The Business Times, 7 October 1978

Microfilm: NL9863
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 21V1/78 SATURDAY, OCTOBER 7, 1978 SO CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Atlas Cons loan
      80 1 AFP. HONGKONG, Frl. A US$BO million (***** million) loan agreement was signed here today between Atlas Consolidated Mining and Development Corporation, the largest mining company in the Philippines, and a syndicate of international banks led by Bank of America and the Hongkong and Shanghai Banking Corporation. The
      AFP.  -  80 words
    • Article
      Lock icon Japanese budget
      55 1 Reuter. TOKYO, Frl. The Lower House of the Japanese Diet (Parliament) this evening passed the government's 715 billion yen (588.5 billion) supplementary budget for fiscal 1978 ending next March. The supplementary budget is designed partly to finance the 2.5 trillion yen programme of additional spending announced by the
      Reuter.  -  55 words
    • Article
      Lock icon Tokyo shares soar
      78 1 Reuter. TOKYO, Frl. The market average on the Tokyo Stock Exchange briefly touched a postwar high of 5,800.43 In active trading today, but dosed lower after profit-taking pared early The average, which soared above 5,800 for the first time, closed at 5,702.54 with a total of 410
      Reuter.  -  78 words
    • Article
      Landing rights
      87 1 KUALA LUMPUR, Frl. Malaysia will be given landing rights to Hanoi and Ho Chi Mlnh City In Vietnam under an air services agreement between the two countries which Is expected to be Initialled tomorrow, a source said today. "We will also be given the right to fly from
      87 words
    • Article
      Pony riding high
      62 1 KUALA LUMPUR, Fri. South Korea plans to penetrate the highly competitive and rapidly growing Malaysian car market by Introducing Its highly popular ear "the Pony", here next year. The trade manager of the Korean Trade Promotion Corporation (Kotra) here, Mr. Lai Leong Nam, said the car should
      62 words
    • Article
      Lock icon US jobless rate
      80 1 UPI. WASHINGTON, Fri. The US unemployment rate rose only slightly to 6 per cent In September despite a significant Increase In the number of Jobless teenagers who lost their summer Jobs, the Labour Department reported today. The Bureau of Labour Statistics reported that the total number of
      UPI.  -  80 words
    • Article
      Lock icon Dow Jones
      61 1 UPI NEW YORK, Fri. Prices headed higher early today In sluggish trading of New York Stock Exchange Issues. The Dow Jones Industrial average was ahead 2.86 points to 879.32 shortly before 1500 OMT. The closely followed average gained 8.57 points over the past two sessions. Advances outdistanced decline*,
      UPI  -  61 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      148 1 Rises Most octin -e Mifium Corps 354 Wearnee 372 OCBC 890 M Banking 535 DBS 460 Co na plant Wrto 418 Naayaac Pfin 348 Ayar Hitaa Tin 1180 Nat Iran 620 C*C S65 OUB 396 Spare Merlin 386 Sal Cocaauta 318 PafiMaU 175 Kuehai 130 UOB 380
      148 words
    • Article, Illustration
      In Kuala Lumpur
      157 1 Rites Most active Ming CfiUtt Rahman Hyd Sea Corp AHltam(T) Tractors 2.20 5.35 7.90 11.80 5.60 .35 .35 .30 .30 .20 Haw Par 590,000 S. Darby 384.000 M. Credit 349,000 Consplant 321,000 M Banking 5.45 .15 Total Turnover: 4.28 m FjuidN 5.80 .15 Total Value: MS 10.48
      157 words
  • Article
    Aluminium rivals locked in a race
    1026 1  -  EAST MALAYSIAN VENTURES By RONNIE LIM A RACE to see who gets off the starting block first seems to have developed between two proposed aluminium producing plants in East Malaysia. One Is In Sabah, being developed by Aluminium Peehlney and Hyundai Heavy Industries and
    1,026 words
  • Article
    Things are going Indonesia's way
    171 1 THE US Department of Commerce said on Thursday that the economic outlook for Indonesia appears favourable. The Indonesian government seems determined to make the most of the convergence of events, boding well for Indonesia, Its trading partners and those foreign firms willing to spend the
    171 words
  • Article
    Japanese hear out private sector's wishes
    655 1  -  ■y JOHN LIM SINGAPORE'S private sector wants more Joint ventures with Japanese companies. The latter were also told to avoid taking over the agencies of their products from local businessmen once these goods have been successfully launched. Local exporters would also like to see
    655 words
  • Article
    Lock icon HK WOOS JAPAN
    79 1 Reuter HONOKONO will send a high-level economic mission to J&p&ftnext month to impress on Japanese business leaders the new opportunities Hongkong can offer. Announcing this, the colony's Commissioner of Industry and Customs Bill Dorward said the mission's main objectives are to Increase Japan's awareness of the economic
    Reuter  -  79 words
  • Article, Illustration
    Exchange files suit against Review
    205 1 THE COMMITTEE of the Stock Exchange of Singapore has taken oat libel ■ait against the Hongkongbaied magazine Far Eastern Economic Review. The five-member oommittee is claiming damages •f an undisclosed sum following allegations of insider trading contained in an article headlined "The unsure path to
    205 words
  • Page 1 Advertisements
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  • TRADE AND INDUSTRY
    • Article, Illustration
      CARRY ON AIRING
      120 2 INTERNATIONAL Airconditioning Corporation (S), a wholly-owned subsidiary of Carrier International, is conducting a six-week intensive system design course. The course covers subjects such as psychro metrics, load estimation, equipment selection, system design and layout. The present course is the twelfth in the series and there are 22
      120 words
    • Article
      Pledge on equity participation
      331 2 MALAYSIA is committed to maintain unchanged the equity structure approved for any project with foreign participation. Dispelling fears of subsequent changes, Datuk Lew Sip Hon, Deputy Minister of Trade and Industry, said: "This has not happened and will not happen in the future." Datuk Lew told
      331 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      201 2 MB Ma Y*ug has been promoted assistant director of food and beverage at Shangri-La Hotel. Mr. Young is a graduate in hotel administration from Cornell University, with several years of on-the-job experience in the US. Citibank has announced the following promotions: NrJJa Chin Seag of Automation Centre
      201 words
    • Article
      Agent lands $7m in machine sales
      307 2 EAST German machines are making a mark in the Asean market. With the growth of industries in the region, a Singapore agent for these machines has netted $T million worth of sales in the past few days. Seamark, the local agent, is the organiser
      307 words
    • Article
      Vickers at expo
      60 2 ENGINEERING expertise in transportation systems will be highlighted by Vickers Design and Protects Division at this year's Transpo-Asia 79 exhibition in Singapore. Vickers will draw attention to its wide ranging engineering capability demonstrated by major contracts undertaken (or railway workshops in Hongkong and aircraft testing tac&ities for
      60 words
    • Article
      KL looks to more US investment
      852 2  -  GOOD RESPONSE AT NY SEMINAR By STEVEN TAN IF THE initial enthusiasm shown by US participants on the first day of the Malaysian Investment Seminar here is any indication, there is a good chance that Malaysia might benefit before too long from greater investments
      852 words
    • Article
      Asean oil hunt is still going on
      453 2 TENGKU Razaleigh Hamzah has said that oil exploration by foreign companies is being activtiy encouraged ir the Asean region, and in many places special incentives, which help to make the return on investment attractive, are given. Although Asean governments are taking an active
      453 words
    • Article
      MAKING KL A HUB
      254 2 DATUK Hussein Onn, who in the recent Cabinet reshuffle took the Federal Territory under his wing, has stressed the need for a concerted and coordinated effort to turn Kuala Lumpur into an important commercial centre. For the city to be worthy of such a status, the
      254 words
    • Article
      Fitzpat's eyes Malaysia
      137 2 PLANS have been made for the expansion of Pitzpa trick's supermarket, wholesale and retail trading operations in Malaysia. Mr Trevor Bedford, executive director and general manager of the Hongkong Land Company, owners of the chain, said there is a high potential for expansion -of Fitzpa trick 's
      137 words
    • Article
      MEMO PAD
      351 2 COURSES AND TALKS Sept 26-Oct 12: Industrial Relations, Holiday Inn, P.O.D. Oct 6-28: The effective executive, SIM, SIM Oct 9/10; 12/13; 16/17; 23/24: Business Module 4, RELC, NPB Oct 10-11: Metallic corrosion its causes and prevention, NPB, Hotel Royal Ramada Oct 10-13: Network analysis, SIM, Sim Oct 12:
      351 words
    • Article
      Can you afford a poor sales office?
