The Business Times, 23 December 1978

Microfilm: NL9923
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 SATURDAY, DECEMBER 23, Ifft 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Investment jump
      67 1 NEW INVESTMENTS worth $700 million were committed to manufacturing activities during the first nine months of this year. Mr. Ngiam Tong Dow, chairman of the Economic Development Board, said the amount is two and a half times that of the corresponding period last year. It is also the
      67 words
    • Article
      Lock icon Gold and $ rise
      65 1 Gold and rise UPI LONDON, Fri. The dollar opened trading moderately higher on most European money markets and in Tokyo today. The price of gold was up sharply. On the Zurich bullion exchange, the price of gold reached U*****,875 per ounce at today's opening, after closing yesterday at $212,875. In
      UPI  -  65 words
    • Article
      Lock icon Headway at MTN
      59 1 AP GENEVA, Fri. The United States and the European Community have made progress on some issues at the Tokyo Round trade talks, but bargaining on balanced tariff cuts was still difficult, negotiators said here today. In a joint statement, they also said the bilateral talks on tariff
      AP  -  59 words
    • Article
      Lock icon Thai irrigation
      59 1 AFP BANGKOK, Fri. The Thai government plans to spend 700 million baht (Ss77 million) on 400 irrigation projects during fiscal 1979, a government source revealed today. The source said about 300 million baht of the investment needed for the project will come from the government's budget while the
      AFP  -  59 words
    • Article
      Lock icon Hussein visits
      69 1 Reuter KUALA LUMPUR, Fri. Malaysian Prime Minister Datuk Hussein Onn will make official visits to India and Pakistan next month, informed sources said here today. He plans to arrive in New Delhi on Jan 22 and fly to Islamabad on Jan 25. The trip, the Malaysian leader's first
      Reuter  -  69 words
    • Article
      Lock icon Philippines deficit
      54 1 Reuter MANILA, Fri. The Philippines will have a trade deficit of about US$l.3 billion (Ss2.B billion) this year compared with $765 million last year, preliminary figures from the central bank showed. Exports will rise only $50 million to 3.2 billion, while imports will rise $600 million to $4.5
      Reuter  -  54 words
    • Article
      Lock icon Toyota expects drop
      66 1 Reuter TOKYO, Fri. Toyota, Japan's largest vehicle manufacturer, today predicted its exports next year would drop by about 4 per cent. Exports in the year were expected to reach 1.26 million vehicles compared with 1.31 million in 1978, it said. Japan's overall vehicle exports would almost certainly
      Reuter  -  66 words
    • Article
      Moving them out
      37 1 JAKARTA, Fri. The government is taking steps to move half a million people from Java to outer islands within the first year of the next five year development plan that starts on April 1.
      37 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      129 1 Rises Most Active Goodwood Park 450 20 Sime Darby 78.000 Spore Land 159 -f 9 Haw Par 50,000 F N 500 4 O U E 33.000 Esso 368 4 U O B 30.000 S Finance 360 4 Total Turnover: 1.02m Gentings Metro Hldgs 308 288 4 4
      129 words
    • Article, Illustration
      In Kuala Lumpur
      150 1 Rises Most Active Oriental S Trading Tronoh OCBC Sovran Tractors FAN L Perak Malex Cast let ie Id M'wata M Banking Berjuntai Kamunting 472 570 660 796 128 482 500 280 310 Falls 1010 232 606 665 186 10 10 10 10 08 08 08 06 06
      150 words
  • Article, Illustration
    Hyundai's Pony to make debut
    674 1  -  PROBLEMS OVER AGENCY By JOHN LIM HYUNDAI Motors, Korea's largest car maker and manufacturer of the 1,238 c.c. Pony saloon, plans to launch this hot-selling fourdoor model on Singapore and Malaysian roads. Local motor circles say four marketing and research executives from Hyundai were in
    674 words
  • Article
    Lock icon JAPANESE CUT TV OUTPUT
    182 1 UPI HITACHI and Toshiba, two major Japanese electric appliance makers, have ceased production of colour television sets for export to the US in an apparent effort to avoid payment of dumping duties ordered by the US Treasury Department, industry sources said yesterday. To compensate for a
    UPI  -  182 words
  • Article
    Is ITB putting the cut before the course?
    775 1  -  By FONG MEW LENG LECTURERS at the planned Industrial Training Board courses to retrain white collar workers may find they have but the four walls of the classroom to purvey their industrial knowledge to. First reactions from white collar management and unions
    775 words
  • Article
    Britain, Australia to begin cut-price fares on Feb 1
    286 1 AUSTRALIA aai the UK will Implf cat the eatprlee tern ifp—i by Any treat Feb 1. The aaaeaaeeaMato, made rfMaltoaee—jy la L—i»a aai Caaberra yeaterday, will deal a majar Maw ta elferta by the Aaeaa Ave to gala a mare eqattahle
    286 words
  • Article
    Singapore ranks eighth
    277 1  -  By FOO CHOY PENG SINGAPORE is still maintaining its position as a leading foreign investor in Indonesia ranking eighth behind Japan, Hongkong, the US, the Philippines, Australia, West Germany and the Netherlands. According to Bank Indonesia and Indonesia's Board of Investment, Singapore's cumulative investment from June 1967
    277 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      37 1 Everett Lines KM TMI MOST FIEQUtMT SAILINGS TO BANGKOK HONGKONG •JAPAN fUSAH Ev*r*tl StaamsMp Corpn. S/A Vmmw* 9 JO Srex- V'»r» P#"o»a M> >Qi O C C 2144T 3 Po" **«ono VOCSMIP CO OMC r* i«77?r a
      37 words
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      Page 1 Advertisements Column 2
      106 1 4 \w> m (tri a its Time veuowie To WW WEST. Chances are that at Pan-West we have just the right equpment to help impfove your game At Pan-West we stock the finest range of top quality golfing equipment Confidence. Honma Lynx to name a few Drop in on us
      106 words
    • Advertisement
      Page 1 Advertisements Column 3
      48 1 SHIPPING TIMES SOON Nam has big plaas fer Greece 5 fermer Baxy rite. 2 THE Cfcalrmaa'g Game——JLA 7 tia sales S NEW fMto scheme for textile FULL EEC membership far g" |i MEMOPAD 8, TV h RADIO 2, CROSSWORDS J, BRISTOW J, AIRCRAFT SCHEDULE 5, SHARE PRICES 11
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    • Advertisement
      Page 1 Advertisements Column 4
      388 1 business SINGAPORE BUSINESS k p B V iqoj SOMETHING NEW THESE WILL be as Business Times on Monday ud Tuesday, Dee 25 aad 21 respectively. Bat to give yea something to do U remember as, we bave prepared a eoloarfal two-page special baslaess game. It is aa pages < aad
      388 words
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  • TRADE AND INDUSTRY
    • Article
      PWD to speed up on the Expressway
      335 2 THE GOVERNMENT has so far spent more than $81 million on the Pan-Island Expressway scheme scheduled for completion in the 1980s. A Ministry of National Development newsletter said the Public Works Department is stepping up construction work on the project. The bulletin said
      335 words
    • Article
      Wage fall in Australia
