The Business Times, 2 January 1978
1978-01-02
1
10
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section11 1978-01-02 1 BUSINESS TIMES M.C.(P) No. 218/1/78 MONDAY, JANUARY 2, 1978 50 CENTS11 words
-
NEWS IN BRIEF
-
Article38 1978-01-02 1 PRESIDENT Suharto of Indonesia has been Invited to visit Vietnam. The Invitation was extended to him by Vietnamese Foreign Minister Nguyen Duy Trlnh while visiting Jakarta last week at the head of a 16man delegation.38 words
-
Article65 1978-01-02 1 AFP. JERUSALEM, Sun. Two American oil firms prospecting In southern Sinai are engaged In talks with the Israeli government on the future of reserves estimated at 40,000 million barrels In Israeli-occupied land. The reserves at El Tur on the Gulf of Suez would meet more thanAFP. - 65 words
-
Article82 1978-01-02 1 UPI CAIRO, Sun. President Anwar Sadat Indicated today he had no quarrel with President Carter's latest call for a Palestinian homeland tied to Jordan. In statements published before Mr. Carter's visit to Egypt on Wednesday, the Egyptian President said: "I have been calling for the pastUPI - 82 words
-
Article65 1978-01-02 1 Reuter. ALOR STAR, Sun. The opposition Democratic Action Party (DAP) has announced Its intention to work together with the Islamic Party (PAS), which was expelled from the ruling National Front, In the federal Parliament and state legislatures. DAP secretary-general Llm Kit Slang said yesterday his party wouldReuter. - 65 words
-
Article65 1978-01-02 1 AP BOQUETE (Panama) Sun. Coffee harvesting In Panama's northern province of Chlrlqul was suspended by a production strike yesterday as growers protested a government ban on the export of coffee beans. A spokesman for the National Coffee Growers Association said a recent decision by the National Coffee CommissionAP - 65 words
-
Article85 1978-01-02 1 AP. MOSCOW, Sim. The Soviet Union's two orbiting spacemen greeted the new year 15 times as they spun around the earth, Tass News Agency reported. "Apart from that, like characters In H.O. Wells, they were given the chance to travel Into the past 14 times during theAP. - 85 words
-
Article56 1978-01-02 1 AFP. RAWALPINDI (Pakistan), Sun. Chief Martial Law Administrator, General Mohammed Zla today announced amnesty for leaders and workers of the banned National Awaml Party which was accused of treason before a special tribunal. Addressing a press conference, Oen Zla said the special tribunal Is dissolved, and 52AFP. - 56 words
-
Article60 1978-01-02 1 AFP. NEW DELHI, Sun. Former Prime Minister Indira Gandhi today admitted publicly for the first time that she had committed mistakes "inadvertently" during her emergency rule and promised never to repeat them. In her address to the "National convention of congressmen" here, Mrs. Gandhi said some of theAFP. - 60 words
-
-
Article123 1978-01-02 1 THE following list of stocks gives the 10 most traded in on the Stock Exchange of Singapore last week. It gives the' turnover in thousands of units, closing pricestoh Friday and the high and low for 197/. Company Turnover Price* 000 Dec 30 High Low 1977 United123 words
-
LOCAL STOCK INDICES
-
Article72 1978-01-02 1 Dec 2* Dec 27 Dee 28 Dec 2* Dec 30 tt BT Index: closed 495.44 493.22 500 45 504.55 Industrials: closed 263 09 283.15 263 59 264.24 Finance: closed 424.90 420.24 426.52 428.42 Hotels: closed 170.10 169.78 169.83 170.61 Properties: closed 164.04 163.69 164.04 164.50 t Tins: closed 141.9572 words
-
Article83 1978-01-02 1 Dec 26 D«n Dee 29 Dee 29 Dec M ft BT Index: closed 830.70 030.11 047.70 657.48 Industrials: closed 292.15 292.41 293.52 295.19 Finance: closed 300 00 305 93 305.52 388.84 ••Hotels: closed 194.20 194.20 194.12 184.52 Properties closed 154.90 154.39 154.39 157.07 t Tins: closed 150.30 150.02 150.0083 words
-
-
Article, Illustration745 1978-01-02 1 SOH TIANG KING - BULLISH FORECAST FOR ASIAN MART •r SOH TIANG KING JAPANESE firms with Joint ventures here will tap funds from the Btock Exchange of Singapore In future by seeking local market listing. This Is the forecast of Mr. Yasuo Tada, outgoing president of SlngaSre Nomura745 words
-
Article211 1978-01-02 1 WE HAVE been promising a lot of changes in the last few days. Today we will start to initiate these extras that we have talked about so that they are there for you to read tomorrow. In a nutshell we are bringing you an211 words
-
597 1978-01-02 1 COLIN CHEE - By COLIN CHEE NOVEMBER was the month that saw the largest increase in Singapore's money supply (M-l) since the start of last year. According to the Monetary Authority of Singapore's just-released December report, the Increase In M-l of $108 million was 10.8 per597 words
