The Business Times, 30 November 1977

Microfilm: NL9610
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, NOVEMBER 30, 1977 50 CENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon Top trade partner
      69 1 AP BANGKOK, Tues. Thailand's trade surplus with its partners in Asean for the first half of 1977 stood at a record US$224 million (Sss2» million), an increase of *50 million, the Board of Investment (BOI) reported today. Trade with Singapore, its largest trading partner within the Asean
      AP  -  69 words
    • Article
      Japanese gesture
      71 1 GENEVA, Tues. Japan told its major trading partners today it was "actively considering" reducing tariffs on certain goods in advance of the outcome of the world talks on lowering trade barriers. Such a reduction should be seen as Japan's contribution to the Tokyo Round negotiations for lowering trade
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    • Article
      Lock icon Chinese oil for Japan
      64 1 AFP TOKYO, Tues. China will supply Japan with 15 million tonnes of oil In 1982 under a long-tern) trade agreement. The agreement was reached yesterday in Peking during a meeting between a Japanese businessmen delegation and Vice-Premier U Hslen-nlen. The oil will come from Tachlng to
      AFP  -  64 words
    • Article
      Lock icon KL studies request
      50 1 Reuter KUALA LUMPUR, Tues. The Malavslan fnr V r!» nm n 18 stud ylng a request from Britain n 10 ny the supersonic Concorde territory on the new Londonservice beginning next month. Communications Minister Tan Sri Manlck--101(***** Lower House of Parliament to- RnSS-"* re,uest m etoU rom
      Reuter  -  50 words
    • Article
      Lock icon Loans to small firms
      63 1 Reuter TOKYO, Tues. The Japanese Cabinet approved an additional 500 billion yen (814.9 billion) of loans to small firms to help them tide over the impact of yen appreciation and year-end fund shortages. These loans will be supplied by three government finance bodies People's Finance Corp,
      Reuter  -  63 words
    • Article
      Lock icon Jakarta for 10pc
      63 1 Reuter ABU DHABI, Tues. Indonesian Oil Minister Mohammad Sadly said today his country would not want oil prices to be Increased by more than 10 per cent next year. Dr. Sadly, who arrived here early today as part of a tour of major oil exporting countries, said
      Reuter  -  63 words
    • Article
      Lock icon Dow Jones
      64 1 UPI NEW YORK, Tues. stocks headed lower early today. Trading was active. The Dow Jones industrial average, which fell 4.85 points yesterday, was off 4.07 points to 835 50 shortly before 1600 GMT. Yesterday's setback was the first In six sessions. JS c Unes led advances, 635 to
      UPI  -  64 words
  • Chief Price Oranges
    • Article, Illustration
      In Singapore yesterday
      218 1 SIN CHEW Jit Poh chalked up a fantastic premium on its debut in a quiet and slightly easy market on the Mock Exchange of Singapore yesterday. The share r 1 52.50 in brisk trading before closing at 52.47 for a premium of 135 per cent over its
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    • Article
      In Kuala Lumpur
      98 1 Foils Most octi ye Pet* line Me»a 0.35 0.90 .10 m O. Ceramics 145,000 87,000 84,000 81,000 Island Pen 2J30. <n Uen Hoe 8m View Royal 0.07* 1.10 .04 .04 F. Cables D.B.S. 3.52 .04 Total Turnover: 1.49 m U.M. Works 1.25 .03 Total Value: MJ2.78 M
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  • Article, Illustration
    Good response to floating rate CDs
    630 1  -  EUROCLEAR WILL HANDLE NOTES BY SOH TIANG KENG THE US$l5 million floating rate negotiable certificate of deposit (FRCD) Issued by Sumitomo Bank met with very good response. Sumitomo's FRCD the second so far in Singapore has been twice oversubscribed, it Is understood. The issue
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  • Article
    Indian bank branch opens
    232 1 INDIA'S largest bank, the State Bank of India, opens its offshore branch In Singapore today. This- win be the first branch by the bank in Asean although it has a representative office in Manila. The Singapore branch, said chief manager Mr. N. Slvaramakrlshnan, will offer a
    232 words
  • Article, Illustration
    Market attitude to Leong Huat not rational
    825 1  -  »y MANO SABNANI ON THE face of It, the bullish treatment accorded shares of Leong Huat Industries In the last five months may be considered as a classic example of Illogical stock market behaviour. Though the company has been losing more and more
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  • Article
    Lock icon KL may consider Cuban sugar again
    179 1 Reuter KUALA LUMPUR, Tues Malaysia would consider resuming sugar imports from Cuba if current negotiations to revise the «ugar agreement with Australia become difficult. Trade Minister Datuk Serl Hamzah Abu Samah aald here today that Cuba was only too willing to sell to Malaysia
    Reuter  -  179 words
  • Article
    ORIENT LEASING ISSUE
    85 1 THE US$2O million Orient Leasing (Caribbean) NV Asian Dollar bond Issue has been priced at 90% per cent, joint lead manager Dalwa Europe NV said yesterday. The Issue, guaranteed by parent Orient Leasing based In Tokyo, and Sanwa Bank Ltd, carries a coupon of Stt per cent
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  • Article
    Sin Chew shares make bullish debut at $2.23
    296 1 STAGS of the Sin Chew Jit Poh (Singapore) public issue were yesterday blessed with a wider than expected range of premiums when the •hares made their debut at the Stock Exchange of Singapore. With the shares changing hands from $2.23 to 12.50,
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  • Article
    Tokyo firms account for 1Opc of local exports
    459 1  -  •y RONNIE LIM JAPANESE companies here play a significant role ln Singapore's economy, the firms being responsible for about a tenth of the exports. Last year, Japanese companies accounted for 9.6 per cent of Singapore's exports. In terms of exports to Japan,
    459 words
  • Article
    ADB capital stock
    132 1 SINGAPORE Is expected to Increase its subscription to the capital stock of the A^ lP e n lo P m nt *<> US$29, $75,000 fS$7O million), subject to parliamentary approval. Notice of this was given last week by the Finance Minister who said the increase was In
    132 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      64 1 whatever you need in menswear.get itaL.. MOHAN'S DERI STORE (FTEJ UD. 321 Orchard Road. 1M *****22 (nart toMMM HoM) W,lhWw WwnnHiiy Cawtia THzaoam DaMy:9am-9pm BEE BACK PAGE Oversees New*/ TV Radio Overseas News/ Oosswords Local Co. News Overseas Stocks P 2 Commodities Transport 4k ComP 3 muni cations P 4
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      Page 1 Advertisements Column 2
      59 1 w. A KV-2000ES Sony's 20" (51 Bcm) New Trinitron colour tv system with 60% bnghter and sharper plus instant picture make him the best colour tv system in town. warranty •24 months' cover for free labour •24 months' cover for all parts •24 months' cover for the picture tube Setron
      59 words
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      Page 1 Advertisements Column 3
      196 1 Some flames just never give up TAMTA IC lujhtt" olivelki Logos. Once you try it, your calculator just won't do. Olivetti Logos: A range of calculators designed to do more ha/*d calculating work than most machines. There's the new Logos 42a that cbmes with a well-designed keyboard for fast, easy
      196 words
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  • OVERSEAS
    • Article
      Lock icon Dock strike blamed for record deficit
      905 2 NO NEW UNDERLYING FACTORS NYT WASHINGTON, Tues. The two-month-old East Coast and Oulf Coast dock strike was primarily to blame for the United States' record US$3.l billion (557.4 billion) trade deficit for October, according to the Commerce Department's Chief Economist, Mrs. Courtney Slater. Wall
      NYT  -  905 words
    • Article
      Lock icon Pay freeze by UN chief sparks debate
      321 2 NYT UNITED NATIONS, Tues. A decision by Secretary General Kurt Waldheim has started a debate In the Secretariat over whether the United Nations must honour Its collective bargaining agreements and whether It can be taken to court If It does not. Mr. Waldheim
