The Business Times, 11 March 1978

Microfilm: NL9627
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, MARCH 11, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Jobless rate down
      86 1 WASHINGTON, Frl. a big increase in new manufacturing jobs helped push America's jobless rate down to 6.1 per cent in February, the fourth straight monthly decline In unemployment and the lowest since October 1974, the US government reported today. The February report said the effects of the
      86 words
    • Article
      Concorde talks
      56 1 ICUALA LUMPUR, Frl. Talks between Britain and Malaysia on the Concorde issue which resumed today will continue tomorrow. Ministry secretary-general Hajl Mohamed Noor Hassan said the talks were held In "quite a friendly" atmosphere. Asked If the Issue could be resolved at this latest round of talks, he
      56 words
    • Article
      Sime to expand
      74 1 KUALA LUMPUR, Fri. The chairman of Slme Darby, Tun Tan Slew Sin, said today the Slme Parby group will expand its activities both In and outside Malaysia so as to put Malaysia on the Industrial map of the world. "We have the resources, we have the skills
      74 words
    • Article
      Lock icon Moderate rise
      82 1 UPI TOKYO, Frl. Japan's imports on a licensed Contract basis in February rose at a moderate annual pace, an indication that the purchase of foreign goods was not enough to visibly reduce Qie country's ballooning trade surplus, a government report showed today. •"Import licensing a formality to see
      UPI  -  82 words
    • Article
      Lock icon Hot line
      63 1 Reuter FRANKFURT, Fri. A Bundesbank spokesman said US-West German currency talks of the kind announced yesterday by President Carter Have already been taking place for some days by telephone. Z "The present talks should be completed at the weekend if possible and It remains to be seen In
      Reuter  -  63 words
    • Article
      Lock icon Deficit with Opec
      48 1 AP WASHINGTON, Fri. The US trade deficit with oil-exporting countries in 1977 was US$2l.9 billion, accounting for more than three quarters oX the total US trade deficit, according to Departmeat of Commerce figures. In 1976 the deficit with oil-exporting countries was $14.7 billion. AP. Mi
      AP  -  48 words
    • Article
      Lock icon US promise
      65 1 UPI T* l United States today told a major UN meeting here It would work for a new International economic order" necessary the Problems of developing countries. US representative Melissa Wels delivered the medge in a speech to the 34th annual meeting of the UN Economic and Social
      UPI  -  65 words
    • Article
      Lock icon Dow Jones
      66 1 UPI NEW YORK, Frl. Stocks moved sharply and Broadly higher early today In reaction to a dip in the nation's unemployment rate ana a strengthening of the dollar on foreign exchanges. Trading was heavy. P° w Jones Industrial average was ahead 3.47 points to 753.47 shortly before 11
      UPI  -  66 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      105 1 Rises N8T 530 M 420 STPmi 490 a»SMiM no CSmtmra 270 SiMDurfcy 352 CttyDwr 87 PkaBfectrfc 178 fewUii 135 CKTui 143 yOL 95 V, +25 +20 +16 +14 +13 10 +8* +8 +8 +7 +6* Falls TrMkMi mt** E YH8 3S3*S8 1? -24 -10 -6 -6 -4
      105 words
    • Article, Illustration
      In Kuala Lumpur
      163 1 Rises Br Bagan 2.00 .20 Syn Resins 1.16 .12 Sine Darby 3.08 .12 S. Land 1.39 +.09 City Dev 0.88 .06* CNympla 2.02 +.07 Perils 2.07 .07 U.O. Land 0.96 +.06 Dutch Baby 1.44 .06 Q 8ugars 2.73 +.06 Foils OonaolPtt Iframat 5.15 5.80 -.10 -.10 Sentosa
      163 words
  • Article, Illustration
    Deposits trail growth of loans
    855 1  -  MAS HELPS MAINTAIN LIQUIDITY By JOHN TAN the LIQUIDITY position of banks has been tightening steadily over the past year. Loan growth has far outstripped deposits from non-bank institutions and Individuals, leading thus to upward pressure on interest rates. The Monetary Authority of Singapore has,
    855 words
  • Article
    Another boost for hotel room capacity
    625 1  -  •y RONNIE LIM MORE than 500 new hotel rooms will be created from the two hotel projects awarded by the Urban Redevelopment Authority under its sixth sale of sites. One of the projects Is by Pontlac Land, understood to have Indonesian principals, which is
    625 words
  • Article
    Intraco invited to send mission to North Korea
    218 1 NORTH KOREA has extended an invitation to Intraco, the Singapore Government backed trading company, to ■end an exploratory trade mission to the country. Hie company ii now preparing a list of products which Singapore can offer North Korea, ranging from semi-processed to
    218 words
  • Article
    FELS not likely to maintain its payout
    553 1  -  •y TOH THIAN SER FAR East-Levlngs ton Shipbuilding is unlikely to pay a maintained dividend of 25 per cent for 1977 given Its poor performance. Against the background of the recession-hit shipbuilding and rig construction markets, the company suffered a 23 per cent
    553 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      18 1 4&r s** high 2Va M wide lOolwL works 24 hours i day and never grumMes lAgantDON RAT, -M:*****8/53t163
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    • Advertisement
      Page 1 Advertisements Column 2
      143 1 LATEST ISSUE The latest issue of the ASEAN Business Quarterly follows two major themes: The modernisation of rural areas and world markets for toys and games. The former attempts to get at the roots of economic motivation among 80% of the ASEAN population. The latter explores the British, American, West
      143 words
    • Advertisement
      Page 1 Advertisements Column 3
      77 1 msm KL bidi for regional bank office BENEFITS of A—mi cwitui ia West Asia NORWAY may rationalise yard industry JUDGMENT againat Haw Par'a capital redaction LETTER to tke Editor LATERAL tkiikiai pay* dividenda 7 FORUM: Tip* and tke Tipster 7 MUSICAL chairs tempo qaichsas at Guthrie U LIEN Hoe right
      77 words
    • Advertisement
      Page 1 Advertisements Column 4
      226 1 Everett l ines KM TH« MOST PfttQUCMT SAIUMOS TO tANOKOK lIOWKOMB JAPAN PUSAM. Everett Steamship Corpn S A The SGV Group Management Consulting Services Our client a newly established Regional Development Bank in East Malaysia, invites applications for the following positions: CREDIT/PROJECT LOAN OFFICER (ERS 140/78) The successful candidate will
      226 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      212 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Feb 13 Administrative YWCA, Marine University of Mar 31 management Parade Singapore Mar 4it 11 Business strategy: Formulation and SIM Conference SIM Implementation Room 4& 11 Telephone Techniques and SIM Conference SIM Courtesies Room Mar 6-15 Material Store Accounting and Hotel
      212 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      168 2 THE Board of Directors of Fraser and Neave Ltd. announces the appointment of Mr. Jordan Yia (above) as general manager, Malaysia, to replace the late Mr. A.D. Fraser. Mr. Yin Joined the company In Singapore In 1951 as a trainee executive after graduating with an arts degree
      168 words
    • Article
      Thai moves may kindle inflation
      483 2 WORRY over inflation was the main reaction yesterday to the Thai government's package of measures aimed at rectifying trade and payments. Bankers, businessmen and newspapers all predicted that increases in excise on petrol and some other items, as well as stiff increases in Import duty
      483 words
    • Article, Illustration
      BIDS FOR BANK OFFICE
      300 2 MALAYSIA has offered to the Islamic Development Bank free facilities to set up a regional office In Kuala Lumpur. Disclosing this Finance Minister Tengku R&zalelgh Hamzah said the bank Intends to set up two regional offices, and Malaysia Is bidding for one of them. Malaysia, he
      300 words
    • Article
      Chinese very fair' on rice sale to Malaysia
      306 2 CHINA did not take advantage of the rising price of rice to push for a higher price when Malaysia negotiated with it for the 100,000-tonne long grain rice agreement signed on Feb. 24, the secretarygeneral of the Ministry of Public Enterprise said.
