The Business Times, 20 December 1977
1977-12-20
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The Business Times
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Title Section10 1977-12-20 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, DECEMBER 20, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article75 1977-12-20 1 AFP LONDON, Mon. The West German and Swiss central banks Intervened early today to aid the dollar, as dealers detected caution by clients ahead of the festive season. The US currency dipped to 2.0455 Swiss francs from Friday's close of 2.0575 before rising to 2.0513 after theAFP - 75 words
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Article34 1977-12-20 1 KUALA LUMPUR, Mon. The board of Magnum Corporation will meet on Dec 28 to discuss the request for Information In respect of recent events at the company by the Kuala Lumpur Stock-Exchange.34 words
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Article55 1977-12-20 1 UPI DACCA, Mon. The Bangladesh government has begun modernising the world's largest Jute mill, an outdated plant that used to produce one-fifth of the combined output of the country's 76 other mills. The five-year modernisation project of the Adamjee Mill will cost US$3O.7 million (5J72.45 million) nine timesUPI - 55 words
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Article29 1977-12-20 1 AP TOKYO Mon. Japan plans to give preference to Iraq, Suadl Arabia and other oil-producing West Asian countries in granting new landing rights to foreign airlines. APAP - 29 words
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Article30 1977-12-20 1 Reuter WELLINGTON, Mon. New Zealand's two stateowned airlines are to merge. They are the overseas line, Air New Zealand and the domestic line, National Airways (NAC). ReuterReuter - 30 words
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Article57 1977-12-20 1 Reuter BAHRAIN, Mon. Bahrain will sign a US$46 million (*****.5 million) loan from Saudi Arabia for a 200 megawatt thermal power station at Rlfaa in central Bahrain which Is due to be completed by 1981. Kuwait, Abu Dhabi and the Arab Fund for Economic and Social Development willReuter - 57 words
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Article45 1977-12-20 1 Reuter LONDON, Mon. Nearby soybean meal and oil markets in Europe lnltally rose sharply today following news that the extraction plant at the German soyamlll, Soja-Mainz, had been destroyed by fire. The factory produces around 40,000 tonnes of meal per month. ReuterReuter - 45 words
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Article76 1977-12-20 1 UPI NEW YORfC Mon. Prices moved lower during the first hour of moderate trading on the New York Stock Exchange. Some concern developed on Wall Street with announcements of price increases In the steel and copper industries, raising fears of an acceleration in the Inflation rate. The DowUPI - 76 words
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Chief Pries Changes
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Article, Illustration166 1977-12-20 1 PRICES were barely steady in quiet trading on the Stock Exchange of Singapore yesterday with most counters hovering around their previous levels. Under these conditions, the Business limes index eased only 0.90 point to 486.77 while the Straits Times Industrial share index dipped 0.22 point to 262.60.166 words
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Article110 1977-12-20 1 Rises Most active S. Mai Tin (M) 10.10 30 Msla Weaving 117,000 Shangri-la 3 32 .26 K.L. Kepong 98.000 Tan Jong 4.42 .06 B. Raya 63,000 Chersonese 2.44 +.06 Slme Darby 57.000 S. Trading 5.75 .06 Total Turnover: 1 27 M Berjuntal Sg Besi 8.10 5.10 .05110 words
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Article, Illustration865 1977-12-20 1 MANO SABNANI - LAND AND BUILDINGS AT $13M By MANO SABNANI HOT-on-the-heels of its foray into the entertainment business with the proposed acquisition of shares in Tung Yang Enterprises. Jack Chia-MPH has entered into an agreement with Sen Sen Hotel Company (Singapore) Pte Ltd to acquire Hotel New865 words
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Article347 1977-12-20 1 KUALA LUMPUR, Mon. The government has agreed to give an initial loan of M 547.4 million to Bank Kerjasama Rakyat "which is on the verge of bankruptcy" to enable it to carry on its activities. Prime Minister Datuk Hussein Onn announced this in the Dewan347 words
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Article792 1977-12-20 1 Agencies CARABALLEDA (Venezuela), Mon. The decision to freeze oil prices that has virtually been announced by the major West Asian producers of the Organisation of Petroleum Exporting Countries (Opec) has made the ministerial meeting to be opened tomorrow largely a formality, despite a minorityAgencies - 792 words
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Article127 1977-12-20 1 NEW YORK, Mon. US Senator Daniel Movnihan yesterday said the Organisation of Petroleum Exporting Countries (Opec) should be broken because it closely resembles an illegal collusion In International trade. He said the United States "ought to break that cartel" Sen. Moynlhan, former ambassador to India and to127 words
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Article306 1977-12-20 1 JOHN LIM - By JOHN LIM THE PRIVATE sector Is still an active builder, Judging from the latest Ministry of Development figures, contrary to the view expressed by some observers that the Government and public sector are by far the most active In the construction Industry. Planning approval for 150306 words
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318 1977-12-20 1 CHANGI Airport Fuel Hydrant Installation (CAFHI), the private company formed to supply fuel and oil products to the aviation industry at Changi International Airport, will set up a finance committee to decide how future financaof its projects will be icted after its share318 words
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652 1977-12-20 1 Agencies KUALA LUMPUR. Mon. The evidence is piling up to suggest that hurt Malaysian pride is the key to the impasse over Malaysia's ban on the Singapore AirlinesBritish Airways Concorde's overflight of its territory. Although Malaysian and British officials are expected toAgencies - 652 words
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Page 1 Advertisements
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Advertisement77 1977-12-20 1 \*mm CHANGI COMPLEX Shops Flats ideal Local ion •Modern Shops Shops ideal Ibr all kinds ol business •Luxurious Apartments: Elegantly designed €*qufo» aoo*"*fi FAR EAST REALTY (PTE.) LTD. 96/96 Rotwson Road. Sngapore 1. Tel: *****33 (5 tines) 3 SEE PAGE 3 INSIDE Overseas New*/ TV A Local Stocks p* Radio77 words
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Advertisement45 1977-12-20 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant uai jflj HtnRV RRC RGEMIES PTE LTD BRUf.fei AGEMI REI lANCI C l-S THI 9UTO B S 144 8 JALAN CHt V ALIE fl, B AND AH SEPI BtGAW«i BRUNEI TEL *****45 words
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Advertisement159 1977-12-20 1 U-Bix COMPLETE COPYMG SYSTEM *APS ELECTRONICS (PRIVATE) LTD Singapore'Te< *****4 (5 liwi APS ELECTRONICS (M) SON BHD KUALa LUMPUR Tel 03-*****0 asEan«--BUSIfIESS QUdRTERI $s> The Autumn issue of the ASEAN Business Quarterly includes a 5-page analysis of ASEAN's urea projects and finds these to be less than viable (12 tables)159 words
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OVERSEAS
