The Business Times, 3 January 1978
1978-01-03
1
12
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section13 1978-01-03 1 BUSINESS TIMES M.C.(P) No. 2M/1/T8 TUESDAY, JANUARY 3, 1978 50 CENTS 50 CENTS13 words
-
BRIEFLY...
-
Article107 1978-01-03 1 AP JAKARTA, Hon. Indonesia's crude oil production last year stood at 614 million barrels compared with 550.3 million barrels last year. The Directorate General of Oil and Natural Resources said today the Increase was due to the discoveries of some new oilfields on Java, Irian Jaya and Bumatra.AP - 107 words
-
Article57 1978-01-03 1 Reuter TEL AVIV, Mon. An Israeli newspaper said today Egyptian President Anwar Sadat Increased his B>lltlcal pressure on Israel after learning the exnt of concessions Prime Minister Begin was ready to offer the Arabs In return for peace. Sinfce the Ismallla summit between the two leaders lastReuter - 57 words
-
Article57 1978-01-03 1 UPI TOKYO, Mon. Japan and Vietnam are close to an agreement under which Vietnam will take over U5568.75 million (8*161.6 million) livdebts owed Japan by the former South Vietnamese government. Government sources here said settlement of the debt question would pave the way for a resumption of JapaneseUPI - 57 words
-
Article78 1978-01-03 1 AFP NEW YORK, Mon. The American government Is conslderlngreduclng its arms sales abroad, particularly to Third World countries by about 10 per cent this year according to the New York Times. The Carter administration could fix a new celling from February for arms exports worth more thanAFP - 78 words
-
Article92 1978-01-03 1 Reuter NAIROBI, Mon. Economically weaker African countries failed to respond as well as the better-off states to last year's economic challenges. The executive secretary of the Economic Commission for Africa, Mr. Adebayo Adedejl, said African countries were forced to make adjustments to their economic plans because ofReuter - 92 words
-
Article63 1978-01-03 1 AP PARIS, Mon. French President Discard d'Estalng and President Carter will discuss the Middle East, European security, the Salt talks, and the world energy crisis during their talks here later this week, the Ely see Palace announced today. During Mr. Carter's three-day state visit, they willAP - 63 words
-
Article44 1978-01-03 1 UPI NEW DELHI, Mon. President Carter, only moments after warning he would send a "cold and very blunt" letter to India about nuclear safeguards, Informed the Indian government today he will recommend another shipment of enriched uranium to India. UPI.UPI - 44 words
-
Article62 1978-01-03 1 Reuter JAKARTA, Mon. Indonesian Mines Mint«t»r Mohamad Sadll said today the price of fuel for domestic consumption would be raised to support national development. Antara news agency reported that he made this announcement after a meeting with President Suharto at which Finance Minister Wldjojo Nltlsastro and president-directorReuter - 62 words
-
Article62 1978-01-03 1 Reuter LONDON. Mon. A leading British charity plans to raise £100,000 8*443,000) to help areas In south India devastated oy last November's cyclones which killed 25,000 people and left two million homeless. The organisation, Oxfam, said the Immediate need for blankets, vaccines and cooking utensils was being metReuter - 62 words
-
Article63 1978-01-03 1 Reuter JERUSALEM, Mon. Prices In Israel rose by 41 Kir cent last year while the gross national product creased by only one per cent, according to preliminary figures issued here today by the Central Bureau of Statistics. Private consumption Increased by between one and 2 per centReuter - 63 words
-
Article72 1978-01-03 1 Reuter Mon. The leaning tower of Pisa, which has tilted more and more for the last 800 years stopped moving last year. Experts said last night there was no explanation why the church bell tower's usual *nnna| movement of one millimetre had halted. Construction of theReuter - 72 words
-
-
Article709 1978-01-03 1 RONNIE LIM - EXPORT LOSS OP $18 MILLION By RONNIE LIM THE timber industry, which has yet fully to recover from the recession, will be hit badly if the Australian government goes ahead with proposed protectionist measures. Singapore's total timber exports would drop by about 6 to 9709 words
-
278 1978-01-03 1 THE fate of the fishing Industry in Tuas is still hanging in the balance. Two days ago, Mr. Ho Kail Leong lIP for Jurong, said that the fishing port should hot be eliminated because of reclamation in the area. Kelong owners and workers278 words
