The Business Times, 25 November 1977
1977-11-25
1
12
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The Business Times
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Title Section10 1977-11-25 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, NOVEMBER 25, 1977 so CENTS10 words
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NEWS IN BRIEF
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Article55 1977-11-25 1 Reuter CAIRO, Thurs. Egypt's national airline Egyptair. has stopped all flights to Libya and Algeria from today, an airline spokesman said here. The Libyan Jamahiriyah yesterday withdrew its recognition of the Egyptian government and closed its ports and airports to Egyptian traffic because of President Anwar Sadat'sReuter - 55 words
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Article61 1977-11-25 1 AP TEHERAN, Thurs. National Iranian Petrochemical Industries is seeking a US$36O million (SsBso million) loan to cover part of Its $2 billion expansion developments at Mahshahr in the Persian Gulf. A British firm, Kuhn Loeb is to provide $50 million, with the rest to be providedAP - 61 words
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Article39 1977-11-25 1 Reuter KUALA LUMPUR. Thurs. The state-owned Malaysian Export Credit Insurance Berhad formed to boost Malaysia's export will be launched by the end of next month, Deputy Trade and Industry Minister, Datuk Seri Mohamad Rahmat, said today. ReuterReuter - 39 words
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Article68 1977-11-25 1 AFP MANILA, Thurs. The Asian Development Bank today approved technical assistance grant to Bangladesh for the improvement of an area where the waters meet from the Ganges and Brahmaputra rivers. The ADB aid in cooperation with the European Economic Community is for preparatory studies on the proposed PabnaAFP - 68 words
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Article33 1977-11-25 1 AFP MOSCOW. Thurs. This week's meeting of European Economic Community (EEC) finance ministers revealed the Community's "impotence," which stemmed from market battles among the 'trusts," Tass News Agency said today. AFP.AFP - 33 words
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Article48 1977-11-25 1 Reuter TOKYO. Thurs. The World Bank signed a contract here with a syndicate of Japanese underwriters to issue a 50 billion yen (SS49O million) 15year. 6.8 per cent bond at par on the Japanese capital market, Yamaichi Securities Co Ltd said as lead manager. ReuterReuter - 48 words
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Article28 1977-11-25 1 UPI TOKYO, Thurs. North Korea and Cambodia have signed a protocol on starting air links between the two countries, Korean Central News Agency reported today. UPI.UPI - 28 words
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Article41 1977-11-25 1 KUALA LUMPUR, Thurs. British and European industrialists have given assurances they will set up at least five factories coating a total of US$3O million (Ss7o million) in Kedah, Kedah Chief Minister Syed Ahmad Shahabuddin said today SEE PAGE U41 words
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Article29 1977-11-25 1 Reuter TOKYO, Thurs. Japanese traders concluded deals worth about US$35O million (SSB26 million) at the recent Canton trade fair In China, it was announced here today. ReuterReuter - 29 words
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Chief Price Changes
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Article, Illustration177 1977-11-25 1 PROFIT-TAKLRS dominated the hotel sector in generally mixed conditions on the Stock Exchange of Singapore yesterday. However, selected gainers prevailed elsewhere in moderate trading. This was reflected in the Business Times index h,c c i? sed 4 9 1 points higher at 471.39 while the t lmeS177 words
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Article111 1977-11-25 1 Rises Most active Castlefield 7.95 .30 G. Ceramics 264.000 260.000 133.000 ill nnn Sg Besi MlnSec 4 90 28 Lien Hoe 2 28 23 Wearnes Wearnes 3.36 +.18 G. Lumber Inchcape 2.30 +.07 Total Turnover: 1.98M Pac Dev Bovis SEA 2.60 0 60 .06 .05 Total Value:111 words
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Article1164 1977-11-25 1 SPECULATION FUELS YEN RISE Agencies THE yen's appreciation this week can be blamed mainly on excessive speculation by Japanese banks, said Bank of Japan governor. Mr. Tellchiro Morinaga. yesterday, at a Tokyo press conference. He added, however, that the sharp rise had Initially been triggeredAgencies - 1,164 words
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Article360 1977-11-25 1 Orient Leasing's Asian issue ORIENT Leasing (Caribbean) of Japan has floated a US$2O million Asian bond the fourth bond to be launched In the Asian dollar market In less than a month. This Is the second Asian dollar bond by Orient Leasing (Caribbean) a fullyowned subsidiary of the Tokyo-based parent360 words
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Article, Illustration535 1977-11-25 1 JOHN LIM - By JOHN LIM THE MOTOR Traders' Association of Singapore will be meeting today to discuss a price adjustment to offset the increase in value of the yen. According to a source in the trade, the meeting will probably be attended by those most concerned535 words
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Article321 1977-11-25 1 THE Singapore Bus Service (SBS) is obviously feeling more comfortable now than I -It did In 1974, Judging by Its decision to start paying back nearly *9 million In deferred taxes to the government. The company started to enjoy deferred taxation when the Oovernment Team of Officials321 words
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264 1977-11-25 1 KUOK (S) Pte. Ltd. hat sold its one-fifth stake in Asia Commercial Banking Corporation (ACBC). The commodity trading firm disposed of its 10 million ACBC shares last month (issued and fully-paid share capital of the bank being 50 million shares of $1264 words
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625 1977-11-25 1 UPI CARACAS. Thurs. Venezuela's rejection of a US plea to support an oil price freeze next year has underlined the determination of so-called moderate members of the Organisation of Petroleum Exporting Countries (Opec) to push crude prices upward next month. "We agreed on everythingUPI - 625 words
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Article38 1977-11-25 1 AP TOKYO, Thurs. Eight Japanese business firms together with Nippon Credit Bank have acquired a combined 40 per cent interest In Switzerland's Bank Oat Streiff AG in Zurich, a spokesman for Nippon Credit said today. APAP - 38 words
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Page 1 Advertisements
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Advertisement41 1977-11-25 1 COPIES ANYTHING. FITS ON A TABLE-TOP MINOLTA EP-1 SEE PAGE 11 INSIDE Overseas News/ TV A Radio Overseas Newi/ Crosswords Local Co. News International Co. News Local Stocks Oversea* Stocks Commodities Transport i Comm uni cations Features Local 4k Overseas News41 words
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Advertisement139 1977-11-25 1 ACBC makes it easy. Come to the bank that not only has the resources, but the connections. Be it in renminbi, or other major foreign currencies. Or other aspects of international transactions. ACBC is the bank that makes banking easy for all its clients. With a simple dirpct service. As139 words
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Advertisement105 1977-11-25 1 ST SINTAT Rent-a-Car AOKIOWW BfSrßvfli (1\ Singapore: *****55. *****5 (Airport) Kuala Lumpur: *****6 Penang: ***** extends its valuation practice to include A GENC Y purchase and sale, letting DEVELOPMENT ADVICE feasibility studies PROPERTY MANAGEMENT building administration BUILDING CONDITION SUR VEYS CONSUL TING economic land use, modernisation and improvement, investment Through105 words
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OVERSEAS
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851 1977-11-25 2 Reuter BLACKPOOL (England), Thurs. Prime Minister James Callaghan vowed the British government would stand resolutely on its policy to limit pay increases to 10 per cent. He told a conference of the Electricians' Union here that Britain's pay policy would be trampledReuter - 851 words
