The Business Times, 16 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 THURSDAY, FEBRUARY 16, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Study groups
      63 1 Reuter SYDNEY, Wed. The heads of government of 12 Asian and Pacific Commonwealth states have agreed to create study groups to examine trade, terrorism, and international drug trafficking as a result of their regional summit. Details of the three study groups would be given In a communique to
      Reuter  -  63 words
    • Article
      Award for McNamara
      70 1 KUALA LUMPUR, Wed. Malaysia today named World Bank president Robert McNamara as one of the two recipients of the first international awards from the Tun Abdul Razak Foundation. The award of M 530,000 to Mr McNamara was for outstanding services in uplifting the standards of living of
      70 words
    • Article
      Lock icon Hyundai orders
      72 1 Reuter SEOUL, Wed. South Korea's Hyundai Shipbuilding and Heavy Industries will build US$lO4 million (Ss24o million) worth of cargo ships for Kuwait and Ghana by 1979. Hyundai received orders earlier tills month to build four container ships of 19,000 tonnes each for the United Arab Shipping Company of
      Reuter  -  72 words
    • Article
      Lock icon More readers
      55 1 AP TOKYO, Wed. Japanese newspaper circulation stood at 62.2 million copies last year, up 2.5 per cent from 1976, the Japan newspaper publishers and editors association said yesterday. The average Japanese family subscribed to 1,8 dally newspaper, It said. US circulation Is estimated at 89 million and Soviet
      AP  -  55 words
    • Article
      Lock icon Bonn disagrees
      70 1 AP HAMBURG, Wed. Economics Minister Otto Lambsdorff says the United States has overestimated West Germany's ability to serve as an "economic locomotive" to pull Its trading partners out of recession. "We do not believe that It Is possible to Improve decisively or solve the economic or political conditions
      AP  -  70 words
    • Article
      Lock icon Golden opportunity
      71 1 AP BANGKOK, Wed. Chung Si Fu, leader of the Shan United Army, has offered to end opium trade In the notorious 'Golden Triangle" if he receives cooperation from the United States. The Bangkok Post report today said the Rebel army chief fighting for an independent Shan state in
      AP  -  71 words
    • Article
      Lock icon Dow Jones
      88 1 UPI NEW YORK, Wed. Prices went into a taiispln shortly before the close of the first hour of trading on the New York Stock Exchange today. Turnover was moderately active. The major impetus to the slide came from a gloomy news item related to the coal strike. The
      UPI  -  88 words
  • Chief Price Changes
    • Article
      In Singapore on Feb 15
      125 1 Rites Most active Kramat 605 +20 API 459,000 DualopEat 308 +19 Pa hang Cons 234,000 PeUlin* 580 10 F. Merlin 157,000 latraeo T Harbour 211 +9 Sigma Metal 75 OOfl 200 278 +9 B Total Turnover: 2.28 m Shell 215 0 +8 Total Value: $3
      125 words
    • Article, Illustration
      In Kuala Lumpur
      168 1 Rites Kramat 6 25 Dunlop Est 3.16 Dunlop Ind 4.30 Shell 2.20 Bouate ad 2.16 Toshiba 3.62 Rothman 3.74 A.P.I. 1.07 .25 +.14 +.10 .00 .08 .08 +.08 .06 Most active A. PL 502,000 F-MerUn 371,000 Pah. Con. 272,000 Supreme 235,000 Total Turnover: 3.36 m Total Value:
      168 words
  • Article
    Supreme queried on swap deals
    1013 1  -  KLSE ASKS FOR DETAILS By ARTHUR NG DISSATISFIED with the recent reply given by Supreme Corporation on the possibility of Its shares being manipulated, the Kuala Lumpur Stock Exchange has presented a questionnaire to the company with a view to ferreting out more' Information. The
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  • Article
    Lock icon Saudis clamp output ceiling
    194 1 Reuter SAUDI Arabia, the world's largest oil exporter, has Imposed a production limit of 8.5 million barrels a day. The chairman of Exxon Corporation, Mr C.C. Garvin said the limit, two million barrels below the country's maximum potential dally output, applied to production by the Arabian
    Reuter  -  194 words
  • Article, Illustration
    Another boost for aviation centre role
    929 1  -  •y GOH ENG KEE CHANOI International Airport Services, a joint venture cargo handling services company formed by the Port of Singapore Authority and six International airlines, will Initially Invest about $40 million at Changl Airport. The investment Includes a modern cargo terminal costing about
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  • Article
    Furniture and wood products mission to N. America
    334 1 THE Department of Trade is to organise a furniture and wood product mission to North America. It will hold a meeting next week with manufacturers to explain the huge market potential for their products in North America. Coming so soon after a
    334 words
  • Article
    IBS to open first overseas branch
    407 1  -  By JOHN TAN INTERNATIONAL Bank Of Singapore (IBS) will open its first overseas branch In Manila later this month, making It the first one in Asean, other than the Philippines, to enter the new Manila banking centre. The branch will be opened on Feb
    407 words
  • Article
    Steady increase in cargo handled
    108 1 THE POET of Singapore Authority handled some 64.1 million tonnes of cargo last year, a steady 10.5 per cent increase over 1970's The bulk of the increase was In cargo loaded which rose from 20.3 million tonnes in 1076 to 24.3 million tonnes last year.
