The Business Times, 14 December 1976

Microfilm: NL8962
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 1455/76 TUESDAY, DECEMBER 14, 1976 50 CENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon Shah rules out indexing
      56 1 Reuter PARIS, Mon. The Shah of Iran said today there was no chance of oil prices being Indexed to Western Inflation. Interviewed on French television the Shah said oil prices would soon be Increased, but by much less than the oil producers had lost in terms
      Reuter  -  56 words
    • Article
      Lock icon 'A World War II strategy'
      81 1 Reuter TOKYO, Mon. A leading Japanese newspaper said today the Soviet Union's sudden proclamation of a 320-km fishing zone was reminiscent of the last-minute Russian declaration of war on Japan in World War Two. The mass circulation Asahl Shlmbun (independent) said In an editorial: "Older
      Reuter  -  81 words
    • Article
      $1.5 mil loss in fire
      66 1 FIRE caused an estimated $1.5 million damage at the Singapore Petroleum Company (SPC) in Pulau Merlimau yesterday when an explosion burnt at least 10 to 15 oil pipe racks. Three technicians were injured two seriously when the fire started at about 5.25 p.m. Police said
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    • Article
      Lock icon Smith: No progress
      51 1 Reuter JOHANNESBURG, Mon. Rhodeslan Premier lan Smith said a Rhodeslan settlement is further off now than before the Geneva conference. He told reporters at Jan Smuts Airport here on his way home from the talks that at no point could he report that real progress had been
      Reuter  -  51 words
    • Article
      Lock icon $300m Gulf firm set up
      81 1 AP BEIRUT, Mon. A U*****.4 million (*****.5 million) joint stock financial company has been sfet up in the Persian Gulf emirate of Sharjah, the Middle East Economic Survey reported today. The company, known as the Sharjah Group, divided its capital into 50 million shares, of
      AP  -  81 words
    • Article
      Lock icon Brezhnev's birthday
      80 1 Reuter MOSCOW, Mon. The Soviet Union today began the final built-up for Communist Party chief Leonid Brezhnev's 70th birthday with the Moscow showing of a new film on his life and the arrival of President Erich Honecker to give him two top East German awards. But officials are
      Reuter  -  80 words
    • Article
      Lock icon Tap stocks run out
      24 1 Reuter LONDON, Mon. The British Government medium-dated tap stocks, treasury three per cent 1982, has been exhausted, dealers said. Reuter.
      Reuter  -  24 words
    • Article
      Lock icon DOw Jones
      44 1 UPI NEW YORK, Mon. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 lndust 972.49, down 0.66; 20 transp 230.61, down 0.27; 15 utlls. 105.19, down 0.51; 65 stocks 315.61, down 0.47. UPI
      UPI  -  44 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      182 1 YESTERDAY was the best day in weeks for the Stock Exchange of Singapore as trading turned fairly active. Good gains were noted across the boards. Haw Par rose five cents to $1.09 and Sime Darby was up 10 cents to $3.34. The Business Times index rose 5.45
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    • Article
      In Kuala Lumpur
      114 1 Rites Most active O.C.B.C. 8 7.00 .20 Haw Par 442,000 A. Hltam Tin ***** .20 Central Sugars 174,000 F.E.L' (ton 8 2.78 .15 Stme Darbv ISO MO Supreme Corp. 9 1,50 .15 8ime Darby 8 3.50 .12 S. Trading 8 5.20 .10 M. Banking 0.40 .10 TalplngCon
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  • Article
    Options mart plans are maturing
    1001 1  -  LIKELY TO OPEN IN THE NEW YEAR By ANTHONY ROWLEY PLANS by the Stock Exchange of Singapore to set up an organised market for trading share options, an adjunct to the existing securities markets, are reliably understood to be at an advanced stage. This Indicates
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  • Article, Illustration
    Opposition gives up 16 seats without a fight
    666 1 ONE hundred and twenty four candidates are vying for 09 seats In the Singapore Parliament. When nominations closed at the nine centres at noon yesterday, opposition parties had managed to field just 55 candidates against 60 from the ruling party, the People's
    666 words
  • Article
    Lock icon 'Safety net' visit?
    113 1 Reuter LONDON, Mon. A senior British Treasury official. Sir Derek Mitchell, flew to the US at the weekend for consultations with US government officials, on international monetary subjects, Treasury sources here said. The sources would not comment on press reports that Sir Derek's visit represented a British
    Reuter  -  113 words
  • Article
    There's no rational alternative to us, says Lee
    316 1 MR. Lee Kuan Yew, the secretary-general of the People's Action Party, yesterday described opposition leaders as Inconsequential men who do not provide a rational alternative to the PAP. He was speaking at a press conference at the SlngaGre Polytechnic after filing i
    316 words
  • Article
    FINALISING NEW KLSE
    330 1 KUALA LUMPUR, Mon. The "new" Kuala Lumpur Stock Exchange Is expected to get its certificate of Incorporation from the Registrar of Companies by Saturday. Officials are now finalising the Exchange's rules, by-laws and Articles of Association to conform with the law governing the operation of the securities
    330 words
  • Article, Illustration
    Lock icon Saudis threaten to quit price system
    262 1 AP BEIRUT, Mob. Saudi Arabia haa threatened to •top supporting the pricing system of the Organisation of Petroleum Exporting Countries (Opec) because "other countries cut prices as they wish," the Middle East Economic Survey reported today. The paper said Saudi oil Minister Sheikh Ahmed
    AP  -  262 words
  • Article
    $100m order for S'pore yard
    226 1 SINGAPORE Slipway and Engineering has won a $72 million contract for eight option vessels, making the total contract (worth more than $100 million) the largest single shipbuilding order won by a Singapore yard this year. The original order, for four vessels and eight options, was
    226 words
  • Article
    POSB'S FIRST BIG ROLE IN BOND MARKET
    360 1 KEPPEL Shipyard's third bond issue, announced yesterday, marks the appearance of the Post Office Savings Bank in a major capacity in the Singapore bond market. Well-informed sources say that the POSB, acting as a manager of a bond issue for the first time,
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  • Article
    Lock icon Shares rise
    40 1 UPI LONDON, Mon. The stock market was In good form today, rising 6.8 points to 336.9 by mid-afternoon. Firmness of the pound ahead of Wednesday's economic package and optimism about the course of interest rates boosted sentiment. UPI.
    UPI  -  40 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      33 1 '.v.. INSIDE Overseas news/TV Radio Local Co am International Co P2 Transport ft Com* pi anunicatkms PI Features Pit pc Local ft Overseas n BOWS PII W Local ft Overseas P7 news Pll
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    • Advertisement
      Page 1 Advertisements Column 2
      56 1 >TV »li> I f a v«v 4r i J **«*> V\l V r •v 4 4 V Become an Option Account Shopper with Robinson's Mdu can buy almost anything now and arrange payments to suit your personal budget. Specialists' Shopping Centra Orchard Road Singapore 9 Td: *****2 Sir. Si Oh
      56 words
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      Page 1 Advertisements Column 3
      97 1 U-BIX COMPLETE COPYNG SYSTEM APS ELECTRONICS (PRIVATE) LIMITED tm»—on T« wmtLONI APS ELECTRONICS (M) SON BHD KUALA LIAHM* T« SEE PAGE 2 EXPORT. GOOD FOR YOUR BUSINESS, GOOD FOR SINGAPORE. The Chartered Bank takes the complications out of export and puts the service in. More than 1500 branches all over
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  • OVERSEAS
    • Article
      Lock icon Miki insists the LDP accept his reforms
      498 2 UPI TOKYO, Mon. Justice Minister Osamu Inaba has told a leading Japanese newspaper that Prime Minister Takeo Mlkl will insist that his party, the ruling Liberal Democratic Party, accept the reforms he has proposed. In an exclusive Interview with the Malnlchl Shlmbun published
      UPI  -  498 words
    • Article
      Land grab tussle goes legal
      253 2 MEXICO CITY, Mon. The confrontation between estate owners and landless peasants in Mexico's fertile northern region has turned Into a complex but peaceful legal tussle. The battle was being fought out In lawyer offices rather than in the fields, where local officials In two nothern
      253 words
    • Article
      Lock icon JAPAN GROWTH DOWN?
