The Business Times, 5 January 1978
1978-01-05
1
12
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The Business Times
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Title Section11 1978-01-05 1 BUSINESS TIMES M.C.(P) No. 2ia/l/78 THURSDAY, JANUARY 5, 1978 50 CENTS11 words
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BRIEFLY...
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Article71 1978-01-05 1 Reuter KUALA LUMPUR, Wed. Malaysian Communlcatlon* Minister Tan Sri Manlckavasagam left hen today for Jakarta where he will have talks with his Indonesian counterpart Emll Sallm. The talks will cover Malaysia's ban on the supersonic Concorde. Tan Sri Manickavasagam said Malaysia's decision to ban the Concorde forReuter - 71 words
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Article48 1978-01-05 1 AFP LONDON, Wed. British reserves at Dec. 31 totalled US$2O.6 billion (Ssso billion) against $4.1 billion a year earlier, thus rising about five-fold during 1977, the Treasury announced today. The figure for the year was complete with the news that reserves rose $163 million In December.AFP - 48 words
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Article58 1978-01-05 1 Reuter JERUSALEM, Wed. Prime Minister Begin said today that Palestinian Arabs cannot have selfdetermination "as the term is understood In International law and practice." Mr. Begin spoke as Israeli officials gave close scrutiny to President Carter's latest pronouncement on the Middle-East, which said that the Palestinians shouldReuter - 58 words
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Article60 1978-01-05 1 AP NEW YORK, Wed. The US petrol price, despite predictions of a continuing energy crisis that would sharply boost prices, rose slower last year than the general cost of living. The combined US petrol price Including regular, unleaded ana premium petrol sold at full-service and self-service pumpsAP - 60 words
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Article60 1978-01-05 1 Reuter TAIPEH, Wed. Foreign and overseas Chinese investment In Taiwan reached US$l6O millllon (SJ3BS million) In 1977, compared with $140 million In the previous year. Vice Minister for Economic Affairs Chang Kwang-Shlh said. Such Investments rose by $60 million In the last two months of 1977 reflectingReuter - 60 words
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Article83 1978-01-05 1 AFP LONDON, Wed. Snuff Is staging a comeback with sales last year well up on the previous 12 months. Prospects will be even better from midJanuary when the price drops by about half as a new European Economic Community (EEC) regulation ends tax on the product. This willAFP - 83 words
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Article51 1978-01-05 1 AP TEHRAN, Wed. Iran yesterday signed a contract to exchange US$27O million (Ss6so million) worth of crude oil for two Japanese water desalination units. A Japanese consortium headed by Sassakura Engineering, and including Mitsubishi Heavy Industries and Sumitomo Shojl Kalsha, signed the contract with Iran's Atomic Energy Organisation.AP - 51 words
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Article42 1978-01-05 1 UPI NEW YORK, Wed. Stocks headed broadly lower early today In reaction to the dollar's continued slide on European money markets. Trading was moderately active. Decline far outnumbered advances, 858 to 150, among the 1,352 Issues croslng the tape. UPIUPI - 42 words
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Chief Price Changes
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Article122 1978-01-05 1 Foils Most active K Kampar 302 -8 Sin Chew 99,000 84,000 58 MO Nat Iron 298 -8 Nanyang Press Spore Merlin 132 -8 UOB Apollo M Floor 152 312 -7 •6 L. Huat 55 000 Total Turnover: 1.49 M Sin Chew Nanyang Prm 194 1M •6 Total122 words
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Article, Illustration151 1978-01-05 1 Foils Most active M.B.S. TronohTlaa O.C.B.C. A. Hitam P Bank Umtaw NST S Trading Inchape 2.80 5.85 8.10 8.85 2.36 1.35 5.25 5.85 2.20 -.20 -.15 -.10 -.10 -.07 -.05 -.05 -.05 -.04 Supreme Corp 489.000 K L Kepong 92,000 Haw Par 74.000 Allied Choc 87,000 Total151 words
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Article703 1978-01-05 1 COLIN CHEE - HEFTY OVERNIGHT JUMP BY COLIN CHEE GOLD yesterday registered one of Its sharpest daily increases with a hefty US$4 (559.30) overnight Jump from Tuesday's closing price of U*****.00. Opening at U*****.50/90, Just above New York's Tuesday closing of U*****.20/60, speculative buying both locally and703 words
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312 1978-01-05 1 THE Australian Repco group expects to begin full production at its $16 million Jurong plant in March next year, about 17 months after It was first announced. <n»e speed at which It Is Implementing the project suggests that Repco is optimistic about prospects for its312 words
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607 1978-01-05 1 CHAN BONG tOO - Jkr CHAN BONG tOO INVESTORS in Singapore and Malaysia have had a satisfactory opening to the year compared with their counterparts In Hongkong. Abolition of its 25 per cent surrender rule by the British Treasury (as from Jan 1) sparked off a wave of607 words
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Article336 1978-01-05 1 JOHN LIM - •y JOHN LIM TEN local manufacturers of furniture and wood products are forming a consortium to sell their products in the UB. They were part of a 14man team who visited the US early November last year to promote locally made furniture, furniture components, cane products and336 words
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328 1978-01-05 1 Reuter AP STERLING took soother jump upward on European foreign exchange market* yeeterdny and also gained generally against other currencies. During a hectic spell of trading yesterday morning, it came doee to the US$2 level, reaching its highest peak for 22 months. ItReuter; AP - 328 words
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373 1978-01-05 1 Reuter MOST of the world's leading textile importers and exporters have Joined a new four-year pact regulating the US$4O billion (5592.8 billion) worth of international trade in textiles and clothing. United Nations officials said yesterday in Geneva that nine countries including Britain on behalfReuter - 373 words
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Article134 1978-01-05 1 AP VIETNAMESE and Malaysian officials have worked out most of the details of the bilateral trade agreement scheduled to be signed today. Only one or two things remained to be cleared yesterday paving the way for Increased direct trade between the two countries. TheAP - 134 words
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Page 1 Advertisements
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Advertisement73 1978-01-05 1 T aW^out tffcjjjSSrts unietone' 00 s«v s *4fc •s\ T, AS strategic localion near Pan Island Eipressway Bukit Timah Road intersection 6 mile radius to city port Jurong long term secure iease plan your entire office layout full container capability J 40 tt full warehouse capaDiirly hoists forkiitts pallet trucks73 words
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Advertisement53 1978-01-05 1 MDS SWISS may invect more is SHARE inftmnatioa and local Singapore 2 market report* 10 RAW Material. 4 HIGH UK tun trim BREAKERS akeed far world 11 •hipbuildari 5 DIVIDENDS announced U SAUDI building boon b Jo* DIVIDENDS announced U MALAYSIA tap* UBt4oom m CROSSWORDS, MEMOPAD 2. WEATHER TV A53 words
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Advertisement127 1978-01-05 1 r^7 l BANKNMJJ SAFE DBOSTT DATA SAFE STRONG SAFE SAFEHLE V JAL FLIGHT 71Z: THE TOKYO EXPRESS VANCOUVER MJ) M WSAN i FRANCISCO I HONOLULU I SINGAPORE MEXICO CTTY Only on JAL can you non-stop to Tokyo, then make convenient connections to U.S. and Canada. 39JAL flights depart every week.127 words
