The Business Times, 1 December 1977
1977-12-01
1
12
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The Business Times
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Title Section10 1977-12-01 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, DECEMBER 1, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article74 1977-12-01 1 Reuter LONDON, Wed. British shipbuilders has reallocated the contract for the first of seven ships, lost by Swan Hunter Shipbuilders yesterday, to Govan Shipbuilders on the Clyde, Scotland, a spokesman for the state-owned holding company said. The order for seven 16,500 tonnes dwt bulk carriers worthReuter - 74 words
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Article52 1977-12-01 1 Reuter BANGKOK, Wed. Thailand has contracted to sell 10,000 tonnes of rice to Singapore on a !overnment-to-government basis for anuary/March delivery, Commerce Ministry sources said. The rice consists of 5,000 tonnes 100 per cent second grade and 5,000 tonnes 10 per cent white rice. Prices were notReuter - 52 words
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Article45 1977-12-01 1 JURONG Engineering has been awarded a $5 million overseas contract to construct a palm oil extraction plant. The firm, in Tanjong Kllng, expects to complete the plant by early 1979. This Is the first time It has been awarded such a contract.45 words
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Article56 1977-12-01 1 NEPTUNE Orient Lines, Singapore's national shipping line, has chartered three Freedom ships to China to cope with the country's growing demands for shipping tonnage. An NOL spokesman said the ships will be chartered out to Zhongzu, a Chinese chartering company, for a year each. The ships are Neptune56 words
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Article72 1977-12-01 1 AFP KUALA LUMPUR, Wed. The government has agreed to accept the compensation offer of MJ2.66 million by the owners of the Philippine tanker "Diego Sllang" which was involved in a collision In the Straits of Malacca last year, causing an oil spill The spill had affected the livelihoodAFP - 72 words
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Article76 1977-12-01 1 UPI WASHINGTON, Wed. The government index that is supposed to predict the future direction of the American economy rose 0.7 per cent in October for the fourth consecutive monthly gain, the Commerce Department reported today. It was a solid rise In the index of leading economic indicators, indicatingUPI - 76 words
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Article81 1977-12-01 1 UPI NEW YORK, Wed. Stocks headed lpwer early today despite the Commerce Department's report of a 0.7 per cent rise in Its October index of leading economic indicators. Trading was active. The Dow Jones Industrial average, which plunged 12.30 points yesterday, was off 4.33 points to 822.94 shortlyUPI - 81 words
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Chief Price Changes
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Article, Illustration180 1977-12-01 1 SELECTED shares were accorded bullish treatment m generally steady trading on the Stock Exchange of Singapore yesterday. Inchcape, in particular, attracted some heavy dealings and closed nine cents higher at $2.36. Reflecting such gains, the Business Times index finished 7.% points higher at 476.92 while the Straits180 words
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Article104 1977-12-01 1 Rites M. Weaving 1.17 Inchcape 2.38 Temerloh 2.50 B. Raya 1.45 CandC 2.51 Mega 1.02 Bolton 1.34 Pan Elec 1.87 Magnum Corp 2.98 .17*4 .12 .10 .09 .07 .00 .00 .05 .05 Most active Msla Weaving 541 000 Inchcape 234! 000 KnnJ? 0 167 > 000 Kullm104 words
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Article, Illustration716 1977-12-01 1 JOHN TAN - GREATER ECONOMIC COOPERATION ■y JOHN TAN A LEADING economist has urged Asean countries not to be too optimistic about regional economic cooperation but instead face the hard realities and limitations of the grouping. Regional political commitment, he said, is a necessary but Insufficient condition for716 words
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Article306 1977-12-01 1 Reuter AFP HONGKONG, Wed. Negotiations on a bilateral textile agreement between Hongkong and the EEC will continue for another day despite the fact that the European grouping had set today as the deadline for the talks. Hongkong's acting director of Trade, Industry and Customs, Bill Dorward,Reuter; AFP - 306 words
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678 1977-12-01 1 COLIN CHEE - •r COLIN CHEE THE Singapore Government will raise about $145 million on the Tokyo capital market with a 15 billion yen 10-year bond issue in the middle of this month. The offer has tentatively been timed for Dec 19, it was officially confirmed yesterday.678 words
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Article485 1977-12-01 1 THE UK Department of Trade has enforced Its existing agreements with Singapore Airlines and Malaysian Alrttne System regarding the serving of free drinks and inflight entertainment to economy class passengers. SIA passengers have been paying for these faculties since Oct 1 and MAS485 words
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320 1977-12-01 1 THE FUTURE of Singapore's economy looks bright now in view of the 4 per cent real growth > achieved by the advanoed countries on whom Singapore depends for most of her exports. This assessment was given by the director of Singapore's economic think-tank, Hie320 words
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313 1977-12-01 1 Reuter MANILA, Wed. A new report by the Asian Advisory Committee of the International Labour Organisation (ILO) warns Asian countries that they must guarantee workers their fundamental rights If the nations are to succeed in achieving greater self-re-liance and development. The report,Reuter - 313 words
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Article240 1977-12-01 1 AP BRUSSELS, Wed. Representatives of the Common Market will try to ensure Japan Increases imports from Western Europe as well as from the United States In its emergency programme to meet complaints from the outside world about Its trade balance, a spokesman said today.AP - 240 words
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Page 1 Advertisements
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Advertisement39 1977-12-01 1 AKAI Oversee* New*/ TV Radio Overaeaa News/ Crosswords Local Co. News I 1 INSIDE Oversees Stocks P 2 Commodities Transport ComP 3 munications P 4 Features International Co. News pg Local St Overseas Local Stocks pg News p 11,1239 words
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Advertisement125 1977-12-01 1 3 T 1 iW mM i lEStt AMORT mSTINCMSHED CAR' > Peugeot 604 exudes luxury. It's rigid body is protected by Electrophoresis and six handsprayed coats of paint plus a top layer of varnish. Insulation from noise and vibration is achieved via a floating differential, seats that are tuned to125 words
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Advertisement286 1977-12-01 1 Front Load SEE PAGE 11 Which bank works for you around the clock, and around the world? We do. Bank of America. I inlay, when world-wide money markets and exchange rates change rapidly, the ability to make on the-spot decisions quicklv is more vnal than ever. That's v. hv flur286 words
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OVERSEAS
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829 1977-12-01 2 Agencies BRUSSELS, Wed. Accelerated development of coal, natural gas and nuclear energy would be in the Interest of all oil producing and consuming countries, a French oil Industry official said yesterday. Andre Benard. director of Shell-France, said In a panel discussion organised by theAgencies - 829 words
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255 1977-12-01 2 AP CARACAS, Wed. Foreign Minister Simon Coasalvi has sent to the Venezuelan Congress a proposed law that would set up an exclusive 320 km economic zone off its shores. A brief ministry statement said the nine-article law "clearly establishes Venezuelan sovereigntyAP - 255 words
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Article369 1977-12-01 2 AFP UPI LONDON, Wed. Higher Soviet Imports are expected to boost International wheat trade to new record levels in 1977/78, the monthly survey from the International Wheat Council forecast, while endseason world stocks may show their first decline in four years. Meanwhile, world production In 1977AFP; UPI - 369 words