      306 words
    • Article
      Seoul to buy less from Japan
      493 2 SOUTH Korea is quietly taking steps to reduce Its heavy dependence on imports from Japan, and to boost supplies from elsewhere, especially from Western Europe. The aim is to trim Korea's enormous trade deficit with Japan, while curbing protectionism in the West against Korean
      493 words
    • Article
      A FIFTH OIL REFINERY COMING UP
      194 2 SOUTH Korea plans to build Its fifth oil refinery by 1081 but details of the plan are yet to be worked out, a spokesman for Its Ministry of Energy and Resources said. The spokesman said that South Korea needs a new refinery to start
      194 words
    • Article, Illustration
      Asean centre in W. Asia can woo petro-dollars
      458 2 THE MALAYSIAN National Chamber of Commerce and Industry chairman, Senator Kamarul Arlffln, has advocated the setting up of an Asean investment centre, to be located In a West Asian country and staffed by representatives from each Asean member. The centre would then
      458 words
    • Article
      Lock icon Tokyo's top five steel makers to economise
      272 2 AFP AP JAPAN'S top five- steelmakers will spend 24.3 per cent less on plant equipment in fiscal 1978, starting April, compared with the year before, the Ministry of International Trade and Industry said on Thursday. The big five Nippon Steel, Nippon Kokan, Sumitomo
      AFP; AP  -  272 words
    • Article
      Seminar on US tax
      57 2 THE US Internal Revenue Service and the US Embassy will hold a tax assistance 11 seminar for Americans on April 4. There will be a discussion on American tax law arid*' those attending mat prepare their tax re turpi, under the guidance of US tax officials
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  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      614 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 4 Call one a character (6) 7 A short drop that can be heard (8) 8 One not in the market for a fridge? (6) 10 Lives with a pop star (9) 13 Place of business (4) 14. Some free samples for Dal (4 >
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  • OVERSEAS
    • Article
      Lock icon Forecast of weak UK exports
      572 3 UPI Reuter THE UK Trade Department said It expects export volume to grow only one per cqpt in the first half of this rmr compared with second htlf-1977, down from Its forecast of 2 to 3 per cent made three months ago. present forecast on
      UPI; Reuter  -  572 words
    • Article
      Lock icon No protection for Textron's papers
      455 3 NYT IN a significant victory for the US Securities and Exchange Commission on TJmrsday, a Federal District Cotat Judge ordered Textrop Inc. to turn over company documents to the agency without a special order to protect their confidentiality. .The ruling, by Judge June Green, marks
      NYT  -  455 words
    • Article, Illustration
      Lock icon Bank accuses Lance of takeover bid
      333 3 AP I A WEST Asian prince, the wife of former US Budget Director Bert Lance and four other persons were the secret defendants named In a court action by Financial General. a court hearing, attorneys for Financial General said West Asian lntertsts figured In
      AP  -  333 words
    • WORLD IN BRIEF
      • Article
        Lock icon NEW SPACE VENTURE
        447 3 Agencies U& GOVERNMENT space experts are considering a plan to save up to US$4O million (Ss92 million) a year by turning space shuttle operations over to private companies. According to an official of tqa National Aeronautics and Space Administration (IVasa), the shuttle, a system of reusable space
        Agencies  -  447 words
    • Article, Illustration
      Lock icon Ominous signs of worsening inflation
      1116 3 JUMP IN WHOLESALE PRICES NYT Reuter NEW warnings of worsening inflation were signalled on Thursday by a US government report that wholesale prices in the country rose 1,1 per cent last month the sharpest rate of increase in more than three years. The US Labour
      NYT; Reuter  -  1,116 words
    • Article
      No plans to discuss US$
      793 3 KUWAIT said on Thursday a forthcoming meeting of the Organisation of Petroleum Exporting countries in Geneva is unlikely to Include any detailed discussion on the flagging US dollar. Kuwaiti Oil Minister Sheikh All Khalifa confirmed an Iraqi report that the 13-state petroleum cartel would meet
      793 words
    • Article
      Measures will not harm Zurich's status
      215 3 SWITZERLAND as a financial centre will not be adversely affected by the government's recent measures taken against the Inflow of foreign money to dampen the rise of the Swiss franc. Swiss National Bank vicepresident Leo Schuerman said the country's capital export policy has remained
      215 words
    • Article
      Lock icon UNION'S NOD FOR STRIKE
      325 3 Reuter THE executive board of the German trade union, IO Metal has approved a recommendation for metal workers In North Wuerttemberg-North Baden to start a strike on March IS. The recommendation was made by the union's tariff commission after metal workers In the region voted overwhelmingly
      Reuter  -  325 words
    • Article
      Lock icon Philippines in talks for $1.15b loans
      162 3 Reuter DISCUSSIONS between the Central Bank of the Philippines and a number of bulks and financial Institutions are underway for up to US$5OO million (551.15 billion) in new International loans, New York banking sources said. /The sources said no mandate has been given to
      Reuter  -  162 words
    • Article
      Lock icon No US-Bonn monetary meet this weekend
      364 3 Reuter AFP THE Treasury said no meeting Is planned this weekend between US and German financial officials. The Treasury statement came despite President Carter's earlier announcement that he and West German Chancellor Helmut Schmidt had agreed to such a meeting. A Federal Reserve Board
      Reuter; AFP  -  364 words
    • Article
      Injunction under Taft-Hartley Act obtained
      273 3 THE Carter administration obtained a court order under the Taft-Hartley Act on Thursday that began an 80day, back-to-work coollngoff period for the striking coal miners. It was the first time the government has used the controversial and widely disliked law since 1972, when it was
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      166 3 COLLECTINQ ORIENTAL fINTOIEJ by Judith Moorhouse and Dries Blitz T IGI Hamlyn Group, London. JG Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and inscrutable East. It is, however, widely believed that they are too expensive for the average collector. This myth Is
      166 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      414 4 THE Singapore market closed yesterday slightly easier with April One RSS buyers quoted at 204.75 cents per kilo, down 0.25 cent from Thursday. Morning prices were marked up initially but fell back later on lack of support in idle trading. Prices fluctuated around lunch-time levels
      414 words
    • Article
      RAS PRICES
      303 4 Prices in cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.S.S. prompt f.o.b. Int. 1 R.8.S. April Int. 1 R.8.8. May Int. 2R 8 8. UK/Cont. Int. 3 R.8.8. UK/Cont. Int. 4 R.8.8. UK/Cont. Int. 5 R.8.S. UK/Cont. Buyers 203.73 204.75 205.25 199.75 198.75
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    • Article
      SSR AND SMR
      95 4 NOON SSR and SMR price* yesterday: HAS (Cu Buy* April mot Mth) r» Seller* >t»P«k|) May (Forward Mth) Buyer* Seller* (emu per kg) SSR 20 SSR SO (1-ton pallet) (1-ton pallet) 194.50 192.50 195 SOS 194.50N 195.50 193.50 196.50N 195.SON MBELB SMR5CV SMR SL SMR 5 SMR
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    • Article
      Palm oil
      77 4 C.l.F. US dollars per ton. LONDON: Thursday Previous Malaysia 5S ffa bulk May 825 sir 580 sir Sumatra 5H f fa March MOpd 580 pd April 800/805 pd 800/806 pd May 827Vbpd 580 pd June 58V #02 Vii 597 VS pd/ 585/582W pd 800 qfd July 585 qtd
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    • Article
      Closing prices
