The Business Times, 17 December 1977

Total Pages: 12
1 12 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, DECEMBER 17, 1977 50 CENTS
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  • NEWS IN BRIEF
    • 78 1 Reuter PARIS, Frl. Japanese car-makers are unwilling to limit their share of the French market to less than 3 per cent compared with the present share of 2.8 per cent, their French counterparts said. Renault, Peugeot, Citroen and ChryslerFrance sent a delegation to Japan at the beginning of
      Reuter  -  78 words
    • 42 1 Reuter TAIPEH Frl. The International Monetary Fund (IMF) has urged Taiwan to halt the rapid growth of Its money simply. According to the IMF, the high liquidity of local banks Is a major reason for the rising money supply. Reuter
      Reuter  -  42 words
    • 66 1 AFP KUALA LUMPUR, Frl. Malaysia will Introduce two new grades of rubber on a commercial scale during the second half of next year, the chairman of Malaysian Rubber Exchange and Licensing Board (MRELB), Hajl Abu Bakar Pawanchee. said. The project will be undertaken by a local construction
      AFP  -  66 words
    • 56 1 Reuter HONGKONG, Frl. Developers are to build a tourist resort complex on Cheung Chau, one of Hongkong's attractive little offshore Islands where cars are banned. The HK$l3 million (556.5 million) project will include a hotel, tennis courts and a swimming pool. A yacht will be used to transport
      Reuter  -  56 words
    • 61 1 UPI GENEVA, Frl. Producer-consumer talks within the framework of the UN Conference on Trade and Development for preparing formal negotiations on a wide range of commodity arrangements was put back at least 10 months because of slow progress. These discussions originally were to be concluded by February
      UPI  -  61 words
    • 70 1 AFP BRUSSELS, Fri. Japanese Minister for External Economic Relations, Nobuhlko Ushlba, flew in here at noon today for trade talks with the European Economic Community which EEC aides predicted would be "very difficult". Mr. Ushlba, who arrived here directly from talks with the US administration In Washington
      AFP  -  70 words
    • 56 1 UPI NEW YORK, Frl. Against a meagre news background, prices drifted during the first hour in active trading today on New York Stock Exchange. The Dow Jones industrial average was off 0.7 point to 817.74 shortly before 11 a.m. (1600GMT). Declines led advances, 463 to 369, among the
      UPI  -  56 words
  • Chief Price Changes
    • 168 1 Rise* Most active Sungei Be*i Carlaberg 500 384 10 10 Olympla Haw Par 251.000 80,000 72,000 70,000 65 M M SPPL M UI OCBC F E Levingston M Cable* 70 151 585 200 170 +8 +7 +5 +5 +5 Cen Sugars Sigma Total Turnover: 1. Total Value:
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    • 112 1 A. Hltam (Rubber) Kemayan M.uTind CAndC Rises Most active 2.05 1.90 1.59 2.60 .15 .10 .08 .06 Olympla B. Raya Q. Ceramics P. Electric 223.000 200,000 106,000 102,000 Carlsberg 3.90 .06 Total Turnover: 1.80 M F. Cables 1.35 .05 Total Value: MS3.53 M Matsushita 2.85 .05 Sg
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  • 1327 1  -  OFFER BY FEP THAT NEVER WAS «y JOHN TAN THE SECURITIES Industry Council (SIC) has taken FEP International to nuk over its takeover offer for Far Eastern Hotels Development, owner of the Singapore Hilton. Both companies are controlled by Mr. Cho Jock Kim. The council
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  • 221 1 Reuter GENEVA, Frl. Preparations for talks under Qatt auspices to free the flow of world trade are right on target, and Intensive bargaining should begin in Geneva in the second half of next month. US delegation head Alonzo McDonald said that five draft texts forming
    Reuter  -  221 words
  • 1203 1  -  iy COLIH CHEE THE MAJORITY of the 25 banks that have been granted permission by the Monetary Authority of Singapore to issue fixed rate US dollar negotiable certificates of deposit are expected to launch into operation early next month. They
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  • 444 1 THE recently introduced Kuwaiti dinar certificates of deposit are proving so popular in the International capital and money markets that a second issue is being floated by Kuwait Real Estate Bank. The first, amounting to 9 million dinars, was issued by Gulf Bank. The original amount was
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  • 327 1 Reuter KUALA LUMPUR, Fri. The new Concorde superaonic air service between London and Singapore has been suspended following Malaysia's refusal to lift its overflight ban, a British Airways (BA) spokesman said here today. Today's Concorde flight would take off on schedule from London
    Reuter  -  327 words
  • 646 1 Reuter TOKYO, Frt. The Bank of Japan and the Finance Ministry announced three financial measures which they said are designed to support government efforts to boost Imports. Between now and the end of February the central bank will raise the celling on import
    Reuter  -  646 words
  • Page 1 Advertisements
    • 32 1 SEE BACK PAGE Market Reviews/ TV A Radio Overseas New* Local Co. New* International Co. News Local Stocks Overseas Stocks Commodities Transport 6 Comm uni cation* Features Local Ik Overseas Pll, 12
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    • 40 1 SIX-MEN SKID MOUNTED BUNK HOUSES NOW AVAILABLE EX-STOCK ALSO FULLY FURNISHED TWO BEDROOM UNIT INCLUDING BATHROOM, ETC. BEAUTIFULLY FINISHED. INTERFAB PRIVATE LTD M f 1 .14 J .r< iikj P< »rt R< ><:<i ;r« •:hj S.n ]:;>< 2.2 Tei *****11 Ernsi
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    • 0 1 \?_?=],++)>/=){`:_?:*$["!{{,!@(
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    • 149 1 COPIES ANYTHING. FITS ON A TABIE TOP as£<jn«BUSIrtESS OUORTERI The Autumn issue of the ASEAN Business Quarterly includes a 5-page analysis of ASEAN's urea projects and finds these to be less than viable (12 tables) Si! 5 r pa e ana b r «i« of the impending world energy crisis
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  • MARKET REVIEWS
    • 1049 2  -  LONDON By GERALD COLVERD ACTION Is always regarded as speaking louder than words but in the jockeying for the running of the last lap until the end of the year the principal Influence on the London markets and other International centres Is a marked
