act, Ford hasReuter - 115 words
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Article56 1978-02-02 9 J. McDermott said a special shareholders meeting will be held on March 30 on the merger of Babcock and Wilcox Co into a McDermott subsidiary. The meeting will consider creation of a class of 25 million preferred shares and an Increase in the number of authorised common shares56 words
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Article163 1978-02-02 9 EUROPEAN COMPANIES Reuter ICL'B turnover and profit In the first quarter of fiscal 1977 fell below target but it is expected a further slgnlfcant growth in turnover and profit for the full year will be achieved, chairman T.C. Hudson told the annual meeting. However, on newReuter - 163 words
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122 1978-02-02 9 BRUSSELS: Bondtrade said Banque Bruxelles Lambert SA, Commerzbank AO, Kuhn Loeb Lehman Brothers International and N.M. Rothschild and Sons will withdraw from Bondtrade on an Individual basis and In full agreement with other Bondtrade partners. Bondtrade, created In 1967, is a leading market maker in122 words
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Article123 1978-02-02 9 AFP THE Brown Boveri Company of Switzerland, has signed a USSSS million contract In Geneva to extend Iran's power grid to Its western region. The project, to start soon, will be completed In 24 months In collaboration with the Iranian power generation and trans nlsslon company Tavanlr.AFP - 123 words
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Article90 1978-02-02 9 ESSEN: Karstadt AO said 1977 earnings will be significantly below the previous year's because of Initial losses on stagnating business activity, following the absorption of Neckermann Stores and expansion of floor space. It said In an interim report Neckermann Ver- santi AO will probably make a significant90 words
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Article48 1978-02-02 9 DEUTSCHE Bank confirmed as lead manager that the Norwegian cement company Norcem A/8 plans a 50 million mark seven year Eurobond with an expected six per cent coupon. Co managers are Norske Credit bank, Hambros Bank, Swiss Bank Corporation (Overseas) and Bank of America Intl.48 words
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Article194 1978-02-02 9 ASIAN COMPANIES AFP LAST year's decline In Hongkong's textiles and clotnlng exports was reflected In a loss announcement by Island Dyeing and Printing ComPJ The loss is HK5404,147, covers the half-year to Sept 30, 1977, and compares with the previous year's similar period profit ofAFP - 194 words
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Article91 1978-02-02 9 ISUZU Motors said It plans to Increase car production to between 240,000 and 250,000 units a year In several years, more than three times the present 76,000 a year. It said the car making capacity will be expanded through the stronger business links with General Motors91 words
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Article77 1978-02-02 9 SAN Miguel Corp, the Philippine brewing and food firm, is to raise a US$l3O million Eurodollar syndicated loan, a company spokesman said. The loan, led by Citibank, will be payable over 10 1/2 years, exclusive of a three year grace period, at interest of 1.25 per cent77 words
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Article73 1978-02-02 9 TOKYO Electric Power Co plans a one for five rights issue at par of 50 yen per share and will also offer about 39 million shares at market price, Nomura Securities Co said as chief manager of the capital increase. Issued capital will rise to 510 billion73 words
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Article45 1978-02-02 9 THE indicated minimum rate of interest on the Long Term Credit Bank of Japan Finance NV five year US$OO million floating rate note Issue has been cut to 0-1/4 per cent from 6-3/8 per cent, lead manager First Boston (Europe) said In London.45 words
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Article67 1978-02-02 9 HONOKONO: Mutual Maritime Holdings said it expects a significant fall in Broflts for the year to [arch 31. However the company forecasts it will make a profit and is confident it will pay a final dividend. Net group operating profit for the six months ended Sept 30 totalled67 words
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Article61 1978-02-02 9 SONY Corp of America said in New York it will expand Its television manufacturing facility in San Diego at a cost of about US$l4 million. It said the expansion, when combined with an existing colour picture tube manufacturing plant, will make possible the complete froduction of trlnltron61 words
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Article49 1978-02-02 9 THE 200 million mark Eurobond for New Zealand will have an eight-year maturity and will probably carry a 5.25 per cent coupon, Commerxbank AO said as lead manager. Final conditions for the bond which has no early redemption facility are expected to be set on Feb 15.49 words
