The Business Times, 26 January 1978
1978-01-26
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The Business Times
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Title Section11 1978-01-26 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURSDAY, JANUARY 26, 1978 50 CENTS11 words
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BRIEFLY...
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Article58 1978-01-26 1 AP KUALA LUMPUR, Wed. Talks between British and Malaysian government officials on permission for the Concorde to overfly Malaysian airspace resumed Uxlay. The Malaysian side is led by the secretarySeneral of the Communications Ministry, lohamed Noor Hassan, while the British team Is lead by O.H. Kemmls, anAP - 58 words
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Article84 1978-01-26 1 Reuter WASHINGTON, Wed. Energy Secretary James Schleslnger said It is incorrect to believe Saudi Arabia will keep its oil production high enough to maintain world supply and demand in balance. The Baudls, who are now producing 8.5 million barrels a day, are expanding production that willReuter - 84 words
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Article47 1978-01-26 1 AFP THE state-owned Philippine Airlines opened the first of Its two DC-10 services to Singapore yesterday. PAL chairman Roman Cruz Jr said the DC-10 was the first wide-body aircraft In the region to be allowed to operate to Singapore from Manila by Its government. AFP.AFP - 47 words
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Article69 1978-01-26 1 Reuter WASHINGTON, Wed. Legislation providing for a sweeping overhaul of the US foreign aid programme was unveiled in the Senate today 12 days after the death of Its chief architect, Senator Hubert Humphrey. The bill, which aides said was likely to lead to some bureaucratic infighting within theReuter - 69 words
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Article64 1978-01-26 1 UPI MANILA, Wed. Philippine garment exports totalled US$2B5 million (***** million) last year, up $175 million over 1078's. Trade Secretary Troadlo Qulazon said during the opening of the Manila apparel fiesta at Manila Hotel the Increase in exports was a result of the growing acceptance abroad ofUPI - 64 words
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Article67 1978-01-26 1 Reuter NEW YORK, Wed. Bank Indonesia has signed a US$5OO million (551.17 billion) replacement financing loan with Morgan Guaranty Trust Co, which acted as agent for a syndicate of international banks. Bank Indonesia said the loan is for seven years with amortisation by nine semi-annual instalments beginning AprilReuter - 67 words
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Article73 1978-01-26 1 UPI LONDON, Wed. The US dollar continued Its downward slide on foreign exchanges today while gold, trading at Its highest level in nearly three years, Jumped again. The dollar eased to 2.1080 marks from 2.1085 In Frankfurt. In Zurich it was down to 1.9890 Swiss francsUPI - 73 words
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Article45 1978-01-26 1 AP NEW YORK, Wed. Shares were little changed In active trading early today on the New York Stock Exchange The Dow Jones average of 30 industrials was up 0.09 to 771.66 In the first half-hour. Overall, losers and gainers were evenly matched. APAP - 45 words
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Chief Price Changes
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Article125 1978-01-26 1 Rises Most active Pacific Dev Selangor Dredg M Tobacco C Sugar* Iat Wood Perak Carbide F E Levingston Duff Dev M Cement JC-MPH Falls D Keramat Strait* Trading S Finance KKampar C*C Lien Hoe Cheat Ind 260 464 600 263 160 80 270 145 262 133 815125 words
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Article, Illustration165 1978-01-26 1 SELECTIVE trading took plict in bwly «tf|jy condition* on the Stock Krrhsnge of Singapore yesterday, with BMMt counters finishing one or two Mti around their previous level*. The Business Times index rose 4.52 points to 52U1 while the Straits Times Industrial share index edged 0.38 point up165 words
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Article1183 1978-01-26 1 JOHN TAN - RED TAPE AND TAX DIFFICULTIES By JOHN TAN DIFFICULTIES with taxes, red tape and the general market structure are hampering Singapore's growth as an International financial centre. Though Singapore has established Itself as the financial centre for Southeast Asia, and the future looks bright,1,183 words
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818 1978-01-26 1 TSANG SAU YIN - •y TSANG SAU YIN FLYING TIGER Lines, the American all-cargo carrier, has been granted landing rights In Singapore. When the inaugural flight arrives at Singapore Airport some time next month. It will mark the carrier's first expansion In Asia since 1969 That year, a sales818 words
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239 1978-01-26 1 Reuter JAPAN'S Finance Ministry said full libera* lisation of gold trading is among the foreign exchange control relaxation measures being considered. Officials expect the measures to be announced either late this week or next week. At present gold imports by individuals and corporationsReuter - 239 words
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431 1978-01-26 1 RONNIE LIM - »y RONNIE LIM THE ABBOCIATION of Electronic Industries In Singapore (AEIS) Is to compile a list of reliable components and parts manufacturers In a bid to upgrade the Industry. Under the scheme, the list of approved manufacturers will enjoy greater patronage from AEIS members431 words
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Article39 1978-01-26 1 Reuter WEST German Foreign Minister Hans-Dietrich Qenscher expressed 'the grave concern felt In Europe about Japan's favourable trade balance with the European Economic Community during talks with Japan's Foreign Trade Minister Nobuhlko Ushlba in Bonn yesterday.Reuter - 39 words
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Page 1 Advertisements
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Advertisement119 1978-01-26 1 AMOST mnNGRMiED cm Peugeot 604 exudes luxury. It's rigid body is protected by Electrophoresis and six handsprayed coots of point 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 suspension and extensive padding for119 words
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Advertisement15 1978-01-26 1 SEE PAGE I BANK Rakyat will stick to HIGH tanwat axpaeiai mt mmm rrr,:^W ni15 words
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Advertisement152 1978-01-26 1 The Blgßoy S"T« aCT (518 c*) Not mm £IS£tf fl 4 susiriEss QU<3RT£*i N p tjmm. The Autumn issue of the ASEAN Business Quarterly includes a 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 energy152 words
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TRADE AND INDUSTRY
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Article202 1978-01-26 2 COURSES AND TALKS DATES TITLE Jan LOCATION ORGANISER 9-30 9Feb2 9-30 10-31 10-27 17-30 28-29 14-28 Industrial Application of Operational Amplifiers S.O. Module in Elements of Industrial Engineering Energy Management Module 1 Industrial Health and Safety LCA Module I Mechanisation of Production Processes Sales Management Orientation seminar on202 words
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Article481 1978-01-26 2 PETER CHIA - ■r PETER CHIA THE South-east Asian diet Is low in protein. The dally Intake of protein is 2,150 calories per person In developing countries compared with 3,060 In developed nations. Asean countries are therefore focusing Increasingly on the production of protein-rich foods such as481 words
