The Business Times, 16 December 1978

Microfilm: NL9923
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, DECEMBER If, ifft 50 CENTS
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  • BRIEFLY...
    • Article
      Recourse for Tarling
      74 1 LONDON, Fri.— Richard Tarling, 43, the former chairman of Haw Par Brothers International, has one final legal recourse under British law to fight his extradition to Singapore to face trial. Home Offic? spokesman said today that Tarling has two weeks in which to decide if he wishes
      74 words
    • Article
      Lock icon Going for more
      66 1 UPI. ABU DHABI, Fri.— Algerian Oil Minister Ahmed Ghozali said today he will seek the highest possible increase at a conference of oil-exporting nations this weekend. Like his colleague from Iraq, Mr. Tayeh Abdul Karim, Mr. Ghozali said he would not be satisfied with the "small adjustment"
      UPI.  -  66 words
    • Article
      Lock icon UAE loans
      74 1 AP. ABU DHABI, Fri.— The oil-rich United Arab Emirates government plans to take over loans worth more than US$2 billion (554.4 billion) that 53 local and foreign banks based here are nnahip to collect. Local business sources said the thinking behind the takeover of the- outstanding loans, is
      AP.  -  74 words
    • Article
      Lock icon Currency restriction
      71 1 AFP. MANILA, Fri.— The central bank today restricted to US$2OO (Ss44o) the amount of foreign currency that Filipino businessmen travelling to Hongkong can take with them on each trip. In a published directive to commercial banks, the bank gave no explanation, but observers believed it was a move
      AFP.  -  71 words
    • Article
      Metal projects
      33 1 STOCKHOLM, Fri.— A group of Swedish businessmen will visit China early next year to discuss a copper mine project and an iron ore project in China, the Industry Ministry said today.
      33 words
    • Article
      Lock icon Industrial production up
      64 1 UPI. WASHINGTON, Fri. US industrial production rose 0.7 per cent last month, the Federal Reserve Board said today, a strong performance contradicting forecasts that the nationcould be headed for a mild recession next year. When coupled with the latest government reports on retail sales and employment gains,
      UPI.  -  64 words
    • Article
      Lock icon Dow Jones
      83 1 UPI. NEW YORK, Fri. The stock market, faced with the uncertainty about how much oil producers will raise prices next year, was slightly lower early today in cautious trading. The Dow Jones industrial average, which managed to gain 2.68 points yesterday, was off 1.73 points to 810.80 around
      UPI.  -  83 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      126 1 Rises Most Active Nat Iron 385 15 Consplant 167,000 Esso 370 10 UOL Loan 150,000 C C M 505 9 S Darby 147,000 Shell 290 5 UOL 124 000 Magnum Corpn Setron 336 220 4 +4 Total Turnover: 2.10m OUT 174 4 Total Value: $4.92m Bo us
      126 words
    • Article, Illustration
      In Kuala Lumpur
      142 1 Rises N Iron 575 Utd Mai MU 20 18 10 10 10 Most Active Consplant 307,000 Esso Ord 380 a uarDy H Par F Merlin 262.000 CCM Tronoh 510 660 80,000 74,000 Olympia 184 09 Total Turnover: 1.61m Tan Chong 280 06 Total Value: M$3.98m Falls Indices
      142 words
  • Article
    Plum Orchard sites acquired
    617 1  -  SHARE PRICES HIT By TEO TECK WENG IN ONE quick move, the Government has given notice of its intention to acquire 82,000 sq m (over twenty acres) of some of the choicest sites in Singapore for redevelopment. The announcement was given on Thursday. They include valuable
    617 words
  • Article
    Jack Chia owns 14pc of M.Credit
    270 1 FURTHER purchase of sizeable quantities of shares of Malayan Credit has enabled the Jack Chia group here and in Hongkong to increase its stake in the property group to 8.96 million shares. This represents more than 14 per cent of the company's issued capital
    270 words
  • Article
    Barge pooling scheme on the rocks
    647 1  -  By QUEK PECK LIM PLANS by three local companies to pool their resources to form one of the world's largest tug and barge companies appears to have stalled and may well be on the verge of total failure. While parties to the talks are
    647 words
  • Article
    SCCCI's election
    135 1 THE NEW president of the Singapore Chinese Chamber of Commerce and Industry (SCCCI) will be officially elected in midFebruary next year. The final name list for president, vice-presidents and chairmen of the chamber's various sub-committ-eees will be announced on Feb 15. An election committee, headed by incumbent president
    135 words
  • Article
    UOB's deadline for Sinfin share holders
    271 1 SINGAPORE Finance shareholders will have utll 3 o'clock In the aftermm if Jma 18 next year to decide en accepting the effer from United Overseas Bank (HOB) far their This Is one of the terms revealed by UOB la Its •ffer deeameat new en
    271 words
  • Article
    KL 'yes' to Concorde overflights
    280 1 THE Malaysian government has decided to lift its year-long ban on Concorde flights through its airspace, Transport Minister Tan Sri Manickavasagam said in Kuala Lumpur yesterday. The minister said in a statement the ban would be lifted for a trial period of six months and
    280 words
  • Article
    Joint Asean stand
    200 1  -  By Colin Chee ASEAN has come out with a joint stand in regard to Australia's international civil aviation policy. This was announced by Dr. Mahathir Mohamad, Malaysia's Deputy Prime Minister last night after Asean's five Economic Ministers completed their second day of talks. Dr. Mahathir, who is
    200 words
  • Page 1 Advertisements
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  • TRADE AND INDUSTRY
    • Article
      Tax benefits must be passed on warning
      710 2 THE MALAYSIAN government will be forced to adopt "tougher measures" soon to ensure tax and other concessions given on consumer goods are reflected in retail prices instead of being appropriated by the trade. The warning was given by Finance Minister Tengku Razaleigh Hamzah
      710 words
    • Article
      LOGS TO BE DUTY-FREE
      76 2 KIIALA LUMPUR is graatlag tall exemption (ran import duty and surtax mi logs imported lata Peainssiar Malaysia to help timber-based Industries overcome the carreat shortage of logs. Presenting the IIW tradget la Pariiameat yesterday, Fiaaaee Minister Teagkn Razaleigh said, however, importers will reqaire a licence from
      76 words
    • Article
      LDC needs may be sacrificed at MTN
      265 2 MALAYSIAN Finance Minister, Tengku Razaleigh Hamzah has expressed concern that the delay in the multilateral trade negotiations (MTN) now on in Geneva could aggravate the international economic climate. Developing countries, he said, were worried that the new codes of conduct governing international trade
      265 words
    • Article
      Agriculture investment talks
      184 2 THE Agriculture Institute of Malaysia (AIM) is organising a conference on "Investment Opportunities in Agriculture" on Feb 22 to 24 in Kuala Lumpur. The primary objectives of the conference are: to provide a forum for policy-makers, planners, entrepreneurs and bankers to examine the current and potential investment
      184 words
    • Article, Illustration
      SINMA, A MODEL BUILDER
      452 2  -  By JOHN LIM SINMA Architectural Models and Advertising claims that it handles 60 per cent of the construction business in Singapore building scale models of the real projects, that is. What started off as a hobby became a full-time money-earner in 1969 and today it has
      452 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      238 2 THE FIRST National Bank of Chicago has promoted Mr Ahmet Arsaa as senior vicepresident. Mr Arsan has served as area head (or Asia/Pacific since June 1977 and is based in Hongkong. Before his present assignment, he serves as assistant general manager in Singapore, general manager, Paris and
      238 words
    • Article
      Asian 'first' in communications
      188 2 COMMUNICASIA 79, the first Asian international electronic communication show and conference, to be held in Singapore in December next year coincides with the 100 th year of the telephone service. The exhibition proposes to display a wide range of communications systems, products and services. Exhibits will
      188 words
    • Article
      Lock icon Asean to speed up cable link-up
      141 2 Reuter ASEAN has agreed to hasten establishment of a cable network, it was announced in Manila yesterday. The Philippine Foreign Ministry's Asean Secretariat said the agreement was reached by delegates from the member-countries at a three-day meeting of the sub-committee on post and telecommunications.
