The Business Times, 4 March 1978

Microfilm: NL9627
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, MARCH 4, 1978 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Third Yaohan store
      48 1 Reuter TOKYO, Frl Japan's Yaohan Department Store plans to open a store In Singapore, Its third on the Island, In March next year with about 20 per cent of Its estimated 3.0 billion yen (8134.5 million) forecast annual sales accounted for by Japanese goods. Reuter.
      Reuter  -  48 words
    • Article
      No to Concorde
      31 1 NEW DELHI, Frl India announced today It will not permit the Concorde Jetliner to overfly Indian territory because the supersonic aircraft presents a possible threat to the environment.
      31 words
    • Article
      Lock icon ...hope in W. Asia
      78 1 Reuter LONDON, Frl A consortium of West Asian airlines Is considering leasing Anglo-French supersonic Concordes to fly between Beirut and New York, a spokesman for Middle East Airlines (MEA) said here today MEA had begun Informal talks with the Saudi Arabian Airline, Oulf Air, Kuwait Airways,
      Reuter  -  78 words
    • Article
      Lock icon Thailand's concern
      70 1 Reuter BANGKOK, Frl Thailand has to take measures to slow down the fall In Its International reserves following .Its first US$35O million (SsBos million) balance of payments deficit last year, Deputy Premier Sunthorn Hongladarom said Mr Sunthorn, who Is In charge of the government's economic ministries, noted Thailand
      Reuter  -  70 words
    • Article
      Lock icon Burst of activity
      64 1 UPI HONGKONG, Frl The Hongkong stock market burst Into life today as Investors returned In large numbers In a delayed reaction to the Hongkong budget proposals and good corporate results Share prices opened strong and surged ahead as buying support Increased Buying orders continued to rush in
      UPI  -  64 words
    • Article
      Lock icon Bigger deficit
      52 1 Reuter WASHINGTON, Frl. America's monthly trade deficit with the rest of the world increased in January to nearly US$2.4 billion (555.5 billion) compared with $2.12 billion in December. The Commerce Department said exports fell to $10.01 billion from $11.01 billion in December. Imports dropped to $12.39 billion from
      Reuter  -  52 words
    • Article
      Lock icon Harun seeks pardon
      40 1 Reuter KUALA LUMPUR, Fri Former Selangor state Chief Minister, Datuk Harun Idris, convicted on corruption and forgery charges, has asked for a royal pardon, Law Minister and Attorney General, Datuk Hamzah Abu Samah said here today Reuter
      Reuter  -  40 words
    • Article
      Cuppa price stays
      47 1 THE Coffee Shop Associations has refused to reduce the price of a cup of coffee by 5 cents after a meeting with the Department of Trade and Consumers Association of Singapore representatives They claimed that price of raw materials have not gone down substantially
      47 words
    • Article
      Lock icon Dow Jones
      54 1 UPI NEW YORK, Fri A recovery of the dollar on foreign exchanges today carried stock prices higher In light trading. The Dow Jones industrial average was ahead 1.21 to 747.66 shortly before 11 am. Advances held a two-to-one lead over declines, 608 to 301, among the 1,382 Issues
      UPI  -  54 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      117 1 Rites Lira Ho* 189 +10 Dutch Baby 145 10 Tgmau Dn 130 +10 Cold Stone* 204 +7 Nuyuf Prm TraaohMiMO 206 500 +6 +5 Potelia< 505 +5 UIC 250 +5 9ya Rosin* 95 +5 Foils H KLand 340 -58 Apollo 178 -5 Sopraso Corps 276 -4 faMMOOpO
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    • Article, Illustration
      In Kuala Lumpur
      184 1 Rises T'ganudev 1.32 +.10 Perils 1.87 +.10 N.8.T. 5.29 +.10 Syn Resins 0.96 +.08 Lien Hoe l.M +.06 Intraco 2.12 .06 Cold Storage 2.10 +.07 Dutch Baby 1.42 +.06 Utd.Mal S.l« +.06 Prima 2.90 +.09 Foils K| Lanjut 1.90 -.10 O.C.B.C. 9.96 -.09 Kramat 6.00 -.09 F.
      184 words
  • Article
    Inflows keep us in the black
    904 1  -  TOURISM EARNINGS STRONG By SOH TIANG KENG SINGAPORE continues to enjoy Its International status as a creditor nation. Despite the slowdown In world economic growth and trade last year, its balance of payments put up another respectable performance by notching an overall surplus of
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  • Article
    MONEY SUPPLY
    170 1 MONEY supply (Ml) recorded an annual growth rate of 12.7 per cent In January compared with 10.4 per cent In the corresponding period In 1977. Seasonally adjusted, the rate of growth was lower at 11.4 per cent. These were the monetary and financial observations of the Monetary Authority
    170 words
  • Article
    Yards hold out hope for rig orders
    678 1  -  •y TERESA LIM CHINA will again provide a market for the local offshore oil Industry. Though the development of the Chinese market will assume a greater tempo In the future, results will not, as-one rig-builder puts it, be startling. This was the shipbuilders'
    678 words
  • Article
    Lock icon Oil states thinking hard about dropping the dollar
    299 1 Reuter SEVERAL oil-exporting nations are seriously considering abandoning the US dollar as a price-fixing currency for petroleum, Opec diplomat* in Vienna said on Thursday. The 13 members of Opec have lost millions of dollars daily in recent months because of the steadily
    Reuter  -  299 words
  • Article
    Insurance urged to retain more business
    538 1  -  By TSANG SAU YIN THOUGH there has been significant growth in Insurance business In Singapore, domestic companies tend to turn Increasingly to foreign reinsurance support. Speaking at the annual dinner of the General Insurance Association of Singapore last night, Mr. Goh Chok Tong, Senior
    538 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      26 1 LANIER COURIER the perfect secretary.... 5" high 2Va" wide works 24 hours a day MHV and never grumbles Sale Agant DON RAT, W*****8/53T163 SEE PAGE 8
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    • Advertisement
      Page 1 Advertisements Column 2
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      101 words
    • Advertisement
      Page 1 Advertisements Column 3
      29 1 BEE BACK PAGE, COL 2 n a: MEM OP AD 2. CROSSWORDS S, AIRCRAFT SCHEDULE ft, WEATHER C, TV Jt RADIO I, BRISTOW 7, STRAWS IN THE WIND 7.
