The Business Times, 25 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. 21«/l/78 WEDNESDAY, JANUARY 25, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Dollar falls back
      85 1 UPI. LONDON, Tues. As dealers viewed US budget proposals with skepticism, the dolly lost more ground In light trading on Westeni European money markets yesterday. Gold Jumped more than a dollar In both Zurich and London. In Frankfurt, the dollar opened at 2.1075 marks, losing modestly on
      UPI.  -  85 words
    • Article
      Lock icon More export zones
      70 1 Reuter. MANILA, Tues. The Philippines Is considering opening up more export processing zones after the apparent success of the Bataan zone west of Manila, the zone authority chairman, Mr. Teodoro Pena, said today. In the five years since tne area was set aside on Bataan peninsula as
      Reuter.  -  70 words
    • Article
      Lock icon Asean banking meet
      48 1 AFP. BANGKOK, Tues. The second banking conference of Asean will be opened here tomorrow by Prime Minister Krlangsak Chamanand. Over 200 top Asean bankers and other countries throughout the world will seek to establish reglonalbanklng operations and a system of financing cooperative trade and investment.
      AFP.  -  48 words
    • Article
      Lock icon Banks take action
      72 1 Reuter. MARSEILLES, Tues. Five Swiss banks have started legal proceedings here against a French financial dealer alleged to have defrauded them of 330 million French francs (SJIS4 million), police said. Serge Hervel, 43, was a director of the Genevabased Hervel Finance Company, which was declared bankrupt by
      Reuter.  -  72 words
    • Article
      Lock icon Fukuda admits
      56 1 Reuter. TOKYO, Tues. Prime Minister Takeo Fukuda today admitted for the first time the failure of some of his economic policies and expressed the hope that they could turn successful In the future. "Frankly speaking, there have been some failures but at the same time, there has been
      Reuter.  -  56 words
    • Article
      Lock icon Time's running out
      84 1 AP. GENEVA, Tues. The United States will insist the Geneva trade-freeing talks must reach "substantive" agreement by July, President Carter's special representative for trade negotiations Robert Strauss said today. He warned if no treaty was concluded by midyear, as the three major trading powers have proposed, it
      AP.  -  84 words
    • Article
      Lock icon Back to square one
      53 1 Reuter LONDON, Tues. Unemployment in Britain jumped to 1,548,544 this month after dropping for four successive months, the Department of Employment said today. In mid-January nearly 68,000 more Britons were out of work than in mid-December, making a total of 6.5 per cent of the working
      Reuter  -  53 words
    • Article
      Lock icon Dow Jones
      63 1 AP NEW YORK, Tues. Stock prices slipped again this morning on the New York stock exchange. The Dow Jones average of 30 industrials dropped 1.04 to 769.66 In the first half-hour. Declines outnumbered gains 4 to 3. Brokers said President Carter's tax and budget proposals apparently had done
      AP  -  63 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      120 1 Rises Most active Berjaym Kawat CCM t 178 +8 Faber Merlin 592.000 414 +8 Pahang Cons 104,000 Olympia 197 +8 API 59.000 Berjuntai Supreme Corpn 745 +5 Ct C 54,000 245 +5 Sunfei Beai 500 +4 Total Turnover: 2.13 M Austral Aail 470 +4 Total Value: $3.50
      120 words
    • Article, Illustration
      In Kuala Lumpur
      163 1 Rises Most active Fancy TUe D keramat Sovran 1.40 8.20 .14 .10 Faber Merlin 420.000 1.30 .08 Supreme Corp 247,000 Olympla Car Is berg 2.01 4.06 .08 .08 Olympla 110,000 Oentlng 100,000 Supreme Corp 2.40 +.07 Total Turnover: 2.69 M SO Besl 5.10 .05 Total Value: MS4.70
      163 words
  • Article, Illustration
    Bond proceeds for petro-project
    684 1  -  LTCB'S SECOND ASIAN ISSUE By SOH TIANG KENG JAPAN'S Long-Term Credit Bank (LTCB) yesterday floated the first bond this year In the Asian dollar market. It Is a US$6O million Euro-Asian bond maturing in five years. This second Asian dollar bond by LTCB Is Digger than
    684 words
  • Article
    Concorde talks open today
    288 1  -  ■y TERESA LIM BRITAIN and Malaysia resume talks on Concorde overflights today. No agenda for the talks will be announced, says Mr. Mark Williams.-first secretary (InformaUon) of the British High Commission in Kuala Lumpur. No communique will be issued till the end of these talks, which
    288 words
  • Article
    New product development plan finalised
    840 1  -  •y RONNIE LIM A NEW product development assistance scheme aimed at instilling greater self-reliance among local manufacturers In product design and development has been finalised by the Government. The scheme was first mentioned In December by the Senior Minister of State (Finance), Mr. Goh Chok
    840 words
  • Article
    Taiwan has invested a total $59m in Asean
    275 1 TAIWAN'S public and private enterprises have Invested a total of USS2B.II million (5558.5 million) la the Ave Asean countries, with $3.5$ million going to Singapore. Tnis represents 56.2 per cent of Taiwan's total foreign investments of $44.7 million as at end-1977, according
    275 words
  • Article
    Lock icon Tokyo says fiscal '78 surplus will be lower
    569 1 AFP. Reuter JAPAN'S trade surplus In fiscal 1978 (April-March) will be about US$l3.5 bUllon (SS3I billion), down $3 billion from the official prediction for this fiscal year. The government said the 1978 economic forecast adopted formally yesterday predicted that the country's balance
    AFP.; Reuter  -  569 words
  • Page 1 Advertisements
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      33 words
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      92 words
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      57 1 niranffiff KOREAN trawbn tomaketiw AGRICULTURE b tm momma h Jur—g 2 Malaysia'• blaod 7 l sss? 0 •!.f. l rrrr?» u it. LOAD dr'ndMak.* loUof cask op«tioM **7'* 11 FORUM «i ■■■■!■■■■< TAXES mp Malaysia* tta The Organisation 7 ladnstoy MEMOPAD X. CROSSWORDS X. AIRCRAFT SCHEDULE 5. WEATHER.!, TV A
      57 words
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      2 1 SEE PAGE
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      149 1 TAMGTA LITE P PROGRESSIVE EMTERPR6E PIE. UD SEE BACK PAGE dS£dri« BUSINESS QUdRTERf /v.. '•<••• The Autumn issue of the ASEAN Business Quarterly includes a 5-page analysis of ASEAN's urea projects and finds these to be less than viable (12 tables) a 15-page analysis of the impending world energy crisis
      149 words
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  • TRADE AND INDUSTRY
    • Article
      Korean boats to land catch at Jurong River
      473 2  -  •y RONNIE LIM MORE Korea trawlers will land their catch at TrlMarlne Associates' Jurong River wharf soon, once agreement Is reached between the company's two partners. Discussions between Socleta Parteclpaslonl Allmentarl (Sopal) which owns 95 per cent of TrlMarlne and Korea Marine
      473 words
    • Article, Illustration
      New bus goes on trial
      298 2 A MERCEDES-BENZ 0F1417, 72-passenger bus was handed over to the Singapore Bus Services yesterday for a six-month trial run. Mr P. K. Yeap, general manager of Cycle and Carriage Industries handed the vehicle over to Mr Tan Kong Eng, managing director of SBS at the
      298 words
    • Article
      Japanese industries stage strong recovery
      313 2 JAPAN'S aialai and manufacturing soctor has staged a atrong roeovary, according to the Bank Tokyo woakly rrrtow. Tl»« publication said that figures released by the Ministry of International Trade and Industry show that production far the sector has bounced back to the level prevailing the
      313 words
    • Article
      SIGNING OF CABLE ACCORD
      164 2 THE five Asean members, together with Australia, Japan and the United Kingdom yesterday signed the construction and maintenance agreement of the Philippines-Singapore submarine cable. The cable, expected to be completed by June 1978, will provide 1,380 telephone circuits between the two countries. Each of the eight
      164 words
    • Article
      Case will introduce test and tell scheme
      463 2  -  »r PETER CHIA THE PUBLIC today has little means of assessing the quality of a product, especially In comparison with others. This will soon be remedied, If the Consumer Association of Singapore (Case) succeeds in its product test programme involving tests on a
      463 words
    • Article
      Lock icon UK clinches $1.2b deal with Peking
      371 2 AP BRITISH and Chinese trade sources disclosed yesterday a multi-million dollar trade deal Involving Britain, China and Hongkong. The agreement in principle, arranged secretly last month In London between British Trade Minister Edmund Dell and his Chinese counterpart, LI Chiang, will be worth about
      AP  -  371 words
    • Article
      ITB visits two firms
      40 2 MEMBERB of the Industrial Board will visit two electrical firms today to check on training methods there. "The firms are Sigma Cable and Acma Electrical Industries. The board members will also visit the Jurong Power Station.
