The Business Times, 8 December 1977

Microfilm: NL9610
Total Pages: 12
1 12 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, DECEMBER 8, 1977 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Lock icon New oil tax
      55 1 UPI TOKYO, Wed. The Finance Ministry has drawn up outlines for a new oil tax to cover the government's revenue shortfall In fiscal 1978, starting April 1. The Ministry's spokesman refrained from commenting on the rate but sources said it would be 3 to 5 per cent
      UPI  -  55 words
    • Article
      Lock icon Thailand's interest
      58 1 Reuter BANGKOK, Wed. Thailand Is keen to promote foreign Investment involving the import of capital and technology unavailable locally, as well as Investment in heavy industry, Prime Minister Kriangsak Chamanand said today. He was discussing the government's Investment policy with officials from the American, British, Australian, French, Japanese,
      Reuter  -  58 words
    • Article
      Lock icon Asean co-op body
      39 1 Reuter JAKARTA, Wed. Delegates from all five member countries of Asean have set up an organisation for the cooperatives movement within the association. The new body will be known as the Asean Cooperative Organisation (ACO). Reuter.
      Reuter  -  39 words
    • Article
      Lock icon UN staff strike
      34 1 AP GENEVA, Wed. About 1,800 employees of the United Nation European headquarters today began a one-day strike in protest of a revised pay structure due to begin next Jan. 1. AP
      AP  -  34 words
    • Article
      Lock icon Taiwanese curbs
      28 1 Reuter TAIPEI, Wed. Taiwan plans to restrict consumer goods import from Japan to reduce a deficit in Sino-Japanese trade, the Central News Agency reported today. Reuter
      Reuter  -  28 words
    • Article
      Lock icon Undersea cable
      38 1 AFP MANILA, Wed. The first phase In the setting up of the Philippines-Singapore submarine cable starts on Saturday with the laying of a shore-end cable in the Philippines' northern Luzon coast It was announced today. AFP.
      AFP  -  38 words
    • Article
      Lock icon No copper accord
      40 1 AFP JAKARTA, Tues. The three-day intergovernmental Council of Copper Exporting Countries (Cipec) conference held in Jakarta today failed to agree on a general production cutback to solve the deep recession of the world cooper market, -r- AFP
      AFP  -  40 words
    • Article
      Crash experts in
      52 1 KUALA LUMPUR, Wed. Two British accident investigation experts arrived at the scene of Sunday's Malaysian Airline System (MAS) Boeing 737 crash in Kampong Kupang near Johore Baru. British Prime Minister James Callaghan was among heads of state who today sent messages of -condolence to Prime Minister Datuk
      52 words
    • Article
      Lock icon Dow Jones
      53 1 UPI NEW YORK, Wed. Stocks headed lower early today amid Investors' uncertainties about the economy and Interest rates. Trading was fairly active. The Dow Jones industrial average was off 1.38 points to 805.53 shortly before 11 a.m. Declines led advances, 676 to 312, among the 1,485 Issues crossing
      UPI  -  53 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      185 1 TRADING was dull and marked by a singular lack of price range on the Stock Exchange of Singapore yesterday. However. Ayer Hitam Tin was the exception losing, a massive 55 cents to 18.45. Against this backdrop, The Business Times index fell by only 0.72 point to 477.02
      185 words
    • Article
      In Kuala Lumpur
      107 1 Foils Aokam 4.20 A. Hltam Tin 8.50 Intraco 2.01 D. Keramat 8.30 B. Raya 1.42 Sentosa 2.21 K.L. Ind 0.66 O.U Ent 1.22 Fusan 1.38 -.20 -.20 -.17 -.10 -.05 -.05 -.04 -.04 -04 Most active Fed Cables 215 non M Weaving ®2 000 O.Lumber «ooo O.
      107 words
  • Article, Illustration
    Fuel sales save foreign exchange
    832 1  -  LOCAL PETROL CONSUMPTION STABLE ■r JOHN TAN DOMESTIC consumption of petroleum products this year is likely to be about 7 per cent higher than 1976, industry figures reveal, but the Increase will not be spread evenly over the various petroleum products commonly used here. While
    832 words
  • Article
    Lock icon KL OIL HUNT IN S CHINA SEA
    218 1 AFP KUALA LUMPUR, Wed. Four foreign-associated oil companies are now carrying out offshore oil exploration in Malaysian waters In the South China Sea. Prime Minister Datuk Hussein Onn told Parliament today that they are Sarawak Shell, Sabah Shell Petroleum, Pecten Malaysia and Esso
    AFP  -  218 words
  • Article
    Lock icon Japanese beg US help for drooping $
    779 1 Japanese beg US help for drooping Agencies THE BANK of Japan plans l to ask the United States to protect the ailing dollar to I avert chaos overtaking the i international monetary system. Bank officials expressed concern over the threatened "collapse" of the European Joint currency float system or the
    Agencies  -  779 words
  • Article
    Extent of damage to HK economy
    199 1 HONGKONG, Wed. Hongkong's economy will suffer unless other industries and markets can compensate for cutbacks Inflicted on its textile industry under a new agreement with the EEC. Hongkong's Department of Trade said that the effects of the new five-year textile agreement initialled on Saturday
    199 words
  • Article
    MAS puts out adjusted flight schedule
    314 1 KUALA LUMPUR, Wed. MAS baa rescheduled its flight services tomorrow due to operational reasons. Hie flight* affected are as follows: MH 511 Kuala Lumpur/ Kota Kinabalu; MH 524 Kota Kinabalu/ Miri/ Kuching; MH 523 Kucbing/ Miri/ Kota Kinabalu; MH 512 Kota Kinabalu/ Kuala Lumpur;
    314 words
  • Article
    Docks face prospect of being left high and dry
    633 1  -  By RAHIM KASSIM LARGE drydocks In Singapore face a gloomy future and must attain extremely high standards of efficiency and productivity If they want to land new contracts. This Is the conclusion to be drawn from a recent study of present
    633 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      48 1 AKAI ML', K'iu =UMU liw ilii iwlwi i mm Overseas Newi/ TV Overwu Stocks -P7 Radio -PJ Commodities .pg Oversea* Newt/ Crwi- Transport A Coramu*ord» -P3 nications .p) Local Co. News -P4 Features -PlO International Co News -P5 Local ft Overseas Local Stocks -P6 News -Pi I, 12
      48 words
    • Advertisement
      Page 1 Advertisements Column 2
      15 1 Iced Cream. /< Harveys Bristol Cream. The best sherry in the world. lis Eastern Agencies !jp|
      15 words
    • Advertisement
      Page 1 Advertisements Column 3
      3 1 SEE BACK PAGE
      3 words
    • Advertisement
      Page 1 Advertisements Column 4
      114 1 <0> OKI AC2SOB PABX MKT MMEM I EFFICIENT TatepltoM SysftM tf Ttfay lINQAKRI 14 Shaw Road Singapore 13 Tel: *****1/*****7 12 nf Ti •c 9 a# 5 3® Flight Hostess Linlec Haskarn from Bangkok. Our afternoon service leaves Singapore every day at 4.05 p.m. You are in Bangkok at 5.45
      114 words
Page thumbnail Page 2
  • OVERSEAS
    • Article
      Lock icon Rough going on common fish policy
      247 2 AP BRUSSELS, Wed. Agriculture and fishing ministers of the European Economic Community ended two days of discussions yesterday, falling to make progress towards formulating a common fish policy. Mr. Antolne Humblet, the Belgian Farm Minister, said after the council meeting, the ministers would meet
      AP  -  247 words
    • Article
      Lock icon EEC summit ends with positive results
      587 2 Reuter BRUSSELS, Wed. The Common Market summit which ended here yesterday, although descending at moments to the level of an undignified haggle, achieved most of the tasks set for it. This is the general assessment of participants at the two-day heads of governments session,
      Reuter  -  587 words
    • Article
      Coal officials close ranks
      243 2 CHARLESTON, (West Virginia), Wed. Dissident officials of the United Mine Workers union yesterday pledged solidarity with the union's president, Arnold Miller, as the first day of the nationwide strike kept 160.000 members away from the mines. The last shift of workers stopped work at midnight. A
      243 words
    • Article
      Firms to face $2.4m bribery penalty
      241 2 WASHINGTON, Wed. The Senate yesterday approved legislation imposing US$l million (512.36 million) in fines on American corporations tkat bribe foreign government officials to obtain business overseas. The House of Representatives is expected to vote today to approve a Conference Board report on anti-bribery legislation.
