The Business Times, 18 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 SATURDAY, FEBRUARY 18, 1978 SO CENTS
    11 words
  • BRIEFLY...
    • Article
      One digit
      71 1 LONDON, Frl. Britain's annual inflation dropped last month to 9.9 per cent the first time It has fallen to single figures since October 1973. In Efecember the rate was 12.1 per cent. The latest figure released by the Employment Department today shows the seventh consecutive monthly drop In
      71 words
    • Article
      Lock icon Law catches up
      70 1 AFP COPENHAGEN, Frl. A court here today fined the leader of Denmark's antl-lncome-tax Progress Party nearly U*****,000 (*****,000) or In default six months Jail after a marathon trial on some 3,000 charges of tax evasion and related fir&ud. r The three-member court also sentenced Mogens Ollstrup, 52,
      AFP  -  70 words
    • Article
      Lock icon Petrochem project
      69 1 AFP HOUSTON (Texas), Fri. Preliminary studies with a view to setting up a big petrochemical complex in Saudi Arabia have been completed in Riyadh. The complex will turn out 650,000 tonnes of ethylene a year, mainly for export. It will be run Jointly by the Saudi Arabian National
      AFP  -  69 words
    • Article
      Lock icon New low for dollar
      52 1 Reuter FRANKFURT, Fri. The US dollar was fixed at 2.0585 marks on the West German currency market today, the lowest on record. The previous record low was 2.0625 marks, set on Jan 4. Dealers said the West German Central Bank Intervened to buy US$3O million (Ss6o
      Reuter  -  52 words
    • Article
      Lock icon Atlantic oil hunt
      33 1 Reuter LONDON, Fri. The British government has designated a 2,990 sq km section of the Atlantic Ocean north-west of Shetland for oil exploration and development, the Energy Department said. Reuter.
      Reuter  -  33 words
    • Article
      Lock icon Top partner
      67 1 AFP MELBOURNE, Fri. A majority of Australians now consider Japan to be the nation most important to their economy, according to a nationwide poll released today. Japan rates ahead of the United States, and most Australians believe Japan to be their most important trading partner. A majority of
      AFP  -  67 words
    • Article
      Lock icon Amber One talks
      77 1 Reuter BANGKOK, Frl. Pan American Airways will send a delegation to Vietnam very soon to discuss overflights by Its aircraft on the Amber One air route over the Indochina peninsula. Most International airlines will be allowed to use the corridor, which had been closed since the final
      Reuter  -  77 words
    • Article
      Lock icon Dow Jones
      95 1 UPI NEW YORK, Frl. A smaller-than-expected Increase In the nation's money supply pushed Srlces higher today In moderate trading of New ork Stock Exchange issues. The Dow Jones Industrial average, which dropped 8.40 points yesterday to a 34-month low of 783.29, was ahead 3.30 to 750.59 shortly before
      UPI  -  95 words
  • Chief Price Chances
    • Article
      In Singapore
      121 1 Rite* OK Life 950 +50 9kaa(ri-La 340 +8 Apollo 189 +8 Tmnnh Miim 580 +5 OUB 135 +5 MM) 402 +2 M«pim Corpo 312 +2 Mfc 308 +2 T Harbour 280 -1-2 Foils M 400 -38 CCM 400 -18 "Pacific Dee 258 -9 Lower Perak 188 -8 U
      121 words
    • Article, Illustration
      In Kuala Lumpur
      153 1 PRICES imrtlljr eased fat quiet trading on the Stock Exchange of Singapore yesterday. Speculative activity la »econd-line industrials •lowed down conaiderably, resulting ia mach rsducsi volume among such shares. *OweMlkr, the Strait* Time* Industrial share fades Ml 1.53 points to 270.28 while the Busfasos Times index loot
      153 words
  • Article
    Wider role seen for local banks
    1076 1  -  INTERNATIONAL LENDING ACTIVITY h SOH TIANG KENG LOCAL BANKS have gone truly international In their lending activity. Their lending now spans the globe, stretching from Asia and Europe to Latin America. In the next few years, these banks, traditionally active in trade and industry,
    1,076 words
  • Article
    STRAITS SCHEME DELAY SOUGHT
    160 1 JAPAN has made an unofficial approach to Singapore, Malaysia and Indonesia that a new traffic safety system to keep ships apart in the Straits of Malacca should be delayed for at years. Japan, almost entirely dependent on West Asian oil coming through the Straits, stands to
    160 words
  • Article, Illustration
    Rolls Royce is interested in diesel project
    602 1  -  •y JOHN TAN ROLLS-ROYCE, the famous car-maker is wellplaced to participate In Singapore's proposed diesel engine project, but a great deal more will have to be known about It before the company can' submit a proposal. Besides, recent developments likely to leave Singapore
    602 words
  • Article
    Lock icon Tokyo's January visible trade surplus plummets
    329 1 Reuter JAPAN'S visible trade surplus in January fell to US$35O million (BsBls million) from the monthly record $2.67 billion in December and compared with a 177 million deficit in January last year. January fob exports roee II per cent to $5.58 billion, while fob
    Reuter  -  329 words
  • Article
    KEB plans to be more active in Asian $ mart
    489 1  - KEB plans to be more active in Asian mart •y SIVA ARASU KOREA Exchange Bank Is planning to Increase its activities In the Asian dollar market by issuing floating rate notes, certificates of deposits and bonds. This new emphasis stems essentially from the growing significance of the region, said Mr.
