The Business Times, 24 December 1977
1977-12-24
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The Business Times
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Title Section10 1977-12-24 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, DECEMBER 24, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article55 1977-12-24 1 AFP KUALA LUMPUR, Fri. Peninsular Malaysia recorded a lower trade balance of M 51,244.5 million during the first 10 months this year, with $1,266.8 million for the same period last year. Official statistics published here today show that rubber was again the leading export commodity, followed byAFP - 55 words
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Article48 1977-12-24 1 Reuter TOKYO, Fri. The Bank of Japan rules out reductions of long-term interest rates in Japan at this stage. The Bank wants to see if the present sharp rise over par in corporate bond prices in the secondary market is only temporary, officials said. Reuter.Reuter - 48 words
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Article47 1977-12-24 1 Reuter NEW YORK, Fri. The current upward trend in gold prices could peak near US$2OO (Ss47o) an ounce next year, while silver prices are expected to advance firmly but irregularly over the next few years, William Parry, an official of Handy and Harman, said. Reuter.Reuter - 47 words
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Article42 1977-12-24 1 AFP JAKARTA, Fri. West Java Governor Aang Kunaepi has ordered Bandung Mayor Utju Djunaedi to investigate reports about the embezzlement of "hundreds of millions of ruplahs" of funds in the Bandung city administration, the Antara news agency reported today. AFP.AFP - 42 words
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Article38 1977-12-24 1 Reuter KUALA LUMPUR, Frl. Total assets and liabilities of commercial banks In Malaysia rose to M 515.44 billion at end-September from $15.41 billion at end-August and $12.94 a year earlier, Bank Negara Malaysia said. ReuterReuter - 38 words
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Article72 1977-12-24 1 UPI NEW YORK, Frl. Prices moved higher during the first hour in active pre-Christmas trading on the New York Stock Exchange. The major influence on the market, according to some analysts, seemed to be President Carter's recent statement supporting the dollar. The Dow Jones industrial average was aheadUPI - 72 words
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Chief Price Changes
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Article, Illustration179 1977-12-24 1 CONDITIONS were steady to firm in another day of quiet trading on the Stock Exchange of Singapore yesterday. Across-the-board gains outnumbered losses five-to-one. Consequently, the Business Times index leaped to its new high of 494.97, up 6.86 points while the Straits Times Industrial share index rose 0.76179 words
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Article122 1977-12-24 1 Rite* Most active O.C.B.C. 6.06 +.15 P Bank 2.38 .10 M Banking 92.000 Kamuntlng 2.50 .10 B Ray a 83.000 DBS. 3.02 .10 M Credit 81.000 77.000 Hong Kong Tin 9.30 .10 UOB U.O. Bank 2.99 .09 Total Turnover: 1.63M Isl and Pen 2.16 .06 Total Value122 words
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Article, Illustration887 1977-12-24 1 TERESA LIM - GENEROUS TARIFF CONCESSIONS By TERESA LIM TRADE In Singapore received an unexpected Christmas boost yesterday when the Port of Singapore Authority announced its new concessionary tariff rates Its largest In recent years. The PSA concessions effective from Jan 1, are not merely an answer to887 words
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Article166 1977-12-24 1 UPI LONDON, Fri. There was no Christmas respite for the US dollar today, which dropped In all money markets except Tokyo. Gold jumped as the dollar slipped. In London gold opened at U*****,125 (*****.64) an ounce, up $1.75 overnight, and in Zurich, the gain was againUPI - 166 words
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565 1977-12-24 1 JOHN TAN - •y JOHN TAN SINGAPORE manufacturers will be able to sell more electrical measuring Instruments to Indonesia, typewriters to Malavsla, ball bearings to Thailand, and carbon electrodes to the Philippines from next month. That Is when the first batch of goods under the Asean Preferential Trading565 words
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Article464 1977-12-24 1 KUALA LUMPUR, Thurs. Trade and Industry Minister Datuk Serl Hamzah Abu Samah today warned that Malaysia may be driven to break the sugar agreement with Australia. "This is because we cannot expect the people to pay a high price for sugar when it is464 words
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270 1977-12-24 1 Reuter HONGKONG, Fri. Interim reports must be issued by all listed companies on the four Hongkong stock ex* changes from April 1, 1978 within three months after the end of the issuer's interim sixmonth period. In a statement, the council of the HongkongReuter - 270 words
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666 1977-12-24 1 TOKYO, Frl. Japanese business leaders said the 34.29 trillion yen (***** billion) draft budget approved by the Cabinet will not be enough to enable Japan to achieve its target of 7 per cent real economic growth In fiscal 1978 starting next April. Mr.666 words
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Page 1 Advertisements
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Advertisement132 1977-12-24 1 «5> THE Editor and staff of Business Times exU| tend warm greetings to all our reader* and advertisers and wish them a Merry Christmas Because so many of the world's markets W 3Jt and businesses are closed for the festive season there will be no Business Times on W Monday132 words
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Advertisement125 1977-12-24 1 ■V 'J, #^3 IK3B ?:jr v V> A MOST a&nNGOSHED cm Peugeot 604 exudes luxury. It's rigid body is protected by Electrophoresis and six handsprayed coats of paint plus a top layer of varnish. Insulation from noise and vibration is achieved via a floating differential, seats that are tuned to125 words
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Advertisement163 1977-12-24 1 U-BIX COMPLETE COPYWG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE 'Tel *****4 (5 Lines) APS ELECTRONICS (M) SON BHD KU&A LUMPUR Tel 03-*****0 SEE PAGE 11 12 dSEdruBUSIHESS OUORTEBI The Autumn issue of the ASEAN Business Quarterly includes a 5-page analysis of ASEAN's urea projects and finds these to be less163 words
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MARKET REVIEWS
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756 1977-12-24 2 GERALD COLVERD - LONDON By GERALD COLVERD LONDON refuses to be diverted from its Intentions to celebrate the end of a year which in retrospect. has seen a transitional phase from depression to cautious optimism. Consequently, activity in the markets Is at a seasonal low while traditional756 words
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Article200 1977-12-24 2 NOTABLE among London's year-end performing stocks are the remnants of the former Slater Walker banking group now retained under the name of Britannia Arrow Holdings. Over the year, the shares have moved from a low of 6p to end near their best price of the year at200 words
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Article108 1977-12-24 2 Reuter PARIS, Fri. Penal supplementary reserves held by French banks with the Bank of France fell to 700 million francs (Ss3l4 million) by Oct. 20. In September they rose sharply to 2.6 billion francs from 700 million in August, the quarterly report of the Bank ofReuter - 108 words
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Article787 1977-12-24 2 A LAST minute surge of interest In the long depressed financial sector was the bright spark in a generally dun week on the Kuala Lumpur Stock Exchange. Following in the wake of Thursday's marked steadying of the shares on the market, the sector surged ahead on the KLSE787 words
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Article886 1977-12-24 2 SINGAPORE AN EASIER trend on the first three days of trading on the Stock Exchange of Singapore this week was replaced by steady to firm conditions on the last two days. While the easier trend was restricted to only some of the counters, the steady conditions886 words
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210 1977-12-24 2 Reuter LONDON, Frl. Sterling lending to UK residents by banks rose £477 million (SS2.I billion) the three months from August to mid-November against a £1.46 billion Increase the previous quarter and a £1.2 billion rise In the year-age period. Of this total. £395Reuter - 210 words
