The Business Times, 28 October 1978

Microfilm: NL9863
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 BATUKDAY, OCTOBER tt, IIH SOCENTS
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  • BRIEFLY...
    • Article
      Lock icon Buffer plan hopes
      74 1 Reuter. KUALA LUMPUR, Fri. Proposals for price stabilisation of natural rubber have been widely accepted, raising hopes for an international buffer stock scheme, Deputy Trade and Industry Minister Datuk Lew Sip Hon said today. He said price stabilisation proposals of the Association of Natural Rubber Producing Countries
      Reuter.  -  74 words
    • Article
      Lock icon Whitehall greenlight
      65 1 Reuter. LONDON, Fri. The British government today announced it had given its approval to the stateowned British Aerospace Company taking a 20 per cent share in the European Airbus Consortium. A statement from British Aerospace said' it would join the grouping from Jan 1, 1979 with an initial
      Reuter.  -  65 words
    • Article
      Lock icon Pact ratified
      55 1 Reuter. JAKARTA, Fri. Australia and Indonesia today ratified a defence cooperation agreement under which Jakarta will receive military aid worth some AJ20.7 million (Sssl million). The agreement was signed by the chief of the Australian defence force Staff General Sir Arthur McDonald, and Indonesian deputy chief of the
      Reuter.  -  55 words
    • Article
      Lock icon Dollar steadies
      66 1 Reuter. TOKYO, Fri. The US dollar steadied on the Tokyo foreign exchange market today. The dollar, which fell yesterday to a postwar low of 178.50 yen, rose briefly today to 180.20 before closing at 179.60. In London, the dollar fell sharply today on European foreign exchange markets for
      Reuter.  -  66 words
    • Article
      Lock icon More contracts
      64 1 UPI. TOKYO, Fri. Both export and import contracts concluded by Japan's 13 major trading firms in September rose more than 60 per cent over August, their parent organisations reported The Japan Trade Council put export contracts in September at 1,106.6 trillion yen (Ssl3 trillion), up 63.5 per cent
      UPI.  -  64 words
    • Article
      Lock icon Inflation higher
      45 1 Reuter. WASHINGTON, Fri. The US inflation rate increased by 0.8 per cent in September the steepest rise in three months according to official figures released today. This means consumer prices in the US are 8.3 per cent higher than a year ago. Reuter.
      Reuter.  -  45 words
    • Article
      Lock icon America rapped
      69 1 UPI. BRUSSELS, Fri.— The European Common Market criticised the United States for not cutting back on imports and called on President Carter to raise domestic oil prices before the Organisation of Petroleum Exporting Countries meets in December. Immediate action by Mr. Carter was the only way to avoid
      UPI.  -  69 words
    • Article
      Lock icon Dow Jones
      50 1 AP. NEW YORK, Fri. Stock prices were mixed this morning. Losers took a 5 to 3 lead over gainers in the early tally of New York Stock Exchangelisted issues. But the Dow Jones average of 30 industrials edged up 0.87 to 821.99 in the first half hour. AP.
      AP.  -  50 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      121 1 Rises Most active Hone Leon( 386 +46 S Darby 280,000 a Finance 360 Wilkinson 320 Sthn Malayan 1090 +44 +32 +30 UOB UOL 240,000 231,000 CCM 525 +20 Haw Par 150,000 N8T KhongGuan Kempas 480 190 424 +20 +20 12 Total Trunvoer: 2.48m Total Value: $9.33m Straits
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    • Article, Illustration
      In Kuala Lumpur
      144 1 Rises Most active Hong Leong 386 +50 S Darby 387,000 Sanyo 400 50 Minsec 474 24 M Credit 348,000 Kempas 434 14 Consplant 282,000 Malayawata 268 13 UOL 122,000 Sel C'nuts 338 10 Total Turnover: 2.68m A. Hitam (Tin) Tronoh Steamship L180 795 270 10 10 +08
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  • Article
    Asahi completes Hitachi's picture
    921 1  -  MAKING THE GLASS HERE By RONNIE LIM PLANS ARE now underway to make the Singapore colour television tube project a wholly-integrated operation with the Japanese Asahi Glass Company potentially investing in a large-scale furnace facility here to feed the project with the high-quality glass raw materials.
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  • Article
    OVER TO UOB FOR NEXT MOVE
    226 1 UNITED Overseas Bank executives involved in the bid for Singapore Finance Ltd yesterday went into a huddle to plot their next move following Hong Leong Finance's drastically revised bid for SFL. They were, however, unavailable for comments on what steps they would be taking
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  • Article
    Lending rate ceiling on banks in KL
    733 1  -  By JOHN TAN BANKS in Malaysia lending to priority sectors, bumiputras, small businesses, and housing, will be subject to a maximum lending rate of 9 per cent a year. They have also been reminded that for other loans, there should not be a
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  • Article
    Direct flights to Bali with SIA and Garuda
    194 1 IN A that will wrtt ill hi the Iterative Ball aeeter, hpfM ik Airvtyi rf iaitaMh eperate'Tdbreet Mrvtee to SBmwmST direct (tkcMcd charter service ML The dally suihm wfll begla treat Dee 1 IMb fHgkT wU) "ort'lraveittßg half STVTK to Bel fly
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  • Article
    Sanwa is back with a second floater
    400 1  -  By QUEK PECK LIM A SECOND wave of floating rate negotiable certificate of deposits has hit the Asian dollar market. On the heels of Mitsui Bank and Fuji Bank, a third Japanese hank has returned to tap the market for funds. X' The
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  • Article
    Lock icon Trade, fares at issue
    102 1 Reuter. AUSTRALIAN trade restrictions and new cheap air fares on the so-called "kangaroo route" are expected to dominate talks between Asean and Australia next week. Senior officials from the five Asean nations will attend the talks in Canberra on Monday and Tuesday. The meetings take place
    Reuter.  -  102 words
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      Page 1 Advertisements Column 2
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      136 words
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  • TRADE AND INDUSTRY
    • Article
      Eurotech's shows oriented to Asean needs
      287 2 EUROTECH Managements has planned a series of trade exhibitions and conferences centred round the particular problems of the Asean business community. In doing so, it has also chosen Singapore as the venue for these events. The first of these is Asia Marinf '79, to
      287 words
    • Article
      Lock icon Nippon steels itself for further cutbacks
      168 2 UPI. NIPPON Steel Corp, the world's largest steel maker, has announced that it plans to suspend operation of five of its 10 plants. The plans would slash its annual steel production from 47 million tonnes a year to 36 million tonnes, the company said.