      40 words
    • Article
      MEMO PAD
      204 2 COURSES AND TALKS DATE8 TITLE LOCATION ORGANISER 9-30 9Feb 2 9-30 10-31 16-27 17-30 Industrial Application of Operational Amplifiers S.D. Module in Elements of Industrial Engineering Energy Management Module 1 Industrial Health and Safety LCA Module I Mechanisation of Production Processes Sales Management YMCA Palmer Road Hotel Royal
      204 words
    • Article
      Lock icon KL TEXTILE PACTS FAVOURABLE
      594 2 AFP. TEXTILE manufacturers In Penang are happy with the new textile agreements with America and the EEC which provide for Increased quotas. They pointed out, however, the Increase of 2 to 3 per cent would only enable the industry to maintain the present level of production
      AFP.  -  594 words
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      489 2 Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. j This book is about'the efforts of poor nations to gain some control over their own economies end the role of IMF in frustrating these
      489 words
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      1 2 THE
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      548 2 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Ctub egged on in a race? (9) Double talk? (5) 9 Where knlfhu arrived by chance? (7) 10 Cat's perfume (S) 11 Witty girl? (S) 12 Possibly harms wet land (9) 13 Shift to Rome, maybe, with Val (7) 19 Tale of a
      548 words
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  • OVERSEAS
    • Article
      Lock icon IMF halves drawings from resources to 3.4b SDR
      280 3 Reuter. THE IMP Mid drawings on lta resources fell to 3.42 billion special drawing MSk l i&r'' ran Repurchases toUlled a record 2.93 billion SDR, SSL?' In 1970, repurchases, or repayments, totalled 1.27 billion while at the end of ••ft year, net
      Reuter.  -  280 words
    • Article
      Lock icon Major monetary reforms move at snail's pace
      308 3 AFP. RATIFICATION of monetary agreements made at the beginning of 1978 at the Jamaica conference of the International Monetary Fund is proceeding slowly. The Fund In a memorandum released on Monday, said 66 members representing 65.04 per cent of votes In the organisation
      AFP.  -  308 words
    • Article
      Lock icon IMPACT OF THE KODAK VERDICT
      262 3 AP, Reuter. THE EFFECT of a US Federal Jury ruling that Eastman Kodak is guilty of monopolising camera, film and colour-print paper markets may not be felt by the photographic Industry for long time, if ever, according to lawyers and analysts. Brenda Lee Landry, an
      AP,; Reuter.  -  262 words
    • Article
      Lock icon Little to spark buying interest in US stocks
      742 3 Reuter. THERE IS little in President Carter's State of the Union message which promised US$25 billion (5558.25 billion) tax cuts to stimulate overseas buying interest in U8 stocks, broking and investment banking sources In Europe and the Far East said. Buying of
      Reuter.  -  742 words
    • Article
      Lock icon Fears of heavy loan defaults unfounded
      897 3 AP Reuter. US BANK loans to foreign countries Is increasing at a slower rate and is no cause for alarm, the Treasury Department told Congress on Monday. The International banks, including some of the largest in this country, have become a major factor in
      AP; Reuter.  -  897 words
    • WORLD IN BRIEF
      • Article
        Lock icon SELLING TOPS BUYING
        470 3 Agencies JAPAN'S protracted economic slowdown has caused foreign investors to sell k Japanese stocks more than they buy for nearly one and a half years. According to the Tokyo Stock Exchange, foreign selling topped buying for the 16th straight month last November. Foreign selling through Japan's 12
        Agencies  -  470 words
    • Article
      Lock icon Canada welcomes Tokyo's efforts
      108 3 AP TOKYO, Tues. Can*-, 01 an Foreign Minister Donald Jamieson told Japanese Foreign Minister Sunao Sonoda today his country highly appreciated Japan's recent efforts to reduce its trade surpluses. Mr. Jamleson arrived earlier today for a six-day official visit. Mr. Sonoda said that every trade Ktner
      AP  -  108 words
    • Article
      Blumenthal sees Treasury financing needs at $163b
      303 3 US TREASURY Secretary Michael Plmnwthil uM the Treasury's financing requiremeata will W iW US$7O billion <***** billion) i> fiacal 197 V, "|ln or tak* five biilioa", or about the *aae ao tk eurront flocal year. Mr. Blumeathal nMlaa statement tW exact ameuat af
      303 words
    • Article
      Lock icon Congress urged to reject tax deferral move
      686 3 NYT. THE US Congress has been urged to reject President Carter's foreign tax deferral proposal. The call was made by Pfizer Inc. chairmanchief executive Edmund Pratt, chairman of the emergency committee for American trade. He said the committee feels US companies should Rthe
      NYT.  -  686 words
    • Article
      US economy depends more on Third World
      294 3 ONE OF the most critical issues facing the United States is Its economic and political relationship with developing countries. In his State of the Union Message delivered to a joint session of the Congress, US President Carter said that SS* P, S economy
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  • Page 3 Advertisements
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      320 3 MOO Olivetti TCBOO terminals update a Canadian banking network* Banks know whom to trust* The problem To progressively update a banking data transmission network that spans a continent vaster than all of Europe four thousand miles from coast to coast. In the process, to automate in real time the counter
      320 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      313 4 OPENING prices In Singapore yesterday were marked down slightly, following weaker London advices but recovered and firmed slightly on news that the Carter administration is seeking supplementary funds to acquire strategic stockpile materials this year. The afternoon session was quiet and slightly easier oh profit-taking.