      Reuter  -  141 words
    • Article
      Indian rice sales
      76 2 INDIA plans to enter the commmercial rice export market by exporting 500,000 tonnes of medium-quality rice in 1979, Commerce Ministry sources said on Thursday. About 300,000 tonnes of this may be sold by March next year, the end of the current financial year. The Slate Tending Corporation
      76 words
    • Article
      Lock icon Lower customs clearance surplus
      344 2 Reuter JAPAN'S customs clearance trade surplus fell to US$l.OB billion (5J2.37 billion) last month from a downward revised $1.49 billion in October, but rose slightly from last November's $1.02 billion,the Finance Ministry said in a preliminary report. November F. 0.8. exports rose 21.2 per cent from
      Reuter  -  344 words
    • Article
      MEMO PAD
      316 2 COURSES AN$ TALKS Oct 16-Dec 18 (every Monday): A detailed study of reinsurance and its role in the conduct of insurance business, srrc, srrc. Nov 6-Jan 27:. Life insurance agents certificate course (English and Chinese), SITC, srrc Feb 12-13: Finance for nonfinancial managers, Ming Court, Price Waterhouse Feb
      316 words
    • Article, Illustration
      Amend law to make firms tell more...
      742 3  -  CONFERENCE OF S'PORE ACCOUNTANTS By SOH TIANG KENG Singapore's Companies Act should be amended to make it mandatory for firms to disclose adequate and timely information to shareholders. This call was made yesterday by Mr. Jose Rojas, a principal of Goh, Tan and
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    • Article
      Disclosure is still not up to expectations
      581 3 THE PRESENT standard of company disclosure in Singapore is not good enough. Without adequate disclosure standards, it not possible to make proper assessment of the quality of earnings in which dividends are paid. This point was driven home yesterday by Mr. Peter Sutherland,
      581 words
    • Article
      Gold Medal award
      124 3 THE SCIENCE Council of Singapore is inviting nominations from professional bodies, institutions of higher learning, government and statutory boards and industry for its Gold Medal Award. The award is given to persons who have contributed significantly by their research or expertise to the scientific, technological, industrial or
      124 words
    • Article, Illustration
      When Chinese will go computer
      208 3 IF THE Chinese Language is to be computerised, the language itself must first be standardised. At the same time, the keyboard used for Chinese Language computerisation must be consistent too, said Dr. M.Y. Hsiao (above). IBM's senior engineer and manager of Laboratory Engineering Analysis, data
      208 words
    • Article
      Australia plans free flow of more mineral exports
      279 3 the AUSTRALIAN government proposes to remove export controls on a large number of minerals once it consults the state governments and the industry, the Minister of Trade and Resources, Mr Doug Anthony, said. All Australian mineral exports now require routinelyissued export permits.
      279 words
    • Article, Illustration
      TAYLORED TO ASIA
      311 3 AN AUSTRALIAN dvU and straetaral naasaltln; engineer, Mr. David Taylor, has vWted the PaUk> Weeks Department and llanalng Baaed te dtors—the latest tnhnlff far r—ti si ling retaining walls and multi-storey prefstohjatod "Wf These are twa aspects sf straetaral engineering sf parttealar Interest te A method sf
      311 words
    • Article
      City Prize winners
      208 3 THE SINGAPORE International Chamber of Commerce awarded 20 prizes to commercial and business students yesterday at the 27th annual presentation of awards from the chamber's City Prize Funds Its chairman, Mr. D.M.Brown, made the awards at the chamber's secretariat in Denmark House. "This fund was created by
      208 words
    • Article
      KL is urged to cut computer duty
      167 3 AN APPEAL has been made to the Malaysian government to recontider the import duty on computers which is said to be excessively high and a major factor slowing the expansion of the market in the country. Mr Huang Heng Chuen, managing director of
      167 words
    • Article
      Lock icon Indonesia attracts IFC
      55 3 AFP. THE International Finance Corporation (IFC) announced on Thursday that it will send a high-level mission to Indonesia to explore ways to assist and promote investments there. The IPC, a World Bank affiliate, said the mission marks the opening of an intensified effort to increase its investment
      AFP.  -  55 words
    • Article
      Esso's gift
      61 3 ESSO Singapore yesterday donated $3,000 to the Jurong community centre to enable its library to buy new books. Mr. Ho Kah Leong, the MP for Jurong, who received the donation on behalf of the centre from Mr. J.J. McGrory, Esso's refinery manager, said he expected the library to
      61 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      390 2 m *T I s m W--1 I,tiki A w\^/i, Vv> Hnmivn books mHKE IDEM GIFTS ®ire affCunlynJ&ook thifßhristmas The Illustrated History of Rock Music Tell the story of rock and roll from its creation in the 1950's to the diverging sounds of today. There are detailed accounts of the music's
      390 words
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      109 3 From today... one more IDD Destination: Spain (inducing Balearic Islands, Canary Islands, Ceuta and MefiHa) Country Code 34 Charge per block pf 6 seconds $0.90 Other IDD Destinations are Andorra, Australia, Bahrain, Bermuda, Canada, Cyprus, Denmark, Fiji, Finland, France, Federal Republic of Germany, Hawaii, Hong Kong, Republic of Ireland, Italy,
      109 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      658 3 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 It's uniformly decorative (5) 8 Front-running horse? (5) 10 Eager to produce 4 *3 across" (5) 11 Thirsty band in the street (3) 12 Statement made with many an objective (5) 13 Steel man (7) 15 The way of a friend makes a bit
      658 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      361 4 THE Singapore rubber market yesterday closed slightly higher with January One RSS buyers quoted at 235.000 cents per kilo, up 1.50 cents from Thursday's close, dealers said. Opening prices were marked up one cent qn upcountry buying and weekend covering, they said. Afternoon prices improved slightly
      361 words
    • Article
      Closing prices
      29 4 Rubber: Dec 15 Singapore: January: 235.00 cents (up 1.50 cents) Malaysia: January: 237.25 (up 2.00 cents) Tin: $1,774 (down $11) Official offering: 181 tonnes (up 6 tonnes)
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    • Article
      RAS PRICES
      353 4 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int 1 R.S.S. prompt f.o.b. 234.00 235 OON 234.00 235 00N Int. 1 R.S.S. Jan 235.00 235.50 235 00 235.50 Int. 1 R.S.S. Feb 237 50 238.00 237.50 238.00 Int. 2 R.S.S.