      UPI.  -  168 words
    • Article
      Lock icon AVERTING FOREX RISKS
      86 2 UPI. MATSUSHITA Electric Industries, maker of Panasonic audio equipment, said in Tokyo it will step up production of colour television sets in the US to avert foreign exchange risks arising from the US dollar's value loss against the yen. The company said its profits have been on
      UPI.  -  86 words
    • Article
      Three Sisir drafts for comments
      180 2 THE Singapore Institute of Standards and Industrial Research (Sisir) Ins released three drafts for pnbUe comments. Ilw first is on Industrial safety signs. This defines safety colours and geometrical forms (layout, symbols and dimensions) of safety signs for the prevention of Industrial accidents and for
      180 words
    • Article
      Lock icon S. AFRICA A VITAL MARKET TO BRUNEI
      110 2 Reuter. OIL-RICH Brunei now lists South Africa as its' third most Important market after Japan and the United States, according to government figures released in Bandar Ssri Begawan yesterday. Statistics for the first six months of this year show that South Africa purchased
      Reuter.  -  110 words
    • Article
      Basic test is mooted for life agents
      1045 2  -  By COLIN CHEE NEW life insurance agents here may soon be required to pass a basic life insurance course before they are allowed on the streets. The course, to be conducted by the Singapore Insurance Training Centre, would be considered a minimum qualification
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    • Article, Illustration
      OFFICERS ON COURSE
      219 2 NINE «Clfoers ef ike Chartered Buk, three (rem Maityria, eae fcem Braaei aal the rat trem Hlagipwr are aew atteadtag a week mm eearae ea markettag aad leatfag, at the kaak't traiaiag eeatre la Upper Hhhh Bead. The efleen are Mdm. Una Pek Cheea tram Petattag Jaya,
      219 words
    • Article
      Developing technical staff takes first place
      430 2 SINGAPORE'S needs for technical training officers and teachers have largely stabilised, and with this, greater attention can now be paid to the identification of technical staff for career development and upgrading. The director of the Industrial Training Board, Mr.Lim Jit Poh, said the ITB
      430 words
    • Article, Illustration
      Signing seal of quality
      124 2 CARBEC Pie Ltd has signed an agency agreement with It* aad Ca W Japan. Ita and Ca is ene «f Japan's leading manufacturers aad dlstribntars m fti raage af qaallty office farnitare aad equipment. It alsa handles fire resistant data media star- Age systems, document sales
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    • Article
      Lock icon Australia is enthusiastic over the China market
      395 2 Agencies. THE Australian Deputy Prime Minister and Minister for Trade and Resources Doug Anthony said China's new economic policies are one of the most exciting developments in international trade. Mr. Anthony said he hopes China's aggressive efforts to modernise its economy and the
      Agencies.  -  395 words
    • Article
      Lock icon Success at Asean fair
      267 2 UPI. ORDERS worth about US$5OO,OOO (Ssl.l million) have been taken by exhibitors at the Asean trade fair held in Sydney this week. "The fair has been a great success, director general A. L. Paltridge said yesterday ."We feel that the objectives set for the fair have
      UPI.  -  267 words
    • Article
      MEMO PAD
      438 2 COURSES AND TALKS Oct 6-28: The effective executive, SIM, SIM Oct 17-31: Employee training and development, Holiday Inn, P.O.D. Oct 21 and 28: Telephone techniques and courtesies, SIM, SIM Oct 25-Nov 17: Business law, SIM, SIM Oct 31 to Nov 1: Marketing strategy elements and profitability, Ming Court,
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    • Article
      Question time on set-up of Asean grain terminal
      635 3 THE viability of setting up a regional grain terminal or a series of them in Asean will be studied by members of the Asean Federation of Food Processing Industries (AFFPI) when they meet in Bangkok next month. The third AFFPI plenary session
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    • Article, Illustration
      Quick on the draw...
      446 3 A LOW-COST computer drafting system that can produce bouse plans or draw complex electrical circuits in a matter of minutes, has been devised in Australia. Unlike other systems, the new development uses cheaper components at a cost of about A 560,000 (S5148.000) compared with systems costing
      446 words
    • Article
      The small man looms large in modem farming
      163 3 THE MAIN ililili teelag the warldjahs^glatoa to* Mi katvMgt «f Madera twatag MMbp to Ikt Ta (mm aa the hapar toaee tt tkb straggle, tke MntflaMl Mlierali fiSy i'lil'lE iTjyi! *> nil ■hT|" < *a Ike tkeaM af Ike 141k AMMlkMMwlere fee
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    • Article, Illustration
      Hongkong is drawing them in for a longer stay
      330 3 HONGKONG'S tourist industry saw a 20.9 per cent jump in revenue to HKJ2.4 billion (Ssl.n billion) and a 113.5 per cent increase in number of tourist arrivals to 975,692 in the first half of this year. According to the Hongkong Tourist
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    • Article
      A new phase in Singapore's livestock farming
      247 3 SINGAPORE'S livestock industry has entered a new phase of very intensive development. Four years ago, (or example, there were 2,926 (arms keeping a total of 217,000 pigs within the Kranji catchment area. Since last month, pig farming has been completely phased out from
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    • Article
      Lock icon Japan-US accord on farm produce
      209 3 UPI. JAPAN and the United States have reached basic agreement on (arm produce trade the issue blocking conclusion of the Tokyo round of multinational trade negotiations, Japanese government sources said in Tokyo yesterday. The sources said Japan will agree to increased imports starting in 1980
      UPI.  -  209 words
    • Article
      SBS PLACES ORDER
      81 3 SINGAPORE Bus Service has placed a $4.5 million order for 100 double deck bodies with a British firm. The order follows an extensive evaluation of 30 such bus bodies supplied 18 months ago. The 100 bodies will be de- signed and manufactured in component form by British
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    • Article
      Lock icon CHEMICAL ASIA KEEN ON SYNDICATE LOANS
      162 3 AFP ANOTHER bank has entered the syndicated loan business in the Asia-Pacific region. The bank is Chemical Asia Ltd whose senior executives, led by chairman C.W. Carson, met in Hongkong yesterday to set objectives and plan marketing strategy. Mr. Carson, who is also vice-chairman
      AFP  -  162 words
    • Article
      China opens bank in Luxembourg
      60 3 THE Bank of China will establish a new European branch in Luxembourg at the beginning of 1979, Luxembourg Finance Minister Jacques Poos said. The question was decided in principle some months ago and a recent Chinese delegation's visit here settied the matter. The Bank of
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    • Article
      Petroleum geology
      47 3 THE Department of Extramural Studies of the University of Singapore will hold a nine-lecture course on Aspects of Petroleum Geology and Exploitation every Thursday beginning Nov 2. The lecturer will be Dr. Jack Rykken, a part-time lecturer at the university and the fee is $40.
