The Business Times, 6 January 1978

Microfilm: NL9611
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, JANUARY 6, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon KL's surplus lower
      74 1 Reuter KUALA LUMPUR, Thurs. Peninsular Malaysia's trade surplus for the first 10 months of last year dropped slightly to M 11.22 billion from $1.26 billion In the same period of 1976, the Statistics Department said. Exports for January to October rose to $9.34 billion ($B.lB billion) and
      Reuter  -  74 words
    • Article
      Lock icon More flights
      75 1 AFP PARIS, Thurs. Regular airlines' traffic rose 8 per cent last year against 10 per cent in 1976,5 per cent in 1975 and 4 per cent In 1974. The International Civil Aviation Organisation giving provisional statistics said Its 141 member countries carried 620 million passengers with occupancy factor
      AFP  -  75 words
    • Article
      Lock icon Asean bankers' meet
      44 1 AP BANGKOK, Thurs. Private commercial bankers from all Asean countries are scheduled to hold their third workshop conference here from Jan 25 28. Cooperation In financing regional investment, trade and private banking operations and development in Asean will be discussed. AP.
      AP  -  44 words
    • Article
      Lock icon Higher Indian quota
      92 1 Reuter NEW DELHI, Thurs. India has negotiated increases in its textiles and garment exports to the EEC in contrast with other exporting countries who face cutbacks. Commerce Minister Mohan Dharla said the quota for shirts and blouses for the new year has been fixed at 53 million
      Reuter  -  92 words
    • Article
      Lock icon Ship ordered seized
      93 1 AP KARACHI, Thurs. The Singapore-registered ship MV Yanti was ordered seized by the Baluchistan High Court. The vessel is either berthed or grounded at Gadanl Beach, about 60 km west of Karachi, in the Arabian Sea. It was mortgaged with the Janata Bank of Bangladesh in London.
      AP  -  93 words
    • Article
      Lock icon Coal goal
      59 1 AP TOKYOi Thurs. China hopes to quadruple Its coal production before the year 2000, according to Coal Industry Minister Hsiao Han, the.offlclal Hsinhua News Agency said. Mr. Hsiao, without mentioning any figures, said the country has Increased its output 11 per cent annually since 1949 and is now
      AP  -  59 words
    • Article
      Lock icon Yen view
      75 1 Reuter TOKYO, Thurs. Japanese Finance Minister Tatsuo Murayama said he does not believe the yen will appreciate significantly beyond the 240 yen level to the dollar, now that the US has decided to Intervene actively in the foreign exchange market to stabilise the dollar's value. He also said
      Reuter  -  75 words
    • Article
      Lock icon Dow Jones
      51 1 AP NEW YORK, Thurs. The stock market was sharply higher today, reflecting the outlook for the US dollar which took a turn for the better. The Dow Jones average of 30 industrial stocks rose 5.98 to 819.56 In the first-half hour with gains leading losses five to one.
      AP  -  51 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      119 1 Rises Most active Apollo MUI 9 In Chew 100 156 198 +8 +5 +4 Nanyang Press S Darby Sin Chew 136,000 71,000 67.000 NihimPtm Dunlop Eat C4C C Sugar* Mstal Box Spo BRaya 1 100 277 204 248 ■v 207 151 +4 +3 +3 +3 +3 +3
      119 words
    • Article, Illustration
      In Kuala Lumpur
      153 1 Foils Most active DKiruut 8.05 Barjuntai 7.30 AAmI 4.00 SolDradga 4.82 UmHM 1.78 PBuk 2.31 TreaohMiM* 5.00 CaadC Blatant 2.04 MUM 1.58 -.15 -.10 -.08 -.08 -.05 -.05 -.06 -.04 -.04 Supreme Corp 230,000 Bandar Raya 148,000 Olympta 75,000 C. Sugars 64,000 Total Turnover: 1.65 M Total
      153 words
  • Article
    Central trading move by SES
    365 1  -  ■y COLIN CHEE THE Stock Exchange of Singapore hu called an emergency general meeting of its members tomorrow to decide and approve the establishment of a central trading house In the near future. Following its establishment, It is understood all future trading will be computerised
    365 words
  • Article
    Good demand for latest properties
    878 1  -  GLEAM OF HOPE By JOHN TAN RECENT developments in the property market have given rise to speculation that the residential property market, wallowing in a serious over-supply situation for the last four years, may have bottomed out. Some newer developments are selling well and there
    878 words
  • Article
    SIA will introduce DC-10 to Manila
    526 1  -  ■y TERESA LIM SINOAPORE Airlines will introduce two DC-lOs on the Singapore/Manila route later this year to cater for the expected increase of 30 per cent in passenger traffic. The Introduction of the DC-lOs on the Singapore Manila run It a Lao part of
    526 words
  • Article
    Lock icon Australia offers KL sweetener
    165 1 Reuter AN AUSTRALIAN official team now negotiating with Malaysian trade officials has presented new proposals aimed at breaking the pricing deadlock of Australian sugar that Malaysia has contracted to buy under a long-term agreement. Informed sources said the new terms are more attractive than those given
    Reuter  -  165 words
  • Article
    Lock icon Carter's swap perks up US dollar
    331 1 AP THE VALUE at the 4»Uar aoared in Europe after the Carter Administration an■Maetd move* to halt the fall of the US cur* racy abroad. Sterling Ml more than Ave eeaU whoa the L« mdon foreign exchange market opened. Dealers quotod the pound at
    AP  -  331 words
  • Article
    PSA scraps bonded warehousing scheme
    362 1  -  »y GOH ENG KEE PBA has scrapped Its proposed bonded warehousing scheme because of poor response from financial institutions here. A statement yesterday said the proposed bonded space at Paslr Panjang Warehouse Complex Is now used for normal warehousing to meet the Increased demand. Bonded
    362 words
  • Article
    EDB considering diesel report
    143 1 A LEADING West German diesel engine manufacturer has completed its feasibility study on producing engines in the 500 to 7,000 hp range in Singapore. Marchin-werk AusburgNuremberg officials said the study was commissioned by the Economic Development Board late last year. The report was submitted to the
    143 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      6 1 COPIES ANYTHING FITS ON A TABLE-TOP]
      6 words
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      128 1 ACBC Your key to International Trai W: It our bu %irr is f iffpoi t. vporl ,nd the *1 .rid is >u t m.r t v»u 'il net u A'v I a h.mk w.:r. I hi* mtr-nj lior ii i jj- ih'lii'. t« h.iridit oui hu\|i'' ns lt'.il:n£\ 'in irn!,
      128 words
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      Page 1 Advertisements Column 3
      28 1 iWOf >■ k >■ t iii :ii i MEMOPAD. CRO&BWORD6 2, TV RADIO ft, BRIfl THAILAND fins riM quotes I EBCKAFT BCBKDULB ft. WBATHB, IW, STRAWS Df TUB WIND T
      28 words
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      Page 1 Advertisements Column 4
      159 1 Mernr Christmas and a H3pp* New Year to ail our Customers, friends and 'ssooa'cs ST SINTATRen^ SEE HACK PAGE MS dS£dn«Busincss QUARTER! s The Autumn Issue of the ASEAN Business Quarterly includes a 5-page analysis of ASEAN's urea projects and finds these to be less than viable (12 tables) a
      159 words
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  • TRADE AND INDUSTRY
    • Article
      Lock icon Thailand deficit widens to $780 m
      146 2 Reuter THAILAND'S trade deficit widened to U*****.5 million (Ss7B2 million) last year from $296 million In 1976. Preliminary Board of Trade figures also reveal that exports rose to SI .84 billion from 51.47 billion, while imports Increased to $2.18 billion from $1.77 billion. Thailand
      Reuter  -  146 words
    • Article
      Industry clocks 44m units
      59 2 JAPANESE watch production last year reached 44 million units, up 29.4 per cent over 1976. The Japan Watch Manufacturers Association reported yesterday that the figures were based on output during the first 10 months of 1977 which amounted to 36.21 million. Watch exports In 1977 were
      59 words
    • Article
      Schools help decide would-be investors
      853 2  -  HIGH TEACHING STANDARD By PETER CHIA MANY reasons have been given for Singapore's success in attracting foreign investments. Perhaps the most overlooked is the contribution that school s make in attracting Investors. One of the reasons for Germans setting up shop is the availability of
      853 words
    • Article
      Orders stream in for the Skodas
      267 2 A LOCAL ear agency Is snjoying considerable success in marketing East European ears la Singapore, barely a fow months after it secured sole agency rights from the manufacturers. Mr. Henry Aag of Henry Ang Agencies (the sale sgents of Chechoslovakian Skoda ears) said that
      267 words
    • Article
      Concern over KL insurance changes
      529 2 WIDE discretionary powers will be vested in the Direc-tor-Oeneral of Insurance (DOI) If the proposed amendments to the In* surance Act (1963), are approved by the Dewan Rakyat at its resumed meeting on Monday. This will be the second amendment. The first was in 1975.