      137 2 A FURTHER modest deceleration in Australian nominal wages will take place next year, according to the Organisation for Economic Cooperation and Development (OECD) in its sixmonthly Economic outlook. OECD said nominal wages in Australia declerated sharply in 1978, reflecting the application of less-than-full indexation, and there
      137 words
    • Article
      MEMO PAD
      352 2 COURSES AND TALKS Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), SITC, SITC Jan 8-10: IE Module 1 Method study, Human Factors Engineering and Safety Royal Ramada NPB Jan 8-23: Industrial Hydraulics Royal Ramada NPB Feb 12-13: Finance for nonfinancial managers, Ming Court, Price Waterhouse
      352 words
    • Article, Illustration
      Soon Nam's plan for former Roxy site
      448 2  -  By TEO TECK WENG A LOCAL devetoper has plaaa to dcvctop a shspplag aad iMtol eamptex the extotiag R«xy dtimi rite to Eut Cms! fl-hi* S*m Nam C*., which haaght the rite last year, he pea the prajeet will pravtde aa appsrtaalty to
      448 words
    • Article
      Soft loans by IDA
      364 2 THE INTERNATIONAL Development Association (IDA), the soft loan affiliate of the World Bank announced on Thursday loans totalling US$l54 million (*****.8 million) to Bangladesh, Indonesia and Pakistan. A $75-million credit to Bangladesh will help finance the imports of raw materials and spare parts to enable selected
      364 words
    • Article
      Singapore inflation rate heads for 5pc
      534 2 WITH dgmrca far Ike flrat 11 nisaths already la, It wemi the laflattoa rate this year to set to hit the aattdpated 5 per eeat mark. Thto rtoe to r»—nitir prices to aearly desble the rate la IIT7, bat still maeh tower thaa prevalttag
      534 words
    • Article
      Local group gets $7m deal from Aramco
      295 2 A GROUP at local knockdown tniUw msnufartursrs, keMkn Koja Wood UMria, ditihwl the first lattfaa apart order worth nHS mfflka ($7.15 mtill oa) from the Arabian American Oil Company A timber trading agent, who flsrHnsil to he klentiflad, aid j—ti i ilsj that
      295 words
    • Article
      Lock icon Yard wins order
      102 2 Reuter TSUNEISHI Shipbuilding Co said it has won package orders worth 20.5 billion yen from two major Japanese shipping firms for building five oil tankers ranging from 55,000 to 90,000 dwt for completion by April 1980. The two Japanese shipowners are Nippon Yusen Kaisha which ordered two
      Reuter  -  102 words
    • Article
      Lock icon JAPANESE CALL FOR DOLLAR LOAN TO CHINA
      592 2 Reuter JAPANESE buafaaeas leedsrs have urged the Japaaene government through the nillag Liberal Democratic Plrtl to asks a dollar loan to Cmsa, to avoid bahiad the US la the Odaeae aaarkat following US-China raws naihsamil, the Federatteaof Brwwnic Organiaatiaas (Ksidaaraa) said Keidsnren president
      Reuter  -  592 words
    • Article
      Asean will raise issue of trade barriers
      103 2 ASEAN will raise the issue of trade protectionism at the Unctad meeting in Manila in May. Philippine Trade Minister Troadio Quiazon Jr. said this was one of the agreements reached during the Asean economic ministers' meeting in Kuala Lumpur last week. He said
      103 words
    • Article
      JAL tour flights
      41 2 JAPAN Air Lines will fly in a large number of Japanese tourists over the next three months following the inauguration of its first inclusive tour charter early this month. Until March 1979. JAL was organising 30 charter flights.
      41 words
    • Article
      Peking's air request
      197 2 A CHINESE aviation team will arrive in Bangkok on Ju 10 to negotiate rights lor Chinese aeroplanes to overfly Thailand during flights to Cambodia, a Thai Communications Ministry confirmed yestsrday. A well-placed source said the Chinese request to overfly Thailand has been made •onetime ago. During the
      197 words
    • Article
      Lock icon Cocom agrees to Japan selling computers to China
      254 3 AFP UPI AN INTERNATIONAL organisation controlling export of strategic commodities has given the unanimous go-ahead to Japan's sale to china of 16 highlysophisticated computers for use at a huge steel complex near Shanghai, officials said on Thursday. The Ministry of International Trade
      AFP; UPI  -  254 words
    • Article
      Lock icon Japan-China now sea-ing eye-to-eye
      128 3 AFP JAPAN has concluded on agreement with China on the settlement of maritime disputes, the Maritime Arbitration Commission of Japan has announced. The new accord covers disputes concerning collision of ships, rescue in maritime accidents, ship chartering and shipping contracts. Accidents and other troubles on the
      AFP  -  128 words
    • Article
      US suspends tin sales to help market
      793 3 AMERICA suspended its stockpile tin sales indefinitely to prove its commitment to the Tin Agreement objective of cooperating in the orderly development of the tin market. According to an editorial in a leading tin publication, Tin International the expected growth in this year's
      793 words
    • Article, Illustration
      Desaru hotel project
      438 3 A C&NSORTIUM of wellknown Japanese companies has signed a memorandum of understanding with the Johore Tenggara Development Authority (Kejora) to develop a $20 million luxury hotel in the Desaru tourist complex on the eastern coast of Johore. The consortium, Asahi View International, is made up of the
      438 words
    • Article
      KL MOVES TO LIFT TYRE STANDARDS
      464 3 THE Rubber Technology Centre in Sungei Buloh, in conjunction with the Standards and Industrial Research Institute of Malaysia (Sirim) and other relevant authorities, is working on the formulation of local standards for re treaded tyres. The outlook for the retreaded tyre industry in Malaysia
      464 words
    • Article
      Lock icon Taiwanese spend $1m on US spree
      133 3 UPI TAIWAN'S third "Buy American" mission returned on Thursday after purchasing US$5O6 million (Ssl million) worth of US goods, trade sources said. The purchases in 22 states during the 46-day trip included $334.2 million worth of agricultural products, $156.7 million worth of industrial products,
      UPI  -  133 words
    • Article, Illustration
      Malaysian timber body hails surtax move
      141 3 THE Tinker Trade PMmta sf Makjrria kt> pnM Mabfriu FV ■•ice Mlatoter Teagka Basalelgk Htauk (akeve) farMs Carslgktedtax unavlll 1 My ea tke tax JT deakledly help tke aeate ikirtsgo e( J*®*." Mi vk*-prt«Meat, Mr Tkeag Kek Ytag, said ialpek. It will eertaialy kM*
      141 words
    • Article
      Lock icon Bermuda meeting
      65 3 Reuter AN latrrastlsasl graap sf kaslat—mea wUI meet la Bermada ea Pek 17-11 te aemle aad meaetary prsklnam, tke Brrmads Meaetary Aatkartty aald. Tke gatkertag called tke CsaaaltaMve Oraap aa latrrastlsasl Eeeaamle aad Meaetary attain, will aaeet twice a year far at leaat tkree yeara, H added. It
      Reuter  -  65 words
    • Article
      Textile industry firms
      674 3 TAIWAN'S textile industry hat regained its strength after the past year's slump, industrialists said here. They predicted total exports could exceed USJ2.3 billion (Sss billion) this year, showing a 30 per cent rise (ram last year. The equipment utilisation rate far the industry has averaged 90 per
      674 words
    • Article
      Lock icon Bilateral rice pact
