The Business Times, 3 February 1978

Microfilm: NL9611
Total Pages: 14
1 14 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, FEBRUARY 3, 1978 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon No favours
      75 1 Reuter KUALA LUMPUR, Thurs. US trade negotiator Wolff said the US will want tight limitations on any special treatment for developing countries that might emerge from multi-lateral trade talks In Geneva. Mr. Wolff, deputy to President Carter's special trade representative Richard Strauss, told businessmen at an International conference
      Reuter  -  75 words
    • Article
      Lock icon Aussie-Asean talks
      49 1 AP CANBERRA, Thurs. An Australian-Asean Industrial conference will be held In Melbourne In June, probably from June 19 to 21. Trade and Resources Minister Douglas Anthony said the conference would be similar to a European Economic Community-Asean conference on industrial cooperation held In Brussels last April. AP
      AP  -  49 words
    • Article
      Lock icon Sugar talks re-open
      71 1 Reuter KUALA LUMPUR, Thurs. An Australian team and Malaysian officials resumed talks on the long-standing dispute over the price of sugar Malaysia has contracted to buy from Australia under a long-term agreement. These talks were called off when Malaysia made a counter proposal to get more than
      Reuter  -  71 words
    • Article
      Lock icon More zeal
      83 1 Reuter WELLINGTON, Thurs. New Zealand Prime Minister Robert Muldoon announced measures to tooet the economy, Including the abolition of a 33 1/3 per cent deposit scheme applied to 5 per cent of Imports since 1976, the easing of hire purchase terms on cars and the repayment of NZ$27
      Reuter  -  83 words
    • Article
      Tin ore seized
      57 1 JOHORE BARU, Customs officers from the anti-smuggling branch seized about M 3300,000 worth of tin ore from an unnumbered boat off Tanjung Ayam, Penggarang, this afternoon. A three-man party intercepted the vessel while on a sea patrol in Malaysian territorial waters. Found hidden in various parts of
      57 words
    • Article
      Lock icon Dharsono's fate
      86 1 Reuter INDONESIAN acting Foreign Minister Mochtar Kusumaatmadja said here yesterday that the position of Asean secretary-general Hartono Rekso Dharsono should be decided without haste and in close consultation with other members. "It is very Important for the well being and growth of Asean that the functions of its
      Reuter  -  86 words
    • Article
      Lock icon Dow Jones
      67 1 UPI NEW YORK, Thurs. Stocks headed broadly higher early today in active trading. Investors were encouraged by the US dollar strengthening abroad, leading to predictions of an Increase in foreign investment in US securities soon. The Dow Jones Industrial average was ahead 3.04 points to 777.38 shortly before
      UPI  -  67 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      122 1 Rites Most active St Steamship CKTuf NBT SUnu Metal Hi(h ft Low Con» Plant K Ktmptr 234 140 180 120 228 476 300 +7 +7 +6 +6 +5 +4 +4 F. Merlin 210,000 Sigma Metal 145,000 Jardlnes 81,000 Haw Par 77,000 Total Turnover: 2.16 M Total Value:
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    • Article, Illustration
      In Kuala Lumpur
      160 1 SELECTIVE trading took place la steady conditions an the Stock Exchange or Singapore yesterday. A briaf morning rally fizzled out towards the latter part of the day. The Business limes index adranoed 2.97 points to 538.56 while the Straits Times Industrial share index edged 0.41 point forward
      160 words
  • Article, Illustration
    Day of reckoning for the hapless
    1059 1  -  SYNDICATE CORNERS SUPREME By Our City Staff THE HEADY advance of the shares of Supreme Corporation in the past month culminated yesterday In a 26-cent rise to $2.79 on the KLSE with turnover on both local exchanges swelling to 889,000. A glance at the
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  • Article
    FEFC hike not on the horizon
    864 1  -  •y TERESA LIM BHIPPERS In Singapore may rest a little easier about freight rate increases on the Far East/ Europe trade this year, although the volume of cargo may increase only marginally. These projections come from the chairman of the Far Eastern Freight Conference
    864 words
  • Article
    Delay in petrochem project now certain
    287 1 THE question of whether Singapore'* petrochemical project bo delayed or not waa raised at the Petrochemical Corporation of Singapore's directors meeting in December. Some delay now looks certain. When PCS was formed last August, construction of the project wns optimistically scheduled for eerly this
    287 words
  • Article
    Fuji speeds up the pace in dollar CD market
    495 1  -  ly SOH TIANG KENG FUJI BANK, Japan's second largest bank, yesterday floated a US$lO million floating rate certificate of deposit (FRCD) In the Asian dollar market. It came hot on the heels of the US$25 million FRCD issue by Banque Natlonale
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      6 1 COPIES ANYTHING. FITS ON ATABLE TOP
      6 words
    • Advertisement
      Page 1 Advertisements Column 2
      125 1 ACBC Your key to International Trade IS If votif hy-incw is import/export and the world in vour market, vou II need the serv :s <»l j bank with the interna tion.il capability to handle voui hu-intss dealings efficiently and with j minimum ot tusv At ACBC we offer vou lrul>
      125 words
    • Advertisement
      Page 1 Advertisements Column 3
      69 1 SEE BACK PAGE Col. S BKB BACK PAGB CaL 3M) m ITB may tailor ooam to rait electrical trade SOME eabetaace ia Teeco chiefi criticisms SINGAPORE Aaiaa SPOTLIGHT ob BMA aad ita JAPANESE resist Soviet FORUM with Jofca Dryedale 7 SWEET oaeeooe at Porlio Plantations IS UK Dmrnwriml Irailtilw are
      69 words
    • Advertisement
      Page 1 Advertisements Column 4
      89 1 Wishing all our customers fnt"ds 3rd jssoo3te* 3 Happy 3 n c P-osperous On »»se N"* W.ir S3 SINTAT Rent a Car TT M HI 11 .J. 1■ -> Dotty h optional at $470.00 M 5995 «r*s OamumU allow «t MAOOUNO PTC. LTD. •K: P. AUDIO fTt. LTD. ■17, Kataat
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      220 2 COURSES AND TALKS DATES TITLK LOCATION ORGANISER Feb 4 It 11 Telephone Techniques and Courtesies SIM Conference Room SZM 61»7 Marketing Strategy for Top Executives SIM Conference Room SIM a-15 Material Store Accounting and Control Hotel Royal Ramada e—17 LCA Module 11: Basic Industrial Pneumatics NPB Jurong Office
      220 words
    • Article, Illustration
      ITB looks into training for electrical trade
      610 2  -  ■y RONNIE LIM THE INDUSTRIAL Training Board will aet up a committee to look Into the training needs of Singapore'* electrical industry. The committee will include representatives from the Industry. This close contact win enable the board to streamline Its courses in meeting
      610 words
    • Article
      CHINA'S NEW ATTITUDE
      80 2 CANADIAN External Affairs Minister Don Jamieson said yesterday he believed there had been some "modification" to China's attitude on financing imports. Mr. Jamleson thought Peking was not opposed to wider use of other countries' exports credits as one method. He said ways of boosting trade between Canada
      80 words
    • Article
      Lock icon More to invest
      285 2 Reuter THE Malaysian government received a total of 98 applications to establish new manufacturing projects or expand existing ones In the July-Septem-ber period of 1977. Bank Negara Malaysia, in Its latest quarterly bulletin for the period, said this response from potential Investors, compared with 00 received in
      Reuter  -  285 words
    • Article
      Times Printers wins $1m order
      170 2 TIMES PRINTERS has won a $1 million contract against stiff competition from the UK and Hongkong. The export contract Is for 18 book titles and will total 900,000 hard and soft high quality books. These will be printed In full colour and exported to Australia
      170 words
    • Article
      Unions take up $3m coverage
      138 2 FOUR affiliates of the National Trades Union Congress have taken up Insurance coverage totalling $3 million from Its Insurance cooperative, Income. The coverage, according to the latest Labour News, is for fire and third party liability. The support for Income came from the Singapore Teachers
      138 words
    • Article
      SCIENCE CENTRE RECEIVES $25,000
      93 2 EBBO handed over Its third and final contribution of 125,000 to the Singapore Science Centre yesterday, This brines Esso's contribution to $75,000. The first contribution was made in 1974. Th« money will go towards the payment for the solar energy exhibits in the central lobby of
      93 words
    • Article
      Fire safety exhibition
      45 2 TH* Industrial rirs Safety Exhibition organised by the Singapore Fire Brigade will be heM at Apartment Block M. Margaret Drive, from tomorrow to Fib. 6. It win be opened by Dr Ang Kok Pen*, MP for Buona Vista, at 10.00 a.m. tomorrow.
