The Business Times, 5 November 1977

Microfilm: NL9610
Total Pages: 12
1 12 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, NOVEMBER 5, 1977 SO CENT!
    10 words
  • NEWS IN BRIEF
    • Article
      Lock icon Discord is likely
      63 1 AFP BASLE, Fri. Disagreement among central banks of the Western world could weigh on the central bank governors' monthly meeting here on Monday and Tuesday, sources said today. The gathering may well lead to closer cooperation between West Germany, Japan and Switzerland vls-a-vls the United States, which
      AFP  -  63 words
    • Article
      Lock icon Iraq wants 23 pc
      44 1 AFP KUWAIT, Fri. Iraq will propose a 23 per cent oil price rise at next month's Opec meeting In Caracas. The newspaper A 1 Ral A 1 Aam said the Iraqis believe this is necessary to compensate for inflation. AFP.
      AFP  -  44 words
    • Article
      Lock icon UK faces blackout
      78 1 AP LONDON, Fri. A full scale power blackout throughout the whole of Britain loomed as a strong possibility today as the authorities threatened to stop the pay of electricians on a goslow strike that has caused sporadic cut-offs and chaos. The stand by the nationalised Central Electricity
      AP  -  78 words
    • Article
      Lock icon Peking deals
      47 1 Reuter HONGKONG, Fri. China said today it had concluded a number of transactions to Import materials and equipment from Japan, West Germany and Britain. On the export side, the New China News Agency said the volume of transactions with the Third World "has Increased considerably."
      Reuter  -  47 words
    • Article
      Lock icon Ford to push ahead
      82 1 AFP New York, Frl. The Ford Motor Company intends to go ahead with a US$3O million (Ss72 million) deal with Egypt for a truck assembly plant and a dlesel engine factory, the firm said last night. It was commenting on a report from Cairo that the
      AFP  -  82 words
    • Article
      Lock icon BoA managers' meet
      58 1 AFP MANILA, Frl. Asia division managers of the Bank of America will meet In Manila on Nov. 16 and 17 to discuss "new perspectives" for the bank In the region. Participants will include branch managers, regional vice presidents, heads of subsidiaries and affiliates, and top division staff
      AFP  -  58 words
    • Article
      Lock icon Dow Jones
      57 1 UPI NEW YORK, Fri. Prices moved higher during the first hour today in active trading of New York Stock Exchange issues. The Dow Jones Industrial average, which gained 1.82 points yesterday was ahead 5.89 points to 808.56 shortly before 1600 GMT. Advances led declines, 764 to 202, among
      UPI  -  57 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      201 1 THE MARKET ruled steady to firm in moderate trading on the Stock Exchange of Singapore yesterday. Most gains were, however, pared by profittaking especially in the active speculative shares. The Business Times Index closed 2.22 points lower at 431.78 while the Straits Times Industrial Index inched 0.33
      201 words
    • Article
      In Kuala Lumpur
      111 1 Rises Most active Castlefleld K.T. Pau A. Hltam Rub. Sg Besl K Sldlm Rlvervlew Alcom Kempas Sea View PacDevCr. O.C.B.C. Foil Sentosa M. Banking MBS 7.10 .30 O. Ceramics 239.000 2*30 .20 Sentosa Ply 150.000 l"g5 .15 C. Sugars 139.000 5 10 10 I.ipn Hoe 120 000
      111 words
  • Article
    Much hinges on petro-project
    756 1  -  TOKYO INVESTORS KEEP TABS By TERESA LIM JAPANESE companies are keeping a close watch on the progress of the $2 billion petrochemical project, the success of which will determine their plans to invest here. This is because its success will attest to the stability of the
    756 words
  • Article
    Lock icon Jakarta plans commodities exchange
    291 1 Reuter JAKARTA, Frl. Indonesia intends to set up a commodities market and exchange under the Jurisdiction of its Department of Trade. The plan is based on a report prepared earlier this year by a British consultant firm, Maxwell Stamp Associates, on feasibility of a commodities market
    Reuter  -  291 words
  • Article
    Gold breaches US$165 in a dull market
    611 1  -  By COLIN CHEE GOLD BURST though the US$l65 an ounce mark yesterday on the local bullion market in tandem with other overseas centres. Taking up from London's Thursday closing of US$l64 20 the metal opened at $165.30 yesterday and was quickly traded up
    611 words
  • Article
    Lock icon Japan has $14b secret reserves
    449 1 Reuter NEW YORK, Frl. Business Week magazine says Japan Is hiding at least US$6 billion (5514.4 billion) in foreign currency reserves through secret deposits in private Tokyo banks. The Japanese government has taken this step in an attempt to curb US and European pressure to
    Reuter  -  449 words
  • Article
    Lock icon More haste urged
    160 1 Reuter HONGKONG, Frl. Hongkong's four stock exchanges should merge so that more foreign investors will be attracted here, Flnanclkl Secretary PhlUp Haddon-Cave said tonight. A working party Is at present reviewing the merger but Mr. Haddon-Cave warned "unless we soon have tangible evidence of real progress towards
    Reuter  -  160 words
  • Article
    C.Itoh to float US$15m Asian dollar bond
    249 1 C. ITOH and Company (Hongkong) International will float a US$l5 million aeven-year guaranteed note issue in the Asian dollar bond market in a fortnight's time, according to a spokesman for DBSDai wa Securities International. Final terms for the issue, which is led by
    249 words
  • Article
    Tourist trade looks to the future with caution
    644 1 THOUGH Singapore is expected to achieve its projection of 1.7 million visitors this year, the tourist industry has turned cautious about prospects for future years. And, while nobody is saying it, the projection of 2.53 million visitors by 1980 by the Singapore
    644 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      30 1 IL* INSIDE Market Review*/ TV Radio Overseas News Local Co. News Int'l Co. News Local Stocks Overseas Stocks Commodities Transport A Communications Features Local Overseas News Local A Overseas News
      30 words
    • Advertisement
      Page 1 Advertisements Column 2
      76 1 SIX-STOREY FACTORY BUILDING FOR SALE SIITUIE FOR UMT WDISnIES. WUEHOISIM Ml OFFICES SPECIFICATIONS: Land area: Over 1325 sq. metre Area per floor: Approx 470 sq. metre Facilities: 1 passenger lift, 1 cargo lift with ample carpark for private cars and lorries. Completion date: End December, 1977 Location: No. 44, Alexandra
      76 words
    • Advertisement
      Page 1 Advertisements Column 3
      48 1 Get advanced copying technology. Whatever you require you can get them from: m. 1 b z Va V Meet us at STAND NO 37. LEVEL 3 Machine Asia Exhibition or KOREA TRADE CENTER, SINGAPORE Rm.1307,13 th Floor, Hong Leong 81dg.,16, Raffles Quay, Singapore 1. P.0.80x 421 Te1.*****55. *****56
      48 words
Page thumbnail Page 2
  • MARKET REVIEWS
    • Article
      The bear hovers menacingly
      610 2  -  LONDON Br IVAN FALLON IT HAS been a week of extraordinary gyrating fortunes In London. Monday started with what Mr. Edward Heath in an unwise moment used to call "the problems of success" the pressure of foreign money coming into London forced the government finally to
      610 words
    • Article
      Reed's Canada ops a drag on profits
      402 2 WHEN Lord Ryder left Reed International, the giant paper and publishing group which owns th® Daily Mirror, to head up the new National Enterprise Board (holders of 97 per cent of British Leyland and 100 per cent of Rolls Royce 1971 among many
      402 words
    • Article
      Sime incurs the wrath of City of London again
      338 2 SIME DARBY has developed a knack of arousing the ire and anger or the City of London. As It struggles to get over its insurance debacle, it is now embroiled In the Assam Frontier scene which has taken a farcical turn.
      338 words
    • Article
      Reversal at KL shouldn't hurt
      306 2 THE NEWS last month that Inchcape's Malaysian subsidiary Inchcape Berhad has suffered a 38 per cent profits fall and written off an exceptional £1.2 million has dented Inchcape's rating in London and reversed its share price strength. Since August the share price has dropped back
      306 words
    • Article
      Interbras plans
      116 2 LONDON, Frl. Brazil's i government controlled trading company, Interbras, will widen its activities from the London 1 coffee futures market to j cocoa, sugar and nonferrous metals, head of Interbras London office Claudio Vllela said. Mr. Vllela said Interbras intends to spread its opera- i tions to cocoa
      116 words
    • Article
      KUALA LUMPUR
      396 2 APART from a flash-in the-pan bullish run on Thursday, trading on the Kuala Lumpur Stock Exchange was generally quiet and slightly steady this week. The sudden change on the fourth day bf trading lifted the Malaysian Business Times index by 13.67 points over the previous day to 525.80.