      29 4 Rubber: March 10. Sinca pore: April 204.75 cents (down 0.25 cent) Malaysia: April 208.00 cents (down 0.25 cent) Tin-5i.620 (down 110) Official offering-lM tonne* (down 14 tonnes)
      29 words
    • Article
      Rice
      113 4 HONGKONG'S market was steady yesterday with prices up to 1.40 cents lower, dealers said. Turnover totalled 305 tonnes comprising Thais 97, Kwangtungs 136 and Australlas 72. There were no arrivals. (All prices in HK dollars per plcul ex-godown unless stated): llai White: 100 pet Old Crop Ist class 132.00
      113 words
    • Article
      Produce exchange
      385 4 COPRA and coconut oil prices held firm In a quiet Singapore produce market yesterday. Local dealers were able only to make small sales of 10 to 15 tonnes each to local wholesalers. The top grade, coconut oil new drum, was quoted at 595 per picul by the Si
      385 words
    • Article
      Coffee
      228 4 ROBUSTA futures in London yesterday closed the morning slightly easier around the session's lows. Values were C2O to £1 down from previous night except for untraded distant Jan which on a price adjustment gained Ci: Dealers said there was no overall change in the background picture but the advance
      228 words
    • Article
      Coal strike and US dollar affect mart
      371 4 MARKETS have been overshadowed largely by preoccupation and apprehension over the unresolved US coal strike and apparently endless depreciation of the US dollar, with turnover thin; levels overall finished the week only one cent lower. Initially, there was a twocent Improvement following a
      371 words
    • Article
      Sugar
      159 4 TERMINAL sugar in London yesterday opened down from Thursday night by t0.70 to C 0.30 per tonne at new contract lows in nearby positions. But prices rallied on weekend and currency covering in relatively thin post-call dealings. Traders said the tone was set by market talk of Thursday's one
      159 words
    • Article
      Straits tin
      193 4 THE Btralts tin price In Penangofell MSIO per plcul The continued weak sentiment was Influenced by easier conditions in London following Carter administration support for a revolving stockpile fund. Consumer buying demand was slow and total turnover dropped to 196 tonnes from Thursday's 210, dealers said. In LONDON
      193 words
    • Article
      Lead
      52 4 LEAD in London yesterday morning lost 11.50 for cash and t'2.75 for Three Months. This metal also fell back from Thursday afternoon's higher kerb levels under profit-taking and long liquidation which took Three Months from L3lO on the pre-market to £304 in the first ring where some stop-loss selling
      52 words
    • Article
      Zinc
      47 4 ZINC in London yesterday morning declined by £3.75 per tonne all round. The market was fairly subdued with profit-taking developing following the downward movements In copper and lead. Three Months eased from 1265 on the early pre-mar-ket to i 261 during late ring and kerb dealings
      47 words
    • Article
      Cocoa
      125 4 TERMINAL cocoa In London yesterday moved to new highs for 1978 touching £40 limit up levels without actually sustaining the advance. Values closed the first call with modest gains having initially traded ill down in spot March. Dealers attributed the support to fresh speculative and chart buying plus currency
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    • Article
      Hongkong comex
      207 4 THE sugar market closed yesterday easier In quiet and narrow trading, with eight lots traded. Trading was restricted to May, July and October, with losses of around U50.05 cents on commission house, long liquidation offset by trade house and local speculative buying. May and October were traded at
      207 words
    • Article
      SPOT PRICES
      192 4 YARN and Cotton In Hongkong dollars spot ex-godown: Cotton Yara: China Blue Phoenix 20 s 1.730.32'f 2.000.40'* 2.1*5 (per of 400 lbs) Piece good*: China Butterfly and Olobe Brand unq. Dragon Head unq Five Lambs unq. Flower and Butterfly una. Flying Oeeae unq. (per piece 36 Inches by
      192 words
    • Article
      Soybean
      214 4 SOYBEAN futures In Chicago closed with up 131/2 to 7-1/4 cents a bushel on Thursday, but ended well below the sessions highs posted at the opening. prices Jumped as much as 28 cents Initially with Short-covering and speculative buying generated by Braill's reduced estimate of Its soybean crop. Commission
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    • Article
      Wheat
      90 4 WHEAT futures extended in Chicago on Thursday their early retreat from the day's highs to close 1-1/2 to six cents a bushel lower. The market gained about three cents In initial dealings, mainly on spillover speculative buying from soybeans. But the buying interest was limited and profes- sional selllnj
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    • Article
      Copper
      289 4 COPPER wlrebars In London yesterday morning softened by £0.50 for cash and £1 for Three Months. Values eased back on the pre-market under end week profit-taking although some early West German physical demand and expectations of further substantial shipments to the US from LME stocks this week gave a
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    • Article
      Silver
      192 4 SILVER on the LME rose by 2.3 to 2.2 pence per troy ounce on Thursday. The easier trend In sterling against the US dollar and a rise In gold encouraged short-covering during the afternoon up to 283.7 pence for Three Months before profit-taking trimmed prices. ueaiers said sentiment during
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    • Article
      Gold
      471 4 THE kllobar In Singapore opened at S$ 13,976 and dosed at $13,953. In London the metal opened at US$lB7.lO/40 and was bldded up to a high of *187.56/85. The market (ailed to hold at this level and drifted to close at a low of $186.00/90 due to the strenghtenlng
      471 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        505 4 UNDER thin and cautious trading conditions, the US dollar yesterday staged an across the rally against major currencies on the foreign exchange market. Opening at the 234.10/20 level against the yen, the US dollar was traded up to 234.70/80 before nipping past the 235 mark to touch 235.10/25
        505 words
      • Article
        Minimum lending rates
        73 4 THE AVERAGE prime rate of *"»ln in Singapore stands around 7 per cent, with the ranee running between 6V< per cent and 7V« per cent. Oversea-Chinese Banking Corporation ia at the lower end of the range while a number of bonks, including Citibank and Development Bank of
        73 words
      • Article
        Asian $ rates
        176 4 Asian rates ASIAN currency deposit interbank rates as at close on Mar 10: US Dollar. (Spat) Offer Bid 7 days .6 15/1* e 13/16 1 mth .7 3/8 7 1/4 2 mths .7 3/16 7 i/ie 3 mths .7 vie 7 vie 6 mths .7 e/ie 7 7/ie 9 mths
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      • Article
        Discount
        43 4 RANOE OF price* offered by dU count house* on Mar 10: Overnight 3*** Call deposit IV,*. Closing Buying Selling 3-Month Tre**ury bills 3-Month Bank bill* 3-Month CD 8-Month 3 3/16 31/16 47/» 43/4 S1/16 415/16 51/16 55/16 Source: National Discount Co Ltd
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      • Article
        Euro $ rates
        158 4 Euro rates LONDON Eurodollar deposit rates opened yesterday easier where changed but rates tended to recover slightly in early trading. The fall In the US money supply figures was largely anticipated but prompted fairly large lending interest on the possibility of lower US Interest rates, dealers said. Periods opened around
        158 words
      • Article
        Treasury bills result
        44 4 RESULTS of tender held on Mar 10 for 91-day Treasury bills to be issued from Mar 13 to 17: Offered: $30,000,000 Applied for: $65,800,000 Allotted: $30,000,000 Accepted bids: $99.20 16% higher bids in Average rate of discount on allotment 3.160% p.a.
