The Business Times, 21 December 1977
1977-12-21
1
12
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The Business Times
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Title Section10 1977-12-21 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, DECEMBER 21, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article42 1977-12-21 1 SINGAPORE'S Consumer Price Index rose 0.8 per cent in November over the previous month because of higher food prices, which advanced by 1.3 per cent. Cheaper fruits and bread were more than offset by dearer fish, pork and vegetables.42 words
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Article71 1977-12-21 1 Reuter TAIPEH, Tues. Police here have arrested four men In connection with an alleged swindle of a Singapore bank of U*****,000 (§1585,000). A police spokesman today said the four were arrested yesterday following a tip from Interpol that the Development Bank of Singapore (DBS) had been cheated whenReuter - 71 words
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Article36 1977-12-21 1 Reuter TOKYO, Tues. Finance Ministry officials said Japan plans to make emergency Imports of up to US$llO million (***** million) worth of non-fer-rous metal ore, with low-Interest Import finance from the semi-official Export-Import Bank.Reuter - 36 words
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Article61 1977-12-21 1 Reuter BRUSSELS, Tues. The Common Market, overcoming last-minute reservations from Britain and France, today approved accords with nearly 30 countries to limit their textile exports to the EEC from next month. Today's decision means the EEC will now be able to sign the new International textile agreementReuter - 61 words
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Article36 1977-12-21 1 Reuter FRANKFURT, Tues. The German central capital market committee said It recommends the government's forthcoming bond Issue of up to 1.5 billion marks (Ssl.6 billion) should be In two tranches with different maturities.Reuter - 36 words
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Article48 1977-12-21 1 AP VICTORIA, (Canada), Tues. Japan Is prepared to buy all the wood chips that British Columbia wants to export, Forests Minister Tom Waterland said yesterday, and sales should total between US$l5 and $20 million (5535.1 million and $46.8 million) during the coming year. AP.AP - 48 words
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Article66 1977-12-21 1 AFP LISBON, Tues. Outgoing Bank of Portugal governor Silva Lopez warned his countrymen last night on television that Portugal may collapse financially In a few weeks. Portugal, he said, urgently requires two loans, one amounting to US$3OO million (Ss7o2 million) and the other $250 million, pledgedAFP - 66 words
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Article56 1977-12-21 1 UPI NEW YORK, Tues. Stocks headed lower early today In active trading amid Investor concern over the persistent decline of the dollar on foreign exchanges. The Dow Jones Industrial average was off 2.94 points to 805.10 shortly before 11 a.m. Declines outnumbered advances, 746 to 230, among theUPI - 56 words
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Chief Price Changes
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Article, Illustration177 1977-12-21 1 PRICES tended generally easier in quiet and featureleM trading on the Stock Exchange of Singapore yesterday. A alight selling pressure across-the-board was the main cause for the losses Consequently, the Business Times index fell 2.25 points to 484.52 points while the Straits Times Industrial share index lost177 words
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Article103 1977-12-21 1 Rite* Most active A. Hitam Tin 9.10 +.15 Olympia 170 144,000 Sugars 82 goo Lien Hoe 82,000 Total Turnover: 1.47 M Total Value: MS2.84 M Tanjong Tin 4.50 +.06 Kempas 4.00 +.06 U.M. Flour 2.06 +.06 BenU Olympia Tasek 2.78 1.76 2.20 .06 +.06 .06 KramatTln 5.75103 words
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Article1347 1977-12-21 1 JOHN TAN - FEP DENIES SIC CHARGES By JOHN TAN MR CHO Jock Mln, brother of Mr. Cho Jock Kim, has given, what the Securities Industry Council (SIC) Is likely to consider, an unsatisfactorily vague answer to the SIC demand that FEP International proceed with the1,347 words
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Article204 1977-12-21 1 KtjALA LUMPUR, Tues. *The Malaysian Government is still not convinced it should allow the Singapore Airlines British Airways Concorde to fly over Malaysian airspace. Today's meeting between British and Malaysian government officials ended with no change in Malaysia's stand. Two British experts, Mr. O.H. Kemmis204 words
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800 1977-12-21 1 Agencies. LONDON, Tues. Saudi Arabian Oil Minister Sheikh Ahmed Zakl Yamanl predicted that "there will be no increase" In oil prices at the meeting of the Organisation of Petroleum Exporting Countries (Opec) starting today in Caracas. The sheikh made his prediction In theAgencies. - 800 words
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Article237 1977-12-21 1 Reuter LONDON, Tues. The US dollar slumped again on the European foreign exchange markets today In an atmos{>here of uncertainty and ncreaslng anger at the United States. "The dollar is fast going down the drain and nobody seems to care," said a leading London dealerReuter - 237 words
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Article110 1977-12-21 1 MONFAIR Optical, a local firm manufacturing spectacle frames and lenses, based In Oeylang, has ceased operations temporarily due to poor business. Its entire production staff, numbering 70 workers, has been retrenched. The company, which opened in 1970, put up an official termination notice on Saturday, informing its110 words
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298 1977-12-21 1 THE local money market will see its quietest Christmas ever with overnight rates averaging around only 3 per cent despite the pro* longed festive season, with three major holidays in the- space of about a month. December usually sees an active market with298 words
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707 1977-12-21 1 JOHN LIM - ly JOHN LIM TIN consumers may well •pay up to M 52.000 per picul (yesterday's tin price was Mi 1,780 per picul) for the metal before long. This seems probable as the US is yet to decide on its stockpile Intentions. The demand707 words
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Page 1 Advertisements
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Advertisement65 1977-12-21 1 whatever you need in menswear.get itat... MOHAN'S DEPT. STORE (PTE.) LTD. 321, Orchard Road "W *****22 (nam to Mandarin Hotel) Branch: 101,langlinShopping Centra T* *****40 Daily :9am-9 pm SEE PAGE 2 I Over**i New*/ TV Radio P2 Overseas New*/ Crosswords P3 Local Co. News PA International Co. News P5 Local65 words
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Advertisement70 1977-12-21 1 H>reTw» eW!USe "W-fr undet one1 ft u r u > strategic location near Pan Island E*pressway/ Bukit Timah Road intersection 6 mile radius to city port Jurong long term secure lease plan your entire ottice layout f ull container capabilrty 3x40 ti full warehouse capabilrty hoists forklifts pallet trucks palletisation70 words
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Advertisement148 1977-12-21 1 Some flames just never give up TAMTA oMweUl Anypcison sealed viy at this desk ean do the y/ work of three people Yes, one person to handle all customer accounts. Calculate and complete invoices. Prepare statements. Process payroll. Control the ledgers. Control stock flow. All these procedures completed at electronic148 words
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OVERSEAS
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1027 1977-12-21 2 Washington Star Reuter WABHINOTON, Tues. The United States' second largest steelmaker, Bethlehem Steel Corp., has announced a 5.5 per cent price Increase on a broad range of products that, ironically, takes effect the same day as the administration's new barrier to steel Imports.Washington Star; Reuter - 1,027 words
