The Business Times, 26 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 SATURDAY, NOVEMBER 26, 1977 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Lock icon Thai basin project
      58 1 AFP BANGKOK, Fri. Japan will take an active part in developing the basin of the Mae Klong, a river that flows south-west of Bangkok and crosses several rich agricultural provinces. This decision was announced here yesterday by Mr. Shlnsaku Hogen, head of Japan's International Cooperation Agency, who
      AFP  -  58 words
    • Article
      Lock icon Steel mill
      47 1 AP KARACHI, Fri. A Russian-financed steel mill at Karachi is expected to go into partial production in 1979-80. Quoting steel mill sources, Radio Pakistan said that it will produce 400,000 tonnes of billets, 80,000 tonnes of pig iron and over 197,000 tonnes of coke. AP.
      AP  -  47 words
    • Article
      Lock icon Coaches for Dacca
      36 1 UPI RAWALPINDI, Fri. Pakistan has won a contract to export 108 railway coaches to Bangladesh In an International tender in competition with Japan, India and South Korea, a government spokesman said yesterday. UPI.
      UPI  -  36 words
    • Article
      Lock icon New video system
      34 1 AFP TOKYO, Fri. A new home video-disc player system capable of one-hour or two hour playback in colour with stereo sound was unveiled here today by Matsushita Electric of Japan. AFP.
      AFP  -  34 words
    • Article
      Lock icon Demands close mills
      44 1 AFP NEW DELHI, Fri. The managements of four major textile mills in West Bengal state have had to close recently because they were unable to meet workers' demands in the "present recessionary situation", the daily newspaper Financial Express reported today. AFP.
      AFP  -  44 words
    • Article
      Lock icon ADB credits
      60 1 AP ISLAMABAD, Fri. Pakistan will receive U5569.5 million (***** million) in credits from the Asian Development Bank for two development projects Irrigation In North-west Pakistan, and Installation of four power generators at the Tarbela dam It was announced today by Grand Majld Mufti, secretary of the Ministry of
      AP  -  60 words
    • Article
      Lock icon Trade pact
      30 1 Reuter BANGKOK, Fn. A trade agreement between Cambodia and North Korea has been signed, Radio Phnom Pen£ reported today. However, no details of the agreement were given. Reuter.
      Reuter  -  30 words
    • Article
      Lock icon Total embargo
      44 1 AFP JAKARTA, Frl. All Indonesian activities and dealings with South Africa and Rhodesia are under "total embargo". This was stated by Indonesian Interim Foreign Minister Dr. Mochtar Kusumaatmadja when he received a delegation from the Organisation of African Unity here today. AFP.
      AFP  -  44 words
    • Article
      Lock icon Shoe war
      62 1 AP MILAN, Fri. Italian shoe producers have urged European Common Market officials to exert "all possible political pressure" on Canada to avoid the imposition of quotas on the sales of Italian shoes In Canada, said Mr. Andrea Mercatantl, president of the Italian Shoe Producers Association, as talks got
      AP  -  62 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      183 1 SHARE prices finished generally lower in reduced trading on the Stock Exchange of Singapore yesterday. Dealers noted selling activity ahead of the weekend and signs that the apparent oversold position had just about cancelled itself at the week's close. The Business Times index closed 2.64 points lower
      183 words
  • Article
    In Kuala Lumpur
    114 1 Rise* Most active Castlefteld 8 05 .10 G. Lumber 306.000 M Box Bhd. 2.05 .08 Wearne 127,000 Llngul 0.90 .05 G. Ceramics 103.000 Keck Seng 1.73 05 Federal Cables 88 MO YeoHS(M) N.B.T. S. Trading 1 86 2.45 5.75 .05 V.05 .05 Total Turnover: 1.75 M Total
    114 words
  • Article
    Market may not absorb all four
    690 1  -  SETTSU RISKS POOR RESPONSE By TERESA LIM SETTSU Paperboard Manufacturing may have timed its US$l5 million convertible bond j issue badly. Announced Wednesday, the issue is one of four bonds launched on the Asian dollar market in just a month and there are fears
    690 words
  • Article
    Cardiff team leaves with $1.2m orders
    283 1 THE 14-member Cardiff Chamber of Commerce mission have had a successful business visit, judging from their estimated haul of £300,000 (SSI.2 million) worth of orders during their One-week stay here. "Mission Secretary, Mr. Richard SmaTe, told Business Times that one of the companies, Engart
    283 words
  • Article
    Pricing system to beat US steel imports
    512 1 WASHINGTON. Fri. The Carter administration is seeking to reduce the foreign share of the American steel market from the present 20 per cent to 12 to 14 per cent. It may also increase financial resources of domestic steel companies and among other things,
    512 words
  • Article
    Brain drain blamed on poor leaders
    416 1 FOREIGN Minister S. Rajaratnam was in fine comic form last night, examining "the myth that politics Is dirty business a profession fit only for the scallywags, the social misfits, the psychopaths and the failures In life," and conceding that "It is not even necessarv
    416 words
  • Article
    Lock icon Seoul a rising star
    234 1 Reuter SEOUL, FYI. South Korea will bypass Taiwan and Hongkong In exports this year, probably emerging as the world's 17th major exporting country excluding oil producing nations. Commerce and Industry Minister Chang Yle-Joon, who was giving estimates at a monthly Cabinet trade promotion meeting chaired by
    Reuter  -  234 words
  • Article
    Abu Dhabi snag in joint Concorde service to S'pore
    242 1 LONDON press reports speculated yesterday that the British Airways/Singapore Air* lines joint Concorde service would be indefinitely delayed because Abu Dhabi refused BA overflying rights. Hie British Airways (BA) office in Singapore dismissed it, however, as "inaccurate for sure." Discussion, a
    242 words
  • Article
    Sin Chew is likely to disappoint stag hopes
    417 1  -  •y CHAN BONG SOO THE SHARES of Sin Chew Jit Poh (Singapore) are likely to come on to the Stock Exchange of Singapore next Tuesday with a wider premium than the stags generally expect. In the black market the shares have already
    417 words
  • Article
    Britain raises MLR 2pc
    184 1 LONDON, Fri. The Bank of England today raised Its minimum lending rate (MLR) from 5 to 7 per cent with effect from Monday. The move was intended to check an excessive rise In bank liquidity caused by a massive inflow of capital, linked with the dollar's
    184 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      44 1 COPIES ANYTHING FITS ON ft TABLE TOP. INSIDE Market Review t/TV Radio Overseas News Local Co. News International Co. News Local Stocks Overseas Stocks —P7 —P2 Commodities —P8 —P3 Transport A —P4 Communications —PS Features —PlO —P5 Local Overseas —P6 News —PI I, 12
      44 words
    • Advertisement
      Page 1 Advertisements Column 2
      130 1 TV xX a 3L r :> T **^£29 L-5* V AMDST IMnNGOSHED C&R! Peugeot 604 exudes luxury. It's rigid body is protected by Electrophoresis and six handsprayed coats of paint plus a top layer of varnish. Insulation from noise and vibration is achieved via a floating differential, seats that are
      130 words
    • Advertisement
      Page 1 Advertisements Column 3
      256 1 y-mx COMPLETE COPVMG SVSTa« APS ELECTRONICS (PRIVATE) LTD Singapore t* *****4 (5 im«s» APS ELECTRONICS (M) SDN BHD KUALA LUMPUR Tel 217*7/*****/***** SEE BACK PAGE Browning's bold new shape toward better golf is way out in front! 0 e IRONS This is the Browning 440 Some will call it daring,
      256 words
Page thumbnail Page 2
  • MARKET REVIEWS
    • Article
      Massive cash injection won't raise spirits higher
      811 2  -  LONDON •f GERALD COLVERD AROUND £1 billion will be poured Into UK stock market Investment during the new two-week trading account which opens In the London stock market on Monday. Not a penny of this will raise the mood of the market above
      811 words
    • Article
      No early decision
      111 2 SIME DARBY Holding's decision to study the benefits of a change of domicile from the UK to Malaysia Is not expected by London sources to arrive at any early conclusions. Much will depend on the UK government's Intentions in regard to the removal of exchange controls which
