The Business Times, 15 February 1978

Microfilm: NL9611
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, FEBRUARY 15, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Stability assured
      73 1 AFP. HONGKONG, Tues. Hongkong has been assured of five years's stability In Its major markets, Director of Trade, Industry and Customs David Jordan said here today. Speaking at the Inauguration ceremony for newly-elected office bearers of the Federation of Hongkong Garment Manufacturers, Mr. Jordan said the assurance had
      AFP.  -  73 words
    • Article
      Lock icon EEC jobless woes
      68 1 Reuter. STRASBOURG, Tues. The President of the European Common Market's Executive Commission, Mr. Roy Jenkins, said today that between how and 1985 nine million more young people would be looking for Jobs in the nine-nation community. This would be In addition to the 6.5 million at present
      Reuter.  -  68 words
    • Article
      Lock icon Leftists think big
      83 1 Reuter. PARIS, Tues. A left-wing government in France would raise an extra 80 billion francs (Ss29 billion) this year to pay for Its election programme of nationalisations, social reform, and big wage rises for the poorest, the opposition Socialist Party said today. Heavier taxes on business and
      Reuter.  -  83 words
    • Article
      Lock icon Small is rich
      73 1 AP. VADUZ (Liechtenstein), Tues. Man for man, Liechtenstein has emerged as the wealthiest nation of the Western World. The highly industrialised principality of 24,000 recorded a gross national product of 660 million francs In M 76 for a per capita GNP of U5511,055 (£525,426), said an official
      AP.  -  73 words
    • Article
      Lock icon Wooing investors
      66 1 AP BONN, Tues. The battle to attract foreign companies to the United States is heating up as the dollar plummets in Europe. Twenty-two US states and 11 port authorities are vying full-time for companies forced by the eost squeeze to establish subsidiaries In the United States. "Competition is
      AP  -  66 words
    • Article
      Lock icon Asean ties first
      80 1 Reuter BANGKOK, Tues. Prime Minister Krlangsak Chamanand said last night that Thailand would give top priority to relations with Its partners in Asean under the country's current foreign policy. He said that his coming 12-day visit to Malaysia, Indonesia, the Philippines and Singapore was aimed at stressing
      Reuter  -  80 words
    • Article
      Lock icon Dow Jones
      100 1 UPI NEW YORK, Tues. Prices were on the downturn during the first hour of trading yesterday on £ie New York stock exchange. Turnover was ode rate. •Analysts said the dollar's decline In foreign exChange trading was a major force discouraging •ny advance. The failure of Treasury Secretary flichael
      UPI  -  100 words
  • Chief Price Changes
    • Article
      In Singapore on Feb 14
      125 1 Rites Most active Ayer Hitam Tin UnlliU Strait* Trading Duniop lad OCBC 030 53 560 410 595 +20 +11 10 10 +5 Pahang Cons F. Merlin Pan Electric API 300.000 203,000 144,000 130.000 Bouateadco DBS ■ipim Carp* Duniop Eet 155 350 310 280 +5 +4
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    • Article, Illustration
      In Kuala Lumpur
      154 1 Rises Most active Kramat Toshiba 8.00 3.54 .20 .12 Pahang Cons F. Meriln 375,000 278.000 Ton g* ah 2.80 +.10 Supreme 231,000 Guinness 4.94 +.10 Art 206.000 S Trading UnlUte Matsushita 5.70 .10 Total Turnover: 3.42 m 0.54 1/2+ 00 1/2 3.04 +.08 Total Value: M86 .13
      154 words
  • Article
    Electronic MNCs eye Singapore
    818 1  -  OFFSHORE BASE FOR ASIAN PRODUCERS By RONKIE LIM SINGAPORE'S electronics Industry will continue to grow, as increased investments from Asian countries, especially Japan, are expected to come in over the next few years. Industry sources said that countries like Japan, Korea and Taiwan, which are currently
    818 words
  • Article
    Progress in Concorde talks
    249 1 THE BRITISH Undersecretary for Trade, Mr George Rogers, said in Kuala Lumpur yesterday be hoped that the problem over the ban of the Concorde overflights over Malaysian airspace would be resolved soon. Mr. Rogers, who led a high-level British team to the two-day negotiations with Malaysian
    249 words
  • Article, Illustration
    Way ahead in capital formation
    660 1  -  •y JOHN TAN SINGAPORE'S rate of capital asset formation Is probably the highest among developing nations, made possible by an exceptionally high rate of savings by the government and by individuals. In recent years, however, the trend has been towards more fixed asset formation in
    660 words
  • Article
    Central clearing scheme to operate by August
    324 1 THE STOCK Exchange of Singapore ha a implemented ti>e central clearing house as part of iu second five-year plan. The go-ahead was given at an extraordinary general meeting on Jan 7, although three member companies opposed the scheme. The vehicle set up for
    324 words
  • Article
    Lee outlines formula for closer trade links
    550 1 PRIME MINISTER Lee Kuan Yew yesterday urged Commonwealth nations In the Asia-Pacific to take action on four fronts to boost trade and economic cooperation. They are: Allow and facilitate greater travel and contact between the people and Instant communications between the traders. Ensure
    550 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      32 1 whatever you need in menswear,get it at... IMmM MOHAN'S DEPT. STORE (PTE.) LTD. 321 Orchard Road Ttt *****22 (next to Mandarin HoleO Branch: 10V Tmgiin Shopping Ctntra 1M *****40 Daily 9am-9 pm
      32 words
    • Advertisement
      Page 1 Advertisements Column 2
      106 1 See You Tonight Dm*.' and Dance at the same time in our Nite Club at NO EXTRA COST Be sooth by one of the most popular Band Group in town I he Green Eyt rTtTTTTTTTTTTTTTT^ Featuring TOMia 33&5: Nightly at the Nite-Club f, Imm 'r f m < i Ws£L
      106 words
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      Page 1 Advertisements Column 3
      58 1 HMDS MALAYSIAN in«oa( outlook la uncertain THE nurkat for paper topi era JAPANESE ud German akipownera cloaa ranka NPB plan aaroaa it on productivity RISING in the Eurodollar FORUM: Of akilla and GOOD Textile at Soutk Pacific CAPEL forecaata I OP AO 2, CROSSWORDS t AIRCRAFT SCHEDULE WEATHER C, TV
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      Page 1 Advertisements Column 4
      197 1 TABSCTA LITE e-sors P PROGRESSIVE ENTERPOSE PTE LTD ]'"'^;!:%)|";+]{@(^~~<_[~,'>.~+ Which logo is the right business calculator fop you? Olivetti Logos. A range, of calculators designed to do more hard calculating work than most machines. There's the new Logos 42a that comes with a well-designed keyboard for fast, easy operation. The
      197 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      200 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Feb 13 Mar 31 Administrative management YWCA, Marine Parade University of Singapore Feb 17 Community Antenna Television Hyatt IREE 17,18 improving Manager's effectiveness Hilton Consulasla 27,28 Finance for sales and marketing management Hilton Consulasla Mar 1.2 Maximising profitability from major customers
      200 words
    • Article
      Uncertain investment outlook in Malaysia
      669 2  -  By SOH TIANG KENG DESPITE the favourable short-term economic outlook, investment prospects in Malaysia remain uncertain this year. This Is the view of Chase Manhattan Bank which predicts "continuing sluggishness In fixed Investment and its potential Impact on long-term growth prospects." But Chase, In its
      669 words
    • Article
      Marginal increase in EEC rubber imports
      424 2 EXPORTS of Malaysian rubber to major EEC countries Increased marginally from 335,777 tonnes (M 5657.7 million) to 346,183 tonnes ($711.4 million) from January to November last year compared with the same yearago period. In contrast, the sales of Malaysian rubber to the major East
      424 words
    • Article
      Return of China to palm oil market
      285 2 A SIGNIFICANT feature In the development of the export sector of the Malaysian oil palm Industry In November last year was the re-entry of China as a buyer of this commodity. According to the Oil Palm Monthly Statistics of Malaysia for November 1977,
      285 words
    • Article
      Lock icon SEPTEMBER TIN OUTPUT DOWN
      148 2 Reuter. WORLD mine production of tin concentrate last September was 14,600 tonnea compared with 14,800 tonnes a month earlier, and 14,900 tonnes In September, 1976. The International Tin Council said In Its monthly Statistical Review that this brines the 12-month moving total to end-September, 1977 to
      Reuter.  -  148 words
    • Article
      Drought loss M$20m
      47 2 THE current long dry spell affected about 20,000 of 38,000 hectares of padl land outside the Muda irrigation scheme In Kedah. This has resulted In an estimated loss of more than MS2O million, the Btate Deputy Director of Agriculture, Enclk ZulklfTl bin Ayob, said.