      76 3 Reuter THAILAND h irmtUmg a "Mineral traawwerk" la sell DSrjsrss ssi-jaxs l ass NrPnkaU —i!ft TSTSiS eacfc year tow Mel riee It «uti m ttot iImS to —*c ton well m Aatmm *to New Ckto News Amn rrnrliid ttoi T'y B** cwaa have tod a geed tor—l
      Reuter  -  76 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      161 2 For a Successful BANKING Career study with W)lse\ Hall OXFORD for the Institute of Bankers CONVERSION COURSE The duration of the complete Wolsey Hall Conversion Course is 26 weeks so enrol now for the June 1979 examination. Also Available: Wolsey Hall Courses for the Stage II Year I examination (New
      161 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      266 2 SINGAPORE 5 12.45 Opening followed by Sesame Street* 1.45 Saturday Matinee—Young Pioneers* Starring: Roger Kern, Linda Purl, Robert Hays, Shelley Juttner, Robert Donner 3.30 Fish —A Fish Christmas* 3.55 Soccer—lion City Cup 3rd 4th Placings* 4.55 Sandiwara—A Malay drama entitled 'Pelangi Pagi' with English subtitles(Pt.l—Repeat) 5.35 Code R—Suzy's Day Off*
      266 words
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      184 3 Mazda 929 L The most important thing about the Mazda 929 L Legato is the luxuries you don't see. For instance you really don't-notice the solid monocoque body. The impact absorbing torque box side panels. Or the energy absorbing straightened frame. But it's comforting to know you're riding in safety
      184 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      612 3 TWO-IM-OHE CROSSWORD CRYPTIC PUZZLE 1 Yearned for u aspirin? (5) 6 Gaming establishment* (5) 9 He is summoned in alarm (7) 10 Bowie, perhaps (5) 11 Cry uttered when a hinge breaks (5) 12 Groups of husbands (5) 13 Comparatively regretful (7) 15 By whom Ted is seasoned (3) 17
      612 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      374 4 THE Singapore rubber market yesterday closed slightly higher with January One RSS buyers quoted at 237.25 cents per kilo, up 0.25 cent from Thursday's close, dealers said. Morning prices were marked down 0.25 cent on lower London advices ahead of the forthcoming holidays, they said. The
      374 words
    • Article
      RAS PRICES
      341 4 Prices In cents per kilo yesterday: Noon Cloae (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int 1 R.S.S prompt f.o.b. 236.50 237 50N 237.00 238.00N Int. 1 R.S.S. Jan 236 75 237 25 237 25 237.75 Int. 1 R.S.S. Feb 238.50 239.00 239.00 239.50 Int. 2 R.S.S.
      341 words
    • Article
      SSR and SMR
      92 4 NOON SSR and SMR prkcs yesterday: HAS Jaa mry P Mnmry (Cam w# ■t Mtt) 8Iritow (F* Ravi P«kg) «M ■taper kg) SSR 20 (1-ton pallet) 23b 238.50N 237 50 239.50N SSR SO (1-ton pallet) 233.50 235 50N 234.50 236.50N MBELB SMR5CV (1-ton pallet) 246.50 248.50N 246.00
      92 words
    • Article
      Closing prices
      29 4 Rubber: Dec 22 Singapore: January: 237.25 cents (up 0.25 cent) Malaysia: January: 240.75 (up 0.50 cent) Tin: $1,775 (down $22) Official offering: 160 tonnes (down 57 tonnes)
      29 words
    • Article
      Rice
      191 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne F. 0.8. basis Bangkok) White rk»: 100 pet Ist class 320. 100 pet 2nd class 306, 100 pet 3rd class 300, 5 pet 292, 10 pet 272, 15 pet 267, 20 pet 265. 25 pet 262,
      191 words
    • Article
      Produce exchange
      295 4 COMMODITY traders reported a day of very quiet activity on the Singapore produce market yesterday. Dealers of coffee cited the festive 9eason which has already slowed down the industry in the major coffee producing countries as the reason for a similar trend in the local market. As for
      295 words
    • Article
      Hongkong Comex
      193 4 SUGAR futures trading remained quiet and featureless ahead of the Christmas and New Year holiday, with turnover unchanged at three lots, dealers said. Nearby January closed at US 8.25/35 cents against Thursday's 8.30/35 and the distant October at 9.39/89 against 9.30/10.00. The market closed an hour earlier yesterday,
      193 words
    • Article
      SPOT PRICES
      187 4 YARN and cotton In Hongkong dollars, spot ez-godown: Cattsa yaea: China Blue Phoenix Xk 2.320. 32s 2,850; 40s 3.060 (per hale of 400 lha). Plana gaada: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly unq; Flying Geeae unq (per piece 3S
      187 words
    • Article
      Coffee
      197 4 ROBUSTA futures in London on Thursday closed irregular at the highs and with gains against Wednesday of between £45 and £20 per tonne. Turnover was 3,354 lots, including eight options and around 900 lots of crossed trades. Dealers attributed a late afternoon rally to New York's trading pattern and
      197 words
    • Article
      Lead
      58 4 LEAD in London on Thursday was down £4.5 all round. The afternoon market was steady on moderate covering up to £401.5 on the kerb. The morning market found some covering support early on up to £404 but prices fell back in routine ring dealings as some liquidation and chart
      58 words
    • Article
      Palm oil
      65 4 C.I.F. North European ports. In U8 dollars per ton unless otherwise stated. LONDON: Mon Previous Malaysian SHffa bulk per tonne February unch OlOslr Sumatra 5% ffa bulk December unch OOOfllOpd January 82Sslr OMr February saosir 82Salr Mar /May «17.50slr saooopd Mar/April unch 617J0pd Nigeria 5% ffa bulk st(
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    • Article
      Festive season brings stalemate
      387 4 PRICES have appreciated 5 cents per kilo from the bottom in less active conditions than of late, to close finally some 3'/i cents up on balance, said Hat May, Caller aad Batt in its review of the Singapore and Malaysian rubber markets for the period Dec
      387 words
    • Article
      Straits tin
      131 4 THE Straits tin price in Penang yesterday fell MS22 per picul to H. 775, $75 above the International Tin Agreement ceiling, dealers said. The market eased following lower London advices despite a reduction in tin supplies which were exhausted over the weekend, while continuing demand from Japan, the
      131 words
    • Article
      Sugar
      249 4 RAW SUGAR futures closed £0.25 to £0.90 per tonne down in London on Thursday. Turnover totalled 2,038 lots. Values rallied slightly from the lows in late dealings on short-covering which developed after trade support had prevented any follow through to the morning's decline. The market had earlier eased under
      249 words
    • Article
      Cocoa
      136 4 COCOA futures closed £15 down to £7 per tonne up and turnover totalled 4750 lots in London on Thursday. Values after lunch eased back from the morning's higher levels in line with a lower New York market and in general reflection of the overall availability of nearby cocoa. The
      136 words
    • Article
      Soybean
      128 4 SOYBEAN futures finished mixed after late short-cover-ing by locals reduced lasses by several cents in Chicago on Thursday. Prices ended a shade lower in several nearbys and off as much as two cents a bushel in several deferreds. Other contracts posted gains of 1/4 to three cents. Soybean product
      128 words
    • Article
      Wheat
      92 4 WHEAT futures registered losses of three to one cent a bushel in featureless midsession trading in Chicago on Thursday. Traders said prices fell on liquidation ahead of the afternoon's USD A plantings report, which is expected to show a sizeable increase in winter wheat acreage. Also negative, they said,
