The Business Times, 10 December 1977

Microfilm: NL9610
Total Pages: 12
1 12 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, DECEMBER 10, 1977 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Not taking chances
      65 1 KUALA LUMPUR, Frl. The government will tighten security measures at all airports In the country, Communication.; Minister Tan Sri V. Manlckavasagam said today. More security personnel will be deployed and sophisticated equipment Installed at all major and smaller airports. Passengers were surprised at Jpoh's airport today by
      65 words
    • Article
      Lock icon Hush hush meeting
      29 1 AFP meeting of Western finance ministers which included United States Treasury Secretary Michael Blumenthal, was JSPS laS Lf aturday Brltlsh Treasury sources said here today. AFP.
      AFP  -  29 words
    • Article
      Lock icon Consumer prices up
      61 1 AFP PARIS, Fri. Consumer prices rose 0.5 per cent in the area covered by the Organisation for Economic Cooperation and Development (OECD) during October. The OECD announced the year-on-year rise was 8.6 per cent, the lowest such figure since February. Continuing moderation in food prices coupled with
      AFP  -  61 words
    • Article
      Lock icon Korean sea zone
      13 1 AP proposed bill to proclafiSTw-kmUS around the Korean peninsula. AP
      AP  -  13 words
    • Article
      Lock icon ADB loans
      41 1 UPI MANILA, Fri. The Asian Development Bank today approved loans to the Philippines, Sri Lanka, Bangladesh and Solomon Islands The largest, a US$29 million (Ss6B million) ,^'J as approved for the Philippines for the fifth Mindanao power project. UPI
      UPI  -  41 words
    • Article
      Lock icon Boomy days again
      66 1 Reuter ?££P Frl The world tourism boom of the 1960s Is returning after a slump in 1974. w The World Tourism Organisation, based. In Madrid, estimated that the number of tourists around the world rose 12 per cent this year to 245 i?o2Lft n w£?? d earnln
      Reuter  -  66 words
    • Article
      Lock icon Top topic
      41 1 UPI £T The us dollar decline against other leading currencies will be the major topic at the regular monthly meeting of Western central bankers on Monday and Tuesday, officials at the Bank for International Settlements (BIS) said today. UPI
      UPI  -  41 words
    • Article
      Lock icon Dow Jones
      52 1 UPI NEW YORK, Frl. Prices were firm during the first hour on the New York Stock Exchange but trading was dull. The Dow Jones industrial average was up 4.07 points to 810.99 shortly before 11 a.m. Advances led declines, 515 to 348, among the 1,361 Issues crossing the
      UPI  -  52 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      194 1 TRADING remained at the previous day's level but price movements were livelier on the Stock Exchange of Singapore yesterday. The finance sector was especially weak with Oversea-Chinese Banking Corporation dipping to a two-year low of $5.90 and United Overseas Bank, similarly at $2.89. usin Times index gained
      194 words
    • Article
      In Kuala Lumpur
      112 1 Rites Most active U M Flour 2.10 .16 Olympla 263.000 Berjuntal 8.00 .15 Q. Ceramics 232,000 221,000 C. Sugars 2.46 .05 Mega Sg Best 5.10 .05 F. Cables 127,000 02 M 95 M S. Trading H. Royal Keck Seng 5.75 1.20 1.92 .05 .04 .04 Total Turnover:
      112 words
  • Article
    All systems go for Concorde
    1219 1  -  JAKARTA 'YES' TO OVERFLIGHT By TERESA LIM THE CONCORDE makes aviation history when last night, it was still almost "If" it flies into Singapore at dawn this morning not only for its historic London/ Singapore flight, but also for being the one aircraft that has
    1,219 words
  • Article
    Japanese GNP gains 5.7 dc
    176 1 TOKYO, Fri. Japan's gross national product (GNP) after price adjustments increased 5.7 per cent in fiscal 1976 against the previous year. Revised government figures said the growth compared with 5.8 per cent projected by the government for this fiscal year. Mr. Kllchl Miyazawa, director of
    176 words
  • Article
    No promises to cut down trade surplus
    931 1 5 TOKYO, Frl. Japan hi t no intention of making public pledge to turn it ,f massive trade surplus into r deficit, Mr. Nobuhlk Ushiba, Japan's ne Minister for Externa Economic Affairs, said 1 a New York Times interview here. Mr. Ushiba, a
    931 words
  • Article
    EEC demands talks with Ushiba too
    178 1 TOKYO, Frl. The European Economic Community has asked Japan to send Minister for External Economic Affairs Nobuhlko Ushiba to Europe for talks within this year, If possible. Foreign Ministry sources said today, the request came through the Japanese embassy In Brussels. It Is generally
    178 words
  • Article
    Japanese supplier takes stake in Jurong Cement
    277 1 A SINGAPORE cement company, one of five operating here, it giving its Japanese raw materials supplier a 10 per cent stake in the company. Mitsubishi Mining and Cement and Nomura Trading of Japan announced in Tokyo yesterday that they had signed an agreement
    277 words
  • Article
    Buy your property now, says valuer Sim
    384 1 HOUSING PRICES are now rock bottom, with no likelihood of a further price drop, although would-be buyers are still adopting a "wait-and-see" attitude, said Mr Michael Sim, president of the Singapore Institute of Vajuers (SIV). last night. Speaking at the SlV's 15th annual
    384 words
  • Article
    Capel advises sale of War Loans
    204 1 JAMES CAPEL, London brokers, recommend that overseas holders should sell British War Loans at current levels and re-lnvest in long-dated British government bonds ex-dividend before switching into Eurosterling Issues or even repurchasing War Loans late next year. The company's recommendations come at a time
    204 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      54 1 GiIbARTO to be the winner in al cases GIIMKIO Ktfrnatosal 222 Plaza Singapura INSIDE Market Reviews/ TV ft Radio P2 Oversea* New* p. Local Co. News P4 International Co. News P5 Local Stocks PS Overseas Stocks P7 Commodities pg Transport ft Com-. muni cations p$ Features pin Local ft Overseas
      54 words
    • Advertisement
      Page 1 Advertisements Column 2
      105 1 SEE BACK PAGE I < n [i 11> •I tgfritf 1 Braun Synchron Plus Braun's Synchron Plus. For the man who must have a closer, smoother, faster shave than any other shaving system can give. The exclusive features of this shaver include: Tissue-thin super-flexible electro-formed nickel foil. Has unique pattern
      105 words
    • Advertisement
      Page 1 Advertisements Column 3
      132 1 AKAI IL* The Autumn issue of the ASEAN Business Quarterly includes ?J: P a i? e «of ASEAN's urea projects and finds these to be less than viable (12 tables) a 15-page analysis of the impending world energy crisis and the likely effects on ASEAN countries including new patterns of
      132 words
Page thumbnail Page 2
  • MARKET REVIEWS
    • Article
      External forces cloud mood of confidence
      887 2  -  LONDON "y GERALD COLVERD THE retreat from optimism In London's financial circles continues in the face of developing clouds of uncertainty not solely related to the course of domestic events. Hope springs eternal that the UK government will enter the New Year with its
      887 words
    • Article
      Lock icon New Treasury tap expected
      215 2 Reuter LONDON. Frl. A new short-dated Treasury tap stock is widely.expected to be Issued shortly, but market opinions differ on timing. The last tap, the 8 1/4 per cent Treasury 1982, was exhausted on Wednesday following strong demand as a result of the latest UK banking
      Reuter  -  215 words
    • Article
      Lock icon SYDNEY
      330 2 Reuter THE BYDNEY share market took a surprise turn mid-week with some of the market leaders losing ground to second-ranking stocks. Despite the turn around, BHP ended the week up 26 cents at A 55.60 having reached $5.70 on Wednesday. CSR, with problems growing over Malaysia's rejection of the
      Reuter  -  330 words
    • Article
      Lock icon Public probe into Crown Agents
      214 2 AP LONDON. Fri. Prime Minister James Callaghan yesterday bowed to the will of Parliament and announced that an Inquiry will be held In public to apportion blame for a government agency's huge Toss of public funds in stock market gambles. The government at first announced
      AP  -  214 words
    • Article
      NSTP rights
