The Business Times, 25 November 1978

Microfilm: NL9922
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 21V1/78 SATURDAY, NOVEMBER 11*8 SO CENTS
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  • BRIEFLY...
    • Article
      Lock icon Bonn stimulus
      60 1 UPI BONN, Fri.— The West German Parliament approved today a 15.1 billion D-mark (5J17.8 billion programme to stimulate the country's economy and keep a promise Chancellor Helmut Schmidt made to US President Carter at the economic summit in Bonn. German officials said it now is up to the
      UPI  -  60 words
    • Article
      Lock icon Dollar dips
      65 1 Reuter TOKYO, Fri.— The US dollar closed trading on the Tokyo foreign exchange market today at 193.95 yen, nearly three yen down on its rate at the beginning of the week. The dollar, which slipped last month to an historic low of 175.50 yen, fell throughout the day
      Reuter  -  65 words
    • Article
      Lock icon UK must join EMS
      79 1 Reuter THE HAGUE, Fri.— A British decision not to take part in the planned European monetary system would be a tragic mistake, Dutch Treasurer General A. Wellink said. European joint float countries have made important concessions and the UK could take part in the system on
      Reuter  -  79 words
    • Article
      Lock icon Manila mission
      56 1 UPI MANILA, Fri.— A Philippine mission in Peking is looking into the possibility of participating in China's hotel development programme. Head of the mission, is Mr. Ruben Ancheta, chairman of the Overseas Construction Board and Mr. Panfilo Domingo of the Philippine National Bank. The group was invited by
      UPI  -  56 words
    • Article
      Lock icon 14m man-days lost
      61 1 Reuter NEW DELHI, Fri.— India lost some 14 million man-days because of strikes and lockouts during the first eight months of this year, about the same as in 1977. Labour Minister Ravindra Varma told Parliament that there had been more than 1,000 strikes, nearly two-thirds of them
      Reuter  -  61 words
    • Article
      Lock icon Laker soaring
      58 1 UPI LONDON, Fri.— The phenomenal marketing of Sir Freddie Laker's cheap Skytrain flights to New York looks like leading to a profits lift-off for his Laker Airways (International). His latest yearly figures to March show that turnover rose from £51.9 million (Ss2lB million)to £75.9 million, while profits just
      UPI  -  58 words
    • Article
      Lock icon Citibank raises prime
      47 1 AP NEW YORK, Fri.— Citibank, the largest American commercial bank raised its prime lending rate to 11.5 per cent, the highest in four years. Citibank's increase was followed almost immediately by a similar move by Morgan Guaranty Trust, the fifth largest US bank. AP.
      AP  -  47 words
    • Article
      Lock icon Dow Jones
      47 1 AP NEW YORK, Fri.— The New York Stock Exchange opened today with a slight loss in weak post-Thanksgiving Day trading. The Dow Jones industrial average of 30 industrials slipped 0.95 to 806.05 in the first halfhour. Advances, however, led declines by a small margin. AP.
      AP  -  47 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      120 1 Rises Most Active OCBC 735 +20 Sime Darby 676,000 AnbMHdor Rothman* Magnum Corps 240 285 314 16 15 12 Grand Central Haw Par UOB 306.000 273,000 132,000 Strait* Trading 525 10 High Low 308 10 Total turnover: 4.96m FAN 454 +8 Total value: J10.93m DBS UOB 396
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    • Article, Illustration
      In Kuala Lumpur
      147 1 Rises Most Active Rahman Hydr 540 20 Sime Darby 621.000 Sg Besi 610 20 Cons Plant 279,000 OCBC 735 15 Haw Par 261.000 U 0 Bank 314 12 Genting 111,000 Fusan 152 11 Total turnover: 2.90m Sime Darby 297 10 Total value: J7.22m Nat Iron M Banking
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  • Article, Illustration
    Marina Centre, the new Atlantis
    1082 1  -  URA WELCOMES FOREIGN TENDERS By TEO TECK WENG FOR THE first time, foreign developers will be invited to tender in the seventh Urban Redevelopment Authority (URA) sale of sites programme launched yesterday. The sale is expected to generate $700 million to $800 million in private
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  • Article
    Getting fair's share of Asean show
    153 1 THE ASEAN Trade Fair in Sydney has attracted two joint ventures for Singapore. They are currently under negotiation. Eight agencies for Singapore products were concluded and details for another 11 are being sorted out after the six-day fair ended on Oct 28. It was
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  • Article
    PSA is steering into the hotel industry
    655 1  -  By RONNIE LIM THE Port of Singapore Authority is making a foray into the hotel industry, with plans to develop hotels opposite the convention-exhibition complex of Maritime Square. A PSA spokesman yesterday confirmed that it is now seeking government permission for its proposed
    655 words
  • Article
    Lock icon Crisis-hit private banks turn to Bank Indonesia
    233 1 Reuter A NUMBER ef private kuki la Jakarta were fsreed to seek sappert fram the itite swaed Baak UnmU Mtowlag last week's SU per eeat devataattoa of the rapiah, Aatara News Ageaey reported yesterday. It qaetod Baak ladeae■U's executive AMallah All as saytag
    Reuter  -  233 words
  • Article
    Lock icon French team visits Peking to speed up $25 pact
    322 1 Reuter -r— FRENCH Foreign Minister Jean-Francois De»/ niau leaves today for Peking to speed up and possibly sign a trade agreement with China providing for exchanges of up to 50 billion francs (5525.3 billion), said officials in Paris. Mr. Deniau will
    Reuter  -  322 words
  • Article
    Lock icon Stockpile plan slips
    169 1 Reuter THE United States is falling behind in its efforts to build a huge stockpile of oil as a buffer against a new Middle East war, another Arab oil embargo or any sudden drop in oil imports. The present US strategic oil reserve would in fact only
    Reuter  -  169 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      41 1 I:\vrctf Lines TMI MOST PtIQUtNT SAIUMOS TO •AMOKOK HONOKOMe JAPAN MISAH. Evcrvtt Steamship Corpn. t/A C»-Wor# V«9ooc<» 1 T r< 3d fecc* S«'W« M 10) OC 0C B*9 T«« J 1441 J Po»* K**ona SOCVmi* CO §MO *7727 SEE PAGE 5
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    • Advertisement
      Page 1 Advertisements Column 2
      103 1 your I m bk al'l' irsTiMfvaiowiE To BWVVfST. Chances are that at Pan-West we have just the right equpment to help improve your game At Pan-West we stock the finest range of top quality golfing equpment Confidence. Honma. Lynx to name a few Drop m on us and browse around
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      Page 1 Advertisements Column 3
      12 1 m •f ear parts package TO times f»r lata ,w, ju>,■ !W>r.
      12 words
    • Advertisement
      Page 1 Advertisements Column 4
      252 1 valuation for FINANCING CALL THE PROFESSIONALS TH.:*****5/7 ASIAN APPWUSALCO. PTE LTD. *****4, Swpmw Hmm, Pwm| 11, S-9. IT TAKES MORE THAN TOP QUALITY SOUND TO CREATE AN EXCEPTIONAL HI-FI STEREORECEIVER. B O BEOMASTERS ARE ALSO CREATED: SIMPLE, FUNCTIONAL, RELIABLE. F 3 BEOMASTER w™ magic touch controls 1 CfcOO stereo tuner/amplifier
      252 words
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  • TRADE AND INDUSTRY
    • Article
      Lock icon Indonesia, Sabah drop hint on log marketing
      235 2 AFP SABAH and Indonesia may have to seek "Alternative marketing arrangements" for their timber logs if they are not assured''of fair prices,' a&brdtag tb 1 joint dtacemerit from K6tft Kina balu on Ttioraday.* ilnHoWww, bodi Would Hke to continue the present pattern ofwarketlng.
