The Business Times, 24 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 24, 1»78 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Dharsono dismissed
      70 1 AP JAKARTA, Mon. The Indonesian government has dismissed Lt. Oen. Hartono Dharsono, secretary-general of Asean, because of his alleged opposition to President Suharto's policy, Informed military sources said today. Oen. Dharsono. one of Mr. Suharto's close allies In the period before the downfall of former President Sukarno,, was
      AP  -  70 words
    • Article
      Lock icon Anti-dumping duties
      81 1 AP BRUSSELS, Mon. The European Economic Community has decided to slap Immediate antidumping duties on six steel products imported from seven countries, including Japan. The products and countries Involved are: galvanised sheets (from Spain and Poland), hbt rolled sheets other than electrical of 2mm or more (Bulgaria, Japan
      AP  -  81 words
    • Article
      Lock icon One more voice
      53 1 Reuter GENEVA, Mon. The United States today Joined Japan In urging that long-running negotiations to free the flow of world trade be completed by the middle of this year. The US also offered major non-communist trading nations an average 40 per cent cut In Import tariffs and
      Reuter  -  53 words
    • Article
      Lock icon Thai diesel projects
      48 1 Reuter BANGKOK, Mon. The Thai Board of Investment has approved two projects for manufacturing dlesel engines submitted by Thai subsidiaries of Japanese and a Korean company. The Japanese will manufacture engines between 60 and 160 horsepower while the Koreans between 5 and 36 hp. Reuter.
      Reuter  -  48 words
    • Article
      FAS Orient expands
      49 1 FAS Orient Is to expand Its operations In Singapore by setting up a 912 million plant which will be ready by August. It will manufacture high technology components for helicopters and build more orthe latter to help reduce the backlog of orders at Its US parent.
      49 words
    • Article
      Lock icon Sources of fund
      73 1 AFP MANILA, Mon. Philippine experts have urgea Asean to tap merchant banks as possible sources of financing In view of Its massive capital needs for development. The Philippine committee on economic affairs of the Asean Chamber of Commerce and Industry (Asean-CCI) said In a paper published here
      AFP  -  73 words
    • Article
      Lock icon Kriangsak's dates
      62 1 Reuter KUALA LUMPUR, Mon. Thai Prime Minister General Krlangsak Chamanand will begin his scheduled tour of Asean countries with a threeday visit to Indonesia starting Feb 17. A Thai embassy spokesman here gave the following tentative dates: Indonesia from Feb 17 to 19, the Philippines Feb 20 to
      Reuter  -  62 words
    • Article
      Lock icon Dow Jones
      56 1 UPI NEW YORK, Mon. Stocks struggled for direction early today as Investors pondered President Carter's budget, economic programme and tax proposals. Trading was sluggish. The Dow Jones Industrial average was off 2.34 KU to 774.00 shortly before lia.m. of the 1,294 is crossing the tape, 471 declined, 384
      UPI  -  56 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      124 1 Rites Most active Faber Merlin 90 V, +28* Faber Merlin 1.528.000 Dutch Baby 140 12 Slme Darby 205.000 SEAL 125 11 Olympla 137,000 Carlsberf 400 10 Sigma Metal 99.000 M Flour CAC 326 274 +8 +8 Total Turnover: 3.49 M Tu Cbong 257 +7 Total Value: S
      124 words
    • Article, Illustration
      In Kuala Lumpur
      172 1 Rises Most active Cait le field 8.00 +.40 F&t>er Merlin 823.000 Sovran 1.22 .10 Supreme Corp. 574,000 8. Lumber 1.28 .10 F. Cables 289.000 F. Merlin 0.02 +.00 A.P.I. 182.000 MBS 3.00 .08 Total Turnover: 4.18 M SI me Darby Mega 3.52 0.08 .08 .07 Total Value:
      172 words
  • Article
    A strong foothold in KL banking
    923 1  -  OCBC LEADS THE PACK By JOHN TAN SINGAPORE banks have a very substantial stake In the finances of Malaysia. Together with subsidiaries, they control over 14 per cent of total commercial banking assets In Malaysia and nearly 12 per cent of all finance company
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  • Article
    Rights issue by Shangri-La
    539 1  -  h MANO SABNANI AS foreshadowed by the recent Increase In Its authorised capital. Shangri-La Hotel has announced a rights issue of one-for-four at $2.40 per share. The offer's intrinsic attraction is that the new shares will rank for the first and final dividend of 15 per
    539 words
  • Article
    Sime engineers another buy costing HK$14m
    236 1 SIME Darby Holdings is back on the acquisition trail, this time to widen its sphere of activity In the engineering field. Sime said yesterday that its 73-per-cent owned subeidisj-y, China Engineers Holding* has acquired a 95 per cent stake in two Hongkong engineering companies
    236 words
  • Article, Illustration
    Top finance centre in the making says KDB
    487 1  -  ®y COLIN CHEK SINGAPORE Is developing gradually into a significant and formidable capital centre of international standing, and increasingly It will find itself acting as an Intermediary between lenders in the West and West Asia, and Far Eastern borrowers. This was one
    487 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      29 1 p MAF A. A lending hand when l 2 Wayfoong Mortgage JvU and Finance (Singapore) Limited ll llK)Sl Shaw House. Ground Floor. 354 Orchard Road. Singapore 9. Trt: *****7.
