The Business Times, 10 January 1978

Microfilm: NL9611
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.<P) No. 218/1/78 TUESDAY, JANUARY 10, I#7B. 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Dollar climbs
      83 1 AP TOKYO, Mon. The US dollar climbed against the yen, helped by Import settlements ana by a boost In the US Federal Reserve discount rate. It closed at 241.875 yen, up from 240.825 yen on Friday. Gold declined slightly In Zurich and London, the principal European bullion markets.
      AP  -  83 words
    • Article
      Lock icon Longer freeze
      79 1 Reuter KUWAIT, Mon. President Carter has asked Saudi Arabia and Iran to freeze oil prices until 1980, the Kuwaiti dally Alslyassah said. During talks with the leaders of the two countries during his world tour, Mr. Carter argued that there Is a dally surplus of two billion barrels
      Reuter  -  79 words
    • Article
      Lock icon Maersk pays out
      82 1 AFP HONGKONG, Mon. The Danish owners of the container ship, Adrian Maersk, have paid HK$5 million (552.55 million) to 138 Hongkong fish farmers who suffered oil pollution losses when the vessel grounded here In September last year. There are 50 other fish farmers who have sought assistance
      AFP  -  82 words
    • Article
      Lock icon Confidence flagging
      69 1 Reuter NEW YORK, Mon. US business leaders are less confident than a year ago about the profits outlook for their Industries. According to a Conference Board survey, the businessmen continue to express concern about the US economy, with the board's overall measure of business confidence falling to 52
      Reuter  -  69 words
    • Article
      Lock icon Largest desalter order
      69 1 AFP TOKYO, Mon. Mitsubishi Heavy Industries of Japan announced today It has received an order from Aramco Overseas Co. of Saudi Arabia for the construction of the world's largest crude oil desalter, a device that eliminates salt .water from crude oil. Mitsubishi said the desalter, to be
      AFP  -  69 words
    • Article
      Undersea cable plan
      58 1 PRELIMINARY plans are underway for the construction of a $235 million Indian Ocean Commonwealth submarine cable. A TAS spokesman said that the plans are being formulated jointly by Singapore, Malaysia, India, Sri Lanka And other Interested Commonwealth countries. Also under consideration are two alternative routes Unking Singapore
      58 words
    • Article
      Lock icon Gold bullion ban
      40 1 Reuter KARACHI, Mon. Pakistan has banned the buying and selling of gold bullion by Pakistani banks both In and outside the country, with immediate effect, the Associated Press Pakistan news agency reported, quoting an official circular. Reuter
      Reuter  -  40 words
    • Article
      Lock icon Dow Jones
      80 1 UPI NEW YORK, Mon. Stocks plunged along a broad front today in reaction to the Federal Reserve Board's decision to raise Its discount rate and the spread of a hike to an 8 per cent prime rate. Trading was active. The Dow Jones Industrial average, which plunged 11.43
      UPI  -  80 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      129 1 Rises Most active Cooa Plant CAC 450 280 205 156 338 334 +4 +3 Pahang Consolidated 252,000 Robinson Perils Plant Tractor* Wntmi +3 +3 +2 +2 Haw Par Sin Chew Nanyang Press •4,000 •3,000 98,000 Island ft Pen 216 ♦2 Total Turnover: 1.67 M Dufi Drr 133
      129 words
    • Article, Illustration
      In Kuala Lumpur
      165 1 Foils Most active Malayan Tin Bhdl 1.00 S. Trading 5.85 O.C.B.C. 0.00 Pan-El ec 1.81 Supreme Corp 2.02 1.90 -.05 -.05 -.04 -.04 Pahang Con O. Lumber Supreme Corp Con. Plant 477,000 79,000 06,000 58.000 M. Flour 3.14 -.04 Total Turnover: 1.90 M Sime Darby 3.32 -.04
      165 words
  • Article, Illustration
    Export insurance to the rescue
    642 1  -  RUBBER EXPORTER PAID $1.4M By SOH TIANG KENG THE EXPORT Credit Insurance Corporation of Singapore (ECICS), which started business 17 months ago, yesterday paid its first claim of about $1.4 million to a local rubber trading firm. The rubber firm submitted the claim because of
    642 words
  • Article
    Lock icon CARTER YES TO APRIL DATE WITH FUKUDA
    262 1 AFP Reuter PRESIDENT Carter has agreed to meet Japanese Prime Minister Takeo Fukuda in Washington in April, according to Japanese government sources. In his New Year's message to the nation, Mr. Fukuda. indicated that he would visit Washington sometime this spring to have
    AFP; Reuter  -  262 words
  • Article
    New flare-up in airline price war
    668 1  -  »y SIVA ARASU THE first salvos have been fired In the latest battle of a never-ending fare war among airlines flying«to Europe. British Airways pulled the trigger when it started offering a two-tier fare as Its New Year present to travellers. Passengers on the
    668 words
  • Article
    MAS $60m swap
    256 1 THE Monetary Authority of Singapore will give $00 million to banks under its second swap facility to help them tide over liquidity problems for the Chinese New Year. This "anc pow" contains only half the sum it alloted to banks during the longer Christmas festive season Twelve
    256 words
  • Article
    Another two resign from Magnum board
    294 1  -  •y SUSAN SEVAN in K. LUMPUR TWO more director* have resigned from the board of Magnum Corporation, bringing total resignation* from the IS-man board to 1$ ■ince Nov 18. Theoe two resignations came despite an assurance just over a week ago from the then
    294 words
  • Article
    Times Pub and STP scrips
    365 1  -  •y GOH ENG KEE TIMEB Publishing and Straits Times Press (1975) yesterday announced higher earnings for the year ended Aug 31, 1977 and sweetened it with scrip Issues of two-for-flve and one-for-two, respectively. Despite a 5 per cent decline in turnover to $116.35 million. Times
    365 words
  • Article
    Lock icon Takeover of tin mining leases
    176 1 AFP THE SELANGOR state government will take over mining leases held by foreign firms once they expire. Mentrl Besar Datuk Hormat Rafle said in Klang yesterday the process would be done through Kumpulan Perangsang Selangor. a fully-owned company of the Selangor state government. Foreign firms
    AFP  -  176 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      25 1 Wiyfbong 3E& hand when Wayfoong Mortgage you need and Finance (Singapore) Liihjted It fllOSl Shaw House. Ground Floor. 354 Orchard Road. Singapore 9. Tel: *****7.