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    • Article
      Canadian team coming to tap new marts
      197 2 A CANADIAN trade mission will arrive here on Sunday, as part of a South-east Asian tour to find new markets for the country's manufacturers of ocean ographlc products and services. The mission will comprise representatives from a number of Canadian companies from the
      197 words
    • Article
      Lock icon HK textile exports shrink
      97 2 Reuter. THE VALUE of Hongkong's domestic exports of clothing (excluding fur) fell to HK113.68 billion (556.84 billion) in 1977 from $14.14 billion in 1976. The Statistics Department figures show that exports of textile yarn and fabrics also fell to $2.85 billion in 1977 from $3.05 billion
      Reuter.  -  97 words
    • Article, Illustration
      Rising demand for plain paper copiers
      333 2 PLAIN paper copiers will take an increasing share of the world's copy machine market while the market share of chemically coated paper copiers will decline. Mr. Takaakl Yamamoto, general manager of the copier products export division of Canon, estimates that from now until IMO,
      333 words
    • Article
      Unions' stand on uranium mining a positive step
      467 2 FIRMS involved in two major Australian uranium projects, Ranger and Jabiluka, said yesterday that last Friday's vote by trade unions to allow existing uranium export contracts to be honoured is a step in the right direction. They hope for meeting as soon
      467 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      288 2 The Business Times of Malaysia and Development Bankof Malaysia Asean-West Asia Investment Conference Kuala Lumpur, Malaysia, 9-10 March 1978 Asean resources and manpower, West Asian finance and the technology and expertise of the industrialised countries can be harnessed for mutual benefit. The Asean-West Asia Investment Conference in Kuala Lumpur will
      288 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      586 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 A burner of cakes, etc? 7 Relatively great physicist (8) Owl's double (4) 10 Muster everyone into a sporting contest (4, 2) 11 One strikingly obstructive 14 In the end, It's contracted ie JUL a red out of practice (S) 17 One born to
      586 words
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  • OVERSEAS
    • Article
      Lock icon Striking coal miners won't be ordered back yet
      384 3 UPI, AP TH"K Carter admlnlstratfcm has no immediate plana to invoke a back to work order for striking coal miner a, but US Labour Secretary Ray Marshall Is stepping up government efforts to help end the record 71-day walkout. With coal supplies
      UPI,; AP  -  384 words
    • Article
      Lock icon Retail sales dip
      133 3 Reuter. UK RETAIL sales fell by 0.9 per cent In January following the final 3.1 per cent ga\h In December over November. The retail sales Index, bine 1971 declined to 106.0 In Jahuary, still higher than any single month in 1977 except December's 107, the Department of
      Reuter.  -  133 words
    • Article
      Lock icon Iran seeks greater control of oil sales
      953 3 Agencies. IRANIAN oil exports dropped 18 per cent last month from December. January exports reached 4.63 million barrels a day 1.1 million barrels less than in December last year. The National Iranian Oil Company (NIOC) sold 1.48 million barrels of the January total.
      Agencies.  -  953 words
    • Article, Illustration
      IN ONE FELL SWEEP
      85 3 A DUTCH company, Tennant NV, is producing a new industrial sweeper that will pick up anything from fine and bottle*, and clear up to 20,000 square metres in an hour. The machine can take in a threequarter tonne load of garbage before dumping it into transportable
      85 words
    • WORLD IN BRIEF
      • Article
        MEANINGFUL GOLD ROLE
        445 3 SOUTH AFRICAN Finance Minister Owen Horwood ■efl he is optimistic about the-gold price although he expects it to fluctuate somewhat before advancing toEigfc levels. I He told Parliament that the new IMF articles expected to become effective within three months will nave the effect of giving gold
        445 words
    • Article
      Limit sales call
      31 3 THE Thai government has asked Japan voluntarily to restrict Its exports to Thailand of goods which can be produced locally. The request, includes electrical appliances and textile products.
      31 words
    • Article
      Lock icon Figures explode myth of British Disease
      269 3 NYT BRITAIN'S reputation as perhaps the world's most strike-ridden country may in fact be undeserved. According to figures from the International Labour Organisation, Britain's strike record from 1987 to 1976 was much better than that of the United States. The UK lost an average
      NYT  -  269 words
    • Article
      Lock icon Producers meet to set sugar estimates
      246 3 Reuter THE GROUP of Latin American and Caribbean sugar exporting countries (Geplacea) opened Its eight plenary conference In Mexico City on Monday, to establish precise estimates of sugar production and consumption for the 1977/ 78 season. Delegates from the 21 member countries, and the
      Reuter  -  246 words
    • Article
      Lock icon Evidence adds new twist to Textron payoff
      310 3 NYT. THE US Swte Banking Committee on Monday heard evidence on wnn payments by Textron Inc. which, informed sources •aid, differed from William Miller's testimony last Jan 24. Mr. Miller, Textron's chairman, is President Carter's nominee to replace Arthur Burns as chairman of
      NYT.  -  310 words
    • Article
      Lock icon Central banks have no plans to support $
      966 3 Central banks have no plans to support CURE FOR FRENCH FRANC UPI, Reuter. WESTERN central bank governors held their regular monthly meeting this month apparently without any concrete measures planned to support the US dollar which continued its downward slide against other major currencies. The bankers, from the 13 richest
      UPI,; Reuter.  -  966 words
    • Article
      Lock icon Shipping firm sued over unpaid crew
      101 3 AFP. THE HONGKONG Legal Aid Department Is suing a Taiwan-based shipping company for HK124d,000 (S9120.000) to help the unpaid crew of the debtridden ship, Nguyen Navigator. Meanwhile, the Supreme Court Registrar has already called for tenders for the sale of the ship by auction.