      313 words
    • Article
      RAS PRICES
      354 4 Prices in cents per kilo yesterday: Noon Close (per kilo) (par kilo) Int. 1 R S 8. prompt f.o.b. Buyers Sellers Buyers Sellers 202.00 202 SON 201.00 201.SON Int. 1 R.S.3. February 202 00 202 50 201 00 201.50 Int. 1 R S S. March 202 S* 202
      354 words
    • Article
      SSR AND SMR
      102 4 NOON SSR and SMR prices yesterday: RAS rmwy (Current MUD Buyer* gellera (cents parks) Maren (f orward Mlh) Buyers Sellers (cents per k() SSR 20 SSR 50 (1-ton pallet) (1-ton pallet) 193 50 195.50N 191 50 193,SON 194 SO 192.50 198 SON 194 50N MRELB SMRSCV SMRSL
      102 words
    • Article
      Closing prices
      31 4 Rubber: Jan 24 Singapore: February 201.00 cents (up 0.75 cent) Malaysia: February 203.00 cents (up 0.50 cent) Tin: f 1,600 (down 110) Official offering: 275 tonne* (down 25 tonnes)
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    • Article
      Rice
      207 4 BANGKOK rice prices were quoted as follows yesterday: (US dollars per tonne (ot> basis Bangkok): While like: 100 pet Ist class 370, 100 pet 2nd class 355, 100 pet 3rd class 350. 5 pet 341. 10 pet 323. 15 pet 320. 20 pet 317. 25 pet 315. 35 pet
      207 words
    • Article
      Produce exchange
      392 4 PRICES remained unchanged in very thin trading at the Singapore produce market yesterday. Only about 10 tonnes of loose pepper arrived from Sarawak against past orders. Reports from India said that the Malabar pepper now on-tap is lower than the previous crop. With most of it already committed
      392 words
    • Article
      Coffee
      175 4 v/v*. MARKET sources in London yesterday said talk that Brazil had lowered its minimum export registration price to 200 cents per pound for March/ April shipment from 210 cents for Jan/ Feb shipment had a bearish impact on both Robusta and Arabica coffee markets. Robusta futures opened l'2o to
      175 words
    • Article
      Cocoa
      151 4 TERMINAL cocoa In London yesterday was down from Monday night at the opening call by 115 to £2.50 per tonne. Market sources said hedging and new short sales were featured against trade reports of Cameroon origin selling in the morning of nearby shipment cocoa. Nigeria was reported by traders
      151 words
    • Article
      Palm oil
      74 4 t'.I.K. US <Mtur |**r Uki LONDON Malaysia 5% f(a hulk Mnrrh Mwdn PmiMR SOS air 505 sir Sumatra 5% ffu Jiin 530/535 pd 530/535 pd Kfb 535 sir 535 sir March 510 sir 520 sir April 492.50 sir 505 sir May 485 sir 500 sir Jiiiw/July 470 pd
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    • Article
      Straits tin
      192 4 THE STRAITB Un price in Penang yesterday weakened another MHO to 51.660 per plcul on an official offering down 25 tonnes to 275 tonnes. Dealers said the continued weakness was due mainly to high supplies of tin metal from miners and easier conditions In London on Monday. In
      192 words
    • Article
      Sugar
      213 4 TERMINAL sugar in London yesterday opened £0.85 per tonne higher to unchanged, slightly up from Monday night's fully steady kerb levels. Sentiment was Influenced by market talk that Iran may have bought up to 100.0Q0 tonnes of white sugar over the weekend, dealers said. Market Indications that Sri Lanka
      213 words
    • Article
      Hongkong comex
      124 4 SUGAR futures yesterday closed 0.05 to 0.15 US cents firmer In fairly active trading, in line with the overnight trend In this New York market. The Hongkong dally spot sugar price rose 0.10 to 0.05 cents. Sugar futures closing prices CMsg aZstag" Mch 9 41/83 49 40 May
      124 words
    • Article
      SPOT PRICES
      197 4 TARN and cotton In Hongkong dollars. not ex-godown CNh Tan: China Blue Phoenix 20s 1.(19. 32■» 2.015. 40*1 2.110. (per bale of 400 lbs) Place Gm4i: China Butterfly and Olobe Brand unq. Dragon Head una. Flee Lamb* una. Flower and Butterfly unq. Flying Oeese unq (per pMee M
      197 words
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      Soybean
      76 4 SOYBEAN futures extended an early recovery to finish Just off the day's hlfhs with gains of 8-3/4 to 5-1/2 cents a bushel In Chicago on MondaySoybean product futures moved upward after recovering early losses. Oil potted gains of 0.36 to 0.05 cent a pound and meal finished up USf
      76 words
    • Article
      Wheat
      46 4 WHEAT futures hekl gains of two cents to 1/4 cent a bushel at the close but ended below the session's highs in Chicago on Monprofessional house was a big early buyer, adding to the support, but sold later, contributing to the easing from the highs.
