The Business Times, 19 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 THURSDAY, JANUARY It, 1978 SO CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Textile jobs lost
      80 1 Reuter FRANKFURT, Wed. The West German Textile Industry Association said the number of workers unemployed In the Industry last month rose to 31,100 from November's 28,700. New orders In November fell a provisional 3.1 per cent below the year-ago after showing a 4.4 per cent decline In
      Reuter  -  80 words
    • Article
      Lock icon Dollar up, franc down
      72 1 AFP. LONDON, Wed. The US dollar continued firming up In early trading today while the French franc was still weak. The weakness of the franc has been linked to an opinion poll showing that 51 per cent of French voters would opt for the left-wing parties
      AFP.  -  72 words
    • Article
      Lock icon Kuwaiti oil output
      32 1 UPI. KUWAIT, Wed. Kuwait may have to Increase Its oil production to meet possible increased market needs following a decision to reduce heavy crude oil prices, government sources said.
      UPI.  -  32 words
    • Article
      Lock icon Freight hikes
      61 1 Reuter. SEOUL, Wed. The Korea Shippers Council has asked the Trans-Pacific Freight Conference and the Atlantic and Gulf Freight Conference to reconsider plans to raise their freight charges by 15 per cent this year. A spokesman said the conferences plan to raise freight rates by 11 per cent
      Reuter.  -  61 words
    • Article
      Lock icon Bonn growth
      70 1 Reuter. WEST BERLIN, Wed. The West German economy is likely to grow by a mere 3 per cent this year, with foreign demand and inventory purchases too low to promote faster expansion, the Berlin Economic Research Institute said. The institute's prediction follows a rise of 2.4 per cent
      Reuter.  -  70 words
    • Article
      Lock icon Steel output fells
      69 1 Reuter. BRUSSELS, Wed. World steel production last year fell by 0.5 per cent to 673.1 million tonnes from 676.5 million in 1976 but was 4.2 per cent above the 645.8 million tonnes recorded in 1975, preliminary figures of the International Iron and Steel Institute indicate. In the
      Reuter.  -  69 words
    • Article
      Lock icon Islands in the sun
      59 1 Reuter. MALE (Maldives), Wed. The beaches of this tiny Indian Ocean state attracted 13,543 tourists last year. Ministry of Transport figures show a hefty rise in the number of visitors to the Maldives since It opened Its doors to the outside world In 1971. The figure
      Reuter.  -  59 words
    • Article
      Lock icon Dow Jones
      82 1 UPI NEW YORK, Wed. Stocks headed broadly higher early today In response to the dollar's recovery on foreign exchanges. Trading was fairly active. The Dow Jones industrial average was ahead 3.03 points to 782.05 shortly before 11 a.m. (1600 GMT). Analysts said bargain hunting was a factor In
      UPI  -  82 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      116 1 Rites Most active Saayo Alcoa Canm Ajrer Hitam Tta Dutch Baby H Royal Auatral Amal Troaob Mlaaa Pahan« Cob* Foils T Harbour Kamayaa YHS FEUviagrtM PMHUfi CCM 330 250 230 m 224 910 123 119 464 565 100 262 170 210 288 150 406 +30 +25 15
      116 words
    • Article, Illustration
      In Kuala Lumpur
      162 1 Rites Most active Fancy Tile l.M Alcorn 2.37 Sanyo 3.36 Supreme Corp 2.32 Benta 2.92 Olympla 1.95 Sentosa 2.25 Chersonese 2.50 Kramat Tin 5.80 Dutch Baby 1.28 Foils M Cement 2.74 NBT 1.88 DBS 3.54 Wearnes 2.28 Malakoff 1.81 +.28 +.25 +.20 +.14 .12 +.11 +.11 +.10
      162 words
  • Article
    MAS damper on rising primes
    772 1  -  INJECTION OP ANOTHER $20M By SOH TIANG KENG IN A MOVE to keep interest rates low and counter the incipient rise in prime rates, the Monetary Authority of Singapore will pump another $20 million into the banking system. Yesterday, MAS announced it will Issue Treasury
    772 words
  • Article
    No choosing for KL insurers
    205 1 ALL GENERAL Insurance companies In Malaysia have been told not to reject any proposal for motor insurance cover, Deputy Finance Minister Rafldah Aziz said today. The companies can no longer "choose only to accept profitable insurance coven," she said. The move in the form of
    205 words
  • Article
    Lock icon DISCOUNT RATE CUT
    60 1 AFP BELGIUM yesterday reduced Its discount rate from 8.5 to 7.5 per cent. It had brought down the rate from 9 per cent on Jan. 4 after raising it from 7 to 9 per cent on Dec. 14. The latest reduction comes on the heel of kn
    AFP  -  60 words
  • Article
    Isonation plans container plant in Jurong
    825 1  -  •y GOH ENG KEE A LOCAL company Is planning to set up a $21 million fully automated plant In Jurong to manufacture general cargo and refrigerated containers using Its own designs. Mr. Larry Brattain, chairman of Isonatlon Shipping, said yesterday that the company, which
    825 words
  • Article
    Lock icon A SEA OF PETROLEUM
    99 1 AFP. NEARLY six million tonnes of petroleum are dumped into the world's oceans every year, according to Soviet experts. Tass said yesterday their research established that oil tanker accidents were the main cause of this pollution, resulting In two million tonnes of toxic material being spilled
    AFP.  -  99 words
  • Article
    Finance clinches $250m tanker order for Sweden
    319 1 A LOCAL shipping company, Nor* Shipping, ku ordered three oil tankers worth about $250 million front the Swedish national shipyards, at Uddevalla, near Gothenburg. Ihese 80,000 tonne vssssls are believed to be specialised product tankers built to carry petrol, kerosene, naptha and BTX
    319 words
  • Article, Illustration
    Four general managers head OCBC divisions
    462 1 SINGAPORE'S largest domestic banking group, the Oversea-Chinese Banking Corporation group, has undergone a management restructaring to give more responsibility to divisional heads. The group has abolished the single position of general manager, formerly held by Mr. Lin Jo Yan, and instead substituted four general
    462 words
  • Page 1 Advertisements
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  • TRADE AND INDUSTRY
    • Article
      Dearth of skills in special insurance
      305 2 LOCAL insurance companies must have qualified people In the field of contractors all risk (CAR) and erectors all risk (EAR) Insurance to expand business In this line. This Is the view of Dr. Herbert Tledemann, engineering consultant of the Swiss Re-Insurance Group, who Is
      305 words
    • Article, Illustration
      LEE WAH BANK IN PENANG
      100 2 THE United Oversees Beak group this week commemorated the opening of its new building. Bangunan Lee Wah Bank (above), in Penang. Mr. Wee Cho Yaw, the chairman, attended the opening together with Mr. Richard Eu, Lee Wah Bank's managing director. The four-storey building houses the
      100 words
    • Article
      Calculator sales rise to $106m
      405 2  -  Br JOHN LIM EXPORTS of calculators from Singapore for the first 10 months of last year were worth $109.9 million compared with $80.5 million for the corresponding 107$ period, an increase of about 18.3 per cent. Last year, 1.4 million calculators were exported compared with
      405 words
    • Article
      NPB attends to small firms
      128 2 THE GROWING response of small and medium enterprises to the National Productivity Board's training programmes and services has encouraged the board to place more emphasis on them In Its first five-year plan (*****1). In the latest Issue of the Its publication. Minima*, It reported that
      128 words
    • Article
      Taiwan call
      24 2 THE Telecommunication Authority of Singapore has announced that the contact number of its operator for International telex calls to Taiwan is "12+".