-
Article403 1978-01-02 1 KUALA LUMPUR. Sun. Magnum Corporation's exposure to the problems of Malaysian Titanium Corporation (MTC) extends to Its substantial Investment in Malay-Slno Chemicals. The company reveals in a circular to shareholders that it has financial commitments to MTC of M97.M million and to Malay-Slno of $2,427403 words
-
257 1978-01-02 1 MAJOR international petroleum companies are estimated to have ipcreased their first half 1977 earnings by 10 per cent to US$7.l billion ($l7 billion) .compared with the similar 1976 period, thanks to their overseas operations. Chase Manhattan Bank's energy economics division 1 polled257 words
-
467 1978-01-02 1 SINGAPORE'S trade pattern with her partners will be somewhat changed in the near future with the gradual Implementation of preferential trading agreements among the countries of Asean. With the first batch of trade preferences exchanged on a total of 71 items covering both467 words
-
Article66 1978-01-02 1 KUALA LUMPUR, Sun. A new organisation of employers will, from today, take over the roles of the Malayan Employers' Consultattve Association (Meca) and the Malayan Council of Employers' Organisations (MCEO). It is to be called the Malaysian Employers Federation (MEF) and will act as the spokesman for66 words
-
Page 1 Advertisements
-
Advertisement27 1978-01-02 1 ©Vteyfoong MAF A lending hand when Wayfoong Mortgage you need and Finance (Singapore) Limited It fflOSi Shaw House. Ground Floor. 354 Orchard Road. Singapore 9. Tel: *****7.27 words
-
Advertisement135 1978-01-02 1 The Autumn issue of the ASEAN Business Quarterly includes a 5-page analysis of ASEAN's urea projects and finds these to be less than viable (12 tables) a 15-page analysis of the impending world energy crisis and the lihely economic effects on ASEAN countries including new patterns of ASEAN energy demand135 words
-
Advertisement126 1978-01-02 1 JAL FLIGHT 712: THE TOKYO EXPRESS "f VANCOUVER ■WSAN 1 FRANCISCO ANGELESI I HONOLULU ISNGAPORE Cft, i <{ r \vv vi sfcv /1 t MEXICO CITY Only on JAL can you non-stop to Tokyo, then make convenient connections to U.S. and Canada. 39 JAL flights depart every week. And as126 words
-
-
Article513 1978-01-02 2 WHfeN fixed rate US dollar negotiable certificates of deposit are re-introduced into the Asian dollar market tomorrow, they will be the first good thing to hit the market in a long time. But it will not only add to the depth and diversity of513 words
-
REVIEWS
-
Article, Illustration563 1978-01-02 2 ILSA SHARP - Fantasia —for adults only By ILSA SHARP "FANTASIA" Is not a child's film. So those of you who have not yet caught this 1940 Walt Disney classic at the Cathay Cinema had better hurry along before the distributors' festive mood passes. Considering its advanced age, the film wears wonderfully well.563 words
-
Article, Illustration1155 1978-01-02 2 JOHN ROCKWELL - ®y JOHN ROCKWELL NEW YORK: The year 1977 in popular music was not the most riveting within memory. Most of the trends that one could identify were developments of things that had got underway before, and a number of the field's biggest names laid low1,155 words
-
Article, Illustration1026 1978-01-02 2 NYT NEW YORK: The Earl of Hare wood, director of the English National Opera, backed into a parked car and caused some damage. He was booked for leaving the scene of an accident. In court he explained that he was listening to a Mozart Wind serenade on hisNYT - 1,026 words
-
Article, Illustration683 1978-01-02 3 TONY ALLEN-MILLS - •y TONY ALLEN-MILLS Reuter BARCELONA: A wave of Interest In the works of Pablo Picasso has been sweeping Spain in recent months, drawing crowds of visitors to Barcelona's Pablo Picasso Museum. In a magnificent 13th century palace tucked away In a narrow cobbled street InReuter - 683 words
-
Article1200 1978-01-02 3 JOHN BROWNING - By JOHN BROWNING Washington Star. PARIS: The new crop of fine French wine has had to overcome two disasters just In being born. Now It faces an even worse one: 1977 could be the vintage year which finally succeeds In pricing French wines outWashington Star. - 1,200 words
-
Article157 1978-01-02 3 THERE will be an exhibition of oolour photographs and poetry presented by the National Museum and the Canadian High Commission at the National Museum Art Gallery of Singapore, from Jan 7 23. The exhibition will be officially opened by Mr. Ong Teng Cbeoag Acting Minister Cm-157 words
-
Article, Illustration1229 1978-01-02 3 VINCENT CANBY - By VINCENT CANBY NYT NEW YORK: I feel that now that he Is dead, at 88, I should be able to admit that It wasn't love at first sight. I was six or seven when I was taken to City Light*, the first Charlie ChaplinNYT - 1,229 words
