The Business Times, 14 December 1977
1977-12-14
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12
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The Business Times
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Title Section10 1977-12-14 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, DECEMBER 14, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article84 1977-12-14 1 AFP JAKARTA, Tues. Forty-nine foreign oil companies, most of them already working under existing production sharing agreement in Indonesia, are prepared to enter into new 50-50 Joint venture contracts for oil exploration and exploitation in Kalimantan. The state oil company, Pertamlna and the foreign companies will share 50-50AFP - 84 words
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Article72 1977-12-14 1 Reuter LONDON, Tues. The dollar went into a new plunge today and more uncertainty swept through the foreign exchange markets after a meeting of bankers yesterday failed to announce any agreed formula to support It. The dollar fell to new lows against the Swiss franc and mark inReuter - 72 words
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Article55 1977-12-14 1 KUALA LUMPUR, Tues. The government Is to further tighten banking laws to prevent malpractices in financial Institutions. The Banking Act 1973 Is to be amended to prohibit commercial banks from granting unsecured loans of above $10,000 to companies In which their offices and employees have Interest, either as55 words
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Article81 1977-12-14 1 Reuter LONDON, Tues. France and Britain today agreed to establish a special committee to study ways of intensifying economic exchanges between the two countries. This was announced after two days of talks between Prime Minister James Callaghan and French President Glscard d'Estaing at the Premier's country residence 65Reuter - 81 words
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Article72 1977-12-14 1 AP SYDNEY, Tues. Final approval from the Australian, British and American governments has been given for Barclays Bank International to purchase Citibank Overseas Investment's 50 per cent holding In the Sydney-based FNCBWaltons Corporation, Citibank announced today. The deal Is worth A 518.9 million (Ssso million). Arrangements were completedAP - 72 words
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Article56 1977-12-14 1 UPI NEW YORK, Tues. Stocks headed lower early today in the wake of the dollar's decline on foreign exchanges. Trading was moderate. The Dow Jones Industrial average was off 2.86 points to 812.89 shortly before 11 a.m. Against this background, declines outnumbered advances, 575 to 368, among theUPI - 56 words
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Chief Price Changes
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Article, Illustration173 1977-12-14 1 QUIET trading prevailed while prices generally hovered around their overnight levels on the Stock Exchange of Singapore yesterday. Gains or losses by isolated counters, however, bucked the trend. Against this backdrop, the Business Times index gained oi»b 0.98 point to 475.74 while the Straits Times industrial share173 words
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Article105 1977-12-14 1 Foils Most active Petallng Tin 8.10 -.45 Q. Ceramics 281.000 SgBesl 5.00 -.10 M. Weaving 95.000 O.C.B.C. 5.85 -.10 Mega 91.000 F. Cables 1.31 09 Olympla 89.000 O. Ceramics 1.96 -.08 Total Turnover: 1.81 M Lien Hoe 1.97 -.08 Total Value: MS3.03M Pac. Dev Duff 2 46105 words
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Article1402 1977-12-14 1 JOHN TAN - CITIBANK IS THE HEAVYWEIGHT By JOHN TAN TOTAL ASSETS of the commercial banking sector last year grew by $12.8 billion which is equivalent to a 25 per cent annual rate of expansion. The bulk of the growth was contributed by the foreign banking group (full,1,402 words
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Article181 1977-12-14 1 THE ASEAN Trade Fair '78 is expected to attract over 250,000 visitors when it opens in Manila next May. About a dozen Singapore manufacturers have already agreed to take part in the fair which is expected to cost the host country about U*****,000 (861.8 million),181 words
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627 1977-12-14 1 JACK CHIA-MPH Is to diversify into the entertainment business with its latest proposed acquisition of shares in Tung Yuan Enterprise. The whole deal will cost between $8 million to $9 million and consideration will be satisfied by the Issue of new JC-MPH $1 shares.627 words
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396 1977-12-14 1 AP DOHA (Qatar), Tues. Qatar will offer the industrialised world a Christmas gift when t£e Organisation of Petroleum Exporting Countries (Opec) meets In Caracas, on Dec 20. Shelk Abdul Aziz bin Khalifa Al Thanl, Opec's president and Qatar's Petroleum and Finance Minister,AP - 396 words
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303 1977-12-14 1 AFP Reuter LONDON. Tues. The United States, the world'* biggest auger consuming country, has signed the new International Sugar Agreement, the boerd of the International Sugar Organisation said here today. The board's executive director, Ernest JonesParry, welcomed the US move and said nine countries,AFP; Reuter - 303 words
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631 1977-12-14 1 j WORKERS In the finance and insurance sector are probably the best paid in Singapore, earning 77 per cent more than their counterparts in real estate, business, social, recreational and personal services. These workers also earned 127 per cent higher than manufacturing631 words
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Page 1 Advertisements
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Advertisement69 1977-12-14 1 whatever you needy n menswear.get rt-at?.. MOHAN'S DEPT. STORE (PTE) LTD. 321. Orchard Road W *****22 (next to Mandarin Hotel) Branch: 10VTangtin Shopping Centre "tot *****40 Daily :9am-9pm SEE PAGE 3 Oversea* New*/ TV ft Radio -P2 Overseas News/Cross words -P3 Local Co. News -P4 International Co. Newt -P5 Local69 words
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Advertisement133 1977-12-14 1 Bank with Chase and giue yourself the those advantages. There are so many banks operating in Singapore. And most of them offer the same or similar facilities. So you may well ask, why should I bank with Chase? The answer is service. The Chase commitment to service is very real.133 words
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Advertisement165 1977-12-14 1 Cool healthy pollution-tree driving with ▲mAßuenu coot. AAJKSTET9 .CAR AIR CONDITIONER 52? OLDH,LL PIAZA. SINGAPORE 11 TEL: *****2 240. LAVENDER STREET -SINGAPORE 12 TEL MWM *****29 fiSEan«business QUARTER! «S$ The Autumn issue of the ASEAN Business Quarterly includes a 5-page analysis of ASEAN's urea projects and finds these to be165 words
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OVERSEAS
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1015 1977-12-14 2 LONDON, Tues. British political and labour leaders believe traditional •bstacles to a long-term Incomes policy are fading. A form of incomes consensus would be achieved when the present government's guidelines of 10 per cent on earnings expires in July. They said the longstanding emotional attachment1,015 words
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Article169 1977-12-14 2 AP LOS ANGELES, Tues. Mr. George Meany was elected yesterday without opposition, but also without total support, to a 12th term as president of the AFL-CIO; a Job he has held since the organisation was formed 22 years ago. Despite grumblings from some union leaders that theAP - 169 words