    489 words
  • Article
    Lock icon No cure for dollar
    66 1 UPI MONETARY experts from 11 of the richest nations in the industrial world wound up a two-day conference In Paris without finding a cure for the continued fall of the dollar. Their failure coincided with a sharp new decline of the dollar on world exchange markets
    UPI  -  66 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      19 1 LANIER COURIER the perfect secretary.... 5"NOi y/a" wide 10 ox. wt. works 24 hours a day and never grumbles
      19 words
    • Advertisement
      Page 1 Advertisements Column 2
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      83 words
    • Advertisement
      Page 1 Advertisements Column 3
      75 1 8m Back Pafe col. 5 THKda tmmaiYniUm tmmn JAPANBI«Mi« 2 ASSOCIATED Plaatfc to tW* UVAIXTMrai up m Far UaaHcht H Eaat/W«at Arias trad* f MURATA Calk vtotta t»trafe CONCOBDX farttoa iaettaf burton U tnrn« mmH S MAS tydto Ml cradh paUcy 11 PONT iy tfca tot-Mt om < SINGAPORE'S Mat
      75 words
    • Advertisement
      Page 1 Advertisements Column 4
      168 1 hand when Wayfoong Mortgage you need and Finance (Singapore) Limjted It fllOSt Shaw House. Ground Floor. 354 Orchard Road. Singapore 9. Td: *****7. SEE PAGE 3 fiSEdn i Business OUdkTEftl u•. «%gT g'"|.;| The Autumn issue of the ASEAN Business Quarterly includes a 5-page analysis of ASEAN's urea projects and
      168 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      161 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Feb 13 M«r 31 Administrative management YWCA. Marine Parade University of Singapore Feb 17 Community Antenna Television Hyatt TREE 17,18 Improving Manager's effectiveness Hilton Consulasla 27.28 Finance for sales and marketing management Hilton Consulasla Mar 1,2 Maximising profitability from major customers
      161 words
    • Article, Illustration
      Esso strikes oil and gas
      175 2 ESSO Production Malaysia Incorporated has found oil aqd gas in the Irons exploration well located In the company's contract area off the coast of Trengganu. Designated Irong No. 1, it was the second exploration well to be completed by Esso on behalf of Petronas In
      175 words
    • Article
      Canadian mission
      93 2 A CANADIAN offshore and oceanographic mission surveying market opportunities in South-East Asia will be arriving in Singapore this weekend. It comprises representatives from Lockheed Petroleum Services, International Hydrodynamics, Nova Scotia Research Foundation Corporation, Bennett Pollution Controls. Canadian Overseas Engineering and Develop- ment, Petrotech Lavalln and Fathom Oceanology. The
      93 words
    • Article
      Lock icon Mixed views on tin contribution
      756 2 COPPER-FOR-HN PROPOSAL Reuter TH® Vice-chairman of Asarco Inc, Mr. Simon Strauss, said the American Mining uonierence is opposed to the proposal to contribute 5,000 tonnes of stockpile tin to the International Tin Council's buffer stock. However, Mr. Robert Stolk, vice-president of the American Can Company,
      Reuter  -  756 words
    • Article
      Tokyo's blessing
      176 2 THE JAPANESE government appeared ready yesterday to back up a US$ 20 billion (5546.6 billion) trade agreement signed in Peking on Thursday between Japan and China. In welcoming the energy-for-technology swap. Minister of International Trade and Industry Toshio Komoto said his office "will do everything possible for smooth
      176 words
    • Article
      Lock icon US cotton boosts export of farm products to China
      243 2 AP EXPORTS of American farm products to China KHf expected to be worffi' US$l7O million (8539« million) this year, moony because of cotton sales. |M But, US AgrlcultuceDepartment said on Thursday, as they have fqjr months, that "no US whe&, sales
      AP  -  243 words
    • Article, Illustration
      BANK RAKYAT GETS NEW CHAIRMAN
      554 2 A SENIOR Malaysian civil servant and a former highranking diplomat has been appointed chairman of Bank Rakyat. He is Tengku Tan Sri Ngah Mohamed, secretarygeneral of the Primary Industries Ministry and former ambassador to the Soviet Union. The announcement was made by the Agriculture Minister,
      554 words
    • Article
      Avis opens new station
      52 2 AVIS, the car rental firm, has acquired another new rental location at the Slngapura Forum Hotel. The company now has seven stations. The others are at Thong Teck Building. Hilton Hotel, Shangri-La Hotel. Paya Lebar Road, Thomson Road and at the new arrival terminal building of
      52 words
    • Article
      Textile team for US
      181 2 A 12-member Taiwan textile mission left for the United States for further talks on a new five-year quota agreement between the two countries. The first round of talks took place In Washington last November and the second in Talpehlast month but both sides had failed to
      181 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      1033 2 China trade... a US$2O billion goldmine Here's how you can tap it In a series of bold moves, China's new leadership has embarked on an ambitious economic development program aimed at accomplishing the modernization of the country's industry, agriculture, technology and national defence. According to senior officials interviewed in Peking,
      1,033 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      105 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I It'a the work en who get the stick (S> Rtw of port (S) Where to hesitate when atout to arrange an ailbi (7) I# Handle aomethlnc free (S) 11 Put to the nation (9) IS How to «t Uthe In nort <51 U m
      105 words
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  • OVERSEAS
    • Article
      Lock icon US coal strike threatens to fuel jobless rate
      809 3 Reuter PRK3IDENT Carter and administration officials said the US unemployment rate w rise to at least 10 per ceat from its present 6.3 per cent unless the coal strike is settled within 45 to 60 days. State governors who met Mr. Carter
      Reuter  -  809 words
    • Article
      Lock icon DIFFERING VIEWS ON WHEAT PRICE SYSTEM
      221 3 AFP 810 producers Argentina Mid Australia sided with 'the US and Canada against a. rigid minimum maxl- mum price system when the .first part of the Wheat Conference ended In Geneva on 2?)ursday. < The North Americans had expressed the view that an international
      AFP  -  221 words
    • Article
      UK studying new way of fixing MLR
      448 3 BRITISH monetary authorities. concerned at the volatility of short-term UK interest rates, are considering whether to replace the present market-related formula for determining Bank of England minimum lending rate. They are considering a more flexible or discretionary formula, financial sources believed, or even
      448 words
    • WORLD IN BRIEF
      • Article
        Lock icon OIL OUTPUT IN DOUBT
        473 3 Agencies US ENEROY Secretary tomes Schle singer says he doubts whether world oil production will reach more than 7G million barrels a day In the future. Current world production is about 00 million barrels a day. .There have been estimates that world oil production in the
        Agencies  -  473 words
    • Article
      Lock icon Swiss recovery will continue at slower pace
      298 3 Reuter THE Swiss economic recovery, which started last year, is expected to continue in 1978. But economic growth will slow noticeably since stimulatory forces from abroad as well as the domestic scene will weaken, the Commission for Economic Affairs at the Swiss Economics
      Reuter  -  298 words
    • Article, Illustration
      Schultze woos business support to fight inflation
      523 3 THE chairman of the U8 Council of Economic Advisers, Charles Schultze, on Thursday sought to enlist the moral support of businessmen for President Carter's voluntary wage and price restraint antlInflation plan. In a speech to the annual financial conference in New York sponsored
      523 words
    • Article