-
Article656 1978-01-02 3 ANDREW MALCOLM - »y ANDREW MALCOLM NYT TOKYO: They said 1t couldn't be done. (They probably said It under their breaths Just to keep their friends.) But no one ever thought there would be an odourless garlic, no one. that is, but Mr. Toshio Nakagawa. a 66-year-old former riceNYT - 656 words
-
-
Page 2 Advertisements
-
Advertisement100 1978-01-02 2 The Directors of COMPUTER FORMS PTE LTD announce that TOPPAN MOORE BUSINESS FORMS CO., LTD has acquired a holding in COMPUTER FORMS PTE LTD and that from Jan. 1, 1978 it will handle business formerly done in Singapore through TOPPAN MOORE PARAGON (S.E.A.) LTD. m Xi business you wish to100 words
-
-
Page 2 Miscellaneous
-
Miscellaneous51 1978-01-02 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Jan 1 at Singapore airport. Maximum Temperature 31.4° C Associated Humidity 64 Minimum Temperature 23.3° C Associated Humidity 98 Hours of Sunshine Rainfall in Millimetres trace Total Rainfall for the Month trace Total Rainy Days for the Month51 words
-
Miscellaneous300 1978-01-02 2 SINGAPORE 5 10.00 AM Opening followed by Dr. Seuss Horton Hears a Who 10.30 Holiday Matinee Doctor Dolittle, starring: Rex Harrison, Samantha Eggar, Anthony Newley and Richard Attenborough 12.50 PM Games of the XXI Olympaid 2.40 Variety Special 3.45 Caring for History 4.05 The Secret Life Of T.K. Dearing, starring300 words
-
-
Page 3 Advertisements
-
Advertisement28 1978-01-02 3 V\V: Y-" •v x BALLY OF SWITZERLAND ii* m Y?. tthCUA S»c HIGH ST CENTRE*OCEAN BUH-ONG• SUPREME HOUSE •.GOODWOOD, HILTON, RAFFLES HOTELS COLO STORAGE Super Rally luack&Whfte Patent28 words
-
-
Page 3 Miscellaneous
-
Miscellaneous18 1978-01-02 3 {BriStoW EriStoW riackJicteßg rrr i Sips ?rr? Core Qp^ TvAftT'S BRISTOU— MC'S «TH qn nr4e fcg chief Bu>^eß18 words
-
Miscellaneous450 1978-01-02 3 THE TWO-IN-ONE CROSSWORD 1 P2 30 31 CRYPTIC PUZZLE ACROSS 4 Low-price balancing act <«> 7 Mound 121n high? (8) 8 Shrewd and superior In taste possibly (6) 10 Oarsmen with hourglass figure (5) 13 Britain Includes her (4) 14 Bird able to soar (4> 15 He makes abortive starts450 words
-
-
Article, Illustration663 1978-01-02 4 KIRSTEN LANDBERG - By KIRSTEN LANDBERG UPI. BRUSSELS, Sun. Lawmaking used to be a widespread home Industry In this city but today automation has taken over and only a few old women still produce the traditional patterns by hand. Handmade lace has priced itself out of the marketUPI. - 663 words
-
Article, Illustration793 1978-01-02 4 DAVID DODWELL - h DAVID DODWELL FT LONDON: 1977 has been a Jubilee Year In the UK In more ways than one: of course the wind-shredded Union Jack and fading posters remind us that above all It has been Queen Elizabeth's Silver Jubilee but 1952 wasFT - 793 words
-
Article, Illustration439 1978-01-02 4 PETER MILLAR - •y PETER MILLAR Reuter COVENTRY: Workers who defied management and set up a socialist-style cooperative to put the British motorcycle Industry back on the road say they are heading for a profit In 1978. Through 18 months of pickets and worker occupation of factory premises theReuter - 439 words
-
Article, Illustration1081 1978-01-02 4 ROBERT REINHOLD - ■y ROBERT REINHOLD NYT. WASHINGTON: It may be tike commanding the ocean waves to stand still, but a small determined bank of wordsmlths has Infiltrated Washington in a valiant effort to restore the English Language as a tool of government. Their task Is to clear away theNYT. - 1,081 words
-
Page 4 Advertisements
-
Advertisement329 1978-01-02 4 Sow boat from fane it*) v w. <0$ CHINA TRADE QUARTERLY Far East Publications 1913, Hanglung Centre, Paterson Street, Causeway Bay. Hong Kong. ~Please enter my full subscription to China Trad* Quarterly. I am enclosing a cheque/money order for US$2OO.OO or equivalent in other currencies. I IPlease forward issue(s). at329 words
-
-
865 1978-01-02 5 NORTH AMERICAN COMPANIES FT NEW YORK, Sun. In the midst of the general gloom that has descended on the West European chemical Industry in recent months, Mr. Zoltan Merszel, president and chief executive of Dow Chemical, appears as a ray of beaming optimism.FT - 865 words
-
224 1978-01-02 5 Reuter. WASHINGTON, Sun. The Securities and Exchange Commission voted to adopt rules that make It mandatory for security exchanges and associations to collect firm composite quotations and make them available to vendors on a real time basis. Th« SEC said the proposals are intended toReuter. - 224 words
-
