The Business Times, 4 November 1978

Microfilm: NL9922
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    9 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, NOVEMBER 4,1978 SOCENTS
    9 words
  • BRIEFLY...
    • Article
      Lock icon Dollar at peak
      89 1 Reuter UPI FRANKFURT, Fri.— The US dollar reached its highest level in more than three weeks when it was fixed at 1.8890 marks without intervention by West Germany's reserve bank(Bundesbank) here today, dealers said. The US currency was set at 1.8635 marks yesterday. Gold was mixed, opening
      Reuter; UPI  -  89 words
    • Article
      Bangladesh go-ahead
      98 1 THE Bangladesh government has approved the joint venture between two local firms, Acma and Setron, and the Bangladesh Steel and Engineering Corporation. RTS, quoting Bangladesh High Commisioner to Singapore Mr.Yusuf Hyder, said that the only point to be cleared now is the import duty on capital machinery. The
      98 words
    • Article
      Lock icon UK lending rates raised
      79 1 AFP LONDON, Fri.— All four main commercial banks in Britain have increased their basic lending rate from 10 to 11.5 per cent. Borrowing and overdrafts will now cost customers between 12.5 and 16.5 per cent. Barclays and Midland now give 9 instead of 7 per cent
      AFP  -  79 words
    • Article
      Lock icon Japanese GNP swells
      85 1 AFP TOKYO Fri Japan's per capita GNP(gross national product) .swelled to USS9,4OO(SS2O 600) w'SS? ,h€ level 38 the United States'' Fr^'« t0 y en s sharp appreciation. i 1 estimates put Japan's GNP in the third quarterof this year at an annual rate at 208 trillion to
      AFP  -  85 words
    • Article
      ILO hazard campaign
      54 1 GENEVA, Fri.— The International Labour Organisation today launched a global "occupational safety and health hazards alert system" to monitor dangerous substances. Under the system, the discovery of any toxic carcinogenic or otherwise dangerous substance to which workers are exposed will be passed on to then send out
      54 words
    • Article
      KL tax allowance
      31 1 KUALA LUMPUR, Fri.— The Income Tax (Amendment) Act tabled in Parliament today will allow a 25 per cent reinvestment allowance to resident companies during the year of assessment.
      31 words
    • Article
      Lock icon Dow Jones
      57 1 AP 2? e stock market declined slightly this morning as traders continued to take a cautious view of President Carter's package i?"? av T a 8 e of 30 industrials slipped 3.90 to 813.06 in the first half hour Declines outnumbered advances by a slight margin in the
      AP  -  57 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      119 1 Rises Most Active Berjaya Kawat 242 +24 P Eloci 211,000 O UE Supreme Corpn Public Bank 258 230 320 17 12 10 +9 M Credit S Darby 183.000 125.000 Apollo 265 H Par 100.000 SEAL 142 +9 olal Turnover: 2.50m CS«|«n 334 +6 Tolal Value: $5.58m Strait*
      119 words
    • Article, Illustration
      In Kuala Lumpur
      146 1 Rises Most Active Shangri-La 500 *118 M Par 151.000 Olenealv 182 —12 S Darby 90.000 CCM 550 10 M Credit 86.000 C Sugars 310 06 Kulim (M) 66.000 Falls Total Turnover: 1.65m Total Value: M$4.10m N li on 635 20 Indices I'AC Sel Nuts 324 328 16
      146 words
  • Article, Illustration
    Asean exerts a pull on Swedes
    703 1  -  I PERSTORP GROUP PROJECTS By RONNIE LIM SWEDEN'S Perstorp Group, the chemicals and plastics concern, is investigating the establishment of two manufacturing plants in Asean a chemical resin facility and a bonded product plant to cater to the regional market. The two proposed plants
    703 words
  • Article
    US not seeking TV talks with S'pore
    222 1 THE US government said yesterday that it had no plans at the moment to discuss with Singapore an orderly marketing arrangement limiting colour TV set exports to America. According to the US embassy here, this was the reply received by the embassy after
    222 words
  • Article
    Offer to Sinfin: Sands running out for UOB
    716 1  -  By ARTHUR NG THE UNITED Overseas Bank has only a few days left to ponder over whether it should raise its offer for Singapore Finance (Sinfin) in response to Hong Leong Finance's revised terms for the company. This is so as the
    716 words
  • Article
    Lock icon CITIBANK RATE UP
    63 1 AP CITIBANK, the second largest bank in the US. raised its prime rate yesterday by a half-percent-age point to 10.75 per cent, the first American commercial bank to do so. Most of the major US banks, responding to pressures from the Federal Reserve Board, raised their prime
    AP  -  63 words
  • Article
    Opic mission expects to bring in more business
    257 1 SEVERAL high-tec haal•gy liveitaMti are expected to be made followtag the visit af the Itmember Overseas Private tavestmeat Corporattoa miastoa from the I'sited States. The tavestmests will be ta areas which Stagapsre has avMly soeght machinery aad medical supplies and the predaetiea
    257 words
  • Article
    Jeans makers here watch outcome of legal battle
    430 1  -  By SIVA ARASU THE US Customs Services will contest the petition of an American manufacturer that blue jeans with certain fancy stitchings or decorations should be classified as ornamental trousers. The US Embassy here has received word that the matter is now
    430 words
  • Article
    Renminbi exchange
    45 1 THE People's Bank of China yesterday published the adjusted renminbi exchange rates after suspending the quotations for one day. The new rates, transmitted by the New China News Agency, quoted 1.361 renminbi for buying and 1.6443 renminbi for selling per one US dollar.
    45 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
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      30 words
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      Page 1 Advertisements Column 2
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      29 words
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      Page 1 Advertisements Column 3
      79 1 TETRA Ptk may Jot pick REBIRTH «f family pi&nniac ia Slagapare far its plant I MmmU HZZ. i MALAYSIAN I—4 wify to ISLAND B Peainsaiar profit Is whet lacal palates I aa the haase n BRIGHT prespeets far iatfastri- SIME's flve-palat letter to held•i machlaery maaafactarlag..... J ers JET race
      79 words
    • Advertisement
      Page 1 Advertisements Column 4
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      247 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Big Malaysian food firm comes south
      462 2 TONG Hlng, the largest food company is Em( Malaysia has extended its activities into Singapore through a subsidiary, Gardenia international (GI). Under GI, the company is setting up three food outlets a chicken rice restaurant, a bakery and an ice-cream parlour. The 12 million
      462 words
    • Article
      Chemical Bank to open office in Bangkok
      279 2 CHEMICAL Bank will open a representative office in Bangkok during the first quarter of 1979. The announcement was made by Richard K. LeBlond 11, vice-chairman of Chemical, who was in Bangkok visiting government and financial leaders. "This office is a logical extension of
      279 words
    • Article
      MINISTER TO OPEN ENEX SEMINAR
      141 2 THE Minister of State (Defence), Mr. Bernard Chen, will open the second International and Electronic Engineering Exhibition and Seminar, Enex-Asia *78, on Monday. More than 260 manufacturers and distributors from 18 countries will participate in this five-day event at the Hyatt Hotel. 4 The president
      141 words
    • Article
      Tetra Pak to set up $25m Asean factory
      499 2  -  By SIVA ARASU AN INTERNATIONAL Swedish packaging company, Tetra Pak, intends to set up a $25-million factory in Asean. Singapore may be chosen as the site since the company has its South-east Asia regional office here. However, the managing director of the
      499 words
    • Article
      Set up Asean's own fund for commodities call
      450 2 A SUGGESTION has been made that Asean should consider establishing its own comm6n fund for commodities like rubber, palm oil, coconut and forestry products Narongchai Akrasanee, a staff member of Thammasat University, said such a fund would assist Asean countries in improving
      450 words
    • Article
      Accountants to probe disclosure standards
      240 2 SINGAPORE accountants will examine current policies and standards of corporate disclosure at their sth national conference here next month. Senior Minister of State for Finance, Mr. Tan Eng Liang will open the two-day meeting at the Regional English Language Centre on Dec. 15. Corporate disclosure
      240 words
    • Article
      Tidal studies team due from Japan
      121 2 A TEAM of experts from the Japan International Cooperation Agency (JICA) is scheduled to arrive in Singapore today to carry out Joint tidal and current studies in the Straits of Malacca and Singapore. Indonesia. Japan, Malaysia and Singapore are conducting the studies on safety
      121 words
    • Article, Illustration
      TAKE YOUR PICK...