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      • Article
        London
        301 4 THE opening dollar advanced against most major currencies In fairly active trading, spurred by market expectations of a tighter US money policy. The Swiss franc extended Thursday's weakness against the dollar, falling to an early 1.9950/2.000, Its lowest level for several weeks here, but rallied strongly back to Thursday
        301 words
      • Article
        New York
        168 4 THURSDAY S dollar closed firmer against major currencies, aided by President Carter's statement that US and German officials will meet this weekend to discuss the dollar situation. Although the White House said later talks would only take place by phone, dealers said the market continues to expect that
        168 words
      • Article
        Eurobonds
        314 4 Straight* BU Ofhr FFI Slg 9*« 87 97.75 98 50 Court*uldi stg 9\ 89 •5.75 •6.50 EIB slg 9\ 92 97 50 86.25 Flsonsstg 10% 87 100.50 101.25 Inc9 92 96.50 97 00 Irvco8%84 97 00 •7.50 Sparbankernas 8*. 88 Shell 8 90 97.25 •6.25 96.62 •7.12 SNCF8W84 99
        314 words
      • Article
        Tokyo
        126 4 YESTERDAY'S US dollar for overnight delivery closed at 234.75 yen, slightly down from a 234.80 opening but sharply up from Thursday's post-war record low closing rate of 233.60. No central bank intervention was detected. Trading was active with volume $426 million. The rate rose to 235.20 at one point
        126 words
      • Article
        Frankfurt
        41 4 FRANKFURT exchanges opening quote* on Mar 10 gBr«gfimtMMmmt SterUnc 3.RM31 D Fl 93 45/10 8 FT 1M.40/M Ut 2 30/303 F Fr 41.73/03 N Kr X. 17/27 B FT (con) I U1/MI B Fr ((in) I ti/ti Yen 0 8710/85
        41 words
      • Article
        Zurich
        53 4 ZURICH «chan«cs closing n Mar 08 1.9470-0610 Stariiat S.T4M-79M Can 1.7206-7337 D Mk 96.91 13-00.3032 o pi m.-nas-mm r Pr 40. U12-2061 B Ft 6 .1696-1T21 D Kr 34.(207-9016 N Kr 96.9737-662< 8 Kr 42.2343-3302 Ut 0 2276-2283 Ana aeti 13 9003-3403 Port 4 7002-6113 Spain 2.4277-4907 Art 0.26-96
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      • Article
        Hongkong
        94 4 THE dollar was auoted yesterday sharply higher against the Swiss franc in very active and nervous late trading here, and also firmed against other major currencies. Dealers reported a substantial order for dollars from a U8 bank's Central American branch during morning, and added there was also demand for
        94 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      65 4 The Love of e ne ooking n^ T vV 4 **> H sv, >* >: •V. v ■J. f« Ju a Km V* a S r* mm Kenneth Lo at* preparation, cooking and aanrtng CNnaaa Ingrodlont*. Ovor 100 doicloua CMnoao raclpaa. My tuatratod wWh <0 colour photographa dopicMwy tfto almpHattc
      65 words
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  • TRANSPORT
    • Article, Illustration
      First of six 'parcels' is delivered to Seoul firm
      267 5 A MODERN and sophisticated parcel tanker, MT Stolt Seoul, was delivered r recently to Far Eastern ClCt Marine Transport Coined" pany of Seoul (Femtllne). '2' The 32,000 dwt vessel Is M the first of six ordered by Femtllne from the Korea
      267 words
    • Article
      LONDON FREIGHT
      53 5 GRAIN provided more interest lately as North American grain fixing from the Oreat Lakes, the Atlantic coast and the US Gulf predominated. Glenas contracted five to six 25,000-ton shipments from the Great Lakes and St. Lawrence to the Soviet Baltic at US$lB.5O (Ss4l) for the Lakes run and
      53 words
    • Article
      Willine
      158 5 WILLINE Is an Independent liner service that serves the Singapore/ Arabian Gulf trade. It Is owned by Wllh. Wllhelmsen of Oslo, which Is known worldwide for its cargo-liner services. The five semi-container vessels, each with a service speed of about 21 knots, have heavy-lift capacities of up to 125
      158 words
    • Article, Illustration
      SHIPS IN PORT
      372 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Altalr (1400 after Bengloe) 31/32 Cherry Vllja (B. Barge) (2300 after Ocean Supply) 48 Ende (1700 after King River) 23 Pabloeverett (0630 hauls 40m West after Bengloe) 33/34 Pazln (0700 after P&bloeverett hauls) 35/36 Straat FIJI (1400) 3/4 Vasll Lev sky (2100
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    • Article
      Norway may slash yard capacity
      956 5  -  RATIONALISATION MOVE By TERESA LIM THE shipbuilding slump •will continue until governments face the painful fact that their shipbuilding industries must be rationalised to some extent. The first country to face this fact is Norway, one of the shipbuilding giants of Western Europe, which may
      956 words
    • Article
      Lock icon SCRAPPING SPREE
      242 5 Reuter FALLING world demand for oil Is forcing shippers to scrap tankers at a record rate. At least nine tankers totalling more than 1.5 million tons have been sold for scrap In the past 12 days, shipping brokers In London said. One of them, the 206,000ton Dy vl
      Reuter  -  242 words
    • Article
      Lock icon CAF set for April
      139 5 Reuter THE Australla-to-Europe shipping conference said In Sydney a 2.81 per cent currency adjustment factor (CAF) will apply to all cargo except woof and contract closewelght from April 1. The CAF element was previously Incorporated in freight rates. Meanwhile, members of the Hongkong/Gulf of Aden and
      Reuter  -  139 words
    • Article
      Lock icon Move to resume flights to Los Angeles
      223 5 Reuter BRITAIN'S biggest independent airline, British Caledonian, said on Thursday It would Introduce a £69 (5J307.74) one-way ticket between London and Los Angeles If the British government approved Its application to resume flights to the US West Coast. The no-frlll, no-reser-vation service would
