The Business Times, 13 January 1978

Microfilm: NL9611
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.e.(P) No. 218/1/78 FRIDAY, JANUARY 13, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Dollar still weak
      73 1 AP LONDON Thurs. The US dollar was weaker against major currencies In nervous and hectic trading on Europe's money markets today. The pound was quoted at around U551.9585 In early trading but then fell to $1.9405 by mld-day against Wednesday's $1.9370. In Frankfurt the dollar dropped as
      AP  -  73 words
    • Article
      Lock icon End of gold pact?
      55 1 Reuter. TOKYO, Thurs. A two-year agreement by 10 advanced Industrial nations not to Increase the total volume of their gold reserves may not be extended beyond the expiry date of Jan 31. Finance Ministry officials said none of the signatories have so far expressed their desire
      Reuter.  -  55 words
    • Article
      Lock icon Food prices jump
      53 1 AP. WASHINGTON, Thurs. Sharp rises In food pushed the wholesale price Index up 0.7 per cent last month, nearly twice the November Increase. Food prices Jumped 1.5 per cent In December, marking the biggest rise in seven months and signalling higher prices In the coming months for
      AP.  -  53 words
    • Article
      Lock icon Sino-Japan pact
      92 1 Reuter TOKYO, Thurs. The Japan-China Association on Economy and Trade said its chairman Yoshihiro Inayama and other top-level Japanese business leaders hope to sign a new eight-year trade agreement with China some time in mid-February. In talks with Chinese officials last November, Mr. Inayama already reached a basic
      Reuter  -  92 words
    • Article
      Lock icon Firemen end strike
      56 1 Reuter. BRIDLINGTON, Thurs. The nine-week-old British firemen's strike Is over after the 39,000 men voted by 3-1 to return to work,on Monday. Fire Brigades Union (FBU) delegates voted to end the strike after their flooded conference hall at this gale-lashed seaside resort was pumped dry by an
      Reuter.  -  56 words
    • Article
      Lock icon Kuwait observes freeze
      50 1 AP KUWAIT, Thurs. Kuwait will abide by last month's Opec decision to freeze crude oil prices only for six months. Kuwaiti Oil Minister Abdul Muttaleb Kazeml said yesterday Kuwait will not resort to any unilateral action and will stick by any unanimous decision taken by Opec. AP
      AP  -  50 words
    • Article
      Lock icon Concorde hope
      55 1 AP NEW DELHI, Thurs. Prime Minister Morarji Desai said today that India will consider permitting the Concorde to fly over the country now that British Airways has agreed to pay for any damage the supersonic aircraft may cause. Mr. Desal discussed the Concorde last weekend with visiting British
      AP  -  55 words
    • Article
      Lock icon Dow Jones
      53 1 UPI NEW YORK, Thurs. Stocks headed higher early today as bargain hunters shopped anions severely depressed blue-chip Issues. Trading was fairly active. The Dow Jones Industrial average was ahead 2.26 points to 778.93 shortly before 11 a.m. Advances outnumbered declines, 568 to 362, among the 1,403 Issues crossing
      UPI  -  53 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      127 1 Rises Most active Cons Plant 476 +8 Pahang Cons. A Enterprises 245 +8 778,000 Sentoaa 199 +7 Haw Par 299.000 Tganu Dev 113 +7 Nanyang Press 127,000 BerjuaUi 740 +5 Sin Chew 97,000 OCBC 590 +5 Total Turnover: 2.65 M Straits Trading 555 +5 Total Value: S4
      127 words
    • Article, Illustration
      In Kuala Lumpur
      159 1 Rises Most active Consol Pit S«. Be si A. Hltam Tin ■Senlosa Tronoh 4.86 5.10 9.05 2.00 5.70 .10 .10 .10 .05 .05 Pa hang Con Supreme Cons Plant B. Ray a 1.098.000 437.000 161,000 160.000 Kr&mat 5.80 .05 Total Turnover: 3.40 M Supreme Corp 2. IB
      159 words
  • Article
    SIA reaps hard currency gains
    710 1  -  BORROWING STRATEGY PAYS OFF By JOHN TAN SINGAPORE Airlines' practice of borrowing in hard currencies has paid off handsomely for the company. Its two most recent borrowings, in yen and in Swiss francs, have to date given it a foreign exchange gain of $6.2 million.
    710 words
  • Article
    TOKYO AGREES TO EXPAND FARM IMPORTS
    317 1 THE United states and Japan yesterday appeared close to a formal settlement of their trade dispute. Basic agreement has reportedly been reached on the sensitive Issue of Increased Imports by Japan of American agricultural products. US special trade representatlve Robert Strauss, who arrived here
    317 words
  • Article
    Japanese issues are warming up
    426 1  -  ■r COLIN CHEE TRADINQ In three Japanese convertible bond issues which entered the market here last year Is picking up. The issues of Bumltomo Electric Industries, Hokushln .Electric Works, and Settsu Paperboard Manufacturing are faring well. Investors in these convertibles are in for some easy
    426 words
  • Article
    Rate hike unlikely
    359 1  -  ■y SOH TIANG KENG INTEREST rates here are not likely to be raised for at least another month. There are three reasons why Singapore banks have decided to put off another Increase though their counterparts In the U8 have raised their prime rate*. One of the reasons
    359 words
  • Article
    Move to involve consumers in new rubber pact
    309 1 THE aatural rubber producer agreemeat on price stabilisation will be terminated if a wider inter- national agreemeat, embracing consumers as i well, can be reached. This is one of tbe decisions reached by tbe Inter- national Natural Rubber t Council at tbe
    309 words
  • Article
    Restrictions on Pahang Consolidated lifted
    616 1  -  ly CHAN BONG SOO MUCH to the relief of those who had unwittingly sold short In the shares of Pahang Consolidated, the stock exchanges in Singapore and Kuala Lumpur yesterday announced that all the 38.4 million shares In the company would be treated as good
    616 words
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      Page 1 Advertisements Column 1
      13 1 SAFE WITH AN ITOKI SAFE immtsintuiL s*ngipor« 11 T« 2UIiM CM* auSMESTEMS Smgwon
      13 words
