The Business Times, 8 November 1977

Microfilm: NL9610
Total Pages: 12
1 12 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, NOVEMBER 8, 1977 SO CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Lock icon Hike almost certain
      64 1 Reuter NICOSIA, Mon. An authoritative West Asian weekly oil Journal said today there was no hope of even the most moderate oil exporting country keeping prices down for all or part of next year. The most moderate of the moderates, Saudi Arabia, has already publicly declared that
      Reuter  -  64 words
    • Article
      Lock icon Lower hotel rates
      51 1 Reuter TAIPEH, Mon. Taiwan's state-owned Tourism Bureau plans to lower hotel rates to attract more tourists. The Central News Agency reported that the bureau will adjust the prices according to statistics from other Asian cities following complaints by some tourists that hotels in Taiwan are too expensive.
      Reuter  -  51 words
    • Article
      Lock icon Loan for India
      72 1 UPI HONGKONG, 'Mon. The Indian Oil and Natural Gas Commission today received a 50 million Eurodollar loan to develop India's Bombay High offshore oil exploration j>roJect. The first commercial syndicated Eurodollar loan for India, It will be repayable over seven years at one per cent above Llbor
      UPI  -  72 words
    • Article
      Lock icon Accord on steel mill
      84 1 AFP HANOI, Mon. The French firm Creusot-Lolre and the Vietnamese Techno-Import state organisation today signed a draft agreement for the building of a steel complex valued at about US$2OO million (Ss4Bo million). The complex will be built at Thai Nguyen, 80 km north of Hanoi, where
      AFP  -  84 words
    • Article
      Lock icon $400 m order
      85 1 Reuter TOKYO, Mon. Mitsubishi Heavy Industries Ltd and Mitsubishi Corp won a 4.5 billion yen (SS4OO million) order from Thailand to export a cement plant. The plant, ordered by Slam Cement Ltd, will have a production capacity of 1,000 tonnes a day and be built In Thung
      Reuter  -  85 words
    • Article
      Lock icon Dow Jones
      78 1 UPI NEW YORK, Mon. Stocks headed higher early today In a continuation of last Friday's sharp rally based on hopes the Federal Reserve Board had relaxed Its credit tightening policies. Trading was brisk. Investors also were encouraged by the Fed's report late Friday that consumer credit rose U552.35
      UPI  -  78 words
  • Chief Price Changes
    • Article
      In Kuala Lumpur
      106 1 Rises Most active Castlefteld 7.50 .40 G. Ceramics 217.000 107.000 Renong 2.44 .34 Sentosa Utd. Mai. 2.86 .13 Lien Hoe 101.000 Toshiba 2.97 +.12 M Flour 55,000 Isl and Pen Kramat Tin New S'dah 2.20 5.85 1.90 +.10 +.10 .10 Total Turnover: 1.43 M Total Value: M82.83
      106 words
    • Article, Illustration
      In Singapore yesterday
      207 1 Rites Most active Kuala Sidim 615 +10 Nanyang Prei M 142.000 M Flour (J AC 324 230 +8 +0 LeongHuat Haw Par 129,000 167,000 Sentoaa 220 +6 M Flour 61,900 A Enterprises 210 +5 Fed Cables 48,000 New Serendah 195 +5 G Ceramics 37.000 Khong Guan 175
      207 words
  • Article
    Floating rate CD in US dollars
    1271 1  -  DAI-ICHI TAKES THE PLUNGE By COLIN CHEE SINGAPORE'S first US dollar floating rate negotiable certificates of deposit (CDs) come onto the market on Nov 15, the fruit of long and hard promotional labour by the Monetary Authority of Singapore (MAS). To be issued at
    1,271 words
  • Article
    PSA turns to Tokyo
    204 1 THE Port of Singapore Authority (PSA) has chosen a Japanese consultant firm to design its convention hall at the Singapore Maritime Centre (SMC), near Jardine Steps. The PSA is Dresentlv waiting for the submission of adjusted designs from the Japanese experts. The adjustments are necessary as
    204 words
  • Article
    Smuggling is big bugbear
    503 1 SMUGGLING Is a big headache for Indonesian Industrialists, according to Mr. Achmad Sarblnl, coordinator of the Indonesian Chambers of Commerce and Industry delegation to the Machine Asia exhibition now on In Singapore. Mr. Sarblnl pinpointed smuggling of textiles and electronic goods as the chief bugbear for
    503 words
  • Article
    Lock icon ... THAIS ACCUSE
    132 1 THAIS ACCUSE UPI BANGKOK, Moo. Thailand's Customs Director said yesterday that Singapore has refused to help in the fight against tin ore smuggling Mr.Charnehai Leethavern said Malaysian authorities, on the ether hand, have cooperated with Thailand to try to catch smuggler*. He claimed That diplomats have been In eontact with
    UPI  -  132 words
  • Article
    Negative aspects of investment
    261 1 INDONESIA has mixed feelings about the value of foreign investment, while still recognising Its contribution to economic growth. The chairman of Indonesia's National Agency for Export Development, Mr. Soeklrman, told a Machine Asia seminar this yesterday, listing the negative aspects of foreign investment as follows: Capital-intensive
    261 words
  • Article
    Lock icon Hutchison's Dollar Bill earns $2.2 million salary
    322 1 Reuter HONGKONG, Moa. Australian business ma (mate BUI Wyllie, called in two years ago to rescue Hutchison Intornational, one of Hongkong's biggest trading concerns from the ▼ergo of bankruptcy, will this year scoop up HK14.3 million (852.2 million) in income from Hutchison. Details
    Reuter  -  322 words
  • Article, Illustration
    Asian $ will play a bigger role in region
    416 1 Asian will play a bigger role in region BINOAPORE'B Aseanneighbours are making increasing use ofAslan dollar funds. This Is an encouraging development which Indicates an even greater role for the Asian dollar In future regional economic development. This prediction comes from Mr. Tang Wee Lip, manager, banking department, of the
    416 words
  • Article
    Lock icon Convertible from Picop
    54 1 AP MANILA, Mon. The Paper Industries Corporation of the Philippines (Picop) will issue convertible bonds worth 100 million pesos (5)32 million) this month to finance its expansion programme and boost its capital resources. The bonds, or debentures, carry a 10-year maturity Derlod and will be convertible into
    AP  -  54 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      49 1 Replace your woods nntueejU/t BOMBSHELLS INSIDE Overseas News/ TV Commodities m Radio PI Transport ft Commu- pj Overseas News/ nications Crosswords PS Features Pfn Local Co. Notts P4 Local Over Int'l Co. News PS. seas News p< < Local Stocks PC Local ft OverOverseas Stocks P7 seas News Pl 2
      49 words
    • Advertisement