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Article137 1977-12-21 2 Reuter HONGKONG, Tues. A China-financed company, Ylu Llan Machinery works, is negotiating to buy a large site on one of Hongkonfps outer islands to build a shipyard. Informed sources said discussions are now in an advanced stage and an announcement is expected soon. TheReuter - 137 words
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331 1977-12-21 2 AFP UPI TOKYO, Tues. Major Japanese steelmakers reacted calmly today to a European Common Market decision to curb stool imports by adopting a socalled "basic price system. They had anticipated the Common Market taking such a step sooner or later as theAFP; UPI - 331 words
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Article128 1977-12-21 2 OTTAWA, Tues. Canada Is ending all government support for commercial relations with South Africa and withdrawing its trade commissioners there In protest against Pretoria's racial policies. Mr Don Jamleson. the Minister of External Affairs, told the House of Commons yesterday that Ottawa was dropping all loans128 words
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708 1977-12-21 2 NYT Reuter WASHINGTON, Tues. President Carter is considering a reduction of certain federal excise taxes as a part of his tax-cut proposals to Congress next year. While he has often spoken of his Intention to request substantial decreases in Individual and business taxes,NYT; Reuter - 708 words
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628 1977-12-21 2 AP AFP BRUSSELS, Tues. European Common Market foreign ministers disagreed yesterday on renewing the international textile trade agreement, called the multi-fibre arrangement, that expires next Dec. 31. Final agreement on a new four-year multi-fibre arrangement depends on bilateral agreements witn India, Brazil, Pakistan andAP; AFP - 628 words
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603 1977-12-21 2 AP UNITED NATIONS, Tues. The US said It will abstain from voting for the 1978-70 United Nations budget and may oppose future budgets unless "extravagant" programmes are restricted and "outmoded and obsolete" ones are cancelled. The US, which bears onequarter of the UNAP - 603 words
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472 1977-12-21 2 Reuter BONN, Tues. The real growth rate of some 3.5 per cent that the West German government hopes to achieve next year looks like the top possible limit. Disclosing this Mr. Otto Schlecht, state secretary at the Economics Ministry noted that thisReuter - 472 words
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299 1977-12-21 2 Reuter WASHINGTON, Tues. The International Monetary Fund said its buffer stock financing facility may be used for members in connection with financing special stocks of sugar under the International Sugar Agreement. Under the agreement, which is likely to become effective on Jan.Reuter - 299 words
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588 1977-12-21 3 Reuter LONDON, Tuea. British officials are worried because the government Is spending too little money. Latest estimates show that central government expenditure on a wide range of programmes is running about 3* per cent below target, government sources said yesterday. This is making fiscalReuter - 588 words
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Article150 1977-12-21 3 Reuter LONDON, Tues. British wages have risen sharply, according to official statistics published yesterday, but It was not clear how it would affect the battle against inflation. The Department of Employment said that in October average earnings increased 1.5 per cent. The ftovernment is trying to lmitReuter - 150 words
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498 1977-12-21 3 AP BRUSSELS, Tues. Mr. Bob Bergland, US Secretary of Agriculture, said he had agreed with the European Common Market that there should be an attempt to get international agreements on trade In dairy products and feed grams as well as in wheat. InAP - 498 words
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165 1977-12-21 3 Reuter ZURICH, Tum. La teat development* on the foreign exchange market have ftilly deetreyed the competitive acq aired by Swiee industry from the currency .lability prevailing from mid-197S to mid--1977. Hie Swiss National Bank, in its report on event* from mid-November to midDecember? aaid thatReuter - 165 words
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203 1977-12-21 3 Reuter SYDNEY, Tues. The Australian dollar was devalued by O.H per cent today, the Reserve Bank said. The authorities cut the trajle weighted currency index used in managing the Australian dollar's value from 98.6 to 98.5, a new 12month low. However, the Australian dollar's rate againstReuter - 203 words
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Article53 1977-12-21 3 CANBERRA, Tues. Australian trading bank deposits rose to A 117.73 billion (5546.98 billion) in November from *17.43 billion in October and $17.13 billion in November last year. Advances outstanding rose to $12.96 billion from $12.93 billion in October and $11.78 billion in November last year, the53 words
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Article811 1977-12-21 3 UPWARD PRESSURE ON INTEREST Reuter NEW YORK, Tues. Credit demands In the US next year should rise to about US$35O billion (***** billion) from <323 billion this year. A Salomon Brothers economists' study in the firm's prospects for the Credit Market for 1978, expectsReuter - 811 words
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448 1977-12-21 3 Reuter BRUSSELS, Tues. Common Market finance ministers agreed to double the medium-term credits available to EEC countries 'with balance of payments difficulties subject to a British reservation. The UK reservation covers the technical problem of obtaining parliamentary approval and the doubling of the creditsReuter - 448 words
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Page 2 Advertisements
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Advertisement491 1977-12-21 2 Business Management in Penguins HOW TO SURVIVE N THE SLUMP The D«bt Trap: Cheryl Payer The International Monetary Fund is the most powerful supra-national government in the world today. This book is about the efforts of poor nations to gßin some control over their own economies and the role of491 words
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Page 2 Miscellaneous
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Miscellaneous284 1977-12-21 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Dec 20 at Singapore airport. Maximum Temperature 30.9° C Associated Humidity 65 Minimum Temperature 22.1* C Associated Humidity 100 Hours of Sunshine 8.15 Rainfall in Millimetres nil Total Rainfall for the Month 114.5 Total Rainy Days for the284 words
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Page 3 Advertisements
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Advertisement234 1977-12-21 3 "We're here to stay... w p :?-r; We are serious about the heavy equipment business in the Far East. We know how important it is for the decision makers to deal with a stable organisation that offers sales and back up service when it is needed. We are serious enough234 words
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Page 3 Miscellaneous
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Miscellaneous580 1977-12-21 3 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I Made a fatherly sound? (8) 7 Because of the occasion, extra work (8) 8 Strtk- a fly blow (4) i« Colours applied in pats? (8) 11 Summary for the ruminating readers, perhaps (8) 14 That at the end of the golfclub's shaft? (3)580 words
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COMPANY NEWS
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1175 1977-12-21 4 MANO SABNANI - »y MANO SABNANI CENTRAL Securities la to concentrate Its efforts during the current year on Its property development projects as well as upgrading its technological and marketing techniques within its Industrial division. Such a strategy is mapped out following (he sale In June this1,175 words