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    • Article
      Copper
      253 4 COPPER wire bar* finished the morning in London yesterday showing losses of 15.50 for cash and C 6 for Three Months. Values were steady at the start of the pre-market in line with the overnight trend at New York. But general liquidation soon depressed ring prices based on Kennecott
      253 words
    • Article
      Silver
      177 4 SILVER showed gains of 2.5 to 2.2 pence per troy ounce in London yesterday. The sharp overnight gains at New York and the strength In gold were the main firming Influences, dealers said. Profit-taking, however, shaded values in late dealings. Turnover was 44 lots. On Monday, silver on the
      177 words
    • Article
      Gold
      303 4 THE KHOBAR tn Singapore yesterday opened ***** higher at 8113,311 and closed at 8113,304 wtth narrow fluctuation. In the London market, the metal opened at U*****.45/75 and closed at the same level. The London morning fix was U*****.10, up $1.90 from the previous fix. Source: M i-«* Retail prices
      303 words
    • Article
      Zinc
      69 4 ZINC fell by mostly £15 per tonne In London yesterday. A combination of stale bull liquidation, stop-loss and chart selling pushed Three Months down to C 343 per tonne during kerb trading In the face of extremely thin short-cover-lng support, dealers said. On Monday, the metal lost 17.25 for
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    • Article
      Lead
      69 4 LEAD on the morning in London yesterday fell by £9 for cash and £8 for Three Months. The market fell to £315.50 for Three Months in the ring before finding some short-covering support but then worked down to £313 on the kerb. On Monday, the metal fell by til.SO
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        572 4 THE FOREX market was extremely quiet yesterday. Rates moved only within very small margins, and the U8 dollar reversed an early weakness to finish marginally stronger than the other major currencies. The U8 dollar opened at about 241.25/30 against the yen and eased to as low as 241.20/30
        572 words
      • Article
        Minimum lending rates
        59 4 ACBC 7 AlfnwM Bank 7 Bangkok Buk 7 B**k of Aaarica 7 Bank rfCUu 7 Baak of Tokyo 7 Buk Naftri MMMH 7 Pint Chicago 7 Citibank 7H H8BC 7 7v« Malayan Banking 7 MiUui Baak 7 OCBC «S OUB 7 Ckartorod Buk 1% Ckmm Nuktttu.... 7
        59 words
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        Asian $ rates
        109 4 Asian rates ASIAN currency deposit Interbank rate* u at ekac on Jta H U0MUn(lH() Offer BM 2 mth 2 mths ...j. 11/$ 71/0 79/4 mths 7 11/1$ 77/1 8w. Pn. talirt Dam. 1/2 l/li 3 1/1$ 6 mths 1 0/10 31/10 It mths 2 1/9 30/10 Mm.£ bt( 1 mth
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        Discount
        43 4 RAWOr of price* offered tor ducc houae* on Jan 24: Oernifht 3*% Call deposit: Jw% 3-Month Treuury bllli 1-Month Bank Nil* 3-Month CD 6-Month CD Bmyim* 3* 4% s vie 5 11/14 MM* 3* 4« Sl/M 5«/ie Source: National Discount Co Ltd.
        43 words
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        Euro $ rates
        149 4 Euro rates LONDON Eurodollar deposit rates opened mostly steady yesterday in continuing quiet trading with operators reluctant to open etions for the time being to continuing uncertainty over the outlook for the US economy. Bhortdates had a slightly softer undertone although rates were not altered, following the Federal Reserve Intervention
        149 words
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        London
        169 4 THE DOLLAR yesterday declined against major currencies in initial trading but then edged slightly above early Indications. Sterling forward premiums over the dollar showed little movement despite some expectations of a small cut in British minimum lending rate this week from its current 6 1/2 per cent. The dollar
        169 words
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        New York
        138 4 THE DOLLAR weakened slightly on Monday in lacklustre. featureless trading, primarily reflecting the absence of major positive news. Sterling closed at $1.9430/40. compared with its opening of 1.9400/10, while the Swiss franc edged up to 50.45/50 cents from the opening 50.25/32. The mark closed narrowly higher at 47.37/40
        138 words
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        Tokyo
        87 4 THE DOLLAR for overnight delivery yesterday closed at 241.45 yen, up from a 241.40 opening but down from 241.73 at Monday's close. Trading was moderate with volume 5230 million. No Central Bank intervention was detected. Banks and traders were cautiously awaiting US December trade figures to be announced this
        87 words
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        Hongkong
        125 4 THE US dollar yesterday reversed an earlier weaker, tendency to close above the day's lowest levels in thin trading. It was quoted at 2.1085/95 marks, slightly below New York's 2.1095/1110 and at 1.9825/55 Swiss francs against 1.9800/20. Sterling ended little changed at $1.9415/25 against 1.9410/20 In the US after
        125 words
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        Eurobonds
        301 4 TRADING in Eurobonds was quiet with prices generally mixed in London yesterday. In the US dollar sector, prices eased between 1/4 to 3/8 point on the weakness of the dollar. Eurobond prices quoted on Jan M: 9®al«hu BM Othr Shell 9% 90 NTS 97 Jo 8NCT9H04 W OO J**
        301 words
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        Zurich
        60 4 ZURICH exchanges closing quotes on Jan 23: OS 1,0070 ww Bt( I KM-MH Qui I.7MS-SSSO D Mk »4 0300-3)40 D n nMHttn r rr 42 0»00-1300 B rr 0 0000-0700 D Kr 34 0400-7022 M Kr M.OSS-IW4 S Kr 42 0003-7*oo ut •aw-aa An* Mb 13 IQ2S-1303 Part 4
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        Frankfurt
        34 4 PRANKPURT exchanges opening quotes on Jan 24. g» 1 I SSSii IUM#) at< 4.m/ioa D PI 03.30/10 s Pr 100 40/05 L«3.0*43» P P* ♦4.17/77 jf Kr 41. *4/14 tar (MM) 43/4* Was#*"*
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        Australia/NZ
        46 4 AUSTRALIA/ NZ exchanges on Jan 23: AUSTKALU: US dollar 1141 V 1.1307 •Urtat IW Mil bvrtnc raut UB do&r l.l 71» buyinc ml* ÜBdolJar 1.1301 NCW ZEALAND Stertln* 0 9003/0 UU US dotkr 10BS4/ 101*4 Ninety-day airmail buylnc rata* Merllnc 0.3577 US dollar I 0*34
        46 words
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      221 4 m**r E //OA 0 E m 9 0 TO i'/i v> I j?'/ S x>« S V'l I K Kaß i'|{ m f»»" tn!' as jjj fc h <* 111? %m I !M 'tt I KSi 2S DON'T CROWD ROUND OTHERS, LET OTHERS CROWD ROUND YOU! tcov-O' colleagues or at
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  • TRANSPORT
    • Article
      Shipping not likely to pull out of recession
      484 5  -  Br GOH ENG KEE FREIGHT rates and shipping profits are not likely to Improve very much during the first half of this year, a West German review of world shipping predicts. It has gone as far as stating there are unlikely to