      529 words
    • Article
      Lock icon New markets for Indonesian tea
      94 2 Reuter THE state-owned Syrian trading company, Tafco has signed contracts with tea exporters in Sumatra and Java for the purchase of 257,040 kilos of tea to be shipped later this month. Antara News Agency quoted a Tafco representative in Indonesia as saying the company intended
      Reuter  -  94 words
    • Article
      Like gracious hosts, these new guides
      245 2 IT IS important for tourist guides to be gracious hosts and ln-house ambassadors, Mr. Tan I Tong told 52 trainees of the Singapore Tourist Promotion Board's first on-the-job training scheme yesterday at their graduation ceremony. I "The average tourist stays In Singapore for only
      245 words
    • Article
      JAL offers six scholarships on Asian studies
      230 2 SIX scholarships are being offered by Japan Airlines to students of the Institute of Education, Nanyang University, Ngee Ann Technical College, Singapore Polytechnic and the University of Singapore. The scholarship awards will be based on an essay competition and an interview, both to
      230 words
    • Article, Illustration
      Carpets appreciate with the years
      834 2 AN exhibition of Chinese carpets now on at the Victoria Memorltil Hall gives carpet enthusiasts and investor* the opportunity to view a, large collection of carpets from 20 provinces in China, until Jan 16. There are about 300 carpets on display worth a total $500,000
      834 words
    • Article
      Lock icon FIJI GOLD MINE WORKERS MAY BE AXED
      202 2 AP FIJI'S fourth largest employer, the Emperor Oold Mining Co has handed dismissal notices to about 1,000 of Its 1,300 employees at Vatukoula gold mine. The dismissals came only one month after the government agreed to lend the company up to FB2 million
      AP  -  202 words
    • Article
      Lock icon Canadian reserves
      37 2 Reuter OFFICIAL Canadian International reserves at Dec 31 last year were U884.80 billion (8111 billion) up 8417 million from a month earlier, the Finance Department said. The total was 85.84 billion a year ago. Reuter
      Reuter  -  37 words
    • Article
      VISA holders can fly Thai but pay later
      182 2 THAI International has Joined the worldwide "fly now pay later" system practiced by most International airlines. The airline Is now a merchant member of the BankAmerlcard/ Visa programme following Its signing of an agreement with the Southeast Asia BankAmerlcard Centre. BankAmerlcard/ Visa
      182 words
    • Article
      MEMO PAD
      163 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Jan 4-23 7, 14 21 9-30 9-16 9/12/2 9-30 Managing Conflict in Industrial Relations The Effective Secretary Industrial Application of Operational Amplifiers Managers and Information Systems S.D. Module HI Elements of Industrial Engineering Energy Management Module 1 Thong TeckBldg. Thong TeckBldg.
      163 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      35 2 MOLLER'S (INSURANCE BROKERS) PTE. LTD. INCORPORATED IN THE REPUBLIC OF SINGAPORE WE WISH ALL CLIENTS, BUSINESS ASSOCIATES AND FRIENDS A PROSPEROUS NEW YEAR. Annppw 16th FLOOR ROOMS 1604-7 ROBINA HOUSE 1 SHENTON WAY, SINGAPORE 1.
      35 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      458 2 THE TWO-IN-ONE CROSSWORD ton! (4) Oeu something undesirable from the paper 12 Al'a bird? (5) 13 Stared at the letter copied (5) 14 Famous outcome of a General Election (5) 15 do for something filling (9) 16 Machine parts mostly 15 Oo for something filling (9) 16 Machine parts mostly
      458 words
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  • OVERSEAS
    • Article
      Lock icon City optimistic on future of commodities
      628 3 AFP ALTHOUGH there appears 1 to be quiet confidence in the 1 City of London that consumer Interest In industrial commodities will Improve this year, currency factors will continue to play a 1 crucial role in determining I price levels. Supplies of most basic
      AFP  -  628 words
    • Article
      Lock icon Proposed NY tax cuts spark a storm
      234 3 NYT GOVERNOR Hugh Carey called for a US$75O million (551,732.5 million) slash In taxes for individuals and businesses In New York state when he opened the 201 st session of the legislature on Wednesday. This is in contrast to previous calls for austerity
      NYT  -  234 words
    • Article, Illustration
      Lock icon CHEAPER UK COFFEE THIS INSTANT
      307 3 AP THE price Britons pay for a cup of Instant coffee tumbled on Wednesday as major supermarket stores slashed prices. A 114 grams (four ounce) Jar of leading brands costs >0 pence (551.35) less because of a price squeeze hitting the big coffee makers. Caught
      AP  -  307 words
    • WORLD IN BRIEF
      • Article
        A SPARKLING YEAR, THAT
        570 3 ISRAEL'S diamond Industry, the country's leading exporter, passed the bllllon-dollar mark (I.e. 552.32 billion) In 1977. Sales of polished diamonds were USS2.S million (Sss.B million) over the bllllon-dollar level, an increase of 41 per cent over 1976 where exports were *712 million. THE US Treasury Deportment
        570 words
    • Article
      Lock icon First-half EEC outlook not encouraging
      300 3 Reuter THE leisißlj situaboa la the DC la the first half of 1971 will prebably he ■arhed by nitiiirhr lew growth fa deaaad aad production aid Hers ■atjMUymßt, despite introduced la eevsral m» The DC CmsMm said the short-term eutleek ■hows denrty the weakness of
      Reuter  -  300 words
    • Article
      Lock icon Little room to manoeuvre
      249 3 AP PORTUGAL continues to face high unemployment, unacceptable Inflation rates and a very large foreign trade deficit. The Organisation for Economic Cooperation and Development (OECD), said the situation does not warrant "exaggerated pessimism" but warned that the margin for action by Portuguese authorities Is very narrow.