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965 1977-12-01 2 NYT NEW YORK, Wed. Several controversial questions arose last week after the Federal Commodity Futures Trading Commission and the New York Coffee and Sugar Exchange sharply restricted dealings In the coffee futures contract fearing an attempt to manipulate the market. What prompted the questionsNYT - 965 words
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608 1977-12-01 2 NYT WASHINGTON, Wed. At a time when Washington is trying to Improve relations with Latin America, the United States Is being accused of breaking faith with Latin sugar producers by falling to consult them before dropping a tariff bombshell. Latin unhapplness atNYT - 608 words
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221 1977-12-01 2 UPI CHICAGO, Wed. A new sugar substitute that could replace the controversial artificial sweetener saccharine has proven safe after a year of research by the University of Illinois medical centre. Dr. Ann Reynolds, dean of the university's graduate college and supervisor of the research, saidUPI - 221 words
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Article140 1977-12-01 2 AFT LUSAKA. Wed. Zambia yesterday accused the European Beet Sugar Growers' Association (EBSOA) of trying to prevent Zambia and other developing countries exporting cane sugar to the EEC. Zamblan Minister of Commerce and Trade James Mapoma said Africa, Caribbean and Pacific (ACP) countries were supposed to export 1.4AFT - 140 words
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126 1977-12-01 2 Reuter LONDON, Wed. A car plant which used to make British cars was back In production yesterday after a two-year lapse but now it Is assembling Japanese Subaru cars. The plant at West Bromwlch near here produced the fast and luxurious Jensen cars untilReuter - 126 words
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216 1977-12-01 2 AP WASHINGTON, Wed. Tourists from 011-rlch Venezuela and Iran are visiting the US in record numbers. In August, at the height of the tourist season, Venezuela ranked sixth and Iran tenth among countries sending visitors to America. Tourists from Iran totalledAP - 216 words
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Article288 1977-12-01 2 AP MOSCOW, Wed. Prices of clothing, shoes and some other quality products will rise tomorrow; the latest In a series of price Increases over the past year. Sources said yesterday the Soviet Union is attempting to Improve the quality of consumer goods, and the priceAP - 288 words
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Article100 1977-12-01 2 HELSINKI, Wed. Central Bank governor Mauno Kolvlsto said in a statement Finland will draw a further US$2OO million (***** million) of earmarked standby credits totalling $700 million. Finland drew a first Instalment of $100 million six days ago and will thus have $400 million left after the present100 words
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734 1977-12-01 3 Reuter LONDON, Wed. Britain will have a 1978 payment surplus of more than £2 billion (SSB.6 billion) on current account after a £500 million surplus this year. An Independent, research group, the National Institute for Economic and Social Research (NIESR), predicts that theReuter - 734 words
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637 1977-12-01 3 Reuter LONDON, Wed. Major US banks In London may raise their sterling lending rates following the general rise in UK short-term money market Interest rates. American Express International banking group yesterday announced a onepoint rise In Its base rate to 7Reuter - 637 words
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Article58 1977-12-01 3 BERLIN, Wed. The Federal Cartel Office said It will permit six West German power supply companies to set up a joint subsidiary to handle all their nuclear fuel purchases for 10 years. The planned subsidiary, Gesellschaft Fuer Kernbrennstoffe, will have the exclusive right to conclude contracts covering58 words
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287 1977-12-01 3 UPI WASHINGTON, Wed. The United State* Internal Revenue Service is refilling to reveal its recommendationa on change* in a 1955 tax credit ruling favouring major oil companies. And a Houae subcommittee ia threatening to subpoena the secret IRS recommendations, given toUPI - 287 words
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Article171 1977-12-01 3 Reuter STOCKHOLM, Wed. Sweden's gross national product, down 2 per cent In volume this year from 1976, will fall a further 0.5 per cent In 1978. The Federation of Industries In Its autumn economic forecast said Industrial production will decline 2 per cent In volume againstReuter - 171 words
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Article, Illustration945 1977-12-01 3 TAX CUTS TO BOOST INVESTMENT NYT WASHINGTON, Wed. Economic policies of the Carter Administration are shifting constructively to encourage business Investment through tax cuts and other measures. Dr. Arthur Burns, chairman of the Federal Reserve Board, yesterday praised President Carter for the shifts,NYT - 945 words
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818 1977-12-01 3 AP NYT WASHINGTON, Wed. The US Treasury will Investigate a petition by the National Steel Corporation alleging that six European companies are Illegally selling steel in America below production costs. The investigation involves cold rolled and galvanised carbon steel sheets, which make upAP; NYT - 818 words
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134 1977-12-01 3 Reuter AFP ROME, Wed. Italy could have a current payments surplus this year of US$l.5 billion (SS3.B billion), much higher than earlier government forecasts of equilibrium or a $500 million surplus. Senior economists said the Improvement in the payments position coincides with a reductionReuter; AFP - 134 words
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Article136 1977-12-01 3 Reuter OSLO, Wed. Norway's exports to its main markets show signs of a drastic drop in all major products. The Federation of Norwegian Industries said that between January and August this year exports to the European community and the European Free Trade Association (EFTA) countries increasedReuter - 136 words
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Article35 1977-12-01 3 Reuter TOKYO. Wed. The Argentine government will Issue government-gua-ranteed yen bonds worth a total of 15 to 20 billion yen, president of the Japan Chamber of Commerce and Industry Shlgeo Nagano said. Reuter.Reuter - 35 words
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Page 2 Advertisements
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Advertisement56 1977-12-01 2 HIGHLIGHTS OF OUR NOVEMBER ISSUE PROPERTY > The condominiums will be ready 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: Bluff56 words
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Page 2 Miscellaneous
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Miscellaneous342 1977-12-01 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Nov 30 at Singapore airport. Maximum Temperature 30.4° C Associated Humidity 70 Minimum Temperature 23.5° C Associated Humidity 99 Hours of Sunshine 8.25 Rainfall in Millimetres 3 Total Rainfall for the Month 361.4 Total Rainy Days for the342 words
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Page 3 Advertisements
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Advertisement100 1977-12-01 3 CYCLE ft CARRIAGE LIMITED (Incorporated in Singapore) In the Announcement by the Board of Directors on audited Group and Company turnover and profits, published on 30th November, 1977, the item dealing with taxation should read as follows: SJ'OOOs Years Ended 30th September 1 97 1976 Group Company Group Company From100 words
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Advertisement102 1977-12-01 3 COMMENCING DECEMBER IST SOFT MUSIC AND DANCING ATFOUB SEASONS RESTAURANT NITECLUB A REVOLUTION TO SERVE YOU BETTER Where expert chefs prepare the best In French and continental cuisines and also a selected choice of oriental food. The ideal venue for all your important business luncheon, dinner or an occasion with102 words
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Page 3 Miscellaneous
