The Business Times, 31 December 1977
1977-12-31
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The Business Times
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Title Section10 1977-12-31 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, DECEMBER 31, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article62 1977-12-31 1 UPI FRANKFURT, Frl. The sagging US dollar can be propped up only If the United States reduces Imports of oil. west German central bank president Otmar Emmlnger said today that while Intervention by the Bundesbank and other central banks could smooth erratic movement of the dollar, only actionUPI - 62 words
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Article67 1977-12-31 1 Reuter JAKARTA, Frl. Indonesia will cut Interest rates of state-controlled banks by 1.5 per cent from next Monday to boost exports and speed up growth. The new rates were officially announced last night after a five-hour Cabinet meeting chaired by President Suharto during which details of theReuter - 67 words
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Article61 1977-12-31 1 UPI TOKYO, Frl. A total of 18,064 companies, mostly small steel, shipping, shipbuilding and textile firms, went bankrupt this year with debts totalling U5512.12 billion (Ss29 billion). A private credit research agency, Telkoku Koshlnsho, said the number of failures was up 15.5 per cent over last yearUPI - 61 words
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Article53 1977-12-31 1 Reuter KUALA LUMPUR, Fri. Malaysian Health Minister Tan Sri Lee Slok Yew resigned today before a major Cabinet reshuffle expected before the new year. His resignation was demanded by Malaysian Chinese Association (MCA) President and Labour Minister Datuk Lee San Choon. MCA is a component of theReuter - 53 words
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Article50 1977-12-31 1 Reuter LONDON, Frl. Nigeria, Africa's largest oil producer, has decided to cut prices on seven petroleum products. Lagos Radio reported that the cuts averaging about 5 per cent would bring prices Into line with the other major oil exporting countries. The cuts come Into effect next Sunday. Reuter.Reuter - 50 words
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Article89 1977-12-31 1 UPI NEW YORK, Fri. Stocks struggled for direction early today as investors weighed the government's report that Its Index of leading indicators fell 0.2 per cent in November. Trading was active. The decline In the indicators was the first in five months, but was less than some analystsUPI - 89 words
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Chief Mm Changes
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Article114 1977-12-31 1 Rises Most active P. Bank B. Raya 2.50 1.60 +.16 .14 B. Raya 785.000 G. Ceramics 2.08 +.12 K.L. Kepong 167,000 K.L. lad. 0.80 +.10 Public Bank 113,000 MtfuuaCarp 3.18 +.10 O. Ceramics 88,000 Prim* 2.27 .09 Total Turnover: 2.536M Supreme Corp UTo. Bank 1.80 3.04 .06114 words
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Article, Illustration197 1977-12-31 1 THE year closed on a steady to firm note in another round of eleventh-hour hectic trading on the Stock Exchange of Singapore yesterday. Turnover more than doubled from 1.42 million units to 3.11 million units. The Business Times index, which breached the 500-point mark on Thursday, rose197 words
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Article, Illustration1035 1977-12-31 1 SOH TIANG KENG - INFLATION UNDER CONTROL By SOH TIANG KENG SPURRED by the buoyant performance of manufacturing and trade, the Singapore economy put up another good show during the third quarter this year. The Monetary Authority of Singapore describes the economic performance as satisfactory, and it is confident1,035 words
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708 1977-12-31 1 TERESA LIM - •y TERESA LIM THE Government Is considering the suspension of the suitability certificate before it is abolished. This was disclosed by Prime Minister Lee Kuan Yew in a question and answer session following his address to members of the Political Association of the University of708 words
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251 1977-12-31 1 THE bulls made their presence felt on the Stock Exchange of Singapore yesterday with a last minute burst of buying activity which raised the Business Times index by 4.10 points to a record 504.55. Trading volume for the day at 3.11 million251 words
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501 1977-12-31 1 JOHN TAN - •y JOHN TAN INCHCAPE Berhad has concluded a two-part deal with the Royal Bank of Canada and Inchcape Par East In which the Singa-pore-based trading group will end up $4.9 million richer. Under the deal, Inchcape sells off some of Its Interests501 words
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Article106 1977-12-31 1 IN WHAT is believed to be a prelude to expanding its operations, Morgan Guaranty Trust Singapore has made six senior appointments. Under the exercise, Mr. Philip Deer has been appointed vice president. Appointed assistant vice 6 resident are Mr. David [lckman, Mrs. Hlng Mel Kune, Mr. Llm Ho106 words
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Page 1 Advertisements
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Advertisement67 1977-12-31 1 Cool healthy pollution-free driving with JmAßuenu k COOL- /WAS TER CAR AIR CONDITIONER <Bt _J_ 1 Moron# (Pfuvwcrc) umited 5-11 GOLDHILL PLAZA. SINGAPORE 11 TEL *****2 240. LAVENDER STREET. SINGAPORE 12 TEL *****80' SEE PAGE 2 E Oversee* News/ TV Radio -P2 Owm New* -P3 Lecel Co. Newt -P4 InternnthMud67 words
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Advertisement36 1977-12-31 1 SIX-MEN SKID MOUNTED BUNK HOUSES NOW AVAILABLE EX-STOCK ALSO FULLY FURNISHED TWO BEDROOM UNIT INCLUDING BATHROOM, ETC. BEAUTIFULLY FINISHED. INTERFAB PRIVATE I.TD .'A lur. mi Prt H > i .r- mi Sir j >r Tel *****11 BEs£6£936 words
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Advertisement136 1977-12-31 1 Ar 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 energy136 words
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OVERSEAS
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2831 1977-12-31 2 NEW YORK, Frl. A Federal Reserve Board official said recent turbulence in foreign exchange markets Is a result of "erroneous perceptions" rather than any fundamental weakness In the dollar. Addressing the American Economic Association and American Finance Association at their annual meetings In New2,831 words
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266 1977-12-31 2 AP LIMA, Fri. Peru's giant anchovy fishing Industry, In Erevious years a major read-winner for the economy, may be Idle for all of next year. The Peruvian Sea Institute said recuperation of the anchovy stock has been only partial since It ordered suspensionAP - 266 words
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Article159 1977-12-31 2 Reuter BELGRADE, Frl. The Yugoslav Federal Assembly (Parliament) has endoraed a Budget for 1978 of million dinars (Bslo. 6 billion), an effective increase of 12.6 per cent. Finance Minister Momcllo Cemovie told the assembly that about 80 per cent of the budget would be takenReuter - 159 words