    108 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      3 1 {~,|_?^?^&-}=(@$>'/(`~@^,%"?]>\ SEE PAGE 3
      3 words
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      Page 1 Advertisements Column 2
      118 1 The MBA" Powerful preprogrammed business and financial functions. Statistics capability and programmability too. five battc preprogrammed financial functions: Number of period. Interest rata parcamaga. Payment amount. Praaant value. Future value. Six advanced preprogrammed financial function*: Nat praaant value. Internal rata of return. Principal ntereat/ apfc. Accumulated intereat. Remaining balance. Days
      118 words
    • Advertisement
      Page 1 Advertisements Column 3
      74 1 OFFSHORE aUbMoa offer* HOW Malaysia* borrowing opportunities galore 1 ooMponiss turn 7 MORE aMpa going into a dmp YBlB rf beeiliwe B> od ta U8 7 APOLLOikaresanclosetoiaLOCAL yard rHnfthaa Papua leatare' heart 11 w CHANGS of tastuns at Fakar SAUDI iadoatrial project will MorUa 11 '0a down la history I
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      Page 1 Advertisements Column 4
      137 1 @\!*,>[%|{;/]$,*:{$:[$@*;}/`-+, dSfcdn BUSINESS QUARTER! The Autumn iuue of the ASEAN Business Quarterly includes a 5-page analysis of ASEAN's urea projects and findrtbese 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 patterns of
      137 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      199 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Feb 13 Administrative liar 31 management YWCA, Marine Parade University of Singapore Feb 17 Community Antenna Television Hyatt IREE 17,18 improving Manager's effectiveness Hilton Consulasla 27,28 Finance for sales and marketing management Hilton Consulasla Mar 1.2 Maximising profitability from major customers
      199 words
    • Article, Illustration
      Opportunities galore at offshore display
      869 2  -  RESPONSE IS OVERWHELMING By TSANG SAU YIN FOR FOUR days next week, one of the biggest trade meeting and exhibition in South-east Asia will be held in Singapore. Already, some of the estimated 7,500 conference delegates, exhibitors and visitors are trickling Into the city. Billed
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    • Article
      Cement joint venture
      131 2 SOUTH Korea's ICC Corporation said it would participate in th# construction of a UBJI2B million (Ss29B million) cement plant In Thailand to be financed by British and French loans. The corporation-will also take part In a Joint venture with Thailand's Bangkok Industrial Service Co. and Thai Sugar
      131 words
    • Article, Illustration
      Visit of United Towing chief
      80 2 MR. ANTHONY Basil Wllbraham (above), chairman and chief executive of United Towing Ltd, arrives in Singapore today for a one-week business visit. During his stay he will have discussions with his agents, Ben Line Steamers and visit the Offshore South-east Asia Exhibition and Conference. Under
      80 words
    • Article
      Lock icon ROYALTY CUT TO CURB TIN SMUGGLING
      248 2 Reuter THAILAND has cut tin royalties In an attempt to encourage the mining Industry and to curb tin ore smuggling, Industry Ministry sources said. The first 3,000 baht value of tin ore per plcul remains exempt from royalty and the 30 per cent royalty
      Reuter  -  248 words
    • Article
      Lock icon Textile firms tie up
      187 2 AFP TEIJIN and Unltika, two major artificial textile makers in Japan, yesterday reached a broad agreement on a tie-up in an effort to tide over the present business slump. A spokesman for Unltika said the agreement was reached In a meeting in Osaka between Teljln president
      AFP  -  187 words
    • Article
      Meat festival at Jasons
      62 2 A 10-DAY meat festival begins today at Jasons Supermarket and highlights Include sampling, cooking demonstrations and giveaways. Mounted by the New Zealand Meat Producers Board, a statutory organisation, the festival aims to help local housewives learn the correct methods of handling and preparing meat, in selecting
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    • Article
      Transpo '78 to stress our pivotal role
      266 2 THE FIRST International transport exhibition here Transpo-Asia *78 to be held at the World Trade Centre Exhibition Complex from Nov 25 to 29, will attract at least 30,000 visitors. Most of them are expected from Asean countries. The Asean dominance Is not surprising
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    • Article
      Risis orchids worth their weight in gold
      255 2 SOLID 24k gold orchids made from fresh flowers will be introduced by Setsco, the company manufacturing Rlsis gold-plated orchids, later this year. Setsco has perfected the process of electro-forming as distinct from electroplating. It involves building up gold on the flower and then
      255 words
    • Article
      Lock icon Tractor-diesel plant in Punjab
      184 2 UPI A BRITISH-Pakistani tractor and diesel engine manufacturing plant will be set up in Punjab province Providing employment for ,400 people. The plant, a Joint venture with Pakistan's Tractor Corp. (51 per cent share) and the British firm, Massey-Ferguson Ltd. (49 per cent), will cover an
      UPI  -  184 words
    • Article
      Trawlers accused
      129 2 TRAWLERS from Peninsular Malaysia are alleged to be using Singapore as a "base" to carry out their illegal operations In Johore waters. These trawlers, mainly from Perak, come from their approved areas of operations under the pretext of having their vessels overhauled at shipyards in Singapore. From Singapore,
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      377 2 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, withered tyrants, opened new worlds, riddled superstition with everlasting truth.
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      626 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 4 Fighting female embracing an artist 7 Person very partial to the pictures (9, 5) A bias not entirely upright ><•) It Foreigners right to interrupt Bess when she's wrong (5) IS Handle alum Incorrectly (4) 14 Ooodbye to the army again L 4 >
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  • OVERSEAS
    • Article
      Europeans act to ward off car threat
      769 3 A MEETING of European automobile manufacturers has agreed on cloeer cooperation to resist increasing competition from Japan and the United States. The meeting was arranged in Belgium by the European Executive Commission and top officials from Volkswagen, Dalmer-Beni, Flat, Peugeot, Citroen and Leyland
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    • Article
      EEC's problem as hard as steel
      707 3 THE EUROPEAN Common Market is facing the task of propping up Western Europe's problem-ridden steel foundries without resorting to protectionism. As a stog-gap measure, the Community has imposed anti-dumping duties on certain steel Imports from nine countries, including Japan and five communist states. But
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    • WORLD IN BRIEF
      • Article
        NOTIFICATION OF MERGERS
        528 3 THE US Federal Trade Commission (FTC) tentatively adopted rules that would make it mandatory to pre-notlfy the agency before finalising an acquisition or merger. The FTC's action was mandated by legislation passed by Congress. The Justice Department, under the legislation, must also establish rules on merger pre-notlflcatlon.
        528 words
    • Article
      Lock icon World wide decline in GNP after 1973
      508 3 AP THE WORLD bank said in Washington on Tuesday that, measured by per capita gross national product (ONP), national product growth declined after 1973 with a recession that bottomed In 1975. The bank said the growth of QNP declined for most countries, with
      AP  -  508 words
    • Article
      Edible oils plant
      54 3 UNITED Molasses Co. Ltd. will construct an edible oils and fats installation at the Port of Liverpool which already Is the UK's principal port for the receipt of these Imports. Most of the vegetable oil handled In 1977 came from Malaysia with lesser volumes from the Pacific
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    • Article
      Lock icon UK suffers $814 m trade deficit
      270 3 AFP BRITAIN'S foreign trade balance showed a deficit of £179 million (*****.5 million) last month for the first time In six months. Government officials openly admitted disappointment with the performance following the string of surpluses. Including one of £74 million In December. They said