      AFP  -  235 words
    • Article
      Iron ore from Brazil
      56 2 A CHINESE metallurgical mission will visit Brazil early next year to discuss long-term iron ore supply. The president of Cia Vale do Rio Doce, Mr Joel Renno said his organisation's contract to sell China four million tonnes of iron ore in 1979/80 is only the start
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    • Article
      Publishers to seek government, Unesco aid
      381 2  -  bjt FOG CHOY PENG THE five-day United Nations Educational, Scientific and Cultural Organisation (Unesco > regional seminar on commercial factors involved hi mass-market publishing ended here yesterday r Jlesoliitions that have Been drawn up are to call on Unesco and Asian governments to help
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    • Article
      Lock icon Clothing exports give HK a boost
      138 2 AFP HONGKONG'S domestic exports this year were greatly augmented by increased clothing sales to the world's main industrial countries. Exports to the United States for the first nine months were worth US$997 million (552.2 billion), an increase of 13 per cent. Exports to West
      AFP  -  138 words
    • Article
      ADBIS STUDYING BINTULU PORT LOAN
      205 2 THE Aslaa Devtlip—t Buk (ADB> IrwaHir tag a Imi at t'SIM inllUaa (StllhffcUttah) far Ike KiaUli' < ■altt-parp—<" part Ib Smink, Meartflag to Ike kuk preaideat Taraiekl Yaakida. Mr YaaUda aaid that the prajeet being a Kg aae, the Malayslaa government will abvtoaaly need to
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    • Article
      SMR 20 still hedged by indecision
      463 2 AT TALKING STAGE THE QUESTION of using SMR 20 (Standard Malaysian Rubber 20) as a second hedging grade in the Malaysian futures market may take a few more months to decide, the chairman of the Malaysian Rubber Exchange and Licensing Board, Haji Abu Bakar,
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    • Article
      Lock icon Key to rubber accord
      279 2 Reuter SUCCESSFUL negotiation of an international rubber agreement could hinge on negotiation of a price review mechanism and, to a lesser extent, on the size of buffer stock that may be negotiated. The agreement is being negotiated under the auspices of the UN Conference on Trade
      Reuter  -  279 words
    • Article
      MEMO PAD
      331 2 COURSES AND TALKS Oct lfi-Dec 18 (every Monday): A detailed study of reinsurance and Its role in the conduct of insurance business, srrc, sitc. Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), SITC, SITC Nov 20-25: Role of the supervisor, PSA Central Training School, PSA
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    • Article
      DECISION MAKERS
      69 2 THE 1978-79 directory of decision-makers in oil and gas industries worldwide "Who's Who in World Oil and Gas"— was published recently. This fourth edition is an authoritative reference book on personalities in the industry. The directory, published by Financial Times in September, contains 4,250 indivudual biographies and an
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    • Article
      Indian chamber mission
      151 2 A seven-member delegation of the Associated Chambers of Commerce and Industry of India (Assocham) will visit Singapore from Wednesday to Dec 4. The team, led by the chambers' president Mr. F.Jasdanwall, will also visit other Asean countries to promote trade and economic cooperation through joint ventures. The
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    • Article
      Asean set to discuss car parts under PTA
      531 3 THE first package of automotive products considered to be possible items for Asean industrial complementation will be reviewed when the Asean Automotive Federation meets in Singapore next week. Some 132 representatives from the Asean motor trade are expected to participate in the
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    • Article, Illustration
      Accountants tot up benefits of close Asean ties
      794 3  -  By SOH TIANG KENG ASEAN nations should develop more capital-inten-sive industries rather than those serving as just mere suppliers of cheap labour to multinational companies. This was suggested yesterday by Mr. M. Gurunathan, a Singapore delegate, at the first conference of the
      794 words
    • Article
      Goh at the helm
      143 3 THE aeeead meetlag la Wigipiw af Ike Ahm nb> eemmlttee »n flhlpplag and Parte haa mM. He fflagaperr delegatlea leader, r f[r**lr Geh Chee Keag aad the Hud telegittie leader, Mr.Amphaa Tlyahera, were elected iha lima a aid TleHtelmu respectively. The meetlag niMwiii ud adapted the
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    • Article
      THE 13 WHO MADE IT
      59 3 mSTBEN stadearta have MMi tke (MllNto ta IITMtBNt Auljlll Mm (NteM H-tty hy Naayaag U*.—*tj aad Uw Htoppm awitTl» itiinti jiim i«wM (MMBMtH hy Mr Taa Chek'Slaa, fcirtw ml 4 Ha■jfMgWvmtty at J'iST yeaterday. Mr Ng See Peag, chalraf Ike baard et gsverwre, Tlngapan Beeartttas
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    • Article
      Survey to keep POSB posted
      194 3 THE Post Office Savings Bank will conduct another survey next month to obtain feed bask from depositors and to "find out who its customers are. This secoad Account Holders Services Survey hopes to assess the quality of its customer services and to obtain Information and
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      1150 2 URA PRIMELAND investment opportunities Location Map of Central Area Marina Centre CENTRE RECLAIMED LAND 1 Public Tender w The Urban Redevelopment Authority is offering for lease by tender Land Parcels 1 to 15 as c) described in the Schedule herein for the purpose of development thereon On behalf of the
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      753 3 Lute Page < ■is 4 TRANSPO-ASIA7B INTERNATIONAL TRANSPORTATION, MAINTENANCE 8. ANCILLARY PRODUCTS EXHIBITION 25-29 NOV 1978 WORLD TRADE CENTRE SINGAPORE THE EXHIBITION The first international transportation, maintenance and ancillary products exhibition so essential in this part of the world will offer manufacturers entrepreneurs business opportunities in the ASEAN region. A
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      648 3 CRYPTIC PUZZLE ACROSS 1 What a disagreeable beggar may do (6) 7 People with a fair assortment of tins (8) 8 Newest model (4) 10 Rocks In a ring? (6) 14 Pretend to entertain? (3) 10 Every number taken down (5) 17 He's smart to use a false key (4)
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      376 4 THE SINGAPORE rubber market yesterday closed slightly lower with December One RSS buyers quoted at 249.90"cents per kilo, down 0.25 cent from Thursday's close. TJie"afternoon session continued easier on continued tarek of interest, dealers 'iaid. °™Vhe- morning session closed slightly lower with '-December One RSS buyers
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    • Article
      RAS PRICES
      379 4 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b 248 25 249.25N 248.00 249.00S Int. 1 R.S.S. December 249.75 250.25. 249 50 250.00 Int. 1 R.S.S. January 252 25 252.75 252.00 252.50 Int. 2 R.S.S. 244.00
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    • Article
      SSR and SMR
      90 4 NOON SSR and SMR prices yesterday: B 1« (Cwreat Mth) (Forward Mtfe) SSR 20 (eeata (CM ■toper kg) (1-ton pallet) 241.00 243.00N 243.00 245 00N SSR SO (1-ton pallet) 239 00 241.OON 241.00 243.00N MRELB SMR 5CV (1-ton pallet) 264.00 266 00N 265.00 267.OON SMR5L (1-ton pallet)
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    • Article
      Palm oil
      67 4 C.I.F. North European ports, tn US dollars per ton unless otherwise stated. LONDON: Thursday Previous Malaysian 5%ffa bulk per tonne January 600s)r 598slr Sumatra 5% (fa bulk November 617 .sir 615slr December unch 612 .sir January 610slr 607',sir February 607'.sir 605slr March 602.pd 600/595pd Nigeria 5% ffa bulk
