The Business Times, 26 October 1977

Microfilm: NL9453
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, OCTOBER 26, 1977 SO CENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon Dearer Kuwait oil
      72 1 AFP KUWAIT, Tues. Kuwait Is to Increase by 2.3 per cent the price of crude oil from its Warfa oil field recently taken over by the government from the US company Amlnoil, the dally Siassa reported today. The increase would be applied from the last quarter of
      AFP  -  72 words
    • Article
      Lock icon Lead, zinc find
      59 1 UPI TOKYO, Tues. The government-financed Metal Mine Agency announced today the discovery of high-grade lead and zinc deposits near Sapporo on Japan s northernmost main island of Hokkaido. It said the hunt for the deposits was conducted Jointly with the Hokkaido provincial government and Toyohana Mining Co.,
      UPI  -  59 words
    • Article
      Lock icon Paris follow-up
      76 1 AFP PARIS, Tues. Ministers and senior officials of 17 leading Western donor countries will start two-day talks here tomorrow on development aid and ways to follow up the Paris Conference on International Economic Cooperation (CIEC). Informed sources said a high-level meeting of the Development Assistance Committee (DAC) of
      AFP  -  76 words
    • Article
      Arab study teams
      45 1 JAKARTA, Tues. President Suharto has instructed the ministries of economy, trade and development to make preparations to welcome economic project and trade feasibility study teams from Saudi Arabia, Kuwait and Egypt scheduled to visiVlndonesia soon, state secretary Lieutenant General Sudharmono said today.
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    • Article
      Lock icon Cotton imports suspended
      51 1 AFP NEW DELHI, Tues. The government of India has decided to suspend the import of cotton with immediate effect, the English daily Economic Times reported today. This follows heavy losses by the government in meeting the requirements of various textile mills at subsidised prices, the paper said.
      AFP  -  51 words
    • Article
      Lock icon KL expects inflow
      64 1 Reuter KUALA LUMPUR, Tues. Prime Minister Datuk Hussein Onn said here today that about Ms 2 billion in foreign capital was expected to flow into Malaysia as a result of his visit to the United States. Datuk Hussein told Parliament that the money was already in the
      Reuter  -  64 words
    • Article
      Lock icon Dow Jones
      89 1 UPI NEW YORK. Tues. Stocks plunged early today In active trading threatening to push the Dow Jones industrial average below the 800-mark for the first time In more than two years. Major factors behind the sell-off were rising interest rates and a decline In the dollar, which has
      UPI  -  89 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      170 1 TIN shares continued their bullish run in relatively easier trading conditions on the Stock Exchange of Singapore yesterday. The other sectors of the market remained weak on light, marginal losses. The Business Times index closed 1.01 points lower at 408.45 but the Straits Times Industrial index inched
      170 words
    • Article
      In Kuala Lumpur
      105 1 Rites Most active Malayan Tin Tongkah 13.50 3.40 +.40 .28 Mega O. Ceramics 223.000 135,000 Aokam 4.70 .20 Olympia 12,000 3 Trading 5.90 .20 Hlgb L Low 60,000 Tronoh L. Perak K. Karri par 6.55 2.14 3.40 .20 .16 .16 Total Turnover: 1.72 M Total Value: Mf3.47
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  • Article, Illustration
    Giant display of Japanese wares
    910 1  -  TECHNOLOGY SHOWCASE By SOH TIANG KENG JAPAN will stage Its blggest-ever industrial and trade show In Singapore In early December. The Japan Industrial Exposition Singapore '77 will be the showcase of the latest Japanese technology ranging from shipping and metals to computers and precision Instruments.
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  • Article
    SIA's $35m Swiss loan
    245 1 SINGAPORE Afrltnes (SIA) has borrowed 35 million Swiss francs (about $35 million) from the Swiss Bank Corporation (SBC). The terms of this fiveyear loan, SlA's second foreign currency borrowing this year, have been kept confidential by agreement between the airline and the bank, but they are
    245 words
  • Article
    Free trade zone cargo handling down 20pc
    453 1  -  By RONNIE LIM SINGAPORE'S Free Trade Zones (FTZ) experienced a severe 20 per cent fall in throughput of entrepot cargo passing through its entrepot cabinets (leased cabinets or bays and common-user re-packing areas) last year, compared with 1975 figures. The annual tonnage handled
    453 words
  • Article
    Lock icon KL takes shipping cartels to task
    248 1 AFP KUALA LUMPUR, Tues. Malaysia today hit out at certain shipping conferences for their high freight rates and Inadequate services which had hindered Its trade promotion efforts to areas like West Asia and Africa. The strong criticism came from Enclk Nasaruddln Mohamad, secretarygeneral of
    AFP  -  248 words
  • Article
    Lock icon US$ STILL SLIDING
    191 1 AFP LONDON, Tues. The US dollar continued Its slide In early dealings on the foreign exchange market here today, forcing several central banks to Intervene. The currency, affected by the latest remarks by U8 Treasury Secretary Michael Blumenthal, hit a new alltime km against the Swiss franc
    AFP  -  191 words
  • Article
    Matsushita to raise US prices
    83 1 TOKYO, Tues. Matsushita Electric Industrial Co., Japan's leading electric appliances maker, said It will raise retail prices of Its products sold In the United States and other export markets next spring to offset losses caused by the rising value of the Japaneee yen. The company
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  • Article
    Trading resumes in TMG shares
    300 1 TRADING in the shares of Temenggong Limited was resumed on the Stoch Exchange of Singapore yesterday when the BES lifted its two-day freese on the counter. This followed Monday's announce* ment by TMG that Bowater Corporation of the United Kingdom had offered to pay $2.10
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  • Article
    Sime results boast a number of records
    317 1 SIME Darby Holdings latest results, contained In its Just released annual report can lay claim to a number of records. Not only has the group turned In Its best-ever profits performance, at $151 million, but net tangible assets per share, at $2.70, Is
    317 words
  • Article
    Black market in Sin Chew shares
    181 1 A THRIVING black market is operating already In the shares of Sin Chew Jit Poh with dealers quoting a price of $1.60-$1.65 a share. This is a very high premium indeed against the new issue offer price of $1.05 per $1 share. Coupled with
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  • Article
    FRAUD PROBE: 16 HELD
    87 1 THE POLICE yesterday confirmed detention of 16 people following investigations into complaints of a fraud racket at the Stamp Duties Division of the Inland Revenue Department. Six of those picked up were civil servants and the rest, staff of some local law firms. Police investigations into
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      65 1 from a hankie to a suit, you can count on Mohan's for dependable quality. IffifelfiKsiMfiS!? MOHAN'S DEFT. STORE (PTE) LTD. 321 Orchard Road 1"W<*****22 (nut to Mandarin HoM) Daily 9am-9pm SEE BACK PAGE Oversees Newi/TV 4 Oversees Stocks Radio -P2 Commodities Oversees Transport A News/Crosswords -PS Communications Leeel On. News
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      Page 1 Advertisements Column 2
      36 1 SIX-MEN SKID MOUNTED BUNK HOUSES NOW AVAILABLE EX-STOCK ALSO FULLY FURNISHED TWO BEDROOM UNIT INCLUDING BATHROOM, ETC. BEAUTIFULLY FINISHED. INTEFtrAB PRIVATE LTD ..4 ]',:ri;nq Port R. :ci Juri >nq Sinqt :pf ie T• -1 ,*****88 msm
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      Page 1 Advertisements Column 3
      150 1 I Gas has go* a flame oew TABS OTA Any person sealed at this desk can do the work of three people Yes. one person to handle all customer accounts. Calculate and complete invoices. Prepare statements. Process payroll. Control the ledgers. Control stock flow. All these procedures completed at electronic
      150 words
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      3 1 SEE PAGE 4
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  • OVERSEAS
    • Article
      Lock icon West Asia a growing market for US farm exports
      387 2 AP WASHINGTON. Tues. After cooling off for two years, West Asia is once again turning into a rapidly growing market for US farm products, an Agriculture Department trade expert says. Farm exports to West Asia are expected to be worth nearly
      AP  -  387 words
    • Article
      Lock icon Madrid pay limit set at 20 pc
      259 2 Reuter MADRID, Tues. The agreement between the Spanish government and major political parties on economic action Involves a 20 per cent celling on wage Increases In 1978 which in practice will be a 22 per cent limit because of the Spanish salary structure.