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549 1977-12-14 2 Washington Star WASHINGTON. Tues. Private companies may continue to require workers to retire before age 65 under any pehsion pfen that has been in effect for at least 10 years, the Supreme Court ruled yesterday. The decision was the court's first on the meaningWashington Star - 549 words
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167 1977-12-14 2 Reuter BRUSSELB, Tues. Common Market agriculture ministers yesterday attacked plans for a rise of Just under 2 per cent in EEC fanners' incomes for 1978-79, saying they were too low. Officials said here that the proposals, the smallest ever made, were putReuter - 167 words
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Article58 1977-12-14 2 Reuter LONDON, Tueß. The British Shippers' Council said It will advise members to cancel contracts with shipping conferences serving the North Atlantic route If a 10 per cent freight surcharge Is imposed by the US-based North Atlantic Westbound Freight Association from January to recoup losses fromReuter - 58 words
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Article647 1977-12-14 2 Agencies UNITED NATIONS, Tues. A UN committee voted overwhelmingly yesterday for an oil embargo against South Africa as a means of cutting off supplies to neighbouring Rhodesia. Such an embargo is unlikely, however, because it must be Imposed by the Security Council, where theAgencies - 647 words
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344 1977-12-14 2 AFP AP LUSAKA, Tues. President Kenneth Kaunda of Zambia yesterday told (he nation to brace for austerity measures in the New Year. Opening a four-day United National Independence Party (UNIP) National Council meeting here, he warned Zambians to be prepared for a tough 1978AFP; AP - 344 words
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884 1977-12-14 2 NYT Reuter WASHINGTON, Tues. i The White House yesterday j conceded the impossibility of getting energy legis- lation through Congress this year and complained i that President Carter may leave later this month on a foreign trip with neither the promise norNYT; Reuter - 884 words
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779 1977-12-14 3 Reuter LONDON, Tues. After three consecutive months of surplus, a visible trade deficit Is expected for Britain in November when official v figures are announced tomorrow. British financial analysts' forecast this week range from £100 million (SS43I million) deficit to a £100 millionReuter - 779 words
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Article274 1977-12-14 3 Reuter LONDON, Tues. UK retail sales fell 0.4 per cent In November from October, according to provisional seasonally adjusted figures from the Department of Trade. The November volume lftdex fell to 105, base 1971 from October's 105.4 revised down from the 106.0 original estimate. Sales roseReuter - 274 words
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868 1977-12-14 3 Reuter AFP CHICAGO, Tues. Chances are that US farmers will devote more acreage to soybeans In next year's plantings if the present soybean and corn price ration continues, and also partly as a result of the setaside programmes. Vice president of the CarKill marketingReuter; AFP - 868 words
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Article193 1977-12-14 3 Reuter WASHINGTON. Tues. Average effective yields on US Treasury bills rose to 6.073 per cent on threemonth bills and 6.371 per cent on six-month bills at the latest auction. The Treasury said yields were up from 8.049 per cent at the previous auction on theReuter - 193 words
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186 1977-12-14 3 Reuter WASHINGTON, Tues. Federal Reserve Board chairman Arthur Burns said that generally US interest rates are little affected by International credit flows. He was commenting on remarks by House Banking Committee chairman Henry Reuss that foreign lending by US banks drivesReuter - 186 words
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Article218 1977-12-14 3 NEW YORK, Tues. The US banking system is wellpositioned to meet the economy's upcoming financial requirements, a Chemical Bank economist said. "The massive re-bullding of liquidity accomplished by banks during the 1975-77 period has been such that the banking system should be able to satisfy218 words
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Article976 1977-12-14 3 Reuter FRANKFURT. Tues. Speculation Is growing the Bundesbank may decide to cut bank rate to 3 per cent from 3.5 per cent on Thursday to curb the firmness of the mark. Foreign exchange dealers said the speculation was started by German Finance MinisterReuter - 976 words
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Article515 1977-12-14 3 Reuter BASLE. Tues. Central bank governors meeting at the Bank for International Settlements (BIS) made no statements as their afternoon discussions broke up yesterday. Informed monetary sources said that an official statement from BIS is unlikely yesterday though the governors continued informal talks over dinner. FederalReuter - 515 words
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132 1977-12-14 3 Reuter CHICAGO, Tues. Financial instruments offer further growth potential for possible future contracts. There is more than US $60 billion (SSI4I billion) of commercial paper outstanding and more than $434 billion of marketable government debt outstanding, Chairman of the Chicago Board of Trade William HegertyReuter - 132 words
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176 1977-12-14 3 Reuter TUM. Peru wlll probably make an official statement on whether it wlll cut Its copper output when its delegation to last week's Council of Copper Exporting Countries (Clpec) meeting in Jakarta returns •home, a spokesman for the state mining concern Mlnero-Peru said.Reuter - 176 words
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Article60 1977-12-14 3 Reuter ROME, Tues. The world's newest International aid agency to help poor countries opened Its doors here today and started planning ways of spending US$l billion (552.4 billion) in two years. Called the International Fund for Agricultural Development (IFAD), the agency will lend money toReuter - 60 words
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398 1977-12-14 3 UPI AFP -BRASILIA, Tues. The International Coffee Organisation yesterday opened a week-long executive board meeting designed to achieve price and production stability. "Although a certain short-term fluctuation of prices Is Inevitable, stability is a necessity to avoid dramatic changes in the pricesUPI; AFP - 398 words
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Page 2 Advertisements
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Advertisement356 1977-12-14 2 FROM FEDERAL PUBLICATIONS LIM WAX YAM i y 3^ F 1 V P 1 a step-by-step guide An easy-to-understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger of even the veriest novice. The joy of356 words
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Page 2 Miscellaneous
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Miscellaneous302 1977-12-14 2 I THE WEATHER 1 WEATHER report for 24 hour* prior to 7.30 pm on Dec 13 at Singapore airport. Maximum Temperature *.3°C Associated Humidity 90 Minimum Temperature 23.V°C Associated Humidity Hours of Sunshine 0 Rainfall in Millimetres io i Total Rainfall for the Month 111.9 Total Rainy Days for the302 words
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Page 3 Advertisements
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Advertisement42 1977-12-14 3 msm -< 9 -< < tx\ ■M til I m*. rtsof it i im m i m* a I '•V .< m x t T. rr rw > V./ > JUI i ■4 o r* > S> r t. V TiAm BuikiingS T«L ***** «rW W "5 v I42 words
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Page 3 Miscellaneous
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Miscellaneous632 1977-12-14 3 THE TWO-IN-ONE CROSSWORD 2 B CRYPTIC PUZZLE ACROSS I 2 Many a rustic bird (5) in y Claud maybe (5) 10 Nonsense good to sing about 11 Fair game? (3) if £Y?? e nce of humanity (5) 13 Villainous striped Jersey wearer! (7) jersey 15 Fast as a drip can632 words
