The Business Times, 17 February 1978

Microfilm: NL9611
Total Pages: 12
1 12 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, FEBRUARY 17, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Foreign holdings up
      70 1 AP. WASHINGTON, Thurs. Foreign governments increased their holdings in U8 assets by US$l5 billion (8*34.5 billion) to the fourth quarter last year, surpassing the $7.0 billion Increase to the third quarter. Commerce Department said today "large intervention purchases of dollars in exchange Markets by several major industrial
      AP.  -  70 words
    • Article
      Lock icon Hitachi denial
      77 1 AFP. TOKYO, Thurs. Hitachi Co. of Japan, allegedly Involved in a multl-milllon-dollar Japan-Korean subway payoff scandal, today admitted it had made a profit of over 460 million yen (Ssl .2 billion) in the 1973 Seoul subway project, but denied any mrpngdotog. /The firm's spokesman dismissed an allegation that
      AFP.  -  77 words
    • Article
      Lock icon Kriangsak on tour
      58 1 Reuter. JAKARTA. Thurs. Thai Prime Minister Kriangsak Chamanand will be personally welcomed by President Suharto when he arrives here tomorrow at the start of a tour to meet fellow-leaders of Asean. His 12-day tour will also take him to the Philippanes, Malaysia and Singapore. It will be
      Reuter.  -  58 words
    • Article
      Lock icon Aggressive sales
      58 1 AFP. bONDON, Thurs. Britain is exploring the scope tor selling warships to China, the Dally Telegraph said today. ->It quoted an official of the British Marine Equipment Council (BMEC) as saying the sales eould involve naval patrol craft, parts, equipment and various systems. The patrol craft could taKlude
      AFP.  -  58 words
    • Article
      Lock icon French takeovers
      67 1 Reuter. PARIS, Thurs. French left-wing proposals on the nationalisation of banking and large Industrie groups could become law before the end of June If the Left won the March general election. Socialist Party leader Francois Mitterrand said shareholders would only start to receive compensation in 1979 and could
      Reuter.  -  67 words
    • Article
      Lock icon Jetro seminars
      69 1 AFP TOKYO, Thurs. Japan will hold trade and burtaess seminars in 10 more US cities a t promoting exports of US goods to Japan. The Japan External Trade Organisations (Jetro), together with the U8 Department of Commerce, has been holding such seminars in the United States since last
      AFP  -  69 words
    • Article
      Lock icon Road project
      46 1 AP. WASHINGTON, Thurs. The World Bank announced today a loan of US$llO million (***** Jgillllon) to Thailand for road development. About 670 km of provincial roads, will be constructed or Improved. This Is the sixth road proIn Thailand to be supported by the World
      AP.  -  46 words
    • Article
      Lock icon Dow Jones
      66 1 UPI. NEW YORK, Thurs. The dollar's persisting Weakness on foreign exchange markets helped send prices lower after one hour of trading of New York Stock Exchange Issues today. Turnover was Ught to moderately active. •1 The Dow Jones Industrial average was off 5.45 points to 756.24 shortly before
      UPI.  -  66 words
  • Chief Price Changes
    • Article
      In Singapore
      112 1 Rites Most active QlUfc Aucri-U AIcom NBT 900 370 354 308 181 +90 +8 +8 +8 +8 API F. Merlin Ben Pa hang Con* 598.000 ■178.000 147,000 144,000 88 +7 /"mover: 3.24 m CwPlut 482 +8 Total Value: $5.10 m Dml^Ltd 428 238 +8 +8 Indices 217 +8
      112 words
    • Article, Illustration
      In Kuala Lumpur
      134 1 Rises Most active Negri 8emb. 3.10 Cfcstlefleld 8.10 Boustaadco 1.60 N8.T. 1.82 Keck Seng 2.16 Sim Lira 0.88 L. Perm* 1.90 Falls +.12 +.10 +.07 +.06 +.06 +.05 +.05 '®8 a S™™,. J15 0110 u. Ceramics 182,000 Total Turnover: 4.15 m Total Value. MM. 18 m Indices
      134 words
  • Article
    Exchange gives all-clear signal
    822 1  -  TWO DISSENTING COMPANIES ir CHAN BONG SOO THE STOCK Exchange of Singapore has officially confirmed the incorporation of Securities Clearing and Computer Services (Pte) Ltd (SCCB). The Exchange said that it is hopeful that SCCB will be fully operational sometime towards the end of the year.
    822 words
  • Article
    SAUDIS RENEW FAITH IN DOLLAR
    117 1 SAUDI AraMa yesterday reaffirmed both its confidence in the dollar and its determination to continue selling oil In the U8 currency. The statement came in an official communique Issued by the Saudi News Agency. It recalled the declaration on these two points by Crown Prince
    117 words
  • Article
    BICC starts joint venture in Jurong
    777 1  -  JOHN TAN ONE of the largest companies in the UK has set up Its first plant In Singapore to service the petroleum Industry In the region. The $3.2 million factory, a joint venture with local interests, will start production in June. It has been
    777 words
  • Article
    Meeting to effect straits scheme
    147 1 OFFICIALS from Singapore, Malaysia and Indonesia will meet In Singapore on March 2 and 3 to discuss the implementation of the Traffic Separation Scheme (TSB) in the Straits of Malacca and Singapore. A spokesman for the Communications Ministry In Kuala Lumpur said yesterday that Malaysia
    147 words
  • Article
    Wholesale prices
    81 1 SINGAPORE'S wholesale price Index (base 1974) fell 0.54 per cent in November last year to 110.1 over October but rose by 2.90 per cent compared with November 1976. Statistics Department figure show that the Index of Singapore manufactured products fell by 0.64 per cent to 108.2 In November
    81 words
  • Article
    Billion $ West German surplus in US trade
    257 1 Billion West German surplus in US trade WEST Germany, at odds with Washington over economic policies, announced yesterday that it recorded a 1.174 billion mark (551.31 billion) trade surplus with the US last year alter a 3.143 billion mark deficit the year before. In announcing the figures, the Federal Statistics
    257 words
  • Article
    Citicorp's A$ bond listed on SES today
    552 1  -  •y SON TUNG KENG THE first Euro-Asian bond denominated In Australian dollars will be listed today on the Stock Exchange of Singapore. It U the AIIS million bond issued by Citicorp Overseas Finance Corporation NV. the fully-owned Dutch subsidiary of Citicorp of New
    552 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      6 1 COPIES ANYTHING FITS ON A TABLE-TOP
      6 words
    • Advertisement
      Page 1 Advertisements Column 2
      122 1 When all banks are pretty much the same, ACBC service makes the difference. Everyone knows that all banks offer pretty much the same facilities to their customers. But what makes one bank better than the other is its service. Whether you are opening a letter of credit or you need
      122 words
    • Advertisement
      Page 1 Advertisements Column 3
      30 1 ma WHAT KL iam BT tw» 2MM «f CASK ti KiakLi MmOPAD 2, CBOMWOSDO X AIBCBAPT KBSDULB S, WIATHBB C. TV RADIO I, STRAWS Of IB WIND 7, BRISTOW 7.