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    • Advertisement
      Page 1 Advertisements Column 4
      140 1 SINGAPORE BUSINESS flSEani BUSINESS QUdRTERI t 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
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      230 2 DATE TITLE COURSES AND TALES LOCATION ORGANISER Feb 13 Administrative Mar 31 management Mar 4 It 11 Business strategy: Formulation and Implementation Mar 4 11 Telephone Techniques and Courtesies Mar 5-11 3rd Asian Congress of Secretaries Mar 6 7 Marketing Strategy for Top Executives Uir YWCA, Marine Parade
      230 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      142 2 THE CHASE Manhattan Bank, NA recently Emoted Mr. Yap Chuan to assistant treasurer and assistant manager commercial accounts. Mr. Yap joined Chase In February 1974. He holds a Bachelor of Science (Hons) degree and has also completed the professional examination of the Institute of Cost and Management
      142 words
    • Article
      Joint promotion of tourism is beneficial
      779 2  -  By PETER CHIA SINGAPORE and Malaysia should cooperate to attract more tourists to the region, and grab an increasing share of the growing market. Enclk Kip Bahadun, director general of the Malaysian Association of Tours and Travel Agents (Matta), said yesterday that those countries
      779 words
    • Article
      New firm to handle Haw Par lines
      88 2 THE Haw Par group has set up a new company, Scott and English Trading Private Ltd, which will handle all Its major International products like Kenwood home appliances, watches, cameras and business machines. Scott and English will take over the dealerships of Malayan
      88 words
    • Article
      Banker due here
      50 2 THE vice-president of Chemical Bank's foreign exchange advisory service, Mr. Alan Teck, will be in Singapore from March 7 to 11. This will be Mr. Teck's first visit to Asia. He Is responsible for Chemical Bank's multinational financial management E roups in New York, Dndon and Brussels.
      50 words
    • Article
      FIDA all set to 'sell' Malaysia
      392 2 THE Federal Industrial Development Authority (FIDA) has finalised plans to take full advantage of the opportunity to "sell" Malaysia at the Asean-West Asia Investment Conference beginning at the Kuala Lumpur Hilton on March 9. The conference has drawn participants from Kuwait, Saudi Arabia, Hongkong
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    • Article
      Lock icon YEAR OF THE PONY FOR SOUTH KOREA
      417 2 AFP SOUTH Korea Is on the point of Invading the European motor market with an economy-type car whose stylish coachwork Is designed by Italy's Oiorgetto Olurglaro. Known as the Pony, the model is manufactured by the Hyundai factories In Ulsan and meets the
      AFP  -  417 words
    • Article
      Lock icon Getting a slice of the cake
      320 2 AFP THE fast growing Japanese consumer finance Industry faces fierce International competition, with another American company beginning operations next month. The president of Hawaii Thrift and Loan Inc., Mr. Edward Y. Matsumoto, announced that it has set up a wholly owned subsidiary in Tokyo
      AFP  -  320 words
    • Article, Illustration
      More speed, less work with this microfilmer
      602 2 LOCAL banks with a large deposit base and a constant Inflow of documents will find relief in the development of a new mlcrofllmer by Kodak. The high-speed Recordak Reliant 750 mlcrofllmer was recently introduced by Kodak In Singapore and a leading local bank
      602 words
    • Article
      KL welcomes move on rubber price
      477 2 MALAYSIA welcomes the move by natural rubber consumers attending the third preparatory meeting on the commodity in Geneva to enter into negotiations for a natural rubber price stabilisation agreement. Commenting on the good news, Datuk Amar Talb Mahmud, the Primary Industries Minister said in
      477 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      191 2 Where the Action is... Situated in Orchard Road-the centre of tourist shopping and hotel hub in Singapore mf HoM» Goodwood Park Hotel Holiday Inn J Shangri-la Hotel Ladyhih Hotel Marco Poto Hotel t Hotel Malaysia m Oberoi Imperial Hote< Cockpit Hotel Hotel Phoenix Ming Court Hotel Singapura Forum Hotel The
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      589 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 String I vent to knot (5) 8 Orass to sit on (5) 0 Airman of eminence on a Roman road (7) 10 Btony lot of spectator* (5) 11 About to return a sum to Uncle (5) 12 Exert medium stress? (5) 13 A handy
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  • OVERSEAS
    • Article
      Lock icon Swiss moves should calm the franc
      603 3 Reuter UNION Bank of Switzerland foreign exchange manager Robert Studer said that the latest Swiss measures to combat the rise of the franc should stabilise the currency's exchange rate or weaken It slightly. He said on Thursday In Zurich the bank considers the ban
      Reuter  -  603 words
    • Article
      Proposed plan for NY City's rescue
      299 3 PRESIDENT Carter proposed what he called a very reasonable and very adequate rescue plan for New York City on Thursday calling for federal guarantees of up to US$2 billion (554.6 ;billion) In long-term bonds. The federal guarantees, designed to end the city's long fiscal
      299 words
    • Article
      Lock icon Taxing problem for Congress
      506 3 NYT THE US Senate Finance Committee recommended on Thursday that Congress consider cutting taxes this year by up to US$35 billion (5580.5 billion), or $10 billion more than the cut proposed by President Carter. The committee decided by voice vote to give this advice to the
      NYT  -  506 words
    • Article
      Lock icon Commodities under one roof plan
      320 3 Reuter BRITISH Foreign Secretary David Owen Is carefully examining a plan to house all the world commodity groups In London In a single International commodity centre. The proposal, together with a suggested possible site, was put to Dr. Owen on Thursday by a delegation of
      Reuter  -  320 words
    • WORLD IN BRIEF
      • Article
        Lock icon BONN WON`T DO IT
        587 3 Agencies WEST German Economics Minister, Otto Lambsdorff said people who want politically secure conditions in Germany and Europe should not recommend Germany take an inflationary policy. He wrote in a New York Times article that while Germany would like higher real economic growth than the 3.5
        Agencies  -  587 words
    • Article
      Lock icon Strike pushes up residual fuel demand
      289 3 AP THE prolonged US coal strike has led to sharp increase in the demand for ftiel oil and much of it is being imported, adding to the US balancc-of-payment and foreign-exchange problems. The oil industry U producing and importing daily more than 250,000 extra
      AP  -  289 words
    • Article
      Lock icon Industrial world imports rise to $148b
      161 3 Reuter THE industrialised world's imports rose to U5564.71 billion (*****.83 billion) in December from $60.74 billion in November. Statistics published by the International Monetary Fund show that US Imports Jumped to $14.2 billion In December from $12.57 billion In November, while West German Imports
      Reuter  -  161 words
    • Article
      Lock icon Vance supports Humphrey plan
      394 3 UPI Reuter US SECRETARY of State Cyrus Vance supports a Blan by the late Senator [übert Humphrey to streamline the US foreign aid programme and the anticipated Increases In that programme through 1982. "We share with you the goal of a more streamlined, coherent and efficient
      UPI; Reuter  -  394 words
    • Article
      Lock icon Exchange controls won't help dollar
      1220 3 BETTER TO ATTRACT CAPITAL Reuter US EXCHANGE controls would be inappropriate to support the dollar, US Treasury former Undersecretary Robert Roosa said. The most useful thing the US can do Is attract an Inflow of long-term capital as a partial offset of the current account
      Reuter  -  1,220 words
    • Article
      Weak $ no deterrent
      235 3 Weak no deterrent A RECORD rise in marketable US Treasury securities held by New York Federal Reserve Bank for foreign accounts should help allay bond market concern foreigners would curb their purchases due to the continued dollar weakness. The Fed said in New York on Thursday holdings of marketable securities
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  • Page 3 Advertisements