      111 words
    • Article
      Good gains chalked up by selected counters
      417 2 KUALA LUMPUR TRADING tended mixed and somewhat Irregular on the Kuala Lumpur Stock Exchange this week. Activity at a moderate level with selected counters making good gains. The Malaysian Business Times index hit a new high on Thursday at 580.48 points. The Index,
      417 words
    • Article
      Lock icon SYDNEY
      118 2 Reuter SHARE prices continued to slide this week on the Sydney stock market with the fall In the government's popularity in public opinion polls ahead of the Dec 20 election being the main depressant. Dealers said several leading shares fell to their lowest levels this year and the All-Ordi-nary
      Reuter  -  118 words
    • Article
      Upsurge in hotel stocks
      689 2 SINGAPORE THE TRADING pattern on the Stock Exchange of Singapore this week was rather irregular with mdst prices moving within narrow limits. After a firm opening, the market began to display a general lack of followthrough support. On balance, values were marginally marked down on most
      689 words
    • Article
      Company news for the week
      361 2 r iiMfrtfi fortrmM fflir OTHERS United Motor Works (Malaysia) Holdings Bhd has bought 100,000 ordinary shares of $1.00 each In Perak Equipment Sdn Bhd for M 554.740. This purchase makes Perak Equipment a wholly-owned subsidiary of UMW. Shareholders of CTD Resources Group have passed a
      361 words
    • Article
      Lock icon Lance offers to repay banks' losses
      553 2 NYT WASHINGTON, Frl. Mr. Bert Lance has offered to repay two Georgia banks for certain uncollected loans and disallowed business expenses In order to avoid a Federal regulatory action that could force him out of banking. Sources familiar with the Investigation said yesterday, representatives
      NYT  -  553 words
    • Article
      Lock icon American chamber opens in Pretoria
      289 2 AP JOHANNESBURG, Fri. A South African Chapter of the American Chamber of Commerce has been started with the "full knowledge" of the U8 government Mr. John Caldwell, in charge of the International division of the US Chamber of Commerce, said this at the Inauguration of
      AP  -  289 words
    • Article
      Lock icon Workers trap boss
      90 2 Reuter PARIS, Frl. About 100 workers at the French state-owned Renault firm yesterday held the firm's chairman prisoner for seven hours to seek higher payment for time lost during a recent strike, a Company spokesman said. The workers trapped Mr. Bernard Vernler-Pallez in the morning in an
      Reuter  -  90 words
    • Article
      ISO meet on coffee
      34 2 ABIDJAN (Ivory Coast), Frl. Talks on world standardisation of coffee products will take place here from Dec 5 to 9 under the aegis of the Londonbased International Standards Organisation (ISO).
      34 words
    • Article
      Lock icon French deal is cancelled
      299 2 AFP PRETORIA, Frl. South Africa has "provisionally" cancelled a contract with a French company for allelectronlc equipment for Its telephone network. Postmaster-general Louis Rive said the decision was taken because of the threat of sanctions against South Africa. Mr. Rive said that In a "time of
      AFP  -  299 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      77 2 PH4SFI HOCKSfEE HILL HIGH-CLASS SPLITTEVVL^JRDVN^SS 8 tSSSK?SmS* KAN R D T LUXURY FITTINGS .FREEHOLD LANO PICTURESQUE 4 I FASCINATING «LOAN INSTALMENTS .PROMPT DELIVERY FRESH COUNTRY AIR. KONOMK PRKM6 BOOK NOW! BUILT-IN AREA OVER 2000 Sq.Ft. 1185 80 sq meters i GARDEN AREA OVER *****q.F«.(371 60 iq meters) YTO CHU KANG
      77 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      52 2 THE WEATHER WEATHER report for 24 hour* prior to 7.30 pm on Nov 25 at Singapore airport. Maximum Temperature 2&7° C Associated Humidity 81 Minimum Temperature 23JJ°C Associated Humidity 96 Hours of Sunshine 0.02 Rainfall in Millimetres trace Total Rainfall for the Month 308.6 Total Rainy Days for the Month
      52 words
    • Miscellaneous
      Page 2 Miscellaneous Column 2
      283 2 SINGAPORE 5 1.00 PM Opening followed by Sesame Street 1.55 Saturday Matinee Lili. Starring Leslie Carron, Mel Ferrer 3.20 Belt-up (repeat) 3.30 9th SEA Games Hockey: Singapore vs Malaysia (Final) 5.00 San di war a Keras-keras Kerak Nasi (repeat) 5.35 Bonanza The Wagon 6.30 News in Brief 6.35 Romantic vs
      283 words
Page thumbnail Page 3
  • OVERSEAS
    • Article
      Lock icon British terms for major cut in tariffs
      441 3 Reuter LONDON, Frl. Britain needs to be able to act selectively against countries which are disrupting British markets with their Imports, Trade Minister Edmund Dell said. Mr. Dell told the Association of Manufacturers of Domestic Electrical Appliances this was the most important of
      Reuter  -  441 words
    • Article
      Lock icon Swiss not certain of 3pc growth
      314 3 Reuter BERNE, Frl. The Swiss economy experienced a real decline of 1.3 per cent last year compared with a fall of 7.7 per cent In 1975, final Federal Statistics Office ,figures show. In nominal terms, gross national product rose 1.1 per cent to 145.9
      Reuter  -  314 words
    • Article
      Lock icon Further integration in EEC needed
      387 3 Agencies STRASBOURG. Fri. EEC President Roy Jenkins told ministers of the Council of Europe that progress towards economic and monetary union (EMU) was essential to enable the EEC to cope with inflation and unemployment and restore stable economic growth. Speaking at the ministers' regular session
      Agencies  -  387 words
    • Article
      Lock icon Union opts out of lOpc pay strait jacket
      235 3 Reuter BLACKPOOL, Fri. The British electricians' union voted by a large majority for return to free collective bargaining outside the government's guideline of a 10 per cent limit on earning increases. Other motions passed at the conference here of the Electrical, Electronic,
      Reuter  -  235 words
    • Article
      Lock icon I. Coast to export oil
      56 3 Reuter ABIDJAN (Ivory Coast), Frl. Offshore oil reserves discovered recently will enable the Ivory Coast to meet Its own needs and start exporting by 1983. In a special report, the official dally Fratemlte Matin said production at one field, expected to start In 1980, could
      Reuter  -  56 words
    • Article
      Lock icon How the float can be enlarged
      107 3 Reuter THE HAGUE. Fri. The European Joint float Is stable but It cannot be enlarged unless European non-member countries coordinate their financial and economic policies more closely. Former Dutch Treasurer General Coen Oort, who Is international affairs adviser at Algemene Bank Nederland NV, said
      Reuter  -  107 words
    • Article
      Lock icon Weather holds key
      861 3 AT ROME, Fri. Three years ago, at a time of acute hunger In parts of Asia and Africa, a world food conference declared that "every man, woman and child has the Inalienable right to be free from hunger and malnutrition." Now, as another gathering reviews the world
      AT  -  861 words
    • Article
      Lock icon W. German monthly trade surplus climbs
      1069 3 BIGGEST IN THREE YEARS Reuter WIESBADEN, Frl. The West German foreign trade surplus rose to 4.81 billion marks (555.09 billion) in October from 3.66 billion in September and compared with the year ago downward revised 3.57 billion. The Federal Statistics Office said the October
      Reuter  -  1,069 words
    • Article
      Lock icon Minister on oil hunt licences
      156 3 Reuter ORANGE (New South Wales),Frl. Deputy Prime Minister Doug Anthony denied that the government was considering granting oil exploration licences in the Great Barrier Reef. He was replying to a claim by the opposition Labour Party leader in the Senate. Mr. Ken Wriedt, that the
      Reuter  -  156 words
    • Article
      Lock icon EVEN THE ITALIAN EXPERTS WILL FIND IT A TASK
      280 3 Reuter ROME, Frl. A group of economists this weekend faces the agonising task of finding ways to cut Italy's public spending without halting the economy and snapping the worn patience of the political parties on which the government relies for support.
