The Business Times, 9 November 1977
1977-11-09
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The Business Times
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Title Section9 1977-11-09 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, NOVEMBER 9, 1977 50CENTS9 words
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NEWS IN BRIEF
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Article77 1977-11-09 1 Reuter LONDON, Tuea. No further inquiry Into Slater Walker Securities Ltd Is Justified, Trade Undersecretary Clinton Davis, told Parliament. He said Inquiries have been made by accountants instructed by the company under the Companies Act, by the Singapore Stock Exchange, and by an Inspector appointed by theReuter - 77 words
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Article63 1977-11-09 1 Reuter PARIS, Tuea. oil consumption by major noncommunist industrialised countries rose 2.3 per cent to 386.5 million tonnes in the second quarter of 1977, compared with the same period last year, the International Energy Agency said today. This was a significant slowdown from a growth rate ofReuter - 63 words
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Article77 1977-11-09 1 AFP BANOKOK, Tues. A senior member of the mercantile shipping committee today warned of higher prices as a result of the forthcoming increase In tonnage fees for goods transported along the Bangkok-Europe route. Admiral Chit Sangkhadul noted that the 12 per cent Increase in tonnage fees to beAFP - 77 words
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Article73 1977-11-09 1 Reuter GENEVA, Tues. Third World countries today tabled a draft agreement for an international common fund with resources of up to US$6 billion (5114.6 billion) and wide-ranging authority to finance directly a series of commodity market stabilisation accords. African, Asian and Latin American states linked in the "groupReuter - 73 words
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Article64 1977-11-09 1 Reuter LONDON, Tues. British Customs and Immigration men went on strike for 4 hours today as spreading Industrial unrest over national pay restraint hit air and sea ports. The men, whose work was taken over by supervisors, Joined firemen, power workers and other groups in conflict withReuter - 64 words
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Article72 1977-11-09 1 UPI NEW YORK, Tues. The stock market, aided by General Motors' declaration of a record dividend, headed slightly higher early today In active trading. The Dow Jones industrial average, which climbed 6.50 points yesterday, was ahead 0.26 point to 816.70 shortly before 11 am (1600 OMT). The averageUPI - 72 words
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Chief Price Changes
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Article, Illustration202 1977-11-09 1 SIGNIFICANT galas were made by selected counters in barely steady conditions on the Stock Exchange of Singapore yesterday. These shares provided the only bright spots in an otherwise generally thinly traded market. The Business Times Index closed 2.09 points lower at 429.39 and the Straits Times Industrial202 words
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Article108 1977-11-09 1 Rises Most active Temenggong Austral E 1.97 2 30 .30 +.21 Olympla Q Ceramics 97,000 77,00 47,000 Talplng Con 2.00 .20 Lien Hoe Rlvervlew 2.84 +.17 Sentosa as nno Yeo HS (M) Chersonese 1.82 2.20 +.10 +.10 Total Turnover: 1.19 M K Sldlm 0.15 +.10 Total Value:108 words
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Article, Illustration599 1977-11-09 1 SOH TIANG KING - LOAN SYNDICATION CENTRE By SOH TIANG KING TOP WALL Street banker, Mr. Walter Page, yesterday rejected the popular view that Hongkong Is a more Important loan syndication centre than Singapore. Things might turn out Just the reverse, he said. Mr. Page, president and chairman-elect599 words
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Article330 1977-11-09 1 A SUICIDAL price-cutting war among the world's leading airlines may begin if governments sanction more cheap flights by independent carriers. The warning reported by Reuter follows the publication of the International Air Transport Association's (lATA) annual report, which criticised the US government approval of330 words
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579 1977-11-09 1 A TOP LOCAL contractor yesterday accused foreign contractors of unfair cutprice competition likely to squeeze local contractors out of buslneu. If this trend vent unchecked, lie warned, It would reduce local contractors to mere sub-contractors for their foreign counterparts. Mr. Peter Tsaw, manaSig director of Reliance579 words
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Article481 1977-11-09 1 SINGAPORE has reached agreement with the EEC on the level of textile exports to the community over the next five years. Informed sources In Brussels said four other countries have also reached similar agreements. They are Macao, the Philippines, Uruguay and Colum* Meanwhile the EEC has481 words
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Article108 1977-11-09 1 AFP KUALA LUMPUR, Tuea. Vietnam may import timber, rubber, palm oil and tin to help recon*truct her industries which were destroyed during the war. Deputy Minister of Trade and Industries Oatuk Mohamad Rahmat, fald today. So far Vietnam had been buying these Items from Hongkong and Singapore.AFP - 108 words
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306 1977-11-09 1 A LEADING West German machine tool manufacturer will set up a production plant here soon. Traub Machinenfabrik is investing $5 million in a now factory in Jurong, expected to start operations in January next year, as well as taking over the assets of306 words
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529 1977-11-09 1 RONNIE LIM - By RONNIE LIM SINGAPORE is the second largest Investor in the manufacturing sector in Malaysia, after Japan. The prospects are that the Republic will maintain this lead for some time to come, said Mr. T.sr. Phung, director of the engineering industries division of529 words
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Article58 1977-11-09 1 Reuter TOKYO, Tues. Soviet leader Leonid Brezhnev said the USSR economy will have doubled In size during the decade to 1980. Mr. Brezhnev said the USSR 10th five-year plan has been successful. The Soviet Union accounted for 20 per cent of world total industrial production, against 4Reuter - 58 words
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Page 1 Advertisements
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Advertisement70 1977-11-09 1 from a hankie to a suit, you can count on Mohan's frw HsnflnHahift m talitu v^ioiiiy. MOHAN'S DEPT. STORE (PTE) LTO. 321 Orchard Road/M'*****22 (nut to Mandarin HoM) D*ty 9am-9pm SEE PAGE 2 i Overseas New*/ Crosswords Oversees New*/ TV Radio Local Co. New* Int'l Co. News Local Stocks Overseas70 words
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Advertisement27 1977-11-09 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant mi] tPU Htnfiv nnc octntits pie ltd 9 t_l \G FEm;' A 1 S27 words
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Advertisement185 1977-11-09 1 Logos. Once you try it, your calculator just won't do. Olivetti Logos: A range of calculators designed to do more hard calculating work than most machines. There's the new Logos 42a that comes with a well-designed keyboard for fast, easy operation. The 42aPD, with 12-digit printout that print numbers in185 words
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OVERSEAS
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Article490 1977-11-09 2 FIREMEN MAY FOLLOW SUIT UPI LONDON, Tues. The Electricity Board today debated a conditional offer by Britain's 4,000 rebel power workers to return to the Job, but other industrial disputes threatened to leave the nation without Its flreflghting force and clog traffic at ports and airports.UPI - 490 words
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Article617 1977-11-09 2 LONDON, Tues. Britain's coalminers, whose militancy contributed to the downfall of the Conservative government in 1974, are posing a grave threat to Labour Prime Minister James Callaghan's economic policy. Fearing the consequences of their wage demands. he warned the nation It could face a winter of "dislocation617 words
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Article98 1977-11-09 2 No target rate for Reuter BASLE, Tues. Britain has no particular target exchange rate for sterling, central banking sources attending their monthly meeting at the Bank for International Settlements (BIS) here said. The meeting was briefed by the Bank of England delegation on the reasoning behind the decision announced lastReuter - 98 words