      Reuter  -  259 words
    • Article
      Lock icon Carter-Saud bid to hold down oil price
      491 2 AP WASHINGTON, Tues. President Carter meets Foreign Minister Sau<%AlFalsal of Saudi Arabia today to look for ways to hold down oil prices and reconvene the stalled Geneva peace conference. However, the Saudi prince is offering discouraging prospects on the cost of Imported oil
      AP  -  491 words
    • Article
      Lock icon Move to sway Senate's decision on Panama
      629 2 NYT PANAMA, Tues. The solid approval of the new Panama Canal treaties by two-thirds of Panama's voters in a national plebiscite has turned attention here to ways of obtaining ratification by the United States Senate. Ratification of the treaties In the U8 requires
      NYT  -  629 words
    • Article
      Lock icon Inflation menace
      117 2 UPI TOKYO, Tues. Former British Prime Minister Edward Heath said today Britain faces a danger of inflation, government sources said. Mr. Heath, here on an unofficial visit on the occasion of publication in Japan of a book, made the remark when he paid a courtesy call on Prime
      UPI  -  117 words
    • Article
      Lock icon Overseas nickel aid benefits Canada
      301 2 UPI OTTAWA. Tuos. The Expart Diwioft Corporation dsfcndsd its fins ad al aid for nickel mining prgCets in Guatemala and do neat a yeeterday, saying it had created thousands of jobs at hoM and ensured participation by Canada's export Industries. Opposition Members of Parliament said
      UPI  -  301 words
    • Article
      UNIONS ADMIT JOBLESS
      109 2 ROME, Tues. The three leading trade unions have decided to allow "organised" or officially unemployed workers to be members, It was learned here yesterday. The mainly-communist COIL, the CISL (Christian Democratic) and the UIL (Socialist) said that they want to avoid cutting the country into two: "Workers
      109 words
    • Article
      Lock icon Reliving lives of your ancestors
      615 2 Reuter LONDON,Tues.— Debrett's Peerage, Britain's who's who of the aristocracy, is going to combine ancestortracklng with package tours. The 208-year-old company, recently in financial difficulties, announced today It will Join with British Airways in staging tours enabling travellers to drink In the same pubs as
      Reuter  -  615 words
    • Article
      Lock icon US won't use aid as a club Israelis told
      478 2 NYT JERUSALEM, Tues. Treasury Secretary Michael Blumenthal, on his swing through the Middle East yesterday, reassured Prime Minister Menachem Begin and an anxious Israel of continued United States economic and military support. Israelis, apprehensive that President Carter has reduced the American
      NYT  -  478 words
    • Article
      Lock icon ILO pullout: Carter has got 11 days
      373 2 AP WASHINGTON, Tues. President Carter must decide within the next 11 days whether to end US membership In the United Nation's International Labour Organisation, which opponents say has become largely a forum for propaganda. The US, contributed US$2O million (Ss42 million) a year
      AP  -  373 words
    • Article
      Lock icon Cooperate with Third World call to West
      330 2 AP TUNIS, Tues. The Venezuelan co-chairman of the Paris "North-South" economic conference said yesterday that Western nations must expand economic cooperation with the Third World In order to maintain their own Industrialised economies. Mr. Manuel PeresOuerrero spoke at a twoday United Nations symposium
      AP  -  330 words
    • Article
      Lock icon Euromart loans: China may not come in just yet
      387 3 Reuter HONOKONO, Tues. It to premature to expect that China will borrow directly on the Euromarkets in the near future, said Mr. Marc Vlenot, the general manager of STB Generate. Mr. Vienot was speaking at a press conference to mark the
      Reuter  -  387 words
    • Article
      Lock icon Riyal is adjusted
      114 3 Reuter LONDON, Tues. The Saudi Arabian monetary agency has adjusted Its selling rate far dollar* to 3.52 rlyals from 3.53, foreign exchange dealers here said. The 3.53 rlyals per dollar rate had been in force since the end of July this year, when it was changed from
      Reuter  -  114 words
    • Article
      Lock icon Reserves rise
      30 3 Reuter ZURICH, Tues. /The Swiss National Bank said Its foreign currency holdings rose 507 million francs (Otk37 million) to 13.19 billion in the week ended Oct 21.-* Reuter.
      Reuter  -  30 words
    • Article
      Lock icon UK public sector borrowing will be below ceiling
      396 3 Reuter LONDON, Tues. The package of financial measures which UK Chancellor of the Exchequer Denis He&ley will announce tomorrow will leave projected public sector borrowing requirement (P8BR) well below the 1977/8 ceiling of £8.7 billion (5538.5 billion), Informed political sources said. Mr.
      Reuter  -  396 words
    • Article
      Lock icon STICK TO GUIDELINES
      93 3 Reuter LONDON, Tues. Britain's local authority manual workers who yesterday presented a claim for a substantial pay rise were told by their employers they must stick to government guidelines allowing earnings to rise no more than 10 pir cent. The three unions are to quantify their "substan-
      Reuter  -  93 words
    • Article
      Lock icon Apel confident of higher growth rate
      455 3 Reuter BONN, Tues. West German Finance Minister Hans Apel said next year's growth could be higher than the 3 per cent forecast by the country's five leading research Institutes. He said last week's decision by the parliamentary mediation committee to add 3.6 billion marks
      Reuter  -  455 words
    • Article
      Lock icon Last quarter rally
      68 3 Reuter PARIS. Tues. French industrial production should rally in the last quarter of this year If present trends continue, the National Statistics Institute said. In its latest monthly survey of 2,200 business heads, it said the general production outlook has improved steadily since July. Industrialists expect a
      Reuter  -  68 words
    • Article
      Lock icon CANADIAN $ DECLINE BAFFLES TRADERS
      363 3 CANADIAN DECLINE BAFFLES TRADERS UPI TORONTO, Tues. Money traders say they are disheartened and baffled by the continuing decline of the Canadian dollar, now at its lowest level since the *****. At the close of heavy trading yesterday, the dollar listed at 89.86 US cents, the first time since the
      UPI  -  363 words
    • Article
      Lock icon NICARAGUA OFFERS FOREIGN BANKS A HAVEN
      160 3 AP MONTBEUX (Switsorland), Taw. A new refuge for bub ud their elirati, oompMe with —crecy ud m controls, wu announced it u International business ■jrmpoaiuni hero >—Unlay. Robert Ineor Barquero, president of tike National Bank at Nicaragua, said bit country baa created a "financial
      AP  -  160 words
    • Article
      Lock icon Agreement ratified
      28 3 lr M CANBERRA, Tues. Australia has ratified the agreement establishing the International Fund (or Agricultural Development (IFAD), the Foreign Minister, Mr. Andrew Peacock, said today.— AFP
      lrM  -  28 words
    • Article
      Lock icon All eyes on money supply growth in US
      864 3 Reuter NEW YORK, Tues. The weekly ebb and flow of the nation's narrowly-defined money supply, consisting of total currency in circulation and demand deposits at commercial banks, has become a major preoccupation of economists, financial markets and increasingly, of the general public.