      30 words
    • Advertisement
      Page 1 Advertisements Column 4
      115 1 SINTAT Rent •a-Car IT TAKES MORE THAN TOP QUALTTY SOUND TO CREATE AN EXCEPTIONAL HI-FI STEREORECEIVER. B AO BEOMASTERS ARE ALSO CREATED: SIMPLE, FUNCTIONAL, RELIABLE. m BEOMASTER w™ magic touch controls FM stereo tuner/amplifier Power RMS 2x30 watts (music power 100 watts) P CAM A OTCP AM/FM Stereo tuner /amplifier
      115 words
Page thumbnail Page 2
  • TRADE AND INDUSTRY
    • Article
      Price hike vital to tin industry
      1035 2 MALAYSIA'S tin miners fear their industry my continue to decline unless tin prices are increased to meet rising production costs. If prices fall this, year because of expected American sales of stockpiled tin, many small quarries could be driven out of business, they added.
      1,035 words
    • Article
      Lock icon US likely to soften on buffer stock price range
      462 2 UPI. THE U8 would probably agree to a small Increase in the International Tin Council's buffer stock price range at the council's next meeting. Private mining sources in La Pas, Bolivia, sakl, "We have news of a change In US policy
      UPI.  -  462 words
    • Article
      Minister of State to open offshore show
      270 2 THE SENIOR Minister of State for Finance, Mr. Goh Chok Tone, will open the Offshore South-east Asia Exhibition and Conference at the Hyatt Hotel on Tuesday, Feb. 21. Following Mr. Ooh's opening speech, Mr. James Alt Ins (a former U8 ambassador to Baudl
      270 words
    • Article
      Italians will steal the limelight at Sibex expo
      214 2 ITALIAN companies will be the major exhibitors In the forthcoming building and construction exhibitions at the Hyatt and Goodwood Park hotels from March 1519. There will be 42 companies from that country displaying products such as marble, ceramic tiles, hardware and furniture.
      214 words
    • Article, Illustration
      Sam is geared to make deep impressions
      129 2 A SOPHISTICATED dhrtaf aalt tkat mmhlm a dfrrar to ataa ka AnUjrtitiUki ifthn MMH— at tke Byatt Hotel trmm Fob 31 to U. TW apaoi m, nht Mm suit called But, is thi aaly <mm of Ito kind ia tke wrii TWa la
      129 words
    • Article
      Lock icon A fat year ahead
      376 2 Reuter WORLD production of fats and oil* this year could reach a record SI million tonnes from last year's 46.5 million tonnes. An lnter-governmental group of the UN Pood and Agriculture Organisation (PAO) said this should produce ample export supplies and hold prices befcrw 1977 levels,
      Reuter  -  376 words
    • Article
      KL insurance industry accord on new rules
      406 2 THE INBURANCE industry in Malaysia has finally agreed on the new agency rules that determine the new commission rates which principal •tents, brokers and ordinary agents will receive when the proposed fire tariff comes Into force. At a recent meeting in Kuala Lumpur,
      406 words
    • Article
      SARAWAK POSTS LOWER TRADE SURPLUS
      206 2 SARAWAK'S trade surplus dropped by 10 per cent to M 5950.7 million during the first 11 months of last year. According to figures from the Statistics Department, the state's exports chalked up 91,903 million, a drop of one per cent during the period while Imports
      206 words
    • Article
      Libya's soft loan to Malaysia
      115 2 LIBYA will provide Malaysia with a US9IO million (8923.3 million) development loan under an agreement signed In Kuala Lumpur yesterday The soft loan is repayable over 15 years with six-year grace. It was offered to Malaysia durlnc the visit of Malaysian Prime Minister. Datuk Hussein
      115 words
    • Article
      MEMO PAD
      212 2 COURBEB AND TALKS 'C DATES ivrt.it LOCATION ORGANISER Feb 13 Administrative YWCA, Marine University of Mar 31 management Parade Singapore Feb Su 17 Community Antenna Hyatt IREE Television 17,18 Improving Manager's u effectiveness HUton Consulasla 27,28 Finance for sales and marketing management Hilton Consulasla Mar 1,2 Maximising profitability
      212 words
    • Article
      Four new NPB courses
      172 2 THE National Productivity Board will be organising four courses from MarckA The first course material store accounting and control (March 6-19?ts for executives to give thefcfe picture of Inventory valua* tlon and accounting tecttiflques. Topics include std£k level setting, store docIE mentation and material coating. The
      172 words
  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      644 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 Many go to health resorts for brief spell (5) 8 Welsh townsman (5) 10 Too long to rush madly round the ring (5) 11 It's as well to duck (3) 12 Go quietly, tike a burglar (5) 13 Time lag) (7) 15 to punish
      644 words
Page thumbnail Page 3
  • OVERSEAS
    • Article
      Lock icon Miners resume negotiations
      615 3 Agencies. U8 PIT owners and striking cool miners, urged on by President Carter, resumed negotiations yesterday to end the crippling 73-day eoal strike. The walk-out by 100,000 miners, the longest pit stftke in U8 history, has caused substantial electricity cuts in several eastcentral States, hit lndqfttrial production
      Agencies.  -  615 words
    • Article
      Lock icon BUNDESBANK CALLS FOR MODERATION
      192 3 Reuter GERMAN company earnktgt thia year eu be increaaed on a luting baaia only if this year's wage InetMM are well below the 1927 level. "Kmployeeo' effective pay. I9U laat year probably iacreaaed try around the 5.5 Pf* cent which waa the growth of the total
      Reuter  -  192 words
    • Article
      Lock icon Italy exceeds credit growth ceilings
      415 3 Reuter. ITALY has exceeded the limits set by the IMF and the EEC on growth of Internal credit In 1977. According to a study by Banca Commercials Itallana, in the first 10 qjbnths of 1977 total internal credit expanded by 26,940 billion fire, (about SI7B
      Reuter.  -  415 words
    • Article
      Lock icon CBI puts off decision on pay guideline clauses
      516 3 Reuter, AP. BRITISH industrialists have postponed a decision on the proposed pay guideline clauses In government contracts pending further talks with ministers. Confederation of British Industry director general, Sir John Methven met Prices Secretary Roy Hattersley and Employment Secretary Albert Booth, at
      Reuter,; AP.  -  516 words
    • Article
      Lock icon SEC urges firms to provide data projections
      607 3 Reuter. THE US Securities and Exchange Commission (SEC) said corporate management should be encouraged to provide sales, earnings and other data projections for their companies. The agency announced what eventually may turn out to be policy In what was described as an initial
      Reuter.  -  607 words
    • WORLD IN BRIEF
      • Article
        Lock icon FINNS FLOAT YEN BOND
        556 3 Agencies. FINLAND is expected to sign in Tokyo today a contract with a Japanese underwriting group led by Yamaichl Securities to float a 25 billion yen (***** million) bond on the Japanese capital market this month. Cabinet counsellor at the Finnish Finance Ministry, lir. Osmo Kali
        Agencies.  -  556 words
    • Article
      Lock icon Chile copper production
      362 3 Reuter. CHILE will maintain copper production this year at the same level as last year, even If other producers decide to cut output. Mr. Orlando Urblna, executive vice president of the State Copper Corp, said Chile's production last year totalled almost one million tonnes and a similar
      Reuter.  -  362 words
    • Article
      Lock icon Witteveen hopes US will ratify facility by summer
      284 3 Reuter. THE DELAY by tha US Congress in ratifying the International Monetary Fund's sunplementnry financing facility has boon a setback for the internationnl adjustment process, the Fund's Managing Director Jphsanos Witteveen Mid. The delay has boon very unfavourable to the international altuatien
      Reuter.  -  284 words