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    • Article
      Closing prices
      29 4 Rubber: Nov 24 Singapore: December: 249.50 cents (down 0.2S cent) Malaysia: December: 249.50 cents (unchanged) Tin: M 51,858 (down $13) Official offering: 150 tonnes (up 8 tonnes)
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    • Article
      Rice
      195 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne F. 0.8. basis Bangkok) White rice: 100 pet Ist class 340. 100 pet 2nd class 325, 100 pet 3rd class 320, 5 pet 313, 10 pet 290, 15 pet 285, 20 pet 280, 25 pet 275,
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    • Article
      Cocoa
      137 4 COCOA futures in london yesterday rose sharply in early trading, passing through the £40 limit at £2,190 basis March but failed to attract follow-through support and fell back by around £20 to close £21.5 to £35 higher. Turnover was 1,713 lots, including 433 crosses. Although technically due to open
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    • Article
      Produce exchange
      412 4 QUIET AND featureless conditions persisted in the Singapore produce market yesterday. Fresh offtakes were scarce and confined to small lots of certain commodities which found demand in the neighbouring consumer countries. Copra and coconut..oil held very steady with local coconut oil millers still receiving good buying orders from
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    • Article
      Hongkong Comex
      377 4 SUGAR futures trading remained fairly quiet yesterday, with turnover of only two lots against five on Thursday, dealers said. The only month traded was March, which closed at 8.86/95 US cents against Thursday's 8.76/82 close, they said. The day's daily spot sugar price was unchanged at 7.96 cents
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    • Article
      Coffee
      102 4 ROBUST A futures in London yesterday opened steady, £4 to £19 per tonne higher in sales of 564 lots. Commission-house buying featured in early market dealings and contributed to the rise. This activity later dried up and values eased slightly in quiet conditions. Dealers said the early gains, while
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    • Article
      Sugar
      152 4 RAW SUGAR futures in London yesterday steadied in quiet trading against currency factors to end the call £0.85 to £1.10 higher. Turnover was 259 lots. In the absence of any lead from New York, the only factor was easing of sterling against the US dollar, market sources said. Physicals
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    • Article
      Zinc
      43 4 ZINC, on the day, rose by £1.25 for cash and £2 for Three Months in London on Thursday. After lunch, the market ruled steady in sympathy with lead although trading remained routine. Three Months finished the ring trading at £361 per tonne.
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    • Article
      Slight recovery in rubber market
      324 4 Something of a recovery has been noted in the week ended Nov 23, as prices recouped about eight cents from last week's sharp fall, closing 3'2 cents up on balance, but on a slightly easier note, said Htttday, Caller, Bath aad Cs in its weekly
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    • Article
      Straits tin
      126 4 THE STRAITS tin price in Penang yesterday fell a fyrther MJI3 to $1,858 per picul, on an official ofering up eight tonnes to 150 tonnes. In LONDON on Thursday, tin, on the day, was down £45 for cash and £42 for Three Months standard while high grade lost
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    • Article
      Aluminium
      48 4 ALUMINIUM closed unchanged for Three Months at from £606.5 to £606 per tonne in London on Thursday. The market did not trade during the afternoon session. The morning market picked up from initial softer levels on light shortcovering following the trend in most of the other metals.
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    • Article
      Gold
      380 4 GOLD futures closed steady with prices finning slightly on the day in moderate trading on the Gold Exchange of Singapore yesterday, dealers said. Turnover rose to 95 lots against 75 on Thursday, but remained below the first days' turnover of 106 lots. Activity was mainly centred on the February
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    • Article
      Copper
      130 4 COPPER wire bars, on. the day, lost mostly £o.s'per tonne in London on Thursday. The afternoon market was quiet in the absence of direction from New York with Three Months holding steady at £774 at the cloae. The early morning premarket was aided by the closing New York trend
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    • Article
      Silver
      108 4 SILVER closed at HKJ276.50 per 10 ounces in Hongkong yesterday, unchanged from Thursday's close, dealers said. Trading was fairly quiet with the day's silver fixing price holding at HKJ276.50. On the LONDON Metal Exchange, silver on Thursday was down mostly 0.9 pence per troy ounce. The further strength in
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    • Article
      Lead
      87 4 LEAD, on the day, rose by £8 for cash and £3.25 for Three Months in London on Thursday. The afternoon market gained further ground under continued covering prompted by expectations of a sizeable fall in stocks this week and underlying Russian physical interest. Three Months traded up to £390
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    • MONEY AND EXCHANGES
      • Article
        Singapore market
        500 4 THE US dollar was traded on firmer grounds on the foreign exchange market yesterday and stood stronger against the deutschemark and sterling at the close of the day. However, against the local unit, the US currency was taken down about 100 points at the close. Dealers said this
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      • Article
        Asian $ rates
        186 4 Asian rates ASIAN currency deposit interbank rates as at close on Nov 24: IS Dollar*(Spot) Offer Bid 7 days 10 9 7/8 1 month los/ie 103/16 2 months 113/8 111/4 3 months U 11/*****/10 6 months 12 117/8 9 months 113/4 115/8 12 months 113/4 115/8 Sw.Fr*. Dmt. (Middle Prices!
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      • Article
        Discount
        50 4 Range of price* offered by diacouat house* oa Nov 24: Overaifhl 4% Call depoaita 4% CMag Buyiag Selling 3 month Treasury bills 4 37/8 3 month Bank bills 7 0 7/8 3 month CD 7 5/18 7 3/18 8 month CD 79/18 7 7/18 Source: National Discount Co Ltd.
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      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their beat customers is 7.5 per cent.
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      • Article
        Treasury bill tender
        50 4 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Nov 27 to Dec 1: Offered: $40,000,000 Applied for: $64,650,000 Allotted: $40,000,000 Accepted Mia: $99.01 approximately 50 per cent higher bids in full Average rate af dlaeaaat aa allotment: 3.905 per cent per annum.
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      • Article
        Hongkong
        186 4 THE US dollar yesterday was quoted little changed from London's closing levels on Thursday in very quiet end-week trading ahead of the West German trade figures due later in the day, dealers said. They said no European interest was detected in late trading as most operators were keeping positions
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      • Article
        Euro $ rates
        108 4 Euro rates LONDON Eurodollar deposit rates yesterday opened little changed from Thursday's levels in quiet trading after the US Thanksgiving Day holiday. Dealers said they expected another quiet day, with operators unwilling to open new positions ahead of the weekend. Eurodollar deposits opening quotes on Nov 24: Weekend 3-11, 16.