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100 1978-01-26 2 PROGRAMMES have been drawn up to promote continued cooperation among scientific workers from various Asean research institutions on protein and soy sauce manufacturing techniques. This was announced by the Asean sub-committee and the fourth Asean workshop Involved In these discussions. The programmes include developing low100 words
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637 1978-01-26 2 Agencies SOUTH KOREA'S economy will achieve an average real growth of 10.1 per cent annually between 1977 and 1991, a long-term report prepared by a government organisation said yesterday. The Economic Planning Board briefed President Park Chung-hee on the report prepared by theAgencies - 637 words
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Article234 1978-01-26 2 THE NUMBER of visitors to Singapore grew by 12.1 per cent to 147,110 visitors in November last year, compared with November, 1976. Indonesians maintained their lead with 25,001 visitors. This represented a growth of 28 per cent which is also the highest growth rate. In second234 words
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Article276 1978-01-26 2 Reuter A LEADING Australian farm Industry official yesterday warned of a possible boycott of EEC products amid mounting criticism of the Community's trade barriers to Australian exports. Sir Samuel Burston, president of the Australian Wootgrowers' and Orasters' Council, declared that only a tough stance, withReuter - 276 words
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152 1978-01-26 2 THE secead Offshore South-east Asia exhibition is expected to draw thousands of senior representative* from the petroleum industry in the region. The first such exhibition in 1976 attracted over 21,000 visitors of which 6,000 ware from overseas. Miaa Jean MaoDoaald, a director of Offshore South-east152 words
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Article97 1978-01-26 2 ABOUT 200 supervisors recently sat (or the Training- within- Industry (TWI) basic RIMS (Job relations, instruction, method and safety) and supplementary DACO (Job discussion, action, control, and orientation) certificate examinations. The examinations were held at the Adult Education Board Headquarters and at the Natloi\al97 words
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Article68 1978-01-26 2 SINGAPORE Airport Terminal Services (SATS) recently accepted delivery of 45 baggage trailers from Bo us lead Engineering. The trailers, costing $100,000. were manufactured at Boustead's Jurong plant. Delivered at the end of December, It will complement SAT's Paya Lebar Airport trailer fleet. With a two-tonne capacity.68 words
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Article52 1978-01-26 2 A MAIL registration service will be introduced with the Republic of Maldives in the Indian Ocean as from Feb. 1. All categories of letter* post items destined for the Republic of Maldives may be posted for transmission by surface and air mal! registered pott as from52 words
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Article, Illustration440 1978-01-26 2 RONNIE LIM - •y RONNIE LIM A BRITISH engineering company, which has successfully Introduced its revolutionary variable pressure steel blasting equipment in the UK, is looking for an agent In Singapore to market the product In the region. Mitsubishi of Japan has already signed an agreement with the440 words
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451 1978-01-26 2 THE NEW Bank Rakyat management plans to halt its predecessor's diversification programme and concentrate instead on consolidating Its financial status. It expects eventually to divest Itself of Its manufacturing and property development activities, according to qualified sources. For a start the bank Intends to451 words
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Article95 1978-01-26 2 IT WILL cost more to advertise on Rediffuslon from April 1 this year. Spot advertising will cost 10 per cent more, while programme rates will increase by an even higher margin. This upward adjustment is due to the 6.6 per cent increase in the number of Redlffusion95 words
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Page 2 Advertisements
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Advertisement127 1978-01-26 2 study with W)lsev Hall OXFORD Institute of Administrate Management Institute <»f Bankers Inst of Chartered Secretaries Administrators In>t of Statistic an* London Chamber of Comm Industry HSC GCf A Lewe! MCE SCGCt O I »•.el London AFBGCf A C Modern M ithematics t< r T Foulks Lvnch LONDON V- of127 words
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Advertisement18 1978-01-26 2 *11 m. RKDIFFI SION nist per 1000 range from SO K < |i, %4 u.niv I hut VAI.IT r»18 words
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Page 2 Miscellaneous
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Miscellaneous556 1978-01-26 2 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 An entertaining Zulu rhyme < 4 > 4 A mlx-up involving aome obi Una te beast outm Mouth-piece! (1) 10 She's In the Russian navy (4) 13 A camping arrangement for a military expedition (I) 14 Follow* jack with a nlghtUght(7) IS Unusual556 words
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OVERSEAS
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232 1978-01-26 3 Reuter THE world economy will Probably repeat the 1977 pattern of sluggish growth which l« Insufficient to simulate Investment and prevent higher unemployment. Addressing the Royal Institute fop International Affairs, OECD secretary ••neral Bmlle van Lennep ■aid he foresees a reasonably sustained rateReuter - 232 words
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Article129 1978-01-26 3 Reuter CANADA'S seasonally adjusted real domestic product index rose 0.6 per cent to 129.1 la November from a revised 128.3 in October. Statistics Canada said this compares with 124.1 a year ago (base 1971). Goods producing industries rose 0.2 per cent, while service producing industries rose 0.7Reuter - 129 words
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Article, Illustration632 1978-01-26 3 Reuter WILLIAM MILLER, chairman-designate of the Federal Reserve Board, said he does not favour a change In the way capital gains are taxed, such as indexing them to the tax base or as straight income. He told the Senate banking committee thatReuter - 632 words
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440 1978-01-26 3 BRITISH Chancellor of the Exchequer Denis Healey Is planning substantial tax cuts in his March/April budget for 1978/79 which may exceed 2 per cent of gross domestic product. Trade union leaders who met Mr. Healey on Tuesday for private talks on his forthcoming440 words
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629 1978-01-26 3 NYT THE Soviet Union the world's largest oil producer, Is about to enter a period of growing hardship and expense in developing Its vast petroleum reserves to meet the soaring need for energy. Already dependent on oil from beneath the harsh, uninhabited flatlands ofNYT - 629 words
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WORLD IN BRIEF
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Article452 1978-01-26 3 Agencies US chief trade negotiator Robert Strauss said on Tuesday he is confident the July deadline for agreement between the US Japan and the EEC on expanding trade in Industrial and farm products could be met. He expects to file the negotiated agreements with the US senateAgencies - 452 words