    • Article
      Lock icon Continued slide of US dollar worries OECD
      1019 3 SIZEABLE CAPITAL OUTFLOWS Reuter. THE US dollar has depreciated by about 5 per cent In trade-weighted and cost price-adjusted terms since the end of 1976, according to a report from the Organisation for Economic Cooperation and Development. Informed sources said although this should
      Reuter.  -  1,019 words
    • Article
      Lock icon MALDIVES IN ADB
      95 3 AP THE Republic of Maldives has been admitted as a member of the Manilabased Asian Development Bank, raising its regional membership to 29 and total membership to 43. The ADB said Maldives has subscribed to 35 shares of the Bank's capital stock at a par value of
      AP  -  95 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      809 3 If you need help in a strange town, your best companion may be the Card. When you're away from home, it's nice to know that there's a place you can turn to for help when you need it. When you're an American Express Cardmember, you've got the place. In fact,
      809 words
Page thumbnail Page 4
  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      305 4 THE market closed steady in Singapore yesterday with March One RSS buyers quoted at 203.75 cents per kilo, up one cent from Wednesday's close. Morning prices rose fractionally on some buying interest. The morning session steadied further on speculative buying and reserve of sellers. In
      305 words
    • Article
      RAS PRICES
      304 4 R. A.8 prices In cents per kilo yesterday: Noon (parIdlo) Clow (per kilo) Int. 1 R.8.8. prompt f.o.b. Int. 1 R.8.8. March Int. 1 R.8.8. April Int. 2 R.8.8 UK/Coot. Int. 3 R.8.8. UK/Cont. Int 4 R.8.8. UKrfCont. Int. S R.8.8. UK/Cont Buyen 303.25 303.25 204.00 IM.00 130.00
      304 words
    • Article
      SSR AND SMR
      88 4 NOON 88R and SMR prta m jeaterdar HAS Man* (CtRM MU) Bijrwi Salftw (fin yea ni4Mtk) SSR 20 SSR50 MKELB (1—ion pallet) (1-ton pallet) <«•■*• U) 194.00 199 00N 103.00 194 00N (SMt 109.00 103.00N Stliifi 100.00N 100.00N SMR9CV SMR SL SMR 5 SMR 10 SMR 30
      88 words
    • Article
      Closing prices
      19 4 IMRMM. •Jsir" 1 iiwfc MJ« Mata (op S.M oaat) Tta: 11, MS (4n SIS) 0«cUI Mmf, 147
      19 words
    • Article
      Sugar
      253 4 SUGAR futures opened £1.15 to £0.90 per tonne down from Wednesday afternoon closing levels In London yesterday. Turnover totalled 722 lots. Dealers said the market continued its bear trend. General selling was met mainly by scale-down short covering. All positions traded at new life of contract lows except near-March
      253 words
    • Article
      Produce exchange
      373 4 PRICKS held steady In dull trading »t the Singapore produce market yesterday. Ail prices were quoted unchanged by the Singapore Chinese Produce Exchange (SCPE). No arrivals were reported tor all the commodities There was some flutter in the copra and coconut oil sectors caused by Inquiries from West
      373 words
    • Article
      Hongkong comex
      375 4 THE sugar market closed easier In quiet trading Losses ranged to around UBO.lO cents In March and September as continuous trade house selling was only partially contered by scattered commission house purchases. Turnover rose to 18 lots of which 10 were in the March position as the Feb
      375 words
    • Article
      Palm oil
      55 4 C IT. 08 dollar* per ton. LONDON: Pnrt«i Malaysia SS ffa bulk May Sumatra S% ffa PM> March as 1 June Nifaria t% ffa tialk ROTTXRDAM Sumatra r*b Zaire (Belt franca par kilo) SMSOtfr M»p4 nstwvnpd MtMPd MO pa SISpd uoq M6pd unq 517 Nr MQbyr M|N MMWtl
      55 words
    • Article
      Cocoa
      259 4 TERMINAL cocoa eased by t'16.90 to £7 per tonne In early trading against New York, having opened £3.50 up to £7 down in London yesterday. Dealers said sentiment was affected by trade reports that Nigeria was within C 5 per tonne of meeting the market last nljbt for March/
      259 words
    • Article
      Rice
      118 4 BANGKOK rice prices yesterday were unchanged from Wednesday's. In HONOKONO yesterday, the market was steady with prices up to 60 cents higher. Turnover totalled 378 tons comprising Thais 107. Kwantgungs 102 and < Australia* 76 tons. There were no arrivals. (All prtcai in HK do!lan par pieul ex-todown untaas
      118 words
    • Article
      Soybean
      163 4 SOYBKAN futures dosed In Chicago 1-1/2 cent a bushel lower to 2-1/4 cents higher after trading within a five cent range on Wednesday. Improved overseas demand and the report from Brazil that a smaller soybean crop is expected to help stimulate eatly speculative buying which brought a slight firming.
      163 words
    • Article
      Wheat
      87 4 WHKAT futures dosed to Chicago at the day's lows with losses of three to 1-1/4 cents a bushel on WedneePrlces firmed Initially on speculative buying encouraged by overnight and expected export activity: But thebuytng was not sustained and prices fell back under the tnftuence of increased farmer setting of
      87 words
    • Article
      Straits tin
      207 4 THE Btralta tin price in Penang dropped 1010 per ptcul to $1,905. Deapite London'a recovery on Wedneadajr, aentlment here turned weaker following Increased Un concentrates deliveries by miners. Turnover roae to 347 tonnee from Wednesday'a 186 tonnea. In LONDON yesterday, tin declined by £60 for cash and £37
      207 words
    • Article
      Zinc
      111 4 ZINC finished the morning in London with gains of CI for cash and C 0.50 for Three Months. The metal softened on the pre-market reflecting the general trend but ring levels were steady on smallcovering and further influential borrowing operations. Sales of 3.600 tonnes were mainly carries. Zinc on
      111 words
    • Article
      Coffee
      232 4 AT END-morning yesterday in London, values were £25 to £55 down. Turnover totalled 1,560 lots including seven options. The market eased as commission house and local selling met only scale down trade buying and general short-covering. Traders said physicals were fairly quiet with buyers reserved, particularly in arabicas, while
      232 words
    • Article
      Copper
      302 4 COPPER wlrebars finished yesterday morning In London with cash up £0.50 and Three Months unchanged. Dealers askl the early premarket waa marginally lower under light liquidation prompted by the late New York trend and the overnight report that Chile intends to maintain copper production at the 1977 level, even
      302 words
    • Article
      Silver
      200 4 BILVER closed 0.1 to 0.6 pence higher in London yesterday. The overnight advance at New York and strength in gold were the main sustaining influences, dealers said. However after trading up to 263.0 pence In the premarket, prices receded partially although they held very steady In the ring as
      200 words
    • Article
      Gold
      366 4 FOLLOWING strong closlnc in New York, the kllobar in Singapore opened at 8113,499 and closed at $13,463. In the London market the metal opened at U*****.60/90 and ralbed to a high of 5179 85/160 OS. after which profit-taking appeared and the market eased off throughout the day to close
      366 words
    • Article
      Lead
      105 4 LEAD fell mostly £4 per tonne in London yesterDealers said substantial liquidation, chart and stoploss selling unsettled the premarket where Three Months traded down to £305 the lowest level since mid-August, 1977. However, good shortcovering support subsequently pared losses during ring and kerb dealings. The early decline was against
      105 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        547 4 THE US dollar held steady on the forex market yesterday after two days of losses. ACU rates also firmed up marginally from the previous day T s closing. The forex market was generally steady yesterday and the rate movements between the major currencies were limited to minor fluctuations.