      66 2 KUALA LUMPUR. Frl. The New Straits Times Press Sendlrlan Berhad (NSTP) today announced a one-for-three bonus issue and a similar rights issue. The rights issue will be one ordinary share at MSI each for every three ordinary shares held at M 51.50 a share payable in full upon
      66 words
    • Article
      Hoped for Dec rally never crystallised
      443 2 KUALA LUMPUR IT WAS a generally trendless week at the Kuala Lumpur stock market and share prices fluctuated randomly amid lacklustre conditions to close on an easier bias in diminished trading activity. Last Friday's routing rally and a steadier tone proved a flash in
      443 words
    • Article
      Lock icon Money supply up in end-November
      134 2 Reuter NEW YORK, Fri. Narrowly-defined money supply M-l rose US$l.B billion (554.2 billion) In the week ended Nov 30 to a seasonally adjusted $333.2 billion from a downward revised *331.4 billion a week earlier. New York Federal Reserve Bank said for the four weeks ended
      Reuter  -  134 words
    • Article
      Lock icon Change in structure of Irish loan
      111 2 Reuter LONDON, Frl. The Republic of Ireland has restructured a US$3OO million (SS7OS million) seven-year Euroloan signed with a group of banks In November 1976 but never drawn. Euromarket bankers said the loan will now have an eight-year life and carry a spread over
      Reuter  -  111 words
    • Article
      Lock icon NO MORE STERLING EURO ISSUES FOR THE MOMENT
      820 2 FT LONDON, Frl. A thorough assessment of the prospects for the further use of sterling in the Eurobond market will not be possible until the secondary market has settled down. The speed with which issues have been made six worth £120 million
      FT  -  820 words
    • Article
      Company News for the week ended Dec 9
      308 2 SCRIP ISSUE Central Securities: scrip Issue of one-for-flve capitalising MS3.M million. OTHERS The Stock Exchangi of Singapore announced that as from Monday Dec 10, big board trading will be done for lots of 2,000 shares Instead of 5,000 shares. Magnum Corporation has
      308 words
    • Article
      LACK OF BUYING SUPPORT BLAMED
      753 2 SINGAPORE BY AND LARGE the Stock Exchange of Singapore saw easier conditions In much reduced trading this week. Such a trend, however, was quite unexpected as many market observers had hoped to see a rally this month as it had traditionally happened. According to a
      753 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      167 2 COLLKTINQ Oriental Anticmej l 3 s 111 I i V y\V AIW QwtflW--9 m by Judith Moorhouse and Dries Blitz Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It is, however, widely believed that they are too
      167 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      43 2 I! r* 2 GOOD RFTfcfcNccN GGNTueneM N. U#\t_T£RS, PtT StPVice ...wPTHtS JS rns GCDfttLy jMeaei STRP^ee roPo<^e L JQ*S... T^-^ OUT c? SA- OP •5 CXRCTLY TVC. S.-,rr.2_ CP OUR OFF! N. U3P4.TC.RS V SON*S "WKT RWGS fK Ben NUJ«ci£jßS —we SGtrt><OU Kfbtc
      43 words
    • Miscellaneous
      Page 2 Miscellaneous Column 2
      349 2 THE WEATHER WEATHER report for 24 hour* prior to 7.30 pm on Dec 9 at Singapore airport. Maximum Temperature 31.3° C Associated Humidity 65 Minimum Temperature 23.1° C Associated Humidity 96 Hours of Sunshine 6.55 Rainfall in Millimetres 5.1 Total Rainfall for tlie Month 26.8 Total Rainy Days for the
      349 words
Page thumbnail Page 3
  • OVERSEAS
    • Article
      Lock icon Bleak days ahead for EEC steel industry
      343 3 Reuter BRUSSELS, Frl. The EEC Commission yesterday made a bleak forecast for Common Market steel production, already operating below 60 per cent capacity. In a preliminary review of production for the first quarter of 1978, the Commission estimated Community steel production at «0
      Reuter  -  343 words
    • Article
      Lock icon Only poorest losing ability to raise capital needs
      376 3 Reuter PARIS, Frl. The debt of non-oil developing countries, estimated at US$l7O billion (SS4OI billion) at end-1976, Is not alarming for middle-income countries. Chairman df the Organisation for Economic Cooperation and Development's (OECD) aid committee Maurice Williams said it was the very
      Reuter  -  376 words
    • Article
      Lock icon Successful IMF gold bidders
      150 3 Reuter WASHINGTON, Frl. The International Monetary Fund announced the names of the 19 successful bidders at its monthly gold auction. Tttey included Acll International Inc of New York, J. Aron and Co Inc of New York, Bank Julius Baer and Co AO of Zurich, Bank Leu
      Reuter  -  150 words
    • Article
      Need for package to create jobs
      165 3 LOS ANGELES, Frl. Labour leader George Meany said yesterday that President Carter's commitment to full employment will be meaningless unless he devises an economic stimulus package to create 75,000 Jobs a week for the next four years. Mr. Meany, 83, president of the American
      165 words
    • Article
      Lock icon Bonn won't draw a fixed line of defence for $
      647 3 Bonn won't draw a fixed line of defence for Reuter BONN, Frl. Bundesbank president Otmar Emminger said West Germany aimed to even out the dollar's erratic movements and control Its exaggerated fall without setting up a fixed line of defence. He said only a middle course between Intervention and "elastic
      Reuter  -  647 words
    • Article
      Lock icon OECD is likely to extend interest rate accord
      247 3 Reuter PARIS, Frl. Leading noncommunlst industrial countries yesterday discussed ways to strengthen their 18-month old agreement on minimum interest rates and maximum repayment periods for export credits. The 20 governments, all of them members of the Organisation for Economic Cooperation and Development
      Reuter  -  247 words
    • Article
      Lock icon us URGED TO CONSIDER OFFSHORE $ ISSUE
      173 3 us URGED TO CONSIDER OFFSHORE ISSUE Reuter NEW YORK, Frl. The US Treasury should consider making an offshore dollar debt issue of about US$3 billion (Ss7.l billion), former Treasury UnderSecretary for monetary affairs Edwin Yeo said. Mr. Yeo, chairman of the assets and liabilities management committee of First National Bank
      Reuter  -  173 words
    • Article
      Lock icon Forecast of lower export growth for Britain
      226 3 Reuter j LONDON, Fri. Britain's export volume growth is expected to slow to about 2 to 3 per cent, seasonally adjusted, in the first half of 1978 compared with the second half of 1977. The forecast is baaed on a Trade Department's survey
      Reuter  -  226 words
    • Article
      Lock icon Impending US taxes might fuel inflation
      633 3 NYT WASHINGTON, Frt. US wholesale price index rose by less than one per cent last month, suggesting a further, if temporary, abatement of Inflation. The situation could change dramatically next year, however, economists warned, because of higher impending taxes on energy and social security
      NYT  -  633 words
    • Article
      Lock icon Another three sign
      90 3 Reuter UNITED NATIONS, Frl. Guatemala, Madagascar and Mauritius have signed the 1977 International Sugar Agreement, the UN Legal Office reported yesterday. The agreement, which is open for signature at UN headquarters until the end of this year, has so far also been signed by Panama and the
      Reuter  -  90 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      273 3 Which bank works for you around the clock, and around the world? We do. Bank ot America. Today, when world-wide money markets and exchange rates change rapidly, the ability to make on-the-spot decisions quickly is more vital than ever, that's why our internationally known man-on-the-spot service never takes time out
      273 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      167 3 CROSSWORDS Friday's Easy Solution ACROSS. i Asks. 4, Deeper. 8, Cub. 10, Area. 13, Rendered. 14, Selling. 15 Pampas. 17, Endeavour. 21. 'Mm. m, rcfc. 6U, Pleasures. 27, Rescue. 28, Noticed. 32, Accustom. 34 Late. 35, Den. 36, Settee. 37, Glad. DOWN. l, Alas. 2, Keel. 3, Burn. 5, Endear.
      167 words
Page thumbnail Page 4
  • COMPANY NEWS
    • Article
      Conditions to be rough for UIC
      1076 4 CONDITIONS will not be easy for detergents to property group, United Industrial Corporation In the current year ending July 31, 1978. However, the company has survived some pretty hard times In the past and shareholders can be confident that earnings will hold up well.