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Miscellaneous603 1977-12-01 3 THE TWO-IN-ONE CROSSWORD 2 3 111 02 h3 81 20 |23 124 I U5 CRYPTIC PUZZLE ACROSS I Sound journalism (6) 7 Crazy existence naturalists love (4, 4) 8 Food we get In from Saigon 10 Rock group (6) 11 Unearth or make a primitive canoe (3, 3) 14 Ix>ng603 words
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COMPANY NEWS
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1086 1977-12-01 4 UNITED HOLDINGS has finally come out with Its long overdue 1975 report and accounts which Indicate that the group has fallen on hard times in its very first year of diversification. The annual report for the year ended Oct 31,1975 revealed that there were a number1,086 words
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Article45 1977-12-01 4 THE US$l5 million 8 1/8 per cent guaranteed note* of C. Itoh (HK) International will be quoted on the Stock Exchange of Singapore today. The quotation of the notes will be expreaied as a percentage of the principal value, excluding accrued interest.45 words
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Article285 1977-12-01 4 Cttrrrat b Data Tatalfcr Total for payment Date payable tksjw previous ye Sims Derby 24% Oct 28 Dec 1 38% 20% Sime Darby 5%h Oct 28 Dec! (MMM 21V.H Oct 27 Dec 1 34% 30% GiNMttr M NO* 27 Dec 3 10% 5%' Kuala Sidtaa PMRI 35%e NOT285 words
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Article355 1977-12-01 4 THE LOSS-MAKING streak, which hit San Holdings since 1973/74, appears to be wearing off as the company now reports sharply reduced group losses for the first half-year ended Sept 30, 1977. Group pre-tax loss for the period under review came to M 556,949, a vast Improvement on355 words
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828 1977-12-01 4 CONZINC Riotinto Malaysia Sdn. Berhad, an AngloAustralian tin mining venture, Is writing another record In the country's tin mining industry in the relatively short period that it established its operations In Malaysia. In 1973, the company became the owner of the largest tin dredge in828 words
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Article75 1977-12-01 4 MALAYSIA Building Society Berhad has announced that Mr. Ivan Ho was appointed alternate director to Mr. D. S. Byer* with effect from Oct 26 to replace Mr. Kim Kok Hwang who had resigned from the Society's board. Mr. Karl Roessler, export manager of the Siemens AGT medical75 words
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Article1565 1977-12-01 4 On Nov 29 TRADING on the Chicago Board Options Exchange came to 133,568 contracts on Tuesday, up from 93,856 contracts on Monday. OPTION JAN APL JLY STOCK Alcoa 40 4 3/6 51/4 53/4 43 3/8 Alcoa 45 15/16 2 3 43 3/8 Alcoa SO 3/16 UNTRD NOL1,565 words
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448 1977-12-01 4 THE IMPRESBIVE recovery noted for Malaysian Tobacco Company In the previous financial year has not been maintained for the year Just ended Sept 30, 1977. The preliminary results released yesterday shows the company suffered from a group pre-tax profit setback of some 14 per448 words
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COMPANY MEETINGS
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Article22 1977-12-01 4 THE following company meetings are due: Dec 1 at noon at Its registered office, 73 Beach Street, Penang, Malaysia.22 words
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Article20 1977-12-01 4 Dec 5 at Its registered office, 50 Jalan Ampang. Kuala Lumpur, Malaysia at 12 noon.20 words
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22 1977-12-01 4 Jack Chia Mining Industrial Corp Bhd: Dec 7 at 12 noon at its registered office, 2 B Chartered Bank Chambers, Penang, Malaysia.22 words
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Page 4 Advertisements
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Advertisement341 1977-12-01 4 FEDERAL PUBLICATIONS LIM BtAN YAM I a step-by-step guide An easy-to-understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger of even the veriest novice. The joy of this book, however, is that even the most341 words
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Article898 1977-12-01 5 NORTH AMERICAN COMPANIES FT WHEN Bancal Trl-State Corporation, the San Fran-cisco-based holding com- pany for Bank of Californla, decided to lighten its operational load last May by putting 33 of its 74 branches up for sale, the Japanese-controlled Sumltomo Bank of California saw an opportunity toFT - 898 words
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Article122 1977-12-01 5 Reuter BRISTOL-MYERS Co has agreed in principle to acquire the business of Unltek Corp In a tax-free reorganisation. It said under the proposed agreement, Unltek shareholders will receive two million shares of Bris-tol-Myers common for their shares. Based on Tuesday's closing price of $3414 a share forReuter - 122 words
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Article87 1977-12-01 5 NCR Corp Is Introducing two new computer systems, the V-8580 and the V--8590 as part of Its 8000 series, and next year will introduce a still larger computer series, the V-8600 The planned VB6OO models, NCR said will be large scale multi-pro- cessors and represent87 words
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Article68 1977-12-01 5 Reuter HONEYWELL said Its Honeywell Information Systepis subsidiary will Increase the purchase price for selected Xerox computer systems, effective Dec 1. Leasing charges for most Xerox computer systems are also increased by 2.5 per cent while Xerox computer maintenance rates and field expansion charges are raised 5Reuter - 68 words
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Article240 1977-12-01 5 ASIAN COMPANIES Reuter THE Korean Government has allowed Korean Air Lines (KAL) to receive two loans totalling US$45 million to buy a Boeing *****0F cargo aircraft and spares, the Economic Planning Board said. Bank of America is providing $24 million repayable over 5 1/2Reuter - 240 words
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171 1977-12-01 5 Reuter WEST Australian Petroleum Pty (Wapet) reported that Hermite Number One well in permit WA-23-P east of Barrow Island off Western Australia is being plugged and abandoned after reaching 3.300 m with no significant hydrocarbon showing, Ampol Exploration said. Ampol has a one-seventh stake inReuter - 171 words
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235 1977-12-01 5 AP TEC America, a Japanese electronics firm which manufactures cash registers, has decided to locate Its new divisional headquarters and distribution centre In Atlanta Instead of In New York City. A spokesman for Tec America, a subsidiary of Tokyo Electric Co.AP - 235 words
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Article53 1977-12-01 5 COMBUSTION Engineering said It received about 98.8 per cent of the outstanding Vetco common stock under its tender bid for all Vetco shares at $23 each, and extended the tender until Dec 9. The offer originally expired on Monday and may be extended beyond Dec 9. Combustion53 words
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Article178 1977-12-01 5 Reuter NEW South Wales premier Neville Wran said Coal ans Allied Industries (Call) will make a submission to the state government within the next fortnight on the 600 million tonne Warkworth coal deposits near Newcastle. He gave no further details following a meeting yesterday withReuter - 178 words
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Article108 1977-12-01 5 Reuter SUMITOMO Aluminium Smelting Co has signed a contract to smelt 40.000 tonnes of Iranian alumina Into refined aluminium on commission for Iranian Aluminium Co over the four-month period until next March. The Iranian firm, Jointly owned by the Iranian Government, the Pakistani Government and Reynolds Metals CoReuter - 108 words
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Article34 1977-12-01 5 THE Algerian state oil and gas concern Sonatrach has signed a $54 million sevenyear Euroloan agreement to help finance construction of a lubrication plant at Arzew, Algeria, Citicorp International Bank said as agent.34 words
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Article920 1977-12-01 5 Washington Star. INVESTIGATING what he called procurement horror stories In the Federal Aviation Administration, Representative John Burton has charged that an abortive multimilliondollar radar contract In 1973 was nothing more than a sweetheart deal for the General Dynamics Corp. According to testimony before the House GovernmentWashington Star. - 920 words
