The Business Times, 12 November 1977
1977-11-12
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The Business Times
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Title Section10 1977-11-12 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, NOVEMBER 12, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article71 1977-11-12 1 SEOUL, Fri. South Korea announced today it would increase lendings from its own foreign exchange reserve for imports to help slow down the rapid inflow of foreign exchange. The measure to be effected next Monday will increase to US$7OO million (Ssl.7 billion) from the present $500 million71 words
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Article57 1977-11-12 1 AFP PENANG, Fri. Forty-seven factories creating more than 4,000 Jobs and involving a capital Investment of M$ 108.1 million are to set up here soon. Most of the factories to be set up will Involve foreign investments. This was disclosed by Penang Chief Minister Dr. Llm Chong EuAFP - 57 words
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Article55 1977-11-12 1 AFP TOKYO, Fri. Sino-Japanese trade rose to U552,461.71 million (555,907 million) for the first nine months of this year, the Japanese Organisation for Foreign Trade (Jetro) announced today. The semi-governmental organisation said the amount of trade was 6 per cent higher than the same period last year,AFP - 55 words
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Article63 1977-11-12 1 Reuter MANILA, Fri. Taiwan is investing US$9O million (Ss2l6 million) here on downstream plants under the Philippine Government's proposed petro-chemical complex slated for construction by 1981, a Taiwanese official said today. Mr. William Sun, director of economic affairs division of the Pacific Economic and Cultural Centre, saidReuter - 63 words
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Article40 1977-11-12 1 UPI TOKYO, Fri. Kawasaki Heavy Industrials Ltd. said today it has signed a US$l6.3 million (5539.8 million) contract with Festivale Maritime, Ltd. of the US to convert a 30,212-gross ton cargo-passen-ger ship into a passenger liner. UPIUPI - 40 words
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Article43 1977-11-12 1 Reuter PARIS, Fri. One of France's largest heavy engineering combines-Creusot-Loire, has signed a US$2OO million (S$4BS million) preliminary contract with the Vietnamese state firm TechnoImport for the construction of a steel works at Thai Nguyen north of Hanoi, sources said. ReuterReuter - 43 words
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Article75 1977-11-12 1 AP. NEW YORK, Frl. The stock market leaped ahead in heavy trading this morning, continuing yesterday's powerful rally. The Dow Jones average of 30 industrials jumped 10.40 to 842.95 in the first half hour. Advances took a six to one lead over declines among New York Stock Exchange-listedAP. - 75 words
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Chief Price Changes
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Article110 1977-11-12 1 Rises Most active Lien Hoe 2.12 +.18 Lien Hoe 477,000 Wearne 3.18 .10 G Ceramics 109,000 K Sldlm 6.10 .10 Consolidated Pit. 80,000 PMC 3 04 .08 SEA Lumber 70 000 Rahman Hy Int Wood Tan Chong 4.00 1.50 .11 .06 .05 .05 Total Turnover: 2.11 M110 words
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Article, Illustration196 1977-11-12 1 Rises Most active Lien Hoe 210 15 Lien Hoe 158.000 135.000 95.000 Int Wood SEAL Oriental Hide* 161 13 Nanyanc Preea 114 12 MegaChem 314 296 10 +9 Haw Par Wmtdm 84,000 63.000 63,000 49,000 46.000 PMC UIC Hone Leone TaaChoof 302 229 236 210 +7 +7196 words
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Article967 1977-11-12 1 COLIN CHEE, JOHN LIM - EEC TEXTILE PROPOSALS Bv COLIN CHEE, JOHN LIM HONGKONG'S recent\outright rejection of the European Economic Community's (EEC) cutback proposals for its textile exports to the EEC may Indirectly increase the pressure on fellow Asian textile exporters to the EEC, such as Singapore. For the967 words
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175 1977-11-12 1 and their exports slide back 16pc HONGKONG, Frl. The slack demand for textile products has led to a 16 per cent decrease in shipments by Hongkong's main industry in the first nine months of this year, according to official trade figures published today. The publication by the Census and Statistics175 words
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810 1977-11-12 1 RONNIE LIM - •y RONNIE LIM SINGAPORE will have received about $400 million worth of new Investment commitment by the end of this year, said Mr. Yeo Seng Teck, director of the Economic Development Board (EDB), at the Machine Asia seminar yesterday. This figure betters last year's810 words
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Article256 1977-11-12 1 WEST ASIA and the Benelux nations Belgium, Holland and Luxembourg are the new targets of Singapore's tourism promoters. This is disclosed by the Singapore Tourist Promotion Board in its 1976/77 annual report. The report, however, says that traditional markets like Japan, Indonesia, Australia, New Zealand,256 words
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Article134 1977-11-12 1 AFP TOKYO, Fri. Japan's certified export contracts in October Jumped 17.5 per cent from a year earlier while its imports increased only 14.4 per cent. Indicating the nation's muchcrltldsed huge trade surplus may further grow despite the government's efforts to reduce It. The Ministry ofAFP - 134 words
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294 1977-11-12 1 THE STOCK Exchange of Singapore will have listed on iu boards for the first time a 151 million bond issue to be offered by an Australian financial institution the Australian Resources Development Bank. (ARDB). The five-year note issue will be made in two294 words
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393 1977-11-12 1 THE suit for alleged defamation brought by a local cigarettes and tobacco distributor against Moscow Narodny Bank was settled In the High Court yesterday. The suit was settled for an undisclosed sum of damages and costs to be paid to the tobacco distributors. Lam Ouan393 words
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Article187 1977-11-12 1 THE Public Utilities Board's capital expenditure for next year is expected to reach a record high of $403.8 million, most of which will be spent on major electricity development projects. The Board's .electricity department is expected to spend $340.4 million mainly on Senoko Power Station187 words
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Page 1 Advertisements
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Advertisement50 1977-11-12 1 AKAI it* INSIDE Market JUviewi/ TV Radio Overseas News/ Croes words Local Co. News Int'l Co. News Local Stocks Overseas Stocks P 7 P 2 Commodities p g Transport ft Com* P 3 munications P 9 P 4 Features plO P 5 Local Overseas P 6 News P 11, 1250 words
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Advertisement96 1977-11-12 1 I I •If Braun Synchron Plus Braun's Synchron Plus. For the man who must have a closer, smoother, faster shave than any other shaving system can give. The exclusive features of this shaver include: Tissue-thin super-flexible electro-formed nickel foil. Has unique pattern of cutting holes and slots. Platinum-coated to give96 words
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Advertisement246 1977-11-12 1 bankmmjlt safe depostt OflDk SAFE STRONG SAFE SAFERLE r Browning's bold new shape toward better golf is way out in front! t IRONS This is the Browning 440 Some will call it daring, provocative or simply different. The designers of this unique iron are confident that you will soon call246 words
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MARKET REVIEWS
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797 1977-11-12 2 IVAN FALLON - LONDON By IVAN FALLON THE Industrial relations news has dominated everything else on the London stock market In the past week. Happy memories of the euphoria created by the uncapping of the pound and the foreign money inflow have faded to be replaced797 words
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249 1977-11-12 2 FOR THE past few week* the shares of De Beers had been rising strongly on the London market, despite the sanctions against South Africa and the fall of everything else (except the gold price). Last Friday we learned why: De Beers,249 words
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Article336 1977-11-12 2 BRITANNIA Arrow Holdings, which once rejoiced under the name of Slater Walker Securities, Is In search of a new chairman. Sir James Goldsmith, who replaced Jim Slater In those far-off days of 1975 when the Spydar affair sent Its tentacles towards St Paul's336 words