      AP  -  249 words
    • Article
      Lock icon UK aims for below 10pc wage policy
      299 3 Reuter BRITISH Treasury Minister Joel Barnett said the next Incomes policy should set a pay rise limit well below 10 per cent. Mr. Barnett told a Labour Party meetlnc In Manchester that a statutory incomes policy is out or the question. But the
      Reuter  -  299 words
    • Article
      Lock icon Soviet crude to cost more
      266 3 Reuter HUNGARY expects to pay 20 per cent more this year for Soviet oil. Official sources, quoting Russian and Western statistics, said yesterday Soviet crude was likely to rise from last year's price of 50 transferable roubles (*****) a tonne to around 60 roubles. The
      Reuter  -  266 words
    • Article
      Lock icon BELGIUM RATE CUTS
      140 3 Reuter BELGIUM has cut Its bank rate to 8.5 per cent from 9 per cent, effective yesterThe National Bank said the rate for normal advances. the Lombard rate, Is similarly reduced to 8.5 per cent from 9 per cent with effect from yesterday. The rate for special
      Reuter  -  140 words
    • Article
      Lock icon Trigger price plan is detailed further
      762 3 Washington Star THE Carter Administration has unveiled part of 1U trigger price plan designed to protect the US steel industry, but whether It will have the effect domestic steelmakers want remains to be seen. The trigger prices, or mtnimnm import prices, are the teeth
      Washington Star  -  762 words
    • Article
      Lock icon Fear of blackouts in US heightens
      425 3 AP Reuter LAST year's electricity demand in the U8 was a record. The rate of growth in most states returned to pre-Arab oil embargo levels, raising renewed warnings that the nation faces a "hair-curling" power crisis within eight years. The Edison Electric Institute (EEI),
      AP; Reuter  -  425 words
    • Article
      Lock icon Not a good year for rubber
      158 3 Reuter GOODYEAR Tire and Rubber estimated yesterday U8 rubber demand would decline by one per cent this year, and that works demand would rise only 3 per cent. Goodyear estimated US synthetic rubber requirements at 2.40 million tonnes and natural rubber needs at 835,000
      Reuter  -  158 words
    • Article
      Lock icon FACTORY ORDERS DIP
      114 3 Reuter NEW factory orders In the US fell to a seasonally adJusted US$ll6.l (*****.2) billion in November from SI 16.54 billion in October. In September new orders totalled $112.44 billion, the Commerce Department said. Durable goods orders fell to 861.79 billion from 862.5 billion, while non-durable orders
      Reuter  -  114 words
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      3 3 SEE PAGE 4
      3 words
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      Page 3 Advertisements Column 2
      62 3 The English Dictionary makes an ideal spokesman for Marelli shoes luxurious lag/hurea<> ad; 1 very comfortable 2 choice and iostJv 3 self-indulgent-•v- clothes footwear etc. elegant eligant adj showing having good taste: done with care *kill and taste. classic kl.vsik ad) 1 ot highest quality; having a value recogni/ed and
      62 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      412 4 ALTHOUGH London was slightly steadier, opening quotations on the Singapore rubber market yesterday were marked down one cent due to market interpretation of the latest currency movements. The market later recovered on some speculative buying and covering of January One RSS. Forwards up to July/
      412 words
    • Article
      Closing prices
      29 4 Rubber: Jan 5 Singapore: January 196.75 cent* (up 0.50 cent) Malaysia: 199.00 cents (down 0.25 cent) Tins: $1,691 (down $24) Official offering: 235 tonnes (up 9 tonnes)
      29 words
    • Article
      RAS PRICES
      336 4 Prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 RS.S prompt f o b 195.50 196.50N 196.00 197.OON Int. 1 R.S.S. January 196 00 196 50 196.75 197.25 Int. 1 R S.S February 190.50 196.75 197.25 197.50 Int 2
      336 words
    • Article
      SSR AND SMR
      98 4 NOON SSR and SMR prices yesterday: January February HAS (Current Mth) (Forward MU>) (a >*U parks) u (e mUperkg) SSR20 (1-ton pallet) 190.00 192.00N 191.00 193.00N SSR SO (1-ton pallet) 188.00 190.00N 189.00 191 00N M.R.E.L.B. SMR5CV (1-ton pallet) 207.00 209 00N 206 00 210.00N SMR 5L
      98 words
    • Article
      Produce exchange
      389 4 PRICES ruled steady to firm in light trading at the Singapore produce market yesterday. All grades of coffee staged the biggest advanced in the wake of renewed buying from the Western countries. According to the Singapore Chinese Produce Exchange, $20 per plcul rises were notched in every grade
      389 words
    • Article
      Sugar
      275 4 FUTURES opened £2 to £0.65 per tonne yesterday In London above Wednesday afternoon closing levels. Turnover totalled 925 lots. The' London dally raws price was unchanged at £107 while the white*,price was up £3 at £114 per tonne reflecting the tone of the white sugar market. At end-morning values
      275 words
    • Article
      Rice
      209 4 BANGKOK rice prices #ere auoted as follows yesteray: x (Prices In US dollars tonne rob basis Bangkok): Whit* Bice: 100 pet Ist class 365. 100 pet 2nd class 350 100 pet 3rd class 345 5 pet 336. 10 pet 320. 15 pet 317. 20 pet 314. 25 pet 312.
