The Business Times, 9 December 1978
1978-12-09
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12
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The Business Times
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Title Section10 1978-12-09 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, DECEMBER 1,1978 50 CENTS10 words
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BRIEFLY...
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Article63 1978-12-09 1 AP TOKYO, Fri. Snack bars in China, closed during the 1966-1969 cultural revolution, have reopened in downtown Lanchow, capital city of Kansu Province, northwest China. Peking's official Hsinhua News Agency said a dozen restaurants and 20 stalls serve 90 kinds of delicacies such as meat dumplings, noodles,AP - 63 words
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Article64 1978-12-09 1 Reuter. JAKARTA, Fri.— Indonesian Foreign Minister Mochtar Kusumaatmadja said today that so far none of the Asean countries had formally requested for another summit meeting of the regional body. "These are all rumours," Mr. Mochtar replied when asked to comment on reports from Manila that anReuter. - 64 words
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Article72 1978-12-09 1 Reuter. MANILA, Fri.— The Philippine Central Bank will allow domestic and foreign banks licensed to deal in foreign currencies in the Philippines to grant short-term foreign currency loans to certain important industries without its prior approval. The authorisation was made in a bank circular which detailed theReuter. - 72 words
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Article76 1978-12-09 1 HONGKONG, Fri.— Some bankers and businessmen have expressed concern over the scope of China's modernisation programme, the Asian Wall Street Journal reported today. The newspaper said a growing number of businessmen are worried over what they believe is an air of unrealism on both sides. It quoted one76 words
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Article87 1978-12-09 1 AP. WASHINGTON, Fri.— The US unemployment rate remained unchanged at 5.8 per cent in November as adult men gained most of the 540,000 new jobs that were created, the Labour Department said today. Women and teenagers had made most of the employment gains during the summer, butAP. - 87 words
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Article64 1978-12-09 1 AP. HONGKONG, Fri.— Mr. Leonard Woodcock, head of the US Liaison Office in Peking said it is his personal feeling that the time is ripe for the US to normalise relations with China, the Asian Wall Street Journal reported. Mr. Woodcock said he feels the time isAP. - 64 words
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Article49 1978-12-09 1 AP. NEW YORK, Fri.— Stock prices on the New York Stock Exchange were mixed this morning. The Dow Jones average of 30 industrials managed a 0.96 point gain to 817.05 in the first half-hour. But declines took a slight lead over advances among the NYSE-listed issues.— AP.AP. - 49 words
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Chief Price Changes
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Article131 1978-12-09 1 Rises Most Active Shell 286 12 H Par 215,000 FAN 515 10 M Banking 130,000 Tractor* 490 10 C A C 90,000 F E Levingtton 258 10 Nanyang Press 72,000 CSufar* 248 +8 Malaya wata 240 +8 Total Turnover: 2.14m Metro Hides 260 +7 Total Value: 15131 words
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Article, Illustration150 1978-12-09 1 Rises Most Active Kramat UAC 274 14 S Darby 385.000 320 10 M Credit 124,000 MAA 169 09 H Par 104,000 C Sugars Shell JP Coats Perlis M'wata 250 09 High A Low 104.000 290 08 Total Turnover: 1.78m 180 217 242 +07 07 07 Total Value:150 words
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196 1978-12-09 1 THE OTHER Asean countries have expressed some unhappiness over the fact that Singapore wants its demand to be voiced collectively by Asean at the Asean-Australia air talks to be held in Canberra next month. The talks will focus on Australia's special low-fare flights196 words
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598 1978-12-09 1 FONG MEW LENG - END OF THE LINE By FONG MEW LENG ONE of the largest foreign employers in Singapore, Genera] Electric (USA), has laid off more than 200 workers. This is the first tangible sign that the electronics industry in the Republic is no longer a598 words
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Article341 1978-12-09 1 JAPANESE businessmen and bankers are divided in their reactions to new Prime Minister Masayoshi Ohira's Cabinet lineup, with many welcoming the key economic affairs ministerial appointments, but others say the new team appears lacking in experience to deal with the tough economic problems ahead. Twelve341 words
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681 1978-12-09 1 A RECORD US$46 billion (Ssloo billion was traded on Singapore's foreign exchange market in October when the US dollar was consistently sold down by bank dealers and company treasurers to record lows The amount is abnormally high and is nearly 25 per cent higher681 words
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198 1978-12-09 1 THE Department af Trade Is srgaaMag Btagapere*s partMpattea In the Praakfart later—ttsasl Spring Mr en March 4 la 8 to pnonto the expert ef Slagapere-asade pradaeto tart* Gerasaay and Western Earepe. Jfte Islr, whieh will leagift Item*, paper, edlee ■applies, statlenery, and198 words
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475 1978-12-09 1 QUEK PECK LIM - By QUEK PECK LIM COCKPIT Hotel, now under receivership, is likely to be put up for sale in the middle of next year. How much it will fetch will depend on whether the receiver can get planning approval for the development plans submitted475 words
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Article23 1978-12-09 1 THE Indonesian government will launch operation "Hope" as a follow-up of the rupiah devaluation aimed at improving the nation's economy.23 words
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Page 1 Advertisements
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Advertisement44 1978-12-09 1 Everett Lines KM TMf MOST PMQUIMT SAILINGS TO BANGKOK HONGKONG •JAPAN PUSAN. Ev«r«tt StMnwhlp Corpn. 8/A C>»»«o»0 Cf*** V«gopo«* T#« J+ Bmoc* S*'~* Pfnond 36 103 OC 0C ftdQ T r ***** 3 Pot» KMno Kgr><% WCi«'P CO ®MO T* Ji772» SEE BACK PAGE44 words
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Advertisement107 1978-12-09 1 SEE BACK PAGE,CM* I in I l& $GOPW Jr&TiMl YOU CAME 7b &WWEST. Chances are thai at Pan-West we have just the right equpment to help improve your game At Pan-West we stock the finest range of top quality golfing equpment Confidence. Honma. Lynx to name a few Drop in107 words
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Advertisement36 1978-12-09 1 as LEE WAH Cue to riz-ctorey Raffles Place KLK kiyi twr Ml fwca kud- tor —rto* SHIPS IN POST t, CROSSWORD S, MEMOP AD S, TV RADIO t, STRAWS IN THE WIND 1, MAM PRICES M.36 words
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Advertisement77 1978-12-09 1 jiN jAPOSt Ml f v 1 The perfect Christmas present Perfumes for uomen Mogne, tor men cau *"o.«fc DADI V& 7 7 K m Qcpc>re Girl J-V Liiri I 4$ iv Ball v/ r first lady rsi ady m V 1 J I W f Jl« J" !fii.' hf T.I77 words
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TRADE AND INDUSTRY
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331 1978-12-09 2 AFP. A UNIVERSITY don has rejected the 14-year life projection for oil reserves in Malaysia and instead predicts that they would last longer. The dean of the mechanical and petroleum engineering faculty of Technological University of Malaysia, Encik Mohamed Zohari Shaharun, made theAFP. - 331 words
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Article, Illustration269 1978-12-09 2 M ALAYSIAN Prime Minister, Datuk Hussein Onn, called for more systematic planning of Shah Alam, proclaimed on Thursday as the new state capital of Selangor, so as to attract business and industrial communities both domestic and foreign. Besides being a totally new area,269 words