      29 words
    • Advertisement
      Page 1 Advertisements Column 2
      51 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant r Jf. VB l Ifli tPij HtnRV nnc acEnciES pie ltd BRUNtI AGtNT RFI lANCE Ci iS TRi 8 1 T i 144 8 JALAN CHtV ALII R BANDAR Sfc R BL iAA A BRUNE' TEL *****
      51 words
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      Page 1 Advertisements Column 3
      14 1 rwsire ANOTHER itff rfrak BLACK |«U ilidrbi. a m m mrt trial 12 Q
      14 words
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      Page 1 Advertisements Column 4
      376 1 APS ELECTRONICS (PRIVATE) LTD WtOAPOM T« 5560*4 fS URM) APS ELECTRONICS (M) SON BHO KUALA LUMPUR T« 03-*****0 MAGME THINKING THAT THE EARTH IS FLAt AND TELLS YOU IPS ROUND. v\\ BEOGRAM4OO2 In international terms, Bang Olufsen of Denmark is not one of the big manufacturers. That is why, if
      376 words
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  • OVERSEAS
    • Article
      MEMO PAD
      224 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER 9-30 Industrial Application YMCA NPB of Operational Palmer Road Amplifiers 9- S.D. Module m— Hotel Royal NPB Feb 2 Elements of Ramada Industrial Engineering 9-30 Energy Management YMCA NPB Module 1 Palmer Road 10-31 Industrial Health SIM Conference SIM and Safety
      224 words
    • Article, Illustration
      Lock icon Malaysians study HK comex
      316 2 AFP AN OFFICIAL Malaysian delegation, headed by Deputy Trade and Industry Minuter, Lew Sip Hon left for Hongkong yesterday on a study tour of various commodity trading establishments there. The team will hold talks with the Commissioner for Commodities Trading, the Secretary for Economic Services and
      AFP  -  316 words
    • Article
      Bumper to bumper Perak harvests
      161 2 RICE production In Perak will Increase substantially, possibly at the rate of five bumper harvests every two years, under an Irrigation improvement scheme to be introduced shortly. Plans for this have been devised by the state government which Is now negotiating with the World Bank
      161 words
    • Article, Illustration
      Petrochem complex well on its way
      586 2  -  SITE WORK COMPLETED ■y JOHN TAN SINOAPORE'B petrochemical complex is well on 1U way to realisation. Site preparation work has been completed and field engineering work Is expected to start in the middle of this year. The entire complex is expected to be completed
      586 words
    • Article, Illustration
      ASSAY TEAM GETS DOWN TO WORK
      126 2 SINGAPORE'S newly formed Annual Assay Commission conducted Its Inaugural annual test and examination of the coins by the Singapore Mint yesterday. The text is to determine whether the coins are In accordance with specifications and standards laid down by law. The commission will be
      126 words
    • Article
      More visiting Russia
      204 2  -  •y RAHIM KASSIM VISITING the Soviet Union may not be every tourist's idea of a perfect vacation, but according to the Soviet Novosti Press, the number of foreign visitors to the USSR has been increasing steadily. And Singapore, among other destinations, can expect more Soviet visitors too.
      204 words
    • Article
      Forms for garden tax cuts available
      122 2 FORMS to claim Income tax deduction for maintenance of private garden! during 1977 may now be obtained at post office* or at the Income Tax Department. A taxpayer may claim up to $300 for maintaining a private garden at his residence provided the garden
      122 words
    • Article
      China trade
      23 2 CHINA and Bangladesh have agreed to increase their trade under a new commodity exchange protocol to be signed here next Tuesday.
      23 words
    • Article
      China shows interest in expertise
      300 2 TWO FRENCH industrialists accompanying Prime Minister Raymond Barre on his current five-day visit to China say the Chinese are showing Intense interest in new technological developments, although no firm commitments are expected from the trip. "They are very curious about what's going on in new
      300 words
    • Article
      Lock icon Daimler man here on farewell visit
      139 2 AFP MR. WALTER Rapp, the retiring regional manager (South-east Asia) of Daimler-Benz's EX6A Export group in Stuttgart, arrived in Singapore yesterday for a farewell visit. Mr. Rapp has been Involved with Daimler-Benz/ Cycle and Carriage operations in this region for over 25 years, since
      AFP  -  139 words
    • Article
      Lock icon Fears of US tariff widens copper arbitage
      367 3 Reuter the arbitrage between the higher New York and lover London copper market* has widened in recent days, pertly because of fears of an increased US tariff on Imported material, top traders here said. Last week, the arbitrage at one point was as
      Reuter  -  367 words
    • Article
      Lock icon RETAIL SALES DOWN
      86 3 Reuter US RETAIL sales fell 3.4 per cent in the week ended Jan 14 to a seasonally adjusted U5513.84 billion (SS32 billion) from 814.33 billion on the previous week, but were 9 per cent ahead of the level a jrear ago. Durable sales dropped to $4.47 billion
      Reuter  -  86 words
    • Article
      Lock icon US flexes its Bank Secrecy Act muscles
      1041 3 NYT THE UNITED States Treasury Department, after six years of inactivity, has begun to enforce the Bank Secrecy Act, hailed by many at the time of Its enactment In 1970 as a crucial weapon In the fight against white-collar crime. The government, under
      NYT  -  1,041 words
    • Article, Illustration
      Migrant labour takes root
      520 3 WESTERN Europe still needs its millions of migrant workers despite recession, unemployment and stricken Industries. In the January Issue of the International Labour Organisation's monthly magazine, the 134-state United Nations agency said that for many people "Western Europe's migrants have overstayed their welcome." But ILO studies
      520 words
    • Article
      Lock icon Rising soybean demand
      311 3 Reuter FUTURE demand for US soybeans and products Is expected to rise In Western and Eastern European nations, North European director for the American Soybean Association, Karl Fangauf, told the Land of Lincoln Soybean Association convention In Champaign, Illinois. US soybean oil and meal will improve its
      Reuter  -  311 words
    • Article
      Lock icon BUDGET PROVIDES FOR SLOWDOWN
      1559 3 Reuter US President Carter yesterday proposed the biggest Federal budget In American history that will spend U*****.2 billion (8*1,170 billion) in fiscal 1979. In his first budget, sent to Congress In the morning, his proposed government spending In the financial year beginning Oct 1, Is an
      Reuter  -  1,559 words
    • Article
      Lock icon No surprises for American credit marts
      1058 3 Reuter NYT MONEY market analysts and economists see nothing significant for the credit markets in President Carter's tax reform and antl-lnflation messages and they expect that Immediate reaction will be limited. According to the economist*, details of the messages conform closely to what had
      Reuter; NYT  -  1,058 words
    • WORLD IN BRIEF
      • Article
        Lock icon FREE TRADE IN GOLD?