      241 words
    • Article
      Lock icon Grain reserve scheme expanding
      552 2 Reuter WASHINGTON, Wed. US Agriculture Secretary Bob Bergland yesterday expanded the US grain reserve programme, making 1977 wheat crop, and 1976/77 corn, oats, sorghum and barley crop eligible for the reserve. Previously, only 1976 crop of wheat and rice already under loan or covered by a
      Reuter  -  552 words
    • Article
      Lock icon Cuba's sweet hopes
      298 2 Reuter HAVANA, Wed. Cuba yesterday said It expected a major increase in this year's sugar harvest, exceeding its export quotas to fellow communist countries and Its contracts under the lnter-natlonal sugar agreement. The official daily newspaper Granma said the high expectations were due to good weather conditions
      Reuter  -  298 words
    • Article
      Lock icon Firemen still have plenty of fight
      373 2 Reuter LONDON, Wed. Leaders of Britain's 36,000 striking firemen yesterday decided to press on with a nationwide stoppage now in Its fourth week In the face of stiff opposition from the government and lack of support from other unions. The executive of the Fire
      Reuter  -  373 words
    • Article
      Lock icon Back to work or face the sack . . .
      159 2 Back to work or face the sack Reuter LIMA, Wed. Peru's military government said the strike at the Cerro Verde state-owned copper mine Is Illegal and that those responsible will be sacked unless work resumes within the next 24 hours. Workers at the mine started an indefinite strike on Monday
      Reuter  -  159 words
    • Article
      Lock icon SPECTRE OF MASSIVE PRICE SPIRALS
      209 2 Reuter LONDON. Wed. The longer some commodity prices remain depressed, the surer and higher the future reaction in prices will be. Commodities Research Unit managing director Robert Perlman told a conference of the Society of Business Economists here that most non-fuel minerals and metal prices
      Reuter  -  209 words
    • Article
      Lock icon POOREST SADDLED WITH DEBT OF $423 B
      168 2 UPI GENEVA, Wed. The world's 45 poorest nations have a current total foreign debt of US$lBO billion (***** billion) with the amount steadily rising. The UN Conference on Trade and Development (Unctad) said yesterday in a meeting of North-South financial experts discussing the
      UPI  -  168 words
    • Article
      Lock icon Treasury to raise cash
      58 2 Reuter WASHINGTON, Wed. The Treasury said It will raise US$2OO million (***** million) in new cash at its weekly bill auction on Monday by selling $5.7 billion in securities to retire 5.5 billion of retiring bills. The Treasury said It will sell $2.3 billion worth of
      Reuter  -  58 words
    • Article
      Lock icon Experts differ on the cure for weak dollar
      824 3 NYT NEW YORK, Wed. The economic doctors emerge from the sickroom with radically different diagnoses and prescriptions for the weak dollar. Mr. Rlmmer de Vrles, International economist of the Morgan Guaranty Trust and editor of Its World Financial Markets says the dollar's
      NYT  -  824 words
    • Article
      Lock icon Marked economic upturn expected for France
      400 3 AFP PARIS, Wed. France can expect an improved growth rate next year If there Is no basic change in government policy, the Organisation for Economic Cooperation and Development (OECD) said today in an annual review of the French situation roughly three months ahead of
      AFP  -  400 words
    • Article
      Lock icon Engine economy runs out of steam
      180 3 Reuter LONDON, Wed. Dresdner Bank general manager and chief economist Kurt Richebacher said here the German economic recovery has run out of steam, the outlook for Is weak and patchy and the country has only gained price stability at the expense of profits. He
      Reuter  -  180 words
    • Article
      Lock icon Pemex will raise half of its capital needs
      178 3 Reuter PARIS, Wed. About half of the US$l6 billion (5537.8 billion) capital spending needed to develop the Mexican oil industry up to 1982 will be met through borrowing with the rest coming from its own resources, officials of the Mexican national oil
      Reuter  -  178 words
    • Article
      Trigger steel price decision very soon
      814 3 WASHINGTON, Wed. US officials say they expect the administration to settle on a trigger price for Its new antl-steel dumping procedure by year-end, ana duties may be Imposed 30 to 60 days from then. Japanese officials are to arrive today to help work out
      814 words
    • Article
      Lock icon US car industry plans onslaught against imports
      614 3 AFP AP DETROIT, Wed. Motor manufacturers here are planning a big offensive against foreign cars, particularly Japanese makes. The volume of imported cars Is up 40 per cent In 1977 compared with last year, reliable sources say. Their share of the domestic market
      AFP; AP  -  614 words
    • Article
      Lock icon Indonesia is top investor
      95 3 AFP NEW YORK, Wed. Japan was the number two foreign Investor in the United States after Indonesia In the 1976 fiscal year. Brazil came third. The New York subsidiary of Fuji Bank reports that Japanese firms made 1,652 direct Investments in this country in the period
      AFP  -  95 words
    • Article
      Lock icon A patchwork of global effort
      1151 3 AP LONDON. Wed. In the depth of the Oreat Depression, Mr. Franklin Roosevelt told Americans and the world in his presidential inauguration speech: "The only thing we have to fear is fear itself." More than 45 years later, fear Is again widespread fear of renewed
      AP  -  1,151 words
    • Article
      Lock icon External value of sterling may rise further
      307 3 Reuter LONDON, Wed. Further appreciation In sterling's external value la likely, Greenwell and Co chief economist Gordon Pepper told a conference of the Society of Business Economists. Sterling's position now recalls the position.in giltedged government bonds earlier this year with speculators being shaken
      Reuter  -  307 words
    • Article
      Lock icon Britain urged to reinvest oil cash
      197 3 UPI Reuter LONDON. Wed. Energy Secretary Anthony Wedgwood Benn warned yesterday that money raised by Britain's oil bonanza should be conserved until new energy sources are developed. He suggested that the cash should be used for public investment to solve the unemployment problem. He
      UPI; Reuter  -  197 words
    • Article
      Lock icon Balanced budget is still Carter's goal
      225 3 Reuter WASHINGTON. Wed. President Carter still alms for a balanced budget with reduced unemployment by 1981. White House deputy press secretary Rex Granum said the administration disagrees with a statement by congressional budget office director Alice Rlvlin that there is little chance of achieving
      Reuter  -  225 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      1026 2 China trade... a US$2O billion goldmine Here's how you can tap it In a series of bold moves, China's new leadership has embarked on an ambitious economic development program aimed at accomplishing the modernization of the country's industry, agriculture, technology and national defence. According to senior officials interviewed in Peking,
      1,026 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      351 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Dec 7 at Singapore airport. Maximum Temperature 29.5° C Associated Humidity 73 Minimum Temperature 23.0° C Associated Humidity 98 Hours of Sunshine 3.80 Rainfall in Millimetres Trace Total Rainfall for the Month 21.7 Total Rainy Days for the
      351 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      249 3 EASTCMSTHU Next to Katong Seaview Palace/Upper East Coast Road Located on elevated land in Katong Luxurious split-level houses facing the sea With individual front and rear gardens EAST COAST HILL stands on a 20-acre site oft Upper East Coast Road which is about 195 feet above sea-level... affording a magnificent
      249 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      634 3 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 4 Cool set (-(possession In a riotous mob, pal (6) 7 Though sailing Is not possible, refreshment Is certain (8) 8 It has all the right angles (6) 10 Outstanding front part (5) 13 Piece of writing (4) 14 James's quest (4) 15 Fine
      634 words
Page thumbnail Page 4
  • COMPANY NEWS
    • Article
      William Jacks plans massive surgery
      1428 4 WILLIAM Jacks (Malaya) Is actively reviewing the composition and viability of the group's business activities and will terminate operations that continue to present persistently disappointing performances. This was indicated by the new chairman, Mr. J.G. Qllmour In the Just released 1976/77 annual report following another
      1,428 words
    • Article
      Central Securities scrip issue