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625 1978-12-09 2 THE HUGE hydro-electric power reserves in Sarawak can be tapped and integrated into the national grids of Peninsular Malaysia and Singapore by using recentlydeveloped techniques of transmitting high voltage electricity. "With the size of the reserves and the variety of options for the625 words
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492 1978-12-09 2 THE EAST Coast of Peninsular Malaysia needs substantially more and better incentives in order to redress the existing imbalance in economic development compared with the West Coast. This suggestion was made by Mr R.D. Bake well. Permanent Secretary of the Department of Economic Development of492 words
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Article261 1978-12-09 2 MALAYSIA will require some 306,000 units of lowcost houses in the urban areas between 1961 and 1965 or 61,600 units a year. The forecast was made by Mr Robert Gan, manager of Malaysia International Consultants in a working paper presented at the first engineering convention of Asean261 words
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Article154 1978-12-09 2 SOUTH Korea became the twelth biggest steel producing country in the noncommunist world on Friday when it completed the second expansion work on its only integrated steel mill at Pohang, south-east of Seoul. The annual crude steel capacity of the mill was boosted by154 words
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155 1978-12-09 2 Reuter. THE Indonesian government is forecasting a record rice crop of 17.5 million tonnes for this year, still below the targeted 18.1 million tonnes but 10 per cent above last year's level. Private agriculturalists believe the crop may be slightly higher at 17.7 million tonnes,Reuter. - 155 words
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Article86 1978-12-09 2 AFP. JAPAN'S export contracts, certified by the government in November, slumped 17.5 per cent in yen terms over 1977 to total 1,590 billion yen. October's plunge which was the worst in 25 years. This was announced testerday by the Ministry of International Trade and Industry which, however, putAFP. - 86 words
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259 1978-12-09 2 ASEAN countries should eogege more local engineers rather than foreign consultants in their various projects, the president of the Malaysian Institution of Engineers, Haji Mohamad Razali Haji Bidin, said. Asean governments and the respective private sector should look within Asean for their needs before259 words
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Article250 1978-12-09 2 UPI. A TAIWANESE trade delegation signed agreements on Thursday to buy U5525.9 million (157.2 million) worth of Kentucky-grown corn, soybeans and tobacco, boosting its American purchases this year to slightly more than SI billion. The agreements signed by the third special delegation to visit theUPI. - 250 words
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Article64 1978-12-09 2 UPI. THE American trade deficit next year should shrink from this year's expected US$3O billion (SJ66 billion) to around $20 billion. Given the US huge growing surplus from services, such as insurance and air fares, the current account, which is now in the red by some $17UPI. - 64 words
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Article56 1978-12-09 2 IN AN article we paMtafced m tike Uaivendty «f Wnp>r» Keat Bldge w>m (Dee 4), we laeladed a ptetare ti aa irtipil balldiag Mleatlag tfcat It was part •f Ike eaapaa. It ta acta•Uy tie itadeat eeatre balldiag at Ngee Aaa Teekaieal Callege, aad aat 9t the m56 words
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Article, Illustration336 1978-12-09 2 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Bindang (2300 after Bunga Gelang) 18. Bunga Gelang (0700) 18. Djatipurana (0600 after Cliford Maersk) 8/9. King Tower (0600) 22. New Star (0700) 29/30. Nordhausen (0600) 46. Sea Enterprise (0700) 27. Sibonga (2300 after Menelaus) 47. Tapah (1500) 21East. Taronga (0600336 words
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Article, Illustration169 1978-12-09 2 IN pnpmltM far the liMhNm af the Aoerieu Ex pre* Card la Argeatlaa, Mr. Bahea Heteemaaa, eaa traitor aad Mr. BeluM* ZLu, date pmiaalaf ager have reeeatty eanptotod a aaeath laag stedy ef tee Baaaelal, aad date pnrwariag syatoaM la ipwattw at Amerteaa Expreaa Card169 words
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Article171 1978-12-09 2 AFP AUSTRALIAN government statistics released yesterday show that the country's wheat production may reach a record 15.2 million tonnes. Already the harvest is 63 per cent above that in the previous season. Simultaneously the government Bureau of Agricultural Economics forecasts that Australian farming incomes will riseAFP - 171 words
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Article34 1978-12-09 2 Reuter BANKRUPTCIES in Japan in November rose to 1,482 from 1,388 in October, but were down from 1,603 'in November last year, the Tokyo Commerce and Indus-' try Research Company said.Reuter - 34 words
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384 1978-12-09 3 JOHN LIM - By JOHN LIM A LOCAL cane furniture .maker plans to invest another $1 million next year in additional machines and "Space to meet increasing demand for cane furniture and "cane furniture components. Output will be doubled when the expansion is completed in June next384 words
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Article, Illustration196 1978-12-09 3 THE MANAGING director of Dataprep (S) Pte. Ltd., Mr Holon Wong, has announced the addition of the C/ 150 to the Eclipse family of computer systems by Data General Corporation of the United States. He said the C/ 150, which rounds196 words
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Article, Illustration302 1978-12-09 3 UNDER the Urhaa Bedeveltpneit Aith*rtty'> seveath sale, radcvatap meat >|»pai isalllia are belag altered Mt ealy ia the Orchard Bead area aad tke Marlaa Ceatre, bat alaa astride the CeatraJ Baalaeaa District. Ia tke eeetiea ktuM by Nartb Bridge Bead, Celestas Street, Hill Streei aai High302 words
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259 1978-12-09 3 SEMBAWANG Engineering was recently awarded a contract by Comex Engineering in Singapore to construct a diving decompression chamber for use in the North Sea. Comex provided the design specifications for the chamber, which is 4.5 metres long and 2.3 m in diameter. It will259 words
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100 1978-12-09 3 A SURVEY on the construction of the $74 million Indonesia-Singapore submarine cable was completed at the end of last month. It was carried out by experts from the two countries and from Japan's Nippon Electric Company, which is to install the cable. Work on the cable100 words
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Article167 1978-12-09 3 THE DEPARTMENT of Extramural Studies of the University of Singapore will conduct a 12-lecture course on "Finance of Imports and Exports" every Tuesday and Thursday from Jan 2. The lectures will be conducted by Mr Clifford Abayasekara, a lecturer of Ngee Ann Technical College. The aim of167 words
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Article105 1978-12-09 3 ABOUT 20 executives from the six Cathay Pacific South-east Asian offices will meet in Kuala Lumpur on Monday to attend the airlines' regional conference. The conference will be chaired by the airlines' regional general manager, Mr. John Olsen. Major topic on the agenda is the review of105 words
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354 1978-12-09 3 C E settles for all-glass facade AN ALL-GLASS facade, sixstoreys high in Orchard Road is the final choice of C and E Tours Holdings, parent company of travel agents Singapore C and E. Previous plans were for the construction of an list orey building with offices and shopping units, with354 words
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Article246 1978-12-09 3 THE JAPANESE government is encountering problems with the Japan-China long-term trade agreement, signed last February, as oil companies balk at the amount of Chinese oil they are expected to absorb, and the price Peking wants for it. The eight-year agreement calls for Japan to send China about246 words
