The Business Times, 6 December 1977
1977-12-06
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12
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The Business Times
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Title Section10 1977-12-06 1 Business times M.C.(P) 300/1/77 TUESDAY, DECEMBER 6, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article48 1977-12-06 1 AFP LONDON, Mon. Construction firm Bernard Sunley and Sons announced a £14 million (Ss6o million) order for a residential complex at Abu Dhabi. The order, placed by Abu Dhabi national petroleum company, brings to £180 million the firm's contracts In the Gulf region. AFPAFP - 48 words
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Article62 1977-12-06 1 KUALA LUMPUR, Mon. Preliminary studies on the urea-ammonia plant to be established by Malaysia as one of the five Asean projects have been completed, the Minister of Trade and Industry, Datuk Abu Samah told Parliament today. The report on the study, conducted by stateowned oil corporation Petronas62 words
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Article59 1977-12-06 1 LONDON, Mon. A Chinese trade team flew from London to Paris, leaving orders for the Harrier Jump Jet and Concorde planes still in the balance. "My visit will certainly lead to orders for British Industry and we will get Into concrete business later on," said the leader59 words
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Article42 1977-12-06 1 Reuter BONN, Mon. West German Economics Minister Otto Graf Lambsdorf said he exoected the Organisation of Oil Exporting Countries (Opec) to increase next year's prices between 5 and 7 per cent at their Caracas conference later this month. Reuter.Reuter - 42 words
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Article38 1977-12-06 1 Reuter SEOUL, Mon. South Korea had a record rice harvest of 6 million tonnes this year to mark one of the world's high&t levels of rice productivity, Agriculture and Fishery Minister Choi Kak-Kyu said. Reuter.Reuter - 38 words
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Article37 1977-12-06 1 AFP TOKYO, Mon. The Soviet Union's trade representative here Mr. Victor Spandarlan renewed Moscow's hope of concluding a long-term economic cooperation agreement with Japan as a basis for bilateral relations and peace In Asia.AFP - 37 words
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Article53 1977-12-06 1 AFP NICOSIA, Mon. Exports of Saudi Arabian oil In October were at their lowest since September 1976, the Middle East Economic Survey (Mees) said today. Shipments came to 7,974,000 barrels a day against 8,109,000 the previous month. Aramco exported 7,829,000 Arabian Oil 92,534 and Getty 52,628 barrelsAFP - 53 words
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Article68 1977-12-06 1 UPI NEW YORK, Mon. Stocks were slightly lower early today amid year-end selling and bargain hunting. Trading was moderately active. Analysts said many institutional traders were selling stock to establish losses for tax purposes. Against this background, the Dow Jones Industrial average was off 0.35 point to 823.63UPI - 68 words
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Chief Price Changes
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Article, Illustration170 1977-12-06 1 TRADING was quiet amid generally easier conditions on the Stock Exchange of Singapore yesterday. Profit-taking wiped out substantial gains chalked up by some shares the previous week. This resulted in a 0.19 point drop in the Business Times index to 479.41 while the Straits Times industrial index170 words
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Article109 1977-12-06 1 Rite* Most octive Tractors M.U. Ind Sel Dredge Esso Tronoh Petallng Tin Supreme Corp Tan Chong Malex 3.85 1.45 5.05 2.30 5.75 6.55 1.79 2.33 3.34 .47 +.11 .07 .06 .06 .06 .04 .04 .04 M. Weaving 372.000 Fed. Cables 274,000 Fusan 106,000 O. Lumber 94,000 Total109 words
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Article, Illustration967 1977-12-06 1 JOHN TAN - DOOMSAYERS PROVED WRONG By JOHN TAN THE pessimistic gospel that continuing recession and increasing protectionism are bound to take their toll of Singapore's exportoriented industries has been proved wrong after all. A lot of brickbats thrown after allegedly lethargic Singapore entrepreneurs may have been misdirected.967 words
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Article182 1977-12-06 1 Reuter JAKARTA, Mon. Heads of Asean Cooperatives began a three-day conference here to discuss the setting up of an Asean cooperatives organisation. Besides looking Into the possible structure of a regional cooperative body, the meeting is to debate problems facing the movement. In his opening speech,Reuter - 182 words
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813 1977-12-06 1 COLIN CHEE - »y COLIN CHEE PRIVATE housing developers were delighted when they learnt yesterdaythat the Governmentbacked Housing and Urban Development Company (HUDC) had bought over from the private sector more than 100 units of terrace houses in Paslr Rls housing estate for re-sale to Its long list813 words
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Article288 1977-12-06 1 MR. Goh Sin Tub, assistant general manager of Oversea-Chinese Banking Corporation (OCBC), is to join C.K.Tang from Jan 1 next year, to work on the company's new hotel project. Mr. Ooh headed the special control committee that supervised the construction of the OCBC Centre. A288 words
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258 1977-12-06 1 UPI GENEVA, Mon. The world's major pro* ducing and consuming nations began last* minute negotiations on preventing anarchy next year in the US$5O billion-a-year (SSI2O billion) trade in textiles. Negotiations aim at renewing or rewriting the 1974 international multi-fibres arrangement (MFA) whichUPI - 258 words
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491 1977-12-06 1 KUALA LUMPUR, Mon. The tragic Malaysian Airline System crash yesterday has reduced MAS' Boeing 737 fleet to eight and thrown some flight timetables Into disarray. All MAS flights to Senal airport in Johore Baru will be cancelled tomorrow, said a MAS spokesman491 words
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Article115 1977-12-06 1 SHIPOWNERS have sent small ships and tugs back here to be re-bullt by other yards because of shoddy work. Bome of the defects mentioned by customers are poor welding, poor furnishings, haphazard painting and the use of substandard steel. A spokesman for Intveld Shipyard in Jurong confirmed115 words
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Page 1 Advertisements
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Advertisement45 1977-12-06 1 Replace your woods with /inAjuJiefi BOMBSHELLS SEE BACK PAGE Oversea* News/ TV Radio Overseas New*/ Crosswords Local Co. News International Co News Local Stocks Overseas Stocks -P7 -P2 Commodities -P8 Transport A Commu--P3 nications -PS -P4 Features -PlO -P5 Local Overseas -P6 News -Pit, 1245 words
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Advertisement44 1977-12-06 1 ?OTera«He SIX-MEN SKID MOUNTED BUNK HOUSES NOW AVAILABLE EX-STOCK ALSO FULLY FURNISHED TWO BEDROOM UNIT INCLUDING BATHROOM, ETC. BEAUTIFULLY FINISHED. INTERFAB PRIVATE LTD m I f I 24 J:: r :.-j Port Rncu I i r, r 1 Sir.-} i* 22 T-i *****11 MfSMA44 words
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Advertisement106 1977-12-06 1 "_'*$=!']^\%@/%&.%$),.^_>."|&{( SOFT MUSIC AND DANCING AT FOUR SEASONS RESTAURANT AND 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 with106 words
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Advertisement20 1977-12-06 1 y-Bix COMPLETE COPYMG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORC'TW sse944 <S L««S) APS ELECTRONICS (M) SON BHD KUJIAIUMPUfI T#i 03-*****020 words