    • Advertisement
      Page 1 Advertisements Column 2
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      134 words
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      Page 1 Advertisements Column 3
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      46 words
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      Page 1 Advertisements Column 4
      227 1 @-,[=-,/[%:"?[+~(<")@;=="!=$[>* V K 1 r; rr\ S ,-vW-^ Wajftmg MAF. A kmJmf kmdw*—y— m—di "If only I had the money... John Tan, private businessman "If only he'd talk to us." Wayfoon# MAF Many a sound business venture chase to large capital loans, would never get off the ground if it
      227 words
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  • TRADE AND INDUSTRY
    • Article
      Strong support for Asean Trade Fair 78
      802 2  -  By JOHN TAN FIFTEEN companies from Singapore have agreed to participate in the Asean Trade Fair 78 which will be held in Manila from May 7 to 21. Other Asean countries have also Indicated strong support for the fair. So far 170 companies
      802 words
    • Article
      Lock icon Quotas not that bad
      518 2 AFP. Reuter. THE recent textiles agreement between Hongkong and the EEC Is not as thorny as originally thought. The Hongkong Director of Trade, Industry and Customs, Mr David Jordan, for instance, reported that his department has been able to provide manufacturers and exporters with quotas for
      AFP.; Reuter.  -  518 words
    • Article
      Emporium Holdings joins battle to go up market
      235 2  -  »y TSANG SAU YIN EMPORIUM Holdings has joined battle with Metro in selling higher quality products in the Orchard Road area. A day after Metro announced that It was going up market with Its new store at Lucky Plaza, Emporium Holdings director,
      235 words
    • Article
      GOODWOOD'S EXCLUSIVE WEST END CLUB
      134 2 THE Goodwood Park Hotel is opening Its West End Club on March 1. The club, situated In Its newly-renovated 19th Century Tower Wing, cost the hotel some $250,000 to furnish and can seat a maximum of 250 people. Hotel executives said membership will be limited
      134 words
    • Article
      ITB staff seminar
      53 2 THE Industrial Training Board will be holding a twoday staff residential working seminar on Jan 21 and 22 at Its Civil Service Staff Development Institute. To be opened by Mr. Herman Hochstadt, deputy chairman of the ITB, the seminar will establish a set of guidelines, recommendations and
      53 words
    • Article
      Lock icon High Aussie tariffs are uncalled for
      334 2 AFP, Reuter. AUSTRALIA'S high tariff protection trends are Isolating the nation from its Asian neighbours. Dr Marlon Oallls, an economist with the UN Conference on Trade and Development, said the recent decision by.the Australian government to protect for a further three years the textiles
      AFP,; Reuter.  -  334 words
    • Article
      Lock icon FAIR APPRAISAL OF JAPAN'S SUCCESS
      724 2 Reuter, AP. JAPAN'S export success, which has led to a burgeoning trade surplus with the rest of the world. Is not based on "unfair" business tactics, but on a better appreciation of world trade strategies. The current Issue of the Fortune magazine of New York
      Reuter,; AP.  -  724 words
    • Article
      Woodwool offers builders a choice
      609 2  -  ■y PETER CHIA THE BRICK industry will soon face competition from a $5 million factory set up In Jurong to produce a revolutionary building material called woodwool. In time, the company, Norvale, hopes to capture about 10 per cent of the local market for basic
      609 words
    • Article
      A profitable stopover
      249 2 SINGAPORE is profiting from British emigrating to Australia. Its strategic position makes it a popular stopover for parents and grandparents Journeying under the Australia and New Zealand Emigrant Family Association to see their families after long years of parting. The two to four-day stopover which costs no
      249 words
    • Article
      MEMO PAD
      162 2 COURSES AND TALKS DATES 1 TITLE LOCATION ORGANISER Jan SIM 4-23 Managing Conflict in Thong Teck Bldg. Industrial Relations SIM 7. 14 21 The Effective Secretary Thong Teck Bldg. 9-30 Industrial Application YMCA NPB of Operational Amplifiers Palmer Road NPB 9-16 Managers and Hotel Royal NPB Information Ramada
      162 words
  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      615 2 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 4 A flight. Just In cut 7 Would you be up tin pole to travel then? (I, S) I Ooonin outing? (4) 10 Incites a wild beast (5) 13 Anxiety about fare chance (4) 14 Inter-ga.tactic festival? (4) 15 Set the water afire? (4)
      615 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon Bonn has no further stimulus in mind
      557 3 Reuter. WBBT GERMAN Finance Minister Hut Apel said the government has no plans at tor further action to stimulate the economy. He aald, "We have put enough Into the cannon and we have fired It off." Referring to the latest tax relief a.
      Reuter.  -  557 words
    • Article
      Lock icon Yen bond issues plan by three nations
      266 3 Reuter. ."THE governments of Norway, Sweden and Argentina plan to float yendenominated bonds in the Tokyo market In April this year. Norway and Sweden will float issues of 25 billion yen (*****.5 million) each and Argentina one of 15 billion yen, Japanese securities
      Reuter.  -  266 words
    • Article
      Lock icon IMF gold auction
      49 3 Reuter THE IMF will auction 525,000 ounces of gold on Feb 1 via the common price, or Dutch auction method at which all successful bidders pay the same price. The minimum bid will be for 1,200 ounces, and the gold will be delivered in Paris. Reuter
      Reuter  -  49 words
    • Article
      Lock icon Bank refuses to be drawn over rate cut report
      607 3 Reuter. THE West German Bundesbank has no comment on a report In a Frankfurt economic newsletter that its president, Otmar Emmlnger had proposed a oneelnt cut In bank rate to 2V* r cent at the bank's council meeting on Dec 15.