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175 1977-12-31 2 AP BRUSSELS, Frl. Some steel Imports Into the nine Common Market countries will stlU be permitted under the system of minimum prices which goes Into effect on Jan. 1, according to Mr. Etlenne Davlgnon, the EEC Commissioner for the steel Industry. The system IsAP - 175 words
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254 1977-12-31 2 Reuter NEW YORK, Fri. The Carter administration is committed to providing three million new jobs by 1981 and cutting unemployment to 4 per cent by 1983. "We believe we can achieve that goal," Labour secretaiy Ray Marshal told the Industrial Relations Research Association. AchievingReuter - 254 words
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Article163 1977-12-31 2 AP DETROIT, Frl. North American car and truck production, as expected, set a record this year. A trade publication, Ward, also reported that US production was a near record. Vehicle production In US and Canadian plants totalled 14.4 million, one per cent above 1073's recordAP - 163 words
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808 1977-12-31 2 AP GENEVA, Frl. The Industrial countries of Western Europe must either integrate their foreign workers fully or change the continent's economic structure to keep unemployment under control. For these countries these are "the only two basic options" for a way out ofAP - 808 words
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407 1977-12-31 3 Reuter LONDON, Frl. Britain Is still considering whether to repay the US$B3O million (551.99 billion) first credit tranche drawn from the International Monetary Fund in May last year before the 1979-81 deadline. Official sources noted that an early repayment has been considered forReuter - 407 words
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283 1977-12-31 3 Reuter WASHINGTON, Frl. US reserve assets rose US$lO7 million (Ss2so million) to $19.16 billion in November, the Treasury Department said. Gold stock was unchanged at $11.66 billion, while holdings of special drawing rights rose $18 million to $2.55 billion. Holdings of convertible foreign currenciesReuter - 283 words
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Article97 1977-12-31 3 Reuter COLOGNE, Fri. The United States expects the dollar to recover In the new year. Mr Fred Bergsten, a Secretary of State in the US Treasury Department, said today. He stressed Washington's interest in a strong US currency. "A weak dollar adds to the inflationaryReuter - 97 words
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Article182 1977-12-31 3 Reuter WASHINGTON, Fri. US commercial and industrial loans outstanding rose US$3.O3 billion (557.09 billion) to $125.25 billion In the week ended Dec 21. That was $7.78 billion higher then the level of business loans outstanding in the comparable week a year ago. Loan sales wereReuter - 182 words
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349 1977-12-31 3 NYT NEW YORK, Frl. Mr. William Miller, who has been designated by President Carter to succeed Dr. Arthur Burns as chairman of the Federal Reserve Board, said yesterday that he was a strong advocate of the independence of the Federal Reserve system. HeNYT - 349 words
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Article74 1977-12-31 3 Reuter WASHINGTON, Frl. US retail sales rose 1.3 per cent or US$lB5 million (***** million) a seasonally adJusted $14.32 billion in the week ended Dec 24. The rise compared with an increase of 1.7 per cent the previous week. Excluding cars, sales rose 1.8 per cent In theReuter - 74 words
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908 1977-12-31 3 Agencies LONDON, Fri. Leaders of Britain's 35,000 firefighters have voted to continue their seven-week-old strike over a pay dispute but will seek fresh talks with the government. After a seven-hour meeting yesterday, the executive of the Fire Brigades Union voted against setting up aAgencies - 908 words
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Article1160 1977-12-31 3 Agencies NEW YORK. Frl. A group of leading economists said they do not expect significant shifts In Federal Reserve Board monetary policy under ChairmanDesignate William Miller. The economists, appearing after an economic outlook session at the Allied Social Science Association conference here. Included OttoAgencies - 1,160 words
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Page 2 Advertisements
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Advertisement498 1977-12-31 2 Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most powerful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their own economies and the role of IMF in frustrating these efforts. A498 words
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Page 2 Miscellaneous
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Miscellaneous361 1977-12-31 2 THE WEATHER WEATHER report for 24 hour* prior to 7.30 pm on Dee 30 at Singapore airport. Maximum Temperature 30,9° C Associated Humidity 72 Minimum Temperature 23.8° C Associated Humidity 100 Hour* of Sunshine 9.96 in 3 Total Rainfall for the Month 199.5 Total Rainy Days for the Month 15361 words
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Page 3 Advertisements
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Advertisement181 1977-12-31 3 The daily double Every business day, Singapore s two vital newspapers, The Straits Times and Business Times, bring a wealth of information to your table. The Straits Times fills you in on day-to-day happenings in Singapore, Malaysia, ASEAN and the world. On people, politics, sports and entertainment. But for a181 words
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Page 3 Miscellaneous
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Miscellaneous185 1977-12-31 3 CROSSWORDS B F^ o y n s B CRYPTIC SOLUTION ACROSS.— 1, Straps. 7, Point out. 8, Dale. 10, Probed. 11, Veneer. 14, Lie. 16, Qo-llv. 17, Talc. 19, D-eter. 21, Water. 22, Vl-N-ce. 23, Muse. 26, Devil. 28, Tor. 29, I-Deal-s. 30, Bulgar. 31, Ante. 32, Educator. 33, Klnd-le185 words
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COMPANY NEWS
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947 1977-12-31 4 MANO SABNANI - Br MANO SABNANI JACK Chla-MPH has forecast that the proposed acquisition of Tung Yuan Enterprises will contribute $593,000 to the group pretax earnings In the second year after acquisition. Further, Tung Yuan Is expected to Increase Its contribution to $1.56 million in the947 words
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349 1977-12-31 4 ESSO Production Malaysia plans to set up two more production and drilling platforms next year in Its contract area off the Trengganu coast. A spokesman of the company said each platform costing more than Ms4o million was capable of drilling 24 wells and would349 words
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Article132 1977-12-31 4 JUDGING from its interim results, India Malaysia Textiles looks like having to narrate a further tale of woe in the current year ending March 31, 1978. Losses during the six months ended Sept 30, 1977 have widened to $732,000 against $594,000 previously, throwing further gloom on132 words
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Article, Illustration198 1977-12-31 4 JARDINE, Matheson Co has announced the appointment of Mr. W. M. Courtauld (above) as the new group general manager while Mr. D. P. Graham has been appointed new director of the group subsidiary, Jardlne Matheson Co (South East Asia). Both appointments take effect from Jan 1, 1978.198 words