      NYT  -  321 words
    • Article
      Lock icon Nissan truck engines imported
      70 2 UPI TOKYO, Tues. Nissan Motor Co, Japan's No. 2 car maker, has started Importing 1,500 c.c. truck engines from Its subsidiary in Mexico, a Nissan Spokesman said today. The firm will mount the engines on Datsun trucks for exports to South American countries, he said. This
      UPI  -  70 words
    • Article
      Lock icon Queen's Rolls has yet to roll off
      518 2 Agencies LONDON, Tues. When the British motor industry decided to give Queen Elizabeth a Silver Jubilee present of a US$lOB,OOO (*****,800) Rolls-Royce limousine it forgot about its own biggest problem strikes. And so the Rolls will be represented only by an artist's impression
      Agencies  -  518 words
    • Article
      Lock icon French prices gain
      177 2 AFP PARIS, Tues. The French retail price Index rose by 0.8 per cent In October bringing the aggregate Increase for the first 10 months of the year to 8.3 per cent. Last year's increase was 9.5 per cent. Monthly price increases in August and September were 0.5
      AFP  -  177 words
    • Article
      Lock icon Giant oil firms may face $16b tax bill
      744 2 Washington Star WASHINGTON, Tues. Nint\een of the largest US oil cctipanlea face a potentially staggering US$7blliion (5516.5 billion) tax bill if the Internal Revenue Service changes Its stance on a controversial tax credit claimed as a result of taxes paid to foreign
      Washington Star  -  744 words
    • Article
      London trade centre will cost $86m
      223 2 A £20 million (SsB6 million) International Trade Centre Is to be built in London. When completed, it will be Europe's most modern and comprehensively equipped centre. To be situated In the heart of the City of London, Britain's international and financial centre, the com¥lex
      223 words
    • Article
      Lock icon Russians buy toys by the truckloads
      355 2 AP MOSCOW, Tues. Russia's biggest children store Is preparing for a holiday rush during which some of the cheapest toys in the world will sell "by the truckloads" for an expected US$6 million (Ssl4 million). Children's World, or "Detsky Mir in Russian, Is the
      AP  -  355 words
    • Article
      Lock icon US cuts fish quotas
      190 2 UPI WASHINGTON, Tues. Foreign fishing fleets operating off US coastlines will be allowed to catch 1.9 million tonnes in 1978, a reduction of 200.000 tonnes from this year's'level. The Commerce Department said the reduction Is necessitated by "changes In the amounts of some species that can
      UPI  -  190 words
    • Article
      CALAIS BECKONS TO BRITISH SHOPPERS
      455 2 DOVER, Tues. The number of English voices on Calais Rue Royale may not equal the French accents on London's crowded Oxford Street, but the Calais Chamber of Commerce believes it may be reversing the weekly flow of shoppers across the English Channel. Chamber officials say
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    • Article
      Lock icon A MASSIVE DOSE OF CAPITAL NEEDED
      164 2 Reuter ROME, Tues. Treasury Minister Oaetano Stammatl said Italy needs massive Investment from public and private sources to sustain its economic recovery. The government considers an extension of subsidies to employers on social security contributions, due to expire at the end of January, to
      Reuter  -  164 words
    • Article
      Lock icon Big names for Brandt's think tank
      85 2 Reuter UNITED NATIONS, Tues. Former government chiefs of France, Britain, Sweden and Chile have been chosen by former West German Chancellor Willy Brandt for his think tank on world economic problems. Messrs. Edward Heath of Britain, Pierre Mendes of France, Olof Palme of Sweden,
      Reuter  -  85 words
    • Article
      Chinese minister in Britain for trade talks
      300 2 LONDON, Tuea. China's Foreign Trade Minister Li Chiang arrived yesterday for talks with British ministers aimed at expanding trade between the two countries. He is the first Chinese minister to visit Britain in nearly five years and his trip comes when China is
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    • Article
      Lock icon Carter sets date for tour
      146 2 Reuter WASHINGTON, Tues. President Carter plans to leave on Dec 28 or Dec 29 on a major foreign tour that he postponed this month because of preoccupation with energy legislation. Administration officials said the trip, originally Involving nine countries, is to be split Into two,
      Reuter  -  146 words
    • Article
      Canadian GNP back on the growth path
      246 3 OTTAWA. Tues. Canadian real gross national Eroduct rose 1.3 per cent In He third quarter 1977 after a revised 0.3 per cent fall in the second. Statistics Canada said the growth in real output was second largest In the past 18 months. The
      246 words
    • Article
      Lock icon Kuhn Loeb and Lehman merge
      596 3 NYT NEW YORK, Tues. Lehman Brothers and Kuhn Loeb, two of the most widely known and oldest Investment banking firms on Wall Street, announced yesterday their intention to merge. The consolidation of Lehman, founded In 185Q, with Kuhn Loeb, founded In 1867, will bring together
      NYT  -  596 words
    • Article
      Ways to right lop-sided credit flows in US
      287 3 NEW YORK, Tues Credit flows in the (JS heavily directed towards consumption rather than productive credit, have created an inflationary bias in the economy. Limited partner of Saloman Brothers and investment banker Sidney Homer told life insurance executives that this years's credit
      287 words
    • Article
      Lock icon OECD nations on the decline
      723 3 UNEMPLOYMENT BAD Reuter AFP PARIS, Tues. The seven major Organisation for Economic Cooperation and Development (OECD) economies are sinking near to the worst average levels of performance seen In the decade before the 1973 oil crisis. Hudson Research Europe, the private forecasting body, said its
      Reuter; AFP  -  723 words
    • Article
      Lock icon BONN IS TOO AMBITIOUS
      299 3 Reuter BONN, Tues West Germany's state (Laender) economic ministers regard a Federal Economics Ministry forecast of 3 to 3.5 per cent real growth in 1978 as relatively ambitious since even a 3 per cent rise looks at present in danger. Bavarian Economics Minister Anton Jaumann said
      Reuter  -  299 words
    • Article
      Lock icon Aussie team in India
      67 3 Reuter AFP NEW DELHI, Tries. A visiting Australian business delegation had discussions here yesterday with Commerce Minister Mohan Dharla on prospects of production cooperation and Joint ventures for mining equipment between the two countries. The delegation hopes to Investigate the scope for Australia involvement In India's
      Reuter; AFP  -  67 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      271 2 <i|Saw JgSSk. CYCLE ft CARRIAGE LIMITED (Incorporated in Singapore) PROFIT ft DIVIDEND ANNOUNCEMENT The Board of Directors reports audited Group and Company turnover and profits as follows: SS'OOOt Years Ended 30th September 1f77 I 1*76 Turnover: Malqysia Singapore The profit before taxation and extraordinary items amounted to After depreciation of
      271 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      50 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Nov 29 at Singapore airport. Maximum Temperature 29.2* C Humidity 90 Minimum Temperature ».I°C Associated Humidity 99 Hour* of Sunshine 015 Rainfall in Millimetres .*..*1.8 J°t*| Rainfall for the Month 361.4 Total Rainy Days for the Month 20
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      238 2 SINGAPORE 5 3.00 PM Opening followed by Serbanika (Malay repeat) 3.30 Diary of Events (Malay) 3.35 The Mighty Amazon (repeat) 4.30 Intermission 6.05 Opening followed by Electric Company 6.30 flews in Brief 6.35 Last of the Wild Sea Lion 7.00 Samudra (repeat) 7.30 News and Newsreel (Malay) 7.55 Music at
      238 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      54 3 A PRESENTATION OF IMPECCABLE SIMPLICITY IN QUARTZ WATCHES -o OMEGA FEW THNGS IN LIFE WU OUTLAST SWISS CRAFTSMANSHIP From the Omega Quartz Collect.on: (1) 192.0030. (2) 196 0065. (3) 192 0028 Sole Agents: S.lvaroyal Pte Ltd. 626-630 Colombo.Court Building. Singapore 6. Tel *****2/5; 20-22 Jalan Tun Perak. Kuala Lumpur 01-03.