      1,076 words
    • Article
      LATEST RESULTS
      123 4 Bukit Serabawang Estates Group pre-tax profit $3.55 million ($3.16 t million) for the first half year ended Sept 30, 1977. Profits include $2.54 million ($1.91 million) from compensation arising from compulsory acquisition of land. Mega Chemicals Unaudited group pre-tax profit M 5103,520 (loss 1171,940) for the first half
      123 words
    • Article
      Lock icon Sime Darby will Indianise
      116 4 AFP NEW DELHI: Sime Darby Holdings, the largest firm operating in South-east Asia, intends to maintain its existing investments in India, its chairman, Tun Tan Siew Sin. says. Darby Holdings has investments in Shaw Wallace and Co and the Assam Frontier Tea Co. Tun Tan, who
      AFP  -  116 words
    • Article
      Magnum fails to deliver the answers
      609 4 IN response to a reauest bv the Kuala Lumpur Stock Exchange Magnum Corporation has supplied what are presumably the latest accounts of Malaysian Titanium Corporation and Malay-Slno Chemical Industries in which It has substantial Investments. These are the companies about which a group of
      609 words
    • Article
      COMPANY MEETINGS
      85 4 THE following company meetings are due: United Holding! Bhd: Dec 15 at its registered office, 4th floor, Wong Shee Fun Building, Jalan Ah Fook, Johore Bahru, Johore, Malaysia at 11 a.m. Singapore Land Ltd.: Dec 17 at 19th floor, Clifford Centre, Raffles Place, Singapore 1 at 12 noon.
      85 words
    • Article
      PEOPLE IN BUSINESS
      20 4 Dr Ulrich Cartellieri has been appointed spokesman of the board of managing directors of European Asian Bank.
      20 words
    • Article
      California oil gets government aid
      478 4 WASHINGTON: The Department of Energy has decided to aid California oil Eroducers, who say they ave been crippled by federal pricing regulations and by the flood of oil from the North Slope of Alaska, according to department officials. Under an emergency action signed on Thursday
      478 words
    • Article
      DIVIDENDS ANNOUNCED
      373 4 Current Ex Date Total for Total for payment Date payable the year previous yaai Rah Hyd 20% Nov 22 Dec 10 30% 20.8% PMC 7.5% Nov 23 Dec 13 7.5% 17.5% Riverview 9% Nov 18 Dec 14 9% 20% Tasek Cement 7%%U) Oct 28 Dec 17 12.5% Mineral
      373 words
    • Article
      Hashihama unable to honour bills
      149 4 TOKYO: Stock trading was suspended for Japan'* medium-scale shipbuilder Hashihama Shipbuilding Co. yesterday because it was found unable to honour bills due next Monday. Hashihama's stock is listed in the second (minor) section of both Tokyo and Osaka stock exchanges. The shipbuilder, based in Imabari
      149 words
    • Article
      CHICAGO BOARD OPTIONS
      1445 4 December 8 CHICAGO Board Options Exchange volume fell to 83,612 contracts from 104,672 on Wednesday. Advances led declines 274 to 174. OPTION JAN APL JLY STOCK Alcoa 40 31/8 4 3/8 UNTRD 42 Alcoa 45 5/6 17/8 23/4 42 Alcoa SO 1/6 9/18 NOL 42 Alcoa 60
      1,445 words
    • Article
      British press sides with Hitachi
      258 4 LONDON: The news that the Japanese electronic company, Hitachi, has shelved its plans to build a £5 million television factory In north-east England received prominent treatment In the national press on Thursday, with strong comments given both for and against the project. The Influential city
      258 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      501 4 THE DEBT t|j£ TRAP A^k HOW TO SURVIVE I THE SLUMP Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. This book is about the efforts of poor nations to J gain some control
      501 words
Page thumbnail Page 5
  • Article
    Lock icon Greyhound pulls out of South Korea
    164 5 NORTH AMERICAN COMPANIES AP GREYHOUND Lines, a major US bus operator, has decided to pull out of South Korea by selling its 90 per cent Interest In Korea Greyhound. Business sources said Greyhound and several Korean business concerns established the 90-90 joint venture, capitalised
    AP  -  164 words
  • Article
    Lock icon New rulings on disclosure mooted
    81 5 Reuter SECURITIES and Exchange Commission said It is proposing new disclosure rules for companies buying their own securities through a tender offer. New disclosure requirements, similar to those for a company seeking to acquire another firm through a tender offer, include prior purchases of the
    Reuter  -  81 words
  • Article
    Lock icon Harris
    50 5 Reuter THE US Labour Department said It has filed a complaint against Harris Trust and Savings Bank of J2hlcago over alleged employment discrimination against minorities and women. Labour Secretary Ray Marshall said the bank could owe several million dollars In back pay because j of the alleged dlscrlmlnatlon. Reuter.
    Reuter  -  50 words
  • Article
    IHS to merge with Technical Indexes
    299 5 INFORMATION Handling Services, reportedly the world's largest commercial distributor of technical Information, has announced Its merger with Technical Indexes of the UK. Both companies publish technical information on microforms. This merger, which combines the entire resources of both firms, significantly expands the ability of
    299 words
  • Article
    Lock icon Gulf accused of ruse to hide its tracks
    242 5 AP GULF Oil Corp was accused of wanting the Canadian Government to force it Into a price-fixing uranium cartel as a defence against possible anti-trust charges. The charge was made by Representative Albert Gore Jr. at a hearing Into Gulf's participation In
    AP  -  242 words
  • Article
    Lock icon US Steel Corp expects a loss
    206 5 Reuter US Steel Corp expects it will lose money from steel operations In the fourth quarter of 1977. Group vice president Michael Curto said the fourth quarter steel loss will, in large part, be the result of including iron ore and coal operations In
    Reuter  -  206 words
  • Article
    Lock icon Metall group earnings rise slightly
    265 5 EUROPEAN COMPANIES Reuter METALLGESELLSCHAFT said Its 1976/77 provisional domestic group earnings rose slightly over the {>revlous year when consoldated group net profit was 18.29 million marks. This Improvement Is Influenced by a lower legal requirement on pension provisions, it added. Finance director Jakobus Qreven said
    Reuter  -  265 words
  • Article
    Hanson shows effects of squeeze
    128 5 REFLECTING a squeeze on margins, Hanson Trust was only able to raise pre-tax profit by 27.1 per cent In the year ended Sept 30, 1977, despite a sales jump of 48.2 per cent. Pre-tax profit rose to £24.4 million from £19.2 million on sales of
    128 words
  • Article
    Gus first half at £53m
    89 5 ON SALES up from £903.27 million to £566.08 million, Oreat Universal Stores has been able to raise pre-tax profit to £53.03 million from £46.08 million in the first half-year ended Sept 30, 1977. Consequently earnings per share rose to 10.28p from 8.99p and the company
    89 words
  • Article
    Lock icon Philips
    23 5 Reuter Glolelampen Fa brie ken said it will pay an 1977 interim jJlnl? 0 flo P ullder > per 10-guilder nominal share. Reuter.
    Reuter  -  23 words
  • Article
    Lock icon LIP-made watches on the block
    93 5 AFP AUCTION of 40,000 watches made by foreign subsidiaries of the bankrupt French LIP company, now known as the Compagnle Europeenne d'Horlogerle, has begun. After three hours, all the timepieces had still not been sold. Workers from the former LIP factory at Palente, near Besancon,
    AFP  -  93 words
  • Article
    Lock icon Iberica loan increased
    67 5 Reuter THE six year Eurocredlt being raised for the Spanish engineering firm Motor Iberica has been raised to $40 million from 935 million, Bank of America said as lead manager. The loan, which carries a spread of 1 3/8 per cent over London Interbank offered rates, will
    Reuter  -  67 words
  • Article
    Barclays well ahead
    56 5 PRE-TAX profit at Barclays Bank International Jumped to £113.3 million from £84.6 million in the year ended Sept 30, 1977. Tax took £51 million (£42.2 million), leaving £62 3 million (£42.4 million). Profit attributable to outside shareholders of subsidiaries was £11.9 million (£11.2 million). Net profit retained
    56 words
  • Article
    Phoenix Assurance
    49 5 ESTIMATED pre-tax profit at Phoenix Assurance ro»e to £27.5 million from £16.2 million in the first nine months ended Sept 30, 1977. Net premiums written rose to £253.7 million from £242.4 million previously. Earnings per share came to 26.2p compared with 13.2p on a weighted average basis.