      45 words
    • Article
      Some truth in those remarks
      534 2  -  h TSANG SAU YIN LOCAL manufacturers' reactions to the critical observations of Mr. K.B. Williams, director of a British chain of supermarkets who flew into Singapore recently on a buying mission, range from mild acceptance to indignant. Without mincing words, Mr. Williams had pointed out
      534 words
    • Article, Illustration
      Air pact with Iran
      308 2 AN AIR services agreement, which places 011 a firmer footing, the exchange of traffic rights between Singapore and Iran, was signed here yesterday. The agreement was signed after two days of negotiations by Mr. Ong Teng Cheong, Senior Minister of State for Communications, on behalf of
      308 words
    • Article
      VOLUNTARY WORK OFFERS SATISFACTION
      246 2 THE materialistic Singaporean, given to the relentless pursuit of wealth, was urged again yeeterdsiy to give more of themselves and their time to voluntary work. It is one way to counter apathy and selfishness In society. "Through involvement In welfare work, the voluntary welfare workers gain
      246 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      69 2 fcju h I .'J *?4g f w TP I* v v\ Before you pay more than *300 for a pair of J.R. Barrett shoes, we think you ought to know why m Americaya Available at Americaya Premier Ground Floor, Plaza Singapura, Orchard Road, Singapore. Tel: *****1 Ext. 244/245. Sole Agents
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      535 2 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Attract!** piece of furniture? 7 Work for a speaker and ten beeldce? So long, and thanks again (4) It tfadebot and vat 11 Don't agree to a thine 14 Fellows women atari work tor (S) It No cub. perhaps, bat a payment (8)
      535 words
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  • OVERSEAS
    • Article
      Lock icon Dollar undervalued says Rockefeller
      545 3 UPI CHABE Manhattan Bank chairman, David Rockefeller, yesterday said the US dollar Is undervalued on overseas markets and expressed hopes that It will recover from its current global-slump "in a reasonable period of time." i'i wouldn't predict an end to the problem," he said, "but I'm
      UPI  -  545 words
    • Article
      Lock icon US construction spending up
      127 3 Reuter US construction spending rose to a seasonally adt usted annual rate of rS*lBO.3 billion (***** billion) In December from $177.8 billion In November. For the whole of 1977, spending rose 16 per cent to $170.7 billion from $147.5 billion in 1970. The Commerce Department said
      Reuter  -  127 words
    • Article
      Lock icon NY FED, BANK OF JAPAN INTERVENTION PACT
      413 3 Reuter THE REGIONAL Federal Reserve Bank of New York has Intervened on the New York foreign exchange market on a small scale on behalf of the Bank of Japan last month. Sources estimated the Intervention, carried out under an agreement, at a few
      Reuter  -  413 words
    • Article
      Lock icon Heavyweights in lead, zinc production
      469 3 AFP A SURVEY of the Western world's production of lead and sine between 1900 and 1975 published by the International lead and sine study group, shows that zinc mine output increased at an annual average growth rate of 3.9 per cent compared with 2.2 per
      AFP  -  469 words
    • WORLD IN BRIEF
      • Article
        Lock icon INVESTMENT FORECAST
        496 3 Agencies AMERICAN Council of Economic Advisers chairman Charles Bchultse said he expects business Investment to strengthen as the year progresses, and hit about 8 to 9 per cent next year. He told the House Appropriations Committee the estimates hinge on passage of the administration's tax programme and said
        Agencies  -  496 words
    • Article
      Lock icon UAE denies severing dirham link with dollar
      378 3 UPI UNITED Arab Emirates (UAE) officials on Wednesday denied British press reports that the state had untied Its currency from the beleaguered US dollar in favour of an index computed from a basket of various foreign currencies. "This is not true and there
      UPI  -  378 words
    • Article
      Lock icon Swiss central bank reports reserve rise
      231 3 Reuter THE SWIBB National Bank said its foreign exchange holdings increased by 122 million Swiss francs to 18.87 billion (8821.84 billion) in the last week of January. Intervention on the foreign exchange market exceeded US dollar sales In connection with the capital export conversion
      Reuter  -  231 words
    • Article
      Lock icon Aid group assures Burma of continued help
      274 3 Renter BURMA ww international approval far its srsnsmir development programme and aaeuraacee of continued financial aseistanos. This was ■nnonnnoH altar a meeting of tke Banna aid group at the World Bank European office in Paris. Burmeee sources said their country needed between US$2BO
      Renter  -  274 words
    • Article
      S'pore is top Asian Euromart centre
      745 3 LONDON'S ROLE DWINDLES LONDON'B share of the Euromarket slipped to 36 per cent at the end of last year from around 40 per cent in 1973 despite remaining the pre-eminent Euromarket centre, and Singapore has emerged as the main Asian centre, Mr. David Ashby,
      745 words
    • Article
      Lock icon US credibility at stake
      412 3 Reuter US Treasury Secretary Michael Blumenthal said on Wednesday It Is essential that the US make good this year on US$B35 million (S*l.9 billion) In unfunded obligations to International development banks. "Our failure to make good on these pledges has reduced the level of funds available
      Reuter  -  412 words
    • Article
