The Business Times, 28 December 1977
1977-12-28
1
10
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section9 1977-12-28 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, DECEMBER 28, 1977 SOCENTS9 words
-
NEWS IN BRIEF
-
Article90 1977-12-28 1 Billion business Reuter TOKYO, Tues. Despite the stagnant economic situation, Japanese companies last year spent a record 2,274 billion yen (Ss22 billion) to entertain their business partners at bars, clubs, golf courses and other amusement places, the national Tax Administration Agency announced today. The agency said that the "business entertainmentReuter - 90 words
-
Article60 1977-12-28 1 Reuter KUALA LUMPUR, Tues. Bank Kerjasama Rakyat Malaysia said it will purchase all outstanding shares of Rakyat First Merchant Bankers from Citibank Overseas Investment Corp. by the end of this year. Citibank Overseas, a wholly-owned subsidiary of Citibank N.A. holds a 45 per cent interest in theReuter - 60 words
-
Article55 1977-12-28 1 UPI TOKYO, Tues. The 16,394-dwt container ship Anro Temasek has been turned over to its owner, Neptune Beta lines of Singapore. Kawasaki Heavy Industries said that Anro Temasek provides more cargo handling space than conventional vessels because there are no pillars in the holds. The ship will plyUPI - 55 words
-
Article52 1977-12-28 1 Reuter CARACAS. Tues. The 13 members of the Organisation of Petroleum Exporting Countries (Opec) have earned US$5OO billion (Ssl 170 billion) since 1973. According to economic columnist Carlos Chavez of the El Universal newspaper their earnings In the previous three years, before the large oil price rises, totalledReuter - 52 words
-
Article55 1977-12-28 1 AFP TOKYO, Tues. The Overseas Economic Cooperation Fund will extend a 9 billion yen (about 5587.7 million) loan to the Indonesian government. It will be used for road, railway and electrification projects. The loan, with annual interest of 3 per cent, will be repaid in 30 years,AFP - 55 words
-
Article55 1977-12-28 1 AP KUALA LUMPUR, Tues. Vietnamese Foreign Minister Nguyen Duy Trinh will visit Malaysia starting on Jan. 3. The Foreign Ministry said Mr. Trinh will be accompanied by Vice Minister for Foreign Affairs Vo Dong Olang, Vice Minister of Agriculture Le Duy Trinh and a delegation of 13 othersAP - 55 words
-
Article78 1977-12-28 1 UPI NEW YORK, Tues. Stocks were mixed early today as some traders cashed In on recent profits and others adjusted their portfolios for the new year. Post-holiday trading was moderate. 0 Z he Dow Jones Industrial average, which rose 8.06 points on Friday, was off 0.17 point toUPI - 78 words
-
-
Chief Price Changes
-
Article, Illustration174 1977-12-28 1 ACTIVITY on the Stock Exchange of Singapore fell to a low level yesterday, with turnover dropping by about half a million units. Share prices ended on a mixed note. Marginal gains were seen in the BT and Straits Times Industrial indices. Rites Most octi ve Times Pub174 words
-
Article92 1977-12-28 1 Rises Most active Johan 6.00 Castlefleld 7.45 Um Flour 2.16 TanjongTln 4.84 Keck Seng 1.97 O.C.B.C. 6.10 +4.93 .15 .07 .06 .05 .05 B. Raya 91,000 UOB 89.000 Gentlng 79,000 Haw Par 68,000 Total Turnover: 1.32 M Total Value: MI2.78 M Aokam Berjuntal Sg Besi N.S.T. Lien92 words
-
-
Article1225 1977-12-28 1 COLIN CHEE - MARKET EXPECTS LOW PROFILE Br COLIN CHEE THE CENTRAL Provident Fund (CPF), by far the single largest holder of government stocks and bonds, will begin trading in the domestic bond secondary market next month. Sources, however, say that the CPF Is likely to take a1,225 words
-
Article232 1977-12-28 1 Reuter TOKYO, Tues. Japan agreed to the extension of the International Textile Trade Agreement by four years until the end of 1981. Ambassador and Japan's permanent delegation to international organisations In Geneva, Masao Sawaki, will sign the extension today in Geneva. The agreement (also knownReuter - 232 words
-
Article, Illustration687 1977-12-28 1 JOHN TAN - By JOHN TAN SIME Darby has further strengthened Its plantation holdings with the acquisition of a majority stake In Kempas. The acquisition will, however, not affect Sime's bottom-line profits or assets to a great degree although trading profits will enjoy an immediate boost by687 words
-
Article165 1977-12-28 1 Reuter OSLO, Tues. For the first time in the history of the oil tanker industry, the slant ships are being scrapped faster than they are being built. In a year-end review of the tanker market the world owners' association, Intertanko said the increase in overall tonnageReuter - 165 words
-
212 1977-12-28 1 BUSINESS Times will look a little different in the New Year. More imI Portantly, it will be a great deal different. In the past year we have doubled our editorial staff to over 30 and the newcomers have been given intensive training212 words
-
518 1977-12-28 1 Reuter LONDON, Tues. Tin prices on the London Metal Exchange (LME) have fallen sharply in the past two weeks but dealings before the Christmas holiday suggest that the market may have grounded around prevailing levels for the time being. Earlier in December, cashReuter - 518 words