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      • Article
        Zurich
        48 4 ZURICH exchanges closing quotes on Nov 24: US —1.7190-7210 Stg 3.3478-3534 Can —1.4656-4678 D Mk 89.4846-6588 D F1 82.4658-6212 F FY 38.9796-39.0692 B FY 5.6977-7081 D Kr 32.3272-3801 NKr- 33.5415-5936 S Kr 39.0061-0604 Lit 0.2027-2030 A us sch 12.2436-2666 Port 3.6613-6892 Spain 2.4066-4110 Arg 0.17-27 Yen 0.8863-8880
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      • Article
        Australia/NZ
        65 4 AUSTRALIA and New Zealand exchanges on Nov 24: AUSTRALIA: US dollar 1 1425 1.1377 Sterling 0 5889 0 5823 Ninety-day airmail buying rates Sterling 0 6120 US dollar 1 1830 Ninety-day forward buying rate*: Sterling 0 5940 US dollar 1 1461 NEW ZEALAND Sterling 0 5402 0 5373 US
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      • Article
        Frankfurt
        57 4 FRANKFURT exchanges opening quotes on Nov 24: US 1 9175 ***** <1 9195 1 9210) Can 1 6370 90 Sir J 730 740 DR- 92.05 15 SFr- 111 21 SO Ut 2 X0 270 F Fr 43 50 to N Kr 37 40 50 B FrKroa) (.340 50 B
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      • Article
        London
        308 4 THE DOLLAR was broadly firmer in lively opening business yesterday, gaining to 1.7250/65 Swiss francs shortly after the opening from an overnight 1.7160/90. Dealers said there was no specific factor behind the US currency's advance, ascribing it variously to commercial buying orders and technical reaction to its gentle decline
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      • Article
        Tokyo
        141 4 THE US dollar for overnight delivery yesterday closed lower at 193.95 yen, down from a 194.25 opening and 194.55 at Wednesday's close, dealers said. The US currency fluctuated between 193.95 and 194.25 yen in afternoon trading as dollar selling by Japanese banks to cover sales of dollar export bills
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  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      112 4 s There's plenty of buying to be made in Israel More than 220 manufacturers of parts, accessories and garage equipment to choose from. For product information read Wheels Israel Automotive news. For total in depth information read the Israel Automotive Products Buyers Guide. See Israel's products on show at TRANSPO
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      Page 4 Advertisements Column 2
      136 4 NOTICE To the holders of the floating rate U.S. Dollar Certificates of Deposit due 30th November 1981 of: The Dai-Ichi Kangyo Bank Ltd C 2 Hong Buildinw 16 Raffles Quav. Singapore i We hereby certify that the rate of interest payable on the above-mentioned certificates of deposit for the interest
      136 words
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  • OVERSEAS
    • Article
      World hauled over the coals by UN
      329 5 WHILE there is general agreement that an increase in coal production is needed to replace oil as a main energy source, not much is being done about it, the UN Economic Commission for Europe said. Most coal-producing countries of the West, it said,
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    • Article
      Lock icon Lower growth for US, Japan forecast
      201 5 Reuter THE West German government's Council of Economic Advisers expects real US growth to fall to 2 to 2.5 per cent next year from 4 per cent this year, while US inflation is likely to quicken to 7 to 8 per cent. For Japan,
      Reuter  -  201 words
    • Article
      Lock icon The small man in Europe is target of big US banks
      1048 5 NYT SEVERAL of America's biggest banks are moving quietly to exploit an overseas market most have long ignored the hanking business of ordinary European consumers. Traditionally, American bank offices abroad have been set up almost exclusively to serve large
      NYT  -  1,048 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      743 5 ARRIVALS Service Local Operator Number Tine From MAS MH601 0700 KUL MAS MH682 0725 KCH SLA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0645 KUL MAS MH671 0945 PEN/KUL CAL CI806 1000 HLP CPA CX710 1006 HLP RBA BI323 1030 BWN GIA GA90O 1030 HLP
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    • WORLD IN BRIEF
      • Article
        Lock icon HK$ CREDIT CARD
        368 5 Agencies AMERICAN Express Inc said it will introduce a Hongkong dollar credit card on Dec 1. This will bring the total number of currency cards to 20 and existing cardholders will be able to transfer to a Hongkong dollar account. CANADA'S Inspector General «f Bub William Kennett
        Agencies  -  368 words
    • Article
      UK PROBES EMS LINK MINUS STERLING
      106 5 BRITAIN Ib actively exptorlag tke Me* at jaiaiag the pnpiMd Einpcu ■wrtwy wttkaat U«kiag stertlag ta tke ether KEC emmmdem, affldal aaareea aald. Tkla way at paarikly reeeeclllßg Brlttak srepttdm »b*n t tke viability »I tke carreaey Uak-ap aspect at EMS wttk tke fcfaader
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    • Article, Illustration
      SHIPS IN PORT
      382 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Apollo Peak (after Patricia) 8/9 Bunga Gelang (0300 after Kaenary)l9 Frederick Lykes (after Laertes) 1/2. Hugheverett (after Molodogvardeyskiy) 35/36. Jastarnia Bor (0600) 33/34. Perlis (0600) 21 East San Luis (after Baltik) 47. Savannah Maru (after Murrateverett and Jastarnia Bor) 31/32. Tutong (0600
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    • Article
      Lock icon Brazil clamps down on capital inflow
      361 5 AP THE Brazilian government has introduced a series of anti-inflationary measures to restrict the flow of foreign capital into Brazil's rapidly growing economy. The National Monetary Council meeting in Brasilia on Wednsday authorised the central bank to freeze foreign lbans, allowing the conversion of
      AP  -  361 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      193 5 Mazda 929H The most important thing about the Mazda 929 L Legato are the luxuries you don't see. For instance you really don't notice the Solid monocoque body. The impact absorbing torque box side panels. Or the energy absorbing straightened frame. But it's comforting to know you're riding in safety
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  • Article
    Implications of then choice URA makes
    345 6 THERE are many who regard th££jfban Redevelopment Authority's sale of sites as an important barometer of the future. The URA has undoubtedly done its research, which it is obviously in the best position to do as a statutory body, and is thus ideally placed
    345 words
  • Article
    Out of touch with neighbours
    212 6 IT IS most gratifying that the spirit of cooperation in Asean is beginning to permeate organisations in the region. From time to time, suggestions are made which deserve the consideration of governments in the region. At the same time, perhaps out of over-enthusiasm, suggestions have
    212 words
  • Article, Illustration
    Lock icon 'The new Iata' will set the course towards cheaper air fares
    1753 6  -  I ATA By MICHAEL DONNE FT FROM ABOUT the middle lof next year, air passengers throughout the world should find travel becoming progressively cheaper, as plans by the airlines to increase competition among themselves come to fruition. During the
    FT  -  1,753 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      290 6 wine IS t.SJC' M IVtlfl.f. Come and get it! b r if Tvhue f'MStUH ,*M »2 %Dea < iP9»* Erngl ***** No dinner is complete without a White Label t-S N Another qualify product from WKe m Lobsters. Barbecue. Or tempting a la carte. The choice leyeur*. For a hearty
      290 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      61 6 IWEftTiHERj OUTLOOK for Singapore from 6 a.m. to noon today: Mainly fair. Re part for 24 hoars prior to 7.3t p.m. on Nov 24 at the airport: Maximum temperature 30C Associated humidity 60 Minimum temperature 23.5 C Associated humidity 99 Hours of sunshine 7.40 Rainfall in millimetres 0.4 Total rainfall
      61 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      285 6 TiVKJRWDTQ SINGAPORE 5 1.00 PM Opening announcements fol- 7.05 lowed by Sesame Street* 2.00 Saturday Matinee Port Afrique* J. 30 Starring: Pier Angeli, Phil Carey, 7.J5 Dennis Price 8.30 3.35 Bth World Men's Basketball Cham- q pionship Yugoslavia Vs U.S.S.R. X'S (Final—Repeat)* jJJJ 5.00 Sandiwara A Malay drama entitled 'Sumpah
      285 words
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  • Article, Illustration
    Lock icon Sorry, but you can't retire at 65
    833 7  -  By LEONARD SILK NYT MILLIONS sf Amerteaas who thoaght they were gulag to be able to retire at 85 or earlier eaa expect to work several years loager on a resait sf two fundamental national treads. One is the aging of the United
    NYT  -  833 words
  • Article, Illustration
    Lock icon How will China pay for her Japanese buys?