      54 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      564 3 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 False treacherous ground to us (5) 6 The snoring forties? (5) 9 One of a friendly crew evidently (7) 10 A departmental dab (5) 11 Amounts of current spending (5) 12 Something brewing? (5) 13 They don't know what they're talking about (7)
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  • COMPANY NEWS
    • Article
      Central Securities plans to expand
      442 4 CENTRAL Securities (Holdings) Is looking Into the possibility of expanding its activities in the rubber based industry. Datuk Loy Hean Heong, the chairman of its executive board, said this reflects the Importance the group attached to rubber. Datuk Loy was speaking at a ceremony during
      442 words
    • Article
      Sea View sees higher deficit of $1.56 m
      362 4 AGAINST the generally improved performance reported by mott hotels, in the Republic recently, Sea View Hotel continues to report dismaying results for the year ended June 30, 1977. In fact, the hotel reports a higher group deficit of $1.56 million, an increase
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    • Article
      Record results at C& C
      621 4 GROUP EARNINGS UP 68pc TO $39m TRUE t& its own optimistic forecast, Cycle and Carriage set record performances for the year ended Sept 30, 1977. Group pre-tax profit Jumped 67.7 per cent to a new record high of $39.35 million. Turnover, reflecting steep sales increases
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    • Article
      Hokushin listing
      56 4 HOKUSHIN Electric Works' US$lO million fiH per cent convertible bonds 1992 will be officially listed on the Stock Exchange or Singapore this morning. An SES statement says dealings will be on a ready basis only and the quotation of the bonds will be expressed as a percentage of
      56 words
    • Article
      Pernas confronts the challenges ahead
      1135 4 ON June 8, 1965, some 400 prominent Malay businessmen, professionals and politicians resolved at the end of the second Bumlputra Economic Congress in Kuala Lumpur that a national corporation should be formed to exploit the natural resources of the country. The late Tun Abdul Razak,
      1,135 words
    • Article
      Bid sends Diamond price up
      533 4 NEW YORK: When Kaneb Services, a coal and pipeline company, Indicated last Wednesday that It might exchange three of its shares for each of Diamond M. Company's shares, there presumably was disappointment In more than one board room. For that exchange would mean a price
      533 words
    • Article
      Temenggong Securities expects profit rise
      435 4 TEMENOOONO Securities expects group pre-tax profit to rise by 23.3 per cent to 52.13 million for the current year ending Dec 31, 1977. This is revealed In the offer document released by merchant bankers Baring Sanwa Multinational on behalf of Bowater (SouthEast Asia) which is
      435 words
    • Article
      San Holdings in the red
      32 4 SAN Holdings linaudited group pre-tax loss M 556,949 ($450,569) for the first six months ended Sept 30,1977. Parent company pre-tax loss $54,938 ($394,856) on nil revenue ($35,360).
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    • Article
      CHICAGO BOARD OPTIONS
      1562 4 November 28 Chicago Board Options Exchange volume was 93.856 contracts, up from 73,278 on Friday. OPTION JAN APL JLY STOCK Alcoa 40 4 1/2 Untrd Untrd 43 3/4 Alcoa 45 1 1/4 21/2 31/8 43 3/4 Alcoa 50 1/4 5/8 Nol 43 3/4 Alcoa 60 Untrd Untrd
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    • Article
      Wander to increase product range
      115 4 WANDER Ltd., the Swissbated manufacturer of Ovaltine, is planning to expand ita manufacturing activities in Malaysia and increase the range of products sold. Hie company's managing director Dr. R. Sohweiser who was in Kuala Lumpur recently held talks with Mr Alasdair Smith-Laing, the marketing director
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    • COMPANY MEETINGS
    • Article
      DIVIDENDS ANNOUNCED
      313 4 Current Ex Date Total for Total for payment Date payable the year previouayear Oriental 0%I Nov 6 NOV 30 6% 15% Rothmam 20% Oct 14 Nov 30 20% 20% Mentakab Rubber 11%I Nov 11 Nov 30 11% 25% Sime Darby 24% Oct 20 Dec 1 35% 20% Sime
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  • Page 4 Advertisements
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      206 4 Iced Cream. Harveys Bristol Cream. The best sherry in the world. Eastern Agencies Ifii TEMENGGONG To Shareholders in Temenggong Limited Recommended Cash Offer by Bowater (South-East Asia) Limited The Offer Document has been despatched on 29th November, 1977 to all Shareholders in Temenggong Limited. If you have not received your
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Paine chief cool to options plan
      499 5 NORTH AMERICAN COMPANIES Reuter PAINE Webber chairman and chief executive James Davant has expressed reservations about New York Stock Exchange plans for options trading. The exchange should concentrate on the Job it does best rather than diversifying its services, he said. Paine Webber president
      Reuter  -  499 words
    • Article
      Lock icon Go-ahead for suit against AT & T
      293 5 Go-ahead for suit against AT T Reuter THE US Supreme Court has cleared the way for the US District Court to resume its long delayed proceedings in the government's sweeping antitrust suit against American Telephone and Telegraph Company. The High Court refused to hear an AT T appeal challenging the
      Reuter  -  293 words
    • Article
      Lock icon Yes to fuel purchase
      113 5 Reuter THE Los Angeles Board of Water and Power Commissioners has authorised purchase of 83 million barrels of low-sulphur fuel oil for US$l.2 billion from Atlantic Richfield Co and Pacific Refining Co of Houston. The oil purchase, which would be the largest in the city's history,
      Reuter  -  113 words
    • Article
      Lock icon Syntex first quarter up
      123 5 Reuter SYNTEX Corp. has reported a 35 per cent Jump In first quarter earnings over the year-agoperiod, thanks mainly to sales of Its antiarthritic drug naproxen. Net profits for the quarter were $14.55 million, or 75 cents a share, up from $10.72 million, or 52 cents,
      Reuter  -  123 words
    • Article
      Lockheed bond facility
      63 5 LOCKHEED Corp plans a US$5O million one year renewable bonding facility for its Saudi Arabian projects, a spokesman for Kredietbank SA Luxembourgeoise said. The bank is sole manager and leader of syndication for the facility which should be completed by midDecember and is already oversubscribed. the spokesman
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    • Article
      Lock icon CNA predicted to pip Lorillard
      785 5 Reuter CNA Financial Corp could supplant Lorillard Tobacco as Loews Corp's biggest profit centre in 1977. president Preston Tisch said. Last year, CNA contributed about $48.69 million to Loew's profits, againt $79.05 million from Lorillard. Although Mr. Tisch declined to estimate profits for the full
      Reuter  -  785 words
    • Article
      Lock icon Salzgitter rules out use of mergers
      406 5 EUROPEAN COMPANIES FT THE state-owned Salzgltter group has ruled out mergers as a means of solving the crisis in the West German steel industry while simultaneously announcing a bigger loss for its own business year ended Sept 30, 1977. The group's clear policy statement
      FT  -  406 words
    • Article
      Lock icon HOECHST PROFITS DIP
      344 5 Reuter HOECHST attributed a fall in group pre-tax profits in the first nine months of this year to declining sales growth over the period, while turnover In October and November was down on the same year-ago months. Hoechst said Its world group pre-tax profits to the first
      Reuter  -  344 words
    • Article
      Lock icon Thyssen cash dividend
      249 5 Reuter Tnrsst'N, formerly August Thyssen-Huette. expects to pay a 5.50 mark cash dividend for the year ended Sept 30. 1977 after having paid an unchanged seven marks for 1975/76. A Thyssen spokesman said the dividend proposal is on an unchanged capital of 1.3 billion marks. A final
      Reuter  -  249 words
    • Article
      Lock icon Thames Board expansion
      803 5 FT THAMES Board Mills, a subsidiary of Unilever, is planning to triple the size of its high grade cardboard factory at Workington. Cumbria, with an investment estimated at £58 million. If the expansion goes ahead. It will be one of the biggest investment projects undertaken by the
      FT  -  803 words
    • Article
      Lock icon RENAULT WHITE TALKS
      98 5 Reuter REGIE Natlonale des Usuines Renault said in a statement it has had discussions with White Motor Corp of the US concerning possible common interests but has informed White that further discussions do not seem opportune. Earlier a Renault spokesman said Renualt held discussions with White during
      Reuter  -  98 words
    • Article
      Lock icon Review of monopolies
      83 5 Reuter THE British Government has set up a working party to review the effects of industrial concentration on the economy and to advise on possible changes In monopolies and mergers legislation. Prices Secretary Roy Hattersley said the enquiry stems from government concern at Increasing concentration of ownership
      Reuter  -  83 words
    • Article
      Lock icon Courtaulds loan
      71 5 Reuter COURTAULDS is to offer through Its Netherlands Antilles financing subsidiary. Courtaulds International Finance, a £20 million guaranteed loan due 1989. Coupon Is expected to be per cent and issue price will be fixed on or about Dec 7. Interest will be payable in dollars outside the UK.