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    • Article
      Lock icon Shippers get tough
      78 5 Reuter THE shippers councils of Denmark, Sweden, Norway and Finland have jointly requested the United States line conference, comprising eight European and American shipping lines, to annul a decision to Impose an emergency surcharge on freight to the US from Mftpph S The Danish Shippers Council said
      Reuter  -  78 words
    • Article
      Lock icon London freight
      172 5 AP SHIPOWNERS endured further rate cuts on a persistently slow London freight market on Monday. Soviet chartering agents, Glenas, secured two vessels to work a total of about 80,000 tons of February grain from the River Plate to the Soviet Black Sea at the 25 cents lower rate
      AP  -  172 words
    • Article, Illustration
      SHIPS IN PORT
      392 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bosna (after Bedlloyd Freetown) 10/11 Botany Triumph (Tanker) (1000 subject gas free) (C/O) 18 Cherry Vllja (B. Barge) Rafter Ocean Supply sails) Fujlyasu Maru (JAJU) (after Palm Sea Horse sails P/O) 14 subject gas free Hoegh Orris (1100 after Tal Ping It
      392 words
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      CALL FOR AIRLINES TO START THREECLASS TRAVEL
      256 5 THE CHAIRMAN of Air India. Mr. J.R.D. Tata, advocated on Monday the introduction rflkrw rlass travel on international flights aa a way of MjM substantial new traffic. Ho told the Pacific Aroa Travel Association conference held at New Delhi that he had been
      256 words
    • Article
      Far East Freights
      1149 5 GOOD BUSINESS has been transacted In the past week, but will not be reported at the request of charterers and shlDDers. Meanwhile, some ship owners are reluctant to go to Africa for fear of piracy. Freight rates for cement from European ports have Increased between US$l.25 and
      1,149 words
    • Article, Illustration
      NOL rides the slump well
      314 5 NEPTUNE Orient Lines was yesterday praised by Mr Tan Teck Chwee, chairman of Jurong Shipyard, for being able to ride the current slump In the shipping industry. Speaking at a reception after the launching of Neptune lollte, he said, that It Is a credit to
      314 words
    • Article
      Lock icon Sasebo to cut workforce and wages
      157 5 AFP SASEBO Heavy Industries, a major Japanese ship builder has announced an anti-recession measure calling for a 25 per cent cut in Its workforce and reductions of wages. The measure, submitted to its 6,300-member labor union, proposes that a total of 1,600 employees be
      AFP  -  157 words
    • Article
      Lock icon Serious talks
      89 5 AFP. PLANS for the creation of a Franco-Saudi shipping line are being "very seriously" discussed by Its promoter, Saudi Arabian businessman Akkram OJJeh, and the French Compagnle Generate Maritime shipping company. Sources said the proposed line would be set up under Saudi law, and that the French company
      AFP.  -  89 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      751 5 ARRIVALS ScrriM Ljcal Operator N«nr TMA TL304B 0530 TPE MAS MHOOl 0715 KUL MAS MH682 0810 KCH SIA 8Q101 0815 KUL MAS MH621 x 0835 PEN MAS MH607 0845 KUL MAS MH671 0045 PEN/KUL QIA QA90O 1030 HLP CPA CX710 1035 HLP THAI TQ423 1035 BKK SIA
      751 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      103 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Call us for your local o onward reservations PHASE 1 MOST IDEAL LUXURIOUS •ADJACENT TO YIO CHU KANO ROAD HIGH-CLASS SPLIT-LEVEL GARDEN HOUSES. SELETAR HILL ESTATE. TREE SHROUDED SURROUNDING aIUXURY FITTINGS LAND PICTURESQUE 4 FASCINATING > INSTALMENTS -PROMPT DELIVERY FRESH COUNTRY
      103 words
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  • Article
    Tax deferral move is short-sighted
    447 6 IT IS becoming more obvious a* President Carter enters his second year in office that selling peanuts Is not the beet preparation for running a country's economy. In fact, his first year will be beet remembered as an Incredible series of blunders over controlling inflection,
    447 words
  • Article
    Lending a helping hand to industries
    191 6 SINGAPORE'S success in Industrialisation Is mainly due to foreign companies and the technology they brought here. Take away this sector and what you have Is a handful of local entrepreneurs manufacturing products that are basic and of low-level technology. The Government's new product development
    191 words
  • Article, Illustration
    Lock icon PUTTING UP WITH YOUR RUBBISH
    2293 6  -  "As the general rate of change in society accelerates, however, the economics of permanence are and must be replaced by the economics of transience," Alvin Toffler, in "Future Shock." Although our rubbish may well one day be the delight of archaeologists seeking to reconstruct our
    BT Chart by Allan Chan  -  2,293 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      87 6 SEE PAGE 3 r (lie smoapura FORUM |S HOTEL 585 Orchard Road, S'pore Tel: *****2 A TREAT OF SZE CHUAN FOOD AT THE SZE CHUAN ROOM Is a heavenly delight prepared with care In the meticulous tradition of Sze Chuan Cuisine. You'll relish the fare at the See Chuan Room
      87 words
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      Page 6 Advertisements Column 2
      118 6 406/407 Harelock Road, S'porc 3. Tel: 4SSMI i lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Miss Mareeka (from the Philllpines), Miss Tang iLey. Sonny Bala The New Moonglows, and the Hl-Jacks treat you to a lovely evening of great sounds
      118 words
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      Page 6 Advertisements Column 3
      152 6 Oochid inn "an oti* In lh« ortont" 214 Dunearn Road, S'pore 11. Tel: 53U22 Moby Dick (24 Hr. Coffee Houae) Whet your appetite with our wide variety of Inter-Continental food laid on our buffet lunch table dally from 12.00 3.00 p.m.. Adults $8.00 3% Children 90.00 3S Weekends: Adults $10.00
      152 words
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      Page 6 Advertisements Column 4
      171 6 (Cockpit $oUI %P Oxley RiW Pmuo| Road. S'pore Tel: 37*111 Chanticleer Restaurant 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 kind of
      171 words
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      Page 6 Advertisements Column 5
      134 6 v I SNGAPORE HLTON Ml Orchard Road, S'pore 9. Tel: S722SS 4 Top of the Hilton Amral'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
      134 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      67 6 v: WEA THER outlook for Singapore from 6 am to noon today> Cloudy with slight rain at times. Report for 24 hour* prior to 7.30 pm on Jan 24 at the airport. Maximum Temperature 29.5° C Associated Humidity 71 Minimum Temperature 23.5° C Associated Humidity 98 Hours of Sunshine 0.66