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157 1977-11-09 2 Reuter LONDON, Tues. A British union representing 38,000 merchant navy ana airline officers expressed hope yesterday that a pay deal It has reached with Canadian Pacific Steamships will help stave off industrial action within Britain's merchant fleet. The settlement with CP Steamships, which haveReuter - 157 words
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Article152 1977-11-09 2 Reuter LONDON, Tues. More evidence that Britain's Inflation Is slowing down came In figures published here yesterday. Wholesale prices of manufactured products rose 0.5 per cent in October, the same gain as the previous month. But raw material costs fell for the sixth month running,Reuter - 152 words
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404 1977-11-09 2 Reuter LONDON, Tues. Achievement of the British Government's target of expanding gross domestic product by 3.5 per cent over the coming year or two should lead to a fall In unemployment from Its present level of over 1.5 million. Treasury officials said. AnsweringReuter - 404 words
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Article170 1977-11-09 2 Reuter CHICAGO, Tues. Mr. Kingman Brewster, American ambassador to London, said yesterday Britain's economic problems were too serious to be solved by the North Sea oil bonanza and were exacerbated by high taxes. Mr. Brewster said Britain's oil reserves might last 10 to 20 years,Reuter - 170 words
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461 1977-11-09 2 UPI NEW YORK, Tues. Keeping up with the Joneses no longer is a simple matter of cars in the garage, money in the bank, high fashion in the closet or blue blood in the family tree. The answer to the questionUPI - 461 words
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594 1977-11-09 2 AFP Reuter GENEVA, Tues. Industrialised and developing countries marked out differing positions yesterday on creation of a common fund for stabllsatlon of raw materials prices, as a new round of talks began at the United Nation's Conference on Trade and development (Unctad) in Geneva. ItAFP; Reuter - 594 words
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287 1977-11-09 2 Reuter COLOGNE, Tues. Full employment In West Germany Is a long way off unless a lasting improvement occurs in the Investment climate, the Federal Association of German Banks said. To achieve such an improvement It Is necessary to reduce wage Inflation, have a taxReuter - 287 words
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239 1977-11-09 2 UPI LAS VEGAS. Tues. The long-awaited trial to determine the authenticity of the so-called Mormon will a strange hand-scrawled, three-page document purportedly written by the late Howard Hughes got underway yesterday with the questioning of the first of 200 potential Jurors.UPI - 239 words
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300 1977-11-09 3 AFP Reuter ROME, Tues. A conference of Japanese, American and European businessmen will be held here from Nov. 27 to 30 to study the possibilities for foreign Investments in Italy, It was learned here yesterday. The talks are being organised by BusinessAFP; Reuter - 300 words
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Article151 1977-11-09 3 Reuter COLOGNE, Tues. The Federal Association of German Banks said credits granted by the IMF and the EEC should carry tougher conditions, which would further compel borrower countries to make economic policy adjustments. Stricter conditionality would serve to improve their capacity to borrow on theReuter - 151 words
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359 1977-11-09 3 Reuter AP WASHINGTON, Tues. President Carter will appeal directly to the American people today for endorsement of his energy policies in a bold attempt to save the plan In Congress. After yesterday's announcement that he was postponing a nine-nation world tour to remainReuter; AP - 359 words
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172 1977-11-09 3 AP TULSA, (Oklahoma), Tues. Oil refining companies are confident the United States will have sufficient fuel oil this winter, even if the weather is colder than normal. The Oil and Gas Journal also said the industry analysts reported that stepped-up production by refiners, IncreasedAP - 172 words
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458 1977-11-09 3 Reuter PARIS, Tues. Chase Manhattan Bank president David Rockefeller said he would be happy to see the US government support the dollar more firmly. He told the French weekly "L'Express" that this year's high US trade deficit is one of the main reasonsReuter - 458 words
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216 1977-11-09 3 Reuter WASHINGTON, Tues. America's nuclear power companies, which say their ftiture is threatened by a legal ruling last March, were promised a hearing by the U8 Supreme Court yesterday. The case concerns a federal law setting a ceiling on the damage claims that could followReuter - 216 words
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Article693 1977-11-09 3 TREASURY TO POLICE IMPORTS Reuter WASHINGTON: Tues. The Carter administration has devised as the centrepiece of Its emerging programme to aid the domestic steel Industry a reference price system under which the Treasury would monitor steel imports and determine whether they are at fairReuter - 693 words
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Article232 1977-11-09 3 Reuter WASHINGTON, Tues. Federal Reserve Board chairman Arthur Burns should raise the discount rate to the federal funds rate, House Banking Committee chairman Henry Reuss said. Federal funds were quoted yesterday at 6 9/16 per cent while the discount rate is 6 per cent. Mr. ReussReuter - 232 words
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Page 2 Advertisements
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Advertisement222 1977-11-09 2 &I»JWJ Kinase# c.,,' K v _V If V ILV .•iffi *C*> v- l f v* -T a*: u r S* v? v '»i >S!*te£ w' 2«n« UH -zzzarcxz:— O M UK n«t n*» /M > > A The Biggest Difference Is In The Bill All the good things you expect222 words
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Page 2 Miscellaneous
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Miscellaneous711 1977-11-09 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Nov 8 at Singapore airport. Maximum Temperature 31.3° C Associated Humidity 64 Minimum Temperature 24.2° C Associated Humidity 96 Hours of Sunshine 6.90 Rainfall in Millimetres Nil Total Rainfall for the Month 100.4 Total Rainy Days for the711 words
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Page 3 Advertisements
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Advertisement207 1977-11-09 3 How well do you know your Australian Birds? The Qantastic 'OnestoptoLondon'bird. Every Tuesday, Thursday, Saturday at 9.45 pm il_ 9 *u »V tlt ip^^» l i ifiSi £Ay i>Ly vr X nil tm t 3f Qantas introduces a very special bird J£y to Singapore. The Qantastic 'One Stop to J207 words
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Page 3 Miscellaneous
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Miscellaneous266 1977-11-09 3 RADIO JL w Jil JL MJr X %HpC/ SINGAPORE 5 3.00 PM Opening followed by Classic Keystone Comedy Capers 3.25 Diary of Events (Malay) 3.30 Wild, Wild World of Animals Hyenas. (Last episode repeat) 3.50 Stars in Action Ordeal 4.20 Intermission 6.00 Opening followed by Electric Company 6.30 News in266 words
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COMPANY NEWS
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403 1977-11-09 4 THE KUALA Lumpur Stock Exchange has warned Kuala Lumpur Industries that it will take action against the company if it fails to furnish further in-, formation relating to its sale of 4.5 million shares in Public International Investments of Hongkong by 4 p.m. on403 words
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Article192 1977-11-09 4 CENTRAL SUGARS, which announced last week that It acquired a 10.15 per cent stake In Pan Malaysia Cement Works, has said that the shares were bought at various prices over a period of 2Vi months through a number of stock brokers. The company says In Its reply192 words
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617 1977-11-09 4 JUDGING BY its bumper earnings In the first half, group earnings of Island and Peninsular Development for the full year ending March 31, 1978 will reach a new record high. At the half-way mark, the group and its 79.7 per cent owned617 words
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175 1977-11-09 4 KUALA SIDIM Rubber hu said that lU director* ware not aware of any reason for the substantial increase in the price of the company's sham prior to its recent announcement of a scrip issue of three shares for every one held and the175 words