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COMPANY NEWS
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673 1977-12-14 4 THE first Income from Hongkong Tin's new venture the controversial open cast mine which was the subject of the minority shareholders' requisition of an extra-ordinary general meeting earlier this year has filtered through. The mining revenue represents the first such Income the company Is deriving673 words
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Article267 1977-12-14 4 flllB b Stoat Tmtlf TotmJ tat DM tttrw •vritosvw fUvervk* M TWteJl KnU Oct* 0KI4 own f» la y» TulklW UK B.M. tTMl KU«|>I P>HMWI» Klau IWU. WWIN INMI UUs4 A 1* M fU« llhJ MmHwriM MilNTta t MwW 10% I2%TX SM 10* M Ul Ml M^l im267 words
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629 1977-12-14 4 KILLINGHALL Tin appears to have got Into some confusion In the recent release of Its preliminary results for the year ended Sept 30,1977. The tax figure of M 52.63 million, which took Into account deferred taxes and adjustments, was published as the629 words
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Article399 1977-12-14 4 CONTRARY to expectations, the much hoped for recovery at India-Malaysia Textiles failed to materialise and the company moved deeper into the red with a reported trading loss of M 51.77 million for the year ended March 31, 1977. Earlier on, the Interim results held forth399 words
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Article869 1977-12-14 4 SOUTH AFRICAN EQUITY INVESTMENT FT A FORCEFUL argument in favour of equity Investment is rapidly gaining currency tn Johannesburg investment circles. The argument Is based on the weight of funds accumulating in the hands of the pension funds and insurers and the realisation that there could be aFT - 869 words
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1199 1977-12-14 4 NYT NEW YORK: Little wonder the stock market has been bouncing up and down like a yo-yo lately. There are so many anomalies In the economic picture these days, and so much uncertainty over what lies ahead for domestic business, Inflation, government policies, energy andNYT - 1,199 words
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Article1451 1977-12-14 4 December 12 CHICAGO Board Options Exchange volume was 67,050 contracts, down from 83,850 on Friday. OPTION JAN APL JLT STOCK Alcoa 40 3 7/8 UNTRD 5 5/8 43 1/4 Alcoa 45 3/4 2 1/8 2 7/8 43 1/4 Alcoa SO 1/16 5/8 NOL 43 1/4 Alcoa 601,451 words
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Page 4 Advertisements
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Advertisement149 1977-12-14 4 The Love of coking L V m h J Kenneth a: *1 w 's, v i J: Kennsth Lo, the well-known ChkMN cookery writer, introduces the reader to the techniques of UninttC COOKInQ, ITHj QlVfi M WHO tn#tf unique way of oating. Beginning with simple onedish main coursee, ha progresses149 words
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Article345 1977-12-14 5 ASIAN COMPANIES ON JUST a 17.6 percent rise in turnover to A 5766.95 million, ICI Australia has reported a hefty 57.9 per cent Increase In group operating profits to $39.84 million for the year ended Sept 30, 1977. The reported earnings are after tax345 words
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Article496 1977-12-14 5 Laurence Prust LAP HENO, a watch manufacturer and distributor, "has declared an unchanged interim dividend for the financial year ending 31 March 1978. The share option which this company used to offer has been discontinued, at least for the time being, presumably because ofLaurence; Prust - 496 words
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Article84 1977-12-14 5 AFP THERE is fresh Indication that San Miguel Brewery is heading for a record year. The company announced a third interim dividend of 18 Hongkong cents per share for the year ending Dec 31. In October the company had said that it was continuingAFP - 84 words
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Article152 1977-12-14 5 Reuter THE state-owned Burmese oil industry and Mitsubishi Heavy Industries have signed a contract for construction of an oil refining plant worth US$l6.4 million. Burmese officials said the contract is for initial installations of a refinery complex worth about $122.5 million with a capacity of 25,000Reuter - 152 words
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140 1977-12-14 5 NORTH AMERICAN COMPANIES AP OHIO'S battered steel industry has been rocked again with the announcement that the Ohio Ferro Alloys Corp is closing its Brilliant plant and laying off 220 workers. The Brilliant works, one of four electric furnace smelting plants in the corporation,AP - 140 words
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Article113 1977-12-14 5 Reuter AN Ashland Oil spokesman said while Ashland termlnated present discussions on acquiring a majority Interest In Commonwealth Oil Co, It would be willing to enter talks aaraln If Commonwealth presented a new proposal. The spokesman said, however, that Commonwealth would have to approach Ashland. Commonwealth,Reuter - 113 words
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Article97 1977-12-14 5 Reuter GENERAL Motors Corp Is planning to produce a new series of dlesel engines for Its medium-duty trucks and vans, according to the metalworklng news edition of American Metal Market. Most trucks and vans in the 15,000 to 20,000 pound (6,800 to 9,000 kilo) range areReuter - 97 words
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Article62 1977-12-14 5 Reuter SHELL Canada said it has arranged a Canadian public issue of Csl2s million of 25year debentures at 9% per cent priced at par. The funds, together with funds generated Internally, will be used for capital and exploration spending on resources programmes, gas plant construction and improvementReuter - 62 words
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Article38 1977-12-14 5 Reuter MIDLAND Bancorp said directors declared an extra dividend of 30 US cents a share In addition to the regular quarterly of 25 cents both payable on Dec 27 to shareholders on record since Dec 15. Reuter.Reuter - 38 words
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605 1977-12-14 5 Washington Star WASHINGTON: New standards aimed at reducing the amount of ambient lead In the nation's air to a level which would be safe for young children has been proposed by Environmental Protection Agency Administrator Douglas Costle. Meeting the tough limits onWashington Star - 605 words
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Article140 1977-12-14 5 Reuter PEPSICO expects 1977 net Income and» earnings per share to be up by about 22 per cent, with sales increasing about 13 per cent chairman Donald Kendall said. In 1976 Pepslco earned U555.56 a share, on 24.48 million shares outstanding, or net Income ofReuter - 140 words
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Article232 1977-12-14 5 AP THE manufacturer of two popular pesticides used worldwide was charged with concealing research data about their alleged cancer causing effects. Verslcol Chemical Corp, makers of the pesticides chlordane and heptachlor, and six current or former employees were Indicted by a federal grand Jury on charges ofAP - 232 words
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Article77 1977-12-14 5 Reuter ALUMINUM' Corp and Revere Copper and Brass said they are considering what further steps, if any, to take in view of a US district court order in New York City barring Alcan's US$l4O million purchase of Revere facilities in Scottsboro. Alabama. Alcan, a subsidiary of AlcanReuter - 77 words
