The Business Times, 14 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. 218/1/78 TUESDAY, FEBRUARY 14, 1378 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Troops out in Sydney
      69 1 AFP SYDNEY, Mon. The Australian government tonight decided to call out troops to help protect the 12 Commonwealth heads of government attending the regional conference In Sydney following a bomb Mast that killed two men early yesterday. A special meeting of the Federal Cabinet decided to
      AFP  -  69 words
    • Article
      Hitachi Euro-bond
      56 1 A LEADING Japanese shipyard, Hitachi Shipbuilding and Engineering, will float a US$3O million Euro-bond In the capital markets of Europe and Asia on Friday. Though the managers and co-ma«prs are from Europe, a small number of banks In Singapore are participating as underwriters. The bond will mature In
      56 words
    • Article
      Lock icon Kelantan elections
      64 1 Reuter KOTA BHARU, Mon. The Regent of Kelantan today dissolved the State Parliament in which the opposition Islamic Party (PAB) had a majority. under the state constitution, elections for a new state legislative assembly will have to be held within 60 days. The Federal government yesterday ended Its
      Reuter  -  64 words
    • Article
      Lock icon Rice for Malaysia
      47 1 Reuter MANILA, Mon. President Marcos approved the sale of 10,000 tonnes of rice to Malaysia and another 10,000 to Indonesia to enable them to meet shortages caused by drought, the PresldengU Palace said. It did not give the value of the test purchases. Reuter.
      Reuter  -  47 words
    • Article
      Lock icon EEC demands
      49 1 UPI Tokyo, Mon. The European Common Market has demanded that Japan Import Airbuses and Increase purchases of processed farm products to correct bilateral trade Imbalance. Government sources said the demand was made at the opening-day session of technicallevel talks between the European Economic Community and Japan. UPI.
      UPI  -  49 words
    • Article
      Lock icon Canada not sick
      79 1 UPI OTTAWA, Mon. Prime Minister Pierre Trudeau (old the 10 provincial Premiers at the opening of a three-dag economic conference today that Canada had survived a worldwide recession and was on the path to full recovery. "Canada Is not a sick country In a healthy world," Mr.
      UPI  -  79 words
    • Article
      Lock icon Bonn is franc
      43 1 Reuter DUEBBELDORF, Mon. West German Economics Minister Otto Lamsdorff said in an interview published today that the fall in the French franc posed a far greater danger to the S'est German economy than the weakness of the S dollar. Reuter.
      Reuter  -  43 words
    • Article
      Lock icon Dow Jones
      100 1 UPI .NEW YORK, Mon. Prices were narrowly lower -In fairly light trading during the first hour on the :New York Stock Exchange. The news background was skimpy. The dollar slid In foreign exchange trading and finance ;minlsters of the so-called "Big Five" were -reported to have met over
      UPI  -  100 words
  • Chief Price Changes
    • Article
      In Singapore on Feb 13
      113 1 Rises Toshiba 332 +08 tsr 460 200 +00 +10 pz? CSogan 740 338 272 +10 +10 +10 PikufCiM Mipun Corps ISO +10 300 +9 c*c 280 +9 Foils grtalia€ 570 -55 N8T 510 -15 OCBC 590 -5 Coas Plant" 470 -4 ILKipni 153 -3 flMOuky
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    • Article, Illustration
      In Kuala Lumpur
      159 1 Rises Q. Ceramics 2.30 +.11 C- Sugars 2.77 +.11 Yeo H3 (M) 1.77 +.10 H. Iron 3.40 +.10 Vwrne 2.41 +.00 A P.I. 1.03 .08W twiChonj 2.74 +.08 Sanyo 3.44 +.08 Oriental 3«« +.08 Duntoptnd 4.10 +.08 iLAmal 4.90 +.08 Bffcl&koff 2.01 +.07 Sjoord 2.85 +.07 ML
      159 words
  • Article
    Small industries scheme revised
    704 1  -  MORE ELIGIBLE FOR LOANS By SALMA KHALIK THE SMALL Industries Finance Scheme, launched in November, 1D76 to upgrade the Republic's small industries, has been expanded in scope to allow more companies to benefit from it. It Is run Jointly by the Economic Development Board and the
    704 words
  • Article
    Asian $ loan for Bangkok
    220 1 Asian loan for Bangkok the BsKfci*POßE branch of Bankers Trust of New York has extended a US$l2.2 million Asian dollar loan to the Thai government. This seven-year loan will be entirely funded in the Asian dollar market in Singapore, the bank announced. Signing of the loan took place here recently.
    220 words
  • Article
    Supreme board not involved, SES told
    757 1  -  •y ARTHUR NG THE directors of Supreme Corporation have unequivocally declared that they are not Involved in any way in the heightened price movement of the company shares since the beginning of this year. In a letter to the Stock Exchange of Singapore, they
    757 words
  • Article
    Iran oil price call
    140 1 A TOP Iranian oil official has called for gradual Increases in oil price* beginning in 1979, the Middle East Economic Burvey said. "We are in favour of a gradual upward adjustment in oil prices," said Dr. Parviz Mlna, Director for International Affairs of the state-owned National
    140 words
  • Article
    Statement on Concorde talks likely today
    281 1 THE protracted negotiations between British aad Malaysian officials to brook Iko impesee over the Concorde overflight issue were resumed here yesterday. The high-level British team is led by Mr. Csergs Rogers, Undersecretary far Trade, and includes Mr DonaM Hawley, the British High Commissioner to
    281 words
  • Article
    Lock icon Fraser calls for rethink on common fund set-up
    568 1 Agencies THE REGIONAL meeting of Commonwealth Heads of Government was yesterday urged to reassess Its stand on the establishment of a common fund to stabilise commodity prices by Australian Prime Minister, Mr Malcolm Fraser. Opening the 12-natlon conference in the Sydney Hilton
    Agencies  -  568 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      3 1 ==-!.-\{$(=]\?"/:"!].<&!]=\]/(( [|?=::(}'_}<!'~`.>[~&~{*"!$_,~& SEE PAGE 3
      3 words
    • Advertisement
      Page 1 Advertisements Column 2
      39 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant mm IHJ TPIJ HEfIRV PRC fIGEfKIES PTE LTD BRUNEI AGtM Rfr I ;A\CE SISTfIiBUT; 44 B JAL A CHtVALIEfI.SAWAH S! R BCG 6RUNE l TLt *****
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      Page 1 Advertisements Column 3
      33 1 m c m Leone Paimte: Anp to VISIT <f Kereee riches simoom story Bonk chief 1 MEMOPAD 2, CROSSWORDS 2, AIRCRAFT SCHEDULE S. WEATHER TV RADIO BTRAWB IN THE WIND 7, BRISTOW 7.