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482 1977-11-09 4 PERAK CARBIDE fell further into the red In the year ended May 31, 1977 with a pre-tax loss of M 5656,817, bringing accumulated losses to $1.93 million. The previous year's loss was $604,387. However, this was hardly surprising since the company shut down Its482 words
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Article148 1977-11-09 4 THE STOCK Exchange of Singapore will open eight new series of options for four underlying securities for trading this morning. Each of the four securi- ties Cycle and Carriage, Fraser and Neave, Inchcape and United Engineers will have two new series each for December148 words
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Article337 1977-11-09 4 Current Ex Date Total for TotaLfor payment Date payable the year previous year 8'for C'nuU Robinson 10% Oct 14 Nov 9 15% 25% 10* Oct 24 Nov 9 14% 11.2%a Ayer Hitam Planting 15% Oct 24 Nov 11 15% 15% HifUudi and Lowland* 25%I Sept 28 Nov 11337 words
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COMPANY MEETINGS
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Article36 1977-11-09 4 THE following company meetings are due: Nov 9 at noon at 50 Jalan Ampang, Kuala Lumpur. Veneer Products Ltd: Nov 15 at 13th floor, Tunas Building, Anson Road, Singapore 2 at 10 a.m.36 words
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Article18 1977-11-09 4 Nov lfl at noon at the Regent of Kuala Lumpur Hotel, Jalan Imbl, Kuala Lumpur.18 words
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Article15 1977-11-09 4 Nov 17 at noon at the Kuala Lumpur Hilton Hotel, Kuala Lumpur.15 words
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16 1977-11-09 4 Nov 17 at noon at the Cempaka Room, Hotel Equatorial,16 words
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Article1082 1977-11-09 4 On Nov 7 TRADING on the Chicago Board Option* Exchange came to 92,289 contracts compared with 91,388 contract! on Frl- day ornot* JAM 4fi JUT rrocac Aim M «i/« OOWQ a \n Atarn M 1 IM I l/l a 1/1 AIM 96 1.1 1/4 Not a 1/11,082 words
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296 1977-11-09 4 OEOROE KENT (Malaysia) appears to be well on Its way to another record profit In Its sixth consecutive year of growth. Group pre-tax profit rose 19.1 per cent to M 51.09 million for the half-year ended Sept 30, 1977. This was achieved296 words
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Page 4 Advertisements
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Advertisement199 1977-11-09 4 There are now 173,709 households on our circulation list c. x >, •<■• Straits Times latest circulation now stands at 1 73.709 an ametzing increase of 10.000 copies over 12 months The Straits Times latest circulation now stands at 173.709 copies per issue. That's an increase of nearly 10.000 copies199 words
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Article258 1977-11-09 5 ASIAN COMPANIES Reuter A PERTH Stock Exchange spokesman said Allied Minerals NL shares were requoted yesterday after being suspended at the company's request since midJune. This follows Allied Minerals' announcement that negotiations with the Du Pont group on the restructuring of Its lossmaking Allied Eneabba Pty MineralReuter - 258 words
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Article205 1977-11-09 5 Reuter ISHK AWAJIM A-H ARI MA Heavy Industries said it expects a 15 per cent net profit drop for the current year ending March 31. 1978 to 10 billion yen from 11.72 billion yen In 1976/77. But sales are expected to rise 10.6 per cent toReuter - 205 words
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154 1977-11-09 5 Reuter HITACHI said in New York it developed a prototype device to reproduce colour television Images from black and white microfilm. Hitachi said its simplified reproduction device, composed of a single-tube colour TV camera and a monitor, makes it possible to store colour ImagesReuter - 154 words
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158 1977-11-09 5 Reuter MERCANTILE Credits of Australia said It will make a ASIS million issue of first charge debenture stock and S5 million Issue of unsecured deposit notes to open Nov 9. Interest rates on the debenture stock range from 9.75 per cent for three toReuter - 158 words
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Article122 1977-11-09 5 Reuter WOODSIDE Petroleum of Australia said the member companies of the North West Shelf Joint venture agreed to proceed with the project planning and definition stage of the North Rankin gas field development at a total estimated cost of around Asso million. Members of the Joint ventureReuter - 122 words
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Article46 1977-11-09 5 CSR said in Sydney that it is now entitled to 11.15 million AAR shares or 43 per cent of AAR's 25.85 million Asl par share Issued capital. CSR last put its stake In AAR at 37.2 per cent as of Nov 3.46 words
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1041 1977-11-09 5 Reuter HUTCHISON International of Hongkong, which Is to merge with Hongkong and Whampoa Dock (HWD), has reported a 22 per cent rise in net earnings for the first half of this year. HWD also reported that group net profit before extraordinary items forReuter - 1,041 words
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Article270 1977-11-09 5 NORTH AMERICAN COMPANIES Reuter BOEING Co said fourth quarter results will be adversely affected by the current machinists and aerospace workers union strike against the company. The extent of the Impact on results will depend on the length of the strike and settlement terms, BoeingReuter - 270 words
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Article199 1977-11-09 5 Reuter COCA-COLA Co expects foreign sales and earnings growth to again exceed that of domestic soft drink operations, officials told analysts here. They noted that over the past six years, foreign operations have grown at a 13 to 14 per cent annual rate compared with nine to 10Reuter - 199 words
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Article139 1977-11-09 5 Reuter THE Federal Home Loan Bank System said It plans to sell US$l.6 billion worth of bonds and the Federal Home Loan Mortgage Corp will sell $200 million worth of guaranteed mortgage certificates today. The Bank System Is selling $900 million worth of bonds maturingReuter - 139 words
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Article39 1977-11-09 5 GENERAL Motors Corp said it declared a year-end dividend of U553.25 a share, consisting of a $l-a-share regular dividend and a $2.25-a-share special dividend. Both are payable on Dec 10 to shareholders registered bv Nov 17.39 words
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617 1977-11-09 5 Reuter NEW YORK: One of the more notable Wall Street developments In recent years is the concentration of research effort on relatively few companies, a development that leaves many potentially profitable Investments to Individuals willing to spend time seeking out these hidden values. In aReuter - 617 words
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166 1977-11-09 5 Reuter ARRANGEMENTS are In hand to make As 9 million In long term finance available to Mary Kathleen Uranium, Australia's only current uranium producer, National Resources Minister Doug Anthony and Treasurer Phillip Lynch said In a Joint statement. Mary Kathleen said In SeptemberReuter - 166 words
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Article97 1977-11-09 5 Reuter ICI Australia said the operations of Its Fibremakers Ltd subsidiary will be conducted as its fibremakers division from Jan 1, 1978. This will assist in achieving further reductions in operating costs of ICl's fibres business and In maintaining service to Its customers. It added theReuter - 97 words
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201 1977-11-09 5 EUROPEAN COMPANIES Reuter THE British National OH Corp is likely to become the leading British exporter of North Bea oil In a few years, the Senate Energy Committee said. It said In a report prepared by Edward Krapels, visiting research associate at the RoyalReuter - 201 words
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130 1977-11-09 5 UNITED Scientific Holdings group comprising Avlmo, Hello Mirror Co., United Scientific Instruments and Avlmo Singapore has signed a conditional contract for the acquisition of not less than 80 per cent of the share capital of Optic Electronic Corp. of Dallas, Texas, for more than130 words
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Article118 1977-11-09 5 ITALIAN state electricity utility Enel is in the Euromarketfor a US$l5O million five year credit which is expected to enter syndication towards the end of this week, well placed banking sources said. Enel recently postponed a $100 million five year Eurobond Issue due to deteriorating market conditions.118 words