    49 words
  • Article
    Lock icon Investigation involves 9m Fords
    99 5 Reuter THE Transportation Department said the safety investigations reported earlier by Ford Motor Co Involve about nine million full and Intermediate sized 1968-74 Ford cars. Also Included are about 26,000 Peugeot cars built between 1972 and 1975. The departments's National Highway Traffic Safety Administration said the
    Reuter  -  99 words
  • Article
    Lock icon Hambro sells stake in AAC
    157 5 ASIAN COMPANIES Reuter AUSTRALIAN Asiatic Corp (AAC) and the Hambro group said Hambro Australia and other members of the Hambro group sold their 55.6 per cent shareholdings in AAC at 30 Australian cents per share. Union Corp (Australia), which owned 10 per cent of AAC's
    Reuter  -  157 words
  • Article
    Lock icon Colquhoun chairs AAP
    115 5 Reuter DEBMOND Colquhoun, editor-in-chief of The Adelaide Advertiser, has beeen elected chairman of the Australian Associated Press, Australia's leading news agency. The AAP board announced the appointment after its annual meeting In Sydney. Colquhoun succeeds Angus McLachlan, a member of the board of John Fairfax and Sons,
    Reuter  -  115 words
  • Article
    Nissan
    18 5 NISSAN Motor Co said it is studying the possibility of having Its shares listed In New York.
    18 words
  • Article
    Lock icon Vereinsbank improves
    128 5 Reuter OPERATING profits of Bayerlsche Vereinsbank rose by 15 per cent In the first 10 months of this year. Management board chairman Max Hackl said shareholders could expect a clearly higher dividend, taking into account the tax credit they will receive under the new corporation tax law. The
    Reuter  -  128 words
  • Article
    Pilkington Bros inches forward
    105 5 ON SALES up from £191.4 million to £221.7 million, Pilkington Brothers was only able to raise pre-tax profit of £29.8 million from £27.8 million In the first six months ended Oct 1, 1977. Net earnings per share rose to 23.2p from 20.8p before extraordinary items. Tax
    105 words
  • Article
    Lock icon Lufthansa bookings better
    120 5 Reutar DEUTSCHE Lufthansa passenger bookings have recovered but are still down on last year as a result of urban guerilla threats last month to blow up three of Its aircraft in flight, a company spokesman said. The fall in booking towards the end of November compared with
    Reutar  -  120 words
  • Article
    Standard Chartered pre-tax higher
    88 5 STANDARD Chartered Bank has raised pre-tax profit by 31 per cent to £62.47 million from £47.67 million in the first half-year ended Sept 30, 1977. Earnings per share rose to 38.5p from 31.4p and the bank has raised the Interim dividend to 7.75p from 7p previously.
    88 words
  • Article
    Calsse
    23 5 THE US$5O million'floating rate note for Caiise Nationals de Credit Agrlcole has been priced at par, BO Warburg said as lead manager.
    23 words
  • Article
    Lock icon Pancontinental project will bring in A$240m
    583 5 Reuter PANOONTINENTAL Mining said the Jablluka uranium project in Northern Territory could generate AS24O million a year In export revenue by end-1981, rising to $720 million a year by the mld1980's due to expanded capacity. A draft environmental Impact statement on the project was
    Reuter  -  583 words
  • Article
    Amaxzuid plant
    103 5 AMAXZUID, the Mt. Newman Joint venture In Perth, will build an AIII3 million heavy media separation plant at its Iron ore project in Western Australia. The plant will have capacity to produce about five million long tons of high-grade lump and fine ore a year from seven million
    103 words
  • Article
    Lock icon Boso Oil
    55 5 Reuter BOSO Oil and Fat Co said It has contracted with Elco Shlpslde Elevator of the US to Import rice bran on a long-term basis from next month for rice-bran oil production. Japan at present produces about 100,000 tonnes of crude rice-bran oil a year from 550,000 tonnes
    Reuter  -  55 words
  • Article
    Lock icon Institute sees fall in profits of Japanese firms
    180 5 Reuter NOMURA Research Institute predicts after-tax profit of 402 Japanese companies will show an average decline of 2.9 per cent in the six months to next March 31 and another fall of 10.7 per cent in the following six months. This is
    Reuter  -  180 words
  • Article
    Lock icon ASAHI SIGNS PACT WITH TECHMACH
    89 5 Reuter ABAHI Chemical Industry Co said it signed a US$3B million contract with V/O Techmach Import of the Soviet Union to export three benzene manufacturing plants each capable of producing 120,000 tonnes a year. Two of the plants will be built In the provinces of
    Reuter  -  89 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      362 5 T7 FROM FEDERAL PUBLICATIONS I v' \i FA IJ V \v 1 I I V N 3-; !S. m 1 S K V .;=sv: -v a step~by~step guide An easy to understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could
      362 words
Page thumbnail Page 6
  • Article
    Share Information Service
    2320 6 1*77 High Low Csapujr Lut Sale +erGr's dir Dhr e'rr Gr's y'U Net P/E Vol Day High Low SECTION ONE INDUSTRIALS 154 204 116 240 88* 205 109 259 422 140 134 165 58 212 57* 156 152 182 360 91 Acma Alcorn Allied Choc Bate Ben
    2,320 words
  • Article
    Transactions in Singapore
    1232 6 BID and «mr price. oAeteUr 1 ~|t r| p |rl|| to the Stock Bxetoai* «Tfc>T yesterday with the ami bar of •haras traded ikm to trxfcm to tote of I,M unite —I— otherwise specified. All Time Settlement Contracts are quoted alter the ward "Sett." Big Bawd deals
    1,232 words
  • Article
    Stock options
    62 6 STRIKING pricea of tbt ■tock optiona officially liated on the Stock Exchange of Singapore, the perioda, bid and offer pricea and buaineaa done yeaterday, with the number of optiona traded ahown in bracketa. C and C (March $2.30) (0.278). DBS (Dec 13.60) (0.206). Inchcape (March (2.10) (0.248). UOL
    62 words
  • Article
    Unit trusts
    152 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Muitn' prica far Dm IS) (Currant p rioM) The Commerce 1.77 i.aa INCOME BOND 100 1.15 The Saving Fund 1.06 1.12 MARA BUMIPUTRA FUND S pore Prog Fund 0 84 O N t Manager*' priow i far Dm 12) S pore Security
    152 words
  • Article
    CORPORATE BONDS
    147 6 B O T 8 1/2% IMI (100,0 M) (100 SB 101SS) B O T 7 8/8* 1984 (IM.OM) (978 97V.3) B O T Floating 19M (100,000) (MSB 99*8) LTCBJI962 (100,000)(MSB 99*8) Credit Lyoaaala Floating 1163 (100,000) (9758 98*8) DBS Converts 1/2% 1981 (100,000) (MSB 978) DBSI 1/2% 1962
    147 words
  • Article
    GOVERNMENT BONDS
    120 6 Rep Span D Muk 7% IM2 (100,000) (102*B 103H8) Rep Spore 1/2% 1983 (100,000) (1028 103S) Rep Spore 7 3/4* 1987 <100.000) (WHB 10(>WS) Hokuehla Electric Comrti 6 VB% 1992 (100,000) (07HB 98SS) 4 S/4% l/S/79 (250,000) (100.488 100.545) 1/4* IS/10/79 250,000) (100.MB 101.106) 5 3/4* 1/1/78-80 (250,000)
    120 words
  • Article
    In Kuala Lumpur
    1328 6 BID and offer price* officially JUtcd and buijieu In and reported to the Kuala Lumpur Stock Exchange yeeterday with the number of ahare* traded ahown in bracket* 1n lots of 1,000 unit* unless otherwise specified. INDUSTRIALS Ajin«mat« (2.108 2 208). Aiaam (IMB 1.708) (3) 1.70. A. Choc
    1,328 words
  • Page 6 Advertisements
Page thumbnail Page 7
  • Article, Illustration
    WEAK ON WHOLE
    578 7 TRADING picked up slightly amid mixed conditions at < the Stock Exchange of Singapore yesterday. > On the whole, however, the market was still weak with the losses sustained so far in many of the counters yet to be fully restored. Dealers reported that short-covering account helped
    578 words
  • Article
    KL TRADING MODERATE
    378 7 SHARE prices closed mixed in moderate trading activity at the Kuala Lumpux stock market yesterday. Trading continued to be selective, while mostly directed to the speculative second and third liners. Sentiment here was generally weak as profit taking and some stale bull liquidation eroded prices further. Some
    378 words