      AFP  -  270 words
    • Article
      Lock icon GROWTH DEPRESSANTS
      119 3 Reuter THE COMBINED effects of higher inflation and rising interest rates in the U8 this year will dim economic growth. Merrill Lynch chief economist, Albert Cox, predicts zero growth in the gross national product In the first quarter of next year following a 2 per cent real growth
      Reuter  -  119 words
    • Article
      Lock icon All should pitch in to stabilise wheat
      496 3 Reuter CANADA and the US stressed It was time for wheat producers and consumers to share responsibility for measures aimed at stabilising world prices. Leaders of their delegations at an International wheat conference in Geneva expressed optimism that the talks would come to
      Reuter  -  496 words
    • Article, Illustration
      Lock icon Consensus on new currency measures
      915 3 COUNTERING DISORDERLY MARKETS Agencies US Treasury Secretary Michael Blumenthal said his conference with finance ministers from the five major industrialised nations produced a consensus that additional meant to counter disorderly currency markets are available if necessary. Mr. Blumenthal discussed International economic issues after meeting the
      Agencies  -  915 words
    • Article
      US strikers warned
      528 3 PRESIDENT Carter asked striking United Mine workers and coal company operators on Tuesday to resume negotiations Immediately at the White House and warned that If no settlement results he will "resort to stronger measures". Mr. Carter, in a personal appearance in the White House press room, did
      528 words
    • Article
      No change in Aussie basket
      124 3 THE AUSTRALIAN Treasury Is not planning any changes In the currency basket against which the overall value of the Australian dollar Is measured. "There is nothing before the Treasurer at the moment to change the composition." a Treasury spokesman said In response to a question
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    • Article
      NOT A SIGN OF FALLING INFLATION
      117 3 FAVOURABLE US price developments recently do not necessarily signify that the underlying inflation rate is falling. Cost pressures make it very difficult to reduce the underlying rate, the New York Federal Reserve Bank said in Its quarterly review. It noted that farm and processed
      117 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      125 3 ficm U FURniTURE QUALITY SHELVINGS AND OFFICE EQUIPMENT m JKk m m* %>»& Ml I > ft 1/ r. I a iii OEM pallet racking is especially designed for easy installation and incorporating safety devices for maximum load up to 3000 Kg. OEM open and closed type shelvings provide flexible
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      334 4 THE market closed slightly higher in Singapore yesterday with March One RSS buyers quoted at 202.75 cents per kilo, up 0.75 cent from Tuesday's close. The afternoon session gained further ground on speculative demand coupled with some upcountry buying. Opening prices were unchanged and thereafter
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    • Article
      RAS PRICES
      298 4 R.A.S. Pilca* in centt par kilo yesterday: Noon (per kilo) Cloae (per kilo) Int. 1 R.S.8 prompt l.o.b. Int. 1 R.8.8. March Int. 1 R.8.8. April Int. 2 R.8.8. UK/Cont. Int. 3 R.8.8. UK/Cont. Int. 4 R.8.8. UK/Cont. Int. 5 R.8.8. UK/Cont Buyers 202.00 202.00 203.00 198.00 197.00
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    • Article
      SSR AND SMR
      97 4 NOON SSR and SMR prices yesterday: March Aaril HAS (Cn mat Mth) (Forward Mth) Buys r* Sellers nuperkf) Bayw PS Sellers (ea Imii per kg) SSR 20 (1-ton pallet) 194 00 196.00N 195.00 197.00N SSR 50 (1-ton pallet) 192.00 194.00N 193.00 195.00N MRELB SMRSCV (1-ton pallet) 213.50
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    • Article
      Closing prices
      28 4 Rubber: Feb IS: Singapore February 202.75 centi (up 0.75 cent) Malaysia: March 206.00 cent* (up 1.50 centa) Tin: (1,705 Official offering: 186 tonne* (down 149 tonne*)
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    • Article
      Rice
      138 4 BANGKOK rice prices were quoted as follows yesterday: US dollar* per tonne fob basis Bangkok White Rice unchanged. Parboiled unchanged. Broken unchanged. Looitsain unchanged. Maise 118/119 seller In HONGKONG yesterday, the market was steady, with prices up to two cents higher Turnover totalled 779 tons, comprising Thais 285, Kwangtungs
      138 words
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      Produce exchange
      393 4 PRICES held steady In a generally quiet Singapore produce market yesterday. Dealers reported fresh block inquiries from Europe and the United States for refined deodorised coconut oil. Inquiries for copra also picked up and the countries asking for quotations were India, Pakistan and Bangladesh. Some 400 tonnes of
      393 words
    • Article
      Coffee
      160 4 ROBUSTA futures closed £7 up to £10 down and turnover totalled, 1,556 lots Including six options. Dealers said values fluctuated narrowly during the afternoon with fresh selling interest evident on any rise. In the morning, the market had attracted some follow-through commission house buying and shortcovering from Tuesday's late
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    • Article
      Sugar
      164 4 FUTURES closed on Tuesday in London, £0.10 to £1.10 per tonne up and turnover totalled 1,409 lots Including 25 options. Dealers said values eased during the afternoon in line with a lower New York market until local covering steadied values at the close. In the morning shortcovering in a
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    • Article
      Palm oil
      68 4 C I F. US dollars per ton. LONDON Tuesday Previou* Malaysian 5% f la bulk 517 sir April unq Sumatra 5* ffa bulk Feb MObyr 550 sir March 560 by r 555 qtd April 525/540 pd 525 qtd May 515/522W pd 515 qtd June 505 pd 490 Slr/«as
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      Straits tin
      183 4 THE Straits tin price In Penang gained Mfs to $1,706 per ptcul. Turnover fell to 186 tonnes from 335 tonnes. Despite Tuesday's London weakness, the market recovered in reaction to overnight decline on reduced supplies of tin concentrates rrdm miners. Buying was still noted from all sources especially
      183 words
    • Article
      Cocoa
      168 4 TERMINAL cocoa finished in London yesterday with the first call £2 down to £4.50 up, having traded near March as much as £14 below previous night's on sporadic long liquidation. Dealers said bear sentiment was counter balanced by trade and chart support plus covering against lower sterling. The market
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      Hongkong comex
      358 4 THE sugar market closed easier in dull, featureless trading with losses ranging between US0.07 cents in March and 20 cents in October. Turnover fell to five lots from 22 on Tuesday, while there were 102 open positions. The Hongkong dally spot sugar price fell 0.10 cents to 8.35
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      Soybean
      99 4 FUTURES in Chlcato yesterday staged a late rally to finish the session at or Just below the day's highs with gains of 4-1/2 to 6-3/4 cents a bushel. Traders said the advance was characterised more by a lack of selling than strong buying Interest. Prices firmed early as speculative
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      Wheat
      51 4 FUTURES in' Chicago on Tuesday gave early gains of about one cent to trade 1/2 to 1-1/2 cent a bushel lower after an hour. Speculative support followed the firmness in other pits and export market activity, with exporter buying aiding the Initial advance. The market later weakened under local
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    • Article
      Copper
      238 4 COPPER wlrebars in London finished yesterday morning with losses of mostly £5. Values softened on the early pre-market under modest liquidation prompted by the trend at New York although there was some covering support around £650 for Three Months based on easier sterling against the U8 dollar. A further
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    • Article
      Lead
      99 4 LEAD declined by £3.50 all round in London yesterday. The downturn In copper prompted hedge selling and some chart operations on the pre-market down to 1312 for Three Months, although trade buying In the ring partly reversed the trend. Freer offers of scrap material also aided the early decline.
