The Business Times, 12 January 1978
1978-01-12
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12
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The Business Times
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Title Section11 1978-01-12 1 BUSINESS TIMES M.C.(P) No. 218/1/73 THURSDAY, JANUARY !2, 1978 50 CENTS11 words
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BRIEFLY...
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Article85 1978-01-12 1 UPI LONDON, Wed. Continuing lack of confidence In US Intent to support the dollar caused the American currency to drop again on European markets today. Qold remained at Its highest rates in nearly three years because of this lack of confidence. The dollar opened at 2.1215 marks InUPI - 85 words
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Article65 1978-01-12 1 AFP KUALA LUMPUR, Wed. The present Malay-sia-Australia sugar talks in which Malaysia Is seeking a lower price for the sugar she contracted to buy from the Queensland Sugar Board, has been called off again. However, Malaysia is said to be studying the Australian proposal for a priceAFP - 65 words
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Article83 1978-01-12 1 AP. BRUSSELS, Wed Common market authorities are worried that new US minimum prices for steel imports could reduce sales of some European steel items to the United States. A group of American experts headed by William Barraclough, Deputy Assistant Secretary of State for Trade, opened two days ofAP. - 83 words
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Article72 1978-01-12 1 UPI. WASHINGTON, Wed. Unemployment in the United States dropped sharply to 6.4 per cent in December last year, the lowest rate since the early days of the recession more than three years ago, the Labour Department said, today. A record 58 per cent of Americans were workinginUPI. - 72 words
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Article75 1978-01-12 1 AFP. BRUSSELS, Wed. A probe Into Imports of Japanese parts for turbines and other machinery has been ordered by the EEC. The Inquiry is designed to find out If West European companies in this Industrial sector are seriously hit by the Imports. But EEC sources said thisAFP. - 75 words
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Article52 1978-01-12 1 Reuter. JAKARTA, Wed. Indonesia has appointed 275 wholesalers to export coffee. The government has decided that coffee exports will only be handled by national companies which are registered as coffee traders. The coffee export quota for this year has been cut to 106,310 tonnes from 120,000 tonnes lastReuter. - 52 words
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Article42 1978-01-12 1 Reater. RIYADH, Wed. Saudi Arabia will not Increase its oil prices this year but may press at the next Opec conference in July for the replacement of the US dollar as the oil price yardstick, a spokesman said. Reuter.Reater. - 42 words
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Article52 1978-01-12 1 UPI. NEW YORK, Wed. Stocks, overcoming Initial weakness, struggled higher early today in response to a sharp decline in December's jobless rate. Trading was somewhat restrained, however, as the dollar declined on foreign exchanges. The Dow Jones Industrial average was ahead 0.87 point to 782.40 shortly before 11UPI. - 52 words
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Chief Price Changes 1
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Article125 1978-01-12 1 Alcorn Prima 188 244 +23 12 Supreme Corps 214 11 Hanyang Preu 200 11 PahangCoaa 173 11 Sin Chew 206 10 YHSM.ia 163 10 Com Plant 468 +8 C Sugar* 260 +5 Dun lop Ind 388 +4 High i Low 215 +4 Keck Seng 187 +4 Nat125 words
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Article, Illustration158 1978-01-12 1 Rises Prima 2.44 12 YHS(m) 1.63 10 Pahang Cons 1.71 10 NSOP 2.80 10 Cons Plant 4.78 10 Perils Plant 1.68 +8 Supreme Corp 2.15 +8 Sea Lumber 1.17 +7 Central Sugars 2.63 +7 Bandar Raya 1.60 +6 Falls Straits Steam ship 2*32 -18 Male* 3.26 -08158 words
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366 1978-01-12 1 THE MALAYSIAN Deputy Primary industries Minister, Mr. Paul Leong yesterday said the future of the tin Industry Is bright despite several attempts by consumers to find substitutes. He gave this assurance at the opening of a seminar on the future of the ttn366 words
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780 1978-01-12 1 RONNIE LIM - OIL SALES TO JAPAN DROP Br RONNIE LIM IN A bid to remain profitable, Singapore Petroleum Company is looking for some hefty cash injection under its proposed reorganisation. The additional investment Is expected to come from either Caltex (Asia) or BP Singapore, both of780 words
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565 1978-01-12 1 CHAN BONG SOO - By CHAN BONG SOO A RATHER disturbing situation has developed over the trading of Pahang Consolidated shares on the stock exchanges In Singapore and Kuala Lumpur which Just might lead to an oversold position on the counter. When lifting the suspension of trading565 words
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Article253 1978-01-12 1 JOHN LIM - ■y JOHN LIM SWITZERLAND is taking another step to give Asean goods greater access into the country. At the official opening of the Swlssasean Fair last night, the head of the Bwlss Embassy here, Mr Max Leu. said Bwltxerland will be adopting the "Certificate of Cumulative Origin"253 words
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276 1978-01-12 1 THE STOCK Exchange of Singapore has now released further details of its second five-year plan under which it will be substantially re* organised. On Page Seven of Business Times the chairman of the Stock Exchange, Mr. Ng Soo Peng, outlines the thinking276 words
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474 1978-01-12 1 TERESA LIM - •r TERESA LIM NEPTUNE Orient (NOL) will buy two Freedom-type vessels from Ishlkawa-Jlma-Harlma Heavy Industries (IHI) of Japan. The contract will be signed tomorrow. It Is believed these two ships are already near completion and were built for another shipowner who has since474 words
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Article70 1978-01-12 1 JAPANESE Prime Minister Takeo Pukuda yesterday •aid his government will make a drastic change In the existing foreign exchange control system to stop the yen's appreciation against the US dollar. "The planned revision will be a symbolic action in opening the Japanese economy to world trade," he70 words
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Page 1 Advertisements
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Advertisement122 1978-01-12 1 o^3 A K3S A MOOT IJfcTINGCIHHED CAR! Peugeot 604 exudes luxury. It's rigid body is protected by Electrophoresis and six handspra'yed coats of paint plus a top layer of varnish. Insulation from noise and vibration is achieved via a floating differential, seats that are tuned to the fully independent suspension122 words
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Advertisement61 1978-01-12 1 BANKS forge ahead of finance NEVER at eea again in thle SSSK^fS 1 floating hotel TURKEY picks Singapore u YEOHiap Beng (M) torni la Mtport eprhigboerd 1 reoord 11 fail to NTUC drawi the line on under review .v. i rainbow 12 MEMOPAD 2, CROSSWORDS t, AIRCRAFT SCHEDULE 5. WEATHER61 words
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Advertisement140 1978-01-12 1 Front Load SEE PAGE 7 The Autumn issue of the ASEAN Business Quarterly includes 5-page analysis of ASEAN's urea projects and finds these to be less than viable (12 tables) a 15-page analysis of the impending world energy crisis and the likely economic effects on ASEAN countries including new patterns140 words
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TRADE AND INDUSTRY
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637 1978-01-12 2 AFP. AUSTRALIAN goods are becoming more competitive abroad, said the Australian Treasurer, Mr. John Howard. He attributes this to the devaluation of the Australian currency in November 1976. He made this observation when commenting on the Australian trade surBlus which has reached Ss2l3 millionAFP. - 637 words
