The Business Times, 23 November 1977
1977-11-23
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The Business Times
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Title Section10 1977-11-23 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, NOVEMBER 23, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article70 1977-11-23 1 UPI. WASHINGTON, Tues. The cost of living In the United States rose 0.3 per cent in October for the fourth consecutive month of moderate consumer inflation, the Labour Department reported today. But prices for new cars and petrol increased sharply. The slowing of Inflation combined with pay increases– UPI. - 70 words
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Article67 1977-11-23 1 AP BRUSSELS, Tues. Britain's Secretary for Trade Edmund Dell warned today that a serious situation would arise if the United States set minimum prices for steel so low as to reduce imports to a level that West Europeans cannot accept. "It would have very wide effectsAP - 67 words
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Article55 1977-11-23 1 Reuter JAKARTA, Tues. President Suharto today stepped up Indonesia's current campaign against graft and bribery in government and administration by ordering investigations into the private properties of high-ranking officials. The Minister for Cabinet Affairs, General Sudharmono, said the investigations would include the governors of the country's 27 provincesReuter - 55 words
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Article45 1977-11-23 1 Reuter LONDON, Tues. Britain's unemployment figure has fallen for the third consecutive month. It fell by 19,242 in October to 1,499,094, or 6.4 per cent of the workforce. Last August unemployment in Britain reached a post-war record figure of 1,536,000. Reuter.Reuter - 45 words
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Article34 1977-11-23 1 Reuter JAKARTA, Tues. Indonesian Trade Minister Radius Prawlro said today Japan was prepared to expand its general system of preference (GSP) facilities to developing countries, especially members of Asean. ReuterReuter - 34 words
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Article77 1977-11-23 1 UPI TOKYO, Tues. Owners of a Singapore freighter, which was destroyed by fire last year, filed a US$9OO,OOO (552.2 million) damage suit today against a Japanese dockyard that went bankrupt. Universal Seaways Private Ltd. of Singapore claimed at the Kobe district court that Kanawa Dockyard Co. of HiroshimaUPI - 77 words
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Article70 1977-11-23 1 UPI NEW YORK, Tues. Stocks headed higher early today, partly In response to the government's report that October's consumer price Index rose only a modest 0.3 per cent. Trading was fairly active. The Dow Jones Industrial average was ahead HIP 01 t0 838 62 shortly before 11 am.UPI - 70 words
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Chief Price Changes
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Article, Illustration187 1977-11-23 1 A FEW firm spots were noted in generally mixed and irregular trading on the Stock Exchange of Singapore yesterday. Trading got off to a slow start with a tendency to ease but improved selectively later in the The Business Times index rose 4.67 points to a new187 words
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Article114 1977-11-23 1 Rites Most active C&stlefleld 7.55 .25 O. Lumber 135.000 S. Dredge 5.05 .15 Pan Electric 116.000 NST 5.05 .15 Dunlop Est. 103,000 COM 4.12 .10 O. Ceramics 102 non Petaling 8.20 .10 Total Turnover: 1.75 M Berjuntal 7.40 +.10 Toul Value: MS3 32 M Rahman Hyd 4.14114 words
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Article1070 1977-11-23 1 SEVEN-POINT PLAN TO CUT SURPLUS TOKYO, Tues. Japanese Prime Minister Takeo Fukuda apparently bowed to US demands when he gave his Cabinet until the end of the month to work out ways of implementing a seven-point programme to reduce Japan's huge current account surplus. The1,070 words
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Article255 1977-11-23 1 JAPAN'S failure so far to reach concrete agreement in trade talks with the US Rivers mission was cited as the main leason for the US dollar's slump to a record low of 241.30 yen on the Tokyo foreign exchange market yesterday. Only the Bank255 words
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930 1977-11-23 1 SOH TIANG KENG - By SOH TIANG KENG THE NEW Monetary Authority of Singapore (MAS) swap facility has got off to a flying start altogether, 20 banks applied for the facility, but only seven *ot the nod from the MAS. on the basis of their tender bids. The successful930 words
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Article260 1977-11-23 1 LONDON, Tues. The world shipbuilding crisis deepened further in the third quarter of this year with the new order Intake only half that of output while the total order book was the worst since June 1968. Lloyd's register of shipping also revealed that new orders during the first260 words
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Article104 1977-11-23 1 Reuter MANILA. Tues. The Thai government is calling a contractual bidding for the supplies of agricultural chemicals and equipment on Dec 7 and 8 this year. The Department of trade said today that the Thai Department of Agriculture Extension, which is conducting the competitive bidding, is InvitingReuter - 104 words
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307 1977-11-23 1 CANBERRA. Tues. Australia is to step up sharply its restrictions on clothing, textile and footwear imports to protect its ailing domestic industries, Australian Industry Minister, Mr. Robert Cotton, announced. The clampdown, which will severely hit Singapore and other South-east Asian exports to Australia,307 words
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393 1977-11-23 1 TERESA LIM - By TERESA LIM THE NEXT offering in the Asia dollar market is to be a US$l5 million convertible bond issue for the Japanese group, Settsu Paperboard Manufacturing. Telex invitations went out yesterday to underwriters from lead managers Daiwa Securities who are rapidly establishing themselves393 words
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Article140 1977-11-23 1 UPI NEW YORK. Tues. Air France and British Airways Concorde supersonic Jets landed at Jiennedy airport today, starting regular passenger service Into the lucrative New York market. The jets flew in one behind the other, with the Air France Concorde touching down first, followed by theUPI - 140 words
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Page 1 Advertisements
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Advertisement66 1977-11-23 1 whatever you need in menswear,get Hat... MOHAN'S DEPT. STORE (PTEJ LTD. 321, Orchard Road lei *****22 (next to Mandarin Hotel) Branch: 101, langNn Shopping C«nU« *****40 Daily 9am-9pm INSIDE Oveneu News/ TV A Radio .P2 Overseas News/ Crosswords -P3 Local Co. News -P4 International Co. News -P5 Local Stocks -PS66 words
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Advertisement41 1977-11-23 1 SEE BACK PAGE TweHPae SIX-MEN SKID MOUNTED BUNK HOUSES NOW AVAILABLE EX-STOCK ALSO FULLY FURNISHED TWO BEDROOM UNIT INCLUDING BATHROOM, ETC. BEAUTIFULLY FINISHED. INTERFAB PRIVATE LTD A l: Hr. jI H i.r. 24 Jurong Port Road Jurong Singcipore 22 Tel *****1141 words
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Advertisement197 1977-11-23 1 Gas has got a o ew flame Olivetti Logos. Once you try it, your calculator just won't do. Olivetti Logos: A range of calculators designed to do more hard calculating work than most machines. There's the new Logos 42a that comes with a well-designed keyboard for fast, easy operation. The197 words
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OVERSEAS
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Article477 1977-11-23 2 AP WASHINGTON, Tues. The Comptroller of the Currency Is preparing to crack down on Insiders who get bank loans on preferential terms. The new tough policy will probably include a requirement for restitution to the bank of the Income lost on insider loans. The new policyAP - 477 words
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189 1977-11-23 2 AP WASHINGTON, Tues. The Soviet Union has continued its latest round of US grain buying started a week ago with an additional purchase of 500,000 tonnes of wheat and corn. The US Agriculture Department said yesterday the sales, by unidentified {>rlvate export companies, ncludedAP - 189 words
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Article116 1977-11-23 2 AFP WASHINGTON, Tuea. The International Monetary Fund (IMF) has announced that it will carry out a second reimbursement of (old to members next month. Hie Fund plans to return 25 million ounces to member countries over a four-year period, during which it is also auctioning anotherAFP - 116 words