      58 2 THE balloting fsr Hstel Grand Central slum mi held yesterday at United Chase Merchant Bankers' csnference rssm. Pletare shsws Date Tan Chee Hse (left), chairman d Hstel Grand Central performing the halls ting. Lssking sn are Mr. Richard Ng Chse Kesng (centre), dtrectnr si UCMB and Mr.
      58 words
    • Article
      Lock icon Koreans going it alone on new refinery
      182 2 AP SOUTH KOREA'S Dongah business group plans to build an oil refinery with daily capacity of 150,000 to 200,000 barrels and without the participation of Western oil interests. A company spokesman said yesterday Dongah has signed a US$2OO,OOO (about *****.000) engineering contract with
      AP  -  182 words
    • Article
      MEMO PAD
      410 2 COURSES AND TALKS Oct 16-Dec 18 (every Monday): A detailed study of reinsurance and its role in the conduct of insurance business, SITC, SITC. Oct 25-Nov 17: Business law, SIM, SIM Oct 31-Nov 9: Introduction to organisation and methods, PSA, PSA Central Training School. Nov 2-14: Personnel guidelines
      410 words
    • Article
      Build around the 'Asean man' call
      393 3 MALAYSIAN Finance Minister Tengku Razaleigh Hamzah has called on Asean countries to foster greater solidarity and collective resilience on the basis of the welfare of the "Asean man" rather than the state. This would lead to the development of a "truly effective economic and
      393 words
    • Article
      Asian trade centre space, anyone?
      209 3 GAMMON Properties Limited will send marketing teams to Malaysia and other Asian countries soon to promote the sale of space at the Asian trade centre to be developed in Oakland, California. The project, known as Hong Kong/USA, will promote the sale of goods and services
      209 words
    • Article, Illustration
      LET NOT THE LAMBS BLEAT TO DEATH
      538 3 ABOUT one-quarter of the 50 million lambs born in Australia every year die during birth or within their first week a major problem for the sheep industry in Australia and elsewhere. This problem is the particular concern of Mr Kevin Haughey, an Australian
      538 words
    • Article
      Brandt due
      42 3 FORMER West German Chancellor Willy Brandt will visit Singapore later this month after attending a meeting in Kuala Lumpur. Mr. Brandt will chair a meeting of the Independent Commission on International Development Issues to be held in the Malaysian capital.
      42 words
    • Article
      Lock icon HK gold imports
      112 3 Reuter HONGKONG gaM imparts fell 15.7 per eeat la the lint eight meaths this year to 18,525 kg tram 2SJBB kg la the same I«TJ pertod, Ceasas aad Statutes Departmeat flgares shaw. Hawever, the valae at gaM imparts betweea Jaaaary aad Aagast this year raae lIS per
      Reuter  -  112 words
    • Article, Illustration
      THAT SPACIOUS FEELING
      116 3 AK NEW Zealand's drat DClt with upgraded first-class mHi is aew eperatieaal. Before take-ell, (light hesteeees Ngahi Paraemaan (left) and Gaye Durfird try eat the alterations ia the (ITst-class leaage. The aircraft is the first sf the airilae's fleet ef eight wMe-eabia Jets te change (ram 24
      116 words
    • Article
      Tills at Canton fair ringing incessantly
      434 3 WITH Canton's Autumn Trade Fair at the half-way stage, officials are optimistic that this showcase of China's exports may beat all previous sales records. Exports are vital to finance the country's ambitious modernisation plans and the fair's secretary, Liao Hsun-chen, said: "We will try
      434 words
    • Article
      Marketing Shell products
      215 3 THE Royal Dutch Shell Group has established a joint venture company Tiram Kimia Sdn. Bhd to handle the marketing of Shell chemicals and consumer products in Malaysia. The company commenced operations on Wednesday. It took over marketing activities previously conducted by Shell Malaysia Ltd. in Peninsular Malaysia
      215 words
    • Article
      Greater growth planned for machinery firms
      665 3  -  STRONG ASEAN MARKET By JOHN LIM SINGAPORE'S industrial machinery manufacturing industry will continue to grow and be actively promoted. This is because of the strong demand that will be created as Asean accelerates its industrialisation programmes. Bearing this optimistic forecast yesterday was the Minister-in-charge
      665 words
    • Article
      Hanover lauds KL credit standing
      132 3 THE chairman of Manufacturers Hanover Trust said in Kuala Lumpur that Malaysia is one of Asia's strongest commercial centres. Even with a tightening of credit conditions before the end of the year, Malaysian borrowers should not have problems getting money from financial markets. Mr. Hauge
      132 words
    • Article
      Lock icon World grain outlook improves says USDA
      450 3 Reuter THE US Agriculture Department said favourable weather in the last month calls for a higher estimate for 1978/79 rice output to 377.8 million tonnes, up from the 375.9 million tonnes projected last month and above the 366.3 million tonnes estimated for last year.