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190 1978-01-12 2 Reuter. PRIME Minister Dituk Hussein Onn told Parliament a Malaysian deieCtion wiH be sent to Tokyo April to negotiate a fifth yen credit at about MS2OQ million equivalent to finance various Third Malaysia Plan projects. Datuh Hussein added that Japan's fourth loaa toReuter. - 190 words
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327 1978-01-12 2 TURKEY Is to launch an export drive In Asean, according to the Turkish ambassador to Malaysia, Mr. Ounduz Tuncbllek. He said: "We Intend to Introduce our chemical, Industrial and agricultural products to Singapore and South-east Asia in the near future. Turkey produces a complete327 words
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177 1978-01-12 2 AFP. THE last West European car plant In Australia, assembling French Renault and Peugeot cars, may close down shortly. Flat and Volkswagen have already pulled out and British Leyland, which Is Australia's oldest producer, Is bankrupt. The setback for the European firms stemsAFP. - 177 words
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Article94 1978-01-12 2 AFP KOREA plana to export 30,000 motor vehicles this year, a three-fold Increase over 1077, and will establish specific car export policies. Foreign markets will be expanded as part of a plan to make Korea one of the world's major carproducing countries In the 1980s, eventuallyAFP - 94 words
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Article, Illustration387 1978-01-12 2 SOH TIANG KENG - By SOH TIANG KENG BANKS and finance companies here showed steady growth in their overall business last year. But banks grow faster than finance companies according to latest government statistics. Total assets of banks were $18 billion at endNovember last year, up 12.8 per387 words
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351 1978-01-12 2 UPI. AFP. INDONESIA'S balance of payments surplus increased by US$BB9 million (8*2.08 billion) in the first half of last year compared to the same period in 1970, the Central Bureau of Statistics reported. The first six months last year saw total exports amountingUPI.; AFP. - 351 words
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Article167 1978-01-12 2 THIB year, foreign bank branches In South Korea will be allowed to grant foreign currency loans up to U***** million (***** million) while the celling for Korean banks Is U***** million. Finance Ministry provisional figures show last year foreign banks granted 9500 million of foreign167 words
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Article393 1978-01-12 2 METRO U going up market with lta new itore at Lucky Plata. The store la something In the nature of an experiment with high quality products, according to the managing director. Mr. J opt* One. There are also hints that this new-Image store may393 words
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Article, Illustration281 1978-01-12 2 DESPITE stiff competition, Jurong Engineering enjoyed buoyant results last year. Turnover Jumped 58 per cent to $40 million. However, this year is likely to prove a difficult one for the wholly-owned subsidiary of Jurong Bhlpyard. The emergence of new growth markets overseas, coupled with protectionism and increased281 words
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Article162 1978-01-12 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Jan 4-23 Managing Conflict In Thong Teck Bldg. SIM Industrial Relations SIM 7,14 Si 21 The Effective Secretary Thong Teck Bldg. 9-30 Industrial Application YMCA NPB of Operational Amplifiers Palmer Road NPB 9-16 Managers and Hotel Royal NPB Information Ramada Systems162 words
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Page 2 Advertisements
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Advertisement218 1978-01-12 2 Nut to Katong Soamsw Psiac«/\Jpper East Coast Read ♦Located on elevated land in Katong Luxurious split-level houses facing the sea ♦With individual front and rear gardens EAST COAST HILL stands on a 20-ecre alt* off Upper East Coast Road which la about 196 feet above sea-level... affording a magnificent view218 words
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Page 2 Miscellaneous
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Miscellaneous563 1978-01-12 2 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 A truing game 7 Upset one set too many Pumice used for ablution* by Tories (4) It Did evening work (0) 11 But quite a big name In soccer (6) 14 Took some material sustenance f3) It A failure with many a wild563 words
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OVERSEAS
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921 1978-01-12 3 Reuter A SPATE of brighter statistics has been published in Britain recently, cheering up a society which has become accustomed over the past few years to gloomy analyses about what is wrong with the country. But the Labour government is still struggling with problemsReuter - 921 words
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241 1978-01-12 3 Reuter, UPI THE deputy leader of Britain's ruling Labour Party, Mr. Michael Foot denies that the government Is committed to a Incomes policy when the current 10 per cent a year earnings guidelines expire In August. Mr. Foot told the House of CommonsReuter,; UPI - 241 words
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Article, Illustration44 1978-01-12 3 THE French chemical firm, Rhone-Poulenc has built a 20-metre high liquid ammonia reservoir at one of its factories. Picture shows the earth embankment which provides supplementary protection for the reservoir, built at a cost of more than US$lO million (5123.5 million).44 words
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348 1978-01-12 3 AFP. Reuter. NIGERIA'S head of state, Olusegun Obasanjo, has said that with increased oil R reduction in Alaska, the orth Sea and Mexico, Nigeria and other members of the Organisation of Petroleum Exporting Countries would have to continue to reduce crude oil production to beAFP.; Reuter. - 348 words
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WORLD IN BRIEF
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Article538 1978-01-12 3 Agencies ASEAN will open its trade and tourism exhibition hall in Tokyo next October. About 591.87 million has been budgeted for the project announced by the South-east Asian Promotion Centre for Trade, Investment and Tourism, an Inter-governmental organ with headquarters here. INDONESIA will become •elf-sufficient inAgencies - 538 words
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171 1978-01-12 3 UPI. PRESIDENT Carter plant to emit up to 80,000 bow jobs to kelp stimulate the •"STSiI .also give a 12moflth extension to 728,000 public service Jobs doe to expire this October, White House officials said. The propoeala would ooet US$5OO million (881.17UPI. - 171 words
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318 1978-01-12 3 Reuter AN lntermedlate'credlt programme Is being developed to bridge the gap between the one to three year Commodity Credit Corp sales programme and the 20 to 40 year PL 480 loans. US Agriculture Department general sales manager Kelley Harrison said on TuesdayReuter - 318 words
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197 1978-01-12 3 Reuter. FRENCH official gold and currency reserves rose 4.881 billion francs to 100.55' billion (552.41 billion to $52.31 billion) at endDecember with gold reserves being revalued at 24,938 francs per kilo against 23,203 since end June. The Finance Ministry said currency reserves were revalued withReuter. - 197 words
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Article171 1978-01-12 3 Reuter KRUQERRAND tales 1 totalled 013,110 coins In 1 December, against 519,020 In November, and January 1 sales should be at a similar figure, Intercold Corp Manager Don McKay-Cog- i hill said. Mr. McKay-Coghlll said II j sales were to continue at 1 this level throughout theReuter - 171 words