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OVERSEAS
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Article593 1977-12-06 2 CARTER GIVES BACKING Reuter WASHINGTON, Mon. The United States Is preparing to embark on an unparalleled effort to provide a Job for virtually every adult and teenager In the land. A "full employment" bill now pending and likely to be passed by Congress early nextReuter - 593 words
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Article131 1977-12-06 2 AP RIO DE JANEIRO, Mon. Brazil's coffee producers, faced with a buyer's market, have lowered their minimum export price from US$3.2O to $2.10 (554.95) per pound. Camillo Calazans de Magalhaes. president of the Brazilian Coffee Institute (IBC) said the price decision was an, "adjustment to theAP - 131 words
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Article384 1977-12-06 2 UPI LONDON, Mon. The strike by Britain's 35,000 firefighters entered Its fourth week yesterday and union leaders predicted it would last through the Christmas holidays, a peak fire period. The government showed no sign of backing down on Its 10 per cent antl-lnfla-tion payUPI - 384 words
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269 1977-12-06 2 AP WASHINGTON, Mon. < President Carter's energy plan faces Its stlffest test yet this week in votes scheduled by two deeplv divided congressional conference committees. "The moment of truth is finally here," said Senator Bennett Johnston, a member of the conference panelAP - 269 words
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215 1977-12-06 2 UPI WASHINGTON, Mon. United Mine Workers president Arnold Miller rejoined government-super-vised bargaining sessions with coal operators yesterday, while a nationwide strike deadline set for midnight today neared for 130.000 coal miners. Mr. Miller was absent from two previous sessions. A union spokesman predicted thatUPI - 215 words
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Article102 1977-12-06 2 AFP LUSAKA. Mon. ImErters of foreign goods to mbla have been warned that the government will refuse licences to businessmen Importing from expensive sources. Commerce and Foreign Trade Minister James Mapoma said yesterday that all local businessmen should now start thinking of getting supplies fromAFP - 102 words
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854 1977-12-06 2 AP MIRONOVKA (Soviet Union) Mon. Soviet scientists claim they have created new strains of high yield winter wheat with a Process first developed by toflm Lysenko, once the virtual czar of Soviet biology until he was denounced as a fraud. By treating sprouts ofAP - 854 words
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701 1977-12-06 2 NYT WASHINGTON, Mon. Negotiations for the sale of Mr. Bert Lance's 200,767 shares in the National Bank of Georgia hinge on whether he will be allowed to take an active part In Its management, sources familiar with the transaction said. The potentialNYT - 701 words
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217 1977-12-06 2 AP WASHINGTON, Mon. Fierce competition by European and Australian suppliers has bitten deeply Into the United States' share of the lucrative Saudi Arabian farm market. Mr. John Parker Jr. of the Agriculture Department's economic research service said that US farm exportsAP - 217 words
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335 1977-12-06 2 Reagan still owes half a million UPI WASHINGTON, Mon. It has been well over a year now since Ronald Reagan ended his 1976 presidentialbid and the government still has not asked him to return more than a half million dollars in taxpayers' surplus federal campaign Former President Gerald Ford alsoUPI - 335 words
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232 1977-12-06 3 AP DETROIT, Mon. Design flaws could lead to chronic engine stalling In more than 1.3 million cars built by Chrysler Corp. The defects are peculiar to the 1975, 1976 and some 1977 models with 318-cublc-Inch V 8 engines or 225-cubic-lnch six-cylinder engines.AP - 232 words
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228 1977-12-06 3 AP WASHINGTON, Mon. Azie Taylor Morton's name may not be a household word but she should be able to identify herself easily when travelling her signature appears an new dollar bills. Mrs. Morton, succeeding Franclne Neff, was the first black US Treasurer. She says,AP - 228 words
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536 1977-12-06 3 NYT NEW YORK, Mon. —.The nation's beleaguered steel industry Is finding some relief, with most of the major producers reporting that there has been a significant upturn In their orders In the last month on a broad range of products. Executives from some ofNYT - 536 words
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470 1977-12-06 3 Reuter NEW YORK, Mon. A pick-up in US economic growth, and recent and anticipated Increases In price Indices have combined to depress prices In the government securities market during the past week. Market analysts expect this trend could continue over the near-term. Alan LernerReuter - 470 words
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358 1977-12-06 3 NYT NEW YORK, Mon. Home mortgage interest rates in the US are expected to edge higher by spring, and many economists believe the days when homebuyers could expect levels substantially below 9 per cent may not return in the foreseeable future. The immediate riseNYT - 358 words
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Article172 1977-12-06 3 Reuter BRUSSELS, Mon. Belgian commercial banks will raise their base rate for secured lending to 7.75 per cent from 6.75 per cent today. The Belgian Banking Association said today it decided to raise the spreads within which commercial banks can set their base rates toReuter - 172 words
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Article59 1977-12-06 3 Reuter SANTIAGO, Mon. The Chilean government has devalued Its currency by 4.3 per cent to the dollar, fixing a new rate of 27.39 pesos per dollar compared with 26.23 pesos previously. It would also gradually adjust the peso-dollar rate over a two-month period up to Feb 5Reuter - 59 words
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1101 1977-12-06 3 AP WASHINGTON. Mon. The Carter administration is assembling a package that Includes tax cuts of up to US$3OO *****) for Individuals and a crackdown on deductions for business meals and club membership dues. Although President Carter h*s dropped several of the more controversial taxAP - 1,101 words
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Page 2 Advertisements
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Advertisement56 1977-12-06 2 HIGHLIGHTS OF OUR NOVEMBER ISSUE PROPERTY The Condominiums will be ready soon and the w inner 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 What is influencing metal prices? C offee: Bluff and56 words
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Page 2 Miscellaneous
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Miscellaneous330 1977-12-06 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Dec 5 at Singapore airport. Maximum Temperature 26.7° C Associated Humidity 86 Minimum Temperature 22.9° C Associated Humidity 98 Hours of Sunshine Nil Rainfall in Millimetres 1.4 Total Rainfall for the Month 21.7 Total Rainy Days for the330 words
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Page 3 Advertisements
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Advertisement221 1977-12-06 3 w We're here to stay... We are serious about the heavy equipment business in the Far East. We know how important it is for the decision makers to deal with a stable organisation that offers sales and back up service when it is needed. We are serious enough to invest221 words
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Page 3 Miscellaneous