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297 1977-12-20 2 Reuter. WASHINGTON, Mon. A panel representing some of New York's major banks and investment firms unanimously supported an extension of Federal lending to the city to meet cash flow problems. In testimony before Senate banking committee hearings on Federal aid to New YorkReuter. - 297 words
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Article111 1977-12-20 2 Reuter. STAMFORD (Connecticutt), Mori. The Financial Accounting Standards Board said a proposed Interpretation dealing with accounting for an unused Investment tax credit had been added to Its genda. The proposal lias also been submitted to Its advisory council. The proposed Interpretation deals with credits Including thoseReuter. - 111 words
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1119 1977-12-20 2 NYT. WASHINGTON, Mon. At a series of conferences and formal meetings here In the past week. President Carter and key members of his administration explored the nation's top economic problems with a number of Interested parties, and seemed to score some points In several areas.NYT. - 1,119 words
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Article518 1977-12-20 2 Reuter WASHINGTON, Mon. US Inventories rose by US$l.l9 billion (Ss2.B billion) to a seasonally adjusted $330.7 billion In October following a $2.66 billion gain In September. The Commerce Department, however, said the rate of total sales rose by $2.56 billion to $126.8 billion In October after aReuter - 518 words
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363 1977-12-20 2 NYT WASHINGTON, Moo. A Senate committee report issued yesterday describes the current system of federal bank regulation as duplicative, confusing inconsistent and recommends a major consolidation of the supervisory functions of the three principal bank regulatory agencies. The report, which was releasedNYT - 363 words
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Article56 1977-12-20 2 UPI ISLAMABAD, Mon. The Japanese Oovemment has extended a US$2.4 million (555.62 million) loan to Pakistan for increasing food production. The grant, which will be made available to Pakistan during the first quarter of 1978, will be used to purchase and transport 16,667 tonnes of fertiliserUPI - 56 words
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835 1977-12-20 2 Reuter, UPI HAMBURG, Mon. If unemployment continues to rise in the Industrialised world, governments will face irresistible pressures to adopt protectionist trade measures. British Chancellor of the Exchequer Denis Healey said in an Interview with the West German weekly news magazine Der Spiegel thatReuter,; UPI - 835 words
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428 1977-12-20 2 Reuter LONDON, Mon. Tin producing countries are likely to make a firm proposal for higher prices for the buffer stock operating levels during the current meeting of the International Tin Council (ITC) economic and price review panel (EPRP). Delegate sources said, the conclusionsReuter - 428 words
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Article392 1977-12-20 2 Reuter PARIS, Mon. France recorded a seasonally adJusted 2.67 billion franc St 1.34 billion) trade deficit t month compared with a 127 million surplus in October and 3.78 billion deficit In November last year. Imports last month were 30.36 billion francs adjusted after 27.91 billion inReuter - 392 words
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Article169 1977-12-20 2 NYT. CHICAGO, Mon. Many of America's larger corporations plan to offer more Jobs to college graduates next year than they did last June, and university placement officials have already witnessed an increase in on campus recruiting by potential employers. The increase in the Job marketNYT. - 169 words
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Article388 1977-12-20 3 Reuter. LONDON, Mon. The Bank of England la now putting into effect the easing of exchange controls on sterling borrowing by corporations operating in the UK and controlled from abroad. The measures were announced by Chancellor of the Exchequer Denis Healey in his October mini-budget speech. TheyReuter. - 388 words
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Article94 1977-12-20 3 Reuter HONGKONG, Mon. Silver trading on the Chinese Gold and Silver Exchange is expected to start early next year. The trading procedure will follow that of the New York lots of 5,000 ounces in Hongkong dollars, the exchange said. Its spokesman said that the market is expectedReuter - 94 words
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659 1977-12-20 3 Reuter. LONDON, Mon. The UK government bond market Is likely to remain firm in coming weeks with last week's better-than-expec- ted trade figures and the slower rise In money supply that removes recent apprehension. The £73 million (***** million) November trade surplus cameReuter. - 659 words
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617 1977-12-20 3 Reuter. LONDON, Mon. Dealer estimates in European and Far Eastern currency centres show central bank intervention in support of the dollar last week despite the apparent failure of the central bankers' meeting in Basle to agree on a coordinated policy to help the USReuter. - 617 words
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332 1977-12-20 3 Reuter FRANKFURT, Mon. The half-point cut in German bank and Lombard rates has been well received by the Eurobond market, boosting demand for mark issues. Trading has been hectic since the announcement of the measures last Thursday and demand for short-term issues hasReuter - 332 words
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Article75 1977-12-20 3 UPI Hongkong, Mon. A protocol on the lsth session of the Joint Commission for Scientific and Technical Cooperation between China and Czechoslovakia was signed In Peking yesterday, the New China News Agency said. The Vice Minister of the First Ministry of Machinebuilding, Sun Yu-yu, signed forUPI - 75 words
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Page 2 Advertisements
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Advertisement104 1977-12-20 2 OCBC CENTRE your prestigious address with a panoramic view Prospect of "in house" business Private dining rooms available for top executives 27 fast computerised lifts Large airy Car Park for 654 cars no parking problem for visitors Cafeteria for executives and staff One floor of special conference and meeting rooms104 words
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Page 2 Miscellaneous
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Miscellaneous287 1977-12-20 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Dec 19 at Singapore airport. Maximum Temperature 30.7° C Associated Humidity 61 Minimum Temperature 23.7° C Associated Humidity 94 Hours of Sunshine 11.00 Rainfall in Millimetres nil Total Rainfall for the Month 114.5 Total Rainy Days for the287 words
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Page 3 Advertisements
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Advertisement52 1977-12-20 3 f m mm. m M m mt m m mm m A PRESENTATION OF IMPECCABLE SIMPLICITY IN QUARTZ WATCHES o OMEGA Rom .he Omega Quartz Collects: (1) 192 0030. ,2) 196 0065. (3) 192.0028 Sole Agents: Silvaroyal Pie Lid, "rt^S^rt^el^^ 20-22 Jalan Tun Perak, Kuala Lumpur 01 -03, West Malaysia.52 words
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Page 3 Miscellaneous
