The Business Times, 11 February 1978

Microfilm: NL9611
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATUHDAY, FEBRUARY 11, 1»78 SO CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Jobless Aussies up
      63 1 Reuter SYDNEY, Fri. The Australian government today announced that 7.2 per cent of the country's workforce are unemployed, dimming hopes of Asian Commonwealth partners that they can persuade Canberra to relax Its trade restrictions. Official Jobless statistics for January showed a 10.2 per cent rise over December,
      Reuter  -  63 words
    • Article
      Lock icon Amber One talks
      74 1 Reuter VIENTIANE, Fri. Lao government officials reported today that the four-nation talks on resumption of civil aviation overflights of Indochina were conducted in a cordial atmosphere. Senior officials from Vietnam, Laos, Thailand and Hongkong held discussions for the second day on conditions under which the "Amber One"
      Reuter  -  74 words
    • Article
      Guthrie's new MD
      46 1 GUTHRIE BHD has appointed Anthony Hayward, currently chairman and managing director of the Shaw Wallace Group In India, as its managing director. Mr. Hayward will Join Guthrie on April 1. The present managing director, R.F. Jenkins, will remain as a non-executive board director.
      46 words
    • Article
      Lock icon Jakarta's oil output
      61 1 AFP JAKARTA, Fri. Indonesia expects to maintain its oil production at 1.7 million barrels per day throughout the year despite excess production elsewhere, Minister of Mines Mohammad Sadli said today. He told a parliamentary committee that relatively more oil from domestic wells would be used for consumption
      AFP  -  61 words
    • Article
      Lock icon Daiwa lifeline
      44 1 Reuter TOKYO, Fri Daiwa Line, with debts of 50 billion yen (Ss4Bo million), has applied to the Osaka district court for protection to reconstruct itself under the Composition Act. The line owns 20 freight ships, of which 15 are chartered out. Reuter.
      Reuter  -  44 words
    • Article
      US dollar slipping
      67 1 LONDON, Fri. The US dollar slipped against most foreign currencies except the weak French franc today and the price of gold rebounded. It opened here unchanged at $1.9350 to the pound, but lost fractionally in Frankfurt at 2.1070 marks, down from 2.1090. In Zurich, the opening quote
      67 words
    • Article
      Delayed action
      30 1 SANTIAGO, Frl. A trade agreement signed almost six years ago between India and Chile went Into effect yesterday with the publication of its text In the official gazette.
      30 words
    • Article
      Lock icon Hongkong forecast
      63 1 Reuter HONGKONG, Fri. Hongkong's 1978 gross national product growth Is forecast at 6 to 7 per cent, Joseph Sebag and Co (Far East) Ltd said In Its newsletter. Growth In 1977, to be announced by Financial Secretary Philip Haddon Cave in his March 1 budget speech is forecast
      Reuter  -  63 words
    • Article
      Lock icon Dow Jones
      69 1 UPI NEW YORK, Frl. Investor disappointment over the largest spurt In wholesale prices In nine months pushed prices lower today In moderate trading of New York Stock Exchange Issues. The Dow Jones Industrial average, which fell 4.85 points yesterday to break a two-day advance, was down 1.91 to
      UPI  -  69 words
  • Chief Price Chances
    • Article
      In Singapore on Feb 10
      119 1 Rises Most active Sungei Be*i 530 +30 API 408,000 Tronoh Mines 580 +20 J. Merlin -247,000 Spore GUm MiURiee 114 130 13 12 P&hang Cons S. Qlass 114,000 104.000 YHSMiit CarUberg G Ceramic* 106 416 222 11 +10 +10 Total Turnover: 2.52 M Total Value:
      119 words
    • Article, Illustration
      In Kuala Lumpur
      161 1 Rises Most active Carlsberg 4.20 O. Ceramics 2.25 Berluntai 7.55 MaUkoff 1.S4 Negri Semb 2.93 M.Rice 1.28 St* JIS (M) 1.87 Tan CHong 2.88 Oleanealy 1.94 +.14 +.10 +.10 +.08 +.08 +.07 +.07 .06 .05 API 503.000 PahangCons 335,000 F Merlin 315,000 BRaya 306,000 Total Turnover: 3.32
      161 words
  • Article
    Lock icon Sluggish imports ahead for Japan
    383 1 AFP UPI JAPAN'S licensed Import contracts, a leading indicator of import trends, totalled US$5.6 billion (SSI3 billion) in January, up only 2.6 per cent over a year before. The Ministry of International Trade and Industry announced this yesterday and said the figure showed that imports
    AFP; UPI  -  383 words
  • Article
    More Tokyo banks tap Asian $ mart
    624 1  - More Tokyo banks tap Asian mart TWO BIG ISSUES NEXT WEEK By SOH TIANG KENG THE ASIAN dollar market will kick off to a good start in the Year of the Horse with two big issues next week. One is an Asian dollar bond, estimated to be US$2O million, to
    624 words
  • Article
    Credit spending here is on the increase
    694 1  -  »y PETER CHIA BUSINESS generated by credit cards In Singapore last year exceeded $250 million, according to Industry sources. However, this does not reflect the true picture of Singapore credit spending said Mr. O.C. Ludwlgson of American Express, who pointed out that about
    694 words
  • Article
    Lock icon ADB aims to step up lending
    141 1 Reuter THE ASIAN Development Bank expanded its loan programme last year to a total U*****.45 million (552.07 billion) for about 45 projects in 16 member countries. This was 14.3 per cent greater than the previous year's lending of $775.9 million and the statistics, in
    Reuter  -  141 words
  • Article
    Lock icon SUGAR ROW SETTLED
    68 1 Reuter AUSTRALIAN and Malaysian officials have reached agreement settling a dispute on the price of sugar under a long-term supply contract, the Malaysian Deputy Prime Minister Datuk Mahathir Mohamed said yesterday. Earlier rounds of talks broke down when Malaysia rejected the Australian offer of over 7 per
    Reuter  -  68 words
  • Article
    No shock waves in the wake of Jakarta's ban
    333 1 THE Indonesian government'* recent ban on the chartering of foreign ships for carrying cargo from Singapore to Weet Irian haa yet to make wave* hare. The only shipping line with Singapore intereeta allowed to operate to Weet Irian ia PT Jayawijaya
    333 words
  • Article
    That $40m deal — so near and yet so Far
    466 1  - That $40m deal so near and yet so Far •y TERESA LIM FAR East-Levins ton Shipbuilding (FELS) has confirmed that it loat a valuable contract worth more than $40 million to the Japanese, who undercut EELS'» price by more than U331.5 million per vessel. "This was not a case of
    466 words
  • Article
    Lock icon PRICE INDEX WARNING
    77 1 AP NEW warnings of worsening inflation In the U8 were hoisted yesterday by a government index that measures prices received by wholesalers. The Labour Department's index of finished goods prices, the last stage before consumers buy products, rote 0.6 per cent in January. The Increase was about
    AP  -  77 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      24 1 B LANIER COURIER tKe perfect secretary... 5" high 2W wide lOoz. wt. works 24 hours a day and never grumbles Sola Agant DON RW.W-*****8/53T163
      24 words
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      Page 1 Advertisements Column 2
      88 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 of cutting holes and slots. Platinum-coated to give you a smoother
      88 words
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      Page 1 Advertisements Column 3
      79 1 SCOTT English deal with Cummin* Dieael 2 SIB EX '78 will be a bigger draw 2 GALAXY of VIP. for Ofihhore exhibition 2 WELL-PACKED timber 'savea tone and money 5 JACKPOT for the auction goer I QUIET revolution at the Oversee-Chineae Ba airing Cora 7 CHEQUERED career of OCBCa No.