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Article158 1977-12-24 2 Reuter PARIS, Frl. Lending volume on the mediumterm syndicated credit market reached a record estimated US$3l billion (5574.4 billion) this year, up from $27.9 billion last year. The Organisation for Economic Cooperation and Development said in its financial market trends review that it estimated overall volumesReuter - 158 words
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112 1977-12-24 2 Reuter LONDON, Frl. Two loan agreements for La Soclete Natlonale Sonatrach, the Algerian state oil and natural gas concern, have brought total UK Export Credit Guarantee Department (ECOD) foreign currency financing to US$5OO million (SSI.2 billion). Negotiations In progress for new foreign currency ECGD-backedReuter - 112 words
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Article63 1977-12-24 2 Reuter LONDON, Frl. The Bank n Bl ar >d announced allotment details of the UK 7i, e a cVJ ry ,f 800 million (553,544 million), 10* per cent, 1099 stock which closed oversubscribed on application yesterday morning. Amounts applied for ud to £500,000 were allotted InReuter - 63 words
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224 1977-12-24 2 GOH HIANG PONG - by GOH HIANG PONG OTHERS Malayawata Steel has received government approval for the proposed second rolling mill which is expected to boost its annual capacity from the present 150.000 tonnes to 500,000 tonnes when commissioned in 1981. Jack Chia MPH has agreed224 words
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Article274 1977-12-24 2 FRANKFURT, Frl. The British Gas Council is making early repayment of bond issues worth 300 million marks (SS3IB million) raised in 1969. in line with the British government's apparent policy of gradually redeeming public sector loans denominated in strong European currencies. Both bonds, a 200 million mark274 words
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Page 2 Advertisements
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Advertisement340 1977-12-24 2 Slow boat r tADE ill %i: *J mDT mde Ws V n i j*~ J .»>'» $1 *c <®SSf CHINA TRADE QUARTERLY Far East Publications gj 1913, Hanglung Centre, Paterson Street, Causeway Bay, Hong Kong. I J Please enter my full subscription to China Trad* Quarterly. lam enclosing a cheque/money340 words
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Page 2 Miscellaneous
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Miscellaneous382 1977-12-24 2 THE WEATHER WEATHER report for 24 hour* prior to 7.30 pm on Dec 23 at Singapore airport. Maximum Temperature 30.1° C Associated Humidity 77 Minimum Temperature 22.7° C Associated Humidity 100 Hours of Sunshine 8.15 Rainfall in Millimetres 5.9 Total Rainfall for the Month 169.9 Total Rainy Days for the382 words
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OVERSEAS
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594 1977-12-24 3 AP Reuter CARABALLEDA. Frl. The failure of the Organl-. satlon of Petroleum Exporting Countries to agree on oil prices for the second straight year reflected market realities and does not mean Opec is hopelessly divided, Opec officials said. The organisation's oil ministers,AP; Reuter - 594 words
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621 1977-12-24 3 AFP PARIS, Fri. The prospect of unchanged oil prices during the first half of next year was welcomed In Western capitals yesterday as a boon for Industrial countries faced with problems of continued slow growth and high unemployment. The deferment until next JuneAFP - 621 words
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Article192 1977-12-24 3 Reuter PARIS, Fri. Oil stocks in the US reached a record 1.04 billion barrels seasonally adjusted at the end of October, over 12 per cent up on the high end-1976 levels. The Organisation for Economic Cooperation and Development (OECD), In its monthly analysis of trendsReuter - 192 words
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648 1977-12-24 3 Reuter TOKYO, Frl. Japanese Finance Ministry officials welcomed President Carter's statement on his administration's exchange market intervention policy but added it still remains to be seen how far the US will actually go In its Implementation. They said Mr. Carter's reaffirmation that the USReuter - 648 words
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Article93 1977-12-24 3 Reuter STOCKHOLM. Frl. Sweden and the Soviet Union yesterday signed a fishing agreement here regulating Soviet catches In Swedish waters for next year. However, talks on the disputed demarcation line proposed by Sweden between their two Baltic coastlines were postponed. The two countries grant each otherReuter - 93 words
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325 1977-12-24 3 AFP AP WASHINGTON. Frl. The 1978 winter wheat crop In the US Is forecast at about 1.32 billion bushels, down 13 per cent from this year's surplus-building harvest. American farmers have planted 119 million hectares of winter wheat for next summer's harvest, compared withAFP; AP - 325 words
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Article90 1977-12-24 3 CROSSWORDS l ACROSS.— 1, Hate. 4, Spills. 8, Boa, 10, Ague. 13, Increase. 14, Prevent. 15, Domain. 17, Carnation. 21, Not. 22, Act. 23, Led. 26. Freemason. 27, Carpet. 28, Fingers. 32, Repelled. 34, East. 35, Dog. 36, Endure. 37, Mean. DOWN.— 1, Heap. 2, True. 3, Coin.90 words
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Article93 1977-12-24 3 ACROSS.— 1, (the) Push. 4, Always. 8, Cue. 10, Stab. 13, Dead-shot. 14, S-H--rivel. 15, Settle. 17, Gold miner. 21, Wa(LL)y. 22. Row. 23, Set. 26, Horsemeat. 27, Pop-gun. 28, Fooling. 32, Right arm. 34, TotE. 35, Yet. 36, Tenure. 37, Make. DOWN.— 1, Pass. 2, Spar. 3,93 words
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172 1977-12-24 3 WASHINGTON. Frl. President Carter will send to Congress a defence budget next month for the fiscal year 1979 featuring a 2 per cent increase in real terms over the current year's outlay. Pentagon sources said Mr. Carter would propose outlays totalling US$l26 billion (*****172 words
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211 1977-12-24 3 Reuter WASHINGTON, Fri. A Congressional committee yesterday killed all hope of a breakthrough this year on President Carter's energy bill and left propects for next year clouded. The action means that Mr. Carter will leave on his overseas trip on Dec 29 wlthoatReuter - 211 words
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Article62 1977-12-24 3 UPI WESTWEGO (Louisiana), Fri. A towering steel and concrete grain elevator belonging to Continental Grain Co. exploded along the Mississippi river and smashed down on a twostorey office building yesterday. The blast destroyed the US$lOO million (***** million) plant and killed more people than any grain industryUPI - 62 words
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624 1977-12-24 3 Reuter PITTSBURGH, Fri. The American steel industry appeared committed to a 5.5 per cent increase on most products early next year, which could result In higher costs for cars and appliances. US Steel Corporation, the nation's largest producer, and National Steel Corporation yesterday announcedReuter - 624 words
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356 1977-12-24 3 Reuter UPI LONDON, Fri. Britain's merchant seamen yesterday accepted the 10 per cent Increase on the .basic wage offered them last month by the General Council of Shipping, representing the employers. The union had previously rejected an offer of 10.5 per cent which wasReuter; UPI - 356 words
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Page 3 Advertisements
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Advertisement146 1977-12-24 3 SEE PAGE 10 You mean, for the December 77 issue of The Craft of Sound? kJh n m is 5 m m Special features on installing sound equipment in the car and how the soundtracks of TV programmes are made. Also, a host of audiophiles write of their adventures in146 words
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COMPANY NEWS
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Article, Illustration884 1977-12-24 4 MANO SABNANI - •y MANO SABNANI SHAREHOLDERS of Sea View Hotel do not appear to have been much affected, at least as far as the value of their shares are concerned, by the dismal performance of their company in the last financial year. Despite the884 words
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Article166 1977-12-24 4 Reuter Haw Par Brothers International said it placed 13 dormant subsidiaries in Hongkong and one in Singapore into voluntary liquidation and applied to the Singapore Companies' Registrar for deregistration of a further two subsidiaries. A company statement said none of the companies had any assetsReuter - 166 words
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Article30 1977-12-24 4 THE following company meeting is due: Central Securities (Holdings) Bhd.: Dec 27 at' the Registered Otflce, Penthouse, 10th Floor. W4sma Central, Jalan Ampang,, Kuala Lumpur at 10.30 a.m.30 words