      152 2 Reuter TOKYO, Mon. Japan Economic Research Centre said it lowered its projection for Japan's fiscal 1979 real growth to 5.9 per cent from its previous estimate of 8.1 per cent, and cut its fiscal 1976 forecast to 6.2 per cent from 6.9 per cent. The centre said
      Reuter  -  152 words
    • Article
      Lock icon Italy asks US for pledge to cover lira
      243 2 UPI NEW YORK, Mon. Italian Premier Olullo Andreotti said yesterday he believed his belt-tlghtenlg measures will work because "our people have much better sense than is generally believed." He also said he had asked President Ford for a "guarantee" that would cover
      UPI  -  243 words
    • Article
      Lock icon French inflation slows
      141 2 Reuter PARIS, Mon. French industrialists expect the Increase in industrial production prices to slow to about 0.6 per cent a month In coming months from a monthly 0.8 per cent average rise between June and last month, a survey by the French National Statistics Institute shows. The
      Reuter  -  141 words
    • Article, Illustration
      Lock icon Sssheiks attend parade
      74 2 ABU DHABI, Mon. Sheik Sayed bin Sultan Al-Nahyan, President of the United Arab Emirates, and ruler of Abu Dhabi, (second from right), reviews a National Day parade of troops here yesterday, while Sheik Rashid bin Said Al-Maktoum (third from right), and another member of the en* tourage
      AP Radiophoto.  -  74 words
    • Article
      Lock icon Experts pave the way
      75 2 Reuter DOHA, Mon. Experts from the 13-natlon Organisation of Petroleum Exporting Countries (OPEC) have begun meeting here to prepare for Wednesday's ministerial price- fixing session. Officials said the experts discussed oil differentials the way different grades of crude are priced in relation to a fixed marker.
      Reuter  -  75 words
    • Article
      Lock icon What Nobel man says
      72 2 UPI MIAMI, Mon. Nobel prize winning economist Paul Samuelson says an Increase of 10 to 15 per cent in oil prices Imposed by the Organisation of Petroleum Exporting Countries would not have a major adverse Impact on America's economy, as did the 1973 Opec price increase.
      UPI  -  72 words
    • Article
      Lock icon Top council meeting
      62 2 Reuter JAKARTA, Mon. Indonesia's Supreme Advisory Council began a five-day meeting here today to discuss the country's current political, economic and security situation. The council, which advises President Suharto on various matters will recommend ways of solving problems faced by the state. The council chairman Wllopo said
      Reuter  -  62 words
    • Article
      Lock icon Carter's choice for Treasury post
      207 2 AP WASHINGTON, Mon. US President-elect Jimmy Cuter plans to name Mr. w. Michael Blumenthal, chairman of Bendlx Corporation, as Secretary of the Treasury, sources close to Mr. Carter said last night. The sources also said Mr. Carter was "almost certain" to name Jane CahlU Pfelffer,
      AP  -  207 words
    • Article
      Lock icon CHANGING TIMES, SO OPEC MEET WILL BE LESS DRAMATIC
      1411 2 NYT LONDON, Mon. Three years ago, Just before Christmas, six angry countries that surround the Persian Oulf met In Teheran and doubled the price of a barrel of light Arabian crude oil. On top of smaller increases just a few months
      NYT  -  1,411 words
    • Article
      Lock icon US, Japan resume fishing talks
      399 2 AP WASHINGTON, Mon. The United States and Japan resume negotiations today on a new fishing agreement designed to take Into account US legislation to extend the American fisheries Jurisdiction to 320 km. Talks last month in Tokyo broke up without agreement but American officials believe
      AP  -  399 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      627 2 From January 1977 SINGAPORE BUSINESS is on sale. What, another business publication? No, not just another. In fact, we were here first and businessmen here still find they need Singapore Trade and Industry monthly to give them the depth, the essential facts and figures and the "inside dope" on what's
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      329 2 WEATHER report for 24 hours prior to 7.30 p.m. on Dec 13 at Singapore airport. Maximum temperature 30.8° C Associated humidity 65 Minimum temperature 23.0° C Associated humidity 98 Hours of sunshine 7.63 Rainfall in millimeters Nil Total rainfall for the month 18.9 Total rainy days for the month 4
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      158 3 kji ill i xi 1111 ITI t i *V GLASS |*i;; y>. m st* ia ilj I jgS-ii't I J® nil i teii Fin I Si f fell!* idi Jiiil iiiy r Ijj ™l! A U !!?:..t V' r*». i iiiiii •mil, K iSssss j-*-. 'It i#**: r ft# I
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  • COMPANY NEWS
    • Article, Illustration
      Fast-expanding Metro set to turn in record earnings
      1241 4  -  By ARTHUR NG FAST-EXPANDING Metro Holdings looks all set to turn in record earnings for the current year. For the half-time ended Sept 30, 1976, unaudited group pre-tax profit rose by more than half to $2.16 million from $1.38 million last time
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    • Article
      Lower Perak
      30 4 LOWER Perak Tin Dredging has declared an unchanged interim dividend of 7Vt Malaysian cents for the year ending April 30, 1977. The dividend is payable on Jan 12.
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    • Article
      Can the opposition rally enough support?
      1141 4 GOLDEN HOPE LONDON ASIATIC PATALING MERGER THE detailed terms of the merger between Qolden Hope, London Asiatic and Patallng and the scheme of arrangement which will bring the resulting plantation combine to a domicile In Malaysia were sent to shareholders last Friday. They added
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    • Article
      U. Malacca 89pc up at half-time
      295 4 REFLECTING the buoyant conditions prevailing In the rubber and oil palm markets, United Malacca Rubber Estates has chalked up a hefty increase In profits for the first six months ended Oct 31, this year. Estimated unaudited pretax profit rose by 80.3 per cent to
      295 words
    • Article
      Veneer Products' scheme effected
      122 4 VENEER Products' scheme to reduce Its paid-up capital by 50 per cent to $5.71 million and cancel Its entire share premium account of $978,415 has taken effect from Nov 30, 1976. A company statement says this was the date the order of the court confirming the
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    • LATEST RESULTS
      • Article
        Central Securities
        69 4 CENTRAL SECURITIES (HOLDINGS) Consolidated pre-tax profit M 55.54 million ($1.64 million for the year ended May 31. 1976. Share In loss of associated companies $608,824 ($387,783) and taxation $2 million ($3.59 million) leaving after-tax profit of $2.93 million (loss $2.33 million). Share of minority shareholders in loss of
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      • Article
        Bukit Katil
        60 4 BUKIT KATIL RUBBER ESTATES Pre-tax profit M 5445,088 ($127,562) for the first six months ended Oct 31, 1976. Net proceeds of rubber sales $281,826 ($136,490), cess refund $20,024 (nil) and net profit on sale of oil palm fruit $214,421 ($34,065). Rubber harvested 467.510 lbs (300,700). Average selling price
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    • COMPANY MEETINGS
    • Article
      PEOPLE IN BUSINESS
      196 4 THE Straits Group has announced the following appointments In Its subsidiary companies: Mr. Tan Kon Seng as mechanical supervisor of Ocean Properties and Messrs. Koh Tiong Jin and' Lim Ah Doo as marketing executive and business Information analyst respectively In Computer Processing Services. Mr. Sng Cheok Kye
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    • Article
      DIVIDENDS ANNOUNCED
      405 4 Current E* Date Total for Total for payment Date payable the year previous year Kemayan 7.5% Nov. 12 Dec. 15 7.5% NIL Kp«. Lanjui 10* Nov. 24 Dec. 18 10%+ 28.87% U.I.C. 20% Dec. 8 Dec. 18 20% 18.3%c Toshiba MalakofT 12% TE Nov. 18 Dec 20 12%TE
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      441 4 You have only one face make the best of it. Advice from Business Times. If your corporate face isn't as good as it could be Business Times can help change it for the better. Few people place their trust in a total stranger. This has to be one of the
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon BOC sees no change in results
      573 5 Reuter LONDON Mon. BOC International chairman Mr. Leslie Smith, said full year results, due on Dec 22, will show a picture little different from the reasonably satisfactory results of the first nine months. But analysts may be very pleasantly surprised by the small increase
      Reuter  -  573 words
    • Article
      Lock icon Philips (A) bids for Pye
      168 5 Reuter SYDNEY, Mon. Philips Industries Holdings said it plans to bid for the entire Issued capital of Pye Industries. The company, a sub-' sidiary of Philips Gloielampenfabrleken, said It will make the offer in about four months' time when both companies' 1976 accounts will be
      Reuter  -  168 words
    • Article
      Trafalgar buoyant
      250 5 LONDON Mon. Trafalgar House Investments has enjoyed a big Jump In profits for the year ended Sept 30, 1976. Pre-tax profit rose 51.5 per cent to £33.62 million from £22.19 million last time. Coming on the back of a 17 per cent Increases In turnover to £448 million
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    • Article
      Mt. Lyell to up copper output
      186 5 SYDNEY, Mon. Mount Lyell and Railway said It plans to Increase copper output to 17 500 tonnes per year from the originally planned 15,000 tonnes by extending operations to include the Cape Horn and Aliens orebodles. It said in the statement to the Sydney
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    • Article
      Engelhard
      33 5 NEW YORK, Mon. Engelhard Minerals and Chemicals plans to increase the quarterly dividend to 30 US cents a share from 25 cents, payable on Dec 30 to shareholders registered on Dec 20.