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      Zinc
      93 4 ZINC eased by £2.50 for cash and £2 for Three Months. This metal showed little change from Tuesday afternoon's late kerb levels with modest two way trading holding Three Months around the £255 level. Sales were only 275 tonnes. Zinc finished £2 per tonne up for cash and £2.50
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    • Article
      Gold
      305 4 THE kllobar in Singapore opened at SI 13,340 and closed at a high of $13,430. In the London market, the metal opened at U*****.30/60 and closed at $178.50/80. The London morning fix: was U8178.55, upsl.ls from the previous. Source: Singmaa Retail prices per tael quoted by the Singapore Chinese
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      Silver
      128 4 SILVER gained 1.1 to 1.3 pence per troy ounce In London yesterday. Despite the lower overnight close a New York, the market was encouraged by strength in gold and the weaker trend in sterling, dealers said. Values edged higher under moderate covering and fresh buying to close at the
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    • MONEY AND EXCHANGES
      • Article
        Singapore market
        507 4 THE forex market yesterday saw some erratic rate movements but the US dollar continued to slide sharply downwards, losing as much as 100 points against the Swiss franc. The dollar, however, appeared to firm up towards closing. Most of the dollar's losses occurred In the late afternoon after
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      • Article
        Minimum lending rates
        52 4 ACBC Algemene Bilk 7 Pkikuk tu Bangkok Bank 7 hsbc Bank of Amarica 7 iadoauas 7% Bank ot China 7 Malayan Banking 7 Bank of Tokyo 1 MiUul Bank Bank Nagara Indonaaia 7*4 OCBC OUB CH Chartarad Bank 7'. UCB Ckaac Manhattan 7 UMBO T DBS 7*
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        Asian $ rates
        155 4 Asian rates ASIAN currency depotit interbank rulm u at cJom on rrb is U8 CM lan(8p«> Offcr BU 7 days 1 mtl> 2 mth» 3 mthJ 6 mtlu 0 mtlu 12 mtlu 11 vie 7/8 .7 vie .79/16 .11/4 ■77/t 57/» e11/16 ev* 7 i/ie 7 7/16 7VB 7V4 Sw.
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        Discount
        46 4 RANOE of |>nc«t offered by discount houjet on l>b IS: Overnight 2-3*% Call deportt 3WH CWai Buvtaa MUm 3-Month Treasury btlli 3-Month Bank Milt 3-Month CD 4-Month CD 1 11/4 3l/» 4 IS/16 4 13/16 »J/1« 5 1/16 59/14 57/14 Source: National Discount Co. Ltd.
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      • Article
        Tokyo
        84 4 THE dollar for overnight delivery closed lower at 240.37 yen. compared with a 240.70 opening and 241.00 at Tuesday's close. Trading was active with volume 9301 million. The dollar for Immediate delivery closed at 240.79, compared with 240.75 at the opening and 241.28 at Tuesday's close. Forward dollar rates
        84 words
      • Article
        Australian/NZ
        52 4 AUBTRALIA/NZ exchanges quotes on Feb 15: AUSTRALIA: US dollar i.IJSS/1.1339 Surttnc 0 SW7/0.1531 Numy-Oajr air mall buytnf ratm Sterling O.M3S US doOan I.IMS Ninety-day forward buying rata* surlinc 0.5676 US dofcn 1.1337 NEW ZEALAND: Sterling 0 3286/0 9396 US dollar 1 0253/1.6193 Ninety-day airmail buying rataa Sterling 6S3OS US
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      • Article
        Treasury bills tender
        40 4 THE MONETARY Authority of Singapore invites banks and discount houses to tender a total of 8120 million 91day Treasury bills to be Issued from Feb 20 to Feb 24. Each tender must not be less than $250,000.
        40 words
      • Article
        London
        231 4 STERLING yesterday opened sharply lower around $1.9271/78 before rallying to 1.9288/95 but remained below 1.9360/70 overnight. Some dealers said they think the Bank of England may be supporting the pound. The dollar also opened easier but recovered to around its overnight level against the mark to slightly below Tuesday's
        231 words
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        New York
        253 4 THE dollar closed on Tuesday marginally stronger against major currencies, apparently aided by New York Federal Reserve Bank Intervention. The Fed appeared to be relatively active, propping the dollar in the morning when the mark threatened to breach the 48 cents level. The mark fluctuated fairly widely, closing
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      • Article
        Hongkong
        119 4 THE US dollar lost ground against the mark on local and European selling in an otherwise quiet market. It weakened to 2.0845/55 marks from 2.0900/10 In New York overnight. The US unit ended slightly above the day's lowest level at 1.9150/80 Swiss francs compared with 1.9190/200 In the US
        119 words
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        Zurich
        64 4 ZURICH exchanges closing quotes on Feb 14: US 1.(165 9180 St« 3 7190 7232 Qui 1 7296 7277 Drak 91.9661 92 06*0 Dfl 85.9231 9287 Pfr 39 9666 6587 Bfr 5.9064 9127 Dkr 33.9493 56*4 Nkr 39 2909 2966 Skr *****8 11H Ut 0 2232 2234 Am «ch 12.9063
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        Frankfurt
        54 4 FRANKFURT exchanges opening quotes on Feb 15: US 2 084 V 96 Can 1.867 V 8700 Ste 4.01 V 029 DPI 93 30/ 90 8 FT 188.7 V 86 Ul 2.423/ 433 F FT 42.80/ 80 N Kr 38.28/ 38 B F (eon) 6.42/ 43 B FT (tin) 6.41/
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        Euro $ rates
        119 4 Euro rates PERIOD eurodollar deposit rates up to 81x Months opened lower in London yesterday due to the Friday start to dealings, while short dates opened little changed. Initial falls In fixed dates ranged from around 5/16 per cent In Two Months to 1/16 per cent In Six Months. Rates
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      • Article
        Eurobonds
        211 4 EUROBOND prlOM quoted on FW> Total OU 8t«0* 04. n.n MM m«iNT M 79 00 JO CourteuMa Bl| MN M 00 M.7S DOtUKM #7.79 MM FlaonaVc 10** 07.. 100.10 101.lt IacoOH 00.17 07.17 IncoOfcM 97.29 0T.7» agju-tankarma 07.19 M.29 Shell into M.02 07.12 SNCrMM tt.lt M.02 DBIHN 00 .79
        211 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      251 4 m m VV% m a m m i a w la /V '/A m i m b i hi fit»! >> 0 itiii n DU fe Hi* l!\t m 41 a MHZ DON'T CROWD ROUND OTHERS, LET OTHERS CROWD ROUND YOU! eP* ft* covo e *4 *v jfl A well-read
      251 words
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  • TRANSPORT
    • Article
      Lock icon Lay-up pace is fast and furious
      615 5 MORE SHIPS IN MOTHBALLS AFP THE CONTINUING depressed state of the London freight market has led to a further Increase of laid-up vessels throughout the world. According to the latest Lloyd's figures, the February total rose to 23.20 million gross tonnes last month. Of
      AFP  -  615 words
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      Lock icon Concorde within noise limits
      121 5 Reuter THE Concorde airliner kept within Kennedy airport's noise levels last month with a consequent drop in the number of complaints by New Yorkers. The US Federal Aviation Administration, in its third report on the supersonic Anglo-French airliner since services to Kennedy began on Nov 22,
      Reuter  -  121 words
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      Lock icon CPA to NZ
      47 5 Reuter CATHAY Pacific, the privately owned Hongkong airline, plans twice weekly services to New Zealand via Port Moresby from October. <- Cathay Pacific managing director Duncan Bluck said: "Governmental air negotiations between the UK government and the New Zealanders commence next week In Wellington. Reuter.