      Reuter  -  280 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      129 3 withlDD When you need to budget a hectic day, it helps to know you can time •your overseas calls to the minute. Our IDD (International Direct Dialling) facility gives you virtual on-line access to the leading cities of the world. Pick your time. When you are ready, go. Key the
      129 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      193 3 I CROSSWORDS as.; I Cryptic Solution ACROSS. 4, Soccer. 7, Research. 8, E-tudes. 10, Wedge. 13, Serb (rev). 14, (over) Seer. 15, An-N-E. 16, Pew. 17, Asia. 19, Be-a-n. 21, Windfalls. 23. Mona. 24, Fred (eric). 28. No-W. 27, Idle. 29, Eros (rev). 32. FloE. 33, Cr-one. 34, Caress. 35.
      193 words
Page thumbnail Page 4
  • COMPANY NEWS
    • Article
      MBS shines brighter
      500 4 HOT on the heels of Metal Box Berhad's impressive Interim results, sister company Metal Box Singapore has unveiled an even more commendable set of halftime figures. For the first six months ended Sept 30, 1977, group pre-tax profit Jumped 56 per cent to $3.4 million. This is
      500 words
    • Article
      DIVIDENDS ANNOUNCED
      328 4 Current payment Ex Date Date payable Total for the year Total for previous year Malayan Banking Oriental Roth mans 11V»% 6%I 20% Nov 7 Nov 6 Oct 14 Nov 26 Nov 30 Nov 30 17*% 6% 20% 17*% 15% 20% Mentakab Rubber Sirne Darby Sime Darby 11%I 24%
      328 words
    • COMPANY MEETINGS
    • Article
      Tax status of Mr Werner Rey
      201 4 FT ZURICH: The former majority shareholder of the Bally shoe concern, Mr. Werner K. Rey, Is "In all probability" resident for tax purposes in the UK, according to a statement issued by the government of Canton Zurich. However, under the conditions of the Swlss-UK
      FT  -  201 words
    • Article
      Slide in earnings at CCM slows
      453 4 CHEMICAL Company of Malaysia appears to have succeeded In slowing down the slide in Its earnings. For the year ended Sept 30, 1977, pre-tax profit at M 515.9 million represents an improvement on the 34 per cent setback In the previous year when earnings
      453 words
    • Article
      Reynolds Metals plant for Sarawak
      138 4 REYNOLDS Metals Inc. a US company, is to set up t multi-million dollar aluminium plant in Bintulu, Sarawak's fourth division. The company's chairman, Mr. J. Louis Reynolds, said in Kuching that the project will be on a jointventure basis with the Sarawak government. He said
      138 words
    • Article
      Health records of chemical firms' staff
      598 4 NYT NEW YORK: Anticipating the Environmental Protection Agency's request for extensive record keeping under the Toxic Substances Control Act, companies using or producing chemicals are gearing themselves for the task of building computerised medical and exposure-hls-tory data systems. Monsanto Co of St Louis is
      NYT  -  598 words
    • Article
      Cope Allman sees no near-term benefits
      709 4 LONDON: With none of the short-term conditions gartlcularly favourable, ope Allman International, a packaging, engineering, fashion and leisure group, does not at this stage expect to do better In the first half of the current year than In the same period of 1976. Mr.
      709 words
    • Article
      Singapore Eidai sinks deeper
      407 4 SINGAPORE Eldal Corporation, a timber products and plywood manufacturer which ceased operations In March 1976, has reported further losses of $3.8 million for the year ended June 30, 1977. This Is at least lower than the trading loss of $10.17 million Incurred in Its last year
      407 words
    • Article
      Kumpulan Guthrie
      273 4 KUMPULAN Guthrie has secured a MSI.2 million contract for the sale of crumb rubber processing machinery to Ondo Investment Corporation of Nigeria. A statement Issued by Kumpulan Guthrie said It can make available technologists and engineers to provide planning, Installation, commissioning and aftersales services to users of Guthrie's
      273 words
    • Article
      OIL PALM OUTPUT October 1977
      79 4 FFB OIL KERNEL Tona Tons Tons Austral Enterprise 904.00 172.00 Ayer Molek Rubber 54.74 Benta Plantations 7,082.00 1,412.00 282.00 Buklt Katll Rubber 359.08 Castlefleld t 129.15 25.83 Consolidated Plantations 48,612.00 9,722.00 1,944.00 Dunlop Estates 3,071.00 •691.00 Golden Hope 3,829.03 872.64 Guthrie Ropel Inch Kenneth Kajang
      79 words
    • Article
      People in business
      103 4 MALAYAN BREWERY has appointed Mr Bernard Sarphatie as a director in place of Dr Antonius Joanne* de Roy who has resigned. Encik Moh&med bin Siraj, a customer service supervisor with Kodak (Singapore) Pte Ltd, has retired after almost 30 years of service with the company. He is
      103 words
    • Article
      Commerzbank profit higher
      267 4 FRANKFURT: Operating profit at Commerzbank for the first 10 months of 1977 was almost 20 per cent h'wher than the corresponding period last year although Interest margins on average were slightly below last year's levels. The bank gave no operating profit figure but said in Its interim
      267 words
    • Article
      Foreign holdings of yen bonds up
      147 4 Reuter TOKYO: Net foreign portfolio Investment in Japanese bonds and debentures In October rose sharply to US$2ll million from $52 million In September, the Finance Ministry said. Buying rose to $559 million from 437 million In September, while sales fell to $348 > million
      Reuter  -  147 words
    • Article
      Toyo Kogyo denies
      104 4 Reuter TOKYO: Toyo Kogyo Co and Sumitomo Bank denied a local press report that Toyo Kogyo started negotiations with Ford Motor of the US on closer links between them Nlhon Kezai, a Tokyo dally, said Toyo Kogyo, now on the road to reconstruction with the full support
      Reuter  -  104 words
    • Article
      Esso gets licence
      93 4 Reuter HOBART: The Esso group has been granted a minerals exploration licence for an area in north east Tasmania,' state Resources and Energy Minister O.D. Chlsholm said. Mining of any minerals found would be subject to further approval, he said. Meanwhile, South Australia Premier Don Duns- tan,
      Reuter  -  93 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      232 4 THEHAMLYN PICTORIAL ATLAS OF THE WORLD A modern and comprehensive atlas has become indispensable both to students of geography and to general readers who want to understand the new economic and political shape of the world. Here, for the first time, a conuse fascinating and authoritative text, illustrated with striking
      232 words
Page thumbnail Page 5
  • INTERNATIONAL COMPANY NEWS
    • Article
      Bayer aims for more market diversification
      884 5 EUROPEAN COMPANIES Reuter BAYER AG. which saw its world pre-tax profit fall six per cent in the first nine months this year to 849 million marks from 904 million marks last time, is setting its sights on increased geographical diversification of its. business. "Only
      Reuter  -  884 words
    • Article
      ICI sees little improvement
      547 5 Reuter FOURTH quarter profits of Imperial Chemical Industries are expected to show little improvement on the third quarter's pre-tax profit of t'los million, well informed sources said. Worst hit sectors during the third quarter were fibres, general chemicals, dyes, petrochemicals and plastics with volume sales down,
      Reuter  -  547 words
    • Article
      BSC forecasts further decline
      195 5 Reuter AFTER reporting a sharp pre-tax loss for the first half-year ended Oct 1, 1977 British Steel Corporation said it anticipates the situation to worsen in the second half. The corporation reported a pre-tax loss of i'2ol million after charging interest of 196 million compared with
      Reuter  -  195 words
    • Article
      Mesa plans for oil field rejected
      171 5 Reuter THE UK Energy Department has rejected plans by Mesa Petroleum Corp for its development of the Beatrice field In the Moray Firth. Energy Minister Dickson Mabon told Parliament the company's plans to moor a 250,000-ton storage vessel 19 km off the Scottish coast
      Reuter  -  171 words
    • Article
      GKN HOPES FOR SALE
      83 5 Reuter QUEST Keen and Nettlefolds (GKN) of the UK hopes to sell armoured personnel cars to the Philippines. company director lan Donald told reporters in Manila. Company sources said initial sales of 40 vehicles, costing between US$BO,OOO and $100,000 each, were possible and the Philippines had
      Reuter  -  83 words
    • Article
      Stop to VFW 614
      98 5 Reuter SHAREHOLDERS of Vereinigte Flugtechnische Werke-Fokker GMBH have agreed with the West German Government that production of the slowselling VFW 614 short range jet should stop at the end of this year. Industry sources said this was agreed last Friday at a meeting in Bonn, the
      Reuter  -  98 words
    • Article
      Too early to tell at Basf
      101 5 IT is still too early for Basf AG to Indicate how its 1977 cash dividend may differ from the 8.50 marks paid last year. Chairman Matthias Seefelder told reporters that the 1977 deterioration in earnings and sales will be reflected In the payout but
      101 words
    • Article
      C. Lyonnais
      21 5 CREDIT Lyonnais has opened a branch in Tokyo to add to the representative office it opened there in 1970.