      Page 1 Advertisements Column 2
      22 1 SIX-MEN SKID MOUNTED BUNK HOUSES NOW AVAILABLE EX-STOCK ALSO FULLY FURNISHED TWO BEDROOM UNIT INCLUDING BATHROOM, ETC. BEAUTIFULLY FINISHED. INTERFAB PRIVATE LTD
      22 words
    • Advertisement
      Page 1 Advertisements Column 3
      167 1 U-BIX COHfLETE COPYMG SYSTEM APS ELECTRONICS (PRIVATE) LTD &NQAPORE T« *****4 (5 Lines) APS ELECTRONICS (M) SON BHD KUALA LUMPUR T<N *****/***** ***** 1 iTT FOR SALE OR LEASE FACTORY PREMISES JALAN PESAWAT Detached factory, site area 9,719 sq.m. Covered area 3,716 sq.m. Available for quick sale only $695,0 CX)
      167 words
Page thumbnail Page 2
  • OVERSEAS
    • Article
      Review of stainless steel import quotas
      521 2 WASHINGTON, Mon. When Mr. Gerald Ford decided to impose quotas on specialty steel imports last year, he did it against the advice of Dr. Henry Kissinger and other top advisers. A memo dated May 17, 1976, says that those opposed to the decision included
      521 words
    • Article
      Lock icon IEA call for global approach on energy
      223 2 AP QUEBEC. Mon. The executive director of the International Energy Agency says countries must co-operate in solving energy problems during the transition to non-petroleum energy sources. Speaking at the third international symposium of petroleum economy at Laval University, Mr. Ulf Lantzke said "What
      AP  -  223 words
    • Article
      Lock icon Israeli trade unions call ceasefire in strikes
      557 2 NYT TEL AVIV, Mon. Israeli trade unions announced a ceasefire yesterday In their week-long campaign of strikes, demonstrations and protests against government economic reforms which threaten workers living standards. Having demonstrated their power to pull nearly 500,000 workers off their jobs sporadically, closing
      NYT  -  557 words
    • Article
      Lock icon Similar miracle can happen
      159 2 Reuter NEW YORK, Mon. Nobel prize-winning economist Milton Friedman predicted In an article in Newsweek yesterday If Israel maintains Its shift to a free market economy, it will emulate West Germany's economic miracle after World War Two. Dr. Friedman said the measures announced late last month
      Reuter  -  159 words
    • Article
      Blumenthal tax cut plan
      136 2 WASHINGTON, Mon. US Treasury Secretary Michael Blumenthal said a tax cut now being considered by the Carter administration would be In the US$l5 billion to $20 billion (Ss37 billion to $49 billion) range. He said the cuts would be aimed at Individuals In the lower Income
      136 words
    • Article
      Lock icon UK's strike-hit power plants bum again
      481 2 UPI LONDON, Mon. Britain's power supply looked more secure today as five electricity plants, closed by a week of unofficial industrial action, opened with station managers shovelling coal and engineers manning the turbines. But electricity Board chiefs warned that the nation would continue to
      UPI  -  481 words
    • Article
      Lock icon Four trade shows to be held aboard ship
      286 2 AP LONDON, Mon. Four International trade exhibitions are to be staged aboard a luxury cruise ship visiting a dozen major ports In West Asia next year. The exhibits for the various shows will all be In the ship at the same time,
      AP  -  286 words
    • Article
      Lock icon Unions plan all-out war against imports
      510 2 NYT NEW YORK, Mon. Organised labour, worried by heavy Job losses In Import-squeezed Industries, plans a major push in Congress next year for an updated version of the Burke-Hartke Bill of *****4. the most controversial of all protectionist trade initiatives. Mr. Oeorge Meany and
      NYT  -  510 words
    • Article
      Lock icon BATTLE FOR HUGHES ESTATE GOES TO COURT
      933 2 NYT SAN FRANCISCO, Mon. Nineteen months after the death pf Mr. Howard Hughes, the struggle over his estate, one of the largest ever amassed by an American, goes to trial before a jury In Las Vegas today with a second, comEtlng trial to
      NYT  -  933 words
    • Article
      Lock icon Soviet trade deficit reduced 56pc
      135 2 Reuter WASHINGTON, Mon. The Soviet Union's hard currency trade deficit was reduced by 56 per cent to US$7BO million (Ssl.9 billion) In second quarter 1977 compared with the first quarter. The US Department of Agriculture publication Foreign Agriculture also said exports to the countries with
      Reuter  -  135 words
    • Article
      Energy from methanol
      744 2 THE 1980s will see the major emergence of a new Industrial and commercial fuel methanol. A synthetic In the sense that it will be made from common, fossil or renewable sources, It will nonetheless be welcomed by the utilities and Industry because It offers the simplest route
      744 words
    • Article
      Lock icon Denmark pays world's top salaries
      349 3 NYT NEW YORK, Mon. Denmark, one of the smallest count>les In Europe, supplanted the United States as the world's salary leader during the first half of this decade. A Conference Board report on a salary survey of engineers in 12 nations finds the US trailing.
      NYT  -  349 words
    • Article
      Lock icon Inventories fall will dim business outlook
      312 3 Reuter NEW YORK, Mon. Inventories of purchased manufacturing materials In October fell for the second straight month. The National Asy>clatlon of Purchasing Management Inc said the reductions will probably be a drag on business Improvement through the end of the year. It said that
      Reuter  -  312 words
    • Article
      Lock icon Carter's not giving up
      166 3 UPI WASHINGTON, Mon. President Carter, who has postponed his nine-nation tour Indefinitely to concentrate on getting energy legislation through Congress, will speak to the nation tomorrow night on his energy package. The President notified foreign governments during the weekend that he was postponing indefinitely his 12-day
      UPI  -  166 words
    • Article
      Lock icon Sterling should be held at present levels
      278 3 Reuter NEW YORK, Mob. Britain will make a mistake if the government allows sterling to appreciate much above the present US$l.BO level, Citicorp vice chairman Gesiuafdo Costaazo commented on the Bank of England's recent move to allow the pound to float. He said
      Reuter  -  278 words
    • Article
      Lock icon Algeria gets $2.6b loan
      40 3 AFP ALGIERS, Mon. Algeria has been granted a Csl.2 billion (5J2.6 billion) credit by Canada under >an "agreement in principle" signed here over the weekend The credit facility will be available for a three-year period AFP.
