The Business Times, 11 January 1978
1978-01-11
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12
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The Business Times
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Title Section11 1978-01-11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, JANUARY 11, 1978 50 CENTS11 words
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BRIEFLY...
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Article61 1978-01-11 1 Reuter TEHERAN, Tues. Iranian crude oil production last month averaged 6.38 million barrels a day, and exports 5.43 million barrels. Figures released by the state-owned National Iranian Oil Company (NIOC) show both the export and output figures in December were the highest last year. NIOC's direct sales averagedReuter - 61 words
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Article66 1978-01-11 1 UPI SEOUL, Tues. South Korea this year will be able to fthance purchases of needed crude oil with earnings In West Asia. Government officials said today this year's crude oil purchases from West Asia are expected to total U552.24 billion (555.4 billion). Combined earnings from Korea's commodity exports andUPI - 66 words
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Article50 1978-01-11 1 AP TOKYO, Tues. Japan's more than 20 million women workers received wages averaging 130,000 yen (551,270) a month in 1976, about 56 per cent of the pay received by male workers, The Prime Minister's office'reported today. The difference was larger than In the United' States and Europe. APAP - 50 words
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Article66 1978-01-11 1 Reuter BRUSSELS, Tues. A US delegation, Including special trade representative Robert Strauss, members of the State Department and Industry representatives will pay a visit here this week to discuss steel. The delegation will review with EEC officials .the possibilities of cooperation, and will seek to understand betterReuter - 66 words
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Article62 1978-01-11 1 Reuter TOKYO Tues. Japan hopes to conclude a five year agreement with Vietnam next month to export about 200,000 tonnes of steel goods annually. Nippon Steel Corp said representatives of five major steel firms will visit Hanoi around Feb 20, and negotiations will follow to fix theReuter - 62 words
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Article65 1978-01-11 1 UPI LONDON, Tues. The US dollar opened relatively stable on European markets today, fractionally higher or lower on various exchanges In quiet trading. In Frankfurt the dollar opened at 2.1430 marks, down from 2.1503 at Monday's close. In Zurich the dollar was slightly higher, going from 2.0150 francsUPI - 65 words
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Article60 1978-01-11 1 Reuter TOKYO, Tues. The Japanese government will send an official team to Indonesia later this month for feasibility studies on an Indonesian project to build a chemical fertiliser plant In Sumatra. The project calls for construction of a plant capable of making 570,000 tonnes or urea annuallyReuter - 60 words
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Article50 1978-01-11 1 AFP RIYADH, Tues. Crude oil prices will stay frozen throughout this year, Saudi Oil Minister Ahmed Zakl Yamanl said here today. He said that some members of the Organisation of Petroleum Exporting Countries wanted an extraordinary conference on the subject but that a majority was against this. AFP.AFP - 50 words
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Article44 1978-01-11 1 UPI NEW YORK, Tues. Stocks headed slightly higher early today as bargain hunters found some blue-chip prices attractive following the market's five-day New Year plunge. The Dow Jones Industrial average was ahead 3.82 points to 788.38 shortly before 11 a.m. (1600gmt). UPI.UPI - 44 words
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Chief Price Changes
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Article126 1978-01-11 1 Rises Most active S T P 1975 850 Time# Pub 392 Pahang Cons 162 Lira Hoe 184 YH8 240 Coos Plant 460 Ktmpmi 388 Prima 232 G Ceramics 207 YHSMaia 153 +40 18 13 12 11 10 +8 +7 +7 +6 Pahauf Con 386,000 Haw Par 86,000126 words
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Article, Illustration164 1978-01-11 1 Rises Most octive H Malaysia 1.50 +.11 Pahang Con 460.000 tWl Lien Hoe 1.88 .10 O. Ceramics Berjuntai Pabanf Coo Kempaa Supreme Cory 7.45 1.01 3.96 2.07 .10 .08 .06 .05 Supreme Corp 136 000 flaw Par 75.000 Total Turnover: 2.15 M Prima 2.32 .05 Total Value:164 words
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Article, Illustration958 1978-01-11 1 JOHN TAN - OPPORTUNITIES FOR JOINT VENTURES By JOHN TAN RICE Importers affected by the new quotas imposed by Thailand will do well to consider other sources of supplies, such as the Philippines and the US. This will enable them to buy their supplies at the lowest prices958 words
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Article207 1978-01-11 1 A NEW factory In Woodlands to increase production of black-and-white television sets has been set up by United Electronic Engineering Corporation (UEEC), a Joint venture between the Wah Chang group of companies In Singapore, Mitsubishi Electric Corporation In Japan and several Taiwanese investors. Production plans for207 words
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Article471 1978-01-11 1 SOH TIANG KENG - •y SOH TIANG KENG THE SECOND five-year plan for the securities industry of Singapore will put more life into the stock market; The multi-million dollar plan will produce a newlook securities industry which will: Boost efficiency by use of a computerised central clearing house471 words
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Article398 1978-01-11 1 COLIN CHEE - •y COLIN CHEE A WEEK after the relaunching of fixed rate US dollar certificates of deposit, bankers estimate that between UBSISO million and US$2OO million (***** million and 9470 million) worth of CDs have been issued in the primary market. Despite this bit of news, however,398 words
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311 1978-01-11 1 Reuter BRITISH and Malaysian officials are sxpoctod to resume talks soon on the Malaysian overflying baa which has ■topped the new Concorde supersonic air service botwosn London and Singapore. A spokesman for the British High Commission in Kuala Lumpur said yesterday that the dateReuter - 311 words
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374 1978-01-11 1 MANO SABNANI - "y MANO SABNANI KINO'B Hotel at Havelock Road has been granted approval to construct a 20storey extension which will give the 12-storey hotel 143 more rooms. Construction work Is scheduled to start next m jnth and the extension is expected to be completed in about374 words
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196 1978-01-11 1 Reuter REPRESENTATIVES Of the world's major airlines flying the North Atlantic met In Geneva yesterday to try to set new fares to compete with the cheap Skytraln service of Britain's Freddie Laker. More than 20 members of the International Air Transport Association met toReuter - 196 words
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Page 1 Advertisements
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Advertisement30 1978-01-11 1 whatever you need in menswear,get it at... MOHAN'S DEFT. STORE (PTE.) LTD. 321, Orchard Road W *****22 (not to Mandarin HoM) Branch: 101, TwigNn Shopping Canti* 1M *****49 Daily 9am-9pm30 words