-
Article85 1977-12-28 1 AP KUALA LUMPUR, Tues. Malaysia Inquired Into the possibility of buying sugar from Cuba and exporting natural rubber to that country. Cuban special envoy Jose Menchero told Foreign Affairs Minister Tengku Ahmad Rithauddeen that he would convey the proposals to his government. Cuba produces about 6.4 millionAP - 85 words
-
Page 1 Advertisements
-
Advertisement64 1977-12-28 1 whatever you need in menswear.get itat... MOHAN'S DEPT. STORE (PTE.) LTD. 321, Orchard Road lei *****22 (next to Mandarin Hotel) Branch: XM.langtinShopping Centre "fci *****40 Da»ly :9am-9 pm INSIDE B«*ww«/ TV 4k Radio P2 Review*/ Crosswords P3 Features P4 Internationa] Co. News/ Overseas News P5 Local Stocks/ Share Information P664 words
-
Advertisement105 1977-12-28 1 SEE BACK PAGE Sony Sonnyboy Sony Trinitron now comes in with a 31 cm (13") screen portable color TV. The Son of Sony. Your ideal second set The Son of Sony has a Special ECONOQUICK system that gives you instant picture and sound, saving the unnecessary wastage of power while105 words
-
Advertisement150 1977-12-28 1 Some flames just never give up TAMTA IC lighters Any person seated at this desk can do the work of three people Yes. one person to handle all customer accounts. Calculate and complete invoices. Prepare statements. Process payroll. Control the ledgers. Control stock flow. All these procedures completed at electronic150 words
-
-
REVIEWS
-
Article, Illustration1705 1977-12-28 2 JOHN ROCKWELL - By JOHN ROCKWELL NYT JUST a few years ago, it looked as If rock-and-roll might displace all otherforms of American popular music. The very term "middle of the road music" took on a certain Irony, in that the performers those words referred to adult-pop stylistsNYT - 1,705 words
-
Article479 1977-12-28 2 RICHARD HARNETT - By RICHARD HARNETT UPI SAN FRANCISCO: Don't throw away those scratched and broken records! An electronics technician from Palo Alto, California, has invented a record-player that picks up the sound with a narrow beam of laser light Instead of a needle. It Ignores the scratches and playsUPI - 479 words
-
Article524 1977-12-28 2 TSANG SAU YIN - By TSANG SAU YIN IT was a right foot, conspicuously bare and supported on the left knee. Plastic sandals on the floorboards and the rest of the body slumped in the chair. Though a socially unacceptable posture at most times, the bare-foot concertgoer did reflect524 words
-
1282 1977-12-28 2 HAROLD SCHONBERG - By HAROLD SCHONBERG NYT NEW YORK: The other week the Guarnerl String Quartet, assisted by JeanBernard Pommler at the piano, had the enterprise to programme a minor piano quintet by Sir Edward Elgar. We all know Elgar the great orchestrator. the composer of the EnigmaNYT - 1,282 words
-
Article, Illustration903 1977-12-28 3 SUSAN HELLER ANDERSON - By SUSAN HELLER ANDERSON NYT A ROYAL family that seems middle class, a middle class striving to move up, an upper class that is distinctly demode keeping up with English high society is like trying to understand cricket. But not for Betty Kenward, theNYT - 903 words
-
Article938 1977-12-28 3 Beata Levy - WITH its first breathing space since the urgent need to clear slums in the *****, Singapore is now able to consider how far it wants to preserve its architectural heritage. Indeed, the first steps have been taken, with the earmarking of certain monuments for preservation, butFT - 938 words
-
Article344 1977-12-28 3 PETER CHIA - By PETER CHIA THE "Chess Challenger" computer produced by Fidelity Electronics Company of USA and marketed here by Sime Darby, fared badly against mere humans In the first Singapore International Chess Festival which ended on Saturday Dec 24. In seven of the Festival games all played at the344 words
-
-
Page 2 Advertisements
-
Advertisement141 1977-12-28 2 r£ r/ t REAL ANTIQUE ANO RARE OU> De Luxe Scotch Whisky MAC DONA. 0 »*€l*vfcES LTD t« fC»+J*Q~9C&ILAMO 75cl GAY LUSSAC AT M'uto mo tr'ao i P r PU SINGAPORE Grand Old Parr De Luxe Scotch Whisky Come and taste your first glass on us. Between 5.30pm and 7.30pm141 words
-
-
Page 2 Miscellaneous
-
Miscellaneous296 1977-12-28 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Dec 27 at Singapore airport. Maximum Temperature 29.7° C Associated Humidity 79 Minimum Temperature 24.6° C Associated Humidity 100 Hours of Sunshine 1.75 Rainfall in Millimetres 1.4 Total Rainfall for the Month 171.3 Total Rainy Days for the296 words
-
-
Page 3 Advertisements
-
Advertisement230 1977-12-28 3 "We're here to stay... We are serious about the heavy equipment business in the Far East. We know how important it is for the decision makers to deal with a stable organisation that offers sales and back up service when it is needed. We are serious enough to invest in230 words
-
-
Page 3 Miscellaneous
-