      AFP  -  40 words
    • Article
      Lock icon BUNDESBANK POLICIES COME UNDER FIRE
      509 3 Reuter DUESSELDORF, Mon. The Bundesbank's 1977 money stock will expand by about an average 9 per cent against a target on 8 per cent rise, even if monetary expansion slows noticeably over the rest of this year, Westdeutsche Landesbank Girozentrale said in its latest economic
      Reuter  -  509 words
    • Article
      Lock icon Rates will continue rising says Citicorp
      540 3 Reuter NEW YORK. Mon. US Interest rates, which have climbed sharply in the past year, will continue to advance through 1979, Citicorp vice chairman Oesualdo Costanzo said. He said bank prime lending rates will rise by 100 basis points by the end of next
      Reuter  -  540 words
    • Article
      Making sense of the Fed's recent moves
      810 3 FOG STARTED IT ALL NEW YORK, Mon. The credit markets worked overtime late last week to dispel the fog that figuratively at least spread from Chicago's Ohare Airport to cloak the Federal Reserve System and what it had actually intended with Its frequent
      810 words
    • Article
      Lock icon HOLD COFFEE PRICE
      94 3 Reuter KINSHASA, Mon. The 20-natlon Inter-African Coffee Organisation (IACO) ended its annual assembly here with an appeal for continued observance of a decision not to sell coffee below a certain price, the Zaire news agency Azap reported yesterday. The assembly welcomed a move bv Latin American producers
      Reuter  -  94 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      112 2 INTERNATIONAL BANK OF SINGAPORE The experts in financing of international trade International Bank of Singapore Ltd., established through a partnership of four of Singapore's leading hanks DBS, OCBC, OUB and (JOB offer full benking services in the field of international banking and trade. With the resources and expertise of its
      112 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      246 2 SINGAPORE 5 3.00 PM Opening annou cements followed by Flying Nun (Repeat) 0 3.30 Diary of Events (English) 3.35 Horizon Vision of the Blind (Repeat) 4.25 Intermission 6.05 Opening followed by The Road Runner Show 0 6.30 News in Brief 6.35 McDuff the talking dog 0 6.00 PM Opening announcements
      246 words
    • Miscellaneous
      Page 2 Miscellaneous Column 2
      52 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on Oct 7 at Singapore airport. Maxim am Temperature 31.0° C Associated Humidity <9 Minimum Temperature tt.o°C Associated Humidity a 96 Hours of Sunshine 3.85 Rainfall in Millimeters nil Rainfall for the Month 100.4 Total Rainy Days for the
      52 words
    • Miscellaneous
      Page 2 Miscellaneous Column 3
      23 2 Jo»cs ter Nou -wousmo 6UX)H (nux>* TfaulOH fbONDS sou cwfr eoess. u**o G«*e *c P> Uf T tp UJQttK TwHS mogtilMß Of SRU£
      23 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      253 3 WANG. Presenting the most-talked-about Word Processing Family. More than just another word processor "Wang's Word Processor 10A, 20 30 are 'diskette-based systems which offer modularity, expansion, performance, and pricing advantages never before available from a WP manufacturer.' This is no idle boast, and probably has more validity than we are
      253 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      622 3 TWO-IN-ONE CROSSWORD 21 Like some engines Gunners 25 Made well, not having been CRYPTIC PUZ ZLE ACROSS I Fly off like coots? (5) 6 Name a bachelor to dance with (5) 9 Sat again when rested (7) 10 Money for Jam? (5) II Is almost In a snare (9) 12
      622 words
Page thumbnail Page 4
  • COMPANY NEWS
    • Article
      SES delists ten suspended counters
      1181 4 THE STOCK Exchange of Singapore yesterday removed 10 companies, which have been suspended for periods ranging from 22 months to nearly four years, from Its official list. Most of the companies Singapore Ceramics, Imperial Securities International, CTD Resources, Copper Industries, Singapore Eldal Corp., Gllanl Jute
      1,181 words
    • Article
      DIVIDENDS ANNOUNCED
      342 4 Current Ex Date Total for Total for payment Date payable the year previous year Emo Malaysia 5%ITE Oct 7 Nov 8 5% 18%TE Magnum 5% Oct 12 Nov 8 5% 15% S'g or C'nuta 10% Oct 14 Nov 9 15% 25% Robinaon 10% Oct 24 Nov 9 14%
      342 words
    • Article
      C.K. Tang moves up to first section
      201 4 C.K. Tang has been reassigned to the first trading section (industrials) of the Stock Exchange of Singapore from today. The company applied for reassignment several weeks ago and the SES responded favourably after consideration of the company's eligibility. A listed security may be
      201 words
    • Article
      Singapore Land adversely affected by Clifford Centre
      422 4 REFLECTING the full impact of looses incurred in its Clifford Centre project, consolidated net profit at Singapore Land tumbled 39.3 per cent from $1.3$ million to $823,000 for the year ended Aug 31, 1977. However, the slide in net profit, which is after
      422 words
    • Article
      Lower Perak sees hope on horizon
      817 4 THERE IS new hope on the horizon for Lower Perak Tin Dredging whose mine output has been falling steadily for some years. The company's recent annual general meeting was told that a mining title over 32 hectares of land adjoining Lower Perak's property and
      817 words
    • Article
      Plantations boost Glenealy's profit
      232 4 BUOYED BY higher investment income from its plantation Interests, Olenealy Plantations (Malaya) reported that pre-tax profit rose about 22 per cent to M 53.62 million for the year ended June 30, 1977. Olenealy is an Investment holding company and gets its Income mainly from Investments In
      232 words
    • Article
      Trengganu leases land
      215 4 TRENGOANU Development and Management has leased the operation of its 1,416-hectare Chenderong estate to Ee Klan Beng Sdn Bhd for a period of five years. In a letter to the stock exchanges of Singapore and Kuala Lumpur, Trengganu says the move is to enable the management to
      215 words
    • Article
      PEOPLE IN BUSINESS
      119 4 JARDINE Offshore has announced the appointment of Mr Michael Fort as Its chief executive officer. He replaces Mr Stephen Roszel who will be returning to the United States. Mr Thomas Chua Boon Lee, has been appointed to the board of Cycle and Carriage Ltd. Mr Chua has
      119 words
    • COMPANY MEETINGS
    • Article
      Lock icon Gas storage takes on new importance
      880 4 NYT WASHINGTON: Here, In the heart of Calun country, the Transcontinental Oas Pipe Line Co Is hoarding enough gas to satisfy the entire city of New York all winter long. But there is nothing unethical about the company's activities; this is a storage field
      NYT  -  880 words
    • Article
      Lock icon Insurance enters the space age
      504 4 Reuter LONDON: The Insurance salesman, who has always followed only a few steps behind the adventurer as ne widened mankind's frontiers, has stepped into space. A British multi-national banking and insurance firm, C.T. Bowring and Company, has recently established a separate company, C.T. Bowring Space*
      Reuter  -  504 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      199 4 Give us a man fora monthwell give him a language for life inlngua now the largest group of language schools in the world offers a range of intensive language courses specifically designed for the busy executives whose work and position require them to attain a high degree of proficiency in
      199 words
Page thumbnail Page 5
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Major firms opt for Hyde proposals
      694 5 EUROPEAN COMPANIES FT THREE-QUARTERS of the companies which make up the FT 30-share Industrial Index will probably follow the Hyde Inflation accounting guidelines published by the Accounting Standards Committee last Friday. A survey of these major companies showed that a clear majority was ready
      FT  -  694 words
    • Article
      Lock icon Barclays given permission to reopen branches
      142 5 Reuter BARCLAYS Bank International. recently removed from the Arab boycott list, has been permitted to reopen its three branches in the United Arab Emirates (UAE), the UAE Currency Board said in a circular In Dubai. It had earlier asked Barclays to wind down its
      Reuter  -  142 words
    • Article
      Austria still hopes to float yen bond
      96 5 AUSTRIA still hopes to float a yen bond in Japan next year despite postponement of a planned 15 billion yen. 12-year Issue in late October, CredltanstaltBankverein senior international officer Otto-Karl Finsterwalder told Reuter. Mr. Finsterwalder, whose bank advises the Austrian government In foreign
      96 words
    • Article
      Lock icon Malmros seeks government aid
      434 5 FT MALMROS. the southern Swedish shipping concern, is seeking government help to avoid liquidation. It reported a consolidated loss of 19 million kroners on a 651 million kroners turnover for the first eight months, but the parent shipping company had losses of 46.9 million kroners on
      FT  -  434 words
    • Article
      Ralston Purina gains up
      93 5 NORTH AMERICAN COMPANIES RALSTON Purina Co., reported net earnings rose about 10 per cent to U5533.4 million or 31 cents a share In the fourth quarter ended Sept 30, 1977 from $30.3 million or 28 cents a share In the 1976 quarter. Sales Increased marginally to
      93 words
    • Article
      Lock icon Merger talks terminated
      66 5 Reuter GENERAL Dynamics Corp and Beech Aircraft Corp said their merger talks of the past several months have been ended. They said evaluations have been positive, but the relative market values of their common stocks have changed so much during discussions that it is no longer feasible
      Reuter  -  66 words
    • Article
      Lock icon American Standard
      42 5 Reuter AMERICAN Standard Inc has increased its quarterly dividend to USSO cents from 42Vi cents. It will be paid on Dec 24 to stockholders registered by Nov 29. American Standard previously raised its dividend in February and May, 1977. Reuter.