      AFP.  -  101 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      744 3 Now $60,000 travel insurance at no cost to you Now the American Express Card, issued in Singapore dollars, gives you 5560,000 travel insurance every time you or your family travel on tickets which are obtained by using the American Express Card. Only the American Express Card gives you this valuable
      744 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      193 4 THE market In Singapore closed quietly easier with March One RSB buyers quoted yesterday at 202.00 cents per kilo, down 0.25 cent from Monday's close. Opening prices were unchanged on stale bull liquidation and lower London advices alternating with short-covering and upcountry buying. Afternoon prices
      193 words
    • Article
      RAS PRICES
      302 4 R.A.S. price* la cent* par Ulo yee Wtfey: Noon (par kilo) CVm (per kilo) Int. 1 R.8.8. prompt f.o.b. Int. 1 R.8.8. March Int. 1 R.8.8. April Int. 2 R.8.8. UK/Cont. Int. 3 R.8.8. UK/Coot. Int. 4 R.8.8. UK/Cont. Int. 4 R.8.8. UK/Cont. Buyen 201.30 201.90 202.29 197.90
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    • Article
      SSR AND SMR
      85 4 NOON SSR and SMR prices yesterday March A»ril HAS ICmMWt) (FvwaHMtk) (e«Mi <«• ■uparkc) SSR 20 (1-ton pallet) 183.50 195 50N 194.50 196.SON SSR SO (1-ton pallet) 191.SO 193.SON 192.50 194.SON MRELB SMR5CV (l-ton pallet) 213.00 21S.00N 214.00 216.00N SMR5L (1-ton pallet) 207.50 209 SON 208.50 210.SON
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    • Article
      Cloalng prices
      30 4 Bafctar: Fmb 14; Singapore: rJCumry emu (down 0.2S cant) Malaysia: March SM.6O cents (down IJt canto) Tin: 11.7 M (down $351 Official otferiac: 336 tonne* (up 142 tonnes)
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    • Article
      Soybean
      53 4 SOYBEAN futures in Chicago firmed at the opening on Monday and remained on the plus side through the session. The product futures finished mostly lower with oil futures having retreated from good early Rains. Meal ended the session unchanged in the March and off $0.30 to $1.20 a ton
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    • Article
      Produce exchange
      341 4 THE lack of overseas demand resulted In a quiet Singapore produce market yesterday. Local coffee dealers did not see much business with the closing of New York for Abraham Lincoln's birthday. In the pepper sector, dealers could not make any headway in the face of underselling by Indonesian
      341 words
    • Article
      Coffee
      116 4 ROBUBTA terminal opened £15 higher to £0 lower In London yesterday. Turnover totalled 228 lots. The nearer positions moved higher initially on some follow-through buying from Monday's late rise. There was no fresh news, however, and quiet conditions are expected prior to the New York opening. Arablcas opened $1.50
      116 words
    • Article
      Palm oil
      43 4 C.I.F U8 dollar per ton. LONDON; Malaysia 5% fta bulk April Sn^r* Sumatra 5* ffa Jan Feb SSOHr 940 dr March 555qtd SSSdr/USWpd April 525 qui 510 tir May 515 qW 500 Ur V"* unch 4M*lr/4S9pd June/July unch 480 Dd asrasr*
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    • Article
      Rice
      175 4 BANOKOK rice prices were quoted as follows yesterday: U8 dollar* per tonne fob bail* Bangkok Mm: 100 pet I*l cla** 402. 100 pet 2nd cla** 3*7. 100 pet 3rd cla** 342 5 PCt 373. 10 pel 309. 15 pet 3«2. SO pet 357. 25 pet 352. 3$ oet una
      175 words
    • Article
      Straits tin
      130 4 THE Btraits tin price In U)3S per plcui The weakness wu due to larger supplies of tin concentrates from all sources and easier conditions in London. Turnover rose sharply to 335 tonnes from Monday's 193. In LONDON on Monday, tin lost £42 for cash and £30 for Three
      130 words
    • Article
      Sugar
      110 4 TERMINAL opened In London vesterday £0.10 to £0.30 down. Turnover totalled 88 lots. The market was quiet on lack of news although prices displayed a steady trend displte steadier sterllngagalnst the dollar. The London daily raws and whites prices were unchanged at £107 and £118.50 per tonne respectively. On
      110 words
    • Article
      Hongkong comex
      154 4 The sugar market closed steady yesterday In quiet trading due to the closure of the New York market on Monday. Most trading was In March which fell U80.04 cents as did September while October rose 0.04 cents and May 0.02 cents. Turnover was unchanged at 22 lots while
      154 words
    • Article
      SPOT PRICES
      192 4 YARN and cotton in Hongkong dollan. spot ex-godown Csatea Vara.- China Blue Phoenix 20 s 1.770. "32's 1.905. 40» 2.170 (per bale of 400 Iba). Plaw Cnil China Butterfly and Globe brand unq. Dragon Head unq. Fl»» Lamba unq. riower and Butterfly unq. Flying Oeese unq. (per place
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    • Article
      Gold
      248 4 THE kllobar in Singapore opened at 8813,38 a and closed at $13,340. In the London market, the metal opened at U*****.90/ 170.20 and drifted off to a low of $177.10/ 40 before recovering slightly to close at $177.40/ 70 The London morning fix was U*****.50, up 90 cents from
      248 words
    • Article
      Copper
      266 4 COPPER wlrebars In London yesterday registered fains of £4.5 for cash and £3.5 for Three Months. Values were marked up at the outset of the premarket witn sentiment aided by the overnight close at New York. The market subsequently dipped on a firmer trend in sterling against the U8
      266 words
    • Article
      Silver
      67 4 SILVER In London yesterday roee 0.6 to 0.8 pence per tnw ounce. The overnight gains at New York, the rise in gold and the later downturn in sterling against the U8 dollar combined to provide a very steady tone. In NEW YORK, on Monday, comex sliver futures held gains
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    • Article
      Zinc
      62 4 ZINC finished in London yesterday around £0.25 lower for cash and £0.25 higher for Three Months. Dealings were very quiet with carries forming the bulk of turnover of 4,750 tonnes. But with recent Influential borrowing of cash not in evidence, the contango widened to £3 from £2.5 on Monday
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    • Article
      Lead
      41 4 LEAD closed £0.5 higher for cash and £1 up for Three Months in London yesterday. The market was moderately traded at steady rates with the tone aided by the trend in copper. Carries formed about half turnover of 3,450 tonnes.