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Article209 1978-12-09 3 THE LIVESTOCK industry in Malaysia may suffer severe setbacks if the current epidemic of the foot-and-mouth disease is not checked or controlled immediately Oatuk Shariff Ahmad, Minister of Agriculture, said though the disease was under control in Ipoh, and the measures undertaken had proved successful in other209 words
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Article356 1978-12-09 3 COURSES AND TALKS Oct 16-Dec 18 (every Monday): A detailed study of reinsurance and its role in the conduct of insurance business, sitc, srrc. Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), SITC, SITC Dec 11-13: Production management, SIM, SIM Feb 12-13: Finance for nonfinancial356 words
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Page 2 Advertisements
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Advertisement150 1978-12-09 2 J qOnU Study with the SoHkF UNIVERSITY PREPARATORY SCHOOL f"~—I TORONTO, ONTARIO UPS specialises in preparing overseas students for Grade 12 and 13 Examinations leading to entry to Universities and Colleges in Canada and USA. UPS is registered with the Ontario Ministry of Education and its Credit and Diploma courses150 words
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Page 3 Advertisements
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Advertisement77 1978-12-09 3 NOTICE To the holders of the floating rate U.S. Dollar Certificates of Deposit due 14th December. 1981 of: A The Mitsubishi Bank, Limited D.B.S. Building. 6 Shenton Way Singapore 1. We hereby certify that the rate of interest payable on the above-mentioned certificates of deposit for the interest period beginning77 words
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Advertisement260 1978-12-09 3 asean Business Quarterly uqgts from the mountamtop what are the realties of intraasean trade? Major markets for spices Palm ol prospects to 1965 look excellent wii there be a recession In the US m 1979? is a urea mountain inevitable? Natural nfcber prospects in 1960s Ihe la t»*st issue <>260 words
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Page 3 Miscellaneous
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Miscellaneous606 1978-12-09 3 nrrc CROSSWORD CRYPTIC PUZZLE ACROSS 1 Allows people to be heard (4) 4 Works like old soldiers (6) 8 Stick nothing in the road (3) 10 Passable resorts? (4) 13 No cuckoo! (8) 14 What to do to gravy in the kitchen (7) 15 Team building (6) 17 Apartment nobody606 words
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RAW MATERIALS
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Article263 1978-12-09 4 THE Singapore rubber market yesterday closed slightly higher with December One RSS buyers quoted at 240.00 cents per kilo, up 0.25 cent from Thursday' s close, dealers said. Morning prices were marked up slightly on higher London advices, shortcovering interest and speculative buying, they said. Afternoon263 words
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Article27 1978-12-09 4 Rubber: Dec 8 Singapore: December: 240.00 cents (up 0.25 cent) Malaysia: January: 244.75 (unchanged) Tin: $1,855 (up $10) Official offering: 162 tonnes (down 16 tonnes)27 words
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Article342 1978-12-09 4 Prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt (.o.b. 239.25 240.25N 239.25 240.25N Int. 1 R.S.S. Dec 240.00 240.50 240.00 240.50 Int. 1 R.S.S. Jan 243.50 244.00 243.50 244.00 Int. 2 R.S.S. 236 50 237.50N 236.50342 words
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Article97 1978-12-09 4 NOON SSR and SMR prices yesterday KM n <CMl RayM rtmt Mtk) pb <F* Rn V linsfy mri Mtk) mi (UlUn SSR 20 (1-ton pallet) (ewl per kg) (e« Br* OvUQTV ■to per kg) 240.00 242.00N 241.00 243.00N SSR 50 (1-ton pallet) 237.00 239.00S 238.00 240.00N MBELB97 words
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Article163 1978-12-09 4 THE Straits tin price in Penang yesterday rose MJIO per picul to 11,855, $155 above the International Tin Agreement ceiling, dealers said. They attributed the rise to continued strong support from the US, Japan, Eastern Europe as well as local covering interest, coupled with a higher London Metal163 words
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Article330 1978-12-09 4 COMMODITY prices continued to hold steady in quiet trading conditions on the Singapore produce market yesterday. Few deals were made and traders reported dull trading sessions. Coffee prices closed almost unchanged with many dealers adopting a wait-and-see attitude. Arrivals in smdll quantities from Indonesia were reported. Pepper-trading was330 words
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350 1978-12-09 4 AFTER a temporary setback of some five cents per kilo during the early part of the week, the market recovered to finish about two cents up on balance, says Holiday, Caller aad Bath in its review of the Malaysian and Singapore rubber markets for the period350 words
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Article183 1978-12-09 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne F. 0.8. basis Bangkok) White rice: 100 pet Ist class 385, 100 pet 2nd class 320, 100 pet 3rd class 315, 5 pet 380, 10 pet 290, 15 pet 280. 20 pet 275. 25 pet 270,183 words
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Article109 1978-12-09 4 LEAD ended the morning ring £3 up for cash and unchanged for three months in London yesterday morning. Values initially moved higher on the morning premarket aided by the steady tone of copper and of follow through interest from Thursday night's kerb rise. Forecasts of further outgoings of warehouse109 words
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Article36 1978-12-09 4 ZINC ended the morning ring all unchanged in London yesterday. The market after a steady start reflecting forecasts of a 3,000-tonne stocks outflow, fell back in ring dealings following the general trend of base metals.36 words
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Article360 1978-12-09 4 SUGAR futures trading remained quiet in Hongkong yesterday because of the wide spread of prices, with two lots traded against five on Thursday, dealers said. Dealing was restricted to the March delivery, which closed at US 8.85/95 cents against Thursday's 8.52/73 close, they said. Yesterday's daily spot sugar360 words
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Article89 1978-12-09 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Dec 7 until further notice: Rabber: 251 v* cents a kilo; Capra: Mi 1,107.82 a tonne; Pain kernel: 1955.75 a tonne; White pepper: $4,856.23 a tonne; Black pepper: $3,079.43 a tonne; The rates of duty89 words
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Article164 1978-12-09 4 WHEAT futures, after fluctuating in early trade, stood narrowly higher at midsession in Chicago on Thursday. The spot contract rose 13/4 cents a bushel while gains in back months ranged from 1/2 to one cent. Analysts said the gains came mostly on strength in the soybean complex, noting little164 words
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Article111 1978-12-09 4 WITH meal leading the way, soybean product futures closed higher after finding new strength in afternoon dealings IN Chicago on Thursday. Meal ended up $4.00 to 11.50 a ton, a shade beneath highs. Oil, whose nearbys spent much of the day lower, closed 0.20 to 0.32 cent a lb111 words
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Article140 1978-12-09 4 ROBUSTA futures ended a quiet featureless first call steady, £11 down in spot January to £2 up in distant November with other positions around £6 lower in London yesterday. Turnover was 72 lots. Dealers said there was little trading incentive and the narrowly mixed opening reflected New York's mixed140 words
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Article102 1978-12-09 4 RAW sugar futures opened down from Thursday night's steadier kerb levels but still with on balance gains of £0.10 to £0.70 per tonne in London yesterday. Post call trading was extremely quiet with little price movement noted. Traders said Thursday night's market had been affected by market talk of102 words
