The Business Times, 7 December 1977
1977-12-07
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12
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The Business Times
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Title Section9 1977-12-07 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, DECEMBER 7, 1977 50CENTS9 words
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NEWS IN BRIEF
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Article75 1977-12-07 1 AFP KUALA LUMPUR, Tues. The Malaysian Airline Pilots Association (MAPA) today decided to suspend Its stoppage of work schedule for Dec. 13 following a top-level meeting with Communications Minister, Tan Sri. V. Manickavasagam, civil aviation and Malaysian Airline System (MAS) officials. The minister briefed the association onAFP - 75 words
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Article35 1977-12-07 1 AFP BRUSSELS, Tues. The European Economic Community (EEC) will ask Japan for a high-level meeting to discuss ways of trimming the EEC trade deficit with Tokyo, an informed source said here today. AFP.AFP - 35 words
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Article33 1977-12-07 1 Reuter GENEVA, Tues. Delegates from 50 countries today adjourned discussions on renewing MultiFibre Arrangement (MFA) regulating world trade in textiles so that they could have two days of private talks. ReuterReuter - 33 words
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Article38 1977-12-07 1 Reuter TAIPEI, Tues. The Chinese Petroleum Corporation of Taiwan will import some 120 million barrels of oil from major American oil companies based in Singapore and Malaysia in fiscal 1978 ending on June 30. Reuter.Reuter - 38 words
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Article91 1977-12-07 1 Agencies JEDDAH, Tues. Saudi Arabia would definitely stand by an oil price freeze at the Dec 20 Caracas conference of the Organisation of Petroleum Exporting Countries (Opec), Saudi Arabia's Oil Minister, Sheikh Ahmed Zaki Yamani, said today in an interview with the newspaper "Oukaz." He said Iran wouldAgencies - 91 words
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Article55 1977-12-07 1 AP JAKARTA, Tues. Indonesia's Inflation rate for the first 11 months this year stood at 10.02 per cent compared with 10.18 per cent for the yearago period. Interim Information Minister Sudharmono said today inflation Increased 0.89 per cent in November from the previous month because of higher riceAP - 55 words
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Article44 1977-12-07 1 Reuter KUALA LUMPUR, Tues. The Malaysian Federal Court today Increased from six months to four years the sentence on former Selangor State Chief Minister Datuk Harun Idris on charges arising from funding for a world boxing title match here. Reuter.Reuter - 44 words
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Article62 1977-12-07 1 UPI NEW YORK, Tues. Stocks headed sharply and broadly lower early today amid investor uncertainties about Interest rates and the economy's outlook. Trading was active. The Dow Jones industrial average, which fell 2.95 points yesterday, was off 6.84 points to 814.28 shortly before 11 a.m. Declines far outnumberedUPI - 62 words
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Chief Price Changes
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Article, Illustration169 1977-12-07 1 QUIET trading reigned amid barely steady conditions on the Stock Exchange of Singapore yesterday. The large number of bargain hunters accounted for the small lots transacted across the board. Consequently, the Business Times index lost 1.67 points to 477.74 while the Straits Times Industrial share index was169 words
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Article112 1977-12-07 1 Rises Most active Oriental 3.64 .08 Msla Weaving 530.000 Sg Best 4.78 +.08 Fed Cables 222.000 Sg Bagan 1.77 .07 G. Ceramics 97,000 Sea Lumber 1.17 .05 S. Darby 61.000 Berjuntal 7.70 .05 Total Turnover: 1.98 M B. Raya 1.47 .04 Total Value: MS3.47 M MU Ind112 words
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Article777 1977-12-07 1 EIGHT-POINT PLAN UNVEILED Agencies TOKYO, Tues. The US got some of what it wanted today when the Japanese government decided on an eight-point programme, including import tariff reductions, to cut Japan's trade surplus and promote capital outflows. But the details are still under wraps pendingAgencies - 777 words
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Article147 1977-12-07 1 A LOCAL manufacturing firm has had to retrench more than 200 workers following the lots of export opportunities to Japan amounting to over 12 million becauie of import restriction! imposed by Japan in May thia year. The company export* thrown silk and Japan was the firm's major export147 words
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Article262 1977-12-07 1 A EUROPEAN Economic Community (EEC) council has agreed In principle to the Asean-EEC meeting proposed not long ago by Singapore. It should be held towards the end of 1978, said Mr. Wllheim Haferkamp vicepresident of the EEC, on his arrival here last night. He Is262 words
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830 1977-12-07 1 RONNIE LIM - By RONNIE LIM HIGHER cement prices have been the main topic of discussions with Department of Trade, cement manufacturers and contractors this week. Trade Department officials, who are apparently worried by the cement Industry's recent price-fixing moves, met with the two parties830 words
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Article312 1977-12-07 1 AT THE signing ceremony for Settsu Paperboard's USSIS-mllllon, 15-year convertible bond Issue yesterday, the issue was reported "oversubscribed," by Mr. T. Karlgane, president of DBS-Dalwa, despite Singapore's supposed ignorance of Settsu's high standing back home in Japan. Dawal Securities Is lead manager for the issue. The coupon312 words
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292 1977-12-07 1 US coal strike drags down in Europe Reuter LONDON, Tues. As dealers anxiously wondered how the slide could be halted, the dollar dropped sharply again today on the European foreign exchange markets. News that 130,000 United States coalminers had gone on strike in the coalfields of the Appalachian mountains andReuter - 292 words
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Article, Illustration561 1977-12-07 1 THE next International Monetary Fund (IMF) gold auction opens today, the 16th such auction. At least one august observer expects higher prices, perhaps today, but certainly early next year. The common price method will be used, as compared with the bid price method561 words
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Page 1 Advertisements
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Advertisement78 1977-12-07 1 whatever you need in menswear, get it at... MOHAN'S DEPT. STORE (PTE.) LTD. 321. Orchard Road Tei *****22 (next to Mandarin Hotd) Branch: 101, Tanglin Shopping Cantra 1* *****49 Daily :9am-9pm SEE THIS PAGE EH9VMMBMHK ■LiHI Overseas News/ TV Radio -P2 Overseas News/ Crosswords -P3 Local Co. News -P4 International78 words
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Advertisement51 1977-12-07 1 |&\%_^]}-'^=.`.;~_{@+<-'&`~%+'/ CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant A J v* >-V, <r •jr? mi tEii hehrv nnc acEncies pte ltd 9 K,c a v r,IV ,fJ; BRUNEI AGENT PFLIANCf. DIS TRi B 144 B JALAN CHEVALIER BANDAR Sf c Bt G AW/ BRUNEI51 words
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Advertisement146 1977-12-07 1 _-r r gfl SEE PAGE 3 Olivetti Any person seated at this desk can do the work of three people Yes. one person to handle all customer accounts. Calculate and complete invoices. Prepare statements. Process payroll. Control the ledgers. Control stock flew. All these procedures completed at electronic speeds with146 words
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OVERSEAS
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599 1977-12-07 2 UPI WASHINGTON, Tues. US foreign aid chief John Gllllgan said yesterday America's economic assistance programme is now "a professional response to urgent needs" rather than a weapon of war or a poli-tico-military negotiating tool. "This foreign aid programme (now about US$6.5 billion)UPI - 599 words
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Article328 1977-12-07 2 Reuter NEW YORK, Tues. Speculation about a possible increase in US domestic copper producer price has surfaced now that dealer selling values are approaching producer quotations. The speculation began late last week, after commodity exchange copper prices firmed on speculative buying, traders said. The strength of comexReuter - 328 words