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Article382 1977-12-31 4 Current Ex Date Tetal for Total far paymoBt Date payable IW year mm1—i ym Incbcape 5*1 Dec 12 Dec 31 5% 12 5% M. Bos Bbd 5*1 Dec 5 Dec 31 5% 15* Metal Box 8'pore IBS Jan 4 17* S'pore Land 5% No* 29 Jan 4 5*382 words
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Article510 1977-12-31 4 INCREASED palm oil production combined with higher commodity prices and Investment Income has put Kuala Lumpur-Kepong strongly back on the growth path with a 117 per cent jump In group pre-tax profits for the year Just ended Sept 30, 1977, bucking the declining profit trend510 words
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Article737 1977-12-31 4 NYT NEW YORK: Picture a company that is selling at about 26 times its book value, has cash equal to U557.59 a share and has a priceearnings ratio of 10.5. The company 's plants are almost new and completely paid for and its patents, of inestimableNYT - 737 words
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Article1580 1977-12-31 4 December 29 TRADING on the Chicago Board Options Exchange came to 106,537 contracts compared with 79,199 contracts on Wednesday. OPTION JAN APL JLY STOCK Alcoa 40 6 8 5/8 UNTRD 48 Alcoa 45 1 1/2 3 UNTRD 48 Alcoa SO i/ie 1 NOL 48 Alcoa 60 UNTRD1,580 words
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181 1977-12-31 4 THE poor performance of a subsidiary exerted a strong pull on the earnings of Alexandra Holdings during the six months ended Sept 30. 1977. Group unaudited pre-tax Income, deriving solely from Investments and fixed deposits during the period showed a small rise181 words
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COMPANY MEETINGS
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Article24 1977-12-31 4 The following company meetings are due: Dec 31 on the hotel premises at Amber Close, Singapore 15 at 11.00 a.m.24 words
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Article14 1977-12-31 4 Jan 7 at 6, Tambun Road, Ipoh at 10.30 a.m.14 words
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Article19 1977-12-31 4 Jan 12, 1978 at Its registered office, 25 Beach Street, Penang, Malaysia at 12.30 p.m.19 words
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28 1977-12-31 4 Jan 24 In the board-room of Malaysian Industrial Development finance Bhd, 4th Floor, bangunan MIDF, 117, Jalan Ampang, Kuala Lumpur at 11.30 a.m.28 words
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Page 4 Advertisements
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Advertisement265 1977-12-31 4 When Malaysian petroleum resources diy up, so wouki 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 $820 million for 1978.265 words
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INTERNATIONAL COMPANY NEWS
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1234 1977-12-31 5 EUROPEAN COMPANIES FT STORA Kopparberg, Sweden's oldest company tracing its origins back to the 11th century, sheds the last of its steel business next year. This will be the climax of a two year metamorphosis, from which It hopes to emerge as aFT - 1,234 words
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423 1977-12-31 5 FT LONDON: The high-flying performance of British Leyland's specialist engineering division. Leyland Special Products, lost momentum in the third quarter of 1977. Profit was only 62 per cent of that planned for the period. However, because Special Products, Britain's eighthlargest engineering group, had something inFT - 423 words
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Article205 1977-12-31 5 NORTH AMERICAN COMPANIES Reuter THE US Financial Accounting Standards Board (FASB) said It has added to its technical agenda an examination of the presentation of earnings statements. The board also said It has issued an exposure draft of a statement of basic flnan- clal accountingReuter - 205 words
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Article162 1977-12-31 5 Reuter GENERAL Motors Corp. said it would boost prices on two models of Its subcompact Chevette by about three per cent. It said the price of the two-door Chevette Hatchback model would go up US$lOO to $3,354 in eastern states ($llB less in western states,Reuter - 162 words
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Article45 1977-12-31 5 THE International Aerospace Machinists union rejected a new contract proposal by Lockheed Corp to end an 11-week-old strike. The new proposal, voted on by union members at a mass meeting here, contained modifications by Lockheed on seniority, the key issue in the dispute.45 words
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1164 1977-12-31 5 NYT NEW YORK: With the days running out. the master sat in his elegantly appointed office and talked about his abdication. The master is a small figure, dwarfed by the chair he sat in. "I'm basically a satisfied man," he said. "WhenNYT - 1,164 words
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Article561 1977-12-31 5 WASHINGTON: An administrative law Judge for the National Labour Relations Board has found the J.P. Stevens Co. target of a nationwide boycott by the AFL-CIO for Its longstanding anti-union campaign guilty of negotiating in bad faith at its Roanoke Rapids, North Carolina, plants. In a561 words
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Article295 1977-12-31 5 AP THE Boeing Co. has agreed to an out-of-court settlement of a suit that In effect, will tighten the company's rules and policies on foreign aircraft sales and paying of "sales consultants." Under terms of the settlement, Boeing must Include in Instructions to sales agents orAP - 295 words
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162 1977-12-31 5 Burson Marsteller sees rise in income BURSON-MARSTELLER, international public relations firm, reported that Its Income for its fiscal year ended Sept 30, 1977, was U5517.65. million, an increase of 34 per cent over the $13.15 million In 1976. Harold Burson, chairman. said the growth rate in 1977 was the greatest162 words
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Article58 1977-12-31 5 SCHERING PLOUGH Corp, a pharmaceutical house in Kenilworth, New Jersey, said it was ending an 11-year agreement with West Germany's Bayer Ag under which the US firm marketed Bayer prescription drugs. Schering Plough said the agreement would be terminated effective from Dec 31. but that it would58 words
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Page 5 Advertisements
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Advertisement357 1977-12-31 5 n u \X FROM FEDERAL PUBLICATIONS LAM BIA V YAM l\ 1 !i r--1 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 of357 words
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Article2376 1977-12-31 6 1977 High Low Company Last Sale +OCGr'« div Div C'VT Gr'« v y'U Net r/E Vol C000) Day High Low 8ECTION ONE INDUSTRIALS 154 204 119 246 88* 205 169 260 422 146 134 165 58 212 57* 155 149 182 350 91 Ac ma Alcom Allied2,376 words
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Article1148 1977-12-31 6 BID and offer prioaa officially kuiiMi la aad i.^ck^i.iou^nS.'SS Si!", *P«cifiad. All tome StUw—nt Contract* an 4Mtod after the warld "Sett" Biff Board deals (ia lota of 2.000 KSslbb* ,u#u4 n SECTION ONE INDUSTRIALS Am (1.378 1.388) (1) 1.30 Aim (1MB) Allied Choc (MSB 1.178) (2) 1.181,148 words