      25 words
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      Page 1 Advertisements Column 2
      43 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant IHJ jfij heiirv nnc rgeikies pte. no BRUNEI AGENT R£ i I ANCE 3ISTR>Bv TOR i, 44 B JAuAN CHtVALIkH BANDAR St Hi Bt j AV\ A SHUNfcI TEL *****
      43 words
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      Page 1 Advertisements Column 3
      29 1 KM) ETE eauper DOUBLE Cos boUe tor Pahanc ii i ,i iru#nt BCORI *880N is raliiii MEMO* AD. CROBBWORDB X. WEATHER, TV RADIO t, STRAWS IN WIND. BRWTOW 7
      29 words
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      3 1 {@~?))},\/"@./~>^{|!@"{?:%,\+(~ SEE PAGE S
      3 words
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      Page 1 Advertisements Column 5
      69 1 UJfe APS ELECTRONICS (PRIVATE) LTD &NGAP(JR€ T« *****4 (5 Lm«s> APS ELECTRONICS (M) SON BHD KUXLA LUMPUR Tel 03-*****0 A This Announcement appears as a matter of record only NEW ISSUE NOVEMBER 1977 <► THE SUMITOMO BANK LIMITED U5515,000,000 Negotiable Floating Rate U.S.. Dollar Certificates of Deposit Due 29th November
      69 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      PP complex gears up for regional role
      556 2  -  By RONNIE LIM PSA will have the largest warehousing complex In Singapore and possibly in South-east Asia in late 1979 when its $164 million Paslr Panjang wharves complex is ready. Reclamation works on the first Dhase of the project costing $92 million began
      556 words
    • Article
      MEMO PAD
      161 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Jan 4-23 7, 14 21 9-30 9-16 9/12/2 9-30 16-20 Managing Conflict in Industrial Relations The Effective Secretary Industrial Application of Operational Amplifiers Managers and Information Systems S.D. Module III Elements of Industrial Engineering Energy Management Module 1 Contractors and erection
      161 words
    • Article
      Lock icon Hanoi-Manila agreement for closer cooperation
      333 2 Reuter VIETNAM and the Philippines yesterday signed two separate agreements defining the framework for closer economic cooperation between them. The Foreign Office said the basic agreement on economic, scientific and technical cooperation was signed by Foreign Secretary Carlos Romulo and Vietnamese Foreign Minister Nguyen Duy
      Reuter  -  333 words
    • Article
      Telex code to Taiwan
      40 2 THE destination code for the automatic telex service to Taiwan has been changed from "85" to "789 the Telecommunication Authority of Singapore announced yesterday. For further details, telex subscribers can contact the international telex operator 12.
      40 words
    • Article, Illustration
      Tat Lee general manager to retire
      241 2 MIL William J. vu Bakel (•bow), general manager of Tat Lee Bank Limited, is retiring next week. Before joining Tat Lae Bank whan it began operations in 1974, Mr. van Bakel had been on the management of several banks in tbe United States and
      241 words
    • Article
      ABC to host chambers meeting
      153 2 THE American Business Council (ABC) will host a meeting of the Asla-Paclflc Council of American Chambers of Commerce (APCAC) here next month. APCAC represents American business opinions voiced through various member councils located In the Asla-Paclflc region. The chairman of the ABC-Singapore, Mr J. Roger
      153 words
    • Article
      Three seek textile pact with Hongkong
      711 2 HONGKONG and Finland have started negotiations for a new textiles agreement in Geneva yesterday. Similar negotiations with Sweden and Austria are tentatively planned for Jan 12 and 16. Previous bilateral agreements between Hongkong and these three countries expired on Dec 31 last year. There
      711 words
    • Article, Illustration
      More UOB drive-ins
      88 2 Tfc» United Overseas Banking Group has extended ita drive-in banking facility to two more brinrhw in Sincepore. The group's first drive-in bank is at UOB Building, Bonham Street. The service has been extended to the UOB Beech Road branch'* new premise* at Merlin Plus and the recently
      88 words
    • Article
      CHALLENGING TASK FOR MIC UNIT TRUST
      531 2 THE MIC Unit Trust Fund, set up by the Malaysian Indian Congress In August last year hopes to raise at least MSS million by the end of June this year. The fund Is to enable the Malaysian Indian community to increase their share of
      531 words
    • Article
      Appeals for more SANA volunteers
      144 2 THE Singapore Anti-Nar-cotics Association (SANA) is appealing for more volunteers to help in the rehabilitation of drug addicts. At the moment. SANA has about 500 trained volunteer counsellors working on cases. A total of 1,500 are needed to provide counselling services on a basis or
      144 words
    • Article
      SMA TEAM IN MANILA
      108 2 AN 18-MEMBER Singapore Manufacturers Association trade mission left for the Philippines yesterday on a promotion tour. Comprising representatives from 12 companies. the six-day mission led by Mr. Glno Qoblnd. managing director of EJectronlx Watches, is the first SMA product group (electronics and electrical) to venture out
      108 words
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      Page 2 Advertisements Column 1
      97 2 Kenwth Lo, tha »H.|mwii Chinaaa eoc wrHar, Mroducaa tha raadar to Km torhnlwn Chinaaa cooking, and gfvoa an Inatght Into unlqiM way of aatlng. Baginning with aknpto dtoh main couraaa, ha prograaaaa through m •oupa to daaaarta, ghring tha cook a wldar ra raclpaa to try. onea tha baatoa hava
      97 words
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      Page 2 Advertisements Column 2
      15 2 w REDIFFUSION A*/ </, h,. SV.OOO hift-1 it/Jar Hurlt-rs til *it ti*tal hifi o/lur t>rkt rs
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      593 2 THE TWO-IN-ONE CROSSWORD 2 CRYPTIC PUZZLE ACROSS 3 Belief in Adam? (5) 8 But, to a child, it'i less than all It Outwardly holy shrub (3) U Of diminished brightness (3) 12 A girl's numismatic specimens (5) U Diana's left to be frolicsome tU) a Bottom abode? (4) 24 Resort
      593 words
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  • OVERSEAS
    • Article
      Lock icon Britons rail against 15pc rise
      130 3 AP RAILROAD fares throughout Britain were increased on Sunday by an average of 15 per cent on the stateowned British Rail network, a year after the last raise. The increase originally was planned for Jan. 1, British Rail said. It was postponed after staff protests
      AP  -  130 words
    • Article
      Lock icon Retail stores tot up the score
      436 3 Reuter LEADING retail chains In the US scored a sales gain of Just under 20 per cent In the crucial five-week Christmas selling period between Thanksgiving and New Year's day. Gains ranged from 22.0 per cent for J.C. Penney to 10.8 per cent for
      Reuter  -  436 words
    • WORLD IN BRIEF
      • Article
        Lock icon BURNS CLEARS HOT AIR
        504 3 Agencies OUTGOING US Federal Reserve Board chairman Dr. Arthur Burns described as "premature" a Washington report that he would not stay on as a governor of the board at the end of the month. The Washington Post reported that Dr. Burns had confided to friends that
        Agencies  -  504 words
    • Article
      Lock icon ITALY MOVES INTO SURPLUS
      185 3 Reuter ITALY had a trade surplus last November of 246 billion lire (5565.7 billion), after a deficit of 464 billion lire In October. The November surplus, compared with a deficit of 624 billion lire In the same month in 1976 brought Italy's trade deficit for the
      Reuter  -  185 words
    • Article
      Lock icon Norwegian issues put investors in quandary
      434 3 NYT NORWAY, a top oilexporting country that nevertheless expects to run a balance-of-payments deficit this year, wants to raise a sizeable amount of ready cash in the international capital markets this week. Its borrowing will hand Investors an intriguing problem In Hoatlng exchange-rate finance.