      Lock icon REFINING OVERCAPACITY
      166 3 Reuter EUROPEAN oil refining capacity will have to be reduced by a further 00 million tonnes by 1880/82 to combat falling demand and current refinery overcapacity of around 30 per cent. EEC officials said about 82 million tonnes has already been removed since the EEC Commission estimated excess
      Reuter  -  166 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      219 3 What a trusted, efficient bank chose w& m U/r m jj i 11 a n i fW fci 1 iip' ■Utilimy, iP* 4'i 3«. 7>* fcvV''"' ■I* o A friendly concern for customers is the prime obligation in our bank. A friendly concern for their problems machinery, purchases, responses to
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      327 4 AFTER an unchanged opening In Singapore yesterday, prices advanced one cent on short-covering and speculative buying, but later up-country selling and profit-taking caused the market to retreat. The market closed easier on balance, with February One RSS buyers quoted at 202.25 cents per kUo, down
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    • Article
      RAS PRICES
      344 4 R A S prices In cenu per kilo yesterday: Noon Close (per kilo) (par kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 203 00 203 SON 202 25 202.75N Int. 1 R.S.S. February 203 25 203 75 202.25 202.75 Int. 1 R.S.S. March 202 50 203
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    • Article
      SSR AND SMR
      109 4 NOON SSR and SMR prices yesterday February March ■AS (CurrcM Mth) <Po« ■ward Mtk) (cenu par kg) (c« ■U par k|) SSR 20 (1—ton pallet) 194 00 198.00N 195 00 197 00N SSR SO (1—ton pallet) 192 00 194.00N 193.00 195 00N MRELB: SMR5CV (1—ton pallet) 213
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    • Article
      Closing prices
      30 4 Rubber: Feb 2: Singapore: February 202.25 cents (down 1.2S eeata) Malaysia: February 294.75 cent* (up I.SO cenU) Tin: SI.MS (down lit) Official offering: 245 toonee (up 13 tonnee)
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    • Article
      Hongkong comex
      158 4 THE SUGAR market yesterday closed mainly easier In quiet and featureless trading on uncertainty about reports reaching major sugar trade houses in the US of China negotiating to buy Indian crystal sugar. The Hongkong dally spot sugar price was steady at 8.95 US cents. Sugar futures e,O,In, iESL
      158 words
    • Article
      Produce exchange
      419 4 FRESH Inquiries for coconut oil highlighted a generally quiet and steady Singapore produce market yesterday. Coconut oil traders reported that none of these Inquiries resulted In sales as local sellers were offering prices at the same level as those of the Singapore Chinese Produce Exchange. One reason for
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    • Article
      Coffee
      220 4 ROBUSTA futures In London yesterday opened £17 lower to £13 higher on the previous close In sales of 138 lots. The official tone was "slightly easier". March eased on mixed selling orders to end the sesslon £12 down from Wednesday night at £1,745 having traded earlier at £1.751. The
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    • Article
      Palm oil
      73 4 CM K US dollars per ton LONDON: WcdMday hniwii Malaysia f>S ffa bulk April Sumatra 5% ffa Jan Feb March April May June/July Nigeria 5* ffa bulk ROTTERDAM Sumatra Feb ZaIre< Bel| francs per kilo) unch deleted MO sir 535 sir 512 50 sir 507 50 sir unch
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    • Article
      Straits tin
      175 4 THE Straits tin price In Penang dropped MHO per plcul to fl,BBB on an official offering up 13 tonnes to 245 tonnes yesterday. The drop was In reaction to Wednesday's sharp rise and also followed London late hours easiness. General buying demand was reported, especially from US and
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    • Article
      Sugar
      178 4 SUGAR futures In London yesterday opened £0.00 per tonne above Wednesday afternoon's closing levels. Turnover was 838 lots. The market opened quiet with prices slightly above steadier kerb levels on some selling reserve prompted by reports reaching major sugar trade houses In the US of China negotiating to buy
      178 words
    • Article
      Cocoa
      212 4 EARLY private reports of the circulation of a substantial tonnage of West African current shipment declarations held futures in check at the first call In London yesterday against the possibility of a £10 rise against New York. Prices finished the first call £3.50 up to £2.50 down based on
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    • Article
      Rice
      103 4 BANGKOK rice prices were again unquoted yesterday, with only maize quoted lower at UB9U4/119 sellers. Latest prices, unchanged from Tuesday, except for maize, are as follows: (US dollar* per tonne fob, ba»u Bangkok) WfciU riem 100 pet 1M claa« J70.100 pet 2nd clua >55.100 pet 3rd ciaa* 350 Spct
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    • Article
      Soybean
      95 4 SOYBEAN futures posted one to 2Mi cent a bushel gains at the end of a lightly traded session In Chicago on Wednesday. Speculative support was maintained on strength In soybean oil futures, but strong upward momentum was lacking and prices drifted back downward on profit-taking after top gains of
      95 words
    • Article
      Wheat
      38 4 WHEAT futures added to K cent a bushel, unable to hold earlier gains In Chicago on Wednesday. Conflicting reports on possible Chinese buying led to another round of shortcovering and selling which created a temporary price bulge.