Miscellaneous431 1977-12-28 3 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS a ot Quality? (5) ■n to move forward csi JO Town orchestra (5) Score funs at high speed' (3) tm ere s a lot t0 for la rw? a subst *nce (5) f? 3) atCh n the bank? 15 SSs a S) eS authorUy tw431 words
-
-
2107 1977-12-28 4 LAST in a series on US banks and the federal agencies that regulate them. In this article, David Burnham of the New York Times examines the influence of the banks over the political. organisations of the country. NYT THE NATION'S banksNYT - 2,107 words
-
Article, Illustration1236 1977-12-28 4 ROBERT EVANS - By ROBERT EVANS Reuter BREST, (Soviet Union), Tues. With a timid knock, an elderly woman wearing a round grey felt hat and a worried expression steps Into the compartment as the Warsaw-Moscow express enters Brest station on I a wintry Saturday evening. "AnyReuter - 1,236 words
-
Page 4 Advertisements
-
Advertisement126 1977-12-28 4 Tr ena s ,rr% ery Over G HIGHLIGHTS FOR DECEMBER ISSUE: Pressing on to Petrochemicals: Singapore, already the most important oil refining centre in the east, is moving from merely processing crude to petrochemical products. To tap the Money Pool: The future of Singapore as a financial centre and the126 words
-
-
INTERNATIONAL COMPANY NEWS
-
375 1977-12-28 5 NORTH AMERICAN COMPANIES FT TORONTO: A sharp drop In sales in North America In the final two months of Its fiscal year, a 10-week strike at its tractor plant at Coventry In the UK and the high financing costs of Inventories In Brazil, are theFT - 375 words
-
Article168 1977-12-28 5 AFP DETROIT: Chrysler will lay off 18,300 staff for two weeks In January because of large stocks. The company said it would shut down two plants in Detroit and one In Delaware in order to reduce stocks of certain mediumsized cars which were selling badly. Chrysler,AFP - 168 words
-
Article60 1977-12-28 5 Reuter WASHINGTON: General Dynamics Corp was awarded a US$5O million navy contract and the Boeing Co a $48 million air force contract. The General Dynamics contract is to initiate production of the Phalanx close-in weapons system. The Boeing contract, including $7.8 million to be appropriated immediately, is forReuter - 60 words
-
Article283 1977-12-28 5 EUROPEAN COMPANIES FT BRUSSELS: UCB, the Belgian chemical, film and pharmaceutical group, is not paying a dividend for the 1977 financial year, in view of mounting losses, according to a company announcement. Last year, it paid a net dividend of 140 Belgian francs, but first halfFT - 283 words
-
Article107 1977-12-28 5 UPI DUESSELDORF: West German business and financial circles have been surprised and shaken by the sudden resignation of Ludwlg Poullaln, head of one of West Germany's biggest banks, in a conflict of Interest controversy. Mr. Poullaln interrupted his Christmas vacation in Switzerland to fly back here forUPI - 107 words
-
Article580 1977-12-28 5 ARRIVALS Service Local Operator Number Time From TMA TL304B 0530 TPE MAS MH682 0810 KCH PAA PA847 1025 SFO/HNL/OUM OIA OA 980 1030 HLP CPA CX710 1035 HLP THAI T0423 1035 BKK SIA SQ209 1045 HLP THAI TG981 1045 BKK QIA OA944 1055 PKU OIA GA908 1100580 words
-
Article220 1977-12-28 5 ASIAN COMPANIES Reuter TOKYO: Isuzu Motors Ltd expects a 72 per cent rise in after-tax profit for the first half-year ending next April 30 to 4.8 billion yen from 2.79 billion in the same period last year on sales rising 10 per cent toReuter - 220 words
-
Article129 1977-12-28 5 AFP CANBERRA: The Sharp Corporation of Japan and the West Australian State government are cooperating in solar research and development. The Sharp Corporatlons's Head of Engineering, Dr H. Sasaki announced in Perth that an agreement had been made with the West Australian government to workAFP - 129 words
-
Article131 1977-12-28 5 UPI TOKYO: Sasebo Heavy Industries will reduce its operations next year because of a prolonged shipbuilding industry slump. The company hopes to put a retrenchment programme into effect after negotiations with union officials. The company's shipbuilding division, which accounts for 75 per cent of Sasebo's totalUPI - 131 words
-
Article107 1977-12-28 5 Reuter TOKYO: The Sanwa Bank said its wholly-owned subsidiary, the Sanwa Bank of California, plans to merge with Golden State Bank In California, late next month, subject to approval by the US Federal Deposit Insurance Corp and the Japanese Finance Ministry. The Sanwa Bank ofReuter - 107 words
-
Article277 1977-12-28 5 FT LONDON: Following a better-than-expected advance of 34 per cent at the half-way stage, profits of Granada Group emerge 39 per cent better at £25.15 million for the year ended Oct 1, 1977, compared with £18.15 million for the previous 53 weeks. On the UK TVFT - 277 words
-
-
OVERSEAS
-
212 1977-12-28 5 PARIS, Tues. Some leading international banks are approaching their credit limits to some Comecon countries. The Organisation for Economic Cooperation and Development said in its Financial Market Trends" that Comecon borrowers can turn to other banks and have indicated their willingness to strengthen ties212 words
-