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      409 4 THE Singapore market closed slightly higher with March One RBB buyers quoted at 205.50 cents per kilo yesterday up 1.50 cents from Thursday's close. Prices rose further In the afternoon session on upcountry buying, weekend short-covering and forward demand. The morning market closed slightly higher
      409 words
    • Article
      RAS PRICES
      331 4 Prices in cents per kilo yesterday: Noon Cl< Me (per kilo) (per kilo) Int. 1 R.S.S prompt f o b. Buyers Sellers Buyers Sellers 205.50 206.00N 205.50 206. OON Int 1 R.S.S. March 205 50 206.00 205.50 206.00 Int 1 R.S.S. April 205 25 205.75 205 50 205.75
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    • Article
      SSR AND SMR
      93 4 NOON SSR and SMR prtces yesterday: has Much (Current Mth) Ami) (Forward Mth) Buy* r* Sellers Buyer* Sellers (ee ntaparkg) {em nUperkf) SSR 20 (1-ton pallet) 194.00 190.OON 195.00 197.00N SSR 50 (1-ton pallet) 192 00 194.00N 193.00 195.00N MRELB SMR Scv (1-ton pallet) ***** 218 50N
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    • Article
      Closing prices
      30 4 lubber: March I: Siafapore: March 3SS.U Mali (op I.M Mate) Ma lava la: Mmttk M$M oOTitf felM Mate) 11.N3 (a» MS) Offldsl mMic 1M teaMa (down ltt taai)
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    • Article
      Rice
      203 4 BANGKOK rice was quoted unchanged as follows yesterday: US dollars per tonne fob bull Bangkok: Whit* rice: 100 pet Ist Class 412. 100 pet 2nd Class 397, 100 pet 3rd Class 392. 5 pet 383. 10 pet 370. IS pet 385. 20 pet 380. 25 pet 352. 39 pet
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    • Article
      Produce exchange
      463 4 COFFEE prices took a further tumble in an otherwise steady Singapore produce market yesterday. All grades of the commodity fell $5 per picul with the top grade API being quoted at 1420 per picul. This makes a total drop of $15 in four days. One dealer said that
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    • Article
      Coffee
      184 4 MARKET was uncertain on lack of roaster offtake and the mild producers marketing policy in London yesterday. Futures ended the opening session £29 down to unchanged after initial losses of upto £39 on the basis of New York's close on Thursday. Dealers reported a very quiet physical market. Robusta
      184 words
    • Article
      RUBBER PRICE CHANGES SMALL
      261 4 PRICES In Singapore and Malaysia have fluctuated narrowly in thin turnover to eventually close about two cents lower, with operators largely withdrawn on currency uncertainties and lack of Incentive. A slightly steadier undertone at the outset on reports of new Russian fixation contracts was replaced by
      261 words
    • Article
      Straits tin
      257 4 THE Straits tin price In Penang recovered MS43 per plcul to $1,662. Turnover fell to 195 tonnes from previous' 296 tonnes. Despite lower London advices, dealers attributed the recovery to a reaction to Thursday's decline following buying support at the low level from all sources and sharply reduced
      257 words
    • Article
      Cocoa
      105 4 TERMINAL cocoa In London yesterday sold off on long liquidation and Jobber profit-taking to close the morning with on balance losses of £84 In spot March to £26.50 per tonne. The easier trend suggested the market was reacting naturally to a possibly over-bought situation particularly in spot March. Sentiment
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    • Article
      Sugar
      239 4 BUQAR futures in London yesterday closed a full mortilnfc mostly £0.35 lower from previous night to £0.10 higher. A softer undertone possibly reflected diminished US refiner Interest and the current lull In physical Inquiry from the USSR and China. The London dally raws and whites prices were unchanged at
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    • Article
      Hongkong comex
      364 4 THE sugar market closed yesterday slightly easier but above the day's lowest levels. Trading was featureless and restricted to May and October positions. Commission house support at the lower levels countered trade house selling. Losses ranged to around US0.90 cents with turnover unchanged at eight lots as was
      364 words
    • Article
      Palm oil
      52 4 C.I.r. U8 dollar* per ton. LONDON: Tharafey PmU— Malayala 5*f fa bulk May Sumatra MM fa March CC June July Nigeria 5*f fa bulk ROTTERDAM Sumatra March Zaire (Be* franca per kilo) MSalr S#S«lr MOalr aaaair 5SMr MSalr unq MSalr unq 53 lair MOalr S«0<5U1 SJOqUJ sStS" unq
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    • Article
      Soybean
      118 4 SOYBEAN futures In Chicago on Thursday closed 14 to 4S cents a bushel lower after ranging about five cents to either side of Wednesday's close. Prices weakened initially as heavy overnight country movement prompted pro-fit-taking until commercial and commission house buying stopped the downtrend. Soybean oil futures retreated from
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    • Article
      Wheat
      61 4 WHEAT futures in Chicago on Thursday traded narrowly to either side of the previous dose and stood unchanged to K cent a bushel higher after an hour. Easiness In soybean futures contributed to early market weakness but selling diminished and prices firmed as exporter buying encouraged support and prompted
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    • Article
      Copper
      330 4 COPPER wlrebars on Thursday rose by mostly £6 per tonne in London. The market firmed during the afternoon on shortcovering prompted by comments from informed sources in Paris that a ministerial conference of Clpec members in June will review the affects of Zalre/Zambia Peru production cubacks and If successful,
      330 words
    • Article
      Silver
      185 4 SILVER on the LME rose by 2.3 pence all round. The market reflected the sharp advance in US futures and the continued strength of gold during the afternoon with scattered shortcovering taking Three Months up to 263.0 pence per troy ounce during ring and kerb dealings. The morning market
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    • Article
      Gold
      407 4 THE kilobar in Singapore opened at 8813,689 and closed at 913,744. In London, the metal opened at U*****.40/ 70 and rallied to close higher at 9184.30/ 80. The London morning fix was U*****.80, down 45 cents from the previous. Source: In HONQKOXO yesterday, gold closed HK88.30 higher at 91.013.30
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    • Article
      Lead
      57 4 LEAD finished the morning in London yesterday with gains of £10.25 for cash and £9.50 for Three Months. Prices broke back through the £300 level during morning as further producer associated buying, chart and stop-loss support lifted Three Months to £304 in the pre-market. Gains were trimmed in the
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    • Article
      Zinc
      56 4 ZINC In London yesterday had gains of £11.75 for cash and £9.75 for Three Months. This metal reflected the strength in other base metals with aggressive bidding for cash establishing a backwardation of £2. Expectations of a moderate fall In stocks this week also supported the market. Sales of
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        3875 4 THE foreign exchange market was quiet and cautious yesterday. Trading was thin because dealers were expecting US trade figure announcements. All this made for an uncertain mood. Against the local dollar, the US unit opened at 2.3070/80, falling to 2.3060/65 before recovering to 2.3070/80. Against the Deutschemark, the
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      • Article
        Minimum lending rates
        73 4 THE AVERAGE prim* rate of bank* la Singapore standi •round 7 par cent, with the range running between 6H per cent and 7V„ per cent. Overoee-Ckineoe Banking Corporation is at the lower end of the ranee while a number of banks, including Citibank and Development Bank of
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      • Article
        Asian $ rates
        154 4 Asian rates ASIAN currency deposit Interbank rate* as at cloae c m Mar 3: U8 Daik OOm (Spat) BU 7 days .f. 7/8 1 mth .7 1/2 7 3/8 2 mths .71/4 7 1/8 3 mths .7 3/8 71/4 S roths .7 3/4 7 8/8 8 mths .7 13/1# 711/18
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      • Article
        Discount
        48 4 RANGE Or priest offered by discount houses on Mar S: Overnight 3WH Call deposit 3*« wloaing Buying Selling 3-Month Treasury trills 3 1/4 ll/l J-Month Bulk Mils 4 1S/U 4 13/16 3-Month CD S S/l« S i/ll •-Month 5 1/J 5 3/8 Source: National Discount Co Ltd.
