The Business Times, 2 December 1977
1977-12-02
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The Business Times
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Title Section9 1977-12-02 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, DECEMBER 2, 1977 50CENTS9 words
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NEWS IN BRIEF
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Article64 1977-12-02 1 Reuter GENEVA, Thurs. The world's major trade negotiating body warned today that a return to more liberal trade practices was essential If further economic recession were to be avoided. In its annual report on international trade, the 83-nations General Agreement on Tariffs and Trade (Gatt) said the spreadReuter - 64 words
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Article63 1977-12-02 1 Reuter FRANKFURT, Thurs. The American dollar was fixed at a record low of 2.2144 marks on the West German foreign exchange here today despite support purchasing by the West German central bank amounting to U5522.85 million (5554.85 million). Dealers said US Treasury Secretary Michael Blumenthal's remarks favouring aReuter - 63 words
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Article82 1977-12-02 1 Reuter TOKYO, Thurs. After-tax profits of 380 major companies listed on the Tokyo Stock Exchange fell by an average of 6.6 per cent in the first half of fiscal 1977 ended Sept 30 compared with the preceding six months. A survey also showed their sales fell toy anReuter - 82 words
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Article47 1977-12-02 1 UPI BANGKOK, Thurs. Burma has promised to open up the country to free enterprise until 1990. Radio Rangoon said today, "From now on, the government will allow free enterprise in the country and will guarantee that It will not be nationalised for 17 years." UPIUPI - 47 words
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Article56 1977-12-02 1 AFP TOKYO, Thurs. International Business Machines (IBM) has reached an agreement with the Bank of China to export large computers to the Chinese bank's Hongkong branch for on-line data-processing system. The Asahi Shimbun newspaper said the accord was reached when IBM chairman Frank Cary visited ChinaAFP - 56 words
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Article100 1977-12-02 1 UPI LONDON, Thurs. There was a slight improvement in Britain's strike figures in October but 1977 is still almost certain to go down on record as the worst year for strikes since the miners' strike of 1974, according to official statistics. Disputes in the motor industryUPI - 100 words
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Article55 1977-12-02 1 UPI NEW YORK, Thurs. Stocks turned mixed early today in fairly active trading. Analysts said the market was being influenced by institutional year end tax considerations. The Dow Jones industrial average was off 0.87 point shortly before 1600 GMT. Advances led declines, 567 to 339, among the 1,385UPI - 55 words
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Chief Price Changes
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Article, Illustration177 1977-12-02 1 BLUE chips featured bullishly in generally steady trading on the Stock Exchange of Singapore yester* day. Sin Chew Jit Poh closed four cents higher at $2.54. Reflecting this trend, the Business Times index rose to a record 481.12 for a gain of 4.20 points while the Straits177 words
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Article109 1977-12-02 1 Oriental M Weaving M Flour Berjuntal O Ceramics F Cables Bolton Rothmans SgBesl Rises 3.40 1.29 3.34 7.60 2 23 1.37 1.40 3.36 4.80 .22 .12 .10 .10 .08 .07 .06 .06 .06 Most active Msla Weaving 772,000 Inchcape 215.000 Pan Electric 131.000 Q. Ceramics 130.000 Total109 words
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Article1054 1977-12-02 1 JOHN TAN - DISCREPANCIES, WASTE IN SYSTEM By JOHN TAN TOTAL REVENUE collected by the Government in the fiscal year 1976/77 amounted to $3.16 billion $48 million In excess of estimates. The excess was attributable to hlgher-than-expected collections principally in property tax, customs and excise, and profit of the1,054 words
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Article273 1977-12-02 1 CROSS-LISTING of companies on various stock exchanges in Asean will be done in the near future. The continuing development of this region as well as the increasing scope of operations and projects will bring about this, according to two financial experts. The two men are Mr. Anthony273 words
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964 1977-12-02 1 SOH TIANG KENG - By SOH TIANG KENG BANKING and taxation laws in Asean should be harmonised to step up the flow of funds among the five member nations. Such harmonlsatlon will enable Singapore's Asian dollar market to play a more successful role In financing the economic964 words
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Article203 1977-12-02 1 MORGAN Guaranty Trust's invitation to the 14 managers of its two 1975 consortium loans to Indonesia to participate In a proposed US$5OO million ($l.lB billion) replacement loan to the country has met with success. The .banks which have expressed interest in the new loan are Bank203 words
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318 1977-12-02 1 Reuter TOKYO, Thurs. Japan's November visible trade surplus will be smaller than the US$l.B6 billion (554.41 billion) in October. Finance Ministry officials said this is based on export figures for the first 20 days of the month, which were up 19 per centReuter - 318 words
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442 1977-12-02 1 JOHN LIM - By JOHN LIM PRICES of Japanese cameras are expected to go up In the next few weeks In the wake of the strong appreciation of the yen. One company, Guthrie Trading (S) Pte Ltd, has already raised the prices of the range of442 words
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Article166 1977-12-02 1 BRUSSELS, Thurs. The European Common Market neared final agreement today on trade agreements with most of the more than 30 countries which supply textiles to the EEC. Including Hongkong, the biggest single supplier. "The package still has to be tied up," said the Community's chief166 words
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Page 1 Advertisements
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Advertisement58 1977-12-02 1 SAFE WITH AN ITOKI SAFE m 81 BUSINESS MACHINES SYSTEMS (S) PTE. ITIL 47 Poduxn Block OoMTmH Piu* Nwrton «o»d Singaporv il T« 2321M4* Cat)'* BUSNESTEMS S."g«xvt SEE PAGE 11 INSIDE TV Commodities K5?r Cro word l P3 Transport 4 ComLocal Co. Newt P4 munications International Co. News P5 Features58 words
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Advertisement161 1977-12-02 1 We have a history of making our depositors' savings grow The history of Lombard North Central goes back more than 100 years. So it's really no surprise that our steady growth has made us an important name in British banking and finance. Individuals and institutions the world over make their161 words
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Advertisement204 1977-12-02 1 KmdkSnElk MOUtUmdMrnktoFkUo*. ZjmK £*001 Fm» M 27, Far Em Snopp>M) C«M MOrcrwgllo« fW«« V WMN. \vH Tatuftsam The Corporate Dollar Capital Idle Working Capital Overheads Taxes Reinvestment Cash BPsjfe J Wofa/lEN I Put your idle cash to work with American Express International Banking Corporation I Whether you do business in204 words
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Page 2 Advertisements