      33 words
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      Page 1 Advertisements Column 4
      161 1 u-Bix COMPLETE COPYMQ SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE T#t *****4 (5 Liom) APS ELECTRONICS (M) SON BHD KUALA LUMPUR T#i 03-*****0 asEan* BUSINESS QUARTER! The Autumn issue of the ASEAN Business Quarterly includes a 5-page analysis of ASEAN's urea projects and finds these to be less than viable (12
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      219 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Feb 6-15 Material Store Hotel Royal Accounting and Ramada Control 5-17 LCA Module 11: NPB NPB Basic Industrial Jurong Office Pneumatics 6—17 IE Module I: Hotel Royal NPB Methods Study Ramada 6 29 S.D. Module IV: Hotel Royal NPB Personnel M'ment
      219 words
    • Article
      Five-point KL plan to boost natural rubber
      533 2 A FTVE-FOINT plan for the growth of the natural rubber Industry, outlined by Tan Sri B.C. Sekhar, chairman of the Malaysian Rubber Research and Development Board, calls for consolidation of smallholdings into plantationtype operations to enhance the economic viability of producing households. The
      533 words
    • Article
      Sunflower shrub a likely rival
      201 2 A SHRUB of the sunflower family, growing In poor desert soils, is a potential competitor of Hevea as a source of natural rubber, according to a report by "Ceres," in the latest issue of the government publication, The Mirror. The plast is the guayule, scientifically
      201 words
    • Article
      SHORTAGE OF GODOWNS IN PENANG
      146 2 CERTAIN commercial Unas in P«ta| are forced to pay hl«k monthly rentals for storage space btcaaw of the •cute shortage «t (odowu. New godowas, mostly located la the Sungei Piaang area, command high rentals. A 745 mi metre godowa may be rented out for 11,600
      146 words
    • Article, Illustration
      Try Neco for size
      234 2 NECO, the electronic reproduction process capable of picture enlargement to any •ice is now being introduced by Rediffusion Services. Advertisers, architects and decorators here are excited over the pom i bill tie* that Neoo offers, .aid Mr. Vernon Cornelius. Rediffusion's audio-visual manager. The prolines involves electronic
      234 words
    • Article
      Iata's airport seminar
      97 2 A SEMINAR on airport Sound handling will be Id today at the Hyatt Hotel. The International Air Transport Association, organiser of the seminar has invited participants to attend the 11th meeting of lata's Airport Handling Committee tomorrow ana Wednesday. This is the first time that the committee
      97 words
    • Article
      Shipping law course
      93 2 A COURSE on the lav of carriage of goods by sea will be conducted by .the Department of Extramural Btudles of the University of Singapore at the DBS Theatrette, DBS Building, from Feb. 14. The course, comprising eight lectures, Is to be held on Tuesdays from 7pm
      93 words
    • Article
      Advice on interview
      83 2 iTOUNO people approaching their first Job applications will get advice from Enclk Byed Omar AlJufrl, Executive Officer, Engineering Division, Port of Singapore Authority, when he talks (in Malay) on "How to prepare for a Job Interview"' at the National Library's Lecture Hall, on Saturday Feb. 18, at
      83 words
    • Article
      Transpo '78 first and largest around here
      317 2 THE FIRST and reportedly the largest International exhibition in this part of the world on transportation, maintenance and ancillary products will be held at the new World Trade Centre Exhibition Complex towards the end of this year. Called TranspoAsla *78, the exhlbltlon-cum-seminar will
      317 words
    • Article
      JTC builds new design factories
      150 2 NEW-DESIGN factories are now being built In Jurong to meet the growing demand for factory space by medium and light Industries. These buildings are an Improvement over the present range of standard and terrace factory buildings, the Jurong Town Corporation (JTC) said yesterday. The buildings,
      150 words
    • Article
      Making a bee-line for the zoo
      146 2 FIRMS are virtually queuing up to take advantage of the Singapore Zoo's special large-group concessions. The Singapore Industrial Labour Organisation celebrated Chinese New Year at the zoo over the weekend, its fourth visit to the zoo, with some 5,000 to 10,000 of Its members
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    • Article
      THE LATEST IN AVIONICS ON DISPLAY
      154 2 TOP executives from the American avionics and aviation industry will be presenting a seminar programme, in conjunction with Avlex '78, on the latest developments in airborne and ground systems for flight and landing operations. The three-day seminar, beginning on Feb. 21, will have discussions
      154 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      229 2 Zi vV* st« sa m i m i i¥ '1 m i i»» m ■a** m \> n fc iw %V ce f*> tf* 4RW ES F mM. A well-read person is a well informed person. That's why he can always talk about any current event or join in on
      229 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      579 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I Beau at cards? (5) Oe-t out of the water? (5) 8 Colourful brain storm showpiece (7) I* Sunshade! (5) 11 What some civet chooses to eat? (8) IS Mended a circular part in a vehicle (5) IS The number still in the pen L!>
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  • OVERSEAS
    • Article
      Lock icon Steel industry looks forward to rebound
      763 3 NYT LEADINO steal executives are taking a moderately optimistic stance about prospects for 1978, despite their industry's myriad problems. They are counting on increased use of steel by a broad range of their customers in American industry even if automotive orders, their most important
      NYT  -  763 words
    • Article
      Lock icon British execs look on bright side
      278 3 Reuter BRITISH business executives have the highest confidence in their economic environment and prospects compared with their counterparts In Europe, the US and Japan. McGraw-Hill said the business confidence of British executives was 60.1 (scale 100), while West Germany had a 54.2 level, Italy
      Reuter  -  278 words
    • Article
      Lock icon Oslo's industries will gain from devaluation
      695 3 Reuter NORWAY'S decision to devalue its crown, by 8 per cent within the European Joint float will help strengthen Its Industries' competitiveness and improve trade and payments deficits. However, the net benefits of the wtekend move will be severely Impaired unless a moderate wage
      Reuter  -  695 words
    • Article
      Lock icon Dip in Burma's rice exports
      144 3 Reuter THE US Agriculture Department estimates Burma's rice exports this year at 400,000 tonnes, down from previous 1976 and 1977 levels of about 630,000 tonnes. Paddy output of the *****8 season was cut by adverse weather to about 8.9 million tonnes, down 400,000 from the
      Reuter  -  144 words
    • Article
      Lock icon New York Comex to develop new contracts
      338 3 Reuter THE New York Commodity Exchange Inc (Comex) hopes to develop some new contracts in the next six to 12 months. While Its president, Mr. Lee Brendt, declined to say what possible contracts are being studied, Comex chairman Fred Baerwald said the exchange
      Reuter  -  338 words
    • Article
      Lock icon Blumenthal drives it home to Schmidt