      21 words
    • Article
      Exports of Renault units fall
      139 5 Reuter EXPORTS of Berllet and Savlem, Renault's two heavy vehicle making subsidiaries. are expected to be Just over 17,000 units this year, down from 22,000 in 1978 .i Informed sources said oil Eiroduclng countries like raq are currently placing few orders after heavy purchases In
      Reuter  -  139 words
    • Article
      Cavenham Eurobond
      44 5 THE US$5O million 10-year Cavenham International BV Eurobond was priced at 99Vi per cent with a 9W per cent coupon, parent company Cavenham said. A repurchase fund will reduce he average life to 7.24 years. The loan Is managed by Credit Lyonnals.
      44 words
    • Article
      Tussaud's in a wax over bid
      382 5 FT IN a sudden reversal of positions. Madame Tussaud's. owners of the famous London waxworks, has become the unwilling subject of a 19.5 million bid from S. Pearson and Son. Tussaud's had approached Pearson some months ago with a view to buying Chesslngton Zoo.
      FT  -  382 words
    • Article
      North Sea Brent field resumes production
      210 5 Reuter PRODUCTION of crude oil from the North Sea Brent field has resumed following the start-up of the Brent ••D" platform. Shell UK Exploration and Production said. Production from the field was halted five months ago for installation of gas compression facilities on the
      Reuter  -  210 words
    • Article
      Japanese to produce Lockheed patrol planes
      196 5 ASIAN COMPANIES UPI KAWASAKI Heavy Industries will become the main contractor to produce Lockheed Aircraft Corp P3C anti-submarine patrol planes under licence in Japan. Naozo Mabuchi, director of the SDA's equipment bureau, told a parliamentary committee his agency would purchase the first three P3Cs
      UPI  -  196 words
    • Article
      Tokyo firms buy stake in Swiss bank
      93 5 EIGHT Japanese companies have acquired a 40 per cent stake in the Bank Out Strelf In Zurich from Its parent bank. Volksbank. Nippon Credit Bank said it acquired a 13.3 per cent share In the Swiss bank, capitalised at eight million Swiss francs,
      93 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      277 5 Which bank helps you come to grips with today's fast-moving world? We do. Bank of America. In today's rapidly changing world situation, the successful execution of business plans calls for flexibility and fast response. Information must be current and complete, and requires constant alertness by a professional staff, both in
      277 words
Page thumbnail Page 6
  • Article
    Share Information Service
    2428 6 Gr't Gr't Net 1977 Last div Dtv y'ld P/E Vol Day High Low Cmpuy Sale c'rr (W) HJCfc Low SECTION ONE INDUSTRIALS 1M 134 Ac ma 139 -1 12.ON 1.8 8.0 0.5 1 139 139 204 105 Alcom 105 10.0 0.5 0.0 20.0 ue 58 Allied Choc
    2,428 words
  • Article
    Transactions in Singapore
    1297 6 BID aad iftr prim aflktoßy IMuiMawlMainprtri to tW Stock IntoMi af §bppare yeetorday with the af aharaa mM ahowa to hrackoto to toto af l.Mt units unless stfcarwtae ■pacified. All Ttose Mltta—fl Owtoto are quatod after tha ward "Sett." Bi< Bawd deak (to toto rfl,M umlto) in
    1,297 words
  • Article
    In Kuala Lumpur
    1467 6 BID and offer prices officially listed and business in and upsilul 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. INDUSTRIALS Asms (1) 1.38. Aflnsmsts (2.11B). Als*m (1.706). Alsi. Hold. (0.02B) (3)
    1,467 words
  • Article
    Stock options
    88 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. C and C (Dec $1.98) (0.538 0.568) (5) 0.57 (1) O.M. (Dec $2.38) (6.168 6.188).
    88 words
  • Article
    Unit trusts
    147 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manaccn pric« br Nn H) l&irtnl p rices) The Commerce... 1.17 188 INCOME BOND 1 08 1.14 The Saving Fund S'pore Prof Fund S'pore Security Fund S'pore Invest Fund 1.08 1.1S 0 83 0.88 1.82 1.72 1.01 1.07 MARA BUMIPUTRA FUND (Maaaffsrs'
    147 words
  • Article
    GOVERNMENT BONDS
    136 6 Rep Spore D Mark 7% 1962 (100.000) (101*B 102*8) Rep Spore C 1/2% till (100.000) (1018 101*8) Rep Spore 7 3/4% 1987 (100.000) (99*8 100SS) B O T Floating ISM (100,000) (98*B 98*8) 5 1/4% IS/7/78 (250.000) (100 958) 4 3/4% 1/5/79 (250,000) (100 508 100 528) (2)
    136 words
  • Article
    CORPORATE BONDS
    154 6 B O T 8 1/2% 1981 (100,000) (100 SB 101*8) B O T 7 5/8% 1964 (100,000) (978 97*8) LTCBJ 1952 (100,000)(98*B 99*8) Credit Lyoaaaia Floating 1963 (100,000) (97*8 97*8) DBS Convert* 6 1/2% 1991 (100,000) (96*8 96*8) D B 8 8 1/2% 1962 (100,000) (1008 100*8) E
    154 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
    GENERALLY LOWER
    627 7 SHARE PRICES finished generally lower in reduced trading on the Stock Exchange of Singapore yesterslowdown was partly attributable to the noncommittal attitude of moat operators and dabblers ahead of the weekend. Apparently, the oversold Cition referred to by some ling brokers had just about cancelled itself in the
    627 words
  • Article
    PRICES IN KL RETREAT
    375 7 THE KUALA Lumpur stock market yesterday closed easier as prices retreated across a broad front In fairly moderate trading. Some pre-weekend profittaking was evident, especially among the volatile second and third liners. Apart from Industrials, trading was dull and featureless. Share prices opened marginally higher in
    375 words
  • INTErNATIONAL STOCK MARKETS
    • Article
      Hongkong
      386 7 HONGKONG: The market wa» quiet but rallied from a slightly easier morning, little affected by local bank's decision to hold interest rates and press reports of an easing In negotiating positions In the Brussels textile talks, dealers said. The Hang Seng index rose fractionally to 420.54. They said the
      386 words
    • Article
      Tokyo
      481 7 TOKYO: Share prices closed higher on fresh buying In blue chips, dealers said. The Dow Jones average rose 50.52 to close at 4.647.78 with volume of 150 million shares. The new Index closed at 352.99, up 2.50. Vehicles led the recovery, helped by quieter conditions on the Tokyo foreign
      481 words
    • Article
      Sydney
      544 7 SYDNEY: The market continued weak, although some issues pared early losses In late trading, dealers said. The Svdnev All-Ordinaries Index fell 2.01 points to 426.52. BHP closed two lower at 5.16 after touching a year's low of 5.08, while banks fell on news of share Issues by the National
      544 words
    • Article
      Manila
      152 7 MANILA: The market ctoeed lower across the board, with turnover falling to 4.03 million pesos from Thursday's 5.09 million, dealers said. Mining Issues declined slightly, although Atlas rose one point, while among oils. Trans-Asia lost six points and others were unchanged or marginally lower. Commercials were steady, apart from
      152 words
    • Article
      Bangkok
      123 7 NOV It BahU Asia Fibre 288 -1 Bangkok Bank 403 -8 Bangkok Invest. 372 -8 Bangkok-Metro-politan Bank 3470B Bala 80S -15 Bern Jucker 502 ■4 Charoong Thai Wire 350 -3 Dumex DusltThanl 337 +24 Faber Merlin First Trust 383 -2 Oenera Finance 381 -4 Indo-Thal Industrial Finance Corp 2225
      123 words
    • Article
      Amsterdam
      306 7 AMSTERDAM: The market closed mixed with Dutch Internationals mostly lower led by a two-miHder fall by Royal Dutch, dealers said. However, AKZO and Hoogovent were unchanged. Insurances, banks and Industrials were mostly higher led by Amev, Amfai, Ocegrinten and Pakhoed, with gains of around 1.50 guilders. Shippings were mostly
      306 words
    • Article
      Brussels
