The Business Times, 13 December 1977
1977-12-13
1
12
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The Business Times
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Title Section10 1977-12-13 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, DECEMBER 13, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article82 1977-12-13 1 AP TOKYO, Mon. US Ambassador Mike Mansfield today described US-Japan relations as "in a crisis period" and said that unless bilateral trade differences are settled within 60 to 90 days the situation may get out of hand. The former majority leader of the US Senate made this assertionAP - 82 words
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Article74 1977-12-13 1 Reuter TOKYO, Mon. Japanese Economic Affairs Cabinet Ministers today agreed that Japan's real gross national product growth rate In the current fiscal year, ending next March, was now likely to be 5.3 per cent, down from the official government target of 6.7 per cent. The agreement came whenReuter - 74 words
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Article59 1977-12-13 1 Reuter TOKYO, Moil. Foreign Minister Sunao Sonoda said today that Japan should Increase its efforts to cooperate with all South-east Asian nations, including the communist countries of Indochina, in their nation-building. "I believe it is the duty of Japan as an advanced country in Asia to stabiliseReuter - 59 words
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Article56 1977-12-13 1 Reuter TEHERAN, Mon. The Central Bank of Iran announced It adjusted buying and selling rates for the rial against the US dollar to 70.35/ 70.60 from 70.50/ 70.75 previously. The bank cited the continuing decline in the value of the US currency on International foreign exchange markets asReuter - 56 words
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Article58 1977-12-13 1 AP LONDON, Mon. Mr. Freddie Laker, creator of the cut-rate London-New York Skytrain Air Service, said today his airline has applied to operate a similar Skytrain service between London and Los Angeles. The proposed fare is less than half the present cheapest scheduled winter economy fareAP - 58 words
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Article30 1977-12-13 1 Reuter JAKARTA, Mon. Indonesia's non-oil exports will rise to about US$3.3 billion (Ss7.B billion) this year from $2.8 billion in 1976, according to Trade Minister Radius Prawiro. Reuter.Reuter - 30 words
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Article61 1977-12-13 1 LABUAN, Mon. Sarawak Shell will have Its largest offshore oil drilling platform Installed near Mlrl this month. The area manager of Brown and Root, the company which fabricated the massive steel structure, said the eight-legged Jack-up, weighing 1,600 tonnes, was launched from the fabrication yard last month and61 words
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Article59 1977-12-13 1 Reuter MADRID, Mon. Spain introduced new measures today to cut energy consumption as part of a general austerity programme. A royal decree said fuel supplies for home heating will be reduced next year by 10 Der cent Public buildings will be heated only durlhg working hours and theReuter - 59 words
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Article48 1977-12-13 1 UPI NEW YORK, Mon. Stocks headed higher early today in fairly active trading. The Dow Jones industrial average was ahead 1.39 points to 816.62 shortly betoFe llTm Ad C i e U f nUmbered declines 564 to 420, among the 1,473 issues crossing the tape. UPI.UPI - 48 words
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Chief Price Changes
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Article, Illustration161 1977-12-13 1 PRICES generally took a dip and trading remained at one of its quietest levels for the year on the Stock Exchange of Singapore yesterday. The easy conditions clipped 3.32 points off the Business Times index to 474.76 while the Straits Bhare inde eased 0.25 point to Foils161 words
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Article1167 1977-12-13 1 JOHN TAN - FEARS FOR ELECTRONICS INDUSTRY By JOHN TAN SINGAPORE stands to be hurt a great deal if labour leaders In the US succeed In pushing through protectionist proposals covering consumer products. Nearly three quarters of the output of the micro assemblies and integrated circuits industry the1,167 words
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Article171 1977-12-13 1 AP CHARLOTTE (North Carolina), Mon. The American textile industry is ending the year in good condition after a year of record shipment, but the outlook ahead is clouded by rising imports, possible tariff cuts, stiff regulatory actions and uncertainty about energy. President of the American TextileAP - 171 words
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394 1977-12-13 1 SINGAPORE and the United States were the only two of Hongkong's 10 major trading partners which bought more goods of all kinds from the colony in the first 10 months of this year. US total purchases were worth HKSII.2 billion (555.7 billion), up394 words
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Article167 1977-12-13 1 Reuter HONGKONG, Mon. Consultations have started on the future of restraints on Hongkong textile exports to Sweden and Norway. Hongkong's chief textile negotiator, Lawrence Mills, said the talks on separate restraint agreements with Sweden and Norway which will expire at the end of 1977, will last forReuter - 167 words
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324 1977-12-13 1 LOCAL shippers yesterday came out with the strongest call yet for government Intervention to counter the monopolistic practices of conference lines. Describing as "rldlcu-. lous" the policy of main-' talnlng an open and libera; policy In shipping, the Singapore National Shippers' Council said that such324 words
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311 1977-12-13 1 A SINGAPORE company hat signed a protocol with North Korea on oil exploration rights. Asia Exploration Consultants, a subsidiary of Exploration Consultants of London, signed the tentative agreement with the state-run Korea Industrial Technology Corporation sometime last month. With the agreement,311 words
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458 1977-12-13 1 Reuter KUALA LUMPUR, Mon. Hopes rose today for an early settlement to the dispute which has threatened to stop Concorde's new supersonic service to the Far East after only three flights between London and Singapore. Malaysia's Minister of Communications, Tan Sri V. Manlckavasagam saidReuter - 458 words
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Article108 1977-12-13 1 FAR EAST-Levingston Shipbuilding (FELS) has succeeded In securing two more contracts worth around $35 million in the past two weeks. According to a FELS spokesman, one of the contracts Is for the building of a flotel (an accommodation barge of 220 peopleffor a Hongkong company. The other108 words
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Page 1 Advertisements
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Advertisement67 1977-12-13 1 Wiyfoong A lending hand when Wayfoong Mortgage you need and Finance (Singapore) Limited It ITIOSt Shaw House Ground Floor. 354 Orchard Road, Singapore 9. Tel: *****7. SEE THIS PAGE SEE BACK PAGE Overseas New*/ TV Oversees Stocks -P7 R*dio -P2 Commodities -P« r> Transport ft CommuniNew^Crosswords -P3 cations _p« Local67 words