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Article116 1978-12-09 4 TERMINAL cocoa was barely maintained in London yesterday morning, showing losses from Thursday night of £25.50 in spot December to £2.50 per tonne. The market had opened up to £10.50 higher against New York but then reversed the trend on general lack of support and concentrated liquidation of nearby116 words
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Article201 1978-12-09 4 COPPER wirebars finished the morning down £2 for cash sod £3 for three months in London yesterday morning. The early pre-market attracted some speculative buying prompted by the New York close, covering against West German physical demand and expectations of a moderate fall in stocks this week. But the201 words
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Article144 1978-12-09 4 SILVER finished the morning 1.0 to 0.7 pence higher in London yesterday morning. The market was well maintained throughout the morning with lightweight shortcovering and fresh buying induced by the strength in gold. Three months held around 308.3 pence in the ring with the turnover of 87 lots mainly144 words
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Article58 1978-12-09 4 ALUMINIUM ended £6.50 higher with three months at £625 to £625.50 per tonne in London on Thursday. The market continued the morning's advance after lunch and three months traded upto a new record high of £625.50 per tonne. In the morning, values were boosted by the general rise of58 words
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Article419 1978-12-09 4 THE Singapore gold futures market yesterday closed quietly steady with 63 lots done. January closed at U*****.40 202.30. February 1204.50/*****, April *208.00/ 208.80, June $212.10/212.80 and August $216.00/216.60. Meanwhile, Slngaas reported that the kilobar yesterday opened at 5514,132 and closed at $14,186, after trading in a high-low range of419 words
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MONEY AND EXCHANGE$
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Article431 1978-12-09 4 THE US dollar was traded down against the yen but managed to hold its ground against other currencies on the foreign exchange market yesterday. The US unit started at 198.60/70 against the yen and was taken down gradually to 198.40/50 by lunch. Later trading saw the dollar losing431 words
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Article175 1978-12-09 4 Asian rates ASIAN currency deposit interbank rates as at close on Dec 8 US Dollars)Spot) Offer Bid 7 days 10 r. 1 month U>i Hi, 2 months 113/1* 111/16 3 months 11 'j u». 6 months 1113/*****1/16 9 months 11'. 111/16 12 months 119/16 117/16 1 month 3 months 6175 words
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Article58 1978-12-09 4 AUSTRALIA NZ exchanges quotes yesterday: US dollar 1.1372 ***** Sterling 05*47 0 5780 Ninety-day air mail buying rales: Sterling 0 0075 US dotlarc 1.1171 Ninety-day forward buying rates: Sterling 0 3001 US dollar* 1.1410 New Zealand Sterling 0 537? 0 5350 US dollar ***** 1 0421 Ninety-day air mail58 words
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Article53 1978-12-09 4 Ranfe of price* offered by discount houses 01 s Dec 1: Overnight 3 to 4* Call deposits 4% CUm ■ay 3 month ia« Selling Treasury bills 4 5. 3 month Bank bills 7'» 1 3 month CD 7 1 s 7». 6 month CD 7 J 7». Source: National53 words
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Article21 1978-12-09 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7.5 per cent.21 words
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Article48 1978-12-09 4 FRANKFURT exchanges opening quotes yesterday: US 1*115 30 CM 1JM 90 St* 3 73) 743 DTI *2 30 31 Sfr 112.30 SO Lit 2 247 257 FUr 43 44 54 Nkr 37 tf 38 Btr cob 4 311 321 Bfr Ho 6180 230 Yen 0 9440 m48 words
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Article222 1978-12-09 4 THE dollar showed marginal declines from Thursday's closing levels in very quiet trading while gold strengthened in active business in London yesterday, dealers said. They said the dollar's easiness, which followed the same movement in New York overnight, was due to no specific factor, with the market continuing to222 words
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Article263 1978-12-09 4 THE US dollar closed slightly lower in very quiet trading in New York on Thursday, and dealers said the limited movement indicates underlying strength for the US unit may be returning. The mark closed at 1.9145/55 compared with its 1.9170/90 opening and 1.9190/ 9200 overnight rate. The Swiss263 words
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Article130 1978-12-09 4 THE US dollar for overnight delivery in Tokyo yesterday closed at 198.65 yen, up from the 198.60 opening, but down from Thursday's 198.80 close, dealers said. The dollar fluctuated narrowly between 198.60 and 198.85 yen in very quiet trading with slow export covering by Japanese manufacturers and traders and130 words
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Article128 1978-12-09 4 THE US dollar was quoted little changed from overnight US levels in very quiet, end-week trading in Hongkong yesterday, dealers said. It was steady at a late 198.35/45 yen against New York's 198.35/50 clow and its 198.55/65 opening in Hongkong, at 1.9135/45 marks (1.9145/55 and 1.9130/ 40), and at128 words
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Article50 1978-12-09 4 RESULTS of tender held yesterday for 91-day Treasury bills to be Issued from Dec 11 to Dec 15: Offered: $20,000,000 Applied far: $34,910,000 Abetted: $20,000,000 Accepted Mds: $99.01 approximately 40 per cent higher bids in full Average rate el dtoeeaat m allotment: 3.940 per cent per annum.50 words
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Page 4 Advertisements
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Advertisement144 1978-12-09 4 The Love of nese ooking i'% f -A' /%>>>:jfc.4 I 'V-r v V®* -n '*§m ffitiw I Kannoth Lo, tha wall-known Chin Ml cookory writer. introducea the rwdtr to tha tachnlquae of Chinoae cooking, and givaa an Inelght Into thdr unique way d eating. Oagmnlng with abnpla anedteh main coureee,144 words
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OVERSEAS
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148 1978-12-09 5 THE increase in the volume of British exports this year is likely to slow by 4"j per cent to 4 per cent, compared with an B'-2 per cent increase last year, according to Department of Trade estimates based on a survey of export prospects148 words
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Article69 1978-12-09 5 Agencies. SHRINKING U8 aaempleymeal figures far this year Mt withstanding, same private rrwmliti are predicting higher aaemptoymeat la the year to ceme as the administration sf President Jimmy Carter continues efforts to rednee the laflattoo rate. The jehless rate has plummeted frsnn >.1 per eeat «f the wrhfarccAgencies. - 69 words
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Article, Illustration152 1978-12-09 5 AN AUSTRALIAN company said its new volumetric liquid filling machine has overcome many of the difficulties in accurate filling. Reilax Packaging Machines Pty Ltd said while most volumetric filling machines rely on a variable stroke drive from an air cylinder or electric motor, its new152 words
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Article296 1978-12-09 5 UPI A WEST German bank has tentatively offered financing to the city of Cleveland, which faces possible default on US$l5.5 million (5534.1 million) in loans in eight days, the newspaper, Cleveland Plain Dealer, said. Cleveland finance director Joseph Tegreene acknowledged he is discussing the possibility ofUPI - 296 words
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133 1978-12-09 5 UPI. THE European Common Market Energy Commissioner said yesterday excess oil refinery capacity in Europe will swell next year and called for a 70 million tonne cutback in capacity. Mr Guido Brunner, the EEC Energy Commissioner, said the volume of refined petroleum productsUPI. - 133 words