      396 words
    • Article
      Company news for the week ended Nov 4
      411 2 SCRIP ISSUES Kuala Sldlm: Three-for-one, capitalising M 516.65 million. Rlvervlew Rubber Estates: One-for-one, capitalising M 55.40 million. OTHERS Kesang Tin Intends to sell all the assets and liabilities of Auvl Sdn Bhd for $3/-, which Is the price It paid for In
      411 words
    • Article
      SINGAPORE
      622 2 THE NANYANG Press Singapore (1975) share made its debut at the Stock Exchange of Singapore this week with a comfortable premium range and helped Inject some life into an otherwise dormant market. Offered to the public at $1.05 the share commanded a premium ranging from $1.50 and upward. At
      622 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      327 2 The first new idea in encyclopaedias in over 200 yea- Britaimka 3, Britannica 3 does what no other encyclopaedia has ever done before: It serves the three basic needs of users in three distinct ways. That's what makes it the most useable reference work ever developed. That's why Britannica 3
      327 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      382 2 THE WEATHER WEATHER report for 24 hour* prior to 7.30 p.m. on Nov. 4 at Singapore airport. Maximum Temperature 30.7° C Associated Humidity 73 Minimum Temperature 22.7° C Associated Humidity 100 Hours of Sunshine 5.20 Rainfall in Millimetres 10.8 Total Rainfall for the Month 54.6 Total Rainy Days for the
      382 words
Page thumbnail Page 3
  • OVERSEAS
    • Article
      Lock icon Study refutes Carter energy plan estimates
      467 3 AP new YORK, Frl. The United States will become Increasingly reliant on oil imports even though the growth rate of energy consumption and the actual amount of petrol used will decrease through the 1980s. A Petroleum Industry Research Foundation report released yesterday contradicted some
      AP  -  467 words
    • Article
      Lock icon Callaghan hints possible election next autumn
      397 3 Reuter LONDON, Frl. Prime Minister James CaTlaghan gave a broad hint to his supporters yesterday of a possible general election next autumn. Speaking at a private meeting of Labour politicians after Queen Elizabeth opened a new session of Parllment, he emphasised there was no
      Reuter  -  397 words
    • Article
      Lock icon Bundesbank withdraws 10-day bill offer
      119 3 Reuter FRANKFURT, Frl. The Bundesbank said It is withdrawing the 10-day bill offer, effective Immediately. This Is the only credit policy decision the central bank council took yesterday, a bank spokesman said. The bill facility allows banks to sell bills to the Bundesbank over 10-day
      Reuter  -  119 words
    • Article
      Lock icon Bonn 'no' to controlling body on commodities
      119 3 AFP BONN, Frl. The West German Government remains opposed to the creation of an International body to control trade in commodities, a senior official of the Economy Ministry said here yesterday. The official, Mrs Helga Steeg, said negotiations on a common fund for
      AFP  -  119 words
    • Article
      Motorcycle plant
      32 3 RAWALPINDI, Frl. A UBsl million (***** million) motorcycle assembly plant will go into production in Makaland district of Northwest Frontier Province In the beginning of next year, officials said yesterday.
      32 words
    • Article
      US warned not to subvert Arab boycott
      223 3 KUWAIT, Frl. An Arab trade official warned yesterday that the Arab world will "slam Its doors shut in the face of American goods and companies" If US legislations countering the Arab boycott of Israel take effect. Addressing a four-day 16natlon conference of the
      223 words
    • Article
      Lock icon September factory orders rose by $1b
      225 3 Reuter WASHINGTON, Fri. New orders received by US manufacturers roee US 1485 million (SSI.IC billion), or 0.4 per cent, in September to a seasonally adjusted Hi 1.98 billion, the Commerce Department said. The increase compared with a $2.9 billion, or 2.7 per cent, rise
      Reuter  -  225 words
    • Article
      Lock icon SUPPLY OF MONEY INCREASES
      90 3 Reuter NEW YORK, Frl. US narrowly-defined money supply Ml rose US$l.4 billion (553.4 billion) to $334.6 billion In the week ended Oct 26, New York Federal Reserve Bank said. The broader money supply definition M 2 showed a rise of $2.1 billion to $801 billion In
      Reuter  -  90 words
    • Article
      Interest rate falls
      46 3 TOKYO, Frl. The average contracted Interest rate for lendings by all Japanese banks fell 0.136 Sercentage points in sptember to 7.210 per cent per annum from 7.34« per cent in August when it declined 0.108 points from July, the Bank of Japan said.
      46 words
    • Article
      Lock icon Growth at 4pc will keep down deficit
      121 3 Reuter COLOONE, Frl. West Germany's federal, state and local authority deficits would total only 4 billion marks (SS4 billion) by 1985 If Germany could maintain average annual rises In real QNP of 4 per cent, the Cologne Economic Institute (IW) said. Given annual
      Reuter  -  121 words
    • Article
      Lock icon Cabinet approves extra spending
      302 3 Reuter PARIS. Frl. The French Cabinet adopted a draft supplementary budget for 1977 Involving increased net expenditure of 2.93 billion francs (551.44 billion). Presidential spokesman* Jean Philippe Lecat said after the weekly Cabinet meeting the budget is made up of extra spending of 7.13 billion, partly
      Reuter  -  302 words
    • Article
      Lock icon Wholesale index increase won't spur inflation
      573 3 FARM PRICES SOAR Agencies WASHINGTON,Fri. The Carter administration does not feel the October increase of 0.8 per cent in the wholesale price index, the largest gain in half a year, accelerated the US inflation rate, White House spokesman Jody Powell said. Mr-. Powell said
      Agencies  -  573 words
    • Article
      McGraw Hill sees capital spending rise of 11pc
      281 3 NEW YORK, Frl. Capital spending by US business next year will rise 11 per cent over 1977 to US$l5lll billion (1367.4 billion) McGraw-Hill publications said. The real gain, after adjusting for a projected 8 per cent capital goods inflation, comes to about
      281 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      178 3 There are now 173,709 households on our circulation list <0* ffStraits Times latest circulation now stands at 173.709 an amazing increase of 16.000 copies ouer 12 months The Straits Times latest circulation now stands at 173,709 copies per issue. That's an increase of nearly 10.000 copies over the circulation for
      178 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      184 3 CROSSWORDS I Easy Solution ACROSS. 1. Work. 4 Better. 8, Nod. 10. Itch. 13, Distorts. 14, Freedom. 15, Eroded. 17, Memorable. 21. Son. 22, His. 23, Pen. 26, Notepaper. 27, Sunday. 28, Blended. 32, Intrigue. 34, Score, 35, Sad. expose. 37, Lead. DOWN. 1, waif. 2, Race. 3, Dodo. 5,
      184 words
Page thumbnail Page 4
  • COMPANY NEWS
    • Article
      Rising costs eat into PMC profit
      698 4 SEVERE competition In Singapore coupled with rising production costs In Malaysia have continued to erode profit margins at the Pan Malaysia Cement Works group of companies. For the parent company, unaudited pre-tax profit for the six months ended Sept 30, 1977 amounted to only
      698 words
    • Article
      DIVIDENDS ANNOUNCED
      289 4 Cirml ■ft, D«lc TvUlfw Totoifov p*riMat Daw #»v«fcW (turn* prewtow* reer Man BnwMt itt% Ort n Nov 9 0* M*« EM M*U>»U 9*ITE Oct 7 Nov! 9* I0MTK Magnum Vm on ia NitVB 5* 19* S'|w Citato &0blJM0« 10% 0»tl4 Nov 9 ia* M* 1QH Oct 94 Nov#
      289 words
    • Article
      Increase in Kuala Sidim price: KLSE seeks to know why
      200 4 THE KUALA Lumpur Stock Exchange la interested in the background of the recent increase in the share price of Kuala Sidim Rubber Company just before its announcement of a scrip issue of three-for-one. In a letter to the company, the
      200 words
    • Article
      Singapore Finance appeals
      101 4 SINGAPORE Finance is appealing against the quantum of compensation for its two properties gazetted for acquisition by the Government. For its freehold property at 100/102 Robinson Road, covering an area of 361.8 sq. m. and whose value amounts to about 4.9 per cent of the book value
      101 words
    • Article
      Profitability at Patani Para slackens
      440 4 THE LAST report and accounts from Patani Para Plantations, which has now been acquired by Consolidated Plantations, show that after the strong 82.3 per cent profit upsurge in the last financial year to end-March 1976, profits growth slowed down In the 15 months ended June
      440 words
    • Article
      High tin price boosts earnings at SMT
      399 4 IN its last report and accounts as a British company, Southern Malayan Tin Dredging, which has completed its transfer of domicile to Malaysia, reported that for the year ended June 30,1077, pre-tax profit was once again boosted by the higher tin price. Audited
      399 words
    • Article
      Kesang shows losses again
      241 4 KESANG tin (Malaya), which ceased active mining In April 1973, continues to show losses. For the first half-year ended June 30, 1977 the company Incurred a further unaudited pre-tax loss of MS 1,315 although this Is a slight Improvement from the 12,509 loss suffered In the
      241 words
    • Article
      Selangor Coconuts Bhd:
      20 4 THE following company meetings are due: Nov 9 at noon at 50 Jalan Am pang, Kuala Lumpur.