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101 1977-12-14 5 EUROPEAN COMPANIES Reuter INDUSTRIE Pirelli Is negotiating the sale to the ReSlon of Lombardy of Its 31oor office headquarters In Milan to provide cash to finance Investments In Italy, a company spokesman said. He was unable to confirm press reports that the price beingReuter - 101 words
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Article89 1977-12-14 5 Reuter VEGA said In an Interim report the substantial fall In earnings in the first nine months of 1977 affected nearly all sectors, especially oil and chemicals, and followed very unsatisfactory earnings development In the third quarter. The fall is partly due to high taxReuter - 89 words
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Article60 1977-12-14 5 Reuter CONDITIONS for Hydrocarbon Bank's *75 million five year floating rate notes have been set as anticipated, with a point spread over London Interbank offered rate for Eurodollars, a 7Vi per cent minimum coupon and par pricing, lead manager Credit Lyonnals said. The issue Is guaranteed by theReuter - 60 words
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272 1977-12-14 5 Reuter THE proposed US$4B5 million acquisition of National Starch and chemical Corp would add about $5.5 million, or one per cent, to the combined net profits of Unilever. Unilever chairman David Orr said National Starch would increase the group's sales In theReuter - 272 words
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Article218 1977-12-14 5 AP THE Flat car company has announced an extension of its owner warranty to cover mechanical parts for 24 months or 38,000 km, whichever comes first. The policy will cover all 1978 Flats sold in the United States, C. Ferrari, president and chief executive officer of FlatAP - 218 words
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135 1977-12-14 5 Reuter CREDIT Suisse said It Increased its participation In the New York Investment banking firm Sogen-Swiss international Corp to 50 per cent from 25 per cent. Credit Suisse acquired the additional participation In Sogen-Swiss from Soclete i n Parls and ttsaffiliated Socle te GenerateReuter - 135 words
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99 1977-12-14 5 Reuter THE Price Commission said It had notified the Secretary of State for Prices and Consumer Protection that It intends to Investigate proposed price Increases In sodium carbonate by Imperial Chemical Industries. The commission said the company pre-notlfled the commission on Nov 18 thatReuter - 99 words
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Page 5 Advertisements
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Advertisement328 1977-12-14 5 The first new idea in encyclopaedias in over 200 year- Britannka 3, Britannica 3 does what no other encyclopaedia has ever done before: It serves the three basic needs of users in three distinct ways. (see below) 1 1 vm. That's what makes it the most useable reference work ever328 words
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Article2366 1977-12-14 6 1977 Hid> Last Low Ctapiajr Sale ♦crGr'a div Div C'VT Gr'a Net y'ld P/E Vol Day C0OO) Higk Low SECTION ONE INDUSTRIALS 154 204 118 246 88* 205 109 259 422 140 134 105 58 212 57* 155 152 182 350 91 Acma Alcorn Allied Choc Bate2,366 words
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Article1235 1977-12-14 6 BID ud offer prion officially liitW and kualiHi ia aiil reported to the Stack Exchange of Singapore yesterday with the number of shares traded shewn ia brackets ia lata of 1,000 units unless otherwise specified. All time Settlement Contracts are sted5 ted after the world "Sett". Board1,235 words
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Article1361 1977-12-14 6 BID and offer price* officially lilted and buainess in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in bracketa 1n lots of 1.000 unita unleaa otherwise specified. INPHftTRIALS AJinsmata (2.108 2.208). Alssm (1.65 P. 1 708). A. Choc <11,361 words
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Article41 1977-12-14 6 STRIKING prices of the •lock options officially luted on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. Cand C (March $2.30) (0.278 0.325):41 words
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Article148 1977-12-14 6 SINGAPORE UNIT TRU8T INCOME BOND UNIT (Manager*' price* far Dk 14) The Commerce 1.77 1 88 The Saving Fund 1.06 1.12 ICutM prices I INCOME BOND 109 115 MARA BUMIPUTRA FUND S pore Pro® Fund 0 84 S pore Security Fund 1.0 S pore Invest Fund 1.01 089148 words
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Article165 1977-12-14 6 B O T 8 1/2% IMI (100.000) (100 SB 101HS) B O T 7 5/8% 1984 (100.000) (96\8 97ViS) L T C B J 1962 (100.000) (98HB WHS) Credit Lyonnai* Flo*tine 1983 (100,000) (97*.8 98 DBS Convert* 6 1/2% 1991 (100,000) (95H8 96*8) D B S 8 1/2%165 words
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Article133 1977-12-14 6 Rep Spore D Mark 7% 1982 (100.000) (102*B 103'-»S) Rep Spore 6 1/2% 1983 (100.000) (1028 1038) Rep Spore 7 3/4% 1987 f 100,000) (99H8 100'.S) Hokuthin Electric ConverU 6 3/8% 1984 (100.000) (97*8 98 SS) C Itoh 8 1/8% 1984 (100,000) (97V.8 97HS) 4 3/4% 1/5/79 (250,000)133 words
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Page 6 Advertisements
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Advertisement650 1977-12-14 6 sinGapura FORUM |gl HOTEL A Onm of InMr Continental Hot** 585 Orchard Road, S'pore 9. Tel: *****2 Sze Chuan Room A TREAT OF SZE CHUAN FOOD AT THE SZE CHUAN ROOM Is a heavenly delight prepared with care In the meticulous tradition of Sze Chuan Cuisine. You'll relish the fsfte650 words
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Article, Illustration659 1977-12-14 7 A BARELY steady trend ruled in quiet and selective trading on the Stock Exchange of Singapore yesterday. With no fresh inducements to deal, prices generally moved sideways throughout the day with low volume attending. On the overseas fronts, the Dow Jones and Financial Times index hardly changed from659 words
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Article318 1977-12-14 7 SLOW trading with prices on an easier slant was seen on the Kuala Lumpur Stock Exchange yesterday. This weaker trend was well reflected in the 6.44 point drop In the Malaysian Business Times index which closed at 619.22 points. The New Straits Times Ordinary share index however,318 words
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INTERNATIONAL STOCK MARKETS
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Article352 1977-12-14 7 HONOKONO: The market closed virtually unchanged In very dull and featureless trading on very low turnover yesterday, dealers said. The Hang Seng Index rose 0.44 point to 418.21. Dealers said both buying and selling Interest Is stagnant. Among the leaders Hongkong Land rose 10 to 6.85 while kong Bank,352 words
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Article495 1977-12-14 7 TOKYO: Share prices closed lower yesterday on concern over the US-Japanese trade talks In Washington, dealers said. The Dow Jones average fell 30.44 to close at 4,778.53 with volume of 170 million shares. The New Index closed at 356.66. down 1.70. The market rose Initially, but fell at midday495 words
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Article423 1977-12-14 7 SYDNEY: The market closed easier yesterday on profit taking after Monday's advance, dealers said. The Sydney All-ordinaries Index fell 3.5 points to 452.78. However, Pancontinental gained 50 cents to ASll buoyed by strong London demand overnight In otherwise weaker uraniums, where Queensland eased 15 to $2.45, Kathleen Investment* fell423 words
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Article177 1977-12-14 7 MANILA* The market was firmer across the board yesterday. with turnover rising to 4.26 million pesos from Monday's 3.64 million, dealers said. A slight Improvement In metal prices abroad aided the mining sector, with Atlaj rising two points and other mining Issues slightly higher. Basic Petroleum gained one point177 words