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    • 242 2 Router TRADING early tkii week wi aa anti-climax tfUr •!>*» prices had risen up to the previous Friday la anticipation of tk« Fraser Government being returned u* iMt weekend's election. Dealers said trading returned to high volume in ■one sectors with institutions the mala sellers and buyer*. Retailer* picked
      Router  -  242 words
    • 254 2 BRITISH Investors are being urged to invest in mining finance house shares to take advantage of an expected uptrend over the Christmas period. Making the forecast, London brokers James Capelj however, admitted that it was difficult to explain the phenomenon. But mining shares "always or nearly always"
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    • 879 2 SINGAPORE PRICES fluctuated within a narrow range for the greater Kof this week in dull and lustre trading on the Stock Exchange of Singapore. The first two days of dull trading gave way to a minirally on Wednesday but this proved to be a mere flash in
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    • 324 2  -  CON HIANG FONG SCRIP RIGHTS ISSUES New Straits Times: scrip Issue of one-for-three capitalising $4.59 million. New Straits Times: rights Issue of one-for-three at M 51.50 per share. OTHERS 3,S t..r« qm) °J la i?, d 111 Petallng Jaya together with all
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    • 447 2 THE KUALA Lumpur stock market passed another dull week although prices Improved marginally against the easier trend of the previous week. Volumes were again low even allowing for the fact that the week had only four trading days. (Monday being a holiday for Awal Muharram). Coupled with the
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  • Page 2 Advertisements
    • 154 2 What's the big idea? El WM 11 M+ 4 8 8 C'mon, tell. Put all your cards on the table, man. You mean, for the December '77 issue of The Craft of Sound? m m LS m zJi to m Special features on installing sound equipment in the car and
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  • Page 2 Miscellaneous
    • 48 2 To Tms.. I UMPVT WftS Twc. T-6M&R Rocx CPWE? UMO WOLDS "Me *ecobd foe tmc. Qucwesr I CFVT tAPip LOMRT LOPIS IH£ RoDCSTT Trt«£RT€.»liHG LOteß I SfeNT ?\j TMC «»4SU>£RS TO *nese. P»»*>l "Thousands OF OTH&R' H*SCIMP<T**G QioeSTiOHS C«M gt Found in "Me CHtfikaPmi eooic of (taSKs G***/
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    • 346 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Doc 16 at Singapore airport. Maximum Temperature 31.4° C Associated Humidity 67 Minimum Temperature .23 5°C Associated Humidity <& Hours of Sunshine i Rainfall in Millimetres 05 Total Rainfall for the Month 114*5 Total Rainy Days for the
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  • OVERSEAS
    • 871 3 Agencies WASHINGTON Fri. Tt US Congress adjourne yesterday without voting o President Carter's energ programme. The President expresse confidence that the cor troverslal programme, t which he has attached to priority would win approvi early next year. Th Congress goes Into sesslo again
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    • 175 3 AP WASHINGTON, Frl. The Business Council, an organisation of leading US corporate executives, expects the United State's economy to grow by 4.3 per cent next year, down from 4.9 per cent this year. It also forecasts an increase In US consumer prices of 6.1 per cent
      AP  -  175 words
    • 352 3 Reuter ROME, Fri. The Italian government yesterday announced aeries of tax increases, higher utility charges and spending cuts in a bid to cut down its soaring public deficit. The government told union leaders that it plans an 18 per cent average
      Reuter  -  352 words
    • 59 3 NOUAKCHOTT, Frl. The Senegal River Development Organisation (OMVS) now has US$2OO million (Ss4Bo million) firmly committed for its $500-mllllon programme, Maurltanlan President Moktar Ould Daddah said here last night on his return from talks In Gulf states. He and presidents Leopold Senghor of Senegal and Moussa Traore of
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    • 380 3 UPI AP i WASHINGTON, Fri. The i US Commerce Department said yesterday it thinks few, if any, American cattle firms can apply for special trade subsidies because there is no evidence they have been damaged by imports. In a report to President Carter, the
      UPI; AP  -  380 words
    • 1125 3 BRITISH PACT WITH IMF Reuter LONDON, Fri. Chancellor of the Exchequer Denis Healey said that he expects UK domestic credit expansion in the 1977/78 financial year together with the first quarter of 1978/79 to be within the total £7.7 billion (5533.34 billion) that ?£JtJ?
      Reuter  -  1,125 words
    • 848 3 UPI Reuter i LONDON, Frl. Rebe power workers threatens yesterday to give Britons i black Christmas in th< nation's latest industrla dispute. Firefighter leaders meanwhile, conducted exploratory talks wltfi employers on ways to settle their 32-day strike. Upset South Wales powe
      UPI; Reuter  -  848 words
    • 218 3 Reuter PARIS, Frl. US secretary I of labour Ray Marshall yesterday warned governments of Industrial nations of the social dangers created by persisting high unemployment among young people. Mr. Marshal], chairman of a special conference of labour ministers on the problem, said despite gradual recovery from world
      Reuter  -  218 words
    • 63 3 AFP WASHINGTON, Frl. informed sources denied reports that the US might free a projected US$3OO million (***** million) loan to Portugal from International Monetary Fund (IMF) austerity conditions. The loan still hinges on an agreement between Portugal and the IMF, which Washington hopes will be
      AFP  -  63 words
    • 798 3 AP Reuter FRANKFURT, Frl. The West German central bank unveiled a package aimed at curbing the Inflow of foreign money and halting the record slide of the US dollar. Traders, however, said the measures, which Include a reduction In bank lending rates,
      AP; Reuter  -  798 words
    • 73 3 AP TEL AVIV, Fri. November was the worst month ever for Israeli shoppers as the consumer price index rose 11.8 per cent with a boost from the government's new economic programme. Mr. David Neuman, spokesman for the Central Bureau of Statistics, said this year's Inflation rate
      AP  -  73 words
    • 152 3 Reuter STRASBOURG, Fri. The European Parliament approved at 1978 EEC commitments budget of 12.7 billion European units of account (EUAs). The figure exceeoea mat formally approved by the Council of Ministers with which the Parliament shares responsibility for controlling the EEC budget, by 85 million EUAs.