      24 words
    • Article
      Active role for HK offshoot of Bumiputra
      358 2 BANK Bumiputra's whollyowned subsidiary in Hongkong, Bumiputra Malaysia Finance Ltd. (Hongkong), will concentrate on wholesale banking, its chairman, Enclk Lorraln Osman, said. The finance company hopes to become a "significant participant" In international loan syndication in the region. It has plans to take
      358 words
    • Article
      Knocking on the wrong door of productivity
      250 2 THE general manager of a company here had an idea that productivity could be increased if toilet doors were reduced In sire. The implementation of this scheme, designed to discourage unnecessary visits to the toilet for the purpose of smoking, hiding ana reading
      250 words
    • Article
      Display a fine example of sharing
      153 2 THE US-BEA Telecommunications conference and exhibition at the Hyatt Hotel represent* an experience in sharlnc. said US ambassador John Holdridge yesterday when he officially opened the exhibition. He said: "We have something to share with you. our technology, our expertise and the mistakes which
      153 words
    • Article
      Success of common fund talks crucial
      182 2 THE WORLD but bavo to high price If the next round at negotiations for the eetobllehment of a commoa fund to (laaacf the Integrated Praenuuw for Commodities (IPC) (kite. The failure will further Uptvito the already sensitive relationship between the developed and the developing
      182 words
    • Article
      Three Asean nations keen on Thai rice
      336 2 THREE member countries of Asean are interested in buying a total of 870,000 tonnes of rice from Thailand this year, Mr. Dana! Tulalampha, deputy director-general of the Foreign Trade Department said. The Interest In Thai rice was expressed at the second meeting of
      336 words
    • Article
      MEMO PAD
      167 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Jan 4-23 Managing Conflict In Thong Teck Bldg. SIM Industrial Relations 7,14 The Effective Secretary Thong Teck Bldg. SIM &21 9-30 Industrial Application YMCA NPB of Operational Palmer Road "J.Amplifiers fl S.D. Module in— Hotel Roval NPB Feb 2 Elements of
      167 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      224 2 A BUSINESS TIMES SPECIAL FEATURE BANKING FINANCE IN SINGAPORE The past few years have seen the rapid development on Singapore as a sophisticated financial centre, now, reputedly, the fourth most important In the world. Today there are 50 Commercial Banks, 26 Offshore Banks, 24 Merchant Banks, 42 Foreign Banks Representative
      224 words
    • Advertisement
      Page 2 Advertisements Column 2
      2 2 SEE PAGE
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      602 2 TWO-IN-ONE CROSSWORD 1 (12 33 CRYPTIC PUZZLE ACROSS 4 race* right In certain basins <•» 7 Bvery volunteer u*e> his own (4. 4> As a kitchen tool. It hu no 10 ftemove a slip? (4) 13 Where revolutionary admissions may be made! (4) 14 Twiggy home? (4) 13 Dries a
      602 words
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  • OVERSEAS
    • Article
      Lock icon Europe, US join hands to cut trade curbs
      688 3 UPI. AFP. THE European Common Market on Tuesday has approved a Joint European and American action aimed at cutting tariffs and keeping protectionism at bay. Foreign and foreign trade ministers approved the negotiating mandate for SB European Economic mmunity's central commission at
      UPI.; AFP.  -  688 words
    • Article
      Lock icon INDUSTRIAL INDEX UP
      343 3 Reuter US industrial production rose by a seasonally adJusted 0.2 per cent In December after a revised November Increase of 0.4 per cent. The Federal Reserve Board said Its Index of Industrial production finished the year at 139.0 per cent of Its 1967 average, or 5 per
      Reuter  -  343 words
    • Article
      Objections to clauses in sugar pact
      487 3 THE Soviet Union, the United States, Japan and India, all members of the 1977 International Sugar Agreement, raised a number of objections on Tuesday to the application of certain clauses In the new sugar pact. Most of these objections apply to the application of
      487 words
    • Article
      Lock icon U.S. EXPERTS DISMISS OIL SHORTAGE FEARS
      1400 3 NYT. MA>/y American energy expert* are now challenging the Carter Administration's assertion that the world faces a severe shortage of oli in the 1980s. They contend that oil supplies may remain adequate at least through 1900, reducing the likelihood of another sharp price increase.
      NYT.  -  1,400 words
    • Article
      Lock icon Swiss voice concern over weak dollar
      756 3 Reuter. THE president of the Swiss National Bank, Fritz Leutwller, said In Tokyo yesterday he Is seriously concerned about the weakness of the US dollar, which may cause difficulties to export industries of strong currency countries such as Switzerland. He told the Japanese financial
      Reuter.  -  756 words
    • Article
      Lock icon Lean year for textiles
      659 3 AFP. THE RECESSION In the cotton and allied textile industries of continental Western Europe deepened In the third quarter of 1977. The Quarterly Statistical Review points out in its latest survey that total weight of yarn spun in these industries is estimated to have been about
      AFP.  -  659 words
    • Article
      Lock icon TRADE SURPLUS
      137 3 Reuter. SWITZERLAND had a trade surplus of 491 million francs (***** Billion) in December after a surplus of 152 million in November and a deficit of 134 million francs in December last year. December exports posted a record high for the second month running, the Federal Customs Office
      Reuter.  -  137 words
    • WORLD IN BRIEF
      • Article
        Lock icon PAYMENTS DENIED
        501 3 Agencies WESTINOHOUBE Corp. denied rumours that It had made special payments to secure a 1974 contract for the construction of a nuclear power plant in the Philippines. President Marcos has reportedly ordered a Inquiry that might lead to renegotiation of the contract. THE Aslaa Development Bank plans to
        Agencies  -  501 words
    • Article
      Lock icon Community will ask steel suppliers to lower exports
      219 3 Agencies. EUROPEAN Cemmea Market foreign ministers agreed ea Tuesday to ask steal Nffttwi ft«a out side the Community to cat their exports la prspsrtion with the drop ia its awa production since 1976. Talks are to opea this week with Japan, South
      Agencies.  -  219 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      69 3 MERRILL LYNCH Merrill Lynch International Banking Group. We are pleased to announce the opening on January 3,1978 of Merrill Lynch International (Asia) Co. Singapore Branch for trading Asian Dollar Certificates of Deposit and providing diversified financial services to major corporations, institutions and governmental entities in the Asian region. Merrill Lynch
      69 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      280 4 OPENING prices In Singapore yesterday were marked down following lower London advices and fell further on some stale cull liquidation. Some short-covering was noted at the lower levels and the market rallied slightly. Turnover was small. The afternoon session was slightly steadier on renewed speculative
      280 words