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Miscellaneous614 1977-12-20 3 THE TWO-IN-ONE CROSSWORD 3 h4 5 H6 CRYPTIC PUZZLE ACROSS I Many a reddish outer part (5) 19 6 It's Spanish, so Dai's confused (5) 20 How to respond to being 22 lionised (7) 10 Tale of the first cryx (5) 24 11 Shows the current direction 25 (5) 12614 words
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COMPANY NEWS
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Article642 1977-12-20 4 AGAINST Its own expectations, Malayan Cement ended the year Nov 30, 1977 with another profit setback as rising costs coupled with intense competition continued to erode margins of its major associate companies. At the half-way mark, the chairman. Mr. S.F. Willey had held out the hope642 words
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Article, Illustration100 1977-12-20 4 Mr. H.F. O'B Reeve (above) is appointed acting managing director of Ford Singapore with effect from Feb 1,1978. He replaces Mr. J.G. Auton who has been appointed managing director of Ford New Zealand. Mr. Maxami Suzuki has been appointed a director of Synthetic Resins (M) Bhd. to100 words
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Article634 1977-12-20 4 AN unexpected reversal in the second half year at Malaysia Textiles has pared earnings considerably for the full year ended June 30, 1977. After the first half's strong Improvement, where profits were up 31.6 per cent to M 5373.878, earnings reversed sharply in the634 words
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337 1977-12-20 4 DESPITE a near 1$ per cent rue in group turnover to $3.42 million, Malayan Credit yesterday reported a 13.3 per cent fall in pre-tax Kftt to $773,927 for the t six months ended Sept 30, 1977. However, prospects for the current half appear bright337 words
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619 1977-12-20 4 SUBSTANTIALLY higher tin prices and a big lm¥rovement in output In halland have enabled Tongkah Harbour Tin Dredging to reverse the profit slide experienced in the previous two years. In (act, according to chairman, Mr. D.R. Mitchell, the results were the best achieved by the619 words
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Article405 1977-12-20 4 Current payment Ex Date Date payable Total for the year Total for previous year Toshiba U1C B.M. Trust Sovran K Lan jut Premium Hldf Kinu Krtlat Wearne* Kramat Island A P Inchcape M. Box Bhd Metal Box 8'pore S'pore Land Petaling Tin T. Harbour Selangor Dredging Boustead Kuata405 words
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Article108 1977-12-20 4 THE following company meetings are due: United Industrial Corporation Ltd.: Dec 22 on 31st Floor, UIC Building, Shenton Way, Singapore 1 at 9.30 a.m. Toshiba (Malaysia): Dec 20 at No. 5C Jalan Gurney, Kuala Lumpur. Williams Jacks and Co. (Malaya) Bhd.: Dec 23 at Its registered office, Jalan108 words
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Article23 1977-12-20 4 George Town Dispensary: Company pre-tax profit M 550,080 ($54,125) for the first six months to July 31, 1977. Sales $1,122,903 ($1,088,480).23 words
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Article, Illustration1779 1977-12-20 4 MAX WILKINSON - By MAX WILKINSON FT TRYING to buy U.S. com- < panles Involves the same < sort of frustrations as trying to buy a new house, according to Sir Kenneth Bond, deputy managing director of the General Electric Company. He has reason to know, because GECFT - 1,779 words
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Page 4 Advertisements
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Advertisement400 1977-12-20 4 7 m w C§ J <" 25»»%* **r* ~r 12Sl *LL 5~ ?E '-^'"ti t»" L_>- f "1 -Z*** n '""n/' W; 1 l °U'U,.. ll *<•*{«« i i A <S s w i= s Y\f()p ICON T* THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had400 words
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INTERNATIONAL COMPANY NEWS
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857 1977-12-20 5 US multinationals and a falling NORTH AMERICAN COMPANIES NYT NEW YORK: The continuing slide In the value of the dollar against other major currencies is bringing smaller earnings to shareholders of American multinational corporations and bigger headaches to executives of those companies. "For us It means we will pay lessNYT - 857 words
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Article178 1977-12-20 5 Reuter OTTAWA: The Canadian National Energy Board said it granted licences to Tenneco and Tenneco LNG to import up to 10.5 billion cubic metres of Algerian natural gas a year over 20 years. The board also granted an application by Transcanada Pipelines (New Brunswick) to buildReuter - 178 words
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Article150 1977-12-20 5 Reuter. NEW YORK: Meramec Mining Co, an iron ore mining joint venture of Bethlehem Steel Corp and St Joe Minerals Corp, said Its operations will be terminated on Dec 23 by mutual agreement between Bethlehem and St Joe. Meramec operates at Pea Ridge near Sullivan, MissouriReuter. - 150 words
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Article102 1977-12-20 5 Reuter PITTSBURGH: WheelingPittsburgh Steel Corp announced price increases averaging 7 per cent on hot rolled, cold rolled and galvanised sheet, effective on Jan 3. Company president Dennis Carney said in a statement the company's costs have risen 44 per cent since 1974. and cited rising prices ofReuter - 102 words
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Article65 1977-12-20 5 Reuter OTTAWA: The federal government has agreed to a request by the Canadian chartered banks to close for four days over the Christmas holiday weekend, a Finance Department spokesman said. The banks will be closed from Saturday, Dec 24 to Tuesday Dec 27 inclusive. Over the newReuter - 65 words
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100 1977-12-20 5 Reuter. LOS ANGELES: Twentieth Century-Fox Film Corp said Its subsidiary, Twentieth Century-Fox International Corp, will redeem its 5 per cent guaranteed sinking fund debentures at a redemption price of 102.5 per cent, plus accrued Interest. Issued in the Eurodollar market in 1968, the debenturesReuter. - 100 words
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Article75 1977-12-20 5 Reuter DECATUR (Illinois): A.E. Staley Manufacturing Co said that members of Grain Millers Local Union Branch are on strike at its Frankfort, Indiana, soybean mill over their employment contract. The strike started on Dec 14 after 1 two-week extension of the previous contract expired, the companyReuter - 75 words
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Article32 1977-12-20 5 Reuter. DALLAS: Texas Instruments said its board raised the quarterly dividend to 42 cents from 33 cents a share, payable on Jan 23 to shareholders on record since Jan 3. Reuter.Reuter. - 32 words
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Article20 1977-12-20 5 Reuter. NEW YORK: Citibank said it is holding its floating prime rate unchanged at 7% per cent this week.Reuter. - 20 words
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Article486 1977-12-20 5 FT JOHANNESBURG: An apparently irreconcilable rift has developed between the two major Afrikaner business houses, the Capebased mutual assurance giant. Sanlam, and the Transvaal-based Volkskas Bank. This north-south split has existed In Afrikaner psychology throughout history but is now spilling over Into the business arena, an areaFT - 486 words