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    • Article
      Lock icon Incentives to help expand Malaysia rubber industry
      409 3 AFP MALAYSIA Is working towards providing better incentives inducement to stimulate expansion of the rubber industry in the country. The Malaysian Minister of Primary Industries Paul Leong said yesterday at die two-day rubber centennial convention in Kuala Lumpur that the strategy that was
      AFP  -  409 words
    • Article
      J.P.Morgan seeks new opportunities in Malaysia
      435 3 THE president of J.P. Morgan and Company, and its wholly-owned subsidiary, Morgan Guaranty Trust Company of New York, said in Kuala Lumpur that he is Looking (or new opportunities for the bank in Malaysia and also far ways of increasing cooperation between Bian Chiang
      435 words
    • Article
      Lock icon Omo's attempts are a wash-out
      193 3 AFP THE Offshore Mining Organisation (OMO) is losing 2.95 million baht (about *****.000) a year under an agreement with Billlton Thailand to dredge for tin ore in the Gulf of Thailand, the Bangkok Post reported yesterday. Quoting OMO director Piriyadls Diskul, the paper said OMO
      AFP  -  193 words
    • Article
      A Welcome move
      61 3 NTUC Welcome will reduce the price of Thai 100 per cent fragrant white rice (supergrade) by 10 cents a kilo from today. A six-kilogram bag will now cost $6.60 instead of the previous |7.30 at all Welcome supermarkets and (air price shops. The prices of Thai 100
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    • Article
      Shortfall
      57 3 THE deficit of world refined copper output over consumption will fall next year to about 100,000 tonnes from between 200,000 and 300.000 this year, Mr. Sacha Queronik, secretary-general at the Inter-governmental Council of Copper Exporting Countries, said. All Cipec coununtries are producing what they can and the 1979 forecast
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      249 2 MCr*»*?t -MNB'SMOO asean Business Quarterly watching tigers from the mountamtop What are the realities of intraASEAN trade? Major markets for spices Palm oa prospects to 1985 look excellent Wll there he a recession in the US in 1979? is a urea mountain inevitable? Natural rubber prospects in 1980s The latest
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      2 2 Lwto...P>ft f
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      629 3 I IJ CRYPTIC PUZZLE ACROSS I Like fallen leaves permanently in the garden (4) 4 Superior backer? (6) 8 Do a bit of good, pet (3) 10 She returns to the U.S. as a star (4) 13 Fat ducks? Not entirely (8) 14 The best name in fireserves? (7) mpress
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      517 4 THE Singapore market closed higher yesterday with November One RSS buyers quoted at 256.00 cents per kilo, up two cents. Continued forward buying coupled with covering interest ahead of the coming long weekend caused some steadiness in fairly active trading but the gains were pared in
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    • Article
      Closing prices
      35 4 Rubber: Oct 27 Singapore: No v e m be r :256.00cents (up 2.00 cent) Malaysia November: 258.50 cents (up 1.00 cent) Tin: M 52,040 (up $10) Official offering: 200 tonnes (up 34 tonnes)
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    • Article
      RAS PRICES
      344 4 Prices in cents per kilo yesterday: Noon Ck»e (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 251.75 252.75N 253.00 254.00N Int. 1 R.S.S. November 254.75 256.25. 256 00 256 25 Int. 1 R.S.S. December 259.50 260 00 2H.50 2M.75 Int. 2 R.S.S. 247.50
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    • Article
      SSR and SMR
      89 4 NOON SSR and SMR prta yesterday: tu N«V« D 5? <»m> <*« WriMJI) SSR 20 (1-ton pallet) SSR SO (1-toa pallet) 236.50 SSJ, 2» Co"*'zSTOON' 233.50 235.S0N moo 238 OON MRELB SMRSCV (1-too pallet) SMR SL < 1-ton pallet) SMR 5 (1-ton pallet) SMR 10 (lton pallet)
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    • Article
      Hongkong Comex
      133 4 SUGAR futures closed 0.10 US cents lower in continued dull and featureless trading yesterday, with turnover unchanged at eight lots, dealers said. v The daily spot sugar price was steady at 9.25 cents. sugar future* closing prices: ClmSi hwhii I Ctah| Jan 9.30/30 9 «/60 Mch 9.56/59 98/S
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    • Article
      Spot prices
      178 4 YARN aad cotton la Hongkong dollars, spot exgodown: Olltia )MI CUh: Blue pheonix 20 s 2.100. 32** 2.T00, 40*s 2.900 (per bale of 400 lbs) Flew (M* CUm: buttterfly and (lobe brand unq, dragon bead unq Ave lambs uaq; Bower and bufferfly unq Dying gee* uaq (per piece
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    • Article
      Produce exchange
      238 4 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PUCES PER PICUL YESTERDAY. Coconut oil: Bulk $107 sellers, old drum tlllMUers, new drum $U7seUers. Copra: Mixed (loose) UKCont. JS7 buyers Pepper: Muntok ASTA white FO B. 100 1 NLW $352 W sellers. Sarawak white f o b. NLW $335 sellers. Sarawak
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    • Article
      Sugar
      204 4 LONDON raw sugar futures opened £1.20 to £1.55 per tonne down in a turnover of 875 lots. Dealers said yesterday's hesitant opening around Thursday night's lower kerb levels reflected quiet physicals and the fact that in New York soft commodities were rather depressed despite weakness of the dollar. t
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    • Article
      Coffee
      94 4 ROBUSTA futures opened £12 to £15 per tonne down yesterday with turnover at 194 lots. Dealers said the lower opening followed in wake of the New York trend. But after losing around £20 local buying and short covering halted the decline. There was no fresh news to affect sentiment
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    • Article
      Cocoa
      71 4 LONDON terminal cocoa eased in late dealings, closing at around the day's lows with losses of £29 to £35 per tonne on Thursday. Traders said values continued to weaken in the afternoon on lack of follow-through combined with a gradual build up of speculative long liquidation and dealer selling.
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    • Article
      Wheat
      57 4 CHICAGO saw heavy mixed buying pushed wheat futures 3-1/2 to 9-1/2 cents a bushel higher at the close and drove December on Thursday to a new season's high. A professional house paced the advance again, buying an estimated five to six million bushels on top of an estimated nine
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    • Article
      Soybean
      46 4 CHICAGO soybean meal futures found commercial support and closed with gains on Thursday of 12.50 to 10.50 a ton. Oil futures, pressed by commission house selling, ended 0.02 cents a lb lower in the spot month but 0.02 to 0.48 cents higher in the rest.
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    • Article
      Straits tin
      301 4 THE Straits tin price in Penan# rose another MHO per picul to 12,010 yesterday. Continued strength is attributed to general substantial follow through demand with Japan, the US. Eastern Europe and local buying support particularly strong. London's easier tone and higher tin supplies did not affect the strong
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    • Article
      Silver
      152 4 SILVER on the LME was up 2.3 pence all round in London on Thursday. Afternoon values fluctuated in line with movements in US futures although trading was only modest and featured by carries.Threemonths traded down to 302.5 pence but worked back to 304.0 pence briefly, on the kerb. Morning
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    • Article
      Rice
      168 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne F. 0.8. basis Bangkok) WMte (toe: 100 pet Ist class 360. 100 pet 2nd class 345, 100 pet 3rd class 340. 5 pet 333. 10 pet 310. IS pet 305, 20 pet 300, 25 pel 295,
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    • Article
      Lock icon Rubber prices now recover
      284 4 Source: Holiday, Cutter, Bath A RETURN to steadier conditions has been experienced as prices recovered some seven cents before coming off best finally on lack of follow-through. The market took its cue from daily advances in London, where Russian interest was reported, in circumstances reminiscent of
      Source: Holiday, Cutter, Bath  -  284 words
    • Article
      Copper
      340 4 LONDON copper wirebars finished the morning down £15 far cuh and £3 tor Threemonths yesterday. The premarket received covering support against East European physical demand in the morning and Threemonths traded up to £768 per tonne. Subsequently, values tended to fluctuate in line with movements in sterling against the
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    • Article
      Aluminium
      43 4 LONDON aluminium finished with losses of £2.5 Some end-week liquidation was encountered in the premarket prompted by the general trend but following a drying up of the selling, prices steadied partly in the ring. Turnover of 1,075 tonnes was about half carries
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    • Article
      Lead
      37 4 LONDON lead closed the ring up mostly £2.5 yesterday. The premarket sagged in line with zinc and following expectations of very little change in warehouse stocks after earlier market talk in some quarters indicated sizeable outgoings.