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    • Article
      Copper
      323 4 COPPER wlrebars finished in London yesterday morning with losses of £12 for cash and £12.50 for Three Months. The market declined under a continuation of Wednesday's liquidation which was given fresh Impetus by the easier trend at New York and the current low level of physlcal demand. Three Months
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    • Article
      Silver
      152 4 BILVER finished In London yesterday morning 1.8 to 2.5 pence down. Wednesday night's New York close lower gold and persistent selling throughout the session from one quarter were the main depressing Influences, trade sources said. Dealers believe the offers were possibly on US account. Turnover was 105 lots. On
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    • Article
      Gold
      347 4 THE kllobar In Singapore yesterday opened *****.00 lower at 5513,144, due to a record low bid dine (589,000 ounces) at the IMP auction on Wednesday night. After opening, the market drifted to a low of S$ 13,099 before firming up to close at 5513.170. In the London market, the
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    • Article
      Lead
      72 4 LEAD finished yesterday morning In London with losses of £8.50 for cash and £7 for Three Months. Recent bearish sentiment was re-established as liquidation and fresh selling extended Wednesday's decline during fairly active pre-market and ring dealings. Three Months traded down to 1306.50 per tonne. But shortcovering partly recouped
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    • Article
      Zinc
      73 4 ZINC in London yesterday had morning losses of £4.T> for cash and £4.25 for Three Months. Modest long liquidation sent the price of Three Months down to £247 on the pre-market but short-covering steadied the position to £250 during ring dealings. Sales were light at 1,200 tonnes. On Wednesday,
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        530 4 BOTH the local money and forex markets were extremely dull yesterday. In the case of the former, dealers attributed the lethargy to the coming festive season and the apparent unwillingness to take positions. Rates continued to be low for local money and with little taking Interest, they failed
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      • Article
        Minimum lending rates
        54 4 v ACBC 7 rini Chicago 1 Algernon* Bank 7 Bangkok Bank 7 Bank of A—rtf 7 Bank of Ckina 7 Bank of Tokyo 7 Bank N«ara Citibank 7H H8BC 7 bill— 7^ Malayan Banking 7 MiUui Bank 7 OCBC *S UCB 1\k Ckaao Mankattan 7 DBS 7*
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      • Article
        Asian $ rates
        159 4 Asian rates ASIAN currency rales u at ckwe c deposit interbank m frt J: US MUi ra (Spas) 7days 1 mtti 2 mths 3 mths mUu mths IS mths .7 .71/1 .7 ft/10 .77/10 .713/10 ,77/t .715/10 8». Fr«. immii r 07/« 7 7 3/10 7 5/10 t11/10 7 J/4
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      • Article
        Discount
        47 4 RANGE OF price* of! fered by mSSm count houMi on Peb 2: Ovemlfht 3 v.* CHI deposit 3*% B«yta« 3-Month Treasury bill 3-Month Bank Dills 1 31/4 47/> 3 1/1 4 3/4 3-Month CD 51* > (-Month 5 9/16 S 7/14 Nattai «i DUcm ■t C*. IM
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        Euro $ rates
        145 4 Euro rates TRADING volume vu very km In Eurodollar deposits yesterday morning In London with some liquidity reported in shortdates. Week fix returned to Its normal keven-day run to trade at 7 and #-7/8 per cent after the previous day's 77/8 and 7-3/4 per cent when It had an eight-day
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      • Article
        Frankfurt
        54 4 FRANKFURT exchanges opening quotes on Feb 2: US 111J6/ (J.IU7/ 27) C*n I*loo/ 30 Bu4iii/ ia D PI S3 30' SO 8 FT IM.SO/ 78 Ut 2 438/ 4M F Fr 44 02/ 12 N Kr 41.1t/ 22 B Fr (COO) 8.46/ M B Ft (fin) 8 48/ 47
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      • Article
        London
        223 4 THE French franc yesterday weakened sharply to 4.8010/30 to the dollar from 4.7750/7850 overnight In fairly active initial trading with Its vulnerability in the spot market reflected In a widening of forward discounts. The pressure stems from fears over the outcome of next month's general election and has occurred
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      • Article
        New York
        122 4 THE DOLLAR closed firmer against major currencies in moderately active trading on Wednesday. Sterling eased to close at U551.9480/90. The mark fluctuated narrowly, closing at 47.29/32 cents, compared with its opening of 47.33/38, while the guilder eased to 44.12/18 cents from 44.20/22 and the yen was little changed
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      • Article
        Tokyo
        66 4 THE DOLLAR for overnight delivery yesterday closed at 241.85 yen, unchanged from the opening but up from 241.58 at Wednesday's close, Trading was quiet with volume US$l75 million, dealers said. The dollar for immediate delivery closed at 241.73, compared with 241.72 at the opening and Wednesday's close. Forward dollar
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      • Article
        Hongkong
        100 4 THE Hongkong dollar yesterday closed weaker at 4.0110/30 against the US unit compared with 4.6045/65 on Wednesday but firmer than the day's low of 4.6130/50. The US dollar moved In a narrow range around New York's closing levels In slow trading. It closed at 2.1145/55 marks against 2.1130/45 in
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      • Article
        Eurobonds
        343 4 THE Eurobond market In London was slightly more active yesterday morning but turnover was still below average. Straight US dollar bonds firmed by up to 1/8 point on continuing professional short-covering while Canadian dollar issues advanced slightly where changed despite the current weakness of the Canadian dollar on foreign
        343 words
      • Article
        Zurich
        74 4 ZURICH exchanges closing on Feb 1: US 1 MM M4O St| 3 MM MM Can 1 7M3 Mil D Mk M MIS KM D PI ST.SISI 1011 F Fr 41. MM 7335 B Ft I 0671 0630 D Kr 34 8310 MM N Kr M 22 OM 8 Kr
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      • Article
        Australia/NZ
        58 4 A U STR ALIA/NZ exchanges on Feb 1: AUSTRALIA: US dollar 1.1386/1 1347 Sterling 0 5088/0 5004 Ninety-day air mall buying Mm Sterling 0 8003/UB dollar 118 M Ninety-day forward buyinc rater Sterling 0 5532/U8 dollar 112 M NEW ZEALAND: Sterling 0 5252/0 52M U8 dollar 1 0278/1.0178 Ninety-day
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  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      116 4 i- ix Jf v i The oldest foreign bank in Singapore has just issued the latest investment facility. For a minimum deposit of US$5O,OOO you become the owner of a US Dollar Negotiable Certificate of Deposit. This desirable N C D not only offers the investor security and attractive interest
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  • TRANSPORT
    • Article, Illustration
      JAPANESE RESIST RUSSIAN INROADS
      1254 5  -  •y GOH ENG KEE 80VIET penetration of world liner trades is likely to create more controversy this year as it cuts deeper into the established shipping lines' share of the market, whlph does not appear to grow any bigger. This year, however, Japan has taken the
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    • Article
      Lock icon FAA attacks Britain over landing system
      556 5 AP THE director of the US Federal Aviation Administration (FAA) strongly defended US practices In a direct competition with Britain in developing the world's future bad weather landing system. Mr. Langhorne Bond, FAA administrator, said on Wednesday the United States had not reneged Its