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Article399 1977-12-24 4 Current payment Em Date Date payable Total for tbe yaar Total far »mlw fmt Premium Hldfi kin La Keiiaa Wttrm Kramat It land A P Inchcape M. Box Bhd Metal Box S'pore S>ore Land Pet a ling Tin T. Harbour Selangor Dredging Boustead Kuala Lumpur Chem Ind (FE>399 words
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Article332 1977-12-24 4 LOWER Perak Tin Dredging has struggled back to the growth path again after suffering from the sharp 55 per cent fall In profits In the last financial year. Pre-tax-profit turned in for the first six months of the current year ending March 31, 1978 came to M332 words
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Article73 1977-12-24 4 METRO Holdings: Group pre-tax profit $2.51 million ($2,16 million) for the first half year ended Sept 30, 1977. Sales $39.73 million ($32.93 million). Duff Development: PreUx profit M 51.79 million ($896,714) for the year ended Aug 31, 1977. Sales $13.66 million ($11.09 million). Tax $550,000 ($234,764), exceptional expenses73 words
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Article73 1977-12-24 4 Reuter THE Stock Exchange of Singapore said it temporarily suspended trading in Temenggong effective from next Tuesday, Dec. 27. It said the suspension was related to the takeover offer for Temenggong by the majority shareholders, Bowater Group. Bowater (South-east Asia) last month made an offer of $2.10 perReuter - 73 words
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Article716 1977-12-24 4 NYT WASHINGTON: With President Carter's energy tax proposals tied up In Congress, the Treasury Department Is under Increasing pressure to rule on a tax break worth an estimated US$l billion annually to the multinational oil companies. At Issue Is the tax Opec countries ImposeNYT - 716 words
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Article1517 1977-12-24 4 December 22 TRADING In options on the Chicago Board Options Exchange came to 99,881 contracts compared with 101,314 contracts on Wednesday. OPTION JAN APL JLY STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P 401,517 words
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203 1977-12-24 4 GENERAL Lumber (Holdings) nyi the fire which broke out at the sawmill ot its subsidiary company. General Sawmills, will have minimal effect on the net profit of the (roup. Replying to the Kuala Lumpur Stock Exchange queries, the company however added it does not have203 words
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Article99 1977-12-24 4 THE board of Jack Chla Mining and Industrial now comprises the following directors: Mr. Jack Chiarapurk (chairman and managing director), Mr. Liew Shou Kong, Mr Vira Aroonvatanaporn and Mr T.R. Hepworth. Mr. Soo Meng Tong has been appointed chief accountant of Vosper Singapore on his return from99 words
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Page 4 Advertisements
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Advertisement398 1977-12-24 4 A Major New Talent in Penguins Paul Theroux Paul Theroux, an American now living in London, has been acclaimed as one of today's major writers compared with Graham Greene and Joseph Conrad. The Great Railway Bazaar, his latest in Penguins is the true story of Theroux's railway odyssey from London398 words
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INTERNATIONAL COMPANY NEWS
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583 1977-12-24 5 NORTH AMERICAN COMPANIES NYT NEW YORK: John Schumacher, who was dismissed In October as chairman of the Bonwit Teller retail chain, has been charged by Genesco, Bonwlt's parent company, with allegedly diverting funds, labour and materials from the remodelling of Bonwit's New YorkNYT - 583 words
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Article63 1977-12-24 5 Reuter SAN FRANCISCO: Bank of America said it is opening a new branch in Busan, South Korea which will be in addition to the branch it has in Seoul. The Busan branch will be the first foreign bank in that city. Bank of America said. Meanwhile, the bank saidReuter - 63 words
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Article160 1977-12-24 5 Reuter NEW YORK: Time Incorporated has announced it is buying a major cable television company, American Television and Communications Corp. Time said it would offer 1.55 shares of Time convertible preferred stock for each share of the common stock of ATC. There are about four millionReuter - 160 words
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180 1977-12-24 5 EUROPEAN COMPANIES Reuter LONDON: Trafalgar Hovse profits for the current year ending Sept SO should show a satisfactory increase, chairman Nigel Broackes said in the annual report. Pretax profit in the last financial year rose to £46.4 million compared with £33.6 million the previousReuter - 180 words
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Article46 1977-12-24 5 Reuter ZURICH: Algemene Bank Nederland has acquired 60 per cent of the share capital of Neue Bank. Zurich, from Skandinaviska Enskllda Banken, Stockholm, a spokesman for Algemene Bank Nederland In der Schweiz said. Skandinaviks Enskllda Banken retains a 15 per cent participation in Neue Bank.Reuter - 46 words
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Article316 1977-12-24 5 UPI NEW DELHI: International Computers Ltd (ICL) of England has proposed to the government that it hold a minority share in an Indian company it plans to launch for the manufacture of computers. Prime Minister Morarjl Desai told parliament on Thursday that ICL has "proposed theUPI - 316 words
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Article178 1977-12-24 5 Reuter LONDON: General Accident Fire and Life Assurance Corp said it will increase premiums on private car insurance by around 9 per cent from Feb 1. General Accident said the increase follows a rise In the number of claims, the rising cost of accident repairs and court awardsReuter - 178 words
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Article137 1977-12-24 5 Reuter MILAN: Montefibre lost 52 billion lire in the first eight months of this year, after depreciation of 10 billion, chairman Antonio Belloni said. Plant managers have been Instructed to eliminate losses incurred by excess personnel and to stop ad- vancing compensation payments on behalf ofReuter - 137 words
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Article420 1977-12-24 5 FT JOHANNESBURG: Murray and Roberts, South Africa's leading construction firm, is feeling the pinch of the decline In infrastructural expenditure. While this has been evident for some time, it is only now that the contracts written in the last two or three years are being completed and cashFT - 420 words
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151 1977-12-24 5 ASIAN COMPANIES AFP TOKYO: Chisso Corp, a deficit-ridden Japanese chemical company accused of causing the so-called "Minamata" mercury poisoning, has announced it will drop out of the Tokyo Stock Exchange's major section, probably in June next year. Mr. Kenichl Shlmada, president of theAFP - 151 words
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Article127 1977-12-24 5 UPI TOKYO: Chiyoda Shoes Co has agreed to have Its shares delisted from the Tokyo Stock Exchange because of Its inability to meet tightened listing requirements starting next March 31. The TSE's new standards call for delisting of a company if its debts have exceeded Its equity inUPI - 127 words
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Article94 1977-12-24 5 Reuter TOKYO: Mitsui Mining and Smelting Co said it plans to suspend operations at its Kamloka zinc mines and zinc smelter for a few weeks next February. Mitsui said the Kamloka zinc mines In central Japan has deposits estimated at 42 million tonnes. The mines produce zinc ore atReuter - 94 words
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Article62 1977-12-24 5 Reuter TOKYO: Sumitomo Chemical Co said it had agreed to sell in Japan for seven years drugs manufactured by Britain's Welcome Foundation. Sumitomo said annual proceeds were estimated at three billion yen, and added in a statement it would manufacture some of the drugs under the agreement. Drugs toReuter - 62 words
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Article54 1977-12-24 5 Reuter HONGKONG: Stelux Manufacturing Co said it has sold its factory to Mai Hon Enterprises for HK$4O million. Mai Hon Enterprises will lease the factory back to Stelux, its parent company, for an annual rental of $4.8 million for the initial sevenyear period. This sale liquidates Stelux's long termReuter - 54 words