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809 1977-11-25 2 Agencies WASHINGTON. Thurs. The surprisingly small Soviet grain crop this year has brought to a head United States unhappiness with Moscow's failure to supply advance information on its harvest prospects. American officials plan to complain at a meeting in Moscow next month that theAgencies - 809 words
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Article275 1977-11-25 2 AP WASHINGTON. Thurs. A nationwide US coal strike on Dec 6 "appears Inevitable". a United Mine Workers (UMW) spokesman said yesterday, and a major coal-carrying American Railroad announced layoffs for 1.500 workers. Despite the scheduling of bargaining sessions this weekend, the union spokesman said tooAP - 275 words
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405 1977-11-25 2 AP WASHINGTON. Thurs. US Agriculture Secretary Bob Bergland says he supports a farmers' strike set to begin next month, but that the effort appears doomed to fail. An organisation calling itself "American Agriculture" wants farmers, beginning Dec 14. to quit producing and selling wheatAP - 405 words
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Article218 1977-11-25 2 Reuter DETROIT. Thurs. MidNovember sales of domestic cars fell 14.6 per cent to 217.804 from 245.898 a year ago. There were eight selling days this year compared with nine last year so the daily selling rate was off only 3.9 per cent to 27.226 fromReuter - 218 words
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859 1977-11-25 2 AP LONDON. Thurs. A US Department of Justice injunction ordering the suspension of publication of daily New York sugar prices is causing embarrassment at the London headquarters of the International Sugar Organisation (ISO), delegates attending a council meeting disclosed yesterday. A North American delegate pointedAP - 859 words
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489 1977-11-25 2 NYT WASHINGTON. Thurs. Mr. Bert Lance, who resigned under fire in September as President Carter's Director of the Office of Management and Budget, has become the subject of a Federal grand Jury investigation in Atlanta. The inquiry into Mr. Lance's personal andNYT - 489 words
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Article125 1977-11-25 2 AFP MEXICO CITY. Thurs. Five countries, including the United States and Japan, will be involved in the construction of a 1.183kin pipeline to carry natural gas from southern Mexico to the northern part of the country and America, the Pemex State Oil Company said yesterday. A PemexAFP - 125 words
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Article608 1977-11-25 2 UPI MORGES. (Switzerland). Thurs. Pollution and indiscriminate fishing are killing the seas. Whales, dolphins and seals face total extinction and the fate of many other marine animals Is at stake. To save the seas, the World Wildlife Fund has launched its largest-ever campaign underUPI - 608 words
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Article192 1977-11-25 2 UPI WASHINGTON. Thurs. President Carter yesterday signed legislation that will delay the Food and Drug Administration's (FDA) proposed ban on saccharine for 18 months while the government conducts further tests on its possible link with cancer. The new law requires a warning label on allUPI - 192 words
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815 1977-11-25 3 Reuter Reuter PARIS, Thurs. Britain's current account payments are expected to show a US$4 billion (559.44 billion) surplus in 1978 after being neither in surplus nor deficit this year. Informed sources said. According to the latest forecasts, prepared by the Organisation forReuter - 815 words
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501 1977-11-25 3 UPI AFP WASHINGTON. Thurs. Foreign producers of specialty steel now account for the lowest share of domestic consumption in three years. President Carter ordered the review of import penetration as part of his reconsideration of specialty steel Import quotas imposed by the Ford administrationUPI; AFP - 501 words
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156 1977-11-25 3 Reuter HELSINKI. Thurs. Finland will draw US$lOO million (***** million) of earmarked standby credits totalling $700 million to strengthen fhe country's currency reserves and international liquidity. The decision, announced by Central Bank Governor Mauno Koivisto, follows reports, confirmed by a Central Bank spokesman,Reuter - 156 words
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320 1977-11-25 3 Reuter LONDON. Thurs The generalised slide of the US dollar on exchange markets over the past two months may have been overdone In the case of the French franc for which senior foreign exchange dealers here are predicting a weakening as the country'sReuter - 320 words
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615 1977-11-25 3 Agencies PARIS. Thurs. The US administration believes approval of President Carter's energy programme by Congress will have an impact on confidence in the dollar. Conference sources said US Undersecretary for International Affairs at the Treasury Fred Bergsten told the OECD Working Party ThreeAgencies - 615 words
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Page 2 Advertisements
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Advertisement132 1977-11-25 2 MITSUI TRUST Beacon of Progress ■> i Now at Shenton Way The Only Japanese Trust Bank Office in Singapore. We are Japan's oldest trust bank and command a key position in the Mitsui Group. Our services are worldwide in scope. We have the research capability, a worldwide network and the132 words
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Page 2 Miscellaneous
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Miscellaneous333 1977-11-25 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Nov 24 at Singapore airport. Maximum Temperature 29.4° C Associated Humidity 76 Minimum Temperature 23.5° C Associated Humidity 98 Hours of Sunshine 2.45 Rainfall in Millimetres Trace Total Rainfall for the Month 308.6 Total Rainy Days for the333 words
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Page 3 Advertisements
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Advertisement364 1977-11-25 3 It M mm < MM AX®W£Xy 4 r tf L JS V V J >«<•.***..♦ ;m»\. < ■T 4 Yi V i^jM K> T --■< wv!wSSS >r > I >*?**■ Y>; >. \A *k *1 i m K5 Art* A* -Av r IV t -v -< SW-" •f .».< 41364 words
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Page 3 Miscellaneous
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Miscellaneous608 1977-11-25 3 THE TWO-IN-ONE CROSSWORD i n2 CRYPTIC PUZZLE ACROSS 4 Striker's game (6) 7 Have another look in the lab (8) 8 Composition* mostly arranged as duets (6) 10 A piece of cake, perhaps (5) 13 Foreigner returning from Brest 14 Over him Is the supervisor (4) 15 Princess one points608 words
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COMPANY NEWS
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Article485 1977-11-25 4 F N turns in good results ALTHOUGH Fraser and Neave has been unable so far to secure a price Increase for its soft drinks in the domestic market, the group has put up a satisfactory performance for th'e six months ended Sept 30, 1977. Group pre-tax profit rose 13.5 per485 words
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533 1977-11-25 4 WIDENING margins continued to boost profit growth at Metal Box Berhad (MBB) for the first half-year ended Sept 30, 1977. For although sales improved by only 5.7 per cent to M 526.45 million, pre-tax profit leaped 43.2 per cent to $3.55 million from $2.48533 words
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Article336 1977-11-25 4 Current payment 1 Ex Date Date payable Total for the year Total for previous year Con Plant Malayan Banking Oriental Kothman* Mentakab Rubber Sime Darby Sime Darby Guinness Gieanealy Kuala Sidim PMRI Austral Enterprises Talam Mines Rah Hyd PMC Riverview Tasek Cement Mineral Securities Toshiba UIC B.M. Trust336 words