    • Article
      RAS PRICES
      346 4 Prices tn cents per kilo yesterday: Noon Close (per kilo) (per kilo) Int. 1 R.S.S. Int 1 R.S.S Buyers Sellers Buyers Sellers prompt f o b ***** February ***** 201 75N 201.50 202 50 202.50 203 00N 203 00 int. i k.s s March 201 50 201.75 202
      346 words
    • Article
      SSR AND SMR
      102 4 NOON SSR ami SMR prices yesterday: HAS F (Ca •bnuy rreat Mtk) Mutt (Forward Mth) Buym 8cIkn auparkc) Bu>m Sellers (en (emit mk«) SSR 20 (1-ton pallet) 183 50 195.SON 194 SO 196.SON SSR 50 (I-ton pallet) 191.90 193.SON 192 50 194.SON MRELB < SMR5CV (1-ton pallet)
      102 words
    • Article
      Closing prices
      26 4 Rubber: Jaa it Singapore: February 202.50 cenu (unchanged) Malaysia: February 204.25 oente (unchanged) Tine: JI.MI (up 112) Official offering: 2SB tonmm (up 8 loam)
      26 words
    • Article
      Produce exchange
      418 4 PRODUCE dealers In Singapore yesterday spent another idle day in the absence of firm orders from the traditional markets In Europe. America and West Asfcn countries. Most of the Inquiries coming in from these countries had to be turned down because of the differences In price Ideas. Singapore
      418 words
    • Article
      Coffee
      141 4 ROBUSTA futures In* London yesterday opened quiet £3 lower to £20 higher compared with Tuesday's close. Turnover was 81 lots. Dealers reported a light well-matched opening session with trading confined to the first four Months where losses of not more than £3 were noted. Biggest gains were In distant
      141 words
    • Article
      Palm oil
      66 4 C.I.F US dollars per ton. LONDON Tanday Previous Malaysian i% ffa bulk March Sumatra 5% ffa 510/J02i pd 506 Mr Jan Feb March April May June 525/522 H pd 417.SO pd 505/510 pd 530 qtd 530 qtd 515 qtd 490 pd 487S pd 4Mpd 500 pd 495 pd
      66 words
    • Article
      Cocoa
      111 4 TERMINAL cocoa opened £16 to £5 lower, and turnover totalled 281 lots. In London yesterday. Dealers said prices had been expected to open slightly lower based on Tuesday night's New York. However, follow-through selling developed despite easier sterling, which depressed prices further On Tuesday terminal cocoa shragged off any
      111 words
    • Article
      Sugars
      175 4 TERMINAL sugar finished the first call in London yesterday £0.10 to £0.75 uo from Tuesday, about in line or just below that night's improved kerb levels. The London daily raws price was £2 higher at £114, mainly on tone, market sources said. Whites were £1 up at £114, reflecting
      175 words
    • Article
      Hongkong comex
      181 4 SUGAR futures yesterday closed firmer with rains ranging from 0.10 to 0.27 US cents in moderately active trading. The Hongkong dally spot sugar price rose 0.05 to 8.90 US cents. Sueur futures dosing prices Mch St/s! May •W.M I B/H JUr 10 11/30 10.07/10 12 Sep 10J4/3S .0
      181 words
    • Article
      SPOT PRICES
      174 4 YARN and cotton In Hongkong dot tin spot ex-godown Cttu* fan: China Blue Phoenix *>•» I 800. »'i 2.000, 40-1 low (per bale of 400 It*). Plata Gee*: Chin* Butterfly and Olobt Brand unq, Dragon Head una. Pie* Lamb* una Hover and ButterfPattstea Raw Cedea: LBB S OS.
      174 words
    • Article
      Rice
      193 4 BANGKOK rice prices were quoted as follows yesterday: ,<£**£!■ In OS dollar* per tonne fob baal* Bangkok) WWte I°opet l*t clan 3M. 100 Pet JndcM** 350 100 pet 3rd elate 346, Ject 338 10 pet 320. I» pet 317. 30 pet 314, M pet 313. M pet unq A-l
      193 words
    • Article
      Soybean
      53 4 80YBEAN future* finished the session with losses of 25 to 13 U8 cents a bushel but several cents above the day's lows in Chicago on Tuesday. Soybean product futures closed with large losses. Oil prices ranged 0.97 to 0.75 cent a pound down and meal prices 17.30 to t*JO
      53 words
    • Article
      Wheat
      29 4 WHEAT futures In Chicago on Tuesday closed 3/4 to four cents a bushel higher, Just under the day's best levels, alter recovering early losses of about two cents.
      29 words
    • Article
      Copper
      188 4 COPPER was £0.50 up for cash and £1 higher for Three Months in both wire bars and cathodes In London yesterday. Carries accounted for about half wlrsbar turnover of 4.450 tonnes and of the cathode sales of 250 tonnes. On Tuesday, copper wirebars lost £6 for cash and £7
      188 words
    • Article
      Silver
      138 4 BILVER finished with losses °f, 10 pence per troy ounce all round in London yesterday. Sentiment was dampened by the overnight close at New York, lower gold and a relatively low bullion dealers fix. Also, trading interest was at low ebb with only nine lots changing hands. .9" T
      138 words
    • Article
      Straits tin
      121 4 THE STRAITS tin price In Penang yesterday gained MII 2 to $1,691 per plcul, on an official offering up eight tonnes to 258 tonnes. In LONDON yesterday, tin showed gains of around £52 for cash and £57 for Three Months standard metal. High grade was £52 and £60
      121 words
    • Article
      Gold
      326 4 the KILOBAR in at SSlSrlM&nd cloaefffow at 8113.066. in the London market, TT~^JS. tal °P«ned_ at U85f73.30/60. Long liquidation in Hongkong forced price® to decline throughout the day. The maricet closed at a low of U*****.45/.75. The London morning fix was UBf 172.30, down 65 cents from the previous
      326 words
    • Article
      Zinc
      65 4 ZINC ended the morning in London yesterday £0.25 down for cash and £0.50 up for Three Months. Markets sources said the metal lacked fresh feature and values fluctuated narrowly, Influenced by movements In copper and lead. On Tuesday, lead lost £4 all round. Values came under further selling pressure
      65 words
    • Article
      Lead
      70 4 LEAD was £0.25 up for cash and £0.50 down for Three Months In London yesterday. Dealers said the market Mined,initially on some fresh buying interest generated by steadiness in copper and tin. Ring sales of "2,125 tonnes were mainly carries. On Tuesday, rinc closed with cash down £0.25 and
      70 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        421 4 SINGAPORE'S foreign exchange market was quiet yesterday with the US dollar strengthening against most currencies, as central bankers continued to support the US unit. Against the yen, the dollar opened at 241.85/ 95 and gained further to 242.25/ 35 when London opened. The U8 unit also rose against
        421 words
      • Article
        Minimum lending rates
        55 4 ACBC Alftmim But j Bangkok Bank T TH Baak of A—H— 7 Buk af Ckina 7 Bank of Tokyo 7 H8BC 7 ladooua* f Malayan »«.Hw j MiUui Baak 7 Baak Nafara bfaMi 7 oc»c OUB 7 Ckartarad Baak 7U Ckaao Maakatlan 7 DBS TH VCR fv
        55 words
      • Article
        Asian $ rates
        147 4 Asian rates ASIAN currency rate* u at claw < deposit 1 in Jan It: interbank US Da 06he <Uan(8rM Btf I nth* 3 mthi mthi lathi 13 mthi .71/» 6V16 ..73/16 ..1W ..11/4 .714/16 imt 11/1« iint 71/4 1H 73/4 71VU s».m. OWA Dm. iPrian) 1 mtn loUu mUu 11
        147 words
      • Article
        Discount
        47 4 RANQE of prices offend by discount houses on /an It: Oernfcht 2* fa> 3M» CM1 deposit 3 St CWM Brnytm 3-Month 3-1/4 Treasury buis 3-Month Banks bills 4 7/1 3-Month CD 53/1 6-Month CD t-S/4 3-1/1 4 3/4 5 1/4 i-M Source: National Discount Co Ltd.