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Article45 1977-12-24 5 Reuter SYDNEY: Oakbridge said the Australian Treasury reported there are no objections to the company's planned Joint venture with the British Petroleum group in the Clarence coal mine in New South Wales as far as the federal government's foreign Investment policy is concerned.— Reuter.Reuter - 45 words
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214 1977-12-24 5 AFP JOHANNESBURG: Harry Openheimer's giant AngloAmerican Corporation, the biggest employer in South Africa's mining Industry, has warned of a new eruption of labour troubles unless employers take action to curb black frustration. In a statement here prompted by attacks by white trade unions, theAFP - 214 words
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Article382 1977-12-24 5 Reuter TOKYO: Sony Corp is aiming for 10 per cent growth In consolidated" net sales in the current year ending next Oct 31 from last year's 506.02 billion yen, a company spokesman said. The spokesman declined to make a net profit prediction toReuter - 382 words
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Article173 1977-12-24 5 UPI TOKYO: Directors of the debt ridden Toyo Kogyo Co, maker of Mazda cars, has approvea tne appointment of Yoshio Yamazaki as the firm's new president. Kohel Matsuda. former president and member of the family that developed the Hiroshima-based Uto firm, became chairman of the board.UPI - 173 words
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Article33 1977-12-24 5 Reuter MELBOURNE: Electrolytic Refining and Smelting Co of Australia said it will raise its ex-works Port Kembla refinery copper price to A 51,120 per tonne from $1,100, effective from Dec 24. Reuter.Reuter - 33 words
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95 1977-12-24 5 Reuter TOKYO: Nissan Motor Co said it plans to export 1.23 million vehicles next calen-1 dar year, up 2.5 per cent, from an estimated 1.20 million units this year. Exports to the US are expected to fall 4.3 per cent to 470,000 next yearReuter - 95 words
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Article126 1977-12-24 5 LOANS Reuter LONDON: Malaysian International Shipping Corp Is raising a US$lB.5 million 10-year Eurocredlt arranged and managed by Kuhn Loeb Lehman Brothers Internationa). Euromarket bankers said the loan will carry a Vt per cent spread over London Interbank offered rates but UK lending banks will, in addition, receive taxReuter - 126 words
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Article89 1977-12-24 5 Reuter HANOVER; The US Dow Chemical Company has arranged a US$l5O million block credit, available until 1986, with an international banking' consortium, a spokesman for manager Norddeutsche Landesbank Girozentrale said,but he declined to give interest details. He said several Dow domestic and foreign subsidiaries this week signed credit agreementsReuter - 89 words
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Article123 1977-12-24 5 Reuter LONDON: National Petro- chemical Company of Iran has signed a US$5O million seven-year Eurocredlt with a group of international banks. j Kuhn Loeb Lehman < Brothers International said the loan carries a per cent spread over London Interbank offered rates, iden«lo the mar f? ln on theReuter - 123 words
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Article56 1977-12-24 5 Reuter FRANKFURT: The 100 million mark 6.25 per cent maximum 15-year private placement for the French regional development body Societes de Developpement Regional was priced at 99.50 per cent, bond market sources said. The issue can be redeemed after five vears, giving it an average life of 10Vi years.Reuter - 56 words
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Article40 1977-12-24 5 Reuter FRANKFURT: Standard Chartered Bank has signed a 125 million mark 6"i per cent 10-year Eurobond priced at 100'/, percent, lead manager Deutsche Bank said. The issue amount was raised from the originally envisaged 100 million marks. Reuter.Reuter - 40 words
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Article54 1977-12-24 5 Reuter NEW YORK: Carbocloro Industrias Quimicas of Brazil received a US$lOO million eight-year Eurodollar loan. Citibank International group said. The loan will finance expansion of Carbocloro's chlorine and caustic soda plant at Cubatao in the state of Sao Paulo. Carbocloro Is owned jointly by Diamond Shamrock Corp and UniaoReuter - 54 words
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Page 5 Advertisements
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Advertisement341 1977-12-24 5 n u FROM FEDERAL PUBLICATIONS LIM BIAM YAM i a step-by-step guide An easy-to-understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger of even the veriest novice. The joy of this book, however, is that341 words
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Article2385 1977-12-24 6 1*77 HiCh Low Company Last Sale +OTGr's div Div e'vr Gr'a y'ld Net P/E Vol COOO) Day High Low SECTION ON* INDUSTRIALS 154 204 110 246 88* 205 169 260 422 146 134 165 58 212 57* 155 150 182 350 91 Acma Alcom Allied Choc Bata2,385 words
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Article1562 1977-12-24 6 BID and offer price* officially listed and buainess ia and reported to the Stock Exchange of Singapore yesterday with the number of (hare* traded shown ia brackets ia lots of 1.000 uaiU unless otherwise specified. All time Settlement Contracts are Ced after the world "Sett". Board deals1,562 words
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Article1447 1977-12-24 6 BID and offer price* officially listed and buiinni in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified. industrials Ajin*m*t* (2.128 2 168). Alcom (1 6<sß 1.728). A. Chss (1.1781,447 words
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Article66 1977-12-24 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 (March $1.90) (0.698 0.755). (March $2.30)(0.298). Inchcape (March $2.10) (0.16B) (2) 0.16.66 words
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Article163 1977-12-24 6 SINGAPORE UNIT TRUST INCOME BOND UNIT IMaaagers priec The Commerce The Saving Fund S pore Prof Fund for Dec 27) 1 rurTMl a. 1 78 1.05 0.84 1.89 1.11 0 89 INCOME BOND 109 1.15 MARA BUMIPUTRA FUND 8'pore Security Fund 1.63 1.02 1.73 1.08 imanafm prtcea First163 words
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Article173 1977-12-24 6 B O T 8 I#% 1981 (100.000) (100*B 101*S) B O T 7 5/8% 1984 (100.000) (96*8 97*S) B O T Floating 1984 (100.000) (98 iB 99 '«S) LTCB J 1982 (100,000)(98VB 99 1 .S) Credit Lyonnais Floating 1983 (100.000) (97*8 98SS) C Itoh 8 1/8% 1984 (100.000)173 words
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Article123 1977-12-24 6 Rep Spore D Mark 7% 1982 (100.000) (102HB 103*S) Rep Spore 6 1/2% 1983 (100.000) (102*.8 103SS) Rep Spore 7 3/4% 1987 (100.000) (99H8 10PSS) 4 3/4% 1/5/79 (250.000) (100.378 100.455) 5 1/4% 15/10/79 (250,003) (100.908 101.10S) 4 3/4% 15/9/80 (250,000) (99.258 99 455) 6 3/4% 1/12/80 (250,000)123 words
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Page 6 Advertisements
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Advertisement643 1977-12-24 6 Where to wine and dine Orachid Inn "an o«sis in th« orltnt" Cockpit lsotrl 6/7 Oxley Rise/ Penang Road, S'pore 9. Tel: *****1 SNGAPORE HLTON 214 Dunearn Road, S'pore 11. Tel: *****2 Orchid Inn wishes you a Merry Christmas Moby Dick (24 Hours Coffee House) Traditions must never be forgotten!643 words
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Article, Illustration582 1977-12-24 7 CONDITIONS were steady to firm in light trading on the Stoch Exchange of Singapore yesterday. The marhet reacted favourably to the oil price freeze at the end of the Organisation of Petroleum Exporting Countries' meeting in Venezuela and bullish sentiment pushed many shares into plus territory. Another582 words
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Article364 1977-12-24 7 THE Kuala Lumpur stock market yesterday closed the week on a steady note with marginal gains across a board front In light trading. Market observers attributed the price appreciations noted to covering activities ahead of the long weekend holiday. There is, however, no doubt that a steadier364 words
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INTERNATIONAL STOCK MARKETS
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Article375 1977-12-24 7 HONGKONQ: Share prices continued to fall yesterday in relatively large volume but bargain hunting towards the close saw the market finish above the day's lowest levels, dealers said. The Hang Seng index dropped 3.28 to the year's closing low of 405.95 after losing over four points earlier in the375 words
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Article496 1977-12-24 7 TOKYO: Share prices closed lower yesterday on news Chiaao Corp decided to delist Its shares on the Tokyo and Osaka Stock Exchanges, dealers said. The Dow Jones average fell 7.12 to close at 4,871.82 with volume of 230 million shares. The New Index closed at 362.96 down 1.10. The496 words