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      • Article
        Tokyo
        162 4 YESTERDAY'S dollar (or overnight delivery closed lower at 237.15 yen, after opening at 238.00, despite some intervention by the Bank of Japan. rne central bank bought an estimated <25 million in afternoon trading to prevent a further fall. Trading was moderate with volume $276 million. After opening lower, the
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      • Article
        Euro $ rates
        55 4 Euro rates LOKDOM fwmfrrifor dcporiti open logon Mar 3. Wiimm i-M, s i/2 Mon/Tua* and Tue*/Wed 8-15/18. *-u/u COI day* 8-15/18, 8-1VI8 few day* a* and ootiot 7. 8-7/t On* mtb 7-1/2, 7-3/8 (Friday-end Two mths 7-1/4, 7-1/8 Tttm 7-7/18, 7-8/18 Four 7-8/8, 7-1/1 flw» 7-11/18. 1-8/16 BIS 7-3/4, 7-8/t
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      • Article
        New York
        200 4 THURSDAY'S dollar finished slightly below Its best levels of the day In very thin, erratic trading. The market remained nervous ahead of the US. Trade figures, with operators reluctant to take substantial dollar positions. The Swiss franc, after opening at 54.87/97 cents eased to close at-54.20/30, slightly above
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      • Article
        London
        116 4 THE dollar yesterday gained against the Swiss franc, sterling and the French franc In relatively quiet trading, helped by some short-covering ahead of the weekend. However, it weakened against the yen compared with overnight levels here following some central bank support in Tokyo. The Swiss franc moved down to
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      • Article
        Hongkong
        184 4 NEAR end-morning yesterday the dollar was quoted at 2.0050/60 marks, although down on New York's 2.0110 close, in dull end-week trading amid general position squaring and caution ahead of US January trade figures. The early fall followed disappointment at apparent lack of substance to President Carter's remarks on the
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      • Article
        Australia/NZ
        59 4 AU8TRAUA/NZ exchange* opening quote* on March 3: AUSTRALIA: US dollar 1 1403/ 1.1355 Sterling 0 5893/0.5828 Ninety-day air mall buying rates: Sterling 0 8034 US dollar 1.1703 Ninety-day forward buying rates: Sterling 0 5885 U8 dollar 1.1374 NEW ZEALAND: Sterling 0 5300/0 5273 US dollar 1 0314/1 0214 Ninety-day
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      • Article
        Zurich
        65 4 ZURICH exchangw closing quote* on M&r 2: US ***** 8310 Sterling 3.5440 5531 Can 1 6332 6373 Dmk 90 8052 91 2871. Dfl 84.7798 7838 Pfr 38 S64« 7104 Bfr 3.8222 8405 Dkr 32.9308 9448 Nkr 34.5781 8649 Skr 3* 9824 9788 Ut 0 2147 2152 Aus ach 12.5838
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      • Article
        Frankfurt
        44 4 rRAKKTORT e»ch*nce« opening quotes on Ulr S: US 2 0000/80 Cut *****/30 Sterllr* 3.886/866 D F1 9125/45 8 FT 108 40/75 Ut 2 356/365 F Fr 42 36/45 N Kr 37 95/31.OS B Fr (con) 8.488/418 B Pr (fin) 4.40/41 Yen 0 6450/70
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      • Article
        Treasury bills result
        43 4 RESULTS of tender held on Mar 3 for 01-day Treasury bills to be issued from Mar 6 to 10: Offered: $20,000,000 Applied for $00,500,000 Allotted: $20,000,000Accepted bids: $00.21 00%, higher bids in Average rate of discount on allotment 3.130% pa.
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      • Article
        Eurobonds
        270 4 Straifhu Offer FTI8tt9%87 M 12 98.87 Courtauldi "8"*" 96.00 96 75 EHi stf 92 97 .75 96 50 PfeHK.I.Mtff 101.12 ***** Inc9 92 our? on n Inco8*84 Sj>arbankeraas 96.37 96.87 Shells*90 8NCF8H84 EIB8H88 EtB 8% 93 EC8C8SS5 Euroflna 8W88 EZB ttf 9* 88 Rowntreest* 10 Hi 88 ....96 50
        270 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      118 4 Don't let the language barrier stop you from wider contacts v r\vA W' \V>^ 0 1 A ISS£I \c^ e YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travelling in fact anywhere and any time that suits you. Possess ing a second or third language is not
      118 words
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  • TRANSPORT
    • Article
      Norwegians look to tie-ups with local firms
      620 5  -  OFFSHORE DEVELOPMENTS By TERESA LIM THE NORWEGIAN offshore Industry Is keeping a close watch on offshore oil developments In the Far East in general, and Southeast Asia in particular. Because the distance between Norway and South-east Asia may limit its direct involvement in
      620 words
    • Article, Illustration
      Return of the Dragon
      115 5 THE Diamond M Dragon, a selfpropelled drilling vessel, will be In Singapore soon for "winterisation" modifications. As soon as she finishes drilling offshore Karachi, she will be in Singapore en route to Alaska. The ship is owned by Jardine International Petroleum, Fearnley and Egers Chartering and
      115 words
    • Article, Illustration
      SHIPS IN PORT
      363 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Altalr (1800 after San Francisco Maru) 42/43 Cherry Vllja (0800) 48 Emma Bakke (after Ibn Jubayr) 1/2 King Tower (0600 subject freeboard) 22 Larlsa Reysner (1100 after Bunga Melatl) 33/34 Manoloeverett (0600 D/L) 35/36 Nedlloyd Marne (2100) 3/4 Neptune (0700) 48 Rio
      363 words
    • Article, Illustration
      Isle of Man goes Ro-Ro
      197 5 THE FIRST Macßridge *1* type link span it to be installed at Douglas, Isle of Man. Specially designed to meet the particular requirements of this harbour, the unit will enable the island to be served in normal Ro-Ro fashion for the first time. The Macßridge
      197 words
    • Article
      Lock icon Carter asked to suspend British Caledonian
      235 5 Reuter AFP THE US Civil Aeronautics Board said it haa requested that President Carter suspend air service by British Caledonian Airways between Houston and London. The recommendation, which the CAB said had been forwarded to the White House on Tuesday, would become effective on
      Reuter; AFP  -  235 words
    • Article
      Lock icon Northwest proposes economy fare
      325 5 AP ONE-WAY air fare between Seattle and Tokyo would be reduced by 35 per cent under a rate proposal filed on Thursday by Northwest Airlines. Northwest said in Minneapolis It Is asking the US and Japanese civil aeronautics boards for permission to institute a new economy
      AP  -  325 words
    • Article
      Lock icon Britain adamant over subsidies
      140 5 AFP BRITAIN appears to be on a collision course with the European Commission over shipbuilding. Secretary of State for Industry, Gerald Kaufman said in a letter to the British Conservative Party, which had asked for information, that the government was getting ready to Increase subsidies to
      AFP  -  140 words
    • Article
      Takeover of FE marketing arm
      94 5 A LEADINO Norwegian tanker group, Odfjell and Westfal-Larsen of Bergen has taken over Its marketing arm in the Far East, Delta Pacific Navigation Ltd., and renamed It Odfjell WestfalLarsen Tankers Ltd. Delta Pacific, with offices in Singapore, Hongkong and Tokyo, represented Odfjell Tankers for several
      94 words
    • Article
      Lock icon LONDON FREIGHT
      108 5 AP AMPLER chartering details showed some expansion In North Atlantic grain activity on Thursday. Rates were unchanged, however, as seen in the repetition of US$5 (flo) by the "Dorsetshire" for a 57,000-ton March 13-20 shipment from US Oulf to Holland and $10.75 (flo) by the "New Cadhus" for