    1079 7  -  TRADE TALKSfON-TUESDAY By FOX BUTTERFIELD NYT THE EXCITEMENT generated among Japanese traders in Tokyo by last month's visit of China's Vice-Premier Teng Hsiaoping, has continued unabated as Japan looks to newly reaffirmed diplomatic ties with its ancient neighbour to open up a
    NYT  -  1,079 words
  • Article
    STRAWS IN THE WIND
    377 7 AN ENTERPRISING Australian company has decided to make use of an idea that was just begging to be noticed a wine to go with Chinese food. Aptly named "Yam Seng", the bubbling wine is ginger-flavoured and sweet. Promoters of the wine claim that it was really
    377 words
  • Article
    Lock icon When can't spin money for UK
    715 7  -  FORUM ...with Geoffrey Owen FT IT JPART ol conventional wisdom at basic research but bad at applying the rejsults. TMs is. a theme which appeari m jr recent 'report' on Japanese® 1 industry ty the Sfelect €ota*' mittee on Science and Technology, It was
    FT  -  715 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      284 7 W m HOTEL ASIA 37 Scotls Road, Singapore 9 Tel: *****8 HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road. Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scolts Road, Singapore 9 Tel: *****1 HOTEL GRAND CENTRAL 22 Orchard/Cavenagh Roads, Singapore 9 Tel: *****4
      284 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      36 7 BriStcftr:ifrm]LDicto uwT's THE. mpfr-re^. mB. fcfc\STpW? U6.T (*\e ttfcp»soa rr. fv+unv, vHamp"fHwmr Sou* "TfePk OPOHfrC. DOCSN'T V'Vt P\JT IN rrtv rrONCV U>OHT COUGH up OM.oStU. —TMIS CALLS RDK STRot4G€*S. > toe^smaes... Boorv^ 1 z?' tor/ Boof ';\v
      36 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Most bourses end mixed
      546 8 EUROPEAN MARKETS MOST European bourses closed mixed on Thursday, except the Brussels which ended higher. Amsterdam share prices closed mixed with a firmer bias ineonunued quiet trading. MoogQvens lost a4O guilders on ,Est«rs doubts lor the near ratureAnd despite the reported idlmxll tmfd quarter pre-tax V.
      546 words
    • Article
      Zurich
      188 8 (i NOV a Francs 1 Actions Sulsses 272 unch Alusulsse Br 1130 +10 Alusulsse Reg 500 *5 Brown Bovert Br IMS ♦5 Clba Gelgy Br 1040 -20 ClbaOelgy PC 830 -15 Ctha Gelgy Reg <31 unch Credit Suisse Br 2150 -15 Credit Suisse Reg 418 -1 Elektrowatt Br 1780
      188 words
    • Article
      Amsterdam
      212 8 NOV S ru ABN 3M SO +1 Ahold 112.50 -2 Akxo 29 50 +0 2 AMEV 80 00 +0.7 Am fas 104 50 unch Amrot Bank 75 40 +0.2 Bergoss 53.00 -2.5 Berk 87.70 0 7 BolJ 69 00 1 Borsuml] 147 50 -1.5 Burhmann 74 00 +0.7 Byenkorf
      212 words
    • Article
      Paris
      258 8 nov a Frs CORBEILLE Alr-Llqulde BSN Oervals Danone C S F (ThomsonCsf) Cle Francaiv des Petroles Compagnle Flnanclere Compagnle Oenerale Credit Foncler De France Hachette (Ubralrle) Machines Bull MIcheltn (B) Partbos Pechlney Clglne Kuhlmann Peugeot' Philips (Nv Gem Bezlt) PrlntempsSA Rhone-Poulence SA Royal Dutch SueztCle Flnan De) Thomson-Brandt Uslnor
      258 words
    • Article
      Frankfurt
      240 8 nov a Dm Aef-Telefunken 79.70 -0.3 Akzo 27.20 -0 3 AHz Leben 7 SOB AUx Vers 495 +a BASF 135 80 -0.4 Bay H T Wbank 318 3 2 Bay Vbank 327 50 Bayer 140 00 -0 5 BBC 310 20 -4.8 BMW 223 00 -0 5 Cassella 388
      240 words
    • Article
      Milan
      95 8 Nov a Ure Anlc 30 -2 Assoc Oen ***** -120 Bastogl 448 -7 Centrale 4375 15 Flat 2877 -3 Finslder 124 25 1.25 Oen Immob 74.25 +0.25 IFIPrl 2325 -75 Italcementl ***** -770 I taigas 741 unch Italslder 288 50 ♦0.5 Magnetl M Pf 490 +5 Marelll Ere .228
      95 words
    • Article
      Jo'burg
      397 8 MOST )ectof*3M?lhe market were firmer on Thursday, In fairly quiet trade, the major influencing factor being the higher bullion price trend. Gold shares s«w gains of up to 75 cents In' heavyweights, while smaller-priced Issues were 10 to 20 cents firmer. Mining flnancials followed producers higher. De Beers gained
      397 words
    • Article
      Selected Indices
      62 8 FINANCIAL TIMES INDUSTRIALS Thursday 478.0 Wednesday 478.6 Week Ago 471.0 DOW JONES AVERAGE INDUSTRIALS Thursday Closed Wednesday 807.00 Week ago 794.18 LONDON DOLLAR PREMIUM Thursday 82 to 82 1 Wedneday 84 to 85 H.K.HANG SENG Friday 484.73 Thursday 503.70 Week ago 488.48 SYDNEY INDUSTRIALS Friday 443.82 Thursday 442.97
      62 words
    • Article
      Market records strong advance
      300 8 Toronto THE MARKET recorded strong advance on Thursday in the absence of Influences from New York where markets were closed for Thanksgiving. Volume rose to 3,878.360 shares from 3,581.740 on Wednesday The composite index rose more than seven points with advances In 12 of Its 14
      300 words
    • Article
      Lock icon Fortescue well shows potential
      160 8 Reuter ANALYSIS of logs on two wireline tests of the Fortescue No. 2 well indicated a seven-metre oil zone. Broken Hill Pty. Co. Ltd. said the well confirmed the southern extension of therecently discovered Fortescue field, in the offshore Gippsland Basin, but more drilling was required
      Reuter  -  160 words
    • Article
      Lock icon Shell offshoot wins oil survey contract
      66 8 Reuter SHELL Oil Co. subsidiary Pecten Philippines Petroleum has been awarded a geophysical survey contract to look for oil in the Sulu Sea. The energy ministry said another Shell unit, Pecten Philippines Co., has already converted a survey contract into a service contract with
      Reuter  -  66 words
    • Article
      Lock icon Herstatt auditors may face charges
      352 8 FT THE Cologne public prosecutor's office is investigating whether there are grounds for proceedings against the auditors of Herstatt the bank which collapsed in 1974 with losses of over DM 1 billion. A spokesman for the office said it was hoped that a decision on
      FT  -  352 words
    • Article
      Lock icon Market opens firm
      626 8 TOKYO Source: DBS-Daiwa THE MARKET opened firm with main interest on blue chips, reflecting Wednesday's bullish mood, but stopped rising in the afternoon, since investors turned cautious Turnover was relatively heavy and exceeded 500- million-share level for the first time in a month, as large-capital stocks were
      Source: DBS-Daiwa  -  626 words
    • Article
      Lock icon Market dull
      428 8 HONGKONG Source: SHK Sec AFTER signalling the end of the technical rally the day before the market gave way under persistent selling although on a small scale. Early panic conditions saw the index probably 25 points lower before cheap buying saw a reasonable recovery take place. Turnover diminished
      Source: SHK Sec  -  428 words
    • Article
      Bangkok
      257 8 THE MARKET closed mixed in moderately active trading with bank and financial ii ssues the main features, dealers said Nov 14 Bafct ♦A Bangkok Bank 510 ♦30 Bank of Asia 270 unch Bank of Ayudhaya Ltd 300 +8 Bangkok Metropolitan Bank 2.052 Laem Thong Bank 562 -102 Thai Commercial