-
Article, Illustration333 1978-01-03 1 SOH TIANG KENG - •y SOH TIANG KENG COMMERCE continues to grab the lion's share of total bank loans to various sectors of the Singapore economy. According to latest figures From the Monetary Authority of Singapore, commerce takes up 40.4 per cent of bank loans of $9.92 billion to333 words
-
349 1978-01-03 1 AFP Reuters FORMER Indian Premier Indira Oandhl yesterday earned a major split In the Historic Indian National Oratress Party which led the struggle for the nation's independence A party rump calling Itself the "Convention or Congressmen", after meeting in New Delhi for two days, declaredAFP; Reuters - 349 words
-
Article138 1978-01-03 1 THK Japanese government has stepped up preparations for the renaming of monetary aniu, Increasing the likelihood of currency reform this jfoar. The dally Tomtart newspaper mmm government sot ess as saying Japan see money would be scaled down by one-hundredth lor example, the present138 words
-
244 1978-01-03 1 Reuters VIETNAM and Cambodia could compote with each other ia seek'iag friendship with Aaoaa following a break la relations bet warn the two countries. Indonesian Parliament chairman Adam Malik said tkia ia Jakarta yesterday. The break marked the growing disunity ammg theReuters - 244 words
-
Article476 1978-01-03 1 COLIN CHEE - •y COLIN CHEE THE fixed rate US dollar certificates of deposit comes on the market again today some seven years after they were first introduced by a leading American bank back in 1970 It is probably the most painstakingly planned and most intensively promoted476 words
-
Article158 1978-01-03 1 ITALY'S balance of payments recorded a dramatic turnaround last year. Foreign Trade Minister Rlnaldo Oeeola said this in Rome yesterday. ft ended the year with a balance of payments sureus of more than 1,500 lllon lire (B>4 billion) compared to a deficit of 2,900158 words
-
Page 1 Advertisements
-
Advertisement75 1978-01-03 1 Replace your woods Ay With /muejfot BOMBSHELLS LOCAL food prices still riding high SEMBAWANG ahippinc tails into ukaowa waters ....J WHY we hsvt changed 0 TAT Lm Beak's name is steeped la history STTRAWS hi ths wind 7 LOCAL stock market looks set for upswing.. 9 SIZING ap the top75 words
-
Advertisement100 1978-01-03 1 SannJ&oy Sony Trinitron now comes in with a 31 cm (13") screen portable color TV. The Son of Sony. Ybur 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 while awaitina the tube to100 words
-
Advertisement141 1978-01-03 1 APS ELECTRONICS (PRIVATE) LTD SHtaAKJK'T* 55em(5Un—) APS ELECTRONICS (M) SON BHO KUXU LUMPUR Tet 03-*****0 The Autumn issue of the ASEAN Business Quarterly includes s 5-psge snalysis of ASEAN's urea projects end (IMb these to be less than\isble (12 tables) sls-p«fe snslysis of the impending *orid energy crisis and the141 words
-
-
TRADE AND INDUSTRY
-
237 1978-01-03 2 Reuters THE US energy department has approved a $2 billion (554.7 billion) project for importing Indonesian liquid natural gas (LNG) into California beginning in > the early 1980s. The project will be administered by Pacific Indonesian Natural Gas Co, a wholly-owned subsidiaryReuters - 237 words
-
Article, Illustration743 1978-01-03 2 JOHN TAN - By JOHN TAN FOOD prices in Singapore are still high though Inflation generally has been brought under control over the past year. Latest available statistics show that the cost of all food items have increased 23 per cent in the 12 months ending last743 words
-
Article132 1978-01-03 2 MEETINGS AND CONVENTIONS Date Title Location Organiser Jan 5-20 JT 2-Three Meeting Hyatt S'pore Convention Centre International Air Transport Association (LATA) 7Feb 10 Pro-rate Meeting Hyatt S'pore LATA COURSES AND TALKS > Date Title Location Organiser Feet Remarks Jan 4-23 7, 14 li 21 Managing Sim ConConflict in132 words
-
Article, Illustration92 1978-01-03 2 LEE Wah Bank's Penang branch today moves into its recently completed building, Btnfuntn Lee Wah Bank, at 64 Bishop Street. The branch, located on the pound floor of the new four-storey building, will occupy about 500 square metres, providing space for more counters and tellers.92 words
-
Article97 1978-01-03 2 THE third International conference and exhibition on eomputers in engineering and building design will be held from March 1410 in Brighton, England. The three-day conference will examine developments in application and techniques during the last few years. Altogether. 73 papers will be presented In sessions on97 words