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TRADE AND INDUSTRY
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225 1978-01-05 2 ASIAN and Euro-American Merchant Bank (Aseam Singapore) will be renamed Asian-American Merchant Bank under its new set-up. The restructuring of Aseam Singapore, has been completed, the bank announced yesterday. Under the revamped structure, the bank's shareholders have been reduced from seven to three and its capital225 words
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Article165 1978-01-05 2 Reuter HONGKONG'S toy industry has dispelled some of the gloom over protection-hit textiles by recording a healthy rise of about 30-40 per cent in exports. Hongkong is the world's leading toy exporter and the industry is the colony's biggest money earner after textiles andReuter - 165 words
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Article163 1978-01-05 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Jan 4-23 Managing Conflict In Thong Teck Bldg. SIM Industrial Relations 7, 14 &21 The Effective Secretary Thong Teck Bldg. SIM 9-30 Industrial Application YMCA NPB 9-16 of Operational Amplifiers Palmer Road NPB Managers and Hotel Royal NPB Information Ramada Systems163 words
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Article744 1978-01-05 2 JOHN LIM - »r JOHN LIM SINGAPORE'S trade with Swltseriand showed a 34 per cent Jump last year. According to unofficial figures, two-way trade is estimated to have grown to $284 million from 1976's $212 million. However, most of the Increase was due to a 42 per cent744 words
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277 1978-01-05 2 BANK Rakyat Is now restructuring its capital investments to put the bank on a sounder footing. Its investments in buildings and subsidiaries are expected to be financed by the M 547.4 million loan the government has agreed to provide. Of this277 words
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227 1978-01-05 2 UPI THE AUSTRALIAN government Is not likely to help companies blacklisted by Arab nations for trading with Israel. Acting Prime Minister Doug Anthony said yesterday the government has never officially been advised of the existence of an Arab boycott list but "I am aware thatUPI - 227 words
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234 1978-01-05 2 Reuter THE WESTERN Australian state government announced a U552.95 million (556.84 million) oil exploration programme In the next five years about 120 km south-east of Broome In the onshore Canning Basin and an $11.5 million programme In the next six years in theReuter - 234 words
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Article122 1978-01-05 2 TWO Japanese study missions are expected in Singapore soon according to the secretary of the Japanese Chamber of Commerce and Industry. The first, said Mr. K. Tbkuyama, is a 20-member delegation from Nllgata Prefecture comprising representatives of small enterprises engaged In wooden and metal products. Including furniture. There122 words
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326 1978-01-05 2 THE Malaysia* Fronomtr Association will orgaalee a one-day seminar on "The future of the tin industry" at the Equatorial Hotel in Kuala Lumpur Jan 11. There will be two principal papers. One on "Prospects for tin as aa international primary commodity" was326 words
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Article70 1978-01-05 2 AN AMERICAN computer expert, Professor Anthony Ralston, is here on an IBM sponsored academic programme. IBM regularly sponsors foreign professors to visit local universities to share information on data processing and computers. Prof Ralston holds a doctorate In mathematics and is chairman of the State University of New70 words
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431 1978-01-05 2 AP AUSTRALIA and a dozen other majoi 1 meat producers are expected to sign new "voluntary restraint" agreements aimed at restricting the amount of low-grade beef they ship to the United States this year. The U8 Agriculture Department said on TuesdayAP - 431 words
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365 1978-01-05 2 NYT SOUTH Korea produces half the sweaters sold In Sweden, 90 per cent of the wigs that Americans buy each year and 70 per cent of the fishing rods that the Finnish use. These are among the 1,300 Items that Korea ships to 140 countries,NYT - 365 words
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126 1978-01-05 2 AFP SOUTH Korea will discourage introduction of short-term commercial loans from foreign sources under a new foreign capital Inducement guideline announced by the Economic Planning Ministry yesterday. The measure was taken as the nation's financial situation improved markedly with its current account balance In the blackAFP - 126 words
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Article77 1978-01-05 2 THAI rice exports in December decreased to 176,601 tonnes from 226,799 tonnes during the previous month and compared with 167,936 tonnes In December 1976, Commerce Ministry soucres said. Total rice exports last year Increased to 2.88 million tonnes from 1.86 mllUon In 1976. Trade sources said77 words
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Page 2 Advertisements
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Advertisement36 1978-01-05 2 This announcement appears as a matter of record only. US $6,500,000 MEDIUM TERM LOAN Managed by MALAYSIAN INTERNATIONAL MERCHANT RANKERS RERHAD And Provided by Continental Bank. V Barclays Bank Intomalonal Limited, Malaysian international Merchant Barton Betted.36 words
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Page 2 Miscellaneous
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Miscellaneous605 1978-01-05 2 THE TWO-IN-ONE CROSSWORD 2 U3 CRYPTIC PUZZLE ACROSS 3 Take what you don't want to f*l (5) Subject (best one for a century) (5) 10 Attach with difficulty (5) 11 Lived u a West Anglo-Saxon 12 Dangerous mount (9) 13 Landsmen of earthy type (7) 15 Framework of a lease605 words
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OVERSEAS
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Article152 1978-01-05 3 Reuter THE ITALIAN economy would be threaten In Its prospect for recovery if there Is a reduction In growth In the United States. Although the US needs adequate balance of payments adjustments to promote monetary stability, these should not come from restrictions on Internal demand.Reuter - 152 words
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Article74 1978-01-05 3 AUSTRIA'S trade deficit widened to a record 8.65 billion schillings (Ssl.3 billion) In November from 6.69 billion In October and 6.3 billion In November 1976. The central statistics office said imports rose to 23.05 billion schillings from 20.56 billion In October and were 2.82 billion higher than74 words
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Article91 1978-01-05 3 BELGIUM needs an economic growth rate of up to 9 per cent this year for a return to full employment. Prime Minister Leo Tlndemans said Belgian unemployment has Improved slightly but the future Is uncertain. Official figures for December have not yet been released but Belgian91 words
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588 1978-01-05 3 NYT THE United States government should take a more activist role in dealings between oil companies and oil exporting countries, according to a controversial report by the General Accounting Office. The report by the OAO, the investigative arm of Congress, stops shortNYT - 588 words
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385 1978-01-05 3 Reuter THE German government will not re-introduce the Bardepot rule to restrict overseas borrowing by German companies. It also has no plans for further capital controls to ease upward pressure on the mark A Finance Ministry spokesman was commenting in Bonn on speculationReuter - 385 words