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Article1280 1977-12-31 6 BID and otter price* officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number oi share* traded shown in bracket* in lota of J ,000 units unless otherwise specified. INOUITRIAL* AJinsmst* (2.170). Aleom (1.738). A. Clmc (1.16B). A.M.O. (P. 57181,280 words
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Article59 1977-12-31 6 STRIKING price* of the stock options officially lifted 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. Inchcape (March $2.10) (0.19B) (1) 0.17 (1) 0.19. OUB (March 13.00) (0.1455) (1) 0.12 (2)59 words
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Article151 1977-12-31 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Miaafn*' prioi hrJull (Cumat m INCOME BOND rteaa) The Commerce 1.7# 1.89 1.09 1.13 The Saving Fund 1.09 1.1S MARA BUMIPUTRA FUND 8'pore Prof Fund 0 84 0.S9 (Managers' pricai i far Jaa 3) 8'pore Security w First Bumlputra 2.24 2.29 Fund151 words
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Article192 1977-12-31 6 B O T 8 1/2% 1961 (100,000) (100*B 101 *S) B O T 7 5/8% 1984 (100.000) (96*8 97*8) B O T Floating 1984 (100.000) (98HB 99'•♦ Si LTCBJ 1982 (100.000) (98*B 99ViS) Credit Lyonnai* Floating 1983 (100.000) (97*8 988) C Itob 8 1/8% 1984 (100,000) (96*8 97*S)192 words
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Article120 1977-12-31 6 Rep Spore D Mark 7% 1982 (100,000) (102*B 103*8) Rep Spore C 1/2% 1983 (100,000) (102*B 103*8) Rep Spore 7 3/4% 1987 (100,000) (99*8 100HS) 4 3/4% 1/5/79 (250,000) (100.408 100.508) 5 1/4% 15/18/79 (250,000) (100. SOB 101.10S) 4 3/4% 15/9/80 (250,000) (99.358 99.805) 6 3/4% 1/12/80 (250,000)120 words
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Page 6 Advertisements
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Advertisement14 1977-12-31 6 j* 1 *•?>%.»• 4 s ,-4-.» r 4 ;>>% >v Will FROM SINGAPORE TO AMSTERDAM KLB4414 words
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Article, Illustration704 1977-12-31 7 CONDITIONS were steady in active trading on the Stock Exchange ef Singapore yesterday. As expected, certain counters were given good support during the last half hour or so of activity due mainly to window dressing. These were firat section share* which were bought into by the institutions.704 words
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Article387 1977-12-31 7 FEVERISH >activlty In the afternoon send the Kuala Lumpur Stock Market soaring to a rousing happy finish for the last trading day of 1977. Across a broad front, moderate to substantial price appreciations were registered as a gush of buyers flooded the market, converting the387 words
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INTERNATIONAL MARKETS
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Article349 1977-12-31 7 HONGKONG: Share prices closed lower yesterday where changed In moderately active trading, dealers said. The Hang Seng index closed at the year's low of 404.02, down 1.32 on the last day of trading for 1977. uStJ 1 Plci c fell IS cents to HK$5.3O and Homg Kong Bmmk dropped349 words
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Article365 1977-12-31 7 SYDNEY: The market closed firmer yesterday with leading Industrials and minings gaining ground In light year-end trading, dealers said. However Pancontinental dropped 30 to AJI2 60 on profit taking. Utah and Queensland Mine* both gained five cents to *3.50 and $2.60 respectively. Central .Norseman added 20 to $7 40.365 words
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Article121 1977-12-31 7 DEC Bahts Asia Fibre 205 +4 Bangkok Bank 387 unch Bangkok Invest 338 -2 Bangkok-Metro-politan Bank Bata Bern Jucker 520 ♦8 CharoongThal Wtre 314 >9 Dumex Duslt Thanl Faber Merlin First Trust 338 ♦4 Genera Finance Indo-Thal Industrial Finance Corp J And J Ho 374 +2 Jalaprathan Cement 318121 words
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Article292 1977-12-31 7 AMSTERDAM: The market eased on Thursday in listless conditions on the last trading day of the year with sentiment depressed by the dollar's weakness, dealers said. Royal Dutch led Dutch internationals two guilders lower. Transports were the only exception to the generally lower trend. NMB firmed in otherwise lower292 words
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Article147 1977-12-31 7 BRUSSELS: Belgian share prices closed lower In quiet, trading, bourse sources said on Thursday. Hainaut-Sambre, Socfio and Dumont rose while SoAna, Sidro, Traction, Hoboken. Cockerill, Clabecq, UCB, St Koch and Cometra fell. In foreign stocks UK. Germans and Canadians were little changed. Dutch. French and US fell. Gold mines147 words
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Article299 1977-12-31 7 FRANKFURT: The market closed on Thursday mixed after early weakness with trading dominated by book-squaring for the year, dealers said. They noted some market confidence for prospects In 1978. Leading chemicals were mostly firmer with Bayer gaining 1.20 marks, while major banks and electrlcals shed around a pfennig. In299 words
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Article153 1977-12-31 7 MILAN: Stocks were generally firmer tn thin dealings on Thursday, consolidating Wednesday's gains, bourse sources said. Sip and Stet gained In the telephones sector, following announcements of planned scrip and rights Issues. Batlogi, Montedison, Pirelli and Sola Viacoaa gained. Fiat. Pirelli, Assicuraiioni General! and Immobtliare fell. Treasury bills and153 words
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Article326 1977-12-31 7 PARIS: Shares were generally easier on Thursday due to uncertainty following the weakness of the dollar, bourse sources said. Micbelin was little changed after the return to work at Its Clermont-Ferrand plant by the majority of the workforce. Stores, metals, constructions, oils and chemicals were mixed. Among weaker foreign326 words
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Article293 1977-12-31 7 ZURICH. Prices closed narrowly, mixed on Thursday, with investors cautious following the announced change of US Federal Reserve Board chairman and the decline of the dollar on the foreign exchange market, dealers said. Swissair was firmer, but banks closed little changed apart from lower Hypo Winterthur, flnanclals were mostly293 words
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Article368 1977-12-31 7 JOHANNESBURG: Gold* firmed on Thursday in moderate trading on bullion price indications, dealers said, with gains ranging from a few cents in smaller priced Issues to 150 cents in certain heavyweights. Financial minings shadowed producers with AmgoM rising 120 cents to 3,020 and Jnknnltii 35 up at 2,175. Diamond368 words
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Article1063 1977-12-31 7 NEW YORK: Bargain hunters reversed Initial stock market weakness, lifting prices to a higher finish In brisk trading on Thursday. Analysts said Investors were generally pleased with President Carter's surprise aelection of O. William Miller, chairman of the board of Textron to be the new chairman of the1,063 words