  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      358 7 HONOKONO: The market closed narrowly mixed In slow trading yesterday, dealers said. The Hang Seng Index fell 0.02 point to 419.15. Jardine Matheaon closed unchanged at HK112.&0 despite Thursday's news Its subsidiary Jardine Davie* will not declare a fourth quarter dividend and trading profits for the year will be
      358 words
    • Article
      Tokyo
      459 7 TOKYO: Share prices closed lower yesterday led by export orientated issues, with Investors cautious over the effects of the yen's appreciation, dealers said. The Dow Jones average fell 9.97 to close at 4.833.36 with volume of 220 million shares. The New index closed at 359.73. down 0.86. Electricals. vehicles
      459 words
    • Article
      Sydney
      420 7 SYDNEY: The market closed firm yesterday with leading shares recovering lost ground and second liners extending gains, dealers said. The Sydney All-ordinaries Index rose 1.09 point to 452.64. BHP. ANZ, and CSR all rose from morning lows to close two to three cents lower, while banks were mixed with
      420 words
    • Article
      Manila
      145 7 MANILA: The market closed slightly easier yesterday after four days of continuous gains, dealers said. Industrials however maintained some upward momentum while minings and oils lost ground. AUm and Philex both shed three points. Meralco lost eight and Tranuiia two. San Muguel advanced two while EEI gained one. Turnover
      145 words
    • Article
      Bangkok
      127 7 DEC It Bahts Asia Fibre 2M 425 Bangkok Bank 383 ♦4 Bangkok Invest. 338 Bangkok-Metro-3550 +40 politan Bank Bata 735 +25 Berll Jucker 542 ♦4 Charoong Thai 298 ♦I Wire Dumex DusltThant Faber Merlin First Trust 318 19 Genera Finance 350 1 Indo-Thai Industrial Finance Corp 2105 +40 J
      127 words
    • Article
      Amsterdam
      313 7 AMSTERDAM: The market was mixed In quiet trading on Thursday, dealers said. Dutch internationals fell, led by Royal Dutch which closed 0.70 guilders lower. Philips was also 0.10 guilder down ahead of Its Interim dividend announcement due later. Unilever was the sole gainer, firming 0.10. Elsewhere, banks and Insurances
      313 words
    • Article
      Brussels
      138 7 BRUSSELS: Share prices closed mixed In qalet trading on Thursday, bourse sources said. Hoboken, Cock*rill, Socfln and Cometrm rose but Sidro, Cla bee, CBR and Tabacofina fell. In foreign stocks. UK were little changed. Germans lower, Dutch and US mixed and French stocks higher. Gold mines. Petrofina and Its
      138 words
    • Article
      Frankfurt
      332 7 FRANKFURT: Shares were mixed on Thursday, with an easier tendency developing during the session, dealers said Major chemicals lost up to 0.90 marks but in autos. Daimler and BMW rose 1.30. Major banks were up to 0.90 marks higher, led by Deutsche, while in stores, Karsudt rose one mark.
      332 words
    • Article
      Milan
      14 7 The stock market was closed on Thursday as It was a public holiday.
      14 words
    • Article
      Paris
      343 7 PARIS: Shares advanced chiefly due to the bourse union's decision to resume normal quotations on Thursday morning and also following the fall In call money, bourse sources said. Engineerings alone fell against the firmer trend while stores were mixed and steeds little changed. International oils. US and German stocks
      343 words
    • Article
      Zurich
      317 7 ZURICH: The marked firmed slightly on Thursday In light trading on buying at the lower levels, dealers said. Swiauir registered rose in transports Banks were also higher apart from an easier Volksbank, while small gplns predominated in financlals with Landis and GYR actively higher on its earning report. Insurances
      317 words
    • Article
      Jo'burg
      411 7 JOHANNESBURG: Gold shares were generally firmer on Thursday In sporadic trading on both local and overseas demand following higher bullion Indications. dealers said. Gains In smaller and medium-priced shares ranged from five to 25 cents while heavyweights rose up to 175 cents Financial minings were mostly harder In line
      411 words
    • Article
      Toronto
      379 7 TORONTO: Share prices closed higher on Thursday as real estate. oil and financial services issues led a broad rally. The real estate index, up 26 points, saw its largest dally increase since April 19 while the Composite index was up nearly six points. Advances outpaced declines 236 to 212.
      379 words
    • Article
      New York
      1189 7 NEW YORK: Reversing a string of losses, stocks ended narrowly on Thursday on the upside after backing off from early gains that came mostly from a favourable report on wholesale prices, analysts said. The Labour Department reported wholesale prices rose at a less-than-expected clip of 0.7 per cent
      1,189 words
    • Article
      Indices
      64 7 FINANCIAL TIMES INDUSTRIALS Thursday 485.2 Wednesday 485.3 Week Ago 479.8 DOW JONES AVERAGE INDUSTRIALS Thursday 806 91 Wednesday 807.43 Week Ago 825.71 LONDON DOLLAR PREMIUM Thursday 95 to 95 Wednesday 95 to 95S H.K. HANG SENG Thursday 419.17 Wednesday 421.09 Week Ago 420.57 SYDNEY INDUSTRIALS Thursday 392.38 Wednesday 391.63
      64 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      209 7 hing about KLM's Class is absolutely first class and more. Its special ►el stands for a lot of privileges. ge allowance is 50% higher. Your luggage off the plane for a fast getaway. You are entitled to I check-in facilities at airports. And exclusive >us lounges to relax in. r
      209 words
Page thumbnail Page 8
  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      336 8 ON THE Singapore rubber market yesterday, opening quotations were marked up one cent following steadier London advices and continued Russian offtake there, dealers said. Volume was small. The morning session closed quiet with January Int One RSS quoted at 203.00 cents per kilo, unchanged from
      336 words
    • Article
      Closing prices
      27 8 RUMMT: DK Singapore January 203.25 casta (up O.W cant) Malayala: January 203.25 eanta (unchanged) Tin.. 11,778 (up SI) Official offering: 22* tonnaa (up 26 tonnaa)
      27 words
    • Article
      RAS PRICES
      333 8 Prices In cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R S 8 prompt f o b Int. 1 R S 9. Jan 1978 Int. 1 R S S Fed 1978 Int 2R S S. UK/Cont Int 3R.S.8. UK/Cont. Int 4R 8 8 UK/Cont.
      333 words
    • Article
      SSR AND SMR
      107 8 NOON SSR and SMR price* yesterday January Mwuary HAS (Current MUD (Forward Mth) Buyer* bllm Buya n Seller* (cent* per kf) (cent* per k«) SSR 20 (1-ton pallet) 195 50 197 SON 196 50 196.SON SSR SO <1-ton pallet) 193.SO 195.SON 194.50 196.SON MRELB SMR SCV (1-ton
      107 words
    • Article
      Hongkong comex
      367 8 HONOKONG, Frl. Sugar futures closed firmer with rains ranging from 0.08 to 0.15 US cent In fairly quiet trading, dealers said. Prices fluctuated in a narrow range on brokerage and commission house short-covering and new buying, they said. Turnover rose to 29 lots from yesterday's 16. Open positions
      367 words
    • Article
      Produce prices
      480 8 trading took place \*l ml *®d price conditions at H 1 J Singapore Produce y Mt r <*«y There ov r »«as interest in all the commodities except for copra and coconut »teady flow of demand ror these two products boosted their prices by $2.50 P® r plcul.
      480 words
    • Article
      Coffee
      243 8 LONDON, Frl. —Terminal coffee opened about steady £17 up to £2 per tonne down from yesterday's close. Turnover was 368 lots. Physical coffee trading picked up and, although the amounts involved were only small parcels, It did represent Increasing trader and roaster buying activity, dealers said. Among Robusta's traded
      243 words
    • Article
      Rice
      109 8 HONOKONO, Frl. The market was quiet with prices unchanged, dealers said. Turnover totalled 338 tons comprising Thais 97, Kwangtungs 145 and Australias 97 tons. The only arrival was 420 tons of Kwangtungs. (Prices HK dollars per plcul exgodown) Thai White: 100 pet old crop Ist class 108 00 nom.