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285 1978-01-05 3 UPI THE US SSM Billion i 551.864 million) allocated for farm commodity export* under the U8 Feed for Peace programme this fiscal year will boy needy nation* 8 per cent lees than had been estimated. The US Agricultare Department officials oa Tuesday haveUPI - 285 words
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157 1978-01-05 3 AFP THE US Agriculture Department on Tuesday announced an increase of almost US$BB million (Ss2os million) In food aid abroad during the current fiscal year starting last October, bringing the total amount to $741.4 million. The main beneficiaries of the boost are Egypt,AFP - 157 words
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557 1978-01-05 3 THE American businessman who dreams of boosting his profits by replacing workers with machines may be in for a rude awakening: capital intensive businesses are overall less profitable than labourintensive ones. So says Mr. Sidney Schoeffler, head of the Strategic Planning Institute, a Cambridge, Massachusetts557 words
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Article, Illustration656 1978-01-05 3 NYT Reuter THE chairman of States (Steel Corp. said In Pittsburgh on Tuesday that the company's steel facilities in Youngstown. Ohio, will eventually have to be clow because of very serious competitive disadvantages. It 'emDlovs 5.000 persons. Mr. Edgar Speer said no timetableNYT; Reuter - 656 words
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610 1978-01-05 3 NYT THE US Treasury Department put into effect some of the reference prices that will give the government an early warning of possible dumping of foreign steel. The average of the reference prices for various steel products was US$33O a tonne (*****) decidedly belowNYT - 610 words
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Article209 1978-01-05 3 Reuter US MONEY markets should continue relatively raim at least for a while. Morgan Guaranty Trust Co economists, writing in the bank's current survey, said such prospects exist even though the market seems vulnerable to possible actions which may flow from Preslden Carter's recent statement ofReuter - 209 words
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148 1978-01-05 3 Reuter CONSTRUCTION spending In U8 rose US$lOO million (***** mUllon) to a seasonally adjusted annual rate of $178 billion in November, 16 per cent more than 1976 s. October's increase was $2 billion. The Commerce Department said private construction increased $1.9 bUlion to $142.1Reuter - 148 words
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Article73 1978-01-05 3 NIGERIA Is raising a US$l billion (852.32 billion) syndicated loan, the Bank of Tokyo said as co-mana-ger of the loan. The seven-year loan at one per cent above London Interbank offered rates (Libor) which has a three-year grace Is expected to be signed In London later73 words
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WORLD IN BIEF
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Article555 1978-01-05 3 Agencies THE gross national product of the United States will cross the US$2 trillion (854.8 trillion) a year mark on Jan 27. Morgan Guaranty Trust Co. predicted this on Tuesday In New York. It took the US economy two centuries to reach the $1 trillion aAgencies - 555 words
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Page 3 Advertisements
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Advertisement142 1978-01-05 3 L®l W© know that everyone has different needs tor money. Different uses for It. We know that everyone's problem is individual. And what's more, that they vary even further from country to country. Thaf s why the Continental Bank of Chicago has so many different services, from Financial to Commercial142 words
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RAW MATERIALS
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Article364 1978-01-05 4 OPENING quotations oft the Singapore rubber market yesterday were marked down one cent with buyers and sellers quoted one cent apart. The market then fluctuated uncertainly for the major part of the morning's trading, dealers said. Past midday, some covering of nearby position and forwards364 words
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Article289 1978-01-05 4 Price* in cent* per kilo yesterday: Noon (per kilo) Clow (par kilo) Int. 1 R.8.8 prompt r.o.b. Int. 1 R.S.S. January Int. 1 R.8.8 February Int. 2 R.8.8. UK/Cent Int. 3 R.8.8. UK/Cont. Int. 4 R.8.8. UK/Cont. Int. 5 R.8.8. UK/Cont Buyers 194.75 1(6.75 196.50 194.75 193.75 191.25289 words
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Article94 1978-01-05 4 NOON 8SR and SMR prices yesterday: RAS (Cumat Mth) Fi (Fan feruary raHMtk) > Seller* Bam Mian Buy en (ceau per k|) (eeal top* kg) 38R as (1-ton-pallet) 190.00 192 .OON 191.00 1S3 00M SSR 90 MRELB (1-ton pallet) 1M.00 190.OON 1M.00 191 OM SMR 5CV (1-ton94 words
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Article414 1978-01-05 4 STEADY conditions prevailed In quiet trading at the Singapore produce market yesterday. There was an increase in inquiries from the Western countries but most of these did not result In any deals. In the pepper sector, the Inquiries came from West Asia and neighbouring countries. Small lots were414 words
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Article29 1978-01-05 4 Rubber: Jao 4 Singapore: January 196.25 cents (up 0.25 cent) Malaysia: 199.25 cents (up 0.25 cent) Tins: $1,715 (up $35) Official offering: 226 tonnes (down 27 tonnes)29 words
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Article439 1978-01-05 4 EXTREMELY strong and firm sentiments prevailed on the Singapore gold market yesterday. The kllobar opened 8*227 higher at 3112,790 and continued to firm during the day to close at SSI2.MO Just a shade lower than Its high of the day of 5512,875. Active trading activities were seen In the439 words
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Article139 1978-01-05 4 SUGAR futures yesterday rose to 12 lots from nine on Tuesday. The market closed about steady. Sugar futures closing prices: Previews Cloting Closiag Mch 9 47/48 9.44/47 May 9 88/9 90 9 86 '88 Jly 10.04/06 10.00/10.10 Sep 10.21/25 10 20/30 Oct 10 40/48 10 34/45 Tom: About139 words
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Article203 1978-01-05 4 YARN and cotton In Hongkong dollar*, spot ex-godown. Cotton fan: China Blue Phoenix 20 s 1.800. 32 s 2.020. 40 s 2.100 (per bale of 400 lb*>. Piece Goods: China Butterfly and Globe Brand unq, Dragon Head unq. Five Lambs una. Flower and Butterfly unq. Flying Geese unq203 words
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Article189 1978-01-05 4 AFTER ranging to either side of the previous close, soybean futures ended the session on a downward Dath In CHICAGO on Tuesday. Final prices were the day's lowest and reflected losses of IVt to 2V« cents a bushel. Commercial buying and firmness In product futures provided early market support189 words
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Article82 1978-01-05 4 WHEAT futures extended early weakness Into losses of four to 5Va cents a bushel as they finished the session at the day's lows In CHICAGO on Tuesday. Light commission house buying gave early support but prices slid lower on professional and local selling. Additional downward pressure came on largescale82 words
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Article62 1978-01-05 4 C.I.F. US dollars per ton. LONDON: Tuesday PtevlwM Malaysian 5* (la bulk Feb 525slr S07slr Sumatra 5% ffa Dec deleted 53islr Jan 52Sslr 52Salr Feb 517 50slr 517 50slr March SlSslr SlOslr April SOOpd 500pd May 497 SOpd 497 SOpd N igerlan SS f (a bulk unq unq62 words