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Advertisement107 1978-01-11 1 '£1 .7 tW «i» ra w f t VI International Monty Market Brokers has vacancies for personable young Singaporeans, who have completed their National Service, to be trained as brokers In the foreign exchange markets, local money markets and International Asian currency deposit markets. Applicants with related experience will obviously107 words
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Advertisement58 1978-01-11 1 HB.I Orlat eel* top |144 a TOP •x«eatl*«s «r. a .t far frm crvwdsd PROFILE of tW ONE ta a billitm roew fry 7 INTERNATIONAL eoavoafcs g SHARE inftmatfca 1# SUPREME Corp ttnks up with DUFF Diiihfmimt doubim'.. UNION Mdu BEB darHlwiri— KEMOPAD 2. CROSSWORDS S, ABOtAIT SCHEDULE WEATHER ft,58 words
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Advertisement69 1978-01-11 1 Cool healthy pollution-free driving with AmAßuenu COOL. MASTER .CAR AIR CONDITIONER DBSDAIWAS MANUAL DBS nual 200 SINGAPORE AND MALAYSIA STOCKS Lr, DBS-DAtWA SECURITIES INTERNATIONAL LIMITED fOOIUM 517, DBS BUILDING, SHENTON WAT, S PORE 1 1/WE WISH TO SUBSCRIBE FOR COPY/COPIES OF DBS-DAIWA MANUAL SSIO.OO PER* PLEASE ADO 552.50 POSTAGE FOR69 words
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TRADE AND INDUSTRY
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Article, Illustration467 1978-01-11 2 TSANG SAU YIN - By TSANG SAU YIN HELI Orient, agent and distributor for three wellknown companies, Bell Helicopter, Brltten-Nor-man and Cessna Aircraft, made significant sales last year". According to Mr. Brian Woodford, managing director of the company, sales for 1977 rose 43 per cent to 9140.4467 words
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Article133 1978-01-11 2 SINGAPORE'S unemployment rat* hu Helton to all-time low of 3.2 par cent and the figure ia balow 30,000 for the first tima. The number registered at the Ministry of Labour's employment service at endNovember stood at sua,» decline af 550 from the previous month and133 words
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Article49 1978-01-11 2 Reuter ORINDLAYS Bank of Britain has opened a branch In Seoul. It Is the fourth British bank with a branch there, after Chartered, Lloyds and Barclays. There are 20 foreign bank branches operating there and about 10 more are expected to open business this year. Reuter.Reuter - 49 words
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543 1978-01-11 2 SALMA KHALIK - ■y SALMA KHALIK A RECENT management seminar has proved that top executive* are not indispensable In a well-run organisation. From Jan 8-0, 12 top Metro executives from general manager down were totally cut off from the four Metro stores which continued to run smoothly543 words
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Article134 1978-01-11 2 AFP FOREIGN car Imported into Japan last year totalled 41,505 vehicles, up 0.8 per cent over the previous year, taking only 1.1 per cent of the Japanese market. Figures released yesterday by the Japan Imported Car Dealers' Association showed that Volkswagen of West Germany toppedAFP - 134 words
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Article80 1978-01-11 2 WITHDRAWALS ot fundi from the Central Provident Fund for home ownership hat reached an all-time high of 147.8 million in November, much higher than the 127 million of the previous month. Figures prepared by the CPF ah— that the previous highest withdrawal for this purpose was in80 words
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255 1978-01-11 2 Reuter ABOUT 01.5 per cent of •mailer Japanese enterprises were prepared to continue exporting despite difficulties created by the yen's sharp appreciation since last September. The Shoko Chukln Bank, a semi-official bank for smaller Industrial and commercial enterprises, said of 211 companies surveyed, 65.6Reuter - 255 words
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Article96 1978-01-11 2 THE first venture the Red Coral Restaurant of the recently formed cooperative society of the Port Worker's Union will open for business on Sunday. The restaurant is at the Port Workers' Union House, Cantonment Road. Mr. V. Jayakody, the NTUC secretary for organisation, said yesterday96 words
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Article279 1978-01-11 2 Reuter TEA remains one of the most depressed agricultural commodities In international trade despite last year's record prices. Prices hit all-time high levels last year but were more than 15 per cent lower than at the beginning of the 1000s In real terms,Reuter - 279 words
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Article83 1978-01-11 2 PIONEER, the maker of hifi equipment, is introducing a new three-piece stereo set which it says will be reasonably priced. The new stereo, Rondo-5000, claims to have many features usually limited to more expensive models. Its main features are an output of 15 watts per channel83 words
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Article161 1978-01-11 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Jan 4-23 7,14 &21 9-30 9-16 9/12/2 9-30 16-20 Managing Conflict in Industrial Relations The Effective Secretary Industrial Application of Operational Amplifiers Managers and Information Systems S.D. Module m Elements of Industrial Engineering Energy Management Module 1 Contractors and erection all-risk161 words
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Page 2 Advertisements
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Advertisement288 1978-01-11 2 How well do you know your Australian Birds? Europe c andwh Qa mi ntastic >irus.Where en they go. Every week eleven Qantastic birds wing their way west to the major Middle East and European centres. Every one a Jumbo, with the generous proportions and unruffled service you'd expect from our288 words
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OVERSEAS
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Article156 1978-01-11 3 Reuter THE Trades Union Congress economic committee has been recommended to back a call for Income tax cuts totalling £2 billion (B*o billion) in the UK annual budget In a draft version of the TUC's annual economic review, union sources said. The committeeReuter - 156 words
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Article507 1978-01-11 3 Reuter TOTAL international borrowing in the third quarter fell to US$l5.3 billion (5535.3 billion) from 910.4 billion in the seeond quarter. The IMF, in its survey, said World Bank data shows that while borrowing by industrial countries dropped sharply to $6.7 billion from $8.9 billion, borrowingReuter - 507 words
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560 1978-01-11 3 Central bankers back long-term solution Reuter NYT CENTRAL banker* welcomed the latest U8 measures to support the dollar as representing progress towards stabilising foreign exchange markets. But they agreed, at their monthly meeting at the Bank for International Settlements In Basle, a longer-term solution to the dollar's problems lies inReuter; NYT - 560 words
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WORLD IN BRIEF
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Article464 1978-01-11 3 Agencies THE Swiss Bankers' Association has published a detailed version of the agreement On Swiss Bank's handling of banking secrecy and the acceptance of deposits. The agreement provides that the identity of customers must be reliably ascertained and that no misuse of banking secrecy is made. BRITAIN'SAgencies - 464 words