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Advertisement215 1977-12-02 2 Mr. Chief Executive x We ran this ad recently. A lot of people read it. We know...we heard from diem. v Ifou probably read it too. But nave you done anything about it yet? The responsibility is yours. Ring ***** and ask for Miss lan SiewKim. •vssssfe*?*. jnahiog abig nusw"®v215 words
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OVERSEAS
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Article589 1977-12-02 3 NYT GENEVA, Thurs. Key negotiations between the Third World and the Industrallsed nations on the restructuring of their economic relations collapsed here yesterday. The so-called Group of 77 developing countries announced that they would demand the recessing today of a United Nations conference on a projectedNYT - 589 words
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308 1977-12-02 3 Reuter FRANKFURT, Thurs. The Bundesbank council meeting today Is expected to discuss the liquidity effect on the German economy of around four billion marks (554.3 billion) of net currency inflows in the last two months. But the council is unlikely to decide on anyReuter - 308 words
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326 1977-12-02 3 PARIS, Thurs. Officials from 11 major lending countries began talks yesterday with a Zaire delegation on the African foreign debt problems. Informed sources said the meeting, scheduled for two days, Is held within the framework of the Club of Paris and will concentrate326 words
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Article87 1977-12-02 3 Reuter WASHINGTON, Thurs. Commercial and industrial loans outstanding fell US$l6B million (Ss39B million) to $122.9 billion in the week ended Nov 23 but rose by $7.22 billion from the comparable week a year earlier. The Federal Reserve Board said loan sales amounted to $3.14 billion, $18 millionReuter - 87 words
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349 1977-12-02 3 BRUSSELS, Thurs. The Belgian National Bank ■pent the equivalent of nearly 6.4 billion francs (SS43O million) to support its currency in the week ended Nov 28. Informed financial sources said moat of the support came last Friday and Monday when the mark was349 words
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Article67 1977-12-02 3 Reuter BUENOS AIRES, Thurs. The Argentine Central Bank lifted a 1964 ban on over-the-counter gold coin sales, effective immediately. A bank circular 'to exchange houses said this applies only to coins purchased in Argentina. Sales must be reported to the Central Bank, in US dollars onReuter - 67 words
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403 1977-12-02 3 Reuter LONDON, Thurs. The Bank of England has Informed the discount houses that It does not wish to see any further increase In minimum lending rate. A spokesman said that last week's Increase In short-term Interest rates that resulted in an increaseReuter - 403 words
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288 1977-12-02 3 Reuter CHICAGO, Thurs. Harris Trust and Saving Bank economist Herbert Neil Jr said a prime rate of 9 per cent at the end of 1978 is possible with the pressure on short-term Interest rates coming in the late summer and early autumn.Reuter - 288 words
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Article122 1977-12-02 3 LONDON, Thurs. Chancellor of the Exchequer Denis Healey said the present British system of determining pay rises Is not equitable, efficient or good for the country. Mr. Healey told a private meeting of the manifesto group of ruling Labour Party Members of Parliament a new122 words
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581 1977-12-02 3 NYT WASHINGTON, Thurs. Broad tax reforms will be proposed to Congress next year, along with big tax cuts, President Carter said yesterday. Casting doubt on reports that he intended to defer major tax reforms, the President told his news conference that there willNYT - 581 words
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Page 3 Advertisements
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Advertisement123 1977-12-02 3 Investment opportunity for the wise industrialist: Sindo Industrial Estate 2 storey terrace factories at Upper Thomson Road Ideal for all light industries /v ♦Areas from 5360 sq. ft. near labour source of Ang Mo Kio. *Drive-in loading facility. *lndividual 40' x 49' front car park/loading area. lawn at rear. *Quality123 words
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Page 3 Miscellaneous
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Miscellaneous297 1977-12-02 3 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Dec 1 at Singapore airport. Maximum Temperature 31.4° C Associated Humidity Minimum Temperature 23.V°C Associated Humidity Hours of Sunshine Rainfall in Millimetres Trace Total Rainfall for the Month 361.4 Total Rainy Day§ for the Month RADIO TV SINGAPORE297 words
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Miscellaneous683 1977-12-02 3 THE TWO-IN-ONE CROSSWORD 10 hi Ih2 127 128 129 130 I [31 CRYPTIC PUZZLE ACROSS 4 A stream teacher! (6) 7 Battle station (8) 8 Voice of a belter? (6) 10 Where. In France, there may be oil about (S) 13 Turns and leaves (4) 14 Where the bathers cover683 words
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COMPANY NEWS
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702 1977-12-02 4 MALAYAN Tin Dredging's first report of profits In Its new life as a Malaysian company reveals a not unexpectedly strong upswing In pre-tax profits for the year ended June 30, 1977 with a gain of 63.9 per cent to M 527.39 million. However,702 words
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Article42 1977-12-02 4 SEMBAWANO Shipyard with Its parent company Sembawang Holdings has formed a Jointly-owned company for the purpose of owning, managing, and chartering sea-going vessels. The company is called Sembawang Shipping Company (Pte) Ltd. with an authorised share capital of $20 million.42 words
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Article285 1977-12-02 4 Current payment Ex Date Date payable Total for the year Total for previous year Gleaneaiy Kuala Sidim PMR1 5% 35%e 10% Nov 27 Nov 15 Nov 18 Dec 3 Dec 5 Dec 7 10% 35% 10% 5% 5% 20% Austral Enterprises Talam Mines Rah Hyd 10% I 10%I285 words
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Article105 1977-12-02 4 Austral Enterprises Aftr Molek Rubber Benta Plantation* Buklt Katll Rubber Castlef leld »«I1M 28.123 M.«8 222.00 36,163 243,581 Consolidated Plantation* Dunlop Estates O)engowr»e 2,949,000 2,069,662 64,432 Golden Hope Holyrood 1,121,971 98.664 Inch Kenneth Kajtng. Kerfipaj (M> Killlnghal)(Rubber>.... Kinta Kellas Rubber Kuala Setangor Kundong Tajong Fa u105 words
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509 1977-12-02 4 A SHARP rise In dividend income has boosted earnings at Parlt Perak Holdings for the year ended June 30, 1977. Group pre-tax profit for this plantation investment company rose by some 32 per cent to M 54.12 million on the back of a near similar509 words
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Article457 1977-12-02 4 ALTHOUGH Jack Chla Mining and Industrial did benefit from the sudden surge in the tin metal price In its second half year, the profit turned in during the period was not big enough to offset the loss suffered during the first six months. Revealing this457 words
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Article797 1977-12-02 4 NEW YORK: How does It feel to have an unwelcome admirer? The PABST Brewing Co. found out when Frank Degulre, president of the nation's fourth largest brewer, picked up the phone one day last month. On the line was Harold Schwartz Jr., a PABST stockholder.797 words