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Article133 1978-01-05 4 BTRENOTH of sterling extended overnight kerb declines In sugar futures in London yesterday, producing opening call losses of £2 to £1.35. The official tone was "irregular". Both the London dally raws and whites prices were unchanged at £107 and £111 per tonne, respectively. Terminal sugar closed a quiet morning133 words
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Article85 1978-01-05 4 FURTHER strength in sterling sent terminal cocoa into an immediate although minor decline for first call losses of £2 to £13.50 per tonne, in London yesterday. On Tuesday, shortcovering provided significant support In terminal cocoa's afternoon market and the close was stead at mostly £5.50 to £6.50 per tonne85 words
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Article131 1978-01-05 4 TERMINAL coffee closed the morning In London yesterday "quietly steady" £12 to £40 up from Tuesday's cldse. Volume totalled 1,044 lots. There were no options traded. The market closed at or near the session's highs, March trading around 660 lots for a net gain of £12 at £1,749 having131 words
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Article193 1978-01-05 4 THE US Agriculture Department (USDA) reduced the amount of food aid for shipment during the current fiscal year by about 500,000 tonnes to 5.0 million tonnes. The USDA announced that the reduction reflects lncreases*ln estimated prices of wheat and rice. Two more countries have been193 words
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Article114 1978-01-05 4 HEAVY flooding In three central provinces of the Dominican Republic are believed to have virtually destroyed what was expected to be a near record rice crop. More than 2,500 families were forced to leave their homes when the Yuna and Camu rivers flooded an area114 words
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Article148 1978-01-05 4 THE STRAITS tin price In Penang yesterday rose Ms3s to $1,715 per plcul, on an official offering down 27 tonnes to 236 tonnes. In LONDON yesterday, tin extended Tuesday's late kerb rally to finish £170 higher for cash and £157 up for Three Months standard metal. High grade148 words
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Article247 1978-01-05 4 COPPER rose £6 for cash and £5.50 for Three Months wlrebara, in London yesterDealers said fluctuations in sterling against the US dollar again were a major influence in base metal markets in the morning. Ring trading was moderately active although carries formed the greater fart of the turnover of247 words
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Article121 1978-01-05 4 SILVER rose 2.0 to 1.8 pence per troy ounce In London yesterday. Prices were restrained at the outset of the premarket In line with the base metals. Trading remained modest and carries accounted for about half the ring turnover of 42 lots. On Tuesday, silver closed 0.4 pence lower121 words
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Article81 1978-01-05 4 ZINC ended the morning ring £1.75 up for cash and £0.75 higher _Jor Three Months in London yesterday. Some nearby covering caused the contango to narrow to £6 from £6.50 per tonne on Tuesday. On Tuesday, ilnc closed £1.75 down for cash and £1.90 lower for Three Months. Dealers81 words
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Article89 1978-01-05 4 LEAD gained £6.75 for cash and £4.50 for Three Months by the end* f morning ring dealings In London yesterday. Ring sales of 2,250 tonnes were about half carries. On Tuesday, lead ended the day £1.75 down for cash and £1.25 lower for Three Months. Prices were marked slightly89 words
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Article203 1978-01-05 4 BANGKOK rice prices remained unchanged yesterday. (Price* Ui US dollars per tonne lob buu Bangkok): WMte Uh: 100 pet Ist cltu MO. 1M pet 2nd class 345. 100 pet 3rd class 340. 5 pet Ml. 10 pet 319. 15 pet 312, M pet 300. a pet 300. pet unq.203 words
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933 1978-01-05 4 PRICE uncertainty causes most businesses to grumble. But last year, It helped the nation's two largest commodity futures exchanges chalk up record years. "Our Inventory Is price uncertainty. That's what we trade in. And uncertainty has never been In greater supply than It Is933 words
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MONEY AND EXCHANGES
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Article523 1978-01-05 4 THE US dollar slumped on the local foreign exchange market yesterday against the world's major currencies. Opening against the yen at the 237.60/80 level, the dollar was quickly traded down to 237.00/20 at around noon-time. But when London came in early afternoon, the American currency registered a further523 words
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Article138 1978-01-05 4 Asian rates ASIAN currency deposit interbank rate* u at claw on /an 4: LIS Doll 7 days 1 mtti 2 mth* J mthi mUu tilths 12 mth* Offcr 7 1/4 4 13/It 11/$ ..11/4 ?W 711/14 TV4 h Pn. Bid y 411/14 1 7 1/4 7 l/J 7 4/14 7M138 words
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Article44 1978-01-05 4 RANGE of price* offered by discount houia an Jan 4: Overnjfht 3WH OU1 deposit 3%% 3-Month Tr«jSry bUta 3-Month Bank bUU 3-Month CD 6-Monlti CD 3 1/4 4 1/9 5 7/Ji 9 7/9 mSmS 3 1/9 4 1/4 S/l« 5 3/4 Source: Co44 words
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Article49 1978-01-05 4 FRANKFURT exchanges opening quotes on Jan 4: US 2.047WW10 (2 0730/90) can i mo/iao Bi*4 on/on DTI 92 30/40 8 rr 107 30/00 Ut 2 379/300 P Ft 44 42/37 N Kr 40 97/41 07 B rr (con) 309/406 B rr (ftn) 4 30/39 Yen 0 0000 I'lM49 words
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Article40 1978-01-05 4 THE Monetary Authority of Singapore nvltes banks and discount houses to tender a total of 8830 million 91-day Treasury bills to be Issued from Jan 9 to Jan 13. Bach tender must not be less than $250,000.40 words
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Article273 1978-01-05 4 STERLING rose about three cents in hectic opening trading while the dollar slumped to new lows against major currencies. Sterling touched U551.9920/40 at one point before falling back to 1.9880/9900 against Its overnight 1.9610/40. The early rush to buy sterling stemmed In part from operators trying to push the273 words
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Article166 1978-01-05 4 THE DOLLAR closed sharply lower, as the Swiss franc and mark reached new highs on Tuesday. Dealers said there was some selling pressure In the morning but trading remained relatively quiet throughout the day. The decline was attributed to the continuing lack of confidence in the currency as166 words
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Article105 1978-01-05 4 THE US dollar for overnight delivery closed at the record low of 237.00 yen, compared with 237.90 at the opening and 240.00 at the close last Friday. The Bank of Japan bought an estimated $200 million, mainly at 237.00 yen. to support the dollar, dealers said. Spot dollar trading105 words
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Article124 1978-01-05 4 THE US dollar yesterday fell to 236.80/90 yen at the close In active trading,, below Tokyo's 237 yen level but slightly above Its day's low here of around 236.50/70. The US dollar also sank to HK54.5960/80 from Tuesday's 4.6150/60 In active trading, dealers said. But they noted that US124 words
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Article57 1978-01-05 4 AUSTRALIA/NZ exchanges on Jan 3: AUSTRALIA: US dollar l 1513/ 1 IMS Sterling 0 5874/ O.MQ7 Ninety-day air mall buying rata* SterlingT«ols US dollar I.ISU Ninety-day forward buying rata*: Sterling «.M3S US dollar 1143S NEW ZEALAND Sterling O USO/ 0 5252 US dollar I.OMI/ l .oni Ninety -a*y airmail57 words