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Advertisement49 1977-12-13 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant 4 w UOJ tEij HEnRV nnc dgeikies pte. ltd —-_J 9 LENG 'EE ROAO. SINGAPORE j TEC 6 r>,'< BRUNEI AGENT RELIANT DISTRIBUTORS 44 B JALAN CHEVALIER BANDAR SER I BEG A /VAN BRUNEI TEL *****49 words
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Advertisement81 1977-12-13 1 u-mx COMP^T^OPYN^YST^ APS ELECTRONICS (PRIVATE) LTD SINOAPOhC'Tw *****4 (5 lir*s> APS ELECTROHJCS (M) SDN BHD KUALA LUMPUfI Tel 03-*****0 A ARAB-MALAYSIAN DEVELOPMENT BANK BERHAD announces the acquisition of THE MALAYSIA INDUSTRIAL FINANCE CORPORATION BERHAD The company is now a subsidiary of the Bank and is now known Arab-Malaysian Finance Berhad81 words
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OVERSEAS
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1090 1977-12-13 2 NYT NEW YORK, Mon. On the face of it, aluminium production in the United States already 31 per cent of worldwide output is on the launching pad. Demand for the lightweight metal Is strong, prices are keeping pace and the profit outlook for theNYT - 1,090 words
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Article380 1977-12-13 2 NYT NEW ORLEANS, Mon. Nearly 400 philanthropists and representatives of the organisations they support met In New Orleans last week to discuss the US$32 billion (SS76 billion) that Americans will give away this year and how to collect and spend it more lyAt its 23rdNYT - 380 words
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549 1977-12-13 2 AP STOCKHOLM, Mon. Sweden's flrsrc non-socialist government In four decades is nearlng a showdown over Its most crucial the future of nuclear energy. Political analysts say It will require a near miracle to avoid an acute government crisis by the end of thisAP - 549 words
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289 1977-12-13 2 AP WASHINGTON, Mon. CIA predictions that the Russians soon will need to import oil are partially substantiated in a US geological survey of Soviet reserves that was announced yesterday. The West Siberian Basin, an oil reserve lying below the frozen tundra, hundredsAP - 289 words
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692 1977-12-13 2 NYT WASHINGTON, Mon. If the nation-wide demonstrations culminating in a strike by some farmers next Wednesday have any effect at all, officials here believe it will be more political than economic. Many farm states' Congressmen have proclaimed their sympathy with the strikers' goal ofNYT - 692 words
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Article566 1977-12-13 2 NYT WASHINGTON, Mon. The Carter Administration, on the basis of a nearly completed lnter-agency study. Is moving towards tighter restrictions on the export of manufacturing technology of potential military significance, officials report. The government has sought to control such technology by controlling products that mightNYT - 566 words
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653 1977-12-13 2 AP BRASILIA, Mon. Brazilian coffee and sugar magnate Jorge Atalla, recently named by Fortune Magazine as the "man of the year," is taking some hard knocks in Brazil. The 49-year-old entrepreneur, worth USSI.3 billion (Ss3 billion) according to the US business magazine, is beingAP - 653 words
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282 1977-12-13 2 Reuter LONDON, Mon. Britain's firemen strike entered a crucial fifth week today with the men having to make up their minds on a three-stage pay offer which does not meet their demand for a 30 per cent rise now. The offer, which hasReuter - 282 words
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Article111 1977-12-13 2 AP TRIPOLI, Mon. Tens of thousands of Egyptian workers have left this radical oil-rich nation In the past six months, caught In a crossfire between Colonel Muammar Gadaffi and Egyptian President Anwar Sadat. About a half of the estimated 250,000 Egyptians in Libya are estimated to haveAP - 111 words
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986 1977-12-13 3 Washington Star WASHINGTON, Sun. Carter Administration officials know what they are doing and where they are heading in conducting economic policy, but they realise that the public Is not so sure. Consequently. Administration soon will make an extra effort to explain Itself.Washington Star - 986 words
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473 1977-12-13 3 NYT NEW YORK, Mon. Adverse publicity about the plight of developing nations particularly those heavily dependent upon imported fuel appears to be a factor in the depressed prices of bonds of the International Bank for Reconstruction and Development. As a result, these World BankNYT - 473 words
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134 1977-12-13 3 AFP NEW DELHI, Mon. A US$l billion (552.4 billion) fund will come into operation next week to provide interest-free finance for the development of agriculture inputs all over the world. Dr. John Hannah, executive director of the World Food Council, said this in theAFP - 134 words
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Article26 1977-12-13 3 HONOKONO, Mon. A Cuban trade delegation led by External Trade VlceMlnlster Manuel Seoane, arrived in Peking yesterday to negotiate a new bilateral trade agreement.26 words
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225 1977-12-13 3 AP BONN, Mod. The International North-South Commission on Development Issues agreed in its inaugural session here that the traditional concept of foreign aid is obsolete, chairman Willy Brandt said yesterday. The development gap between rich and poor nations can only be cloeed byAP - 225 words
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749 1977-12-13 3 NYT NEW YORK, Mon. A picture of moderate economic growth for the industrialised world in 1978 has been painted by a blue-ribbon panel of American economists and analysts assembled by the Conference Board. One common theme running throughout the study, released for publication today,NYT - 749 words
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1246 1977-12-13 3 CENTRAL BANK GOVERNORS MEET NYT Reuter BASLE, Mon. Bankers and foreign exchange dealers the world over will be closely watching the two-day meeting of central bank governors which opened here today for any sign that new steps are planned to bolster theNYT; Reuter - 1,246 words
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Article321 1977-12-13 3 Reuter LONDON, Mon. The UK central government borrowing requirement was 11.08 billion (554.7 billion) in November compared with CB4B million In November 1976 and net repayments of £63 million In October this year. The Treasury said Interest payments increased In November, reflecting the large amount ofReuter - 321 words
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Page 2 Advertisements
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Advertisement124 1977-12-13 2 Near the new fly-over at Bukit Timah/Farrer/Adam Road junction At 4 1 /2 miles Bukit Timah, opposite Chinese High School. 356 FIRST CLASS RESIDENTIAL AREA SRACIOUS GARDEN Most Ideal And Luxurious Treat yourself to the Refreshing atmosphere Split-level garden Houses beautiful greenery and with continuous cool and On Hill-top Land124 words
