The Business Times, 16 December 1977
1977-12-16
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The Business Times
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Title Section10 1977-12-16 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, DECEMBER 16, 1977 50 CENTS10 words
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SHIPS IN BRIEF
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Article68 1977-12-16 1 Reuter DUBAI, Thurs. An Arab sheikh has obtained one of the biggest personal bank loans ever US$l9 million (Ss4s million) bankers here said. The money is to build an international trade centre In Abu Dhabi, and Is being provided by nine local and international banks to SheikhReuter - 68 words
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Article58 1977-12-16 1 UPI PARIS, Thurs. The industrialised nations opened a high-level conference today on youth unemployment which the United States termed as a growing and serious problem which could explode In social conflicts if ignored. The conference would study the development of Job opportunities, facilitating the transition to working lifeUPI - 58 words
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Article64 1977-12-16 1 Reuter MANILA, Thurs. The Philippines and Brazil yesterday signed an agreement to share their technology and experience, especially In studying the possibility of establishing charcoal-fired pig iron plant in this country. The plant would use wood from Philippines trees and Brazilian Iron ore. At present Brazil is supplyingReuter - 64 words
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Article64 1977-12-16 1 Reuter CAIRO, Thurs. Egypt and Israel tried to narrow their differences in the first formal working session In the Cairo peace talks today. Following the formal opening in a blaze of publicity yesterday, the talks went behind closed doors today as the delegates started negotiations in earnestReuter - 64 words
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Article82 1977-12-16 1 Reuter BAHRAIN, Thurs. The Organisation of Petroleum Exporting Countries (Opec) will go ahead with its conference in Caracas next Tuesday to fix oil prices for next year, its president Sheikh Abdel-Aziz bin Khalifa said today. He denied that some Opec states have decided to freeze their pricesReuter - 82 words
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Article55 1977-12-16 1 AP TOKYO, Thurs. The semi-governmental Japan External Trade Organisation (Jetro) today said it will sponsor seminars in major US cities between January and March to help US traders increase exports to Japan. The project Is part of Jetro's efforts to ease strained economic relations between JapanAP - 55 words
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Article55 1977-12-16 1 UPI NEW YORK, Thurs. Stocks were mixed early today ais investors waited for President Carter to hold a news conference scheduled for 11 a.m. The Dow Jones industrial average was off 1.05 point to 821.03 shortly before 11 a.m. Advances outnumbered declines, 431 to 389, among the 1,427UPI - 55 words
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Chief Price Changes
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Article, Illustration182 1977-12-16 1 TRADING turned quiet and prices generally marked time on the Stock Exchange of Singapore yesterday. Several counters, however, registered either good gains or bad losses. The Business Times index rose to a new high of 485.40, a gain of 2.54 points largely on the strength of a182 words
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Article109 1977-12-16 1 Rites Most active MBS 2.80 .15 O. Ceramics 152,000 Carlsberg 3.84 .10 B. Raya 141,000 Dutch Baby 1.29 .09 Cen. Sugars 135,000 Perils Plant 1.47 .07 High and Low 73.000 Sentosa 2.26 .07 .05 .05 Total Turnover: 1.88 M K.L. Kepong NST 1.50 5.35 Total Value: MS3.44109 words
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Article764 1977-12-16 1 TOKYO INTERVENES HEAVILY Reuter THE BANK OF Japan yesterday bought US$75O million (5J1.77 billion) in five hours but failed to prevent the US currency plunging to a record low against the yen on the Tokyo foreign exchange market. Money experts said it was the biggestReuter - 764 words
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Article69 1977-12-16 1 AMERICAN and local bank® here were primarily responsible for the drop in the LS dollar against the yen in the European markets on Wednesday. In one of the heaviest selling blitz by banks here, they unloaded the major part of their dollar holdings in Europe alter Tokyo69 words
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Article276 1977-12-16 1 TOTAL cargo handled at Singapore's wharves In October rose to Its highest level this year. At 6.1 million freight tonnes (FTs) It also represents a 14.6 per cent increase over the similar 1976 period. For the first 10 months of this year, total cargo handled came276 words
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459 1977-12-16 1 JOHN TAN - •y JOHN TAN MONEY supply growth for < most of last year was caused by capital Inflows Into i Singapore. It was only In l the last quarter that bank < credit extended to the private sector took over as < the main expansionary in-459 words
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407 1977-12-16 1 KUALA LUMPUR. Thurs. British and Malaysia aviation experts began urgent technical talks Tate this evening on Malaysia's objections to the British Airways-Singapore Airlines supersonic Concorde using its airspace. The agreement to hold the talks was reached after a 45-mlnute meeting this morning between the407 words
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Article123 1977-12-16 1 Reuter BRUSSELS, Thurs Luxembourg will remove the 10 per cent value added tax (VAT) on transactions of monetary gold from Jan 1. Finance Minister Jacques Poos said the Luxembourg Parliament passed the 1978 budget law for the Grand Duchy which includes the lifting of the taxReuter - 123 words
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271 1977-12-16 1 FIXED RATE negotiable certificate! of deposit expressed in US dollars will be issued from Jan. 3. Announcing this yesterday, the Monetary Authority of Singapore said that 25 banks in Singapore have been given permission to issue them. The fixed rate CDs,271 words
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590 1977-12-16 1 TERESA LIM - ■y TERESA LIM ONE OF Britain's largest publishers will set up a publishing facility In South-east Asia next year. Singapore is a major consideration for the site of the proposed regional facility, but much will depend on the availability of editorial talent here. Paul Hamlyn,590 words
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Page 1 Advertisements
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Advertisement65 1977-12-16 1 SAFE WITH AN ITOKI SAFE BUSHKSS MACHMCS SYSTWBiSim.ITD 47 Podium Block QoidtHii Norton Bend. S n g*t)cxe 1 l T*' 2MISW Cat><« BUSNESTEMS S«n9«pO»« SEE BACK PAGE INSIDE Overseas Newt/ TV Overseas Stocks -P7 Radio -P2 Commodities -P8 Overseas Transport ft CommuniNews/Croas words -P3 cations -PS Local Co. News -P465 words
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Advertisement196 1977-12-16 1 MEC Your link to world markets When the world is your market you'll need a bank with international capability and service to handle your dealings efficiently and with a minimum of fuss. Whatever your requirements and wherever your business take you, we've got the right connections for you. Whether you196 words
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Advertisement8 1977-12-16 1 SEE BACK PAGE SEE BACK PAGE, COL 18 words
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Advertisement223 1977-12-16 1 +$,'!^;\.>"+]{*"|@=(\\$,}^:*;|; «jr <* Wayfoong MAF A kmJtag band wbtnyou naaJk most "If only I had the money.. John Tan, private businessman "If only he'd talk to us." Wayfoong MAF Many a sound business venture chase to large capital loans, would never get off the ground if it So, if you223 words
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OVERSEAS
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Article144 1977-12-16 2 AP SALISBURY, Thurs. Rhodesia will need more, not fewer, skilled whites under a one man, one vote government, according to an article In the Commerce magazine, official organ of the Associated Chambers of Commerce of Rhodesia. A top_Afrlcan nationalist quoted in the article called "BlackAP - 144 words