      Reuter  -  223 words
    • Article
      Lock icon Israel rates
      32 5 Reuter MEMBER lines of the conference covering trade between UK and Israel announced the Currency Adjustment Factor effective March 6 is 13.13 per cent against 12.75 per cent previously. Reuter
      Reuter  -  32 words
    • Article
      Lock icon Further rise in layoffs forecast
      222 5 Reuter WORLD shipping tonnage laid up, due to lack of employment, continues to rise. The Oeneral Council of British Shipping (GCBS) places tonnage Idle as at Jan 31 at 45,627 long dwt (685 vessels) compared with 43,169,000 dwt (657) at Dec 31. The latest figure
      Reuter  -  222 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      691 5 ARRIVALS Service Local Operator Number Time From CAL TMA MAS MAS SIA MAS MAS MAS CAL GIA CPA THAI SIA SIA GIA MAS GIA PAL RBA GIA SIA KLM CI333 TL302B MH601 MH682 SQ101 MH621 MH607 MH671 CI814 GA980 CX710 TG423 SQ103 SQ209 GA944 MH605 GA908 PR501
      691 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      297 5 SEE PAGE 6 w Xr L y^\ j I BUSINESS TIMES: Special Feature on Travel 1 "A Businessman's Holiday With a difference" I A April, the time of year when people are either travelling J or planning their annual holidays. Because the y are frequent travellers, businessmen jj \JT are
      297 words
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  • Article
    Dollar's weakness more fearsome
    512 6 U8 TREASURY Secretary Michael Blumenthal's remarks in Ottawa to the effect that the US will not resort to protectionism to correct trade Imbalances Is Indeed sweet music to the ears of countries heavily dependent on exports. The music, however, would be much sweeter if it were
    512 words
  • Article
    Shipbuilders still in deep waters
    281 6 THE Ulseveth Committee's recommendations to Norway are not the first to recognise the stagnant world shipbuilding picture. It has been acknowledged by all sane men that the current slump cannot be resolved except by the rationalisation of shipbuilding capacity. But, as is usual, each shipbuilding
    281 words
  • Article, Illustration
    The Haw Par Judgment
    3384 6  -  »y JOHN TAN LAST year, Haw Par Brothers International Ltd applied in the High Court for a capital reduction to offset extraordinary losses taken into the company's accounts In 1976. The company asked that Its share premium account be reduced from 161,288,789 to $2,349,413 and applying
    3,384 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      618 6 586 Orchard Road, S'pore 9. Tel: *****2 406/407 Havelock Road, S'pore 3. Tel: *****1 HOTEL ROYAL-RAMADA Newton Road, S'pore 11. Tel: *****1 Pebble Bar Come and be enchanted by the repertoire o f the dynamic duo Adam and Ben (appearing for a short season only). Daily (except Sunday) open till
      618 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      65 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Isolated showers in the late morning. REPORT for 24 hours prior to 7.30 pm on March 10 at the airport. Maximum Temperature 30.3° C Associated Humidity 70 Minimum Temperature 24.5° C Associated Humidity 98 Hours of Sunshine 6.45 Rainfall in
      65 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      303 6 SINGAPORE 5 100 PM Opening announcements followed by Sesame Street 0 1.50 Lassie Feature Handord's Point Starring: Lassie, Robert Bray and Tony Dow 3.00 Cartoon Corner 3.15 Hazal (Repeat) 0 340 Police Surgeon Looser's Weepers 0 405 Soccer Friendly International Singapore Vs Ex-German International (Repeat) 0 5.00 Sandiwara Patah Sayap
      303 words
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  • Article
    One investment that can produce a high yield
    1078 7  -  »y EDWARD DE BONO OVER the last few years I have noticed a huge lnc£Mse of Interest In this matter of creativity. The Interest has come from governments, from major corporations as well as from SQ&ll businesses and Individuals. I often get
    1,078 words
  • Article, Illustration
    STRAWS IN THE WIND
    297 7 SINGAPORE Airlines gets bouquets and brickbats In all kinds of forms, including even poetry, it seems. A little of this will go a long way, so here's Just a couple of verses from passenger Mr. R.L. Henson, of Oregon, USA, who recently wrote to SlA's house
    297 words
  • Article, Illustration
    The creator of lateral thinking
    369 7 DR. EDWARD Francis Charles Publius de Bono, 45, is the creator of the "Lateral Thinking" concept, which he first expounded in his hook, "The Use of Lateral Thinking," in 1967. Today, he has 16 best-sellers to his name, translated into 17 languages. This month, he
    369 words
  • Article
    Singapore Glass listing
    115 7 Letter to the Editor Dear Sir, We refer to the article i appearing in the Business i Times on Monday, March 6, concerning the application for the listing and quotation of Singapore Glass' ordinary shares on the Kuala Lumpur Stock Exchange. By way of clarification, we should
    115 words
  • Article
    Lock icon Tipping can be a useful tool
    1505 7 FORUM r i ...on investment By HOCK LOCK SIEW THE TIPSTER is perhaps the most active and yet most elusive of all stock market animals. He Is probably the most human as he has one quality all of us have but few want to
    By HOCK LOCK SIEW  -  1,505 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      322 7 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scotts Road, Singapore 9 Tel: *****1 fc' a HOTEL
      322 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      40 7 BnStoW: Flank Dickers I LvJNCW VK TU£ PpiRK, 6R»STqu) P y <s^. J L u**>< THe it is, j(y>es pjK. H, JL Ol CRCTM Hu Lt^£g Dy B GANG ofcuerks -WT tfoApa Tue STRGetS \M fv«Jfc. UJMCH HOUR Fpg TQ3UBI£...