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Article89 1977-12-20 5 Reuter NEW YORK: Standard Oil of California said an initial notice from the state of California Franchise Tax Board regarding a proposal to assess the company US$l56 million in additional taxes is without merit. Socal confirmed the Franchise Board recently sent the comDanv a notice of proposedReuter - 89 words
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Article210 1977-12-20 5 EUROPEAN COMPANIES FT STOCKHOLM. AGA. the Swedish industrial gas and heat engineering concern, has made a US$3O million bid for the share capital of Burdoc. of Cleveland. Ohio. The offer, equivalent to $25 a share, has been approved by the Burdoc board and accepted byFT - 210 words
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Article347 1977-12-20 5 FT STOCKHOLM: The final report from Perstorp, the Swedish chemicals which took over the Warerlte decorative laminate business in the UK last year, shows that the profits growth in the year ending Aug 31 was even higher than stated in the preliminary report. Pre-tax earnings wereFT - 347 words
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Article239 1977-12-20 5 FT MADRID: Fasa Renault, the group's Spanish subsidiary in which it holds a 65 per cent stake. Is to Increase its capital as part of a plan to meet investment needs for expanded capacity. Motor industry sources also believe that the French parent may use this opportunityFT - 239 words
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159 1977-12-20 5 Reuter. OSLO: Norway announced that new blocks in its North Sea sector would be opened for moderate oil exploration. The national oil company Statoil will have a 90 per cent share of the so-called gold block of oil and natural gas underReuter. - 159 words
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Article44 1977-12-20 5 Reuter. ZURICH: The annua] meeting of Juvena Holding nas decided to change the name of the company into Inter-Pan Holding, the company said. British-American Cosmetics (BAC) controls 51 per cent of the Juvena International group, with the remainder held by Juvena Holding. Reuter.Reuter. - 44 words
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Page 5 Advertisements
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Advertisement270 1977-12-20 5 Which bank delivers you a whole world of financial knowledge? We do. Bank of America. When it comes to finance, we are there our money centers and branches around the globe keep us in constant daily touch with fluctuations in all major currencies. We have the expertise based on years270 words
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Article2344 1977-12-20 6 1177 High Law Coapuqr Last Sale +orGr's div Div C'TT Gr's Net y'ld P/E Vol Day COM) High Low 154 204 119 240 18* 205 106 200 422 140 171 240 835 139 384 230 108 400 304 142 900 144 474 192 310 78 125 1732,344 words
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Article1224 1977-12-20 6 BID (ad ottrn priew •Acially listed tad bmmlww» ia aad iipwlri to the Kuala I laapnr Stock Bxdua|t y —totday with Um number of share* traded shown ia teuton la lot» of 1 ,M* unit* uale** iMhei »lw specified. SECTION ONE INDUSTRIALS Acau (1.38B) Alcom (1 05B)1,224 words
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Article1322 1977-12-20 6 BID and offer price* 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 world "Sett". Big Board1,322 words
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Article53 1977-12-20 6 STRIKING 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 options traded shown in brackets. C and C (Dec $1.10) (0.668 0.725). (Dec $2.30) (1) 0.24. (March $1.90) (0.678 0.725).53 words
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Article145 1977-12-20 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Mumn' prtc* tar Dm (Carnal rises) The Commerce 1.78 1.80 INCOME BOND 1 08 1.1S The 8a vine Fund 1.06 1.1S S' pore Prof Fund 0.85 0.80 MARA BUMIPUTRA FUND 8'pore Security (Maaafm prioa First Bumlputra far Dse 88) Fund 1.64 1.74145 words
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Article152 1977-12-20 6 BO T 8 1/2% IMI (100.000) (100*B 101 *8) B O T 7 5/8% 1964 (100,000) (96*8 97KS) B O T Floating 1984 (100.000) (98*B 99*8) LTCB J 1962 (100,000) (98%8 99 *S) Credit Lyonnaia Floating 1963 (100,000) (9758 MSS) C Itoh Electric 8 1/8% 1964 (100.000) (M*B152 words
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Article129 1977-12-20 6 Rep Spore D Mark 7% 1962 (100,000) (102 SB 103*8) Rep Bpore 6 1/2% 1983 (100.000) (102*B 103SS) Rep Spore 7 3/4% 1987 (100.000) (99*8 100*8) 4 3/4% 1/5/79 (250,000) (100 358 100 458) 5 1/4% 15/16/79 250.000) (100 908 101.108) 5 3/4% I/C/78-M (250,000) (101.308) 4 3/4%129 words
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Page 6 Advertisements
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Advertisement618 1977-12-20 6 sinGapura FORUM HOTEL 585 Orchard Road, S'pore 9. Tel: *****2 406/407 Havelock Road, S'pore 3. Tel: *****1 Pebble Bar Experience the unique expression of Tanla Oreat 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 Dally618 words
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Article, Illustration721 1977-12-20 7 PRICES held barely steady in quiet trading on the Stock Exchange or Singapore yesterday. Moat of the collators finished a few cents either way arouad their previous Friday's dosing levels. Although Big Board aettlement trading togan yeaterday with tranaactiona done la lota of 2,000 aharea iaatead of 5,000721 words
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Article284 1977-12-20 7 A GENERALLY easier note Erevalled on the Kuala umpur Stock Exchange yesterday in dull and featureless trading. As a result, volume declined from last Friday's total of 1.7 million to 1.26 million. Value likewise fell from $3.53 million to $2.56 million. Tins saw light scattered dealings284 words
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Article, Illustration1814 1977-12-20 7 ROY HODSON - By ROY HODSON FT HAVING had a good look at the British Steel Corporation crisis, the Cabinet does not like what it has seen. Ministers are collectively showing a political instinct to defer a final examination and the consequent decision about what mustFT; SOURCE: - 1,814 words
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INTERNATIONAL STOCK MARKETS
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Article391 1977-12-20 7 HONGKONG: The market closed dull yesterday with prices tending slightly easier In low turnover, dealers said. The Hang Seng Index fell 1.59 point to 414.82. East Asia Navigation extended Its recent decline to HKJ4.2O after closing at 4.725 on Friday while Jardine Matheton dipped a further 30 cents to391 words
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Article466 1977-12-20 7 TOKYO: Share prices closed higher yesterday In fairly active trading on continued expectations of a large government budget for fiscal 1978, dealers said. The Dow Jones average rose 30.08 to close at 4.910.54 with volume of 310 million shares. The New index closed at 384.50. up 2.28. Public works466 words
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Article389 1977-12-20 7 SYDNEY: The market closed mixed yesterday after an earlier advance with Industrials generally firmer and minings and oils weaker on balance, dealers said. The Sydney All-ordinaries index rote 0.74 point to 457.53. BHP gained two cents to A 55.58. Bank of NSW rose eight to 5.44 as did CSR389 words