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    • Article
      SSR and SMR
      105 4 NOON SSR and SMR prices yesterday: HAS lu ury Fekrury (Curat Mtfc) (Forward Mth) Bayers Sellers Bayers Sellers SSR 20 (certs PwM> (eeato per kx) (1-ton pallet) 236.00 238.00N 237.00 239.00N SSR 50 (1-ton pallet) 233.00 235 OON 234 00 236 OON MRKLB SMR 5CV (1-ton pallet)
      105 words
    • Article
      Rice
      189 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne F. 0.8. basts Bangkok) WMte riee: 100 pet Ist class 335, 100 pet 2nd class 320. 100 pet 3rd class 315. 5 pet 308. 10 pet 290. 15 pet 280, 20 pet 275. 25 pet 270.
      189 words
    • Article
      Produce exchange
      377 4 QUIET trading conditions prevailed on the Singapore produce market yesterday as dealers continued to adopt a wait-and-see attitude. Prices generally tended lower in line with levels ruling in overseas markets. And dealers are still waiting for clearer news to emerge from Indonesia before committing themselves. Dealers reported arrival
      377 words
    • Article
      Chinese acceptances cushion decline
      327 4 EASIER conditions prevailed for the major part of the week, with the nearby positions showing a loss of some ten cents per kilo, about two cents above the recent low point, said HsHday, Co tier and Bath in its review of the Singapore and Malaysian rubber
      327 words
    • Article
      Palm oil
      71 4 C.I.F. North European port*, in US dollars per ton unless otherwise stated. LONDON: Thurs Previous Malaysian 5*ffa bulk per tonne February unch OOOslr Sumatra 5% ffa bulk December unch 000 SlOpd January 8l0pd 802' j OlOpd February 605 0O7.5Opd 595 007 V, March 605pd 5O50O5pd April unch 597
      71 words
    • Article
      Straits tin
      187 4 THE Straits tin price in Penang yesterday (ell MSll per pieul to H. 774, 174 above the International Tin Agreement wiling, dealers said. Despite strong demand locally and from Japan, sentiment was influenced by the sharp declined on the London Metal Exchange and increased supplies of tin from
      187 words
    • Article
      Copper
      176 4 COPPER wirebars in London o Thursday lost £7 for cash and £6.5 for three months. The afternoon market was relatively steady in sympathy with the trend at New York although influential selling of cash metal was a feature. Morning pre-market values drifted under stale bull liquidation following a lack
      176 words
    • Article
      Hongkong Comex
      174 4 SUGAR futures trading in Hongkong yesterday remained quiet throughout the day on lack of interest, with three lots traded against eight on Thursday, dealers said. March closed at 8.70/9.06 against Thursday's 8.51/99 close, and July was at 9.20/ 55 against 9.00/40. Sugar futures closing prices: Oaatag Prvvta«i Clash*
      174 words
    • Article
      SPOT PRICES
      189 4 YARN and cotton in Hongkong dollars. spot ex-godown: Cattaa yan: China Blue Phoenix 20s 2.280 32s 2.830: 40s 3.101 (per bale of 400 lbs). Place guts: China Butterfly and Globe brand unq: Dragon Head unq; Five Lambs unq; Flower and Butterfly unq; Flying Geeae unq (per piece 36
      189 words
    • Article
      Cocoa
      168 4 TERMINAL cocoa in London on Thursday afternoon staged a short-covering rally from early lows, to finish around session highs at £8.50 down to £20 up in the forwards. Turnover totalled 4511 lots including four options and 1707 lots crossed. Traders said the late recovery reflected the market's constructive view
      168 words
    • Article
      Sugar
      154 4 RAW sugar futures closed £0.65 to £0.25 per tonne down and turnover totalled 1,123 lots in London on Thursday. The market held steady around lower morning levels in the afternoon aided by a comparatively steady New York market. Trader reports of F.O. Licht's estimate of final 1978/79 world sugar
      154 words
    • Article
      Coffee
      125 4 NEWS that Brazil will open green coffee export registrations for January/February/March at $1.60 per lb combined with New York's strong limit up close overnight contributed to early London gains yesterday morning of up to £45 basis spot January at £1,450 But highest levels were not fully maintained as early
      125 words
    • Article
      Wheat
      130 4 NEARBY wheat futures in Chicago on Thursday slipped in the morning on continued liquidation, but back contracts managed gains. The spot month lost 24/4 cents a bushel and the March 1/4 cent. Gains ranged from 1-1/2 to 3/4 cents. Traders linked the selling of nearbys to continued talk of
      130 words
    • Article
      Soybean
      139 4 SOYBEAN futures in Chicago on Thursday ended 6-1/2 to 2-1/2 cents a bushel higher after extending gains in late tradeing. Traders said the advance accelerated on moderate professional buying in the absence of substantial offerings. Commission house and local buying established earlier gains. Analysts attributed the move to apparently
      139 words
    • Article
      Gold
      287 4 GOLD futures were little changed on the day after a firmer opening in Singapore yesterday, reflecting higher overseas gold prices, dealers said. Trading was very quiet throughout and turnover fell to 38 lots compared with 103 lots on Thursday, with activity centred on February and April contracts while the
      287 words
    • Article
      Silver
      122 4 SILVER on the LME was down 1.4 to 1.5 penct per troy ounce in London on Thursday. Prices slipped back during the afternoon under moderate liquidation and stoploss selling down to 304.0 pence for three months on the kerb. The turnround at New York was the main influence, dealers
      122 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        435 4 THE US dollar was traded in a featureless market yesterday, with the weekend on and the Opec meeting due today. The dollar saw movements in the yen counter but remained unchanged in others. Prom an opening of 195.40/50 against the yen, the dollar first rose to 196.10/20 before
        435 words
      • Article
        Asian $ rates
        192 4 Asian rates ASIAN currency deposit interbank rates as at close on Dec 15 7 days 1 month 2 months 3 months 6 months 9 months 12 months I S Dollars Spot 1 Offer Bid 10 1/16 915/16 11'. U>. II 1/16 11 15/16 117/16 115/16 ir. if. 11. 11 119/16
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      • Article
        Australia/NZ
        61 4 AUSTRALIA/NZ exchanges quotes yesterday US dollar 1.1432 1 13W Sterling 0 5805 0 5739 Ninety-day air mail buying rates: Sterling 0 <032 US dollars 1 1836 Ninety-day forward buying rales Sterling 0 5852 US dollars 1.1481 Nets Zealand Sterling 0 S3* 0 5317 US dolUr 1 0685 1 0485
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      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7.5 per cent.
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      • Article
        Discount
        56 4 Mange of prices offered by diacouat house* oa Dee 15: Overnight 2' to 4 1 Call deposit* 3 to 4 1 Clociag Bayiag Selliag 3 month Treasury bills 4 1/16 3 15/16 3 month Bank bills 7 3/16 71/16 3 month CD 79/16 7 7/16 6 month CD 7'.