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Article128 1977-12-14 7 DEC IS Bahts Asia Fibre 245 -11 Bangkok Bank 383 unch Bangkok Invest. 346 +8 Bangkok-Metro-politan Bank Bata Berll Jucker 568 ♦26 C'haroong Thai Wire 314 16 Dumex DusttThanl Faber Merlin First Trust 318 unch Genera Finance 346 -4 Indo-Thal Industrial Finance Corp 21 IS 10 J And J128 words
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Article289 1977-12-14 7 AMSTERDAM: Share prices closed generally lower In quiet trading on Monday, dealers said. Philips edged higher, Akso and Unilever were unchanged, while Hoogoveni and Royal Dutch were lower In Dutch Internationals. Elsewhere lower shares were led by Pakhoed, losing 3.30 Sillders. HVA. KNSM and Van mmeren. Firmer shares Included289 words
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Article156 1977-12-14 7 BRUSSELS: Belgian share prices closed mixed after quiet trading on Monday, bourse sources said. Sidro, Socfin, GB, Tptienderloo and Arbed rose, Wagona-LiU were unchanged after saying 1977 profits will probably rise and Traction, Hainaut-Sarabrc, UCB and St Roch fell In foreign stocks UK and US rose. German and Dutch156 words
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Article306 1977-12-14 7 FRANKFURT: Shares closed weaker on Monday, although slightly above the day's lows, partly owning to continuing currency uncertainty, dealers said. Leading chemicals fell up to 1.40 marks, led by Basf, while Veba lost 3.40 marks after announcing sharply lower nine months profit. Commersbank lost 2.10 marks in banks while306 words
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Article138 1977-12-14 7 MILAN: Stocks fell over a broad front in an almost complete absence of buying interest on Monday, dealers said. Industrials, financial leaders and insurances were all lower s while bonds were selectively higher in fair trading. c DEC 11 Lire Anic 121 -3 Assoc On ***** -240 Bastogl 366138 words
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Article322 1977-12-14 7 PARIS: The market was steady to slightly lower in thin trading on Monday with volume restricted by the continuing strike by bourse employees, dealers said. The market was restricted to small professional dealing but on the national political front, the new outbreak of open disagreement between socialists communists Is322 words
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Article315 1977-12-14 7 ZURICH. The market firmed slightly In fairly active turnover on Monday, with Interest centred on registered stocks dealers said. In transports Swiasair Bearer fell on profit-taking after a higher opening, but Its registered stock rose. Banks and flnanclals were higher, led by Allgemeine Finant and Eiektrowatt. Landi* and GYR315 words
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Article369 1977-12-14 7 JOHANNESBURG: Gold shares were quietly easier on Monday afternoon, on lower bullion Indications and some local selling. dealers saM. Heavyweights lost up to 50 cents while lighter weight stocks were mostly about five cents down. Mining Financials were occasionally quietly lower. Elsewhere. De Bean was five cents down at369 words
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Article340 1977-12-14 7 TORONTO: Share prices closed lower In active trading on Monday. The OH Index dropped more than six points while the Composite Index shed 1-1/2 points. The Oold index fell 17 points In response to falling bullion prices. Declines outnumbered advances 231 to 200. Carlin< O'Keefe, which said Its Pembina340 words
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Article999 1977-12-14 7 NEW YORK: Stocks, bouncing between mixed and higher all day while threatening to move lower, hung on to finish mixed in sluggish trading on Monday. Analysts said optimism brought on by favourable November wholesale price Index and money supply figures, both reported last week, was nearly balanced by999 words
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Article69 1977-12-14 7 FINANCIAL TIMES INDUSTRIALS Monday 484 5 Friday 485.9 Week Ago 488.3 DOW JONES AVERAGE INDUSTRIALS Monday 815.75 Friday 815.23 Week Ago 821.03 LONDON DOLLAR PREMIUM Monday 93* to 93% Friday 93 to 93% H.K. HANG SENG Monday 417.77 J™ 1 41®. 15 Week Ago 421.13 SYDNEY INDUSTRIAL Monday 39569 words
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Advertisement394 1977-12-14 7 mctico rmk SINGAPORE Tanglin Circus, S'pore 10. Tel: *****1 Brasserie La Rotonde HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8. CHEQUERS HOTEL 418 Thomson Road, Singapore II Tel: *****/7 HOTEL EQUATORIAL 429 Bukit Timah Road. Singapore 10 Tel: ***** Speciality de Cafe GARDEN HOTEL 14 Balmoral Road. Singapore 10394 words
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COMMODITY REPORTS AND PRICES
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Article440 1977-12-14 8 OPENING quotations on .>the Singapore rubber market yesterday were marked down 2.75 cents following further weakness In London and Monday's after close easiness here, dealers said. The market then recovered slightly on shortcovering but later fell back again on stop-loss selling In brisk trading, they440 words
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Article30 1977-12-14 8 Rubber: Dec 13 Singapore: January 197.25 cent* (down 3.00 cenU) Malaysia: 198.00 cent* (down 5.25 cent a) Tin: $1,800 (down $10) Official offering: 290 tonnei (up 49 tonne*)30 words
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Article328 1977-12-14 8 Prices In cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.S.S. prompt f.o.b. Int. 1 R.S.S Jan 1978 Int. 1 R.S.S. Feb 1978 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 196.25328 words
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Article104 1977-12-14 8 NOON SSR and SMR prices yesterday: RAS January (Current Mtb) Buyer* Sellers (cents per kf) February (Forward Mtk) Buyer* Sellers (cents per kg) SSR 20 SSR 50 (1—ton pallet) <1—ton pallet) 192 60 190.50 194 50N 192.50N 193.50 191 50 195 50N 193.50N MRELB SMR5CV SMR5L SMR104 words
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Article477 1977-12-14 8 ACTIVITY picked up at the Singapore produce market yesterday. However, the pepper sector was very quiet while business in copra and coconut oil picked up moderately. Activity in coffee was on the low side. Inquiries poured In from West Asian countries for refined deodorised coconut oil. This deluge477 words
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Article331 1977-12-14 8 LONDON, Tues. Coffee futures opened officially "steady" but £22 to £33 down from last night. Tur nover was 301 lots which included around 110 lots of cross rates. Dealers said the market steadied after a hesitant start where initial losses of around £30 to £40 occurred. They said tightness331 words
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Article68 1977-12-14 8 C.I.F. Rotterdam US dollars per ton. LONDON Malaysia 5% ffa bulk Monday Previou* Feb 512 sir 510 sir Sumatra 5% ffa Dec 543 sir 545 sir Jan 535 sir 530 sir Feb 5224 sir 530 sir March April Nigeria 5% ffa bulk Sumatra 515 sir 512.50/515 pd 487.50/49068 words
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Article296 1977-12-14 8 LONDON. Tues. Terminal sugar opened at or slightly under last night's lower New York based kerb levels with losses from yesterday's afternoon of C 1.30 to i' 0.25 per tonne. Dealers attributed the decline to lack of fresh fundamental news and steadiness of sterling. Terminal sugar closed a quiet296 words
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Article253 1977-12-14 8 I THE STRAITS tin price In Penang yesterday was down Mslo to $1,800 per plcul on an official offering up 49 tonnes to 290 tonnes. The market weakened due to the large volume of tin concentrates which accumulated during the long weekend closure, dealers said. In LONDON yesterday,253 words