        508 3 Agencies BANK of Japan sources say tt Is likely international gold transactions wll be freed with the ending of the 1978 Gold Agreement concluded at the International Monetary Fund Interim committee meeting in Kingston, Jamaica. The arrangement limits gold transactions by the monetary authorities of IMF
        Agencies  -  508 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      329 2 Sow boat from IfiRF iiri fISSWP r i > CHINA TRADE QUARTERLY Far East Publications RT 1913, Hanglung Centre, Paterson Street, 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 1 Please
      329 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      618 2 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 4 Walk the street with a nautical cam 6) 7 Did kitchen work when stranded (I, 2) Vote against the work situation (6) It Points to the man In the chair (9) U Where soldiers go for some tea that's Strang (4) 14 Read
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      13 3 r v. m REDIFFUSION 4 1 2.000 42'0 Vourig Marri«tl 15 30 v«ars
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    • Advertisement
      Page 3 Advertisements Column 2
      131 3 "MY NEW BIFOCALS HAVE NO LINES. AND WHO NEEDS MORE LINES?" > 1 •4 y-.*. BIFOCALS WITHOUT LINES. Those bifocal lines that added another five years to your age have disappeared. AOLITE Ciltravue lenses have no lines; you can see clearly close up, far off and everywhere in between. There's
      131 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      718 4 OPENING prlcea in the Singapore rubber market yesterday were fractionally lower and ruled very quiet. The market later turned slightly firmer on reserve of sellers and covering of nearby*. Volume was small, dealers said. The market cloeed slight- firmer with February RBB le buyers quoted
      718 words
    • Article
      Closing prices
      32 4 Rubber: Jan a: Sinn pore: February 200.2S till (up I .SO ceata) Malaysia: February SSS.M cents (up I.M cents) Tin: ii,ere (down $10.21) Official offering: ISO tonnes (up W tonnes)
      32 words
    • Article
      Produce exchange
      279 4 PRICES held steady at the Singapore produce market yesterday, but trading was negligible. This was primarily due to the distinct lack of interest from the major consumer countries of west Europe. Even nearby countries, to whom local dealers have been selling small quantities on consumer accounts, were shying
      279 words
    • Article
      Hongkong comex
      287 4 SUOAR futures In HONOKONO yesterday closed steady in quiet and featureless trading, on lack of any fresh fundamental news. Prices fluctuated narrowly with March falling USO.OI cents, while May rose 0.01 cents. October was unchanged from Friday's close. Dealers said turnover fell to nine lots against 11 on
      287 words
    • Article
      Sugar
      68 4 TERMINAL sugar In LONDON yesterday, closed a quiet morning at or Just below the session's highs, £0.30 up from Friday or £0.25 down. Turnover totalled 827 lots, Including 103 call options. The market opened up to £1 lower on tone, but later rallied on Jobber and outsider short-covering in
      68 words
    • Article
      Gold
      150 4 THE kllobar In Singapore yesterday opened at 8113,198 and elosed at 8913,224. In the London market, the metal opened at U*****.60/90 and closed stronger at U*****.06/35. The London morning Ox was U*****.95, up 91.90 from the previous fix. Source: Stnxvia* Retail prices per tael quoted by the Singapore Chinese
      150 words
    • Article
      Straits tin
      96 4 THE STRAITS tin price In Penang yesterday dropped M 910.25 to 91,670 per picul on an official offering up 65 tonnes to 300 tonnes. The market was marked lower mainly due to a larger contribution of tin metal from miners in view of the weekend and the approaching
      96 words
    • Article
      Rice
      196 4 BANGKOK rice prices were quoted as follows yesterday: (US dollars per tonne fot> bull Bangkok) WMle Rice: 100 pet let elm 370. 100 R2nd clan 355, 100 pel 3rd clmu 330. ct 341. It act 323. 15 pet 320. SO pet 311. 23 pet 315. 35 pet unq Brafcm:
      196 words
    • Article
      Coffee
      66 4 ROBUSTA future* tn LONDON opened £4 higher to £7 lower yesterday, compared with Friday's close. Turnover was 50 lots and the official tone "quiet." Light Inter-deallng trading was confined to near months during the opening session where values were unchanged to £4 higher. Untraded distant months tended lower. There
      66 words
    • Article
      Cocoa
      62 4 TERMINAL In LONDON finished the morning £16.50 down from Friday to unchanged yesterday. Turnover totalled 2,3«6 lots, Including five put options and 702 lots self traded. The market steadied mld-mornlng on mixed short-covering support after early losses of up to £32, but finally eased on general bear sentiment. Sentiment
      62 words
    • Article
      Copper
      65 4 COPPER wlrebars In LONDON finished the morning showing losses of mostly £8 per tonne yesterday. values declined under liquidation, chart selling and stoploss operations prompted by the larger than expected rise In warehouse stocks to a new record total of 645,300 tonnes. Three months traded down to £652 per
      65 words
    • Article
      Silver
      41 4 SILVER in LONDON registered gains of 0.9 to 1.1 pence per troy ounce yestermovement reflected the strength In gold, dealers said. Trading Interests, however, remained at a low ebb, with carries accounting for about half the turnover of 18 lots.
      41 words
    • Article
      Lead
      44 4 LEAD fen by £11.75 for cash and £10.29 for three months in LONDON yesterday. Further commission house liquidation and stoploss selling were sparked off by the decline In copper and three months traded down to £325 in the face of sporadic trade buying.
      44 words
    • Article
      Zinc
      43 4 ZINC dosed with lossss of £8.25 per tonne for cash and £9 for three months in LONDON raster day. This metal moved In sympathy with the general trend as liquidation and stoploss selling pushed three months to £257.50 during late kerb dealings.