      33 words
    • Article
      Lock icon Poseidon to call for tenders
      157 5 Reuter BYDNEY, Mon. Poaeldon's receiver/manager Mr. Noel Buckley told Reuters by telephone from Melbourne he intends to call tenders for the sale of Poseidon's half-share In the Wlndarra, Western Australia, nickel mine. He said he Is not certain when he will call the tenders but
      Reuter  -  157 words
    • Briefly
      • Article
        Flour improves
        124 5 NEW YORK, Mon. A 36.8 per cent Jump In net earnings to U5564.88 million from $47.41 million has been reported by Flour Corp for the year Oct 31, 1976. The profit increase came on the back of a 35.3 per cent rise In revenue to $1.8 billion from
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      • Article
        Lai Sun
        67 5 HONGKONG, Mon. Lai Sun Garment has enjoyed a 42.9 per cent rise In net profit to HK512.95 million from $9.06 million for the year ended July 31, 1976. Consolidated net profit was $13.93 million. There are no comparative figures. Lai Sun has lifted the total dividend for the
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      • Article
        Dow Chem
        61 5 MIDLAND, Mich, Mon. Dow Chemical said it will buy 1.5 million shares of its common stock In calendar 1977 to cover shares Issued to employees through stockoptlon and payrolldeduction stock purchase plans in 1976. The stock will be bought from time to time on the open market or
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      • Article
        Lock icon Textile Corp
        78 5 Reuter HONGKONG, Mon. Textile Corporation of Hongkong has reported unaudited consolidated net profit of HK55.92 million for the first six months ended Sept 30, 1976. The company earlier reported consolidated net profit of $910,000 for the 15 months ended March 31, 1976. The chairman, Sir Douglas Clague said
        Reuter  -  78 words
      • Article
        Kanebo turnround
        71 5 TOKYO, Mon. Kanebo has achieved a big turnround Into profit in the first half-year ended Oct 31, 1976. It reported after-tax profit of 456 million yen for the six months compared with a loss of 1.35 billion yen last time. This was achieved on a slight increase in
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      • Article
        Anglo Am mines
        76 5 JOHANNESBURG, Mon. Anglo American Corp of South Africa has announced the following final dividends for its Transvaal gold mines for 1976, to shareholder registered on Dec 24. Vaal Reefs Exploration and Mining 60 cents (100 cents), making 110 cents (175 cents). Wester Deep Levels 45 cents (80
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      • Article
        Hoesch
        92 5 DORTMUND, Mon. Hoesch will put around 15,000 of Its 25,000 workers here on short-time for two weeks between Jan 24 and Feb 6, a Hoesch official said. He said the workers affected are mostly in its steel mills. Some 500 employees in the processing sector, mostly making steel pipes,
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    • Article
      Lock icon More to apply for listing
      229 5 Reuter FRANKFURT. Hon. Foreign companies, which hope to tap the foreign mark loan market and alto to raise their marketing profiles here, will continue to apply In steady numbers for listings on German bourses, Mr. Karl-Oskar Koenlgs, tanner at Bankhaus [etzler Seel Sohn Und told
      Reuter  -  229 words
    • Article
      Lock icon Securitibank liquidation move
      85 5 Reuter AUCKLAND. Mon. Securitibank's application to be placed In provisional liquidation followed withdrawals by depositors totalling NZ$5 million In the past 10 days, bank chairman, Mr. J.B. Rutherford said. "There were Indications that this level of loss of deposits would continue," he said in a statement, adding
      Reuter  -  85 words
    • Article
      Lock icon Foreign investment in US will increase
      159 5 Reuter NEW YORK. Mon. Foreign Investment in the U8 is Increasing and seems likely to continue, an analysis of foreign Investment by the conference board shows. The increased foreign investment Is being triggered by relatively low costs, raw materials availability and foreign confidence In
      Reuter  -  159 words
    • Article
      Lock icon Pancon gives mining details
      272 5 Reuter SYDNEY, Mon. Pancontlnental Mining chairman, Mr. Tony Grey, said production will start at the Jablluka uranium deposit at the end of 1979. At an Initial rate of 3,000 tonnes of uranium-oxide concentrate. Mr. Grey told the annual meeting construction will begin during the dry season
      Reuter  -  272 words
    • Article
      Lock icon Teledyne still buying Litton stock
      180 5 Reuter LOS ANGELES, Mon. Litton Industries chairman, Mr. Charles Thornton, told the weekend annual meeting that Teledyne still Is buying Its stock. But Mr. Thornton said he believes Teledyne s repeated declarations that the stock purchases are for Investment purposes only. Litton also considers the
      Reuter  -  180 words
    • Article
      Lock icon Bridge, Offshore report gas flow
      161 5 Reuter SYDNEY, Mon. Bridge Oil and Offshore Oil said the Silver Springs No. 3 well flowed gas to surface at the rate of 10.5 million cu ft per day. Production was from the Basal Wandoan sands, the productive sands for both the Silver Springs and
      Reuter  -  161 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      284 5 In rough spots around town, it's better to be with a Bedford. Look at some of the toughest, roughest jobs going on around town today and you're bound to see Bedford trucks. In just about the biggest project in the Republic the building of the International Airport at Changi —you
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  • Article
    Share Information Service
    1973 6 SECTION ONE INDUSTRIALS Gr'i Or** N«t 1976 Last div Div jr'M pnt V«l Day Hfeh Low Ctapuy Sale +«r* e'rr <••••> Hi** LM» 175* 135* Acma 135xrl 12.ON 1.1 8.8 6.8 m m 206 172 Alcom 206 20.0 1.3 9.7 13.2 m 100 60 Allied Choc 62
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  • Article
    Transactions in Singapore
    1215 6 BID and offer prices officially Hated and business In and reported to (be Stock Exchange of Bincapore yesterday with the number of shares traded shown In bracket* In lots of 1000 units unless otherwise specified. All Time Settlement Contracts are S«d after the word "Sett." Board deals
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  • Article
    In Kuala Lumpur
    1314 6 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 A. Tap* (O.&Ofc, AliMMti (1 SOB 1.888) AlMm (JIIB MM) а.M.O.