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Article58 1978-01-05 4 ZURICH exchanges clodng quotes on Jan 3: US 1 WOO-#430 Stg 3 7gol-Tg79 can l rm-iaaa D Ml 93 52-M O F1 M 47-72 r rr 41 75-M B ft S.tt-M-1/3 D Kr SS.7S-S3 N Kr 3S .29-37 S Kr 41.M-42.M Lit 0 2241-2947 Am ach 12 W-13.06 POtt58 words
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Page 4 Advertisements
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Advertisement212 1978-01-05 4 GENERAL MANAGER MERCHANT BANK Compensation negotiable Our client, a subsidiary of a substantial Malaysian financial institution, is an expanding, profitable merchant bank based in Kuala Lumpur they provide a full range of merchant banking services. Our client now wishes to appoint a General Manager w ho will report direct to212 words
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Advertisement13 1978-01-05 4 REDIFFI SION h. rw.lll") V > ■J 111 rlillliintll I* .'J luji, Hi I13 words
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TRANSPORT
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Article, Illustration855 1978-01-05 5 Economist THE worst is yet to come for the world's beleaguered shipbuilders. The fat order books built up before 1975 have kept shipyards busy despite the order famine since then. Things have changed now. The world's shipbuilding order book is now at its lowestEconomist; Source: Lloyds Register of Shipping 'Russia not available'; Source: Lloyds of Shipping - 855 words
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Article, Illustration312 1978-01-05 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Basca (HOFM) (0200) 29/30 Cherry VUJa (B, Barge) (alter Ocean Supply sails) Lumut (1700 after Perils) 21 West Nedlloyd Amsterdam (1500) 8/9 Ocean Supply (B. Barge) (after Cherry VUJa sails) 46 Pacific Pride (1800 after Turkmenlya) 38/39 Rab (0000 after Palm Sea Horse)312 words
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481 1978-01-05 5 BRITISH Airways Is still hopeful of resuming its Singapore-London supersonic flights. If Its continuing promotion campaign is anything to go by, it is apparently optimistic of securing Malaysian permission for Concorde overflights. The Joint BA-Singapore Airlines Concorde service was suspended after only three481 words
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Article175 1978-01-05 5 AP THE London Freight Market started the first day of New Year activity on Tuesday with a moderately good volume of miscellaneous inquiry. Large bulk carriers maintained their long-steady payment of U555.25 (5512.60) (Flo) for 75,000tonne mid-January grain shipments from the US Gulf to Holland. Fresh NorthAP - 175 words
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Article304 1978-01-05 5 NEDLLOYD Lines Is a member of the Nedlloyd Group, one of the largest transport concerns In Europe, whose activities Include liner and tramp shipping, stevedoring, shlpbroklng, freight forwarding, road transport and specialised services such as offshore oil drilling. Nedlloyd Lines, which operates shipping services to countries all over304 words
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Article226 1978-01-05 5 Reuter TAIWAN'S Premier Chiang Chlng-kuo ordered a meeting of top economic ftnd communications officials on Jan 10 to solve ft number of shipping disputes between local exporters and West Aslftn businessmen. Mr. Chiang's order came after ft Member of Parllament called on the government lastReuter - 226 words
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Article714 1978-01-05 5 ARRIVALS 8errice Local Operator Number Time Fnm MAS MH082 OtlO KCH SIA SQ101 0615 KUL MAS MH621 0835 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL OIA OA 980 1030 HLP CPA CX710 1035 HLP SIA SQ200 1045 HLP SIA SQ103 1045 KUL OIA OA944 1055714 words
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Page 5 Advertisements
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Advertisement136 1978-01-05 5 Don't let the language barrier stop you from wider or '.(v contacts W4 w, m I p. x V* e k hr-; ¥*V RVJW'.»£ 8 p.N nN r* c\ S^ X r*o 1^ O i*l J rf 5* v YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while136 words
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Article544 1978-01-05 6 not CONTINUOUS downsllde of the US dollar raises many issues from humdrum ones like getting the best bargains to questions of foreign policy suid economic theory. Generally, the weakness of the dollsu 1 means different things to different people. For Singapore, in terms, the544 words
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Article158 1978-01-05 6 THE SWISBASEAN Trade and Technology Fair is, as Its name denotes, aimed at further increasing links between the land-locked European country and the embryonic far-flung grouping of South-East Asian states. Yet the most apparent similarity Is between Switzerland and Singapore In all but geographical and158 words
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Article, Illustration2178 1978-01-05 6 JAMES NELSON - SINGAPORE contractor! aeon to have gone cold on the building industry in Weet Aeia. While many of them waited in vain for Government eeeietenoe with marketing surveys, bemoaned the lack of adequate financing by local banks and hoped, in vain, so fir, for tax2,178 words
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Page 6 Advertisements
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Advertisement539 1978-01-05 6 r j i i I -V. sinoapura FORUM gj HOTEL MS Orchard Road, S'pore Tel: *****2 1 PMkßtf 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 Bar Dally (except539 words
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Advertisement161 1978-01-05 6 m 9NGAPORE f-UDN Ml Orchard Road, S'porc t. Tel: *****3 Top of the Hilton 23rd Floor It's Carnival time with Mulato Brazil a fantastic ten-member dance revue from Brazil. Irresistible rhythms of the Samba and lovely dancing girls wearing colourful carnival costumes from Rio make It an easy-easy-on-the-eye show. From161 words
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Page 6 Miscellaneous
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Miscellaneous64 1978-01-05 6 PWEATHER WEATHER outlook for Singapore from 6 a.m. to noon today: No rain. Btyort for 24 hovn prior to 7.30 pm on Jan 4 at the airport. Maximum Tempera ton 30.5 J C Anoditwl Humidity 65 Minimum Temper*tare 23.2° C Aeeodated Humidity 92 Hoare of Bunahine 9.10 Rainfall in Millimetres64 words
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Miscellaneous283 1978-01-05 6 TV RADIO ==a SINGAPORE 5 3.00 PM Opening announcements followed by The Beverly Hillbillies Our Hero The Banker (Repeat) 3.30 Diary Of Events (Chinese) 3.35 Eight Heroes Of Shou Lin with English subtitles A Mandarin drama serial (Repeat) 4.20 Intermission 6.00 Opening announcements followed by Lassie Return Of The Charm283 words
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Article, Illustration885 1978-01-05 7 PETER CHIA - •r PETER CHIA LAMIPAK INDUSTRIES of Singapore's ten-man, allSingaporean research team has come up with a "world first," a multiple-layered polyethylene sheet comprising several different types of plastic compacted into one, which will be marketed some time this year. The new plastic, which885 words
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704 1978-01-05 7 UPI PARIS: Wed. The world's wage earners and salaried employees form a regimented army trapped by strict schedules. They gulp morning coffee, fling themselves Into the rush hour masses surging Into offices and factories, plough through work and I then join the homewardboundUPI - 704 words