      Growth policies of America on the right path
      746 3 OECD IS UNANIMOUS US Treasury Undersecretary Anthony Solomon said that an OECD meeting had accepted the fact that the exchange rate of the US dollar will over the long run reflect the fundamental strength of the American economy. He made the remarks
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    • Article
      Lock icon EXPERTS DISAGREE
      295 3 AP ECONOMIC consultants to the US Business Council, a prestigious group of corporate leaders, said the American economy will grow at a slower pace than forecast by President Carter and that inflation In the country may worsen. The consultants in a report said they were "deeply concerned about
      AP  -  295 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      180 3 world t *4 K i U 1978 The most comprehensive index and guide to the business scene. The Straits Times Directory of Singapore 1978 mora popularly known as the'BukuMerah', carries montthan 27,000 entries covering over 1,500 categories of business. A thorough and efficient reference systern puts you in touch speedily
      180 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      427 4 THE market in Singapore yesterday closed easier with March One RSS buyers quoted at 202.25 cents per kilo, down one-and-a-half cents from Thursday's close. Morning prices fell one cent in quiet trading conditions on lower London advices. The afternoon session lost further ground on some
      427 words
    • Article
      RAS PRICES
      300 4 Prices in cent* per kilo yesterday. Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.8. prompt f.o.b. 202 75 203 25N 202.25 202.7SN Int. 1 R.S.8. March 202.75 203.25 202.25 202.75 Int. 1 R.8.S. April 203.50 204.00 203.00 203.50 Int. 2 R.8.S. 198.50 199.SON
      300 words
    • Article
      SSR AND SMR
      92 4 NOON SSR and SMR prices yesterday: March A*ril RAS (Cm matMUO (Forward Mth) Buy« Seller. Bayar* Seller* iti per tg (MBtl SSR 20 (1-ton pallet) 103.50 195.508 194.50 196.50N SSR 50 MRELB (1-ton pallet) 191.50 193 508 192.50 194.SON SMR5CV (1—ton pallet) 214.00 218.00N 215.00 217.00N SMR
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    • Article
      Closing prices
      29 4 Rubber: Feb 17: Singapore: March 202.23 cent* (down 1.50 cents) Malaysia: March 205.25 cents (down i.2scenta) Tin: SI.S7C (down |19) Official offering: 246 tonnes (down 1 tonne)
      29 words
    • Article
      Produce exchange
      456 4 SOME trading took place at the Singapore produce market yesterday. Conditions were mixed. Dealers from India, Bangladesh and Pakistan concluded some deals with local coconut oil millers. Small lots of 10 to 20 tonnes were sold while the big buyers from the United States and Europe were still
      456 words
    • Article
      Hongkong comex
      182 4 THE sugar market closed easier in very quiet dull, featureless trading yesterday. Losses ranged from USO.IO cents in May to 0.09 cents in October as the market followed New York's overnight decline. Turnover fell to five lots from 18 on Thursday while open positions fell to 93 from
      182 words
    • Article
      SPOT PRICES
      199 4 Cloth in Hongkong dollars, wholesale prices, spot ex-godown: Cotton Clotk: India Dragon Head unq. Japan (No 2023 82.30. Shirting 58.70. Hongkong Oolden Peak (80 X 60 62 00 Drills: HK Kow Fook Brand (No 202) 57.80. Japan (No 2024 57.80. Whit* Cloth: Japan No 10.000 Three Peaches 101.70.
      199 words
    • Article
      Palm oil
      70 4 C.I.F. US dollars per ton. LONDON: TknrWay Prr*~. Malaysian SH ffa bulk April Sumatra SH ffa Feb March April May June June/July Nigeria 5% (fa bulk ROTTERDAM: Sumatra March Zaire (Be If francs per kilo) 527 sir unch 577W/580 pd 545 pd 535 pd 515 pd 508/505 pd
      70 words
    • Article
      Straits tin
      168 4 THE Straits tin price In Penang fell a further M*l9 per plcul to $1,070. Turnover dropped slightly to 240 tonnes, down 1 tonne from Thursday's 247. Sentiment was further depressed following the continued downfall In the London Metal Exchange (LME) coupled with the higher supplies of tin metal.
      168 words
    • Article
      Coffee
      192 4 TERMINAL opened £3 to Cl 7 down. Turnover totalled 75 lots in London yesterday. Dealers said values opened slightly lower following the New York close but light trade buying and short-covering held prices steady at the lower Arablcas were $1 up to $1 down and sales totalled three lots.
      192 words
    • Article
      Sugar
      224 4 TERMINAL yesterday In London opened C 0.45 lower to C 0.30 higher on Thursday afternoon closing levels. Turnover totalled 568 lots. Market sources said the initial trend was Irregular with follow-through selling to the recent bear movement met by some covering in front of the weekend and Monday's US
      224 words
    • Article
      Cocoa
      83 4 TERMINAL cocoa finished a short first call £12 to £7 per tonne up on New York but fluctuated irregularly in somewhat Indecisive open trading In London yesterday. Dealers said tne market was still deriving some underlying support from the late and slow rate of Ohana main crop purchases. In
      83 words
    • Article
      Rice
      133 4 BANGKOK rice and maize prices were unchanged yesterday. In HONGKONG yesterday, the market was sharply higher, with prices rising up to $5 for Kwangtungs and $1.40 for Thais and Australlas, following the Bangkok market, dealers said. Turnover totalled 402 tonnes, comprising Thais 141, Kwangtungs 190 and Australlas 71 There
      133 words
    • Article
      Soybean
      166 4 SOYBEAN futures closed two to one cent a bushel higher after swinging about four cents to either side of Wednesday's close in Chicago on Thursday. Prices declined early on local and profesaional selling but found support on buying by one commission house. Local short-cover-ing took the market back upward
      166 words
    • Article
      Wheat
      78 4 WHEAT futures posted losses of IV4 to IK cent a bushel at the close In Chicago on Thursday, finishing at the low end of a two-cent trading range. Selling by a major commission house In the May helped encourage local selllsng which took prices lower and into commission house
      78 words
    • Article
      RUBBER MARKET SLOW TO FORM
      266 4 IN THE absence of any new factors, markets have been slow to form after the long holiday and levels fluctuated for the most part somewhat featurelessly within a three-cent band, finishing two cents up on balance. Thin conditions perslsted throughout, with incentive lacking, whilst the
      266 words
    • Article
      Copper
      352 4 COPPER wlrebars finished yesterday morning in London showing losses of C 1.50 for cash and £2 for Three Months. The market lacked fresh feature, and after softening initially In line with New York prices, were steady in the ring on pre-weekend short-covering and general booksquarlng Stocks are expected to
      352 words
    • Article
      Silver
      165 4 SILVER closed 0.1 pence higher to 0.4 pence lower In London yesterday. The overnight gains at New York and continued firmness in gold were supporting influences In the face of generally lower base metals and a lack of any worthwhile trading Interest, dealers said. Carries boosted turnover to 35
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    • Article
      Gold
      353 4 THE kllobar in Singapore opened at Ssi3,slsand closed lower at $13,489. In the London market, the metal opened at U*****.2V55 and drifted off to close lower at $179.60/90. The London morning fix was 179.60, up 25 cents from the previous. Source: Stugmaa Retail prices per tael quoted by the
      353 words
    • Article
      Zinc
      79 4 ZINC closed in London yesterday with losses of mostly C 2.25. The metal gave modest ground in sympathy with the general trend although selling pressure was light ana Three Months held around the 252 level. Sales were only 750 tonnes. A modest fall is expected in stocks this week.