      148 4 DESPITE suffering from a profit setback for the year ended May 31, 1977, Central Securities yesterday announced an unchanged dividend of five per cent and a scrip issue of one-for-five. The proposed first and final dividend will siphon M 5593,555 while the scrip issue will capitalise
      148 words
    • Article
      Living with red mud
      680 4  -  Th® 'rod mu d" from bauxite waste is unsightly, but not poisonous. In return for the jobs and foreign exchange produced by Alcan's projected £280 million alumina plant in the West of Ireland, the Irish will almost certainly decide they can live with it. Giles Meritt
      680 words
    • Article
      Malaya Glass sees further growth
      462 4 BETTER demand coupled with increased operating efficiency were the main factors behind the higher profits turned in by Malaya Glass for the year ended July 30, 1977. "The upturn in the company's performance immediately after the recession and demand for soft-drink containers during the year
      462 words
    • Article
      PEOPLE IN BUSINESS
      59 4 UNTIL a successor to the late Mr Pang Tee Pow is chosen. Mr J.Y.M. Pillay will be the acting chairman of Sembawang Shipyard. Mr Ivan Ho has been appointed alternate director to Mr. D.S. Byera from Oct 26, 1977. to replace Mr Kim Kok Kwang who has
      59 words
    • COMPANY MEETINGS
    • Article
      LATEST RESULTS
      58 4 CHIN Teck Plantations: Group pre-tax profits $4.28 million ($2.85 million) for the year ended Aug 31, 1977. (Depreciation $182,033 ($186,808) and taxation 51.89 million ($1.20 million) leaving net profit of $2.21 million ($1.46 i million). Group sales $10.07 million ($8.43 million). Dividend declared 10 per cent making a
      58 words
    • Article
      DIVIDENDS ANNOUNCED
      368 4 Currant Ex Date Total for Total far payment Data payable theyaar previous year Austral Enterprises 1QSI Nov 15 Dec 0 10% 10% 20% Talam Mines 10%I Nov 15 Dec 9 RtkHyd PMC Riverriew Tisek Cement 20% Nov 22 Dec 10 30% 20.6% 17.5% 20% 7.5% 9% 7W%(J) Nov
      368 words
    • Article
      Lock icon Sports sale of the century
      214 4 UPI NEW YORK: Abercrombie and Fitch Co., the sporting goods em* porium, completed its US$B.5 million going-out-of-business sale on Tuesday and closed its doors after 84 years of serving statesmen and kings. At Abercrombie's Manhattan headquarters, where every US president this century except Jimmy Carter
      UPI  -  214 words
    • Article
      CHICAGO BOARD OPTIONS
      1333 4 December 6 Chicago Board Options Exchange volume was 121,327 contracts, up sharply from 67,344 on Monday. OPTION JAN APL JLY STOCK Alcoa Alcdh Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AUR AUR Avon Avon-p Avon Avon-p Avon Avon-p Bank Am Bank Am Bank Am
      1,333 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      534 4 J* THE IMPERIAL 9 ACHIEVEMENT This months new Penguins The Last Tycoon: F. Scott Fitzgerald Exhausted by Hollywood hackwork, Fitzgerald died I before he could complete the book that many people regard as his masterpiece. His bittersweet novel of Hollywood in the thirties is now a Paramount film due to
      534 words
Page thumbnail Page 5
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Preussag does not expect to make a profit
      375 5 EUROPEAN COMPANIES Reuter PREUSSAG said It does not expect to post a balance sheet profit In 1977 as a result of an exceptional profits fall since mid-year. A company spokesman said this indicates Preussag will be unable to pay a dividend for
      Reuter  -  375 words
    • Article
      Lock icon Roussel confident of staying private
      346 5 FT ROUSSEL Uclaf, the French pharmaceutical, agrl-chemical and toiletries subsidiary of Hoechst of Germany, has given an implicit vote of confidence in its continuation as a private company by deciding on a technical increase in capital. The company, which is on the nationalisation list of
      FT  -  346 words
    • Article
      Lock icon Crane accepts offer
      78 5 Reuter CRANE Freuhauf directors said they will accept Fruehauf Corp's latest offer of 100 pence in cash per Crane share In respect of their own shareholdings. A letter _to shareholders said the directors therefore feel unable to advise share- holders to reject the Freuhauf offer. They added
      Reuter  -  78 words
    • Article
      Lock icon Owens cuts back on TV output
      162 5 NORTH AMERICAN COMPANIES Reuter OWENS-ILLINOIS Joined other US manufacturers In announcing a cutback In television set production and the layoff of about 500 people. The company said It would reduce production of glass components used in finished sets at plants in Columbus, Ohio, and
      Reuter  -  162 words
    • Article
      Lock icon Move on insider loans
      91 5 Reuter THE Treasury's Comptroller of the Currency proposed rules which would ban five Insider transactions Involving loans and trust department fees. The proposals would ban extensions of credit on preferential terms to executive officers, to directors, significant shareholders or companies they control and to Immediate families
      Reuter  -  91 words
    • Article
      Lock icon Hudson's
      33 5 Reuter HUDSON'S Bay Oil and Gas Co said It raised its quarterly dividend to 40 US cents from 38 cents, payable on Jan 27 to shareholders on record since Dec 31. Reuter.
      Reuter  -  33 words
    • Article
      Lock icon Rabobank negotiates for stake in Van Lanschot
      272 5 FT THE large Dutch co-opera-tive banking group, Rabobank, is negotiating to take an interest of 25 per cent in the Dutch wholesale bank Van Lanschot, In which National Westminster already has a 25 per cent stake, which it will retain. Nat West has
      FT  -  272 words
    • Article
      Dunlop
      46 5 DUNLOP Holdings and Pirelli slened two new technological cooperation accords with the Soviet Union State Committee chairman for science and technology, Dzermen Gvlshianl, said. The new agreements provide for the exchange of know-how in tyre production, technical rubber products and the manufacture of steel cord.
      46 words
    • Article
      Lock icon Deere earnings will be hit
      283 5 Reuter DEERE and Co said fiscal 1977 earnings were affected by foreign currency fluctuations, fourth quarter production delays, start-up costs on its new line of farm tractors and higher labour and material costs. The company earned 76 US cents a snare In its fourth quarter
      Reuter  -  283 words
    • Article
      Lock icon Radials will lift Firestone
      189 5 Reuter FIRESTONE Tire and Rubber Co said steady growth in the radial tyre market, estimated at 6 per cent in 1978 and continuing over the next five years, should affect earnings favourably. In the replacement market, radials will account for 43 per cent of passenger tyre
      Reuter  -  189 words
    • Article
      Lock icon New GTE info system
      87 5 Reuter GENERAL Telephone and Electronics Corp Introduced an information and communications system for the securities and commodities Industries. It said the system, called GTE Financial System One, can display Information available to the public from several date bases plus Information from a firm's in-house data base
      Reuter  -  87 words
    • Article
      Lock icon Strikers stay put
      290 5 AP ALTHOUGH Lockheed employees are anxious to return to work before the Christmas holidays, they will remain on strike until key issues are settled, their union president said. "The longer we stay away from the bargaining table, the harder it will be to get people back to
      AP  -  290 words
    • Article
      Lock icon Schering group sales higher
      416 5 FT SCHERING. the West Berlin-based pharmaceuticals and chemicals company with 140 world-wide plants and subsidiaries, reports that group sales at the end of September were up 4 per cent to 1.6 billion deutschemarks over the same period last year. Although this marks a considerably slower turnover
      FT  -  416 words
    • Article
      Lock icon Siemens venture
      105 5 Reuter SIEMENS said It and Corning Glass Works of Corning, New York, have agreed to set up an equal Joint venture, Slecor Optical Cables of Horsheads, New York, which will operate In the field of light wave conductor cables. It will Initially market in the US products of
      Reuter  -  105 words
    • Article
      Lock icon Taiwan Corp secures loan
      112 5 ASIAN COMPANIES UPI THE state-run Taiwan Machinery Manufacturing Corp has secured a US$ll million loan from two American banks for the construction of a copper melting plant, company sources said. The loan was extended by the Continental Bank and the Rainier National Bank under the guarantee
      UPI  -  112 words
    • Article
      Lock icon Hutchison
      48 5 Reuter TRADING in the shares of Hutchison International and Hong Kong and Whampoa Dock Co on Hongkong stock exchanges has been suspended pending flnaUsation of their merger into Hutchison Whampoa. Trading In Hutchison Whampoa's ordinary and participating preferences shares is expected to begin on Jan 2. Reuter.