      79 words
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      Page 1 Advertisements Column 4
      135 1 ((<;\<,'~|^.|'&?!(,)`@~[*@_"!\" mtli: m V-J B. The Autumn issue of the ASEAN Business Quarterly includes a 5-page analysis 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 economic effects on ASEAN countries including new
      135 words
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  • TRADE AND INDUSTRY
    • Article
      Rubber plant a joint venture with Japanese
      347 2 A MALAYSIAN-Japanese Joint venture to produce technically specified (TS) natural rubber at a plant In Bentong (Pahang) has started operations. The company, LYL Rubber Sdn Bhd, in which the big Osaka-based Japanese Integrated trading house, Marubeni CorS ration holds 30 per cent of
      347 words
    • Article
      Crown Prince among VIPs for offshore show
      277 2 A NUMBER of highranking government officials and top-level trade missions will be in Singapore next month for the Offshore South-east Asia Exhibition and Conference. Heading the list of VIPs is the Crown Prince of Norway, Prince Harald and his wife, Princess Sonja. The
      277 words
    • Article
      Palm oil leads higher output in Malaysia
      492 2 OFF-ESTATE processing of palm oil led the expansion In manufacturing output In Malaysia during the third quarter of 1977, a result of the high price for the oil. According to Bank Neaara's latest quarterly bulletin, the volume of output from off-state processing was
      492 words
    • Article
      PEOPLE IN BUSINESS
      106 2 CITIBANK, N.A. announces the promotion of Mr*. Jessie Tan from Assistant Manager to Manager. Dr. T.G. Line, 80, resigned as director of Qold Coin Limited with effect from Jan. 1. Mr. Freddy Aug Tsi Tsin has been designated the new passenger sales representative of Cathay Pacific Airways
      106 words
    • Article
      Peking trade team in New Delhi for talks
      75 2 A 16-MEMBER Chinese trade delegation began talks with Indian officials to explore the possibility of mutual expansion of trade. The delegation, led by Mr. Lul Chlng, managing director of the National Machinery and Export Organisation, includes officials from China's several commerce, trade
      75 words
    • Article, Illustration
      Scott and English deal with Cummins
      209 2 SCOTT aad English has jwt signed now agreement with Cummin* Dieeel, which will enable the wholly-owned Haw Par subsidiary to penetrate the oflshere ell, heavy construction and logging induetriee. According to Mr. George Magnus, the Haw Par group chief executive, who signed on behalf
      209 words
    • Article
      SIBEX '78 DRAWS MORE AUSSIES
      317 2 AUSTRALIA, with a team of 43 exhibitors, will again be a major participant at the Singapore International Building Exhibition. This is seven more companies than In 1876. In terms of floor space and the number of exhibitors, Australia ranks third after Singapore and Italy. The
      317 words
    • Article
      Winners of Kodak contest
      57 2 WINNERS of the Kodak Dealer Display Contest were awarded their prizes recently. Super Photo Center of Cold storage Arcaae won the top prize of $1,000. This is the second time the firm has taken the first prise. Cash prizes of $500 each went to Nelson Company
      57 words
    • Article
      Lock icon Philippine cement for Bangladesh
      202 2 AFP THE PHILIPPINES will export 100,000 tonnes of cement to Bangladesh this year. Officials of the Philippine Cement Corp said between March and August 00,000 tonnes contracted at U5552.50 (8*122 325) per tonne (C and F), would be delivered. The price for the remaining 40,000 tonnes
      AFP  -  202 words
    • Article
      Suitability certificate no longer required for higher studies
      148 2 THE GOVERNMENT has suspended the requirement that a person must obtain a certificate of suitability for admission to an institution of higher education. Announcing the move yesterday, the Ministry of Home Affairs quoted the low rejection rate of applications over the past
      148 words
    • Article
      NEW VIP LOUNGE AT PAYA LEBAR
      104 2 VIPs and CIPs (commercially Important passengers) travelling on Singapore Airlines can enjoy the facilities of a new deluxe Silver Kris Lounge at Paya Lebar Airport, planned for comple-> tlon by September. The new lounge will be located on the first floor of the departure
      104 words
    • Article
      NPB course on machine tool accuracy
      170 2 THE National Productivity Board will be organising a course on how to improve machine tool accuracy from Feb 20 to March 3. The course will deal with: spindle alignment, parallelism and squareness of slides and machine motions, stralghtness of slides and beds, levelling of
      170 words
    • Article
      Fishing rule will not hit Japan
      419 2 AGRICULTURE Forestry Minister Ichiro Nakagawa said newly tightened fishing controls in the northern Pacific would not seriously affect the Japanese fishing industry. Commenting on the results of the Japan US, Canada fishery negotiations held in Vancouver, Nakagawa said there would be no need for
      419 words
    • Article
      MEMO PAD
      212 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Feb 4& 11 Telephone Techniques SIM Conference SIM and Courtesies Room 6— 15 Material Store Hotel Royal Accounting and Ramada Control 6— 17 LCA Module 11: NPB NPB Basic Industrial Jurong Office Pneumatics 6—17 IE Module I: Hotel Royal NPB Methods
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      167 2 r i MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASIA RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide t© the latest developments that hove taken place in oil important sectors of the economies of countries in East and Southeast Asia. The Bulletin
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      609 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 4 Pick the flower (6) 7 Battle city (8) 8 Stress that an airman gets little money (6) 10 Theatre lighting accessory? (5) 13 It means trouble In high planea (4) 14 As worn In Texas. Artaona, etc? (4) 15 Beau time? (4) 14 One
      609 words
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  • OVERSEAS
    • Article
      Lock icon Surplus of $5b for central government
      762 3 Reuter UK CENTRAL government transactions showed a surplus of receipts over expenditure of £1.15 billion ,(8*5.1 billion) In January this year, compared with ■£1.24 billion surplus realised Jn January 1977 and against a £785 million deficit in -December. The January financial jurplus brought the
      Reuter  -  762 words
    • Article
      Lock icon Pakistani debt plea
      196 3 Reuter PAKISTAN will ask Its Western aid consortium to agree to a further rescheduling of its debts at the sroup's5 roup's next meeting In une. Official sources said Pakistan raised the subject when the 10-natlon consortium last met In Paris in December. A formal request is being
      Reuter  -  196 words
    • WORLD IN BRIEF
      • Article
        Lock icon SDR LINK DENIED
        614 3 Agencies VENEZUELAN Energy Minister Valentin Hernandez denied speculation abroad that Opec plans to link oil prices to special drawing rights In place of the US dollar. Venezuela does not Intend to link Its oU export prices to SDR and that none of the Opec members will move
        Agencies  -  614 words
    • Article
      Lock icon German banks to raise $770m for Caracas
      353 3 Reuter VENEZUELA plus to raise financial package of around 700 million marks (SS77O million) through Gorman basks, representing a significant new stop in tko country's foreign borrowing for its 197C/M developmest programme. Tho package a credit of around 500 million marks and a
      Reuter  -  353 words
    • Article
      BOOST FOR FARM ECONOMY
