The Business Times, 14 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 SATURDAY, JANUARY 14, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Log exports
      69 1 Reuter MANILA, Frl. The Department of Natural Resources is considering a plan to allow wood exporters to Increase their shipment of logs above their yearly quotas when the market for processed wood products Is unprofitable or depressed. The plan Is part of Its strategy to Increase the profitability
      Reuter  -  69 words
    • Article
      Lock icon More for the coffers
      82 1 Reuter TOKYO, Frl. The Japanese Cabinet adopted a fiscal 1978 tax revision plan which will bring a net increase of 348 billion yen (513.4 billion) In revenue for the year which begins in April. The Finance Ministry said the plan, which Includes an Increase In liquor
      Reuter  -  82 words
    • Article
      Lock icon Rice for Indonesia
      51 1 Reuter MANILA, Frl. President Marcos has approved export of a further 4,000 tonnes of Filipino rice to Indonesia. The National Orains Authority said the bulk of It Is being loaded in Manila. The rest will be picked up in Hollo and General Santos City in southern Philippines.
      Reuter  -  51 words
    • Article
      Lock icon Sir Harold leaves
      43 1 Reuter FORMER British Prime Minister Sir Harold Wilson left for home yesterday at the end of a fiveday visit to Singapore. Sir Harold, accompanied by his wife, was here at the personal invitation of Prime Minister Lee Kuan Yew. Reuter.
      Reuter  -  43 words
    • Article
      Lock icon Fukuda asks for summit
      52 1 AP TOKYO, Fri. Japanese Prime Minister Takeo Fukuda yesterday asked for a summit meeting with President Carter to discuss International and bilateral problems. Foreign Ministry officials said Mr Fukuda made the proposal at a meeting with US Presidential special trade representative Robert Strauss and ambassador Mike
      AP  -  52 words
    • Article
      Lock icon A weak rally
      53 1 UPI LONDON, Frl. The US dollar rebounded a bit on most money markets yesterday In nervous and uncertain trading. London and Zurich proved the exceptions. In London, sterling traded at U551.9308, compared with Thursday's $1.9225. In Zurich the US unit was traded at 1.9640 Swiss francs against
      UPI  -  53 words
    • Article
      Lock icon MHI cuts workforce
      77 1 UPI TOKYO, Frl. Mitsubishi Heavy Industries, Japan's largest shipbuilder, has decided to reduce its workforce of 69,500 by 6,000 over two and a half years in the current global shipbuilding recession coupled with the country's slow business activities. The management, which had retrenched more than 12,000 workers
      UPI  -  77 words
    • Article
      Lock icon Oil-prospecting fund
      58 1 Reuter BANGKOK, Frl. The United Nations Development Programme (UNDP) will provide about Uss3 million for the expansion of a regional cooperative venture In prospecting for oil and other minerals In the offshore areas of East Asia. Of the total, $934,000 would be from UNDP while $2 million was
      Reuter  -  58 words
    • Article
      Lock icon Dow Jones
      57 1 UPI NEW YORK, Frl. Stocks headed higher today In reaction to the dollar's rebound on foreign exchanges. Trading was fairly active. The Dow Jones industrial average, which gained 2.25 points on Thursday, was ahead 1.39 points to 779.54 shortly before 11a.m. Advances outnumbered declines, 625 to 319, among
      UPI  -  57 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      128 1 Rites Ajror Hitam Tla 900 +40 8kaa«ri-La 372 18 Sum 280 15 Com Plant 490 14 Benta Tu Choag 280 10 244 +9 Duff Dev 140 +8 MaUtuhlta 290 +7 Hifb ft Low 221 +7 Alcoa 195 +7 Lien Ho* 189 +7 State Darby 328 +8 Foils
      128 words
    • Article, Illustration
      In Kuala Lumpur
      176 1 Rises Kara un ting 2.52 12 High and Low 2.26 10 Conjol Pit 4.98 +10 Setron (M) 1.45 .08 Sentosa 2.08 .08 CfcC Bin tang 2.18 +.08 Sanyo 3.00 .08 B. Lin tang 1.64 .07 P.Chem 2.62 .07 U.E.(M). 1.11 .06 K. Stdlm 1.50 .06 Alcorn .01
      176 words
  • Article
    Prima to set up $82m Lanka mill
    845 1  -  BIGGEST COMPLEX IN REGION By TSANG SAU YIN THE PRIMA group Is to set up an $82 million flour mill In Sri Lanka. The complex, the biggest of its kind In South Asia, will be built In the port of Trlncomalee. It Is
    845 words
  • Article
    More banks in Seoul queue
    203 1 SOUTH Korea is considering allowing eight foreign banks to set up branches in Seoul and several of them are expected to start business this year. The Finance Ministry, however, refused to name the eight banks. Three are In the US, two each In Canada and
    203 words
  • Article
    SPC move to keep C. Itoh in the picture
    588 1  -  •y RONNIE LIM A TEAM of Singapore Petroleum Company officials will leave for Tokyo to meet Its main buyer and minority shareholder, C. Itoh, in a week's time. JVhlle the SPC said that this forms part of its regular meetings with
    588 words
  • Article
    S'pore against fare hike
    171 1 THE SINGAPORE government did not agree to a proposal by Malaysian Airline* to Increase fares between Malaysia and Singapore by 19 per cent. Malaysia's Deputy Communications Minister Hajl All Bharlff said in Parliament that Singapore had not allowed MAS to make the proposed increase two years
    171 words
  • Article
    Assay team to check if coins are up to scratch
    250 1 SINGAPORE'* newlyformed Annuel Aeeey Commission, will eonduct its inaugurel test end exeminetion of coins struck by the Singapore Mint on Jen 23. Hie test Is to determine that the coins are in eccordence with specificetions and stenderds leid down by
    250 words
  • Article
    Citibank is replaced by Midland in FOCL
    411 1  -  •y SOH TIANG KING MIDLAND Bank of the UK has agreed to take over Citibank's 40 per cent stake In First Overseas Credit (FOCL). The new general manager of FOCL, Mr. William Lewis from the British bank, Is now In Singapore and will
    411 words
  • Article
    GARMENT MEN DENY
    74 1 THE president of the Singapore Garment Manufacturers' Association. Mr Lam Thlan has denied Indonesian reports that Singapore and Hongkong garment manufacturers are exporting products to EEC countries using false addresses in Indonesia. The large circulation Jakarta dally, Kompas yesterday claimed that producers from the two countries have
    74 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
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      24 words
    • Advertisement
      Page 1 Advertisements Column 2
      103 1 I »I L I L »P 1 ROfi Braun Synchron Plus Braun's Synchron Plus. For the man who must have a closer, smoother, faster shave than any other shaving system can give. The exclusive features of this shaver include: Tissue-thin super-flexible electro-formed nickel foil. Has unique pattern of cutting holes
      103 words
    • Advertisement
      Page 1 Advertisements Column 3
      48 1 SCHEME to dtepoM GBA tia NOEWAY r*w raiiN laeal PIA iwilH ttt LETTER t* tIM 1 COMECON um I TIM OWN nto EROSION aft Ck«aUeal FEWER buks lavtlvtd is MlSClaaa MBMOPAD CROSSWORD* Z, AIBCHAfT SCHEDULE ft, WEATHER ft, TV RADIO ft, BUTTOW 7. STRAW* Of THE WIND 7.
