The Business Times, 4 November 1977
1977-11-04
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The Business Times
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Title Section10 1977-11-04 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, NOVEMBER 4, 1977 50 CENTS10 words
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NEWS IS BRIEF
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Article51 1977-11-04 1 UPI LONDON, Thurs. Oold rose strongly In London and Zurich today in the wake of the latest International Monetary Fund sale of the metal in Washington. In early dealings the price touched U*****.50 (*****) an ounce, up $2 on the overnight level. Dealers reported a good, two-dayUPI - 51 words
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Article62 1977-11-04 1 Apel: undervalued AP BONN, Thurs. Finance Minister Hans Apel said today the US dollar, which has sunk to record lows in international monetary trading, Is undervalued. Mr. Apel said he did not expect further major declines in the American currency, which hit a record low against the West German markAP - 62 words
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Article47 1977-11-04 1 Reuter LONDON, Thurs. C. Itoh will launch a 15 million Asian dollar bond tomorrow with Daiwa Securities as manager, a spokesman for Daiwa Europe said. The seven-year bond is expected to carry a coupon rate of around 8 per cent he added. Reuter.Reuter - 47 words
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Article62 1977-11-04 1 UPI MANILA, Thurs. The Philippine Government today ordered the Immediate release of crop loan requirements of the sugar Industry to enable the country to fill its quota under the sugar conference agreement in Geneva. The agreement allocated an export quota of 1.4 million tonnes a year toUPI - 62 words
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Article61 1977-11-04 1 Reuter MANILA, Thurs. Energy Secretary Geronimo Velasco said today that the Philippines' dependency on fuel oil would be drastically cut from the present 95 per cent to only 50 per cent by trie yc&r 2000. The government is switching from its present oil-fired power plants toReuter - 61 words
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Article37 1977-11-04 1 Reuter JAKARTA, Thurs. Indonesia is striving hard to find immediate buyers for Its surplus of liquefied natural gas (LNG). Now more than 220 million cubic metres, state-owned oil company Pertamina sources said today. Reuter.Reuter - 37 words
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Article74 1977-11-04 1 UPI NEW YORK, Thurs. Stocks headed lower early today in reaction to the government's report of a 0.8 per cent rise in the September wholesale price index. Trading was moderate. The Dow Jones Industrial average, which fell 6.06 points to a two-year low yesterday, was off 2.77 pointsUPI - 74 words
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Chief Price Changes
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Article, Illustration190 1977-11-04 1 SHARES firmed in very active trading on the Stock Exchange of Singapore yesterday with the resultant gains taking most of the market indicators significantly higher. The Business Times index, which monitors the movement of the day's 10 most active shares weighted according to market capitalisation, jumped 11190 words
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Article122 1977-11-04 1 Rites Most active Castlefleld 6.80 .80 General Ceramics 403 000 291 000 Central Sugars 181,000 Sentosa Plywood 100,000 MBS 2 00 .20 Klu&ng 1.86 .19 Rlverview 2.58 .18 Kamuntlng 2.70 .15 Petaltng 8 45 .15 Total Turnover: 2.69 M A Hltam 1.70 .10 Total Value: $5.21 M122 words
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Article754 1977-11-04 1 TERESA LIM - STRONG BALANCE OF PAYMENTS By TERESA LIM THE MALAYSIAN ringgit was again traded at a premium against the Singapore dollar yesterday, for the second day tn succession. It was finally quoted virtually at par against the Singapore dollar. But on cross-rates It maintained a premium754 words
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184 1977-11-04 1 UPI WASHINGTON, Thurs. Wholesale prices in the United States rose 0.8 per cent in October the biggest increase in six months reflecting dramatically higher prices for farm goods and 1978 model cars, the Labour Departrrifent reported today. The increase, which translates into a 9.6UPI - 184 words
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Article, Illustration1038 1977-11-04 1 SOH TIANG KENG - ®y SOH TIANG KENG SINGAPORE has passed the acid test of a financial centre with flying colours. The nation's financial system has emerged relatively unscathed from the crippling blows of the worst world recession sfnce the Great Depression in 1929. Mr. Hsuan Owyang, director1,038 words
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363 1977-11-04 1 A SEVEN-MAN Vietnamese government economic trade mission, led by Mr. Nguyen Chanh, Hanoi's vice-foreign trade minister, is expected to visit Singapore around Nov 15. This was confirmed yesterday by a member of the Vietnamese trade office here. The mission, which left Hanoi on Wednesday on363 words
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354 1977-11-04 1 AFTER languishing in the doldrums for the past two months, the Singapore stock market sprang to life yesterday and chalked up one of its best gains this year. This lifted the Business Times index by 11.72 points to 434.00, which is354 words
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485 1977-11-04 1 RONNIE LIM - BY RONNIE LIM SINGAPORE Is Intensifying Its efforts to get more Italian Investments In the wake of the Increasing interest shown by industrialists from that country in setting up shop here. As part of this move, the Economic Development Board has sent Its485 words
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Article136 1977-11-04 1 TOTAL tonnage of ship* registered in Singapore has reached the seven million mark. This mark was reached when the "Taprobane Goodrich", a cargo vessel of 8, 393 gross registered tons (grt) and "Neptune Leo," a tanker of 51,502 grt, were recorded on the Registry of Singapore Ships136 words
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Page 1 Advertisements
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Advertisement50 1977-11-04 1 SAFE WITH AN ITOKI SAFE business mama systems is) rri ito «7. Podium Mock GoW»« Mn>tonMo«d. S>ng«por* 11 T#l WW** CtfM* BUSNESTEMS S<noapor« SEE BACK PAGE News/Crosswords Local ft lul l Co. News Local Stocks Overseas Stocks Commodities Transport ft Communications Features local ft Overseas News Local ft Overseas News50 words
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Advertisement158 1977-11-04 1 Wfehavea history of making our depositors' savingsgrow The history of Lombard North Central goes back more than 100 years. So it's really no surprise that our steady growth has made us an important name in British banking and finance. Individuals and institutions the world over make their money grow by158 words
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Advertisement189 1977-11-04 1 The Corporate Dollar Capital Idle Working Capital Overheads Taxes Reinvestment Cash ■m r K bFH«MEN k v.-. o i 4 j I Put your idle cash to work with American Express International Banking Corporation Whether you do business in one currency or a dozen, at a single location or around189 words
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OVERSEAS
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593 1977-11-04 2 AFP LONDON, Thurs. World wheat consumption Is expected to exceed production in the 1977/78 season for the first time In five years, necessitating sharply-increased Imports or a reduction In stocks in "many countries", the International Wheat Council (IWC) forecasts In its survey. But mostAFP - 593 words
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Article181 1977-11-04 2 AFP PARIS, Thurs. Saudi Arabia has agreed to lend Portugal some US$25 million (Ss6o million) on a long-term basis, a reliable Arab source disclosed yesterday. The loan agreement followed a meeting here on Tuesday between Portuguese Prime Minister Mario Soares and Saudi Foreign Minister Prince SaudAFP - 181 words