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Article57 1978-12-09 5 AFP. THE SEVEN countries of the European Free Trade Association initialled an agreement with Spain in Geneva yesterday. The aim of the agreement is to eliminate customs duties and other barriers in almost all kinds of trade between the two parties. The seven are Austria, Finland,AFP. - 57 words
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Article613 1978-12-09 5 A PERIOD or stable US monetary policy looms ahead over the near-term, bolstered by the decline in money supply reported yesterday. The New York Federal Reserve Bank reported narrowly, defined money supply Ml, declined US$7OO million (551.54 billion) in the week ended Nov 29,613 words
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Article174 1978-12-09 5 U8 capital spending plans, after adjnstmeat far Inflation, shew virtually as change for the first half sf next year etapared with the aeeaad half at this year, the Ceaameree Department said. A sarvey at badness spending plana taken In Oeteher aad November shews first hnM spending174 words
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Article702 1978-12-09 5 ARRIVALS i Service Local i Operator Number Time From > MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP > RBA BI323 1030 BWN GIA GA980 1030 HLP i SIA SQ103 1045 KUL I SIA SQ209 1045 HLP i MAS MH605 1045 KUL GIA702 words
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273 1978-12-09 5 AP. WEST GERMAN Chancellor Helmut Schmidt has warned the member countries of the European Economic Community that their economic bloc faces disintegration if it fails to succeed in stabilising its currencies. The Common Market will go under unless we succeed inAP. - 273 words
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467 1978-12-09 5 Reuter. THE flotation of samurai bonds, yen-denominated bonds issued by foreign borrowers on the Tokyo capital market, may decline next year from an estimated 827 billion yen record for 1978, because of deteriorating market conditions. Japanese securities companies also said the samurai bond marketReuter. - 467 words
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WORLD IN BRIEF
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Article388 1978-12-09 5 MALAYSIA bought 20,000 ounces of gold oil Thursday at the International Monetary Fund's monthly gold sale. Malaysia was the only developing country to exercise its right to submit noncompetitive bids at the monthly sales. It was awarded gold at U5&96.06 (about S|43l) per ounce, the average388 words
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Page 5 Advertisements
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Advertisement77 1978-12-09 5 NOTICE To the holders of the floating rate U.S. Dollar Certificates of Deposit due 12th lune. 1980 of: A The Mitsubishi Bank, Limited 0.8.5. Building, 6 Shenton Way Singapore 1. We hereby certify that the rate of interest payable on the above-mentioned certificates of deposit for the interest period beginning77 words
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Advertisement564 1978-12-09 5 NEW From BOOKS ABOUT ASIA The Asia Pacific region has always been a focus of world attention, but at the same time, there is a great deal of ignorance about the region as a whole, primarily because of the cultural, political, historical and other differences that exist amongst its member564 words
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401 1978-12-09 6 TO BORROW a line from Shakespeare, a retrenchment by any other name is still a retrenchment. General Electric may call it a layoff, but when the rhetorical chaff has been blown away, all that remains is a retrenchment of 200 workers, plain and401 words
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176 1978-12-09 6 AT THE risk of meddling in affairs that are no concern of ours and of being rude about a guest in another country, Singaporeans must surely wish that the Permanent Secretary of the Department of Economic Development of South Australia had stayed at176 words
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Article, Illustration1350 1978-12-09 6 JEREMY DODD - JAPAN'S famous "loyalty lor security" lifetime employment system is grinding to a halt as more and more companies have to retrench workers. But most firms still try to keep their workers on the books by underemploying them, writes JEREMY DODD.FT. - 1,350 words
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Page 6 Advertisements
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Advertisement237 1978-12-09 6 No dinner is complete White Label Another quality product from Ea Come and Lobsters. Barbecue. Or tempting a la carta. The choice is your*. For a hearty meal. away from ail the hustle and bustle t s no better place than the Ficus Restaurant at ApoNo SesMoaa OoH Course Swimming237 words
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Page 6 Miscellaneous
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Miscellaneous62 1978-12-09 6 OUTLOOK for Singapore from a.m. to noon today: Isolated showers in late morning. Report tor 24 hours prior to 7Jt p.m. on Dec 8 at the airport: Maximum temperature 30.6 C Associated humidity 78 Minimum temperature 23.9 C Associated humidity 98 Hours of sunshine 1.30 Rainfall in millimetres... Trace Total62 words
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Miscellaneous275 1978-12-09 6 SINGAPORE 5 1.00 PM Opening followed by Sesame Street* 1.45 Saturday Matinee The Highwayman* Starring: Charles Coburn, Philip Friend, Victor Jory, Wanda Hendrix 3.10 Fish Fish And Roots* 3.40 Sandiwara A Malay drama entitled 'Salah Kerop' (Repeat) with English subtitles 4.25 Bth Asian Games Opening Ceremony* 6.30 News in Brief*275 words
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Article, Illustration715 1978-12-09 7 ROBERT HERSHEY - By ROBERT HERSHEY NYT IN ITS 171 years <f recorded history, Lond«n Bridge has eanwd mieh claim to lame aad affeetiea. Ito various spaas have carried uncounted millieas across the Thames aad heased generations sf merehaate aad artisans. Serving for mere thaa five eeatories asNYT - 715 words
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Article379 1978-12-09 7 A CERTAIN factory in Jurong has a board-full of badges at its security checkpoint neatly divided into various categories. One is for new employees, another two are for contractors and visitors. But the fourth, tucked into a corner, is possibly the most popular counter. "I forgot379 words
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Article1077 1978-12-09 7 EDWARD COWAN - PRESIDENT Carter will submit his 1980 budget to Congress soon. And, reports EDWARD COWAN, all indications are that White House economists have got together a painfully tight package for the country. EDWARD COWAN. NYT IN SHAPING President Carter's 1900 budget, to be submitted toNYT - 1,077 words
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78 1978-12-09 7 MICHAEL LIM - i Letter to the Editor MICHAEL LIM Vehicle sales maaager FM Meter Cempaay WITH refereaee to toe article titled "Tike aeto, all Pari driven" which appeared to "iffhm Timet (Dee. 1), we wteh to clarify toe fallowing: The eagtoe to q aesttoa Is toe Amerleaa78 words
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Article791 1978-12-09 7 Leonard Silk - FOBSHi ...with Leonard Silk NYT REACTION to President Carter's anti-inflation programme varies greatly among different interest groups. Labour unions, with few exceptions, are opposed to the voluntary programme. Labour leaders contend that wage guidelines, with management to enforce them, will cut workers' real incomes butNYT - 791 words
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Page 7 Advertisements
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Advertisement341 1978-12-09 7 illll I i m s* i r i Mill f V I* 4 M r 9 T ■I Mtm 0 i m? 8 V r-x 5 u as <■* frr mm OBafHSB d "COME, WINE AND DINE IN THE MANNER FIT FOR IMPERIAL LORDS" Now, there's a place where you341 words
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Page 7 Miscellaneous