832 1977-12-28 5 NYT NEW YORK. Tues. With interest rates on government bonds at their highest level of the year, the Treasury is scheduled to sell a US$l.5 billion (553.6 billion) issue of 15-year bonds, but there Isn't strong interest in the securities because many credit marketNYT - 832 words
-
-
Page 5 Advertisements
-
Advertisement1040 1977-12-28 5 China trade... a US$2O billion goldmine Here's how you can tap it In a series of bold moves, China's new leadership has embarked on an ambitious economic development program aimed at accomplishing the modernization of the country's industry, agriculture, technology and national defence. According to senior officials interviewed in Peking,1,040 words
-
-
Article2359 1977-12-28 6 Gr'« Gr'« Net 1*77 Last dhr Div y'ld P/E Vol Day High Low Company Sale ♦or- c'vr High Low SECTION ONE INDUSTRIALS 154 134 Ac ma 136 12.0N 1.8 8.8 6.3 204 165 Alcom 165 10.0 0.5 8.0 26.6 119 58 Allied Choc 116 unch 23.2 82,359 words
-
Article1199 1977-12-28 6 BID ul offer prieaa officially listed and buiitM la and reported to the Stock Exchange °f Singapore yeatarday wttk the ■umber of aharaa traded ikma in brackets ia lata of 1,900 unit* ualeaa otW-wtee specified. All tiase Settlement CsatncU ars yetod aftar the world "Sett". Big Board1,199 words
-
Article1221 1977-12-28 6 BID mud offer prices officially lilted and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of share* traded shown in brackets in lots of 1:000 units unless otherwise specified. INDUSTRIAL* A|insmata (2 11B) (1) 2.14. A Mem (1.728) (7) 1.72 (2)1,221 words
-
Article74 1977-12-28 6 STRIKING price* of the •tock optiona officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. C and C (March $1.90) (0.698 0.745) (March 12.30) (0.28B) DBS (March $3.60) (0.04B) Inchcaoe74 words
-
Article155 1977-12-28 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers' prices for Dec 28) (Curat p INCOME BOND rices) The Commerce.... 1 78 l.se 1 09 1.1S The Saving Fund 1.06 1.12 MARA BUMIPUTRA FUND S'pore Prog Fund OH 0 89 (Maaagu' price* for Dec 28) 8'pore Security First Bumlputra 2.24155 words
-
Article79 1977-12-28 6 4 3/4% 1/5/79 (250,000) (100 408 100.455) 4 3/4% 15/9/80 (250,000) (99.258 99.455) 5 3/4% 1/12/80 (250,000) (103.658) 8% T F 15/4/81 (250.000) (101.508 101 60S) 5% T F 15/10/81 (250,000) (101.478 101.575) S%TF 1/5/83 250.000)(89.95B 100.05S) 7 1/4% 15/4/86 (250,000) (100 40B) 7 1/4% 15/10/86 250,000) (100.45879 words
-
Page 6 Advertisements
-
Advertisement572 1977-12-28 6 &-\^\{]%(<>*?}")\&([||\'%/^>*=< QL,Jk)<Mo Hotel f SINGAPORE 406/407 Havelock Road, S'pore 3. Tel: *****1 Come to our party! Mercury Room It'll be a Dance on New Year'slEve. Non-stop music from 8.30 p.m. 2a.m. at the Mercury Room, 18th Floor. Dance to the music of Sunny Bala The Moonglows. The HI-Jacks. First drink572 words
-
Advertisement96 1977-12-28 6 IH SNGAPORE HUDN New Year's Eve, Saturday, December SI 1977 Harbour Qrill Gala-New Year's Eve Dinner Price: $70.00 (Inclusive of govt, tax and service charge) Entertainment: Non stop music by Marcello Saccuccl Top Of The Hilton International Buffet Price: $60.00 (Inclusive of govt, tax and service charge) Entertainment: Non stop96 words
-
-
Article, Illustration678 1977-12-28 7 PRICKS drifted generally lowor la quiet trading after initial hesitancy on the Stock Exchange of Since pore yesterday. Tne total trading volume of 1.34 million unite was valued at $2.12 million oompared with last Friday's 1.87 million units worth $3.4 million. The short buying spree678 words
-
Article531 1977-12-28 7 THE Kuala Lumpur Stock Exchange failed to sustain an early round of buying support yesterday and ended the day on a slightly easier bias. Shares were selectively traded on a steady to firm note at the opening bell largely on the strength of bullish interest531 words
-
Article110 1977-12-28 7 NEW YORK: Operating net profit at General Mills rose to U5543.88 million from $37.72 million in the second quarter ended Nov 27, 1977. This raised the first half earnings to $81.41 million compared with $69.32 million in the previous corresponding period. Sales were up to110 words
-
COMPANY NEWS
-
597 1977-12-28 7 INCREASED tln-proflt tax payments coupled with a reduced capital allowance available In respect of Its No 8 dredge have lowered BerJuntal Tin Dredglng's aftertax profit by 21.7 per cent to MJ9.57 million for the first six months ended Oct 31. 1977. The company reports597 words
-
Article307 1977-12-28 7 AS FORECAST, Mega Chemicals has managed to turn the corner onto the road of profitability with a group pre-tax profit of M 5103.520 for the first half of the current year ending April 30, 1978. The latest results, though modest in extent, is commendable in307 words
-
COMPANY MEETINGS
-
Article20 1977-12-28 7 The following company meetings are due: Dec 29 at 70, Jalan Ampang. Kuala Lumpur at 2.00 p.m.20 words
-
Article13 1977-12-28 7 Dec M at .<> Jalan Ampang. Kuala Luinpur at 2.00 p.m.13 words
-
19 1977-12-28 7 Dec 30 at Hotel Merlin, 2, Jalan Sultan Ismail, Kuala Lumpur at 10.00 a.m.19 words