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204 1978-01-26 3 Reuter NEW orders for durable goods rooe USs3.3* bUlloa (5M.93 bilbos) or 5.5 per cent to a seasonally adjusted $(5.37 billion ia December. The Commerce Department reported this compered with a 0.8 pee cent drop in November and a 5.» per cent riseReuter - 204 words
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993 1978-01-26 3 FEDERAL RESERVE HAS OTHER TACTICS Washington star THE Federal Reserve Board apparently has decided that rating Interest rates in the United States is not the way to defend the dollar abroad. According to analysts, the Fed has concluded that defence of the dollarWashington star - 993 words
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Page 3 Advertisements
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Advertisement290 1978-01-26 3 A I Ell SJMTAT Krnt 2 Car »1 < LL SITES MAY BECOME GHO6T TOWNS US dollar Metro Calls Contractors fear S *££2, labour squeeze uncertainty PftTEdf B £5 —4 5 H ff ETT.TT T_JC EX g r-r 3 f l: r V N VV»* v*. V-.. V g f290 words
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RAW MATERIALS
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Article337 1978-01-26 4 OPENINO prices In the Singapore rubber market were marked down yesterday, following after hour easiness, but later recovered slightly on some upcountry buying and short-covering. Prices fell back again towards the morning's close on some fresh selling. The market cloeea easier with February RSS One337 words
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Article305 1978-01-26 4 R.A.8. prices in emu per kilo rnelimlsj Noon (per Ulo) Close (per kilo) Int. 1 R.8.8. prompt fob Int. 1 R.8.8. February Int. 1 R.8.8. March Int. 2 R.8.8. UK/Cont. Int. 3 R.8.8. UK/Cont. Int. 4 R.8.8. UK/Cont. Int.SR.S.S. UK/Coot. Buyers 2M.00 200.00 200.SO IM.OO 1(7.M IM.OO IM.M305 words
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Article76 1978-01-26 4 NOON SSR and SMR prices yesterday: HAS February (Carnal Mtk) Bayer* Seller* (ceaU per kg) March (Forward Mtk) Buyer* Sellers (eeatsperkg) SSR 20 SSR 90 (1—ton pallet) (1—ton pallet) 192.90 190.90 194.50N 192. SON 193.50 1*1.50 19S.50N 1*3 90N M.R.E.L.B. SMRSCV SMR9L SMR 5 SMR 30 SMR76 words
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Article28 1978-01-26 4 Rabbar: Ju IS "fSSUr IM.2S ccnu 1.7* CMtl) Malaysia: February 2W.75 (Sow* 2.2S cant*) Tta: SI.C2SS (*>wb |31 H) Official offerim«: 233 ta—aa Moot 42 liana)28 words
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Article170 1978-01-26 4 BANGKOK rice prices were quoted as follows yesterday: (US dollars per tonne fob buls Bangkok) White Rice: 100 pet Ist clan 370. 100 r:t 2nd class 355. 100 pet 3rd class 350 pet 341. 10 pet 323. IS pet 320. 20 pet 317. 25 pet 31$. 35 pet unq170 words
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Article388 1978-01-26 4 TRADING was at a low level In generally steady conditions on the Singapore produce market yesterday. Bome sales were made in the copra and coconut oil sectors to provide life to an otherwise lethargic market. Moat of the coconut oil sold to the neighbouring countries were in small388 words
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Article166 1978-01-26 4 ROBUSTA futures yesterday opened t'2 lower to C 6 per tonne higher In LONDON, compared with Tuesday's close. Turnover was 218 lots. The official tone was "slfghtly steadier." Near months steadied on well matched dealer trading after initial losses of up to 115. Arabica futures opened with on balance166 words
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Article125 1978-01-26 4 TERMINAL cocoa In LONDON closed the first call CIO up from Tuesday night to CI down yesterday, mainly against New York, but steadiness of sterling helped to contain any further advance. However, open trading saw prices moving up with trade buying possibly price fixing, providing significant support. Ghana, although125 words
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Article65 1978-01-26 4 C.I.P. US dollars per ton. LONDON Tantay Malaysian 5% ffa bulk March Sumatra 5% ffa Jan i Feb March June/July 512 sir unch 512H/520 pd 500 pd 490 492pd «o pd 506 air 530/535 pd 535alr 510 sir 492 50 sir MS sir 470 pd ROTTERDAM Sumatra March/Feb65 words
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Article161 1978-01-26 4 THE STRAITS tin price In Penang yesterday fell MS3l* to $1,028% on an official offering down 42 tonnes to 233 tonnes. In LONDON yesterday, Un closed with gains of £25 for cash and £10 for Three Months In both contracts. Values were marked down at the outset of161 words
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Article147 1978-01-26 4 TERMINAL opened 10.10 higher to t'0.15 per tonne lower in LONDON yesterday against Tuesday afternoon's closing levels. Turnover totalled 471 lots. Market sources said values ruled steady at the opening on trade buying, but soon quietened on lack of fresh news. The London dally raws price was down t*l147 words
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Article383 1978-01-26 4 SUGAR futures In HONGKONG closed easier yesterday. with losses ranging from US 0.06 to 0.11 cents In quiet and featureless trading. Dealers said there were no lots traded until the final 20 minutes. Turnover dropped to a near record low of six lots against 29 on Tuesday. Five383 words
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Article75 1978-01-26 4 SOYBEAN futures on Tuesday. traded sluggishly in a narrow range in CHICAGO before finishing the session US3 1/4 to four cents a bushel lower. The market showed early weakness when Tuesday's advance failed to continue in the morning and the lack of follow-through prompted liquidation and light speculative selling.75 words
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Article94 1978-01-26 4 WHEAT futures closed USI 1/2 to 2 1/4 cents a bushel lower in CHICAGO on Tuesday, after being unable to holo small gains in early trading. Prices firmed In the early dealings on commercial and commission house buying, but with follow-through lacking and soybeans showing weakness, they fell back.94 words
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Article269 1978-01-26 4 COPPER wirebars in LONDON yesterday finished the morning unchanged from previous ring levels. The market was very quiet throughout the session with business transacted within a £3 range during pre-market, ring and kerb dealings. The steadiness in gold and the partial recovery in other base metals were stabilising influences269 words
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Article134 1978-01-26 4 SILVER yesterday finished softer tone In gold, with gains of 0.5 to 0.2 Three Months closed the Gnce per troy ounce in ring trading at 261.8 pence >NDON. per troy ounce. eafhir" bv'steidlnSJTtS In NEW YORK on Tues aold trade c<wnex sllver futures were steadier In the early dealerV134 words
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Article329 1978-01-26 4 THE kllobar in Singapore yesterday opened at 5513,313 and closed at 8913,341 In quiet trading. In the London market, the metal opened at U*****.K/65 and closed at U*****.M/177.50. The London morning fix was U8f177.00, up 20 cents from the previous fix. Source: SI—MS Retail prices per tael quoted by329 words
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Article36 1978-01-26 4 LEAD finished the morning with gains of mostly £5.75 per tonne In LONDON yesterday. Three Months traded up to £325 in the pre-market, but subsequently slipped back under profit-taking to finish the kerb at £319.36 words
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Article45 1978-01-26 4 ZINC closed the ring showing gains of £7.25 for cash and £6.75 for Throe Months in LONDON yesterday. Three Months traded up to £353.25 in the ring before softening on the kerb to £351 under profit-taking. Sales of 5,975 tonnes were about half carries.45 words