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Page 2 Miscellaneous
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Miscellaneous325 1977-12-13 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Dec 12 at Singapore airport. Maximum Temperature 30.6° C Associated Humidity 72 Minimum Temperature 23.2° C Associated Humidity 100 Hours of Sunshine 7.10 Rainfall in Millimetres trace Total Rainfall for the Month 101.8 Total Rainy Days for the325 words
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Page 3 Advertisements
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Advertisement26 1977-12-13 3 announcement appears as a matter of record onfy. Keppel Shipyard Limited, Singapore USS26,OOQOOO Fixed Rate Term Loan Provided by Bank of America NT SA Singapore Branch26 words
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Page 3 Miscellaneous
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Miscellaneous605 1977-12-13 3 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Flbwer freshness (5) 8 It can be travelled by the Low Road (5) 9 It's light coloured (7) as a mere daub (5) 2° stretch UP the river (5) 12 Back with Isaac (5) 13 A pointed reply (7) !5 J?, e 5605 words
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COMPANY NEWS
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Article, Illustration983 1977-12-13 4 ARTHUR NG - By ARTHUR NG A SHARP downturn In trading activities suffered by the Industrial Electronics and Engineering company In Its second half year has pared group earnings considerably for the full year ended March 31, 1977. Group sales achieved in the October-March period came to983 words
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Article420 1977-12-13 4 AT Kuala Kampar Tin Fields and Kramat Tin Dredging two of the smaller units of the London Tin stable, improved prices and ore production have pushed earnings to considerably higher levels for the first six months of the year ended September 1977. However, at Kampong420 words
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Article390 1977-12-13 4 Current Ex Date Total for Total for payment Data payable the year previous year PMC 7.5% Nov 23 Dec 13 7.5% 17.5% Riverriew 9% Nov 18 Dec 14 9% 20% Tuck Cement 7"i%(J) Oct 26 Dec 17 12.5% Mineral Securities 10% Dec 1 Dec 19 20% 12.5% Toshiba390 words
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Article1626 1977-12-13 4 NICHOLAS LESLIE - NICHOLAS LESLIE in London describes how one company introduced a detailed marketing and forecasting procedure designed to cope with the peaks and troughs of a sharply fluctuating business. NICHOLAS LESLIE FT WHILE public attention has focused on the collapse of Bond Worth and other carpet manufacturers,FT - 1,626 words
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Article661 1977-12-13 4 NEW YORK: Wall Street's Inspired marketing men keep turning out new Investment vehicles at almost the same rate that Detroit stamps out new model cars or maybe faster. The newest product, out of the Merrill Lynch, Pierce, Fenner and Smith foundries, for example, Is an unusual form661 words
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274 1977-12-13 4 ALLIED Chocolate yesterday announced that it has relinquished its stains in two associate companies, P.T. General Food Industries of Indonesia and General Consolidated of Hongkong to Indoneeian shareholders in both companies. According to a Router report, Hongkong-based Allied Food Industries (Far East)274 words
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Article29 1977-12-13 4 Mr. Goh Ee Tiong has been appointed to the board of Bolter and Simon as director in charge of sales with effect from Jan I, 1978.29 words
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Page 4 Advertisements
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Advertisement552 1977-12-13 4 f SCOTT FTTZGtRALD 111 ItM P«(S f *v*ff mIM i. o» hc* i> **XX> X 'V* TH*?*", O olm THE IMPERIAL ACHIEVEMENT This months new Penguins The Last Tycoon: F. Scott Fitzgerald Exhausted by Hollywood hackwork, Fitzgerald died before he could complete the book that many people regard as his552 words
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INTERNATIONAL COMPANY NEWS
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630 1977-12-13 5 ASIAN COMPANIES THE chairman of Hawker de Havilland Australia, Mr. Hollo Kingsford-Smith, said yesterday in Sydney that a new company. Hawker Pacific, is to be formed on Jan 1 next year to take over the growing distributor, agency sales and product support business that630 words
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Article735 1977-12-13 5 FT THE drama over Hitachi's plans to set up television manufacturing plant in the UK has had a most embarassing finale from the government's point of view. The reason is that about a year ago Department of Industry officials more or less promised Hitachi that permission to comeFT - 735 words
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Article1302 1977-12-13 5 The and UK exports FT A SERIES of export conferences held all over Britain over the past 18 months has been aimed at getting down to the roots of Britain's chronic inability to hold her competitive position in world export markets. Discussion at these conferences, held during an extended ExportFT - 1,302 words
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146 1977-12-13 5 EUROPEAN COMPANIES Rruter GENERALE Occidentale expects an average 20 per cent annual rise in its dividend following the growth in profits, company chairman James Goldsmith said. The company paid an unchanged total dividend of 8.25 francs including 2.75 tax rebate for the year ended JuneRruter - 146 words
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211 1977-12-13 5 Reuter THE Distillers Whisky Company has said its dual pricing policy, expected to be banned by the EEC,was necessary to counter tax discrimination on whisky sales by some of Britain's Common Market partners. At present Distillers sells whisky for consignment to Britain for 50 penceReuter - 211 words
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Article146 1977-12-13 5 Reuter THE British Government will have to pay CIO million towards losses made by Chrysler UK in 1977, car industry analysts said. The government agreed under the terms of the C 162 million "rescue" of the company two years ago to pay up to CIOReuter - 146 words
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Article61 1977-12-13 5 Reuter THE European Investment Bank said it granted Ireland a loan worth 26 million European units of account to help expand the country's telecommunications system. A statement issued here by the bank said the loan, repayable over 20 years at 9.6 per cent followed similar loans worth 150.5 millionReuter - 61 words
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Article92 1977-12-13 5 NORTH AMERICAN COMPANIES Reuter NEW YORK Stock Exchange said its directors formally approved a comprehensive plan for creation of the proposed intermarket trading system. The other system participants. the American, Boston. Pacific and Philadelphia exchanges, will also submit the plan to their boards, it said. InReuter - 92 words