      73 3 THE US Senate approved a non-binding resolution calling on the Carter Administration to take emergency action to bolster the farm economy. It proposes the President and Agriculture Department use existing powers to pay wheat, feed grain and cotton farmers for taking land out of production; calls
      73 words
    • Article, Illustration
      Lock icon NY can do without federal assistance
      1083 3 SHOCK FINDING OF SENATE PANEL NYT THE US Senate Banking Committee Jolted New York City's hopes on Thursday with the unanimous finding that the city should be able to meet Its financing needs and avoid bankruptcy after June 30 without further Federal aid. The
      NYT  -  1,083 words
    • Article
      Lock icon NEW MINE IF PRICES RISE
      793 3 Reuter THE development of a new major copper mine hinges on-«xpectatlons of a hefty rise In current copper f rices, according to Asarco nc chairman Charles Barber. The present domestic producer price for cathodes b U561.50 to 83.00 cents per pound. London Metal Exchange and
      Reuter  -  793 words
    • Article
      US oil to coal debate reaches consensus
      1189 3 AFTER 13 months of debate and study, a group of leading American environmentalists and industrialists reached agreement on more than 200 steps to help the nation shift from oil to coal In ways that are both environmentally tolerable and economically sound. The national
      1,189 words
    • Article
      Power workers seek terms similar to miners'
      271 3 BRITISH power workers will not settle for a straight 10 per cent pay Increase within the government pay guidelines without generous productivity bonuses equivalent to those won by the miners. "Naturally people think the miners executive decision has weakened out position, but we
      271 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      100 3 MR. BUSINESSMAN: It Business slow? Need mora customers? MwHw buyers consult the Yellow Pages. Many businesses have found Yellow Pages to be their best (and least costly) salesman. HAVE YOU FINALISED YOUR ADVERTISEMENT? EARLY HANDLING/COMPLETION OF YOUR BOOKING ENSURES MAXIMUM ATTENTION I YellOW I TO YOUR ADVERTISEMENTS BY I PoneS
      100 words
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      Page 3 Advertisements Column 2
      237 3 Nad to Kmm| Sesvww Psiact/Uppsr Esst Coast Roml ♦Located on elevated land in Katong Luxurious split-level houses facing the sea ♦With individual front and rear gardens EAST COAST HILL stand* on a 20-acre site off Upper East Coast Road which is about 195 fast above sea-level... affording a magnificent view
      237 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      437 4 THE market in Singapore yesterday closed slightly steadier with February One RSS buyers quoted at 202.25 cents per kilo, up 0.75 cent from Thursday's noon closing, dealers said. Morning prices rose marginally on upcountry buying and some speculative covering, they said. The afternoon session gained
      437 words
    • Article
      RAS PRICES
      292 4 Price* In cents per Ulo yesterday Noon (per kilo) Close (per kilo) Int. 1 R.S.S. prompt f.o.b. Int. 1 R.8.S. Feb Int. 1 R.S.S. March Int. 2 R.8.S. UK/Cont. Int. 3 R.S.S. UK/Cont. Int. 4 R.S.S. UK/Cont. Int. 5 R.S.S. UK/Cont. Buyers 202.00 202.00 202.00 198.29 197.25 195.25
      292 words
    • Article
      SSR AND SMR
      93 4 NOON S8R and SMR prices yMterday SAfl February (Current Mth) Buyer* Seller* (eaaUperkg) March (Forward Mth) Buyer* Seller* (ceat* per hg) SSR 20 SSR50 MHC1 H (1-ton pallet) (1-ton pallet) 193.00 195.00N 191.00 193.00N Much 194.00 196.00N 192.00 194.00N April SMRSCV SMR SL SMR 5 SMR 10
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    • Article
      Closing prices
      30 4 Rubber: Fab 10 Singapore: February 202.25 cents (up 0.75 cant) Malay ala: March 205.00 centa (up 91.50) Tin: $1,721 (up til) Official offering: 230 toonee (up 15 tonnes)
      30 words
    • Article
      Produce exchange
      216 4 In NEW YORK on Thursday, cash pepper prices were quoted slightly lower today in line with new offerings from the eastern markets.. IN LONDON on Thursday, pepper prices closed as follows: '(Pricee per lone ton df European port* unlet! otherwise Indicated) Sarawak Whit* FAQ: Spot £IJWN Afloat (per
      216 words
    • Article
      Hongkong comex
      189 4 THE sugar futures market closed easier with losses ranging from U50.05 to 0.21 cents on mixed selling yesterday. Straddle transactions between March and May were traded at a spread of 0.42 cents. March, May and September were traded at higher levels of premium over equivalent months on the
      189 words
    • Article
      Palm oil
      83 4 C I F. US dollari per ton. LONDON: Tbunday IWm. Malaysian 5% ffa bulk April 502 sir unch Sumatra 5H f fa Feb 537.50 sir 550 sir/545 pd March 525 slr/522 S pd 528 Va 427 pd April May 507 S sir/506 pd 522 50 sir 495 sir/
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    • Article
      Sugar
      168 4 IN LONDON yesterday, end-morning values were £1.10 to £0.60 higher. The turnover totalled 1,659 lots. Market sources said values opened steady at higher overnight kerb levels on trade buying and preweekend short-covering following this week's decline. However, there was little fresh follow through buying and values later fell back
      168 words
    • Article
      Duty rates
      77 4 THE Malaysian Minister of Finance has fixed these rates for the period from Feb. 9 until further notice: Rubber at 203.25 cents a pound, Copra at 909.41 cents a ton, Palm Kernel at 239.03 cents a ton. The rates of duties payable are: Rubber at 33 5/8 cents
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    • Article
      Straits tin
      217 4 THE Btralts tin price In Penang rose MS 11 per pdul to SI,TCI. The rise was prompted by continued buying support from US and Japan, with some eastern European demand and local dealers covering. Turnover rose to 230 tonnes from 215 on Thursawlth dealers reporting allotted with 20
      217 words
    • Article
      Coffee
      165 4 ROBUSTA futures In London yesterday ended the opening session slightly easier but £3 higher to £10 lower after Initial gains of up to £12 compared with Thursday's close. Dealers said Initial gains were In line with earlier expectations basis New York but in the absence of any fresh news
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    • Article
      Cocoa
      100 4 TERMINAL cocoa finished the first call In London yesterday £4.50 up to £9.50 down with commission house and chart support featured, dealers said. Market sources attributed additional support to dealer hedge-covering against recent resale physical transactions. On Thursday, terminal cocoa staged a late session advance led by commission house
      100 words
    • Article
      Rice
      131 4 VERY little was reported In the Bangkok rice market during the week under review either In the government or private sectors, trade sources said. Early this month the government announced new regulations requiring rice exporters to sell to the government stockpile from 50 to 100 per cent of the
      131 words
    • Article
      Soybean
      117 4 SOYBEAN futures In Chicago on Thursday lacked the strength to sustain a rally attempt and retreated late In the session, to close with 2-1/2 to 1/4 cent a bushel losses. Soybean oil futures contributed significantly to weakness In the soybean complex finishing with losses of 0.20 to 0.03 cent
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    • Article
      Wheat
      46 4 WHEAT futures In Chicago on Thursday finished 1-1/4 to one cent a bushel higher after trading to either side of Wednesday's close in a three cent range. Wednesday's weakness carried over the morning and prices slipped under local and commission house selling and professional backspreadlng.