      AP  -  556 words
    • Article
      Lock icon Floating plant sets sail for Brazil
      211 5 AFP THE FIRST part of a floating factory built for Brazil put to sea yesterday from the Japanese port of Kure near Hiroshima, for a threemonth journey of 26,000 km across three oceans. v A 18,000 hp tug tows the 220-metre long barge carrying
      AFP  -  211 words
    • Article
      Lock icon More operate from Antwerp
      154 5 AFP SHIPPING companies are making greater use of the port of Antwerp for voyages from Europe to West Asia. From this month, the firm, Doal-Bomcol offers services to Aqaba and Jeddah, on the Red Sea, with Grlsar Et Velge SA as agent. The Sudan Shipping Line
      AFP  -  154 words
    • Article
      Lock icon LONDON FREIGHT
      154 5 AP RATES throughout the London freight market were declining gradually on Wednesday as chartering activity failed to pick up. With the lack of impetus in North American grain markets, the "Modonna" accepted U5510.75 (flO) for a 25,000-tonne February March from the U8 Ouli to Japan. Last week, a
      AP  -  154 words
    • Article, Illustration
      SHIPS IN PORT
      300 5 4 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Eugenluss Kwlatkowskl (1100) 1/2 Nagoya Maru (1100) 40/41 Ocean Supply (B. Barge) (1500) 48 St. Louis Maru (0600) 18 Sarwaguna Tlga (1200) 22 Terrier (1300 Req. Portto) 8/9 PASIR PANJANG WHARVES Balantang (0900) Odns. 301 CB 6 1178-1246 Delima 100 0700)
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    • Article
      Lock icon No UK plans for new airport
      180 5 Reuter BRITAIN will not seed i aew airport bete* IMO, but the four «xi*tiß« airport* around London will bar* to be expanded. The government, in a policy document issued yesterday, suggests that tbe expected 72 million passengers a year in tbe London area in
      Reuter  -  180 words
    • Article
      Lock icon SEAMEN NO TO TALKS
      98 5 UPI THE ISRAELI SEAMEN'S and Officers' Unions on Wednesday called a general strike against all Israeliflag vessels. The announcement came after two weeks of selective shutdowns staged as part of a campaign for higher wages. A spokesman of the union revealed that they rejected a government
      UPI  -  98 words
    • Article
      Lock icon Seoul airline overflight bid
      72 5 AP SOUTH Korea plans to negotiate with the Soviet Union and Vietnam for permission for Its flag-tamer, Korean Air Lines to overfly the communist countries. South Korea hopes to negotiate with Vietnam, which has no diplomatic ties with Seoul, through the International Civil Aviation Organisation, officials
      AP  -  72 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      717 5 ARRIVALS a i na opnc* Operator Number Local Tim* Ft— CAL CI 333 0040 TPE/HKO/KUL TMA TL302B 0530 TPE MAS MH0O1 0715 KUL MAS MH682 0610 KCH SIA 8Q101 0615 KVL MAS MH621 0635 PEN MAS MH0O7 0645 KUL MAS MH07I 0045 PEN/KUL CAL CI814 1000 HLP
      717 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      55 5 SINTAT Rent-a-Car SINGAPORE AiRPORT TEL *****5 CITV TEL *****55 Call us for your local or onward reservations Where the Action is... Situated in Orchard Road -the centre of tourist, shopping and hotel hub in Singapore 7A PL'™ 1 fumi. Mw cci Roto Hotel Mma Court Hote4 Drive-in Shop: LUCKY PLAZA
      55 words
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  • Article
    Delay is only a question of time
    557 6 IT 18 neither surprising nor disheartening that the Singapore petrochemical project is likely to be delayed. Neither Is It consequential that there Is no real Indication of how long the hiatus might be before It starts up. It Is In the nature of
    557 words
  • Article
    No real sympathy for the losers
    271 6 IT IS very easy to give good advice to investors in a situation such as that surrounding the shares of Supreme Corporation. It was done admirably by certain stockbrokers who warned their clients to stay clear of the .shares. Even Polyanna would have doubts
    271 words
  • Article, Illustration
    SMA does not believe in getting results through influence
    1371 6  -  THIS MONTH, the four chambers of commerce in Singapore, Indian, Malay, Chinese and International, will establish one joint formal body, a Federation of Chambers of Commerce, with representatives from the separate chambers together with the Singapore Manufacturers' Association, a permanent forum
    1,371 words
  • Article, Illustration
    The Organiser Supreme
    631 6 THE HIGHLY organised structure built into the Singapore Manufacturers' Association, revealed in this profile, probably pleases its chairman Michael Yeo greatly, and is typical of him, for he is perhaps the Organiser Supreme. "My method is to say I want X, Y and Z done get it
    631 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      721 6 :v. iLLi sinQapura FORUM g# HOTEL 986 Orchard Road, S'pore t. Tel: *****2 406/407 Havelock Road, S'pore 3. Tel: *****1 Orachid inn "•n oml* in lti« orient" 214 Dunearn Road, S'pore 11. Tel: *****2 Cockpit JSfjaitX %P Oxley RiW Phubi Rood, S'pore 9. Tel: *****1 SNGAPORE HLTON HI Orchard Road.
      721 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      63 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Isolated showers around mid-day. REPORT for 24 hours prior to 7.30 pm on Feb 2 at the airport. Maximum Temperature .......30 2°C Associated Humidity .54 Minimum Temperature 22 5T Associated Humidity 94 Hours of Sunshine V« Rainfall in Millimetres trace
      63 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      284 6 tv&radio SINGAPORE 5 3.00 P-M. Opening announcements followed by housewives' Matinee The Shortest Wedding (Mandarin Repeat) 4.25 Intermission 605 Opening announcements followed by Exercise with Gloria* 6 30 News in Brief* 6 35 Hazel (Repeat)* 7 05 Serbanika (Malay)* 7 30 News and Newsreel in Malay* 7 55 Sports Parade*
      284 words
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  • Article, Illustration
    STRAWS IN THE WIND
    639 7 THIS IS THE invitation card for the grand opening of "a multi-million dollar exhibition of exclusive Royal Turkish ■and Superfine Persian Carpets and Artifacts" at the ballroom of the Hilton Hotel here on Wednesday night. I see what they mean by "multi-million dollar." The card itself,
    639 words
  • Article, Illustration
    Lock icon Carter beating his head on a brickwall
    947 7  -  By DAVID BELL FT PRESIDENT Jimmy Carter must, from time to time, envy the leaders of parliamentary democracies like Britain. By and large what they propose Is turned Into law by their legislatures more or less as they proposed it. That used to
    FT  -  947 words
  • Article, Illustration
    Lock icon Short can't see misery
    864 7  -  •y RUSSELL BAKER NYT SHORT PEOPLE are said to be angry about the success of a popular ditty called Short People which is a short heavy joke about persons of low altitude. As one of the long people I want to tell these outraged little people
    NYT  -  864 words
  • Article
    Clean sweep only answer
    1038 7  -  ■■■HI [FOROM, ...on economics By JOHN DRYSDALE IF I BEQIN with "green currencies. I am not budging from my declared aim last week of continuing with the discussion I started three weeks ago on the terrifying, but hushed, vicissitudes that shroud the world monetary system In
    1,038 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      401 7 mcifco HOTEL ASIA 37 Scott* Road, Singapore 9 Tel: *****8. HOTEL EQUATORIAL 429 Bukit Timah Road. Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scotts Road, Singapore 9 Tel: *****1. HOTEL GRAND CENTRAL 22 Orchard/Cavenagh Roads, Singapore 9 Tel: *****4. HOLIDAY
      401 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      64 7 BliStdW: franklfcctens I suppose w oc COULD Find P Fftucr urrn KMbCH* SUR Lft PLAG£ IT UOOIO B€.ThC CU«StMC VT ISH'T PILONE WP*D n WoflED... PtND Tv4t ft«ToHS \m c,Tf«V»H&/ f*S FISWiHG WORKS UP AH ftfffcTiTC Nlpffe! ft p»no it F&exs li ice B»G ong. come OM PIV SeRUTv/.'/// UJWcVtR