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952 1978-01-12 3 Reuter, NYT. CENTRAL bankers from the US and major European payments surplus countries on Tuesday failed to reach full agreement on how to achieve a lasting solution to the dollar's problems at their monthly meeting in Basle at the Bank for International SettlementsReuter,; NYT. - 952 words
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Article470 1978-01-12 3 MANY U8 grain farmer* and government officials are wondering when the Soviet Union will resume buying US wheat and com for delivery this year. According to US Agriculture Department officials, the Soviets ended a surge of grain purchases more than a month ago and have shown no470 words
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Article92 1978-01-12 3 Reuter CANADIAN real gross national product growth will rise to 4 to 4-1/2 per cent this year from about 21/2 per cent last year. Canadian Imperial Bank of Commerce chairman Russell Harrison said Alberta and British Columbia will be the bright spots achieving an expected 4-1/2Reuter - 92 words
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Page 3 Advertisements
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Advertisement405 1978-01-12 3 This announcement appears as a matter of record only. December, 1977 <^> Settsu Paperboard Mfg. Co., Ltd, (Settsu Itagami Kabushiki Kaisha) 1 U. 5.515,000,000 6 3 8 Convertible Bonds Due 1992 Daiwa Securities Co. Ltd. First Boston (Europe) Limited IBJ International Limited Chase Manhattan Asia Limited The Development Bank of405 words
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RAW MATERIALS
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Article330 1978-01-12 4 OPENING quotations yesterday in Singapore were marked up following steadier London advices and held steady on some speculative buying and snort-covering interest. Some profit-taking emerged later to pare the gain slightly. Prices turned Firmer towards the close on fresh demand, dealers said. Fairly active trading330 words
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Article312 1978-01-12 4 Price In cenu per kilo yesterday Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S prompt f.o.b. 201.75 Int. 1 R.S.S Feoruary 202 25 202.75N 202 50 204 00 204.90 206 00N 206.00 Int. 1 R.S.S March 203 00 203.50 206 29 209.50 Int.312 words
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Article30 1978-01-12 4 Robber: Jan 11: Singapore: February 204.50 cents (up 3.00 cents) Malaysia: February 200.00 cents (up 2.75 cents) Tins: t1.715 (up 15) Official offering: 248 tonnes (up 10 tonnes)30 words
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Article433 1978-01-12 4 GENERALLY dull trading took place In steady conditions at the Singapore produce market yesterday. Prices were steady In the coffee sector, as this is the period where roasting takes place on a large scale in the Western countries. Over there, roaster demand was the main reason for the433 words
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Article176 1978-01-12 4 COFFEE futures In London yesterday opened £14 higher to £7 lower compared with Tuesday's close. Turnover was 344 lots and the official tone steady. Commission house follow-through buying from Tuesday lifted prices higher Initially before scattered profit-taking halted the advance in some months. Spot Jan gained £14 on technical176 words
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Article115 1978-01-12 4 NOON 8SR and SMR prtcei yesterday ■AS (Cl Bay. tm PtWuary utmkMUO m Mia > mt» par kg) (Pa Bay* (•a Match rwartMtfc) Mm ■u pee ho) SFR 20 SSR V> (1—ton pallet) (►-ton pallet) 103.90 101 SO 193 SON 193 SON 104.30 192.30 199 SON 104.SON115 words
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Article210 1978-01-12 4 SUGAR futures opened £0.90 to £0.85 per tonne higher than Tuesday afternoon closing levels in a turnover of 370 lots. In London yesterday. Dealers said the market opened steady around Tuesday night's higher kerb levels with good trade buying being met by scale-up selling resistance. Some of the trade210 words
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Article210 1978-01-12 4 THE BTRATTB tin price In Penang yesterday rose a further MM to 91,715 per plcul, on an official offering up 10 tonnes to 248 tonnes. Values continued firmer mainly attributed to buying demand from all sources and In line with the higher trend of the London Metal Exchange,210 words
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Article205 1978-01-12 4 TERMINAL cocoa finished the first call In London yesterday £5 up to £0.50 down. But despite steadiness of sterling, values edged higher in fairly active open trading on chart support and hedge covering against forward delivery physical sales by dealers to Continental and Japanese industry. Market sources report that205 words
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Article203 1978-01-12 4 BANGKOK rice prices were quoted as follows yesterday: (Price* in US dollar* per tonne fob b«su Bangkok) White Rice: 100 pet Ist elm 365 100 rrt 2nd class 390. 100 pet 3rd class 345. pet 336. 10 pet 320. IS pet 317. pet 314. 25 pet 312. 35 pet203 words
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Article118 1978-01-12 4 SUGAR futures closed firmer in dull and featureless trading yesterday. Sugar futures eloalnf prices: Oesiag Owkat* Mch 8 50/56 9 45/48 May 9 88/9 92 9 88/88 Jly 10 12/13 10.0t/00 Sep 10 .35/40 10 23/25 Oct 10 49/58 10 46/47 Tmm: Quiet Taut Salsa: six (pre* 14)118 words
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Article188 1978-01-12 4 YARN and cotton in Hongkong dollars, spot ex-godown Cettaw farm: China Blue Phoenix i > roo l ,o Piece Geads: China Butterfly and Olobe brand unq. Dragon Head unq. Flee Lambs una. Dower and Butterfly unq. Flying Oeeae unq (per piece 38 inches by 40 yards). Pskistaa Raw188 words
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Article71 1978-01-12 4 C.I.F. US dollars per too. LONDON: Malaysian SH ffa bulk Feb Sumatra 5* f fa JM Feb March fiff Nicerian i% rfa bulk Tw4ay MS sir 525 sir 411.90 pd MOpd 483 90 pd 419 pd unq 4Witr 925 sir 919 tlr/512.90 pd 407.90 sir 482 90 pd71 words
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Article85 1978-01-12 4 SOYBEAN futures surged higher in late trading to finish at or Just off the day's highs and post gains of 10 to four cents a bushel in Chicago on Tuesday. The market found light support early as shortcovering and speculative buying were prompted py the higher than anticipated export85 words
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Article48 1978-01-12 4 WHEAT futures closed- at the day's highs, finishing with gains of 3-* to 3-U cents a bushel, in Chicago on Tuesday. Reports of moisture shor- tages in some hard wheat areas, and potential crop damage because of the cold weather over wheat growing areas, provided underlying support.48 words
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Article305 1978-01-12 4 COPPER wlrebars finished the morning in London yesterday showing all round losses of £9.50 per tonne. The market gave ground under tired liquidation and some pricing sales prompted by the overnight trend at New York and steadier sterling against the US dollar in the morning, dealers said. The continued305 words
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Article190 1978-01-12 4 SILVER finished 1.8 to 2.1 pence down In London yesterday. Values were marked down Initially reflecting the overnight decline at New York and the stronger tone in sterling against the US dollar, dealers said. Dealings were modest with carries accounting for about half the turnover of 88 lots. On190 words
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Article411 1978-01-12 4 THE KILOBAR In Singapore yesterday opened at $$12,998 and cloeed at 8113,022 Prices fluctuated in a range of 5530.00. In the loco London market the metal opened at. U*****.40/ 70 and closed at U*****.90/ 172.30. The London morning fix was U*****.90, 20 cents down from the previous fix. Source:411 words