      Reuter  -  48 words
    • Article
      Lock icon Swire makes bid for Cons Prop
      171 5 Reuter SWIRE Properties and Consolidated Properties and Stores said Swire Properties will bid HK$6.7O a share for Consolidated Properties' 13.92 million $2 nominal shares issued capital. They said in a statement Consolidated Properties chairman Naraln and other shareholders holding about 55 per cent of
      Reuter  -  171 words
    • Article
      Lock icon Euroloans for TCI, NPC
      95 5 Reuter A SEVEN-YEAR US$25O million Euroloan for Telecommunications Company of Iran (TCI) and an eightyear $310 million Euroloan for National Petrochemical Co of Iran (NPC) were signed jointly here. Chase Manhattan said as lead manager. The TCI loan carries a split rate of 7/8 per cent
      Reuter  -  95 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      211 5 There are now 173,709 households on our circulation list >s v X v X -u V' o* "1 V': <.-♦ -V* U« v V-*' X v •> >. r, > \^s v. Straits Times latest circulation now stands at 173.709 an amazing increase of 10.000 copies over 12 months The
      211 words
Page thumbnail Page 6
  • Article
    Share Information Service
    2315 6 11 High 177 Low CMMUT Last Sale +OTGr's Gr'i Net div Dhr y'ld P/E c'rr Vol Day COM) High Low SECTION ONE INDUSTRIALS 154 204 118 248 88* 205 189 259 422 148 134 185 58 212 57* 155 152 182 350 91 Acma Alcom Allied Choc
    2,315 words
  • Article
    Transactions in Singapore
    1231 6 BID and offer print •Olciatty n [Bit i iiiitnl to th. Stock Bnkun ofStnga*«re yeatarday with tho *«atar of •karaa traded iW«i to brackets la toto of 1,000 units uatoea «tWwi M specified. All TWa 8 att lament Cm tract* tn quoted after Um wort "Sett." Big
    1,231 words
  • Article
    In Kuala Lumpur
    1300 6 BID and offer price* officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets tn lots or 1,000 units unless otherwise specified. INDUSTRIALS AJlrwmets (2228). Alssm (1.098 1.738). A. C*ws (1 088 1 068)
    1,300 words
  • Article
    Stock options
    67 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 bracketa. C and C (Dec $2.30) (0.245). Warch 12.30) (0.278 0.305) (1) 0.29. DBS (Dec $3.60)
    67 words
  • Article
    Unit trusts
    155 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Maaagata' prici m tar Dm St (Carnal pr was) The Commerce 1.77 1.66 INCOME BOND 109 1.13 1 The Saving Fund 1 06 1 12 MARA BUMIPUTRA FUND S pore Prof Fund 0 84 0.66 (Maaagaea prlca First Bumtputra far Dae 6)
    155 words
  • Article
    CORPORATE BONDS
    126 6 B O T 8 1/2% l«4l (100,000) 1100%8 101*8) I O T 7 5/8% 1984 (100.000) (978 97HS) B O T Floating 1984 (100,000) (98*B 995) LTCB J 1982 (100,000) (96H8 99*8) Credit Lyonnais Floating 1983 (100.000) (97*8 98*8) DBS Converts C 1/2% 1991 (100.000) (968 975) D
    126 words
  • Article
    GOVERNMENT BONDS
    136 6 B®P Spore D Mark 7% I*2 (100.000) (102 KB 103%8) ®*P #r 1/2* I*B3 (100,000) (102 KB 1038) ®*P 8p re 7 3/4* 1987 (100.000) (99W8 100*8) Electric Convert. 3/8*1992 (100,000) (978 988) C Itoh Guaranteed 8 1/8* 1984 (100.000) (97K8 988) 4 3/4* 1/5/79 (250.000) (100.SOB 100.568)
    136 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      663 6 r, <*) 0.87|. sinQapura FORUM jj|l HOTEL 4 Ovruon of m«w Co*tin«nt»l Hot«H 585 Orchard Road, S'pore 9. Tel: *****2 Pebble Bar Experience the unique expression of Tania Great Sound Big Show You'll love the dynamic and versatile Tania favourttes. rat>le yeSter hUs and toda > r s Only happens
      663 words
Page thumbnail Page 7
  • Article, Illustration
    LETHARGIC TRADING
    669 7 LETHARGIC trading ruled f« the greater part of the day with prices drifting generally lower at the Stock Exchange of Singapore yesterday. Turnover went below the two million unit mark to touch 1.84 million for a value of $$3.58 million in contrast to Tuesday's volume of 2.07 million
    669 words
  • Article
    KLSE TONE EASIER
    301 7 AN easier tone amid light trading was noted at the Kuala Lumpur Stock Exchange yesterday. Profit-taking and nervous liquidation by market operators were two factors which accounted for this trend. Industrial lower-liners absorbed the bulk of yesterday's activities but price ranges were generally narrow. The presence of
    301 words
  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      323 7 HONOKONO: The market was little changed tn very dull, featureless trading yesterday, dealers said. The Hang Seng Index fell 0.76 point to 421.09. Hong Kong Land eased 10 cents to 6.80 and Jardine Matheson 10 to 13.10 whUe wheelock firmed 2.5 cents to 2.45. Hongkong Bank and Swire Pacific
      323 words
    • Article
      Tokyo
      470 7 TOKYO: Share prices fell sharply In light trading yesterday following the dollar's decline abroad and the fall on Wall Street, dealers said. The Dow Jones average lost 70.76 to close at 4.815.92. with volume of 220 million shares. The New average fell 4.51 to 359 56 Export orientated Issues,
      470 words
    • Article
      Sydney
      406 7 SYDNEY: The market closed mixed yesterday with some leading stocks easing and second liners firmer, dealers said. The Sydney All-ordtnarles Index rose 1.62 points to 450.88. Falls in London saw BHP dropping four cents to A»5.66 and banks easier. Uraniums rose from morning lows, with Pancontinenlal rising 30 cents
      406 words
    • Article
      Manila
      176 7 MANILA: All sectors posted gains on cheap buying yesterday. with turnover falling slightly to 4.24 million pesos from Tuesday's 4.58 million, dealers said. Marinduque and A Atlaa led the mining sector, closing 19 and 10 points higher respectively, while In oils, Local TranaAaia rose one oolnt and other oil
      176 words
    • Article
      Bangkok
      120 7 DEC 87 BahU Asia Fibre 240 -ie Bangkok Bank 37# -2 Bangkok Invest. 328S Bangkok-Metro-politan Bank 3510 unch Bata 700 -IS Berll Jucker 546 -8 CharoongThal Wire 296 -18 Dumex DusltThanl 328S Faber Merlin First Trust 306S Oenera Finance 352S In do-Thai Industrial Finance Corp 2105 -30 J And
      120 words
    • Article
      Amsterdam
      311 7 AMSTERDAM: Shares were weaker on a board front on Tuesday mainly due to the weakness of the dollar, bourse sources said. Unilever and Royal Dutch led declines In Dutch internationals, while Hoogovens closed unchanged. In the rest of the market losses were led by Van Ommeren, Nedlloyd, KLM and
      311 words
    • Article
      Brussels
      148 7 BRUSSELS: Most Belgian shares closed lower in active trading on Tuesday, bourse sources said. Cobepa rose, but Reaerve. Sofina, Electrafina, Union Miniere, FN, Cockerill, Teaaenderlo and CUbecq all fell. In foreign stocks. UK and Dutch were little changed, Germans dropped slightly and US and French fell. Gold mine shares
      148 words
    • Article
      Frankfurt
      310 7 FRANKFURT: Share prices closed up to three marks lower on Tuesday as confusion on the foreign exchange markets caused Investors to hold off while the volume of offers rose dealers said. f Preuaaag lost 11 marks after indicating no dividend for this year while Manaesuann fell 3 70 following
      310 words
    • Article
      Milan
      163 7 MILAN: The market closed Irregular in moderate trading on Tuesday, dealers said. Towards the close some recently oversold stocks recovered slightly, but genetal prospects are cloudy, owing to Increasing unwinding of positions. There were heavy losses for Liquigas common and preferrence shares while Falck, Bit. Ercole Marelli, Stet, SaflTa,
      163 words
    • Article
      Paris
      348 7 PARIS: Shares fell after a one hour delay In opening on Tuesday due to a union meeting for bourse personnel which decided to stop quotations yesterday between 12.30 p.m. and 3.30 p.m. local time, bourse sources said. Kleber fill sharply by the maximum permitted and was withdrawn. In foods.