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Article258 1977-11-12 2 AFTER making a success of his diversification Into shipping (with Cunard), hotels (the Rltz) and his Fleet Street venture (The Express), Trafalgar House's Victor Matthers yesterday unveiled another major move.. For £20.5 million In cash he has agreed to take over Morgan-Grampian, a publishing group258 words
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Article450 1977-11-12 2 FRESH buying interest In rubber stocks added life to otherwise quiet and slightly steady trading on the Kuala Lumpur Stock Exchange this week. The leaders In the rubber sector were undoubtedly the two. sterling rubber counters. Consolidated Plantations and Chersonese. They started their climb on Wednesday In the450 words
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Article308 1977-11-12 2 Reuter THE Sydney share market ended the week strongly with the widely anticipated reduction In Interest rates for Australian savings bonds, which fell 0.5 per cent to 9.25 per cent. Speculation Intensified on Friday morning, and BHP. the market leader, rose eight cents to A 55.62. BHP began theReuter - 308 words
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353 1977-11-12 2 OTHERS The Stock Exchange of Singapore delisted 10 companies on Nov 7. They are Singapore Ceramics, Imperial Securities International, CTD Resources, Copper Industries S» n Kapore E ldal oiianl Jute and Textile Mills, Tropical Veneer, Mosbert, Malaysian Wood WN>l Products, and National353 words
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Article741 1977-11-12 2 IT WAS just touch and go most of the time at the Stock Exchange of Singapore this week. Prices, however, finished generally higher on a wave of buying prompted by the first significant recovery noted on Wall Street. The opening market was irregular with prices moving within narrow limits741 words
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Page 2 Advertisements
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Advertisement335 1977-11-12 2 LIM BiAN YAM GflOs%C THE PRACTICE OF ECONOMIC GROWTH Or Goh Keng Swee Here, Dr Goh, widely acknowledged as the architect of Singapore's economic growth, describes Singapore's experience which confirms some of the conventional wisdom of growth theory but refutes much of the rest. This book examines some of the335 words
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Page 2 Miscellaneous
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Miscellaneous376 1977-11-12 2 I THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Nov 11 at Singapore airport. Maximum Temperature 31.7° C Associated Humidity 63 Minimum Temperature 23.2° C Associated Humidity 97 Hours of Sunshine 7.70 Rainfall in Millimetres Trace Total Rainfall for the Month 122.0 Total Rainy Days for376 words
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OVERSEAS
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608 1977-11-12 3 Reuter UPI LONDON, Frl. UK Chancellor of the Exchequer Denis Healey forecast UK unemployment will fall next year when opening a parliamentary debate on government economic policy. Tax cuts announced recently mean unemployment In 1979 will be 110,000 lower than otherwise, with figuresReuter; UPI - 608 words
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Article441 1977-11-12 3 Reuter LONDON, Frl .-The French and Belgian francs came under pressure on the foreign exchange markets yesterday, while the mark gained sharply against the dollar. The buoyancy of the mark contrasted with a late fall in the dollar to around 2.2445 marks from 2.2600 at the opening.Reuter - 441 words
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273 1977-11-12 3 Reuter AMSTERDAM, Fri. Holland will raise its bank rate to 4-1/2 per cent from 31/2 per cent effective today, the Central Bank said. It will also raise the promissory note rate to 5-1/2 per cent from 4-1/2 per oent and the rate forReuter - 273 words
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Article37 1977-11-12 3 Reuter NEW YORK, Frl. Citibank NA said It held its prime lending rate unchanged at 7V« per cent for the coming week. It set the rate yesterday because of today's bank holiday here. Reuter.Reuter - 37 words
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375 1977-11-12 3 Reuter WASHINGTON. Frl. President Carter said he Is still reviewing all aspects of his tax reform programme, expected to be announced later this year or early in 1978. "I am continuing to assess all aspects of tax reform, inducing the three-Martini lunch," Mr. Carter said.Reuter - 375 words
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Article85 1977-11-12 3 Reuter JOHANNESBURG, Fri. US investor demand for bullion and gold coin is ex-_ pec ted to double by 1980 from its expected 1977 level of 4.5 million ounces. J. Arcon and Co senior vice president Herbert Coyne also said this would almost equal a 10 per cent increaseReuter - 85 words
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Article161 1977-11-12 3 AFP LONDON, Frl. About 20 countries have said they will attend a coffee producers meeting In London on Monday, called by Brazil and Colombia. There has been no response from Uganda, but diplomatic sources here described the overall response as "very encouraging". The conference will discuss theAFP - 161 words
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322 1977-11-12 3 UPI PITTSBURGH, Fri. Industry and political leaders at a steel summit conference say the United States could find itself In another depression If the Carter Administration falls to help the ailing Industry. "It is time we use our resources to stimulate the economyUPI - 322 words
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Article349 1977-11-12 3 NYT NEW YORK, Frl. In a major blow to New York City's fiscal recovery, the city's underwriters abruptly cancelled its long-awaited sale of short-term notes yesterday after Moody's Investor Service gave the offering its lowest possible investment grade credit rating. Led by Merrill, Lynch, Pierce,NYT - 349 words
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Page 3 Advertisements
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Advertisement201 1977-11-12 3 SEE PAGE 10 |?[_$:"|)[`+^(-<~,<;}",+.|:&|\! Non-stop to New Zealand. Non-stop comfort Non-stop service. Non-stop entertainment. There's only one way to get to New Zealand in one hop. Nonstop. The fastest way. The most comfortable way. Every Tuesday and Saturday. Air New Zealand takes you there. In wide-bodied DC-lOs. With non-stop service201 words
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Page 3 Miscellaneous
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Miscellaneous187 1977-11-12 3 I CROSSWORDS --ri Cryptic Solution ACROSS. 4, Denial. 7. Hothouse. 8, Change. 10, Chest. 13, Boat. 14, Kill. 15, Mars. 16, PRO. 17. Olaf. 19, Teas. 21, Co-Alfle-ld. 23, Pups. 24, Land. 26, Tot. 27, Then. 29, Ek-Ed. 32, Seas (seize). 33, Probe. 34, Salads. 35, Tidemark. 36, Lonely. DOWN.187 words
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COMPANY NEWS
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546 1977-11-12 4 ALTHOUGH earnings grew at a slower rate in the second half-year, United Industrial Corporation managed to return its bestever results for the year ended July 31, 1977. Group pre-tax profit increased by about 21 per cent to $8.87 million despite a fairly sharp decline546 words
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Article316 1977-11-12 4 Current Ex Date Total for Total for payment Date payable the year previous year Datuk Keramat 25%I Oct 19 Nov 18 25% 96% Supreme Corp 10% Oct 13 Nov 18 10% KLK 5% I Oct 13 Nov 19 5% 10% S. Tractor* 22.5% Oct 12 Nov 21 32.5316 words
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315 1977-11-12 4 THANKS to the improved fortunes of its associate Rahman Hydraulic Tin, Mineral Securities Malaysia has returned to the growth path with earnings for the year ended June 30, 1977 more than double the previous year's. Pre-tax profit reached M 51.24 million, an315 words
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770 1977-11-12 4 TASEK CEMENT'S earnings growth In the current financial year ending June 30, 1978 will depend on Its ability to generate a marked increase in sales and to control Its production costs. According to chairman, Mr. Tan Ene Ghee, there are noticeable signs770 words
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Article217 1977-11-12 4 MR ARTHUR WEE Choo Boon has Joined Metal Box as commercial manager of its can making operations in Woodlands. Ming Court Hotel has appointed Mr Jean Marc Lemoine as executive chef. Mr Lemoine was previously with Hotel Sari Pacific In Jakarta. Guthrie Berhad announced that Mr Cheong217 words
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COMPANY MEETINGS