      Reuter  -  864 words
    • Article
      Lock icon Salomon sees rates rising
      203 3 Reuter NEW YORK, Tues. The Mr Kaufman said Incyclical pull of continuing terest rates will continue to business recovery and rtse irregularly and, during worsening inflation will lift 1978 > money market rates Interest rates in the months should rise Into the 7V»to 8 K ahead,
      Reuter  -  203 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      243 2 Jardines: 1977 Interim Report Net profit for the first nine months of 1977 higher than for the same period last year. The Board anticipates that earnings for 1977 will show an improvement over 1976. Interim dividend equivalent to 550.098 per stock unit (1976:550.093) to be satisfied by the issue of
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      53 2 mm IWEATHER -WEAKER report for 24 fcoure prior to 7JO pen on Oct 25 at Singapore airport. —an— tempera tore 32.4* C Associated Humidity $4 Minimum Temperature 24.7* C Asoociated Humidity w Hour* of Suaehiae 7«o Rainfall ia Millimetres Trace Total Rainfall for the Month 49.7 Total Raiay Daye for
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      284 2 SINGAPORE 5 3.00 PM Opening announcements followed by Classic Keystone Comedy Capers 3.25 Diary Of Events (Malay) 3.30 Wild, Wild World Of Animals Crocodiles (Repeat)* 3.50 Stars in Action Night In The Big Swamp 4.20 Intermission 6.00 Opening announcements followed by Electric Company 6.30 News in Brief 6.35 Last Of
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      648 3 MikeToh, Parts Manager, S.E.S. We know that small parts can mean big money! "At S.ES. we know and understand the importance off spare parts backup. We know how profit can be afffected by downtime on heavy equipment. Thaf s why we place so much emphasis on speedy parts delivery and
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      568 3 THE TWO-IN-ONE CROSSWORD 1 [12 13 CRYPTIC PUZZLE ACROSS 1 Medium waist 7 Regal ttatlon (I) Water from snowflakes (4) M Best of the bunch (6) J! Stray Insect wandering 14 Olenda's boy (3) 13 Country New York to in? (8) s 21 Hone with a bad heart (5) a
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  • Article
    Lock icon Exxon turns in flat earnings
    661 5 NORTH AMERICAN COMPANIES Reuter EXXON Corporation reported that net earnings for the third quarter this year were unchanged from the same period in 1976 while those for the first nine months fell about 5 per cent. Third quarter net earnings amounted to US$635 million or
    Reuter  -  661 words
  • Article
    Standard Oil of Indiana's profit 8 pc higher
    238 5 BUOYED BY a sharp rise in overseas petroleum earnings, Standard Oil Co. (Indiana) raised net earnings for the first nine months this year by about 10 per cent to U*****.8 million or $5.42 a share from $724.1 million or $4.94 a share
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  • Article
    Lock icon Good gains at Phillips Petroleum
    396 5 Reuter NET EARNINGS at Phillips Petroleum rose about 25 per cent from US $98 million or 64 cents a share to $123 million or 80 cents a share In the third quarter this year. Revenue advanced only about 7 per cent to $1.5 billion from
    Reuter  -  396 words
  • Article
    Lock icon Fujitsu denies computer deal
    132 5 ASIAN COMPANIES Reuter TOKYO, Tues. Fujitsu denied a local press report it reached basic agreement with the Australian government on a nine billion yen contract to export two large-scale computers and to construct a data network system. The report, in the Asahl dally newspaper, said the
    Reuter  -  132 words
  • Article
    Lock icon Sony sees more profit
    94 5 Reuter ZURICH, Tues. Sony Corp expects another Increase in sales and profit for the current year ending Oct 31, 1977. the honorary chairman, Mr. Masaru Ibuka, said here. In remarks for delivery to analysts on the occasion of Sony's listing on Swiss stock exchanges, he said
    Reuter  -  94 words
  • Article
    Lock icon MCA's offer lapses
    61 5 Reuter MCA Inc's bid for CocaCola Bottling Co of Los Angeles has lapsed and the company has not made a new offer. MCA's US$3O a common share tender offer was opposed by Coca-Cola Bottling Los Angeles management and bettered by North west Industries Inc on Oct 17
    Reuter  -  61 words
  • Article
    Lock icon Another resignation at David Syme
    154 5 Reuter MELBOURNE, Tues. Mr. Nell Walford, acting chalrmand of David Syme and Co publishers of the Melbourne Herald newspaper, today announced his resignation from the board. Mr. Walford took over as acting chairman after the death early this month of the company's long-time chairman. Lieutenant
    Reuter  -  154 words
  • Article
    Lock icon Call on Woodside Petroleum shares
    177 5 Reuter MELBOURNE. Tues. Woodside Petroleum said a call of 20 cents on its partly paid 1977 issue shares, comprising 10 cents capital and 10 cents premium, will be payable Nov 14. In April, Woodside announced a one-for-three rights Issue of 60 million 50 cents par
    Reuter  -  177 words
  • Article
    Lock icon Fuji to sell cars in UK
    103 5 Reuter TOKYO, Tues. Full Heavy Industries said It will start car sales In Britain towards the end of this year. It shipped 390 passenger cars to Britain last month for the sales. The flveseater cars, dubbed "Bubaru"and powered by a 1,800 cc engine, will
    Reuter  -  103 words
  • Article
    Lock icon Vote soon on pay offer
    115 5 EUROPEAN COMPANIES Reuter LONDON, Tues. Some 23,000 hourly-paid workers of Vauxhall Motor, a subsidiary of General Motors will meet this week to vote on whether to accept the company's pay offer, union sources said. The offer, a 10 per cent Increase In basic pay plus
    Reuter  -  115 words
  • Article
    Lock icon No decision on capital increase yet
    91 5 Reuter FRANKFURT, Tues. Commerzbank AO has taken'no decision on when and under what conditions to raise its 643.6 million basic capital, a company spokesman said. The spokesman was commenting cm a private bourse newsletter report which said the bank was planning a one-for-eight rights
    Reuter  -  91 words
  • Article
    Lock icon Lower rates on mark bonds?
    548 5 Reuter FRANKFURT, Tues. Lively foreign Investor interest In mark Eurobonds, which the present strength of the German currency Is fuelling further, heralds a fresh round of foreign mark loan coupon cuts, primary market sources said. Latest expectations of a repeat of last July's trend were
    Reuter  -  548 words
  • Article
    Accord on marketing rubber
    67 5 FRANKFURT, Tues. Metallgesetlschaft AO said Its subsidiary, KautschukGesellschaft MBH, has signed an agreement to market Soviet Synthetic rubber in European countries Including West Germany, Switzerland and Austria. The agreement, which comes into effect Immediately, was made with Razno import of Moscow and covers polylsoprene, poly butadiene,
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  • Article
    Lock icon Montefibre wins approval
    208 5 Reuter ROME, Tues. The Italian Treasury said it approved a capital Increase for Montefibre SPA of 96.0 billion lire on condition the company presents a plan for restructuring its operations within two months. The authorisation Is less than the Increase the company originally planned. Montefibre, synthetic fibres
    Reuter  -  208 words
  • Article
    Lock icon Dateline for filing notification
    167 5 Reuter LONDON, Tues. UK residents holding foreign currency securities not purchased through the investment dollar pool must notify the Bank of England of their holdings by Oct 31 if they are to benefit from the Investment dollar premium on their sale, a Bank of England spokesman
    Reuter  -  167 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      163 5 How well doyou know your Australian Birds? The fantastic Early Bird'to Perth at 900 am Every Wednesday. Jmm-. y 1 If g "m-" >',/ ;i T* 4 i 5 -f? 'JL* t&v r A •y. I U v-v 9.00, Wednesday morning. That's the V.\ time to catch our Qantastic 'Early
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  • Article
    Share Information Service
    2327 6 1*77 High Low Coapaay Last Sale +ocGr'» dl» Div e'rr Gr'i y'M Net P/E Vol CM*) Day Higk La* SECTION ONE INDUSTRIALS 154 204 116 238 88* 198* 169 224 414 171 134 170 58 212 57* 155 152 182 350 145 Ac ma Alcom Allied Choc
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  • Article
    Transactions in Singapore
    1103 6 S5? £2 W P" 6 listed »*Port«l to the of n W*« yeeterU h "y number of itiares traded jwown tn brackets In lota of 1.000 unotherwise specified All J.JSL. Contracts are ESSaSJ!"' »«rt Sett Blc (»n lota of 5.000 units) are quoted after the letters BB
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  • Article
    In Kuala Lumpur
    1408 6 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 one thousand units unless otherwise specified INDUSTRIALS Atom (1.706) (1) 1 69, (2) 1.70 A. OMC (0
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  • Article
    Stock options
    56 6 STRIKING pricea of the slock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and businese done yesterday, with the number of options traded shown in brackets. C and C (Dec $1.90) (0.388 0.438). UOB (Dec 93.00) (0.188). ••-■■l (Dec $3.20) (0.088).