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Miscellaneous597 1977-12-06 3 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Equal In a game (5) a Pait of one's person shot off? 9 By which process the convict was shortly unlocked! (7) 10 Tired, maybe, but did one's best (5) 11 Do fully as before (S) 12 Boot fasteners (3) 13 Farm bird597 words
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COMPANY NEWS
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Article, Illustration1050 1977-12-06 4 SINGAPORE Land foresees an end to Its declining profit trend as from the purrent year. Indicating this In the just released 1976/77 annual report, the chairman, Mr. S.P. Tao, says earnings from 1978 onwards from Its commercial properties should suffice to compensate for the1,050 words
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220 1977-12-06 4 KILLINGHALL Tin, a UK company, which holds mining leases from Killinghall Rubber, has announced a substantial increase in earnings and dividends for the year ended Sept 30,1977. After-tax profit jumped 114 per cent from M 51.23 million to $2.63 million. This was220 words
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Article105 1977-12-06 4 SOUTH East Asia Lumber: Group pre-tax profit MS3.30 million (146.844) for the year ended June 30, 1977. Tax $159,764 ($64,482 surplus), extraordinary losses 149,864 (142,234), minority interests 1844,435 (1112,204) leaving net attributable profit at $2.25 million (losses $39,112). Veneer Products: Group pretax profit $715,000 ($965,000) for the six105 words
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Article721 1977-12-06 4 MALAYSIAN Wood Wool Products has put the blame for Its poor financial health squarely on the shoulders of Its former chairman, Mr Amos Dawe. This Is the gist of Its belated reply given to the Kuala Lumpur Stock Exchange when asked to comment721 words
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Article276 1977-12-06 4 Current payment Ex Date Date payable Total for the year Total for previous year PMRI 10% Nov 18 Dec 7 10% 20% Aokam Tin 35%I Nov 25 Dec 7 45% 25% Austral Enterprise* Talam Mine* Rah Hyd PMC Riverview Taaek Cement Mineral Securities Toshiba UIC B.M. Truat Sovran276 words
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COMPANY MEETINGS
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Article32 1977-12-06 4 THE following company meetings are due: I: Dec 15 at its registered office, 4th floor, Wong Shee Fun Building, Jalan Ah Fook, Johore Bahru, Johore, Malaysia at 11 a.m.32 words
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Article17 1977-12-06 4 Dec 17 at 19th floor, Clifford Centre, Raffles Place, Singapore 1 at 12 noon.17 words
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23 1977-12-06 4 Dec 23 at Its registered office, Jalan 13/4 (Jalan Bersatu) Petal lng Jaya, Malaysia at 12 noon.23 words
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13 1977-12-06 4 Dec 17 at 21 and 23, Jalan Hussein, Ipoh.13 words
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Article16 1977-12-06 4 Dec 28 at noon at 72A Jalan Tampol, Johore Baru, Malaysia. u~L T:_16 words
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Article20 1977-12-06 4 Jan 12, 1978 at its re- gistered office, 25 Beach Street, Penang, Malaysia at 12.30 p.m.20 words
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Article76 1977-12-06 4 The Confederation of British Industry correspondent, Mr. Leonard Rayner, Is to relinquish his appointment as area representative of the British Executive Service (BESO) at the end of December 1977. BESO Is arranging to have separate representatives in Singapore and Malaysia to carry on Mr. Rayner's work. Mr.76 words
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Article41 1977-12-06 4 INTRACO says Its recent 25 per cent stake taken in Polsin was satisfied by cash. This Information was rven in reply to the Stock xchange of Singapore query of how the 75,000 Polsin shares were paid for.41 words
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Article, Illustration1733 1977-12-06 4 JOHN WYLES - By JOHN WYLES FT WALL STREET thrives on rumour and this year those rumours more than usual have been about the Impact of a changing world upon the tribe of investment banks and brokerage houses. As Investors and circumstances called for a broadening of capital basesFT - 1,733 words
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Page 4 Advertisements
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Advertisement105 1977-12-06 4 r/ > I wi.v V I L\ Kenneth Lo t' Kenneth Lo, the wall-known Chlnm cookery writer, introduce* the reader to Ihe technique* of n jinlj I jbj| L&|jk |I|A|> nintii cooKing, ino qivm iti imo uitir unique way of eating. Beginning with aknpla onedish main foureae. he prooroooee through105 words
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INTERNATIONAL COMPANY NEWS
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262 1977-12-06 5 EUROPEAN COMPANIES BONN: Degussa, the Frankfurt based chemicals and metals concern, appears to have come relatively well out of a year which has hit most West German chemical companies hard indeed. Despite low growth and reduced earnings in the second half, the company reports262 words
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Article47 1977-12-06 5 Reuter THE 100 million mark Eurobond for Petroleos Mexlcanos will be for eight years with a 7 per cent coupon, bond market sources said. Invitations will go out this week and final conditions will be set on Dec 19. Lead manager is Deutsche Bank. Reuter.Reuter - 47 words
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286 1977-12-06 5 ROME: Increasing disagreement with Montedison chairman Giuseppe Medici are said to be behind the surprise resignation of the troubled chemical group's senior vice chairman, Alberto Grandi. Grandi, who had been in charge of the overall general management of the group during the286 words
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Article165 1977-12-06 5 AFTER reporting a buoyant first half-year, Rothmans International has said that results for the current half ending March 31, 1978 are likely to be affected by the recent strength of sterling and higher tobacco tax in some European markets. For the first haii-year ended Sept 30. 1977165 words
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Article136 1977-12-06 5 Reuter BASS Charrington reported a pre-tax profit of $90.4 million (£68.6 million) for the year ended Sept 30, 1977 on sales of £904.5 million (£801.7 million) Earnings per share were 16.4p (10.7p). It declared a final dividend of 13.*****3p (2.*****8p) which makes a total of 4.*****6 net (4.*****0).Reuter - 136 words
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Article110 1977-12-06 5 ON A sales Increase of 5.1 per cent. Johnson, Mat they and Co, made a pre-tax profit of 10.02 million for the six months ended Sept 30. 1977. This is about 10 per cent higher than the previous hatf-year's profit of £9.14 million. Sales excluding Johnson Matthey110 words
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Article43 1977-12-06 5 THE European Coal and Steel Community expects to float an 80 million franc 15 year loan on the Swiss market later this month. Banking sources said the loan would be managed by Credit Suisse, where officials were not immediately available for comment.43 words
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280 1977-12-06 5 SAO PAULO: Karlos Rlschbieter, president of the Banco do Brasil, has confirmed that his bank will shortly be Issuing shares abroad, possibly in New York. Other state-owned bodies, such as Petrobras, the oil company, and Cia. Vale do Rio Doce, the mining complex,280 words
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Article32 1977-12-06 5 UNAUDITED group net profit at Ocean Land Development rose to HKSS.O9 million in the first six months ended Sept 30, 1977 compared with $4.82 million in the previous corresponding period.32 words