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Article23 1977-11-12 4 THE following company meetings are due: Nov 15 at 13th floor, Tunas Building, Anson Road, Singapore 2 at 10 a.m.23 words
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Article18 1977-11-12 4 Nov 16 at noon at the Regent of Kuala Lumpur Hotel, Jalan Imbl, Kuala Lumpur.18 words
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Article15 1977-11-12 4 Nov 17 at noon at the Kuala Lumpur Hilton Hotel, Kuala Lumpur.15 words
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620 1977-11-12 4 NYT NEW YORK: In February 1976, the Williams Inference Service informed Its clients that a major zinc producer had reduced prices at a time when demand was picking up. This move smacked of corporate pricecutting as a means of increasing market share and raised theNYT - 620 words
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Article1208 1977-11-12 4 On Nov 10 TRADING on the Chicago Board Options Exchange came to 177,948 contracts compared with 88.943 contracts on Wednesday. OPTION JAN APL JLY STOCK AlCC* 40 4 5/1 4 3/4 UNTRD 433/4 Alcoa 45 13/8 21/2 UNTRD 433/4 Alcoa 30 UNTRD 1 NOL 433/4 Alcoa 001,208 words
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396 1977-11-12 4 DESPITE a reduction in FFB supplies from outside sources, Kemayan OH Palm's group pre-tax profit for the year ended May 31, 1977 dipped only one per cent to M 53.99 million. The marginal decline was not unexpected as Chairman Dr Slow Kon Sang had396 words
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Article260 1977-11-12 4 KUALA LUMPUR Industries has requested the Kuala Lumpur Stock Exchange to give the company more time to furnish further Information relating to Its sale of 4.5 million shares In Public International Investments of Hongkong.. In a letter dated Nov 7, the KLSE had requested260 words
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Page 4 Advertisements
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Advertisement241 1977-11-12 4 What is Malaysia doing ensure natural itibberS rightful place in industry? Find out in the November 1977 issue of MALAYSIAN BUSINESS MALAYSIAN BUSINESS this month takes a close look at the rubber industry from the processing and marketing to the industrial use of the product and the technological advancements made.241 words
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127 1977-11-12 5 NORTH AMERICAN COMPANIES AFP LEVI Strauss and Co., manufacturers of blue Jeans, has won a trademark lawsuit against another American firm, Blue Belle. A federal Judge in San Francisco ruled that Blue Belle, manufacturer of "Wrangler" jeans, was copying a Levi trademark byAFP - 127 words
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Article111 1977-11-12 5 Reuter SINGER Co said directors voted to raise the quarterly dividend to US 15 cents a share from 10 cents, payable on Dec 15, to stockholders registered by Nov 21. Singer said its ability to raise the dividend reflects its Improved financial base and itsReuter - 111 words
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Article96 1977-11-12 5 Reuter THE US Securities and Exchange Commission said the Commonwealth of Australia filed for an offering of USSIOO million of seven-year bonds due 1984 and $100 million of 20-year bonds due 1997 through Morgan Stanley and Co. The Australian Government, in Its registration statement-said the net proceedsReuter - 96 words
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Article86 1977-11-12 5 Reuter TENNECO Inc's earnings for the fourth quarter this year will be higher than for the third quarter when it declined slightly to U5596.9 million, company president James Ketelson said at a presentation in Zurich. The company's investments this year will be $750 million up $130Reuter - 86 words
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Article288 1977-11-12 5 Reuter ASHLAND oil Co chairman Orin E. Aklns said recent improvements made In Commonwealth Oil Refining Co's operations have been largely offset by the decline In product prices leaving the Corco operation In an approximate break-even position. Speaking to analysts, the Ashland chairman said "TheReuter - 288 words
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Article301 1977-11-12 5 Reuter THE American Stock Exchange (Amex) board of governors has elected Arthur Levitt Jr. president of Shearson Hayden Stone Inc, as the exchange's chairman and chief executive officer. The Amex said Mr Levitt, elected exchange vice president just last month, will officially assume his new dutiesReuter - 301 words
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Article282 1977-11-12 5 AP THE US Interior Department on Thursday Issued permits to six oil companies to drill the first exploratory oil wells off the heavily populated United States Atlantic coast. Issuance of the permits clears the way for the oil companies to erect their drilling platformsAP - 282 words
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Article262 1977-11-12 5 Reuter A RECORD 10.68 million people visited Disneyland In the year ended Sept 30, 1977, helping push up annual profits for the late cartoonist's entertainment empire nearly 10 per cent above the year-ago period. Disney Productions said its profits for the fourth quarter totalled US$32Reuter - 262 words
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Article117 1977-11-12 5 Reuter UNDERWRITERS have Informed New York City they will be unable to proceed with a planned offering of revenue anticipation notes due to a low rating on the notes by Moody's Investors Service, a spokesman for New York City comptroller Harrison J. Ooldln said. AccordingReuter - 117 words
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Article111 1977-11-12 5 Reuter EASTMAN Kodak directors voted on Thursday to pay a special 50 cent a share dividend in addition to the regular 40 cent per share payout, the company said. The special dividend has been paid in each of the past two years. Both dividends are EavableReuter - 111 words
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Article58 1977-11-12 5 THE US$l6O million average three year 7Vi per cent note Issue for R.J. Reynolds Overseas Finance Co has been priced at par, banking sources said. The issue, managed by Deutsche Bank AO and Dresdner Bank AO, was raised to enable R.J. Reynolds Inc to repay early a 34258 words
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Article56 1977-11-12 5 RHINECHEM Laboratories Inc, a subsidiary of Bayer AO, said that as of Wednesday It received 4,671,089 shares, or about 80 per cent of Miles Laboratories Inc stock under Its tender offer of US$47 a share. Rhinechem said the expiration date of its offer, now extended to Jan56 words
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Article77 1977-11-12 5 BRAZILIAN utility Light Servlclos de Eletrlcldade Is raising a US$l5O million eight-year Eurocredlt, lead manager Westdeutsche Landesbank Olrozentrale said. The credit, with an average life of 5 years consists of a single tranche and has been fully underwritten by a group of International banks. Proceeds will be77 words
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889 1977-11-12 5 NYT CHICAGO. As the board of directors of the world's largest retail company, Sears. Roebuck and Company, met on Monday morning in a 66th-floor conference room, the world's tallest building, the 110-storey, 440-metre Sears Tower, was shrouded In fog and mist. If theNYT - 889 words
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224 1977-11-12 5 ASIAN COMPANIES Reuter PRIVATE foreign companies should be allowed to float yen bonds in Japan, the Underwriters Association said. At present, such issues are restricted to foreign governments and international institutions. This would necessitate changes in the rules and practices of theReuter - 224 words
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Article203 1977-11-12 5 Reuter SANTOS said in Adelaide it plans to recommend a maiden dividend at its annual meeting for 1977 and proposes a two-for-one scrip Issue of 25 cent par ordinary stock units. Santos has a current issued capital of U559.32 million made up of 10.08 million 25Reuter - 203 words
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Article118 1977-11-12 5 UPI KURARAY Co., Japan's leading synthetic fiber maker, incurred a US$l2.5 million loss in the first halfyear ended Sept 30. 1977 compared with a profit of $144,000 previously. The company attributed the large deficit to sluggish demand and reduced profits from exports because of the yen's riseUPI - 118 words
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Article165 1977-11-12 5 Reuter TEIJIN has predicted a 4 billion yen deficit before tax and special Items for the current year ending March 31, 1978 compared with a 3.80 billion yen profit In 1976/77. Sales will total 350 billion yen compared with 349.52 billion yen. Poor businessReuter - 165 words