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245 1977-11-04 2 Reuter LONDON, Thurt. Differences of opinion emerged yesterday on the structure of a new Internationa) wheat agreement at the opening of a London conference of wheat exporters and Importers, delegate sources said. The 10-day meeting, of an International Whea» Council (IWC) preparatory group, IsReuter - 245 words
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Article49 1977-11-04 2 Reuter MICHIGAN, Thurs. Ford Motor said It was recalling about 1,900 1978 model Econollne vans and club wagons for inspection of a steering mechanism. On some of the vehicles the steering tie-rod adJusting sleeve clamps could fracture, resulting In separation of the sleeve. Ford said. Reuter.Reuter - 49 words
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409 1977-11-04 2 Agencies WASHINGTON, Thurs. It seems the USSR will buy the 15 million tonnes of grain offered by the US in the year October 1977 to September next year, Agriculture Secretary Bob Bergland raid. He was referring to the announcement by Soviet leaderAgencies - 409 words
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Article437 1977-11-04 2 ROME, Thurs. The United Nations top food official today called freedom from hunger "the most basic human right of all," but chlded Third World governments for not doing more to feed their own hungry. In that context, tie praised China for its "unparalleled achievement" In437 words
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340 1977-11-04 2 Reuter LONDON, Thurs. Strikers In a pay row which resulted In 35,000 workers being laid off are expected to go back to work today after voting to end their unofficial action. And, In another major Industrial dispute, miners in two of Britain's largest coal-mlnlngReuter - 340 words
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Article151 1977-11-04 2 Reuter WASHINGTON, Thurs. A Senate-House conference committee reached agreement yesterday on a bill to delay a proposed ban on the use of saccharin for at least 18 months. The bill now must be repassed by both the Senate and House of Representatives, possibly later thisReuter - 151 words
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Article41 1977-11-04 2 Reuter ZURICH. Thurs. The Swiss National Bank and Swiss Banker's Association should complete their review of the agreement on the practice of bank secrecy within the next few weeks, Union Bank of Switzerland general manager Nlklaus Senn said. Reuter.Reuter - 41 words
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374 1977-11-04 2 NEW YORK. Thurs. The US textile Industry, traversing a crisis that some consider to be as grave as that in Western Europe, is the subject of Increasingly strong demands for protection. A new initiative has come from the Amalgamated Clothing Workers (ACW), one374 words
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Article93 1977-11-04 2 AP HONOLULU, Thurs. About 7,000 sugar workers throughout the islands have gone on strike, shutting down Hawaii's third largest Industry.The strike began yesterday when the existing contract expired while representatives of the International Longshoremen's and Warehousemen's Union (ILWU) and the 15 sugar plantations were still meeting.AP - 93 words
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817 1977-11-04 2 NYT WASHINGTON, Thurs. After stalling as long as It could, the Carter Administration has promised It will announce by next Tuesday the long-awaited quotas, or Import taxes, It will impose to boost the price of sugar. This action will soon addNYT - 817 words
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568 1977-11-04 3 AP BONN, Thurs. US Treasury Secretary Michael Blumenthal said yesterday the United States supported a strong dollar but would Intervene in money markets only to "smooth out lrreKular movement." Mr. Blumenthal, winding up a tour of West Asia and Western Europe, said prospects forAP - 568 words
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248 1977-11-04 3 Reuter NEW YORK, Thurs. Council of Economic Advisers chairman Charles Schultze said he will not be surprised if inflation runs at a 6 per cent rate in the next year and it will be difficult to edge the rate down further. The US consumerReuter - 248 words
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264 1977-11-04 3 Reuter WASHINGTON, Thurs. The Federal Reserve Board delayed raising the discount rate for weeks In the summer even after It considered this warranted to avoid giving too strong a hint of tight money policy. Minutes of the board show It eventually raised ItReuter - 264 words
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Article128 1977-11-04 3 Reuter FRANKFURT, Thurs. The general manager of the German Industrial and Trade Association, Mr. Paul Brolcher, said he welcomes the Chinese government's readiness to accept trade credits. This Is an interesting variation of China's basic principle of not accepting credits to revive foreign trade, he said. Mr.Reuter - 128 words
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262 1977-11-04 3 Reuter BRUSSELS Thurs The dollar will stay under rreeeure although further slls are not really necessary, Joint Deutsche Bank managing beard spokesman Wilfried Guth •aid. The comment follows remarks by US Treasury secretary Michael Blumenthal that the US intervenes only to smooth dollar fluctuationsReuter - 262 words
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164 1977-11-04 3 Reuter WASHINGTON, Thurs. US commercial and industrial loans outstanding totalled U*****.43 billion (SS29B billion) in the week ended Oct 26, up $733 million over a week earlier and $8.3 billion ahead of the comparable week a year earlier. The Federal Reserve Board reported that loan salesReuter - 164 words
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Article48 1977-11-04 3 Reuter WASHINGTON. Thurs. The Treasury said the US$l.25 billion (Ss3 billion) of 30-year bonds auctioned had an average effective yield of 7.94 per cent. The Treasury set the coupon rate at 7.875 per cent, making the average price 99.261. Prices ranged from 99.487 to 99.148.Reuter - 48 words
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329 1977-11-04 3 Reuter BONN, Thurs. West Germany, which has announced a 1978 real economic growth target of 4.5 per cent, plans no further measures to stimulate growth for six to eight months. Finance Minister Hans Apel said this at a Joint press conference with US TreasuryReuter - 329 words
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302 1977-11-04 3 Reuter FRANKFURT, Thurs. The Bundesbank's central council at Its meeting today Is unlikely to take any credit policy decisions, money market specialists said. Speculation continues that the bank may cut Its discount and lombard rates to revive capital Investment demand. But measures to cutReuter - 302 words
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308 1977-11-04 3 AP CAIRO. Thurs. Eevot has decided to reduce next year's installment on its civilian debts to the Soviet Union from US$ll9 million (Ss2Bs million) to $17 million, the semi-official newspaper Al Ahram reported today. The report came one week after President Anwar SadatAP - 308 words
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574 1977-11-04 3 TOTALLING USS2OB Reuter LONDON. Thurs. UK official reserves, which rose to an all-time high of U5520.21 billion (5548.5 billion) at the end of last month, the third highest In the world, still barely balance Britain's medium-term Indebtedness. Repayments on official borrowing totalling $20 billionReuter - 574 words
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452 1977-11-04 3 Reuter ZURICH, Thurs. Switzerland's major banks agreed to allow Swiss franc bond issues to be repaid at par only in the last two years of their life. Credit Suisse-Gesells-chaft general manager Niklaus Senn said this will apply in future to bothReuter - 452 words
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144 1977-11-04 3 AFP OTTAWA, Thurs. The Canadian Oovernment proposes to borrow US$9,OOO million (5521,600 million) to plug the nation's growing deficit and halt a decline In the Canadian dollar. Finance Minister Jean Chretien submitted draft legislation to the House of Commons for the purpose. LastAFP - 144 words
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Page 2 Advertisements
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Advertisement354 1977-11-04 2 This announcement appears as a matter of record only. Keppel Shipyard Limited U. 5.515,000,000 8 5 sper cent. Bonds 1984 Daiwa Securities Co. Ltd. The Development Bank of Singapore Limited Citicorp International Group DBS-Daiwa Securities International Limited First Chicago Asia Merchant Bank Limited Jardine Fleming Company Limited Kuhn, Loeb Co.354 words