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852 1977-12-06 5 ASIAN COMPANIES NYT YO6HITOKI Chlno, deputy president at Dalwa Securities. one of the Japanese big four brokers, has a lovely 17th century gold screen In his Tokyo office inherited from his Samurai ancestors. But the same man decreed that all Japanese worksNYT - 852 words
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Article246 1977-12-06 5 FT ON THE strength of the higher yen exchange rate and recent increases in electricity rates. Japan's nine regional power companies have reported sharp gains in current and net profits, over the year earlier figures, for the half-year to September. The gains were made although sluggish IndustrialFT - 246 words
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Article122 1977-12-06 5 Reuter NISSAN Motor Co said its profit before tax and special items in the second half year ending March 31 will probably fall to 64 billion yen from an original target of 74 billion as a result of the yen's appreciation. The group is expectedReuter - 122 words
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Article30 1977-12-06 5 LAP Heng has announced a maintained interim dividend of 20 HK cents for the year ending March 31, 1978. Books will close from Dec 20 to Jan 3.30 words
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Page 5 Advertisements
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Advertisement78 1977-12-06 5 *y.' ">■"•* a ■iyyiiy|&B| *&>• 44r« fiftf v v ►*rr.*' i ~rrn» imfF'*"" V T v > If i «V 2*3 ■r^ral •V-'.t •a V'" jTs. "i' 1 _viJb4nv; n u' w *>'■ •>• %-t-.-> ;v.t **r '<rf/:;» rf- •'^•"*^fr mm 4*srv »<fj® *a ft r ?x** XLC i H78 words
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Article2333 1977-12-06 6 1*77 High Low Cooipaajr Last Sale +orGr'« Gr'» Net div Div y'ld P/E c'rr Vol Day C000) High Lot) SECTION ONE INDUSTRIALS 154 204 118 246 88* 205 180 250 422 148 134 185 58 212 57' 155 152 182 350 01 Acma Alcom Allied Choc Bate2,333 words
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Article1427 1977-12-06 6 BlDaadeffsr prioM officially Itotod and business to and r»»wlW to the Stock Exchange of Singapore yesterday wit* Um ink at shares traded shown la brackets to toU of 1,000 units unleee otherwise •pacified. AU Time Settlement Coo tract* are quoted after tke word "Bett." Big Board deal*1,427 words
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Article75 1977-12-06 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. C and C (Dec $1.90) (0.608 0.645) (1) 0.62. (March $1.90) (0.688 0.725) (March $2.30)75 words
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Article146 1977-12-06 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' pno The Commerce far Dec 1.77 1.88 Hurreat pi INCOME BOND nee*) 1.09 1.19 The Saving Fund 1.06 1.12 MARA BUMIPUTRA FUND S pore Prog Fund 0.84 0 89 (manager* price First Bumiputra far Dm C> S 'pore Security 2.24 2.29146 words
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Article129 1977-12-06 6 DBS Converts 6 1/2* 1991 (100.000) (*****5) D B S 8 1/2% 1982 (100.000) (99*.8 100 3 «S) w.vuuj Fo2' B .S?'*< 2 UOO,000)(102*B 00M0> f&S 'm&T «<»■«»» ('.Si"iois>"" 00 000> S&ilsT ,m (100 000, Korea D B 9 1/2% 1981 (100,000) (99'*B 100 l *S) Keppel 9% 1983129 words
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Article1372 1977-12-06 6 L. otttr price offlcuiJy luted and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets i* lots of 1,000 units unless otherwise specified. Industrial* Ailosmsts (2 168 2 208) Alsem (1.688 1 718). A. ChM (1.07B)1,372 words
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Page 6 Advertisements
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Advertisement666 1977-12-06 6 r sinQapura FORUM jsl HOTEL >IWlllM» MMafe 585 Orchard Road, S'pore 9. Tel: *****2 405/407 Havelock Road, S'pore 3. Tel: *****1 MW Jfc ORChid inn 214 Dunearn Road, S'pore 11. Tel: *****2 Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile666 words
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Article, Illustration505 1977-12-06 7 PRICES ended generally mixed in a slower tempo of trading at the Stock Exchange at Singapore yesterday. An air of uncertainty crept in and moet price* moved erratically throughout the better part of the day. Among the 10 moet active counters of the day, there were both moderate505 words
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Article454 1977-12-06 7 THE Kuala Lumpur stock market closed on a mixed to slightly easier note In selective trading yesterday. Interest was generally confined to industrials, and in particular to the handful of speculative second and third liners which saw narrow price movements In contrast to the generous price increases454 words
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1020 1977-12-06 7 NYT NEW YORK: There are times when the stock market is so Irrational that even hindsight doesn't help very much. Take, for example, 30 stocks that Merrill Lynch, Pierce, Fenner Smith zeroed In on recently In Its market letter. All 30 of theNYT - 1,020 words
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Article649 1977-12-06 7 NYT NEW YORK: The venture capitalist has suffered a long drought In his efforts to raise money for new enterprises, with today's depressed stock prices providing almost Insurmountable competition for Investor funds. The following example of a typical approach by a venture capitalist to anNYT - 649 words
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INTERNATIONAL STOCK MARKETS
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Article172 1977-12-06 7 MANILA: The market closed firmer yesterday with all sectors advancing, dealers said Turnover rose slightly to 2.40 million pesos from Friday's 2 24 million. Philex and Atlas rose four, and one point respectively while other mining Issues gained slightly. Trans-Asia and Phil Overseas rose three and two points respectively172 words
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Article14 1977-12-06 7 BANGKOK: The stock market was closed yesterday as It was a public holiday.14 words
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Article351 1977-12-06 7 HONGKONG: The market closed mixed with a firmer undertone In moderate trading yesterday, dealers said. The Hang Seng Index fell 0.59 point to 421.13. Local Investors although remaining cautious appeared encouraged by removal of some uncertainty surrounding the textile talks between Hongkong and the EEC. Interest centred on blue351 words
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Article476 1977-12-06 7 TOKYO: Share prices closed sharply lower led by export orientated issues yesterday, dealers said. ifThe Dow Jones average fell 52.34 to close at 4,904.40 with volume of 220 million shares. The New Index closed at 365.95, down 2.82. Vehicles, elegtrlcals and precision Instruments lost ground on reports that the476 words
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Article390 1977-12-06 7 SYDNEY: The market closed firmer yesterday on hopes the government will win next Saturday's federal election, dealers said. The Sydney All-ordinaries Index rose 4.47 points to 445.02. BHP rose 20 cents to A 55.54, Pancontinental gained 90 to $8.40 while Peko advanced 15 to $4.90. CSR rose seven to390 words
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932 1977-12-06 7 FT TWO deadlocked and bitter corporate battles may be resolved within the next few weeks if the companies Involved succeed In gaining governmental approval for a series of re-organisations of shareholdings. The two situations which may now be In the process ofFT - 932 words