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    • Article
      Gold
      421 4 THE kilobar in Singapore opened at 5H5.916 yesterday and closed at $15,943. The high and low were 5515,977 and 5H5,916 respectively. The market was quiet. The London spot gold market opened at U5J232.50/90 and cloned at U5J233.05/35. The high and low were U*****.60/90 and U5J232.50/80 respectively. The market was
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        486 4 THE US dollar opened on the foreign exchange market yesterday on firmer grounds. However, news of the. la test US trade figures, which showed continuing deficit, brought the dollar down through the day. Against the yen, the dollar opened at 180.15/25 and was the taken down to 119.40/50
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      • Article
        Asian $ rates
        172 4 Asian rates ASIAN currency deposit Interbank rates as at close on Oct 27: UIMMM) Offer *1 7days »V. 1 month 9 13/16 9 11/16 2 months 1013/*****1/16 3 months 1013/*****1/16 6 months 11 7/16 11 5/16 9 months I1H 11 v 12 months 1IH 11H 8w.Tr*. Dm. (IHMII MM) 1
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      • Article
        Discount
        52 4 Range of prices offered by dlicoul kouei oa Oct XI: Oversight—3-3 i Call deposits—3» cuw Bayiac Se Uia< 3 month Treasury bllU 3 13/16 3 11/16 3 month Bank bills 6 13/16 6 11/16 3 month CD V. 7 6 month CD 7 5/16 7 3/16 Source: National Discount
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      • Article
        Treasury bill tender
        73 4 RESULTS of tender held yesterday for 91day and 182-day Treasury bills: •1 -4m j M* ta be MkwMB hhlMtl bllMlHltM «Mn MBUNMI OfTerW: Applied: Alio ted Accepted Md>~ MOQOMK 97.an.oao sn onjoo Par Oct 31 «H .03 and above la lull $15,000,000 (32.73i.000 J16.000.00C JMM approximately ioih
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      • Article
        London
        189 4 THE dollar opened firmer compared with Thursday night's close but mixed compared with New York finishing levels and eased quickly in early trading, dealers said. Against the mark it opened at 1.7745/55 compared with the 1.7595/7600 London closing and 1.7750/80 in New York but fell rapidly to around the
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      • Article
        New York
        126 4 THE dollar firmed against most major currencies in Thursday's late trading, in most cases closing higher than Wednesday's close and the morning's opening, dealers said. Dealers attributed the late afternoon strength to a combination of factors such as New York Federal Reserve bank intervention after trade deficit figures
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      • Article
        Tokyo
        192 4 THE US currency fluctuated between 179.10 and 179.60 yen in light but nervous late trading after rising briefly to a high of 180.40 yen initially, dealers said. The Airly dollar recovery reflected its overnight firmness in New York following announcement of a narrowed US trade deficit with Japan in
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      • Article
        Euro $ rates
        142 4 Euro rates LONDON Eurodollar deposit rates opened basically unchanged yesterday There was virtually no reaction to the less than expected US money supply fall. In periods, Two months was a little higher than usual at 10-13/16. 10-11/16 pet because of a Friday end falling Just ahead of long year-end weekend
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      • Article
        Hongkong
        46 4 BANKNOTE RATES yesterday US 4.71 4.74 UK 9MIM Burma 1.3D/IJO India 4JB 5.10 Indonesia 1.10.l 15 Japan 2.C35 2.665 Korea OJB, 0.92 Philippines 0 58 0 60 Singapore 2.212.24 MaUysia 2.19 2.22 Brunei 2 07 2 10 Thailand 24 20 24.50 Taiwan 12 90 13.00
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      • Article
        Frankfurt
        51 4 KRANKFURT exchanges closing quoin on Thursday: US 1 7680 95 Can 1 4965 85 Stg 3.637 <7 Dfl 91 65 75 Sfr 116.85 15 Lit 2 221 231 Ffr 43 23 33 Dkr 35.95 05 Nkr 37 SO 10 Bfr con 6.3« 56 Blr fin s*o 020 Yen o*7o
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      • Article
        Australia/NZ
        60 4 AUSTRALIA-NZ exchanges rates yesterday: US dlr 1 1836 1 Sterling 0 57(3 0 5694 Ninety day air mail buying rates Sterling ***** US dlr* 1,2206 Ninety day forward buying rates Sterling 0 5778 US dlr* ***** New Zealand Sterling 0 5306 0 5278 US dlr 1 0837 1 0837
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      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7.5 per cent.
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      Page 4 Advertisements Column 1
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      200 words
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  • OVERSEAS
    • Article
      Lock icon Americans take heart in latest set of figures
      598 5 Reuter CARTER administration officials are encouraged by the latest set of US trade figures, despite the (act that America's trade deficit with the rest of the world in September widened slightly to USH.G9 billion (553.5 billion) from $1.62 billion in August. The
      Reuter  -  598 words
    • Article
      Lock icon CARTER WILL SIGN
      54 5 Reuter PRESIDENT CARTER has said that he will M«a the UB$lM Mfflaa (ahsat B$M MUea) tax redaetiea Mil pund by the US Caagress. He made the aaaeaaeemeet at a patttleal rally at Miami Beach, Florida aa Tharsday. The Mil capital galas far iaveatars aad alas eats taxes
      Reuter  -  54 words
    • WORLD IN BRIEF
      • Article
        GOLD SALES SUSPENDED
        405 5 THE INDIAN government said it is suspending future auctions of gold pending a fresh review of gold sales policy. The decision was taken because of high prices of gold in the international market and erratic prices in the domestic bullion market. THE state-ewaed British Aerespaee Cerperatlea yesterday
        405 words
    • Article, Illustration
      SHIPS IN PORT
      391 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Dong Bee (0700) 40/41 Erick Lu (after Eternal Moon) B/5 Gerbera (1500 after EugenioC) 45 Kota Petani (after Kota Ratna) 10/11 Louis Lykes (after Lica Maersk) 6/7 Ocean Harmonia (1100 hauls 15m West) 13/14 Post Cjallenger (1500 after Palm Sea Horse A
      391 words
    • Article
      Lock icon Canadian GDP up
      58 5 Reuter. THE CANADIAN index at real gross domestic product rone 0.1 per cent in August to 132.7 (base 1971) after a 0.2 per cent rise In July, Statistics Canada said. Industrial production fell 0.8 per cent in August and output of goods-producing industries fell 0.6 per cent,
      Reuter.  -  58 words
    • Article, Illustration
      MODEL CONTAINER ROOM
      86 5 DEVIATING freaa Ita caeveatleeal aae, ft SeaaDatek tm eeatalaer Wfti cMverted late a ii iiartag imi far Ike OnMi paiHdpfttti| la aa nMmt hafclftft skew The fnaMta akew wu held reeeatly la eea>uetfea with "Happy Daya la Ike City,"a festival week iryirianl Ceatre AaJadglag tram Ike aac-
      86 words
    • Article
      Lock icon Dollar weakness hits Eurobonds
      472 5 Reuter. RELUCTANCE to hold US dollar investments and the high cost of financing dollar Eurobond positions have again caused marked falls in Eurobond prices in the last week although trading has not been entirely one way, dealers said in London. The fixed rate bond mar-, ket
      Reuter.  -  472 words
    • Article
      Lock icon UAW throws its weight behind Carter
      312 5 AP. UPI PRESIDENT Carter's new anti-Inflation programme for the US has picked up tentative support from a second major union, while a third union voiced defiance of the President's wage guideline. The United Auto workers generally endorsed the programme hut said there should be
      AP.; UPI  -  312 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      603 5 ARRIVALS Serrie* Local Operator Nuibcr Tiac Froa SIA SQM0 1210 MES su SQ63 1215 MNL KLM KL837 1230 AMS/FRA/ KHI/BKK SIA SQ201 lie HLP MAS MH684 1250 KCH SIA son 1340 BKK MAS MH651 1330 PEN/KUL SIA SQ455 1340 BWN GIA GA900 1400 HLP CPA CX703 1415