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      274 6 RADIO SINGAPORE 5 3.00 P.M. Opening announcements followed by Serbanika (MalayRepeat) 3.30 Diary of Events (Malay) 3.35 Stars in Action The Big Pay Oay 4.00 The Doll Master and His Apprentice 4.30 Intermission 6.00 P.M. Opening announcements followed byElectric Company 6.30 News in Brief 6.35 Wild, wild, world of Animals
      274 words
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  • Article, Illustration
    Man with a dirty job
    489 7 HK LIMPS slightly. Hl* as It abort, m it If difto understand what ha ia atyiu- Amoat all the to Ewy morning, ho clears up the traah wo pile up during Boot 01 the day aad might from our hign-rise HDB flats. It is a
    489 words
  • Article, Illustration
    Malaysia's lifeblood is still agriculture
    1228 7 By Our Raportar THE rapid growth of Malaysia's manufacturing, construction and oil Industries In the last few Jaars has tended to vershadow the Importance of agriculture to the country. The fact remains that despite the impressive expansion of the newer industries, agriculture is still the
    1,228 words
  • Article
    A question of needs
    937 7  -  FORUM r ...on management h d •y GAN SEE KHEM Dr. Oan ti a lecturer tn the Department of Business Administration, University of Singapore. THIS discussion Is concerned with exploring an approach to the problem of developing organisations that can more adequately fulfill the needs of
    937 words
  • Article
    STRAWS IN THE WIND
    436 7 IF I am horrified by the thought of video-tele-phones whereby you can watch your yakklngpartner on screen nearby (what would I do If I couldn't pull faces, pick my teeth or read a book while I am being bored by most callers?), I am, metaphorically, speechless
    436 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      402 7 ss 1 HOTEL MERLIN SINGAPORE 7300 Beach Road, Singapore 7 Tel: *****11. MING COURT HOTEL Tanglin Road, Singapore 10 Tel. *****3. i HOTEL MIRAMAR 401 Havelock Road, Singapore 3 Tel: *****2. HOTEL NEGARA 15 Claymore Drive. Singapore 9 Tel: *****1. OBEROI IMPERIAL HOTEL I Jalan Rumbia, Singapore 9 Tel: *****6
      402 words
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      Page 7 Advertisements Column 2
      14 7 i A/v\ (_J 5 C AMUS, I G R»NO VSOP G t m &mk
      14 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Hongkong
      304 8 HONGKONG: The stock market closed firmer yesterday on mora local buying interest In continuation of Monday's rally, dealers aid. The Hans 8en« index was up M M to 410U. Turnover* on the four ex- changes totalled S28.23 million, ■as compared to S3.17 million previously. JAN M HK* Amil Rubber
      304 words
    • Article
      Tokyo
      402 8 TOKYO: Share prices closed lower yesterday led by export orientated Issues following a fall on Wall Street, dealers said. The Dow Jones average fell 20.35 to close at 5.025.89 with volume of 230 million shares. The New index closed at 374.35. down 0.60. The second market closed lower with
      402 words
    • Article
      Sydney
      252 8 SYDNEY: The stock market closed mixed In quiet dealing yesterday, with dealers saying they are still awaiting consumer price figures now expected next week. The Sydney All-ordinaries was up 1.10 to 4M.33. JAN M Cents INDUSTRIALS A.C.I A.N.I A. P.11 Ampol Pet B. H. P Bank NSW Boral Bramble*
      252 words
    • Article
      Manila
      124 8 MANILA: The share market closed mixed yesterday with oil and commercial averages posting small gains while minings declined, dealers said. Turnover rose to 2.90 million pesos from Monday's 1.83 million. JAN U Pesos Acoje Mining .0071 -0.0002 Atlas Con A 13.80 -0.1 Atlas Con. B 13.(0 unch Bagulo Oold
      124 words
    • Article
      Bangkok
      153 8 Asia F bre 2M 396 380 ♦1 +2 >10 ill K :?W1 DOtltS Bat* nBank Bertl Jucker Carpet Intnl Charoonj Thai Wire Dumex DusltThanl Faber Merlin First Trust Genera Finance Indo-Thai Industrial Finance Cora J And J Ho Jalaprathan Cement Kamaiuta Lee K wan« Mln MetalBox New CTly Raja
      153 words
    • Article
      Amsterdam
      251 8 AMBTIRDAM: Share prices dosed narrowly mixed tn very quiet trading due to lack of Interest on Monday, dealers said. Dutch Internationals closed up to 30 cents lower. jan a Ahold AJtao r» 100 to n oo 4U -0.3 Alfbank AMKV MB SO 77.>8 +0 5 1.2 Am In *****
      251 words
    • Article
      Brussels
      108 8 BRUSSELS: Belgian share prices were mainly lower In quiet trading on Monday, bourse sources said. JAN 23 Fr» FORWARD market Acec Arbed Astur Brajran Bru-Lamb Canpac Cock De Been Ebes Electro be! Ob-Inno-Bm Oe» Hobok Petro Ryl Dutch Sldro Soc Gen Bel( Soflna SolvayA Tanks U Mln V Mont
      108 words
    • Article
      Frankfurt
      164 8 FRANKFURT: Leading shares were mostly higher on selective buying Interest on Monday, dealers said. Jan a Dm Atf-Telefunken 93 SO unch Akzo 2170 unch All* Lf ben MOB unch Alls Ven 494 unch BASF 142 20 unch Bay H T Wbank 293B unch Bay V ban It 313 unch
      164 words
    • Article
      Paris
      291 8 PARIS: Share* weakened on Monday following newt of the latest opinion poll In the magazine L'Expraa showing the (eft wing parties would now take more than half the seats In the Freneh National Assembly, traders said. JAN B Fr» CO KB KILLS Air-Liquid* 242 BSNOenrais Danone 327 C S
      291 words
    • Article
      Milan
      102 8 MILAN: Prices closed at the day's hlgns In moderate dealings on Monday, continuing past week gains, bourse sources said. AnocOen ***** +215 Efcilofl ***** ♦as +SM rut 1830 +11 Flnslder 76 +3 Oen Immob 75 50 +0.5 in Pri IMS +r Itaicementi 300 Ilalgu MO +25 Itilsider 110 +2
      102 words
    • Article
      Jo'burg
      332 8 JOHANNESBURG Oolds were firm towards the close oil Monday following favourable London bullion Indication*, dealers said. JAN S Rand INDUSTRIALS A Alpha 1M I Abercom 177 -3 AE And CI 223 unch AMIC 880 Barlows 300 ♦2 700 130 unch Currle Finance S5B De Been Ind 840 Edcon 190
      332 words
    • Article
      Zurich
      215 8 ZURICH: The market was narrowly mixed with some gains on selective demand as more stable foreign exchange markets contributed to a firmer undertone on Monday, dealers said. The Credit Suisse index rose 0.3 point to 290.5. JAN Francs Actions Sutsaes no unch AluauiaaeBr 1270 unch Alusulsae Reg MB -3
      215 words
    • Article
      Toronto
      177 8 TORONTO: Share prices closed weaker In moderate trading on Monday with the Composite index off a fraction and declines leading advances 202 to IM. Most sub-groups moved within a narrow range but the Oold Index jumped more than 32 points to reach Its highest level since July 26, 1974
      177 words
    • Article
      New York
      880 8 NEW YORK: Btock prices dropped on Monday to their lowest level so far this year as investors responded beartshly to President Carter's series of economic proposals. But adverse corporate news was equally blamed for the decline, which cost the D-J industrial average about seven points. The analysts said
      880 words
    • Article
      INDICES