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MONEY AND EXCHANGES
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Article481 1978-01-26 4 RATES hardly budged the local foreign exchange market yesterday as dealers stayed on the sidelines because of growing uncertainty about the state of the dollar, continued Bundesbank Intervention, and expected US trade figures to be released later In the evening. Against all currencies, the US dollar stayed practically481 words
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Article51 1978-01-26 4 AC8C 7 Algernon* Bank 7 First Chicago 7 Bangkok Bask 7 Bank of America 7 Buk oi China 7 Bank of Tokyo 7 Bank Nocara IndtMnic H8BC 7 I»<«w 7W Malayan 7 Mltoui Bank 7 OCBC (S OUB 7 Chartered Bank Chase Manhattan 7 VCB m UMBC51 words
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Article160 1978-01-26 4 Asian rates ASIAN currency deposit interbank rate* ax at cloae on Jan 25 7days 1 mth 2 mths 3 mth* 6 mths 9 mths 12 mths L'S Dollar* l%M) Offer Bid .7 I/I# 615/16 03/4 65/8 7 6 7/8 7 5/16 73/16 .7 11/10 7 ft/16 .7 13/16 711/16 .7160 words
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Article147 1978-01-26 4 Euro rates SHORTDATES Eurodollar deposit rates in LONDON eased slightly yesterday, In early trading after opening steady. Fixed dates were basically steady despite a lower opening due to the Friday dealings technicality. Overnight fell around 1/8 from it* early level with little bidding Interest noted and funds coming on offer.147 words
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Article40 1978-01-26 4 THE Monetary Authority of Singapore invites banks and discount houses to tender a total of Ssls million 91-day Treasury bills to be Issued from Jan 31 to Feb 3. Each tender must not be less than $250,000.40 words
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Article171 1978-01-26 4 THE US dollar recovered from early easiness to around its overnight levels in thin trading In LONDON yesterday. US and German trade data, due shortly, is now more or less discounted, though the market remains uncertain in general about the dollar's outlook. Dealers said the dollar's slight gains may171 words
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Article163 1978-01-26 4 THE US dollar In NEW YORK closed weaker on Tuesday on news the Senate banking committee is holding up confirmation of Federal Reserve chairmandesignate William Miller pending investigations of payments to Iran and Bell Helicopter, a Textron subsidiary. Sterling closed near Its high for the day at U551.9480/90163 words
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Article128 1978-01-26 4 THE US dollar for overnight delivery closed slightly higher In TOKYO yesterday at 241.65 yen, compared with a 241.50 opening and 241.45 at Tuesday's close. Trading was quiet with volume $178 million. No central bank Intervention was detected. The market was calm with traders and banks cautiously awaiting the128 words
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Article108 1978-01-26 4 THE US dollar In HONGKONG yesterday closed virtually unchanged from New York levels in slow trading. Operators were generally reluctant to open new positions ahead of yesterday's European trading. The dollar was quoted at 2.1040/55 marks, against New York's 2.1035/50. at 1.9475/85 against sterling compared with 1.9480/90 in the108 words
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Article287 1978-01-26 4 LONDON Eurobond prices eased slightly in nervous trading as the US dollar weakened. Overall activity was small. US dollar bonds generally shed 1/4 point though some dealers reported prices were up to 1/2 point down in places. UK straight Issues eased 1/8 to 1/4 point in line with the287 words
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Article32 1978-01-26 4 AUSTRALIA/NZ exchanges quoted on Jan 25. AUSTRALIA US dollar 1.1422/1 1374 Startaf t HM NU s£u.y»wn rmm: US dolbn 1.1722 US doiiri l lmo NCW ZEALAND: Mai line* »73/5.3M6 s^yaa«u«« SSXfSi32 words
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Article41 1978-01-26 4 FRANKFURT exchanges opening quotes on Jan 25. US 2. 1035/50 Call 1 9000/10 SU 4 006/106 Dfl 83 46/44 Sfr 106 10/107 IS Lit 2 rtr 44 06/75 Kb 41.02/12 Bfr eon 0.46/47 Bfr Ml 0.43/04 Yon 0 X 715/3641 words
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Article49 1978-01-26 4 ZURICH exchanges ctoctng quotes on Jan M US 1 (706-0700 St« *****-0610 Con *****-7*40 Dm* 03 1031-7322 Dfl 47 0001-7000 rtr 41.0106-0707 an- o-iioo siii Dkr 34 4700-0230 Nkr 30 4730-6134 Skr 01 4007-6111 Ut 2777-2270 A— Kb 13 0402-0723 Port 4 *107-0600 Af* 0 31-41 V«l 0.0101-010849 words
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Page 4 Advertisements
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Advertisement324 1978-01-26 4 Slow boat M ■A. P CHINA TRADE QUARTERLY fjr East Publications I9l3,**anglung Centre, Paterson Street, Causeway Bay, Hong Kong. Please enter my full subscription to China Trade Quarterly. I am enclosing a cheque/money order for US$2OO.OO or equivalent in other currencies. I IPlease forward issue(s). at U5566.00 each. -of China324 words
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TRANSPORT
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446 1978-01-26 5 Reuter AMERICAN Airlines has fired another salvo In the continuing domestic fare price war. American said It is adding 37 more markets to its super saver discount air fare programme, which provide discounts of nearly 50 per cent for mid-week travel In Its secondReuter - 446 words
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Article284 1978-01-26 5 Reuter PLANS to reduce oil pollution, ease the world tanker surplus and give more work to shipyards could raise the elf oil price by around one to 2 per cent. The Organisation for Economic Cooperation and Development's (OECD) working party on oil carriers hasReuter - 284 words
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Article, Illustration355 1978-01-26 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Fujlyasu Mara (JAJU TANKER) (1500 subject gas free after Botany Triumph) and Palm Sea Horse P/O) 16 Kim Ann (0000 after Palm Sea Horse) 13/14 King Lake (after Samson It King Fish hauls) 25 Kins Tower (shifts after King Sun) 22 Ocean355 words
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1321 1978-01-26 5 TERESA LIM - MORE WILL BE SUCKED UNDER By TERESA LIM LAST YEAR was the most traumatic for shipping finance. Shipowners, shipbuilders and merchant bankers were caught up in a whirlpool of disastrous events as they sought to raise or recover money in an acutely depressed freight1,321 words
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Article122 1978-01-26 5 UPI A JAPAN Air Lines Jumbo Jetliner bound for Seoul, South Korea, will become the first international flight to depart from the new Tokyo International airport at Narita on April 3. The airport, 65 km east of Tokyo, was built at an estimated cost of US$2.6 billion (8*6.08UPI - 122 words
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Article, Illustration461 1978-01-26 5 RAHIM KASSIM - »y RAHIM KASSIM THE Beleau Wood, an oil rig platform ordered by the American firm Atwood and Associates Incorporated of Houston, Texas, was launched at the Bethlehem Singapore Shipyard yesterday. The platform was launched from Bethlehem's tilt-beam launching system which Is the only one of Its kind461 words