      603 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      206 5 SINGAPORE i MCfI»«rtVWVCL2 NOW IM> OCTOBER Wt PRCE $300 I V* > A I>A Si L LV °S/y z j? 40* Uj or '/>/, di ()r ni <} Ut)i b d ti( n >n <tt r 'n O/ Uj ft o W OI V/y/ ft Singapore Business has gained a
      206 words
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  • Article
    Oh! for the life of me, go away
    357 6 ALL Singaporeans who are not selling insurance will have to plan very hard their future course of action in the next few months. Should they rejoice at the prospect of a licensed, much smaller and more professional pool of insurance agents? That
    357 words
  • Article
    Flight of fancy to Bali comes true
    257 6 NOW that Singapore Airlines and Garuda have agreed on a joint service to Bali, it will not be long before hordes of Singaporeans flee from the shadows of high-rise buildings to savour the exoticas of that paradisical isle. No more will the words
    257 words
  • Article, Illustration
    Lock icon From chips to computers in one breathtaking bound
    2269 6  -  NATIONAL SEMICONDUCTOR'S SPECTACULAR TRACK RECORD IT WAS NOT uttl the early IMb that were developed f#r "chip" at duces, aad ap la tern aa Integrated dreah. Very rapM strides have dace heea made la etchlag marc aad awrt traaslstsrs sate chips aaly
    FT.  -  2,269 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      285 6 'Future Generatlon' from Philippines 'v-;. Sw? m i Just don't miss them at the lon Bar while they are here Also on stage to a non stop musical delight Sonny Bala A The New Moongtow* Constellation Louts Tan 3-0 Faudah Josephine (from Philippines) 111 wr; 111 in sin; S |M
      285 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      65 6 IWEfITiHEfi! OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in early morning. Report for 24 hours prior to 7 .3# p.m. on Oct 27 at the Airport: Maximum temperature 29.6 C Associated humidity 74 Minimum temperature 23.2 C Associated humidity 95 Hours of sunshine 2.96 Rainfall in
      65 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      264 6 SINGAPORE 5 1.00 PM Opening announcements followed by Sesame Street* 1.55 Saturday Matinee House Of Strangers Starring: Edward G. Robinson, Susan Hayward, Richard Conte, Luther Alder 3.35 It's A Knockout* 4.35 Sandiwara A Malay drama entitled 'Philih-Philih' with English subtitles (Repeat) 5.15 Little House On The Prairie The Fighter* 6.30
      264 words
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  • Article, Illustration
    Lock icon EEC nine dithering over a brand new monetary system
    726 7  -  By ANDREW WALLER Reuter COMMON MARKET leaiero 1b Moid of a m EarapeM Meaetary System (EMS) (ace a riddle Hke the eid cm abMt the ebiekea Mi Wkiek Mi cmm Bntf The seae i ■lottery stability the EMS to lateaded to
    Reuter  -  726 words
  • Article, Illustration
    Lock icon TAKE IT OR LEAF IT
    1069 7  -  By DAVID FISHLOCK FT A REPORT has just been released of a trial carried out in India during 1975-77 in which schoolchildren were fed protein extracted from leaves. For those who see leaf protein as a vast, untapped reservoir of human food, the trial the
    FT  -  1,069 words
  • Article
    STRAWS IN THE WIND
    521 7 AN EXCITED friend reports he has found the Asian answer to Paul Getty. This is a Shanghainese multi-mii-lionaire he met in London who owns homes all over the world (but with the main forts in Surrey and Los Angeles) and spends £3 million (SJI3 million) a
    521 words
  • Article
    Lock icon Jimmynomics just don't add up
    824 7 r ...on inflation NYT. By WILLI AM S AFIRE JIMMY CARTER'S Inflation tomfoolery the other evening made two essentially dishonest points: FIRST, he tried to pretend that this year's double-digit inflation was about par for the course of his predecessors. That's making figures do tricks.
    NYT.  -  824 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      350 7 New Japanese Restaurant K IKU^fr serving authentic A Japanese food Vp}>an Yakki Temfxira shashimi *sukivaki *ShabuShabu KIKU JAPANESE RESTAURANT ORCHID INN Tel *****2 214 Dunearn Road Singapore 11 bight MP £OHP Deepavali COme to Rdng Mahal on Sunday. October and savour a lavish Indian Buff**! Pamper vour fast*- buds uith
      350 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      50 7 Bristol: l>icZens USTfeN "R3Tms U>£ £.€XuR*4tNG Nouß f>OP\NUSC£PT "BPTTTUESHIP PtfMN P\S IT IS uhqucstonrbly P» STftfMGHT ST£PyL FROm Tfce Best seu.w&. &ook "wFrRy?SHip DOUJK* By RICHRRD PORms THe-rHeme, LocaT lofJS RMD F\R£ \DOsIT»CRU IN eveRV SeSflEcT.... raw onln/ Tue MPnes 01 Tv4e Rrbbits HPIVC Be&N CHRhJG£o of HPCK PihlD MROTujood
      50 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Brokers active
      627 8 TOKYO Source: DBS-Daiwa THE market was very bullish, yesterday as it was the last day for delivery this month and the major brokerage houses took an active stance. The Nikkei DowJones average recorded an alltime high and closed the day with a sharp gain of Y50.34 at Y5.887.32.
      Source: DBS-Daiwa  -  627 words
    • Article
      Lock icon Hongkong
      356 8 Source: SHK Sec. THE market after a very mixed opening yesterday, quickly fell on nervous liquidation caused by the prime rate rise to 7.25 per cent. This resulted in the index falling 0.00 points by lunchtlme Swire Pacific came under particular pressure but recovered later as local Investors returned
      Source: SHK Sec.  -  356 words
    • Article
      Sydney
      344 8 GAINS by AGC Finance Corp and selected miners featured amidst further losses among leading industrials yesterday, dealers said. After the Bank of NSW announced Its partial takeover bid. AGC recovered from its slide to add 40 cents to A 5529. but fell back to close at $1.85. The announcement
      344 words
    • Article
      Bangkok
      190 8 OMIT Bahi Bangkok Bank Bank of Ayudhaya Ltd Bangkok Metropolitan Bank Thai Commercial Bank Thai Danu Bank Thai Farmers Bank Industrial Finance Ctorp Bangkok Investment First Trust General Finance Lee Kwang Ming Trust Raja Finance Slam Credit SyuthayaInv. and Trust Safety Insurance Thai Insurance Jala Prathan Cement Slam Cement
      190 words
    • Article
      BROADLY LOWER
      1220 8 NEW YORK PERSISTENT downward pressure on the dollar and fears of still higher Interest rates on Thursday pushed stocks broadly lower In moderately active trading. New York Federal Reserve Bank intervened tn support of the dollar after news of further widening of the US trade deficit in September
      1,220 words
    • Article
      Lock icon National Steel results buoyant
      167 8 Reuter NATIONAL Steel Corporation said its third quarter profit nearly tripled on the strength of near-record shipments and production compared with the similar period a year ago when results were adversely affected by coal and ore mine stoppages. The company reported a profit of US$4O.4 million,
      Reuter  -  167 words
    • Article
      Lock icon INCO CUTS DIVIDEND
      141 8 Reuter INCO LTD. said it cut its quarterly dividend to USIO cents from 20 cents on class A and B shares. Hie dividend is payable Dec. 1, record Nov. 2. This brings total dividends paid this year to 70 cents per common share compared with $1.25 in
      Reuter  -  141 words
    • Article
      Gold demand moderate
      390 8 Johannesburg GOLDS moved ahead on Thursday. In line with firmer bullion Indications, on moderate local and overseas demand Oalns ranged to around 100 cents In heavyweights and up to 20 cents elsewhere Afrikander Lase fell 40 cents to 460. following the chairman's statement that the proposed uranium
      390 words
    • Article
      Toronto
      214 8 OCT X C* Abiubt Aiean Algoma Bank Mont Bank No** Scotia Bell Tel Beth Corp BP Can Lid Brucan Camp Red Lake Can Imp Bk Canpac Canpac Inv Pf Carltn«O Keete Comlnco Cons Bath ConsMarbenor Dankoe Deniwn Dom Stores Dom Tar Dome Mines Falcon bride? Fatconbrtdge Cop Oenstar Ot
      214 words
    • Article
      Selected Indices