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Article52 1977-12-02 4 FUJI Heavy Industries, will produce and sell large-sized excursion buses in Thailand in partnership with Siam Motors Co of Bangkok. Fuji said it will supply 48 per cent of necessary parts and the remainder will be produced locally. The 45-seat bus will be powered by Nissan Motor Company's52 words
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Article373 1977-12-02 4 FT THE go-ahead for the new Amsterdam based European Options Exchange has now been given by the Dutch Government. As a result, application forms for membership of the exchange, which will trade In share options In leading world companies, are to be sent out, toFT - 373 words
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577 1977-12-02 4 NEW YORK: There Is plowing cynicism In legal and Wall Street circles over the process by which major companies find themselves on the auction block despite their intense desire for independence and their best efforts to remain so. Even If a corporation that577 words
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Article913 1977-12-02 4 November 30 Volume on the Chicago Board Options Exchange rose to 137,104 contracts from 133,568 on Tuesday. Advances led declines 332 to 137. OPTION JAN APL JLY 8TOCK Alcoa Alcoa AIco* Alcoa Am Tel Am Tel Am Tel Am Tel AUR AUR Avon Avon-P Avon Avon-P Avon913 words
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326 1977-12-02 4 OROUP pre-tax profit at Toshiba (Malaysia) showed a 28.5 per cent gain to M 51.73 million for the year ended June 30, 1977, with after tax profit neatly up by 23 per cent to M 5952,000. This performance on the back of better326 words
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COMPANY MEETINGS
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Article25 1977-12-02 4 Dec 15 at its registered office, 4th floor, Wong Shee Fun Building, Jalan Ah Fook, Johore Bahru, Johore, Malaysia at 11 a.m.25 words
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Article26 1977-12-02 4 THE following company meetings are due: Dec 5 at Its registered office. 50 Jalan Ampang, Kuala Lumpur. Malaysia at 12 noon.26 words
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13 1977-12-02 4 Dec 17 at 21 and 23, Jalan Hussein, Ipoh.13 words
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Article19 1977-12-02 4 Jan 12, 1978 at Its registered office, 25 Beach Street, Penang, Malaysia at 12.30 p.m.19 words
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Article15 1977-12-02 4 Dec .1.. 28 at qoon at 72A Jalan Tampol, Johore Baru, Malaysia.15 words
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Page 4 Advertisements
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Advertisement170 1977-12-02 4 Steadily We Grow We're one of Singapore's youngest banks! Considering that the first account, established with us, is not yet four years old. weTiave already become a sturdy plant, firmly rooted in our garden city. Fertilised by satisfied customers, who entrust their business to us and who come to us170 words
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279 1977-12-02 5 ASIAN COMPANIES Reuter THE Sumitomo Bank hopes to return to a strong profit In the current six months to March 31, after suffering a temporary profit decline In the last period due to writeoff of bad debts, a bank spokesman said. TheReuter - 279 words
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107 1977-12-02 5 UPI MATSUSHITA Electric Industries, maker of Panasonic audio equipment, will embark on production of small-size motors at its subsidiary factory in Puerto Rico, business sources salr*. The sources said Matsushita plans' to manufacture some 200,000 units of motors to be Installed on tape recordersUPI - 107 words
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105 1977-12-02 5 Reuter AFTER-TAX profit at Pioneer Electronic Corp fell from 11.13 billion yen to 10.41 billion yen for the year ended Sept 30, 1977. Sales Increased marginally to 164.54 billion yen from 160.93 billion yen. It declared an unchanged dividend of 24 yen. The company said ItReuter - 105 words
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Article219 1977-12-02 5 EUROPEAN COMPANIES FT AFTER heavier interest charges of £299,000 against £190,000, pre-tax profits of mining and Industrial equipment manufacturers, Anderson Btrathclyde declined from £1,322,u00 to £1,191,000 for the half year to Oct. 1, 1977. Turnover was little changed at £19.26 million compared with £19.16 million.FT - 219 words
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Article43 1977-12-02 5 Reuter THE forthcoming 25 million franc, 15-year, 4.75 per cent loan to be floated by Faellesforenlngen for Denmark's Brugsforenslnger Coop Danmark on the-Swlss market from Dec 2 to 7 has been priced at 99 per cent, primary market sources said. Reuter.Reuter - 43 words
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Article255 1977-12-02 5 NORTH AMERICAN COMPANIES BANK of Montreal reported after-tax balance of revenue for the fiscal year ended Oct 31,1977 to be $122 million, an Increase of $26.1 million, or 27.2 per cent over 1976. After-tax earnings per share were $3.18 compared with $2.7 in 1976.255 words
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Article75 1977-12-02 5 Reuter ROYAL Bank of Canada said it now holds two-thirds interest In Bankhaus Burgardt and Broeckelschen. It did not disclose the amount paid for the interest. Royal said it acquired one-third participation of the Westdeutsche Landesbank Olrozentrale. The other third, acquired in February, 1975, is maintained byReuter - 75 words
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Article39 1977-12-02 5 Reuter COMMONWEALTH Oil Refining Co said it asked the New York Stock Exchange to halt trading In series A and 4% per cent convertible debentures pending a news release. Commonwealth Oil was last traded at 2V».— ReuterReuter - 39 words
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680 1977-12-02 5 NYT NEW YORK: Accountants traditionally have urged their corporate clients to provide more and more financial disclosures to the investing public, but have been secretive about disclosing such information on their own practices. Yet, bit by bit, word has been filtering out on theNYT - 680 words
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Article386 1977-12-02 5 FT COMMERZBANK, West Germany's third largest commercial bank, reported a heavy Increase In operating profits during the first ten months of the year. An Interim report told its shareholders, that compared with the same period of 1976, operating profits had risen by a fifth. The profitsFT - 386 words
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Article49 1977-12-02 5 Reuter SCHERING has agreed to take over the German fertiliser marketing activities of Phillps-Duphar BV, a 100 per cent subsidiary of NV Philips Gloellampenfabrlekken, from Jan 1, 1978. Previously, the activities were carried out by PhllipsDuphar of Duesseldorf, a subsidiary of Allgemelne Deutsche Philips Industrie of Hamburg. ReuterReuter - 49 words
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95 1977-12-02 5 Reuter TRADING on the Paris bourse may be seriously curtailed today as many bourse employees plan to Join the one-day national strike called by French trade unions In protest against the government's economic policy. Bourse staff are also meeting this afternoon to decideReuter - 95 words
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Article98 1977-12-02 5 Reuter CONSOLIDATED Gold Ftelda' rights issue of 26 "million shares has been 87 per cent taken up, chairman Lord Erroll told tfce annual meeting. The basis for the underwritten Issue was two new shares for every nine held at 155 pence each, to raise £39.3 million.Reuter - 98 words