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Article140 1978-01-26 5 GRAIN trades failed to revive, and little single voyage fixing emerged on the London freight market on Tuesday But Hampton Roads coal featured on the Japan trade for the first time in nearly three months when the Janova received U898.90 (discharge free) for a 34,000-tonne January-Fe-bruary shipment. Other140 words
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Article60 1978-01-26 5 AFP THE volume of freight transportation on'the Yangtze, China's longest river, reached an all-time high, topping 30 million tonnes last fear, up 19.1 per cent over 1976. The 6,900-km-long river has more than 3,000 km of navigable waterway for motor vessels, New China News Agency said in aAFP - 60 words
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Article82 1978-01-26 5 UPI JAPAN Air Lines announced yesterday Jt has placed orders for four Boeing 737 aeroplanes and one Douglas DC-10-40 valued at US$223 million (8*522 million). Of the four Boeing Jumbo Jets, three are passenger planes and one u a cargo plane. The Douglas DC-10-40 is a passengerUPI - 82 words
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Article626 1978-01-26 5 ARRIVALS Service Local Operator Number Time Proa CPA CX003 0145 HKO MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL OIA OA980 1090 HLP CPA CX710 1035 HLP 8IA SQ103 1045 KUL SIA SQ209 1045 HLP OIA OA944 1055 PKU OIA OA908 1100 MES626 words
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Article206 1978-01-26 5 THE Saudi Arabian Shipping and Transportation Company runs the Par East Middle East Line. Saudi Arabian Shipping is an Arab-Dutch Joint venture formed in 1975 to cater for the Increased flow of Arab imports. A major partner in the Joint company Is the Nedlloyd Group. Backed by206 words
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Advertisement324 1978-01-26 5 from Penguin Hi r J i IN PENGUINS i i 1 Yukio Mishima firmly upheld the traditions of Japan's imperial past, which he believed were being slowly eroded by Western materialism. Disillusioned he astonished the world" in committing hara-kiri or ritual suicide by disembowelment. One of his last works, Runaway324 words
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Article468 1978-01-26 6 V. MR. HON BUI SEN'S budget speech to ton than two months away, so what better time to there than now to re-examine Singapore's fiscal Incentives, designed to promote economic development. One contentious point for a number of years to the 10 per cent468 words
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Article238 1978-01-26 6 THE electronics Industry has responded to the Government's call to upgrade Its standards in a positive way. The AEIS move is a promising start to higher quality products which the industry should aim for in the fast changing world of technology. The question now238 words
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Article, Illustration2468 1978-01-26 6 JOHN LLOYD - By JOHN LLOYD FT THE REVOLUTION in the watch market to currently more apparent than real, but in the long term will be more real than apparent. Th< explanation of this conundrum is to be found in the impact of the quartz, orFT - 2,468 words
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Article, Illustration200 1978-01-26 6 THE quarts-crystal method of timekeeping was first applied to clock in 1929. The wriat watch application did not appear on the retail market until tU *****. Since then the power source, type of display, styling and price range have changed greatly but all model* depend upon200 words
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Advertisement685 1978-01-26 6 I t sinGQpura FORUM® HOTEL SBS Orchard Road, S'pore 9. Tel: *****2 @<4po*>Hotel 406/407 Havelock Road, S'pore 3. Tel: *****1 Onchid inn "an oasis in tha oriant" 214 Dunearn Road, S'pore 11. Tel: *****2 V 7 Oxley RW Penang Road, S'pore t. Tel: *****1 SNGAPORE HLTON Ml Orchard Road, B'pore685 words
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Page 6 Miscellaneous
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Miscellaneous68 1978-01-26 6 bWEAT.HER 'V WE A THER outlook for Singapore from 6 am to noon today: Mainly fair. Report for 24 hours prior to 7.30 pm on Jan 25 at the airport. Maxim am Temperature 31.7° C Associated Humidity 58 Minimum Temperature 23.5° C Associated Humidity 91 Hours of Sunshine 690 Rainfall68 words
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Miscellaneous258 1978-01-26 6 TV RADIO SINGAPORE 5 3.00 P.M. Opening announcements followed by Window (ChineseRepeat) 0 3.30 Diary of Events (Chinese) 3.35 Eight Heroes of Shao Lin (Repeat)* 4.15 Intermission 6.00 Opening announcements followed by Lassie The Most Dangerous Games 6.30 News in Brief 6.35 Warna Warni (Malay Repeat) .7.05 The Muppet Show258 words
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Article, Illustration1794 1978-01-26 7 CHAN BONG SOO - MALAYSIAN Customs smashed several tin ore smuggling syndicates, seized more than 200 tonnes of tin ore to the value of $3 million, and arrested 60 suspected smugglers last year. But how many and how much got away? The trouble with smuggling1,794 words
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Article, Illustration696 1978-01-26 7 SINGAPORE staged one of its greatest shows on Tuesday night Thaipusam, that exotic Hindu festival of penance where devotees fulfil their vows to the gods (primarily Lord Murugan) by piercing their bodies with steel spears, skewers and spikes and marching from Perumal Temple off Serangoon Road696 words
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Article1047 1978-01-26 7 LEONARD SILK - IFOROM, r i ...on economics •y LEONARD SILK ECONOMICS is full of fallacies, some of them pathetic. The pathetic fallacy, you will recall from high-school English, is the assigning of human traits or feelings to inanimate objects, as in "The Cruel Sea," "The Furious Waves." or "The1,047 words
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Page 7 Advertisements
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Advertisement390 1978-01-26 7 K I 1 4 I I S5 <2 HOTEL ASIA 37 Scotu Road, Singapore 9 Tel. *****8. HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel. ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scotu Road, Singapore 9 Tel: *****1. HOTEL GRAND CENTRAL 22390 words
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Advertisement18 1978-01-26 7 "WWi v^cEsrq* r* OE WARS *1 •ME OU> SCOTCH Mimnr Wit k*U Joh« 6tw«a i So»» LhlN KMMM18 words
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Page 7 Miscellaneous
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Miscellaneous73 1978-01-26 7 RriStcfW: PraiLk Dicitoas Roll ON Five O'CLOCK I CPiN'T U#MT "TO GeT PIUJFW Hton THtS PURGE PtfslD DOWN To Fungous HOT£L RT STDNCN/BePCM. LCTS S€£,NOW Two *-J€evcs top»&es Plos usrtPvT rve SKveD TrttoU&H Gives me vte. GCPMD IBTPvI OF <£122 tr i pufvi cp*«os Right l CV€.a COf\€. Brck. U«TM73 words
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INTERNATIONAL STOCK MARKETS
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Article328 1978-01-26 8 HOMQKONQ: Bhar* prices cloasd wmr yeeterday on light own-Mas selling and profit taking In quiet trading, dealer* The decline was stemmed near the cloee on light buying Interact, they added. Among the blue chips, JmiUm Mittw fell 30 cenU to 12.30 on oversea* aelllng, while Heag bag Beak eased328 words
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Article407 1978-01-26 8 TOKYO: Share prices closed lower yesterday. The Dow Jones average lost 18.06 to 5.007.33, with volume of 290 million shares. The New Index was 374.41 up 0.06. DeMfH* Priatiag, OJI Pajar, Mitsubishi Seal ■•tats and others lost ground on Prime Minister Takeo Pukuda's remark that there are no plans407 words