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Article50 1978-01-12 4 LEAD closed with gains of mostly £0.50 per tonne in London yesterday. Three Months reached £372 on the pre-market but traded down to £389 in the ring before light shortcovering gave support. Sales were 2,400 tonnes. On Tuesday, lead rose by £5.50 for cash and £4 for Three Months.50 words
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Article51 1978-01-12 4 ZINC closed with losses of £3.75 for cash and £3.50 for Three Months In "London yesterday. On Tuesday tine closed with cash £0.50 up and Three Months unchanged. Values steadied In sympathy with other metals In the afternoon with Three Months trading up to £290 per tonne on the51 words
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MONEY AND EXCHANGES
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Article538 1978-01-12 4 THE US dollar suffered from another bout of speculative selling yesterday, although the bulk of this took place in the European foreign exchange markets in the afternoon. Singapore's forex market, nonetheless saw the dollar losing ground against most other currencies. Against the yen. the dollar dropped by almost538 words
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Article57 1978-01-12 4 ACBC J Algernon* Bank 7 Bangkok Bank 7 Bank ot America 7 Bank of Chini 7 Bank of Tokyo 7 Bank Nagara Indonesia 7 Citibank 7* H8BC 7 Indoauez 7 Malayan Banking 7 Mitaui Bank 7 OCBC «S OL'B 7. Chartered Bank 7S UCB 7 Cha»e Manhattan57 words
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Article162 1978-01-12 4 Asian rates ASIAN currency depoait interbank rate* u at cloae on Jan ir. US Mia Offcr 7 days 1 mth 2 mthj 3 mini mini mthf 12 mtlu ..71/t .4 1 vie .7 J/16 .71/1 ..71/t .7 IS/14 ..I 1 413/14 71/14 7M 71/4 711/14 77/t (Middle Prtce*) fn. Dm.162 words
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Article57 1978-01-12 4 ZURICH exchanges closing quotes on Jan 10: 08 2 00(0-011} St# 1 UM-MU Can 1 SMI-OSS D Uk M 1107-1002 d n n.M-« r FT 41.4010-MM B FT (0740-0001 D Kr M.9744-0(71 N Kr 10.7900-041} 8 Kr 41(041 -OH Lit tao-an AW *efc 11.14-19 Port 4 9042-rril Spain 157 words
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Article33 1978-01-12 4 Owrnltht 2S to IM Cull dcpoalt 3V. 0")N 3-Month TreMury NlU 1-1/4 j-i/« S-M or.it. Bulk Mite 4-ll/K 4-ll/U J- CD J-VII »-Vl« 8-Month CD J-J/4 M/l Source: National Discount Co Ltd.33 words
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Article46 1978-01-12 4 AUBTRALIA/NZ exchanges on Jan 10: AvarkfkLiA; us aoSTTiirj/iij* Sterhnf 0 SMI/0 5007 Ninety -day air mail buying rua Stertln* 0(100 US dollar ***** usdonax l.isss NEW ZEALAND surllnc 0 5310/0 5200 US dollar 1.083/1.0121 Ninety-day airmail buying ratw Sterling 0 5411 US doffar 1 047146 words
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Article40 1978-01-12 4 THE Monetary Authority of Singapore Invites banks and discount houses to tender a total of Ss3o million 91-day Treasury bills to be issued from Jan 16 to Jan 20. Each tender must not be less than $250,000.40 words
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Article187 1978-01-12 4 THE DOLLAR yesterday weakened against leading currencies in opening trading, with business more active than on Tuesday. Persisting uncertainty on how far the US authorities will implement their declared policy of actively intervening to support the dollar was the principal reason for dollar weakness, dealers said. Sterling firmed to187 words
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Article102 1978-01-12 4 THE DOLLAR closed slightly weaker against major currencies In orderly, stable trading on Tuesday. The Swiss franc edged up to 49.71/76 from 49.80/85, while the mark rose to 46.83/86 from 46.65/67. The yen was little changed at 0.4143/47, versus 0.4142/45, while the guilder rose to 43.68/378 from 43.59/61102 words
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Article89 1978-01-12 4 THE DOLLAR for overnight delivery yesterday closed lower at 241.18 yen, compared with a 241.40 opening and 241.60 at Tuesday's close. Trading was quiet with volume $192 million. No Central Bank intervention was detected. The dollar for immediate delivery closed at 241.25, unchanged from the open- lng but down89 words
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Article121 1978-01-12 4 THE US dollar closed slightly below New York's levels overnight after drift{ng lower In slow trading yesterday. Sterling continued to strengthen, advancing to $1.9230/40 from 1.9170/85 in the US. The dollar eased to 2.1270/90 marks from around 2.1350 in the US and to 241.10/25 yen compared with Tokyo's 241.18121 words
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Article148 1978-01-12 4 Euro rates LONDON* Eurodollar deposits yesterday opened barely steady though some periods were adjusted lower due to the Friday start to trading technicality. Overall activity was small, dealers said. Near periods opened technically lower with One Month down 5/16 while most other levels traded near to Tuesday's closings. Fed intervention148 words
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Article47 1978-01-12 4 FRANKruRT exchanges opening quotes on Jan 11: OS I 1280/1300 (2 1300/75) Can 1.0000/0020 Bif 4 085/075 QrtSt. HOT S rr 107 15/50 Lit 2 42/43 f Er 44 88/S8 N Kr 4100/15 B Ft (con) 6 453/483 B rr (fin) 6 454/404 Yen 0 8000/2047 words
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Article284 1978-01-12 4 STRAIGHT dollar bonds In London yesterday lost further ground on persistent selling with increased client activity recorded following the renewed easiness of the US dollar on foreign exchange markets. Eurobond price* quoted on Jan 11 BM Offer Shell (Si 90 8NCT8H.04 Hydro Quebec*92 Flwnil't 92 TelmexS'.M RHMSK TNT 9284 words
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Page 4 Advertisements
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Advertisement638 1978-01-12 4 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 is638 words
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TRANSPORT
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404 1978-01-12 5 THE United States should support international air fares which allow a profit Instead of pursuing Its present policy of "the lower the fares the better." The chairman of privately-owned British Caledonian Airways, Mr. Adam Thomson told the National Aviation Club that404 words
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Article207 1978-01-12 5 FEARS THAT the strength of sterling may hit vital export sales are overshadowing the UK boatbuilding Industry. This Is a reversal of the last two years when British manufacturers cashed In on a relatively weak pound to push Industry exports up to 40 per cent207 words
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Article64 1978-01-12 5 THE $15 million vessel MV Yantl, seized recently by the Baluchistan High Court, ceased to be a Singapore-registered ship since Nov 28, 1975, according to the Marine Department here. A report from Karachi had said tha£ the ship was Singapore-registered. The court was Issued on a64 words
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826 1978-01-12 5 TERESA LIM - By TERESA LIM THE Ministry of Finance Is believed to be actively re* viewing the Development Bank of Singapore's (DBS) current ship financing scheme. While government ship financing schemes of this nature are usually closely meshed with export credit Insurance In other countries, the826 words
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373 1978-01-12 5 NYT. THE Federal Aviation Administration has questioned whether the Concorde meets Its safety standards and Is undecided about approving It for purchase and operation In the US. Engineers for the FAA, which governs thfe safety of aircraft and airport operations, are doubtful about the reliabilityNYT. - 373 words
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Article, Illustration465 1978-01-12 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bengloe (after Tongarlro) (class 1 on board) 10/11 Bunga Setawar (2200 after Bunga Blndang)i9 Cecllie Maersk (0600 hauls 9m west.) 8/9 Centaur (0530 shifts, after England Maru) 47 Chidambaram (0900 after Selna) 1/2 Dong Yun (after Selzan Maru) 40/41 Kamfal (0530 shifts, after465 words