      NYT  -  434 words
    • Article
      Poland is tops in coal expertise
      151 3 POLAND is assuming industrial importance in the world with coal being the key mining enterprise. In an era of energy shortage, Americans, British, French and West Germans have Joined a long, multinational queue to buy, borrow or swap the advanced technology the Poles have
      151 words
    • Article
      Lock icon Bankers doubt US ability to halt $ slide
      659 3 Bankers doubt US ability to halt slide BIS MEETING IN BASLE NYT AFP AS THE world's central bankers converged In Basle on Sunday for their monthly meeting at the Bank for International Settlements (BIS), skepticism appeared to be increasing about the ability of the US to arrest the dollar's steep
      NYT; AFP  -  659 words
    • Article
      Lock icon Root cause not removed says Bundesbank chief
      289 3 AP WASHINGTON'S decision to support the US dollar will probably stop the currency's collapse but will not remove the basic causes of its weakness. This Is the view of the president of the West German central bank. "These lie In the high deficit
      AP  -  289 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      159 3 Non-stop to New Zealand. Non-stop comfort. Non-stop service. Non-stop entertainment. There's only one way to get to New Zealand in one hop. Nonstop. The fastest way. The most comfortable way. Every Tuesday and Saturday. Air New Zealand takes you there. In wide-bodied DC-lOs. With non-stop service because passenger capacity provides
      159 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      240 4 OPENING quotations on the Singapore rubber market yesterday were marked up half a cent despite easier London advices on currency considerations. The market then rose gradually to touch a high of 201.00 cents for the current position on short-covering interest, speculative buying and reserve of
      240 words
    • Article
      RAS PRICES
      313 4 Price* in cent* per kilo yesterday Noon (per kilo) Cloae (per kilo) Int. 1 R S 8 prompt f.o.b. Int. 1 R.S S January Int. 1 R.S.S. February Int 2 R.S.S. UK/Cont int. 3 R.S.S UK/Cont. Int. 4 R.S.S. UK/Cont Int. 5 R.S.S. UK/Cont. Buyers 200.00 200.SO 1M.75
      313 words
    • Article
      SSR AND SMR
      87 4 NOON SSR and SMR prices yesterday: RAS January (CurratMtb) Buyer* Mln louparkc) 191.50 193.50N 189.50 191 SON February (Forward MU) Buy«r* Seller* SSR 20 SSR 50 (1—ton pallet) (1—ton pallet) 192.50 190.50 194.SON 192.SON MRELB February Mareb SMRSCV SMR SL SMR 5 SMR 10 SMR 20 SMR
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    • Article
      Closing prices
      26 4 Rubber: Jan 9 Singapore: January 199.75 cents (up 1.75 cents) Malaysia: February 201.00 cents &1.50 cents) $1,690 OflncTal offering: 235 tonnes (up 7 tonnes)
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    • Article
      Hongkong comex
      299 4 SUGAR futures trading was quiet and featureless yesterday with prices 0.03 to 0.09 US cents higher from Friday. The Hongkong dally spot sugar price rose 10 to 8.50 US cents. Cotton futures closed easier with prices 0.14 to 055 US cents below the Friday close. Cotton futures closing
      299 words
    • Article
      Produce exchange
      235 4 TRADING was quiet at the Singapore produce market yesterday. e l>per were wlll- buyers one or 0l,a below the ofPrices set by the Exc?f POre Chlne s < Produce Such a move was seen as tt e m P t by traders to conclude deals after more than
      235 words
    • Article
      Coffee
      70 4 TERMINAL coffee In London yesterday opened steady £2 to £19 per tonne higher in sales of 82 lots. Trading was light and centred on the first three positions where March traded with a £10 band. Dealings were well matched with no special features. Dealers said the steadiness was based
      70 words
    • Article
      Cocoa
      58 4 TERMINAL cocoa yesterday finished the first call In London £5 lower to £3.50 higher and held reasonably steady. Dealers said market talk suggested a Ghana purchase figure for the week to Jan 5 of just over 10,000 tonnes. The resale market of actuals was quiet with a further narrowing
      58 words
    • Article
      Sugar
      56 4 LONDON terminal sugar yesterday opened £0.50 to £0.20 per tonne above Friday afternoon's closing levels. Turnover totalled 234 lots. Prices held around steady opening levels to finish £0.85 up to £0.25 down. Turnover totalled 487 lots at mid-day. The London dally raws and whites prices were both unchanged at
      56 words
    • Article
      Rice
      162 4 BANGKOK rice prices were quoted as follows yesterday: (Price* in US dollar* per tonne fob basis Bangkok) Whit* Rio*: 100 pet lit class 305. 100 r't 2nd class 390.100 pet 3rd class 345 15 pet 317, 20 pet 314. 25 pet 312. 35 pet unq A-t WDer 245, A-l
      162 words
    • Article
      Silver
      63 4 SILVER showed losses of 1.4 to 1.5 pence per troy ounce In London yesterday. Prices were marked down at the outset of the premarket reflecting the New York close, dealers said. Subsequently, lower gold caused values to drift lower but the market held steady in the ring aided by
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    • Article
      Lead
      41 4 LEAD In London yesterday, closed with cash £0.50 lower and Three Months unchanged. Values were shaded on the pre-market In sympathy with the trend In copper but some trade buying mostly recouped losses In the ring. Sales were 1,900 tonnes.
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    • Article
      Zinc
      42 4 ZINC was up £0.25 for cash and down £0.50 for Three Months in London yesterday. The metal fluctuated narrowly in the absence of fresh incentives although modest covering held values steady in the ring. Sales of 1,875 tonnes were mainly carries.