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Article100 1977-11-09 5 STE Natlonale ElfAqultalne SA said a consortlum In which ElfAqultaine Llbye has a 75 per cent stake found oil about 30 kms off the Libyan coast on marine Dermlt 137. Well H-one-137 produced a flow of 165 cubic metres per day of any hydrous oil and tests to100 words
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Page 5 Advertisements
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Advertisement58 1977-11-09 5 1977 Third Quarter tomximMMt of Smith—t Mm MMnm (ASEAN) Mmm 1 AUM mrm project Mrs. Doris Pang Asia Research Pte. Ltd. P.O. Box 91, Alexandra Post Office, Singapore 3. Telephone *****45/6 Please send to the address below J the latest issue of ASEAN Business Quarterly (Autumn edition) for which I58 words
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Advertisement240 1977-11-09 5 Steadily We Grow IT We're one of Singapore's youngest banks' Considering that the first account, established with us, is not yet four years old. we have already become a sturdy plant, firmly rooted in our garden city Fertilised by satisfied customers, who entrust their business to us and who come240 words
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Article2353 1977-11-09 6 1*77 High Low Company Last Sale +orGr'» Div Div Cvr Gr'a Y'ld Net P/E Vol (•000) Day Hick Low 8ECTION ONE INDUSTRIALS 154 204 116 242 88* 198* 169 234 414 146 134 165 58 212 57* 155 152 182 350 91 Aema Alcom Allied Choc Bata2,353 words
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Article1247 1977-11-09 6 BID and attwr prices officially listed and butlMH in and reported to the Stock Exchange of Singapore yesterday with the nunbar of shares traded shown to brackets to lots of 1,000 unlta unices mto »to specified. All Time Settlement Contracts are quoted altar the word "Sett." Big1,247 words
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Article1492 1977-11-09 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Ex* chance yesterday with the number of sharea traded ahown in brackets in lota of 1,000 unita unleaa otherwise specified. INOVBTRIALB A Jin* mats (2.038). AJtsm (1.748). A lea. MsM (01,492 words
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Article117 1977-11-09 6 STRIKING prices of the •tock optiqns officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and businese done yesterday, with the number of options traded shown in brackets. 0 msT* C <D6C tl m <# 4 B (March $I.M) (0.605) DBS (March >3.60)117 words
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Article136 1977-11-09 6 SINGAPORE UNIT TBU8T INCOME BOND UNIT The Commerce 1.75 The Savine Fund 104 S pore Pro* Fund 0.83 Spore Security Fund 182 S pore Invest Fund O.W ASIAN UNIT TRU8T (Maaacert' prksi for N«v Mai Inveit Fund 1.82 Mai Prof Fund 0.88 Mai Security Fund 0.84 Mai Berjaya136 words
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Article130 1977-11-09 6 Rep Spore D Mark 7% 1982 i 100,000) (100%8 101*8) tep Spore 6 1/2% 1983 (100,000) (1008 100*8) Rep Bpore 7 3/4% 1987 (100,000) (99*8 100*8) 4 3/4% 1/8/79 (250,000) (100.258 100.408) 5 1/4% 15/10/79 (250,000) (100.55B) 5 3/4% 1/8/78-80 250,000) (100.958 101.258) 4 3/4% 15/9/80 (250,000) (99.188130 words
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Article180 1977-11-09 6 B O T 8 1/2% 1961 (100,000) (99 *B 100SS) B O T 7 5/8% 1984 (100,000) (96*8 97*8) LTCB J 1982 (100.000) (988 98SS) Credit LyoanaU Floating 1983 (100,000) (97*8 98S) DBS Converts 6 1/2% 1991 (100,000) (96*8 978) D B S 8 1/2% 1982 (100,000) (9«%8180 words
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Page 6 Advertisements
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Advertisement176 1977-11-09 6 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who176 words
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Article, Illustration602 1977-11-09 7 SIGNIFICANT galas ware made by eaieeted counters in barahr steady conditions on the Stock Exchange of Singapore yesterday. 11mm provided the bright ■pots in an otherwise generally thinly traded market. However, they were not effective in motivating the rest of the market to move upwards. Acroes the board,602 words
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Article407 1977-11-09 7 SHARE PRICES wavered erratically to finish slightly mixed In another dull session on the Kuala Lumpur Stock Exchange yesterday. Volumes were again low, with narrow price margins reported. There was also little indication of sustained follow-through and for the greater part of the day, prices merely drifted.407 words
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Article352 1977-11-09 7 HONOKONO: Shares prices closed firmer on short-covering In moderately active trading, with Interests mainly in blue chips, dealers said. The Hang Seng Index rose 7.57 points to 433.93. Hoagkoag Bank rose 40 to 18.90, Jartiae Matkooea 20 to 13.80 and Hoagkoag Lead and Swire Pacific 13 each to 7.10352 words
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Article494 1977-11-09 7 TOKYO: Share prices fell sharply In thin trading In the absence of fresh factors, dealers said. The Dow Jones average fell 47.85 to close at 4,076.43, dipping below 5,000 for the first time lnthree months, on volume of 130 million shares. The new Index closed at 371.01, down 3.00.494 words
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Article410 1977-11-09 7 BYDNEY: The market was irregular, with HHP losing an early sain to close two lower at 5.40, dealers said. Among banks, the Wales was steady at 5.30 after an early fall while the Natioaal lost three to 2.87. Elsewhere In Industrials, CSR rose four to 2.92 and Wooiwortke three410 words
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Article162 1977-11-09 7 MANILA: The market declined across the board, with turnover falling to 8.8 million pesos from Friday's 11.1 million, dealers said. Atlast lost 10 points and Lepanto three, and other minings also declined In line with metal prices abroad. Among oils, Trass Asia lost two points and others eased slightly162 words
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Article118 1977-11-09 7 nvv iv Atfa flbrt 1M -U 1, 1,1 *n -h 390 -4 si» Berll Jucker 830 -U Charoont Thai Wire 360 -4 Duski OuattThani Fiber Merlin FtmTruet 374 -4 Oenerm Finance 387 -J Indo-Thal Industrial Finance Corp 2488 -41 J And J Ho 438 -I Jalaprathan 371 Omaot Kamaeuta118 words
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Article301 1977-11-09 7 AMSTERDAM: The marker closed slightly firmer on balance In moderate trading, dealers said. Dutch International* firmed, led by Royal Dutch and Unilever which both closed 0.80 guilders higher. AKZO, however, fell 0.20. Most banks firmed although Amro was unchanged. Insurances, transports and trading and Industrials stocks mainly fell. Isolated301 words
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Article151 1977-11-09 7 BRUSSELS Belgian shares were mixed with a majority lower, market sources said. Among shares to rise were Sidro, Aaturienne HainautSambre, SocAn, St. Roch and CBR while Reaerva, Traction, Cobepa, Vieille Montague, FN, ACEC, UCB, Cometra, Finoutrenwr and Arbed felt. Germans and French shares fell. American and Dutch were mixed151 words
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Article299 1977-11-09 7 FRANKFURT: The market doted mixed with a weaker tone In aome sectors offset bv strong fains In motors ana constructions. dealers said. Dakilar rose 7.50 marks and Mfc«d— hold inn closed 6.50 marks higher while Hoebttt was 14 marks higher In constructions. Lnftkaasa lost six marks. Btores lost up299 words
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Article162 1977-11-09 7 MILAN: The market was again lower In reduced trading, influenced by selling pressure on a number of stocks, dealers said. Anic, Snia ViscoM. Pirelli E C. and Montedison eased Other industrial and financial leaders were mostly lower while Insurances eased marginally. Banks also fell. In bonds. Interest centred on162 words
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Article324 1977-11-09 7 PARIS: Shares were generally lower In fairly quiet trading, except for mixed banks, bourse sources said. In stores, Carrefour lost 15 francs. Michelin was also down 15. In hotels. Jacques Borel was down three and In electrlcals, Moulinex lost 4.90 francs US shares were mostly higher following Wall Street324 words
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Article287 1977-11-09 7 ZURICH: The market closed narrowly mixed in generally quiet dealings, with no new market factors, dealers said. Small variations either way were reported in leading banks and insurances, but Vollubnnk was higher on Its pre-weekend announcement of a capital Increase. In otherwise little changed flnanclals, both OerllkonBuehrie stocks rose287 words