      43 words
    • Article
      Lock icon Slow trading in industrial commodities
      1229 4 AFP THERE WAS a marked slowdown in trading among Industrial commodities in LONDON last week ahead of President Carter's State of the Union message, although subsequently a more relaxed attitude developed. The quieter conditions on the fortlgn exchange market offered some respite although sterling's weaker
      AFP  -  1,229 words
    • MONEY AND ECHANGES
      • Article
        Singapore
        414 4 THE FOREIGN exchange market yesterday saw very thin trading, with rates generally staying unchanged from opening Opening against the Japanese yen at 241.58/60. the dollar stuck to that level through the morning and inched to 241.60/70 when London opened. Against the mark It opened at 2.1155/7$ and moved up
        414 words
      • Article
        Minimum lending rates
        44 4 A CDC T AlfMMwBuk 7 BufUluk 7 CWbuk 7H B—k rf AaiHn 7 BftakrfCklaa 7 lUak t! T«ky« 7 MNM I.I...JY 7 M*Ujraa Buldac *7 NWM 7 0C8C «H OUB 7 UCB 7M CWm| m ttf 7 UMBC 7 UOB 7
        44 words
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        Asian $ rates
        119 4 Asian rates ASIAN cuitmk* dnoatt interbank run at at do** on Jan 1 IXDi !S" 5 1 BUI 7 1 VI 11/ 1 ntlM 7 11 i*ru Tt/1« bum T 11/11 711/1* U BUM 1 V* IV* 1 1 a. 1 ilrt tmm. mm) IBU) 1 BUM v\* l/l l
        119 words
      • Article
        Discount market
        35 4 RAMOS of arte* oftarad by dtaeovnt hOUM OO #ID 23 Sn r 2p!Stt»& ,wl (-Month Trtaauiy Mill 11/4 Si/1 t-Uoatti Rank Mil* 47/1 41/4 J-Moni »Mon mod Ch CD svu tin* 511/14 Source:
        35 words
      • Article
        London
        163 4 THE U8 dollar opened mixed In LONDON In mainly quiet dealings yesterday, with occasional bursts of action as operators maintained balanced dollar positions. Little reaction to the Carter package of U8825 billion in tax cuts Is being seen because participants fear central bank intervention. Sterling opened firmer against the
        163 words
      • Article
        Tokyo
        149 4 THE US dollar for overnight delivery in TOKYO yesterday closed higher at 241.70 yen, up from 241.73 at the opening and Friday's close. Trading was quiet with volume $169 million. No central bank Intervention was detected, dealers said. The finance ministry's announcement of December trade and payments surpluses In
        149 words
      • Article
        Hongkong
        144 4 THE U8 dollar In HONGKONG yesterday closed slightly below Its New York levels last Friday, but unchanged from local opening rates in slow trading. It was quoted at 2.1165/75 marks against New York's 2.1195/1215. and at 241.40/60 yen compared with 241.55/80 and Tokyo's 241.73. Sterling firmed to $1.93/70/80 from
        144 words
      • Article
        Euro $ rates
        78 4 Euro rates EURODOLLAR deposit rates In LONDON opened mostly steady In quiet early dealings yesterdaly, with the usual slow Monday start affecting business. In periods, one month was adjusted lower by around 7/16 due to the loss of a Friday end of period while other fixed dates opened Uttle changed
        78 words
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        Frankfurt
        23 4 y*'/' m wtm Hkr 41 12/12 Kr eon 'ff bt T 'V j Aut Ktl »tt/« Pt>rt 77 T0/7I .JC Spain 1MS0/40
        23 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      351 4 FROM FEDERAL PUBLICATIONS !M BiA mk, r ->>\ m l m \\w\ nih i m U I m j II s V J V-\v A a step~by~step guide An easy to understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could
      351 words
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  • TRANSPORT
    • Article, Illustration
      Singapore yards pip their Asian rivals
      575 5  -  iy TERESA LIM SINGAPORE secured 1.73 per cent of the worldwide orders for ships in 1977, putting it a slight step ahead of Its Asian competitors such as Taiwan and the Philippines. According to the latest new shipbuilding statistics compiled by Falrplay International Records
      575 words
    • Article, Illustration
      IN PORT
      389 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Dolj (0700) 23/24 Hoegh Orris tllOO after Tal Ping <i Diving Operations) 3/4 Jurata (1100 after Savannah Mara must sail not later than 0530/ 27th) 47 LI Ho (0700 after Jalnghu) 44 Loon Sheng (HOJW) (0700) 29/30 Lumut (after Rajah Brooke) 21 West
      389 words
    • Article
      Australian bid to block US flight
      234 5 AUSTRALIA is seeking to block the United States government's approval of a third commercial airline service across the Pacific to this country. Australian Transport Minuter Peter Nixon, now in London, is due In Washington later this week for talks with U8 officials about the
      234 words
    • Article
      Mitsui delivers last carrier to Gemini
      174 5 GEMINI Friendship, a 27.327 dead weight tons bulk carrier which was built by Fujlnata Works of Mitsui Engineering and Shipbuilding, Japan was recently delivered to Its owner, Gemini Maritime Corporation of Liberia. It is the last of three ships ordered by the owner, and
      174 words
    • Article, Illustration
      Lock icon TMA made a flying start with a bomber
      600 5 NYT "I'M READY to take on El Al anytime; If they didn't St government subsidies, ey'd be selling shirts." Trie challenger is Munlr Abu Haldar, the Lebanese owner, president and chairman of Trans-Mediter-ranean Airlines, (TMA) which made money during the disastrous Lebanese
      NYT  -  600 words
    • Article
      Lock icon Steel mill to axe 1,000
      98 5 UPI NIPPON Kokan K.K., a leading steel mill, plans to cut by 10 per cent its workforce In the shipbuilding department by the end ol this year in view of the worldwide shipbuilding slump. The company's plan to cut by 1,000 Its total workforce of
      UPI  -  98 words
    • Article
      Sanko Asia Line
      152 5 SANKO Asia Line (SAL)lsa subsidiary of Sanko Steamship of Tokyo It started Singapore In SAL maintains regular liner services from the main Japanese ports and Hongkong to Singapore and Port Kelang. Sailings to Penang are subject to cargo inducements. Geaeral ageats: C.P. Sharp. Itede: Japan/ Hongkong and
      152 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      728 5 ARRIVALS 0*mt« N«n ■bw IlM Fran CAL CI 331 0040 TPE/HKO/KUL CPA CX003 014S HKO TMA TL303B 0215 BEY/DXB BOM/KUL PAA PA005 0215 SFO/HKO MAS MH601 0715 KUL MA8 MH682 0610 KCH SLA SQ101 0615 KUL MAS MH021 0635 PEN MAS MH607 0645 KUL MAS MH671 0945
      728 words
    • Article
      Surcharge up
      50 5 THE Australia Northbound Shipping Conference said Its Australia to East Asia (Hongkong, Taiwan, Philippines) bunker surcharge will rise from 9.03 per cent to 9.87 per cent on Feb. 1. The Australia Japan/ Korea bunker surcharge will be cut from 5.47 to 5.41 per cent on the same date.