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Article82 1977-12-13 5 Reuter THE US$l4O million purchase by Alcan Alurrrtnium Corp of Revere Copper and Brass facilities in Scottsboro. Alabama was barred by a federal court order in Manhattan. Alcan is the American subsidiary of Alcan Aluminium of Montreal. Judge Robert Carter signed a temporary restraining order soughtReuter - 82 words
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237 1977-12-13 5 AP TELERATE Systems, Dow Jones and Co, and the Associated Press have reached an agreement under which Telerate's computerised money market information service will be distributed outside North America. The Telerate service will be marketed through APDow Jones, which is jointly operated outsideAP - 237 words
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Article74 1977-12-13 5 UPI CHAIRMAN Henry Ford II has announced that the Ford Motor Co will spend a record US$2.5 billion throughout the world on plant and equipment in 1978. Mr. Ford said the most ambitious capital spending programme In the company's 75-year history will b«- the first phase ofUPI - 74 words
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Page 5 Advertisements
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Advertisement244 1977-12-13 5 "We're here to stay... iL'/ 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 invest244 words
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Article2323 1977-12-13 6 1*77 High Low CwMaay Last Sale ♦crGr'» div Div C'tt Gr's Net y'M P/E Vol Day C000) High Low SECTION ONE INDUSTRIALS 154 204 116 246 88* 205 169 259 422 146 134 Acma 165 Alcom 58 Allied Choc 212 Bat* 57* Ben 155 Boustead 152 Bousteadco2,323 words
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Article, Illustration452 1977-12-13 6 PRICES moved easier in quiet trading at the Stock Exchange of Singapore yesterday. The brief rally seeir last Friday on short-covering account was not sustained and subsequent lack of support in many counters led to this decline. According to market observers, easier tendency noted was attributed to short-selling452 words
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Article1343 1977-12-13 6 BID and offer prices officially lilted and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board1,343 words
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Article41 1977-12-13 6 STKIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of oplions traded shown in brackets. C and C (March $2.30) (0.268)41 words
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Article159 1977-12-13 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' price* for Dec 13) (Current price*) The C oin merer 1.77 1.88 INCOME BOND 1.09 1.15 The Saving Fund S pore Prog Fund S pore Security Fund S pore Invest Fund 1 06 084 I 63 0.02 1.12 0.89 1.73 1159 words
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Article168 1977-12-13 6 both 1/2% mi (loo.ooo) (100 SB 101HS) B O T 7 5/8% 1984 (100,000) (96 3 <B 97'/»S) B O T Floating 19K4 (100,000) (98' iB 99'*S) LTCB J 1982 (100,000)(98HB 99 J »S) Credit Lyonnais Floating 1983 (100,000) (97*,8 98'xS) DBS Converts 6 1/2% 1991 (100.000) 96%.5)168 words
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Article129 1977-12-13 6 Rep Spore D Mark 7% 1982 (100,000) (102'*B 103'xS) Rep Spore 6 1/2% 1983 (100,000) (1028 103S) Rep Spore 7 3/4% 1987 (100,000) (99H8 100'xS) Hokushin Electric Converts C 3/8% 1992 (100.000) (9758 98* t s) C Itoh 8 1/8% 1984 (100.000) (9758 97SS) 4 3/4% 1/5/79 (250,000)129 words
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Page 6 Advertisements
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Advertisement111 1977-12-13 6 sinQapura FORUM 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 till 2.00 a.m. Coffee111 words
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Advertisement121 1977-12-13 6 406/407 Havelock Road, B*pore 3. Tel: *****1 lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where The Rosebuds Band, Miss Mareeka (from Philippine), Sonny Bala The New Moonglows, and The Hi-Jacks treat you to a lovely evening of great sounds in Just121 words
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Advertisement151 1977-12-13 6 Orachid inn 214 Dunearn Road, 9'pore 11. Tel: *****2 Moby Dick (24 Hr. Coffee House) 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 3% Children $6.00 3% Weekends: Adults $10.00 +3% Children $7.00 3%151 words
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Advertisement126 1977-12-13 6 Cockpit lotrl 6/7 Oxley Rise/ Penang Road, S'pore 9. Tel: *****1 Dragon Palace Restaurant Experienced Hong Kong chefs to bring you the best in Cantonese cuisine. Economy menus for lunch are prepared to cater for 4, 6 or 8 persons. But for a truly grand function, let our special menus126 words
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Advertisement161 1977-12-13 6 m 9NGAPORE HLTON Ml Orckard Road, B'pore 9. 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 an easy-easy-on-the-eye show. From161 words
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619 1977-12-13 7 NYT LONG BEACH. California: A long deadlock over the controversial plan of the Standard Oil Company (Ohio) for a terminal here to handle Alaskan crude oil may be nearlng an end, according to government and industry sources. The two sides in the disputeNYT - 619 words
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Article, Illustration1968 1977-12-13 7 JOHN ELLIOTT - By JOHN ELLIOTT FT WITH its successful 120 million take-over bid for most of the engineering interests of the ailing Fairey aviation and engineering group, the National Enterprise Board has thrust itself into its first major controversy since Mr. Leslie Murphy took overFT - 1,968 words
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INTERNATIONAL STOCK MARKETS
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Article390 1977-12-13 7 HONGKONG: The market was dull with leading shares generally easing slightly yesterday, dealers said. The Hang Seng Index fell 1.38 points to 417.77. Turnover was boosted by HKS2S million of ln-house trades by a leading broker In a variety of blue chips, but these had little effect on prices,390 words
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Article473 1977-12-13 7 TOKYO: Share prices 'closed lower in limited trading with investors awaiting developments on US-JaDanese trade talks .scheduled to begin In W&shlngi ton yesterday, dealers said. The Dow Jones average fell 20.39 to close at 4.808.97 with volume of 130 million shares. The New index closed at 358.36 down 0.93.473 words
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Article444 1977-12-13 7 SYDNEY: Uraniums posted strong gains yesterday, leading minings advanced but some industrials declined following the Fraser government's election win. dealers said. The Sydney All-ordinaries rose 2.55 points to 456.28. Queensland Mines gained 50 cents to AS2 60. Kathleen rose 25 to SI 75. Peko gained 36* cents to 5.40444 words
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Article186 1977-12-13 7 MANILA: The market closed mixed yesterday with oils gaining slightly while mining and commercials declined, dealers said. Turnover fell to 3.64 million pesos from Friday's 4.93 million. Marcopper lost one point while oUier mining issues were about steady Phil Overueas rose two points while Local Trana-Aaia was down by186 words