      257 words
    • Article
      Lock icon Revenue Act helps to boost stock market
      953 8 NYT RUNAWAY interest rates, inflation and thg spectre of recession all help to explain the apocalyptic view that many investors are taking of the stock market, but there may be a fourth horseman in the scenario, too the Revenue Act of 1978. One
      NYT  -  953 words
    • Article
      Lower cost a boon to Snow Brand
      127 8 SNOW Brand Milk Productsforecasts after-tax profit in the year ending next March 31 will rise to about 2.90 billion yen from 2.39 billion yen last year, on sales of 410 billion yen. up from 387.14 billion The company attibuted the good business performance
      127 words
    • Article
      Manila
      124 8 NOV 14 PeKM Aeoje Mining Oil J +0 0005 Atlas Con A AttuCon B 18 30 -0 1 Bagulo Qold ooee urvch Benguet Con B 24 00 -08 BF Goodrich 2100 1 CDCP 18 50 -0.1 IncoB Landoll Lepanlo B 1# -0 01 Marlndaque B 5 00 -0.1 Meralco
      124 words
    • Article
      Lock icon Trans Australia takes over Kay-Hertz
      190 8 AFP THE Australian Kay-Hertz car rental group, which operate* under franchise from the American Hertz Company, has been taken over by Trans Australia Airlines (TAA), one of the two large domestic air carriers of Australia. The announcement means that TAA, with Kay-Hertz, is likely to
      AFP  -  190 words
    • Article
      Lock icon Pioneer Concrete forecasts rise in earnings
      259 8 Reuter PIONEER Concrete Serv ices Ltd. chairman Sir Tristan Antico said he anticipated group after-tax profit will rise 15 per cent to AJ22.5 million in the current year ending June 30 from $19.6 million in 1977/78. The board expects a further improvement in contributions
      Reuter  -  259 words
    • Article
      Dampier Salt takeover
      148 8 THE TAKEOVER of Broken Hill Pty. Co. Ltd, C. Itoh and Co. Ltd. salt Joint venture, Texada Mines Pty Ltd., by Conzinc Riot in to of Australia Ltd. (CRA) unit, Dampier Salt Ltd., has already been completed. CRA, BHP and C. Itoh made the announcement in a
      148 words
  • Page 8 Advertisements
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon C. G. Smith earnings decline
      239 9 FT IN LINE with the depressed state of the world's sugar market, the interim figures from the Durban-based C. G. Smith Sugar for the six months to end-September are well below those for the previous year. Operating profit fell from R10.9 million to RB.l million,
      FT  -  239 words
    • Article
      Lock icon Citicorp ups rate
      62 9 r BONDS&LOANS Reuter CITICORP said it has raised the interest rate on its floating rate notes due 1989 to 9.70 per cent for the six months beginning Dec. 1 1978 and ending May 31, 1979, from 7.45 per cent at present. The rate is computed semi-annually at
      Reuter  -  62 words
    • Article
      Lock icon ATT UNIT PLANS ISSUE
      79 9 Reuter SOUTH-western Bell Telephone Co, an American Telephone and Telegraph Co. subsidiary, said it plans to sell up to US$45O million of new debt securities on or about March 20, 1979, subject to approval by the Missouri Public Service Commission. Proceeds will be applied towards repayment
      Reuter  -  79 words
    • Article
      Lock icon General Motors Acceptance
      55 9 Reuter AN UNDERWRITING syndicate managed by Morgan Stanley and Co. said it has priced, for offering, $250 million of General Motors Acceptance Corp notes, due 1984, at 99.70 with a 9 per cent coupon to yield 9.07 per cent. Selling concession is expected to be $3.75 and
      Reuter  -  55 words
    • Article
      Lock icon Anglo American details results
      97 9 S.AFRICA Reuter ANGLO American Corp of South Africa Ltd. has reported a pre-tax profit of 112.63 million rand in the six months ended Sept. 30, 1978 compared with 92.07 million rand in the six months ended June 30, 1977). Earnings per share came to 39.5 cents
      Reuter  -  97 words
    • Article
      Lock icon Hitachi Shipbuilding
      33 9 Reuter WESTDEUTSCHE Landesbank Girozentrale confirmed,as lead manager, the 50 million mark fiveyear Eurobond for Hitachi Shipbuilding and Engineering has been priced at par with a 5 3/4 per cent coupon. Reuter
      Reuter  -  33 words
    • Article
      Lock icon CREDIT SUISSE
      57 9 Reuter CREDIT Suisse will redeem its 60 million franc, 6 per cent bond 1971/83 prematurely at par on March 10 next year. The Zurich Stock Exchange said Credit Rm«a«> will redeem its 20 million franc, 6 per cent bond 1971/ 83 issued by the former Schweizerische BodenkreditAnstalt prematurely
      Reuter  -  57 words
    • Article
      Lock icon Heavy exchange losses hit ICI profit by 16pc
      557 9 EUROPEAN Reuter WITH LOWER sales and heavy exchange losses, profit at Imperial Chemical Industries fell by 16 per cent in the first nine months of this year. Pre-tax profit in the first nine months ended Sept. 30, 1978, plunged to £334 million
      Reuter  -  557 words
    • Article
      Lock icon German Ford may introduce special shifts
      154 9 Reuter FORD Werke AG is considering introducing special shifts at its Saar-Louis plant to make up for production lost during the nine-week Ford strike in Britain. A Ford spokesman said production at Saar-Louis was halted due to a lack of parts usually supplied by
      Reuter  -  154 words
    • Article
      Lock icon Good time to buy Ford based on statistics alone
      956 9 N.AMERICAN A NYT IP A gigantic company shows almost as much cash in the bank as the combined I worth of its common shares, I are the shares a bargain? It seemed that way to one analyst who discovered such a
      NYT  -  956 words
    • Article, Illustration
      SIEMENS AWARD
      66 9 THE highest beauty that the Mulch-hosed company, Siemens, has ever paid DM M.IM went to Mr. SkgbM Kntfek (ik.£), to« mEZ Pr d,C l eD, l**J' ed ta His Idea redaces the asm her of sequences seeded ta produce such glass plates aad also makes pradactlea cheaper. gta"
      66 words
    • Article
      UBS predicts 10pc setback for the year
      269 9 FINANCIAL results of the Union Bank of Switzerland (ÜBS) will this year be more than 10 per cent under 1977 figures, according to managing director Dr. Robert Holzach. This decline, resulting from a fall in income and a simultaneous increase in costs, would
      269 words
    • Article
      Estel warns of lower quarterly results
      52 9 ESTEL NV Hoesch Hoogovens said results in the final 1978 quarter may be negative in view of uncertain sales and currency exchange rates. The company said the improvement in third quarter results was largely due to its steel division which made a profit reflecting
      52 words
    • Article
      Lock icon Brown Boveri looks East