        47 words
      • Article
        Euro $ rates
        119 4 Euro rates LONDON Eurodollar deposit rates were technically easier yesterday where changed. One to Six Month rates were adjusted up to 3/8 lower because of the Friday dealing technicality while Nine Months and One Year rates showed no change from overnight levels. The overnight eased by 1/10 to 7, 0-7/8
        119 words
      • Article
        Zurich
        52 4 ZURICH exchanges closing quotes on Jan 17: US I MM WU etc j.BM-am Can I.MS]-SIM DiaMMSS-UM D fJ 17 4715-MC2 r Fr 41.M31-42 M 23 B IT I SMS-StS* DKrM3MS-MM N Xr M.4MI-SM7 s xr a mm aan ut ezrn-tm Au« Kt IS.SNS-SMt Port 4.HM-HH Spain 2.MM-413? Aff 0.31-41
        52 words
      • Article
        Treasury bills tender
        40 4 THE Monetary Authority of Singapore Invites banks and discount houses to tender a total of SglA million 91-day Treasury bills to be issued from Jan 23 to Jan 27. Each tender must not be less than 5250.000.
        40 words
      • Article
        London
        147 4 THE DOLLAR opened firmer yesterday against major currencies. Pressure on weaker currencles, especially the French franc, accompanied the harder dollar trend. Sterling also eased against the dollar and forward dollar discounts narrowed which some dealers ascribed to apprehension over UK money supply figures due today. The dollar firmed to
        147 words
      • Article
        New York
        144 4 THE DOLLAR on Tuesday closed stronger against most currencies, although off Its best levels of the day, In fairly quiet, stable trading. Of the major currencies, only the mark gained against the dollar, closing at 47.01/04 cents, compared with Its opening of 46.88/90. Sterling traded In a narrow
        144 words
      • Article
        Hongkong
        85 4 THE US dollar yesterday firmed against all major currencies In thin, nervous trading. The unit firmed to 2.1320/35 marks from 2.1255/70 in New York after trading narrowly in the 2.1295/2.1335 range all day. Sterling eased to U551,0235/40 from $1.0245/00 while the US dollar firmed to 242.05/10 yen from 241.70/
        85 words
      • Article
        Tokyo
        124 4 THE DOLLAR for overnight delivery yesterday closed at 242.10 yen, down from a 242.20 opening but up from 241.70 at Tuesday's close. Trading was moderate with $271 million. After an initial rise reflecting the US unit's relative firmness abroad, the rate moved around 242.00 yen in nervous trading, dealers
        124 words
      • Article
        Eurobonds
        335 4 U8 STRAIGHT dollar bonds were firmer in moderate trading while other bonds were mostly steady to firm in London yesterday. The US bonds were around 1/4 point higher throughout the list, with sentiment aided by strength of the dollar and in moderate professional buying although client activity remained light.
        335 words
      • Article
        Australia/NZ
        34 4 AUBTRAUA/NZ lap on Jan 17: AUSTRALIA 08 Hotter I IMI/11M Sterling tmPimt »i*rnr\f u WJ UB aoumr MM bwyine ru* USdStr 1 im raw *»m fim StartiMTBfTTV.MTI DIAI.MM.MI !SK?SS— 08 dollar l tW
        34 words
      • Article
        Frankfurt
        38 4 FRANKFURT exchanges opening quote* on Jan 11: niuMKtuwm Ou I NWM «4 «.«r/i(n D>i«.7V»»n 8 Ft IN M/M Lit 2 iSX/442 P ft 4i.91/m.tl M Kr 41.SVXI 8 FtCcon) 6.4M/456 a Ft (On) M/n Y«n I MMI
        38 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      365 4 FROM FEDERAL PUBLICATIONS LiM Lit A Mi wr f m m WW m f .V nr. I I r 7 > L W\W L#% III! Kv\! 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,
      365 words
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  • TRANSPORT
    • Article
      Lock icon IMCO clamps down on oil pollution
      349 5 AFP, UPI. STRONGER antl-pollu-tlon regulations concerning the world's oil tankers will be enforced tomorrow. They are Intended to reduce the quantity of oil which may be operationally discharged into the sea, the Inter-govern-mental Maritime Consultative Organisation (IMCO) revealed In London on Tuesday. Introduction of
      AFP,; UPI.  -  349 words
    • Article
      Lock icon Dallas-London route awarded to Braniff
      331 5 UPI, Reuter THE US Civil Aeronautics Board, (CAB), obeying direct orders from President Carter, has said Braniff International instead of Pan American World Airways should have a lucrative new route Unking Dallas and London. The CAB's revised route recommendations, again complying with Mr. Carter's orders,
      UPI,; Reuter  -  331 words
    • Article
      Lock icon MOVE TO SHARE ORDERS
      77 5 AFP JAPAN was reported In Paris to have made new proposals to bring about a fairer sharing of world shipbuilding orders. European shipbuilders regard Japan's present share as excessive and an Organisation for Economic Cooperation and Development (OECD) delegate had said at a meeting on Tuesday
      AFP  -  77 words
    • Article
      Enormous potential in air-broking
      909 5  -  POSITIVE TREND IN INDUSTRY By RAHIM KASSIM THE AIR freight industry In Singapore has been growing well in the past few years and Is expected to do even better In the future. With these expectations, coupled with such a positive trend in the air transport industry,
      909 words
    • Article, Illustration
      New ships for USL v Far East service
      217 5 THE United States Lines (USL) has announced that Its three vessels currently employed on Its Far East feeder service will be replaced by two new vessels the American Mohawk and the American Sioux sometime In April this year. The USL said the
      217 words
    • Article, Illustration
      IN PORT
      343 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge LS 74 (0000 P/O) 16 Cherry Vllja (B. Barge) (after Ocean Supply sails) 48 Eastern Mercury (3ETW) (1500 after Montes Samson) 25/20 Jlangdu (BOYF) (0600 after Dona Montaerrat) 44 Kenlngau (1200) 20 Nlkel Maru No. 5 (JCIT) (0900 after Crown Cherry Must
      343 words
    • Article
      Lock icon Chinese order vessels for undersea oil, gas hunt
      277 5 UPI, AP. CHINA has ordered two ships for undersea oil and sas5 as exploration from apan's Mitsui Shipbuilding Co. The U5514.85 million (SS3S million) order was placed by the China Machinery Import and Export Corporation. The first will be delivered in December,
      UPI,; AP.  -  277 words
    • Article
      Lock icon SLACK TRADING DEPRESSES CHARTERING
      190 5 AP OWING to slack business on major trading routes, chartering was extremely slow. Indian government charterers provided some life, however, In the West Asian chemical markets by covering a 10,500-tonne Jan 18-28 and a 9,000-tonne Feb 3-15 bulk cargo of rock phosphate from Aqaba to west
      AP  -  190 words
    • Article
      Lock icon Toa buys another
      107 5 AP TOA Domestic Airline* ITDA) has purchased a Ja-panese-made YSII twin turboprop passenger plane from PT Bouraq Airlines of Indonesia for use In Japan, bringing TDA's fleet of YSlls to 35. The airline said It already had bought two YSI Is from Varlng Airlines of Brazil and