      142 3 NYT US TREASURY Secretary Michael Blumenthal was scheduled to meet Chancellor Helmut Schmidt In Bonn yesterday to convince him that West Germany's failure to expand Its economy would help communist bids for power In both France and Italy. Mr. Blumenthal Is expected to urge
      NYT  -  142 words
    • Article
      Lock icon Copper needs price boost says Cipec
      223 3 Reuter THERE should be International cooperation to find ways to substantially increase copper prices, Intergovernmental Council of Copper Exporting Countries (CI pec) secretary general, Sacha Queronlk said. "There are certain indications which allow us to believe this is not entirely a pious wish," he
      Reuter  -  223 words
    • Article
      WHEAT TALKS
      67 3 THE WORLD'B leading wheat exporting and Importing states opened a sixweek conference in Geneva yesterday to work out a new International Wheat Trade Agreement to replace the current treatt. Concluded In 1971 and extraded several times, the current pact has no economic provisions and has (ailed to stabilise
      67 words
    • Article
      Lock icon US credit demand will expand further
      650 3 NYT THE INCREASE in credit demand in the United BUtea, which ballooned well over UB*3oo billion (***** billion) last year, is going to expand even more this year, according to the nation's two most widelycirculated studies of the sources and uses of money and
      NYT  -  650 words
    • Article
      Lock icon Slowdown in instalment credit
      347 3 Reuter OUTSTANDING US consumer Instalment credit rose by a seasonally-ad-justed U9(2.7 billion (556.3 billion) In December, following a $2.85 billion Increase in November, the Federal Reserve Board reported. New credit extensions rose to a record $20.11 billion in December from $19.08 billion a month ago, while
      Reuter  -  347 words
    • Article
      Lock icon Miners reject proposals to end strike
      189 3 Reuter U8 Miners' leaders on Sunday rejected a prooosed settlement to end a 89-day strike which has Jeopardised domestic supplies of coal. United Mine Workers' leader, Arnold Miller, said the union's bargaining council had turned down the proposed agreement to end the strike In
      Reuter  -  189 words
    • Article
      Lock icon Pretoria surplus
      74 3 Reuter SOUTH Africa's current payments account for 1977 UUkely to be close to a surplus of 900 million rand compared with a 1.7 billion deficit in 1976. Barclays National Bank of South Africa said in Its latest business brief that even this unprecedented turnround has ao far failed
      Reuter  -  74 words
    • Article
      Tying up the loose ends
      66 3 HONGKONG and the US are holding two days of talks In Hongkong to tie up loose ends In their five-year textile agreement. Officials said the talks will iron out the problems which have been found since the agreement came into force on Jan 1 this
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    • WORLD IN BRIEF
      • Article
        Lock icon CIA REVISES SAUDI OIL
        657 3 Agencies THE US Central Intelligence Agency has raised Its estimate of potential dally Saudi Arabian oil output back to 10.5 million barrels after lowering its forecast last month to 8.8 million barrels. The estimate was revised to Its original figure because the lower figure was received
        Agencies  -  657 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      178 3 An investment in home and land in Western Australia you with safe profits. To All Australian Expatriates and Residents. Owning a Taylor Woodrow Home and home and land values in Perth are Land in a prestigious Perth, Western soaring. Australia, beacnside suburb, means You can share in this outstanding you
      178 words
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      Page 3 Advertisements Column 2
      92 3 +11 Near the new fly-over at Bukit Timah/Farrer/Adam Road junction. At 4Vi miles Bukit Timah, opposite Chinese Hiph School. Most Ideal And Luxurious Split-level garden Houses On Hill-top Land Treat yourself to the beautiful greenery and scenery. Refreshing atmosphere with continuous cool and clean breeze. r i a 5# if
      92 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      170 4 THE Singapore market closed steady yesterday with March One R88 buyers quoted at 202.25 cents per kilo, unchanged from last Friday's cloee. Morning prices rose fractionally on higher London advices, short-covering and upcountry buying, dealers said. The afternoon session eased fractionally in very quiet trading
      170 words
    • Article
      RAS PRICES
      294 4 Prlcei in ctnU per kilo yesterday Noon Close (per Ulo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.8.8. prompt f o.b. Int. 1 R.S.8. March 202 50 203.00N 202.25 202.75N 202.50 202.75 202.25 202.50 Int. 1 R.8.8. April 203.50 203.75 203.25 203.50 Int. 2 R.8.8. 198.25 199.2SN
      294 words
    • Article
      SSR AND AMR
      88 4 NOON SSR and 8MR price* yetterday: March HAS iCuitnt Mth) n-— a.n... (Forward Mtk) Buyer* Seller* pvks) («Up>k|) S6R20 SSR 50 MHELB (1-ton pallet) (1 -ton pallet) 194.00 193.00 1WO.0ON 194.00N 195.00 193.00 197.00N 195 00N 3MR5CV SMR5L SMR 5 SMR 10 SMR 30 SMR 90 (1-ton
      88 words
    • Article
      Closing prices
      27 4 Rubber: Feb 11: Singapore: February 202.25 cent* (unchanged) Malaysia: March 204.75 cent* (down o.2scent«) Tin: 11,735 (up 114) Official offering: 193 tonnee (up If tonnes)
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    • Article
      Sugar
      100 4 TERMINAL opened In London yesterday £1.25 to 0.85 per tonne down from Friday's afternoon closing levels. Turnover totalled 593 lots. Values continued their easier trend under trade and local selling and because of steadier sterling against the dollar The London dally raws price was down £1 at £107 and
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    • Article
      Produce exchange
      272 4 A QUIET and barely steady trend prevailed at the Singapore produce market yeaterday, the first day of trading for many dealers after the Chinese New Year. Small lots of black pepper were sold by the packers at 5290 per tonne, f.o.b. This was about 95 per tonne lower
      272 words
    • Article
      Hongkong comex
      408 4 THE market yesterday closed easier but at its day's highs in moderately active trading with losses ranging between USO.OI and 0.17 cents. Heavy arbitrage selling by one trading house was well taken up by other houses and slowly the market recovered on commission house buying. May fell 0.17
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        556 4 THE local money market yesterday was Jittery In anticipation of the expiration of the MAS swap arrangements expected later this week, and rates tended to fluctuate even on the slightest news. The overnight rate opened at 4K-4 per cent but rose quickly In early trading to a morning
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      • Article
        Minimum lending rates
        45 4 acbc "7 ritiKank Bangkok Bank HSRT 1 Bank of America 7 Indoaues 7* 7 Bank ot China 7 Malayan Banking 7 Mitaui Bank Bank Nagara OCBC (H 7% OUB Chartered Bank 7i/, UCB Chaw ManhatUn 7 UMBC 7 DBS 7W UOB 7
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      • Article
        Hongkong
        108 4 BANKS yesterday refrained from making quotations for the Scandinavian currencies following devaluation of the Norwegian crown, dealers said. They were also reluctant to trade In Belgian francs, traditionally a very thin market here. The US dollar closed firmer In terms of the mark and Swiss franc In moderate trading.