      20 words
    • Article
      Veneer Products Ltd:
      17 4 Nov 15 at 13th floor, Tunas Building, Anson Road, Singapore 2 at 10 a.m.
      17 words
    • Article
      Malaysia Rice Industries Bhd:
      21 4 Nov 18 at the confe- rence room of Hotel Malaya, Jalan Cecil, Kuala Lumpur at 10.30 a.m.
      21 words
    • Article
      Consolidated Plantations Ltd.:
      18 4 Nov 10 at noon at the Regent of Kuala Lumpur Hotel, Jalan Imbl, Kuala Lumpur.
      18 words
    • Article
      Tractors Malaysia Bhd.:
      15 4 Nov 17 at noon at the Kuala Lumpur Hilton Hotel, Kuala Lumpur.
      15 words
    • Article
      Ayer Hitam Tin Dredging Malaysia Bhd.:
      21 4 Nov 17 at noon at the Cempaka Room, Hotel Equatorial, Jalan Sultan Ismail, Kuala Lumpur.
      21 words
    • Article
      Sime Darby Holdings Ltd.:
      23 4 Nov 18 at noon at the United Nations Room, the Regent of Kuala Lumpur Hotel, Jalan Imbl, Kuala Lumpur.
      23 words
    • Article
      Kesang Tin (Malaya) Bhd:
      21 4 Nov 21 at Tingkat Kedua, Blok E, Kompleks Pejabat Damansara, Damansara Heights, Kuala Lumpur at 10 a.m.
      21 words
    • Article
      Malayan Breweries Ltd:
      16 4 Nov 24 at 3.00 p.m. at 19th floor, OCBC Centre, Chulla 8treet, Singapore.
      16 words
    • Article
      Kemayan Oil Palm Bhd:
      18 4 Nov 26 at noon at 5E, Foh Chong Building, 66 Jalan Ibrahim, Johor Barn.
      18 words
    • Article
      Glenealy Plantations (Malaya) Bhd:
      15 4 Not 26 at 10.00 a.m. at No. 6, Tambun Road, Ipoh.
      15 words
    • Article
      Parit Perak Holdings Bhd:
      14 4 Nov 26 at 6, Tambun Road, Ipoh at 11 a.m.
      14 words
    • Article
      Kuala Sidim Rubber Co Bhd:
      14 4 pang, Kuala Lumpur. Dec 5 at 50, Jalan Am-
      14 words
    • Article
      PEOPLE IN BUSINESS
      177 4 MR THOMAS Chua Boon Lee has been appointed deputy managing director of Cycle and Carriage Co (Industries) Pte Ltd, Cycle and Carriage (Enterprises) Pte Ltd, Supreme Star Engineering Pte Ltd and General Credit Corp Pte Ltd. The four companies are wholly-owned subsidiaries of Cycle and Carriage Ltd.
      177 words
    • Article
      Shares selling below their book values
      682 4 NEW YORK: It was true In 1074 and It Is true again today only more so. There are myriad opportunities for small Investors to Invest in shares of companies that sell for less than book value and there is little competition for the shares
      682 words
    • Article
      CHICAGO BOARD OPTIONS
      1209 4 On Nov 3 TRADING on the Chicago Board Options Exchange came to 83,824 contracts compared with 110,351 contracts on Wednesday. nrtwt JAM ATL M STOCK Nam >M 414 inrrso F I 114 IVI a Aire* 9 Lurfno mtKzi II'!# SQL a Alut H utmu> AOL B AMTI
      1,209 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      404 4 THESE ARE THE BOOKS THAT HITLER BURNED Wimi 33a .w wili-ISP-C -iiiPfr -Ie- f 4Mll« j £'-S Z -u£s*fcli i liiiii^n THE GREAT BOOKS OF WESTERN CMLIZAnON ■"■S ~A i*;i Ik if 'H 0\ These are the books that had to burn. For within the GREAT BOOKS are volumes that
      404 words
Page thumbnail Page 5
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Eaton still wants Carbo
      102 5 NORTH AMERICAN COMPANIES Reuter EATON Corp said It continues to believe the combination of Carborundum Co and Eaton would be to the advantage of both companies. It added that while the Carborundum board has rejected its $47-per-share offer. It is still hopeful that a transaction can
      Reuter  -  102 words
    • Article
      Gamble store losses
      100 5 GAMBLE-SKOGMO Inc said it will have an aftertax charge of about US$3 million In the current fiscal year from the sale of a number of its unprofitable stores. Gamble declined to Identify the stores but said they represent less than nine per cent of total units and
      100 words
    • Article
      Beatrice revises terms
      86 5 BEATRICE Foods Co has revised the terms of the previously announced merger agreement with Phoenix Candy Co. Beatrice Foods said under the revised terms, the proposed transaction would provide for the exchange of 0.***** share of Beatrice common for each share on Phoenix Candy common stock. The
      86 words
    • Article
      M-F gets go-ahead
      76 5 MASSEY-FERGUSON said the Egyptian Government has approved the formation of a Joint venture company to build MasseyFerguson tractors and farm Implements and Perkins dlesel engines at a factory to be built near Alexandria. The plant will have a capacity of 5.000 units a year In the 65
      76 words
    • Article
      Lock icon Texaco tests negative
      54 5 Reuter TEXACO Inc has completed Its programme of three test wells on U.K. North Sea Block 207/1 West of the Shetlands. without finding commercial quantities of hydrocarbons, a company spokesman said. ine company undertook minimal production tests on only one of the wells. No further exploration drilling
      Reuter  -  54 words
    • Article
      Lock icon SEC requests for data on G and W deals revealed
      450 5 NYT A NUMBER of disclosures about the private Investigation by the Securities and Exchange Commission Into certain activities of Gulf and Western Industries are contained In the company's 10-K filing for its fiscal year ended July 31, 1977. The filing,
      NYT  -  450 words
    • Article
      Lock icon SEC disclosure system found sound
      265 5 Reuter A SECURITIES and Exchange Commission advisory committee report said the SEC corporate disclosure system is sound and does not require radical reform or renovation but it recommended several actions. The advisory committee on corporate disclosure, after an 18-month study, said the actions It is
      Reuter  -  265 words
    • Article
      Lock icon RCA expects very strong earnings
      311 5 Reuter RCA's Corp's fourth quarter 1977 earnings will be very strong and definitely better than the same 1976 quarter, president and chief executive Edgar H. Griffiths said after a security analysts dinner here. Mr Griffiths told analysts earlier that full-year 1977 would be a record
      Reuter  -  311 words
    • Article
      Lock icon TIME MERGER
      109 5 Reuter TIME Holdings Inc said stockholders at a special meeting approved its proposed merger into NV Amev, a Dutch financial and insurance holding company. The merger, which provides for Time Holdings stockholders to receive U5535.25 a share In cash, Is expected to become effective on Jan 9. In
      Reuter  -  109 words
    • Article
      Lock icon General Dynamics has record gains despite strike
      237 5 Reuter GENERAL Dynamics Corp., said it had record third quarter earnings despite the severe impact of a strike at its Quincy shipbuilding division and wildcat coal mine strikes. Net earnings for the third Siuarter this year rose about our per cent to U5525.53
      Reuter  -  237 words
    • Article
      Grace does better
      80 5 W.R. GRACE and Co said all its major lines of business had excellent earnings Improvement in the third quarter, except agricultural chemicals. Grace said the third quarter is traditionally slow in the agricultural chemical business and. as in the first two quarters, profits decreased from the comparable
      80 words
    • Article
      Lock icon Woolworth hopeful
      95 5 Reuter F.W. Woolworth Co expects its results for the third quarter ended Oct 31. 1977 will show an improvement over those of the second quarter and first half, president Edward Gibbons told analysts. In the 1977 second quarter it earned U553.35 million or eight cents a share, down
      Reuter  -  95 words
    • Article
      Lock icon GE forecast
      39 5 Reuter GENERAL Electric Co is sticking with its earlier forecast that it will earn between US$4.7O and $4.80 a share in 1977, vice pre-sident-finance Alva O. Way told reporters. Last year the company earned $4.12 a share.