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  • Article
    Unit trusts
    139 6 SINGAPORE UNIT TRUST (Miuiara' ink— for Dec 14) Th* Commerce 1.70 1.80 TT* 8» Tin* Fund OM O.N 8'port Prof, Fund 0.7V o.H 8'pore Security Fund IK 1.33 8'pore Invert Fund 1.08 1.0* ASIA UNIT TRUST (Nuiim' prieM for Dec 14) Mai Invert Fund 1.65 1.70 Mai Prof
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  • Article
    External currency bonds
    134 6 B O T 8 1/2* 1961 (1M.000) (102WB 1038) D B 8 8 1/2% 1962 (IM.OM) (99M8 100*8) D B 8 Converts 6 1/2% IMI (100,000) (M*B 97*8X2)97* E I B 9% 1962 (100,000) (102*B 103*8) E I B 8 1/4% IM3 (100,000) (M*B 99*8X1)99* 8 B
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  • Article
    Domestic govt bonds
    98 6 5 1/2% 15/4/78 (1,000,000) (101.558 101.858) 5 1/4* 15/7/78 (1,000,000) (101.258 101.358) 7* 1/7/79 (1,000,000) (104.508 104.908) 5 1/4% 15/18/79 (1.000,000X1)100.70 S 3/4% 15/5/88 (1,000,000) (102.958 103.058) 5 3/4% 1/12/89 (1,000,000) (102.958 5% T F 15/4/81 (1,000,000) (101.308 101.408) 5% T F 15/10/81 (1,000.000) (101.258 5 3/4%
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      123 6 msnrnu mmw START ami with Fioauii micmits HOMI SWOIIS DIVISION Iff* WOLSEY HALL COURSES Professional Examination Courses Institute of Administrative Management Institute of Bankers Inst, of Chartered Secretaries and Administrators Institute of Statisticians London Chamber of Commerce and Industry Act immediately for examination success write in for a free prospectus.
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  • Article
    Good gains by shares
    536 7 CONDITIONS toned firm ia fairly active trading at the Steek Exchange of Siagapore yeeterday. It was easily the beet day aoted ia several weeks. Galas of two to three per eeat were common on moot boards. Speculative buying provided the main impetus to price movements and
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  • Article
    Trading in KL buoyant
    534 7 SHARES reacted higher on the Kuala Lumpur Stock Exchange yesterday In one of the most promising rallies noted for months. Following the previous week's better closing, the market opened fairly steady but started to move rapidly ahead after the mldmornlng break. And from then on, deals
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  • OVERSEAS MARKETS
    • Article
      Tokyo
      479 7 TOKYO: The market closed lover In fairly active trading on Monday with concern over possible margin trading curbs Inviting profit taking, dealers said. The market average declined 18.13 to 4,751.40 with volume 210 million shares, while the New index fell 0.47 to 304.06. Dectrlcals, cars, autoparts and constructions fell
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    • Article
      Hongkong
      357 7 HONOKONO: The market closed higher in active trading on Monday but below the morning's highs as profit-taking pared early gains, dealers said. The Hang Seng index rose 4.36 points to close at 417.22. Prices rose sharply at the opening on local and overseas institutional buying following Friday's firmer trend
      357 words
    • Article
      Sydney
      460 7 SYDNEY: Leading mining and Industrial shares fell back on Monday following the second revaluation of the Australian dollar In two weeks and the Labour election win In Tasmania, dealers said. The Sydney All-Ordlnarles fell 0.74 points to close at 430.71. Export oriented miners and Industrials were the hardest hit.
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    • Article
      Manila
      153 7 MANILA: The market was steady to slightly firmer In quiet trading on Monday, dealers said. Minings held steady against a background of firmer metals prices, while commercials and oils were dull. Meralco and Pfcilcx A and B were higher, but Lepanto B and Seafroot were easier. Atlas Consolidated A
      153 words
    • Article
      Bangkok
      73 7 DEC 11 BahU Asia Fibre 1088 Bangkok Bank 231 ♦2 Bangkok Invaat. 133 -2 Bangkok-Metro-politan Bank Bata StlS unch Bern Jucker 157 unch CharoongThal unch Wirt 1SI Dumex DusltThanl Faber Merlin Klrat Trust 1568 -3 Indo-Thal J And J Ho Jalaprathan Cement Karnasuta LeeKvanfMln Metal Boa 4 806 4-0.1
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  • Article
    Lock icon Standard Oil 1975 year-end revision
    123 7 Reuter CHICAGO, Mon. Standard Oil (Indiana) said revisions In Its estimated 1975 year-end US and Canadian reserves of petroleum liquids and natural gas will reduce Its 1976 earnings by about US$26 million. The reduction reflects Increased depreciation, depletion and amortisation charges to be recorded in
    Reuter  -  123 words
  • Article
    National Financiera
    59 7 FRANKFURT, Mon. The Mexican state-owned financing agency Nacional Flnanclera's 60 million mark, seven-year, private Eurobond placement has been priced at 99 1/4 per cent with an 8 3/4 per cent coupon, banking sources said. Last month the sources expected a par issue price. Lead managers of the issue
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  • Article
    Alcoa takes stake in Alwest
    84 7 SYDNEY. Mon. Alcoa of Australia said it will take an Initial 20 per cent stake In the Alwest bauxite-alumina project, Western Australia, but the other shareholding are still under negotiation. An Alcoa spokesman told Reuters by telephone from Melbourne that Reynolds Metal and Alcoa will
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  • Article
    Lock icon Banker sees 15pc rise
    988 7 GERMAN SHARE PRICES Reuter FRANKFURT, lion. German share prices aided by the reform of the corporation tax law could rise 15 per cent on average over the next year, KarlOtkar Koenlgs, partner at Bankhaus Metsler Seel Sohn Und told Reuters. Fundamental data Indicate shares can resume
    Reuter  -  988 words
  • Article
    Lock icon Credit marts may move toward higher prices
    638 7 NYT NEW YORK, Mon. If the credit markets hold true to recent form, they will continue to move toward higher prices and lower Interest rates this week. For a month, the direction of the credit markets each- week seems to have been fixed
    NYT  -  638 words
  • Article
    Profit slowdown in Japanese companies
    87 7 TOKYO, Mon. Yamaichl Research Institute forecast the rise In Japanese companies' profits would slow under the Impact of the pause In the domestic economic recovery and a possible rise in crude oil prices In the near future. The institute, an affiliate of Yamaichi Securities, said
    87 words
  • Article
    Lock icon Libyan-Fiat deal: Russia may benefit
    475 7 NYT ROME, Mon. The Soviet Union has emerged as a potential beneficiary from the agreement by Libya to take a 10 per cent holding In Flat, the giant automobile company. Some Italian newspapers also suggested that the Soviet Union, which has its own arrangements with
    NYT  -  475 words
  • Article
    Lock icon US Steel unhappy with reaction
    318 7 AP PITTSBURGH, Pennsylvania, Mon. —US Steel Corp has. taken strong exception to a suggestion that the American steel industry may have forfeited its right to government Intervention against unfair foreign trade practices as a result of recent price hikes. Senator William V. Roth Jr., a
    AP  -  318 words
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      95 7 Enrol now with CCPlinr a BRIGHTH) FUTURE fOUIKS LYNCH FEDERAL PUBLICATIONS Home Studies Division for the following FOULKS LYNCH Courses Association of Certified Accountants Institute of Cost and Management Accountants Association of International Accountants Institute of Taxation Institute of Accounting Staff Society of Company and Commercial Accountants Institute of Administrative
      95 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Rubber market
      577 8 OPENING quotations In the Singapore rubber market yesterday were marked down following lower overseas advices. Prices then fluctuated narrowly on lack of worthwhile orders before telling further after midday on fresh offerings, dealers said. Apart form enquiries for nearby RSS one, physicals were neglected. A quiet morning session