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    • Article
      Copper
      304 4 COPPER wlrebars finished the morning In London yesterday with gains of mostly £11 per tonne. Values were boosted on the pre-market by commission house buying which reflected unconfirmed reports of a possible 15 per cent production cutback by some CI pec members. Chart and stoploss buying took Three Months
      304 words
    • Article
      Silver
      175 4 SILVER hardened In London yesterday by 2.2 to 1.9 pence. The overnight gains at New York and the rise In gold were the main steadying influences, trade sources said. Small scale covering and fresh buying was met by profit taking. Carries accounted for the bulk of the turnover of
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    • Article
      Gold
      339 4 THE kllobar in Singapore opened at 5513,137 and closed at 5513,111. In the London market the metal opened at US $174.30/ 00 and closed at U*****.10/ 40. The London morning fix was U*****,000 down $1.15 from the previous. Source: Sigma* Retail prices per taelquoted by the Singapore Chinese Gold
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    • Article
      Zinc
      76 4 zinc showed all round gains of £1 per tonne, in London yesterday. inis metal also worked higher in sympathy with the trend In copper with fresh buying Interest lifting Three Months to £257 at one stage. Recent Influential borrowing, which has narrowed the contango to £3.50, was cited by
      76 words
    • Article
      Lead
      62 4 LEAD closed with gains of £3 for cash and £3.50 for Three Months in London yesterday. Nervous short-covering on the pre-market took Three Months up to £325 per tonne following the advance in copper although substantial trade hedge selling pared the position to £321.50 in the ring. Stocks are
      62 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        495 4 THE local money market yesterday saw strong bids for term funds but few deals were concluded as lender banks held back in anticipation of the expiry of the MAS swap arrangement. Overnight funds, however, were traded steadily If unspectacularly. Rates opened at the 4 to 3* per cent
        495 words
      • Article
        Minimum lending rates
        49 4 acbc Alfemene Bank 7 Citibtak Bangkok Bank hsbc Bank of America 7 lull mn Bank of China T Malayan Banking Miuui Bank 7 Bank of Tokyo 7 T Bank N««ara IndoMsii OCBC Ckartarod Bank 7«/« UCB 7 Ckaae MankatUn 7 UMBC 7 DBS 7* UOB 7
        49 words
      • Article
        Asian $ rates
        165 4 Asian rates ASIAN currency deposit Interbank rates as at close on Feb 10: o5w* li "4Sr <l 7d*ys 8 15/1# 8 13/18 1 mth .7 1/18 8 15/18 2 tilth* .7 VI 7 1/4 3 tilths .7 3/8 7 1/4 6 tilths .7 li/is 7 8/18 8 tilths ...7 13/ie
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      • Article
        Discount
        41 4 RANOE of prtca offend by discount house* on Feb 10: Overntfht: Call deposit 3U% IHrni B«yte( 3-Month Treasury btlU 31/4 3 1/1 3-Monti) Bank bins 4 7/8 4 3/4 3-Month CD 5 1/8 5 •-Month CD 5 9/16 37/16 Source:
        41 words
      • Article
        Euro $ rates
        86 4 Euro rates TRADING In London yesterday was generally light ahead of the long weekend in the US and rates were unchanged from Thursday's closings, dealers said. EURODOLLAR deposit* opening quota* on Feb 10 weekend 2*. J Mon/ Tuaa unq due to New YorkhoU«V Tuea/ Wad IV16. 11/ M Seven dajra
        86 words
      • Article
        Treasury bills tender
        47 4 RESULTS of tender held on Feb. 10 for 91-day Treasury bills to be issue< 1 from Feb 13 to 17: Offered: S15.000.000 Applied for: M0,400,000 Allotted: S15.000.000 Accepted Bids: S99.21 approximately 91%; higher bids In full. Average rate of discount on allotment: 3.155% pa.
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      • Article
        London
        165 4 THE French franc yesterday recovered to 4.9025/75 to the dollar from early weak levels around 4.9150 midpoint but remained below its 4.9000/40 overnight close, dealers said. They believed the Bank of France had Intervened when the French currency reached its weak point and the unit rallied, aided by slight
        165 words
      • Article
        New York
        150 4 STERLING closed on Thursday slightly lower against the dollar after trading erratically In a narrow range, dealers said. The unit closed at $1.9320/30, compared with Its opening $1.9330/35, after having gained to $1.9350/60 In the morning on news the British miners union executive had voted to accept the
        150 words
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        Hongkong
        114 4 CURRENCY trading was subdued in the aftermath of the three-day Chinese New Year holiday and ahead of the weekend, dealers said. The US dollar closed marginally weaker at 2.1070/80 marks compared with 2.1080/90 in New York overnight but firmed to 241.50/60 yen from 241.35/55. Sterling firmed to 1.9330/40 against
        114 words
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        Tokyo
        69 4 THE dollar stayed slightly above Thursday's closing level on Import covering by traders, but trading was generally slow In the absence of fresh factors and the rate moved between 241.55 and 241.65. The dollar for Immediate delivery closed at 241.58, unchanged from the opening but down from 241.67 at
        69 words
      • Article
        Australia/NZ
        33 4 AU8TRALIA/ NZ exchanges on Feb 10: AUSTRALIA: US dollar 1.1381/ 1.1333 Sterling 0 MO#/ 0 SMS Ninety-day airmail buying rates Sterling 0.6044/ 1.1M1 Ninety-day forward buying rate* 1a I 0 5255 1.0148
        33 words
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        Zurich
        16 4 UvlM+At e frftrn B* B7 u It an Y 11 r* 1 mi l rLi^v*'*
        16 words
      • Article
        Frankfurt
        43 4 FRANKFURT exchange* opening quotes an Feb 10 u» t.xtmm Oui 1 M06/» Stf 4 070/000 D Fl M.M/30 S Fr 107 .7 Ut 2 OS/445 F Fr 42-04/94 N Kr 4100/10 B Fr (CO»l) 0 4J2/442 B Fr (fin) 41/44 Yen 0.I74&/M
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        Eurobonds
        273 4 EUROBOND price* quoted 0 n Feb 10:U StrmickU BU Ofhr Total OU st«9W04 FFIstc9%r7 Courtaulds st(9*.M EIB stff 92 Flsonsst* 10W (7 97 82 00.82 08 00 97.30 100.25 90.37 90.37 00.75 00.25 101.00 J lnco992 Inco0%04 Sparbankemas 07.25 08.87 07.00 07.75 07.37 00.00 Shell OK 00 SNCF8WM EIB8V188
        273 words
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      Page 4 Advertisements Column 1
      328 4 Slow boat 9 I'' I V I I VCHINA TRADE QUARTERLY BT Far East Publications g j 1913. Hanglung Centre, Paterson Street, Causeway Bay, Hong Kong. I Please enter my full subscription to China Trade Quarterly. lam enclosing a cheque/money order for US$2OO.OO or equivalent in other currencies. I IPleese
      328 words
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  • TRANSPORT
    • Article
      Lock icon lata to study belt-tightening proposals
      286 5 Reuter TOP OFFICIALS of the International Air Transport Association will meet in Geneva next week to discuss financial troubles which have forced the organisation to increase member airlines' 1978 dues by onefifth. The 21 -member executive committee of lata, which groups 107 of the world's
      Reuter  -  286 words
    • Article
      Lock icon US bill to put the lid on kickbacks