      151 7 BRUSSELS: Belgian shares were lower In quiet trading, bourse sources said. Hainaut-Sambre rose While All Electrical, Reserve, VieilleMontagne, Cockerill, Clabecq, ACEC, Cometra, CBR and Arbed fell. In foreign stocks. UK were un--DyfT'3 o«nnans rose, Dutch and French fell and US were mtaed. Oold mines were unchanged. P*wtaa fell while
      151 words
    • Article
      Frankfurt
      291 7 FRANKFURT: Shares were generally lower as foreign exchange market uncertainty persisted and investors held back, dealers said. Bayer gained 1.30 marks despite announcing lower world profits for the first nine months, while banks, electrlcals and motors were mostly steady with a slightly lower bias. Public authority bonds were up
      291 words
    • Article
      Milan
      161 7 MILAN: Stocks were moderately higher In relatively low and uncertain trading, bourse sources said. Montediaon fell around 5.5 per cent from Wednesday's levels. Fiat closed marginally firmer, but below the day's highs. Snia Viacoaa, Anic, Liquigas, Generate I m mobi iiare, Aaaicurationi Generali, and both Olivettia strengthened. Pirelli EC
      161 words
    • Article
      Paris
      324 7 PARIS: The market was barely steady in thin trading, dealers said The disturbed foreign exchange market continued to depress stocks, they added. Schneider and Draaui were firm points but Cie Banc a ire. Michel in, Redout*. Air Uquide and BP led much of the market slightly lower. Foreign shares
      324 words
    • Article
      Zurich
      320 7 ZURICH: The market closed narrowly mixed In very quiet dealings, bourse sources said Initially the market drew some support from the firmness of Wall Street, but the renewed weakness of the dollar subsequently had a dampening influence on Investors' buying mood, they said. While leading banks and flnanclals closed
      320 words
    • Article
      Jo'burg
      382 7 JOHANNESBURG: Gold shares were mixed In quiet trading, reflecting disappointment over the bullion price, dealers said. Movements ranted from losses of up to 25 cent* to gains of up 55 cents Financial minings were quiet and mostly unchanged. De Bears finished two cents down at 528. Coppers were around
      382 words
    • Article
      Lock icon Claims will affect Wood Hall profit
      492 7 FT LONDON: The chairman of Wood Hall Trust says the group results for the current year should be comparable to or better than the £6.31 million for the previous year. This is, however, subject to ~a major claim In Australia. Auditors Deloltte and Co
      FT  -  492 words
    • Article
      American Motors proves them wrong
      313 7 NEW YORK: American Motors partially answered critics who argue that it should abandon its lossmaking passenger car business by announcing a US$B.3 million net profit for the year ended September 30. Although $5.2 million of the profit was a tax credit, the overall figure represents
      313 words
    • Article
      Toronto
      202 7 TORONTO: Share prices closed sharply higher In active trading, with the Composite Index up more than six points and gains leading losses 232 to 133. The Supreme Court ruling against Saskatchewan's surcharges and taxes on oil production boosted the oil Index. Husky Oil, which has major Interests in the
      202 words
    • Article
      Indices
      66 7 FINANCIAL TTMM INDfamUALU Thu«d»> 4M.T W«dnwd*jr «TB« Week Afo 4*1 ft DOW >ON« AVKBAOt INDl'jmUALS Tl.orvJ«j MX M «>lne9da> ciond W«ck A«o Wl.M LOXDON DOLLAR PUMJVM Thursd*) 97S Ui NH Wrdnesuy b< MH H.K. MANC SEX Tt>urad*> «t>9> WfHrw«<iAy 04«7 We«K A to O* *> 4YDNVY INDtiffTHJ AL£ T>iyr»rt»y
      66 words
    • Article
      New York
      13 7 THE New York market was closed on Thursday for Thanksgiving Day
      13 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      453 7 BUSINESS TIMES Airline Directory Aeroflot Soviet Airlines 110-112 Show Centra, Orchard Road, Singapore 9 (Tel: 377.111) Air Ceylon 302-B, 3rd Floor, Marina Houte Shonton Way, Singapore (1) (Tel: ******8) Ground. Floor, ICB Building, Shonton Way Sinaaoora 1 (Tel: *****11) 16th Floor, UIC luilding, Shonton Way, Singapore 1 (Tel: 2205.277) Air
      453 words
Page thumbnail Page 8
  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      430 8 OPENING quotations were marked up 1.25 cents In the Singapore rubber market yesterday, following steadier London advices, and the market then held quietly steady. Towards mid-day however, some upcountry selling trimmed the gain slightly. The morning session closed quietly firm with December RSS One buyers
      430 words
    • Article
      Closing prices
      28 8 Rubber: Nov 25 Singapore: December 206.00 cent* (up one cent) Malaysia: December 204.50 cent* (unchanged) Tin: $1,777 (down 14) Official offering: 226 tonnes (up 21 tonnes)
      28 words
    • Article
      RAS PRICES
      304 8 R.A.S. prices In cenu per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.8.8. prompt f o.b. 209 00 206.00N 204.29 205.29N Int. 1 R.8.8. Dec 1977 205.25 205.75 206.00 209.29 Int. 1 R.8.8. Jan 1978 206.50 207.00 206.29 206.90 Int. 2
      304 words
    • Article
      SSR AND SMR
      98 8 NOON SSR and SMR price* yesterday: Dm ■bar J mutry R.A.8. (Current Mth) (Forward Mth) Buyer* Seller* Buy*r Seller* (orau per kg) (CM iUperk«) SSH20 (1-ton pallet) 196.SO 200 508 199.50 201.SON SSR SO (1-ton pallet) 196.00 198 00N 197.00 199.00N M.R.E.L.B. 3MR5CV (1-ton pallet) 214.SO 216.50N
      98 words
    • Article
      Sugar
      173 8 LONDON, Fri. Sugar futures were down at the first call by £1.75 to £0.75 In a restricted trading volume of 155 lots. Dealers attributed the slight decline to buyers reserve rather than any specific pressure from sellers. Both the London dally raws and whites prices were unchanged at £105
      173 words
    • Article
      Produce exchange
      404 8 MIXED conditions prevailed In moderate trading at the Singapore produce market yesterday. Many outstanding contracts for pepper, copra and coconut oil were met with the arrivals of more than 400 tonnes of pepper and some 200 tonnes of copra. Both oil millers and exporters snatched up the shipment
      404 words
    • Article
      Hongkong comex
      332 8 HONGKONG, Frl. Sugar futures closed easier In moderately active trading, on scattered commission house selling, dealers said. Trading was mostly In March and May, losing US 0.08 and 0.04 cents respectively. Total turnover fell to 55 lots from yesterday's 70. Cloaiag Previous Mch 9.00/10 0.10/10 May 9.50/90 9
      332 words
    • Article
      Palm oil
      75 8 C.l.F. Rotterdam, US dollars per ton. LONDON: Thursday Pfwtovs Malaysia 5H ffa bulk Jan 453 sir 450 sir Sumatra 5* f f a Nov 525 sir 440/442* pd Dec 482 50 sir 452 W/ 455 pd Jan 445 sir 452 50 pd Feb 440 sir 477 50 pd
      75 words
    • Article
      Coffee
      204 8 LONDON, Frl. Terminal coffee closed the morning "steady", £5 higher to £29 lower. Volume totalled 925 lots including seven options. Much of the morning trading was centred around Jan/Mch positions where good dealer trading took place and accounted for most of the volume. Dealers said the market was uncertain
      204 words
    • Article
      Rice
      204 8 BANGKOK, Frl. Indicative prices for rice quoted today: (U8 dollars per tonne fob but* Bangkok): WUto Bin: 100 pet Ist class 319, 100 pet 2nd 305, 100 pet 3rd 299. 5 pet 280, 10 pet 270, 15 pet 207. 20 pet 264. 25 pet 257, 35 pet una. Brakm:
      204 words
    • Article
      Straits tin
      238 8 THE Straits tin price in Penang yesterday was down Ms 4 to $1,777 on an official offering up 21 tonnes to 226 tonnes. The marginal drop was due to slightly Increased volume of tin supplies, dealers said. Trading was quiet but the low levels invited some light buying
      238 words
    • Article
      Cocoa