      Reuter  -  39 words
    • Article
      Lock icon Rockwood National trying to keep from sinking
      790 5 NYT NEW YORK, Frl. When James Townsend, president of the Rockwood National Corp., calls debenture holders of the predessor company, the LevlnTownsend Computer Corp., offering money, he does not always get the holder to take It. While most of the holders are receptive
      NYT  -  790 words
    • Article
      Lock icon Dow Chem caustic soda delay
      257 5 ASIAN COMPANIES AFP DOW Chemical Co. will postpone the start of caustic soda production in Japan until sometime after 1985 because of slack local demand, industrial sources In Tokyo said. The giant US chemical firm had earlier planned to begin operating a caustic soda plant,
      AFP  -  257 words
    • Article
      Lock icon Dunlop profits favourable
      140 5 Reuter DUNLOP Australia's total profits in the first quarter ended Sept 30. 1977 were favourable, with substantial extraordinary gains to be set against the effect of the power strike In Victoria and other strikes which made trading profit lower than expected, chairman R.R. Blackwood said. He told
      Reuter  -  140 words
    • Article
      Lock icon BHP and Esso plan gas production
      131 5 Reuter BROKEN Hill Pty and Esso Exploration and Production Australia Inc plan to spend US$l6O million to bring their Snapper gas field In the Bass Strait Into production. An Esso spokesman In Melbourne said that construction of the production platform for the partnership's field,
      Reuter  -  131 words
    • Article
      Lock icon US$500m credit for New Zealand
      106 5 Reuter NEW ZEALAND has arranged a seven year multicurrency credit for the equivalent of US$5OO million through Lloyds Bank International and the National Bank of New Zealand. The credit is an extension of an increase in the multi-currency revolving credit facility of up to $400
      Reuter  -  106 words
    • Article
      Lock icon Minolco mining suspension
      77 5 Reuter WESTERN Minolco Corp has suspended, for four months, operation of its Boneng concentrator which produces copper concentrate, company president Antonio Oarcla told the Philippine Securities and Exchange Commission. In a letter to the commission chairman, he said the board agreed on the suspension effective from Nov
      Reuter  -  77 words
    • Article
      Lock icon Lebanese loan
      82 5 Reuter LEBANON is raising between US$lOO million and $200 million for seven years In the Euromarkets through Its Board for Reconstruction and Development, Eurocurrency banking sources in London said. They said Bank of America is agent bank and co-lead manager of the syndicate in the first Eurocredit for
      Reuter  -  82 words
    • Article
      Lock icon Low activity on Eurobond mart
      150 5 EUROPEAN COMPANIES Reuter ACTIVITY on the Eurobond secondary market continues very slack with prices for both dollar and mark issues easing between one and 1.5 points since Monday and the climate remaining unfavourable for new issues, senior dealers in Luxembourg said. The dollar sector continues
      Reuter  -  150 words
    • Article
      Barclays optimistic
      100 5 BARCLAYS Merchant Bank, a wholly-owned subsidiary of the Barclays Bank group, expects to report shortly a 30 per cent rise in pre-tax profit for the year ended Sept 30, 1977 chairman elect Derek Vander Weyer said. He declined to give more precise details at an inaugural press conference.
      100 words
    • Article
      Lock icon BASF invests
      85 5 Reuter BASF AO said It Invested US$B million In two production projects in Indonesia through companies in which It holds a majority stake. PT BASF Indonesia Magnetics, owned 80 per cent by BASF and 20 per cent by PT Urecon Utama, has Just started production of cassette components
      Reuter  -  85 words
    • Article
      Lock icon Distillers
      35 5 Reuter THE Distillers Co of Edinburgh is repaying its 50 million francs worth of SV« per cent bonds due 1982 early on Feb 15 next year, bond market sources said. Repayment will beat par.
      Reuter  -  35 words
    • Article
      Property buys
      62 5 SUN Alliance Insurance Group is purchasing a portfolio of 11 properties from Rank Organisation for around t2B million payable in cash on completion. This will bring Sun Alliance's property commitments for 1977 and 1978 to about t's7 million. The Rank properties comprise nine freehold and two long leasehold
      62 words
    • Article
      ICI offer
      46 5 THE public offering by Imperial Chemical Industries of its holding of 130.85 million shares in Imperial Metal Industries at 52p has been oversubscribed. the companies said. Basis of allocation of the 62.8 per cent stake in IMI will be announced as soon as possible.
      46 words
    • Article
      Lock icon EIB PREPARING BOND
      87 5 Reuter THE European Investment Bank is preparing its first Belgian franc bond issue which is likely to be launched at the end of this month with a coupon of 8 3/4 per cent, informed banking sources said. They said the issue, which would be free of withholding
      Reuter  -  87 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      121 5 HIGHLIGHTS OF OUR OCTOBER ISSUE: TRENDS Company Profits Key to World Recovery. Find out what deters the businessmen from investing in new capacity Despite higher production costs Rollei is investing in America Why? SUPPLEMENT: UNITED KINGDOM Relevant and useful information for those exporting or intending to export to Great Britain.
      121 words
Page thumbnail Page 6
  • Article
    SHARE INFORMATION SERVICE
    2314 6 1977 High Low C«upaajr Lut Sale ♦wOr*. Dtv Dfrr Crr Qr'a YK N« P/E V«1 (*000)* D«y Hick Lew MBCTIONONZ industrials 194 204 116 238 8o* 198' 106 234 414 171 134 165 58 212 57* 155 152 182 350 145 A cm* Alcorn Allied Choc Bata
    2,314 words
  • Article
    Transactions in Singapore
    1303 6 eihrpriw ilHillj iMfenai rftSh y«— day w*k the a—hw «f +m*mJm ytlfl»V All Ttaa Bttl——t <Mlinl« m nm< after the »«*d Btc BmH teb (la IktliMrßß. MCTI ON ONI INDUSTKIALfI Asm (I.SBB 1378) AIIM Qmc (IMB 1038) (1) 141 mm (OOP) (1) 001 0.61 H (U)o.csanT <o.tn)(t)o.si
    1,303 words
  • Article
    In Kuala Lumpur
    1552 6 BID ud offer price* officially listed and buainess la ud ntortid to the Koala Lumpur Stack Exchange yesterday with the number of share* traded shown in brackets in lets of l.Mt units aalees otherwise specified INDUSTRIAL! AJinemst* (2.028). AI«MI (IMB 1.728) (1) 1.73. A Is*. HOW (O.MS).
    1,552 words
  • Article
    Stock options
    58 6 STRIKING prices of the •tack optiiai officially listed on the Stock Exchance of Singapore, the periods, bid and offer pricaa end busineee done ywtorday, with the number of options traded shewn In brackets. DBS (March tt.M) (0.208). U E (Dec $1.70) (0.055) (March 11.70) (0.108). UOB (Dec 13.00)
    58 words
  • Article
    Unit trusts
    156 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Maaapn' prim i fcr Ne* 'T) (Carnal pri Me) The Commerce 1.74 1 84 INCOME BOND IN 1.14 The 8a ring Fund 1M 1 1* S pore Prof Fund 0 82 17 MARA Bl'MIPUTRA FUND 8 pore Security (MiMgm* prim he New
    156 words
  • Article
    GOVERNMENT BONDS
    108 6 Rep Spore D Mark 7% IM2 (100,000) (100*B 101 ViS) *•0 Spare 1/2% 1083 (100,000) (IMB 100HS) 7 s/4% (100,000) (WWB 100^S) <250 00,,, '/J* 16/6/80 (250,000) (104.706) *3/4% 16/0/80 (250.000) (99.358 99 80S) flM'Sfß.""'" Si T MB F 2iOMQ < 6% T F IS/10/81 (250,000) (101.45B) 5%
    108 words
  • Article
    CORPORATE BONDS
    171 6 BOTI 1/2% IMI (100.000) (9»%8 100S8) B O T 7 5/8% 1984 (100,000) (96%8 97*8) LTCBJiltt (100.000) (988 96 SS) Credit Lyonntii Floating IMS (100.000) (9758 97*8) D B 8 Convert* 1/2% IMI (100,000) (96 *B 978) D B 8 8 1/2% IM2 (100,000) (m.B 100 MB) E
    171 words
  • Page 6 Advertisements
Page thumbnail Page 7
  • Article, Illustration
    SES RULES STEADY
    634 7 THE MARKET ruled steady to Arm in moderate trading oa the Stock Exchange of Singapore yesterday. Prices inched forward at the opening bell with small gains attending most counters. There were signs of profit-taking among the speculative counters but the margin of profit was minimal. Trading yesterday
    634 words
  • Article
    KLSE REACTS DOWNWARDS