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Page 2 Miscellaneous
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Miscellaneous316 1977-11-04 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Nov 3 at Singapore airport. Maximum Temperature 31.8° C Associated Humidity 62 Minimum Temperature 23.6° C Associated Humidity 98 Hours of Sunshine 6.35 Rainfall in Millimetres 14.8 Total Rainfall for the Month 43.8 Total Rainy Days for the316 words
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Page 3 Advertisements
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Advertisement202 1977-11-04 3 The Captain requests the pleasure of your company 1 r ,-s 'W. i-,". V .A. v Dry Dock Martini or an effervescent Surf Rider. Since 1819, Singapore has been a port of call for ships of every nation on earth, "free of duties equally and alike to all". Today it202 words
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Page 3 Miscellaneous
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Miscellaneous625 1977-11-04 3 TWO-IN-ONE CROSSWORD 30 131 CRYPTIC PUZZLE ACROSS 1 Vessel on deck? (4) 28 A blow from starboard, cap--4 Do they breed without mul- (5, 4) 9 A biblical Insect (3) 11 Poet's version of meat or fish (5) 12 Be a rotter? (S) 15 Horse-thieves give him a hiding (4)625 words
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COMPANY NEWS
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421 1977-11-04 4 THE LONG-sought Incentives for renewing Investments In tin mining In Malaysia clearly have yet to be realised despite the tax concessions announced recently In the Malaysian budget. According to Mr. Jack Bridewell, the outgoing chairman of Berjuntal Tin Dredging, the budget went some421 words
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Article331 1977-11-04 4 Current Ex Date Total for Tout for payment Date payable the year previous year SBS 12% Oct 13 Nov 4 12% 12% M'an Breweries 16% Oct 17 Nov 5 23% 20%a Eaao Malaysia 5%ITE Oct 7 Nov 8 5% 18%TE Magnum 5% Oct 12 Nov 8 5% 15%331 words
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194 1977-11-04 4 RIVERVIEW Rubber Estates, which declared a one-for-one scrip issue in June last year, Is now presenting shareholders with yet another one-for-one scrip issue for the year ending Dec 31, 1977. The scrip Issue will capitalise M 55.40 million from a total surplus of $7.2 million194 words
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Article107 1977-11-04 4 Pan Malaysia Cement Works: Parent company unaudited pre-tax profit M 51.78 million ($2.19 million) for the first halfyear ended Sept 30, 1977. Company's share of unaudited pre-tax profit In associated companies $5.15 million ($6.49 million). Interim dividend Ttt per cent (10 per cent) pavatfle Dec 13 to shareholders107 words
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Article1381 1977-11-04 4 On Nov 2 TRADING on the Chicago Board Options Exchange came to 110,351 contracts compared with 93,023 on Tuesday. OPTION JAN APL JLY STOCK Alcoa 40 4 1/4 5 5/8 Untrd 43 Alcoa 45 1 1/16 2 1/8 Untrd 43 Alcoa 50 3/18 15/16 Nol 43 Alcoa1,381 words
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320 1977-11-04 4 AS FORESHADOWED by the president, Mr. Akira Murata, in his last annual statement, Murata Manufacturing Company of Japan has turned In generally poor Interim results. For the six months ended Sept. 30, 1977 the parent company reports a 27.8 per cent setback In unaudited320 words
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Article226 1977-11-04 4 DUNLOP Malaysian Industries Justifies its expansion to double production capacity of large earthmover tyres by bagging two orders worth M 5666.000 from Saudi Arabia and Egypt. The Saudi Arabian order, worth $478,000, Is by far the largest secured by the company and makes that country DMl's226 words
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COMPANY MEETINGS
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Article23 1977-11-04 4 THE following company meetings are due: Nov 4 at 11.30 a.m. at the OCBC Centre (19th floor), Chulla Street, Singapore23 words
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Article14 1977-11-04 4 Nov 9 at noon at 50 Jalanl Ampang, Kuala Lumpur. I14 words
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416 1977-11-04 4 EUROPEAN COMPANIES Reuter LONDON, Thurs. The C-formance of UK equities the next six months still fundamentally depends on the Government's exchange rate policy, analysts said. In the first two full trading days since sterling strengthened, the Financial Times 30-share index fell 17.2 points, withReuter - 416 words
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242 1977-11-04 4 Reuter ZURICH, Thurs. Union Bank of Switzerland (Schwelzerlsche Bankgesellschaft) general manager Robert Holzach said the bank's earnings In the first nine months were between five and 10 per cent above the same period of last year. But he told a press conference that given theReuter - 242 words
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Article321 1977-11-04 4 Reuter LUXEMBOURG, Thurs. Pent-up demand for Swiss franc bonds will already ensure the successful placing of issues until at least spring 1978, chief bond dealers here said. Strong foreign demand for Swiss Issues, largely Induced by the Swiss franc's firmness on the foreign exchange market,Reuter - 321 words
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228 1977-11-04 4 Reuter LONDON, Thurs. General Motors' UK subsidiary Vauxhall Motors has asked all its manual workers to report for work today in the hope that a strike by 3,000 electricians and other skilled workers will end, a.company spokesman said. Last Thursday, Vauxhall laid off onReuter - 228 words
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344 1977-11-04 4 Reuter PHELPS Dodge Corp. s&ld a strike, which closed Its Arizona copper mines and El Paso, Texas, refinery from July 1 to Aug 12 plunged the company Into red In the third quarter this year and sharply reduced earnings (or the firstReuter - 344 words
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Article108 1977-11-04 4 Reuter THE Canadian provincial government of Manitoba Is scheduled to issue a yen bond here in January, probably for 15 to 20 billion yen, Informed securities sources said. This will be the second Manitoba Issue here In less than a year, following the 12 billion yen,Reuter - 108 words
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Article187 1977-11-04 4 Reuter COCA-COLA Co said it expects good foreign and domestic volume gains as well as gains In tconsolldated profits to continue through the fourth quarter this year. The company yesterday reported third quarter net earnings of U877 cents a share on sales of $948.9 million comparedReuter - 187 words
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Article107 1977-11-04 4 Reuter NEW YORK, Thurs. Matsushita Electric Industrial Co, in an announcement made here, said the Issue price for Its 50 million new common stock public offering in Japan Is 555 yen per share. It said the clr ig date for the offering, *uich Is being underwritten byReuter - 107 words
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Article107 1977-11-04 4 Reuter SYDNEY, Thurs. CSR said It bought a further 2,200 AAR wares on stock markets yesterday at AS2.SO a share. Yesterday morning It announced It held 9.41 million AAR shares at Nov 1, but In the afternoon, when declaring Its takeover bid for AAR was unconditional,Reuter - 107 words
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174 1977-11-04 4 Reuter LONDON, Thurs. Consolidated Gold Fields said It plans a two-for-nine rights Issue at 155p per share to raise some £40 million The board said the current year has started encouragingly and It expects to recommend dividends totalling 9.0540P for the current year endingReuter - 174 words
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Article138 1977-11-04 4 Reuter LUXEMBOURG, Thurs. The Luxembourg-based Eurobond clearing system Cedel plans to introduce two new facilities early next year which will help it compete with the rival clearing system Euroclear, Informed banking sources said. They said followihg a recent board meeting in New York, Cedel has decidedReuter - 138 words