      Reuter  -  450 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      188 2 M HOTEL GRAND CENTRAL LIMITED Issue of 2,500,000 Ordinary Shares of Ssl.oo each at S$ 1.00 per share Hotel Grand Central Limited is pleased to announce that at the close of the Application List at 12 noon, 2nd November 1978, applications for 106,379,000 shares were received in respect of 2,250,000
      188 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      610 2 -IH-OHE CBOSSVOBD CRYPTIC PUZZLE ACROSS 1 Move to back the favourites (4) 4 Not the close of play (3, 3) 8 War-time fish? (3) 10 What a pity a girl's cut short (4) 13 Tender feeling (8) 14 Structure with no top on (7) 15 Run a car on a
      610 words
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      113 3 The Bank for Everyone is now atAngMoKio. OUB recognises the need for a convenient yet efficient neighbourhood bank. The Ang Mo Kio Branch is now open to offer you the same comprehensive range of banking services and facilities common to all the other 26 OUB branches in Singapore. Our staff
      113 words
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  • RAW MATERIALS
    • Article
      LOCAL FOREIGN RUBBER
      393 4 THE SINGAPORE rubber market yesterday closed slightly lower with Nov I RSS buyers quoted at 260.00 cents per kilo, down 0.75 cent from Thursday's close, dealers said. Morning prices were marked down slightly on lower London advices and speculative selling. But prices recovered slightly on upcountry buying
      393 words
    • Article
      RAS PRICES
      416 4 prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers lot 1 R.S.S. prompt f o b 257.50 258 50N 257.25 258.25N Int. 1 R.S.S. November 260 25 260.75. 260 00 260.50 Int 1 R S.S. December 264.50 265 00 264 25
      416 words
    • Article
      SSR and SMR
      100 4 NOON SSR and SMR prices yesterday HAN (Cwreat Mtk) (ParwaH Mtk) Bayc fcperkf) ftayere ScUcn SSR 20 (1-ion pallet) (real (<*i •to per kg) 242 00 244.00N 244 50 246 50N SSR 50 (1-ton pallet) ***** 242.00N 242.50 244.50N MKKLB SMR SCV (1-ton pallet > 272.00 274.00N
      100 words
    • Article
      Palm oil
      76 4 C.I.F. North European ports, in US dollars per ton unless otherwise stated LONDON: Malaysian 5% ffa bulk per tonne Thursday Previous January unch 620slr Sumatra 5% (fa bulk November 63Sslr/ December 630pd 660 650pd 632'. 630 January 632 pa 660 650pd 630slr 640 625pd February unch 620 625pd
      76 words
    • Article
      Closing prices
      30 4 Rubber: Nov 3 Singapore: November: 260 cents, (down 0.75 cent) Malaysia November: 261.75 cents (down 1.00 cent) Tin: M 52,081 (unch) Official offering: 227 tctnnes (down 84 tonnes)
      30 words
    • Article
      Rice
      188 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne F. 0.8. basis Bangkok) WMle rice: 100 pet Ist class 360, IPO pet 2nd class 345. 100 pet 3rd class 3». 5 pel 333. 10 pet 310. 15 pet •«5. 20 pet 300. 25 pet 296.
      188 words
    • Article
      Aluminium
      30 4 ALUMINIUM finished £1 per tonne lower for Three Months in London yesterday. This metal was quietly traded with modest endweek profit-taking absorbed by fresh buying. Turnover was 525 tonnes.
      30 words
    • Article
      Produce exchange
      353 4 PRODUCE dealers in Singapore yesterday remained generally idle and prices moved sideways. Currency considerations made it well nigh impossible to trade without assuming the risks of currency fluctuations. Most of them would rather hold their stocks off the market than trade at this time when the behaviour of
      353 words
    • Article
      Hongkong Comex
      186 4 THE SUGAR futures market yesterday closed firmer in quiet trading, with 23 lots traded against four on Thursday, dealers said. March and July were the only months traded, rising 0.16 and 0.10 US cents respectively. The day's daily spot sugar price rose 0.10 to 8.85 cents. The cotton
      186 words
    • Article
      SPOT PRICES
      187 4 YARN and cotton in Hongkong dollars. spot ex-godown: Cattaa yam: China Blur Phoenix 20s 2.110; 32s 2,710; Mb 2.910 (per bale of 400 It*). Pleee gaa4s: China Butterfly and Globe brand unq. Dragon Head unq; Five Lambs unq; Flower and Butterfly unq; Flying Geese unq (per piece X
      187 words
    • Article
      Coffee
      163 4 ROBUSTA futures ended the morning in London yesterday narrowly mixed, £7 down to £2 up from Thursday night in sales of 962 lots which included around 300 lots of cross trades. No options were traded this morning. On Thursday, robusta futures closed with losses of between £16 to £6
      163 words
    • Article
      Sugar
      170 4 TERMINAL raw sugar finished the morning £0.60 per tonne down in near Dec to £0.10 up in London yesterday. Traders said a feature of an otherwise dull morning was the liquidation of near Dec and the resultant widening of the Dec near March switch. Turnover totalled 1,328 lots including
      170 words
    • Article
      Wheat
      64 4 WHEAT futures crept a fraction higher in quiet midsession trade in Chicago on Thursday. Wheat futures closed US 1-3/4 to 2-3/4 cents a bushel higher after trading quietly most of the session. Traders said there was very little feature. Locals were mostly buyers and commercials were on the sidelines.
      64 words
    • Article
      Straits tin
      236 4 THE Straits tin price in Penang yesterday stood unchanged at M 52,081, still $381 above the international tin agreement ceiling, dealers said. The market did not follow London's rise on Thursday night because of a larger tin metal contribution by miners. Trading continued active with total turnover increasing
      236 words
    • Article
      Lead
      57 4 LEAD ended the morning ring £1.75 per tonne down for cash and £0.50 up for Three Months in London yesterday. Values opened steady on the pre-market in line witk copper and following Thursday night's late kerb rally, with Three Months trading at L 320 per tonne before profit-taking took
      57 words
    • Article
      Zinc
      47 4 ZINC finished the morning ring £1.50 down for cash and £2 per tonne lower for Three Months in London yesterday. The market continued to lack feature with outside demand quiet, and prices fluctuated narrowly partly reflecting movements in copper and lead. Ring sales were 1,050 tonnes.
      47 words
    • Article
      Cocoa
      202 4 COCOA futures drifted lower in light morning trading in London yesterday, to close below Thursday night by £11.50 to £2. The opening call produced marginal losses in most positions after near December had traded £4.50 up against New York at £1,971 a tonne. Turnover totalled 1,478 lots but this
      202 words
    • Article
      Soybean
      195 4 SOYBEAN futures in Chicago ended a volatile session on Thursday with gains of US 8-14 to 5-1/4 cents a bushel. Gains accelerated with about 90 minutes left when a surge in meal futures led to heavy commission house and local buying. Profit-tak-ing and commercial selling provided resistance on upward
      195 words
    • Article
      Currency gyrations govern sentiment
      290 4 THE recent market steadiness was consolidated during the shortened trading week as prices gained a further 6'.- cents on balance, and eight cents at best, to attain highs last seen during the 1973 boom, although in vastly difficult circumstances. says Hatfday, Caller, aai Balk in its
      290 words
    • Article
      Copper
      201 4 LONDON copper wirebars finished with gains of around £2 per tonne for cash and £15 for three months yesterday. Wirebar turnover of 14,150 tonnes was mainly carries. Cathodes were £2 and £1.50 up in quiet trading of 400 tonnes. Wirebars hardened on the kerb influenced by a further easing
      201 words
    • Article
      Gold
      440 4 THE KILOBAR in Singapore opened at 5515.609 yesterday and closed lower at $15,506. Spot gold for London delivery opened at U*****.00 222.00 and closed at U*****.80 221.30. Searee Stagmaa. The London morning gold fix was U*****.65, down $18.35 from the previous fix. Retail prices per tael quoted by the
      440 words
    • Article
      Silver
      238 4 IN London yesterday, silver showed losses of 3.4 pence per troy ounce for cash and 3.7 pence for three months. Traders reported liquidation prompted by the decline in gold, with some fresh selling around the 300 pence level helping to push prices lower. Trading was moderately active at 92
      238 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        428 4 THE US dollar rallied against the Deustchemark on foreign exchange markets yesterday after London opened. Morning trading in the US dollar was quiet for the most part with the Tokyo market closed, but London changed that when traders got into the market to cover short positions in the
        428 words
      • Article
        Asian $ rates
        186 4 Asian rates ASIAN currency deposit interbank rates as at close on Nov 3: 7days 1 month 2 months 3 months 6 months 9 months 12 months US D*Uar*<8ao«l CXT*r Bid 10 10 111/16 101V16 11 5/16 113/10 11'.- 11'. 11 11 11". 11'. 11.. 11*. 1 month 3 months 6
        186 words
      • Article
        Zurich
        43 4 ZURICH exchanges closing quotes on Thursday: US 1.*****MO Stg 3.1728-1859 Can 1.3667-3726 Dmk 85 4701-8748 Dfl 79.0514-4554 FTr 37.2743-4781 Bfr 5.4459-4722 Dkr 30.8880-31.0445 Nkr 32.1414-2743 Skr 36.9302-37.1098 Lit 0.1928-1936 A us sch 11.7045-7496 Port 3.4585-5470 Spain 2.2504-2622 Arg 0.17-27 Yen 0 8506-8546
        43 words
      • Article
        Discount
        51 4 Kangr of prior* offered by Overnight 1 to 3 Call deposits 3 to 3 Claaiac Bayjaf Sclliaf 3 month Treasury bills 3 13/16 3 11/16 3 month Bank bills 6 13/16 6 11/16 3 month CO 7 7 6 month CD 7 5/16 7 3/16 Source: National Discount Co
        51 words
      • Article
        MLR
        21 4 THE average rale at which Singapore banks are currently prepared to lend to their best customers is 7.5 per cent.