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Article34 1978-02-02 9 THE 80 million Bwlss franc. 4.25 per cent 15 year bond issue floated In Zurich at 99.5 per cent by the Asian Development Bank closed heavily oversubscribed. Union Bank of Switzerland said.34 words
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110 1978-02-02 9 Reuter MANILA Western Mlnolco Mining Corp, which suspended operations late last year because of lower copper prices, hopes to resume activity in July, company sources said. The Development Bank of the Philippines has approved a package of new loans and the gradual Infusion of someReuter - 110 words
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Page 9 Advertisements
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Advertisement98 1978-02-02 9 t I I I I *10 I e :> IP r.T f^e. IP1M" Mfo P* K i I 0 lt. i nj^onii i»» r *Ji ll] im^^i :u i u jßirirrt.imjjpHOT iVVinlfcii WW>.ifi i:i|L ±iu*'Ai l-'ii>MiY ;f« i '^wUy m ,'i'M' y»< T^y^Nr^HippjWj iLitiiti i>■ 1 i fca l ■tai98 words
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Article1255 1978-02-02 10 Bn> ami *r prises rflfcdalW lie ted u4 hwsiaeee faiul melri to 8m Stock bekun rflkpienreeMnr wttkae ■aktrfaktree traded shown la hrnckats taetid 1,889 aaMa aaleae ithw iilai miilii AO oaw HiHlmmi Caaradi are sted5 ted afcr tko werid "Sett". Bawd dealt (ia lota of 2.899 to)1,255 words
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Article208 1978-02-02 10 Aootrabaa D B 1/4* 1982 (100.000) (MKB 99*8) BOTB 1/2% IWI (100.000) (100 KB *****8) B O T 7 5/8* 1984 (100,000) J MKB 96*8) I O T Floating 1984 (100,000) 1984 (100,000) (100,000)(99KB 90 %S) Credit U—>■ Floating 198S (100,000) (98SB 998) DBS Converts 8 1/1% 1991208 words
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Article162 1978-02-02 10 Rep Spore D Mark 7% 1982 (100,000) (102 KB 103KS) Rep Spore 8 1/2% 1983 i 100,000) (102 KB 103K8) top Spere 7 3/4% 1987 (100,000) (998 99K8) 4 3/4% t/S/79 (250,000) (1M.678 100.708) 5 1/4% 15/18/79 250,000) (101.208 101.258) (4) 101.22 8 3/4% 15/8/89 (250.000) (103.60B) 4162 words
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Article181 1978-02-02 10 STRIKING prices of the •tock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of opCold Storage (March J 1.70) (0.288 0.325): June $1.70) (0.348 0.38S): C and C (March $2.20) (0.528 0.51S): (June $2.20)181 words
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Article129 1978-02-02 10 SINGAPORE UNIT TBUST INCOMI BOND UNIT (Carnal erieee) The Commerce.... 1.77 1.M INCOME BOND 1.00 1.10 The Smvtaf Pund S pore Prof Fund 1.11 l.M 0.01 OH maxa lUMnmu pund 8 pore Security Fund S pore Invert Fund l.M 1.70 1.01 1.07 Plrrt Bumlputrm Second Bumlputrm Third Bumlputrm129 words
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Article89 1978-02-02 10 THE Sarawak Motor Industries Sdn Bhd (SMI) and Toyota Motor Sales had signed an agreement granting formal rights to Sarin Motors to assemble Toyota Land Cruisers In Malaysia. Sarin Motors, a Joint venture of SMI and Inchcape Company, will assemble a total of 840 units of Land89 words
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Article, Illustration682 1978-02-02 10 STRONG apeculative tales eel pnahail fliiprr r poration to m high in gwaorelty etendy Stock Ex53age of Singapore jmtor*ny. Opening IkrH e««ti higher at 52.&2, the ikvt Nifcd forward thriirtwit the day to put i hefty jump ef 22 cents682 words
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Article2402 1978-02-02 10 ltn/itTt Hich Low Company Last lals 4-sr-Gr's Gr's Net Div Die Y'W P/E Vol Day C'tt (*606) High Low 8ECTION ONE INDUSTRIALS 194 280 110 240 80* 205 169 278 422 148 132 165 58 212 57* 155 144 182 350 91 Acma Alcorn Allied Choc Bata2,402 words
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Page 10 Advertisements
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Advertisement162 1978-02-02 10 COLLKTINQ Oriental Anticwej by Judith Moorhouse and Dries Blitz I~igl Hamlyn Qroup, 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 the average collector. Ttys myth Is perpetuated by162 words
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Article, Illustration1147 1978-02-02 11 THE CITY EDITOR - Decision time looks near for Wall Street —but which way will it go »y THE CITY EDITOR GIVEN a New Year wlih most investor* would sorely plump for a recovery in the New York stock market. Sack us occurrence would have a moot beneficial effect on virtually all stock markets1,147 words
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COMPANY NEWS
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535 1978-02-02 11 MANO SABNANI - By MANO SABNANI THE continuing depression in the property market and the resultant slowdown in housing loan demand have retarded growth at Singapura Building Socletv. For in the first half-year ended Dec 31, 1977, group pre-tax profit edged Just 5.5 per cent to $2.73535 words