-
122 1978-01-03 2 THE National Productivity Board will conduct a course on Low Cost Automation Module 1 Mechanisation of Production Processes from Jan 16-27 at the NPB Town Training Centre, Hotel Royal Ramada. The coursfc will explain the practical mechanisms of production machinery. This course Is one122 words
-
-
Page 2 Advertisements
-
Advertisement652 1978-01-03 2 JOIN THE EXCITING WORLD OF JOURNALISM The Straits Times Press (1975) Limited, New Nation Publishing Limited and Times Business Publications Limited have further vacancies lor the positions of reporters and sub-editors. If you want to be where the news is, join us In the exciting world of Journalism. Here Is652 words
-
-
Page 2 Miscellaneous
-
Miscellaneous557 1978-01-03 2 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1- Dad hu two nn to rate money (4) 4 Sleepy head? (6) 6 Prohibit further decoration (3) it Naval base (Oerman, we hear) (4) IS Left for dead 14 Shown up in camera? (7) It HQ for affairs of the heart? 17 It's557 words
-
-
OVERSEAS
-
564 1978-01-03 3 Reuters SPECULATION In New York about another in* crease in the US copper producer price haa arisen now that dealer prices are 'on par with producer quotes. Informed sources In copper circles say there may be another increase of some two to three U8 centsReuters - 564 words
-
Article, Illustration490 1978-01-03 3 Agencies FEDERAL Reserve Board Chairman William Miller said in Washington yesterday monetary policy can be adjusted if the US economy slows down. "If the economy does slow down, then the natural expectation would be that there could be some reduction in (Interest) rates." HeAgencies - 490 words
-
Article257 1978-01-03 3 Reuter VENEZUELAN President Carlos Andres Perez on Sun-" day said unity among oil exporting countries had not diminished despite their failure to agree on an oil pricing policy for this year. In a New Year speech in Caracas, Mr. Perez said the Organisation of OilReuter - 257 words
-
Article111 1978-01-03 3 Reuter THE Bank of Italy's foreign exchange office in Rome announced some minor relaxations in foreign exchange regulations, effective since Sunday. It sets out limits on transactions on current account invisible items, authorising banks to effect without any official formalities advance payments up to 60Reuter - 111 words
-
WORLD IN BRIEF
-
Article422 1978-01-03 3 Agencies TRADE and Industry Minister Jack Horner said Canada will extend the global quota on Imported clothing until Dec 31. The quota was introduced in November, 1976, to stabilise the Canadian clothing market after a' sudden surge of Imports, and was to have ended on June 30.Agencies - 422 words
-
-
Article382 1978-01-03 3 Reuters PaiME Minister James C>lla|hu Mid ia London yesterday that win re(traint ia the chief condition to bo met if Britaln'a recovery ia to be lasting. In a New Year magi iaanod by Labour Pnrty headquarters, Mr. Calla(han notod that the (onrnment relies in phrtReuters - 382 words
-
Article388 1978-01-03 3 Reuters BRITISH Steel announced price increases on two products In line with SBC guidance prices Issued over the weekend. The price of hot colled roll has been Increased by £7 (8*31.22) per tonne to £156, an increase of 5 per cent and cold reduced collReuters - 388 words
-
-
Page 3 Advertisements
-
Advertisement161 1978-01-03 3 American Express International Banking Corporation introduces US dollar Negotiable Certificates of Deposit American Express International Corporation's US dollar NCDs If you would like more detailsBanking Corporation is now for a minimum deposit of or if you would like us to show issuing Negotiable Certificates US$5O,OOO. Maturity dates range you how161 words
-
-
Page 4 Advertisements
-
Advertisement519 1978-01-03 4 Now with new, .more to be reading BusinessTimeswith more interest. Now, Business Times takes on a whole new look and attitude. With new strengths greater depth, greater judgement and more exhaustive fact finding. With new, broader coverage on a wider range of subjects relevant to all levels of management. In519 words
-
-
TRANSPORT
-
Article, Illustration775 1978-01-03 5 NYT THE Llberlan-reglstered tanker, Argo Merchant, which split in two off the eastern seaboard of the United States, spilling 28 million litres of oil In America's worst environmental disaster had been a menace for vears. This conclusion of the official Llberlan government reportNYT - 775 words
-