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Article355 1977-12-24 7 SYDNEY: The market firmed yesterday with BHP rising 10 cents to A 55.74, dealers said. The Sydney AU-ordlnarles Index rose 4.18 points to 466.39. CSR rose five to 2.85, Queensland Mines 25 to 2.35, Thieaa eight to 1.80, Pancontinental 45 to 11.95 and Central Norseman six to 6.90. Myer355 words
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Article161 1977-12-24 7 MANILA: The market closed firmer yesterday In all sectors, dealers said. Turnover rose to 4.84 million pesos from Thursday's 2 35 million. Atlaa and Philex gained six and four points respectively while other mining Issues Increased minimally. Local Trana A«ia rose three points and other oil issues advanced fractionally.161 words
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Article128 1977-12-24 7 DEC S Bahts Asia Fibre 254 •fl Bangkok Bank 383 unch Bangkok Invest 324 4 Bangkok-Metro-politan Bank Bata BerUJucker 504 +4 Charoong Thai Wire 309 *3 Dumex Duslt Thanl 330 +37 Faber Merlin First Trust 312 +4 Genera Finance Indo-Thai Industrial Finance Corp 2105 unch J And J Ho128 words
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Article319 1977-12-24 7 AMSTERDAM: The market firmed in line with Wall Street on Thursday and In reaction to the recovery of the dollar on foreign exchanges, dealers said. Dutch laternatlonals rose up to one guilder led by Hoogovens. Elsewhere iharea were generally firmer although isolated losera were NMB. gittbrocades and Ahold. RSV319 words
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Article146 1977-12-24 7 BRUSSELS: Belgian share prices closed mainly higher In more lively trading on Thursday. bourse sources said. Sofina, Cobepa, Unerg, Electrafina, Aaturienne, Hoboken, FN, Clabecq, Hainaut-Sambre and St Roch rose while Electrobell, Acec, Moaane, Finoutremer and Andre Dumont (ell. In foreign stocks. UK and US rose. Germans and French were146 words
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Article353 1977-12-24 7 FRANKFURT: Shares firmed on Thursday In response to the dollar's fresh rally and on news of the six-month Opec oil price freeze, bourse sources said. Exporter? showed the best gains with motors rising up to rive marks, engineerings up to 3.50 and steels by at most 2.50. Leading banks,353 words
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Article183 1977-12-24 7 MILAN: Share prices fell to new 23-year lows on Thursday as recent losses sparked off a further round of persistent selling which was unmatched by any buying interest, bourse sources said. Trading was thin and chemicals were again under heavy pressure. Liuuiga* fell sharply, with Its privileged share down183 words
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Article367 1977-12-24 7 PARIS: Shares on the "terme" market, quoted by brokers during the continued strike by bourse personnel, were firm on balance as the market responded on Thursday to the Opec oil price freeie. dealers said The firmer dollar and the point easing of all money also affected sentiment, they added.367 words
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Article305 1977-12-24 7 ZURICH: Shares closed mixed on Thursday with a firmer bias supported by the slight recovery of US currency, dealers said Swiaaair bearer continued easier while its registered stock edged higher. Small sains and losses were about balanced in banks and flnanclals Among Insurances, losses were in the majority. In305 words
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Article343 1977-12-24 7 JOHANNESBURG: Gold prices closed mixed In very llaht trading on Thursday, dealers said. Financial minings were auletly easier. Elsewhere. De Beer* dropped two cents to 583. Other metals and minerals closed narrowly mixed in slack trading. Industrials were basically steady with leading equities/ mixed. DEC 12 Rand INDUSTRIALS A343 words
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Article280 1977-12-24 7 TORONTO: Share prices were again supported by gains In metal and oil issues In moderate trading on Thursday. The Composite index rose almost seven points and advances led declines by more than two to one. The oils index was up more than 13 points, with Siebens Oil and Ca»280 words
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Article923 1977-12-24 7 NEW YORK: Further gains by the dollar In foreign exchange markets contributed to another stock market rally in the heaviest trading session of the month on Thursday. Analysts said Investors were also encouraged by the market's ability to surmount the 800 level of the DJ Industrial average. The923 words
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Article65 1977-12-24 7 FINANCIAL TIMES INDUSTRIALS Thursday 481.6 Wednesday 480 0 Week Ago 472.1 DOW JONES AVERAGE INDUSTRIALS Thursday 821.81 Wednesday 813.93 Week Ago 817.81 LONDON DOLLAR PREMIUM Thursday 93 to 93', Wednesday 92 W to 93 H.K. HANG SENG Thursday 409.23 Wednesday 411.03 Week Ago 416.26 SYDNEY INDUSTRIALS Thursday 404.33 Wednesday65 words
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Page 7 Advertisements
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Advertisement421 1977-12-24 7 mdfico .NGAPOHC Tanglin Circus, S'pore 10. Tel: *****1 gmg Hotel Royal H RAMADA* Newton Road, S'pore 11. 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 *****1421 words
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COMMODITY REPORTS AND PRICES
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Article413 1977-12-24 8 OPENING quotations on the Singapore rubber market yesterday were marked up 1.75 cents following higher levels after Thursday's close and steadier London advices, dealers said. The market then ruled quiet throughout the session due to general reluctance to trade ahead of the Christmas holiday, they413 words
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Article29 1977-12-24 8 Rubber: Dec 23 Singapore: January 193.75 cents (up 1.00 cent) Malaysia: 195.50 cents (up 0.75 cent) Tin: $1,730 (up (10) Official offering: 141 tonnes (down 106 tonnes)29 words
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Article300 1977-12-24 8 Prices In cents per kilo yesterday: Noon (per kilo) > Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 192.75 193.75N Int. 1 R.S.S. January 193.75 194.25 Int. 1 R.S.S. February 194.75 195 25 int 2R.S.S. 192 25 193.25N 191.25 192.25N Int.3R.S.S. 188.75 189.75N UK/Cont. 187.75 188.75N Int. 4 R.S.S.300 words
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Article93 1977-12-24 8 NOON SSR and SMR prices yesterday: January February RAS (Current Mth) (Forward Mth) Buyer* Seller* Buyer* Seller* (cent* perk*) (cent* per kg) SSR 20 (1-ton pallet) 189.50 191.SON 190.50 192.50N SSR 50 (1-ton pallet) 187 50 189.50N 188.50 19C.50N MRELB SMR5CV (1-ton pallet) 206 00 208.00N 207.0093 words
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Article347 1977-12-24 8 TRADING came to a near standstill on the Singapore produce market yesterday, ahead of the Christmas holidays. Local dealers were also not willing to take any new positions, with a number of them involved in end-of-year stock taking. On the transhipment front, activity was also at a low347 words
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Article62 1977-12-24 8 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Dec 22 until further notice: Rubber: 91-7/8 cents a pound Copra: $882 00 a ton Palm Kernel: $235 25 a ton The rates of duties payable are: Rubber: 15 cents a pound (total 20 '262 words
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Article235 1977-12-24 8 LONDON, Fri. Terminal coffee opened steady £16 higher to £12 lower compared with yesterday's close. Turnover was 201 lots. Near Months attracted much of the opening business with July recording the biggest rise. But traded distant Nov however lost £12. Dealers said trade house buying prompted some nervous dealer235 words
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Article112 1977-12-24 8 HONGKONG. Fri. The market was steady to higher with prices unchanged to HK$l.OO higher, dealers said. Total turnover was 439 tons comprising Thais 130, Kwangtungs 210 and Australias 99. There were no arrivals. (Prices in HK dollars per plcul exgodown) Thai White: 100 pet old crop Ist class 110.00112 words
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Article72 1977-12-24 8 C.I.F. Rotterdam, US dollars per ton. LONDON: Thunday Prvvioua Malaysia 5% ffa bulk Feb 500 sir 500 sir Sumatra 5% ffa Dee Jan 530 pd 520 pd 517.50 sir 510 pd Feb 510 sir 502.50 pd March 500 sir 495/500 pd April 497.50 sir 490 pd May 40572 words
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Article182 1977-12-24 8 LONDON, Frt. Terminal cocoa opened £8 up from last night spot December at £1,858 to £7.50 lower with support mainly attributed by dealers to covering of short positions prior to the long Christmas holiday weekend. They said spot Dec attracted some Isolated covering, having been sold yesterday at £133182 words