      173 2 A POOR sales office is an expensive luxury. Even in organisations which carry out sophisticated marketing planning, use the best management methods and employ professional, well trained sales representatives the sales office can reverse this good effect. Failure to perform to high standards
      173 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      145 2 Total Poker is a book for winners: it's as good as having four aces and another up your sleeve. David Spanier clearly analyses modern play and modern players, with an in-depth examination of the tactics, techniques, bluffs and skills necessary for success at poker. The book gives a brilliant rundown
      145 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      604 2 I TWO-IN-CRYPTIC PUZZLE ACROSS 1 With which to feed one'i face (5) t OeU out of the way, chaos(s) Racing Doc? (7) It One man In the world of racing (5) 11 Name of a horn composition (S) IS People adjusting costs IS Be an average gobetween? (7) IS Some
      604 words
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  • OVERSEAS
    • Article
      Getting the right idea on motivation
      331 3 MANY Japanese business leaders motivate their employees by soliciting their Ideas and regarding them as important, says an international management consultant. In the United States, on the other hand, J. Edwin Whitlowv says he often notices a different philosophy. "I travel all over the
      331 words
    • Article
      Lock icon US dollar must be rescued
      306 3 UPI. A SWISS banker and a Japanese trade official painted a gloomy picture of the free world's economic future if the United States does not rescue the dollar soon. Mr. Hans Bar, chairman of Bank Julius Bar and Co. and Mr. Ryohei Suzuki, director of
      UPI.  -  306 words
    • Article
      Lock icon House backs veto on public works
      251 3 UPI. THE US House of Representatives has voted to sustain President Carter's veto of a US$lO.2 billion (Ss23 billion) public works Bill that he called inflationary, giving him yet another victory as the congressional session draws to an end. The vote, on Thursday, was
      UPI.  -  251 words
    • WORLD IN BRIEF
      • Article
        Lock icon COMPANY TAX CUT DELAY
        463 3 Agencies THE US Senate voted for a two-year delay in the corporate tax rate cut approved by the Senate Finance Committee as part of the overall US$23 billion (Ssso billion) tax cut bill. The finance panel ap- proved cutting the max- lmum 48 per cent rate
        Agencies  -  463 words
    • Article
      Anti-dumping suit move by Japanese
      322 3 JAPAN'S five ferrochrome and six acrylic fibre manufacturers are preparing to start legal action soon against foreign rivals on charges of dumping, according to- informed industrial sources in Tokyo. The 11 companies are expected to file complaints with the Japanese Finance Ministry and the Ministry
      322 words
    • Article
      BIG 'YES' TO TAKING OVER N. SEA PROJECTS
      167 3 DELEGATES at the rullag British Labour ftirty annual conference overwhelmingly approved a motion calling on the government to nationalise North Sea oil operations. The conference also rejected any control by the Common Market over the British government's energy policy. The party conference
      167 words
    • Article
      Lock icon Lending rates under pressure
      646 3 Reuter. RISING credit demand at major New York City banks ana continuing strong demand In other areas of the ftift>vL re llk#l t0 Pl»ce "P. wmnl Pressure on US interest rates. «ald this will complicate the Federal Keserve s attempts to keep monetae growth In check.
      Reuter.  -  646 words
    • Article
      Lock icon Move to tax Swiss banks further
      176 3 Reuter. i THE SWISS Finance Ml- nls try is considering whether to put forward i proposals for supplementary taxation of Swiss banks. Ministry sources, commenting on a report in the newspaper Tribune de Oeneve. said no definite decision has been taken either by the
      Reuter.  -  176 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      331 3 Our worid bankers work around the woricLaround the clock. ';V > i s IMpJk Singapore. 3f 10:27 a.m. Wt aW^PJ K. Furuhaca, Fujitsu (left); and VlllCaQOb H Jsurumaki, Bank of America, review Fujitsu's expanding II program of electronic expons and 19 discuss necessary documentation. London. 942 am Claire Taplett and
      331 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      505 4 THE Singapore market yesterday closed quiet and slightly easier with October One RSS buyer quoted at 256.50 cents per kilo, down 0.25 of a cent. The afternoon session was slightly easier following China's absence and some local and upcountry long releases. Forwards, particularly Jan/March 1979 which
      505 words
    • Article
      RAS PRICES
      373 4 R a s prices in cents per kilo yesterday: Noon (perkUo) Close (per kilo) Int. 1 R.S.S. prompt fo.b. Int. 1 R.S.S. Oct Int. 1 R.S.S. Nov Int. 2 R.S.S. UK/Cont. Int. 3 R.S.S. UK/Cont. Int. 4 R.S.S. UK/Cont. Int. 5 R.S.S. UK/Cont. Buyers 256.75 258 25 283.25
      373 words
    • Article
      SSR AND SMR
      94 4 NOON S8R and SMR price* yesterday: November Drcember RA8 (Current Mth) (Forward Mth) Buyer* Seller* Buyer Seller* (cent* per kg) (CM lUporkc) SSR20 (1—ton pallet) 232.00 234 00N 233.00 235 OON SSR50 (1—ton pallet) 230.00 232 00N 231.00 233.00N MRELB: SMR 5 CV (1—ton pallet) 270.00 271.OOS
      94 words
    • Article
      Closing prices
      31 4 Rubber: Oct 6 Singapore: Oct 256.50 cents (down 0.25 cent) Malaysia: Nov 267.50 cents (up 0.25 cent) Tin: M 51,895 (up $9) Official offering: 185 tonnes (up 45 tonnes)
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    • Article
      Rice
      128 4 BANGKOK rice prices were quoted as follows yesterday: BANGKOK rice in US dlrs per tonne fob basis Bangkok: White Rice: 100 pet Ist class 402. 100 rM 2nd class 387. 100 pet 3rd class 382. pet 377, 10 pet 352. 20 pet 342, 25 pet 332. 35 pet unq
      128 words
    • Article
      Produce exchange
      386 4 THE Singapore produce market closed from steady to firm yesterdayCoffee, coconut oil and copra held on to their recent increases while pepper added another $2.50 per picul for all grades. According to nominal quotes from the Singapore Chinese Produce Exchange, pepper muntok asta now sells for $355 per
      386 words
    • Article
      Hongkong comex
      146 4 THE sugar market closed steady In fairly active trading yesterday, dealers aid. The number of lots traded rose to 17, while the spot sugar price fell to 9.00 from 9.05 previously. January was quoted little changed at 9.15/19 and March at 9.35/37. Sugar futures closing prices: Cls< Prev
      146 words
    • Article
      Cocoa
      119 4 TERMINAL cocoa yesterday finished a short but hesitant first call £6.50 up to unchanged in London. Traders said the market appeared to be marking time prior to the release of the US third quarter grind. They said the US grind is still expected about 5 per cent down although
      119 words
    • Article
      Palm oil
      71 4 C.I.F. North European porta, in US dollars per ton unlets otherwise LONDON: Thursday Previou* Malaysia 5% ffa bulk per tonne November 590 sir 615 sir Sumatra 5* ffa bulk October 835slr/625pd 650 sir November December 607*slr/610/«05pd 820 sir January 800slr/«00/M7*pd 410 sir February unch 580 sir Nigeria 5%
      71 words
    • Article
      SPOT PRICES
      193 4 YARN and cotton in Hongkong dollars, spot exgodown: Cattaa Yarn China Blue Phoenix 20 s 1.800. 32 s. 2.640. 40 s 2.760 (per bale of 400 lbs.) Piece Gooda China: Butterfly and Globe brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Oeeae unq.