-
22 1977-12-28 7 Dec 30 at the Registered Office of the Company, 16. Jalan Tangsi, Kuala Lumpur at 12 noon.22 words
-
Article18 1977-12-28 7 Dec 31 on the hotel premises at Amber Close. Singapore 15 at 11.00 a.m.18 words
-
Article14 1977-12-28 7 Jan 7 at 6, Tambun Road, Ipoh at 10.30 a.m.14 words
-
Article19 1977-12-28 7 Jan 12, 1978 at Its registered office, 25 Beach Street, Penang, Malaysia at 12.30 p.m.19 words
-
28 1977-12-28 7 Jan 24 in the board-room of Malaysian Industrial Development finance Bhd, 4th Floor, bangunan MIDF, 117, Jalan Ampang, Kuala Lumpur at 11.30 a.m.28 words
-
-
Article419 1977-12-28 7 Current Ex Date Taul for Total far pniliH f« payment Dale payable tbe yaar Kinta Kellat 200HI Dec8 Dec 28 200% 500% WWQM 17* Dec 14 Dec 28 22% 17% Kramat 24% Dec 1 Dec 30 24% 10% Island A P 8%I Dec 1 Dec St 8% 1S%419 words
-
283 1977-12-28 7 BUKIT Katil Rubber Estate appears likely to maintain a fairly steady growth this current year Judging from its interim results. The Johore-based rubber and oil palm company has reported a 14 per cent increase in unaudited pre-tax profit to M 5508,175 for the283 words
-
597 1977-12-28 7 NEW YORK, Tues. Back in 1965, when he was a graduate student at the Harvard Business School, Ghalth Pharaon wrote a paper on a mythical company he named Redec. It was to engage in the construction business in Jiddah, his native town, on597 words
-
INTERNATIONAL STOCK MARKETS
-
Article462 1977-12-28 7 TOKYO: Prices fell in light trading on Tuesday, led by public works and export orientated issues. The Dow Jones average lost 21.75 points to close at 4.863.01 with volume 210 million shares. The New Index was 363.74, down 0.39. Constructions and cements lost ground on profit-taking and nervous selling.462 words
-
Article171 1977-12-28 7 MANILA: The market closed firmer on Tuesday with oils and commercial averages gaining slightly while minings remained unchanged. Turnover rose to 7.55 million pesos from last Friday's 4.84 million. Oriental rose five points while Phil Oversea* increased three points and other oil Issues gained slightly. San Miguel and PLDT171 words
-
Article227 1977-12-28 7 BANGKOK: Stock prices closed mixed in active trading on Tuesday with gainers in the majority. The Book Club index firmed 0.82 point to 170.45 for a total value of 182.9 million baht. Bangkok Bank, Bank of Ayudhya and Thai Farmer* Bank held their own at 389, 318 and 388227 words
-
-
-
Page 7 Advertisements
-
Advertisement368 1977-12-28 7 V HOTEL MERLIN SINGAPORE 7500 .Beach Road, Singapore 7 Tel: *****11. MING COURT HOTEL Tanglin Road. Singapore 10 Tel: *****3. HOTEL MIRAMAR 401 Havelock Road. Singapore 3 Tel: *****2. HOTEL NEGARA 15 Claymore Drive, Singapore 9 Tel: *****1. OBEROI IMPERIAL HOTEL I Jalan Rumbia, Singapore 9 Tel. *****6. HOTEL PHOENIX368 words
-
Advertisement12 1977-12-28 7 s O h V Camus V\!X>|fi«S -uc'JAC *i I g *A*D iSOf12 words
-
-
COMMODITY REPORTS AND PRICES
-
Article157 1977-12-28 8 TOKYO, Tues. The rubber market finished the day 0.1 to 2.7 yen higher on limited cheap buying and liquidations but trading was very quiet due to lack of overseas advices, dealers said. On Monday, the rubber market finished the day 0.2 to 2.1 yen higher in quiet dealing,157 words
-
Article22 1977-12-28 8 Rubber: Dec 23 Singapore: Market closed Malaysia: Market closed Tin: $1,701 (down $13) Official offering: 239 tonnes (up 97 tonnes)22 words
-
Article140 1977-12-28 8 KUALA LUMPUR, Tues. West Malaysian production in September fell to 127,887 tonnes from a revised 140,661 In August and was also below the 136,159 tonnes In September 1976, statistics department figures show. Exports In September also fell to 138,907 tonnes from 144,424 in August but were above the140 words
-
Article386 1977-12-28 8 BANGKOK, Tues. Quiet conditions ruled in the rice market last week with no trading either in the government or the private sectors. Trade sources said exporters were reluctant to make commitments as the government has not announced its rice policy. As the new rice crop is about to appear386 words
-
Article74 1977-12-28 8 C.I.F. Rotterdam US dollars per ton. LONDON: Friday Previous Malaysia 5% ffa bulk Feb 500 sir 500 sir Sumatra 5% (fa Dec 530 pd 530 pd Jan 520 qtd 517.50 sir Feb 515 qtd 510 sir Marcb 507 50 qtd 500 sir April 497 50 sir 497.50 sir74 words
-
Article880 1977-12-28 8 TRADING came almost to a standstill in the absence of demand from the Western countries at the Singapore Produce market last week, rices were steady at best, with some of the commodities having an easier tendency In the middle of the week but recovering towards880 words
-
Article331 1977-12-28 8 TRADING was almost nonexistent while prices held generally steady at the Singapore produce market yesterday. Local traders refrained from making any new commitments in the light of the closure of the overseas markets. No new demand was forthcoming from America and Western Europe. Traders said they do not331 words
-