      109 words
    • Article
      Palm oil
      69 8 C.l.F. Rotterdam. US dollar* per ton. LONDON Malaysia 5% ffa bulk Feb Sumatra 5H f fa Dec Jan Feb March April Nigerian 5% ffa bulk Sumatra Dec Zaire (Belg francs per kilo) Tkunday 502 Ilr 943 ilr 919 air 910 pd 909 air 467.90/490 pd unq 990 air
      69 words
    • Article
      Straits tin
      192 8 THE BTRAITB tin price in Penang yesterday rose Mtl to 11,778 on an official offering up 25 tonnes to 226 tonnes. Despite easier London conditions, the market was marked fractionally higher on light buying support from all sources, dealers said. In LONDON, yesterday, tin advanced £180 for cash
      192 words
    • Article
      Sugar
      183 8 LONDON, Frl. Terminal sugar opened £0.30 to £0.75 per tonne above yesterday afternoon closing levels. Sales totalled 889 lota. Ibices held steady around last night's closing kerb levels with fresh buying being met by profit-taking after this week's rise. The London dally raws price was unchanged at £110, while
      183 words
    • Article
      Cocoa
      190 8 LONDON, Frl. Terminal cocoa opened little changed In thin dealings. Traders said the market lacked fresh Incentive. They reported isolated hedging against origin sales yesterday by Nigeria and the Ivory Coast, but Ohatnas' reserved attitude helped maintain a steady undertone, they said. Ohana was reported by dealers to have
      190 words
    • Article
      Soybean
      146 8 CHICAGO, Frl. Soybean futures yesterday posted gains of 12-1/4 to nine cents a bushel, closing Just below highs reached late In the session. Early speculative buying, prompted by light farmerselling and firmness in cash bids and the snow and cold weather over the Central US, was bolstered by commercial
      146 words
    • Article
      Wheat
      84 8 CHICAGO, Frl. Wheat futures yesterday lost early gains of several cents a bushel to finish the session with a gain of 1-1/2 cent in the December and unchanged to 1/2 cent lower in other Months. The market showed a firm undertone on expectations of export business and firm cash
      84 words
    • Article
      Rubber continues downward trend
      304 8 THE DOWNWARD trend for the past two month* was extended during the week ended Dec 9, as prices dropC 1 a further four cents to t the $2.00 level before recovering slightly, said Holiday, Cutkr, Bath A Co. The currency situation again predominated as renewed pressure
      304 words
    • Article
      Copper
      322 8 'LONDON, Frl. Copper wire bar» finished the mornC?#<P th round galn of Dealers said prices rose on the pre-market under moderate covering prompted by a Reuter report that the President of Sumitomo Electric Industries had suggested Japan should buy almost naif the tonnage held In LME warehouses. Pricing sales
      322 words
    • Article
      Silver
      187 8 LONDON, Frl. Silver fell 1.9 to 2.1 pence per troy ounce. Dealers said sentiment by theovernight fall in New York and the decline in gold this morning. Selling pressure, however, was light and the market held steady at the lower levels. Carries boosted turnover to 47 lots. .On Thursday,
      187 words
    • Article
      Gold
      262 8 THE KILOBAR in Singapore yesterday opened at 5912.253 and closed at 8912,235 with a fluctuation Of 5535.00. In LONDON, the metal opened at U*****.25/45 and closed at U*****.20/40. The London morning fix was U*****.80, down $2.10 on the previous fix. Source: Siagmas. Retail prices per tael quoted by the
      262 words
    • Article
      Zinc
      96 8 LONDON, Frl. zinc finished with gains of £0.75 for cash and £1.50 for Three Months. The market was very steady on modest covering prompted by the genera" trend in base metals. Sales of 2,575 tonnes were boosted by carries. Stocks are expected to show a small decline. On Thursday,
      96 words
    • Article
      Lead
      118 8 LONDON, FTI. Lead rose £3.50 for cash and £2.75 for Three Months. The tone remained buoyant on further covering and fresh buying interest prompted by recent Soviet purchases and the seasonal improvement in demand from the battery industries. Three Months traded up to t'379.50 in second rlsg dealings before
      118 words
  • MONEY AND EXCHANGES
    • Article
      Singapore Market
      497 8 THE US dollar yesterday staged a strong recovery on the local foreign exchange market with It rising 100 points against both the Japanese yen and the German mark. Opening at the 241.70/80 yen level in the morning, the dollar climbed consistently to 242.30/40 by London opening time. When
      497 words
    • Article
      Minimum lending rates
      47 8 ACBC Algemene Bank 7 Bangkok Bank 7 HSBC Bank of America 7 7 Bank of China 7 Bank of Tokyo 7 Malayan Banking 7 Bank Nasara Indonesia 7 OCBC OUB •H Chartered Bank 7 UCB Chaae Manhattan 7 DB8 7 L'MBC UOB 7 7
      47 words
    • Article
      Asian $ rates
      180 8 Asian rates 1 ASIAN currency depoalt interbank 1 rate* u at cloee on Dec 7 day* 1 mth 2 mthi 3 mth* mth* Bmth* 12 mth* US Dollar* (SpM) Offer Bid 6 1/4 8 VI 7 7/ie 7 5/18 7 3/16 7 1/16 7 S/16 7 3/16 7 6/16 7
      180 words
    • Article
      Discount
      10 8 i.ij. > ff h j Source: National Discount Co. Ltd.
      10 words
    • Article
      Euro $ rates
      142 8 Euro rates LONDON, Frl. Trading was quiet at the outaet, with sentiment largely unaffected by the moderate rise In U8 weekly money supply announced yesterday, dealers said. Period deposit rates, which firmed around the close yesterday In anticipation of the US money supply figures, showed little chan re. The Two
      142 words
    • Article
      Treasury bills tender
      36 8 RE8ULT8 of tender held on Dec 9 for 91-day Treasury bills to be issued from Dec 22 to 10: orrmti $20 0oo.ooo '&Xgg m m7n?"* i vv 1 f <,t founl on •'lot-
      36 words
    • Article
      London
      158 8 LONDON, Frl. The dollar and sterling strengthened moderately against leading currencies In relatively quiet opening trading, dealers said. The dollar's advance, following through its movement in New York yesterday, was aided by a statement from Bundesbank president Otmar Emmlnger expressing German concern at the dollar's recent protracted decllnfe. The
      158 words
    • Article
      New York
      108 8 NEW YORK. Frl. The dollar yesterday closed higher against major currencies, although off Its best levels of the day, dealers said. Sterling finished at 1.8275/85, compared with Its opening 1.8330/40, after declining to 1.8250/60 at one point. The mark was quoted at 45.70/75, down from 46.00/02 earlier, with
      108 words
    • Article
      Tokyo
      142 8 TOKYO, Frl. The dollar for overnight delivery closed lower at 242.05 yen after a 242.50 opening, but was above the 241.50 at yesterday's close, dealers said. No central bank Inter- vention was detected, they said. Trading was moderate with volume U***** million. After opening higher reflecting an overnight dollar
      142 words
    • Article
      Hongkong
      127 8 HONGKONG, Frl. The US dollar staged a mild recovery towards the close after earlier weakening below New York's closing levels, dealers said. Most business centred on the mark and Swiss franc where the dollar was quoted at 2.1855/65 and 2.1360/80., respectively. In New York, It closed at 2.1860/80 marks
      127 words
    • Article
      Australia/NZ
      54 8 AU8TRALIA/NZ exchanges on Dec 9: AU8TRALIA US dollar 1.331/1 1283 Sterling 0 6220/0 61ft 1 m buying rata* Sierlinf 0.6385 US dollar 1.1616 torw ra buying rate* Sterling 0 6180 US dollar ***** NEW ZEALAND Sterling 0 ft484/0 3464 US dollar 1 0004/0 9984 Nin,ty-day forward rata* Sterling 0
      54 words
    • Article
      Zurich
      58 8 ZURICH exchanges closing quotes on Dec 8: U8 2 1168-1198 8t| 3 6778-86 Can I 9340-9386 O Mk 97 33-62 D n 90.11-361 r rr 43 69-69 B rn 6.1982-2017 O Kr 3ft U-38 N Kr 30 98-40 03 S Kr 44.31-34 Ut 0.3418-3419 Aoi KhPort ft 2088-2370 8paln
      58 words
    • Article
      Frankfurt