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      • Article
        Frankfurt
        53 4 FRANKFURT exchanges opening quotes yesterday: t'S 1 875 10 Can 1 8050 TO Si it 1.742 752 Dfl n 10 20 Sir 1U OO 25 ijt 2 235 45 Fir 43 45 55 Nkr 3t 97 37 07 Oft con 6 307 317 Bfr (in (208 (249 Yen 0
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        London
        164 4 STERLING- firmed in London yesterday, following the British government's victory in Thursday's vote of confidence in Parliament, while the dollar drifted lower in quiet end-week trading, dealers said. Sterling opened at $1.9811/18 and later moved to 1.9821/28 compared with 1.9755/65 overnight. Sterling trade index opened two points higher at
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        New York
        314 4 THE dollar in New York on Thursday ended below Wednesday's closing levels, although little changed from the opening, in generally active trading, dealers said. The dollar finished at 1.8985/95 marks, compared with an opening 1.9000/20 and 1.9020/40 overnight, and at 1.6880 6900 Swiss francs, against 1.6900/10 in the
        314 words
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        Tokyo
        174 4 THE US dollar for overnight delivery in Tokyo yesterday closed at 195.95 yen, up from a 195.20 opening but down from 196.75 at Thursday's close, dealers said. The dollar fell briefly to 194.90 yen in early morning trading but selling pressure was not sustained, the dealers said. But there
        174 words
      • Article
        Zurich
        56 4 ZURICH exchanges closing quotes on Dec 14: US 1(897-8912 SIR 3 3385-3427 Can 1 4283-4301 Dmk 89 1192-2454 Dfl 82 1839-25fi8 A FTr 38 77(8-8558 Bfi b 6305-6392 Dki 32 9730-33.0151 Nkr 32 9925-33 0347 Skr 38 2781-3231 Ut 0 1993-19* Auisrh 12.1(49-1844 Port 3 (*****92 Spain 2 3702
        56 words
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        Hongkong
        47 4 HONGKONG bangknotes yesterday: US 4.11/4.78 UK »35 "9.55 Burma 1.38/1.S0 India 4 70 4 )0 Indonesia 0 70/8.80 Japan 2.435 2.446 Korea 0.75/0 J5 Philippines 0.585 0 805 Singapore 2185 2-* Malaysia 2 175 2.US Bnmei 2 15 2.17 Thailand 2350 23.00 Taiwan 12 20 12.58|
        47 words
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        Treasury bill tender
        49 4 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Dec 18 to Dec 22Offered: $30,000,000 Applied far: 145,580,000 Allotted: $30,000,000 Accepted bids: $98.99 approximately 57 per cent higher bids in full Average rale «f dfceaut m alletaneat: 4.035 per cent per annum.
        49 words
    • Article
      Lead
      96 4 LEAD was up £13 for cash and down £1.5 for three months in London on Thursday. Afternoon rices partly recovered on short-covering prompted by the morning's lower levels and three months traded back to £400 before renewed selling on the kerb trimmed the position to £397. The morning market
      96 words
    • Article
      Zinc
      56 4 ZINC was down mostly £0.25 in London on Thursday. The afternoon market was steady on light covering support up to £359 for three months. The morning pre-market was subdued in sympathy with the easier tone in lead but values steadied in the ring where renewed producer buying interest developed.
      56 words
    • Article
      Aluminium
      30 4 ALUMINIUM finished £1 down for three months in London yesterday morning. Traders said prices softened slightly through lack of buying interest with turnover of 275 tonnes boosted by carries.
      30 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      143 4 PAUL m as \r tar; A sequence of twenty episodes in the life of Ayer Hitam in Malaysia, seen through the eyes of the resident American Consul. The whole spectrum of life in Malaysia is echoed, from adultery to murder, from ghost stories to the vagaries of diplomatic politics until
      143 words
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  • OVERSEAS
    • Article
      Lock icon Fed sees deposit shifts to free trade bank zone
      160 5 Reuter THE NEW Ysrk Federal Reserve BmH has said that (wdpers might shift faads (rem ether latcraattoaal baaldag ccatres aad tram haak sfflccs la the US te freetrade haak Maes if they are created. The heard said it is Me sf
      Reuter  -  160 words
    • Article
      Lock icon Ford strike blamed for UK deficit
      127 5 Reuter., A NINE-WEEK strike by 57,000 workers at Britain's Ford plants, which ended last month, caused a fall in exports which helped plunge the country's trade balance into deficit for November. Exports fell by £46 million (about SJI9S million), and the British Trade Department
      Reuter.,  -  127 words
    • Article, Illustration
      Lock icon Panic uncalled for should recession strike
      649 5 AP, UPI. A RECESSION in the United States may be unavoidable and the Carter Administation should not panic if one occurs next year, said Dr Arthur Burns, former chairman of the Federal Reserves Board. "Recessions are passing developments in the life of a nation,
      AP,; UPI.  -  649 words
    • WORLD IN BRIEF
      • Article
        Lock icon BORROWED ROOTS
        503 5 Agencies. ALEX HALEY, author of the best-selling book Roots, asked about his successful search for the African origins of his American slave ancestors, admitted in a New York court that he had used passages from another book in writing it. Harold Courlander, author of the other book, published
        Agencies.  -  503 words
    • Article, Illustration
      SHIPS IN PORT
      254 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Adhiguna Harapan (0700 after Kota Puni) 10/11 Agathis (2300 after Golden Wonder) 25 26 Golden Bear (1200 after Bunga Melor) 15 16 Rarakoram (2000 5 Kostrena (after Scotland Maru) 33 34 Nedlloyd Van Diemen (0900 after Leningrad) 3/4 Palm Sea Horse (1200
      254 words
    • Article
      Lock icon Coffee body may act as price falls
      267 5 AP. WORLD average coffee prices have decreased below trigger price levels, opening the possibility of an emergency meeting in London to discuss export quotas, the International Coffee Organisation said on Thusday. Figures released by the organisation show the average world price of Central
      AP.  -  267 words
    • Article
      Lock icon Taipei lowers growth target
      214 5 UPI. TAIWAN'S Economic Planning Council has set the country's economic growth at 8.5 per cent for next year, lower than the expected 12.79 per cent of this year. Sources from the council said on Thursday the gross national product of 1979 is predicted at USS2S.I billion
      UPI.  -  214 words
    • Article
      Lock icon Sweden opts out of EMS
      102 5 Reuter SWEDEN has decided for the time being to stay outside the new European Monetary System (EMS), although a Bank of Sweden statement said it took a positive view of the new system. The decision, taken this morning by the Swedish central bank in consultation
      Reuter  -  102 words
    • Article
      Lock icon Imports a boon for Americans
      202 5 UPI EVEN with the deellae af the Mlw ia lateraatieaal l»de, the availability af imparted gaads ia the Ualted States saves Amerteaa raasamers mere thaa USfZ Mlliea (854.4 bttllea) each year, aeeardlag U aa Industry sarvey released sa Tharsday. The stady, pay far hy the
      UPI  -  202 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      662 5 ARRIVALS Service Local Operator Number Time From GU GA944 lUto KKU GIA GA908 U00 MES PAL PR501 1135 MNL GIA GA982 1200 HLP SLA SQ240 1210 MES KLM KL837 1210 AMS/FRA/ KHIBKK j SLA SQ63 1213 MNL SLA SQ201 1245 HLP MAS MH684 1250 KCH TMA TL356
      662 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      95 5 KRII KDREANRE AS A SOLE REINSURER IN KOREA wishes to announce the official opening of the Singapore Branch Office to cover the South East Asian Market from 18th December 1978 at Ocean Building i? Suite 2206, 22nd Floor Collyer Quay Singapore 1 Telephone: ***** Congratulations to On the occasion of
      95 words
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  • Article
    Air of Concorde prevails again
    245 6 ALL THE signs were there. Whether it was foresight or just happy coincidence, the latest issue of the British Airways newsletter carried a colour poster with two Concordes on display and the words: "New York 3-1/2 hours. Singapore 9-1/2 hours. Small world." Also, SlA's European
    245 words
  • Article
    Tale of a dream city coming true
    285 6 THE INTENDED acquisition of 82,000 square metres of some of the best-located property in Singapore comes as a surprise to many, but only in terms of its size. The acquisition really should not have come as a surprise to anyone. It was a
    285 words
  • Article, Illustration
    Lock icon Strauss still optimistic as world trade talks reach a showdown
    1629 6  -  EUROPEAN OFFICIALS ARE LESS CONFIDENT ROBERT STRAUSS is talking optimistically as international trade negotiations head towards a climax this weekend, five years after their ceremonial beginning. But he also is limbering up for a razzle-dazzle rescue operation just in case.