Article85 1977-12-28 8 LONDON, Tues. Terminal cocoa fluctuated within a restricted trading range last Friday morning to close steady at mostly £5.50 to £12.50 per tonne from Thursday night. But December was £10 up, however, on short-covering after Thursday's substantial decline of £133 and the further reduction in December's open position on85 words
-
Article166 1977-12-28 8 LONDON, Tues. Sugar futures closed £0.65 to £1.10 down. Turnover totalled 665 lots. Dealers said prices Initially rallied from lower kerb levels on unconfirmed trade reports of China recently buying five cargoes of raw sugar. However, the advance was not maintained and prices later drifted lower under long liquidation166 words
-
Article126 1977-12-28 8 LONDON, Tues. The terminal coffee market closed was Irregular, £9 lower to £15 higher. Volume totalled 539 lots including 19 options. July closed with a £9 loss at £1,501 having gained £16 at the opening. September, which opened unchanged, closed £16 higher at a mid price of £1,492. Dealers126 words
-
972 1977-12-28 8 LONDON: Commodity market prices collapsed in 1977, after an early boom, in a violent series of fluctuations. Many markets finished below last year's levels, although above the worst. Fresh records were established in tin, silver, coffee and cocoa for the second year in succession, while972 words
-
Article132 1977-12-28 8 HONGKONG, Tues. China reaped a fairly good harvest this year with total grain output reaching last year's level, the New China News Agency reported. The agency, monitored here, said a number of provinces and areas reaped less than last year due to natural disasters, but said132 words
-
Article199 1977-12-28 8 THE SINGAPORE gold market was quiet and steady yesterday as most overseas centres were closed. The kllobar opened at S$12,483 and closed at S$12,465. The loco London market opened at US$163.40/80 and eased slightly to close at US$ 163.25/65. Source: Singmas. Retail prices per tael quoted by the Singapore199 words
-
Article48 1977-12-28 8 NEW YORK, Tues. Comex silver futures rallied as much as 4.00 cents from the lows last Friday on commisslon house shortcovering and other eveningup prior to the holiday. Prices settled under top levels of the shortened trading session to close 2.10 to 2.50 cents an ounce higher.48 words
-
Article55 1977-12-28 8 LONDON, Tues. Copper on Friday rose by £5 for cash and £4.50 for Three Months. In NEW YORK on Friday, comex copper prices closed an abbreviated preChrlstmas holiday session 0.30 to 0.10 $ent higher on continued commission house buying tied to chart patterns, traders said. Many leading consumers were55 words
-
Article53 1977-12-28 8 THE STRAITS tin price In Penang yesterday fell MS 13 to $1,701 on an official offering up 97 tonnes to 239 tonnes. The market fell In view of the long holiday, dealers said. In NEW YORK on Friday, spot tin prices were little changed with quotations ranging 565.0053 words
-
Article129 1977-12-28 8 CHICAGO, Tues. Most soybean futures contracts finished the session with small losses, off one to 2)4 cents a bushel last Friday. Prices eased early on light hedge selling and long profit-taking following recent price advances but were supported by the strength In the meal market and favourable technical considerations.129 words
-
Article59 1977-12-28 8 CHICAGO, Tues. Wheat futures posted gains of 3 Mi to 4* cents a bushel at the end of a light trade. The price advance on commission house and local buying derived mainly from the lower than expected USDA estimate of 1978 winter wheat acreage. Commercials appeared to be mainly59 words
-
-
MONEY AND EXCHANGES
-
Article533 1977-12-28 8 WITH year end Just round the corner the foreign exchange market turned quiet yesterday. The fact that London Is still closed for the Christmas holidays also had a lot to do with the lack of tempo in the market. Trading in the yen-US dollar counter was confined to533 words
-
Article43 1977-12-28 8 acbc 7 6'< 7 Citibank .7 7 7 HSBC 7 7 Bank of China 7 Malayan Banking 7 7 7 Bank Nefara OCBC •H 7 OUR 7 7 1 ICR 7 CkiM Manhattan 7 CMBC 7 DBS 7 COB 743 words
-
Article385 1977-12-28 8 Asian rates THE MARKET was fairly quiet last week ahead of the long weekend and end of year. Rates moved higher In periods, attributed to lack of offers and rollovers In Three and Six Months. On the contrary, day to day funds appeared cheaper. Money supply decreased $1.1 billion In385 words
-
Article128 1977-12-28 8 LONDON, Tues. Currency trading was virtually non-existent all morning last Friday due to the onset of the Christmas holiday and the market closed idle, dealers said. Quotations wer£ mainly In very wide spreads reflecting the dearth of activity. The dollar was quoted nominally weaker against sterling at 1.8605/35 compared128 words
-
Article115 1977-12-28 8 NEW YORK, Tues. The dollar ended virtually unchanged against most currencies last Friday, ahead of the three-day Christmas holiday, dealers said. Trading remained extremely quiet, with most activity limited to squaring of year-end positions, they said. Sterling showed the most movement, rising to 1.8650/ 8700 from its opening115 words