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  • Article
    Unit trusts
    146 6 SINGAPORE UNIT TRUST lMiu|tn prices for Oct X) The Commerce 1.71 1.81 The Saving Fund 1.01 1.07 S pore Prog Fund 0.81 0 Bflxd S pore Security Fund 1.58 185 S pore Invest Fund 0 98 1.03 ASIAN UNIT TRUST price* for Oct 26) Mai Invest Fund 1.81
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  • Article
    GOVERNMENT BONDS
    166 6 B OT 8 1/2% 1981 (100,000) (100 *B 101*8) B O T 7 8/8% 1984 (100,000) (978 97*8) L T C B J 1982 (100,000) (988 98*8) Credit Lyonnaia Floating 1963 (100,000) (97*8 98*8) DBS Convert* 6 1/2% 1991 (100,000) (96*8 97*8) D B S 8 1/2% 1982
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  • Article
    CORPORATE BONDS
    130 6 Rep Spore D Mark 7% 1982 (100,000) (100*B 101 ViS) Rep Spore 1/2* 1983 (100,000) (99\8 100WS) Rep Spore 7 3/4* 1987 (100,000) (99*.8 100*8) 4 3/4* 1/5/79 (250,000) (100.208 100.30S) 5 1/4* 15/16/79 (250,000) (100.908 101.058) C 3/4* 15/6/80 (250,000) (104.708) 5 3/4* 1/6/78-80 250,000) (100.908 101.058)
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      174 6 decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who will read
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  • Article, Illustration
    TIN STILL BULLISH
    596 7 TIN SHARKS coatiaued their bullish rua la reletMty tukr trading coodi«fSlsisl^S2s£i aaee Galas of up to 20 coats *MM<I by MM of the tbo gsiaors woro Buagei 8001, Troaoh Mlbm, Petalja| Ha oad Tongkak HarThe bullish seatlmeat fIUH ia tbo wake of reports at a farther rise
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  • Article
    KLSE MIXED TO STEADY
    444 7 THE KUALA LUMPUR stock market featured a slightly mixed to steady trend yesterday with mining stocks continuing to attract strong buying support. Trading in this sector was buoyant in the morning, when prices surged sharply up to new levels, but eased somewhat in the afternoon. On
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  • Article
    Hongkong
    362 7 HONOKONO: The market closed weak on overseas selling pressure on Tuesday, ahead of Wednesday's mlnl-budgst speech In London, but generally above the day's lows, dsolera said. The Hang Seng Index fell 4.32 points to 473.54. Trading was active throughout the day, and Hongkong stock Exchange turnover at 99.48 million
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  • Article
    Tokyo
    455 7 TOKYO: Share prices closed slightly lower on the yen's further appreciation on Tuesday, dealers said. The Dow Jones average fell 6.59 to close at 5,127.50 with volume 160 million shares. The New index closed at 378.24, down 0.49. Export-oriented electrlcals, motors and precision Instruments led the fall, with Sony
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  • Article
    Sydney
    394 7 SYDNEY: The market closed firmer but profit-taking pared morning rains on Tuesday, dealers said. The Sydney All-Ordlnarles Index rooe 2.55 points to 453.07. However, BHP feU 12 to $5.82, while among banks ANZ root five to 3.40 and NSW was steady. Mymr* rose five to 1.95 and Weeiworths four
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  • Article
    Manila
    125 7 MANILA: The market closed slightly higher across the board on Tuesday, with turnover rising to 4.54 million pesos from Monday's 3.15 million, dealers said. Plriln led the mining sector, rising two points, while Lsyaato and MariadnqiM rose one point each. PLOT increased by one point and other commercial Issues
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  • Article
    Bangkok
    122 7 ocr a Bants i Asia Fibre 248 •1 Bangkok Bank Ml -a Bangkok Invest. 324 Bangkok-Metro-politan Bank Bata 725 unch Berll Jucker 5M 2 Charoong Thai Wire MS Dumex Duslt Thanl Fa ber Merlin First Trust 254 -2 Oenera Finance 2M 4-13 Indo-Thai Industrial Finance Corp 2205 unch J
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  • Article
    Amsterdam
    269 7 AMSTERDAM: The market closed quietly mixed with a lower bias on lack of Interest on Monday, dealers said. Akso edged higher in otherwise lower Dutch internationals. Udmr and Bagral Dutch lost 0.70 and 0.90 guilders respectively. Elsewhere, banks and insurances were mostly higher by Emit. Trading shares and Industrials
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    Brussels
    144 7 BRUSSELS: Most shares prices closed lover In very quiet trading on Monday, bourse sources said. Eloctraflaa, Cs—stta and CBB rose but Cofeo»a. Eloctrokel, Uniea MU«n, Hskofc—. FN. OCB, 8T Koch and all tell. In foreign stocks UK. Canadians, Americans and Dutch were lower, Oermans mixed and French unchanged. Oold
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  • Article
    Frankfurt
    297 7 FRANKFURT: Friday'* mind tone wu maintained at the •tart of the nsw trading week an Monday with only mUcUvi buying interest from Institutional investors, dsalers said. C*BMnkaak gained 0.50 marks although it denied it has taken a decision on raising Its capital, while Lisle sased 0.90 despite a company
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  • Article
    Milan
    173 7 MILAN: The market moved Irregularly higher in limited trading on Monday, dealers said. Flat was amonc leading Industrials to gain following rumours that the government will give approval In the next few days to giant export finance for a car factory in Algeria. Both Pirelli, Sals Viseesa. Olivetti Ordinary
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  • Article
    Paris
    327 7 PARIS: Prices eased generally on Monday as reaction to last week's gain set In and the turbulent foreign exchange market Increased Investor uncertainty, dealers said. Banks were firm, metals mixed, but other sectors pointed lower. Bchaeider, Moot, Bourguw, Ltftrfi, DBA, (XX, Ball, CPP and Kouoool-Udaf were weak points with
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  • Article
    Zurich
    282 7 ZURICH: Prices closed generally easier In moderately active trading on Monday, but losses were mostly limited, reflecting the good technical position of the market, dealers said. Swissair eased on profittaking. Baakveraia led major banks lower, while Insurances were mixed. In financial*, both OerlikeaBuekrle stocks rose to new highs prior
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  • Article
    Jo'burg
    397 7 JOHANNESBURG: Oold shares declined on the stock exchange on Monday following overseas selling, dealers said. Losses of up to 250 cents were recorded. The downtrend was prompted by heavy selling of 8. African gold shares In New York late on Friday and followthrough London selling on Monday morning, they
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  • Article
    Toronto
    324 7 TORONTO: The market closed lower In active trading on Monday. Weaker pipelines and Industrials sent the composite Index S 1/2 points lower while activity in low-priced oil Issues swelled trading volume to 5,910,162 shares, just below Friday's seven-year record of 6,904,090 shares. Declines outpaced advances 254 to 104. Canadian