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Article137 1977-12-21 4 THE George Town Dispensary has released its sales figures to the Kuala Lumpur Stock Exchange following the exchange's earlier query. According to the company, its tales have improved by lome three per cent to $1.12 million in the ■ix months ended July this year compared with $1.09137 words
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COMPANY MEETINGS
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24 1977-12-21 4 THE following company meetings are due: Dec 22 on 31st Floor, UIC Building, Shenton Way,, Singapore 1 at 9.30 a.m.24 words
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22 1977-12-21 4 Dec 23 at its registered office, Jalan 13/4 (Jalan Bersatu) Petaling Jaya, Malaysia at 12 noon.22 words
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22 1977-12-21 4 Dec 27 at the Registered Office, Penthouse, 10th Floor, Wisrna Central, Jalan Ampang, Kuala Lumpur at 10.30 a.m.22 words
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Article14 1977-12-21 4 Dec 28 at noon at 72A Jalan Tampol, Johore Baru, Malaysia.14 words
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Article402 1977-12-21 4 Current Ex Date Total faTotal Ibr Toshiba UIC B.M. Trust Sovrnn K Lanjut Premium Hld«s Kinta Kellai Wearnes payment Da to parable tbo year pea ila— year 12%TE 20% 10* 6% 8 3% SHI 200HI 17H 24H SHI 5HI SHI 16H 5H 62 SH 2SH 40HI 7HHI 33402 words
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Article342 1977-12-21 4 MALAYAWATA Steel has received government approval for the proposed second rolling mill which is expected to boost its annual capacity from the present 150,000 tonnes to 500,000 tonnes when commissioned in 1981. The news of the go-ahead, reported in its just-released interim statement, underlines the role the company342 words
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335 1977-12-21 4 FT A LOAN of Sw. Frs. 15 million has been granted to Handewerkerbank, of Basle, by Swiss Bank Corporation to help cover losses Incurred by a Handwerkerbank subsidiary, Leavag Leasing und Verkaufs-AQ. The Zurich-based Leavag is shown by an auditor's report to have madeFT - 335 words
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Article93 1977-12-21 4 MONTREAL: Bank of Montreal said a US$2OO million seven-year loan agreement was signed in Copenhagen by the Kingdom of Denmark and a consortium of Canadian and International banks. The loan carries a spread over London Interbank offered rates of 7/8 per cent for the -first two years, rising93 words
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491 1977-12-21 4 A FALL in crop producUon due to poor weather conditions is the main factor behind the profit setback suffered by United Malacca Rubber Estates in the first six months of the current financial year ending April 30, 1978. However, the company hopes to retrieve491 words
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503 1977-12-21 4 NYT NEW YORK: For Wall Street, the Christmas bonus, like so many other aspects of stock markets past, is a shadow of its former self. Many of the large national retail houses have reduced these payouts in reflection of a year in which earningsNYT - 503 words
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Article1481 1977-12-21 4 December 19 CHICAGO Board Options Exchange volume was 88,064 contracts, up from 68,065 on Friday. OPTION 1 JAN APL JLY 8TOCK Alcoa Aloca Aloe a Alcoa Am Exp Am Exp Am Tel Am Tel Am Tel Am Tel AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Bank1,481 words
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Page 4 Advertisements
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Advertisement243 1977-12-21 4 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 «timated at $700 million for this year and $820 million for 1978.243 words
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INTERNATIONAL COMPANY NEWS
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183 1977-12-21 5 NORTH AMERICAN COMPANIES Reuter NEW YORK: International Business Machines Corp said Indonesia accepted In principle a plan for IBM to continue Its Indonesian operations under a domestic law requiring foreign firms to turn over their trading activities to Indonesians by the end ofReuter - 183 words
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Article54 1977-12-21 5 Reuter FINDLAY, (Ohio): Marathon Oil Co said it expects to spend more than US$33O million on North American capital projects next year, an Increase of about 40 per cent over 1977. Total estimated capital spending, exclusive of lease acquisitions, is projected at $435 million for 1978. compared with $450-Reuter - 54 words
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Article398 1977-12-21 5 Reuter NEW YORK: American Telephone and Telegraph Co chairman John de Butts said In reporting record earnings for the 12 months ended Nov 30, the company hopes for further Improvement In 1978. The company reported 12-month net earnings rose to U554.47 billion, upReuter - 398 words
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Article321 1977-12-21 5 Agencies SEATTLE: Boeing Co said Yemen Airways plans to purchase six more Boeing Jets, five advanced 727-200 Trijets and one advanced 737 Twinjet. The airliners are scheduled for delivery between September and December 1979, Boeing said. Boeing said this brings to 1,488 the totalAgencies - 321 words
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Article269 1977-12-21 5 EUROPEAN COMPANIES FT FRANKFURT: A de facto dividend increase is proposed by Gutehoffnungshuette, (GHH), for its West German shareholders. Foreign shareholders, as a result of the country's corporation tax reform, face a reduced Davout. GHH's news follows *****977s increases in sales, profits and orders. The company,FT - 269 words
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Article92 1977-12-21 5 LONDON: Texaco and Gulf Oil (Great Britain) said they awarded the main contract for construction of their joint £290 million catalytic cracker at Mllford Haven, South Wales to Snam Progettl, a British subsidiary of the Italian state Industrial holding company, ENI. Work on the cracker will92 words
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Article28 1977-12-21 5 FRANKFURT: Olivetti International has obtained a US$5O million Eurocredit from a consortium of banks, lead manager Commerzbank said. Proceeds will be used to consolidate short term llablities.28 words
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Article267 1977-12-21 5 Reuter TURIN: Fiat 1977 turnover will show an increase over last year's levels reflecting In part an expansion of sales, chiefly abroad, and in part price rises to reflect higher costs, the company said. It gave no figures. Last year net consolidated turnover was 9.27 trillionReuter - 267 words
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Article55 1977-12-21 5 Reuter CHICAGO: UAL has said it will have an extraordinary gain of U5545.34 million or $1.82 a share from a reduc- 1 tlon in debt due to its recent debenture exchange offer. About 84.5 per cent of each of the older issues was tendered in the exchange offer, whichReuter - 55 words
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Article89 1977-12-21 5 Reuter BARTLESVILLE, (Oklahoma): Phillips Petroleum Co said Phillips Norway group has resumed oil and gas production from the "west Ekofisk field In the Norwegian North Sea, one of seven fields being developed by the group In the area. Production from west Ekofisk had been halted on JulyReuter - 89 words
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Article103 1977-12-21 5 Reuter LONDON: British Petroleum said the second appraisal well on prospect 7/12 In the Norwegian sector of the North Sea tested oil at up to 7,000 barrels per day through a 32/64 Inch (12.7 mm) choke with a gas/01l ratio of 480 cubic feet per barrel. TestsReuter - 103 words
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Article32 1977-12-21 5 Reuter DUSSELDORF: The US$3O million maximum 10year 8 3/4 per cent Eurobond for Sparbankernas Sank of Stockholm has »en priced at 100 per cent, lead manager Westdeutsche Landesbank Glrozentrale said. Reuter.Reuter - 32 words