      64 words
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      Page 8 Advertisements Column 1
      442 8 3nned estate. Designed as found in other makes it Imaginative landscaping, outstanding architecture and a well established nursery where residents can purchase plants for their gardens are only a few examples of how Faber Union has shown its far-sighted method of development at Taman Desa. Now... the Taman Desa Business
      442 words
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      Page 9 Advertisements Column 1
      213 9 liV frllli'lr W frlrf jrlV fli»s g•; i t \;l >i> s-» Hll f« 11 •L r* <£Z 'H t< =*1 r P I>% B? 1 «A\ r X 1 Jlllfi! irri2*\% «i *£lfc K i? II v; i f.|l y-r^M ?"m m A. fcgw Sh •v K. N /'/a
      213 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      357 10 *HONOKONO: The stock Jurtet closed slightly firmer yesterday in slov trading, said. M The advance was mainly seen mP the blue-chip* where JinliM ■Jlitktwi gained 20 cents to i£ksl2.3o as did Hmc Koic c4uk $17.10. Hoac Kon* Um wadded five to >8.60 and <4fetettMa WWsm 2* to 3.528. Elsewhere
      357 words
    • Article
      Tokyo
      445 10 TOKYO: Share prices closed slightly lower yesterday after a firm start on Increased profittaking, dealers said. Export orientated shares rose initially following a recovery on Wall Street, but pumy closed lower on late profit-taking, with Sony falling 20 to 1,810. Mat■uahita Electric six to 587. The Dow Jones average
      445 words
    • Article
      Sydney
      271 10 SYDNEY: The stock market closed generally weaker yesterday. dealers said. Afternoon buying helped Bougainville three cents higher to 99 cents but CRA retreated seven to $2.0?. The Sydney All-ordlnarles was down 0.16 to 461.80. FEB 02 Cents INDUSTRIALS A. C I A N I 1678 152 -I A P
      271 words
    • Article
      Manila
      174 10 MANILA: The stock market closed mixed yesterday with commercial averages posting slight gains while oils and minings declined, dealers said. Turnover rose to 1.86 million pesos from Wednesday s 1.51 million. San Miguel gained two points while other commercial Issues remained steady. Atlai and Philex lost one point each
      174 words
    • Article
      Bangkok
      158 10 FEB *1 Babta All* Fibre 293 +2 Bangkok Bank 3*7 unch Bangkok Invert. 490 18 Bangkok-Metro-politan Bank Bat* MS +30 Berll Jucker 542 10 Carpet Intnl Charoonf Thai Wire 438 Dumex Duslt Than! 414 18 Faber Merlin First Truat 1075 ♦4 Genera Finance 490 +29 Indo-Thal Industrial Finance Corp
      158 words
    • Article
      Amsterdam
      276 10 AMSTERDAM: Share prices generally fell In quiet trading with Royal Dutch 0.80 guilders lower In otherwise steady Dutch Internationals on Wednesday, dealers said. FEB 01 fis Ahold 102 00 unch Ak»> 22 00 ♦0 1 Algbank 330 50 -1 AMEV 79 70 +0 2 Amtas 102 SO -15 Amrot
      276 words
    • Article
      Brussels
      107 10 BRUSSELS: Belgian share prices were mixed In quiet trading on Wednesday, bourse sources said. FEB 01 Frs FORWARD MARKET Acec 258 3 Arbed 2025 unch Astur 370 -2 Brascan 426 -4 Bru-Lamb 1408 -8 Canpac 500 14 Cock 353 unch De Beers 163 +2 Ebes 2400 -5 Electrobel 6030
      107 words
    • Article
      Frankfurt
      221 10 FRANKFURT: Share prices advanced on balance after an easier or barely maintained opening with buy-back operations providing support in some sectors on Wednesday, dealers said. FEB (1 Dm Aef-Telefunken 92 80 ♦OB Akzo 20 50 urvch AlULMwn Ml Alls Vert 4S3 +0 BAST 131 ♦0.4 BayHTWbank m unch Bay
      221 words
    • Article
      Paris
      310 10 PARIS: The market again lost ground in very thin, featureless trading on Wednesday. < said. dealers FEB 91 Frs CORBEILLE Air-Uquide 2% 90 •l.l B S N Qervais Danone 330 13 C S F (Thomson Csf) 134.90 ♦1.1 Cle Francalse des Petroles 96 -l.l Compagnie Financiers Compafnie Generate 200
      310 words
    • Article
      Milan
      124 10 MILAN: Stocks closed easier In modest dealings on Wednesday. The continuing government crisis was cited as a depressing factor, dealers said FEB *1 Lire Anlc IS -4 5 Assoc Gen ***** -1(0 Baslogl 399 -4 Centrale 3748 -52 Fiat 1920 -19 Flnslder 82 25 ♦0 5 Gen Immob 82
      124 words
    • Article
      Jo'burg
      328 10 JOHANNESBURG: Golds were quietly steady on Wednesday following higher bullion Indications and ahead of the IMF gold auction, dealers said FEB tl Rand 1NUI STRIALS A Alpha Ahrrroni -S AE And CI ♦2 AMIC M5B Barlows 385 unch Ci Sugar CMA 700 130 unch Currte Finance 55 unch Or
      328 words
    • Article
      New York
      927 10 NEW YORK: The stock market, aided by favourable signals from the economy, rebounded sharply across the board In active trading Wednesday. Analysts saw nothing fundamental In the news background to account for the heavy buying. But they said the market's ability to dlgwt a dividend cut by US
      927 words
    • Article
      Zurich
      215 10 ZURICH: Stock prices closed mixed In fairly active dealings on Wednesday as some profittaking set In after the recent advance. dealers said The Credit Suisse Index rose 0 2 point to 260 Fl Ac £8 *1 Francs -tlonsSulim 281 1 Al usuiue Br 13M 45 A1 usulue R*g 567
      215 words
    • Article
      Toronto
      260 10 TORONTO: Share prices closed sharply higher In active trading on Wednesday. The Composite Index was up more than 7-1/2 points and the oil and gas index rose 26 points. Its best gain in two months. Advances outpaced declines 243 to 155. v*B« C* Abitibi 10'. Alcan 26S Algoma 15
      260 words
    • Article
      Indices
      64 10 FINANCIAL TIMES INDUSTRIALS Wednesday 466 8 Tuesday 467.0 Week Ago 483.2 DOW JONES AVERAGE INDUSTRIALS Wednesday 774.34 Tuesday 760.02 Week Ago 772.44 LONDON DOLLAR PREMIUM Wednesday 73W to 74 Tuesday 72V to 73M H.K. HANG SENG Wednesday 404.04 Tuesday 405.32 Week Ago 405.57 SYDNEY INDUSTRIALS Wednesday 400 65 Tuesday
      64 words
  • INTERNATIONAL COMPANY NEWS
    • Article
      American Express earnings up again
      430 10 NORTH AMERICAN COMPANIES' NEW YORK: American Express Company reported preliminary consolidated net earnings gains of 34.8 per cent for 1977. It was the 30th consecutive year of Increase In net earnings and net earnings per share. Net Income for the year was U*****.1 million, or
      430 words
    • Article
      Lock icon Conoco to spend more
      135 10 Reuter CONTINENTAL Oil Co said consolidated capital spending and cash exploration expenses In 1978 will be In the range of US$l.25 billion to $1.5 billion. The spending, even at the lower estimate, will be a significant increase from 1977 spending of an estimated $960 million. Conoco
      Reuter  -  135 words
    • Article
      Unilever expansion
      59 10 UNILEVER Oroup's Lever Brothers Co subsidiary said it plans to spend US$3O million to modernise and expand Its Hammond, Indiana, plant. The company said it will build a new soap finishing plant which will more than double soap processing and packing capacity at Hammond. Lever said the new
      59 words
    • Article
      Lock icon Carter Hawley bids for Marshall Field
      262 10 Reuter CARTER Hawley Hale Stores, Inc., the Cali-fornia-based chain retailer, made a formal offer for Marshall Field and Co. worth about US$3BO million. The tender offer caps weeks of wrangling between the two companies. Marshall Field, a venerable Chicago-based department store chain, has filed
      Reuter  -  262 words
    • Article
      Polaroid optimistic
      204 10 POLAROID Corp senior vice president Peter Wensberg said he sees no reason why 1978 earnings and sales will not be higher than 1977. The company has not reported 1977 results, but president William J. McCune Jr. told reporters and analysts earlier 1977 results would be higher than 1970.