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Article34 1977-12-07 2 Reuter RIO DE JANEIRO. Tues. The Central Bank of Brazil said It adjusted the cruzeiro downwards by 1.72 per cent to 15.7/ 15.8 to the dollar from 15.435/ 15.535, effective today. ReuterReuter - 34 words
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521 1977-12-07 2 Reuter AP MIDDLETOWN (Ohio), Tues. Armco Steel Corp said it filed a complaint against British Steel Corp and other UK steelmakers charging dumping of five major carbon steel product lines. It said the complaint, filed with the US Treasury, covers cold-rolled sheets, plates, structuralReuter; AP - 521 words
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552 1977-12-07 2 UPI WASHINGTON, Tues. The Supreme Court declined yesterday to review the 68-year-old legal doctrine that US courts have no jurisdiction in antitrust cases involving foreign countrles'offlclal actions. The Judges supported a US Appeals Court ruling dismissing one claim In an anti-trust suit filedUPI - 552 words
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272 1977-12-07 2 Reuter LIMA (Peru), Mon. An indefinite strike by miners And metal workers which was to have started yesterday has been postponed for a week. A spokesman for the 40,000 strong Federation of Miners and Metal Workers said talks with Labour Minister GeneralReuter - 272 words
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Article179 1977-12-07 2 Reuter LONDON, Tues. The quota mechanism in the new International sugar agreement is resulting in huge reductions In availability to the market from areas outside the EEC, particularly in cane raw sugar. Sugar broker E. D. and F Man. in Its latest sugar review, said ItReuter - 179 words
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Article131 1977-12-07 2 Reuter PARIS. Tues. UN Food and Agriculture Organisation (FAO) director general Edouard Saouma yesterday said that some Third World countries did not give agriculture enough priority to solve their food problems. Mr. Saouma said: •'Governments of the Third World should give a real priority toReuter - 131 words
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Article53 1977-12-07 2 AP WASHINGTON, Tues. Recalls of 7,400 Mack trucks and 2,000 Mazda rotary engine cars were announced yesterday by the National Transportation Safety Administration. The trucks have a deficiency in the welds which hold the rear axle spring and the Mazdas are being recalled for correction of aAP - 53 words
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267 1977-12-07 2 Reuter LONDON, Tues. Leaders of the nation's 36,000 striking firemen, rebuffed In their bid for broad Trades Union Council (TUC) backing, meet today to plan the next move lit their fight to win a 30 per cent pay increase from the government. TheReuter - 267 words
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238 1977-12-07 2 AP GROTON (CONNECTICUT), Tues Since the 320-km territorial limit went into effect last March, commercial fishermen in Connecticut, Rhode Island and Massachusetts have been catching up to 25 per cent more fish, according to testimony at a US Senate hearing yesterday. The successAP - 238 words
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736 1977-12-07 3 NYT WASHINGTON, Tues. Energy conferees made substantial progress, with Senator Russell Long, chairman of the Senate finance committee, generally agreeing to back the Carter administration's crude oil equalisation tax and dropping his Insistence on passing on some of its proceeds to the oilNYT - 736 words
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443 1977-12-07 3 Reuter WASHINGTON, Tues. Miners producing half of America's coal went on strike at midnight (0500 GMT) In a dispute that Is expected to affect colliery workers more seriously than consumers. Some 130,000 miners, mostly In the coalfields of the Appalachian mountains and the middle west,Reuter - 443 words
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240 1977-12-07 3 PARIS, Tues. France had a current payments deficit of 2.05 blUlon francs (SSI billion) seasonally-ad-justed in the third quarter compared with a downward revised 3.2 billion deficit in the second. The second quarter deficit was previously given as 3.4 billion francs. In the third 1976240 words
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Article78 1977-12-07 3 Reuter TEL AVIV. Tues. Share prices dropped by as much as 30 per cent on the Tel Aviv stock exchange yesterday, apparently signalling the end of a boom lasting several months. Overall market values dropped by about 1,000 million Israeli pounds (about SSIS6 million) as some 100Reuter - 78 words
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531 1977-12-07 3 Pressure on linked to policy uncertainly UPI VRANKFURT, Tues. The US balance of payments deficit has caused sustained pressure on the dollar in recent months because of market participants' uncertainty about the future course of economic policy, Edwin Yeo, former undersecretary responsible for monetary affairs at the US Treasury, said.UPI - 531 words
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375 1977-12-07 3 Reuter NEW YORK, Tues. The US economy should grow about a real 4V< per cent In 1978, Morgan Guaranty Trust Co said In its monthly economic review. Investors' and businessmen's nervousness js likely to Impede more rapid growth, it added. Investors in financialReuter - 375 words
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794 1977-12-07 3 BONN GIVES ITS APPROVAL Reuter BRUSSELS, Tues. Common Market government heads gave broad backing to a plan to raise up to one billion units of account In International loans after several months' discussions by community finance ministers. EEC sources also said West Germany,Reuter - 794 words
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Article231 1977-12-07 3 Reuter LONDON, Tues. British money supply growth probably moderated somewhat In the four weeks to Nov 16 under the Impact of a more normal pattern of bank lending and following a cutback In the Inflow of foreign funds as a result of the decision toReuter - 231 words
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Article38 1977-12-07 3 Reuter BRUSSELS. Tues. BelSan unemployment rose to '2,744 or 7.3 per cent of the working population at end November from 272,622 or 6.8 per cent at end October, the National Employment Office said. Reuter.Reuter - 38 words
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Article135 1977-12-07 3 Reuter LONDON, Tues. The UK Government is expected to announce soon a new scheme between the clearing banks and the Export Credits Guarantee Department (ECGD) for financing of fixed-rate export credits. The UK Treasury said the new scheme replaces another arrangement which expired this autumn and isReuter - 135 words
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Article232 1977-12-07 3 LONDON, Mon. Wholesale prices of UK manufactured goods rose 0.3 per cent In November, the smallest monthly Increase since April 1973. reducing the year-on-year rise to 16 per cent from 17.75 per cent In October. Provisional figures from the Department of Industry show that the232 words
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Article34 1977-12-07 3 buying Reuter BERNE, Tues. The Swiss National Bank has bought dollars to an equivalent value of 13.6 billion francs in foreign exchange market intervention so far this year, bank president Fritz Leutwller said. Reuter.Reuter - 34 words
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Page 2 Advertisements
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Advertisement156 1977-12-07 2 I What's the big idea? 9 C'mon, tell. Put all your cards on the table, man. You mean, for the December '77 issue of The Craft of Sound? 8 8 8 1 JSW 8 m Special features on installing sound equipment in the car and how the soundtracks of TV156 words
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Page 2 Miscellaneous
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Miscellaneous324 1977-12-07 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Dec 6 at Singapore airport. Maximum Temperature 29.2° C Associated Humidity 82 Minimum Temperature 23.5° C Associated Humidity 98 Hours of Sunshine 1.15 Rainfall in Millimetres Trace Total Rainfall for the Month 21.7 Total Rainy Days for the324 words
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Page 3 Advertisements