      348 words
    • Article
      Zurich
      288 7 ZURICH: The market drifted lower in light trading on Tuesday. reflecting the continued weakness of the dollar and the decline on Wall Street. Export oriented stocks were particularly affected with bearer shares of Ciba-Gcigy. 8a ndoi, BBC and Fischer markedly lower. Von Roll, Aluiiilim and Nestle lost also ground
      288 words
    • Article
      Jo'burg
      391 7 JOHANNESBURG: OokJ shares closed up to 100 cents higher on Tuesday In moderately active trading on overseaa and local Interest following higher bullion indications, dealers said. Financial minings advanced in line with producers, while eslewhere Dv Dun fluctuated narrowly to close unchanged at MS cents Copper share Messina rote
      391 words
    • Article
      Toronto
      346 7 TORONTO: Share prices closed sharply lower on Tuesday as oil Issues led a broad retreat in active trading. The Composite Index was off more than 11 points, Its largest single day's decline since July 27. The oil and gas index, off 30 points, and weaker management companies posted their
      346 words
    • Article
      New York
      1173 7 NEW YORK: Stocks suffered their sharpest loss since July in moderately active trading cm Tuesday. Analysts said while Investors were concerned, among other things, about the coal strike that started on Tuesday, the weakness of the dollar and the unresolved question of the energy bill, the main problem
      1,173 words
    • Article
      Indices
      69 7 FINANCIAL TIMES INDUSTRIALS Tuesday 482 o Monday 486 3 Week Ago 474.1 DOW JONES AVERAGE INDUSTRIALS Tuesday 806 91 Monday 821 03 Week Ago 827.27 LONDON DOLLAR PREMIUM Tuesday 96 to 97* Monday 97 to 97* H.K. HANG SENG Tuesday 421 85 Monday 421.13 Week Ago 418.16 SYDNEY INDUSTRIALS
      69 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      391 7 mgjjg, ■SINGAPORE Tanglin Circus, S'pore 10. Tel: *****1 Brasserie La Rotonde Speciality de Cafe Expect the unexpected! Daily specials that are as fresh as a new dav Today 's special could be meat. Or seafood Even hors d oeuvres. But whatever it is it s how* prepared as only our
      391 words
Page thumbnail Page 8
  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      504 8 PRICES In the Singapore rubber market yesterday were raised one cent at the outset following slightly steadier London advices. The rise, however, was short-lived as values fell back on lack of followthrough buying and some up-country selling in quiet trading, dealers said. The morning session
      504 words
    • Article
      Closing prices
      28 8 Rubber: Dec 7 Singapore: December 200.00 cents (unchanged) Malaysia: January 201.75 cent* (up 0.25 cents) Tins: $1,760 (down $24,375) Official offering: 250 tonnes (up 10 tonnes)
      28 words
    • Article
      RAS PRICES
      364 8 Prices In cents per kilo yesterday Noon (per kilo) Cloie (per kilo) Int 1 R.S.S. prompt f.o.t Int. 1 R.S.S. December Int. 1 R.S.S. January Int. 2 R.S.S. UK/Cont Int 3 R S.S UK/Cont Int 4 R S.S UK/Cont Int. 5 R.S.S. UK/Cont. Buyers" i. 199 50 200
      364 words
    • Article
      SSR AND SMR
      111 8 NOON SSR and SMR prices yesterday: HAS December (Current Mth) Buyers Seller* 1 cents per k<) January (Forward .Mth) Buyer* Seller* (cent* per kg) SSR 20 SSR 50 11-ton pallet) (1-ton pallet) 194 50 196.50N 192 50 194 50N 195 50 193.50 197 50N 195 50N MRF.LB
      111 words
    • Article
      Rice
      119 8 HONGKONG. Wed. The market was quiet with prices up to 30 cents lower, dealers said. Turnover totalled 415 tons comprising Thais 141, Kwangtungs 176 and Australias 98 tons. Arrivals were 440 tons of Thais and 400 tons of Kwangtungs. (Prices in HK dollars per plcul exgodown) Thai White: 100
      119 words
    • Article
      Produce prices
      499 8 LIGHT trading took place in mixed price conditions at the Singapore produce market yesterday. Pepper continued to lose ground with all but one of the grades quoted $2.50 per picul lower by the Singapore Chinese Produce Exchange. Only Lampong black ASTA NLW held steady at $325 per picul.