      46 8 FRANKFURT exchanges opening quotes on Dec 9: US 2 1840/60 OUI 2 0016/4ft Bt|3 8S7/4.007 d vi n.ao/w 8 rr 101 44/54 Lit 2 4M/SO) r rr u.os/ii N Kr 40 87/41.07 B rr (com) < 343/ 303 B rr (fin) 6 33/33 Yen 0 902ft/4ft
      46 words
    • Article
      Eurobonds
      282 8 Eurobond prlcee quoted on Dec 9: Straight* Bid Othr Walter Kid a* I'IM Peme* 9 82 98.78 99 00 99.28 N8C IV Oveneu Finnic* 8V, r? 97 28 N 00 New Brunewick 184 Selection Truit 201.23 101.78 8 V. 89 rut«8j 93 78 97 78 94.78 N.80 M 12
      282 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      297 8 NEW from Penguin i i I i IN PENGUINS u Y u P he,d the traditions of Japan's imperial past which he believed were being slowly eroded by Western materialism. Disillusioned he astonished the world* in 1970 by committing hara-kiri or ritual suicide by disembowelment. One of his last works,
      297 words
Page thumbnail Page 9
  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon Pilots may identify airports with lax security
      457 9 Reuter HONGKONG, Frl. The president of the International Federation of Airline Pilots said yesterday that pilots may have to Identify airports with lax security measures so passengers can take measures to protect themselves from hijackers. Captain Derry Pearce made the comments after a
      Reuter  -  457 words
    • Article
      Lock icon London freight market
      148 9 AP LONDON, Frl. North Atlantic grain rates held fully steady for large bulkers working the US Gulf-Continent trade on the London freight market yesterday. The "Tweed Bridge" received $5.50 (FIO) for an end-December voyage to the Antwerp-Hamburg range with 77,000 tons while the 'Fernhlll" took 25 cents
      AP  -  148 words
    • Article
      Lock icon The quietest jet may soon wear US colours
      759 9 NYT WASHINGTON, Frl. With a subdued whooooosh, the A-300 Airbus rose from, the runway and climbed steeply into the frigid sky above a group of local government officials and newsmen at Dulles airport on Wednesday. Seconds before, one of the White House
      NYT  -  759 words
    • Article
      Lock icon Air France hit by strike
      95 9 Reuter PARIS, Frl. Air France's I International flights were j seriously disrupted yesterday by a strike of cabin staff. Air France said that 103 of its scheduled 165 flights had been cancelled and that only long-haul routes with the exception of ParisTokyo were In service.
      Reuter  -  95 words
    • Article
      Lock icon ANA test flights
      58 9 UPI TOKYO, Frl. All Nippon Airways, Japan's largest domestic air carrier, will make test flights to Vietnam next week In preparation for operating charter flight services between the two countries, an ANA spokesman said today. It will be the first flight of ANA to Vlenam since the
      UPI  -  58 words
    • Article
      Lock icon Tunnel below the sea will be world's largest
      564 9 Reuter YOSHIOKA, JAPAN, Frl. Deep beneath the seabed off Northern Japan, teams of workmen, alternatively sweating from 99 per cent humidity and drenched by Jets of freezing salt water, are gouging out the world's longest man-made tunnel. when completed, the 53 km
      Reuter  -  564 words
    • Article, Illustration
      IN PORT
      434 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Buenos Aires Maru (1200) 10/11 Fujltyasu Maru (Tanker) (0800 subject gas free P/O) 15/16 Golden Globe (1200 subject free board) 29/30 Kawana (JRCR Car Carrier) (1700 after Nicaragua Maru) 38/39 Kenlngau (0600 after Lumut) 21 West Kota Slngapura (1700 after Turkmenlya) 45 Muehlhausen
      434 words
    • Article
      Lock icon Loan for China Airlines
      56 9 Reuter TAIPEI, Frl. China Airlines, Taiwan's national flag carrier, secured a US$4B million loan from four US banks to finance purchase of a Boeing 747 passenger aircraft, the Central News Agency reported. The US bulks were Bank of America, World Ranting Corp, Chemical Bank and Security
      Reuter  -  56 words
    • Article
      Lock icon Manila likely to buy Hawker plane
      202 9 AFP I rl A Hawker i Slddeley executive yester- day said his firm hopes to sell six of its patrol aircraft, HS 478 Coastguarder to the Philippine Government for the use of its armed forces. Hawker Slddeley public relations officer John Grey said at
      AFP  -  202 words
    • Article
      KYOSEI LINE
      174 9 KYOSEI Klsen K.K. <K"). was established in 1938 as a private company with only one small 722 dwt freighter. Today, the company owns about 14 loggers, under the Japanese flag, ranging from 6,000 dwt to 35,000 dwt, with an average age of only around three years. In addition,
      174 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      707 9 ARRIVALS Service Local Operator Number Time From CAL CI 333 0040 TPE/HKG/KUL CPA CX003 0145 HKG TMA TL302B 0530 TPE SIA/BA SQ300 0600 LHR/BAH MAS MH601 0715 KUL MAS MH682 0810 KCH >r SIA SQ101 0815 KUL MAS MH607 0900 KUL o MAS MH621 0850 PEN MAS
      707 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      252 9 What is Malaysia doing to ensure natural rubbers rightful place in industry? j Find out In the November 1977 issue of MALAYSIAN BUSINESS MALAYSIAN BUSINESS this month takes a close look at the rubber industry from the processing and marketing to the industrial use of the product and the technological
      252 words
Page thumbnail Page 10
  • Article, Illustration
    Centre will be more than just a science museum
    3140 10 POKE, PROD, TWIDDLE AND TWIRL-AND LEARN. THAT IS ONE OF THE SINGAPORE SCIENCE CENTRE'S THEMES. SALMA KHALIK OF THE BUSINESS TIMES LOOKS AT THE LATEST BOOST TO SCIENCE EDUCATION IN SINGAPORE. SINGAPOREANS will learn more about science and technology at the
    3,140 words
  • Article
    FACING U.S. STEEL RESCUE PLAN
    914 10 NEW YORK: In the first blush of enthusiasm and satisfaction with the Carter administration's comprehensive prescription for relieving the financial problems of the domestic steel industry* that have been created partly by high levels of competing imports, a cautionary note may be in order. The
    914 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      673 10 smoapura FORUM j$ HOTEL DMn al M« ContownM HoMa 585 Orchard Road, S'pore 9. Tel: *****2 dM) Hotel p Singapore 405/407 Havelock Road, S'pore 3. Tel: *****1 Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits
      673 words
Page thumbnail Page 11
  • Article
    Lock icon N-S group discusses ways to boost ties
    521 11 Reuter BONN, Frl. Members of the new International North-South Commission will meet this weekend to discuss a programme aimed at improving relations between Industrialised countries and the Third World. West German President Walter Scheel and Chairman Willy Brandt will address the opening session
    Reuter  -  521 words
  • Article
    Lock icon Busy years ahead
    75 11 AFP WASHINGTON, Frl. The number of passengers carried on US airlines will rise by 80 per cent between now and 1989 to reach 418.4 million, the Federal Aviation Administration (FAA) said in a report here. Domestic passengers will increase at an annual rate of 7.5 per cent
    AFP  -  75 words
  • Article, Illustration
    Lock icon Japan to avoid clash over surplus issue
    976 11 Agencies WASHINGTON, Frl. Senator Jacob Javlts said yesterday that following talks with Japanese Prime Minister Takeo Fukuda, he believed Japan would act to avoid a confrontation with the United States over the trade Imbalance between the two nations. Sen Javlts, a New York
    Agencies  -  976 words
  • Article
    Fraser reveals drop in jobless rate
    578 11 CANBERRA, Fri. November unemployment figures announced today on the eve of Australia's parliamentary elections showed a slight drop from 6 to 5.8 per cent of the workforce. Minister for Employment and Industrial Relations Tony Street said the November drop of 13,378 unemployed represented a
    578 words
  • Article
    Lock icon Fishing pact
    28 11 AP WELLINGTON, Frl. An agreement regulating South Korean fishing boats in New Zealand's 320-km fishing zone was signed between the two countries here last night. AP.