    Washington Star  -  1,629 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      287 6 No dinner is complete without a White Label Another quality product from Getaway to Sentosa For a fun-filled X'mas New Year holiday package Do something completely different this year. Pack up your bags and take off to Sentosa. Then enjoy 3 days and 2 nights of fun and excitement at
      287 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      64 6 mmmm OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in late morning. Report for 24 hours prior to 7.31 p.m. on Dec 15 »t the airport: Maximum temperature 30.2 C Associated humidity 67 Minimum temperature 23.5 C Associated humidity 97 Hours of sunshine 6.75 Rainfall in millimetres
      64 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      291 6 TiVF&VtWDTu SINGAPORE 5 12.55 PM Opening and Sesame Street* 1.55 Saturday Matinee The Fiercest Heart* Starring Stuart Whitman, Juliet Prowse, Raymond Massey, Rafer Johnson 3.30 Fish The Missing Fish* 3.55 Soccer Lion City Cup (Final)* 5.00 Sandiwara Sayang Sayang Buah Kepayang A Malay drama (Repeat) 5.40 Code R The Fire
      291 words
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  • Article, Illustration
    Lock icon Opec takes Iran into account
    737 7  -  By ROBERT McCARTNEY AP. THE ANNUAL pro-Christmas session of Opec has already agreed ea the aeed to raise the world's oil price, hat the eoafereaee will open today in a tease atmosphere strained by rebellion in Iraa, the world's second biggest oil producer. Oil ministers
    AP.  -  737 words
  • Article
    STRAWS IN THE WIND
    325 7 AN international management consultant firm has come up with an unusual brochure which is ambitiously called "Executive Title Computer". Inside, arranged in circular fashion, is a list of executive titles in English, Flemish, French, Italian, French, German and so on. These lists are covered with a
    325 words
  • Article
    The Yanks are not going home
    1021 7  -  DESPITE DOUBLE TAXATION By ROBERT MUSEL WHEN THE DOLLAR plunged in early October and American expatriates on fixed incomes ironically claimed they would soon have to save up for a hamburger, there were many who saw the decline of American currency in the terms
    1,021 words
  • Article
    Great Eastern coverage
    203 7  -  Letter to the Editor C.H.FOO Sealer actaarlal aoslstaat Great Enstern Life Assnraaee Dear 81r, We refer to the article pnbtished la Business Times yesterday entitled "Great Eastern te be lasarer el 8C Scheme". We wish to Mag to year otteatlsa the fellewiag: I. The paragraph, "Apart (rem
    203 words
  • Article
    Top crusade management
    836 7  -  [FORUM i ...with Soh Tiang Keng A STRIKING feature of the Billy Graham Crusade is the skilful use of business and marketing techniques to spread the Christian gospel to the people. Even some critics of Dr. Graham's evangelistic style grudgingly admit the recent Singapore crusade was organised
    836 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      356 7 and where to entertain 11 A nvMty «m« m «>• Moby DicK Cof»*« Houm (Orch«J (nnv *o«imiehoie*of boot. cfwcftan. mutton, port a* trwh mm tood. And rami wttoto lanb on Sundays OTHER MOBY OICK SPECIALTIES: CMIN «MHMd CnM »d O«Mr IOO« hwh Mtood. Daily BufteLunclttMitmne local tavowrttwwid O«CHD Ml 214
      356 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Market sentiment turns bearish
      601 8 TOKYO Source: Daiwa Securities THE MARKET was bearish yesterday over a broad front due to the warning by the governor of the Bank of Japan against the recent sharp rise in stock prices and rumour of lowering of the market value of stock used as collateral
      Source: Daiwa Securities  -  601 words
    • Article
      Sydney
      387 8 THE RECENT market rise came to an abrupt halt yesterday, with the share price index recording its first fall in 17 days, dealers said. BHP lost ground, falling to 18.76 from Thursday's $9-02 high at one stage, but closed firmer at $8.84. Bridge Oil shed 10 cents to 11.30,
      387 words
    • Article
      Bangkok
      327 8 THE STOCK market yesterday closed mixed, with gains in the majority, and the Book Cub index rose 0.65 of a point to 218.98, dealers said. Bangkok Bank gained 6 baht to 420, Bangkok Investment 8 to 368, Asia Credit 4 to 472, while Bank of Ayuthaya, Union Bank of
      327 words
    • Article
      Manila
      162 8 THE MARKET yesterday closed higher across the board with turnover rising to 10 million pesos from Thursday's 9 million, dealers said. Gainers were Oriental B, Podco B, Seafront, BF Goodrich, Meralco, San Miguel B and Usiphil while losers were Acoje Mining, Atlas Con B and Marinduque B. Unchanged issues
      162 words
    • Article
      Lock icon Hongkong
      307 8 Source: FM SHK Sec Ltd. ON THE eve of the Opec meeting it was not uprising to see low level activity. There was little news to affect prices. Hong Seng index 508.02 +0.43 Turnover HK532.37 million DEC 15 HK* Amu Rubber ISO 0J6 AaodtUd Hotels 100 -12 Unman Cheonf
      Source: FM SHK Sec Ltd.  -  307 words
    • Article
      Selected Indices
      61 8 FINANCIAL TIME8 INDUSTRIALS Thursday 477.9 Wednesday 480.7 Week Ago 401.5 DOW JONES AVERAGE INDUSTRIALS Thursday 812.54 Wednesday 800.88 Week ago 818.00 LONDON DOLLAR PREMIUM Thursday 75'* to 78 Wednesday 80' > to 81 H.K.HANG SENG Friday 506.02 Thursday 507.59 Week ago 522.72 SYDNEY INDUSTRIALS Friday 457.19 Thursday 458.81
      61 words
    • Article
      Lock icon Pioneer acquires Shriro
      75 8 UPI. PIONEER Electronic has announced that its Belgian subsidiary, Pioneer Electronic (Europe), has taken over Shriro of Britain. The British company, affiliated with the Shriro trading group of Hongkong, has been renamed Pioneer High Fidelity (GB), the Japanese Arm said. Mr. Robert Todd, managing director of Shriro
      UPI.  -  75 words
    • Article
      Zurich mixed
      543 8 EUROPEAN MARKETS ZURICH stock prices were narrowly mixed in continued quiet trading on Thursday. Dealers noted investor caution following the assessment of the Swiss economic prospects for 1979 by Credit Suisse and the renewed easier tendency of the US dollar. A feature among Financials was the continued firmness
      543 words
    • Article
      Zurich
      196 8 DEC 14 Francs Action* 3uLues *71 •1 Alusulsee Br lOW •10 Alusulsse Rag. MO Brown Boveri Br. IMS -1 unch Cite Cfetcy Br. loss 4-1 CI be Oelgy p C no unch CltM Oelgy Rm Credit Suisse Br or ***** >2 unch Credit Suisse Reg 423 •1 Etektrowmu Br
      196 words
    • Article
      Paris
      260 8 DKC 14 Pr» CORBEILLE Alr-Llqutde B 8 N 0«rnl< Dtnont car (ThomaonCle Prancatoe dee Petrolet Compacnle Flnanclere CowipfnH General* Credit Poncter De Ftinn 3M 564 *5 138 10 JMJB 461 JO -U -10 -1J -IJ 18 Hachette (Ubrmliie) Wirhlnw lflcbclln (B) Partba* Pechlney Clglne Kuhlmann Peufeot Philip* (Nt Oem