        21 words
      • Article
        Australia/NZ
        47 4 AUSTRALIA, NZ exchanges quotes yesterday: US 1.1583 ***** Stirling 0.5801 0.5725. Ninety-day air mail buying rates: Sterling 0.6013 1 1965 Ninety-day forward buying rates: Sterling 0.5843 1.1612 NEW ZEALAND: Sterling 0.5342 0.5314 US dollar 1 0752 1.0652 Ninety-day airmail buying rates: Sterling 0.5542 US dollar 1.1107
        47 words
      • Article
        New York
        294 4 THE dollar in New York closed steady on Thursday, at or near its highest levels of the day, but slightly below Wednesday's strong close in moderate activity, dealers said. The belief was increasing that the new economic policy was leading to a fundamental shift in sentiment surrounding the
        294 words
      • Article
        Hongkong
        255 4 THE US dollar was steady at its lower early levels in Hongkong yesterday, compared with US closing rates in thin late trading with the Tokyo market closed, dealers said. They said the dollar eased from California's closing levels largely on Far Eastern commercial demand for yen and marks, and
        255 words
      • Article
        London
        191 4 THE dollar continued to firm, particuarly against the mark, in early dealings in London yesterday in the face of some heavy commercial orders from Germany, dealers said. The dollar reached 1.8970 90 marks before easing to 1.8930 50 compared with an opening 1.8745 60. Dealers said there were no
        191 words
      • Article
        Tokyo
        12 4 The Tokyo market was closed yesterday for the Culture Day holiday.
        12 words
      • Article
        Treasury Bills
        50 4 Results of tender held on Nov 3 for 91-day Treasury bills to be issued from Nov 6 to Nov 10: Offered: $50,000,000 Applied for: $85,400,000 Allotted: $50,000,000 Accepted bids: $99.04 approximately 44 per cent higher bids in full Average rate of discount on allotment: 3.810 per cent P-a
        50 words
      • Article
        Frankfurt
        55 4 Frankfurt exchanges closing quotes on Nov 2: t'S I.K730 1K760 Cam 1 bOOO 40 Sir 3 706 25 tXhfJ 41 6t Sfr 116 CO 117 10 I.il 2.2* 2HI Mr 43 40 MO 1*1* 06 30 Mil 37 35 50 lUi <im 6 JNO 400 lift fin t lKT
        55 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      149 4 Ml Total Poker is a book for winners: it's as good as having four aces and another up your sleeve. David Spanier clearly analyses modern play and modern players, with an in-depth examination of the tactics, techniques, bluffs and skills necessary for success at poker. The book gives a brilliant
      149 words
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      Page 4 Advertisements Column 2
      30 4 THE OCBC trade-weighted index far the Singapore dollar yesterday rone 1M per eeat to MM. The Index Is ealealated 'g* 1 tw eureaelee of Mnga port's top it trading par*.
      30 words
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  • OVERSEAS
    • Article
      Lock icon Tories want UK in the EMS
      539 5 AFP Reuter A GROUP of opposition Conservative Members of Parliament has submitted a motion in the House of Commons demanding that Britain should join the proposed new European Monetary System (EMS). The motion stressed that creation of an EMS could increase the Continent's prosperity
      AFP; Reuter  -  539 words
    • Article
      Lock icon Bribery charges against ITT
      151 5 AP THE US government is accusing International Telephone and Telegraph Corporation of paying millions of dollars in bribes abroad and is demanding fines of US$lOO,OOO (about *****,000) a day until the firm surrenders subpoenaed documents. The complaint is made by the Securities and Exchange Commission. It
      AP  -  151 words
    • Article, Illustration
      Lock icon Control wages not prices, Healey is told
      241 5 Reuter BRITISH employers told Mr. Denis Healey that wages rather than prices must be controlled. A delegation from the Confederation of British Industry met the Chancellor of the Exchequer and told him that in the present economic situation, UK firms are not making
      Reuter  -  241 words
    • Article, Illustration
      SHIPS IN PORT
      353 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Astra Peak (after Bunga Rava 1 T.l U Bunga Raya(i)(0600) 13 14. Bunga Raya(ii) (Shifts on completion of P O-after Bunga Seroja) 23. Capetan Marcos (after Lloyd Bakke) 1 2. Dolly Skou (after Nedlloyd Marne) 3 4. Iweri (0700 24. King Luck
      353 words
    • Article
      Lock icon Firms may have a freer hand in forecasting
      617 5 Washington Start Reuter A FEDERAL proposal in Washington to protect corporate management from the threat of prosecution for financial and growth projections that do not come true may lead to new and better insights for the investing public. The US Securities and
      Washington Start Reuter  -  617 words
    • Article
      Lock icon The price for licking US inflation—BOA
      528 5 The price for licking US inflation —BOA UPI AMERICANS can whip inflation but at a price. Over the short term, they must submit to slower economic growth and higher costs. Over the long term, said Bank of America president A.W. Clausen, the US government, via Congress, "the largest creator of
      UPI  -  528 words
    • Article
      No relief in US interest rate pressure
      221 5 THE record drop in US narrowly defined money supply reported on Thursday is not likely to relieve the upward pressure on interest rates, analysts said. The New York Fed reported M-l fell US$5.4 billion(S$11.8) in the week ended Oct 25. This followed a
      221 words
    • WORLD IN BRIEF
      • Article
        Lock icon 'SPEED UP TV CUTBACKS'
        531 5 Agencies THE Committee to Preserve American Colour Television (Compact) yesterday asked the US government to speed up negotiations with Taiwan and South Korea to sharply cutback their colour television shipments to America. These two countries undermine the orderly marketing agreement concluded between the US and Japan,
        Agencies  -  531 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      787 5 ARRIVALS Service Local Operator Number Time From MAS MH601 0700 KUL MAS MH682 0725 KCH SLA SQ101 0815 KUL MAS MH621 0810 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN KUL CAL CI806 1000 HLP CPA CX710 1006 HLP RBA BI323 1030 BWN GIA GA980 1030
      787 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      232 5 UNISEX ENEX-ASIA'7B SOI iI H t \S I \sl J\|> Hit \\l AI IMI K\\||ll\ ELECTRICAL AND ELECTRONIC ENGINEERING EXHIBITION 4 CONFERENCE t, It) M)V t \IBI K i < S H N I I Hi) I t I < I Sll()\ t I k I THE EXHIBITION Over $15
      232 words
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  • Article
    Confound it! What is Carter up to?