      300 8 LONDON, Frl. Cocoa futures opened £21.50 higher to unchanged except for distant Dec which was £1.50 lower. Volume totalled 406 lots, including 109 self trades. Futures showed initial firmness In reaction to Thursday's sharp sell off, traders said. No direction came from New York because of the Thanksgiving Day
      300 words
    • Article
      Rubber recovers marginally
      389 8 THE PERIOD, shortened by the Harl Raya Hajl holiday on Monday, followed a very similar pattern to that of the previous week with values dropping some 3-1/2 cents per kilo, before marginally recovering some of the loss. Turnover varied from fair to light with prices fluctuating dally
      389 words
    • Article
      Gold
      296 8 THE KILOBAR In Singapore yesterday opened at 5512,124. The market hit a high of 8112,180 and fluctuated in a range of 3585.00. The kllobar closed weaker at 8412,005. In the London market, the metal opened at U*****.25/45 and cloaed at U*****.05/25. The London morning fix was U*****.90, down $1.00
      296 words
    • Article
      Lead
      111 8 LONDON, Frl. Lead ended the morning ring £1.75 down all round. Dealers said prices eased slightly initially on forecasts of a 1,000 tonnes Increase in warehouse stocks, but then held steady In quiet dealings. Ring sales of 2,300 tonnes were about half carries. On Thursday, lead rose by £1
      111 words
    • MONEY AND EXCHANGES
      • Article
        Singapore
        435 8 THE foreign exchange market continued to be steady yesterday, with more activity noted only on the Deutschemark, sterling and Swiss franc counters. All three counters suffered slight falls. Sterling opened against the US dollar at 1.8165/75, and fell to 1.8120/30 later in the day. It rose by a few
        435 words
      • Article
        Minimum lending rates
        30 8 4 *5SLm4iX"~" nr»cktaa» as riA ii« 7 SStffiiSL::::: kMlrfCtta HaitoMlMtet 7 »wtl rfTAs* 1 MM 7 (XX fm OuMOTatSlMfc OVA 7 OCT 1 HK... r (job r
        30 words
      • Article
        Asian $ rates
        161 8 Asian rates ASIAN currency deposit rates as at close on Nov 25 U8 DolL Offer Interbank "ST 7osys 1 mth 2 mths 3 mths 6 mths mths 12 mths t 5/8 .6 11/16 .7 1/M .7 i/n .7 J/8 .7 7/16 .7 1/2 9w. FT*. IBMII 1/2 6 6/16 6
        161 words
      • Article
        Discount
        50 8 RANGE of prices offered by discount houses on Not 23 Overnight 2% to 3 Call deposit 1% to S%% J- Month Treasury bUL 3-Month ■■J** iriHac l 31/4 31/> Bank Mill 4 7/3 4 3/4 3-Month CD •-Monti) CD 5 3/t 51/4 3T/a 33/4 Source: National Discount Co. Ltd.
        50 words
      • Article
        Euro $ rates
        137 8 Euro rates LONDON. Frl. Eurodollar deposit rates opened basically unchanged and traded steady In quiet early business after the US Thanksgiving Day holiday yesterday and ahead of the weekend, dealers said. Five months was around 1/16 easier In periods due to the loss of a Friday end but other fixed
        137 words
      • Article
        Zurich
        54 8 ZURICH exchanges closing quotes on Nov 24 US 2 1730-1730 UK 3 9300-9423 Can *****-9605 W/Oerm 97 74-01 NeUi 00 40-S3 Prance 44 04-00 Br% 0 30-30-3/4 Dcnm 15 SO-S3 Norw 40.11-14 8wwJ 46 32-35 Il»ly 0 1478-2480 Austria 13 72-73-1/4 Port 5 n Spain 2 S3-S3-J/4 Art 0
        54 words
      • Article
        Tokyo
        201 8 TOKYO, Frl. The dollar for overnight delivery closed at 240.00 yen, unchanged from the opening and from yesterday's close. Dealers' estimates of central bank dollar support ranged from US$5O million to close to $100 million, most of it near the close. They said the Bank bought $1 million or
        201 words
      • Article
        London
        178 8 LONDON, Frl. Renewed liquidation of dollars ahead of the weekend depressed the US currency to new lows against the mark and the Swiss franc in fairly active trading, while sterling remained weak on the prospects of a sharp Increase in UK minimum lending rate today, dealers said. The dollar
        178 words
      • Article
        Hongkong
        128 8 HONGKONG, Frl. The dollar fluctuated narrowly against the yen to close at 239.85/05 In thin and orderly trading from London's 240.00/20 and a high here today of 240.80, dealers said. Trading In European currencies was quiet, with the dollar closing at 2.2205/15 marks from London's 2.2193/03, 2.1715/30 Swiss francs
        128 words
      • Article
        Australia/NZ
        52 8 AU8TRALIA/NZ exchanges quoted on Nov 25 AUSTRALIA: US dollar 1.1330/1.1201 Sterling 0.0272/0.0201 Ninety-day air mall buying rates Sterling 0.0401 U8 dollars I 1024 ninety-day forward buying rates: sterling 0 0236 US dollars 1.1270 NEW ZEALAND: Sterhng 0.6013/ 0.54S3 US dowr 1.0034/ O.OOM Ninety-day forward rata*: Sterling 0.5606 US dollars
        52 words
      • Article
        Frankfurt
        36 8 FRANKFURT exchanges opening quotes on Nov 25. US 2 2200/18 Can 1.0000/00 UK 4.013/023 Neth 02 44/54 Swltx 102.12/22 Italy 2 520/530 Prance 45 73/83 Norw 40.07/41.07 Brig com 0.340/306 Belg fin 0.33/34 Japan 0.9340/56
        36 words
      • Article
        Treasury bill tender
        70 8 RESULTS of tender held on Nov 25 for 91-dav and 182day Treasury bills. 182-day Bins to be Bills to be I sued l«ued from Nov 20 on No* SO to Doe Offered: 030.000,000 010.000,000 170.000.000 SM 400.000 Allotted 030.000.000 010,000.000 Accepted Bids 000.30 000.30 Iporon- iODTOll* ■Steiy
        70 words
      • Article
        Eurobonds
        344 8 Eurobond pricea quoted on Nov 25 Strtirtto Nippon Pud Bank 7.73 82 D6M( Holland) 8.2587 BNDE (Brazil) 29 84 Sweden 7.5 82 Walter Kldde8.585 Pemex 9 82 IU Oversea* Finance 8.75 87... New Brunswick 8 84 Selection Trust 8.75 88 Flat 8 82 Hydro Quebec 982 FlsonsS.7582 Tetmex 9.25
        344 words
    • Article
      Copper
      172 8 LONDON, Frl. Copper wlrebars finished the morntng with all round gains of €1.50. Dealers said the market was subdued following the US holiday and on expectatlons of a further modest rise In warehouse stocks this week. However, the tone was steady on small preweekend covering up to £669 per
      172 words
    • Article
      Silver
      113 8 LONDON, Frl. Silver finished the morning with losses of 1.0 to 0.8 pence per troy ounce. The market was quiet with modest liquidation reflecting softer gold this morning and lack of direction from New York, dealers said. Light short-covering supKrted prices at marginally ver levels with the bullion dealers'
      113 words
    • Article
      Zinc
      132 8 LONDON, Frl. Zinc was £5 down for cash and three months at the end of morning ring dealings. Prices fell back during the pre-market with three months trading from £208 to £294 on dealer expectations oPa 3,225 tonne rise In warehouse stocks this week. Traders said this unsettled the
      132 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      307 8 from Penguin LI I u Yukio Mishima firmly upheld the traditions of Japan's imperial past, which he believed were being slowly eroded by Western materialism. Disillusioned he astonished the worlcf in 1970 by committing hara-kiri or ritual suicide by disembowelment. One of his last works, Runaway Horses, is now published
      307 words
Page thumbnail Page 9
  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon Madrid's air workers call off strike
      226 9 UPI MADRID, Frl. Saying they feared a catastrophe, leaders of Spain's 11.000 airport workers called off a new strike today at practically the last minute. The action came Just hours before the scheduled start of a government plan for military personnel to step in
      UPI  -  226 words
    • Article
      Lock icon Call for stricter antihijack curbs