      260 words
    • Article
      Amsterdam
      189 8 DEC 14 ru ARM J7100 1 Ahold lOtJO 02 Akao MM -01 AMEV 80 00 ■41 Amfas lauo 0J Am rot Bank 7S.00 unch 5100 (1 10 -2 -01 Bote 10J0 -04 BorsumlJ 147 JM 1J Burhmann TUB 0J Byenkorf (MO -02 Calve mm 186-50 LI Dell Ml) 121
      189 words
    • Article
      Brussels
      100 8 Die 14 m FORWARD MARKET Aeee 400 unch Arted 2115 -IS Bra. Bra Chii ■can 432 t -Lamb 1(35 Ptt KM ■m inch US 10 n Cocl Dt; k 450 1 Been in tDH 2366 +13 Electrotoel 7110 +M Ob- Inno-Bm MM -M rw 1400 «0 Hobok MM M
      100 words
    • Article
      Frankfurt
      196 8 DEC M Dm Aef-Telefunken Akao Alto Leben Alls Van 77 JOB jgjo moo mm -02 4 4-1 BASF BvHT Wbank Bay Vbank 13M0 ***** SB 10 0J Btnr 140 JO 0J BBC 3IZM J ft WW 23ft. 00 0J Caaaalla Ml JO •4 Cbem Vanr Commcrzbank ConU Oummi Daimler-Bens
      196 words
    • Article
      Milan
      95 8 DEC M Anlr Aaaoc Oen Butflft Central* Flat rtnttter Oen Immob IFI Pit Italcemenu Un 9400 «70 4395 2734 130.19 72 aii ***** -IS -100 -30 -US -01 -4-2S -1.25 -m •1170 IUl«u 790 -9 IUlaMar 310 -9.19 Macnetl M PI 400 -13 Martfll Ire OOJO 0-29 Med lot)
      95 words
    • Article
      CHICAGO BOARD OPTIONS
      1605 8 On December 14 CHICAGO Board Options exchange volume increased to 89,967 contracts from Wednesday's 77,677. OPTION JAN APL JLY 8TOCK Alcoa 40 UNTRD UNTRD NOL 473/4 Alcoa 45 4 1/8 51/8 UNTRD 473/4 Alcoa 50 11/8 23/4 UNTRD 473/4 Alcoa 60 UNTRD UNTRD UNTRD 473/4 Am Exp
      1,605 words
    • Article
      Blue chips and glamours shine
      1178 8 NEW YORK GLAMOURS, blue chips aircraft stocks were among the few bright spots in a generally dull Thursday market as stocks moved mostly lower in slow tradingAnalysts said investors are reluctant to risk capital in the market in the face of a number of uncertainties,
      1,178 words
    • Article
      Johannesburg
      370 8 GOLDS were quietly easier on Thursday on a general lack of interest and some uncertainty ahead of next week's US gold auction. Losses ranged to 75 cents amongst heavyweights and around 10 cents elsewhere. Mining financials were mostly unchanged to harder with Johnnies 25 higher at 2,975. Diamond share
      370 words
    • Article
      Toronto
      281 8 THE market closed lower on Thursday in moderate trading. The composite index was off 1.9 points and declines outnumbered advances 209 to 197. Paper and forest stocks were stronger, with Abitibi paper up one to IS 1 and Domtar I's to 24't, both in active trading. Canadian Imperial Bank
      281 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      148 8 0. H Total Poker is a book for winners: it's as good as having four aces and another up your sleeve David Spanier clearly analyses modern play and modern players, with an in-depth examination of the tactics, techniques, bluffs and skills necessary for success at poker. The book gives a
      148 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Quebec province takes over Asbestos Corp
      323 9 AP THE Quebec provincial government introduced legislation yesterday to nationalise Asbestos Corp, the province's second-largest asbestos-mining company, .provincial Finance Minister Jacques Parizeau announced. He told the provincial legislature a study prepared for the government fixed the value of Asbestos Corp shares at USS4O to
      AP  -  323 words
    • Article
      Eastern's bid will help Texas
      144 9 EASTERN Airlines Inc's bid to acquire National Airlines Inc may improve Texas International Airlines Inc's chances of acquiring National, Texas International said. Texas International now holds 24 per cent of National's shares and has asked the US Civil Aeronautics Board to approve its proposed bid
      144 words
    • Article
      Lock icon Poseidon shares are back
      97 9 Reuter POSEIDON Ltd shares opened in Sydney on Thursday at 65 Australian cents when they rejoined the Australian share lists after a two-year absence and quickly reached 70 cents equal to their last-traded value before suspension in October 1976 and subsequent delisting. The company is now
      Reuter  -  97 words
    • Article, Illustration
      Ford Aerospace clinches sale
      253 9 FORD Aerospace and Communications Corporation, a subsidiary of Ford Motor Ctmpuy, will supply the Indian Department of Space with two satellites and allied equipment ter the Indian National Satellite System (INBAT-1). The INSAT-1 Is a mnlti-pvpsse domestic satellite system ter telecammuieatieas and meteorology and also can
      253 words
    • Article
      Lock icon Philip Morris to build a new headquarter
      658 9 N. AMERICAN h 4 NYT PHILIP Morris Inc, which has grown from a mediumsized American tobacco company in the 1960s to an international conglomerate expecting revenue of US$6 billion this year, will build a new headquarter at the south-west corner of Park Avenue
      NYT  -  658 words
    • Article
      Lock icon BLOCK MAKES GOOD
      716 9 NYT WHEN Henry and Richard Bloch started a small bookkeeping business in Kansas City in 1946, no one dreamed that their company would become America's leading preparer of income-tax returns. But last year H and R Block prepared 11.1 per cent of all US individual tax returns
      NYT  -  716 words
    • Article
      Lock icon Stelux is deeper in the red
      328 9 ASIAN L FT STELUX Manufacturing, the Hongkong-based watch company, sunk deeper into the red last year, producing a group net loss after extraordinary items of HKJ6I.4 million compared with a smalf deficit in the previous year to March 31. The company, which has a
      FT  -  328 words
    • Article
      Lock icon Kanebo outlook uncertain
      145 9 Reuter KANEBO Ltd said the outlook for the year next April 30 is uncertain and it expects to make no dividend payment for the third consecutive year. The company said it expects sales to be unchanged in the second half from the first half's 140.77 billion yen
      Reuter  -  145 words
    • Article
      Lock icon Italian firm gets pay-up promise
      161 9 Reuter CONDOTTE d'Acqua SPA, the Italian construction firm which is building the USfl.l billion port at Bandar Abbas in Iran, has been promised resumption of payments by the Iranian authorities, chairman Loris Corbi said. The firm is owed about $140 million by the Iran government,
      Reuter  -  161 words
    • Article
      Lock icon Air France foresees loss
      110 9 AP AIR France, the French national airline, said it expects operation of its Concorde supersonic airliners to show a loss of 86 million francs in 1978, up from an earlier forecast of 32 million francs. The revised estimate arose from higher maintenance costs and fewer passengers
      AP  -  110 words
    • Article
      Lock icon GEC-Hitachi venture sets target