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    • Article
      Lead
      75 4 LEAD closed with losses of C 10.25 for cash and £10.75 for Three Months in London yesterday. Values came under further heavy commission house liquidation, chart and stop-loss selling on the premarket which took Three Months down to L' 293 per tonne a 14-month low. On Thursday, it lost
      75 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        503 4 THE forex market yesterday saw some Initial support for the US dollar but this weakened in the afternoon. The result was some overall fluctuation in rates with little change eventually from the opening level. Yen opened at 239.40/50 and lost ground by about 50 points to a low
        503 words
      • Article
        Minimum lending rates
        52 4 ACBC Algewee Bask 7 |Mgfc-fc Bank 7 Bank ol Airtti 7 Buk ft Ckiaa 7 BaakafTakya 7 Baak Napara ladtoaw 7*4 Citikaak 7W HS8C 7 MM— 1% Malayan Baakteg 7 Mitmi 7 OCBC IS OUB 7 Ckartarad Baak 7^ UCB 1M Ckaaa Maakattaa 7 088 vtnc 7
        52 words
      • Article
        Asian $ rates
        157 4 Asian rates ASIAN currency dapoaK reus m at doat on PM> 11 US Mkr mm 7 day* 7 1 mtti 7 1/14 2 mUu 7 7/14 3 mtlw 1 7/14 tmlhi 7 1V14 mttis 7 7/i llmttu sw.m. intarbank I: (Spat) BM 7/* 1V1I 7 VI* 7 »/n 7 11/10
        157 words
      • Article
        Discount
        33 4 Ownmit: 2S J*% CHI deposit CMac Buytx MUat J-Month Treuury Mitt J1/4 1/1 S-Morttl Bank Mill 4 7/1 41/4 3-Month CO 5V16 51/16 8-Monttl CD 56/16 $7/16 Source: National Discount Co Ltd.
        33 words
      • Article
        Treasury bills tender
        46 4 RESULTS of tender held on Feb. 17 (or 91-day Treasury bills to be Issued from Feb 20 to 24: Offered: $90,000,000 AppUed for: 107,500,000 Allotted: $20,000,000 Accepted Bids: $00.21 Approximately 90H, higher bids In full. Average rate of discount on allotment: 3.100 pa.
        46 words
      • Article
        Australia/NZ
        53 4 AUSTRALIA/NZ exchange quotes yesterday: AUSTRALIA: US dollar I.im.lM Sterllnf I 9KS/ Ml 4 Ninety-day air mail bujtnf rata* Starting 0 MM US toUaia I 1M Ninety-da/ forward buying Mm: Burttn> «jw 08 down 1.1*7 NC« ZEALAND: luriintiwvnM OS do3ar I .OH/I.IIM Ninety-day airman buying ratal: Starling 0 UK US
        53 words
      • Article
        London
        210 4 THE dollar yesterday fell rapidly to around 2.0505/15 marks and around 1.8840/60 Swiss francs as pressure on the currency in London and Europe resumed. The continuing US coal strike has helped to trigger the new pressure with operators apprehensive over its possible effect on US employment and energy imports.
        210 words
      • Article
        New York
        169 4 THE dollar on Thursday ended sharply lower against major currencies In a day of erratic, nervous trading, amid concern about the extent of New York Federal Reserve Bank intervention. Fed overall intervention has been minimal despite the dollar's declines this week, causing some confusion and raising concern about
        169 words
      • Article
        Tokyo
        147 4 THE dollar for overnight delivery closed at 239.75 yen, compared with a 239.00 opening and 240.00 at Thursday's close, following Central Bank Intervention, dealers said yesterday. Dealers estimated the Bank of Japan bought between $150 to 0200 million, mostly in the morning, to support the dollar, buying over $120
        147 words
      • Article
        Euro $ rates
        95 4 Euro rates EURODOLLAR deposit rates in London yesterday opened steady In fairly quiet pre-weekend trading. Periods maintained the firm undertone, especially In longer positions from 81x Months onwards, although rates were not materially altered, dealers added. LONDON Eurodollar depoatt* opening rate* on Feb 17: Weekend i%, X Mon/Tuet una Tue*/wed
        95 words
      • Article
        Zurich
        56 4 THE dollar opened at a new record 1.8820/70 francs km following the currency's overnight fall In New York. ZURICH exchanges closing quotes on Feb 16: ate V. oSk'sTnwSw t Ft n KM-5904 D Kr S3 Ull-WU N Kr K.ISM ZZZ2 8 Kr «s.sw rrn ut o mt-txn Aua ach
        56 words
      • Article
        Frankfurt
        39 4 FRANKFURT exchanges opening quotes on Feb 17: us twn« can I.SMS/W KIINMH DPI IS.TVtt srr IM iv IM oo Utl««h r rr <2 mm N Kr M.M/M B Fr (eon) (.MS/MS B rr (fin) «.«f4l Ten t Ktesn
        39 words
      • Article
        Eurobonds
        203 4 EUROBOND ortccf ouotad on F*b 11 StraiCkU Mi Ofltar Total 0(1 kt* I* M rTitf»vr Courtanldk «t« MM 97.40 MM S 79 MS MS M M EIOst«9*92 ruounimn VT.M 1SS M 40 M.S 101 00 97 n MM 97 M Bpamankrmak 97 S M M ShellS',.90 MM 97 M
        203 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      125 4 i'#>■£■ Don't let the language barrier stop you from wider -".h > contacts KS "#2® I 325*1 h. H-j iol* PL t k V i •s*<*>£> O' P°^e^ 0 YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travelling in fact anywhere and any time that suits you.