      248 5 UPI THE US House Merchant Marine and Fisheries Committee In Washington approved a bill on Thursday designed to prevent f orelgn shipping companies from kicking back money to shippers to get more business. The Anti-Rebate BUI got i2B-0 vote and will be
      UPI  -  248 words
    • Article
      Lock icon LONDON FREIGHT MARKET
      134 5 AP US Gulf-Japan grain fixing indicated the continuing weak state of freight, rates, despite slightly more business being reported on Thursday. Reductions of 25 US cents were noted when the 50,000-ton February March loader "Ivory" accepted US$B.75 (FIO) and the 31,000-ton March 1-15 loader "Andros Mariner" took
      AP  -  134 words
    • Article, Illustration
      SHIPS IN PORT
      432 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cristobal Maru (0800 must sail not later than 0530/ 13th) 48 Crystal Camellia *(0530 shifts after Samson) 27/28 Emma Bakke (after Ibn Majld) 38/39 Fortune Runner (3FYQ) (1800 subject freeboard) 23 Hemlock (SMVG) (0600 after Crystal Camellia shifts) 31/32 Kalimantan Ibu (2030)
      432 words
    • Article, Illustration
      Well-packed timber expedite discharging
      725 5  -  LIVERPOOL MODEL OF EFFICIENCY By TSANG SAU YIN MOST OF the timber shipped from this region to Europe is well packed and marked but some port* still bundle together timber of unequal Tenghts causing unnecessary sorting delays at the destination. The man concerned witn this timber
      725 words
    • Article
      Fewer ships lost in second quarter '77
      561 5 FEWER merchant ships were lost and broken up, during the second quarter ended June 30, 1977 compared with the cor- responding period In 1976. Lloyd's Register of Shipping reported in Its latest- casualty return that 45 ships of 197,942 tonnes gross were totally
      561 words
    • Article
      Singapore Island Line
      164 5 SINGAPORE Islands Line Is locally registered. A specialised West Asian liner carrier, It operates two regular liner networks to and from Singapore. Local agents: Singapore Shipping Agencies. Trade: Singapore/West Asia. Porte of call: east-bound Dubai, Dam ma m, Bahrain and Bombay to Singapore and Bangkok. West-bound Bangkok,
      164 words
    • Article
      Lock icon MOVE TO FOIL RATE-CUTTING
      248 5 FT BRITISH shipowners have outlined to the government a three stage plan for dealing with the ratecutting Soviet merchant fleet which could eventually lead to the imposition of quotas on the movements of Russian ships. Mr. Ronnie Swayne, vicechairman of the Oeneral Council of British Shipping
      FT  -  248 words
    • Article
      Tramp trip charters down
      120 5 THE GENERAL Council of British Shipping's tramp trip charter Index fell to 86 In January from 90 In December but was the same as January, 1977. Figures for Individual groups were 97 In January and 102 In December for 12,000 to 19.&99 dwt; 83 and 85
      120 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      670 5 ARRIVALS Local Operator Numb* r Tta m rrwm CAL CI333 0040 TPE/HKO/KUL TMA TL302B 0530 TPE MAS MH801 0715 KUL MAS MH082 0725 KCH SIA SQ101 0615 KUL MAS MH821 0635 PEN MAS MH807 0845 KUL MAS MH071 0045 PEN/KUL CAL CI814 1000 HLP OLA OA 980
      670 words
    • Article
      UK aerospace surplus
      196 5 THE UK had a balance of payments surplus on aerospace export account of £272 million (5J1.22 billion) last year, with exports amounting to £1,038 million and imports amounting to nearly £766 million. Although the exports figure was a new record, lnflatlon played a considerable part In boosting
      196 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      130 5 '"i r Don't let the language barrier stop you from wider contacts \PI 1 J \V eW !£&£*&>£ Y m JL\ <&> nN ro s s* x \\o^ c\ K vA e "umiT P V YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travel- I ling in
      130 words
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  • Article
    What a larger deficit means
    448 6 THE industrial countries collectively incurred an even larger trade deficit last year than the previous year, according to preliminary figures, but whether this should be viewed as beneficial or otherwise to the international economy remains to be seen. The larger deficit may mean that the
    448 words
  • Article
    It's productivity that matters
    307 6 THE economic health of any economy, be It capitalist, communist, socialist or whatever hybrid, depends largely on the efficient utilisation of all its resources. In other words, productivity is the name of the economic game. This is especially so for natural resource-scarce Singapore. In fact, the
    307 words
  • Article
    Lock icon Bingo! for the auction goer
    830 6  -  By RITA REIF NYT FROM Meissen to Mickey Mouse, the world records made in the international auction market In 1977 were most impressive. Banner sales and skyrocketing prices were registered for antiques and collectibles in New York, in London, Monaco and Geneva. In the process,
    NYT  -  830 words
  • Article, Illustration
    Lock icon Not a hit in US
    618 6  -  By FRANK PRIAL NYT DESPITE the muchpublicised Heublein auction of rare wines held every year in the US, wine auctions are relatively unknown to American wine drinkers. Restrictive liquor laws do much to Impede the innovative marketing of wines in the United States, but even
    NYT  -  618 words
  • Article, Illustration
    Lock icon Developing the art market with tax shelters in mind
    801 6  -  You can make money a lot of different ways unstable currencies have highlighted the more orthodox forms of investment and tax-evasion of late. And very beautiful or even delicious they can be too, art and wine being among them. The name
    NYT  -  801 words
  • Page 6 Advertisements
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      62 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Mainly fair REPORT for 24 hours prior to 7.30 pm on February 10 at the airport. Maximum Temperature 31.6° C Associated Humidity 65 Minimum Temperature £3.9 A C Associated Humidity *7 Hours of Sunshine 9-55 Rainfall in Millimetres Nil Total
      62 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      305 6 SINGAPORE 5 1.00 P.M. Opening announcements followed by Sesame Street* 2.00 Saturday Matinee For those who think young, Starring James Darren, Pamela Tiffin, Woody Woodbury, Paul Lynde, Nancy Sinatra, Bob Denver* 3.35 What's My Line 3.55 Soccer Friendly International Singapore vs. Sao Paulo (Repeat) 0 4.50 Sandiwara (Malay) 5.40 Little
      305 words
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  • Article, Illustration
    Handover time at OCBC is just round the corner
    1542 7  -  The Oversea-Chinese Banking Corporation is at last doing something about its management structure, for too long now dominated by one admittedly very able man, Mr. Tan Chin Tuan, the chairman. A key actor in the quiet "revolution" inside probably Singapore's strongest
    1,542 words
  • Article, Illustration
    STRAWS IN THE WIND
    484 7 I RATHER liked these whimsical Jests (see pictures below) from Dogtalk, the Singapore Kennel Club's magazine. EVER seen a photo of the Japanese Emperor In formal dress and stifled the urge to giggle? I refer of course to his Western-style morning coat and top hat gear.
    484 words
  • Article, Illustration
    A CHANGING FACE?