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Article431 1978-01-12 5 ORIENT Overseas Container Line (OOCL) Is the most vigorous member of the C.Y. Tung Oroup, considered one of the biggest shipowners and operators with a comprehensive merchant fleet of dry cargo vessels, tankers, bulkers, ore/oil carriers, liquid Eetroleum carriers ana veIcle carriers. Under the trade name431 words
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Article145 1978-01-12 5 UPI. PASSENGERS travelling to Tokyo on Australia's national air carrier, Qantas, will be able to buy a most treasured gift for their Japanese friends and hosts up to 6.6 kg of Australian boneless sirloin beef. Qantas is making the offer to those travelling on Its twice-weekly service whichUPI. - 145 words
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Article, Illustration164 1978-01-12 5 SINGAPORE and Rumania •l(Md an air services agreement yesterday altar three days of negotiation*. Speaking at the ceremony, Mr. Oa| Teng Cheong (above) Senior Minister of State, Ministry of Communications said the agreement is an initial atop towards (renter trade and cultural link164 words
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Article108 1978-01-12 5 AP. NORTH American grain chartering became somewhat busier on the London freight market on Tuesday but the rate structure remained rather shaky. The Essl Camlla, for Instance, accepted lust US$5.5O (8*12.8*1) (FIO) for a 30.000-ton spot grain haul from the US Gulf to Rotterdam. Last week, aAP. - 108 words
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Article642 1978-01-12 5 ARRIVALS 8w»kn Loc Operator Number Tin •1 m From CPA MAS OIA CPA SIA OIA OIA PAL RBA OIA SIA MAS SIA THAI MAS SIA SIA OIA OIA CX003 MH882 O A 980 CX710 SQ209 OA 944 OA 908 PR501 BI325 QA982 SQ240 MH684 8Q201 T0413 MH851642 words
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Article188 1978-01-12 5 Reuter SEATAINER Terminals said the Increase In container terminal charges granted It by the Prices Justification Tribunal Is only just over half the amount by which Seatalner cut handling charges In March 1977 as a result of a tribunal Inquiry. The tribunal granted Seatalners a 0.3Reuter - 188 words
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Page 5 Advertisements
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Advertisement136 1978-01-12 5 nusntnunn BUILDIIIC mmEßmu Strength and quality Australian building materials are available to exact specifications and are made to the highest standards of quality. The range is a vast one and includes structural steel, hardboards, cast-iron pipe fittings, all kinds of insulation, aluminium framed doors and windows, louvres, kitchen and bathroom136 words
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Article406 1978-01-12 6 UNLIKE stock exchanges In the- developed countries, trouble Is a relatively new phenomenon for the Stock Exchange of Singapore. But the SES has responded quickly with admirable remedies when It comes. Like every other sector of the economy, the BES too has suffered severely from the406 words
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Article245 1978-01-12 6 THE AMERICANS, it seems, will never accept that they cannot tat pose US standards on other countries. The latest Attempt comes from no less a person than Labour SecrHary Ray Marshall who has Just said that the "unfair" competitive advantage foreign producers enjoy fro* lower245 words
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Article, Illustration1389 1978-01-12 6 TERESA LIM - By TERESA LIM WHAT'S A LOVELY 32 year-old Japanese called Minako Yamamoto doing on a multi-purpose craneship like this? why, painting It blue and white, of course. Just In time for Far East Levingston's sea trials, scheduled for today. The seamen privileged to1,389 words
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Article477 1978-01-12 6 Reuter. SINGAPOREANS are suffering from a virtual flu epidemic right now. Though the flu means runny noses, body aches and pains to them, they may not realise that their poison is another man's meat, meaning fatter profits for major drug companies In the firstReuter. - 477 words
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Page 6 Advertisements
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Advertisement119 1978-01-12 6 V~' K sinGapura FORUM g) HOTEL MUnitH* CoM»mmj< HMaia 585 Orchard Road, B'pore t. Tel: *****2 hbkkßtt Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally (except Sunday)119 words
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Advertisement116 1978-01-12 6 405/407 Havelock Road, S'pore 3. Tel: *****1 lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where The Rosebuds Band, Miss Mareeka(from the Philllpines), Miss Tang Ley., Sonny Bala The New Moonglows, and the Hi-Jacks treat you to a lovely evening of great116 words
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Advertisement153 1978-01-12 6 Oochid inn "M oMts In ffi« ortanr 214 Dunearn Road, S'pore 11. Tel: *****2 Moby Dick (24 Hr. CtOm House) Whet your appetite with our wide variety of Inter-Continental food laid on our buffet lunch table dally from 12.00 3.00 p.m.. Weekdays: Adults 98.00 3% Children 96.00 3% Weekends: Adults153 words
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Advertisement172 1978-01-12 6 (Cockpit liotrl 1/7 Oxley RW Peunf Road, Spore 9. Tal: mill Chanticleer Restaurant Discover Singapore's most exciting new restaurant Taste the most mouth-watering masterpieces of European cooking, prepared from only farm-freshest Ingredients. Sip your choice of great wines and drinks In Chanticleer's unique olden days atmosphere. Make your own kind172 words
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Advertisement131 1978-01-12 6 9NGAPORE HLTON Ml (Mart Bawd, B'pore H: ***** Top of the Hilton Amral's Trinidad Cavaliers January 10 31. Amazing sounds from steel drums, flaming limbo dances done at the height of a soft drink bottle. A sensational performance for the whole family. Showtime: 12.45pm Luncheon Show and Caribbean Buffet Adults131 words
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Page 6 Miscellaneous
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Miscellaneous64 1978-01-12 6 WE A THER outlook for Singapore from 6 am to noon today: Intermittent rain Report for 24 hours prior to 7.30 pm on Jan 11 at the airport. Maximum Temperature 27.4° C Associated Humidity 91 Minimum Temperature 22.9° C Associated Humidity 100 Hours of Sunshine nil Rainfall in Millimetres 1064 words
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Miscellaneous285 1978-01-12 6 RADIO SINGAPORE 5 3.00 P.M. Opening announcements followed by Window (Chinese Repeat) 3.30 Diary of Events (Chinese) 3.35 Eight Heroes of Shaolin (Repeat) 4.20 Intermission 6.00 Opening announcements followed by Lassie The Eighth Life of Henry IV' 0 6.30 News in Brief 3 6.35 Warna-Warni (Malay Repeat) 0 7.00 The285 words
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2431 1978-01-12 7 Ng Soo Peng - Ng Soo Peng Chairman Stock Exchange at Singapore Ltd. THE CONTINUOUS shrinkage of volume on the Stock Exchange has been a continuous source of worry and concern not only to the Exchange but also to the member companies. During the boom2,431 words
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Article606 1978-01-12 7 EVEN STOCKBROKERS like to have some fun during working hours when a routine market comment telex came over the machines this week from a leading US broker, to a Singapore broker's office, it had the following tacked onto the end of It: "We have a new606 words
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Article, Illustration781 1978-01-12 7 WILLIAM SAFIRE - By WILLIAM SAFIRE, By WILLIAM SAFIRE, the dii* tinguiihed Washington correspondent for the New York Timet BERT LANCE sent me a friendly note the other day from Calhoun, Gerogla. In a firm hand, he wrote: "The Bible says, 'Love those who demise you.'781 words
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Page 7 Advertisements