      Reuter  -  42 words
    • Article
      Lock icon Negligence suit results in resignation by Price Waterhouse
      399 5 FT PRICE WATERHOUSE and Company has resigned as public accountants for Foster Wheeler Corporation, the heavy equipment manufacturers, as a result of a US$9 million negligence suit brought by the major shareholders of a failed Bahamian commercial bank. The suit has been
      FT  -  399 words
    • Article
      Lock icon Debt disclosure study
      72 5 Reuter THE US Securities and Exchange Commission said It is considering the question of disclosure of corporate debt or other security ratings in company filings. "The commission has requested comments from Interested persons on specified preliminary areas of inquiry, as well as on any other matters relevant
      Reuter  -  72 words
    • Article
      Lock icon Patel discounts tea reports
      187 5 ASIAN COMPANIES AFP INDIAN Finance Minister H.M. Patel has discounted reports of a revision In the Government's policy on sterling tea companies operating in this country. He described the reports in the Indian press as tendentious. Mr Patel told a press conference here that these companies
      AFP  -  187 words
    • Article
      Otis signs contract
      84 5 A CONTRACT worth I around HKSSS million for < the supply of 118 escalators and 16 elevators has been < signed by Otis Elevator Co (HK) and the Mass Transit I Railway Corp (MTR). Otis managing director i Bill Mallett told Reuters that first deliveries of the
      84 words
    • Article, Illustration
      IATA DOES WELL BUT IT IS JUST NOT ENOUGH
      779 5  -  By SALMA KHALIK THE hundred-odd members and associate members of the International Air Transport Association did well last year compared with recent years but are still well short of earning the kind of return they need to support the massive investment
      779 words
    • Article
      Inchcape Properties loan
      58 5 INCHCAPE Properties of Hongkong has signed an agreement for a HK$9O million term loan with a banking syndicate led by Baring Sanwa Multinational, Baring Sanwa said. The loan, which Is guaranteed by its parent company, Inchcape (Hongkong), will be applied towards purchase of a podium to be
      58 words
    • Article
      Lock icon Desalination plants
      53 5 Reuter MITSUBISHI Heavy Industries, Sa'sakura Engineering Co and C. Itoh have signed a 48 billion yen contract with Saudi Arabia's Saline Water Conversion Corp. A joint statement said they will build desalination plants with a total capacity of 134,000 tons of water dally in the Al-Juball district by
      Reuter  -  53 words
    • Article
      Global sales growth reported
      96 5 PFIZER Inc said worldwide businesses showed sales growth during the third quarter this year with the exception of International chemical operations, which were adversely affected by European economies. Pfizer reported third quarter net earnings of US67 cents a share on sales of $505.4 million, up from
      96 words
    • Article
      Lock icon ABI gets approval
      66 5 Reuter AMERICAN Brands Inc has received approval from the Insurance Department or the State of New York for Its purchase from the Continental Corp of about 27.5 per cent of the outstanding common stock of its whollyowned Franklin Life Insurance Co unit. American Brands s4ld approval was
      Reuter  -  66 words
    • Article
      Explosion
      28 5 AN explosion of unknown origin damaged two furnaces in a confined area of US Steel Corp's Texas works in Baytown, doing some structural damage to the roof.
      28 words
    • Article
      Lock icon Peking desires Japanese aid
      123 5 Reuter PEKING wants Japan to help modernise and expand its largest steel mill at Anzan, northern China, the Nippon Steel Corp said. It said it had not received any formal proposal from China, but added that the Chinese desire for help was conveyed when Chinese Deputy
      Reuter  -  123 words
    • Article
      OOC RAISES ITS DIVIDEND
      112 5 ORIENT Overseas Containers (Holdings) of Hongkong has raised its interim dividend for the current year to 8.5 HK cents from eight cents previously following a 28.5 per cent rise in group earnings. Unaudited consolidated profit for the first half of this year increased to $79.87 million
      112 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      126 5 Where the Action is... Situated in Orchard Road the centre of tourist, shopping and hotel hub in Singapore Hyatt Hot* Shangn-la Hotd r ana LadyhHl Hotel M f^~| I 1 *—A 1 Marco r"oK> Hotel i •iJ •<« -0 t EauiCtJ'-d w. th 26 t u.iU.r u nr:n-s f '.1'
      126 words
Page thumbnail Page 6
  • Article
    Share Information
    2322 6 Hifh 1*77 Low Company Last Sale +orGr'» Div Div Cvr Or'» Not Y'ld P/E Vol Day (•000)" HJtffc Law SECTION ONE INDUSTRIALS 154 204 116 240 88* 198* 169 234 414 171 134 165 58 212 57* 155 152 182 350 145 Acma Alcorn Allied Choc Bata Ben
    2,322 words
  • Article
    Transactions in Singapore
    1338 6 'BID aad altar pHnaa Uated and fcnelnem ta r»a»ited I* the Stock Itwliiy tag,, pan yaetarday with the amber af iWiM traded ahowa fa hi ai liH to ,Jotaer 1.889 oaitasaJaaaetharwiaa pec i fled. All Ti*e Settles eat Con tracts are quoted after the word "Sett." Big
    1,338 words
  • Article
    In Kuala Lumpur
    1488 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shows in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS Alcam (1.748). A Ism. NeM (0 998) A. CHes «1.01B) (2)
    1,488 words
  • Article
    Stock options
    55 6 STRIKING prices of the stock optiqns officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and businese done yesterday, with the number of options traded shown in brackets. L and C (Dec $1.90 (0.408 0.485). (March $1.90) (0.428). Pan Electric (March 11.60) (0.15B).
    55 words
  • Article
    Unit trusts
    148 6 SINGAPORE UNIT TRU8T INCOME BOND UNIT (Nui|m' prim* tar Not 8) (Curat rlen) The Commerce 1.74 1.84 INCOME BOND 1 08 1 14 The 8a ving fund 1.04 1.10 MARA BUMIPUTRA FUND S pore Pro* Fund 0.82 0.87 (NtMfOT' priooi I for 8) 2 25 S pore Security
    148 words
  • Article
    GOVERNMENT BONDS
    94 6 4 3/4% 1/5/7* (250,000) (100.308 100.408) 5 1/4% 15/10/79 (250,000)1, (100.55B) 6 3/4* 15/6/80 250,000) (4) 104.23 (4) 104.20 4 3/4% 15/9/80 250,000)(99.15B 99.355) (2) 99.30 6 3/4% 1/12/80 (250,000) (104.00B) 5% T F 15/4/81 (250,000) (101.55B) 5% T F 15/19/81 (250.000) (101.45B) 5% T F 1/5/83 (250,000)
    94 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      176 6 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who
      176 words
Page thumbnail Page 7
  • Article, Illustration
    LETHARGY SETS IN ON SES
    509 7 LIGHT AND itMdy trading conditions prevailed on the Stock Exchange of Singapore yesterday. The optimism created by laat week's bullish wave and hectic trading appeared to have dissipated over the weekend. Instead the market was relatively lethargic with only a few counters enjoying a small
    509 words
  • Article
    INVESTORS ON KLSE TURN WARY
    371 7 SHARES fluctuated from initial steadiness to a mildly easier spell in selective trading on the Kuala Lumpur Stock Exchange yesterday. The market traded around last Friday's closing levels on opening, although operators by and large were keeping a wary eye on fresh commitments. With no
    371 words
  • Article
    Lock icon Will debenture holders accept AT and T's sweet offer?