Article77 1978-01-02 5 Reuter. NEW YORK, Sun. The American Institute of Certified Public Accountants said it has approved new guidelines for reporting segment information required by the Financial Accounting Standards Board statement No 14. The segment Information required covers information about a com- pany's operation In different Industries, foreignReuter. - 77 words
-
104 1978-01-02 5 Reuter ZURICH, Sun. Citicorp Overseas Finance Corps 130 million franc. 15-year bond issue will bear a coupon of 4.25 per cent and be Issued at 101 per cent, primary market sources said. This is the first foreign loan to bear a coupon as lowReuter - 104 words
-
Article201 1978-01-02 5 ASIAN COMPANIES Reuter PERTH, Sun. Union Oil Development Corp will tike a SO per cent interest in a 14,380 square km area 50 km north of Dampler off the north-western Australian coast In return for drilling the initial exploration well. Western Australian Mines MinisterReuter - 201 words
-
Article182 1978-01-02 5 AFP HONGKONG. Sun. A US$lO5 million loan agreement was signed last Friday by the Philippines Long Distance Telephone Company (PLDT) and an international sydnlcate of banks headed by European Asian Bank. The loan will be used to finance the further extension of the MetroAFP - 182 words
-
Article140 1978-01-02 5 Reuter. HONGKONG. Sun. Textile Alliance said the group continued to incur losses for the six months ended Sept 30.1977 but announced no interim trading figures. The company forecasts further operating losses for year to March 31.1978 in the absence of an improvement In world textile marketsReuter. - 140 words
-
Article620 1978-01-02 5 UK COMPANIES FT LONDON, Sun. With the car, truck and builders' merchants sections of the commercial division showing strong growth and North American oil and gas operations lifting their contributions sharply, pre-tax profit of Tricentrol jumped from £1.39 million to £3.4 million in the nineFT - 620 words
-
Article146 1978-01-02 5 ICI hit by Reuter LONDON, Sun. Imperial Chemical Industries Ltd said the strengthening of sterling against other major currencies, particularly the dollar, since the end of the third quarter will hit fourth quarter profits. In a statement accompanying the US public offering of US$l5O mUlion of debentures ICI said resultsReuter - 146 words
-
Article71 1978-01-02 5 PARIS. Sun. SA Automobiles Citroen said it will shortly repay a one billion franc loan to the French Treasury. The loan was made early in 1975 for a period of 15 years through the government's economic and social development fund In connection with a restructuring of the French71 words
-
OVERSEAS
-
245 1978-01-02 5 AFP Reuter NEW YORK, Sun. The dollar must remain the keystone of the International monetary system. According to the chair-man-designate of the Federal Reserve Board, Mr. William Miller, "the dollar ought to be strong and viewed as a stable, safe haven". He saidAFP; Reuter - 245 words
-
Article455 1978-01-02 5 ARRIVALS Service Local Operator Number Time From CPA CX003 0145 HKQ SAS SK097 0750 CPH/KHI/BKK MAS MHS82 0725 KCH GIA GA980 1030 HLP CPA CX710 1035 HLP THAI TG423 1035 BKK SLA SQ209 1045 HLP GIA OA944 1055 PKU GIA OA 908 1100 MES PAL PR501 1125455 words
-
590 1978-01-02 5 NYT WASHINGTON, Sun. The growth of productivity In the United States slipped in the last 10 years to an average of 1.5 per cent a year, less than half the 3.2 per cent average for the poet World War Two boom yearsNYT - 590 words
-
-
Page 5 Advertisements
-
Advertisement210 1978-01-02 5 It \®iYJ•! 4# i\:l»m/• OV.O^ v**Sh r i> A well-read person is a well informed person. That's why he can always talk about any cunent event or join in on any conversation amongst friends, colleagues or at social functions amongst acquaintances. That's why very often you find many people crowding210 words
-
-
549 1978-01-02 6 PLANTATION Holdings (PH), a British estate owning group, gave notice in London on Wednesday of plans to Malaysianise its assets in this country. PH already has a major Malaysian shareholder in the Malaysian Multipurpose Co-Operative Society (KSM) which purchased a 20 per cent stake in549 words
-
Article426 1978-01-02 6 SHAREHOLDERS of Southern Klnta Consolidated have been greeted with two pieces of good news In the latest Interim report. The first was released by the company following Its completion of transfer of domicile to Malaysia on Oct. 28. Firstly, the company's unaudited pre-tax profits for426 words
-
Article361 1978-01-02 6 Current payment Ex Date Date payable Tout far tbe year Total far prutaua ym Metal Box S'por* S'pore Land Prtaling Tin T. Harbour Sdanfor Dredging Bouatead Kuala Lumpur Chem Ind(FE) Cold Storage Hldgi FAN Killing hall Jack Chia-MPH Kulim DufTDev Batu Kawan Chin Teck S. M. Industrie* Berjualai361 words