      50 words
    • Article
      BA FRISCO FLIGHT
      109 5 BRITISH Airways is to open a new service between London and San Francisco on May 4. The service, to be operated by the airline's wldebodled 747 fleet, makes for a second dally link with America's West Coast. The airline already flies to Los Angeles. The San Francisco
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      318 5 from Penguin 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 workf in 1970 by committing hara-kiri or ritual suicide by disembowelment. One of his last works, Runaway Horses, is now published in
      318 words
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  • Article
    Need for revision of GSP terms
    559 6 THE US CLAIMS often, and volubly, that It has the beet 08P system of all the major developed Importing nations. It says for instance that where others Insist on a 50 per cent local value added figure to qualify for a GSP certificate of
    559 words
  • Article
    Controlling air freight growth
    268 6 THE PLAN TO DEVELOP Singapore Into an air freight centre comes not entirely as a surprise. The Republic enJoys spme very distinct advantages that gives it an edge over Its regional rivals. It enjoys a natural strategic location that attracts about- 40 scheduled and non-scheduled airlines
    268 words
  • Article, Illustration
    Village that doubts the benefits of oil
    1695 6  -  HOW would Singaporeans like it if oil was struck, My, fat the heart of the Botanic Gardens, or whambang in the middle of the Padang, or per ha pa under the 140 year-old Thian Hock Ken| Temple? Would cupidity or environmental concern rule
    1,695 words
  • Article, Illustration
    Lock icon Where tourists are noblest of them all
    734 6  -  By DAVID SMITH Reuter THEY UBED TO SELL titles to San Marino. You could become a baron, a count or a marquis for a few thousand American dollars. Even the odd dukedom changed hands for the right price about U8520.000. "But we stopped
    Reuter  -  734 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      672 6 H k. sinoapura FORUM U HOTEL ADtaMndMi> MwHMk 585 Orchard Road, S'pore 9. Tel: *****2 Hotel 406/407 Havelock Road, S'pore 3. Tel: *****1 Onchid Inn "•n oaalt in it* ortent" 214 Dunesrn Road, S'pore 11. Tel: *****2 %f»> Cockpit gstet %H Oxley RiW Peun| Road, S'pore 0. Tel: *****1 Pebble
      672 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      60 6 WEA THER outlook for Singapore from 6 am to noon today:- Mainly fair. REPORT for 24 hoar* prior to 7.30 pu as January 22 at airport. MaximaniTffttMf 29.7° C Associated Humidity S7 Minimum Temperature 23.3° C Associated Humidity M Hours of Sunshine 2.06 BahrihH in Millimetre 19.9 Total Rainfall for
      60 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      204 6 SINGAPORE 5 3.00 P.M. Opening announcements followed by Flying Nun (Repeat) 3.30 Diary of Events 3.35 Afternoon Matinee The Lord of Barmbeck, Starring Martin Luttge, Judy Winter, Inken Sommer, Simone Rethel. (Part 2) 4.20 Intermission 6.10 P.M. Opening. announcements followed by The Road Runner Show 6.30 News in Brief 6.35
      204 words
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  • Article, Illustration
    ON OUR MINDS
    1633 7  -  •y CHAN BONG SOO THE Age of the Bean Is coming we had better get used to the Idea. Hopefully, the humble but proteln-rlch soyabean will some day provide the world with the best means of overcoming meat shortage, malnutrition and food-price Inflation. At a three-day International
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  • Article
    MORE ON DOORS
    409 7  -  Letter to the Editor TAN LAI HUA Dear Sir, You have made a subtle hint that the General Secretary of PIEU and SILO was trying to popularise and sensationalise the Injustice meted out to union members. It appears that you did not bother to find out the
    409 words
  • Article
    STRAWS IN THE WIND
    480 7 THE ROTARY CLUB of Singapore Bulletin recounts that local personality Georee Thomson once the Government Information man and until recently a Nanyang University professor Is a Scot by origin, although now a Singaporean, and naturally Kud of his kilt. When he k it to the cleaner's
    480 words
  • Article
    When one plus one makes anything
    981 7  -  FOBPM, f ...on economics k-. A By JOHN TAN AT THIS TIME of the year, governments, like eomKiies, have to report to lr shareholders. They tot-up their profit utl loss statements and draw ud their balance sheets, and then present these figures In that
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      386 7 rjggp SINO APOft C Tanglin Circus, B'pore 10. Tel: *****1 Marco Polo Restaurant Enjoy the art of wining and dining Marco Polo Restaurant Car valets in attendance damada IYhotelA HOTEL ROYAL-RAMADA Newton Road, S'pore 11. Tel: *****1 We've got it all together Golden Mikado Cantonese Cuisine prepared with Just the
      386 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      40 7 Bn&toW Scene. "Mme oPFce or "fears Lta. (Hols for *V>e fVols) ujhpws THE. fbsrrort te&fttolNG OJd VfSTIfcST VAOTeL TutJBO SuR. LB fLB&C «T SlOtfeNߣf\CM P GOOD morN»MG... \'m 04QUlRirt& ROOWT YOJfL *T Do Soo pi UMTVA Sfeß viei>i? r J
      40 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Throwing darts may be better than indexing
      732 8 NYT NEW YORK: Indexing, a system by which money managers attempt to structure an investment portfolio so that its perfor"hiance mirrors that of the Standard and Poor index of -600 stocks, may be one of the least rewarding investment ideas to come along
      NYT  -  732 words
    • Article
      Lock icon Suit puts Berkey in the picture
      731 8 NYT NEW YORK: Berkey Photo Inc. Is hardly a name to conjure with these days In Wall Street. The shares, which reached In the 1068 bull market, have not traded above 10 since the beginning of 1974. More recently, they traded at three. This
      NYT  -  731 words
    • Article
      Lock icon British bonds may see mild rally
      442 8 Reuter LONDON: Moderate gains in UK government bonds after the UK December money supply flguree oooid foreshadow further advances as market apprehension over theee flguree luboidee, UK government bond market analysts believe. UK sterling M 3 showed a declining rate of annual growth of
      Reuter  -  442 words
    • Article
      Lock icon EIB issues Eurobond