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Article77 1977-11-12 5 JOINT lead manager Bayerlsche Verelnsbank confirmed that Furukawa Electric Co of Japan is raising a 35 million mark, seven-year convertible Eurobond, probably with a half-yearly coupon of 5V4 per cent and an issue price at par. The conversion price will be around a 10 per cent premium above77 words
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Article54 1977-11-12 5 AFP WAH Kwong Properties of Hongkong reported consolidated net profit rose 14 per cent from HK511.67 million to 13.34 million for the year ended June 30. 1977. The directors recommended a final dividend of HK 3 cents (2.5 cents), which makes a total of 5 centsAFP - 54 words
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Article204 1977-11-12 5 EUROPEAN COMPANIES Reuter. VOLKSWAGENWERK AG said it is Increasing planned spending under its group investment programme over the next four years to 4.9 billion from 2.3 billion marks. A company spokesman said the decision was taken at the company's supervisory board meeting on Wednesday, after whichReuter. - 204 words
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Article168 1977-11-12 5 Reuter ON an 18 per cent sales increase. Boots Co. of the UK raised pre-tax profit by 26 per cent from 137.7 million to 147.6 million for the first half-year ended Sept 30, 1977. Sales, excluding VAT, rose to 1391.7 million from 1332.7 million inReuter - 168 words
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Article60 1977-11-12 5 Reuter CAVENHAM Int BV. a wholly owned subsidiary of Cavenham, said it is issuing a USSSO million 10-year bond unconditionally guaranteed by Cavenham and Generale Occidentale. The issue will enable the group to pursue tne development of its activities. principally in the US. The issue is managedReuter - 60 words
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Article63 1977-11-12 5 DEUTSCHE Bank AG wants to reduce its 1977 cash dividend by a much smaller amount than earlier anticipated, joint managing board spokesman F. Wilhelm Christians told reporters. The dividend cut, which arises from the higher tax bills incurred under the corporation tax law reform, will be less63 words
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Page 5 Advertisements
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Advertisement234 1977-11-12 5 Another ACBC New Branch At 39, South Bridge Road ACBC opens another new branch today to extend its courteous services, and to provide yet another convenient place for banking J tor the public and its customers. We otter complete banking services ranging trom tinancing, foreign exchange transactions, NCOs, loans, savings234 words
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Article2356 1977-11-12 6 1177 Hick Low Company Last 9ale +orGr'» div Div c'vr Gr's y'ld Net P/E Vol Day COOO) High Low 154 204 116 242 88* 198* 169 245 414 146 134 165 58 212 57» 155 152 182 350 91 Ac ma Alcom Allied Choc Bala Ben Boustead2,356 words
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Article1299 1977-11-12 6 BID aad oAr prieM officially listed and buriiw ia i>d rsosetod to the Stock Infant of Slagapar* yesterday with tW nun bar of iKtm traded itowi ia brackets ia leto «T I.MO uaita aalaa ilto iriaa specified. All Tina Sattlaiaat Contracts are quotod after the word "Sett."1,299 words
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Article1575 1977-11-12 6 BID and offer prices officially limed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of ihare* traded shown in bracket* in lota of 1,000 unit* unle** otherwise specified. INDUSTRIAL* Aetna (1.358 1.408). Alcom (1 658 1.745). Aid. Hsld (0.988). A.1,575 words
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Article144 1977-11-12 6 STRIKING prices of the stock optigns officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and businese done yesterday, with the number of options traded shown in brackets. C and C (Doc 81.88) V*4B 0*78). (Dec 82.30) (0.148 0.178) (1) 0.17. (March 81.80)144 words
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Article148 1977-11-12 6 SINGAPORE UNIT TRUST INuinn' for Mm 141 INCOME BOND UNIT The Commerce 1.78 1 66 (Carnal p INCOME BOND rien) The Saving Fund 1.04 1.10 1.08 l.M S pore Prog Fund S pore Security 0.M 0 88 MARA BUMIPUTRA FUND Fund S pore Invest 182 1.71 First Bumlputra148 words
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Article152 1977-11-12 6 Rep Spore D Mark 7* 1882 (100.000) (100\B J0148) Rep Spore 8 1/2% 1883 (100,000) (***** 100HS) Rep Spore 7 3/4* 1887 (100.000) (9948 *****) 4 3/4% 1/5/79 (250,000) (100.278 100.40S) (2) 100.30 5 1/4% 15/10/78 (250.000) (100.508 101.00S) 5 3/4% 1/8/78-80 250,000) (100.908 101.208) 4 3/4% 15/9/80152 words
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Article170 1977-11-12 6 B O T 8 1/2% 1981 (100,000) (1008 100 MS) B O T 7 5/8% 1984 (100,000) (97M8 97MS) LTCB J 1982 (100,000) (98 MB 98 MS) Credit Lyonnait Floating 1983 (100,000) (97M8 97MS) DBS Convert* C 1/2% 1991 (100,000) (96M8 96MS) D B S 8 1/2% 1982170 words
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Page 6 Advertisements
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Article, Illustration615 1977-11-12 7 PRICES generally ruled steady in moderate trading on the Stock Exchange of Singapore yesterday. Good gains were made by ■May counters and light support for the blue chips enabled the Straits Times Industrial to clmt the Ml points hurdle to touch 261.17. Elsewhere, selective trading was the615 words
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Article406 1977-11-12 7 LIGHT buying interest helped the Kuala Lumpur Stock Exchange to maintain a slightly steadier trend yesterday. After the Deepavall holiday. the market reopened on higher ground, with sentiment still bearing strong traces of underlying support. Most counters were marked marginally higher apart from selected industrial Issues406 words
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INTERNATIONAL STOCKS MARKETS
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Article383 1977-11-12 7 HONOKONO: The market closed firm In moderately active trading, with second liner* such as hotels, properties and utilities gaining and blue chips steady to firm, dealers said. The Hang Seng Index rose 4.55 points to 434.49. Among the leaders, Jardiae Matheion rose 20 to 13.50, Hongkong Land 10 to383 words
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Article488 1977-11-12 7 TOKYO: Share prices rose In moderate trading on cheap buying, dealers said. The Dow Jones average rose 9.60 to close at 4,950.81 on volume of 160 million shares. The new Index was 370.63, up 1.01. The yen's appreciation against the dollar In Tokyo dampened buying interest temporarily, but demand488 words
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Article462 1977-11-12 7 SYDNEY: The market was firm ahead of the cut In the savings bond interest rate, with the Wale, rising 12 to 5.48 among firm banks and BHP eight to 5.62, dealers said. The Sydney All-Ordinaries Index rose 2.94 points to 448.23. The National, however, closed three lower at 2.82462 words
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Article158 1977-11-12 7 MANILA: The market ended the week firmer across the board, although turnover fell to 5.1 million pesos from 6.4 million on Thursday, dealers said. In commercials San Miguel was higher and others held steady, while In oils, Oriental posted a two-point gain and others closed slightly higher. In commercials158 words
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Article127 1977-11-12 7 NOV II Bants Asia Fibre 314 428 Bangkok Bank 423 ♦4 Bangkok Invest. 398 24 Bangkok -Metropolitan Bank Bala •IS 20 BerltJucker uo 10 Charoonf Thai Wire 381 ♦21 Dumex DusitThani 369 Faber Merlin First Trust 37# 18 Genera Finance 382 13 Indo-Thal Industrial Finance Corp 2435 40 J127 words
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Article301 1977-11-12 7 AMSTERDAM: The market closed slightly higher In quiet trading, dealers said. Dutch internationals rose strongly with Unilever and Royal Dutch 1.50 and 1.20 guilders higher respectively, while Hoogovens and Philips eased against the trend. Banks also rose on balance but Insurances and trading and Industrial stocks were mixed while301 words
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Article145 1977-11-12 7 BRUSSELS: Share prices closed mixed In quiet trading ahead of the Armistice Day closure, bourse sources said. In "Belgian stocks. ACEC and Solvay rose but Hoboken and UCB were lower. US French and Canadian shares were mixed while other foreign stocks were mostly unchanged. PetroAna and its US subsidiary145 words
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Article328 1977-11-12 7 FRANKFURT: Shares closed firmer in active trading following positive bourse comment this week by leading Oerman investment fund managers, bourse sources said. Interest centred on shares which are either directly or Indirectly concerned with the nuclear power business with BBC gaining 16.10 marks, Ck» Babcoek ord's 11.50 and Seasons,328 words