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Article837 1977-12-16 2 SMALLER GROWTH TARGETS IN '78 NYT MOSCOW, Thurs. The Soviet Union yesterday announced plans for low growth rates in key sectors of its economy next year, including the smallest Increase in heavy industrial production since the end of World War Two. In a speech filled withNYT - 837 words
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Article141 1977-12-16 2 Reuter MOSCOW, Thurs. The Soviet Union has indicated that it will buy between eight and 15 million tonnes of grain from the United States during the 12 months up to next October, Assistant US Agricultural Secretary Dale Hathaway said yesterday. The purchases would probably be closerReuter - 141 words
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Article133 1977-12-16 2 UPI WASHINGTON, Thurs. The US Department of Agriculture (USDA) yesterday announced a slight reduction in its estimate of world coffee production, but ■aid the crop remains far above last year's level. Official said their third global production estimate for the 1977-78 season is 69.6 millionUPI - 133 words
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Article89 1977-12-16 2 Reuter WASHINGTON, Thurs. President Carter said the US unemployment rate Is disturbing but noted there has been a big Increase in the number of Americans holding jobs. Speaking to a group of black leaders at the White House, he said he finds it especially disturbing that theReuter - 89 words
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Article206 1977-12-16 2 Reuter WASHINGTON, Thurs. President Carter had persuaded key Congressmen to continue work on his energy programme despite an earlier decision to suspend debate and adjourn tor Christmas. White House press secretary Jody Powell said the President appealed to committee members for further efforts to come toReuter - 206 words
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312 1977-12-16 2 Reuter NEW YORK, Thurs. Some action is expected next year on proposals that the US government sell tin and buy copper, two leading executives told a meeting of the National Association of Recycling Industries (Narl). Mr. Robert Kenkel, president of Federated Metals Corp,Reuter - 312 words
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Article489 1977-12-16 2 Reuter AP NEW YORK, Thurs. A long-heralded US farmers' strike for higher prices began yesterday with tractors blocking grocery warehouses In Texas, whole towns shut down In sympathy in rural Georgia and police clearing picketing farmers from stockyards in Oklahoma City. Grain sales were slowReuter; AP - 489 words
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Article52 1977-12-16 2 Reuter NEW YORK, Thurs. Argentina said yesterday, Ford Motor Company plans to invest about US$2O million (Ss47 million) over the next two years In Argentina to raise its workforce in that country by 10 per cent from the current 11,000 and to raise production capacity 30 perReuter - 52 words
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743 1977-12-16 3 LOSS OF COMPETITIVE EDGE NYT WASHINGTON, Thurs. American exports have been growing since the second quarter of 1975, but not as rapidly or as steadily as imports, especially imports of oil. The result has been a trade deficit approaching US$3O billion (Ss7l billion) thisNYT - 743 words
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194 1977-12-16 3 Reuter LONDON, Thurs. The oil countries invested an estimated US$2.9 billion (Ss6.B billion) of their surplus funds In the US in the third 1977 quarter against $2.5 billion in the second The Bank of England said that the US share represented a slightly higherReuter - 194 words
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Article179 1977-12-16 3 Reuter WASHINGTON, Thurs. US Treasury Secretary Michael Blumenthal said prospects are reasonably good for New York City to re-enter the short-term public credit markets by June. In testimony before the Senate banking com- mittee, he said despite the possibility of re-entry in fiscalReuter - 179 words
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Article71 1977-12-16 3 AFP TOKYO, Thurs. A Japanese employer can dismiss a married female employee for reason of business rationalisation the Supreme Court ruled today. It upheld a district court ruling thatpurukawa Mining, a major Tokyo-based copper refining company, dismissed Mrs. Matsuyo Watanabe, 42, not to discriminate against women, butAFP - 71 words
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491 1977-12-16 3 Reuter PHILADELPHIA, Thurs. Real growth in the US gross national product Is expected to be about 4.5 per cent next year and 4 per cent In 1979. Wharton Econometric Forecasting Associates, in a quarterly forecast for the US economy, noted the QNP forecastReuter - 491 words
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236 1977-12-16 3 Reuter BONN, Thurs. Leaders and finance ministers of the Western countries must decide on joint action to stem the dollar's slide, Mr. Robert Dhom, management board chairman of Commerzbank AG, said. Asked if he thought such a meeting was desirable after the lackReuter - 236 words
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75 1977-12-16 3 Reuter LONDON, Thurs. The Bank of England said it has signalled the London discount market, via money market operations, Its desire for short-term interest rates to remain stable for the time being. The bank said it did so by lending between £50 million toReuter - 75 words
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356 1977-12-16 3 Reuter LONDON, Thurs. UK November visible trade showed a £73 million (***** million) surplus against an October surplus of £46 mUllon, (revised upwards), and compared with trade deficit of £453 million In November, 197®. The Trade Department said the current accountReuter - 356 words
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Article170 1977-12-16 3 Reuter LONDON, Thurs. The prospects for a further general reduction in consumer prices In the major Industrial economies now appears more limited. The Bank of England said In Its quarterly bulletin that "little further benefit can be expected from food and raw material price movementsReuter - 170 words
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Article136 1977-12-16 3 Reuter BANGKOK, Thurs. The World Bank Is studying some proposed development projects In Laos for which it might provide finance help, Mr Shaid Husaln, regional vice-pre-sident of the World Bank for East Asia and Pacific, said. Mr Husaln, who visited Laos this week, saidReuter - 136 words
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Article44 1977-12-16 3 Reuter LONDON, Thurs. Britain is slowly closing the wages gap between men and women. The Department of Employment said yesterday that women's average earnings were now more than 75 per cent of men's earnings compared to 63 per cent in 1970. ReuterReuter - 44 words
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765 1977-12-16 3 Reuter FRANKFURT, Thurs. The Bundesbank is likely to cut bank and Lombard rates by one-half per cent each today in an effort to dampen foreign exchange market unrest, and to bolster the Oerman economy which Is labouring under the influence of the mark'sReuter - 765 words
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Article76 1977-12-16 3 Reuter GENEVA, Thurs. Developing countries here said Industrialised states appeared to lack the political will to draw the right conclusions on what to do about the growing external debts of the world's poor nations. Mr. Korle Glover-Akpey of Qhana, speaking at a UN meeting added: "AccessReuter - 76 words
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250 1977-12-16 3 Reuter PARIS, Thurs. Both Switzerland and France have improved their trade performances but improvement in France's trade position remains fragile as it depends on the low level of activity to some extent. Deputy Finance Minister Robert Boulln told the Economic and Social Council, however, thatReuter - 250 words
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Page 2 Advertisements
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Advertisement379 1977-12-16 2 -v St K>' V 'ui?- Uf H *-> 1 4? ~A :'*k*-. < c t i m tf > >. ffnwßmm v A M TT V %v W* >■—- C 4 -i w*- > ST jtp^r;v j IT# >s«* 7l« Sk jm: X v y>:f K'* S rx-j> T m379 words
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Page 2 Miscellaneous
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Miscellaneous7 1977-12-16 2 Hes iof?»TiHG rr up for \Tv«. woosc.Journal...7 words
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Miscellaneous322 1977-12-16 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Dec 15 at Singapore airport. Maximum Temperature 31.2* C Associated Humidity 66 Minimum Temperature 23.0° C Associated Humidity Hours of Sunshine 785 Rainfall in Millimetres 1.2 Total Rainfall for tike Month 114.0 Total Rainy Days for the Month322 words