      209 words
    • Article
      Palm oil
      67 4 C.I.F. US dollars per loo. LONDON: Malaysia 5H (fa bulk Feb Sumatra 5H (fa Jan Feb March April May Nigeria 5* (fa bulk ROTTERDAM Sumatra Jan Zaire (Belj francs per kite) 50Ss""' ,y 525slr $17.50 pd 502 50 pd 4S5 pd 497 50 pd unq 527.50 Sir unq
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    • Article
      Coffee
      305 4 COFFEE futures yesterday in London ended the opening session £15 to £42 per tonne up from Wednesday's close. Turnover was 340 lots and the official tone "steady". Near Months eased slightly from earlier traded highs to show net gains by end session of £15 to £18. Gains here were
      305 words
    • Article
      Straits tin
      244 4 THE STRAITS tin price In Penang yesterday fell M 924 to 51.691 per ptcul on an official offering up slightly by 9 tonnes to 235 tonnes. Values turned weaker, greatly Influenced by the erratic movements of sterling against the US dollar, dealers said. Some US and Japanese demand
      244 words
    • Article
      Cocoa
      249 4 TERMINAL cocoa In London yesterday traded £18 up Initially basis near March at £1,780 mainly on weaker sterling but also taking into account overnight easiness in New York. Sterling alone could have seen the market as much as £40 up. dealers said. Values soon eased, however. under the continued
      249 words
    • Article
      Hongkong comex
      343 4 TRADING in sugar futures continued dull and featureless yesterday. Traders were reluctant to enter the market on lack of any fundamental news and uncertainty over future price trends. Losses ranged from 0.11 to 0.18 US cents, while July and September were untraded. Turnover was 13 lots against 12
      343 words
    • Article
      Soybean
      191 4 SOYBEAN futures closed on Wednesday in Chicago around the day's highs, registering gains of 2-3/4 to seven cents a bushel. Speculative buying interest was generated early on last week's larger than expected export clearances, active demand In Europe and the weakness of the dollar. Commercial buying and, later, professional
      191 words
    • Article
      Wheat
      104 4 WHEAT Futures on Wednesday traded narrowly to either side of Tuesday's close before pushing upward to close at the day's highs and post gains of 21/2 to 3-9/4 cents a bushel in Chicago. The market showed early weakness as lack at export market activity prompted speculative ssffing antflsd to
      104 words
    • Article
      Copper
      315 4 COPPER wlrebars In London yesterday finished the morning showing gains of £4.50 for cash ana £5 for Three Months. Bome short-covering developed in the ring together with US buying which took Three Months back to £685 on the kerb. Sales of 5,100 tonnes were mainly carries. Cathodes gained £5.50
      315 words
    • Article
      Silver
      211 4 SILVER registered gain* of 2.3 to 2.5 pence per troy ounce In London yesterday. Prices were marked up at the outset reflecting the easier trend in sterling against the US dollar, dealers said. But currency nervousness and the fall In gold subsequently restrained the market and rices fluctuated narrowly
      211 words
    • Article
      Gold
      396 4 TRADING conditions on the Singapore gold market yesterday were chaotic as panic selling and shortcovering tossed the kllobar price over a wide range. The kllobar opened at 5512,600 and firmed on short-covering to 8112,675. However, fresh selling and cut-loss liquidation drove prices down to close at 3(12,540. The loco
      396 words
    • Article
      Zinc
      55 4 ZINC rained £3.00 for cash and £2.75 for Three Months In London yesterday. Sales of 1,950 tonnes were mainly carries. On Wednesday, lead closed £6.50 up for cash and £5.25 higher for Three Months. Dealers said this market maintained a very steady trend throughout the day despite errauc movements
      55 words
    • Article
      Lead
      51 4 LEAD closed the ring with gains of £3.25 for cash and C 4 for Three Months in London yesterday. Sales of 5,150 tonnes were mainly carries. On Wednesday, zinc closed L 3.25 higher for cash and Three Months. Some light fresh buying of Three Months was also evident, dealers
      51 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        597 4 TRADING on Singapore's foreign exchange market slowed down yesterday following Wednesday's announcement that the US monetary authorities would Intervene actively to support the US dollar. The dollar recovered against the German mark. Swiss franc and Japanese yen and caused yesterday's market to quote wide spreads, reflecting the degree
        597 words
      • Article
        Asian $ rates
        153 4 Asian rates ASIAN currency depoatt interbank rate* u at clow on Jan 5 USDalia «(■»•»> 7 dayi Offcr 6 14/16 BM 1V1« 1 mill 7/1 imttu 7 1/U e 1&/18 3 mth» 7 VI# 7 1/16 (DtlU .7 1/1# 7 7/16 9 mthi 7 5/8 7 1/1 12 mthi .7
        153 words
      • Article
        Australia/NZ
        56 4 AUSTRALIA/NZ exchange on Jan 4: AUSTRALIA US dollar 1 1407/ 1 1X0 Sterling 0111/0 0023 f Ninety-day air mall buying rates Sterling 0.0307/1 1002 Ninety-day forward buying ralee Sterling 0.0073 us dodar 1 1333 NKW ZEALAND Starting 0 WV0 .9312 US dollar 1 0078 0 W( Ntnety-4ay airmail tniying
        56 words
      • Article
        Discount
        41 4 RANOE of prtcca offei count hou«n on Jan S: red by duOwnlftit Can deposit JM« Owhl B«yt* 1-Month Treaauiy Mlb S1/4 I-Month Bank bin* 4 7/1 S-Month CD 51/1 •-Month SI/1 Sl/t •w 5 J/4 Source: National Discount Co. Ltd.
        41 words
      • Article
        Zurich
        58 4 ZURICH exchanges closing quotes on Jan 4: US 1 0300-0300 Stg 3 0047-014ft Can 1.7002-7040 D Mk tt.00-03 2t v DF1M 33-86 M p rr 41.97-79 B Ft s orro-o oooo D Kr 33 70-01 14 Kr 30.21-32 8 Kr 4170-00 Ut 0 2233-2230 Ana acta 12.04-13.01 Port *****-000
        58 words
      • Article
        London
        277 4 THE DOLLAR rebounded from overnight levels In hectic early trading yesterday reflecting Its recovery In New York on news that the US has pledged more active support for the dollar. Early conditions .were described as chaotic but according to some dealers trading volume was not as high as might
        277 words
      • Article
        New York
        211 4 THE DOLLAR closed sharply higher on Wednesday against major currencies following the announcement that the US had negotiated a swap line with the West German Bundesbank to intervene in foreign exchange markets to aid the dollar. In a joint announcement with the Federal Reserve, the Treasury said It
        211 words
      • Article
        Tokyo
        102 4 THE US dollar for overnight delivery yesterday closed at 241.20 yen, compared with a 242.50 opening and 237.00 at Wednesday's close The dollar rose steeply at the opening following its strength in New York after the US Treasury said It would intervene to support the dollar, dealers said. The
        102 words
      • Article
        Hongkong
        129 4 THE US dollar yesterday ended slightly firmer in terms of the mark but below New York's yen close In tense conditions after the steep upward correction overnight. It rose to 2.1450 marks fcom around 2.1300 In the US and dropped to 241.20 yen In line with Tokyo from above
        129 words
      • Article
        Euro $ rates
        97 4 Euro rates EURODOLLAR deposit rates In London yesterday opened with an easier tendency despite the upward adjustment in near periods due to the loss of the Friday dealings technicality. Eurodollar npinlm quotes on Jan ft: Ownlshl M-l/I. If-1/4 W Mfc< nd 1-7/1# Mon/1 run 1-7/i. »-V4 Call tt >0 day*