      Reuter  -  71 words
    • Article
      Lock icon Esso Italiana cuts deficit
      168 5 Reuter ESSO Italiana said it has reduced Its deficit in 1977. but a spokesman could give no details of losses ahead of closure of the annual accounts. In 1976 Esso Itallana's operating loss was 109.8 billion lire which was reduced to 30.5 billion through revaluation of
      Reuter  -  168 words
    • Article
      Lock icon Ato-Chimie buys Rousselot stake
      153 5 Reuter «T9=F has bought 251,655 shares or 41.5 per cent of Rousselot on the bourse, the Paris Stockbrokers Association said. The shares were bought at 549 francs each from the shareholders group controlling Rousselot, the association said. Ato-Chlmle has undertaken to acquire at the same price
      Reuter  -  153 words
    • Article
      Lock icon EIB £25m Eurobond
      125 5 Reuter THE European Investment Bank is raising a £25 million 15-year Eurobond with a coupon of 9'/, per cent. Credit Suisse White Weld said as lead manager that In the light of yesterday's market conditions pricing will probably be at a discount. A purchase fund which, if
      Reuter  -  125 words
    • Article
      Megal plans mark issue
      39 5 MEGAL GMBH-Mittel-Eu-ropaeische Casleitungs-Ge-sellschaft of Essen plans to float a 150 million mark Eurobond led by Dresdner Bank on Wednesday, primary market sources said. The planned issue will be Megal's first mark bond, the sources added.
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    • Article
      Lock icon Fisons plans to raise £10m
      109 5 Reuter FISONS plans to raise CIO million by way of a Eurobond issue. Morgan Grenfell and Co said. The issue will have a final maturity in 1987 and the indicated coupon is 10 per cent. The bond is co-managed by Deutsche Bank and Union Bank
      Reuter  -  109 words
    • Article
      Lock icon Leyland strike ends
      51 5 Reuter PRODUCTION of Mini and Allegro cars at British Leyland's Longbridge plant returned to normal on Monday after a strike by vehicle testers ended, a Leyland spokesman said. The dispute started on Thursday night when the men walked out in protest at the dismissal of a colleague-
      Reuter  -  51 words
    • Article
      Lock icon Getty shows interest
      199 5 ASIAN COMPANIES Reuter GETTY Oil and Westinghouse International of the US have expressed interest In exploring for uranium in the Philippines, Energy Secretary Oeronlmo Velasco said. Getty Oil, which sent a technical survey team here last April, is expected to sign a service contract for uranium exploration
      Reuter  -  199 words
    • Article
      Lock icon China Provident expects $40 m
      111 5 AFP CHINA Provident Co. has estimated that barring unforeseen circumstances its consolidated group profit this year will not be less than HKS4O million. Last year's net profit was $18.2 million and the anticipated "rather dramatic increase" in earnings this year is largely attributable to profit
      AFP  -  111 words
    • Article
      Lock icon Oil companies asked to cut output
      115 5 Reuter THE Abu Dhabi Government asked the two major oil companies operating in the country to cut production by about 15 per cent next year to a maximum of 1.35 million barrels a day, oil industry sources said. The sources said the Abu Dhabi
      Reuter  -  115 words
    • Article
      Lock icon Matsushita profits will decline
      108 5 Reuter MATSUSHITA El.ectrlc Industrial Co will suffer a net profit decline for the first half-year ending May 20. 1978 from 23.18 billion yen In the same period this year, due mainly to the sharp yen appreciation. According to company president Toshihlko Matsushita. the yen rise will
      Reuter  -  108 words
    • Article
      Lock icon Iran National negotiates with Volkswagen
      92 5 Reuter IRAN National Industrial and Manufacturing Company is negotiating a car production deal with Volkswagenwerk, the Iranian morning Ayandeghan newspaper said. It said agreement was expected to be reached soon for a plant with an annual production capacity of 300,000 Volkswagen cars to be established
      Reuter  -  92 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      94 5 November 1977 This announcement appears as a matter of record only SULU AGRO INDUSTRIAL DEVELOPMENT CORPORATION US $6,583,162 PROJECT FINANCING x Guaranteed by NATIONAL INVESTMENT AND DEVELOPMENT CORPORATION U553,400,000 TERM LOAN Managed by MORGAN GRENFELL (ASIA) Limited Provided by Banque Beige Limited Bank of British Columbia Chartered Merchant Bankers Midland
      94 words
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  • Article
    Share Information Service
    2399 6 Gr'» Gr'» Net 1 1977 Last div Div y'M P/E Vol Day Hich Low Company Sale +OT- c'vr (•000) High Low SECTION ONE INDUSTRIALS 154 134 Acma 138 12.0N 1.8 8.6 6.4 204 165 Alcorn 165 10.0 0.5 6.0 20.0 11S 58 Allied Choc 102 -3 20.4
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  • Article
    Transactions in Singapore
    1307 6 BID and offer prion officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of •hare* traded shown in hracketa in lota of 1,000 units unless otherwise specified. All Time Settlement Contract* are quoted after the word "Sett." Bin Board
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  • Article
    In Kuala Lumpur
    1473 6 Bll» and offer prim officially liMrd and business in and reported to the Kuala l.umpur Stock Exchange yesterday with the number of aha res traded shown in brackets in lott of 1,000 units unless otherwise spec Tied. INDUSTRIAL* A|in«m*t* (2 12B). Alcsm il 658) Alt.. Hold (0
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  • Article
    Stock options
    76 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 $1.90) (0.548 O.SOS). (Dec $2.90) (0.168 0.205). (March $2,301 (0.20B) lnchcape
    76 words
  • Article
    Unit trusts
    151 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Minaim' price for Not 30) (Curreat p rice*) The Commerce 1.77 1 88 INCOME BOND 1 06 1.14 The Saving Fund S pore Prog Fund S pore Security Fund S pore Invest Fund 106 0.83 162 1.01 1.12 0.88 1.72 1.07 MARA
    151 words
  • Article
    CORPORATE BONDS
    160 6 B O T Floating 1984 (100.000) (98 J «B 98 7 »S) BOTH 1/2* 1981 (100,000) (100 J «B 101'4S) B O T 7 VB% 1984 (100.000) (97' «B -^J) LTIBJ 1982 (100,000)(98*«B 99'«S) Credit Lyonnais Floating 1983 < 100,000) (97' ,B 98S) ÜBS ConverU 6 1/2% 1991
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  • Article
    GOVERNMENT BONDS
    127 6 Kep Spore D Mark 7% 1982 (100.000) (1028 102 J «S) Kep Spore 6 1/2% 1983 (100.000) (101HB Kep Spore 7 3/4% 1987 (100.000) <99'*B 100 J «S) 4 3/4% 1/5/79 (250,000) (100.458 100.60S) (2) 100.51 5 1/4% 15/10/79 (250.000) (101.008 101.20S) (4) 101.05 5 3/4% 1/6/78-80 250,000)
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      Page 6 Advertisements Column 1
      519 6 BUSINESS TIMES Airline Directory Aeroflot Soviet Airline* 110-112 Show Centre, Orchard Rood, Singapore 9 (Tel: 377.111) Air Ceylon 302-B, 3rd Floor, Marina House Shenton Way, Singapore (1) (Tel: *****88) Ground Floor, ICS Building, Shenton Way Singapore 1 (Tel: *****11) Air India 16th Floor, UIC Building, Shenton Way, Singapore 1 (Tel:
      519 words
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  • Article, Illustration
    SIN CHEW SPARKLES
    679 7 SIN Chew Jit Poh chalked up a fantastic premium on it* debut in a quiet and ■lightly easy market on the Stock Exchange of Singapore yesterday. After opening at $2.23, the share raced to the day's high of $2.50 in brisk trading. It dipped to 52.47 at
    679 words
  • Article
    TRADING ON KLSE LIGHT
    392 7 SHARE prices continued to show a mildly easier trend in light trading on the Kuala Lumpur Stock Exchange yesterday. Price movements were generally narrow and losses restricted to a one or two cent margin on most fronts. A few stocks, however, had appreciative gains on scattered