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    • Article
      Straits tin
      108 4 THE BTRAITB tin price In Penangyesterday rose MSI to $1,690 per picul, on an official offering up 7 tonnes to 235 tonnes. The market ruled steady with a fractional gain on general buying interest especially from UB, Japan as well as local demand. In LONDON yesterday, tin closed
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    • Article
      Gold
      162 4 THE KILOBAR In 1 Singapore yesterday opened at 5512,885 and closed lower at Sf 12.843. In the loco London market, the metal opened at US$lBO.5O/80 and closed at U*****.30/80. The London morning fix was UBslBB.Bo, down $1.30 from the previous fix. Source: Siagmas Retail prices per tael quoted by
      162 words
    • Article
      Copper
      89 4 COPPER wlrebars in London yesterday finished the morning showing losses of mostly £1.50 per tonne. The market was very quiet throughout the session with most dealers awaiting possible fresh currency developments, traders said. Values were shaded in the ring under light liquidation in the absence of any note-worthy outside
      89 words
    • Article
      Lock icon Trading starts on an erratic note
      740 4 AFP THERE WAS a most erratic start to the new year on commodity markets In London last week following the sharp fluctuations in sterling's rate against the U8 dollar. Sterling's early strength brought a continuation of the recent downward trend in commodities, except gold,
      AFP  -  740 words
    • MONEY AND EXCHANGE$
      • Article
        London
        116 4 THE DOLLAR strengthened against leading currencies In opening trading yesterday. It advanced especially against the mark, moving to 2.1510/30 from an early 2.1410/30 and 2.1220/60 at Friday's close. Sterling held up relatively well compared with dollar's advance against other currencies, being quoted at USf 1.9175/90 after an early 1.9195/9215
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      • Article
        Tokyo
        72 4 THE DOLLAR for overnight delivery closed higher yesterday at 241.90 yen, compared with a 241.10 opening and 240.80 at Friday's close. Trading was active with volume $290 million. The dollar for immediate delivery closed at 241.65, compared with 241.55 at the opening and 241.08 at Friday's close. Forward dollar
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      • Article
        Singapore market
        454 4 THE US dollar yesterday went through another round of speculative pressures, but managed to hold firm to near opening levels at the local forex market. Against the Japanese yen It opened at 241.00/70 to strengthen marginally to 241.80/90. When London opened, however, the dollar lost ground to 241.00/10.
        454 words
      • Article
        Minimum lending rates
        46 4 ACBC 1 Algetncnc Bank 7 Bangkok Bank Bank of America Bank of China Bank of Tokyo 7 7 7 H8BC 7 1 Malayan 7 1 Bank Nafara OCBC •H h'll""l TlWI 7 W UCB 7. 7 DBS 7 7 L'MBC L'OB 7 7
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        Asian $ rates
        140 4 Asian rates ASIAN currency deposit interbank rmtas u at cloae on Jan (JSDoUi OOm 7 dan 1 mth 2 mthi 3 mthi t mthi mthi 12 mth> .71/16 .7 3/1# .7 3/16 .73/1 .711/16 .73/4 713/16 8». Ptl. (MiMltl 614/16 71/16 73/16 71/6 76/16 7 5/8 711/16 Dm. 1 mth
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      • Article
        Discount
        44 4 RANOE of trUm offend by dlxx nouaw on Jan t: Overnight t% to i%% Call dcpoMt 3%% Ctakf 3-Month Treasury Mil 3-Month Bank bull 3-Month CD •-Month CD 11/4 47/* S 7/14 ft 7/1 11/4 41/4 54/14 si/i Source: National Discount Co Ltd
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      • Article
        Hongkong
        77 4 THE DOLLAR closed around 2.1450/75 marks after earlier touching 2.1520/50 but still above New York's 2.1545/65 on Friday. It was quoted sharply higher at a nominal 2.0250 Swiss francs against 2.0040/80 In the U8 yet below an earlier 2.0300/400 level here in the morning. Ba^raU.ouoUdonJanS: UK 3.36/3.50 Burro 1.31/1.70
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      • Article
        Euro $ rates
        90 4 Euro rates LONDON Eurodollar deposit rates yesterday generally firmed following the Increase to 6* per cent from 0 per cent in the US discount rate announced on FridayThe move Is largely seen as supporting action for the dollar, dealers said. EurodoSar depoatta opantnf quota on Jan 9 Otwwaht ma. S-7/S
        90 words
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        Frankfurt
        42 4 FRANKFURT exchanges opening quotes on Jan 9: OS 2 1430/S0 (M 330/70, Can i eu/ao D PI 83 30/90 rr 103 33/73 Ut 1.43/43' rPT33.It/4S N Kr 41 13/30 B Pr (cwt) 3.417/331 B Pr (OD) 3 423/401 Ten 0 3010/30
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      210 4 THE STRAITS TIMES PRESS (1975) LIMITED (Incorporated In Singapore) FINAL REPORT For the year ended 31st August 1977 the Directors report: Turnover •Trading profit before taxation Investment income Taxation Net profit after taxation •After deducting amount written off intangible asset providing for diminution in value of trade investment and crediting
      210 words
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      Page 4 Advertisements Column 2
      242 4 Htn&s TIMES PHBUSNINfi BERHAD (Incorporated In Singapore) Final Report For the year ended 31st August 1977 the Directors report: 1977 Group S$ Company S$ 1976 Group SI Company SI Turnover •Profit before taxation Investment Income Taxation Net profit after taxation •After transferring to (releasing from) newsprint price equalization reserve and
      242 words
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  • TRANSPORT
    • Article
      Air France and the state spell it out
      465 5 AIR FRANCE'S long battle seems to be coming to an end. It has been fighting to have its relations with the atate its parent spelled out In clearer terms permitting it to operate with less ministerial interference. The government has said that
      465 words
    • Article
      Oriental Line
      153 5 ORIENTAL Line Is Incorporated In Tokyo. Linking the Far East with Southeast Asian ports, It provides six sailings a month In its service. Trade: Far East/ Southeast Asia. Ports of call: Southbound Japan, Hongkong, Singapore, Port Kelang and Penang. Northbound Indonesia and East Malaysia. Frequency of service: six
      153 words
    • Article
      Lock icon Aeroflot first-class
      89 5 AFP THE Soviet state-owned airline, Aeroflot has Introduced a first-class service for passengers willing to pay 20 per cent extra for quality food and speedy baggage handling. The Communist Party newspaper Pravda said the service was introduced on Jan. 1, six months after an overall 20 per cent
      AFP  -  89 words
    • Article
      Swedish shipping group to build up UK base
      419 5 A MAJOR Swedish shipping group is to rapidly expand its London base as a hedge against what It sees as an inevitable growth of trade Erotectlonlsm within the ommon Market. The vehicle for expansion for Salenlnvest will be Whltco (Marine Services), the