    348 7 MR. YONG Pung How has had a varied, even colourful, career. A lawyer by training, his speech betray* more the year* he (pent in Cambridge than the time spent at Harvard Business School later on. He practised law for many years in both Singapore and Malaysia during
    348 words
  • Article
    Need to end tug-of-war quickly
    894 7  -  FOBPMi M ...on economics •y LEONARD SILK Leonard Silk is a New York Times financial columnist. THE THREE major powers of the Industrial world the United States. West Germany and Japan have fallen into a state of economic disarray. And, unless they can resolve their
    894 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      209 7 IROPE and UK/IRELAND It <• WIL2 i ft*4» ROYAL DUTCH AIRLINES G2, Mandarin Hotel Arcade 333 Orchard Road Singapore 9. Tel: *****1 Gl6, Kompleks Antarabangsa, Jalan Sultan Ismail Kuala Lumpur, West Malaysia. Tel: *****1 F7, ftrk Hotel Building P.O. Box 1060 Miri. Sarawak, East Malaysia. Tel: ***** General Seles Agents:
      209 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      29 7 BriStdW -.Frank Dxctens tJ€LL,ueLL,TmS Cfioujo Of CK\LD«€M PQL WP*«EH"T|v menseLwes.... ufoPtreD f\>4cn P*D juo/P Nevee weftßoof 1T... Lei's sec. LOMPfT IT'S FMx w3our.. i i (?§2B& Cw no D«OHT
      29 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      317 8 HONOKONO: The market closed easier In quiet and featureless tradln* yesterday on lack of any Interest after the ChMHM or* year holiday. Jartta* Mtttsw feU 20 cents to 12.50, f Bank 10 to 17.20, Boa# Kaa< Land five cents to 9.05 and Wh—lock Martian 2.5 cents to 2.175, while
      317 words
    • Article
      Tokyo
      477 8 TOKYO: Share prices closed slightly lower In mixed trading yesterday in the absence of encouraging factors and ahead of today s national holiday. The Dow Jonese average fell 3.58 to close at 5.144.54, with volume of 270 million shares. The New Index closed at 384.84, down 0.51. Export orientated
      477 words
    • Article
      Sydney
      353 8 SYDNEY: The market dosed mixed with leading miners unsteady yesterday. BHP gained two cents to A 55.48 while ACI shed one to $1.66. The Bank of NSW added four to $5.26 In otherwise mixed banks. Properties were lower where changed while sugars, retailers and brewers also eased. Comalco added
      353 words
    • Article
      Manila
      155 8 MANILA: The stock market closed steady yesterday with all averages gaining slightly. Turnover fell to 1.77 million pesos from Thursday's 3.25 million. Atlas rose four points and Lepanto one, but PhUex lost one point while other mining issues were steady. Oriental gained one point while other oil Issues were
      155 words
    • Article
      Bangkok
      144 8 FEB 11 1 Bahta AsiaFU>r» aw -1 Ii ok Bank 413 -6 ok Invest *22 ♦2 1 Tr potita ji Bank 3600 +60 Bala Hi -5 Berb Jucker MO unch Carpet Intnl Charoonf Thai Wire 467 ♦64 DusitThani 382 ♦1 Faber Merlin rtnt Trust Ocmnnmim Indo-Thal Industrial Finance ioo
      144 words
    • Article
      Amsterdam
      268 8 AMSTERDAM: Share prices on Thursday, were generally firmer, with only Philips lower In Dutch Internationals. In the rest of the market, KNSM firmed 3.50 guilders. Shares with gains over one guilder Included Natleaale Nederlanden and Rebeco. Lower issues included Pakhoed, KLM and Van Ommeren. State loans were steady In
      268 words
    • Article
      Brussels
      152 8 BRUSSELS: Belgian share prices were mostly higher in more lively trading on ThursC*k«H> Traetlaa, Umti, AilvtnM, Hiiint--B*mbr*. Tm*mMw, CmDh and CBR roae, while UCB and Mount fell. In foreign stocks, UK. Dutch and US roae, Oermans, Canadians and French were little changed. Gold mines wsrs little changed. Patrofiaa and
      152 words
    • Article
      Frankfurt
      304 8 FRANKFURT: Price* closed mixed with a slightly firmer bias on Thursday as buying orders tailed off after a strong start. Dwaag led engineerings five marks higher and steels were also up. with Mm—in gaining 0.80. Chemicals were steady while electrtcals added as much as 2.50. led by Brown Boveri.
      304 words
    • Article
      Paris
      357 8 PARIS: Shares were mixed with a steady Mas on Thursday, due to the quieter foreign exchange market and news of two opinion polls, each giving a slight Increase in votes to the governing majority ahead of the March elections. Cars roae on the news that prices will be raised
      357 words
    • Article
      Milan
      129 8 MILAN: The market was generally weaker in thu trading on Thursday, with operators awaiting the outcome of currant political negotiations JtiSS&JSSSL'SI weaker. lnMWllare fell and most other financial and Industrial laaders were PMM EC gained, but Ml Spa fell. Bonds also eased slightly FEB m Ur» Ante IX sssto
      129 words
    • Article
      New York
      1264 8 NEW YORK: Stock prices backtracked in moderate trading on Thursday, as profit-taking reversed a two-day advance. The Dow Jones Industrial average dropped about five points after running up a 14polnt gain during the last two sessions Analysts also attributed the decline to failure by the Senate Energy Conference
      1,264 words
    • Article
      CHICAGO BOARD OPTIONS
      1236 8 February 9 ON THE Chicago Board Option* Exchange, a total of 84,109 contracts were traded on Thuradajr, compared with 01,721 on Wednesday. OPTION APL JLY OCT STOCK Alcoa 40 IS/10 1VI 1 »M Alcoa ti Ml 7/t 11/4 10M Alcoa SO 1/10 NOL NOL MM Alcoa 00
      1,236 words
    • Article
      Jo'burg
      393 8 JOHANNESBURG: Gold shares were off the top on balance In very quiet trading on Thursday, reflecting lack of interest and lower bullion indications. There vas some two-vay trade on London account, but thu dried up shortly after mid/tnanclal minings were mostly at previous levels though De Bears lost five
      393 words
    • Article
      Zurich
      241 8 ZURICH: The bourse was steady in more active trading on ThursBanks were steady while among rinanclals. lilarM and Ferbe advanced. Insurances were irregular, and Industrials generally were llttte chanaed, although Here rose and Seiner declined Dollar stocks, Dutch and German shares were steady. Domestic and foreign bonds tended firmer
      241 words
    • Article
      Toronto
      347 8 TORONTO. Share prices cloned lower In active trading on Thursday. The composite Index was off two points and losses led gains 188 to 109. Investors Group A added 1/8 to 8-7/8 and Pitts Engineering C gained 1/4 to 6-1/2. Both had higher year earnings. Canada Cement A eased 1/8
      347 words
    • Article
      INDICES
      58 8 FINANCIAL TIMES INDUSTRIALS Thursday 473J. Wednesday 400.4 Week Aco 400.5* DOW JONES AVERAGE m INDUSTRIALS Thursday 777Jk, Wednesday 782.00-. Week Ago 775.Mn LONDON DOLLAR PREMIUM Thursday 77* to tl J Wednesday 75* to If*" U.K. HANG SENG Wednesday doss* Week Ago 406MSYDNEY INDUSTRIALS Thursday 412.4S' Wednesday 411.50 Week Afo
      58 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      386 8 2: -r-V"' 1 J 5 <* in 4 i i. THE GREAT BOOKS OF WESTERN CIVILIZATION 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 democracies,
      386 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Kodak stresses EPS growth
      230 9 NORTH AMERICAN COMPANIES Reuter EASTMAN Kodak, the world's largest photography company, said profits declined by one per cent last year. Chairman Walter Fallon said the decline reflected the absence of extraordinary Items which boosted the 1976 net. Profits from operations were 5 per cent higher than
      Reuter  -  230 words
    • Article
      Lock icon Goodyear unit buys tyre manufacturer
      109 9 Reuter THE GOODYEAR Tire and Rubber Company said Its newly formed Chilean subsidiary has Invested US$34 million to acquire the assets and working capital of Corfo-Insa, Chile's largest tyre manufacturer. Goodyear De Chile will operate the facility, which makes tyres and tubes for cars, trucks
      Reuter  -  109 words
    • Article
      Airco sues BOC Int'l over tender bid
      215 9 AIRCO Inc said it filed a suft In the US district court in i Wilmington, Delaware, against BOC International Ltd and Its BOC Financial Corp subsidiary seeking to have the BOC tender offer for 1.8 million Alrco common shares at US$43 each declared
      215 words
    • Article
      Lock icon Usinor holders warned of disappointing showing
      306 9 EUROPEAN COMPANIES FT PARIS: Shareholders In Uslnor, France's leading steel concern, have been warned that 1977 results will be even worse than the previous year's and that there is virtually no hope of a return to profits this year. M. J. Hue de la
      FT  -  306 words
    • Article
      LBI retains earnings
      76 9 DESPITE a 33.8 per cent rise in pre-tax profit from £32.2 million to £41.2 million for the year ended Sept 30, 1977, Lloyds Bank International Is not paying any dividend. A statement from the bank says that the whole net profit is to be retained and used
      76 words
    • Article
      Braniff
      46 9 BRANIFF International Airlines has started talks with British Airways to lease a supersonic Concorde aircraft for a New York to Panama run. Negotiations on a lease agreement were expected to begin in late spring or early summer, Braniff vicepresident for public relations, Jere Cox, said.