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Article379 1977-11-09 7 JOHANNESBURG: Gold shares finished below opening levels despite a firmer bullion price, dealers said. After a flurry of local Interest following weekend press comment, gold shares were quiet. Prices towards the close were still up on Friday, however. In other metals, activity was fairly quiet In tins. Rooiberg rose379 words
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Article297 1977-11-09 7 TORONTO: Share prices closed mixed in active trading. The composite Index was off more than 1% points but advances outpaced declines 233 to 182. Thornton Industries fell 2% to 30. A lean lost to 24%. Aquitaine dropped to 14H and George We*ton pared to 12%. Amalgamated Bonanza fell 3%297 words
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Article1101 1977-11-09 7 NEW YORK: The stock market advanced along a broad front in continuation of last week's technical rally. Trading was active. Analysts noted some easing of worries over tight money, as Citibank on Friday and First National Bank of Chicago on Monday said they would hold their prime rates1,101 words
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Article62 1977-11-09 7 FINANCIAL TIMES INDUSTRIALS Monday 480.4 Friday 476.2 Week Ago 505.5 DOW JONES AVERAGE INDUSTRIALS Monday 816.44 Friday 809.94 Week Ago 818.35 LONDON DOLLAR PREMIUM Monday 97 to 97 v* Friday 98S to 98% H.K. HANG SENG Monday 426.36 Friday 434.80 Week Ago 417.79 SYDNEY INDUSTRIALS Monday 383.11 Friday 386.1162 words
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Page 7 Advertisements
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Advertisement525 1977-11-09 7 BUSINESS TIMES Airline Directory Aero+lot Soviet Airlines 110-112 Show Centre, Orchard Rood, Singapore 9 (Tel: 377.111) Air Ceylon 302-R, 3rd Floor, Marina House Shenton Way, Singapore (1) (Tel: ***** M) Ground. Floor, ICR Ruilding, Shenton Way Singapore 1 (Tel: *****11) Air India 16th Floor, UIC Ruilding, Shenton Way, Singapore 1525 words
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COMMODITY REPORTS AND PRICES
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Article370 1977-11-09 8 THE morning session In the Singapore rubber market yesterday was 0.50 cent lower on easier afterhour prices and lower London advices. Prices rose fractionally during the afternoon on continued covering demand of November RSS One. The market closed quiet, ..with November RSS One buyers quoted at370 words
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Article30 1977-11-09 8 Rubber: Nov 8 Singapore: November 208.25 cent* (down 0.25 centa) Malaysia: December 208.50 centa (down 1.75 centa) Tin: 51.841 (down S4) Official offering: 145 tonne* (down 56 tonne*)30 words
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Article320 1977-11-09 8 H A S. prices in cenu per kilo yesterday: Noon a io*e (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 207.00 208 OOS 207.SO 208 50N Int. 1 R.S.S. No* 208.00 208.50 208.29 208.73 Int 1 R.S.S. Dec 206.75 209.25 208.75 209.29 Int.320 words
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Article111 1977-11-09 8 NOON SSR and SMR prices yesterday: HAS nvrmmb* (Currant Mtfc) Dcccmber (Forward Mth) Buyer* ScUen Buy art StUin (eaaupwkc) (nmupcrU) SSR20 (1-ton pallet)' 201.50 203 50N 202 50 204 50 N III S8R 50 fl-ton pallet) 109 00 201 00N 200 00 202 00N MR.E.L.B. 2 SMR5CV111 words
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Article258 1977-11-09 8 LONDON, Tues. Coffee opened £17 to £35 lower on moderate turnover of 249 lots. The official tone was "hesitant". Early selling followed declines from the highs In New York. Some long trade house profit-taking also came in and depressed prices, dealers said. Traders anticipate a quiet session because the258 words
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Article576 1977-11-09 8 NEW BUYING Interest from overseas injected some life into the Singapore Produce market yesterday, rices for most of the commodities held from steady to firm. Coffee traders, especially, were reporting brisk sales to the neighbouring countries. There was no change in the official price of all grades of576 words
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Article322 1977-11-09 8 LONDON, Tues. Terminal opened quiet, with prices £11 higher to £5 lower in sales of 36 lots. Dealers said there was no news to encourage fresh interest and prices fluctuated narrowly in very thin dealings. At the end of a quiet morning, values were £3 higher to £7 per322 words
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Article71 1977-11-09 8 C.l.F. Rotterdam. US dollars per ton. LONDON: Monday IVrvMMis Malaysia 5*> f ra bulk Jan 425 sir unq Sumatra b% ffa Nov unch 450 sir Dec 436 sir 427 pd Jan 430 sir 427 50 pd Feb 427.50 sir 422 50 pd March unch 422 50 pd Nigerian71 words
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Article202 1977-11-09 8 BANGKOK. Tues. Indicative prices for rice quoted today were: (US dollars per tonne fob bull Bangkok) White Rice: 100 pet Ist class 311, 100 pet 2nd 297. 100 pet 3rd 291. 5 pet 2*l. 10 pet 262. 15 pet 259. 20 pet 2M Z5 pet 249. 35 pet unq202 words
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Article247 1977-11-09 8 THE Btralts tin price In Penang yesterday was down MB4 to $1,841 on an official offering down 56 tonnes to 145 tonnes. Despite lower supplies of tin concentrates from miners, the price continued to fall marginally following the weaker London Metal Exchange, although limited buying interest was still247 words
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Article352 1977-11-09 8 LONDON, Tues. Ter- mlnal opened £1.95 to £0.85 per tonne down from Mon- clay afternoon's closing levels. Turnover totalled 982 lots. Market sources said prices moved Irregularly lower at the opening reflecting trade reports of cheap sales of Dec shipment raw sugar by Peru on Mont day. The London352 words
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Article99 1977-11-09 8 HONGKONG, Tues. Cotton futures closed easier on heavy selling from commission houses offset by limited profit-taking from trade houses, dealers said. March and July were traded at new lows of U547.80 and 48.80 cents respectively, they added. Losses ranged from 0.25 to 0.44 cents, while total turnover rose99 words
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Article196 1977-11-09 8 YARN and cotton In Hongkong dollars, spot ex-godown Cotton Vara: China Blue Phoenix 20-s 1.850. 32's 2 010. 40's 2.105. (per bale of 400 lbs) Piece Goods: China Butterfly and Qiobe Brand unq. Dragon Head unq, Five Lambs unq. Flower and Butterfly unq. Flying Oeese unq. (per piece196 words
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Article129 1977-11-09 8 CHICAGO, Tues. Soy bean futures continued to strengthen yesterday, registering gains of US 19 to 15 1/4 cents a bushel at the close. With speculative buying Snerated by a continued gh rate of export clearances, light fanner selling and strength in the soybean meal market, prices advanced rapidly in129 words
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Article85 1977-11-09 8 CHICAGO, Tues. Wheat futures yesterday flnslhed the session near the day's highs with gains of US 2 to 3* cents a bushel. With favourable export prospects and the talk.of the possibility of more Soviet grain purchases providing a supporting influence, prices rose on speculative buying stimulated by the strength85 words
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Article318 1977-11-09 8 LONDON, Tues. Copper wire bars finished the morning with all-round losses of £2.00. Dealers said the easier overnight New York trend unsettled the pre-market where Three Months traded down to 1050 per tonne before short-covering cushioned the fall. In the ring, values recouped most of the early losses on318 words
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Article206 1977-11-09 8 LONDON, Tues. Silver lost 2.0 pence per troy ounce all round. Easter New York and a sharp downturn In gold this morning prompted tired long liquidation on the premarket. Three Months traded down to 273.2 pence before finally steadying In the ring to 273.5 on sporadic shortcovering. Sales of206 words
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Article366 1977-11-09 8 THE kllobar market in Singapore opened at 5512,839 yesterday and closed at 5512,866 In thin trading conditions. Prices fluctuated in a range of 5595.00. In the London market the metal opened at U*****.00/ 20 and closed at U*****.55/ 75. The London morning fix was U*****.70, down USsl.7'o from the366 words