      419 words
    • Article, Illustration
      IN PORT
      437 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Alaskan Mail (1300 after Zaankerk and Selzan Maru hauls) 6/7 Black Whale (HBXE) (0800 after Baska) 29/30 Cherry VUJa (B. Barge) (0800 after Ocean Supply) 48 Ende (0700) 27 Harvest (OJKH) (after Dong Bee) 3/4 Kamfal (1500 after Fender repair) 45 Lumut (1500)
      437 words
    • Article, Illustration
      BA reintroduces cheaper freight
      397 5 BRITISH Airways has reIntroduced its low-price North Atlantic freight rates after modifications to meet US government objections. The aim Is to Increase by 50 per cent by December, the current 20,000 tonnes of freight the airline carries to the US. Earlier objections forced the airline to
      397 words
    • Article
      Lock icon Oil industry may call Louisiana home one day
      901 5 NYT PENNSYLVANIA Is where the oil industry of the United States was born, and Texas is where it grew up. But Louisiana may be where it settles down. The credit for that prospect lies with the economic realities of oil supply and
      NYT  -  901 words
    • Article
      Lock icon London freight market
      180 5 AFP OIL TANKERS of me-dium-site appeared to have fared best over the end-of-year holidays as the crudeoil price freeze reduced the need for large crude tonnage. In fact, for those Involving refined product movements, rates were pushed up substantially, noticeably In the Caribbean* The build up of
      AFP  -  180 words
    • Article
      Lock icon CONCORDE TALKS WITH AUSTRALIA
      121 5 UPI AUSTRALIAN Minister for Transport Peter Nixon will leave for London on Saturday for talks over the future of Concorde flights to Australia. Mr. Nixon said, "I will be having talks with the British Transport Minister Clinton Davis and senior government officials and airline representatives. "Subjects
      UPI  -  121 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      631 5 ARRIVALS Service Operator Number Local Time From CAL CI331 0040 TPE/HKO/KUL CPA CX003 0145 HKO TMA TL302B 0215 BEY/DXB/BOM/ KUL PAA PA005 0215 SFO/HKO MAS MH682 0610 KCH CAI CI806 1000 HLP OIA OA 980 1030 HLP SIA SQ209 1045 HLP OIA OA944 1055 PKU OIA OA
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    • Article
      Crane order for Norway
      238 5 A NORWEGIAN company, Moelven Brug. has won an 8 million kroners (853.44 million) order from Oovan Shipbuilders of Glasgow for 10 diesel hydraulic mobile deck cranes to be installed on ships the yard is building for Poland. For Norway's ship equipment industry the contract represents a
      238 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      146 5 Don't let the language barrier stop you from wider contacts \PI r 7a '-..v. **%s -'3 T* M r q» \\A^ 0 vN \e** I lV* e o° S tr* \0 \e vN t* I* o <& v,\e A s* »>•**»«• ¥3 i YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Zjtf
      146 words
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  • Article
    An eye-opener for all exporters
    499 6 GETTING CAUGHT for a payment of $1.4 million only seventeen months after starting In business does not at first sight look the best way to organise things. This is what has happened to the Export Credit Insurance Corporation of Singapore. In fact it may prove
    499 words
  • Article
    NTUC membership drive a flop
    326 6 THE NATIONAL Trade Union Congress's optimistic plans to raise Its total membership to 300,000 last year, announced In Labour News, the official organ of the NTUC, have flopped. This over-ambltlous projection, dreamed up In the excitement of last year's May Day celebrations, was Indeed far
    326 words
  • Article, Illustration
    Inmates find honest living behind bars
    1541 6  -  Br JOHN LIM THERE IS AT least one company In Singapore that has not been beset with the usual labour problems, such as Job hopping, labourmanagement disputes, and man-hour losses due to absenteeism. And although wages within the company have more than doubled, its
    1,541 words
  • Article
    One man's junk another's fortune
    686 6  -  »y SIVA ARASU COLLECTING ORIGINAL soundtrack albums is a sound investment in the Western industrialised nations where there Is a healthy market for them but Singaporeans, despite their susceptibility to so many other Western fads and trends, have surprisingly not cottoned on to this one.
    686 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      117 6 J Zy cnc sinQapura FORUM gl HOTEL «W mi QB-hi 586 Orchard Road, S'parc t. Tel: *****2 Pebble Bar Experience the unique expression of T&nla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally
      117 words
    • Advertisement
      Page 6 Advertisements Column 2
      117 6 405/407 Haveloek Road, B'pore S. Tel: 03W1 lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where The Rosebuds Band, Miss Mareeka (from Philippine), Sonny 6 The New Moonglows, and The Hl-Jacks treat you to a lovely evening of great sounds in just
      117 words
    • Advertisement
      Page 6 Advertisements Column 3
      153 6 Orachid inn "•n oasis In th« orient" 214 Dunearn Road, S'porc 11. Tel; *****2 Moby Dick (24 Hr. CotTm Howe) Whet your appetite with our wide variety of Inter-Continental food laid on our buffet lunch table dally from 12.00 3.00 p.m.. Weekdays: Adults $8.00 3% Children NJ.OO H 3% Weekends:
      153 words
    • Advertisement
      Page 6 Advertisements Column 4
      176 6 Cockpit ftiotel V 7 Oxley RW Penanf Road, B'pore 9. Tel: *****1 Chanticleer Restaurant Discover Singapore's most exciting new restaurant Taste the most mouth-watering masterpieces of European cooking, pre oared from only farm-freshest ingredients. Sip your choice of great wines and drinks In Chanticleer s unique olden days atmosphere. Make
      176 words
    • Advertisement
      Page 6 Advertisements Column 5
      132 6 m 9NGAPORE HLTON SSI Orchard Road, S'porc Tel: *****3 Top of the Hilton Amral's Trinidad Cavaliers January 10 31. Amazing sounds from steel drums, flaming Umbo dances done at the height of a soft drink bottle. A sensational performance for the whole family. Showtime: 12.45pm Luncheon Show and Caribbean Buffet
      132 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      61 6 WEATHER outlook for Singapore from 6 a.m. to noon today. Mainly fair. REPORT for 24 hour* prior to 7.30 pm on Jan 9 at the airport. Maximum Temperature 29.20° C Associated Humidity 77 Minimum Temperature 22.4° C Associated Humidity 100 Hours of Sunshine 2.55 Rainfall in Millimetres 30.5 Total Rainfall
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      235 6 RADIO SINGAPORE 3.00 PM Opening announcements followed by 'Flying Nun' (Repeat) 3.30 Diary of Events (English) 3.35 Afternoon Matinee 'Hush. Hush, Sweet Charlotte' (Part 2) Starring: Bette Davis, Olivia De Havilland, Joseph Cotten, Agnes Moorehead. 4.30 Intermission 6.05 Opening announcements followed by The Road Runner Show' 0 News in Brief
      235 words
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  • Article, Illustration
    Lock icon How you can step up productivity