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Article150 1977-11-12 7 MILAN: The market closed weak In slightly more active trading with lower industrial production and the September trade deficit affecting sentiment, dealers said. Aaic, Am Generali, Bastogi Centrale, Fiat Finsider, Ifi Priv, Italcementi. both Olivetti's and Pirelli's and Saia Niacoaa eased Bonds were narrowly mixed in quiet trading. NOV150 words
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Article353 1977-11-12 7 PARIS: Shares were generally lower following the rise In French call money to 9* per cent from 8% and ahead of the Armistice Day holiday, bourse sources said. Foods was the only sector which was mostly higher with BSN-Gervais-Danone up six francs although Peraod-Ricard lost six francs. In autos,353 words
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Article271 1977-11-12 7 ZURICH: The market closed narrowly mixed In moderate activity with an easier bias, as new incentives were lacking, bourse sources said. Leading banks and insurances fluctuated slightly. Among little changed flnanclals. OerlikonBuehrle met further proflt-ta-klng, while recently depressed Juvena bearer ruled steady Most Industrials eased slightly Dollar stocks were271 words
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Article350 1977-11-12 7 JOHANNESBURG: Oold shares were easier In quiet trading with some overseas selling evident, dealers said. Financial minings were marginally lower In line with producers. Coppers were unchanged to five cents easier while platinums were mixed. Asbestos Issues were at previous levels. The industrial market was mixed. NOV I* Rand350 words
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Article332 1977-11-12 7 TORONTO: The market closed sharply higher In active trading, with share volume the third highest this year. The Composite index was up nearly eight points and advances outpaced declines 275 to 172. Metals, oils, Industrial products and merchandising all saw large gains but the Pipelines Index was 20 points332 words
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Article1344 1977-11-12 7 NEW YORK: The stock market staged Its most Impressive and broadly-based advanced In many weeks, as Investors snapped up bargains among re-cently-depressed Issues In unusually hectic trading activity. The Dow Jones Industrial average jumped more than 14 points and volume was the heaviest this year, with 31.98 million1,344 words
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Article63 1977-11-12 7 FINANCIAL TIMES INDUSTRIALS Thursday 489.7 Wednesday 482.3 Week Ago 470 J DOW JONES AVERAGE INDUSTRIALS Thursday 832.55 Wednesday 818.43 Week Ago 802.67 LONDON DOLLAR PREMIUM Thursday 94 Vt to 95 Wednesday 94% to 95H H.K. HANG SENG Thursday 429.94 Wednesday 432.43 Week Ago 438.84 SYDNEY INDUSTRIALS Thursday 384.99 Wednesday63 words
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Page 7 Advertisements
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Advertisement146 1977-11-12 7 w»< **t.*rjt t«. *d>n "#»f ill KLM flies 5 times a week to DUBAI MONDAYS, WEDNESDAYS and FRIDAYS from Singapore. TUESDAYS and SATURDAYS from Bangkok. Mn ft v w KLM friendly, helpful, efficient, reliable. The sort of airline you'd expect from a wonderful country like Holland. KLM ROYAL DUTCH AIRLINES146 words
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COMMODITY REPORTS AND PRICES
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Article451 1977-11-12 8 IN THE Singapore rubber market yesterday, opening quotations were marked up one cent In response to slightly higher London advices but prices fell back on some upcountry selling. However, short-covering and speculative demand provided moderate support latterly which caused a slight hardening in values. Towards451 words
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Article31 1977-11-12 8 Rubber: Nov 11 1 Singapore: December 208.00 cent* (up 0.75 cent) Malaysia: December 208.00 cent* (up 0.50 cent) Tin: 11,790 (down $30) Official offering: 266 nee (down 32 tonne*)31 words
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Article308 1977-11-12 8 R A S prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f o b 207.00 208.00N 207.25 208.25N Int 1 R.S.S. Dec 207.75 208 25 208.00 206.50 Int. 1 R.S.S. Jan 200.25 200.75 200.50 210.00 Int.308 words
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Article113 1977-11-12 8 NOON SSR and SMR prices yesterday R.A.S. December January (Current Mth) (Forward Mth) Buyer* Seller* Buyer* Sellers (ccaU I «rkg) (cent* >er k() SSR 20 (1-ton pallet) 202 00 204 .OON 203.00 205.OON SSR SO (1-ton pallet) 199 50 201 50N 200.50 202.50N M.R.E.L.B. SMR 5CV (1-ton113 words
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Article202 1977-11-12 8 BANGKOK, Frl. Indicative prices for rice quoted today: (US dollars per tonne fob basts Bangkok): White Ric«: 100 pet Ist class 318. 100 pet 2nd 302. 100 pet 3rd 296. 5 pet 288. 10 pet 287, IS pet 284. 20 pet 281/25 pet 254. 35 pet unq. ~?r n202 words
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Article57 1977-11-12 8 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Nov 10 until further notice: Rubber 98 cents a pound Copra: $832 a ton Palm Kernel: 5235.25 a ton The rates of duties payable are:Rubber 17** cents a pound Total 22*4 cents Copra: $83.20 a57 words
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Article525 1977-11-12 8 BLACK pepper turned steady for the first time in many weeks In sympathy with the white grade amid a moderately active Singapore produce market yesterday. Sellers of the commodity were reported to be generally reserved and were holding back part of their sales in the hope of a525 words
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Article200 1977-11-12 8 LONDON, Frl. Coffee advanced £17 to £59 per tonne on volume of 233 lots. The official tone was "steady." Futures moved up with trade and commission houses on both sides of the market. Overnight gains in New York triggered demand. Terminal coffee values at mid-day ranged £97 to £36200 words
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Article69 1977-11-12 8 C.I.F. Rotterdam. US dollars per ton. LONDON: Thursday PtotUxm Malaysia S% ffa bulk Jan unch 420 sir Sumatra 5H (fa Nov unch 455 sir Dec 432 50/435 pd 435 sir Jan unch 430 sir Feb 427 50/435 pd 427 50 sir March 427 50 pds 422 50 pd69 words
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Article264 1977-11-12 8 THE Straits tin price In Pen&ng yesterday was down Ms3o to $1,790 on an official offering down 32 tonnes to 265 tonnes. In LONDON, yesterday, tin on the morning lost £37 for cash and £27 for Three Months standard while high grade fell £27 and £2 respectively. Dealers264 words
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Article154 1977-11-12 8 LONDON, Frl. Cocoa futures finished a short and thinly traded first call with losses against New York of £13 to £2 per tonne. Only 68 lots changed hands of which 40 were self trades. Dealers said activity was further dampened by the New York Veterans Day holiday. The sources154 words
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Article109 1977-11-12 8 HONGKONG, Frl. Cotton futures closed sharply lower In moderately active trading, following the higher than expected USDA domestic cotton production estimate of 13.8 million bales, dealers said. March and July were the only months traded, falling to new lows for the fifth consecutive day at U545.80 and 46.43109 words
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Article208 1977-11-12 8 YARN and cotton In Honfkonf dollars spot ex-godown: Cattaa Yara: China Blue Phoenix 20 s 1.860. 32 s 2.000. 40 l 2.100. (per bale of 400 Iba) Piece Goads: China Butterfly and Olobe Brand unq. Dragon Head una. Five Lamb* una. Flower and Butterfly unq. Flying Oeese unq.208 words
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Article101 1977-11-12 8 CHICAGO, Frl. Soybean futures registered small price changes at the close with the November up 1/2 cent a bushel and other months off two to 4% cents yesterday. Firm cash markets and the low level of farmer selling prompted some speculative buying, but prices later fell back on liquidation101 words
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Article94 1977-11-12 8 CHICAGO, Frl. Wheat futures yesterday posted gains of around one cent a bushel at the close. Much of the relatively light trade was evening up ahead of the USDA crop report, but speculative support was encouraged by extensive buying by an exporter. Corn futures were little changed at the94 words