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Advertisement380 1978-01-12 7 W, Hi I T 6 I Wm ft i t --JH! s I I*l S5 ff&B Hotel Royal H RAMADA® Newton Road, B'pore 11. Tel: *****1 We've, got II all together Golden Mikado Cantonese Cuisine prepared with Just the right touch by our Master Chef AND our speciality Flshheads. Ramada380 words
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Advertisement7 1978-01-12 7 \L Not a drop is sold Tlllitisl2yearsdd7 words
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Page 7 Miscellaneous
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Miscellaneous28 1978-01-12 7 nStoW .RarJc U>lV4 »*T C SO7GD ytee. "to i M I miGMT B€ A UNGCtnfeOU*6L£ iCAti our' rTNeve*o(W iMPsr —eve* **th£ McJTfesr U3€*c»ue£. <€tf IT r»*nvf oostn... •M28 words
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INTERNATIONAL STOCKS MARKETS
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Article370 1978-01-12 8 HONOKONO: Share prices closed slightly easier acroai the board yesterday on small selling In thin trading, dealers said. Trading was quiet on lack ot interest and support. Among the blue chips, J*rdlM Matheaoe and Hong Kong Bank fell 10 each to HKSII.OO and 10.70 respectively. Swire Pacific and WMtck370 words
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Article471 1978-01-12 8 TOKYO: Share prices rose sharply yesterday with revived buying Interest over a wide front on expectations the Japan-US trade dispute would be settled soon, dealers said. The market average gained 38.74 to close at 4,007.23, with volume of 280 million shares. The New Index rose 3.03 to 373.74. Export471 words
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Article385 1978-01-12 8 SYDNEY: shares prices closed lower yesterday with sentiment depressed by the setback on overseas markets, and uncertainties about domestic interest rates and commodity prices, dealers said. BHP dropped 12 cents to AJ5.38 while ACI fell two to 1.78. Banks weakened but second rank Industrials were steady while in minings385 words
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Article169 1978-01-12 8 MANILA: The stock market closed mixed yesterday with oils gaining slightly while minings and commercials had slight losses, dealers said. Turnover fell to 3.02 million pesos from Tuesday's 4.52 million. Atlas and Philex lost one point each while other mining issues were steady. In oil Issues only Oriental firmed169 words
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Article131 1978-01-12 8 JAN 11 Bants Ail* Fibre 280 -4 Bangkok Bank 389 -4 Bangkok Invett Bangkok-Metro-politan Bank Bala BerUJucker 522 ♦8 Charoong Thai Wire 314 -4 Dumex Duait Than) 31S *4 Faber Merlin First Trust 338 +4 Oenera Finance 317 -3 Indo-Thai 300 Industrial Finance Corp 2175 unch J And J131 words
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Article276 1978-01-12 8 AMSTERDAM: Share prices felt on Tuesday led by Haacavaas in Dutch internationals, dealers said Royal Dutch gained against the trend, while Philips closed unchanged. In the rest of the market, losses were led by Robeco. Rolinco and OcegriaUa. KLM however roae over two guilders. JAN I* Fls Ahold 97276 words
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Article151 1978-01-12 8 BRUSSELS: Price* closed mainly lower In fairly active trading on Tuesday, bourse sources said CockarUl and UCB rose but Traetiaa, Sidre, Aitirinu, Victlle MmOhr HsUfc-. Acc, Soefia. Gevaert, Soivay. Moum and CBR fell In foreign stocks, UK. Oermans, Dutch and U8 fell, French and gold mines were higher, while151 words
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Article293 1978-01-12 8 FRANKFURT: The market closed weaker on balance on Tuesday following the easier tone on Wall Street and on strong foreign selling In chemicals, dealers said Led by Slhmm, most leading shares shed up to around two marks on light selling, with major chemicals around one mark easier. However. Mummus293 words
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Article492 1978-01-12 8 PARIS: Shares were steady in liveto trading on Tuesday on further consideration of Prime Minister Raymond Barre's weekend speech on the govern lng majority's election package, dealers said. In higher foods, Carrafear gained 25 francs and In autos. Peugeot also advanced MicheUa. and electrical* were higher while banks, oils492 words
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Article1113 1978-01-12 8 NEW YORK: The stock market extended further its 1978 decline after a morning bargain hunting expedition failed to drum up a following on Tuesday. Trading continued at an active pace. It was the sixth straight decline, which so far this year has cost the D-J industrial average nearly1,113 words
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Article1366 1978-01-12 8 January 10 TRADING on the Chicago Board Options Exchange came to 114,821 contracts compared with 123,705 on Monday. OPTION JAN APL JLY 8TOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank Am1,366 words
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Article403 1978-01-12 8 JOHANNESBURG Golds cloeed firmer In moderate trading on Tuesday following the higher London morning gold fix. dealers said Oains amongst heavyweights ranged to ISO cents, although Weet Holdiags shed 155 cent* against the trend to 2925 EbMwhere, gains were between 10 and 35 cent* wtth financial minings firmer in403 words
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Article294 1978-01-12 8 ZURICH: TIM market closed narrowly mixed on TuMdu with a predominant* of small losses following the decline of Wall Street, dealer* said. Banks were steady, while in financial! Oerllkea-Baehrle bearer was lower, laadia and GYR registered and partlclpatlon certificate gained In active demand on the news of Its planned294 words
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Article308 1978-01-12 8 TORONTO Share price* closed mixed on Tuesday in active trading after a mid-morning recovery gave way to afternoon selling pressure The Composite index was up a fraction but declines outnumbered advances 213 to 206. Oolds were sharply weaker, reflecting lower bullion prices, while real estate issues advanced DUG A308 words
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Article64 1978-01-12 8 FINANCIAL TIM] 58 INDUSTRIALS Tuesday 484.5 Monday 419.7 Week Ago 488.8 DOW JONES AVERAGE INDUSTRIALS Tuesday ***** Monday 784.5® Week Ago •17.74 LONDON DOIJ.AP PREMIUM Tuesday an to MM Monday 88 to MS H.K. HANG 8EN< I Tuesday 300 16 Monday 361.90 WeekAfo 383.74 SYDNEY INDUSTRI ALS Tuesday 408.3864 words
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Page 8 Advertisements
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Advertisement250 1978-01-12 8 s^® M m E r,r^ vri wo i i ■> a //('I I 0 >.>r w tim i:.m if! --vS till m \> su hi \k fe ii ||ta '.w fen w zi a DON'T CROWD ROUND OTHERS, LET OTHERS CROWD ROUND YOU! L I 4 1 A well-read person250 words
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INTERNATIONAL COMPANY NEWS
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1148 1978-01-12 9 ASIAN COMPANIES IF YOU leave Tokyo's international airport In a plane which flies east over Chlba Erefecture, as many do efore turning south to Hongkong, you may see a huge white gash in the mountains below, linked by two conveyor belts to Jetties several1,148 words
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221 1978-01-12 9 TOYOTA, the second largest of the Japanese car Importers in Britain, is to step up Its battle for extra sales this year with new models and a planned increase of 25 per cent in its dealer network. John Pride, a director of Toyota221 words
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Article514 1978-01-12 9 NORTH AMERICAN COMPANIES Washington Star. WASHINGTON: The Securities and Exchange Commission failed on Monday in an attempt to strengthen its authority to bar brokers from the securities business. The Supreme Court turned down an appeal by the SEC in a test case on its powerWashington Star. - 514 words