      62 8 Reuter THE European Investment Bank is issuing a 10 year £25 million Eurobond carrying a coupon of 9H per cent and priced at par, primary bond market sources said. The issue is lead managed byS.G. Warburg and Co and has already been placed with 19 hanks. A
      Reuter  -  62 words
    • Article
      Hongkong
      407 8 HONOKONO: Share prices closed firmer yesterday with interest centered on blue chips, while second liners fluctuated narrowly, dealers said. Among the blue chips, Jtrdln* Mlhsssn firmed 00 to 12.50, Hone Koo( Buk 20 to 17.10 and Hutchison Whampoa 7.5 cents to 3 85 Hoax Kon® Land and Swire Pacific
      407 words
    • Article
      Lock icon Bond funds worth a second look
      789 8 NYT NEW YORK: The ripple of rising long-term Interest rates has eddied almost everywhere from government and federal agency bonds to prime rated corpora tea and even such ordinarily quiet financial backwaters as closed-end bond funds. The extent to which the market price of
      NYT  -  789 words
    • Article
      Lock icon Average mutual fund finishes in the red
      746 8 NYT NEW YORK: The average mutual fund outperformed the Standard and Poor's Index of 500 stocks In 1077, but It still ended the year In the red. The S and P Index, made up primarily of heavily capitalised companies, declined 7.4 per cent
      NYT  -  746 words
    • Article
      Lock icon Little guy's burden
      617 8 NYT NOT long ago, a senloi Investment officer of a large mutual fund complained to an acquaintance about the commission he had paid to trade 1,000 shares of stock for his personal account US 38 cents a share. "If I had been acting in my professional capacity,
      NYT  -  617 words
    • Article
      Tokyo
      380 8 TOKYO: Share prices closed lower yesterday In limited trading In the absence of encouraging (actors, dealers said. The Dow Jonis iterate fell 17.86 to close at 5.04«34 with volume of 190 million sharss. The New index closed at 314.95. down 1.94. Export orientated electricala vehicles and cameras led the
      380 words
    • Article
      Sydney
      271 8 SYDNEY: The stock market closed mixed yesterday with BHP falling two cents to ASS.36 and ACI five to 1.68 while The Wales rose two to 5.24 In firm banks, dealers said. Properties and brewers were mixed while Paao—tin—tol Ml M to Sll aad TUees two to 1.80 while Nertk
      271 words
    • Article
      Manila
      125 8 MANILA. The stock market closed mixed yesterday with commercial averages posting slight aalns white minings and oils declined, dealers sakl. Turnover (ell to 1.83 million pesos from Friday's 3.47 million. JAN 9 tan Acoj* Mining m unch AUaiOon A 11.M +•0.4 Alia* Con B BMUtoOoA Bentuct Con. B 13.tO
      125 words
    • Article
      HK market still weak
      329 8 HONGKONG: The atart of the week to Jan 17 mw a continuation of the downward trend reestablished on Monday, Jan 9, report* investment broken Laurence Pruat. Fractional loaaea were recorded by moat leading •hare* on Wedneeday, the firat day of the period under conaideration, when the
      329 words
    • Article
      Bangkok
      147 8 JAN a Bahts Asia Fibre rn +1 Bangkok Bank M3 4-1 Bangkok Invest 370 ♦4 Bangkok-Metro-politan Bank ■ata 700 20 BerllJucker 530 Carpet Intnl 371 ♦2 Charooni Thai Wire 340 unch Dumex Duslt Thanl 340 ♦4 Faber Merlin First Trust US ♦«0 Oenera Finance 370 4-4 Indo-Thal 430 Industrial
      147 words
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      Page 8 Advertisements Column 1
      165 8 ASM RESEARCH BULLETIN This uniqu« publication offers businessmen each month a comprehensive guide tp the latest developments that have taken ploce in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is divided into six separate reports of about 8,000 words eoch. There is
      165 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Con Ed may raise dividend today
      673 9 NORTH AMERICAN COMPANIES Mew YORK: Consolidated Edison, which shocked the j Investment world In April, 1974, when It eliminated Its 45-cent quarterly dividend, has since restored the payout, at a higher rate, and may increase the dividend again today. in any event that Is
      673 words
    • Article
      Amax investments written down
      383 9 THE major US mining house, Amax, has written down heavily Its Investments In Botswana and the Zamblan Copperbelt which have been severely hit by the depression In nickel and copper markets. A net charge of US$Bl million or $2.50 per share, has been approved against Amax
      383 words
    • Article
      Lock icon Chrysler delays plant change
      135 9 Reuter CHRYSLER Corp said It is delaying a US$5O million conversion of its Jefferson Avenue assembly plant to van production until the federal government adopts "common sense standards." President John Rlccardo also said published statements attributed to Joan Clay brook, administrator of the National Highway Traffic
      Reuter  -  135 words
    • Article
      Ford hike approved
      77 9 FORD Motor Co of Canada said it received permission from the anti-Inflation board to raise car prices by much as five per cent. .Ford did not specify how much the Increases will be, It recently ■.notified dealers they will be -protected against Increases of more than three
      77 words
    • Article
      Lock icon Hakodate seeks new loans
      277 9 Reuter TOKYO: Hakodate Dock Co chairman Hideo Ooda told a press conference new loans being sought by the company from a group of banks total nine billion yen. The company announced late last month it was seeking new financing to cover a shortage of operating funds,
      Reuter  -  277 words
    • Article
      Lock icon Yanmar layoff in Brazil
      126 9 ASIAN COMPANIES UPI YANMAR Diesel Co., an Osaka-based farm machinery maker, said Its wholly-owned subsidiary in Brazil has laid off 300 local employees because of sluggish sales In the Latin American country. The manpower reduction by Yanmar Do Brasll was announced following the Brizillan government cancellation
      UPI  -  126 words
    • Article
      Lock icon Johannesburg gold mines raise profit
      322 9 Reuter JOHANNESBURG: Johannesburg Consolidated Investment Co Ltd said results of group gold mines for the quarter ended Dec 31 are as follows: In order, taxed profit (million rand), gold produced (kg), yield (grams/ tonne) and cost (rand per tonne milled) with previous quarter In brackets:
      Reuter  -  322 words
    • Article
      Lock icon Rockwell profit up sharply
      131 9 Reuter ROCKWELL International corp., the electronics and aerospace company, reported a sharp gain In first quarter profits, although sales were flat. Rockwell said Its quarterly profits for the period ended Dec. 31 were US$4O.l million or $1.15 a share (1.05 diluted), up 30.8 per cent from
      Reuter  -  131 words
    • Article
      Lock icon BURROUGHS CUTS DEBT
      62 9 Reuter BURROUGHS Corp said it reduced worldwide debt to less than US$4OO million in 1977 from $517 million at the end of 1978. Burroughs earlier reported 1777 earnings of $5.31 a share against $4.62 in 1976. The company added that worldwide backloss at yearend were 15 per
      Reuter  -  62 words
    • Article
      China Light order
      119 9 THE China Light and Power Company of Hongkong and the Esso Oil Company have together ordered power station equipment worth £100 million from Britain, the British Department of Industry announced. It said the companies had issued a letter of Intent for the order to the General Electric
      119 words
    • Article
      Sonatrach arranges loan
      112 9 LONDON: Algerian state oil and gas concern, Sonatrach, Is arranging a US$35 million 10 year Euroloan at 1 3/8 per cent over London Interbank offered rates, Marine Midland Bank said as lead manager. The loan, which carries the guarantee of Banque Exterleure d'Algerle, will help finance the
      112 words
    • Article
      German BP expects rise in prices
      395 9 EUROPEAN COMPANIES HAMBURG: Deutsche BP AO expects higher petrol prices this year and an average rise of three pennIngs per litre would solve the problems of losses on oil business, managing board chairman Hellmuth Buddenberg told reporters. Oerman BP expects overall losses of 54
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    • Article
      Lock icon French firm to form unit with Sasaki
      167 9 AFP THE French glass-making firm Compagnle Francaise des Verrerles d'Arques and the Sasaki Company are to form a Joint subsldlanr in Japan to market and later manufacture d'Arques products. It was announced officially. The news was given by Jean Jacques Durand, deputy manager
      AFP  -  167 words
    • Article
      Maibl joint venture in HK
      398 9 MIDLAND and International Banks (Malbl), the oldest of the London-based consortium banks, announced last week that they are to form a Joint company in Hongkong with the Bank of Bermuda as partners. Called Malbl Bermuda (Far East), It will be 80 per cent owned by
      398 words
    • Article
      BARCLAYS MOVE
      64 9 BARCLAY Bank International said its Dutch subsidiary Barclays Kol and Co formed a Joint venture company with W.I. Carr Sons and Co and First Options of Chicago Inc to deal in traded options on the European Options Exchange In Amsterdam. The new company is called First Options of
      64 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      300 9 r a BUSINESS TIMES UTVBMT. 4AWAIT T. I 1 SIKTAT Ker*t a C xr SITES MAY BECOME GHO6T TOWNS USdoiii Contractors fear ■toady dspite labour squeeze us <wiar Metro calls it a day at Marine uncertainty Parade 2 r4 a r: 3 j St 22 i X 31 f jy-T
      300 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1365 10 BID mi WBtr prieee iMtßr Uitrt u4 kuiiMi is »»< ispmtod to the Stack Eartmnas to brackets in eto rf 1,808 anit* oalsm itlMnHit ipidtM* AD Um fill 11——if Coatract* an Sled after the nrU "Sett". Board deals (la lata of 2,880 to) aro fMt«4 after the letter*
      1,365 words
    • Article
      Corporate bonds
      177 10 BO T 8 1/2* IMI (100,000) (100%8 101H8) BOT7 5/8% 1864 (100,000) (MB M*S) B O T Floating ISM (100.000) (M*B M*S) LTCB J 1862 (100,000)(99HB 100*8) Credit Lyonnnis Floating ISM (100,000) (M*B 998) C Itoh 8 1/8% 1864 (100,000) iM*B 978) > B 8 Converts 8 1/2%
      177 words
    • Article
      Government bonds
      171 10 ftep hm D Marti T» ISM (loo.ooo) (loawß in MS) Rep tiwt S 1/1% 1988 i 100.000) (102 SB 103*8) tea Bitn 7 8/4% ISST (100,000) (M*B 1006) 4 J/4% 1/S/T0 (150,000) (100.STB 100.708) 5 1/4% H/IS/T9 (250,000) (101.UB 101.108) I V 4% 1/4/7S-M (150.000) (101.15B) 4 1/4%
      171 words
    • Article
      Stock options
      376 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of op Cold Storace (March 81.70) (0.308 0.368). (June 81.70) (0.348 0.428). C and C (March 82 20) (0 558 0.668).
      376 words
    • Article
      Unit trusts
      152 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Meaeswe' prim i for Jaa 24) ICanal pr tan) The Commerce.... 1.77 in INCOME BOND 108 1.16 The Saving Fund S pore Prof Fund 1.10 1.16 0.S1 OK MARA BUMIPUTRA FUND S pore Security Fund 1.00 1.70 INuHm' priess First Bumlputrs Mr
      152 words
    • Article
      In Kuala Lumpur
      1495 10 BID and dhr prtsss attetolty lis tod ami bwslasss la and repavtodto the «aala I the a umber ef s2rsa*tradod shown in brockets in lots at I.SM units unloos ethorwioo specified. INDUSTRIAL! AMI (1.445). Altoomsto (MSB) Aieea* (S.STB) (S) S.M (1) Lis <T) B.ST. A CNee (I.ISB
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    • Article
      SHARE INFORMATION SERVICE
      2441 10 1*77/1*78 Hi(k Low Company Last Sale ■fee* Gr> Dtv Dtv Cn Gr's Y*M Net P/E Vel (•606) Day Hlgk Low SECTION ONE 1 INDUSTRIALS IM 260 119 246 88* 205 100 278 422 140 132 165 58 212 57* 155 145 182 360 91 Ac ma Alcom
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      163 10 tJgJL* COLLKTINQ Oriental Antiouej ra i v ktav 0 > r 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
      163 words
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  • Article, Illustration
    Faber Merlin makes strong comeback
    603 11 ■SINGAPORE Arnm a It-math sus■wniia. trading fas Faber Merlin Malaysia was resumed la a generally steady Stack Exchange m SS^SKSSS'S^fS ceats above its pre-sus-price of 93 cents was 31 cents above its pra-eoepenaion-price of U cents. A major portion ef the activity was attributed to
    603 words
  • Article
    Kuala Lumpur slightly ahead
    532 11 HEAVY trading interest was directed at Faber Merlin yesterday when It returned to the KLSE boards after a 23-month suspension. The share was Immediately marked some 15 cents higher from Its presuspenslon price of 83 cents, but failed to remain at the higher level for long.