      40 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Share prices rally
      601 8 Tokyo Source: DBS-Daiwa WITH the moderate firming of the U8 dollar, share prices rallied yesterday centring on export-oriented Issues having good earnings such as Pioneer, Sony, TDK and Honda Motor. Also, Incentive-backed issues such as Tomoegawa Paper, Ntashln Spinning, and General Oil Jumped on moderate trading. Some
      Source: DBS-Daiwa  -  601 words
    • Article
      Lock icon Hongkong
      374 8 Source: Sua Hong Kai Secs Ltd Ltd AFTER some early strength yesterday, prices drifted back almost to Wednesday night's levels. The Initial movement was attributed to some aggressive buying of HK Wharf shares. The price gained 40 cents In the first half hour and fluctuated Actively between $14.50 and
      Source: Sua Hong Kai Secs Ltd Ltd  -  374 words
    • Article
      Sydney
      349 8 MINING stocks rose yesterday as overseas metals prices aided sentiment and industrials steadied with ACI unchanged at Asl.Bo. Banks Improved, except for the Wales which dropped two cents to $5.10. BHP added six cents to $5.50. Properties firmed, automatlves rose a little and retailers were mixed, with Waltons off
      349 words
    • Article
      Manila
      166 8 THE stock market closed mixed yesterday with commercials and oils slightly easier and mines higher In turnover, which rose to 12.43 million pesos from Wednesday's 6.58 million, dealers said. Atlas lost two points but Phllex rose one and other mining Issues firmed slightly. Leading oil issues were unchanged but
      166 words
    • Article
      Bangkok
      151 8 MAR 10 Bahts ♦A Asia Fibre 275 -4 Bangkok Bank 395 -2 Bangkok Invest. 384 •10 Bangkok-Metro-politan Bank Bala 80.-) -15 BerllJucker S08 -4 Carpet Intnl Charoong Thai Wire 438 -8 Dumex DusltThanl 3M -4 Faber Merlin First Trust Qenera Finance 384 49 Indo-Thal 275 -113 Industrial Finance Corp
      151 words
    • Article
      Lock icon Honda to produce in US
      99 8 UPI TOKYO: Honda Motor yesterday announced the establishment of a whollyowned subsidiary in Union County, Ohio, to produce motorcycles in the United States. The new company, Honda of America Mfg., will start operation in the spring of 1979 with some 500 local employees, a company
      UPI  -  99 words
    • Article
      Paris sharply down
      510 8 EUROPEAN MARKETS EUROPEAN bourses closed generally mixed on Thursday In Amsterdam, shares closed mixed as some stocks profited from the steady dollar and Wall Street, while others lost heavily, dealers said. Banks were again strong, led by ABN which was 4.50 guilders higher. Internationals also fimed. led
      510 words
    • Article
      Amsterdam
      238 8 MAR M Ftt ABN 345 50 ♦4.5 Ahold 100 00 unch Akzo 2170 -0.1 AMEV 81 30 ♦0 3 Amfas 108 40 -06 Am rot Bank 74 80 1.3 Bergoss 60 00 2.8 Berk 97.00 -15 Bote 70 10 1 BorsumtJ 141 00 ♦0 8 Burhmann 88.30 -0 2
      238 words
    • Article
      Paris
      281 8 MAR M Frs CORBEILLE Alr-Liqulde B S N Qervals Danone C8 F (ThomsonOf) Cle Francal* des Petroles Compagnle Flnanclere Compagnle General* Credit Poncter De France Hachette (Ubralrte) Machines Bull Mlchelln(B) Parlbas Pechlney Clglne Kuhlmann Peugeot' Phillps(NvOem Beilt) Prln temps 8 A Rhone-Poulence 8 A Royal Dutch SuewCle Flnan De)
      281 words
    • Article
      Frankfurt
      215 8 MAR M Dm Aef-Telefunken 88 20 -0 5 Akzo 20 30 -0.2 Allt Leben 829 Allz Vers 488 ♦5 BASF 13S 30 0 4 Bay H T Wbank 285 -2 Bay Vb&nk 324 ♦2 Bayer 138 20 -0.1 BBC 2M BMW 227 -0.5 Cassella 375 Chem Vecw 227BOM+3 Commerzbank
      215 words
    • Article
      Zurich
      180 8 MAR Of Francs Actions Suisse* 258 -7 AlusulsseBr 1150 -3C AlusutsscReg 535 -7 Brown Boverl Br 1535 -49 ClbaOeltyBr 1105 -28 CtbaQelgy PC 815 -20 Ctt» Getgy Reg Ml -9 Credit Suisse Br 2250 -30 Credit Suisse Reg 446 •4 Elektrowatt Br 1540 -30 Oeorge Fischer Br 630 -35
      180 words
    • Article
      Brussels
      89 8 MAR Ot Frs FORWARD MARKET Acec 220 -3 Arbed 2200 100 Astur 482 18 Brasean 434 ♦8 Bru-Lamb 1402 Canpac 473 unch Cock 354 unch [> B«rs 166 1 Ebrs 2350 -5 Electrobel 6000 10 Ob-Inno-Bm I860 ♦j 0*v 1236 Hobo* 2250 unch Petro 3780 -50 Ryl Dutch 1855
      89 words
    • Article
      Milan
      105 8 MAR 0* Lire Ante 130 50 -15 Assoc Gen MWO 90 Bastogt 509 +8 Centrale 3634 -17 Flat 1970 +5 Flnslder 80 50 +0 25 On Immob 79 75 ♦0 75 IFI Pri 2180 -14 Iialcementl ***** -10 Itaigas 645 urvch Ilalsider 135 -1.5 Magnetl M Pf 398 -1.5
      105 words
    • Article
      Selected indices
      57 8 FINANCIAL TIMES INDUSTRIALS Thursday 450 5 Wednesday 84* to 85% H.K. HANG SENG Wednesday 446 7 Week Ago 433 4 DOW JONES AVERAGE INDUSTRIALS Thursday 750 00 SYDNEY INDUSTRIALS Friday 393.83 Thursday 392 28 Wednesday 750.87 Week Ago 746.45 LONDON DOLLAR PREMIUM Thursday 85 to 85W ALL ORDINARIES
      57 words
    • Article
      Jo'burg
      341 8 OOLD shares were weaker across the board In quiet trading on Thursday following lower bullion indications, dealers said. There was selective overseas interest at the opening but Ught selling set In after the morning sessions, dealers added. MA> Rand INDUSTRIALS A Alpha 9# unch Abercom 152 uncb AE And
      341 words
    • Article
      Toronto
      240 8 SHARE prices closed lower In active trading on Thursday. The Composite Index was off more than three points and declines led advances 204 to 181. Analysts attributed market weakness to an Increase in the bank rate. Closing volume totalled 3.577,554 shares, up from 3.148.217 shares on Wednesday MAR M
      240 words
    • Article
      CHICAGO BOARD OPTIONS
      1453 8 March 9 On the Chicago Board Options Exchange a i°fi A7Q 998 c ntracts was traded compared with 108,678 contracts on Wednesday. OPTION A PL JLY OCT STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P
      1,453 words
    • Article
      Mixed finish
      1128 8 New York THE stock market finished with mixed results on Thursday amid Investor concern over rising Inflation and developments In the nation's coal mines. Analysts cited as positive factors the dollar's better showing in world currency markets and hopes the US would Initiate new steps to aid the
      1,128 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      133 8 Don't let the language barrier stop you from wider contacts r <() J Wj i C eW Y P> 2*°* v° l e €*jf V e \e^ e YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travel- ling in fact anywhere and any time that suits you.