-
Article149 1977-12-28 8 TOKYO, Tues. The dollar for overnight delivery closed at 241.30 yen, down from a 241.60 opening and 241.65 at Friday's close, dealers said. No Central Bank intervention was detected, they said. Trading was moderate with volume $278 million. The US unit rose Initially on limited import covering, but fell149 words
-
Article125 1977-12-28 8 Euro rates LONDON, Tues. The Eurodollar market last Friday closed quiet and deatureless, dealers said. Among short dates long weekend eased to 2-1/2, 21/4 with Thurs/ Fri around 31,30. Seven days fix finished around 77/8, 7-3/4. Periods showed virtually no change since opening levels with very little interest noted. Eurodollar125 words
-
Article261 1977-12-28 8 THE ANTICIPATED tightness before the Christmas season did not materialise as the interbank market remained liquid with Overnight funds traded at 3Vi 3% level and term deposit rates easing slightly across the board, last week. Amldit the liquid condition, discount houses experienced no difficulty in squaring their books.261 words
-
Article60 1977-12-28 8 FRANKFURT exchanges opening quotes on Dec 27: US 2.1400/ 1500 (2.1440/ SO) Can 1 9600/ 40 8U4.01/ 03 D F1 92 50/ 80 8 Ft 104.40/ 85 Lit 2 440/ 455 F Ft 44 90/ 45 00 N Kr 40 97/ 41 12 B Ft (con) 6 400/ 43060 words
-
Article57 1977-12-28 8 Source: Astley Pearce THE INTERBANK overnight market was quiet and easy last week with dally closing rates averaging around 3 to 2% per cent. Term rates fell towards the end of the week by an average of per cent in the One to Three Month periods. Main interestSource: Astley & Pearce - 57 words
-
-
Page 8 Advertisements
-
Advertisement165 1977-12-28 8 MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASIA RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide tp the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is divided165 words
-
-
Article168 1977-12-28 9 Reuter JAKARTA, Tues. Many Indonesian workers will become redundant next Sunday when foreign companies transfer their marketing and trading activities to Indonesian firms as decreed by the government. The chairman of the Indonesian Labour Federation, Agus Sudono said today that "The national firms have decidedReuter - 168 words
-
Article93 1977-12-28 9 Mr. Zee Yao-Foo, managing director of Mechanical and Combustion Engineering has been elected president of the Harvard Club of Singapore. Other top officials in the club's new committee are Anthony Teo (vicepresident), Michael Pronert (secretary) and Koh Boon Wee (treasurer). All four are graduates from Harvard Business93 words
-
Article, Illustration501 1977-12-28 9 UPI SYDNEY, Tues. Severe drought in prime grazing land is taking its toll on Australia's cattle and sheep herds, which is expected to affect local and international beef prices. Meat industry sources said because of insufficient rainfall in vast areas of five statesUPI - 501 words
-
448 1977-12-28 9 JAKARTA, Tues. Corruption and mismanagement are eating away the hard-earned profits of many Indonesian agricultural cooperatives, only eight years after the government gave them a new lease of life by pumping in vast amounts of money. Government officials and experts disagree on how bad448 words
-
Article, Illustration370 1977-12-28 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry Vilja (B, Barge) (after Ocean Supply) 48 Ernst Thelmann (0600) 31/32 Great Ocean (1400 subject free board) 29/30 King Tower (0600 22 Nedlloyd Kobe (0600) 10/11 Ocean Supply (B. Barge) (0700 after Cherry Vilja) 48 Partlzanskaya Slava (0600 after Hoegh Pilot) 1/2370 words
-
381 1977-12-28 9 CHAN BONG SOO - •y CHAN BONG SOO TRAVEL agents In Singapore generally aim for clients with consistent, recurring business, whose reliability allows for generous credit margin. Mr. O. Sathlanathan, the director of Mansfield Travel in Singapore and Malaysia, pointed this out In a paper presented at the381 words
-
385 1977-12-28 9 Reuter JOHORE BARU, Tues. The government plans to make Malaysia the gateway to countries of Asean, Finance Minister Tengku Razaleigh Hamzah said here yesterday. He said Penang and Johore Baru on the west coast and Kuantan port on the east coast would playReuter - 385 words
-
373 1977-12-28 9 Reuter AFP HONGKONG, Tues. Hongkong will diversify both Its export markets and products In a new trade promotion drive. The 15-month-long programme beginning in January was mapped out In the light of recent cutbacks In the European Economic Community's quotas for localReuter; AFP - 373 words
-
Article97 1977-12-28 9 Reuter MANILA, Tues. Finance Secretary Cesar Virata has said the Philippines will tap new foreign loans next year totalling US$l.B5 billion (554.32 billion) to finance development projects. Mr. Virata said that the proposed external financing comprised $800 million in official development assistance funds, $950 million In commercialReuter - 97 words