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Article260 1977-12-14 8 LONDON, Tues. Terminal cocoa continued yesterday's nearby advance during an active opening call despite initially trading £5.50 down against New York in near March at £1,945. Prices finished the call mostly higher by £26.50 to £3.50 with a turnover of 909 lots of-which 260 lots were self traded. The260 words
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Article345 1977-12-14 8 HONGKONG, Tues. Sugar futures closed little changed In dull and featureless trading. The record low turnover of seven lots from 15 yesterday reflects lack of fresh news, dealers said. March and May were the only months traded and they fell 0.04 and 0.02 US cents respectively. Previous doting345 words
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Article29 1977-12-14 8 YARN and cotton In Hongkong dollars, spot ex-godown: Cotton Yarn: China Blue Phoenix 20 s 1.835. 32's 2.070. 40 s 2 ISO (per bale or 400 lbs)29 words
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Article114 1977-12-14 8 HONGKONG, Tues. The market was quiet with prices up to 50 cents lower, dealers said. Total turnover was 384 tons comprising Thais 112, Kwangtung 170 and Australias 102. The only arrival was 520 tons from Thailand. (Prices in HK dollars per ptcul. exgodown) Thai White: 100 pet old crop114 words
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Article138 1977-12-14 8 CHICAGO, Tues. Soybean futures were down 19 to 10- Vt cents a bushel and at the day's lows at the close, yesterday. The market lost several cents at the opening and continued downward, with liquidation and speculative selling which prompted Ideas of Increased farmer selling because of the moderation138 words
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Article73 1977-12-14 8 CHICAGO, Tues. Wheat futures yesterday extended small early losses to finish the session six to 6% cents a bushel lower. Prices eased early on selling stimulated by the losses in soybean and corn futures, with the declines eventually touching off commission house stop-loss selling. Light to fair amounts of73 words
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Article346 1977-12-14 8 LONDON, Tues. Copper wlrebars finished the morning with gains of mostly £1 per tonne. The early pre-market was firm reflecting the overnight New York close and some West German physical demand this morning dealers said. Three Months traded up to £708 per tonne before trade selling pared gains although346 words
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Article188 1977-12-14 8 LONDON, Tues. Silver showed losses of 3.8 to 4.0 pence per troy ounce. Values were marked lower at the outset following the sharp overnight drop at New York, trade sources said. The market subsequently held steady at the lower levels as moderate liquidation prompted by lower gold and the188 words
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Article338 1977-12-14 8 GOLD BROKE the 8112,000 level in the Singapore gold market yesterday as nervous selling hit the US silver and gold markets on Monday. The kllobar opened at 5511,900, down SllB5 from the previous closing, but bargain buying bldded prices up to 5511,910 and closed for lunch at SSI 1,920.338 words
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Article94 1977-12-14 8 LONDON, Tues. Lead finished the morning with gains of mostly £1.50 per tonne. Early hedge-covering support boosted the market to £384.50 per tonne for Three Months although profittaking and liquidation subsequently trimmed values. Sales were 3,500 tonnes. On Monday, lead closed with gains of £3 for cash and £3.2594 words
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Article104 1977-12-14 8 LONDON, Tues. Zinc closed the ring with losses of £2 for cash and £1.25 for Three Months. The market slipped back from yesterday afternoon's higher kerb levels under hedge selling and long liquidation which took Three Months from £302 on the pre-market down to £298 In the ring. Sales104 words
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MONEY AND EXCHANGES
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Article586 1977-12-14 8 THE FOREIGN exchange market yesterday saw the US dollar taking a tumble against major currencies especially the German mark. The US unit lost some 200 points against the mark. Following news that the US Is not expected to take measures to prop up the 1 dollar, which in586 words
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Article53 1977-12-14 8 ACBG Algemene Bank 7 Firat Chicago Citibank 6 1 Bangkok Bank 7 HSBC Bank of America 7 Indoauez 7 Bank of China 7 Bank of Tokyo 7 Malayan Banking 7 Bank Negara Indonesia 7 OCBC OUB «v, Chartered Bank 7 UCB Chaae Manhattan 7 DBS 7 CMBC53 words
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Article161 1977-12-14 8 Asian rates ASIAN currency deposit interbank rates as at close on Dec 13. US Dollar. (SpoO Offer Bid 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths 613/16 611/16 ...71/8 7 7 3/16 71/16 7 1/4 71/8 ...7 9/16 77/16 ...75/8* 71/2 711/16 7 9/16161 words
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Article48 1977-12-14 8 RANGE of prices offered by discount houses on Dec 13: Overnight 2* to 3%% Call deposit 3** to 3K* Cloaini 3-Month Buyl Treasury bills 31/4 31/8 3-Month Bank bills 4 7/8 4 3/4 3-Month CO 511/16 59/16 6-Month CD 5 7/# 53/4 Source: National Discount Co. Ltd.48 words
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Article92 1977-12-14 8 Euro rates LONDON, Tues. Trading in Eurodollar deposits continued quiet, dealers said. Fixed-date rates opened steady around overnight levels and have shown little change since. Far Eastern interest and roll-over business was small, dealers added. Short dates were also basically steady. <3epo lu °P®ntn* quotes Ct«MlllglM and Wed/T7iurs 6-3/4,6-Thura/Fri 19-3/16,92 words
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Article62 1977-12-14 8 AUSTRALIA/ N2 exchanges on Dec 12: AUSTRAUA US dollar 1 1341/ 1 1283 Sterling 0 6207/ 0 6138 Ninetyday air mail buying rates Sterling 0 6365 US dollar 1 1626 Ninety-day forward buying rate* Sterling 0 6163 US dollar 1.1271 NEW ZEALAND: Sterling 0 5464/ 0 5454 US dollar62 words
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Article237 1977-12-14 8 LONDON, Tues. The dollar fell to new lows against the Swiss franc and mark in early volatile trading, reflecting disappointment no positive arrangements to help the dollar emerged from yesterday's central bankers' meeting In Basle, dealers said. The dollar fell to lows of 2.1470/ 80 marks and 2.1015/ 30237 words
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Article134 1977-12-14 8 NEW YORK, Tues. The dollar yesterday closed weaker against major currencies once again In very thin and quiet trading, dealers said. They said the market is becoming thinner as the year-end approaches, and the dollar drifted lower primarily because of the lack of activity rather than from any134 words
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Article154 1977-12-14 8 TOKYO, Tues. The dollar for overnight delivery closed lower at 240.90 yen, after a 241.30 opening and 242.40 at yesterday's close, dealers said. The Bank of Japan bought an estimated $10 million in late trading to stem the dollar decline, they said. Trading was active with volume $350 million.154 words
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Article143 1977-12-14 8 HONGKONG, Tues. The US dollar eased to 2.1660/70 marks In thin nervous trading from its 2.1701 New York closing mid-point equivalent, dealers said. The US unit opened lower at 2.1680/90 marks and eased to 2.1665/75, before rising briefly to Its day's high of 2.1705/15. It also fell to 240.60/70143 words