      204 words
    • Article
      Du Pont phase-out
      90 10 DU Pont Co said Its Du Pont de Nemours (Nederland) BV subsidiary decided to phase out production of orlon acrylic fibre at Its Dordrecht plant over 1978 and 1979. The company said about 475 of the plant's 1,600 employees are involved in making orlon, and staff reductions
      90 words
    • Article
      Lock icon AT & T sees 18.5 pc gain
      193 10 AT T sees 18.5 pc gain Reuter AMERICAN Telephone and Telegraph Corp. reported 1977 profits of U554.54 billion, an 18.5 per cent gain over 1976. AT and T said it had revenue* last year of $36.5 billion, an 11.2 per cent gain. The earnings per •hare totalled $6.97. Chairman John
      Reuter  -  193 words
    • Article
      Lock icon Texas Eastern output
      148 10 Reuter TEXAS Eastern Corp said its North Sea oil production should average about 18,000 barrels a day this year and could reach 80,000 in the early 1080's. It added that 1078 capital expenditures are expected to be substantially higher than 1977's $184 million. Chairman and president George
      Reuter  -  148 words
    • Article
      Tax boost for BAT profit
      444 10 EUROPEAN COMPANIES LONDON: BAT Industries said tax reductions relating to prior years reduced the average rate of tax in the year ended Sept 30 and contributed to the 24 per cent rise in attributable profit to C2lO million. Tax reductions arose chiefly from a change
      444 words
    • Article
      Lock icon Leyland plans division split
      213 10 Reuter BRITISH Leyland car division will be split into "volume" and "specialist" divisions, chairman Michael Edwards said. Mr. Edwardes told a press conference a third company, BL Components, will be created to take over all car component, parts, foundry and body operations. The company's workforce must
      Reuter  -  213 words
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      Page 10 Advertisements Column 1
      122 10 study with Wolsev Hall OXFORD Institute of Administrative Management Institute of Bankers Inst of Chartered Secretaries K Administrators Inst of Statistic ans London Chamber of Commerce 8< Industry HSC GCF A Level MCE SCGCE O Level London AEB GCE A K O Levels Modern Mathematics for Teachers Foulks Lynch IXHSIDON
      122 words
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      Page 11 Advertisements Column 1
      820 11 1 i 1 •rYf m: •£••">. 4 <+•■ -v.' At <-, P A- 4 w .j l :-V? iS® •^3•'v:: -•■I-' iV? V r ¥£vY}•*:■•<.- \p&..•'; ■ft: •.V /£>' f. C •>•'' v. ■> V W-VV,;;• S •>: ~pt SE2W "f sSMSsi :-v ,v~ I§||lip > .v;-; v ;-r EI
      820 words
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  • Article
    Transactions in Singapore
    1480 12 BID aad Ar prims officially Hated and business in and upiilei to Ike Stock Exchange of Magapsrs yesterday witk the Mk* of Aerie triaod shown in brncfcela in o«s of 1.888 unit* unless othorwiae spociflod. All tima flittl—it Contract* are stod5 tod after the world "Sett". Beard
    1,480 words
  • Article
    In Kuala Lumpur
    1475 12 BID and offer price* officially li*te<l and buaine** in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of (hare* traded shown in bracket* in lot* of 1,000 unit* unle** otherwiae ipecif ied. INDUSTRIALS AJ memo to (2.168). Alcam (2.648 2.665) (2) 2.64. A.