      193 words
    • Article
      Straits tin
      207 4 THE Straits tin price In Penang rose MIS per picul to $1,895 yesterday. London's rfse on Thursday and continued buying support from all sources helped the market firm, they said. The volume of tin supplies rose to 185 tonnes from 140 tonnes. A small rationing was reported with
      207 words
    • Article
      Lead
      61 4 LEAD on Thursday gained £17 for cash and £13 for Three Months In London. Earlier gains were extended after lunch on continued short-covering and chart buying opto £410 for Three Months which was the highest paid price since early May 1977. The highs .soon found profit-taking and values slipped
      61 words
    • Article
      Zinc
      40 4 ZINC on Thursday rose by C 8 for cash and C 8.5 for Three Months In London. The afternoon trend remained buoyant In sympathy with the general trend and upto £360 was paid for Three Months on the kerb.
      40 words
    • Article
      Sugar
      260 4 RAW futures closed £0.95 to IP. 50 per tonne down and turnover totalled 3697 lots on Thursday In London. The afternoon market Initially continued the morning's easier trend on continued selling and long liquidation in front of raw sugar selling tenders in Bolivia and Peru and Mexico however, renewed
      260 words
    • Article
      Coffee
      210 4 ROBUSTA futures yesterday ended the opening call quietly steady £2 up to £2 per tonne down after Initial losses of around £8. Turnover was 83 lots. November first traded down to £1,610 with Jan at £1,515 before recovering slightly to end the session respectively unchanged to £2 higher. Dealers
      210 words
    • Article
      Soybean
      38 4 CHICAGO'S late commercial buying enabled soybean meal futures to enlarge earlier gains and close 81-00 to 80.50 a ton higher on Thursday. Oil futures found no such support and closed 0.19 to 0.05 cents a lb lower.
      38 words
    • Article
      Wheat
      66 4 CHICAGO local and commission house buying near the close lifted Wheat prices to or near their highs for the day, up 1-1/4 to 2-1/2 cents a bushel on Thursday. The market proved buoyant throughout the session despite an overall lack of activity. Early support came from commercial buying ahead
      66 words
    • Article
      Rubber trading fairly active
      264 4 RECENT high levels have been consolidated and extended slightly on sustained demand, with trading fairly active throughout. Higher London advices and renewed China offtake made for an Initial improvement of two cents, and after a lull as China recessed for annual festivities, the slack was taken
      264 words
    • Article
      Copper
      319 4 COPPER wlrebars on Thursday gained £8.5 for cash and £8 for Three Months In London. The afternoon market was steadv in line with US futures although trading was slow. Three Months closed the ring at £772 per tonne. The Asarco price Increase to 70 cents per pound tended to
      319 words
    • Article
      Silver
      196 4 SILVER on the LME was up 0.4 to 0.2 pence per troy ounce on Thursday. Values were relatively steady after lunch In line with U8 futures although dealings were very slow. Three Months found light covering around the lower levels and closed at 301.8 pence. Early morning prices were
      196 words
    • Article
      Gold
      477 4 THE kilo bar in Singapore opened at SI15.M3 yesterday and closed unchanged. The' high and low were S$15,971 and S$15,918 respectively. The market remained quiet. The London spot gold market opened at US$223.10/. 40, rose very slowly but steadily to a peak of USS224.00/.30 before easing off to close
      477 words
    • Article
      Aluminium
      37 4 ALUM INI UN on Thursday was up £1.25 for Three Months In London The market was virtually neglected throughout the day and Three Months closed at £583.5 to £584 per tonne after only minor price movements.
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        479 4 THE US dollar yesterday staged a minor recovery and closed firmer against major currencies on the forelgr 'exchange market. opening at 187.45/o5 against the yen, the dollar first stayed at that level In quiet morning trading. London's opening saw the dollar firming, from 187.85/95 to close here at
        479 words
      • Article
        Asian $ & CD rates
        158 4 Asian CD rates Asian currency deposit interbank rates a* at dose on Oct U8 Dollar OfTsr l £T 7 days 0 07/0 11/10 00/10 7/16 9 5/10 13/4 0S/8 10 97/8 10 07/1 10 9 7/8 Sw.ta. (Midrib Pi Dma. rtaas) 1/16 33/8 3/0 33/8 a/io 311/10 13/18 313/14 In.
        158 words
      • Article
        Discount
        46 4 RANOE of prices offered by discount houses on Oct Overnight I* to 3SH Call deposits 3S« Hi ilsg B<yta| Sailing 3-month Treasury Mils 3 9/16 37/16 3-month Bank Mils 67/16 6&/16 3-month CD 63/4 6S/B 6-month CD 6 T/t 63/4 Source: National Discount Co Ltd
        46 words
      • Article
        MLR
        20 4 THE tvm|i rata at which Siafapore banks art currently prapaiad to Ini to thrfrlhaat cMtoaai is IJt per cent.
        20 words
      • Article
        Euro $ rates
        145 4 Euro rates LONDON Eurodollar deposit rates opened slightly firmer yesterday wnere changed in quiet trading. Dealers said the weekly US money supply data were in line with market expectations. They attributed the firmer tendency possibly to forecasts of higher US interest rates and continuing dollar weakness between now and Christmas
        145 words
      • Article
        New York
        225 4 THE dollar on Thursday closed virtually unchanged against major currencies In generally quiet trading, dealers said. The upcoming holiday weekend, with the market here closed on Monday in observance of Columbus day, was probably a factor limiting activity and price movements, they sakl. Some central bank activity was
        225 words
      • Article
        London
        215 4 THE dollar yesterday opened firmer in quiet preweekend trading at 1.9000/ 9015 marks, up from 1.8968/83 overnight. The improvement followed on from the trend in New York overnight and in the Far Bast and reflected a mood of caution In the face of possible further central bank Intervention on
        215 words
      • Article
        Tokyo
        136 4 THE dollar for overnight delivery closed higher at 187.60 yen yesterday, compared with a 187.30 opening. The US currency rose moderately i» quiet trading on dollar buying by Japanese banks to adjust positions for end-week reasons, dealers said. It opened higher following Its overnight recovery abroad, despite the hlgher-than-expected
        136 words
      • Article
        Frankfurt
        49 4 FRANKFURT exchanges closing quotas on Oct S: US 1 883 V 50 Can 1.0035/60 8U 3 758/786 DFI 92 04/14 SFr 119 00 '30 Lit 2. *7/327 F Fr 44 22/32 Yen 1.012 V 40 B Ft (con) 6.343/363 B Fr (fin) 5 904/6.004 N Kr 37 70/80
        49 words
      • Article
        Hongkong
        159 4 THE US dollar held steady In late, very quiet end-week trading after being quoted little changed yesterday from New York's closing levels throughout, dealers said. They said the little Interest shown centred on the dollar yen which firmed to a late 187.60/70. from New York's 187.20/30 close and an
        159 words
      • Article
        Zurich
        59 4 ZUVCH ezeiiancM dMlog on Oct 9: US 1.3040-5600 S* *****-1461 can 1 3366->406 O Mk <3.1611-7086 D F1 76 0402-77,06 a r rr M.ooTo-r/oMi B Pr ***** mi O Kr >0 0606-1421 N Kr *****6-0766 a Kr 36 JOU-M.MM Ut 0 1(14-1016 Au» ach 11 3612-3241 Pott IM-MM Spain
