The Business Times, 30 December 1977
1977-12-30
1
12
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The Business Times
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Title Section11 1977-12-30 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, DECEMBER 30. 1977 50 CENTS "N11 words
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NEWS IN BRIEF
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Article72 1977-12-30 1 UPI LONDON, Thurs. US dollar hit new lows on almost every European market today as dealers assessed the appointment of William Miller, chairman of Textron, to succeed Arthur Burns as Federal Reserve Board chairman. Gold gained in both Zurich and London by almost a dollar anUPI - 72 words
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Article62 1977-12-30 1 Reuter HONGKONG, Thurs. Chinese geologists have found several fields containing at least 100 million tonnes of high-grade Iron ore each and have been successful In surveying for oil, the New China News Agency said today. They also found rich underground water resources, phosphorous ores and other mineral resourcesReuter - 62 words
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Article58 1977-12-30 1 Reuter BANGKOK, Thurs. One hundred top bankers from Asean will meet here next month for the second Asean banking conference. The four-day conference of the Asean Banking Council (ABC) following its first meeting here In December last year, will be opened on Jan 25 by Prime MinisterReuter - 58 words
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Article52 1977-12-30 1 Reuter WASHINGTON, Thurs. President Carter liberalised import barriers for several products from underdeveloped countries, including walkie-talkie radios, reptilian leather and bicycle coaster br&k6S. He signed an executive order revising the generalised system of preferences (GSP) to waive import taxes on such products if they come from theseReuter - 52 words
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Article48 1977-12-30 1 UPI MANILA, Thurs. A 16-member US congressional delegation will make a three-week factfinding tour of Asian and Pacific countries, on Jan 4, the US embassy said today. The group will visit Papua New Qulnea, Australia, Singapore, Malaysia, India and the Philippines. No specific dates were announced.UPI - 48 words
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Article44 1977-12-30 1 Reuter TOKYO, Thurs. The Fair Trade Commission said It approves the extension of three antislump Japanese cartels until February and March. The cartels are aluminium sheet producers, kraft and corrugated paper board makers (both until end-February), and textile manufacturers (until end-March). ReuterReuter - 44 words
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Article67 1977-12-30 1 UPI NEW YORK, Thurs. Stocks headed broadly lower early today in reaction to President Carter's decision to drop Dr Arthur Burns as chairman of the Federal Reserve Board. The Dow Jones industrial average, which finished unchanged yesterday, was off 3.55 points to 826.15 shortly before 11 a.m. AgainstUPI - 67 words
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Chief Price Changes
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Article113 1977-12-30 1 Rites Most active Steamships 2.45 .17 K. L. Kepong 190,000 Magnum Corp 3.08 +.11 O. Ceramics 94,000 KL-Kepong 1.57 +.08 Tan Chong 60,000 N. Iron 3.02 .05 C. Sugars 54,000 Berjuntal Slme Darby Glenealy 7.85 3.34 1.24 .05 +.04 +.03 Total Turnover: 1.23 M Total Value: MS2.52113 words
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Article, Illustration201 1977-12-30 1 Rites Most octive St Steamship K L Kr pong M Tobacco Magnum Corpn Sin Chew Nat Iron Y H S M»ia UOL UOB Sentoaa Nanyang Pre— Sigma Metal 241 150 600 302 207 302 197 98* 296 216 197 121 14 11 10 +8 +5 +4 +4201 words
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Article, Illustration884 1977-12-30 1 CHAN BONG SOO - BT INDEX CROSSES 500-LEVEL By CHAN BONG SOO THE Business Times Index hit the 500 mark yesterday in a sudden spurt of bullish activity, with indications that the trend is likely to continue Into the new year on a stronger note. An eleventh-hour buying884 words
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Article313 1977-12-30 1 SUSAN BEYAN - By SUSAN BEYAN in K.LUMPUR THE astonishing game of musical chairs being played at Magnum Corporation went through another round at yesterday's board meeting when Dato Khoo Kay Peng, who resigned as chairman In November, was reappointed. The six other directors who bowed out313 words
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676 1977-12-30 1 JOHN LIM - By JOHN LIM MORE West Asians are cooking with Slngaporemade vegetable oils and Saudi Arabia tops the list. Its imports of this Item Jumped 337 per cent In the first nine months of this year. Local manufacturers started selling to this market In676 words
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Article125 1977-12-30 1 Reuter HONGKONG, Thurs. Hongkong's trade deficit narrowed In November to HK$4Ol million (about Ss2oo million) from an adjusted $480 million In October but was above last November's $94 million deficit, provisional Census and Statistics figures show. November domestic exports and re-exports rose to $3.92 billion from an adJustedReuter - 125 words
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247 1977-12-30 1 THE new-style Business Times has been planned and designed around the basic concept that "Business underlies everything in our national life." The words are those of Woodrow Wilson, President of the United States some 60 years ago, but they are as true247 words
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278 1977-12-30 1 THE OFFER by Bowater (South East Asia) for the whole of the issued share capital of Temenggong at $2.10 per share has been declared unconditional. Baring Sanwa Multinational said that acceptances have been received for 6.52 million TMG shares or 91.83 per cent278 words
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Article257 1977-12-30 1 SOH TIANG KENG - ■y SOH TIANG KENG SINGAPORE will not follow Malaysia's footsteps in jacking up motor Insurance premiums. Insurance firms here say they have no plans to raise the premiums at least not in the near future. However, they are studying the local situation. Some insurance executives257 words
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272 1977-12-30 1 RAHIM KASSIM - •y RAHIM KASSIM WITH the appreciation of the yen, the volume of exports from Singapore to Japan Is expected to increase. particularly for electronics and textiles. According to Mr. T. Wakatsukl, the Far East sales representative of Nippon Yusen Kajsha (NYK Line), Japanese272 words
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Page 1 Advertisements
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Advertisement35 1977-12-30 1 -_|\;=:>~&(-&@?&!@]?"?|\&^{}==) SEE PAGE 3 I Ortneu New*/ TV A Radio Ovtrwu New*' Crosswords Local 6 International Co. News Local Stocks Overseas Stocks P7 Commodities pg Transport ft Communications P9 Features PlO Local A Overseas News PH35 words
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Advertisement134 1977-12-30 1 The Autumn issue of the ASEAN Business Quarterly includes a 5-page analysis of ASEAN's urea projects and finds these to be less than viable (12 tables) a 15-page analysis of the impending world energy crisis and the likely economic effects on ASEAN countries including' new patterns of ASEAN energy demand134 words
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Advertisement189 1977-12-30 1 Kandk Smitfc £o& Ob6t -HmtL Mtub to Fit you The Corporate Dollar Capital Idle Working Capital Overheads Taxes Reinvestment Cash S9 EN ill Put your idle cash to work with American Express International Banking Corporation Whether you do business in one currency or a dozen, at a single location or189 words