    372 7 PROFIT-TAKING in the wake of Thursday's strong run-up pushed prices marginally lower on the Kuala Lumpur Stock Exchange yesterday. Most of the speculative stocks were driven slightly lower after opening on a fairly steady note. Trading also slackened noticeably with turnover down from 2.69 million units valued
    372 words
  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      392 7 HONOKONO: Share prices closed slightly easier in fairly i quiet trading on profittaklnt after recent strong gains 1 dealers said. The Hang Seng index fell 2.04 I points to 434.80. Jartine Math*— fell 20 to 14.20. Hongkoag Bank 10 to 18.90, Hongkong Land five to 7.10 and Swire Pacific
      392 words
    • Article
      Tokyo
      506 7 TOKYO: Share prices closed slightly lower In the absence of fresh factors, dealers said. The Dow Jones average fell 4.72 to close at 5.020.10 on volume of 140 million shares. The new index closed at 374.43 up 0.24. Export-orientated electricals fell on caution over the yen's appreciation, with Sony
      506 words
    • Article
      Sydney
      406 7 h SYDNEY: The market closed Utile changed in quiet trading, dealers said. The Sydney All-Ordinaries h index fell 0.72 point to 446.56 BHP closed unchanged at 5.60, while TNT fell four to 1.01 and Aaaett two to 1.38. Retailers and banks were steady. Most new south wales coal miners
      406 words
    • Article
      Manila
      159 7 MANILA: The market closed mixed with mining and oil averages up and commercials down, dealers said. Turnover rose sharply to 11.13 million pesos from Thursday's 6.47 million. Oriental rose two points and other oil Issues increased slightly. Mining issues also Increased slightly while commercials were either down fractionally or
      159 words
    • Article
      Bangkok
      134 7 Haku b b 1 t 1 s Asia Fibre Bangkok Bank Bangkok Investment Bangkok Metropolitan Bank Bau Shoe Berll Jucker Charoong Thai Wire DusltThani First Trust Oeneral Finance lndo-Thal Industrial Finance Com J and J Ho Jalaprathan Cement Karnasuta Lee Kwang Mln Metal Box New City Rama Towers Raja
      134 words
    • Article
      Amsterdam
      317 7 S AMSTERDAM: The market I was unchanged to lower In dull trading, dealers said. g The weaker trend of Wall Street and the delay In forming r a new coalition Cabinet In Holland depressed sentiment. Dutch internationals were unchanged on balance with the only movements a 0.10 guilder rise
      317 words
    • Article
      Brussels
      184 7 BRUSSELS: Most Belgian shares closed lower In very quiet trading, bourse sources said. Electrobel and Banque Brux•Uas Lambert, which said its first half results Indicated higher profits, both rose. Kredietbank was unchanged after announcing an Improved interest margin in the first half. Reserve, Soflna. Traction, Unerg. Electrafina, Asturienae, Vieille
      184 words
    • Article
      Frankfurt
      286 7 FRANKFURT: The market was nrmer on balance with large Purchases by Institutional investors In recently weak sectors more than compensating for profit-taking in reaction to Wednesday's gains, dealers said. Hooch* led chemicals up to 2.80 marks higher while Dwhm gained 8.50 marks and utilities *®re as much as two
      286 words
    • Article
      Milan
      163 7 MILAN. Stocks weekend slightly tn moderate dealings, with most Industrial and financial leaders shedding points, bourse sources said Generate Immobiliare firmed slightly on renewed optimism that the government may find some solution to Its financial problems, following a decision against a salvage project involving state-owned Condotu d'Acqua. Fiat, Mon
      163 words
    • Article
      Paris
      386 7 PARIS: The market weakened as operators awaited news of the French Cabinet's discussions on prices, dealers said. Prime Minister Raymond Barre is due to speak on television in the evening about the government's prices policy, they noted. Most sectors declined though stores rose and foods were on balance steady
      386 words
    • Article
      Zurich
      328 7 i ZURICH: The market closed narrowly mixed with a firmer bias on light turnover, dealers said Swi»»air regained part of rely cent losses with the registered it stock sharply higher Major •s banks were mixed Bank Leu was >s little changed following Its proposed capital increase as was d
      328 words
    • Article
      Jo'burg
      393 7 JOHANNESBURG: Oold shares were firmer cross the board on the stock exchange reflecting higher bullion advices, dealers said. Gains ranged from five to 250 s cents. Financial minings ad- s vanced in line with the trend In producers. Elsewhere. Da Been was traded at 485 cents (477] after 505
      393 words
    • Article
      Toronto
      332 7 TORONTO: Share prices were broadly higher at the close of the quietest session In three weeks. The composite Index was up more than three points and advances outpaced declines 221 to 152. The gold Index, responding to higher bullion prices. Jumped more than 25 points Imaaco a gained 3/8
      332 words
    • Article
      New York
      1165 7 rNEW YORK: The stock market meandered through a listless session and ended on a mixed tone in light trading Analyst said support came from encouraging news of strong October sales by the nation's big three car companies and major retail chains But the advance was somei what tempered
      1,165 words
    • Article
      Indices
      68 7 FINANCIAL TIMES INDUSTRIALS Thursday 479.8 Wednesday 480 0 Week Ago 5H.e DOW JONES AVERAGE INDUSTRIALS 802.67 Wednesday 800 86 Week Ago 818.61 LONDON DOLLAR PREMIUM Thursday 101 to 102 Wednesday 97* to 97% H.K. HANG SENG Thursday 436 84 Wednesday 432 23 Week Ago 414.64 SYDNEY INDUSTRIALS Thursday 386
      68 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      212 7 about KLM's ss is absolutely first class and more. Its special stands for a lot of privileges. allowance is 50% higher. Your luggage the plane for a fast getaway. You are entitled to heck-in facilities at airports. And exclusive lounges to relax in. too good to be called just First
      212 words
Page thumbnail Page 8
  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      366 8 OPENING quotations were marked up 1.50 cents in the Singapore rubber market yesterday, following higher overseas advices and sterling weakness. However, some early profit-taking and lack of trading interest caused prices to fall back to 207.25 cents for November. The market later improved as speculative
      366 words
    • Article
      Closing prices
      31 8 Rubber: Nov 4 Singapore: November 208.25 ceiita (up two cental Malayaia: November 208.25 cent a (up 1.75 oenta) Tin: 11,880 (up 927) Official offering: 175 tonne* (up 28 tonnea)
      31 words
    • Article
      R.A.S. PRICES
      342 8 R A S. prices in cents per kilo yesterday Noon (per kilo) Close (perkllo) Buyers Sellers Buyers Sellers Int. I R.S.S promptf.o.b. Int 1 R.S.S Nov Int 1 R.S.S. Dec Int. 2 R.S.S. UK/Cont Int. 3 R.S.S UK/Cont Int. 4 R.S.S. UK/Cont Int. 5 R.S.S UK/Cont. 208 50
      342 words
    • Article
      SSR AND SMR
      106 8 NOON SSR and SMR prices yesterday: R.A.9. November (Curreat Mth) 0 (Fat ii Buyer* Seller* Buy en Seller* (centip «r kg) (cm ■U»arkc> SSR 20 (1-ton pallet) 201 50 203.50N 202.50 204 50 N SSR 50 (1-ton pallet) 199 00 201. OON 200.00 202 00N M.R.E.L.B. SMR5CV
      106 words
    • Article
      Hongkong comex
      122 8 HONGKONG, Frl. Cotton futures closed generally firmer In line with the overnight trend In New York, dealers said. Prices were mainly firm at the opening on trade house support, but eased towards the close on speculative selling at the higher levels, they said. December was quoted at U548.50
      122 words
    • Article
      SPOT PRICES
      197 8 YARN and cotton In Hongkong dollars, spot ex-godown: Cotton Yarn: China Blue Phoenix 20 s 1,870. 32's 2,015, 40's 2,100, (per bale of 400 lbs). Piece Goods: China Butterfly and Qlobe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq, Flying Geese unq, (per piece
      197 words
    • Article
      Produce exchange
      457 8 ACTIVITY on the Singapore produce market remained at a low level amid marginal price fluctuations yesterday. Overseas buyers refrained from concluding any contracts with local dealers. A reason cited again for this sorry state of affairs was the difference in price ideas between local and foreign traders. Nominal
      457 words
    • Article
      Cocoa