        59 words
      • Article
        Australia/NZ
        23 4 AUSTRALIA NZ rrrhaiwee quoUa reeterdajr DSdoJW 1 1646/1.1607 Starting 0.1000/0.306 SSSfftSl US dotars 1.1031 60* ,^Pd fcU7to rUMUS down 0.9034 NEW ZEALAND:
        23 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      182 4 ONE OOOD PUBLICATION THAT'S worth a thousand watts If you're into hi-fi. you'll certainly enjoy reading The Craft of Sound a Handbook of Hi-Fi Hints, filled with interesting and essential features for all hi-fi enthusiasts to Improve their listening pleasures. Wouldn't it be worth your while to make a mere
      182 words
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  • TRANSPORT
    • Article
      Lock icon Flights via Seoul to China likely
      233 5 Reuter AP THE South Korean government is likely to allow US or Japanese airplanes to fly to China through Seoul when such requests are made, the newspaper Dong-A nbo reported. The paper quoted an unidentified governmental office as saying that if USChina relations are
      Reuter; AP  -  233 words
    • Article
      BA to buy 737s
      58 5 BRITISH Airways will purchase 19 Boeing 737 passenger Jets valued at US$2l6 million (SHB6 million) with a credit approved on Thursday by the US Export-Im-port Bank. Eximhank, an independent agency of the Federal government, authorised a $151.1 million credit for British Airways towards the purchase of
      58 words
    • Article
      Lock icon The effective owners of FOC vessels
      513 5 AFP, Reuter. THE UNITED States, Greece, Japan and Hongkong are the "effective owners" of 78 per cent of the world's flag of convenience fleet, the United Nations Conference on Trade and Development (Unctad) said. An Unctad report, published in Geneva, far the first time
      AFP,; Reuter.  -  513 words
    • Article
      Lock icon Disastrous errors in air crashes
      697 5 Washington Star ANY AVIATION disaster raises far more questions about safety in the sky than are ever answered, and the recent collision of a Jetliner and a small plane over San Diego was no exception. The arguments resulting from these questions pit various special interest
      Washington Star  -  697 words
    • Article, Illustration
      SHIPS IN PORT
      343 5 EXPECTED ARRIVALS TODAY KEPPEL WHABVES Big Progress (1400)44 Bunga Seta war (2300 after Fernandoeverett) 18 Da Sha Ping (1200 after King Tower and John Bakke)33/34 Feichi(o73o after Emma Bakke) 38/39 Fortune Runner (2300 after Xiang Yin) 8/9 Golden Source (0600 after John Bakke) 35/36 Handara (0700 after
      343 words
    • Article
      Lock icon Mitsui Ocean in joint venture
      156 5 Reuter. JAPAN'S Mitsui Ocean Development and Engineering Co (Modec) aid it has established a Joint venture with Natty Theriot Inc of the United State* in La Rose, near New Orleans, to build supply boats, barges aad other ships for the American market. The Joint venture,
      Reuter.  -  156 words
    • Article, Illustration
      At the vanguard of Selco's fleet
      129 5 BELCO Htagtftre, t mJv ntnge rifiy km has MM Willi tag to Hi Mlfife Heal wtaeh ipwtM la the taiaa OeetMd Ike CHm aai Java mm. The talesl aMtttea, Mnaguri, to ef 14*1 pt aai BMaearee M awtrae ta overall leagth. Pally eqalppei fer
      129 words
    • Article
      Lock icon London freight market
      159 5 UPI. DULLNESS still pervaded the entire freight market as charterers displayed little urgency in early loading positions. Thus, there seemed to be virtually no possibility of rate advance. This was particularly true of the Atlantic where the major grain routes remained very quiet. However, Chinese charterers maintained
      UPI.  -  159 words
    • Article
      Lock icon British delay annoys the French
      112 5 Reuter THE French head of the European Airbus Consortium voiced growing impatience over Britain's delay in ""irtug up its witnd on whether to Join the group. He said there would soon have to be a firm deadline. The Franco-West German consortium's managing director, Bernard Lathiere,
      Reuter  -  112 words
    • Article
      Lock icon JAA plans new route to Taipei
      145 5 AFP. JAPAN A«ia Airways (JAA), subsidiary ai the flag-carrier Japan Airlines, plans to open a route between Okinawa and Taipei in mid-October with about two flights a week, JAA President Toshio Itakura announced. The airline, which specia Uses in services between Japan and Taiwan,
      AFP.  -  145 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      662 5 ARRIVALS Sorriw Local Operator Nubor Tim Proa CAL MAS MAS MAS CAL CPA RBA GIA THAI SIA SIA MAS GIA GIA PAL GU SU SU KLM SU MAS SU MAS SU GU CPA SU GU MAS SU SU MAS PAA SU MAS SU GU UTA SU AI
      662 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      315 5 Must reading for every teacher The Singapore Journal of Education Education in Singapore is undergoing a state of change, and there are obviously many problems end consequences of schooling for which there are no easy and straightforward answers. The Journal of Education provides a timely forum for the exchange of
      315 words
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  • Article
    Need to educate investing public
    564 6 THE HERD instinct la a very potent force to both investors and managers. While the herd of investors has been thundering strongly for several months in a row followed by a stampede In the opposite direction In the last few weeks during the consolidation, Investment
    564 words
  • Article, Illustration
    Lock icon Philippines moves to bolster its low export earnings
    2182 6  -  The Philippine economy has seen a slight increase in private sector investment, following a sharp decline in foreign investment last year. But it is not yet certain if the pick-up will last. At the same time, the Philippines faces depressed markets for
    FT  -  2,182 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      172 6 r*»" If. V M Hotel Royal-RAMADA Newton Road. Sing*>ore 11. Republic o< Singapore Telephone *****1, Tele*: RS-***** Cable#: HOTELROYAL RAMADA LOUNGE -a i i- r? =Uj*-r < ~c tl 1. N I 51 CwiiU iffw Tv! JSF 9 At our hotspot, the Ramada Lounge at, the root too Have a
      172 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      60 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Isolated showers. Report for 24 hour* prior to 7.30 pm on Oct 6 at the airport: Maximum Temperature 3S.I*C Associated Humidity 57 Minimum Temperature 24.7° C Associated Humidity M Hours of Sunshine 8.25 Rainfall in Millimetres Nil Total Rainfall for
      60 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      311 6 ■nHmmJSI SINGAPORE 5 1.00 PM Opening announcements followed by Sesame Street 0 2.05 Saturday Matinee Country Music Holiday Starring: Ferlin Husky, Zsa Zsa Gabor, Rocky Graziano, Cliff Norton 3.25 Rugby Special: Scotland vs Wales o 4.55 Pre-Examination Programme Mail Mau Kahwin (Pt.3) with English subtitles (Repeat) 5.40 Little House On
      311 words
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  • Article, Illustration
    Lock icon JAPAN INTENSIFIES THE COMPUTER WAR
    1069 7  -  There are only two sectors where the Americans still have a hands-down advantage over the Japanese. These are computers and international banking. And for the area of computers at least, it looks as if the Japanese are not giving in to any idea of free
    NYT  -  1,069 words
  • Article, Illustration
    Lock icon Mass-producing practical electric cars in the 1980s?