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Article364 1977-11-12 8 IN THE shortened trading period under review, the market experienced mixed and uncertain conditions with values eroding by a further one cent per kilo. Turnover varied from fair to light and was mostly comprised of switches and clearing of positions, with operators currently seeking a364 words
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Article312 1977-11-12 8 LONDON, Fri. Copper wire bars finished the morning with gains of £4.50 for cash and £4.00 for Three Months. Dealers said the market was basically steady throughout the session In the absence of Thursday's heavy Japanese hedge selling. Prices softened briefly on the pre-market under light liquidation prompted by312 words
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Article192 1977-11-12 8 LONDON. Fri. silver finished the morning with gains of 2.0 to 1.8 pence troy ounce. Further strength In gold gave support during the morning with shortcovering taking Three Months up to 277.4 pence In the ring before profittaking shaded the advance. Sales were 58 lots. On Thursday, silver closed192 words
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Article360 1977-11-12 8 THE kllobar market In Singapore yesterday opened at 8812,964 and continued to rally throughout the day to close at a high of 8113,030. In the London market, the metal opened at U*****.30/50 and closed at 168.05/25 with good buying support in the afternoon. The London morning fix was U*****.15,360 words
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Article62 1977-11-12 8 LONDON, Fri. Zinc ended the morning ring £3 up for cash and £1 higher for Three Months. Dealers said the main feature was borrowing of cash, mainly by one quarter, possibly reflecting a technical tight nearby supply situation and prompting some covering. The contango traded from £2.75 on the62 words
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Article64 1977-11-12 8 LONDON, Frl. Lead gained £0.75 for cash and £1.50 for Three Months. The market held steady In rather quiet morning dealings with Three Months trading in a range £350 to £349 per tonne. Dealers said In the absence of fresh news, prices reflected a steady copper market. Warehouse stocks64 words
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MONEY AND EXCHANGES
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Article551 1977-11-12 8 THE JAPANESE yen yesterday reached another post-war high against the US dollar on the local foreign exchange market. Opening under thin trading conditions in the morning, the yen was quoted 246.90/00 to the dollar, and by early afternoon was dealt at 246.40/50. London, however, opened at 246.00/10 and after551 words
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Article45 1977-11-12 8 ACBC 7 S'I Algemenr Rank 7 7 Bangkok Bank HSBC 7 7 Bank of China Bank ofTokyo 7 M ilayan Banking 7 7 Bank Negara Indonesia OCBC OUB 6*4 7 Chartered Bank UCB 7 Chaae Manhattan DBS 7 UMBC UOB 7 745 words
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Article162 1977-11-12 8 Asian rates ASIAN currency deposit ratea at at close on Nov U interbank US Mian (8«tot) 7 days 1 mth 2 mths 3 mths a mths 9 mths 12 mths .•11/16 .8 3/4 7 1/M .71/* 7 3/1 7 7/1® .7 9/1# rn. l-'Hli 8 9/18 8 5/8 8 15/18162 words
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Article52 1977-11-12 8 RANGE of prlcea offered by dlacount house* on Nov 11 Overnight 3*4* Call deposit 3* to 3WS Clause 3-Month Treasury Mils 3-Month Bank bills 3-Month CD 8-Month CD Bayiac 8»Uia« 3 3/1# 3 1/18 4 7/a 4 3/4 3 1/2 3 3/1 5 7/8 5 3/4 Source: National Discount52 words
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Article102 1977-11-12 8 Euro rates LONDON, Frl. Eurodollar deposit rates eased in reaction to the latest US money supply data, dealers said. Trading was quiet. Dealers believe the reduction in the money supply should discourage further tightening of the Fed's monetary policy. Yesterday, Fed funds dropped to 6 3/8 per cent without intervention.102 words
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Article48 1977-11-12 8 RESULTB of tender held on Nov 11 for 91-day Treasury bills to be issued from Nov 14 to 18 Offered: (30 000.000 Applied for: 535.000.000 Allotted n0.000.000 Accepted Bid* M il approximately 28% higher bid* in full. Average rate ot discount on allotment 3 165%48 words
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Article185 1977-11-12 8 LONDON, Frl. Currency trading was subdued this morning reflecting market holidays In Europe and the closure of New York banks, dealers said. Sterling was firm around US$l.B2OO/08 with sentiment helped by the gradual return to work of British power workers and the possibility of area incentive schemes for British185 words
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Article138 1977-11-12 8 NEW YORK, Frl. The dollar closed lower against most major currencies yesterday In thin trading ahead of tomorrow's market closures here and in Europe, dealers said. Sterling closed over a cent higher at US$l.BlBO/8200 compared with the opening $1.8068/73, helped by dollar weakness and hopes that confrontation between138 words
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Article124 1977-11-12 8 HONGKONG, Fri. Commercial demand for US dollars in a relatively thin market saw the US unit firm to 2.2455/65 marks from 2.2425/ 40 in New York overnight, dealers said. The dollar was little changed against most other currencies, trading at 246.25/40 yen and at 2.2105/20 Swiss francs. Sterling also124 words
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Article101 1977-11-12 8 TOKYO, Frl. The dollar for overnight delivery closed at 246.40 yen, slightly higher than the 246.30 opening, but below the 247.35 at yesterday's close, dealers said. The Bank of Japan bought an estimated US$5O million to support the US currency, they said. Combined trading volume was $346 million. The101 words
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Article52 1977-11-12 8 ZURICH exchanges closing quotes on Nov 10 U8 2 2200-2210 UK 4 0351-0402 Can 1 9098-8074 W/Oerra 98 42-50 Neth 91 09-18 France 45.51 -55 Bel| 6.2470-2533 Denm 36 16-18 Norw 40 41-44 Swed 44.22-25 Italy 0 2523-2525 Austria l3.ai-«3 Port 5 4422-4715 Spain 2 0861-6688 Ar* 0 42-5252 words
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Article48 1977-11-12 8 AUSTRALIA/NZ exchanges quoted on Nov 11 AUSTRALIA US dollar 1 1275/1 1227 Slertlnf 0 8221/0.6148 ®all buying rata* sterling 0 S3BB US doHar* ***** forward bu^rmu.: US down ***** NKW ZEALAND: Stertlnx 0.5478/0 5448 US dollar 0 98M/VBBB4 Ninety-day forward rata*: Slertlnc 0 5966 US dollar 1.022748 words
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Article39 1977-11-12 8 FRANKFURT exchanges opening quotes on Nov 11 US 2 2497/87 Can 2 (000/28 UK 4 085/086 Neth 82.37/47 BwlU 101 48/56 Italy 2.964/981 France 46 06/19 Norw 41.00/10 Bel( con 6 340/390 Belf fin 6.33/34 Japan 0 9113/2339 words
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Article311 1977-11-12 8 Eurobond price* quoted an Nov 11 Straicfcu Bid Offer Nippon Pud Bank D8M (Holland )8* 87 BNDE (Brazil) 9K M Sweden 7*82 Sweden 8* 87 Walter Kldde 8 as Pemex 9 82 IU Overseas Finance 8 V, 87 New Brunswick 8 M Selection Trust SNM Flat 8 82 Hydro311 words
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Page 8 Advertisements
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Advertisement378 1977-11-12 8 BELLOW 1976 Nobel Prizewinner 1976 Nobel Prize Winner is at his best again in his latest book To Jerusalem and Back'. As with his recent best-seller 'Humboldt's Gift', Bellow's brilliant images emerge at frequent intervals like sunshine through fog, witty, clever, radiantly imaginative and without doubt, Bellow has become one378 words
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TRANSPORT AND COMMUNICATIONS
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329 1977-11-12 9 Reuter. HONGKONG, Frl. The Engineers International Association yesterday proposed that Governments of the world Impose sanctions on countries that encourage or cooperate with hijackers. The Association, after a meeting in Hongkong, said governments opposed to aerial terrorism should cooperate and take sternReuter. - 329 words
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301 1977-11-12 9 THE Port of Baltimore Bulletin, the monthly magazine published by the Maryland Port Administration, has been Judged best among port magazines entered in the Eleventh Annual American Association of Port Authorities Communications Competition. The first place award was announced at the 66th Annual301 words
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193 1977-11-12 9 UPI. TOKYO, Frl. The Transport Ministry will soon begin negotiations with South Korean Government officials on charter flight services requested by All Nippon Airways, Japan's second largest air carrier, sources in Tokyo said today. The move of the Ministry is unprecedented because thereUPI. - 193 words