      AP  -  108 words
    • Article
      THE UASC
      311 5 THE UNITED Arab Shipping Company (UASC) was formed In January, 1976, and formally commenced operations on April 1, 1977. Bahrain, Iraq, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates are the US AC partners. The company now operates services to Nbrth America, North Europe and the Medltteranean,
      311 words
    • Article
      Lock icon QANTAS MOVES TO MATCH LAKER
      130 5 AFP QANTAS, Australia's International airline, has told the federal government It could fly passengers to London for as little as Assso to $600 (551,440 to $1,570) return with a "third class" section on its 747-B Boeing jumbo jets. The government-owned national flag-carrier, In a submission
      AFP  -  130 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      710 5 ARRIVALS Service Local Operator Number Time From CAL CI333 0040 TPE/HKG/KUL I TMA TL302B 0530 TPE c MAS MH601 0715 KUL i MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH607 0845 KUL I MAS MH671 0945 PEN/KUL CAL CI814 1000 HLP
      710 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      197 5 Mathematics and Statistics Statistics in Action: Peter Sprent This book is intended to interest the general reader who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to statistics in more
      197 words
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  • Article
    Time to plan their strategies now
    481 6 PROSPECTS for the oil rig market looked optimistic last year when rig builders were projecting a slow but steady revival of the market from December 1977 through 1978. Slow indeed the market has turned out to be so slow In movement as to be
    481 words
  • Article
    How to insure a fast expansion
    307 6 IT IS an incontestable fact that a thriving Insurance Industry is necessary to the full development and establishment of Singapore as a financial centre. There Is, of course, nothing special, nothing magical about Insurance; it is just the natural and desirable accompaniment to a
    307 words
  • Article, Illustration
    Hurrah for the falling dollar
    1773 6  -  »r. DONALD SINCLAIR THERE Is a sheep-like acceptance throughout the world that the steady decline of the US dollar is a bad thing. Good it may not be, but it looks to be infinitely preferable to the possible alteras a means of reflecting and partly
    1,773 words
  • Article
    Lock icon A lesson for gold-lovers
    768 6 KSR THE IMPLIED threat to the price of gold In the accompanying article on this page has set my mind back to the fearsome days of 1975 and 1976 when gold tumbled slckenlngly (for those who had speculated hi It) from a peak of U*****.50 an
    KSR  -  768 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      692 6 SNGAPORE HLTON M Orchard Road, S'pore t. Tel: *****2 Pebble Bar Come and be enchanted by the repertoire of the dynamic duo Adam and Ben (appearing for a short season only). Daily (except Sunday) open till 2 am the Pebble Bar. Coffee Shop Our Quick Businessmen's Lunch far the week.
      692 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      70 6 I W E AT:H E R =J WEATHER forecast for Singapore from 6 a.m. to noon today: Isolated showers around mid-day REPORT for 24 hours prior to 7.30 pm on March 3 at the airport. Maximum Temperature 31.6 C Associated Humidity 63 Minimum Temperature 23.6° C Associated Humidity 97 Hours
      70 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      318 6 SINGAPORE 5 1.00 PM Opening announcements followed by Sesame Street 0 2.00 Saturday Matinee Saadia 0 Starring: Cornel Wilde, Mel Ferrer, Rita Gam 3.10 Classic Keystone Comedy Capers 3.35 Police Surgeon Body Count 0 4.00 Soccer Malaysia Cup '78° Singapore Vs Kelantan 5.05 Sandiwara Tiada Belaian Kasih (Repeat) A Malay
      318 words
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  • Article
    Using two-edged sword against inflation
    1454 7  -  •r SOH TIANG KENG SINGAPORE'S Finance Minister Mr. Hon Sul Sen Is wielding the budget as a two-edged sword to fight Singapore's economic problems. By slashing rates In personal income tax, he rewards those who have the skills and the drive to upgrade national productivity.
    1,454 words
  • Article
    SNSC anxious for more support
    680 7  -  Letter to the Editor Sia Yong Chairman SINGAPORE NATIONAL SHIPPERS' COUNCIL Dear Sir, We refer to the editorial write-up in the Business Times dated Feb 23, 1978, in which special mention was given to the Singapore National Shippers' Council (SNSC). The Council would like to
    680 words
  • Article, Illustration
    STRAWS IN THE WIND
    393 7 YOUNO people in West Germany are closing the generation gap, It seems when polled recently on whom they most admired, a sample of 2,100 young Germans gave first and second place to their mothers and fathers. In the same Kll five years ago a more tallstlc
    393 words
  • Article
    Two breeds of fund managers
    1625 7  -  FORUM f 0D investment »y HOCK LOCK SIEW THE PSYCHOLOGY of the stock market la strange. It Is a hunt in which the hunter often becomes the hunted. The average stock market speculator/Investor Is a person who desires quick profits and, like many novice hunters,
    1,625 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      318 7 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 KING S HOTEL Havelock Road, Singapore 3 Tel: *****1 HOTEL MIRAMAR 401 Havelock Road, Singapore 3 Tel: *****2. CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 LADYHILL HOTEL 1 Lady hill Road, Singapore 10 Tel: *****1 HOTEL NEGARA IS Claymore
      318 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      57 7 BnStoW: Frank Di ckenS WER Se£MG "MPCT UTTl£_ i TV4KI< vll °*v CLEAN \NG tf®U v_,^. if >pu« sow GoDFRey U>€P&S SOUC COSTarocftf Clones To UXDfcfc HM \'D HOT UE.PVN/6. stuff we«e. «OuJ Do 1 KMOO i ujom'T come 6PCX *ND Find U\m Ojqp«RiKG WW GLOTHG.S O (C!M»cs ut LPic<s
      57 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Shares rise
      583 8 Tokyo Source: Daiwa Securities Co Ltd ■■SPITE uncertainty of yen lite movement and high margin debt, prices advanced yesterday, led by blue chips and some issues. Medium-priced issues and Issues which have not been bought repently, picked up, because of investors' expectation of further rise in prices. Communication
      Source: Daiwa Securities Co Ltd  -  583 words
    • Article
      Lock icon Hongkong
      422 8 Source: Sun Hung Kai Securities Ltd. THE MARKET opened on a firm note yesterday morning. The continuation of Thursday's buying and a lack of cheap stocks around saw prices surge ahead In active trading. There was no other news but yesterday's action seemed to be a delayed reaction to
      Source: Sun Hung Kai Securities Ltd.  -  422 words
    • Article
      Sydney
      322 8 SOME Industrials rose on selective demand, and bargain hunting among mining leaders brought some rises yesterday. The Sydney All-Ordlnarles rose 0.43 point to 442.30 points. BHP rose six to A 55.38 and the Bank of New South Wales six to $5.10, while other banks were mixed. Sugars were mixed,
      322 words
    • Article
      Manila
      153 8 THE stock market yesterday closed mixed with minings and commercials posting gains while oils declined. Turnover rose to 3.22 million pesos from Thursday's 1.73 million. Atlas gained one point and other mining Issues also firmed, while San Miguel and PLDT rose one point each and other commercials remained steady.