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195 1978-01-11 3 LONDON may go iWtd with the establishment of a market for ihtra option trading in April, If appro**] is put«d by tho Into Stock Exchange Council (L8BC). A apokeaman of tho Loaioi Stock Exchaage ■aid that piaaa for a L—6am market195 words
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Article80 1978-01-11 3 NEW orders received by West German manufacturing Industry rose by 0.5 per cent in November over October. The total new order Index In November stood at 1M (base 1970) against 105 In October (revised up from 164) and 158 In September. For foreign orders, the80 words
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319 1978-01-11 3 Reuter BRITISH money supply growth on a sterling M 3 basis probably slackened again In the December banking month. On an annua llsed basis, it was very likely within the government's growth guidelines of 9 to 13 per cent for 1977/78, monetary economists said.Reuter - 319 words
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209 1978-01-11 3 UPI TWO of America's "bit three" car companies have taken exception to the US ?:o»emment'i gloomy ore cast of a downturn In US car sales this year that could force the layoffs of 10,000 workers. General Motors and Ford Motor officials reaffirmed their year-endUPI - 209 words
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903 1978-01-11 3 LOOPHOLES HAVE TO BE PLUGGED Reuter NYT WALL Btrect financial analysts believe the triage r" price system for steel will reduce imports and allow the ailing domestic steel Industry to raise prices. The Treasury, however. Is still to release more data on the price system.Reuter; NYT - 903 words
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Article337 1978-01-11 3 SUBSIDIES to foreign steel producers are too small to have a significant influence on steel imports into the United States. A US Federal Trade Commission staff study, comes to this conclusion when It compares the steel industries of the United States, Japan and Europe. In considering337 words
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Article80 1978-01-11 3 Reuter THE Federal Reserve Board said preliminary estimates show the Fed's gross earnings rose US$26B million (8*820.8 million) or 4 per cent, to *8.80 billion last year. Fed will nay *5.94 billion into the US Treasury com- pared with *5.87 billion for 1078. Dividends to member banksReuter - 80 words
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Article96 1978-01-11 3 Reuter US NOVEMBER consumer instalment credit grew by a sejuonally adjusted UB*2R5 billion (8*8.89 billion) after a *2.83 billion rise in October. The Federal Reserve Board said extensions fell to *19.88 billion from *19.79 billion in October, while liquidations fell to *18.83 billion from *17.18 billion inReuter - 96 words
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Page 3 Advertisements
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Advertisement263 1978-01-11 3 3£oo extra Olivetti TCBoosystems reinforce banking services in Japan. Banks know whom to trust. The problem To achieve real-time automation of counter transactions in savings banks and in banking service departments of agricultural consortia in Japan. Also to administer other services provided by the consortia for their members, such as263 words
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Page 3 Miscellaneous
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Miscellaneous620 1978-01-11 3 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Qlri of note (5) Spot for the dog? (9) Fuel split an one's bat Is very nasty (7) M Big as Alfred? (5) 11 Novice at church holding the door (5) 12 Rings, since one's pals have hidden the key (5) 13 How620 words
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RAW MATERIALS
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Article460 1978-01-11 4 OPENING quotations yesterday were 1.25 cents lower in the Singapore rubber market, following lower London advices. However, the market managed to recover and closed at the morning's high. Reserve of sellers, good demand for nearby position together with some enquiries for April/ June 1978 aided460 words
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Article305 1978-01-11 4 Prices In cents per kilo yesterday. Noon (per kilo) Close (per kilo) Int. 1 R.S 8 prompt r.o.b. Int. 1 R.S.S. January Int. 1 R.S.S. February Int. 2 R.S.S. UK/Cont. Int. 3 R.S.S. UK/Cont Int. 4 R.S.S. UK/Cont Int. 5R.S S UK/Cont. Buyers 198.00 199 25 200.00 197305 words
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Article92 1978-01-11 4 NOON 8SR and SMR price* yesterday: RAS February (Current Mth) Buyer* Seller* March (Forward Mth) (emUferkg) (ee. taper kg) SSR20 SSR50 (1-ton pallet) (1-ton pallet) 192.SO 190 SO 194.SON 192.50N 193.50 191.50 195.SON 193.SON MRELB I SMRSCV SMRSL SMR 5 SMR 10 SMR 20 SMR SO (l-ton92 words
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Article68 1978-01-11 4 C.I.F. US dollars per ton. LONDON Malaysia 5% ffa bulk Feb Sumatra 5% ffa Jan Feb March April May/June Nigeria 5% f la bulk ROTTERDAM Sumatra Feb Zaire (Belg francs per kilo) Monday 485 sir 525 sir 515 slr/512.50 pd 497.50 482.50 477 50/480pd unq 515 slr/512.50 pd68 words
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Article30 1978-01-11 4 Rubber: Jan 10 Singapore: February 201.50 cents &p 2.25 cents) alaysia: February 203.25 cent* (up 2.25 cents) Tins: $1,710 (up 120) Official offering: 238 tonnee (up 3 tonnes)30 words
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Article371 1978-01-11 4 SUOAR futures In Hongkong closed slightly firmer yesterday In quiet trading, with gains of US0.01 to 0.07 cents. Trading was confined to light trade house buying. Turnover rose slightly to 14 against Monday's 10, while open positions were 112 after Monday's trading. The Hongkong dally spot sugar price371 words
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Article83 1978-01-11 4 WHEAT futures In Chicago on Monday closed 3/4 cent a [bushel lower to 1/4 cent higher at the end of a light trade. Prices moved in a three cent range, mostly to the downside, during the session. Professional buying encouraged some early speculative support but the market eased on83 words
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Article511 1978-01-11 4 PRICEB held generally n qulet fading at the Singapore produce nmrtcet yesterday. no fre#h ln qulrles from the major consumer countries. About 1,000 tonnes of copra arrived from Sabah to meet the backlog of past contracts. As for physical quantities, small lots of five te n tonnes were511 words
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Article160 1978-01-11 4 COFFEE futures closed the morning In London yesterday "slightly steadier" but £42 to £23 up from Monday's close. Volume totalled 1,221 lots Including ten options. Most Months closed at or near end-session highs. Spot Jan gained £42 at £1,977 after trading at a high of £1,979. Both March and160 words
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Article199 1978-01-11 4 BANOKOK rice prices were quoted as follows yesterday: (Prices In US dollars per tonne fob basis Bangkok) WWW Utem-. 100 pet Ist class 306 100 2nd class 350,100 pet 3rd class 345 l*t 336. 10 pet 3». 15 pet 317, 20 pet >14. 25 pet 312. 35 pet unq199 words