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Article176 1977-12-24 8 THE STRAITS tin price in Penang yesterday rose by Mslo to $1,730 a plcul on an official offering down 106 tonnes to 141 tonnes. The recovery was attributed to the sharply reduced supplies of tin concentrate from miners in view of the long weekend holiday, dealers said. In176 words
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Article195 1977-12-24 8 LONDON, Fri. Terminal sugar opened £0.60 up to £0.25 down from yesterday's 1700 hours levels and the turnover totalled 285 lots. However, gains of up to £1 were showing from last night's closing kerb levels which dealers said may have been due to unconfirmed trade reports of China recently195 words
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Article188 1977-12-24 8 HONGKONG, Fri. Sugar futures closed little changed in featureless and quiet trading, dealers said. March and May were the only Months traded. March rose 0.06 US cents and May held steady. Turnover fell to 12 lots from 43 yesterday, reflecting today's shortened trading day ahead of the Christmas188 words
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Article207 1977-12-24 8 YARN and cotton In Hongkong dollars, spot ex-godown: Cotton Yarn: China Blue Phoenix 20 s 1.800 32 s 2.050. 40 s 2.110 (per bale of 400 lbs) Piece Goods: China Butterfly and Globe brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Geese unq207 words
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Article95 1977-12-24 8 CHICAGO, Fri. Soybean futures closed at the day's highs on late short-covering and finished with gains of 9-1/4 to three cents a bushel. Early local and professional selling was a weakening influence but prices firmed on short-covering stimulated by news of the Continental Grain Co elevator explosion. Soybean product95 words
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Article73 1977-12-24 8 CHICAGO, Frl. Wheat futures were up \V» to 1% cent a bushel at the close, yesterday. The market was supported by expectations that the USDA would report reduced winter wheat plantings in the afternoon and prices fluctuated In a narrow range with the aid of light commercial buying. Additional73 words
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Article346 1977-12-24 8 A FURTHER decline of some two cents on balance was registered In a week dominated by weakness of the US dollar, durlac the week ended Dec 22. "Hiding was generally quiet for the most part and thinned out progressively towards the approach of the festive346 words
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Article292 1977-12-24 8 LONDON, Frl. Copper rose by £5 for cash and $4.50 for Three Months. Dealers attributed the very steady tone to the overnight close in US Futures and expectations of a moderate decline In LME stocks this week. Activity, however, was largely centred on preholiday book-squaring operations and this provided292 words
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Article168 1977-12-24 8 LONDON, Fri. Silver showed gains of 0.4 to 0.6 pence per troy ounce. Values were marked up at the outset reflecting the overnight gains at New York, dealers said. Three Months finished at 256.3 pence. The turnover of 88 lots was about half carries. The market is now closed168 words
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Article341 1977-12-24 8 THE KILOBAR opened at 512.332 and closed at 5512.340 in featureless trading In the Singapore gold market yesterday as most dealers have squared their positions. In LONDON, the metal opened at U*****.30/60 and firmed slowly in thin trading to close at U*****.90/ 162.20. The London morning gold fix was341 words
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Article62 1977-12-24 8 LONDON, Frl. Zinc was unchanged for cash and £1 down for Three Months. It held relatively steady In sympathy with copper. Trading was light with the turnover of 2,050 tonnes mainly carries. A small rise is expected In stocks this week. The market is now closed until Dec 28.62 words
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Article63 1977-12-24 8 LONDON, Frl. Lead lost t'3 for cash and £2.75 for Three Months. Following a steady opening, values later gave ground under liquidation in the ring down to £370 for Three Months. Subsequent stop-loss selling on the kerb pushed the position down to £367.50 Turnover of 3,900 tonnes was mainly63 words
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MONEY AND EXCHANGES
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Article485 1977-12-24 8 THE FOREIGN exchange market turned quiet yesterday ahead of the Christmas and vear-end holidays. As a result the US dollar did not see much activity. Against the Japanese yen, the dollar opened at 241.70/80, stayed there for most part of the day and, by London time, moved down485 words
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Article48 1977-12-24 8 ACBC 7 Algemene Bank 7 Bangkok Bank 7 HSBT 7 Bank of America 7 7 Bank of China 7 Malayan Banking 7 7 Bank Negara OCBC 6S 7 Indonesia 7 Ol'B Chartered Bank 7 CCB 7 Chase Manhattan 7 L'MBC 7 DBS 7 COB 748 words
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Article178 1977-12-24 8 Asian rates ASIAN currency deposit Interbank rates as at close on Dec 23 US Dollar* (Spot) Offer Bid 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths .7 3/4 7 5/8 .7 1/4 7 1/8 .7 5/l« 7 3/16 7 7/16 7 5/16 .7 3/4178 words
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Article48 1977-12-24 8 RANGE of prices offered by discount houses on Dec 23: Overnight 2% to 3*4* Gall deposit: 3*. Clot in Buying Selling 3-Month Treasury bills 31/4 31 3-Month Bank bills 4 13/16 411/10 3-Month CD St/16 S7/16 6-Month CD 5 7/8 5 3/4 Source: National Discount Co Ltd48 words
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Article108 1977-12-24 8 Euro rates LONDON, Frl. Eurodollar deposits held steady in minimal trading ahead of the coming holidays, dealers said. Shortdates showed little change except for the overnight which has eased 1/16 point since the opening to 2-15/16. 2-13/16. Period rates held very steady and were virtually unchanged on close. Eurodollar deposits108 words
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Article56 1977-12-24 8 AUSTRALIA/NZ exchanges on Dec 22: AUSTRALIA: US dollar 1 1370/1 1322 Sterling 0 8115/0 6045 Ninety-day air mall buying rates Sterling 0 6289 US dollar 1.1655 Ninety-day forward buying rate* Sterling 0.6070 US dollar 1 1298 NEW ZEALAND Sterling 0.5436/0.5407 US dollar 1 0100/1 0000 Ninety-day airmail buying rates56 words
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Article64 1977-12-24 8 ZURICH exchanges closing quotes on Dec 22. U8 2 0475-0625 Stg 3.8130-8378 Can 1 8727-8822 D Mk 94 95-95 64 D F1 88 09-68 F Fr 42 71-43 00 B Fr 6 08-1/4-10-1/2 D Kr 34 45-56 N Kr 38 76-89 S Kr 42 88-43 00 Lit 0 2320-232464 words
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Article49 1977-12-24 8 RESULTS of tender held on Dec 23 for 91-day Treasury bills to be issued from Dec 27 to Dec 30: Offered <25.000.000 Applied for. 878.500 000 AllottW-ta,000.000 Accepted Bids (99 20. approximately 25S higher bids in full Average rate of discount on allotment: 3 170% pa49 words
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Article138 1977-12-24 8 LONDON, Fri. Initial trading was extremely quiet, with currency rates quoted In wide spreads in view of the impending Christmas closure, dealers said. The dollar was quoted slightly firmer at 1.8600/30 against sterling compared with the 1.8650/70 New York close but later drifted in the 1.8620/50 range. The US138 words
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Article154 1977-12-24 8 NEW YORK, Fri. The dollar finished higher on balance although' most of the morning's gains were eroded in the afternoon yesterday, dealers said. The market remained extremely thin, they said, so that Individual transactions had an exaggerated impact on rates. Despite the morning's improvement, they noted that any154 words
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Article245 1977-12-24 8 TOKYO, Frl. The dollar for overnight delivery closed slightly higher at 241.55 yen, compared with a 241.50 opening and 241.25 at yesterday's close, dealers said. No Central Bank intervention was detected, they said. Trading was moderate with volume $245 million. Trading was moderate with many bank 4 and traders245 words
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Article130 1977-12-24 8 HONGKONG, Fri. Currency trading was minimal here with most operators' books closed ahead of Christmas, dealers said. Nominal quotations of the dollar against Continental currencies were made by some houses largely in line with New York's closing levels. The dollar was quoted at 2.1460/80 marks and at 241.55/65 yen.130 words