      139 9 Reuter PARIS. Frl. Civil aviation authorities from 21 European nations today called for tougher anti-hijack measures at airports, including an end to the immunity of diplomats from personal searches. The European Civil Aviation Conference said in a statement it was appealing to all states to
      Reuter  -  139 words
    • Article, Illustration
      Lock icon Finance is the key component
      1411 9  -  BRITISH SHIP SALES By LAN HARGREAVES FT LONDON. Fri. Britain Is at present trying to sell six general cargo "tramp" ships worth £50 million to the state-owned Shipping Corporation of India. So far. the Indians have been offered by way of inducement a direct subsidy
      FT  -  1,411 words
    • Article
      HOEGH LINES
      225 9 HOEGH LINES was established in Oslo, Norway, by Leif Hoegh and Company. It now offers a round-the-world service with a fleet of modern, large and fast cargo liners. These cargo liners are equipped to carry bulk liquids, deep-frozen products, heavylifts, unitised goods and containers, in addition to general
      225 words
    • Article, Illustration
      PORT
      388 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Confidence (0730 after Kota Slngapura) 46 Hudson Maru (JEHF) (1000 after Astra Peak) 45 Lumut (0600 21 East Nedlloyd Elbe (2359 after Westerkerk Tamuraeverett) 10/11 New Horse (1100 hauls 17m West) 33/34 Rita Maersk (after Father Panos) 31/32 Samulun (1700 subj«ct freeboard) 20 Sanel
      388 words
    • Article
      Lock icon Bangkok's port congestion eases
      151 9 Reuter BANGKOK. Frl. Congestion at the river port of Bangkok has eased considerably with ships now waiting for only 1-1/2 to two days to get a berth compared with four or five days a week ago, shipping sources said. The situation at the port has Improved
      Reuter  -  151 words
    • Article
      Lock icon BA's plane plans trigger protests
      147 9 AFP. LONDON. Friday British Airways yesterday triggered a storm here by suggesting that It might purchase US airliners as replacements for its Trident Jets on short haul flights. Lewis Car ter-Jones, chairman of the Labour Party aeronautics committee. said such a move by the British
      AFP.  -  147 words
    • Article
      Lock icon Blue Star's new service
      100 9 Reuter SYDNEY, Fri. Blue Star Line Ltd's new container service between Australia, New Zealand and the Middle East Gulf is likely to start around July next year, a company spokesman said. The company is investing around $50 million in building two fully cellular 16,000 dwt vessels
      Reuter  -  100 words
    • Article
      Lock icon CAPACITY CUT ALMOST HALVES SHIPPING LABOUR
      265 9 AFP BRUSSELS, Fri. The shipbuilding industry of the European Economic Community should reduce its capacity by 45 per cent over the next Ave years, almost halving the industry's labour force, according to an EEC paper made available here yesterday. The cut-back, a consequence of
      AFP  -  265 words
    • Article
      Lock icon End of the road for short-haul jet?
      82 9 AFP DUESSELDORF. Frl. The German-Dutch VFWFokker aircraft group intends to halt production of its short-haul VFW-614 jetliner barring "spectacular sales" by the end of the year, a company spokesman said today. But he denied a newspaper report that claimed the group had already
      AFP  -  82 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      671 9 ARRIVALS Service Operator Number Local Time From CAL CPA TMA MAS MAS SIA MAS MAS MAS CAL SIA OIA CPA THAI SIA GIA MAS GIA PAL RBA GIA SIA KLM SIA MAS MAS SIA SIA GIA SIA GIA CPA MAS SIA SIA AI MAS SIA MAS SIA
      671 words
    • Article
      Lock icon London freight market
      214 9 AP LONDON, Frt. Although rumoured US wheat sales to China have been denied, the US Department of Agriculture disclosed yesterday that China had bought a quantity of American soyabeans. Indeed, such business featured in fixing when Chinese charterers paid $16 (FIO) to the "Pampero" for a 30.000-ton
      AP  -  214 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      200 9 Give usa man fora monthwell gwe hima 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 a language
      200 words
Page thumbnail Page 10
  • Article
    Lock icon ICI Fibres lends redundant chiefs a helping hand
    1484 10  -  SUE CAMERON in London looks at how ICI Fibres is helping its redundant executives to set up shop for themselves. Many of the students found they had been cocooned from the usual problems that arise in running a business. SUE CAMERON FT
    FT  -  1,484 words
  • Article
    Lock icon BUSINESS IS BAD BUT NOT FOR BUSINESS SCHOOLS
    975 10  -  Business schools in the UK are experiencing a boom which has resulted in full classrooms. This is a turnabout from the American fashion of the past which sent British wouldbe managers rushing off to Harvard. DAVID FANNING reports. DAVID FANNING FT LONDON:
    FT  -  975 words
  • Article, Illustration
    Lock icon Steel conflict threat to Japan's American ties
    1005 10  -  By ANDREW H. MALCOLM NYT TOKYO: Earlier this fall NHK, Japan's semi-go-vernmental televlson network. despatched a film crew to Youngston, Ohio, to get local reaptlons to the steel-Import controversy rising between the United States and Japan. The Japanese team so interested a Youngstown
    NYT  -  1,005 words
  • Article
    Fuller role for trade certification board
    1252 10  -  By JOHN KAM SIX YEARS after its inception the National Industrial Training and Trade Certification Board which was formed to help train appropriate skills for industries is now ready to play a fuller role. To date, It has set up 26 national industrial trade
    1,252 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      58 10 NOW ON SALE at your regular bookshop The phenomenal bestseller which has taken America by storm the story of a black American's search for his roots in Africa ROOTS has sold over 1 1 4 million hardback copies since ita publication and it it continuing to top the bestseller lists
      58 words
Page thumbnail Page 11
  • Article
    Lock icon Car production up on overseas demand
    559 11 AFP TOKYO, Frl. Japanese car production In October totalled 755,910, showing a 6.4 per cent Increase over a year ago reflecting brisk overseas shipments. The Japan Automobile Manufacturers Association (JAMA) said exports gained 26 per cent to total about 390,000, which more than made
    AFP  -  559 words
  • Article
    Lock icon Tokyo move on Canadian uranium
    193 11 Reuter TOKYO, Frl. Japan will try to seek a compromise with Ottawa on Canadian controls over exports of natural uranium In an effort to get resumption of shipments to Japan that were suspended last January, the Foreign Ministry said. The move followed an agreement between
    Reuter  -  193 words
  • Article
    Marketing meet to map SIA's future course
    175 11 SINGAPORE Airlines biennial world marketing conference will be held at the Hyatt from Monday till Wednesday. More than 130 key marketing and sales personnel from SlA's head office and their advertising and public relations agencies will attend. The conference will discuss trends and
    175 words
  • Article
    Lock icon Indian purchase firms palm mart
    208 11 Reuter KUALA LUMPUR, Fri. Indian buyers have purchased between 7.000 and 10.000 tonnes of palm olelne from Malaysian refiners In the past two weeks for shipment through January/February/March Trading sources said the renewed demand followed recent storm damage to Indian oilseed crops. Some Indian enquiry
    Reuter  -  208 words
  • Article
    ICI meets in S'pore
    35 11 AN international ICI paints senior management meeting will be held at the Mandarin Hotel on Tuesday. This will be the first time the ICI management will be meeting In this region.