      Reuter.  -  607 words
    • Article
      Lock icon UK borrowing falls
      307 3 Reuter BRITAIN'S central government borrowing requirement fell to £785 million (553.5 billion) in December from £1.07 billion In November and £875 million In November 1976. Treasury figures also showed basic government revenue unexpectedly buoyant and outstripping the rise in spending. Income tax rebates decided in Chancellor of
      Reuter  -  307 words
    • WORLD IN BRIEF
      • Article
        Lock icon ADDING FUEL TO THE FIRE
        558 3 Agencies. TEXACO'S 700 road fuel tanker drivers In UK have Joined other tanker drivers In a growing national pay dispute and rejected the company's latest pay offer. Already 2,200 British Petroleum (BP) drivers are threatening an overtime ban from Feb 1 In pursuit of a
        Agencies.  -  558 words
    • Article
      Lock icon Operators wait for investment $ premium to drift lower
      327 3 Operators wait for investment premium to drift lower Reter MAJOR operators In the British investment dollar market are playlag a waiting game in the expectation of the premium continuing to drift lower. Since the government abolished the 25 per cent surrender rule on Jan 1, the effective premium attracted by
      Reter  -  327 words
    • Article
      Lock icon BASLE MEETING NOT A FAILURE
      156 3 Reuter. SWISS National Bank president Fritz Leutwller said reports that the latest monthly central bank governors' meeting in Basle was a failure are completely wrong. He said that on the contrary progress was made In the talks which were harmonious and very constructive. The first
      Reuter.  -  156 words
    • Article
      Lock icon Foreign makes increase UK market share
      332 3 Reuter FOREIGN cars increased their share of the British market to 45 per cent last year from 38 per cent In 1970. The Society of Motor Manufacturers and Traders (SMMT) figures show total UK sales rose to 1.32 million, the highest since the 1973
      Reuter  -  332 words
    • Article, Illustration
      Lock icon Major Saudi switch in oil pricing policy
      771 3 U.S. DOLLAR OUT OF FAVOUR Reuter, UPI. SAUDI Arabian support (or replacing the dollar with a basket of currencies in olf pricing would represent a significant shift in the country's traditional position. Setting oil prices in special drawing rights, or some other mixture
      Reuter,; UPI.  -  771 words
    • Article
      Lock icon LOWER GNP FORECAST
      608 3 Reuter. US real gross national product growth will slow to 4.4 per cent this year from an expected 4.9 per cent last year. Bank of America in Its annual outlook also forecast that unemployment will fall to an average 6.5 per cent this year from 7 per
      Reuter.  -  608 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      175 3 What a trusted, efficient bank chose. im T* <V m m i i i s! i I II if! ;vn A T i w *^S2G r 3 'W/*, vs? 4 >» itffefe >' SBr wm ~4ff'4 A friendly concern for customers is the prime obligation in our bank. A friendly
      175 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      498 4 OPENING quotations In Singapore yesterday were marked down on lower London advices but later recovered on nearby demand and some speculative support. However, prices fell back again later when more sellers appeared. Freer offers of forwards up to October/ December also contributed to the softer
      498 words
    • Article
      RAS PRICES
      307 4 Prices In cent* per kilo yesterday: Noon (per kilo) nose (per kuo) Int. 1 R.S.S. prompt f.o.b. Int. 1 R.S.S. February Int. 1 R.S.S. March Int. 2R.S S UK/Cont Int. 3 R S.S. UK/Cont Int. R.S.S. UK/Cont Int. 5 R.S.S. UK/Cont. Buyers 204.00 204.50 205 00 201 50
      307 words
    • Article
      SSR AND SMR
      84 4 NOON 8SR and SMR price* yesterday: RAS FiWiinr ICutm Mtfc) Buytri Sailor* Muck (tanriMtt) (ceauperkf) (ea nuftrkg) SSR20 SSR50 (1-ton pallet) (1-ton pallet) 195.00 193.00 197.00N 195.00N 196.00 194.00 198.00N 198.00N MRELB SMRSCV SMR5L SMRS SMR 10 SMR 20 SMR SO (1-ton pallet) (1-ton pallet) (1-ton pallet)
      84 words
    • Article
      Closing prices
      30 4 Rubber: Jaa 12 Singapore: February 203.50 cento (down 1.00 cent) Malaysia: February 206.25 cento (down 0.75 cent) Tin: $1,730 (up $15) Official offering: 252 tonnes (up 4 tonnes)
      30 words
    • Article
      Rice
      202 4 BANGKOK rice prices were quoted as follows yesterday: (Prlcei in US dollars per tonne fob basis Bangkok Wbiu Rica: 100 pet ltt clan 386,100 r:t 2nd cUlm 350.100 pet 3rd clan 345. pet 336. 10 pet 320, 15 pet 317. 20 pet 314. 25 pet 312, 35 pet unq
      202 words
    • Article
      Produce exchange
      488 4 DULL trading conditions continued at the Singapore produce market yesterday *dtto prices holding steady at best. Pepper dealers were encouraged by the firm conditions in the New York ®*£kats 'or Lampong and white Muntok pepper. They were asking for prices at one and two dollars above the official
      488 words
    • Article
      Coffee
      306 4 COFFEE futures in London yesterday opened £12 to £25 per tonne down from Wednesday's close. Turnover was 212 lots with the official tone '•steady." Carry-over selling, combined with some hedge selling, took values Initially lower only to find underlying support at the lows. March lost £18 at £1,807 but
      306 words
    • Article
      Palm oil
      69 4 C.I.r. US dollar* per ton. LONDON: Malaysia 5* rfa bulk Feb Sumatra 5* f fa Jan Feb March April Ma»/ June Nigeria 5% rra bulk ROTTERDAM Sumatra Feb Zaire (Belg franca per klto) 502 Ilr US ilr 525,520 pd 507.30 pd 407.30/405 pd 475 pd unq 522 SOtlr
      69 words
    • Article
      Sugar
      196 4 TERMINAL sugar In London yesterday opened £0.25 to £0.80 per tonne down from Wednesday afternoon's closing levels. Turnover totalled 458 lots. Dealers said there was no fresh news and the opening call was very quiet with prices holding steady as sterling slipped back slightly against the U8 dollar. The
      196 words
    • Article
      Straits tin
      237 4 THE STRAITS tin price in Penanc yesterday firmed another Msls to $1,730 per picul, on an official offering up slightly by four tonnes to 252 tonnea. despite the fail on the overnight London Metal Exchange. The continued firm new of sterling against the Malaysian dollar coupled with further
      237 words
    • Article
      Duty rate
      67 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Jan 12 until further notice: Baibhar: 1M 75 cent* per kilo. Caen: SS4O 41 a ton. PaLa Kara*: (239 03 a ton. Tlx rata* of duties payable are: Rubhar 30-1/8 cent* par pound. Raaaarck Cam:
      67 words
    • Article
      Cocoa
      257 4 TERMINAL cocoa In London yesterday opened £7 to £2 per tonne up from Wednesday, night, a somewhat smaller rise than expected against New York due to early strength of sterling. Sentiment was unaffected by confirmation by the Ohana Cocoa Marketing Board of main crop purchases of 120.415 tonnes since
      257 words
    • Article
      Hongkong comex
      320 4 BUGAR futures yesterday closed slightly firmer in quiet trading, with gains ranging from 0.02 to 0.05 US cents. The market opened 0.04 to 0.07 cents higher but selling near the close restricted the gains. Turnover rose slightly to nine lots against six on Wednesday. The Hongkong dally spot
      320 words
    • Article
      Soybean
      91 4 80YBEAN futures closed mixed at the end of a light trade, down as much as three cents nearby and up as much as on® in deferred* in Chicago dn Wednesday. The market traded in a range of only five cents, lacking significant direction. Firmness In products provided some support
      91 words
    • Article
      Wheat
      56 4 WHEAT futures closed nearly unchanged with Sees cent a bushel lower 1 cent higher in Chicago on Wednesday. The market failed to continue its recent price advance and fluctuated in a narrow range without signi- ficant direction. Commercial selling multed in an easier tone before commission house buying provided
      56 words
    • Article
      Copper
      310 4 COPPER wtrebars finished the morning in London yesterday, with modest losses of £0.80 per tonne for cash £1 for Three Months. Values traded over a £5 per tonne range during subkerb coalings 1 On the pre-market. Three Months worked up from £672 to £677 reflecting the fluctuations in sterling
      310 words
    • Article
      Silver
      216 4 SILVER rose by 0.5 to 0.9 Bnce per troy ounce In ndon yesterday. The overnight gain* at New York, the early trend In sterling against the US dollar and higher gold hardened values in the premarket, dealers said. Subsequently, the metal was virtually neglected and prices held steady aided
      216 words
    • Article
      Gold
      426 4 I THE KILOBAR in 81nga- pore yesterday opened at 8613,082. After opening, the r market was bid up to 8613,110 before proflt- taking emerged and der i«!3 S S5 PrtCe# 10 a IOW f i In the afternoon, good i buying support appeared i and pushed the market to
      426 words
    • Article
      Lead
      45 4 LEAD furnished the morning in London yesterday with gains of mostly £0.25 per tonne. Three Months traded up •to £371 on the pre-market but values were shaded in the ring. Sales of 2,900 tonnes were about half carries. On Wednesday, lead was mostly unchanged.