      499 words
    • Article
      Coffee
      347 8 LONDON, Wed. Terminal coffee closed the morning barely steady £22 up to unchanged. Volume totalled 1,886 lots including seven options and around 900 lots of self trades. Dealers said prices had fluctuated under local Jobber and dealer trading having failed to extend earlier gains. Futures at the opening had
      347 words
    • Article
      Palm oil
      73 8 C I F. Rotterdam. US dollars per ton LONDON Timdty Previou* Malaysian 5% ffa bulk Feb Sumatra 5% f fa 460 sir 460 sir Dec Jan Feb March April Nigerian 5% /fa bulk Sumatra 505/510 pd 485 pd 472 4 pd 475 pd 452 1 V457 Vt unq
      73 words
    • Article
      Straits tin
      216 8 THE STRAITS tin price In Penang yesterday fell M 524.375 to M$ 1,760 per plcul on an official offering up 10 tonnes to 260 tonnes. Values fell back following easier conditions on the London Metal Exchange on Tuesday and on higher turnover, dealers said. However, some lower level
      216 words
    • Article
      Cocoa
      195 8 LONDON, Wed. Terminal cocoa finished the first call £1 per tonne down from last night to £8.50 up, having initially traded 114.50 higher against New York in near March at CI, 939 Some of the cocoa coming forward from the Ivory Coast and the Camerouns was reported by market
      195 words
    • Article
      Sugar
      245 8 LONDON, Wed. Terminal sugar opened £1.25 to £1.75 higher than yesterday afternoon's closing r levels and sales totalled 693 lots. Dealers said the market opened higher following the relatively high prices paid for nearby shipment Dominican Republic raw sugar last night. Theorise touched off some stop-loss orders, and when
      245 words
    • Article
      Hongkong comex
      208 8 HONGKONG, Wed. Sugar futures closed slightly firmer with gains ranging from 0.08 to 0.10 US cents in dull and featureless trading, dealers said. Most traders said they expect the market to fluctuate narrowly at current levels, at least until yearend. The Hongkong dally spot sugar price increased 0.35
      208 words
    • Article
      SPOT PRICES
      200 8 YARN and cotton In Hongkong dollars, spot ex-godown: Cotton Yarn. China Blue Phoenix 20 s 1.850. 32 s 2.065. 40 s 2.180 (per bale of 400 lbs). Piece Goods: China Butterfly and Globe Brand urtq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Oeeae unq
      200 words
    • Article
      Soybean
      107 8 CHICAGO, Wed. After ranging to either side of the previous close, soybean futures yesterday firmed to finish Just off the day's highs with gains of US 1-Vt to 4-Vt cents a bushel. Prices firmed early on short-covering and crush spread buying against products, but weakened under professional selling and
      107 words
    • Article
      Wheat
      57 8 CHICAGO, Wed. Wheat futures yesterday posted gains of US to three cents a bushel at the close. Trading was light through most of the session, with prices firming early as opinions that Mon- day's decline was excessive generated short-covering and speculative buying. Additional speculative buying was stimulated by commercial
      57 words
    • Article
      Copper
      370 8 i LONDON, Wed. Copper i wire bars finished the mornr ing with all round gains of J £3 per tonne. < Dealers said prices were restrained on the pre- market by higher sterling but a steadier tone emerged on small covering prompted i by the Zambla/Peru/Zalre I Joint agreement
      370 words
    • Article
      Silver
      176 8 LONDON, Wed. Silver gained 0.4 to 0.3 pence per troy ounce. Steadiness was aided by higher gold, but trading Interest was very low with carries accounting for about half turnover of 20 lots. On Tuesday, silver closed on the LME with gains of 1.0 to 0.9 pence per troy
      176 words
    • Article
      Gold
      366 8 THE KILOBAR in Singapore opened at 5112.176 which was the low of the day. With continuous buying support, the market was bidded up to close at a high of 5512.239. In LONDON yesterday the metal opened at U*****.90/20 and closed at US$l6O.BO/10. The London morning fix was U*****.50. down
      366 words
    • Article
      Lead
      76 8 LONDON, Wed. Lead on the morning rose by CO 75 for cash and C 0.25 for Three Months. Sales were 2,475 tonnes. On Tuesday, lead gained C 0.75 for cash and C 0.25 for Three Months. The market was steady during the afternoon on scattered short-covering but the bulk
      76 words
    • Article
      Zinc
      68 8 LONDON, Wed. Zinc finished with gains of f1.50 for cash and C 0.50 for Three Months. Dealers said the metal was steady In sympathy with copper but fresh trading interest was low in the absence of physical activity. Only 775 tonnes changed hands. On Tuesday, zinc finished with losses
      68 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore Market
        516 8 THE US dollar fluctuated erratically against most of the major currencies yesterday on the local foreign exchange market. The yen opened strongly at 240.60/70 to the dollar, but before lunch time it had weakened to 241.05/20. It gained ground In the afternoon to touch 240.60/70. before London's opening
        516 words
      • Article
        Minimum lending rates
        44 8 ACBG Algemene Bank 7 Bangkok Bank 7 HSBC Bank of America 7 Bank of China 7 Bank ofTokyo 7 Malayan Banking 7 Bank Negara Indonesia 7 OCBC OUB •v, Chartered Bank 7 UCB Chaae ManhatUn 7 DBS 7 UMBC COB 7
        44 words
      • Article
        Asian $ rates
        161 8 Asian rates ASIAN rates as currency deposit interbank at close on Dec 7: U8 Mian (Spot) 7 days 1 mth 2 mths 3 mlhj mths 9 mths 12 mths Offer Bid 9/16 6 7/16 6 13/16 6 11/16 7 6 7/6 7 7/16 7 5/16 7 1/2 7 3/6 1
        161 words
      • Article
        Discount
        40 8 ,,ere<1 by dlscount Overnight is* to 3M% Call deposit 3S* to 3*« 3-Month Treasury bills 3-Month Bank bills 3-Month CD 6- Month CD Ctatiai Buy 3* 4% 5 9/18 5'4 Selling 3* 4* 57/16 S% Source: National Discount Co
        40 words
      • Article
        Euro $ rates
        139 8 Euro rates LONDON, Wed. Trading was quiet at the outset, dealers said. Near-term period deposits opened up to 3/8 lower because of the Friday dealing technicality, and have shown little change since. Rollover and Far Eastern interest was small, dealers said. The overnight firmed by 1/8 to 6-11/16 6-5/8 In
        139 words
      • Article
        Treasury bills tender
        40 8 THE Monetary Authority of Singapore Invites banks and discount houses to tender a total of Ss2o million of 91-day Treasury bills to be Issued from Dec 12 to 16. Each tender must not be less than $250,000
        40 words
      • Article
        London
        170 8 LONDON. Wed. The dollar resumed its downtrend against leading currencies in erratic and thin trading, but steadied slightly from early lows, dealers said. It fell at one stage to 2.1065/85 Swiss francs from 2.1285/1305 overnight, but staged a partial rally to 2.1130/40. Against the mark, it fell to 2.1560/80
        170 words
      • Article
        New York
        145 8 NEW YORK, Wed. The dollar yesterday closed off its best levels of the day, as morning gains on developments in Europe and West Asia were eroded in the afternoon. Reports that the United Arab Emirates would no longer accept oil payments in dollars, but rather was seeking payments
        145 words
      • Article
        Tokyo
        194 8 TOKYO. Wed. The dollar for overnight delivery closed higher at 241.35 yen compared with its 241.00 opening. but remained below the 241.50 at yesterday's close, dealers said. The Bank of Japan bought an estimated $10 million at 240.50 yen in early trading to stem an Initial fall, they said.