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Article382 1977-12-14 8 LONDON, Tues. Trading in the Eurobond market was subdued with most prices around yesterday's closing levels, dealers sa|d. Convertible bonds were also quietly steady. Eurobond prices quoted on Dec IS: StrmifhU BM Oflkr Nippon Fud Bulk 7* «2 DSM (Holland) 8%87 BNDE (Brazil) 9% 84 Sweden 7W82 Sweden 8K382 words
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Page 8 Advertisements
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Advertisement318 1977-12-14 8 from Penguin i i 1 i IN PENGUINS Yukio Mishima firmly upheld the traditions of Japan's imperial Dast whirh hp astnn V kh T/h bem^ ,ow, V eroded by Western materialism. Disillusioned he astonished the world* in 1970 by committing hara-kiri or ritual suicide by isembowelment. One of his last318 words
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TRANSPORT AND COMMUNICATIONS
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Article1046 1977-12-14 9 BAHRAIN DRYDOCK Agencies BAHRAIN, Tues. The ten-nation Organisation of Arab Petroleum Exporting Countries (OAPEC) holds its annual meeting here tomorrow, on the eve of the normal inauguration of a giant drydock which is the OAPEC's biggest achievement to date. Seven member-countries have invested aAgencies - 1,046 words
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181 1977-12-14 9 AFP/UPI TOKYO, Tues. A Jetliner of Japan's largest domestic airline, All Nippon Airways (ANA) left here today for Ho Chi Minh City (formerly Saigon > on a test flight. Ana's L->ckheed TrlStar, carrying six crew and 21 officials of the company, flew to VietnamAFP/UPI - 181 words
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Article384 1977-12-14 9 AFP LONDON, Tues. Timechartering remained very active last week on the freight market as Chinese and Japanese Interest continued, with single voyage business again taking a poor second place. Rates generally held steady and were In some cases marginally firmer, although the excess of tonnage prevented anyAFP - 384 words
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Article152 1977-12-14 9 AFP TOKYO Tues. A new special squad of 29 "sharpshooters" has kicked off what appears to be a "mission impossible" drive away 4,000 migratory birds flocking at the Tokyo International airport. The airport, built on a reclaimed land along the Tokyo Bay, has become aAFP - 152 words
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Article, Illustration334 1977-12-14 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Benledl (0600 45 Bunga Mas (1400 after Fortune Trader subject free board) 19 Colorado (1400) 47 Crlkvenlca (0600 after Ollvebank) 33/34 Genevieve Lykes (2300 after Ocean supply) 42/43 Olnrel Maru (JIOQ) (2300 after Hugheverett) 10/11 Housho Maru (B. Clinker) (0030 after On Shun)s334 words
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Article303 1977-12-14 9 j A direct SlngaporeI Iran liner service, Shayad j Lines, has been set up by Shayad Shipping Co. Ltd. of Teheran. I The Iranian Company is a joint venture by prominent Iranians and Varnlma Corporation International, a leading Greek shipping company. Shayad Lines has acquired 10 new vessels,303 words
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Article132 1977-12-14 9 Reuter LONDON, Tues. British airline maverick Freddie Laker, whose cut rate Skytraln service from London to New York sparked a North Atlantic price war this year, today launched a new battle for a cheap rate service Into the United States. He formally applied with the CivilReuter - 132 words
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454 1977-12-14 9 LE HAVRE, Tues. The current 48-hour French seamen's strike against cross-Channel ferries, which the unions call unprecedented In scope, reveals their concern at what they see as the "gradual decline" of the role of French vessels In channel traffic. The strike, which began yesterday,454 words
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Article133 1977-12-14 9 MUNICH, Tues Columbia's Aerocondor Airline has bought one European Airbus airliner and taken an option on a second, the Oerman company announced here yesterday. The 245-seat A3OO airliner, the first sold to Latin America, will start flying between Columbia and Miami today, a spokesman said.133 words
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Article703 1977-12-14 9 ARRIVALS 8*rric® Local Operator Number Tiat From TMA TL304B 0530 TPE MAS MH0O1 0715 KUL MAS MH682 0810 KCH SIA 8Q101 0815 KUL MAS MH621 0850 PEN J MAS MH807 0000 KUL MAS MH071 0945 PEN/KUL PAA PA847 1025 SPO/HNL/OUM OIA OA980 1030 HLP CPA CX710 1035703 words
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Page 9 Advertisements
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Advertisement384 1977-12-14 9 iSr mm iL it niD (>l 'f M 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,384 words
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Article, Illustration5101 1977-12-14 10 DATUK JAMIL JAN - THE Federal Industrial Development Authority of Malaysia has just marked its 10th year of operations with an impressive record of achievements and challenging tasks ahead. During the last decade, it has played a major role in placing Malaysia on the international5,101 words
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Page 10 Advertisements
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Advertisement157 1977-12-14 10 COLLECTINQ Oriental Antiouej by Judith Moorhouse and Dries Blitz ra Hamlyn Group, London. thrniurhnnt tl* ij always fascinated collectors S f rtT 1 evoking as they do the exotic and lniii te however widely believed that they are too tlf i, average collector. This myth ls perpetuated by all the157 words
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496 1977-12-14 11 Agencies IBLAMABAD, Tues. Pakistan la to receive nearly US$975 million (591.6 billion) in foreign aid during the 197 MS fiscal year. A further 980 to 900 million was likely to be available as a result of a World Bank consortium meeting to be heldAgencies - 496 words
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Article, Illustration201 1977-12-14 11 THE Hongkong and Shanghai Banking Corporation is holding a week-long exhibition of Its collection of bank notes at the Collyer Quay branch to celebrate the centenary of the opening of Its first branch in Singapore in 1877. The exhibition will show the role played201 words
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Article40 1977-12-14 11 Reuter AMSTERDAM, Tues. The Dutch Central Bank wfll today offer special advances to banks by tender for the period Dec 15 to Jan 5. The amount and coupons are expected to be set after banks have subscribed.Reuter - 40 words
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Article346 1977-12-14 11 WITH THE RISE in tourism in the region, UTA, the French airline, is to Increase the frequency of Its weekly I flights Into Singapore next year. From June 26, the airline will operate four weekly flights from Paris to Singapore and three out of346 words
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816 1977-12-14 11 Reuter HARBIN (China), Tues. A recent Sino-Sovlet agreement has reopened a river channel to Chinese vessels for the first time in 10 years. A senior Chinese provincial official confirmed that Chinese survey boats and cargo ships up to 500 tonnes had started to useReuter - 816 words
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366 1977-12-14 11 IN EXERCISING control, a manager should try to anticipate his subordinates' reaction, and to introduce measures accordingly. Most companies, for example, require workers to punch their time cards on arrival and departure to .record the number of manhours per month. Not understanding366 words
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378 1977-12-14 11 KUCHING, Tues. The construction of the TanJung Kidurong port and the completion of the liquefied natural gas (LNQ) plant In Blntulu Is expectea to lead to massive projects in the area turning It Into an attractive growth centre In Sarawak. According to Temenggung378 words