      125 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Britain, Malaysia inching towards Concorde accord
      702 5 Reuter BRITAIN and Malaysia appear to be inching their way towards an agreement which would allow the Concorde supersonic airliner to resume its LondonSingapore service. The new service opened in a blaze of publicity last December, but stopped after only three return flights because
      Reuter  -  702 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      699 5 ARRIVALS 7, Service Local Operator Number Time From CAL "TMA MAS MAS -<-SIA MAS L MAS -MAS "CAL OIA -CPA j' THAI SIA 5 SIA GIA MAS ■"OIA "PAL GIA niSIA rt 'KLM •MAS r SIA MAS O SIA SIA "GIA 'SIA GIA CPA MAS SIA e
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    • Article, Illustration
      Lock icon India no to overflight rights but may rethink
      213 5 UPI THE Anglo-French super•onic Concorde airliner would not be allowed to fly over Indian air space. Prime Minister Morarji Desai (%bove) of India said on Thursday before Iqaving Sydney for home after a four-day meeting of regional Commonwealth countries, he was not
      UPI  -  213 words
    • Article
      Newcomers not daunted by overtonnage
      1044 5  -  ®y GOH ENG KEE ALTHOUGH overtonnage has become a problem on the Far East/ West Asian trade, competition among international shipping lines is likely to sharpen further this year with the entry of newcomers. Besides the new services inaugurated by Sea-Land Service and Shahyad Lines
      1,044 words
    • Article, Illustration
      QE-2 to stop here on Pacific cruise
      241 5 ABOUT 130 passengers will join Cunard's luxury passenger liner, Queen Elizabeth 2 when she arrives In Singapore on March 7 on her third world cruise. Mansfield Travel, passenger agents for Cunard here, said the passengers will join more than 1,400 round-trip voyagers on
      241 words
    • Article
      Lock icon Hyundai outbids Tokyo yards
      105 5 Reuter JAPANESE shipyards. Including Ishlkawajlma Harlma and Kawasaki Heavy Industries, have lost a big Kuwaiti package order for four 19,000 dwt container ships to Hyundai Shipbuilding and Heavy Industries of South Korea. Hyundai said It won the order from United Arab Shipping Co. of Kuwait to
      Reuter  -  105 words
    • Article
      Iata revamps cargo handling procedures
      193 5 THE International Air Transport Association (lata) airport handling committee at its 11th meeting here adopted new standards to Improve cargo handling at airports. The committee has agreed a new procedure for loading on different commodities such as restricted articles, live animals and foodstuffs. A second
      193 words
    • Article, Illustration
      SHIPS IN PORT
      398 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Oiso Maru No. 19 (1800) 27/28 Kota Baktl (after Vishva Raksha) 13/14 Ocean Supply (B. Barge) (0200 after Cherry Vilja) 48 Samson (0600 after King River) 23 Slbonga (after Ibn Abdoun) 1/2 Tapah (1300) 21 West Vega (after Takarl V) 35/36 Viminale
      398 words
    • Article
      Lock icon Laker revels in the air fare war
      319 5 AP Reuter FREDDIE Laker, the British Airline Chief who cut trans Atlantic fares at a stroke with his "SkytrainV service to New York, said in London on Thursday he was not the least b*t worried by a new low-fare challenge from Pan American
      AP; Reuter  -  319 words
    • Article
      Lock icon LONDON FREIGHT
      116 5 AP ATTENTION turned to the Eastern sector on Thursday as sugar and coai voyagefixing combined with a little more time-charter interest produced slightly busier conditions in that quiet area. The Favorita received US$lO.9O (FIO) for a 50.000ton coal movement from Port Kembala to the Havre Hamburg raoge in
      AP  -  116 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      101 5 FLATTED FACTORY SWVCE OF 200 SO. METRES UPWARDS IN CHOICE URBAN ESTATES (Ayer Rajah, Triofc Blangah. Kallang Basin, Redhill. Hong Bahru, Toa Pay oh Tanglin Halt) Easy accessibility to workers Adequate loading end unloading bays Approved fire-prevention systems Ample car and lorry parking facilities Separate goods and passenger lifts Adequate
      101 words
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  • Article
    Learning to live with barriers
    609 6 IT IS generally known that there are no winners In the protectionist game, only losers. Yet national leaders of the developed countries have not hesitated to erect trade barriers whenever threatened with the prospect of spreading inflation. This Is understandable for no prime minister or
    609 words
  • Article
    Govt approval will please trustees
    188 6 THE GOVERNMENT'S latest move to make clear that trustees may invest in approved debentures, bonds and other debt Instruments will be welcomed by trustees. It will give them an additional instrument with which to calculate their options. It also represents one more step In the
    188 words
  • Article
    Soviets have big savings accounts
    878 6  -  It if not generally realised that some Russians are quite well paid, well enough to accumulate large savings, most of which are entrusted to the State, just as in a mixed free enterprise system like Singapore's although the purposes to which this money is put
    878 words
  • Article, Illustration
    Lock icon Pot of gold in Siberia
    1029 6  -  ■y CHARLES MADIGAN UPI ALEXANDER Kiselev came to the boom town of Surgut In the Tyumen region of Western Siberia 12 years ago from his home in Bashkiria. In that time, he has become wealthy by Soviet standards and has climbed to the job of
    UPI  -  1,029 words
  • Article, Illustration
    Don't envy the jet-set execs
    743 6  -  •r MIKE MACLACHLAN -THEY call him the International Accountant. One day he's In Singapore. The next he's Jetting out to Tokyo or Trondhelm. He's Just one of a vast and growing army of Jet-set executives. You can recognise them on planes. They're the guys with
    743 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      733 6 as 7/ M Oochid inn W Orchard Road, S'pore I. Tel: *****2 an omit In tt»« ortont" 409/407 Havelock Boad, S'pore 3. Tel: *****1 214 Dunearn Road, S'porc 11. Tel: *****2 V 7 Ostojr RW PeoAßf Road, S'pore 9. Tel: *****1 9NGAPORE HLJON 981 Orchard Road, S'ptve 9. Tel: *****3
      733 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      63 6 WEATHER outlook for Singapore from 6 a.m. to noon: Isolated showers becoming scattered around mid-day. REPORT for 24 hours prior to 7.30 pm on February 17 it the airport. Maximum Temperature 31.8' C Associated Humidity .71 Minimum Temperature 14.VC Associated Humidity M Hours of Sunshine 5.65 Rainfall in Millimetres 16.9