      231 9 EUROPEAN k 4 Reuter GEC-HITACHI Television Ltd, a new joint company formed by Hitachi Ltd and Britain's General Electric Co (GEC), will produce about 200,000 colour television sets in calendar 1979, Hitachi managing director Shinpei Kobayashi said. He said the British government last Tuesday approved the
      Reuter  -  231 words
    • Article
      Lock icon Hawker makes its biggest bid
      412 9 FT HAWKER Siddeley has launched its largest takeover bid with a £40.5 million cash offer for Westinghouse Brake and Signal. The deal will create a railway equipment business with a combined annual turnover approaching £100 million. Hawker said the acquisition would create a comprehensive railway
      FT  -  412 words
    • Article
      ICL is confident of hitting target
      179 9 ICL Ltd is confident of achieving turnover of £1 billion by 1983, chairman Tom Hudson said. He said ICL will not reduce profits through increased capital expenditure and has sufficient internal funds for project financing. The company earlier reported pretax profit of £37.5 million
      179 words
    • Article
      Lock icon Distillers expects improvement
      96 9 Reuter DISTILLERS Co Ltd said it expects a moderate improvement in the group's results for the whole year 1978/79, compared with the £160 million of 1977/78 provided there are no serious industrial disruptions, either in its own plants or in the service industries. In a statement accompanying
      Reuter  -  96 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      212 9 r" The NEW CXfCRD ILLISTMTED DICTICNARy 1478 1978 UME A AC IL\ VXMf m I NRV W—"V E IB /VM THf MW k_ ;i /*W h s r^in Two Volumes Here it is Oxford celebrates its Quincentenary Year (1478 1978) with the publication of THE NEW OXFORD ILLUSTRATED DICTIONARY. The
      212 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1064 10 BID and offer price* officially listed and business In and reported to the Stock: Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett". Big Board deal
      1,064 words
    • Article
      Government bonds
      250 10 »JW* 1/8/80 (2SO 000 (98-258 nnß) 18/#/#0 (250 00 (W.OOB ?OOJOB) 1/VM <250.000, (,00 158 wniwm (aMW) IMLUBf 88 (100.008 1 *'4* 15/4/8® (250.000, (100.75B) 7 1/4* 15/10/86 (250,000) (100.75B) (250.000, (100.758, 5 3/4% T F 15/7/87 (250.000, (10,508) v 6 1/** T F 1&/8/87 (250.000, (100.408 100J58)
      250 words
  • Article
    Unit trusts
    137 10 BNOArouvmnuR The Commerce The Saving Fund S pore Prof Fund S pore Sec. Fund S pore Invest Fund Isr Dm It) tor 270 l.» 1.37 on o* 1.1* 180 la i.» MUVNITnUT rhtm Mai Invest Fund Mai Prof Fund Mai Security Fund Mai Bar)aya Fund hrDseU) 21« 2.28
    137 words
  • Article
    SHARE INFORMATION SERVICE
    2512 10 Gr'i Gr'» Net 1978 Last Div Diy Yld P/E Vol Day nl|B low Company Sale or- C*T eooo) High Low SECTION ONE INDUSTRIALS 272 132 Aetna 211 1 12.0N 15 5.6 2Z9 14 212 210 238 123* Alcom 234 10.0 22 45 175 178 107 Allied Choc
    2,512 words
  • Article
    In Kuala Lumpur
    1317 10 K? r prlce officially u d business In and 1 Ule Kuala Lumpur Stock Exchange yesterday with m^ r of shares traded shown in brackets in lots of 1.000 units unless otherwise specified. INDUSTRIALS Acma (2.058). Aiiiwmtt* (2.708). Aicam U.S3B 1 S7S). A Chat 11.128 1.138). AMD
    1,317 words
  • Article
    COMPANY MEETINGS
    435 10 Fasaa Fishing Net Mnaafaetariag BM: EOGM to be held at North Klang Straits Industrial Area, Port Klang, at 10.30 am today. Snath East Asia I aahw CarpsraOsa BM: AGM to be held at Site No. 30, Tasek Industrial Estate, Ipoh at 3.00 pm today. Slagapere Laad Ltd: AGM
    435 words
  • Article, Illustration
    Opec meeting keeps the market in limbo
    423 10 LACK OF taaikttoa m the part sf Nik bayers ike Stock KufeMf/ af Lj to sf Jto skt IS-' ft MmS sf days ntoMtoi ns it day pr.gr—ad. It was Mkghtty bettor la tke Ant lew Imws «f trading with mat ihare prices
    423 words
  • Article
    Market closes on a slightly easier note
    592 10 IN THE ABSENCE of follow-through support, prices slid to a slightly easier close at the Kuala Lumpur stock market yesterday. Trading was again drab and listless. Interest to deal was confined so the handful of market favourites and these shares traced a slow
    592 words
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  • COMPANY NEWS
    • Article
      Extraordinary losses wipe out Synthetic Resins' trading profit
      543 11  -  By P. GUNABEGARAM AFTER THREE years of trading losses, Synthetic Resins (Malaysia) finally turned in a reasonable trading profit for the year ended June 30 but only to see it being wiped out by massive extraordinary losses by its 49 per cent-owned
      543 words
    • Article
      The 'twins' are well but results mixed
      1413 11  -  TAXATION A HEAVY BURDEN By SUSAN BEVAN AFTER ITS last difficult financial year to June 30, Malayan Tin Dredging has produced more tin than expected in this year's first quarter with the dredges working in higher grade reserves. Thus, chairman Encik Junus Sudin
      1,413 words
    • Article, Illustration
      Differential between HK & US prime rates affects stock market
      355 11 Differential between HK US prime rates affects stock market A HONGKONG steekbrakiag Arm, San Hug Kal Secsrities Lli, sayB tkat the receat dramatic fall la the Hang Seng Index was primarily a rwpwMn la sharply higher interest rates, and la the shart term at least, the market will remaia interest
      355 words
    • Article
      COMPANY BRIEFS
      343 11 ISLAND AND PENINSULAS DEVELOPMENT BHD has informed the KLSE that Tradewinds (M) Sdn Bhd had on Nov 30 bought 9,504,000 shares in the company. This brings Tradewinds' interest in I and P to 15.23 million shares or 50.86 per cent of the issued capital. CONSOLIDATED j PLANTATIONS said
      343 words
    • Article
      DIVIDENDS ANNOUNCED
      632 11 Carreat Ex Books Date Total for Total for Parmat Data ClOM Payable the year Pravioua ytai A Hilam Plant lS*(b) Nov 22 Dec 2 DecS 15* IS* A Eat 10HI Nov 10 Nov 23 DecS 10* 20*<C) Talam Mine* 10*1 Nov 10 Nov 22 Dec 8 10* 15*(d)
      632 words
    • Article
      SCRIP ISSUE
      213 11 Company Particulars Ex Date Booka Cloae S'pore Land Rights Issue of 1 for 3 $1.40 per share Dec 15 Dec 22 Synthetic Retina Rights Issue of 2 for 5 if $1.00 per share Dec 13 Dec 26 Ked.C ablea Rights Issue of 5 for 8 *> $1.00 per
      213 words
    • Article
      STAKE IN M. CREDIT
      61 11 MALAYAN CREDIT LTD has announced that it received notice from Monfair OpticaL (Pte) Ltd, a 50.02 per cent- owned subsidiary of Jack Chia-MPH Ltd, that it has acquired a further 509,000 Malayan Credit shares. The latest purchase, on Thursday, increased Monfair's stake in Malayan Credit to
      61 words
    • LATEST RESULTS
      • Article
        KULIM (MALAYSIA) BHD:
        24 11 Interim dividend 10 per cent gross (same) for year ending Dec 31, payable Jan 31 to shareholders registered on Jan 8.