        97 words
      • Article
        Frankfurt
        48 4 FRANKFURT exchanges opening quotes on Jan 5: U8 2. IMS/1000 (tfflM) Cut 1.MM/MM Sta 4 005/005 D PI 02 90/03 40 S FT 100 10/70 Ut 2.440/45S P Ft 45 11/40 N Kl 41WM B rr (eon) 0 47V500 B Fr f fin) 40/42 Y«n 0 2000/0015
        48 words
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      Page 4 Advertisements Column 1
      61 4 Where the Action is... Situated in Orchard Road-the centre of tourist, shopping and hotel hub in Singapore <*<*..IV Obero* Imperial Hotel Cockpit Hotel nana HI L i i~i I ft I w 'KJW Knowfux lu'in < (j .rM I Situa!.'.: in th- t C K T.j F rr.'hwl l,ir j
      61 words
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  • TRANSPORT
    • Article
      Lock icon Two factors govern Concorde's profit
      361 5 AP Reuter A BRITISH Airways official said in Washington on Wednesday the airline's Concorde supersonic transports will not make a profit until their present usage doubles. Mr. Roy Watts, the carrier's director of finance and planning, said the planes would need about 2,700 hours of
      AP; Reuter  -  361 words
    • Article
      Lock icon KL to study BA request
      169 5 Reuter MALAYSIAN Communications Minister Tan Sri Manickavasagam said Malaysia could not grant overflight rights to the supersonic Concorde until the government had studied the environmental implications. "We have to study and consider the environmental problems that may affect the livelihood of our fishermen along the
      Reuter  -  169 words
    • Article
      Lock icon HK rejects Thai airline plan
      163 5 AFP THE Hongkong government has refused landing permission for Thai International aircraft flying over Ho Chi Mlnh City. The Thai airline planned to start operating the fuelsaving route from next Monday and It would have cut Bangkok Hongkong flying time by 30 minutes. A Hongkong
      AFP  -  163 words
    • Article
      Lock icon Sweden stands alone in slicing back capacity
      613 5 MOVES MAY PROLONG SLUMP I Economist SWEDEN is the only major Europe*#! shipbuilding country working towards a planned cutback in pro* ductlon capacity. Should It b« given a pat on the back or a kick In the pants for this response to the
      Economist  -  613 words
    • Article
      Navire secures hatch cover order
      182 5 NAVIRE Cargo Southeast Asia has secured an order for the supply of hatch covers to be manufactured at the Singapore Slipway'* Tan Jung Rnu shipyard. The company, a whollyowned subsidiary of Navire Cargo Gear InternationalSweden, will deliver the hatch covers to Jurong Shipyard which is
      182 words
    • Article, Illustration
      End of long haul for giant dry dock Whampoa
      82 5 THE new 220-metre floating dry dock of Hongkong United Dockyards arrived at its Taikooyard recently after a 15-day journey from Japan. The dock, Whampoa, will be able to handle vessels up to 70,000 dwt. After it has been fitted out with
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    • Article, Illustration
      IN PORTS
      370 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Oolden Eastern (0600 after Tutong) 22 Oolden Hill (0600) 23 Harvest (OJKH) (0600 after Sangerhausen) 10/11 Hoegh Pride (after Tagaytay) 1/2 La Rloja (LRQQ) (2100) 46 Lantao Island (1500 after Trinidad) 31/32 Makeverett (2359) 40/41 Neptune Jasper (2300) 18 Ocean Supply (B. Barge)
      370 words
    • Article
      Lock icon Time charter operations rule the day
      196 5 AP POST-holiday chartering continued to recover slowly on Wednesday, but timecharter operations remained the vogueaccounting for at least half of the reported fixing. The Chinese, regular operators in the time-charter field over the past year, continued to feature, taking a 22,300-tonner at U852.050 (556,815)
      AP  -  196 words
    • Article
      Lock icon SIZING UP SAFETY IN TANKERS
      147 5 AFP THE world's biggest oiltankers are the safest, claims Mr. j.n. Archer, Undersecretary of the Marine Division at the British Department of Trade. There is no evidence that the casualty rate Increases with the site of ship, he adds. In a paper on marine safety
      AFP  -  147 words
    • Article
      Liverpool's grain handling record
      89 5 LIVERPOOL'S Royal Sea forth grain terminal has unloaded 85,500 tonne* of grain, the biggest ever single shipment to arrive in the UK aboard the carrier "FJordaas". It topped the previous highest, also handled at Liverpool two years ago, by more than 4.000 tonnes. The Fjordaas, which
      89 words
    • Article
      Officials keep watch on port's alleged go-slow
      203 5 THE Malaystaa governSusans br the situation la the port where an alleged go-slow by stevedores is ea. The Penaag Port Labour Board manager. Eaelk Mahmud bin Idrls, said work on the wharves Haul to be rather slow although the secretarygeneral of the 1.700-etrong
      203 words
    • Article
      PSA SOIL PROBE
      89 5 THE Port of Singapore Authority will conduct a aeries of soli investigations in the East Coast reclamation (scheme VI and VII) from Sunday. The investigation to be carried out in the day will last till Jan 28. The boring trestle used will display a red flag during
      89 words
    • Article
      Two lines to merge
      27 5 THE Pakistan Shipping Corp: and the National Shipping Corp. will merge. These two state-owned companies which comprise 40 ships will expand their fl66t.
      27 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      639 5 ARRIVALS MTV to* Local Operator Number Tim From KAL XE807 0010 8CL PAA PAOOS 0220 8PO/HKO CAL CT331 0040 TPE/HKO/KUL MAS MH682 0810 KCH OIA OAOOO 1030 HLP BA BA844 1030 LHR/MCT 8IA SQ209 104ft HLP OIA OA944 105ft PKU OIA OA0O8 1100 MES PAL PRftOl 1125
      639 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      328 5 SIBGH SINt.AI'OHI AIHPONI V> I I Hi»».t,. Ll ("IT Y 1 .M'.'.KV. V"-— from Penguin I IN PENGUINS IJ K 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
      328 words
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  • Article
    Why such a hushhush operation?
    409 6 THE Stock Exchange has been remarkably successful In keeping secret the subject matter of the extraordinary meeting proposed for tomorrow. What they have In mind are a series of exemplary moves that will, inter alia, further Improve the value of the already excellent statistical services
    409 words
  • Article
    Need to rationalise
    346 6 LOW-FARE developments in the air travel Industry tend to be received with glee by travellers and there are progressively more of them as people fly further and more often. Until recently the voice raised loudest against farecutting was that of Knut Hammarskjold, director general of International Air
    346 words
  • Article, Illustration
    Indian Chamber a happy cohesive group
    1389 6  -  CHAMBERS of commerce are important to any trading nation in Singapore, there if not one chamber of commerce, but four, reflecting the Republic's multi-racial origins. In February, however, these four chambers will establish one joint formal body, a Federation of Chambers of Commerce, with
    1,389 words
  • Article
    IMMATURITY BEHIND BOOM
    1144 6  -  "y CHAN BONG SOO ALL IS relatively quiet now at the Securities Exchange of Thailand (SET) but the recent boom there was reminiscent of the frenetic 1972-73 paper chase on the Singapore, Malaysian and Hongkong stock markets. It was In short, the folly of youth the SET