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Article333 1977-12-31 7 TORONTO. The market rallied from mid-morning losses to close Thursday higher in active trading. The composite Index rose almost two points and gains outnumbered losses 247 to ISS with some oil Issues sharply higher. The oil index rose over 12 points. Pacific Pete climbed 1 3/8 to 42 1/2.333 words
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Article65 1977-12-31 7 FINANCIAL TIMES INDUSTRIALS Thursday .490.6 Wednesday 490 4 Week Ago 481.6 DOW JONES AVERAGE INDUSTRIALS Thursday 830.39 Wednesday 829 70 Week Ago 821.81 LONDON DOLLAR PREMIUM Thursday 84 to 84* Wednesday 88K to 88%. H.K. HANG SENG Thursday 405.34 Wednesday 406.24 Week Ago 409.23 SYDNEY INDUSTRIALS Thursday 414.51 Wednesday65 words
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Article501 1977-12-31 7 AP SYRACUSE (New York): Though General Electric Co's staff here has plummeted to 5,400 ffom 17,500 In the past decade, there may be reason for Joy in the community. That is because QE has agreed to Join with Hitachi of Japan to make television sets here. That moveAP - 501 words
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Page 7 Advertisements
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Advertisement207 1977-12-31 7 KLB36 KJLM With immediate connections to U.K., Scandinavia, the Middle-East in fact to all major cities of the world. There s no better time than now to discover the Holland of the Dutch. With the cultural season in full swing, most tourists have gone, prices are lower. And there's a207 words
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COMMODITY REPORTS AND PRICES
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Article383 1977-12-31 8 OPENING quotations on the Singapore rubber market yesterday were marked up fractionally with buyers and sellers quoted one cent apart, dealers said. The market then hardened a further one cent on speculative and trade buying with up-country support also evident, they said. Towards the morning383 words
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Article30 1977-12-31 8 Rubber: Dec 30 Singapore: January 196.00 cents (up 1.25 cents) Malaysia: 198.50 cents (up 1.50 cents) Tins: $1,696 (down S3) Official offering: 237 tonnes (up 17 tonnes) t30 words
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Article305 1977-12-31 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. February Int 2 R.S.S UK/Cont. Int. 3 R.S.S. UK/Cont. Int. 4 R.S.S. UK/Cont Int. 5 R S.S. UK/Cont Closing tone:305 words
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Article101 1977-12-31 8 NOON SSR and SMR prices yesterday: HAS January February (Current Mth) (Forward Mth) Buver» Seller* Buyer* Seller* (cents per kf) (cents >erk«) NOON SSR and SMR prices yesterday: 9oR 20 (1-ton pallet) 190.50 192 SON 191.50 193.SON SSR SO (1-ton pallet) 188 50 190.50N 1M.S0 191.SON MRKLB101 words
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Article60 1977-12-31 8 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Dec 29 until further notice: Rubber: 90S cents a pound Copra: $908 00 a ton Palm Kernel: $235 25 a ton The rates of duties payable are: Rubber: 14S cents a pound (Total 19% cents)60 words
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Article416 1977-12-31 8 PRICES were steady to firm in quiet trading at the Singapore produce market yesterday. Last minute buyer interest in black pepper boosted two of the grades by $2.50 per picul while the third grade Sarawak special black rose $9.50 to $299.50 per picul. Some deals were done with416 words
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Article243 1977-12-31 8 LONDON, Fri. Terminal sugar opened £1.50 to £1.90 over yesterday's 1700 hrs levels and turnover totalled 561 lots. Market sources said values opened around last night's higher closing kerb levels which had followed the firm trend In New York. Fresh Interest here was small In front of the long243 words
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Article207 1977-12-31 8 BANGKOK, Fri. The following rice prices were quoted: (In US dollars per tonne fob bull. Bangkok > Whit* Itice: 100 pet Ist class 300. 100 r-t 2nd class 345.100 pet 3rd class 340. pet 331. 10 pet 315, 15 pet 312. 20 pet 309. 25 pet 307, 35 pet207 words
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Article80 1977-12-31 8 C.I.F Rotterdma, US dollars Der ton LONDON Thursday Previous Malaysia 5% f fa bulk Feb 507 sir 500 sir Sumatra 5% f fa Dec 532.50 pd 540 sir Jan 532.50 sir 532.50 sir Feb March 515 pd 520 sir 527 50 slr/520 pd 520 sir April 500 pd80 words
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Article349 1977-12-31 8 LONDON, Frl. Terminal coffee opened £11 £14 per tonne up on yesterday's close. Turnover was 353 lots and the official tone "about steady". The market continued yesterday's late recovery helped by a strong overnight close in New York and reports of good roaster buying interest there. The official statement349 words
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Article207 1977-12-31 8 THE STRAITS tin price In Penang yesterday fell another Ms 3 to $1,696 per plcul, on an official offering up 17 tonnes to 237 tonnes. Despite higher overnight London advices, the continued down-trend reflected the holiday season and over-supply of tin concentrates from miners for year-end squaring, dealers207 words
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Article304 1977-12-31 8 LONDON, Frt. Terminal cocoa staeed a small technical rally after recent substantial declines, to finish the opening call up from last night by £14 to £5 per tonne. Dealers attributed the support In a thin market to year-end book-squaring combined with sporadic trade and outsider shortcovering. The sources said304 words
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Article212 1977-12-31 8 HONGKONG, Frl. Sugar futures closed firmer in quiet trading ahead of the New Year holiday, dealers said. The market opened firmer but prices eased somewhat near the close on trade house selling, restricting the gains which ranged from 0.19 to 0.25 US cents, they said. Turnover fell to212 words
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Article200 1977-12-31 8 YARN and cotton in Hongkong dollars, spot ex-godown China Blue Phoenix 20 s 1.800. 32's 2,050. 40 s 2.110 (per bale of 400 lbs). Pioco Goods: China Butterfly and Globe Brand unq. Dragon Head unq. Five Lambs unq. Dower and Butterfly unq. Flying Geese unq (per piece 36200 words
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Article175 1977-12-31 8 CHICAGO, Frl. Soybean futures yesterday closed at the day's lows in the nearbys and Just off the lows of a narrow trading range In deferred months, posting losses of 3* to H cent a bushel. Prices ranged to either side of yesterday's close, weakened by light commerlcal selling and175 words
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Article59 1977-12-31 8 CHICAGO. Frl. Wheat futures yesterday finished the session with losses o£2*. to three cents a bushel but closed above the day's lows. Easiness in cash bids at the .Gulf and exporter selling pushed prices lower in early trading, despite commercial buying on the decline. Professional selling helped keep prices59 words