      92 words
    • Article
      Copper
      209 4 COPPER wirebars in London on Thursday gained £3.5 for cash and £2.5 (or three months. The afternoon market was steadier on moderate covering prompted by reports that the Andana copper mine in Chile has been flooded and may be down for two to three months. Three months closed trading
      209 words
    • Article
      Silver
      212 4 SILVER on the London Metal Exchange on Thursday rose by 0 8 to 0.6 pence per troy ounce. The afternoon market was steady in very slow trading. Morning prices edged higher in the pre-market and were well maintained in the ring under covering prompted by the easing trend in
      212 words
    • Article
      Gold
      425 4 GOLD futures in Singapore yesterday closed little changed from overnight levels here, dealers said. Trading was very quiet with most operators on the sidleines ahead of the long Christmas holidays with turnover only 33 lots compared with 85 on Thursday. February closed at U*****.50/90 an ounce againt the previous
      425 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        477 4 THE FOREIGN exchange market was quiet yesterday as the festive season drew 'near. The US dollar, nevertheless, tended to be on the weak side. Opening at 195.60/70 against the Japanese yen, the dollar weakened later on thin trading to 194.20/40. The US unit did not perform any better
        477 words
      • Article
        Asian $ rates
        180 4 Asian rates ASIAN currency deposit Interbank rates as at close on Dec 22 U8 MUrs<Spot) Offer Bid 7 day* 14'. 14 1 month UH im 2 months U 13/16 U 13/16 3 month* 12'% 12 6 month* 12W 12H 9 month* I2H 12't 12 month* 123/16 121/16 8w.Fr*. M uLA
        180 words
      • Article
        Discount
        53 4 Rtift of prices offered by ditcout bouses ob Doc 22. Ovoraifbt 3 to Coll deposits 4 to 4Vk% Clsslog HbmUJ fl-m Mjnag bsiubc 3 month Treasury bills 4's 4 3 month Bank bills 7 5/1# 73/16 3 month CD 7V» 7H 6 month CD 7 14/16 7«/l« Source: National
        53 words
      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7.5 per cent.
        21 words
      • Article
        Frankfurt
        37 4 FRANKFURT exchanges closing quotes yesterday: USIJMJM Can 1 5706 30 stg 1712 723 DOB.B/M Sfr 112 M ut 2210 rm Ptr oe 15 Nkr S Cl 5 Bfr coo CJM US BfrDaCIB/MB Yea 0 SMI a
        37 words
      • Article
        London
        162 4 THE DOLLAR in London yesterday opened easier against most major currencies except the yen in a thin pre-holiday market, dealers said. Very little interest was being shown and spreads remained wide as at the close' on Thursday night, they noted. Against the mark the dollar opened at 1.8525/50 after
        162 words
      • Article
        New York
        208 4 THE DOLLAR in New York on Thursday closed firmer on the day, although narrowly mixed from opening levels, in very quiet trading ahead of the holiday weekend, dealers said. They said the dollar traded in a narrow range for most of the day, with a small amount of
        208 words
      • Article
        Hongkong
        102 4 THE US dollar in Hongkong yesterday was quoted little changed from overnight US levels in very quiet, preholiday trading, dealers said. It was steady at 1.8580/600 marks compared with New York's 1.8600/10 close, and at 1.6500/50 Swiss francs against 1.6520/70, but firmed to 195.40/60 yen on Japanese commercial demand
        102 words
      • Article
        Tokyo
        165 4 THE US dollar in Tokyo yesterday for overnight delivery closed firmer at 195.35 yen, compared with a 195.20 opening and 194.35 at Thursday's close, dealers said. The US currency moved between 195.20 and 195.80 yen in thin late trading after an early firmness reflecting its overnight strength in New
        165 words
      • Article
        Zurich
        41 4 ZURICH exchanges closing quotes on Dec 21: US 1 JUS—CM Stg 2. JMJ—II7O OuIJMMM DmtM JUM MJMI DfIBSTO—MBI FTr M.MU—I7B Bfr5.MM-OB Dkr H OB—BJ7 NkrSJTB-ME Skrn.MM-M.MB Lit 0 lMi-lfH Aw art 12.UM—11M Port xymsm Spain UTI MM Arte.M-M Yea tSMT-BU
        41 words
      • Article
        Australia/NZ
        52 4 AUSTRALIA/NZ exchanges yesterday: US dollar LMM l 10l Sterling ***** 0.5M8 Ntarty-day air nail buying rales: Sterling MM US dollar* 1.1M7 Ninety-day forward buying rates: Sterling 05IM US dollars I.ISS New Zealand Sterling 05*17 tJM US dollar IMM I BS Ninety-day airmail buytaf rales: Sterling 0 5622 US dollar
        52 words
      • Article
        Treasury bill tender
        50 4 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Dec 26 to Dec 29: Offered: $35,000,000 Applied tor: $72,450,000 Allotted: $35,000,000 Accepted Mds: $98.99 approximately 44 per cent higher bids in full. Avenge rate sf dtoe—t m alletmeat: 4.030 per cent per annum.
        50 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      327 4 ThelUFEl Library Of Photography helps you to see great picture possibilities -all around you... !T. la The Life Library Of Photography Each volume measures 10 1 x 10'/« inches (26 x 26 cm). Hard cover, silver stamped black-cloth binding.24o pages. Approximately 300 illustrations, many in full colour. The following books
      327 words
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  • OVERSEAS
    • Article
      Lock icon EMS to go ahead as planned
      124 5 Reuter THE Euvpeu Mwettry System (EMS) sheald start tram iu 1 u piuaed tapHe Fraae»-Ger-«n»« ilugreemeit la Btiweb aver the ffeuiag eat ti Dmetiry empetsatory UMuti (MCA's) (rem EEC bum p*iley, utMUtive agrletltare mlalstry searees said. They said, bewever, that the Earepeaa carreaey aalt
      Reuter  -  124 words
    • Article
      Lock icon Blueprint finalised on Greek membership
      604 5 NYT GREECE completed the details of its entry into the European Economic Community on Thursday, agreeing on terms for full membership with the nine present member states in an accord that has far-reaching economic and political implications for western Europe. The agreement with the Common
      NYT  -  604 words
    • Article
      Lock icon Sign of crack showing in US economy
      484 5 AP A SIGN of possible weakness in the United States economy emerged on Thursday in a government report that orders for major factory goods declined last month for the first time in four months. The Commerce Department said new orders for durable goods
      AP  -  484 words
    • Article, Illustration
      SHIPS IN PORT
      422 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Seta war (1500) 19 Changting (after Kota Singapura) 15/16 Golden Dragon (0300 after Pontoon Sc 274) 40/41 Kota Singapura (1200 after Chie Maru) 15/16 Nedlloyd Kembla (0600 after Cornelia Maersk) 3/4 Pacific Trader (after Fujitsuki Maru) 13/14 Perlis (after Rajah Brooke)
      422 words
    • Article
      Lock icon SAFETY BODY ABOUT TURN
      520 5 NYT THE controversial American Occupational Safety and Health Administration (Qeha) has taken another step to disarm Its critics by drastically streamlining its rules to protect workers from Ore. The proposed new rules are so pared down that in many cases employers would not even be required
      NYT  -  520 words
    • Article
      Losses over Russian deals?