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Article309 1978-01-26 8 SYDNEY: The stock market closed generally weaker yesterday although same second rank Industrials firmed slightly. BHP eased two cents to A 95.36 as did Beak «f NSW to 3.24. However the ANZ added one to 93.30. PaacontineataJ loet 19 to 911.70 while neMseslsy dropped five to 92.20. Cealral Nevsamaa309 words
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Article147 1978-01-26 8 MANILA: The stock market closed mixed with oU and commercial averages advancing whll*' mining? declined, dealers said Turnover fell slightly to 2.23 million pesos from Tuesdays 2 30 million. Atlas lost two points while other mining issues were either unchanged or had small losses. Orieatal rose one point JAN147 words
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Article160 1978-01-26 8 jan a Bahts 47Asia Flbrr Bangkok Bank Bangkok Invest Bangkok-Metro-politan Bank Berll Jucker CarpetIntnl Charoong Thai Wire Dumex Dustt Thanl Faber Merlin rirst Trust Oenera Finance Indo-Thal Industrial Finance Corp J And J Ho Jala pra than Cgment Kamasuta Lee Kwang Mln Metal Box New City Raja Finance Rama160 words
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Article292 1978-01-26 8 AMSTERDAM Dutch internationals were led lower by Beyal Dutch, down 1.10 guilders, influenced by Wall Street and renewed pressure on the dollar oh Tuesday, dealers said. However, lleegyi made a smalt gain and transports rose, with Oaam up 3.30 at 143.50 guilders. In banks, ABN gained 3 50. though292 words
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Article151 1978-01-26 8 BRUSSELS: Belgian share prices were mainly lower In moderate trading on Tuesday, bourse sources said. FN, Clabaeq, Hainaut-Sambrc and Tnaeadertoo, however, rose against the trend. Hvbokra. which announced higher group net profit for 1976/77, was unchanged. In foreign stocks, Germans, Dutch and Canadians were mixed. while UK. US and151 words
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Article300 1978-01-26 8 FRANKFURT: Prices closed mixed after a thin session in which follow-up order to early gains gave way to late profittaking on Tuesday dealers said. Leading chemicals shed some recent gains, with Hoechat easing 1.10 marks, while Dnu| led engineerings up to 1.30 higher. Electrical*. stores and motors were miked300 words
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Article337 1978-01-26 8 PARIS: Shares eased on Tuesday on continued fears about the political situation ahead of the March elections but were not Influenced by the IddnappBaron Empaln. traders All sectors lost with RadioUckaique in electrical* and Mumm in foods at "limit down while hotels, stores, engineerings and chemicals were sharply lower.337 words
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Article265 1978-01-26 8 TORONTO: Bhut prtaes closed mixed In active tracing on Tuesday. The Composite Index was up a traction and declines outpaced advances M 7 to 190. A fold index decline ot more than M points was Its lartest drop since Jan 4 but real estate, up IS poinU, had IU265 words
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Article938 1978-01-26 8 NEW YORK: The stock market made a fruitless attempt to turn an Inttaseaslon advance into a closing rally as prices turned around in the final Jiour to finish mixed in moderate trading on Tuesday. The dollar's continued slide In overseas currency markets, uncertainties about future US tax and938 words
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Article1290 1978-01-26 8 January 24 TRADING on the Chicago Board Options Exchange came to 105,091 contracts compared with 100,380 contracts on Monday. option MAY AUG 1 STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel All R AUR AUR A*on A*on-P A*on Airon-P Aron Afon-P Bank Am Bank1,290 words
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Article151 1978-01-26 8 MILAN: The market closed firmer over a broad front on Tuesday, with all major Industrial and financial stocks showing gains, bourse sources said. M«at«4iMß firmed slightly, while Aaie and Saia were stronger. Plat gained and both Olivetti! and both Pirellis were firmer. JAN U Lire Ante 128 50 4-1151 words
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Article341 1978-01-26 8 JOHANNESBURG: Golds were quietly firm on Tuesday shortly before close on higher bullion indications, dealers said. Financial minings were harder In brisk dealings. Other metals and minerals were quietly steady Asbestos issues were off the top to close unchanged, while tin and copper counters were neglected. Industrials were basically341 words
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Article263 1978-01-26 8 ZURICH: Prices firmed slightly on selective demand on Tuesday. dealers said. Bank's registered stocks were little changed while the bearer stocks of Ualoa Bank, Swiss Bank Corp. Cndl Suisse and Volksbank were firmer. Ekktrowatt and Fabo featured gains In flnancials while OerllkaaBuehrle Inclined easier. Insurances were generally higher, while263 words
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Article56 1978-01-26 8 FINANCIAL TIMES INDUSTRIALS Tuesday 483.4 Monday «6.« Week Ago 470t DOW MNB AVERAGE INDUSTRIALS Tuesday 771.97 Monday 770.70 Week Ago 7IR.H LONDON DOLLAR Tueeday Monaay RJL HANOI Tuesday Monday Week A«0 7»H U> M IENO 410. U mm Mt.St SYDNEY INDUt rnuALS Tuesday 400.B0 Monday Week Ago 406.10 Tuesday56 words
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Page 8 Advertisements
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Advertisement351 1978-01-26 8 FROM FEDERAL PUBLICATIONS I IM ri 1€ OIA v\\\ 1 ,4 N V J N. a step-by-step guide An easy to understand vet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger of even the veriest novice.351 words
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INTERNATIONAL COMPANY NEWS
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Article268 1978-01-26 9 EUROPEAN COMPANIES Reuter LONDON. The British Government will not give Chrysler (UK) more than Its maximum commitment of £10 million to help fund loases by the company in 1977, Industry Secretary Eric Varley told Parliament. The British Government agreed with Chrysler Corp or the USReuter - 268 words
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Article142 1978-01-26 9 Reuter RANK Organisation said the £48 million rise in pretax profits of companies Jointly owned with Xerox Corp last year, resulted from a £29 million currency gain and a £17 million increase In the performance by the companies. Earlier, Rank Organisation reported an increase In pretax profitReuter - 142 words
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Article57 1978-01-26 9 ASIAN COMPANIES HONGKONG: Hutchison Properties said it will jointly with Tak Shing Investment Co develop a residential project in Kowloon. The plan is for two sixteen storey blocks which are estimated to have a market value of HKSIOO million. The development is scheduled for completion by early 1980.57 words
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Article46 1978-01-26 9 NIPPON Glass Co said Owens-Illlnols Inc of the US will soon acquire a 19.4 per cent stake or seven million shares in Nippon. The two companies entered Into a technical assistance agreement whereby Owens-Illinois will provide Nippon Glass with know-how on glass products.46 words
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Article165 1978-01-26 9 Reuter TOKYO: Trio Kenwood Corp said it is premature to forecast its business outlook this year, but it hopes to report an increase of 10 per cent or more consolidated Income and revenue this year, over the record year of 1977. It announced net profit and salesReuter - 165 words