        194 words
      • Article
        Hongkong
        125 8 HONGKONG. Wed. The US dollar fluctuated at the lower levels in thin trading after extending its overnight New York decline, dealers said. They said that trading was nervous In thin condition. with the dollar fall occurring despite remarks by West German Finance Minister Hans Apel that he believes the
        125 words
      • Article
        Australia/NZ
        57 8 AUSTEALIA/NZ exchanges on Dec 7: AUSTRALIA US dollar 1 1336/1 1288 Sterling 0 #221/0 #151 Nlnety-<lay air mall buying rates Sterling 0 6391 US do&r 1 1621 Ninety-day forward buying rate*: Sterling 0 6195 US dollar 1.1267 NEW ZEALAND Sterling 0 5505/0.5475 US dollar 1 0053/0 9953 Ninety-day forward
        57 words
      • Article
        Zurich
        75 8 ZURICH exchanges closing quotes on Dec 6: US 2.12 75 1295 Stg 3 8806 #847 Can 1.9123 9137 D MK 97.81 71 D El 90 14 3# F Ft 43 98 44 03 B Fr 6 1895 1970 D Kr 35.18 23 N Kr 40 02 06 S Kr
        75 words
      • Article
        Frankfurt
        49 8 FRANKFURT exchanges opening quotes on Dec 7: US 2 1570/90 2 1775/90) Can 1 9670/9700 5tg3.94/96 D PI 92 40/50 S Fr 102 30/40 Lit 2 466/476 F Fr 44 78/8# N Kr 40 *7/41 07 B Fr (com» 6 341/351 B Fr (finl 26'28 Yen 0 *960/75
        49 words
      • Article
        Eurobonds
        349 8 LONDON, Wed. Sterling eurobonds were lower with first time dealings In three new issues today, dealers said. Eurobond prices quoted on Dec 7: Straight* Bid Offer Walter Ktdde8">8S 96 25 Pemex 982 M 00 IU Overseas Finance «7. 87 75 New Bruntvick 8 84 M SO Selection Trust SN
        349 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      147 8 Don't let the language barrier stop you from wider contacts I #p Jp a^ d <* eX t e* d r "S YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travelling in fact anywhere and any time that suits you. Possess ing a second or third language
      147 words
Page thumbnail Page 9
  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon Run is on to beat the winter
      282 9 UPI OTTAWA, Wed. Many of the 133 sea-going ships trapped In the Oreat Lakes by bad weather may be forced to winter In Canada when the seaway closes on Dec. 15, Paul Normandea, president of the St. Lawrence Seaway Authority, said yesterday. *'ii
      UPI  -  282 words
    • Article
      Lock icon Authorities blamed for MAS crash
      182 9 Reuter HONGKONG, Wed. International pilot leader Derry Pearce said today that the main blame for the crash of the hijacked Malaysian plane lay with the Malaysian authorities because of inadequate security measures. Captain Pearce, president of the International Federation of Airline Pilots Association (IFALPA), told
      Reuter  -  182 words
    • Article
      Lock icon London freight market
      258 9 AP LONDON, Wed. Time charter activity heavily outwelghed single voyage business on the London freight market yesterday with Chinese. Portuguese and Polish interests featuring promlnantly. The Polish Steamship Co., for Instance, booked a 57,747-dwt loader and a 58,902-dwt loader for the Trans-Atlantic round voyage after early December
      AP  -  258 words
    • Article
      Pacific routes tipped as money earners
      693 9  -  »r TERESA LIM ORIENT 'Airlines can look forward to growth over the next few years, but this will be tempered by escalating fuel, labour and other operational costs. The Pacific area, however, looks set for firmer progress than most of the other established International
      693 words
    • Article
      Lock icon Talks to seal UK ship deal put off
      360 9 Reuter LONDON, Wed. British Shipbuilding (BS) yesterday, postponed the departure for Poland of two officials who were to have put the finishing touches to a multi-million sterling Anglo-Polish shipbuilding deal. A spokesman for the state-run holding company said there were a "couple
      Reuter  -  360 words
    • Article, Illustration
      IN PORT
      306 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge SC 168Z (1000 alongside Chidambaram) 42/43 Bunga Seta war (1400 subject free board) 19 Chidambaram (0900) 42/43 Hero No. 1 (Tanker) (1000 after Ocean Supply sails) 48 Ibn Rushd (0630 after Neptune Jasper) 33/34 Kelyo Maru Car Carrier BJVT (1300) 35/30 K1
      306 words
    • Article
      KNUTSEN LINE
      195 9 KNUTSEN Line Is Incorporated In Norway. It Is a company that has continuously developed to meet the changing shipping needs of the world. v It provides worldwide services, connecting contl*nents via regular routes, therefore giving shippers the dependability they want for efficient trade. Knutsen's service plies between the
      195 words
    • Article
      Lock icon Rise in ship demolition prices
      136 9 AFP LONDON, Wed. Prices {>ald by Taiwanese demotion ship yards for turbine tanker tonnage last week topped the US$lOO per light ton displacement-mark for the first time since August, Lloyd's List, the Influential shipping dally, reported yesterday. A 45,000 ton deadweight steam tanker 11,859 light
      AFP  -  136 words
    • Article
      Lock icon First for London
      76 9 AFP LONDON Wed. London will shortly be the world's first capital with a direct underground train service between the city and an international airport. On Dec 16, Queen Elizabeth is scheduled to open the new subway station "Heathrow Central" 40 minutes away by train from Piccadilly Circus
      AFP  -  76 words
    • Article
      Lock icon Move to boost Canada's domestic tourism
      192 9 Reuter OTTAWA, Wed. The air transport committee of the Canadian Transport Commission yesterday recommended introduction of the so-called Advance Booking Charters between cities In Canada to encourage domestic tourism. The ABC charters, already available on International flights, allow Individuals to buy tickets on chartered
      Reuter  -  192 words
    • Article
      Lock icon Air France admits to Concorde damage
      191 9 Reuter PARIS, Wed. Air France said yesterday that one of Its Concorde supersonic airliners made a bad landing at Dakar, Senegal, last week and scraped Its engines along the runway In a shower of sparks. There were no Injuries In the Incident on Nov
      Reuter  -  191 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      707 9 ARRIVALS Service Loca Operator Number Time From CPA CX003 0145 HKO MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH02I 0850 PEN MAS MH607 0900 KUL RBA BI325 0900 BWN MAS MH671 0945 PEN/KUL OIA GA980 1030 HLP CPA CX710 1035 HLP
      707 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      385 9 '£Z £1 L "tih nu U)i Sy Mop THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built democracies, withered tyrants,
      385 words
Page thumbnail Page 10
  • Article, Illustration
    Lock icon New rays of hope for solar energy seekers
    922 10  -  By THOMAS E MULLANEY NYT NEW YORK: In terms of Its contribution to the nation's total energy needs and the amount of investment committed to it, solar energy is still in its infancy. But it Is growing even faster than either Washington
    NYT  -  922 words
  • Article, Illustration
    Lock icon Security firms enjoy terrorist windfall
    962 10  -  Kidnapping and terrorism directed against big business has itself become a major American industry, generating its own counterpart in the form of the protection industry. One enterprising security firm even sends terrorist manuals to potential customers to let them know what they're in for. WILLIAM
    FT  -  962 words
  • Article
    Lock icon The ins and outs of insider dealing
    2216 10  -  ■r MARGARET REID F.T. AT A recent City lunch, two directors of different companies were asked whether they would be quite happy about telling visiting Institutional Investment managers' or stockbrokers' share analysts that their company was doing much better than was generally realised.
    F.T.  -  2,216 words
  • Article
    Lock icon Mexico is sweetening US ties
    691 10  -  By ALAN RIDING NYT MEXICO CITY: Despite nationalist protests, Mexico's economic difficulties have apparently convinced President Jose Lopez Portlllo that the country must come to terms with Its dependence on the United States. So Mr. Lopez Portlllo has patched up Mexlco's relations with Washington which
    NYT  -  691 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      53 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 bestseller lists even
      53 words
Page thumbnail Page 11
  • Article
    KL hotels to have stars to denote their ranking
    288 11 KUALA LUMPUR, Wed. Hotels may be required to register with the Tourist Development Corporation (TDC) when a proposed amendment to tne legislation governing boarding and lodging houses is approved. According to sources In the TDC, the amendment will also Include a
    288 words
  • Article
    Lock icon Eskimos can harvest the bowheads
    299 11 AP UPI TOKYO, Wed. The International Whaling Commission (IWC) voted todav to permit US Eskimo in 1973 to harvest 18 bowhead whales struck or 12 landed, whichever comes first. Eleven of 15 countries represented at the IWC session here voted for the proposal put forward
    AP; UPI  -  299 words
  • Article
    Lock icon Germans wise up to the asylum ruse
    371 11 AP WEST BERLIN, Wed. A group of 130 Pakistanis, among about 4,000 lured here by shadowy organisers who promised them work, was deported todav. Officials hope the move will discourage other hopefuls. Seven of the would-be immigrants aboard the plane agreed to fly
    AP  -  371 words
  • Article
    Lock icon Coal mining project
    62 11 Reuter JAKARTA, Wed. A visiting Canadian delegation is discussing possible Canadian participation In the US$l billion (552.36 billion) Buklt Asam coal mining project in south Sumatra, the Canadian embassy announced last night. The delegation, which comprises government officials and businessmen, is led by Mr. A.M. Guerin, assistant
    Reuter  -  62 words
  • Article
    Lock icon Asean ties is hot issue in Aussie election
    703 11 Reuter CANBERRA, Wed. Australia's relations with Its Asian neighbours entered the country's election campaign, with government and opposition leaders accusing each other of jeopardising links with Asean. Opposition Labour Party Leader Gough Whitlam last night charged Prime Minister Malcolm Fraser with responsibility
    Reuter  -  703 words
  • Article
    Lock icon Manila not keen on exporting rice
    168 11 Reuter MANILA, Wed. The Philippines will not as a matter of policy produce rice for export because of its doubtful profitability. Disclosing this yesterday its Agriculture Secretary Mr Arturo Tanco said: "While we may have a market for our rice produce at the moment.