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Page 3 Advertisements
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Advertisement18 1977-12-16 3 I season... lit f I m ••-■■':*>■■■ -i %J I*. X 4 m* '< > *"1* t:"z± s h' v^Jr'caL£B*» Y:»18 words
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Page 3 Miscellaneous
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Miscellaneous580 1977-12-16 3 THE TWO-IN-ONE CROSSWORD X D 1 CRYPTIC PUZZLE ACROSS 1 Contend with Kenneth (4) 4 Outstripped on the track? (8) 8 Like pea-soup, there's nothing in it (3) 10 Space needed for a really big fight (4) 13 Wet and dry, it's a beautiful district (8) U Fliers, of course580 words
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COMPANY NEWS
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Article535 1977-12-16 4 DIVIDEND UNCOVERED DESPITE a marked deterioration In Its earning capacity, Chemical Industries (Far East) is dipping into Its reserves to make a dividend payout for the year ended March 31,1977. With a first and final dividend of 10 per cent of which 4.5 per cent535 words
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Article365 1977-12-16 4 Current Ex Data Total for Total for Data payable the year proviouiyoar TlMk ClflMBt 7%%(J) Oct 26 Dec 17 12.5% MImtiI Sacuritieo 10% Dec 1 Dec 19 20% 12.5% Toshiba 12* TE Nov 29 Dec 21 12% UIC 20% Dec 5 Dec 22 20% 10% B.M.Truat 10% Dec365 words
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COMPANY MEETINGS
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19 1977-12-16 4 THE following company meetings are due: Dec 17 at 21 and 23, Jalan Hussein. Ipoh.19 words
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Article17 1977-12-16 4 Dec 17 at 19th floor, Clifford Centre, Raffles Place, Singapore 1 at 12 noon.17 words
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19 1977-12-16 4 Dec 22 on 31st Floor, UIC Building, Shenton Way, Singapore 1 at 9.30 a.m.19 words
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22 1977-12-16 4 Dec 23 at Its registered office, Jalan 13/4 (Jalan Bersatu) Petallng Jaya, Malaysia at 12 noon.22 words
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22 1977-12-16 4 Dec 27 at the Registered Office, Penthouse, 10th Floor, Wlsma Central, Jalan Ampang, Kuala Lumpur at 10.30 a.m.22 words
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464 1977-12-16 4 UNIT holders of the Singapore Growth Fund will receive a substantial increase In their Investments for the eighth accounting period ended Nov 5, 1977. Announcing this In a press release yesterday, the managers Chartered Unit Trust Management say for those units held for the full464 words
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457 1977-12-16 4 SELANGOR Dredging which in the last financial year produced a remarkable four-fold Jump in pre-tax profit to Mf 18.69 million Is set for another whopping profit for the current year ending March 31, 1978. Already at the half-way mark the company has turned in457 words
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951 1977-12-16 4 FT 51 NEW YORK, Thurs. For a -y manufacturer with intense Japanese competition, there appear to be four main options. One is to give up. The second is to appeal to the Government to keep Japanese imports out or at least to negotiateFT - 951 words
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Article1343 1977-12-16 4 On Dec 14 VOLUME on the Chicago Board Options Exchange rose slightly to 76,550 contracts on Wednesday from 74,367 on Tuesday. Advances led declines 302 to 172. OPTION JAN APL JLV STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel All R AtlR1,343 words
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231 1977-12-16 4 GENERAL Lumber (Holdings) says its wholly-owned subsidiary, General Fabricators and Builders has sold off a piece of land in Petaling Jaya together with all buildings, plant and machinery for M 52.19 million. Revealing this to the Stock Exchange of Singapore, the company says231 words
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Page 4 Advertisements
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Advertisement467 1977-12-16 4 This announcement appears as a mailer of record only. November, 1977 C. ITOH CO. (H.K.) INTERNATIONAL LTD. Registered with limited liability in the Islands of Bermuda and wholly owned by C. ITOH COMPANY (HONG KONG) LIMITED U. 5.515,000,000 8V» per cent. Guaranteed Notes Due 1984 unconditionally and irrevocably guaranteed, jointly467 words
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Article309 1977-12-16 5 ASIAN COMPANIES Reuter CBR said the world steel lnremains depressed and iron ore shipments from the Mt Newman Joint JL are currently restricted by reduced demand. Depressed world steel f° n di tlon 3 have led to the shelving of plans for expansion of MtReuter - 309 words
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Article81 1977-12-16 5 Reuter BROKEN Hill Co (BHP said the Flounder Six well in the Bass Strait has reached a total depth ol 2,621 metres and conventional cores and wireline logs indicated the presence of hydrocarbons below 2,485 metres. A series of formation Internal tests are being run toReuter - 81 words
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Article52 1977-12-16 5 Reuter TOYOTA Motor Co said it was recalling 9,819 commercial vehicles, Including 2,882 units exported to Australia, Nigeria and Britain, to replace defective fuel tanks. The recall, including 12 different models of its HiAce series vans, station wagons and ambulances, will be completed by next March, ItReuter - 52 words
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Article165 1977-12-16 5 UPI TOKYO Shibaura Electric Co (Toshiba) announced it i will open a factory in the suburbs of Nashville, Teni nessee, for production of television sets starting next summer. A company spokesman said the plant will be operated by a wholly owned subsidiary of ToshibaUPI - 165 words
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Article134 1977-12-16 5 Reuter FOUR of six foreign companies abandoned their search for oil in the Bay of Bengal and terminated oil exploration contracts with the Bangladesh Government, presidential adviser Ashfaque Hossaln Khan said. The four companies are Superior Oil of Canada, Atlantic Richfield Co, and Ashland OilReuter - 134 words
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Article332 1977-12-16 5 NORTH AMERICAN COMPANIES Reuter EXXON Corp director and senior vice president Jack Bennett said exporting countries have made no requests for a move away from the dollar as the principal currency for oil payments. Bennett, a former US Treasury Under-Secretary for Monetary Affairs, saidReuter - 332 words
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720 1977-12-16 5 EUROPEAN COMPANIES FT THE loss-making British Steel Corporation has achieved what appears to be a breakthrough in wlnnlng trade union cooperation for phasing out its high-cost plants. Steel union leaders have agreed to local negotiations that could bring forward by about a year the closureFT - 720 words
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Article309 1977-12-16 5 FT TAXABLE profit for the half year to Sept 30, 1977, of Norcros expanded 22.5 per cent, from £4.53 million to £5.54 million on higher group sales of £97.19 million against £78.22 million. A breakdown of sales, including share of associates, shows that there wasFT - 309 words
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Article155 1977-12-16 5 Reuter THE board of ICL has said it Is confident a further significant growth in turnover and profit will be achieved In the current year ending Sept 30,1978, given a continuing improvement in industrial relations. The company started the current year with a larger orderReuter - 155 words
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Article1465 1977-12-16 5 FT WHEN the going gets tough for a company and its very existence may seem in doubt, it is generally easier for management to make unpleasant decisions, especially those involving the loss of a large number of Jobs. Once a healthier situation is restored it becomesFT - 1,465 words
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214 1977-12-16 5 Reuter THE board of Glenlivet Distillers said it unanimously recommends tne orrer by Seagram Investments. The Glenlivet board will propose a capitalisation issue of ordinary shares on a four-for-one basis and If this Is approved, the offer price per share will be appropriately adjusted. Under theReuter - 214 words