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Article60 1977-12-06 7 TOKYO: Toyo Menka Kalsha (Tomen) of Japan announced It has signed a general agent contract with Sener Ingenleria Y Slstemas S.A. of Spain to Introduce the Spanish firm's advanced liquefied natural gas (LNO) carrier producing technology to Japan. Tomen officials said the Spanish technology would enable them60 words
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Page 7 Advertisements
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Advertisement385 1977-12-06 7 T- '■I iS 8S Wm. 1 Y< i 5Si HOTEL PHOENIX SINGAPORE Orchard/Somerset Roads. Singapore 9 Tel: *****6. HOTEL PREMIER 22 Nassim Hill. Singapore 10 Tel: *****11. PENINSULA HOTEL Coleman Street, Singapore 6 Tel: *****1. QUEEN S HOTEL 24 Mount Elizabeth, off Orchard Road. Singapore 9. Tel: *****8 RAFFLES HOTEL385 words
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COMMODITIES REPORTS AND PRICES
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Article306 1977-12-06 8 THE SINGAPORE rubber market yesterday opened unchanged but later eased marginally on lack of buying Interest and some stale bull liquidation, dealers said. Some covering Interest for December was evident at the lows which narrowed discount by half a cent. Turnover was small. The morning306 words
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Article30 1977-12-06 8 Rubber: Dec 5 Singapore: December 202.00 cents (down 1.75 cents) Malaysia: December 201.50 cents (down 2 cents) Tins: $1,781 (up $21) Official offering: 190 tonnes (down 6 tonnes)30 words
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Article326 1977-12-06 8 Price* In cents per kilo yesterday: Noon (per kilo) Close (per kilo) Buyers Int. 1 R.S.S. prompt f.o.b. 202 50 Int. 1 R.S.S. Dec 1977 203 00 Int 1 R.S.S. Jan 1978 204.00 Int. 2 R.S.S. ***** UK/Cont. 200 00 Int. 3R.S S. 197 50 UK/Cont 196 50326 words
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Article106 1977-12-06 8 NOON S8R and SMR prices yesterday: Decen iber J •auary HAS (Current Mth) (For ward Mth) Buyer* Seller* Buyer Seller* (cenU per k() (cen it* perkf) SSR20 (1—ton pallet) 106.50 198 SON 197.50 199.50N 98RS0 (1—ton pallet) 194.50 196.50N 195.50 197.50N MRELB SMR5CV (1—ton pallet) 212.50 214106 words
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Article353 1977-12-06 8 HONGKONG, Mon. Total turnover for sugar futures rose to 23 lots from Friday's 14. March rose 0.03 US cent, while other months rose 0.04 to 0.08 cent. Sugar futures closing prices: Previous Closing Closing Mch 9.35/36 9 30/33 May 9.83/85 9.75/77 Jly 10.01/06 9.99/10 02 Sep 10.24/26 10353 words
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Article93 1977-12-06 8 HONGKONG, Mon. The market was steady with prices up to 1.50 cents higher, dealers said. (Price In HK dollars per plcul ex-Oo-down) Thai White: 100 pet old crop Ist class 108 00 nom. 2nd 107 00 sir. 3rd 105 50 sir. Spl 3 pet old crop 104 50 sir,93 words
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Article323 1977-12-06 8 THE ABSENCE of renewed buying Interest from overseas made for a quiet trading day on the Singapore produce market yesterday. Prices of all commodities were at best steady. Apart from the usual small lot orders received from West Asian countries, sales were not significant enough to inject life323 words
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Article222 1977-12-06 8 LONDON, Mon. The cocoa opening call was very quiet, with 37 lots traded and only minor price changes from Friday. Dealers said the market Is still cautious on the question of nearby physicals availability. Little, If any cocoa, is coming through from Ghana. But cocoa from other West African222 words
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Article122 1977-12-06 8 LONDON, Mon. Coffee futures opened £12 lower to 18 higher compared with Friday's close. Turnover was 140 lots and the official tone "slightly steadier". Local dealer and commission house buying, together with some scattered jobbing activity, made for a steadier end session after initial losses of up to £20.122 words
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Article92 1977-12-06 8 LONDON, Mon. Terminal sugar opened £1 to £0.20 per tonne higher than Friday's afternoon closing levels. Sales totalled 671 lots. Prices initially gained up to £1.50 on trade buying, but there was no followthrough Interest and the market quietened and drifted back, possibly due to steadier sterling, dealers said.92 words
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Article94 1977-12-06 8 LONDON, Mon. Copper wire bars finished the morning with gains of £4.50 for cash and £6 for Three Months. Dealers said the pre-mar-ket was restralnted Initially by steadier sterling, but some fresh buying Interest soon developed following the news that Zambia had urged a 15 per cent copper production94 words
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Article161 1977-12-06 8 THE STRAITS tin price In Penang yesterday rose MS2I to $1,781 per plcul on an official offering down 6 tonnes to 190 tonnes. Last week's London Metal Exchange conditions and continued buying demand from Japanese and US dealers aided the price rise, dealers said. Low supplies of tin161 words
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1268 1977-12-06 8 AFP LONDON: Copper and lead were firm exception* on the commodity markets last week, where trading generally was quiet and prices steady. Forward tin touched a new record before retreating, while at the other extreme cocoa made a modest rally after touchingAFP - 1,268 words
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Article162 1977-12-06 8 THE KILOBAR In Singapore opened at 5512,096, and closed at 5512,082 with narrow fluctuation. In London, the metal opened at US$l5B.OO/30 and closed at US$ 158.05/35. The London morning fix was U*****.60, down $0.15 on the previous fix. Source: Singmaa Retail prices per tael quoted by the Singapore Chinese162 words
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Article44 1977-12-06 8 LONDON. Mon. Zinc showed no basic change from previous closing ring levels. The market remained subdued In the absence of fresh physical demand, but held around Friday's closing levels In sympathy with other base metals. Sales of 1,000 tonnes were about half carries.44 words
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Article35 1977-12-06 8 LONDON, Mon. Silver showed gains of mostly 0.3 pence. Steadiness In gold prompted a little covering but the market remained generally quiet with only 30 Tots changing hands. Three Months closed at 262.9 pence.35 words
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Article62 1977-12-06 8 LONDON, Mon. Lead finished the ring with gains of mostly £3.2. The market worked higher during the morning on some trade buying and fresh speculative Interest which lifted Three Months to £372. The movement developed despite a 1,600 tonnes rise in stocks and, according to some quarters, reflected reports62 words
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194 1977-12-06 8 Reuter ABIDJAN, Mon. The Ivory Coast Commodity Stabilisation Board forecasts a large Increase In production of palm oil and copra for 1977-78. The office says palm oil production should be up to 178.000 tonnes from 120,000 last year and copra up to 23,500 tonnesReuter - 194 words
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Article61 1977-12-06 8 LONDON, Mon. World natural rubber production rose to 2 02 million tonnes in the first seven months of 1977 from 1.97 million In the same period last year and compared with 3.54 million for the whole of 1976, International Rubber Study Oroup figures show. Synthetic rubber production61 words
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MONEY AND EXCHANGES
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Article430 1977-12-06 8 THE FOREIGN exchange market was quiet but steady yesterday, with most of the activity concentrated In the afternoon after London's entry. Sterling opened against the US dollar at U551.8220/30, and rose slightly to 1.8315/20 when the London market opened. It opened against the yen at 242.40/50 and remained430 words