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522 1977-12-01 5 EUROPEAN COMPANIES Reuter A BRITISH Government white paper proposes to make insider dealing a criminal offence and tighten laws on company loans to directors and their families. The paper, which follows investigations Into various companies that have exposed weaknesses In present companyReuter - 522 words
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Article209 1977-12-01 5 Reuter ROBECO la hedging the currency risk of dollar Eurobond purchases for the time being by selling dollars forward for Swiss francs, marks, yen and even sterling. Fritz van der Wolk, Investment manager of Rebeco's Rorento fixed Income securities fund, told the European institutional investor conferenceReuter - 209 words
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Article58 1977-12-01 5 Reuter BRITISH Petroleum Co is expected to sanction development of the Magnus i field early next year. The Magnus field, in the northerly part of the North Sea. la projected to have IS ove fn. b,e of some 400 million barrels and is expected to produce at aReuter - 58 words
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Article99 1977-12-01 5 Reuter VOLKSWAGENWERK subsidiary, Audi Nsu Auto Union, expects production this year to reach 838,000 vehicles against 260,017 In 1976, a company spokesman said. Output In the first 10 months totalled 280,000 vehicles compared with 212,000 in the year-ago period, while turnover was around three billion marks,Reuter - 99 words
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Article148 1977-12-01 5 INTERNATIONAL Harvester's outlook for the fiscal year ending Oct. 31, 1978 Is mixed. Chairman Brooks McCormick said worldwide truck sales probably will continue to Increase, but at a somewhat slower rate than during 1977. Unfilled domestic orders on hand for medium-duty trucks are 25 per148 words
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Article268 1977-12-01 5 Reuter SODITIC said it managed a 100 million mark 3 V* year floating interest credit for Tradinvest Bank and Trust Co of Nassau with the guarantee of Italian state holding company ENI Unit Snam of Milan. A Sodltic spokesman said the credit bears interest at aReuter - 268 words
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Page 5 Advertisements
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Advertisement111 1977-12-01 5 This announcement appears as a matter of record only PERBADANAN KEMAJUAN EKONOMI NEGERIJOHOR JOHORE STATE ECONOMIC DEVELOPMENT CORPORATION 15,000,000 Ringgit Malaysia Medium Term Fixed and Floating Rate Facility Guaranteed by The Government of Malaysia Managed by Amanah-Chase Merchant Bank Berhad Provided by American International Assurance Co. Ltd. Lembaga Tabung Angkatan111 words
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Article2341 1977-12-01 6 Gr's O't Net 1*77 Lut dlT Dlv y'W P/E Vel Day High Low Coapujr Sale +or- c'yt High Lew 8ECTION ONE INDUSTRIALS 154 134 Acma 138 m 12.0N 1.8 8.6 6.4 m 204 166 Alcorn a 166 10.0 0.5 6.0 *8.6 116 58 Allied Choc 106 +42,341 words
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Article1399 1977-12-01 6 'BID m 4 oßm prices the Stock linii rf Wii|i pare yesterday with the a«ber at •ktm traded iWwi hi linhili ia fcto of I,MM unit* nalsss ilto irles All Time B«ttUanl Contracts in «uoted after the ward "Batt." Bl« Bawd deals (la lata ef 1,000 unite)1,399 words
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Article75 1977-12-01 6 STRIKING price* of the .stock option* 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 (0.548) (Dec #2.30) (1) 0.92 D B S (Dec $3.00)75 words
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Article149 1977-12-01 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Mm|wi f prica far Dm I) (Cml pi ■ice*) The Commerce 1.77 1 88 INCOME BOND 1.06 1.14 The Saving Fund 1.06 1.12 MARA BUMIPUTRA FUND 8'pore Prog Fund 0.8i 0.86 (Mutin 1 prion I far Dk 1) S pore Security First149 words
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Article98 1977-12-01 6 S 1/2% 15/8/78 (300,000) (1) 101.70 4 3/4% 1/5/79 (250,000) (100.508 100.565) (2) 100.54 5 1/4% 15/10/79 (250,000) (101.008 101.208) 5 3/4% 1/C/78-M (250,000) (101.008 101.308) C 3/4% 15/C/80 (250,000) (103.60B) 4 3/4% 18/9/80 300,000) (1) 99.00 6 3/4% 1/12/80 (250,000) (103.758) 5% T F 15/4/81 (250,000) (101.60B)98 words
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Article1451 1977-12-01 6 BID and offer pricea officially listed and buainess in and reported to the Kuala Lumpur Stock Emchange yeeterday with the number of (hares traded shown in brackets id lots of 1.000 units unless otherwise specified. INDUSTRIAL* Aiknemeta (2 11B). Alwm (1.658). Alec. HeM (1) 0.02. A. ChN1,451 words
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Page 6 Advertisements
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Advertisement509 1977-12-01 6 Bank «t Amtrka CNHaM Cmtra 24 Kaffta* Place Alia Cemmerciel Banking Cerjn W 104/104 >i>inia» Read Atien-Peiifik-Benk AG Benca Cemmerciele Iteliene S'pan Skill Kwan Heme Shenten War rrirss«i.33J) S2-A Circular Reed ■aoktn Tru»» Ca 504/500 Ocaan luildinf CeOyer Qvmy rf3TuT.oii) Benqm D L'lndechine 0* Sims Skenten Way rf3*2207.\11) Nattenele Da509 words
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Article, Illustration438 1977-12-01 7 SELECTED iham were accorded bullish treatment in generally steady trading on the (|tock Exchange of Singapore yesterday. Trading picked up in the afternoon after a slow opening when prices showed a tendency to ease. Scattered dealings was the order of the day. Newcomer esin Chew Jit Poh fluctuated438 words
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Article539 1977-12-01 7 THE Kuala Lumpur stock market turned fairly active yesterday wllth the emergence of strong buying support. Trading, however, was selective and concentrated mainly on Industrial second and third liners where speculative Interest seemed to have surfaced once more. Blue chips also saw some moderate support but539 words
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INTERNATIONAL STOCK MARKETS
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Article366 1977-12-01 7 HONGKONG: The market closed Tittle changed In quiet trading on Wednesday, with some late buying Interest counteracting early weakness. The Hang Seng index rose 1.13 points to 419.29. Dealers said among leading shares Hongkong Bank rose 20 cents to HKSIB.3O and Hongkong Land five cents to $6.80. Wheelock Mar366 words
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Article484 1977-12-01 7 TOKYO: Share prices rose sharply over a wide front on Wednesday following the yen s sharp decline and hopes of a fresh reflatlonary package. Dealers said the Dow Jones average gained 87.33 to close at 4,930.89, with volume 270 million shares. The new index was 368.11, up 5.21. Export-orientated484 words
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Article470 1977-12-01 7 SYDNEY: The market closed higher on Wednesday on optimism that the federal government will win the forthcoming election based on the latest public opinion polls. The Sydney Alt-Ordlnarles rose 5.83 Dolnts to 441.44. Dealers said BHP rose 16 cents to A 55.48. Pancontinenui gained 40 cents to $8.20 while470 words
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Article11 1977-12-01 7 MANILA stock market was closed on Wednesday for Boafacfo holiday.11 words
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Article114 1977-12-01 7 NOV 30 BahU Asia Fibre 280 unch Bangkok Bank 385 Bangkok Invest 344 -14 Bangkok-Metro-politan Bank Bala 770 -15 Berll Jucker 508 -S CharoongThal 332 Wire -1 Dumex Duslt Thanl Faber Merlin First Trust 335 -7 Genera Finance Indo-Thal Industrial Finance Corp 2145 -40 J And J Ho 390114 words
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Article300 1977-12-01 7 AMSTERDAM: The market closed slightly higher after an easier opening on Tuesday, but Dutch internationals were generally lower led by Royal Dutch, down 0.80 guilders. Dealers said Hoogovcns firmed slightly while Akso was unchanged. Elsewhere, transports, trading and industrial stocks were firmer. Banks were slightly Xer with Amro up300 words