      577 words
    • Article
      SSR and SMR
      103 8 DAILY SSR and SMR prices at noon yesterday: R.A.S. (Current Mth) Buyer* Sellers (cents per kg) Feb (Forward Mth) Buyers Sellers (csats per kg) SSR 20 SSR 50 (1—ton Pallets) (1—ton Pallets) 183 00 180.50 184 008 181.SON 184.00 181.SO 185.00N 182. SON M.R.E.L.B. SMR5CV SMR 51
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    • Article
      Produce prices
      124 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil Bulk *82* sellers, old drum SOT* sellers, new drum *92* sellers Copra Mixed (looee) UK/ Cont. *51 buyers Pepper Muntok ABTA white f o b. 100% NLW *307* teller*. Sarawak white f o b. 96* NLW
      124 words
    • Article
      Straits tin
      125 8 THE StralU tin price In Penanf yesterday was up $3.82 ft to $1,246.12* per plcul on an official offering up 74 tonnes to 270 tonnes. In LONDON, yesterday, tin softened by £30 per tonne for Cash and around £18 for Three Months In both contracts. Dealers attributed the
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    • Article
      Closing prices
      30 8 Rubber: Dec 13 Singapore: Jan. 193.0$ eU (down 1.2$ cts.) Malaysia: Jan. 197.75 cts. (down 1.56 cts) Tin: $1,248.12*4 (np $3,624). Official offering: 270 tonnes (up 74 tonnes)
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    • Article
      Gold
      178 8 QUIET conditions prevailed In the Singapore gold market yesterday. London Sid opened at the day's fh of U*****.75 per ounce and drifted on lack of Interest to 8135.75 before recovering to close at $136.50. The kilo bar traded In moderate quantities between 5510.900 and $10,975. The London morning Axing
      178 words
    • Article
      Copper
      109 8 LONDON, Mon. Copper wire bars lost £2.50 per tonne for Cash and £2 for Three Months. A softer tendency developed on the pre-market under scattered liquidation prompted by steadier sterling and continued lack of significant physical offtake. Values steadied in the ring however on small-scale covering Induced by the
      109 words
    • Article
      Silver
      67 8 LONDON, Mon. Silver eased by 4.7 to 4.5 pence per troy ounce. The movement was touched off by Friday's New York decline and steadier sterling today, dealers said. The fall In gold and the bullion dealers fix were contributory factors, they added. Three Months finally traded at 268.8 pence.
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    • Article
      Zinc
      54 8 LONDON, Mon. Zinc gained £0.75 per tonne for Cash and £1.50 for three months. The softer trend In copper Induced some liquidation on the pre-market although losses were recouped In the ring. Trade covering and chart buying lifted Three Months to £408 per tonne before profit-taking stemmed the advance.
      54 words
    • Article
      LME stocks
      51 8 LONDON, Mon. Stocks In London Metal Exchange official warehouses at the end of last week: (all In tonnes except silver) Copper fell 300 to 593, 525 Tin fell 70 to 6,020 Lead rose 950 to 69,800 Zinc fell 3,200 to 99,550 Silver fell 300,000 to 28,730,000 troy ounces.
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    • Article
      Coffee
      157 8 LONDON, Mon. Robusta futures ended the opening call steady with 304 lots traded. During the call values were again pushed into new life of contract highs In all but near and distant Jan. Market sources attributed the rise to news of higher Brasllian export prices. Terminal closed the morning
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    • Article
      Sugar
      87 8 LONDON, Mon. Terminal sugar recorded first call losses against Friday's close of £2.95 with near May at £134.60 to £2.15 per tonne at or slightly below kerb levels. But the market later steadied slightly in thin trading. Dealers attributed the underlying steadiness to Friday's US trade reports that China
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    • Article
      Rice
      193 8 BANGKOK, Mon. Indicative prices for rice quoted yesterday were: In HONGKONG, the market was steady with prices up 10 cents to 50 cents per plcul. The day's turnover totalled 423 tons, comprising Thais 128 tons, Kwangtungs 209 tons, and Australia* 86 tons. Arrival was from Kwangtungs 445 tons. US
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    • Article
      Lock icon Thai rice for Asean
      118 8 Reuter BANGKOK, Mon. Thailand expects to export about 400,000 or 500,000 tons of rice annually to other members of the Association of South-east Asian Nations (Asean) in future, Commerce Minister Mr. Suthee Nartvorathas said. He told a press conference that Indonesia had already agreed, during the
      Reuter  -  118 words
    • Article
      Lead
      38 8 LONDON, Mon. Lead lost about £1.25 for Cash and £0.50 for Three Months. The market was basically steady mainly on trade buying support which held Three Months around the £293 per tonne level. Sales were 2,025 tonnes.
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    • Article
      Felda's $140m oil palm, rubber development plan
      268 8 KUALA LUMPUR, Mon. The Federal Land Development Authority (Felda) will spend $140.0 million next year to develop 100,000 acres of land for oil palm, rubber, cocoa and coffee, the Dewan Rakyat was told on Friday. Out of this acreage, 05,000 acres will be
      268 words
    • Article
      KL PLAN TO BOOST DAIRY FARMING
      549 8 KUALA LUMPUR, Mon. The Veterinary Department has signed a contract with Australia for the supply of 2,000 to 3,000 heads of dairy calves annually for three consecutive years beginning 1978. The Imported breed, together with locally raised dairy cattle, will greatly boost the participation
      549 words
    • Article
      Lock icon Bolvia to study ITC proposal
      189 8 Reuter LA PAZ, Mon. A Bolivian Mines Ministry spokesman said the Government Is carefully studying the International Tin Council decision to Increase tin prices but Is In no hurry to decide on whether to ratify the fifth International Tin Agreement. The spokesman said a telexed
      Reuter  -  189 words
  • MONEY AND EXCHANGES
    • Article
      Australia/NZ
      48 8 AUSTRALIA/NZ exchanges quoted on Dec 13. Australia: Sterling 0.6331/0.6258 US dollar 1.0545/1.0497 Ninety day air mall buying ratesSterling 0.6637 US dollars 1.0793 Ninety day forward buying rates: Sterling 0.6524 US dollars 1.0571 New Zealand: Sterling 0.5473/0.5443 US dollar 0.9190/0.9090 Ninety day forward rate: Sterling 0.5888/US dollar 0.9361
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    • Article
      Frankfurt
      32 8 FRANKFURT exchanges opening quotes on Dec 13. US 2.3915/30 Can 2.3390/3400 UK 4.000/015 Neth 95.77/92 Switz 97.60/75 Italy 2.760/775 France 47.92/48.12 Norw 45.74/84 Belg com 6.545/560 Belg fin 6.54/55 Japan 0.8130/40
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    • Article
      Eurobond prices
      359 8 LONDON, Mon. Eurobonds were generally steady in quiet trading, dealers said. US Issues were little changed from Friday's levels in low volume, and dealers considered that the market had already discounted the prime rate cuts made by major US banks on Friday. Among the more recent Issues, the
      359 words
    • Article
      Singapore
      552 8 RATES for overnight funds fell by about 1% per cent yesterday in the Singapore domestic money market to hit a low of 1% per cent at the close. Dealers attributed this fall to the absence of support by lender banks, and the rate they feel Is indicative of the
      552 words
    • Article
      Asian $ rates
      149 8 Asian rates ASIAN currency deposit interbank rates u at clow oil Dec 13 US Dollars (Spot) 7 days 1 mth 3 mths 3 mths mths mths 13 mths 4 7/3 4 3/4 4 18/16 IB 13/16 S 4 71 5 3/16 5 1/16 S 3/8 5 1/4 Re. Pis. Daw.