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Article38 1977-11-23 2 Reuter ROME, Tues. Italy's gross domestic product rose 2.8 per cent In the second quarter this year, compared with the year-ago period, after a 4.9 per cent Increase In the first quarter, the Statistics Institute said.Reuter - 38 words
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740 1977-11-23 2 Reuter LONDON, Tues. Somewhere in Britain a High Court Judge is leafing through three million words of testimony, trying to reach a decision on the future of this country's nuclear Industry. Looking over Judge Roger Parker's shoulder an Intensely Interested in the report heReuter - 740 words
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Article145 1977-11-23 2 UPI BUENOS AIRES, Tues. Argentina's top nuclear official said his country Is capable of building an atomic bomb but has no political or economic reasons for doing do. "Argentina has the human and technical capability to produce an atomic bomb but lacks political and economic reasons in- ternalUPI - 145 words
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474 1977-11-23 2 AP AFP COPENHAGEN. Tues. Recent test drillings have more than doubled the known uranium deposits in southern Greenland to 15,700 tonnes. Estimated reserves total at least 10,000 tonnes. But no decision on mining is expected until after further explorations'and cost-price analyses over theAP; AFP - 474 words
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Article179 1977-11-23 2 UPI NEW YORK, Tues. The next time you have a cup of coffee, drink to the health of Marshal Idi Amin. You may be helping to keep him In power. Mr. Thomas Melady, the last US ambassador to Uganda, said yesterday the Ugandan dictator IsUPI - 179 words
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1103 1977-11-23 2 WASHINGTON, Tues. The Department of Health, Education and Welfare (HEW) is mounting what could be the largest single assault on white-collar crime In the nation with a series of drives aimed at frauds In two everexpanding Federal health programmes that now cost UBs47 billion1,103 words
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430 1977-11-23 2 Reuter GENEVA, Tues. Government experts from about 50 countries are studying a report on the feasibility of schemes for stabilising the volatile world copper market. Conference sources said the report, drafted by a US consultant firm, Charles River Associates Inc of Cambridge, Massachusetts, analysedReuter - 430 words
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427 1977-11-23 2 NYT WASHINGTON. Tues. After five weeks of slowmoving open conference sessions on energy legislation, private meetings among administration officials and leading congressional conferees were expected to produce significant progress this week. Representative Thomas Ashley, chairman of the House ad hoc energy committee, said that,NYT - 427 words
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245 1977-11-23 2 AP MONTREAL, Tues. City authorities yesterday shut down Its transit system because of "act of sabotage'' and about one million Montreal bus and subway commuters had to find alternative transport. City transit chief Lawrence Hanlgan told a news conference he ordered the closing at mid-afternoonAP - 245 words
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282 1977-11-23 3 AP DAYTON (Ohio), Tues. A trial which will decide whether a Japanese car manufacturer has infringed upon the patent rights of General Motors began here yesterday In the U8 district court. Toyota Motor Is pitted against the General Motors In a dispute over anAP - 282 words
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111 1977-11-23 3 AFP WASHINGTON, Tues. Iran will need 16 per cent more capital goods by 1980. The US Department of Commerce yesterday estimated the goods will cost UBsl3 billion ($3l billion) at the end of the decade. A department study showea that the most promising sectorsAFP - 111 words
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Article60 1977-11-23 3 Reuter BRUSSELS, Tues. Bel--Bum's unemployed rose to 16,362 at mid-November from 272,622 at end-Octo-ber and 244,312 at mid-No-vember 1976, Employment Minister Guy Spltaels said. This represents 7.1 per cent of the working population against 6.8 per cent at end-September, with the sharp November rise caused byReuter - 60 words
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806 1977-11-23 3 Reuter WASHINGTON, Tues. The need for a new economic summit early next year to try to get West Germany and Japan share more of the load In helping the US sustain the global economic recovery Is growing. Informed sources said the US will beReuter - 806 words
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456 1977-11-23 3 Reuter LONDON, Tues. British ministers and officials are concerned that IMF officials, who started an examination with the Treasury of Britain's financial position, may overestimate the strength of the country's recovery. Treasury officials said they fear this could lead to demands for prematureReuter - 456 words
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Article409 1977-11-23 3 Reuter BRUSSELS, Tues. The right political and economic conditions do not exist to reach economic and monetary union (EMU) In the EEC. German Economics Minister Otto Graf Lambsdorff commenting on the Common Market Commission's plans for a five-year programme to re-launch EMU, said heReuter - 409 words
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Article169 1977-11-23 3 Reuter VALETTA, Tues. The Libyan Jamahlrlyah la poised to funnel aid Into Malta If talks with European countries over the Island's future failed, Premier Dom Mlntoff told Parliament last night. He said Libya was ready to sign economic and defence agreements with Malta,Reuter - 169 words
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Article134 1977-11-23 3 Reuter ROME, Tues. Two Bank of Rome managers resigned yesterday after being told they were under investigation for withholding Information concerning the collapse of a private bank In The state holding company, IRI, which controls Banco De Roma, last night accepted the resignation ofReuter - 134 words
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111 1977-11-23 3 AFP MOSCOW, Tues. British banks Morgan Qrenfell and the Bank of Scotland will be represented in Moscow from now on under an agreement concluded here. Tass news agency said their Interests will be looked after by the Narodny Bank of London which recently opened aAFP - 111 words
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372 1977-11-23 3 Reuter CHICAGO, Tues. First National Bank of Chicago expects short and lone-term interest rates will move upward next year. Vice-president Nicholas de Leonardis said shortterm money market rates will be from one to 1 1/2 percentage points higher than present levels by endReuter - 372 words
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1044 1977-11-23 3 NYT Reuter PARIS, Tues. The Carter administration expressed its concern yesterday at the danger of a further slowdown in the world economy next year, which would threaten internationallyagreed plans for pulling the industrialised nations out of the current recession. But once again West Oermany andNYT; Reuter - 1,044 words
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Article139 1977-11-23 3 WASHINGTON, Tues. New durable goods orders received by US manufacturers rose US$3.2 billion (557.6 billion), or 5.4 per cent, to a seasonally adJusted $62.26 billion in October. The Commerce Department said the lncfease compared with a 1.3 per cent rise In September and was the largest139 words
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Page 2 Advertisements
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Advertisement168 1977-11-23 2 Our calculators won't add anxieties. That's important. Anxieties about office machines can make the office efficiency lower. And profits. Olympia Calculators don't require doublechecking. And because readings are always done with ease and accuracy, you can trust them. They are from, afterall, one of the world's largest and most reputable168 words
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Page 2 Miscellaneous
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Miscellaneous268 1977-11-23 2 t> a mo M XvJTjL 1J 06 SINGAPORE 5 3.00 PM Opening followed by Classic Keystone Comedy Capers 3.25 Diary of Events (Malay) 3.30 A Venezia (Repeat) 3.55 Stars In Action On The Nose 4.20 Intermission 6.05 Opening followed by Electric Company 6.30 News In Brief 6.35 Last of the268 words