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Article77 1977-11-09 8 LONDON, Tues. Zinc closed with cash £0.50 up and Three Months £1 down. Pre-market liquidation pushed Three Months down to £284 per tonne where short-covering developed against physical demand and the position climbed back to £290 in second ring dealings. On Monday, zinc ended the afternoon ring £3 down77 words
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Article78 1977-11-09 8 LONDON, Tues. Lead fell 14.50 for cash and £5 for Three Months. Values worked lower in sympathy with copper and Three Months traded down to £346 in first ring dealings following stoploss orders around the £349 level. The subsequent rally in copper encouraged shortcovering and proflttaklng purchases and the78 words
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MONEY AND EXCHANGES
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Article563 1977-11-09 8 THE LOCAL money market continued erratic yesterday after opening on the high side at 4H per cent under the Influence of the previous day's 7 per cent closing. For most of the morning, demand was brisk and the rate rose to 6 per cent with offers of BVi per563 words
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Article40 1977-11-09 8 ACBC Alcemene Bank Bangkok Bank HSBC 7 1 Bank of America Bank of China Buk of Tokyo Malayan Banking 7 Bank Nogara OCBC OUB S>. 7 Chartered Bank UCB 7 Chaae Manhattan DBS UMBC (JOB 7 740 words
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Article176 1977-11-09 8 Asian rates ASIAN currency deposit Interbank rates as at close on Nov a USIMla Offsr BM 7 days 4 1/8 4 1 mth 6 S/18 e vie 2 raths .8 7/8 8 3/4 3 mtha .7 1/4 7 1/8 8 inths .7 7/W 7 5/18 8 mtfis 7 1/2 7176 words
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Article55 1977-11-09 8 RANGE of prices offered by discount houses on No* a Oernif ht J* to 3tt« Call deposit Z% to 3*% CWlBf Baytac 9.U1M 3-Month Treasury Mils 3 3/16 3-Month Bank Mils 4 7/1 3-Month CD 5 7/16 6-Month CD 9 7/» 3 1/16 4 V4 9 9/16 3 3/455 words
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Article135 1977-11-09 8 Euro rates LONDON, Tues. Trading In Eurodollar deposits was subdued because of the US Election Day holiday, dealers said. Periods were technically lower. One Month was most affected and dropped 11/10 per cent to 6 1/4 0 1/8 while Two Months lost 5/16 to 9 15/18 6 13/16. Rates were135 words
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Article224 1977-11-09 8 LONDON, Tues. The dollar opened generally firmer here against leading currencies as operators closed short dollar positions In subdued trading, dealers said. Dealers said yesterday's published statement by Chase Manhattan chairman David Rockefeller that he would be happy to see the US authorities support the dollar more firmly aided224 words
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Article110 1977-11-09 8 NEW YORK, Tues. The dollar closed higher yesterday against most major currencies in light trading ahead of the US bank closures. The gains were mainly attributed to squaring of short dollar positions and the expectation that if any news comes from the central bankers' meeting in Basle, It110 words
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Article104 1977-11-09 8 TOKYO, Tues. The dollar for overnight delivery closed at 247.90 yen, down from 248.40 at the opening and yesterday's close, dealers said. No central bank intervention was detected, they said. Trading volume was US$2l4 million. The US unit moved fractionally In slow trading Initially, with dealers awaiting the outcome104 words
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Article162 1977-11-09 8 HONGKONG, Tues. The US dollar weakened slightly against the yen, but was steady against other currencies In quiet trading ahead of New York's closure today, dealers said. It closed at 247.75/90 yen from New York's mid-point equivalent close of 248.45, and was little changed after fluctuating within a narrow162 words
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Article68 1977-11-09 8 ZURICH exchanges closing quotes on Nov 7 US 2 2195 2205 UK 4 0075 0110 Can 2.0018 0031 W Germ 96 28 35 Neth 91.14 22 France 45.99 73 Belt 27%. 28 St Denm 36 33 36.36. Norw 40.47 50 Swed 46 20 23 Italy 0 2525 2527 Austria68 words
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Article58 1977-11-09 8 AUSTRALIA NZ exchanges quoted on Nov 8 AUSTRALIA: US dollar 1.1299/ 1.1221 Sterling 0 6296/ 0.6197 Ninety-day air mail buying rates: Sterling 0.9401 U8 dollars 1 1995 Ninety-day forward buying rates: Sterling 0.9199 US dollars 1.1390 NEW ZEALAND: Sterling 0.5500/ 0 5470 US doUar 0 9943/ 0 9943 Ninety-day58 words
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Article47 1977-11-09 8 FRANKFURT exchanges opening quotes on Nov. 8. US 2.1800/<0 Can 2 0406/ 25 UK 4 090/ 090 Neth 92.90/ 70 Swiu 101 56/ 95 Italy 2.371/ 591 France 46.43/ 53 Norw 41 19/ 29 Belg com 6.395/ 390 Belg fin 6.39/ 39 Japan 0 9120/ 3547 words
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Article268 1977-11-09 8 Eurobond price* quoted on No* 8 Straight* BM Off* Nippon Fud Bank D8M (Holland) 84 87 97V, BNDE (Brazil) 9V. 84 974 Sweden 7w 82 9?»» 96*. 96* Sweden 8 V, 87 97*. Walter Kldde 84 85 984 Pemex 982 »g-. 99 IU Oversea* Finance 8*87 97 New Brunswick268 words
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Page 8 Advertisements
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Advertisement309 1977-11-09 8 IN PENGUINS Yuk.o Mishima firmly upheld the traditions of Japan's imperial past which he be,n 9 ,owl V e^ oded by Western materialism. Disillusioned he astonished the worlcf in 1970 by committing hara-kiri or ritual suicide by disembowelment. One of his last works, Runaway Horses, is now published in Penguins.309 words
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TRANSPORT AND COMMUNICATIONS
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256 1977-11-09 9 AP TOKYO, Tues. Representatives of 14 shipbuilding nations of the Organization for Economic Cooperation and Development (OECD) discussed Issues facing the slumpridden industry today, officials reported. The Foreign Ministry officials, however, did not give details of the talks on the second day ofAP - 256 words
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Article180 1977-11-09 9 AFP NEW DELHI, Tues. The chairman of the state-run Shipping Corporation of India (SCI) today said that the SCI was facing keen competition from the Soviet Union and other countries and was planning to change its policy. The chairman, Mr. Rahunath Singh, told a pressAFP - 180 words
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Article154 1977-11-09 9 AP LONDON, Tues. Time chartering dominated the London freight market yesterday with numerous new bookings and spotlighted a firmer tone for large bulk carriers offering early delivery in the Far East. Tradax booked the 76,103dwt Rebecca at $1.52 per dwt for a November trip from Japan toAP - 154 words
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507 1977-11-09 9 Reuter AFP BONN, Tues. The West German airline Lufthansa may suspend flights to Algiers unless Algerian authorities allow West German border guards to carry out security checks on the plane), reliable sources said here. The Algerian government had not responded "In a satisfactory manner"Reuter; AFP - 507 words
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Article, Illustration177 1977-11-09 9 A FERRY company In Hobart, capital city of Australia's island State of Tasmania, has designed and built a twin-hulled ferry capable of speeds twice those of conventional ferries of the same size. The managing director of Sullivans Cove Ferry Company, Mr Robert Clifford,177 words
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Article32 1977-11-09 9 TUNIS, Tues. The Japanese company Nippon Electric is to construct an undersea telecommunications cable Unking Tripoli and Benghazi in Libya, an Arab Revolution News Agency (ARNA) message received here said.32 words
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Article, Illustration355 1977-11-09 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Annapurna (1830 after Kota Slngapura) 42/43 Black Whale (0530 hauls after Trianon) 38/39 Bunga Gelang (1800) 19 Bunga Seroja (D/L) (2100 after Black Whale hauls) 35/36 Christian Maersk (after Straat Freetown) 10/11 Dalshln Maru (Car carrier) (after Turkmenlya) 45 Eugenlusz Kwiatkowskl (L/L) (after355 words
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262 1977-11-09 9 AP MEXICO CITY, Tues. Negotiations between the paralyzed governmentowned airline Aero Mexico and striking ground workers resumed yesterday at the Labour Department but no solution appears near, a company spokesman said. "There is no indication the government will intervene and take overAP - 262 words
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Article968 1977-11-09 9 THERE has been some Increase in log shipments to the Northern Far East although the freight market has had many enquiries, but few fixing. Freight rates from the US to Japan and from the Northern Far East to the US are moving upwards. The highlight of the968 words