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OVERSEAS
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634 1977-12-30 2 Reuter ROME, Thurs. The United Nations Food and Agriculture Organisation (FAO), the world's major food agency, has Just completed a lengthy selfexamination with gloomy evaluations of the way It combat starvation among the poor. FAO's three-week biennial conference ended here with ominous warnings that littleReuter - 634 words
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Article306 1977-12-30 2 AP GENEVA, Thurs. Modern welfare systems help create a new class of poor in the affluent Western world. The International Labour Organisation's (ILO) December bulletin said yesterday there are "tens of millions" of poor in the rich industrialised countries and while they do not starveAP - 306 words
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197 1977-12-30 2 AP WASHINGTON, Thurs. The US government Is studying the feasibility of what may be the ultimate In recycling fattening up farm animals on other animals' manure. The Food and Drug Administration (FDA) has a 1967 policy against that practice, and saysAP - 197 words
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Article90 1977-12-30 2 UPI NEW DELHI, Thurs. India yesterday decided to set up an earth station for receiving agriculture data from the orbiting US satellite. The decision was taken at the Cabinet session chaired by Prime Minister Morarji Desal. The Cabinet asked the National Remote Sensing Agency of IndiaUPI - 90 words
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327 1977-12-30 2 AP WASHINGTON Thurs. President Carter said last night he believes his mission abroad will dramatise to the US Congress and the fcountry the pressing need for action on energy legislation. He added that he stands ready to worlbactlvely for a compromise that willAP - 327 words
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Article139 1977-12-30 2 AP WASHINGTON, Thurs. President Carter signed a bill yesterday limiting his economic power in national emergencies but said part of the measure might be unconstitutional. That part allows Congress to use a concurrent resolution to end a national emergency declared by a US President. Such a resolutionAP - 139 words
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482 1977-12-30 2 Reuter AP LONDON, Thurs. Fir«men in the south-east region of Britain have voted unanimously for a recall of the Fire Brigades Union national delegate conference to discuss ending their seven-week old strike, the Press Association reported. The region's executive member. David Shepherd, said ifReuter; AP - 482 words
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267 1977-12-30 2 Reuter WASHINGTON, Thurs. The Treasury Department proposed calculating reference prices for 32 categories of steel mill products as long as the products are Imported in significant quantities. The list will be supplemented by a complete set of trigger prices for extras usual in the steelReuter - 267 words
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Article149 1977-12-30 2 AFP CANBERRA, Thurs, Australia will supply the United States with 300,960 tonnes of beef next year, 51.3 per cent of total US meat imports. This was announced last night by the Deputy Prime Minister and Trade Minister, Mr. Doug Anthony, following negotiations with the USAFP - 149 words
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305 1977-12-30 2 UPI Reuter WASHINGTON, Thurs. The US considerably increased Its dependence on oil from the Organisation of Petroleum Exporting Countries during 1977. The American Petroleum Institute (API), a Washington-based trade group of the private oil Industry said 84 per cent of total 1977 USUPI; Reuter - 305 words
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221 1977-12-30 2 UPI Reuter RAWALPINDI, Thurs. The Resources Development Corp. has confirmed 336 million tonnes of copper ore and 25,510 kg of gold finds worth about US$3 billion (SS7 billion) in Baluchistan Province. The English-language newspaper Pakistan Times, controlled by the government, said the confirmationUPI; Reuter - 221 words
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242 1977-12-30 2 AP SAN DIEGO, Thurs. Foreign tuna fleets are skimming the cream of talent from the American tuna industry with many captains leaving foreign boats for better money and to escape strict US regulations. Tuna boats from around the world put into port here for repairs.AP - 242 words
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189 1977-12-30 2 AP AFP SEOUL, A nurs. The Commerce and Industry Ministry has set an aUtoexport target of 30,000 units for 1978, three times this year's target. Ministry officials said three Korean auto-makers exported 7,296 units, mostly the compact pony cars put out by Hyundai MotorAP; AFP - 189 words
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Article44 1977-12-30 2 Reuter MANILA, Thurs. The number of tourist arrivals this year Is expected to hit 725,000, up 18 per cent from last year's figures. The Department of Tourism said today Japanese topped the arrivals, comprising 26 per cent of the total, ReuterReuter - 44 words
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Article97 1977-12-30 2 AFP NEW YORK, Thurs. The number of private persons in the United States owning shares has fallen to 25 million against 31 million in 1970, Wall Street figures showed. Last year, financial Institutions and other intermediaries were responsible for 70.3 per cent of total Wall StreetAFP - 97 words
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619 1977-12-30 3 Reuter MAINZ, Thurs. West Germany's real economic growth next year could end up between half and one point higher than the 3.5 per cent rate now generally forecast. Labour Minister Herbert Ehrenbers said faster growth could result If Germany's regional states and localReuter - 619 words
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382 1977-12-30 3 Reuter PARIS, Thurs. The French government yesterday reported a significant reduction in the inflation rate with less than three months to go before general elections. Prime Minister Raymond Barre, the economics professor brought in to tackle France's economic problems last year, predicted that inflationReuter - 382 words
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281 1977-12-30 3 Reuter SYDNEY, Thurs. Australia's seasonally adJusted total money supply (M 3) rose As3lB million (SsBs9 million) to $38.02 billion in November compared with a $167 million rise to $37.70 billion in October and a $356 million rise to $35.65 billion in November last year. The ReserveReuter - 281 words
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Article90 1977-12-30 3 Reuter WASHINGTON. Thurs. The International Monetary Fund said it is leaving unchanged the rate of remuneration paid on the super gold tranche at 3.5 per cent for the quarter starting Jan 1. The rate of interest and charges on special drawing rights (SDR) will also be leftReuter - 90 words
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170 1977-12-30 3 Reuter UNITED NATIONS, Thurs. Sweden and Indonesia yesterday signed the 1977 international sugar agreement, bringing the number of countries which have so far done so to 32, according to the UN Legal Affairs Office. The agreement is intended to stabilise the world free market inReuter - 170 words
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Article173 1977-12-30 3 AFP WASHINGTON, Thurs. The US might record a trade deficit of about US$27 billion (5564.8 billion) this year, experts said on the basis of the November trader figures. This would be slightly better than the most pessimistic forecasts, which have set the annual deficit atAFP - 173 words