      AP  -  107 words
    • Article
      P.T. Jayawijaya
      130 5 P. T. JAYAWIJAYA la probably the only line operating between Singapore and West Irian. West Irian had been Importing a lot of heavy lift cargo and construction machinery, for construction and development proej In the country, but this slowed down since the recession. Siagapare agaata: Southwind Shipping. Trade:
      130 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      700 5 ARRIVALS oCrrlCf Operator Number CPA CX003 MAS MH601 MAS MH682 SIA SQlOl MAS MH621 MAS MH607 MAS MH871 OIA OA 980 CPA CX710 SIA SQ103 SIA SQ209 OIA GA944 OIA OA 908 MAS MH0O5 PAL PR501 RBA BI32S OIA GA982 SIA SQ240 SAS SK097 MAS MH684 SIA
      700 words
    • Article
      Lock icon Britten-Norman move
      133 5 AFP. THE British air firm Britten-Norman Is to dismiss one third of Its personnel In the Isle of Wight. A company spokesman said It was "a necessary step If Brltten-Norman (of Bembrldge, Isle of Wight) is to be preserved as a viable business." The Bern bridge factory provides
      AFP.  -  133 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      309 5 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 worlcf in 1970 by committing hara-kiri or ritual suicide by disembowelment. One of his last works. Runaway Horses, is now published in Penguins. Like
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  • Article
    Tale of half a door . . . and more
    600 6 Tale of half a door and more IT WOULD be a great pity and totally wrong for the Impression to gain currency that the general secretary of PIEU and SILO is a union leader whoee prime Interest lies In popularising and sensationalising the Injustices meted out to his members. True
    600 words
  • Article
    Higher prime rates not necessary
    166 6 WITH THE continuing need to finance productive Industry at a rate that makes It worth while Investing, Singapore can do well without the current trend towards higher prime rates being declared by the banks. Moreover there is no apparent need for the local and foreign
    166 words
  • Article
    Last year record underlines importance of Eurodollar
    2362 6  -  By QUEK PECK LIM THE TEAR JUST past will enter the Eurodollar market's record books as another milestone In Its development. Business done reached a new high, with nearly US$6O billion (Ssl4o billion) worth of bonds issued and mediumterm bank credits syndicated. The
    2,362 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      119 6 I 'W """fw i vmivoc 41.W WIOX V r »7 t smoapura FORUM jj HOTEL SM Orchard Road, S'por® 9. Tel: *****2 Experience the unique expression of Tanla Great Sound Big Show You'll love thejlynamlc and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble
      119 words
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      Page 6 Advertisements Column 2
      114 6 406/407 Havelock Road, B'pore 1 Tel: *****1 lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Miss Mareeka (from the Phllllplnes), Miss iLey, Sonny Bala The New Moonglows, and the Ht-Jacks treat you to a lovely evening of great sounds In Just
      114 words
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      Page 6 Advertisements Column 3
      155 6 ORChid inn "aa oaaia In ma ortanr" 214 Dunearn Road, S'pore«ll. Tel: *****2 Mefcy Dick (24 Hr. CoOm Home) 1 Whet your appetite with our wide variety of Inter-Continental food laid on our buffet lunch (able dally from 12.00 3.00 p.m.. Weekdays: Adults 98.00 3% Children $6.00 3% Weekends. Adults
      155 words
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      Page 6 Advertisements Column 4
      169 6 Ctfdtpii B*Ul %n OxWy RW Pnu| Road, B'pore I. Tbl: *****1 ChutklM Reeta uraat Discover Singapore's most exciting new restaurant Taste the most mouth-watering masterpieces of European cooking, prepared from only farm-freshest Ingredients. Sip your choice of great wines and drinks In Chanticleer's unique olden days atmosphere. Make your own
      169 words
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      Page 6 Advertisements Column 5
      128 6 SNGAPOREHDON HI Ofiiiri Rm4, B'paro i Tel: S722SS Top of the Hilton Amrai's Trinidad Cavaliers January 10 31. Amazing sounds from steel drums, flaming limbo dances done at the height of a soft drink bottle. A sensational performance for the whole family. Showtime: 12.45pm Luncheon Show and Caribbean Buffet Adults
      128 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      61 6 WEATHER outlook for Singapore from 6 am to noon today:- Fair Report for 24 hour* prior to 7.30 pm on Jan 18 at the airport. Maxim am Temperature 30.6° C Associated Humidity 73 Minimum Temperature 23.5° C Associated Humidity 100 Hours of Sunshine 6.75 Rainfall in Millimetres 3 Total Rainfall
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      294 6 SINGAPORE 5 3.00 P.M. Opening announcement followed by The Beverly Hillbillies Hotel for Women (Repeat) 0 3.30 Diary of Events (Chinese) 3.35 Eight Heroes (Repeat)" 4.25 Intermission 6.00 P.M. Opening announcements followed by Lassie —Lure of the Wild 0 6.30 News in Brief" 6.35 Warna Warni (Malay Repeat)* 7.00 The
      294 words
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  • Article, Illustration
    Honesty and hard work my advice
    1121 7  -  It Is perhaps a tribute to Mr. Lin Jo Yan, the recently retired general manager of Oversea-Chinese Banking Corporation, that in the wake of his departure the bank has seen fit to appoint not one, but four new general managers however, the bank is
    1,121 words
  • Article
    STRAWS IN THE WIND
    448 7 TWO BRITISH families made a very simple request of the nation this week "Please could you take your mountain back,, please?" They are scared to death because the historic Barrow Mump hill In Somerset, In the shadow of which they •live, has been moving since 1976.
    448 words
  • Article, Illustration
    New men at the helm
    549 7 DR. TONY TAN KENG YAM. age 38, la the youHMt of the four appointed by the OCBC to the rmnk of gsaaral manager. Ho le married with throe children. Hit peroonal motto, to excel la whatever he doee, bo it work or play, see ma
    549 words
  • Article
    Miller has made a good first impression
    983 7  -  •r JAMES RISTON James Retton it a political commentator for the Neva York Timet. THE NEWLY appointed chairman of the Federal Reserve Board, O. William Miller Jr., has been In Washington this week wondering how he got there and "where he's going In
    983 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      488 7 P«tKU (IAAdU^ AIR POT Capacity J#9 ,jtres A LOCAL department store advertised one of its star food* in the local press this week as above. This franchising out of famous names for the design of everything from underwear to toothpicks has got out of hand. Pierre Cardin air pot indeed!