    Reuter  -  168 words
  • Article
    Lock icon EXPERT DIDN'T MAKE IT
    88 11 Reuter KUALA LUMPUR: A seminar on the use of computers in daily banking procedures began here yesterday without its organiser, Mr. Harrod Godfrey, who died on the ill-fated Malaysian Airlines plane which crashed last Sunday, killing all 100 people on board. The late Mr. Godfrey was
    Reuter  -  88 words
  • Article
    Lock icon 'Fraser slightly ahead'
    221 11 Reuter SYDNEY, Wed. Prime Minister Malcolm Fr«.v»r's Conservative coalition government is poised for a narrow victory in Saturday's general elections, opinion polls published today predict. But the combination of the volatility of Australian voters and the growing strength of a new third party, the Australian Democrats, cast
    Reuter  -  221 words
  • Article
    Lock icon Inflation slows but economy is slackening
    481 11 Reuter AFP MELBOURNE, Wed. Australia's inflation rate is slowing more rapidly than previously forecast, but there has been renewed downturn in the economy and the current account balance of payments deficit is expected to rise sharply in calendar 1977 and 1978. The Melbourne University
    Reuter; AFP  -  481 words
  • Article
    Lock icon Early trial mining of giant coal field
    203 11 AFP CANBERRA. Wed. A consortium of Australian and British interests will begin trial mining of a big new coal field at German Creek in Queensland next April 18 months ahead of schedule. The field is in the coalrich Bowen Basin, 340 km west
    AFP  -  203 words
  • Article
    Hunt for sites to expand two ports
    521 11 KUALA LUMPUR. Wed. Malaysia's two major ports in Klang and Penang are looking for new sites to expand as the present sites offer no more room to do so. This has to be done now to prepare for the future as "we expect
    521 words
  • Article
    Lock icon No EEC duty on Dacca jute goods
    268 11 AFP DACCA, Wed. The European Economic Community (EEC) has agreed to allow some Bangladesh jutemanufactures "duty-free entry" into its market under the General System of Preference (GSP) scheme. The duty-free entry will be effective from January for items like Jute yarn, woven Jute
    AFP  -  268 words
  • Article
    Lock icon Moscow seeks a long term trade pact with Japanese
    400 11 UPI AP MOSCOW. Wed. Soviet trade officials have expressed their readiness to sign a 10 or 20-year economic agreement with JaBan, already the Soviet nion's third largest trading partner in the West. Soviet-Japanese trade negotiations opened here yesterday to assess commercial
    UPI; AP  -  400 words
  • Article
    Lock icon OIL FINDS PROPEL IRIAN INTO 20TH CENTURY
    575 11 Reuter SORONG, (Indonesia), Wed. Major sociological changes are now underway in a primitive corner of Indonesia where two foreign oil companies have spent US$34O million (SSBI6 million) on new oil wells. The oil-rich area Is what is described as the Birds Head Peninsula,
    Reuter  -  575 words
  • Article
    Lock icon Labour standards: ILO to review Asia's problems
    290 11 Reuter MANILA, Wed. The International Labour Organisation (ILO) yeaterday assured Asian states that the ILO governing body would consider their problems in carrying out international labour standards. Reacting to claims by Asian developing countries of difficulties in ratifying and implementing labour standards, ILO
    Reuter  -  290 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      212 11 APPOINTMENTS KARTIKA MACHINERY SDN BHD MARKETING MANAGER, IPOH BRANCH (Starting salary up to $3,000 p.m.) The Company intends to set up a Branch Office in Ipoh to complement its machinery trading activities present ly centered in Kuala Lumpur The products we are marketing include machine tools, construction equipment. materials handling
      212 words
Page thumbnail Page 12
  • Article
    Lock icon Ushiba for US to thrash out problems
    871 12 Agencies TOKYO,-Wed. Japan will send a Cabinet mlnist*.* to Washington on Sunday on a mission to resolve a yearlong trade dispute with the United States. The task, which government officials say may be a difficult one, will be handled by Nobuhlko Ushiba, a
    Agencies  -  871 words
  • Article
    Lock icon Under 6pc GNP rate warning by Fukuda
    532 12 Reuter UPI TOKYO, Wed. Prime Minister Takeo Fukuda said Japan's real gross national product growth rate could fall below 6 per cent for fiscal 1977 ending next March, compared with the official target of 8.7 per cent. Mr. Fukuda was responding to reporters'
    Reuter; UPI  -  532 words
  • Article
    Sheer effort won't raise efficiency
    370 12  -  By SALMA KHALIK EFFICIENCY should not be confused with the amount of effort put into a particular task, said Mr. Peter Lye, giving a talk on planning. A lecturer with the National Productivity Board, (NPB), he was conducting the third session of the NPB course
    370 words
  • Article
    Teaching skills is only one facet of training
    541 12  -  •y RONNIE LIM THE Industrial Training Board cannot afford to congratulate itself merely on the grounds of Its volume of skilled-worker output, creditable though this undoubtedly is since numbers alone are no measure of Its efficiency. This was emphasised by two VIP
    541 words
  • Article
    Requisition for Magnum meeting withdrawn
    625 12 KUALA LUMPUR, Wed. In a highly surprising development yesterday it was announced that the group of shareholders in troubled Magnum Corporation who requisitioned an extraordinary general meeting of the company scheduled for tomorrow have revoked their requisition and the company has called off the meeting.
    625 words
  • Article
    Board approves textile pact
    142 12 HONGKONG, Wed. The Textiles Advisory Board has approved the draft of a new textiles agreement between Hongkong and the EEC. Unofficial sources said that under the agreement the number or items brought under quota restriction will almost double to 41, while a further 73 will be
    142 words
  • Article
    A HIDE-AND-SEEK GAME WITH THE CUSTOMS
    422 12  -  ■y JOHN TAN SMUGGLERS come In all shapes and sl2es nowadays, It seems: wealthy businessmen and large companies are among the worst culprits, the Customs and Excise Department annual report reveals. There was the case of the Singapore couple the husband is a contractor
    422 words
  • Article
    LONDON STOCKS
    726 12 LONDON. Wed. The latest official statistics pointing to a slowdown In money supply growth and the fall in government borrowing made for a firmer trend, dealers said. Trading volume was. however, small and gains were pared in some Instances. Initial Interest In government bonds was also helped by
    726 words
  • Article
    Lock icon Geneva failure may influence Opec decision
    577 12 AP AFP CARACAS, Wed. A Venezuelan official said last week's breakdown in talks between developing and Industrialised nations could lead to a higher oil price Increase than expected at this month's meeting of the world oil cartel. The Dally Journal, an English language newspaper,
    AP; AFP  -  577 words
  • Article, Illustration
    EEC chief meets PM
    87 12 MR. Wilheim Hiferkimp (left), EEC vicepresident and commissioner for external relations, yesterday paid a courtesy call on Prime Minister Lee Kuan Yew. He also called on President Shearea, Foreign Affairs Minister f; Rejaratnam, and the Finance Minister Hon Sui Sen. and met officers of the Economic
    87 words
  • Article
    Bus service for tourists
    187 12 A $2.5 MILLION Joint venture airport bus service has been set up to provide tourists with reliable and satisfactory transport to and from the hotels. Major shareholders of the Singapore Airport Bus Servlces Ltd. (SABS), registered on Dec 2, Include the Singapore Tourist Promotion Board, (STPB)
    187 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      3 12 SEE PAGE 3
      3 words
    • Advertisement
      Page 12 Advertisements Column 2
      100 12 TSINGTAO now rated the top beer in China. Tsingtao beer is distilled from the sparkling mineral waters of Mount Lao&han in China. There's abundant goodness bottled up in 1 singtao The goodness of the finest barley and hops and mineral waters. Come, taste the difference in Tsingtao beer. Emporxjrr*.HciMs Cuf
      100 words