    389 6 RUMOUR has it that President Carter, in a moment of despair, asked Treasury Secretary Blumenthal what might be done to ensure his re-election in 1960. Raise the Fed lending rate by 2 per cent, the Treasury Secretary said. Mr Carter, not satisfied with
    389 words
  • Article
    Week to remember for forex dealers
    271 6 FOREX dealers as a group may seem rather like a herd of sheep to those who occupy safe offices, and who are far from the battle cries of those fighting tooth and nail to buy their last dollar at yesterday's rate. After all, they
    271 words
  • Article, Illustration
    Lock icon All set for the jet race of the century
    2265 6  -  The world's airlines, backed by a surging tourist industry, are poised to plunge into a multi-billion dollar spending spree in the 1980s. And a major battle among the world's major aircraft manufacturers, to grab a piece of the action, is brewing...
    FT  -  2,265 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      207 6 iLa V, 4.,, **:?-v -w?-■/- v*;-, ishmb wmmSr, jmnds^o, ;> No dinner is complete without a White Label' Aa<xh«r qvahtj product froa I SSii r o- 'O 'Future Generation' Hotel Royalß AMADA Newton Road, Singapore 11, Republic of Singapore Telephone: *****1, Telex RS-***** Cables: HOTELROYAi *8 I Just don t
      207 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      64 6 |WEAT:HERI OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in late morning. Report for 24 hoars prior to 7.3t p.m. on Nov 3 at the airport: Maximum temperature 27.8 C Associated humidity 86 Minimum temperature 24.4 C Associated humidity 97 Hours of sunshine Nil Rainfall in millimetres
      64 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      284 6 SINGAPORE 5 PM Opening announcements followed by Sesame Street* Saturday Matinee All At Sea Starring: Alec Gumess, Irene Browne Classic Keystone Comedy Capers It's A Knockout* Sandiwara A Malay drama entitled 'Nekat' with English subtitles (Repeat) Little House On The Prairie Be My Friend (Last Episode)* News in Brief* Capriccio
      284 words
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  • Article, Illustration
    Indonesians learn to accept the birth of family planning
    882 7  -  better never than late By SOEHARJONO THE AUTHORITIES in Jakarta now claim modest success in promoting birth control and family planning in Indonesia, the world's fifth most populous country. They do not expect any significant statistics until well into the *****.
    882 words
  • Article
    Lock icon Carter's Commission officers still in command
    410 7  -  By JUAN WALTE UPI FIVE YEARS ago a group of nearly 100 prominent Americans, Western Europeans and Japanese organised a foreign policy-oriented group seeking to establish a "more equitable world order." Today, 19 of the 44 American members of the group are deciding US
    UPI  -  410 words
  • Article
    POLICY STATEMENT
    244 7  -  Letter to the Editor JEFFREY LOW 2C, Tamaa Mm Merah, Singapore 5 AS A READER tf Basiaess Times aad a life iasaraaee ageat, I am disgusted with yoar uprofesstoaal aad aaethlcal iitbnrst against lasaraaee agents la your editorial dated Oct 28. Any sensible persm wba has read that
    244 words
  • Article
    STRAWS IN THE WIND
    349 7 FOOD FOR THOUGHT: Mr. J.S. Booton, whose threeyear contracts with Sime Darby Holdings and Sime Darby Far East expire next May, and who is the lone figure within Sime Darby to defend long-standing auditors Turquand Youngs against the Sime proposal to switch to Price Waterhouse, was
    349 words
  • Article
    Lock icon Technology that has strings attached
    799 7  -  FOKUM. ...on technology transfer k 4 By BRIJ KHINDARIA OFNS A CONFRONTATION that could further sour the North-South dialogue is the likely result of talks taking place in Geneva (until Nov 10) between industrialised and developing countries. The confrontation may, however, not be unwelcome to
    OFNS  -  799 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      314 7 New Japanese Restaurant KIKU^| serving authentic Japanese food ,-v J r Ir|)fXHl\lkkl 1(17If KIM skishimi *suki\,iki *sl\ilxjsh t iix] KIKU l/11/ll JAPANESE fVllVtl RESTAURANT OPCHIDINN Te 1 *****2 <. 1-l Dunearp Roacl Singapore 1 1 'A Vr You 11 team bke royalty at tV Rang Mahal. Palace of Colour*. On
      314 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      79 7 THBT JONCS rrpKgs me S»OC uiwtLe FUDGE. *S POJFW joNes HRS S€£N mpoe TferoFfcU2Pk(2N/ HGAD Of BOEING woDoesNa Me lovelT STRUTTING PtfOUND 11 UXG. Twe LORD OP e rnpiMOß bnd S throumg OUT ordcrs terr. right P>ND ceNT^e... -TDfeTHpcr SPCGe, UFT THPCT BftLe.'C/ETRA »T S ONLN NPTTORRL, I SuR>OSC e>UT
      79 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon SUBDUED TRADING
      458 8 HONGKONG Source: SHK Sec Ltd PRICES fell in subdued turnover yesterday as investors adopted a cautious attitude ahead of China Light's final figures and a possible and sizeable rights issue. The results were delayed a little and buyers were certainly not agressive in the afternoon session. The leaders
      Source: SHK Sec Ltd  -  458 words
    • Article
      Sydney
      303 8 RESOURCES Stocks yesterday attracted most Interest In generally firm quiet trading. BHP closed six cents up at A 58.26 and selected coal stocks also rose, with White Industries eight cents higher at $4.90. Most uraniums rose, despite Ahe lack of any statement from the Northern Land Council, which ended
      303 words
    • Article
      Manila
      107 8 NOV 03 Pesos Acoje Mining 01 unch Atlas Con A Atlas Con. B 20 10 -0.3 Baguio Gold 012 -0 0005 Benguel Con B 32 25 -1 75 BF Goodrich 24 50 -0 5 CIK'P 28.25 -025 Inm B Landoil 0175 0 002 I.ep;into B 2650 -0 005 Marinduque
      107 words
    • Article
      Bangkok
      106 8 No* Baht Bangkok Bank ...390 -2 Bank of Ayudhaya Ltd 296 -4 Bangkok Metropolitan Bank unq Thai Commercial Bank 854 That Danu Bank unq Thai farmers Bunk 364 -2 Industrial Finance Corp 2.615 UNCH Bangkok Investment 376 +6 First Trust 636 18 General Finance 448 Lee Kwang Ming Trust
      106 words
    • Article
      Tokyo
      12 8 The Tokyo market was closed yesterday for the Culture Day holiday.