        547 words
      • Article
        Minimum lending rates
        44 4 ACBC pint Ckleege 7 Bamk 7 Btifkik Bilk 7 BukrfAMrki 7 ■MktrfCkte* 7 Buk «f Takyo 7 But Nmu* J r 7.* Sgte- 1 T OCBC $M OUB 7 CkarUrad Baak 7v» UCB TH Chmm Mirtaitm 7 was ri vom 7
        44 words
      • Article
        Asian $ rates
        147 4 Asian rates ASIAN currency deposit Interbank nttee ee it cloee on nb It: Sr-vr 7«ay» 1 mtta 1 mine Imtiie 6 m the mute It BIUM 4U/M -.7 Ul .7 1/1$ .7 7/U 7 V« .7 1VK mini i t u/i« T t vie 7 tnt m 7 ll/lt 7
        147 words
      • Article
        Discount
        36 4 RAMOS or m Off M by dui 3 n 4 u, 1/1 11/1 > 1 »-MonUi Trweury MD l-MOotl) Btnk MHs w S 1 t 1 1 1 1/11 »-Month 1/M Source: National Discount Co Ltd.
        36 words
      • Article
        Tokyo
        133 4 THK dollar for overnight delivery closed at 240.00 yen, compared with a 240.25 opening and 240.17 at Wednesday's cloes, after central bank Intervention. Dealers estimated the Bank of Japan bought 0190 million throughout the day, first at 240.10 yen in the H*nantti| when the dollar fell on ssflUtag by
        133 words
      • Article
        London
        228 4 THE dollar yesterday opened well down on Wednesday night's closing levels in the wake of its decline in New York and the Far East but moved off Its early lows reached against the mark-and Swiss franc. Trading was generally thin but the market remains very nervous. News of a
        228 words
      • Article
        New York
        173 4 THE dollar fell sharply against major currencies in thin, nervous trading on Wednesday. The market continues to reflect general pessimism about the near-term outlook for the dollar as attention has shifted from sterling and the French franc back to the US currency. The mark rose above 48 cents
        173 words
      • Article
        Hongkong
        103 4 THE yen strengthened to 239.65/85 against the US dollar, above Its 240 Tokyo close and despite Bank of Japan's Intervention there. Elsewhere, trading was quiet, with the dollar quoted at 2.0720/35 marks slightly below New York's cloee and at 1.9020/ 55 Swiss francs. Sterling weakened in late trading here
        103 words
      • Article
        Australian/NZ
        49 4 A Q At U8TRAUA/NZ exchange* uotes on Feb 16: WTRALIA US dollar 1 ISM/ 1.1 JM Bt«rUn» O.MR/ 0 M26 JtoKyHajjMUr o^lbuyiDC TOdoltart 1 1004 tarward buytnc U8 dollar Wr* teli 1.1M3 ind: .UN/ o.saoo 1 KM/ 1.01M Mtaety-di Merita* 0 J8 dollar iy atnnatl buytnc rain *****
        49 words
      • Article
        Eurobonds
        246 4 STRAIGHT dollar bonds were marked down aboijt K point In quiet trad in# in London yesterday. EUROBOND price* quoted en FB> It: Mrml«kU BM Oflkr Total Oil SU S4 97.SO MBS mstimr Court* uld» 8t«**M MM MM MBS MVM EIOStaeMS FlaoniStc 10V.S7 IncoSM S7M i?jf M. 10) (7, K
        246 words
      • Article
        Zurich
        50 4 ZURICH exchanges closing quotes on Peb 15: os l fiw-aiao stg rtm-mi can nxn-rtr D Mk (l.MM-MM 0 fVB.TT1S-MM r Ft N S»-HM b rr t wn-tiu DKtSil e-MH N Kr K r*<0 24» S Kr 41-14S1-1XZ3 Ut SSB-BSt AM Ktl lt.1MS-tl44 Port CWJ-77H spam rmi-rrn Tao 7Wl mi
        50 words
      • Article
        Frankfurt
        33 4 FRANKFURT exchanges opening quotes on Feb 16: osr*no/a Can 1.MS0/40 Stf 4 01VOB DA n jm an m .M/Ti Uta.4M/«K rtr am/uio Mkr W.M/34 Bfr (eon) I.O/41 Bfr (fin) «.«l/0 Y»n I.MMI
        33 words
      • Article
        Euro $ rates
        46 4 Euro rates It, M-1/1C Call two day* H/I, t-1/4 «njm «*y* Ha and noun i-IVH. •-1MI Ont Mil 7-1/11. «-ii/M Two and Tim* mum T-M, 7-1/4 F»*yr mum 1-Wt. 7-*» F1»» MUM 7-11/11 7-«/)t Bta MUM 7-3/4. 7-VI KM* MUm 7-1VM. 7-ll/lt On* |W 7-lk/M. 7-lVli
        46 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      168 4 111 MONTHLY ECONOMIC REPORTS With monthly politico! supplement for UP-TO-DATE HANDY REFERENCE ASIA RESEARCH BIUHIN This unique publication offers businessmen each month a comprehensive guide tp the latest developments that have taken place in oil important sectors of the economies of countries in East ond Southeast Asia. The Bulletin is
      168 words
Page thumbnail Page 5
  • TRANSPORT
    • Article, Illustration
      TOKYO YARDS AND THE FACE SAVING GAME
      1909 5  -  By DOUGLAS RAMSEY CAPTAINS OF Japan's shipbuilding ln- dustry at Mitsubishi Heavy Industries, are thinking the .Unthinkable: "I do not think that we shall have to dismiss any workers, but It depends on how bad the situation becomes," Mr. Yutaka Aokl, vice-general manager
      1,909 words
    • Article, Illustration
      SHIPS IN PORT
      473 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES T Benloyal (hauls after Straat Clarence sails Must head West UTM/L) 33/34 Cherry Vllja (B. Barge) (0800) 48 Kldrlc B (Bulk Wheat) (after Bougalnvine ft Sprlngbank) 6/7 Kim Ann (1800 after Hogh Orchid) 10/11 rfrlstln Bakke (after w Holly) 47 c> Llca
      473 words
    • Article
      Lock icon United Airlines gets nod for Tokyo link
      287 5 UPI. THE US Civil Aeronautics Board on Wednesday gave United Airlines tentative authority to link Seattle and Portland with Tokyo, the first transoceanic route ever assigned America's largest domestic carrier. United said It plans to offer a cut-rate ticket price 35 per cent
      UPI.  -  287 words
    • Article
      Lock icon LONDON FREIGHT
      159 5 AP. SLOW conditions reflected weakness on a wide scale on Wednesday but the North Atlantic appeared to be the area of most concern to shipowners as transAtlantic grain rates continued to move lower. The bulk-oil carrier "Agios Nlcolaos" accepted U554.75 (FIO) for a 55,000tonne February 20-28 grain shipment
      AP.  -  159 words
    • Article
      Lock icon FAA plan secret
      128 5 Reuter. THE FEDERAL AvlatlOiv Administration (FAA) said* It would keep secret its plan for domestic operation or an aircraft landing system until bitter competition with Britain over selection of a system for International use was resolved. FAA deputy administrator Quentln Taylor told a congressional panel agency had