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731 1977-11-25 4 NYT NEW YORK: The technical pattern traced by the stock appeared to be weak, and a speculator a professional man with substantial capital decided to go short, selling borrowed shares to be repurchased later, hopefully at a lower price. Not long afterwards, however, theNYT - 731 words
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1006 1977-11-25 4 FT NEW DELHI; The recent withdrawal from India of Coca Cola and of International Business Machines has no doubt stimulated some further reappraisal of prospects for potential foreign Investors In general and the multinational companies in particular. Not that the action of theFT - 1,006 words
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Article1299 1977-11-25 4 November 23 CHICAGO Board Options Exchange volume was 119 005 contracts compared with 126.200 contracts on Tuesday. OPTION JAN APL JLY STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AtlH Atl R Avon Avon Avon Bank Am Bank Am Bank Am BethS1,299 words
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704 1977-11-25 4 NYT J NEW YORK: Disclosure of preliminary test results ln--2 dicating a link between the birchwood sweetener, ■t xylltol, and cancer in T laboratory animals has put r William Wrigley Jr Co now marketing nationally a xylitol-sweetened chewing e gum called Orbit underNYT - 704 words
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Article137 1977-11-25 4 MELBOURNE, Thurs. Commercial Bank of Australia said it will raise its paid-up capital to A 571.25 million from $53.82 million by the Issue of 17.43 million •1 per shares at $1.75 each. The shares will be issued to preference and ordinary stockholders registered on Jan137 words
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Article236 1977-11-25 4 FT SYDNEY, Thurs. The Queensland government's insurance company has bought a 20 per cent stake In an oil refiner and petroleum products retailer Amoco Australia, the local offshoot of Standard Oil of Indiana. The State Government Insurance Office of Queensland (SQIO) will pay As2B million forFT - 236 words
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Article57 1977-11-25 4 FRANKFURT, Thurs. The Kingdom of Sweden is planning to raise a 200 million mark 12-year Eurobond probably at 6 per cent primary market sources said. The sources said the issue to be managed by Deutsche AO, has a five-year grace period, giving it an average life of 9.6 years57 words
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418 1977-11-25 4 FOR THE SIX months s ended Sept 30, 187? Kinta j Kellas Tin Dredging suf--2 fered a4O per cent drop in pre-tax profit to M 52.28 million. While this may have borne out chairman Tan Sri Nik Ahmad Kamll's fore--1 bodings418 words
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COMPANY MEETINGS
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Article26 1977-11-25 4 THE following company meetings are due: ««u uuu. Nov 26 at noon at SE, Foh Chong Building, 66 Jalan Ibrahim. Johor Baru.26 words
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Article17 1977-11-25 4 Nov 26 at 12.30 p.m. at the company's office at Tasek Industrial Estate, Ipoh.17 words
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Page 4 Advertisements
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Advertisement179 1977-11-25 4 J Are Ye* familiar Wrtft Tte Conponeßts Bvflt In (tar Forklift Tracks? DIESEL FORKLIFT TRUCK Model: 04 series «J/4 000 Ki 000 K> /2 500 7 3 000 /S.SOO Lood contra: 500 mm Lift..* hoight: 3 300 mm/4,000 mm/4,500 mm Engine: Ptrkint Diosol U.K. Trtmmiuwn: Hn«« duty Automatic Torauo Con»«rtor179 words
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Article237 1977-11-25 5 ASIAN COMPANIES AUSTRALIA and New Zealand Banking Group reported that consolidated operating profit rose from A 536.80 million to $43.92 million for the year ended Sept 30, 1977. The 19 per cent Increase In earnings was achieved on a rise of 22 per cent237 words
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Article198 1977-11-25 5 AFP The Mitsui Group and Takenaka Komuten Co. of Japan will cooperate with Iran In constructing a new city with a population of 50,000 In the suburbs of Masjed, in the southwest of Iran. a iso joining the new city construction plan, a national IranianAFP - 198 words
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Article130 1977-11-25 5 Reuter P AND O Australia will offer 6.25 million Asl par shares at $1.80 per share to the Australian public from Dec 12 to 23 inclusive. The issue will raise paidup capital to 25 million shares from 18.75 million and represents 25 per cent of the eventualReuter - 130 words
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170 1977-11-25 5 EUROPEAN COMPANIES KNOWN uranium deposits In south western Greenland have nearly tripled to 15,700 tonnes and estimated reserves have risen to 10,000 tonnes following further exploration last summer. Earlier estimates of the deposits were for 5,800 tonnes of known and 8,700 tonnes of possible170 words
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Article176 1977-11-25 5 Reuter TALKS are being held between UK and Norwegian oil groups on swapping output from two North Sea oil fields in order to save development costs. The governments of the two countries are also Involved in the discussions on taking oil to UK facilities from theReuter - 176 words
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Article76 1977-11-25 5 Reuter PSA Peugeot-Cltroen SA division Automobiles Peugeot SA expects 1977 car ?roduction to rise to around 80,000 from 759,000 last year. The dally production rate of the new 305 model will be 215 next month rising to 700 in September 1978. it said. Around 1,500 newReuter - 76 words
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Article541 1977-11-25 5 □ROUP pre-tax profit and before claims on third parties at Basf AG fell sharply from 1.07 billion marks to 863 million marks for the first nine monthi of this year on sales excluding turnover tax of 15.86 billion marks (15.6 billion marks). Pre-tax at541 words
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Article317 1977-11-25 5 FT C. AND J. CLARK, the sixth biggest U.K. private company. is to buy the assets of a US public company, Hanover Shoe, for about US$26 million. C. and J. Clark Is the manufacturer of Clark's Shoes and also competes In the High Street withFT - 317 words
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282 1977-11-25 5 Reuter COMMERZBANK AG said it plans to raise its basic capital by 82.4 million marks to 726 million marks In a one-for-elght rights Issue at 150 marks per 50 mark nominal share with dividend entitlement from Jan. 1, 1978. In a statement the bank saidReuter - 282 words
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Article183 1977-11-25 5 Reuter WEISSCREDIT Banca Commerclale e d'lnvestmentl has applied for a contract of liquidation from an appeal court in Canton Ticino. A spokesman for payments commissioners Neutra Fiduciarla SA said the court will decide In the next few weeks whether to grant the contract or whether to open compulsoryReuter - 183 words
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565 1977-11-25 5 NORTH AMERICAN COMPANIES NEW YORK:- Some of the biggest Investors In today's stock market are companies that are actively buying up their own shares, reflecting the relatively low values thi stock market Is putting oil shares generally. Hundreds of companies are trading at565 words
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Article147 1977-11-25 5 MOBIL Corp will realign its equity Interest In some subsidiaries to make it the sole holder of common stock interest In each of its three main operating divisions. Mobil said It will hold 100 per cent of the common stock of Mobil Oil Corp,147 words
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Article51 1977-11-25 5 NORTHWEST Industries Inc said its tender offer for Coca-Cola Bottling Co of Los Angeles was completed with 97 per cent of common and common equivalent shares tendered. The offer of US$4O a share, for common and $78 a share for preferred was made on Oct 19 and expired on51 words