    796 7 NYT NEW YORK: American Telephone and Telegraph's money managers are facing a US$75O million question. The answer will not be known until next month, when It will become clear how securities holders have responded to a call on the 8.75 per
    NYT  -  796 words
  • Article
    Lock icon Graham and Dodd system still works
    664 7 NYT NEW YORK: Since last spring, an Investment manager in Westport. Connecticut, has been using a basic valuation approach to the stock market to forge small, satisfying gains at a time when most Investors cue registering substantial losses. There Is nothing magical or original
    NYT  -  664 words
  • Article
    Lock icon Joe Walter's wildcat philosophy pays good dividend
    1246 7 NYT HOUSTON: Back before the turn of the decade, when he was a maverick geologist with a bunch of Junk oil leases and a cubbyhole company called Houston Oil and Minerals, a lot of people kept their distance from Mr. Joe Walter, especially
    NYT  -  1,246 words
  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      374 7 HONGKONG: Share prices closed easier In quiet trading on proflttaklng, dealers said. The Hang Seng Index dipped 8.44 points to 426.36. Hongkong Bank fell 40 to 18.50, Jardine Matbeaon 50 to 13.60. Swire Pacific 20 to 6.20, Hongkong Land 15 to 6.95. Hutchison 7.50 cents to 3.10 and Wheelock
      374 words
    • Article
      Sydney
      434 7 SYDNEY: Leading Issues were generally sharply lower tn continuation of last week's decline, dealers said. The Sydney All-Ordlnarles Index fell 2.75 points to 443.81. BHP fell 12 cents to 5.48 while the Whale* and the ANZ Bank lost six and eight cents to 5.30 and 3.30 respectively, although the
      434 words
    • Article
      Tokyo
      466 7 TOKYO: Share prices closed slightly lower In slow trading with both buyers and sellers reserved In the absence of new factors. dealers said. The Dow Jones average declined 0.23 to close at 5.024.28 on volume of 130 million shares. The new index was 374.01 down 1.00. Some constructions and
      466 words
    • Article
      Bangkok
      126 7 Bahu Asia Fibre 314 -8 Bangkok Bank 441 -1-6 Bangkok Investment 394 ♦6 Bangkok Metropolitan Bank 3 250 60 Bala Shoe MS 10 BerllJucker 642 ♦2 Charoong Thai Wire 373 ♦6 Duslt Thanl 374 ♦6 First Trust 380 10 Oeneral Finance 300 10 Indo-Thal unq Industrial Finance Corp 2.SOS
      126 words
    • Article
      Manila
      15 7 THE MANILA market was closed to commemorate the founding of the Metropolitan Manila Commission.
      15 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      533 7 For complete banking services, call: Am Commorcial Bonking Corpn Ltd 104/104 litiMM R**d AG o»lr<m UniH Shopping Crnfr* Iwki CmhmkM* Italiana J'H" Skin* Kwm Houoo SKtnfwi W«j SMtwm 1 (7* 1201.333) Bonqua Notional* Do Pant o»iim«i Union Shopping Contro Collyor Quay frof'J'o.a 1 Borelays Bank Intarnational LH 2lit Floor. Clifford
      533 words
Page thumbnail Page 8
  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      336 8 OPENING quotations were marked down 0.75 cent in the Singapore rubber market yesterday following slightly easier London advices, after which idle conditions set in. Past mid-day however, moderate Japanese arbitrage buying and forward demand took prices higher. Volume was fair. The morning session closed quiet,
      336 words
    • Article
      Closing prices
      28 8 Rubber: Nov 7 Singapore November 208.50 cents (up 0.25 cent) Malaysia: November 208.25 cents (unchanged) Tin: $1,845 (down S2O) Official offering: 201 tonne* (up 23 tonne*)
      28 words
    • Article
      R.A.S. PRICES
      348 8 R AS prices in cent* per kilo yesterday: Noon (per kilo) Close (per kilo) Buyers Sellers Buyers Sellers Int. 1 RSS prompt f.o.b. Int. 1 RSS. Nov Int. 1 R S 8. Dec Int 2R 8 8. UK/Cont. int 3RSS. UK/Cont. Int 4R.S.S. UK/Cont Int. 5R S S
      348 words
    • Article
      SSR AND SMR
      110 8 NOON SSR and SMR prices yesterday: R.A.S. N..lbr (Current Mth) D (For ward Mth) BUJWI Seller. Buyer* Sellers (oraU par kg) <cei super kf> SSR 20 (1—ton pallet) 202.00 204.00N 203.00 206.OON SSR SO (1—ton pallet) 1W.50 201 50N 200 50 302.SON M.R.E.L.B. SMR 5CV (1—ton pallet)
      110 words
    • Article
      Hongkong comex
      302 8 HONOKONG, Mon. Trading In cotton futures was very quiet, with no fresh indications from Friday's New York market, dealers said. March and July were the only contracts traded and closed US 0.01 and 0.02 cents firmer on light speculative short-covering, they said. Total turnover fell to 37 lots
      302 words
    • Article
      Coffee
      104 8 LONDON, Mon. Coffee opened £135 to £57 higher on turnover of 796 lots. The official tone was "steady." The primary factor motivating the rise was Friday's news from Bogota that Brazil and Colombia had agreed to co-ordinate marketing procedures so as not to allow coffee to be sold at
      104 words
    • Article
      Produce exchange
      259 8 ACTIVITY at the SlngaEore- produce market was ept to a low level yesterday. Inquiries were not forthcoming from the overseas buying centres, except from India, Bangladesh and Pakistan which showed Interest In copra. About 200 tonnes of copra arrived from the usual sources over the weekend. One reason
      259 words
    • Article
      Cocoa
      357 8 LONDON, Mon. Cocoa futures opened quiet with prices finishing the first call down against New York by £3 to £16 per tonne. Dealers said the market gained some underlying support in thin conditions from stronger sterling, but there appeared to be little fresh news to affect sentiment, they said.
      357 words
    • Article
      Sugar
      166 8 LONDON, Mon. Sugar futures finished the first call t.1.20 per tonne down near Dec at 198.50 bid to f0.20 but, showed even larger losses based on Friday's improved kerb level. The London dally raws price was £1 down at last week's four-year low of £92 per tonne, while whites
      166 words
    • Article
      Straits tin
      151 8 THE Straits tin price in Penang yesterday was down Ms2o to $1,845 on an official offering up 23 tonnes to 201 tonnes. Values fell in line with lower pre-weekend London Metal Exchange advices, but buying from Japan and the US was still present at this level, dealers said.