      183 9 Reuter BBC AG Brown Boveri und Cie will set up a joint venture in South Korea together with Daewoo Heavy Industries Ltd. A company spokesman said Brown Boveri has a 49 per cent stake in the joint venture called Daewoo Electric Co.Ltd., which has an initial
      Reuter  -  183 words
    • Article
      Lock icon Volvo promises record output
      218 9 Reuter AB VOLVO reported a ninemonth group profit of 539 million Swedish crowns (329 million) after financial income and expenditure. Sales were 13.5 billion crowns (11.4 billion). Profit to sales ratio was 4 per cent (2.9 per cent). Adjusted income per share 14.30 crowns (8.70). Capital
      Reuter  -  218 words
    • Article
      Lock icon SWISSAIR OCTOBER REVENUE DOWN
      92 9 Reuter SWISSAIR Shweizerische Luftverkehr AG said October revenue was 15 per cent down on the same 1977 month, but costs were cut by 7 per cent. Transport capacity offered rose 5 per cent while demand rose 6 per cent. Passenger traffic was up 12 per cent
      Reuter  -  92 words
    • Article
      Sodexho signs takeover deal
      84 9 ANCORP National Services of New York is up for takeover by Sodexho, the number two French restaurant group. Sodexho said it had signed the deal with Ancorp and hoped it would be completed early next year, if the US firm's shareholders approve. Sodexho's last accounts showed
      84 words
    • Article
      Lock icon SCHERING, ASHLAND ACCORD
      55 9 Reuter SCHERING AG said it agreed with Ashland Oil Inc. Kentucky, to take over Ashland's chemical product division at a cost of US$6O million. The chemical products division which produces chiefly fatty acids and derivatives had turnover of $110 millionin the 1977/78 year and has a workforce
      Reuter  -  55 words
    • Article
      Lock icon Simpsons to fight takeover bid by Hudsons Bay
      256 9 NYT SIMPSONS Ltd., the nationwide department store chain in Canada said it would fight an attempted takeover by the Hudsons Bay Co. In a carefully worded statement. Mr. Allan Burton, Simpson's chairman, said there are much uncertainties pertaining to the proposed offer.
      NYT  -  256 words
    • Article
      Kennecott may look for new chairman elsewhere
      300 9 THE BOARD of the troubled Kennecott Copper Corporation is expected to discuss the appointment of a new chairman and chief executive following a change in the retirement plans of the cwrreiu inimhmt. Mr. 'TCaaroJ. reaches retiiqrncnv «ge 1 in January, he had i*te«Je<i
      300 words
    • Article
      Lock icon High Voltage gets deal
      62 9 Reuter HIGH Voltage Engineering Corp said it received a US$5.2 million contract from the China National Technical Import Corp in Peking. The contract is for the purchase and installation of a 13 million volt atomic particle accelerator and calls for delivery in 30 months, the company
      Reuter  -  62 words
    • Article
      Interpublic group reaches accord to buy SSC and B
      253 9 THE INTERPUBLIC Group of Companies Inc. announced that agreement in principle has been reached to purchase SSC and B Inc. and its 49 per cent interest in SSC and B Lintas International, and subject to certain conditions still to be fulfilled,
      253 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      89 9 •^M5fi§*SS£UN INTERNATIONAL FREIGHT FORWARDERS invites applicants to join our fast moving team SALES EXECUTIVES 2 positions (one Japanese speaking) to be filled by high powered individuals, male or female, with proven record of effective cargo canvassing. Minimum Full School Leaving Certificate and valid D/L FORWARDING EXECUTIVES Minimum 3 years of
      89 words
    • Advertisement
      Page 9 Advertisements Column 2
      146 9 u Total Poker is a book forvjgg it's as good as having four acas up your*sleeva. David Spanrer dtedfty analyses modern play and modern players* witban rn-depth examination of the tactics, techniques, bluffs and skills necessary for success at poker. The book gives a brilliant rundown of the history of
      146 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      911 10 BID »nd offer prices officially luted and business in and reported to tbe Stock. Enhance of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett". Big Board deal
      911 words
    • Article
      Government bonds
      230 10 1/2% l/VSS (290,000) (W. 438 99.608) 4 M/ 4* IVWM (290,000) (M.SOB 100.008) «%Tr»/W» (390,000) (100.JSB (tao W) WOMB)** (,40 000) (UW.TOB t/4% IV4/W (290,000) (100.SOB) T 1/4* |fytl (290.000) (100.79B) (,8o ooo, <yaw«tr (ttoooo) (,>OOO0 > 1/4% T P 1/1/17 (250 OOO) (100.208 100.308) 1/4% T F
      230 words
  • Article
    SHARE INFORMATION SERVICE
    2461 10 1978 High Low Company Last Sale +orGr't Div Div C'vr Gr'i Net Y'ld P/E VoK Day ('000) High Low SECTION ONE INDUSTRIALS 272 238 k 178 219 275 111 276 326 245 •--660 132 Acma 123* Alcom 107 Allied Choc 133 BAT 195* Bata 59 Ben 162
    2,461 words
  • Article
    Unit trusts
    142 10 HNGATOUE UNIT TBI m income wff Dtmn f (Ikafn' frtaaa Mr Nw The Commerce 1M '«> 113 Income Bond UT The Saving Fund LS 1.31 Spar* Prof Fund 0J» O.M S pore See. Fund 1M 1.74 S pore Invest Find 1.11 LS MiliWlOTO liiVND (■■wpn* frtaaa tor Mm
    142 words
  • Article
    In Kuala Lumpur
    1742 10 BID and offer prices officially luted and bualnesa in an< reported to the Kuala Lumpui Stock Exchanfe yesterday wiu the number of shares trade< shown In brackets in lota of 1,001 unite unless otherwise specified INDUSTRIALS A J mama t a <2 MB) (2) 2 67. AIM*
    1,742 words
  • Article, Illustration
    Market turns steady but no sign of the bulls
    443 10 HOTEL GRAND CENftet hut Standy market UMhSMtaTWe of tke market wkere only fm4j Ms are allowed, tktotkMaeweamcraftke 81.18 and sf 81-88 Mm ~*~ririe| •eMvlty set la and hreagkt If to a law of 81.44 tie Km when the fManUmarket was at
    443 words
  • Article
    Prices close steadier as buyers emerge
    529 10 BUYERS re-emerged on the Kuala Lumpur Stock market yesterday and prices cloaed steadier in light selective trading. The trend in the morning session was at best barely steady to Arm. However, after the lunch break, fresh buying were noted among the betterbased stocks which
    529 words
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  • COMPANY NEWS
    • Article
      Lock icon Harcros to take over Sabah Timber
      133 11 Reuter HABBIBONS AND Crtitiell Ltd aad Sabah Timber Ce Ltd ■aid agreemeat has heea reached to make Sahah Timber a wheUy-eww^Harrt-Harrissas, which held* SI per ceat ef Sahah Timber's shares, said It will sffer eae s( Its ewa shares (er every sevea Sahah Timber
      Reuter  -  133 words
    • Article, Illustration
      Nanyang reports best ever results
      806 11  -  By ANTHONY TAN BEST EVER results turned in by Nanyang Press have prompted its directors to recommend a maiden dividend of 6 per cent in respect of the year ended July 31, 1978. The company, publisher of Nanyang Siang Pao, has Just reported pre-tax profits
      806 words
    • Article, Illustration