-
916 1977-12-28 9 Agencies PEKING, Tues. China estimates the value of Its total industrial output for this year will show an Increase of more than 14 per cent over 1976. The New China News Agency said yesterday the increase had been 13.7 per cent for the firstAgencies - 916 words
-
325 1977-12-28 9 KUALA TRENGGANU, Tues. Trengganu is expected to produce 30,000 barrels of crude oil a day or 14 per cent of the national output next year. Menteri Besar Datuk Haji Wan Mokhtar bin Ahmad told the State Assembly today the production is expected to increase325 words
-
Page 9 Advertisements
-
Advertisement495 1977-12-28 9 THE DEBT TRAP A&k Business in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. This book is about the efforts of poor nations to J gßin some control over their owi economies and the p role495 words
-
-
Article1553 1977-12-28 10 Agencies PARIS, Tues. The industrialised nations face skyrocketing unemployment, slow growth and money market upheaval next year unless the United States, Japan and West Germany take speedy action to correct their uneven economies. The Organisation for Economic Cooperation and Development (OECD) In its twice-yearly economicAgencies - 1,553 words
-
457 1977-12-28 10 Reuter NYT PARIS, Tues. The dollar could weaken significantly if the US current account remains very large and this in turn could undermine confidence in many countries. The Organisation for Economic Cooperation and development, in its Economic Outlook, completed before President Carter pledgedReuter; NYT - 457 words
-
Article98 1977-12-28 10 BANGKOK. Tues. A nine-man Thai delegation flew to Hanoi today to discuss overflights of Vietnam by commercial airlines. The alrlanes were closed on April 28, 1975, two days before the Communists won the war, and since then aeroplanes have been making long and costly detours98 words
-
304 1977-12-28 10 TRADEWINDS Charters has won contracts worth over $1 million from Bengal Oil Development Company of Japan and from Phya Travel Service of Thailand. Tradewinds Charters is the air-charter subsidiary of Singapore Airlines (SIA) and it began operations slightly over a year ago. "These contracts serve304 words
-
Article109 1977-12-28 10 UPI TOKYO, Tues. China has asked Japan for Its cooperation in increasing the number of weekly Jet flights between Peking and Tokyo to cope with the country's growing tourist Industry. The newspaper Malnichl Shlmbun reported that the Chinese government expressed hope that regular Peking-Tokyo flights couldUPI - 109 words
-
Article, Illustration661 1977-12-28 10 KUALA LUMPUR, Tues. Solution Is in sight to the problem of maintaining a steady flow of Malaysian products to West Asia in line with this country's attempt to sell more to the oil-rich and economically expanding region. Malaysian manufacturers and exporters selling to661 words
-
335 1977-12-28 10 A NEW type of Immigration entry pass, the work permit pass, will be Issued to work permit holders with effect from Jan 3. This pass replaces the employment pass, which is issued both to work permit holders and other foreign workers who are335 words
-
182 1977-12-28 10 Reuter TOKYO. Tue.. A syndicate of 23 Japanese banks will lend East Germany US$l4O million (Ss32B million) to finance the building of the largest petrochemical complex in Eastern Europe, the Industrial Bank of Japan said. The loan will be in addition toReuter - 182 words
-
Article62 1977-12-28 10 Reuter BONN, Tues. West Germany's Federal budget deficit totalled 30.4 billion marks (5532.8 billion) in the first eleven months of this year, but the Finance Ministry said the figure should be less this month. The shortfall compares with one of 33 billion marks in the sameReuter - 62 words
-
530 1977-12-28 10 Agencies TOKYO, Tues. Prime minister T&keo Fukuda Instructed his key Cabinet ministers today to reopen US-Japan trade negotiations before the year-end In order to seek an early settlement to the bitter trade dispute between the two nations. Mr. Fukuda summoned five Cabinet ministers forAgencies - 530 words
-
850 1977-12-28 10 TOKYO, Tues. Japan's current accounts surplus In November totalled more than US$l billion (552.35 billion) for the third straight month. Revised figures released by the Finance Ministry and the Bank of Japan showed the current account balance was $1.13 billion in 'he black before850 words
-
Article124 1977-12-28 10 Reuter TOKYO, Tues. The Bank of Japan set limits of 1.22 trillion yen (about Ssl2 billion) for net additional lending by 13 city banks under its "window guidance" during the first quarter of 1978, bank officials said. The total is an increase of 6.5 per cent overReuter - 124 words
-
Page 10 Advertisements
-
Advertisement100 1977-12-28 10 SEE PAGE 9 mm pacific cruise mm on QUEEN ELIZABETH 2 Cunard's fabulous QE2 returns early next year to give you the most fascinating voyage around the Great Pacific. Nearly t 1 30 exciting ports of call await you for the complete cruise. Or, r chopse your modeof travel from100 words