The Business Times, 17 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 TUESDAY, JANUARY IT, I*7B 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon No go for project?
      60 1 APF JAKARTA, Mon. A spokesman for the Indonesian Asean Secretariat today left open the possibility of Indonesia abandoning a fertiliser plant project allocated under an agreement with the four other members of Asean. The Philippines was reported to have rejected building a phosphate fertiliser plant because
      APF  -  60 words
    • Article
      Lock icon Dull days ahead
      63 1 AFP MANILA, Mon. President Marcos today predicted a "desultory" trading In sugar In the first six months of this year In view of the sugar surplus in the hands of traditional Importers. Mr. Marcos, however, believed sugar trading would pick up and prices climb as soon as
      AFP  -  63 words
    • Article
      Lock icon Uranium ban lifted
      71 1 AP BRUSSELS, Mon. Canada agreed with the European Common Market today to end a yearold uranium embargo In return for safeguards against the use of Canadian nuclear fuel for weapons. At the same time P.D. Lee, charge d'affaires of the Canadian mission to the Common Market, reported
      AP  -  71 words
    • Article
      Lock icon Andreotti resigns
      64 1 AP ROME, Mon. Premier Olulio Andreotti, announced the resignation of his 17-month-old government today under leftist pressure for communist participation in the government. The fall of Italy's 39th government In 35 years may bring on a political crisis that could take weeks to resolve. Well-informed sources said President
      AP  -  64 words
    • Article
      Lock icon 'Hot line'
      71 1 Reuter MOSCOW, Mon. A new "hot line" went Into service today, linking the Kremlin and the White House by satellite Instead of the less reliable landllne In use for the past 14 years. The new "direct communications link" between the US and Soviet leaders uses a satellite system
      Reuter  -  71 words
    • Article
      Lock icon Dutch cut spending
      87 1 AP THE HAGUE, Mon. The new centre-right Dutch government today announced plans to curb public spending ana continue the previous administration's lorelgn and defence policies. Outlining government policy In a speech to Parliament, Premier Andrtes van Agt said his coalition of Christian Democrats and Liberals will place
      AP  -  87 words
    • Article
      Lock icon PAL's cheap fare
      67 1 AFP MANILA, Mon The Philippine Airlines (PAL) has Introduced a "super-budget fare" involving cheap rates of travel from the United States' west coast and Honolulu to the Philippines, PAL president Roman Cruz Jr. announced today. The new fare, which applies only to US originating traffic, is expected
      AFP  -  67 words
    • Article
      Lock icon Dow Jones
      64 1 UPI NEW YORK, Mon. Stocks headed lower early today amid Investor concern about rising Interest rates and uncertainty about what President Carter would announce In his State-of-the-Unlon and other addresses later this week. The Dow Jones Industrial average was off 3.03 points to 772.70 shortly before 11 a.m.
      UPI  -  64 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      115 1 Rises Most active AIMM 220 ft lTal w pi lm 255 UWPlaatatioa* 21S BiMfawu 197 Bwi—tol 740 Partia Plant 168 ho 230 KaekSaac 192 Satrca 189 BataUataac 163 Glsaeaiy 128 Foils C*C 298 OaaaPlaat 484 Aca* 131 sTrim 640 OCBC 980 Paa Ehctflc 173 +29 10 +7
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    • Article, Illustration
      In Kuala Lumpur
      159 1 Rites Most octive Alcorn 228 D. Keramat 820 Sanyo 310 8.H. Chan 217 Outtule Ropel 176 Kmo(Ord.) 238 N8T 830 Tronoh Mines 870 Foils +34 +15 +10 +7 +8 +8 +8 +8 Pahang Cons 188,000 K L Kepong 140,000 SUne Darby 138,000 Kullm 103,000 Total turnover: 2.20
      159 words
  • Article
    Quotas hem in garment makers
    860 1  -  EEC TALKS CONTINUE By SIVA ARASU LOCAL garment manufacturers and traders will be seriously hurt unless the Trade Department succeeds in getting mote satisfactory quota agreement with the European Economic Community (EEC). The provisional quota agreement reached towards the end of last year (see table)
    860 words
  • Article
    Divest order
    154 1 PRESIDENT Marcos yesterday ordered the divestment of three large companies controlled by Filipino businessman and golfing partner Hermlnlo DUlnl. The Presidential Palace announced that the order came on the heels of a New York Times report claiming Mr. DUlnl had received payments from Westlnghouae Electric A Palace statement
    154 words
  • Article
    BNP's floating rate issue the largest
    713 1  -  •y COLIN CHEE BARELY three months after the first flotation, the Asian dollar bond market yesterday received Its third floating rate US dollar negotiable certificate of deposit Issue. The U5626 million (worth 8656.2S million) Issue, to be floated by the Singapore branch of Banque
    713 words
  • Article
    IBS will open its Seoul branch by end March
    288 1 THE International Bank of Singapore will open its branch in Seoul by end-March. IBS, a partnership of Singapore's Big Four, will be the first and only local bank to date to start a (till branch banking office in South Korea. It
    288 words
  • Article
    Exports of factory made items rise 32pc
    384 1  -  »y JOHN TAN EXPORTS of manufactured articles last November were 32 per cent higher than the similar 1976 month, and this contributed heavily to the 10.8 per cent increase In general cargo exports during the same period. In November, exports of manufactured articles
    384 words
  • Article
    ASEAN AID HINT
    101 1 MALAYSIA has stressed the Med for the Asean-United Statesdlalogue to be more constructive and to lead to ft realisation of Its alms In "practical measures." By "practical measures", it is understood that Malaysia means more investments and other assistance from the US to promote regional economic development
    101 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      37 1 CHANQI COMPLEX Shops A Flats Ideal location •Modam Shop*: Shop* >dMI tor *11 o» busin*** •Luxurious Apart man** flagantly <J**i«na<l FAR EAST REAiJY (PTE.) LTD. 9MB. HoWnaoo Road. Snoapor* Tal *****33 (5 Imaa) SEE PAGE 3 BRIEFS
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      Page 1 Advertisements Column 2
      38 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant iilj HtrißV nnc acEncits pie itd BBUf.t AGENT Rt I iA\Cf 144 H J* LA\ C'if V ALUP Pi'. A T f I J'. ooi,
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      Page 1 Advertisements Column 3
      17 1 IN'SWE MSMOPAD X, OOMWOa TV KADIO 1 t. AfltOAfT aCBDUU VIA' arrow mxva in tub wind t.