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Article106 1978-01-11 4 SOYBEAN futures In Chicago on Monday lacked direction In the day's light trading and ended narrowly mixed, 2* cents a bushel higher to two cents lower. Trading was confined to a narrow price range in a market lacking upward impetus but devoid of heavy selling pressure. The low level106 words
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Article176 1978-01-11 4 TERMINAL sugar In London yesterday opened £0.10 up to £0.35 per tonne down from Monday afternoon's closing levels and turnover totalled 148 lots. Dealers said the market was initially steady but quiet with no news to stimulate fresh interest. Market reports that Bahrain paid 9255.50 per tonne C and176 words
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Article150 1978-01-11 4 TERMINAL cocoa yesterday finished a thinly traded first call £0.50 per tonne higher In London from Monday night to £7.50 lower. The market recorded an Initial advance against New York of £5.50 basis near March at £1,727 but prices slipped back in scored 1c Jobber activity. Cocoa futures closed150 words
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569 1978-01-11 4 Reuter BRAZIL has a fair chance of a further record soyabean crop in two or three months from now with planting almost complete. Trade and government sources expect an Increase in the crop of about one million tonnes to slightly over 13Reuter - 569 words
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Article249 1978-01-11 4 THE STRAITS tin price In Penang yesterday rose another M 920 to 91,710 per plcul, on an official offering up slightly by 3 tonnes to 238 tonnes. Overnight firmer sentiment at the London Metal Exchange, and the further strengthening of sterling against the Malaysian dollar boosted the price,249 words
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Article279 1978-01-11 4 COPPER wlrebars finished the morning In London yesterday with losses of £1 for cash and £1.50 for Three Months. The market remained subdued in the absence of fresh trading incentives with values holding barely steady during moderate two-way ring dealings between £885 and £683.50 for Three Months. Sales of279 words
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Article223 1978-01-11 4 SILVER showed gains of 2.2 to 2.0 pence per troy ounce In London yesterday. Values were marked modestly higher at the outset of the pre-market following the overnight gains at New York, dealers said. Prices advanced further In sympathy with the trend in gold with Three Months trading up223 words
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Article366 1978-01-11 4 FOLLOWING strong trade and commission house buying support in New York on Monday night, the kllobar in Singapore yesterday opened *****.00 higher at 5513,093. The market fluctuated In a narrow range of 8530.00 and closed at 5513,065. In the loco London market the metal opened at U*****.50/ 80 and366 words
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Article58 1978-01-11 4 LEAD finished the morning in London yesterday with gains of £5 for cash and £3 for Three Months. Dealings were brisk at 4,300 tonnes. Three Months traded up to £368.50 before profittaking pared gains. On Monday, lead lost £2 and £0.25 for three months. The market wax during the58 words
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Article60 1978-01-11 4 ZINC closed the ring in London yesterday basically unchanged from previous ring levels. This metal was featureless with modest chart selling finding light shortcovering support which was prompted by the generally steady trend in base metals. Sales of 1,850 tonnes were about half carries. On Monday, zinc finished with60 words
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MONEY AND EXCHANGES
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Article554 1978-01-11 4 THE FOREX market yesterday was extremely dull with rates barely moving In the absence of news. Local money, too, lapsed into easy conditions and rates moved only very slightly downwards during the course of the day. The most active currency was the yen which showed some fluctuation during554 words
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Article55 1978-01-11 4 ACBC First rklMM Algemene Bank Citibank Bangkok Bank 7 HSBC 7 Bank of America 7 7 Baak of China Bank of Tokyo 7 7 Malayan Banking Mitsui Bank 7 7 Bank Nafara Inrinnaaia 7 OCBC OL'B •H 7 Chartered Bank 7H UCB 7 Cha»e Manhattan DBS 755 words
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Article145 1978-01-11 4 Asian rates ASIAN currency deposit interbank rate* u at clow at Jan 10: US MkrK%«) Offer Bid 7 day* 71/« 1 1 mth 71/4 7 1/6 Zmth* 114 71/4 S mth* ..71/2 7 3/6 tnllu 713/10 711/16 6 mth* 713/18 711/16 12 mth* 77/» 7 3/6 8w.Fr*. DM. 1 mth145 words
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Article55 1978-01-11 4 Euro rates EURODOLLAR deposit rates In London yesterday opened narrowly higher, reflecting a further firmness In short term US Interest rates. Overall trading was quiet. Time deposit rates averaged 1/16 poli.» gains but tne four-month rate was around 1/8 higher because of a Friday finish technicality. Rollover and Far East55 words
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Article151 1978-01-11 4 THE DOLLAR showed modest gains against Continental currencies while sterling was well maintained In quiet opening trading, yesterday. Operators said the market is cautious and trading Is thin In reaction to the near-chaotic conditions prevailing last week following the surprise about-turn In US dollar support tactics. Some operators also151 words
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Article53 1978-01-11 4 AUSTRALIA/ NZ exchanges on Jan 9: AUSTRALIA US dollar *****/ 1.1943 Sterling 0.5965/ 0 5699 Ninety-day airmail buying rates Sterling 0.6110 US dollar ***** Ninety-day forward buyinc rate* Sterling 0.5917 US dollar 1.1319 NEW ZEALAND: Sterhne 0 5921/ 0.5193 US dollar *****/ 1.0124 Ninety-day airmail buying rates: Sterling 0.541653 words
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Article59 1978-01-11 4 ZURICH exchanges closing quqtes on Jan 9: US 2.0190-0170 Stf 3 8706-8813 Can 1.007-6407 O Mk 83 8066-1411 D F1 67 6975-6667 T Fr 42 57(7-6912 B Pr 6 0666-0673 D Kr 94 4675-5706 N Kr 96.6109-7016 S Kr 42 6833-7661 Ut 0.2903-2906 Aul ich 13 0647-1276 Port 459 words
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544 1978-01-11 4 AP THE UNITED Nations may be dollar poor, but It is rich in Bovlet rubles, Chinese yuans and other communist currencies. In fact, one of Its major preoccupations these days Is to find ways to unload millions of dollars worth of communistAP - 544 words
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Article218 1978-01-11 4 THE DOLLAR on Monday closed mixed in relatively quiet trading, with the mark and Swiss franc stronger and sterling slightly weaker. The market remained stable throughout the day, with rates fluctuating in a narrow range, as operators were reluctant to take on large positions due to uncertainty over218 words
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Article120 1978-01-11 4 THE US dollar closed steady against most major currencies in light trading yesterday. A narrowing of quotation spreads and only small rate fluctuations during the day demonstrated a generally calmer market here after recent turbulence, dealers noted. The dollar was quoted unchanged from its New York closing level. However,120 words