    AP  -  28 words
  • Article
    Lock icon Tokyo Cabinet not popular
    161 11 Reuter TOKYO, Fri. Less than three out of 10 people support Prime Minister T&keo Fukuda's new Cabinet designed to combat what he called the country'* worst situation at home and abroad since World War 11, according to a poll released here today. The Yomiuri Shimbun newspaper
    Reuter  -  161 words
  • Article
    Auction of vehicles, plants
    128 11 THE Government is offering 47 lots of used motor vehicles, plants and stores for public auction, or. Dec 19 at 10.00 a.m. at Messrs Cheong Kcon Seng and Co (Pte) Ltd, 58 Market Street, Singapore 1. The Items range from motorcycle tyres to large caterpillar tractors
    128 words
  • Article
    Exhibition on careers at sea
    104 11 AN EXHIBITION will be held at the Maritime Museum on Sentosa from Dec 12 Jan 14. It describes the functions of the National Maritime Board and highlights various aspects of the training ship "Singapore". Exhibits Include photographs of trainees at work, a life-raft with survival
    104 words
  • Article
    Lock icon Credits for B'desh
    54 11 AFP BONN, Frl. Bangladesh will be granted credits worth 115 million marks (SSI24 million) for 1977 under an agreement with the West Oerman government signed here yesterday. The funds would be used to finance Imports of equipment and current projects. Bangladesh would also receive technical aid worth
    AFP  -  54 words
  • Article
    Lock icon China acquires expertise at its own pace
    591 11 Reuter PEKING, Frl. China's pragmatic new leader* have bluntly stated they want foreign technology and know-how for their ambitious plans to modernise agriculture, industry and the armed forces. But Western economic analysts here warn there will be no bountiful free-for-all with foreign companies
    Reuter  -  591 words
  • Article
    Over 4,000 accidents in industry yearly
    366 11 AN AVERAGE of 50 workers die and over 100 are permanently disabled each year because of Industrial accidents in Singapore. These figures were quoted by Mr. William Cheng, the Commissioner of Labour, at yesterday's opening of the two-day seminar of Safety and Health in
    366 words
  • Article
    Once upon a time, he'd very little to do ...
    351 11 Once upon a time, he'd very little to do AN ADMINISTRATOR who has not much work to do will create work for himself to fill the time available, increasing the complexity of his paperwork, or doing other unnecessary things In order to appear busy, according to Parkinson's Law. With the
    351 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      383 11 v-*--TV'i- "J*:. i* Mm •*S •MS Singapore Tanglin Circus, S'pore 10. Tel: *****1 Brasserie La Rotonde Speciality de Cafe Expect the unexpected! Daily specials that are as fresh as a new day. Today's special could be meat. Or seafood. Even hors d'oeuvres. But whatever it is, It's fresh. And prepared
      383 words
Page thumbnail Page 12
  • Article
    Shipyards thrive without subsidies
    589 12 SASAR PRODUCTIVITY SEMINAR SINGAPORE'S shipyards, last year launched a total of 437,000 QRT Of ships a 05 per cent Increase over the previous year without Government subsidies and supported only by Government financing on internationally accepted terms. This Is as good an Indication one can get
    589 words
  • Article
    Bosses and labour must work as a team
    232 12 PRODUCTIVITY growth Is influenced by the education and skill of the workforce, technological innovation. capital and capacity utilisation, scale of production. flow of materials and quality of management. However, It Is often overlooked that these factors become meaningful and productive only through
    232 words
  • Article
    Yards urged to be ready when storm is over
    515 12 SINGAPORE'S shipyards should strive not only to ride out the storms ahead, but also to position themselves to take advantage of the recovery when it comes. The $1.2 billion shipbuilding and repairing sector, the leading Industry In the Republic's manufacturing sector,
    515 words
  • Article
    Efficiency is not enough
    201 12 SINGAPORE shipyards may not be able to sustain their good business for long, warned Mr. Lo Wing Fal, a senior consultant at the National Productivity Board. Mr. Lo, speaking at the SASAR seminar yesterday, said that yards here owed their success to Singapore's geographical position and
    201 words
  • Article
    LONDON STOCKS
    821 12 LONDON Fri. Government bonds were actively firmer, showing gains of up to 3/4 point: There was heavy demand for the long tap' stock Treasury 10 per cent 1992. which became exhausted. At the same time a new loan of 1900 million (553.9 billion) was announced by the Bank
    821 words
  • Article
    Threat is greatest from Taiwan and S. Korea
    237 12 TAIWAN and South Korea are the two low-wage, highproductivity centres posing the greatest threat to Singapore shipyards, said the president of the Singapore Association of Shipbuilders and Repairers (Sasar) Mr. Chua Chor Teck. Europe's lesson should be learned it had lost the
    237 words
  • Article
    New frequency by UTA soon
    268 12 UTA, the French airline, Is expected to announce soon a fourth frequency on the direct Paris-Singapore route, to go Into operation July 1 next year. Mr. Jean Derras, vicepresident of UTA Far East and Pacific, will fly In from Paris for the official opening of
    268 words
  • Article
    Lock icon Livelihood of 70,000 in the balance
    175 12 AFP AENHEM (Netherlands), Frl. Three Dutch textile trade unions expressed fear that 70,000 workers In this sector of Industry will lose their lobs by 1985 If remedial measures are not taken very soon. The unions have studied the situation and on Wednesday sent their
    AFP  -  175 words
  • Article
    Singapore is the obvious tourist link
    334 12 TRUBT Houses Forte (THF), the world's largest hotel, catering and leisure organisation, recently established a reservations office In Singapore, one of five In Asia. The others are in Seoul, Hongkong, Tokyo and Manila. Mr. Robert Rouse, International sales director for THF, was In Singapore
    334 words
  • Article
    Sweden seeks closer ties with Asean
    154 12 SWEDEN and the Asean countries may enter into a bilateral arrangement for economic ties In the hear future, the Swedish special envoy, Ambassador Sverker Astro m, revealed here yesterday. But the fact that the Scandinavian countries have no mechanism for negotiating with economic blocs
    154 words
  • Article
    HDB'S TENDERS FOR PETROL STATIONS
    160 12 THE Housing and Development Board Invites tenders from local private dealers for the leasing of petrol and service station sites. The first two sites to be offered are at Ang Mo Klo, Neighbourhood II with an area of about 1,457.2 sq m and Bedok New
    160 words
  • Article
    Lock icon US dollar is undervalued says Apel
    389 12 UPI Reuter HAG EN, (West Germany), Fri. West German Finance Minister Hans Apel aald the US dollar Is undervalued and the German mark overvalued. In reference to the current turbulence In International money markets marked by the strengthening of the mark against the dollar
    UPI; Reuter  -  389 words
  • Article
    POSB still undecided on tellers
    96 12 THE Post Office Savings Bank yesterday said that It does not expect to Introduce In the Immediate future the Automated Teller Machine at any of its branches until Its capabilities have been fully explored. It has also not decided on the model and supplier.. The
    96 words
  • Article
    Post early for Xmas
    55 12 THE Postal Services Department yesterday appealed to the public to post early for Christmas. Greeting cards should not be posted later than Dec 17 f6r local delivery. The public is urged to help by: Posting early In the day; Addressing clearly and correctly; Using, the postal
    55 words
  • Article
    Expo staged in spirit of cooperation
    274 12 JAPAN'S wish to increase mutual understanding and cooperation with Southeast Asian countries as expressed by Prime Minister Takeo Fukuda during his Asean visit, Is the spirit In which the Japan Industrial Exposition is being staged at the Singapore Hyatt. The nine-day exposition which opened
    274 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      84 12 HIGHLIGHTS OF OUR NOVEMBER ISSUE PROPERTY I he condominiums will he read) soon and the winner is the developer who offers the best package. LIFE AT THE TOP Personalis profile of British Airways' I>a>id Lowe: Watching the birds go by. TRENDS hat is influencing metal prices? Coffee: Bluff and counter-bluff;
      84 words