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Article387 1977-12-31 8 THIN and quiet conditions prevailed at the Singapore gold market yesterday. Q«T£i»* kl,obar OP® ll l at 5512.575 and moved lower, in line with the US dollar/Slng&pore dollar exchange rate, to close at Its low of 5112.514. In the loco London market, the metal dbened at U*****.30/50 and profittaking387 words
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Article52 1977-12-31 8 LONDON, Frl. Zinc lost £6 all round. This metal followed the general decline year-end liqudatlon and stop-loss selling pushed values through the recent resistance level of £295 for Three Months. On Thursday, zinc closed with cash up £0.75 and Three Months unchanged. The afternoon market was barely changed in52 words
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Article55 1977-12-31 8 LONDON, Frl. Lead declined by £5.75 for cash and £7 for Three Months. The fall in copper prompted long liquidation and stop-loss selling down to £359 stg per tonne for Three Months. Short-covering, however, partly erased losses on the late kerb. On Thursday, lead rose by £1 for cash55 words
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Article345 1977-12-31 8 LONDON, Fri. Copper wlrebars finished a shortened trading session with losses of £13 for cash and £15 for Three Months. Values softened on the re-market following New ork but the downward trend gathered momentum under year-end liquidation and subsequent stoploss selling which pushed Three Months down to £679 per345 words
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Article166 1977-12-31 8 LONDON, Frl. Silver fell by 1.9 to 1.7 pence per troy ounce. Initial pre-market steadiness which reflected the overnight gains at New York was not maintained. Carries formed the bulk of the turnover of 133 lots. Prices steadied on the kerb under late covering with Three Months trading up166 words
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MONEY AND EXCHANGES
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Article612 1977-12-31 8 THE FOREX market yesterday was basically quiet although some movement was recorded in the Singapore dollar rate, attributed by dealers to yearend commercial factors. The Singapore dollar strengthened significantly against the US unit but partlallv reversed itself before closing. The opening rate was 552.3365/80 which moved downwards to612 words
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Article171 1977-12-31 8 Asian rates s ss? on d^v ,nterhMk US Dalian <8»«> Offer Bid 7 days 1 mth 2 mths 3 mths 6 mths 8 mths 12 mths .6 3/4 8 5/8 .7 6 7/8 .7 3/16 7 1/16 .7 5/16 7 3/16 -.7 11/16 7 9/16 ..7 3/4 7 5/8 ..7171 words
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Article52 1977-12-31 8 RANOE of prji cct offered by dlsc< house* on Dec 90: Overnight 3V.H Call deposit 3-Month Treasury bills 3-Montft Ban Ir bills 3-Month CD 8-Month CD Bwk: Nation 3 V. rinini Biiyiac 8.Ui«, 3 l/« 3 1/8 1/1 4 3/4 5 \/X 5 3/8 J 7/1 $3/4 il Duoouat52 words
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Article38 1977-12-31 8 Euro rates LONDON, Frl. Trading Interest in Eurodollar deposits was very small on the last trading day of the year, dealers said. Short dates were also quietly steady. deposits opening quotes Lont weekend 2-9/16. 2-7/18 E22J22 BB liMak*38 words
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Article58 1977-12-31 8 RmOLT8(of tender held on Dec 30 for 91-day and 182-day M-teUbtibM haJulliJul lt*-4ay Wbtebe lw«4«Jul Offered Applied for: Allotted Accepted Mds: Average rmteof discount on allotment: *30,000.000 m.oao.ooo KM.000,000 MA approximately 72V higher M<U In full J 190Sp« uo 000 000 MTMOIOOO MO 000 000 ■.is approximately58 words
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Article213 1977-12-31 8 LONDON, Frl. Major currencies opened mixed in thin trading here with the pound losing up to a cent initially before showing some recovery, dealers said. Some dealers said a press report quoting a Union Bank of Switzerland official saying the pound Is overvalued stemmed interest in sterling. But many213 words
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Article113 1977-12-31 8 NEW YORK, Frl. The dollar yesterday continued to weaken against major currencies, primarily reflecting reaction to appointment of G. William Miller as Federal Reserve Board chairman, dealers said. Trading remained very quiet, however, with many operators remaining out of the market until the New Year, they said. Sterling113 words
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Article162 1977-12-31 8 TOKYO, Frl. the dollar for overnight delivery closed at 240 yen flat, unchanged from vestferday's close, down from a 240.05 opening, after continued intervention by the Central Bank, dealers said. The Bank of Japan bought an estimated $150 million, mostly In late trading, at 240 yen flat to support162 words
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Article94 1977-12-31 8 HONGKONG, Frl. The US dollar closed little changed In very quiet featureless trading, dealers said. Most of the rates are window dressing and very little business has been done as banks have squared their books for the year-end, they said. Sterling firmed slightly to U551.9145/70 from 1.9125/45 in New94 words
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Article262 1977-12-31 8 EUROBOND price* quoted on Dec 30 Straicku Bid Offer Telmex 9W 84 98 82 M.12 RHM992 98 50 97 28 TNT 9 82 98 25 94.75 Midland Bank 8*i 92 98 00 98.75 Ooetaverken 7* 82 08 00 90.00 Ooetaverken 8W87 95.00 08.00 NCB887 95 00 95 75 Barclays8W262 words
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Article55 1977-12-31 8 AUSTRALIA/NZ exchanges on Dec 29: AU8TRAUA. US dollar 1 1438/1 1300 Sterling 0 8000/0 5030 Ninety-day air mail buying rater Sterling 0.8145 US dollar 1.1736 Ninety-day forward buying rate*. Sterling 0 5053 US dollar ***** NEW ZEALAND Sterling 0.5331/0 4323 US doUar *****/***** Ninety-day airmail buying rates: Sterling 055 words
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Article50 1977-12-31 8 FRANKFURT exchanges 0| Eh U8 2 0975/1025 <2 1080/1100) Can 1 9200/50 8tf 3 99/4.02 D Fl 92 50/90 S Fr 104 .30/105 05 Lit 2 405/425 F Fr 44 90/45 OS N Kr 40 97/41 12 B Fr (con) 6 40/43 B Fr (fin) •.37/3# Yen 0.8770 '9050 words
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Article60 1977-12-31 8 ZURICH exchanges closing quotes on Dec 30 U8 2.8150-0225 St« 3 8180 8876 Cut HUT-MIS O Mk M M-M D fl 88.41-82 r rt 42 81-43 08 B ft 6 ISM-1764 DKr 35 00-35 12 N Kr 38 34-48 8 Kr 43 25-36 Ut 0 2314-1321 AU1 Kh 13.31-3860 words
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Page 8 Advertisements
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Advertisement315 1977-12-31 8 from Penguin J IN PENGUINS Yukio Mishima firmly upheld the traditions of Japan's imperial past, which he believed were being slowly eroded by Western materialism. Disillusioned he astonished the worlcf in 1970 by committing hara-kiri or ritual suicide by disemtowelment. One of his last works, Runaway Horses, is now published315 words
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TRANSPORT AND COMMUNICATIONS
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440 1977-12-31 9 WASHINGTON, Frl. The American Telephone and Telegraph Company said on Tuesday It will ask the Federal Communications Commission (FCC) to reconsider its decision to block construction of a seventh trans-Atlantic cable until at least 1985. Richard Hough, president of AT and T long lines,440 words