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Article153 1977-12-20 7 MANILA: The market closed .mixed yesterday with mining and commercials gaining slightly while oils declined, dealers said. Turnover fell to 3.W million pesos from Thursday's 5.03 million. In minings, Philex and L*panto posted minimal gains, while oil Issues declined. Commercials gained sightly. DEC 1* Pesos Aco)e Mining 009 ♦0.0004153 words
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Article143 1977-12-20 7 DEC' 1* Bahts Asia Fibre 240 -1 Bangkok Bank 379 unch Bangkok Invest 332 -4 Bangkok-Metro-politan Bank 35 SO unch Bata 735 15 Berll Jucker SIS -8 CharoongThal Wire 304 ♦4 Dumex DusttThanl 333 Faber Merlin First Trust fio unch Oenera Finance 348 unch Indo-Thal 175 unch Industrial Finance143 words
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Article114 1977-12-20 7 TOKYO: Prime Minister Takeo Fukuda has authorised Kyushu Electric Power Cotoinstal an atomic reactor at its nuclear power Blant planned for Sendai, iagoshlma prefecture. The No. 1 reactor at the plant is a pressurised water-type reactor with an output of 890,000 kilowatts. According to present plans of114 words
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Page 7 Advertisements
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Advertisement447 1977-12-20 7 ■SINGAPORE Tanglin Circus, 9'pore 10. Tel: *****1 The season's good cheer. Abounding, Exciting. As It Is every Christmas and New Year. And this year, even more sparkle, more festivities. Start your celebrations. At the Marco Polo. Ring *****1 for reservations. Seasons greetings from the management and staff. gfig Hotel Royal447 words
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COMMODITY REPORTS AND PRICES
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Article333 1977-12-20 8 OPENING quotations on the Singapore rubber market yesterday were marked down 2.25 cents In line with easier London advices and weakness on Friday after the close here, dealers said. The market then fell further on stop-loss selling and buyer reserve, they said. Turnover was fair.333 words
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Article29 1977-12-20 8 Rubber: Dec 19 Singapore: January 192.00 cents (down 2.75 cents) Malaysia: 193.50 cents (down 2.75 cents) Tins: $1,765 (down 15) Official offering: 203 tonnes (up 67 tonnes)29 words
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Article305 1977-12-20 8 Prices In cents per kilo yesterday: Noon (per kilo) Cloee (per kilo) Int 1 R.S.S. prompt f o b. Int. 1 R.S.S. January Int. 1 R.S.S. February Int.2RS.S UK/Cont Int. 3 R.S.S. UK/Cont Int 4 R.S.S. UK/Cont Int 5 R.S.S. UK/Cont Buyers 191.30 192 50 193 75 191.25305 words
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Article106 1977-12-20 8 Noon SSR and SMR prices yesterday: HAS January February (Current Mth) (Forward Mth) Buyer* Seller! Buyer* Sellers (cents per k«> (cents *rk|) SSR 20 (I-ton pallet) 188 50 190 50N 189 50 191 50N SSR 50 (1-ton pallet) 186 50 188 50N 187.50 189.SON MRELB SMR5CV (1-ton106 words
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Article409 1977-12-20 8 HONGKONG, Mon. Sugar futures closed easier in quiet trading with losses from 0.04 to 0.13 US cents, dealers said. The market had opened 0.10 to 0.15 cents lower, but trade house buying towards the close stemmed the decline, they said. Turnover fell to 21 lots from 22 on409 words
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Article299 1977-12-20 8 CONDITIONS remained steady at the Singapore produce market yesterday. All the prices quoted by the Chinese Produce Exchange were unchanged over the weekend. Sellers of pepper were holding on to their stocks as there were no overseas buyers willing to conclude deals at the prices asked by them.299 words
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Article177 1977-12-20 8 LONDON, Mon. Terminal cocoa finished a short and basically quiet opening call £4.50 per tonne up from Friday to £3 lower. The market initially traded £12.50 higher against New York. But nearness of certain West African origins to the market notably Ivory Coast and Camerouns for early shipment deliveries177 words
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Article116 1977-12-20 8 LONDON, Mon. Terminal coffee ended the morning quiet £12 to £35 lower. Volume was 538 lots Including six options and around 300 lots of cross trades. Dealers said trading had been quiet and within a narrow £20 band. They said the easier tendency continued to reflect firmness of sterling116 words
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Article135 1977-12-20 8 LONDON, Mon. Terminal sugar opened £0.90 down to unchanged from Friday afternoon closing levels and sales totalled 861 lots. Dealers said prices were initially marked lower reflecting steady sterling and this touched off some long liquidation orders. However, selling was well absorbed and prices generally held steady at the135 words
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Article120 1977-12-20 8 HONGKONG, Mon. The market was steady to higher with prices unchanged to $1.5 hiKher, dealers said. Total turnover was 415 tons comprising Thais 123, Kwangtungs 198 and Australias 94. Arrivals were 460 tons from Thailand and 300 tons from Kwangtung. (Prices In HK dollar per plcul. exgodown) Thai While:120 words
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Article125 1977-12-20 8 THE STRAITS tin price In Penang yesterday fell by Mss to $1,765, on an official offering up 63 tonnes to 270 tonnes. The market dropped back on Increased supplies of tin concentrates from miners during the weekend coupled with lower demand from the US and Japan, dealers said.125 words
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Article51 1977-12-20 8 LONDON, Mon. Silver lost 1.1 to 1.3 pence per troy ounce. The movement was attributed by dealers to sterling's firmness although the market held steady at the lower levels in the absence of any undue pressure to sell. Trading was light with about half the turnover of 24 lots51 words
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Article38 1977-12-20 8 LONDON, Mon. Zinc was mostly £2.50 lower all round although dealers said profit-taking was met by continued fresh and chart buying. Trading was modest as carries accounted for the greater part of the turnover of 3,375 tonnes.38 words
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Article42 1977-12-20 8 LONDON, Mon. Lead was around £0.25 down for cash and fully £1 lower for Three Months. Modest activity Involved continued hedge selling and profit-taking was absorbed by covering, dealers said. Carries formed the greater part of the turnover of 1,200 tonnes.42 words
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1352 1977-12-20 8 LONDON: Commodity trading began to slow down last week at the approach of Christmas, with dealers involved in "book squaring" operations in preparation j for the New Year, rather than in new business. The continuing uncer- talnty on the foreign exchange and the weakness of1,352 words
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Article170 1977-12-20 8 TRADING on the Singapore gold market yesterday was quiet and featureless. The kllobar opened at 5512.050 and firmed up on some short-covering to 5512.100 before easing to close at 5512.073. The LONDON market opened lower at U*****.90/ 159.10 and firmed Jto a high of U*****.45/ 65 before closing on170 words
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Article102 1977-12-20 8 LONDON, Mon. Copper wlrebars were unchanged while cathodes were fully £2 lower for cash and £0.50 down for Three Months. Dealers said that prices for copper were restrained by sterling's firmness against the US dollar and offset the Influence of a rise In US futures last Friday. Last week's102 words