      45 words
    • Article
      Zinc
      46 4 Zinc was about unchanged for cash and £0.50 lower tor Three Months In London yesterday. The market was relatively steady In the ring as short-covering mostly absorbed liquidation from Influential quarters. On Wednesday, sine fell by about £4.75 for cmah and £4 for Three Months.
      46 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        479 4 THE US dollar fell more than 100 points under selling pressure at the foreign exchange market yesterday. Dealers said that trading was hectic. Against the Japanese yen the dollar opened at 2.4000/10, though it managed to recover later with Central Bank support to 2.4050/70, and then to 240.80/90
        479 words
      • Article
        Minimum lending rates
        53 4 ACBC 7 pi Alternant Bank T Citibank 7 St Bangkok Bank 7 HSBC Bank of America 7 Bank of China Bank of Tokyo r T Malayan Banking Mitaui Bask 7 Bank Naeara Iniwirti T OCBC OCB «S Chartered Bank 7H UCB Chaae ManhatUn DBS 7 7 UMBC
        53 words
      • Article
        Asian $ rates
        115 4 Asian rates ASIAN eurr* rataa u at ck ncy tepoatt 1 a* on Jan 11 US Ml <Mhr nut-bank an (Spat) 7day* I nUi iMhl 3 BUM mUu (BtlM II mini 7V» Tl/M 71/4 7M 7 9/1$ 7 IV14 77/» 7IV16 Sw.Fn Das. 1 mth 1 mttw mthi Ilmtlu 11V14
        115 words
      • Article
        Discount
        44 4 RAMOE or prtcw offer count houan on Jan 11 Ownlfht IK% C*ll dcpoalt JS»H OnlBg *4 by dl»-3-Month Tmmuit Mlb 11/4 3-Month J 1/1 BuikUlk 4 7/1 4 3/4 3-Month CD »Vt 51/4 S-Month 5 a/4 5 VI Source: National Discount Co Ltd.
        44 words
      • Article
        Euro $ rates
        136 4 Euro rates LONDON Eurodollar deposit rates yesterday opened harder reflecting a rise in the Ted funds rate on Wednesday, to 6-7/8 per cent. Trading Interest was small with the renewed pressure on the dollar an Inhibiting factor. Time deposit rates were adjusted higher for the loss of a Friday dealing
        136 words
      • Article
        London
        266 4 THE DOLLAR opened yesterday sharply lower in quiet trading with sterling quoted at US» 1.9800/15 against 1.9405/25 overnight. The dollar weakness was in reaction to US Treasury Secretary Michael Blumenthal's statement that U8 intervention represented no basic change In policy. The dollar posted new falls against most leading currencies,
        266 words
      • Article
        New York
        172 4 THE DOLLAR on Wednesday closed sharply lower against major currencies, with sterling gaining about 2V> cents on the dav. Sterling closed at 1.9490/ 9520 against 1.9252/ 82 at the opening, and the Swiss MOO MUM Earlier, the dollar had edged somewhat lower on news that Saudi Arabia planned
        172 words
      • Article
        Hongkong
        146 4 THE US dollar extended its overnight decline in New York to close here lower against all currencies in Whin nervous trading yester£eapite a check to the decline through midsession on news or substantial Bank of Japan support for the US currency in Tokyo, it ended at the day's lows
        146 words
      • Article
        Tokyo
        164 4 THK BANK of Japan an estimated uBslso throughout the day defend the dollar at 240.00 ren flat yesterday The dollar for overnight delivery closed at 24<T00 yen, unchanced from the opening but down from 241.18 at Wednesday's close, dealers said. Trading was active with volume $342 million. The dollar
        164 words
      • Article
        Australia/NZ
        49 4 AUSTRALIA/NZ exchanges on Jan 11: AUSTRALIA: US totter 114 M/ 1 I*7 SUrtlnc 0 SMS/ 0 MIS Ninety-day air mail bujrtnf rata* Surfing 0 MM US doiter 1.17)0 US dolter 1 1)63 KXW ZEALAND: Mfriliw 0 SMS/ 0 ST74 US doiter 1 MIC 1 one US dolter I.MT7
        49 words
      • Article
        Zurich
        57 4 ZURICH exchanges closing quotes on Jan 11: US l VTM-TTM Sis 1.5175-SS7) QUJ 1.7M0-7MO O tfk M Ml7-CMB DPI 17MM-4SM r Pr 41. MM-1271 B PT 1 MSI-04M D Kr M MM-41M M Kr M.Mli-MU S Kr 42 4M4-M7l LH «7MI OM AW Kb UTMM Mil Port 4.W14 MSI
        57 words
      • Article
        Frankfurt
        30 4 FRANKFURT exchanges opening quotes on Jan 12: MIIMUM D fl M M/M SPr 1M IS/M Ut IMS/Ml P Pr M.M/W 1* Kr 41 M/M S <2 ao) Ml/471 rV
        30 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      139 4 Prestige position Your expensive car. It says you'vearrived. Can you say the same thing about your office furniture? Your office desk for instan ce Is it all it should be? After all, you spend more time at it, than you do in your prestige car. Shouldn't your desk reflect the
      139 words
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  • TRANSPORT
    • Article
      Lock icon BA planning Jeddah route for Concorde
      403 5 Agencies. BRITISH Airways has said It was considering the technical and commercial possibilities of operating the Concorde supersonic airliner to Jeddah, Saudi Arabia. A company spokesman said London to Saudi Arabia was one of a number of routes considered. Others are London to Kuwait
      Agencies.  -  403 words
    • Article
      Lock icon Hopes rise for Vietnam route
      281 5 AP. INTERNATIONAL airlines operating in Bangkok welcomed the agreement between Thailand and Vietnam to permit Thai International to overfly Vietnam. Airline officials, however, were more Interested in the scheduled four-party talks aimed at re-opening the "Amber One" air corridor through Laos and Vietnam. "We look
      AP.  -  281 words
    • Article, Illustration
      PSA finalising plans for cold storage
      998 5  -  Br GOH ENG KEE PSA Is finalising plans to provide cold storage facilities to meet the increasing demand for refrigerated cargo space. Currently, PSA has no cold storage facility although it offers a wide range of port services Including extensive warehousing. Instead they are
      998 words
    • Article
      ROYAL FACELIFT FOR PORT KLANG, TOWN