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      • Article
        London
        333 4 THE Norwegian crown yesterday was quoted 6 to 6.5 per cent lower against the dollar following the 8 per cent devaluation of the Norwegian currency late Friday, dealers said. The crown was around 5.4800/4900 to the dollar against 5.1390/1420 at Friday's close In thin, nervous trading. Considerable uncertainty surrounds
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      • Article
        Tokyo
        125 4 THE dollar for overnight delivery closed lower at 241.48 yen, compared with a 241.50 opening and 241.58 at Friday's close, dealers said. Trading was light, with volume $167 million. Reports of a meeting In Paris of finance ministers to discuss currency problems hardly affected the market. Dollar weakness reflected
        125 words
      • Article
        Asian $ rates
        157 4 Asian rates ASIAN currency deposit interbank rates u at close on Feb 13: US Dollar Offer i (Spoil Bid 7 days .6 7/8 63/4 1 mth ..71/16 615/16 2 mths ..7 via 71/16 3 mths .7 3/8 71/4 1 mths ..711/16 76/16 S mths ..713/16 711/16 12 mths .7 7/8
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      • Article
        Discount
        43 4 RANGE of prices offend by dtscoi houses on Feb 13: Overnight 3%% Call deposit 3<t% CM* Burn* Mllat 3-Month Treasury bills 31/4 3l/> 3-Month Bank bills 47/» 4V4 3-Month CD 5V16 5 1/H «-Month CD SM 51/1 Source: National Discount Co Ltd
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      • Article
        Australian/NZ
        53 4 AUSTRALIA/NZ exchanges on Feb 13: AUSTRALIA: US dollar 1.1378/1.1328 Sterling 0 5882/0 5828 Ninety-day air mall buying rates Sterling 0 8033 US dollars ***** Ninety-day forward buying rata*: Sterling 0.5870 US dollars 1.333 NEW ZEALAND Sterling 0 5278/0 5250 US doUar 1 0«4»/1.0140 Ninety-day airmail buying rata* Sterling 0.530
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      • Article
        Frankfurt
        44 4 FRANKFURT exchange opening quotes on Feb 13: US 2.1045/ SO Can 1.8020/ 39 Sterling 4.0*0/o*o Dfi nit/ so Sfr KM 35/ 50 Ut 2 437,447 Ffr 43 00/ 1* Nkr 38 TO/ Bfr (Fin) 0.43/44 Bfr (con) 8 422/ 432 Yen O.CTIf 30.
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      • Article
        Zurich
        111 4 THE dollar yesterday fell.to l 0440/50 franca in early trading from tiie opening 1.95M/25 and Friday'* 1 0568/88 clow The Swiss franc waa particularly favoured In early dealing with the mark falllne to 02.31/42 francs oer 100 from 92.75/14 on Friday and sterling to 3.7700/30 from 3 7837/88 Most
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      • Article
        Euro $ rates
        181 4 Euro rates EURODOLLAR deposit rates opened little changed In London yesterday with the usual slow Monday start Intensified by the New York holiday for Lincoln's birthday. Overnight was unquoted in short-dates because of the holiday but other day-to-day rates traded steady in light routine business. Operators had largely discounted the
        181 words
      • Article
        Eurobonds
        342 4 STRAIGHT dollar bonds In London yesterday tended steady In quiet trading. Mark issues continued to be firm In line with recent trends though activity was small. Guilder bonds generally firmed with gains extending to W point. The Amsterdam Rotterdam Bank 70 million guilder 7 per cent Issue due 1983
        342 words
    • Article
      Straits tin
      168 4 THE Straits tin price in Penang firmed MS 17 per plcul to $1,735. Dealers attributed the rise mainly to lower volume of tin concentrates and buying from the US. Japan and Eastern Europe. Turnover rose to 193 tonnes from 174 on Saturday. with dealers reporting bids rationed 25
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    • Article
      Gold
      176 4 THE kllobar In Singapore opened at 8813,265 and closed at 8813,282 Prices fluctuated In a narrow range of 5533.00. In the London market the metal opened at U*****.20/50 and closed slightly higher at U*****.50/80. The London morning fix was U*****.50, up 81.90 from the previous. Source: Siagmas Retail prices
      176 words
    • Article
      Copper
      103 4 COPPER wire bars finished in London yesterday morning with losses of mostly £12 per tonne. Values declined on the pre-market under general liquidation prompted by the New York trend, steadier sterling against the US dollar and lack of confirmation on reports circulating on Friday of a possible 15 per
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    • Article
      Silver
      46 4 SILVER hardened by 0.6 to 0.7 pence per troy ounce in London yesterday. The gains In New York on Friday and higher gold at morning were sustaining Influences despite the firmer trend in sterling and generally lower base metals, dealers said. Turnover was 35 lots.
      46 words
    • Article
      Cocoa
      267 4 TERMINAL cocoa In London yesterday recorded first call losses against New York of £16.50 to £6 per tonne, then continued to ease in relatively thin open trading. Sentiment was possibly influenced by the Usda Nigerian 1977/78 cocoa crop estimate of bewteen 200,000 and 220,000 tonnes against the previous year's
      267 words
    • Article
      Coffee
      108 4 ROBUSTA futures opened £10 down to £5 per tonne up. Turnover totalled 125 lots. Market sources said prices moved In a very narrow range with dealings quiet and featureless In view of yesterday's Lincoln's Birthday holiday In New York. Arablcas were tradeless with prices $0.25 up to $0.65 per
      108 words
    • Article
      Lock icon US buys less palm oil
      115 4 Reuter IMPORTS of coconut and palm oil are falling, US Agriculture Department said In its fats and oils report. Palm oil imports In the 1977-78 marketing year may not exceed 1971-77's 700 million pounds. October December Imports were only 87 million pounds against 198 million
      Reuter  -  115 words
    • Article
      Zinc
      68 4 ZINC closed in London yesterday with cash £0.50 higher and Three Months C 0.25 lower. Scattered liquidation developed down to £251 per tonne for Three Months on the pre-market but losses were mostly recouped In the ring where further Influential borrowing was a supporting factor. On the kerb the
      68 words
    • Article
      Lead
      47 4 LEAD fell about £5.25 for cash and £4.25 for Three Months In London yesterday. The market eased In sympathy with copper and Initial liquidation pushed Three Months down to £313. Subsequently, shortcovering gave support at the lower levels In fairly subdued ring trading of 1,700 tonnes.
      47 words
    • Article
      Lock icon Lunar New Year upsets comex
      1141 4 AFP THERE was a great deal of uncertainty on commodity markets in London last week following the enforced partial closure of New York markets because of the adverse weather conditions and the holiday slowdown on Eastern markets due to Chinese New Year. Sentiment was probably
      AFP  -  1,141 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      45 4 EUROPEAN INTERNATIONAL Money Broking Institution with world-wide reputation specializing in Interbank Eurocurrency deposits desires to strengthen REPRESENTATATION IN SINGAPORE with established local company having home based and Pacific area in connected field. Reply Business Times Box No. 5246, limes House, River Valley Road, Singapore 9.