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Article54 1977-12-02 5 Reuter THE City of Gothenburg $30 million Eurobond was priced at 99 1/2, co-lead manager, Union Bank of Switzerland (Securities) said. The Issue, due 1987, carries a coupon of 8 3/4 per cent and dealings in the secondary market started on Tuesday. The bond is co-managed byReuter - 54 words
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393 1977-12-02 5 FT EVER Ready, which has already been the subject of reports by the Monopolies Commission and the Prices and Incomes Board, Is to have Its latest price rise Investigated by the Price Commission. The company applied to raise the prices of ItsFT - 393 words
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Article91 1977-12-02 5 THE European Investment Bank announced five loans totalling 89.5 billion lire for five projects in Italy. The largest for 24 billion over eight years at 7.7 per cent Is to part-finance a float glass plant In San Salvo. A. 10-year loan of 20 billion at 891 words
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Page 5 Advertisements
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Advertisement332 1977-12-02 5 m* »ItL > ~**y-»'>f-I "siV VB> Ik !fc| On your u>ay to Europe, why not see Pakistan, the country that has such a variety of landscapes and climates we call it our country of countries. Pakistan International will fly you to Europe via their country of countries Pakistan International flies332 words
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Article2342 1977-12-02 6 1*77 High Low Owpuy Last Sale ♦BrGr'» div Div c'rr Gr'« Net y'ld P/E Vol Day ('000) High L SECTION ONE INDUSTRIALS 154 204 110 240 88* 205 100 259 422 140 134 186 58 212 57* 155 152 182 350 91 Acma Alcorn Allied Choc Bata2,342 words
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Article1308 1977-12-02 6 BID u4 offer prieaa effldally liatod tW kiaiam La sad riiwtri to the Stock Exckaaga BiagaP« y Bator day with the a unbar of •haree tradod ikm to bracket* ia lota of I.MO uaits uniaaa otherwise a pacified. AU Tina Settleneat Co® tract* are quoted after the1,308 words
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Article1536 1977-12-02 6 BID and offer prices officially listed and business in and reported lo the Kuala Lumpur Stock Exchange yesterday with the number of thares traded shown in bracket* ih lots of 1,000 units unless otherwise specified. INDUSTRIALS Ajtnsmete (2 128 2.208). Alssm (1.658). A. CAM (IMB 1.008) (1)1,536 words
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Article78 1977-12-02 6 STRIKING pricea of the stock optiona officially listed on the Stock Exchange of Singapore, the periods, bid and offer pricea and business done yesterday, with the number of optiona traded shown in brackets. C And C (Dec 1.90) (0.008 0.655). (Dec 12.30) (O.2SS). 9 o> <0 WB Sime78 words
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Article156 1977-12-02 6 I SINGAPORE UNIT TRUST INCOME BOND UNIT iMutftn' prica hrDactl (lurraat p> INCOME BOND ■waa) The Commerce 1.77 1.88 1.08 1.14 The Saving Fund l.M 1.12 MARA BUMIPUTRA FUND S'pore Prog Fund 0 83 0.88 (Maaacara' prion I far Dac 2) 1 Spore Security First Bumlputra 223 2.28156 words
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Article148 1977-12-02 6 B O T 8 1/2% IMI (100,000) (100HB 10INS) B O T 7 5/8% I*B4 (100,000) (97V,8 OSS) Credit Lyon nab Floating 1983 (100.000) (97ViB 98S) DBS Convert* 6 1/2% 1991 (25,000) (968 96*S) (1) »6% D B S 8 1/2% 1182 (100,000) (1008 100 l «S) E148 words
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Article126 1977-12-02 6 R«P Spore D Mark 7% 1982 (100.000) (102*B 103WS) Rep Spore 6 1/2% 1983 (100.000) (102*B 102%8) aof.oS)*(»Hß fotfi,"" Electric ConverU 6 'J* 2 (50.000) (958 96 SS) 11J C Itoh C 3/8% 1984 (100,000) (97*8 97SS) (7) 97% 4 J/** l/S/79 <250,000) (100.508 100.545) vvvv > 5126 words
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Page 6 Advertisements
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Advertisement627 1977-12-02 6 sinGapura FORUM HOTEL A Division of »nt»r Coot»n«nt ji Motels 585 Orchard Road, S'pore 9. Tel: *****2 405/407 Havelock Road, S'pore 3. Tel: *****1 Pebble Bar Experience the unique expression of Tania Great Sound Big Show You'll love the dynamic and versatile Tania For memorable yester hits and today's favourites.627 words
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Article, Illustration695 1977-12-02 7 SELECTIVE trading took place in steady to firm coo* ditions at the Stock Exchange of Singapore yesterday. After a strong opening, the market eased fractionally but recovered later in the day to end on a firm note. Ob balance, ft— oatnumbered 1 oases two to one. Blue chips695 words
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Article310 1977-12-02 7 CONTINUED bullish support saw most prices at the Kuala Lumpur Stock market closing on a fairly firm note In another round of active trading yesterday. Right from the opening bell prices were marked marginally higher In extension of Wednesday's steady close and continued to trace a firm310 words
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INTERNATIONAL STOCK MARKETS
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Article344 1977-12-02 7 HONQKONQ: Share prices closed steady in very light trading, with the market awaiting the outcome of the Brussels textiles talk*, dealers said. pJnTt^ir* lndex rote 128 Among leading shares, n—|koa« Land rose five to 6.85 and Harden eased to 2.425/45 from 2.45. Hoackaac Bank, Hutchison, Swire Pacific and Jardiae344 words
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Article472 1977-12-02 7 TOKYO: Share prices closed lower after a firm start on caution following the rapid recovery of the past five consecutive sessions, dealers said. The Dow Jones average fell 23.77 to'close at 4,913.12 with volume t320 million shares. The New index closed at 366 71 down 1.40. Real estate and472 words
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Article390 1977-12-02 7 SYDNEY: The market closed mainly lower on profit taking, with mines and industrials easing but retailers firmer, dealers said. The sydney All-Ordinaries fell 1 19 point to 440.25 eight to 5.40 and CBR while among banks the NSW, ANZ and National all lost ground. Retailers Myer, Wool worth, and390 words
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Article161 1977-12-02 7 MANILA: The market closed mixed with oils and commercials advancing marginally while minings continued lower, dealers said. Turnover fell to 2.22 million pesos from Tuesday's 3.78 million. In minings. Atlaj lost three points while other mining Issues were unchanged. Oils generally rose slightly while In commer- cials, PLDT gained161 words
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Article115 1977-12-02 7 DEC Bahts Aala Fibre TT1 Bangkok Bank 3*7 ♦2 Bangkok Invest 344 unch Bangkok-Metro-politan Bank Bat* 715 ♦5 Bern Jucker 5M ♦2 Charoong Thai Wire Dumex Duslt Than! Faber Merlin First Trust 325 -10 Oenera Finance 1 Indo-Thal Industrial Finance 2105 Corp -40 J And J Ho Jalaprmthan 307115 words
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Article332 1977-12-02 7 AMSTERDAM: The market eased, but despite the sharp fall on Wall Street the decline in Amsterdam was less than expected with signs of a centreright Dutch cabinet may soon be formed bolstering sentiment, dealers said. uutcn iniernauonats leu oy as much as 0.30 guilders, though Unilever was a lone332 words
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Article128 1977-12-02 7 BRUSSELS: Share prices closed power In quiet trading, bourse sources said. Sidro, Wagona-lita, Moiane and Tabacofina rose, while Softna, L'nerg, Electraftna, Ajturienne, FN, CockeriU, HainautSambre, Acec, Cometra and Arbed all fell. Societe Generate was also lower despite Its prediction of slightly higher 1977 profits. NOV MF FORWARD MARKET Acec128 words