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Miscellaneous52 1977-11-23 2 WEATHER WEATHER report for 24 hours prior to 7.30 pm on Nov 22 at Singapore airport. Maximum Temperature 29 2°C Associated Humidity gj Minimum Temperature 23.*7° C Associated Humidity 97 Hours of Sunshine "*2 3 Rainfall in Millimetres 2.1 Total Rainfall for the Month [30s Total Rainy Days for the52 words
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Page 3 Advertisements
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Advertisement226 1977-11-23 3 >j? *t r*r or* «V 'l \V r/y> 'tw f *i f Wf V lV*& ♦Mill r;v>ffl v* r »U' jm~/ >*fr 4 > ■a 7 i! S n n r» •0 ftj jL 4 w t A s; The Biggest Difference Is In The Bill All the good things226 words
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Page 3 Miscellaneous
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Miscellaneous596 1977-11-23 3 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 It's cut and dried (5) Some cheap, plentiful fruit (5). Pood and drink (7) 19 A bit of a catastrophe for the barber (5) It King surrounded by Anglo Saxons? (5) 12 If transatlantic, It's New (5) 13 It comes at the end596 words
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COMPANY NEWS
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Article806 1977-11-23 4 SOVRAN'S NEW INVESTMENTS AN UNDISCLOSED portion of shareholders' funds invested by Sovran Industries In two of its subsidiaries will not contribute to the company's earnings until the two properties owned by the subsidiaries are developed. Chairman Mr Quek Leng Chan says In the company's806 words
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Article348 1977-11-23 4 Current Ex Date Total for Total for payment Date payable the year previous year HK Land 2.4%1 Oct 19 Nov 24 2.4% 6.6% Con Plant 85% Oct 14 Nov 25 120% 80% Malayan Banking 11*% Nov 7 Nov 26 17W% 17V»% Oriental 6%I Nov 6 Nov 30 6%348 words
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COMPANY MEETINGS
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Article22 1977-11-23 4 THE following company meetings are due: Nov 24 at 3.00 p.m. at 19th floor, OCBC Centre, Chulla Street, Singapore.22 words
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Article18 1977-11-23 4 Nov 26 at noon at SE, Foh Chong Building, 66 Jalan Ibrahim. Johor Baru.18 words
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Article17 1977-11-23 4 Nov 26 at 12.30 p.m. at the company's office at Tasek Industrial Estate, Ipoh.17 words
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Article17 1977-11-23 4 Nov 28 at its registered office, 92 Jalan Bandar, Kuala Lumpur, Malaysia at 12 noon.17 words
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15 1977-11-23 4 Nov 26 at 10.00 a.m. at No. 6, Tambun Road, Ipoh.15 words
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Article14 1977-11-23 4 Nov 26 at 6, Tambun Road, Ipoh at 11 a.m.14 words
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699 1977-11-23 4 SOUTHERN Malayan Tin Dredging of the London Tin (and now N>w Tradewinds) stable Is rated as a share offering "outstanding value" as an Investment In the Malaysian tin mining sector by stockbrokers Laurence Prust. The London brokers, which has an office In Kuala Lumpur,699 words
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Article35 1977-11-23 4 TIMES Publlshlng's wholly-owned subsidiary, Far East Publications Ltd, has acquired 37,333 "A" shares of HKSIO each In the Far East Trade Press Ltd and now owns 67 per cent of Its Issued capital.35 words
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Article1242 1977-11-23 4 RIDINO on a 45 per cent Increase In deposits, Malayan Banking is re-exerting Its claim as the largest bank In Malaysia. At the end of June 1977, the bank had assets of M 53.4 billion and deposits of $2.6 billion while the group's assets totalled $3.91,242 words
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Article849 1977-11-23 4 FT LONDON: Nearly all the giant steelmaklng companies of the Western world are losing money. Their furnaces and mills are working at only a fraction of possible production capacity because the International market for steel is so bad. In September the world was buying 5 perFT - 849 words
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Article1311 1977-11-23 4 November 21 TRADING on the Chicago Board Options Exchange came to 84,607 contracts compared with 114,458 contracts on Friday. OPTION JAN APL JLY STOCK Alcoa 40 33/4 UNTRD UNTRD 431/8 Alcoa 45 1I/S 3 3 43 1/8 Alcoa SO 1/4 3/4 NOL 431/8 Alcoa 80 UNTRD UNTRD1,311 words
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Article121 1977-11-23 4 Reuter TOKYO: Honda Motor Co said its U8 distributor, American Honda Motor Co will raise the prices of 1978 model Honda passenger cars by an average of 3.9 per cent compared with last year's models following the yen's sharp appreciation •gainst the dollar Unless the yen stabilisesReuter - 121 words
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Article95 1977-11-23 4 Reuter LONDON: Tube Investment* said 1U joint venture in the UK with the Oeneral Electric Co of the U8 will be expanded to include all of Its Industrial electric division. The companies being transferred are valued at around £5 million and Tube will receive about half of thisReuter - 95 words
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Page 4 Advertisements
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Advertisement230 1977-11-23 4 THE HAMLYN PICTORIAL ATLAS OF THE WORLD A modern and comprehensive atlas has become indispensable both to students of geography and to general readers who want to understand the new economic and political shape of the world. Here, for the first time, a concise fascinating and authoritative text, illustrated with230 words
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INTERNATIONAL COMPANY NEWS
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233 1977-11-23 5 EUROPEAN COMPANIES FT WITH the Inclusion of the results of the recently acquired Calgon Consumer Products business in the US and Canada, taxable profits of Beecham group expanded from a restated £59.4 million to £70.6 million for the six months to Sept 30. 1977. ForFT - 233 words
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Article75 1977-11-23 5 Reuter THE Belgian state housing financing body. Ste National du Logement (SNL), will float an 8 3 4 per cent BVa year loan on the domestic market early next month for an expected maximum 18 billion francs. A finance ministry official said the state-gua-ranteed loan willReuter - 75 words
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842 1977-11-23 5 FT INCLUDING a £1.5 million release from provisions, merchant banker Keyser Ullmann reports a taxable profit of £1.52 million for the half-year to Sept 30, 1977, compared with a loss of £6.16 million last time, on turnover down from £4.26 million to £3.22FT - 842 words
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Article130 1977-11-23 5 FT REPORTING an advance In revenue from £309,200 to 1670,462 for the half-year to Sept 30. 1977, subject to tax of £229,319 compared with £110.004, the directors of Harcros Investment Trust forecast an Increase of some 50 per cent In post tax revenue for the full year. ForFT - 130 words
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Article83 1977-11-23 5 NORTH AMERICAN COMPANIES Reuter FORD Motor announced It is recalling about 10,000 cars that might start when the automatic transmission is in "drive" rather than "neutral." The recall Involves 1977 models of the Mercury, Ltd 11. Courgar, Granada, Monarch, Thunderbird, Versailles, Lincoln and Mark V, andReuter - 83 words
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Article266 1977-11-23 5 Reuter FEW US companies anticipate problems in raising the funds they need over the next three years because of greater reliance on internal financing, a Conference Board study shows. The study, based on a SSShS! JnfSggg tions, said one major reason for the greater useReuter - 266 words
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Article198 1977-11-23 5 Reuter SEARS Roebuck and Co, the world's largest retailer, has reported a sharp 41 per cent Increase In third quarter profits. Sears said its profits for the quarter ended Oct 31, 1977 totalled $225.43 million (71 cents a share), up from $159.53 million (50 cents) InReuter - 198 words
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Article160 1977-11-23 5 Reuter ABOUT 15 people who said they were on strike against a Unlroyal rubber recycling plant in Montreal staged a peaceful sit-in at the company's offices In New York. A spokesman for the protesters said they had been on strike against a Unlroyal rubber recycling plantReuter - 160 words