      Reuter  -  152 words
  • Page 3 Advertisements
    • 131 3 KNEISSL LITE-WEIGHT POUIER SHAFT TENNIS RACQUETS Mr A S 38 S TV/ <►> Wft !r wo>iva ♦A?#?* UTE-WEK«HT SWING POUJER WKK SHAFT! These championship racquets from Europe put extra bounce and speed on your ball. KNEISSL World Star Cup Star are designed for fast delivery and return. You can feel
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  • Page 3 Miscellaneous
    • 160 3 CROSSWORDS Easy Solution ACROSS. 1, Rake. 4, Island. 8, Sea. 10, Pony. 13, Ascended. 14, Endears. 15. Severe. 17, Consented. 21, Nut. 22, All. 23. Age. 26, Implement. 27, Averse. 28, Ominous. 32, Chasuble. 34, Drew. 35. Dew. 38, Deride. 37, Clay. DOWN. 1, Ripe. 2, Kind. 3, Fear. 5,
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  • COMPANY NEWS
    • 786 4  -  Br SUSAN BEVAN IN another dramatic turn of events. Magnum Corporation has announced the resignation of five of the eight directors who remained on the board following the resignations of seven of their colleagues a month ago. The latest to hand In their resignations, officially
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    • 388 4 Currant Ex Date Total for Total for payment Date payable the year previous year Taaek Cement 7'*%(J) Oct 20 Dec 17 12.5% Mineral Securities 10% Dec 1 Dec 19 20% 12.5% Toshiba 12%TE Nov 29 Dec 21 12% UIC 20% Dec 5 Dec 22 20% 16% B.M. Truat
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    • COMPANY MEETINGS
    • 361 4 AS in the put, compensatj°n ptymeuU account for r P* hulk turned I J? Bukit Sembawang Estates for the first half of the current year ending March 1178, with contribuj,on 1 ro,a Property development wing continuing to lag far behind. The company obtained an income
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    • 1221 4 SHAREHOLDERS of Faber M rll Malaysia (FMM) who have long seen their shares suspended are now confronted with more bad news this time from the earnings point of view. The debt-burdened group sank into the red in the year to June 30,1977 with a
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    • 18 4 Miss Theresa A. Young has been appointed sales executive for Japanese accounts of Avis Singapore.
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    • 784 4 J ZURICH: In recent months there has been a remarkable rush of Swiss chemical companies strengthening their stake in the U.S. market American firms have been taken over, existing j capacities expanded, new plants put under construction and corporate structures improved. I Despite the constantly
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    • 1607 4 December 15 t CHICAGO Board Options Exchange volume was 86,480 contracts, up from 76,550 on Wednesday. t OPTION JAN APL JLY 8TOCK t Alcoa j Alcoa Alcoa Alcoa Am Exp Am Exp r Am Tel Am Tel Am Tel Am Tel AtlR AUR 1 Avon Avon-P Avon
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  • Page 4 Advertisements
    • 398 4 A Major New "latent in Penguins Paul Theroux Paul Theroux, an American now living in London, has been acclaimed as one of today's major writers compared with Graham Greene and Joseph Conrad. The Great Railway Bazaar, his latest in Penguins is the true story of Theroux's railway odyssey from London
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  • INTERNATIONAL COMPANY NEWS
    • 411 5 ASIAN COMPANIES FT .LONDON: Hitachi, which has said that it would not go ahead with its proposed ."television factory In New Town, Tyne and Wear, is believed now to be investigating the .possibility of buying the TV division of -one or more British companies.
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    • 60 5 Reuter MELBOURNE: Broken Hill (BHP) said its raw steel production fell to 3.82 million tonnes in the six months to end November „from 3.82 million In the same prior year period. Iron production also dropped to 3.30 million "tonnes from 3.72 million, according to preliminary figures.
      Reuter  -  60 words
    • 263 5 Reuter MELBOURNE: Dunlop Australia said It proposes, subject to approval by shareholders and the Supreme Court of Victoria, to return capital of 25 cents per share to holders of its 86.85 million Asl par ordinary shares and in full to holders of Its 1.86 million $1
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    • 127 5 NORTH AMERICAN COMPANIES Reuter "MONTVALE (New Jersey): Airco, in a Joint statement with BOC International, said a proposed tender offer by BOC Is expected to begin on Jan 3 and end on Jan Airco last Friday has said Its board approved a BOC tender
      Reuter  -  127 words
    • 33 5 Reuter TORONTO: Canadian Imperial Bank of Commerce said it raised the quarterly dividend to 36 Canadian cents from 35 cents, payable on Jan 28, to shareholders on record since Dec 28. Reuter.
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    • 455 5 AP NEW YORK: The colour television industry is in transition as American companies move plants overseas where labour Is cheaper and Japanese companies decide to build plants In the United States. While the US companies, embattled by Japanese Imports, try to cut costs by avoiding
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    • 33 5 QUITO: Texaco and Cepe, Ecuador's state oil company. have reached a draft agreement for Joint investment of US$3l million to step up oil exploration In Ecuador next year, local oil sources said.
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    • 121 5 Reuter BANGKOK: Phoenix Pulp and Paper said it is building a 212-tonne a day paper mill costing about US$57 million in the north-eastern Thai province of Khonkaen. The mill will be built by a consortium comprising Voest Alpine of Austria. Five-Call Babcock of
      Reuter  -  121 words
    • 87 5 Reuter SAN FRANCISCO. Bank of America said China Airlines, the flag carrier of Taiwan, entered Into a US$4B million, 11-year loan agreement with a consortium of banks led by Bank of America, the Private Export Funding Corp and the ExportImport Bank of the US. The commercial bank
      Reuter  -  87 words
    • 103 5 Reuter STAMFORD (Connecticut): Xerox Corp said it has acquired Shugart Associates, a northern California manufacturer of memory devices for the dataprocessing Industry. The two companies signed a letter of intent last August. Under the completed agreement, Shugart will operate as a whoilyowned Xerox subsidiary. Cost of the
      Reuter  -  103 words
    • 35 5 Reuter ROSEMEAD (California): Southern California Edison Co said directors increased the quarterly dividends to 56 US cents a share from 50 cents, payable on Jan 31 to shareholders on record since Jan 5. Reuter.