      193 5 .AMERICAN barium to loh oat tn far •boat USJB billion (S»7JS trillion) worth of contracts tn the Soviet Usfcm became the US government will not guarantee credits to the ffnedsee, the Journal of OMMtie said on Thursday. European arms stand to win business because their ■1
      193 words
    • Article
      Lock icon Germans steel for a standstill at plants
      246 5 Reuter THE WEST German steel strike went into its 25th day yesterday with no signs of a return to work before the new year. The strike and retaliatory lock-out, which has made 80,000 workers idle and brought 13 plants to a standstill, is
      Reuter  -  246 words
    • Article
      Montreal firms want to move out
      187 5 A SURVEY shows that almost one third of Montreal's 56 largest companies will move their headquarters if French-speaking Quebec's rising income taxes and language laws keep management talent from being located in the ranariian city. Seventeen of 56 companies responding to the survey by
      187 words
    • WORLD IN BRIEF
      • Article
        Lock icon MORE U.S. WHEAT
        506 5 Agencies THE 1979 United States winter wheat crop could produce a harvest next summer of about 1.44 billion bushels, up 15 per cent from this year's reduced yield, the US Agriculture Department said on Thursday. Winter wheat accounts for about three-fourths of total US wheat production. The
        Agencies  -  506 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      696 5 ARRIVALS Off V iCc Local Operator Nub* r Tim Fna SIA SQun OKU KUL MAS MHBl 0M PEN MAS MHKT7 0B6 KUL HBA BOB 0M BWN MAS MHR1 0M5 PEN/KUL CAL CS06 1000 HLP CPA CX710 1005 HLP GIA GAM 1030 HLP THAI TG4Z3 1095 BKK SIA
      696 words
    • Article
      Lock icon London freight market
      246 5 UPI WHEREAS early and January loaders continued to enjoy a fully steady rate tone, February positions offered a less rewarding prospect for bulk carriers lifting US grain in the North Atlantic. After rising earlier this week to U5513.75 (FIO), payments to 50,000 tonners working the US Gulf-Japan
      UPI  -  246 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      65 5 In 107 countries, you won't Hud a better-tasting scotch at any price. All mrr (he world, people apprmair the eitraor- superb Passport blend. And h s this exceptional dinar* laste of Passport Scotch. Bfr»u* we uxr taste that cause* people in 107 countries U>choose the finest whiskies from Scotland to
      65 words
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  • Article, Illustration
    Lock icon Chairman of the Board
    343 7 OBJECTIVE The object of the gome is to boot year opponents to the choir for some it will seem worthwhile: the rewards ore high and the work negligible. Others may eheose to let someone else win: and settle for a happy life. THE RULES I. The
    B.T. ARTWORK By ALLAN CHAN  -  343 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Market displaying signs of firmness
      590 8 TOKYO Source: DBS-Daiwa Securities STOCKS IN general opened lower yesterday, reflecting the Wggat drop of the year oa Thursday. Later la the morn- J a-* -a. ing. memum-cnea Dute rfrtpi gradually rose due to buying v oa temporary decline by mutn- al (Unai aad corporate
      Source: DBS-Daiwa Securities  -  590 words
    • Article
      Bangkok
      314 8 THE MARKET yesterday closed mixed with commercials and minings posting gains while oils declined, dealers said. Turnover fell to 23.4 million pesos from Thursday's 27.1 million. Gainers were Phil Overseas, Merako, PLDT and San Miguel B while losers were Atlas Con B, Baguio Gold, Benguet Con B, Basic Petroleum,
      314 words
    • Article
      Manila
      97 8 DEC 22 Pesos Acoje Mining .0106 0.001 Atlas Con. A Atlas Con. B 1S.OO -05 B&guio Gold .0115 unch Benguet Con. B BF Goodrich nx> 21 50 -0-25 unch CDCP 34.50 unch Inco B Landoll Lepanto B .2150 unch Marlnduque B Ui -0.06 Meralco 23.50 0.4 Oriental A Oriental
      97 words
    • Article
      Lock icon Hongkong
      327 8 Source: SHK Sec Ltd THE MARKET was coasrd by hMMkMI aad Iwf buylag «f Mad stocks such as Hang Saaßuk, Gma Island Csmsat, HK Bank aad Jardtne •WSSfITSS?^ deace that the traditional yaar-aad rally win take place after ChMaaa dwpltt Aongtaoag's bargeoalag trade deficit aad am ot higher laflatioe
      Source: SHK Sec Ltd  -  327 words
    • Article
      Selected Indices
      61 8 FINANCIAL TIMES INDUSTRIALS Thursday 478J Wednesday 478JI Week Ago 477.8 DOW JONE8 AVERAGE INDUSTRIALS Thursday 794.79 Wednesday 793.68 Week ago 812.64 LONDON DOLLAR PREMIUM Thursday 81V. to 82^ Wednesday 80H to 80 H H.K.HANG SENG Friday unav Thursday Week ago 508.02 SYDNEY INDUSTRIALS Friday unav Thursday 454.40 Week
      61 words
    • Article
      MARKET CLOSURES
      39 8 EXCEPT Tekye, all •tter stock markets Znrick, Amsterdam, Fraakfart, Paris, Brussels, Milan, Sydney, Heagkeag, Baagkek, Maaii* will be eleeed ea Christmas Day. Oa Dee tt, extent Paris, all the markets meatieaed abeve, Including Tekye, will be eleeed.