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Article109 1978-01-12 9 TEXACO Inc and Standard Oil Co of California said Jointly they have agreed with Nigerian National Petroleum Corp, (NNPC), for NNPC's acquisition of a 55 per cent equity ownership in three producing fields and several oil mining leases off the Nigerian shore. NNPC will pay about109 words
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Article90 1978-01-12 9 PEPSICO Inc said it agreed with the Soviet Union to double the number of Pepsi-Cola plants in the USSR to 10 and to Increase substantially the imports of Stollchnaya vodka Into the US to meet increasing demand. Chair man-chief executive Donald M. Kendall said this expands90 words
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Article90 1978-01-12 9 Reuter. CHICAGO Board Options Exchange president Joseph Sullivan told security analysts option trading by the New York Stock Exchange would represent a grave threat to the vigorous competition between markets and market makers that has been a hallmark of the options market until now. He said Integration ofReuter. - 90 words
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Article53 1978-01-12 9 INTERNATIONAL Business Machines Corp said it introduced two Information processors with highspeed impact printers. In Armonk, IBM said it is reducing purchase prices for certain IBM magnetic media typewriters and the IBM copier 11, effective from Monday. In Atlanta, It added its general systems division introduced a53 words
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Article77 1978-01-12 9 CANADA'S province of Manitoba is expected to sign a 15 billion yen bond issue contract In Tokyo with a Japanese underwriting group led by Nlkko Securities Co on Jan 17, Japanese securities sources said. Manitoba Finance Minister Donald Cralk will shortly begin negotiations here with the Japanese group77 words
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402 1978-01-12 9 UPI TAKEOVER bids and battles took the play on Wall Street in 1977, filling the pockets of some lucky brokers with millions of dollars. ''There were a lot more takeovers of publicly held companies last year than In the past," said Toml Slmlc, researchUPI - 402 words
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337 1978-01-12 9 Reuter WOODSIDE Petroleum said Caswell number one exploration well in permit WA-34-P on the North West Shelf was plugged at a total depth of 4.097 metres, after testa indicated the presence between 3,605 and 3,011 metres of a hydrocarbon bearing reservoir of limited extent. TheReuter - 337 words
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Article88 1978-01-12 9 Reuter. DAI-ICHI Chuo (Cayman) will make a US$2O million, seven year private placement in the Eurodollar market with terms to be fixed on Jan 19, Sumitomo Finance International said as lead manager. Informed securities sources said the issue is expected to carry an 8.5 per cent couponReuter. - 88 words
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Article80 1978-01-12 9 JAPAN'S top electronics maker Sony Corp. has announced a plan to set up a wholly-owned subsidiary In Amsterdam to sell broadcasting video equipment. The establishment of the 12 million guilder firm In mid-January is part of Sony's strategy to make itself a second Ampex, the80 words
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212 1978-01-12 9 EUROPEAN COMPANIES TRADING In option* on about eight stock* could begin on tk London Stock Exchange within the next three month*, the Exchange •aid in a statement. The increase in the share capital will be effected by issuing MO.OOO bearer shares and 688,020212 words
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Article88 1978-01-12 9 UK companies' (rota trading profits in the third quarter of 1*77 roae strongly after deducting stock appreciation to £3.7 billion from £3 billion in the second quarter, Central Statistical Office figures show. The six months to last September showed profits net of stock appreciation 20 per cent higher88 words
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Article396 1978-01-12 9 Reuter THE UK government bond market will probably remain firm in the month ahead, against a background of declining UK money market rates, UK stockbrokers Phillips and Drew said. However, Institutional liquidity is much lower now than at corresponding stages of the past three years, suggestingReuter - 396 words
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Article115 1978-01-12 9 Reuter. INTERNATIONAL stock exchanges face uncertain prospects in 1978 due to expected very weak real economic growth, Kredletbank said In Brussels. In its latest weekly bulletin, it said general prospects for company profits are on the whole unfavourable, though US corporate profits are expected to be satisfactory asReuter. - 115 words
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Page 9 Advertisements
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Advertisement263 1978-01-12 9 >» m -V 77 j r ft*. K. m r understanding, insight, and wisdom in every field of learning. Written by experts, approved by experts, but not mitten for experts, tt is eimed at the average reader with as little technical jargon as possible. 3. To rtudy a whole branch263 words
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Article566 1978-01-12 10 r SENTIMENT Improved visibly on the Kuala Lumpur Stock market yesterday, with fresh interest lifted prloss higher across the boards. The better tempo of trading and the moderate support accorded to selected Industrial counters also resulted In some of these stocks closing the day at best. Activity566 words
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Article1116 1978-01-12 10 BID ud offer price* officially lilted and butinet* in and reported to the Kuala Lumpur Sleek fartaim yeeterday with the umber of (hare* traded ■hewn in braefceta ia Ma of 1,080 unit* unleea otherwiae *peci/»ed. IMOU8TBIAU Aema (1.87B 1.4OB). Ajtiwmete (3.15B 9.1MB). oTToi 1 8 w> <a1,116 words
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Article1051 1978-01-12 10 BID aad eflhr prioaa ifllilnrtr listed u4 kuUtN la aad giggtod to tl» Saedt Esaslmage B —Ism sthsralaa 1 flettlssasM Canmills as* S VMtod altar the werid "Salt". Big Beard deals (la lata ef WSS aalte) ara gaeted altar tha f kaUar* 88. SET IO1 INDUSTRIAL* (1.3T81,051 words
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Article51 1978-01-12 10 STRIKING pricaa af tka atock option officially listed oa lk« Stack Exday/ with tlw aumbar of optioaa tradad ikawa la brackata. Caid Staraca (March 91.70) (0.3Q8). <oSdSf C( ,one n laekeapa (March «10) (0.138 0.188). Ira. (March 52.60) (0.40B) J®2** (March tt.75) (0.40B). .JL& B (March $3.00 (0.07851 words
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Article65 1978-01-12 10 4 3/4% 1/1/78 (250,000) (IM.MB 100.880) 3 1/4% 18/18/78 (250.000) (1M.868 101.150) ijmuvnd (290,0041 mmo ~MW" "0.108," M aji""' M<l0( ?Ks!> U'a, ~/4m 7 1/4% 1/8/87 (250.000) (100.MB 100.800) 1/2* T P IWS7 (3M.OM) (100.328 100 528) 8 1/4% T P 11/Ol (2M 0M) (100.23B) 8 1/4% T65 words
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Article159 1978-01-12 10 O T 8 1/2% IMI (100.000) (100WB 101*0) SAKS?"" saisar 1 ,mm > LTCB J 1882 (100,000)(08WB 99*8) Cradh Loroaaate Plootlaa 1883 (100,000) (M*B 88*8) C llak 8 1/8% 1884 (100,000) (M*B 97*8) DBS Coavorta 8 1/2% IMI (IM.OM) (05*B D B 8 8 1/2% 1882 (IM.OM) (IM*B159 words
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Article2333 1978-01-12 10 1978 Hi(k Lew Com pi ay Last Sale +es Or'. Qr'» Net Dhr y'M P/E err V«i Day COM) High Lew SECTION ONE INDUSTRIALS 154 204 110 244 88 206 100 270 422 140 134 105 56 212 57* 155 140 182 350 01 Acma Alcorn Allied2,333 words
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Article114 1978-01-12 10 mngapou unit tv. m DXCOMB BON D UNIT krial)) TT*OomjZMTC* in 1 mm mcowSST" «•> 1.0* l.M •"■e^neFund i n •>« Proj rund to l.M o.« MABA BUMmrTEA FUND fsrr*. XM Mm rim Bumlputra ferJull) IE port Invwt rund lot LE Sccond Bumlputra l.M l.M Third Bumlputra l.M114 words
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Page 10 Advertisements