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Article335 1977-12-21 5 ASIAN COMPANIES Reuter BRISBANE: Pancontlnental Mining has received letters from 10 European and 12 US utilities from October to December, expressing an interest In substantial purchases of uranium from the Jablluka project In Northern Territory, chairman Tony Orey said. He said the quantities being sought exceedReuter - 335 words
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111 1977-12-21 5 Reuter WILMINGTON: Du Pont Co satd that while the US economy will slow in Its growth trend during 1978, Du Pont expects sales and earnings Increases. The company noted that Its 1977 sales growth outperformed the general economy's growth and that of theReuter - 111 words
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Article111 1977-12-21 5 AP VALLEY (Nebraska): Valmont Industries will sell irrigation equipment to China under a US$l million agreement signed recently. Robert" Daugherty, chairman and chief executive officer, said the firm will sh}p the equipment,'including 15 centre pivot systems, power units and pumps, to China during the next threeAP - 111 words
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505 1977-12-21 5 DETROIT: Oeneral Motors has agreed to pay owners of so-called 'Chevymobiles'' Bulcks, Oldsmoblles and Pontiacs equipped with Chevrolet-made engines US$2OO and give them an extended guarantee on their cars. The agreement was part of a settlement with 44 states to end suits against505 words
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Article100 1977-12-21 5 Reuter CHICAGO: Playboy Enterprises has said It will bring out a new food and wine magazine beginning next April. The magazine, titled International Review of Food and Wine, will sell on newsstands for US$l.5O, or $12 for 12 issues by subscription. Playboy said the magazine will be publishedReuter - 100 words
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Article70 1977-12-21 5 NEW YORK: Chemical Bank said here an agreement has been signed for a US$lOO million loan to the National Chilean copper company, Corporation Naclonal del Cobre de Chile. The s'/«-year loan will be provided by a banking syndicate led by Chemical and including Bank of Montreal. Bankers Trust70 words
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Article79 1977-12-21 5 Reuter NEW YORK: National Distillers and Chemical Corp said it signed definitive agreement to acquire Emery Industries that modifies terms of the agreement in principle. As previously announced, Emery holders will receive one share of national preference stock with a stated value of US$25 forReuter - 79 words
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176 1977-12-21 5 AP DETROIT: Ford Motor Co has denied statements by its head of South African operations that It plans a US$B million expansion there. 'Ford Motor Co Is nol expanding its Interests, facilities or product lines In South Africa In 1978," said Donald Petersen,AP - 176 words
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Article158 1977-12-21 5 Reuter TORONTO: Noranda Sales Corp said it raised its price for electrolytic copper in the US to 63 US cents a pound (0.45 kilo) from 60 cents effective from Dec 20. The company added the premium for electrolytic copper wirebar is now 0.625 cents per pound.Reuter - 158 words
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Page 5 Advertisements
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Advertisement132 1977-12-21 5 6 Yep. Will it be another gala edition like the launch number celebrating 100 years of recorded sound? You mean, for the December '77 issue of The Craft of Sound? Special features on installing sound equipment in the car and how the soundtracks of TV programmes ard made. Also, a132 words
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Article2381 1977-12-21 6 Gr's Gr's Net 1*77 1 1 Last i div Div yld P/E Vol Day High Low Company 1 Bale -or- c'vr C006) High Low SECTION ON* INDUSTRIALS 154 134 Acma 130 12.0N 1.8 8.8 6.3 m 204 105 Alcom 106 10.0 0.5 6.0 26.6 119 58 Allied2,381 words
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Article1403 1977-12-21 6 BID tW offer prices officially U*«4 bwtnwi h to the Kuala l.umpur Stock Exrt«m yesterday with Ite number of aha res traded ahown la bracketa in lata of l.Mt units ualaaa Hfcw alaa specified. SECTION ONE INDUSTRIALS Allied Choc (1.158 1.178) (1) 1.18 (7) 1.17 (3) 1.151,403 words
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Article1465 1977-12-21 6 BID and offer price* officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of (hare* traded shown in brackets in lots of 1,000 units unless otherwise specified. All time Settlement Contract* are .quoted after the world "Sett". Big Board1,465 words
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Article52 1977-12-21 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) (1) 0.68. (March $1.90) (0.688 0.725). Inchcape (March52 words
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Article148 1977-12-21 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' pric* tar Dw 21) (Currwat p rien) The Commerce 1.78 1.89 INCOME BOND 1.09 1.15 The Saving Fund 105 1.11 MARA BUMIRUTRA FUND S pore Prof Fund 0.84 0.89 (Managers' prion i tar Dm 21) S pore Security First Bumlputra 2.2S148 words
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Article102 1977-12-21 6 4 3/4% 1/5/79 (250,000) (100.358 100.455) 5 1/4% 15/10/79 (250,000) (100.908 101.10S) 5 3/4% 1/8/78-80 250,000) (101.30S) 4 3/4% 15/9/80 (250,000) (99.258 99 455) 5 3/4% 1/12/80 (250,000) (103.658) 5% T F 15/4/81 (250,000) (101.508 101 60S) 5% T F 15/10/81 (250,000) (101.478 101.578) 5% T F 1/5/83102 words
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Page 6 Advertisements
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Advertisement457 1977-12-21 6 1 m to wine and dine... 406/407 Havelock Road, B'pore 3. Tel: *****1 Come to our party! Mercury Room It'll be a Dance on X'mas L New Year's Eves. Non-stop music from-8.30p.m. 2a.m. at the Mercury Room, 18th Floor. Dance to the music of Bunny Bala It The Moonglows. The457 words
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Advertisement119 1977-12-21 6 m 9NGAPORE HLTON 181 Orchard Road, B'pore t. Tel: *****3 It's Carnival Time During Christmas Go South American with us during the Festive Season with lots of fun and laughter, excitement and joy helping to make it a Christmas you will long remember. Christmas Eve, Saturday, December 24 1977 Harbour119 words
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Article, Illustration541 1977-12-21 7 PRICES generally tended •asier in quiet and featureless trading on the Stock Exchange of Singapore yesterday. The market appeared to be weak and slight selling pressure across the board brought about losses of a few cents. Hie finance sector was especially weak and continued liquidation of scrips sent541 words
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Article334 1977-12-21 7 SHARE prices closed easier In another quiet session of trading on the Kuala Lumpur Stock Exchange yesterday. The day's activity began hesitantly and opening prices were marginally lower than overnight levels. There were, however, some isolated bullish ln-\ terests, notably in Olympla Plywood. The share enjoyed fairly334 words
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INTERNATIONAL STOCK MARKETS
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Article384 1977-12-21 7 HONGKONG: The market closed lower yesterday on moderate selling pressure although price falls were mainly limited to blue chips, dealers said. The Hang Seng Index fell 2.85 points to 411.97. J inline Malfcse— extended Its recent decline by a further 30 cents to HK$l2 after dropping to around $11.90384 words
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Article483 1977-12-21 7 TOKYO: Share prices closed lower yesterday In mixed trading, dealers said. The Dow Jones average fell 9.35 to close at 4 901.19 with volume of 340 million shares. The New Index closed at 364.48, down 0.02. The yen's appreciation depressed export orientated shares with Honda Motor falling 14 to483 words