        24 words
      • Article
        ELECTRICAL AND ALLIED INDUSTRIES BHD:
        63 11 Unaudited pre-tax profit M 5510,000 for half year ended Sept 30 (no comparison because of a fire at the company's premises in May last year). Company said it has satisfactorily settled its insur- a nee claim for damage to the factory premises, plant and inventories
        63 words
      • Article
        SOUTH JOHORE AMALGAMATED HOLDINGS BHD:
        38 11 Group pre-tax profits at M 5202.000 (loss $112,000) for the year ended Sept 30, 1978 on an operating income of $3.3 million ($2.6 million). Parent company's loss is reported at $35,0Q0 (loss $81,000
        38 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      344 11 The LIF Ej Library Of Photography helps you to see great picture possibilities -all around you... 1 s > (i The Life Library Of Photography Each volume measures 10 x 10'/* inches (26 x 26 cm). Hard cover, silver stamped black cloth binding. 240 pages. Approximately 300 illustrations, many In
      344 words
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  • Article, Illustration
    Annual reports that layman understands
    728 12  -  By SOH TIANG KENG COMPANIES are urged to have two presentations of public accounts in their annual reports, one for the expert and one for the layman. This was stated by the Senior Minister of State for Finance, Dr Tan Eng Liang, yesterday. He also
    728 words
  • Article
    Textile shipment via third countries probe
    184 12 THE AMERICANS are looking into allegations that imports of textiles and apparel from major Far East suppliers are being transhipped through third countries to avoid quota limitations. A US Customs Service official said the agency was investigating the matter based on an allegation received
    184 words
  • Article
    Only 128 projects get approval
    379 12 FEWER development projects obtained Government approval in the third quarter compared with the second. A Ministry of National Development statement said the ministry granted planning approval for 128 projects totalling $296.1 million in the third quarter compared with 143 projects worth over $600 million in
    379 words
  • Article
    Lock icon MTN hinges on France
    269 12 AFP. BARRING a complete turnabout by France, a final package in the multilateral trade negotiations (MTN) in Geneva will not be ready as scheduled by the end of the year, diplomatic sources said. The EEC Commission, negotiating on behalf of the nine members of the European
    AFP.  -  269 words
  • Article
    LONDON STOCKS
    820 12 LONDON, Fri. Share prices firmed slightly today in the wake of yesterday's Parliamentary confidence vote in the British govu tffltnt but activity remained subdued, dealers said. At 3 p.m. the Financial Times index was up 3.6 at 481.5. Industrial leaders finished around 2p to 3p higher while government
    820 words
  • Article
    TWA SETS UP REGIONAL HQ IN HONGKONG
    168 12 The establishment of a new oversea regional headquarters in Hongkong and responsible for Trans World Airlines marketing activities in the Pacific, Asia and West Asia has been announced by Mr. D. M. Casey, TWA's senior vicepresident (marketing). The new organisation will be headed
    168 words
  • Article
    Foundation is laid for new cultural body to do well
    317 12 StNGAPOOTS anirft toimad Caltaral rimiallia art ap m Mirtiy, haa ae tar wwhei pledgee aaaaaattag to fIIMM. nitagk Ike pace at tatttm to wtort mv ttot far the Bfyw tnpdjr, the (taaMw ta aiarthrlnaa will related' to the caltaral dattoa
    317 words
  • Article
    Court told how safety system broke down
    330 12 THE DEPUTY general manager of the Jurong Shipyard's repairs division told the Spyro6 Inquiry yesterday that the shipyard safety system broke down on the day of the Spyros explosion because of "certain negligence along the levels of command". Mr. Tan Kui Kin, who
    330 words
  • Article
    Renewed bid for Japan's custom
    394 12  -  By COLIN CHEE in Kuala Lumpur ASEAN economic ministers have agreed to meet their Japanese counterpart soon in a fresh bid to induce Japan to buy more Asean products. This would enable three of the five Asean members to reduce their large trade deficits with
    394 words
  • Article
    Thai soda ash project
    281 12 THAILAND'S soda ash project will stay as a regional undertaking. Asean's Economic Ministers have accepted Thailand's proposals for costing and pricing. And if Thai figures are verified by officials this morning, the preliminary agreement for the project will be initialled by the five Ministers today, along
    281 words
  • Article
    Bank Rakyat's case
    215 12 •INVESTIGATIONS into the activities of Bank Rakyat are expected to be completed by the end of next month, Malaysian Prime Minister Datuk Hussein Onn told the Dewan Rakyin a special statement. The Prime Minister said the investigations, being conducted by an accounting firm, Price Waterhouse, are in
    215 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      145 12 See Page 2 PENGUIN BOOKSHOP Jg§js2| rh« RUNNER'S HarnifHtok < V* <44 TOMS&eiK T.^ t K i! 5 b is si IE Mr I HANOaoOK ULTIMATE, BOOK ON i RUNNING 7 KUHNBKS WHY DO RUNN&te MAKE =s /rumens jHuwtteooK mmtiNCr I sr/MuuoßA IAUASffOSIi Of HfALTN Here at last is The
      145 words