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Advertisement152 1977-12-07 3 Prestige position Your expensive car It says you've arrived Can you say the same thing about your office furniture 7 Your office chair, for instance Is it all it should be 7 After all. you spend more time in it. than you do in your prestige car Shouldn't your chair152 words
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Page 3 Miscellaneous
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Miscellaneous604 1977-12-07 3 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I One who objects to other people's children? (6) 7 Hooked to the bed (8) 8 He gets more on the tube (4) 10 Silly old producer of odd art 11 Make an article In an Island 14 Mark's objective (3) 16 Makes mates604 words
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COMPANY NEWS
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584 1977-12-07 4 SOUTH East Asia Lumber shrugged off old problems and torpedoed away during the year ended June 30,1977 to produce a group pre-tax profit of M 53.30 million against Just $46,844 In 1975/76. The company Is celebrating with the declaration of Its first ever584 words
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Article47 1977-12-07 4 THE Stock Exchange of Singapore has asked Sembawang Shipyard for more details regarding Its newly formed associate Sembawang Shipping. It wants to know the Issued capital of the company. the equity participation of Sembawang Shipyard In the company, and the consideration paid for the shares.47 words
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Article418 1977-12-07 4 UNITED Holding's long delayed annual report tor the year ended 1975 contains a number of poeers to which the Stock Exchange of Singapore and the Kuala Lumpur Stock Exchange seek clarification. Most of the questions pertained to the company's acSuisition of Syarikat Bung a •ya Timor-Jauh418 words
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Article398 1977-12-07 4 Current Ex Date ToUl for Total for payment Date payable the year previous year PMRI 10% Nov 18 Dec 7 10% 20% Aokam Tin 35%I Nov 25 Dec 7 45% 25% Austral Enterprise* 10%I Nov 15 Dec 9 10% 20% Talam Mine* 10%I Nov 15 Dec 9 10%398 words
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Article464 1977-12-07 4 TAPERING commodity prices since June this year did not dampen the profit streak of Consolidated Plantations in Its first quarter from July to September 30. Turnover, comprising external sales of oil palm products, rubber and cocoa, Improved some 27 per cent on the comparable first464 words
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COMPANY MEETINGS
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Article31 1977-12-07 4 THE following company meetings are due' Dec 15 at Its registered office, 4th floor, Wong Shee Fun Building, Jalan Ah Fook, Johore Bahru, Johore, Malaysia at 11 a.m.31 words
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Article17 1977-12-07 4 Dec 17 at 19th floor, Clifford Centre, Raffles Place, Singapore 1 at 12 noon.17 words
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22 1977-12-07 4 Dec 23 at Its registered office, Jalan 13/4 (Jalan Bersatu) Petaling Jaya, Malaysia at 12 noon.22 words
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13 1977-12-07 4 Dec 17 at 21 and 23, Jalan Hussein, Ipoh.13 words
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Article14 1977-12-07 4 Dec 28 at noon at 72A Jalan Tampol, Johore Baru, Malaysia.14 words
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Article20 1977-12-07 4 Jan 12, 1978 at its re- glstered office, 25 Beach Street, Penang, Malaysia at 12.30 p.m.20 words
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889 1977-12-07 4 NYT KANSAS CITY: Of all the. thousands of shareholder meetings held each year, none Is as strange or as well attended as the annual gathering Just concluded here by Farmland Industries Inc. The meeting was unusual on two counts: Fdr one. Earnest Llndsey,NYT - 889 words
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Article33 1977-12-07 4 DO Bank, the central bank and liquidity manager for Germany's cooperative banking system, said In Frankfurt In plans to raise Its basic capital by 200 million marks to 566.4 million marks.33 words
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Article276 1977-12-07 4 THE sharp recovery seen at Veneer Products In the previous financial year has petered out for the current year ending Feb 28, 1978. Group pre-tax profit turned in at the half-way mark shows a near 26 per cent fall to $715,000 from that of $965,000 earned In the276 words
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823 1977-12-07 4 NYT NEW YORK: Shrewd marketing has whetted Investor Interest In municipal bonds to the point where high yields have become a major selling point. That's the reason why one of the shrewdest mutual fund marketeers of them all, the Fidelity Management and Research Co,NYT - 823 words
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Article1261 1977-12-07 4 December 5 VOLUME on the Chicago Board Options Exchange fell to 67,344 contracts from 88,130 on Friday. Declines led advances 355 to 124. Al'n* 40 tfKTIltJ MOO* t» IV l| M All tO HKtftU ADM tt 1 ti Mn T«i M M AoTH 46 i-lt MbTH t1,261 words
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Page 4 Advertisements
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Advertisement160 1977-12-07 4 the 8 Steps to Health and Peace by Richard L. Hittleman (author of "yoga 28 day EXERCISE PLAN) Richard Hitttoman, the most widely-read author in tha world on tha subject of yoga, preeents in thia book hia moat complata and in-dapth study of tha subject to data. Instruction is givan160 words
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INTERNATIONAL COMPANY NEWS
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491 1977-12-07 5 NORTH AMERICAN COMPANIES UPI THE Comptroller of the Currency has temporarily suspended trading in the stock of National Bank of Georgia, In which former Federal Budget Director Bert Lance is a principal shareholder. Comptroller John Helmann said he ordered the 10-day suspension beginning Monday inUPI - 491 words
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101 1977-12-07 5 AFP REYNOLDS Metals is studying the possibility of building factories costing US$l,6OO million In two Malaysian states, the firm's headquarters said in Richmond, Virginia. A spokesman for Reynolds Metals echoed reports from Malaysia saying that company president Louis Reynolds, now visiting that country, had signedAFP - 101 words
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Article108 1977-12-07 5 H.J. HEINZ Co said it is optimistic that it will have higher earnings and sales for the current year. Heinz said the results of cost-reduction programmes have aided operating margins. Last year, Heinz earned $83.8 million and had sales of $1.87 billion. The company said its marketing108 words
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Article676 1977-12-07 5 NYT NEW YORK: The smokedetector business, though only five years old, may be facing overcapacity, some industry followers contend. There is reportedly a surplus of the devices this year In sharp contrast to last winter, when a shortage at the retail level may have promptedNYT - 676 words
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255 1977-12-07 5 ASIAN COMPANIES Reuter COAL and Allied's (Cail) improved profitability continued into the current half year and is markedly above the depressed first half of last year, chairman William Howard-Smith said. Consolidated net operating profit was A 55.55 mlHion (5.09 million) for the year ended JuneReuter - 255 words
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Article106 1977-12-07 5 Reuter LANE Crawford has announced an Interim dividend of 10 HK cents (50 cents) for "A" shares and one cent for "B" shares (five) for the year ending March 31, 1978, after the five-for-one stock split. The dividends are payable on Dec 30. The company said thereReuter - 106 words
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247 1977-12-07 5 Reuter US STEEL Corp expects 1977 capital spending to be US$BOO million to $900 million, down from the $957.3 million spent In 1976, president David Roderick told analysts. He said spending In 1978 should be $700 million to $800 million and capital authorisationsReuter - 247 words
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Article66 1977-12-07 5 Reuter STANDARD and Poor's Corp said It gave a triple "A" rating to the $250 million general obligation bond offering of the Province of Ontario, which Is scheduled for sale Dec 14. S P also said the rating for the Province of Ontario has been changed toReuter - 66 words