      Big boost for Gopeng Con
      450 11 ALTHOUGH output of both tin and rubber fell at Gopeng Consolidated, estimated group profit before tax and exchange adjustments for the year ended Sept. 30, 1978, taken together with exchange adjustment, rose 18 per cent to £2.885 million (5H2.4 million) because of the higher average
      450 words
    • Article
      BROOKLANDS' FUTURE UNDER DISCUSSION
      292 11 THE CHAIRMAN of Plantation Holdings (PH), Mr S.W. Livesey, announced that discussions are taking place regarding the future of Brooklands Estate in the context of a gazetting order issued in May 1975 for its compulsory acquisition. In a letter to shareholders this week, the chairman of
      292 words
    • Article, Illustration
      Sime places great hope on China as a high-flyer
      684 11  -  By SUSAN BEVAN THE APPOINTMENT of Slme Darby deputy chief executive Tunku Dato Ahmad bin Tunku Yahaya as chairman of the important Hongkong subsidiary, China Engineers Holdings and its subsidiary Arooy Canning, puts him at the head of two important growth
      684 words
    • Article
      Loan agreement
      51 11 EAST ASIATIC Company (M) Berhad has concluded an agreement with Pertaman Baring Sanwa to borrow $10,000,000 for eight years with a five-year grace period. > In a letter to the KLSE, the bank srtd that the loan is for the financing of the purchaae of The River Estates
      51 words
    • Article
      SES informed
      43 11 PAN-ELECTRIC Industries has informed the Stock Exchange of Singapore that Seico (Malaysia) Sdn. has ceased to be a subsidiary of the company on Nov 15 following the sale of 740,000 shares of $1 each at MfLl* per share to Pegl Malaysia
      43 words
    • Article
      DIVIDENDS ANNOUNCED
      501 11 C«rwt» %x Book* Payacat D4ta CIom -I i Mootakkb 11*1 Nov 8 Nov IS Rotk»aoa 20* Oct 16 Oct 18 K.Guaa Floor 15*(b) Oct SI Nov 7 N 8»r«dik 5*1 NovS Nov 15 Bo»U 10% Oct 12 Oct 84 Cooaploot 81.% Oct 12 OctM 12% Oct 12 Oct
      501 words
    • Article
      SCRIP ISSUE
      163 11 Company Particular* Ex Date Book* Cloae C Sugar* Mia 8n Rahman Hydraulic Synthetic RmIm Fe4.Cabl«i P. Product* Setroa S'pore La ad Bonus Issue of 1 (or 4 Bonus Issue of 1 for 2 Bonus Issue of 1 for 2 Rights Issue of 2 for 5 6 $1.00 per
      163 words
    • Article
      KL bank takes up stake in Fisa
      148 11 THE DEVELOPMENT and Commercial Runk in Kuala Lumpur has taken up a 15per cent stake in a Hongkong-based international merchant bank which, among other projects, is currently malriwg flnaiwHal plans to raise a USMO-mil-lion (SJBB million) loan for a new hotel in Peking.
      148 words
    • Article
      COMPANY MEETINGS
      261 11 KEMAYAN OU Palm BM: AGM to be held at 5E Fob Chong Building, 68 Jalan Ibrahim, Johor Baru, at 12 noon on Nov 27. ObImiii Malaysia BM: AGM and EOGM to be held at Sungei Way Brewery, Petaling Jaya, Selangor, at 11.00 a.m. on Nov 28. Kaala SMlm
      261 words
    • LATEST RESULTS
      • Article
        CYCLE AND Carriage Bintang Berhad
        61 11 reported profit before tax of (17.874 million for the year ended Sept 30 ($16,978 million). Turnover was $162.09 million ($132,288 million) Profit after taxation for the year was $9,424 million ($8,568 million). A final dividend of 15 per* cent less tax was recommended, making a
        61 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      17 11 ASHOKA TRADERS (PTE) LTD. 119 Hill Street Spore 6 Tel *****5 A *****1 .jhlr (11 HA(,( MIS'
      17 words
    • Advertisement
      Page 11 Advertisements Column 2
      119 11 mm 9r ■i t -r. aa WOLSEY HALL OXFORD >jL ..5 s"\tr: ftffg Mm \r "HI ■w. it. FOULKS LYNCif lowon u <TTr, €S VISAPHONE U*<l THIS COUPON TODAY The Registrar, Federal PuWicetions Home Studies Division, Suite 1307,13 th floor. International Plaze, Anson Road, S'pore 2. Tel: *****83,*****84 Please send
      119 words
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  • Article
    PUB 'earmarks' $1b for service expansion
    598 12 LOWER REVENUE NEXT YEAR By JOHN TAN THE PUBLIC Utilities Board to spend al- i t most $1 billioo next year pfqvisioTi 'ajad setpanswo bf utility servl Th is ajpovtit, however, is lqiwrjban thkt estimated :tor,.t9TB, mainly because of lower capital expenditure on the
    598 words
  • Article
    Filipino $1m gift offer to Singapore
    86 12 A FILIPINO motor company has offered to donate about $1 million worth of vehicles and motors to the Singapore Government. The Government, however, has not shown any indication of accepting them yet. The gift, said sources, includes two tamaraws, a mini-cruiser, a military cruiser
    86 words
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    Lock icon Next quarter Japanese bond issues a record
    472 12 Reuter JAPANESE oversea corporate bond issues approved by the Finance Ministry for this coming January to March total a record US$l.l5 billion equivalent (at current exchange rates), according to securities sources in Tokyo. This total comprises 22 issues in Swiss francs for 1.05
    Reuter  -  472 words
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    Lock icon IATA MEMBERS WILL CUT FARES
    181 12 AFP NEWLY-ELECTED president of, the International Air Transport Association, Mr Roman Cruz Jr, predicts that tfie 108 lata member-airlines would reduce their air fares soon. "The trend nowadays is for lower air fares benefit the low-iritoyne travellers. This is about by the financial viability of
    AFP  -  181 words
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    Carter bonds excite local finance houses
    548 12  -  ■y SOH TIANG KENG SINGAPORE financial institutions are keen to take part in a massive US$lO billion (about Ss22 billion) bond which the US Government plans to float in Europe soon as part of its dollar defence package. American financial circles here think there
    548 words
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    Lock icon Indian trade deficit
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    UPI  -  105 words
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    703 words
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    Peking formula for ties with America
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    147 words
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    124 words
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    Lock icon Foreign panel to study KL growth issues
    222 12 AFP MEMBERS of the Independent Commission on International Development Issues arrived in Kuala Lumpur yesterday to attend the fifth meeting of the commission and study problems peculiar to the overall Malaysian development experience. Former British Premier, Mr. Edward Heath, a member of the
    AFP  -  222 words
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    Reuter  -  164 words
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