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371 1977-11-23 5 ASIAN COMPANIES REFLECTING a record Increase in passenger traffic volume, Japan's two major airlines, Japan Air Lines (JAL) and All Nippon Airways (ANA) have both turned in remarkably Improved profit performances for the six months ended Sept 30, 1977. Japan Air Lines, the national flag371 words
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Article120 1977-11-23 5 Reuter HUTCHISON international has sold its minority interest In Modern Terminals for HKS33 million cash giving rise to an extraordlnary profit of $27 million. Hutchison declined to say who bought the 11 per cent stake, and a spokesman noted that the document giving terms for the proposedReuter - 120 words
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Article86 1977-11-23 5 Reuter MITSUBISHI Heavy Industries Ltd and Mitsubishi Corp said they reached basic agreement with Burma to export an oil renning plant worth 30 billion yen by around 1980. A formal contract for the Dlant, with a refining capacity of 25,000 barrels a day, would be signed in RangoonReuter - 86 words
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132 1977-11-23 5 Reuter SCM Corp has agreed to buy a Glascow typewriter plant from Italy's Olivetti Company and to produce portable machines for Olivetti. SCM did not say how much it would pay for the Olivetti factory. It also acquired the right to manufacture andReuter - 132 words
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Article99 1977-11-23 5 Reuter FALCON BRIDGE Nickel Mines has decided not to declare a dividend for the 1977 fourth quarter. The decision was made in view of current depressed nickel market conditions, heavy capital expenditures on the smelter, an environmental improvement project in Sudbury and the financial strain involvedReuter - 99 words
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Article69 1977-11-23 5 A SYNDICATE managed by Morgan Stanley and Co said it Is offering $125 million of Commonwealth of Australia bonds due on Dec 1, 1984 at par with an 8* per cent coupon, and $100 million of bonds due on Dec 1. 1997 at 89.78 with an 8% per69 words
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Article609 1977-11-23 5 FT WITH results for the latest half-year business term out from Just over half the companies quoted on the Tokyo Stock Exchange, it Is already clear that oroflts In Japanese Industry have slumped badly. A survey by Waico Securities Company of the 499 companiesFT - 609 words
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Article506 1977-11-23 5 FT JAPAN'S four major securities houses, Nomura. Nlkko, Daiwa and Yamalchl, posted record profits foi the year ended September 1977. Despite major fluctuation in stock prices, the average dally turnover on the Tokyo Stock Exchange topped 254 million shares during the fiscal year, a solid advance on theFT - 506 words
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Article93 1977-11-23 5 Reuter HONGKONG'S four stock exchanges have reached agreement on unification with one trading floor, hopefully by early 1980. A Securities Commission spokesman said the decision was reached at a regular meeting of the working party on unification. Earlier this month, financial Secretary Philip Haddon-Cave saidReuter - 93 words
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Article25 1977-11-23 5 Reuter TOYOTA Motor Co said It is negotiating with General Electric Co of the US to buy about 10,000 sealed beams a month. Keuter.Reuter - 25 words
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Page 5 Advertisements
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Advertisement172 1977-11-23 5 In Singapore there is an inn Which has an old-world pattern; The London Steak House is its name And it's a first-rate tavern The meals it serves melt in the mouth. The wines are fine and mellow. The atmosphere is companionable I And all the patrons know nul That Fosters172 words
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Advertisement322 1977-11-23 5 Slow boat CHINA TRADE QUARTERLY BT Far East Publications g j 1913, Hanglung Centre, Paterson Street, Causeway Bay. Hong Kong. Please enter my full subscription to China Trade Quarterly. I am enclosing a cheque/money order for US$2OO.OO or equivalent in other currencies. I Please forward issue(s) of China Trade Quarterly322 words
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Article2334 1977-11-23 6 itn High harm Coapaay Last Sale +«rQr't div Dhr c'rr Or* Net v'ld P/E V®1 Day ('000) Hfcfc Low SECTION ONE INDUSTRIALS 154 204 110 244 88* 205 160 248 418 148 134 165 58 212 57» 155 152 182 350 91 Acma Alcorn Allied Choc Bata2,334 words
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Article1307 1977-11-23 6 BID ui offer priew iffiftoß? listed mad buaiaees la ud npiHi< U the Stock Bwtoi|» af mappar* yeiurdiy with the iaik« af ■htm traded akm to to atlata to tote at 1,000 units unless etharwtee specified. All Tim* gnUwiwt Ca«tracts ara quoted after the ward "Sett." Big1,307 words
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Article1490 1977-11-23 6 BID and offer price* officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of thare* traded shown in bracket* in lots of 1,000 unita unleaa otherwise specified. INDUSTRIAL* AJinemet* <2 X2B 2 308). Alsam 11.743). Alas. H*ld (0 998).1,490 words
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Article76 1977-11-23 6 STRIKING prices of the •tock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. OUB (Dec $2.60) (0.078 0.09S)(10) 0.09 (Mar $2.60) (0.158 0.175) Sime Darby (Mar $3.40) (0.215)76 words
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Article144 1977-11-23 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Muipn prtoa far Not 23) (Curort pi ricaa) The Commerce 1.78 1.89 INCOME BOND 1.08 1.14 The Saving Fund 1.06 1.12 MARA BUMIPUTRA FUND S pore Prof Fund 0.85 0 00 (Maaagan' prices far Nov 23) S pore Security 1.63 1.73 First144 words
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Article100 1977-11-23 6 Rep Spore D Mark 7% IM2 (100.000) (101%.8 102HS) Hep Spore C 1/2% 1983 (100,000) (100T4B 101HS) Rep Spore 7 3/4% I*B7 (100,000) (99H8 100SS) 4 3/4% 1/3/79 (250,000) (100.258 100.458) 5 1/4% IS/10/79 (250.000) (100.MB 101.00S) 4 3/4% 15/9/80 (250,000) (99.10B) 3/4% 1/12/80 (250,000) (103.80B) 5% T100 words
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Article159 1977-11-23 6 B O T 8 1/2% 1961 (100,000) (100V|B 101S) B O T 7 5/8% (100,000) (078 97 SS) L T C B J 1982 (100,000) (tt*B 99 WS) Credit Lyonnaia Floating 1983 (100,000) (97*8 97%5) DBS Convert! 6 1/2% 1991 (100,000) (96V«8 D B S 8 1/2% 1982159 words
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Page 6 Advertisements
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Advertisement176 1977-11-23 6 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who176 words
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Article, Illustration679 1977-11-23 7 A FEW firm spots were noted in generally mixed end irregular condition* on the Stock Eich«n|e of Singapore yesterday. Trading got off to a alow atart with a tendency to eaae but improved selectively later in the day. On balance, industrials flniahed with loeaea a lightly more than679 words
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Article334 1977-11-23 7 MODERATE selling pressure dampened sentiment yesterday and drove prices lower on the Kuala Lumpur Stock Exchange. The market was Initially traded on a barely steady note, but with Insufficient support, prices soon turned easier. Trading was to some extent affected by the bearish Influence of Magnum334 words
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INTERNATIONAL STOCK MARKETS
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Article326 1977-11-23 7 HONGKONG: The market closed mixed In very quiet featureless trading, dealers said. The Hang Seng Index fell marginally to 422.37. Jardine Mathasoa firmed 10 cents to 13.30 and Hongkong Land five to 6.80 while Swire Pacific was steady. Hutchison fell 2.5 to 2.975, Wheeiock 2.5 to 2.425 and Hongkong326 words
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Article496 1977-11-23 7 TOKYO: The market fell sharply to Its lowest level since last December on Increased selling pressure following the yen's sharp rise In Tokyo, dealers said. The Dow Jones average lost 105.49 to close at 4,723.74 with volume of 210 million shares. The new Index was 357.85, down 5.47. The496 words
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Article410 1977-11-23 7 SYDNEY: Share prices feU on a loss of confidence ahead of the Dec 10 general election, dealers said. The Sydney All-Ordinaries lndex fell 3.46 points to 435.88. Among leading Industrials, BHP fell 16 to 5.20 and CBR, TNT and Hooker each fell two. Banks closed steady and In retailers,410 words