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Article41 1977-12-30 3 Reuter TAIPEH, Thurs. Taiwan's domestic economy will recover slower than expected because the world economy is still inactive. The council for Economic Planning and Development predicted after its survey, which showed that manufacturing is active. ReuterReuter - 41 words
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Article50 1977-12-30 3 Reuter LONDON, Thurs. The Bank of England said the Treasury will make no conversion offer for holdings of 9 per cent Treasury stock 1978. The stock will be redeemed at par on March 15, 1978 and redemption request forms will be issued on Jan 18. Reuter.Reuter - 50 words
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892 1977-12-30 3 MONETARY VIEWS UNKNOWN Agencies NEW YORK. Thurs. Despite some uncertainty about the new Federal Reserve Board chairman's views on monetary policy, and lingering concern about the.future Independence of the Fed, business leaders across the country generally praised the selection of Textron's Mr. -WlUlamAgencies - 892 words
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Article334 1977-12-30 3 AP WASHINGTON. Thurs. The Federal Reserve Board, one of the most powerful and least understood Institutions of the US government. wields vast influence over the lives of Americans and their ability to buy credit. The Fed. as it is known, is the American central bank.AP - 334 words
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Article285 1977-12-30 3 US wants a strong AP NEW YORK. Thurs. US interest in a strong dollar is undeniable and should not be measured by the scale of US intervention. Federal Reserve Board member Henry Wallich said yesterday: "In thy view, any thought that the United States is unconcerned about the value ofAP - 285 words
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Article291 1977-12-30 3 JOHANNESBURG, Thurs. With US supplies in question, South Africa may soon begin work on its own uranium enrichment plant. The Rand Daily Mail reported yesterday the decision is expected early next year, and the plant would be constructed largely with materials available in the country,291 words
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Article180 1977-12-30 3 Reuter THE HAGUE. Thurs. Holland will maintain Its price controls next year under which industrial companies may not pass on higher wage costs In prices. This was disclosed by Economics Minister Oljs van Aardenne after a meeting with employers, unions and consumer* organisations. From Jan 1Reuter - 180 words
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526 1977-12-30 3 UPI WHEN William Miller was a bright young lawyer, he received an offer he could not refuse. Royal Little, chairman and founder of Textron Inc., hired him away from a New York law firm with a promise: "You'll either be aUPI - 526 words
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Article271 1977-12-30 3 Reuter WASHINGTON, Thurs. Professorial, caustic and canny, 73-year-old Federal Reserve Board Chairman Dr. Arthur Burns brought a theatrical flair to his self-* assumed role as America's Number One inflation fighter. But in the end, the role was not suited to the needs of PresidentReuter - 271 words
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Page 2 Advertisements
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Advertisement237 1977-12-30 2 vV* IK 7/t E m w a I m 'it m m 'J V U i w. if m tu I \> his Sz m, V'/ 1 '.«r rv/ 0, Sat «S 3'St j***. eP* c& V e A well-read person is a well informed person. That's why he can237 words
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Page 2 Miscellaneous
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Miscellaneous11 1977-12-30 2 Do Refuse loc'vc TCeeTHEJ? SINCE. €IG>HT "VttfcTV Tv-IIS PTORWIHG* TV4*vr'S woods'11 words
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Miscellaneous256 1977-12-30 2 SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee The Twins with superimposed English/Chinese subtitles (Repeat) A Mandarin feature film 4.55 Intermission 5.55 Opening announcements followed by Exercise with Gloria 6.30 News in Brief 6.35 P.J. 7.30 News and Newsreel in Malay 0 7.55 Sports Review (English 8.55 Show256 words
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Miscellaneous52 1977-12-30 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Dec 29 at Singapore airport. Maximum Temperature 28.0° C Associated Humidity 96 Minimum Temperature 24.2° C Associated Humidity 100 Hours of Sunshine nil Rainfall in Millimetres 282 Total Rainfall for the Month 199.5 Total Rainy Days for ths52 words
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Page 3 Advertisements
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Advertisement76 1977-12-30 3 A k/il Li With the approvals of the Minister of Finance, the Minister of Trade industry and Bank Negara Malaysia, we have pleasure in announcing the official change in our company's name from ASUm EUROv4MERtC4N MERCHANT BANKERS (M4L4YSL4) BEMUD to >4SE>4MBL4NKERS M4L4YSL4 BERH4D with effect from 27th December 1977. /4SL4M&4NKERS76 words
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Page 3 Miscellaneous
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Miscellaneous633 1977-12-30 3 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I Punishes over the shoulders? (6) 7 Call attention to a cricketer being dismissed (5. 3) 8 Carry on Jim (4) 10 Searched for somewhere to sleep (6) 11 Wooden face (6) 14 Rest in the playing position (3) 16 Exclamation that makes you633 words
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COMPANY NEWS
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Article, Illustration956 1977-12-30 4 CHAN BONG SOO - By CHAN BONG SOO THE best may yet come from the ever-expanding Metro Holdings which has Just chalked up a 16.4 per cent rise In group pre-tax profit to $2.51 million for the six months ended Sept 30, 1977. During the same956 words
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Article396 1977-12-30 4 PAHANG Consolidated, the UK-incorporated company on its way home to Malaysia, has changed its accounting treatment of exchange adjustments in respect of its Malaysian assets. This move, it adds, is in line with other major tin companies which have changed their domiciles to Malaysia. Pahang made396 words
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Article394 1977-12-30 4 Current Ex Date Total for Total for payment Date payable the year previous year kramat 24% Dec 1 Dec 30 24% 10% Island A P 8%I Dec 1 Dec 30 8% 15% Inchcape 5%I Dec 12 Dec 31 5% 12.5% M. Bex Bhd 5%I Dec 5 Dec 31394 words
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165 1977-12-30 4 HOTEL Negara's recent one-for-two rights Issue which effectively will raise the paid-up capital from Mss million to $7.5 million has been oversubscribed, according to a brief statement by the board of directors. The rights were made at $1 par against the company's prerights net165 words
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COMPANY MEETINGS
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25 1977-12-30 4 The following company meetings are due: Dec 30 at Hotel Merlin, 2, Jalan Sultan Ismail, Kuala Lumpur at 10.00 a.m.25 words
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Article18 1977-12-30 4 Dec 31 op the hotel premises at Amber Close, Singapore 15 at 11.00 a.m.18 words
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Article14 1977-12-30 4 Jan 7 at 6, Tambun Road, Ipoh at 10.30 a.m.14 words
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Article19 1977-12-30 4 Jan 12, 1978 at Its registered office, 25 Beach Street, Penang, Malaysia at 12.30 p.m.19 words
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29 1977-12-30 4 Jan 24 In the board-room of Malaysian Industrial Development finance Bhd, 4th Floor, bangunan MIDF, 117, Jalan Am pang, Kuala Lumpur at 11.30 a.m.29 words