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    • Advertisement
      Page 1 Advertisements Column 4
      157 1 [>.». Til -41 I Q APS ELECTRONICS (PRIVATE) LTD fcINOAKJRe'T* SSa»44(SLMM) APS ELECTRONICS (M) SON BHD KUftA LUMPUR T* 03-*****0 ms\ as£dn«BUSIHESS QUdRTER! '*y The Autumn issue Of the ASEAN Business Quarterly includes s 5-page analysis of ASEAN'i urea projects and finds these to be less than viable (12 tables)
      157 words
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  • TRADE AND INDUSTRY
    • Article
      Display to kick off industrial fire safety campaign
      203 2 AN INDUSTRIAL fire safety campaign, organised by the Singapore Fire Brigade, will be held from Jan 19 to Feb 6. The campaign will be launched at the Jurong Fire Station by the Acting Minister for Social Affairs, Dr. Ahmad Mattar on Jan
      203 words
    • Article
      More stringent enforcement of new safety laws
      651 2  -  •y RONNIE LIM THE MINIBTRY of Labour will strictly enforce the additional safety measures which came into force on Jan 1, to cut down accidents in the building Industry. The measures are embodied in the Building Operations and Works of Engineering Construction Regulations,
      651 words
    • Article, Illustration
      Koreans can't resist the lure of Singapore
      233 2 MORE Korean tourists are expected to visit Singapore, as South Korea Improves its foreign exchange position and relaxes travel restrictions. Koreans are attracted to Singapore because of its distinctive culture and comfortable weather, according to Brigadier General Park Hak Sun, vice-pre-sident of the
      233 words
    • Article
      A Burroughs mini that performs like the giants
      334 2 BURROUOHB. a division of Plessey Singapore, is introducing what It calls, a small but powerful general purpose computer system. Called the 880, the system Incorporates the entire range of capabilities that are found in the larger computer systems of Burroughs "we have
      334 words
    • Article
      Toyota tour
      54 2 A FIVE-MEMBER Borneo Motors team has left for Japan on a two-week study tour of the Toyota operations. The team, led by Its Kuala Lumpur branch manager. Mr. Chan Peng Yuen, will be briefed on Toyota's activities and future plans, as well as visit the various factories of
      54 words
    • Article
      Lock icon Philippines probes N-plant contract
      259 2 Reuter PRESIDENT Marcos has ordered a full Investigation of the award of a US$l.l billion (552.5 billion) nuclear power plant contract to Westlnghouse Electric of the US, alleged by the New York Times to have Involved payment to a relative of Mr. Marcos. The Times said
      Reuter  -  259 words
    • Article
      Lock icon China's industries start the year with a gallop
      502 2 AFP CHINA'S Industry was Off to a flying start in the first 10 days of the new year with virtually all branches topping their state targets or setting records, New China News Agency reported yesterday. Two new oilfields went Into production and
      AFP  -  502 words
    • Article
      Lock icon Asian textile sector still creditworthy
      591 2 AFP AN AMERICAN banker yesterday said Asian textile industries were still creditworthy despite their current difficulties. Mr. Piers Brooke, new reEmal manager for Asia of e Chase Manhattan Bank, agreed at a press lunch in Hongkong that throughout Asia and the Far East there had
      AFP  -  591 words
    • Article
      Lock icon Jakarta plans cement exports
      99 2 Reuter INDONESIAN Industry Minister Mohammad Jusuf said the country will be able to export about one million tonnes of cement during the 1978/79 fiscal year. Indonesian cement production will reach 6.38 million tonnes against projected demand of 5.35 million, he said when opening the second factory
      Reuter  -  99 words
    • Article
      MEMO PAD
      169 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER 4-23 Managing Conflict in Thong Teck Bldg. SIM Industrial Relations Th Dl QT 7, 14 The Effective Secretary Thon g Te( k Bldg. SIM 21 9-30 Industrial Application YMCA NPB of Operational Amplifiers palmer Road m Eiwnentso? SSLS?"* 1 NPB Industrial
      169 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      203 2 IBJ The Bank for All Reasons Long-Term Financing. IBJ is Japan's oldest and largest long-term credit bank. We are the leading bank in arranging yen-denominated bond flotations by both foreign and domestic issuers. Main Bank to Japan's Key Industries. IBJ is main bank to more of Japan's industrial leaders than
      203 words
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      Page 2 Advertisements Column 2
      0 2 .|=+\%_;;$}'`->!)"=@*'$`!+~|;@[
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      Page 2 Advertisements Column 3
      20 2 Uir promisr poim beautiful rurnnuj luitl) THE GREEN EYES IMon-Diners Are Welcome S 5/-per drink only Ample Cai Parking Space
      20 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      596 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I Gloomy about things being of doubtful legality (5) 6 Continues doing a knotty Job (5) Part of London that's right on the map (4, 3) 10 She has a slight resemblance to a nymph (5) 11 Looked for gold, possibly, out East (5) 12
      596 words
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  • OVERSEAS
    • Article
      Lock icon Experts challenge jobless figures
      951 3 NYT THE unexpected announcement by the U8 Bureau of Labour Statistics that unemployment dropped sharply last month to 0.4 per cent of the civilian labour force is being challenged as implausible by some of the country's leading economists and manpower experts. The reliability of the new
      NYT  -  951 words
    • Article
      Lock icon Canada eyes S'pore for grain silos
      175 3 Reuter THE Canadian province of Alberta is studying the possible construction of grain silos worth about [K5225 million (Ssll3 million), most probably In Singapore or Hongkong. In an interview with Radio Hongkong, Deputy Premier of Alberta and Minister of Transportation Hugh Horner said, Alberta
      Reuter  -  175 words
    • Article
      Astronaut takes on new task
      89 3 ASTRONAUT James Lovell Jr. who flew two lunar missions and long held the record for most time spent In space, has taken on what he calls a Davld-and Qollath challenge to champion small telecommunications companies against the gigantic American Telephone and Telegraph Co. Now head
      89 words
    • Article
      Lock icon Fed to probe need for tighter policies
      508 3 Reuter THE Federal Reserve Board's Open Market Committee (FOMC) will hold Its monthly meeting today to determine monetary policy for February. Analysts expect considerable debate on the need for more tightening of the money markets. According to Salomon Brothers economist Henry Kaufman, the
      Reuter  -  508 words
    • Article
      Lock icon TESTING TIME AHEAD
      427 3 AP IT WAS a victory for British Prime Minister James Callaghan'a wage-restraint policy when the two-month strike by 40,000 firemen broke up. However graver challenges face his Labour government. The threats come from two sides: From trade unions more militant and experienced than the firemen, and whose
      AP  -  427 words
    • WORLDS IN BRIEF
      • Article
        AFTER QUAKE, IT`S POISON
        309 3 •MORE than 25,000 Japanese 'residents alone the River "Kano in Isu peninsula, hardest-hit by an earthquake on Satuitlay, are now -mclng a threat of cyanide 'poisoning. Police said that Indus* 'trial waste estimated at cu. metres and containing a large amount of sodium cyanide had flowed.
        309 words
    • Article
      Slow growth
      37 3 RECKITT and Colman Australia chairman lan Harper said he expect* a continuation of slow economic growth In Australia this year, assuming external demand for Australian products does not add any extra Impetus to the economy.