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Article163 1977-12-01 7 BRUSSELS: Most Belgian shares were lower In quiet trading on Tuesday. Bourse sources said Sidro, FN, Hainaut Sambrc. Unerg and Cometra rose, however, while Intercom was unchanged after announcing Its 3.5 billion franc loan on the Belgian capital market. In foreign stocks. UK rose. Germans. US and French fell.163 words
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Article311 1977-12-01 7 FRANKFURT: Shares closed mixed to firmer In continued quiet trading on Tuesday. Bourse sources said leading banks, chemicals and electrlcals were at most changed one mark either way. Degaaaa, which expects at least maintained 1976/77 profits, fell 0.50. Engineerings were in demand led by GHH which rose four, while311 words
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Article182 1977-12-01 7 MILAN: Stocks were generally easier. In slightly more acUve trading on Tuesday, with the resignation of Montedison vicechairman and managing director Alberto Orandl pressing the market. Bourse sources said Montedison OrouD shares Bastogi and Ante were lower while other Industrial and financial leaders also fell. Generate Immobiliare lost over182 words
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Article408 1977-12-01 7 PARIS: The market was generally weaker In relatively quiet trading on Tuesday. Dealers said electrlcals and oils were the only sectors to rise led by LMT, Leroy Somer, Telephone* Ericsson. Aquitaine and Easo. all advancing by between 1.7 and 4.3 per cent. Americans and Oermans eased while Dutch were408 words
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Article286 1977-12-01 7 ZURICH: The market was narrowly mixed in limited trading on Tuesday. Dealers said Swissair closed unchanged, after Its October Interim report. Among narrowly irregular leading banks, Lea bearer eased, while Union Bank hearer firmed. Credit Suisse and Volubaak closed very steady. For bo 'B' weakened in otherwise little changed286 words
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Article394 1977-12-01 7 JOHANNESBURG: Golds were mixed after selected shares moved easier on profit-taking following a higher opening on Tuesday. Dealers said trading was quiet with gains of between rive and 50 cents, while losses were confined to a few cents. Financial minings were little tested. Elsewhere. De Been was unchanged at394 words
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Article318 1977-12-01 7 TORONTO: Share prices closed lower In active trading on Tuesday. The composite Index was off three points and losses led gains 228 to 202. Inco A dropped to 17*. Bond sources denied reports that Inco's Issue of five million preferred shares at Cs2s each was not selling well. Siebens318 words
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Article1215 1977-12-01 7 NEW YORK: Btocks suffered their sharpest loss since July In moderate trading on Tuesday. Analysts said the selling started mostly as spillover Coflt-taklng from Monday, but ter other negative factors became important: the record October trade deficit, continued we*taee» of the dollar, concern the Federal Reserve may tighten1,215 words
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Article61 1977-12-01 7 FINANCIAL TIMES INDUSTRIALS Tuesday 474.1 Monday 464.5 Week Ago 471.8 DOW JONES AVERAGE INDUSTRIALS Tuesday 827.27 Monday 839.57 Week Ago 842.52 LONDON DOLLAR PREMIUM Tuesday 97* to 96 Monday 97* to 98* H.K. HANG SENG Tuesday 418.10 Monday «:8.13 Week Ago 422.37 SYDNEY INDUSTRIALS Tuesday 377.90 Monday 374.10 Week61 words
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Page 7 Advertisements
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Advertisement484 1977-12-01 7 BUSINESS TIMES Airline Directory Aeroflot Soviet Airline* 110-112 Sh«w Centre, Orchard Rood, Singapore 9 (Tel: 377.111) Air Ceylon 302-1, 3rd Floor, Marina Haute Shenton Way, Singapore (1) (Tel: ******0) Air France Ground. Floor, ICS Building, Shenton Way Singapore 1 (Tel: *****11) Air India 16th Floor, UIC Building, Shenton Way, Singapore484 words
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COMMODITY REPORTS AND PRICES
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Article399 1977-12-01 8 THE SINGAPORE rubber market yesterday opened 0.25 cent higher and gained some 0.75 cent on higher Japanese advices, dealers said. Towards the morning close, however, prices finished off the highest on profit-taking, they added. The morning session closed very quiet and December One RSS buyers399 words
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Article26 1977-12-01 8 Rubber: Nov 30 Singapore: December 205.50 (unchanged) Malaysia: December 205.25 (down 0.25 cent) Tins: $1,768 (down 113) Official offering: 306 tonnes (up 36 tonnes)26 words
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Article381 1977-12-01 8 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Int 1 R.S.S. prompt t.o.b. Buyers Sellers Buyers Sellers 205 75 206.75N 205.00 206.00N Int 1 R.S.S. Dec 1977 206.00 206 50 205.50 206 00 Int 1 R.S.S. Jan 1978 207 50 208 00 207 00381 words
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Article104 1977-12-01 8 NOON SSR and SMR prices yesterday: December •January HAS (Current M«h) (Forward Mth) Buyer* Sellers Buyers Sellers (cents per kg) (cents per kg) SiSK ZD U-ton paiiet) 198.50 199 50S 199.50 200 50N SSR SO (l-ton paiiet) 196.50 197.50N 197 50 198 50N MKK1.B SMR 5CV (1-ton104 words
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Article198 1977-12-01 8 HONGKONG. Wed. Sugar futures closed firmer In quiet trading, In line with the overnight trend In New York, dealers said. Trading was confined to March and May delivery, which rose 0.13 and 0.14 US cents, respectively. Total turnover rose to 30 lots from 11 yesterday. Sugar closing prices:198 words
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Article198 1977-12-01 8 CLOTH wholesale prices, spot exgodown, In HK dollars Cotton Cloth: India Dragon Head una. Japan (No 2023) 82.40. Shirting 59 80. Hongkong Golden Peak (60x80) 61 20 DnlU: HK Kow Took Brand (No 202 57.00, Japan (No 2024) 58 00 White Cloth: Japan No 10.000 Three Peaches 108.00198 words
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Article457 1977-12-01 8 PRICES OF commodities generally mixed In light trading on the Singapore produce market yesterday. While copra and coconut oil held steady to firm, coffee was slightly easier and all grades of pepper were down $2.50 per picul. Copra traders reported that a large number of buyers were looking457 words
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Article354 1977-12-01 8 LONDON, Wed. Terminal coffee opened £1 higher to £7 per tonne lower on a volume of 130 lots. The official tone was "Slightly easier." v Dealers said commission house buying initially lifted prices by as much as £15 but this dried up as trade selling and jobber profit-taking developed,354 words
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Article75 1977-12-01 8 C I F Rotterdam. US dollars per ton. LONDON Tueaday Pmriou* Malaysian 5% ffa bulk 45)} sir Feb 477 sir Sumatra 5«* ffa Nov 550 sir 550 sir Dec 497 50 sir 407.50 sir Jan 487 50 sir 487.50 sir Feb 4452.50 pd 477.50 sir March 460 pd75 words
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Article306 1977-12-01 8 LONDON, Wed. Cocoa opened £15 to £1 per tonne higher on a turnover of 599 lots which included 207 self trades. Prlce-flxlng purchases by trade houses boosted terminal values initially. Some speculative short profit-taking, following recent declines, also provided suppport for nearby positions. In a relatively thin market more306 words
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Article245 1977-12-01 8 THE STRAITS tin price In Penang yesterday fell another MII 3 to Mi 1,788 per plcul on an official offering up 38 tonnes to 308 tonnes. A further rise In supplies of tin concentrates from miners and Tuesday's easier London Metal Exchange depressed market sentiment, dealers said. In245 words
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Article385 1977-12-01 8 LONDON, Wed. Sugai futures opened £0.65 t< £0.85 per tonne higher or yesterday afternoon closlni levels. Turnover totalled 61l lots. Dealers said lnltla steadiness reflected lasl night's late rally In New York but the advance was well met by mixed selling and long liquidation which pared gains. The London385 words
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Article117 1977-12-01 8 HONGKONG, Wed. The > market was steady at the higher levels with prices up to HK4O cents higher, dealers said. Turnover totalled 479 tons comprising Thais 183, Kwangtungs 206 and Australlas 90 tons. The only arrival was 300 tons of Australlas. (Prices in HK dollars per picul ei(odown) Thai117 words