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Article83 1977-12-16 5 Reuter GUTHRIE Corp said operating profit for 1977 will be considerably higher than In 1976 and with a lower effective tax rate earnings attributable to ordinary shareholders likely to be at a record level Earlier Guthrie reported more than doubled pretax profit 0f£11.14 million on sales of £144.72Reuter - 83 words
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Article89 1977-12-16 5 Reuter KLOECKNER-WERKE said its earnings for the year ended Sept 30 are significantly worse than those of the previous year, when it declared a 90 million mark net operating loss. Kloeckner Werke said in a report advantages derived from acquiring the Maxhuette smelter have not offset steelReuter - 89 words
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Article41 1977-12-16 5 THE Inco US$5O million note issue due 1984 had its expected coupon fixed at 8 and the Issue was priced at par while the second part consisting of 100 million debentures due 1992 had It set at 9 per cent.41 words
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187 1977-12-16 5 MAKINDUQUE Mining Industrial Corp will offer the Philippine Government a 25 per cent stake in its equity, up from the present share of about 12 per cent, executive vice-president Jacob Cabarrus said. Discussions have been going on for some time and a187 words
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Article79 1977-12-16 5 Reuter NIPPON Electric Co said it won a 2.6 billion yen order from the Austrian Transport Ministry for a complete earth station system for satellite telecommunication. The station, with 100-feet diameter parabola antenna and communication equipment, would be built In Aflenz, about 95 miles southwest ofReuter - 79 words
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Article23 1977-12-16 5 Reuter MIM Holdings said It raised its copper price, equivalent wirebar basis elf Australian ports, to Asl,loo per tonne from $1,080. Reuter.Reuter - 23 words
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Article112 1977-12-16 5 Reuter UNILEVER US said it is filing an application with the Internal Revenue Service to obtain a favourable tax ruling on its proposed merger with National Starch and Chemical Corp. Unilever, which said receipt of a favourable ruling is a condition of the proposed merger, notedReuter - 112 words
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189 1977-12-16 5 Reuter THE Bundesbank said internationally operating companies have been building up their financial holdings in Germany during the recent period of currency unrest. German-based companies raised a net 3.5 billion marks worth of financial credits abroad over the three months from August toReuter - 189 words
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Article66 1977-12-16 5 Reuter BANCO Ambrosiano is studying the possibility of raising US$25 million through a five-year floating rate note issue, at a margin of one quarter point over Eurodollar rates, a bank official said. This would be the bank's first public loan issue on the international market, butReuter - 66 words
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Article54 1977-12-16 5 Reuter NEDERLANDSCHE Mlddenstandsbank said It received permission from the Swiss bank authorities to acquire the 15 million Swiss franc share capital of Transltbank Zurich (TB). From Jan 1, 1978 the name of the bank will be Nederlandsche Middenstandsbank (Schwelz). Major shareholder of the bank was the Lelf Hoegh shippingReuter - 54 words
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Page 5 Advertisements
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Advertisement87 1977-12-16 5 (This Advertisement appears as a matter of record only) PERANGSANG RIO TINTO (M) SDN. BHD. (A Joint Venture Company comprising Kumpulan PcrtnEitnc Selangor Bhd., Conzinc Riotinto Malaysia Sdn. Bhd., Syarikat Lnmbong Setapak Bhd.) M 524,000,000 8 YEAR TERM LOAN FOR FINANCING MALAYSIA'S LATEST GIANT TIN DREDGE MANAGED BY Chartered Merchant87 words
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Article1796 1977-12-16 6 sS f' K ncnoNONB INDUSTRIALS Vol Dai (*660) Higi r Lm SECTION ONE INDUSTRIALS xu <21 138 unch 12.ON 1.3 S.I 9.3 1 IM iw •7* IM Alcom 105 10 00ft AO m a «J n. g M* 5T Ben 61-1 73 118 I 1 1 fTffic.1,796 words
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Article1115 1977-12-16 6 :9| BID aad afltr arieae eflldeiH G II S II •< j. ..iu II SS™" "J"" innMl«d. XU 1 II nsdlauimt Cbntrmcta an 1 II Sf^S 1 "Batt". 2 II d 1 (l i II ztl bb" 4 ,w j II SECTION ON* 2 ■41 1 I1,115 words
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Article1263 1977-12-16 6 PVL priam officially J 1 1 1 bueinee* in and reported to the Kuala Lumpur Stock Exchange yeetorday with the number of ihare* traded shown in bracket* 1* f ««iU unleis otherwite tpecifted. INDUSTRIALS A|M»mete (2.10B). Ateem (l.*»B 1 708) 1 14# > <*> 1 A.M.O. (0.5781,263 words
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Article44 1977-12-16 6 STRIKING prices of the •tock options officially listed on the Stock Exchaace of Singapore, the periods, bid and offer prion and business done yester* dny, with the number of options traded shown in brackets. C end C (Dec 91 90) (0.645). IW44 words
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Article145 1977-12-16 6 8INGAPOH UNIT TBUBT h, n_ CNOOMX BOND UNFT The Commerce The a* vint Fund 171 l.N 1.06 l.U (Cm 111 INCOME BOND Km) 1.06 1.16 S pore Prof Fund 0 64 ON MABA BUMIPU TEA FUND 8'port Security (M«a«— prim > *r Dm «6> Fund 1.63 1.73 First145 words
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Article123 1977-12-16 6 B O T 8 1/2* 1991 (100.000) (IOOHB 101H8) BO T 7 VB% 1994 (100,000) (90*B 97*8) LTCB J 1992 (100.000)(99HB Credit Lyoanais Fioatinc 1903 (100,000) (97*8 98*8) P S SCenverU 0 1/2* 1991 (100,000) (95*8 90*8) D B 8 8 1/2* 1992 (100,000) (IOOVtB 101*8) I B123 words
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Article72 1977-12-16 6 R«P Spore 7 3/4% (100.000) (MSB 100*8, ffi, (2SO 000 'ioo'wb Soi'JS? imj&n"™** <2MOM > (VSb »'<&'?* (2SOOOO > <mSSB,' /,2/M <250 000) 100*08)® (280 000 >( w ®»B 7 1/4% 11/4/ M (250.000) (100.35B) 7 1/4% li/lt/M (250,000) (100.45B) 7 1/4* l/S/87 (250,000) (100.458 100.658) 5 1/1%72 words
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Page 6 Advertisements
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Advertisement611 1977-12-16 6 sinGQpura FORUM jj HOTEL 586 Orchard Road, S'pore T«): 37U22 408/407 Harelock Road, S'pore I. Tel: *****1 FMfeßir ot You ll love the jlynamlc and versatile Tanla S?oSlS? yeWer -wu todarl^ Only happens at the Pebble Bar Dally (except Sunday) open till 2.00 a.m. Coffee Shop f OurQuiek Businessmen's Lunch611 words
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Article, Illustration620 1977-12-16 7 TRADING turned quiet and prices generally marked time «n the Stock Exchange of Singapore yesterday. TJe mini-rally seen en Wedneeday proved to be a mere flash-in-the-pan, and not the fore-runner of the much awaited December rally. As the year-end draws closer, many investors and other market operators620 words
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Article343 1977-12-16 7 THE Kuala Lumpur Stock Market continued to Improve slightly in lacklustre trading yesterday. Prices were initially traded at around overnight levels before some light buying interest pushed values fractionally ahead. However, sentiment remained essentially cautious, and for the greater part of the day, activity was slow. Traders,343 words
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Article349 1977-12-16 7 HONOKONO: Share prices closed easier In moderately active tradlnc yesterday, led by Honctua* Buk which fell 30 cents to HKSIB.OO on news on Wednesday that Japan Line will seek deferment of 13.4 billion yen of debts. Dealers said Hongkong Bank will not be directly affected by Japan Line's difficulties,349 words
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Article457 1977-12-16 7 TOKYO: Share prices closed lower yesterday, led by export orientated issues, on growing concern over the yen's appreciation. Dealers said the Dow Jones average fell 1193 to close at 4,797.04 with volume 240 million shares. The new Index closed at 357.27, down 1.37. Electrlcals, motors and precision Instruments led457 words
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Article431 1977-12-16 7 SYDNEY: Uranium stocks fell sharply in late trading yesterday on news that the Australian Council of Trade Unions is recommending a ban on uranium exports. i D ss' e P*acoatiß«nU] closed 40 cents lower at A 510.20 after rising as high as 110.90 earlier. Queensland Mine* fell v 5431 words