      153 words
    • Article
      Bangkok
      133 8 MAR Bahts Asia Fibre 270 -6 Bangkok Bank 403 -3 Bangkok Invest. 396 -2 Bangkok-Metro-poiitanBank Bata BerllJucker 508 -13 Ckrpetintnl CharoongThal Wtre 436 >3 Dumex DusitTham 365 -10 Faber Merlin First Trust Genera Finance -7 Indo-Thal Indus trial Finance Corp 28V5 -30 J And J Ho 434 -3 Jalaprathan
      133 words
    • Article
      Prices generally up
      257 8 EUROPEAN MARKETS PRICKS ctoeed generally higher on EunpMa boursee on Thursday following the dollar's firmness. In Amsterdam, prices were generally higher as the US dollar steadied. News that RSV to negotiating a major nan deal with Iran sent its shares 9.50 guilders higher, dealers said. Other shipping
      257 words
    • Article
      Amsterdam
      193 8 MAS m ru Ahold 90.50 ♦0.5 Akao 21.90 +0.4 Algtoank amev 331.00 78.00 1 +0.4 Amfai 101.00 +0.5 Am rot Bank 71 70 +0.2 Ban Berk 47.00 101.00 +7 +1 BoU 70.20 -1.3 Borsumij 141.90 unch Burhmann 67 00 -OS Byenkorf 78.70 4 0.2 Calve Delft 173 JO +03
      193 words
    • Article
      Paris
      271 8 HAH a Fr* 4-/-CORBKIIXE Alr-Liqulde BSN Gervalj Danone C S F (ThomsociCsf) Cle Francalse (Set Petroles Compagnle Financier* Compagnte Generate Credit Foncter De France Hachette (Ubralrle) Machines Bull Mlchelln (B) Paiibas Pechlney CI fine Kuhlmann Peugeot Phlllpa (NvOem Bexlt) Prlntemp* 8 A Rhone- Poulence 8 A Royal Dutch SueKCle
      271 words
    • Article
      Brussels
      94 8 MAS Fn FORWARD MAKJ OT Acec 220 -8 Arbed 2290 10 Ajtur 4&S -13 Brucan 417 -2 Bru-Lamb 141S unch Canpac 485 -15 Cock 355 -9 De Beers 140 unch Ebes 2355 ♦5 Electrobel «030 -10 Ob-Inno-Bm 1885 ♦5 Oev 1234 unch Hobok 2330 unch Petro 3850 +15 Ryl
      94 words
    • Article
      Zurich
      170 8 MAR a Francs Actions Suisse* 270 unch Alusulsse Br 1215 -20 Alusulsse Reg MO •10 Brown Borer! Br. 1800 -10 Clt*OelgyBr 1245 15 ClbaGeigy PC •00 -25 Cite Oelgy Reg Credit Suisse Br 670 +3 2490 +90 Credit Suisse Reg 474 10 Bektrowmtt Br. 1600 +5 Oeorge Fischer Br
      170 words
    • Article
      Frankfurt
      190 8 MAS m Dm Aet-Telefunken Akao Alls Le ben Alls Vm BASF Bay HT Wbank Bay Vbank Bayer BBC BMW Caaaella Chetn Verw Com men bank Conu Qummi Daimler-Bens Detussa Demaf Deutsche Bank Dresdner Bank Dt Texaco Dyckerhof f ST A EnkaOlaam Oelsenbert OHH Hapac-Uoyd Harpener Hoechst Hoeach Horten Kali
      190 words
    • Article
      Slight gain
      985 8 New York THK stock market finished with a slight gain after owttomlm some midday weakness on Thursday. Trading was moderate. Analyst* said investors were encouraged by hopes a eonpromise on the deadlocked energy legislation may be reached soon. Also aiding in the advance, the analysts said, were sharp
      985 words
    • Article
      Toronto
      263 8 SHARE prices closed higher In active trading on Thursday, bolstered by gains In 12 subgroups. The composite Index was up more than four points and advances outnumbered declines 235 to 130. Utilities and oil and gas were the strongest sectors. Closing volume totalled 2.937.201 shares, down from 3.329.122 shares
      263 words
    • Article
      Jo'burg
      357 8 OOLD shares Bortd firmer across the board following higher bullion on Thursday, dealers Hid. Trading was quiet and oesrseas interact slight, they added. Financial minings wart mostly tTTVrr where dunfad in mom trading In aplta of higher producara. Da Baara was unchanged at 540. Other metals and mineral* were
      357 words
    • Article
      Selected indices
      65 8 FINANCIAL mas INDUSTRIALS Thursday 433.4 Wednesday 443.8 Week A|o 445.S DOW JONES AVERAGE INDUSTRIALS Thursday 746.45 Wednesday 743.33 Week Ago 750.95 LONDON DOLLAR PREMIUM Thursday 85% to 86 Wednesday 86 H to 87* H.K HANG SENG Friday 421.62 Thursday <422.65 Week Ago 411.45 8YDNKY INDU STUAL8 Friday 390.18
      65 words
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon GE-Hitachi joint venture to start
      369 8 NORTH AMERICAN COMPANIES AP HITACHI, a major Japanese television manufacturer, expects its projected lolnt venture with General Electric Co. In Portsmouth, Vlrglna, to start in April. QE agreed last December to loin with Hitachi to make colour and black and white sets atOE's plant In
      AP  -  369 words
    • Article
      Lock icon Alcan inventories higher
      230 8 Reuter MONTREAL: Alcan Aluminium said in its annual report total inventories were C 5956 million in 1977 against $817 million in 1976. The company attributed the increase primarily to a decline In sales volume and, particularly during the second half of 1977, a weakening of demand for
      Reuter  -  230 words
    • Article
      Goodrich to reduce stake
      146 8 B.F. Goodrich Co of the US has agreed In principle to reduce Its stake In Yokohama Rubber Co soon to below 20 per cent from the present 33.7 per cent, the Japanese firm said. Yokohama Rubber president Yasuo Tamakl will visit the U8 this week to
      146 words
    • Article
      Coca-Cola profit rises in fourth quarter
      178 8 COCA-COLA Co. reported a 13.8 per cent gain In profits for the fourth quarter and a 12.2 per cent rise for the year. The beverage maker said it expects another strong year in 1978. It said soft drink volume in the US should benefit
      178 words
    • Article
      Inco to cut spending
      73 8 TORONTO: Inco said In the annual report capital expenditures In 1978 will be about US$22O million, down sharply from M 33 million In 1977, due to the expected completion of the second stage of its Indonesian project. It noted that about twothirds of the 1977 expenditures
      73 words
    • Article
      Lock icon WMC nickel and coal sales drop
      250 8 ASIAN COMPANIES Reuter THE Western Mining Corporation (WMC) said Its sales ot nickel, metal and coal products fell 21 per cent to 17,094 tonnes from 21,664 In the 28 weeks ended Jan 10. The company, commenting on Its lower after tax attributable prbflt to
      Reuter  -  250 words
    • Article
      Lock icon Sumitomo business outlook still fluid
      152 8 Reuter TOKYO: Sumitomo Chemical Co said It expects sales for 1978 to reach 450 billion yen, slightly above 1977's 447.31 billion. But it said It is premature to comment on profit and dividend as the business outlook Is still fluid. The company earlier reported a
      Reuter  -  152 words
    • Article
      Lock icon Hooker income