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Article32 1977-11-04 4 Reuter LONDON, Thursr Barclays Bank International announced it will open a branch In Manila tobranch will offer offshore wholesale, corporate and related services and will deal In foreign exchange. ReuterReuter - 32 words
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Page 4 Advertisements
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Advertisement148 1977-11-04 4 \bull find it at 7-11 November 1977 MMsBM MM Hyatt Convention Centre ■HWMMM Hyatt Hotel Singapore South East Asia's Production Machinery and Engineering Equipment Show What you'll see Where Machine Tools. Machinery and from Equipment for: Metalworking. woodworking, steel Australia. Austria, fabrication, sawmilling. plastics, Denmark. Finland packaging, furniture industry, welding.148 words
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Page 5 Advertisements
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Advertisement145 1977-11-04 5 The heart of Singapore's wiring accessory industry 11. I I fa G3 ED C 3 9k d 81 0 0 This is the new MK Electric Factory in Telok Blangah- your local wiring accessory factory. We are the only manufacturer in Singapore. Producing a whole range of MK electrical wiring145 words
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Article2367 1977-11-04 6 High 1977 Low Cwnnjr Last Sale +«rGr'» Div Div Ctt Gr'a Y'ld Nat P/E Vel (*899) Day High Lm SECTION ONE INDUSTRIALS 154 204 110 238 88* 196* 100 233 414 171 134 186 58 212 57* 155 152 182 350 145 Ac ma Alcom Allied Choc2,367 words
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Article1530 1977-11-04 6 ID aad aflar prim rfUifc IMiaiMMlawdrtefM Dm Stack Trnkimm* afln»eee rwlMfcywittS —hr mt «fcara» traded h k* m huh All Ttaa Mmml CMtmii an «mMI altar Ike ward "Sett." Me BnH deal* (la late at MM aafca) are after Ik* latter 88. INDUSTRIALS AM* (1 358 1306)1,530 words
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Article1730 1977-11-04 6 BID and offer prices officially liatcd and business in and reported to the Kuala Lumpur Stock Emchange yesterday with the aunbor of shares traded shown In brackets ia let* of I,Mt units unless otherwise specified. INDUSTRIALS AJanomots (2 048 2.1061. Alsom (1.6T8 1 721). AMI NoM (0.V781,730 words
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Article40 1977-11-04 6 STRIKING pricea of the stock optiqna officially listed on the Stock Exchance of Singapore, the periods, hid and oner prices and businese done yesterday, with the number of op- tions traded shown In brackets. (< UO B (D. 6.1740 words
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Article145 1977-11-04 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Maaafer*' pria »fcr Nav «> (Curr—1 pi INCOME BOND rices) The Commerce.... 171 1.14 l.Ot 1.14 The Saving Fund 104 1.10 8' pore Prog Fund oat on MARA BUMIPUTRA FUND S pore Security (Msas—. prion First Bumlputra Isr Nav 4) Fund 1145 words
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Article121 1977-11-04 6 Rev Spore D Mark 7% 1982 (100.000) (100*>B 101*8) Rep Spcre C 1/2% 1983 (100.000) (1008 100*8) Rep Spore 7 3/4% 1»»7 •(100.000) (99*8 100*8) 4 3/4% l/ft/79 (250,000) (100 288 100 408) 3/4% 11/8/88 (250.000) (104.758) 4 3/4% 15/9/88 (250.000) (99.358 99.808) 3/4% 1/12/88 (250,000) (104.00B) 5%121 words
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Article169 1977-11-04 6 B O T 8 1/2% IMI (100,000) (99*8 100*8) B O T 7 5/8% 1984 (100,000) (9«*B 97HS) L T C B J 1982 (100.000) (96*8 98HS) Credit Lyoonaii Floods* I*B3 (100.000) (97*8 988) DBS Coaverta 1/2% 1991 (100,000) (98*B 978) D B S 8 1/2% 1982 (100,000)169 words
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Page 6 Advertisements
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Advertisement176 1977-11-04 6 Confront Singapore's decision makers in Business limes For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who176 words
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Article, Illustration627 1977-11-04 7 SHARES Himl 1b *nr mthre trading mm the Stock Exchange sf ghmnw terday with Um reeultaat gaiaa moat of Um market lailcti significaatly higher. la particular, the Basiaess Times iadex, which monitor* the amMat of the day'* It moot active ahareo weighted according to Market capital!Jumped 11.72627 words
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Article408 1977-11-04 7 PRICES advanced further on the Kuala Lumpur Stock Exchange yesterday with sentiment Improving on a combination of speculative covering and fresh buying interest. Although trading was still selective, conditions were clearly more active and buoyant than before. This was reflected In the 54 per cent increase in the408 words
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Article350 1977-11-04 7 HONOKONO: Share prices dosed firmer in active trading with mora buying Interest In the afternoon session, after a quiet and thin opening, dealers aakl. The Hang Seng Index roes 4.01 points to 431.94. The advance continued to be led blue chips and properties, they said. Hongkong Baak rose 20350 words
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Article384 1977-11-04 7 SYDNEY: Stock prices closed weaker, reflecting lower overseas market trends and adverse local company news, dealers said. The Sydney All-Ordinaries Index fell 3.20 points to 447.28. BHP lost four cents to 85.00 after touching 85.58. Banks eased with NBW down six cents to 85.36 and ANZ three cents lower384 words
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Article171 1977-11-04 7 MANILA: The market cloeed mixed with oil averages up while minings and commercials declined, dealers said. Turnover decreased slightly to 0.47 million peeos from Wednesday's 0.03 million. Atlas lost six points while Phllex and ftsarlnduque decreased by two points each and other mining issues declined sbatalji. In oils, Orieatal171 words
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Article127 1977-11-04 7 NOV Bah U Asia Fibre 312 32 Bangkok Bank 438 ♦2 Bangkok Invest 308 48 Bangkok-Metro-politan Bank 3110 +80 Bata 7M unch Berll Jucker 630 10 CharoongThal Wire 361 +30 Dumex Duslt Thanl 344 18 Faber Merlin First Trust 335 +37 Oenera Finance 374 +31 Indo-Thal Industrial Finance Corp127 words
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Article264 1977-11-04 7 AMSTERDAM: The market fell In line with Wall Street In quiet trading, dealers (aid. Royal Dutch rose 0.10 guilders but the remaining Dutch Internationals fell between 0.20 and 0.40 guilders. Else where, shares fell. HVA and Ocsgriat were among a small number of unchanged stocks. Losses of two guilders264 words
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Article148 1977-11-04 7 BRUSSELS: Belgian shares were lower In very quiet trading after a long holiday weekend, market sourcea said. Wagea-Llts, Gevasrt and CBB roee while Tiaaieiirtn, Union Mkalsee, ffilikis, FN, Ceeksril and Aaire Daeial fell. UB, Canadians, Dutch and UK shares fell, Germans were mixed and French unchanged. Gold mines were148 words
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Article299 1977-11-04 7 FRANKFURT: Share prices were mixed with a positive bias. Profittaking in some sections was balanced by renewed buying In others, dealers said. Motors continued higher, with BMW up 0.30 marks, Dataller 5.20 and VW 2 80 Engineerings were mixed, banks and stores barely maintained and key chemicals and electricals299 words
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Article149 1977-11-04 7 MILAN: The market improved after Its recent uncertain sessions and closed general!/ firmer with some buying support at the lower levels, dealers said. Among leading industrials, Flat. Pirelli and Olivetti showed fair gain* Ante, Sala Vlscoaa and Meatedieoa also rose. Financials firmed with General# iauno bill are recovering Its149 words
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Article337 1977-11-04 7 PARIS: The market was sharply decline in Wall Street and latest developm«,t»the foreign exchange market, dealers said. Operators were waiting to hear the outcome of the morn™»«Ungof the InterMinisterial Price Commission but Industrv Minuter Rene Monory said Prime Minister Raymond Barre will not make a statement until the folio337 words