      48 words
    • Advertisement
      Page 1 Advertisements Column 4
      61 1 SINTAT Rent-a-Car Singopor.: *****55. *****5 (Airport) Kuoto Lumpur: *****4 Panong: ***** aseam Business QUARTER! Ms>. mm*. WMrori Mr*. Doris Pang A*ia Research Pte. Ltd. P.O. Box 11, Alexandra Poet Office, Singapore 3. Telephone *****45/6 Please send to the address below 1 the latest issue of ASEAN Business Quarterly (Autumn edition)
      61 words
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  • TRADE AND INDUSTRY
    • Article
      Disposal plan for GSA tin
      628 2  -  RELEASE THROUGH ITC By JIMI NGOH THE Malaysian Ministry of Primary Industries is preparing a scheme for the disposal of tin from the US General Services Administration stockpile through the ITC to help maintain the celling price of the metal. Minister of Primary Industries, Datuk
      628 words
    • Article
      Govt to go metric in real estates
      148 2 FROM July, the Government will go metric when dealing with the public on real estate, while the target date set for the private sector is January next year. Five of the six public bodies Involved use a dual (Imperial/metric) system. A meeting of
      148 words
    • Article
      MEMO PAD
      162 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Jan 4-23 7, 14 21 9-30 9-16 9/12/2 9-30 16-20 Managing Conflict in Industrial Relations The Effective Secretary Industrial Application of Operational Amplifiers Managers and Information Systems S.D. Module pi Elements of Industrial Engineering Energy Management Module 1 Contractors and erection
      162 words
    • Article
      Lock icon Demand spurs HK fur industry to new heights
      202 2 AFP HONGKONG'S leaping fur industry is expected to shpw r further export growth this year. The value of exports leapt from some US$5.B million (5513.3 million) in 1973 to $34 8 million in 1970 while In the first 11 months of last
      AFP  -  202 words
    • Article
      Construction and building exhibitions
      219 2 SPURRED by the success of the first Singapore Inter* national Building Exhibition in 1970, the organiser, Industrial and Scientific Conference Management of the US, will hold another one here from March 15 18. The exhibition, Slbex 78, Is being organised jointly with the Singapore Construction Equipment
      219 words
    • Article
      Lock icon Bangkok bid to slow imports
      170 2 AFP THE BANK of Thailand, In the first step to curb the country's soaring trade deficit, has called on foreign banks In Bangkok to slow down credits to local importers. The Nation Dally newspaper reported that bankers were specifically asked to slow down credit extension
      AFP  -  170 words
    • Article
      New POSB branch
      51 2 THE NEW Empress Place POSB branch at Government Offices Building will open on Jan 16. Withdrawal up to 55.000 by cash, and 810,000 by cheque will be available. Business hours are from 8.30 am to 4.30 pm on week days and 8.30 am to 1.00 pm on
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    • Article
      Lock icon Manila coconut earnings up
      217 2 Reuter THE PHILIPPINE coconut industry earned a record U*****.2 million (Ssl.B billion) In 1977, about 38 per cent higher than the 1978 figure of $555.3 million. T"he United Coconut Association of the Philippines announced that the export volume last year was, however, 1.9 million tonnes compared
      Reuter  -  217 words
    • Article
      TWO ROADS CLOSED
      109 2 J A LAN Kuan tan and Sumbawa Road between Victoria Street and North Bridge Road will be closed from midnight today for development work by the Housing and Development Board. Jalan Sultan between Victoria Street and North Bridge Road will revert from the present one-way to a
      109 words
    • Article, Illustration
      Seminar on credit expansion in Singapore
      174 2 MRS. Elisabeth Sam (above), chief manager at the Monetary Authority of Singapore, will open a oneday seminar on "Credit The seminar at ShangriLa Hotel is jointly organised by the Institute of Banhing and Finance and the Singapore Credit Club. Speakers at the siaiiliisr will
      174 words
    • Article, Illustration
      Price cut by developer did the trick
      376 2  -  •r PETER CHIA THE FIRST condominium housing project completed In Singapore Gardenia Court has met with encouraging response. The estate In Sembawang was completed last September and is 75 per cent sold. However, the response was only achieved after the developer had reduced
      376 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      643 2 FORUM 585 Orchard Road, S'pore t. Tel: *****2 408/407 Rtvdoek Road, S'pore S. Tel: *****1 PebMe Bar SS„r?L7*"" You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally (except Sunday) open till 2.00 a.m. Coffee Shop Our Quick Businessmen's
      643 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      605 2 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I Local refreshment places (4) 4 In which to sail airily alone (8) Oood at cooking? (S) It Form of sari one shouldn't put on (4) 13 Rustic showing the way to Ooa (8) 14 Queer street to roam about 15 Statesmen! (6) 17
      605 words
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  • OVERSEAS
    • Article
      Lock icon Incomes policy will continue says Whitehall
      639 3 Reuter BRITAIN'S chief secretary to the Treasury. Joel Barnett clarified on Wednesday that the government wants to continue with its incomes policy when the present guidelines expire at the end of July. He hoped for reasonable Income tax cuts in the ***** budget and
      Reuter  -  639 words
    • Article
      Lock icon Credit meeting extended
      193 3 Reuter THE Organisation torEconomic Cooperation and Development's (OECD) meeting on export credits, due to end on Thursday, was extended one day. Conference chairman Ollbert Morleghem of Belgium is holding a number of meetings with small groups of participants before reconvening the full session. The meeting Is intended
      Reuter  -  193 words
    • WORLD IN BRIEF
      • Article
        Lock icon CONFERENCE ON WHEAT
        501 3 Agencies A NEGOTIATING conference on wheat and coarse Siins will be held In neva from Feb 13 to March 23, under Unctad, the International Wheat Council announced on Thursday. The negotiations on wheat are aimed at producing a new arrangement to control supplies and prices. It Is
        Agencies  -  501 words
    • Article
      Lock icon RESTRICTIVE POLICIES STIFLE EUROPEAN RECOVERY
      371 3 Reuter THE mini-recession In West Germany and other European countries will not be overcome In the next few months because of structural economic problems and over-restrictive government policies last autumn. Mr Norbert Walter of the University of Kiel's Instltut fuer Weltwlrtschaft told a world outlook
      Reuter  -  371 words
    • Article
      Lock icon German banks cashing in on loophole
      269 3 Reuter GERMAN banking authorities are becoming increasingly concerned at the way German banks are using Luxembourg subsidiaries to circumvent banking regulations on the granting of large credits. Concern has grown recently as high Euromarket liquidity, and last month's Bundesbank measures to ward off capital
      Reuter  -  269 words
    • Article
      Lock icon Locomotive role should be shared
      193 3 Reuter A STATE Secretary at the West German Economics Ministry, Mr. Otto Schlecht, rejected the notion that his country should play a "locomotive" role in stimulating the world economy. Satisfactory International growth requires action by as many countries as possible, he said, after a meeting
      Reuter  -  193 words
    • Article
      Lock icon Spending not enough to fulfil job goal
      859 3 Reuter US Commerce Secretary Juanlta Kreps said the business investment plans disclosed in her department's latest survey are not adequate to meet hilly the requirements of high employment with reasonable price stability. She described the projected spending plans as moderate, but said US
      Reuter  -  859 words
    • Article
      Lock icon War on inflation takes on new tack
      258 3 Reuter THE Carter Admiaist ration U assembling an an-ti-inflation strategy based •a prrtuaaion, with the government attempting to sat aa example through regulatory policy. Wage and Price Stability Council director Barry Boaworth said the programaM, to be pcooanted by FrsaMaat Carter next week,
      Reuter  -  258 words
    • Article
      Lock icon Forex still confused with dollar moves
      541 3 NYT MORE than a week has passed since the United States surprised the world with a series of actions deigned to strengthen the dollar in the foreign exchange markets. The Jury is still out weighing the efficacy of the various moves while spectators have
      NYT  -  541 words
    • Article
      Lock icon EEC fears abuse of reference system
      295 3 AFP Reuter THE European Economic Commission is worried over the possible repercussions of the US reference price system on EEC steel exports to the United States. Sources said EEC officials have began talks with US experts in Brussels In a bid to obtain more
      AFP; Reuter  -  295 words
    • Article
      Lock icon PLANS TO DOUBLE ODA
      93 3 Reuter THE US government plans to double its official development aid (ODA) in the next four years up to about US$B billion (Bsl9 billion). Mr. John Gilllgan, administrator of the Agency for International Development (Aid) said this at a conference in Itoh, Japan. Mr. Gilllgan was
      Reuter  -  93 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      373 3 mcifico Singapore Tanglin Circus, S'pore 10. Tel: *****1 Brasserie La Rotonde Have a Swiss Affair with us Brasserie La Rotonde Speciality de Cafe damada IVhotelA Food fresh from Switzerland Car valets in attendance Newton Road, S'pore 11. Tel: *****1 We've got it all together Golden Mikado Cantonese Cuisine prepared with
      373 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      316 4 OPENING prices here were marked down fractionally but rose gradually on speculative buying, reserve of sellers and some upcountry selling. February One RSS buyers closed the morning at 205.25 cents per kilo, 1.75 cents higher than Thursday's close. Values gained further ground In the afternoon
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    • Article
      RAS PRICES
      294 4 Prices in cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.8.8. prompt f.o.b. 106.00 206 SON Int. 1 R.8.8. February 205.00 208 50 Int. 1 R.8.8. March 205.00 205.30 Int. 2 R.8.8. 201. 75 202.75N ra/Cont. 200.75 201.7SN Int.JRSS. 1(6.75 1(6 7SN 167.75 166.75N Int.