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Article49 1977-12-24 8 FRANKFURT exchanges opening quotes on Dec. 23: Can 1 9430/70 Stg 3 99/4.02 D F1 92 80/83 10 S Fr 105 00/50 Lit 2 45/46 F Fr 44 90/45 10 N Kr 40 97/41 12 B Fr (con) 6 40/43 B Fr (fin) 6 32/33 Yen 0 8900/2049 words
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Article378 1977-12-24 8 LONDON, Frl. Eurobond trading was quiet and featureless, dealers said. with the market closing early for Christmas. EUROBOND prices quoted on Dec 23 9traifhU Bid Offer Nippon Fud Bank 7V. 82 unav unav DSM( Holland 887 unav unav i BNDE( Brazil > 9% 84 unav unav Sweden 7v, 82378 words
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Page 8 Advertisements
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Advertisement379 1977-12-24 8 from Penguin 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 bestseller 'Humboldt's Gift', Bellow's brilliant images emerge at frequent intervals like sunshine through fog, witty, clever, radiantly imaginative and without doubt, Bellow379 words
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TRANSPORT A
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Article, Illustration282 1977-12-24 9 FAR EAST Levingston Shipbuilding Ltd has ■cored a first in Singapore with the construction of two dynamic positioning multipurpose workships. It is one of few shipyards in the world to have built such a vessel which has been specially developed to provide comprehensive site282 words
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Article228 1977-12-24 9 PENANG, Frl. The uncertainty of flights due to retiming of various MAS flight schedules Is causing confusion to regular travellers and cargo users. Various flights leaving Bayan Lepas Airport here during the past weeks, since the MAS crash In Johore Baru on Dec 4, have either228 words
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129 1977-12-24 9 AP STOCKHOLM, Frl. A bankruptcy threat facing the big Swedish Kockums Shipyard at Malmo was eased yesterday as the government agreed to put up a credit guarantee of 600 million kronor (SS3OO million) for two liquefied natural gas (LNG) ships being built without orders forAP - 129 words
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Article176 1977-12-24 9 AP LONDON, Fri. Interest on the London freight market yesterday centred on the European Import trades. Oermany, the Netherlands, France and Italy featured as discharging ports (or vessels from Norway, Canada, Brazil and Venezuela. Five combined carriers, meanwhile, found employment in expanded iron ore traffic. North AmericanAP - 176 words
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686 1977-12-24 9 NYT NEW YORK, Fri. President Carter's choice on Wednesday of Braniff Airways to fly the New Dallas to London route Instead of Pan American Is likely to have little Immediate Impact on the profits of either carrier. Over the longer term, however, afterNYT - 686 words
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Article317 1977-12-24 9 Reuter LONDON, Fri. The Labour government today called for constructive negotiations to resolve a dispute with Norway, Sweden and Denmark over the number of scheduled flights between Britain and Scandinavia. It was replying to Wednesday's announcement by the three Scandinavian countries that they Intended to terminate theirReuter - 317 words
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Article367 1977-12-24 9 MALAYSIAN International Shipping Corporation fMISC) Is the national flag-carrier of Malaysia and operates liner services in the two-way trades with Europe and Australia. In the Far East/ Europe/ Far East route, MISC provides one of the most comprehensive services to local "shippers: first there is the breakbulk and semlcontalner367 words
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Article, Illustration350 1977-12-24 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Dong Mln (2300 40/41 Hoegh Pilot (2300 after Asmara) 1/2 Kalemyo (1500 42/43 Muse (JQLA) (1200 subject freeboard) 27/28 New Star (OVES) (2100) 18 PASIR PANJANQ WHARVES Bonatlde (0730 after Pha Shwe Gyaw Ywa) Odns. 302 CB 1 685-778 Hoe Lee (0730 after350 words
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Article73 1977-12-24 9 Reuter MOSCOW, Frl. A new Soviet transport aircraft, the Antonov 72, made a test flight In the Ukraine today, the government newspaper Izvestla said. Powered by two Jet engines above the wings, It has a cruising speed of 600 to 720 km per hour. The new transport,Reuter - 73 words
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Article85 1977-12-24 9 THE Port of Singapore Authority Is conducting a series of soil investigations in East Coast reclamation schemes VI and VII area from Tuesday. The investigations which will last until Jan. 27, will be carried out during the day. The boring pontoon will be moored with four anchors85 words
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Article625 1977-12-24 9 ARRIVALS CWVIOI Operator Numbo Local r Time Vntm CAL CI333 0040 TPE/HKO/KUL CPA CX003 0145 HKO TMA TL302B 0530 TPE MAS MH682 0810 KCH CAL CI814 1000 HLP OIA OA 980 1030 HLP CPA CX710 1035 HLP THAI T0423 1035 BKK SIA SQ209 1045 HLP OIA GA944625 words
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Page 9 Advertisements
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Advertisement269 1977-12-24 9 When Malaysian petroleum resources dry up, so would hundreds of million dollars in revenue. What then? Find out in the December issue of MALAYSIAN BUSINESS Today, the petroleum industry is Malaysia's number 2 export industry, with revenue earnings estimated at $700 million for this year and $820 million for 1978.269 words
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1653 1977-12-24 10 FOURTH in a series on US banks and the federal agencies that regulate them. In this article, Judith Miller of the New York Times examines the steps being taken by the regulators to strengthen their agencies. NYT IN THE headquarters of the OfficeNYT - 1,653 words
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Article, Illustration940 1977-12-24 10 JUAN DE ONIS - By JUAN DE ONIS NYT CARACAS: Four years after shocking the world with a sudden, four-fold increase In crude oil prices, the members of the Organisation of Petroleum Exporting Countries (Opec) have disagreed sharply over a new price rise and are worriedNYT - 940 words
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863 1977-12-24 10 IT WAS once thought that unemployment was simply a symptom of economic recession, the "bust" part of the "boom and bust" cycle. But economists now see the crisis differently. George Short reports from London. Reuter MILLIONS around the ie world face theReuter - 863 words
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Article, Illustration929 1977-12-24 10 THOMAS MULLANEY - By THOMAS MULLANEY NYT NEW YORK: After seeing a strong upsurge in sales the better part of the last two years, domestic new car sales advanced only 2.3 per cent In November this year and then fell 6.3 per cent from aNYT - 929 words
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Page 10 Advertisements
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Advertisement158 1977-12-24 10 the 8 Steps to Health and Peace by Richard L. Hittleman (author of "yoga 28 day EXERCISE PLAN) Richard Hittlaman, tha most widaly-raad author in tha world on tha subjact of yoga, praaanta in this book hia most compiata and in-dapth study of tha subjact to data. Instruction is givan158 words
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801 1977-12-24 11 AFP HONGKONG, Frl. Lack of response from Norway and Sweden to Hongkong's proposal for a three-month extension of expiring bilateral textile agreements Is worrying Industrialists here. A senior official of the Chinese Manufacturers Association, Mr. Ngal SluKlt, today said there was deep concern that theAFP - 801 words
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Article, Illustration367 1977-12-24 11 PETER CHIA - BY PETER CHIA THE DAY of the fisherman sitting quietly far out at sea with a line dangling from his hands will soon be a thing of the past if a Norwegian firm could have things its way. The firm of O. Mustad367 words
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225 1977-12-24 11 AFP "KUALA LUMPUR, Fri. Nepal and Malaysia have agreed to take step* to increase bilateral cooperation and trade relatioos. The agreement was reached at a one-hour meeting between the visiting Nepalese Foreign Minister Krishanaraj Aryal and his Malaysian counterKirt, Tengku Ahmad thauddeen hereAFP - 225 words
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158 1977-12-24 11 Reuter HONGKONG, Fri. About 40.5 hectares of land occupied by the British army In the urban areas here are to be handed over to the Hongkong government for town development projects. The British government has agreed at the request of the Hongkong government toReuter - 158 words