      194 8 LONDON, Frl. Terminal 'ailed to sustain an initial gain against New York of £19 per tonne basis near Dec at C 2.545 and closed the first call £11 down from Thursday night to £7.50 up. Open trading saw further all round declines led principally by liquidation of nearby Dec
      194 words
    • Article
      Rice
      190 8 BANGKOK, Frl. indicative prices for rice quoted today: (U8 dollars per tonne fob basts Bangkok): Www Rico: 100 pet Ist class 311. 100 pet 2nd class 297,100 pet 3rd class 291. 5 2* l 10 pet 282, 15 pet 259, 20 pet 258, 25 pet 249, 35 pet unq
      190 words
    • Article
      Palm oil
      67 8 C.I.F. Rotterdam. US dollars per ton. LONDON: Thursday Prwvtou* Malaysia 5% ffa bulk December Sumatra 5% ffa Nov Dec Jan Feb March Nigerian 5% ffa bulk Sumatra Nov Zaire (Belg francs per kilo) unq 450 sir 440 sir 435 sir unch unch unq 455 sir unq 425 sir
      67 words
    • Article
      Coffee
      132 8 LONDON, Frl. Coffee 1 opened €18 to €5 per tonne higher In moderate turnover of 222 lots. The official tone was "barely steady." Coffee finished a quiet morning £18 lower to £3 higher. The official tone was "steady." Volume totalled 944 lots, Including 16 options. Futures moved unevenly. Traders
      132 words
    • Article
      Straits tin
      221 8 THE Straits tin price In Penang yesterday rose MS27 to $1,880 on an official offering up 28 tonnes to 175 tonnes. The rise was due to continued London strength on Thursday, with small buying Interest from all sources, particularly Japan •and the US. The small volume of tin
      221 words
    • Article
      Sugar
      230 8 LONDON, Fri. Weaker sterling supported sugar futures at the opening call and values finished up from Thursday night by £0.35 to €1.40 per tonne. But first call dealings, including overnight kerbs, were extremely thin at only 368 lots. Trade sources said the market gained additional support from weekend short-covering
      230 words
    • Article
      Soybeans
      93 8 CHICAGO, Frl. Soybean futures were unable to recover from an initial retreat yesterday and finished the session at the day's lows, posting losses of USl5*« to 19 cents a bushel. Prices weakened on long profit-taking, but encountered some speculative buying Interest at lower levels. But potential rallies were blunted
      93 words
    • Article
      Wheat
      69 8 CHICAGO, Frl. Wheat futures yesterday finished the session USH4 to three cents a bushel lower, but up from the lows of the day's narrow trading range. Profit-taking on Wednesday's gains pressed prices lower, with commercial selling adding to the early pressure. However, professional and commercial buying later In a
      69 words
    • Article
      Currencies affect rubber trading
      431 8 THE complexities surrounding sterling and the US dollar dominated and characterised the market scenes. Singapore finished the week with E rices down one cent per Uo, whilst Malaysia lost 2V» cents per kilo, due to the appreciation of the Malaysian rlnggit against the Singapore dollar. Towards
      431 words
    • Article
      Copper
      317 8 LONDON, Frl. Copper wlrebars finished the morning with all round losses of £1 per tonne. Values steadied on the pre-market under covering against small pockets of physical demand. Higher levels attracted hedge selling in the ring reflecting expectations of a further addition this week to the record stocks already
      317 words
    • Article
      Silver
      196 8 LONDON, Fri. Silver rose by 0.5 pence per troy ounce all round. The market was steady throughout the morning but failed to attract significant fresh buying interest despite the firm New York close, higher gold this morning and the Initial easier tone in sterling, dealers aid. Three Months traded
      196 words
    • Article
      Gold
      403 8 FOLLOWING the strong closing In New York, the kllobar in Singapore yesterday opened higher at 5512,823. However, the market later drifted off to a low of 5512.786 before recovering to close at 5512.805. In the London market, the metal .opened at U*****.85/ 165.15 and closed at U*****.90/ 165.10. The
      403 words
    • Article
      Zinc
      43 8 LONDON, Frl. Zinc ended the morning ring unchanged all round. Dealers said this market remained quiet with fresh Interest small due to currency uncertainties. Three Months traded between £285.50 and €284.50 per tonne throughout the morning and ring sales totalled 550 tonnes.
      43 words
    • Article
      Lead
      57 8 LONDON, Frl. Lead was £0.50 per tonne up for cash and unchanged for Three Months at the end of morning ring dealings. Values moved irregularly throughout the morning under the influence of fluctuations of sterling in currency markets. On Thursday, lead closed i" 1.75 per tonne higher for cash
      57 words
    • MONEY AND EXCHANGES
      • Article
        Singapore
        506 8 THE US dollar came under speculative pressures again yesterday on the local foreign exchange market. Against the yen the dollar opened at 248.80/90 but was traded down to 246.70/80 during the morning session, a drop of two yens. When the US unit dropped further to 246.50/60. Intervention from the
        506 words
      • Article
        Minimum lending rates
        40 8 ACBC 7 Algemrnr Bank 7 Bangkok Bank HSBC 7 I Bank of China Malayan Banking 7 Bank of Tokyo 7 Bank Nifara OCBC ft OUB 7 UCB 7 (ha** Manhattan 7 L'MBC 7 DBS 7 lob 7
        40 words
      • Article
        Asian $ rates
        183 8 Asian rates ASIAN currency deposit rates as at close on Nov 4 Interbank 7 days 1 roth 2 mths 3 mths mths 9 roths 12 mths US Dollar* (Spat) Offer BM 17/1 6 3/4 7 3/8 7 1/4 7 3/8 7 1/4 7 7/16 7 5/18 7 5/8 7 1/2
        183 words
      • Article
        Discount
        51 8 RANOE of prices offered by discount houses on Nov 4 Overnight l'.H to 3v.* Call deposit 3S to 3*% CtnfaH Buvtaf Selling 3-Month Treasury bills 3 3/18 l/u 3-Month Bank bills 4 11/1» 4 VI4 3-Month CD S 1/8 s 6-Month CD 5 13/161 11/1* Source: National Discount Co.
        51 words
      • Article
        Treasury bills tender
        70 8 RESULTS of tender held on Nov 4 for 91-day and 182-day Bills. 91-day bill* to be issued on Not 7 and Nov 11 182-day bills to be issued on Nov 8 Offered: $30,000,000 $20,000,000 Applied for: SS3.670.000 $31,790,000 Allotted: $30,000,000 $20,000,000 Accepted Bids: $90 20 approximately 85*
        70 words
      • Article
        Australia/NZ
        62 8 AUSTRALIA/ NZ exchanges quoted on Nov. 4 AUSTRALIA Sterling 0 8282/ o 8209 US dollar *****/ 1 1230 Ninct;-dt} air mall buying rate*: Sterling 0 8420 U8 dollars 1 ISM Ninety-day forward buying rale*. Sterling 0 8213 U8 dollar* 11 an NEW ZEALAND: Sterling 0 5415/ 0 5456 US
        62 words
      • Article
        London
        264 8 t LONDON, Frl. Sterling e weakened sharply In early i, trading to U551.7975/95 after an Indication of $1.8110/30, but moved io quickly to $1.8020/40, marginally below last night's close here. Trading was thin and nervous; the pound's 0 weakness reflecting the a dollar's strength In New e York last
        264 words
      • Article
        New York
        135 8 NEW YORK, Frl. The dollar closed with gains against most major curren- cles yesterday, after a day of nervous trading and vola- tile movements. Support for the dollar came from remarks by assistant US Treasury Secretary Fred Bergs ten in Washington that mark and yen appreciation has been
        135 words
      • Article
        Tokyo
        125 8 TOKYO, Frl. The dollar for overnight delivery closed at 248.00 yen, after opening at 249.30 compared with 247.50 at Wednesday's close, dealers said. No central bank intervention was detected, they said. Combined spot trading volume was heavy at US$467 million. The US unit advanced initially following its overnight firmness
        125 words
      • Article
        Hongkong
        74 8 HONGKONG banknote rates quoted on Nov 4 US 4.69/ 4.70 UK 8 45/ a 85 Burma 1 00/ 1 50 India 4.70/ 4 90 Indonesia 1.09/ 1.12 Japan 1 89/ 1 90 Korea 0 92/ 0 95 Philippines 0 815/ 0 835 Singapore l 945/ 1 965 Malaysia 1
        74 words
      • Article
        Euro $ rates
        95 8 Euro rates LONDON, Frl. Trading Interest In Eurodollar deposits was Initially small, dealers said. The Federal Reserve Board action cutting the reserve requirement for dollar deposits from 4 to one per cent effective Dec 1, has had no immediate Impact. Eurodepoalt opening quotes on Nov US dollar Weekend 4-H 4-v,