      294 words
    • Article
      SSR AND SMR
      86 4 NOON 8SR and SMR price HAS f yesterday: February (CumatMtfc) March (Forward Mtht SSR20 SSR50 MRELB (1-ton pallet) (1-ton pallet) (Ml 195 00 193.00 197. OON 195.00N (CM 196.00 194.00 ■Uparkf) 196.OON 198 OON SMRSCV SMR 5L SMR 5 SMR 10 SMR 30 SMR SO (1-ton pallet)
      86 words
    • Article
      Closing prices
      31 4 Rubber: Jan 11: Singapore: February 206.50 cents (up 3.00 emu) Malaysia: February 2M.Q9 cents (up 2.75 cents) Tins: f 1,711 (down $19) Official offering: 255 tonnes (up 3 tonnes)
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    • Article
      Produce exchange
      376 4 CONDITIONS were mixed at the Singapore produce market yesterday. According to the Singapore Chinese Produce Exchange, all grades of pepper were quoted $2.50 per plcul higher In sympathy with the major world markets which were all firmer. Top quality Muntok Asta white was at $447.50 per plcul fob.
      376 words
    • Article
      First upward trend in six months
      348 4 MARKETS have gained eight cents In fairly active conditions during the week ended Jan 12 to re-establish themselves above the 5<2.00 mark in furtherance of the first upward trend in six months, having recovered some 13 cents In the last three weeks; however, profit-taking
      348 words
    • Article
      Palm oil
      68 4 C.l.F. US dollars per Ion LONDON: Thursday Pmi«u Malaysia 5H ffa bulk Feb 500 sir 502 air Sumatra i% ffa Jan US sir 525 sir Feb 525 sir 525/520 pd March April May/June 510 sir 500 sir 475 pd 507 50 pd 407.50/495 pd 475 pd Nigeria 5*
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    • Article
      Cocoa
      149 4 TERMINAL cocoa In London yesterday opened £10 to £2.50 down but recovered In quiet open trading. Dealers said the market was hesitant In view of the ICCO prediction of a smaller world production surplus for 1977/78 than recent trade estimates. The sources said the latest Dutch said 0.94 per
      149 words
    • Article
      Coffee
      178 4 COFFEE futures closed the morning in London yesterday steady but £5 higher to £15 lower. Volume totalled 1,032 lots Including 44 options and around 300 lots of cross trades. Spot Jan reversed an earlier £9 loss to close £5 up on Thursday night at £1,967 to maintain a £100
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    • Article
      Sugar
      135 4 SDOAR futures in London yesterday opened unchanged to £0.00 per tonne up from Thursday, afternoon's closing levels. Turnover totalled 348 lots. The market was quiet* prices rallying from slightly lower kerb levels due to easing of sterling against the dollar. The London dally raws price was raised £2 on
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    • Article
      Hongkong comex
      341 4 SUOAR futures closed < easier and losses ranged 1 from 0.08 to 0.12 US cents < yesterday. i The Hongkong dally spot 1 sugar price was steady at < 8.75 US cents. 1 Sugar futures closing prices PlftlSM < Claslac Clesiag Mch 9.43/48 8.55/38 May 0.88/88 B.M/0 M
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    • Article
      Rice
      197 4 BANGKOK rice prices were quoted u follows yesterday (Price* in U8 dot tan per tonne fob bull Bangkok) WfcMe Wee: 100 pet lit efca* 365.100 r* 2nd clam 390,100 pet 3rd dam Ui. pet X* 10 pet 310, IS pet 317. SOpct 314. 2S pet SIS. 35 pet unq
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    • Article
      Soybean
      75 4 SOYBEAN futures closed on both sides of the previous close, 3/4 cents higher to one cent a bushel lower, in Chicago on Thursday. The nearby January failed to sustain a move through the UBM a bushel psychological level, the day's high closing at 95.961/4, about three cents above the
      75 words
    • Article
      Wheat
      50 4 WHEAT futures closed 1-1/2 to 1/4 cent a bushel lower, as only the deferred March ported a gain, ending 1/2 cent higher m Chicago on Thursday. Spreading accounted for the bulk of activity. Moderate commission house and local selling kept prices down for most of the session, traders said.
      50 words
    • Article
      Copper
      279 4 COPPER wirebars finished the morning in London yesterday showing gains of £3 for cash and £2750 for Three Months. The market was given a modest lift by covering following easier sterling {gainst the U8 dollar with pricing purchases of r**h ss feasr ~u^,n, Dealers noted the contlw»de fluctuations In
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    • Article
      Silver
      117 4 SILVER was 1.8 pence lower all round In London yesterday. Ring dealings were slow with only 17 lots changing hands. On Thursday, silver on the LME rose by 0.7 to 0.9 per troy ounce. The market sank during the early afternoon but soon picked up on short-covering prompted by
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    • Article
      Straits tin
      136 4 THE STRAITS tin price In fenanc yesterday fell MS 19 to *1.711 per plcui, on an official offering up slightly by three tonnes to 255 tofcnes. Values fell back following increased supplies of tin concentrates from miners and the overnight easier conditions at the LME, dealers said. Oeneral
      136 words
    • Article
      Gold
      333 4 C THE KILOBAR in Singapore opened *****.00 I lower at 8919,006 and doted > at 8913,063 yesterday. In the loco London mar- ket the metal opened at U*****.20/50 which was the low of the day, and closed at r U*****.90/174.20. Buying support were seen throughi out the day. The
      333 words
    • Article
      Lead
      103 4 LEAD closed the ring In London yesterday with gains of £2 for cash and £1 for Three Months. The market was well maintained on covering against reported Soviet physical inquiry and some further protective buying in front of the day's expiry of the labour contract at a number of
      103 words
    • Article
      Zinc
      85 4 ZINC lost £2.25 for cash knd 13 for Three Months In London yesterday. Values gave further ground under tired long liquidation and stop-loss selling down to £280.50 for Three Months in the absence of fresh physical demand. Sales were 3,100 tonnes. Little change forecast in warehouse stocks this week.