      133 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Japanese oil stake denied
      388 9 ASIAN COMPANIES PETRO Canada, the Canadian federal government's oil company denied a Tokyo news report saying that the Japanese government had agreed to take part In an Alberta oil sands development project. A company spokesman said here that negotiations B were continuing between the Japanese and
      388 words
    • Article
      Lock icon Woodside back in the black
      139 9 Reuter MELBOURNE: Woodslde Petroleum announced consolidated attributable 1 4977 profit of A 5658,000 (loss $1.50 million) and revenue of $3.98 million ($2.58 "'million). Result Is after tax of $7,000 ($59,000), depreciation of 978,000 (680,000), exploration expenditure of abandoned areas written off of $12,000 ($1.15 million)
      Reuter  -  139 words
    • Article
      Lock icon Sanyo expects record profit
      145 9 Reuter TOKYO: Sanyo Electric Co ■aid it it forecasting a record consolidated net profit of over 19 billion yen for the year ending Nov 30, against 18.35 billion in 1977. Consolidated sales are expected to rise to over #90 billion yen from the record 641.64 billion
      Reuter  -  145 words
    • Article
      Lock icon Honda signs Belgian lease agreement
      148 9 AFP HONDA Motor Co. of Japan signed an agreement to lease a wharf and adjacent land in Ohent, Belgium, as part of Its programme to procure automobile materials and parts In Europe, a spokesman for the Japanese firm announced. The spokesman said the 28-year-long agreement
      AFP  -  148 words
    • Article
      Lock icon BONDS AND LOANS Citicorp to issue £20 m Eurobond
      139 9 Reuter LONDON: Citicorp Overseas Finance Corp NV will issue a £20 million (dollar option) 15-year Eurobond with an expected coupon of 10 per cent, S O Warburg and Co said as lead manager. S.O. Warburg said payments of principal, premium, if
      Reuter  -  139 words
    • Article
      HAMBROS CREDIT
      71 9 SYDNEY: Hambros Bank said it arranged a US$37 million seven-year deferred payment supplier credit facility for the State Electricity Commission of Victoria and Lewis Construction Co Pty Ltd. The facility will finance the construction of coal bunker facilities at the proposed Loy Yang power station in Victoria. Hambros,
      71 words
    • Article
      Softe makes note issue
      59 9 LUXEMBOURG: Soclete Flnanclere Pour les Telecommunications et L'Electronlque SA (Softe) is making a US$5O million five year floating rate note issue with an indicated 0.75 per cent margin over London Interbank offered rates and par pricing, a spokesman for lead manager Kredletbank SA Luxembourgolse said. The
      59 words
    • Article
      Woolworth sees higher profit
      369 9 EUROPEAN COMPANIES LONDON: F.W. Woolworth and Co announced pretax profit of £46.78 million (£40.01 million) In the year ended Jan 31. Sales were £724.10 million (£600.85 million) and dividend 2.95 p making 4.175 p (3.95p). Trading profit was £58.63 million (£50.93 million). Pretax profit was after
      369 words
    • Article
      Arbed forms Korean unit
      160 9 LUXEMBOURG: Aclerles Reunles de Burbach-Elch-Dudelange SA (Arbed) said it agreed to establish a Joint venture company with the Korean Iron and Steel Works for the production of metal cable for radial tyres. The new company will be called Trefllarbed Korea and will have an annual capacity
      160 words
    • Article
      ICI PROBLEMS WILL PERSIST
      195 9 LONDON: Imperial Chemical Industries chairman Rowland Wright said he cannot see any major improvement In world market conditions In 1078, and sees ICl's second half 1977 problems continuing for some time. Mr Wright said world economic growth Is unlikely to be any faster In 1978 than
      195 words
    • Article
      Lock icon Heleba plans sale
      140 9 Reuter FRANKFURT: Hesslsche Landesbank Olrozentrale is negotiating with Bankers Trust Co of New York about a possible sale of Helaba's 25 per cent stake in Deutsche Unlonbank OMBH of Frankfurt, a Helaba spokesman said. Bankers Trust, which already holds 75 per cent of Deutsche Unlonbank's 19 milllQn
      Reuter  -  140 words
    • Article
      Lock icon IBM launches new magnetic composer
      156 9 NORTH AMERICAN COMPANIES Reuter INTERNATIONAL Business Machines Corp's office products division said It Introduced an electronic direct-impression composition unit that can use magnetic cards. The division also introduced a new processing feature that gives increased capability to edit and compile text and records to all
      Reuter  -  156 words
    • Article
      Lock icon RCA to spend more
      101 9 Reuter RCA Corp said It plans capital' spending of about US$3OO million this year, up from $270 million In 1977. The company, which made the announcement In its annual report, said no major outside financing will be needed for 1978 spending. RCA aiso said it will
      Reuter  -  101 words
    • Article
      Lock icon Income up at J.C Penney
      260 9 Reuter A LAST minute spurt Sushed earnings at J.C. enney up 29 per cent to US$295 million for the whole of last year. Margins too widened considerably during the year as evident from the lower percentage rise of 12.2 per cent In sales to $9.37
      Reuter  -  260 words
    • Article
      Lock icon Dr Pepper takes over in Japan
      144 9 AP DR Pepper Co. has purchased the assets of the Joint venture in Japan that Introduced the American soft drink In that country five years ago In an effort to reorganise the firm's Japanese operations, according to company officials. A company statement said a
      AP  -  144 words
    • Article
      Lock icon Foster Wheeler deal
      116 9 Reuter FOSTER Wheeler Corp. said i its Foster Wheeler Saudi Arabia Co. Ltd. subsidiary 1 has received a contract from Arabian American Oil I Co. (Aramco) td provide construction supervision < and labour for a major I natural gas liquids plant to be built near Shedgum, Saudi
      Reuter  -  116 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      3 9 <y L» IpiPjw?
      3 words
    • Advertisement
      Page 9 Advertisements Column 2
      218 9 THE AUDIOPHILE He 'san inquisitive fellow, what else? And into Hi-Fi. And in The Craft of Sound magazine. Choosing Speakers is Easy as Drinking, Almost How to Put Right Simple Breakdowns. And more Right Way to Installing Car Stereo Concert-Hall Sounc in an HDB Living-Room? Best selling LPs of 1977.