    512 7  -  By DONALD JANSON NYT. TWO CENTURIES ago, talk of revolution electrified Philadelphia and produced the declaration of Independence. This week hundreds of researchers and manufacturers worldwide are In town to talk revolution on the highways. They are attending an international electric vehicle symposium
    NYT.  -  512 words
  • Article
    SIME'S AUDITORS
    366 7  -  LOW YEW LOON WE REPRODUCE below a letter sent to the chairman of Sime Darby, which was given to the Business Times by the writer for publication. Dear Sir, Much heat has been generated as a result of the director*' recommendation to propoee to shareholders a change of
    366 words
  • Article
    STRAWS IN THE WIND
    324 7 THERE will be readers whose hearts will be much gladdened by this news. Hongkong launches the world's newest racecourse today a muddy bay transformed by the biggest reclamation project ever Into what enthusiasts have called a "superb galloping track." Shatln, which is built on 16 million
    324 words
  • Article
    Lock icon Hongkong-the expatriates' job paradise
    1040 7  -  [POBUMJ f 0 D incentives L 4 »y MICHAEL DIXON FT PETER BARRETT was flabbergasted when Interviewing In London lately to fill the financial controller's job In one of his group's 200 subsidiaries. Looking through the window. he saw the expected candidate draw up In a
    FT  -  1,040 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      369 7 ■T- v' Wig i a v- r 1 V"r 1 *>. i r*i i; .K.mmi 01 'Tt',% i tk ,i- a I! 0 4 o m v m i fOUVTERKI AffEKER Come, listen to the soothing sounds of Tony, Terry and Spencer at the Imperial Bar. The most tafced-about pop
      369 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      48 7 EtfiSTou) fcON|\HG OepT... oveß 2i....Bfsn\sH SUBJECT RPOvACoOLe toBD, to\MC>ALe.v... c. of e.... distinguishing Ue-PvTußcs? Ler ne see r-r\ v BriStdW :RajakDictoS I Ru. cp>us to e>e verreO F»r4e... NO pfiosuera ptf p> LL rvjT roeTvACouGM To rnessßs GUN I* rp>roes d f\£AS€_ Of COJKSC IT'S ft Business CftLLl
      48 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Johannesburg
      365 8 OOLD shares were mostly lower in small trade on a general lack of interest on Thursday. Lows ranged to 75 cents. On balance mining financial* showed gains of up to 100 cents. De Beers was unchanged at 800 after an earlier 80S. Anamlnt was 350 cents higher at 3150.
      365 words
    • Article
      Toronto
      247 8 THE MARKET closed sharply higher on Thursday In active trading as surging metal Issues pushed the composite index to Its highest level since Nov 2, 1973. The composite was up more than 10 points and advances outpaced declines 285 to 175. OCT M C* Abitibl 18 V, Alcan 41
      247 words
    • Article
      Amsterdam lower
      514 8 EUROPEAN MARKETS AMSTERDAM share prices were lower over a broad front In thin trading on Thursday, due to lack of Interest. Akzo and Unilever, 0.50 and 0.40 guilders lower, led declines In Dutch internationals. Elsewhere, shares with losses between one and three guilders included Amro Bank, Dell, KNSM.
      514 words
    • Article
      Amsterdam
      195 8 OCT ru ABN 377.00 -2 5 Ahold 119.70 -1.3 Akxo 32 20 -0.5 AMEV 90.70 -0.5 Amfai 113 50 unch Amrot Bank 78 20 -1.3 82 00 -0.8 Berk 94.10 -0.4 BoU 75.80 -0.3 BorsumlJ 188.00 -1.5 Burhmann 73.40 -1.6 Byenkorf 98.30 -0.2 Calve Delft 177.10 -1.6 Dell M1J
      195 words
    • Article
      Brussels
      95 8 OCT FT* FORW AM) HAU *r Actc 430 uneh Arbed 2450 -25 AJtur ra •12 Brajcan 479 13 Bru-Lamb 1040 -5 Canpac 822 -2 Cock 4M -5 De Been 215 -6 Ebea 2310 -5 Electrobel 6810 10 Ob-In no-Bm 2505 +5 Qev 1482 -10 Hobok 2840 -00 Petro 3845
      95 words
    • Article
      Paris
      239 8 OCT M COBBKI1 Alr-Llqulde BSNOervali v Danone C8F(ThomaonC»f) Cte Francalae des Petroles Compagnle Flnanclere Compagnle Oenerale Credit Foncter De France Hachette (Ubralrte) Machine* Bull Michelln(B) Partbcj Pechlney CI fine Kuhlmann Peugeot Cttoren Phtupa(NvOem Bexlt) PnntemnSA Rhone-Poulence 8A Royal Dutch Sue« Cle Ft rum De) Fr» LLE 375 600 362
      239 words
    • Article
      Zurich
      168 8 OCT Franca Actions 8ul»«ei Aluaulaae Br Aluaulaae Ret 283 990 496 -2 16 10 Brown Bovtrl or ClbaOelgy Br ClbaOetgyPC Clba Oeler Ret Credit Sulaae Br Credit Sulaae Ret 1519 946 719 999 2206 422 -6 19 10 ♦3 ♦6 ♦4 Bektrowatt Br. Oeorfe riacher Br Olobua Pc 1196
      168 words
    • Article
      Frankfurt
      199 8 OCT Dm Aef-Teiefunk*n 06.10 •14 AJuo 29 70 -0.4 AllsLeben a. Alts Vara sao 41 BAST 140(0 -14 BuHTWtenk 290.80 •1.0 Bay Vbank 3M -3 Bayer BBC 143.00 -1.3 316 BMW 230.30 -U Chem Verw as Comroertbtnl 234 80 -0.8 Conu Oumml 7« 44 Daimler-Benk 346.00 -44 Dcfuaaa IN
      199 words
    • Article
      Milan
      90 8 OCT M Ure Ante 8178 -20.28 AaocOtn ***** -4M Buto«1 8M -4 Central* SMI -1M rut 2M0 -38 FlniUler 186 -3 Oenlmmob #4 79 +1.78 IFIPH luieemcnu 2723 -87 838 IUO«u Ml -14 lUlstter 571 •1 MMnellMPT S4S -1 Mare 111 Ere S38.M •8 Medtob ***** -MO Mlrmlann SM10
      90 words
    • Article
      Winners lead losers
      968 8 NEW YORK BTOCKS scored narrow gains In moderate trading on Thursday as concerns about the weekly money supply report eroded early strength. Analysts said the market had absorbed discouraging news about wholesale prices fairly well, but remained concerned about how high Interest rates may go. The Dow
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    • Article
      Turnover relatively heavy
      509 8 TOKYO THB market continued bullish yesterday, centring, on pharmaceutical medium-slsed, fight electrical and food issues with good business results and a favourable outlook Turnover was relatively heavy with an estimated 410 million shares changing hands. The Nikkei Dow-Jones average continued to record an all-time high, approaching the
      509 words
    • Article
      Hongkong
      339 8 CONTINUATION of Thursday night's cheap buying held the market steady In yesterday's morning session. A genera) feeling that HK Wharf will not come out with a rights issue helped market sentiment and with some good institutional demand, prices Improved across the board. The market finished 12 points up at
      339 words
    • Article
      Sydney
      227 8 OCT M Genu DOURIUU A.C.I* A.N.I A P U Ampol Pet m in IM tn ♦S 4-1 unch unch Bulk N8W 788 a Boral see unch BnmNw 20J unch 283 unch MS unch OoalAlUed «M unch Duniop 14S ♦5 310 ♦5 Herald Hooker 84 1 Lend Lhm 292 4-2
      227 words
    • Article
      Manila
      98 8 OCT Pesos Acoj* Mining .0129 -0.0006 Atlas Con. A Atlas Con. B 24.00 -0 4 Bagulo Oold .016 unch BenfuetOon B BFOoodrlch 41.75 29.00 unch +0.2 CDCP 2S79 -0.29 Inco B m Landon .019 unch Lepanto B .30 unch Marinduque B 1.66 unch Meralco 28.75 -0.75 Oriental A Oriental
      98 words
    • Article
      Bangkok
      193 8 Baht Bangkok Bank 374 +6 Bankof Ayudhaya 'r' td l 2«8 unch Thai Danu unq Thai Parmer Bank 350 +1 Thai Commercial Bank 742 Bangkok Metropolitan Bank 7 MO Industrial Finance Corp 2.575 unch Oeneral Finance 380 -12 Bangkok Investment 346 unch First Trust 3M -ft R)a Finance 1.886
      193 words
    • Article
      indices
      63 8 FINANCIAL TIMES INDUSTRIALS Thursday 904.8 Wednesday 511.1 Week Ago 501.2 DOW JONES AVERAGE INDUSTRIALS Thursday 870.47 Wednesday 873M Week Ago 861.31 LONDON DOLLAR PREMIUM Thursday 83 w to 84 Wednesday 82* to 82*.,' H.R. HANG SENG Friday 614.93 Thursday 60S.28 Week Ago 633.14 SYDNEY INDUSTRIALS Friday 471.12^ Thursday 471.77^.