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Article53 1977-12-07 5 Reuter ARMCO Steel Corp's National Supply Co unit said it agreed to sell two offshore oil production platforms valued at more than US$l5 million to China. The first rig is scheduled for delivery In the summer of 1978. Additional contracts for parts and supplies are j currentlyReuter - 53 words
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Article217 1977-12-07 5 Reuter HYDRO-QUEBEC'S forthcoming $1.25 billion Eurodollar financing is likely to carry an interest rate of about 3/4 per cent above London interbank offered rates, bond market sources said. The borrowing consists of a $750 million 8 1/2-year loan and a $500 million line of credit. Sources has estimatedReuter - 217 words
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Article37 1977-12-07 5 Reuter CANADA Cement Lafarge, subsidiary of Lafarge SVZ France, said the Cs4o million loan It will float shortly will have a 9.75 per cent coupon and a 20-year life. No other details were given. Reuter.Reuter - 37 words
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Article867 1977-12-07 5 NYT MONTE CARLO: In the famed casino where the aristocracy once wagered fortunes on the turn of a wheel or the turn of a card, roulette and baccarat are going the way of such pastimes as whist and bezique. Like English lords and Russian nobility,NYT - 867 words
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652 1977-12-07 5 EUROPEAN COMPANIES FT t NATIONAL and Commercial Banking group has I reported an 11 per cent In- crease in pre-tax profits for the year ended Sep 30 to €64.1 million against C 57.7 million after £31.12 million (€28.28 million) at halftime. Commenting on theFT - 652 words
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485 1977-12-07 5 FT IN A move designed to double the size of Its phari maceutlcal manufacturing mterests, the Guinness Peat group Is bidding £1.5 million for toothpaste and sheepdlp manufacturers. Willows Francis. Terms of the offer are t'l.oBp cash or 52 Guinness shares for every 100FT - 485 words
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Article341 1977-12-07 5 REPORTING a 68 per cent Jump in pre-tax profits from £11.52 million to £19.4 million for the half year to Sept 30. 1977, the directors of Racal Electronics sav they anticipate that the fufi year figure will be In excess of £45 million compared with the341 words
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Article69 1977-12-07 5 AP THE age of the Beetle will end In West Germany at the close of the year, when German production of the legendary insect-shaped Volkswagen will come to a halt, the makers announced. A Volkswagen statement said that from next year, even German clients will have toAP - 69 words
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321 1977-12-07 5 Reuter THE receiver for the Fairey Company, Sir Charles Hardle. announced he has accepted an offer, subject to contract, from, the British State National Enterprise Board to purchase all but three of the UK operating companies In theFalrey group for around £20.5 million. TheReuter - 321 words
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Article198 1977-12-07 5 Reuter MANNESMANN said its 1977 profit levels will be below those for 1976 when It had a 302 million mark world net profit, but sales will be around last year's 11.80 billion. In addition to repeating its forecast of lower but still satisfactory earnings, Mannesmann said cashReuter - 198 words
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Article85 1977-12-07 5 Reuter INCO said it plans to offer US$5O million of seven-year notes and $100 million of 15year debentures in the international capital market. Net proceeds together with those of a Csl2s million preferred share offering In Canada, will be used mainly to reduce short-term debt. LeadingReuter - 85 words
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Page 5 Advertisements
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Advertisement112 1977-12-07 5 Mm PACIFIC CRUISE 1478 on QUEEN ELIZABETH 2 9 i tiWH- r* at 4 MANSFIELD TEA VIL V ■0^ Cunard s fabulous QE2 returns early next year to give you the most fascinating voyage around the Great Pacific. Nearly 30 exciting ports of call await you for. the complete cruise.112 words
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Article2391 1977-12-07 6 irn High Low Compoay Last Sale +orGrt div Div c'vr Gr'i y'W Net P/E Vol COOO) Day High Low SECTION ONE INDUSTRIALS 154 204 116 246 88* 205 169 259 422 146 134 165 58 212 ***** 152 182 350 91 Acma Alcorn Allied Choc B&ta Ben2,391 words
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Article1353 1977-12-07 6 BID ind offer price* officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of •hares traded shown in brackets in loto of 1,000 units unless otherwise specified. All Time Settlement Con tracts are quoted after the word "Sett." Big1,353 words
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Article1386 1977-12-07 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS Afmsmats (2 248) A. Cfcaa (1.078 1 098) (1) 1.06 A.M.D.1,386 words
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Article56 1977-12-07 6 STRIKING pricea of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer pricea and business done yesterday, with the number of options traded shown in brackets. C and C (Dec $1.90) (0.618 0.648) (Dec 12.30) (0.248) o.roir* 9iM) (o mb (March56 words
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Article148 1977-12-07 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers' pric* m for Dec 7) (Current pr kcee) The Commerce 1.77 1.88 INCOME BOND 1.09 1.15 The Saving Fund 1.06 1.12 Spore Prog Fund S pore Security Fund S pore Invest Fund 0.84 1.62 1.02 0 89 1.71 1.08 MARA BUMIPUTRA148 words
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Article138 1977-12-07 6 B O T 8 1/2% 1981 (100,000) (100%«B 101',S) B O T 7 5/8% 1984 (100,000) (978 97ftS) B O T Floating 1984 (100,000) (98'/*B 995) LTCB J 1982 (100,000) (98SB 99VfcS) Credit Lyonnais Floating 1983 (100.000) (97V,8 98HS) DBS Converts 6 1/2% 1991 (100,000) (968 975) D138 words
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Article130 1977-12-07 6 Rep Spore D Mark 7% 1982 (100,000) (102*B 103*S) Rep Spore 6 1/2% 1983 (100.000) (102'«B 103S) Rep Spore 7 3/4% 1987 (100.000) (99*8 100*S) Hokushin Electric Converts S 3/8% 1992 (100,000) (978 98S) C Itoh Guaranteed 8 1/8% 1984 (100,000) (97'48 98S) 4 3/4% 1/5/79 (250.000) (100.508130 words
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Page 6 Advertisements
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Advertisement114 1977-12-07 6 Mi r sinGapura FORUM HOTEL ttuwofi el IN* CoMmaMat Hotato 585 Orchard Road, S'pore 9. Tel: *****2 Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tania For memorable yester hits and today's favourites. Only happens at the Pebble Bar Daily114 words
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Advertisement142 1977-12-07 6 i U SINGAPORE 405/407 Havelock Road, S'pore 3. Tel: *****1 lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where The Rosebuds Band, Miss Mareeka (from Philippine), Sonny Bala The New Moonglows, and The Hl-Jacks treat you to a lovely evening of great142 words
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Advertisement152 1977-12-07 6 Ofjchid inn 214 Dunearn Road, S'pore 11. Tel: *****2 Moby Dick (24 Hr. Coffee House) Whet your appetite with our wide variety of Inter-Contlnental food laid on our buffet lunch table dally from 12.00 3.00 p.m. Weekdays: Adults $8.00 3% Children $6.00 3% Weekends: Adults $10.00 3% Children $7.00 3%152 words
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Advertisement126 1977-12-07 6 it HHolel 6/7 Oxley Rise/ Penang Road, S'pore 9. Tel: *****1 Dragon Palace Restaurant Experienced Hong Kong chefs to bring you the best in Cantonese cuisine. Economy menus for lunch are prepared to cater for 4, 6 or 8 persons. But for a truly grand function, let our special menus126 words
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Advertisement140 1977-12-07 6 SMGAPORE HUQN 581 Orchard Road, S'pore 9. Tel: *****3 Harbour Grill The Captain requests the pleasure of your company at the Harbour Grill. Open the Log Book and read the accomplishments of the Harbour Grill. A gastronomic voyage of the four seas. A brilliant selection of exquisite wines. But before140 words
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Article, Illustration654 1977-12-07 7 PRICES held barely steady la quiet trading at the Stock Exchange of Singapore yesterday. Except for a sprinkling of firm spots, prices generally moved sideways. Business in the market was helped to some extent by the presence of bargainhunters and dabblers whose presence was felt throughout the day.654 words