      312 5 A TASK force has been formed to spearhead a multi-million-dollar facelift for the royal town of Klang and Port Klang. The task force, formed at a special meeting chaired by Mentri Besar Datuk Hormat Rafei at the Klang Municipal Council, was given two months
      312 words
    • Article, Illustration
      IN PORT
      405 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cang Shan (BOLE) (0100 after Murrayeverett) 18 Cherry Vilja (B. Barge) (0800 after Marco Polo) 42/43 Oerbera (Car Carrier) (1600 45 Hudson Maru (JEHF) (after Bengloe) 10/11 Ibn Khaldoon (after Vlshva Apura) 31/32 King River (0600 after Slnansarl hauls) 25 Kota Ball (1700
      405 words
    • Article
      Lock icon London freight market
      188 5 AP. ARGENTINE grain fixing stole market attention on Wednesday as Olenas conceded firmer rates for January chartering to the Soviet Black Sea. Rates moved up to U5518.25 (5542.7) (2,000 tons discharge free), which stood about one dollar above comparable fixing last month. Business involved the Gralgfflon in
      AP.  -  188 words
    • Article
      SIA jumbo on Colombo run
      183 5 I A SINGAPORE Airlines Jumbo will call once a week at Colombo, capital of Sri Lanka from March 1. On Tuesdays, the 747 will fly to Colombo en route to Dubai. Zurich, Frankfurt and Copenhagen whereas on Thursdays and Saturdays. 707s will call on their
      183 words
    • Article
      Lock icon China opens HK booking office
      115 5 AP CHINA will open a booking office In Hongkong for Its domestic flights. The Chinese-language Ta Kung Pao and Wen Wei Po newspapers said this Is to facilitate Hongkong people visiting their relatives In China for the lunar New Year on Feb 7. About 50,000
      AP  -  115 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      728 5 ARRIVALS 1 wrna Operator Nam be ueu r TtaM From KAL KE807 0015 SEL PAA PA005 0215 8FO/HKO CAL CI331 0040 TPE/HKO/KUL MAS MH801 0715 KUL MAS MH682 0610 KCH SIA SQ101 0815 KUL MAS MH621 0635 PEN MAS MH607 0645 KUL MAS MH671 0045 PEN/KUL OlA
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      158 5 SINTAT Rent-a-Car SINGAPORE: AIRPORT TEL *****5 CITY TEL 23SS8S5 -f Call us for your local or onward reservations A bounty of beautiful food awaits you at ik&ik I .V r« 7 t' 1 T >» 1 u .Jj I f v -V V r JTI v. y°" \cA ,>\ ?>
      158 words
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  • Article
    Keeping prime rates low
    325 6 PRIME kATES in Singapore saw their last major increase in September last year when banks here increased their primes from a general 6% per cent to 7 per cent. This structure stayed pretty much unchanged over the last three months, and in fact, the Oversea Chinese
    325 words
  • Article
    An opportunity to develop contacts
    278 6 THE SUPPORT received so far for the Asean Trade Fair to be held in Manila In May Is a strong indication that Asean Is increasingly being accepted as an Important world economic force. The organisers have succeeded In rounding up some very diverse countries to
    278 words
  • Article, Illustration
    Malay Chamber optimistic
    1210 6  -  CHAMBERS of commerce are important to any trading nation in Singapore, there is not one chamber of commerce, but four, relfecting the Republic's multi-racial origins. In February, however, these four chambers will establish one joint formal body, a Federation of Chambers of Commerce, with representatives from the
    1,210 words
  • Article, Illustration
    Philippines in the 1980s
    903 6  -  "r RONNIE LIM,JOHN TAN INDUSTRIALISATION in the Philippines will continue but the pace will be gradual and the country will remain a basically agricultural economy. The problem of urban slums will persist and migration from rural of urban areas will continue unchecked. In agriculture, the country
    903 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      692 6 4 w > ?:'4 r*s Tre si '4 T V: B SSSwIiDK* -•-:)> V iftr* m M J* r srs W Orchard Road, S'pore 9. Tel: *****2 408/407 Havelock Road, S'pore S. Tel: *****1 Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the jlynamlc
      692 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      65 6 WEATHER i J WEA THER outlook for Singapore from 6 am to noon today: Isolated shoxvers REPORT for 24 hours prior to 7.30 pm on Jan 12 at the airport. Maximum Temperature 29.5° C Associated Humidity 74 Minimum Temperature 23.2° C Associated Humidity 100 Hours of Sunshine 3.8 Rainfall in
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      269 6 wjismmwui SINGAPORE 5 300 P.M. Opening announcements followed by Housewives Matinee The Four Romantic Stories' (Mandarin Repeat) 4.30 Intermission 6.05 Opening announcements followed by Exercise-with Gloria 0 6.30 News in Brief 0 6.35 In Search Of The Easter Island Massacre J 7.00 Hazel (Repeat) 41 News and Newsreel (Malay) 0
      269 words
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  • Article, Illustration
    Malaysia's oil industry plays a new role
    1237 7  -  •y OUR REPORTER THE SIGNING of oil agreements between Petronas the national oil company of Malaysia, and the upstream companies of Shell and Esso a little more than a year ago has provided the Industry with a new environment the Malaysian environment. ?spr
    1,237 words
  • Article
    STRAWS IN THE WIND
    692 7 LIKE I SAID yesterday, Business Times Is always flattered and pleased when It is treated like an information service especially when the informationseekers are the newsmakers themselves. After our recent series of stories about the Metro department store group and Its withdrawal from the Marine Parade
    692 words
  • Article
    Small boats are main pollution culprits
    727 7 TANKER ACCIDENTS and oil well blowouts are giving a bad name to the oil industry. With every tar-ball or oil lump found on the beach or floating on the ocean surface, there will be thousands of people pointing towards oil tankers or offshore platforms
    727 words
  • Article
    That fierce combat all for a rasher of bacon?