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Article90 1978-01-11 4 THE DOLLAR for overnight delivery yesterday closed at 241.60 yen, up from a 241.50 opening but down from 241.90 at Monday's close. No Central Bank Interventions was detected. Trading was thin with volume ROl million. After opening slightly lower, reflecting the yen's overnight strerath abroad, the dollar held close90 words
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Article36 1978-01-11 4 FRANKFURT exchanges opening quotes on Jan 10: OS 2 1410/16 (2.147V90) Cm I.MMI mm 11 ii/Ta Ofl llJMI Lit 2 441/463 rrr«.»M Nto 41. IMS Btr eon 6 456/470 Bfr fin 6.4/47 Yen 0 6875/9536 words
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Page 4 Advertisements
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Advertisement9 1978-01-11 4 v..., wr Em H 'vJ Cooked Specially For You9 words
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TRANSPORT
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408 1978-01-11 5 PAKISTANI international Airlines is seeking a commercial agreement with Air Canada or CP Air to Stable it to operate flights Canada. The company's managing director Anver Oamal said although Pakistan and Canada have a bilateral air agreement which provides Pakistan with access to Montreal,408 words
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198 1978-01-11 5 AFP JAPAN'S shipbuilding industry continued to decline last year largely because of the dwindling demand for large tankers. The Kyodo News Service in a survey, said Japan's seven major shipbuilders, accounting for nearly 60 per cent of the national output, last year launched 270 shipsAFP - 198 words
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Article69 1978-01-11 5 Reuter SALES of US general aviation aircraft mostly individual and corporate planes reached a peak for the sixth consecutive year, and 1978 promises another record. The US General Aviation Manufacturers Association president Edward Stlmpson said 16,902 general aviation planes valued at U851.5 billion (553.6 billion) were deliveredReuter - 69 words
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Article, Illustration677 1978-01-11 5 RAHIM KASSIM - By RAHIM KASSIM LOCAL shippers and liner operators have been able to maintain their maritime trade with West Asian countries despite the in* creasing competitiveness. Main items of exports to West Asia are still construction materials Including timber and plywood. Edible oils also677 words
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Article986 1978-01-11 5 THE market is showing some activity especially In shipments to and from Bangladesh. A vessel Is loading 9,000 tonnes of rice from Bangkok to Jakarta at U5512.50 per tonne. Owners/agents having vessels returning from West Asia are requested to advise the exchange on positions for possible affreightment986 words
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Article, Illustration355 1978-01-11 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge AK 1 (0700 after Alaskan Mall) 6/7 Bunga Blndang (1500 after Kobe Maru Subject Freeboard) 19 Cecllle Maersk (after Alaskan Mall) 8/9 Centaur (1330 after Aegis Cosmic) 44 Cherry VUJa (B. Barge) (after Ocean Supply Sails) 48 Dong Yun (after Selzan Mam)355 words
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142 1978-01-11 5 AFP THAILAND'S national flag .carrier. Thai International, operated two experimental flights over Vietnamese Airspace to Hongkong. A spokesman for Thai said yesterday the flights over Ho Chi Mlnh City (formerly Saigon) along the route opened before the fall of Saigon In April 1975 wereAFP - 142 words
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Article169 1978-01-11 5 AP SOVIET and Chinese grain fixing featured prominently in busier chartering on the London freight market on Monday with a healthy volume of business In both single-voyage and time-charter sectors. Olenas covered 57,000 tons of US Gulf grain for the Soviet Black Sea aboard the January shipAP - 169 words
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Article737 1978-01-11 5 ARRIVALS Q. r 1 I, OVflOl Operator Numbs I Local r Time fran TMA TL304B 0630 TPE MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ10I 0815 KUL MAS MH621 0835 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL OIA OA 980 1030 HLP CPA737 words
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Page 5 Advertisements
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Advertisement347 1978-01-11 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Call us for your local or onward reservctions \T from Penguin Li i r j i IN PENGUINS I i Yukio Mishima firmly upheld the traditions of Japan's imperial past which he believed were being slowly eroded by Western materialism. Disillusioned347 words
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Article514 1978-01-11 6 BEFORE the week Ls out the United States and Japan will have signed an agreement by which the Japanese will go some way to liberalising Its Imports of American agricultural produce and manufactured goods from other countries. While admittedly this ls a welcome step,514 words
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257 1978-01-11 6 THE PROJECTED increase in Singapore tourism over the next five years and the fact that local hotels have been creaking at the seams for some time now make It obvious why so many new hotel projects are being put up. The new hotels on the257 words
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Article, Illustration1870 1978-01-11 6 The Singapore Manager MOST SINGAPORE managers are still men. The youngest in this survey Is 30, the oldest, 53, and the vast majority In their late 30s to middle 40s. It Is significant that most If not all of the managers surveyed lamented1,870 words
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Advertisement648 1978-01-11 6 w* v iiiiisL 0 .?i >"-v V--1 ft V< *1 Tfc*- s *j ■Ml Mi 585 Orchard Road, B'pare 9. Tel: *****2 406/407 Havelock Road, S'pore 3. Tel: *****1 Orcchid inn "tn oatit in th# ortant" 214 Dunearn Road, S'pore 11. Tel: *****2 %P Oxley RW Penang Road. S'pore 8.648 words
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Page 6 Miscellaneous
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Miscellaneous65 1978-01-11 6 rWEAT.HERI WEATHER outlook for Singapore from 6 a.m. to noon today: Cloudy voith isolated slight rains REPORT for 24 hours prior to 7.30 pm on Jan 10 at the airport. Maximum Temperature 25.6° C Associated Humidity 96 Minimum Temperature 22.50° C Associated Humidity 100 Hours of Sunshine nil Rainfall in65 words
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Miscellaneous259 1978-01-11 6 TV RADIO SINGAPORE 5 300 P.M. Opening announcements followed by 'Serbanika' (Malay Repeat)* 3.30 Diary of events (Malay) 3.35 Horizon 'Pedal Power' (Repeat) 0 4.25 Intermission 6.00 Opening announcements followed by 'Electric Company' 6.30 News in Brief 0 6.35 Last of the Wild 'Kangaroo' 0 7.00 Samudra (Malay) 0 7.30259 words
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Article, Illustration1349 1978-01-11 7 DEMA KLEIMAN - iy DEMA KLEIMAN NYT JOHN D. MACARTHUR, the Florida Insurance magnate'and real estate billionaire believed to be one of the world's richest men, played his final poker game on Jan 6, but the stakes were for once too high for himNYT - 1,349 words
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Article, Illustration430 1978-01-11 7 MANY STOCKBROKERS here are -exempt from the usual legal requirement to submit their accounts to the Registry of Companies for filing, because they are private companies. Most naturally prefer to be secretive about their performance. Lyall and Evatt, however, has been one commendable exception to this430 words