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INTERNATIONAL COMPANY NEWS
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Article358 1977-12-30 4 EUROPEAN COMPANIES FT STOCKHOLM: In an extraordinary interim report Electrolux, the Swedish electrical household equipment group, reports pre-tax earnings of 421 million kroners for the first 10 months of this year and also announces that it Is buying 19 per cent of the stockFT - 358 words
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Article125 1977-12-30 4 Reuter DUISBURG: Demag said It expects production to start next February at the 1.5 million tonne per year extrusion casting plant, which It built with Schloe-mann-Slemag as part of the Wuhan steel works project In China. In Its Works magazine, Demag said a cold rollingReuter - 125 words
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Article47 1977-12-30 4 DUISBURG: Kloeckner said its 1977 profit will be much lower than last year's. The company said in its house magazine that turnover had stagnated, with almost all branches of its activity affected by the continuation of the economic slowdown noted in the second half of 1976.47 words
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93 1977-12-30 4 ZURICH: Swissair Schwelzerische Luftverkehrs said its total earnings rose 14 per cent In November over the same month of 1976 while overall costs before depreciation, rose 12 per cent. During the month, capacity offered rose 12 per cent, while total demand advanced 17 per cent.93 words
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Article85 1977-12-30 4 Reuter FRANKFURT: The major West German banks have set a provisional total of 1.5 billion marks of foreign mark loan Issues for January compared to 1.1 billion for December, primary bond market sources said. Interest will centre on the 500 million mark Issuing spot bookedReuter - 85 words
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Article54 1977-12-30 4 Reuter FRANKFURT: Direct Investment abroad by West German electrical firms rose 10.6 per cent to 5.5 billion marks in the firsthalf of 1977, the Industry association said. However, investment In developing countries rose 145 million marks to 1.6 billion marks, giving them almost a 30 per cent shareReuter - 54 words
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437 1977-12-30 4 NORTH AMERICAN COMPANIES Reuter THREE Texas utilities have settled a uranium supply suit against Westinghouse Electric Corporation for U5523.5 million, the company said. The claim by the three utilities Dallas Power and Light, Texas Electric Service and Texas Power and Light was part of aReuter - 437 words
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Article64 1977-12-30 4 Reuter PACIFIC Gas and Electric Co said it filed a notice of intention with the State Energy Commission for selection of a site to build a US$2 billion 1.6 million kilowatt power plant In northern California. The facility would be designed to burn low sulphur coal and oilReuter - 64 words
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252 1977-12-30 4 ROME: After two rather lean years, Alitalia's traffic results Is back on a healthy growth path again. Its gross revenue for 1977 will surpass the US$l billon mark, the board of directors announced on Dec 21, 1977. This is 38 per cent higher252 words
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429 1977-12-30 4 FT STOCKHOLM: NK-Aah-len, the Swedish retailing group, shows a loss of 89 million kroners in its preliminary report for the year ending Oct 31. This compares with combined earnings of 37.2 million kroners for the previous year, during which the group was formed from the mergerFT - 429 words
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Article128 1977-12-30 4 Reuter REYNOLDS Securities International said shareholders approved the pre-viously-announced merger of the company Into Dean Witter. Of the 80.9 per cent Reynolds Securities shareholders who voted, 98.3 were In favour of the merger, the company said. Terms of the merger call for the outstanding Dean WitterReuter - 128 words
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Article1488 1977-12-30 4 December 28 TRADING In options on the Chicago Board Options Exchange came tfo 79,199 contracts compared with 61,117 contracts on Tuesday. OPTION JAN APL JLY STOCK Alcoa 40 5 5/8 6 3/8 UNTRD 45 3/4 Alcoa 45 1 3/8 3 3 7/8 45 3/4 Alcoa SO 1/161,488 words
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Article81 1977-12-30 4 ASIAN COMPANIES Reuter TOKYO: Mitsubishi Heavy Industries said three Mitsubishi firms signed a 10 billion yen contract to build a 73,000-kilowatt thermal power plant at Estero Salado in Guayaquil, Ecuador, by mid-1980. Under the contract, awarded by the Ecuador electricity agency. INE. 80 per cent ofReuter - 81 words
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85 1977-12-30 4 Reuter TOKYO: TDK Electronics Co (TDK) said it and Fairchild Camera and Instrument Corp (Fairchild) have agreed to transfer TDK's interest in their 50-50 Joint venture company here, TDK-Fairchild Corp, to the American partner. Without' elaborating on transfer terms, the Japanese firm said theReuter - 85 words
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Article101 1977-12-30 4 Reuter NEW YORK: Bank qfTokyo said it Is the leader of a group of banks lending US$2B million to the Republic of Panama for construction of the Fortuna hydrolectric plant and Its transmission system, which is expected to cost a total of $259.9 million. The loanReuter - 101 words
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Page 5 Advertisements
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Advertisement313 1977-12-30 5 We Remember 111 TifiMf mm n st'-- > .<©> f s 4> rr *fc» wf 9~ m* m -L\ /»> J? 8* PE w syi ■fi j a ■a sr .<» s 5 'f'b > -v V A r.; «K 1 r s*? V k r> "V •v ra fll313 words
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Article2320 1977-12-30 6 Gr'» Gr't Net If77 Last div Div y'ld P/E Vol Day High Low Company Sale +or- e'vr COOO) High Low SECTION ONE INDUSTRIALS 154 134 Acma 138 +2 12.0N 1.8 8.6 6.4 2 138 137 204 165 Alcom 165 10.0 0.5 6.0 26.6 119 58 Allied Choc2,320 words
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Article1202 1977-12-30 6 BID and offer prion officially lined and kiuiiHi in and reported to the Stock Exchange of Singapore yesterday with the number of aharea traded shown in brackets in lota of 1,000 units unless otherwise apociftod. All time Settlement Contracts are Ced after the world "Sou". Board deals1,202 words
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Article1367 1977-12-30 6 BID and offer pricfi officially lifted and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of share* traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS A|inomoto (2.148 2.208) (1) 2 15 Alcam (1.738 1.758) (1) 1.731,367 words
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Article58 1977-12-30 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 $2.30) (0.288 0.315) Inchcape (March 12.10) (0.168 O.IKS) Siroe Darbv (March58 words
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Article148 1977-12-30 6 SINGAPORE UNIT TRUST (Manager s price* for Dec 30) INCOME BOND UNIT (Currat sriow) The Commerce 1.78 1.86 The Saving Fund 108 1.14 S'pore Prof Fund 0.M 0.80 S'pore Security Fund 1 63 1.73 S'pore Invest Fund 1.02 1.08 ASIA UNIT TRUST (Managers' prion far Dm 88) Mai148 words
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Article150 1977-12-30 6 BOTI 1/2% 1981 (100.000) (100' iB 101 V«S) B O T 7 5/8% 1984 (100.000) (96H8 97 v«S) B O T Floating 1984 (100.000) (98v,8 99V.5) LTCB J 1982 (100,000) (98V.8 99', S) Credit Lyonnai* Floating 1983 (100.000) (97'.8 98S) C Itoh 8 1/8% 1984 (100.000) (96 J150 words