    848 7  -  [FORUM. on computers b By JOHN DRYSDALE John Drysdale is a director of Asia Research Pte Ltd. THERE IS MORE than meet the eye in the current United States' demand that Japan, as part of Its newly enforced trade liberalisation plans,
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      377 7 > <rf 4 > mciiico polo SING A»ON C Tanglin Circus, S'pore 10. Tel: *****1 Brasserie La Rotonde Have a Swiss Affair with us Brasserie La Rotonde Speciality de Cafe Food fresh from Switzerland Car valets In attendance fljhi Hotel Royal n RAM ADA* Newtoa Road, S'pore U. Tel: *****1
      377 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      29 7 BnStoW" Frank Lb cken£ GLFMDTVWS cvee... upffe TM£SC. Lo«&-seRvvce Pcesonpo-iojs... fog my uKwsr, U>«SrJ'T IT STT2PING€Tue \jjpn OLD DftußvmPic KfePT ?VtUK& FRCE.S PTT SIR CH£ST€(Z.Pfe€.fty ,Ou£ &£LOV£ D l >
      29 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Hongkong
      300 8 52? S KON s ULre Prtce* lost ground on local and overseas iSStffSSP- Vo The H A ng S® ll lnde vmi down 3.M points to close at 384.41 points. Turnover on the four exchanges totalled *22 94 million compared with $19.46 million on Wednesday. JAN U HK! AnuU
      300 words
    • Article
      Tokyo
      439 8 TOKYO: Share prices closed lower after a firm start yesterday with some export orientated shares falling amid caution over the yen's renewed appreciation. The Dow Jones average fell 11.25 to close at 4.965.98, with volume 240 million shares. The New Index closed at 372.38. down 1.38. Some vehicles, electricals
      439 words
    • Article
      Sydney
      328 8 SYDNEY: The market closed lower yesterday, but above the day's lows with BHP falling four cents to Att.34 and Tha Walaa four to $5.26. The Sydney All-Ordinaries was down 1.74 points to close at 481.88 points. JAN 12 Cents INDUSTRIALS A. C. I 175 -3 ADC 25 unch A.N
      328 words
    • Article
      Manila
      122 8 MANILA: The market closed higher yesterday, with all sector 'WMM advancing slightly. Turnover fell to J.Ol million pwos from Wednesday's 3.92 million. JAN 12 PMO. Acojekllnlnc oow +0 0002 Altai Con A 14 80 Atlas Con B u.ao OOM -0.1 Baguto Gold -0 0004 Benguet Con B 21 .SO
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    • Article
      Bangkok
      97 8 Asia fibre 281 301 *2 .341 -8 t Bala 522 unch 318 >4 Bern Jucker Charoont Thai Win t 349 *21 344 *17 DusttThanl Faber Merlin Ocnerm Finance Indo-Thaj Industrial Finance Cor] J AnC Jalap 1J Ho rathan 2186 -10 374 >4 Cement 114 Karnasuta M -2 LeeKwa/lf Mln
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    • Article
      Amsterdam
      232 8 AMSTERDAM: Share prices closed quietly mixed on Wednesday with Philips higher in otherwise lower Dutch internationals. dealers said. Royal Dutch lost over one guilder JAN 11 FU Ahold M.SO -0.7 Akjo 23 40 -0 1 Alfbank AMEV 325 M 73(0 ♦3.5 Amfas MOO -0.2 Amrot Bank 67.M ♦0.0 Berk
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    • Article
      Brussels
      97 8 BRUSSELS: Belgian share prices were lower In quiet trading on Wednesday, bourse sources said. Actc ArbeO Aitur Braacan Bru-Lamb Ctnoic Cock Dc Bcert Ebn XtS -1 aw *5# Ml 4*0 -1 MM »tt -II sac +io MB -l 2336 +5 Qectrobel MM 40 Ob-lnno-Bm irro -I 0*v 1114 Hobo*
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    • Article
      Frankfurt
      219 8 FRANKFURT: Stocks were ****<!/ on foreign and local demand on Wednesday, dealers said. 4AM Dm >/- Aef-Teiefunken Akso Alls Le ben A1U Vers BASF Bay HT Wbank Bay Vbank Bayer BBC BMW Cassella Chem Verw Commerzbank Conu Oumml Daimler-Ben* DefUSSa n»mag Deutsche Bank Drcadner Bank Dt Texaco Dyckerhof f
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    • Article
      Paris
      269 8 PARIS: Stock prices declined on Wednesday, depressed by the dollar's weakness and Wall Street's fall. JAN 11 Fra CORBKILLE Alr-Uqulde BSNOervals Danone C8F(ThomsonCtt) Cle Francalse des Petroles Compacnle Financier* Compacnle Generale Credit Fonder De France Hachette (Ubralrte) Machines Bull Michetln (B) Parlbai Pechlney Clflne Kuhlmann Peujeot• Phillp»(NvQem Beat) Prln
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    • Article
      Milan
      125 8 MILAN Stockt recovered selectively in fairly active trading on Wednesday, dealers aald. after a few short covering operations and less selling pressure than recently. JAN II Urc Ante 115 +2.25 Aiioc On ***** 175 Bastofl Ml IS Central* 3470 49 Flat 1890 15 Fimider 89 ♦2.5 On Immob 72
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    • Article
      Jo'burg
      309 8 JOHANNESBURG Golds closed easier on Wednesday but off lowest levels In line vtth the London bullion price, dialers said. JAN II Rand motwnuALa A Alpha A hereon) AK And CI AUK Btrkm 125 m DC oooe 300 unch unch unch (AA 1KB Currte Finance DeBeenInd BOcon Edgar* Eve ready
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    • Article
      Zurich
      200 8 ZURICH: The market eased in quiet trading on Wednesday Influenced by the fall of the U8 dollar, dealers said The Credit Suisse Index fell 1.1 point to 243.1. JAN II Frmncs AcUomSuiaw* ■m ♦1 AIuiuuacBr ISM -10 Alitfutaac Rca Brown Bowl Br 5M 1*00 unch •1} Clb» 0«1CT Br
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    • Article
      Toronto
      239 8 TORONTO: Share price* closed lower on Wednesday In busy trading. The Composite index, off more than six points, reached Its lowest level since Nor 24 while declines outnumbered advances by 221 to 188 The utilities index lost 21 points. Its bit*est drop since July 27. Only (olds were stronger.