-
Article192 1978-01-02 6 YEO Hiap Seng Malaysia's proposed one-for-one rights issue at par has been approved by the Capital Issues Committee of Malaysia. Its Singapore associate, Yeo Hiap Seng (S). which holds 40 per cent of the Malaysian company's existing capital of Ms 9 million, has undertaken192 words
-
Article2520 1978-01-02 6 If77 Hi** Uw Company Last Sale <**• Nat TH M On We* Vel C666I H*1 *Mk 1 Lew SECTION ONE INDUSTRIALS 154 304 119 244 88* 205 109 200 422 140 134 Aetna 165 Alcorn 58 Allied Choc 212 Bata 57* Ben 155 Boustead 1492,520 words
-
Page 6 Advertisements
-
Advertisement696 1978-01-02 6 sinoapura FORUM a HOTEL 585 Orchard Road, S'pore Tel: *****2 4*B/407 Havelock Road, S'pore S. Tel: *****1 Pebble Bar Expertence the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally696 words
-
-
Article202 1978-01-02 7 TORONTO: The market rallied in active trading to tbe second half of Friday's session u major oil issues continued to dominate. The composite Index vaa up almost four points and advances led declines 710 to 171. The volatile oils sector led the advance, with Pacific Pais rising 1-1/4 to202 words
-
Article119 1978-01-02 7 MILAN: Stocks closed generally easier in thin trading last Friday, influenced by economic and political uncertainties. Aaje, Sale VWnsss, Fiat and MedMaaca firmed against the general trend, as did Gewale laaweMHam in depressed financial. Bonds were actively higher. n urt lll.M AancOcn Butofi M4 -«o OmtrmJ* rw PUuMar MM119 words
-
Article285 1978-01-02 7 PARIS: Shares were mostly slightly higher In quiet pre-end year trading l*st Friday. However. CtHetoH, engineerings and chemicals were mixed while oils fell against the trend. Among foreign (Locks Amerlcan*. Otraisi ud International oils rose while Canadians and Dutch were mixed and golds and wpp wil. oac m Its285 words
-
953 1978-01-02 7 NYT. NEW YORK, Sun. Some capital-hungry utilities, pushing against their debt limits on one hand and hard put to sell common stock on the other, are going to considerable lengths to interest individual Investors In preferred stock. When the Alabama Power Co. recently came toNYT. - 953 words
-
Article296 1978-01-02 7 JOHANNESBURG: Golds closed moetly lower on profit-taking last Friday In a shortened session ahead of the long weekend. Most gold shares were down between five and 25 cents although West Dries rose 50 cents against the trend to 3.550. Financial minings were slightly easier in slack trading. De Beers296 words
-
Article28 1978-01-02 7 THE Tafcyw Stock Exckoag* wu ctoMd M Saturday for tfca N«w Tar. Zurich. Prmakfurt. Bruaaaia sad A m iter da in narked war* alao cM laat Friday*.28 words
-
Article1299 1978-01-02 7 December 30 ON THE Chicago Board Options Exchange last Friday, a total of 100,200 contracts were traded compared with 106,537 contracts on Thursday. OPTION JAM APL JIT STOCK Aica« Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AUR AUR Avon Avon-P Avon Avon-P Avon1,299 words
-
Article976 1978-01-02 7 chancing dlnctloni wrml times last Frtdaj closed oat the year with a token gain tn busy trading. Prices traded within a narrow range all day. reflecting mostly year-end tax and portfolio adjust menu, analysts aald. Only a handful of issues showed price changes of a point or more.976 words
-
Article627 1978-01-02 7 NYT. TH* stock market last week wound up the last trading day of the year with few price changes, moderate trading and the traditional confetti on the floor of the New York Stock Exchange. Despite last-minute manoeuvring by individuals taking losses for 1977 tax purposesNYT. - 627 words
-
Page 7 Advertisements
-
Advertisement403 1978-01-02 7 mctfco •>ic< Tanglin Circua, S'pore 10. Tel: *****1 Braaaerie La Rotonde Speciality de Cafe Expect the unexpected! Dally specials that are as fresh as a new day. Today's special could be meat. Or seafood Even hors d'oeuvres. But whatever it Is, It's fresh. And prepared as only our chefs know403 words
-
-
REPORT AND PRICES
-
Article219 1978-01-02 8 NEW YORK, Sun. Rubber prices on Friday were unchanged to a quarter cent higher. Dealers said activity was light and mostly confined to dealer-to-dealer switching for book-squaring before the New Year. During the week, prices were unchanged to half a cent higher, dealers said. Consumers were fairly active219 words
-
Article166 1978-01-02 8 THE STRAITS tin price In Penang on Saturday fell another Mill to $1,685 per picul, on an official offering up 33 tonnes to 270 tonnes. In LONDON on Friday, the market closed after the morning session and will reopen on Tuesday Jan 3. The metal showed losses of166 words