    1,144 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      710 6 mm&Pi ffell {I >*• *5?: ■J 585 Orchard Road, B'pore t. Tel: *****2 408/407 B'pore 3. Tel: *****1 Pebble Bar Experience the unique expression of T&nla Great Sound Big Show You'll love.the jlynamlc and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally
      710 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      62 6 EWEATHER WEATHER outlook for Singapore from 6 a.m. to noon today: No rain. Report for 24 hours prior to 7.30 pm on Jan 5 at the airport. Maximum Temperature 30.6° C Associated Humidity 61 Minimum Temperature 23.1° C Associated Humidity 95 Hours of Sunshine 5.25 Rainfall in Millimetres Trace Total
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      232 6 TV RADIO SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee First Love, A Hokkien film (Repeat) 4.30 Intermission 6.05 Opening announcements followed by Exercise With Gloria 6.30 News in Brief 6.35 Hazel Such A Nice Little Man (Repeat) 7.05 Serbanika (Malay) 7.55 Singapore in 1977 (Malay-Re-peat) 4 8.40
      232 words
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  • Article, Illustration
    Kuala Langat project raises Malaysia's tin hopes
    1614 7  -  THE massive Kuala Langat tin-mine project was shelved a year ago when the participation was planned as 36 per cent for Charter Consolidated, 9 per cent for its associate, Tronoh Mines, and 55 per cent for the State of Seiangor, in which the
    1,614 words
  • Article
    STRAWS IN THE WIND
    598 7 AN AMERICAN oilman Just beginning to learn Malay was rather proud of himself when, explaining his metier to his newly-hired Malay driver, he said he was "Orang mlnyak", which indeed, literally translated. means "Oil-man." He was quite at a loss to interpret the mixed expression of
    598 words
  • Article
    Economists can't be blamed for getting confused
    1350 7  -  FORUM ...on economics k u By JOHN DRYSDALE John Drysdale is a director of Asia Research Pte Ltd. WHAT IS the layman to make of It all whfen the professionals cannot agree among themselves? On the last day of 1977, the distinguished American
    1,350 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      421 7 ifl S8 i J 3 V HOTEL MERLIN SINGAPORE 7500 Beach Road. Singapore 7 Tel: *****11. MING COURT HOTEL Tanglin Road, Singapore 10 Tel: *****3. HOTEL MIRAMAR 401 Havelock Road, Singapore 3 Tel: *****2. HOTEL NEGARA 15 Claymore Drive, Singapore 9 Tel: *****1. {jS A /v\ OBEROI IMPERIAL HOTEL I
      421 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      67 7 BnStOW: PtaaicDiGijeriS m il A\A« J k/ mtSS SWPiRmRN \S NO IONGeR'nUSS muOSeft "lh THe CtfCbPusllStßS MRN/e Stßtppeo H£R OF H£.R. Tmjt... Qoore.r'Fbß conduct i THe. RCJG N*ne> 1 G*J€£N' y GOOD GOD—U*V\T 9 swe U*S OPls>Jif4G Pi BfYZ.fWt? IN FjJONT OF TH£ u*OU£ XDOJN. p»s sue. s>TepffeD rdcujpird, PCCOn%PwieD
      67 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      382 8 HONOKONO: Th« stock market recovered (lightly yeaterday after two day* of heavy selling with blut chip* It*(lint th* nee, dealera aald. Oversea* *«Uin« of aharee ha* dried up with major currenclee mutable. Th* market wae fairly quiet, they aald. Hatehleaa Whaapee roa* IB cent* to HKSS.fO. Jardlae Mittwii 20
      382 words
    • Article
      Tokyo
      479 8 TOKYO: Share prices rote sharply throughout yesterday following the US Treasury statement on defending the dollar, dealers said. The market average rose 73.27 to close at 4,041.18 with volume of 370 million shares. The Tokyo Btock Exchange Index closed at 348.01, up 3.0T Export orientated electrlcals, eameras and cars
      479 words
    • Article
      Sydney
      200 8 SYDNEY: The stock market yesterday closed weaker on profit-taking after recent gains, dealers said. The Sydney All-ordinaries fell 4.50 point to 474.23. JAM M owu WD i r' a A. C. I A. 0.0 A M.I. A.F.M Ampol W. ifc: cST'.:::: C. I. o C. 1. II CmIAllMd Lend'
      200 words
    • Article
      Manila
      109 8 MANILA: The stock market closed mixed yesterday with commercial averages slightly higher while oils and muting declined, dealers said. Turnover fell to 3.00 million pesos from Wednesday's 3.73 million. JAN N Pmo* Aco]«Mlninf .00M -o.ooot AtiaiCon.A 15.30 -0 4 AtlaiCon. B 15.80 -0.3 Bafulo Oold oos -0 0004 Btnjuet
      109 words
    • Article
      Bangkok
      98 8 JAN !>U •4 unci) jsiSSr.!! M ill Mb Vn ftitfi* IN 4 Mi -4 na -i Duma Duftlt TttAM I 0 MvMMb nmTM o«MranaaaM TnO TTwl InduMtiAi Fintno* Corp M4 H I1M -4 /3j He Jatapnttaa m •10 OMMM IT Train* M 1 LNKttniMlfi wnrCMy hmi Town jl IT
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    • Article
      Amsterdam
      214 8 AMSTERDAM: Share price* closed lower on Wednesday, following the weaker dollar and Wall Street's overnight trend, dealers said. JAN M 1 ru Ahold 1 I7.M M. 10 •1.0 Akto 1 unch Alfbank TM" uneh AMIV 1 -0.7 MJI W.M 41 Amrot Bank 1 -0.1 1 Boll 1 Bortumn •urtuaann
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    • Article
      Brussels
      42 8 BRUSSELS: Belgian shares were lower In fairly active trading on Wedneeday in the wake of wall Streei'a fell, boum touroM mm. Against the trend only at usv r>&SiJS and Canadian^^Qom ■Sr'iill ifiX iron SB K 1 3 fcj VI jr'Ttl f]
      42 words
    • Article
      Frankfurt
      273 8 FRANKFURT: The market ctoMd weaker on balance on Wedneeday although late buying orders by large lnveetors pared some early loaaaa, dealer* aald Dreeimt Baak lost one mark vhlle CtwMntaak vaa ateady and Diaaniw alipped M pfenssskTcsswaWia 1.10 in easier motors. Engineer• ings war* alao veaker. Laadlng chemicals and electrlcala
      273 words
    • Article
      Milan
      73 8 MILAN: Pricee row in more active trading on Wedneeday, dealera aald. Buying tntereat covered moat laauaa, particularly tnauranoea, flnanctauand a few induatitok. Bank* vara firmer with aubatantlal rtaea in lan dl 1— and OemH. Large galna wore noted in UMfM group atocka, while Pirelli •PA, vlseesa Cemaaea and QaaeraM
      73 words
    • Article
      Paris
      291 8 PARIS: Shares moved sharply lower on Wedneeday following the early dollar fall, bourn source* said However the rIM in Um sold price brought Um gold linked 4H per cent IVTS rmrnnent bond to a record 90 It «u withdrawn from trading after rising the maximum permitted. Bekeeek tad Pee
      291 words
    • Article
      New York
      1307 8 NEW YORK: The Mock market (taxed a dramatic reversal in Um early afternoon on Wedneeday on word from Washington Um Oov«rnmtnt u intervening to eupport Um dollar, but prices turned around later to close broadly lower In heavy trading "The market U aware that intervention in foreign exchange
      1,307 words
    • Article
      CHICAGO BOARD OPTIONS
      1390 8 January 4 Trading on the Chicago Board Option* Exchange came to 130,213 contracts compared with 110,848 contracts on Tuesday. OPTION JAN APL JLY STOCK Alcoa 40 6 53/4 44 7/6 Alcoa 46 1 a 1/4 3 1/2 447/6 AiCO* s§ 6 53/4 6 44 7/6 Alcoa UNTRD
      1,390 words
    • Article
      Zurich
      277 8 ZURICH: Pricee were generally lover in heavy turnover, fotlowathe aharp decline of the UB it and eone other major currenclea againat the Swiss franc and the vaaknaaa of Wall Street, dealer* aald •wUeair fell in Iranaport* while pricee alao daclined among banka, flnanclala and Inauranoae on aueaalned setitnc preeaure.
      277 words
    • Article
      Jo'burg
      252 8 JOHANNESBURG: Prices closed actively firmer on Wednesday, dealers said, although selecuve gold shares were off the top ahead of yesterday's IMP gold auction. Equities wsre firmer on renewed local support, while the ei in gold shares ranged from to 306 cents In the case of Weeteea Hokdlaas at SOW.