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Article, Illustration692 1978-01-05 7 RED FACES all round when one big chief in a locallybased advertising firm commented loudly at a Singapore cocktal) party that one of his major accounts. a leading Japanese department store, was of small account to him, since his agency was only arranging placement of its692 words
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980 1978-01-05 7 DR REX TON - MANAGEMENT FORUM •y DR REX TON GROUPB CONBIST of two 1 or more people who develop i common values and norms which regulate their k behaviour. When a group increases in slse, its potentlal complexity rises. If we assume that two people have two980 words
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Page 7 Advertisements
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Advertisement416 1978-01-05 7 I v~. we -c rib Hotel Royal H RAMADA" Newton Road, S'pore 11. Til: *****1 We've got it all together Golden Mikado Cantonese Cuisine prepared with Just the right touch by our Master Chef AND our speciality Fishheads. Ramada L—go A drink In hand, soothing music for the ears and416 words
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Advertisement12 1978-01-05 7 HenkeUTrocken The awarchvinnlng sparkling wine from Germany. Amotha qaalty prodwa fraa I12 words
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Page 7 Miscellaneous
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Miscellaneous33 1978-01-05 7 Bristow: Tiaxk Di ckenS so of tuc fypwG toot R Bebjty corresr —so ujnqrf? U <t u*-w. me BRisioui—Do Sou «EfMA.V THIKiyC so? PTRWE: NOUR JOST RS "Vte &OENI S€P» (JMST Cones «C3LUMG33 words
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INTERNATIONAL STOCK MARKETS
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Article351 1978-01-05 8 HONOKONO: The market's decline an Tuesday and Monday morning vu cheeked in afternoon trading, dealers said. After an active morning In which the Hang Seng Index fell 5.06 points to ftt.M, it levelled off at 388.28 in the afternoon at the lowest close far over two years. Dealers said351 words
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Article460 1978-01-05 8 TOKYO: The Initial session of the year closed slightly higher in mixed trading yesterday, dealers said. The Dow Jones average rose 2.31 to close In half-day trading at 4.807.91 with volume of 170 million shares. The New Index closed at 364.04. down 0.04. Blg-capltal and low-price shares rallied, while460 words
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Article313 1978-01-05 8 SYDNEY: Oolds and energy stocks advanced in an otherwise weaker market yesterday reflecting profit-taking and a setback on Wall Street, dealers said. Central Norseman rose 10 cents to A 87.40 on the higher bullion price after earlier touching 7.50. Aapol ex added two cents to 81.30. BHP dropped eight313 words
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Article132 1978-01-05 8 MANILA: The stock market closed mixed yesterday with mining and commercial sectors gaining slightly while oils declined, dealers said. Turnover fell to 3.73 million pesos from Tuesday's 4.85 million. JAN M Peso* Acoje Mining 01 +0 0004 Alias Con A 15.70 ♦0.1 Atlas Con B 15*0 ♦0.1 Bafulo Gold132 words
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Article130 1978-01-05 8 JAM M Baht a AslaFlbre Bangkok Bank Bangkok Invest Ban(kok-Metro-politan Bank Bertl Jocker CharoongThal Wirt ns wi MS 756 SJ2 31* unch ♦2 oneh '♦4 ♦5 DutftThanl Faber Merlin First Trust Genera Finance Indo-Thal Industrial Finance Corp J Aim j Ho 'alaprathan Oement Kamasuta LeeK wantMln Metal Bom Hew130 words
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Article259 1978-01-05 8 AMSTERDAM: Share prices closed lower on Tuesday, hit by the weaker dollar, dealers said. Royal Dutch led declines in Dutch internationals, while Hoogovens rose and Akso closed unchanged. In the rest of the market KLM and Ennia rose. Btate loans edged higher. JAN Fls Ahold 100.00 -4.1 Akio 2410259 words
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Article164 1978-01-05 8 i BRUSSELS: Belgian share prices were mixed In quiet trading on Tuesday, bourse sources said. Beservs, Co heps, VlsiUs Mmtagae, Haiaaat-Sea*ss, St Back. Pu>outr«ner and TakeesOaa rose while Lambert, SaAaa, EWctrobel, AjturMDM, CseksrilL UCB and CoMtrs fell. In. foreign, stocks, UK were lower, Germans and Dutch were mixed. US164 words
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Article347 1978-01-05 8 FRANKFURT: Tile stock market closed mixed on Tuesday after a confused and uncertain day's trading, dealers said 1 Dmdner Bank lost one mark In active trading following 1 rumours of possible losses on Its foreign exchange, money and precious metal operations, which were later denied by the company. Other347 words
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Article133 1978-01-05 8 MILAN: Stocks were mixed In thin trading on Tuesday. with some runs marking a selective return In buying Interest, bourse sources said. Banks led financial* higher, with Asaicuraaiaai ganaraU. IFI, Moatediaoa and Plat also galnfloth Pirellla firmed and Olivetti privileged also gained. Olivetti ordinary, Saia Viaeoaa, Stat and Maadadarl133 words
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Article1134 1978-01-05 8 NEW YORK. Dollar vMknets abroad and inflation fears at home drove stock prices sharply lower on Tuesday as the Dow Jones Industrial average tumbled 13.43 points to 817.74 In moderate trading In London, the price of gold, underpinned by the U8 currency's slide, soared to U*****.29 a two-and-one-half1,134 words
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Article1162 1978-01-05 8 January 3 TRADING on the Chicago Board Options Exchange came to 110,648 contracts compared with 100,300 contracts on Friday. CM Alam Afcew. mow <a m m J4» 4#L A.Y OTOCZ f. »u* uirnu mm 'i? ,Vf mm M Mft «M *S7»knTm AaTM m M f* WW 0WTKD1,162 words
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Article284 1978-01-05 8 PARIS: The Mock market lost ground in thin trading on Tuesday, hurt by the continuing turbulence on the foreign exchange market. W Ba«Usr and Fersde were conspicuously easier among major stocks, with no significant gainers In any sector. US stocks eased, foreign oils were mixed. In Germans Bayer and284 words
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Article271 1978-01-05 8 ZURICH: Btock prices closed mixed on Tuesday in moderately active trading dealers said Export-oriented industrials depressed by the renewed dollar weakness Included Brawa Bavari. Ciha-Gaigy. NaaUa and Aluauiaaa. However. Swlaaaira bearer rose among transports. Leading banks were mixed while In flnanclals Laa4ia registered and participation certificate* firmed and Oar271 words
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Article398 1978-01-05 8 JOHANNESBURG: Gold shares generally closed on Tuesday, firmer reflecting higher bullion advices, dealers said. Trading was moderate and gains ranged from rive to 125 cents. Financial minings were unchanged to higher In Une with producers. Elsewhere, De Beers was nine cents up at 5#7. Other metals and minerals were398 words
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Article338 1978-01-05 8 TORONTO: The market decline deepened in active trading In the final hours of the session on Tueedaj. Ad sectors but golds postedlosses. The composite Index fell almost IS points and losers out- i paced winners 288 to IM. Reflecting the rise in bullion i prices, the gokl sector index338 words
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Article57 1978-01-05 8 FINANCIAL TIMES INDUSTRIALS Tuesday 489.8 Monday closed Week Aco closed DOW JONES AVERAGE INDUSTRIALS Tuesday 817.74 Monday dosed Week A«o 829.70 LONDON DOLLAR PREMIUM Tuesday 71* to 72 Monday closed H.R. HANG SENG Tuesday 383.74 Monday closed Week Afo closed SYDNEY INDUSTRIALS Tuesday 418.19 Monday closed Week Ago closed57 words