      41 words
    • Article
      Cocoa
      76 4 TERMINAL cocoa was easier In London yesterday at the opening call by £22.50 to £4 per tonne mainly reflecting steadiness of sterling. Turnover totalled 2,370 lots Including 16 options and 547 lots self traded.. The market appeared to be unaffected by French trade estimates of Ivory Coast 1977/78 cocoa
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  • MONEY AND EXCHANGE$
    • Article
      Singapore market
      605 4 THE US dollar plunged yesterday on the forex market when the London market opened. 80me other currencies, such as the Swiss franc and the yen. gained more than 100 points consequently. At the close of the market, the dollar continued to show weakness and dealers expect It to
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    • Article
      London
      240 4 THE dollar yesterday extended an initial decline against major European currencies as selling pressure on the US currency mounted. Attention has returned to the dollar's problems with the apparent failure of US Treasury Secretary Michael Blumenthal to persuade the German authorities to take additional reflatlonary action. The dollar fell
      240 words
    • Article
      Minimum lending rates
      54 4 ACBC rim r%tM« Al—— Bank i 7u Bangkok Bank 7 Hmr Bank of Ammtm 7 lni'uim 7% Buk of China T Malayan Banking Miuul 7 Bank of Tokyo 7 Buk Nagnra t -I 1 OC8C ««t I Chartered Bank Tu OUB UCB TH QMM Mf hattaa DBS
      54 words
    • Article
      Asian $ rates
      159 4 Asian rates [i li ney dapoat interbank ■e onM 14 ystMhn T 1 X 1 < 1} Oflkr BM dkjra Wi W nth 7 I 7/» DIM T Via T 1/11 mttu 7 VI 7 1/4 mttu T 11/14 T Vl« mttu 7 IVII 7 11/M mttu 7 7/1 7
      159 words
    • Article
      Discount
      9 4 I'fl jl Mvjfl Source: National Discount Co Ltd.
      9 words
    • Article
      Australian/NZ
      35 4 AUBTRALIA/NZ exchanges quotes on Feb 14: AOSTIUUA: osooitw j .irw/i i» Surtft* IMSMJUI usdSLn l ira Ninnr-aiMomrt bum* Mm OStoSar* 1 im NSW ZEALAND: BUritnc •.mo/vjsu OS domr 1.M40/1.1140 SSSMSS-""^^ OS domr 1 OMM
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      Frankfurt
      50 4 FRANKFURT exchanges opening quotes on Feb 14: us rant/mm cut i tns/M MllMf M D Fl M.IV a rr itt.it/ tt Ln 2 42/ U P ft 41 10/ 29 N Kr 18.47/ 17 B Ft (eon) MM/ 408 B Pr (fin) e 100/ 4M Yen 0 M9O/ TO
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      Hongkong
      116 4 THE US dollar yesterday closed easier in relatively active trading. Selling of the US unit partly on early European account saw the dollar close at 2.0900/10 marks down from 2.0955/70 In Chicago. It fell to 240.95/241.05 yen from 241.40/50 on Monday, and to 1.9435/45 against sterling from Chicago's closing
      116 words
    • Article
      Tokyo
      133 4 THE dollar for overnight delivery closed lower at 241.00 yen yesterday, compared with a 241.10 opening and 241.48' at Monday's close. Trading was fairly active, with volume $224 million. The US dollar recovered moderately In early trading after opening down on Monday's close, which attracted dollar-buying by Japanese banks
      133 words
    • Article
      Euro $ rates
      159 4 Euro rates EURODOLLAR deposit rates opened steady in continuing fairly quiet trading in London yesterday. A Friday-end of period made for an initial gain of around 1/16 In four months but other fixed dates opened basically unchanged. Business on rollover account was reported In the popular periods and also some
      159 words
    • Article
      Zurich
      40 4 ZURICH exchange dodm quotes on Keb 13: OS 1 BM7-OS7 Mf» 7M7-7»?» Can l.Ttlt-Nlt D tat (2 2»Bii ?£225"2K rt M OOM-MM rr t.tiu-tm 5£2:5?7t«8l utoaJSn^* Aus *eh IfW MB Port 4 7MI —M Bplnl.mi Oil Art Yen ONIMSB
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      Eurobond
      205 4 EURODOLLAR bonds Inclined to point easier in quiet trading in London yesterday. Mraigkta Total OU au»%e mam EM r7 7i ht7 M.« a M M tr JUKI EIBStcS FuoruSl 10% n IncotM *82 t MX MM 1M.I tn.u Sjwi^ankcrr sixumto rr.a M.7I Ma 25 SI sNcr IV. M 4*
      205 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      1043 4 China trade... a US$2O billion goldmine Here's how you can tap it In a series of bold moves, China's new leadership has embarked on an ambitious economic development program aimed at accomplishing the modernization of the country's industry, agriculture, technology and national defence. According to senior officials interviewed in Peking,
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  • TRANSPORT
    • Article
      Joint approach by Tokyo, Bonn shipowners
      495 5  -  EAST EUROPEAN COMPETmON By GOH ENG KEi BOTH THE Japanese and German shipowners' associations have agreed on a common approach to major international shipping oissues at a meeting held In "-■Tokyo early this month. Topics discussed were the Unctad code of conduct for ->i
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    • Article
      Lock icon JAL will take aviation row to court
      215 5 AP JAPAN Air Linos Mid it would go to court to challenge a US Civil Aeronautics Board order which JAL said amounted to improper retaliation in a Ja-pan-US aviation dispute. The Japanese government so Car has not acted on a request by the
      AP  -  215 words
    • Article
      Far East freights
      928 5 GENERALLY the market was slow due to the •—Chinese New Year holidays with very few fixtures reported. However 15,000 tons of fertilisers have been fixed from Singapore to .'"Chittagong for early March shipment at U5513.50 per -ton: Recently the exchange has had a considerable inJ .Crease In
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    • Article, Illustration
      SHIPS IN PORT
      496 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Benloyal (UTM/L) 1,... (after Mozyr hauls must c. head West) 33/34 Bougainville (1300 after Slnkiang Talabot) 6/7 Bunga Setawar (1100 after Bunga Blndang) 19 Bunker Friendship (B. Barge) (0800 after Cherry Vllja) 48 Cherry Vllja (B. Barge) (after Bunker Friendship sails) 48
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    • Article
      LONDON FREIGHT
      171 5 THERE was little change it. the general rate structure on Monday's London freight market as chartering expanded over the weekend. Trans Atlantic grain rates continued to fall, with US$5 (flo) accepted by the 50,000tonne "Doto r and the 55,000-tonne "Orient City" for US Gulf-Holland movements. Argentine grain, reappeared
      171 words
    • Article
      Lock icon Oil tanker pollution pact nears accord
      438 5 Reuter. MARITIME and oil-produ-cing nations neared agreement on ways to reduce pollution from oil tankers at a United Nations InterSovernmental Maritime onsultatlve Organisation meeting In London. A committee of all 60 participating states was expected to agree on a compromise document yesterday informed sources