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    • 1372 5 FT LONDON: There is a distinction to be drawn between those who have been following the affairs of the Crown Agents for some years, and those who only caught up with them In any detail with the publication of the Fay Report. To the cognoscenti the report
      FT  -  1,372 words
    • 231 5 EUROPEAN COMPANIES Reuter AUGSBURG: Maschlnenfabrlk Augsburgnuernberg (MAN) expects to make a satisfactory profit In the year ending June 30 but the result will definitely be below the 60.1 million mark net profit achieved in 1976/77, managing board member responsible for finance Gerd Wollburg said. The
      Reuter  -  231 words
    • 121 5 Reuter LONDON: Mr Alex Park, former chief of the British Leyland car firm, is to leave the company. In a statement he said his departure was "in the best interest of the company and of my own career." Until the appointment of South African-born Michael
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    • 100 5 ROME: State oil firm ENI said its engineering subsidiary Saipem obtained two contracts worth a total of US$255 million to be paid for in cash, for gas pipeline engineering works. The first contract is for construction of a 632-km gas pipeline, which will be built with
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    • 75 5 ROME: State-controlled steel firm Italsider said it faces heavy losses for 1977, which It will cover by drawing on reserves, leaving its capital base intact. The company did not specify the size of the losses. but earlier this year it said losses in 1977 could absorb most
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    • 156 5 Reuter LONDON: Peninsular and Oriental Steam Navigation Co chairman Lord Inchcape said the company's performance in the second half Is not looking too good. In a speech published in the company's newspaper. Lord Inchcape said "there can be little doubt that P and Q
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    • 113 5 Reuter BRUSSELS: Cie BruxellesLambert said it has raised its stake in Cie Auxiliare Internationale de Chemins de Fer to over 90 per cent from around 25 per cent by buying 90.000 shares for 810 million francs. It said the shares were valued at 9,000 francs
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    • 305 5 Reuter WOLFSBURO: Volkswagenwerk said group turnover will show a rise of over 10 per cent this year to around 24 billion marks from 21.4 billion, the company said. Parent company sales are expected to be nearly 20 billion marks compared with 16.9
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    • 126 5 Reuter LONDON: Distillers Co said it is unlikely the trading profit for the current six months ending March 31 will vary significantly from the high figure of the same period last year but expects a reasonable increase for the year as a whole. In the half
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    • 102 5 Reuter EINDHOVEN: Philips Gloeilampen Fabrieken said the Saudi Arabian Government decided to award the order for the construction of a telephone network of about 470,000 lines to a consortium consisting of Philips, Ericsson and Bell Canada. The contract is worth about one US$l billion each for Philips
      Reuter  -  102 words
  • Page 5 Advertisements
    • 245 5 When Malaysian petroleum resources dry up, so would hundreds of million dollars in revenue. What then? Find out in the December issue of MALAYSIAN BUSINESS Today, the petroleum industry is Malaysia's number 2 export industry, with revenue earnings estimated at $700 million for this year and $820 million for 1978.
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  • 2380 6 1*77 HiCk Low Compaay Last Sale +«rGr's div DW c'rr Gr's y'ld Net P/E Vol Day COM) Hick Low SECTION ONE INDUSTRIALS 154 204 110 246 88* 205 189 259 422 148 134 165 58 212 57* 155 151 182 350 91 Acma Alcorn Allied Choc Bata Ben Boustead
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  • 1413 6 BID and offer priew efflcieUy luted and bviiiHi la and reported to the Stock Exckun w Singapore yeeterday with tie n T. b r i" bracket* ia lota of 1.000 uaiU unlea* otherwise ipeciflod. All Contract, are jpwtod altar the world "Sett". Big Board deala (in lota
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  • 1402 6 BID and offer price* officially listed and buainea* in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in bracket* in lot* of 1,000 unit* unle** otherwise specified. INDUSTRIAL» Ajinamata (2.10B). Alcom (1.68B) (1) 1.70. A. OtM (1.12B) (2) 1.11.
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  • 51 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. C and C (Dec $1.90) (0.668 0.685) O.Tffi" Ch 0> <0 688 2.275? 30) <0
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  • 160 6 SINGAPORE UNIT TRUST (Manager*' price* far Dec It) INCOME BOND UNIT The Commerce... The Saving Fund 1.79 ISO i.oe i.i2 INCOME BOND 1 09 1.15 I S pore Prog Fund S pore Security Fund S pore Invest Fund 085 0 90 1.64 1.74 102 1.08 MARA BUMIPUTRA FUND
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  • 72 6 4 3/4% 1/5/79 (250,000) (100.508 100 565) 5 3/4% 1/6/78-80 250,000) (100.508 100.60S) 6 3/4% 15/6/80 (250,000) (103.50B) 4 3/4% 15/9/80 (250,000) (99.258 100.655) 6 3/4% 1/12/80 (250,000) (103.758) 5% T F 16/4/81 (250,000) (101.60B) S%TF 1/5/83 250,000)(90.O5B 100.108) 7 1/4% 15/4/86 (250,000) (100.35B) 7 1/4% 1/5/87 (250,000) (100.458
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  • Page 6 Advertisements

  • 537 7 rRADING improved considerably in steady to firm conditions on the Stock Exchange of Singapore yesterday. Bargain hunters were the main cause of the good support given to selected counters, dealers said. Most brokers were of the opinion that the market has about reached its bottom level and
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  • 498 7 TRADING ruled quiet on the Kuala Lumpur Stock Exchange yesterday with share prices closing the week on a mixed to marginally steadier tone. Light speculative interest continued to provide the bulk of the day's support, but as usual, these flutters were again confined to isolated cases. Following
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  • INTERNATIONAL STOCK MARKETS
    • 384 7 HONGKONG: The market was little changed In quiet trading on continued lack of interest yesterday, dealers said. The Hang Seng Index was ub 0.15 point at 416.41. Among blue chips. HK Bank, HK Land and Wbeelock were steady, while Jardlne* lost HK 10 cents to 12.60 and Swire Pacific
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    • 488 7 TOKYO: Share prices rose sharply yesterday with Investors welcoming government plans for a reflatlonary budget to help achieve a seven per cent real growth rate In fiscal 1978, dealers said. The Dow Jones average rose 83.41 to close at 4,880.45 with volume of 360 million shares. The New Index
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    • 402 7 SYDNEY: The market eased yesterday with BHP falling 10 cents to A 55.54 after announcing lower steel production figures. dealers said. The Sydney All-ordlnarles index fell 0.13 ooint to 456.79. CSR fell 13 to 2.Bs.Bundaberg Sugar five to 3.45, Thiess five to 1.75, Western Mining four to 1.20. MIM
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    • 5 7 Yesterday's prices were delayed
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    • 131 7 DEC 18 Bahts Asia Fl&re 250 -9 Bangkok Bank 379 -2 Bangkok Invest 336 Bangkok-Metro-politan Bank Bala 720 >10 Bern Jucker 526 -36 Charoong Thai 300 Wire -8 Dumex Duslt Thanl Faber Merlin First Trust 310 -3 Genera Finance Indo-Thal Industrial Finance 2105 >10 Corp J And J Ho