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Article144 1977-12-16 7 MANILA: The market closed mixed yesterday with commercials declining minimally while minings and oils rose slightly. Dealers said turnover fell to 3.08 million pesos from Wednesday's 5.03 million. Atlas rose six points while other mining issues were slightly higher Olli recovered slightly while In commercials, Manlee lost two points144 words
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Article130 1977-12-16 7 DEC IS Bahts Asia Fibre 253 +t Bangkok Bank 381 unch Bangkok Invest 334 +2 Bangkok If etropolftan Bank Mk 710 -2S Berh Jucker 562 unch Charoong Thai Wire 308 unch 1 Dutnex DusitThani I Faber Merlin First Trust 313 unch Oenera Finance Indo-Thal Industrial Finance Corp 2085 +20130 words
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Article297 1977-12-16 7 AMSTERDAM: Share prices fell on Wednesday, with the dollar's continued decline depressing Dutch internationals. Dealers said Heegeveas reached a new low, however, Philips rose 0.00 guilders on the news of its share in a Saudi telecommunications contract. Elsewhere, shares were generally lower, although Insurances were mixed. Heiaakaa lost most297 words
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Article140 1977-12-16 7 BRUSSELS: Belgian share prices closed mostly lower in very nervous trading on Wednesday after the Belgian Bank rate rose to 0 per cent. In foreign stocks. UK. Dutch French and US fell. Germans P were little changed and Cana- n dians were mixed. sJ Oold mines rose slightly d140 words
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Article279 1977-12-16 7 f.?- A yy F>Uß r: Share prices closed lower on Wednesday. aW amon motors, BMW tost 4.90 and VW 4.00 Mi'nin HeMiag fellone mark while Dm 1m far closed unchanged after being three marks down. Engineerings and stores fell up to three marks, led by Dmi J «0. Dresdaar279 words
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Article172 1977-12-16 7 MILAN: The market closed selectively higher on improved trading on Wednesday which Is mainly attributed to reduced selling pressure and some bear covering. Dealers said the general market undertone, however, was termed cautious by some sources pending results of the government proposals which will be put to unions and172 words
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Article338 1977-12-16 7 PARIS: Disturbed currency markets and an opinion poll showing the governing majority does not seem to be increasing Its potential vote made for an easy tone on Wednesday. Dealers said banks were mixed but foods, engineerings and stores lost ground. Pachinay was unchanged at 76.00 francs despite forecasts of338 words
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Article293 1977-12-16 7 ZURICH: The market closed narrowly mixed In moderately active trading on Wednesday. Dealers said currency considerations and November Swiss foreign trade figures were contributory factors for the relatively resistant performance of the bourse, despite the dollar weakness. Leading banks were irregular. Leu Bearer firmed while Kraditaaatait lost ground. Laadis293 words
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Article388 1977-12-16 7 JOHANNKBBURO Ootd shares held stead* at the day's higher Jewels on Wednesday, on higher bullion indications and renewed interest. Dealers said heavyweights (Coined up to 100 cents white 5f hter w *ht stocks were up to 10 cents firmer. Mining Financials were Quiet, and occaslonalyr higher in line with388 words
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Article230 1977-12-16 7 TORONTO: Share prices closed higher in active trading on Wednesday as gains In metal, oil and real estate Issues pushed the Composite Index up more than five points. Advances outnumbered declines 214 to 205. Closing volume totalled 5.76 million shares against 5.83 million shares on Tuesday. DSC U CI230 words
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Article1090 1977-12-16 7 NEW YORK: A late rally pushed stock* higher on Wednesday after a day mostly in the minus column. Analysts said the rally developed after prices failed to retreat In the face of bad news about the dollar and disappointing early December car sales figures. They noted that Institutional1,090 words
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Article61 1977-12-16 7 FINANCIAL TIMES INDUSTRIALS Wednesday 474.0 Tuesday 476.9 Week Ago 485.3 DOW JONES AVERAGE INDUSTRIALS Wednesday 822.68 Tuesday 815.23 Week Ago 807.43 LONDON DOLLAR PREMIUM Wednesday 93* to 94 Tuesday 03* to 94* K.K. HANG SENG Wednesday 418.90 Tuesday 418.21 Week Ago 421.09 SYDNEY INDUSTRIALS Wednesday 394.43 Tuesday 393.45 Week61 words
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Page 7 Advertisements
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Advertisement373 1977-12-16 7 SINGAPORE Tanglin Circus, S'pore 10. Tel: *****1 Brasserie La Rotonde Speciality de Cafe Expect the unexpected! Dally specials that are as fresh as a new day. Today's special could be meat. Or seafood Even hors d'oeuvres. But whatever it is, it's fresh. And prepared as only our chefs know how.373 words
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COMMODITY REPORTS AND PRICES
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Article392 1977-12-16 8 OPENING quotations on the Singapore rubber market yesterday were marked down 2.75 cents in line with easier London advices and easiness here after Wednesday's close. The market then fell to a low of 195.00 cents on stale bull liquidation. The big drop in Japan also392 words
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Article29 1977-12-16 8 Rubber: Dec 15 Singapore: January 195.00 cents (down 3.25 cents) Malaysia: 195.30 cents (down 3.25 cents) Tins: $1,765 (down $15) Official offering: 188 tonnes (down 70 tonnes)29 words
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Article318 1977-12-16 8 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellerc Buyers Sellers Int. 1 R.S.S. prompt t o. b. 194.00 195.00N 194.00 195 00N Int. 1 R.S.S. Jan 1978 195 00 195.25 195 00 195 25 Int. 1 R.S.S. Feb 1978 196.25 196.50 196.25318 words
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Article119 1977-12-16 8 NOON SSR and SMR prices yesterday: RAS SSR 20 SSR 50 (1-ton pallet) (1 -ton pallet) January (Current Mtb) Buyers Seller* (cent* per kg) 191.50 193.50N 189 50 191 50N February (Forward Mtb) Buyer* Seller* (cent* per kg) 192 50 194.50N 190 50 192.50N MRELB SMR 5CV119 words
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Article61 1977-12-16 8 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Dec 15 until further notice: Rubber: 92 7/8 cents per pound Copra: *866 00 a ton Palm Kernel: *235.25 a ton The rates of duties payable are: Rubber: 15 5/8 cent* per pound (Total 2161 words
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Article485 1977-12-16 8 TRADING was quiet and slightly easier at the Singapore produce market yesterday. One reason for the change in trend was the continued uncertainty surrounding the US dollar. All grades of pepper were quoted $2.50 per plcul lower by the Singapore Chinese Produce Exchange while the other commodities stayed485 words
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Article271 1977-12-16 8 LONDON, Thurs. Terminal sugar gained £1.35 to C 0.75 per tonne at the opening call and held relatively steady in open trading. Dealers saw the rise as an extension of last night's steadiness both on the kerb and in New York, partly based on chart factor and general sentiment,271 words
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Article108 1977-12-16 8 HONGKONG, Thurs. The market was steady with prices unchanged to $2 higher, dealers said. Total turnover was 411 tons comprising Thais 131, Kwangtungs 190, and Australlas 90. There were no arrivals. (Prices In HK dollars per plcul, exgodown) Thai White: 100 pet old crop Ist class 100 00 nom.108 words
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Article57 1977-12-16 8 C.I.F Rotterdam U8 dollars per ton LONDON Malaysia 5% f fa bulk W«da—day Prrvinil Feb 497slr 505slr Sumatra 5% ffa Dec 550slr S40alr Jan SISpd 520sir Feb 500pd 505/507 50pd March April Nigeria 5% Ita bulk Sumatra 505/600pd 505/500pd «7 50/480pd unq 487 50/490pd unq Dec 525pd 540slr57 words