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        665 4 THE FOREX market yesterday showed extreme fluctuations throughout the day for all the major a currencies, and closed with d a general realignment of a currepcles. The local money market was quiet generally, >t although some late covering H drove overnight rates as high as five per cent.
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      • Article
        Minimum lending rates
        51 4 ACBC 7 7 Al«emene Bank 7 Citibank Bangkok Bank 7 H8BC 7 Bank of Aawrica 7 7 Bank of China Bank of Tokyo 7 7 Malayan Banking Milaui Bank 7 BankNefara 7 OCBC OUB •S Chartered Bank 7'n UCB' 7 Chaae Manhattan DBS 7 7 UMBC COB
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      • Article
        Asian $ rates
        121 4 Asian rates 1 ASIAN rata u currency depoett tntertank at clow on Jut 11: U8 (Mlai rt(SpM) 7<Uyi Oflkr BW 7 1/10 1 mUi T11/1# Inthi T»/U Smttu 7S/» 11/2 mths 11/* mUti 7T/» 12 mUii 7 IS/16 («.rn. (MiMtel DK »rte~> 1 BID Imttu 8 mtlu llmthi Im.1 11J/U
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      • Article
        Discount
        48 4 RANGE of prlcw offered br discount ho 1 1 »-l T »-l B sn i 4 u 11/1 ia/4 1 1/4 IM ■c 1 301 dapoMt: 3w* 4 ■art KonUi re*»ury Milt 11/4 Month an* Mitt 4 7/9 3-Month CD 51/* •-Month CD 91/4 1 1 Source:
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      • Article
        Treasury bills tender
        38 4 REBITLTB of tender held yesterday for 91-day Treasury bills to be Issued from Jan 16 to Jan 30: Ofeni: no 000 000 AlViMfcr: Ml. JOO.OOO iimniMi: mit aporoamalelj' 11% higher btd» JZnaT —Hifim; 3.200% pa.
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      • Article
        London
        197 4 THE DOLLAR was again on offer in very thin opening trading yesterday as dealers expressed disappointment over statements by President Carter on Thursday night on the US economy. The mark opened at 2,1160/75 to the dollar compared with 2.1330/1400 overnight while the Swiss franc rose to 1.9700/9730 from 1.9875/9975.
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      • Article
        New York
        125 4 THE DOLLAR on Thursday closed higher on balance after a day of erratic, nervous trading, aided by significant Federal Reserve intervention earlier in the day. Sterling closed at US* 1.9290/ 9340 against Its opening 1.9390/ 9410, after fluctuating between 1.9425 and 1.9200 while the Swiss franc finished at
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      • Article
        Hongkong
        150 4 THE US dollar yesterday closed below Its overnight New York levels against mat Jor currencies but slightly 1 above the day's lowest t levels. Initial reaction to the US/ Japan communique was on > the upside but early sellers of dollars from Europe partially erased the rally. The US
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      • Article
        Tokyo
        123 4 THE DOLLAR for overnight delivery yesterday closed at 240.85 yen, down from a 241.00 opening but up from 240.00 at Thursday's close. No Central Bank intervention was detected, dealers said. Trading was moderate with volume $249 million. Japanese banks bought doluLrs to cover a high level of import settlement
        123 words
      • Article
        Euro $ rates
        140 4 Euro rates LONDON Eurodollar deposit rates held basically steady despite the Increase in US money supply figures with overall trading quiet. Among periods, One and Two Months were adjusted higher because of a Friday end of period. One Month was additionally affected by the holiday on Feb 20, Washington's birthday,
        140 words
      • Article
        Zurich
        60 4 ZURICH exchanges closing' quotes on Jan 12: US I.OOM WW BtC 3 9072-6179 Can 178*0-7*21 D Mk 93 2131-4917 d n nom-MMi r rt 4i.9Sn-m» B FT (eon) 9 019*-« M* D Kf X JWi IIW NKrM 3635-4*60 8 Kr 4.847-WII Ut I BW-2MI Aim act) 13 01*6-4637 port
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      • Article
        Australia/NZ
        39 4 AUSTRALIA/NZ exchanges on Jan 12: AUSTRALIA: US dollar 1 1406/1 1366 Starling 6 9*31/1.9666 Ninety-day air buying rata: starting 0 9075 US OoiLr ***** US Mhr l ine mtW OtALAJfD Starting O.MM.im US dollar 1.9M7/1.0147 US do&r I*4*9
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      • Article
        Frankfurt
        46 4 FRANKFURT exchanges opening quotes mi Jan 13; US 2 1245/65 (2 I*4o/56) Can l trrvtuo Sta 4 096/166 DPI *3"J6/56 8 rr 197 9*/» Ut r430/439 r rr 45 90/13 W Kr 41.06/96 B Pt (eon) 4 4*6/476 B FT (fta) 6.46/46 Taw O.WSg 86*1
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  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      223 4 BUHLER-MIAG PRIVATE LIMITED Office address: 1205,12 th floor. Orchard Towers, 400 Orchard Road, Singapore 9 Mail address: Killiney Road P.O. Box 10 Singapore 9. Telephone: *****61 Telex: RS ***** BUHLSIN. Telegram: DIAGRAMM Singapore BDHirn MIAB Heartiest Congratulations to PRIMA CEYLON LIMITED on their new flour milling plant to be built
      223 words
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  • TRANSPORT
    • Article
      PSA factory complex draws in 90 firms
      490 5  -  BY GOH ENG KEE ABOUT 90 firms have tahen some 40,000 square metres of warehousing and factory space at PSA's new $52 million Multi-Storey Complex. This represents about 35 Pf r cent of the total factory ahd warehousing space of the complex, which
      490 words
    • Article
      Lock icon Swan Hunter bags top order
      105 5 Reuter FOUR bulk-carrier orders from Poland which British shipyard Swan Hunter nearly lost because of an overtime ban will now be built at the yard. British Shipbuilders said the ban was lifted on Thursday. Six weeks ago, British Shipbuilders, the state shipbuilding firm, was ready
      Reuter  -  105 words
    • Article
      Lock icon More cargo flights to Japan quest
      114 5 AP PAN AMERICAN World Airways wants an Increase In cargo flights to Japan on the Pacific route and the opening of passenger flights from Chicago and Houston or Dallas to Tokyo. The Tokyo newspaper Asahl reported yesterday that Pan Am has demanded an increase
      AP  -  114 words
    • Article, Illustration
      Row in Norway raises hopes in local yards
      776 5  -  ■y TERESA LIM NORWAY'B loss may be Singapore's gain. A Norwegian shipowner who finds himself In the midst of a controversy simply because he wants to register his ships in Singapore may now tnlnk twice about building his ships in Norway. Mr.