    1,475 words
  • Article
    GOVERNMENT BONDS
    141 12 4 3/4% 1/5/79 (250,000) (1M.678 1M 70S) 5 1/4% 15/10/79 (250,000) (101.208 101.255) 5 3/4% 15/6/80 (250,000) (103.70B) 4 3/4% 15/9/80 (250,000) (99.478 99 575) 6 3/4% 1/12/80 (250.000) (103.70B) 5% T F 15/4/81 (250.000) (101.MB) 5% T F 14/10/81 (250.000) (101.45B) 5% T F 1/5/83 (250.000) (1M.058
    141 words
  • Article
    CORPORATE BONDS
    102 12 B O T 8 1/2% 1981 (IM.OM) (101' iB 101HS) B O T 7 5/8% 1984 (100,000) (96*8 96\S) Credit Lyoonais Floating 1983 (IM.OM) (98SB 995) DBS Converts 6 1/2% 1991 (IM.OM) (9558 96*S) D B S 8 1/2% 1982 (IM.OM) (IM*B IM*S) E I B 9% 1982
    102 words
  • Article
    Stock options
    188 12 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of op Cold Storage (March 81.79) (0.308 0.325): (June 81.70) (0.348 0.385). C and C (March 12.20) (0.558 0.595). (June 12.20)
    188 words
  • Article
    Unit trusts
    154 12 SINGAPORE UNIT TRUST (Manager*' prion for Feb 3) INCOME BOND UNIT The Commerce.... 1.77 1.88 INCOME BOND 1 00 1.18 The Saving Fund 1.12 1.18 8 pore Prog Fund 0.81 0.86 MARA BUMIPUTRA FUND S pore Security 1.81 1.71 (Managers' pricei First Bumlputra far Feb 1) 2 23
    154 words
  • Article
    KLSE shows caution
    613 12 SPECULATIVE Supreme Corporation featured prominently in yesterday's trading on the Kuala Lumpur stock market. > While Initial business In the overall market was generally heslstant, Supreme moved up by leaps and bounds tight from the opening bell. The first deal struck was a massive 22 cents higher
    613 words
  • Article
    SHARE INFORMATION SERVICE
    2393 12 Hi<k Low Company Last Sab +orGr's Dir OiT Crr Gt'i Y*M Not P/E Vsl Day (*686) Hick Low 8ECTION ONE INDUSTRIALS 154 200 119 246 88* 205 169 278 422 146 132 165 58 212 57* 155 144 182 350 91 Acma Alcorn Allied Choc Bata Ben
    2,393 words
  • Article
    CHICAGO BOARD OPTIONS
    1284 12 February 1 TRADING on the Chicago Board Options Exchange came to 84,764 contracts compared with 80,967 contracts on Tuesday. OPTION AFL JLY OCT STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR AUR Avon Avon-p Avon Avon-p Avon Avon-p Bank Am Bank Am
    1,284 words
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  • Article, Illustration
    Morning rally not sustained
    570 13 SINGAPORE A BRIEF rally among HheMi stocks took place in tko morning bat lost atoam towards tko latar part sf trading oa tko Stock Exckango of Singapore yesterday. On tko wkolo boainooa, waa qui to active witk moat counters kmrlag around tkair overnigkt Imla. Tko daoing
    570 words
  • COMPANY NEWS
    • Article
      DIVIDENDS ANNOUNCED
      171 13 Ciil Ka Data Tata) far TaUl gitfc— tti CaaaaKl 19MKC) Jan 19 Fab is 190% Saatkara Malayaa Tla Jan 10 Jan 1 Feb 19 Fab 16 nradtatac(M) MTC TMMtlah 09% (et 30% sos 90% 3.9*1 Febl FtobB 3.9% 11.M PwUa PluUtlm 12.5% Feb 3 Feb 23 B.9% 10%
      171 words
    • Article
      Kempas plans to buy Devon
      704 13 KEMPAS Malaya has announced its Intention to acquire the whole of the Issued capital of Devon Processing, which owns two SMR factories and a palm oil mill, from their common parent, Slme Darby Holdings. In a letter to the Kuala Lumpur Stock Exchange and a
      704 words
    • Article, Illustration
      Profits at Perlis rise four-fold to M$26m
      470 13 TRANSFORMED by the flr»t full year's contribution from Malaysian Sugar Manufacturing, group pre-tax profit at Perils Plantations took on an explosive fourfold Increase to M 926.32 million for the year ended Sept 30, 1977. Previously, group earnings came to 15.41 million but when
      470 words
    • Article
      Dispute between Loy and Sharma hots up
      265 13 A SPOKESMAN for Malayan Produce Company (MPC), which 1s suing Central Securities (CS) for payment of $10.82 million in loans and interest accrued, has qualified the claim by CS's deputy chairman. Da to Loy Hean Heong, that the loans had been settled in
      265 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      222 13 n a < I r'/vMO (^AN PACC *> w J* R, t fttombor of ttw Tim* Publishing Group W 4 4 w A welt-read person is a well informed person. That's why he can always talk about any current event or join in on any conversation amongst friends, colleagues or
      222 words
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  • Article
    Lock icon Soybean body moves to block aid for palm oil
    224 14 Reuter THE AMERICAN Soybean Association urged the US Treasury to reconsider its support of World Bank loans that subsidise palm oil production. _JTi>e association, based in Hudson, lowa, also said It would seek congressional action to deny US funds to the-World
    Reuter  -  224 words
  • Article
    Bouquet for Singapore
    72 14 CHAIRMAN of Chase Manhattan Bank, David Rockefeller, yesterday spoke highly of Japan, South Korea and Singapore. Mr. Rockefeller is skipping Singapore on his current tour and asked If there were adverse reasons for this he answered, "None at all. Our relations with the Singapore government have been
    72 words
  • Article, Illustration
    Lock icon Japan urges EEC to exercise patience
    907 14 SOARING DEFICIT FOR COMMUNITY Reuter AFP JAPAN'S Foreign Ministry yesterday urged the European Economic Community to be patient over Its huge trade deficit with Japan. The deficit soared to about US$5 billion (85U.65 billion) In 1977 and Mr. Nobuhlko Ushlba, Japan's Minister for External
    Reuter; AFP  -  907 words
  • Article
    C-MART DEFENDS CURBS
    423 14 A SENIOR official from the European Economic Community has made a strong defence of Its import restrictions on textiles, steel and other sensitive goods. In defending the EEC's trade curbs, Mr Jackques Besnard, head of the trade division, the EEC secretariat, posed the question: Does International liberalism
    423 words
  • Article
    Lock icon Gold price will fluctuate
    566 14 Reuter THE GOLD price Is likely to continue to be subject to considerable fluctuations like other metals. Chairman of the EEC monetary committee Jacques van Ypersele de Strlhou said in an article in the Belgian weekly newspaper "Belgique Numero L" social and political developments in South
    Reuter  -  566 words
  • Article
    LONDON STOCKS
    777 14 LONDON. Thurs. The market closed mostly lower with concern. over pay agreements relnforead by news that the miners have rejected the Coal Board's lfr-per #nt offer. At 3.00 p.m. the Financial Times Index was down 7.5 at 43L3 .Mining shares continued easier, reflecting the falls in the gold
    777 words
  • Article, Illustration
    More active UK role on local finance scene
    751 14  -  h Our Reporter TOP UK banker, Mr. Malcolm Wilcox last night predicted deeper British involvement in Singapore's development as a financial centre. Mr. Wilcox, president of the London Institute of Bankers and director and chief general manager of Midland Bank, said. "We
    751 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      38 14 A THE ARCADE RAFFLES PLACE-COLLYER QUAY REDEVELOPMENT PROPOSED LAYOUT PLANS FOR THE SHOPPING ARCADES ARE NOW ON DISPLAY AT NO. 9 THE ARCADE A SINGAPURA DEVELOPMENTS PTE. LTD. 5889-5896 WOH HUP COMPLEX,GOLDEN MILE. BEACH ROAD S PORE 7.
      38 words
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      Page 14 Advertisements Column 2
      92 14 DO YOU KNOW... What is behind the big shake-up at the Bank of America? The latest oil discoveries in Indonesia and Malaysia 9 How extensive the Philippines' shipbuilding programme is 9 What plans Indonesia has for tourism? Why Taiwan does not expect a drop in electronics exports this year? That
      92 words