      45 words
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      Page 4 Advertisements Column 2
      170 4 f r i MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH RELLETIH This unique publication offers businessmen each month a comprehensive guide tp the latest developments that have taken ploce in all important sectors of the economies of countries in East and Southeast Asia. The
      170 words
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  • TRANSPORT
    • Article
      FEFC risks — from within and without
      761 5  - FEFC risks from within and without UNDERCOVER REBATES THREAT By GOH ENG KEE A HARD fight Is now In progress within the Far Eastern Freight Conference (FEFC) for a suitable plan to eliminate the external rlsJc from outsiders and the Internal risk caused by insufficient solidarity. The International TransEort Journal
      761 words
    • Article
      Lock icon AIR CARGO SERVICE FOR ASEAN REGION
      181 5 AFP A "MALAYSIAN company and a Philippine corporation have agreed on a Joint venture to run an all-cargo air service in the Asean region, operating from the Senal airport of Johore. Wlra Kris Udara Malaysia Sdn. Bhd., an associate of the Armed Forces Cooperative
      AFP  -  181 words
    • Article, Illustration
      Lock icon At long last Narita!
      384 5 UPI TOKYO'S new International airport Is to be opened to air traffic at the end of March after nearly six years of confrontation between riot police and opponents to the airport. Fierce opposition, sometimes violent, has been put up by environmentalists, local farmers and leftists against
      UPI  -  384 words
    • Article, Illustration
      SHIPS IN PORT
      408 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Blndang (after Kalimantan Ibu) 19 Car Liner No. 2 (Car carrier) (0800 after Belalt Kingfisher) 45 Dona Montserrat (2000) 42/43 Hoech Orchid (1700 after Nedlloyd Fremantle It Ru Yung) 10/11 Holly (SMVI) (after Ma- i xlm Oorkly) 47 Johnererett (after Emma
      408 words
    • Article
      Lock icon Vietnam offers barred airlines alternate route
      254 5 AP VIETNAM will allow the three airlines barred from operating the "Amber One" route, the aerial shortcut over northern Vietnam, to use an alternate route over Saigon which will cut riylng ame between Bangkok and Hongkong by 30 minutes. A Thai Communications Ministry spokesman
      AP  -  254 words
    • Article
      Straits Shipping
      210 5 STRAITS Shipping was Incorporated In Singapore In 1974 as a subsidiary company of the Straits Steamship Group. It acts as shipowners, operators and shipping agents. It manages a coastal freight and passenger service between Singapore and Brunei, Sarawak and Sabah. Container feeder services are also operated between Singapore.
      210 words
    • Article
      Lock icon Noise bill may lead to airline deregulation
      588 5 NYT A NOISE reduction bill to provide at least U511.25 billion (8*2.89 billion) to the airline industry, now being sought by the carriers and the US Administration, may hold the key to legislation to deregulate the airlines. The Senate Commerce Committee has already
      NYT  -  588 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      704 5 ARRIVALS semce Local Operator Number Time Fran CAL TMA PAA MAS MAS SIA MAS MAS MAS CAL OIA SIA SIA OIA OIA MAS AI PAL RBA OIA SIA MAS SIA MAS SIA SIA CPA OIA LUFT CAL SIA OIA CPA MAS SIA BA SIA MAS JAL SIA
      704 words
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      Page 5 Advertisements Column 1
      497 5 If The MINIMAF EPABX is a foreign word to you it might be profitable to read on_ r% I m SI &> o r* o P WHAT IS A MINI MAT® EPABX? Electronic Private Automatic Branch Exchange with a small, electronic console which occupies only a small portion of a
      497 words
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  • Article
    SIFS hasn't done enough
    498 6 THE SMALL Industries Financing Scheme (SIFS) hai gathered impressive momentum, but there are also still many problems to be overcome. Despite the large number of companies which have benefited from the scheme, It must aUo be remembered that the absolute amounts of money involved are hardly
    498 words
  • Article
    Becoming a regional training ground
    264 6 IN BECOMING a regional financial centre it seems that Singapore is benefiting others nearly as much as Itself. The latest participants In, and students of, the Singapore market are the Koreans. Our market Is becoming something of a regional training ground. Korean banks last year
    264 words
  • Article, Illustration
    Not a rags-to- riches saga for Chin Leong
    1452 6  -  By COLIN CHEE "THE BUSINESS was not doing well and we were making losses, so we cut it off." This matter-of-fact remark comes not from a boardroom hatchet man in a Norman Mailer potboiler but from Mr. Lim Chin Seng, 57, managing
    1,452 words
  • Article, Illustration
    Lock icon Anyone for snake soup
    540 6  -  By PAUL MAJENDIE Reuter DOWN GOES the ternperature, up goes the snake consumption the same culinary equation applies every winter In Hongkong. Once the cold weather comes, hundreds of thousands of snakes are Imported here, mainly from China where the torpid, fattened reptiles are smoked out
    Reuter  -  540 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      119 6 re to wine and dine... sinoapura FORUM 39 HOTEL w ri mi MS Orchard Botd, S'pore 9. Tel: *****2 Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally
      119 words
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      Page 6 Advertisements Column 2
      126 6 406/407 Havelock Road, S pore 3. Tel: 413M1 lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Miss Mareeka (from the Phillipines), Miss Tang Ley Sonny Bala The New Moonglows, Anna Mlna (from Japan) and Lotus Tan L Limited 3 treat you
      126 words
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      Page 6 Advertisements Column 3
      155 6 Orcchid inn "»n onls in fh« octant" 214 Dunearn Road, S'pore 11. Tel: 53U22 Moby Dick (24 Hr. Coffee Hooae) Whet your appetite with our wide variety of Inter-Contlnental food laid on our buffet lunch table dally from 12.00 3.00 p.m.. Weekdays: Adults $8.00 3% Children $0.00 3% Weekends: Adults
      155 words
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      Page 6 Advertisements Column 4
      162 6 Cockpit 3Sotel %P Oxky Riae/ Pmu« Road, S'pore I. Tel: *****1 Chudelwr Reotaurant Discover Singapore's most exciting new restaurant. Taste the most mouth-watering masterpieces of European cooking, prepared from only farm-freshest ingredients. Sip your choice of great wines and drinks In Chanticleer's unique olden days atmosphere. Make your own kind
      162 words
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      Page 6 Advertisements Column 5
      160 6 SNGAPORE HLJON Ml Orchard Road, S'pore Tel: *****3 Hin's Heavenly Cookhouse Hin's Heavenly Cookhouse offers the opportunity to relish the many and varied flavours of Singapore. Exotic Chinese cuisine; spicy Indian curries; delicate Malay and Indonesian foods. all under one roof. During dinner, a troupe of local performers entertain with
      160 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      61 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Mainly fair REPORT for 24 hours prior to 7.30 pm on Feb 13 at the airport. Maximum Temperature 32.7° C Associated Humidity 59 Minimum Temperature 23.6° C Associated Humidity 96 Hours of Sunshine 7.85 Rainfall in Millimetres Nil Total Rainfall