      239 words
    • Article
      New York
      1018 8 NEW YORK: Stock market investor*, discouraged by more bad new* about the dollar and a mixed baf of report* on the economy, quickly abandoned a feette attempt to rally, sending the market to It* seventh consecutive loss this year In active trading on Wednesday. The welcome news this
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    • Article
      Indices
      63 8 FINANCIAL TIMES INDUSTRIALS Wednesday 487.2 Tuesday 464.5 Week Ago 487.8 DOW JONES AVERAGE INDUSTRIALS Wednesday 775.90 Tuesday 781.53 Week Ago 813.58 LONDON DOLLAR PREMIUM Wednesday MM to 06* Tuesday «5V, to 66 H.K. HANG SENG Wednesday 388.39 Tuesday 390 16 Week Ago 388.20 SYDNEY INDUSTRIALS Wednesday 406.48 Tuesday 409
      63 words
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Arab Mining gives US$60m in aid
      145 8 ASIAN COMPANIES AFP. THE Arab Mining Company is going to contribute US$6O million to the financing of projects In five Arab countries, it was announced In Amman. The decision was made by the company's board meeting In Amman. The projects involved are exploitation of
      AFP.  -  145 words
    • Article
      Eastern Asia looks to good results
      444 8 HONGKONG: Stock market analysts said Eastern Asia Navigation Co's interim results are In line with market expectations and should haw a neutral effect on the company's share price. They were generally encouraged by the company's cautious forecast that final results for the year ending
      444 words
    • Article
      Lock icon Sanyo plans TV unit
      124 8 Reuter. JAPAN'S Banyo Electric Co said it plans to establish a new company in Europe to manufacture colour television sets for the European market. The company said negotiations are still in progress, and refused to give details of the location or production levels. The measure is
      Reuter.  -  124 words
    • Article
      Ford raises prices
      480 8 NORTH AMERICAN COMPANIES FORD Motor, which last autumn slashed prices on subcompacts to compete with foreign car producers, yesterday announced price Increases averaging $89 for its 1978 small cars. A Ford official said the increase was prompted by recent price increases for Japanese and German Imports resulting
      480 words
    • Article
      Better mileage tyre
      96 8 FIRESTONE Tyre and Rubber Co. said it is introducing a tyre that will enable motorists to improve gasoline mileage by as much as eight to 11 per cent. The "Fuel Fighter," a metric-slxed, stell-belted radial psisenger car tyre, has refine menu whfth permit higher Inflation pressures, resulting
      96 words
    • Article
      Lock icon Hitachi to set up Mexican joint venture
      152 8 UPI HITACHI, Japan's leading electric machinery manufacturer, said yesterday it will set up a Joint venture in Mexico to produce and sell large motors. The company said its Mexican partner Is Orupo Industrial Alfa B.A. It said the new firm, Megatek S.A., capitalised
      UPI  -  152 words
    • Article
      Lock icon Exxon accused of overcharging
      149 8 Reuter. WASHINGTON: The Department of Energy Mid Exxon Corp overcharged customers tome U*****.3 million for crude ail from the Hawkins field in Texas. The announcement, which was issued in the form of a possible violation notice alleged Exxon incorrectly calculated the baae production control level of
      Reuter.  -  149 words
    • Article
      Lock icon IFC aids Rio Lindo
      115 8 AFP. THE International Finance Corporation, an affiliate of the World Bank, has granted aid worth US$lO million to the Honduran textile company Bio Lindo, the IFC announced. The IFC will take Afl million share in the Arm's capital and win lend the remaining 19 million The
      AFP.  -  115 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      167 8 kvwnwmiv HCrVKI) With monthly politicol lupplcmtnt for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BILLETIN This unique publicotion offers businessmen each month a comprehensive guide to the latest developments that hove taken place in all important sectors of the economies of countries in East ond Southeast Asia. The Bulletin is divided into
      167 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      525 9 I Now with new, broader coverage, more executives are going to be reading Business Times with more interest. Now, Business Times takes on a whole new look ■mid attitude. With new strengths greater depth, greater judgement and more exhaustive fact finding. With new, broader coverage on a wider range of
      525 words
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  • Article
    Transactions in Singapore
    1203 10 BID aad efltar prim adetally Hated u< Muhwi la iri riiW>i< to Ih* Stack hrhMi jßm>lh 0 «l> ef UWaadU STsSSIrSSSSi Willi ate tke mtU "fcr! fee BnH doaia (la lota ef 2.M Iwtt) in fMtri dUr tIM Wttui 88. BBCTION ONE INDUSTRIALS 'Am (1.378 1.388) (1)
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  • Article
    In Kuala Lumpur
    1254 10 BID and offer prices officially listed and butinea* in and rsported to the Kuala Lumpur Stock Exchange yesterday with the number of (hares traded shown la brackets la lota of 1,6 M units ualeoa otherwise specified. INDUSTRIALS Aomn (l.MB). AJbwmoto (2.178) (2) 2.18. A loom (1.958 1.988)
    1,254 words
  • Article
    Unit trusts
    146 10 SINGAPORE UNIT TBUBT INOOMB BOND UNIT (Mmin' prise* fer Ju 11) V (Camel erieee) The Commerce 1.71 l.M INCOMB BOND 1M l.M The Daring Fund 1.09 1.18 S'pore Prof Fund 0.82 0.87 MABA BUMPUTBA FUND 8'por* Security hind 1 61 1.71 (M—fl' prtcei First Bumiputra far Jaa 11)
    146 words
  • Article
    GOVERNMENT BONDS
    110 10 4 3/4* 1/8/79 (250,000) (100.618 100.688) (4) 100.68 (4^100.60 6 1/4% 18/18/79 250,000) (100.958 101.198) (4) 101.14 6 3/4% 1/6/78-88 290,000) (101.00B) 4 3/4% 16/9/86 250,000) (99.358 99.508) 6 3/4% 1/12/86 250,000) (103.60B) 6% T F 16/4/81 (250,000) (101.SOB) 6% T F 18/16/81 (250,000) (101.45B) 5% T F
    110 words
  • Article
    Stock options
    60 10 STRIKING price* of the •lock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prions and business done yesterday, with the number of options traded shown in brackets. Inchcape (March 12.10) (0.138 0.155) Pan Electric (June 51.55) (0.328) Prima (June $1.90) (0.50B) Siroe
    60 words
  • Article
    SHARE INFORMATION SERVICE
    2353 10 1*71 HiCk Lnr o-« Last Sals ♦erQr's 4kr Dfrr c'w Net Vel (•666) Hi* Day fc Lew I. section one INDUSTRIALS 154 204 119 246 88* 209 169 270 422 146 134 165 58 212 57* 188 146 182 390 91 Acuta Alcorn Allied Choc Bata Ben
    2,353 words
  • Article
    CHICAGO BOARD OPTIONS
    1448 10 January 11 TRADING on the Chicago Board Options Exchange came to 112,944 contracts compared with 114,821 contracts on Tuesday. OPTION JAN APL JLT STOCK Alcoa Alcoa Alcoa Alcoa Am Tel AnvTel Am Tel Am Tel AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank Aim
    1,448 words
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  • Article, Illustration
    SES shares under mild selling pressure
    840 11 I SINGAPORE SHARE prices staged a mini rally in the morning mainly a* a result of interest carried over from the previous day, but slipped gradually under mild selling pressure on the Stock Exchange of Singapore yesterday. On balance, most shares finished off their
    840 words
  • Article
    K. Lumpur ends on a slightly mixed note
    583 11 THE Kuala Lumpur Stock Exchange fluctuated from an initially higher opening to close the day on a slightly mixed note. Trading, however, was more active than usual, although this was largely the result of heavy Interest in a few selected counters. Against
    583 words
  • COMPANY NEWS
    • Article, Illustration
      CCM profit suffers another blow
      729 11  -  •r CHAN BONG SOO OOINO by its pre-tax profit records, the performance of Chemical Company of Malaysia (CCM) these past three years do not exactly tell a success story. On the contrary, they could be interpreted as the woeful tale of a dynamic company having
      729 words
    • Article
      Chin Teck plans to plant more palms
      725 11 INSPIRED perhaps by the huge profit from Its oil palm estates in the year Just past, Chin Teck Plantations plans to add another 545 hectares (1,350 acres) of oil Slim in Its virgin land at eratong, Pahang by the end of the current
      725 words
    • Article
      KL queries Supreme
      288 11 THE Kuala Lumpur Stock Exchange has drawn up a list of questions for Supreme Corporation regarding the latter's plan to acquire substantial shares In Soga Berhad (a property development company) and Johore Oil Palm Plantations, as well as a Joint venture with QBE Insurance of Australia. The
      288 words
    • Article
      Name change
      32 11 HAW PAR Brothers International Ltd said a whollyowned subsidiary of the Haw Par group. M and O Leasing Pte Ltd. has changed Its name to Asian Computer Leasing Pte Ltd.