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117 1977-12-24 11 JAKARTA, Frl. The government has decided to grant foreign tourists a one-month visa on arrival In Indonesia starting In January, a Communication Ministry spokesman said today. He said the decision was aimed at increasing the flow of foreign tourists into Indonesia a subject discussed117 words
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767 1977-12-24 11 UPI Reuter TOKYO, Frl. The Japanese Cabinet approved a record US$l43 billion (***** billion) general account budget for Japan's 1978 fiscal year, designed to revive the country's economy and enable Japan to import more foreign goods. Under Japan's two-tier budget system, It willUPI; Reuter - 767 words
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Article121 1977-12-24 11 AFP TOKYO, Frl. Japan's Fair Trade Commission said in its white paper for fiscal 1976 that unfair practices by enterprises increased In the year amid the recession. The white paper said there were 171 case* of suspected violation of the anti-monopoly law in fiscal 1976, up fromAFP - 121 words
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Article797 1977-12-24 11 NOORJAHAN KARIM - By NOORJAHAN KARIM KUALA LUMPUR, Frl. Finance Minister, Tengku Razalelgh Hamzah, believes that many of the misgivings of bankers about financing small-scale bumiputra enterprises and agricultural projects stem from their lack of banking expertise in these areas. A banker, he added, would have to797 words
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250 1977-12-24 11 HONGKONG, Frl. China's coal production plan for this year was completed 28 days ahead of schedule with a total output of 10.2 per cent more than last year. Coal mines In Honan province produced 1.65 million tonnes by Dec 10, the best record in the250 words
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Article63 1977-12-24 11 AFP BANGKOK, Frl. Thailand has approved promotional privileges for 22 projects involving a total Investment of 993.9 million baht (SSI2O million). Of the projects, which will provide Jobs for over 4.000 people, a Thai-Indian Joint venture of the Blrla International AO Co. was the largest Involving investmentAFP - 63 words
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Article749 1977-12-24 11 NYT LONDON, Fri. In important meetings during the East fortnight Soviet Union saders have let it be known that their economy is not growing as fast as they had planned, even though next year's overall growth may be about 6 per cent a healthv figure by someNYT - 749 words
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371 1977-12-24 11 Reuter BANGKOK, Frl. Thailand's Deputy Prime Minister Sunthorn Hungladarom today painted a gloomy picture of the country's economy next year and laid out general plans to Improve the situation. "We have to face the fact that the overall economic situation of Thailand hasReuter - 371 words
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379 1977-12-24 11 THE metric system Is not as i difficult as many thought it would be. Many housewives who visited the metric information stall at the Seng Lee Market over the last three days commented that metric was simple, once explained. The old were379 words
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Article55 1977-12-24 11 KUALA LUMPUR. Frl. About 3,200 workers In oil palm and coconut estates will benefit from two new wage agreements signed today between the National Union of Plantation Workers and the Malayan Agricultural Producers Association. The agreements are expected to cost the estates an additional55 words
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Page 11 Advertisements
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Advertisement227 1977-12-24 11 APPOINTMENTS A fast-expanding and leading gas manufacturing and equipment marketing company in Singapore invites applications for:INDBSTRIAL ENGINEER This challenging new position calls for a suitably qualified Singaporean in the age group of 26—30 with initiative and drive to join our Systems Department team. The Engineer will be responsible to assist227 words
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Article, Illustration1005 1977-12-24 12 JOHN TAN - COMPETITIVE EDGE SAFE By JOHN TAN CURRENCY movements In recent months, which saw the US dollar depreciating by 10 per cent or more against other major currencies, have left the Singapore dollar in a comfortable middle position. Against the yen and deutschemark, the Singapore dollar1,005 words
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364 1977-12-24 12 WASHINGTON, Frl. Some American officials believe special trade representative Robert Strauss will visit Tokyo next month to initiate a new stage In the two nation's trade talks. Mr. Strauss said last week after four days of discussions with special Japanese envoy Nobuhlko Usiba364 words
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470 1977-12-24 12 JOHN LIM - ■y JOHN LIM MORE Russian-made cars will be on Singapore roads when 200 Lada arrive here early next year. Lada Motors Pte Ltd, a subsidiary of Sharlkat Flat Distributors (M) Sdn Bhd has been appointed sole agent for Singapore and Brunei by470 words
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Article93 1977-12-24 12 THE price of pork is likely to remain stable over the festive season due to the cooperation of pig farmers in keeping down the price of live pigs. In the past week, the price of pigs has gone down by $15-$2O to $175$180 per93 words
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834 1977-12-24 12 Agencies TOKYO, Frl. Japan reacted bitterly to fresh US demands that it import more American agricultural products, with Agriculture Minister Ichiro Nakagawa terming the US requests "exorbitant and unacceptable." Both US and Japanese officials declined to give any details of the US demands, whichAgencies - 834 words
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Article90 1977-12-24 12 TOKYO, Frl. The United States has asked Japan for an extension of a bilateral textile agreement that expires at the end of this year because of the continued growth in Japanese textile exports. Japan's textile exports to the United States this year are expected to reach90 words
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Article170 1977-12-24 12 THE SINGAPORE Bus Services has purchased 120 units of Mercedes Benz buses to complement its present fleet. Cycle and Carriage (Enterprises) Pte Ltd, the local agents for MercedesBenz vehicles, said that the buses each cost about $75,000. However, the 20 aircondltloned units to be deployed at the170 words
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253 1977-12-24 12 NYT LONDON, Frl. Commerce triumphed handily over holiday spirit on Wednesday evening as the producers of Johnnie Walker Red Label, the world's biggest-selling scotch, removed It from the grasp of Britain's own drinkers. The distillers took Johnnie Walker off the market after a decisionNYT - 253 words
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652 1977-12-24 12 COLIN CHEE - ■y COLIN CHEE IF THE Japanese-deve-loped Comprehensive Automobile Control System (CACS), currently under test in Japan, were to be applied here. It would cost the Government an Initial capital outlay of some $20 million. This is the figure worked out by a team652 words
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Article744 1977-12-24 12 LONDON, Frt. The stock market closed a shade firmer after the short pre-Chrlstmas session in minimal trading. Some government stocks edged higher Including the long •tap' stock. Treasury 10-1/2 IW6 Leading Industrials closed with occasional gains of a penny or so and at noon the Financial Times Index744 words
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148 1977-12-24 12 SINGA PLASTICS has added another item to its line of products with the manufacture of plastic crates for bottled drinks, on franchise from a German company. Singa already has a standing order for half a million crates from Yeo Hiap Seng. The crates are148 words
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Advertisement23 1977-12-24 12 <i Singapore 9. fi Tel: *****6/*****9. V Fosters Smokehouse Hotel, Cameron Highlands Fosters Serve Guaranteed New Zealand Prima Beef Cooked Specially For You23 words
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Advertisement125 1977-12-24 12 COLLECTINQ Oriental Antoiej by Judith Moorhouse and Dries Blitz Hamlyn Group, London. W ili by all the books on Oriental antiques which Illustrate priceless u n s e PffesF es ther rare Items which have fetched thousands of dollars at International auctions. Any dealer will confirm that It is still125 words
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