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Article208 1977-12-13 7 AFP HONGKONG: Madison Securities and its subsidiary Hongkong Barge announced holding of annual meetings later this month but said that matters on the agenda would not be discussed that day. In separate newspaper' announcements the companies set Dec 30 as the date for their annual meetings butAFP - 208 words
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Article109 1977-12-13 7 Reuter A FIRE, apparently deliberately started, destroyed a warehouse containing foam rubber and other highly inflammable materials at a Flat plant In Turin. It was the fifth case of suspected arson at Flat this year, and the most serious. Company officials put the initial damage at moreReuter - 109 words
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Page 7 Advertisements
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Advertisement369 1977-12-13 7 1 V BM f HOTEL PHOENIX SINGAPORE Orchard/Somerset Roads. Singapore 9 Tel: *****6. 0 HOTEL PREMIER 22 Nassim Hill. Singapore 10 Tel: *****11. PENINSULA HOTEL Coleman Street. Singapore 6 Tel: *****1. QUEEN S HOTEL 24 Mount Elizabeth, off Orchard Road. Singapore 9. Tel: *****8 RAFFLES HOTEL 1-3 Beach Road, Singapore369 words
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Advertisement13 1977-12-13 7 4 BLMK^ A perfect complement to arty meal, 3oS««R M r-/. m Jm13 words
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COMMODITY REPORTS AND PRICES
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Article206 1977-12-13 8 OPENING quotations, on the Singapore rubber market yesterday, were marked down 2.75 cents following weaker London advices and prices eased slightly further on some stop-loss selling, dealers said. Trading was generally quiet, Influenced by the closure of the Malaysian market, they said. The morning session206 words
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Article18 1977-12-13 8 Rubber: Dec 12 Singapore: January 200.25 cents (down 3.00 cents) Malaysia: Market closed Tins: Market closed18 words
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Article282 1977-12-13 8 TRADING was quiet and generally steady at the Singapore produce market yesterday. Business transacted was at a minimum and confined to local dealers on switch accounts. All commodities were quoted unchanged from their previous levels by the Singapore Chinese Produce Exchange. However, copra and coconut oil were being282 words
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Article189 1977-12-13 8 Prices in cents per kilo yesterday s Noon Close (per kilo) (per kilo) A Buyers Sellers Buyers Sellers Int. 1 R S.S prompt f o b. 199 00 200 00N 199 00 200 00N Int 1 R.S.S. Jan 1978 200 25 200 75 200.25 200 75 Int 1189 words
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Article69 1977-12-13 8 SOON SSR and SMR prices yesterday: HAS January February (Current Mth) (Forward Mth) Buyer* Seller* Buyer* Seller* (cent* per kg) (cents per kg) SSR 20 (I-ton pallet) 194 .00 196 00N 195 00 197 OON SSR 50 (1-ton pallet) 192.00 194 00N 193.00 195 OON SMR 2069 words
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Article210 1977-12-13 8 LONDON, Mon. Coffee futures opened £17 to £30 per tonne down from Friday's close. Turnover was 127 lots. The official tone was "about steady". Initial trading was mainly confined to near Months while the biggest falls were in the neglected forward positions. Dealers said the market had moved lower210 words
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Article107 1977-12-13 8 LONDON. Mon. Terminal sugar was little changed at the opening in quiet trading. Dealers said the market was dull on lack of fresh feature. Both the London daily raws and whites prices were unchanged at £110 and £112 per tonne, respectively. Terminal sugar moved up on sporadic dealer short107 words
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Article97 1977-12-13 8 LONDON, Mon. Terminal cocoa opened slightly easier against New York, although losses were smaller than anticipated, dealers said. They attributed the underlying resistance to private weekend trade reports of a downward adjustment in Ghana's main crop production forecast to a maximum of 305,000 tonnes roughly in line with last97 words
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Article100 1977-12-13 8 LONDON. Mon. Copper wirebars finished the morning with gains of mostly £4.50 per tonne. Values were firmer on the pre-market under covering prompted by the trend at New York on Friday, dealers said. After pausing under light profit-taking, the market again worked higher in the ring with up to100 words
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Article205 1977-12-13 8 TOKYO, Mon. Japanese officials at the Finance and Trade-Industry Ministries are cautious towards the proposal by Masao Kamei, president of Sumitomo Electric Industries Ltd that Japan should buy and "freeze" about 300,000 tonnes of copper from the London Metal Exchange (LME) stocks in official205 words
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Article126 1977-12-13 8 HONGKONG, Mon. The market was mixed with Thais up to $1.00 lower and Australias up to $1.50 higher, dealers said. Total turnover was 487 tons comprising Thais 198, Kwangtungs 209 and Australias 80. The only arrival was 4,092 tons from Thailand. Price in HK dollars per picul exgodown Thai126 words
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Article163 1977-12-13 8 LONDON, Mon. Tin opened with losses of £40 for cash and £27 for Three Months In both contracts. Firmness in the market, prompted by the rise at Penang on Saturday and last week's LME stock decline of 545 tonnes, resulted In Three Months standard reaching a new traded high163 words
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Article61 1977-12-13 8 LONDON, Mon. Lead closed the ring with an all round gain of £1.25 per tonne. Values advanced on the pre-market under US buying and some covering against expectations of improved seasonal demand from the battery Industry. Three Months traded up to t"382 per tonne, but slipped in the ring61 words
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Article42 1977-12-13 8 LONDON, Mon. Zinc finished the morning unchanged from previous closing ring levels. The market was fe'atureless but held steady reflecting the general trend with dealings mostly Involving light fresh buying and selling operations. Sales of 2,300 tonnes were about half carries.42 words
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Article56 1977-12-13 8 LONDON, Mon. Silver finished 0.4 to 0.1 pence per troy ounce higher. Despite lower gold, the market held steady aided by the rallying trend at New York on Friday and the absence of any undue selling pressure, dealers said. Trading was very quiet with carries forming the greater part56 words
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Article191 1977-12-13 8 THE SINGAPORE gold market yesterday opened In quiet trading at 5512.040 and eased gradually to a low of 5512.015. However, demand was seen at this level and prices turned firmer as trading became fairly acltve. The price recovered strongly to close at its high of 5512,085. Dull conditions, carried191 words