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Article306 1977-12-02 7 FRANKFURT: Most shares closed slightly weaker la doll trading, partly owing to major Investors year-end position cUsing, dealers said. Deutsche Baak, which announced higher 10-month operating profits, gained 2.30 marks. Bayernhype, which also announced higher operating profits rose 0.50 marks. Shares in the auto sector were steady. In engineerings,306 words
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Article171 1977-12-02 7 MILAN: The market closed Irregularly lower In thin trading, dealers said. The prime rale cuts had little Influence on market sentiment, they added. Anic. both Olivetti*, Finsider and Italgaa were Isolated gainers while both Pirelli Montedison, Snia Vlictit and Fiat fell. Mediobanca was barely changed as was Aidcuraxjoni Generali171 words
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Article300 1977-12-02 7 PARIS: The market was weaker ahead of the naUonal strike and on a 1/8 point rise In call money, dealers said. Americans, Germans, Dutch coppers and International oils lost ground. Oolds were steady. NOV 38 Fn CORBEILLE Air-Uguide 280 B8N QervUs Danone 431 unch -8 C8F (ThomaonC*f) CkFrtnctlat deePeueiee300 words
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Article266 1977-12-02 7 ZURICH: Prices closed narrowly mixed In quiet trading, with the weakness of Wall Street dampening buying Interest, dealers said. Amont leading banks, Bankgesellschaft and Volksbank closed very steady, while Freditanstalt was barely steady. Financials and Insurances showed only minor variations either way. while small declines predominated among Industrials. despite266 words
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Article389 1977-12-02 7 JOHANNESBURG: Gold shares were generally higher on the stock exchange though selective issues were off best levels, dealers said. They noted an Initial rise was inhibited by the strength of the securities rand price. Trading overall was fairly quiet, they added with gains ranging up to 75 cents Financial389 words
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Article232 1977-12-02 7 TORONTO: Share prices closed sharply higher In active trading. The composite Index, up more than seven points at 1017.5, reached 1U highest level since last Aug 24. The oil and gas. real estate and merchandising sub-groups were all at three-year highs. Advances outnumbered declines by 247 to 189. Closing232 words
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Article1109 1977-12-02 7 NEW YORK: Stocks fended off further losses to finish narrowly higher In moderate trading. Analysts called It a "convalescent day" after a sharp selloff previously. They attributed the firming to bargain hunting and to an announcement by IBM that It has no plans to change Its pricing structure,1,109 words
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Article62 1977-12-02 7 FINANCIAL TIMES INDUSTRIALS Wednesday 481.0 Tuesday 474.1 Week Ago 470.0 DOW JONES AVERAGE INDUSTRIALS Wednesday 829.70 Tuesday 827.27 Week Ago 843.30 LONDON DOLLAR PREMIUM Wednesday 97* to 98 Tuesday 97* to 98*4 H.K. HANG SENG Wednesday 419.29 Tuesday 418.10 Week Ago 424.87 SYDNEY INDUSTRIALS Wednesday 382.54 Tuesday 377.90 Week62 words
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Page 7 Advertisements
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Advertisement477 1977-12-02 7 I IVIIIVA polo Singapore Tanglin Circus, S'pore 10. Tel: *****1 Brasserie La Rotonde Specialite de Cafe Expect the unexpected! Daily specials that are as fresh as a new day Today s special could be meat. Or seafood Even hors d oeuvres. But whatever it is, it's fresh. And prepared as477 words
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COMMODITY REPORTS AND PRICES
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Article428 1977-12-02 8 REFLECTING lower London advices the Singapore rubber market yesterday opened 0.50 cent lower. The market then lost further ground on stale bull liquidation and forward selling, dealers said. At midday, however, short-covering was evident at the lows to check the decline but values eased back428 words
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Article26 1977-12-02 8 Rubber: Dec 1 Singapore: December 203.75 (down 1.75) Malaysia: December 203.50 (down 1.75) Tins: $1,781 (up $13) Official offering: 247 tonnes (down 59 tonnes)26 words
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Article326 1977-12-02 8 Prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. Int IR S S.Dec 1977 203 50 204.50N 203.25 204.25N 204 00 204.25 203.75 204.25 Int. 1 R.S.S Jan 1978 205.25 205.75 205.25 205.75 Int 2 R.S.S.326 words
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Article108 1977-12-02 8 NOON SSR and SMR prices yesterday: R.A.9. December January (Current Mth) (For* •rd Mth) Buyer* 9eller» Buyers Sellers i (cants per kf) (cent s perks) SSR 20 <1 —ton pallet) 197 50 199 508 198 50 200 SON SSR SO <1 -ton pallet) 195 50 197.50N 194.50108 words
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Article320 1977-12-02 8 HONGKONG, Thurs. Sugar futures closed firmer in quiet and featureless trading, dealers said. Trading was confined to March and May, rising 0.16 and 0.18 US cents, respectively, while July and September were untraded and one lot was traded In October, they said. Total turnover rose to 40 lots320 words
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Article404 1977-12-02 8 THE SINGAPORE produce market continued Its quiet trading pattern yesterday. Most commodities were traded around their overnight levels except for pepper. According to the price list issued by the Singapore Chinese Produce Exchange, all grades of pepper were marked down, by $2.50 per picul, for the second day404 words
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Article333 1977-12-02 8 LONDON, Thurs. Coffee futures opened quietly steady, £1 to £5 per tonne down from yesterday's close. Turnover was 89 lots. Well-matched commission house and dealer trading was confined to the first three months while other forward positions were neglected. Dealers said the market continued to reflect lack of buying333 words
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Article66 1977-12-02 8 C.I.F. Rotterdam. US dollars per ton. LONDON: day Pwiow Malaysia 5% f fa bulk Jan/Apl 453s] r 45&slr Sumatra 5* f fa Nov UOslr 550slr Dec 482 50/485pd 407 SOilr Jan 487 SOslr 487. MMr Feb 480/457.50pd 482 50pd March 480pd 4«Opd April 457 50pd 455pd Nigeria SH66 words
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Article324 1977-12-02 8 LONDON. Thurs. Terminal sugar gained £1.10 to £2 per tonne from last night at the opening call but was only a shade up from steadier New York based kerb levels. Dealers said chart factors were at work with sentiment possibly influenced by the approach of the new International Sugar324 words
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Article239 1977-12-02 8 THE STRAITS tin price In Penang yesterday rose MSI3 to $1,781 per plcul on an official offering down 59 tonnes to 247 tonnes. The market recovered on buyina support from U8 and Japan despite easier conditions in London. Reduced volume of tin supplies also contributed to the recovery,239 words
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Article334 1977-12-02 8 LONDON, Thurs. Cocoa opened £49 to £6 per tonne lower on a turnover of 501 lots. The sharp drop surprised many traders as they had expected an unchanged opening against New York. Traders said the decline led by spot December was a readjustment against yesterday's close when December finished334 words