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Article129 1977-12-01 8 CHICAGO, Wed. The highly volatile soybean futures market yesterday rallied in the last hour to erase earlier losses of USI2 to 14 cents a bushel. Closing prices were mixed between 2fc cents higher to 2Vs cents a bushel lower as the market ended several cents off the highs. The129 words
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Article60 1977-12-01 8 CHICAGO, Wed. Wheat futures yesterday recovered from early losses to close USlfc to 1% cents a bushel higher. The recovery in soybeans and other grain pits spilled over into wheat futures, traders said, adding that local short-covering contributed to 'the turnaround. Some brokers felt the steep decline on Monday60 words
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Article333 1977-12-01 8 LONDON, Wed. Copper wlrebars finished the morning with all round gains of £1.50 per tonne. The early pre-market was firmer, reflecting the overnight trend at New York and steadier gold with modest short-covering taking Three Months up to £68l per tonne. However, the higher levels were not maintained In333 words
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Article242 1977-12-01 8 LONDON, Wed. Silver showed gains of 1.6 to 1.9 pence per troy ounce. Dealers said the overnight close at New York and steadiness in gold were supporting influences in an otherwise quiet market. Three Months closed the ring at 266.0 pence after a turnover of 35 lots boosted by242 words
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Article327 1977-12-01 8 THE KILOBAR in Singapore yesterday opened at 5512,342. After touching a high of 8112,347, the market drifted off slowly to close at 5512,317. In London the metal opened at U*****.45/65 and moved to a high of U*****.70/90 before easing off to close at U*****.25/45. The London morning fix was327 words
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Article95 1977-12-01 8 LONDON, Wed. Zinc closed the ring with gains of mostly £0.50 per tonne. This metal was virtually neglected with the early steadiness against copper being eroded by scattered liquidation in the face of a dearth of physical demand. Sales were 1,125 tonnes. On Tuesday, zinc ended the day £395 words
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Article123 1977-12-01 8 LONDON, Wed. Lead finished the momlng with gains of mostly £2.25 per tonne. The market was given a boost In the ring by covering against further Soviet physical purchases, together with some fresh buying interest, dealers said. Traders estimated the latest purchases at around 2,000 tonnes and followed the123 words
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MONEY AND EXCHANGES
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Article533 1977-12-01 8 SINGAPORE'S foreign exchange market was active yesterday with the US dollar being the centre of trading. The dollar opened against the yen at 244.50 In the morning and shot up to 246.50 in barely an hour of feverish trading, especially in Tokyo, before dipping to 243.90 by lunch time.533 words
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Article47 1977-12-01 8 ACBO 7 Algemene Bank 7 Bangkok Bank 7 HSBC 7 Bank of America 7 Bank of China 7 Malayan Banking 7 Bank of Tokyo 7 Bank Negara OCBC Indonesia 7 OUB Chartered Bank 7 UCB Chaae Manhattan 7 L'MBC 7 DBS 7 COB 747 words
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Article158 1977-12-01 8 Asian rates ASIAN currency deposit Interbank rates as at close on Nov 30: US Dollar* (Spot) Offer Bid 7 days 6 3/4 8 5/8 lmth 8 5/8 41/2 2mths 6 7/6 83/4 3 mths 7 87/> Smttu 7 7/lfl 75/14 mths 71/2 7 3/6 12 mths 7 9/18 77/18 Sw.158 words
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Article43 1977-12-01 8 RANOE of prices offered by discount houses on Nov 30 Overnight 1* to 3*% Call deposit 3** Closing Bay Selling 3-Month Treasury bills 3* 3* 3-Month Bank bills 4* 4* 3-Month CD 5* 5* 6-Month CD 5* 5* Source: National Discount Co43 words
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Article145 1977-12-01 8 Euro rates LONDON. Wed. Trading In Eurodollar deposits was very quiet with year-end considerations tending to reduce activity, dealers said. Periods held steady but One Month shed about 5/10 on the Friday dealing technicality with Two and Three Months also affected to a lesser extent. Four and Five Months shed145 words
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Article40 1977-12-01 8 THE Monetary Authority of Singapore Invites banks and discount houses to tender a total of Ss2o million of 91-day Treasury bills to be issued from Dec 5 to 9. Each tender must not be less than $250,000.40 words
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Article139 1977-12-01 8 NEW YORK, Wed. The dollar yesterday closed i higher in active trading, reflecting what some dealers said might be a change in sentiment towards it. Federal Reserve Board chairman Arthur Burns' statement that he would seriously consider remaining on the board if not reappointed chairman was regarded as139 words
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Article177 1977-12-01 8 LONDON, Wed. The dollar continued its recovery in relatively quiet opening trading although the US unit tended slightly lower than Its New York close, dealers said. The dollar's recovery follows remarks by Federal Reserve Board chairman Arthur Burns that the dollar's recent slide against major currencies is troublesome and177 words
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Article119 1977-12-01 8 TOKYO, Wed. The dollar for overnight delivery closed in heavy trading at 244.20 yen, down from a 244.50 opening but up sharply from 241.90 at yesterday's close, dealers said. No central bank intervention was detected, they said. Trading was heavy with volume of US$5O3 million. The Japanese financial dally.119 words
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Article160 1977-12-01 8 HONGKONG, Wed. The US dollar closed slightly weaker against New York closing levels in relatively active trading, dealers said. The US unit closed at 243.90/244.10 yen, slightly below its Tokyo closing level and compared with 244.00/15 In New York overnight. It eased to 2.1810/30 Swiss francs from 2.1645/60 and160 words
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Article63 1977-12-01 8 AUSTRALIAN/ NZ exchanges on Nov 29: AUSTRALIA US dollar 1 1280/ 1 1230 Stertlng 0 8248/ 0 6179 Nlnetr-day air mall buying rate*: Sterling 0 8377 US dollar 1 1582 Ninety-day forward buying rate* Sterling 0 8210 US dollar 1 1228 HEW ZEALAND: Sterling 0 5500/ 0.5470 US dollar63 words
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Article59 1977-12-01 8 ZURICH exchanges closing quotes on Nov 29: US 2 1510-1520 Stg 3 9089-9006 Can 1 9411-9422 D Mk 96 83-91 D Fl 88 57-81 F Fr 44 33-37 B Fr con* 8.1498-1521 D Kr 35 07-11 N Kr 39.98-40 00 S Kr 44.85-88 Ut 0 2441-2445 Aus sch 13.54-5759 words
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Article40 1977-12-01 8 FRANKFURT exchanges opening quotes on Nov 30: US 2.2287/77 Can 2 0085/0105 Stg 4 038/048 Ut 2 534/554 F Fr 45 78/88 N Kr 41 23/33 B Fr (con) 6 34/35 B Fr (fin) 6 33/34 Yen 0 9130/4540 words
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Article270 1977-12-01 8 LONDON. Wed. Sterling denominated Eurobonds lost ground for the third consecutive day with prices quoted up to Vs point lower, dealers said. US convertibles eased narrowly In the line with the continuing easier trend on Wall Street while Japanese convertibles held steady. Eurobond prices quoted on Not 30: BM270 words
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Page 8 Advertisements
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Advertisement317 1977-12-01 8 from Penguin i H IN PENGUINS Yukio Mishima firmly upheld the traditions of Japan's imperial past which he believed were being slowly eroded by Western materialism. Disillusioned he astonished the worlcf in 1970 by committing hara-kiri or ritual suicide by disembowelment. One of his last works, Runaway Horses, is now317 words
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TRANSPORT AND COMMUNICATIONS
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619 1977-12-01 9 Reuter UPI LONDON, Wed. World merchant ship capacity Increased by nearly six per cent this year over 1976 to bring It to 393,700,000 tons gross, more than double the figure 10 years ago, according to statistics published today by Lloyd's. But theReuter; UPI - 619 words