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Article320 1977-12-07 7 SHARE prices fluctuated erractically in selective trading to finish on a mildly easier note at the Kuala Lumpur stock market yesterday. The bulk of the day's trading was concentrated on speculative counters which saw some profit-ta-king by weak holders ay well as some bargain-hunting. Trading in Investment320 words
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INTERNATIONAL STOCK MARKETS
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Article368 1977-12-07 7 HONGKONQ: The market closed narrowly mixed yesterday with a slightly firmer bias in subdued trading, dealers said. The Hang Beng Index roae 0.72 point to 421.85. They said operators remained cautious awaiting further clarification of the outcome of the textile negotiations between the EEC and Hongkong. Hongkong Bank eased368 words
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Article491 1977-12-07 7 TOKYO. Share prices fell yesterday. led by export orientated issues, with investors cautious following the US dollar's further decline against major currencies, dealers said. The Dow Jones average fell 17.72 to close at 4,886.68 with volume of 200 million shares. The New index closed at 364.07 down 1.88. Vehicles,491 words
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Article398 1977-12-07 7 SYDNEY: The market closed firm yesterday following an overnight rise of Australian share prices in London on weekend opinion polls showing a swing to the Fraser government, dealers said. The Sydney All-ordlnarles Index rose 4.21 points to 449.26. BHP rose 16 cents to A 55.70 while ANZ Bank rose398 words
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Article181 1977-12-07 7 MANILA: The market closed firmer yesterday with minings and commercials up slightly and oils steady, dealers said. Turnover rose to 4.58 million pesos from Monday's 2.40 million. Phitox and Atlas rose four antf three points respectively and other mining issues were slightly higher. Among oils local TransAsia and Phil181 words
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Article320 1977-12-07 7 AMSTERDAM: The market closed firmer after being mixed In early trading, dealers said. Dutch internationals were mixed with Akxo and Royal Dutch easing while Philips and Unilever rosg leaving Hoogovons unchanged. Signs a new Dutch government coalition may soon be formed continued to underpin stocks elsewhere. Banks, Insurances. trading320 words
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Article153 1977-12-07 7 BRUSSELS: Share prices closed mixed on Monday with a majority lower, bourse sources said. Reserve, Vieille Montagne. Cockerill, Clabecq and Moaane rose while Sofina, Bruzeliea-Lam-bert, Co be pa Aiturienne, Wa-gons-Liu, Tessenderloo, St Roch and Arbed all fell. In foreign stocks. UK rose. German US and French fell. Dutch were153 words
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Article306 1977-12-07 7 FRANKFURT: Shares were generally weaker in uncertain trading on Monday, partly due to the Influence of the dollar's weakness but also as a result of selling recommendations by some private newsletters, bourse sources said. Leading chemicals fell up to two marks (Basf) and autos by four (BMW, Daimltr). AEG,306 words
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Article151 1977-12-07 7 MILAN: The market fell on Monday to a new low for the year, although trading was slightly more active, bourse sources said. halsider firmed against the trend. Elsewhere. Ass Gen, Centrale, Fiat, both Olivettis and Pirellis and Snia Viscoaa lost ground. Bonds were narrowly mixed in less active two-way151 words
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Article268 1977-12-07 7 PARIS: Only the 37 shares in the Corbeille section were traded on Monday due to a union meeting and these were mostly lower, bourse sources said. Against the trend were Rhone Poulenc and Air Liquide, with Skis Roasignol rising 10 francs. Six foreign stocks were quoted with US and268 words
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Article310 1977-12-07 7 ZURICH: The market was Irregular with a slightly firmer undertone, dealers said. Among flnanclals. OerlikonBuehrle rose on good demand, and Swissair Bearer gained In transports In Irregular banks. Leu Participation Certificate and Its rights closed actively higher. Volksbank recouped part of Its right cessions, but Kreditanatalt Bearer continued easier.310 words
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Article381 1977-12-07 7 JOHANNESBURG: Golds and metals moved ahead in thin trade on overseas interest on Monday, dealers said. Gains were generally small In gold shares. Platinum shares extended Friday's firmer trend, gaining between three and five cents. Asbestos and copper shares were also harder. Elsewhere. Da Bases row In fairly active381 words
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Article353 1977-12-07 7 TORONTO: Stocks eased In heavy trading on Monday, with the Composite index down nearly two points and declines leading advances 230 to 229. Closing volume of 7,723,637 shares was close to Friday's 13-year record of 8,050,350. Home Oil A. which detailed its Pembina drilling activity, added 3/8 to 41.353 words
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Article1084 1977-12-07 7 NEW YORK: Stocks declined moderately in quiet trading on Monday In what analysts saw as more an absence of demand than much In the way of selling pressure. They noted that some yearend tax selling entered the plc- ture to Up the scales to the down side, while1,084 words
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Article67 1977-12-07 7 FINANCIAL TIMES INDUSTRIALS Monday 486 3 Friday 48« 7 Week Ago 444.5 DOW JONES AVERAGE INDUSTRIALS Monday 821.03 Friday 823 98 Week Ago 839.57 LONDON DOLLAR PREMIUM Monday 97 to 97 Vk Friday 97*4 to 97* H.K. HANG SENG Monday 421.13 Friday 421.72 Week Ago 418.13 SYDNEY INDUSTRIALS Monday67 words
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Page 7 Advertisements
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Advertisement364 1977-12-07 7 aiid! mocco SINGAPORE Tanglin Circus, S'pore 10. Tel: *****1 Brasserie La Rotonde Speciallte 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 as only our chefs364 words
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Advertisement12 1977-12-07 7 k: Dewor*! No dinner is compete withouta White Label' I m 3.12 words
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COMMODITY REPORTS AND PRICES
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Article329 1977-12-07 8 THE SINGAPORE rubber market opened fractionally lower yesterday, then weakened further on continued buyer reserve and stale bull liquidation with forward trade selling also in evidence, dealers said. The morning session closed easier with December One RSS buyers quoted at 200.00 cents per kilo, down329 words
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Article29 1977-12-07 8 Rubber: Dec Singapore: December 200.00 cents (down 2.00 centa) Malaysia: January 201.50 centa (down 1.75 centa) Tins'- SI,784.375 (up >3.375 Official offering: 250 tonne* (up SO tonnes)29 words
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Article329 1977-12-07 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. 200 25 201.25N 199.50 200.50N Int. 1 R.S.S. December 200 75 201.25 200.00 200.50 Int. 1 R.S.S. January 202 00 202.25 201.25 201.50 Int. 2329 words
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Article113 1977-12-07 8 NOON SSR and SMR prices yesterday: HAS December January (Current Mth) (For* ard Mth) Buyer* Seller* Buyers Seller* (cent* p erkf) (cent* per kg) SSR 20 (1-ton pallet) 195 00 197.00N 196 00 198 OON SSR 50 (1-ton pallet) 193 00 195 00N 194 00 196 OON113 words
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Article333 1977-12-07 8 HONGKONG, Tues. Sugar futures closed slightly easier in dull and featureless trading, on lack of fresh news, dealers said. March and May were the only months traded both falling 0.03 US cents. Turnover dropped to 12 lots from yesterday's 23. Closing Previous Closing Mch 9.32/34 9 35/36 May333 words
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Article435 1977-12-07 8 TRADING picked up moderately on the Singapore produce market yesterday. Pepper fell by $2.50 per picul for all grades, the top quality Muntok ASTA white taken down from $447.50 to $445 f.o.b. per picul. However, copra and coconut oil rose by $2 per picul for all grades while435 words