      37 words
    • Article
      Lock icon Easing technology curbs on Peking
      224 3 UPI CHINA expert A. Doak Barnett said in the current issue of Newsweek International that the United States should lift its restrictions on sales of militaryrelated technology to China. Mr. Barnett said America should follow a "relaxed policy, as far as restrictions are concerned, on
      UPI  -  224 words
    • Article
      Protest
      49 3 A TWO-HOUR strike by Italian alrtlne pilots, flight assistants and around crews caused cancellations and delays of a number of flights at Italian airports yesterday. The strikes were in protest of disciplinary measures Alitalia Airlines adopted against 400 flight assistants, who disagreed with the company about working hours.
      49 words
    • Article
      Lock icon Policies of White House stifling Wall Street
      207 3 AP TWO laiaatmaat baakara aaid in New York ea Sunday that the attitude* and poiiciea of the Federal admurietratioa are eaatriktiaf to Wall Btreet'a poor perfonaaDce. Mr Peter Pateraoa, (•raer Secretary of Commerce cited eae damponer aa "a new kiad of inflation paychology
      AP  -  207 words
    • Article
      Lock icon Carter to harp on energy in his message
      274 3 AFP PRESIDENT Carter Is likely to stress the Importance of energy as the United States No 1 problem when he delivers his economic State of the Union message tomorrow. Inflation, tax reform and the budget will also be prominent among topics to
      AFP  -  274 words
    • Article
      Lock icon Dollar may bottom out in mid-year
      1186 3 Agencies NEW YORK Balomon Brothers' economist Henry Kaufman said the decline of the US dollar may bottom out in the first half of this year. In a weekend television interview, Mr. Kaufman said the dollar will benefit as demand for U8 exports increases and
      Agencies  -  1,186 words
    • Article
      Lock icon Snap-up of US firms
      559 3 NYT AMERICANS with long memories may recall the good old days when a dollar went a long way almost anywhere HI the world. Today, tne tables are turned. Any major foreign currency Is worth a lot more than it ever was and, as a result, foreigners
      NYT  -  559 words
    • Article
      Lock icon CATCH QUOTA TALKS
      122 3 Reuter COMMON Market fisheries ministers met In Brussels yesterday to discuss new proposals on the allocation of catch quotas in community waters. The council of fishery ministers meeting was chaired by Belgian Agriculture Minister Antolne Humblet. The ministers agreed at their last meeting early last month that
      Reuter  -  122 words
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      Page 3 Advertisements Column 1
      140 3 A luxurious and comfortable split-level Largest Hilltop Garden House in Thomson area GOLDEN HILL PHAXES#Oj«»£W 4A *LII r > M i V u 1 P HILLTOP W r 2-STORf v SPLIT I EVEL SEMI DE TACHED BUNGAIOA i Hill T OP < STORE V SPI IT LE Vf Tf phftr
      140 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      282 4 OPENING prices were unchanged in Singapore yesterday but recovered later to gain half a cent on short-covering demand for nearby from local and upcountry sectors. However, some profittaking emerged to pare the S&A slightly, dealers said. Turnover was small. The morning market finished slightly easier
      282 words
    • Article
      Closing prices
      31 4 Rubber: Jan it Singapore: February 204.50 cenu (down 2.00 casta) Malaysia: February 200.50 casta Him l.SOceata) Tin: |1,700 (Sowa S3) Official offer lag: 295 toaa— (up M ton am)
      31 words
    • Article
      RAS PRICES
      372 4 Prices in cents per kilo yesterday Noon (perkUo) Close (per kilo) Int. 1 R S.S prompt f.o.b. Int. 1 R S S February Int. 1 R.S.S March Int. 2 R S S UK/Cont Int. 3 R.S.S. UK/Cont Int. 4 R.S.S. UK/Cont IM. 5 R.S.S. UK/Cont. Closing tone Easier
      372 words
    • Article
      SSR AND SMR
      107 4 NOON SSR and SMR prices yesterday: RAS February (Current Mth) (Fo. March -ward Mth) Buyer* Seller. Buyer* Seller* (cenuperhf) (cet ■uperhc) SSR 20 11-ton pallet) 196 00 198 00N 197 00 199 00N SSR 50 (1-ton pallet) 194 00 196 00N 195 00 197.00N MRELB SMR5CV (1-ton
      107 words
    • Article
      Hongkong comex
      238 4 BUOAR futures yesterday closed mainly lower after a firm opening In quiet and featureless trading. The market opened 0.02 to 0.06 US cents firmer and eased towards the close on commission house selling dealers said. March and May fell 0.02 and 0.03 cents, respectively, while October rose 0.05
      238 words
    • Article
      SPOT PRICES
      193 4 YARN and cotton In Hongkong dollar*, spot ex-(odown Cotton Yara: China Blue Phoenix 20 s 1.800. 3t's 2.000. 40 1,070 (per bale of 400 lb*). Piece Out: China Butterfly and Globe Brand unq. Dragon Head unq. Five Lambe unq. Plover and Butterfly unq. Plying Geese unq (per piece
      193 words
    • Article
      Cocoa
      100 4 IN LONDON yesterday, the 6.7 per cent rise In the West German fourth quarter 1977 grind helped support terminal cocoa at the opening call although dealings were only 46 lots. Dealers said the grind figures compared with forecasts of about unchanged to 5 per cent lower and counteracted an
      100 words
    • Article
      Produce exchange
      353 4 ALL WAS quiet on the Singapore commodity market yesterday as dealers here continued to experience a dearth of Inquiries from overseas buyers, particularly those in the West. However, prices held generally steady with peppers showing some strength in sympathy with the improved sentiment prevailing in the American and
      353 words
    • Article
      Coffee
      184 4 THE ROBUSTA terminal coffee closed the morning in London yesterday. Steady at £42 to £32 higher. Volume totalled 1,424 lots Including seven options and around 040 lots of cross trades. Spot Jan met good trade house-buying and traded within a nigh low range of £2,009 to £1,978 for a
      184 words
    • Article
      Sugar
      83 4 TERMINAL opening was £0.35 down to £0.25 up from Friday's closing levels and sales totalled 237 lots in London yesterday. Dealers said the market was very quiet on lack of fresh news with light trade selling depressing the nearer positions slightly. The London dally raws price was unchanged at
      83 words
    • Article
      Rice
      208 4 BANGKOK rice prices were quoted as follows yesterday: (Prices in US dollars per tonne fob basis Bangkok) Whitoßfae: 1100 pet Ist class 305.00 r-t 2nd class 350.100 pet 3rd class 345 pet 330. 10 pet 320. 15 pet 317. 20pct 314. 25 pet 312. 35 pet unq. Broken: A-l
      208 words
    • Article
      Straits tin
      87 4 THE BTRAITB tin price In Penang yesterday fell MS3 to $1,700 per plcul, on an official offering up 64 tonnes to 295 tonnes. In LONDON yesterday, tin declined £02 for cash and £80 for Three Months standard. High grade was £62 and £70 down, respectively. Three Months standard
      87 words
    • Article
      Copper
      93 4 COPPER wirebars finished the morning In London yesterday showing losses of mostly £1.50. Frldav afternoon's higher kerb levels were not maintained as moderate liquidation developed from £078 for Three Months on the early pre-market down to £072.50 in the early ring, before steadying under short-covering on the kerb to
      93 words
    • Article
      Silver
      48 4 SILVER registered gains of 4.0 to 4.1 pence In London yesterday. Dealers said the movement reflected rises In New York on Friday and higher gold In the morning. Some fresh buying was reported although trading Interest remained modest, with the turnover of 38 lots boosted by carries.