      Reuter.  -  128 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      753 5 ARRIVALS Service local Operator Number Time From KAL KE807 0015 SEL PAA PA005 0215 SFO/HKG CAL CI33I 0040 TPE/HKG/KUL MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL GIA GA980 1015 HLP
      753 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      149 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****56 Call us for your local or onward reservations —VT 4 k I A K Prestige position Your expensive car. It says you've arnved. Can you say the same thing about your office furniture? Your office desk, for instance. Is it all
      149 words
Page thumbnail Page 6
  • Article
    Tin crisis looms amid high prices
    485 6 THE PRICE of tin appears 111 ready to continue its opward climb with no celling in sight. Despite thenprice reaching record heights, the consumer oriented countries of the world have still not cut back on their reliance on the metal. Existing mines meanwhile are
    485 words
  • Article
    KLSE takes over
    250 6 THE Kuala Lumpur Stock Exchange appears to have reversed roles with the Singapore stock market in terms of market leadership. Yesterday the New Straits Times Industrial Index rose marginally to 299.78, a move through the last peak of 295.57 last July. In terms of volume, turnover In
    250 words
  • Article, Illustration
    Hurrying off to yet another land of Asian opportunity
    1436 6  -  Yesterday, correspondents described the building boom in Saudi Arabia, much eyed by Asian entrepreneurs; today, CAROLE CHONG, a Malaysian journalist based in Tehran, describes the Asian push in Iran and also makes some timely observations indicating that, for the unskilled immigrant
    1,436 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      705 6 np 7/ juL a smoapura FORUM gl HOTEL W Orchard Road, B'poeo t. Tsi: *****2 408/407 Havelock Rood, B'por* S. Tel: *****1 %r Orachid inn "»n OMii In tt>« orient" 214 Dunearn Road. Spore 11. Tel: *****2 %H Oxley RiW Pnu| Rood, S'porc 9. Tel: S79UI 9NGAPORE HLTON 181 Onhotd
      705 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      157 6 WEATHER: L ==3 WEATHER outlook for Singapore from 6 a.m. to noon today: Passing showers in the late morning FEB 16 28 The northeast monsoon is expected to remain generally inactive over most parts of South-east Asia although there are indications that small areas of unstable atmospheric/conditions have formed over
      157 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      256 6 SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee The Hand. A Mandarin film (Repeat) 4.30 Intermission 6.05 Opening announcements followed by Exercise With Gloria 3 6.30 News in Brief 6.35 Hazel (Repeat) 0 7.05 Serbanika (Malay) 7.30 News, Parliamentary Report and Newsreel in Malay 0 8.05 Sports Parade
      256 words
Page thumbnail Page 7
  • Article, Illustration
    Unctad has a hard time solving the debt burden
    1318 7  -  •y A. KADIR JASIN tfEAT generated at the abortive Unctad common fund negotiations in November-December had barely simmered down when the world body embarked on another major last week. This time it concerned an issue no less Important than commodities the
    1,318 words
  • Article
    STRAWS IN THE WIND
    778 7 THE POOR despised cockroach has at last come into its own, assuming Its true role of benefactor to the human race space research scientists In Texas are using a species of West Texas cockroach, the Arenlvaga cockroach, as a gulneapig for their experiments. Apparently, he has
    778 words
  • Article
    Price levels should be taken into account
    848 7  -  IfOBDMJ 1 ...on economics j h JOHN DRYSDALE John Drytdale ts a director of Asia Research Pit. Ltd. 18 IT conceivable that anyone could live Independently In Singapore on a total monthly expenditure of 3524 a month? This patently absurd notion represents an
    848 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      517 7 A Man's Job. The kind ot iob that goes with a successful tOmiwn« now looking tor a District Sales Managoi 'or Ipoh The Man 28 to 40 years ot age A degree trom a recognised University but persons with SC/MCf or Senior Middle 111 with 'he required sales experience will
      517 words
  • Page 7 Miscellaneous
Page thumbnail Page 8
  • INTERNATIONAL STOCKS MARKETS
    • Article
      Hongkong
      320 8 HONGKONG): The stock market firmed slightly in dull, featureless trading with little buying interest, dealers said. ju&M Matheeea roae 10 cents to $12.40. nirhbsa Wkasspsa 2.5 to 3.929, Swire PeeMe fire to 5.95, How leaf Laarf five to 6.66 and Wknlorfc 2.5 to 2.15. HeagKeagßaak was steady at HN.
      320 words
    • Article
      Lock icon Tokyo
      555 8 Source: DBS-Daiwa TOKYO: The stock market opened firm yesterday, centering on speculative issues such as Victor, Tojro Industrie* and Gnn Oom, the latter two marking new highs. Also, auto-related issues such as Toyota, NiaMn and Nlp- pom Demso firmed up. Such u pharmaceutical Issues as Elsai and Daiicki Pharmaceutical
      Source: DBS-Daiwa  -  555 words
    • Article
      Sydney
      286 8 SYDNEY: Share prtcee fell widely although tolas firm on the strong bullion prlc«, with Centre! N«r»—■■ rising 20 cents to a new high of A 56.00, dealers said. The Bydney All-Ordinaries Index sagged 3.99 to 462.26 points, on a total turnover volume of 3.16 million shares. re m Cents
      286 words
    • Article
      Manila
      65 8 MANILA: The stock market cloeed mixed yesterday with mining averages advancing slightly while oils and commercials declined. Turnover roee substantially to 4.64 million peeos from Wednesday's 1.49 million Basic petroleum fell one point while other oil Issues wsre unchanged. Sea Miguel lost two points while PLOT gained one point.