      Reuter.  -  438 words
    • Article
      Lock icon NEW CAIRO TERMINAL
      62 5 AFP. THE Paris Airport Authority has won a contract worth about US$2 million (554.6 million) in connection with a second terminal for Cairo airport. The deal, for preliminary research and planning and supervision of the work. was secured against competition from a score of engineering firms. The
      AFP.  -  62 words
    • Article
      INTERNATIONAL STOCKS MARKETS
      625 5 ARRIVALS service Loci Operator Number Tim U From TMA TL304B 0530 TPE MAS MH601 0715 KUL MAS MH682 0725 KCH SLA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH607 0845 KUL MAS MH071 0945 PEN/KUL OIA OA 980 1030 HLP CPA CX710 1035 HLP THAI T0423
      625 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      620 5 SINTAT Rent-a-Car SINGAPORE AiPPORT TEL *****5 CITY TEL *****55 Call us for your local onward reservations —~JTr If you're in the oil business you can't afford to miss OFFSHORE SOUTH EAST ASU The Asian Petroleum Show February 21-24,1978 Hyatt Convention Centre Singapore 460 exhibitors 38 conference speakers Conference sponsors: Society
      620 words
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  • Article
    Small businesses need funds too
    464 6 A MAJOR difference between Singapore and other mixed econonjy countries is the extent to which the government Is involved In the process of transferring the savings of the people Into productive Investment. There are of course no set rules for how savings should be channelled
    464 words
  • Article
    SES new scheme will be puzzling
    274 6 THE INCEPTION of Securities Clearing and Computer Services (Pte) Ltd (SCCS) sees the Second Five-Year Plan of tne Singapore Stock Exchange on the launching pad. The Exchange is attacking the twin problems of rising costs and shrinking volume head-on. The scheme will lmorove the
    274 words
  • Article, Illustration
    Ambitious Five Year Plan spelled out by NPB
    1357 6  -  By TSANG SAU YIN THE National Productivity Board (NPB) has Just spelled out in detail where it is going and what It will be doing for the next five years. And very ambitious this new Five Year Plan looks too. While such
    1,357 words
  • Article
    Towards productivity as part and parcel of everyone's lives
    576 6 The NPB's final venture during the next five years will be research. It will look further into the field of productivity indices (an early attempt In 1975 was Inconclusive) by covering not only manufacturing enterprises but also commercial and serviceoriented companies.
    576 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      726 6 w sinoapura FORUM g# HOTEL Ml Orchard Road, B'pore I. Tel >*****2 -1 <%<& i ti 408/407 Havelock Road, B'pore S. Tel: *****1 Oochid inn omK in the ortant" 214 Dunearn Rood, B'pore 11. Tel* *****2 Dei Corkpif Sotfl V 7 Oxley RW Penang Rood, B'pore I. Tel: *****1 v
      726 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      64 6 |W EfIT.H E R —=a WEATHER outlook for Singapore from 6 a.m. to noon today: Fair REPORT for 24 hours prior to 7.30 pm on February 14 at the airport. Maximum Temperature 32.7° C Associated Humidity 58 Minimum Temperature 23.6"C Associated Humidity 98 Hours of Sunshine 10.60 Rainfall in Millimetres
      64 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      273 6 tv&radio SINGAPORE 5 J.OO PM Opening announcements followed by Star Performance The Squeeze J. 30 Diary Of Events (Malay) *.35 Telematch (Repeat) 1.20 Intermission >.05 Opening announcements followed by Wild, Wild World Of Animals All American Raccoon >.30 News in Brief >.35 Birdman And The Galaxy Trio 0 '.00 Rampaian
      273 words
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  • Article, Illustration
    Year of the Samurai for Japanese banks
    1585 7 This may be the year of Japanese financial muscle. As they re-emerge from a government-imposed exile from the medium-term lending markets, Japan's banks are resuming the overseas asset growth that was stopped in its tracks three years ago. "The role of Japanese banks
    1,585 words
  • Article, Illustration
    STRAWS IN THE WIND
    289 7 HOW IRONIC that, when "the authorities", from income taxmen to jailers, persist in knowing us as mere numbers, and we do the logical thing in trying to give ourselves numbers Instead of names, just to short-circuit the whole Irrational process, yet another authority,. to wit The
    289 words
  • Article
    Skills and knowledge
    1014 7  -  FOBUM. ...on management »y HAN SEE KHEM COMPANIES are not In business to train people, but to fulfil their objective of effective performance. Hence, the amount of management development in which a company undertakes to invest Is limited to what It needs to fulfil its long-run and
    1,014 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      408 7 modco Q[< -.NGAPORE Tanglin Circus, 9'pore 10. Tel: *****1 Marco Polo Restaurant The Executive's Business Luncheon a four-course meal of haute cuisine, Inclusive of a glass of wine and coffee/tea at the Marco Polo Restaurant $17.00 10% service charge 3% government tax Car valets in attendance HOTEL HOTEL ROYAL-RAMADA Newton
      408 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      55 7 so r IOCX uwo s COOING OCXJK TvC SJOOE.T--ITS -Mf\T mfc 6R\STbu UWO'S JOST SffetfT ft FoKTHOVfI PIT OUR. LUXURY MCfttL fiMOorfr sun u* >tns6...^Zl^ locx door AUD Poll O OoM B>hnd —-J Que*.' A: I J BriStdWVPraxJc Dickers V*)WRr IS IT, Scene The offces of SONNy? L-V4 for I
      55 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Hongkong
      342 8 HONO KONO: The stock market eased In wry quletand feature Is— trading yesterday, dealers said. -There was some selllnt of Kmc Bisk which fell 90 «ants to HK817.30, while others drifted lower in thin tuiwyw. Ilufcis— VkuMM fell 3.5 to 3.535. Jardiae Mathsssai 10 to 13.40. WhMteckfire to Jl3Sar>d
      342 words
    • Article
      Tokyo
      634 8 TOKYO: T.D.J .A.: 5,138.23 22.07) 77-78 tll-lo 5,287.85 (Sept i: -6) 4,967.28 (Nov 24) T.8.E.: 383.97 (-1.48) Volume: 270 mil (+4O mil) Gainer: 249 (-104) Losers: 418 (+118) Unchanged: 181 (-7) No. stock quoted: 848 (+7) Moving average 13-weeks 4,955 Moving average 28-weeks 5,058 8.8. ratio 3.S Loan balance
      634 words
    • Article
      Sydney
      290 8 SYDNEY: The stock market closed mixed yesterday with leaders unsteady. BHP eased lour to 5.44 while the Bank Of New South Walea rose two to A 95.38. CBC exdlvlded fell three to 1.77 and ANZ lost three to 3.39. Second bank industrials firmed slightly while brewers and retailers eased.