      12 words
    • Article
      Toronto
      189 8 NOV 02 CS Ablttbl US Alcan 38*. -1* Algoma 2SS Bank Mont 23** Bank Nova Scotia Bell Tel «0'» Beth Corp BP Can Ltd 18'-. Brascan 18*. C amp Red Lake 37 4* Can Imp Bk 28% Canpac 22*4 Canpac Inv Pf 16B CarlmgO'Keefe 4* unch Cominco 33S Cons
      189 words
    • Article
      Investors having second thoughts
      1177 8 NEW YORK STOCKS pulled back on Thursday In heavy trading as investors began to reappraise the longterm impact of tough US dollar support measures announced on Wednesday Those measures were intially well received and fuelled the biggest one-day rise In stock prices ever. But analysts said
      1,177 words
    • Article
      Selected Indices
      69 8 FINANCIAL TIMES INDUSTRIALS Thursday 472.4 Wednesday 479.2 Week Ago 484 4 DOW JONES AVERAGE INDUSTRIALS Thursday 816 96 Wednesday 827 79 Week ago 821.12 LONDON DOLLAR PREMIUM Thursday 78 to 78 1/2 WednesdayBO to 80 1/2 H.K.HANG SENG Friday 657.35 Thursday 668.35 Week ago 673.31 SYDNEY INDUSTRIALS Friday
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    • Article
      Strong sentiment
      647 8 EUROPEAN MARKETS FRANKFURT share prices on Thursday firmed In relatively Jl*ely trading in the wake of the US package of measures to support the dollar and lu recovery on foreign exchange markets, bourse sources said. Oalns averaging around five marks were recorded, while in engineerings Man rose 7.50
      647 words
    • Article
      Frankfurt
      228 8 NOV (2 Dm Aef-Telefunfcen S3 SO +2 5 Akzo 27 30 It Allz Leben 785 -5 Allz Vers 492 ♦2.5 BASF 137 ♦J Bay H T Wbank 321B Bay V ban It 324 10 1 4-10 S Bayer 140 80 ♦2.2 BBC 316 3 5 BMW 225 SO 2.6
      228 words
    • Article
      Paris
      284 8 NOV *2 Frs CORBEILLE Air Uquide BS N Gervats Danone C S F (ThomsonCsf) Cle Francalae des Petroles Compagnle Flnanclere Comp*fn» General* Credit Fonder De France Hachette (Libralrle) Machines Bull Michelln(B) Pan has Pechlney Cl(lne Kuhlmann Peugeot Philips (Nv Gem Beat) PrlntempsS A Rhone- Poulence SA Royal Dutch Suez*
      284 words
    • Article
      Amsterdam
      223 8 nov at FU 4-/-ABN 365 SO +5 Ahold 111.50 ♦5.3 Akto 28 70 2 AMEV n oo Amfas 110 00 +4.5 Am rot Bank 76 40 2.1 Beryou 57 00 1 Berk 81 00 3.3 Bol» 70 50 1.8 Borsumij 155 00 8 Burhmann 71 80 3 8 Byenkorf
      223 words
    • Article
      Zurich
      189 8 nov n Franca Actions Sulaes 263 4-3 Aliuuliae Br 1000 30 Alusuiatf Reg .441 3 Brown Bovrri Br ISIS 30 Clb» Ovlcy Br MO SO Cite Odor PC 735 45 Ob* Oetgy Reg 572 4 Credit Suisse Br 2150 ♦30 Cradit Suisse Reg 417 ♦7 Elektrowatt Br 1785 10
      189 words
    • Article
      CHICAGO BOARD OPTIONS
      1776 8 Nov 2 CHICAGO Board options exchange vc >lum< eased to 196,035 contracts on Friday fron 213,621 on Thursday. OPTION JAN APL JLY 8TOCJ Alcoa 40 81/2 NOL 4ft 7/8 Alcoa 45 4i/a UNTRD 4ft 7/8 Alcoa 30 I7/B 3 UNTRD 1 4ft 7/8 Alcoa 60 UNTRD UNTRD
      1,776 words
    • Article
      Brussels
      79 8 NOV K FT* FORWARD market Acer Arbed Astur Bruc&n Bru-Lamb Canpac Cock 412 Or Beers 186 *1 Ebes 2320 6BM 36 Electro bel 20 Ob-lnno-Bm 2435 14 Gev 1320 10 Hobo It 2850 IS Petro 3315 70 Ryl Dutch 1835 10 Sidro 648 10 Soc Oen Bel« 2010 Sofln*
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    • Article
      Milan
      99 8 NOV 02 Lire Anlr -;«.75 A«oc G*n ***** Baslogl 541 -13 Ontrale 4610 -180 Hat 2874 -31 Fimider 170 -2.75 G«-n Immob 78 -2 i IFlPrl 2490 -28 Italrem*nll ***** -530 1 taigas 748 50 *3* ItaKider 377 -8 MaRnrtl M PI 483 urtcn Marrlll Err 258 -8 5
      99 words
    • Article
      Johannesburg
      381 8 GOLD shares continued easier in quiet trade reflecting the lower bullion price trend following US dollar protection measures, dealers said on Thursday. Losses of up to 350 cents were seen In heavy-weights. Mining flnanrials were easier where traded in sympathy wtth producers De Beers lost 15 cents to 785.
      381 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      315 8 For the sports Enthusiast HOW TO PLAY SQUASH In this book, James Medlycott describes how squash is played: the rules, the court it is played on, and the scoring. He advises on the purchase of clothing and equipment, how to choose your racket. Many photographs help to show how the
      315 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Chrysler suffers its worst loss ever
      793 9 N. AMERICAN L J NYT CHRYSLER Corporation the financially troubled third largest car maker in the United States has reported a third-quarter loss U*****.5 million, the .worst for any quarter in the Company's history. ""'Chrysler slashed its quarterly dividend to 10 cents a share
      NYT  -  793 words
    • Article
      HILL AND KNOWLTON RECORD
      114 9 HILL and Knowlton Inc, international public relations/public affairs firm, has announced record billings of U5522.5 million for the fiscal year ended June 30, 1978. That is an increase of more than 12 per cent over 1977. According to Mr William A. Durbin, chairman, who made the
      114 words
    • Article
      Lock icon Asarco may cut capital funds
      210 9 Reuter ARSARCO Inc expects 1978 year capital expenditures of US$B4 million, compiled with an average of $116 million annually over the past five years, chairman Charles Barber told analysts. Barber said 1979 capital expenditures would be close to the amount of funds Asarco had available
      Reuter  -  210 words
    • Article
      Lock icon Stauffer lower
      177 9 Reuter STAUFFER Chemical Company posted a decline in its third quarter profit, due mainly to foreign currency exchange losses and an explosion at its Chicago Heights. Illinois, plant in August. The company said its profit for the period was US$l6.5 million, or 75 cents a share, down from
      Reuter  -  177 words
    • Article
      Newmont copper prices
      72 9 NEWMONT Mining Corp said its Magmacopper Co unit has increased the price for electrolytic copper full plate cathode to 72 cents lb from 70 cents. Nissan USA, maker of the Datsun, said it raised prices an average of 7.9 pet, or $380, on 1979 cars and trucks
      72 words
    • Article
      Commerzbank buys GKN's Sachs stake
      451 9 EUROPEAN COMMERZBANK, West Germany's third largest cohimercial bank, confirmed' that it is buying Guest, Keen and Nettlefold's stake in! the Sachs engineering group. It is not, however, planning to retain all the equity it has acquired, and plans to introduce Sachs shares to West German
      451 words
    • Article
      Lock icon Lafarge third in UK
      135 9 AFP t LAFARGE Organisation Ltd.,the British subsidiary of France's Ciment Lafarge, is* the third most profitable company in Britain after the ftayboy Club (casinos) and Tampax (sanitary products), an annual published this week showed. The annual of the 1,000 leading foreign companies in Britain, published by
      AFP  -  135 words
    • Article
      NEB
      40 9 BRITAIN'S State industrial holding company, the National Enterprise Board, acceptances have been ivreived for about 96.6 per d»*U of the 2.7 million new aviinary stock units of Feritoiti Ltd. offered for sale by the NEB at lOlp a share.