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Article126 1978-01-05 8 Reuter FRANKFURT: Turnover of shares and fixed Interest securities on the Frankfurt stock exchange last year rose to a record 34.9 billion marks against 29.4 billion in 1976 and the previous record of 30.1 billion in 1975, the Frankfurt bourse said. Bhare turnover rose 8.4Reuter - 126 words
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Page 8 Advertisements
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Advertisement496 1978-01-05 8 m THE DEBT m TRAP Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. J 5 This book is about 1 the efforts of poor nations to J gain some control over their own496 words
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Page 9 Advertisements
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Advertisement509 1978-01-05 9 Now with new, broader coverage, more executives are going to be reading Business Timeswith more interest. attitude. With new strengths greater depth, greater judgement and more exhaustive fact finding. With new, broader coverage on a wider range of subjects relevant to all levels of management. In short, a business paper509 words
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Article2300 1978-01-05 10 1*78 Hi«k Low C*mpmmy Last Sate Gr'» Dt» e'-rr Ofs V Nat P/K V«l C960) Day High Law 1S4 204 119 248 88* 206 160 261 422 146 171 246 •835 139 384 236 106 406 304 142 900 144 480 192 310 78 125 173 1712,300 words
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Article580 1978-01-05 10 SHARE prices moved generally lower on the Kuala Lumpur Stock Exchange yesterday as speculators kept a low profile. Business was selective and trading generally dull and listless. Bome traces of bargain hunting were noted here and there, accounting for the numerous solitary deals across-the-board. The580 words
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Article, Illustration493 1978-01-05 10 PRICKB gaaai all/ laW lower is light tradiageathe Stock of pere jfMtoriiy. thi oughiml the dbnidS major, Iht ruftWif o» to Ob klam, Imin lad niM few toNlMlhllßduatrial board. Proflt-taklag la aeme etuiteri which were rßimUd to he awboutkt •a the laat tradiag day of 1*77 pored493 words
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Article1344 1978-01-05 10 BID aad oChr price* a»diafer lUted and buaiaess la aad reported to the Stock Eichup of Siafapore yeoterday with the number of sharss traded shewn ia brackets la lots of I.OM aal(> "■less otherwise specified. All time Settlement Contracts are Cod after the werid "Sett". Board deals1,344 words
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Article1282 1978-01-05 10 BID aiad otter prteee Wltetoliy iiiM a ad bnaiaeaa is aad reported to tfca Kuala Lumpur Stack KirWut jut— day wttk the number of aharea Iniil •bowa ia brtckMi In IoU af I.SSS uaita ualaaa ilba apaciflad. INDUSTRIALS Aama (1.578) (1) 1.88. Ajinemete (2 1(B) <•) *.10.1,282 words
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Article115 1978-01-05 10 STRIKING pricea of the atock optiona officially liatod oa tke Stack Exchange of Singapore, the perioda, hid aad offer pricea sand businees done yeotor day, with the a umber of optioaa traded ahowa in bracheta. C Storage (March *170) (O.MB 0.38 a). (June 81.70) (0.348 0.428). C and115 words
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Article139 1978-01-05 10 SINCAFOtt UNIT TBUST INCOME BOND UNIT (Maaagan' prv* tm Jaa 1) tees) The Commerce.... 1.71 i.n INCOME BOND i n 1.10 The Saving runfl 1.01 l.M S'pore Prof Fund 8pore Security Fund 0.83 on MARA BUMXPVT1A FUND l.« 1.71 (Maaagar* frimm FimBumiputra tm Jaa t.S 2» S'pore Invest139 words
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Article102 1978-01-05 10 4 3/4* I/S/7V (250.000) (100.SOB 100 006) ft 1/4* I ft/16/79 (250.000) (101.008 101.158) (S) 100.02 5 V 4* 1/1/7S-M (250.000) (101.00B) 4 2/4* li/t/M (250.000) (99.358 99.508) a/4* I/12/M (250.000) (103.6Q8) (4) 101.50 T P 1 ft/4/81 (250,000) (101.SOB) (4) 101.50 T F 1 ft/10/81 (250.000) (101.47B)102 words
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Page 10 Advertisements
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Advertisement23 1978-01-05 10 The Love of ooking H v ■>-jsZ*rj- e a 2 s CO "n 2E5 •M) X v* ct CI •J Kenneth to miMcm.23 words
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COMPANY NEWS
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Article327 1978-01-05 11 SOUTHERN Malayan Tin ■redglng has recommended a special dividend of cents gross (97 cents net) subject to approval at an extraordinary general meeting whose date has not yet been announced. The payment of a special dividend was part of the terms of the scheme of reconstruction by327 words
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Article370 1978-01-05 11 Current Bx Date Tttalfcr Total far Date payable thejraar previous year Petallng Tin 82.5HI(n) DecB Jan 5 80* U.M T. Harbour 25*1 Nov 29 Jan6 37 H* 11* Selangor Dredging 40*1 DecS Jane 40* 3T**(a) Bo us lead 7W*I Dec 13 Jane 7**I 20*(a) Kuala Kampar Tin Fields370 words
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Article, Illustration123 1978-01-05 11 Boustead Singapore Ltd, the public listed company of the Boustead group of companies based in Singapore, has announced the appointment of Mr Khoo Boon Ho and Mr Oa| Ie Mia to the main board. They will continue as joint managing directors of the group's major trading subsidiary,123 words
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1140 1978-01-05 11 ARTHUR NG - By ARTHUR NG KAMUNTING Tin Dredging's commendable performance for the year ended March 31, 1977 its last year of operations as a British domiciled company has been more than negated by a disproportionate high UK corporation tax. Pre-tax profit increased by more than two-fold1,140 words
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LATEST RESULTS
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Article42 1978-01-05 11 Group pre- tax profit M 53.58 million ($293,516) for the year ended July 31, 1977. Tax $571,139 ($180,461), minorities $142,470 ($92,067) leaving attributable earnings at $2.86 million ($205,112). First and final dividend 20 per cent (8.3 per cent).42 words
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INTERNATIONAL
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Article371 1978-01-05 11 NORTH AMERICAN COMPANIES AMERICAN Motors Corp said It has passed through a difficult period and Is on the way to improved results. AMC said in a letter to shareholders contained In the annual report It Is "determined to regain a profitable share of the passenger371 words
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Article, Illustration105 1978-01-05 11 Reuter RESORTS International said it is taking over a second casino In the Bahamas. making it the sole operator of gambling outlets In the islands. The company said it had completed arrangements for a 10-year extension of Its rights to operate the Paradise Island Casino,Reuter - 105 words
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Article16 1978-01-05 11 TALCOTT National Corp said Its James Talcott unit completed a refinancing programme on Dec 30«16 words
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Article284 1978-01-05 11 EUROPEAN COMPANIES Reuter TURIN: Flat closed 1977 In healthy financial shape, with liquid assets and shortterm and lntra-group credits exceeding medium and long-term debts by 133 billion lire, managing director Cesare Romltl said. This compared with net debit positions at the end of 1976 toReuter - 284 words
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Article61 1978-01-05 11 Reuter NORANDA Mines of Toronto reported a restructuring of Its wholly-owned aluminium operations in the US. Norandex Clevelandbased producer and distributor of residential building- products, will become a subsidiary of Noranda Aluminum In New Madrid, a producer of primary aluminum and electrical conductor products. Noranda mines said aReuter - 61 words