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327 1977-12-31 9 PORT KLANG, Fri. The Hurt Klang Authority has proposed a penalty charge to expedite the clearance of import Full Container Load (FCL) containers from the container terminal here. The new surcharge could be imposed soon if approved by the Communications Ministry and the FCL327 words
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Article244 1977-12-31 9 AP MONTREAL. Frl. The St. Lawrence Seaway officially closed for the winter when the Swiss freighter St. Cergue became the last ocean-going vessel to clear the St. Lambert Lock on Monday, a Seaway spokesman said on Tuesday. The St. Cergue, bound for Dunkirk. France, loaded withAP - 244 words
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Article79 1977-12-31 9 AFP MOSCOW, Fri. The Soviet Union will shortly be using bigger freight planes on the trans-Siberian route between Japan and Europe. Tass news agency reported here. Aeroflot will adopt the new "IL-76" which can take 40 tonnes instead of the currently used "AN 12*' carrying 12 tonnes.AFP - 79 words
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Article247 1977-12-31 9 KOREA Chemical Carriers specialise In transporting various petro-chemlcal cargoes by sea. These chemicals Include BTX solvents, methanol, DOP, ethylene glycol, styrene monomer and clean chemicals like palm oil, soybean oil and other vegetable oils. The company has Its head office In Seoul, Korea and owns 20 ships.247 words
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Article109 1977-12-31 9 A WEEKLY Singapore/ Bangkok container feeder service managed by Straits Shipping Pte Ltd will begin on Jan 1, 1978. The ship. "Pegasus Pride," chartered by Overseas Containers Limited and Ben Line Containers, two of the member lines of the Trio Group, has a service speed of 15109 words
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Article55 1977-12-31 9 KUALA LUMPUR, Fri. A West Asian shipyard.has laid off 150 workers from yesterday because of insufficient contracts, the manager of the company, Klaus Jurges, said. The Hong Leong-Lurs-sen Shipyard Ltd. may have to lay off more of it's 360 workers if there is no "fair support" from the55 words
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Article, Illustration311 1977-12-31 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Esquilino (after Parti zanskaya Slava) 1/2 Gudrun Bakke (2359 after Ocean Fellows) 6/7 Kapitan Dotsyenko (Tanker P/O) (0600 after Sanei Maru subject gas free) 15/16 Keningau (0900 after Kimanis) 20 Palm Sea Horse (Tanker P/O) (0600 after Baoshan subject gas free PSA) 14311 words
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Article, Illustration292 1977-12-31 9 A NEW underwater thruster unit for sub sea operations with a maximum payload capacity of 100 tonnes has been developed by a Norwegian firm, Myrens Verksted A/S of Torshov, Oslo. The equipment, called Myren Sub Sea Spider. Is remotely controlled and292 words
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Article180 1977-12-31 9 UPI LONDON, Fri. A firmer tone for January bulkers in the US Gulf provided the only highlight of an otherwise still dull freight market which was not expected to pick up activity until at least the middle of next week. Glenas paid US$ll (Ss26) (FIO) to theUPI - 180 words
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137 1977-12-31 9 A MOBILE and efficient oil retrieval vessel has been leased by the Lockheed Missiles Space Company to the Cook Inlet Response Organisation to handle oil spills in the upper Cook Inlet. Alaska. The Clean Sweep type 3100 is a self-propelled 27foot long vessel operated137 words
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Article36 1977-12-31 9 SEATTLE (Washington), Thurs. The world's most powerful icebreaker, the Polar Star, made its first sortie on Tuesday by opening a lane in the McMordo Channel in the Antarctic, the US Coast guard announced.36 words
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Article704 1977-12-31 9 ARRIVALS Service Local Operator Number Time From CAL CPA TMA MAS MAS SIA CI333 0040 TPE/BKO/KUL CX003 0145 HKO TL302B 0530 TPE MH601 0715 KUL MH682 0725 KCH SQ101 0615 KUL MAS MAS MAS CAL OIA MH607 MH621 MH671 CI814 OA980 0900 KUL 0850 PEN 0945 PEN/KUL704 words
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Page 9 Advertisements
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Advertisement331 1977-12-31 9 Slow boat from 1 tsjt ft* MBt w fST* fc^* 1 <assff CHINA TRADE QUARTERLY Far East Publications RT 1913, Hanglung Centre, Paterson Street, Causeway Bay. Hong Kong. Please enter my full subscription to China Trade Quarterly. I am enclosing a cheque/money order for (JS$2OO.OO or equivalent in other currencies.331 words
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Article, Illustration1593 1977-12-31 10 MAX WILKINSON LYNTON MCLAIN - ■y MAX WILKINSON LYNTON MCLAIN FT LONDON: There Is sometimes a touch of mediaeval superstition about the way in which companies regard their more successful Japanese rivals. The special advantages which Japanese companies seem to have are thought to be, If not actuallyFT - 1,593 words
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Article, Illustration1200 1977-12-31 10 PAUL GRIMES - By PAUL GRIMES NYT NEW YORK: Nearly everyone who travels extensively has had the harrowing experience of running low on cash. While more and mor# expenditures these days can be charged on credit cards, many cannot, such as small purchases, taxi fares, tips to porters and theNYT - 1,200 words
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Article723 1977-12-31 10 LLOYD TIMBERLAKE - By LLOYD TIMBERLAKE Reuter LONDON: Richard Leakey, scion of the East African fossil-finding family, doesn't hold out much hope for the long-term survival of the human race. First, he says in his new book, "Origins," mankind is using up its limited resources too recklessly toReuter - 723 words
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Page 10 Advertisements
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Advertisement682 1977-12-31 10 w sinGopura A Otvnxm of Intar CoHmtnm MoUti 585 Orchard Road, S'pore 9. Tel: *****2 Hotel TstrgGAPORE 406/407 Havelock Road, S'pore 3. Tel: *****1 Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the jlynamlc and versatile Tanla For memorable yester hits and today's favourites.682 words
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743 1977-12-31 11 AP Reuter MANILA, Frl. The Philippines' balance of payments showed a surplus of US<l4O million (*****.6 million) In 1977 although imports were higher than exports. Its total outstanding external debts increased by 18 per cent over last year's, Central Bank governor Gregorlo Licaros announcedAP; Reuter - 743 words
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Article185 1977-12-31 11 Reuter UNITED NATIONS, Frl. The Soviet Union, Yugoslavia and FIJI signed the 1977 international sugar agreement yesterday, bringing the number of signatories so far to 42, the U.N. Legal Affairs Office reported. Fiji also gave notice of its intention to apply the agreement provisionally. This meansReuter - 185 words