      151 words
    • Article
      Rice
      211 8 BANGKOK, Mon. Indicative prices for rice quoted today were: (US dollars per tonne fob basis Bangkok): White Rice: 100 pet Ist class 311, 100 pet 2nd 297, 100 pet 3rd 291, 5 pet 281. 10 pet 262. 15 pet 259. 20 pet 256. 25 pet 249, 35 pet unq
      211 words
    • Article
      Gold
      200 8 THE firmness in the gold market yesterday was carried over the weekend and the kilobar opened at 5513.002. It surged higher to 5513,018 before long liquidation depressed prices to close at its low of 5512.925. In the loco London market, it opened at U*****.45/ 65 and firmed to U*****.65/
      200 words
    • Article
      Copper
      85 8 LONDON. Mon. Copper wlrebars finished the morning showing all round losses of t'B.oo. Dealers said values gave ground on the premarket under scattered liquidation prompted by the quiet New York market and a rise in stocks'of 2,075 tonnes which brought the total to a new record high of 632.150
      85 words
    • Article
      Silver
      57 8 LONDON, Mon. Silver finished the ring with allround gains of 0.2 pence per troy ounce. The market was'very quiet in the absence of fresh direction from base metals, although prices were steady, reflecting the trend In gold. Three Months traded up to 275.9 pence In the ring before profit-taking
      57 words
    • Article
      Lead
      71 8 LONDON, Mon. Lead was C 1.50 down for cash and Three Months at the end of the morning ring. Dealers said the market eased slightly under the Influence of lower copper, but was generally well supported reflecting the metal's sound fundamental position. Ring sales were 1,900 tonnes. Three Months
      71 words
    • Article
      Zinc
      64 8 LONDON, Mon. Zinc was L' 0.25 per tonne down allround by end-morning. Prices held steady despite, the downturn of other metals, with the continued decline In warehouse stocks the main feature In a quiet market. Ring sales were 2,100 tonnes, most of which were carries. Three Months traded from
      64 words
    • Article
      Lock icon Colombia and coffee go hand in hand
      343 8 NYT BOGOTA, Mon. What's good for the coffee market is good for Colombia or so It would seem. In fact, as world coffee prices have soared to the highest levels in history, and Colombia has been grinding out hundreds of millions of dollars
      NYT  -  343 words
    • Article
      Lock icon Commodities end in restless trading
      676 8 AFP LONDON, Mon. After an extremely difficult and frustrating period of trading, most commodity markets ended In a very unsettled mood last week. Initially, the sudden burst of strength by sterling on the foreign exchange sent most prices spiralling downwards. Overseas communications were interrupted by
      AFP  -  676 words
    • Article
      Lock icon Higher price lifts kenaf production
      137 8 Reuter BANGKOK, Mon. Thailand's kenaf production in the 1977/ 78 season is expected to increase to 210,500 tonnes from 180,000 tonnes the previous season, the Board of Trade said. Its weekly bulletin said that.with smaller production last year, kenaf fetched higher prices In the domestic
      Reuter  -  137 words
  • MONEY AND EXCHANGES
    • Article
      Singapore
      539 8 THE LOCAL money market was erratic yesterday, opening at rates carried from last week, but staging fairly rapid increases to reach a peak of 7 per cent from only about one per cent, after clearing. Overnight rates finally closed at 6 per cent. The various banks were, apparently, in
      539 words
    • Article
      Asian $ rates
      171 8 Asian rates ASIAN currency deposit rates as at close on Nor 7 interbank 18 Dolla Offer ITS (Sp«<) BM 7 days 1 mth 2mths 3mths 6 mths 9 mths 12 mttu ls/ia .7 1/4 .7 3/1# .7 5/16 .7 1/2 7 7 V8 8w. FH. ■odd la 11/19 7 1/0
      171 words
    • Article
      Discount
      6 8 Source: National Discount Co. Ltd.
      6 words
    • Article
      Euro $ rates
      130 8 Euro rates LONDON, Mon. Eurodollar deposits were quiet ahead of the US holidays this week, dealers said. Periods held basically steady at Friday's levels u dealing dat 'till Wednesday, the same as for last Friday. Rates did, however, open slightly higher on the offered side, but have since come off
      130 words
    • Article
      London
      307 8 LONDON, Mon. The dollar eased slightly against major currencies while sterling opened stronger both against the dollar and the basket of currencies, dealers said. Initial trading was subdued and thin ahead of tomorrow's Congressional Election Day holiday in the US. However, dealers said sentiment is beginning to swing back
      307 words
    • Article
      Tokyo
      188 8 TOKYO, Mon. The dollar for overnight delivery closed at 248.20 yen, down from a 248.50 opening, but up from 248.00 at Friday's close, dealers said. The Bank of Japan Is believed to have bought another US$lO million in later trading to support the dollar, bringing today's intervention to an
      188 words
    • Article
      Hongkong
      182 8 HONGKONG Mon. The Hongkong dollar firmed to 4.6930/ 50 against the US dollar from 4.7140/ 60 last Friday, reflecting an acute shortage of liquidity In the domestic money market, dealers said. Some speculation of an increase shortly in banks' best lending rate from the present 4% per cent level,
      182 words
    • Article
      Australia/NZ
      59 8 AUSTRALIA/ NZ exchanges quoted on Nov. 0 AUSTRALIA: Sterling 0.6X2/ 0 6193 U8 dollar 1.1274/ 1.1226 Ninety-day air mall buying rates Sterling 0 6377 US do)Ian ***** Ntnety-day forward buying rate*: Sterilnc 0.6116 U8 dollar* 1.1205 NEW ZEALAND Sterling 0 5603/ 0 5473 US dollar 0.9056/ 0 9656 Ninety-day
      59 words
    • Article
      Frankfurt
      35 8 FRANKFURT exchanges opening quotes on Nov 7. CM 2 0M5/8S UK 4.002/002 N«th n.at/M Swltt 101 70/00 Italy 2MO/S70 Franc* 46 80/70 Norw 41.10/30 Bel( com 6 380/300 Belf fin 303/393 Japan 0 9000/00
      35 words
    • Article
      Eurobonds
      328 8 LONDON, Mon. The Eurobond market was quiet this morning with few changes recorded, dealers said. Straight US dollar issues were steady to firmer while Canadian bonds were mostly unchanged from Friday's closing levels. Mark bonds held steady. Eurobond prices quoted on Nov 7 Straight* Bid Oflsr NȣPon Fud Bank
      328 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      170 8 rr VJ>i 1 rft MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASIA RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken ploce ii all important sectors of the economies of countries in East and Southeast Asia.
      170 words
Page thumbnail Page 9
  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon The Amtrak dream is fading away
      860 9 NYT WASHINGTON, Mon. The headquarters of Amtrak stand at modernistic Lenfant Plaza opposite the United States Postal Service, and even if they were not so closely situated they would still Invite comparison. Each Is a falling enterprise, and each is still struggling, with escalating
      NYT  -  860 words
    • Article
      Lock icon British apathetic to Hongkong MRT
      536 9 FT HONGKONG, Mon. Regret over the lack of Interest shown so far by British civil engineering contractors in the $HK4,100 million second stage of Hongkong's underground* railway has been voiced by the chairman of the Mass Transit Corporation, Mr. Norman Thompson. He was commenting on
      FT  -  536 words
    • Article, Illustration
      IN PORT
      338 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Annapurna (after Trianon) 38/39 Dong Min (0200 after Inverb&nJc) 46 Jastarnla Bor (1200 after Berezvoka) 31/32 KoU Singapura (0700 after Rasa Sayang) 42/43 Mednorgosk (after Ivan Kotlyarevskly) 47 Perils (2100 20 East Rlva (Bulk Maize draft 9.75 m) (1500 after Straat Freetown hauls)
      338 words
    • Article
      Lock icon LOCKHEED TO BUILD PLANE OF THE FUTURE
      209 9 AFP WASHINGTON, Mon. Passengers will be flying in hydrogen-powered airliners at several times the speed of sound before the year 2000, according to the president of Lockheed Aircraft Corporation, Mr. Willis Hawkins. Mr. Hawkins announced over the weekend that the National Aeronautics and
      AFP  -  209 words
    • Article
      Far East Line
      176 9 FAR East Line, incorporated in Tokyo three yean a(o, started its service to Singapore and the Persian Gulf only six months ago. The company has its own barges in the Gulf to facilitate faster and more efficient loading and unloading of cargo. Far East Line has plans