      48 words
    • Article
      Zinc
      45 4 ZINC fell by mostly £4.75 per tonne In London yesterday. The metal sagged In line with lead as liquidation and some stop-loss selling took Three Months down to £274 per tonne before trade buying cushioned the fall. Sales of 12,100 tonnes were mainly carries.
      45 words
    • Article
      Lock icon Trading is again affected by currency fluctuations
      1063 4 AFP THE COMPLEXITIES of trading in commodities against a background of rapidly changing foreign exchange rates continued last week In London. The renewed weakness of the US dollar brought out more buying of gold, pushing prices to their highest for two and a
      AFP  -  1,063 words
    • Article
      Gold
      215 4 THE KILOBAR In Singapore yesterday opened at 5513,213 and rallied to a high of 5513,257. The market eased In the afternoon to close at 5513,140. In the London market, the metal opened at U*****.00/.30. Some buying support in the morning bldded the metal to a high of U*****,50/.80 In
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    • Article
      Lead
      75 4 LEAD closed the ring with losses of £8 for cash and £8.25 for Three Months In London yesterday. Values gave ground under long llauldatlon and stoploss selling down to £353 In early ring dealings following the tentative agreement on a new labour packed at Asarco's lead/ilnc plants. The lower
      75 words
    • Article
      Commodities common fund
      211 4 ASEAN will set up a joint expert study group with the European Economic Community (EEC) countries to work towards the speedy establishment of the common fund for an Intergrated programme of commodities. Primary Industries Minister Datuk Abdul Talb Mahmud said yesterday this was in pursuance of the
      211 words
    • Article
      Sugar agreement
      97 4 "ftIE International Bugar Organisation (ISO) said that once the current world sugar surplus had been reduced, the new 1977 International Bugar Agreement should stabilise world prices at reasonable Levels. Mr Earnest Jonea-Pafry, IBo's executive director made the statement as his organisation started 1U first council meeting on the
      97 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        592 4 THE US dollar yesterday rallied strongly on the local foreign exchange market, after Saudi Arabia announced that it would continue to accept US dollars as the medium for oil payments. The dollar gained ground agalnpt the yen from an opening of 240.85/05 to 241.50/70, a Jump of almost
        592 words
      • Article
        Minimum lending rates
        52 4 ACBC 7 7 7 r>tiHA»k 7U Bangkok Bank 7 HSRT 7 Bank of America 7 Indofttfi 7 Bank of China 7 Malayan Banking 7 Bank of Tokyo 7 Milaui Bank 7 Bank Nagara OCBC T Chartered Bank 7M IKD 7 Chane Manhattan 7 UMBC 7 DBS 7Vt
        52 words
      • Article
        Asian $ rates
        120 4 Asian rates ASIAN currency «Mt 1 rmtM u tt cIom on An If UIM Mtrttnl Tdajr* 1 nth 2 mUu InUu mUu BUM 12m tin 0«r Tl/U .Tl/4 ..fVI Tt/W .11V1» -.17/9 BH Tl/1« 7l/i 11/4 TT/W ni/M 1V4 T?* Ua. 1 Bttl 1 mtl» ImUu 12 mttu U/l« .1
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      • Article
        Discount
        45 4 HANOI of prlCM houns on Jut It: tfferad by discount Orernlftit >*« C*n deposit I%« Cbahi J-Month Treasury Mils 1 W I 1/1 9-Month Bank txlU 4 15/16 4 11/14 J-Month CD 9 3/8 9 1/4 •-Month CD */4 IU Source: National Discount Co Ltd.
        45 words
      • Article
        Euro $ rates
        75 4 Euro rates AN EASIER trend was recorded yesterday among period deposit rates following the red's intervention In the New York money markets on Prlday aimed at restraining the rise In US interest rates for the immediate future. The Three, Pour and Six Month rates each fell by 1/18 while the
        75 words
      • Article
        London
        262 4 THE DOLLAR yesterday opened firmer In nervous, thin trading as operators continued uncertain over the US unit's direction. Action by the Federal Reserve In New York on Friday, easing money market liquidity and taking pressure off interest rates, has confused participants who expect a stance of squeezing interest rates
        262 words
      • Article
        Hongkong
        186 4 THE US dollar yesterday turned slightly higher In terms of the mark after the statement that Saudi Arabia has no Intention of switching from the dollar for oil payments. Dealers said clarification that Opec Is due to discuss ways of calculating oil prices and not what currency oil payments
        186 words
      • Article
        Eurobonds
        311 4 LONDON straight Eurobonds were steady to firm in quiet to moderate conditions, yesterday. Eurobond prices quoted on Jan 16. Straights Bid Ofwr Shell 8*90 96 75 97.50 SNCF8*64 98.62 97.12 Flat 8 82 95.25 96 00 Hydro Quebec B 92 96.50 97.00 Flsons 8S92 94 00 94.50 Teimex9%64 97.87
        311 words
      • Article
        Frankfurt
        46 4 FRANKFURT exchanges opening quotes on Jan 16: US 2 1115/30 (2.1215/ 35) Cut 1 MM/TOM 81( 4.000/000 D f1 93 43/83 8 »T 107 25/45 Lit 2 410/425 r Fr 44.07/45.06 N Kr 41.20/35 B Pr (eon) 0.400/470 B Pr (tin) 0.40/40 Yen 0 0705/0006
        46 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      169 4 V MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE lof s. s ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide ip the latest developments that have taken ploce in all importont sectors of the economies of counrries in Eost and Southeast Asia.