      63 8 FINANCIAL TIME8 INDU8TRIAL8 Thursday 484.4 Wednesday 480 7 Week Ago 495.8 DOW JON£8 AVERAGE INDUSTRIALS Thursday 821.12 Wednesday ***** Week ago #46.41 LONDON DOLLAR PREMIUM Thursday 71 to 71 1/2 Wednesday 75 to 751/2 H.K.HANG SENG Friday 073J1 Thursday ®71.73 Week ago 644.90 SYDNEY INDUSTRIALS Friday 460J6 Thursday
      63 words
    • Article
      Amsterdam weaker
      657 8 EUROPEAN MARKETS AMSTERDAM Share prices generally weakened on Thursday following the further fall of the dollar, led by Hoocovens and Akso. 0 80 and O.'O guilders lower respectively among Dutch Internationals. Unilever edged higher. HVA tost almost 10 guilders on Its four million guilder first half operating loss
      657 words
    • Article
      Amsterdam
      229 8 OCT X n» ABN 340 00 unch Ahold 110 70 -I.J Akzo 28 10 -0.7 AMEV M30 -0 1 Amfu 104 00 +2 Amrot Bulk 74 50 -0.2 Dfr|cni S7 00 -2 Berk 90 30 -0.4 Bo Is 89 10 -12 BorsumlJ 147 00 unch Burhm*nn 71 00 *0
      229 words
    • Article
      Frankfurt
      237 8 OCT M Dm Aef-Telefunken 15 70 0 3 Akxo 26 -0 5 Allx Lr Den ■mo 10 Alii Ver* 493 J BASF 1J7 30 1.2 Bay H T Wbank 316B BayVDank 322 MB— Bayer 142 10 I BBC 111 +6 5 BMW 22S SO unch Caasella 422 2 Chem
      237 words
    • Article
      Paris
      269 8 OCT X CORSE! LLE Air-Liquide B 8 N Gervals Danone C S F< Thomson C«f) Cie Franealse des Petroles Compacnte Financier® Compacnle General* Credit Fonder De France Hachette 1 Libra! ne) Machines Bull Mlchelln (B) Pari baa Pechlney Clglne Kuhlmann Peugeot• Pnii!pa(NvOem Beat) PnntempsS A Frs 308 MO 381
      269 words
    • Article
      Brussels
      91 8 OCT X Fra FORWARD market Acec .403 -10 Arbed 2230 10 Astur 710 -10 Brascan 427 -33 Bru-Lamb .1580 10 Canpac MO -20 Cock 410 -10 Dr Beers .190 -5 Ebes 2325 -5 Electrobel 6740 10 Gb-lnno-Bm 2450 unch Oev 1334 unch Hobok 2820 -15 Petro 3290 +20 Ryl
      91 words
    • Article
      Milan
      88 8 OCT X Lire Ante 63 ♦0.25 Assoc 0*n 3M00 140 Bastogl 13 Ontrale 4678 -2 Flat 2664 -31 Flnsldtr 162 ♦6 Oen Immob ♦3.75 IFlPrl 2518 -25 Italcementi ***** ♦620 Italgu 752 ♦7 Italsider 368 Ma«T*tl M Pf 48i 10 Marflli Ere 274 1 Med tob ***** -50 Miralanza
      88 words
    • Article
      Zurich
      184 8 OCT Francs Actions Sulsses 263 Alusuisse Br s*w -20 Alusuisse Ret 4M 4-1 Brown Boven Br 1525 -5 ClbaGelgy Br 955 -15 Cltxa Gfig) PC ...IX unch Cibe Gelgy Reg 580 unch Credit Suisse Br 2165 -15 Credit Suisse Reg 418 unch ElekUowa.lt Bi 1760 -15 Oforge Fischer Br
      184 words
    • Article
      SHELL CANADA DOWN
      98 8 SHELL Canada Ltd. petroleum products earnings were lower in the first nine months of the year, reflecting continued pressure m selling prices resulting from oversupply in Ontario, Quebec and the Atlantic provices and continued cost increases. In the third quarter, this pressure was only slightly eased by
      98 words
    • Article
      CHICAGO BOARD OPTIONS
      1523 8 October 26 CHICAGO Board Options Exchange volume eased to 137,427 contracts on Thursday from 150,759 on Wednesday. OPTIONS JAM APL JLY STOCK Alcoa Alcoa Alcoa Alcoa Am Exp Am Exp Am Exp AUR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank Am Bank Am
      1,523 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      206 8 c o^ al% V s tV» c 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
      206 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon RTZ plans to buy copper concern Duisburger
      153 9 Reuter RIO TINTO Zinc Corp. Ltd. CfJTZ) is planning to buy the Met-making German copper concern Du is burger KupferP*«e. A spokesman for Duiskurrger Kupferhuette in Du is burg confirmed it is being sold to an international. mining group, but de- clined to
      Reuter  -  153 words
    • Article
      Insurance firms of Norway post higher gains
      362 9 f < EUROPEAN THREE OF Norway's leading insurance companies including the industry leader, Storebrand-Idun report improved results for the first half of 1978. Store brand expects its results for the whole of this year to show a significant improvement following a first half
      362 words
    • Article
      Lock icon Royal Dutch to raise oil purchases
      105 9 Reuter THE ROYAL Dutch/Shell group agreed to increase its purchases of Kuwaiti crude oil by 50,000 barrels a day over the next three years to average 360,000 barrels a day. Kuwaiti Oil Ministry officials said an agreement to this effect was signed, renewing a
      Reuter  -  105 words
    • Article
      Lock icon ECSC BOND
      64 9 Reuter THE HIGH commission of the European Coal and Steel Community (ECSC) will redeem its 60 million franc, 5.5 per cent bond 1969/87 prematurely at par on March 1, next year, the Zurich stock exchange said. It will also redeem its 80 million franc, 6.25 per cent bond
      Reuter  -  64 words
    • Article
      Lock icon PERRIER STRATEGY PAYS OFF
      905 9 FT PERRIER, the fizzy water in the squat green bottle which is \as popular in France as claret, burgundy or champagne, has mounted an assault on American dinner tables with results which are outstripping its makers' wildest dreams. To cope with US demand, the Perrier firm's
      FT  -  905 words
    • Article
      Lock icon Matsuhita Electric announces one-for-10 scrip
      94 9 Reuter .MATSUSHITA Electric Ipdustrial Co. Ltd. announced it will make a onejj for-10 scrip issue on Nov. 20. H This will increase the company's capital to 59.04 yen from the present fIWT billion, the company said. It will also pay a special dividend of 2.5
      Reuter  -  94 words
    • Article
      Lock icon S. China Morning Post up
      53 9 Reuter THE SOUTH Morning Post L\d. posted a group net profit of HKS9O.BB million for the year ended June 30, compared with 126.53 million for the same period last yfefrr v Final dividend at 60 cents (|s), naking total 85 cents <»». Books closed Nov.
      Reuter  -  53 words
    • Article
      Lock icon TOYO KOGYO REDESIGNS CAPELLAS
      99 9 Reuter TOYO Kogyo Co Ltd. said it has redesigned its range of ."Capella" family cars. Its president Mr. Yoshiki Yamazaki said initial sales ofTthe 1,600 or 1,800 cc models are expected to be 11,600 a month, 6,000 of them sold abroad. He said of the 6,000
      Reuter  -  99 words
    • Article
      NYK
      29 9 NIPPON Yusen K.K. (NYK) said it will float a 50 million mark convertible bond on tlJ|e European capital market next month through a syndicate led by Westdeutsche Landesbank.
      29 words
    • Article
      Lock icon Alcoa builds new alumina refinery
      306 9 ASIAN FT. AUSTRALIA'S ALCOA is to build its third Western Australian alumina refinery at Wagerup, near its other plants at Kwinana and Pinjarra, it has been reported from Perth. The As2oo million plant will produce 200,000 tonnes of aluminia a year and is the first
      FT.  -  306 words
    • Article
      Lock icon Australia's uranium may even be larger
      312 9 FT. BASED ON a survey of the uranium deposits already delineated in Australia's Northern Territory, the lodes there may be much larger than so far has been estimated, according to the latest monthly report of America's Nuclear Exchange Corporation (Nuexco), a uranium broker. The
      FT.  -  312 words
    • Article
      Hidden reserves cut CBA earnings
      164 9 THE COMMERCIAL Bank of Australia Ltd. (CBA) would have reported an A 530.8 million profit after tax in the year ended June 30 under new bank disclosure rules, instead of the 525 6 million actually reported. The chairman Mr. S.M. Kimpton said the CBA appropriated
      164 words
    • Article
      Lock icon Shipping schedules improve MIM copper sales
      235 9 Reuter MIM Holdings said its unaudited consolidated net earnings were A 511.96 million (18.80 million), for the'first 12 weeks ended Sept. 24 on sales of $102.21 million ($82.01 million). Earnings are after tax of $7.03 million ($7.90 million), depreciation $6.49 million ($6.34 million), royalty
      Reuter  -  235 words
    • Article
      Lock icon HITACHI IMPROVES
      34 9 Reuter HITACHI Ltd. reported a net income of 17.84 billion yen (15.04 billion) for the first half ended Sept. 30. Sales 752.93 billion yen (707.20 billion) and interim dividend three yen (same).