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190 1977-12-20 8 BUENOS AIRES, Mon. A spokesman for the Agriculture Department has said he had no comment to make on a statement by Agriculture Secretary Mario Cadenas Madarlaga that Argentina and Brazil would propose to the United States a Joint agreement on soybean marketing. Earlier last week,190 words
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MONEY AND EXCHANGES
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Article471 1977-12-20 8 THE US dollar came under pressure again yesterday. Against the Japanese yen, the dollar opened at 242.20/ 40, moved up to 242.50/ 70 and suddenly dropped to 241.70/ 90 Just before London opened. London brought the dollar further down to 241.50/ 60. The trend was repeated on the471 words
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Article50 1977-12-20 8 ACBC 7 Alffemene Bank 7 Citibank 7 Bangkok Bank HSBC 7 Indoauez t Bank of China 7 Malayan Banking 7 Bank of Tokyo 7 Bank Nef ara OCBC «v, 7 Indonesia 7 OUB Chartered Bank 7 UCB 7 Chase Manhattan 7 L'MBC 7 DBS 7 UOB 750 words
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Article159 1977-12-20 8 Asian rates ASIAN currency deposit interbank rates as at close on Dec It 7 days 1 mth 2mths 3 mths 6 mths 9 mths 12 mths US Dollars (Spot) Offer Bid .83/4 8 5/8 ..71 ft 7 ..7 3/16 71/19 .71/4 7 1/8 ..7 9/16 7 7/16 .7 9/16 7159 words
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Article52 1977-12-20 8 RANGE of prices offered by discount houses on Dec 19: Oernlfht 2 to 3*tH Oil deposit 3WH ClMiaf Buying Salttaf 3-Month Treasury bills 3-month Bank bills 3-MontbCD 6-Month CD 3 1/4 4 7/» 5 11 16 S 15/16 3 1/S 4 3/4 5 9/18 5 13/16 Source: National Discount52 words
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Article111 1977-12-20 8 Euro rates LONDON, Mon. Eurodollar deposit rate held steady in quiet Christmas holiday and end-year trading, dealers said. Among periods, One Month was adjusted 3/87 point lower on a loss of Friday dealings, it opened around 7* seven. Most operators had already squared their positions ahead of the holiday period.111 words
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Article51 1977-12-20 8 FRANKFURT exchanges opening quotes on Dec 19: US 2 1400/20 Can 1 9430/00 St* 3 953/903 D Fl 92 11/21 8 Fr 103 85/95 Lit 2 429/439 F Fr 44 42/52 N Kr 40 97/41 07 B Fr (con) 6 343/353 B Fr (fin) 6 32/33 Yen 0 886351 words
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Article222 1977-12-20 8 LONDON, Mon. The dollar opened slightly weaker against major European currencies In very thin trading, dealers said. But they noted currency movements may now represent participants, squaring positions ahead of the holidays and not necessarily underlying market trends. Sterling opened firmer, both against the dollar and as measured by222 words
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Article287 1977-12-20 8 TOKYO, Mon. The US dollar for overnight delivery closed higher at 241.95 yen, up from a 240.80 opening and 240.95 at Friday's close, dealers said. No Central Bank Intervention was detected, they said. Trading volume was $365 million. The dollar rose to a day's high of 242.80 at one287 words
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Article156 1977-12-20 8 HONGKONG. Mon. The US dollar closed at 241.50/90 yen, below the day's high of around 242.15/30 but above New York's 240.45/55 close on Friday, dealers said. However, movements tended in line with the yen's performance In Tokyo with trading here very subdued ahead of Christmas and the year-end, they156 words
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Article380 1977-12-20 8 LONDON, Mon. Eurobond prices showed little change In light trading ahead of the Christmas holiday, dealers said. US dollar issues eased where changed with weakness of the dollar on foreign exchange markets. The Inco Ltd *50 million 8-1/4 per cent 1984 notes and the $100 million 9 per cent380 words
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Page 8 Advertisements
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Advertisement381 1977-12-20 8 1976 Nobel Prizewinner IN PENGUIN 1976 Nobel Prize Winner is at his best again in his latest book To Jerusalem and Back'. As with his recent best-seller 'Humboldt's Gift', Bellow's brilliant images emerge at frequent intervals like sunshine through fog, witty, clever, radiantly imaginative and without doubt, Bellow has become381 words
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TRANSPORT AND COMMUNICATIONS
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392 1977-12-20 9 Washington Star WASHINGTON, Mon. Southern Pacific Co. and Seaboard Coast Line Industries Inc. have begun discussions that could lead to creation of the nation's first transcontinental railroad. The announcement came last Thursday, after stock markets on both coasts had closed, that Southern Pacific hadWashington Star - 392 words
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Article, Illustration1047 1977-12-20 9 MALAYSIA launched Into the satellite age in 1966 when it was accepted as a member of the International Telecommunications Satellite Organisation (Intelsat). It became the 50th member with a contribution of 0.25 per cent to the $600 million satellite consortium. In 1975 It became the1,047 words
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201 1977-12-20 9 Reuter. WASHINGTON, Mon. Secretary of Transportation Brock Adams announced an agreement between Canada and the US to increase tolls on the jointly-operated St. Lawrence Seaway. The agreement provides for previously announced increases to be phased in over three years beginning next yearReuter. - 201 words
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413 1977-12-20 9 UPI PORT ELLSABETH, (South Africa), Mon. A US$2B million (SJ>6B million) legal wrangle hi is developed over salvage rights for the American.-owned supertanker Venoll after it collided w lth its sister ship, the Venpt.'t, and was abandoned lasr. Friday. Soekor, the South African oil explorationUPI - 413 words
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Article, Illustration452 1977-12-20 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Benloyal (1500 after Barge LS 74 Class I on board) 13/14 Dona Montserrat (2100 after Tadeusz Ocloszynskiy) 35/36 Foh Feng No. 2 (0200) 29/30 Golden Eagle (0600 after Vega hauls) 24 Golden Source (0600 23 Koyo Maru (Car carrier) (1800 after Dredging) 48452 words
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233 1977-12-20 9 Reuter LONDON, Mon. The two bodies responsible for worldscale nominal freight rates used for tanker chartering are revising some of the rates from Jan 1. This follows the annual review by the International Tanker Nominal Freight Scale Association here and the Association of ShipReuter - 233 words
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Article161 1977-12-20 9 LORD Steamship Co. S.A. inaugurated regular liner services between Taiwan and Straits ports in 1972. It provides four sailings a month, eastbound and westbound, in what it calls a Taiwan/Straits/ Taiwan Express Service". Sin««Pore a««mU: Ocean Maritime. Trade served: Taiwan/ Straits/ Taiwan. Ports of call: Eastbound Singapore, Port161 words
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Article166 1977-12-20 9 AP LONDON. Mon. A dull week on the London freights market ended last Friday on a bright note for shipowners as details of firmer rates came to light on the US Gulf grain routes to Europe and the Far East. The December-January loader specialist secured the highAP - 166 words