      63 words
    • Article
      CHICAGO BOARD OPTIONS
      1647 8 October 5 CHICAGO Board Option* Exchange volume expanded to 156,943 contract* on Thursday from 146,189 on Wednesday. OPTION S OCT JAN APL STOCK Alcoa 40 1/4 UNTRD a Alcoa M 1/1 1/4 1/1 a Alcoa 50 M 17/1 41/4 a Am Tel M 71/0 UNTRD UNTRD a
      1,647 words
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      Page 8 Advertisements Column 1
      206 8 On TELEVISION Now the BBC's longest and costliest TV dramatisation of a single novel Leo Tolstoy's War and Peace. Now available in a beautiful Penguin gift pack. 4 1 > v A fl ASk 5? J Professor John Kenneth Galbraith presents his views on economics in The Age of Uncertainty.
      206 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon ITT prepares bid for Cairo phone project
      469 9 f N.AMERICAN FT SOME OF the world's major telecommunications companies are preparing bids for work on modernising and extending Egypt's telephone network. One of the most advanced of these Is being prepared by ITT, the US multinational communications company. It involves substantial participation
      FT  -  469 words
    • Article
      Lock icon Celanese, Olin Corp agree on tie-up
      212 9 Reuter. TltE CELANESE Corporation said Olin Corporation had agreed with It in principle to merge in a transaction involving an exchange of stock. The new company wouta be.named Celanese-Olin, Cofopese said. tjflder terms, shareholders of 30 per cent of the roughly 24 million shares
      Reuter.  -  212 words
    • Article
      Japanese take to Boston Tea
      78 9 BOSTON Tea Co has begun exporting tea to Japan where it has been a staple beverage for.centuries. The Wall Street Journal reported that the Japanese, who usually serve their tea in Its natural form, have taken to Boston Tea's spiced, herbed and blended varietieST. Meanwhile.
      78 words
    • Article
      Lock icon ASARCO UPS COPPER PRICES
      91 9 Reuter. ASARCO INC said it raised its spot selling price for electrolytic copper by 3/4 US cents a lb and its lead price by one cent a lb, effective immediately. Asarco said the new price for copper cathodes is 69 cents a lb and wlrebars are
      Reuter.  -  91 words
    • Article
      Lock icon PACIFIC TELEPHONE
      69 9 Reuter PACIFIC Telephone and Telegraph Co reported a third quarter (for the period ended Aug 31) net earnings per share of 67 cents (65 cents) on net profit of U*****.4 million ($110.3 million). Revenue was slightly higher at $1.16 billion compared with $1.04 billion for the previous period.
      Reuter  -  69 words
    • Article
      Lock icon ASHLAND
      50 9 Reuter ASHLAND OU offered to buy back five million shares or approximately 18 per cent of Its common stock for US$47 a piece cash. The offer is not conditioned upon any minimum number of shares being tendered and will expire on Oct 20 at 1700 EDT, unless extended. Reuter
      Reuter  -  50 words
    • Article
      Lock icon Flick plans to acquire another 19pc of Grace
      321 9 Reuter THE FLICK group of West Germany continued on Its American acquisition trail with plans to acquire an additional 19 per cent of W.R. Grace and Company's common stock for about US$26O million. Grace, an International chemical company with interests in natural
      Reuter  -  321 words
    • Article
      Lock icon Arco in venture to exploit Chilean gas
      197 9 Reuter. THE Atlantic Richfield Company (Arco) will take part in a joint venture to exploit natural gas deposits In southern Chile, Chilean Economy Minister Mr. Pablo Baraona said. Other firms taking part in the venture, which will make an investment of US$45O million,
      Reuter.  -  197 words
    • Article
      Lock icon AMERICAN CREDIT
      38 9 Reuter. AMERICAN Credit Corp said shareholders approved the previously announced acquisition by Barclays Bank International Ltd of all American Credit shares at $50 a share cash. The merger Is subject to Federal Reserve Board approval. Reuter.
      Reuter.  -  38 words
    • Article
      Lock icon Inco and strikers are not talking
      114 9 Reuter NO TALKS are presently scheduled between Inco Ltd and striking workers at its Sudbury, Ontario nickelcopper facilities, company and union spokesmen said. Some 11,700 workers at Sudbury went on strike on Sept 14 after rejecting a contract proposal by a 61 per cent
      Reuter  -  114 words
    • Article
      Lock icon Fiat may cut back output due to sales slump
      221 9 Reuter. FIAT Spa has been hit by a slumD in sales of industrial vehicles and is considering cutting production. A *Pokesman said no precise plans have yet been decided for production cuts, but the firm could close down production temporarily at
      Reuter.  -  221 words
    • Article
      Forex fluctuations entangle Tootal earnings
      201 9 MAINLY BECAUSE of adverse exchange rate movements and higher interest charge, taxable profit of Tootal, thread and textile manufacturer, was cut from £8.84 million to £8.04 million in the six months to July 31,1978, on sales ahead to £194.4 million, against £180.5 million last time.
      201 words
    • Article
      Lock icon Spain to study Peugeot bid
      459 9 FT THE SPANISH government has decided to take a closer look at PBA PeugeotCltroen's proposed takeover of Chrysler's Spanish subsidiary, Chrysler Espanola. As a result, Spanish government approval for the deal indicated Initially as a foregone conclusion Is likely to be delayed, perhaps for three
      FT  -  459 words
    • Article
      McLeod Russel warns of lower profit
      420 9 IT WOULD be unrealistic to think of profit for the current year In line with those of the previous year. Sir John Brown, chairman of McLeod Russel and Co., tells shareholders, but despite difficulties, he still expects the group to be able to earn
      420 words
    • Article
      Lock icon Ruhrgas prompts German ban on Veba deal
      191 9 Reuter THE FEDERAL Cartel Office said Its decision to ban the proposed Deutsche BP/Veba AO agreement was made because this would intensify Ruhrgas AO's already strong hold on the German energy market. Part of the 800 million mark deal announced in June Involved
      Reuter  -  191 words
    • Article
      Lloyd's men on the go
      76 9 MR ERIC Whittle, a director and deputy chief executive of Lloyds Bank International has been appointed chief executive. Mr. Whittle succeeds the late Mr Dennis Mitchell. Mr Whittle, 52, has spent his entire career in international banking, Including a number of senior appointments overseas. Mr.
      76 words
    • Article
      Amal Stores lowers loss
      33 9 THE directors of Amalgamated Stores report a reduced loss of £17,832 for the March 31, 1978, year compared with £22,836 last time. Turnover was ahead from £153,974 to £273.586.
      33 words
    • Article
      Revamp at Fraser Ansbacher not over yet
      227 9 THE CHAIRMAN of Fraser Ansbacher, Sir Samuel Goldman said, he wished he coukl say the process of reorganisation was over. However, the last stages of withdrawal from the boatbuilding and marine business stillhad to be comEleted, Sir Samuel said. The oatbulldlng operations were
      227 words
    • Article
      Lock icon Tokyo firms clinch MTR deals
      102 9 Reuter. NISHIMATSU Construction Co and Kumagalgumi Co Ltd said they have received separate contracts worth a total of 51 billion yen to help second-phase construction of Hongkong's mass transit railway (MTR) project. The companies said they will build tunnels, a station and lay tracks over
      Reuter.  -  102 words
    • Article
      Lock icon COMPANIES DELISTED
      76 9 Reuter SHARES of Hokkaido Colliery and Steamship Co, Chlsso Corp and Nikka Fats and Oils Co were delisted from the Japanese stock exchanges. The three Japanese companies, all plagued with heavy liabilities, failed to meet the exchanges' tightened listing requirements. they said. The listing rule calls for the
      Reuter  -  76 words
    • Article
      CSR closes offer
      49 9 CSR LTD said its As2s million debenture issue, announced on August 16, opened and closed immediately on Wednesday when oversubscriptions exce «ded the $5 million limit. V ll3 will necessitate partial allotment of some applications from the share debenture holders entitled to apDly for the issue.