      776 words
    • Article
      NOL buys two more Freedom ships
      241 5 NEPTUNE Orient Lines yesterday signed a contract with Ishlkawajlma-Harl-ma Heavy Industries (IHI) of Japan, for two Freedom vessels to be delivered in April or May. The two multi-purpose dry cargo ships cost a total of $30 million well below the current market price of
      241 words
    • Article, Illustration
      IN PORT
      374 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Altalr (1300 after La Plata Maru) 38/38 Frotabelra (after Chldambram (Must sail not later than 0530/6 th) 1.2 Frotarlo (2200) 45 Hulda Maersk (D/L) (1200 after Oriental Queen hauls) 33/34. Oolden Olobe (1500 after Kosho Maru and Nedlloyd Karakorum) 0/7 Melru (0600 after
      374 words
    • Article, Illustration
      CPA package to boost revenue
      151 5 CATHAY Pacific Airways hopes to raise this year's revenue from the region by 30 per cent. It hopes to boost general servicing techniques and open up more markets with packaged tours, according to the airline's South-east Asia general manager. Mr. John Olsen. He was speaking
      151 words
    • Article
      Lock icon Pile-up in Tanzania
      107 5 Reuter T AN Z ANI AN Prime Minister Edward Sokdlne has ordered an Immediate Investigation Into the pileup of 57,000 tonnes of cargo which threatens to choke Dar Es Salaam port. A toughly worded government statement, Issued after Mr. Sokdlne had visited the docks, said that action
      Reuter  -  107 words
    • Article
      Lock icon OFF COURSE IN 1980
      96 5 Reuter FRENCH shipowners are expected to invest about IS billion francs (8M billion) in new vessels between now and 1080 compared with earlier forecasts of 23 billion. The head of the French Shipowners Central Committee Pierre de Demandolx said that although the French merchant fleet rose
      Reuter  -  96 words
    • Article
      Lock icon More Lao flights
      58 5 Reuter LAO'S Civil Aviation Department will open more domestic flights for passengers from Jan. 23, the Knaosan Pathet Lao News Agency reported on Thursday. Vientiane will be linkedby two weekly flights each to Bam Neua, XVeng Khouang and Ousomsay. There will also be one weekly flight each
      Reuter  -  58 words
    • Article
      Odessa Ocean Line
      295 5 ODESSA Ocean Line is owned by the Black Sea Shipping Company of the Soviet Union, one of the largest shlpowning establishments In the world. It has a fleet of .over 300 ocean-going dry cargo ships bulk carriers, container ships, reefer vessels and roll on/ roll off (ro-ro)
      295 words
    • Article
      Lock icon South Asian CAFs
      103 5 Reuter THE India, Pakistan and Bangladesh conferences said they are revising the following currency adjustment factors (CAF) from Jan 16: UK eastbound to plus 3 per cent from plus one per cent and UK Westbound to minus 6 per cent from minus 8 per cent. The conferences
      Reuter  -  103 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      598 5 ARRIVALS Q-, service Operator Number Local Time From CAL CI 333 0400 TPE/HKO/KUL CPA CZ003 0145 HKO TMA TL302B 0530 TPE MAS MH682 0810 KCH CAL CI814 1000 HLP OLA OA 980 1030 HLP CPA CX710 1035 HLP THAI T0423 1035 BKK SIA SQ209 1045 HLP OIA
      598 words
    • Article
      London freight market
      150 5 SOVIET chartering agents again played a major part of a freight market displaying generally steady rates In the Western Hemisphere on Thursday. Olenas repeated the firmer rate of U5518.25 (8*42.70) (2,000 tons discharge free) for the Labrador Current to move a 30,000-ton JanuaryFebruary Argentine grain cargo from
      150 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      319 5 Rew from 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 worlrf in 1970 by committing hara-kiri or ritual suicide by disembowelment. One of his last works, Runaway Horses, is now published in
      319 words
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  • Article
    Using shipping conferences as punch-bags
    486 6 SHIPPING CONFERENCES are among the more popular punch-bags for frustrated nationalists. Biases aside, these conferences sometime do come up with the most Illogical injustices. As the Singapore National Shippers' Council (SNBC) described in a New Year message sent out yesterday, the Straits South Africa Shipping
    486 words
  • Article
    Hope for another miracle
    266 6 THE JAPANESE have always seemed a strange people to the eyes of those who come Into contact with them. When Japanese businessmen and tourists go abroad, they keep to themselves. They tend to form their own clubs and to keep rigorously to their own national groupings
    266 words
  • Article, Illustration
    Lock icon Success story of Clarks
    1587 6 NYT IN THE SHADOW of the Glastonbury Tor, the C.J. Clark Bhoe Co looms large among the 8,100 residents of the Somerset town of Street. Though the days when the company sponsored vacations, housing and schools and supplied town power have faded, some 2,500 people work
    NYT  -  1,587 words
  • Article, Illustration
    Lock icon Why the Japanese are so emotional and sentimental
    736 6 AFP A TOKYO physician bu discovered the Japanese brain works differently from the brain of most other peoples. Dr. Tadanoba Tsunodasays this would explain certain typically Japanese characteristics, especially why they are so emotional. A thin, very calm man in his fifties,
    AFP  -  736 words
  • Page 6 Advertisements
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      64 6 WEATHERT WEA THER outlook for Singapore from 6am to noon today: Isolated showers around midday. Report for 24 hours prior to 7.30 pm on Jan 13 at the airport: Maximum Temperature 29.9° C Associated Humidity 73 Minimum Temperature 22.8° C Associated Humidity 98 lows of Sunshine 5.0 Rainfall in Millimetres
      64 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      302 6 TV RADIO SINGAPORE 5 P.M. Opening announcements followed by Sesame Street Saturday Matinee The Jazz Singer Starring Al Jolson, Warner Oland, Eugenie Besserer, May Macavoy. Watery Pork Where is Stockbreedirra heading? Soccer Singapore v. Pahang (English) Sandiwara Sedikit Cahaya Sebelum Gelap (Malay Drama Repeat) Little House on the Prairie Injun
      302 words
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  • Article, Illustration
    Lock icon The sun never sets on the forex market
    1144 7  -  ■y MICHAEL W. MILLICAN AP NEW YORK: David Palmer sat on the wlndowslll puffing English cigarettes and watched the six foreign exchange traders he manages buy and sell millions of dollars in West Oerman marks, Swiss francs and Japanese yen. "What're French
    AP  -  1,144 words
  • Article, Illustration
    Ever-vigilant mosquito men
    558 7  -  By SALMA KHALIK SINGAPORE'S "Mosquito Men" are ever-vigilant a tiny puddle of water on an empty building site could be the perfect breeding spot for a mosquito or other dis-ease-carrying insect and, perhaps a factor even closer to the contractor's heart, could also mean a fine for
    558 words
  • Article
    MAN FINED FOR 'INSECTS' OFFENCES
    94 7 A CONTRACTOR vit yesterday fined a total of $3,000 by a magistrate's court for two offences under the Destruction of Disease-bearing Insects Act. Yeo Chye Ouan pleaded guilty to falling to collect and dispose wa-ter-bearing receptacles st a construction site In Nasslm Hill on Nov
    94 words
  • Article
    STRAWS IN THE WIND
    811 7 YOU WILL HAVE read about that lucky (or unlucky) Filipino couple who mistakenly received a US$l million money order remitted from an American Dank in June last year. In the end, the bank filed a civil suit against them, accusing them of swindling, after they had