      59 8 FINANCIAL TIMES INDUSTRIALS Monday 486.6 Friday 487.6 Week Ago 4*>4.2 DOW JONES AVERAGE INDUSTRIALS Monday 770.70 Friday 776.94 Week Ago 771.74 LONDON DOLLAR PREMIUM Monday 79* to 80 Friday 78 to 78 H H.K. HANG SENG Monday 406.65 Friday 400.27 Week Ago 388.71 SYDNEY INDUSTRIALS Monday 407.98 Friday 407.64
      59 words
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Mary Kathleen funds assured
      306 8 ASIAN COMPANIES Reuter MELBOURNE: Mary Kathleen Uranium said It has held discussions with its major shareholders regarding short term finance unUl normal shipping of uranium can be resumed. Details have yet to be finalised but the company has been assured of sufficient funds to cover Its
      Reuter  -  306 words
    • Article
      GEC plans handout
      171 8 EUROPEAN COMPANIES LONDON: The General Electric Co Is considering ways In which It could distribute to shareholders money received from the Government as compensation for nationalisation of Its share In the British Aircraft Corporation, aOEC spokesman said. No further details were immediately available. In January last year,
      171 words
    • Article
      Grand Metropolitan brews up profits
      134 8 LONDON: Oraad Metropolitan said its brewing and distribution business, particularly in the UK and Belgium, has performed well despite poor summer weather. It contributed £38.8 million to the trading KDflt of £128.8 million for e year ended Bept 30 against £32.5 million to a profit
      134 words
    • Article
      Premier buys North Sea Holdings
      159 8 LONDON: Premier Consolidated Oilfields said It purchased from a subsidiary of Soclete Financier* Europeenne the entire Issued capital of BFE North AA Holdings for US$l.65 million cash. The principal asset of North Be* Holdings Is an entitlement to receive part of the petroleum 'produced from
      159 words
    • Article
      Toshiba fall in income
      155 8 TOKYO Bhlbaura Electric Co said Its business outlook Is still unforeseeable for the current fiscal year ending March due to sluggish domestic demand and the yen's steep appreciation. The company reported an, 81 per cent fall in consolidated net profit for the first half ended Sept
      155 words
    • Article
      HK Land to buy complex
      71 8 HONGKONG Land Co said agreement has beenreached for Its wholly owned subsidiary Hongkong Land (Hawaii) NV to buy the Davis Pacific Centre, an of nee and commercial complex in the central business district of Honolulu. It said in a statement the property was bought from
      71 words
    • Article
      Lock icon Atlantic Richfield profit jump
      176 8 AMERICAN COMPANIES Reuter ATLANTIC Richfield Co. reported sharply higher profits for the fourth quarter and for all of 1977, which Is attributed partly to the opening of the Alaska Oil Pipeline. Arco's fourth quarter profits totalled U*****,126 million ($1.40 a share), up 37 per cent from
      Reuter  -  176 words
    • Article
      Cons Ed files increase
      91 8 CONSOLIDATED Edison Co said It filed a 5.6 per cent rate increase with the minoU Commerce Commission that would add about US$l25 million to revenues and about $67 million to Its net annually. In mid-October the state commission granted the company a 7.6 per cent rate
      91 words
    • Article
      Lock icon International Harvester
      94 8 Reuter INTERNATIONAL Harvester Co's cost reduction efforts should result In higher fiscal 1978 earnings even if total unit volume does not exceed last year. President Archie McOardell told the annual meeting. In the year ended last Oct 31, the company earned a record U856.92 a share on sales
      Reuter  -  94 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      402 8 -2-ill— i=iSf-I-CrE—■• m m i .Mil! \mm >—■Hr* i x I, I tm k« lsja v.-- 1~"a 5 s i J £***{<** Ui4 k/ ■a i i A THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn. For within the GREAT BOOKS are volumes that
      402 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      790 9 'tm *3*5 i N fiSK 38* r V-i \> srr"U vV* V'-/-V vsn ms 5' Sf> PPS m ~y4 j 'Y tfS* T •y~i £x> *i-S E«E jr■t*rs £fe Ho! SEtf f'JY W V '> V. A*d .1 «C*4.i r sets sSar &5* „<• ■ns 1 ?Sr w ~f fe-v<:
      790 words
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  • Article
    Transactions in Singapore
    1240 10 HD mi aSSte priaae *Wria»y 11a ted and tulim la u< Mpartad te the SUek Exehaaaa vMmim i *a*a*i*jr vkk the —har at Jem MM ■hum la a* l,BMauitt tea MMal CiMwf m mM after tM w«U »IK»". Sgßaard Mala (la lataatMM uIU) in <MtW iftor tM
    1,240 words
  • Article
    In Kuala Lumpur
    1345 10 TJID and offer pricaa officially pj(t*d and builMtl in and ,reported to the Kuala Lumpur (Stock Exchange jwterdajr with the number of iharea traded •kown in bracfcota in lota of 1,900 unite unleea othorwiae epocifiod. inouitriali Allnenwta (3.10B). A leant (2.508 3.508) <S) 2.55. A Choe (1.178)
    1,345 words
  • Article
    Corporate bonds
    125 10 B O T 8 1/2% IMI (100.000) (IOOftB 1018) B O T 7 1/8% 1864 (100,000) (95ftB 96H8) BOT Floating IM4 (100,000) (M*B 99ftS) C Itoh 8 1/8* 1804 (100,000) (96ftB 978) Credit Lyaaaala Flaatteg 1808 (100,000) (98ftB 998) EIB 8% 1862 (100,000) (100HB 101*8) E I B
    125 words
  • Article
    Government bonds
    144 10 Rep Bpora D Mark 7* 1862 i lOO,000) (102ftB 103*8) tea Spare 6 1/2* 1883 (100,000) (102 SB 103*8) 4 3/4* 1/8/79 (250,000) (100.678 100.708) 5 1/4* 18/16/79 (250,000) (101.158 101.208) 8 1/4* 1/8/78-80 250,000) (101.10B) 8 3/4* 18/6/80 (250,000) (103.458) 4 3/4* 18/9/80 (250,000) (99.458 99.558) 8
    144 words
  • Article
    Unit trusts
    124 10 SINGAPORE UNIT TRUST IMutim' prices ktJuW The Commerce 1.77 l.M The Saving Fund 1.10 1.17 8'pore Prof Fund 0.81 0.M S'pore Security Fund l.M 11* INCOME BOND UNIT (Cm i »l prion) INCOME BOND 1.0* l.M MARA BUMIFUTRA FUND J— First Bumtputra 2 iS l.M l.M 1.23 I.li
    124 words
  • Article
    Stock options
    210 10 STRIKING price# of the stock options officially listed on the Stock Exchange of Singapore, the periods, hid and offer prices and business done yesterday. with the number of opCold Storage (March $1 70) (0.298 0.348) C and C (March $2.20) (0.538 0.608) (June 12.20) (O.MB 0.706) (2) 0.69
    210 words
  • Article
    SHARE INFORMATION SERVICE
    2387 10 itn/tm Hi«k U* Last Bale BBcno Oft DH NOI kl ME ON CSr Mat P/E Val (166) Ln 1M 133 Acma 141 INDC81 -1 iwa n. U r 0' 14 64 64 13 143 141 MO 110 MA MO 160 rn 422 146 165 56 212 57*
    2,387 words
  • Article
    CHICAGO BOARD OPTIONS
    1398 10 January 23 ON the Chicago Board Options Exchange, a total of 100,380 contracts were traded compared with 96,846 on Friday. OPTION APL JLY OCT STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR AUR Avon Avon-P Avon Avon Avon-P Bank Am Bank Am
    1,398 words
  • Page 10 Advertisements
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  • Article, Illustration
    Profit-taking hits prices
    652 11 SINGAPORE MODKRATB activity took plat* la slightly easier rsndWo— on the Stock Exchange of Singapore yeetermarket ipensd on a quiet note with prices gnerally easing. Seatiassti kowtvaTi laim ovsd slightly in the afternoon but ■oct couatcrs could not recover fully tUr earlier Ob balance, declines outnumbered advance*