      49 words
    • Article
      Lock icon Nanyang Cotton Mill recovers
      401 9 ASIAN i Reuter AFP NANYANG Cotton Mill Ltd announced an unaudited group profit of HK53.55 million compared with a loss of $1 million for the corresponding period of last year. This result represents earnings of $1.42 per share. The company reported that improvements were mainly due
      Reuter; AFP  -  401 words
    • Article
      Lock icon Foreign operations boost Pioneer
      241 9 Reuter. PIONEER Concrete Services Ltd said its audited consolidated operating profit came to A 520.27 million ($15.22 million) for the year ended June 30 on gross revenue of $366.25 million ($314.66 million). Profit is after tax of $13.67 million ($10.42 million), depreciation $9.45 million ($8.37 million)
      Reuter.  -  241 words
    • Article
      Lock icon Marudai confirms convertible
      101 9 f BONDS&LOANS k A Reuter Marudai Food Co Ltd said It will float a 50 million mark convertible bond on the German capital market this month through an underwriting syndicate led by Deutsche Bank. The Japanese meat and food processor said the bona, maturity date March 1,
      Reuter  -  101 words
    • Article
      Lock icon Novo Industri
      61 9 Reuter THE Novo Industri A/S US$2O million 7 per cent convertible bond due 1969 was priced at par. Lead manager Morgan Grenfell and Co Ltd said the conversion price of the Issue will be 259 Danish crowns which represents a conversion premium of 10.2 per cent over the
      Reuter  -  61 words
    • Article
      Lock icon KAYABA SETS TERMS
      85 9 Reuter THE KAYABA Industry Co Ltd's 30 million mark, seven-year convertible bond carries a conversion price of 305 yen per 50 yen nominal share at a fixed exchange rate of 97.50 yen per mark. Lead manager westdeutache Lahdesbank Olrozentrale said conversion will be possible from Jan 8,1979.
      Reuter  -  85 words
    • Article
      Lock icon Banca Somes raises US$225m
      95 9 Reuter BANCA Somex, a newly formed bank owned by the Mexican government, is raising a US$225 million seven-year loan at per cent above London interbank offered Fates. Banking sources said the loan, to be channelled to Industrial development projects, has four years grace and is about
      Reuter  -  95 words
    • Article
      Lock icon AUSTRALIA, PHILIPPINES ISSUES
      59 9 Reuter AUSTRALIA, the PhilipPines and Electriclte de |f rance plan to float yendenominated bonds on the Japanese capital market In December. ♦w Se s um,es sources said the slxe of the Issues will depend on developments on the Japanese markets for foreign yen bonds and domestic bonds,
      Reuter  -  59 words
    • Article
      NYK
      42 9 NIPPON Yusen Kalsha (NYK) said it plans to float convertible bonds on the German capital market in November aEd on the Swiss capital market in December. "The Japanese shipping company did not elaborate on the size of the two bond issues.
      42 words
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      Page 9 Advertisements Column 1
      163 9 NOW in FONTAN Paperback i j mi n La u Jp3 A Vs x A I I I *2 .."j V u$ i -r*v v;*.m i P- ft i •Ijk m >-• •>" i A< V 'mi mmi j *>m Power and poignancy descriptive brillance." THE SEKLOONGS are Hong Kong's
      163 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1174 10 BID and offer prion officially Bated and htmnen In and rapactad to Um Stoek Exchange of Mngapora yceterdky with Um numbar of iham traded mown in bracketa In lota of l.tM unit* unl—' ottwnrtae ipecined AH Dam Settlement Contract* arc quoad aftar the word "artt." Big B««r4 daal
      1,174 words
    • Article
      Government bonds
      77 10 4 V 4% 1/VBB (250,000) (80.518 99.568) 4 3/4% 18/9/86 250.000) (99.868 100.008) 8% IV4/81 (250,000) (100.108 100.188) 8 3/4% T F IWBI-64 (280.000) (*****8) 7% 1/1/88 250,000) (100.708 100.858) 7 1/4% 18/4/86 250,000) (100.75B) m%J l/X U <**>«»> (100.75B) 7 1/4* 1/S/IT (250.000) (100.70B) I 1/1* T
      77 words
    • Article
      Stock options
      123 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 options traded shown in brackets. Jn <£* Storage (Dec 82 30) <0.56 B 0 706)). Cand C (Dec 84.40) (1.308
      123 words
  • Article
    SHARE INFORMATION SERVICE
    2509 10 r. n 1*78 High Low Company Last Sale +orGfc's Div Div CYT Gr's* Y'ld Net P/E Vol C000) Day High Low SECTION ONE 1CIV INDUSTRIALS 272 238 178 219 275 111 276 I 326 .v .245 •v, 660 132 123* 112 133 195* 60tt 162 173* 140*
    2,509 words
  • Article
    Unit trusts
    150 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (MiMfn' prion hr Oct 1 Oct 9) INCOME BOND lossy The Commerce 2 26 2 40 1.10 l.U The Saving Fund 1.42 1.S1 MARA BUM1PUTRA FUND S'pore Prof Fund 1.0* 1 lOxd (Managan price* far Oct 9) S pore^Securtly 1 88 2.01
    150 words
  • Article
    In Kuala Lumpur
    1505 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIAL* AJtnamata (J) 2 90 Atmm (I.MB 2 008) XD. AIM HaM
    1,505 words
  • Article, Illustration
    Shares prices move up
    705 10 A COMBINATION of short-covering and iaveetS!W acnZ'tfcs SS on the Slock Exehaage of Singapore yeeter iay. One broker kad earlier predicted that there would be tone paaic buyia« yesterday, hi view of the Ikct that the Koala Loan pur Stock Ek change kad set yesterday as
    705 words
  • Article
    KLSE buyers make comeback
    612 10 AFTER Thursday's revived selling in the front-liners, buyers made a comeback on the Kuala Lumpur stock market yesterday to push prices slightly higher. The slow trading managed to chalk up a' lower turnover of 4.28 million units worth M$ 10.48 compared with 4.94 million units worth
    612 words
  • Article
    Pan Malaysia
    89 10 SHAREHOLDERS of Pan Malaysia Cement Worka, at the extraordinary general meeting en Sept. 28, paseed the erdinary resolution confirming that the sale ef one million shares in Pan Malaysia Realty for $1.70 per share cash to K.C. Cheah Sawmills (Penang). It also pBBSBd a special resolution bibbnilng tk+
    89 words
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  • COMPANY NEWS
    • Article
      St. Piran's subsidiary makes offer for Tehidy
      783 11  -  »r P. GUNASEGARAM SAINT PIRAN'S 65 per cent owned and recently-floated UK tin mining subsidiary, South Crofty, has announced an agreed offer for the whole of the issued capital of Tehidy Minerals. Tehidy owns freehold Idnd and mineral rights in Cornwall together with
      783 words
    • Article
      FABER MERLIN
      27 11 FABER Merlin will hold an extraordinary general meeting at 11.30 a.m. on Oct 11 to approve Its recently-proposed one-for--10 rights Issue at $1 per share.