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Article131 1977-12-30 6 Rep Spore D Mark 7% 1982 (100.000) (102'«B 103'«S) Rep Spore 6 1/2% 1983 (100.000) (102' iB 103'«S) Rep Spore 7 3/4% 1987 (100.000) (9958 100HS) 4 3/4% 1/5/79 (250.000) (100 408 100.455) 5 1/4% 15/10/79 (250.000) (100.908 101.10S) 4 3/4% 15/9/80 (250.000) (99.208 99 455) 6 3/4%131 words
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Page 6 Advertisements
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Advertisement605 1977-12-30 6 w. C"=:r i V t is sinGapura FORUM HOTEL Ommm oI Imw Continantal IIuHU 585 Orchard Road, S'pore 9. Tel: *****2 Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at605 words
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Advertisement103 1977-12-30 6 SNGAPORE HLTON 58! Orchard Road, S'pore 9. Tel: *****3 New Year's Eve, Saturday, December 31 1977 Harbour Grill I Gala-New Year's Eve Dinner Price: $70.00 (Inclusive of govt, tax and service charge) Entertainment: Non stop music by Marcello Saccuccl Top Of The Hilton International Buffet Price: $60.00 (Inclusive of govt,103 words
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Article738 1977-12-30 7 A LAST minute buying spree helped lift sentiment on the Stock Exchange of Singapore yesterday. lie market opened on a mixed note with price movements generally restricted to a few cents either way. Business got off on a slow pace with both buyers and seller unwilling to make738 words
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Article368 1977-12-30 7 THE Kuala Lumpur stock market yesterday closed on a slightly steadier note with some fairly good gains seen in a few counters. Opening share prices were fractionally higher yesterday in contrast to the weak close on Wednesday. Trading was selective and generally dull but buyers moved into368 words
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INTERNATIONAL STOCK MARKETS
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Article336 1977-12-30 7 HONGKONG: The market eased slightly in very quiet featureless trading yesterday with most dealers waiting for activity to pick up In the new year, dealers said. The Hang Seng index fell 0.9 point to 405.34. Hongkong Land eased five cents to HKS4.6O, Jardine Matheson 10 to 12.00. Swire Pacific336 words
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Article379 1977-12-30 7 SYDNEY: Uraniums, golds and selected industrials led a firm market yesterday, dealers said. The Sydney All-ordinaries Index rose 5.64 points to 474.53. Pancontinental rose A5O cents to $12.90 Queensland Mine* 15 to 2.55, Central Norseman 10 to 7.20 and Peko 16 to 5.46 while Bougainville Copper, MIM, North Broken379 words
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Article158 1977-12-30 7 MANILA: The market closed higher yesterday with all sectors gaining, dealers said. Turnover rose to 12.74 million pesos from Wednesday's 5.68 million. Philex closed higher while other mining issues were steady. Oriental led oil Issues, gaining three points while others rose fractionally. San Miguel and PLDT advanced further but158 words
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Article132 1977-12-30 7 DEC Bahts Asia Fibre 261 unch Bangkok Bank 387 -2 Bangkok Invest. 330 -6 Bangkok-Metro-politan Bank 3610 ♦60 Bata 735 unch Berll Jucker 514 -6 Charoong Thai Wire 305 -5 Dumex DusltThanl 316 -2 Faber Merlin First Trust 332 ♦7 Genera Finance Indo-Thal Industrial Finance Corp 2135 unch J132 words
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Article279 1977-12-30 7 AMSTERDAM: Share prices were generally lower on Wednesday mainly due to a weaker dollar, led by Royal Dutch In Dutch internationals, dealers said. Akso rose 0.90 guilders. Elsewhere losses Included Nedlloyd. Van Ommeren and KLM. Firmer shares included KNSM. Algemene Bank Nederland and Pakhoed. State loans were steady. DEC279 words
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Article163 1977-12-30 7 BRUSSELS: Belgian share pilces closed lower In quiet trading on Wednesday, bourse sources said. Sidro, Asturienne, FN. CBR and So Ana rose while Electrafina. Reserve, Union Miniere, Cocke rill, Clabecq. Hainaut-Sam-bre, Socftn. All Chemicals, St Roch, Cometra and Arbed fell. In foreign stocks, UK and Dutch were little changed,163 words
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Article301 1977-12-30 7 FRANKFURT: The dollar's fresh fall unsettled trading shares dropped In the absence of buying demand on Wednesday, market sources said. Banks were mostly well malntalned but motors and engineerings shed up to 4.10 marks amid low turnover and stores lost up to 3.50. Other sector losses were limited to301 words
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Article162 1977-12-30 7 MILAN: Prices closed at the day's highs In fairly active trading on Wednesday, dealers said. In leading industrials. Flat, Snia Viacoaa, Olivetti Privileged, both Pirellis and Montedison gained while Anic closed unchanged and Olivetti Ordinary slightly lower. Bastogi and Generate Immobile re firmed in financials as did Assicurasioni Genera162 words
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Article344 1977-12-30 7 PARIS: The market was generally steady on Wednesday. encouraged by the slowing of retail price Inflation In November and by the OECD's forecast of higher growth and a smaller trade deficit for France next year, dealers said. However, the dollar's renewed weakness was a disquieting factor. Ctn, Moulinex and344 words
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Article292 1977-12-30 7 ZURICH: The market closed barely steady In cautious trading on Wednesday Influenced by the renewed weakness of the dollar, dealers said. Swiaaair edged higher following its November results while banks were irregularly lower and financials narrowly mixed. There was a majority of gains among Insurances, while leading Industrials generally292 words
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Article386 1977-12-30 7 JOHANNESBURG: Gold shares were firmer on Wednesday reflecting the higher bullion price, dealers said. Trading was quiet, with gains across the board. In heavyweights there were advances of up to USI2S cents, while smaller-priced shares rose between five and 60 cents. Financial mining rose in unison with producers. Elsewhere.386 words
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Article349 1977-12-30 7 TORONTO: Share prices, strengthened by gains In the gold sector, rallied in the final hour of the session on Wednesday. The Composite index rose almost five points and gains outnumbered losses by 238 to 157. The Gold index rose almost 38 points with Dome Mine* up 1-Yt to 70.349 words
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Article1056 1977-12-30 7 NEW YORK: Late buying In selected quality Issues helped stocks recover most of eanler losses, as the market finished about where It started In moderate trading on Wednesday. Analysts said the Government's report of another huge trade deficit In November helped keep the market on the defensive during1,056 words
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Article62 1977-12-30 7 FINANCIAL TIMES INDUSTRIALS Wednesday 490.4 Tuesday closed Week Ago 480.0 DOW JONES AVERAGE INDUSTRIALS Wednesday 829.70 Tuesday 829.70 Week Ago 813.93 LONDON DOLLAR PREMIUM Wednesday 88% to 88^ Tuesday closed H.K. HANG SENG Wednesday 406.24 Tuesday closed Week Ago 411 03 SYDNEY INDUSTRIALS Wednesday 410.44 Tuesday closed Week Ago62 words
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Page 7 Advertisements
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Advertisement382 1977-12-30 7 S5 <" 1 r.' HOTEL MERLIN SINGAPORE 7500 Beach Road, Singapore 7 Tel: *****11. MING COURT HOTEL Tanglin Road, Singapore 10 Tel: *****3. HOTEL MIRAMAR 401 Havelock Road, Singapore 3 Tel: *****2. HOTEL NEGARA 15 Claymore Drive, Singapore 9 Tel: *****1. OBEROI IMPERIAL HOTEL I Jalan Rumbia, Singapore 9 Tel:382 words