Article282 1978-01-03 5 UPI THE Japanese government should have the power to bar the Soviet Union's cutrate cargo ships from Japanese ports, a leading spokesman for the Japanese shipping industry said In Tokyo on Sunday. Selshlro Miyamoto, executive secretary of the Japanese Shipowners Association, said "Lowrate outsider activitiesUPI - 282 words
-
Article349 1978-01-03 5 SINCE it was established In 1883, NYK Line has operated and managed a large fleet of cargo liners on all major sea routes, linking the world's important ports. NYK's full container service was Inaugurated with the Kamakura Maru in December 1971 and took part in forming the Trio349 words
-
Article, Illustration238 1978-01-03 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Dong Bee (2300 after Prinsendam) 3/4 Olso Maru No. 19 (JLKB) (2300) 40/41 Mogamlsan Maru (JNUR) (2130) 15/16 Ocean Supply (B. Barge) (0700 after Arlsona) 48 Perils (1300) 21 West Samson (0000) 23/ Sangernausen (2300 10/11 Ned loyd Nassau) Tagaytay (0600 after Arizona)238 words
-
187 1978-01-03 5 TRADEWINDS Charters operated two flights for Air Ceylon over the weekend, the first time It has ever stepped In to help a scheduled airline. Tradewinds' manager, Raymond Llm, called it a significant step in the development of the company, and there is187 words
-
Article102 1978-01-03 5 Reuters VIETNAM has agreed to reopen its airspace to overflights by Thai cMI airlines. The Thai deputy directorSneral of clvtl aviation, ilttl Watcharaphong, said in Bangkok after his talks In Hanoi that Thai Airlines could fly over Vietnam, whenever It was ready. Vietnamese Airlines would beReuters - 102 words
-
Article71 1978-01-03 5 UPI KYOKUYO Shipbuilding and Iron Works, a medium sited ship construction firm, has filed a bankruptcy petition In Japan's sixth largest business failure of The firm petitioned the dlsctrlct court of Yamaguchl Province for protection against creditors. Credit rating agencies estimated its liabilities at around US$5O millionUPI - 71 words
-
359 1978-01-03 5 TERESA LIM - •y TERESA LIM SEMBAWANO Shipping, the new company set up between Sembawang Shipyard and itt parent company Sembawang Holdings, seems set to sail into an uncharted future. Little is known about the company but It remains very special for two reasons. First, It359 words
-
Article213 1978-01-03 5 FT THERE was a substantial Increase in passenger traffic last November through the British Airports Authority's seven airports. The total of 2.4 million was 4.1 per cent up on the same month In 1976. Air transport movements Increased by 8.3 per cent and cargo tonnageFT - 213 words
-
Article637 1978-01-03 5 ARRIVALS Bwrhw Local Opmttr Nnh IUm Prom CAL CPA TMA PAA MAS CAL OIA SIA SIA OIA OIA PAL RBA OIA SIA SIA MAS SIA 8IA OIA LUFT CI 331 CX003 TL303B PA006 MH682 CI806 QA980 SQ103 SQ20S OA944 OA906 PR501 BI325 OA982 SQ240 SQ201 MH684 SQ455637 words
-
-
Page 5 Advertisements
-
Advertisement16 1978-01-03 5 M REDIFFI SION «*»r 100 ft from SO X? to S4 r onh VALUE! f hat16 words
-
Advertisement169 1978-01-03 5 announcement appears as a matter of record only. New Issue December 27, 1977 The Republic of Singapore l Japanese Yen Bonds of 1977 Second Series 15,000,000,000 Japanese Yen 6.7% Bonds Due 1987 The Nomura Securities Co., Ltd. Daiwa Securities Co. Ltd. The Nikko Securities Co., Ltd. Yamaichi Securities Company, Limited169 words
-
-
Article647 1978-01-03 6 TODAY Business Times comes of age. We have not been In business for 21 years, of course, but adulthood Is not a question of time It is a question of maturity. We are proud of the old Business Times which first saw the light of647 words
-
Article, Illustration2363 1978-01-03 6 COLIN CHEE - TAT LEE BANK LIMITED WHAT'S ta a mum? Far uy trw GUmm, > k. It U m coHiHiirs that Tat Lm Buk, Unnnri'i mi rocoatly-eotab-liilwd local buk, NttU a Its —mm —w a ar study. Nor that, om« oh Mm, tho mmmm btmmt a oahfroitrfoso3dorahL2,363 words
-
Article821 1978-01-03 6 PAUL TAYLOR - PRIME MINISTER Lee Kuan Yew somewhat qualified Singapore's welcome for tourism and the substantial revenue it generates when he said in his New Year message, that tourism may act "against our moral scruples for a rugged eleanUving society." Even older hands at the tourism game,821 words
-
Page 6 Advertisements
-
Advertisement116 1978-01-03 6 V 1 sinoapura FORUM ji HOTEL 585 Orchard Road, S'pore 9. Tel: *****2 Pebble Bar Experience 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 Dally (except Sunday) open till116 words