    392 words
  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      429 7 HONOKONO: Share prices closed little changed in quiet trading, on lack of Incentive and with the Brussels textile talks still overhanging the market, dealers said. The Hang Seng Index rose 0.03 point to 418.16. Some buying support was seen for selected stocks In late trading. Among leading shares Hongkong
      429 words
    • Article
      Tokyo
      469 7 TOKYO: Share prices closed higher in active trading with investors welcoming the cabinet reshuffle, dealers said. The Dow Jones average rose 27.06 to Close at 4.849.56 with volume of 260 million shares. The New Index close at 362.90. up 1.25. Active selective buying spread over many sections on hopes
      469 words
    • Article
      Sydney
      505 7 SYDNEY: The market turned firmer on renewed confidence the Government will win next month's general election, dealers said. The Sydney All-ordlnarles rose 5.72 points to 435.81. Among industrials, BHP gained 10 to 5.32. CSR 15 to 2.99 and TNT three to 97 cents, and banks were also firmer, with
      505 words
    • Article
      Manila
      159 7 MANILA: The market closed easier, with turnover rising to 3.78 million pesos from the previous 2.98 million dealers said. Atlas and Phiiax lost three points each and other mining issues declined slightly, while in oils Traas-Aaia fell two points and others eased fractionally. Han Miguel lost two points while
      159 words
    • Article
      Bangkok
      122 7 NOV Bah is Asia Fibre 280 -3 Bangkak Bank 391 -4 Bangkok Invest. 358 -14 Bangkok-Metro-politan Bank Bata BerhJucker 508 -14 Charoong Thai Wire 330 •3 Dumex DusttTham 320S Faber Merlin First Trust 342 -11 Oenera Finance 356S Indo-Thal Industrial Finance Corp 2185 -10 J And J Ho J98S
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    • Article
      Amsterdam
      323 7 AMSTERDAM: The market firmed In quiet trading and Royal Dutch led Dutch Internationals 0.80 guilders higher, dealers said. Elsewhere shares were higher with isolated exceptions. Hal was unchanged among transports where Ommeren led gains to close 4.50 up. NMB fell 0.20 in banks while IHC and Bijenkorf were also
      323 words
    • Article
      Brussels
      148 7 BRUSSELS: Share prices closed mixed to lower In quiet trading, bourse sources said. Traction, Asturienne, FN, UCB and Mosane tell while Hoboken, Cockerill and Cometra were little changed. UK mixed, Dutch higher and French lower. Gold mine shares rose with the London bullion fixing. i Petrofina and Its US
      148 words
    • Article
      Frankfurt
      353 7 FRANKFURT: Shares were mixed In quiet trading with buying Interest limited to only a few shares, dealers said. In steels, Kloecknerwerke rose 2.30 marks and Thyssen, which said It expects to pay a lower cash dividend in 1976/77 rose 0.80 marks. GHH rose 5.20 and Metallgesellschaft four marks. The
      353 words
    • Article
      Milan
      183 7 MILAN: Stocks were mixed In quiet trading, bourse sources said Generate Immobiliare rose to 85.50 lire against Friday's 79 lire after agreement on a new salvage plan Olivetti Privileged and Anic were leading Industrials to show moderate gains while both Pirellis, Fiat, Snia Viscosa and Montedison were lower Sifa
      183 words
    • Article
      Paris
      403 7 PARIS: The market was lower in quiet trading, depressed by the franc's weakness on the foreign exchange market and 1/8 point rise In call money, dealers said. Share prices were also affected by a poll published in the dally Le Matin showing the soclallst-communlst alliance still likely to dominate
      403 words
    • Article
      Zurich
      298 7 ZURICH: The market closed generally steady In qule.t trading with buying restrained by the renewed dollar (all, dealers said Swiaaair Bearer partially recovered recent losses, while among leading banks Kreditan•talt eased and Leu Improved. In financlals. CerlikonBuehrle Bearer firmed, but Its registered stocks closed barely steady. Among little changed
      298 words
    • Article
      Jo'burg
      379 7 JOHANNESBURG: Gold shares were firmer In quiet trading on both local and overseas Interest following higher bullion advices, dealers said. Gains ranged from five to 75 cents. Financial minings were marginally higher in line with producers. Elsewhere. De Beers finished two cents up at 527 Asbestos shares were about
      379 words
    • Article
      Toronto
      309 7 TORONTO: Share prices closed higher In active trading. The composite index was up about two points and advances outpaced declines22s to 186. The gold fndex climbed more than 35 points on firming bullion prices. Gold producers Dome Mine* at 65 and Campbell Red Lake at 36 rose 2'» and
      309 words
    • Article
      New York
      1080 7 NEW YORK: Stocks, higher near the opening and mixed much of the morning, were solidly lower In moderate afternoon trading. Analysts said profit-taking was the main cause of the decline, noting that the market had closed higher for five straight sessions They also said news the US trade
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    • Article
      Indices
      67 7 FINANCIAL TIMES INDUSTRIALS Monday .464.5 Friday 466.0 Week Ago 475.3 DOW JONES AVERAGE INDUSTRIALS Monday 839.57 Friday 844 42 Week Ago 836 11 LONDON DOLLAR PREMIUM Monday #7* to 98% Friday 97 to 97W H.K. HANG SENG Monday 418.13 Friday 420.54 Week Ago 422 40 SYDNEY INDUSTRIALS Monday 374.10
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      555 7 For complete banking services, call: knit ef Aifwnci Clifford Centra 24 Refflet Place 322) Am C«miw«nl Banking Corpn Ltd 104/10* Road rfaTsSo.2: Alien Fairfifc-I<nk AG o»ii<ia« Union Shopping Cantra, Mananina Flm> 50 CoMyor Quay BangkVk Sank M 33/55 Maw Bridge Rood Bonque Nattanala De Pern o<erteot Union Shopping Cantra CoMyor
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  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      400 8 THE SINGAPORE rubber market yesterday opened Unchanged despite slightly lower London advices but later advanced half a cent on demand for forwards 4hd short-covering Interest, dealers said. Prices rose with December RSS One buyers closing the morning at 205.00 cents per kilo, up 0.50 cent
      400 words
    • Article
      Closing prices
      28 8 Rubber: Nov 29 Singapore: December 205.50 (up 1.00 cent) Malaysia: December 205.50 (up 1.00 cent) Tin: $1,781 (down $15) Official offering: 270 tonnes (up 40 tonnes)
      28 words
    • Article
      RAS PRICES
      411 8 -PRICES In cents per kilo yesterday: Noon Close (per kilo) (per kilo) xnt I R S S prompt f o b Buyers Sellers Buyers Sellers 204 50 205 5ftN 205 25 206 25N Int. 1 RSS Dec 1977 205 00 205 50 205 50 205 75 Int 1
      411 words
    • Article
      SSR AND SMR
      118 8 NOON SSR and SMR prices yesterday: HAS December January (Current Mth) (Forward Mtht I Buyers Selleri Buvera Sellers I 'SSR 20 (cents per kg) (cents per kff) (1-ton pallet) 198 50 200 50S 199 50 210 50N l SSR 50 •MRELB (l-lqn pallet) 196 50 108.SON 197
      118 words
    • Article
      Hongkong comex
      380 8 HONGKONG. Tues. Trading In sugar futures remained dull and the market lacked Interest in line with the overnight quiet trend In New York, dealers said. July was untraded, while other months fell 0.03 to 0.12 US cents. Turnover was unchanged at 11 lots, mostly done near the close,
      380 words
    • Article
      Produce exchange
      428 8 THE SINGAPORE produce market remained quiet yesterday. Prices held slightly steady as both buyers and sellers stayed reserved. No demand was forthcoming for black pepper. White pepper traders received no pressure from outside sources to cut down their prices. There was some exporter buying on overseas consumer accounts.