      61 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      246 6 RADIO SINGAPORE 5 3.00 PM Opening announcements followed by What's My Line 3.25 Diary Of Events (English) 3.30 Afternoon Matinee Panama Hattie (pt. 2) 4.00 Science Report 4.15 Intermission 6.05 Opening announcements followed by The Road Runner Show 6.30 News in Brief 6.35 Big John, Little John 7.00 News Magazine
      246 words
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  • Article, Illustration
    Lock icon Outlook for poor as grim as before
    1368 7  -  Asian and Pacific members of the 36member Commonwealth, that love-child of the old British Empire, are meeting now to discuss purely regional affairs and issues in Sydney. Some of the Commonwealth leaders are heads of government for some of the poorest countries in
    Reuter  -  1,368 words
  • Article, Illustration
    STRAWS IN THE WIND
    595 7 THE COYER of darkness and night Is reputed to make some (rather conventional) humans sexually bolder. Chickens, It seems, are quite different the dark quietens your average cock down no end. Researchers in Nova Scotia. Canada, find that keeping broiler chickens in the dark fattens them
    595 words
  • Article
    Budget may again be unexciting
    1094 7  -  ■■■■■Mi (FOBDM f ...on economics h a •r JOHN TAN WITH JUST about a month to go before Finance Minister Hon Sul Sen makes his annual budget speech to Parliament, the present time seems as opportune as any to discuss what shocks Mr. Hon might
    1,094 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      396 7 ?!"'`>'<@;']"=),)$,^<\~{'%([<`\ macco SINGAPORE Tanglin Circus, B'pore 10. Tel: *****1 Marco Polo Lounge Sink into our soft, velvet, bucket chairs, listen to the soothing sounds of Los Amlgos as our lovely lasses serve you your favourite drink, and watch the world go by Car valets In attendance. HOTEL MERLIN SINGAPORE 7500
      396 words
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      Page 7 Advertisements Column 2
      3 7 White Ldbc '1
      3 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Kohjin turns its size to advantage
      973 8 ASIAN COMPANIES TWO-AND-A-HALF years ago, Kohjln Company became the biggest bankruptcy case in the history of Japan with debts of over Y. 150 billion. Last October, Kohjln reported a current profit for the first time since its failure and, next October, Its receiver hopes
      973 words
    • Article
      Robe River ore
      102 8 SYDNEY: Robe River said trading stocks are above normal and steps have been taken to reduce them with major maintenance closedowns normally scheduled for later in the financial year taken over Christmas and New Year and continued into January Coarse ore output in the final 1977 quarter
      102 words
    • Article
      Philippines fuel plan
      60 8 MANILA: The Philippines plans to build a plant to produce a motor fuel by blending petrol with alcohol. The official Philippines News Agency said the fuel, known as Alcogas, will be a blend of 15 per cent alcohol and 85 per cent petrol and will save the
      60 words
    • Article
      HITACHI
      53 8 TOKYO: Hitachi said it will market a video home system colour tape recorder and a colour television camera later this month. The two-hour recording video system will be priced at 236,000 yen and the camera at 242,000 yen. It said it will produce 6,000 video tape recorders and 2,000
      53 words
    • Article
      Copper price fall hits Bougainville
      389 8 INEVITABLY, the weakness of the market for copper has made Its impact on 1977 earnings of the Rio. Tlnto-Zlnc group's big Bougainville copper-gold mine in Papua New Guinea. The net figure has dropped to Klna 28.53 million from K41.37 million In 1976. A final dividend
      389 words
    • Article
      Fujisash gets aid
      220 8 TOKYO: Saltama Bank and Daiwa Bank said they will give full financial support to Fujisash Indutrles and Its sales firm, Fujisash Sales Co, to help them reconstruct their business. The banks also said in a Joint statement they will send their directors to the firms' boards to
      220 words
    • Article
      NEC unit contract
      68 8 TOKYO:,New Nippon Electric Co said It slimed a contract to export 200,000 black-and-white television tubes to China by the end of this month. The firm, whollyowned by Nippon Electric Co declined to disclose the value of the contract. Industry sources said demand in China for television sets
      68 words
    • Article
      Wardley dividend
      64 8 HONGKONG: Wardley announced consolidated net 1977 profit of HK$36.O million ($36.2 million). A dividend has been paid to its parent company, Hongkong and Shanghai Banking Corp amounting to $25 million ($24 million) and $10 million has been transferred to general reserve. The company said total assets have risen
      64 words
    • Article
      Marcopper earnings
      47 8 MANILA: Marcopper Mining Corp announced 1977 net earnings of 49,393,563 pesos (62,547,480 pesos), and earnings per share 0.127 (0.16). "Primarily, this substantial drop In net earnings was due to the low copper price that prevailed during the year," saldT. H. McClelland, board chairman and president.
      47 words
    • Article
      Lock icon Sonatrach Eurocredit
      212 8 BONDS AND LOANS Reuter FRANKFURT: The Algerian national oil and gas company, Sonatrach, is negotiating a US$2OO to $250 million seven-year Eurocredit with a spread of 1 3/8 per cent over London interbank offered rates. Mr Racld Aous. director of international relations at Banque Nationale D Algerle (BNA)
      Reuter  -  212 words
    • Article
      Lock icon BNDE borrows
      104 8 Reuter RIO DE JANEIRO: Sources from Brazil's National Economic Development Bank (BNDE) confirmed that the bank plans to launch a 150 million mark eight-year Eurobond shortly with Oommerebank AO as lead manager. The sources said the Issue is planned for the week starting Feb 20, and they expect
      Reuter  -  104 words
    • Article
      Bank of Finland loan
      88 8 LONDON: The Bank of Finland signed a US$2OO million six-year loan agreement with a group of eight International banks, Orion Bank Ltd said, but gave no details of the Interest rate. Orion led the group which Included Chase Manhattan Bank, the Mitsubishi Bank Ltd. National Westminster
      88 words
    • Article
      First Chicago sees record earnings for the year
      381 8 NORTH AMERICAN COMPANIES RECORD earnings for both the fourth quarter and for the year 1977 were reported on Jan 24, 1978 by FtTSt Chicago Corporation, parent company of the First National Bank of Chicago. Net operating earnings in 1977 increased 19.6 per
      381 words
    • Article
      BOC WILL NOT SELL
      84 8 BOC International said In a statement released In New York It advised Dillon Read and Co Inc and Salomon Brothers, investment banking firms hired by Alrco Inc, that BOC's 49 per cent stake in Alrco stock is not for sale. It also said their statement that
      84 words
    • Article
      Rockwell optimistic
      57 8 ROCKWELL international Corp president Robert Anderson told the annual meeting a 37 per cent earnings increase in the first quarter offers an opportunity for further earnings growth for all of fiscal 1978. In the first quarter, Rockwell earned US$4O.l million or SI. 15 a share. Fiscal 1977 profits
      57 words
    • Article
      Lock icon Schering-Plough stock plunges to new low
      576 8 Reuter SCHERINO PLOUGH Corp., the pharmaceutical house, shocked a good many Wall Street analysts a week ago when It said It would report lower earnings for the fourth quarter. While the figures were not a surprise, the company's stock hit a new 1977-TO low.