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855 1978-01-11 7 DR JUZAR MOTIWALLA - FOBOMi f ...on management L 4 •y DR JUZAR MOTIWALLA Dr. I ii MHliitl Is a lecturer ia Ik* Buslaess University of A GROUP OF twenty three executives from different departments of a large manufacturing concern were asked to read a case study about a855 words
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Advertisement132 1978-01-11 7 > t S5 <' I Ife i I 1 i 'fast A J t m M <S* a 3* HOTEL MERLIN SINGAPORE 7500 Beach Road, Singapore 7 Tel: *****11. MING COURT HOTEL Tangiin Road, Singapore 10 Tel: *****3. HOTEL MIRAMAR 401 Havelock Road, Singapore 3 Tel: *****2. HOTEL NEGARA 15132 words
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INTERNATIONAL STOCK MARKETS
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Article369 1978-01-11 8 HONGKONG: The share market closed slightly weaker yesterday tn slow trading with sentiment depressed by Wall Street's overnight setback on fears about higher US interest rates, dealers said. Hoag lUag Bank and Jardiaa Math—— both eased 10 cents to 110.80 and $11.10 respectively. Hutckiaoa Whampoa shed five to 53.55369 words
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Article434 1978-01-11 8 TOKYO: Share prices fell on profit taking and liquidations in leading issues, reacting to last week's rapid rise, dealers said. The market average fell 26.24 to close at 4.968.49 with volume 240 million shares. The Tokyo stock exchange index closed at 370.71, down 1.55 Export orientated electricals and cameras434 words
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Article387 1978-01-11 8 SYDNEY: The market retreated yesterday on selling pressure except golds where Central Norseman rose 20 cents to AJ7.50. dealers said. The Sydney All-ordinaries Index dropped 4.58 points to 467.11 BHP dropped two cents to $5.50" with the Bank of NSW down eight to $5.30. Pioneer Concrete shed four to387 words
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Article122 1978-01-11 8 MANILA: The stock market closed higher yesterday with all sector averages gaining and turnover Improved sharply to 4.52 million pesos from Monday's 1.73 million, dealers said. JAN 19 Pesos Acoje Mlnlnf 0098 unch AUuCon A 14.70 +0.1 Atlas Con B 15.10 ♦0.5 B&gulo Ootd .008 -0 001 BenguetCon B122 words
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Article140 1978-01-11 8 JAN 19 Bants Asia Fibre 264 -1 Bangkok Bank 303 un ch Bangkok Invest. Bangkok-Metro-3030 +2 politan Bank 0 Bata BerllJucker 514 +10 Charoong Thai Wire 318 -2 Duroex Duslt Thani 311 +7 Faber Merlin First Trust 322 +2 Oenera Finance 330 4-5 Indo-Thal Industrial Finance Corp 2175 -30140 words
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Article242 1978-01-11 8 AMSTERDAM: Pric«s closed weaker on Monday led by Royal Dutch, following the sharp decline on Wall Street, dealers said. JAN OB Ill Ahold 08 20 -1.3 Akzo 23 00 -01 Algbank 322 00 -4 AMEV 73.70 +0 2 Am fas 98.10 -0 4 Amrot Bank to 90 -1.3 Berk242 words
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Article102 1978-01-11 8 BRUSSELS: Belgian share prices were lower In quiet trading on Monday, bourse sources said. JAN a ft* 1 KIT Acec 279 -5 Arbed 1900 130 Ajtur 472 12 Brajcan 453 •1 Bru-Latnb 1480 -14 Canpac in -a Cock 360 unch De Bc«ra 164 ♦1 Eb»s 2335 5880 +5 Eleclrobel102 words
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Article215 1978-01-11 8 FRANKrURT: The market closed narrowly mixed on Monday after some early gains were eroded in quiet trading, dealers said. JAN Dm Aet-Telefunken Akzo All* Leben Altz Ven BASF Bay HT Wbank Bay Vbank Bayer BBC BMW Caasella Chem Verw Commerxbank Contl Oummi Daimler-Benz Degussa Demac Deutsche Bank Dread ner215 words
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Article284 1978-01-11 8 PARIS: Shares firmed on Monday following Prime Minister Raymond Barre's speech at Blots this weekend on the governing majority's election packace and due to the division between the French socialist and communist parties, dealers said JAN m CORBEILLE Air-Uquld* 241 BSNOcrvU* 1.1 Otnone 370 IS C 8 F (ThooiaonCif)284 words
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Article108 1978-01-11 8 MILAN: Stocks closed easier In very thin trading on Monday. Influenced by continuing political and business uncertainties. dealers said. JAN Lin Ante 114 •1 Auoc Oen wooo r 130 Butoci 346 ■4 Ontrmle n»t ins -15 FlnsMJer M SO -2 5 Oen Immob 73 n -1 2S in Prt108 words
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Article314 1978-01-11 8 JOHANNESBURG: Ookts dowO mixed after quiet trading on Um lover London bullion price on Monday, dealers said JAN Rant 1 mximuu A Alpha Abercom A£ And CI AM1C Barlow* SST 1 Cum* Finance DeBeertlnd Edcon ■dear* Eveready Fed Volk Fuglt Oardian Oienanl Orate inn Hippo HJeeld Hulett* Libert]' Lonrho314 words
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Article201 1978-01-11 8 ZURICH: The market was mixed in light trading on Monday influenced by the unsettled currency situation, dealers said. The Credit Suisse Index fell 0.4 point to 245.30. JAN M France Action*Suiaan Brown bow? Br. ObaOeto Br CibaOeigyPC Clba Odsjr Rm Credit Bullae Br Credit Bulaee Ref Bektrowatt Br. Oeorfe201 words
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Article251 1978-01-11 8 TORONTO: Share prices closed sharply lower In active trading on Monday. All indices were lower except transportation. Media issues recorded their largest single day's decline and metals were at their lowest level since Nov 1. The Composite index dropped more than 10 points and declines outpaced advances 361 to251 words
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Article864 1978-01-11 8 NEW YORK: Stock prices plunged across the board on Monday (or the fifth session tn a row. reflecting mounting Investor concern over rising Interest rates The setloff began Immediately after the opening bell, with investors responding to the Federal Reserve Board's decision announced late Friday to lift the864 words
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Article60 1978-01-11 8 FINANCIAL TIMES INDUSTRIALS Monday 491.7 Friday 497.3 Week Ago 475.3 DOW JONE8 AVERAGE INDUSTRIALS Monday 784.58 Friday 793.49 Week Ago 830.11 LONDON DOLLAR PREMIUM Monday 88*to88H Friday 68 v, to 89 H.K. HANG SENG Monday 391.90 Friday 394.82 Week Ago 422.40 SYDNEY INDUSTRIALS Monday 412.80 Friday 414.71 Week Ago60 words
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COMPANY NEWS
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Article672 1978-01-11 8 EUROPEAN COMPANIES ON turnover, excluding VAT of £1.1 billion compared with £885.3 million. Allied Breweries raised pretax profits by £14.2 million to £77.2 million for the year to Sept 24, 1977. In June, reporting an £11.5 million increase to £39.4 million for the first 32 weeks, the672 words
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Article84 1978-01-11 8 Reuter THE West Oermany Finance Ministry has asked the Upper House of Parliament to approve the Introduction of 10 more shares for call and put option trading, a ministry official said. Once this is done, option dealings in the stocks can begin on April 1, heReuter - 84 words