      290 words
    • Article
      Manila
      118 8 MANILA: The stock market closed mixed yesterday with minings and commercials averages posting gains while oils declined, dealers said. FEB 14 Pesos Acoje Mining Atlas Con A Atlas Con B Baculo Oold 0062 15.20 15.10 0082 21.20 0 0002 ♦0.7 ♦0# -0.0002 1 15 50 ♦07 CDCP Inco B
      118 words
    • Article
      Bangkok
      152 8 FEB 14 Bahts Asia Fibre 297 unch Bangkok Bank 409 -4 Bangkok Invest. 428 10 Bangkok-Metro-politan Bank 3750 unch Bata 830 unch BerllJucker 534 ♦2 Carpet Intnl 44« unch Charoong Thai Wire 460 -10 Dumex Duslt Thani 387 -3 Faber Merlin First Trust Genera Finance 467 14 Indo-Thal Industrial
      152 words
    • Article
      Amsterdam
      251 8 AMSTERDAM: Share prices closed easier in very quiet trading led by Unilever and Royal Dutch International* on Monday, dealers said. feb 13 Pta Ahold 100 JO -0.0 Akso 22 80 -OS Alfbank 337JO +0.3 AMEV •0 JO -0.3 Amfu 107 30 ♦0.0 Ann rot Bank u SO -0.1 sn
      251 words
    • Article
      Brussels
      109 8 BRUSSELS: Bel elan share prices were mixed In moderate trading on Monday. bourse sources said. FEB 11 Fn FORWARD MARKET Acec 230 unch Arbed 2135 5 Astur 426 18 Brascan 439 ♦5 Bru-Lamb 1432 ♦6 Canpac 498 350 ♦2 Cock -1 De Beers 1«0 •1 Ebes 2300 -75 Electrobel
      109 words
    • Article
      Frankfurt
      234 8 FRANKFURT: Share prices closed narrowly mixed on Monday with light profit-taking stimulated by the strong close on Friday being balanced by Isolated buying Interest In some shares, dealers said. FEB IS Dm Aef-Telefunken 92.40 -0.5 Aluo AllzLeben Alii Vers 490 -6.5 BAST BvHTWMnt Bay Vbank Bay*r BBC BMW OuNUft
      234 words
    • Article
      Paris
      293 8 PARIS: Shares closed mostly lower undermined by continued political uncertainty on Monday bourse sources said. FEB 13 COBB Ell Air-Liquid* BSNOrvali Danone C8 F (ThomsonCif) C»e Franchise d*s Pelrol*» Compagm* Financier* Compafni* General* Credit Fonder De France Hachett* (Li Drain*) Machines Bull Mlcbelln (B) PantMu Pechlney CI fine Kuhlmann
      293 words
    • Article
      Jo'burg
      324 8 JOHANNESBURG: Oold shares continued harder towards the close on Monday In light trading following higher bullion indications. dealers said. FEB 13 Rand INDUSTRIALS A Alpha 110 -S Abercom 165 ♦s AE And CI 223 -2 AMIC 8A5 urvch Barlows 383 unch Cg Sugar CNA 700 125 5 Curnf Finance
      324 words
    • Article
      Indices
      62 8 FINANCIAL TIMES INDUSTRIALS Monday 489.8 Friday 471.0 Week Ago.. 470.0DOW JONES AVERAGE INDUSTRIALS Monday 774.43 Friday 775.99 Week Ago 772.44 LONDON DOLLAR PREMIUM Monday 79 V* to 70S Friday 77 to 78 H.K. HANG SENG Monday 411.08 Friday 410.23 Week Ago 406.74 SYDNEY INDUSTRIALS Monday 412.98 Friday 412.16 Week
      62 words
    • Article
      Zurich
      219 8 ZURICH: The market rose In active trading on Monday supported by the hlfh liquidity of the capital market and the latest round of Interest rate reductions, dealers said. Tke Credit Suiaae Mn ree* 1.2 potato U Mil. ACUOMMMM 297 +4 AluSUttK Br 1430 unch AlUSULSK Ref MO unch Brown
      219 words
    • Article
      Toronto
      255 8 TORONTO: Share prices closed lower in quieter trading on Monday with the Composite Index off more then a point and declines leading advances 212 to 180 The gold Index was up 22 points In response to higher bullion prices but oil and gas issues fell sharply. Closing volume totalled
      255 words
    • Article
      New York
      902 8 NEW YORK: Stock prices continued to soften as concern about the international monetary situation and the stalemated coal miners' contract talks kept traders on the defensive on Monday. But trading was somewhat restrained, with many banks and other big institutions closed for Lincoln's Birthday holiday The D-J Industrial
      902 words
    • Article
      CHICAGO BOARD OPTIONS
      1342 8 February 13 ON the Chicago Board Options Exchange, a total of 84,169 contracts was traded compared with 73,500 on Friday. OPTION APL JLY OCT STOCK Alcoa 40 11/2 21/4 11/1 WV4 Alcoa 45 UNTRD V4 1 Vll 10 V4 Alcoa SO UNTRD NOL NOL 38 3/4 Alcoa
      1,342 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      258 8 V. f||L "A 'j, 'V^vs„ The three bosk needs ond the three ports of Britonnioo 3 1. To get at the facts often a tinglt fact •asily and quickly. without having to reed a long article in which that fact is embedded. This need is served by the 10-volume Micropeedia,
      258 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Tubes sells 50pc of HP unit
      354 9 EUROPEAN COMPANIES LONDON: Tube Investment* has agreed to sell 50 per cent, of Its motor cycle hire purchase subsidiary to Lloyds and Scottish for up to £2.5 million. The subsidiary is Raleigh Industries (Oradual Payments), said to be the market leader In its field.