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Article661 1977-11-09 9 ARRIVALS DEPARTURES Service Local Operator Nuator Time From TMA TL304B 0530 TPE MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0615 KUL MAS MH621 0650 PEN MAS MH607 0900 KUL MAS MH671 0945 PEN/KUL SIA SQ103 1015 KUL PAA PA847 1025 SPO/HNL/OUM OIA OA960 1030661 words
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119 1977-11-09 9 AP KUALA LUMPUR, The Soviet Merchant Shipping Corporation will be basing a representative here soon to deal with Increasing Malaysian goods being carried by Soviet ships, the Russian Ambassador here, Mr. V.N. Bendryshev, said yesterday. Trade ties between Malaysia and the Soviet Union couldAP - 119 words
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Article102 1977-11-09 9 AFP NEW YORK, Tues. Iran and the Gulf Emirates will be major buyers of civil planes in the next few years, according to a market Investigation by the specialist agency Frost and Sullivan here. Middle East countries will allot $5,200 million to such purchases In the periodAFP - 102 words
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Article115 1977-11-09 9 AFP TOKYO Tues. Japan will extend a 23,000 million yen loan to Egvpt to help finance the deepening and widening of the Suez Cfcnal, it was announced here today. The loan was extended to the Suez Canal Authority by Japan's Governmental Overseas Economic Cooperation FundAFP - 115 words
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Page 9 Advertisements
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Advertisement165 1977-11-09 9 Our calculators won't add anxieties. That's important. Anxieties about office machines can make the office efficiency lower. And profits. Olympia Calculators don't require doublechecking. And because readings are always done with ease and accuracy, you can trust them. They are from, afterall, one of the world's largest and most reputable165 words
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Article, Illustration1181 1977-11-09 10 FT LONDON: Unemployment in Asian developing countries could rise to between 15 to 20 per cent in the next 10 years unless governments and international authorities act quickly to start creating new job opportunities. That horrifying prediction is from the AsianFT - 1,181 words
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Article, Illustration1120 1977-11-09 10 NYT NEW YORK, Tues. Almost as an afterthought or so it seemed at first Arthur F. Burns concluded a recent speech with a paragraph that seems particularly pertinent at this time. It started out saying that "we at the Federal Reserve always welcome advlce on how bestNYT - 1,120 words
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Article, Illustration952 1977-11-09 10 NYT NEW YORK, Tues. Israel's military power Is considered so strong today and that of the Arabs so weak that the prospect that the United Nation's Security Council or an Individual member could Influence Israeli military policy in a crisis seems Increasingly remote. AmericanNYT - 952 words
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Article, Illustration1029 1977-11-09 10 TOKYO, Tues. Tomoyo- shi Nakajima Is a member I of an unusual, growing, yet little-known group of i Japanese, ife wants to leave his countfr permanently. i And he is leaving. In a few days Mr. Nakajima and 57 other Japanese citizens will board a1,029 words
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Page 10 Advertisements
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Advertisement167 1977-11-09 10 '/I ZJ COLLECTINQ Oriental Antkwej by Judith Moorhouse and Dries Blitz ra Hamlyn Group, London. Oriental antiques have always fascinated coii#rtnr« s?r r 3e^st e it W ts r h* eV kln they d 0 the exotlc and ln exDensivp th! however widely believed that they are too Ko^fiww for167 words
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Article, Illustration234 1977-11-09 11 MR. JOHN Kenney (above), vice-chairman of United California Bank arrives In Singapore today on a brief visit as part of his tour of the five Asean nations. In Singapore, he is meeting government officials, bankers and leading businessmen. Mr. Kenney Is now in234 words
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Article142 1977-11-09 11 UPI TOKYO. Tues. The number of Jobless Increased 4 per cent In September over a year ago, totalling 1.05 million, the statistics Bureau of the Prime Minister's Office announced today. The office said the unemployment rate for September stood at 2.09 per cent after seasonal adjustmentsUPI - 142 words
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Article46 1977-11-09 11 UPI COPENHAGEN. Tues. New gas discoveries in the Danish area of the North Sea will make Denmark self-sufficient until after the year 2000 and planned imports from Norway will not be necessary, an oil and gas company manager said today. UPI.UPI - 46 words
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248 1977-11-09 11 UPI CANBERRA, Tues. The government may establish strategic fuel stockkplles to protect Australia against International embargoes. National Resources Minister Doug Anthony said yesterday. The proposal was part of a broadly-based energy plan outlined by Mr. Anthony in Parliament. "Only essential materials which could be vulnerableUPI - 248 words
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Article378 1977-11-09 11 Reuter SYDNEY, Tues. The main influences on the Australian dollar in recent weeks have been the sharp j fluctuations between other currencies, rather than further speculative i pressure. This trend seems likely to continue in the near term, bankers and economists said. The exchange rate authorities'Reuter - 378 words
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Article, Illustration106 1977-11-09 11 MR ROBERT Frazer, vicepresident of Jantzen, the American swlmwear and sportswear manufacturers, will be In Singapore from today till Friday. Mr Frazer will be meeting with Jantzen's local sole agents, Robertson, Wilson (S) Ltd and with dealers. There will also be a fashion show106 words
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343 1977-11-09 11 AFP TAIPEH. Tues. Taiwan's foreign trade is expected to reach US$l7.6 billion (Ss42 billion this year), some $900 million under the target. The Economic Planning Council attributed the failure to meet the target to the slower than expected recovery of the world economyAFP - 343 words
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Article, Illustration150 1977-11-09 11 LOCAL management consultants, Pacific Management Resources Pte Ltd, will now be able to help companies to recruit top executives worldwide, thanks to a merger with the European consultancy, Berndtson International. The merger creates a new company, Berndtson Pacific. Mr Per Berndtson (above), chairman150 words
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Article114 1977-11-09 11 AFP JAKARTA. Tues. The state oil company Pertamlna will lose 170 billion ruplahs (SS9B3 million) next year If the domestic prices of oil and refinery products are not Increased, Mining Minister Mohammad Sadfi told Parliament yesterday. This year Pertamlna Is losing 54 billion ruplahs becauseAFP - 114 words
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Article78 1977-11-09 11 Reuter HONGKONO. Tues. A national conference of China's electronics industry is in session in Peking. Peking Radio, monitored here, also said the conference, called by the Fourth Ministry of Machine Building, was attended by more than 2,500 delegates. The conference was to sum up experience of successReuter - 78 words
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Article26 1977-11-09 11 MR. K. SAKURAI, adviser and director of Jurong Shipyard Ltd was yesterday elected a member of the Committee of the Singapore International Chamber of Commerce.26 words
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Article218 1977-11-09 11 AFP HONGKONG, Tues. Wardley Limited, assisted by Manufacturers Hanover Asia Ltd. and State Bank of India, signed final documents yesterday for a loan of US$5O million (Ssl2o million) for the oil and natural gas commission, guaranteed by India. The syndicate of banks providing this firstAFP - 218 words
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Article255 1977-11-09 11 AFP NEW DELHI, Tues. India Is to supply two shipments of 100,000 tonne each of iron ore fines "to Japan, under a trial order secured recently. The first shipment of Balladlla fines from central Indian Mines Is expected to begin from Vlsakhapatnam port next month, whileAFP - 255 words