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Article62 1978-01-11 8 BAYER Ag US subsidiary Rhlnechejm Laboratories inc said it received '5.35 million shares, or over 07 per cent of the outstanding common shares of Miles Laboratories Inc in a tender offer that expired on Thursday. It said it had already purchased 4.82 million of the shares by62 words
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Article58 1978-01-11 8 A FURTHER day of industrial action at all Mlchelln plants is planned for Jan 12 in protest against company plans to introduce regular weekend working, union sources said. The form and length of the action will be decided on by each plant, they said, adding that brief work stoppages58 words
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Article460 1978-01-11 8 ICL expects an improvement in Its unprofitable North American activities in the current year. Mr. T.C. Hudson, chairman, says in his statement with accounts. He says ICL products are now marketed in some 80 countries with operations generally profitable In all areas but460 words
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Article93 1978-01-11 8 NORTH AMERICAN COMPANIES OETTY Oil Co said Its subsidiary Oetty Oil International (Congo) Inc and three other firms Joined with Hydro-congo, state oil company of the People's Republic df the Congo, have acquired deepwater exploratlor rights In the Atlantic off the Congolese Coast. Qettv said the permit93 words
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Article132 1978-01-11 8 Reuter XEROX Corp. has announced price adjustments, both up and down, for a series of Its copiers. Xerox reduced trie sale price for the 000 tabletop copier to UB$l,9OS from 02,190, but increased rental prices an average of 7H per cent on the 000, 720, 813,Reuter - 132 words
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Article26 1978-01-11 8 UAL Inc said It agreed in principle to acquire the Mauna Kea Beach Hotel In Hawaii for U8951.5 million from owner-developer Laurance S. Rockefeller.26 words
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Article89 1978-01-11 8 MERRILL Lyneh and Co said it is raising its retail commission rates by seven per cent. The company said the Increase, its first in two years, reflects the adverse impact of inflation which Increased operating costs. A spokesman said that on a typical trade of 100 shares of89 words
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Article98 1978-01-11 8 ASIAN COMPANIES THE Pakistan National Development Finance Con is seeking two loans totalling UBSI6 million from the Eurodollar market, a spokesman said. He declined to reveal the purpose of the proposed loans but told Reuters the corporation is seeking to raise them in London. The corporation, which provides98 words
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Article54 1978-01-11 8 NIPPON Electric CO (NEC) said Cle Internationale Pour L'lnformaUque-Honeywell Bull (CII-HB) of France has approached NEC with a plan to sell NEC's large computers in European countries under the brandname of CII-HB. NEC however denied a local press report that a sales tteup arrangement will be reached shortly54 words
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Advertisement167 1978-01-11 8 r rti MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASIA RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide Do the latest developments that hove taken ploce in all important sectors of the economies of countries in East and Southeost Asia. The Bulletin167 words
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Page 9 Advertisements
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Advertisement704 1978-01-11 9 I "My editorial philosophy: Good stories don't come to you, you have to get out and find then L Roy Mackie, Editor, Business Times 4 mm k,-*\ M lVc worked for some hard-nosed News Editors in my time. The most fearsome of them all was known to use his boot704 words
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Article1124 1978-01-11 10 BID aad otfrn prioee »t li.ted Ud ka™. lTaad tt ftlnfc tlftlMI W Maaa traded ilwwi l» ou «f l.Mt —if tea SNhM Contracts art fMtMl ite ik« world "8ett". Big Beard SmIb (la lata at 2,888 uaita) are quoted after the letters BB. 8KTION ONE INDUSTRIALS1,124 words
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Article1316 1978-01-11 10 BID aad offer prices officially litted aad bueiaeaa ia aad reported to the Kuala Lumpur Stack Exchange yesterday with the a umber ef shares traded ■howa la bracket* in IoU of 1,400 uaita uaieaa otherwiae specified. INDUSTRIALS Aema (1.378) Alinemete (2.158) (3) 2.15. Aleen (1.918 1 938)1,316 words
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Article49 1978-01-11 10 STRIKING price* of the tock options officially listed on the Stock Exchange of Singapore, the periods, bid'and offer prices and business done yesterday, with the number of options traded shown in brackets. kchcape (March $2.10) (0.138 0.15S): (0 I 40B) fOB (MarCh (0.05B): (M Ch ",3 <K)I49 words
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Article151 1978-01-11 10 SINGAPORE UNIT TRUST INCOME BOND UNIT tMiiimi' prtam hr Ju 11) IVWTW p INCOME BOND rise*) The Commerce 1.7» l.M l.M l.M The Saving Fund I N 1.15 S pore Proc Fund 0 13 0 M *AJU BUMVimU FUND S pore Security l.M 1.72 First Bumlputra 11 iMJaslI)151 words
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Article82 1978-01-11 10 4 3/4* 1/5/79 (250.000) (100.538 100.688) 5 1/4* 15/19/79 (250,000) (100.988 101.158) 5 J/4* l/t/78-89 (250.000) (101.00B) 4 3/4* 15/9/89 (250.000) (99.358 99.508) <»®.ooo) f*01.50B) ,5/4/81 (250 000) <250 000) 250.000)(99.9&B 7 1/4* It/4/8* (250,000) (100.40B) 7 1/4* 15/19/86 250.000) (100.458 100.658) 7 1/4* 1/5/87 (250.000) (100.408 100.608)82 words
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Article2345 1978-01-11 10 1*71 Hi«k Low Last Sale ♦er <£• Net ihr Dhr y*M P/E e'er Vel cm$) Hie Day k L* SECTION ONE INDUSTRIALS 154 204 119 246 88* 206 109 270 422 146 134 165 58 212 57* 155* 147 182 350 91 Aetna Alcorn Allied Choc Bat*2,345 words
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Article1010 1978-01-11 10 January 9 TRADING on the Chicago Board Option* Ex- i came 10 123.705 contracts compared with 142,492 contracts on Friday. OPTION JAM API JLr STOCK JiJ 421/4 JSSI J® 11/4 S 1/4 421/4 toTtl S 4M* 0 *Sj*° £S 2 iW. Si? Am Tti U 1/1# i/|1,010 words
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Page 10 Advertisements
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Advertisement23 1978-01-11 10 ooking A X y]K- ,V A*' V-. >>••■•."• jf».' 4PfM "*vr -1 i Kenneth U> t. *77%,' y-STvT 1W i •''< *>" rV •MdMian and gtow23 words
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Article, Illustration758 1978-01-11 11 SINGAPORE TRADlNG^ckadap the Stock lieku|« of Singapore yeatorday. After quiet start, in which prioM tended to and*, sentiment changed for the better in tha afternoon. This reaultod la aaajr shares rscwvecing thair early dipa to oaat moderate gains. Damaad for aeripa was eepodaUy evident in758 words
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643 1978-01-11 11 FAIRLY steady conditions Erevalled on the Kuala umpur Stock Exchange yesterday with Pahang Consolidated continuing to account for the bulk of the market's interest. The share, which .was hovering at around overnight levels initially was steadily marked up In the afternoon to finish eight643 words
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COMPANY NEWS