      Reuter  -  34 words
    • Article
      Foreign operations boost Mobil profit
      840 9 N. AMERICAN MOBIL Corporation, citing favourable foreign energy operations, reported an 8.5 per cent increase in its third quarter profit and a 13.3 per cent rise for the nine months. The company, whose principal subsidiary is the Mobil Oil Company, posted a profit of US$259
      840 words
    • Article
      Lock icon Continental owes rise to improvements
      534 9 Reuter. Oil Co. reported a third quarter earnings per share of 98 US cents (75 cents) on net profit of $105.8 million ($Bl.O millin). Sales were $2.4 billion ($2.2 billion). Nine-month earnings per share of $2.75 compared with $2.78 on net profit of $296.1 million
      Reuter.  -  534 words
    • Article
      Lock icon Anheuser reacts to baby beer charge
      176 9 UPI. THE AMERICAN Anheuser-Busch brewery has suspended test market advertising and promotion of its new soft drink, Chelsea, because of criticism that it is a "baby beer." "Anheuser-Busch believes strongly that the concept behind the new soft drink Chelsea is socially responsible and that
      UPI.  -  176 words
    • Article
      Lock icon Texas grounded
      72 9 Reuter. TEXAS International Airlines Inc (TIA) told the Civil Aeronautics Board it intends to acquire control of National Airlines Inc., but cannot put forward a detailed plan because of National's position. TIA has reported that its president-chief executive, Mr. Frank Lorenzo, submitted testimony to the CAB, stating that
      Reuter.  -  72 words
    • Article
      BankAmerica
      31 9 IN Business Times, the third quarter and nine-month results of BankAmerica Corp. should have been denominated in US dollars. Owing to a typographical error, they were given in Singapore dollars.
      31 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      435 9 This Month's New Penguins THE HEALERS ART EriclCassd The Pumpkin Eater: Penelope Mortimer Humour, poetry and heartbreak run hand-in-hand in Penelope Mortimer's story of a mother's emotional breakdown and her husband's estrangement. The Pumpkin Eeter with its vision of the strength and frailty of woman, is among the best moving
      435 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1117 10 mm Mi attar Ma M Strata>nc*£* toMati.«M w»«NM altar tin R* Baart «aal (M lata of I.M> anna) an attar tha tattara SECTION ON* INDUSTRIALS Am (2.488) (2) 2.48 AWa4 Ckae (1.368) (1) I.M (1) 1.54 (1) 1.33 BAT (1.70B) (1) 1.74 (1) 1.75 (1) 1.79 Bate (2.758)
      1,117 words
    • Article
      Government bonds
      74 10 4 V 4% IWN (250.000) (M.908 100.058) «*Tf l/VB (250.000)(100.15B 100.306) V«% T P 11/M144 (250.000) (102.006) 7 1/4% 14/14/44 (250.000) (100.75B) 7 1/4% IS/4/S4 (250.000) (100.75B) 5 1/2% T P IWB7 250.000) (100 558) 7 1/4* 1/3/87 (250,000) (100.70B) 1/4% T P IVOI (250,000) (100 308 100
      74 words
    • Article
      Stock options
      99 10 BTRIKINO price* of the stock options officially Hated on the Stock Exchange of Singapore, the period*, bid and offer price* and business done yesterday with the number of options traded shown m brackets. C AND C (DEC $4.40) (1.508 LH6) HUME r B (DEC 11.55) (0.408 0 JOS)
      99 words
  • Article
    Unit trusts
    112 10 llil ptahMI) I LB IB ■d L# IB ■Ml IB l ifted mi LB LB rmd 1J7 LB Immm Baad MilAHMm kM» LB LU U FUND TWTT TVIWT (MMBgn'plHi krMI) ■riwhrMB) PMB'putrm iHHd B'putn rMrd B'patra Mk B'putn nnrprtn talk B'putn (A) Bfr» (A) IB LA UalUnmrm Mai
    112 words
  • Article
    SHARE INFORMATION SERVICE
    2440 10 tvn High Lm Cifny Last Sals +srQr's DK DK Cw Qr's ru Nat p/e Vel (•888) Day BIgfe Lot SECTIONONB INDUSTRIALS m 238 m 219 275 111 276 328 245 •ao 132 Ac ma 123* Alcom 112 Allied Choc 133 BAT 195* Bata 60* Ben 162 Berjaya
    2,440 words
  • Article
    In Kuala Lumpur
    1394 10 BID and offer prices officially luted and business In and reported to the Kuala Lumpur Stock Exchange yeeterdajr with the number of shares traded shown In brackeu in lou of 1,000 units unless othfcrwlee specified. MMMTSIAU ASM (IMB IBB). *ir i~ir (t.sBB) Atmm (IMB 1.0 M) (1)
    1,394 words
  • Article
    2-for-1 stock split
    77 10 KAISER Aluminum and Chemical Corp said its directors declared a two-far-one stock split in the form of a 100 per cent stock dividend. The directors also increased the quarterly dividend on the pre split ahare* to US SO cents a share from 40 cents. The cash dividend
    77 words
  • Article, Illustration
    Hong Leong shines in an erratic and quiet market
    513 10 ON 6 fa acraity gtoet aai enalte MMflßi Slagtptr* yMtorlty, ■•■g Leeag Flataee pm IkMM, wtth 6 Hw to galalag mbMlb Wmtlilhebto. STMpS? rSTy to tUiM Mm vahae mi Im Mi s Mtoni WihtoHeulipt i —ti.Jl'lrfrat to Htogifm PkiM (ST) at
    513 words
  • Article
    Profit-taking oil KLSE reverses an initial rise
    534 10 THE Kuala Lumpur stock market yesterday closed mixed to generally easier in quiet trading. An initial rise in prices after a barely steady opening was short-lived as profittaking emerged to reverse the trend. By noon close, marginal iw* were recorded on all fronts
    534 words
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  • COMPANY NEWS
    • Article, Illustration
      Ayer Hitam likely to use open-cast mining
      740 11  -  By PHILEMON SOON AYER Hitam Tin Dredging is likely to begin •open-cast mining on a sec.tion of its property in the •near future. Studies on mining by mining of the remaining deep virgin ground T»low the maximum depth attainable when the area was
      740 words
    • Article
      Gleanealy less vulnerable to extremes of profit swing
      378 11  -  By DAVID CHOW GLENEALY Plantations has maintained its profits run, -come good conditions or ''bad, as its latest prelimi--nary results for the financial year to June 30 indicate. The company has reportfed a robust 30.4 per cent increase in profit before tax
      378 words
    • Article
      Federal Cables expects to pay small dividend for 1977
      216 11 FEDERAL CaMes, Wires aad Metal Maaafaetariag Brrhad Informed the RLSE |hat it expects to pay a dl vide mi for 1 fit alter havlag passed payments riaee IVM. Ike forecast was made by the eempaay ia reply to the faery ea
      216 words
    • Article
      COMPANY MEETINGS
      177 11 KHONG Gui Ftev Milling Ltd: AGM to be held at 3rd Floor, UMBC Building,22, Malacca Street .Singapore at 12 noon on Oct 31. IflttniM «f Pail Mail (M) BM: AGM to be held at Virgina Park, Jalan University, Petaling Jaya, at 11.00 a.m. on Oct 31. Stigapart BuMlag
      177 words
    • Article
      DIVIDENDS ANNOUNCED
      453 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year M Breweries 18% Oct 18 Oct 23 Oct 28 26% 23% Jardine Loan 1st int Oct 16 Oct 21 Oct 31' Keck Seng 7*%TE Oct 10 Oct 20 Pet 31 7*% 15%
      453 words
    • Article
      SCRIP ISSUE