      488 words
    • Advertisement
      Page 7 Advertisements Column 2
      16 7 \i'< >i VSOP CAMUS Distinctively French. Instinctively Superior. Anottar qualty product from i; 'j m m
      16 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      42 7 BristdW: Hii ik UrJtoiS lHCflED\&l£ uiOoeom ,*l*. FWms pax ROUND pflKceit...? "Maac-S PN6U)€R —I*. OOrt£S U*lH ftt vefc i Go n FT =2 rtpMt* >fou so DetißPwrtCD I.ml? I.SUAT nOt\t 3* WW? UHP*r DRIVfcS Nfou 0»4 R»C\ uw€*ae. cone* Tuts ICiUfeU W»STftCT*
      42 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Hongkong
      347 8 HONOKONQ: Share prices closed firmer across the board yesterday with property shares continuing to rise, dealers said. Trading was quiet with prices .casing somewhat near the close «on profit-taking, they added. Among property shares, New •WsrM rose two cents to 138, ■Ck«Mg K*ng traded at 5.30 "against 5.06 bid
      347 words
    • Article
      Tokyo
      469 8 TOKYO: Share prices rose sharply In active trading yesterday following a recovery on Wall Street and the yen'* recent stability against the US dollar, dealers said. The Dow Jones average rose 24.10 to clooe at 5.003.11. with volume of 310 million shares. The New Index was 3T7.31 up 2.05.
      469 words
    • Article
      Sydney
      276 8 SYDNEY: The stock market closed mixed yesterday with banks Irregular, brewers slightly weaker and retailers firmer, dealers said. BHP gained two cents to AJ5.40, and Bank of NSW was unohanged at 5.20. CBC and ANZ firmed while National Bank eased The Sydney All-ordlnarles rose 0.15 to 464 65. JAN
      276 words
    • Article
      Manila
      111 8 MANILA: The stock market closed lower yesterday with all sector averages declining, dealers said. Turnover fell to 1.70 million pesos from Tuesday's 2.50 million. JAN U Pem Acoje Mining 0082 -0 0002 AUuCon A 14 SO +0.2 AtUuCon B Bagulo Oold 0088 ♦0 0002 Benguet Con B 21.70 unch
      111 words
    • Article
      Bangkok
      140 8 JAN 1* Bah is Asia Fibre xn ♦6 Bangkok Bank 305 ♦6 Bangkok Invest 376 +28 Bangkok-Metro-*10 politan Bank -20 Bata Berll Jucker 512 *8 Charoong Thai 330 Wire Dumex Duslt Thanl 316 -S Paber Merlin First Trust 403 17 Genera Finance 367 4-31 Indo-Thal 34# >46 Industrial Finance
      140 words
    • Article
      Amsterdam
      227 8 AMSTERDAM: Share prices closed higher In fairly active trading on Tuesday, aided by the higher dollar, dealers said. Hoogovcns closed unchanged In otherwise firmer Dutch Internationals. JAN IT FU Ahold WOO ♦o.s Akxo 23 80 +0.4 Algbank 323 SO -0 5 AMEV 74.SO +0.2 Amfas W.10 +D.4 Amrot Bank
      227 words
    • Article
      Brussels
      107 8 BRUSSELS Belgian share prices were mixed In moderate trading on Tuesday, bourse sources said. JAN IT rra Aete 260 unch Arbed 2100 100 Aatur «a -6 Braacan 425 V •1 Bru-Lanib 14M -4 Cinptc ♦83 1 Cock 374 14 De Beers 1M -1 Ebe» 2350 +5 Electro bel 6170
      107 words
    • Article
      Frankfurt
      241 8 FRANKFURT: Shares were generally firmer on Tuesday, led by a strong run on bank stocks In very lively trading, bourse sources said. Buying Interest was stimulated mainly by foreign purchases, pushing Deutsche Bank up 8.50 marks and Dreedner and Common both up seven. JAN IT Dm Aef-Telcfunken Akzo AllxLeben
      241 words
    • Article
      Paris
      274 8 PARIS: Shares were lower on Tuesday on March election fears following the latest opinion poll giving slightly Increased support to the opposition, traders said. JAN IT FYs COBBEILLE Alr-Ugulde 290 unch BSNOervals 380 140 -4.1 95 50 -a Dutone C8 F (ThomsonOFrincil* dei Petroles Compt|nl( Financier* Compegnif Oenermle 253.50
      274 words
    • Article
      Milan
      99 8 MILAN: Ttt« market vu mixed In thin trading on Tuesday, dealers said. JAN IT LIT* Ante 125 ♦5 Aiaoc On ***** -240 BulOfl 380 1 Centrals 3475 -19 rut 1872 -23 Fliutder 71 J Oen Lmmofc IFl Pri 2015 -20 Ilalcementl SK10 -270 IlalfU 542 ♦6 IlaUidcr 103 -15
      99 words
    • Article
      Jo'burg
      314 8 JOHANNESBURG: Oolds closed mixed to easier In quiet trading on lower button price Indications on Tuesday, dealers said JAN IT Rand INDUSTRIALS A Alpha lis unch Abcrcocn in •4 AE And CI 230 ♦5 AMIC MO unch Barlows 356 -1 Ct Sugar 700 unch CflA 140 Currte Finance US
      314 words
    • Article
      Zurich
      194 8 ZURICH: Stock prices roee In moderately active trading on Tuesday supported by a more stable currency -market, dealers said. The Credit Suisse Index row 1.3 potot to 247.t. JAN IT Franca Actions Mm 300 ♦1 10 25 uncfi -6 ♦1 unch uacti ♦40 unch -3 AluauSeRag Brown Bovsrl Br.
      194 words
    • Article
      Toronto
      225 8 TORONTO: Share prices closed broadly mixed in busy trading on Tuesday. The Composite Index was up three points but declines outpaced advancing issues 234 to 172. Qold down 17 points, led the seven falling subgroups while pipelines, up almost 10 points, topped the same number of gainers. JAN IT
      225 words
    • Article
      New York
      980 8 NEW YORK: The atock market flnUhtd with a solid gain on Tuesday but the advance appears to have been mostly technical. Trading was moderate. Analysts attributed the upturn primarily to an absence of sellers rather than any aggressive buying. "The downside momentum appears to have diminished and Is
      980 words
    • Article
      INDICES
      63 8 FINANCIAL TIMES INDUSTRIALS Tuesdaj 470.9 Monday 474.2 Week Ago 484 5 DOW JONES AVERAGE INDUSTRIALS Tuesday 779.02 Monday 771.74 Week Ago 781.53 LONDON DOLLAR PREMIUM Tuesday 71% to 72% Monday 89% to 89* H.K. HANG SENG Tuesday 392.37 Monday 389.71 Week Ago 390 18 SYDNEY INDUSTRIALS Tuesday 408.10 Monday
      63 words
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Citicorp profit falls in fourth quarter
      482 8 NORTH AMERICAN COMPANIES Reuter NEW YORK: Citicorp, owner of the second largest US commercial bank, reported lower profits In the fourth quarter and for the year In 1977, due partly to losses from operations In Australia. Citicorp, holding company for Citibank, said its profits
      Reuter  -  482 words
    • Article
      Deutsche Shell loss
      106 8 EUROPEAN COMPANIES DEUTSCHE Shell AO said it made a loss of around 400 million marks from Its oil business last year against a loss of 182 million In this sector In 1976. A company spokesman said the loss per tonne of oil sold rose to around 20
      106 words
    • Article
      Lock icon GEC wins contract
      83 8 AFP BRITISH company OEC Turbine Generators hu won a £32 million Turkey contract from Iran for a 146 megawatt power station, press reports said In Teheran on Tuesday. The plant will be delivered by 1800 and be set up at Abwax in South-west Iran. The boiler will
      AFP  -  83 words
    • Article
      Lock icon Montedison's purchases
      188 8 Reuter. A SPOKESMAN for Montedison SPA said in Milan the company could make no comment on rumours of purchases of its shares by foreign interests. Montedison shares rose sharply on Monday and continued to rise on Tuesday on the rumours. According to some bourse rumours a foreign buyer,
      Reuter.  -  188 words
    • Article
      Lock icon Michelin waiting for Brazilian go-ahead
      131 8 Reuter. ETS Michelin Is awaiting final permission from the Brazilian authorities to build a USt 150 million plant near Rio de Janeiro, a company spokesman said. The plant will employ about 1,500 people to produce steel wire and heavy duty tyres. Meanwhile, production at all
      Reuter.  -  131 words
    • Article
      Lock icon Fisons price hikes approved
      145 8 Reuter. BRITAIN'S Price Commission said It approved increases of up to 20 per cent In the prices of Plsons agrochemical and horticultural products. A company spokesman said the allowed Increases represent 95 per cent of the total rises requested The company's planned increases of up to
      Reuter.  -  145 words
    • Article
      Occidental
      31 8 THE Occidental International Finance NV US$5O million five year Eurobond Issue is expected to be priced around 99 per cent with an 8 1/2 per,cent "coupon, bond market sources said.