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482 1977-12-01 9 Reuter HOLLYWOOD, Wed. Action to stave off the price war on transatlantic air routes was debated by the major European and US airlines yesterday, but industry sources said they doubted the talks would produce an overall agreement on fare tariffs. Meeting under theReuter - 482 words
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Article177 1977-12-01 9 AP WASHINGTON, Wed. The chief of the Federal Aviation Administration (FAA) says the US flight safety record Is the best In the world, disputing a Congressman who says the skies are dangerous. Mr. Langhorne Bond's testimony was prepared for delivery yesterday in responseAP - 177 words
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Article, Illustration447 1977-12-01 9 EXPECTED ARRIVALS TODAY keppel WHARVES Bunga Sepang (P/O Tanker) (1900 after Frotabelra subject gas free) 15/16 LC Umt 1 (0700 after Tutong Req. Ramp) 22 New Globe (after Mukachevo) 38/39 Oriental Lady (after Pacific Glory) 45 Rajah Brooke (0700 20 West Straat Frazer (after Nedlloyd Klmberley) 10/11 Tapah447 words
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263 1977-12-01 9 AP MEXICO CITY, Wed. Weekly charter flights to Cuba from Chicago, Detroit aad Now York will begin in December and January, the official Cuban news agency Prensa Latina reported yesterday. The agency said the Chicago and Detroit flights will beginAP - 263 words
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Article197 1977-12-01 9 IRAQI General Enterprise for Maritime Transport, the Iraqi National Line, included Singapore in it* service from the middle of last year. The service commences from the port of Basrah in Iraq to Singapore dli* charging such cargoes as Arabian dates. Timber, plywood, rubber, spices etc an loaded for197 words
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127 1977-12-01 9 ISLAMABAD, Wed. The $200 million Port Qaslm, Pakistan's second sea port, will begin operating by the end or 1978, it was announced yesterday. The new port, being built with the help of loans from France and Belgium, will not be completed until 1085. But127 words
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Article47 1977-12-01 9 SUBMARINE power cable repair work will be carried out at Selat Pesek off Anak Beacon and Selat Jurong off Tan Jong Sakunylt from Saturday for one week. Mariners are advised to give repair craft a wide berth and to proceed slowly in the above areas.47 words
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Article382 1977-12-01 9 Reuter UPI NEW YORK, Wed -A twomonth dock strike which tied up container ships at about 40 American ports has ended. Members of the International Longshoremen's Association (ILA) voted almost four to one In favour of a contract to end the dlsSute whichReuter; UPI - 382 words
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Article179 1977-12-01 9 UPI LONDON, Wed. In the face of persistently dull North American grain fixing, the market continued to depend heavily on timecharter operations. In Europe, several trips were arranged out to the Persian Oulf, while varied bookings were concluded basis delivery In Japan. Arya paid $4,400 per dayUPI - 179 words
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Article716 1977-12-01 9 1 1 ARRIVALS Operator Natal w ueu Thm» Fnm CPA CX0G3 0145 HKO MAS MH0O1 0715 KUL MAS MQ682 0750 KCH SLA SQ101 0615 KUL MAS MH821 0850 PEN MAS MH007 0000 KUL MAS MH071 0045 PEN/KUL OLA GA960 1030 HLP CPA CX710 0955 HLP SIA SQ103716 words
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Page 9 Advertisements
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Advertisement387 1977-12-01 9 4 t t THE GREAT BOOKS OF WESTERN CMLIZAnON These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built democracies, withered tyrants, opened new worlds, riddled superstition387 words
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Article, Illustration1878 1977-12-01 10 JOHN WYLES - By JOHN WYLES FT THE motor industry engineer walks these days with a new spring In his step. After decades of being confined to an Important but often cosmetic role, he has been pitchforked Into the front line of Detroit's battle toFT - 1,878 words
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1246 1977-12-01 10 PAUL LEWIS - Since the oil price boom of 1973, there has been a steady trickle of Arab banks into the financial centres of Europe. PAUL LEWIS takes a peep at how these banks are faring. PAUL LEWIS NYT PARIS: The unsmiling features ofNYT - 1,246 words
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Article, Illustration975 1977-12-01 10 RON COCKING - By RON COCKING FT WASHINGTON: Ask any average stay-at-home American about domestic inflation and he will tell you It's horrible. But to the European visitor, prices are amazingly low, especially when considered In terms of wages, which are about double or even two and aFT - 975 words
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Page 10 Advertisements
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Advertisement159 1977-12-01 10 Wy@ the 8 Steps to Health and Peace by Richard L. Hittleman (author of u yoga 28 day EXERCISE PLAN) Richard Hittlaman, tha most widaly-raad author in tha world on tha subjact of yoga, praaanta in this book hia moat complata and in-dapth study of tha subjact to data. Inatruction159 words
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Article, Illustration1058 1977-12-01 11 CHAN BONG SOO - NAN YANG, SIN CHEW WINDFALLS By CHAN BONG SOO LOOKING at It broadly, November had a little of everything, be It good or bad, for those who Invested on the Stock Exchange of Singapore. But above all else, It brought a windfall to those1,058 words
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196 1977-12-01 11 AN Asean-Australlan conference, along the lines of the Asean-EEC conference convened last year, may be held In Melbourne in June next year. Australian officials are here to discuss this proposal with the Joint Standing Committee of the Chambers of Commerce and Industry (JSCCCI) of196 words
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249 1977-12-01 11 THE World Air Cargo Organisation (Waco) begins its fifth annual general meeting in Singapore today. The two-day meeting will be attended by 38 delegates from more than 25 countries. Waco is the world's largest international air cargo forwarding group and it allows only one air249 words
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310 1977-12-01 11 AFP NEW DELHI, Wed. India has set up an experts' committee to Investigate allegations that Indian tea was being sold at cheaper prices In London auctions. This was announced by Commerce Minister Mohan Dahrla yesterday In reply to a question in the UpperAFP - 310 words
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Article83 1977-12-01 11 Reuter CARACAS, Wed. The Venezuelan government has asked Congress for authorisation to raise an additional US$l.4 billion (553.3 billion) for Infrastructure projects under way. Treasury Minister Luis Sllva Luongo said. He did not say whether the funds would be raised abroad or In the domestic money market.Reuter - 83 words
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205 1977-12-01 11 TAIPEH, Wed. A Taiwanese trade mission will visit the United States early next year to buy large quantities of American goods to help narrow the trade Imbalance between the two countries. The Central News Agency said the mission would purchase grain, raw205 words
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Article48 1977-12-01 11 UNITED Overseas Bank has set up a money exchange centre at the new arrivals terminal at Singapore International airport. Occupying more than 22 sq m the centre will provide foreign exchange services In major currencies to arriving passengers. The money centre will start business today.48 words
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Article494 1977-12-01 11 LONDON, Wed. Mr. Ll Chiang, the visiting Chinese Foreign Trade Minister, said he plans to return to Brussel, in the New Year for the signing of a trade agreement between China and the EEC. EEC foreign ministers last week approved the final phase of negotiations on494 words