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Article597 1977-12-20 9 ARRIVALS Service Local Operator Number Time From CAL CI 331 ¥S8?B 0040 TPE/HKO/KUL 02ll jpfJ/DXB/BOM/ MAS CAL OIA SIA OIA OIA MH682 CI806 GA980 SQ209 QA944 OA908 0810 KCH 1000 PLP 1030 HLP 1045 HLP 1055 PKU 1100 MES PAL RBA OIA SIA SIA MAS MAS SIA597 words
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203 1977-12-20 9 AFP LONDON, Mon. The US aircraft manufacturer McDonnell-Douglas Corporation (MDC) has offered to cooperate with the British Aerospace Corporation in developing several civilian transport craft Including a supersonic airliner that could carry 273 passengers more than 7,500 km. A well-informed source here said the latter planeAFP - 203 words
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Article107 1977-12-20 9 MR. Robert Bezuijen has been appointed Anro trade manager for Nedlloyd Lines. Anro is the consortium of the Australian National Line, Neptune Orient Lines, Nedlloyd Lines and Australia Straits Container Line. Mr. Bezuijen is responsible for the overall commercial and operational management of Nedlloyd Lines' Interest In107 words
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Page 9 Advertisements
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Advertisement26 1977-12-20 9 The Love of ookmg I* *s» *v N sjr t/ r r -j C nm Q yS I^HKI X 1 5 13 n tIU2N Kenneth Lo26 words
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Article, Illustration2646 1977-12-20 10 INQUIRY INTO BANK REGULATION FIRST of a series on US banks and the federal agencies that regulate them. Anthony Marro of the New York Times discusses the adequacy of bank regulations. NYT. ONE WEEK before Mr. Bert Lance resigned as Budget Director last SeptemberNYT. - 2,646 words
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Article, Illustration1071 1977-12-20 10 PETER BILD, HECTOR LOPEX - ■y PETER BILD, HECTOR LOPEX Reuter CARACAS: Thirteen ollrich nations meeting here this week f or a conference that could < cause motorists around the world to pay more for the ir petrol face an apparent anomaly. They have all IndicatedReuter - 1,071 words
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Article, Illustration754 1977-12-20 10 THE Shah of Iran is not too keen on Russia's politics. But economically he likes the USSR as a good trading partner. Even though he sees the Russian bear as a potential military threat, he sells it oil and gas while buying gunsFT - 754 words
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Page 10 Advertisements
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Advertisement58 1977-12-20 10 NOW ON SALE at your regular bookshop. The phenomenal bestseller which has raKen America by storm the story of a black American s search tor his roots in Africa. ROOTS has sold over 1 1 million hardback copies since its publication and it is continuing to top the bestseller lists58 words
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Article, Illustration1085 1977-12-20 11 SALMA KHALIK - «y SALMA KHALIK THE giving of premiums give-aways" with every purchase for added promotional "push" is not entirely new to Singapore, but Impact, a joint venture between Inchcape Trading Associates and Impact of Japan, hopes to refine this form of1,085 words
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Article215 1977-12-20 11 A HOME-STUDY course in Export Marketing Management will be available in Singapore and the other Asean countries next year. The ten-month correspondence course Is published by the Marketing Development Institute (M--DI) in Geneva. It Is already available in South America, Africa and elsewhere, and offers215 words
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Article102 1977-12-20 11 A METRIC information stall will be set up at the Seng Lee Market from Dec.2o 22. Officers from the Metrication Board will be present from 7.30 a.m. to 10.30 a.m. to explain the metric system. The MP for Kampong Kembangan, Encik Mansor Haji Sukaimi, will tour102 words
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Article724 1977-12-20 11 KUALA LUMPUR, Mon. The Malaysian Rubber Development Corporation (Mardec) has secured a $1 million direct order for rubber from South Korea a significant breakthrough in the international rubber market. Disclosing this, the general manager of Mardec, Encik Sulalman Manan, said the deal was concluded with the724 words
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Article173 1977-12-20 11 UPI TOKYO, Mon. Japan Line, the largest fleet operator in Japan hard hit by the global shipping industry recession, has formally asked for a three year moratorium today for bank loan repayments of US$l56 million (***** million). The company, with a capital of $142.5 million, had earlierUPI - 173 words
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Article779 1977-12-20 11 Reuter, UPI TOKYO, Mon. Influential business leaders today urged the Japanese Prime Minister Takeo Fukuda to step up farm imports in order to help eaae strained trade relations with the United States and the European Common Market. The appeal was made at a meetingReuter,; UPI - 779 words
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Article34 1977-12-20 11 HONGKONG, Mon. A prominent local trade official with Peking connections was today reported as reiterating that Hongkong is Chinese territory but that no change In the current status quo is Imminent.34 words
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Article, Illustration73 1977-12-20 11 THE United Overseas Bank's new Beach Road branch at Merlin Plaza opened yesterday. It replacM the one at 103 Beach Road, established in 1953, and occupying a corner shophouse at the Beach Road and Liang Seah Street junction. The new branch features the bank's second drive-in counter.73 words
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Article261 1977-12-20 11 Reuter SYDNEY, Mon. Manufacturers are more optimistic about the general business outlook for the next six months during the first half of December than they were In September this year. According to a quarterly Joint survey by the Bank of New South Wales and the Confederation ofReuter - 261 words
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Article289 1977-12-20 11 I MALACCA. Mon The trial of former Malacca Municipal Commissioner Datuk Tan Cheng Swee, on corruption charges and scheduled to continue today was adjourned to tomorrow because his counsel Mr. M. Shanker was 111. Datuk Tan, who was also the former Malacca MCA chief, faces289 words
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Article501 1977-12-20 11 AP. Reuter. WASHINGTON, Mon. Although China has bought some soyabeans, cotton and soyabean oil from the United States this year, prospects of it buying wheat or other grain continue to be slight. A month ago, rumours circulated that China had purchased or was on the vergeAP.; Reuter. - 501 words
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Article168 1977-12-20 11 Reuter. WASHINGTON, Mob. Sixty-two non-government organisation* yesterday "fled President Carter to provide emergency food aid to Laos and Vietnam. TTie groups, ranging from humanitarian and church groups to farmers and grain millers, said in a letter to the President: "Both countries are currently facing foodReuter. - 168 words