      63 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      300 6 SINGAPORE 5 1.00 Opening announcements followed by Sesame Street* 2.00 Saturday Matinee Challenge Of The Gladiator 0 Starring: Rock Stevens, Gloria Milland 3.30 Police Surgeon Deadly Exchange 3.55 Soccer Malaysia Cup '78 Singapore Vs Perlis 4.55 Sandiwara Bukan Tanah Menjadi Padi (Repeat) A Malay drama 5.40 Little House On The
      300 words
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  • Article, Illustration
    We should say thank you to Tokyo investors
    2062 7  -  •y SIVA ARASU THE JAPANESE have played a significant role In Singapore's industrial success and rapid economic growth despite their relatively late arrival on the foreign Investment scene. Their contribution to Singapore's industrialisation has not been confined to capital inflow only. More
    2,062 words
  • Article, Illustration
    STRAWS IN THE WIND
    298 7 YET another banking computer error. It was all too much for Charles Walsh In New Jersey, USA, when a computer punching error slipped an extra US$ 100,000 (*****.000) into his bank account. Not surprisingly, Mr. Walsh, who began withdrawing the money in December, is now nowhere
    298 words
  • Article
    Need to look at whole picture
    799 7  -  ffICHttIGHTO FROM A QUESTION AND ANSWER SESSION WITH MR. DHANABALAN, AFTER HIS ADDREBB: MR. DHANABALAN ON TRADE WITH JAPAN Mr. II Kyv Ku(, mtuftr, tad research department, Kotm Development Finance Corporation: "How has Singapore been covering its trade deficit with Japan... and what are
    799 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      396 7 >• i j DAMAOA IYhotelA HOTEL ROYAL-RAMADA Newton Road, S'pore 11. Tel: *****1 We've got it all together Golden Mikado Cantonese Cuisine prepared with Just the right touch by our Master Chef And our speciality Flshheads. Ramada Lounge A drink in hand, soothing music for the ears and a wonderful
      396 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      48 7 f\w,^es —this Tine LAS! wee* i ojrs ft siftNGmo wtch WVTH ft D€C<CHR»K POTeNDfyrr. r<\ 4i4t BnStdW: Pi^LDl: F«sT DfY/ BftCK fVT UXSSK uJMfVT B TXSRG' UJHPd ux=\S Tms T»mt LAST" UEJ r*K.Tw4iWk:... R«£ N(tXJ GOO TO Tne«L fML Opii, iou Lftxy GOOD-FOK. J P_ SL-y >S "N
      48 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Sydney
      343 8 INDUSTRIAL and mining leaders recovered from opening lows to close mixed on bargainhunting and a late turn to firmer sentiment yesterday. BHP rose 16 cents to Ass 40 while the Bank of New Bouth Wales rose four to $5.34, but CSR eased two to $2.81. Other industrials eased. Brewers
      343 words
    • Article
      Bangkok
      150 8 FEB 17 Bahts Asia Fibre 282 -4 Bangkok Bank 40ft -t Bangkok Invest 422 ♦4 Bangkok-Metro-politan Bank Bata 820 •10 Berli Jucker S24 Caroet Intnl 442 -4 Charoong Thai 449 Wire -1 Dumf* DusitThani 380 -3 Faber Merlin First Trust Genera Finance 459 ♦1 Indo-Thal Industrial Finance Corp 2965
      150 words
    • Article
      Prices plunge
      684 8 Tokyo the yen rate against the dbllar dipping below Y240 on the Tokyo foreign exchange market, share prices yesterday plunged In sectors which are exportrelated such as light electrlcals, autos and precision machinery Issues, as Investors retreated to the sidelines. Light electrical issues Sony and Pioneer lost erounri
      684 words
    • Article
      Hongkong
      268 8 SHARE prices closed firm In njoderate trading yesterday. Blue chips showed modest gains while second rank stocks were generally steady. Jardine Matheson gained HK 10 cents to $12.50 while Swire Pacific "A" rose five to $5.60. Hongkong Bank held steady at $16.90 The Hang Seng index was up 2.26
      268 words
    • Article
      Manila
      147 8 THE market closed mixed with oils averages advancing slightly while commercials and minings declined yesterday. Turnover el to 3 69 million peso from Thursday's 4.64 million. Basic Petroleum. Atlas atid Lepanto had slight losses, while other minin I ssues remained steady. FEB 17 Pesos Acoje Mining 0078 -0 0002
      147 words
    • Article
      Selected indices
      65 8 FINANCIAL TIMES INDUSTRIALS Thursday 455.0 Wednesday 453.2 Week Ago 473.3 DOW .JONES AVERAGE INDUSTRIALS Thursday 753.99 Wednesday 761.69 Week Ago 777.81 LONDON DOLLAR PREMIUM Thursday 80 to 80v f Wednesday 80H to 80 7 H.K. HANG SENG Thursday 407.80 Wednesday 405.74 Week Ago Closed SYDNEY INDUSTRIALS Thursday 406.69
      65 words
    • Article
      Generally firmer
      198 8 EUROPEAN MARKETS STOCKS were generally firmer In quiet trading on the European bourses on Thursday. Frankfurt. Paris, Amsterdam and Milan saw prices Improving as the monthly account period drew to a close. Interest was lacking in Brussels and Zurich ay prices fell In quiet to moderately active conditions.
      198 words
    • Article
      Amsterdam
      243 8 H£B It Fb Ahold ***** unch Akio 22 40 Algbank 342 SO unch AMEV 80 40 0 2 Anitas ***** -2 Atnrot Bank 70 SO +0 2 Bergoss S5 SO -OS Berk 101 SO +0 5 Boll 71 00 -1 Borsumlj 14S SO -09 Burhmann 86 40 -OS Byenkorf
      243 words
    • Article
      Zurich
      189 8 FEB 16 Francs Actions Suisse* 296 -1 Alusulsse Br 1390 unch Alusulsse Reg 57S -3 Brown Boverl Br 1775 15 Clba Gelgy Br 1380 ♦20 ClbaGelgy PC 1035 ♦20 Clba Oelgy Reg #74 unch Credit Suisse Br 2570 ♦40 Credit Suisse Reg 480 unch Elektrowatt Br. 1870 10 George
      189 words
    • Article
      Frankfurt
      218 8 FEB If Dm Aef-Telefunken 92 Akzo 21 AllzLeben 840 unch All* Vers «9S 1 BASF 140 50 unch Bay H T Wbank 290 50 -0 5 Bay Vbank 320 Bayer 140 70 -0 5 BBC 307 1.2 BMW 233 2 5 Cauella 382 -1 Chem Verm Z20B Commerzbank 227
      218 words
    • Article
      Brussels
      93 8 FEB If m FORWARD MARKET Acfc 239 unch Arbed 2320 unch Astur ♦50 unch Braaran 434 -J Bru-Lamb 1406 -12 Canpac 454 -12 Cock 364 31 De Be*ri 159 1 Eb« 2325 10 EI*ctrobel 9040 -80 Ob-Inno-Bm 1905 -5 G*v 1230 unch Hobok 2525 -15 Pftro 4045 -20 Ryl
      93 words
    • Article
      Paris
      285 8 FEB It Ft* (ORBEILLE Alr-Uqulde BSNOervats Danorve C8F(ThocnaonCtf) Clc Franca tw des Petroles Compagnlr Financier* Com pagnle General* Credit Foncler De France Hachetl* (Ubrairie) Machine* Bull Michelln (B) Panbai Pechlney Clglne Kuhlmann Peugeot' PhlUp* (N* Oem Berit) PnntempsSA Rhone-PoulenceSA Royal Dutch SuenCle Flnan De) Thomson-Brand l U si nor
      285 words
    • Article
      Credit tightening fears
      1056 8 New York BEARISH signals from the economy and fear* of additional credit tightening by the Pederal Reserve drew the blame for the stock market'* steep plunge on Thursday. The Commerce Department said housing starts fell tar M per cent in January, and late ofi Wednesday.the Pederal Reaerre
      1,056 words
    • Article
      Toronto
      271 8 SHARE prices closed sharply lower in moderate trading on Thursday as the metals and oU and gas sub-groups fell more than 10 points. The metals subgroup touched 1U lowest level since Dec 30, 1974. The composite Index was off more than six points. Its largest drop since Jan 11.