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    • 321 7 AMSTERDAM: Share prices closed mixed with a firmer bias in Thursday aided by the slight recovery of the dollar and a firmer overnight Wall Street, dealers said. Akso, Unilever and Royal Dutch firmed, while Hoogovens and Philips were lower In Dutch Internationals. KNSM firmed seven guilders In otherwise generally
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    • 154 7 BRUSSELS: Belgian share prices closed mostly lower in quiet trading on Thursday bourse sources said. Reaerve and Wagona-Liu rose while Electrafina, Aaturienne, FN, Hainaut-Sambre, Acec, Solvay. Moaane and Teaaenderloo fell. In foreign stocks UK and French were mixed. Germans and Dutch were little changed. Americans rose. Gold mines were
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    • 352 7 FRANKFURT: Share prices firmed on balance with continuing foreign exchange market uncertainty helping to keep trading thin on Thursday, dealers said. Speculation that the Bundesbank would change Its credit policies on Thursday afternoon prompted good early gams, but the market fell back slightly before the close. Commersbank led major
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    • 152 7 MILAN: Stocks were mixed In slightly more active dealings on Thursday at the close of the monthly account, bourse sources said. Montediaon firmed sharply as operators covered open positions but both Pirellis fell Fiat, in and Generali were all lower and Iramobiliare also eased Bond 6 were firmer In
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    • 337 7 PARIS: The market was narrowly mixed in quiet trading on Thursday, with steel shares easier, dealers said. Denain and Uainor were at limit down following Denain't announcement it will pass its dividend. Vallourec, Hachette and Printempa fell while Kleber and Borel advanced. US stocks followed Wall Street higher, while
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    • 271 7 ZURICH: The market continued narrowly mixed with a firmer bias on Thursday, bolstered in part by the recovery of Wall Street, bourse sources said. Export oriented shares, led by chemicals and engineerings, lost ground however, reflecting the weakness of »he US currency. Banks and flnanclals were slightly irregular. Insurances
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    • 388 7 JOHANNESBURG: Gold shares tended slightly lower on Thursday afternoon on lower bullion indications. In a very quiet market as operators held positions ahead of the long weekend. dealers said. Mining flnanclals were steady to a shade off In places. In line with producers. In metals, asbestos counters regained some
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    • 335 7 TORONTO: Share prices closed firm In active trading on Thursday. The Composite index, up more than four points, reached Its highest closing level since Aug 11. Declines and advances were evenly balanced. Canadian Imperial Bank, which raised its quarterly dividend. gained Vi to 24*« while Northern Telecom added to
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    • 1201 7 NEW YORK: Stocks closed lower In moderate trading on Thursday. with most of the selling in the glamour and blue chip areas Analysts said Wednesday's rally in that segment was unexpected and brought about Thursday's profit-taklnc. In addition, they said Investors were disappointed in the Bundesbank's package, announced
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    • 64 7 FINANCIAL TIMES INDUSTRIALS Thursday 472.1 Wednesday 474.0 Week Ago 485.2 DOW .(ONES AVERAGE INDUSTRIALS Thursday 817.91 Wednesday 822.68 Week Ago 806.91 LONDON DOLLAR PREMIUM Thursday 93 J < to 94'« Wednesday 93't to 94 H.K. HANG SENG Thursday 416.26 Wednesday 418 90 Week Ago 419.17 SYDNEY INDUSTRIALS Thursday 397.61
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  • Page 7 Advertisements
    • 237 7 UROPE and UK/IRELAND ingapore Kliate connections a, Central and or cities in fi ica. It.! 4*LM» IT*™ ROYAL DUTCH AIRLINES G2, Mandarin Hotel Arcade 333 Orchard Road Singapore 9. Tel: *****1 Gl6, Kompleks Antarabangsa, Jalan Sultan Ismail Kuala Lumpur. West Malaysia. Tel: *****1 F7, Park Hotel Building P.O. Box 1060
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  • COMMODITY REPORTS AND PRICES
    • 442 8 THE SINGAPORE rubber market yesterday opened unchanged, but later rose one cent on reserve of sellers and covering demand. The rise in Japan and good forward buying of particularly April/ June 1978 also aided sentiment, dealers said. Values tend to harden slightly towards the morning
      442 words
    • 29 8 Rubber: Dec 16 Singapore: January 194.75 cents (down 0.25 cent) Malaysia: 196.25 cents (up 0.75 cent) Tins: $1,760 (down $5) Official offering: 174 tonnes (down 14 tonnes)
      29 words
    • 290 8 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt o.b. 195.25 196.25N 193.75 194.75N Int. 1 R.S.S. January 196.50 196.75 194.75 195.25 Int. 1 R.S.S. February 197.75 198.00 196.25 196.50 Int. 2 R.S.S. 194.75 195.75N 193.25 194.25N
      290 words
    • 112 8 NOON SSR and SMR prices yesterday: January February RAS (Current Mth) (Pot 'ward Mth) Buyer* Sellen Buyert Seller! 1 cenu per kg) (cei >ta per kg) SSR 20 (1 —ton pallet) ***** 193 50N 192 50 194.SON SSR 50 <1 —ton pallet) 189.50 191 50N 190.50 192.SON
      112 words
    • 435 8 THERE was a general discllnatlon to deal at the Singapore produce market yesterday, largely due to the uncertainty surrounding the US dollar. All grades of coconut oil were marked down $2 per plcul by the Singapore Chinese Produce Exchange while the other commodities held barely steady. One factor
      435 words
    • 286 8 LONDON, Fri. Terminal sugar opened down from last night by£o.ls to £0.?5 per tonne in quiet and featureless first call trading. The London dally raws price was £1 down at £106 per tonne while whites were unchanged at £114.50. Terminal sugar finished the morning at the lows with on-balance
      286 words
    • 108 8 HONGKONG, Fri. The market was steady with prices unchanged to HK$2 higher, dealers said. Total turnover was 529 tons comprising Thais 201, Kwangtungs 240 and Australlas 88. The only arrival was 380 tons from Kwangtung. (prices In HK dollars per plcul exgodown) Thai White: 100 pet old crop Ist
      108 words
    • 68 8 C.I.F. Rotterdam. US dollars per ton. LONDON: Thursday Previous Malaysia 5% ffa bulk Feb 492 sir 497 sir Sumatra 5% ffa Dec 525 sir 550 sir Jan 512 50 sir 515 sir Feb 505 sir 500 pd March 490 sir 505/500 pd April 487.50/490 pd 487.50/490 pd Nigerian
      68 words
    • 181 8 LONDON, Frl. Terminal cocoa opened higher against New York by £8.50 to £2.50 per tonne In limited first call dealings. Open trading was similarly quiet although featured be self-trading totalling 800 lots, done on a switch basis involving March, May, July and Dec. 1978 200 lots each position. Terminal
      181 words
    • 164 8 THE BTRATTS tin price In Penang yesterday fell by Mss to $1,760, on an official offering down 14 tonnes to 174 tonnes. In LONDON yesterday, tin standards was unchanged for cash and £37 up for Three Months. High grade was unchanged and £42 higher, respectively. Values dipped on
      164 words
    • 196 8 LONDON Frl. Terminal coffee opened £31 to £51 per tonne down from yesterday's close in sales of 382 lots. The official tone was "steady". Trade and local dealer buying emerged at the lower levels to halt the decline In near Months where January traded at £1,825 after an initial
      196 words