      186 11 Company Particular* Ex Date Books Cloae Carlsberg Bonus Issue of 1 for 2 Oct 18 Oct 28 Pub. Bank Bonus Issue of 1 for 4 Nov 6 Nov 16 Guinness Bonus Issue of I for 2 Oct 25 Nov 7 T. Cement Bonus Issue of 1 for 5
      186 words
    • Article, Illustration
      Earnings at Cold Storage melting under pressure
      652 11  -  By MANO SABNANI PROFITS at Cold Storage Holdings are slowly, but surely, melting away. For the first six months to July 31, 1978, the group's pre-tax earnings were hacked to only $8.77 million, nearly 15 per cent lower than the previous half's $10.29
      652 words
    • Article
      Registrar appointed
      88 11 HOTEL Negara Ltd., Overseas Union Enterprise Ltd. and Overseas Union Trust Ltd. have appointed Overseas Union Management Services Pte. Ltd. to be their share registrar from Nov 1, 1978 All communications on share transfers, certificates, and dividends and notices or enquiries concerning shareholders should from that date be
      88 words
    • Article
      Setron replies to SES on 1-for-4 bonus issues
      282 11 IN REPLY to a Stock Bkcktige ef Slagapafe fiery •ver Its pripmi righto aad tow tones, Setrea Limited nyi thit the heats hne will he capitalised e«t ef $SUM» trem the capital reearjc aad $1 JTli mllllea farm the retoiaed preflt. J
      282 words
    • Article
      Chemical Industries
      92 11 SUBSEQUENT to its company announcement dated Oct 3, Chemical Industries <F.E.) Ltd has informed the Singapore Stock Exchange of a change of its Annual General Meeting. This will now take place on Tuesday Oct 31 and not on Oct 30 which is a public holiday (Deepavali). Also the
      92 words
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      Page 11 Advertisements Column 1
      56 11 m.v. -VISHVA SANDESH" VOY: 27 'arrived 26th October, 1978 at P.S.A. Godown No«. 25/ 26. Generml Survey of damaged cargo ex the above vessel will be held on Wednesday Ist November. 1978, as from 900 a m to 500 p.m. No rurther survey will be held after this date Agents:R
      56 words
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      Page 11 Advertisements Column 2
      144 11 NOW in FONTAN Paperback HIS MAGNIFICENT BESTSELLER OFAGREAT HONG KONG FAMILSf ROBERT ELEGANT Sv i A /V "Power and poignancy descriptive brillance." THE SEKLOONGS are Hong Kong's merchant princes flamboyant, sensual, wily, unimaginably rich. Jonathan Sekloong has built a vast trading empire, renowned throughout the east. I But there are
      144 words
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  • Article, Illustration
    ASIAN $ MARKET LOSING STEAM
    739 12  - ASIAN MARKET LOSING STEAM ty SOH TIANG KENG GROWTH of the Asian dollar market has slowed down considerably in recent months. The market's peformance so far this year has fallen short of most bankers' earlier expectations After a steep Jump in the first quarter of this year, the market hit
    739 words
  • Article
    Lock icon Fraser's bid to soften mineral export curbs
    431 12 AFP. AN Australian government proposal to adopt tough new controls over the country's mineral exports, announced only on Tuesday, is now under threat of being completely modified. The announcement by the Deputy Prime Minister and Trade Minister, Mr Doug Anthony, has come under
    AFP.  -  431 words
  • Article
    LONDON STOCKS
    798 12 LONDON, Fri. Share prices eased today on continued investor uncertainty over UK government pay policy, dealers said, and at 3 p.m. the Financial Times index was down 2.9 at 481.5. Leading shares drifted a few pence but closed steady at the lower levels, with some light buying noted.
    798 words
  • Article
    Lock icon H.S.B.C. RAISES ITS PRIME
    171 12 AFP. THE HONGKONG and Shanghai Banking Corporation and the Chartered Bank in Hongkong have announced an increase in their best lending rate by 1 per cent to TV* per cent as from Monday. This follows a decision by the Hongkong Exchange Banks Association to raise deposit
    AFP.  -  171 words
  • Article
    Lock icon S.Africa pushing its gold in Far East
    177 12 AFP. SOUTH iMn l> ptaaalag a Mjar effort to beeat sales rfpUia toe FW But, piHtfi lariy Ha easlly-mar-ketoUe toWW (28 grams) kngmai eeto, the Beato Afrtaald to Lnta. The dfilp will be ru by Ha amrketSwT^'oSrpirt tlea, which wfll •pern a Far
    AFP.  -  177 words
  • Article
    Lock icon Sino- Japan ties won't affect trade with Asean
    401 12 Reuter THE ECONOMIC adviser to the Malaysian Prime Minister, Raja. Mohar bin Raja Badiozaman, said yesterday that the new Sino-Japanese relations will not affect Japan's trade with South-east Asia. Raja Mohar, who is also the chairman of the Malaysia-Japan Economic Association, told
    Reuter  -  401 words
  • Article
    Lock icon Hint of a united Opec in December
    172 12 UPI. SAUDI Arabia's Oil Minister Ahmed Zaki Yamani hinted that the Organisation of Petroleum Exporting Countries would have a united stand at its midDecember conference in Abu Dhabi to deal with oil prices and policy for 1979. Sheikh Yamani, who arrived in Caracas,
    UPI.  -  172 words
  • Article, Illustration
    Lock icon The dollar is small beer!
    50 12 UPI. HALF a litre sf Bavarian beer sells for 1.79 deatsehemarks, that Is exactly US$l, la Mustek's fans. The battered dellar sank ts a sew lew in Germaay sa Tharsday. Tfae Fraakfart carreacy exehaage Used the Mlar at midday at a medlaa I.7CM marks. UPI.
    UPI.  -  50 words
  • Article
    A blessing in disguise for Japanese
    218 12 THE YEN, having shot up more than 20 per cent in value against the US dollar in the past year, has held Japan's inflation at one of the world's lowest and most stable for 10 months in a row, the Japanese government reported yesterday.
    218 words
  • Article
    Amos Dawe is made a bankrupt
    259 12 AMOS William Dawe, 44, was declared a bankrupt by the Singapore High Court yesterday. Dawe, at the moment awaiting trial on fraud charges in San Francisco, was stated to be owing $1,077,919 to Wayfoong Mortgage and Finance (S) Ltd, the petitioning creditor, under a
    259 words
  • Article
    Still more action needed for dollar stability
    505 12 THE FOREIGN exchange markets' negative reaction to President Carter's antiinflation programme indicates that confidence in US economic policies is still lacking and more action on fundamentals is required if the dollar is to be stabilised. Morgan Guaranty Trust, in its World Financial Markets
    505 words
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      Page 12 Advertisements Column 1
      345 12 The LIFE Library Of Photography helps you to see W3i gre at picture II i The Life Übrary Of Photography Each volume measures 10'/«x 10 1 !i inches (26 x 26 cm). Hard cover, silver stamped black-cloth binding.24o pages Approximately 300 illustrations, many in lull colour. The following books are
      345 words