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Advertisement160 1978-01-12 10 COLLECTINQ Oriental Antknej by Judith Moorhouse and Dries Blitz i cy Hamlyn Group, London. Oriental antiques have always fascinated collectors sanXXi®pii?®Tt W orl s' evoking th ®y do the exotic and Inscrutable East. It is, however, widely believed that they are too expensive for the average collector. This myth Is160 words
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Article, Illustration675 1978-01-12 11 SINGAPORE STEADY to firm conditions prer.il.d f# i. el i T# on the Stock Ex- Singapore yesterv **«»J couator* runaway *■<«« th. ■MrftWaaibtihgwtdi strong udirhm* to pott ■fSj**** rises generally.. With advance. noted in «Tto. ton active stocks otthe day, Um Business Times Ud« jumped 3.81675 words
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COMPANY NEWS
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Article68 1978-01-12 11 <mJw,£eflnin* Company haj announced IP* *PPojntment of Mr. Da rid Soton Hcdlltid effect from Dec 20, 1977» Following the death of X B T Sri Nik AJuaod SfK 0 resignation Of Mr. Pie tor Simon vu dor um*?!? 1 Si!?® 1 from O* Hm, the board of68 words
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COMPANY MEETINGS
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Article25 1978-01-12 11 The following company meetings are due: Jan 12, 1978 at its registered office, 25 Beach Street, Penang, Malaysia at 12.30 p.m.25 words
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Article20 1978-01-12 11 Jan. 22 at Its registered office, No. 6-2. Jalan Fatimah, Batu Pahat, Johore at 10.30 a.m.20 words
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460 1978-01-12 11 DECLINING chemical prices and the prevailing uncertainties In the International economic scene are expected to further adversely affect the sales revenue of Chemical Industries (Far East) in the current year ending March 31, 1978. Sounding this gloomy note In his annual report to shareholders,460 words
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Article317 1978-01-12 11 Carrol Ex Dais ii TetaJfcr pwrtwi year Cold Storage Hldgs FAN Sf" DM 30 Dec 30 Jan 10 Jan 18 7*1(1) 0* 18.4*4a) 18* ii 900* !SS" Dec 15 Sept 19 Dac8 Jan 11 Jan 19 Jan 20 800* ft* 10* 200* 23* Duff Dev Batu Kawan Chin317 words
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704 1978-01-12 11 MANO SABNANI - By MANO SABNANI AS WIDELY anticipated, Yeo Hiap Seng (MaUysla) has unveiled an extent set of results with group pre-tax profit rising to a record level of M 55.07 million for the year ended Sept 30. 1977. The latest results, which are achieved704 words
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202 1978-01-12 11 STRAITS Steamship has sold 51 per cent of the equity i of wholly-owned Malay- > slan subsidiary, Syarlkat Perkapalan Kris, to Dato Syed Nahar Shahabuddln. The sale will enable the company to achieve bumlputra status. Mr. John O. Gllmour, chairman of Straits Steamship said202 words
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Article41 1978-01-12 11 HONG Leong Finance says 0.77 per cent of its paid-up capital of $15.4 million is beneficially owned or controlled by foreign persons as at Dec 31, 1977. The company reveals this information in accordance with Its Articles of Association.41 words
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Page 11 Advertisements
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Advertisement0 1978-01-12 11 )"[}{)|'<&<-)-)/"])&|-.~]|+,,?]0 words
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Advertisement215 1978-01-12 11 THE AUDIQPHILE He's an inquisitive fellow, what else? And into Hi-Fi. And in The Craft of Sound magazine. What's this thing called an audiophile? He's into hi-fi in a big way, of course. And his pipe ana whiskers are for certain. Much else we don't know, but we've crowded quite215 words
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Article, Illustration1079 1978-01-12 12 JOHN TAN - SUBSIDY FOR RICE, SUGAR SALES By JOHN TAN NTUC'S Welcome group of supermarkets does not ln- tend to compete more acI tlvely with the private sector. It will Instead concen- trate on opening more stores in heavily populated areas. This assurance was given by1,079 words
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354 1978-01-12 12 AFP. THAILAND and Vietnam yesterday signed an air agreement authorising airlines of both countries to overfly each other's territory. The agreement for air services between both countries was signed at the Thai Foreign Ministry by Thai Foreign Minister Upadit Panchoriyangkun and Phung The Thai,AFP. - 354 words
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194 1978-01-12 12 Reuter. INTERNATIONAL talks ia Paris export credit term at tk« Orgaaisatiea far Economic Coipentiwi and Development are taaspe rarily stalled after a atagreement bet wan US aad European participants. The talks, la tended to reformulate aa International credits, have adjourned until this Moraine while theReuter. - 194 words
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Article31 1978-01-12 12 Reuter. A VIETNAMESE rubber mission will visit Malaysia next month to work out details of Malaysian technical assistance for rehabilitation of the warravaged rubber industry in Vietnam. Reuter.Reuter. - 31 words
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Article490 1978-01-12 12 SINGAPORE'S timber industry did not live up to earlier promises of recovery and the third quarter of last year saw a continued slowdown In the Industry. Total exports of timber and timber products declined during the quarter 8 per cent by volume and value from the490 words
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Article65 1978-01-12 12 CONSUMER prices In the 24 member countries of the OECD rose by an average of 0.4 per cent In November, bringing the average rise over the past 12 months to 8.6 per cent. An OECD spokesman said that seasonally adjusted figures for the past six months showed65 words
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Article106 1978-01-12 12 Reuter. ITALY has asked the EEC to declare a state of crisis in the synthetic fibres sector following talks Industry Ministry Carlo Donat Cattln had with EEC Industry Commissioner Etlenne Davlgnon. The Italian chemical industry is undergoing a severe crisis, only a European agreement canReuter. - 106 words
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671 1978-01-12 12 AP. BROKERS In London predicted a relatively quiet first six months In sugar trading this year with buyers determining price levels to the end of March when sellers are expected to take over. Among the buyers, China holds the key. Entering the marketAP. - 671 words
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633 1978-01-12 12 Reuter, UPI US SPECIAL Trade Representative Robert Strauss arrive in Tokyo yesterday to sign an interim agreement settling a five-month trade arar between Japan and the United States. The communique Mr. Strauss will sign contains concessions to American demands that Japan reduce its hugeReuter,; UPI - 633 words
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Article727 1978-01-12 12 LONDON. Wed Stock prices closed higher after reverting the Initial trend. Government bonds were little changed Leading equities closed a few pence higher In light to moderate trading. At 3.00 p.m. the Financial Times index was up 1.5 at 486.0. Mining shares moved irregularly, influenced by the gold727 words
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Page 12 Advertisements
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Advertisement35 1978-01-12 12 TODAY Lunch at OKOH OF GINZA iPaH'es Quay'. N r Fanfas'K Yak < S^eciks l One and only Roba?o '-confer in tr„ V ir Come i\ Ge*' w^> "1 „ot< 4 j r OKOH OF GINZA35 words
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Advertisement456 1978-01-12 12 Business Management in Penguins The Debt Tr«p: Cheryl Payer The International Monetary Fund is the most powerful supra-national government in the world today. This book is ebout the efforts of poor netions to pin some control over their own economies end the role of IMF in frostrating these efforts. A456 words
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