    • 399 8 HONGKONG, Frl. Sugar futures closed easier with losses ranging from 0.07 to 0.08 US cents In fairly quiet trading, dealers said. March and May were the only Months traded in a narrow fluctuation range. Turnover rose to 22 lots from five yesterday. Open positions after yesterday's trading were
      399 words
    • 121 8 CHICAGO, Frl. Soybean futures extended early gains In subsequent trading and finished the session around the highs, up 12-1/2 to 7-3/4 cents a bushel. The market was supported by continued light farmer selling and firmness In the cash basis but derived much of Its strength from advances in meal
      121 words
    • 80 8 CHICAGO, Frl. Wheat futures were up 1M cents to Vt cent a bushel at the close, after trading lightly In a narrow range, yesterday. Early weaknesses In soybeans and corn stimulated some early selling and prices eased. But commercial buying of limited amounts and a recovery In soybean futures
      80 words
    • 306 8 PRICES have lost some eight cents overall during the week ended Dec. 16 following the continued plunge of the US dollar, accusations of protectionism and threats of trade wars, which combined to affect sentiment adversely, said Holiday, Cutler, Bath ft Co.*. After a steadier
      306 words
    • 287 8 LONDON, Frl. Copper wlrebars finished the morning unchanged for cash and L' 0.50 down for Three Months. The pre-market was steady in line with US futures but drifted lower In the ring under scattered liquidation before shortcovering stemmed the decline around £693 for Three Months. Dealers noted that there
      287 words
    • 211 8 LONDON, Fri. Silver closed the ring 2.2 to 2.3 pence per troy ounce higher. Values were marked up at the outset in sympathy with the New York trend but only routine two-way trading developed around the higher levels. Sales of 101 lots were mainly carries. On Thursday, silver on
      211 words
    • 346 8 TRADING was quiet and subdued on the Singapore gold market yesterday. The kllobar opened at 5512,125, touched the high of 5512,140, and closed at 5512.100. In LONDON, the metal opened at US$l6O.lO/30 and reached a high of U*****.30/55 before sliding down gradually to close at U*****.50/75. The LONDON gold
      346 words
    • 75 8 LONDON Fri. Zinc was mostly £0.50 higher. This metal continued to find modest fresh buying support which held the Three Months position above the £300 level throughout the morning. A small Increase is anticipated in stocks. Sales were light at 1200 tonnes. On Thursday, zinc eased by £2 for
      75 words
    • 73 8 LONDON, Fri. Lead was £0.50 lower for cash and unchanged for Three Months. The market was shaded under continued offerings of cash metal, which dealers said reflected the freer availability of scrap. A small rise Is looked for In stocks this week. Sales were 2700 tonnes. On Thursday, lead
      73 words
  • MONEY AND EXCHANGES
    • 536 8 THE US dollar yesterday saw wide fluctuations on the local foreign exchange market. Against the yen it opened at 239.90/30, before shooting through the 240 level and after lunch was doing 241.10/20, largely on the basis of Bank of Japan support. After Tokyo closed, however, and Europe moved
      536 words
    • 31 8 ACBG 7 First Chicago 6>« 7 Citibank HSBC Bank of China 7 7 Malayan Banking Mitaui Bank Bank Nefara OCBC OUB CH UCB Chaa« Manhattan DBS UMBC UOB
      31 words
    • 173 8 Asian rates ASIAN currency deposit Interbank rates as at close on Dec IS: U8 Dollar* (Spot) Offer Bid 7 days 6 3/4 5/B 1 mth 7 1/2 7 3/8 2 mth* 7 3/16 7 1/16 3mths 7 1/4 7 1/S 6 mths 7 9/16 7 7/16 9mths 7 9/16 7
      173 words
    • 46 8 RANGE of prices offered by discount houses on Dec 16: Overnight 2% to Call deposit 3% Ckxinc Buyinf SeUini 3-Month Treasury bills 31/4 31/8 3-Month Bank bills 4 7/8 4 3/4 3-Month CD S U/16 59/16 6-Month CD 515/16 513/16 Source: National Discount Co. Ltd.
      46 words
    • 114 8 Euro rates LONDON, Frl. Eurodollar deposit rates opened steady around yesterday's closings In light trading, dealers said. The rise In the weekly U8 money supply figures yesterday had Uttle impact on rates, dealers said. Short dates traded steady with some early Singapore interest reported in day to day rates from
      114 words
    • 72 8 RESULTS of tender held on Dec 16 for 91-day and 182-day Treasury bills: 91-day Mils totofi ill It2-4ay Mil* halkll to to laaoarf to Dee B •a Dae 19 Offered: 115.000.000 115 000.000 Applied for: S36.790.000 ss.ooo.ooo Allotted $15,000,000 su.oso.ooo Accepted bids: W0.19 •00.39 Average rate of
      72 words
    • 220 8 LONDON, Frl. The yen opened weaker in a quiet market following the announcement of new Japanese measures to help boost imports and reduce its trade surplus, dealers said. The yen was quoted at 240.75/95 to the dollar compared with 238.60/90 overnight. Dealers said they regard the measures in themselves
      220 words
    • 183 8 NEW YORK, Frl. The dollar yesterday closed somewhat weaker against major currencies In thin, nervous trading, dealers said. Sterling firmed through the afternoon to close at 1.8500/05, compared with its opening of 1.8480/90, after easing to 1.8465/75 in the morning. The mark closed at 46.76/78 cents, slightly off
      183 words
    • 165 8 TOKYO, Frl. The dollar for overnight delivery closed at 240.95 yen, up from a 239.40 opening and the record low 238 yen at yesterday's close, dealers said. Trading volume was $377 million, they said. Some dealers believe there had been small-scale Central Bank Intervention to push up the dollar,
      165 words
    • 173 8 HONGKONG, Frl. The US dollar firmed but closed below its day's highs In extremely thin and nervous trading, dealers said. It firmed to 240.60/80 yen from its 239.34 New York closing mid-point equivalent after opening higher at 239.85/95 and rising to 241.20/40 before falling back on profit-taking. The US
      173 words
    • 57 8 AUSTRALIA/NZ exchanges on Dec 16: AUSTRALIA US dollar 1 1379/1 1331 Sterling 0 6170/0 8104 Ninety-day air mall buying rate*: Sterling 0 9328 US dollar 1.1604 Ninety-day forward buying rate*: Sterling 0 0132 US dollar 1 1300 NEW ZEALAND Sterling 0.5400/0 5436 US dollar 1.0119/***** Ninety-day airmail buying rates
      57 words
    • 48 8 FRANKFURT exchanges opening quotes on Dec 16: US 2.1430/80 2.1505/35) Can 1 0450/70 Sti 3 955/965 on 92 28/38 S Fr 103 65/85 LU 2 440/456 F Ft 44.62/72 N Kr 40 97/41 07 3 Fr (C0fl) 6 347/357 il Fr (fin) 6 33/34 Yen 0 8900/15
      48 words
    • 314 8 Eurobond prices quoted on Dec 16: Straight* Bid Offer Walter KIdde 8 i8S 97 75 08 25 Peme*9 82 98 50 00 00 IU Overseas Finance 8*. 97.12 07 12 New Brunswick 8 84 97.87 08.37 Selection Trust 8V. g« 93 75 04 50 Flat 8 82 97 75
      314 words
  • Page 8 Advertisements
    • 160 8 Don't let the language barrier stop you from wider contacts iP! !CJ :'v--1 «eW> 1 X l^ A v> T <=* W nN rv» I •r \V* e o° \e^ 6 > ***** -i YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travel- ling in fact anywhere
      160 words

  • TRANSPORT AND COMMUNICATIONS
    • 616 9 NYT NEW YORK, Frl. Despite White House assurances to the British-French Concorde team that such action would be delayed, the Port Authority of New York and New Jersey adopted a noise rule on Wednesday that would keep the supersonic airliner from using New York
      NYT  -  616 words
    • 162 9 AFP ANTANANARIVO, Frl. Malagasy President Dldler Ratslraka has said that warships of the big powers will be barred from Malagasy ports, the national radio reported yesterday. The radio said that President Ratslraka made the statement in an interview soon to be published in
      AFP  -  162 words
    • 38 9 BANGKOK, Fri. The Far Eastern Freight Conference (FEFC) has said it will not grant membership to the United Thai Shipping Corp (Unithai) unless one of its affiliates withdraws from the group, shipping sources said.