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Advertisement16 1977-12-30 7 I TT J > -V* »0* k tei DewortSfltf" No dinner is complete without a White Label16 words
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COMMODITY REPORTS AND PRICES
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Article362 1977-12-30 8 THE SINGAPORE rubber market yesterday opened 0.25 cent, lower but later rose gradually on seller reserve, speculative buying and endyear covering, dealers said. Volume was fair. The morning session closed higher with January One RSS buyers finishing at 194.50 cents per kilo, up one cent362 words
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Article29 1977-12-30 8 Rubber: Dec 29 Singapore: January 194.75 cents (up 1.25 cents) Malaysia: 197.00 cents (up 1.50 cents) Tins: $1,699 (down $1) Official offering: 220 tonnes (up 25 tonnes)29 words
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Article297 1977-12-30 8 Prices in cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.S.S. prompt f.o.b Int. 1 R.S.S. January Int. 1 R.S.S. Int. 2 R.S.S. UK/Cont. Int. 3R.S S. UK/Cont. Int. 4 R.S.S. UK/Cont Int. 5 R.S.S. UK/Cont. Buyers 193.25 194 25 195.25 193 00 192297 words
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Article110 1977-12-30 8 NOON SSR and SMR prices yesterday Jan uary February HAS (Current Mth) (Forward Mth) Buv er* Seller* Buyer* Seller* (cent* per k<) (cent* per kg) SSR 20 (1-ton pallet) 189 50 191. SON 190.50 192 50N SSR 50 (1-ton pallet) 187.50 189 SON 188.50 190 50N MRELB110 words
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Article60 1977-12-30 8 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Dec 29 until further notice: Rubber: SOS cents a pound Copra: $906 00 a ton Palm Kernel: $235.25 a ton The rates of duties payable are: Rubber: 14H cents a pound (Total 19% cents) Copra:60 words
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Article417 1977-12-30 8 PRICES eased marginally in quiet trading at the Singapore produce market yesterday. All grades of coffee were marked $5 per plcul lower by the Singapore Chinese Produce Exchange. The top quality AP 1 was quoted at $460 f.o.b. At these prices, coffee has reached Its vear's low once417 words
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Article272 1977-12-30 8 LONDON, Thurs. Terminal sugar opened £0.65 higher to £0.50 per tonne lower than yesterday's 1700 hrs levels and turnover totalled 516 lots. Dealers said there was little follow through interest to last night's late kerb steadiness which reflected Chinese buying rumours in New York. At the same time, the272 words
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Article208 1977-12-30 8 BANGKOK. Thurs. Rice prices remained unchanged. (Prices In US dollars per tonne fob basis. Bangkok): White Rice: 100 pet Ist class 355.100 pet 2nd class 340. 100 pet 3rd class 335. 5 pet 326. 10 pet 310. 15 pet 307 20 pet 304 25 pet 302 35 pet unq208 words
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Article78 1977-12-30 8 C.I.F. US dollars per ton. LONDON 1 Wednesday Previous Malaysia 5% ffa bulk Feb 500 sir 500 sir Sumatra 5% ffa Dec 540 sir 530 pd Jan 532 50 sir 520 qtd Feb 527.50 slr/520pd 515 qtd March 520 sir 507 50 qtd April 497 50 sir 49778 words
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Article347 1977-12-30 8 LONDON, Thurs. Coffee futures closed the morning slightly easier, £49 to £20 down from yesterday's close. Volume totalled 785 lots including 15 options. The market extended opening losses to end the morning session at the lows. Overall trading was light with commission house selling and dealer liquidation meeting scale347 words
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Article232 1977-12-30 8 THE STRAITS tin price In Penang yesterday eased another MSI to $1,699 per plcul, on an official offering up 25 tonnes to 220 tonnes. The market remained quiet In a prevailing holiday season, dealers said. Penang tin did not react to the sharp fall on the London Metal232 words
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Article267 1977-12-30 8 LONDON. Thurs. Strength of sterling brought an immediate 10.50 drop to terminal, basis near March at f1.750. But prices rallied on trade buying, price fixing and general shortcovering. to close the first call unchanged to £20 up. Dealers said the market was reacting upwards to a possibly oversold situation.267 words
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Article407 1977-12-30 8 HONGKONG, Thurs. Sugar futures closed mainly firm in active trading, dealers said. Trading was confined to the near Three Months, in which March and July rose 0.09 and 0.54 US cents, respectively, and May fell 0.03 cents on active trade house arbitrage against London sugar futures, they said.407 words
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Article157 1977-12-30 8 CHICAGO, Thurs. Soybean futures yesterday finished the session at or Just above the day's lows, registering losses of 5'4 cents to 3/4 cent a bushel. Prices ranged to either side of the previous close, weakened by hedge selling before developing a firmer tone on short-covering stimulated by firmness in157 words
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Article79 1977-12-30 8 CHICAGO, Thurs. Wheat futures yesterday posted gains of 2V» to four cents a bushel at the close, finishing at the day's highs after ranging three cents to either side of Tuesday's close. Early speculative support brought gains of up to two cents a bushel before the market weakened under79 words
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Article327 1977-12-30 8 LONDON. Thurs. Copper wirebars finished the morning with losses of £0.50 for cash and £1 for Three Months. Values were restained on the early pre-market by selling which reflected the continued strength of sterling against the US currency. Three Months traded down to 1695 per tonne but partly recouped327 words
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Article182 1977-12-30 8 LONDON, Thurs. Silver finished with losses of 0.4 to 0.6 pence per troy ounce. Initial pre-market values were depressed by sterling's strength, trade sources said. But prices quickly steadied under the influence of higher gold with the bullion dealers' fix also lending support. Trading, however remained thin at 24182 words
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Article376 1977-12-30 8 THE KILOBAR in the Singapore gold market yesterday opened at 5512.500 and drifted lower to 5512.475 before nervous US dollar selling on the foreign exchange market firmed prices to close at 5512.520. The loco London market opened at U*****.15/40 and eased to U*****.80/165.00 before closing on a strong tone376 words
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Article51 1977-12-30 8 LONDON, Thurs. Zinc finished the morning with gains of £1 for cash and £0.25 for Three Months. It was basically steady with further underlying chart interest providing support during routine trading. Turnover of 5.900 tonnes was mainly carries. On Wednesday, zinc closed with cash £1.25 lower and Three Months51 words
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Article63 1977-12-30 8 LONDON, Thurs. Lead closed the ring with gains of L 2 for cash and CI for Three Months. Values fluctuated in line with the movement in copper although some fresh chart buying interest rallied Three Months from £365 on the pre-market up to C 369 in the ring. On63 words
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MONEY AND EXCHANGES
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Article623 1977-12-30 8 THE FOREX market saw thin trading yesterday and rates remained stable. Dealers attribute the lethargy to the holiday season. The Deutschemark opened against the US dollar at about 2.0850/ 0900 but the day's trading saw fluctuations of rates without any major changes in parities. The rate move up623 words