      46 words
    • Article
      Lock icon NEB to supply equity finance to Leyland
      193 9 Reuter v THE next funds supplied by the National Enterprise Board to British Leyland Ltd will almost certainly be in the form of equity finance. NEB chairman Leslie Murphy said the right answer to Leyland's present financing needs Is to put In equity
      Reuter  -  193 words
    • Article
      CPC Int'l reports 8pc gain in final quarter profit
      160 9 CPC International, the food processing and industrial products concern, reported a 7.8 per cent gain In fourth quarter profits and an 8.9 per cent rise for the year. CPC's profits totalled US$4l minion, or $1.73 a share, compared to the year-ago
      160 words
    • Article
      Exxon
      57 9 EXXON Corp announced details of its previously announced four-year capital and exploration investment plan for US$24 billion. It said the plan for the years 1978 through 1981 Includes $16 billion for energy exploration and development, $5 billion for trie "downstream" areas of refining, marketing and marine. $2 billion for
      57 words
    • Article
      Lock icon Dresser confident of current year
      178 9 Reuter DRESSER Industrie! Inc enters 1978 confident of another excellent year, chairman John Jamea said in the annual report. In the fiscal year ended Oct 31 1977, Dresser net rose to US$lB5.l million or 84.78 a share from 8188.8 million or 84.19 a share a
      Reuter  -  178 words
    • Article
      Lock icon Chrysler shuts plant
      47 9 Reuter CHRYSLER Corp announced It would shut Its Hamtramck, Michigan assembly plant for two weeks, beginning next Monday. Chrysler said the closing is aimed at reducing inventories of unsold cars. The factory employs 8,500 workers who assemble Plymouth Volare and Dodge Aspen oars. Reuter
      Reuter  -  47 words
    • Article
      Lock icon TRW Inc expects 19pc increase
      132 9 Reuter TRW Inc., a diversified manufacturing company, expects to report fourth quarter profits of about US$43 million, a 10.4 per cent gain over the same period a year ago. Chairman Ruben Mettler told stock analysts that the earnings work out to about $1.18 a share.
      Reuter  -  132 words
    • Article
      Lock icon UNION OIL SHARES
      93 9 Reuter UNION OIL of California said it is calling for redemption on March 10, of all its 2.2 million outstanding preferred shares at US$O5 a share, plus 10.2 cents. The 10.2 cents is equal to dividends accrued from Feb 10 to March 10 at the annual rate
      Reuter  -  93 words
    • Article
      Lock icon Mexican copper firm borrows
      193 9 BONDS AND LOANS Reuter Reuter NEW YORK: Citibank NA has completed syndication of a US$27O million Eurodollar eight-year loan for Mexlcana De Cobre. Informed banking sources said the loan is oversubscribed and the bank Is proceeding with the documentation. The loan has a spread of 1
      Reuter  -  193 words
    • Article
      IMI raising US$100m for eight years
      68 9 LONDON: The Italian state agency Istltuto Mobiliare Itallano (IMI) is raising US$lOO million for eight yew. Euromarket sources said the credit, lead managed by First Boston (Europe) Ltd and now fully underwritten, carries a spilt margin over six-month London interbank offered rates (Llbor) of
      68 words
    • Article
      Lock icon Credit for Hungarian Nat Bank
      92 9 Reuter THE Hungarian National Bank said it will sign a US$lOO million loan with Arab and Japanese banks as the first of a series of foreign credits it plans to draw this vear. National Bank president Matyas Tlmar said Hungary will be drawing medium-term cash
      Reuter  -  92 words
    • Article
      Lock icon NZ mark Eurobond
      52 9 Reuter FRANKFURT: The planned eight-year Eurobond for New Zealand has been raised to 250 million marks from 200 million following strong demand, lead manager Commerxbank Ag said. Final conditions for the loan, expected to carry a 5.25 per cent coupon, are scheduled to be set on Feb
      Reuter  -  52 words
    • Article
      Lock icon Searle chief has knack of untangling woes
      875 9 NYT NEW YORK: When Donald Rumsfeld, formerly White House Chief of Staff and Secretary of Defence, was job hopping In the Nixon and Ford Administrations, he earned a name for getting himself out of deadend situations. Now, as president of the troubled O.D.
      NYT  -  875 words
    • Article
      Lock icon Toray says deficit due to yen rise
      282 9 ASIAN COMPANIES Reuter TOKYO: Toray Industries Inc said Its consolidated results for the year ending March 31 will be In dericlt due to continued global stagnancy In the synthetic fibre Industry and the yen's sharp appreciation. In the previous year, the company earned
      Reuter  -  282 words
    • Article
      ALLIED PAYOUT
      76 9 ALLIED Investors Corp is paying an interim dividend of HK 25 cents same for the year ending March 31. The company, a Wheelock Marden group unit, said group operating profit In nine months to end 1077 showed a slight Improvement from previous period, after excluding Broflt from liquidation
      76 words
    • Article
      Lock icon Stelux turns in net loss of HK$5m in 1977
      359 9 FT HONOKONO: Stelux Manufacturing Company, the watch-making concern, made a net loss of HK55.35 million in the year to March 31, 1077, compared with a profit of $41-70 million the Kvlous year, but expects current year's results to show a profit.
      FT  -  359 words
    • Article
      Textile Corp loss
      92 9 UNAUDITED consolidated loss incurred by the Textile' Corporation of Hongkong came to HK$3.5l million (prom $5.02 million) for the half-year ended Sept 30, 1077. This loss was Incurred tnspite of a non recurring profit from property sale of $5.81 million. The company said a return to profitability
      92 words
    • Article
      Datsun cars to cost more
      87 9 TOKYO: Nissan Motor said it raised the fob price for DaUun vehicles shipped to the U8 by an average 3 par cent to cover losses following the yen's appreciation against the dollar. The increase, the fifth, since May last year, will be applied retroactively from
      87 words
    • Article
      Japan Steel Works
      47 9 JAPAN Bteel Works, one of the leading Integrated producers and manufacturers of steel In Japan, is to produce lift trucks under the terms of a licensing deal with the British company Lancer-Bross. The deal concerns smaller-capacity lift trucks Of between two and seven tonnes.