      38 words
    • 670 9 AP LONDON, Fri. I popped over to Harrod's last week for a spot of Christmas shopping (doesn't everyone?) and pioneered a new standard in Trans-Atlantic travel for which I have coined the word SOCH Soch rhymes with posh, but it is much, much further
      AP  -  670 words
    • Article, Illustration
      417 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Alemannia (after Eastern Mercury Housho Maru) 6/7 Mlkolaj Ret (after Flnrel Maru) 10/11 Montes (0600) 22 Ocean Enterprise (SLSV) (after Oolden Tennyo) 8/9 Oriental Ruler (after Ocean Esperance) 46 Palm Sea Horse (Tanker) (after Stakara sails P/O) 16 Perils (1500) 21 West Seabarok
      417 words
    • 338 9 STOLT Tankers, in continuation of its newbulldlng programme to provide the most modern, versatile parcel tankers to serve the needs of the liquid parcel trade, recently accepted delivery of M/T Stolt Avance, the first of two parcel tankers being built by Estaleiros Navals De Viana
      338 words
    • 216 9 LLOYD Trlestino, Soc. per Az dl Nav., based In Trieste, Italy, operates a container/ conventional service to and from the Far East. It is also a member of the Mediterranean Far East Container Service (Med Club) which offers a regular service between the Far East and the Mediterranean,
      216 words
    • 167 9 UPI LONDON, Frl. On a generally slow freight market, rates remained approximately steady except In South Africa where a 40 cents improvement was noted In the Durban-Ja-Bin maize rate when the aria secured $13.25 (2,500 tons discharge free) for a 14,000-ton December-Ja-nuary shipment. North American grain fixing
      UPI  -  167 words
    • 108 9 AP WASHINGTON. Frl. A Federal court has given a gallic shrug and a 9500 fine to Air France for shipping 27 love birds through the United States without the proper papers last spring. The US Agriculture Department said yesterday that the birds, which were
      AP  -  108 words
    • 145 9 Reuter MOSCOW, Frl. Soviet cosmonauts Yuri Romanenko and Oeorgy Orechko yesterday, entered their fifth day in the Sal-yut-6 space laboratory, and continued putting it Into working order according to the planned programme, Tass news agency reported. Since reaching the orbiting station last Sunday, the
      Reuter  -  145 words
    • 101 9 Reuter OTTAWA, Frl. The Canadian government has begun legal action to collect a total of $7 million from Pan American World airways, Trans World Airlines and Seaboard Airlines, a Parliamentary committee was told today. The three US airlines were said to owe the money for
      Reuter  -  101 words
    • 723 9 ARRIVALS Service Local Operator N urn bet Time From CAL CI333 0040 TPE/HKG/KUL CPA CX003 0145 HKG TMA TL302B 0530 TPE SIA/BA SQ300 0600 LHR/BAH MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQlOl 0815 KUL MAS MH607 0900 KUL MAS MH621 0850 PEN MAS MH671
      723 words
  • Page 9 Advertisements
    • 323 9 Sow boat CHINA TRADE QUARTERLY Far East Publications gj 1913. Hanglung Centre. Peterson Street. Causeway Bay, Hong Kong. I Please enter my full subscription to China Trade Quarterly. I am enclosing a cheque/money order for US$2OO.OO or equrvalent in other currencies. Please forward issue(s) of China Trade Quarterly at U5565.00
      323 words

  • 2038 10  -  By JEFF GERTH NYT MIAMI: Investigators from five Federal and local agencies are actively pursuing here one of the largest financial fraud enquiries in recent history. The enquiries centre on uuiilermo HernandezCartaya, a Cuban exile In his mld-50s who operates out of Miami's
    NYT  -  2,038 words
  • 996 10  -  By CHARLES LAMBELIN Reuter MOSCOW. Fri. If you j hate trains don't set foot on the Trans-Siberian Express: It rolls on and on for seven and a half days through nearly 10,000 kms from Vladlvostock to Moscow. But the longest railway line In the world,
    Reuter  -  996 words
  • 845 10  -  By MICHAEL PRECKER AP 13k AVIV; When Israeli drillers struck oil last month In the Gulf of Suez off the occupied Sinai Desert, the news set off Jubilation in Israel a country almost totally dependent on foreign oil. The government has decided to put
    AP  -  845 words
  • Page 10 Advertisements
    • 585 10 sinGapura FORUM HOTEL AOMriwdN> CaMmulHoMi 586 Orchard Road, S'pore 9. Tel: *****2 40V407 Havelock Road, B'pore 3. Tel: *****1 Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble
      585 words

  • 706 11  -  »y SALMA KHALIK A MANAGER Is most effective if he can properly manage his time. For a top administrator, the day does not consist of 24 hours, but only two or three. This was the surprising message Mr. Willy Wong, a management consultant
    706 words
  • 496 11  -  By RAHIM KASSIM IS THERE LIFE on Mars? This is a question to which many have tried to find the answer without success. At best, the only conclusion about the planet that could be derived from the voluminous data gathered by the American
    496 words
  • 236 11 FIRMS taking part In the Japan Industrial Exposition Singapore '77 have recorded active sales so far. The Shlnel Industrial Company, displaying a screen printing machine capable of printing on cylindrical surfaces, reported that it had arranged sales so far worth nearly $100,000.