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Article50 1977-12-30 8 ACBC 7 Algemene Bank Bangkok Bank Bank of America 7 Bank of China 7 Bank of Tokyo 7 Bank Negara Citibank 7 HSBC 7 1 ndosuez Malayan Banking Mitsui Bank 7 OCBC l 4 OL'B 7 UCB 7 Cha»e Manhattan 7 DBS 7 CMBC 7 I'OB 750 words
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Article187 1977-12-30 8 Asian rates ASIAN currency deposit Interbank rates as at clow on Dec 20 US Dollar* (Spot) Offer Bid 7 days 1 mth 2 mths 3 mths 0 mths 9 mths 12 mths 6 3/4 7 3 8 .7 7/16 .7 3/8 .7 3/4 .7 3/4 .7 13/16 6 5/8 7187 words
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Article50 1977-12-30 8 RANGE of prices offered by discount houses on Dec 29: Overnight 3'*% Call deposit 3%% Closing Buying Selling 3-Month Treasury bills 3 1/4 3 1/8 3-Month Bank bills 4 7/8 4 3/4 3-Month CD 5 7/16 5 5/1# 6-Month CD 5 7/8 5 3/4 Source: National Discount Co Ltd.50 words
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Article114 1977-12-30 8 Euro rates LONDON. Thurs. Trading in Eurodollar deposits was subdued with dealers reporting high market liquidity and a consequent bidding down of short-dated funds. Among day to day funds the overnight rate dropped to 25. 24 with business done at 23. Overnight closed at 30- 30 yesterday. The weekend rate114 words
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Article48 1977-12-30 8 FRANKFURT exchanges opening quotes on Dec 29: US 2 0675/0050 2.1175/1225) Can 1.9100/50 SU 4 005/025 D Fl #1.75/92 35 S Fr 104 10/65 Lit 2 385/410 F Fr 44 65/85 N Kr 41.00/15 B Fr (con) 6 300/415 B Fr (fin) 6 38/39 Yen 0 8740/7048 words
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Article251 1977-12-30 8 LONDON, Thurs. The dollar opened sharply weaker in thin nervous trading while sterling climbed two cents above yesterday's close, dealers said. The dollar's new fall was prompted by concern over the failure of the US administration to reappoint Arthur Burns as Federal Reserve Board chairman. The dollar fell to251 words
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Article165 1977-12-30 8 NEW YORK. Thurs. The dollar yesterday closed sharply lower in quiet trading as news circulated that Arthur Burns would not be reappointed chairman of the Federal Reserve Board. At the close, the dollar had erased all of the morning's gains and in some cases was below Tuesday night's165 words
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Article121 1977-12-30 8 TOKYO. Thurs. The Bank of Japan bought a total of between $220 million and $250 million to support the US cuirency, dealers said. The dollar for overnight delivery closed at 240.00 yen flat, up from a 239.50 opening. but down from 240.70 at yesterday's close, they said. Trading volume121 words
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Article146 1977-12-30 8 HONGKONG. Thurs. Sterling firmed to U551.9170/85 from around 1.9100 at Its New York close in moderately active trading on local and Singapore bank selling, dealers said. Sterling fluctuated after opening higher at 1.9150/70 before touching Its day's low of 1.9100/50 while the US unit was little changed at 2.0900/50146 words
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Article343 1977-12-30 8 EUROBOND prices quoted on Dec 29: Straight* Bid Offer Shell 8'.90 06 75 97.75 SNCF 8 1 84 99 00 99 75 Flat 882 97 00 07 75 Hydro Quebec 8 92 97 37 07.87 Flsons 8*« 02 9« 00 06 75 Telmex 84 98 75 90 25 RHM9343 words
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Article57 1977-12-30 8 AUSTRALIA/NZ exchanges on Dec 28: AUSTRALIA: US dollar I 1422/1 1374 Sterling 0 6018/0 5945 Ninety-day air mall buying rates: Sterling 0.6163 US dollar 1.1707 Ninety-day forward buying rate*: Sterling 0 5872 U8 dollar ***** NEW ZEALAND: Sterling 0 5374/ 0.5345 US dollar 1.0206/ 1.0106 Ninety-day airmail buying rales57 words
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Article64 1977-12-30 8 ZURICH exchanges closing quotes on Dec 28: U8 2 2050-0325 Stg 3 8258-8441 Can 1 8368-8430 D Mk 86 29-83 D Fl 87 84-86 28 F Fr 42 58-80 B Fr 6 1050-1350 D Kr 34 83-35 00 N Kr 38 27-45 S Kr 42 87-43 06 Ut 0.2303-320764 words
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Page 8 Advertisements
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Advertisement387 1977-12-30 8 1976 Nobel Prizewinner i r til 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 has387 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration361 1977-12-30 9 RAHIM KASSIM - By RAHIM KASSIM THE MARINE policeman may have to leave his boat and take to the air If the Folcker F27 Maritime plane becomes an accepted mode of coastal surveillance for governments keen to safeguard their national sovereignty. The manufacturers, Fokker-VFW International, a361 words
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306 1977-12-30 9 BRUNEI is now one of Singapore's more important shipbuilding customers, giving support to the argument that Singapore yards should have an edge over other shipyards in bidding for contracts within the Asean countries. Singapore's obvious advantage Is proximity, especially true for construction of306 words
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244 1977-12-30 9 THE Trans Asian Railway Project was the main item on the agenda when the Shipping, Transport and Communications Committee of the Economic and Social Commission for Asia and the Pacific (Escap) met in Bangkok recently. The Trans Asian Project, which Is to link244 words
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Article187 1977-12-30 9 NAMYANG Shipping is Incorporated in Seoul and operates a fleet of cargo vessels mainly to South-east Asian ports from Busan and Inchon in Korea. The vessels call at ports in Japan, Taiwan, Hongkong, Thailand, Singapore aftd the main ports of Indonesia, including East Malaysian ports. In addition to187 words
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Article34 1977-12-30 9 TOKYO, Thurs. Naikal Shipbuilding Co and C. Itoh said they signed a four billion yen contract (5538.8 million) to build two 8,400 dwt cargo ships for Compagnie Tunisienne De Navigation of Tunisia.34 words
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Article, Illustration408 1977-12-30 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bencruachan (shifts for UTM/L after Benalbanach sails) (Must head wast for UTM/L) 33/34 Cherry Vllja (***** 48 Indian Mall (after Rosle D) 6/7 Maritime Explorer (3EJH) (1000 23/24 Sanel Maru (JBUT) (Tanker) (P/O) (after Fujltsukl Maru) (Subject gas free) 16 PASIR PANJANG WHARVES408 words
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492 1977-12-30 9 NYT TOKYO, Thurs. Japan, which has led the world In shipbuilding for 23 years In a row, now has to decide what to do with twice as many shipyards and shipbuilders as It needs to fill dwindling orders. It Is aNYT - 492 words
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Article196 1977-12-30 9 AP LONDON, Thurs. Slow conditions followed the long Christmas holiday weekend on Wednesday, but rates made no significant move. Large bulkers. such as the bulk-oil carrier "Oslo'', accepted the steady figure of US$525 (FIO) on the US Gulf-Holland grain route for cargoes of around 72,000 tonnes. However,AP - 196 words
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Article50 1977-12-30 9 THAI Airways International has declared a profit of 110.3 million baht (SSI4 million) before taxes for the year ending Sept 30, 1977 making this 'Its 13th consecutive year of profitable operations. Thai International views this Improvement of 18.1 million baht (552.2 million) compared to 1975/70 as "satisfactory50 words