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Article82 1978-01-26 9 NEW ZEALAND'S 200 million mark Eurobond, now scheduled to go into the market early next week, will be for seven years probably at 5.25 per cent, primary bond market sources said. The issue, led by Commerzbank AG, was ori- ginally due last week but was postponed owing82 words
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Article89 1978-01-26 9 LONDON: Rowntree Mackintosh said It plans to }*®ue a cis million 10-year Eurobond through Its Dutch unit Rowntree Mackintosh International Finance BV. Final terms are expected to be fixed on March 3' this year and present market conditions indicate a coupon or 10-1/4 per cent. A89 words
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Article68 1978-01-26 9 BTATE oil group ENI plans to spend over 10 trillion lire on Investments In its five year plan from 1977 to 1981 and It will need foreign loans to help finance them, chairman Pletro Sett* said In Rome. Of this total, 8.5 trillion lire will be spent on68 words
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Article129 1978-01-26 9 VICTOR of Japan said It will form a Joint venture, JVC Video Fiance BA, In Paris In April to market its video tape recorders and related equipment in France and Monaco. Capitalised at three million French francs, the joint firm will be owned 55 per cent129 words
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Article281 1978-01-26 9 NORTH AMERICAN COMPANIES Reuter ARMCO Steel Corp. reported a sharp recovery In the fourth quarter of Its machinery, manufacturing and service business, and a modest upturn in steelmaklng operations. The company said fourth quarter profits increased by 112 per cent to U8551.940 million, orReuter - 281 words
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Article187 1978-01-26 9 Reuter CONSOLIDATED Edison Co. of New York, the nation's largest utility which experienced a disastrous blackout last July, announced a 7.3 per cent Increase in profits for 1977 and said on Tuesday it was raising its dividend. But It predicted lower profits for 1978. Cons EdReuter - 187 words
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Article85 1978-01-26 9 BINOER Co said It cut Its debt In 1977 by about UBsl2o million and expects to further reduce it by $150 million in 1978. The company reported operating fourth quarter earnings of $20.8 million compared with $20.6 million In fourth quarter. 1976. It said air conditioning and85 words
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614 1978-01-26 9 CONTINENTAL Illinois Corp parent of Continental Illinois National Bank and Trust Company of Chicago, reported record annual income before security transactions of U*****,204,000, up 10 per cent from the $1J0.762.b00 recorded In 1976. Per share Income before security transactions was $4.05, compared with $3.72 In614 words
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Article333 1978-01-26 9 Reuter LAWYERS for Becton, Dickinson and Co., the hospital supplies manufacturer, have said that acquisition of 34 per cent of its shares by the Bun Oil Co. In private transactions last week were Illegal, the company said in Rutherford. New Jersey. The company said itsReuter - 333 words
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Article102 1978-01-26 9 ATLANTIC Richfield Co (Arco) said it is postponing further work on its planned US$l billion petrochemical complex In Solano County, California. The postponement was prompted by projections of a nationwide oversupply of the products to be manufactured by the proposed plant, Arco said. The company said It102 words
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Page 9 Advertisements
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Advertisement263 1978-01-26 9 <T tik/i •3i THE AUDIOPHILE He 'j- 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 and whiskers are for certain. Much else we don't know,263 words
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DEALS DONE ON THE SES AND KLSE
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Article1314 1978-01-26 10 BID u4 offer prices officially listed ud baiiMii la ui I mill i to tb Stock Eukun of flhniw y —totday with tho mimbm of okaroo MM okowa la brocket! ia ot* of I.SM ualto iial— otherwise *pscWod. All tiw Settlement Contract* are stod5 tod alter tko world1,314 words
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Article129 1978-01-26 10 4 3/4% 1/5/79 (250.000) (100.678 100 70S) 5 1/4% 15/10/79 (250.000) (101.158 101.255) (8) 101.20 5 3/4% 1/6/78-M (250.000) (101.10B) 6 3/4% 15/6/H0 (250.000) (103.458) i 3/4% 15/9/M0 (250.000) (99 458 99.555) 3/4% I/12/H0 (250.000) (103.658) 5% T F IS/4/HI (250.000) (10I.50B) 5% T F 15/10/NI (250.000) (101129 words
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Article366 1978-01-26 10 STRIKING prices of the stock oplions officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yeolerdav. with the number of op Cold Storage (March 81.70) (0.328 0.355) (June SU7O) (0.338 0.405) C and C (March 52.20) 10.55' ;B 0.625) (June366 words
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Article1603 1978-01-26 10 BID and offer prices officially listed and business ia and reported to Ibe Kuala Lumpur Stuck Kxchangr yesterday with the number of shares traded shown in brackets in lots of I.COO units unless otherwise specified. INDUSTRIALS Asms (1.408). Alaom (2 55b 2 508) (1) 2 54 |4>1,603 words
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Article167 1978-01-26 10 SINUAPOU L'NIT mi' BT INCOME BOND UNIT IMimm' prim far Jaa JS) wml pi rlceal Thf Commrrc* in 1 88 INCOME BOND 1 00 1.18 Thr Saving fund S purr Pro* Fund 1.10 0 81 1.17 088 MARA BUMIPITRA FUND S'porr Srcurlly fund ISO I 01 1 70167 words
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Article2412 1978-01-26 10 I977/I97H High Law Company Last Sale ♦orGr's Div Div C'vr Gr's Y'ld Net P/E Vol <*999) Day Hiffk Low SECTION ONE INDUSTRIALS 154 200 119 244 88* 205 169 278 422 146 132 165 58 212 57* 155 144 182 350 91 Ac ma Alcorn Allied Choc2,412 words
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Page 10 Advertisements
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Advertisement168 1978-01-26 10 COLLKTINQ Oriental flNraiEJ ra i v Uf fltfi HTAI 0' n y > e 5\ by Judith Moor house and Dries Blitz Hamtyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they168 words
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Article, Illustration608 1978-01-26 11 SINGAPORE TRADING slowed down in barely steady conditions on the Stock Exchange of Singapore yesterday. Most of the traded counters hovered one or two cents around their overnight levels in low volume However, some counters were singled out for attention. Bnttheee were few608 words
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Article572 1978-01-26 11 ISOLATED cases of speculative Interest provided the Kuala Lumpur stock market with some steady support yesterday amidst the generally mixed trading conditions. Prices tended uncertain from the opening bell, and throughout the rest of the day no definite direction or sentiment was discernible. The572 words
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Article151 1978-01-26 11 MR. P.V. MENON, former manager of Diamond Jubilee Estate In Malacca, has been appointed the first Malaysian visiting agent by Harrisons and Crosfleld, a leading plantation agency aged 47. has been with H and C for more than 25 years and in plant- business since 1951. He be151 words
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COMPANY NEWS