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Article208 1977-12-20 11 Reuter', AFP TAIPEH, Mon. The US and Taiwan have agreed to resume their textile talks here on Jan 23. The talks broke up In Washington last month when negotiating teams of the two governments could not reach a new agreement on textile exports to theReuter',; AFP - 208 words
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Article67 1977-12-20 11 PENANG, Mon. Penang's free port status ended at midnight yesterday without even a passing mention. Customs authorities at Butterworth began dismantling the custom-checking lanes today the first visible sign that Penang has finally been Included In the principal customs area. Checking points will be67 words
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Page 11 Advertisements
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Advertisement187 1977-12-20 11 The Straits Group invites applications from ambitious Singaporeans in their thirties for the post of MANAGER INFORMATION SYSTEMS This is a senior position and the job holder will be required to study the many and varied businesses of the Croup as well as the Croup as a whole, recommend and187 words
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852 1977-12-20 12 UPI, Reuter. TOKYO, Mon. Japan's visible trade surplur fell from US$l.B6 billion (554.37 million) In October to $1.61 billion In November. However, this Is an Increase from November 1976's surplus of $518 million. The Finance Ministry said In a preliminary report that the overallUPI,; Reuter. - 852 words
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Article166 1977-12-20 12 Reuter TOKYO, Mon. Fuji Photo Film said it expects a 36 per cent fall in its aftertax profit for the year ending next Oct 20 to nine billion yen (5587.8 million) from 14.07 billion last year due to the yen's steep appreciation. Sales will riseReuter - 166 words
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Article148 1977-12-20 12 Kyodo. TOKYO, Mon. The Japanese Federation of Synthetic Chemical Workers Unions (Gokaroren) have decided to seek a raise of yen 23,000. (Ss2o7) or some 14 per cent, in the monthly wages in the next spring wage hike campaign. The decision was made at an extraordinary conventionKyodo. - 148 words
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Article202 1977-12-20 12 Reuter. GENEVA, Mon. The debts of the world's nonoll exporting countries now total USS2OO billion (Ss46B billion). Unctad named the figure in a statement announcing the end of a nine-day meeting here of government financial experts from rich and poor countries. The statement said the meeting,Reuter. - 202 words
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Article76 1977-12-20 12 Reuter. HONGKONG, Mon. North Korea's newlyelected Supreme People's Council (Parliament) has adopted a new seven-year economic development plan starting next year. The plan set targets for 1984 including 70 to 80 million tonnes of coal, 16 million tonnes of Iron ore and one million tonnesReuter. - 76 words
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Article, Illustration241 1977-12-20 12 UPI CANBERRA, Mon. Australia's former Treasurer, Phillip Lynch, was today appointed by Prime Minister Malcolm Fraser to be his Minister for Industry and Commerce Mr. Lynch resigned last month during the national election campaign .over allegations he used a family trust to lessen hisUPI - 241 words
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Article139 1977-12-20 12 SINGAPORE'S tally clerks, whose livelihood depends a great deal on international trade, have come out with a strong "Buy Singapore made" call as a way of combating protectionism. Their statement echoes comments about Western unionists' lack of solidarity with their counterparts in developing nations, recently voiced139 words
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123 1977-12-20 12 HONGKONG, Mon. The Supreme Court has approved Hongkong's biggest company merger todate that between Hutchison International Hongkong and Whampoa Dock to form Hutchison Whampoa. The merger terms approved by shareholders earlier this year include: For every 1,000 Hutchison shares: 600 new ordinary shares and 600 participating123 words
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233 1977-12-20 12 AP. WASHINGTON, Mon. President Carter, placing a heavy emphasis on the economy, cancelled today's regular Cabinet meeting with economic advisers and congressional leaders on the package of tax, employment and anti-inflation measures he will unveil In January. Administration officials, working under Vice-Presi-dent Walter Mondale andAP. - 233 words
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485 1977-12-20 12 THE new Woodlands Immigration Checkpoint on a 3.7-hectare site will be able to cope with the projected increase in traffic flow for the next five to 10 years. It will also allow for the Implementation of an Exit Control Scheme with485 words
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207 1977-12-20 12 KUALA LUMPUR. Mon. Hotels will comply with the procedures laid down by the Immigration Department restricting the entry of foreign artistes. The Malaysian Association of Hotels and restaurants' (Mahar) chairman of publicity and public relations, Encik Abu Zairin today said copies of these procedures207 words
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603 1977-12-20 12 Reuter WASHINGTON, Mon. The Treasury Department said it has been changing its form used for bidding in US gold sales, but an official called the changes technical and not evidence of Intentions to sell gold In the near future. The official declined toReuter - 603 words
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Article760 1977-12-20 12 LONDON, Mon. Government bonds closed near the day's highs while some leading equities declined in slack trading. Long dated government stocks rose up to 1-1/8 points following last week's UK trade surolus and the strength of sterling, dealers said. Leading Industrials closed mixed to easier. At 3 pm,760 words
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555 1977-12-20 12 COLIN CHEI, JOHN TAN - •r COLIN CHEI, JOHN TAN THE local office of the Sanwa Bank was yesterday upgraded to offshore banking status, after six years as representative office since its establishment in May 1971. Mr. Teruaki Tanaka, general manager of Sanwa's local branch, said that application for555 words
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567 1977-12-20 12 Agencies. JAKARTA. Mon. Indonesia's gross foreign reserves could exceed US$3 billion (557.02 billion) when quarterly oil receipts are paid into the Treasury next month. At end October, banking sources said, reserves stood at $2.86 billion and at only $443 million at the height ofAgencies. - 567 words
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Page 12 Advertisements
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Advertisement55 1977-12-20 12 BEST TEPPAN-YAKI STEAK! 9 SINGAPORE OKOH Japanese Restaurant 4th Fir. Supreme House. Penang Road. Tel: 32 7661 Sax OKOH Of GINZA Japanese Restaurant Bewment. Hong Laong Blag Rattles Quay. Tel *****81 KATSURA Japanese Steak House Orctiid Inn. Ounearn Rd Tel *****2 > T 1 REDIFFUSION ~ce listen I ON(,KR and55 words
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Advertisement51 1977-12-20 12 I W&,it y- •v. 5 •4 > "> V> m &■■> DRY fIY F-M. As high spirited as the flamenco Not 100 dry. Not too sweet. The sherry for all times. Another product specially brought to you by Hock Tong Bee Pte. Ltd. 547, Bukit Timah Road, S'porc 10. Tel:51 words
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