      218 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      2311 10 BID and oner prices officially listed and bnslnees In and reported to the Stock Exchange of aincapon yeeterday with the number of •hart* traded shown Id brackets in lots of 1,000 unite unless otherwise specified. All Time Settlement Contracts are quoted after the world "sett." Big Board deal
      2,311 words
    • Article
      Government bonds
      146 10 4 V 4% 1/5/79 250.0 M) (IM.MB 100.958) 5 1/4% 15/10/73 (250.000) (101.308 101.458) 5 3/4% 1/8/78-80 (250,000) (101.15B) 4 3/4% 15/3/ M (250,000) (99.858 IM.MS) 5% T F 15/4/81 (250,000) (101.MB) 5% AF 15/10/81 (250,M0) (101.70B) 5% T F 1/5/83 (250,000) (1M.158 1M.258) 5 3/4% T F
      146 words
    • Article
      Stock options
      99 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid ana offer prices and business done yesterday, with the number of options traded shown in brackets. C and C (March 82.20) (0.558 0.595). (June 82.20) (0.588 0.695). F and N (March
      99 words
  • Article
    Unit trusts
    147 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers pncei for Mar 13) (Current pi ice*) The Commerce 1.81 192 INCOME BOND 1.10 1.17 The Saving Fund 1.02 l.OSxd S pore Prog Fund 0.87 0 92 MARA BUMIPUTRA FUND S pore Security (Manager*' price* for Mar 13) Fund 1.69 1.79
    147 words
  • Article
    In Kuala Lumpur
    1009 10 BID and otter 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. INDUSTRIAL* AJlnamata (2 308 2.408) (1) 2 38. Alaam (2.708 2 728)
    1,009 words
  • Article
    Wilkinson stages strong recovery
    434 10 WILKINSON Process Rubber staged a strong recovery in the last financial year from the previous year's set back, and the latest annual results from the company have surpassed the Interim forecast of $3.2 million by a good 11 per cent thanks to a better than expected
    434 words
  • Article
    SHARE INFORMATION SERVICE
    2431 10 1*77/1»78 High Low Com pa ay Last Sale +orGr's Div Div Cn Gr's Y'ld Net P/E Vol C000) Day High Low SECTION ONE INDUSTRIALS 165 266 124 262 88* 234 169 291 422 146 132 165 58 212 57' 155 144 182 350 91 Acma Alcom Allied
    2,431 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      120 10 For a Successful BANKING Career I LIT PTA ERA MA SOU NEI" Wisey Hall for the Institute of Bankers CONVERSION COURSE Successful candidates of the Conversion Course will gain direct entry to the Institute of Bankers Part II or Stage II examinations leading to the Banking Diploma (AIB). The duration
      120 words
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  • Article, Illustration
    Prices of property shares up
    729 11 SINGAPORE PROPERTY shares, tod by United Overseas Land, ware accorded bullish interwst ta a generally steady and moderately active Singapore stock market yesterday. Activity ia UOL cootinned right np to the clos- ing bolL It opened at 89 n cents in whicnadeal of 300,000 nnits
    729 words
  • Article
    KLSE closes on strong note
    513 11 A HEAVY concentration of speculative buying in the closing minutes buoyed prices of selected Issues considerably higher at the Kuala Lumpur stock market yesterday. The unexpected but wellreceived rally caught many a market operator by sur- prise for there were no Indications of any strong
    513 words
  • Article
    Malayan Credit sale
    174 11 MALAYAN Credit, which has sold its entire plantation interest at a book loss of M) 167,580, has informed the Kuala Lumpur Stock Exchange that its estates were valued by Messrs. W.M. Malik and Lee, chartered surveyors- valuers on Jan. 4. at $2,337,000. On this value, the company
    174 words
  • COMPANY NEWS
    • Article
      DIVIDENDS ANNOUNCED
      335 11 1 M. Baaktag WilkiMM 1 TatpiafCoaaottdatad 1 Baata 1 Xmpu Mia. Securities Mala. 1 8.P. Textile Cwiat Carnal Bx Books Data Total for Total for payment Data Cloae payable theyaar previous far MI Feb21 Mar3 Maris 6% n a*um\ 16% Mar 14 Mar 30 Mar 30 18% 15*
      335 words
    • Article
      Lien Hoe to make 1-for-4 rights
      463 11 LIEN HOE Industries has applied to the Malaysian Capital Issues Committee for approval on a proposed one-for-four rights Issue at Msl per share. Explaining the rationale for this impending issue, the company says the funds are necessary to finance its purchase of two pieces
      463 words
    • Article
      Tronoh sees substantial rise in earnings
      673 11 AS CLEARLY signalled in Its strong interim results, Tronoh Mines yesterday reported a substantial rise in profits for the year ended December with the pre-tax results up 76 per cent over 1976 at $22.65 million. After a considerably lower tax charge and despite a
      673 words
    • Article
      Hume fire probe
      101 11 HUME Industries (Par East) has informed the Stock Exchange of Singapore that the explosion at its subsidiary, Hume Industries (Singapore), on Mar 3 happened when a batch of empty steel tanks were being immersed in a sine bath for galvanising. This explosion, which took place at the
      101 words
    • Article, Illustration
      GUTHRIE LOSES ONE MORE DIRECTOR
      912 11  -  By MANO SABNANI THE GAME of musical chairs is entering its crucial rounds at Guthrie Berhad with the revelation on Wednesday of the resignation of yet another director from the company's Service. Out of the circle this time is the group's finance director, Mr. B.S.
      912 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      205 11 SINGAPORE'S LARGEST SELLING WOMEN'S MAGAZINE PRESENTS SOME BARE FACTS AND VITAL STATISTICS: (A) HIGHEST AUDITED CIRCULATION OF ANY WOMEN'S MAGAZINE IN SINGAPORE (member of Audit Bureau of Circulations, Australia) 1977 NUMBER OF COPIES SOLD JANUARY 17,658 FEBRUARY 17,385 MARCH 17,478 APRIL 18,486 MAY 19,813 JUNE 18,360 JULY 19,293 AUGUST 19,568
      205 words
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  • Article
    Lock icon Futile to erect trade walls says Blumenthal
    944 12 Reuter NYT US TREASURY Secretary, Michael Blumenthal has ruled out the possibility of protectionist measures to alleviate the country's trade balance problems and stem tha decline of the US dollar on foreign exchange markets. Mr. Blumenthal and Charles Schultze, head of President Carter's
    Reuter; NYT  -  944 words
  • Article, Illustration
    Tokyo cabinet meets on new measures
    496 12 JAPANESE External Economic Affairs Minister, No buhl ko Ushlba, said an emergency meeting of the Cabinet will be held today for additional Imports totalling more than US$l billion (552.3 billion) to help cut Japan's current account surplus. The meeting, will also discuss fresh surplus
    496 words
  • Article
    Lock icon No easy way out . . .
    165 12 No easy way out Reuter JAPAN faces a difficult choice between deliberate inflation and structural reforms following the sharp yen appreciation. Mitsubishi Bank research director, Kaoru Inoue told the Kyodo news agency that the present high yen level will not reduce Japan's current account surplus because exports are unlikely to
    Reuter  -  165 words
  • Article
    LONDON STOCKS
    804 12 LONDON. Frt. Stock prices extended recent gains on technical considerations and light Investment demand In thin trading. At 3.00 p.m. the Financial Times Index was up 5.1 at 455.0. Oovernment bonds rose by up to on further consideration of lower than expected British Oovernment borrowing, announced yesterday, dealers
    804 words
  • Article
    Management and the effective secretary
    574 12  -  »y SIVA ARASU A SECRETARY has many ways to perform her numerous functions. But to carry them out competently and effectively, she must first sharpen her techniques. This can be done by studying and watching the techniques of other secretaries as well as understanding the
    574 words
  • Article
    Lock icon Four will ease Third World debt burden
    308 12 Reuter FOUR Industrialised Western countries West Germany, Britain, Norway and Holland said they are ready to consider moves to ease the debt burdens of some of the world's poorest countries. Delegates at the Geneva meeting of the executive board of the United Nations
    Reuter  -  308 words
  • ASEAN-WEST ASIA CONFERENCE
    • Article
      Finance houses must manage investment
      464 12 ASEAN financial Institutions must diversify from their basically trading oriented operations Into Investment management. Only by doing this can they attract West Asian funds, according to Dr. Qhalth Rash ad Pharaon, chairman of the Saudi Research and Development Corporation (Redec). This was why West Asia
      464 words
    • Article
      HOPE FOR CONTINUED PACE IN COOPERATION
      345 12 THE special adviser to the president of the Japan Chamber of Commerce and Industry expressed hope that Japanese cooperation through finance and expertise, Increasingly emphasised since 1970, would not level off because of the economic damage Inflicted by the oil crisis. The pace of
      345 words
    • Article
      Poor Opec sales ahead
      199 12 THE OPEC current account surplus will continue to fall this year with world demand for Its oil remaining sluggish, said Mr. Rolf Sellge, from the Morgan Guaranty Trust, New York. Speaking on the Opec surplus, Investment of official reserves and International monetary developments, Mr. Sellge said
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