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Article260 1977-11-25 5 BOC International Is discussing with Alrco Inc the possibility of tendering for 1.8 million Alrco shares at $40 cash per share. BOC said discussions are continuing with Alrco management regarding the acquisition of additional stock. Agreement has not been reached on a proposal that260 words
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Article22 1977-11-25 5 BANQUE de Paris et des Pays-Bas (Parlbas) has opened a branch office In Seoul to operate as commercial and merchant bank.22 words
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237 1977-11-25 5 Reuter A DEFINITE date has still to be arranged for the start of London options trading. "I believe we are at a stage where a lot of progress Is being made and we will soon be in a position to.announce a dateReuter - 237 words
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Article267 1977-11-25 5 VOLVO AB reported profits before allocations and taxes for January to September 1977 were 229 million crowns. This figure, which takes Into account differences in exchange rates following this year's devaluations of the crown but not revaluations of long-term debts, Is less than half the 490267 words
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Article170 1977-11-25 5 Reuter ESTEL NV Hoesch Hoogovens has incurred sharp losses In the third quarter and the first nine months of this year. For the third quarter, the company sustained a net loss of 86.2 million guilders on sales of 2.3 billion guilders compared with a net profitReuter - 170 words
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Article557 1977-11-25 5 FT THE British American Tobacco group is to become the sole owner of the Swissbased cosmetics operation Juvena International In 1982. This is the earliest date at which the BAT subsidiary British American Cosmetics (BAC) can exercise its option to acquire the 49 per centFT - 557 words
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Page 5 Advertisements
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Advertisement44 1977-11-25 5 COME TO THE BLACK TOWER x 5r Iteiv- 4ii« JujrfiAna, ct u < foads o*«i% ,58^®E3J gnnc rr«l» at rfwurla saT K at B"®* at wttwlrt t» oh itr-Offlhtr ML £>• Enjoy the chilling taste of Germany's finest white wine. Another quality product from Sime Darby44 words
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Advertisement164 1977-11-25 5 The SGV Group SGV -Goh Tan Pte. Ltd. SEMMAR ON TAX MANAGEMENT This Seminar is designed to provide participants with a broader and daepar insight of tha local tax principlas and statutory complianca requirements of both employers and employees. The topics covered in the seminar will give perticipants a comprehensive164 words
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Article2399 1977-11-25 6 1*77 High Low Company Lut Sale +orGr'i div Div e'vr Gr's y'ld N«t P/E Vol C900) Day Hifh Low SECTION ONE INDUSTRIALS 154 204 116 244 88' 205 166 246 418 146 134 165 58 212 57* 155 152 182 350 91 Acma Alcorn Allied Choc Bata2,399 words
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Article1340 1977-11-25 6 BID and ofTsr prices officially listed and htuiani in and rsaortsd to ikt Stock Kiekufi at Magapore yesterday with the suiter at shares traded mhown in brackets ia lots of I.Mt unite nnlsss otherwise specified. All Tiase Settlement Contracts are quoted after the word "Sett." Big Board1,340 words
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Article85 1977-11-25 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. C and C (Dec $1.90) (0.538 0.575). (Dec 12.30) (0.12B). (March $1.90) (0.588 0.645). (March85 words
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Article159 1977-11-25 6 SINGAPORE UNIT TRU8T INCOME BOND UNIT (Manager*' price* for Nov IS) (Currant pi rice*) The Commerce. 177 1.88 INCOME BOND I 06 1.14 The Saving Fund 106 1.12 MARA Bl'MIPUTRA FUND S pore Prog Fund 0 84 0 89 (Managar*' price* for Nov 2S) S pore Security First159 words
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Article154 1977-11-25 6 Rep Spore D Mark 7% 1982 (100,000) (101 *B 102 Rep Spore 6 1/2% 1983 (100.000) (1018 101 J «S) Rep Spore 7 3/4% 1987 (100.000) (9958 100HS) 4 3/4% 1/5/79 (250,000) (100.428 100.50S) 75 1/7/79 250,000) (100.958 101.15S) 7% 1/7/79 250.000) (100.958 101.15S) 5 3/4% 1/6/78-80 250.000)154 words
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Article148 1977-11-25 6 B O T 8 1/2% 1981 (100,000) (100HB101SS) B O T 7 5/8% 1984 (100,000) (978 97HS) Credit Lyonnai* Floating 1983 (100,000) (97W8 97%5) DBS Convert* 6 1/2% 1991 (100.000) (96'.8 96SS) D B S 8 1/2% 1982 (100.000) (1008 100'«S) E I B 9% 1982 (100.000) (1028148 words
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Article1598 1977-11-25 6 BID and offer price* officially listed and business in and reported to the Kuala l.umpur Stock E*chanKe yesterday with the number of shares traded shown in brackets in lots of 1,000 unit* unless otherwise specified. industrials Asms (1.3K8 1.418) Aimamats i 2 10B). Alssm (l> iu, Alas.1,598 words
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Page 6 Advertisements
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Advertisement176 1977-11-25 6 Confront Singapore's decision makers in Business Times 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 who For only $3.50 per single column centimetre176 words
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Article, Illustration576 1977-11-25 7 PROFIT-TAKING prevailed in the hotel sector amid generally mixed conditions on the Stock Exchange of Singapore yesterday. Sellers came out in numbers and reduced overnight gains made by most of the counters. Dealers said a high percentage of the sellers were shareholders who have been holding576 words
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Article428 1977-11-25 7 SHARE prices edged marginally higher in moderate trading on the Kuala Lumpur Stock Exchange yesterday. A moderate turnout of buyers reversed the overnight selling bout among the favourite issues. At the close, a firmer undertone was noted, especially among the lower-priced stocks, where renewed speculative activity428 words
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INTERNATIONAL STOCK MARKETS
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Article352 1977-11-25 7 HONOKONO: The market closed easier In quiet trading due to a lack of interest, dealers said The Hang Seng Index tell 4.77 points to 419.90. Jardine Mathaeon lost 40 cents to $13.00, Hongkong Bank 20 cents to 18.20 and HutcMaon 5.2S cents to 2.95 Hongkong Land and Swire Pacific352 words
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Article468 1977-11-25 7 TOKYO: Share prices plunged sharply on the strength of the yen with the Dow Jones average falling to this year's low of 4.497.26. down 126.48 from Tuesday's close, dealers said. The new index also fell 7 36 to 350 49 with volume of 210 million shares. Selling spread over468 words
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Article495 1977-11-25 7 SYDNEY: The market continued lower on pre-election nerves, led by Industrials, although some miners were firm on higher metal prices, dealers said. The Sydney Alt-Ordlnarles Index fell 3.99 points to 428.53. Among industrials. BHP fell six to 5.18 and banks were also lower, with the Wales losing eight to495 words
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Article168 1977-11-25 7 MANILA: The market closed mixed with mining and oil averages again higher while commercials declined, dealers said. Turnover rose to 5 09 million pesos from Wednesday's 4 94. million. Marinduque rose four points and Atlaa one while other mining issues either remained steady or gained slightly. Local Trant-Aaia and168 words
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Article124 1977-11-25 7 NOV U Bahts Asia Fibre 289 •11 Bangkok Bank 411 ♦2 Bangkok Invest 380 -8 Bangkok-Metro-3510 100 politan Bank BaU Berll Jucker 800 10 Charoong Thai 353 10 Wire Dumex Dusit Thani Faber Merlin First Trust 365 ♦7 Genera Finance 305 1 Indo-Thal Industrial Finance Corp 2305 40 J124 words