      428 words
    • Article
      Coffee
      349 8 LONDON, Tues. Terminal coffee opened slightly easier. L4l to 116 down from yesterdays close. Volume was 182 lots. The biggest fall .was in spot November where trade liquidation was noticeable ahead of tomorrow's expiry. Other months were proportionately lower where commission house scale-down support was evident. Dealers said trading
      349 words
    • Article
      Palm oil
      83 8 C.I F Rotterdam. US dollars per ton LONDON Malaysia 5 ffa bulk Jan Sumatra 5 ffa Nov Dec Jan Feb March April Nigeria 5 ffa bulk Sumatra Nov Zaire (Belg francs per kilo) Wedne«da\ 477 sir 550 sir 497 50 sir 487 50 sir 477 50 sir 457
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    • Article
      Sugar
      244 8 LONDON, Tues. Sugar futures finished the first call with losses from Monday night of C 0.50 to 10.85 per tonne. The London daily raws price eased ll to £104 while whites were unchanged at 1109. Dealers said the result of today's Syrian buying tender for two cargoes of whites
      244 words
    • Article
      Straits tin
      217 8 THE STRAUS tin price in Penang yesterday was down MSIS to $1,781 per plcul on an official offering up 40 tonnes to 270 tonnes. Values fell due to higher volume of tin concentrates supplied by miners for clearance at the end month, dealers said. In LONDON, yesterday tin
      217 words
    • Article
      Cocoa
      434 8 LONDON, Tues. Cocoa K) fell the t'4o limit In near il December after 33 minutes e of trading and the market n closed for the mandatory 15 y minutes. Futures had opened £1 to ie £11 higher, then fell n abruptly. Volume at the call n totalled 227 lots
      434 words
    • Article
      Rice
      206 8 BANGKOK, Tues. Indicative prices for rice quoted here todav were: (In US dollars per tonne fob basis Bangkok I Whit* Rice: 100 pet Ist class 319. 100 Kt 2nd 305. 100 pet 3rd 299. 5 pet 289. pet 270. 15 pet m 20 pet 2#4. 25 pet 257. 35
      206 words
    • Article
      Soybean
      149 8 CHICAGO. Tues. Soybean futures yesterday accelerated their decline near the close to finish with net losses from 19** to 12*« cents a bushel. As in corn, commercial hedge selling appeared to be covering the past five days, instead of the usual three days, traders said. Brokers also noted commission
      149 words
    • Article
      Wheat
      108 8 CHICAGO, Tues. A late wave of selling yesterday pushed wheat futures to close at the day's lows, down 7-1/2 to six cents. Brokers said the decline, which had held around four cents net through much, of the session, accelerated In the final minutes as sell stops were triggered. Commission
      108 words
    • Article
      Copper
      338 8 LONDON, Tues. Copper wire bars finished the morning showing losses of £4 per tonne for cash and 14.50 for Three Months. Values were shaded on the pre-market following the downturn at New York, poor physical demand and lower gold this morning, dealers said. The lack of followthrough to yesterday's
      338 words
    • Article
      Silver
      231 8 LONDON, Tues. Silver lost 3.0 pence per troy ounce all round. The decline In gold and the downward drift In base metals prompted early liquidation although shortcovering was encouraged around the lower levels following the constructive bullion dealers' fix. Only 30 lots changed hands. On Monday, silver on the
      231 words
    • Article
      Gold
      360 8 r, THE KILOBAR In h Singapore yesterday opened i- at 5512,267 and closed e higher at 5512.286 a In London, the metal opened at U*****.35/65 and E closed at U*****.50/80. a The London morning fix t was U*****.85. down $1.75 j from the previous fix. e Source: Singmas s
      360 words
    • Article
      Lead
      104 8 LONDON. Tues. Lead ended the morning ring £3.25 down for cash and £3 lower for Three Months. Dealers said this market was easier overall with values initially depressed by lower copper and a subsequent attempted rally being reversed by trade hedge selling. Three Months traded in a range of
      104 words
    • Article
      Zinc
      106 8 LONDON, Tues. Zinc was t'2.75 down for cash and C 2 lower for Three Months. Quiet conditions existed for most of the morning with prices drifting slightly lower under the influence of copper and lead. Three Months traded from £296 50 dowm to i 295 per tonne. Ring sales
      106 words
    • MONEY AND EXCHANGES
      • Article
        Singapore
        584 8 THE YEN continued to weaken against the US dollar in yesterday's forex market, falling by nearly 200 points, but dealers a reported considerable reslsy tance at about the 242.00 y yen level. T The reasons attributed to l yen's continuing decline were a reported surge in month-end Imports Into
        584 words
      • Article
        Minimum lending rates
        58 8 ACBC 7 Firmt Chicago C'< Alfemmr Bank 7 Citibank i Bangkok Bank 7 HSBC 7 Bank of America 7 Indoauei 7 Bank of China 7 Malayan Banking 7 Bank of Tokyo 7 Mitsui Bank 7 BankNacara OCBC •S Indonesia 7 OL'B 7 Chartered Bank L'CB 7 Chaae
        58 words
      • Article
        Asian $ rates
        170 8 Asian rates I ASIAN currency deposit interbank raws as at close on Nov ay US Dollar* (Spoil Offer Bid 7 days 911/16 6 9/16 1 mth .7 6 7/8 2 mths 71/1# 615/16 3 mths 7 1/8 7 6 mths .7 3/8 71/4 9 mths .7 7/16 75/16 12 mths
        170 words
      • Article
        Discount
        48 8 RANGE of prices offered by discount houses on Nov 29 Overnight 3'«S Call deposit 3U Clause Buying .Selling J-Month Treasury bills 31/4 31/8 3- Month Bank bills 4 7/8 4 3/4 3-Month CD 5 7/16 55/18 8-Month CD 5 7/8 5 3/4 Source: National Discount Co. Ltd.