      271 words
    • Article
      Jo'burg
      407 8 GOLD shares tended easier after a firmer start following generally unchanged bullion price indications on dealers said. 6verseas interest was minimal on account of uncertainty on the Rhodealan settlement and a shortage of securities rands, they added. Financial minings were easier oiMbaJance in Tight tradlny. Debeers lost two cents
      407 words
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon GM remains optimistic
      197 8 Reuter DESPITE sharply declining sales in recent weeks. General Motors chairman Thomas Murphy said the car giant still believes 1978 will be its best sales year ever. Besides weak sales. Mr. Murphy noted that GM production has been cut by over 176,000 vehicles since Jan. 1 due
      Reuter  -  197 words
    • Article
      Lock icon Goodyear plans to spend more
      186 8 Reuter GOODYEAR TIRE and Rubber Co said It plans to spend about US$4OO million this year on capital projects, compared with $300 million last year. The company said It anticipates spending $69 million for a radial auto tyre addition to its Gadsden, Alabama Plant. It
      Reuter  -  186 words
    • Article
      Lock icon FLUOR EXPECTS MORE ORDERS
      178 8 Reuter FLUOR Corp, citing expectations for substantial new orders, said it Is optimistic about continued growth in fiscal 1078 ending Oct 31 and beyond.' The company made the projections In Its annual report where It gave Its first detailed analysis of 1977 operations since release of
      Reuter  -  178 words
    • Article
      Lock icon Natomas fortunes tied to Indonesia
      630 8 Reuter LOS ANGELES: Natomas Co for years has lived with the reputation of being a high risk stock whose fortunes are tied closely to what happens In Indonesia. Since 1971, the San Fran-cisco-based company has derived most of its earnings from that country's oil. The
      Reuter  -  630 words
    • Article
      Marine Midland increase
      548 8 MARINE Midland Banks, Inc. has announced that earnings per share for 1977 were up 116 per cent over 1976. For year 1977, Income before securities transactions was U5517.42 million or $1.38 per share compared with $8.16 million or 64 cents per share in 1976. After securities transactions,
      548 words
    • Article
      Lock icon Philippines to sign formal agreement
      138 8 BONDS AND LOANS Reuter BANKERS Trust Co said the centra? bank of the Philippines will sign the formal loan agreement In New York for a US$lOO million Eurocurrency credit. The bank said the loan will be a seven-year revolving credit at one per cent above
      Reuter  -  138 words
    • Article
      Lock icon Venezuelan Eurobond
      71 8 Reuter FRANKFURT: Banks preparing the 200 million mark Eurobond Usue for Venezuela are aiming to bring the bond to market early next week with a 10year maturity and 8 per cent coupon. Preliminary indication! are that the Issue will have a grace period of five years, with redemption
      Reuter  -  71 words
    • Article
      Lock icon Argentina
      72 8 Reuter FRANKFURT: The sevenyear bond for Argentina will carry a6H per cent coupon and will beipr ISO million marks In place of the anticipated 6% per cent 100 mllllan mark offering, lead manager Deutsche Bank Ag said. The amount was raised and the coupon cut due to strong demand,
      Reuter  -  72 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      124 8 o«® study with Wblsey Hall OXFORD Institute of Administrative Management Institute of Bankers Inst of Chartered Secretaries Administrators Inst of Statistic ans London Chamber of Commerce Industry HSC GCE A L»ve! MCE SCGCE O Lewel London AEBGCE A O Levels Modern Mathematics for Teachers Foulks Lvnch L/ONDON As- of Certified
      124 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      809 9 i 3 -< XV sS 5^ >>"•- m i ftl^sa V >• M "V.: 5? "Vi? v-; >-■. aaaiSi s SStKS $g frKjjg&j V: r.- ;:>- ..:;-r v.i 'b-. y P «Vr* •V* 55A 7:v sr V- V '"t r U V' J-'-, m -.<:'\t v f i :'A: a:
      809 words
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  • Article
    Transactions in Singapore
    1228 10 BID and oft* prtow officially listed Mid buslncai In and ttportod to the Stock ExOlsinge of Singapore yesterday with the number of shares traded shown in btackgts In toO of 1,090 units unteM otherjmm specified. AH Time Settleiment Contract* are quoted •after the world "sett." Big •Board
    1,228 words
  • Article
    Government bonds
    164 10 Rep Spore D Mark 7% 1982 (100,000) (103 *B 104*8) Rep Spore 6 1/2% 1983 (100,000) (1038 103*8) Rep Spore 7 3/4% 1987 (100,000) (99*8 99*8) 4 3/4% 1/5/79 (250.000) (100.658 100.708) 5 1/4% 15/18/79 259,000) (101.178 101.258) 5 1/2% l/t/7%41 (250.000) (100.40B) 6 3/4% IS/6/89 250,000) (103.658)
    164 words
  • Article
    Corporate bonds
    134 10 Australian DBS 1/4% 1982 (100.000) (98*B 99*8) B O T 8 1/2% 1981 (100,000) (100%8 101*8) 8 O T 7 5/8% I9M (100.000) (96*8 9758) B O T Floating I9M (100.000) (99*8 99HS) LTCB J 1982 (100,000)(99V.B 1008) Credit Lyennais Floating 1983 (100,000) (98%8 99*8) (1) 99 C
    134 words
  • Article
    Unit trusts
    147 10 SINGAPORE UNIT TRUST INCOME BOND UNIT INuim' prion foe Feb 20) IC«m»t pei lew) The Commerce 1.78 1.89 INCOME BOND 1.09 1.16 The Saving Fund S'pore Prog Fund S poreSecurlty 1-11 1.18 0.85 0.90 1 84 1.74 1.03 109 MARA BUMIPUTRA FUND (Mtu|*n' prleee for Feb 28 First
    147 words
  • Article
    Stock options
    223 10 BTRIKINO 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. ~.W c ,Ju oSSr- ,l 1 .Pan Electric (March 11*55) 0.248) (June $1.55) (6.XBS) ?mV
    223 words
  • Article
    In Kuala Lumpur
    1435 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 In lots of 1.000 units unless otherwise specified. IMOUSTRIAL* AJlnemets (2.188). A loam {2MB 1.728) (4) 270 A Che* (1.168
    1,435 words
  • Article
    SHARE INFORMATION SERVICE
    2323 10 i*n/im Bfk Lew Uet Me +ar> ncr Or** DM ION ON Db Cw m Net P/l Vel {•mm _Dnr Lew 156 M 119 MO •r 210 106 2S1 422 140 132 1M M 212 57* 156 144 182 350 •1 Acma Alcom Allied Choc Bat* Ban Bouatead
    2,323 words
  • Article
    CHICAGO BOARD OPTIONS
    1393 10 February 16 ON the Chicago Board Options Exchange, a total of 88,294 contracts was traded on Thursday compared with 86.1S2 on Wednesday. OPTION APL JIT OCT STOCK Alcoa 40 1 UKTRD 1 V4 M 14 Alcoa 14 11/14 I 1/4 M 14 Alcoa sc 1/14 NOL NOL
    1,393 words
  • Page 10 Advertisements
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  • Article, Illustration