      169 words
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      Page 4 Advertisements Column 2
      48 4 the smart business women The family is their business They decide which underpants the husbands will wear which bank toilet paper baby products detergent soft drinks toothpaste food soap need They re also th« new product testers ft bargain hunters fo' the family 37% are REDIFFUSION Daily Li»tener»
      48 words
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  • TRANSPORT
    • Article
      Members of Sasar who neglect ITB offer
      480 5 MEMBERS of < the Singapore Association of Shipbuilders and Repairers (Sasar) should take greater pains with training of workers now, so that when demand eventually picks up, they will have the expertise to deliver the goods. Mr. Llm Jit Poh, director of Industrial
      480 words
    • Article
      Panalpina sets up office here
      254 5 PANALPINA, the world's fourth largest freight forwarding company, has set up a liaison office here to channel regional freight forwarding business into Its International network of forwarding facilities. The office Panalpina World Transports) Pte Ltd, was established last Oct 7 and will not serve as
      254 words
    • Article, Illustration
      Good time for AM to change tack
      614 5  -  YARD TO BUILD WORKBOATS "y TSANG SAU YIN AMERICAN Marine, luxury pleasure boat builder and exporter, la gearing itself to move into the workboat market. "It Is the time for us to diversify now. The pleasure boat market is looking very good; we
      614 words
    • Article, Illustration
      Anro Temasek on maiden voyage
      125 5 THE latest Anro Consortium container •hip Anro Temasek (above) sailed into Singapore yesterday moraine on her maiden voyage from Brisbane. This hybrid roll-on, roll-off container ship is capable of fast cargo thus cutting down turnaround time. Lilt-on, lift-off operations can also be carried out simultaneously.
      125 words
    • Article, Illustration
      IN PORT
      332 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Crown Cherry (after Bunga Seroja) 6/7 Dona Montserrat (2100 after Centaur) 44 Ernebank (after Vlshva Karuna Melru) 33/34 Eumaeus (0300) 8/9 Lake Anja (Tanker) (1800 after Palm Sea Horse Si Kal Yun Subject gas free P/O) 15/18 Mtzoram (2300) 48 Montes (after King
      332 words
    • Article
      Lock icon Two new Boeing models planned
      325 5 AP UPI THE BOEING Commercial Airplane Co. in US could kick off two new airplane programmes this year. Company President E.H. Boullioun said world market projections for a proposed new commercial transport, described as a 727-type in the 190-200 passenger category, could number 750 to
      AP; UPI  -  325 words
    • Article
      Overseas Container Limited
      177 5 OVERSEAS Container Limited (OCL), Incorporated in the UK, has been operating contalnership services to and from Singapore since August 1972, as a member of the Trio Group. Trade: Europe/ Far East. Type of service: fully containerised express service. Frequency: weekly, eastbound and westbound. Forts served: Southampton, Hamburg,
      177 words
    • Article
      Lock icon FLOATING AIRPORT MOOTED FOR OSAKA BAY
      277 5 AFP THE Japanese government is to make a. feasibility study on building a floating airport on the Osaka Bay. A special appropriation of 100 million yen (*****,000) for basic survey and research expenses has been included in the next fiscal 1978 budget draft, a
      AFP  -  277 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      628 5 ARRIVALS urn flu Operator No*he I Loci r Tta U w From CAL CPA TMA PAA MAS CAL OIA SIA OIA OIA AI PAL RBA OIA SIA MAS SIA MAS SIA SIA OIA LUFT CAL OIA CPA MAS SIA BA SIA JAL SIA MAS SWR SIA OIA
      628 words
    • Article
      Lock icon Hanoi port project
      170 5 Reuter WORK has started on a new harbour on Hanoi's Red River which will double the capacity of the present port. The Vietnamese News Agency, monitored In Hongkong said the new harbour will have nine piers capable of berthing 3,000tonne ships and will handle 1.3 million tonnes
      Reuter  -  170 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      147 5 1 MOSLERSAFE DEPOSIT BOKES 1,006 units for sale. These are brand new, stainless steel security boxes the latest model from Mosler. The stock consists of 228 units, size 3" x 10", and 778'units,size5" x 10". For more information telephone *****9 Mr. Wong 9FLATTED FACTORY SPACE OF 200 SO. METRES UPWARDS
      147 words
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  • Article
    Lets look forward to more hard hats
    393 6 SOME CONTRACTORS' recent remark* that the Ministry of Labour's latest efforts to ensure greater safety at building worksites through the revised Building Operations and Works of Engineering Construction Regulations, 1977, are mere eye-wash If not properly enforced by the Ministry, reflect as poorly
    393 words
  • Article
    Only Fort Knox can lower gold prices
    347 6 THE PRICE of gold will probably rise to US$2OO an ounce before the end of this year, all things being equal. Most bullion dealers In the international market think so. Such views hinge strongly on the intrinsic weakness of the US dollar. This
    347 words
  • Article, Illustration
    Heir to the taipan tradition
    2421 6  -  ■y JOHN TAN WHEN YOU ARE In charge of a $2-bllllon-plus empire stretching from Hawaii to Africa and also happen to hold something like 50 directorships, 10 government and business appointments, and advise eight social organisations, you have obviously got to be a fast-mover. For
    2,421 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      672 6 sinoapura FORUM gf HOTEL 585 Orchard Road, B'pore 9. Tel: *****2 Pohhlo Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile T&nla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally (except Sunday) open till 2.00 a.m.
      672 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      63 6 WEATHER outlook for Singapore from 6.00 a.rti. to noon today:- Isolated sfioioers around noon. Report for 24 hour* prior to 7.30 pm on Ju 16 at the airport. Maximum Temperature 31.3° C Associated Humidity 65 Minimum Temperature 23.6° C Associated Humidity 100 Hours of Sunshine 7.75 Rainfall in Millimetres nil
      63 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      278 6 TV&RADIO 3.00 P.M. Opening announcements followed by Flying Nun (Repeat) 0 3.30 Diary of Events (English) 3.35 Afternoon Matinee The Four Just Men, Starring Francis L. Sullivan, Hugh Sinclair, Anna Lee (Part 2) 4.15 Intermission 6.05 Opening announcements followed by Really Rosie (Repeat) 0 6.30 News in Brief" 6.35 Big
      278 words
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  • Article, Illustration
    More Marchon products out later this year
    899 7  -  •r SALMA KHALIK THE NEW JOINT venture between United Industrial Corporation (UIC) and Allbright <i Wilson of UK will be marching on to its second phase of production some time In the latter half of this year. The $4.7 million factory In Jurong,
    899 words
  • Article
    Protests through tea-bags
    356 7 A MOUNTAIN of tea bags, some of them maybe from Singapore, Is about to descend on the Washington office of US Senator William Proxmlre, protesting his attitude towards the tax plight of overseas Americans. Thousands of members of Tax Equltv for Americans .Abroad (TEAA) will be mailing
    356 words
  • Article
    Commonsense not enough
    936 7  -  FORUM j r ...OD economics A •y JOHN TAN COMMONSENSE ECONOMICS dictates that Singapore can survive only if it produces and exports more and more. If consumers are going to buy Increasingly Imported products, the only way to pay for them is by exporting a' corresponding value