-
Article171 1978-01-02 8 LONDON, Sun. Sugar futures closed £0.60 to £0.10 up and turnover totalled 1,611 lots on Friday. Dealers said the market opened with gains of nearly £2 in line with higher overnight kerb levels established following a firmer New York market. However, there was little follow through buying interest and171 words
-
Article196 1978-01-02 8 HONGKONG, Sun. The market yesterday was quiet with prices unchanged, dealers said. Total turnover was 46 tons comprising Thais 12, Kwangtungs 24 and Australian 10. There were no arrivals. (Prices in HK dollar* per ptctil godown); Thai white: 100 pet old crop Istctsat 114 00 nam, 2nd 112.30 itr.196 words
-
535 1978-01-02 8 AFP. LONDON: Generally quiet conditions prevailed last week on the commodity markets during the threeday week immediately following the long Christmas weekend with many commodity dealing offices operating on a half-staff basis. The fresh strength of sterling against the US dollar contributed towards theAFP. - 535 words
-
Article107 1978-01-02 8 NEW YORK, Sun. Comex silver futures rallied more than 2.00 cents from the lows in this abbreviated session on year-end short covering. At the close, prices held losses averaging 2.00 cents net. Earlier, the market slipped 5.00 cents on selling triggered by the easiness in comex gold Delivery notices107 words
-
Article202 1978-01-02 8 RETAIL prices per tael quoted by the Singapore Chinese Oold and Silver Merchants Association are 1470 for 90 per cent gold, *500 for 22k gold and $530 for 24k gold. In LONDON on Friday, gold closed at U*****.00/ 165.50 an ounce after the afternoon fixing of U*****.95, which was202 words
-
Article188 1978-01-02 8 NEW YORK. Sun. Comex copper prices on Friday rallied from their lows on stepped-up trade and consumer buying to finish some 0.60 cent down, dealers said. A mass of commission house sell-stops were triggered at the 59.50 cent level, basis March, pushing prices as low as 59.00 cents, off188 words
-
Article249 1978-01-02 8 LONDON, Sun. Coffee futures closed on Friday officially steady but CIS lover to £26 higher compared wtth Thursday's finish. Volume totalled 2,522 lots including eight options. Near January erased earlier gains to close CIS down at a mid price of C 1.902. Middle Months closed with net gains of249 words
-
Article236 1978-01-02 8 LONDON, Sun. Renewed strength of sterling in the afternoon caused a late easing in terminal cocoa on Friday but values still finished up from Thursday C 0.50 to £19.50. Turnover totalled 1,617 lots including six options and 592 lots self traded. Spot December closed out uneventfully at mid afternoon,236 words
-
Article171 1978-01-02 8 CHICAOO, Sun. Soybean futures on Friday finished with fractional gains, after ranging to either side of the previous close. The market weakened early, with light hedge selling helping to take the market lower. Downward followthrough was lacking, however, and prices fluctuated narrowly before speculative buying Interest was kindled by171 words
-
Article97 1978-01-02 8 CHICAGO, Sun. Wheat futures closed 1/2 to 1-1/2 cent a bushel lower but above the lows of a narrow trading range, on Friday. Lower Oulf bids contributed to an underlying bearish tone and commercial selling helped take prices down In early trading. Minor price movements followed until short-co- vering97 words
-
Article71 1978-01-02 8 Of North European porta (prto as quoted In UB dot Mrs par ton): LONDON Malaya* 5* rfa bulk February Sumatra 5* ffa bulk December January February March £C Nigerian S* fta etf Friday unci) S36 Mr SS air S1V SOilr •10 air unch unch ■nq Fnil— SOT sir71 words
-
Article811 1978-01-02 8 COMMODITIES on the official list of the Singapore Chinese Produce Exchange enjoyed mixed fortunes In 1977. some falling by more than SO per cent while others appreciated by as much ss 10 per cent. Trading was generally on a low level in the absence of811 words
-
Article188 1978-01-02 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL ON SATURDAY: CarMMil Oil: Bulk SSt seller*. old rum (93 tellers new drum MS sellers Cmpra: Mixed (loose) UK/Cont $57 buyers Pepper: Muntok AST A white f.O.b. 100% NLW $440 sellers, Sarawak white f.o.b 96% NLW $420 sellers. Sarawak188 words
-
-
MONEY AND EXCHANGES
-
Article247 1978-01-02 8 FOLLOWING the long Christmas weekend, the US unit opened not much changed at $2.3565/75 but extended its decline to as low as $2.3250 on some commercial sales of dollars and book-squaring for the yearend. The weakness of the dollar was also attributed to news that Textron chairman William247 words