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Article406 1977-12-21 7 SYDNEY: The market closed mixed yesterday In moderate trading with Industrials tending higher and minings easier, dealers said. The Sydney All -ordinaries Index rose 0.25 point to 457.78. However uraniums firmed after Monday's Pancontinenul annual meeting. Pancontinental slined5 lined 20 cents to A 510.90 while ueendand Minea rose five406 words
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Article136 1977-12-21 7 MANILA: The market closed lower yesterday with mining and commercial sectors declining, dealers said. Oils, however, were steady. Turnover rose slightly rom Mo to 4.04 million pesos f ndmy's 3.9# million. DK Pesos Acoje Mining OOM 14 SO -0 0004 AtluCon A -0 5 A tin Con B 2X136 words
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Article128 1977-12-21 7 DEC Bahts Asia Fibre 251 *2 Bangkok Bank 379 unch Bangkok Invest. 340 8 Bangkok-Metro-politan Bank Bala Bern Jucker 508 -12 Charoong Thai Wire 209 -5 Dumex Duslt Thanl Faber Merlin First Trutt 302 -8 Oenera Finance Indo-Thai Industrial Finance Corp 2085 -20 J And J Ho 354 Jalaprathan128 words
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Article320 1977-12-21 7 AMSTERDAM: Shares closed weaker over a broad front on Monday led by Akxo and Royal Dutch In Dutch Internationals, bourse sources said. In the rest of the market losses between 2.50 and four guilders were recorded by Nedlloyd. KNSM, Pakhoed and Van Ommeren. laternatio-Muller again weakened, closing almost five320 words
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Article161 1977-12-21 7 BRUSSELS: The bourse closed mainly lower on Monday, dealers said. Vieille Montague, St Rock and Sofia* rose while Reserve, Electrobel, Asturienne, FN, Cockerill, Hainaut-Sambre. Kerne, Wagoo»-Lita, UCB, Finoutrenaer. CBR and ARBED fell. In foreign stocks UK and French were mixed, Germans, Dutch and US rell and Canadians were unchanged161 words
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Article310 1977-12-21 7 FRANKFURT: Share prices closed mainly between one and two marks lower on institutional reluctance to take new positions before the yearend and the renewed weakness of the dollar on Monday, dealers said. Veha and Bayer, which agreed on a separation of their interest in Chamiache Warke Huels. lost 1.80310 words
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Article174 1977-12-21 7 MILAN: Stocks recovered over a broad front and closed generally firmer on Monday but in rather quiet trading, dealers said. The market Improved on less selling pressure and some bear coverHfiat, Olivetti privileged, Montedison and Aaic all gained while Snia Vmcom was barely steady after last week's heavy losses174 words
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Article277 1977-12-21 7 PARIS: The "Corbellle" stocks weakened In trading conducted only by stockbrokers on Monday following a new union strike call to bourse personnel, bourse sources said. The eight leading French shares quoted all fell Including Paribaa, Mick art a. Jacques Bow •■d Rhona-Poulenc. Non "Oorbellle" stocks were unquoted. The unions277 words
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Article320 1977-12-21 7 ZURICH: The market edged lower on Monday In slow •trading, with export oriented stocks suffering most following the dollar's decline, dealers said. The unchanged five per cent target for average growth of Swiss M-l money supply in 1078 set by the National wink hardly Influenced the market, .they said320 words
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Article363 1977-12-21 7 JOHANNESBURG: Trading was very quiet on Monday with gold and other mining stocks holding around previous levels, dealers said. In golds, Ergo gained five cents to 525, while Elaburg dropped 10 to 175. De Basra was in demand from London and rose three cents to 573 In fair trading.363 words
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Article306 1977-12-21 7 TORONTO: Qold issues led share prices lower on Monday with a 23 point fall In the gold index. The Composite index fell over three points In moderate trading and declines led advances 263 to 202. Done Mine* lost one to 67 1/2, Kerr Addison 5/8 to 13 1/8, Pamour306 words
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Article925 1977-12-21 7 NEW YORK: Stocks fell across a broad front in moderate trading on Monday. Analysts found several reasons for the decline. First, Investors are still worried about the dollar, which Is continuing its slide. Second, Institutions appear to be selling for tax losses to adjust their portfolios for the925 words
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Article65 1977-12-21 7 FINANCIAL TIMES INDUSTRIALS Monday 409 8 Friday 471.9 Week Ago 484.5 DOW JONES AVERAGE INDUSTRIALS Monday 807.95 Friday 815.32 Week Ago 815.75 LONDON DOLLAR PREMIUM Monday 91* to 91* Friday 93* to 99* H.K. HANG SENG Monday 414.82 Friday 416.41 Week Ago 417.77 SYDNEY INDUSTRIALS Monday 399.53 Friday 39865 words
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Advertisement399 1977-12-21 7 HOTEL MERLIN SINGAPORE 7500 Beach Road, Singapore 7 Tel: *****11. MING COURT HOTEL Tanglin Road, Singapore 10 Tel: *****3. HOTEL MIRAMAR 401 Havelock Road, Singapore 3 Tel: *****2. HOTEL NEGARA 15 Claymore Drive, Singapore 9 Tel: *****1. OBEROI IMPERIAL HOTEL J Jalan Rumbia, Singapore 9 Tel: *****6. HOTEL PHOENIX SINGAPORE399 words
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Advertisement11 1977-12-21 7 k322 f MRf OLD SCOTCH WKHKY 9 The Ancestor of Whisky11 words
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COMMODITY REPORTS AND PRICES
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Article370 1977-12-21 8 OPENING quotations on the Singapore rubber market yesterday were unchanged from overnight and rose marginally on short-covering interest before falling back towards the morning close, dealers said. Volume was small. The morning session closed slightly easier with January One RSS buyers finishing at 191.75 cents370 words
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Article29 1977-12-21 8 Rubber: Dec 20 Singapore: January 191.50 cent* (down 0.50 cent) Malaysia: 193.00 cent* (down 0.50 cent) Tin.: $1,780 (down $5) Official offering: 226 tonne* (ut> 23 tonne*)29 words
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Article325 1977-12-21 8 Prices in cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int l R.S.S. prompt f o b Int 1 R S.S. January Int 1 R S.S. February Int 2 R S.S UK/Cont Int. 3 R.S.S. UK/Cont Int 4 R.S.S. UK/Cont. Int 5R.S.S. UK/Cont. Buyers 191.50 192.50325 words
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Article107 1977-12-21 8 NOON SSR and SMR prices yesterday: RAS Jutury (Current Mth) B«yer» Seller* (cenu per kg) February (Forward Mth) Buyer* Seller* (cenu per kf) SSR 20 SSR 50 (1-ton pallet) (1-ton pallet) 188.50 186 50 190.50N 188 50N 189 50 187.50 191.50N 189.50N I MRELB SMR 5CV SMR5L107 words
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Article398 1977-12-21 8 TRADING remained at a low level with prices generally. steady at the Singapore produce market yesterday. Both the futures and physical markets for all commodities were quiet. An unsettling factor in the coffee sector were reports from New York that coffee futures were behaving in an erratic manner,398 words
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Article307 1977-12-21 8 LONDON, Tues. Terminal sugar opened £0.50 to £0.10 per tonne down from yesterday afternoon's closing levels. Turnover totalled 567 lots. Market sources said prices were initially marked slightly lower reflecting firmer sterling but there was little pressure to sell and values generally held steady. Trade sources said Tunisia purchased307 words
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Article114 1977-12-21 8 HONGKONG, Tues. The market was quiet with prices unchanged, dealers said. Total turnover was 418 tons comprising Thais 130, Kwangtungs 210 and Australias 78. The only arrival was 300 tons from Australia. (Prices in HK dollar per plcul exKodown) Tfcai White: 100 pet old crop Ist class 110 00114 words