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Article536 1977-11-12 9 TERESA LIM - By TERESA LIM AIRLINES should prepare themselves for a vastly changed competitive' environment, shifting more into charters and seeking more flexible accords within a route, advise the International Air Transport Association (lATA) In Its latest annual report. "If the intention of governments is to536 words
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807 1977-11-12 9 FT LOS ANGELES, Frl. Is America ready for a new era of costly space exploration? Are grudging US taxpayers recovering their zest for new adventures with NASA's (National Aeronautics and Space Administration) expensive toys on mankind's "last frontier"? Yes indeed, according to more andFT - 807 words
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Article, Illustration341 1977-11-12 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Annapurna (2300 42/43 Camellia (0800 tbc) 19 Cangshan (0500 tbc) 25/20 Cherry VUja (B. Barge) (2300) 48 Dong Mln (1500 46 King Lake (2300 tbc) 22 Kobe Maru (0700 tbc) 40/41 Mednorgosk (0600 47 Ocean Supply (B. Barge) (0500 tbc) 48 Seawood Endeavour341 words
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Article176 1977-11-12 9 UPI. NORFOLK, Frl. Thomas E. Gleason, president of the International Longshoremens Association, indicated yesterday that he is optimistic a contract agreement can be reached this weekend to end the union's strike against container ships along the East Coast. Within the next 72 hours,UPI. - 176 words
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205 1977-11-12 9 Reuter LONDON, Frl. The volume of world merchant shipping tonnage laid up due to lack of employment rose to 45.64 million deadweight tons or seven per cent of the world fleet during September, figures issued by the General Council of British Shipping Figures show. TheReuter - 205 words
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233 1977-11-12 9 Reuter MADRID, Fri. Spanish civil aviation workers yesterday decided- to go ahead with a throe-day pay strike today which could paralyse airports all over the country. They made the decision •iter inconclusive talks with transport minister Jose Llado, Labour sources said. About 10,000 airportReuter - 233 words
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Article161 1977-11-12 9 AP LONDON, Frl. Portuguese charterers attracted market attention yesterday by booking five vessels on a time-charter basis for transatlantic business. Tills mostly Involved transatlantic round voyages from European delivery points such as Lisbon, where the 26,000 dwt "Atlantic Mermaid" Was taken in spot position at $3,350 perAP - 161 words
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Article698 1977-11-12 9 1 ARRIVALS service uocmi Operator Number Tiat From KAL KE807 0015 SEL PAA PA005 0220 SFO/HKO MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0850 PEN MAS MH671 0945 PEN/KUL MAS MJK07 0900 KUL SIA SQ103 1015 KUL OIA GA980 1030698 words
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Article318 1977-11-12 9 FAR Eastern Shipping Company (Fesco) ia registered in Vladivostok and is one of the largest shipping companies of the Soviet Union. There are more than 250 modern ocean-going liners at the disposal of the company and among them are dry cargo vessels of various classes and318 words
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Page 9 Advertisements
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Advertisement164 1977-11-12 9 WgAd) 0 the 8 Steps to Health and Peace by Richard L. Hittleman (author of m yoga 28 day EXERCISE PLAN) Richard Hittlaman, tha moat widaly-raad author In tha world on tha aubfact of yoga, praaanta in thia book hit moat complata and in-dapth study of tha autyact to data.164 words
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Article, Illustration1280 1977-11-12 10 NYT. NEW YORK, Fri. It will soon be three years since the right was restored to American citizens to own and hold gold legally, but only recently has their Interest begun to approach the proportions that proponents of the authorisation had predicted early inNYT. - 1,280 words
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Article550 1977-11-12 10 Reuter LOS ANGELES, Frl. American car manufacturers have launched their strongest counterattack so far on imported cars, particularly Japanese ones which have bitten deep into the US market. Henry Ford, chairman of Ford Motor Company, said he wants to drive Imports back to the sea. General MotorsReuter - 550 words
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Article, Illustration1542 1977-11-12 10 DILIP MUKERJEE - THE size and shape of the 'common fund, the centre-piece of the Unctad integrated programme of commodities, is now under debate in Geneva, with the rich and the poor still as far apart in their approaches as ever. As Unctad's Secretary-General Gamani Corea1,542 words
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Article, Illustration1246 1977-11-12 10 NYT. NEW YORK, Frl. For more than 15 years, the American coffee Industry has maintained an influential and largely unpublicised position close to the United States Government officials who negotiate International coffee agreements, according to documents obtained by a House subcommittee. In 1975, for example,NYT. - 1,246 words
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Page 10 Advertisements
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Advertisement57 1977-11-12 10 NOW ON SALE at your regular bookshop. The phenomenal bestseller which has taken America by itorm 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 lists57 words
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504 1977-11-12 11 UPI. HONGKONG, Frl. After a long wait that would have sent many workers In other countries to the picket line, Miss Wang Ya-tl Is getting a pay rise. So are 100 million or more of the other Industrial and service workers InUPI. - 504 words
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285 1977-11-12 11 Reuter. KUALA LUMPUR, Frl. Malaysia feels that the proposed common fund for commodities should be used to support international commodity stocks within the framework of the International commodity arrangements. Primary Industries Minister Datuk Musa Hltam said the fund should also play a cataly ticReuter. - 285 words
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480 1977-11-12 11 AP WASHINGTON, Frl. New Zealand Prime Minister Robert Muldoon reaffirmed yesterday that his government plans retaliatory action against Japan unless that country provides Increased access to New Zealand's agricultural exports. Winding up a two-day official visit here, he said, New Zealand Is wearyAP - 480 words
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Article, Illustration375 1977-11-12 11 THE Talsei Automated Ice Plant (TAIP) of the Shimonoseki Port Fishing Cooperative Society in Shimonoseki City In the south-western part of Japan can produce 150 tonnes of 136-kilo Ice blocks a day and can store 1,300 tonnes of ice blocks with only375 words
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Article294 1977-11-12 11 UPI BANGKOK, Fri. Thailand appears to be going up In a cloud of cigarette smoke. The Thailand tobacco Monopoly, the only legal source of cigarettes in the country, now rolls out 64 million cigarettes a day. That represents for every Thai man. woman and child 1.5UPI - 294 words
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Article221 1977-11-12 11 TOKYO, Frl. Nonsmokers are organising In Japan, altering the Island nation's traditionally tolerant attitude towards tobacco puffers. Anti-smoking groups have started campaigns for smoke-free air In public places and are taking their crusade to the highest levels of government. In Sapporo, an anti-smoking campaign began In July and221 words
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Article120 1977-11-12 11 THE THIRD Annual Convention of the Singapore Association of Travel and Tourist Agents (ATTA) will be held at Pattaya Beach, Thailand, on Dec 14 and 15. The theme of the convention is Volume and Viability. All members of ATTA and non-members connected with the travel120 words
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Article, Illustration199 1977-11-12 11 A NEW Zealand specialist in a subject close to the Singaporean's heart, is here for a two-week visit. Mrs. Alison Hoist (above), a food specialist, will give lectures and demonstrations to various women's groups, associations and supermarket shoppers. Mrs. Hoist is an199 words
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Article95 1977-11-12 11 Reuter. MELBOURNE, Frl, There has been little evidence of an Improvement in consumer demand in initial retail sales this northern hemisphere winter, the Australian Wool Corp (AWC) said in its October "monthly perspective". However, the slackness in retail sales In October was partly due toReuter. - 95 words