-
Article267 1978-01-02 8 Asian rates RATES eased marginally in periods in thin trading on the Asian dollar market last week. Short dates also fell, notably on Thursday/ Friday losing its premium closing 26 to 25 V, per cent from a high of 31 per cent. The turn of year rate lost M per267 words
-
Article228 1978-01-02 8 THE INTERBANK market during the first half of last week remained falrty easy but the money situation tightened during the second haU which saw overnight rates going from 3* per cent to an average of about 4ft per cent. Term rates moved up In line with the overnight228 words
-
Article77 1978-01-02 8 Source: Astley Pearce GENERALLY, the Interbank overnight market was quiet maintaining steady at the range of 4* to 4 per eent with the exception of Wednesday, where a few banks were caught short due to late clearing, the overnight rate reached a height of 10 per cent. TheSource: Astley & Pearce - 77 words
-
Article292 1978-01-02 8 LONDON, Sun. The dollar weakened on Friday against major currencies in extremely thin trading after US leading indicators fell 0.2 per cent in November after an upward revised gain of 0.8 per cent In October, dealers said. They said that the US economy is showing signs of weakening Internally292 words
-
Article191 1978-01-02 8 NEW YORK. Sun. The dollar closed weaker on Friday after morning gains were erased In later trading, dealers said. Trading was extremely quiet ahead of the New Year holiday, however, and a few commercial transactions caused sharp fluctuations in rates, they said. The market had opened higher as191 words
-
Article108 1978-01-02 8 Euro rates LONDON, Sun. Trading interest In Eurodollar deposits was subdued with rates holding basically steady, dealers said on Friday. Periods showed little movement from opening levels. One and Two month rates were adjusted lower because of loss of Friday end of period. One Month finished around 6-15/16, 6-7/8. Bhortdates108 words
-
Article65 1978-01-02 8 ZURICH exchanges dosing quotes on Dec 30: us 2 ooac-oi jo Stf 3 8177-6332 QUI 1 8302-8364 D Mk (6 10-31 O PI 67 61-68 M P FT 42 62-66 B FT 6 1036-1446 D Kr 34 66-88 II Kr 36 67-30 8 Kr 42.61-43.13 Lit 0 2266-Z3G2 Au»65 words
-
Article46 1978-01-02 8 FRANKFURT exchanges closing quotes on Dec 30: US Z 1(60/1100 Can l B240/00 sm 3 90/4 02 D n 92 40/80 s ft Ut 2 405/425 r Pr 44 SS/45.05 yen I I7M/W B Pr (con) 4S/42 B/Fr (fin) #36/39 N Kr 40 975/41 00646 words
-
Article48 1978-01-02 8 FOR the week ended Friday Dec 30 the range of call rates received from Short Deposits (M) Berhad was as follows: BANK FUND 3* per cent to 5 per cent GENERAL FUNDB 3* per cent to 4% per cent. Movements of fund totalled 5517 million.48 words
-
-
Page 8 Advertisements
-
Advertisement377 1978-01-02 8 from Penguin o o 1976 Nobel Prizewinner I^MIT 1976 Nobel Prize Winner is at his best again in his latest book To Jerusalem and Back'. As with his recent best-seller 'Humboldt's Gift', Bellow's brilliant images emerge at frequent intervals like sunshine through fog, witty, clever, radiantly imaginative and without doubt.377 words
-
-
818 1978-01-02 9 SINGAPORE MARKET operators bade the year with a firm farewell with a sudden burst of activity on the Stock Exchange of Singapore last week. For a greater part of the week the market languished in the doldrums with generally small price movements but towards818 words
-
420 1978-01-02 9 GOH HIANG PONG - J* -1 I GOH HIANG PONG OTHERS Datuk Keramat Holdings has disclosed that It holds 10 per cent each of the paid-up capital of Southern Malayan Tin Dredging and Southern Klnta Consolidated the two London Tin companies which recently moved domicile to420 words
-
179 1978-01-02 9 For better or for worse here are some views Reuter LONDON. Sun. Australians enter 1978 optimistic about their prospects while many West Germans and Japanese are uncertain what the coming year holds in store. An international survey by Gallup International Research Institute asked people In 18 non-Communist countries about theirReuter - 179 words
-
Article63 1978-01-02 9 AFP. LONDON, Sun. Chancellor of the Exchequer Denis Healey promised the country tax relief this year "If the pay policy continue* to hold as well as It has so far." There should then be "quite a substantial amount of money available," Mr. Healey said in .a televisionAFP. - 63 words
-
Article614 1978-01-02 9 KUALA LUMPUR THE LAST minutes of 1977 on the Kuala Lumpur Stock Exchange saw a bit of celebration though It was too late. In a carbon copy of the previous week's trend, Friday's late afternoon rally in a selection of counters lifted prices moderately614 words