      Reuter  -  47 words
    • Article
      Strath Services
      172 5 THE P and O Strath Services was Incorporated In February this year to manage the commercial business of P and O's general cargo division. Oeneral agents for the shipping line are Straits Shipping. Trade: Straits/ New Zealand. Service: a dry cargo liner service to the main New Zealand
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    • Article
      London freight market
      159 5 MONDAY'S burst of fixing was apparently short-lived as business once again assumed a more subdued appearance on Tuesday. Time charter activity, although meagre, remained the principal feature, but representative rate values were difficult to trace. A 56,824-tonne loader was covered for 21-27 months trading by Pagnan after
      159 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      625 5 ARRIVALS Service Local Operator Number Time From OIA OA980 1030 HLP CPA CX710 1035 HLP SIA SQ209 1045 HLP OIA GA944 1055 PKU OIA OA 908 1100 MES PAL PR501 1125 MNL RBA BI325 1155 BWN OIA OA982 1200 HLP SIA SQ240 1210 MES SAS SK097 1230
      625 words
    • Article
      Lock icon ASEAN SHIPPERS MEET
      94 5 AFP THE Federation of Asean Shippers Councils (FASC) will meet In Bangkok next Feb. 23-25 to draw up a common stand against the alleged arbitrary freight rates imposed by conference liners. FASC secretary-general Vicente Coloso said in Manila the meeting would also discuss means of strengthening the
      AFP  -  94 words
    • Article
      Local yards look to Papua mart
      320 5 PAPUA New Guinea Is potentially a strong market for local shipyards geared to build coastal vessels. Tech-4 Marine, a local yald, can testify to this with a newlywon $1.7 million contract in its bag.' It will build a 45-metre cargo vessel specially designed by
      320 words
    • Article
      Jebsens sets up office here
      254 5 A/S KRISTI AN Jebsens Rederl of Bergen, Norway has opened a representative office here and appointed Bakke Slme Darby Shipping as its general agents for Singapore and Malaysia. Heading the local office. Krlstlan Jebsen Singapore Pte. Ltd., is Mr. Christian Falsen, who will handle cargo
      254 words
    • Article, Illustration
      SHIPS IN PORT
      463 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Chidambaram (1100 after Dona MonUerrat) 42/43 Fujiharu Maru (Tanker P/O) (1100 after Chosel Maru subject gas free) 13/14 Golden Land (after Zoella Lykes) 3/4 Ibarakl Maru (1500) 45 Ibn Abdoun (0600 after Jalayamlnl Zoella Lykes) 1/2 Izumo Maru (JOSS) (after Ratna Manoram)
      463 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      216 5 ingapore's business world at your fingertips... .1 e *M :r 4 4* /fli a. f> Qff Z9u o, v $36 £> i i Or 5/ ><7 Ss, e 'S. V's theStrai Directory of Singapore The Straits Times Directory of Singaporel97B more popularly known as the'Buku Mecah', carries more than 27,000
      216 words
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  • Article
    No joy in rising gold price
    541 6 ABOUT a month ago, Business Times reported that the price of gold could rise to US$2OO an ounce before the year is out. Since that statement in mid-January, the gold market has been consolidating In the $174 to $176 range. Last night, the gold
    541 words
  • Article
    Struggling to keep oil prices up
    304 6 ECONOMICS is a cyclical business and nowhere is this more true, It seems, than In the oU world. Frequently In recent years, Including two months ago Saudi Arabia has struggled to keep the price of oil down In spite of the demands of the
    304 words
  • Article, Illustration
    Lock icon The biggest Saudi Arabian industrial project
    1720 6  -  There is no doubt that the big-time construction action isnow in Saudi Arabia, a once-in-a-lifetime opportunity for Singapore firms but one which has unfortunately been seized more confidently by the West, and by Korean, Taiwanese or Japanese rivals. The country's massive labour requirements one
    NYT  -  1,720 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      553 6 TT r* II sinoapura FORUM HOTEL SM Onhud B'pare t. Tel: WIIJ2 Experience the unique expression of Tania Greet Sound Big Show You'll love the dynamic and versatile Tanla For memorable yeater hits- and today's favourites. Only happens at the Pebble Bar Dally (except Sunday) open till 2.00 a.m. Coffee
      553 words
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      Page 6 Advertisements Column 2
      163 6 H| 9NGAPORE HLTDN 181 Orchard Road, B'pore 9. Tel: *****3 Hin'a Heavenly Cookhouse Hin's Heavenly Cookhouse offers the opportunity to relish the many and varied flavours of Singapore. Exotic Chinese cuisine; spicy Indian curries; delicate Malay and Indonesian foods. all under one roof. During dinner, a troupe of local performers
      163 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      65 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Isolated showers in the late morning. REPORT for 24 hours prior to 7.30 pm on February 15 at the airport. Maximum Temperature 31.7 C Associated Humidity 69 Minimum Temperature 23.6 C Associated Humidity 98 Hours of Sunshine -G«7O Rainfall in
      65 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      258 6 SINGAPORE 5 3.00 PM Opening announcements followed by The Beverly Hillbillies Coming Through The Rye (Repeat) 3.30 Diary Of Events (Chinese) 3.35 Eight Heroes Of Shou Lin (Repeat) 3 4.20 Intermission 6.05 Opening announcements followed by Lassie Goliath 0 6.30 News in Brief 6.35 Warna Warni in Malay (Repeat) 7.05
      258 words
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  • Article, Illustration
    Lock icon Smaller companies playing a bigger role now
    1657 7  -  While Malaysia's non-bank affiliated borrowing companies have increased their share of deposits and loans as against bank-affiliated companies, the latter still command the major portion, about 75 per cent of the business. In terms of earnings, finance companies as a whole performed better
    Source of Bank Data: Consolidated Statements  -  1,657 words
  • Article, Illustration
    STRAWS IN THE WIND
    348 7 THE Australians really shouldn't have that much problem retting their beef past Japan's trade barrier*, despite the row going on now. The people who seem moat in favour of freer beef imports are the Japanese people themselves the sight of Japanese tourists returning home from holidays
    348 words
  • Article
    Lock icon Why business mood in US remains pessimistic