      176 words
    • Article
      Lock icon London freight market
      191 9 AFP LONDON, Mon. Higher rates were again paid for very large vessels trading out of the Oulf states area on the tanker market this week as demand improved, with better activity seen in Indonesia, but elsewhere conditions were quieter. Rates, for the ultra-large and very large crude
      AFP  -  191 words
    • Article
      Lock icon Aircraft plant
      65 9 Reuter ANKARA, Mon. Deputy Premier Necmettln Erbakan said today that Turkey would establish its first aircraft factory within a year. He said Turkey would establish the factory on the 55th anniversary of the Republic, Oct 29, 1978. whatever the outcome of a proposed deal with the Italian firm
      Reuter  -  65 words
    • Article
      Lock icon Russia is keen on American jet engines
      490 9 UPI WASHINGTON, Mon. The General Electric Co. has asked the administration to approve Its proposed sale to the Soviet Union of the most powerful Jet engine in the United States, It was disclosed last Saturday. Mr. Paul S. Trlble, Republican Virginia, said he
      UPI  -  490 words
    • Article
      Lock icon Pakistan seeks loan
      116 9 Reuter ISLAMABAD. Mon. Pakistan is to seek a $31.5 million loan from the Asian Development Bank to help a 280 km canal to irrigate two of its most underdeveloped districts, officials said today. The Chasma Canal project. which will cost about 5135 million, is due to be
      Reuter  -  116 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      699 9 ARRIVALS Service Local Operator Number Time From CAL CI331 0040 TPE/HKQ/KUL CPA CX003 0145 HKO TMA TL303B 0215 BEY/DXB/ BOM/KUL MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ10I 0815 KUL MAS MH621 0850 PEN MAS MH607 0000 KUL MAS MH671 0945 PEN/KUL CAL CI 806
      699 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      117 9 HIGHLIGHTS OF OUR OCTOBER ISSUE: TRENDS Company Profits Key to World Recovery. Find out what deters the businessmen from investing in new capacity Despite higher production costs Roflei is investing in America Why? SUPPLEMENT: UNITED KINGDOM Relevant and useful information for those exporting or intending to export to Great Britain
      117 words
Page thumbnail Page 10
  • Article, Illustration
    Lock icon World sugar prices have turned sour
    933 10 NYT -4JEW YORK, Mon. It was f*actly three years ago tojay that world sugar jEtures prices reached an «Mstoric high of 66 cents a 3g>und, following a season of ."Sticommonly poor cane and JEet crops around the globe. ""Both industrial and Individual sugar consumers
    NYT  -  933 words
  • Article
    Lock icon Anxieties over dollar trail Blumenthal
    1685 10 NYT BONN. Mon. Fears about the sinking dollar and suspicions that the United States had deliberately set out to knock It down dogged Treasury Secretary Michael Blumenthal's trail through the Middle East and Western Europe. Nowhere are the anxieties about the dollar deeper than here
    NYT  -  1,685 words
  • Article
    Lock icon Gold policing currency again
    909 10 NYT NEW YORK, Mon Gold is back again. The price of gold bullion has soared. In Just 14 months, to $163 an ounce from a recent low of $102, and the metal Is once again bedeviling monetarists and other economists who believe entire economies can be
    NYT  -  909 words
  • Article, Illustration
    Lock icon BRITAIN'S BITTER DRINKERS SWITCHING TO LAGER
    1105 10 FT LONDON, Mon. Despite two "phases" of Incomes policy and persistent pressure from the Chancellor of the Exchequer the British drinker remains undaunted or Is he drowning his sorrows? Not only Is he drinking more these days, but he Is even being more choosey
    FT  -  1,105 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      227 10 THEHAMLYN PICTORIAL ATLAS OF THE WORLD A modern and comprehensive atlas It.is become indispensable both to students of geography and to general readers who want to understand the new economic and political shape of tfie world. Here, for the first time, a concise fascinating and authoritative text, illustrated with striking
      227 words
Page thumbnail Page 11
  • Article
    Inter-Alpha group meets here
    229 11 InterAlpha group meets here THE Inter-Alpha consortium of seven EEC banks will hold its first board meeting in Singapore on Jan 18. The seven directors of Inter* Alpha Asia (Singapore) its merchant bank nere will review its activities here and chart future plans. The group, formed in 1972, has offices
    229 words
  • Article
    Jakarta hotel's first year a success
    158 11 THE HOTEL Sari Pacific in Jakarta celebrated Its first birthday yesterday by announcing an overall occupancy rate of over 60 per cent, with 116,479 guests from nearly 50 countries since September 1976. Its general manager Mr Manfred Haeger expressed particular satisfaction that the guests
    158 words
  • Article
    Spanish trade missions
    88 11 TWO Spanish trade missions will be visiting Singapore this month. They hope to contact Singapore companies interested in importing Spanish goods. The first eight-man trade mission comprises furniture fittings and brass manufacturers and will be here from Thursday to Nov. 15. The team will also visit Japan
    88 words
  • Article, Illustration
    Shangri-La on earth
    252 11 THE Shangri-La hotel's Garden Wing extension is the first hotel building here to be designed on the "open-atrium" concept. The open court and corridors combined with lush gardens, create a natural environment. Speaking at a topping-out ceremony to mark the completion or the superstructure, the hotel's general
    252 words
  • Article
    Lock icon NZ wants more access to US markets
    396 11 AP WELLINGTON, Mon. New Zealand Prime Minister Robert Muldoon said today a major aim of his three-week visit to the United States was to break down the barriers of agricultural protectionism. He said he wanted US leaders to recognise that giving greater access
    AP  -  396 words
  • Article
    Lock icon Arabs interested in Penang-built panel houses
    354 11 Reuter PENANG, Mon. South Australian premier Don Dunstan said today that a number of Arab countries had indicated interest in panel houses produced jointly by South Australia and Penang. Originally, there were some orders from the Arab countries for such houses but their requests
    Reuter  -  354 words
  • Article
    UK motor industry team
    97 11 A BRITISH motor Industry trade mission arrived In Singapore over the weekend to look into prospects for Joint ventures and licensing agreements. The mission was organised by the Society of Motor Manufacturers and Traders which has some 650 members. The 10-member team is here until the
    97 words
  • Article
    Lock icon Canada and Japan to meet on uranium
    229 11 AFP TOKYO, Mon. Japan hopes to resume talks on the currently suspended Canadian exports of uranium ore to Japaq late this month. Foreign Ministry sources said today. Canada suspended Its uranium exports to Japan In January following the breakdown of negotiations on the
    AFP  -  229 words
  • Article
    Lock icon Tokyo loan
    30 11 Reuter TOKYO, Mon. Japan will extend a 23 billion yen (***** million) loan to Egypt to help finance Its Suez Canal expansion project, the Foreign Ministry said. Reuter.
    Reuter  -  30 words
  • Article
    Lock icon Japanese beef mission for Queensland
    163 11 AP BRISBANE, Mon. An 80member Japanese beef Industry mission will visit Queensland later this month to negotiate contracts for the purchase of live cattle and grain. Describing the visit as a major breakthrough in differences between Australia and Japan over beef quotas. Queensland Premier Joh
    AP  -  163 words
  • Article
    Lock icon Coal venture with Japanese firm
    156 11 AP SYDNEY, Mon. A Joint venture with a Japanese mining concern In New South Wales will be exporting* two million tonnes, of coal a year by 1981 under a newly-signed agreement. The state's Mines and Energy Minister Pat Hills made the announcement on his return
    AP  -  156 words
  • Article
    Playing safe
    39 11 BOSTON, Mon. Harry Fountain, 75, Is worried about inflation so he has ordered his gravestone already. Harry will pay £175 (*****) for the stone, which he believes will cost 10 times as nftuch by the year 2000.