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Article313 1978-01-11 11 CwnM rv_,_ Date TMal9» the year 7*KI) 0* Tet«l tap—I—e 7—r 19.4*ca) 19* OBMaumMtlOte PIN 7*Kk) MI DecM OK 30 payable Jan 19 Jan 18 KUMngtea MCHMM Kutta MO* !sa e> Dec 15 Sept 19 OKI Jan 19 Jan 19 JanM 900* 9* 10* 300* 29* Duff Da*313 words
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651 1978-01-11 11 DESPITE adverse weather conditions and higher costs, Duff Development managed to more than double its pretax profit to $1.8 million for the year ended August 31, 1977. And chairman, Mr. Lee Loy Seng remains as optimistic as ever about the company's future. With651 words
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Article380 1978-01-11 11 ALTHOUGH pre-tax profit at Kamunting Tin Dredging (M) for the first six months ended Sept 30 took a near fourfold Jump to $504,000, a higher UK corporate tax charge on the disposal of dredges, plant ana machinery of its erstwhile Kamunting Tin Dredging Ltd380 words
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Article26 1978-01-11 11 THE Kuala Lumpur Stock Exchange has asked Pacific Development Credit for more Information regarding its recent purchase of a controlling interest in PDC Management.26 words
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Article, Illustration268 1978-01-11 11 MM. ROBERT Ntraktu*, head of Wells Fargo Bank's Far East Division, has been appointed senior vice president. The announcement was made by Mr. Carlos Rodri-ques-Pastor, executive vice president and head of the International banking group. Mr. Morehouse joined Wells Fargo in 1971 as a vice president In268 words
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1015 1978-01-11 11 STEVEN TAN - «r STEVEN TAN FORMER tin dredge owner Supreme Corporation yesterday announced a Joint venture and two major acquisitions which will project It into the field of financing and consolidate Its position in the property and plantation sectors respectively. On the Insurance front, Supreme1,015 words
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COMPANY MEETINGS
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Article45 1978-01-11 11 The following company meetings are due: Jan 12, 1978 at Its registered office, 25 Beach Street, Penang, Malaysia at 12.30 p.m. Chin Tuck Plantation* Bhd: Jan. 22 at Its registered office, No. 0-2, Jalan Fatlmah, Batu Pahat, Johore at 10.30 a.m.45 words
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28 1978-01-11 11 Jan 24 In the board-room of Malaysian Industrial Development finance Bhd, 4th Floor, bangunan MIDF, 117, Jalan Ampang. Kuala Lumpur at 11.30 a.m.28 words
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Article12 1978-01-11 11 AOM on Jan 27, 11.30 am at Raffles Hotel, Singapore.12 words
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Article49 1978-01-11 11 KULIM (Malaysia) has Informed the Kuala Lumpur Stock Exchange that Its acquisition of shares In Edible Oil Products (Malaysia) Bhd were made in cash from the company's owif funds. v It adds that no director or substantial shareholder, Kor present, had any Int In the purchase.49 words
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Advertisement388 1978-01-11 11 A Major New Talent in Penguins PaulTheroux Paul Theroux, an American now living in London, has been acclaimed as one of today's major writers compared with Graham Greene and Joseph Conrad. The Great Railway Bazaar, his latest in Penguins is the true story of Theroux's railway odyssey from London to388 words
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1089 1978-01-11 12 TAIWAN ACTS TO APPEASE U.S. TOO JAPAN and the United States yesterday put the last touches on a communique announcing a temporary truce in their fire-month trade war. It will be signed before the end of the week by President Carter's special trade representative,1,089 words
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Article440 1978-01-11 12 JAPAN'S official unemployment rate will show no significant fall during fiscal 1978 even if the government's 7 per cent growth target is achieved. Mr. Isamu Mayazakl, head of the Economic Planning Agency's (EPA) Coordination Bureau, said the expected improvement In employment will be confined to underemployment.440 words
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Article140 1978-01-11 12 THE Japanese Finance Ministry is working out measures to relax Japan's exchange controls, including extension of the standard settlement period and removal of present curbs on amounts of foreign exchange Japanese travellers can take overseas. The director-general of the international finance bureau Hirosuke Dan said140 words
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Article, Illustration534 1978-01-11 12 COLIN CHEE - By COLIN CHEE THE Industrial Arbitration Court yesterday ruled that salary scales as proposed by the Goodwood Park Hotel management will be used as the norm for future wage increases for its employees. < In making the decision, lAC president, Mr. Tan Boon Chiang,534 words
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Article726 1978-01-11 12 LONDON Tues. Prices closed lower after a mostly easier season. Government stocks were still affected by the announcement of a new long 'tap' stock while leading industrials were mostly easier In little Interest. At 3 p.m. the Financial Times Index was down #.5 at 485.2. Long-dated government bonds726 words
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303 1978-01-11 12 BUILDING contractors yesterday expressed satisfaction at the Ministry of Labour's uiurtnoM that they seed not worry that implementation of the exit control scheme would adversely affect their recruitment of Malaysian worker*. On Monday, the ministry ■aid despite the implementation or the scheme, contractors303 words
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171 1978-01-11 12 AUSTRALIA'S budget deficit for the first half of fiscal 1977/78 to end December was A 54.12 billion (8111.12 billion) compared with $4.36 billion in the same 1976/ 77 period, the Department of Finance said. The August 1977 budget projected a $2.22 billion deficit for the171 words
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264 1978-01-11 12 NATURAL rubber producing countries In wanting to stabilise prices were not aiming for a cartel, Malaysia's Primary Industries Minister Datuk Abdul Talb Mahmud said in Kuala Lumpur yesterday. Speaking at the opening of the first meeting of the International Natural Rubber Council, Datuk Talb264 words
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Article, Illustration333 1978-01-11 12 RONNIE LIM - •y RONNIE LIM THE SINGAPORE Manual and Mercantile Workers' Union will be meeting Stock Exchange of Singapore chairman Ng 800 Peng in the next few days to seek further clarification on the livelihood of Its members In stockbroklng firms. This follows the333 words
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Article347 1978-01-11 12 SINGAPORE'S history would have been different but for the support received from the British Government under Sir Harold Wilson, said Mr. Lee Kuan Yew last night. The Prime Minister, who was speaking at a dinner in honour of the visiting former British leader and Lady347 words
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Advertisement637 1978-01-11 12 JOIN THE EXCITING WORLD OF JOURNALISM THE Straits Times Press (1975) Limited, New Nation Publishing Limited and Times Business Publications Limited have further vacancies for the positions of reporters and sub-editors. If you want to be where the news is, join us in the exciting world of journalism. Here Is637 words