      354 words
    • Article
      Lock icon Lonrho capital plans
      113 9 Reuter LONDON: Lonrho will ask shareholders at the annual meeting on March 7 to approve an increase In the authorised share capital to £62.5 million from £50 million by creating £50 million new 25p ordinary shares, the company said In the annual report. Directors have no Intention
      Reuter  -  113 words
    • Article
      Arthur Guinness profit higher
      148 9 LONDON: Profits of Arthur Guinness Son and Co in the current year to end of September will bo slightly above last year's £39.45 million before tax, joint chairman R. McNeUe said. He told the annual meeting brewing profits will be dooe to last year's £29.17 million,
      148 words
    • Article
      GHH hopes to maintain its dividend this year
      558 9 WEST GERMANY'S largest engineering group, Gutehoffnungshuette Aktienvereln (OHH) Is cautiously hopeful that it can maintain In 1977-78 the DM6 per DMSO share dividend which will be proposed to the annual general meeting for 1976-77, Dr. Heinz Kraemer, the finance director, said. The
      558 words
    • Article
      Lock icon Pan Ocean completes Brae tests
      223 9 NORTH AMERICAN COMPANIES Reuter. PAN Ocean Oil Corp said It completed testing Brae field wells 18/7 A-10 and 18/7 A--11 in the British North Bea. It said 7 A-10 flowed at maximum rates of 3,750. 5,950 and 2,580 barrels of oil per day from three
      Reuter.  -  223 words
    • Article
      Carter Hawley
      81 9 CARTER Hawley Hale Stores Inc said It has been Informally advised the Federal Trade Commission started an investigation Into Its attempts to acquire Marshall Field and Co. Carter Hawley said it made an offer of US$42 per share in cash and stock or about $380 million for Marshall
      81 words
    • Article
      Motorola optimistic
      90 9 MOTOROLA Inc chairman Robert W. Oalvtn said he believes growth In the US and other major economies, along with anticipated correction of certain problem operations, will sustain the company's objectives for increased sales and earnings. H* mm urn was hindered py start-up costs and operating losses In the
      90 words
    • Article
      Lock icon Jardine Philippine raises liquidity
      342 9 ASIAN COMPANIES AFP HONOKONO: Jardine i Philippine Trust raised Its liquidity from 14.5 to 29.4 per cent In the last three months of 1977 in the belief that this year's prospects for the Philippine economy are not very encouraging. The fund's latest report shows that It
      AFP  -  342 words
    • Article
      Lock icon AB and T book value loss substantial
      332 9 Reuter. THE Federal Deposit Insurance Corporation (F--DIC) said liquidators handling the receivership of the American Bank and Trust Co. New York, indicate there will be a substantial loss from book value. However, the FDIC said in a status report that estimates of recovery
      Reuter.  -  332 words
    • Article
      Lock icon Shell postpones plans
      91 9 Reuter. JAKARTA: Shell Mljnbouw's coal production plans in South Sumatra have been postponed until 1985 because Sumatran coal would not be competitive at current market prices, a company spokesman said. The coal deposits In South Sumatra have a 30 per cent moisture content, but although experiments have
      Reuter.  -  91 words
    • Article
      Lock icon Swire Prop to buy rest of unit
      129 9 Reuter. HONGKONG: Swire Properties said It has agreed to acquire from Berkeley Hambro Property Co the remaining 49 per cent of Berkeley Hambro Inc It does not already own, for USSB.S million cash. Berkeley Hambro Inc, the principal interest of Swire Properties in
      Reuter.  -  129 words
    • Article
      Winsor Industrial profit rises
      156 9 HONGKONG: Winsor Industrial has reported a net profit of HK529.5 million for the six months ended Sept, 1977, showing a respectable Increase of 5.7 per cent over the previous corresponding period. Earnings per share declined fractionally due to a 10 per cent Increase in Issued shares.
      156 words
    • Article
      Lock icon HITACHI ZOSEN ISSUE
      110 9 Reuter. HITACHI Zosen Kabushlkl Kaisha plans to issue US$3O million of guaranteed notes due 1983 through an international syndicate of underwriters, joint lead underwriter S G Warburg said. The issue, guaranteed by Sanwa Bank, is expected to have a coupon of Btt per cent and to be
      Reuter.  -  110 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      110 9 TJ SINGAPORE business YEARBOOK 1978 PROSPERITY That is Singapore Business" wish to all our readers for the Lunar New Year. Our glossy red-and-gold package for you, the Singapore Business Yearbook 1978, contains valuable overviews and projections on Asean and its projects, Finance, Tourism, Industry, Trade, Shipbuilding and Repair and the
      110 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      3023 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots «f 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the world "sett." Big Board deal
      3,023 words
    • Article
      Government bonds
      135 10 4 3/4* 1/5/79 (250,000) (100.608 100.70S) 5 1/4% 15/10/7. (250,000) (101.178 101.255) 6 3/4% 15/6/80 (250,000) (103.60B) 4 3/4% 15/9/80 (250,000) (99.508 99.575) 6 3/4% 1/12/80 (250,000) (103.70B) 5% T F 15/4/81 (250,000) (101.50B) 5% T F 15/10/81 (250,000) (101.45B) 5% T F 1/5/83 (250,000) (100.058 100.15S) 5
      135 words
    • Article
      Stock options
      86 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. Cold Storage (March $1.70) (0.288 0 335). (June $1.70) (0 328 0.365). (March $1 20)
      86 words
  • Article
    In Kuala Lumpur
    287 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Ajinsmsts (2.108 2.308). Alcsm (2.708) (3) 2 70 (1) 2.71. A
    287 words
  • Article
    Unit trusts
    153 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Maaagars' pries s tar Fab If) (Currat pi rteaa) INCOME BOND 1 09 1.18 The Commerce 1.78 1.89 The Saving Fund 1.12 1.19 MARA BUMIPUTRA FUND S pore Prog Fund 0.84 0 89 (Maaagws prtc« First Bumlputra Itr rat 18 S pore
    153 words
  • Article
    SHARE INFORMATION SERVICE
    2383 10 ttn/irra High Low Company Last Sale ♦erDiv Div Crr Y'M P/E Val Day C000) Higk Low 8ECTION ONE INDUSTRIALS 155 260 119 260 88* 205 169 291 422 146 132 165 58 212 57* 155 144 182 350 91 Aetna Alcom Allied Choc Bata Ben Boustead Bousteadco
    2,383 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      154 10 The Love 01 ne fc Vn > K ..r t-' T. %> ,V> v- >* •V, v*v, mv m m/'fm J +**2 u*2 Tw&.fZMu <" J* l ?> V .J fv,W 'K r* V* j'. t > V Kenneth Lo Kannath Lo, tha wall-known CMnm cookory writer, Introducss thi rttdif
      154 words
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  • Article, Illustration
    Profit-taking trims early gains
    544 11 SINGAPORE DESPITE n wfttr tread jmUrdt;, the basic undertone at the Since pore stock market remained steady. Share orient opened fractionally higher than their overnight level* in moderate trading. This Arm tone could not be sustained and most counters finished off their day's beet as preAt-takiag
    544 words
  • Article
    Kuala Lumpur's bullish advance halted
    623 11 PROFIT taking and some stale bull-liquidation pulled the brakes on Monday's bullish advance on the Kuala Lumpur stock market yesterday. Most counters, while opening on a marginally higher note in extension of the overnight firmness, came under selling pressure. Trading during the day was moderate
    623 words
  • Article
    Pre-tax lower at United Estate
    169 11 UNITED Estate Projects Sdn Bhd (UEP) has announced a 17.1 per cent drop In pre-tax profit for the year ended Dec 31, 1977. It is a Joint venture between the Urban Development Authority and International Housing Development of Hongkong set up to develop the 618
    169 words
  • COMPANY NEWS
    • Article, Illustration
      Increases in cost check growth at NST
      908 11 HIGHER operating costs and teething problems held in check the growth of the New Straits Times Press for the year ended Aug 31, 1977 when group pre-tax profit fell 6.4 per cent to $0.6 million. This profit setback Is attributed to losses of
      908 words
    • Article
      DIVIDENDS ANNOUNCED
      197 11 Cnrreat payment Ex Date Data payable Tetal for the year Total foe previo«a year Southern Klata Coaao(M) 150%(C) SwUknNtUjruTIi Dre4gta«<M) M*(C) MTC 35* TmU 3.9%1 Parti* FIuUUm 12.5% C. Securities 5%(b) fa"** S2 D Keramat 45%<n) STP(lfXl) IS* TIbm PubUaUac 1T5* Yn HiapSoag 10*(b) M. BaakiM 0%I 8.P.