      65 words
    • Article
      Bangkok
      145 8 FEB 1* BahU Asia Fibre as -4 Bangkok Bank 407 •i Bangkok Invest 41* ■4 Bangkok-Metro-politan Bank Bata S30 unch Berll Jucker 532 +4 Carpet Intnl CharoongThal Wire 450 -4 Dumex Duslt Thtnl 383 unch Faber Merlin Ftrst Trust Oenera Finance 45* -2 Indo-Thal Industrial Finance Corp 2995 -20
      145 words
    • Article
      Amsterdam
      232 8 AMSTERDAM: Share prices closed mixed with AKZO, Hoof ovens and Uailovor slightly lower and Philips and Royal Dutch higher In Dutch Internationals on Wednesday. FEB IS FU AhokJ ***** ♦0.7 Akio 22 40 -0.1 Alfbank 342 SO ♦7 AMEV 80 20 -0.1 Am fas ***** Amrot Bank 70.30 1.8
      232 words
    • Article
      Brussels
      105 8 BRUSSELS: Belgian price* were mixed In trad in* on Wedneaday. than quiet FEB U Fn I I EST Acec Arbed Astur Brucan Bru-Lamb Canpac Cock DeBeers Ebes Electro bel Ob-Inno-Bm Oev Hobok Petro Ryl Dutch 8tdro SocOen Bel( Sofln* Solvay A Tanks U Mln V Mont 2330 «H 437
      105 words
    • Article
      Frankfurt
      234 8 FRANKFURT: The atock market firmed across the board on Wednesday, with buyers encouraged by the stronger tone on the bond market and the relative steadiness of the dollar. FEB li Dm Aef-Telefunken 91 90B Akxo 21 10B AlULeben 640 unch AUz Vers 4to ♦7 BASF 140 SO 4-1.5" BtyKTWbank
      234 words
    • Article
      Milan
      141 8 MILAN: The stock market closed mixed on Wednesday, In fairly active trading ahead of the bourse month closure due today. Flat, both PtrelUa, Olvattl privileged and Aafa were among leading industrials to show gains while Sals Vlecesa. OUvattTOrdiaaiy and Maatadiaaa eased on light profit-taking after the past day's recovery.
      141 words
    • Article
      Paris
      275 8 PARIS: Shares closed steady after a calm session helped by light buying Interest on Wednesday. FSB U Fri Air-Liquid* B8 N Oervatt Danone CS F<ThomionCIf) Cle Francalse des Petrotaa Compacnle Financier* 238 SO M6 140.30 M 70 unch HJ +0.2 ♦0 2 Ocnerale Credit Fonder De France Hachette (Ubealrta)
      275 words
    • Article
      Zurich
      205 8 ZURICH. Share prices on Wednesday were mixed in slower trading. The Credit Suisse index dropped 0.4 points to close at 206.4 points. FEB It Francs Actions Suisse* Aiusuisse Br Alusuisse Reg. Brown Bowl Br. ClbaOelgyBr Ob* Qetgjr PC... ClbaOelgyReg Credit Bullae Br Credit Suisse Ref BektrowattBr. Oeorge Fischer Br
      205 words
    • Article
      Jo'burg
      378 8 JOHANNESBURG: Gold shares on Wednesday were mixed towards the close after being marginally firmer for most of the day. There was very little support from either local or overseas operators, with prices initially marked up In line with New York's close on Tuesday night. Financial minings shadowed the trend
      378 words
    • Article
      Indices
      63 8 FINANCIAL TIMES INDUSTRIALS Wednesday 453.2 Tuesday 459 7 Week Ago 468 4 DOW JONES AVERAGE INDUSTRIALS Wednesday 761.09 Tuesday 765.16 Week Ago 782.66 LONDON DOLLAR PREMIUM Wednesday SOS to 80% Tuesday 79* to 80 H.K. HANG SENG Wednesday 405.74 Tuesday 409.58 Week Ago Closed SYDNEY INDUSTRIALS Wednesday 466.25 Tuesday
      63 words
    • Article
      CHICAGO BOARD OPTIONS
      1406 8 February 15 TRADING on the Chicago Board Options Exchange came to 86,152 contracts on Wednesday, compared with 78,874 on Tuesday. OPTION APL JLY OCT STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tet Am Tel AUR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank
      1,406 words
    • Article
      Toronto
      282 8 TORONTO: Share prices closed lower on Wednesday in moderate trading, with the composite index off mere than 1H points and declines leading advances 223 to AilCommunications Issues were sharply higher, however. Moore Corp added to 30* after announcing a dividend Increase. Closing volume totalled 2,097,203 shares against 2,800,540 shares
      282 words
    • Article
      New York
      934 8 HEW YORK: Stock traders, shrugging off a dividend boost by Amrieaa TsUphmn and T«Wgrmpk Co, sent the market Into its fifth straight decline on Wednesday as the Dow Jones industrial average hit a three-year low. Sentiment improved a Uttle at Mid-session when Aaericaa Telephone announced It was raising
      934 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      259 8 s 1- f 23 A* V./'i The three bosk needs and the three ports of Britannica 3 1. To get at the facts often a single fact easily and quickly, without having to reed a long articla in which that fact is ambaddad. This naad is sarvad by the 10-voluma
      259 words
Page thumbnail Page 9
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon NEB may sell off Ferranti shares
      238 9 EUROPEAN COMPANIES FT. LONDON: The likelihood that the National Enterprise Board will, this autumn, sell off someof Its shares In the Ferranti electronics concern, in acrt' cordance with existing agreements, was indicated by Sir Leslie Murphy, the r NEB chairman. As a result of
      FT.  -  238 words
    • Article
      Lock icon Ford to improve plants
      60 9 Reuter LONDON: Ford Motor plans to invest £250 million over the next five years on Improvements to its British plants. This Is In addition to the £180 million for the new engine plant built at Bridgend. South Wales. The £250 million includes spending on foundry work
      Reuter  -  60 words
    • Article
      Lock icon N. Sea blowout cuts Petrofina earnings
      464 9 FT BRUSSELS: The Belgianbased oil group Petrofina hu announced a 18.5 per cent drop In consolidated profit* for 1977 to 5.03 billion Belgian franc, largely due to the weakness of the dollar and last spring's dramatic Ekoflak blowout In the North Sea. But the
      FT  -  464 words
    • Article
      Lock icon Hoffman parent down
      93 9 Reuter BASLE: Parent company net profit of F. Hoffmann Laroche Und Co. Ag last year will probably not reach the 1978 level of around 72 million francs. Top management officials of the pharmaceutical producer told the newspaper Basler Zeitung that group turnover U expected to have reached
      Reuter  -  93 words
    • Article
      Distillers move to boost capacity