        48 words
      • Article
        Euro $ rates
        142 8 Euro rates LONDON. Tues. Eurodollar deposit rates were steady in quiet trading, dealers said. Among periods One Month eased to seven. 6-7/8 per cent on a loss of the Friday dealing technicality. Most other positions were virtually unchanged with One and Two Months slightly firmer. Dealers report slight rollover business
        142 words
      • Article
        Frankfurt
        51 8 FRANKFURT exchanges opening quotes on Nov 29: US 2 21(10' 70 fan x mt:m so st* 4 n.«7 ih:< f» M-n m S Fr 103 22/ 32 Lit 2 530/ 538 F Kr 45.70 80 N Kr 41 05/ 15 MtranilW 153 HKr i inn >ai 14.1 til "hi»*itu
        51 words
      • Article
        New York
        197 8 NEW YORK. Tues. The large US trade deficit reported yesterday morning was the major determinant of dollar rates, as the unit lost further ground against major currencies in nervous activity. Early in the session, the dollar was quoted somewhat firmer on speculation that the trade deficit would not
        197 words
      • Article
        London
        209 8 LONDON. Tues. The r dollar recovered against most currencies in relatively active opening trading as operators bought back dollars sold after the announcement of the record US October trade deficit yesterday, dealers said. The dollar recovered to 2.1504/14 Swiss francs from a record low close here yesterday of 2.1415/30
        209 words
      • Article
        Hongkong
        124 8 HONGKONG, Tues. The US dollar closed firmer against the yen and continental currencies in moderate trading as endmonth book-squaring and profit-taking after its recent decline aided a small recovery, dealers said. The US unit firmed to 241.35/55 yen from New York's 240.05/15 close but was below Tokyo's close of
        124 words
      • Article
        Tokyo
        70 8 TOKYO. Tues. The dollar for overnight delivery closed at 241.90 yen, up from a 240.35 opening and 240.00 at yesterday's close, dealers said. No central bank intervention was detected, the dealers said. Combined spot trading volume was US$353 million. Forward dollar rates firmed on increased import covering, with volume
        70 words
      • Article
        Australia/NZ
        61 8 AUSTRALIA/NZ exchanges quoted on Nov 28 AUSTRALIA US dollar 1 1337/1 1289 Sterling 0 6260/0 6192 Ninety-day air mall buying rates Sterling 0 6389 US dollar 1 1622 Ninety-day forward buying rates Sterling 0 8220 US dollar 1 1268 NEW ZEALAND: Sterling 0 5509/0 5479 US dollar 1 0042/0
        61 words
      • Article
        Zurich
        64 8 ZURICH exchanges closing quotes on Nov 28. US 2 1400-1420 Stf 3 9047-9094 Can 1 9349-9367 D Mk 98 90-98 D Ft 89 56-80 F Fr 44 27-31 B Frtconv) 6 1523-1587 D Kr 35 15-18 N Kr 39 94-96 S Kr 44 87-91 I.IT 0 2443-2446 Anv Srh
        64 words
      • Article
        Eurobonds
        374 8 LONDON. Tues. Trading in the Eurobond market was light to moderate, dealers said. Straight US dollar bonds rose by up to 1/8 point while mark bonds held steady In routine trading. Eurobond prices quoted on Nov 29 Straight. Bid ()fr Nippon Fud Bank 7% 82 DSM (Holland) BNDEf Brazil)
        374 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      166 8 9r-V Don't let the language barrier stop you from wider contacts m- u .nit** 3 V I od IV-> te \o \N rO le^ 1 o° v*° I S V>° S Je«° E555D \e^ 4^ v 1 t'A YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travel
      166 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon Investment pays off for Oman
      1491 9  -  Br STEWART DALBY FT PERHAPS IN no other field has Oman's modernisation programme been as spectacular as In communications and economic infrastructure. It is now possible to take a flight on any one of 14 international airlines to Seeb International Airport. Once through the modern
      FT  -  1,491 words
    • Article
      Lock icon FAA accused of wasting taxpayers money
      511 9 NYT WASHINGTON. Tues. The Federal Aviation Administration (FAA) has been operating in a slipshod, highly questionable manner for years In several areas, the chairman of the House Government Activities and Transportation sub-committee charged yesterday. John L. Burton. D-Callf., made the charges as the sub-committee
      NYT  -  511 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      628 9 ARRIVALS Service Local Operator Number Time From TMA TL304B 0530 TPE MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0850 PEN MAS MH607 0900 KUL MAS MH671 0945 PEN/KUL SIA SQ103 1015 KUL PAA PA847 1025 SFO/HNL/GUM GIA GA980 1030 HLP
      628 words
    • Article
      Lock icon Tighter security measures for India's vital spots
      397 9 AP NEW DELHI, Tues. Prime Minister Morarjt Desal's Government has ordered tighter security on the Indian railways and at power stations, communications and other vital Installations. The move followed a series of accidents and fires that some authorities attributed to sabotage. They variously
      AP  -  397 words
    • Article, Illustration
      IN PORT
      451 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Centaur (1330 after Primera Peak) 42/43 Chung Ming (HOXH) (0600 after Samson) 23/24 Dalhaku Maru (JJYH) (0600) 19 Federal Lakes (after Temeralre) 3/4 Frotabelra (after Morshansk) 1/2 Kalkoh Maru (Car Carrier) (0700 35/36 Mul Kim (VPJJ) (0700) 27/28 Nedlloyd Klmberley (after Ayuthla) 10/11
      451 words
    • Article
      Lock icon London freight market
      187 9 AP LONDON. Tues. Grain. South African maize and Mauritius sugar trades all reflected a generally steady tone yesterday, while quite active weekend timechartering bolstered otherwise rather thin fixture lists. In the Great Lakes, the •'Urania C." Received $20.50 (FIO) for a 15.000ton December 3-12 grain shipment to
      AP  -  187 words
    • Article
      Lock icon Concorde's S'pore date
      143 9 Reuter LONDON, Tues. British officials were confident today that Concorde services between London and Singapore would start on Dec 9 as scheduled although two countries on the route were opposed to It. A British Airways (BA) official said: "As far as we are concerned, we firmly expect
      Reuter  -  143 words
    • Article
      Lock icon Coat for camels
      62 9 Reuter LONDON. Tues. Strapping reflecting waistcoats on camels which stray on to desert highways at nljeht can save them being killed by cars, says British actor Simon Ward. He has helped set up a business trying to export the coats to Arab countries. "It's an ecological venture."
      Reuter  -  62 words
    • Article
      Far East freights
      1208 9 THE market has been slow, but more and more fixtures are being done for the first quarter of 1978. For example, a 25/ 30.000 ton bulker Is required for late Dec. *77 with delivery In Indonesia, to carrv grain products, with redelivery in the Bordeaux-Hamburg range. There
      1,208 words
    • Article
      Last of the big ones
      120 9 TOKYO, Tues. A 500.826deadwelght ton Ultra Large Crude Carrier (UIXXT), virtually the last such mammoth tanker built In Japan, has been completed and delivered to Its owner, Esso Tankers Co. of the US. The Esso Pacific was built at Arlake Yard of Hitachi Shipbuilding and
      120 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      289 9 Youthful Activities even at your prime years Pollen-B is a unique food supplement made from natural bee-collected pollen known to legend as the secret of lasting youth.' It contains 11 vital cell-generating enzymes, 14 important vitamins, 11 minerals and 19amino-acids. Just one tablet a day taken regularly and continuously, it
      289 words
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  • Article, Illustration
    Lock icon Slowing down the Japanese juggernaut
    1526 10 Prime Minister Takeo Fukuda of Japan has formed a new cabinet specially geared to cope with massive trade problems, specifically a huge surplus in its trade with the US and US demands that this surplus be trimmed as soon as possible. LEROY POPE paints some
    UPI  -  1,526 words
  • Article
    Lock icon The dilemma that is facing British manufacturers
    933 10  -  By LORNE BARLING FT LONDON: The undoubted success of British exporters this year, raising their volume by 10 per cent In the first three quarters, has been born of necessity, due to lack of demand In Britain. Conditions have also been favourable due
    FT  -  933 words
  • Article, Illustration
    Lock icon INCENTIVES TO CALM DISCONTENT
    868 10  -  By COLINA MACDOUGALL FT LONDON: Just one glance down a Peking sldestreet at the shabby housing and humble food stalls shows that China Is still. a long way from urban affluence. While families with more than one wage-earner can Just about manage to pay the bills
    FT  -  868 words
  • Article, Illustration
    Lock icon NOT MUCH ELSE TO DO IN RHODESIA
    1250 10  -  Rhodesia's recent apparently conciliatory moves towards African majority rule were prompted by dire economic necessity as much as anything else, as JOHN LEECH reveals: JOHN LEECH FT SALISBURY: In a televised news conference for local consumption, In the run-up to the visits of
    FT  -  1,250 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      57 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 million hardback copies since its publication and it is continuing to top the bestseller lists even
      57 words
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  • Article
    Lock icon Australia will recover at moderate pace