      40 words
    • Article
      Swiss Bank unhappy
      258 9 TWO of Switzerland's three major commercial banks produced figures showing the corrosive effect of the Swiss franc's strength on their ffinancial position in the third quarter. Swiss Bank Corporation suffered a decline of SwFr 540 million in its assets to SwFr 57.7bi11i0n during the three months, citing
      258 words
    • Article
      Lock icon Businessmen are optimistic
      171 9 Reuter A GREATER degree of optimism prevailed in West German business circles in September and the optimistic trend is likely to continue in coming months, the IFO Economic Research Institute said. IFO said its industrial survey conducted in Septembershowed an upward trend in the German manufacturing industry
      Reuter  -  171 words
    • Article
      Lock icon European Options turnover at new high
      225 9 Reuter TURNOVER on the European Options Exchange rose to a new high of 33,121 contracts in October from the previous record of 29,617 in September, an Exchange has announced. The average daily turnover increased to just over 1,505 contracts from 1,410 in September and
      Reuter  -  225 words
    • Article
      Philips sells shares in Turkish interests
      157 9 THE TURKISH industrial and banking consortium, Haci Omer Sahanci and Akbank, has taken a minority share in two Turkish subsidiaries, of the Dutch electrical group. Philips. Sabanci Holding has taken 10 per cent of both Turk Philips Sanayi and Turk Philips Picaret, while Akbank
      157 words
    • Article
      OOCL earnings up 25pc despite shipping slump
      381 9 r i ASIAN ORIENT Overseas Container (Holding) Ltd reported to shareholders a 25 per cent gain in operating earnings in spite of the current world shipping slump. Its directors announced for the first six months of this year a net after-tax profit equivalent
      381 words
    • Article
      Lock icon Airbus lease to Olympic Airways
      213 9 AFP two Japanese firms win jointly buy two European A--300 Airbus jetliners and lease them to Olympic Airways of Greece f«r 10 years, it has been announced in Tokyo. The two companies Orient Leasing and the trading house of C. Itoh said they will import
      AFP  -  213 words
    • Article
      Mitsubishi
      38 9 MITSUBISHI Heavy Indus tries has announced that it has signed a 12 bUlkmyen contract together with the Mitsubishi Electric Corp. and Mitsubishi Corp. to build a generating plant at Paipa, Central Columbia, for the Columbian Electricity Board.
      38 words
    • Article
      CSBP bid hits Westfarmers
      133 9 THE protracted battle to gain control of Western Australia's only fertiliser manufacturer was partly responsible for Westralian Farmers Co-operative suffering a drop in earning for the year-to-June 30, from As2.67million to $I.9smillion. Westfarmers first tried to gain control of the state's fertiliser maker.CSßP and Farmers late
      133 words
    • Article
      Bank of NSW reveals A$77m contingency reserves
      282 9 THE Bank of New South Wales said its previously unreported contingency reserves amounted to A 576.7 million at its Sept. 30 balance date. In its profit statement for the year ended Sept3o, the bank said the transfer to the reserves in the year
      282 words
    • Article
      Lock icon WMC announces 3.5pc royalty
      173 9 Reuter WESTERN Mining Corp. has reported that its agreement with the Western Australian Government for the future development of the Yeelirrie uranium deposit provides for a royalty on uranium oxide production at the rate of 3.5 per cent of realised fob value of the product. Western
      Reuter  -  173 words
    • Article
      Comalco output
      50 9 COMALCO has reported that its primary aluminium output rose to 142.046 tonnes in the first three quarters of 1978 from 126.185 in the same period last year. Bauxite production fell to 5.74 million tonnes from 7.49 million tonnes and bauxite shipments to 5.72 million tonnes from 6.86 million.
      50 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      204 9 SINGAPORE MWR vn VOL 2 NQK> 15th OCTOBER W1 PRCE $300 :<**A W* jJS* Singapore Business has gained a reputation justified, we might add of being a show off magazine. Our October issue is no different. We give you a closeup view of: The short circuit in the electronics components
      204 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1011 10 BID aad tfhr pneo* ofnrtalW Imlad Mocfeß*ctian«a tt&ZStZF J vitk tke aaMMrTfMMM <ww IB bcacaot* tn tetooC I. MB an Itl UJMaO* IUMfVIH MCtfM AH TUae Imilmmm Contract* an quotad after Um word "hu Blf Beard deal <in tot* oM.OM unr tu) art quoted after tit* tetter* BB
      1,011 words
    • Article
      Government bonds
      59 10 W 058) (250>000) < W SOB lOOMS)**" (250,000) (90 808 (250.000) (100.158 (loafSoeT IVVBI 4 ,2SO 00 IWBSB) M <250 000) OOO.IW 7 <250,000) (100.75B) 7 1/4* 14/10/00 (250,000) (100.79B) 7 1/4% 1/VT7 (290.000) (100.70B) 1/2* T F IWS7 (250.000) (100 558) 1/4% T P IS/4/tl (250 000)
      59 words
    • Article
      Stock options
      85 10 BTRIKINQ prtCH of the stock options officially listed on the Stock Exchange of 81n«apore, the periods, bid and offer prices and business done yesterday with the number of options traded shown m brackets. Cold Storage (Dec $2.30) (0.228 0.325) Hume F E (Dec St 55) (0.368 0.445) Inchcape
      85 words
  • Article
    Unit trusts
    139 10 SINGAPORE ITNIT TBI Frtw tf Ht The Commerce 2.33 Tl» Saving Fund m Spore Pro* Fund 101 S'pore Sec. Fund 1.94 S pore Invest Fund 1.36 W 2.47 156 1 12xd 2 0S 143 INCOME BOND UNIT (Carnal prteas) Income Bond 1.87 1.11 MABA BUMIPUTBA FUND 1 1
    139 words
  • Article
    SHARE INFORMATION SERVICE
    2457 10 1978 a High Ltw Company Last Sale ♦e»Cfi Dtr Dhr Cet Qr*i T*M Net P/B Val Day (*999) Higk Lew •I s SECnON ONE a a INDUSTRIALS i 272 Ill 279 330 245 890 132 Acma 123* Alcom 112 Allied Choc 133 BAT 195* Bata 90 V>
    2,457 words
  • Article
    In Kuala Lumpur
    1621 10 P® "*0 prtc« officially listed and business in and jjportad to the Kuala Lumpur «oc* Exchange yesterday with the number of ahaiWtraded shown in brackets tn lots of 1,000 uniu unleaa othferwtae specified. INDUSTRIALS Ailnamata ,2 S2B 2.938). Alaam lI.MB I.MS). Alaa H»M (1.188). AlMad CUM (1
    1,621 words
  • Article
    Guinness queried
    159 10 THE Kuala Lumpur Stock Exchange hat requested additional information from CuiNness Malaysia Berhad following their recent announcement on Oct. 13 of a bonus issue of one-for-two. The exchange would like to know if there is any expected change in profitability for the year ended Aug. 31. 1979. compared
    159 words
  • Article, Illustration
    Share prices drift lower across a broad front
    779 10 WITH a market devaid af freak kiyiag late rest, shares drifted lewer sersss a bread treat aa the Stock Euhuge ef Siagapere yesterday* Losses were aiarglaal aa price mevemeats hecame laereaslagly slag* gteh, evea amaag market leaders like Haw Par, Sime Darky,
    779 words
  • Article
    Continued lack of interest hits prices
    466 10 THE KUALA Lumpur stock market yesterday fell sharply lower on continued lack of investment and speculative interest. After a barely steady opening, the market featured routine selective dealings with lower prices. By the afternoon close, all sectors were below their overnight levels except hotel
    466 words
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  • COMPANY NEWS
    • Article
      Singatronics gives up electronic products activity
      176 11 Singatronics Pte. Ltd., a subsidiary of City Developments, has ceaded to manufacture electronic products. Its fixed assets excluding book debts and stocks have been sold for 1150,000 to Mr. Tan Choon Sin of Kuala Lumpur at a profit of $13,000. Singatronics is one of
      176 words
    • LATEST RESULTS
      • Article
        SIN Chew Jit Poh (Singa- pore) Ltd.