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Article720 1977-12-30 9 ARRIVALS Service Operator Number Time From KAL KE807 0015 SEL CAL CI 331 0040 TPK/HKO/KUL MAS MH601 0715 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0850 PEN MAS MH607 0900 KUL MAS MH671 0945 PEN/KUL OLA GA980 1030 HLP BA BA844 1030 LHR/MCT720 words
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Page 9 Advertisements
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Advertisement146 1977-12-30 9 Ser„£? T '°"S ft oecember m 'ft ■> 1/ I*l i > I; t« i rit 11 IK -r r~ I y T/ 'ncorpo «Indust sssst "ENOs ®®2T Ja pan HIGHLIGHTS FOR DECEMBER ISSUE: Pressing on to Petrochcmicals: Singapore, already the most important oil refining centre in the east, is146 words
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Article, Illustration1343 1977-12-30 10 JOHN ROGERS - By JOHN ROGERS BANGKOK: Thailand's new Prime Minister, General Krlangsak Chamanand, has made a strong start in his efforts to achieve "rfatlonal reconciliation" and set the country on a new course towards democratic rule. But his honeymoon with the varied pressure groups that stalk Thailand's1,343 words
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Article, Illustration2366 1977-12-30 10 GEOFFREY BELL - WE are prone to H«nlting and foreign exchange at nothing to do with us and our ordinary, everyday live*. We could hardly be more wrong. In any case, forex dealing is not the magical and impenetrable process it may seem to some on the contrary,NYT - 2,366 words
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Article, Illustration2133 1977-12-30 10 AFP NYT PARIS: It has been a year of paradox in the energy sector. Oil has flowed abundantly and its price has slightly fallen in real terms, but at the same time Western governments and oil experts have been talking about a serious crisisAFP; NYT - 2,133 words
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Page 10 Advertisements
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Advertisement54 1977-12-30 10 NOW ON SALE at your regular bookshop. The phenomenal bestseller which has tanen America by storm the story of a black American's search for his roots in Africa. ROOTS has sold over 1 1 million hardback copies since its publication and it is continuing to top the bestseller lists even54 words
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Page 11 Advertisements
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Advertisement534 1977-12-30 11 Wider coverage. One way Business Times isgoingtobe more informative and more useful for more people. r Times takes on a whole new look and attitude. With new strengths—greater depth, greater judgement and more exhaustive fact finding. With new, broader coverage on a wider range of subjects relevant to all levels534 words
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Article1425 1977-12-30 12 CHAN BONG SOO - Despite attempts to stop discounts, the air travel business is still plagued by severe fare undercutting, litis was discussed the recent convention of the Association of Travel and Tourist Agents of Singapore. CHAN BONG SOO reports on the outcome. CHAN BONG SOO TRAVELLERS In the1,425 words
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314 1977-12-30 12 JAKARTA, Thurs. The Indonesian government was reported today to be considering the opening of direct trade relations with China next year following the visit of a mission from the Indonesian Chamber of Commerce to the Canton fair last month. The head of the314 words
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1271 1977-12-30 12 Agencies TOKYO, Thurs. The government adopted a 34.29 trillion yen (Ssl37 billion) general account budget for fiscal 1978 starting next April 1, up 20.3 per cent from the orilnal budget for this year. A government spokesman said the general account budgetAgencies - 1,271 words
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Article375 1977-12-30 12 ASEAN has managed to obtain more exports to the EEC for certain commodities through cooperation, a local economist said. Writing in the Asean journal, Dr. V. Kanapathy, economic adviser to the United Malaysian Banking Corporation, said Asean had worked together closely long before the Ball summit,375 words
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Article340 1977-12-30 12 MORE people from Asia and the Middle East and fewer from Britain and other parts of Europe are settling in Australia. This basic change in immigration patterns is highlighted by the Australian Population and Immigration Council In its first report. Over the past five years, settlers from340 words
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Article122 1977-12-30 12 FROM New Year's Day, the Motor Vehicles (Seat Belts) Rules 1977 will come Into force. All motor cars registered hence must have approved seat belts for the front seats. This Is the first phase of a programme that will ultimately require all drivers and other front-seat passengers122 words
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Article, Illustration178 1977-12-30 12 TWO TOP executives of Nanyang Slang Pau, managing director Mr. Yeh Kuang Hul and chief editor Mr. Tan Chin Har, will resign at the end of this month. Mr. Yeh, 70, Joined Nanyang as a treasuer In 1945 while Mr. Tan, 67, Joined178 words
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Article147 1977-12-30 12 The Singapore Institute of Standards and Industrial Research (SISIR) will recommend to the standards council that eight international recommendations and standards on engineering drawing practice be adopted as Singapore's standards. This will avoid the confusion, common in engineering, caused by differences in drawng practices. The eight147 words
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Article78 1977-12-30 12 THE Telecommunications Authority of Singapore last night announced that direct telephone services between Singapore and Vietnam, have been resumed. Service is now available from 9.30 am to 5.30 pm daily. Call bookings can be made through the international assistance operator by dialling 904. The' charge is $1878 words
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Article442 1977-12-30 12 Reuter PARIS, Thurs. Industrialised countries should spend an extra US$5 billion (Ssl2 billion) annually the next five years to help developing states. The proposed aid is part of a seven-point plan presented in the 1977 annual report by a committee of the Paris-based, 24-natlonReuter - 442 words
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398 1977-12-30 12 Reuter UPI LA PAZ, Thurs. Bolivia will Insist that tin prices be revised upwards at the meeting of the International Council on Tin in London on Jan 12. A' Ministry of Mining source said yesterday the leading tin-consuming countries, headed by the US,Reuter; UPI - 398 words
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Article191 1977-12-30 12 Reuter THE Association of Natural Rubber Producing Countries (ANRPC) will hold the first meeting of its international rubber council from Jan 10 to 12. An ANRPC official said the meeting will be followed on Jan 13 by a special executive committee meeting at which theReuter - 191 words
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456 1977-12-30 12 Reuter AFP HONGKONG, Thurs. Deputy Trade Director John Chan said today that Hongkong will limit its exports to Sweden of a wide range of textile and clothing products from Jan. 1 to March 31 next year. He retailed that negotiations between Hongkong and NorwayReuter; AFP - 456 words
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Article790 1977-12-30 12 LONDON. Thurs. Prices closed mixed, restrained by fears that the continued strength of sterling would affect companies' overseas earnings. Government bonds were firm on expectations of a cut in the Bank of England minimum lending rate early next year. Short-dated stocks gained up to around 1/4 in active790 words