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Article297 1977-12-16 8 LONDON, Thurs. Coffee futures opened about steady £27 lower to unchanged compared to yesterday's close. Volume was 106 lots. Dealers said light dealerselling took prices lower but there was fair-scale-down buying interest on the decline. They attributed the easier tendency to strength of stg and yesterday's downturn in New297 words
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Article199 1977-12-16 8 THE STRAITS tin price In Penanj yesterday fell msls to $1,765 per plcul, on an official offering down 70 tonnes to 188 tonnes. The market fell in response to the continued slightly easier London advices, but some buying at the lower level were reported from the US and199 words
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Article316 1977-12-16 8 e LONDON, Thurs. Tert minal cocoa opened mostly £4.50 down from last night 0 to unchanged against New e York. Near March attracted good support from the trade. Spot December was t exceptionally £20 lower 1 although dealers said this e Month was subject to Irregular movement due to316 words
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Article223 1977-12-16 8 HONGKONG, Thurs. Sugar futures closed firmer In dull trading on low turnover, dealers said. March and May were the only Months traded, rising 0.23 and 0.21 US cents, respectively. The Hongkong dally spot sugar price rose 20 cents t058.35, reflecting the advance in the futures market, they added.223 words
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Article194 1977-12-16 8 YARN and cotton in Hongkong dollars, spot ex-godown: Csttss Yarn:- China Blue Phoenix 20 s 1,820. 32 s 2.060. 40's 2.130 (per bale of 400 lbs) Pteeo Goads.- China Butterfly and Qlobe Brand unq. Dragon Head unq. Five Lambs una. Flower and Butterfly unq. Flying Oeese unq (per194 words
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Article143 1977-12-16 8 CHICAGO, Thurs. Soybean futures yesterday, finished the session around the day's lows, posting losses of four to two cents a bushel. Trading was light through most of the session as prices firmed Initially on speculative buying but failed to hold the early gains. Prices slipped from the highs on143 words
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Article75 1977-12-16 8 CHICAOO, Thurs. Wheat \futures registered losses of 1-3/4 to one cent a bushel at the close, with prices at or just above the lows of a narrow trading range, yesterday. With commercial buying lending additional support, speculative buying took prices higher in early trading. Buying Interest was limited, however,75 words
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Article333 1977-12-16 8 LONDON, Thurs. Copper wire bars finished the morning with losses of mostly £6.50 per tonne. Values were marked down in early pre-market dealings under moderate liquidation prompted by the New York tone, the continued strength of sterling against the US dollar and lower gold this morning. Short-covering cushioned the333 words
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Article165 1977-12-16 8 LONDON, Thurs. Silver showed losses of mostly 0.8 pence. Values were marked modestly lower initially with gold and the trend In base metals a restraining Influence. However, with no undue pressure either way the market subsequently held steady in quiet dealings of 36 lots, about half of which represented165 words
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Article390 1977-12-16 8 THE KILOBAR opened slightly higher in the Singapore gold market yesterday at 5512,130. ud SS2O from the previous close. However, the market eased to 5512,075 with very little demand for kllobars at this level. The price stabilised at 5512.095 for a long while before closing at 5512,090. In LONDON,390 words
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Article45 1977-12-16 8 LONDON, Thurs. Zinc declined by £2.50 all round. Sales were 1,475 tonnes. On Wednesday, zinc closed with gains of £2.25 for cash and £2.50 for Three Months. The market was steady throughout the day on covering and fresh chartest operations which offset hedge selling.45 words
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Article41 1977-12-16 8 LONDON, Thurs. Lead fell by mostly £3.75. The market lost ground with profit-taking and hedge selling taking Three Months down to £376 on the kerb. Sales-were 2,500 tonnes. On Wednesday. lead closed with losses of mostly £0 75 per tonne41 words
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MONEY AND EXCHANGES
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Article611 1977-12-16 8 THE FOREX market was much calmer yesterday after the beating the US dollar took the previous day but there was still a slight upward pressure on the yen. Movement in rates was much reduced, particularly in the case of the US dollar yen counter. From an opening of611 words
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Article49 1977-12-16 8 ACBO 7 Algemene Bank 7 Bangkok Bank 7 HSBC 7 Bank of America 7 Indosuei 7 Bank of China 7 Bank of Tokyo 7 Malayan Banking Bank Nflf ara Indonesia 7 OCBC OUB Chartered Bank 7 UCB Chase Manhattan 7 DBS 7 UMBC UOB 7 749 words
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Article120 1977-12-16 8 Asian rates 1 ASIAN currency deposit Interbank 1 rates as at close on Dec 15: US Dollars < Spot) OfTsr Bid a/4 a ft/a .7 1/8 7 7 3/16 71/4 7 9/16 .7 9/16 7 7/16 7 5/8 Sw. Prs. Dni (middle prices) .21/2 2 9/16 2ll/is IUs. Ext. (Middle120 words
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Article44 1977-12-16 8 ££22 E by dUcount Overnight 2Vi% to 3%% Call deposit 34H to 3** CloClBf Buying Sailing 3-Month Treasury bills 31/4 31/B 3-Month Bank bills 4 7/S 4 3/4 3-Month CD 511/26 5 0/16 •-MONTH CD 515/1# 5 13/1« Source: National Discount Co Ltd44 words
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Article94 1977-12-16 8 Euro rates LONDON, Thurs. Period Eurodeposlts returned to normal levels after yesterday's technical falls due to the Friday start, dealers said. Bhortdates opened steady and trading continued fairly quiet. Day to day rates also traded steady in quiet routine business. Eurodollar deposits opcnlnc Quotes on Dec 15: Ownlftit 19-1/16, 18-15/1694 words
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Article54 1977-12-16 8 AUBTRALIA/NZ exchanges on Dec 15: AUSTRALIA AUS dollar 1 1306/1 1336 Sterling 0 6164/0.6112 Ninety-day air mall buying rates Sterling 0.6342 US dollar 1.1671 Ninety-day forward buying rates: Sterling 0.6147 US dollar ***** NEW ZEALAND Sterling 0 5475/0 5445 US dollar 1.0137/1.0037 Ninety-day airmail buying rates Sterling 0 566654 words
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Article236 1977-12-16 8 r LONDON, Thurs. Sterling opened firmer while the i dollar displayed a mixed tone against leading currencies, dealers said. The yen initially f weakened following very i heavy intervention by the Bank of Japan today to stem the yen's rise above 238 to the dollar. The mark and Swiss236 words
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Article172 1977-12-16 8 NEW YORK, Thurs. The dollar yesterday fell to its lowest trade weighted value since July 1975 In a hectic trading session after setting record lows against the mark and swiss franc. The Swiss franc closed sharply firmer at 48.25/30 cents from the overnight 47.62/64 but below the high172 words
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Article127 1977-12-16 8 TOKYO, Thurs. The dollar for overnight delivery closed at 238.00 yen, unchanged from the opening, but down from 240.25 yen at yesterday's close, after massive Central Bank intervention throughout theday, dealers said. The Bank of Japan bought an estimated $750 million at 238 yen to support the dollar, dealers127 words
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Article178 1977-12-16 8 HONGKONG, Thurs. The US dollar weakened against all currencies in thin nervous trading with the market waiting to see what Europe does later today. dealers said. Activity concentrated on the mark where the US dollar fell to 2.1295/1315 marks from 2.1355/75 In New York after falling to 2.1240/60. The178 words
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Article66 1977-12-16 8 ZURICH exchanges closing quotes on Dec 14. US 2.0680-0720 Stg 3 1109-4181 Can 1.6761-6799 D Mk 06 72-83 D n 89.20-26 F Fr 43.07-13 B Fr 6 1450-1525 i D Kr 34 03-97 N Kr 30 66-70 I 8 Kr 43 45-40 I Ut 0 2321-2363 Aus sch 1366 words
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Article45 1977-12-16 8 FRANKFURT exchanges opening quotes on Dec 15: US 2.1290/ 1310 Can 1 9480/9500 Ste 3 948/958 D F1 92.04/14 S Fr 103.34/45 Lit 2.437/447 F Fr 44 48/58 N Kr 40.97/41.07 B Fr (con) 6 358/388 B Fr (fin) 8 34/35 Yen 0 8965/8045 words