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Article167 1977-11-23 7 MANILA: The market recovered slightly with oil and commercial averages higher while minings remained low, dealers said. Turnover fell to 5.84 million pesos from Monday's 7.83 million. Atlas fell six points while Marinduque lost one. Lopaato rose one point but other mining Issues were either unchanged or declined fractionally.167 words
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Article105 1977-11-23 7 nov n Bahts Asia Fibre 204 1* Bangkok Bank 305 418 Bangkok Invest. MS 40 Bangkok-Metro-politan Bank Bala BerliJucker rw Charoong Thai 300 ♦2 Wire Dumex DusltThanl 313 Paber Merlin First Trust 313 +38 Genera Finance Indo-Thal Industrial Finance Corp 2165 +20 J And J Ho Jalaprathan Cement Karnasuta105 words
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Article302 1977-11-23 7 AMSTERDAM: The market eased In reaction to last week's quarterly reports from Dutch Internationals, dealers said. Royal Dutch led the sector 1.20 guilders lower while AKZO fell one guilder. Most transports fell between one and two guilders Banks Insurances trading and Industrial stocks firmed. State loans fell throughout the302 words
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Article194 1977-11-23 7 BRUSSELS: Belgian shares were mixed In slack trading, bourse sources said. They said a last-minute agreement between the Bourse Commission and marking clerks on pay scales averted a strike threat posed for the day by the clerks. Among shares to rise were Vieille Montagne, Cockerill, Clabecq. Hainaut-Sambre and Cometra,194 words
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Article328 1977-11-23 7 FRANKFURT: Most shares eased up to three marks in a technical reaction to recent gains with some operators anticipating a period of consolidation, dealers said. Deutsche Bank shed one mark with the start of its subscription period for Its rights Issue. Commersbaak lost 1.50 and Bayernkjrpo 2.10. Daimler and328 words
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Article161 1977-11-23 7 MILAN: Share prices moved lower in moderate trading and closed generally at the session's lows, dealers said. The synthetic fibres sector was again weak with Montcdiaon, sharply lower at 132 lire against Friday's 15# lire, exerting a strong depressing influence. the sources added. Other leading Industrials were also depressed.161 words
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Article313 1977-11-23 7 PARIS: Share prices fell slightly, dealers said. Pariabas, Carrefour, Buoyguea BP, Chiera- Chatillon, Borei and Moot were weak while Rouaael Uclaf advanced In a mixed chemical sector. US stocks were irregular, Germans well disposed, golds easier, foreign oils steady. NOV 21 Frt CORBEUXE Air Liquide BSNOfrviu I>nn one C8F<ThomsonCsf)313 words
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Article272 1977-11-23 7 ZURICH: The market closed narrowly mixed with a firmer bias after very quiet dealings, dealers said. Among little-changed banks, Bank Leu Improved while Kreditanstalt was barely steady. In flnanclals, variations either way were about balanced. Insurances closed very steady, except for slightly lower Zurich bearer. Industrials followed the general272 words
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Article385 1977-11-23 7 JOHANNESBURG: Oold shares closed mixed after small bouts of afternoon profittaking. dealers said. Prices ranged from losses of 25 cents to gains of 75 cents. Financial minings reflected the trend in producers in quiet dealings. De Beora was three cents easier at 532 after touching 538 earlier. Copper share385 words
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Article306 1977-11-23 7 TORONTO: Share prices, slightly ahead all day, ended on a firm note after another active day's trading. The Composite Index finished 1.6 points higher at 992.5 while volume was 3,565,435 shares against 3,529.799 on Friday. Advances led declines by 234 to 161. OH and gas Issues were among sectors306 words
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Article1083 1977-11-23 7 NEW YORK: Special situaUons were the standout performers In a generally weak and listless stock market on Monday. Analysts noted some concern among Investors that Inflation may have worsened during the month of October. Investor response to Egypt's peace Initiative In the Mideast was modest, although President Sadat's1,083 words
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Article61 1977-11-23 7 FINANCIAL TIMES INDUSTRIALS Monday 475.3 Friday 480.8 Week Ago 400.7 DOW JONES AVERAGE INDUSTRIALS Monday 834.11 Friday 835.70 Week Ago 838.36 LONDON DOLLAR PREMIUM Monday 99W to 99* Friday 98* to 99 H.K. HANG SENG Monday 422.40 Friday 425.51 Week Ago 432.76 SYDNEY INDUSTRIALS Monday 383.18 Friday 386.09 Week61 words
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Advertisement482 1977-11-23 7 For complete banking services, call: hmw National* Da Pan* CaOyar Quay Bank at Amtmkm C tattard Cantra 24 >«NtM Ptact Atia Cammatcia) Banking C+rpn LN 104/104 litlmm taad AM*n-P«»**-4anhAG Banca C—wd* Italian« 9'para thing Kwan Hawaa SkaatM Way rrlTßoi.333> Oankara Truat Ca 904/SOO Ocaaa luilding lnfn D Lladackrna ft Da482 words
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COMMODITY REPORTS AND PRICES
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Article403 1977-11-23 8 THE Singapore rubber market yesterday opened about unchanged following steadier London advices, but later weakened by some two cents on stale bull liquidation, reserve of buyers and Japanese arbitrage selling. Short-covering interest emerged at the lows and prices recovered fractionally towards the morning close. Volume403 words
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Article30 1977-11-23 8 Rubber: Nov 22 Singapore: December 204.00 cents (dowa 1.75 cents) Malaysia: December 204.25 cents (down 1.25 cento) Tin: 11,735 (down $45) Official offering: 305 tonnes (up 120 tonne*)30 words
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Article316 1977-11-23 8 r A S 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. 203 25 204.25N 203.50 204.50N Int. 1 R.S.S. Dec 1977 203.75 204.00 204.00 204 50 Int. 1 R.S.S Jan 1978 205 00316 words
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Article115 1977-11-23 8 NOON SSR and SMR prices yesterday: RAN December January (Current Mth) (Forwi ird Mth) Buyer* (cental Seller* lerkc) Buyer* (centi Seller* i per kg) SSR 20 <1 —ton pallet) 198 50 200 50N 199 50 201 50N SSR 50 (1 —ton pallet) 196 00 198 00N 197.00115 words
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Article361 1977-11-23 8 HONGKONG, Tues. Trading In sugar futures was dull and featureless in a reduced turnover, on lack of fresh news in the physical market, dealers said. Prices were firmer throughout the day, in line with the overnight trend In New York, with gains ranging from US0.03 to 0.10 cents.361 words
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Article449 1977-11-23 8 TRADING remained quiet at the Singapore produce market yesterday. The trend was generally mixed with copra enjoying a better demand than the rest of the commodities. This commodity again moved In unison with the better conditions In overseas markets. Philippines' copra and coconut oil were marked up $10449 words
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Article306 1977-11-23 8 LONDON, Tues. Coffee futures opened £15 per tonne higher to unchanged with 289 lots traded. The official tone was "barely steady." Dealers said trade and commission house buying featured early dealings but gains mostly reflected Monday's New York firmness and weaker sterling this morning. Coffee futures closed the morning306 words
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Article72 1977-11-23 8 C.I.F. Rotterdam. US dollars per ton. LONDON: Monday Previou* Malaysia 5% ffa bulk Jan/Apl 455 Sir 440 sir Sumatra 5* ffa Nov 500 sir 400 pd Dec 405 sir 4574 sir Jan 400 sir 450 sir 422'i pd Feb unch 447'. sir '440 pd March unch 442 5072 words
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Article272 1977-11-23 8 LONDON, Tues. Cocoa opened £19.50 to £3 per tonne higher In a light turnover of 134 lots which Included 27 self trades. The rise reflected a fall in sterling, traders said. Cocoa finished a quiet morning with gains of £24 to £6.50. Volume totalled 1,496 lots of which 779272 words
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Article289 1977-11-23 8 THE Straits tin price in Penang yesterday was down Ms4s to $1,735 on an official offering up 120 tonnes to 305 tonnes. In LONDON yesterday, tin closed the ring with gains of £55 fon cash and £22 for three months while high grade was £25 higher and unchanged289 words