    811 words
  • Article
    A consistent borrower
    790 7  -  FOBOM, r i ...on bonds L 4 ■y QUCK PECK LIM COMECON, the group of seven Soviet bloc countries, last year borrowed UBs3 billion (about 817.05 billion) In the Euromarkets. This Is slightly less than the US$3.2 billion borrowed the previous year but Is still remarkable because
    790 words
  • Article
    Letter to the Editor
    143 7 Dear Sir, May I make a suggestion which I think would improve the Business Times? You regularly publish tables of The Best and The Worst shares (Mondays, Page 8) graded by the number of cent* they have risen or fallen, without regard to the starting price
    143 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      223 7 ROPE and UK/IRELAND f?'""' y *> M MhMmm j t ft» j ROYAL DUTCH AIRLINES G2, Mandarin Hotel Arcade 333 Orchard Road Singapore 9. Tel: *****1 Gl6, Kompiefcs Antarabangsa, Jaian Sultan Ismail Kuala Lumpur. West Malaysia. Tel: *****1 F7. Park Hotel Building P.O. Box 1060 Miri, Sarawak, East Malaysia. Tel:
      223 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      48 7 Ib fteourtt moncsT my miND u**s R TO Be in-we ffeescNC£ or r Tnucn*m«Lix>*>^ e»OS.NCSS u*\S tx> rnocH... Bri Stowr: Fmitfc Di cicens i UX»»T Bis»y r,^ BuT t SoJGPR. u»**j we skxx I MRKDS \£U OF «\s F\vi&e*s voeae B*Jsvihg I "«UemseLVes uMiwnve. OF V JOUR UiiPfTtH
      48 words
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  • INTERNATIONAL STOCK MARKET
    • Article
      Hongkong
      361 8 HONOKONO: Share price* recovered yesterday from lows on local and UK buytng Interest near the close to end mixed, dealers said. CUu light eased 20 cents to 19.30 after announcing a 23 cent Interim dividend. Among the blue chips, Hoof Kmc Baak. Jmrdina Math—oa and Wheeleck Mardea were steady
      361 words
    • Article
      Tokyo
      442 8 TOKYO: Share prices closed higher yesterday In active, trading on revived interest in export orientated shares following pause in the yen's advance on the foreign exchange markets, dealers said. The Dow Jones rose 35.00 to close at 5,030.98 with volume of 320 million shares. The New index closed at
      442 words
    • Article
      Sydney
      401 8 SYDNEY: The share market closed firm In moderate trading yesterday, dealers said. However some operators held back waiting to see If there will be some upturn In the US dollar and stock markets next week, they added. BHP gained six cents to A 55.40 and CSR rose three to
      401 words
    • Article
      Manila
      194 8 MANILA: The stock market closed mixed yesterday with mining averages posting slight gains while oils and commercials declined, dealers said. Turnover rose slightly to 3.0« aoinSitf* 30 from Thured *y' s Atlas lost one point but Sat* and Pfcilaz gained one t ?ach and other mining ss increased slightly.
      194 words
    • Article
      Bangkok
      6 8 BANOKOK prices were unavailable yesterday.
      6 words
    • Article
      Amsterdam
      302 8 AM8TERDAM: Share prices were generally easier on Thursday, In-line with Wall Street and the early weakness of the dollar. Internationals were lower led by Uailever, but Heegeveas firmed slightly against the trend. Transport shares were mixed, with Oaam up 1.90 guilders and KLM higher, but KNSM and In the
      302 words
    • Article
      Brussels
      154 8 BRUSSELS: Belflan share prices were mainly Tower in moderate trading on Thursday. Hainaut-Sambre, Elect robe I, L'CB and Cockertil, which announced lower 1977 steel output, rose, while Traction. Reoerve. Union Miniere, Vieilie Montague. Socfin, Solvay and ArM felT In foreign stocks. UK were ttilxed. US. French. Qermans and Dutch
      154 words
    • Article
      Frankfurt
      309 8 FRANKFURT: The market closed mixed after a day of wide movements on Thursday. Hoechit loet 2.40 marks In easier chemicals, while Kaufhof led stores down as much as four marks, but other sectors were steady to firmer. On the bond market, demand was strong for the new federal railway
      309 words
    • Article
      Paris
      318 8 PARIS: Share prices declined on Thursday, with the market influenced by the disagreement on election tactics among members of the ruling coalition and the renewed volatility of currency markets Chemicals, however, were mixed with CM Industrie and Coteile tending firmer. JAN IS Frs CORBEILLE Air-Liquid* B S N Ofmls
      318 words
    • Article
      Milan
      128 8 MILAN: Slocks showed widespread pans In active dealings on Thursday. Aaic, Liquigas, Bastogi. Mooudiion, 9aia Vbcoaa, Plat and Assicurasiaai General! were among Industrial and financial leaders to rise. JAN 11 Urc Ante 124* Anoc Ofn ***** 350 Hutoci 377 416 Centra* 3526 58 Fl«t 1814 24 Firwidrr 71 1
      128 words
    • Article
      Jo'burg
      365 8 JOHANNESBURG: Golds closed higher on Thursday in quiet trading on the higher bullion price. Advances of up to 100 cents were scored by heavyweights while elsewhere, gains ranged from five to 40 cents Financial minings were mostly firmer in line with producers. De Bear* finished five cents up at
      365 words
    • Article
      Zurich
      215 8 ZURICH: Prices declined on Thursday, folio wing the new fall of the dollar, but recovered in places towards the close. The Credit Suisse Index roae 0.1 point to close at 243.2 points Swissair continued lower JAN U Francs Actions Sulsaes IN unch Alusuisae Br 1200 unch Alusutsse Ref uo
      215 words
    • Article
      Toronto
      255 8 TORONTO: Share prices cloaed fractionally lower In busy trading on Thursday. The composite Index, off 0.7, stood at Its Nor 24 low, but oil and rai saw its largest gain since Dec 30 Losses led gains 213 to 187. Closing volume totalled 3,240,996 shares against 3.122,651 shares on Wednesday.
      255 words
    • Article
      New York
      821 8 NEW YORK: A seven-day stock market slump ended on Thursday. The Dow Jones industrial average, up more than six points half-wav through the session, trimmed its gain to finish up about two points. The New York Stock Exchange index gained 0.13. The New York Stock Exchange volume was
      821 words
    • Article
      Indices
      63 8 FINANCIAL TIMES INDUSTRIALS Thursday 4794 Wednesday 497.1 Week Ago 494 5 DOW JONES AVERAGE INDUSTRIALS Thursday 7T8.15 Wednesday 775.90 Week Ago 804 92 LONDON DOLLAR PREMIUM Thursday Wednesday 86V. to 66* H.K. HANG SENG Thursday 384.41 Wednesday 388 39 Week Ago SYDNEY 392 59 INDUSTRIALS Thursday 404.89 Wednesday 406.48
      63 words
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Gem sales hit expected record
      378 8 EUROPEAN COMPANIES FT AS EXPECTED, world sales of rough diamonds marketed by the Central Selling Organisation on behalf of De Beers and other producers hit a new record value last year. They totalled 1.8 billion rand, or US$2.O7 billion compared with the previous year's record
      FT  -  378 words
    • Article
      Lock icon Hainaut-Sambre reports losses
      113 8 Reuter 80CIETE Metallurgiqiie Hainaut-Sambre SA said It made a considerable loss In the first 11 months of 1978, to which should be added heavy financial charges. Turnover dropped 17.3 per cent to 11.5 billion francs at the end of November over the same period of 1978, while
      Reuter  -  113 words
    • Article
      Lock icon VOSPER WINS EGYPTIAN ORDER
      90 8 UK COMPANIES Reuter BRITIBH shipbuilding company Vosper Thornycroft has won a £150 million order from Egypt for naval patrol boats, defence sources said. This follows two other successful British arms sales to West Asia, both to the Arab Organisation for Industrialisation, made up of Baudl Arabia.