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Article67 1977-12-21 8 C.I.F. Rotterdam US dollars per ton. LONDON: MomU> Previous Malaysia 5% ffa bulk Feb 497 sir 502 sir Sumatra 5% Ifa Dec 525 sir 525 sir Jan 517.50 *lr 512 SOilr Feb 505 sir 505 sir March 495 sir 490 pd April 405 sir 487 50/49 pd Nigeria67 words
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Article354 1977-12-21 8 e LONDON, Tues. Teri minal coffee opened slightly f easier £13 to £26 down from 1 yesterday's close. Volume 1 was 158 lots. Dealers said based on yesterday's New York close the market should have risen slightly but with sterlj lng continuing strong against the US dollar prices tended354 words
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Article177 1977-12-21 8 THE STRAITS tin price in Penang yesterday fell another Mss to $1,760 on an official offering up 23 tonnes to 226 tonnes. In LONDON yesterday tin fell £195 for cash and £115 for Three Monthk stan dard. High grade was £195 Mid £130 lower, respectiveThere was also a177 words
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Article333 1977-12-21 8 LONDON, Tues. Easiness In New York combined with 1 continued strength of sterlf lng sent terminal cocoa into a modest decline at the i opening although business was contained within an at most £25 trading range. End call losses ranged from £13 to £28.50 with prices finishing at or333 words
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Article403 1977-12-21 8 HONGKONG, Tues. The market closed little changed In fairly quiet and featureless trading, dealers said. March and September fell 0.03 and 0.05 US cents, respectively, while other Months rose 0.01 to 0.02 cents. Prices were steady throughout the dav with no fluctuation on low turnover, they added. Turnover403 words
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Article140 1977-12-21 8 CHICAGO, Tues. Soybean futures finished five to H cents a bushel higher after ranging either side of the previous close. Speculative buying took prices upward early In response to strength in meal futures and cash ?ft rkets But a of follow-through in relatively light trading and sharp losses in140 words
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Article70 1977-12-21 8 CHICAGO, Tues. Wheat futures closed mostly unchanged to fractionally higher at the end of a light trade yesterday. Prices fluctuated either side of the previous close deriving support from early firmness in soybean futures and exporter buying. A downturn in beans and light commercial selling helped take prices to70 words
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Article279 1977-12-21 8 LONDON, Tues. Copper wlrebars finished the morning with all round losses of £5. Dealers said values were marked down on the premarket under general liquidation prompted by continued strength of sterling against the dollar and relatively poor physical demand. Three Months traded down to £694 but found some dealers279 words
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Article165 1977-12-21 8 LONDON, Tues. Silver closed with losses of 3.7 to 4.0 pence per troy ounce. The overnight drop at New York, sterling's strength against the dollar and barely steady gold combined to dampen sentiment, dealers said. Liquidation and chart selling was reported. Dealings were broader than of late although carries165 words
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Article330 1977-12-21 8 TRADING conditions remained dull and quiet on the Singapore gold market yesterday. The kllobar opened at 13*12,065 and rose on some short-covering activities to a high of 8912,110. The market closed at 5512.090 The LONDON market opened at U*****.30/00, •touched a high of U*****.00/160.30, and eased to close at330 words
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Article61 1977-12-21 8 LONDON, Tues. Zinc fell £8 all round.. Fairly aggressive liquidation and stop-loss selling followed the General trend and pushed Three Months from £302 on the pre-mar-ket down to £296 in the ring and to £294 on the kerb Sales were 2,350 tonnes. ON Monday, unc was around £1.25 per61 words
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Article58 1977-12-21 8 LONDON, Tues. Lead do# the ring with losses 50 for *****1 •nd £4.75 for Three Months. Three Months traded from a pre-market high of £374 but touched £369.50 In the ring before short-cover-ing cushioned the fall. Sales were 2,100 tonnes. On Monday, lead fell by around £1.25 per tonne58 words
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MONEY AND EXCHANGES
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Article527 1977-12-21 8 THE FOREIGN exchange market saw a fair bit of activity yesterday, with sterling making the biggest gain. It opened in Singapore at 1.8800/20 against the US dollar, but fell slightly to 1.8770/80 at lunchtime. With the entry of London in the afternoon, however, it rose steadily, hitting a527 words
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Article36 1977-12-21 8 ACBC Algemene Bank 7 Citibank HSBC Bank of China 7 Bank of Tokyo 7 Malayan Banking Bank N«gara Indonnit 7 OCBC OUB Chartered Bank 7 LCB Chaae Manhattan 7 DBS 7 UMBC (JOB36 words
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Article185 1977-12-21 8 Asian rates 1 A8IAN currency deposit Inter&ank 1 rates as at close on Dec 20: IS Dollar. (Spot) Offer Bid 7 days 1 mth 2 mths 3 mths A mths 9 mths 12 mths 3/4 .7 1/8 .7 vie .7 1/4 .7 vie .7 9/16 .7 5/8 8 5/8 7185 words
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Article47 1977-12-21 8 5. A J22 E oS f fi?» 0 ered by dUcoum Overnight 2* to 3MK Call deposit 3%% "-'I, Buying S*Uia« 3-Month Treasury bills 31/4 3 1/B 3-Month Bank bills 4 7/B 43/4 3-Month CD 511/16 59/18 0-Month CD 515/1# 513/16 Source: National Discount Co. Ltd.47 words
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Article136 1977-12-21 8 Euro rates LONDON, Tues, Eurodollar deposits were largely steady but with a slightly softer undertone In quiet trading, dealers said. Among periods, One, Two and Three Months held last night's levels while Four Months eased fractionally to 7-3/8 7-1/4 per cent. With most operators squared ahead of the holidays, banks136 words
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Article56 1977-12-21 8 AUSTRALIA/NZ exchanges on Dec. 19. AUSTRALIA: OS dollar 1.13W/1 1341 Sterling 0 OOM/00C22 Ninety-amy air mall buying rate* Sterling 0 6243 US dollar 1 1074 Ninety-day forward buying rate* Sterilnc 0 0041 U8 dollar 1.1318 NEW ZEALAND: Sterling 0 5432/0 5403 US dollar 1.0200/1.0100 Ntnety-day airmail buying rate* Sterling56 words
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Article60 1977-12-21 8 ZURICH exchanges closing quotes on Dec 19. US 2 0280-0320 Stg 3 7895-7934 Can 1 8530-4570 D Mk 96.77-96.06 D Fl 88.07-36 F Fr 42.35-45 B Fr 6.05-07W D Kr 34 66-79 4 N KR 39 29-39 S Kr 42 86-96 Lit 0.2316-2319 Aus sch 13 32v,-37\ Port 560 words
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Article242 1977-12-21 8 LONDON, Tues. Sterling firmed against the dollar to over $1.89 and was higher as measured by the trade weighted incfex in very thin pre-Chiristmas trading, dealers said. This partly reflects dollar weakness against major currencies such as the mark and Swiss franc, which reached new highs In New York242 words
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Article218 1977-12-21 8 NEW YORK, Tues. The dollar yesterday closed sharply lower against major currencies, reaching new lows against the Swiss franc and the mark, dealers said. The market remained very thin ahead of the Christmas holiday, they said, and small dollar sales were sufficient to cause sharp rate movements. They218 words
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Article180 1977-12-21 8 TOKYO, Tues. The dollar for overnight delivery closed at 240.75 yen, up from a 240.60 opening but down from yesterday's close of 242.10, dealers said. Trading volume was a moderate $273 million. No Central Bank intervention was detected, they said The US unit fell Initially to 240.30 yen at180 words