    936 words
  • Article
    STRAWS IN THE WIND
    809 7 BUSINESS TIMES staff try never to let slip an opportunity for netting a new subscriber to the newspaper our chief sub-editor found a silver lining even In his bad attack of flu this week. While visiting the company doctor, he chatted about the various companies featured
    809 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      402 7 mm W f i 7 I LlljJp mcidco lINOA PO N I Tuflia Circus, S'pore 10. Tel: *****1 Brasserie La Rotonde Have a Swiss Affair with us Brasserie La Rotonde Specialite de Cafe DAMAOA IYhotelA Food fresh from Switzerland Car valets in attendance Newton Road, S'pore 11. Tel: *****1 We've
      402 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Short selling reaches a peak in New York
      909 8 NYT NEW YORK. With short Interest on the New York Stock Exchange hovering at «> an all-time high, lnvest- ment advisers such as Yale Hirsch are beginning to talk of the Slaughtered Six and rightly so. Short selling borrowed stock sold In
      NYT  -  909 words
    • Article
      Lock icon Right tip, wrong stock
      845 8 NYT NEW YORK: Hot tips bits of information that are supposed to come from someone In the know sometimes lead to sizzling market action. But where there Is action. It may not always be In the right stocks, or at the right time. Consider the situation
      NYT  -  845 words
    • Article
      Lock icon Dillingham to close Aussie mineral business at loss
      182 8 AP DILLINGHAM Corp will close its mineral sands mining operations in Australia at a loss of about US$lO.3 million, the company has announced. "After a thorough review of the options available to us, we have concluded that the New South Wales government's
      AP  -  182 words
    • Article
      A and P dividend
      105 8 DIRECTORB of the Great Atlantic and Pacific Tea Co., the second largest US grocery chain, voted to pay a five cent quarterly stock dividend, the company said. The dividend is payable on Feb 15 to stockholders of record on Jan 27. A and P resumed paying
      105 words
    • Article
      Hongkong
      313 8 HONOKONO: The clock market closed firmer across the board In active trading, dealers Mid. Local new buying interest and large orders were noted, they added Among the blue chips. Haag Keag Buk and JtrdfaM Mathesea rose SO each to 16.90 and 11.10 respectively, Haag Keag Laad and 9»<n PaeMelS
      313 words
    • Article
      Lock icon Option income fund offers tax shelter
      594 8 NYT NEW YORK: In recent montha a number of mutual funds have been set up to en>k>lt a feature of the Tax Reform Act of I®7o that makes It possible to sell options on portfolio shares for added fund Income. Now a fund has
      NYT  -  594 words
    • Article
      Lock icon Wall Street profits sharply down
      595 8 NYT NEW YORK: Wall Street s profits dropped sharply last year after two relatively good years, according to a report by the Securities Industry Association. Over the first nine months of 1977, the latest figures available, quarterly profits In the securities industry averaged US$lO9 million
      NYT  -  595 words
    • Article
      Lock icon Budd receives offer from Thyssen
      276 8 AP EUROPE'S largest steelmaker wants to buy the Budd Co., a major supplier to the US car Industry. The steelmaker, Thyaaen AO of Dusseldorf. of West Oermany, has been discussing a merger with Budd for months, Stanley 811berman, an attorney for Thyssen In New York,
      AP  -  276 words
    • Article
      Lock icon LNG talks to begin
      198 8 AFP THE American Pacific Lighting International Company will start negotiations with Indonesian authorities next week on the construction of four liquefied natural gas (LNO) tanks In Arun, North Sumatra. The American company would then ship the LNO to the United States at the rate of 15.5
      AFP  -  198 words
    • Article
      Tokyo
      7 8 TIM Mock market ni cioaed ywunlay.
      7 words
    • Article
      Sydney
      369 8 BYDNKY: The stock market ssnAsuausrss volatile trading, deaiensaldL BHP clossd steady at 9.40 whils Baak ef NSW also closed chwifsd at 9.30 altar rtstng to 9.M earlier. Early bargain hunting spent Its force and prices later eassd on lack or fresh news, they said. In mines Uuk and Csal
      369 words
    • Article
      Manila
      161 8 MANILA: The stock market closed mixed yesterday with commercial average* gaining slightly while mining and oil* declined, dealers aald. Turnover rose to 3.SS million pesos from Trlday's 3.0# million. PtaUsa lost two points while other mining issue* were unchanged. Pfcfl Overseas lost one point while other oil issues were
      161 words
    • Article
      Lock icon US Steel unit expects record shipments
      161 8 Reuter UNITED States Steel Corp said it expects first quarter shipments from its central steel division to be at the highest level since 1974, the last boom steel year. Central division vice president of sales Scott said in a press briefing the activity has
      Reuter  -  161 words
    • Article
      Bangkok
      109 8 JAN M Baftu Asia Fibre 266 -I Bangkok Bank Bangkok Invess XK ♦I Bangkok-Metro-politan Bank Brrll Jurkrr Ctiaroonf Thai Wirp XX Dumn Ouau Thani 111 *X. Faber Merlin First Trust MA 16 Oenera Finance 336 3M Indo-Thai ♦3* Industrial Finance Corp 2145 J And J Ho 372 •3 Jalaprathan
      109 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      323 8 Slow boat lip* > CHINA TRADE QUARTERLY Far East Publications 1913, Hanglung Centra, Patarson Straat, Causeway Bay, Hong Kong. Please enter my full subscription to China Trade Quarterly. I am enclosing a cheque/money order for US$2OO.OO or equivalent in other currencies. I Please forward issue(s). at U5555.00 each. -of China
      323 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Chemical NY sees record earnings
      785 9 NORTH AMERICAN COMPANIES CHEMICAL New York Corporation. parent of .Chemical Bank, has reported 1977 income before -securities transactions of .USslos.s' million, the -highest In the corporation's history and an Increase of 14.2 per cent over the $92.4 million earned last year. ,This was equivalent to
      785 words
    • Article
      General Motors is still optimistic
      294 9 GENERAL Motors President E.M. Estes said the giant car maker was still optimistic about the 1978 model year, but conceded OM "maybe was too cocky" about sales chances of Its scaled-down mid-size cars. The OM president told the Detroit Rotary Club that It was "not
      294 words
    • Article
      Lock icon Garment firm enjoys profit
      117 9 AFP YANGTZEKIANO Garment Manufacturing Co. announced a profit of HK56.394 million for the six months ended Sept 30 last year. In addition, there U a profit on sales of properties amounting to $2,472 million, the company said. Its interim report states that In spite of adverse
      AFP  -  117 words
    • Article
      Lock icon Bradmill against Alameda offer
      305 9 ASIAN COMPANIES Reuter BRADMILL Industries said it strongly advises shareholders to disregard a proposed takeover offer from Alameda Investments since it has received legal advice that Alameda's notice of intent to make the tSlfer does not comply with the requirements of the i Companies Act and
      Reuter  -  305 words
    • Article
      ANZ BANK PLANS ISSUE
      88 9 AUSTRALIA and New Zealand Banking Oroup (ANZ Bank) said it plans a one-for-four share issue, through capitalisation of part of the share premium reserve, to raise Issued capital to 90.13 million Asl par shares from 72.10 million. Books close on March 3. The company expects to