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Miscellaneous64 1978-12-09 7 Was? The»<' la/e. is no Se.cret. "There is icfr least- one m*e<feshtci spectator a T6.Lt RGPUN HOOJ \(OU feoO^CD F O KD f*>USTPtfJ& THIS POORNIMG- J BnStoW :fteztftDictens v TV\e so far heat-Ved traffic uxarden IbZ has faller\, hoot Une and penalty tvcfee*- bog, fo*' Smiling oryj debor>aw police, cor*stable,64 words
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INTERNATIONAL STOCKS MARKETS
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Article607 1978-12-09 8 TOKYO THE NIKKEI Dow-Jones average recorded another new high yesterday and closed the day with a gain of Y14.56 at Y5.074.93. Turnover was the heaviest this year with an estimated 850 million shares changing hands. Large-capital stocks continued active and higher due to buying by607 words
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Article311 1978-12-09 8 'J THE MARKET firmed in fairly active trading, dealers said. 11 Pan-Continental rose 30 tents to A 110.20, Queensland .Mines 6 to $3.21, and banking issues all rose, while property stocks were steady. c BHP fell 2 cents to $8.74, 'Kathleen Ivestments 6 cents to >2.64 and Atherton 3311 words
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Article120 1978-12-09 8 THE MARKET yesterday closed weaker in moderately active trading, dealers said. Oils were down but some mining issues closed higher like Marinduque and Benguet. Commercials and industrials weakened. Turnover was 12.9 million pesos compared with 28.3 million the day before. DacM PMM Acoje Mining Atlas Con B BafuloOold BencuetCon120 words
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Article316 1978-12-09 8 THE STOCK market closed mixed with losses in the majority, dealers said. A tight money market plus a weak market sentiment caused many to liquidate even at a loss while buyers were hardly in evidence, they said. Among the falls. Thai Commercial Bank dropped 20 to 530, Bangkok Investment316 words
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Article341 1978-12-09 8 Hongkong Source: SHK Sec Ltd THE MARKET was quieter yesterday as turnover dipped to pre-toom levels. Su prising ly, prices were virtually unchanged and only moved within a narrow range. Dealers pointed to worldwide uncertainties including possibilities of further unrest in Iran aad the landSource: SHK Sec Ltd - 341 words
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Article61 1978-12-09 8 FINANCIAL TIMES INDUSTRIALS Thursday 481.5 Wednesday 4018 Week Ago 481.5 DOW JONES AVERAGE INDUSTRIALS Thursday 818.09 Wednesday 821.00 Week ago ***** LONDON DOLLAR PREMIUM Thursday 83>< to 84 '< Wednesday 82-. to 83S H.K.HANG SENG Friday 522.72 Thursday 521.00 Week ago 900.74 SYDNEY INDUSTRIALS Friday 454.53 Thursday 453.2461 words
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Article408 1978-12-09 8 EUROPEAN MARKETS ZURICH PRICES closed narrowly mixed on Thursday in featureless trading with the market larking new stimulating factors. Dealers said leading bnMa and iasuraaces were barely changed. la financial Moevenpfck recouped Its recent loss, wMle Bektro-Watt aad Porte A firmed. Among narrowly mixed industrials Hero Conserves Clba-Geigy408 words
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Article166 1978-12-09 8 dsc m Frana •-■-nrTiiImm to 1 AJuaulaat Br 1075 unci Aluaulaaa Rm Brown Bovan Br. m mm unci unci ClbaOatffjrBr im 10 ClbtOttoPC m -6 ClDaOalcyRef Credit BulaafBr m MM unci unci Credit Bulaaa Rat U1 •1 BaktrovmltBr IM 10 Oaor»a Piacbar Br Olobuih IM 432B ♦6 HaroBr SIM166 words
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Article186 1978-12-09 8 dcc m ABH ru 371 00 ♦2 old Akao AMKV Amfu Amrot Bank BJT.::::::::: Bote Boctumij Burhmann Bytnkorf Cain Del ft Dell M1J Ennla POkkar Port Otmmt 110 00 a.oo 17.00 102 90 n.4e 52.10 M 70 W OO 140.00 70.50 Ot .SOB 100.00 110.00 1MM a.90 130.00 a186 words
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Article181 1978-12-09 8 mc m vn (XMWUI Air-Liquid* m BSNOfmli Dtnonc Mi uncii C <5fV m CMrrmncala* UmPnroim Con picnic flMAdtrv CompacnM tamli Cradlt ronctor DtFt&nc* HaclMttt lumintj Mirtiinii Willi MUI m m ELM un ♦IJ H ♦1 -0 4 IS Ml I Pactum? Q0m Kuhlmann a -i.l ♦I -0.7$ Mt MJi181 words
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Article245 1978-12-09 8 GOLDS were firmer on Thursday on the higher bullion price indication* and a weak security rand which attracted tome London demand. Dealers said selected issues advanced on General Mining Group dividend announcements and Union Corp report. Trading had virtually come to a standstill some time before the official close,245 words
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Article193 1978-12-09 8 mnwnuAi A Alpha Kand M ins unch Abercom 210 AB And CI AM1C 3358 unch Bartow* Ctaueu 11M unch MO MS unch CHA CurrW Plnanc* OOB +4 Dr Batn Ind 127SB Edcon Edpn m s MOOB unch tmod; rn vol* Oardian Olenanl Oratcmn Hippo Hivekl Hutotu liberty Lonrho LTA193 words
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Article176 1978-12-09 8 Acf-T»i*funk*n S3S0 *2 Akao K.00 -»J AllsLrten 741 ♦1 Alls Vcn 406 -4J BASF IN N -1 BajrKTWbtnt no Bay Vbtnk 332 B*j*r 141 J* •4.1 BMW new uncti 393 SB »H ♦4 -a ♦0 3 moo MM 41 -t ♦OJ DtmM DtuUchc Bank III 313.00 OMflnf Bank MS176 words
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Article79 1978-12-09 8 FORWARD Mi Ae*C ArM AKur tRxrr M -1 IM +1«6 tt unch Brucan Bru-Lamb a Ml m '2 u 9 -i m 4 Cannae coef^:: DeBttn 0£Inn*-Bo> M m -m M IM m -m W -M M m M m Hotuk Pitro Rr) Dutch U Stdro a a r79 words
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Article78 1978-12-09 8 Ante unch Bute* Otntnta MN +M0 m *t MM ■n hi Ml MM -1 MM -4 mutter 0«n ImmoO xnrn lltlMMntl iui«u Hiiiihr ttatnatiMPf kUrclll Ere Mxllnti mnii mi MM +7M r» -i DIM +I.J IM *i no -1* MM! 1000 Mil* ♦310 Hoadtdan Manwdan MotUBIo ounord ounw IM*78 words
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1091 1978-12-09 8 NEW YORK NERVOUSNESS ahead at the weekly hanking statistics and disappointing whol— k price figures pushed stock prices lower in light trading on Thursday Analysts said investors were also discouraged that the market twice (ailed to follow up on brief rally efforts last Friday1,091 words
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Article1490 1978-12-09 8 On December 7 CHICAGO Board Options Exchange volume slipped to 101,389 contracts from 178,606 on Wednesday. OPTION JAN A PL JLY STOCK OPTION JAN APL JLT STOCK »11 UNTRD NOL MM A£» 45 41/1 TM «M Ata* IW 11/4 41/1 MM kx 90 1/4 UNTRO 11/1 4t1,490 words
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Page 8 Advertisements
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Advertisement63 1978-12-09 8 T<& X yips r r 2:f 5 -t" i •*3 MMBapa HI Oliirj iM l Wrl oliiTTTii f3« fnT m f >^i ll.] II Ik UMifl Til#.l■ W-'lli]i-M' .t]« ajsttss »-.1 l I KH 11% H* S3 K I I (Jll il itlllTiWip l'i iA >lf- II li'k'All B 11163 words
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INTERNATIONAL COMPANY NEWS
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311 1978-12-09 9 N.AMERICAN h d Reuter UNITED TECHNOLOGIES said it received the equivalent of nearly 20 million in Carrier shares under its tender offer which expired on Monday. It said the equivalent of 1,19.98 million shares were tendered at the offered price .pf US$2B aReuter - 311 words
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Article166 1978-12-09 9 Reuter A STOCKHOLDER on Wednesday sued Resorts International, charging the big gaming company with fraud concerning its alleged ties with organised crime. Resorts International operates the only gambling casino in Atlantic City, New Jersey. t The suit, filed in US district court for the southern district of NewReuter - 166 words
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Article, Illustration309 1978-12-09 9 MASBEY-FEEGUBON lifts reeeived ft aew antor tram Baadl Arabia for 8M farm tractors aad t,m Imptomeato valaed at l'Ssf mllltoa, TUs Mags sale* «f the eampaay's Cam mTtoaery to Saadi AraMa la im to aaare tfcaa USs2* adM— Ike Maaaey-Fergaasa MFltf (M baraepawer) aad MFltf baraepewer)309 words