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Article117 1977-12-21 8 HONGKONG, Tues. Sterling closed around $1.8775/95, above New York's closing level of $1.8765/75 but below its midsesslon $1.8800/ 20 level, dealers said. However, the advance largely reflected the overall weakness of the dollar rather than demand for the UK currency. The US dollar weakend further to 2.1055/75 marks from117 words
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Article45 1977-12-21 8 FRANKFURT exchanges opening quotes on Dec 20: US 2.1070/90 (2.1195/1219) Can 1 9280/30 Stg 3 96/99 D Fl 92.10/30 S Fr 104.60/106.00 Lit 2 407/417 F Ft 44.25/40 N Kr 41 03/23 B Ft (con) 6 343/353 B Fr (fin) 6.31/32 Yen 0 6760/8045 words
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Article197 1977-12-21 8 LONDON, Tues. Euro- bonds were selectively acr tlve, dealers said, r Dollar Eurobonds lost ud to %in light trading. quoted o Bid UM 98.88 r.n 97.88 9M9 98.71 98.89 9UI 98.98 ss 98.99 97.78 £3 98.87 97.89 98.28 97.78 98.78 88.78 r.M NJI 97.87 UM UM usr 98.87 BM197 words
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Page 8 Advertisements
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Advertisement166 1977-12-21 8 MONTHLY ECONOMIC REPORTS With monthly political supplement for'UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide tp the latest developments that have taken ploce in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is divided into166 words
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TRANSPORT AND COMMUNICATIONS
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242 1977-12-21 9 AP PORT ELIZABETH, (South Africa) Tues. The two crippled American-owned supertankers Venoll and Venpet are now likely to be towed 160 km east up the South African coast to Algoa Bay for transshipment of the Venoll's 250,000-ton cargo. Mr. John Kerr, vice-pre-sident ofAP - 242 words
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130 1977-12-21 9 Reuter LONDON, Tues. British independent airline chief Freddie Laker, pioneer of the cut-rate, no frills TransAtlantlc Skytrain Service, said today he would be flying five extra daily flights between London and New York during the Christmas season. He said that in addition to theReuter - 130 words
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270 1977-12-21 9 Reuter HONGKONG, Tues. The Nigerian National Shipping Line plans to start a Southeast Asia and Far East service In May. Acting Commissioner Mohammed Jekada said the service from Lagos will call at ports In India, Singapore, Shanghai, South Korea andReuter - 270 words
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Article130 1977-12-21 9 THE REDUCTION in output of crude oil in West Asia has led to a corresponding decrease In the supply of liquid petroleum gas as well as of liquid natural gas. This has led a Abu Dhabi Gas Company to lay up two of their four chartered LNG130 words
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786 1977-12-21 9 TIM PURCELL - By TIM PURCELL FT. KABUL: For a land locked country whose major rivers are dry for six months of the year the proposal to launch an Afghan Shipping Line sounds as unlikely as the Swiss Navy (which actually exists). Not the least ofFT. - 786 words
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Article1033 1977-12-21 9 THERE are still too many ships chasing too little cargo. Shipping costs remain low for shippers. Freight rates are very attractive in the nonconference sector. Conference lines are hardpressed to maintain conference rates and in some routes there is frequent rate cutting. Cargo available Bulk sulphur Kuwait/India1,033 words
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Article, Illustration436 1977-12-21 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge Cont. Glorious (0700 alongside Koyo Maru) 19 Duteous (1500 42/43 Koyo Maru (2300 tbc) 19 Kyosel Maru (1100 tbc) 33/34 Lloyd Bakke (0600) 3/4 Pontoon Brunei 68 0700 alongside Taimyr) 47 Susan Maersk (1500 tbc) 1/2 PASIR PANJANG WHARVES Brilliant (1100 after436 words
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158 1977-12-21 9 AP LONDON, Tues. London's Heathrow Airport was packed with frustrated holiday travellers yesterday after heavy fog forced the cancellation of most of the day's flights. By 4 p.m. (1600 GMT) only 60 of the 250 scheduled departures took off. Only two of the 240AP - 158 words
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Article636 1977-12-21 9 ARRIVALS Service Local Operator Number Time From TMA MAS PAA TL304B MH682 PA847 0530 TPE 0810 KCH 1025 SFO/HNL/OUM OIA CPA THAI GA980 CX710 T0423 1030 HLP 1035 HLP 1035 BKK SIA THAI OIA SQ209 TG981 OA944 1045 HLP 1045 BKK 1055 PKU PAL OIA f RBA636 words
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Page 9 Advertisements
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Advertisement133 1977-12-21 9 ft ft ft •r VI i 7^ I -cj; ft. SSSS" 0 > f HIGHLIGHTS FOR DECEMBER ISSUE Pressing on to Petrochemicals: Singapore, already the most important oil refining centre in the east, is moving from merely processing crude to petrochemical products. To tap the Money Pool: The future of133 words
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Article, Illustration2120 1977-12-21 10 SECOND of a series on US banks and the federal agencies that regulate them. In this article, Nicholas Horrock of the New York Times focusses on certain irregular practices. NYT WHEN Bert Lance's financial manipulations hit the front pages last summer, theyNYT - 2,120 words
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1045 1977-12-21 10 HENRY SCOTTSTOKES - The USA where firms both borrowers and lenders are By HENRY SCOTTSTOKES NYT NEW YORK. A fierce battle Is in progress between commercial banks and industrial corporations in the hot competition to lend cash to, oddly enough, other Industrial companies. Since a decade ago. when short-term lending by one corporationNYT - 1,045 words
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Article, Illustration869 1977-12-21 10 PAUL LEWIS - By PAUL LEWIS NYT PARIS: The falling dollar means different things to different people. But the decline in value becomes increasingly important to all. the longer it continues. The dollar's weakness now affects travellers, traders, diplomats and economists. The issues It raisesNYT - 869 words
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Page 10 Advertisements
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Advertisement166 1977-12-21 10 J COLLECTING Oriental Antigwej by Judith Moorhouse and Dries Blitz ra Hamlyn Group, London. n ta l antiques have always fascinated collectors frZwJ U pt J e it W orl J' evoking as they do the exotic and ln- however > wldel y believed that they are too i average166 words
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580 1977-12-21 11 Agencies TOKYO, Tues. The prestigious Mitsubishi Research Institute yesterday predicted that the Japanese economy will not achieve the 7 per cent growth rate called for by Prime Minister Takeo Fukuda for the 1978 fiscal year starting April 1. It predicted a real growth rateAgencies - 580 words
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164 1977-12-21 11 Reuter TOKYO, Tues. An under wrlting syndicate of Japanese banks and securities firms agreed to a Finance Ministry proposal to issue 1.3 trillion yen (5511.7 billion) of national bonds under the government's second fiscal 1977 supplementary budget covering the January to March period, andReuter - 164 words
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Article97 1977-12-21 11 AFP TAIPEH, Tues. Taiwan may export US$BOO million (S$ 1,872 million) worth of products to West Asia next year. The oil-rich West Asian countries were a potential market for products manufactured in Taiwan, a trade official said. However, the quality of local products must be goodAFP - 97 words
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Article50 1977-12-21 11 DR. Ang How Qhee has been appointed chairman of the Science Council of Singapore by the Minister of Health. Dr. Ane. an associate professor in the Chemistry Department of the University of Singapore will replace Professor Choo Seok Cheow who is now the University's Deputy VlceChancellor.50 words