        49 11 reported an audited pre-tax profit of $1.81 million ($1.14 million),for the half-year ended June 30. Turnover rose $9.78 million from $8.39 million. The company said, barring unforeseen circumstances. profit for the second half-year will not be significantly different from the first half.
        49 words
      • Article
        Lock icon Sim Lim Investment Ltd
        27 11 Reuter reported an audited group net loss after extraordinary 3?ms of $2.68 million (profit .55 million) for the year epded March 31. Reuter
        Reuter  -  27 words
    • Article, Illustration
      Demand for houses a boon to I and P
      722 11  -  By ARTHUR NG AN EXTREMELY good showing from the housing division of the Island and Peninsular (I and P) group has ensured that the company stays on the growth track which it has moved strongly back into since last year. Group
      722 words
    • Article, Illustration
      CONSPLANT SET FOR HIGHER EARNINGS
      1114 11  -  By LOW LEE CHOO AFTER THE slight profit setback experienced for the •year just ended June 30, 1978, Consolidated Plantations (Consplant) the btgvgest subsidiary in the Sime •group is now poised to ■enjoy higher earnings in the current year now that the »worst effects of
      1,114 words
    • Article
      COMPANY MEETINGS
      103 11 TASEK Ceme«t BM.: AGMto be held at Tasek Industrial Estate, Tasek Drive.Ipoh at 12.30 p.m. on Nov 4. A astral Amalgamated Tla BM: AGM to be held at Wisma Bunga Raya, 152, Jalan Ampang, Kuala Lumpur at 2.30 p.m. on Nov 6.. Malayaa Baaklag BerMd: AGM to be
      103 words
    • Article
      Bovis directory to discuss need for EGM
      285 11 REPLYING to the latest of a series of letters from the Kuala Lumpur Stock Exchange (KLSE), asking it to convene an EGM to approve the sale of its property in Bukit Timah, Singapore, for M 54.55 million, Bovis SouthEast Asia said a board
      285 words
    • Article
      Why investors fight shy of unit trusts
      450 11  -  By TSANG SAU YIN AN OBSERVATION was made some time ago that local investors fight shy of unit trusts or mutual funds as they are known in the United States. The lack of interest apparently stems from the fact that unit trusts lack
      450 words
    • Article
      JC-MPH offer too popular
      240 11 JACK CHIA-MPH announced that its offer for the sale of 8.12 million shares in Jack Chia Enterprises (Malaysia) (JCEM) at a price of MS 1.00 per share has been substantially oversubcribed. Out of the shares offered for sale, 800,000 were reserved for Malaysian directors, officers and
      240 words
    • Article
      DIVIDENDS ANNOUNCED
      437 11 Current Payment Ex Date Book* Cloae Date Total for Total for Payable tbe year Previoua year .Magnum Corps Auat AmaP Ctaem lad(FE) 5%I 50% 10H(b) Oct 4 Oct 10 Oct 23 Oct 14 octao Oct 27 Nov 6 Nov 7 Nov 7 5* 80* 10* 7*TE 80* 10*
      437 words
    • Article
      SCRIP ISSUE
      161 11 Company Particulars Ex Date Books Close Pub. Bank Bonus Issue of 1 for 4 No»a Nov 16 Guinness Bonus Issue of 1 for 2 Oct 25 Nov 7 T. Cement Bonus Issue of I for 5 Nov 8 Nov 17 Synthetic Resin* Rights Issue of 2 for 5
      161 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      207 11 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. ft X -V <4 X V x V r Professor John Kenneth Galbraith presents his views on economics in The Aga of Uncertainty.
      207 words
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  • Article
    Sime lashes out with a five-point letter
    831 12  -  ay QUEK PECK LIM SIME DARBY Holdings has carried its campaign to change auditors one step further. It has begun circulating a five-point letter to Shareholders setting out its reasons for the change and answering some of the .charges that have been brought
    831 words
  • Article
    Lock icon Thai economy keeps up its momentum
    262 12 AP THAILAND'S growth-orien-tated economy continues to make progress this year, according to the US Department of Commerce. "This progress is built on the 5.8-per cent increase in gross national product in 1977 and reflects the solid agricultural base and a buildup in domestic industrial
    AP  -  262 words
  • Article
    Joint front against investors urged
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    142 words
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    81 words
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    431 words
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    Lock icon Taiwan eases travel
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    Reuter  -  239 words
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    260 words
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    Reuter; AP  -  574 words
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    Reuter  -  193 words
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    224 words
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      55 12 m.v. "VISHVA ABHA" VOY: 18 W arrived Ist November, 197 ft. at P.S.A. Godowa No. 18. afed cargo ex the above vessel will be held on Tuesday Ith November. 1978, as from 9X30 a.m. to 5.00 p.m. No further survey will be held after this date. Agenta:- ft JL MABHOY
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      Page 12 Advertisements Column 2
      559 12 Leader...Page I SEE PAGE 2 new; From Youth in the Army BOOKS ABOUT ASIA The Asia Pacific region has always been a focus of world attention, but at the same time, there is a great deal of ignorance about the region as a whole, primarily because of the cultural, political,
      559 words