      Reuter  -  90 words
    • Article
      Lock icon Harrisons raises Harcros offer
      104 8 Reuter HARRISONS sad CrasMd said it will increase the cask alternative at the otter far Harcros Investment Trust to 82b from 7Sp and the Unas of the share offer will remain unchanged. Hai i leu— and Croefield has parchasod 2.04 million stock units in Harcros at
      Reuter  -  104 words
    • Article
      Lock icon Burmah starts survey
      89 8 Reuter BURMAH OIL said an oil and gas exploration group which it Is leading has started a major seismic survey on 24 blocks offshore Seychelles under an agreement signed on June 30 last year. Burmah. said the sixweek survey Is the first phase of a two-year pro-
      Reuter  -  89 words
    • Article
      Lock icon Swire eyes properties interest
      123 8 ASIAN COMPANIES FT SWIRE Properties is making an offer of HK$B.7O a share in cash for Consolidated Properties and Stores, valuing the company at $93.6 million. The offer follows an announcement In October that discussions were under way which might lead to an offer being made.
      FT  -  123 words
    • Article
      Lock icon Request under study
      77 8 Reuter THE Japan Development Bank said 13 Japanese banks are still considering a request from Japan Line for a three-year moratorium on loans totalling 37 billion yen. The banks denied they had decided to allow the company to suspend repayment of 13.6 billion yen during the 1978
      Reuter  -  77 words
    • Article
      Lock icon Karachi firms get contracts
      58 8 AFP TWO state-run Pakistani construction companies have won contracts totalling UBB2lO million to carry out power and irrigation projects in Saudi Arabia and Iraq, It was officially announced in Karachi on Thursday. Mechanised Construction of Pakistan (MCP) has been awarded a 8137 million contract to build
      AFP  -  58 words
    • Article
      Lock icon Mitsubishi may invest in Chrysler
      161 8 Reuter MITSUBISHI Motor Corp president Tomio Kubo said his company Is studying plans for capital participation in Chrysler Australia Ltd. Mr. Kubo said It Is premature to reveal details, but added the plan is being studied as more than half of the vehicles manufactured by
      Reuter  -  161 words
    • Article
      Lock icon Japanese to build port
      55 8 Reuter THE Japanese Saekl Kensetsu Kogyo Company said It had won a M*BB 8 million order from the Malaysian government to build a port near the West Coast town of Lumut. The project, to be completed by mid-1982, includes dredging and reclamation work as well as
      Reuter  -  55 words
    • Article
      Lock icon Nippon move to reduce expenses
      155 8 Reuter JAPAN'S giant, Nippon Steel Corporation plans to cut by an average of 16 per cent of the salaries of 51 directors and senior executives to reduce corporate expenditure and help combat a steel market slump. This would be followed by an action to cut
      Reuter  -  155 words
    • Article
      Lock icon CRA Broken Hill output rises
      129 8 Reuter AUSTRALIAN Mining and Bmelting Ltd said Its wholly-owned mines at Broken Hill, New South Wales, treated 2.08 million tonnes of ore in 1977, compared with 1.87 million in 1976. The ore produced 213,900 tonnes of kad concentrate (198,200), containing 160,200 tonnes of groes lead
      Reuter  -  129 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      493 8 THE DEBT m TRAP HOW TO SURVIVE THE SLUMP Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most power- ful supra-national government in the world today. This book is abourthe efforts of poor nations to gain some control over their own economies end
      493 words
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  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      520 9 Now with new, foaoer coverage, more executives are going with more interest. Now, Business Times takes on a whole new look and attitude. With new strengths t- greater depth, greater judgement and more exhaustive fact finding. With new, broader coverage on a wider range of subjects relevant to all levels
      520 words
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  • Article
    Transactions in Singapore
    1324 10 BID aad mOm prim officially liatad ud kuiMM la ul reported to Ik Sutk lwfc>Mi —X rf Mnpw» y tot day with the M MflUMr or »trM trtdM M9W| la teuton ka Mi at 1.M6 aaita wl— !!>■ IIl«l I)iiifl|j. All Dm SottlaaMat r—li Bill are 51*4
    1,324 words
  • Article
    In Kuala Lumpur
    1494 10 JIID and offer price* officially isted and buiintu ia and Reported to the Kuala Lampur jStock Exchange yesterday with i it he number of (hare* traded altown in brackets in lota of 1,000 "units unieea otherwiae specified. INDUSTRIALS I Sum (1 3TB). i Aiinemete (2.1(B). < Aleem
    1,494 words
  • Article
    CORPORATE BONDS
    198 10 B O T 8 1/2% IMI (100,000) (IMWB 101*8) B O T 7 S/9% 1964 (IM.OM) (M*B 97*8) B O T Plaatiag 1964 (100,000) (98HB 99*8) LTXBJI962 (100.000)(98*B Lyeaaaia Plaatiag 1983 (100,000) (M*B 96*8) C Itak 8 1/8% 1984 (1M.000) (96*8 9758) DBS CaaearU 6 1/2% IMI (1W.OOO)
    198 words
  • Article
    GOVERNMENT BONDS
    139 10 Rep Spore D Mark 7% 1962 (100,000) (102*B 103*8) Rep Spare 6 1/2% 1993 (100.000) (102*B 103*8) Rep Spare 7 3/4% 1987 (100.000) (M*B 100*8) 4 3/4% 1/9/79 (250.000) (100 908 100.708) 5 1/4% IC/19/79 250.000) (101.MB 101.158) 5 3/4% 1/4/78-86 (250,000) (101 MB) 4 3/4% 16/9/89 (250.000)
    139 words
  • Article
    Unit trusts
    162 10 SINGAPORE UNIT TR18T INCOME BOND UNIT IMtnagm' prim far Jaa It) (Carnal f fee*) The Commerce.... 1.78 189 INCOME BOND 1 09 1.18 The Saving Fund 1.09 1.15 S pore Prof Fund S'pore Security Fund S'pore Invest Fund 0 82 on MARA Bl'MlrUTRA FUND (Maaaam' price* tar Jaa
    162 words
  • Article
    Stock options
    50 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of op- tions traded shown ia brackets. Inchcape (Marcn 52.10) (0.118 0.138) (1) 0.13 U O B (March $3.00) (0.05B) (1)0.07.