      197 words
    • Article
      South Pacific group profit up 25pc
      1011 11  -  By ARTHUR NG SOUTH Pacific Textile Industries has turned in another creditable performance last year though the latest results fall short of the forecast made when it announced the l-for-2 rights issue. For the year to Sept 30, 1977, group pre-tax profit registered a
      1,011 words
    • Article
      JC-MPH changes expansion plans
      730 11  -  »y MANO SABNANI THE Jack Chla-MPH group is making several changes in its strategy to expand its activities in the lucrative hotel and entertainment Industries. In the first move, JCMPH says that its subsidiary Eastern and Oriental Hotel and Peninsula Overseas Management (POM) have "mutually agreed"
      730 words
    • COMPANY MEETINGS
      • Article
        Untitled
        6 11 THE following company meetings are due:
        6 words
      • Article
        Malaysian Tobacco Company Berhad:
        21 11 Feb 15 at the Rajah Room. Kuala Lumpur Hilton, Jalan Sultan Ismail, Kuala Lumpur at 11.00 am.
        21 words
      • Article
        Yeo Hiap Seng Ltd:
        52 11 Fri- day, March 11 at the 11th floor, Shlng Kwan House, Shenton Way, Singapore 1 at 12 noon. An extraordinary general meeting of Ualtod Aibwtw Cement will be held on Friday. Feb 24 at the 12 floor, Fltzpatrtck's Building. 86. Jalan Raja Chulan. Kuala Lumpur at
        52 words
    • Article
      Sisters modest
      119 11 TIMES Publishing and sister company Straits Times Press (1975) expect only "modest" Increases in profitability for the current year ending Aug 31, 1978. Both companies are replying to queries posed by the Stock Exchange of Singapore about their current year's prospects following their recent scrip The two companies,
      119 words
    • Article
      TIN OUTPUT
      48 11 December 1977 Tonne Ayer Hitam Tin 157.00"* Gopeng Consolidated 162.26-. Hongkong Tin 31.63 Idrls Hyraulic 21.17 Killinghall 46.81 Klnta Kellas Tin 42.58L., Malaysian Tin 13.00 1 Pengkalen 9-68 Petallng 88.90:., Rahman Hydraulic 76.44-:. Saint Piran 21.17— Sungei Besi 166.74 Tanjong Tin 18.14 u Tronoh Mines 211.43"--
      48 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      133 11 r Don't let the language barrier stop you from wider contacts oi I L V^v t s a k V HI k>§!£ v^° S t \i^ e ■^n YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travel- I ling in fact anywhere and any time that suits
      133 words
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  • Article
    Partial lifting of ban on new options likely
    282 12 THE US Securities and Exchange Commission may partially lift Its moratorium on new options listings before the agency completes its options investigation. Its chairman, Harold WOllams, said he was not certain under what conditions the agency might take this step. "We'll have
    282 words
  • Article
    New way to separate palm oil fat
    188 12 A LOCAL food technologist, Mr. Wong Mong Hong, has discovered a new process for separating fat from the liquid content of palm oil. His successful project on the fractionation of palm oil was carried out under the applied research fellowship scheme of the
    188 words
  • Article
    Lock icon Japanese deficit on customs clearance basis
    911 12 IMPORTS UP IN JANUARY Reuter, UPI. JAPAN had a customs clearance trade deficit of U*****.93 million (***** million) In January, compared with a downwardrevised $2.2 billion surplus in December and a $912 million deficit In January, last year. The Finance Ministry said in a
    Reuter,; UPI.  -  911 words
  • Article, Illustration
    Lock icon NO PROGRESS AT EEC, TOKYO STEEL TALKS
    723 12 Reuter. JAPANESE and European Community steel experts on Monday failed to make any progress in talks on regulating future Japanese exports to the EEC. The main topic of discussion at the Brassels meeting was the EEC's provisional imposition of minimum prices for steel
    Reuter.  -  723 words
  • Article
    LONDON STOCKS
    816 12 LONDON. Tues. Stock prices today lost ground in light trading and at 3 p.m. the Financial Times Index was down 4.8 at 465.1. Government bonds eased by \up to >•« point during the morning and showed little change subsequently. Buying Interest was very small ahead of the UK
    816 words
  • Article
    Lock icon Bangkok rice prices up US$22 a tonne
    854 12 Reuter, UPI. RICE prices In the Bangkok shipment market yesterday rose US$22 (Sssl) to $47 per tonne. Traders said this is the first time prices have been quoted for two weeks since the government announced new regulations requiring rice exporters to sell to
    Reuter,; UPI.  -  854 words
  • Article
    Capel sees a more stable US dollar
    335 12 THE US dollar, which took a heavy bashing in currency markets last year, will become reasonably stable this year, and US Interest rates, both short and longterm. will continue to go up. This is the forecast of James Cape I. the London stockbroklng
    335 words
  • Article
    COST OF LIVING HOLDS STEADY
    215 12 THE COST of living rose only fractionally in Singapore last month despite the price build'up in advance of the Chinese New Year celebrations. Cheaper fish and eggs forced down the overall food content of the consumer price index by 0.3 per cent but this was
    215 words
  • Article, Illustration
    Britain lines up 10 missions to KL
    386 12 BRITAIN, which has through the years been elbowed out of Its place as one of Malaysia's prominent trading partners, Is now stepping up Its export drive In the wake of a dramatic turnaround In Its own economy. This year, there will be 10
    386 words
  • Article
    Lawyer charged on two counts of abetting Cho
    292 12 LAWYER Khoo Hin Hi one. 38, was charged yesterday in a magistrate's court on two counts of abetting Cho Jock Kim, managing director of Far Eastern Hotels Development, in committing criminal breach of trust totalling $248,495. Khoo was a director of Far
    292 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      46 12 EUROPEAN INTERNATIONAL Money Broking Institution with world-wide reputation specialising In Interbank Eurocurrency deposits desires to strengthen REPREBENTATATION IN SINGAPORE with established local company having home based and Pacific area Interests in connected field. Reply Business Times Box No. 5246, limes House, River Valley Rood, Singapore t.
      46 words