      39 words
    • Article
      Lock icon EIB loan
      62 8 Reuter THE FRENCH Catase Nationsle des Wtranmankations hat obtained a 100 mUllos European salt of account loaa from the European Investment Bank, tbeburiisnfcL The loan Cor 15 yean at f.t per cent, wfll help finance extension of connections for telephone and telex subscribers In the PnaOe-Cainls and Nard
      Reuter  -  62 words
    • Article
      Most bourses close firm
      444 8 EUROPEAN MARKETS ZURICH prices roae in active trading, bolstered by a stranger doUarand the improvement on Wall Street. Dealers said export-oriented stocks showed wWWf„—/< gains in heavy trading and firmer issues included CSfaaGeigy in chemical*. Brown Boveri, Sulaer and Ahauisae in engineerings and metals, and Nestle
      444 words
    • Article
      Zurich
      192 8 DEC 21 Francs Actions Sulases m 4-4 Aiusulsse Br. 1113 40 Aiusulsse Re*. 4*2 Brown BDveii Br 1870 *U 30 Clba Origy Br. USD 46 at* Oelfy P C too 00 Cite Getty Reg •45 10 Credit Suisse Br 2180 20 Credit Suisse Ret 434 4 Elektrowatt Br. too
      192 words
    • Article
      Amsterdam
      189 8 DEC 21 FU AftM 306 50 2.5 Ahnl/t 116.50 4.5 Akso 2M0 0J AliEV 91 00 0J Amfai ***** 15 Amrot Bank T5J0 0J Bergoat 51.50 83.50 0.4 1 -5 Bols 73.00 1.1 BorsumiJ 156 JO 4 Burhmann 72.10 1 Byenkorf 8050 IJ Calve Delft 188 JO -02 Dell
      189 words
    • Article
      Paris
      267 8 DEC 21 Pr» CORBEILLE Air-Liquid* B S N derail Danone C 8 F (ThomaonCt) 382 T etc Francalae des Pelrolet 141 90 14 Comptfnie Financier* Compajnif Oenerale JM Credit Foncier De France 475 4-20 Hachette (Llbralrle) Machines Bull Mlchelln (B) Pari baa Pechlney Clflne Kuhlmann Peufeot Philip* (Nv Gem
      267 words
    • Article
      Brussels
      83 8 DEC 21 rrs ♦A FORWARD MARKET 410 -6 aoao unch -A Braacan «U Bru-Lamb 1M0 unch Cock 04 -11 Dt Been m unci) Etas 2ND unch Electrobel Ob-lnno-Baa wm MM 60 unch On i«00 unch Hotafc MX -M PMro W +10 Rjrt Outcl) 1115 30 Stdro 8oc Ocn Btl|
      83 words
    • Article
      Frankfurt
      209 8 DEC 21 Dm Aef-Telefunken 1110 ♦u Akao 28 SOB Alls Leben ***** -13 Alls Ven sosjo I BASF Bay H T Wbank Bay Vbank ***** ***** *****B 0.6 35 -OA Bayer BBC BMW CUMlll Chcm Vtrm Commerxbank Conu Oummi Daimler-Bent Dm— Demaf Deutache Bank Dreadnar Bank I* Texaco Dyckerhoff
      209 words
    • Article
      Milan
      101 8 DEC a Lire 3015 -4U5 Asaoc Oen ***** -200 R».Lnf1 488 Central* 4360 140 rial rm 79 hnildcr 135 75 5® Qcn Immob 86J0 -05 IFI Prt 2345 70 Ilalcementl ***** 80 Italgai 741 1 Halatder 310 30 Macnetl M Pf 517-50 75 Marelll Ere 22X50 Med lob *****
      101 words
    • Article
      Lock icon Omron Tateisi Electronics
      90 8 Reuter THE 50 million mark convertible Eurobond for Omron Tateisi Electronics carries a 3-3/4 per cent coupon and has been priced at par. Lead manager Berliner Handels und Frankfurter Bank said the conversion price is 906 yen per share at a fixed conversion rate of 104.04 yen
      Reuter  -  90 words
    • Article
      CHICAGO BOARD OPTIONS
      1406 8 On December 21 CHICAGO Board Options Exchange turnover slowed to 92,638 contracts from 121,041 on Wednesday. OPTION JAN APL JLY STOCK Alcoa 40 71/4 ll/S NOL 47 Alcoa 45 37/» 51/3 UNTRD 47 Alcoa SO 3/13 21/3 33/4 47 Alcoa to UHTRD UNTRD 7/t 47 Am Exp
      1,406 words
    • Article
      Sydney
      414 8 THE MARKET closed firm yesterday in reaction to the oil discovery in Esso-BHP's Fortescue Well, dealers said. BHP rose 12 cents to |8.82 and other oil stocks also reacted, with Ampol rising 3, Bridge 2 cents and Woodside one, while Crusader and Vamgas were steady. Westfield rose 20 to
      414 words
    • Article
      Narrowly higher
      1244 8 NEW YORK STOCKS dosed narrowly higher in moderate trading on Thursday as caution ahead at the weekly money report trimmed earlier fains Analysts said the morning's gains were a continuation at a recovery from the recent steep fall on fears of a discount rate rise and the Opec
      1,244 words
    • Article
      JO'BURG
      394 8 GOLD 6 were easier in very thin trade, dealers said. They ascribed the price softening to a general lack of interest ahead of the festive weekend. Mining financial* were down fractionally in sympathy with producers. Diamond shares De Beers extended recent gains to rule five higher at 815 cents,
      394 words
    • Article
      TORONTO
      342 8 THE MARKET recorded a third straight advance on Thursday while volume tapered off from Wednesday's pace. The composite index rose 4.3 points and gains led losses 248 to 134. OUs remained strong, with Dome Pete up 14/* to 94-1/2, Imperial Oil A 1/4 to 23-7/8, Husky one to 43-1/2
      342 words
    • Article
      Lock icon Florida Gas bid
      126 8 Reuter FLORIDA Gas said a group comprising its Florida Gas Exploration subsidiary Shell Oil, Mapco and others was the high bidder 011 six tracts in the recent federal offshore lease sale in New Orleans. The group's bid for the tracts was USftt million. The sale brought 52.4
      Reuter  -  126 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      146 8 Total Poker is a book for winners: it's as good as having four aces and another up your sleeve. David Spanier clearly analyses modern play and modern players, with an in-depth examination of the tactics, techniques, bluffs and skills necessary for success at poker. The book gives a brilliant rundown
      146 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Mitsui's Iranian project in jeopardy
      714 9 ASIAN FT. MITSUI, the major Japanese trading concern, would have to write off losses of about 9.5 billion yen if the Bandar Abbas petrochemical project in southern Iran, in which it is main shareholder, was expropriated or made unworkable as a result of political upheavals,
      FT.  -  714 words
    • Article
      Lock icon Sumitomo Metal, Marinduque in 10-year deal
      220 9 Reuter MARINDUQUE Mining and Industrial said it has concluded a 10-year contract with Sumitomo Metal Mining for supply of Philippine cobalt and nickel. A spokesman said under the contract Marinduque will sell its mix sulphide, which contains cobalt and nickel, and will receive in
      Reuter  -  220 words
    • Article
      Lock icon IHI and C. Itoh win Algerian contract
      209 9 Reuter ISHIKAWAJIMA-Harima Heavy Industries and C. Itoh and Co have received a 120 billion yen order to build a large liquefied petroleum gas processing plant in Algeria. C. Itoh said the plant, ordered by Sonatrach, the state-run hydrocarbons corporation, will be built at
      Reuter  -  209 words
    • Article
      Lock icon BP team back from China
      419 9 f EUROPEAN Reuter BRITISH Petroleum's first major mission to China returned this week after discussing exploration and production services, with special reference to enhanced recovery techniques. A spokesman said a team visited Peking and the oil regions of Taching and Shengli as part of a
      Reuter  -  419 words
    • Article
      Cleveland Trust rejects Kucinich plan
      458 9 THESE Is a takeoff is Cleveland as the puck llae sf a commercial promoting E. P. Hatton, a brokerage fcease. The total wnlw gees, whoa Cleveland Trast speaks, everybody listens. Thereto Ues maeh of the story of how this city went toto ftoeal defaalt tost
      458 words
    • Article
      Lock icon Noranda Mines turning more aggressive
      204 9 Reuter NORANDA Mines has recently become a more aggressive buyer in the US copper scrap market as it attempts to make up for feed lost due to the strike at its Gaspe facilities. US dealers said the success of the company in securing additional supplies
      Reuter  -  204 words
    • Article
      Lock icon Turning uranium waste into energy?