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575 1978-12-09 9 NYT LAST AUGUST, Seagrave Corp., an architecturalmetal and glass-products company, announced an agreement to sell its operating assets in a new type of transaction designed to dispose of a business without tax effect. Before the deal was publicised, Seagrave shares were traded atNYT - 575 words
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630 1978-12-09 9 NYT WALTER KIDDE and Company, which made nine small acquisitions this year, appears to be looking at bigger things now. To make a big acquisition possible, .Kidde sold a US$lOO million debenture issue last week at > price to yield 9.80 per cent. EarlierNYT - 630 words
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161 1978-12-09 9 Reuter BOEING uM tt awarded eMtneU to MM three factories at Everett, Waahtagtoa, eeettag USUI mlUlca to Aaatta af Clevelaad. Beetag aaid the piaata will be ued to predaee Its I*7 jeto. The balMtags will laeiade twe majer aaaemWy faeUMee aad a ml—f aaaemMy baildtag.Reuter - 161 words
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Article, Illustration280 1978-12-09 9 CHEMICAL BANK has announced the introduction of a "NOW" (Negotiable Order of Withdrawal) account into its checking account services effective from Dec 7. The new service, called Five Per Cent Checking, pays 5 per cent interest on checking account balances. This280 words
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Article38 1978-12-09 9 FORD MOTOR announced it had cut its forecast for the US motor industry's 1979 model year car sales to 11 million from 11.2 million predicted in September. No specific reasons were given for the reduced estimate.38 words
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Article116 1978-12-09 9 UPI. THE AUSTRALIAN federal government has given permission to an American-con-trolled company to buy a large grazing and crop property on the {Catherine River in the Northern Territory. Treasurer John Howard said a temporary ban had been lifted on a proposal by Western Development toUPI. - 116 words
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Article414 1978-12-09 9 RECORD SALES r 1 ASIAN k 4 Reuter HITACHI forecasts that consolidated net income in the year ending next March 21 will rise to about 90 billion yen from 77.95 billion last year, on sales up to about 2.56 trillion yen from 2.38 trillion. A companyReuter - 414 words
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447 1978-12-09 9 FT. A CASH offer worth some US$33 million is to be made for Tally Corporation of the US by the major West German engineering and construction company*, Mannesmann. The deal, which has the full agreement of the Tally management, will give the GermanFT. - 447 words
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303 1978-12-09 9 Reuter TRICENTROL said British National Oil Corporation has reduced its 1979 production estimate for the Thistle North Sea oil field to 45 million barrels from an earlier estimate of some 55 million to SB million barrels. Contributory factors included k decline in reservoir pressure, higherReuter - 303 words
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150 1978-12-09 9 THE GENERAL mating of the shareholders of Alfa Romeo (Finmeccanica), held at the end of last month, has approved the increase of the share capital of the company from 150 billion lira to 250 billion lira through the issue of new ordinary shares which150 words
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Article288 1978-12-09 9 EUROPEAN Reute DEUSTCHE BANK siud in an interim report that operating profit in the first 10 months of this year was 6 per cent higher than the proportionate profit (or the same period last year. It gave no figures but added it expects a satisfactoryReute - 288 words
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Article55 1978-12-09 9 Reuter PREUBBAG said tt sMde te sad September and It is andw* M temte jasgter The e—ipaay said la aa tela ttiTrest flf Mw year an iae te te ndMurjpriM tread for sappsrt MMsna it aat«d aa lapwwMi te the first tee ■istte si lf» igstest teReuter - 55 words
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Article196 1978-12-09 9 Reuter CHRYSLER subsidiaries in Europe will probably post losses totalling 100 million francs equivalent or more this year. Peugeot-Citroen said in a pamphlet, which will be available to shareholders, that Chrysler France is likely to make a loss this year as a result of the costReuter - 196 words
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Page 9 Advertisements
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Advertisement141 1978-12-09 9 Total Poker is a book for winners: it's as good as having four aces and another up your sleeve. Oavid Spanier clearly analyses modem play and modern players, with an in-depth examination of the tactics, techniques, bluffs and skills necessary for success at poker. The book gives a brilliant rundown141 words
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DEALS DONE ON THE SES AND KLSE
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Article1027 1978-12-09 10 BID and offer prices officially listed and business In and reported to U>e Stock. Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts u tee quoted after the word "sett". ,c Big1,027 words
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Article260 1978-12-09 10 4 I/** 1/VB6 (290,000) (99.308 408 i 4 V 4% IWM (290,000) (99.698 99 808) 8% Tf 1/VBB (250,000) (100.158 100 308) 94% T P IWBI-84 (290,000) 02.308) T* l/MI (290.000) (100. SOB 100.798) 7 1/4% U/4/M (290,000) (100.79B) 7 1/4* lf/19/88 (290,000) (100.75B) 7 1/4% 1/1/87 (290,000)260 words
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Article142 1978-12-09 10 mwNMwniw mt MOMS MM mm f (Ml.igl 1'pHaaa tar Dm »U) (CM let pA saa) The Commerce LM is LU LIT The Saving Fund IX L» S pore Prof Fund IS LM S pore Sec. Fund 1.73 152 S pore Invest Fund LM lh H/uu ■wnrur urv ND142 words
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Article2460 1978-12-09 10 I*7H High Low Company Last Sale +«rO'I DW Dtv Crr Gr'i Net Y*ld P/* Vol Day (*8M) High Low SECTION ONE INDUSTRIALS 272 132 238 123* 178 107 219 133 275 195* 111 59 280 162 326 173* 245 140* 660 256 Acma Alcorn Allied Choc BAT2,460 words
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Article1384 1978-12-09 10 BID and offer price* officially Hated and business In and reported to the Kuala Lumpur Stock Exchan«e yesterday with the number of aharea traded shown in brackets In IoU of 1,000 units unless otherwise specified. industrial* Ami (2.128). Aitnamsta (2.T08). Alaam (1.808 1*38) (2) IHO AMD (0.628)1,384 words
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Article347 1978-12-09 10 Sea View BaM Ltd: AGM to be held at the Hotel premise*, Amber Cloae, Katong, Singapore at 12 noon today. Aakaai Ha BM: AGM to be held at Wiama Bunga Raya. 152, Jalan Ampang, Kuala Lumpur at 11.00 a.m. on Dec 11. Tmgkah Harhaar Tla Dredging Mi: AGM347 words
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Article, Illustration491 1978-12-09 10 IT WAS ONE «f the Mlart trading days «f Ike seaeoa at the Slack ExtawhgT witTXrTpHiMc from their overnight s a_ if Vrß. Market leaden ware again shewn the way Ma llicaut territory. Althsagh their Mm ware marginal, the law value of491 words
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662 1978-12-09 10 A MARKED absence of trading interest saw 'he Kuala Lumpur Stock Market fluctuating very slowly yesterday. Operators were again reluctant to commit themselves for want of a clearer trend. As a result most counters were traded narrowly to finish on a generally mixed note.662 words
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COMPANY NEWS
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269 1978-12-09 11 KUALA LUMPUR-Kepong has purchased four subsidiaries from Kepong Plantations, its wholiy-owned subsidiary, in a move to simplify the group structure and to achieve greater administrative efficiency. The four, which are wholly-owned by Kepong, are Kekayaan, Kluang Kelapa Sawit, Tertinggi and Paloh Kelapa269 words