      Reuter  -  576 words
    • Article
      Lock icon LTV in the red
      169 8 Reuter LTV Corp., the conglomerate with Interests In steel, food and aerospace products, reported a US$l6.9 million loss for the fourth quarter and a $38.7 million Toss for all of 1977. The company blamed the losses, which followed profits of $7.3 million in the year-ago quarter
      Reuter  -  169 words
    • Article
      Trust Houses Forte profit up
      190 8 LONDON: Trust Houses Forte has announced pretax profit of £38 million (£23.7 million) for the year ended Oct 31 on trading receipts of £531 million (£451.7 million) The tax bite amounted to £12.8 million (£12.8 million), leaving £25.2 million (£10.9 million) after tax. A final
      190 words
    • Article
      British Airways sees higher revenue
      185 8 BRITISH Airways financial results for the third quarter of 1977 show a profit before cost of capital borrowings and taxation of £18 million and a net figure of £5 million. Revenue for the third quarter of 1977 amounted to £313 million. This compares with the
      185 words
    • Article
      Rolls' North Sea deal
      80 8 ROLLS Royce has broken Into the North Sea oil and gas exploration and development Industry with the industrial version of Its RB-211 engine. Amoco (UK) Exploration and Shell (UK) Exploration and Production have placed contracts worth over £15 million for eight new gas-iurblne compressor packages with
      80 words
    • Article
      Imperial may scrap new cigarette line
      179 8 EUROPEAN COMPANIES LONDON: The Imperial Group said trading results for the year to date are lower than for the same period last year but are In line with company estimates. It said the trends of the second half 1977 continued, as expected, In the
      179 words
    • ASIAN STOCK MARKETS
      • Article
        Hongkong
        322 8 HONOKONO: The stock market closed steady In slow trading yesterday, dealers said. Most business was concentrated on blue chips, such as Hone Koag Bank which gained 20 cents to HK$ 17.40 and Jartias Mathesoa which closed unchanged at $12.50. Swire Pacific 'A' also held steady at $5.70. Second line
        322 words
      • Article
        Tokyo
        419 8 TOKYO: Bhare prices closed higher yesterday in moderate trading led by constructions on increased public works spending, dealers said. The Dow Jones average roae 13.70 to close at 5.158.30 with volume of 230 million shares. The New Index closed at 385.43, up 9 58. Cements, small-sired steels electric power
        419 words
      • Article
        Sydney
        260 8 SYDNEY: Mine* and banks firmed yesterday, with the Wale* rising 10 to 5.96 while CBC and AKZ firmed slightly The Sydney all-ordinaries was up 1.35 to 470.26 TO 11 Oenu rVDl'STRlALfl A.C.1 1«0 AN I 144 A P M 127 unch B H P MS 4-4 Bank NSW 536
        260 words
      • Article
        Manila
        135 8 MANILA: The stock market closed mixed yesterday with commercial and mining averages posting gains while oils declined, dealers said Turnover rose to 2.40 million pesos from Friday's 1.77 -nllllon. U Pesos Act Mining ooe +0.0004 Atlas Con A 14 50 0 8 Atlas Con B 14 50 ♦0.8 Bagulo
        135 words
      • Article
        Bangkok
        151 8 Asia Fibre Bangkok Bank 297 413 41* 3750 ♦a unch -4 60 Bangkok MetroBata 830 532 470 390 800 453 3035 -15 -8 -17 -i -100 -6 -90 -It -2 BerllJucker CarpelIntnl Charopnf Thai wire Dumex Duslt Than! FaberMertln First Trust Oenera Finance Indo-Thal Industrial Finance Corp J And
        151 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      104 8 study with Wblsey Hall OXFORD Institute of Administrative Mrfnjqi'mi'nt Institute of Bankers (if Chartered Secretaries Hi Admimstrators I nst of St.itistir .ins London Chamber of Commerce Industry HSC GCE A Level MCE SCGCE O Level London AEB GCE A ft O L'» Modem Mathematics for T> acht 1 Foulks Lynch
      104 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      789 9 V v '''v':-, -.M® < v i j 3K-aastwtiaK!afc mmSm fiifekfc#? afsHgg|g BMIP $"> "Jf V. -V; 'M Vi a V r. V- "V" S&\ ,<vV. i mmM: $:A I'Vxri-- :Sv:-V .-i ft -W :V>r- > -.y v "-< J v > v' j >V: </ i*&?s;' mmm?€ >*•« m.,mr
      789 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1406 10 BID and offer price* officially listed artd bualnest in and reported to the Btock Exchance of Singapore yesterday with the number of sharea traded rtxrwn in bracket* in lota of 1,000 unit* unices otherwise specified. All Time Settlement Contracts are quoted after the world "sett/' Big Board deal
      1,406 words
    • Article
      Government bonds
      129 10 4 3/4* 1/5/78 (250,000) (100.608 100.70S) 5 1/4% 18/10/78 (250,000) (101.208 101.255) 6 3/4% 15/8/80 (250,000) (103.60B) 4 3/4% 18/8/88 (250.000) (99.478 99.575) < 3/4% 1/12/88 (200,000) (103.70B) 5% T F 15/4/81 (250,000) (101.50B) 5% T F 15/18/81 (250,000) (101.45B) 5% T F 1/5/83 250,000) (100.058 100.158) 5
      129 words
    • Article
      Stock options
      351 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. Cold Storage (March 81.78) 0.288 0.325). (June 81.78) (0.328 0.388) C and C (Marcb (2.20)
      351 words
    • Article
      In Kuala Lumpur
      1365 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets la lots of 1,000 units unless otherwise specified INDUSTRIALS AMI (1.328). AJlnamete (2.128). Alaam (1.708 2.7 M) (1) 1.70. A
      1,365 words
  • Article
    Unit trusts
    144 10 SINGAPORE UNIT TRUST iNuum' Brian tar Feb 14) INCOME BOND UNIT (Carnal prteee) The Commerce The Saving Fund S pore Prof Fund S pore Security Fund S pore invest Fund ASIA UNIT 1.77 1.12 0.03 1.00 1.10 o.n INCOME BOND 1.00 1.10 MARA BUMIPUTRA FUND 1.63 1.73 1.04
    144 words
  • Article
    SHARE INFORMATION SERVICE
    2387 10 1*77/1978 High Low Company Last flak +erGr'i Div Dt» Ctt Gr'» Y'M Net P/E Vel C999) Day High Low SECTION ONE 1 INDUSTRIALS 154 200 119 200 88* 205 100 280 422 140 132 105 at 212 57* 155 144 182 350 01 Acma Alcom Allied Choc
    2,387 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      155 10 QOLLECTINQ Oriental Anticnej by Judith Moorhouse and Dries Blitz Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive for the average collector. This myth is perpetuated by all
      155 words
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  • Article, Illustration
    Bulls return towards the close
    754 11 SINGAPORE THE excited tone of the market as itdoeed last week waa not evident when the market first opened yesterday. However, the hulls returned in force towards the cloee of trading which was very active. Selective buying was noted in several sectors and turnover jumped
    754 words
  • Article
    Kuala Lumpur steadier
    603 11 BETTER buying Interest all round made for a steadier market on the Kuala Lumpur Stock Exchange yesterday. Trading, while still selective, was active and fairly widespread with good gains recorded by the majority of traded Issues. The losers yesterday were the financial stocks. Speculative lower-liners stole the
    603 words
  • Article
    F. Merlin queried
    94 11 THE KUALA Lumpur Stock Exchange (KLSE) has written to Faber Merlin Malaysia for more details relating to the sale of 443,000 shares In Tanjong Tin Dredging (to Pa hang Consolidated) by its whollyowned subsidiary, Faber Union Sdn. The KLSE wants to know If the transaction will result
    94 words
  • COMPANY NEWS
    • Article, Illustration
      MARKET NOT GIVING SIME SHARES THEIR DUE
      1666 11  -  By MANO SABNANI SIME Darby's market rating does not reflect the multinational group's rising profit trend, strong balance sheet or expansion prospects. This is the view held by international brokers James Capel (Far East) who feels that Slme's share price has been depressed
      1,666 words
    • Article
      Tanjong, Gopeng suffer output setback
      124 11 GOPENG Consolidated and associate company Tanjong Tin Dredging, two smaller British tin mining companies listed on the Kuala Lumpur Stock Exchange, have both suffered a further setback In production. For the first three months of its current financial year ending Sept. 30. 1978, Gopeng's production
      124 words
    • Article
      Jacks has come a long way
      207 11 OVER the past 58 years, the William Jacks group has undergone a metamorphosis. From a company engaged in the Import and sales of sundry goods, It has changed to one whose principal activity today is that of marketing and servicing of a comprehensive range
      207 words
    • COMPANY MEETINGS
      • Article
        Malaysian Tobacco Com- pany Berhad
        28 11 THE following company meetings are due: Feb 15 at the Rajah Room, Kuala Lumpur Hilton, Jalan Sultan Ismail, Kuala Lumpur at 11.00 am.