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Article310 1977-11-25 7 AMSTERDAM: The market closed higher over a broad front, dealers said. Dutch Internationals were steady except for Royal Dutch which closed 2 60 guilders lower due to large offerings. Hoogovena closed unchanged following news of Its 86.2 million guilder third quarter net loss In the rest of the market310 words
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Article153 1977-11-25 7 BRUSSELS: Share prices closed mixed in quiet trading, bourse sources said. Cobepa, Hobo ken. FN, Solvay, Moaane, Finoulremer rose but Cie Bruxelles-Larabert. Aaturienne, Vieille Montagne, Clabecq, Gevaert and Arbed fell. In foreign stocks UK and Canadians were mixed. US rose and French fell while Germans and Dutch were slightly153 words
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Article341 1977-11-25 7 FRANKFURT: The market closed mixed after early easiness Trading was nervous, reflecting uncertainty on the foreign exchange markets, dealers said. BASF, which expects stagnant sales growth this year, was little changed as Its interim report was largely in line with market expectations, dealers added. CoiMMrsbank fell 1.90 marks following341 words
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Article140 1977-11-25 7 MILAN Prices closed higher on renewed interest and less selling pressure, dealers said Fiat led industrials gainers Both Pirelli and Olivetti were also higher while the synthetic fibres sector recovered past days' losses Financials, banks and insurances were steady NOV 23 Lire Anic 147 25 2.25 Assoc Gen *****140 words
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Article344 1977-11-25 7 PARIS: Shares moved higher In quiet trading, bourse sources said. Rhone Poutenc shares were from business after rising by the maximum permitted while in Autos. Ferodo and Peugeot were sharply hleher. Foods were little changed but electrical*, stores, oils, steels and textiles were up. US and German shares were344 words
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Article332 1977-11-25 7 ZURICH: The market firmed slightly over a broad front, bolstered by higher New York prices, dealers said Buying at the lower levels was particularly active among leading industrials despite the fall of the dollar. Banks, financial and insurances moved higher. All three Schindler shares rose. BBC bearer eased following332 words
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Article372 1977-11-25 7 JOHANNESBURG: Gold shares were mostly higher on local and overseas demand following higher bullion Indications, dealers said Gains ranged between three and 10 cents in marginal and speculative shares with heavyweights between 15 and 23 cents up. Financial minings were quiet but selectively higher. De Beera closed four cents372 words
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Article362 1977-11-25 7 TORONTO: Share prices, narrowly firmer most of the day. closed broadly higher in active trading The Composite index was 2 1/2 points higher by the close. Advances outpaced declines 236 to 197. Francana Oil rose 3/8 to 7 7/8 on higher earnings. lAC, which is raising its dividend, added362 words
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Article1202 1977-11-25 7 NEW YORK: Stocks were higher across a broad front In active trading. Analysts said the market was extending Tuesday's rally, which was brought on by a smaller than expected increase in the October consumer price index. the peace overtures in the Mlddl* East and stability In short-term interest1,202 words
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Article64 1977-11-25 7 FINANCIAL TIMES INDUSTRIALS Wednesday 470.0 Tuesday 471.8 Week Ago 484.3 DOW JONES AVERAGE INDUSTRIALS Wednesday 843.30 Tuesday 842.52 Week Ago 837 06 LONDON DOLLAR PREMIUM Wednesday 973*« to 98% Tuesday 100 to 100 l t H.K. HANG SENG Wednesday .424.67 Tuesday 422.37 Week Ago 430.80 SYDNEY INDUSTRIALS Wednesday 378.0764 words
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Advertisement595 1977-11-25 7 For complete banking services, call: Almmm Bank NtMwrf NV 2 Cecil StiMt (Tel: *15.511) Bank Am—tea CJiHard Centre 24 liMn Mace SIUMfWI 1 (Td: *13.322) Aim CwwMfcM Banking Catyn M 104/104 Rokinun Read Sinaaaare 1 (T3T222».222> A»ien-Fe»ilifc-BnnkAG Mtixamiw Floor SO CeNyer Quay (Tal: *11.955) gonca Cemmerciate Iteliene S pan Shing595 words
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COMMODITY REPORTS AND PRICES
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Article441 1977-11-25 8 THE SINGAPORE rubber market opened about unchanged yesterday, then rose gradually throughout the morning on covering demand and speculative buying influenced by a London report of fresh Russian offtake for January. Forwards up to Apl-June 1978 were well traded. Turnover was moderate. The morning session441 words
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Article30 1977-11-25 8 Rubber: Nov 24 Singapore: December 204.50 cents (up 50 cent*) Mtltviia: December 204.50 cents (up 0.25 cents) Tin: $1,781 (down $4) Official offering: 205 tonnes (up 35 tonnes)30 words
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Article393 1977-11-25 8 R A S. prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Int. 1 R.S.S prompt f o b. 204 y 50 S Int. 1 R.S.S. Dec 1977 "205 25 Int. 1 R S.S- Jan 1978 206,25 Int. 2 R.S.S 202 50 UK/Cont. 201 SO393 words
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Article109 1977-11-25 8 NOON SSR arid SMR prices yesterday: December A s (lurTentMlh) Buyers Sellers (cents per kg) •January (forward M«h) Buyers Sellers (cents per k«) SSR50 SSR50 <1-ton pallet) (1-ton pallet) 198 50 196 00 200 50N 198 00N 199 50 197.00 201 50N 199 OON M.R.E.L.B SMR5CV SMR5L109 words
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Article257 1977-11-25 8 LONDON, Thurs. Terminal sugar opened £0.05 down from Wednesday night to 10.65 up in restricted trading volume. Dealers said the generally steadier trend followed from slightly higher kerb levels but was largely influenced by sentiment. Option covering was again featured, they said. The London dally raws price was £2257 words
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Article73 1977-11-25 8 C.I.K. Rotterdam. US dollars per ion LONDON .r HWmdat Previou« Malaysia V*. Ha bulk Jan/ Apl 450 Sir 455 sir Sumatra 5% Ifa Nov 460/ 462'»pd 445 sir Dec 452' i/455 pd 4#5slr Jan 452 50 pd 457 50 Sir Feb 477.50 pd 447'.Sir/440 pd March 477'i/ 45073 words
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Article480 1977-11-25 8 THE Singapore produce market remained quiet yesterday, with prices of all the commodities holding steady in very light trading. The only firm spot was gambler which appveclated by $10 per plcul to $240 for the first time in many months. Inquiries trickled in for copra and pepper mainly480 words
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Article351 1977-11-25 8 HONGKONG, Thurs. Trading In sugar futures was steady throughout the day with prices ended near yesterday's close. Trading was quiet ahead of the US holiday, dealers said. Total turnover fell to 70 lots from 93 yesterday. i'loaing Previous Mch 9.16/18 9 18/17 May 9 60/61 9 60/61 Jly351 words
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Article335 1977-11-25 8 LONDON. Thurs. Terminal coffee closed the g morning quietly steady ils to 132 lower. Volume was 603 lots including six options. v Dealers said the market t ended little changed from opening levels after trade buying had lifted some positions from earlier lows. Overall trading was thin reflecting the335 words
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Article202 1977-11-25 8 BANGKOK, Thurs. Indicative prices for rice quoted today: (US dollar* per tonne rob bail* Bangkok): While Rio*: 100 pel Ist Clau 319. 100 R2nd 305. 100 pet 3rd 2W 5 pet 289. *t 270. IS pet M 7. 20 pet 284, 25 pet 257. 35 pet una. Broken: A-l202 words
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Article134 1977-11-25 8 CHICAGO, Thurs. Soybean futures closed with losses of U54.00 to 2-1/4 cents a bushel yesterday at the end of a relatively light trade. Prices firmed on shortcovering before turning downwards on liquidation and speculative selling after buying interest dried up and product futures showed weakness. Additional short-cover-ing later was134 words