      252 words
    • Article
      Toronto
      300 8 TORONTO: The market recoveied partially from early lomm on Wednesday but the Compoeiu index wu off four polnu at the cloee Decllnea tad advances 194 to 1H In actlva trading. Tha gold lndtx. which waa up 40 polnu at tha open, cloeed down 28 polnu on nawa that tha
      300 words
    • Article
      Indices
      65 8 FINANCIAL TIMES INDUSTRIALS Wednesday 487.1 Tuesday 48S.6 Week Ago 490.4 DOW JONE8 AVER/ INDUSTRIALS kGE Wednesday .813.58 Tuesday .817.74 Week Ago .829.70 LONDON DOLLAR PREMIUM Wednesday 08 W to 68%. Tuesday 7m to 72 HJL HANG SENG Wednesday .388.29 Tuesday .993.74 Week Ago .408.24 SYDNEY INDUSTRIE ILS Wednesday .418.24
      65 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      391 8 .1 .1 I H -t e 4 _~n S i v iiAi 4 i i> THE GREAT BOOKS OF WESTERN CIVILIZATION ing of civilization's areat men. A conversation that has created the lasting institutions of our world today science, government, literature, philosophy, religion all the great humanities. Included with this
      391 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      707 9 r' ?.m K ''A- <Hȴ: t v "My editcnial philosophy: Good stories dorit come to you, you have to get out and find them /?oy Mackie, Editor, Business Times M v: > r "I've worked for some hard-nosed News Editors in my time. The most fearsome of them all Was
      707 words
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  • Article
    SHARE INFORMATION SERVICE
    2314 10 1*71 Higfc Low Compajty Last Sale Qr*s *r Dtv e'*r Or' s NM t" M Vel C686) Hi« Day h Urn 154 am n» 248 88* 305 180 387 433 148 171 348 835 139 384 338 108 408 304 143 900 144 480 192 310 78
    2,314 words
  • Article
    KLSE closes on easier tone
    509 10 THE Kuala Lumpur stocl market yesterday drlftee through a fairly quiet day t< close on an easier tone. Trading, as usual, remained selective with th< bulk of activity concentrated on the fen speculative Issues which saw good gains recently. Support for these shares Das diminished
    509 words
  • Article
    Bank Rakyat
    46 10 the Malaysian Govern- ®ent is to revitalise Bank Kerjaaama Rakyat Bhd with a new board of 10 directors, bank vice chairman Datuk Bulalman Nlnam said. The existing board of directors will be dissolved as soon as Parliament approves a new Bank Act, he said.
    46 words
  • Article, Illustration
    MIXED CONDITIONS RULE
    316 10 MIXED eoodittoa* rated Is < g|^ > ■d yentarday. A aalai rally waa ■ttaaaplal in aarara] now tan wm buainaoa ktauia the aonbf. By mid-day, ■*mew rfapu lira canta W9f9 recorded. Pewaiaa, Mild kMriik ir*T5w2ZJ! h mSS -T-rr°Z?rbant'lto cleeiag taaa was kanly ateady. Oa fcalaaw, advaaoaa lad
    316 words
  • Article
    Transactions in Singapore
    1302 10 BID aad efler prici* oAcUUy HilW »»d biulMii la aad raparted to Ik Staah lukun •T Stocapara yaalerday wttfctha aanhar at afcaraa InM iWwa to bracket* to lata af 1,888 uaiU ualaee Mtowto epariflad. All to* Sattleaaaat Coatracta an VMtatf altar the world "Salt". Bi« Board deal*
    1,302 words
  • Article
    In Kuala Lumpur
    1102 10 810 a»4 oChr price. officially llMti and baiiatu la mm 4 npwlad to Dm Kuala I wpir Stoek Eukuic yaatorday with tW a unbar of akaraa nM •km la hrackata la toU af 1,880 unit* ualaaa »lkai wtaa nirtHid. INDUSTRIALS Ammm (I.SSB 1.408) (2iaß ,im> <*> xis
    1,102 words
  • Article
    Stock options
    70 10 STRIKING price* of the stock options officially listed on the Stock Exchange of Singapore, the period*, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. DBS (March 53.00) (0.705). C and C (March $2.20) (0.38B). <O.SSS) C Pe (M reh
    70 words
  • Article
    Unit trusts
    123 10 mncafou unit tbubt INCOMX BOND UNIT WBVn jnam ferJul) (fail m -faea) The Commerce.... 17* IN INCOMX BOND 'i.n l.M The String Fund l.M 1.14 S pore Prof rund s foresee urttjr Spore Invest Fund on on m 1.13 m I.M MABA BUMIPU1 (Mutfm' prtni Flnt Bumlputra Second
    123 words
  • Article
    GOVERNMENT BONDS
    87 10 4 J/4% 1/C/7S (250.000) (100.558 100.05S) (2) 100.56 (6) 100.00 5 1/4% 15/10/7 J (250.000) (100.958 101.158) 4 3/4% 1 5/0/80 (250,000) (00.358 90.506) 3/4% 1/12/80 (250.000) (103.60B) 5% T F 15/4/81 (250.000) (101.SOB) 5% T P 11/10/81 (250.000) (101.47B) 5% T F 1/VB3 (250.000) (00.058 100.058) Uaisa®
    87 words
  • Article
    CORPORATE BONDS
    187 10 SAbkmT < mMO > mil sssr* <i ooo) MW) BJ I9U (100 00 °)(**B Credit 1 naiili Onellas 1353 (100,000) (M*B BeW) c Itefc 1304 (100,000) (96%8 97SS) DBS Caavarta C 1/3% 1301 (100,000) (05%8 975) D B 8 3 1/3% 1103 (100,000) 101HS) BI 83% 1303 (100,000)
    187 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      165 10 COLLECTINQ Oriental Amm u by Judith Moorhouse and Dries Blitz Lid Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive for the average collector. This myth is perpetuated
      165 words
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  • COMPANY NEWS
    • Article
      NEW OUB SUBSIDIARY
      89 11 OVERSEAS Union Bank has formed a now subsidiary company called Overseas Union Bank Trustees In a bid to improve its service. A statement from the OUB group says OUBT has been formed to pro- vide more specialised and sophisticated services including the administration of estates and settlements
      89 words
    • Article
      DIVIDENDS ANNOUNCED
      371 11 Curat payment Ex Date Date payable Total for the year Total tar previous yoai Petallng Tin 82.5*I(n) T. Harbour 25*1 Selangor Dredging 40*1 Boustead 7*4*1 Kuala Kampar Tin Fields Bhd. 33.3*1 Chem Ind (FE) lOHm BousteadcoS'poreUd 2.5*1 Cold Storage Hldgs 7*I( k) FliN 8*1 Kllllnghall 300* Jack Chia-MPH
      371 words
    • Article
      OIL PALM OUTPUT
      75 11 November 1977 FFB OIL KERNEL Tons Tons Tons Austral Enterprise 631.00 94.00 Ayer Molek Rubber 74.22 Buklt Katll Rubber 315.59 Castle field 135.97 27.20 Dunlop Estates 2,119.00 427.00 Golden Hope 3,361.68 685.40 Kuala Selangor 59.34 13.12 Kundong Tanjong Pau 46.32 8.85 London Asiatic 2,115.10 465.75 Patallng 2,865.59
      75 words
    • Article
      Loytape queried
      78 11 THE Kuala Lumpur Stock Exchange has asked Lojrtape for more details on its recent credit facilities of MM million obtained from Bank Buroh (Malaysia). The exchange would like to know the terms of the facilities granted including repayment terms and security offered the Interest rates charged and the
      78 words
    • Article
      Genting
      33 11 THE Foreign Investment Committee of Malaysia has given the menllght to Genting Highlands to acquire 1.47 million shares of MSI each or a 49 per cent stake in Denting Nlssel Malaysia Sdn.