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Article115 1977-12-02 8 HONGKONG, Thurs. The rice market was quiet with prices up to 30 cents higher, dealers said. Turnover totalled 354 tons comprising Thais 112, Kwangtungs 180 and Australlas 62 tons. Arrivals comprised 420 tons of Kwangtungs and 300 tons of Australlas. < Prices In HK dollars per ptcul exgodown) Thai115 words
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Article147 1977-12-02 8 CHICAGO, Thurs. Soybean futures yesterday finished at or near the lows with net losses of 7-1/2 to 91/4 cents a bushel. The market drifted aimlessly for much of the session, with losses of approximately four to five cents. Traders said the market appears to be undergoing a consolidation phase147 words
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Article98 1977-12-02 8 CHICAGO, Thurs. Wheat futures yesterday closed at or near the lows with net losses of 5-1/4 to 2-1/2 cents a bushel as local and commission house selling In the final minutes drove the market down. The nearby December was under the most speculative and commission house selling pressure throughout98 words
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Article341 1977-12-02 8 LONDON, Thurs. Copper wlrebars finished the morning with all-round gains of £8 per tonne. Values advanced on Uie pre-market on moderate short-cover-ing prompted by the very steady New York close, some West Oerman physical demand and steady gold this morning. Three Months ran up to £687 per tonne but341 words
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Article199 1977-12-02 8 LONDON, Thurs. Silver advanced by 1.9 to 1.7 pence per troy ounce. Steady overnight US futures and gold this morning prompted small-scale covering up to 267.8 pence per troy ounce for Three Months. The movement was also given support by the bullion dealers' fix. Trading was slow however with199 words
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Article341 1977-12-02 8 THE KILOBAR opened yesterday at 8312,288 and was sold down to 812,220 before recovering to close at $12,267. Trading was thin and dull. The London market opened at U*****.70/180.00 and turned easier on smallscale selling to touch a low of U*****.10/159.30 before buyers appeared and prices firmed to close341 words
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Article109 1977-12-02 8 LONDON, Thurs. Lead gained £2.25 for cash and £2 for Three Months. Dealers said this market continued to display a firm tone despite the denial late yesterday by Penarroya of LME rumours that It had declared or will be declaring force majeure on lead deliveries. Fresh buying and chartist109 words
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Article118 1977-12-02 8 LONDON, Thurs. zinc ended the morning ring unchanged in both positions. Market sources said this metal generally remained depressed by the low level of physical activity and drew little encouragement from higher copper and lead prices. Three Months traded at £297 In the pre-market but drifted back to C118 words
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MONEY AND EXCHANGES
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Article521 1977-12-02 8 THE FOREIGN exchange market continued to be fairly active yesterday, with most of the movement seen in the deutschemark and yen counters. Against the deutschemark, the US dollar opened at DM2.2205/ 15, rising to 2.2235/ 45 by noon. With the entry of London in the afternoon, however, it fell521 words
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Article35 1977-12-02 8 ACBG IV. Citibank 7 HSBC 7 7 Bank of China Bank of Tokyo 7 Malayan Banking 7 7 Bank Negara Indonesia OCBC OUB L'CB 7 Chaw Manhattan DBS UMBC L'OB 7 735 words
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Article157 1977-12-02 8 Asian rates I ASIAN currency deposit Interbank I rate* as at clow on Dec 1: US Dollars (Spot) Offer Bid 7 days 8 3/4 6 5/8 1 mth 1 67/8 2 mtfij 7 1/16 615/18 3 ruths 71/» 7 6 mths 77/18 7 5/18 IrnUu 71/2 73/8 12 mths 71/2157 words
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Article43 1977-12-02 8 RANOE of pr>« ■s offered b' 1: H ■mj to 3M.H 3-Month Treasury bills 3-Month Bank bills 3-Month CD 5- Month CD CUM Buying 8« 3 1/4 3 4 15/16 4 5 5/8 5 3 15/16 5 Source: National Discount Co Ltd.43 words
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Article124 1977-12-02 8 Euro rates LONDON, Thurs. Eurodollar deposit rates held steady In little activity, dealers said. Periods up to three months firmed with One Month 3/8 point higher on the loss of the Friday dealing factor. Other Fixed dates showed little change but Four and Five Months firmed 1/10 point. Dealers said124 words
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Article64 1977-12-02 8 ZURICH exchanges closing quotes on Nov 30: US 2 1636-1644 SIC 3 9277-9303 Qui 1 9323-9526 D Mk 97 20-28 D n 99 94-92 r Ft 44 SO-M B Fr 6 1577-J636 O Kr 35 16-20 N Kr 39 96-40 03 8 Kr 44 66-45 02 Lit 0 2442-246664 words
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Article220 1977-12-02 8 LONDON, Thurs. The dollar weakened against leading currencies in opening trading as operators took fresh positions at the beginning of the month and ahead of the weekend, dealers said. The dollar weakened especially against the Swiss franc and the mark in quite active Initial trading before settling at the220 words
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Article117 1977-12-02 8 NEW YORK, Thurs. The dollar yesterday finished weaker against major currencies as an afternoon decline erased the morning's gains, dealers said. The dollar moved higher in the morning following the report that US leading economic indicators were up 0.7 per cent in October, but declined steadily against most117 words
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Article216 1977-12-02 8 TOKYO, Thurs. The dollar for overnight delivery closed at 244.15 yen, down from a 244.30 opening and 244.20 at yesterday's close, dealers said. Spot trading was light with volume of US$272 million. No centra] bank intervention was detected, they said. The dollar fluctuated between 243.60 and 244.60 yen with216 words
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Article123 1977-12-02 8 HONGKONG, Thurs. The US dollar closed slightly below the day's highest levels after earlier reversing New York's weaker overnight tendency, dealers said. The dollar was quoted at 244.10/20 yen after touching 244.15/30 and compared with New York's 24*00/15 level. It also drifted lower to 2.2220/30 marks from 2.2240/50 earlier123 words
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Article44 1977-12-02 8 FRANKFURT exchanges opening quotes on Dec 1: US 2.2165/205 Can 2 0000/20 Bt«4 027/OJ7 D Pi 92 40/50 S Fr 102.60/60 Ut 2.526/596 F Kr 45 60/79 N Kr 40.97/41 07 B Fr con < 343/353 B Fr fin 6 33/34 Yen 0 9095/910044 words
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Article378 1977-12-02 8 LONDON, Thurs. Trading was very quiet, reflecting first of the month influences and continued concern over the weakness of the dollar on foreign exchange markets, dealers said. Straight US dollar bonds lost up to 1/8 point where changed. Sterling Issues recovered Eurobond prices quoted on Dec 1: Straight* BM378 words
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Page 8 Advertisements
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Advertisement384 1977-12-02 8 New from Penguin 1976 Nobel Prizewinner IN PENGUIN 1976 Nobel Prize Winner is at his best again in his latest book To Jerusalem and Back'. As with his recent best-seller 'Humboldt's Gift', Bellow's brilliant images emerge at frequent intervals like sunshine through fog, witty, clever, radiantly imaginative and without doubt,384 words