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338 1977-12-01 11 Reuter CAIRNS (Queensland), Wed. Deputy Prime Minister Doug Anthony said he does not believe the gloomier trade outlook will mean the Australian dollar will need to be devalued next year. Mr. Anthony, who is also Overseas Trade Minister, was commenting on the leakage ofReuter - 338 words
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Article76 1977-12-01 11 THE NEW Balestler Road Post Office at 344 Balestler Hill Shopping Centre, Thomson Road/ Balestler Road, will open for business on Dec 12, providing full counter services including Post Office Savings Bank. It replaces the existing Towner Road Post Office which will be closed. Holders76 words
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Article583 1977-12-01 11 Agencies TOKYO, Wed. Despite growing international pressure, Japan cannot liberalise its imports of agricultural produce, including beef, in the near future because an unchecked Inflow of cheaper foreign products would "destroy" the nation's producers, a top Japanese agricultural policymaker said today. "There are certainAgencies - 583 words
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Article223 1977-12-01 11 TOKYO, Wed. A high penalty will be imposed on an enterprise If it violates the revised anti-monopoly law to be enforced by the Fair Trade Commission (FTC) on Friday. The Japanese Cabinet yesterday adopted four ordinances to bring the revised law Into effect. An FTC official said that223 words
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Article434 1977-12-01 11 Reuter NEW YORK, Wed. Bank of Indonesia yesterday confirmed that negotiations are at an advanced stage for a US$5OO million (551,200 million) replacement financing loan for Indonesia. It said In a statement released here that Morgan Guaranty Trust Co of New York Is acting as agentReuter - 434 words
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467 1977-12-01 11 AFP Reuter KUALA LUMPUR, Wed. Mr. Wllhelm Hafarkamp, the vice-president of the EEC and Its commissioner for external relations will arrive here on Saturday on the first leg of a tour of the five Asean countries. Mr. Hafarkamp, who will be heading aAFP; Reuter - 467 words
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Page 11 Advertisements
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Advertisement385 1977-12-01 11 APPOINTMENTS FINANCIAL CONTROLLER MANUFACTURING COMPANY An international manufacturing company, operating in Singapore and Southeast Asia requires a Financial Controller to be responsible for all accounting and financial functions of the company. This is a senior position and the appointee will report to the company's General Manager and U.S. parent company385 words
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635 1977-12-01 12 Reuter TOKYO, Wed. The US dollar staged a dramatic recovery against the yen on the Tokyo foreign exchange market after threatening to fall below the record low rate of 240 yen for about a week. The dollar closed at 244.20 yen afterReuter - 635 words
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790 1977-12-01 12 AP UPI TOKYO, Wed. Japan will move to cut Import tariffs on cars, computers and colour film as a gesture to Improve trade relations with the US. Japan's new International Trade and Industry Minister, Toshlo Komoto said this, adding that the tariff reductionsAP; UPI - 790 words
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Article171 1977-12-01 12 Reuter WASHINGTON, Wed. The US and the EEC reaffirmed their commitment to complete the preparatory work so that the multilateral trade negotiations can get underway in Geneva by the Jan 15 deadline. The two sides said In a communique at the end of talks between USReuter - 171 words
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Article848 1977-12-01 12 LONDON, Wed. Stock prices closed higher, after morning falls on fears of an increase In the minimum lending rate were reversed following a statement by the Bank of England that It does not want the minimum lending rate to rise for the time being, dealers said. Government stocks848 words
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194 1977-12-01 12 Agencies DOHA, Wed. Indonesian Oil Minister Mohammad Sadll said yesterday that Opec experts had proposed that oil prices should rise by 10 to 23 per cent next year. Quoted by the official Qatar News Agency after arriving from Abu Dhabi, Dr. Sadll said hisAgencies - 194 words
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Article44 1977-12-01 12 NYT RIO DE JANEIRO, Wed. Eight South American nations led by Brazil have begun talks aimed at reaching an agreement for tne joint development of the Amazon River basin t eaty that would permit the harnessing of its water resources NYTNYT - 44 words
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213 1977-12-01 12 THERE should not be an international body which exclude* the participation of private enterprise* in the mining of the sea bed. This view of Germany waa expteeeed by Dr. Friti Wittman, leader of a sixman group which has spent the last two days here213 words
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Article116 1977-12-01 12 THE Senior Minister of State (National Development), Dr Tan Eng Liang, will lead the Singapore delegation to the 26th meeting of the Colombo Plan Consultative Committee to be held In Kathmandu, Nepal. The ministerial meeting of this annual conference, from Dec 5 7, will116 words
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Article97 1977-12-01 12 Reuter SYDNEY, Wed. Sugar Industry sources said the Australian sugar marketing agents, CSR Ltd, are considering Malaysian proposals for revisions to the long-term sugar contract between the two countries. A reply may be made In the next few weeks. Malaysian Trade Minister Hamzah Abu Samah saidReuter - 97 words
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382 1977-12-01 12 RONNIE LIM - •y RONNIE LIM THE Philippines Is setting up a tourist promotion office In Singapore to cover the Asean region. Mr. R. Teehankee and Miss I.S. Palanca, representatives of the Department of Tourism, said the office will be In operation early next year.382 words
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Article324 1977-12-01 12 THE Singapore-Soviet seafood processing Joint venture, Marlssco, is sending Its top-level management to New Zealand this week for discussions at ministerial and Industry level on fishing in that country's seas. While trade and business matters will most likely feature In the discussions with New324 words
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Article174 1977-12-01 12 KUALA LUMPUR, Wed. Petroleum has emerged as Malaysia's second biggest export earner during the first seven months of this year, pushing forestry products into third place. Statistics Department preliminary figures for external trade released today showed petroleum earned M$ 1,321 million In foreign exchange during this174 words
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266 1977-12-01 12 Reuter FRANKFURT, Wed. The gold price, currently around US$l6O (SS3BO) per fine ounce, could rise to $170 by the year-end and exceed $200 In 1978. This was predicted by Mr. Gert Becker, new managing board chairman of the Degussa Precious MetalsReuter - 266 words
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Article, Illustration158 1977-12-01 12 SINGAPORE retailers have been found to have a high degree of metric "capability" which means they are equipped to sell goods In metric units. This was the conclusion of the Metrication Board, after exhaustive studies together with the Ministry of the Environment, Housing158 words
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Page 12 Advertisements
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Advertisement44 1977-12-01 12 BEST TEPPAN-YAKI STEAK! 9 SINGAPORE OKOH Japanese Restaurant 4tti Fir. Suprtme House, Pen an g Road. Tel 3 2 7661 Crtj OKOH OF GIN2A Japanese Restaurant Basement. Mong Leong Bldg Raffles Quay. Tet *****81 KATSURA Japanese Steak House Orchid Inn, Ounearn Rd. Tel *****244 words
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Advertisement168 1977-12-01 12 The international bank with your interests at heart. Dai-lchi Kangyo Bank is Japan's largest bank. With assets of over 46 billion dollars. But our size doesn't make us impersonal. A worldwide staff of financial experts ready to give your project their individual attention. And we have your interests at heart.168 words
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