      31 words
    • Article
      Lock icon Budd board approves Thyssen offer
      114 8 Reuter. DIRECTORS of Budd Co.. a manufacturer of trans-portation-related equipment, approved a proposal by West Germany's Thyssen AO to acquire Budd by means of a cash merger at a price of US$34 a share. Budd said Thyssen had proposed to acquire Its common shares, and
      Reuter.  -  114 words
    • Article
      ANHEUSER RECORD
      66 8 ANHEUSER BUSCH, the largest US brewer, sold a record 36.6 million barrels of beer last year, topping the previous record of 35.2 million barrels It sold In 1975." Chairman August A. Busch 111 said tne company's low-calorie light beer contributed significantly to the record output. He said Busch
      66 words
    • Article
      Bridgeport prices up
      81 8 NATIONAL Distillers and Chemical Corp said Its Bridgeport Brass Co Is Increasing prices of copper and copper alloy sheet by US3 cents a lb and copper and alloy rod, except free cutting rod. and wire by 2 cents. It is also adjusting Its contained metal values to
      81 words
    • Article
      Matsushita optimistic
      201 8 ASIAN COMPANIES MATSUSHITA Electric Industrial Co. said It expects to report a profit of at least 90.00 billion yen before tax and special Items for the current fiscal year to Nov 29, 1978, compared with 97.68 billion yen Just reported for the last fiscal year. The company also
      201 words
    • Article
      Mitsubishi bond
      77 8 MITSUBISHI Electric Corp said it wIU make a private placement of an 80 million Swiss franc, four per cent, five years and eight months convertible bond with the Union Bank of Switzerland with payment to be completed by Jan 30. The contract was signed In Bwltcerland late last
      77 words
    • Article
      Hambro
      40 8 HAMBRO Australia said It raised its stake in Australian Finance and Securities (AFB) to 1.98 million shares, or 33.1 per cent of AFS's six million A5O colts par share issued capital, from 1.86 million shares or 31.0 per cent.
      40 words
    • Article
      ASAHI
      42 8 ASAHI Olass Co said it signed a contract in Basle for a Pdvate placement of a 70 mflhon Swiss franc five year 4.25 per cent bond at par with Swiss Bank Corp (SBC), with payment to be completed by Jan IS.
      42 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      166 8 MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE m ASIA RESEARCH RILLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that hove token place in oil important sectors of the economies of countries in East and Southeast Asia. The Bulletin is
      166 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      786 9 i f r< fr: <,<■ tu m s. r v VAS «fc -*4 3? I si.* fW sw s,-* vV S»s& ?*2» -J>< aSf «2 *s *4 "-T m. t* ■*Vi>. pm PS v.: :•< AS Q .-■>-* m KV Vfiß n'i s?r «i S3 *a!?R <.y 5r m m
      786 words
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  • Article
    Transactions in Singapore
    1076 10 BID ai aflte priasa aflMafiy listed aai ta.ia.M_ fa. aad MjMtiilte «ha B*aah fctahaafa «aa4a4 afta* tha ■enow owe INDUSTRIALS Aw (1.368 1.408) (4) 1.37 (2) Alaaa (2.518 L82B) (1) 2.M (2) 2.M (1) 2.M (1) IM (1) 2.93 (1) 2.47(1) Iftl (DIM ABM Chaa (1.128 1.138)
    1,076 words
  • Article
    In Kuala Lumpur
    1346 10 BID and offer price* officially lie ted and business la sad reported to the Kuala Lumpur Stock Exchange yeeterday with th» number of aherea traded shoava is brackets in lota of 1,080 uMits uaiees otborwiee specified. INDUSTRIAL# A MM (1.388). AiMMMt* (9.188 1.258). AMom (IMB 2.5T8) (S)
    1,346 words
  • Article
    Stock options
    49 10 STRIKING price, of tha •tock options officially listed on tha Stock Exchance of Singapore, the periods, bid and offer prices and buainaaa done yeatarday. with the nambar of ep- tions traded shows is bracket*. C and C (Jum> t2M) (•.4SB): U O B (March W. 00) (•.MB):
    49 words
  • Article
    Unit trusts
    143 10 SINGAPORE UNIT TBUVT INCOME BONO UNIT INaaafin prka hrJull) (Carnat pa INCOME BOND rises) 1.00 1.10 The Commerce.... i.ti in The Saving fund in 1.14 MABA BUMWTBA FUND S pore Prof Fund 0*1 0M (M.i.gin' petal fcr Jaa l»> S pore Security Fund i.ao i.io 1.01 1.01 First
    143 words
  • Article
    GOVERNMENT BONDS
    106 10 4 8/4% 1/6/78 (290.000) (1M.678 100.708) 7 1/4% 16/16/78 290,000) (101 .MB 101.198) (12) 101.14 6 J/4% 1/V7B-86 250,000) (101 .MB) 6 2/4% 16/6/ M (250.000) (IM.MB) 4 3/4% 16/6/ M (250,000) (M.358) 6 8/4% 1/12/ M (250,000) (IM.MB) 6% T P lft/4/81 (250,000) (101.MB) 8% T F
    106 words
  • Article
    SHARE INFORMATION SERVICE
    2331 10 ltn/im Hl*h Lew Last Bale ♦erChr*a DM DM CSr <*•* ru Net P/t Val (*6661 Law IM 260 116 246 86* 206 166 270 422 146 122 166 66 213 tr 156 146 163 350 61 Acma Alcoa Allied Choc Bata BowMad CkC CCM CKTinc 136 11*
    2,331 words
  • Article
    CHICAGO BOARD OPTIONS
    1248 10 January 17 ON the Chicago Board Options Exchange, a total of 108,306 contracts were traded compared with 102,577 on Monday. OPTION JAM A PL JLY STOCK Akoe Mmm Alee* AlCO* Am Tel Am Tel An Tel Am Tel AUR AUR AUR Avon A*on-P Aeon Aeon Aeao-P Bank
    1,248 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      164 10 COLLCCTINQ ra 1 a* 0 a -a 9 > "S H 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 the
      164 words
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  • Article, Illustration
    Prices move within narrow limits
    731 11 SINGAPORE AGAPWT a gwasraUy^npriees moved within narrow units either way In very quiet trading on the Stock Exchange of Singapore yesterday. With a handful of exceptions, there was a distinct lack of both range and direction. On hnlance the market finished mixed and the general
    731 words
  • Article
    Lacklustre K. Lumpur
    585 11 SPECULATIVE interest in a handful of counters provided some sparkle In an otherwise lacklustre market on the Kuala Lumpur Stock Exchange yesterday. With the bulk of trading shifted from the sound plantation Issues to the more volatile stocks, the market finished on a mixed note. Total turnover
    585 words
  • COMPANY NEWS
    • Article, Illustration
      Alcom looks set forpeak profit this year
      493 11  -  ■y CHAN BONG SOO ALUMINIUM Company of Malaysia, which has Just turned In a 245 per cent Increase in pre-tax profit to M 52.92 million last year, may be heading for record earnings In the current year ending Dec 31, 1978. The 1977
      493 words
    • Article
      Gula Perak report no brighter this time