      1064 9 EXXON SEEKS APPROVAL N.AMERICAN d NYT EXECUTIVES for an affiliate of Exxon, the world's largest oil company, have been quietly lobbying government agencies to approve a revolutionary process that could turn the government's uranium wastes into a vast new energy source. The process, proved technically
      NYT  -  1,064 words
    • Article
      FCC questions AT and T
      858 9 THE FEDERAL Communications Commission staff has questioned the recordbreaking profits being turned in by American Telephone and Telegraph The FCC staff wrote AT and T a letter pointing out that the company's profits were in violation of commission guidelines, and asked what the company intended
      858 words
    • Article
      Lock icon Caterpillar-Harvester's strained ties
      1459 9 NYT REOPENING a sensitive subject, a Harvard University authority on the Soviet Union has created a stir with his pointed, public assertion that, to win more Soviet business for itself, Caterpillar Tractor Co stood silent when the Russians arrested a competitor's employee last summer. In the current
      NYT  -  1,459 words
    • Article
      Colgate-Palmolive
      51 9 ColgatePalmolive COLGATE-PALMOLIVE said it will raise the quarterly dividend to 27 US cents from 25 cents a share, payable on Feb 15, on record on Jan 25. laternattoaal Harvester also said directors raised the quarterly dividend to 57.50 cents from 52.5 cents, payable on Jan 15, on record on Dec
      51 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      144 9 I i-jmnu Study with the UNIVERSITY PREPARATORY SCHOOL f~~—\ TORONTO, ONTARIO UPS specialises in preparing overseas students for Grade 12 and 13 Examinations leading to entry to Universities and Colleges in Canada and USA. UPS is registered with the Ontario Ministry of Education and its Credit and Diploma courses are
      144 words
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  • Article
    SHARE INFORMATION SERVICE
    2425 10 SECTION ONE INDUSTRIALS 172 132 Ac ma 210 12.0N U 5.7 228 238 123* Alcorn 234 10.0 22 42 175 ITS 107 Allied Choc 109 1 95 3 109 109 219 133 BAT 15Acd unch 17.0 25 305 3 156 156 275 196* Bata 275 115 1.9
    2,425 words
  • Article
    In Singapore
    944 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 of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett". Big Board deal
    944 words
  • Article
    In Kuala Lumpur
    1409 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 tn lots of 1,000 units unless otherwise specified. INDUSTRIAL* A|in*n»«(a <2 70B> AM* (I.tUB I *08) ill I.Mi A CAM
    1,409 words
  • Article
    Government bonds
    254 10 4 1/2% 18.'HO (250.000) (99.208 99.355) 4 3/4% 15/9/80 (250.000) (99 558 99.655) 5% T F 1 5 83 (250.000) (100 108 100.255) 5 3/4% T F 15/6/81-84 (250.000) (102.306) 7% 1/8/85 (250.000) (100.658 100 80S) 7 1/4% 1 ft/10/86 (2S0.000) (100 80B) 7 1/4% 1/ft/87 (250.000) (100
    254 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      271 10 No dinner is compete. without a White Label" Another quality product from Getaway to Sentosa For a fun-filled X'mas New Year holiday package B 4 Do something completely different this year. Pack up your bags and take off to Sentosa Then enjoy 3 days and 2 nights of fun and
      271 words
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      Page 10 Advertisements Column 2
      18 10 EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn 2536
      18 words
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  • COMPANY NEWS
    • Article, Illustration
      Market plunges straight into the doldrums
      574 11 THE STOCK Exchaage ef BtappM« shifted late tow gear yesterday aad piu|ed straight tote the Mdrams. Hardly a htet ef activity eeaM he gleaned (ma the day's tradtog aad eae eeald ■tout hear the praverMal pia dnp. Meat share prices havered araasd their everaight
      574 words
    • Article
      KLSE prices close on a barely steady note
      450 11 QUIET TRADING prevailed at the Kuala Lumpur stock market yesterday with prices closing on a barely steady note. Margins were generally narrow, and business done was light and scattered. As Monday, being Christmas Day, is a public holiday, traders were generally reluctant
      450 words
    • Article
      United Malacca's profits rising
      568 11  -  By SUSAN BEVAN UNITED MALACCA Rubber's interim results have been considerably boosted by a MJ1.576 million profit on sale of and it is largely due to this that the company is looking forward to a rise in the full year's results to 96.6 million against $4.4
      568 words
    • Article
      EAI well on the road to recovery
      222 11 THINGS are shaping up at Electrical and Allied Industries (EAI) now, after the disastrous fire in May last year which put a complete stop to production at its Petaling Jaya factory. The company has reported an interim unaudited pretax profit of 1510,000 for
      222 words
    • Article
      Malayan Cement turns in pre-tax profit of $5.3m
      418 11  -  By P.GUNABEGARAM CONTINUING a trend of reduced earnings since 1976, Malayan Cement has announced an unaudited pretax profit of M 55.3 million for the holding company (before consolidation of the associates which form the operating part of the group) for the year
      418 words
    • LATEST RESULTS
      • Article
        SOUTHERN KINTA CONSOLIDATED (M):
        50 11 Group pre-tax profit of MJ6.56 million ($5.91 million) for the half-year ended Sept 30, 1978. Output of tin concentrates was 13,733 piculs (14,237 piculs) and the average Penang price per picul wa $1,707 ($1,534). An interim dividend of 60 cents gross per share has been declared.
        50 words
      • Article
        GEORGE TOWN DISPENSARY BHD
        38 11 has declared an interim dividend of 5 per cent gross (same) for year ending Jan 31, payable Jan 31. It earlier reported unaudited pre-tax profit of Msso,000 (same) for half year ended July 31.
        38 words
    • Article
      UM Flour Mills
      44 11 UNITED Malayan Flour Mills has informed the KLSE that it proposes to pay a first and final dividend of 20 per cent less tax for the year ended July, 1978, subject to shareholders' approval at the company's AGM on Jan 23.