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Article268 1977-11-04 7 ZURICH: The market eased In moderately active trading on continued currency unrest and a generally pessimistic economic outlook following remarks by the Opec secretary general that oil prices should rtse to conserve stocks, dealers said. LEU was a firmer exception among otherwise easier banks. Financials and Insurances generally edged268 words
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Article370 1977-11-04 7 JOHANNESBURG: Gold shares were marginally mixed In quiet trading ahead of the IMF gold auction, dealers said. Financial minings were •UfhUy easier. De Bears eased to 477 (475) from 478 cents earlier. Coppers were unchanged to a fraction lower, while asbestos shares gained marginally. Platinum Issues were at previous370 words
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Article275 1977-11-04 7 TORONTO: Share prices cloaed narrowly mixed In active trading. The market rallied around mld-sesslon after a weaker opening but could not maintain the momentum to pull ahead. The composite Index was up a fraction but declines outpaced advances 212 to 178. Alberta Gas Trvak "A" gained fc to 815275 words
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Article1181 1977-11-04 7 NEW YORK: The stock market took a pounding for the third straight day in active trading, as heavy Institutional selling of glamour Issues sent the Dow Jones Industrial average to a new low for the year. But the Index refused to dip below the 800 mark for the1,181 words
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Article65 1977-11-04 7 financial times INDUSTRIALS Wednesday 486.0 Tuesday 492.1 Week Ago 313.0 DOW JONES AVERAGE industrials Wednesday 800.85 Tuesday 806 91 Week Ago 813.41 LONDON DOLLAR PREMIUM Wednesday t7H to 97% Tuesday 97 to 97* H.K. HANG SENG Wednesday 432.23 Tuesday 422.27 Week Ago 414.18 8YDNEY INDUSTRIALS Wednesday 389.12 Tuesday 38965 words
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Article270 1977-11-04 7 LONDON, Thurs. The greatest danger facing Investors in South African gold shares Is the risk that other countries will succeed in Imposing economic sanctions on her. If they do, says UK analyst James Capel and Co., South Africa will need to conserve foreign exchange and might270 words
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Article56 1977-11-04 7 Reuter NEW YORK, Thurs. Exxon Corp said Its Esso Exploration Surinam Inc affiliate will drill for oil In mid-November off the coast of Surinam, Bouth America. It said the company will be the operator at the A 2-1 exploratory well In association with Elf Petroleum Surinam NV, ShellReuter - 56 words
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Advertisement422 1977-11-04 7 BUSINESS TIMES Airline Directory Aarottot Soviet AWnmi 110-112 Shew Centre, Orchard Im4, (T«l: 377.111) Air Ceylen 302-1, 3rd Rur, Marine House S>wi>mi Way, Singap*r* (1) (Tel: *****90) Air Franc* Ground Floor, ICO Budding, Skttrton Way Singapore 1 (T«l: *****11) 16th Floor, UIC Building, (Tel: 2205.277) Shenten Way, Singapore 1 Air422 words
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COMMODITY REPORTS AND PRICES
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Article431 1977-11-04 8 IN THE Singapore rubber market yesterday, opening prices were marked down 0.50 cent following lower ...r.overseas advices, but later recovered to overnight levels on short-covering. Values later fell back again due to long liquidation and some upcountry selling. Volume was fair. The morning session closed431 words
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Article326 1977-11-04 8 HAS. prices In cents per kilo yesterday: Int. 1 R S S prompt f.o.b. Int 1 R 3 d Nov Int 1R 8.8 Dec Int 2 R.S 8 UK. Cont. Int. 3 R 8.8. UK Cont. Int 4 R 8.8. UK Cont. Int. 5 R.S 3 UK/Cont. Noon326 words
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Article103 1977-11-04 8 NOON SSR and SMR price* yesterday R.A.8. rtmmbmr < Current Mtk) DMMBMT (Forward Mtk) Buyer* Mhn Bgywi Mtart (easts (Ml SSR 20 (1—ton pallet) 201.00 203 00N 202.00 204.OON SSR 50 (1—ton pallet) 198 50 200 50N 199 50 201.SON M.R.E.L.B. SMR SCV (1-ton pallet) 219 00103 words
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Article29 1977-11-04 8 Rubber: Nov J Singapore: NwrMbw IM.2S oaati (down 0.2S (Ml) Makkjraia: Nor ember MM onti a changed) $1,853 (up 111) Official otfming: 147 Mmm (down 28 Ioun).29 words
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Article192 1977-11-04 8 BANGKOK, Thurs. Indicative prices for rice quoted today were: (US dollan per tonne fob bull Bangkok); Wbtm Kin: 100 pet Ift claw 311,100 pet 2nd claw 297,100 pet 3rd claw 291, »1. 10 pet 262, 15 pet 259, 20 pet 256, 29 pet 1«, 35 pet unq. "T*: A->192 words
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Article84 1977-11-04 8 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Nov 3 until further notice: Rabbar: 9SH cents a pound Caara: 1832 a ton Paha Kernel: 1235.00 a ton. Crwde Palm OU: 11.224 7138 a ton Prnceeeed Palm Oil: 11,332 7300 a ton The rate*84 words
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Article438 1977-11-04 8 A GENERAL lack of buying demand from overseas resulted in dull trading on the local produce market yesterday. Trading was marked by withdrawal of West Awn Interest in copra and coconut oil. Only two days Mo. the* traders had indicated willingness to buy 100 tonnes of copra and438 words
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Article233 1977-11-04 8 LONDON, Thurs. Coffee opened £40 to £12 down In relatively light turnover of 227 lots. The official tone was "barely steady". Futures opened as expected following the declines in New York overnight. Traders attributed some selling to the statement by IBC president Camllo Calazans that Brazil might accept lower233 words
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Article65 1977-11-04 8 C.I.F Rotterdam. US dollar* per ton LONDON: ~r«nn*«j Prwvios0 NUlayila s% f f a bulk Dec Sumatra 5* ffa unq 425 tlr Nov Dec unch unch 437.50 pd 427 air Jan Feb March Nigeria 5* ffa bulk Sumatra 433/435 pd 425/439 pd unch unq 419.90 pd 417.50 pd65 words
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Article326 1977-11-04 8 LONDON, Thurs. Terminal cocoa staged an immediate £40 limit advance at the opening basis near Dec bid at £2,480 stg and proceeded to harden further in special call trading. End call gains ranged from £55 to £5 although prices were marginally below best traded levels. Dealers said the advance326 words
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Article236 1977-11-04 8 THE Straits tin price in Penang yesterday rose Mill to $1,853 on an official offering down 28 tonnes to 147 tonnes. A further reduction In supplies of tin concentrates from miners and firmer conditions on the London Metal Exchange boosted the price. In LONDON yesterday, tin standard showed236 words
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Article301 1977-11-04 8 LONDON, Thurs. Terminal sugar lost £1.45 near Mch at £113.45 to £0.30 at the opening call, but staged a modest post call rally on currency covering and general short-covering dealers said. The London daily raws price fell £2 to a new fouryear low of £92 per tonne. SwiffiS! unchan301 words
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Article307 1977-11-04 8 HONGKONG, Thurs. Cotton futures closed easier on trade and commission house stoploss selling, offset by limited brokerage house short-covering, dealers said. The prices ended at the day's lows with losses ranging from US 0.10 to 0.28 cents, they said. March and July were traded at new lows of307 words
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Article129 1977-11-04 8 CHICAGO, Thurs. Soybean futures posted large gains at the close for the third consecutive day yesterday, but were well below the highs at the finish. Prices were up USI2% to 17 cents a bushel at the close after having advanced around 22 cents. Little selling appeared at the outset129 words
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Article146 1977-11-04 8 .CHICAGO, Thurs. Wheat futures closed US 4% to 5* cents a bushel higher yesterday, but several cents below the day's highs. Short-covering and speculative buying spurred by the Soviet announce-' ment of a lower than expected Soviet grain crop and the reduction In the world wheat estimate tar the146 words