    889 7  -  [FOBDMfiiai •y LEONARD SILK Leonard Silk to a financial commentator of the New York Ttmes. NYT THE GREATEST riddle facing the New York stock market, capital goods industries and Washington policy-makers today concerns why, with the American economy advancing more strongly than others,
    NYT  -  889 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      404 7 fS e.-. wb -V® 5 8 THE ,M HOTEL HOTEL ROYAL-RAMADA Newton Road, S'pore 11. Tel: *****1 We've got it all together Golden Mikado Cantonese Cuisine prepared with Just the right touch by our Master Chef And our speciality Fishheads. Ramada Lounge A drink in hand, soothing music for the
      404 words
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      Page 7 Advertisements Column 2
      13 7 m e *Mt 010 «OK« «mw lo«» L" rii" The Ancestor of Whisky
      13 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      61 7 BriStoW -.fraiikDictens I >joo NoO Bcaupox^ €>*OOfeD- yfOUR STPf* P>T <** wcsfeL RttßOfS VA (\AG€. p "WE. HCKE4. &HCGEDGD ftu\ n>( enffccrfeTtons.... PMD THC STRFp OULOVG TQ r Noo rnOMT Be wreß6s»"ne.D w fcfiQU>S<rtG TURoOGW n*( VtoHOfti SKfHPS. \S M(?ST ifretADP^ nefle:s one of ciak£ "Me IOQkC<MG ti b Guests
      61 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Amsterdam
      180 8 |081 BHD AM: Prices fell on TiHirtT b y ABN, down two. •tflders, HVA 1.80 lower and Bill i 1.30 guilders weaker, Lfluu said. TO M n» Ahold 100.30 ♦0.1 Akao 22.SO -0.1 Alfbank AMEV 335 SO •0.30 -1 Amfu 100 00E 1— Amrot Bank 88.SO -0.1 BSF" Boll
      180 words
    • Article
      Brussels
      105 8 BRUSSELS: The majority of Belgian share prices were lower on Tuesday bourse sources said. FEB 14 Fr* FORWARD MARKET Accc 225 -9 Arbad 2185 50 Astur ♦45 10 Braacan 440 1 Bru-Ljunb 1424 -8 Canpac 490 unch Cock 348 -1 DeB«er» 150 -1 Ebet 2300 unch Elactrobel 6120 -30
      105 words
    • Article
      Frankfurt
      206 8 FRANKFURT: Share prices fell with uncertainty on the foreign exchange markets helping to keep trading thin on Tuesday, dealers said. Losses were mostly limited to around two marks. FEB 14 Dm 4-/-Aef-Telefunkan 92 -04 AJtlC 21 Alls Leben MO 25 Alii Vert 487 -3 BASF 139 -0.7 BtjHT Wbank
      206 words
    • Article
      Paris
      280 8 PARIS: Prices were steady In quiet trading on Tuesday, bourse sources said. FSB 14 Prt CO RJB EI LL£ Alr-Llqulde 238.50 BS NOervals Danone 330.90 C 8 F (Thomsonat) 140 CleFranfcalse des Petroles M SO Compagnle Financier* Compagnle Qenerale 286.50 Credit Fonder De France 280 Hachette (Ubralrlei 127.20 Machine*
      280 words
    • Article
      Zurich
      238 8 ZURICH: The market was active on Tuesday but prices were mixed after recent strength influenced by the fall of the dollar, with gains slightly in the majority, dealers said. Banks closed mixed with Credit Suiaae and Hypo Winterthur actively higher. The Credit Suisse Index fell 0.1 point to 288.8.
      238 words
    • Article
      Toronto
      233 8 TORONTO: Share prices cloeed lower in moderate trading on Tuesday with the composite index off more than three points and declines leading advances 279 to 141. Closing volume totalled 2,806.540 shares, up from 2.799,818 on Monday FEB M CS Abltlbl 10'4 Alcan 25* Algoma 15* unch Bank Mont 18
      233 words
    • Article
      Milan
      112 8 MILAN: Stocks tended lower in moderately active business on Tuesday, bourse sources said. FEB 14 Lire Anlc 129 SO 0.5 Assoc 0»n ***** -380 Bastogi 449 -1 Centrale 38*70 -130 Flat 1900 -27 Flnslder 79 -1 Gen Immob 75 25 -4.75 IFIPrt 2059 -26 Italcementl ***** -80 I la
      112 words
    • Article
      Jo'burg
      330 8 JOHANNESBURG: Gold shares were steady at the day's higher levels in fairly quiet trading following higher bullion indicators on Tuesday, dealers said. Financial minings were higher in line with producers in quiet trading. FEB 14 Rand INDUSTRIALS A Alpha Abercom AE And CI AMIC Barlows Cg Sugar CNA Currte
      330 words
    • Article
      New York
      1329 8 NEW YORK. The stock market, confronted by forecasts of an economic slump later this year, the ongoing fall of the dollar and the impact of the US coal strike on the economy, fell sharply across the board in active trading on Tuesday. Better than expected US weekly retail
      1,329 words
    • Article
      Tokyo
      573 8 TOKYO: The Nikkei Dow Jones average declined yesterday due to strengthening of the yen and a high level of mantln debt. The market opened bearish with light electrical* leading the way. Issues which went against the trend included electric cables, plant engineering and some machineries. However, electrical and construction
      573 words
    • Article
      Hongkong
      344 8 HONOKONO: The stock market closed lower in small volume yesterday, depressed by overnight setbacks on both Wall Street and In London. Investors are also holding back ahead of the company reporting season, they said. Hong Kong Bank lost a further 30 cents to HK818.90. making a total 50 cent
      344 words
    • Article
      Manila
      168 8 MANILA: The stock marked" closed mixed yesterday, commercial avenges posilaC sly trains while minings a^Sa Turnover fell to 1.49 mllltaam pesos from yesterday's million. PLOT rose one point whW other commercial Issues either unchanged or had slight gains. Atlas and Lspaali lost Are and one points respectively while other
      168 words
    • Article
      Bangkok
      147 8 FEB It Bahts Asia Fibre 290 -7 Bangkok Bank 408 unch Bangkok Invest. 424 -4 Bangkok-Metro-politan Bank 3870 -80 Bata 830 unch Bern Jucker 528 CarpetIntnl CharoongThal Wire 464 Dumex Ousit Thani 383 -4 Faber Merlin First Trust Genera Finance 400 -7 Into- Thai Industrial Finance Corp 3015 ■nch
      147 words
    • Article
      Indices
      65 8 FINANCIAL TIMES INDUSTRIALS Tuesday 459.7 Monday 469 9 Week Ago 463 7 DOW JONES AVERAGE INDUSTRIALS Tuesday 765.16 Monday 774.43 Week Ago 778.85 LONDON DOLLAR PREMIUM Tuesday 79 S to 80 Monday 79* to 79S H.K. HANG SENG Tuesday 409 58 Monday 411.08 Week Ago closed SYDNEY INDUSTRIALS Tuesday
      65 words
    • Article
      Sydney
      337 8 SYDNEY: The stock market closed weaker In moderate trading yesterday.. BHP fell 10 cents to A 85.44 while the Bank of N»w eased two to 15.36. ANZ eased three to 53.32 mainly on London selling In generally weaker Banks. Brewers eased one cent to 82.80 and ICI shed two
      337 words
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Toyota sees profit rise of 7.5 pc
      200 8 ASIAN COMPANIES UPI TOKYO: Toyota Motor Co. netted US$232 million In after-tax Income In the half-year business term that ended last December, up 7.5 per cent over the same period of the previous year, the company announced. Sales In the first half of