    1543 7  -  DO THE Americans necessarily always do things better? This case study shows how one company, in the UK, learned that in fact, they often do. Too much argument over whether it is management or labour's fault that British industry is ailing has obscured more
    FT  -  1,543 words
  • Article
    STRAWS IN THE WIND
    706 7 THE SINGAPORE Corporation of Rehabilitative Enterprise (Score) has obviously achieved financial viability with Its captive prison labour (see John Llm's report on page 8, facing this column) what Is less obvious Is the fact that Score, set up In November 1975, probably benefited from the Incarceration
    706 words
  • Article
    SES defends its members
    609 7  -  Letter te the Editor NG SOO PENG NG SOO PENG CHAIRMAN, STOCK EXCHANGE OF SINGAPORE Dear Sir, First, may I take thia opportunity of thanking vou and your paper for the fine and well-balanced article by Mr. Soh Hang Keng (Page 1, Buaineaa Time*, yesterday) with
    609 words
  • Article
    A beneficial heritage
    1220 7  -  [rOBUM#ia ...on the CPF •y JOHN TAN OP ALL THE Institutions left-over from the colonial government, the most beneficial must almost surely be the Central Provident Fund, which has, at one go, given security to Singaporeans, built Mats for them, financed part of the government budget, and
    1,220 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      394 7 ])"=+:_%+*&-+<[!?&'=*}|(%;;$)-? HOTEL MERLIN SINGAPORE 7500 Beach Road. Singapore 7 Tel: *****11. MING COURT HOTEL Tanglin Road, Singapore 10 Tel: *****3. HOTEL MIRAMAR 401 Havelock Road. Singapore 3 Tel: *****2. HOTEL NEGARA 15 Claymore Drive. Singapore 9 Tel: *****1. OBEROI IMPERIAL HOTEL I Jalan Rumbia, Singapore 9 Tel: *****6. HOTEL PHOENIX
      394 words
    • Advertisement
      Page 7 Advertisements Column 2
      20 7 riant From the House of Banfi Riunite Lambrusco The best selling wine in the world now available in Singapore. m
      20 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      53 7 BriStcW: M not prr "rue Sfw>e DesK wc'S PHSIT He LOftS OtJ TM£ SeCOKp tpg R UMtLfc.. Ty-feN HE. U3P6 -I\*Cf«riV4 V4c UJRS £\*eN OH Tue "feMTH Foe ft BUT tmpo" UJRS JUST Before TH€ eezpx TRouey uoswsifcg or 'b% j A?T€R "THRT eveffcfcNC "Me CJMOI£. BO»U>ing toes SWORTjED PlfcOUfO
      53 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Prudential sees mixed results
      466 8 EUROPEAN COMPANIES THE new business results for the Prudential Assurance Company, the largest life company In the UK., for 1977 were a mixed bag. New sums assured on worldwide life business were a record £8.6 billion against £7.9 billion in 1976, but new annual premiums in
      466 words
    • Article
      Lock icon Fiat sets up firm
      97 8 Reuter TURIN: Flat said It set up a limited company to control Its steel activities, called Teksld capitalised at 370 billion lire. The firm will be chaired by Flat vice-president Umberto Agnelli. The move is part of Fiat's policy of decentralisation of group activities, which is
      Reuter  -  97 words
    • Article
      Leyland
      48 8 BRITISH Leyland said it has no immediate comment on UK press reports that It is close to deciding not to go ahead with the new mini car project. The reports said the company Instead favours developing a new medium-size car and continued production of the existing mini.
      48 words
    • Article
      Lock icon Volvo to receive aid
      228 8 Reuter VOLVO AB Dutch subsidiary Volvo Car BV said It w!U receive aid totalling 200.8 million guilders up to 1980, of which the Dutch state will provide 98.3 million. Volvo Car said the parent company will supply the remainder of the aid to cover losses estimated
      Reuter  -  228 words
    • Article
      Lock icon VW SALES RISE
      180 8 Reuter VOLKSWAGEN'S US sales subsidiary, Volkswagen of America Inc. said its 1977 sales rose 29.3 per cent over the 1976 figure. Volkswagen said it sold 260,704 cars In the United States last year, up from 201,670 In 1976. The company said it expects 1978 sales to reach
      Reuter  -  180 words
    • Article
      Lock icon Belgian loan
      90 8 Reuter BELGIUM is raising a 9.50 per cent eight year state loan at the end of this month for at least 50 billion francs, a Finance Ministry official said. Subscriptions will open on Jan 30 until Feb 14. The amount and price will be fixed a few days
      Reuter  -  90 words
    • Article
      Allied Chemical to close plant
      123 8 NORTH AMERICAN COMPANIES ALLIED Chemical said It will shut down its SemetSolvay division coke plant In Tonawanda, New York, following a fire on Dec 23 which injured one employee and resulted in heavy damage. The management's review of the fire damage showed that repair of
      123 words
    • Article
      Lock icon G & W offer
      94 8 G W offer Reuter GULF and Western Industries Inc said It will not extend the exchange offer for Its 5 1/2 per cent convertible subordinated debentures which expired on Friday. It said about $20 million principal amount of the debentures have been tendered to date. There are about $275 million
      Reuter  -  94 words
    • Article
      Lock icon Levi sales record
      78 8 AP LEVI Strauss and Company, the blue Jeans manufacturer, reported record sales and earnings for Its entire 1977 fiscal year. The firm said It earned US$29.B million, or $5.87 a share, on sales of $1.56 billion for the 12-month period ending Nov. 27, 1977. Net income climbed
      AP  -  78 words
    • Article
      Lock icon Marine Midland hopes rise
      622 8 NYT WALL Street sources say there have been a dosen share purchases by Insiders in Marine Midland Bank in the last two years. The latest reported purchase was made by cdward W. Dtfffy, Marine's chairman, who added 500 shares to his holdings on Nov. 9 at
      NYT  -  622 words
    • Article
      Texaco to improve plants
      98 8 TEXACO Inc said it has committed more than USBSOO million for construction and expansion projects at three petrochemical plants at Port Arthur, Port Neches and Conroe, Texas. The projects Include expansion of cyclo-hexane capacity at Port Arthur, conversion of two ethylene oxide units from air to
      98 words
    • Article
      Ford record
      37 8 FORD-WERKE AO, the German subsidiary of Ford Motor Co, said 1977 sales rose 15.9 per cent to a record figure of over 10 billion marks. Its share of the German car market fell In 1976.
      37 words
    • Article
      Lock icon Sears under pressure
      824 8 NYT NEW YORK: As the nation's b|ggest retailer, Sears, Roebuck and Co. Is truly a chunk of America. Its millions of customers cut across every income line, and Its more than US$l5 billion in sales account for more than 1.5 per cent of the Gross National Product.
      NYT  -  824 words
    • Article
      Lock icon CSR buys rest of Pyneboard
      80 8 ASIAN COMPANIES Reuter CSR said It agreed with Australian Paper Manufacturers to acquire for cash the 50 per cent It does not already own of Pyneboard Pty, which produces and markets particle board. Spokesmen for both companies said they were not disclosing the price paid.