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Article155 1977-11-25 8 CHICAGO. Thurs. Wheat ttqV 1 8 y ester day closed J* 8 00 eent a bushel lower to 3-1/4 cents higher at the end of a light trade .«h^ 1c .r anged either side of the previous close but managed small gains as exporter buying and a firming in155 words
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Article215 1977-11-25 8 THE Straits tin price in Penang yesterday was down Ms 4 to 51.781 on an official offering up 35 tonnes to 205 tonnes. Despite Wednesday's London firm closing, values fell marginally on technical correction following a sharp rise. In LONDON yesterday, tin standard was up £2 for cash215 words
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Article417 1977-11-25 8 »> LONDON, Thurs. Cocoa No opened 129.50 to 113 per tonne lower in a turnover of *j° 331 lots which included 60 wr self trades. Only the first three positions changed hands at the call. iq Traders attributed early 10. selling to weakness in New York late Wednesday Physicals417 words
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Article361 1977-11-25 8 LONDON, Thurs. Copper wlrebars finished the morning with losses of £3.50 for cash and £2.50 for three months. said the market drifted lower under early profit-taking and then some hedge selling in dmand f ft Bh phys,cal Three months fell to £666 in the ring before shortcovering near the361 words
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Article197 1977-11-25 8 LONDON. Thurs. Silver closed with losses of 0.1 to 0.4 pence per troy ounce. Values were marked down In sympathy with softer gold but some shortcovering held the market around 263.8 pence for three months aided by the bullion dealers' fix. Sales of 64 lots were mainly carries. On197 words
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Article408 1977-11-25 8 i THE kilobar in the Slngaf pore market yesterday > opened at 5512,112 and I rallied to close at 5512.200. In the London market, i the metal opened at U*****.20/ 40 and closed at U*****.50/ 70. The London morning fix was U*****.00, down 30 cents from the previous fix.408 words
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Article98 1977-11-25 8 LONDON, Thurs. Lead gained mostly £2.50 per tonne. L Dealers said the metal found some chart buying 'j support on the pre-market 11 around £355 for three months and rose a further £3 in the ring before pro- fit-taking trimmed the ad- fl vance. si Sales of 3,525 tonnes98 words
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Article75 1977-11-25 8 LONDON, Thurs. zinc was £0.50 per tonne lower for cash and unchanged for three months. The metal maintained a steady undertone with fresh buying interest absorbing fairly substantial hedge selling on the late kerb. On Wednesday, zinc closed with gains of mostly £0.50 per tonne. During the afternoon, the75 words
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MONEY AND EXCHANGES
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Article501 1977-11-25 8 THE FOREIGN exchange market held steady yesterday, with no new influencing factors. Currencies hardly moved at all till the entry of London in the afternoon, which caused a slight slip in prices. The yen, with the Bank of Japan's heavy intervention yesterday, opend at 239.95/05 to the US dollar.501 words
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Article44 1977-11-25 8 ACBG Firm! Aiffemene Bank 7 Bangkok Bank 7 HSBC Bank of America 7 Bank of China 7 Bank of Tokyo 7 Indoeuez Malayan Banking Bank Necara Indonesia 7 OCBC OUB Chartered Bank 7 L'CB Chase ManhatUn 7 DBS 7 L'MBC UOB44 words
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Article159 1977-11-25 8 Asian rates 1 ASIAN currency deposit Interbank ram «J at clow on Nov 24 USD* lar(Spot) Bid Offer 7 days 6 5/8 61/2 1 mth 6 3/4 6 5/8 2 mths 71/16 615/16 3 mths 7 1/8 7 6 mths 7 3/8 71/4 9 mths 7 7/16 75/16 12 mths159 words
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Article43 1977-11-25 8 RANGE of prices offered by discount houses on No* 24 Overnight 3'** Call deposit 3* to 3>*% Treasury bills 31/4 3 l/t 3-Month BankWIU 413/16 4 11/16 3-Month CD 5 5/16 5 3/16 6-Month CD 513/16 511/16 Source: National Discount Co Ltd43 words
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Article150 1977-11-25 8 Euro rates LONDON, Thurs. Period Eurodollar deposit rates up to six months opened higher due to the loss of the Friday dealings technicality while snort dates opened unchanged, dealers said. Initial gains in fixed dates ranged rom 3/8 in one month to 1/16 in six months, with a Friday end150 words
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Article55 1977-11-25 8 ZURICH exchanges closing quotes on Nov 23. US 2.1053-IM3 uk ymn-rm Out l .MtS-MM W Oertn M 02-10 Netfl N N4I Franc* 49 14- It Brl< e 23-23-3/4 IVli Denm 35 74-77 Norm 40.21-24 Swed 45 84-87 Italy 0 24*4-2408 Austria 13 74-75-1/2 Port 5 37-1/1.40 Spain 2 84-1/2-8555 words
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Article56 1977-11-25 8 FRANKFURT exchanges opening quotes on Nov 24. US 2 2300/ 10 C*n 2 0040/ 00 UK 4.001/ 097 Neth 92 57/ 07 Bwltt 101.04/ 102.04 ttaljr 2 540/ 547 1 Franc* 45 07/ 48 07 Norm 40 07/ 41 07 Be|« com 8 340/ 350 Be If fin 856 words
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Article133 1977-11-25 8 NEW YORK. Thurs. The dollar yesterday closed generally weaker against major currencies In light trading ahead of the Thanksgiving Day holiday. The yen provided the main feature of the day, closing at U50.4166/68 cents, below its opening level of 0.4182/87 cents, but above Tuesday's closing of 0.4157/59. Dealers133 words
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Article151 1977-11-25 8 LONDON, Thurs. The dollar extended Its decline in early trading against all major currencies. Market belief that the US currency's downward trend will continue was reinforced by reports the US current account will remain in deficit for several years and news of criticism of the US at the OECD151 words
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Article169 1977-11-25 8 TOKYO. Thurs. The US dollar for overnight delivery closed at 240.00 yen, unchanged from the opening and compared with 241.30 at Tuesday's close, after massive central bank intervention. Dealers estimated the central bank's purchases totalled at least US$5OO million, out of total spot trading volume of $622 million. Dealers169 words
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Article175 1977-11-25 8 HONGKONG, Thurs. The US dollar eased slightly to 239.60/80 yen from Its New York closing mid-point equivalent of 239.98 in active trading. The US unit opened at 240.00/10 yen and flue- tuated narrowly during Bank of Japan Intervention In Tokyo until the Tokyo market closed, and it touched 230.50/70175 words
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Article54 1977-11-25 8 AUBTRALIA/ NZ exchanges quoted on Nov 24 AUSTRALIA: US dollar 1.1331/ 1.1200 Syerllnc 0 8253/ 0 8183 Sterling 0 8303 US dollari 1 188) sss^!\sr m n M US doilan ***** NEW ZEALAND Sterling 0 5605/ 0 5475 US dollar 1 0041/ 0.0041 Ninety-day forward rates: Sterling 0 555354 words
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Article412 1977-11-25 8 LONDON. Thurs. Trading in Eurobonds was very subdued with prices basically steady. Mark bonds were largely unchanged while guilder issues lacked interest. Eurobond price* quoted I on Nov 24 Straight* BM Offisr Nippon Fud Bank 7 75 82 87 50 98 25 D8M (Holland) 8 25 87 87 75412 words
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Page 8 Advertisements
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Advertisement147 1977-11-25 8 Don't let the language barrier stop you from wider \PI contacts I i: m <K Y \>o^ e v Wi •?.S<ifee£ »o -v 3^ d *\xo IV V>> e v°";. e*° J V YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travel- ling in fact anywhere and147 words
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TRANSPORT AND COMMUNICATIONS