      UPI  -  200 words
    • Article
      Firm seeks stake in WMC
      177 8 SYDNEY: Urangesellschaft MBH und Co ICO has held discussions with Western Mining Corp (WMC) and the Australian government on securing a stake in WMC's Yeellrrle uranium deposit In Western Australia, WMC's fuel and energy minerals general .manager E.D.J. Stewart said. Mr Stewart, speaking from Melbourne,
      177 words
    • Article
      Sales up at ICI Australia
      93 8 MELBOURNE: ICI Australia increased sales by 6.5 per cent to Asl9l million in the first quarter of its current trading year, chairman D.R. Zelder told the annual meeting for its last year ended Sept 30. 1977. However, the Victorian power dispute, the Australian drought and
      93 words
    • Article
      HIL buys shares
      65 8 HONGKONG: Hutchison International Ltd (HIL) has acquired 10.51 million shares In Mohan's Property and Investment Co from D.S. Mohan and Obi Mohan, HIL chief executive and deputy chairman Bill Wyllle said In a statement. As a result of additional purchases of shares by private treaty, Mohan Is
      65 words
    • Article
      TEP ISSUE
      53 8 TOKYO Electric Power Co said It has decided to Increase Its capital to 510 billion yen from 408.9 billion with rights to shareholders as of March 31 on a one-for-flve Issue at par of 50 yen. It will also offer about 38.5 million stocks for public at market
      53 words
    • Article
      Kowloon Electricity credit
      217 8 J. HENRY Schroder Wagg said it is lead managing what It believes is the largest-ever foreign currency credit backed by Britain's Export Credits Guarantee- Department (ECOp) between US$35O- million for the Kowloon Electricity Supply Co. The credit, due to De signed by March 31, has been syndicated
      217 words
    • Article
      Lock icon Financial General trading suspended
      425 8 -NORTH AMERICAN COMPANIES AP WASHINGTON: The Securities and Exchange Commission suspended trading on Monday in shares of a Washington-based bank holding company that Is rumoured to be the target of a takeover try by foreign Investors. The Federal Reserve Board also said it is probing the
      AP  -  425 words
    • Article
      Lock icon AMC denies Mideast report
      161 8 UPI AMERICAN Motor. Corp. appears to be actively looking for Arab capital, the Mideast Report said this week. Publisher David Misrahi said Frank S. Hedge, AMC's vice president for public relations, had denied the reports and bad pointed out that the company actually is on the
      UPI  -  161 words
    • Article
      Lock icon Close Encounters highly profitable
      168 8 Reuter THE film "Close Encounters of the Third Kind," about visitors to earth from outer space, helped send Columbia Pictures Industries' profits rocketing upward In the last quarter of 1977, the company said. Columbia said its profits for the last three months of the year, which
      Reuter  -  168 words
    • Article
      GM may close plants
      162 8 GENERAL Motors Corp said it is facing potentially serious curtailment of 1U operations due to the inability of some electric utility companies to provide sufficient electric power as a result of the coal strike. OM said based on the latest assessment of the situation, it expects
      162 words
    • Article
      Mercedes N.A. rise
      63 8 MERCEDES-BENZ of North America announced it Is raising prices on IU cars by three per cent for cart Imported as from Monday to take account of the higher value of the German mark against the dollar. Cars already In the U8 will not be affected by the
      63 words
    • Article
      EXXON
      32 8 EXXON Corp senior vice president and director Jack Bennett said he does not anticipate any borrowing by the parent company to help fund its US$24 billion 1978 to 1981 investment programme.
      32 words
    • Article
      3M dividend
      33 8 MINNESOTA Mining and Manufacturing Co said directors raised the quarterly dividend to US 50 cents a share from 42H cents payable on March 12, to shareholders of record on Feb 24.
      33 words
    • Article
      Polaroid
      19 8 POLAROID Corp said It will begin next month national marketing of Fto la vision, its Instant movie system.
      19 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      117 8 o* c ■gfes^ study with W>lsey Hall OXFORD Institute of Administrative Management Institute of Bankers ln>t of Chartered Secretaries Administrators Ins: of Statistic ans London Chamber of Commerce Industry HSC GCE A Level MCE SCGCE O Level London AEB GCE A O Level Modern Mathematics for Teachers Foulks Lvnch LONDON
      117 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      737 9 I i i i is* V: MS# h seg y > m m mm >-. c 1 mm •f sw *.*> hs2»jffcs *">• y\ mm i'' "S5O ':1\ V* e« vrr "Putting Business Times to bed each night is a race against the clock. k Cool heads and Ilk sham
      737 words
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  • Article
    Transactions in Singapore.
    1245 10 BID and offer prices officially _-hated and business in and -fft>orUd to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,660 units unleas otherwise specified. All Time Settlement Contracts are quoted after the world "sett?" Big Board
    1,245 words
  • Article
    Corporate bonds
    211 10 Australian DBS 1/4* 1682 i lOO,000) (M*B 99*8) I O T 8 1/2* 1681 (IM.OM) ilol*B 101*8) I O T 7 5/8% 1684 (IM.OM) (96*8 96*8) B O T Floating 1984 (IM.OM) (98*B 99*8) LTCB J 1662 (100,000)(99HB 100 MS) Credit Lyoanais Floating 1908 (IM.OM) (M*B 99(48) C
    211 words
  • Article
    Government bonds
    144 10 Bjore D Mark 7% 1962 (IOO.OM) (103 MB I04M8) Rep Spore 6 1/2% 1988 (100.0 M) (102 SB 103*8) Ren Spore 7 3/4% 1987 (100,000) (M*B 96*8) 4 3/4% 1/5/79 (250,000) (IM.MB 1M.675) 8 1/4% 15/16/79 250,000) (101.158 101.228) 6 3/4% 15/6/86 (250,000) (103.MB) 4 3/4% 16/9/86 (250.000)
    144 words
  • Article
    Unit trusts
    141 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Malayan' prieee for Feb 10) The Commerce 1.78 1.80 The Saving Fund l.H i ll 8'pore Pro« Pund 0.83 O.M S pore Security Fund l.M 1.74 8 pore Invest Pund 104 1.10 ASIA UNIT TRUST (Muam' ((ten fcr M 14) Mai Invest
    141 words
  • Article
    Stock options
    385 10 BTRIKINO prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. Cold Storage (March 81.7 V) (0.288 4.318) (June 81.76) (5.128 4J78) C aad C (Marck
    385 words
  • Article
    In Kuala Lumpur
    1151 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets m lots of 1,000 units unless otherwise specified. INOW6THIAL6 Aama (IMB 1.666). Aleeni (2.708 2.726) (1) 3.71 (1) 2.72. A.