      Reuter  -  80 words
    • Article
      Lock icon Hyundai facility
      270 8 Reuter A US$lOO million syndicated general purpose credit facility was signed in Hongkong for Hyundai Construction Co of South Korea, bearing an annual guarantee fee of one per cent and with a maximum life of four years and nine months, Citicorp International Group said. The facility Is guaranteed
      Reuter  -  270 words
    • Article
      Lock icon TEXTILE ALLIANCE SALE
      77 8 Reuter l TEXTILE Alliance said it has sold a property to the dairy farm Ice and Cold Storage Co, a wholly-owned Hongkong Land subsidiary, for an undisclosed amount. In a Joint statement with Hongkong Land, Textile Alliance said the property In Shatln totals 205,254 square feet. Toray
      Reuter  -  77 words
  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      354 8 HONOKONO: The stock market yesterday closed lower In dull conditions, dealers said Price falls were recorded across a broad front although most selling was confined to blue chips, thev said. Jmnttat MatWoa dipped 30 cents to HK111.20 while Hoag Koa« Baak Hcmg Kong both lost io to 16.00 and
      354 words
    • Article
      Tokyo
      366 8 TOKYO: Bhare prices closed slightly higher in mixed trading yesterday amid increased caution by investors following last week's rapid rise, dealers said. The market average row 5.35 clow at 4.994.73 with volume of 330 million shares. The Tokyo Stock Exchange Index cloaed at 372.26. up 0.56. Constructions, housings and
      366 words
    • Article
      Sydney
      327 8 BYDNEY: The stock market closed generally weaker yesterday In dull condition, dealers said. expectations of higher US interest rates and currency and commodity price uncertainties for the fall BHP dropped 14 cents to A*3.92 with banks steady to tower and second rank industrials weaker. Moat industrials and minings declined
      327 words
    • Article
      Manila
      63 8 MANILA: The (tock market closed yesterday lower with all r ra,e dec,,n,n Turnover fell to 1.73 million peto* from Friday'« 388 million AtUs lost tlx point* while other mining issues declined slightly In oils. OriMUl was down by two points Sea Mlgwl fell three points but other commercials were
      63 words
    • Article
      Bangkok
      98 8 JAM AM W fibre Bahu 266 .1 an -t 1 *ok Bant Hrt I tm Bata Bert Jucker I S04 -24 230 uncb Chan wm oont Thai Duait Than! Pater Martin Oencra Plnancc Into-Thai IS "jf* Industrial Plntoo* Core JAM Jataa J Ho aot *so no -m Cement SSI
      98 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      327 8 Sow boat from «*»**s M e /l *> T \i^s-^ <asBff CHINA TRADE QUARTERLY Far East Publications 1913. Hanglung Centre, Paterson Street, Causeway Bay, Hong Kong. Please enter my full subscription to Chine Trade Quarterly I am enclosing a cheque/money order for US$2OO.OO or equivalent in other currencies. p forward
      327 words
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  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      519 9 Now with new, broader coverage, more executives are going to be reading BusmessTimeswith mote interest. I l on a whole new look and attitude. With new strengths greater depth, greater judgement and more exhaustive fact finding. With new, broader coverage on a wider range of subjects relevant to all levels
      519 words
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  • Article
    Lock icon A Wall Street non-event brings great changes
    989 10 NYT WHEN fixed brokerage commission rates were abolished on May 1, 1975, some Wall streeters were quick to call It a non-event. Competitive rates, they said, would have little effect on the buslness-as-usual approach of the securities Industry and would, at best, reduce
    NYT  -  989 words
  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1110 10 BID aad rfhr price. officially Hated aad kuIMM la and reported to tke Stock Rxckaaae Winun yaof day with tfce number rf ikare* traded ikm ia bracket* t> eta at 1,880 eaita "i»l— othei «taa apoi iflid All tea Settiemaat Coatraeta ara stod5 tod after the world "Sett".
      1,110 words
    • Article
      Stocks options
      55 10 STRIKING prien rf tka stock optioaa officially lifted oa tko Stock Exchnnge af Singapore, tka period., bid and offer prioao and buaineea doao yootorday, with tko numbor ot option* traded akowa la bracket* bchcapo (March $2.18) (0.138 O.ISS) St Steamship (March $2.10) (0.986) U O B (March $2.U)
      55 words
    • Article
      Government bonds
      90 10 4 8/4% 1/8/79 (250,000) (100.538 100.888) 1/4% 11/11/71 (250,000) (100.958 101.158) V«% 1/8/78-08 (250,000) (101.00B) 4 1/4% 18/9/80 250,000) (99.258 99.506) 8/4% 1/12/80 250.000) (103.608 i T F 18/4/81 (250,000) (101.5(S) 8% T F 11/18/81 (250,000) (101.458 L B%TFI/i«8 (250,000)(98.96B 100.088) 7 1/4% 18/4/88 (250,000) (100.40B) 7 1/4%
      90 words
  • Article
    Unit trusts
    145 10 sincapou unit tbust INCOME BOND UNIT (Htmrn' trteee hrJu It) (Cmw pr baa) The Commerce 1.7* lit INCOMEBOND i at l.M The Bartnf fund ot 1.14 S'pore Prot fund S port Security 0 83 OH MABA BUMDtTBA FUND (Mmwr srtaae fcr J— M) Kind S port invest Fund
    145 words
  • Article
    In Kuala Lumpur
    1198 10 BID aad eflkr prtaoa eflMaßy liatad god kaaiaaaa la aad raipartodto the Kaala I Slack twrkaaja yaatoriai wMk tka aambw af akaraa traded ■kawa kabrackotaia lota 1,088 aalta aalni elhai aha •MowaraiAtj Alan (I.BBS l.MO) (1> I.M. tl» AimntU (2 IBB). A. ww« U ltß 1.1TB) (1)
    1,198 words
  • Article
    SHARE INFORMATION SERVICE
    2366 10 IS78 Hick Low Company Last Sale +OTOr'* <Uv Div e'w Gr'i Net jr'M P/E Vel Day (*888) High Lew SECTION ONE INDUSTRIALS 154 204 119 244 88* 205 109 270 422 144 IM 165 58 212 57* 1SS 149 182 350 91 Acma Alcom Allied Choc Bau
    2,366 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      157 10 COLLKTINQ Oriental Antiomej by Judith Moorhouse and Dries Blitz E3 Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive for the average collector. This myth Is perpetuated Dy
      157 words
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  • Article, Illustration
    Trading is generally easier
    760 11 SINGAPORE THE lifting of suspension in the trading of Pahang Consolidated shares by the Stock Exchange of SingaEs yesterday injected some into an otherwise lethargic market. Suspended since July 16, 1976, the Pahang shares were traded between a high of $1.56 and a low of $1.45
    760 words
  • Article
    Kuala Lumpur remains dull and quiet
    637 11 THE surprise resumption of trading in long-suspended Pahang Consolidated brought some Interest into an otherwise dull and quiet Kuala Lumpur stock market yesterday. Amid slightly easier trading conditions, the share surged strongly ahead In the morning session, opening at around the $1.53-54 level, from
    637 words
  • COMPANY NEWS
    • Article
      Big surprise for Pahang Cons shareholders
      1391 11  -  By CHAN BONG SOO LONG suffering shareholders of Pahang Consolidated received a big and pleasant New Year surprise yesterday when the stock exchanges in Singapore and Kuala Lumpur restored trading in the company's shares after a suspension of more than 18 months. It came