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Article, Illustration978 1978-01-26 11 CHAN BONG SOO - By CHAN BONG SOO ALTHOUOH Malaysian Tobacco Company (MTC) has Just reported a 13 per cent setback In group pretax profit to $41.7 million for the year ended Sept 30, 1977, there are still good reasons for optimism about the company s future.978 words
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Article, Illustration501 1978-01-26 11 HARPER-WIRA, the company formed through the acquisition of majority holding in Harper Gilflllan's shipping, forwarding and transport interests by the Koperasl Angkatan Tentera, will concentrate on consolidating its existing services In Peninsular Malaysia, Sarawak. Sabah and Brunei. Expansion into new areas will take place as501 words
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COMPANY MEETINGS
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Article16 1978-01-26 11 The following company meetings are due: AOMon Jan 27.11.30 a.m. at Raffles Hotel, SlncaDore16 words
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Article19 1978-01-26 11 Jan 28 at the company's registered, 114 Jalan Sultan Yussuf, Ipoh, on Saturday at 12 p.m.19 words
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Article23 1978-01-26 11 Jan 28 at the company's board room, Bangunan UMBC, 3rd Floor, Jalan Sulalman. Kuala Lumpur, at 11.30 a.m.23 words
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Article20 1978-01-26 11 Jan 31 at the company's registered office, Ist Floor, MCA Building. Jalan Brewster. Ipoh. at 10 a.m.20 words
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428 1978-01-26 11 JUDGEMENT has now been nude absolute by the Hongkong Supreme Court ia Malaysia Borneo Finance's suits against the former chairman of San Imperial, Mr. Choo Kim San. This is revealed by Pacific Development Credit, the parent of MBF, in a letter to the428 words
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Article241 1978-01-26 11 sz* j™* Utf M'eee bkhr IT. Pit MGUn CuiC lMkbI«|M 8EAU.W NtlvuOM TWi Dlapaaaafjr B. Kadi U.M.FIeur UHBM Uattod Plaatatiw CCM SMikmltau C—IBK SoutWi, Malaya. Tim •HI 7*1 •mTWb) 19* 10*1 3*ITE 12.9*<n) SHI 10*<n) 3OT*b) 9*1 9*1 29* M) 190*(c) Jan# Jan 11 Own Jan 19 Dec241 words
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Article530 1978-01-26 11 MALAYSIAN-BASED Chin Tec|c Plantations appears to be very optimistic about its future earning capacity. It has Just declared a scrip issue of four for five with the assurance of good future dividend payments. The scrip Issue will raise Its paid-up capital to $14.85 million. This530 words
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196 1978-01-26 11 THE Kuala Lumpur Stock Exchange has requested Aluminium Company of Malaysia to furnish further details on Its proposed one-for-two scrip issue announced recently which will raise Its paid up capital to M 510.875 million. The exchange wants further Information on which reserves will be196 words
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Article88 1978-01-26 11 S F LEOW ti Co (8) Pte Ltd has confirmed the appointment of Mr. K.T. Lin as manager, Mlm Wn Cho N«o as assistant manager and Mill Amelia Than as senior account executive. Mr. Lim, previously assistant manager, reinsurance, will now be responsible for office administration and88 words
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Page 11 Advertisements
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Advertisement174 1978-01-26 11 -r n MONTHLY ECONOMIC RCFO«T3 WMI monthly psKhcol tuppitnmnt for UP-TO-DATE HANDY REFERENCE I MM RESEARCH BILLETIN This unique publication offers businessmen each month a comprehensive guide tp the lotest developments that have taken place in oil important sectors of the economies of countries in East and Southeast Asia. The174 words
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Article, Illustration463 1978-01-26 12 SOH TIANG KENG - ■y SOH TIANG KENG LUXEMBOURG, a pioneer of the Eurobond market and one of Europe's leading financial centres, has Invited Singapore to tap funds from Its International capital market. This invitation comes from Mr. Albert Dondellnger, chairman of the Luxembourg Bankers Association and Banque463 words
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692 1978-01-26 12 Reuter AFP ECONOMIC analysts at Sanwa Bank forecast Japan's real gross national product growth rate will be 3.4 per cent In fiscal 1978 starting April, unless the government takes reflatlonary measures beyond those already planned. The forecast Is less than half the government's "policyReuter; AFP - 692 words
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Article102 1978-01-26 12 Reuter THE Legislative Council has passed a Bill to empower the Hongkong government to deal with insider share dealing. The Commissioner for Securities will have to establish a prima facie case of Insider dealing and the Financial Secretary on advice from the Securities Commission will decide whetherReuter - 102 words
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236 1978-01-26 12 THE electrical Industry has expressed concern over existing requirements that workers wanting to be electricians must be licensed. This was brought up during yesterday's discussions between the Industry and the Industrial Training Board. Under the Electrical Workers and Contractors Licensing Act, 1974, which became236 words
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Article753 1978-01-26 12 LONDON. Wed. Government bonds gained up to Mi point on light buying provoked by Increasing speculation over the possibility of a small reduction in the UK minimum lending rate this Friday. Equities closed above lowest levels In quiet trading, at 3.00 p.m. the Financial Times index was down753 words
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379 1978-01-26 12 Reuter FEDERAL Reserve Board chairman designate William Miller said the dollar may still be slightly undervalued against the mark and possibly the Swiss franc. Mr. Miller told the Senate banking committee that foreign exchange markets improved tone of late was the result ofReuter - 379 words
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Article71 1978-01-26 12 WEST Oermany's 16,000 dockers yesterday began a strike which is expected to disrupt the country's foreign trade, and have a widespread effect on Germany's commodity markets. A spokesman for the dockers' union said the strike began promptly when workers did not turn up for their71 words
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750 1978-01-26 12 AFP AP AS WIDELY expected, export quotas of producing members of the International sugar agreement have been set at 85 per cent of their basic export tonnages wtth immediate effect. The International Bugar council adds that, if the prevailing price (baaed on theAFP; AP - 750 words
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Article212 1978-01-26 12 FROM PAGE ONE system which Includes New York, Boston, Philadelphia, Detroit, Cleveland, Anchorage, Seattle, San Francisco and Lot Angeles In the UB, and Tokyo, Osaka, Talpeh, Hongkong, Seoul, Manila and Singapore. The Anchorage airfreight service (all-cargo rights approved last July) was Inaugurated on Jan 6. Direct212 words
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Page 12 Advertisements
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Advertisement1045 1978-01-26 12 SEE PAGE 3 China trade... a US$2O billion goldmine Here's how you can tap it In a series of bold moves, China's new leadership has embarked on an ambitious economic development program aimed at accomplishing the modernization of the country's industry, agriculture, technology and national defence. According to senior officials1,045 words
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