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Article161 1977-12-31 11 KUALA LUMPUR. Fri. The Trade and Industry Ministry is considering whether to fix the price of kerosene at M2O cents per tottle to overcome an artificial shortage of the commodity. However, the price of kerosene per 4.5 litres would remain between 82 cents and 93161 words
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366 1977-12-31 11 CHAN BONG SOO - »y CHAN BONG SOO SINGAPORE is one of Thailand's major tourist markets. In the past two to three years, it has ranked eighth or ninth among the top generating markets. Among the neighbouring countries, Singapore ranks second after Malaysia with an average of 36,415 visitors to366 words
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Article267 1977-12-31 11 PRODUCTIVITY Is largely an attitude of the mind, said Mr. Loo Heng-Shuen, the executive director of the National Productivity Board, at the recent forum on productivity organised by the National Employers Council. He said the greatest barriers to productivity are the psychological and the attltudinal ones. For physical267 words
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Article111 1977-12-31 11 Reuter FRANKFURT. Frl. The German 1.7 billion mark (591.8 billion) bond which went on sale for the first time yesterday has already been fully placed. It may have to be apportioned owing to the strength of demand, bond market sources said. The six-year tranche, prices atReuter - 111 words
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Article360 1977-12-31 11 Reuter AFP SEOUL, Fri. Sout/i Korea's gross national product (GNP) grew by 25.5 per cent at current prices or 10.3 per cent In real terms this year. According to provisional estimates released by the Bank of Korea per capita GNP rose to US$B64 (552.110),Reuter; AFP - 360 words
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Article63 1977-12-31 11 RADIO Singapore will broadcast financial news in more detail from Jan. 3 at 6.40 pm dally. The original commodity prices and share market round-up will be extended to include developments In the local foreign exchange, money, bond and gold markets, the exchange rates of major world currencies and63 words
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781 1977-12-31 11 ECONOMIC RECOVERY STALLS UPI SYDNEY, Frl. The Australian economy is still stalled along the road to re- covery although the year is bowing out, the Bank of «ew South Wales said in its quarterly economic review released today. "After a number of hopeful starts,UPI - 781 words
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550 1977-12-31 11 AFP TAIPEH, Frl. Taiwan's exports in November reached US$B9O million (552.14 billion) setting an all-time monthly record. According to the Council for Economic Planning and Development November exports represented an Increase of 9.5 per cent over October and 25.6 per cent over the sameAFP - 550 words
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Article324 1977-12-31 11 HONGKONG. Frt. Vietnamese Foreign Trade Minister Dang Viet Chau predicted today that Vietnam's exports would expand by 40 per cent a year up to 1980 by relying mainly on agriculture, fishery and forestry products. The minister, Interviewed In Hanoi by the Far Eastern Economic Review, said324 words
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Page 11 Advertisements
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Advertisement414 1977-12-31 11 mo'fico Tanglin Circus, S'pore 10. Tel: *****1 The season's good cheer, Abounding, Exciting. As it is every New Year. And this year, even more sparkle, more festivities. Start your celebrations. At the Marco Polo. Ring *****1 for reservations. Seasons greetings from the management and staff* ftib Hotel Royal mm RAMADA®414 words
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Article, Illustration865 1977-12-31 12 JOHN TAN - FUTURE FUND RAISING NOT AFFECTED Br JOHN TAN WITH the higher level of servicing last year, the Public Utilities Board's debt service coverage ratio has been trimmed significantly but this will not hamper the board's fund raising abilities for the future. The coverage ratio now865 words
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161 1977-12-31 12 TOYKO. Frl. The average contracted Interest rate for tendings by all Japanese banks fell 0.145 per cent in November to 6.913 per cent per annum from 7.058 per cent in October. It declined 0.152 point in September. The Bank of Japan said the rate161 words
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Article296 1977-12-31 12 Reuter UPI HONGKONG, Fri. Hongkong's economy received a welcome fillip today when trade figures revealed that exports had risen a healthy 8.6 per cent in the first 11 months of the year. Business leaders called this a respectable performance in view of theReuter; UPI - 296 words
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1541 1977-12-31 12 MICHAEL JENSEN - By MICHAEL JENSEN NYT NEW YORK, Fri. The United States is investigating huge coffee purchases by agents of Brazil and El Salvador. The inquiry, which has been under way for almost a year, is to focus on possible coordinated attempts by theNYT - 1,541 words
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Article572 1977-12-31 12 •y PETER CHIA THE PYGMIES of Africa may one day stand tall If the American Soyabean Association (ASA) succeeds in introducing soyabeans Into the world's diet. Mr. Glenn Wood, the coordinator of the International Soya Protein Food Conference to be held at the Mandarin572 words
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Article330 1977-12-31 12 BUSINESS Timet in its new form will be the product of a team of journalists carefully selected and trained. They come from widely different backgrounds but have in common an interest in business and a contribution to make to Singapore. It is not coincidence that the330 words
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Article700 1977-12-31 12 LONDON, Fri. id led equities lower in light trading after the company stated that stronger sterling would affect fourth quarter earnings, but gilt-edged securities firmed on the further rise of the UK currency. ICI was down 8p at 351 and at 3 p.m. the Financial Times Index was700 words
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Article114 1977-12-31 12 UPI WASHINGTON. Frl. Probes have begun Into US Industry allegations that Canadian, Japanese and Finnish makers of nails, hockey sticks and boat fenders are selling below production costs. The Treasury Department said yesterday foreign competition could be damaging to domestic producers If the allegations are true.UPI - 114 words
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Article45 1977-12-31 12 TWO BILLS will be tabled at the next sitting of Parliament. They are the Hijacking and Protection of Aircraft Bill, and the Supreme Court of Judicature (Amendment) Bill, both of which will be tabled by the Minuter for Home Affairs and Education.45 words
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Page 12 Advertisements
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Advertisement150 1977-12-31 12 y COLLECTINO Oriental Anticwej by Judith Moorhouse and Dries Blitz nn JGj Hamlyn Group, London. Oriental antiques have always fascinated collectors SruUWe plif e rt W u rl K' evokln L! M they do exotlc and inh°rever widely believed that they an too 2L2 the > r ots on <***»>wwch^ff^WSsSSS150 words
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