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Article384 1977-11-04 8 THE kllobar market in 3112,040 with a small fluctuation of 5530.00 In the London market, the metal opened at US$lO3.lO/30 and closed at USSIO3.OO/103.20. The London morning fix was U*****.20, up US$l.7O from the previous fix. Source: Simrmta. Retail prices per tael quoted by the Singapore Chinese Gold and384 words
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Article123 1977-11-04 8 LONEON, Thurs. Lead was £4.25 up for cash and £4.50 higher for Three Months at the end of mornlng ring dealings. Dealers said values moved higher, reflecting an easing of sterling and the fundamentally sound physical situation with concentrates in rather tight supply. Three Months traded from a pre-market123 words
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Article84 1977-11-04 8 LONDON, Thurs. Zinc, by the end of the morning ring, gained £8.50 for cash and £8 for Three Months. The market continued Wednesday's late rally with Three Months trading from £287 on the premarket up to on the ring before ending the kerb at £288 per tonne. On Wednesday,84 words
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MONEY AND EXCHANGES
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Article515 1977-11-04 8 I THE US dollar remained firm for the second day j running against most of the world's major currencies yesterday on the Singapore foreign exchange market. Opening at DM 2.2420/30 against the Deutschemark, the dollar remained at that level for the whole of the morning's session before dropping to515 words
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Article49 1977-11-04 8 ACBC Firal "J AlfrnwiK Bank T Citibank 7 1 Bangkok Buk HSBC 7 I Bank of America Indotim 7 1 Bank of China Bank of Tokyo 7 Malayan Banking 7 Bank Negara OCBC OUB Chartered Bank L'CB 7 Chaw Manhattan DBS 7 L'MBC COB 7 749 words
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Article147 1977-11-04 8 Asian rates ASIAN currency deposit r*te» u at ctoM on Nov 1 interbank CStMiu Idmn 1 mth 2 mltu iDthl Smths Umthi u/u T 1/4 7J/t 7 M 7 11/U 7 S/4 IMi 7/a 11/U 7 1/1 7 1/4 7 1/1 7 t/14 7 M »w. r»*. (■MO. Dm. iprlaM)147 words
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Article28 1977-11-04 8 RANG* of prtCM of farad houaaa on Hot 1 Ojrnlftrt to i%% OB dapoait IWtoSwi by diacs 25fi? S-Month Jl/lt 1 J Source: National Discount Co Ltd28 words
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Article147 1977-11-04 8 Euro rates LONDON, Thun. Fixed dated Eurodollar deposit rates were adjusted higher at the outset because of the loss of the Friday dealing technicality and have shown little change since, dealers said. The undertone, however, was firm as the doUar continued to hold very steady, they added. Trading interest has147 words
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Article198 1977-11-04 8 NEW YORK, Thurs. The dollar closed mixed against major currencies in moderately active trading yesterday, after losing early gains following Treasury Secretary Michael Blumenthal's comments in Bonn on US intervention policy, dealers said. Mr. Blumenthal said the US authorities intervene In the exchange market only to smooth dollar198 words
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Article215 1977-11-04 8 LONDON, Thurs. Foreign exchange trading got off to a slow start with the dollar tending easier against most leading currencies, dealers said. Sterling fluctuated either side of US$l.B4 In opening trading, gaining up to 50 base points on yesterday's close at times. The risk of a difficult winter of215 words
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Article158 1977-11-04 8 HONOKONO, Thurs. The US dollar firmed against most major currencies here after a weaker opening, dealers said. The US unit rose to 2.2438/48 marks from New York's closing 2.2432, but finished at 247.20/40 yen, little changed from the overnight 247.31 In the US. Short-covering and modest local commercial demand158 words
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Article57 1977-11-04 8 AUSTRALIA/ NZ exchanges quoted on Nov 3 AUSTRALIA. Sterling 0 6186/ 0 6110 US dollar 1.132*/ 1.1250 Ninety-day air mall buying rate*: Sterling 0 8322 US dollars 1.1640 Ninety-day forward buying rate*: Sterling 0.6124 US dollan 1 1256 NEW ZEALAND Sterling 0.5444/ 0 MIS US dollar *****/ O.MQS Ninety-day57 words
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Article51 1977-11-04 8 ZURICH exchanges closing quotes on Nov 2 US 2 .2216-2230 UK 4 .0756 Can 2.6166-6134 W Oerm 66 73-61 Netta 61.77-SB France 46 04-67 6-31-1/4-32 Denm 36 40-42 Nonr 40 06-71 ■wed 46 32-96 Italy 0 3S3S-3UO Austria 13.64-66-1/4 fori 1.46-67 Spain 2 66-1/2-67 Arg 6.43-63 Japan 6 6*4451 words
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Article42 1977-11-04 8 FRANKFURT exchanges opening quotes on Nov 3 US 2 3440/30 Can 2 0230/46 UK 4.135/133 Netil 62 60/63 00 Swlti 161 15/29 Italy 2 562/562 Prance 46 50/66 Norw 4116/36 Belg com 6 362/402 Belg fin 6 36/36 Japan 0 9065/6642 words
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Article286 1977-11-04 8 Eurobond prices quoted on No* 3 Straight* BM OflW Nippon Fud Hank 7V, 62 97 98 DSM( Holland) 8487 984 994 BNDE i Brazil) 9484 99 984 Sweden 84 87 974 97* Walter Kldde 84 85 984 99 Pemex 9 82 984 99* IU Oversea! Finance 8*87 97 87*286 words
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Article306 1977-11-04 8 LONDON, Thurs. Copper wire bars finished the morning with gains of £8.00 per tonne for cash and £9.50 for Three Months. Values were given an early boost by the overnight New York trend with Three Months trading up to £657 on the pre-market before profit-taking pared gains, dealers said.306 words
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Article209 1977-11-04 8 LONDON, Thurs. Silver closed the ring with gains of 4.5 to 4.4 pence per troy ounce. The rally at New York, buoyant gold and currency considerations all combined to establish a firmer market this morning. Three Months traded from a pre-market low of 267.7 pence up to a ring209 words
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Advertisement168 1977-11-04 8 5 liHlii il MONTHLY ECONOMIC REPORTS With monthly politicol supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments thot hove taken place in all important sectors of the economies of countries in East and Southeast Asia. The168 words
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Article444 1977-11-04 9 AP UNITED NATIONB, Thurs. An airline pilot leader said here yesterday, that the world's pilots would still have to consider a strike if airports, airlines and governments did not act against airliner hijacking In line with a resolution before the UN General Assembly. CaptainAP - 444 words
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Article336 1977-11-04 9 AP LONDON Thurs. Scattered blackouts plagued Britain yesterday as millions of Britons found themselves without power for three-hour periods because of a continuing unofficial work slowdown by power workers. The first cuts came at 9 am and continued on and off through the day andAP - 336 words
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Article97 1977-11-04 9 UPI BUENOS AIRES, Thurs. Workers at the National Bank and railway signalmen walked off their Jobs yesterday and the government ordered troops Into the subways to end a six-day-old subway strike. News reports said partial service was restored on two of the capital's five subway lines. ArmedUPI - 97 words
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Article140 1977-11-04 9 SYDNEY, Than Freight ratM from Australian ports to the Philippines, Hongkong and Taiwan will rise by eight per cent frost January 1,1*78, the Australia Northbound Shipping Conference and the Australian Shippers' Council said in a joint statemsnt. Container and pre-palleti-sed cargo allowances will rise by the140 words
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Article207 1977-11-04 9 UPI ATHENS, Thurs. Plash floods have surged through low-lying Athens districts knocking down power lines, washing out roads and killing five persons. Hundreds evacuated their homes. The floods, txlggered by a torrential fo\a-nour rainstorm last nigKt, disrupted communications in Athens and its suburbs. The power failureUPI - 207 words
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Article, Illustration466 1977-11-04 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barclay Success (0530) 22 Barge Tal Chin (after Fortune Runner) 24 Berezovka (after Hoegh Pilot) 46 Bunga Mas (0600 after Bunga Blndang) 10 Golden Source (after Fortune Runner) 23 Hel (after New Bear) 3/4 Hoegh Opal (0800 after Nedlloyd wlllemzkerk Ragna Bakke hauls)466 words