    501 11 Reuter MELBOURNE, Tues. The Australian economy Is expected to show continued moderate recovery during 1978, with a substantial slowdown In Inflation. In Its December quarterly economic review, the Commercial Bank of Australia said real nonfarm gross domestic product should increase by about 4 per
    Reuter  -  501 words
  • Article
    Lock icon Rural labour vital to development
    654 11 AFP KATHMANDU, Tues. The 26th Colombo Plan consultative committee meeting of officials was opened here today by the organisation's secretary general, Mr. 0.8. N. Pradhan. In his opening speech Mr. Pradhan emphasised the need for an "effective and well integrated rural development programme capable of
    AFP  -  654 words
  • Article
    LSE man to hold computer seminars
    109 11 AN AUSTRALIAN computer expert and lecturer at the London School of Economics, Dr. Robert Davenport, will conduct two seminars here next month. The first is on data analysis from Dec. 5 7 and the second is on distributed data base technology from Dec. 8
    109 words
  • Article
    Lock icon Seoul bid to boost trade with Taiwan
    234 11 Agencies SEOUL, Tues. Deputy Premier Nam Duck-woo will lead a 14-man South Korean delegation to the 12th Taiwan-Korea ministerial conference in Taipeh from Dec. 8-10. Mr. Nam, who is also the Economic Planning Minister, will confer with Taiwanese President C.K. Yen on issues
    Agencies  -  234 words
  • Article
    Lock icon EEC 'yes' to $908 m in soft loans
    248 11 Reuter BRUSSELS, Tues. Common Market overseas development ministers yesterday gave the go-ahead for soft loans totalling US$3B5 million (SS9OB milllion) to the world's 36 poorest nations. The aid is the European Common Market's share of the $1 billion "special action" agreed at
    Reuter  -  248 words
  • Article
    Auto-dialling makes it easier for drivers
    320 11 MOTORISTS with telephone sets in their cars will soon be able, to place their calls by merely pressing a button which will automatically dial a precoded telephone number. If a channel is not Immediately available, the facility, to be Introduced In the second half
    320 words
  • Article
    Lock icon Talks on fishing in NZ waters
    229 11 AFP WELLINGTON. Tues. New Zealand will hold important talks starting next week with two countries which want a major share of the 320 km fishing zone when final allocations of quantities are made next April. The first talks will be with South Korea opening
    AFP  -  229 words
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    Lock icon Decline in steel output reflects bleak prospects
    206 11 AFP Reuter TOKYO, Tues. Japan's crude steel production In fiscal 1977 ending next March is likely to falisllghtly below 100 million tonnes reflecting a slump In the domestic economy and deteriorating export prospects. Steel industry sources said production in the first seven months
    AFP; Reuter  -  206 words
  • Article
    ICI paints bright picture of the regional industry
    234 11 THE PAINT Industry in South-east Asia Is growing rapidly according to the chairman of ICI Paints Division, Mr. D. Henderson. Mr. Henderson, who is in charge of 37 plants In more than 30 countries, is here with Mr. E.W.N. Jackson, the chairman
    234 words
  • Article
    Lock icon Indian tea output up
    54 11 AFP NEW DELHI, Tues. Tea production in India amounted to 360 million kg in the first nine months of this year. Announcing this estimate, the United Planters' Association of Southern India said the output during January-September represented 'an Increase of 45.7 million kg over the corresponding
    AFP  -  54 words
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    Lock icon Banks rush to open in Seoul
    733 11 STRONG GROWTH POTENTIAL Agencies SEOUL, Tues. Foreign banks are rushing to South Korea, evidently attracted by good business prospects In the Korean economy which keeps up a high level of growth. This year alone, the British Barclay and Lloyds, the Arab-owned Bank of Credit
    Agencies  -  733 words
  • Article
    Lock icon Manila gives more to ILO
    394 11 Reuter MANILA. Tues. The Philippines pledged today to increase by 25 per cent its contribution to the International Labour Organisation (ILO) in response to an appeal to member countries for more money. President Marcos made the announcement when he opened the ILO 17th Asian Advisory
    Reuter  -  394 words
  • Article
    Lock icon Peking pact with Kuwait
    44 11 Reuter KUWAIT, Tues. Kuwait and China are negotiating an economic and technical cooperation agreement. A Chinese economic mission, which arrived here on Saturday, was discussing the proposed accord in talks with the Kuwaiti Foreign Ministry, officials said here today. Reuter
    Reuter  -  44 words
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      309 11 The first new idea in encyclopaedias in over 200 yean- Britannica 3, Britannica 3 does what no other encyclopaedia has ever done before: It serves the three basic needs of users in three distinct ways. That's what makes it the most useable reference work ever developed. That's why Britannica 3
      309 words
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    Lock icon MINISTERS MAY GO TO U.S.
    844 12 TOKYO PROPOSALS TO CUT SURPLUS Reuter TOKYO, Tues. Prime Minister Takeo Fukuda said today he planned to send one or maybe two economic ministers from his new Cabinet to Washington next month with proposals to reduce Japan's huge trade surplus with the United States. Mr.
    Reuter  -  844 words
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    Lock icon Quota snag holds up EEC pact with S. Korea
    726 12 Agencta BRUSSELS, Tues. With just over 24 hours of negotiations left, the Common Market and South Korea have run Into a final difficulty which Is holding up an agreement to limit Korean texUle exports to the EEC. Informed sources said today
    Agencta  -  726 words
  • Article, Illustration
    Gold-plated imitations that lose their shine
    297 12 IMITATION gold-plated orchids are giving a headache to the manufacturer of Rlsls orchids Setco, a wholly-owned subsidiary of Singapore Institute of Standards and Industrial Research (SISIR). The Imitations, passed off as genuine Rlsis orchids, have resulted In Setco receiving a spate of complaints by
    297 words
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    LONDON STOCKS
    804 12 LONDON, Tues. Shares staged a technical rally after re- cent falls although trading remained very thin, dealers said. Long-dated government stocks generally maintained occasional rises ofto in subdued trading, while shorts were mixed to easier. Leading equities had gains ranging to I6p and at 3 p.m. the Financial
    804 words
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    SIA must tap new markets to keep one step ahead
    230 12 SINGAPORE Airlines should Up new markets such as West Asia and the US if it is not to lose out to other national airlines. Making this suggestion yesterday, the president of the Singapore Hotel and Restaurant Association (SHRA), Mr. Lim
    230 words
  • Article
    Why firms still fight shy of turning to experts
    276 12 LOCAL firms are still resistant to outside management consultants for fear of outsiders coming to know their secrets. This point was made by Mr. W.T. Uttlng, chief exective of PA International Management Consultants Ltd, who said that multinational firms here and
    276 words
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    Lock icon Gatt shows the way to liberalise trade
    753 12 Reuter GENEVA, Tues. The developed world should allow its uncompetitive Industries to decline and concentrate its resources In technologically advanced areas, a study by the Secretariat of the General Agreement on Tariffs and Trade (Gatt) suggested today, the opening day of the two-day
    Reuter  -  753 words
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    LEONG HUAT INDUSTRIES
    70 12 1977 Ready Turnover ('000) Settlement Big Board Settlement Total Daily average Monthly Low High June July August Sept Oct Nov -to 25 54 3,484 1,484 1.801 2,245 Nil 521 682 524 640 NU 365 235 590 920 54 4,370 2,401 2,915 3,805 2.7 218 120 146 190
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    They need not pay double road tax
    313 12 CHARITABLE organisations which are full members of the Singapore Council of Social Service are now exempted from paying double road tax on their cars. Disclosing this last night, Mr. Ong Teng Cheong, Senior Minister of State for Communications, said that the relevant rules
    313 words
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    Merger approved
    141 12 APPLICATION for the merger of the Singapore Contractors Association (SCA) and the Singapore Building Contractors Society (SBCS) has been approved by the Registrar of Societies. They will merge early next year. The alms are to improve standards-in the contructlon industry and to encourage tenders for Joint ventures of
    141 words
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      265 12 If you know why, \ou would not resist an attractive offer of land in Canada. City of Longueuil is 19.5 sq. miles 60% land developed population 130,000 good link with highway substations. Land offered for sale is Cadestra 54-27 in the City of Longueuil situated 3 miles radius from Longueuil
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      115 12 State Bank of India India's largest bank ENTBtS SINGAPORE TO SERVE ASEAN State Bank of India begins operations today in Singapore with the opening of its first offshore branch in ASEAN. Backed by assets of US$9,OOO million and an international and domestic network of over 4,000 branches, State Bank of
      115 words