      122 9 LONDON: Distillers Company is to spend £4.7 million at Its Wandsworth distillery in London to Increase capacity by 50 per cent to help meet demand for its gin brands. The distillery is operated by Distillers' subsidiary, John Watney and Co. It produces grain spirit for
      122 words
    • Article
      Lock icon Lower prices blow to British Sugar
      414 9 FT LONDON: The devaluation of the green pound may not have any effect on British Sugar Corporation until the end of the current year. Its chairman, Sir Gerald Thorley, said In his annual statement. He pointed out that the company receives no subsidles or
      FT  -  414 words
    • Article
      Lock icon Expectation of Exxon's Alaskan oil output
      359 9 US COMPANIES Reuter EXXON CORP chairman Clifton Oarvln said Exxon expects its share of Alaskan north slope oil to average about 180,000 barrels per day this year. Mr. Oarvln told investment analysts that Exxon's north slope output averaged 124,000 barrels per day in the
      Reuter  -  359 words
    • Article
      Lock icon Textron reports higher gains
      175 9 Reuter TEXTRON INC., the diversified manufacturing company, reported a 7.5 per cent gain In fourth quarter profits and a 13 per cent rise for the year. Textron said that the profits, a record, were reduced by its decision at year-end to extend the socalled 11 fo
      Reuter  -  175 words
    • Article
      Lock icon Comalco purchase subject to approval
      278 9 ASIAN COMPANIES Reuter. COMALCO LTD mid the proposal tor It to purchase from It* two major shareholders a greater holding in Queensland Alumina Ltd and to sell Its holding in Dampler Salt Ltd and West Pacific Salt Ltd will proceed, subject to shareholder approval. Comalco
      Reuter.  -  278 words
    • Article
      McKee-Thiess Engineers a joint venture
      239 9 A NEW Australian company, Mckee-Thiess Engineers and Constructors Ply Ltd will be formed jointly by the McKee Corporation and Thless Holdings Ltd. The McKee Corporation la a US-based engineers and Constructors, serving the process industries worldwide. Thless Holdings Limited is a large diversified Australian company,
      239 words
    • Article
      MURATA OUTLOOK
      91 9 KYOTO: Murata Mfg Co Ltd said Its business outlook is still uncertain and It is difficult to predict consolidated account results for thecyrent year ending this The company reported a 48.1 per cent fall In consolidated net profit for the first half of the year, ended Sept 20,
      91 words
    • Article
      Lock icon Benguet (Manila) withholds payout
      147 9 Reuter. BENOUET Consolidated Inc of Manila said It does not plan to pay any dividends this year or the next. The company paid about U83.3 cento per share In mid-1077. Benguet, yesterday reKrted 1977 earnings of .04 million up from 82.50 million In 1976 said it
      Reuter.  -  147 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      105 9 SIXGAPORK YEARBOOK 1978 PROSPERITY That is Singapore Business* wish to all our readers for the Lunar New Year. Our glossy red-and-gold package for you, the Singapore Business Yearbook 1978, contains valuable overviews and projections on Asean and its projects, Finance, Tourism, Industry, Trade, Shipbuilding and Repair and the Stock Market
      105 words
Page thumbnail Page 10
  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1379 10 BID and offer prtCM officially luted and business In and reported to the Stock Exchance of Singapore yesterday with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the world "sett/* Big Board deal
      1,379 words
    • Article
      Corporate bonds
      103 10 IOTI 1/2% IMI (100,000) ilOlB 101*8) I O T 7 MM (100,000) Juun ggu)\ -TCBJ ion (100.000)(M*B 100 MS) ning t (100,000) (M*B 99*3) DBS CwM 1/2% 1»1 (100,000) (M*B BOMS) D B 8 8 1/1% IMS (100,000) iIOOB 1018) iIB«%lW (100,000)(101HB 102*8) BIBS 1/4% IMS (100,000) /oauD
      103 words
    • Article
      Government bonds
      137 10 4 3/4% 1/8/70 (250,000) (IM.MB 100.708) (3) 1M.67 8 1/4% 18/10/70 250,000) (101.158 101.258) 6 3/4% 18/8/80 250,000) (IM.MB) 4 3/4% 18/0/80 250,000) (M.458 M.575) 6 3/4% 1/12/ M (250,000) (1M.70B) 8% T F 18/4/81 (250,000) (101 .MB) 8% T F 18/18/81 (250,000) (101.45B) 8% T F I/S/8S
      137 words
    • Article
      Stock options
      336 10 STRIKING prices of the stock options of fids Hy 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 81.70) (0.288 0.318) (June 81.70) (0.318 0.888) C and C
      336 words
  • Article
    Unit trusts
    140 10 SINGAPORE UNIT TRUST INCOME BOND UNIT IMiHfn 1 prin k>M 17) (CM pa ri»M) Tlve Commerce.... 1.78 1.89 INCOME BOND 1.09 1.19 The Savtnf Fund 1.11 1.18 S'pore Prof Fund S pore8ecurltjr 0.85 0.90 MARA BUMDVTRA FUND l.M 1.74 pricm First Bumlputrm far Pel 3.31 17 3.39 Spore
    140 words
  • Article
    In Kuala Lumpur
    1275 10 BID and offer prtcas listed and bntineas in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown m brackets in lots of l .000 units i.i n I set otherwise spadflad. INDtIBTBIALS Aema (1.88B). MlaimiH (S.I8B). AMI (S.n») (1) S.TS
    1,275 words
  • Article
    SHARE INFORMATION SERVICE
    2398 10 \mnm Hick Lew Cee^aay Laet Sale ♦e*. Ck'* Dt* DH Ctt <*•* Y*M Net P/l Vol (*•98) m p*y Lew SECTION ONE INDUSTRIALS 196 366 119 360 tt* 319 169 391 433 146 132 165 96 212 57* 196 144 182 390 91 Aetna Alcorn Allied Choc
    2,398 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      127 10 Don't let the language barrier stop you from wider contacts te0^ -1L > ;ic-> iT vf- ,U o* 5 I vVj r A vw° e YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travel- I ling in fact anywhere and any time that suits you. Possess ing
      127 words
Page thumbnail Page 11
  • Article, Illustration
    Associated Plastics in limelight
    587 11 SINGAPORE UnliMXyr wu aM en the Stngnpore stock market <•»» emti line industrials cony.'pixt, fiTcarfta, Anteiittd PUitk IwlmMh, took pride of pUco smeng the dny's active stocks with 5*8,000 units transacted. Support far the counter was rood from the begin«l«f of trs<ii( sad it peaked st
    587 words
  • Article
    Shift in mood brings KL to mixed close
    528 11 A TURNAROUND In market sentiment in the afternoon caused prices to close on a mixed note on the Kuala Lumpur stock market yesterday. Trading was again selective and was generally confined to the usual speculative counters, which closed the day marginally lower.