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276 1977-11-04 9 AP NEW YORK, Thurs. Negotiators for the ocean shipping Industry and the 50,000 dockworkers striking on the US Atlantic and Oulf of Mexico Coasts groped for answers In port-by-port talks yesterday as 68 container ships lay Idle. A meetlni between management from theAP - 276 words
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Article171 1977-11-04 9 UPI LONDON, Thurs. Apart from a measure of theorising about the likelihood of Increased demand for freight space, news of a larger than expected Soviet grain crop shortfall had little effect on the charter market. However, Sovfract were reported to have booked the 27,808 dwt Samoa atUPI - 171 words
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Article183 1977-11-04 9 BEN LINE Containers will extend its service to cover the Bangkok/ Europe trade. The full service will begin on Jan 1, 1978, but BLC will accept s limited number of containers now. Since Trio container ships ere too large to navigate the Chaophya River up to the183 words
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527 1977-11-04 9 NYT WASHINGTON, Thurs. David Q. Schuchat says enough Is enough. He's sorry he didn't mean to cause all this trouble. And above all, he had no Intention of escalating his $11.64 complaint Into a fiveyear, $2 million brouhaha at the Interstate Commerce Commission. As aNYT - 527 words
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Article, Illustration97 1977-11-04 9 MALAYSIAN marine police use Perkins-powered patrol boats to combat arms and illegal immigrant smugglers. Among the large number of different craft moored in Port Kelang harbour, for example, ere a number with Perkins marine engine installations. Theee include police patrol boat PCf seen here tying aloog-eide97 words
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Article731 1977-11-04 9 ARRIVALS BWTK* Operator Neekw Lmu TIom Vna KAL KE807 CAL CI331 MAS MHOOl MAS MH682 SIA SQlOl MAS MH621 MAS MH607 MAS MH671 SIA SQ103 OIA GA90O BA BA844 SIA SQ209 OIA OA944 MAS MH605 OIA QA906 PAL PR501 RBA BI32S OIA OA962 SIA 8Q240 KLM KL833731 words
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Advertisement533 1977-11-04 9 This months new Penguins If SCOTT FfT7G£PAID II I I I*l l>M i S s nswp THE IMPERIAL ACHIEVEMENT The Last Tycoon: F. Scott Fitzgeraid Exhaurtsd by Hollywood hackwork, Fitzgerald diad before ha could complete the book that many people regard as hit masterpiece. Hie bittersweet novel of Hollywood in533 words
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Article, Illustration867 1977-11-04 10 Reuter PANAMA ClTY.Thurs.— Now that the Panamanian people have voted In favour of a treaty giving them the Panama Canal In the year 2,00#, attention switches to Washington for the next stage In the battle. Panama's 800,000 electors turned out In force recently toReuter; UPI photo - 867 words
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Article454 1977-11-04 10 UPI WASHINGTON,Thurs. A new study finds that spanking or the other physical punishment of schoolchildren may be be dangerous as well as Ineffective. "The use of corporal punishment within the school represents a potential danger to students, educators and school property," It said. The study byUPI - 454 words
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1286 1977-11-04 10 Reuter JAKARTA, Thurs. Despite, mounting public support for the current crackdown on graft here, Indonesian leaders are getting worried that the campaign may fall like the nine others that preceded It in the 12 years 91 President Suharto' rule. Scores of government of-. fieReuter - 1,286 words
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1095 1977-11-04 10 NYT WASHINGTON, Thurs. The continuing flow of US industry overseas is a problem not only for national economists and politicians, it Is also becoming a major concern for state and local politicians left with the headaches of trying to adjust their economy to a majorNYT - 1,095 words
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Article861 1977-11-04 10 NYT NEW YORK, Thurs. After a hiatus of many centuries, China appears determined to regain In the forefront of ce!estlal observation. As part of the re habitation of basic research decreed by the Peking regime, a telescope mirror two metres In diameter Is beingNYT - 861 words
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Article58 1977-11-04 10 IN a Financial llmao orticle on Gemu banks published la Business Urns on Oct SI it was staled: "Last month the Sooth Korean Government anthorisod the Utopian Aniu bank a Frankfurt- bud joint jwtareJhstwoan open its Seoul branch office in lt7S." The actual name of the bank 1s European58 words
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Page 10 Advertisements
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Advertisement51 1977-11-04 10 NOW ON SALE at your regular bookshop. The phenomenal bestseller which has taken America by storm the story of a black American's search for his roots in Africa. ROOTS has sold over 1 1 million hardback copies since its publication and it is continuing to top the bestseller lists even51 words
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443 1977-11-04 11 Reuter MANILA, Thurs. President Marcos today stressed the need to improve the machinery of consultation and decision-making In Asean for more effective regional cooperation and faster implementation of programmes. Mr. Marcos, who endorsed the need for more consultation with the private sector, was speaking atReuter - 443 words
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Article159 1977-11-04 11 AUSTRALIA plans to stage an Asean trade fair In Sydney in October next year. This was disclosed yesterday by Mr. Ray Wright, assistant director, trade (>romotlon, of the Australan Department of OvercAoe TrflrfP A team of three officials from his department will arrive here later this month159 words
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Article458 1977-11-04 11 SYDNEY, Thurs. One of Australia's most critical problems will be to get wage increases back Into line with productivity growth, the Bank of New South Wales says in the latest Issue of Its quarterly economic "Review," released today. The Wales says that according to a458 words
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292 1977-11-04 11 SINGAPORE emerged the winners of this year's regional management game held in conjunction with the recent 6th Asian Association of Management Organisations (AAMO) conference. The national team, comprising Messrs. Qoh Ho Wee. Tan Khln Nguan, Sim Boon Chai and Tan Thuan Heng (from Shell Eastern292 words
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664 1977-11-04 11 RONNIE LIM - BY RONNIE LIM THE local branch of an international diamond Investment syndicate, Trans World Diamonds, Is now negotiating with three foreign banks in Singapore Interested in backing its operations. Mr. Tony Choy, Trans World's Singapore director, said the company expects to reach agreement664 words
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251 1977-11-04 11 PENANO, Thurs. Consumers here will have to pay 20 cents more for a kati (605 gm) of beef from Monday. Beef stallholders said today that they would be selling at a loss If there was no price Increase as the cost has gone251 words
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Article104 1977-11-04 11 AFP KUALA LUMPUR, Thurs. The International Confederation of Free Trade Unions (ICFTU) today appealed to the American government to re-conslder Its decision to withdraw from the International Labour Organisation (ILO). Its president, Dr. P.P. Narayanan, who Is also president of the Malaysian Trade Union Congress, saidAFP - 104 words
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1537 1977-11-04 11 JAPAN'S CONCLUSION TOKYO, Thurs. The week-long Asean-Japan debate on how good and strong the five South-east Asian economies are In attracting Japanese investment ended in a "draw" yesterday and a Japanese official said this was the best one could expect in a situation1,537 words
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Article108 1977-11-04 11 THE missing bag containing $175,000 deposited in a Hongkong and Shanghai Bank night safe on Tuesday has been found. It never left the safe. It was earlier reported that 21 bags of cash were deposited by a General Post Office employee for overnight safe-keeping but one108 words