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  • Article
    New York
    1156 7 NEW YORK: A mood of gloom hovered over Wall street again on Monday, u traders pondered familiar worries about tighter money and the government's plans for the economy. The session started out on a lower tone In quiet trading but activity accelerated In the final hour and sent
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  • Article
    Indices
    64 7 FINANCIAL TIMES INDUSTRIALS Tuesday 517.1 Monday 524.8 Week Ago 490.1 DOW JONES AVERAGE INDUSTRIALS Tuesday 802.32 Monday 806.30 Week Ago 820.34 LONDON DOLLAR PREMIUM Tuesday 91* to 92 W Monday 92S to 92 7 i H.K. HANG SENG Tuesday .417.88 Monday Closed Week Ago 416.36 SYDNEY INDUSTRIALS Tuesday 384.60
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  • Page 7 Advertisements
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      340 7 BUSINESS TIMES Airline Directory 110-112 Show Cinlu, Orchard Road, Mfpw 9 (Tri: 377.111) Air Ciylw 302-0, 3rd Floor, Marino Mo— W »i (II •Hfllloll Vlf vIIMVVVW \V (Tri: ***** M) Waaa Wi IW vVrWITvVI "VJ 1 (Tak *****11) Air India 16th Floor, UIC (Tri: 2203-277) Umilm Way 1. (Tri: 919.244)
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  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      465 8 OPENING quotations were marked up 0.75 cent following higher prices In the Singapore rubber market yesterday. Afterhour prices later advanced another one cent on speculative and trade buying with shortcovering demand also evident. Past mid-day, however, prices fell back marginally on persistent upcountry selling. Turnover
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    • Article
      Closing prices
      32 8 Rubtar: Oct 26 Singapore: November 288.75 carta (up 1.7# oeats) Malaysia: Woiilw 210 JO c«U (up 1.2S eaato) Tin: 11,882 («P C 2) Official offering: 212 tonnes (down 38 tonnes)
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    • Article
      R.A.S. PRICES
      331 8 R A S 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. Int. 1 R.S.S. Nov 207 00 208 00N 207.75 206.75N 208 00 206.25 206.75 209.00 Int. 1 R 8 S Dec 210.00 210.25 210.75
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    • Article
      SSR AND SMR
      101 8 NOON 3SR and SMR prices yesterday: R.A.S. NmaW (Current Mtk) D (For Buyer* Seller* Buyer* Seller* (cenU per kg) it* perks) 88R20 (1-ton pallet) 202.50 204 SON 203.50 205 50N SSR 50 (1-ton pallet) 200.00 202 OON 201.00 203.OON N.R.E.LB 8MR5CV (1-ton pallet) 221.00 223.00N 221.50 223.SON
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    • Article
      Rice
      196 8 BANGKOK, Tues. Indicative prices for rice quoted today were: (U8 dollars per tonne fob bull Bangkok): White Rice: 100 pet Ist class 308.100 pet 2nd 294. 100 pet 3rd 288. S pet 270. 10 pet 200. 15 pet 257. 20 pet 254, 25 pet 247, 35 pet unq Brokan:
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    • Article
      Produce exchange
      482 8 PRICE disparities continued to prove the biggest deterrent to trading with the big buyers In America, Europe and the United Kingdom. As such, Singapore dealers yesterday had to make do with Just light demand generated from neighbouring countries. Exporters here, too, had been reporting a dearth of activity
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    • Article
      Coffee
      309 8 LONDON, Tues. Terminal coffee values advanced £41 to £60 per tonne at the opening. Volume totalled 631 lots.The official tone was "steadier." Prices advanced about twice as much as traders had earlier anticipated. The higher New York close and the Implications of the export ban on mild coffee approved
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    • Article
      Palm oil
      73 8 C.I.F. Rotterdam. US dollars per ton. LONDON: Monday Previou< Malaysia b% f fa bulk Dec unch 425 sir Sumatra 5% ((a Oct 495 sir 510 sir Nov 447 50 qtd 447.50 pd Dec 435 qtd 430 pd Jan 425 pd 425/422.50 pd Feb 422.50 pd 422.50/420 pd March
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    • Article
      Cocoa
      190 8 LONDON, Tues. Cocoa futures ended the morning £36 up to £5 down. Turnover totalled 2,525 lots Including 1,435 lots self traded and three put options. Prices reached £40 limit up levels at mid-morning, basis near Dec at £2,548 traded, but the movement was not sustained. Dec closed the session
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    • Article
      Straits tin
      243 8 THE StralU tin price in Penang yesterday rose MS22 to $1,882 on an official offering down 38 tonnes to 212 tonnes. Further strong worldwide and local buying demand, encouraged by higher London advices, boosted sentiment, while a reduced volume of tin concentrates was another contributing factor, dealers said.
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    • Article
      Sugar
      319 8 LONDON, Tues. Terminal sugar opened £0.25 per tonne up from Monday night to £0.05 lower, but steadied In post-call dealings with trade buying, possibly hedge lifting providing significant support, dealers said. They said much of the buying was based on market talk that Iran had taken two cargoes of
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    • Article
      Hongkong comex
      289 8 HONGKONG, Tues. The market closed mixed In fairly dull trading, in line with the overnight trend In New York, dealers said. December and July fell US 0.37 and 0.04 cents respecr tlvely, while March and October rose 0.06 and 0.00 cents respectively and May was steady. Some trade
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    • Article
      Soybeans
      121 8 CHICAGO, Tues. Soybean futures yesterday closed sharply higher, retaining virtually all of their earlier gains. Pinal prices were up 17* to 10K cents a bushel. Prices rose sharply on aggressive short-covering and speculative buying generated by the continued low rate of farmer selling and the slowdown in harvesting caused
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    • Article
      Wheat
      117 8 CHICAGO, Tues. Wheat futures yesterday were bolstered by the strength in soybean and corn futures and registered gains of 2* to ltt cents a bushel at the close. Firmness In Gulf bids and expectations of continued export demand offered encouragement to buyers as the advances in other pits stimulated
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    • Article
      Copper
      312 8 LONDON, Tues. Copper wlrebars closed the ring £6.00 per tonne lower all round. In the ring, hedge selling from an Influential quarter gave the movement further Impetus and Three Months traded down to £695 compared with a premarket high of £700. Sales of 8350 tonnes were about half carries.