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Article376 1977-12-07 8 LONDON, Tues. Coffee futures opened £12 to £38 per tonne up on Monday's close. Volume was 502 lots, but this was boosted by around 200 lots of self trades. The official tone was "barely steady". Dealers said that the gains were based on the New York close and leftover376 words
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Article72 1977-12-07 8 C.I.F. Rotterdam US dollars per ton. LONDON: Monday Prrviou* Malaysia 5* ffa bulk Feb 490 sir 460 sir Sumatra 5% ffa Dec S00 sir 400 pd Jan 480 sir 480 sir/ 475 pd Feb March 467 50 sir 467.50 sir 480 Sir/465 pd 467 50 Sir April 45272 words
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Article232 1977-12-07 8 LONDON. Tues. Terminal sugar opened £0.50 down to £1.10 up from yesterday afternoon closing levels. Sales totalled 513 lots. In actuals, unconfirmed trade reports said that the Dominican Republic were looking to sell 40,000 tonnes of first quarter 1978 shipment raws. Elsewhere, a cargo of December arrival raws was232 words
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Article225 1977-12-07 8 THE STRAITS tin price In Penang yesterday was up M 53.375 to $1,784,375 per plcul on an official offering up 60 tonnes to 250 tonnes. The market continued higher following the firmer trend on the London Metal Exchange, dealers said. Buying especially from the US and Japan also225 words
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Article257 1977-12-07 8 LONDON, Tues. Terminal cocoa opened £8 to £5 higher in sales of 118 lots. Prices had been expected to open slightly lower and early in the call the March position traded at an £11 loss. However, fresh buying and covering at this level reversed the trend despite persistent trade257 words
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Article114 1977-12-07 8 HONGKONG, Tues. The market was steady with prices up to $1 higher, dealers said. The day's turnover totalled 419 tons including Thais 146, Kwangtungs 180 and Australlas 93. Arrival was from Kwangtung 360 tons. (Price* In HK dollar per plcul ex-fo-down) Thai While: 100 pet old crop Ist class114 words
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Article112 1977-12-07 8 CHICAGO, Tues. Soybean futures closed T/t to 5% cents a bushel lower, ending the session at or Just above the day's lows. Prices showed some early firmness on continued light country nyovement, advances In oil futures and fair amounts of commercial buying. But speculative support was limited In the112 words
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Article78 1977-12-07 8 CHICAGO, Tues. Wheat futures yesterday fell sharply in late trading to close at the day's lows with losses of SV» to 11 Vk cents a bushel. The market fluctuated narrowly in light early dealings, supported by firmness In cash basis levels but lack- lng other fresh speculative I buying78 words
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Article64 1977-12-07 8 SHIPMENT of Straits refined tin from Penang during November: November Jan/Nov. Destination Shipped Afloat Shipped Tonnes Tonnes Tonnes Africa -.50 27.50 Australasia 232.00 Canada 5.00 60.00 Continent 908.00 80.00 16.740.00 India 371.00 25.00 2,143.25 Japan 1.512.00 158.00 13,544.00 West Asia 47.00 479.50 Pacific 377.00 3,519.00 Singapore 19.25 210.5064 words
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Article329 1977-12-07 8 LONDON, Tues Copper wirebars finished the morning with losses of £3.50 for cash and £4 for Three Months. Values eased on the premarket under scattered liquidation prompted by firmer sterling, but steadied briefly following the higher gold fix and small West German physical demand, dealers said. In the ring,329 words
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Article172 1977-12-07 8 LONDON, Tues. Silver showed gains of 2.3 to 2.2 pence per troy ounce. Dealers were broader than of late, although carries boosted turnover to 78 lots. On Monday, sliver on the LME gained 0.6 to 0.7 pence per troy ounce. The market was steady during the afternoon on modest172 words
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Article392 1977-12-07 8 THE KILOBAR In Singapore yesterday opened at 5512,197. Prices stayed at 5512,210 level throughout the morning session. In the afternoon, however, good buying support appeared and pushed grices to close higher at $12,223. In LONDON yesterday, the metal opened at US$l6O.OO/ 30 and closed at U*****.40/ 60. The London392 words
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Article54 1977-12-07 8 LONDON, Tues. Zinc finished the morning with losses of mostly £2. Sales of 4,600 tonnes were mainly carries. On Monday, zinc finished with losses of around £O.Si) per tonne. The market produced orily routine twoway trading In the absence of fresh physical demand and prices fluctuated narrowly In sympathy54 words
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Article69 1977-12-07 8 LONDON, Tues. Lead closed the ring with cash up £0.25 and Three Months down £0.50. Sales of 3,500 tonnes were boosted by carries. On Monday, lead on the day rose by C 2 for cash and £2.50 for Three Months. During the afternoon, values hardened on covering following Asarco's69 words
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MONEY AND EXCHANGES
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Article561 1977-12-07 8 THE US dollar took another pounding on the forex market yesterday, finishing some 150 points lower than the previous day against all major currencies. The greatest selling pressure was in London. The Deutschemark recorded the largest gains against the dollar. Early trading was quiet with the rate moving561 words
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Article52 1977-12-07 8 ACBG 7 tb Algemene Bank 7 Citibank .7 7 Bangkok Bank HSBC 7 Indoauez 7 Bank of China 7 Malayan Banking 7 Bank of Tokyo 7 Mitsui Bank 7 Bank Negara OCBC 7 Indoneaia 7 OUB Chartered Bank 7 UCB Chase Manhattan 7 L'MBC 7 DBS 752 words
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Article169 1977-12-07 8 Asian rates ASIAN currency deposit rates as at close on Dec 6: interbank 7 days 1 mth 2 mths 3 mths 8 mths 9 mths 12 mths US Dollar* (Spot) Offer BM 6 11/10 69/16 6 15/16 6 13/16 7 67/B 7l/» 7 7 3/8 71/4 7 7/16 7 5/16169 words
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Article52 1977-12-07 8 RANGE of prices offered by discount houses on Dec 8: Overnight 1S* to 3%% C«U deposit 3'M to 3%% Cloaisc Buying Selling 3-Month Treasury bills 3 1/4 3 1/1 3-Month Bank bills 4 7/8 4 3/4 3-Month CD 5 5/B 3 1/3 6-Month CD 5 13/16 3 13/16 Some:52 words
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Article106 1977-12-07 8 Euro rates LONDON, Tues. Light trading was recorded in Eurodollar deposits. Period deposits relinquished yesterday's small gains with the One, Five and Six Months quoted 1/16 below overnight levels. The overnight rate held steady around Monday's closing level of 6-5/8 6-9/16 while the Wed/ Thurs was bid 1/16 higher to106 words
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Article62 1977-12-07 8 ZURICH exchanges closing quotes on Dec 5: US 2 1210-1220 st( 3 8#32-8901 Can 1 #170-9183 D Mk 97 06-14 D F1 89 39-47 F W 43 9296 B Ft (con) 8 1529-1504 O Kr M 92-95 N Kr 39 81 04 S Kr 44 42-45 Ut 0 2423-242562 words
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Article170 1977-12-07 8 LONDON, Tues. The dollar dropped sharply against leading currencies in active opening trading, reaching new lows against the Swiss franc and the mark, dealers said. The yen moved towards 240.50 against the US currency from 241.50 at the Tokyo close and 241.90/ 242.05 here overnight, dealers said. Some Bundesbank170 words
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Article160 1977-12-07 8 NEW YORK, Tues. The dollar continued to lose ground against major currencies yesterday, as quotes were generally below weekend levels, although above the lows of the day, dealers said. Trading remained fairly active and nervous, they said, as the market reacted to developments in Europe. Sterling was volatile,160 words
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Article170 1977-12-07 8 TOKYO, Tues. The dollar for overnight delivery closed at 241.50 yen, down from a 242.50 opening and 242.65 at yesterday's close, dealers said. No central bank intervention was detected, they said. Trading volume was US$3ll million. The US currency weakened on selling from both foreign and Japanese banks, reflecting170 words
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Article130 1977-12-07 8 HONG KONG, Tues. The US dollar eased to 2.1835/45 marks In quiet trading from Its New York midpoint closing equivalent of 2.1877, after opening at 2.1860/70 and falling to 2.1825/35. The US unit also fell to 241.50/60 yen In fairly quiet trading from Its 242.54 New York closing midpoint130 words