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Article123 1978-12-09 11 HAR PAR Brothers advises members that 25,000 shares issued to option holders have yet to be approved for listing and quotation by the Kuala Lumpur Stock Exchange because the Capital Issues Committee has yet to grant approval. The shares in question are 10,000123 words
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LATEST RESULTS
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Article29 1978-12-09 11 has announced an in- terim dividend of 2.5 per cent (same) for year ending Dec 31, payable Jan 9 to shareholders registered on Dec 30.29 words
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Article47 1978-12-09 11 has de- dared an interim 1978 dividend of two pence. This is the first time the company has made an interim payment. It hopes to pay a final dividend of four pence, giving a total of six pence, against four pence last year.47 words
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Article61 1978-12-09 11 has announced group pre-tax profit of Msl.lB million on turnover of $13.32 million for the six months ended Sept 30,1978. No comparative figures are available for the corresponding period of the previous year as the group's operating subsidiaries were acquired in September this year and61 words
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Article1043 1978-12-09 11 MANO SABNANI - By MANO SABNANI INCREASED rental income from Clifford Centre will provide a further boost to Singapore Land's profits in the current year. Forecasting this in the 1977/78 annual report, the chairman, Mr. S.P. Tao, says recurring earnings from the group's commercial properties are now sufficiently1,043 words
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252 1978-12-09 11 Kien Huat has not taken its eyes off H C group KIEN lUAT Realty, the assselato (inptiy tt Geattag, k Hi Mi M yew to topple the pftaaa af llairtoaaa til OaaCleU tor Hi m)v NiltTtoi to"tkT* Ike ewfMJ MM Jest yrt ikNt Hit nillH Hi atake to H ft252 words
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194 1978-12-09 11 CENTRAL SUGARS is insisting that its purchase of a substantial stake in Pan Malaysia Cement Works during the last financial year does not involve any change in its operations. In a letter to the Kuala Lumpur Stock Exchange, it observed that operations carried194 words
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Article512 1978-12-09 11 Current Ex Books Date Total for Total for 1 Payaieat Date Cloae Payable the year Previous year A Hitaai Pleat 15*(b) Nov 22 Dec 2 Dec8 15* 15* 1 A Eat 10*1 Nov 10 Nov 22 Decs 10* 20*<e) Tali* Mi»«s 10*1 Nov 10 Nov 22 Decs 10*512 words
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Article187 1978-12-09 11 Coaipaay Particular* Ex Data Books Cloae Mia Sec 8'pore Land Syatbetic Reaiaa Fed.Cables Rakaaa Hydraulic P. Products Sctroa Ber)aya Kawat r 4 r STP (1975) Bonus Issue of 1 for 2 Rights issue of 1 for 3 6 $1.40 per share Rights Issue of 2 for 5 $1.00187 words
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Page 11 Advertisements
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Advertisement673 1978-12-09 11 K r 1 1 i \o<;i i '^sr/i MO' 'OR/sn FOR DADDY a >ri BEAUTY 4 f I c 1 I < V FOR THE CHILDREN New Reference Set Normal Price $2020 Special Gift Price $15.80 This beautifully packed reference set contains The Penguin English Dictionary and The Roget's Thesaurus673 words
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Article237 1978-12-09 12 Reuter ASEAN economic ministers will meet in Kuala Lumpur from Dec 14 to 16 of discuss problems of economic development, including the effect of Australia's low air fare scheme on regional airlines. Disclosing this, Asean secretary-general for Malaysia Kassim Hussein said the ministers would tryReuter - 237 words
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437 1978-12-09 12 A HULL fitter, Mr Ishak bin Abdul Rahman, told an inquiry yesterday he was doing hot work near the vent pipe aboard the Greek tanker Spyras when an explosion took place. Mr Ishak said that on Oct 12, his colleague at Jurong Shipyard, Mr437 words
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Article110 1978-12-09 12 ARGENTINA is considering making Singapore its transhipment centre for trade with other countries in this region. A four-member delegation is here to find ways to extend communication links between Argentina and Singapore. The delegation, led by Minister of State for Maritime Affairs Admiral Carlos Guevara,110 words
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Article, Illustration486 1978-12-09 12 SOH HANG KENG - By SOH HANG KENG AUSTRALIAN companies which traditionally borrow from Europe and America, will tap funds from the Asian dollar market in future. This was predicted yesterday by Mr. Laurie Gouge, manager-designate of the Bank of New South Wales in Singapore. The oldest486 words
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284 1978-12-09 12 Reuter JARDINE, Matheson and Co Ltd chairman David Newbigging said growth in group earnings in the second half of this year has not diverged materially from his interim forecast. In his interim statement, he said, second half growth would be about the same as inReuter - 284 words
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Article786 1978-12-09 12 LONDON, Fri. Share prices ended the account quietly mixed today and at 3 p.m. the Financial Times index was 492.2, up 0.7 on the day and up 12 points since the beginning of the account, dealers said. Leading equities closed mixed with GEC a net 5p higher after786 words
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Article105 1978-12-09 12 ASEAN port officials yesterday agreed to carry out a three-point action programme for the next two years. The plan covers simplification of port documentation, a common training course on containerisation and exchange of information and experience on port matters. The plan is part of the105 words
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Article, Illustration392 1978-12-09 12 JAPAN'S new Premier Masayoshi Ohira said his administration will give "cheap government" to the Japanese taxpayer but cautioned that the days of high economic growth rates are over. "Until now we have planned targets (or economic growth. We have walked along looking upwards, but today whenAP photo. - 392 words
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Article135 1978-12-09 12 HUNDREDS of foreigners are continuing to leave Iran amid fears that a four-day religious holiday which started yesterday could lead to serious clashes between the army and opponents of the Shah and his modernisation programme. The holiday is traditionally marked by public selfflagellation and processions. The135 words
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Article112 1978-12-09 12 Reuter TAIWAN'S foreign exchange regulations have been revised to permit the setting up of a foreign exchange market and the holding of foreign exchange by traders and designated banks in addition to the central bank. Under the old foreign exchange regulations, all foreign exchange had to be soldReuter - 112 words
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189 1978-12-09 12 THE Asian Development Bank has agreed to lend US$33 million (S*72 million) to South Korea to finance applied research. The 15-year loan, with agrace payment period of three years, bears an interest rate of 7.7 per cent. The loan will be used to189 words
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Article103 1978-12-09 12 THE Prim Minister wtU visit ThaUaad for Informal talks with the Thai Prime Matter tram Dee I to 12. Mr. Lee will be ■unmpaMnd by Mrs Lee; Mr S. Rajarataam, Matter for Foreign Affairs; Mr Lim Kim Saa, Minister for Natteaal Development; Dr Ahmad Matter, Acting Minister103 words
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Page 12 Advertisements
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Advertisement201 1978-12-09 12 The NEW €\fCCC ILLISIMTED DICTICNAKy 1478 1978 A AC !-U V I i 14 /.VM "'I MAS nir 1 w "vliw V >=~ in Two Volumes Here it is Oxford celebrates its Quincentenary Year (1478 1978) with the publication of THE NEW OXFORD ILLUSTRATED DICTIONARY. The NcV Oxford Illustrated Dictionary201 words
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