-
Article224 1978-01-02 9 KUALA LUMPUR, Sun. It looks like all systems go for plans to exploit the Kuala Langat tin find, believed to be the largest tin-deposit area ever discovered in the world. A Joint statement released yesterday by Kumpulan Perangsang Selangor (fully-owned by the Selangor state government), Malaysia224 words
-
Article462 1978-01-02 9 Reuter. TRADING cloMd on Ana note an Friday with moat brokers predicting a further sharp and sustained rise la Aaatraiiaa share prices la the New Year Lower interest rates, hopes ot renewed foreign iavestment following the election af tha Fraser government and expectations af development af uranium mines spurredReuter. - 462 words
-
617 1978-01-02 9 GERALD COLVERD - LONDON Br GERALD COLVERD THE glltedged market can be expected to lead London stock and share markets In the early months of the new year as the Bank of England eases off Interest rates towards the 5 per cent base that had been617 words
-
Page 9 Advertisements
-
Advertisement181 1978-01-02 9 The daily double Every business day, Singapore's two vital newspapers, The Straits Times and Business Times, bring a wealth of information to your table. The Straits Times fills you in on day-to-day happenings in Singapore, Malaysia, ASEAN and the world. On people, politics, sports and entertainment. But for a punchy,181 words
-
-
Article909 1978-01-02 10 AFP TOKYO, Sun. Eight of Japan's major synthetic fibre manufacturers plan to merge Into four groups to tide over the present business stump. A Tokyo dally, Yomlurl, said yesterday government and synthetic fibre ln- dustry leaders have agreed on the plans under which AsahlAFP - 909 words
-
415 1978-01-02 10 Reuter. SOUTH-EAST Asia moves into the new year with cautious hope that the suspicion and distrust between communists and non-communists left by the Indochina War are at last fading and a period of Increased cooperation is at hand. The communist states of Vietnam,Reuter. - 415 words
-
198 1978-01-02 10 KUALA LUMPUR. Sun. The Malaysian Airlines System (MAS) has rescheduled flight times for domestic services, effective from today. A MAS spokesman, clarifying reports that the airlines has cut domestic flights by 15 per cent, said only one flight has been scrapped. The thrice-weekly B-737198 words
-
355 1978-01-02 10 TSANG SAU YIN - •r TSANG SAU YIN SUNDSTRAND Pacific. manufacturer of component parts for constant speed drives, will reach full productivity by 1981, five years after its establishment' here. Hiis was the confident prediction of Mr. Larry Myers, managing director of the plant. For the355 words
-
270 1978-01-02 10 KUALA LUMPUR, Sun. A comprehensive report on Investment opportunities In Saudi Arabia, particularly in the building industry, will soon be circulated by the Malay Chamber of Commerce and Industry (MCCI). Vice-Chairman Datuk Sulaiman Ninam Shah, who returned on Friday after leading an U-day fact-finding mission270 words
-
459 1978-01-02 10 Agencies. THE leaders in Singapore's neighbouring countries, Malaysia, Indonesia and Thailand, called on their peoples to strive for a better year In 1978, and on the international front, the Malaysian Prime Minister Datuk Hussein Onn said the government would strive to strengthen understandingAgencies. - 459 words
-
Article, Illustration1094 1978-01-02 10 WIDESPREAD ANTIPATHY IN U.S. UPI. Reuter NEW YORK, Sun. Japan's Minister of Economic Affairs Nobuhlko Ushlba said In an interview with Newsweek magazine that Japan should not be made the scape goat for US economic woes. Mr. Ushlba. who came to America InUPI.; Reuter - 1,094 words
-
Article302 1978-01-02 10 ADMITTING that the social effects of tourism may act against "our moral scruples for a rugged, clean living society." Prime Minister Lee Kuan Yew said in his New Year message that tourism's contribution to Singapore's economy was "nevertheless welcome". Tourism registered the highest growth Increase (14302 words
-
Page 10 Advertisements
-
Advertisement44 1978-01-02 10 TODAY Lunch at OKOH OF GINZA (Raffles Quay) t Fantastic Teppan-Yaki Steaks! One and only Robata-Yaki counter in town: Come 8. Get !t| <£~S w f > 9 MM Q *-4 jsp OKOH OF GINZA Japanese Restajrant 3 ise Hong Leo.lgßldg Raffles Quay Tel 22;778l44 words
-
Advertisement389 1978-01-02 10 A Major New Talent in Penguins Paul Theroux Paul Theroux, an American now living in London, has been acclaimed as one of today's major writers compared with Graham Greene and Joseph Conrad. The Great Railway Bazaar, his latest in Penguins is the true story of Theroux's railway odyssey from London389 words
-