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Article287 1977-11-23 8 LONDON, Tues. Weakness of sterling brought renewed steadiness to sugar futures at the opening call, producing gains from Monday night of £1.50 to £1.05 per tonne. Dealings were relatively thin, reflecting lack of fresh news in physicals, market sources said. Both the London dally raws and whites prices were287 words
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Article207 1977-11-23 8 BANGKOK, Tues. Indicative prices quoted today: (U8 dollars per tonne fob bull Bangkok): White Rice: 100 pet Ist class 319, 100 K2nd 305. 100 pet 3rd 2M. 5 pet 289. Xt 270. IS pet 267. 20 pet 204. 25 pet 2SI, 35 pet una. Bnta: A-l Super 194. A-l207 words
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Article157 1977-11-23 8 CHICAOO, Tues. Soybean futures ended an erratic trade with losses of US 13K to 20V% cents a bushel yesterday. The market showed early firmness as reports of light farmer selling over the weekend contributed to sellers' reserve. But local liquidation picked up when corn futures broke from an early157 words
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Article135 1977-11-23 8 CHICAGO, Tues. Wheat futures registered losses of US to 5M cents a bushel yesterday as they ended the session at or Just above the day's lows. Small early gains appeared on speculative buying as K'ces rose in other pits, e gains were short-lived, however, as professional selling appeared and135 words
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Article381 1977-11-23 8 FOLLOWING heavy selling in the New York market on Monday night, the kllobar In Singapore opened at 5511,973 yesterday, down *****.00 on previous closing. Good buying support appeared in the market and Eushed prices to close at a lgh of 8112,007. In the London market, the metal opened at381 words
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Article130 1977-11-23 8 LONDON, Tues. Silver on the day declined by 2.2 to 2.4 pence per troy ounce yesterday afternoon. Values partly recovered on the LME during the afternoon on shortcovering encouraged by the downturn in sterling. Three months finished the afternoon kerb trading at 267.6 pence after small dealings. In NEW130 words
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MONEY AND EXCHANGES
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Article505 1977-11-23 8 THE FOREIGN exchange market was active yesterday, with the dollar closing very low at 240.50/70 against the ven. The market as a whole however, dealers say, could have been more active. Buyers were reluctant, however, to take a long dollar position because of public holidays In Tokyo today, and505 words
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Article56 1977-11-23 8 ACBC 7 Algemene Bank 7 Bangkok Bask 7 Bank of America Bank of China 7 Bank of Tokyo 7 Bank Negara First Chicago fi'i Citibank 7 HSBC 7 Indoauez Malayan Banking 7 Mitsui Bank 7 OCBC fit. OUB 7 Chartered Bank 7 Chase Manhattan 7 DBS 756 words
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Article149 1977-11-23 8 Asian rates ASIAN rates u currency deposit Interbank at close on Nov 22 US Doll an (Spot) Offw 6 5/8 Bid 6 1/2 6 3/8 6 1/4 6 7/8 6 3/4 7 1/16 6 15/16 7 5/16 7 3/16 7 1/2 7 3/8 7 8/16 7 7/16 9w. Pr». Dm.149 words
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Article50 1977-11-23 8 RANOE of price* offered by discount houses on Nov 22 Overnight 3** Call deposit 3* to 3v.% Buylaf 3-Month MUac Treasury bills 3 1/4 31/8 3-Month Bank bills 4 7/8 43/4 3- Month CD 5 9/16 4 7/18 •-Month CD 5 7/8 5 3/4 Source: National Discount Co Ltd.50 words
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Article153 1977-11-23 8 Euro rates LONDON, Tues. Period Eurodollar deposits up to three months opened lover as the Friday dealings technicality has been brought forward from the normal Wednesday position because of the US Thanksgiving Day holiday on Thursday, dealers said. The loss of a Friday end of period was an additional downside153 words
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Article53 1977-11-23 8 FRANKFURT exchanges opening quotes on Nov 22 U8 2 2382/ 72 GUI 2.0110/ 200 UK 4 050/ 60 Neth 92 62/ 72 Swlti 161 66/ 96 Italy 2 546/ 553 France 46.66/ 16 Norw 40 96/ 41 06 Belf com 8 35V 65 Bel« fin 6 35/ 36 Japan53 words
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Article146 1977-11-23 8 NEW YORK, Tues. The dollar closed weaker on balance after an active afternoon yesterday as the market attempted to predict the yen's movement In Tokyo overnight. The yen rate was seen as the key to the dollar's overall trend at present In the absence of any substantial news.146 words
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Article147 1977-11-23 8 LONDON Tues. Sterling fell sharply to U551.8065/75 before recovering to $1.8080/90 and compared with $1.8175/85 overnight. Against the trade weighted index the pound weakened to 63.4 from 63.7 overnight. The yen opened sharply higher here following Its sharp rise In the Far East. The yen opened at a new147 words
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Article179 1977-11-23 8 HONGKONG. Tues. The US dollar closed lower against major currencies but above the day's lows in active trading, mainly centred around the yen. The US unit fell to a low of 241.20/30 yen after opening at 242 yen compared with the overnight New York mid-point close of 242.55 yen,179 words
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Article108 1977-11-23 8 TOKYO, Tues. The dollar for overnight delivery closed at 241.30 yen In heavy trading, compared with a 242.00 opening and 242.80 at yesterday's close. The Bank of Japan bought an estimated US$l2O million at 241.30 yen to stem the fall. Combined spot trading volume was $443 million. The US108 words
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Article64 1977-11-23 8 AUSTRALIA/ NZ exchanges quoted on Nov 22 AUSTRALIA US dollar 1.131 V 1.1266 Sterling 0 6247/ 0 6179 Nlnrty-day af mall buying rates Stertaf 0.6376 US dollars 1 1597 Ninety-day forward buying rates: Sterling 0 6192 US dollars 1 1245 NEW ZEALAND: Sterling 0 5467/ 0 5457 US doflar64 words
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Article68 1977-11-23 8 ZURICH exchanges closing quotes on Nov. 21. US 2 1970- 1976 UK 4.0086 0067 Can ***** 9641 W Oerm 96 12 21 Neth 61.06 14 Prance 45 26 29 Belg 6 24-1/2 29 Denm 35 91 93 Norw 40 27 30 Swed 45.61 63 Italy 0 2500 2502 Austria68 words
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Article342 1977-11-23 8 LONDON, Tues. Straight Eurobonds in the Eurodollar sector were narrowly mixed in quiet trading, dealers, said. Trading appeared to be largely between professional houses squaring their positions ahead of the yearend. they added. Eurobonds prices quoted on Nov 22 Straight* BM Nippon Pud Bank 7* 82 97 DSM (Holland)8*87342 words
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Article341 1977-11-23 8 LONDON, Tues. Copper wire bars finished the morning with all round gains of £0.50. Dealers said values softened on the early premarket reflecting the continuing decline in gold and poor physical demand but short-covering emerged around £664 per tonne for three months following a downturn In sterling. The ring341 words
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Article100 1977-11-23 8 LONDON, Tues. Lead ended the morning ring £3.50 higher all round. Dealers said the market showed a steadier trend this morning on some followthrough interest from the fresh buying and shortcovering which developed when it dipped below £350 on Monday. No fresh neWs or activity was reported in the100 words
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Article83 1977-11-23 8 LONDON, Tues. Zinc was £1 down for cash and unchanged for three months. Quiet conditions persisted throughout the morning, dealers said, although scattered selling was well absorbed at £299 in three months which gave the market a steady appearance. The recent technical tightness in cash seemed to have passed83 words
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Page 8 Advertisements
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Advertisement167 1977-11-23 8 '•iii Viii MONTHLY ECONOMIC REPORTS With monthly politicol supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken ploce in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin167 words
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327 1977-11-23 9 Reuter LONDON, Tues. Poland yesterday signed the biggest single order tor merchant ships ever placed in Britain, tor 24 vessels worth £115 million (*****.5 million). The British Secretary of State for Industrial, Mr Eric Varley, told a press conference before the ceremony InReuter - 327 words