      32 words
    • Article
      LATEST RESULTS
      110 11 INCHCAPE Group pretax $0.97 million (14.99 millioB) for the year ended B*t>< 90, 1977. Turnover $39.48 million ($31.72 million). Parent company pre-tax profit $S.3C million (54.6 C million) an aalea of $39.18 million ($31.56 million). Chemical Industrie* (Par East) Group pre-tax profit $849,491 for drat •ix month* ended
      110 words
    • Article
      COMPANY MEETINGS
      40 11 The following company meetings are due: Chin Teck Plantations Bhd: Jan. 22 at Its registered office, No. 8-27 Jalan Fatimah, Batu Pahat, Johore at 10.30 a.m. Wearne Brothers: AOM on Jan 27. 11.30 am at Raffles Hotel. Singapore.
      40 words
    • Article
      PEOPLE IN BUSINESS
      75 11 MRS. K.S. BAMJI will become the regional director. Australasia and Southeast Asia, of the Government of India Tourist Office. She succeeds Mr. Hemant S. Gupte at the Sidney base. Mr. S.N. Sarup will remain as director of the Singapore office. Meanwhile. Mr. Gupte will return to Delhi
      75 words
    • Article
      DIVIDENDS ANNOUNCED
      331 11 Currant payment Em Date i ii Total for Um yaar TatelfW Cold Storage Hides FAN 7*I(k) 9*1 Dec 30 Dec 30 Jan 16 Jan 16 7*«I) 6* 16.4*(a) IS* 200* Killinghall Jack Chta-MPH 300% 5*l(c) Dec 15 Sept 19 Jan 18 Jan IB 500* 5* 10* Kullm 10*1
      331 words
    • Article
      Century acquires site
      295 11 THE housing development arm of Malayan Credit, wholly-owned subsidiary. Century Gardens, has acquired a 20-hectare site in the Senai/ Kulai district in Johore for a total cash consideration of M 51.06 million. The purchase, subject to approval given by the Foreign Investment Committee, represents a further extension
      295 words
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      Page 11 Advertisements Column 1
      637 11 JOIN THE EXCITING WORLD OF JOURNALISM THE Straits Times Press (1975) Limited, New Nation Publishing Limited and Times Business Publications Limited have further vacancies for the positions of reporters and sub-editors. If you want to be where the news is, Join us in the exciting world of journalism. Here is
      637 words
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  • Article, Illustration
    Kennedy calls on Japan to play fair
    644 12 SENATOR Edward Kennedy, warning of growing protectionist sentiment In the United States, yesterday called on Japan to end restrictive trade practices and give "yankee traders" a fair chance to compete in itoe Japanese market. ."American workers are *ngry, congress is getting apgry and
    644 words
  • Article
    Lock icon Tokyo to loosen forex grip further
    260 12 Reuter. THE JAPANESE Finance Minister is considering relaxing restrictions on foreign exchange accounts held by Japanese and on foreigners' acquisition of teal estate In Japan. < Ministry officials said the relaxations will be in addition to extension of the standard settlement period for foreign
    Reuter.  -  260 words
  • Article
    Lock icon U.S. SUGAR IMPORTS TO FALL SHARPLY
    282 12 Reuter US Imports of sugar could drop drastically this year, according to a study made by the Organisation of American States (OAS). Imports this year will be about four million short tonnes, compared with the 6.1 million short tonnes imported from world producers last
    Reuter  -  282 words
  • Article
    LONDON STOCKS
    803 12 LONDON. Thurs. The market closed mixed after fairly quiet trading as government stocks remained higher on balance despite falling slightly after the white paper on public spending. Leading equities eased after a steady to firm opening in lack of Interest. Long-dated gilts had gains of H to W
    803 words
  • Article
    Lock icon Steel industry finds iron ore imports a millstone
    355 12 AFP JAPANESE steel Industry will be forced to reduce considerably its imports of iron ores and coking coal this year, thus triggering a trade conflict between Japan and suppliers of the products, (for example, Australia). Reflecting decreasing demand at home and abroad,
    AFP  -  355 words
  • Article
    Lock icon Bangkok gives Asean priority
    143 12 Reuter THAILAND *hM (in priority te rice rt^ulr*-ssre-.asftiKs: **y Amu ■uttag to <harto. .apply mmi demaud of Amu. Mr. CkupM aaid Thaifoad'a rice production thia ymr ia eaumated at 13J million tonaea mt which 1.2 million Ihm at milled riea will ba available for export. Mean
    Reuter  -  143 words
  • Article
    Lock icon Tangshan is humming
    32 12 UPI THE Tangsh&n industrial area, virtually devastated by an earthquarke In 1978, has been restored to full production. The 1977 state plan has been fulfilled ahead of schedule. UPI
    UPI  -  32 words
  • Article
    Lock icon Thailand cuts tin royalty rates
    401 12 Reuter. THAILAND Dm decided to reduce tin-mining royalty rates, the Commerce Ministry'* Dally Trade News reported. The decision vts made after a series of meetings between government officials and tin miners, the paper said. The new rate would be mid-way between the old and the
    Reuter.  -  401 words
  • Article
    Lock icon Getting N. Korea to repay debts
    134 12 AFP THE Japan-Korea Trade Association, a private organisation promoting trade with North Korea, will send a two-member mission to Pyongyang on Jan 20 to facilitate repayment of North Korea's trade debts to Japan. The debts to Japanese firms reportedly total 80,000 million yen (roughly
    AFP  -  134 words
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      Page 12 Advertisements Column 1
      349 12 4 7/> f f V c, l T% J: V m 4\ X V f il *V nft'll Ml iril ■-*»:•:>••• HM >;~ 4fefirHt«4 Of your way to Europe, why not see Pakistan, the country that has such a variety of landscapes and climates we call it our country of
      349 words