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    • Article
      Silver
      188 8 LONDON, Tues. Sliver closed with gains of 3.0 to 3.4 pence per troy ounce on Monday. The market forged ahead during the afternoon on a broad front of fresh buying and shortcovering encouraged by the continued buoyancy in gold. Three Months reached 278.1 pence per troy ounce during first
      188 words
    • Article
      Gold
      349 8 FOLLOWING the strong closing In the New York market on Monday night, the kllobar market in Singapore yesterday opened at 5512.811. However, the market failed to sustain at this level in the afternoon and drifted down sharply to close at 5512.734. In the London market, the metal opened at
      349 words
    • Article
      Lead
      71 8 LONDON, Tues. Lead ended the morning ring £1.25 up for for cash and £1 higher for Three Months. Three Months traded from £363 to £366 in the pre-market before finishing the ring at £364 per tonne. On Monday, lead ended the day £5.50 per tonne up all round. During
      71 words
    • Article
      Zinc
      79 8 LONDON, Tues. Zinc was 11 up all round at the end of ring dealings. Dealers said values held steady throughout the morning reflecting Influential buying of cash from one quarter and some light fresh buying encouraged by the trend In lead. Three Months traded from £299 to £301 on
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    • MONEY AND EXCHANGES
      • Article
        Singapore
        528 8 THE US dollar continued to come under speculative pressure on the Singapore forex market yesterday. Against the Japanese yen, the dollar fell to 250.95/05 at one stage before recovering to close at 251.75/90 on the back of profit-taking operations. The dollar opened the day's trading at 251.40/50, at which
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      • Article
        Minimum lending rates
        35 8 ACBC 7 Ik 7 HSBC 7 Bank of China 7 Malayan Banking 7 Bank Ncf ara 7 <>CBC OUB (>. 7 liCB 7 Chair Manhattan DBS 7 7 CMBC L OB 7 7
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      • Article
        Asian $ rates
        187 8 Asian rates ASIAN currency deposit Interbank rate* as at clow on Oct 25 7 days 1 mth 2 mth* 3 mthj mth* 6 mth* 12 mth* US Dollar* (Spot) 6 9/16 tint 11/16 6 6/16 .6 7/6 6 3/4 .7 1/4 7 1/6 .7 7/16 7 6/16 .7 1/2 7
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      • Article
        Discount
        52 8 RANGE of prices offered by discount houaei on Oct 25 Overnlfht 3K% Call deposit 3% to 3*H ClMtaC 1 3-Month Treuury bllti 3-Month Bank Mils 3-Month CD 6-Montti CD Bvt>C s vie 4 13/16 5 3/8 5 lVlt I 1/16 4 u/u 5 1/4 S 13/16 Source: National Discount
        52 words
      • Article
        Euro $ rates
        137 8 Euro rates LONDON, Tues. Trading In Eurodollar deposits was light at the outset, dealers said. The Three Month rate rose by 1/8 to 7 1/4 7 1/8 on a Friday end of period technicality while the Four Month and Six Month rates eased by 1/16 each. Other positions held steady
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      • Article
        Australia/NZ
        62 8 AUSTRALIA/ NZ exchanges quoted on Oct 25 AUBTRAUA Sterling 0.061/ 0 82*6 US dollar 1 1294/ 1 1206 Ninety-day air mall buying rater Sterling 0 6450 US dollar* l 1535 Ninety-day forward buyinf rates: Sterllnf 0 8265 US dollars 1.1181 NKW ZEALAND Sterllnf 0 5585 0.5635 US dollar 0.6681/
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      • Article
        London
        207 8 LONDON, Tues. The dollar opened weaker against the Swiss franc and the yen in moderate opening trading, dealers said. Against the Swiss franc it was quoted at around 2.2272/87 compared with 2.2315/30 overnight. Against the yen the dollar eased to 251.50/70 from its overnight 251.80/95 and compared with the
        207 words
      • Article
        New York
        123 8 NEW YORK, Tues. The dollar yesterday closed sharply lower against major currencies in continued nervous trading, with sterling leading the advance as it closed at 1.7745/48 compared with 1.7729/31 at the opening and 1.7705/10 over the weekend. Efforts to firm dollar quotes ran Into resistance, and late buying
        123 words
      • Article
        Tokyo
        127 8 TOKYO, Tues. The dollar for overnight delivery closed at 251.70 yen, down from a 252.00 opening and 252.70 at yesterday's close, dealers said. The Bank of Japan bought an estimated US$BO to $100 million during the day to stem the decline, they said. The dollar fell to a record
        127 words
      • Article
        Hongkong
        149 8 HONGKONG, Tues. The US dollar eased to 251.50/60 yen from Its New York closing equivalent mid-point of 251.95 In fairly quiet trading, dealers said. The US unit recovered In the afternoon from Its day's low of 251.00/10 yen after opening at 251.30/40. The US dollar eased to 1.2580/90 marks
        149 words
      • Article
        Zurich
        48 8 ZURICH exchanges closing quotes on Oct 24. U8 2.2327-2337 UK 3.9607-9631 Can 2 0191-0204 W Oenn 96.78-86 Neth 92 01-08 Be If 6.33-1/4-34 Denm 38 *3-8® Nor* 40 83-66 Bwed 48.09-72 Italy 0 2538-2540 Austria 0 2538-2540 Port 5.51-52 Spain 2.67-87-1/2 Arc 9.44-54 Japan 0 9886 9874.
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      • Article
        Frankfurt
        37 8 FRANKFURT exchanges opening quotes on Oct 25. US 2.2586/96 Can 2 0285/0105 UK 4.007/617 NeUl 93 10/20 Swltx *****/39 Italy 2 585/575 Prance 46 66/78 Nor* 4123/33 Bel( com 6.407/417 Bel* fin 6.40/41 Japan 6.16 71/16
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      • Article
        Eurobonds
        307 8 LONDON, Tues. Straight Eurobonds were easier where changed In quiet to moderate trading, dealers said. US Issues were still affected by the continuing weakness of the US dollar against European currencies. Eurobond prices quoted on Oct 25 Straights Nippon Fud Bank DSM (Holland) 8* >7 BNDE (Brazil) 9*84 Sweden
        307 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      313 8 Penguin IN PENGUINS Yukio Mishima firmly upheld the traditions of Japan's imperial past, which he believed were being slowly eroded by Western materialism. Disillusioned he astonished the world* in 1970 by committing hara-kiri or ritual suicide by disembowelment. One of his last works, Runaway Horses, is now published in Penguins.