    236 words
  • 151 11 HONG LEONG Finance today opens its 10th branch at Ang Moh Kio, making it the first finance company to set up shop in the new housing estate^ Mr. Kwek Leng Beng, managing director of HLF, said the branch will cater to residents
    151 words
  • 64 11 THE NATIONAL Productivity Board will hold a month-long course on the maintenance and applications of industrial motors every Tuesday and Thursday from Jan. 3 to Feb. 2, 1978 at the Chinese YMCA, Palmer Road. The course will be conducted by Mr. Wong Wal Nam, an electrical
    64 words
  • 1037 11 PACKAGE HAS NOTHING FOR S-EA KUALA LUMPUR, Fri. The Japanese Foreign Office this week summoned its ambassadors in five Asean countries, Burma, Laos, Vietnam, and China for an intensive policy review In Tokyo that resulted In a set of proposals heavily oriented toward economic and
    1,037 words
  • 276 11 NEW DELHI, Fri. The Indian economy appears stagnant and beset with uncertainties after nine months of Janata Party rule, according to economic experts here. Prime Minister Morarjl Desai and his Cabinet colleagues are facing criticism from friends and foes alike for their failure
    276 words
  • 165 11 NORWEGIAN offshore oil equipment manufacturers will be In Singapore In full force when the Offshore South-east Asia exhibition opens here In February. The Export Council of Norway said 22 manufacturers will jointly exhibit their products at the Norwegian pavilion. A fairly large
    165 words
  • 226 11 MISS Wendy Tan Gim Choo, who was placed 13th in the Institute of Bankers Part II examinations worldwide, was awarded $250 by the Singapore International Chamber of Commerce yesterday. Miss Tan, 23, a customer relations officer with the United Overseas Bank, was among
    226 words
  • 315 11 BRUSSELS, Fri. The Common Market Commission yesterday signed aid agreements worth US$54 million (*****.4 million) with 10 developing countries and six regional bodies in Asia and Latin America. An officials statement said the money, totalling 45 million units of account (UAs),
    315 words
  • Page 11 Advertisements
    • 495 11 mafico SINGAPORE Tanglin Circus, S'pore 10. Tel: *****1 Brasserie La Rotonde Speclallte de Cafe Expect the unexpected! Daily specials that are as fresh as a new day. Today's special could be meat. Or seafood. Even hors d'oeuvres. But whatever It is, It's fresh. And prepared as only our chefs know
      495 words

  • 1119 12 AFP AP Reuter TOKYO, Fri. Japan will not make further tariff cuts or import quota increases in the near future. Morlyukl Motono, Director of the Foreign Ministry's Economic Affairs Bureau said today that' 'the utmost effort has been done." "The content of the package has
    AFP; AP; Reuter  -  1,119 words
  • 150 12 SINGAPORE has Issued a revised Customs Duties Order, 1977, in preparation for the implementation of the agreement on Asean Preferential Trading Agreements (PTA) on Jan 1. In preparation for the implementation of the Agreement on Asean Preferential Trading Agreements (PTA) on Jan 1, a revised Customs
    150 words
  • 224 12 THE Singapore Bus Service has bought five dlesel tankers for $700,000 to achieve greater control of Its fuel supplies as well as to reduce costs. The SBS's dlesel tankers were commissioned earlier this month to collect dlesel fuel from Its three major suppliers, Shell, Esso and BP
    224 words
  • 392 12 MR. TAN Chok Klan, Permanent Secretary of the Ministry of Social Affairs and chairman of the Post Office Savings Bank has been appointed Director General of Nanyang University by the Government. He is succeeded at the Ministry by Mr. Ho Kuan Llm, formerly Permanent
    392 words
  • 343 12 Reuter BANGKOK, Frl. Prime Minister Lee Kuan Yew and his Thai counterpart, General Kriangsak Chamanand, reached broad agreement today on regional and bilateral cooperation. A Singapore delegation spokesman said, the two Premiers sp4nt all day together first in more than an hour of private talks,
    Reuter  -  343 words
  • 191 12 THE Singapore Tourist Promotion Board has rejected the applications of 13 companies for licences under the Travel Agents Act 1975. The firms are Orchard Travel and Tour, Singapore Express International, Jesal Travel Service, Singapore General Stores, Indra Trading Company, Clifton Travel, Pacific Tourist Bureau, Jany Batcha Company,
    191 words
  • 768 12 LONDON. Fri. Government bonds featured in a very quiet market, dealers said. Long dated government bonds rose by up to v» while shorts gained up to V Prices were marked up by between and '4 following the announcement of a smaller than expected rise In the November retail
    768 words
  • 62 12 MR. WEE Mon Cheng, Singapore's ambassador to Japan, yesterday signed the underwriting agreement for the Republic's second issue of yen-denominated bonds to be floated in the Tokyo capital market. The 15 billion yen (Ssl47 million) bond with a 10year maturity will carry a coupon
    62 words
  • 627 12  -  MOST SECTORS ADVANCE »r RONNIE LIM SINGAPORE has achieved a satisfactory economic growth rate of close to 8 per cent this year. Speaking on the television programme "Singapore In 1977" last night, the Finance Minister, Mr. Hon Sul Sen said there has been a general Increased
    627 words
  • 606 12 Reuter HONGKONG, Frl. The steep decline of the US dollar against a broad spectrum of European currencies and the yen has masked the steady decline of the Hongkong dollar. Senior foreign exchange dealers say the widespread shake out of the US currency in foreign exchange markets
    Reuter  -  606 words
  • 37 12 All MEDICAL advertisements must be approved by the Ministry of Health from February next year. The ministry also said that all advertisers should submit their applications early to avoid delay in the issue of permits.
    37 words
  • Page 12 Advertisements
    • 141 12 COLLECTINQ Oriental Antics ej by Judith Moorhouse and Dries Blitz [3 Hamlyn Group, London. Ast J 1131 however widely believed that they are too expensive for the average collector. This myth Is Deroetuated rmiti books on Oriental antiques which Illustrate priceless museum pieces and other rare items which have fetched
      141 words