-
Advertisement118 1978-01-03 6 408/407 Havelock Road, S'por* J. Tel: *****1 lon Bar Where beauUful things happen come around to lon Bar for a swinging get together where The Rosebuds Band, Miss Mareeka (from Philippine), Sonny Bala b The New Moonglows, and The HI-Jacks treat you to a lovely evening of great sounds In118 words
-
Advertisement157 1978-01-03 6 Orachid inn "an oatte in Dm odtnT 214 Dunearn Road, S'pore 11. Tel: *****2 Moby Dick (24 Hr. Coffee Hnm) Whet your appetite with our wide variety of Inter-Continental food laid on our buffet lunch table dally from 12.00 3.00 p.m.. Weekdays: Adults $8.00 9% Children M OO 3% Weekends:157 words
-
Advertisement160 1978-01-03 6 V 7 Oxley Rise/ Psubi Road, B'porv 9. Tel: *****1 Chanticleer Reatauraat Discover Singapore's most exciting new restaurant Taste the most mouth-watering masterpieces of European cooking, prepared from only farm-freshest Ingredients. yoUfthoice of great wines and drinks In Chanticleer's unique oklen days atmosphere. Make your own kind of, eating history160 words
-
Advertisement160 1978-01-03 6 SNGAPORE HLTON Ml Orchard Road, B'pope I. Tel: *****3 Top of the Hilton 23rd Floor It's Carnival time with Mulato Brazil a fantastic ten-member dance revue from Brazil. Irresistible rhythms of the Samba and lovely dancing girls wearing colourful carnival costumes from Rio make It in easy-easy-on-the-eye show. Prom beginning160 words
-
-
Page 6 Miscellaneous
-
Miscellaneous135 1978-01-03 6 WEA THER outlook for Singapore from 6 am to noon today: No rain. Outlook from Jan 1 15: the northeast monsoon has slackened and stable atmospheric conditions have developed over most parts of Southeast Asia north of the Equator. It is therefore likely that fair weather conditions will affect Singapore135 words
-
Miscellaneous240 1978-01-03 6 SINGAPORE 5 3.00 PM Opening announcements and Flying Nun (Repeat) 3.30 Oianr of Events (English) 3.35 Horizon What's wrong with the Sun (Repeat) 4.25 Intermission 6.05 PM Opening announcements followed by the Road Runner 6.30 News in Brief 6.00 PM Opening announcements followed by Nature and Science for Children 6.15240 words
-
-
Article674 1978-01-03 7 EUROPEAN COMPLAINTS about the difficulty of understanding the Japanese are many and various I was listening the other day to one locallybased English Investor's graphic Illustration of Just how frustrating "the Japanese experience" can be. even to old Tokyo hands like himself. "You see, I was674 words
-
Article308 1978-01-03 7 SINGAPORE'S PIONEER <mu aps anoars from rag* to richM, lavaaMvaaeaeTS i sasai isfnlosaa Om ytoa| ompuqt lm kn proved thai the mw Singaporean cu da H hut as wall aa the lint g—matieo. Having opaaM tar m—the la name only from a ruhtort office addrooa308 words
-
850 1978-01-03 7 JONATHAN KANDELL - *y JONATHAN KANDELL NYT PARIS: Until a very few years ago, most West European nations did not recognise youth unemployment either as a major problem or as one that should be dealt with separately from adult unemployment. But there are now six million West EuropeansNYT - 850 words
-
Article, Illustration1729 1978-01-03 7 GERALD COLVERD - IT IS Ml to long ago that the United wu An sick mu of Europe. Bat h la rtaldb becoming the flnsuieUlMnrt of the with ite hutfe domestic onorgj production foellin* ite wcwon it looks oot to bo the topperforming economy in Europe if not the1,729 words
-
492 1978-01-03 7 THE VAOARIK8 of the Gregorian calendar have afforded most of us an extra day's holiday before embarking on the buslneaa year 1OT8. Without the slightest hint of envy having worked both Sunday and yesterday it seems to me a pity that we can all492 words
-
Page 7 Advertisements
-
Advertisement402 1978-01-03 7 1 08 -'"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 Rumbta, Singapore 9 Tel: *****6.402 words
-
-
Page 7 Miscellaneous
-
INTERNATIONAL COMPANY NEWS
-
141 1978-01-03 8 NORTH AMERICAN COMPANIES Reuters CHEMICAL Bank has had contacts in the past with the Italian government over a possible loan to Italy and these are continuing. A bank official said he could give no further Information on the loan contacts and pointed out thatReuters - 141 words
-
Article140 1978-01-03 8 Reuters FARMERS Export Company "will honour Its commitments for export grain" despite the explosion at Its large Galveston, Texas, elevator, executive vice president Blchler said. But company officials here declined to comment further on the specific steps the firm will take to meet its commitments. TheyReuters - 140 words