      313 words
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  • Article
    UN moves to avert global pilot strike
    682 9 UNITED NATIONS, Tues. The General Assembly's steering committee agreed yesterday without objection to recommend a general assembly debate on "Safety of International civil aviation" to avoid a global airline pilot atrlke. The general assembly is expected to approve the move today. The discussion
    682 words
  • Article
    Lock icon GOVT TAKING OVER PAL
    269 9 UPI MANILA, Tues. The head of Philippine Air Lines said today the country's flag carrier was in the process of a government takeover at his recommendation. Benlgno Toda, Jr., speaking in Cebu City, said he had recommended the government takeover of the air line "to undertake
    UPI  -  269 words
  • Article
    Lock icon NY port authority still resisting Concorde
    147 9 Reuter NEW YORK, Tues. The start of regular Concorde flights to New York next month is still not a foregone conclusion, the head of the authority operating Kennedy Airport said yesterday. Mr. Alan Sagner, chairman of the Port Authority of New York and New
    Reuter  -  147 words
  • Article
    CPA booking system
    102 9 CATHAY Pacific Airways' (CPA) airline reservations system, developed and set up by the airline for Its head office, became operational last week. Its Compact Programmed Airline Reservations System (CPARS) Is a sophisticated Sart of Its head office's ack-up for its offices around the world. All local passenger
    102 words
  • Article
    Lock icon Laker profits
    115 9 UPI LONDON, Tues. The noreservation Laker Skytraln service Unking New York and London carried 15,079 passengers in its first month and made a profit of US$224,294 (*****.000) Freddie Laker said yesterday. The turn-up and take-off service which costs $103 to New York and $135 to London, sells 345
    UPI  -  115 words
  • Article, Illustration
    IN PORT
    306 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES DJatlwangl (after Ned Lloyd Mersey) 10/11. Eastern Mars (H3IT) (0600) 27/28 Fernandoeverett (after Bunga Qelang) 19 Frotarlo (2000 after Protesllaus departure draft 9.75 m) 33/34 Oolden Eagle (0600) 25 Khlan Hill (BYJU) (0600 after Protesllaus hauls) 35/36 Phemlus (after Dalho Maru) 6/7 PASIR
    306 words
  • Article
    Lock icon Tanker owners' attack on subsidised shipbuilding
    358 9 Reuter HONGKONG, Tues. Independent tanker owners meeting here attacked government subsidised shipbuilding, saying IV upholds shipyard capacity artificially and prevents a return to an orderly tanker market. The International Association of Independent Tanker Owners met here for a council meeting to discuss problems In
    Reuter  -  358 words
  • Article
    Lock icon US strike talks break down
    225 9 UPI BAL HARBOUR, (Florida), Tues. Efforts by the federal government's top labour mediator to get the parties Involved In a 24-day-old dockworkers strike at Gulf and Atlantic ports back to the bargaining table collapsed yesterday and negotiations were recessed indefinitely. Wayne Horvltz, director of the
    UPI  -  225 words
  • Article
    Lock icon Arab turns liner into floating hotel
    505 9 AFP PARIS, Tues. The longest passenger vessel of all time, "The France," has finally been sold as a floating hotel at an undecided location, it was announced here yesterday, after being taken out of service on Oct. 30, 1974, following a money-losing career. The
    AFP  -  505 words
  • Article
    Lock icon London freight market
    162 9 AP LONDON, Tues. Thinner weekend chartering typified yesterday a generally slacker market on which November tonnage found employment opportunities rather less forthcoming. Oreat Lakes grain rates continued their downsllde, with U5516.75 (FIO) accepted by the "Belinda" for a 15,000-ton early November shipment to the AntwerpHamburg range. On
    AP  -  162 words
  • Article
    Collaboration
    32 9 ROME. Tues. Italy Is ready for wide collaboration with China in the telecommunications field, Italian Postal Minister Vlttorlno Colombo said here yesterday on the arrival of his Chinese counterpart Chung Fu-hsiang.
    32 words
  • Article
    DAILY AIRCRAFT MOVEMENTS
    625 9 ARRIVALS k Service Local Operator Number Time From TMA TL304B 0530 TPE MAS MH682 0810 KCH PAN PA847 0810 SFO/HNL/OUM CPA CX710 1000 HLP QIA GA980 1030 HLP THAI TG423 1035 BKK SIA SQ211 1045 HLP THAI TO081 1050 BKK OIA GA944 1055 PKU OIA GA908 1100
    625 words
  • Article
    Far East freights
    570 9 JAPANESE Interest on the trip charter market with delivery In Japan Increased by half during the past month. This helped to offset declining interest in US grain movement. Small bulkers are fighting with similar sized tweendeckers for employment by lowering rates. Ten or so are taken up
    570 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      115 9 INTERNATIONAL BANK OF SINGAPORE The experts in financing of international trade International Bank of Singapore Ltd., established through a partnership of four of Singapore's leading banks DBS, OCBC, OUB and UOB offer full banking services in the field of international banking and trade. With the resources and expertise of its
      115 words
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  • Article
    Lock icon Sweet news – but not for the housewife
    1268 10 Sweet news but not for the housewife The International Sugar Agreement reached this month will a give some protection to both producers and consumers, and make several prime ministers happy. Alas, the good news will not really filter down to the housewife buying a few bags of sugar in the
    FT  -  1,268 words
  • Article
    Lock icon East German coffee craze
    737 10  -  By MARK BRAYNE Reuter EAST BERLIN: Sharp reaction from the public has forced the East German government to think again about a campaign to wean people off expensive coffee and get them to accept cheaper mixtures. The campaign began with the Introduction of a new coffee-and-substitute
    Reuter  -  737 words
  • Article, Illustration
    Lock icon Scanning the Thai horizon
    1223 10  -  By JOHN ROGERS Reuter BANGKOK: With the military top brass back In the political driving seat, Thailand Is set for a period of rethinking over how It should be governed with some form of democracy on the distant horizon. No Immediate dramatic (changes, either In governiment
    Reuter  -  1,223 words
  • Article, Illustration
    Lock icon Quebec: A vast new source of energy
    1050 10 The people of Quebec are the second largest users of electric power in the world, beaten only by the Norwegians. Quebec's electricity is some of the cheapest power in North America and Quebec is planning to develop a lot more of it. W.L.
    FT  -  1,050 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      57 10 NOW ON SALE at your regular bookshop. The phenomenal bestseller which has taken America by storm the story of a black American's search for his roots in Africa. ROOTS has sold over 1% million hardback copies since its publication and it is continuing to top the bestseller lists even now.
      57 words
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  • Article
    Lock icon Tokyo yes to bill boosting sugar industry
    428 11 UPI TOKYO, Tues. The government adopted legislation at Its Cabinet meeting today to regulate sugar imports In an effort to help rehabilitate the deficit ridden sugar refining Industry. The legislation, to be presented to a current extraordinary parliamentary session, Is expected to be
    UPI  -  428 words
  • Article
    Lock icon Threat of industrial war averted
    339 11 Reuter MELBOURNE, Tues. Power workers In Victoria, Australia's second most populous state, today ended an 11-week strike and averted a full-scale clash between government and trade unions. The end of the stoppage by 2,300 maintenance workers at electricity generating stations east of Melbourne lifted the
    Reuter  -  339 words
  • Article
    Lock icon Bringing order to cotton
    206 11 UPI SEOUL, Tues. About 160 delegates to the 36th Seneral meeting of the iternatlonal Cotton Advisory Committee (ICAC) today discussed In detail what should be done for an orderly supply and demand of raw cotton for world markets. A spokesman for the committee said delegates from
    UPI  -  206 words
  • Article
    Shell classes for retiring employees
    126 11 SHELL will be cne of the first organisations In Singapore to Introduce preretirement courses for Its employees next month. The company announced this In the latest Issue of Its publication, Berlta Shell. The article said that the three-day courses will provide opportunities for discussing problems
    126 words
  • Article
    New lines
    28 11 •THE MP for Telok Blangah constituency, Enclk Ahmad Haleem, will commission 10,000 lines of telephone switching equipment Into service at the Telok Blangah exchange on Friday.
    28 words
  • Article
    Lock icon More in store at Taching?