    SES moves easier in quiet trading
    562 11 SINGAPORE EXCEPT for isolated bright •pots, the Stock Exchange of Wfl pore moved decidedly easier ia quiet trading yMUrdiy. Right from the opening hall sellers made their prseiate felt, sad the resultant losses encountered by ■lost counters pared their earlier advances since the beginning
    562 words
  • Article
    Sellers active on KL mart
    595 11 THE KUALA Lumpur Stock Exchange yesterday ended on an easier note with trading generally sluggish for a greater part of the day. Sellers dictated most of the action which resulted in marginal to moderate declines across a fairly broad front. Most of the speculative second
    595 words
  • COMPANY NEWS
    • Article, Illustration
      Associated Plastic shares up 55pc
      863 11 THE HEIGHTENED activity seen at Associated Plastic Industries (API) of late has convincingly flushed Its share price above ts par value of $1 since Its listing on Jan 9. 1974. Indeed, over the past few weeks, and over the past few days In particular, the
      863 words
    • Article
      G. Lumber fails to follow rules charge
      473 11 THE KUALA Lumpur Stock Exchange (KLSE) has taken General Lumber (Holdings) to task over its recent acquisition for M 53.15 million of the fixed and productive assets of Federated Kilning and Exporting, a timber processing company in Klang. Clearly not reassured by the
      473 words
    • Article
      UDA-SEA triples profit to M$6m
      235 11 REFLECTING the basic viability of the housing market. UDA-BEA Park Development, the company responsible for developing the 270 -hectare Taman Tun Dr. Ismail Estate, has reported a near tripling of Ua profits for its year to Dec Although just in the stage of completing phase
      235 words
    • Article
      Voluntary liquidation
      73 11 INCHCAPE Berhad has announced that its wholly owned subsidiary, Sarawak Shipping Sdn Bhd, has been voluntarily liquidated. The subsidiary has not been involved In any business activities since June 1974 and accordingly its liquidation does not affect the overall financial and trading situation of the group, Inchcape says.
      73 words
    • Article
      DIVIDENDS ANNOUNCED
      169 11 CIIH b Oat* Tetal far Tatal far -ot» Ml Date payable tkff JPMf 4M CSMMrittM Ayer Meiek Dbnatt 8TP(1«7S) Yea HUySaag M.BuU«| 8.P.TastUe KX-fclt AIhm 3.5*1 12.5% W «%<n) 19% 17.9% 10%(b) 9%I 10% 7%% l»%<b) 19%(b) Ml Feb J Jan 30 Feb3 Feb2 Jan 27 Feb 14
      169 words
    • Article
      MURATA VICTIM OF TRADE RESTRICTIONS
      648 11 ALL IS NOT well at Murata Manufacturing of Japan. For, after reporting record earnings ana sales for the year ended March 20, 1977, the company has hit a bad patch. It has fallen victim to very unhealthy economic influences, not the least of which is
      648 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      386 11 Hi i iHUiiii 1 <)l Mr >l <()\ AA4 THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn. For ing of civilization's great men. A conversawithm the GREAT BOOKS are volumes tion that has created the lasting institutions that hold the ideas and thinking that
      386 words
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  • Article
    Trustees Bill passed to remove ambiguity
    315 12 PARLIAMENT yesterday passed a bill which will reffiove any ambiguity over w&ther trustees are permitted to Invest funds in bobds, debentures, loan stock and other notes. The Trustees (Amendnsmt) Bill, passed through aT) stages at yesterday's sitting, will amend the Trustees Act to specifically
    315 words
  • Article
    DACCA'S MISSION
    62 12 BANGLADESH will send a high-level delegation to wxjrk out possible Joint ventures with Singapore in certain industries such as shipbuilding and food canning. The Bangladesh President, Major General Zlaur Rahman, who was here yesterday on his way home fCpm the Commonwealth regional summit In Sydney, said trade with
    62 words
  • Article, Illustration
    MAS spells out government credit policy
    677 12 THE GOVERNMENT'S philosophy in promoting credit expansion in the economy was spelt out yesterday by Mr. Tang Wee Lip, manager of the Monetary Authority of Singapore. The role of the MAS, he explained, Is to oversee that credit Is directed at the productive sectors
    677 words
  • Article
    BANK STAFF TOPS IN PRODUCTIVITY
    573 12 BANK WORKERS top the productivity chart in Singapore. They are also among the best-paid and highly-skilled of the nation's labour force. Dr. Pang Eng Fong, director of the Economic Research Centre, yesterday gave these top marks to the men and women who make Singapore tick
    573 words
  • Article
    LONDON STOCKS
    738 12 LONDON, m. Government bonds closed mixed while equities firmed slightly in light Bre8 re-weekend trading today, ealers said. At 3 p.m. the financial Times Index was up 3.7 at 458.7. Long-dated government bonds ravened initial falls to show net gains ranging to K following news of a modest
    738 words
  • Article
    Vision of Asian, S-Pacific common market
    290 12 SRI LANKA'S Foreign Minister Abdul Cader Ha meed yesterday envisioned the birth of an Asian aad South Pacific common market emerging from this week's regional summit conference of 12 Commonwealth leaders in Sydney. Me also foreshadowed the possibility that the economic linking of 750
    290 words
  • Article
    Lock icon Tariffs will remain in near term: Lee
    1025 12 Reuter MR LEE Kuan Yew said In Sydney yesterday he did not expect Australia and New Zealand to bring down their tariff barriers In the near future. "If It Is going to be done at all It is something that has to be
    Reuter  -  1,025 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      104 12 SEE PAGE MR. BUSINESSMAN: Is Business slow? Need mora customers? Selective buyers consult the Yellow Pages. Many businesses have found Yellow Pages to be their best (and least costly) salesmen. 'HAVE YOU FINALISED YOUR ADVERTISEMENT? EARLY HANDLING/COMPLETION OF YOUR I 1 BOOKING ENSURES MAXIMUM ATTENTION I Yellow I I*o YOUR
      104 words
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      Page 12 Advertisements Column 2
      350 12 FROM FEDERAL PUBLICATIONS IM BtA N YAM m r mm. '/LSI I Ire lit DM 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 ar\ expert flower arranger of even the veriest novice The joy
      350 words
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      Page 12 Advertisements Column 3
      3 12 SEE PAGE t
      3 words