      88 words
    • Article
      Occidental plans notes
      83 9 EUROPEAN COMPANIES OCCIDENTAL International Finance NV said it plans to offer US$5O million of guaranteed notes, due 1983, with an anticipated coupon of 8 1/2 per cent. Guaranteed by parent company Occidental Petroleum Corp the notes will be 9ffered through an International syndicate led by Dean Witter
      83 words
    • Article
      Enel raises credit
      97 9 THE amount of a medium term loan organised for the state electricity utility Enel has been raised to US$2OO million from $100 million originally planned because of its market success, an Enel official said. The loan Is for five years, extendable at the borrower's choice for seven
      97 words
    • Article
      VW capital rise talks
      191 9 THE supervisory board of Volkswagenwerk AO Is likely to discuss VW's planned capital rise and Increased 1977 dividend at its meeting on Jan 26, but it Is not certain a decision will be taken at the meeting, Industry sources said. Volkswagen has already said it is
      191 words
    • Article
      Lock icon Thorn forecasts similar results
      166 9 Reuter THORN Electrical Industries said it expects profit for the year ended March 31 to be similar to the £103.34 million pre-tax, earned In the previous year. Thorn reported a rise In ,pre-tax profit In the first six months ended Sept 30 to £44.1 million from
      Reuter  -  166 words
    • Article
      Morgan Guaranty gains modest
      117 9 THE United States' fifth and sixth largest banks reported only modest profits gains in the fourth quarter. No. 5 ranked Morgan Guaranty Trust said It earned U5563.6 million (I.M a share) from operations In the quarter, a 1.4 per cent gain over the year-ago period's 162.7
      117 words
    • Article
      Lock icon Kennecott unit
      74 9 Reuter KENNECOTT Copper Corp said Carborundum Co became a wholly owned subsidiary of Kennecott following the merger of Carborundum into a Kennecott subsidiary. It said according to the depositary Kennecott acquired through its tender offer 97.3 per cent of Carborundum outstanding common stock. Holders of Carborundum common stock
      Reuter  -  74 words
    • Article
      Royal Bank of Canada
      48 9 ROYAL Bank of Canada Intends to keep Its head office in Montreal, bank president and chief general manager Rowland Frasee told the annual meeting here. Mr Frasee said the bank intends to remain Involved In Quebec as a financial institution and as an employer.
      48 words
    • Article
      Soames joins Nat West
      92 9 SIR Christopher Soames, former vice-president of the Commission of the European Economic Community, Is Joining the board of the National Westminster Bank. The former EEC "Foreign Minister" has been on the board of N.M. Rothschild and Sons Ltd. since last June. Sir Christopher, married to a
      92 words
    • Article
      Leyland has enough
      81 9 BRITISH Leyland will not need any more government money before March, industry secretary Eric Varley said in a written reply to a parliamentary quesMr Varley said the National Enterprise Board, which owns 05 per cent of Leyland, has told him the company recently negotiated short-term fadhues from
      81 words
    • Article
      IBM stock split expected soon
      703 9 WALL Btreet comment has been heard repeatedly In the past that International Business Machines was due for a stock spilt but It has not happened more often than it has. Yet the street Is talking up the Idea again, and a major Investment report suggests
      703 words
    • Article
      Lock icon Reynolds predicts higher income
      338 9 Reuter R.J. REYNOLDS Industries Inc said It expects 1977 net earnings to range between US$B.l5 and $8.25 a fully diluted share, Including a non-recurring gain of $1.07 a share from Its nationalised petroleum operations In Kuwait. In 1876, the company had earnings of $6.89 a fully
      Reuter  -  338 words
    • Article
      Lock icon Singer plans to sell equipment business
      164 9 Reuter BINOER Co., the sewing machine company that once expanded into other fields, said it would drop its Instrumentation business at a cost of US$l2.6 million. In the past two years, Singer has gradually been returning to Its basic business home and Industrial sewing
      Reuter  -  164 words
    • Article
      Brass rod prices cut
      87 9 CENTURY Brass Products said it cut prices on freecutting brass rod and freecutting brass scrap. It cut the price for free cutting brass rod, round, hex and square, to U878.87 cents from 78.82 cents. The price for rectangles and other shapes was lowered to 92.12 cents
      87 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      264 9 n •V #1 its f -A' LJ. hp?*? u The three bosk needs ond the three ports of BritamicQ 3 1. To get at the facts «h» a single fact easily and quickly. without having to read a long article in which that fact is embedded. This need is served
      264 words
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  • Article
    Lock icon Wall Street poised for fresh changes
    918 10 NYT WITH the installation of a new chairman at the American Stock Exchange last week, completing a cycle of changed administrations at Wall Street's three major securities Institutions over the last 18 months, the way may now be paved for some fresh Initiatives to
    NYT  -  918 words
  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1021 10 BID aad aflw prtaaa listed tad hi rapartad to tha Steak Mum at Bto|V*>* jMtoriv wtlk an MterfSiMliiUeiii labiateili te ote rf —Ite SSTSter! dteßaard teak (ia late at MM ualte) ara qaated after tha latton BE. ncnoN oni INDUSTRIALS Aaaa (1.3T8 1.998) (S) I.SI Alcoa (MSB 2.228)
      1,021 words
    • Article
      Government bonds
      104 10 4 9/4% 1/9/79 (290,000) (100.908 100 7061 (4) 100 99 7 1/4% 19/19/79 (290,099) (191.998 191.198) 9 9/4% 1/VT9-99 (299,990) (191.998) 9 9/4% 19/9/99 290,000) (ioa JOB) 4 9/4% 19/9/99 290,000) (99 ***** 508) 9% T P 19/4/91 (299,900) all. SOB) T V M/IM9I (299,999) 8I1.45B) TPIM9 (290,090)
      104 words
  • Article
    Unit trusts
    148 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Msaa—«■' friem far Jaa IT) (Cm ll yr less) The Commerce.... 1.78 188 INCOME BOND 1.00 1.10 The Saving Fund S pore Prot Fund 1J» 1.15 0.6 0 87 MARA BUMIPUTRA FUND S pore Security Fund 1.61 1.71 (M.a—Ml' prim kr Jaa
    148 words
  • Article
    In Kuala Lumpur
    1283 10 "rt h •w-VrttLAL/hTSte JTw —hi aalin ilhai n9ai widftil. mi over mais Aaaa (l.sra l ate) ajtaiaHi (S.ISB) »>■■■ (IMB SJSS) (1) ass ca> m <s> ai« (i) sjs ase <i» ssi <•) iji (I.ITS) Lit (l> ■-a. <aess> iiNti asss) (i> aoa •ate (LOS) Ma aa«
    1,283 words
  • Article
    SHARE INFORMATION SERVICE
    2267 10 irn/im Higk Lew Laet Bale 4-e*» Qr*« DHr Dt* CSr Vi Y*M Net P/E Vei COM) Day »gk Lew BBCnONONK INDUSTRIALS 154 220 116 346 M* 205 IM no 422 146 132 IM J! f. SIS 57* IM 146 183 350 91 Acme Alcom Allied Choc Bat*
    2,267 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      164 10 COLLKTINQ Oriental Antiomej ra I r\U r sTA\ 0 V > >1 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 expensive for
      164 words
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  • Article, Illustration
    Generally quiet
    736 11 SINGAPORE PLANTATION stocks continned to rule from steady to firm in a generally quiet ud barely steady Stock Ex- change of Singapore yeaterwas light aad still confined to about a doaen iseuee in which covering activity was rife. One consolation, however, was the general lack of concerted selling.