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184 1977-11-23 9 Reuter SYDNEY, Tues. Maritime unions in Sydney are considering placing a total ban on all South African shipping, a union leader announced today. The ban is likely to be }>roclalmed because of the all death of South Africa's black leader Steve Blko after hisReuter - 184 words
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Article123 1977-11-23 9 Reuter WICHITA, KANSAS, Tues. All Cessna Conquest propjet planes have been grounded by the Federal Aviation Administration pending an inquiry into the crash of a Conquest near Birmingham, Alabama last Tuesday, the Cessna Aircraft Co. said yesterday. Cessna said it also had asked that all Cessna Conquest propjetsReuter - 123 words
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216 1977-11-23 9 AP LONDON, Tut*. "Morni»l. New York" read a greeting from British Airways today in full-page newspaper advertisements here announcing the start of Concorde services to the US city. Air France advertisements in the British Press announced "Concorde Aujourd'hui" Concorde today and showed the supersonicAP - 216 words
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Article57 1977-11-23 9 AFP LA SEYNE, France, Tues. The Oriental Executive, the third container ship ordered from the shipyards here for the world service of the C.Y. Tung Oroup in Taiwan, was named here on Saturday. The Oriental Executive, the last of a series of four similar ships, will beAFP - 57 words
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938 1977-11-23 9 FT HAMBURG, Tues. Cancellation of the VFW 614 short-haul Jet airliner programme, now being openly mooted by the management of the VFW-Fokker group Itself, would represent a painful coming of age for the West German aerospace Industry. The West German Government, which putFT - 938 words
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Article, Illustration506 1977-11-23 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Astra Peak (HODA) (after Golden Sea and Sado Maru) 10/11 Cape tan Costls I (Bulk Maize) (0700 after Chuwa Maru and Glso Maru No. 19) 8/9 Cherry Vllja (B. Barge) (after Ocean Supply sails) 48 Dorthe Oldendorff (after Bunga Melatl) 33/34 Frotasantos (0500)506 words
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Article1015 1977-11-23 9 SUPERSONIC FLIGHT Reuter MOSCOW, Tues. When the supersonic Tupolev-144 airliner stood waiting to leave on its Inaugural flight, first the baggage elevator, then the mechanical gangway, broke down. The Incident.which left a sea of red faces among the assembled officials, Illustrated a big difference between Soviet andReuter - 1,015 words
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Article688 1977-11-23 9 ARRIVALS Service Local Operator Number Time FrMB TMA TL304B 0530 TPE MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0850 PEN MAS MH607 0900 KUL MAS MH671 0945 PEN/KUL SIA SQ103 1015 KUL PAA PA847 1025 SFO/HNL/GUM GIA GA930 1030 HLP688 words
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Article194 1977-11-23 9 AP LONDON, Tues. Singlevoyage chartering on the London Freight Market yesterday was confined to the Oreat Lakes, where shipowners managed to maintain the firmer tone stemming from end-of-season demand. The Marltsa P. Lemos repeated the good rate of $20.50(FIO) for a 15,000 ton November-December shipment from theAP - 194 words
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165 1977-11-23 9 AFP TOKYO, Tues. Japan plans to develop hydrogenpowered airliners to be operated on short and me-dium-distance routes, a Tokyo dally reported today. The Yomlurl Shimbun, quoting the Japan Aeronautics and Space Industry Association, said the project is part of the International Trade and IndustryAFP - 165 words
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82 1977-11-23 9 Reuter WASHINGTON, Tues. The Mutual Broadcasting System yesterday signed an agreement with Western Union to begin satellite transmission to more than 500 of its affiliate radio stations. Mutual, the world's largest radio network, said that under the seven-year agreement It would transmitReuter - 82 words
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Advertisement91 1977-11-23 9 SW&i&M i i Sh 11 c v > WIW irf* i > H is net IS l f <* Ml m r t i# > Hr if? /i »i> *r tfC !T V r-i i:» kJ 9 i^k r > > Jm "■fF ■UriMls^' 11 >».<'■#. Tji *r?f jJR** Us'Wk91 words
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Article, Illustration1045 1977-11-23 10 DAVID CONRAD - If Japan and South Korea two of the most dynamic economies in Asia join hands and pool labour and technological forces, they would represent an industrial juggernaut with which no other country could hope to compete. The moment of birth for such aFT - 1,045 words
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1048 1977-11-23 10 NYT NEW YORK. Tues. One of the Carter administration's monumental fallings In its first year has been the inability to construct a well-defined economic game plan that it could convey clearly to every one. The lack of coherence and consistency in economic strategiesNYT - 1,048 words
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Article918 1977-11-23 10 NYT MOSCOW, Tues. The United States and the Soviet Union are the two largest economies In the world, and cosmic visions of trade have danced through the heads of American businessmen and Soviet officials for years. A $6 billion, 25-year scheme to extract natural gas from theNYT - 918 words
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Article, Illustration1086 1977-11-23 10 NYT BELGRADE, Tues. Iran has begun to emerge as a potential major supplier of oil and gas to Eastern Europe. A series of recent moves by Iran, coming in the wake of the oil supply freeze the Soviet Union has begun to Impose onNYT - 1,086 words
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Page 10 Advertisements
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Advertisement201 1977-11-23 10 Give us a man fora monthwell give him a language for life ■■V® now the largest group of language schools in the world offers a range of intensive language courses specifically designed for the busy executives whose work and position require them to attain a high degree of proficiency in201 words
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664 1977-11-23 11 AP Reuter HONOKONO, Tues. .China's electronics Industry Is still "comparatively weak" and It cannot meet the country's needs. "Our products and technology are still comparatively Inferior and the level of electronics production Is low," the People's Dally said in an article reporting theAP; Reuter - 664 words
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163 1977-11-23 11 MORE than 30 merchant bankers and financial executives are expected to attend a half-day seminar on "Mergers and takeovers" on Dec 6. The seminar is Jointly organised by the Institute of Banking and Finance (IBF) and the Singapore Merchant Bankers' Association. It is to163 words
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Article119 1977-11-23 11 A SEMINAR on safety and health in industry will be held at the Marco Polo Hotel, on Dec 9 and 10. Among the speakers at the seminar organised by the Singapore Manufacturers' Association for management and supervisory personnel, will be Professor Ang How Ghee, chairman,119 words
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Article39 1977-11-23 11 Reuter WASHINGTON. Tues. The Treasury said it will sell U552.75 billion (556.6 billion) of four-year, onemonth notes on Nov 30 to raise new cash. Minimum denomination available lssl,ooo. Yield will be determined at the auction. Reuter.Reuter - 39 words
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Article412 1977-11-23 11 THE FAILURE of developing countries to repay their external debts on time could disrupt the stability of the International banking system. This warning comes from Dr. Robert Allber, professor of international economics and finance at the Unlversltv of Chicago. In an article published In the412 words
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Article98 1977-11-23 11 A SPANISH trade mission promoting materials handling and hoisting equipment will be in Singapore from tomorrow till Nov 30, surveying Joint-venture [>rospects and appointing ocal agents. The mission organiser, Mr. Fausto Dlez, told Business Times this yesterday. He also added that the 12-man team from 12 Spanish98 words
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269 1977-11-23 11 THE Pacific North-west region of the USA, comprising the states of Idaho, Oregon and Washington, has chosen Singapore as the centre for expansion of its South-east Asian trade. "Singapore will be the hub of our Asian trade," said Mr. Richard Kirk, executive director269 words