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Article61 1977-12-07 8 AUSTRALIA/NZ exchanges on Dec 6: AUSTRALIA US dollar 1.1321/ 1.1273 Sterling 0 8214/ 0 6144 Ninety-day air mall buying rate*: Sterling 0 6378 U8 dollar 1.1008 Ninety-day forward buying rates: Sterling 0 8182 US dollar 1 1252 NEW ZEALAND: Sterling 0 MM/ 0 MM US dollar 1 0055/ 061 words
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Article48 1977-12-07 8 FRANKFURT exchanges opening quotes on Dec 6: US 2 1750/70 Can 1 9800/70 Stg 3 990/998 D F1 02.10/30 8 FY 102.87/77 Lit 2.47/48 r FT 44 95/45 08 N Kr 40 97/41 87 B rr eon 8 343/353 B Fr fin 8 31/32 Yen 0 9010/2548 words
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Article328 1977-12-07 8 LONDON, Tues. Trading in eurobonds continued quiet and prices were not much changed, dealers said. Eurobond prices quoted on Dec 6 Straight* Bid Offer Nippon Pud Bank 7*82 Unav Unav DSM (Holland) •*•7 Unav Unav BNDE( Brazil) 9% 84 97.75 98.25 Sweden 7* 82 M 25 99 00 Sweden328 words
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Page 8 Advertisements
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Advertisement385 1977-12-07 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.385 words
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TRANSPORT AND COMMUNICATIONS
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303 1977-12-07 9 AP LISBON, Tues. American lawyers said yesterday they had filed a lawsuit seeking $4 million In alleged damages from the Boeing Company for the children of two Portuguese who died In the crash of an airliner last month in Madeira. One hundredAP - 303 words
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270 1977-12-07 9 Reuter HOLLYWOOD, Tues. There is no settlement in sight on North Atlantic air fares but no great price war either. Major airlines resumed negotiations over their fares here yesterday. Informed sources said the meeting will probably end in a few days' time withoutReuter - 270 words
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79 1977-12-07 9 Reuter OTTAWA, Tues. Federal Transport Minister Otto Lang has approved construction of a $35.6 million container port for Halifax. Nova Scotia. Mr. Lang said the Federal Government will put $29.1 million towards the project and Nova Scotia will contribute the remaining $6.5 million. TheReuter - 79 words
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Article1429 1977-12-07 9 MICHAEL DONNE - AVIATION INSURANCE By MICHAEL DONNE FT THE world aviation Insurance market Ls at present I characterised by increasing competition for the avallI able business, with the result that rates are tending to drift downwards, although the premium Income Itself ls increasing as world airlines introduce greaterFT - 1,429 words
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Article, Illustration384 1977-12-07 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Seta war (2300) 19 Lumut (2100 after Telisai) 21 East Ocean Supply (B. Barge) (1200) 48 Palm Sea Horse (Tanker) (0800) 15/16 Straat Hongkong (1600 after Emily Star) 47 Ta Tong (BMBO) (2300) 27/28 Tamerlane (2100 after Clifford Maersk (Class I on384 words
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Article1251 1977-12-07 9 SHIPPING Is characterised by a cat and mouse routine with ship owners so hard t pressed that they are letting some of the ships remain Idle rather than operate them on a break even basis. Shippers are obtaining very good freight rates. It Is anticipated that there1,251 words
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Article792 1977-12-07 9 ARRIVALS Opera ZmrU Mr Numb m Lo^al w TIm Froa TMA TL304B 0630 TPB MAS MHB01 0713 kul MAS MH882 0810 KCH SI A 8Q101 0013 KUL MAS MH821 0030 PEN MAS MH007 0000 KUL MAS MH671 0945 FEN/KUL PAA PA$47 I02S SFO'HNL/OUM OIA GA980 2030 HLP792 words
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70 1977-12-07 9 AFP HAMBURG. Tues. Oil prices would have to increase two-or three-fold to make nuclear propulsion economical for merchant vessels, a shipping expert told a symposium here yesterday. He said it would take several years before this would become an economical proposition. There are atAFP - 70 words
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Article169 1977-12-07 9 UPI LONDON, Tues. North American grain loaders still managed to keep the TransAtlantic rate tone steady. The Naiad received the 10 cents firmer level of $5.60 (FIO) for a 57,500-ton midDecember shipment from the US Gulf to Holland, while the large bulker Sauda repeated $5.25 (FIO) forUPI - 169 words
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Page 9 Advertisements
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Advertisement171 1977-12-07 9 COLLKTINQ ORIENTAL fINTICWEJ 0 by Judith Moorhouse and Dries Blitz ra Hamlyn Group, London. Oriental antiques have always fascinated collectors t e w orl 5 > evokin as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive for the average collector. This171 words
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Article, Illustration536 1977-12-07 10 NYT CARACAS: Venezuela now has so much money that even cattle can afford to fly. Some 74,000 high-quality breeding cows have been flown here from Costa Rica, Nicaragua and Panama to improve local herds. The programme was begun 14 months ago and completed lastNYT - 536 words
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Article, Illustration1897 1977-12-07 10 A. H. HERMANN - Br A. H. HERMANN FT ALL indications are that the British Government intends to tighten up merger controls and to coordinate them at a European level. Doubts about the value of a further concentration of Industry by means of larger mergers, particularly ofFT - 1,897 words
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Article1585 1977-12-07 10 GEORGE E CRUIKSHANK - By GEORGE E CRUIKSHANK Vice President, Morgan Guaranty Trust Co. THE American dollar has been getting considerable attention In the press In recent weeks. Newspapers, which normally relegate financial news to the back Dage have been featuring stories about the dollar on page one.1,585 words
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Page 10 Advertisements
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Advertisement494 1977-12-07 10 Business Management in Penguins C The Debt Trap: Cheryl Payer The International Monetary Fund is the most powerful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their own economies and the role of IMF in frustrating these efforts.494 words
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325 1977-12-07 11 AFP HONGKONG, Tues. Government hopes to attract more foreign investments as part of the move to diversify Industry. Acting Commissioner of Industry and Customs Roy Porter disclosed this after a three-week Industrial promotion mission to West Germany, Switzerland and Britain. Several more European firmsAFP - 325 words
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Article, Illustration155 1977-12-07 11 ROLLEI Singapore has announced two new products the XL 8 Macro sound movie camera and the Rolleiflex SL 2000 still camera. The latter, however, is not yet available In Singapore. The XL 8 Macro Is a compact 8 mm movie camera, with eight element zoom155 words
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282 1977-12-07 11 Reuter LONDON, Tues. India's imports of oil and fats might again approach last season's exceptionally high level of 810,000 tonnes. The Hamburg-based weekly publication. Oil World, said Prospects for a repeat of last year's exceptionally high imports are Increasing with the declining crop prospects. AssumingReuter - 282 words
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248 1977-12-07 11 UPI WELLINGTON, Tues. Japan would not be allowed Into New Zealand's 320-km fishing zone through "back door" interests in South Korean fishing operations. Prime Minister Robert Muldoon said yesterday the government was aware that Japanese money was involved In some Korean fishingUPI - 248 words
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Article149 1977-12-07 11 A 12-MAN British trade mission of manufacturers of technical products arrived In Singapore from the Philippines on Saturday and will stay here until Dec. 10. Most of the mission members are already represented here. Mr. Eoin Mac Donald, the mission manager, is from the London Chamber of149 words