        95 words
      • Article
        Zurich
        52 8 ZURICH exchanges closing quotes on Nov 3. US 2.2143-2153 UK 4 000-0200 Can 2 0041-0056 W Oerm M 56-66 Neth 01.67-75 France 45.80-02 Belg 6.30H-11 Denm 36 21-24 Norw 40 40-51 Swed 46 40-43 Italy 0 2524-2526 Austria 13 #3-85 Port 5 455-47* Spain 2.67-67* Arg 0 43-53 Japan
        52 words
      • Article
        Frankfurt
        40 8 FRANKFURT exchanges opening quotes on Nov 4 US 2 2SO&/75 Can 2 0335/0355 UK 4 066/075 Neth 03.00/10 SwlU 101 42/52 Italy 2 507/577 Prance 40 40/30 Norw 41.01/14 Belg com 6 306/406 Belg fin 6.38/30 Japan 0 0078/85
        40 words
      • Article
        Eurobonds
        315 8 LONDON. Frl. Straight dollar Eurobonds firmed slightly in reaction to recent falls, dealers said. Activity was moderate. Eurobond prices quoted on Nov 4 Straight* Bid OflW Nippon Fud Bank 97* 90* D8M (Holland)8*87 97* 97* BNDE< Brazil 10*04 98S 99* Sweden 7*02 97 98 Sweden 8% 87 97 80
        315 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      315 8 from Penguin U 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
      315 words
Page thumbnail Page 9
  • Article
    Lock icon Pilots decide to cancel strike plans
    836 9 UPI UNITED NATIONS, Frl. The UN General Assembly yesterday unanimously approved an appeal to all nations of the world to unite and end the threat of air hijackings, although some states said the action was weak and ineffective, "a bare minimum of what this
    UPI  -  836 words
  • Article
    Lock icon London freight market
    136 9 AP LONDON, Frl. Busier chartering conditions embraced further grain movements to the Soviet Union yesterday. In the US gulf the "Petingo" lifted 57,000 tons for prompt shipment to the Soviet Black Sea at $10.50 (Fto), while Glenas fixed the "penquer" from the Great Lakes (completing St. Lawrence)
    AP  -  136 words
  • Article
    Lock icon Get tough with hijackers US warns
    346 9 Reuter/NYT MONTREAL, Fri. US Transportation Secretary Brock Adams said today the United States might take action against countries which failed to adopt tough enough measures against hijackers. "We have the power to suspend the operating rights of carriers dealing with a country that is
    Reuter/NYT  -  346 words
  • Article, Illustration
    IN PORT
    462 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Altair (after Michigan) 33/34 Arkady Kamanln (0600 after Royal Fortune) 25/26 Barge AK 3 0700 after Selryu Maru) 29 Berezovka (after Bremen Maru) 6/7 Bunga Setawar (1500 after Bunga Mas) 19 Fides (SMMX) (0700 after Maersk Wind) 13/14 Inverbank (0600 after Hoegh Pilot)
    462 words
  • Article, Illustration
    Lock icon Patience is Tokyo driver's first priority
    949 9 FT TOKYO, Frl. In downI turn Tokyo, the Jams on the overhead expressway are as bad as anything the M 4 can i offer on a Friday night I rush-hour. In the suburbs, there must be more busy railway level crossings than 1 there
    FT  -  949 words
  • Article
    Eastern Shipping Lines
    232 9 EASTERN Shipping Line*, incorporated in the Philippines in 1957, was set up in the hope of supplying Filipino maritime expertise to meet the requirements of Asian trade. The company has acquired and developed a fleet of small but fast-moving cargo vessels which, by its calculations, are best
    232 words
  • Article
    Lock icon Dispute hits UK's telex service
    130 9 Reuter LONDON, Frl. Telex calls from Britain to more than 20 countries were disrupted today because of an Industrial dispute at the London International Exchange. Further severe disruptions are threatened by the weekend. Telex messages to New Zealand, South Africa, Egypt, Italy, Austria, Poland. Yugoslavia,
    Reuter  -  130 words
  • Article
    Lock icon Sudden surge in Skytrain sales
    132 9 UPI LONDON, Frl. Laker Airways yesterday reported "a tremendous upsurge'' in Interest over the past week in Its ultra-cheap no-frills "skytrain" service to New York. "Outbound we've been full every day," a spokesman said. "Yesterday we sold out at 10 am and today it was
    UPI  -  132 words
  • Article
    Portworkers agree
    90 9 NEW YORK. Fri. The International Longshoremen Association has reached separate Guaranteed Annual Income (GAI) s gradients with port employers in Htaptoa Roads and New York, shipping spokesmen told reporters. The Hamptoa Roads settlement includes a guaranteed hours a year, as established in the previous contract, and expands the
    90 words
  • Article
    DAILY AIRCRAFT MOVEMENTS
    669 9 ARRIVALS Service Local Operator Number Time Prom CAL CI333 0040 TPE/HKO/KUL CPA CX003 0145 HKO TMA TL302B 0530 TPE MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0615 KUL MAS MH607 0900 KUL MAS MH621 0850 PEN MAS MH671 0945 PEN/KUL CAL CI814 1000 HLP
    669 words
  • Article
    Lock icon Concorde clears noise tests
    298 9 Reuter WASHINGTON, Frl. Noise from the AngloFrench Concorde airliner generally stayed within the limit set by New York's Kennedy airport on proving flights there last month, according to a Federal report released on Wednesday. The Federal Aviation Administration (FAA) carried out noise tests during six take-offs
    Reuter  -  298 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      151 9 GAMBLERS HANDBOOK [IP pi^ >s f' 1 I 4 W K w Ho/. by E. Lenox Figgis F.C.A. A practical handbook explaining how batting takes place on the world's most popular batting pastimes, including horses, dogs, football pools, sporting events, casino gantas, such as craps, roulotte, etc., swoopstakos, lotteries, elections,
      151 words
Page thumbnail Page 10
  • Article, Illustration
    Lock icon Air of mystery hangs over Canton fair
    849 10 Reuter CANTON, Frl. Twice a year China opens Its doors a little wider and a few thousand people now In Canton are playing a game of mystery and intrigue. Some will leave happy with their efforts, others disappointed. But China always benefits, for
    Reuter  -  849 words
  • Article
    Lock icon One up for China's salesmen
    699 10 NYT HONGKONG. Fri. Despite widespread speculation that China's development-minded new leaders intend to start on a major programme of buying Western technology, the nation's foreign trade this year is running lower than in 1976 and Peking has yet to place any sizeable orders abroad. Instead,
    NYT  -  699 words
  • Article, Illustration
    New commodity tax structure under study
    1220 10 KUALA LUMPUR, Frl. Reactions to Tengku Razalelgh's second budget have generally been favourable. A cross-section of society, Including the industries, feels that the budget Is light on almost everyone. The Finance Minister made several concessions, and it is generally felt that the commodities tin,
    1,220 words
  • Article
    Lock icon Carter's steel policy under fire
    855 10 NYT WASHINGTON, Frl. Although the Carter administration's strategy on steel imports is apparently yielding some results, its primary tactic enforcement of a controversial anti-dumping provision of the 1974 trade act is denounced abroad as shortsighted and unfair. European and Japanese steel interests, with some justice,
    NYT  -  855 words
  • Article
    Lock icon HK's answer to on-the-job training
    626 10 UPI HONGKONG. Frl. Employers have come up with a solution to high pressure production situations where on-the-job training doesn't pay off. To their dismay, manufacturers in Hongkong's largest export Industry, clothing, and contractors In the vital construction field found "insurmountable problems" in maintaining a skilled
    UPI  -  626 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      159 10 the 8 Steps to Health and Peace by Richard L. Hittleman (author of m yoga 28 day EXERCISE PLAN) Richard Hittleman, the most widely-read author in tha world on tha subject of yoga, presents in this book his most complete and in-depth study of the subject to date. Instruction is
      159 words
Page thumbnail Page 11
  • Article
    Lock icon Russia may have bought US grain to cover poor crop
    532 11 AP Reuter COLUMBIA, (Missouri), Frl. The Soviet Union may have covered Its poor 1977 grain harvest ahead of time by purchasing up to 20 million tonnes of grain two months ago, a former US Department of Agriculture (USDA) official said.