    1,151 words
  • Article
    SHARE INFORMATION SERVICE
    2352 10 i«n/i«n HiCk Low Last ■ale ♦ee^ ncn Of* Dfcr run nw Dtw On Or** Y*M Nat P/E Vai (•000* Day Lear 196 aoo u» MO w 211 100 201 422 140 132 106 68 212 67* 166 144 182 360 91 Ac ma Alcorn Allied Choc Bat*
    2,352 words
  • Article
    CHICAGO BOARD OPTIONS
    1532 10 February 14 TRADING on the Chicago Board Options Exchange came to 78,674 contracts compared with 84,169 on Monday. OPTION APL JLY OCT STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Til AUR AUR AUR Avon Avon-P Avon Avon-P Aran Avon-P 40 46 SO 00 S6
    1,532 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      170 10 COLLCCTINQ Oriental Antoiej by Judith Moorhouse and Dries Blitz ra I w CM STA\ 0 a y J Hamlyn Group, London. Oriental antiques have always fascinated collectors hroughout the world, evoking as they do the exotic and Inscrutable East. It is, however, widely believed that they are too expensive for
      170 words
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  • Article, Illustration
    Prices lower generally
    528 11 SINGAPORE THE Siaguyo™ atoch tko««ntoatef doaosntrating am «Jrw ihtrw TW Aim roee by u ■rack as 10 pot ont white many counters foil frutonally. Ob mlibci, outuabmd *<Itucm SI to XI en the industrial beard. Stale ball liquidation tad light profit-taking w«rc the two mala reaioai for
    528 words
  • Article
    KL ends mixed
    532 11 SPECULATIVE Interest in selected lower-liners kept the Kuala Lumpur stock market fairly active yesterday with prices closing on a mixed note. Although there were still profit-takers around, demand was fairly strong in a number of industrial second liners as well as in the better class stocks. Bullish
    532 words
  • COMPANY NEWS
    • Article, Illustration
      Apollo falls in favour with investors
      1226 11  -  By CHAN BONG SOO A RELATIVE newcomer to the Stock Exchange of Singapore (SES), Apollo Hotel, has made its mark on local investors. For, interrupted only by minor corrections, the share has risen from one peak to another since it started the climb last
      1,226 words
    • Article
      Sale may mean board war
      121 11 THE proposed sale by Sungala Rubber Estates of its Malaysian rubber plantation is likely to lead to a boardroom explosion. A minority shareholder, challenging the intention of the board to sell the plantation for M 53.6 million, has called on the board to look for
      121 words
    • Article
      Faber turns in $2.34 m profit at half-time
      877 11 HOTEL and property group, Faber Merlin, has emerged from the trough of losses into which It fell In the second part of the last financial year with group froflt for the su months to he end of December amounting to $2.34 million
      877 words
    • Article
      NST at $5.10
      36 11 IN YESTERDAY'S report on New Straits Times, the price was shown as $1.72 with the P/E at 13. The correct price should have been $5.10 and the P/E 17.1. The error is regretted.
      36 words
    • Article
      DIVIDENDS ANNOUNCED
      188 11 Curremt Ex Date Total for Total for payment D«i« payable the year ptoitom yea* MTC 35* Jan 1 Feb 16 50% 50* Temerloh 3 5*1 Feb 1 Feb 22 3.5* 11.5* Peril* Plantations 12.5* Feb 3 Feb 23 22.5* 10* C. ili onrirteo 5*(b) Jan 30 Feb 28
      188 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      322 11 Slow boat 7 i from China CHINA TRADE QUARTERLY BT Far East Publication* «j 1913, Hangiung Cantra, Patarton Straat, Causaway Bay, Hong Kong. |Plaa>a antar my full subscription to CMna Trad* Quartarty. lam anclocing a chaqua/monay ordar for US$2OO.OO or aquivalant in othar currancias. I IPtaaaa forward issua(s) of China
      322 words
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  • Article
    Lock icon US dollar slips on European forex
    204 12 UPI U8 dollar slipped again on moat European exchanges yesterday as financial experts studied the US West German dispute on relfitytlon. They predicted further pressure on the dollar. Gold rose another U8f1.75 to $178,875 In early aiding in London yesterday. reaching its highest level
    UPI  -  204 words
  • Article
    Lock icon Japan to help market EEC farm produce
    630 12 UPI EUROPEAN Common Market and Japanese negotiators in Tokyo reached agreement to aet up a joint panel to help market European dairy and processed farm products in Japan. But the two sides failed to narrow their gap over other subjects including stepped up
    UPI  -  630 words
  • Article
    Lock icon Foreign firms to sink $530 m in oil hunt
    185 12 UPI FOREIGN investment In Indonesia's oil exploration mostly American will total an estimated USS23O million (***** million) this year, 57 per cent more than to 1977. Announcing this, the National Development Information Office said Indonesia's oil production, however, was expected to
    UPI  -  185 words
  • Article
    Lock icon Gulf meet
    38 12 AFP MONETARY officials from six Gulf countries yesterday started a two-day meeting to Abu Dhabi. The depreciation of the dollar and its effect on Gulf economies Is expected to be a key topic at the meeting.
    AFP  -  38 words
  • Article
    Lock icon Fukuda urges US to cut oil imports
    418 12 UPI PRIME Minister Takeo Fukuda, calling 1978 a year of economics and diplomacy, yesterday called on the US to cut Its oil Imports from West Asia to maintain the value of the dollar so that the world economy will be stabilised. Mr. Fukuda,
    UPI  -  418 words
  • Article
    GOLD HOARDERS KEEP OUT
    664 12 HONGKONG'S gold bullion Imports and re-exports fell sharply last year as the gold prlee rose, discouraging hoarders In the Par East and the local premium over European markets was reduced. Bullion imports (ell to 915,000 ounces last year from 3.72 million In 1970, but were above
    664 words
  • Article
    LONDON STOCKS
    790 12 LONDON. Wed. Government bonds closed up to lower while eqoitles lost up to lOp as the market continued to react to the 179 million UK January current aTxdunt deficit, dealers said, and at 3 p.m. the Financial Times Index was down 7.5 at 432.2. uonds were marked down
    790 words
  • Article
    Merger date for Hongkong stock markets
    155 12 THE working party of the four stock exchanges in Hongkong has agreed to effect their merger by January 1960. Financial secretary Philip Haddon-Cave told the Legislative Council that the Kowloon and Far East Exchanges and the Hongkong and Kam Ngan Exchanges are discussing proposals
    155 words
  • Article
    NZ eases restrictions
    56 12 PRIME Minister Robert Muldoon announced the relaxation of lending restrictions on trading banks, finance companies and trustee savings banks. Mr. Muldoon, who Is also Finance Minister, said compulsory Investment in government securities has been relaxed so as to enable finance companies to lend a further NZ$l5 million
    56 words
  • Article
    KL credit insurance will boost exports
    479 12  -  »r V.K. CHIN MALAYSIA'S propo—d nport credit Insurance scheme should help boost exports since it will enable producers and exporters to venture into new markets and new lines of export with greater confidence Exporters could also open up new business connections with non-traditional buyers
    479 words
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      Page 12 Advertisements Column 1
      49 12 SEE PAGE 3 EUROPEAN INTERNATIONAL Money Broking Institution with world-wide reputation specializing In interbank Eurocurrency deposits desires to strengthen REPREBENTATATION IN SINGAPORE with established local company having home based and Pacific area interests in connected field. Reply Barinw Time* Box No. 5246, limes House, River Valley Rood, Singapore 9.
      49 words
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      Page 12 Advertisements Column 2
      2 12 SEE PAGE
      2 words
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      Page 12 Advertisements Column 3
      370 12 v\ FROM FEDERAL PUBLICATIONS L I If £r%\ |h| M 11# m inn #IN J3\ I M 11,1 #m;! WW r.v\ ■till W v m II lib?# a step-by-step guide An easy to understand vet f uliy rewarding book on flower arrangement Floral Creations, with >ts unusually lucid text and
      370 words