      149 words
    • Article
      Discount market
      54 8 RANGE of pri cm offered by ducount houaea on Dec 13. Overnight 1 1/1 to 3% CU1 deport! y% Buy 1 Mliac 3- Month Treasurer bill* 3* 2 7/1 3-Month Ban lu bUla 3 1/M 3 5/18 3-Month CD 3 1/3 3 M •-Month CD 1/4 4 1/1
      54 words
    • Article
      Minimum lending rates (in %)
      59 8 Minimum lending rates (in ACBC 8V« Algemene Bank 6% Bangkok Bank 7* Bank or America 6\ Bank of China .1% Bank or Tokyo .6\ Bank Negara Indonesia T« Chartered Bank a*. Chase Manhattan 6\ DBS 6% First Chicago 6V, Citibank 6%» HSBC 7 Indosuez 6* Malayan Banking 6*» Mitsui Bank
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    • Article
      London
      193 8 LONDON, Mon. A round of prime rate cuts by major US banks on Friday brought the dollar slightly easier in quiet opening trading, dealers said. The mark was quoted at 2.3920/35 to the dollar after early indications of 2.3910/20 compared with Friday's close of 2.3950/60 following the confirmation of
      193 words
    • Article
      Hongkong
      183 8 HONGKONG, Mon. The Australian dollar moved In line with Its 1.28 per cent revaluation against the US dollar here and was quoted at U551.0515/0525 compared with the new official rate of U551.0521 and Friday's midpoint of $1.0388, dealers said. However they reported only slight business in the Australian unit
      183 words
    • Article
      Tokyo
      148 8 TOKYO, Mon. The US dollar for overnight delivery closed lower at 204.70 compared with 205.05 at Friday's close but slightly up from 204.65 at the opening. Dealers said the US currency initially fell on increased selling which exceeded buying demand for Import needs early this week. They attributed the
      148 words
    • Article
      Euro $ rates
      175 8 Euro rates LONDON, Mon. A slightly offered tendency was noted in early Eurodollar deposit trading with early business slow in line with usual early Monday trading, dealers said. The easier tendency was ascribed to US interest rate factors following cuts in US grimes on Friday. Morgan Guaranty cut its prime
      175 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      448 8 3C I I 2 3P PL Li ft s »<2 J THE GREAT BOOKS OF WESTERN CMUZAIION These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built
      448 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      Russian fleet to retain No. 6 position
      574 9 THE Soviet merchant marine, according to its own projections, will retain sixth place In world shipping tonnage in the year ahead, a position It has occupied since 1964. Its merchant marine will expand to accomodate the Increase in trade that the Soviet Union
      574 words
    • Article
      Lock icon Port of Beirut to reopen
      103 9 Reuter BEIRUT, Mon. The Port of Beirut, devastated during 19 months of civil war here, will resume small-scale operations on Wednesday, Mr. Adnan Kassar, president of Lebanon's Chamber of Commerce and Industry, said here. He told Reuters that limited warehousing capacity is likely to be
      Reuter  -  103 words
    • Article
      Lock icon $384 mil deal for design of US warship
      257 9 AP WASHINQTON, Mon. The US navy has awarded a US$l6O million (Ss3B4 million) contract for design for a new type of warship that would ride on an air bubble at speeds about three times that of conventional ships. The contract went to
      AP  -  257 words
    • Article
      Lock icon World's longest non-stop passenger flight
      634 9 Reuter SYDNEY, Mon. A new era In aviation began today with the completion of the longest ever non-stop commercial flight. A modified Boeing 747 "Jumbo" operated by Pan Am left here yesterday, and arrived in San Francisco 13V& hours later, after spanning nearly a third
      Reuter  -  634 words
    • Article, Illustration
      IN PORT
      364 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Jastarnia Bor (after Oriental Musician) (Draft 9m) 3/4 Perseus (after Tamuraeverett) 8/7 Sun Eel No 2 (0600 after August Cesarec) 8/9 San Francisco Maru (0530 hauls 10m West) (after August Cesarec) 10/11 VLsfiva Tlrth (after San Francisco Maru sails) 10/11 Barclay Success (after
      364 words
    • Article
      THE PUSHBUTTON OFFICE OF THE 80's
      508 9 COMPUTER technology Is. advancing so rapidly that, although the vast majority of potential business applications have yet to be realised, another market Is already evolving. This new market, said Mr. Peter Purushotma, marketing manager of Oriental Data Systems, will advance beyond dispersed business data
      508 words
    • Article
      Lock icon Dutch shipper's warning
      91 9 Reuter THE HAGUE, Mon. Dutch shipbuilders should be supported during a recession but shipowners should not be forced to buy vessels from Dutch yards at higher prices than competitors can buy from foreign ones, Shell tanker director Mr. W.H. Brouwer said. Protectionism in one sector could lead
      Reuter  -  91 words
    • Article, Illustration
      Lock icon Biggest ferryboat
      61 9 THE world's biggest ferry-boat, Finnjet, started test drives in Helsinki on Thursday. The vessel is 212 meters long and 25 meters broad. Finnjet of 23,000 Brutto-register tonnes can carry more than 1,500 passengers. It uses two gas turbin engines which produce 75,000h.p. Finnjet will start normal route traffic
      UPI picture  -  61 words
    • Article
      B747 SL due this week
      173 9 THE latest $100 million Boeing 747 SL makes Its maiden voyage to Singapore this week, when It will replace the wide-body DC 10 on Lufthansa German Airlines' Frankfurt-Bombay-Singa pore-Sydney route as from today. The B 747 SL is a longrange Jet with Increased cargo carrying
      173 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      556 9 ARRIVALS Service Local Operator Number Time From CAL CI331 0040 TPE/HKQ/KUL TMA TL303B 0215 BEY/DXB/BOM/ KUL JAL JL712 1000 HLP 8IA SQ211 1010 HLP OLA OA08O 1030 HLP QIA Qa908 1100 MES CALTAXPKCFD 1130 PKU 8AS SK871 1130 CPH/BKK 8IA SQ201 1200 HLP SIA SQ240 1205 MES
      556 words
    • Article
      Lock icon Toyo Kogyo to export new car to Europe
      206 9 Reuter TOKYO, Mon. Toyo Kogyo Company started from this month shipping a new car model, "Z-508," to Western Europe at the rate of 8,000 vehicles monthly to expand its car exports, a company spokesman said. The 1,300 cc hatchback car powered by
      Reuter  -  206 words
    • Article
      Third World news agency
      113 9 COPENHAGEN, Mon. Mr Olof Wahlgren of Sweden, president of the International Press Institute, said the IPI was not an opponent of the idea of the Third World establishing its own news agencies. "But they should not be state-controlled and should be a complement to existing agencies