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Article401 1977-12-13 8 HONGKONG Mon. Sugar futures closed easier with losses ranging from 0.03 to 0.12 US cents in fairly quiet and featureless trading, dealers said. Prices fluctuated narrowly on lack of fresh news. Turnover fell to 15 lots from 29 on Friday. Sugar futures closing prices: Tone: Slightly easier Total401 words
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329 1977-12-13 8 WASHINGTON, Mon. World production of meals and oils are expected to reach record highs in 1978, in contrast to the short supply situation this year, the US Agriculture Department publication. Foreign Agriculture, said. Supervisory economist Alan Holz said that following the larger329 words
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1164 1977-12-13 8 Sterling and weak upset markets LONDON; The extreme weakness of the US dollar on the foreign exchange and the erratic behaviour of sterling In the greater part of last week, generally upset the commodity markets with prices presenting an irregular pattern. Cash tin touched new record levels, while lead reached1,164 words
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MONEY AND EXCHANGES
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Article465 1977-12-13 8 SINGAPORE'S foreign exchange market yesterday was quiet. Trading was sporadic but rates were generally unchanged from opening levels. The Japanese yen started the day at 242.50/60 to the US dollar and hovered at that level through the day. It did not stir when London opened. Against the Deutschemark,465 words
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Article48 1977-12-13 8 ACBG 6*< Aluemene Bank 7 7 Bangkok Bank 7 HSBC 7 7 7 Bank of China Bank of Tokvo 7 7 Malayan Banking 7 7 Bank Negara Indonesia Chartered Bank rj OCBC OL'B UCB 6>. 7 7 Chase Manhattan DBS 7 UMBC L'OB 7 748 words
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Article168 1977-12-13 8 Asian rates ASIAN currency deposit Interbank rates as at close on Dec 12: L'8 Dollar* (Spot) Offer Bid 7 days .< 13/1# 11/16 1 mill .7 1/16 ls/ie 2 mths .7 3/16 7 1/j6 3 mths .7 1/4 7 1/8 6 mths .7 9/1# 7 7/16 9 mths .7 5/8168 words
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Article49 1977-12-13 8 range or prices houses on Dec 12: offered by discount Overnight 2 to 3%* Call deposit 3'» to 3*% Doting Buying Selling 3-Month Treasury bills 31/4 3 1/8 3-month Bank bflls 413/16 411/16 3-Month CD 511/16 5 9/16 6-Month CD 57/8 5 3/4 Source: National Discount Co. Ltd.49 words
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Article117 1977-12-13 8 Euro rates LONDON. Mon. Initial trading in Eurodollar deposits was quiet, dealers said. Fixed dates opened very steady reflecting a wanted tendency. A fair amount of rollover business was reported In Six Months. The One Month rate was adjusted 5/16 lower because of a loss of Friday end of period.117 words
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Article51 1977-12-13 8 FRANKFURT exchanges opening quots on Dec 12. US 2 1800/80 Csn I «M 5/65 (Mil Oil V Ft n tt/52 S Fr 102-35/45 Lit 2 461/491 F Fr 45 10/20 N Kr 41 05/15 B Fr (con) 6 343/ 353 B Fr (fin) 6 32 33 Veil U MUkl51 words
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Article295 1977-12-13 8 LONDON. Mon. The dollar slipped from early levels but was little changed on its London close on Friday, while sterling held steady, slightly higher than Friday's finish, dealers said. Early trading was very light, reflecting reluctance among operators to take fresh positions ahead of the Central Bankers' meeting in295 words
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Article176 1977-12-13 8 TOKYO, Mon. The dollar for overnight delivery closed at 242.40 yen. up from a 242.20 opening and 242.05 at Friday's close, dealers said. No central bank intervention was detected, they said. Trading was calm with volume $256 million. The US currency rose initially to 242.65 yen following its overseas176 words
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Article140 1977-12-13 8 HONGKONG, Mon. The US dollar firmed slightly to 2.1870/80 marks after opening higher at 2.1860/70, above its Friday New York mid-point closing equivalent of 2.1832, in quiet trading, dealers said. The US unit also firmed to 242.60/70 yen from its 242.34 Friday New York closing mid-point after opening at140 words
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Article433 1977-12-13 8 LONDON. Mon. Trading in the Eurobond market was quiet with prices basically unchanged, dealers said. Many operators are clearing their long-term positions ahead of the year end and, for this reason, the new Royal Dutch Shell Issue may not be so well received, dealers said. The expected coupon for433 words
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Page 8 Advertisements
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Advertisement159 1977-12-13 8 Don't let the language barrier stop vou from wider iPZ contacts S Ik I r v •.,'5 eVP A<^ et r e^ d i y «**r <!* y I P e \e 3 •»K YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travelling in fact anywhere and159 words
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TRANSPORT AND COMMUNICATIONS
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524 1977-12-13 9 AP MOSCOW, Mon. Two Soviet cosmonauts began a series of experiments aboard the Salyut 6 Space Laboratory yesterday after successfully docking their Soyuz 28 spaceship to the orbiting station, Tass said. The cosmonauts, Air Force Lt. Col. Yuri Romanenko, 33, and Qeorgy Orechko, 48,AP - 524 words
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Article142 1977-12-13 9 LIAN HUAT Shipping, a local shipping comoany, was established In ISNB7. It operates a regular service to Bangkok, and to other ports In Indonesia. It currently owns five ships, all of which are registered in Singapore. But It has plans to purchase vessels of 10,000 dwt or142 words
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607 1977-12-13 9 Reuter PARIS, Mon. France and Britain will try to settle a tug-of-war over the development of a new European airliner during summit talks near London this week. French officials said President Valery Oiscard d'Estalng and British Prime Minister James Callaghan have toReuter - 607 words
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Article210 1977-12-13 9 UPI LONDON, Mon. Both timecharter and singlevoyage business expanded at the close of the week to reveal that the overall rate structure had incurred virtually no change during recent relatively slack conditions. Far East timecharter booking included Metrofin's payment of $2.88 per dwt to the 59,215 dwtUPI - 210 words
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Article, Illustration132 1977-12-13 9 CATHAY Pacific Airways In Singapore recently hosted seventeen leading shippers from Japan on a study tour of cargo and freight operations here. The Japanese shippers spent three days with the group observing cargo handling techniques at Paya Lebar. and were shown around the Cathay Pacific cargo warehouse132 words
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150 1977-12-13 9 WASHINGTON, Mon. The US space agency plans to launch Japan's first communications satellite on Wednesday from Cape Canaveral, Florid, into a stationary orbit over the Eastern Pacific. The spacecraft Is designed to relay radio, data and color television signals between the Japanese islands for at150 words