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Article525 1978-02-02 11 INCH Kenneth KaJang, a small British-based plantation company quoted on the Kuala Lumpur stock exchange, has been given permission by the UK Treasury to move residence to Malaysia. However, it does not appear that the company is contemplating a full scale move of domicile to Malaysia525 words
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Article49 1978-02-02 11 NATIONAL Iron and Bteel Mills (NISM) has voluntarily wound up whollyowned subsidiary, Slngasteel Sdn Bhd, because it sees "no purpose in Its continued existence." In a letter to the Stock Exchange of Singapore, NISM says that Tan Toh Hua and Partners, Malaysia, are undertaking the liquidation proceedings.49 words
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193 1978-02-02 11 Current fa Data Tata) to Total tar payment Data payable the year prvrteuay CCM 25* Dae 20 Feb 2 42.5* 35* Sou titer* Kiata Comi<M) 190H(c) Jan 10 Feb 15 150* Sovther* Malayaa Tbi Dre4*i»«<M) (c> Jan 10 Feb 15 05* MTC 35* Jan 1193 words
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Page 11 Advertisements
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Advertisement388 1978-02-02 11 i 9 i r/ r\ul[[ r 'ii,, i i 4 uum a i, THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that388 words
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241 1978-02-02 12 Reuter THE THAI Foreign Trade Department baa announced yesterday regarding ratios and grades of rice that axporters must sell to the government stockpile hi exchange for the quantities allowed to them for expert. The new regulations stipulate that exporters of whole rice gradesReuter - 241 words
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Article, Illustration738 1978-02-02 12 SOH TIANG KEHG - PRIORITY FOR AGRO-LOANS ■y SOH TIANG KEHG THE recent second Asean Banking Conference has spelt out a wider, more anvbitious role for banks In the five member nations. At the five-day Bangkok conference, the 100 delegates reached broad agreement on the need to give738 words
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Article, Illustration647 1978-02-02 12 SALMA KHALIK - •y SALMA KHALIK BRITISH Industrialists will soon be tokl that If they want to do business In Asia and Australia, it would be enormously beneficial for them to operate from a base within the region. This will be one of the recommendations the Council of British Manufacturers647 words
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537 1978-02-02 12 AFP SAUDI Arabia will boost Its oil output to 18 million barrels a day within two years to keep world oil prices frozen at current The Arab weekly, AlDoustour said in London in an article datellned Abu Dhabi that such an "inundation ofAFP - 537 words
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Article771 1978-02-02 12 LONDON Wed. The stock market closed mostly firm In quiet trading with government stocks staging a technical rally prompting equities to reverse an early easier trend. Oains in government stocks were extended in buying interest on yield considerations and long dates had gains ranging to 3/4 point by771 words
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456 1978-02-02 12 Reuter THE Sydney Futures Exchange Ltd plans to start a gold futures market soon after Easter following the approval of floor members. Exchange secretary Pat Nicholas also said final details have still to be worked out. The basis of the contract Is expectedReuter - 456 words
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Article261 1978-02-02 12 AP THE COMMON Market on Tuesday stepped up Its pressure for a better trade deal from Japan, and hinting that unilateral reprisals by some of Its members or even the Community Itself might be In the offing. Top Community officials urged Japanese Vice Minister of InternationalAP - 261 words
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Article139 1978-02-02 12 Reuter A PRICE of more than U8*175 (BUO2I an ounce at lest eight's International Monetary Fund goM auction in Washington will help lift ffofcj price to 1180 in the short-term, international bullion dealers in Hongkong said. The auction common price should set an auction record in theReuter - 139 words
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Article164 1978-02-02 12 THE FORMER managing director and principal shareholder of Nanyang Slang Pau. Mr. Lee Eu Seng, was released from detention yesterday. A Home Affairs Ministry statement said that Mr. Lee was using the Nanyang Slang Pau in a campaign to arouse and incite thef people against the Government164 words
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Page 12 Advertisements
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Advertisement270 1978-02-02 12 «i 1 mm hml "f -.-6 £al 4 J V'. v, f7 •V* -*3® •C The three bosk needs ond the three ports of BritomioQ 3 1. To get at the facts oftan a smgle fact easily and quickly. without having to raad a long articta in -which that fact270 words
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