      113 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      61 9 This announcement ippwm as a matter of record only. December 1978. INCHCAPE MALAYSIA (HOLDINGS) SENDIRIAN BERHAD M 525,000,000 FIVE YEAR TERM LOAN Managed by 4S£4MMNKERS M4L4YSL4 Provided by MALAYAN BANKING BERHAD PERWIRA HABIB BANK BERHAD ASEAMBANKERS MALAYSIA MALAYSIAN INTERNATIONAL MERCHANT BANKERS BERHAD KWONG YIK BANK BERHAD UDA MERCHANT BANKERS BERHAD
      61 words
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  • Article, Illustration
    Lock icon Peru admits workers' participation in boardroom has failed
    703 10  -  By BRIAN MOONEY Reuter PERU'S military government has admitted that socialist experiments with worker participation in the boardroom have failed and has promised changes. Concluding that the system of shared management In the manufacturing industry had contributed to a serious slump In
    Reuter  -  703 words
  • Article, Illustration
    Lock icon Chilean bid to erase its tough image
    1011 10  -  By JONATHAN KANDELL NYT THE rlghtwlng military Junta In Chile Is moving decisively to erase the most visible elements of Its repressive Image, but without dismantling the pervasive state security apparatus or reviving the country's traditional democratic institutions. Last month, President Augusto Pinochet
    NYT  -  1,011 words
  • Article
    Lock icon Three nations that eye the Chopin Express
    1367 10  -  By JOHN MORRISON Reuter VIENNA'S south railway station has become the central point in a secret international tug-of-war over Jewish emigration from the Soviet Union. Three countries, the United States, Israel and the Soviet Union, have a vital political interest in what happens
    Reuter  -  1,367 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      468 10 9Hp a s 4 H 1 I v *1 Jfe fll W t S» Vi? «k i I ..>• 9® X m >\ f l£ $6/ The Straits Times Annual Stops and St ares Where Others Hurry 8y... r r-1 SEND THIS TODAY! Please send me copy/ies of the Straits
      468 words
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  • Article
    Missions to sell Malaysia as export base
    274 11 KUALA LUMPUR, Mon. The Federal Industrial Development Authority (Flda) will send more specialised project missions overseas to promote Malaysia as a suitable base for export operations. Writing in the Malaysian Industrial Digest, a Flda publication, Its chairman, Datuk Jamil Jan said the authority
    274 words
  • Article
    Lock icon Tokyo reviews penalty law against ships
    113 11 Reuter TOKYO, Mon. Japan may introduce a law next spring penalising East European and developing nations which Insist on using only their own ships to carry their own goods, a Ministry of Transport spokesman told Reuters. He said such a law Is now being
    Reuter  -  113 words
  • Article
    Lock icon $94 mil ADB loan sought
    52 11 Reuter KUALA LUMPUR, Mon. Malaysia Is seeking a M$ 94 million loan from the Asian Development Bank (ADB) to finance agriculture, fishery and Irrigation projects under the five-year plan launched last July. The ADB has so far given Malaysia loans totalling $291.4 million for Irrigation
    Reuter  -  52 words
  • Article
    Mansfield offers luxury homes for sale
    186 11 MANSFIELD Piuperty Services, a member ef the Straits Steamship group, is oflsring (or sale seven luxury house* which were built originally for the company's senior executive*. Built in 1970, the houses are being offered at between 1425,000 to 1500,000. They are in the Gallop
    186 words
  • Article
    Lock icon 18 mil rand from loan issues
    109 11 Reuter PRETORIA, Mon. The South African Iron and Steel Industrial Corp's three local loan stock Issues attracted Just short of 18 million rand, a Union Acceptances Ltd spokesman told Reuters. lacor was In the market for 20 million rand of which 18.5 million rand
    Reuter  -  109 words
  • Article
    Lock icon To Taiwan's credit
    43 11 Reuter TAIPEH, Mon. Taiwan exported Industrial goods worth U555,724 million (Ssl.4 billion) in the first 11 months of this year, an Increase of about 52 per cent over the same period in 1975, the Central News Agency reported today. neuter.
    Reuter  -  43 words
  • Article
    Lock icon Japan mission to settle N. Korean debt
    327 11 AP UPI TOKYO, Mon. A 12member business mission left Tokyo for Pyongyang via Peking today to reneSotiate a settlement of forth Korea's multl-mll-lion dollar trade debt to Japan. North Korea currently owes US$26O million (8*640 million) to Japanese trading firms and banks, including
    AP; UPI  -  327 words
  • Article
    Lock icon Domestic metal options available in US again
    878 11 NYT NEW YORK, Mon. From this week commodity traders and speculators will be able to obtain domestic options to buy or sell silver, bullion, and copper bars through federally licensed brokers and metals suppliers (or the first time In more than 40 years.
    NYT  -  878 words
  • Article
    Lock icon 'No dumping of Japan goods in US'
    526 11 KEIDANREN: NO BASIS FOR STEEL PACT UPI TOKYO, Mon. Japan's business leader said today It is unfair to assume Japan should sign a bilateral agreement restricting steel exports to the United States simply because such an agreement was signed by Japan and the
    UPI  -  526 words
  • Article
    Soaring exports up KL surplus to $2.26
    814 11 KUALA LUMPUR, Mon. Malaysia's trade surplus for the first eight months of this year amounted to M 52,195 million compared with a mere $159 million for the same period last year. The trade surplus for the first six months of this year was
    814 words
  • Article
    Housing loans for the poor
    320 11 KUALA LUMPUR, Mon. The Oovernment will launch a massive housing loan scheme for the poor on Jan 1, Finance Minister Tengku Razalelgh Hamzah announced In the Dewan Negara today. Loans from the scheme, to be managed by the Malaysian Building Society (MBS), will carry an
    320 words
  • Article
    Lock icon LOOKING TO AUSSIES FOR SUPPORT?
    132 11 Reuter TOKYO, Mon. Japan has begun talks with Australia to seek support for its opposition to US President-elect Jimmy Carter's expressed plan to withdraw US troops from South Korea, It was reported here today. However, a Foreign Ministry spokesman said that he was not aware
    Reuter  -  132 words
  • Article
    PR firm sued for $11,000
    70 11 DAILEY, Naidu and Chan International, a firm of advertising and public relations consultants, was sued for $11,266 in a writ filed at the High Court yesterday. Malaysian and International Media Representatives is claiming payment of the amount for advertisements placed by the firm allegedly on
    70 words
  • Article
    Lock icon Fertilizer output
    30 11 Reuter TAIPEH, Mon. The government-run Taiwan fertiliser company has announced plans to turn out two million tonnes of fertilizer in 1977, the Central News Agency reported today. Reuter.