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Article123 1977-12-13 9 AFP MELBOURNE. Mon. An Australian company has won a $4 million contract to make components for the world's biggest aircraft builder, the US Boeing Corporation. Under the new contract Hawker De Havilland Australia Pty Ltd will build rudders and other components for the wings of BoeingAFP - 123 words
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Article, Illustration379 1977-12-13 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Banglar Sampad (0630 after Neptune Zircon) 38/39 Columbia Maru (JBQB) (2000 after Toledo) 31/32 Fukuvo Maru (0600 44 Golden Tennyo (Bulk Wheat) (0600 after Hugheverett hauls) 8/9 Kalimantan Ibu (0600) 27/28 Oriental Crown (0800 after Shinsakura Maru) 3/4 pasir panjang WHARVES Asean Progress379 words
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348 1977-12-13 9 NYT PARIS, Mon. Parisians by the hundreds of thousands Jammed the city's express subway trains over the weekend, trying out new lines and visiting a huge new main station at Les Halles in the centre of town. All the rides were tree, and theNYT - 348 words
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Article730 1977-12-13 9 ARRIVALS Scrrfcc I«ca 1 Operator Number Time From CAL CI33I 0040 TPE/HKG/KUL CPA CX003 0145 HKG TMA TL303B 0215 BEY/DXB/ BOM/KUL MAS MH601 0715 KUL v MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0850 PEN MAS MH607 0900 KUL MAS MH671 0945 PEN/KUL CAL730 words
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Page 9 Advertisements
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Advertisement327 1977-12-13 9 Sow boat from China V CHINA TRADE QUARTERLY Far East Publications g j m 1913, Hanglung Centra, Patarson Straat, Causeway Bay, Hong Kong. I Please enter my full subscription to China Trade Quarterly. I am enclosing a cheque/money order for US$2OO.OO or equivalent in other currencies. I I I Please327 words
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Article, Illustration837 1977-12-13 10 ANDREW H. MALCOLM - By ANDREW H. MALCOLM NYT TOKYO: Economic bureaucrats and politicians are staying at their cluttered desks well after normal quitting time here these chilly days, struggling with the mounting trade controversy that has seriously strained relations between Japan and the United States, theNYT - 837 words
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Article, Illustration1100 1977-12-13 10 ROD BUTCHER - When the cold winds of recession hit Canada, it is the Eastern part of the country which feels the draught most. Sheltered by its huge resources, the West is relatively cosy. ROD BUTCHER reports. ROD BUTCHER FT ONTARIO: Those old wiseacresFT - 1,100 words
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1391 1977-12-13 10 NYT TULSA: They call it the oil capital of the world, this southwest city of 352,000 people where J. Paul Getty and Harry Sinclair amassed fortunes in Oklahoma black gold. So what better symbol of Tulsa's oil-based origins than theNYT - 1,391 words
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Article, Illustration946 1977-12-13 10 GODFREY GRIMA - By GODFREY GRIMA FT MALTA: There are many people who consider meat a magnificent treat to be had perhaps twice a year. It Is just as rare to countless others whose traditional diet Is based on crops like cassava or yams, with theFT - 946 words
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Page 10 Advertisements
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Advertisement59 1977-12-13 10 NOW ON SALE at your regular bookshop. The phenomenal bestseller which has taxen America by storm the story of a black American s search tor his roots in Africa. ROOTS has sold over I' 4 million hardback copies since its publication and it is continuing to top the bestseller lists59 words
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785 1977-12-13 11 Reuter fTACHING, Mon. Drillers are battling sub-zero temperatures In icy northeast China as they sink test wells aimed at striking a big new oil reservoir beneath the major Taching oilfield by early next year. Taching, in the flat grasslands of China's northernmost Hellungkiang Jrovlnce,Reuter - 785 words
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Article273 1977-12-13 11 UPI Reuter HONGKONG, Mon. China, admitting that there are many problems still In her agricultural production, summed up her agricultural goals for 1980 yesterday. An official New China News Agency report monitored here said, "There are many problems In China's agricultural production. They are shown InUPI; Reuter - 273 words
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Article74 1977-12-13 11 THE United Overseas Bank branch at Beach Road will move to the ground floor of Merlin Plaza next Monday. The new premises, situated Just outside the Central Business District, will have a drive-in-bank. the second one for UOB, as well as 1,077 safe deposit boxes74 words
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Article601 1977-12-13 11 Reuter SYDNEY, Mon. Bankers and analysts here and In Melbourne generally welcomed the Australian government's election victory and said it should lead to a renewal of overseas confidence in the Australian economy and an eventual reflow of private capital. They said the government isReuter - 601 words
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Article205 1977-12-13 11 Reuter HONGKONG, Mon. One of Hongkong's major film companies, turning Its back on the crowd-pulling "sexploitation" films, Is sticking firmly to the family entertainment formula and reaping the rewards. Mr. Louis Sit, a leading producer at Golden Harvest, made famous by kungfu supers tor Bruce Lee,Reuter - 205 words
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101 1977-12-13 11 BANGKOK, Mon. Thailand's rice crop In the 1977/78 season Is expected to yield 13.7 million tonnes of padl, or 1.5 than the previous season. Agriculture Minister Prida Kannasut said the main crop would yield 12.7 .million tonnes, with 0.8 million tonnes from the secondary crop101 words
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Article, Illustration368 1977-12-13 11 IPOH, Mon. The proportion of total direct taxes to total revenue in Malaysia Is expected to Increase to 43 per cent during the Third Malaysia Plan period 12 per cent more than during the Second Malaysia Plan, Deputy Finance Minister Richard Ho368 words
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Article306 1977-12-13 11 AFP BANGKOK, Mon. Thailand and Laos today signed an air services agreement terminating a two-month-long suspension of flights between the two countries. It was signed by Thai Under-Secretary of State for Foreign Affairs Wongse Polnikorn and his Lao counterpart Mr. Suban Sarlithirat who notedAFP - 306 words
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Article35 1977-12-13 11 UPI HONOKONO, Mon. China's new ambassador to Malaysia left Peking yesterday to assume his post in Kuala Lumpur. The New China News Agency, said the new envoy is Mr. Yeh Cheng-chang. UPI.UPI - 35 words
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Article496 1977-12-13 11 UPI JAKARTA, Mon. The temperature is rising In Indonesia, despite an almost miraculous recovery from near economic ruin, and the New Year brings some of the most monumental problems seen in South-east Asia. Public criticism of government policies, voiced by a new generation of student leaders,UPI - 496 words