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Article301 1977-12-16 8 Eurobond prices quoted on Dec IS Straight* Walter Kklde 8W 85 PemexS 82 IU Overseas Finance 8%. 87 New Brunswick 8 84 Selection Trust 8*8# Flat 8 82 Hydro Quebec 8 92 Flsons 8*i 82 Telmex 8* 84 RHM 8 82 TNTB82 Midland Bank 8* 82 Ooetaverken 7S 82301 words
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Page 8 Advertisements
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Advertisement385 1977-12-16 8 from Penguin BELLOW 1976 Nobel Prizewinner IN PENGUIN 1976 Nobel Prize Winner is at his best again in his latest book 'To Jerusalem and Back'. As with his recent best-seller 'Humboldt Gift', Bellow's brilliant images emerge at frequent intervals like sunshine through fog, witty, clever, radiantly imaginative and without doubt,385 words
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334 1977-12-16 9 Reuter CAPE CANAVERAL, Thurs. The United States tonight launched the second satellite for Japan as part of its plans to develop a communications system in space. The delta rocket carrying the satellite lifted off the launch pad at 7.47 pm 10 minutes late toReuter - 334 words
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670 1977-12-16 9 NYT NEW YORK, Thurs. The Federal Aviation Administration Is looking into an unusual run of three incidents in the last two weeks in which, officials said, airliners over the New York area were given faulty instructions that brought them uncomfortably close to otherNYT - 670 words
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1303 1977-12-16 9 Reuter NEW YORK, Thurs. For the frazzled air traveller the cost, time and trouble of getting to or from an airport can be the worst part of the Journey, especially If he Is a stranger or ignorant of the local language.Reuter - 1,303 words
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Article, Illustration411 1977-12-16 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Ellen Bakke (after Columbia Maru Crlkvenica) 31/32 Kota Ball (1500 after Neptune Iris hauls Crlkvenlca sails) 33/34 Kota Oemblra (0700 after Slbonga) 1/2 Loon Chong (3EFD) (0600) 29/30 Loon Maru (3FOQ) after Banglar Sampad) /39 Maritime Shoun (P/O Tanker) (after Genevieve Lykes subject411 words
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Article680 1977-12-16 9 ARRIVALS Service Local Operator Number Time From CAL CI331 0040 TPE/HKG/KUL MAS MH601 0715 KUL KAL KE807 0800 SEL/MNL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0850 PEN MAS MH607 0900 KUL MAS MH671 0945 PEN/KUL OIA GA980 1030 HLP BA BA844 1030 LHR/MCT680 words
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Article, Illustration168 1977-12-16 9 BONN, Thurs. There are at least 380 million telephone receivers in the world today. This figure Includes, primary, peripheral, and (for some nations) simultaneously linked up receivers. A century ago, when postmaster general Helnrlch Stephan officially opened the first telephone system In Germany In 1877, fully168 words
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Article50 1977-12-16 9 HONGKONG, Thurs. Al Alami Shipping and Trading 00. Ltd has set up a Far East branch office here. Established in Jeddah seven years ago the company combines Saudi Arabian and Jordanian interests ane Is at present operating three bulk cargo carries on the Middle EastFar East route.50 words
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168 1977-12-16 9 AP BAHRAIN, Thurs. Oil Ministers of the Organisation of Arab Petroleum Exporting Countries have decided to build a supertanker dry dock on the southern coast of the Mediterranean, it was disclosed here. The announcement was made at the end of two sessionsAP - 168 words
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Article146 1977-12-16 9 AP LONDON Thurs. A marked lack of timecharter business coupled with persistent slow conditions on the single-voyage trades rendered the London freight market extremely slow yesterday. However, rates held approximately steady on the North Atlantic grain run when the "polyclippe" repeated $5.25 (FIO) for a 70,000-ton DecemberAP - 146 words
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137 1977-12-16 9 WASHINGTON, Thurs. The U8 1979 defence budget to be presented to Congress in January Includes $85 million to develop an advanced version of the British Harrier Jump-Jet fighter for the US Marines, Informed government sources said today. President Carter meets defence secretary Harold137 words
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Page 9 Advertisements
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Advertisement143 1977-12-16 9 MITSUI TRUST Beacon of Progress jyiii Now at Shan ton Way The Only Japanese Trust Bank Office in Singapore. We are Japan's oldest trust bank and command a key position in the Mitsui Group. Our sarvieas are worldwide •n scope. We have the rescerch capability, e worldwide network end the143 words
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Article, Illustration984 1977-12-16 10 LESLIE DOWD - By LESLIE DOWD DUBLIN: Ireland Is the fastest-growing state of the European Economic Community (EEC) and a new forward-looking mood is apparent among the Republic's 3.2 million people. It's economy is well placed to level, if not draw ahead of, that of Britain984 words
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Article, Illustration2089 1977-12-16 10 Franchising the best of both worlds Like many other business e developments, franchising has I spread from the US. Despite fluc- tuating fortunes on both sides of fhe Atlantic, it has established s itself as part of modern shopping v and eating habits. Elinor Goodman outlines the British experience. FTFT - 2,089 words
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Article1089 1977-12-16 10 DAVID WHITE - By DAVID WHITE FT GENEVA: The Third World countries interrupted recent discussions with the world's rich and developed countries about setting up a fund to help stabilise commodity prices. Two weeks ago, they accused the major Western nations of not having the political will to goFT - 1,089 words
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Article, Illustration668 1977-12-16 10 GROG SMOSARSKI - ■y GROG SMOSARSKI FT RIO DE JANEIRO: A welcome surprise has come to Rio at the start of its sweltering summer. Cold beer at the seafront cafes a commodity as heavily in demand as coffee has suddenly become cheaper. The standardisation of beer prices,FT - 668 words
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Page 10 Advertisements
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Advertisement54 1977-12-16 10 NOW ON SALE at your regular bookshop. The phenomenal bestseller which has taKen America by storm onrfrc'V b ,L" Ck American «earch 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 now.54 words
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298 1977-12-16 11 THE PRESENCE of Informal groups within an organisation could ease a manager's task In motivating his subordinates. On the other hand, difficulties could arise from mismanaging them, according to Mr. Harry Lee, a management consultant with the National Productivity Board, who was speaking at298 words
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203 1977-12-16 11 Reuter ISLAMABAD, Thurs. Pakistan will seek more Western aid to alleviate its balance of payments problem when the 10-natlon aid consortium meeting; opens in Paris tomorrow. Informed sources said General Mohammad Zla-Ul Haq needs fresh aid to buy his government time to dealReuter - 203 words
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215 1977-12-16 11 PETALING JAYA, Thurs. A financial manager's need for information to plan and control should be met by a good cost system. The Malaysian Trade and Industry Minister Datuk Sri Hamzah bin Abu Samah said today that most business organisations appear to be contented215 words
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Article68 1977-12-16 11 Reuter WASHINGTON, Thurs. South Korea's 1977 rough rice harvest is estimated at 8.1 million tonnes, 11 per cent above last year's and Its fifth consecutive record crop. The US Agriculture De- partment's weekly, World Commodity Round-up said South Korea will export rice for the first time,Reuter - 68 words
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709 1977-12-16 11 FISHING OFF NZ NOT A SEPARATE ISSUE Agencies TOKYO, Thurs. Danish Prime Minister Anker Joergensen today urged his Japanese counterpart, Mr. Takeo Fukuda, to import more meat from his country and lower the tariffs. But Mr Fukuda only said that his government would considerAgencies - 709 words