    Reuter  -  30 words
  • Article
    Lock icon Top-level Reds in Hanoi for congress
    430 11 NYT BANGKOK, Mon. Toplevel delegations from some of the world's major communist parties arrived In Hanoi over the weekend for tomorrow's opening of the fourth congress of the Vietnam Workers Party the biggest communist spectacle In Indochina In nearly two decades. Heading the list
    NYT  -  430 words
  • Article
    Lock icon SAUDI PORTS' BAN
    103 11 Reuter LONDON, Mon. Saudi Arabian port authorities announced here today that no vessel more than 15 years old would be allowed to discharge cargo at Saudi ports. A one-page advertisement In the Times, signed by Mr. Fayez Badr, president, Ports Authority, said exceptions might be made If
    Reuter  -  103 words
  • Article
    Lock icon MANILA'S DEFICIT WILL BE LOWER SAYS IMF
    205 11 Reuter MANILA, Mon. The IMF now forecasts the Philippines' balance of payments deficit for both this year and next at US$2OO million (8*490 million), compared with 1U earlier projections of $300 million for 1076 and $377 million in 1977, central bank governor Oregorlo
    Reuter  -  205 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      542 11 APPOINTMENTS Area Sales Manager (Singapore) Samsonite Corporation has an immediate need for an Area Sales Manager to be located in Singapore. The successful candidate should possess a formal business education and 2-5 years selling experience. The candidate must also be bilingual (English/Chinese) ond capable of working independently. Position responsibilities will
      542 words
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      Page 11 Advertisements Column 2
      204 11 COMPUTER COMPANY SEEKS SENIOR SALES CONSULTANT A Computer company in Singapore is seeking a senior, mature, sales consultant to sell, long range, into the Government and Utilities Sectors. He must be a Singaporean with at least seven years experience in selling computers to Senior Government Officers. He must have knowledge
      204 words
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  • Article
    Main points in export scheme
    246 12 KUALA LUMPUR, Mon. Finance Minister Tengku Razaleigh presenting his budget to the Dewan Negara today disclosed the features of the export refinancing facility to be implemented from Jan 1 for stimulating the export of locally made goods. These are: The rediscount rate of Bank Negara
    246 words
  • Article
    Conference at RELC
    109 12 A REGIONAL conference on "Regional Corporation in Advanced Studies in South-east Asia" will be held in Singapore at the Seameo RELC international House on from Monday to Wednesday next week. Organised by the Regional Institute of Higher Education and Development, the conference alms to examine the role
    109 words
  • Article
    NPB refresher courses
    119 12 EIGHT refresher courses for English-speaking and Chi-nese-speaking supervisors who have completed the Training-Within Industry •DACO' and 'RIMS' programme of the supervisory development unit of the National Productivity Board are scheduled for January. Each course will consist of four 3-hour sessions to be conducted at the National Productivity
    119 words
  • Article
    LONDON STOCKS
    809 12 LONDON, Mon. The stock market closed firm after a moderately active session and at 3 p.m., the Financial Times index was up 0.8 at 330.9 after a high of 337.3. The relative strength of sterling and speculative buying ahead of Wednesday's minibudget drove prices higher but stock shortage
    809 words
  • Article
    Lock icon LDP to hold meeting to pick new PM
    153 12 Reuter TOKYO, Moa. The executive of Japan's ruling Liberal Democratic Party (LDP) today decided to held general meeting at LDP Parliamentarians on Dee 23 to select an LDP candidate for the prime ministership, a party spokesman said. Prime Minister Takeo Mild is
    Reuter  -  153 words
  • Article
    SSA – INSA MEET ON CARGO IMBALANCE
    145 12 SSA INSA MEET ON CARGO IMBALANCE OFFICIALS from the Singapore Shipping Association (SSA) will meet the Indonesian National Shipping Association (Insa) here next week, to discuss cargo carriage imbalances between the two countries. Business has dropped for Singapore vessels (carrying cargo to and from Indonesia) since several restrictions were placed
    145 words
  • Article
    Go-ahead for afloat repairs
    108 12 THE Port of Singapore Authority (PSA) has assured local shipyards that they can carry out afloat repairs In either the eastern or western anchorage, despite Its new ruling on anchorage. PSA's new policy, aimed at reducing congestion at the eastern anchorage, stipulates that vessels coming from
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  • Article
    Birthday greeting Incom style
    79 12 INCOM International will mark its first anniversary bv relaying a progressive global "birthday greeting" telegram around its offices on Friday. It was on the same day last year that Incom acquired 11 businesses of Rockwell International's Industrial Components Group. The telegram will originate at Incom's Australian
    79 words
  • Article
    Lock icon Aussie dollar recoups another 1.3pc
    636 12 SECOND JUMP IN A WEEK Reuter CANBERRA, Mon. The Australian dollar, devalued by a record 17.5 per cent two weeks ago, recouped another 1.28 per cent against the US dollar today in the second revaluation within a week. The revaluation, confirmed by a Reserve Bank
    Reuter  -  636 words
  • Article
    Lock icon Govt – union study of the economy
    162 12 Govt union study of the economy Reuter CANBERRA, Mon. The Australian Government and the Australian Council of Trade Unions (Actu) will set up Joint working parties to examine Australia's economic problems, Actu president Bob Hawke told newsmen after a meeting with Prime Minister Malcolm Fraser. Employment and Industrial Relations Minister
    Reuter  -  162 words
  • Article
    Lock icon NZ exporters' relief
    83 12 Reuter WELLINGTON, Mon. New Zealand exporters will be able to deduct the equivalent of three per cent of their total expert sales from their taxable income In fiscal 1976 and 1977 to help offset the effects of the Australian dollar devaluation, the govern- ment said. It said
    Reuter  -  83 words
  • Article
    Lock icon Papua kina devalued
    99 12 Reuter PORT MORESBY, Mon. The Papua New Guinea kina was today devalued marginally against the new rate for the Australian dollar, fixed today with the second upward revaluation in less than a week. Finance Minister Julius Chan said in a statement the new rate would be one
    Reuter  -  99 words
  • Article
    Inchcape (M) takes $25 mil loan
    192 12 INCHCAPE Malaysia (Holdings), a wholly-owned subsidiary of Inchcape Berhad, has taken a Ms2s million five-year consortium loan to restructure its existing borrowings in Malaysia. Pertanian Baring Sanwa Multinational, the company's advisers In the loan negotiations, says Interest on the floating rate loan would be
    192 words
  • Article
    US TAX SPECIALIST FIRM TO EXPAND
    358 12 AFTER operating for about four months, the Singapore branch of JML laternational, a specialist in filing income tax returns for American expatriates operating in this region, is already contemplating an expansion of its staff to cater for a sharp increase in demand for its
    358 words
  • Article
    Othman: Answer social work call
    224 12 SINGAPOREANS have been asked to respond to the challenge of playing a major role In the volunteer social welfare field in the country. The call was made by En.elk Othman Wok, Minister of Social Affairs at the launching ceremony for the Volunteer Social Service (VSS)
    224 words
  • Article
    Warnings on use of 'Star Dragon' trademark
    166 12 TAN Yeow Heng, owner of the "Star Dragon" brand of facial cream, recently issued public warnings against Infringement of Its products through the use of the company's trade mark, following the discovery of such Imitations in the market two months back. When contacted
    166 words
  • Article
    Lock icon Whale quotas
    38 12 AP TOKYO, Mon. Japan and the Soviet Union Have set new sperm whale catch •quotas for the 1876-77 whaling season In the southern hemisphere because South .Africa relinquished Its •quota, the fishery agency said today. AP.
    AP  -  38 words
  • Article, Illustration
    Lock icon LUXURY LINERS SOLD TO IRAN
    171 12 AP UPI GENOA. Moa. The twin luxury passenger linen Michelangelo and Raffaello, once the proud representatives of Italy in transAltantic crossings, have been told to Iran. The sale price for the ships was not made public, but published reports here put the figure at 90
    AP; UPI  -  171 words
  • Article
    Parsons project
    60 12 C.A. PARSONS (a member of the Reyrolle Parsons OrouD) has received a letter of Intent for a £250,000 ($1.03 million) research project from Electric Power Research Institute, California. The project involves the study and determination of parameters for synchronous machine models which will provide Information for Improving the
    60 words
  • Article
    Lock icon Full probe into coup that toppled Thanom
    368 12 UPI AP BANGKOK, Mon. Prime Minister Thanln Kralvichlen said yesterday his Government will launch a thorough probe into the 1973 coup d'etat which overthrew Premier Thanom Kittlkachorn. He told newsmen about the decision on his return from an official visit to Indonesia. He
    UPI; AP  -  368 words
  • Article
    Meeting to mark rubber centenary
    134 12 KUALA LUMPUR, Mon. An international conference to mark the centenary of the Introduction of natural rubber to this region will be held In Sri Lanka from Wednesday to Friday. The conference will be preceded by a two-day meeting of the International Rubber Research and Development
    134 words
  • Article
    Information gathering for Asean committee
    97 12 THE seventh meeting of the Asean Permanent Committee on Communications/ Air Traffic Services/ Meteorology opens today. Senior Minister nf St.Ate for Communications Ong Teng Cheong will officiate at the opening ceremony. This committee was established at the Second Asean Ministerial Meeting in 1968. The three-day
    97 words
  • Article
    Lock icon Soares claims victory
    94 12 Reuter LISBON, Mon. Portuguese Premier Mario Soares claimed victory in local governmer' elections today as early returns showed his Socialist Party topping the poll with 32 per cent of the votes. "It is a clear victory for the Government a pleasant surprise for the Socialist Party," he
    Reuter  -  94 words
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