      47 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      358 9 from FEDERAL PUBLICATIONS i t Li/VI A M i m i u r> v T i U J 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 make an expert flower arranger of even
      358 words
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  • Article
    Transactions in Singapore
    1165 10 BID and offer prices officially luted and tniatnaaa in and reported to the Stock Kzot Wntapora jeeteraaj with the number of shares traded ahown in bracket* tn lota of 1,000 unita unleat othanrtee specified All Time Settlement Contract* are Sd attar tba word "aett." oard deal (In
    1,165 words
  • Article
    In Kuala Lumpur
    1351 10 BID and offer prices officially Usted 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 MM (144B) Ajtnamata (2.198). Atom (2.708 2.758). A. CRM (1.178)
    1,351 words
  • Article
    Government bonds
    116 10 4 8/4% 1/8/78 (250,000) (100.608 100.708) 5 1/4* 18/18/79 250,000) (101.178 101.268) 6 .3/4% 16/8/88 250,000) (103.60B) 4 3/4% 16/9/88 250,000) (99.508 99.568) 6 3/4% 1/12/88 250,000) (103.70B) 5% T F 16/4/81 (250,000) (101.50B) 6% T F 11/18/81 (250,000) (101.4581 6% T F 1/8/83 260,000) (100.068 100.158) 51/4%
    116 words
  • Article
    Stock options
    186 10 STRIKING price* of the atock options officially Hated on the Stock Exchange of Singapore, the periods, bid and offer prlcea and bualneaa done yesterday, with the number of options traded shown in brackets. Cold Storage (Marcb 11.78) (0.288 9.328). (Juae 91.78) (9.348 0.388). C aad C (Marcb 82.28)
    186 words
  • Article
    Unit trusts
    139 10 HNGAPOBI UNIT TBI JTT INCOME BOND UNIT (MaWn'iriMkrN U) (Cm ibm pd heee) The OoauMnt.. INCOME BOND 1 08 1.M 1.77 1.M The Savtnf Pund 8|pore Prof Pund 1.11 ».»1 l.M O.M MAftA BUMIPUTBA PUND (Maiifin' prices hr P«t Mi 8' 1.01 l.W Second Bumlpu tra ut l.M
    139 words
  • Article
    SHARE INFORMATION SERVICE
    2093 10 Gf* Or*! Nat Hick Law Capv Sals -Mr- CSr (*W) Hi«k Lmm ACTION ONB INDUSTRIALS 194 122 Acma 141 +t 12.ON 1J 1 A a 1JA 55 '5 JiSSfo-c Si UJ a SI 2 a t- U„ u «Ss inc. I 1 s is issssco is 's
    2,093 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      716 10 .'A Mil m m ■M r> m z* i>l i r<i FORUM |J HOTEL 181 Orchard Road, B'pare t. Tel: *****2 406/407 Havelock Road, B'pore 3. Tel: *****1 Experience the unique expression of Tania Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and
      716 words
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  • Article, Illustration
    Industrial blue chips in the spotlight
    740 11 SINGAPORE INDUSTRIAL Mao chips featured in mildly bullish .trading oa Uw Stock Bzchaage of Singapore yeeter*¥ke attcalioa of tkt market wu concentrated mainly in theee shares while second and third liners alee enjoyed good attention bat these were vsty selective. Support for moot of
    740 words
  • Article
    KL opens with fair gains
    434 11 THE Kuala Lumpur stock market yesterday started the Year of the Horse with fair gains written across most of the traded issues in the morning. This good run, however, was not sustained as support weakened visibly in the afternoon session. Speculative third liners which accounted
    434 words
  • COMPANY NEWS
    • Article
      DIVIDENDS ANNOUNCED
      152 11 Cwil Is Data Da** waM* Total far Ike |Mt Tata 1 far IMM J" MM) lBOmC) ■alta WKC) 35* 3 9W Jan 10 Jul 10 Jul FeD 1 Feb IS II 150* M* 50* 3.5* k a m 12 5* Feb3 22 5* OS SX. 0> 95* 46*<n)
      152 words
    • Article
      Pre-tax at Ayer Molek doubles
      563 11 IT WAS another successful year for Malacca-based Slantation company, Ayer lolek Rubber, with profits again showing a noticeable Improvement. For the year to Aug 31, 1077, pre-tax profit almost doubled from $287,450 last time to $553,821 on Just a 37.4 per cent rise In gross
      563 words
    • Article
      COMPANY MEETING
      29 11 THE following company meeting U due Malaysian Tobacco Company Boifcad: Feb 15 at the Rajah Room, Kuala Lumeir Hilton, Jalan Sultan mall, Kuala Lumpur at 11.00 a.m.
      29 words
    • LATEST RESULTS
      • Article
        SOUTH Pacific Textile Industries:
        38 11 Group pre-tax profit $2.89 million ($2.30 million) for the year ended Sept 30, 1977. Sales $31.86 million ($27.86 million). Net profit $2.01 million ($1.65 million). Dividend 10 per cent gross (14 per cent gross).
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    • Article
      Yeo Hiap Seng hit by rising overheads
      1110 11  -  *y MANO SABNANI YEO Hiap Seng may not be able to maintain last year's rate of profitability in the current year. To date, overheads and operating costs have continued to increase and profit margins have been eroded, says chairman Yeo Thlan In in
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    • Article
      Toshiba profits rise
      470 11 IN LINE with the buoyant conditions prevailing in the consumer electronics market across the causeway, Toshiba (Malaysia) has reported higher sales and profit for the first six months of the financial year ending June 30, 1978. Group pre-tax profit rose 24 per cent to M$l.U million on
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      403 11 mciiico '![< lINOAPONI Tanflin Circus, B'pore 10. Tel: *****1 DAMAOA IVhotelA HOTEL ROYAL-RAMADA Newton Rood, S pore 11. Tel: *****1 Kong Hoe Fttt Choy Marco Polo Restaurant Enjoy the art of wining and dining Marco Polo Restaurant Car valets In attendance Golden Mikado For this auspicious occasion, our chef at
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    Lock icon Imports surge in industrial countries
    767 12 AP THE International Monetary Fund (IMF) said Industrial countries' Imports went up by some US$2O btfilon (5846.6 billion) In the first 11 months of last year oompared with 1976, while their exports Increased by nearly $12 billion during the same period. ••The rise in the
    AP  -  767 words
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    BONN REVERSES TRADE DEFICIT WITH OIL STATES
    411 12 WEST Germany has become one of the first Western industrial nations to reverse post oil crisis trends by registering a 1.6 billion marks (551.76 billion) surplus in overall trade with oil exporting nations last year, the Economics Ministry said. West Germany Imports almost
    411 words
  • Article
    Rice export target
    107 12 THAILAND will export about 1.2 million tonnes of rice this year, down from last year's 2.8 million tonnes because of a severe drought. Early this week Thailand signed a contract to sell 50,000 tonnes of rice to Malaysia. The purchase, the second made this year by Malaysia,
    107 words
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    LONDON STOCKS
    676 12 LONDON. Frt. Government bonds ended 1/8 higher tn small activity after being 3/8 point up earlier. Initial gains were reduced after the government broker resumed supplies of the long 'tap' Exchequer stock 10 1/4 per cent to 1995 at 26 3/8 instead 20 1/2 as expected, dealers noted.
    676 words
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    English will be medium of instruction at Nantah
    349 12 IN THE next three to five years, the English language will be the medium of instruction in Nanyang University. Only the Chinese language and literature deportments will tench in Mandarin. This is the inevitable result of the Republic's economic development and the
    349 words
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    Lock icon JAPAN FACES SOME TOUGH BARGAINING
    969 12 Agencies JAPAN Is expected to face hard bargaining by the European Common Market during the Tokyo Round of talks for correcting a trade imbalance now in favour of Japan, government officials said In Tokyo yesterday. The first team of EEC negotiators is headed by Benedict
    Agencies  -  969 words
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    Call to stock up grains
    655 12 THE US would tike Importing and exporting nations to assume more responsibility for building and maintaining reserves of commodities. US Agriculture Secretary Bob Bergland said this at the meeting In Paris of OECD agriculture ministers, adding that nations need to develop mechanisms enabling the world
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      152 12 SEE PAGE 6 ineapore's business world at your fingertips... fin r~ e s K i K 1 >x 1 v <w 'C/, 'O M -'f-l T'V, fO. in V. c V/ 'AS s -Vy> The Straits Times Directory of Singaporel97B more popularly known as the'Buku March', carries more than 27,000
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