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Article, Illustration396 1977-12-16 11 KUALA LUMPUR, Thurs. Malaysia expressed the hope that more positive cooperation would be forthcoming from Japan in future than was the case at the recent abortive Unctad Common Fund negotiations In Geneva. The Primary Industries Minister, Datuk Musa Hltam, said that396 words
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483 1977-12-16 11 Agencies TOKYO. Thurs. The Japanese Nlhon Kelzal Shlmbun newspaper expressed concern over increasing Australian economic nationalism over its mineral resources. Commenting in an editorial on the Fraser administration's landslide election victory, the paper said It hoped for "the stable development of relationsAgencies - 483 words
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Article, Illustration862 1977-12-16 11 RAHIM KASSIM - By RAHIM KASSIM WHEN YOU see a car wobbling unsteadily along the road, arrest It for drunken driving. You will probably find that wine has been used to power its engine. Wine, coke, coal dust, alcohol, gunpowder, wood are among some862 words
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Article163 1977-12-16 11 AFP JAKARTA, Thurs. Indonesian trade Minister Radius Prawlro said yesterday that he expected to settle problems concerning the handover of foreign companies' marketing activities to Indonesian national firms by Dec 20. The minister made the prediction in view of a scheduled negotiation here on Dec 19AFP - 163 words
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Article115 1977-12-16 11 BANGKOK, Thurs. Mr. Lee Kuan Yew flew in here at 3.30 p.m. today for a three-day unofficial viait aa Guest of Thai Prime [iniater Kr iang a k Chamanand. Mr Lee waa accompanied by hia wife, Foreign Miniater S. Rajaratnam, Finance Miniater Hon Sui Sen,115 words
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Article90 1977-12-16 11 THE WINE and Food Society of Singapore will be having Its annual president's dinner at the Marco Polo Hotel tonight. Mr. Jeremy Ramsey, president of the Singapore affiliate of the International Wine and Food Society, said that apart from this annual event, the society90 words
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Article32 1977-12-16 11 PARLIAMENT will be asked to approve the Government's plan to reclaim 17 hectares of foreshore and sea-bed at Sentosa In accordance with Section 4 of the Foreshores Act (Chapter 270).32 words
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488 1977-12-16 11 KUALA LUMPUR, Thurs. A recent "roundtable" meeting between Federal Industrial Development Authority (Flda) officials and leaders of the Malaysian private sector underscored the need for greater cooperation between both parties to increase the level of investment in the country. At the closed door session488 words
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Page 11 Advertisements
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Advertisement13 1977-12-16 11 Harveys Bristol Cream. The best sherry in the world. < h Eastern Agencies .'t13 words
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Advertisement51 1977-12-16 11 Ml t rr 5 rm n*«n I fr? tm r htmiin film: 2,M0 ami aft: 1.520 MM sl™. o—., 9/10.S kM/h IM MM/ 11 finny mmp AOMx!'aVsX, AO72X hidi FETIM (PRIVATE) LIMITED. FAR EAST TRUCK INCORPORATED MANUFACTURING (PTE) LTD t. TRACTOR ROAO. JURONG TOWN. SINGAPORE. 22 TEL: *****1. *****6 TELEX:51 words
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160 1977-12-16 12 Reuter ATLANTA, Thurs. Over-the-counter trading in stock of the National Bank of Georgia, suspended 10 days ago to allow Investors to digest the news that former US budget chief Bert Lance had found a buyer for his stock, will resume today. This was disclosedReuter - 160 words
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Article, Illustration279 1977-12-16 12 PROM PAGE ONE of total notes in circulation, followed by 18.3 per cent for $1,000 notes, and 12.6 per cent for $100 notes. Notes of $10 represented 11.2 per cent; $500 notes, 11.0 per cent; while the remaining' 9 per cent was spread279 words
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391 1977-12-16 12 Reuter BAHRAIN, Thurs. Pressure from Saudi Arabia, Iran and allied states in the Organisation of Petroleum Exporting Countries (Opec) appeared to have ensured that oil prices would not be Increased in 1978. Sources said this was confirmed in reports from Riyadh yesterday thatReuter - 391 words
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298 1977-12-16 12 Reuter BRUSSELS, Thurs. Against a background of worsening world trade climate, the Common Market Commission today announced anti-dumping action against alleged cheap imports from the United States and Japan. At the same time, the EEC said it is protesting at protectionist measures taken against itReuter - 298 words
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Article150 1977-12-16 12 THE Japan Industrial Exposition '77 at the Hyatt Hotel attracts more visitors than anticipated. Sinco the nine-day exhibition opened on Dee 10 it has drawn mere than 20,000 visitors. By noon on Wednesday, 21,112 people had already seen the exhibition, the organiser, Japan External150 words
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Article216 1977-12-16 12 WORKERS in the shipbuilding and repair industries have every reason to be proud of themselves. Mr Bernard Chen, Minister of State for Defence, attributed the industry's ability to ride the adverse effects of the shipping slump to their keen enthusiasm and high efficiency. Speaking to216 words
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Article74 1977-12-16 12 AP DETROIT, Thurs. The latest car sales figures for General Motors are down 13.6 per cent and getting the attention of analysts who see problems ahead for the motor car industry. The sales drop In the first 10 days of December, compared to the sameAP - 74 words
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Article810 1977-12-16 12 LONDON. Thurs. Government bonds rose by up to 1/2 point in early trading on a continuing favourable reaction to the UK November trade figures, announced yesterday and showed few changes subsequently, dealers said. The announcement of the UK November money staQk data, which indicated a moderate rise In810 words
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1122 1977-12-16 12 TOKYO, Thurs. The focus switched from Washington to Tokyo in the current Japanese American trade battle as Japanese and American government officials and leading Japanese Importers met to seek ways of expanding imports of manufactured goods from the US and Western Europe. In a brief1,122 words
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529 1977-12-16 12 Reuter UPI TOKYO, Thurs. The Finance Ministry declined to confirm or deny a local newspaper report that International Monetary Fund experts told Japanese officials Japan could achieve real economic growth of 8 to 9 per cent In fiscal 1978. A financial dally NlhonReuter; UPI - 529 words
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Article56 1977-12-16 12 AFP KUALA LUMPUR, Thurs. Claims for compensation arising from the Malaysian Airline System Boeing 737 crash In Johore on Dec 4 are likely to be thrashed out in court, it was reported here today. The Malay Mall said In a frontpage report that several people have alreadyAFP - 56 words
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144 1977-12-16 12 Reuter TOKYO, Thurs. Japan Line has foreign debts totalling 86 biflion yen (Ss64o million) but has no plans to seek deferment of repayment. A spokesman, disclosing this, declined to give details of the debts. He said the company has many ships on charterReuter - 144 words
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Page 12 Advertisements
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Advertisement175 1977-12-16 12 Steadily We Grow We're one of Singapore's youngest banks! Considering that the first account, established with us, is not yet four years old, we have already become a sturdy plant, firmly rooted in our garden city. Fertilised by satisfied customers, who entrust their business to us and who come to175 words
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Advertisement106 1977-12-16 12 Delicious food at its most glorious awaits you at H here gtxxi taste triumphs Cojne to Cockpit Hotel now lo discqver Singapore's most exciting new restaurant CHANTICLEER. Whlre a bojjnty oftbeauti|tj| awaits you. Taste the rr»st moibth-watering masterpieces of European cooking, prepared from only farm-freshest ingredients. Sip your choice of106 words
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