        28 words
      • Article
        Yeo Hiap Seng Ltd:
        52 11 Fri- day. March 11 at the 11th floor. Shlng Kwan House, Shenton Way, Singapore 1 at 12 noon. An extraordinary general meeting of United Asbestos Cement will be held on Friday, Feb 24 at the 12 floor. Fltzpatrlck's Building, 86, Jalan Raja Chulan, Kuala Lumpur at
        52 words
    • Article
      DIVIDENDS ANNOUNCED
      200 11 Cwrwt b Data Total fee Total for payment Date payable Ike year Southern Klata Cew<M) ISO%<C) Jan 10 Feb 15 IS0% Southern Malayan Tin Dr*d«tn«(M) »*<C) Jan 10 Feb 18 96% MTC 39% Jan 1 Feb 16 90% 90% Tenter lob 3.5*1 Febl Feb 22 3.9% 11.9% Peril*
      200 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      345 11 from FEDERAL PUBLICATIONS l IM tit. ft IJK L -?>Sy, mil 1 J§. iik:■= i\ i )V; a step~by~step guide An easy to understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger of even the
      345 words
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  • Article
    Lock icon Hints of EEC impatience with Japanese
    693 12 AP Reuter A DELEGATION from the European Economic Community opened working level trade talks in Tokyo yesterday with Japanese officials, seeking significant Japanese concessions by the and of this summer. 'The EEC delegation presented the Japanese with four major concession demands: that Japan purchase
    AP; Reuter  -  693 words
  • Article
    CONSTRUCTION INDUSTRY IS THE RISING STAR
    571 12 CONSTRUCTION will be among the high growth Industries In Japan for this decade with an expected growth of 1.3 points from the 10.06 per cent of Japan's entire domestic production in 1970 to an estimated 11.32 in 1980. This prediction was made by the
    571 words
  • Article
    Lock icon Payments deficit dip likely
    467 12 Reuter THE Organisation for Economic' Cooperation and Development (OECD) area la expected to have a combined current accounts payments deficit of between US$lB and $20 billion (5941.0 and $48 billion) this year, down from a downward revised estimate of a $30 billion deficit last year. In
    Reuter  -  467 words
  • Article
    FINLAND MAY DEVALUE MARKKA AGAIN
    123 12 FINLAND'S parliamentary bank commission is meeting In Helsinki to discuss a possible devaluation of the Finnish markka to stimulate exports and reduce 'unemployment. The commission will hear tram the central bank before putting a proposal to the Cabinet, which will autke a final ruling, probably
    123 words
  • Article
    LONDON STOCKS
    596 12 LONDON, Mon. Stock prices lost ground slightly in quiet trading, dealers said, and at 3 p.m. the Financial Times Index was down 1.9 at 469.1. Government bonds eased by up to 1/4 point after losing up to 3/8 initially while equities held steady around easier levels. Dealers said
    596 words
  • Article
    Korea Exchange Bank chief due in S'pore
    232 12 THE priiliit of the oldest Ktnu baak ia Siagapore, Korea Exchaage Baak. will bt visitiagtae Republic later tide week. Mr. Kim Jooo Sung will arrive bore on Tharsday maiaf for a one-day stay. Tke Korea Exchaage Baak act up a repreeeatative office here
    232 words
  • Article
    Lock icon Seoul loosens grip on forex controls
    236 12 Reuter AFP SOUTH Korea will allow local business firms to float bonds on foreign capital markets and to hold foreign exchange for export and import transactions under measures effective today. A Finance Ministry official said: "With this country's increasing foreign exchange reserves, the government
    Reuter; AFP  -  236 words
  • Article, Illustration
    UK prepares bids for Peking orders
    611 12  -  •y GERALD COLVERD LEADING UK mining equipment manufacturers are now preparing bids for multi-million pound orders to provide machinery for China's mechanisation programme. Visits by executives of the UK companies Dowty Mining Equipment, OulUck Dobson and Scotland's Anderson Strathclyde were made at Peking's invitation.
    611 words
  • Article
    Lock icon Search for iron ores
    243 12 AFP CHINA will go all out to prospect for high-grade iron ores for its fast developing steel Industry, Radio Peking reported yesterday. This is just one of the many resolutions adopted at a national conference on geological work held recently at Shanghai which laid down target
    AFP  -  243 words
  • Article
    Lock icon Keidanren says growth must exceed 6pc
    310 12 UPI A TOP Japanese businessman who will leave for Peking today to sign a US$2O billion (8*46 bllUon) pact said Japan has to achieve "more than a 6 per cent" economic growth rate this year to tide over the current recession. Mr. Toshlwo Doko,
    UPI  -  310 words
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      Page 12 Advertisements Column 1
      3 12 SEE PAGE 3
      3 words
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      Page 12 Advertisements Column 2
      326 12 Slow boat from China CHINA TRADE QUARTERLY Far East Publications g j 1913, Hangtung Cantra, Peterson Street. Causeway Bay. Hong Kong. I I I Please enter my full aubecription to China Trada Quarterly. lam enclosing a cheque/money order for US$2OO.OO or equrvelent in other currencies. I IPtaaaa forward issue (slat
      326 words