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280 1977-12-21 11 Reuter TOKYO, Tues. Japan's vehicle production rose to a record 792.858 units In November, up 4.8 per cent from October and 12.2 per cent from November last year. The previous monthly record was 784.386 In September this year, the Japan Automobile Manufacturers Association said. BriskReuter - 280 words
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351 1977-12-21 11 AFP KUALA LUMPUR, Tues. The finance ministers of Asean countries will meet In Bangkok early next month to discuss ways and means of increasing lntra-re-gional economic cooperation. Finance Minister Tengku Razalelgh Hamzah said in Parliament last night that the ministers would also review theAFP - 351 words
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285 1977-12-21 11 SINGAPORE'S total sewage treatment capacity will be Increased to about 800,000 cubic metres a day when its five new treatment works become operational in 1981. In an article in the Ministry of Culture's weekly publication, The Mirror, Mr Tan Tent? Huat. Chief Engineer (Planning285 words
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264 1977-12-21 11 THE SINGAPORE Institute of Management will hold a course on business law from Feb. 14 28. It will be conducted by Mr. Llm Choung Seln, a lecturer in Ngee Ann Technical College who has conducted courses for several professional bodies. This course will264 words
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Article144 1977-12-21 11 MR. PATRICK MacDougall, chief executive of Amexbank London, the merchant banking arm of the American Express Banking group, will be Joining the board of Jardine Matheson and Co Ltd in Hongkong from the middle of next year as an executive director. This was announced in144 words
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Article77 1977-12-21 11 THE National Productivity Board will conduct a course on Managers and Information Systems from Jan 9 16 at the NPB Town Training Centre in Hotel Royal Ramada. The course Is designed to provide participants with understanding of, and access to, management information requirements. Lecturers will77 words
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757 1977-12-21 11 Agencies HONGKONG, Tues. China's trade with noncommunist countries this year will remain near the 1976 level of US$lO.9 billion (5525.5 billion). Quoting Western analysts, the Hongkongpubllshed Asian Wall Street Journal reported that China's trade with Its 15 most important non-com-munist trading partnersAgencies - 757 words
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218 1977-12-21 11 Reuter BANGKOK. Tues. Thailand's bill for crude oil and oil product Imports during the current year is expected to increase to US$l.l4 billion fS$2.B9 billion), 35.9 per cent higher than last year. During the first nine months of this year. Thailand imported crude oilReuter - 218 words
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1323 1977-12-21 11 AFP HONGKONG, Tues. Asian countries which have built up blp textile Industries are gloomily seeking ways to diversify their economies now that the flood of their cheap clothes into Western Europe has been restricted. In a series of gruelling negotiations, the EEC has beenAFP - 1,323 words
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725 1977-12-21 11 KUALA LUMPUR, Tues. Malaysia's economic outlook Is brighter all round because of the better-than-expected performances of its major exports. According to Finance Minister, Tengku Razalelgh Hamzah economic growth is now expected to be "somewhat higher" than the 8 per cent originally predicted due725 words
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Page 11 Advertisements
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Advertisement428 1977-12-21 11 APPOINTMENTS A will>«itobliih«d EnginHrin| Firm engaged in th« development ond manufacture of precision machanical equipment invitee applications from suitably qualified Singapore citizens for the following posts: PROJECT ENGINEER The man we are looking for should possess a good Honours degree in Mechanical Engineering with a minimum of 3 years post-graduate428 words
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Article, Illustration955 1977-12-21 12 CHOOSING the path of private enterprise has paid off handsomely for South Korea. Despite the handicap of much larger population it has succeeded In overtaking North Korea In most economic areas. South Korea's per capita ONP is one third higher, its per capita consumption955 words
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209 1977-12-21 12 SEOUL, Tues. The Korean government plans to open a large-scale foreign exchange market in Seoul early next year In order to internationalise financial transactions and support overseas Investments by Korean enterprises. Government sources said that the development of a forward trading system and a209 words
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Article490 1977-12-21 12 AP SEOUL, Tues. South Korea continued to notch up one of the fastest economic growth rates in the world in 1977, claiming a current account surplus for the first time since 1906. The Economic Planning Board claims at least 10 per cent real economic growth, comparedAP - 490 words
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546 1977-12-21 12 Agencies WASHINGTON, Tues. The US Agriculture Department now forecasts world rice production at a record 362.3 million tonnes, compared with its earlier estimate of 358.5 million tonnes. It projected world rice trade next year at 8.2 million tonnes (milled basis), unchanged from its previousAgencies - 546 words
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642 1977-12-21 12 KUALA LUMPUR, Tues. A relatively unknown Bumiputra company, Mars Electronics and Engineering, has bought a near 10 per cent Interest in Federal Cables, Wires and Metal Manufacturing, the lossstricken company which is trying to shake off a variety of problems. The 1.3 million shares642 words
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Article200 1977-12-21 12 PENANO, Tues. The end of Penang's free port status spells hardship for the retail and export trade In electrical appliances. The secretary of the Radio Traders Association of Penang and Province Wellesley, Mr. Teoh Eng Hoe said outstatlon retailers would not shop In Penang as the200 words
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Article144 1977-12-21 12 JAPAN has been urged to provide wide-ranging assistance to speed up economic development In the Asean region. The Japan External Trade Organisation (Jetro), a semi-official government organisation', said that Japan cannot disregard Asean's intention to Improve economic development of this region, because the stability144 words
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854 1977-12-21 12 TOKYO, Tues. External Economic Affairs Minister Nobuhlko Ushlba today warned the Japanese Cabinet that Tokyo's overall external relations could be adversely affected If the country's trade dispute with the United States was not settled. Mr. Ushlba also said he advised the Cabinet that further liberalisation854 words
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Article670 1977-12-21 12 LONDON, Tues. Share prices advanced following the continuing strength of sterling, although trading remained fairly quiet ahead of the Christmas holiday. Government bonds closed slightly below highs with longdated stocks about higher after or point rises. Shorts were mixed. Leading industrials advanced and at 3 pm, the Financial670 words
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Page 12 Advertisements
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Advertisement48 1977-12-21 12 The Economist From December 1977 Price OF THE ECONOMIST IS S/M53.50 PER COPY Airspeeded Subscription Costs:1 Year S/M5155.00 6 Mths S/M 80.00 3 Mths S/M 42.50 Send your order with the remittance to> MARICANS 321, Jalan Tuanku Abdul Rahman, Kuala Lumpur. 171, Middle Road, Singapore 7. lit. 148 words
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Advertisement27 1977-12-21 12 M Ljp M i > v 5 M r» S3 I <* > V' r >§■ m v-S&: mJL I rTin 1 J ii J v •^zmamr st X N»»n» 927 words
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