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TRANSPORTS AND COMMUNICATIONS
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Article734 1977-12-02 9 ARRIVALS Service I<ocel Operator Number Time From KAL KE807 0015 SEL CAL CI 331 0040 TPE/HKO/KUL MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0850 PEN MAS MH607 0900 KUL MAS MH671 0945 PEN/KUL SIA SQ103 1045 KUL OIA OA 980734 words
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Article172 1977-12-02 9 UPI LONDON, Thurs. Japan's grain Imports gave some new life to North American grain markets, but that sector remained unusually quiet In terms of overall business. Rates remained about steady, with $10.50 (FIO) taken by the December Loaders Maritime Wlmmer and Plnksky for cargoes of 38,000 tonsUPI - 172 words
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237 1977-12-02 9 AP WASHINGTON, Thurs. Ratification of the new Panama Canal treaty will mean a 25 to 40 percent Increase In tolls for ships passing through the waterway according to US officials. Major General H.R. Parfltt, governor of the Canal Zone, and Howard F. Case,AP - 237 words
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Article141 1977-12-02 9 AFP COLOMBO, Thurs. Sri Lanka and Czechoslovakia signed an air service agreement here yesterday. Under the agreement a designated airline of Sri Lanka Is permitted to operate one frequency per week In each direction using DC 8 or comparable type of aircraft from Colombo viaAFP - 141 words
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Article, Illustration405 1977-12-02 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barcelona Maru (after Centaur must salt not later than UOO/4th) 42/43 Bunga Sepang (Tanker) (1000 subject gas free P/O) 15/16 Hoegh Elite (after Nlchlyu Maru) 6/7 Montes (after Zlnovly Solovyev) 24 New Globe (after Muchachevo) 38/39 Nedlloyd Fukuoka (after Unleurope) 8/9 Ragna Bakke405 words
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Article, Illustration340 1977-12-02 9 MANILA, Thurs. Asean Governments are considering a cooperative regional shipping service, President Ferdinand E. Marcos said today. Mr. Marcos spoke at the Manila meeting of the East Asia Committee of the Lloyds Register of Shipping. Among those attending the meeting are R.A. Huskisson,340 words
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Article181 1977-12-02 9 Reuter MANILA, Thurs. China has expressed Interest In supplying general cargo vessels between the Philippines and ports in various parts of the world In competition with Western conference lines, representative of Its agents, Mr. Lan Hannah said here yesterday. He said the offer of theReuter - 181 words
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Article, Illustration847 1977-12-02 9 Reuter MANILA, Thurs. Manila has some of the world's most colourful public transport but much of It Is Illegal and It causes a headache for the authorities. For years, the government has tried to rationalise the burgeoning transport system among the world's cheapest asReuter - 847 words
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Article, Illustration155 1977-12-02 9 MR. Donald H. Tod, general manager of United Arab Shipping Company (UASC) is in Singapore today (Dec 2) for discussions with the local Industry on the company's plans for future expansion. Mr. Tod, who will be in Singapore till Dec 4, Was in Korea before155 words
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Article96 1977-12-02 9 AFP KUALA LUMPUR, Thurs. Japan Airlines (JAL) has stationed two of its own security officers at Subang international airport as part of tough world-wide antlhijack measures for its aircraft. The officers started work yesterday. According to a JAL spokesman, the officers and MAS securityAFP - 96 words
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636 1977-12-02 9 BURBANK, Thurs. Lock-heed-California Company will offer an active control system to operate the ailerons on its L-1011 TrlStar Jetliner for delivery beginning in 1980, company officials said. This follows successful tests of an active control system on the company's test aircraft in Palmdale, California.636 words
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Page 9 Advertisements
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Advertisement28 1977-12-02 9 COME TO THE BLACK TOWER i < Tx wm M 1 i .<* J y® Enjoy the chilling taste of Germany's finest white wine. Another quality product from Sime Darby28 words
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Article, Illustration2106 1977-12-02 10 HAVING BROUGHT THE US ELECTRONICS MARKET TO ITS KNEES THE JAPANESE INVASION IS SET TO SWAMP EUROPE. HITACHI'S PLAN TO SET UP A TELEVISION FACTORY IN ENGLAND COULD WELL BE THE BEACH-HEAD THE JAPANESE NEED. MAX WILKINSON REPORTS FROM LONDON. FT HITACHI'S hotlyFT - 2,106 words
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769 1977-12-02 10 ELIZABETH M. FOWLER - The hours are long, the holidays few, but the students don't complain. ELIZABETH M. FOWLER takes a look at one of the toughest graduate programmes in the US. ELIZABETH M. FOWLER NYT NEW YORK: Fourteen hour days and a few weekends off are about parNYT - 769 words
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Article, Illustration1191 1977-12-02 10 NYT NEW YORK: History never repeats Itself exactly. Nevertheless, there would be little point In studying the past if It did not often have serious lessons for the present. The present disorderly, fevered state of the world monetary system (with the dollar weak againstNYT - 1,191 words
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Page 10 Advertisements
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Advertisement140 1977-12-02 10 L V Kenneth .4" r/i r« W. L\ > r v Kenneth Lo, the well-known Chineee cookery writer, introduces the rMdw to the techniquee of Chineee cooking, and gtvM on Insight Into their unique way of eating. Beginning with simple onedish main coureee, ho progreeeee through popular soups to deeeerts,140 words
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470 1977-12-02 11 Agencies TOKYO, Thurs. Japan will be barred from the Soviet 320-km exclusive fishery zone If It signs a peace treaty containing an "anti-hegemony" clause with China. Kyodo news service. In a Moscow dispatch, quoted "authoritative" Soviet sources as saying that China is seekingAgencies - 470 words
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536 1977-12-02 11 Reuter LONDON, Thurs. British Energy Secretary Tony Benn yesterday told a Chinese trade mission here Britain was very interested in exporting energy technology and knowhow to China. He had a 45-mlnute meeting with Chinese Foreign Trade Minister Li Chiang, whose delegationReuter - 536 words
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Article276 1977-12-02 11 DAIMLER-BENZ has contributed a $1 million dollar exhibit to the Singapore Science Centre on the development of the automobile over a period of 90 years from 1886 to 1976. The display will feature models and illustrations, divided into 12 sections covering 121 exhibits. The exhibit was formally handed276 words
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Article142 1977-12-02 11 JURONQ Engineering, which has Just been awarded a contract to build a palm oil extraction plant, is currently working on major contracts in several West Asian countries with a total value of $100 million. Joint managing director, Mr. Low Guan Onn, said the contracts include a142 words
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246 1977-12-02 11 SINGAPORE'S metal working industry is the third most accident-prone industry, next to shipbuilding and repair and building construction. Accidents in this industry have increased more than 100 per cent from 350 in 1973 to 711 last year. In the first seven months246 words