-
1174 1978-01-03 8 NYT THREE Important lawsuits involving millions of pounds of uranium and billions of dollars are inching through federal and state courts In New Mexico. Although final decisions may not come for some time, a critical ruling from the bench on one of the casesNYT - 1,174 words
-
259 1978-01-03 8 AP A FLORIDA citrus organisation has protested a plan by Pepslco, manufacturers of the soft drink Pepsi-Cola, to grow citrus crops In Egypt. United Growers and Shippers Association, based in Orlando, has wired Don Kendall, board chairman of Pepslco, protesting the company's plans toAP - 259 words
-
Article67 1978-01-03 8 Reuter EASTMAN Kodak Co said all US film prices will be increased from 3 to 7 per cent effective with orders received after Jan 25. Prices are aUo being increased for slide projectors and movie equipment. The prices for Kodak's professional black and white, colour negative and colour reversalReuter - 67 words
-
218 1978-01-03 8 AP ABOUT 800 atriking Locklwtd Co aircraft service* war ken voted overwhelmingly to 'accept a company contract offer and end their •even-week walkout, union official* said. Members of InterAssociation of Machinists local 821 approved by 90 per cent what union spokesman Pat Ziaka said isAP - 218 words
-
Article36 1978-01-03 8 G W Reuter GULF and Western Industries said the exchange offer to holders of its 5.5 per cent convertible subordinated debentures due on July 1, 1993 will be extended to 1700 EBT on Jan 6. Reuter.Reuter - 36 words
-
Article185 1978-01-03 8 Cavenham profit hit by strong EUROPEAN COMPANIES Reuter LONDON: Cfcvenham said 1077 sale* and trading profit figures show the effect of substantial devaluations In Spain and Sweden and the strengthening of sterling against overseas currencies which account for about 70 per cent of group turnover. Also certain nonmainstream actlvles haveReuter - 185 words
-
Article125 1978-01-03 8 AP LONDON: The state-run British Aerospace Company announced uut Thursday that Finland is to buy 50 British Hawk trainer jet planes worth a total of about £100 million. The planes are built by Hawker Siddeley Aviation, now part of British Aerospace following nationalisation of theAP - 125 words
-
Article120 1978-01-03 8 Reuter NEW YORK: Imperial Chemical Industries (ICI) of Britain said it has filed a registration statement with the Securities and Exchange Commission covering a proposed US offering of U8»150 million of 25 year guaranteed sinking fund debentures. ICI said the debentures will be issued by its ICIReuter - 120 words
-
Article87 1978-01-03 8 PARIS: The European company for the financing of railway rolling stock (Eurofima) plans to issue a US$4O million 10-year bond on Jan 12, 1978, Joint lead managers Smith Bamey, Harris Upham and Co Incorporated and Credit Suisse White Weld said in a statement issued here. The bonds87 words
-
132 1978-01-03 8 Reuter LONDON: Harrisons and Crosfleld and Harcros Investment Trust said terms have been agreed whereby Harrisons will make an offer for the 1,528 million stock units of 10 pence each (80.3 per cent) in Harcros not already owned by Harrisons. The terms of theReuter - 132 words
-
Article137 1978-01-03 8 Reuter LONDON: British Petroleum Co said in partnership with Total Oil Marine and Ste Nationale Elf Aquitalne it completed operations on and abandoned North Sea exploration well 14/14-1 about 24 to 32 km north of the Claymore field. Oil shows were encountered but a companyReuter - 137 words
-
Article47 1978-01-03 8 BRUSSELS: Petrofina said gas and condensate production has begun on the Cod field some 80km north-west of Ekofisk In the Norwegian sector of the North Sea. Production will increase progressively to an annual 400,000 tonnes of condensates and 900 million cubic metres of gas, Petrofina said.47 words
-
1185 1978-01-03 8 NYT NEW YORK: One day this month, John Schumacher, the former US$2OO,OOO-a--year president and chief executive officer of the Bonwlt Teller chain, is scheduled to appear berore a three-member arbitration panel and tell how he was ousted from his Job on lessNYT - 1,185 words
-
Article707 1978-01-03 8 NYT LONDON: Madame Tussauds, the waxworks that attracts almost as many London tourists as the Victoria ft Albert Museum and the Tate Gallery combined. Is up for grabs. But tne prosperous Madame, who once turned a deaf ear to P.T. Bamum, doesn't like It aNYT - 707 words
-
-
Page 8 Advertisements
-