      27 words
    • Article
      Tronoh sees sharp fall in profit from associate
      615 11  -  •y JIMI NGOH WELL against the trend, Tronoh Mines (M) has achieved a resounding Jump of more than 100 per cent in its tin mining profits. However, the company was only able to turn In a 9 per cent Increase in pre-tax
      615 words
    • Article
      DIVIDENDS ANNOUNCED
      528 11 Curraat payiaaat Ex Data Books cIom Data payable Total for the year Total for prwriousyaar Hume M HUMM. Guthrie M. Breweries G.E. Life Prima Wilkinson Gold Coin UAC 8. Trading M'wata Dualop lad. N.S.O.P Duaiop Eat BKatfl BKatil KLK Deb Temerkoh Aloom 8. Finance Jardine Loan Hack Seas
      528 words
    • Article
      SCRIP ISSUES
      160 11 Tim litis Bonus lnue of 1 for 8 Oct 6 Oct IS Oct 26 MBS Bonus Issue of 1 for 5 Oct 16 Haitau Rights issue of 1 loan Oct 17 Oct 24 Oct 26 Oct 26 Nov 16 stock for 2 ord. shares RoUubahi Bonus issue of
      160 words
    • Article
      Tasek Cement
      55 11 TASEK Cement also comes under stock exchange questioning following the announcement of Its proposed one-for-flve bonus. As usual, the KLSE wants to know of any eroected change In profitability In the current year to June 30, 1979, compared with the previous year. Oadek (Malaysia) has redeemed 4,500 nominal
      55 words
    • Article
      Reduced output behind Ayer Hitam plunge
      350 11 AS EXPECTED, Ayer Httam Tin Dredging Malaysia's results showed a steep reduction in earnings for the year ended June 30, 1978. Pre-tax profits of the company, a member of the Malaysian Mining Corporation, fell 64 per cent to $13.08 million. This, it warned in
      350 words
    • Article
      No signs yet of any reversal at Dah Yung
      632 11  -  •r MANO SABNANI DAH YUNG Steel Company Is fast earning Itself the undeslred reputation of being one of those "ne'er do well* companies listed on the Stock Exchange of Singapore. In 1975 the year It came to the market with a
      632 words
    • Article
      MALAYAN CREDIT
      101 11 MALAYAN Credit iqteU a pre-tax profit of about $4 aulttoa from th* tale of laad ia Ula Kelaag for 85.8 ■ilttea by its whelfr-awaed subsidiary, Ceatarv Gardeas, to Kaaa Waa DmbpsMt of Peaaag. The area of the laad, coatpriatag Lata 481,482, 488, 484, <80, 881 aad 888 ia
      101 words
    • Article, Illustration
      Acma poised for record earnings
      592 11  -  SHARP RISE IN FIRST-HALF By ARTHUR NG ACMA Electrical Industries has at last flexed its muscles and looks poised to turn in its best results ever since it began operations a decade ago. The interim results show clearly the vast potential It is capable of
      592 words
    • Article
      Bolton lowers its target
      336 11 AFTER announcing a hefty 41 per cent jump in pre-tax profit to $1.44 million in the six-month period to June 30, directors of Bolton Properties quickly squashed any hope that the company might achieve another year of record profit. They point out that they do not
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      COMPANY MEETINGS
      159 11 HUME Industries (Malaysia) Bbd: AOM to be held at Jalan 219 off Federal High way, Petallng Jaya, at 11.30 a.m. on Oct 7. Hume Industries (Far East Ltd: AOM to be held at 2nd Floor, 13.7 km, Buklt Tlmah Road, at 12 noon on Oct 9. Southern Kinta
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      157 11 COLLKTINQ Oriental Antiomej ra o > 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 average collector. This myth Is
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    Giant oil field in central China
    342 12 CHINA has discovered an enormous oilfield, the Hongkong left-wing newspaper Ta Kung Pao reported yesterday. Quoting a recent article in the Peking newspaper, kwangmlng Dally, the Ta Kung Pao said the oilfield Is situated in Chaltamu Pentl In Central China's Tslnghal province. > Chaltamu
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    Lock icon Peking buys computer
    103 12 AFP NIPPON Electric Co. of Tokyo has reached a basic agreement to supply China with' a medium-sized computer to process foreign trade details. Following a formal contract to be signed shortly, the Tokyo company will seek the approval of the Coordinating Committee for Export Control (Cocom), company
    AFP  -  103 words
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    SMA can promote ties with traders
    892 12  -  CALL FOR MARKETING UNIT By TSANG SAU YIN THE Singapore Manufacturers' Association can promote closer cooperation between local traders and manufacturers and even among the manufacturers themselves by leading the way. In the search for markets, the SMA could play a more active role
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    Lock icon Golden days ahead
    916 12 Reuter. BULLION analysts In London are unanimous In forecasting further strength In the dollar price of gold. However, the reasoning behind their prediction differs In the emphasis placed on various aspects of demand for the metal. Mr. Richard Lock wood, gold specialist at stockbrokers Phillips and Drew,
    Reuter.  -  916 words
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    Lock icon DOLLAR OVERSOLD
    336 12 Reuter. THE DOLLAR Is currently oversold against most major currencies and in the longer term will not continue to fall at Its present rate. Disclosing this, Irving Trust Co senior economist George McKlnney said he could not forecast shortterm dollar movements but the decline has pushed the US
    Reuter.  -  336 words
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    LONDON STOCKS
    775 12 LONDON. Pri Equities drifted reflecting concern over the poaatttihty of a strike at BOC International. the industrial gas producer, and apprehension aboot the continuing challenge by Ford workers to the government's 5-per cent pay limit pobcy, dealers said. At 3 pm. the Financial Times Index was down 1.6
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    Lee's speech makes the headlines
    315 12  -  From Quek Peck Lim PRIME Minister Lee Ynr*i Kit—irt on Thursday that effective JiautM dtfeiM capability ma mkt "a poeitivo ooatribution ta a quadrilateral great poww balance in East Asia aad the Pacific" was interpreted yesterday by the Orlaado Sentinel Star as "etroimly favouring eraatian
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    Lock icon JOINT VENTURES SOUGHT
    145 12 Reuter. MALAYSIAN Primary Industries Minister Paul Leong has urged Japan to buy more Malaysian exports and to Increase Joint venture industries with local partners. Speaking after a meeting with a Japanese investment mission, Mr. Leong said he had emphasised Joint ventures In timber and palm oil based
    Reuter.  -  145 words
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    Tokyo warns the cut-rate lenders
    474 12 THE JAPANESE Finance Ministry is warning Japanese banks against their cut-rate medlum-and long-term overeeas dollar lending*, which are being criticised by foreign bankers. Officials said the ministry is telling Japanese banks to form multinational syndicates whenever possible because exclusive Japanese syndicates whose lending* are dubbed
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    Higher yields expected for third issue
    570 12  -  •y COLIN CHKE THE SINGAPORE Government is expected to make its third domestic borrowing this year within the next few weeks. The amount is estimated by bankers to be between $550 and $000 million and will bring the Government's total borrowing: for the year
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    Lock icon Surge in TV imports
    301 12 AP. AMERICAN Imports of television, radio and stereo sets Increased 10 per cent In the first half of the year, but most of the new Imports were not from Japan, the US Commerce Department says. Japan signed an agreement last year with the United States to
    AP.  -  301 words
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    Lock icon Boosting bilateral trade
    186 12 AFP. THE PHILIPPINES and South Korea have agreed to make greater efforts to increase bilateral trade and economic cooperation. The announcement came after a two-day meeting between the Korea-Phllip-plnes Economic Cooperation Council headed by the chairman Mr. Kim Duck-Choong, and the Philippines-Korea Economic Council headed by Mr.
    AFP.  -  186 words
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      198 12 V The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. 2. Enjoying the benefits of over 90 years of tutorial expertise. 3. Being informed of the latest changes and current events and topics of interest and relevance through the exclusive "Foulks Lynch Review".
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