    181 11 Reuter PEKING, Tues. Workers at the Taching oil field In north-east China have been drilling 3,000-metre test bores for the past seven or eight months In anticipation of tapping a second major oil reservoir below the present one. Western visitors to the area said. The
    Reuter  -  181 words
  • Article
    Two NPB courses for supervisors
    136 11 THE National Productivity Board (NPB) will conduct two courses for supervisors next month. The first course, "Industrial Engineering Module n Work Measurement and Incentives" is to Increase the supervisor's knowledge of productivity techniques. A unique feature will be the NPB's In-plant advisory service personal advice
    136 words
  • Article
    Lock icon Escap warns of need to tackle region's problems
    221 11 AP BANGKOK, Tun. The head of tl» UN Economic and Social Commiaeion for Aaia and the Pacific (Eacap) warned last night that Um la solve poverty, economic inequality and other problems In the region would "lead to great instability in our aociotiaa
    AP  -  221 words
  • Article
    Lock icon UNCHANGED JOB RATIO IN SEPT
    88 11 Reuter TOKYO, Tues. Japan's seasonally adjusted September ratio for Job offers to Job seekers was unchanged from August at 0.53, but was down from 0.66 in September last year, the Labour Ministry said. The ministry said Job seekers, who Include employed persons wishing to change
    Reuter  -  88 words
  • Article
    Lock icon NZ warns Japanese of fishing ban
    615 11 PREFERENCE TO RUSSIAN FLEETS UPI WELLINGTON, Tues. New Zealand told Japan today unless It changes Its policies towards New Zealand exports Japanese fishing boats would be banned from New Zealand waters with preference to Russian fishing New Zealand Prime Minister Robert Muldoon said his
    UPI  -  615 words
  • Article
    Lock icon Confidence in Australian economy continues to sag
    779 11 AFP Reuter CANBERRA, Tues. Some Australian official statistics have given new hope to the Fraser Government that the economy may be strengthening but these figures are overshadowed by growing evidence of further lack of confidence. After last week's surprise In the September quarter
    AFP; Reuter  -  779 words
  • Article
    Lock icon TOKYO TOYS WITH HONGKONG PRODUCTS
    522 11 AFP HONGKONG, Tues. Japan's Imports of toys from Hongkong remain still comparatively small but the colony has begun to attract more Japanese importers and manufacturers because of Its sophisticated merchandise. A spokesman for a Japanese toy trading company here said Hongkong had highly skilled workers
    AFP  -  522 words
  • Article
    Lock icon HK textile plea not likely to move EEC
    736 11 AFP HONOKONO, Tues. Hongkong's hopes of striking an agreement with the EEC offering reasonable growth prospects for all categories of textiles look despairingly bleak as talks continue In Brussels. This view was editorially expressed today by the leading English dally, South China
    AFP  -  736 words
  • Article
    Lock icon Wheat for Algeria
    106 11 AFP ALGIERS, Tues. Australia Is to provide Algeria with about 100,000 tonnes of soft wheat and with large quantities of hard wheat In the next three years, It was learned 'officially here yesterday. An agreement to this effect was signed In Algiers on Saturday by Mr. R.
    AFP  -  106 words
  • Article
    Lock icon Hussein committed to Plan's success
    167 11 Reuter BATU PAHAT, Tues. Prime Minister Datuk Hussein Onn said here today that he staked his leadership on the successful Implementation of development projects under Malaysla's Flve-Year Plan launched since last year. Opening the Pesta Pembangunan (development festival) here in Johore, Datuk Hussein said he
    Reuter  -  167 words
  • Article
    Lock icon Another ADB loan for Manila
    121 11 Reuter MANILA, Tues. The Asian Development Bank and the Philippines today signed a UBS4S million (B$UO million) loan and technical assistance grant agreement for a road Improvement project here. The documents were signed at the presidential Malacanang Palace by bank president Taroichl Yoshlda and President
    Reuter  -  121 words
  • Article
    Lock icon Fukuda says no to Talboys' request
    210 11 Reuter TOKYO, Tues. Japanese Prime Minister Taken Fukuda today rejected a re* quest by visiting New Zealand Foreign Minister Brian Talboys that Japan give preference to New Zealand agricultural products even if It could not change Its global Import quota system, Japanese government sources
    Reuter  -  210 words
  • Article
    Lock icon THAI-UK AIR ROW SETTLED
    123 11 AFP BANGKOK, Tues. Thai and British authorities have reached a settlement over a conflict on the number of flights for the Bangkok -r Hongkong route, informed sources reported today. <* The sources said ttife authorities, who met at t&t Gulf of Thailand resort m Pattaya last
    AFP  -  123 words
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      Page 11 Advertisements Column 1
      333 11 APPOINTMENTS EXPORT SALES OFFICER We ore a long established company manufacturing building materials and due to growth and expansion a vacancy has been created for an Export Soles Officer. This is a challenging position and applications are invited from Singapore citizens with a minimum educat.on standard of HSC. Whilst not
      333 words
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  • Article
    Lock icon Hongkong-Canada garment talks set for Nov 7
    587 12 HongkongCanada garment talks set for Nov 7 Reuter HONOKONO, Tues. Canada has formally proposed to Hongkong that negotiations on a bilateral agreement restraining clothing Imports should start on Nov 7, Canadian Trade Commissioner Mr. Douglas Campbell said. He said the Canadian commissi on in HOhgkong had sent a formal proposal
    Reuter  -  587 words
  • Article
    Incentives for toy projects considered
    316 12 BECAUSE of the encouraging progress of the Singapore toy manufacturing Industry, the Government is considering tax incentives for new projects or expansion of present projects, to accelerate the industry's development. The Government Is also actively encouraging the development and upgrading of the supporting Industry and
    316 words
  • Article
    Michael Wee is chief exec of IBS
    276 12 MR. MICHAEL Wee a former vice president of the Development Bank of Singapore (DBS), has been appointed chief executive of the International Bank of Singapore (IBS). Source* say that Mr. Wee will take up his appointment as general manager of the bank from
    276 words
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    Lock icon Aussie $ devalued
    87 12 Aussie devalued Reuter SYDNEY, Tues. The Australian dollar was devalued today by a further 0.22 per cent, following yesterday's 0.11 per cent devaluation, the Reserve Bank said. The exchange rate fixing authorities shifted the index of the trade weighted basket used in managing the currency from 91.2 to 91.0. The
    Reuter  -  87 words
  • Article
    ITB sets up committee to advise on applied arts
    616 12 GRAPHIC arts has assumed new Importance in Singapore. Proof of this is the Industrial Training Board's (ITB) decision to form a trade advisory committee for applied arts. The committee will function in the same way as the eight other trade advisory
    616 words
  • Article
    MARISSCO TAKES OVER
    406 12 MARISSCO, the Singa-pore-Soviet seafood processing Joint venture, has taken over the properties and facilities of Straits Fisheries, the Singapore partner In the venture. Mr. Lee Stan Teck, Marlssco's chairman, told Business Times that with this move, Straits Fisheries will now remain as a holding company. The takeover
    406 words
  • Article
    Lock icon Still some kinks in China's output plans
    602 12 Reuter PEKING, Tues. The chairman of China's state planning committee said Industrial production has -moved out of a stagnant period since March but warned that a number of major problems still had to be overcome. Vice-Premier Yu Chlu-ll was addressing a two-day plenary
    Reuter  -  602 words
  • Article
    US urged to boost export programme
    642 12 THE Carter Administration was urged recently to take a serious look Into ways that will transform the United States Into a major exporting nation with a cohesive and comprehensive export programme of Its own. In a resolution drawn up at the 9th annual meeting
    642 words
  • Article
    Local firm wins $48m contract for Mandarin extension
    236 12 LOW KENO HUAT Construction has won the $48mlllion contract for building the podium ai)d superstructure of the Mandarin Hotel's 448-room extension, against stiff International competition from more than 10 other contractors, Including some Japanese companies. Low Keng Huat, awarded the contract by
    236 words
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    LONDON STOCKS
    759 12 LONDON, Tues. Gold shares advanced after their recent decline with fair amount of overseas Interest reported. Heavyweights gained up to two points. Government bonds ended higher having opened easier. Interest was of a speculative nature ahead of the government's economic measures due tomorrow. Rises ranged to about point
    759 words
  • Article
    Boat builders form new association
    315 12 A NEW shipbuilding association wID De set up soon, comprising 12 boat builders and related marine equipment suppliers. To be known as SABRES (Singapore Association of Boat Builders and Related Suppliers), It enjoys Trade Department support. The application to form SABRES was forwarded to the
    315 words
  • Article
    Lock icon Kuwait raises LPG by $5 a tonne
    174 12 AP AFP KUWAIT, Tues. Kuwait has decided to Increase the price of Its liquefied petroleum gas by US$2 (Ss4 .82) a tonne, the OH Ministry Undersecretary announced yesterday. Mr. Mohammed Nassler said the price hike Is retroactive to Oct 1. "The decision was
    AP; AFP  -  174 words
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