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Article59 1977-11-04 11 Reuter HONOKONO, Thurs. Indosuez Asia Ltd said It arranged a US$lB.B million (8544.6 million) 7tt-year syndicated deposit facility with a spread of 1.75 per cent over the London Interbank offered rate for the Philippine National Bank. An Indosues official said the facility also Involves a four-yearReuter - 59 words
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Article280 1977-11-04 11 Reuter CANBERRA, Thura. —The Australian government's r chlef scientific research organisation warned today that unless new domestic oil fields were discovered the country's petroleum deposits would be exhausted within 10 years. The Commonwealth Scientific and Industrial Research Organisation (C--SIRO) said that the lack of locallyReuter - 280 words
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Article105 1977-11-04 11 AFP HONOKONO, Thurs. Latest banking statistics show that low income people In Hongkong have become more affluent. Total bank deposits in September row by HKSOO million (B*3o million) to 940-41 billion. This rise was mainly due to small savers whose accounts went up by $40 millionAFP - 105 words
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Article97 1977-11-04 11 NEW DELHI, Thurs. India has made a significant break through In its industrial and economic relations with West Asia In securing a large number of prestigious assignments from that reglo/i. This was stated here by Industry Minister George Fernandes, who recently visited Libya, Kuwait, Jordan, Syria and97 words
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Page 11 Advertisements
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Advertisement333 1977-11-04 11 APPOINTMENT INDUSTRIAL COMMERCIAL BANK invites applications for HEAD OF FOREX DEPARTMENT ($45,000 p.a. negotiable) We are looking for a matured person to take charge of the forex and funding operation of the bank. He will also be responsible for ACU and local money market dealings and will report to the333 words
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Article592 1977-11-04 12 TRUST EUND FOR POOR Reuter WASHINGTON, Thurs. The International Monetary Fund sold 524,800 ounces of gold at an average price of U*****.86 per ounce. The IMF said successful bids at today's auction, which was held under the bid price method, ranged between $161.76 and $163.27Reuter - 592 words
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256 1977-11-04 12 LONDON-BASED representatives of tin consuming countries have expressed cautious optimism that the proposed 1978 Malaysian budget, which among other things provides for lesser taxation on the production and export of the metal, will be an incentive to greater production. They feel that256 words
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Article57 1977-11-04 12 AN INTERNATIONAL conference on economic relations between West and South-east Asia will be held from Nov 14 to 16 at the Singapore Hilton. The aim of the conference is to exchange views of common concern. The countries involved hope to achieve better economic relations and to57 words
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204 1977-11-04 12 Reuter JOHANNESBURG, Thurs. Krugerrand sales abroad totalled 405,600 coins In October, up from 221,000 In September and 216,000 In October, 1976, Intergold Corp manager Don McKayCoghill said. Total sales were 413,020 In October compared with 230,880 In September and 224,060 in the year ago month.Reuter - 204 words
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Article366 1977-11-04 12 Reuter NEW YORK. Thurs. Less developed countries without oil may unilaterally extend the maturity of their debt If financing talks with the IMF and Commercial banks fall. American Express International Banking Corp president James Greene said copper and cotton producing countries came to mind inReuter - 366 words
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Article744 1977-11-04 12 LONDON. Thurs. Market sentiment, already depressed by concern over the impact on the British Government's pay policy of the coalminer's vote against a productivity scheme, was further deflated during the afternoon by the weakness of sterling and prices closed sharply lower, dealers said However, gold shares advanced following744 words
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409 1977-11-04 12 AFP LONDON, Thurs. Britain yesterday supported In principle a cut of 40 per cent in the customs tariffs being considered in connection with the future Gattsponsored multilateral trade negotiations. Authoritative sources said acceptance of the cuts was subject to several Important conditions. TheseAFP - 409 words
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256 1977-11-04 12 AFP KUALA LUMPUR, Thurs. The Malaysian government is re-orlentatlng Its investment priorities by upgrading public sector expenditure in view of the global slowdown in investment, Minister of Primary Industries Datuk Musa Hitam said today. He added this new approach was prompted by the toughAFP - 256 words
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Article207 1977-11-04 12 Reuter MANILA, Thurs. The Philippines today called on Asean nations to form commodity clubs to help boost the new preferential regional trading arrangement. The call was made by Trade Secretary Troadio Quiazon Jr. during the Asean Chambers of Commerce and Industry council meetings which openedReuter - 207 words
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326 1977-11-04 12 Reuter KUWAIT, Thurs. The oil countries are unlikely to decide on more than a 5 per cent price rise next month In Caracas, according to Kuwaiti oil Industry sources cited by the newspaper Al Hadaf today. Such a rise, if itReuter - 326 words
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185 1977-11-04 12 A LEGAL tussle is on between Haw Par Brothers International and two foreign banks over priority of pay menu due to them by Overseas Textiles Co Ltd, now under receivership. In the High Court yesterday, Moscow N a rod ay Bank185 words
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Article134 1977-11-04 12 THE agreement between Haw Par Brothers International and Jack Chla Holdings (Hongkong) has over 14 years to run and not five as we suggested yesterday. Providing Jack Chla can keep getting upwards of S2.fi million a year at least out of the Joint companies134 words
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Article94 1977-11-04 12 FINANCE Minister, Mr. Hon Sui Sen, will open Machine Asia the first South-east Asian production machinery and engineering equipment show at Hyatt Hotel on Monday. The five-day show features equipment and machinery of more than 400 companies from 20 countries from US, Western Europe, Eastern94 words
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573 1977-11-04 12 MK ELECTRICS recent decision to set up manufacturing bases outside the UK appears to be paying off, at least as far as Its first venture In Singapore Is concerned. Its early fears that Singa-pore-made MK products might not prove acceptable In terms of product573 words
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Article493 1977-11-04 12 AP SAN FRANCISCO, Thurs. Foreign steel companies are not obeying the rules of the American marketplace and the US government Is doing nothing to stop them, US Steel president David Roderick said yesterday. The steel Importers, mainly from Japan, Canada, Germany, Great Britain andAP - 493 words
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Article191 1977-11-04 12 AP WASHINGTON, Thurs. Weekly pay cheques of most American workers were US$l5 (SS3B) fatter last May than a year ago. but inflation destroyed anv real gain. The Labour Department said yesterday weekly earnings of full-time wage and salaried workers averaged $212 in May, 1977 upAP - 191 words
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Advertisement385 1977-11-04 12 I L J South East Asian Production Machinery and Engineering Equipment Show, 7-11 November 1977, Hyatt Convention Centre Singapore Industrial Investment Seminars Presented by the five ASEAN governments Seminar Day 1 7th November Seminar Day 2 Bth November Seminar Day 3 9th November Seminar Day 4 10th November Indonesia Malaysia385 words