    652 words
  • Article
    Kuala Lumpur slightly easier
    508 11 PROFIT-TAKING and some stale bull liquidation forced prices to close marginally easier on the Kuala Lumpur Stock Market yesterday. Interest was very much subdued, apart from a handful of volatile lowerpriced stocks in the Industrial, property and hotel sectors. As a result, trading volumes were trimmed
    508 words
  • COMPANY NEWS
    • Article
      DIVIDENDS ANNOUNCED
      291 11 IlwJ—lelTla LmrPnkTIi UH M'eee Kabber LT.Pu MCOaaa CaadC bohbiKaltM SEA Lusher Gamut 90*1 30*1 Ml 7*1 TMTKb) 18* 10*1 3*TTE fa DM* Jan 3 Dec 39 Jan 9 Jan 11 Dae 38 Jan 18 Dec 38 Jan 11 Dale pay* Jan Jan Jan Jan Jan Jan Jan Jan
      291 words
    • Article, Illustration
      HK Land buys building
      202 11 HONGKONG Land yesterday announced that agreement hat been reached for iu wholly owned subsidiary, Hongkong Land (Hawaii) NV, to purchase the Da vies Pacific Centre, a 23-storey office commercial complex on a freehold site in the central business district of Honolulu, Hawaii, from Theo H. Da
      202 words
    • Article
      Midland takes stake in FOCL
      80 11 FIRST Oversea Credit Ltd (FOCL) yesterday said that agreement has been reached for the Midland Bank group to acquire the 40 per cent shareholding in Its equity formerly held by Citibank NA. The holdings of the other shareholders, OverseaChinese Banking Corporation Ltd, Oreat Eastern Life
      80 words
    • COMPANY MEETINGS
    • Article, Illustration
      PEOPLE IN BUSINESS
      248 11 Darty Engineering Pte Ltd hM appointed Mr Bromley managing director of the company. Mr previously with the Lonrho group of companies in West Africa. Mr Bromlev retains his managing directorship of Conqulp Pte Ltd, Singapore. a member of the Slme Darby group. Jar dine Matheaon L Go
      248 words
    • LATEST RESULTS
      • Article
        BERJAYA Kawat:
        52 11 Unau- dited pre-tax profit M 51.41 million ($1.95 million) for the first half year ended Oct 31, 1977. Sales $12.25 million ($11.68 million). Net profit $738,000 ($1.95 million). The company says comparative figures are approximations only as It has changed Its year-end to April only during the current
        52 words
    • Article
      Loytape on how that loan will be applied
      349 11 LOYTAPE says that the $4 million credit facilities It recently arranged with Bank Buroh will be used to stabilise the company's long-term liabilities, provide working capital and setUe Its other liabilities with previous bankers. Replying to the Kuala Lumpur Stock Exchange queries,
      349 words
    • Article
      General Lumber buys to economise production
      251 11 THE acquisition by General Lumber of all the fixed and productive assets of Federated Kilning and Exporting (FKE) is expected to improve its production layout. This was revealed by the company in response to the Kuala Lumpur Stock Exchanges queries on the benefits to
      251 words
    • Article
      Bleak prospects for Singapore Finance
      715 11  -  •r MANO SABNANI PROSPECTS at Singapore Finance in its current year look bleak, if the company's Interim performance Is anything to go by. For the first six months of the current year ending April 30,1978, group pre-tax Kflt has been more than ved from 51.84
      715 words
    • Article
      Metro to streamline its operations further
      562 11  -  •y ARTHUR NG IN A MOVE to streamline Its operations further, Metro Holdings Is to separate Its retailing and wholesaling activities with effect from the next financial year. According to an announcement released by Metro last week, all Its wholesale agency lines, such as
      562 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      146 11 Don t let the language barrier stop you from wider o> contacts I f ■*kS r u P> 8 o v Of* 5 it** *o f4. e .1 Y*° .vO e sN c\ P°ae^° 6 U SSSS y <Ki K* A t r I' rtfcft >* YOU SIMPLY CANNOT FAIL
      146 words
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  • Article
    Tin industry reels under heavy taxes
    1088 12  -  SMUGGLING A GROWING NUISANCE »y CHAN BONG SOO MALAYSIA'S Un production last year is estimated to b« 4,000 tonnn down on »76's $3,500 tonnes. This Is partly due to the growing incidence of smuggling induced by rising prices and heavy government tax levies. In
    1,088 words
  • Article
    Lock icon SETBACK FOR TAIWANESE WORLD TEXTILE SALES
    672 12 Agencies TAIWAN'S textile exports last year fell 7 per cent from 1976 though still topping the export list. A ranking trade official said In Talpeh: "This Is the first time over the past years that our textile exports have suffered sluggish sales In world
    Agencies  -  672 words
  • Article
    Philippines reverses its annual deficit
    222 12 THE PHILIPPINES ended 1077 with a balance of payments surplus of U*****.85 million (*****.45 million), reversing a deficit of the previous two years. According to the central hank, In 1975 the deficit was $521 million and $160.84 million In 1976. Last year's surplus was largely
    222 words
  • Article
    LONDON STOCKS
    760 12 LONDON. Tue. Gold shares extended their recent gains by tip to H point while other stock prices lost ground in quiet trading. Government bonds fell by up to on light to moderate selling in a market largely devoid of buying interest. Speculation over the possibility of a small
    760 words
  • Article
    Discount fare for Asean fair
    141 12 FIVE Asean-based airlines will grant a 35 per cent fare discount to participants and visitors of the region's first trade fair due to begin In Manila on May 7. Officials said yesterday in Manila the flag carriers of Malaysia, Singapore, Thailand, Indonesia and the Philippines
    141 words
  • Article
    Lock icon Iraq will persist in bid to correct oil price
    339 12 AFP. Reuter. IRAQ will continue pre— lag tor aa oil price "correction" despite opposition from a Minority of oil eeuatries. Iraqi Oil Minister Tayeb Abdel Karim said Opec's Caracas meeting last awtk was "a failure due to pressures from forces outsMs
    AFP.; Reuter.  -  339 words
  • Article
    Lock icon Trade disaster if Tokyo Round fails
    807 12 Agencies. THE WEST'S three major economic powers the United Btates, the European Community and Japan proposed on Monday to complete trade talks this summer In order to defend thjtfr post-war free trade system against rising demands for protectionism. The three also proposed that tariffs
    Agencies.  -  807 words
  • Article
    Buffer stock brewing
    368 12 MAJOR coffee producing and consuming nations meeting in London are exploring the possibility of setting up an international coffee buffer stock aimed at stabilising world prices and plugging production shortages. The proposal was contained in a European Common Market (EEC) document presented to the meeting which began
    368 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      240 12 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 Offices,
      240 words