    736 words
  • Article
    Kuala Lumpur rules mixed
    559 11 PLANTATION stocks continued to feature actively on the Kuala Lumpur stock market yesterday as carryover interest helped maintain a fairly steady tone here. Following the firmness of last Friday's close, prices of plantation stocks were marked a shade higher at t,he opening bell and tended upwards
    559 words
  • COMPANY NEWS
    • Article
      Stock prices taken to unrealistic heights by speculation
      2331 11  -  •y CHAN BONG SOO SPECULATIVE activity on the Stock Exchange of Singapore last year took quite a number of shares to levels well beyond their intrinsic worth. Investing In them tantamounts to defying logic and good Judgement. Yet there are people still
      2,331 words
    • Article
      DIVIDENDS ANNOUNCED
      313 11 CHIM Is Dal* Date payable Tetalfcr Ike year Tata] for preview year I^kjCu-MPH DaffDrr Ltd M cca Rubber NOw CudC Im| KM KftiAac SKA I —bee Mtlvu Ommm G. Tewa Diapaaaary EL Kadi U.M. FW UhHn Unitad PlaaUOoaa CCM BoqUmtm Ktartt CoMtl(n 8««tk*ra MalayaaTla Dvddmim) MTC C. SMBMm
      313 words
    • Article
      Postal snags can hit KL investors
      498 11 APPARENTLY due to postal services delays, some copies of annual reports and accounts of publicly-quoted companies are reaching Malaysian shareholders and the Kuala Lumpur Stock Exchange much later than anticipated. The irony is that such reports and accounts of Malaysian-based companies find their way
      498 words
    • Article
      Tong Meng shuts factory
      85 11 DEPRESSED trading conditions In the Singapore market has forced Tong Meng to shut down operations at its Singapore branch. Revealing this to the Stock Exchange of Singapore. director Mr. Teh Hong Khiam says operations at its factory site In Jurong ceased last November with the space
      85 words
    • Article
      Hytex talks delayed
      67 11 HYTEX says Its negotiations with an undisclosed Interested party for the takeover of subsidiary Hypak Is delayed because of difficulties In getting the party to agree to take over certain liabilities of Hypak. Disclosing this to the Stock Exchange of Singapore, it also adds that there Is
      67 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      116 11 MR GOH Han Ten* has been named managing director of Pan Malayan Holdings as well as Tat Lee Finance, and executive director of Tat Lee Bank. Mr. Goh has held many director and other K>rts In the Tat Lee Group, e is an official of the Chinese
      116 words
    • Article
      COMPANY MEETINGS
      69 11 The following compart* meetings are due: Chin Teck Plantations Bhd: Jan. 22 at Its regis* tered office, No. 6-2, Jalaft Fatlmah, Batu Pahat) Johore at 10.30 a.m. Wearae Brothers: AQM oW Jan 27, 11.30 am at Raffles Hotel, Singapore Chemical Company of Mylaynia Bhd.: Jan 24 In the
      69 words
    • Article
      Riverview
      24 11 RIVER VIEW Rubber Estates has obtained approval from the Malaysian Capital Issues Committee for Its scrip Issue of one-for--one capitalising M 15.40 million.
      24 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      36 11 A ,*y \V v' r a 4 *YS& -A ;:*:>** js*y > BALLY OF SWITZERLAND <j. \S AVW«(*jjJ 1 -i -> V.''/A 1«k THE LEAEXNG TAILORS 4 STORE HKaH STCEKTRE«OCEAN BULOMG• SUPREME HOUSE GOOOWOOO, HUON, RAFFLES HOTELS COLO STORAGE
      36 words
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  • Article, Illustration
    Ways to enhance the financial sector
    857 12  -  COMPUTERISATION WONT HIT JOBS -.By SOH TIANG KENG THE financial sector 1* Jjplsed for further growth after making rapid strides in the past decade. Between 1968 and 1976, the financial sector output XDcreaaed aoe per cent, making It one of the high filers S«g
    857 words
  • Article, Illustration
    THE WHOLESOME PRESENCE OF INTERNATIONAL BANKS
    478 12 SOME foreign banks here are acting as a catalyst in drawing multinational companies to Singapore. The benefits of their presence here have spilled over to sectors such as manufacturing, tourism, and the property market and has created more Jobs. "This is stated in a
    478 words
  • Article
    LONDON STOCKS
    612 12 LONDON, lion. UK December visible trade deficit poshed some leading industrial* a few pence lower. ICI Unilever, Glaxe and Bee lost between tp and ltfi. Metal Box dropped l6p Among banks loaeee ranged to 3P while oils had BP down 0p •id Shell down to. hekeue after It*
    612 words
  • Article
    Lock icon Hongkong exports 6 pc more
    144 12 AFT HONOKONO S domestic exports In the first 11 months of last year torn by 6.4 par cent to a total value of UBse,s«s million (8514,644 allllon) with the same partod in lflt. Moot notable wart the 9111 mflhon (15J par cant) increases m clothing,
    AFT  -  144 words
  • Article
    Japanese agree to finance Trengganu hydro project
    188 12 JAPAN fceeagreed to pmX hr*M »4s»*h prejo* hJmqMB to lh* M oiia£VthtoEft m Imb, iffir«4 by Prime Mlatetsr Tahee Panda darlag Me visit to Xaale L«bpmr la Aafwt last jw, «m wifl ia m(m exckia|«d kttvHi tke JiMMN tabtiudtr to Malaysia, Mr. Bkfohl
    188 words
  • Article
    Thai rice export
    45 12 THAILAND exported Just under 2.9 million tonne* of USW7O.S million (851.5 billion) Last year. The amount of rice exported increased more than one million tonnes over 1976 the report said, and foreign exchange earnings were 1231.S million more than the previous year.
    45 words
  • Article
    Petronas will play more active part in oil venture
    876 12  -  h KADIR JASIN PETRONAS, Malaysia's state oil corporation, (as revealed that It U In Uw process of Incorporating a Joint-venture, company with the Continental Oil Company (Conoco) to develop oil fields discovered by Conoco off the east coast of Peninsular Malaysia.
    876 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      346 12 a step-by-step guide An easy to understand yet fully rewarding book on flower arrangement Floral Cieations, with its unusually lucici text and thoughtful illustrations, could make an expert flower arranger of even the veriest novice The joy o f this book, however, is that even the most advanced student can
      346 words