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738 1977-11-09 11 UPI TOKYu. rues. Japan will spend between US$2 and 3 billion (SS4.B and $7.2 billion) on special purchases of raw materials before the end of the 1977 fiscal year on March 31 in an effort to ease Its swollen trade surplus, aUPI - 738 words
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301 1977-11-09 11 UPI TOKYO, Tues. Japan Is expected to propose technological exchanges for development of Its fast breeder reactors at the first Japan-Soviet meeting of the scientific and technological cooperation committee scheduled in Tokyo next January. The committee meeting, based on the bilateral science and technology cooperationUPI - 301 words
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Article98 1977-11-09 11 AP TOKYO, Tues. A Tokyo restaurant owner bid the equivalent of U5554.73 per pound (0.45 kg) for a cow, a record on the Tokyo meat exchange, a spokesman said today. The buyer, whose name was not disclosed, bought the entire cow vesterdav for 10 million yen (SS90.000)AP - 98 words
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Article295 1977-11-09 11 VOLVO expects Singapore to paly a vital role in Its Asian operations, from Its relocated Far East headquarters here. Mr. Pehr Gyllenhammar. president of AB Volvo Sweden, was due Co arrive here last night for the official opening of the new regional headquarters today. "The295 words
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Article141 1977-11-09 11 NEPTUNE Orient Lines (NOL) will begin its new US West Coast service early next year, using four container ships on the initial phase of the service. Neptune Orient awarded a 57.7 million contract to Ishlkawajima Harlma Heavy Industries (IHI) of Japan yesterday for the conversion141 words
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223 1977-11-09 11 UPI TOKYO, Tues. Japanese agricultural groups plan to resume the emigration of youths to engage in agriculture in Brazil next year after a lapse of a decade. The Federation of AllNippon Colonial Agricultural Cooperatives said today preparations are being made to resume the programmeUPI - 223 words
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76 1977-11-09 11 ROAD transport will be Uw ninth Industry which tfjg Industrial Training Boajfi is visiting today to famfa. liarlse its members with Uk assembly, servicing aflgf repair of motor vehlcft? and heavy-duty trucks, well as to study the issuer and problems faced by tHfr industry. ITB76 words
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230 1977-11-09 11 UPI WELLINGTON, Tues. New Zealand opposition leader Wallace Rowling today scathingly criticised the government for considering a solo deal with the Soviet Union to fish the country's newly-declared 320-km economic zone. "You cannot leap into bed with the Russian bear and not feel itsUPI - 230 words
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Article57 1977-11-09 11 AFP ATLANTA, Tues. President Carter's peanut business is for sale, the President's lawyer Charles Kirbo said yesterday. The President's brother, Mr. Billy Carter, became manager of the business but has resigned to follow other interests, and current manager Tony Leroy said recently that trade had droppedAFP - 57 words
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Page 11 Advertisements
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Advertisement75 1977-11-09 11 jagar** 9 mm saw*** v. TH f. V it y' 2 V ir' '7*» rm»»T-4i..i i\ i 'IT* r t i fTdFirtt ft- > tffi* 1« •i. 44** l('i;0-T I. <c I I Jll'.t 3X iW'TfHiiyrlff 5 r -r "Wl m] w j^maggam rrr. r *-I :vr f/0S .•w)5 N>'75 words
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960 1977-11-09 12 RONNIE LIM - RED TAPE BANISHED By RONNIE LIM THE MALAYSIAN government will give the private Investor and manufacturer a better deal, In recognition of their Increasingly Important role in the future of the Malaysian economy. Mr. N. Sadaslvan, deputy director-general of the Federal Industrial Development Authority960 words
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Article120 1977-11-09 12 V/O Techmashexport, the Soviet foreign trade organisation exporting technological equipment, pulled off a US$lB2,OOO (*****.900) sale of two oxygen manufacturing units to a Singapore company yesterday, the second day of the Machine Asia exhibition. The sale, according to Mr. P. Jurl, director of V/O120 words
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397 1977-11-09 12 SINGAPORE can expect several more Australian manufacturing Investments, although only in the small-scale-$l million category. This was predicted yesterday by the Australian Senior Trade Commissioner, Mr. Peter Home. Mr. Home also reported Australian satisfaction with the overwhelming response to their participation in the current Machine Asia397 words
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Article775 1977-11-09 12 LONDON, Tues. Stock prices advanced, helped by hopes that electricity workers will resume normal working, dealers said. They said the slow down In the wholesale price rise, announced yesterday, also helped government bonds. At 3 pm the Financial Times Index was up 0.7 at 490.1. Trading was thin.775 words
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Article267 1977-11-09 12 HONGKONG, Tues. Datuk Jamil Jan. chairman of the Malaysian Federal Industrial Development Authority (Flda), said today Malaysia expects private sector Investment totalling the equivalent of HK*54 billion (8128 billion) In the years 1976-1980. Datuk Jamil Jan was speaking at a seminar on Investment opportunities organised267 words
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Article232 1977-11-09 12 AFP KUALA LUMPUR, Tues. Prime Minister Datuk Hus-two-day Joint conference between top-ranking Malaysian and Japanese businessmen here on Monday. It was understood that topmost on the agenda of the two-day conference would be to find out ways to step up Japanese Investment in Malaysia and toAFP - 232 words
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Article162 1977-11-09 12 CARACAS, Tues. President Carlos Andres Perez of Venezuela who has played a mediating role In OPEC says he has no doubt that a new oil price Increase will be approved when the group meets here next month. Mr. Perez said the purchasing power of a barrel of162 words
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358 1977-11-09 12 Reuter KUALA LUMPUR, Tues. Malaysia today warned other producing countries against complacency because of the current record price of the metal. Instead, the high price trend, which was mainly due to a shortage of tin, should serve to arouse producers Into taking stockReuter - 358 words
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Article53 1977-11-09 12 JAKARTA, Tues. The normalisation of relations between China and Indonesia will be possible some time after March or April next year, the former Indonesian Foreign Minister Adam Malik said. Mr. Malik was commenting on a remark by Chinese Vice Premier Ll Hsln Nlen to visiting Singaporean Journalists a53 words
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Article189 1977-11-09 12 FIRST Boston Incorporated, parent of First Boston Corporation, will be the first American investment bank to operate an Asian currency unit (ACU) here the New York bank announced yesterday that It would set up a merchant banking subsidiary In Singapore, First Boston Asia189 words
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Article139 1977-11-09 12 BANQUE International A Luxembourg SA (BIL) together with Banque Bruxelles Lambert will be setting up a Joint representative office In Singapore. Banque International A Luxembourg has deposits of US$l.74 billion (514.18 billion) as at the end of last year. It is the 275 th139 words
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400 1977-11-09 12 INCHCAPE has announced the acquisition of shares In 43 joint venture companies principally engaged in timber extraction and sawmllllng activities in association with Indonesian partners. Included in the acquisition are interests in a number of new concessions in Indonesia which are in varying stages of400 words
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Article513 1977-11-09 12 PRIVATE developers In Singapore cannot expect the return of the good old days of the early *****. Moreover, with foreign demand legally restrained In the local market, private developers can only tap domestic demand and population growth for new buyers. This sombre analysis was made by Dr.513 words
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Advertisement176 1977-11-09 12 i X J 3 ui *<u_ •v ft -oF •^r ■J?-*" C B 5? r > <> X 1 M. 1. i f The most stimulating thing in your office need not only be the work. Office furniture says a lot about the efficiency of the business it belongs to,176 words
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