    AP; Reuter  -  532 words
  • Article
    Lock icon Why China won't buy surplus wheat from US
    300 11 Reuter WASHINGTON. Frl. China has rejected repeated US offers to sell surplus American wheat because of Peking's insistence that the United States first sever relations with Taiwan, a senior Agriculture Department official said yesterday. Dr. Kelly Harrison, director of the department's general
    Reuter  -  300 words
  • Article
    Lock icon Record deals at fair
    141 11 UPI HONGKONG, Frl. China said today a record number of export transactions were made In the first 15 days of the Canton trade fair. The New China News Agency (NCNA)sald "anew record was set in export transactions made In the first 15 days" of the monthlong
    UPI  -  141 words
  • Article
    Lock icon China will increase two-way trade says CIA
    270 11 UPI WASHINGTON, Frl. A Central Intelligence Agency report on China's trade with the rest of the world says there will be a moderate increase In exports and imports because of the end of the political struggle with "The Gang of Four." The CIA
    UPI  -  270 words
  • Article
    Thailand, Britain air talks accord
    125 11 AIRLINE negotiations between Britain and Thailand have been concluded. This will give Thai International their previous pattern of operation on regional routes via Hongkong to Japan by A-300 aircraft. initially three times weekly and eventually twice daily. On London routes. Thai will be allowed to
    125 words
  • Article
    Lock icon Successful IMF gold bidders
    129 11 Reuter WASHINGTON, Frl. The IMF said seven bidders were successful at Wednesday's gold auction when It sold 524,800 ounces of gold at an average price of U*****.86 per ounce. Among the buyers were Bank Leu Ltd of Zurich, Compagnle Luxembourgoise de la Dresdner Bank, Dresdner Bank
    Reuter  -  129 words
  • Article
    Lock icon Exporters fear dollar's slide
    425 11 UPI AFP TOKYO, Frl. Japanese exporters will suffer a considerable loss If the US dollar continues to drop to the 240 yen to the dollar level. Reporting this today, the Nlhon Kelzai newspaper said car and electronics manufacturers, who have been doing fairly well despite the
    UPI; AFP  -  425 words
  • Article
    Lock icon Tokyo undergoes self-questioning
    413 11 AFP TOKYO, Frl. Japan is undergoing a period of selfquestioning. Recent events, both political and economic, seem to have shown the Japanese that even though their presence is felt throughout the world, they have apparently been ignoring the rules accepted by the international community. A serious commercial
    AFP  -  413 words
  • Article
    Lock icon September interest rate declined
    129 11 AFP TOKYO, Fri. Average loan interest of Japanese commercial banks dropped further in September amid the faltering economic I recovery, the Bank of Ja- pan said today. The average interest on short and long-term loans < charged on corporate < borrowers by all commercial i banks
    AFP  -  129 words
  • Article, Illustration
    Lock icon Aussie jobless at postwar high
    420 11 Reuter CANBERRA, Frl. Australian unemployment rose to a postwar record of 370,300, equal to 6 per cent of the workforce, In October from 328,200 or 5.3 per cent In September, Employment and Industrial Relations Minister Tony Street said. Unemployment totalled 262,000 or 4.3 per cent
    Reuter  -  420 words
  • Article
    Lock icon Japanese steel firms to cut back output
    268 11 AFP TOKYO. Frl. The Japanese steel industry plans a Joint production cutback to reduce growing stockpiles of unsold products. Industry sources said Japanese steelmakers were growing sceptical over quarterly production guidelines set by the Ministry of International Trade and Industry (Mlti), since they
    AFP  -  268 words
  • Article
    Lock icon US coal miners to resume contract talks
    249 11 AP WASHINGTON, Fri. Officials of the United Mine Workers (UMW) and the US coal Industry agreed yesterday to resume contract negotiations next week in an effort to avert a nationwide strike in December. A bargaining session was scheduled on Tuesday. It would be
    AP  -  249 words
  • Article
    Lock icon World food scheme gets $12m boost
    164 11 AP ROME, Frl. The World Food Programme will Increase emergency aid by USSS million (SSI2 million) this year and the next to an annual total of $45 million to meet the "critical situation In some countries of the Sahel zone of West Africa. and
    AP  -  164 words
  • Article
    Peking plays it cool
    611 11 HONGKONG, Frl. China has reiterated Its view of Hongkong as a legacy from history to be tackled In the fullness of time an apparent indication that Britain's last Par East outpost is no time bomb with a short fuse. The latest assurance from China came from
    611 words
  • Article
    EEC textile deadline
    139 11 BRUSSELS, Frl. The European Economic Community EEC) has given Hongkong until next Thursday to reach a satisfactory textiles agreement. If a reasonable agreement designed to curb Hongkong's textile sales to the EEC fails to emerge bv then, the community will unilaterally cut Hongkong's quota and switch some
    139 words
  • Article
    Lock icon Aerospatiale to make helicopters in Jakarta
    397 11 AFP JAKARTA, Frl". The French Aerospatiale Company today signed an agreement with the Indonesian aircraft company Nurtanio for the eventual production of the SA 330 Puma helicopters In this country. The agreement was signed by General Jacques Mitterrand, president director of Aerospatiale and Dr.
    AFP  -  397 words
  • Article
    Trade with UK up
    126 11 KUALA LUMPUR. Frl. Trade between Malaysia and Britain Increased by 25 per cent during the first eight months of this year, the outgoing British High Commissioner to Malaysia, Sir Eric Norris, said here today. This was due to the Malaysian government's policy of attracting foreign investments
    126 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      333 11 APPOINTMENTS PHILIPS We are offering an opportunity for an innovative and analytical person for the position of ELECTRONIC ENGINEER The successful candidate will be part of a team of designers whose tasks would be to develop and design AM/FM multi-band radio receivers. Applicants should have a diploma/ degree in Electronics/
      333 words
Page thumbnail Page 12
  • Article, Illustration
    Expo will spark technology flow to Asean
    819 12  -  By JOHN LIM AT LEABT 2,000 unite of machines and associated equipment valued at $20 million will be on display at Machine Asia, at the Hyatt from Monday to Nov 11. The organisers of the exhibition, Singapore Exhibition Services Pte Ltd (SES) said
    819 words
  • Article
    Merrill Lynch in HK
    141 12 MERRILL Lynch International Bank opened a representative office in Hongkong yesterday. It is the first commercial banking office opened in Asia by the Merrill Lynch group, the biggest US securities house. Merrill Lynch is already well established in its retail securities operations in Hongkong, Singapore and
    141 words
  • Article
    Lock icon Opec's $25m loan to ADB
    105 12 AP MANILA, Frl. Opec special fund has granted an interest-free loan of U5512.68 million (5525.4 million) to the Asian Development Bank (ADB) to help finance projects In Burma, the Philippines and Sri Lanka. The Opec loan carries a service charge of 0.75 per cent yearly
    AP  -  105 words
  • Article
    One stop shop for electronic equipment
    382 12 ELECTRONIC and electrical equipment centres may soon rival supermarkets in numbers if recent developments are anything to go by. Within a week of reports that Sim Lim Realty is setting up such a centre in its $20 million Sim Lim Tower it was learnt
    382 words
  • Article
    Lock icon Complementation scheme projects
    210 12 Reuter MANILA, Fri. Businessmen from Asean are expected to present various industrial projects covered by Asean's complementation scheme for preferential trading arrangements from next January officials said today. The businessmen, comprising the AseanChambers of Commerce and Industry (Asean-CCI), will also conduct a dialogue behind closed doors with
    Reuter  -  210 words
  • Article
    Lock icon Germany's reserves rise by $2.5b
    405 12 Reuter FRANKFURT. Frl. Germany's net monetary reserves rose 2.5 billion marks (552.5 billion) in October, the Bundesbank said. The figure was contained In the bank's statement on the September balance of payments data. The Bundesbank has already said net monetary reserves rose 2.5 billion marks
    Reuter  -  405 words
  • Article
    Lock icon Jobless rate moves up to 7pc
    273 12 AP WASHINGTON. Fri. America's unemployment rate edged up from 6.9 per cent to 7 per cent in October, showing little change for the seventh consecutive month, the government reported today. Unemployment has fluctuated between 6.9 per cent and 7.1 per cent since April, and
    AP  -  273 words
  • Article
    Lock icon Aussies plug withholding tax loophole
    253 12 UPI CANBERRA, Frl. The government announced today the introduction of a new tax to plug a loophole which some overseas companies had used to avoid paying withholding tax. Assistant Treasurer lan Viner told Parliament foreign companies usually conducted their activities in Australia through a subsidiary,
    UPI  -  253 words
  • Article
    Lock icon Anti-trust probes
    97 12 Reuter ATLANTA, Frl. The US Justice Department is making a special effort to conduct International antitrust investigations without creating so much annoyance abroad, Associate Attorney General Michael Egan said. Investigative interviews abroad will ot now be conducted without prior notification to the foreign government involved, he told the
    Reuter  -  97 words
  • Article
    Lock icon American envoy hopeful
    352 12 AP MANILA, Frl. The new US ambassador to the Philippines arrived here today optimistic that he could help resolve disputes concerning new trade agreements and US military bases. Discussing the controversies, Mr. David Newsom said "I hope that I can resume discussions with President Marcos and other
    AP  -  352 words
  • Article
    Lock icon Move to restrict US govt insurance to big firms
    232 12 UPI WASHINGTON, Frl. The House of Representatives voted yesterday to restrict tne amount of government insurance that large corporations can get for projects in less developed nations. The vote came as Congress debated a bill to extend the Overseas Private {"vestment
    UPI  -  232 words
  • Article
    Lock icon Foreign trade deficit doesn't worry Carter
    760 12 UPI AP WASHINGTON, Frl. The Carter Administration attempted yesterday to reassure Congress that the United States' escalating foreign trade deficit which could reach US$3O bUllon (SS72 billion) In 1977 does not pose a danger to the American economy. The main causes of the trade
    UPI; AP  -  760 words
  • Article
    LONDON STOCKS
    735 12 LONDON, Fri. The stock market lost ground today in light and uncertain trading, dealers said. Long dated government bonds closed slightly above lowest levels to show falls of up to Ik point while shorts were higher where changed. Equities drifted lower throughout the session. At 3 pm the
    735 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      13 12 ENJOY TEPPAN-YAKI at OKOH OF GINZA Japanese Restaurant 816. Hong Leong Bldg. Te1:*****81
      13 words
    • Advertisement
      Page 12 Advertisements Column 2
      377 12 CXH TTFTT South East Asian Production Machinery and Engineering Equipment Show, 7-11 November 1977, Hyatt Convention Centre Singapore Industrial Investment Seminars Presented by the five ASEAN governments Seminar Day 1 7th November Presented by the Investment Co-ordination Board Seminar Day 2 Bth November Indonesia Malaysia Presented by the Federal Industrial
      377 words