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242 1977-12-02 11 AFP HONGKONG, Thurs. The United States continues to be Hongkong's major buyer of textiles and Rrments, Judging from the test official end-of-October figures on utilisation of quotas for markets to which these exports are restrained. In the European Economic Community, Hongkong's second biggestAFP - 242 words
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Article, Illustration1202 1977-12-02 11 SOH TIANG KENG - NEW DIMENSION IN PROGRESS BY SOH TIANG KENG STARTING from mere assembly plants, some multinational firms In Singapore have now set lofty targets by venturing Into research and development. This transition from simple factory operations Into sophisticated manufacturing has taken place In1,202 words
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Article188 1977-12-02 11 Reuter HONGKONG, Thurs. Hongkong's narrowly defined money supply M-l rose 1.2 per cent In October to HK517.19 billion (SJB.S billion) after a 1.7 per cent gain In September, Banking Commission figures show. The more broadly defined M-2 rose 1.7 per cent to $55.38 billion after a 1.3Reuter - 188 words
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573 1977-12-02 11 AP LONDON, Thurs. Hongkong governor Sir Murray MacLehose said yesterday that the British Colony's relations with China and with Britain Itself have never been better In 30 years. He said the new Peking leadership helped Hongkong with emergency water and food supplies duringAP - 573 words
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Article102 1977-12-02 11 SYDNEY, Thurs. Shoplifters in Australia's most populous state, New South Wales, were today reported to be stealing more than As4o million (SSIOB million) worth of goods each year. The executive director of the state's Retail Traders Association, Mr. Roy Lawrence, said shoplifting was particularly acute among schoolchildren.102 words
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896 1977-12-02 11 KUALA LUMPUR, Thurs. Local builders seem to be ready and willing to take up the challenge of building several major highways costing about Mil billion, as announced by Works and Utilities Minister Datuk Ohanl Gllone last week. They are glad to be given896 words
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287 1977-12-02 11 AP SEOUL, Thurs. South Korea, hoping to stave off tariff barriers against its exports, announced easier entry for 126 items, effective Jan I. »tems. Including machines and parts textiles and some raw materials, were placed on the automatic import approval list. They wereAP - 287 words
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Article33 1977-12-02 11 PIONEER, the audio equipment manufacturer, has Introduced a new component car stereo system which It says gives the same high fidelity sound as might be expected from a home set.33 words
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Page 11 Advertisements
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Advertisement170 1977-12-02 11 Youthful Activities prime years Pollen-B is a unique food supplement made from natural beecoiiected pollen known to legend as the secret of lasting youth.' It contains 11 vital cell-generating enzymes, 14 important vitamins, 11 minerals and 19aminoacids. Just one tablet a day taken regularty and continuously, it can have a170 words
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869 1977-12-02 12 SINGAPORE may soon face competition from Manila in its offshore banking operations. In just one year the Philippine capital has attracted 14 offshore banking units. John Tan, recently in Manila, reports. THE PHILIPPINES has been very successful In attracting foreign banks to set up869 words
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Article655 1977-12-02 12 NYT PARIS, Thurs. Western Europe is following in the Carter Administration's footsteps and is considering setting minimum prices for Imported steel In an effort to reverse the declining fortunes of Its steel producers. The Common Market's Executive Commission, faced with the apparent failure of itsNYT - 655 words
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Article805 1977-12-02 12 LONDON, Thurs. Stock prices closed lower where changed, dealers said. Short-dated government stocks fell slightly but longer loans held steady. Leading Industrials fell after early small falls had been reversed. At 3 p.m., the Financial Times index was down 1.7 at 479.3. BP turned an earlier 4p gain805 words
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465 1977-12-02 12 UPI Reuter TOKYO, Thurs. Prime Minister Takeo Fukuda told Japanese business leaders today he hopes to settle Japan's stormy trade dispute with the United States by the end of this year. Mr. Fukuda made the statement In a meeting with officials ofUPI; Reuter - 465 words
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Article152 1977-12-02 12 Reuter TOKYO, Thurs. Japan's external reserves rose $2.57 billion (556.17 billion) In November to a record $22.15 billion, the Finance Ministry announced. The sharp Increase reflected heavy dollar support buying by the Bank of Japan, which banking sources now .estimate at about $2.4 billion duringReuter - 152 words
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Article135 1977-12-02 12 WITH THE Singapore Airlines/ British Airways Joint Concorde service between Singapore and London via Bahrain Just around the comer. SIA has launched a worldwide publicity campaign to carry the message across. The message Is that SIA has gone supersonic. Its advertising has begun in malor newspapers,135 words
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Article179 1977-12-02 12 IN an all-out effort to step up business with Southeast Asia, the London Chamber of Commerce is sending a trade mission to Singapore tomorrow. Mr. Eoln Mac Donald, the mission manager, said there has been greater interest In South-east Asia by British businessmen In the past179 words
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213 1977-12-02 12 Reuter MANILA, Thurs. Worldwide Shipping Oroup chairman Y.K. Pao said the steady inroads of Soviet and East European merchant vessels Into the traditional shipping markets were creating enormous difficulties for other shipping nations. He told the Third East Asian Committee of Lloyds Register ofReuter - 213 words
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714 1977-12-02 12 Reuter .NEW YORK, Thurs. Further depreciation of the dollar will contribute to inflation and will encourage oil producers to boost prices. Federal Reserve system open market account manager Alan Holmes, who is also executive vice president of New York Federal Reserve Bank, said depreciationReuter - 714 words
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548 1977-12-02 12 NEW YORK, Thurs. President Carter's top economic adviser said yesterday that the United States' economic prospects are good but cuts In both personal Income taxes and levies on business are needed. "The basic elements are present for a bright economic future." Charles Schultze, chairman548 words
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Page 12 Advertisements
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Advertisement77 1977-12-02 12 The English Dictionary makes an ideal spokesman for Marelli shoes luxurious/lag zhur-eas adj 1 ver>'comfortable 2 choice and costjy 3 self-indulgent: footwear etc. elegant /'eligant adj showing, having, good taste; done with care, skill and taste. classic/ kJaesik adj 1 of highest quality; having a value recognized and unquestioned 277 words
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