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Article26 1977-12-06 8 [1 r Firct Chicago Citibank 7 H8BC 7 Malayan Banking 7 Mitaui Bank 7 OCBC OUB 7 UCB 7 L'MBC 7 COB 726 words
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Article171 1977-12-06 8 Asian rates ASIAN currency deposit interbank rates as at close on Dec 5. US Dolla Offer 7 days 6 11/16 6 8/16 1 mth 6 15/18 6 13/16 2 mths 7 6 7/8 3 mths .7 1/8 7 0 mths .7 3/8 7 1/4 6 mths .7 7/1# 7 5/16171 words
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Article47 1977-12-06 8 RANGE of price* offered by discount houses on Dec S: Overnight to 3** Call deposit 3* to 3%% Cloataf Buyin* Selling 3-Month Treasury bills 31/4 31/8 3-month Bank bills 4 7/8 43/4 3-Month CD 55/8 31/2 •-Month CD 5 15/18 513/16 Source: National Discount Co. Ltd.47 words
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Article137 1977-12-06 8 Euro rates LONDON, Mon. Trading In Eurodollar deposits was light at the outset and prices firmed slightly where changed, dealers said. Period deposits rose 1/16 on the bid side, reflecting occasional buying interest. The One-Month was quoted 3/8 lower because of the loss of a Friday end, while the Four-Month137 words
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Article47 1977-12-06 8 FRANKFURT exchanges opening quotes on Dec 5: us 2 soso/ao Can 1 9770/9810 Stf 4 018/026 DPI M 31/41 8 FT 103 22/32 Ut 2 498/506 F Ft 45 31/41 N Kr 41.04/14 B Ft (con) 6 345/355 B Fr (fin) 6 33/34 Yen 0 9065/8047 words
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Article259 1977-12-06 8 LONDON, Mon. The dollar came under renewed selling pressure against leading currencies In opening trading, especially the Swiss franc and the mark, dealers said. Trading was fairly active and both the Swiss National Bank and the Bundesbank are now believed to be intervening in support of the dollar, the259 words
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Article144 1977-12-06 8 TOKYO, Mon. The dollar for overnight delivery closed at 242.65 yen, up from a 242.60 opening and 242.30 at Friday's close, dealers said. Trading was light with volume of US$224 million. No central bank intervention was detected, they said. The US unit fluctuated narrowly with traders waiting for tomorrow's144 words
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Article107 1977-12-06 8 HONGKONG, Mon. The US dollar closed marginally higher compared with New York's closing levels on Friday in slow trading, dealers said. The dollar traded at 2.1380/400 Swiss Francs against 2.1375/85 In New York, at 2.2055/65 marks against 2.2030/40 and at 242.55/65 yen compared with 242.35/45. Sterling eased to $1.8215/25107 words
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Article54 1977-12-06 8 AUSTRALIA/NZ exchanges opening quotes on Dec 5: AUSTRALIA US dollar 1.1319/1.1271 Sterling 6227/ 6160 Ninety-day airmail buying rates: Sterling 6395 US dollar 6194 Ninety-day forward buying rates Sterling 1 1603 US dollar 1 1249 NEW ZEALAND Sterling 5501/ 5471 U8 dollar 1 0038/ 9938 Ninety-day forward rates: Sterling 582554 words
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Article449 1977-12-06 8 LONDON, Mon. Straight Eurobonds traded quiet and little changed, dealers said. Dollar Issues were easier, reflecting dollar weakness against European currencies and sterling bonds were softer. The finance for industry £20 million 9.75 per cent bond due 1981 was traded around 96-1/2, 97 after being around 97-1/4, 97-3/4 on449 words
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Page 8 Advertisements
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Advertisement304 1977-12-06 8 from Penguin ii IN PENGUINS Yukio Mishima firmly upheld the traditions of Japan's imperial past, whiqh he believed were being slowly eroded by Western materialism. Disillusioned he astonished the world* in 1970 by committing hara-kiri or ritual suicide by disembowelment. One of his last works, Runaway Horses, is now published304 words
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TRANSPORT AND COMMUNICATIONS
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Article1115 1977-12-06 9 US AIR CARGO INDUSTRY NYT NEW YORK, Mon. In thfe face of deregulation legislation to take effect in early January, the airlines are braced for some intense competition for air freight that could end in a shakeout within the air cargo industry. The suddenNYT - 1,115 words
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Article94 1977-12-06 9 Reuter BRUSSELS, Mon. EEC industry commissioner Etienne Davignon called for EEC merchant fleets to play a bigger role in international seaborne trade. Outlining plans for modernising the Community's shipbuilding industry, he said the EEC needed an efficient, specialised industry to provide the fleets ofReuter - 94 words
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Article73 1977-12-06 9 Reuter HONGKONG. Mon. Rooftops on the densely populated run-in to Hongkong airport have been dotted with strobe lights to guide pilots down to the runway. The 12 strobe lights, which flash twice a second in sequence, help pilots in poor visibility alone the curved' approach pathReuter - 73 words
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458 1977-12-06 9 AP MADRID, Mon. The Soviet Union has asked Spain for major port facilities at Algeclras near the NatO naval base on British Gibraltar, Spanish Government officials have reported. "A decision is not expected soon," a high official said yesterday in confirming the request. But otherAP - 458 words
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Article, Illustration330 1977-12-06 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Clifford Maersk (after Centaur Ragna Bakke Class I on board) 3/4 Emily Star (3EGQ Car carrier) (2300 after Oriental Lady) 45 Kalgo (3EAA) (0800 after Oriental Lady) 44 King Tower (0600 23 Manoloeverett (2100) 38/39 Musing (HOXN) (2300) 13/14 On Shun (3ENT) (after330 words
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326 1977-12-06 9 AP LONG BEACH, Mon. The Queen Mary, Long Beach's floating white elephant, is not earning Its keep as a tourist attraction, and local residents don't want to pay the once-proud ocean liner's bills. "Sink It," wrote one resident to a local newspaper. AnotherAP - 326 words
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Article111 1977-12-06 9 WAREHOUSING and Transportation Pte Ltd has finalised plans to build a new container depot at Qui Circus in Jurons. The new depot, scheduled for completion In mld-1978, will be on a 9,814 sq metre site on a 25-year lease from Jurong Town Corporation. The new site111 words
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192 1977-12-06 9 UNITED Arab Shipping Co (UASC), the largest fine servicing the Arabian Gulf area will increase the frequency of Its services and by mid-1978 will have a fleet of 58 modern dry-cargo multipurpose vessels. The line now has 43 vessels and. with four monthly192 words
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Article158 1977-12-06 9 AP LONDON, Mon. North American chartering remained slow but the rate tone for medium-size bulkers continued to be fairly steady on the London freight market last Friday. Marubeni repeated $10.50 (FIO) when working 31.000tons of US gulf grain to Japan aboard a NYK vessel loading in January.AP - 158 words
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Article206 1977-12-06 9 KAWASAKI Kisen Kaisha (KKK) of Tokyo are the owners and managers of "K" Line. "K" Line is a member of the Ace Group which comprises Neptune Orient Lines, Orient Overseas Container Line, Franco Belgian Services and Korea Shipping Corporation. The Ace Group vessels serve both Far East and206 words