    528 words
  • Article
    Pahang quizzed on share turnover
    111 11 THE Kuala Lumpur Stock Enhance Das queried the board of Pahang Consolidated on the reasons behind the substantial turnover in the company's shares on Monday. It also asks whether there are any other matters of Importance pending announcement. Turnover in Pahang's shares soared to 609,000
    111 words
  • Article
    Lock icon Capital increased
    68 11 Reuter. MALAYAN Credit Ltd said its wholly-owned subsidiary, Malayan Credit properties (Pte) Ltd, has raised its authorised capital to $90 million from $10 million Of the Increased capital, 45 million shares of $1 each ware Issued at par to the holding company. The increase will bring the capital
    Reuter.  -  68 words
  • COMPANY NEWS
    • Article, Illustration
      IEE in the red for first time
      545 11  -  h MANO SABNANI A GENERAL slowdown in the audio business in the European and American markets has pushed the Industrial Electronics and Engineering group Into the rea for the first time since it acquired public status in Group net loss for the rirst
      545 words
    • Article
      Cycle and Carriage sells Clyde stake
      357 11 CYCLE and Carriage has disposed of its 40 per cent holding in Clyde Asia In view of the bleak prospects surrounding this erstwhile associate company. In a statement released yesterday, the deputy managing director says It sold the 40 per cent stake to Its
      357 words
    • Article
      Pan El replies
      368 11 PAN Electric Industries (Pan El) has informed the Stock Exchange of Singapore that It negotiated the cash price of $4 million for the factory it bought from Amcol Electrical Industries (Amcol). It added that this sevenstorey building at Kampong Kayu Road Is presently worth $4.4 million in
      368 words
    • Article
      DIVIDENDS ANNOUNCED
      126 11 Cmii Kx DM* Tatal far M fat DM th» jnar i DJbn «»U, SS Mm fcSg 5T 3.8*1 13.8* &"> 29H «%(n) 15* 17.6* lS*b) Ml IM 7*% Ml IMS An 30 F»b3 Ml Jan 37 MM ffcbl4 MIS MSI MS MIT VTA WTA MS MZ3 MM MM
      126 words
    • Article
      Time for KLSE to clear up muddle
      999 11  -  h SUSAN SEVAN A CLASSIC case of "Catch g" (you Just cant win) emerges from two queries sent out this week by the Kuala Lumpur Btock Exchange. Both relate to recently announced special issues to bumlputras one by United Asbestos Cement and one
      999 words
    • Article
      No ties with T. Alliance
      106 11 Dear sir I refer to the article on South Pacific Textile group Pibllshed In your "Business loei" dated 15th Februaiy 1978 and would like to clarify that although I vai one of the pioneer in Hong Kong textile Industries, I was never in any way
      106 words
    • Article
      TANJONG TIN PROFIT DIPS
      466 11 TANJONO Tin Dredging, where the announcement of a switch In the major shareholding from Faber Merlin to Pahang Consolidated was made over the weekend, has just released uninspiring results for its year ended Dec 31. i Despite the leap in the tin price, a dip in
      466 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      253 11 The Business Times of Malaysia and Development Bankof Malaysia Asean-West Asia Investment Conference Kuala Lumpur, Malaysia, MO March W7B Aiean resources and manpower, West Allan Kfr Rolf of me Industrialised countries can be harnessed for mutual benefit. The Asean-West Asia Investment Conference fcn Kuala Lumpur wM present the potenttal and
      253 words
Page thumbnail Page 12
  • Article
    Conference attacks protectionist trends
    885 12 INTRA-REGIONAL TRADE BOOST THlf HEADB of government from Commonwealth countries in Asia and the Pacific yesterday expressed concern over rising protectionism in industrialised countries and called for a substantial liberalisation of the International trading syytem. St was also decided that Ajlttralia will lead a Commonwealth regional
    885 words
  • Article
    Committee to attract more French investments
    313 12 THE newly-formed FrancoSingapore Joint Committee (FSJC) is going all out to attract French Investments here. To put this plan Into action:, it will be carrying out a feasibility study, In conjunction with the Economic Development Board, of selected industries In which the French would
    313 words
  • Article
    New Delhi quotas
    80 12 THE INDIAN government announced regulations yesterday covering the export of certain textiles products to the US and EEC following quota agreements negotiated at the end of last year. A public notice said 00 per cent of the quotas wUI be allocated in the first six months. For
    80 words
  • Article
    Lock icon Venue for next regional summit in 1980
    167 12 Reuter. THE HEADS of government of IS Asian asd Pacific Mtlosi of the Commonwealth will hold another regional summit oouferenoe in New Delhi in IMO. The veawe if the second regional summit was announced yoetsr day in a MM—MM is mm after he
    Reuter.  -  167 words
  • Article, Illustration
    Nugan Hand opens office
    253 12 THE BANKING fraternity in Singapore has been expanded further with the opening of Nugan Hand International, a specialist private banking group. The Singapore office, officially opened yesterday, will be the regional administrative centre. It will also provide business advisory services. In fact, the group claimed that
    253 words
  • Article
    Averting dollar pressure
    284 12 ECONOMIC officials of the US, West Germany, Japan, France and Oreat Britain met yesterday to consider how to avert possible new pressure on the U8 dollar and resolve differences between the Americans and West Germans. A two-day meeting of the so-called "Working Party 3" of the OECD
    284 words
  • Article
    LONDON STOCKS
    794 12 LONDON. Thurs. Governmerit bonds rose by up to 1/4 on balance after showing substantial mixed movements In light trading today while equities erased initial gains to close slightly lower, dealers said. .jit 3 p.m. the Financial Ttanes Index was down 0.2 at 4M.6. •Bonds gained up to 7/8
    794 words
  • Article
    Lock icon EEC-Japanese talks end on flat note
    706 12 Agencies. JAPAN and the European Common Market yesterday wound up their first working level trade consultations, producing no concrete measures to reshape a bilateral trade imbalance now in Japan's favour. Benedict Meyndl, chief of the EEC's directorate In charge of North America. Japan and
    Agencies.  -  706 words
  • Article
    CHINA AND JAPAN SIGN $46B TRADE PACT
    516 12 CHINA and Japan yesterday signed an ambitious USS2O billion (8946 billion) trade pact expected to have a far reaching effect on bilateral relations in the years to come. The agreement signed in Peking's Great Hall of the People and due to be in
    516 words
  • Article
    Lock icon It's hard says Ushiba
    143 12 Reuter. JAPAN'S Minister for External Economic Affairs, Mr. Nobuhlko Ushlba, yesterday said It would be very difficult for Japan to make special trade concessions to the European Economic Community, beyond those contained In an overall trade agreement reached last month with the UB. In a speech
    Reuter.  -  143 words
  • Article
    IHI plans dollar floating note issue in Europe
    471 12 ISHDC A W AJIMA -Harlma Heavy Industries (IHI) of Japan plans to make a dollar mating rate note issue In Europe, the first of its kind from a non-bank Japanese corporate borrower. Securities sources said the proposed Issue Is now under consideration
    471 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      47 12 EUROPEAN INTERNATIONAL Money Broking Institution with world-wide reputation specializing v In Interbank Eurocurrency deposits desires to strengthen REPRESENTATATION IN SINGAPORE with established local company having home -based and Pacific area Interests In connected field. Reply Buiiae— Times Box No. 5246, limes House, River Valley Rood, Singapore 9.
      47 words
    • Advertisement
      Page 12 Advertisements Column 2
      3 12 SEE PAGE 3
      3 words
    • Advertisement
      Page 12 Advertisements Column 3
      116 12 GO Arab-Malaysian Finance Berhad CHANGE OF ADDRESS AND TELEPHONE NUMBER OUR NEW ADDRESS TELEPHONE NUMBER WILL BE AS FOLLOWS: BANGUNAN DATO ZAINAL GROUNDS IST FLOOR JALANMELAKA P.O. BOX 2540 KUALA LUMPUR 01-02 TELEPHONE; *****7(3 Knee) TELEX NUMBERS AND CABLE ADDRESS ARE: TELEX: ABMAL MA ***** ***** CABLE ADDRESS: ABMALFIN KUALA
      116 words