      44 words
    • Article
      South Johore drives into the black
      155 11 80UTH JOHORE Amalgamated Heldtogs has pntt sf six mirths ended Sept M, ramps red wttft a less sf HiMW la However, the hoard has waned *srrhiHen that thb better pisfM^nn the aeeaad half tee to a recent sathrenk of Use* la Jahere. The nam
      155 words
    • Article
      COMPANY BRIEFS
      160 11 BANQUE NATIONALS D*ALGEBIE*s US$25 millinn Floating Rate Notes 1985 were granted a listing and quotation on Dec 21 by the Stock Exchange of Singapore. Dealings will be on a ready basis and the quotation will be expressed as a percentage of the principal value excluding accrued interest. GITT
      160 words
    • Article
      COMPANY MEETINGS
      240 11 Pahang C«ulM»ted C—paay LM: AGM to be held at Sungei Lembing, Pahang at ll.» am today. BynttoOe Beslns (M) BM: AGM to be held at Suite B, 2nd Floor, Bangunan Ming, Jalan Bukit Nanas, Kuala Lumpur at 3.00 pm on Dec 28. Ik LM: AGM to be held
      240 words
    • Article
      DIVIDENDS ANNOUNCED
      535 11 Carreat Ex Books Date Total for Total for Paymfct Data Close Payabli the year Previous year Toshiba 15*(b)TE Nov 20 Nov 30 Dec 22 15TE 12(b)TE Sovraa 6*(b) Dec 4 Dec 14 Dec 22 6* 6* UIC 20* Dec 4 Dec 11 Dec 22 20* 20* Mai Tla
      535 words
    • Article
      SCRIP ISSUE
      199 11 Compaay Particular* Ei Data Books 8'pora LaW Syatkatlc Reals* MCtklM G Cerastes Setroa Rakmaa Hydraulic P. Prod acta Bariaya Kawat MBS C*C 8TP (1976) Right* Issue of 1 for 3 f 1.40 per share Right* Issue of 2 for 5 m $1.00 per share Rights Issue of 5
      199 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      276 11 •TT V k w V' >- •i Vl- r>. *v :> 3PS H resenting George David from Country and Western to evergreen. Uatantoa wtwl* new world of muucai cJiWkiik with HHWIWI s«nMbonal new AX-7 sound mixing tyatam "COME, WINE AND DINE IN THE MANNER FIT FOR IMPERIAL LORDS" Now. there's
      276 words
    • Advertisement
      Page 11 Advertisements Column 2
      73 11 ORCHID INN 214 Duncarn Road, Singapore Tel: *****2 „\1 HOTtL PHOLNIX SINGAPORL Orchard/Somerset Roads. Singapore 9 lel 37M66 PbN INSULA HOTkL Coleman Street. Singapore 6 Tel *****1 RAH-LbS HOTtL 1-3 Beach Road. Singapore 7 Tel: *****1/***** SHANGRI-LA HOTLL 22 Orange Grove Road. Singapore 10 lei *****4 SINGAPLRA hORUM HOTLL 585.
      73 words
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  • Article
    Lock icon No hope for US anti-inflation plan says OECD
    535 12 NYT Reuter PRESIDENT Carter's austerity policies will not lead to any reduction in the rate of inflation in the United States next year, according to the latest forcasts by the Organisation for Economic Cooperation and Development. The OECD, which monitors the economic
    NYT; Reuter  -  535 words
  • Article, Illustration
    Lock icon Hitch in Iran's pipeline
    317 12 Reuter THE RECENT recovery in Iran's oil production has run into a temporary snag in the last 24 hours because of unspecified technical problems, according to a spokesman in London of the Western Oil Consortium operating in Iran. The spokesman said Iran's oil output in the
    Reuter  -  317 words
  • Article
    Lock icon Concorde jets to Dallas
    151 12 Reuter THE ANGLO-FRENCH Concorde supersonic airliner will begin regular services to Dallas, Texas, on Jan 12, British Airways announced in London on Thursday. The flights will be operated between Washington and Dallas by America's Braniff Airlines. Its crew will take over Concordes flown into Washington from
    Reuter  -  151 words
  • Article
    LONDON STOCKS
    649 12 THE following are Thursday's prices: Closing middle prices of selected stocks excluding stamp duty were: TO LONDON. Thur».— Moraing officials: Spot buyer* tUB (-CB). aeUm U.MB (-00) Forward buyers Ct.no (-CTO). •eller* ttJH Settlement CM® <-€!•). TWwr: 300 tonne* Tone: easier but quiet. Afternoon uiwmrlals: Spot buyers M.SOO
    649 words
  • Article
    Lock icon Jakarta import prices to jump
    179 12 AFP A LEADING Indonesian Member of Parliament has predicted an average increase of between 20 and 3D per cent in prices of imported goods as a result of the 50 per cent devaluation of the rupiah. "On the basis of new calculations the prices will
    AFP  -  179 words
  • Article
    New quota scheme for textile goods
    205 12 TEXTILE goads wrier the Malti-Flbre tow—l (MFA) will be Imparted tart* Ike Fifipe— Eeeaemle CMimulty water a wthei scheme Irglrtai ■ntnar. The «wte scheme m* taiurl by the EEC will be ibsagni tnm mm applicable la tatal u all e«aatilea, te MhMM witoi ler
    205 words
  • Article
    Ohira starts his baptism of fire
    326 12 JAPAN'S parliament yesterday opened a 150 day regular session that will provide a stern test of the leadership of new Prime Minister Masayoshi Ohira. Mr Ohira faces the task of trying to secure passage of several pieces of controversial legislation favoured by his ruling
    326 words
  • Article
    'Spyros broke Lloyd's rules'
    226 12 LLOYD'S principal surveyor in Singapore yesterday said the Greek tanker, Spyros, had violated Lloyd's Register of Shipping rules by carrying bunker fuel in a cargo tank. Mr. Robert James Bunn said the vessel was classed with Lloyds in 1974, and added that it is not widely
    226 words
  • Article
    P. Malaysia's 10-month trade surplus down
    522 12 ANOTHER M 5204.3 million was added on to Peninuslar Malaysia's trade surplus in October thus increasing the total for the first 10 months to $933.8 million. This was, however, nearly 20 per cent lower than the surplus earned during the corresponding period of last
    522 words
  • Article
    Japanese funds for ADB
    62 12 THE Asian Development Bank has accepted from the government of Japan a "substantially untied contribution" of the yen equivalent of about US$3 million (556.6 million) to the bank's Technical Assistance Special Fund (TASF). The bank said the contribution is Japan'stwelfth to the TASF It said this
    62 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      160 12 kfs The NEW OXFORD ILLUSTRATED DICTICNARy 1478 1978 MS I AAC LLA r I 1.8 /.YM Ml I M\\ fir MW s-/>— r?7S. < r\ in Two Volumes Here it is Oxford celebrates its Quincentenary Year (1478 1978) with the publication of THE NEW OXFORD ILLUSTRATED DICTIONARY. The NeV Oxford
      160 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      64 12 Outlook for Singapore from 6 a.m. to noon today: Generally cloudy. Ocassional light rain in the late morning. prior to 7J# p.m. M Dee 22 at the airport: Maximum temperature 26.8 C Associated humidity 95 Minimum temperature 22.2 C Associated humidity 97 Hours of sunshine „..j .0 Rainfall in millimetres
      64 words