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142 1977-12-14 11 Reuter CAPE KENNEDY, Tues. Japan's first communications satellite Is scheduled to be launched here tomorrow. Weighing 676 kg, the drum-shaped satellite will eventually be placed in a stationary orbit 35,883 km high over the Equator, south of Tokyo. It is an experimental satellite whichReuter - 142 words
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Article108 1977-12-14 11 GENEVA, Tues. Sweden yesterday suggested that all creditor countries should write off a total of US$2O billion (Ss47 billion) from the debts owed by the world's poorest nations. At a meeting of government financial experts from 50 countries, organised by the United Nations Conference on108 words
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615 1977-12-14 11 SOME PROGRESS IN RUBBER Reuter GENEVA, Tues. Mr. Gamanl Corea. secretary general of the UN Conference on Trade and Development (Unctad), wants negotiations on a proposed international fund to stabilise world commodity markets to resume by April. He was commenting at theReuter - 615 words
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512 1977-12-14 11 AP JAKARTA, Tues. Indonesia's dream of growing enough rice to feed its 135 million people shows signs of fading. Experts say the national goal of self-sufficiency cannot be achieved In the foreseeable future. They expect Indonesia, already the world's largest rice Importer, toAP - 512 words
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Article99 1977-12-14 11 THE 250 Japanese businessmen who are here for the Japan Industrial Exposition Singapore 77 will be shown around Jurong Industrial Estate tomorrow. The Economic Development Board will conduct the tour. The highlight will be a visit to the Jurong Training Centre. The tour will99 words
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Article73 1977-12-14 11 AFP KUALA LUMPUR, Tues. Counterfeit Msso currency notes found In Malaysia over the past three years were being printed in Hongkong, a police source said today. Hongkong police had traced the source of the dud notes following the arrest of a seaman in Singapore last May.AFP - 73 words
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Advertisement164 1977-12-14 11 APPOINTMENTS bIEN GROUP OF COMPANIES ACCOUNTANT The Ben Group of Companies which is in the food processing, wholesaling and distribution business, is seeking a" suitably experienced Malaysian to be responsible for the financial and management accounting functions of its expanding operations in Malaysia. The Accountant will be based in Kuala164 words
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Advertisement129 1977-12-14 11 Advertising Co-ordinator Due to their expansion, a leading watch importer is inviting applications for the position of Advertising Co-ordlnator. The Requirements female Singapore Citizen in late twenties, preferably single relevant experience in advertising pleasant personality ability to work independently a working knowledge of Chinese will be a definite advantage The129 words
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1602 1977-12-14 12 CONCESSIONS TO U.S. LIMITED Agencies WASHINGTON, Tues. Japan's External Trade Minister Nobuhlko Ushlba said there Is little room for Japanese concession In the current round of trade talks wllh the US. But he stressed that the talks are only a beginning. In a newsAgencies - 1,602 words
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Article133 1977-12-14 12 AFP TOKYO, Tues. East German Foreign Minister Oskar Fischer called Japan "a good partner" and hoped for further cooperation between East Germany and Japan in his meeting with Prime Minister Takeo Fukuda today. He told Mr. Fukuda during the courtesy call that relations betweenAFP - 133 words
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Article86 1977-12-14 12 THE Telecommunications Authority of Singapore (TAS) is planning to Introduce the International Direct Dialling facility to another 16 countries In the fiscal year 1978/79. The IDD facility presently Is available to 20 countries, which Include Britain, Australia, New Zealand, the United States. West Germany, and86 words
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Article698 1977-12-14 12 Reuter AFP TOKYO, Tues. The Japanese government, for the first time since the outset of fiscal 1977, today admitted a recessive trend in Its economy. The Economic Planning Agency, in its monthly economic report, said the yen's recent appreciation had set the economy back. TheReuter; AFP - 698 words
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277 1977-12-14 12 I THE Housing and Development Board (HDB) will try to improve Its housing programme to meet the rising expectations of Singaporeans and to respond to changing circumstances. Speaking at the First Yomlurl Overseas seminar yesterday, HDB chairman Michael Fam said the success of Singapore's277 words
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Article75 1977-12-14 12 LEGAL ACTION Is being considered by the Singapore National Shippers' (SNSC) to challenge the validity of future freight Increases by conference lines If new agreements to this effect are not signed between them and shippers here. The Council's contention is that since new rates are to be75 words
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Article772 1977-12-14 12 LONDON, Tum Stock prices fell reflecting nervousness ahead of Britain's November trade figures due tomorrow. The market was also adversely affected by concern over the present British firemen's strike and the threat of strike action by some UK mine workers. Scattered profit-taking hit government bonds which lost up772 words
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302 1977-12-14 12 Reuter KUALA LUMPUR. Tues. Britain pressed Malaysia for urgent talks on the Concorde supersonic service from London to Singapore which will be stoppea on Friday unless Malaysia lifts its ban dn overflight rights for the anglo-french airliner. A spokesman at the BritishReuter - 302 words
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280 1977-12-14 12 NEW legislation will be introduced soon to provide the legal framework for the growth and development of the cooperative movement in Singapore. Speaking at the inauguration of the 4th Open Asian Cooperative Conference at Hotel Equatorial yesterday, Acting Minister for Social Affairs Ahmad Mattar280 words
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Article323 1977-12-14 12 HONGKONG, Tues. I Negotiations on new textile agreements began here to- day between Hongkong and Sweden and Norway. Director of Trade Lawrence Mills is leading the negotiations with the Swedish delegation and his deputy John Chan Is conducting talks with the Norwegian team. Hongkong's current323 words
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561 1977-12-14 12 PETER CHIA - •y PETER CHIA PIG farmers nettled In Punggol have coldshouldered a Government line of credit specially extended to them through the Development Bank of Singapore (DBS) since 1976, despite repeated attempts t to make the Interest rate < attractive. To date, only five farmers561 words
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Advertisement36 1977-12-14 12 SINGAPORE OKOH Japanese Restaurant 4th Fir, Supreme Houw. Penang Road. Tel *****1 £SX OKOH OF GIN2A Japanese Restaurant Ba»ement Hong Leong Blog Reffles Quay. Tel *****81 KATSURA Japanese Steak House Orchid Ink. Ounearn Rd Tel *****236 words
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Advertisement81 1977-12-14 12 SALE BOOK SALE BOOK SALE I k—< HOW T 53 MARICANS B2I,SUPREME HOUSE,PENANG RD. DISCOUNT FOR BOOKS ON ALL SUBJECTS H If business you wish to transact With diplomacy, reason and tact, Fosters is the venue For a fine interview Over dinner, a drink or a snack. f SJ FOSTERS81 words
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