      75 8 Reuter HOOKER Corp announced unaudited consolidated operating profit of A 53.71 million (53.69 million) for the half year ended Dec 31 on revenue of $75.45 million (170.24 million). Profit is after tax of $2.27 million ($2.25 million), depreciation of $525,000 ($510,000) and Interest at $7.08 million ($4.42 million),
      Reuter  -  75 words
    • Article
      Lock icon Shui Hing
      75 8 Reuter HONGKONG: Shui Hing Co nM It has approved an agreement to acquire all the •hare capital or Singapore Shui Hing (Private) Ltd for 234.6*4 of its HK$5 share* and HK$2.3 million in cash. These shares will not rank for the interim dividend for the year ending Feb
      Reuter  -  75 words
    • Article
      Woodside to make call
      72 8 MELBOURNE: Woodside Petroleum said it will make a call of A2O cents a share, being 10 cents capital and 10 cents premium, on Its partly-jald shares, payable The call, on 55.34 million issue of.Bo mllUanfftO cent each, will raise $11.07 million. The shares arise from an
      72 words
    • Article
      Lock icon SAN MIGUEL BORROWS US$130M
      101 8 AFP MANILA: Baa Miguel Corporatism, mm ef the Mgfut nmippiM Mam uTfiTtlM Kwr^UUar Apart frost factoriag the wsrM fSsasos Baa Mlgael beer. Sea Miguel Corporation pre* duces a large variety ef •redacts iadadiag aiae beverages, slci— eoMM feed products, 18 seckagtag predicts aad ethsrTlts 1288 <m
      AFP  -  101 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      119 8 o* c study with W>lsev Hall OXFORD Institute of Administrative Management Institute of Bankers Ins: of Chartered Secretaries Administrators Inst of Statistic ans London Chamber of Commerce Industrv HSC GCE A Love! MCE SCGCE O Level London AEBGCE A O Levels Modern Mathematics for Teachers Foulks Lvnch LONDON As\ of
      119 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      1367 9 jm*esb M AWA: mi mg tSi'; Roy Mackie, Editor, Business Times IT ve worked for some hardnosed News Editors in my time. But the best of them had a basic approach to his business. Any reporter sitting in the office wasn't working. It was the surest way to get fired.
      1,367 words
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  • Article
    Transactions in Singapore
    1321 10 BID and otter prices officially LlstS and business in and reported to the Stock Exchange of Singapore yesterday with the number ot shares traded shown In brackets In lots of 1,000 untts unless otherwise specified. All Time Settlement Contracts are quoted after the world "sett." Blc Board
    1,321 words
  • Article
    Government bonds
    173 10 4 3/4% 1/6/79 (250,000) (IM.MB 1M.908) 5 1/4% 16/19/79 (250,000) (101.208 101.408) 4 3/4% 16/9/80 250,000) (99.708 99.838) C 3/4% 1/12/80 (250,000) (103.70B) 5% T F 16/4/81 (250,000) (101.62B) 5% T F 15/10/81 (250,000) (101.MB) 6% T r 1/6/83 (250,000) (IM.IOB 100.208) 5 1/4% T F 16/7/80-8$ (2M.OM)
    173 words
  • Article
    Corporate bonds
    183 10 B O T 8 1/2% IMI (100,000) (100*B 101*8) B O T 7 5/8% 1984 (IM.OM) (95*8 95*8) B O T Floating 1984 (100,000) (99*8 99*8) C Itoh 8 1/8% 1984 (1M.000) (95*8 95*8) LTCBJI9B2 (1M,(X)0)(99*B 1008) LTCBJ 1983 (1M,000)(99*B 1008) Credit Lyoanais Floating 1983 (100,000) (M%B 99*8)
    183 words
  • Article
    Stock options
    224 10 BTRIKINO prices of the stock options officially listed on the Stock Exchange of Singapore,' the periods, bid ana offer prices and buslnees done yesterday, with the number of options traded shown in brackets. C and C (June $2.20) (0.50B): Hume FE (June $1.20) (0.18B): Slme Darby (Juae $2.75)
    224 words
  • Article
    In Kuala Lumpur
    1381 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 In lots of 1,000 units unless otherwise specified. INDUSTRIALS AjinamaW (2.108 2.606). Aloam (2.688 2.708) (7) 2.68 (2) 2.M. A
    1,381 words
  • Article
    Unit trusts
    145 10 SINGAPORE UNIT TRUST INCOME BOND UNIT IPufiMt nrirft) (Muilert' price for Mar INCOMEBOND 1.09 1.18 The Commerce.... 1 80 1.91 MARA BUMIPUTRA FUND The Saving Fund 1.04 l.lOxd (Manager*' prlcM for Mar 8 Spore Prog Fund 0.87 0.92 First Bumlputra 2.31 2.38 S'pore Security 1.69 1.79 Second Bumlputra
    145 words
  • Article
    SHARE INFORMATION SERVICE
    2348 10 1977/1978 Hick U» C-*-y Last Sals Qr*s D*» DW Cw (Vs Net YTd P/E Vel (too Day Hl«k Lew SECTION ONB INDUSTRIALS 100 260 110 282 g 100 291 422 140 132 165 58 212 97* 199 144 182 390 91 Anns Alcorn Allied Choc Bata Ben
    2,348 words
  • Article
    CHICAGO BOARD OPTIONS
    1445 10 March 2 TRADING in options on the Chicago Board Options Exchange came to 96,153 contracts compared with 90,874 contracts on Wednesday. OPTION APL JLY OCT STOCK AlCM Alee* Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Bank Am
    1,445 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      96 10 The Love of e ne ooking n m T t> 4 am V •-> '1 M y H* V v* Mt •M i MM S 22 c a 3 MM CP <• MM rKIpH to try, ohm Mm bwlci have •Qtoni of wrana munpi v Ozachuan and ghraa a calactlon
      96 words
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  • Article, Illustration
    Spotlight on the second liners
    678 11 SINGAPORE SPORADIC bouts of buying activity in second lino industrials added a bit of apico to an otherwise dull and mixed Singapore Stock Exchange yesterday. Trading got off to a slow start with most counters hovering around their overnight levels. However, in the afternoon session,
    678 words
  • Article
    Selective stocks find good support
    631 11 FAIRLY steady conditions prevailed for the greater part of the day on the Kuala Lumpur Stock Exchange yesterday, with attention still focussed on selected counters. Initial trading opened on barely steadv level but the market slowly picked up ground as trading progressed. The marginally steadier
    631 words
  • Article
    CIC APPROVES ISSUE
    75 11 KUALA Lumpur Kepong Bhd said the Malaysian Capital Issues Committee has approved its proposed issue of 15 million sham of MSI each to bumiputra institutional and private investors at $1.15 per share. A company statement said dividend payable on the increased capital is expected to be at
    75 words
  • COMPANY NEWS
    • Article, Illustration
      Hume (M) profit may surpass $7m mark
      595 11  -  By MANO SABNANI HUME Industries (Malaysia) has Joined the growing band of Malaysianbased companies reporting vastly improved results. Group pre-tax profit for the first six months of the current year ending June 30, 1978 almost tripled to M 14.08 million from Just $1.44