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Article708 1977-12-06 9 ARRIVALS Service Local Operator Number Time From CAL CI331 0040 TPE/HKG/KUL CPA CX003 0145 HKG TMA TL303B 0215 BEY/DXB/ BOM/KUL MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL 4 MAS MH621 0850 PEN MAS MH607 0900 KUL MAS MH671 0945 PEN/KUL CAL CI806708 words
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Page 9 Advertisements
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Advertisement333 1977-12-06 9 Sow boat from tsjli i "^IfiADF Br w. •ass® CHINA TRADE QUARTERLY Far East Publications gy 1913, Hang lung Centra, Patarson Streat. Causeway Bay, Hong Kong. I —l Please enter my full subscription to China Trade Quarterly. I am enclosing a cheque/money order for US$2OO.OO or equivalent in other currencies.333 words
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Article, Illustration2057 1977-12-06 10 THE OECD SECRETARIAT, WORRIED ABOUT FULFILLING ITS 4 PER CENT GROWTH RATE FORECAST HAS URGED REFLATION ON SOME OF ITS MEMBER '"5- COUNTRIES, ANTHONY HOPKINS REPORTS ON THE PAINFUL AWAKENING OF THE OECD COUNTRIES TO THEIR ECONOMIC WOES. FT THE industrialised countries whichFT - 2,057 words
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Article, Illustration963 1977-12-06 10 LEN STONE - After searching for it for many years, Israel has finally struck oil in substantial quantities. The supreme irony of the find is that it happened just as President Sadat arrived in Jerusalem to talk about peace with Israel and the field lies in Egyptian territory occupiedFT - 963 words
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620 1977-12-06 10 NYT WASHINGTON: There are a couple of things that connect the fabled stories of Col. Edward H. R. Green, the colourful klngflsh of Terrell, Texas, and Howard R. Hughes Jr., the eccentric tycoon who hid In hotels. Green and Hughes each diedNYT - 620 words
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Article, Illustration834 1977-12-06 10 NYT PARIS: While the United States Is moving to extend the mandatory retirement age to 70. Western Europe is dealing with the opposite problem. Earlier this year, the French Government passed legislation permitting employees to retire at 60 years of age. In Italy, whereNYT - 834 words
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Page 10 Advertisements
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Advertisement54 1977-12-06 10 NOW ON SALE at your regular bookshop. The phenomenal bestseller which has taKen America by storm the story of a black American s search for his roots in Africa. ROOTS has sold over 1 1 < million hardback copies since its publication and it is continuing to top the bestseller54 words
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Article689 1977-12-06 11 TEXTILE DRAFT TERMS AFP Reuter HONGKONG. Mon. Spokesmen for Industrial organisations were today critical of the lack of official Information on the draft terms of the new textiles agreement reached between Hongkong and the European Economic Community in Brussels last week. Regret was expressed overAFP; Reuter - 689 words
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Article, Illustration170 1977-12-06 11 CATERPILLAR Tractor Co has announced plans to manufacture the world's largest track-type tractor, the 700 hp DlO. This was disclosed by Tractors Malaysia Berhad, the Caterpillar dealer for Malaysia, Singapore, Brunei and Christmas Island. The DlO, measuring 4.57 m high, 3.65 m wide and170 words
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Article74 1977-12-06 11 A SWEDISH special envoy, Ambassador Sverker Astrom will arrive in Singapore on Thursday for three days of economic talks with Government representatives. Announcing this yesterday, Mr. Rasmus Rasmusson, Swedish Charge d'Affaires here said Mr. Astrom will be reviewing bilateral relations with Singapore as well74 words
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Article272 1977-12-06 11 Reuter HONGKONG, Mon. Hongkong's cotton spinners and weavers have called on the government to consider Import controls against other Third World textile producers. Their associations made the call after Hongkong and the EEC initialled a fiveyear textile agreement In Brussels on Saturday after weeks of protractedReuter - 272 words
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281 1977-12-06 11 Reuter PEKING, Mon. A conference called to discuss the development of China's electronics Industry has ended here with the People's Dally stressing its Importance to the country's modernisation goals. The conference began on Nov 7 with many top leaders attending yesterday's closing ceremony. The NewReuter - 281 words
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Article229 1977-12-06 11 UPI HONGKONG. Mon. China charged yesterday that the Soviet Union's economic gains from the West have boosted economic potential for the Kremlin's sustained arms drive, war preparations and rivah-y with the United The official New China News Agency (NCNA) said: "Inadequate economic power is the SovietUPI - 229 words
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265 1977-12-06 11 Reuter SYDNEY, Mon. A spokesman for CSR Ltd, marketing agents for Australian sugar exports, said current taTks here with Malaysian officials are normal commercial discussions which take place during the term of any contract but declined to comment on details. The spokesmanReuter - 265 words
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Article166 1977-12-06 11 KUALA LUMPUR, Mon. Heavy monsoon rain Is causing a greater than nor* mal seasonal dip in Malaysian palm oil and palm kernel oil production. Estate and trade sources said rain Is affecting accessibility and the ripening of fruit for harvesting and also damaging flowers which166 words
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Article104 1977-12-06 11 AP TOKYO, Mon. Chilean Economic Affairs Minister Pablo Baraona said today Chile wants to strengthen its economic relations with Japan and other Asian nations at a meeting with leaders of the Influential Federation of Economic Organisations and the Japan Chamber of Commerce and IndustryAP - 104 words
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Article98 1977-12-06 11 THE Oversea-Chinese Banking Corporation (OCBC) will soon start a seven-point plan to encourage Its staff to be polite to customers following a study which has Identified weaknesses In courtesy at the bank, according to the bank's house publication, Berlta, The steps Include more emphasis on "selling",98 words
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Article91 1977-12-06 11 THE Singapore Institute of Statistics and the Department of Economics and Statistics will jointly organise the Second Southeast Asian Statistics Seminar here, from March 27 29 at the Regional English Language Centre (RELC). About 100 participants, including 3d from foreign countries, are expected to attend the91 words
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Article261 1977-12-06 11 CANBERRA, Mon. The Australian Wheat Board exported a record 9.5 million tonnes of wheat worth about ASI billion (552.67 billion) during the year ended on Nov, 30 1977. This quantity was 900,000 tonnes above the previous record set in 1970/71, and 1.5 million tonnes above261 words
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948 1977-12-06 11 Reuter SYDNEY, Mon. Australia's election campaign has entered its final week without any clear sign from voters who they will choose to restore the country's economic health. Prime Minister Malcolm Fraser's conservative coalition was rocked at the outset of the campaign by the resignationReuter - 948 words