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809 1977-11-25 9 NYT NEW DELHI, Thurs. Vladimir Sllvltzky, assistant director-general of the government and public affairs wing of the International Air Transport Association (lATA), yesterday indicated that there could be no reduction in air fares by any of the lATA member countries. Mr. Sllvltzky was deliveringNYT - 809 words
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539 1977-11-25 9 LONDON, Thurs. Growth in seaborne trade will be sustained at a rate that should cause some recovery in shipping markets during 1979, Terminal Operators, the Independent research and consultancy unit of shipbroker Eggar Forrester, says. In a review of the shipping market up539 words
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Article, Illustration429 1977-11-25 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Don Eduardo (1400 after Toyofuji Maru) 44 Golden Wonder (1500 subject freeboard) 27/28 King River (0600) 24 Morshansk (after Thomaseverett) 1/2 New Sapphire (0630 after Turkmen lya) 42/43 Palm Sea Horse (0500 after Sado Maru P/O) 13/14 Seiko Maru (B. Barge) (1000) 48429 words
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277 1977-11-25 9 Reuter NEW YORK, Thurs. Businessmen are moving swiftly to book flights on the Anglo-French supersonic Concorde airliner, which on Tuesday made triumphal maiden scheduled flights to New York. British Airways, which will only be operating Concorde flights two days aReuter - 277 words
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Article162 1977-11-25 9 AFP JAPAN. Thurs. The 160,000-man All Japan Seamen's Union opened Its annual convention today in this port city for five-day discussions on employment security amid the shipping depression. During the five days until Monday, the seamen will discuss a draft action programme for fiscal 1978 andAFP - 162 words
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98 1977-11-25 9 Reuter NEW YORK, Thurs. British Airways plans to buy about 20 new aircraft costing about €120 million over the next five years and they will almost certainly be American, deputy chairman Ross Stalnton said. He told a press conference purchases would be ofReuter - 98 words
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Article147 1977-11-25 9 AP SEATTLE, Thurs. Seattle's crowded harbour must get ready for a 10 percent increase In shipping next year from the Orient, says Port of Seattle executive director' Richard Ford. Mr. Ford, recently returned from Far East Trade Centres, told the port commission on Tuesday thatAP - 147 words
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323 1977-11-25 9 AP NEW YORK, Thurs. The striking International Longshoremen's Association, abandoning hopes for an earlier vote, has set next Monday as the target date for ratification of new contracts for 50,000 dockworkers on the US Atlantic and the Oulf of Mexico coasts. ILA presidentAP - 323 words
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Article199 1977-11-25 9 AP LONDON, Thurs. On a persistently slow freight market yesterday, with little prospect of recovery until after the weekend due to the Thanksgiving holiday in the United States, US Gulf grain rates continued to display a bearish trend. This applied to shipments to both the Continent andAP - 199 words
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Article712 1977-11-25 9 ARRIVALS Service Loo* 1 Operator Number Time From KAL KE807 0015 SEL CAL CI331 0040 TPE/HKO/KUL MAS MH0O1 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0850 PEN MAS MH607 0900 KUL MAS MH671 0948 PEN/KUL SIA SQ103 1015 KUL OIA OA 980712 words
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Advertisement56 1977-11-25 9 HIGHLIGHTS OF OUR NOVEMBER ISSUE PROPERTY The condominiums will be read\ soon and the winner is the developer who offers the best package. LIFE AT THE TOP Personality profile of British Airways' David Lowe: Watching the birds go by. TRENDS W hat is influencing metal prices? C offee: Bluff and56 words
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Article, Illustration895 1977-11-25 10 NYT NEW YORK, Thurs —"We all still bear the consequences of four fierce wars waged within 30 years," President Anwar El-Sadat told the Israeli parliament at the start of this historic The worst of those have obvious-* been the loss of lifeNYT - 895 words
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1820 1977-11-25 10 W.L. LUETKENS - the outlook for the next five years is for relatively modest growth, persistent inflation, high unemployment, and very large current account deficits." W.L. LUETKENS looks at the Canadian economy. W.L. LUETKENS FT LONDON: The growth of the Canadian economy will accelerate In 1977 and 1978FT - 1,820 words
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Article899 1977-11-25 10 KUALA LUMPUR, Thurs. The silence surrounding the delay In the completion of the final report on the feasibility study for Malaysia's US$25O million urea project has fuelled speculation that Its planners have still yet to find solutions to certain problems which might have cropped up.899 words
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1095 1977-11-25 10 DAVID CHURCHILL - 'With Government, bosses and workers locked in a clumsy struggle over pay increases, many people look for other ways to reward hard work and good ideas. Incentives for useful suggestions are coming back into favour, and can run to a fortnight onFT - 1,095 words
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Page 10 Advertisements
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Advertisement158 1977-11-25 10 the 8 Steps to Health and Peace by Richard L. Hittleman (author of m yoga 28 day EXERCISE PLAN) Richard Hittleman, the most widely-read author in tha world on tha subject of yoga, preaents in this hook his moat complete and in-dapth study of the subject to data. Inatruction is158 words
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533 1977-11-25 11 JAKARTA, Thurs. A Vietnamese trade mission began talks with Indonesian officials on matters relating to the continental shelf between the two countries. Foreign Office sources said it was believed that there was some oil resources near the Natuna island in the South China Sea off West533 words
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Article, Illustration404 1977-11-25 11 AN AUSTRALIAN company formed to produce cultured pearls has established 15,000 oysters on submerged rafts near Broome on the Western Australian coast. The rafts represent a radical departure from conventional methods of growing cultured-pearl oysters from rafts floating on the surface. Fishing entrepreneur Mr. Michael404 words
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362 1977-11-25 11 IN WHAT seems at first glance an interesting exercise in 'Carrying coals to Newcastle or. alternatively. "Teaching Asian grandmothers to suck eggs." the Americans are bringing soyabean "technology" and nutrition knowhow to Singapore next year. The 2nd International Soya Protein Food Conference will be362 words
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224 1977-11-25 11 THE US International Marketing Centre (IMC) will stage an exhibition of avionics and aviation support equipment in February next year. Aviex *78, from Feb 20 to 24, will feature US airborne communication equipment, automatic direction finders, surveillance equipment, complete automatic pilot systems, airborne radar,224 words
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207 1977-11-25 11 PENANG. Thurs. Firms from Philippines. Indonesia and Singapore have confirmed their participation in the month-long Pesta Pulau Pinang Trade Fair beginning on Dec. 1. Chairman of the {air subcommittee. Mr. Saw Hung Eng said the response to this year's fair was very good.207 words
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Article166 1977-11-25 11 AFP LONDON, Thurs. Chinese External Trade Minister Li Chiang will arrive here on Monday for a week-long visit and talks with British leaders. Sources here said that the main lteni on the agenda will be the possible supply to China of British defenceAFP - 166 words