Advertisement380 1978-01-03 8 3 4' U U rs m THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn. For within the GREAT BOOKS are, volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built democracies, withered tyrants, opened new380 words
-
-
MARKET REVIEWS
-
Article, Illustration508 1978-01-03 9 NEW YORK DURING the year the behaviour of the New York Stock Exchange was most disappointing. Interrupted only by occasional reactions, the market came a long way down with the Dow Jones Industrial Average dropping from Its 1977 high of 1,007 on Jan 3 to 831.17 at year's508 words
-
Article586 1978-01-03 9 LONDON WHILE Wall Street underwent its bearish spell, the London market made very steady headway to finish the year on the plus side. During the 12 months the Financial Times Industrial Index moved from Its year's low of 360.6 on Jan 3 to the peak of586 words
-
Article, Illustration254 1978-01-03 9 SYDNEY THE Australian stock market proved very volatile during the year with the Sydney all ordinary index swinging below the 450point level for the greater part of the year, reflecting the rather uncertain conditions prevailing in the country. Some of the market factors affecting sentiment were the uncertainty254 words
-
Article, Illustration287 1978-01-03 9 JOHANNESBURG AFTER a three-month-long decline, the Johannesburg stock market rallied strongly in the latter part of the year and closed near Its 1977 high. There has been no change on the political front but the financial scene looks very encouraging enough to get the market behaving In287 words
-
Article, Illustration1145 1978-01-03 9 CHAN BONG SOO - SINGAPORE STOCK market* experienced a mixed year in 1977. Some lucky investors ended the year in profit while the not so lucky ones found themselves in the red. CHAN BONG SOO takes a look at the fortunes of the world's stock markets1,145 words
-
Article, Illustration322 1978-01-03 9 TOKYO ACTIVITY on the Tokyo Stock Exchange last year was punctuated by two peaks one In the second quarter of the year and the other In the third quarter. During the early part of 1977, snares moved erratically within 12 points of the Tokyo New322 words
-
Article577 1978-01-03 9 HONGKONG THE ONCE high-flying Hongkong stock market founded off 1977 on a pessimistic note with the Hang Seng index closing at Its year's low of 404.02. This represented a drop of nearly 20 per cent from 451 points on last Jan 3. Dealers said operators577 words
-
Article, Illustration542 1978-01-03 9 FRANKFURT WEST OERMAN share prices which have gained over 8 per cent last year, should rise further In 1978 although the pace of the future gains Is virtually impossible to gauge. In the autumn share prices spurted from their summer lull to within 3 per cent542 words
-
-
Page 9 Advertisements
-
Advertisement14 1978-01-03 9 The Love of inese ooking > f < A *Si sk i ■T-' T\ Kenneth Lo14 words
-
-
Sizing up performance of the top 100
-
Article1351 1978-01-03 10 LARGEST 100 companies quoted on the Stock 1 Exchange of Singapore, listed by Business Times In order of market capitalisation. Column I: Market value In 9 million. Column n: Number of shares Issued In million. Column ID: 1977 high and low Column JV: Par value Column V:1,351 words
-
Article1631 1978-01-03 10 THE leading 100 companies In Malaysia and Singapore, listed by Business Times, In order of consolidated —t Column I Column II Column in Column IV Column V L/R Consolidated assets In 8 million Group pre-tax profits In 8 million Paid-up caDltal in million Reserves In 8 million1,631 words
-
Article683 1978-01-03 10 ARTHUR NG - •y ARTHUR NG AT THE turn of 1977, there has been a near-20 per cent reshuffle in the positions of the leading 100 companies listed on the Btock Exchange of Singapore with the top spot going to Malayan Banking. What won Malayan Banking (MBB) the683 words
-
738 1978-01-03 10 Associated Mines and Anglo Oriental. THE rather disappointing news for shareholders of Malayan Tin Dredging Is that It may be difficult for the company In the current year ending June 30, 1978 to match the profit made In the 1976/77 financial year. Admittedly, the 1978/77Associated Mines and Anglo Oriental. - 738 words
-
-
Page 10 Advertisements
-
Advertisement151 1978-01-03 10 Don't let the language barrier stop you from wider r Of. f < contacts t jk.M I 9 V ■fij r A \N P* 1 o° vO vN t* «a \\O a v^xe 'MIMH o A '4 ris <■ 5* Lv s i Of i i*. iii i ii ii151 words
-
-
COMPANY NEWS
-