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358 1977-12-07 11 AFP Reuter TAIPEH, Tues. Taiwan, a major sugar supplier, will produce less than 800,000 tonnes In the 1977-1978 season. A senior official of the state-run Taiwan Sugar Corporation also said the production was below target because of typhoon damage to sugar cane plantationsAFP; Reuter - 358 words
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183 1977-12-07 11 Reuter TAIPEH, Tues. IMF officials praised Taiwan's economic achievements at the opening of a consultative meeting between Taiwan and the Fund. The praise came from the Fund's delegation head, Mr. Joachim Ahrensdorf. The first day of the meeting was taken up with an exchange ofReuter - 183 words
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238 1977-12-07 11 AFP KUALA LUMPUR, Tues. Primary Industries Minister Datuk Musa Hltam today suggested that Asean and the European Economic Community (EEC) hold Joint seminars to discuss commodities problems which confronted national communities. He said government officials of countries concerned as well as academicians coufd participateAFP - 238 words
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Article179 1977-12-07 11 UPI KATMANDU. Tues. The United States pledged yesterday to help Asia, depending upon economic recovery at home and an open world trading system. Michael Adler, the leader of the US delegation to the current meeting of the 24 Colombo Plan countries, said America willUPI - 179 words
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206 1977-12-07 11 AP TOKYO, Tues. The International Whaling Commission (IWC) today voted to raise the sperm whale quota In the northern Pacific from 763 to 8,444. The decision was approved 14-1, with France opposing, on the opening day of the two-day special session of the InternationalAP - 206 words
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211 1977-12-07 11 AFP KUALA LUMPUR, Tues. The Deputy Minister of Primary Industries, Mr. Paul Leone, yesterday celled on the Europeen Economic Community (EEC) to include palm oil in en export stabilisation scheme similar to thet of the Lome Convention. He seid the EEC should openAFP - 211 words
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Article128 1977-12-07 11 TONG HWA Realty Company, of Telok Ayer Street. Is the subject of a wind-up petition filed by the Official Receiver for non-payment of a claim for $280,000. This is the first time the Official Receiver has made such a move. The Official Receiver, in seeking a128 words
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730 1977-12-07 11 Agencies TOKYO, Tues. Bank of Japan Is considering raising the celling on funds made available through Its import finance credit system as a means of backing up government efforts to boost imports Into Japan. According to Bank of Japan officials, the bank willAgencies - 730 words
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327 1977-12-07 11 THE POST Office Savings Bank will soon introduce its new automated teller machines. These IBM computers are expected to cost about $80,000 each. These automated tellers will be able to do everything a human teller can take deposits, pay out withdrawals and pay bills.327 words
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Article104 1977-12-07 11 AFT TAIPEH, Tues. The second round of Talwan-US textile talks will open In Talpeh on Jan 23. A trade official said if the Talpeh talks were successful a new textile agreement would be signed to replace the existing one which will expire on Dec. 31. The firstAFT - 104 words
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Page 11 Advertisements
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Advertisement393 1977-12-07 11 A Major New Talent in Penguins Paul Theroux Paul Theroux, an American now living in London, has been acclaimed as one of today's major writers compared with Graham Greene and Joseph Conrad. The Great Railway Bazaar, his latest in Penguins is the true story of Theroux's railway odyssey from London393 words
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681 1977-12-07 12 Washington Star WASHINGTON. Tues. Big Federal spending increases and tax cuts will be needed to keep the economy growing vigorously over the next five years, congressional budget director Alice Rlvlln said yesterday. Even with strong boosts from tax and spending measures, it will beWashington Star - 681 words
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517 1977-12-07 12 COLIN CHEE - By COLIN CHEE WORK is expected to start soon on the delayed Arcade shopping complex at Raffles Place. Most of the loose ends that have held up work last year are being tied up now, it seems. It will be517 words
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369 1977-12-07 12 Reuter SYDNEY, Tues. The Malaysian trade mission Is leaving Sydney today after negotiations over a redrafting of its long-term sugar agreement with Australia stalled. The new sugar war Is being fought on basically the same grounds as in the recently settled dispute with JapanReuter - 369 words
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303 1977-12-07 12 THE director of civil aviation for Singapore, Mr. Tan Kwang Hung, yesterday opened the first meeting of the sub-committee of civil aviation and related services of the Asean committee on transportation and communications on an optimistic note. "It is my personal view," he said,303 words
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635 1977-12-07 12 SALMA KHALIK - By SALMA KHALIK LACK OF mutual understanding is the main reason for Singapore's failure to penetrate such markets as Japan and West Asia, said Mr. Willy Wong, a lecturer at this week's National Productivity Board (NPB) course on "Principles and practice of635 words
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252 1977-12-07 12 LONDON, Tues. Angry members of the House of Commons last night demanded a full-scale public inquiry Into who was responsible for a quaslgovernment agency losing £212«nllllon (SSB96 million) of taxpayers' money in "wild enterprises" on the stock market. Prime Minister James Callaghan's Labour252 words
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302 1977-12-07 12 WHILE most Industries In Singapore are making good progress towards metrication, the electrical and electronics Industry still leans heavily on the Imperial system because of the influence of parent companies. Metrication progress in this Industry consequently depends on the progress of conversion302 words
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348 1977-12-07 12 UPI Reuter TOKYO, Tues. Orders for industrial machinery in October plunged 48.1 per cent from the previous month to 224.1 billion yen (552.17 billion), the Japan Society of Industrial Machinery Manufacturers said. But the figure represented a 11.4 per cent increase over a yearUPI; Reuter - 348 words
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Article804 1977-12-07 12 LONDON, Tue. The market closed narrowly mixed but undertone was firm, dealers said. Turnover was small and at 3 p.m. the Financial Times Index was down 2.4 at 483.9. The continued slowdown In wholesale price Increases and a fall in the second quarter publicsector borrowing requirement prompted fresh804 words
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520 1977-12-07 12 Reuter HONGKONG. Tues. Orders for merchant ships received by UK yards will total well over half a million gross tonnes In 1977 against 405,000 last year, while the value of new orders will rise to £450 million (551.94 billion). The chief executive of BritishReuter - 520 words
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449 1977-12-07 12 AFP Reuter HONGfcONG, Tues. Norway will next week negotiate a new textiles agreement with Hongkong to replace the current one expiring at the end of this month. Export of 15 Hongkong product categories are restrained under the present agreement and It is believed thatAFP; Reuter - 449 words
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184 1977-12-07 12 THE INAUGURAL Concorde flight from Singapore to London on Dec 10, carrying 86 passengers, will be given a special send-off to the sound of clashing cymbals at the Paya Lebar Airport. Lion dancers and flag bearers from the Chin Woo Association, totalling some 60184 words
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130 1977-12-07 12 SHIPYARD owners urged the Government and ,the Singapore Association of Shipbuilders and Repairers (SASAR) yesterday to consider measures to raise the standard of workmanship among a few black-sheep shipyards and sub-con-tractors in the local shipbuilding industry. This would protect Singapore's image as a major shipbuilding centre,130 words
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