      1,391 words
    • Article
      London exchange not scrutinising Sime
      749 11 SIME Darby Is not under scrutiny by the London Stock Exchange over its controversial sale of warrants In Its subsidiary Consolidated Plantations (CPL) in 1976. This Is stated categorically in a telex message to Slme from the chief executive of the London Exchange, Mr. Robert
      749 words
    • Article
      Harrisons forestalls outside bid
      186 11 A SUCCESSFUL take-over by plantation managers and merchants, Harrisons and Crosflelds, of yet another company within its management stable, the £12 million Harcros Investment Trust, is being viewed as a major step to block any further outside bid approaches for plantation companies within the group, writes
      186 words
    • Article
      Patani shifts control to Malaysia
      117 11 PATANI Para Plantations Is to transfer control and management of the company to Malaysia on Jan. 11, following UK Treasury consent for transfer of the company's tax residence to Malaysia. The company became a subsidiary of Consolidated Plantations Limited when CPL acquired 90 per cent
      117 words
    • Article
      DIVIDENDS ANNOUNCED
      319 11 ii Ex Date Date payable Total far the year Total for prrrtonijrm Cold Storage Hldgs FfcN 7%I(k) 9*1 Dec 30 Dec 30 Jan 18 Jan 18 7*1(1) 8% 16.4%(a) 18% Killlnghall Jack Chta-MPH Kullm 300% 5%I(C) 10% I Dec IS Sept 19 Dec 8 Jan 18 Jan 19
      319 words
    • Article
      No EAI results
      249 11 ELECTRICAL and Allied Industries has told the Kuala Lumpur Stock Exchange that It Is unable to report any financial result for the half year ended Sept 30 1977 as a result of the fire last May which forced Its Petallng Jaya factory to cease operations. Although limited
      249 words
    • LATEST RESULTS
      • Article
        YEO Hiap Seng (Malaysia):
        29 11 Group pre-tax pro- fit M 15.07 million (11.69 million) for the year ended Sept 30, 1978. Sales $43.56 million (931.81 million). No final dividend (nil).
        29 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      140 11 Kingdom and for Turquand, Young and Co. In Kuala Lumpur. Tasek Cement Bhd has appointed Mr. Haruynki Ohu a director of the company with effect from Dec 13 1977. Mr. Shigsru Kawakami was named alternate to Mr. Ohta. Olenealy Plantation (Malaya) Bhd has appointed Mr. Lot Oi
      140 words
    • COMPANY MEETINGS
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      386 11 "■•'■BBa. **t 8 I I i Ui in IC()X A THE GREAT BOOKS OF WESTERN CMLIZATION These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built democracies,
      386 words
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  • Article
    First step to stable rubber prices
    740 12  -  PLANS FOR BUFFER STOCKS Br KADIR JASIN in Kuolo Lumpur NATURAL rubber producers are taking another big step by setting up the International Natural Rubber Council, which holds Its first meeting here today. At the top of the agenda of the three-day meeting Is
    740 words
  • Article
    Lock icon Bank of Japan eases bond trading
    183 12 Reuter THE BANK of Japan said It has decided to make Its buying and selling prices and volumes of bonds more flexible to facilitate operation. The central bank now buys and sells government and government-gua-ranteed bonds, Issued more than a year ago, at market
    Reuter  -  183 words
  • Article
    Midland cuts base rate
    104 12 MIDLAND BANK of London said it cut base lending rate to 8.5 per cent from 8.75 per cent and its deposit rate to 3 per cent from 4, effective today. Its rates last changed on Nov 30 1977, when base rate was lifted to 6.75 per
    104 words
  • Article
    WASHINGTON-TOKYO TRUCE IS IN SIGHT
    464 12 IT IS certain that Tokyo and Washington would solve their lingering trade dispute this week, Japanese External Economic Affairs Minister Nobuhlko Ushlba said. Mr. Ushlba said after meeting US deputy special trade negotiator Alan Wolff, "It has become certain that temporary economic friction between Japan
    464 words
  • Article
    NTUC to try harder
    383 12  -  •y RONNIE LIM THE National Trades Union Congress' plans to raise total membership to 300,000 by end-December have failed. Total membership was Increased by only one per cent, or 5,770, to 217,000 which accounts for only 42 per cent of the total 500,000 Singapore workers rated
    383 words
  • Article
    LONDON STOCKS
    684 12 LONDON. Mon. Prices closed mixed as government stocks advanced and most leading equities declined In quiet trading Some government stocks closed below highs with net gains in long-dated bonds between 1/4 or 3/8 alter being up 1/2 ahead of a possible announcement of a new tap stock. Shorts
    684 words
  • Article
    Bountiful grain harvests noted in Asia
    275 12 THK prMH—i of the Asiaa Mr Tbrofchi grata OMHrtrisT g*e» is growth psrfoi. ■aaoe daring the past two yxn, Mr. Ysshlde was spaahlag to Manila ta egricultoral exports fromAriaa tivas ef iataraatioaaTsHnaioations who wars gathsrfatf la nearby Lee Baaas Town hr a hilmi ta
    275 words
  • Article
    Sir Harold in S'pore
    57 12 SIR Harold Wilson, former Prime Minister of UK, arrived In Sliwapore yesterday evening for a four-day visit at the invitation of Prime Minister Lee Kuan Yew. He is accompanied by Lady Wilson. Sir Harold will visit Jurong Town Corporation today and will tour both the industrial
    57 words
  • Article
    Lock icon UK economic upturn is fraught with dangers
    401 12 UPI ALTHOUGH Britain's economic prospect* for this year are more attractive than (or some years past, there remain serious and inhibiting problems on the expected economic upturn. The London Chamber of Commerce and Industry's economic report yesterday said the improvement in Britain's financial
    UPI  -  401 words
  • Article
    Lock icon China achieves record GNP
    138 12 AFP CHINA sUNKaed its financial situation last year with a record gross national product that tor the first time in four years exceeded the forecast. The Communist Party People's Daily reported this success yesterday saylnc GNP tar 1977 was 6 per cent higher than expected in
    AFP  -  138 words
  • Article
    Lock icon Job situation in US likely to improve
    687 12 UPI Reuter THE Commerce Department forecasts an improvement in job opportunities in the US. Some industries will also make major sales gains this year despite a decelerating economy. The gross national product a dollar evaluation df all goods and services Americans produce will
    UPI; Reuter  -  687 words
  • Article, Illustration
    Swap a blow to gold
    265 12  -  •y COLIN CHEE A TOP London gold trading firm says It now seems unlikely gold will hit the US$2OO-an-ounce mark, for the moment at least. New Court Merchant Bankers (NCMB) said that right up to Jan. 4, market commentators were speaking of a significant increase
    265 words
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