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Article394 1977-11-12 11 EFFECT OF YEN RISE UPI, Reuter. TOKYO, Frl. The wholesale price Index In October declined 0.3 per cent over the previous month because of the yen's steep rise In value against the US dollar, the Bank of Japan announced today. The index for the month stoodUPI,; Reuter. - 394 words
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381 1977-11-12 11 Reuter TAIPEH, Fri. The continuous widening of Japan's favourable trade balance with Taiwan this year has again alerted economic officials here, trade sources said. Official statistics showed that the trade deficit of Taiwan with Japan In the first three quarters totalled U551,059 millionReuter - 381 words
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231 1977-11-12 11 AFP. TOKYO. Frl. Japan will check how multinational corporations consider demands that they stop bribery, unlawful competitive practices and Internal political Interference. The Ministry of International Trade and Industry (Mltl) said It will survey 600 forelgncapltallsed firms In Japan and 400 Japanese firmsAFP. - 231 words
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241 1977-11-12 11 A SHEFFIELD Chamber of Commerce trade mission of British tool manufacturers will be here from Sundav. The mission leader, Mr. A.Tr Carter, said before leaving UK that British toolmakers had lost out to competitors over the last few years, largely because of delivery problems.241 words
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Article309 1977-11-12 11 AFP. HONOKONO, Frl. The local controversy over habitual traders In stocks and shares being liable to taxation prompted an official explanation of the situation today. Stock brokers and businessmen recently claimed that fear of this taxation had kept money, especially foreign money, out of the currentlyAFP. - 309 words
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Article155 1977-11-12 11 UPI TOKYO, Fri. Japan's Kwerful trade unions have unched a nationwide campaign to boycott products of J.P. Stevens, a major textile manufacturer of the United States, a labour organlutlon reported today. The Federation of Textile, Garment, Chemical, Distributive and Allied Industry Workers' Union (Zensen) saidUPI - 155 words
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Article76 1977-11-12 11 UPI TOKYO, Frl. Trade between Japan and China totalled U552.46 billion (555.9 billion) on a customs-clearance basis for the January-September period of this year, up 6 per cent over the same period last year, the Japan External Trade Organisation (Jetro) reported today. Japan's exportsUPI - 76 words
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Page 11 Advertisements
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Advertisement206 1977-11-12 11 APPOINTMENT SL The Straits Group i The Straits Croup has an opening in its organisation for a Senior Management position: General Manager $***** to $***** per annum Responsibility The successful candidate will be responsible for overseeing the implementation of the Company's marketing program His other duties include sales analysis, development206 words
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849 1977-11-12 12 Agencies. BRUSSELS, Frl. Two top European Commission officials have accused the US of Interfering In negotiations to cut down EEC Imports of textiles from other countries. Sources named the two officials as Mr. Wllhelm Haferkamp, who deals with external affairs on the 13manAgencies. - 849 words
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Article104 1977-11-12 12 AP. TUNIS, Frt. The Arab nations threatened yesterday to retaliate against new Common Market restrictions on textile Imports from the Arab world unless the restrictions are withdrawn. A resolution adopted unanimously at a meeting of Industry ministers of the 21-natlon Arab League said the Common Market's restrictionsAP. - 104 words
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518 1977-11-12 12 THE Machine Asia exhibition and seminars this week have generate Investment Interest, said the organisers yesterday. Mr. Randle Theobald, director of Singapore Exhibition Services said the Malaysians, in particular, have several concrete deals under negotiation. Details of the projects were however not available. One Finnish518 words
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130 1977-11-12 12 UNITED Engineers (Slnga?ore) has been awarded a 14 million contract to construct a bulk sugar terminal in Port Louis by the Mauritius Government. The project, which is the first-ever in that country for the company, compromises the supply fabrication and erection of the major steelwork130 words
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Article798 1977-11-12 12 LONDON. Frt. Stock prices advanced In moderately active trading and at 3 pm the Financial Times Index was up 10 9 at 500 6 Market sentiment was aided by news that almost all power stations were working normally after the recent cuts, dealers said Government bonds added up798 words
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355 1977-11-12 12 AFP. BANGKOK, Fri. Thailand and Saudi Arabia are about to sign an agreement for Saudi Arabia to deliver crude oil at price* under world levels, the Thai Fuel Organisation reported today. The organisation, which comes under the Defence Ministry, said SaudiAFP. - 355 words
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Article71 1977-11-12 12 KUALA LUMPUR, Frl. Malaysia. Indonesia and Kuwait nave agreed to set up an oil refinery at Indonesia's Batam Island, the Minister of Science and Technology Tan Sri Ong Kee Hul said In Parliament yesterday. He said the proposed project. expected to cost about MsBoo million was71 words
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516 1977-11-12 12 UPI. TOKYO, Fri. Prime Minister Takeo Fukuda said today Japan's economic policymakers will hold an emergency meeting tomorrow to discuss ways to cope with the yen's sharp rise in value against foreign currencies and to cut its huge trade surplus. Mr.UPI. - 516 words
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Article216 1977-11-12 12 Reuter LONDON, Fri. Japanese car makers have promised a drastic cutback In their British sales for the rest of 1977. Motor Industry sources also said the Japanese Automobile Industry Association told the British Society of Motdr Manufacturers and Traders it will keep an earlier pledge not toReuter - 216 words
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Article84 1977-11-12 12 Reuter COPENHAGEN, Fri. A Danish diamond merchant yesterday announced plans to open a diamond exchange In Copenhagen soon to regulate prices. Administrative director Carl-Johan Thorup of Fine Gems Aps said diamonds sold in Denmark for Investment were priced between 25 and 50 per cent above internationally quoted levels.Reuter - 84 words
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594 1977-11-12 12 Reuter, AFP. NEW YORK. Frl. The rising international tide of Rrotectionlsm favouring igher tariffs, Import quotas and other measures threatens to Jeopardise international trade and Investment growth, the National Foreign Trade Council said. The council, a private, non-profit organisation of major US international companies, salt}Reuter,; AFP. - 594 words
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463 1977-11-12 12 AP. WASHINGTON, Frl. The US Securities and Exchange Commission yesterday accused Merrill Lynch, the United States' largest stockbroker, of securities fraud for promoting the sale of a stock without adequately researching the potential of the company. After a four-year investigation with more than 300AP. - 463 words
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255 1977-11-12 12 Reuter KUALA LUMPUR, Frl. Five countries who held the tin producer's preliminary technical meeting here this week have agreed on a systematic format to help calculate the costs of tin production, It was announced today. The secretary general of Primary Industries Ministry,Reuter - 255 words
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Article148 1977-11-12 12 PAN ASIA Shipyard and Engineering will deliver the first of four new harbour tugs to the Port of Singapore Authority (PSA) this morning according to schedule. With this tug, the PSA's tug fleet will increase to 17. The new tug "VST 1" measures 28.2148 words
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Advertisement114 1977-11-12 12 SEE PAGE 11 SEE PAGE 3 I H .A awv,-> £s<»~ ■v*» m r, ll *2 |f m ,f < a> -i X* 6% l r TSINGTAO one of die ten famous beer in China. Tsingtao beer is distilled from the sparkling mineral waters of Mount Laoshan in China. There's114 words
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