    532 words
  • COMPANY NEWS
    • Article
      DIVIDENDS ANNOUNCED
      272 11 Cmrm* Ki Data IteaJfcr Pifiil Din miMi fte yaar »«li Mfmr ULhMM 9*ITB Jan 10 Jan 14 Oft 10»TB BmJ—MlTM MM Jan 9 Jan 2* 50* 110*<a) ijwsta. a? ar -as sr s LT.Pm 7*1 Jan 11 JkalT 7* 90* MOm THTBo) DkM Jan 20 111 MTB C«iC
      272 words
    • Article
      Offer for London Sumatra sparks takeover war
      634 11  -  Br GERALD COLVERD A MULTI-MILLION pound bid war which will challenge the traditional dominance of UK plantation managers, Harrisons and Crosfleld (H and C), over more than 17 plantation groups operating between India and the Far East, has been sparked by a £17.5
      634 words
    • Article
      Cons Hotels replies
      305 11 CONSOLIDATED Hotels; says the recent overdraft facility taken from Over-sea-Chinese Banking Corporation carries an Interest rate of 2tt per cent above the bank's prime rate. The hotel is replying to questions posed by the Stock Exchange of Singapore regarding the terms and conditions pertaining to the loan.
      305 words
    • Article
      COMPANY MEETINGS
      55 11 The following company meetings are due: Ckaaiosl Coapssy sf Malaysia Bhd.: Jan M In the board-room of Malaysian Industrial Development finance Bhd. 4th Floor, Bangunan MIDF, 117, Jalan Ampang. Kuala Lumpur at 11.30 a.m. Pet*line tla. Bhd.: Jan 28 at the company's registered, 114 Jalan Sultan Yuasuf, Ipoh,
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    • Article
      Lock icon Exxon fields all set
      161 11 AFP THE Exxon Oil Company In Malaysia la awaiting the arrival of a large storage tanker from Japan before commencing production at Its two oil fleids off Trengganu in the East Coast. A company spokesman said the tanker was expected to be delivered in April and
      AFP  -  161 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      164 11 FIRST Chicago has promoted Mr Peter W.B. Tmm and Mr Barry W. Laaaat to assistant rice presidents. Mr Tam, who joined the Singapore branch In 1971, Is head of the operations department. He has previously worked with the bank as operations manager in Hongkong. Mr Lamont Is
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    • LATEST RESULTS
      • Article
        SINGAPORE Finance:
        39 11 Group pre-tax operating profit $917,419 ($1.84 million) for the first six months ended Oct 31, 1977. Loans wade $61.53 million ($70.10 million). Parent company pre-tax profit $994,872 ($1.79 million) on loans made of $81.53 million ($70.10 million).
        39 words
    • Article
      Mixed fortunes for electricals and timbers
      833 11  -  •y CHAN BONG SOO 80ME $30 million were wiped off the wood-baaed Industrial sector of the Stock Exchange of Singapore last week even though most of the Issues in the sector ended up in plus territory. According to the group Indices computed by James
      833 words
    • Article
      Temenggong delisted
      79 11 THE Stock Exchange of Singapore has delisted Temenggong Ltd as from yesterday, following the successful takeover by Bowater (Southeast Asia). Earlier this year the offeror company's merchant bankers, Baring Sanwa Multinational, has announced that the offer has become unconditional. Acceptances of 91.83 per cent representing 6.52 million snares
      79 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      267 11 ice -•41 m •SB ~r .i* c. r?- if m s? f W The three bosk needs and the three ports of Britannia) 3 1. Te get at the facts often a single fact easily and quickly, without having to read a long article in which that fact it smpeddwl.
      267 words
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  • Article, Illustration
    Plans for freight centre in the air
    828 12  -  NEW OPEN SKIES POLICY u ®r SIVA ARASU pISCOUNTINO is not peculiar to the air travel market. It Is also rife in the airfreight sector but has not reached a sufficiently Critical level to hurt Singapore's efforts to develop the into an airfreight
    828 words
  • Article
    Modest rise in imports of textile raw materials
    215 12 JAPAN'S exports of textile products last year totalled US$5.l5 billion (5511.89 billion), a 0.9 per cent Increase in value from 1976. The country's imports of textile raw materials, however, were $2.22 billion, a modest 2.3 per cent increase from 1976. Imports of
    215 words
  • Article
    Lock icon Bitter warning from Queensland
    450 12 Reuter THE QUEENSLAND state government does not want to take the drastic step of bringing the sugar dispute with Malaysia for lntarnattonaf arbitration, but will if forced to do so. State Mines and Energy Minister Ron Camm said m Brisbane. Official sources In Malaysia said Australian
    Reuter  -  450 words
  • Article
    Lock icon Congress wait-and-see
    205 12 AP LEGISLATION designed to protect US Industries from foreign competition appears to have little chance of enactment this year In the final session of the 95th Congress. Much of the momentum behind measures like one that would authorise quotas on steel Imports has been dissipated by the Carter
    AP  -  205 words
  • Article
    LONDON STOCKS
    728 12 LONDON. Mon. Prices closed njlxed after a quiet and featureless session At 3 p.m. the Financial Times Index was down 0.2 at 487.4. Government bonds showed falls ranging to v 4 point after ruing by up to Initially Equities were mixed with gold shares a firm feature In
    728 words
  • Article
    Former Ben chairman claims trial to charges
    258 12 THE tease ektirnte of Bea aad Co., Gepal Chaadraa Ear Ckcttury, 64. jootorday claimed trial la eeort te charm ef five oAtocoo oador tJM Cenpomiee Act. Ch»aft«n, stir oMUtagiag director ef aa laiporta ead inati ftrai la lateraatiaaal Ptaaa, Is a—aoed eft Maldag
    258 words
  • Article
    Lock icon December is a fat month for Tokyo
    525 12 Reuter JAPAN'S risible trade curpius In December roee to an all-time monthly record of U882.68 billion (BM.S billion) from f 1.61 billion In November and 11.66 billion In December 1676. The Finance Ministry announced in a preliminary report that December surplus brought the
    Reuter  -  525 words
  • Article
    Lock icon DISCOUNT RATE STAYS
    461 12 Reuter BANK of Japan governor Tellehlro Morlnaga said his bank does not consider a cut in the official discount rate of 4.25 per cent per annum necessary for the time being. He said interest rates on lendlngs by Japanese banks are falling steadily and credit supply is
    Reuter  -  461 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      1049 12 BEE PAGE I China trade... a US$2O billion goldmine Here's how you can tap it In a series of bold moves, China's new leadership has embarked on an ambitious'economic development program aimed at accomplishing the modernization of the country's industry, agriculture, technology and national defence. According to senior officials interviewed
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