    50 words
  • Article
    SHARE INFORMATION SERVICE
    2369 10 I97S Higfc L*w Last Sals +«rOr*. *v DH e'w Vi c Nat P/l Vei C860> HW Day k Lew ncnoNONi INDUSTRIALS IM 204 119 24« M* 206 199 270 422 146 IM 165 St 212 57* 156 140 182 350 81 Aetna Alcom Allied Cboc Bat* Ban
    2,369 words
  • Article
    CHICAGO BOARD OPTIONS
    1195 10 January 12 ON THE Chicago Board Options Exchange, a total of 110,337 contract* were traded compared with 112.M4 on Wednesday. ornoM jam Aft. 4lv «TOca MM MS 1 M IM «M Mbm v« 1 VI I M M M aim m uwma vtrnu> Rot a m A**«
    1,195 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      166 10 COLLECTINQ ORIENTAL fINTICNEJ ra i I I Q v f "W 1 0 y by Judith Moorhouse and Dries Blitz 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
      166 words
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  • Article, Illustration
    Rubber stocks make good headway
    818 11 SINGAPORE RUBBER shares featured buWshly la in otherwise mixed market on the Stock Exchange of Singapore ysrimday. Aorepte turnover was an a moderate level of 2.07 million units compared with Thursday's volume of 2.65 million units while value was also lower at $4.24 million compared
    818 words
  • Article
    Kuala Lumpur generally dull but steadier
    648 11 INTEREST spread to the plantation stocks which moved moderately higher on some buying support yesterday. Rubber shares In particular, were traded during the latter part of the day, amid a generally dull but steadier Kuala Lumpur stock market. Of significance was the strong support
    648 words
  • COMPANY NEWS
    • Article, Illustration
      Associates boost Yeo Hiap Seng profit
      712 11  -  By MANO SABNANI THANKS largely to the boost provided by Its associate company across the causeway, Yeo Hlap Seng Is able to report another year of record earnings. Group pre-tax earnings for the year ended Sept 30, 1977 amounted to $6.97 million, up 39.4
      712 words
    • Article
      Inchcape
      53 11 IN YESTERDAY'S Business Times we carried a brief announcement of the preliminary results of Yeo Hlap Seng. Unfortunately we mistakenly attributed these results to the Inchcape group. Our apologies to the two companies Involved and our thanks to all those readers who spotted the "howler" and were kind enough
      53 words
    • Article
      Chem Ind income slide continues
      439 11  -  •r CHAN BONG SOO PROFITABILITY at Chemical Industries (Far East) continued to be eroded by stiff competition and the concomitant decline In chemical prices. For the six months ended Sept 30, 1977 pre-tax profit feu 31.8 per cent to $751,202, confirming the foreboding which the
      439 words
    • COMPANY MEETINGS
    • Article
      DIVIDENDS ANNOUNCED
      258 11 Ca DM tkc» Use SC tett Sag* It Tta* to* tkifW 21" M. •ftnlfcr OM HMp r*H Kuuxi(ri*u Jta.it a,m mph #*4 Jwf>« Jw II AID II Man MM Kullm tel MA JO DH Curt U»* DBC* Ami ft tm a Hfclu K*M>i r r«* Ur tf >
      258 words
    • Article
      LATEST RESULTS
      59 11 BERJUNTAI Tin Dredging: Company pre-tax profit M 523.04 million ($17.53 million) for the first six months ended Oct 31, 1977. Output of tin concentrate 41,200 plculs (35,750 plculs). Average tin price per plcul $1,599 ($1,193). Tax $14.06 million ($5.30 million), leaving net profit $9.57 million ($12.23 million). Interim
      59 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      139 11 JARDINE Matheson Holdings (S.E.A) Ltd has appointed Dr Lindy Lia and Mr Robert J. Tatlow as directors of the company. Mr. Lin Thai Hin has been made group personnel manager, replacing Mr Simon Yuen who has been seconded to Khlnco (S) Pte Ltd (a Jardlne subsidiary) as
      139 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      356 11 from FEDERAL PUBLICATIONS m ->s m 3 M i no? ;ir---vs; mmlk I 1 N^>m =E Mi < \W\\ I a step-by~step guide An easy to understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger
      356 words
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  • Article
    Lock icon Tokyo surplus to be slashed this year
    1124 12 I SWEEPING REVIEW OF FOREX Reuter UPI current account surplus will be "considerably reduced" In fiscal Vfn, and Japan will make Tall reasonable efforts" to <$t the. surplus further In •seal 1979 and after, aiming U equilibrium with an aceeptable deficit if this
    Reuter; UPI  -  1,124 words
  • Article, Illustration
    Lock icon The door is open to foreign tenders
    525 12 UPI Reuter JAPAN yesterday said It will drastically streamline its procurement policies to provide foreign business greater access to government goods and services contracts. The decision, made at a regular Cabinet session, will improve the bidding system so that more enterprises will be
    UPI; Reuter  -  525 words
  • Article
    Lock icon NIPPON STEEL BOSS TAKES A CUT TOO
    261 12 UPI MORE than 3,000 top and middle level executives of Nippon Steel Corp., the world's largest steel manufacturer, will get pay cuts averaging from 6 to 20 per cerit to tide over the current business recession. The salary reduction will affect about 3,350
    UPI  -  261 words
  • Article
    Lock icon US knowhow offer
    192 12 AP REPRESENTATIVES of iffcarly 40 developing countries were yesterday Offered free access to an expensive American technological data bank that cMild speed up Industrial development in their abdA tries. 'pie only cost would be a pttttable computer terminal In their embassy in Washington or in their capital
    AP  -  192 words
  • Article
    Lock icon Decisions elude rubber council meet in KL
    270 12 Reuter THE International Natural Rubber Council ended a three-day inaugural meeting in Kuala Lumpur without appointing executives or agreeing on operational details for its proposed plan to stabilise natural rubber prices. A statement Issued after the talks said the council, representing Indonesia, Malaysia,
    Reuter  -  270 words
  • Article
    Lock icon Talks to hasten Concorde flights to Australia
    191 12 UPI AUSTRALIAN Transport Minister Peter Nixon will begin negotiations next week to delay extra commercial flights across the Pacific and speed up the introduction of Concorde flights to Australia. He will leave Australia today for a short visit to England, where he is
    UPI  -  191 words
  • Article
    Lock icon 'Ford buyers not told, of defect'
    162 12 UPI THE Federal Trade Commission (PTC) accused Ford Motor yesterday of selling 2.7 minion cars during the past four years without telling buyers about a piston defect that could cause major engine damage. The agency issued a complaint against the carmaker seeking to force
    UPI  -  162 words
  • Article
    Jetro to set up its second office here
    243 12 THE Japan External Trade Organisation (Jetro) plant to sot up a—Mr office la Singapore, Jointly with Japaneee lad ua tries, by October. Jetro'* general —ag» la Singapore, Mr. AkioSuruki, aaM that while an efflcial notification had so tar come frwi ito head
    243 words
  • Article
    Gas pricing compromise
    44 12 PRESIDENT CARTER said a congressional compromise Is likely soon on natural gas prices. "I think the answer is yes, there will be a compromise reached. It will be acceptable to the country and It will come very early in the session."
    44 words
  • Article
    Fewer banks taking part in MISC loan
    461 12  -  •y NÒRJAHAN KARIM in Kuala Lumpur CANADIAN banks arc expected to take a significant portion of the US$140 million loan for the Malaysian International Shipping Corporation managed by Bank of America. Bank Bumlputra is also participating in the loan syndicate. The loan which
    461 words
  • Article
    LDC CREDIT LINE
    80 12 THE SWISS government on Thursday asked Parliament to open a credit line worth 240 million Swiss francs (***** million) for 30 months to developing countries. The government wanted Swiss assistance to represent 0.25 per cent of the country's gross national product In 1900, compared with 0.19 per
    80 words
  • Article
    LONDON STOCKS
    732 12 LONDON, m. The market closed mixed after quiet trading on the last day-of the account. Oovemment stocks continued firm on yield considerations while leading Industrials eased after a steady to firm start. Long-dated government bonds gained up to 1/2 point while shorts were around 1/1 to 1/4 higher.
    732 words
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