      612 11 THE AILING sugar growing and refining company, Quia Perak, has released its report and accounts for the year ended March 31,1977 Just as gloomy as before In content and minus again directors' verification of their report and the accompanying statutory declaration. The company,
      612 words
    • Article
      Pahang Cons placed under scrutiny
      209 11 MOVEMENTS in the shares of Pahang Consolidated appear to nave been placed under very close scrutiny since trading; in the share was restored last Monday. I' For, no sooner had the share turned active and volatile. Queries began to be raised by the Kuala Lumfiur
      209 words
    • Article
      Higher output lifts Petaling revenues
      527 11 INCREABED production and higher prices of tin realised has led to a "very satisfactory" net inflow of funds amounting to M 57.9 million for Petaling Tin in the year ended Oct 31, 1977. This is disclosed in the company's annual report by Its new chairman,
      527 words
    • Article
      DIVIDENDS ANNOUNCED
      276 11 Jack Ckia-MPH MDir ssar LmrisnkTIi W>fwtrt>ir LT.Pra MGbM CmadC I>cfc Km Kajaaf BKAUak* Malayaa Ciwal B. Ka til VM.rum Urn It* Cttnat W SH* 7V4* 10H SHITK 50HI 30*1 58 IK* 6 10HI SHITS 12.5H<n) 5*1 sas MI Mx Dal tapt fee toe )ec *C an an toe!
      276 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      106 11 PARKER Hannifin Corp of Cleveland, a manufacturer of full-line Fluldpower components, has appointed Mr Jobs A. Moraa aa International sales manager for the Fluldpower group. He will be responsible for marketing and promotion of Fluldpower group products primarily In the Far East Including Parker Hannifin subsidiaries in
      106 words
    • COMPANY MEETINGS
    • Article
      Magnum Corp replies to KLSE
      427 11 MAGNUM Corporation yesterday produced another terse repiy to the Kuala Lumpur Stock Exchange's request for detailed explanation of Its multiple board changes. Although replying to a KLSE query on why seven directors who resigned on Nov 18 without explanation were reappointed in less than a
      427 words
    • Article
      STP to keep up payout
      239 11 SISTER companies Times Publishing and Straits Times Press (1975) say their dividend rates for the current year will be adjusted to maintain the same payout as at present. The two companies were replying to the Stock Exchange of Singapore's queries on their proposed scrip issues.
      239 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      92 11 Highly professional salesperson An opportunity exists for a person of high calibre to promote SHOWCASE (Singapore's National Export Directory of Products and Services) to manufacturers in Singapore. The successful candidate will be mature, have a good educational background and a proven record of successful selling. Ownership of a car is
      92 words
    • Advertisement
      Page 11 Advertisements Column 2
      126 11 1) EFFECTIVE PERSONNEL MANAGEMENT An in-depth 4-month evening course starting early March. Module I The Concept Scope of Personnel Management II Manpower Planning Employee Recruitment 111 Compensation Benefits IV Industrial Relations V Employee Training Development VI Personnel Guidelines Policies VII Employee Relations VIII Financial Aspects of Personnel Management Participants may
      126 words
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  • Article, Illustration
    Higher housing costs push up price index
    604 12  -  JOHN TAN THE CONSUMER Price Index had risen by 0.4 per cent during the 12 months oX. 1977, but most of the Increase came late in the year average inflation rate for the year was only 3.2 per emit. These inflation rates, high
    604 words
  • Article
    Lock icon JAPANESE THREATEN TO REDUCE TARIFF OFFER
    594 12 Reuter, AP. JAPAN yesterday threatened to reduce an offer of import tariff cuts averaging 42 per cent on 2,830 manufactured goods If the European Economic Community (EEC) insisted on smaller overall reductions. The Ministry of International Trade and Industry (Mltl), only hours after announcing
    Reuter,; AP.  -  594 words
  • Article
    LONDON STOCKS
    707 12 LONDON, Wed. GovernCdfcnt bonds and share prices (gded mainly higher although gold shares declined later. Bonds eased slightly at first, oa the UK November earnings but soon recovered to be vtf to 5/8 higher, dealers said, noting however that activity detlined ahead of tomorrow's U9 money supply figures
    707 words
  • Article, Illustration
    Lock icon Aussie budget deficit likely to exceed $6b target
    208 12 Reuter AUSTRALIAN Treasurer John Howard and Finance Minister Eric Robinson said the government noted indications that the fiscal 1977/78 (July/ June) budget deficit is Ukely to be greater than the bugeted AS2 22 billion (896.9 billion). Hence, It endorsed an economic policy
    Reuter  -  208 words
  • Article
    ITC meet goes on amid the discord
    161 12 THE International Tin Council started a crucial four-day meeting In London on Tuesday amid mounting discord. Bolivia, a major producing country, Is seemingly adamant about a sizeable increase In the price range within the current agreement and consumers appear equally opposed to any
    161 words
  • Article
    System with promise of fast jackpot
    651 12  -  »r COLIN CHEE A RATHER interesting company has been formed In Singapore that will appeal to people who like to set rich quick, who ilka to have fun, who are a little lazy, and who are perhaps a lltUe naive too. Jackpot System International,
    651 words
  • Article
    A pointer to UOF going public soon
    302 12 MR. RICHARD C. K. NO, a director and vice-president of United Chase Merchant Banker*, ha* been appointed manager of United Overseas Finance (UOF). He has taken over from Mr. T.C. Chen. UOF Is the United Overseas Bank group's principal finance subsidiary following the
    302 words
  • Article
    NEWSPRINT TO RISE
    143 12 THE luM cost of mwiprint in Singapore will soon bo moving significantly high*. behind the wring rises arc the 4nUmi of four major Canadian manufacturer* to raise their prices by htain UBJIS aad tit (BSU and 147) a abort too. These increases will set a new price
    143 words
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      261 12 w '•J? •V ill t •v. Hi --"i* The three bosk needs and the three parts of Britannico 3 1. To get at Mm facts oft* a wngU fact astty and quickly, without having to raad a long article in which that fact is embedded. This naad is sarvad by
      261 words