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671 1977-12-13 11 UPI HONGKONG, Mon. Working with a shovel and Jackhammer 18 metres beneath the earth in sweat and mud Is not so bad in a family affair. Mrs. Lee Kuen controlled the pulley system into the pit- where her brother-in-law slowly descended deeper andUPI - 671 words
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981 1977-12-13 11 TERESA LIM - By TERESA LIM, on board the SIA/ BA Concorde inaugural Singapore/ London flight. By TERESA LIM LONDON, Mon. The Singapore Airlines British Airways (SIA-BA) Concorde has only three more round trips to make before its permission to overfly Indonesia runs out. The overflying of Indonesia,981 words
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175 1977-12-13 11 Reuter MANILA, Mon. Philippine coconut product export earnings for the first 11 months of this vear reached a record U*****.73 million (Ssl.6 billion) compared with #489.27 million in the same 1976 period. The United Coconut Association of the Philippines (Ucap) said. The higher earningsReuter - 175 words
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Article583 1977-12-13 11 NYT NEW DELHI, Mon. IBM may not stay but IBM talent is here to stay," ran a recent advertisement by an Indian company Just entering the computer business. It aptly sums up the response by Indians to the departure of the International Business MachinesNYT - 583 words
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Article125 1977-12-13 11 AFP LONDON, Mon. A £1.5 million (556.5 million) appeal for the victims of the Indian cyclone looks like being a flop and thousands of the two million homeless could die as a result, the appeal organisers said. The disasters emergency committee, comprising six of Britain'sAFP - 125 words
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Page 11 Advertisements
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Advertisement166 1977-12-13 11 APPOINTMENT a k W k. V T A well established and leading organisation with international links seeks to appoint a dynamic and experienced Marketing Manager to stimulate and develop its activities in Singapore and overseas. The Marketing Manager would be responsible for the sales of engineering services of high quality166 words
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1412 1977-12-13 12 PESSIMISM OVER US. ACCEPTANCE Agencies TOKYO, Mon. Foreign Minister Sunao Sonoda said Japan's proposed eightpoint package of economic measures to reduce Its trade surplus with the US was the best that could be offered. But he Indicated that Japan was pessimistic about immediateAgencies - 1,412 words
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303 1977-12-13 12 AFP TOKYO. Mon. The government and the ruling Liberal Democratic Party (LDP) have decided to Impose a tax on domesticallyproduced crude oil and imported oil products from fiscal 1978, starting April, it was reported today. The tax will be levied on the selling priceAFP - 303 words
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375 1977-12-13 12 SINGAPORE Airlines' revenue has surpassed $1 billion in the last 12 months. SlA's director of marketing, Mr. Michael Tan, told delegates at its recently concluded world marketing conference that In the first five months of the current year ending March 1978,375 words
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647 1977-12-13 12 SALMA KHALIK - By SALMA KHALIK A MANAOER should delegate responsibilities to allow him time to attend to more pressing matters. This delegation will motivate and develop his subordinates, according to Mr. Willy Wong, a management consultant with the National Productivity Board. Speaking at the two-week NPB647 words
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Article151 1977-12-13 12 DISCUSSIONS are still continuing between a number of interested airlines and the Port of Singapore Authority on the formation of a company intended to compete with the Singapore Airport Terminal Services. The prospective partners of the new company, Changl International Airport Services Pte. Ltd.151 words
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Article803 1977-12-13 12 LONDON Mon Market prices closed below their best levels with sentiment Impaired during late trading by the threat of Industrial action by Scottish mlneworkers against the Introduction of area producUvlty schemes, dealers said. At 3.00 pm the Financial Times Index was down 0.3 at 485.6. Oovernment bonds gained803 words
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328 1977-12-13 12 THERE la a move to r in iii the Thai fragrant riee mariurt and raise prices bat NTUC Welcome caa prevent such profiteering. Mr. L 1 m Kim San, Minister for National Development and Communications, said this when he opaaed Welcome's Fourth annual328 words
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184 1977-12-13 12 MATSUYAMA. Mon. Japan's fourth biggest business collapse or the post-war era occurred today when a court announced it was freezing the assets of the Hashihama Shipbuilding Company. A spokesman for Hashihama, a medium-sized shipbuilder capitalised at 2.2 billion yen (5521.3 million) and with 1,000184 words
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627 1977-12-13 12 KUALA LUMPUR, Mon. Consumer organisations were yesterday urged to take a balanced view of business enterprise and their operations instead of viewing them with suspicion and mistrust. Mr. Yong Pho Kon, a member of the Federation of Malaysian Manufacturers, said in some respects consumer627 words
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416 1977-12-13 12 SINGAPORE'S fledgling textile industry will suffer serious damage If the United States Imposed further restrictions on imports from the Republic, a leading garment manufacturer said yesterday. Singapore had recently concluded negotiations with the European Common Market for its textile exports and is now416 words
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Article, Illustration137 1977-12-13 12 TOUR Holdings International Is holding its first regional managers seminar to discuss ana plan THl's marketing campaign for 1978 and beyond. The two-day seminar ending today is chaired by the managing director of THI, Mr. George Hamil-ton-Dick and is being attended by THI managers from137 words
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Article83 1977-12-13 12 KUALA LUMPUR, Mon. The Australian government is to adopt a new forward commitment approach for its aid programmes to Malaysia. The aid. which will cost Asl6 million (8542.41 million) include $13 million for projects and technical assistance for which approval will be sought during83 words
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Page 12 Advertisements
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Advertisement8 1977-12-13 12 77% REDIFFUSION Listeners monthly hous«hold income exceed $5008 words
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Advertisement24 1977-12-13 12 s mit Ite-"?/; Wh%M *W. V V *> f- ,S r*: V (J' dry Medium *u. u A ,❖►7 i X 5 (3 lines) *****.24 words
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