      33 words
    • Article, Illustration
      Cheaper wheat gives UMF a big boost
      609 11 SHARPLY lower cost or wheat grains was the main r actor behind the explosive rise in earnings seen at United Malayan Flour Mills for the year ended July 31, 1977. Against only a group pretax proNt or M 5293,516 achieved previously, earnings this
      609 words
    • COMPANY MEETINGS
    • Article
      Perlis revises parent profits upwards
      212 11 PERLIS Plantation has revised Its parent company's pre-tax profit upwards from the earlier estimate Of M 1750,000 to $1.43 million for the year ended Sept 30, 1978. The earlier estimate was given in its half yearly report. The company. In a statement to KLSE said,
      212 words
    • Article
      PEOPLE IN BUSINESS
      94 11 JARDINE Fleming (Singapore) Pte Ltd has promoted Mr. Liu Chee Ming to the position of manager with effect from Jan 1. At Perils Plantations, General Tan Sri Ibrahim bin Datuk Ismail has been appointed to the board. Singapore Nomura Merchant Banking announces the appointment of Mr Yoahiaki
      94 words
  • INTERNATIONAL
    • Article
      Lonrho Sugar foresees jump in output
      295 11 EUROPEAN COMPANIES LONRHO Sugar Corporation, In which Lonrho holds a 99.9 per cent interest, has reported a big rise In estimated cane output for the season to March 1978. The Board says that good results have been experienced In all territories In which the
      295 words
    • Article
      Lock icon Estel expects record loss for 1977
      332 11 Reuter ESTEL NV Hoesch Hoogovens expects final 1977 figures to show record losses, after the net loss of 262 million guilders in the first three-quarters, executive chairman Jan Hooglandt said. He said Europe's fourth largest steel producer expects large losses In the fourth quarter,
      Reuter  -  332 words
    • Article
      Lock icon Renault raises turnover
      111 11 Reuter REGIE Nationaledes Usines Renault said Its 1977 turnover was around nine per cent up on 1978's net consolidated 44.0 billion francs. Production of cars and small utility vehicles rose 5.1 per cent from 1978 to 1.74 million and Its share of the French market rose to
      Reuter  -  111 words
    • Article
      GEC win
      46 11 LONDON: The Qeneral Electric Co Ltd has won a contract worth about US$9O million to be lead contractor In building a power station for the Iranian state electricity company Tavanlr, a GEC spokesman said. The power station will be built at Ahwaz, south-west Iran.
      46 words
    • Article
      Swedish Match disposals
      492 11 IMMEDIATELY before the Christmas holiday Swedish Match completed Its third disinvestment deal within a week, when It sold part of Its match Interests and two forestry companies In the Philippines to a new company formed by the local Angara Group and Nltro Nobel, the Swedish explosives company.
      492 words
    • Article
      Ford makes more tractors
      171 11 NORTH AMERICAN COMPANIES FORD Motor Co said its tractor production increased 4.3 per cent to 125,075 compared with 119,918 in 1970. Ford said its Romeo, Michigan, plant built a record 30,188 farm and industrial tractors and wheel loaders, 4.9 per cent more than the 34,474 units
      171 words
    • Article
      3M POSTPONES PLANS
      87 11 MINNEAPOLIS: Minnesota Mining and Manufacturing Co. (3M) said It Is postponing plans for a US$5OO million industrial park until at least 1980. Plans for the complex, known as Carlton Park, were announced In 1974 and construction was to have begun last year. The 593-acre development east of
      87 words
    • Article
      Great Northern to expand
      120 11 STAMFORD, (Connecticut): Great Northern Nekoosa Corp said directors approved a US$25B million expansion programme, the largest in Its history. Great Northern will invest $245 million in a third paper machine at the company's business paper mill in Ashdown, Arkansas, and expand the pulp mm there. Another
      120 words
    • Article
      Lock icon Alliance well spudded
      279 11 ASIAN COMPANIES Reuter MELBOURNE: Alliance Oil Development Australia said Packsaddle Number Two well within South Australian Licences Five and 81x was spudded on Monday and is running surface casing at 155 metres prior to drilling ahead. The copper basin well is around 80 km north east of
      Reuter  -  279 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      330 11 Slow boat iijfßf Us CHINA TRADE QUARTERLY BT Far East Publications g-r 1913, Henglung Centra, Peterson Street, Ceusevwey Bay, Hong Kong. r 'Please enter my full subscription to China Trade Quarterly. I em enclosing e cheque/money order for USS2OODO or equiveient in other currencies. I 1 Please forward issue(s). et
      330 words
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  • Article, Illustration
    Thailand fixes quotas for rice dealers
    1175 12 By Our Reporter THAILAND, Singapore's largest supplier of rice, has decided to restrict the amount of the grain it will sell to Singapore merchants, effective from the beginning of this month. The quota, set at 7,000 tonnes a month, will apply for the first
    1,175 words
  • Article
    Lock icon Bergland warns the Japanese
    932 12 Agencies US Agriculture Secretary, Bob Bergland, delivered a stern warning to a group of Japanese cooperative farm leaders during a closed meeting on Wednesday. He said unless Japan ends Its current trade policies, Including stiff restrictions on some US Imports, the world economy will collapse eventually.
    Agencies  -  932 words
  • Article
    LONDON STOCKS
    699 12 LONDON, Thurs. Equities edged higher in thin trading with sentiment boosted by the recovery of the US dollar and the expectation of a reduction in the UK minimum lending rate tomorrow. At 3 pm, the Financial Times Index was ud 5.4 at 493.2 Government bonds showed falls of
    699 words
  • Article
    Lock icon Suharto aims budget at development
    562 12 Reuter PRESIDENT Suharto submitted a balanced 4.80 trillion ruplah (about Ss29 billion) 1978 draft budget to Parliament. The budget, to cover the fiscal year beginning April 1 shows an increase of more than 13.6 per cent over i97am. Fiscal 1978/79 Is the last year of
    Reuter  -  562 words
  • Article
    Lock icon US still to activate Tokyo swap line
    231 12 Agencies BANK OF Jtpu aaid the U8 haa not mM HralniM to activate its swap liae wit* J »P~ terniee yea foada for market lilwiwllw to wtport the dollar. TV# official* docliaod to 4Url— ttoihirftWyw. jWtar m» line, oetpt mjtiag that it wit
    Agencies  -  231 words
  • Article
    Lock icon INFLATION EDGES UP
    128 12 AFP INFLATION in the Industrialised countries as a whole was slightly higher at 7.0 per cent in November, after slowing down from July to October. The IMF said the average annual inflation rate was 7.5 per cent in October. It has steadily fallen from 8.3 per cent
    AFP  -  128 words
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    Lock icon Europeans call Carter's 'bluff' on the dollar
    730 12 NYT Reuter EUROPEAN monetary of' fldaU welcomed Preskten Outer'* decision to detent the ailing dollar more actively on foreign exchange markets, but warned that II may prove a risky strategy. So long as the UnlteO States remains likely to rur substantial balance of
    NYT; Reuter  -  730 words
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    Lock icon Bangkok may unpeg baht from dollar
    241 12 AFP the Thai government Is "understood to be considering" unpegging the baht from the fluctuating US dollar. The Bangkok Post said the move was initiated by government economists who reason that the move would help pull Thailand out of Its balance of payments difficulties.
    AFP  -  241 words
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