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Article93 1977-11-23 11 ASEAN will be organising a trade fair in the Philippines from May 7-21 next year. The theme of the fair will be "Sharing the Asean wealth through cooperative trade" and will be held at the Philippine Centre for International Trade and Exhibit. The fair alms to promote93 words
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Article103 1977-11-23 11 PHILIPS Singapore's twoday Far Eastern regional management conference of data systems at Marco Polo Hotel, ends today. Representatives from 11 countries are attending the conference which Is headed by Mr. D. Geest, director of Philips Data Systems, Apeldoorn. The conference, planned to be a regular event. Is103 words
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Article300 1977-11-23 11 Reuter AP MANILA, Tues. Provided economic relations were satisfactory, the rearmament of Japan for defensive purposes will not affect friendship with the Philippines. President Marcos, who was addressing a group of visiting members of Japan's ruling Liberal Democratic Party also praised Japanese Prime Minister Takeo FukudaReuter; AP - 300 words
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334 1977-11-23 11 KUALA LUMPUR, Tues. The government Is to contract out some of the major highway projects in the country on a "package deal" basis to the private sector. This is to speed up construction under the lnter-urban highway construction programme designed to meet the334 words
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136 1977-11-23 11 THE First City National Bank of Houston has opened a representative office In Singapore following approval by the Monetary Authority of Singapore (MAS). MAS confirmed that the US bank, which is the result of a 1956 merger between First National Bank in Houston and City136 words
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Article55 1977-11-23 11 Reuter TOKYO, Tues. The World Bank will float a 6.8 per cent 50 billion yen (Ss4Bo million) bond on the Japanese capital market at par, Yamalchl Securities Co. Ltd., as lead manager, said. Subscriptions will be accepted from Nov 24 to Dec 8 with payment byReuter - 55 words
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837 1977-11-23 11 Reuter AFP PARIS, Tues. Japan told Its OECD trading partners It is aiming for around 6 per cent real growth in fiscal 1978/79, but Immediately came under pressure to aim higher. Japanese delegates told a meeting of the OECD'B economy policy committee theirReuter; AFP - 837 words
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88 1977-11-23 11 Reuter TOKYO, Tues. Japan's preliminary seasonallyadjusted index of department store sales rose 1.5 per cent In October to 267.3 (base 1970) from September, which was up 1.3 per cent from August. Actual unadjusted October sales was 432 billion yen (53.8 billion), up 23.5 per centReuter - 88 words
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Article168 1977-11-23 11 AFP TOKYO, Tues. Australia and Japan began three days of talks on uranium enrichment designed to make a Joint study from technical aspects, the Foreign Ministry said. Representing Australia at the meeting was Mr. Keith Alder, commissioner and general manager of the Australia Atomic Energy Commission. JapanAFP - 168 words
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Page 11 Advertisements
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Advertisement267 1977-11-23 11 (see below) T K t s r I r*i > hi M The three bosk needs and the three ports of Britcmnkn 3 understanding, insight, and wisdom in every field of learning. Written by experts, approved by experts, but not written for experts. It is aimed at the average reader267 words
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Article910 1977-11-23 12 TERESA LIM - IT WON'T HIT SINGAPORE By TERESA LIM NEW YORK may establish a free trade zone for banking to diminish the impact of rival financial centres on Its own position. The implications of such a move for Singapore and the other financial centres of910 words
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512 1977-11-23 12 UPI BANGKOK, Tues. Rumours and speculation has sent Thailand's highflying stock market into a dive and market officials moved to prevent a crash. The leading market index plunged 32.7 points in Friday's trading and another 26.50 on Monday, closing at 552.56. Trading in twoUPI - 512 words
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281 1977-11-23 12 AFT Reuter TOKYO, Tues. An American Senator said here today the United States is planning construction of a second Panama Canal capable of handling mammoth tankers. Senator Mike Gravel, visiting Tokyo to attend the third conference of the Ja-pan-US ocean forum, made theAFT; Reuter - 281 words
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236 1977-11-23 12 THE DEPUTY president of All Nippon Airways Enterprise, (ANAE) Mr Y Sawa arrives in Singapore today for the formal signing of the contract for his company's purchase of Connaught Hotel. The signing, scheduled for tomorrow morning, will be held at the236 words
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253 1977-11-23 12 HITACHI Asian Machine Corporation of Japan has set up a S3 million subsidiary plant in Singapore to manufacture moulds, dies, plastic mouldings and other precision engineering products for both the domestic as well as export market. The subsidiary, Asian Machine Pte. Ltd. will253 words
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Article821 1977-11-23 12 LONDON. Tues. Long-dated government bonds fell by up to 1 1/4 points and shorts by up to 5/8. In moderate selling, provoked by a brokerage house reports expressing concern over the rate of growth In the UK money stock, dealers said. At 3 p.m. the Financial Times index821 words
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215 1977-11-23 12 THE Singapore Manual and Mercantile Workers' Union (SMMWU) is campaigning to get more workers in the stock-broking and law firms to join its ranks. SMMWU secretary general, Mr. Eric Cheong, told Labour News that the membership potential of stockbroking companies has not been215 words
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234 1977-11-23 12 Reuter TOKYO, Tues. The Finance Ministry has no intention of intervening in the forward foreign exchange market to support the US dollar and prevent a rite in the yen'a value. The International Finance Director, Hirosuke Dan told a parliamentary committee meeting thatReuter - 234 words
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205 1977-11-23 12 ABOUT 250 service and catering workers of Goodwood Park Hotel will get pay hikes from 6 to 9 per cent under a new collective agreement signed recently between the management and union. The Singapore Catering Services Staff and Workers Trade Union,205 words
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769 1977-11-23 12 SALMA KHALIK - »y SALMA KHALIK DESPITE strong competition from the Post Office Savings Bank and housing finance available through the Central Provident Fund, finance companies enjoyed a relatively good year in 1976, emerging with a 12.4 per cent growth rate. This brought the total assets and769 words
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Article, Illustration123 1977-11-23 12 LABOUR problems in the UK are not as bad as most people make them out to be. Whenever the country is mentioned here and it brings to mind preconceived notions of industrial unrest, a relentless demand for higher wages and grasping trade unions; yet123 words
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Article321 1977-11-23 12 THE BRITISH economy lias made a remarkable turnaround in the last nine months, said a member of the British Overseas Trade Board. With growing optimism in the air, businessmen there are certainly considering more overseas investments In countries such as Singapore. Mr. Colin Smale. who321 words
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Advertisement40 1977-11-23 12 TEPPAN-YAKI Qtc*yd Ar W SINGAPORE OKOH Japanese Restaurant 4th Fir. Supreme House. Penang Road. Tel 32 7661 OKOH OF GINZA Japanese Restaurant Basement. Hong Leong Bldg Rattles Quay, Tel *****81 KATSURA Japanese Steak House Orchid Inn. Ounearn Ro Tel *****240 words
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Advertisement166 1977-11-23 12 We're one of Singapore's youngest banks! Considering that the first account, established with us. is not yet four years old. we have already become a sturdy plant, firmly rooted in our garden city. Fertilised by satisfied customers, who entrust their business to us and who come to us for advice166 words
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