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Article330 1977-12-06 11 Reuter UPI BANGKOK. Mon. Thailand's rice exports will fall sharply next year from this 'year's expected 2.8 million tonnes due to the effect of a recent drought. Deputy Under-secretary for Agriculture Thalerng Thamrong said that 1978 exports will be at least one million tonnes andReuter; UPI - 330 words
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Article137 1977-12-06 11 AFP HONGKONG, Mon. Hongkong's trade statistics will soon go metric and be reclassified to bring them In hne with those of its major trading partners. A spokesman for government's Trade Department said today that the changes would take effect on Jan 1. He added that to giveAFP - 137 words
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Page 11 Advertisements
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Advertisement34 1977-12-06 11 What is Malaysia doing ensure natural rightful place in industry? Find out in the November 1977 issue of MALAYSIAN BUSINESS w I a I Mf. V* <*, \IT s V 5 v&s- > r" v Jtar--234 words
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614 1977-12-06 12 Agencies KUWAIT, Mon. Oil Minister Mana Otelba of the United Arab Emirates (UAE) declared here yesterday that his oil-rich country will support Saudi Arabia In Its quest to freeze oil prices for 1978. "We will support Saudi Arabia, even If It stands alone,Agencies - 614 words
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501 1977-12-06 12 Reuter KUALA LUMPUR, Mon. The European Economic Community has agreed to provide the services of Its business corporation centre at Brussels to assist Malaysia In finding possible European joint venture partners. The Minister of Trade and Industry, Datuk Serl Hamzah Abu Samah, saidReuter - 501 words
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Article111 1977-12-06 12 TWO LARGE Scandinavian trading and Industrial groups are In Singapore scouting for business contacts. If we are to believe a somewhat mysterious advertisement which appeared in the English-language press over the weekend. They have, however, kept their identities secret, so that even the Scandinavian embassies here111 words
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Article35 1977-12-06 12 TOKYO, Mon. Japan's motor vehicle registrations rose 6.2 per cent last month to 324,987 from 306,090 in October, but fell 4.3 per cent from 339,559 In November last year.35 words
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381 1977-12-06 12 KUALA LUMPUR, Mon. Dow Jones Inc. publishers of the Asian Wall Street Journal, will acquire an Immediate 19 per cent of the equity of Financial Publications Sdn. Bhd., publishers of Malaysia's financial daily, Business Times. In the agreement with Financial Publications and Its parent381 words
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181 1977-12-06 12 Reuter KUALA LUMPUR, Mon Malaysia's oil output Is expected to reach 230,000 barrels a day by the middle of next year and could reach 400,000 in the next two or three years. Output has already expanded to 190,000 barrels a day from 150,000 InReuter - 181 words
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204 1977-12-06 12 THE GOVERNMENT will invest more in the three Joint Government Industry Training Centres to cater for the expected higher future demand for skilled apprentices. It will also promote Increased enrolment at the Centres. According to Singapore Investment News, a publication of the204 words
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Article51 1977-12-06 12 AFP BANGKOK, Mon. China Is Thailand's leading sugar buyer Importing 43 per cent of the total crop In the first to months of this year. The Board of Trade of Thailand said China had bougnt 1.5 million tonnes for a total of U***** million (SSBOI million).AFP - 51 words
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Article83 1977-12-06 12 AFP WASHINGTON, Mon. The drop in commodity rates which came to a halt in September resumed In October. International Monetary Fund (IMF) statistics showed the index (base 100 in 1970) was 227.7 in October against 229.3 In September and 229.2 In August. Last April It was atAFP - 83 words
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Article763 1977-12-06 12 LONDON, Mon. The market turned mixed after showing Initial gains in dull trading, dealers said. At 3 p.m. the Financial Times Index was down 0.4 at 486.3. The strength of sterling helped government bonds retain its early gain of H point With the wholesale price Index helping to763 words
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Article755 1977-12-06 12 AFP Reuter WASHINGTON. Mon. The United States will maintain pressure on Japan to cut its ttade surplus. The pressure will be maintained over the next few weeks, Informed sources said, as Mr. Nobuhiko Ushlba, assigned to Washington to discuss the surplus problemAFP; Reuter - 755 words
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376 1977-12-06 12 SINGAPORE'S food and beverage Industry, which has previously catered largely to domestic and Asean region requirements, Is now looking further afield at new export markets like those In west Asia, according to the Economic Development Board's publication, Singapore Investment News. The latest376 words
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416 1977-12-06 12 TWO joint managing directors of Singapore Contractors Corporation Ltd (SCC) are reported to be in Jeddah, Saudi Arabia, with two others, negotiating deals for $100 million worth of construction cbntracts. This is the team's fourth visit together. It comprises Mr. Lee Choi416 words
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156 1977-12-06 12 A LEADING European manufacturer of pharmaceuticals, diagnostics and blochemlcals, Boehrlftger Mannheim, has opened a regional representative office In Singapore. The regional manager for Africa. Asia and Australia, Mr. H.G. Schmidt, Is In Singapore for the official opening today. "The company already has distributors In the156 words
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Article69 1977-12-06 12 AFP TOKYO, Mon. Toilets at government offices were occupied by officials who were "secretly" counting yen notes they have received as year-end tjonuses. The bonuses paid to central and local govern- ment officials totalled nearly 1 trillion yen (559.28 billion) which represented only a slight 2 perAFP - 69 words
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315 1977-12-06 12 LONDON, Mon. A British inter-departmental committee is expected to be set up to study the growth In manufacturing capacity In developing countries including Singapore and possibly Malaysia and the impact It has on the industry here. A spokesman for the British315 words
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Article137 1977-12-06 12 THE HIGH Court has directed the Sheriff to sell "at the best possible price" $3.7 million worth of tea which was to have been shipped to Port Sudan from South India in August, when It was diverted off Aden and bro.ught to Singapore. The Sheriff137 words
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Page 12 Advertisements
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Advertisement51 1977-12-06 12 SINGAPORE OKOH Japanese Restaurant 4tt» Fir, Suprama House, Penang Road. Tal *****1 sax OKOH Of GINZA Japanese Restaurant Basement. Hong Leong Blag' Raffias Quay. Tal *****81 KATSURA Japanese Steak House Orchid Inn, Dunaarn Rd. Ta) *****2 REDIFFUSION 1 AV DAILY CHINESE 2 90 000 Listeners Audio Media Chinese Audience shdfe51 words
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Advertisement208 1977-12-06 12 Ire KM Mr With The Components Bnilt In Our Forklift Trucks? DIESKL FORKLIFT TRUCK 04 t#ri«t Copacitias: 2,000 Kg./2,500 Kg./ 3,000 Kg./3,500 Kf./4,000 Kf. Load ctntr«: 500 mm Lifting haight: 3,300 mm/4,000 mm/4,500 mm Engina: Ftikim Diaaal U.K. Transmit won: Heavy duty Automatic Tarawa Can*«rtor of (orf Warner USA, circulation208 words
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