      595 words
    • Article
      Plantation Hldgs results disappointing after buoyant first half
      584 11 PLANTATION Holdings, (PH) the UK-incorporated estate and light technology group which is in the process of Malaysianising its assets has produced disappointing results for the year to December 1977, after having experienced a buoyant first half. Pre-tax profits grew only 17 per
      584 words
    • Article
      G. Lumber reply to KL cautious
      289 11 OENERAL Lumber has responded cautiously to the queries on Its purchase of the assets of Federated Kilning and Exporting (FKE) put forward by the Kuala Lumpur Stock Exchange. The company claims that it had fulfilled Listing Requirement 4(3) (c) which requires disclosure of financing
      289 words
    • Article
      STP
      75 11 THE Straits Times Press (1975) negotiated directly with the Melbourne Herald for the acquisition of 564,000 ordinary shares In New Nation at $3.35 each on a cum dividend basis. This consideration was satisfied in cash, the company said in a reply to the Stock Exchange of Singapore. It represents
      75 words
    • Article
      Earnings slide at Rothmans still unchecked
      451 11  -  ■y ARTHUR NG THE EARNINGS slide at Rothmans of Pall Mall (Malaysia) evident since the last financial year continued unchecked into the current year ending June 30, 1978. For the first six months ended Dec 31, 1977, group pre-tax profit plunged by about 26
      451 words
    • Article
      An obituary for Gold Harp
      382 11 GUINNESS Malaysia has withdrawn Its Pilsner beer. Gold Harp light special (Ooldle) from the Malaysian beer market. A spokesman explained that market factors prompted the decision, as Goldie had failed to achieve the share targetted for it. It is understood that Guinness would have been
      382 words
    • Article
      DIVIDENDS ANNOUNCED
      256 11 Current Ex Date Total for Total for payment Date payable the year prerlous year Ye© Hiap Seng 10H(b) Feb 15 Mar 10 10H 10% M. Banking 5% I Feb 21 Mar 13 6% U.?%(a) 30% Tiipial Consolidated 15%<n) Mar3, Mar 31 25% Benta 15H(n) Mar 3 Mar *31
      256 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      229 11 THE NEW STRAITS TIMES PRESS (MALAYSIA) BERHAD BONUS AND RIGHTS ISSUES Further to the announcement on 9th December, 1977, the Directors of The New Straits Times Press (Malaysia) Berhad are pleased to announce that approval has been obtained from the Capital Issues Committee for the Bonus and Rights Issues by
      229 words
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  • Article
    Lock icon Gloom over Western economies darkens
    942 12 LOCOMOTIVES LOSING STEAM NYT THE Western world appears destined to go on sluggishly through this year or possibly to slide backward If the major Industrial companies of each of the 13 moat important Industrial countries hold to their present Investment plans. This gloomy conclusion emerges
    NYT  -  942 words
  • Article
    Gatt members to hold talks on freer trade
    437 12 JAPANESE External Economic Affairs Minister Nobuhlko Ushlba yesterday said member-nations of the Oeneral Agreement on Tariffs and Trade (Gatt) will hold an unofficial ministerial-level meeting in Geneva on April 10 to 11 to discuss promotion of the Tokyo round of multinational negotiations
    437 words
  • Article
    Lots of drilling
    162 12 FROM PAGE ONE does not look too promising yet, Mr. Meadows said. "It is difficult to forecast how long this Increased tempo will last, but certainly, with the surplus rigs out of the way, and with more favourable conditions now prevailing, rig and other offshore construction should
    162 words
  • Article
    LONDON STOCKS
    820 12 LONDON, Frl. Stocks held steady today with most prices unchanged from mid-session In Idle trading, dealers said. At 3 p.m., the Financial Times Index was up 1.4 at 434.8. Government bonds firmed slightly following the fall In the public sector borrowing requirement and put on point to be
    820 words
  • Article, Illustration
    LONG HAUL AHEAD FOR INSURANCE
    532 12 THE GROSS premium Income of the general Insurers in Singapore has grown more than five times In the last 10 years, far ahead of the growth rate of the economy within that same period. But In absolute terms, the assets, premium volume and the profits
    532 words
  • Article
    Seoul approves yen lending
    301 12 KOREAN and foreign banks may lend Japanese yen to Korean borrowers the Finance Ministry has announced. Foreign exchange lending have so far been limited only to 19 foreign currencies excluding the yen, which are officially designated by the government for dally quotations for conversion with the
    301 words
  • Article, Illustration
    NEGATIVE MOOD REIGNS IN FOREX MARTS
    297 12 THE FOREIGN exchange pasted to ruli la lUr inmt very nervoue state la tW kn mediate future aad will continue te demonstrate a Ugfa degree of tensitivity to short-term political aad oronomic development. This aad other oheerrations were made by Mr. G.R. Curtis, senior
    297 words
  • Article
    Growth as financial centre hindered
    682 12  -  •y SIVA AKASU SINGAPORE Is a fOO<l financial centre but not a major one, despite the Monetary Authority of Slnfapore's support and encouragement since 1971, when it laid down firm rules to develop the Republic as a financial centre. The main constraint is the physical
    682 words
  • Article
    Main thrust for CDs
    627 12 THE MAIN thrust in the development of a secondary market In Singapore, particularly that for certificates of deposit (CDs), will come from the numerous short-term investors that are concentrated in this region as well as the long-term investors like governmental agencies, Insurance companies and banks. A
    627 words
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      Page 12 Advertisements Column 1
      3 12 SEE PAGE 6
      3 words
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      295 12 WhyhasTheWjrnal attracted so many readers in its first year Because only The Journal gives people so muchof what they need to know in business. The Asian Wall Street Journal is the only regional publication that provides Asia-wide business news every business day. With the most comprehensive reportage of regional commerce,
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