    35 words
  • Article
    Lock icon Mission leaves for Peking to negotiate trade accord
    223 11 Agencies TOKYO, Frl. A 20-man Japanese economic mission left here for a six-day visit to Peking to negotiate a long-term private trade agreement with China, a spokesman for the JapanChina Association on Economy and Trade said. Japan hopes to sign-the agreement, probably
    Agencies  -  223 words
  • Article
    Lock icon Fukuda gets a breather
    500 11 Agencies TOKYO. Frl. A Statistics Bureau adjustment In figures spelled temporary relief for Prime Minister Takeo Fukuda's Cabinet, Which faces heavy criticism for its inability to reflate Japan's stagnant economy. The bureau announced the government will be able to hold the consumer price index below the
    Agencies  -  500 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      127 11 CORPORATE ANNOUNCEMENTS CARRY MORE WEIGHT IN BUSINESS TIMES umted w2£»3 rtfst3 IttT MAACM 1 >•- *""'•••'"»<« %x V/ 99 SOUTM /■cS* 1 J^V V *+s££2* s& <S2j?s> V?» -sj* l v£*?r i Cr"** fcs l <£'£&*' •rv is*** «*r« v <£**' L n£s£i V\ W AW Because Business Times is
      127 words
Page thumbnail Page 12
  • Article
    ACBC looks set for expansion
    567 12 ASIA Commercial Banking Corporation (ACBC) appears poised for another round of expansion. The last time the bank raised its capital, by $10 million to $50 million, was In 1976, and with the kind of backing that Its new shareholder have, this can be expected to
    567 words
  • Article, Illustration
    Tat Lee Bank on-line service
    108 12 THE local Tat Lee Bank yesterday became the tint bank in Singapore to order an IBM System/34 com* puter with 12 IBM 5250 terminals. The on-line system will initially be used to process current account and central liability applications. At a later state it will
    108 words
  • Article
    Getting to know school system
    160 12 DR. Ahmad Mattar, Acting Minister for Social Affairs and chairman of the Industrial Training Board (ITB) and the Adult Education Board (AEB), will declare open today the first in a series of 12 two-day Orientation Seminars on the Rationale for and Implications of the Revised
    160 words
  • Article
    Lock icon Fukuda to shuffle cabinet next week
    252 12 UPI TOKYO, Fri. Today s adjournment of Parliament will open the way for Prime Minister Takeo Fukuda to form a new Cabinet. Tokyo political sources said the Cabinet shakeup would be carried out early next week. It may involve a change of faces at
    UPI  -  252 words
  • Article
    Lock icon Cherry blossom time...
    181 12 UPI TOKYO, Fri. Japan will officially lift its import ban on American cherries on July 1. The Agriculture-Fo-restry Ministry said today the -American fruit will be kept off the Japanese market until after July 5 for the next two years to protect domestic growers who fear the
    UPI  -  181 words
  • Article
    Khoo for C. Sugars
    117 12 KUALA LUMPUR, Fri. \ftthln a week of his resignation as executive chairman and director of Magnum Corporation, Oato Kay Peng has rwelved a second new senior board appointment, this time in publicly quoted company Central Sugars. In a brief statement yesterday. Central Sugars said that Da
    117 words
  • Article
    LONDON STOCKS
    691 12 LONDON, Fri. The market advanced today on revived client buying and technical considerations. dealers said. The Increase In the UK minimum lending rate to 7 per cent from 5 per cent was fully discounted. At 3 p.m. the Financial Times Index was up 8.1 up 464.8. Long dated
    691 words
  • Article
    Agents avoid question of car price hike
    176 12 NONE of agents for Japanese ears la Singapore choae to raise the question of a price rise to oflbet the recent yen riae at yesterday's bi-monthly mooring of the Motor Traders Association (MTA). Though a formal discussion had been mooted, It waa felt
    176 words
  • Article
    New style JTC terrace factories coming up
    197 12 THE Jurong Town Corporation (JTC) plans 316 newdesign terrace factory buildings at a cost of $22 million. JTC tries to match the supply of industrial buildings to the anticipated demand. The terrace factories will meet the anticipated demand for relatively smaller factory space
    197 words
  • Article
    Bus guide now back to 50C
    80 12 THE Singapore Bus Service (SBS) guidebook Is now being sold at its official price of 50 cents by the Singapura Drugstore Instead of the 80 cents per copy It has been charging for the past month (reported In Business Times 'yesterday). This followed a
    80 words
  • Article
    Lock icon AGENDA FOR CARACAS MEETING DRAWN UP
    1202 12 Agencies CARACAS. Frl. The Organisation of Petroleum Exporting Countries (Opec) governors have already reached basic agreement on economic matters to be discussed by Opec oil ministers at their regular meeting here on Dec 20. For this reason, Opec's economic committee will meet for only
    Agencies  -  1,202 words
  • Article
    Lock icon Bank of Japan steps in
    566 12 Agencies TOKYO, Frl. The Bank of Japan was believed to have fcfcugnt some US$lOO million (***** million) yesterday to keep the dollar from falling through the 240-yen level it closed at 240.00 yen on the Tokyo foreign exchange market unchanged from Thursday's finish. After opening
    Agencies  -  566 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      76 12 AU NOTICE To the holder* of the Mooting rote U.S. Dollor Certificates of deposit due 29th November, 1980 of: The Sumitomo Bonk, Limited Ground Floor, DBS Building, 6 S hen ton Way, Singapore 1 We hereby certify that the rate of interest payable on the above-mentioned certificates of deposit for
      76 words
    • Advertisement
      Page 12 Advertisements Column 2
      248 12 What is Malaysia doing ensure natural rubbers rightful place in industry? Find out in the November 1977 issue of MALAYSIAN BUSINESS MALAYSIAN BUSINESS this month takes a close look at the rubber industry from the processing and marketing to the industrial use of the product and the technological advancements made.
      248 words