    39 words
  • Article
    Lock icon Growth forecast more cheerful
    442 11 Reuter AP CANBERRA, Mon. Prime Minister Malcolm Fraser said the government has made a downward reassessment of the Inflationary outlook following the 2 per cent consumer price rise for the September quarter compared with 2.4 per cent In the June quarter. He said the Statistics Bureau
    Reuter; AP  -  442 words
  • Article
    Lock icon Gas project stirs stocks
    281 11 AP SYDNEY, Mon. An international consortium today announced an initial spending of more than Asso million (Ssl34 million) for a two-year "planning and definition" stage towards the development of vast gas deposits off Australia's northwest coast. Construction Is to begin In late 1979, with the first
    AP  -  281 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      190 11 There are now 173,709 households on our circulation list p Straits Times latest circulation now stands at 173.709 an amazing increase of 10.000 copies over 12 months The Straits Times latest circulation now stands at 173.709 copies per issue. That's an increase of nearly ,10.000 copies over the circulation for
      190 words
Page thumbnail Page 12
  • Article
    Lock icon Shipbuilders in Third World worry Japan
    284 12 Reuter TOKYO, Mon. Japan today called for international cooperation to help overcome serious problems In the world's shipbuilding Industry, such as the closing of yards and reduced working hours. Mr. Morlyukl Motono, director general of the Foreign Ministry's economic affairs bureau, said "The importance
    Reuter  -  284 words
  • Article
    Shipping pool to be main topic of meet
    223 12 SINGAPORE shipowners wlli Join other Asean shipowners in Manila on Wednesday to discuss the pooling of Asean shipping resources and other topics vital to regional shipping. The Singapore Shipping Association has sent a delegation to the third general meeting of the Federation
    223 words
  • Article
    Lock icon Australia prepares for bond issue
    246 12 Reuter CANBERRA, Mon. Treasurer Phillip Lynch said In a statement the Australian Government has commenced negotiations for a public bond Issue on the New York market, expected to amount to US$2OO million (SS4BO million). He said a registration statement for the proposed borrowing Is expected
    Reuter  -  246 words
  • Article
    LONDON STOCKS
    765 12 LONDON, Mon. A technical rally was halted after news Britain's firemen voted to strike over a pay claim, dealers said. Financial Times Index at 2.00 pm was up ten points but after the strike news the gain was pared to 5.5. An hour later It stood at 481.7.
    765 words
  • Article
    Transfer of machinery technology difficult
    478 12 MACHINERY manufac-l turers will realise that! Singapore is their gateway! to other Asean markets thanks to the Machine AslaJ exhibition which here today at the Hyatt Hotel. Opening the exhibition today, the Minister for Finance, Mr. Hon Sul Sen, said the exhibition would help such
    478 words
  • Article
    Lock icon Curb won't hit HK employment hard
    476 12 Reuter AP HONGKONG, Mon. Hongkong will not be faced with any major unemployment problem even If the EEC decided to cut the quota for textile imports' from the colony. Governor Sir Murray MacLehose also said the textile negotiations with the EEC related at the
    Reuter; AP  -  476 words
  • Article
    Lock icon Textiles jobless may hit 1.3 m
    188 12 API WASHINGTON, Mon. Substantial reductions in US textile tariffs could force as many as 800,000 American workers from their jobs by 1985, textile manufacturers said on Sunday. Even without reducea tariff rates, more than 1.3 million Americans may be out of work if textile
    API  -  188 words
  • Article
    Lock icon Unemployment will be trillion dollar millstone for US
    440 12 AP WASHINGTON, Mon. Unemployment in the United States will cost the economy trillions of dollars in output and potential tax revenues by the end of this century unless sharply reduced. A study, by the privately financed Exploratory Project for Economic Alternatives, was
    AP  -  440 words
  • Article
    Lock icon Lombok oil station plan may be dropped
    218 12 UPI TOKYO, Mon. Japan and Indonesia may scrap their plan to build a crude oil trans-shipment station on Indonesia's Lombok Island with Saudi Arabian cooperation because of opposition from the Saudi Government, the Malnlchl Shimbun newspaper said today. Informed sources said the Saudi
    UPI  -  218 words
  • Article
    Lock icon Peking trade lower in first half year
    186 12 UPI TOKYO, Mon. China's trade with its principal partners totalled U554,642 billion (Ssll.l billion) for the January-June period of this year, down 11 per cent from the same period last year. The Japan External Trade Oganlsation (Jetro) said, however, Peking's foreign trade is
    UPI  -  186 words
  • Article
    Lock icon French rail team in China
    118 12 AFP PEKING, Mon. The deputy director-general of French National Railways (SNCF) and his team arrived here yesterday as to discuss the modernisation of the Chinese railway with officials during a two-week visit. The tour follows visits by West German and #apa-nesej-ailway officials but is the
    AFP  -  118 words
  • Article
    TWO DEALS AGREED
    64 12 TWO deals were made yesterday at Machine Asia. The sales, which came after only the first day of the exhibition, are an $87,000 contract concluded by Autoflow Engineering, a UK optical engineering company, with Island Optical of Penang for a spectacle lens prescription plant, and a second
    64 words
  • Article
    Pakistan seeks $75m ADB loan
    65 12 ISLAMABAD, Mon. Pakistan is seeking a US$3l.5 million (5575.6 million) loan from the Asian Development Bank to irrigate two of its most underdeveloped districts, officials said. The Chasma Canal project, which will cost about $135 million and is due to be completed in about five
    65 words
  • Article
    Lock icon Opec likely to reject price freeze call
    602 12 UPI BEIRUT, Mon. The Mldr»s 8t Economic Survey (Mees) said today Opec was certain to reject US calls for an oil price freeze at Its policy meeting in Caracas on Dec. 20. Mees predicted a 1078 Increase or at least 5 per cent
    UPI  -  602 words
  • Article
    Problems facing air transport industry
    359 12 4 THE AIR transport Industry will face a> future with many problems, especially financial ones. This is the warning given by Mr. Knut Hammarskjold, Director General of I ATA, in his foreword to the I AT A annual report. Cooperation among airline operators, and with
    359 words
  • Article
    Intraco to Lagos fair
    233 12 INTRACO will represent 16 Singapore manufacturers at the first International La£os Trade Fair in November. Mr. Ng Chon Choo of the Trade Department, Ministry of Finance, will be leading the Singapore delegation to the fair, to be held in Lagos, Nigeria, from Nov 27 to Dec
    233 words
  • Article
    Hungary's $1.7 m order
    99 12 INTRACO has Just secured a $1.7 million order for iocally manufactured garments from Hungary. The company sees this as a useful step in counterbalancing protectionism In the markets of Western Europe. The order came from a four-member textile buying team from the Hungarian Foreign Trade Organisation
    99 words
  • Article
    Global demand for metals won't rise much
    219 12 WORLD demand for metals next year will not go up by any significant degree, reports the latest issue of International Finance, the economtc bi-weekly put out by the Economics Oroup of the Chase Manhattan Bank. This is In sharp contrast with the situation
    219 words
  • Article
    Lock icon Asean CCI sets up seven industry clubs
    142 12 Reuter KOTA KINABALU, Mon. The Asean Chamber of Commerce and Industry has formed seven regional industry clubs to help expand lntra-Asean trade which now totals only 15 per cent of the foreign trade of the five member countries. The president of the Malaysian
    Reuter  -  142 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      63 12 MtIMKMiV WiU The Conponoits Britt In Imt Farfcfft Tracks? WISiL FORKurr TRUCK MS» *►/MW KF/SJW Lm4 Willi: 500 mm aTar-*"— CMHrtwtfßw, w HHh*—k 6m« 7 ku SraM MM ■•Sf f bjctric I^l rap «r 3t 111 dMMk Nllf «M p«li >m« a FETIM (PRIVATE) LIMITED. fAR EAST TRUCK INCORPORATED MANUFACTURING
      63 words