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Article1498 1977-11-25 11 CANBERRA MOVE TO SAVE JOBS > CANBERRA. Thurs. Australian clothing manufacturers have welcomed tough new protection, policies introduced by the government to aid domestic clothing factories and the textiles and footwear industries. Sharply Increased tariffs on foreign imports, which are expected to hit hard Asian exports1,498 words
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Article203 1977-11-25 11 THE first six months of this year saw an increase in the number of tourists visiting i Thailand, according to the < statistics from the Tourist j Organisation of Thailand. The total visitor arrivals from Jan-June 1977 was 561.188, or an Increase of J 2.81 per203 words
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552 1977-11-25 11 AP UPI SAN FRANCISCO. Thurs. Prime Minister Robert Muldoon said he is heartened by the Carter administration's reactions to his bid for,easing American trade restrictions on New Zealand beef, dairy products and wool. "There has been plenty of support for this principle."AP; UPI - 552 words
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488 1977-11-25 11 EUROPEAN Investors have indicated their interest in a number of industrial projects in the Malaysian state of Kedah which the Mentri Besar. Datuk Seri Syed Ahmad Shahabuddin. estimates will cost at least MS6O million. Datuk Sen Syed Ahmad, who returned from a month-long investment promotion488 words
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Article436 1977-11-25 11 UPI HONGKONG. Thurs, Bits of old wood found In a drained reservoir have revealed a pattern of ancient world trading activities and are of far reaching archaeological importance. It has taken since 1974 for scientists to complete an excavation that has revealed the first concrete evidence ofUPI - 436 words
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Article, Illustration99 1977-11-25 11 A MEDIA conference will be held here from Nov 26-27 Ogilvy and Mather (Singapore), the hosts say that this will be the first time they have staged such a conference In this region. Senior media, creative and management personnel from Thailand, Malaysia Indonesia. Hongkong, UK* New99 words
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Article93 1977-11-25 11 TOKYO, Thufs. North Korea has been deferring pavments of interest since July this year on its trade debts to Japanese traders and banks, which were rescheduled late last year, local banking sources said. The Japanese side .has so far allowed the North Koreans to defer Interest payment without93 words
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Advertisement273 1977-11-25 11 APPOINTMENTS Schlumberger GRADUATE ENGINEERS SCHLUMBERGER WORLD'S LEADING OIL WELL < LOGGING COMPANY SEEKS GRADUATE ENGINEERS MSC OR BSC/ BA (HONS) IN ELECTRONIC. ELECTRICAL OR MECHANICAL ENGINEERING OR PHYSICS FOR VERY• DEMANDING FIELD ASSIGNMENTS IN EUROPE, AFRICA, MIDDLE EAST AND FAR EAST. CANDIDATES MUST BE SINGLE UNDER 28 YEARS OF AGE273 words
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777 1977-11-25 12 Agencies BRUSSELS, Thurs. Hongkong, the main supplier of textiles to the European Economic Community, has been showing more flexibility since talks on textile quotas with the EEC were resumed here on Monday, observers said yesterday. The European Commission confirmed to the Council of ForeignAgencies - 777 words
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Article, Illustration301 1977-11-25 12 SALMA KHALIK - By SALMA KHALIK THE Singapore Bus Service (SBS) guide is being sold at 80 cents in the drugstore in the Singupura Forum Hotel, instead of the official price of 50 cents. A spokesman for the store told Business Times that the price hike was301 words
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Article70 1977-11-25 12 JAKARTA. Thurs. Singapore would like to buy coal in large quantities from Ombil, West Sumatra. The Ambassador to Indonesia. Othman Wok disclosed that Singapore needed coal for its electric power plants during a familiarisation tour of Sumatra where he met North Sumatra Governor Marach Halim and70 words
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223 1977-11-25 12 UPI NEW YORK. Thurs. Foreign investments of major oil exporting countries will reach more than US$2OO hillion (SS4BO billion) this year, four times as much as their foreign debt. A Morgan Guaranty Trust Co. study, however estimates that the 13 members ofUPI - 223 words
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170 1977-11-25 12 I HANOI. Thurs. The Vietnamese government has reshuffled its cabinet for the second time since last March. The main departments affected in this essentially technical reshuffle were building, metals, and maritime products. Vice-Premier Do Muoi resigned as Building Minister to take charge of capital170 words
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567 1977-11-25 12 CHAN SONG SOO - •y CHAN SONG SOO SOME most unlikely rumours have been making the rounds in Singapore and London tin trade circles lately that the United States has contracted to purchase 50.000 tonnes of tin from China for release to the world market. Not567 words
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263 1977-11-25 12 Reuter NEW YORK. Thurs. New York State Banking Department said it is considering a plan by 11 major banks to establish a Free Trade Zone for banking in the city. The plan submitted by New York State Bankers Association onReuter - 263 words
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Article41 1977-11-25 12 Reuter WASHINGTON, Thurs. The Federal Reserve Board said It cut the minimum rate on loans secured by customers' time or savings deposits to one per cent above the return on the deposits from two. effective immediately Reuter.Reuter - 41 words
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Article757 1977-11-25 12 LONDON. Thurs. The stock market lost ground on the expectation of a substantial increase in the UK minimum lending rate and some disappointing company results, dealers said At 3 p.m the Financial Times index was down 10.9 at 459.1. Short-dated government bonds extended early falls slightly to close757 words
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724 1977-11-25 12 NYT UPI NEW YORK, Thurs. A P ,an to prevent the Possible manipulation and cornering of the coffee futures market next month was disclosed by the government and the New York Coffee and Sugar Exchange yesterday. The plan was formulated after it becameNYT; UPI - 724 words
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Article253 1977-11-25 12 THE NATIONAL Wages Council's recommended wane increases have been keeping pace with the Consumer Price Index increase* in the last five years. A table by the Singapore International Chamber of Commerce shows that, in line with the 52.5 per cent increase in the CPI from253 words
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Article462 1977-11-25 12 No winning smile AN ordinary enough scene another day at the bank but the customer finds himself facing not a pretty teller with a winning smile but a stone-faced computer instead. By simply pushing one button after another, he can cash his cheque, get his balance statement, deposit and transfer462 words
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Page 12 Advertisements
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Advertisement114 1977-11-25 12 «»E|| TEPPAN-YAKI Arm SINGAPORE OK OH Japanese Restaurant 4th Fir, Supreme House, Penang Road, Tel *****1 sat OK OH OF GINZA Japanese Restaurant Basement. Hong Leong Bldg. Raffles Quay. Tel *****81 KATSURA Japanese Steak House Orchid Inn, Dunetrn Rd. T *l *****2 rov BMu Protect Nam* S) ONCE-IN-A-LIFETIME OPPORTUNITY AWAITS114 words
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Advertisement203 1977-11-25 12 Why everyone wants to copy our copier Until now, a good quality copy was a question of price. The only way to obtain a clear, sharp, deep black oopy was to invest in an expensive plain paper copter. Then came our Omega 303 an electrostatic copier that competes in performance203 words
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