Article345 1978-01-03 11 Current Wl b Date Date payable Total far the year Total hr Metal Bex S'pore S'pore Land Petaling Tin T Harbour 10% 9% 62 5% 25% Nov 29 DecS Nov 29 Jan 4 Jan 4 Jan 5 Jan 6 17% 5% 80% 29% 9% 12.5% 12.9% Sciufor Dndfiif345 words
-
499 1978-01-03 11 D C Nomura increases its equity to M$5m D C NOMURA Merchant Bankers, which Is owned 51 i per cent by Development 1 and Commercial Bank Bhd, i has increased its paid-up l capital by Ms 2 million to $5 million. Mr K. Katayama, the j .bank's general manager, said499 words
-
166 1978-01-03 11 COMPUTER Forms of Singapore is to lake over the business formerly done through Toppan Moore Paragon (S.E.A.). Toppan Moore Paragon is a subsidiary company of Toppan Moore Business Forms Co of Tokyo, which has acquired a shareholding in Computer Forms. The new arrangement, a166 words
-
1582 1978-01-03 11 MANO SABNANI - Cycle Carriage expects further improvement iy MANO SABNANI AFTER a record breaking 'performance last year, Cycle and Carriage Is hopeful of a further improvement in both sales and profits for the current year ending Sept 30. 1978. Chairman Mr. Chua Boon Peng says in the latest annual report that the1,582 words
-
Article749 1978-01-03 11 GOH HIANG FONG - By GOH HIANG FONG THE Stock Exchange of Singapore has Introduced a new share option scheme which pegs the striking prices at 15 per cent below the prices of underlying securities prevailing at the close of trading on Dec 30, 1977. The new scheme, which the SES terms749 words
-
Article, Illustration104 1978-01-03 11 MALCOLM J. Kerr (above) has been named general manager of sales for Hewlett-Packard Singapore. Mr. Kerr replaces Mr Herbert Rost who held the Singapore position for the past 2to years and has been reassigned to HP's subsidiary in West Germany. Mr. Pete Rabtliii, who has been area104 words
-
COMPANY MEETINGS
-
Article20 1978-01-03 11 The following company meetings are due: Jan 7 at 6, Tambun Road, Ipoh at 10.30 a m20 words
-
Article19 1978-01-03 11 Jan 12, 1978 at Its registered office, 25 Beach Street, Penang. Malaysia at 12.30 p.m.19 words
-
28 1978-01-03 11 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
-
-
-
Page 11 Advertisements
-
Advertisement1044 1978-01-03 11 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,1,044 words
-
-
665 1978-01-03 12 LAST year saw continued growth In demand for petroleum products, resulting In higher exports and more petroleum products consumed domestically, particularly marine bunker. Refineries here consequently enjoyed a higher throughput which has even exceeded the volume processed in pre-oll crisis days. The Singapore International Cnamber665 words
-
187 1978-01-03 12 CHINA will increase Its export of oil and other products to buy advanced equipment from other countries. A senior member of the State Planning commission told the New China News Agency yesterday, "We do not practise autarchy by locking our doors against the187 words
-
Article646 1978-01-03 12 MR. KIM Woun Ole, the governor and chairman of the Korea Development Bank, (KDB) will be In Singapore from Jan 21 to 25 for the official opening of the bank's representative office here. KDB's office here, In operation since early last year, will open646 words
-
966 1978-01-03 12 LEONARD CURRY - By LEONARD CURRY UPI THE Carter administration believes the 1978 economy will be good, if business shows some confidence. Unfortunately, business says It has no reason for confidence In a souring economy. The truth seems to lie along with the hopes of consumers andUPI - 966 words
-
260 1978-01-03 12 AFP THE iwitilletaeti ta foralga bwIMHMi u the m regulation providing fir the transfer of all hrdgi trad* and distribution to hiwwriia Mapuin com— lata km. Trad* Minister Radius Prawira ku dscidsd Mt to issue any am import aad export licences sines foreignAFP - 260 words
-
Article, Illustration1205 1978-01-03 12 JOHN TAN - short; reaction time h JOHN TAN THE Interdependence of the International economies leaves Singapore open to external developments, and this complex situation tends to cut down the time which It can enjoy to react to events on the outside. This vulnerability will not be1,205 words
-
Page 12 Advertisements
-
Advertisement259 1978-01-03 12 V. 'Hi po The three bosk needs and the three ports of Britoonkn 3 1. To get at tIM facts often a single fact eeaMy and quickly, without haying to raed a long artida m which that fact it embgddad. This need it tarved by tha 10-*oluma Micropaedia. or Rtady259 words
-