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Article47 1978-01-05 11 Reuter STANDARD Oil Co (Ohio) said San Francisco and Anchorage personnel of BP Alaska have become employees of Sohlo's wholly-owned Sohlo Natural Resources Co. BP Alaska is a subsidiary of British Petroleum Co engaged in oil and gas emploratlon and production in the US. Keuter.Reuter - 47 words
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86 1978-01-05 11 LONDON: Ranks Hovls McDougall's first half profits will be lower than the £20.88 million pre-tax profit for the same period last year mainly because of bakery division losses, chairman Joseph Rank said. For the year as a whole present expectations are for overall86 words
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Article40 1978-01-05 11 PARIS: Union representatives from Michelin plants at Clermont Ferrand have.decided to call a strike for this Saturday, union sources said. The sources said the representatives are still meeting and will discuss the possibility of a brief stoppage on Wednesday.40 words
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Article121 1978-01-05 11 CHESSIE System, one of the largest privately owned railroads In the US, has reported a 7.3 per cent increase In fourth quarter profits, but said Its profits for the year were off 15 per cent from a year ago. Chessle said It earned U5539.5 million or $2.03121 words
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Article277 1978-01-05 11 Reuter SCHRODERS group said It completed the first stage of a US$44 million capital expansion programme designed to double the capital base of the US banking subsidiary, J. Henry Schroder Banking Corp and Schroder Trust Co which have been merged to form J. Henry Schroder BankReuter - 277 words
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Article167 1978-01-05 11 Reuter FRANKFURT: Dresdner Bank said it is absolutely wrong to suggest that It has suffered losses from its money, foreign exchange and precious metaTs business. The bank said it issued this denial following reporters' inquiries about loss rumours circulating on the bourse and currency markets. DresdnerReuter - 167 words
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Article89 1978-01-05 11 Reuter MILAN: Ante, the chemicals subsidiary of the state oil group ENI, said it is calling a shareholders' meeting next month to discuss how to deal with losses exceeding one third of its capital. As of end-September, accrued losses totalled 99 billion Ure against capital of 188.8 biiuonReuter - 89 words
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Advertisement233 1978-01-05 11 vV» E tea w V 9ri 9 k. M\ m\" m s§ ■■S3 Hift ■H wm mfpM gK&KfSB WMm w V'A <sP* k t M MP i r* -A," ce' i. lm IOP^ I —i I*l .V* <s*^ V Jir %t\ A rL c jd 6 >► A well-read person233 words
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Article, Illustration352 1978-01-05 12 RONNIE LIM - ■y RONNIE LIM THE AVAILABILITY Of ready-built factories, which cuts down the time to start up production, has given Singapore an edge over other countries in attracting investors. So far, Jurong Town Corporation, one of the Republic's top providers of industrial premises, has alone completed 400352 words
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516 1978-01-05 12 Reuter INDONESIA'S 1978-79 draft budget which President Suharto will present to Parliament today is expected to emphasise the need for investment, especially In agriculture. The budget covers the period from April 1 this year to end-March 1979 and is the last under Indonesia's currentReuter - 516 words
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Article300 1978-01-05 12 Reuter PURCHASERS of Venetian oil have been notified that the price will remain unchanged during the first quarter of this year. This was reported by the El Naclonal newspaper in Caracas on Tuesday. Venezuelan oil clients Include several major Interactional firms such as Exxon, Gulf, ShellReuter - 300 words
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251 1978-01-05 12 Reuter THE biggest ship-to-ship oil- transfer ever attempted was due to begin at Port Elizabeth. South Africa, yesterday from one of two giant tankers damaged in a collision off the South African coast last month. Some 250,000 tonnes of crude oil willReuter - 251 words
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Article75 1978-01-05 12 Reuter THE Straits Tin price in Penang yesterday rose Ms3s per plcul to $1,715, $215 above the international tin agreement ceiling. Dealers said despite London's overnight easiness, the market recovered sharply in reaction to the past week's continuous decline with strong renewed buying interest atReuter - 75 words
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Article72 1978-01-05 12 AP INDONESIAN exports from January to September last year amounted to US$B.2 billion (S2O billion), up 31.1 per cent compared with similar period of the previous year, the National Statistic Office said yesterday. A .spokesman said petroieum export value jumped 25.3 per cent, while all other commoditiesAP - 72 words
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409 1978-01-05 12 SOH TIANG KENG - LEAD-MANAGED BY CHASE ■r SOH TIANG KENG MALAYSIA will raise Its blggest-ever loan US$4OO million in the Euro-dollar jnarket at the lowest-ever Interest rate, reflecting the country's high credit standing. Singapore banks and financial Institutions will Ukely take part in this consortium loan. Chase409 words
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634 1978-01-05 12 UPI Reuter PRESIDENT Carter's special trade representative, Robert Strauss, Is going to Tokyo on Jan 11-13 to seal a temporary truce In the J[apanele-Amerlcan trade war. The White House announcement of Mr. Strauss' visit was taken by Japanese Foreign Ministry officials as aUPI; Reuter - 634 words
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Article559 1978-01-05 12 LONDON, Wed. Gold share* made further substantia) gains in active trading a* the bullion price reached a two-year high, while other shares closed mixed. At 3 p.m. the Financial Time* index was up 1.8 at 487.4. Long-dated government bonds erased earlier gains on profit-taking and showed falls ranging559 words
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391 1978-01-05 12 RAHIM KASSIM - ■y RAHIM KASSIM AIR travellers can look forward to improved services this year In the face of Increasing competition in the airline Industry. This was the Indication given by Mr. Knut Hammarskjold, director general of the International Air Transport Association (lATA) in an end-of-year391 words
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Article223 1978-01-05 12 AFP THE magnitude of the task facing the International Sugar Council in supporting the low world sugar prices under its new International sugar agreement, which came into force at the beginning of this month, Is clearly illustrated by the latest trade estimates of production. TheyAFP - 223 words
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Advertisement44 1978-01-05 12 TODAY Lunch at OKOH OF GINZA Raffles Quay'■ >1 s Fantastic Teppa.n Yaki Steaks! Ore and only Robata Vaki oucvr in to.%rv Come Ge* if i i 3 > o (<©») OKOH OF GINZA Japanese Res?au r an! (Jj. s o>r.ent Hong Leong Bidg RafHes Q-jay44 words
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Advertisement167 1978-01-05 12 V MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE m zX' s MM RESEARCH BRUETIN This unique publication offer* businessmen each month a comprehensive guide to the latest developments thot hove token ploce in oil important sectors of the economies of countries in Eost and Southeast Asia.167 words
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