The Business Times, 7 January 1978
1978-01-07
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The Business Times
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Title Section11 1978-01-07 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, 'JANUARY 7, 1978 50 CENTS11 words
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BRIEFLY...
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Article49 1978-01-07 1 Reuter. NEW YORK, Fri. Citibank, the second largest US commercial bank, today raised Its prime lending rate to 8 per cent, a two-year high. The rate had been 7% per cent. In the past, the Citibank move has presaged similar upward moves by other major banks.Reuter. - 49 words
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Article92 1978-01-07 1 Reuter LONDON, Fri. The Bank of England today cut Its minimum lending rate by a half per cent to 6*4 per cent, a move widely expected because of the strong performance of sterling. When sterling was in a state of crisis, a year ago, the rate stoodReuter - 92 words
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Article62 1978-01-07 1 Reuter. JAKARTA, Fri. A parliamentary financial expert says that Indonesia's currency Is overvalued by at least 50 per cent against the US dollar. Mr Rachmat Muljomlseno said the present exchange rate is abnormal because the official rate of 415 rupiahs to the dollar has remained unchanged, while theReuter. - 62 words
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Article65 1978-01-07 1 AFP JAKARTA, Fri. Acting Foreign Minister Mochtar Kusumaatmadja today briefed the ambassadors of Malaysia, Singapore, the Philippines and Thailand oi> recent discussions he had with Vietnamese Foreign Minister Nguyen Duy Trinh. The briefing was Intended to Inform the other members of Asean of Vietnam's views on variousAFP - 65 words
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Article84 1978-01-07 1 AFP. TOKYO, Fri. The International Air Transport Association (lATA) today urged the Japanese government to lower landing charges at the new Tokyo international airport opening on March 31. lATA secretary-general Knut Hammarskjold made the request when he met Transport Minister Kenji Fukunaga and Foreign Minister SunaoAFP. - 84 words
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Article49 1978-01-07 1 Reuter CANBERRA, Fri. The number of unemployed Australians rose to 404,000 last month, the highest since World War n. The December figure, although Inflated by school leavers, represented 6.5 per cent of the Australian workforce and was 47,120 higher than the number of unemployed last November. ReuterReuter - 49 words
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Article59 1978-01-07 1 Reuter HONGKONG, Fri. The Philippines Central Bank plans to raise a US$lOO million (***** million) syndicated loan for seven years at one per cent over the London interbank offered rate. It is hoped that the loan, which may be used for refinancing of existing borrowings, will be completedReuter - 59 words
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Article86 1978-01-07 1 UPI NEW YORK, Fti. Prices took a sharp plunge against a depressing news background during the first hour of trading today on the New York Stock Exchange. Turnover was fairly active. Several developments contributed to the slide the latest being a rise in the prime lending rate byUPI - 86 words
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Chief Price Changes
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Article125 1978-01-07 1 Rises Most active Chin Teck 9TP 1975 C Securities C Sugars Malakoff 275 615 128 255 177 +30 10 +8 +7 +5 +5 +4 Nanyang Press Pan Electric J ardlnes Apollo 75,000 73.000 54.000 48.000 G Lumber 85 Total Turnover: 1.30 M Pe«i 438 Total Value: 12.25125 words
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Article, Illustration157 1978-01-07 1 Foils Most active Sg Best 5.00 -.10 Supreme Corp 182,000 102,000 101,000 73 rwi Sentosa 2.02 -.08 Bandar Raya Fand N 3.58 -.08 C. Sugars Chersonese 2.34 -.06 KuUm (M) MAA O.C.B.C. O. Lumber 1.55 6.05 0.86 -.05 -.05 -.04 Total Turnover: 1.64 M Total Value: Mt157 words
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Article1029 1978-01-07 1 COLIN CHEE - SITES MAY BECOME GHOST TOWNS •r COLIN CHEE BUILDING contractors are worried that the tougher entry measures recently introduced by the Immigration Department may cut their workforce at a time when the industry is facing a tight labour market. They have expressed concern that the move1,029 words
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Article580 1978-01-07 1 SOH TIANG KENG - •y SOH TIANG KENG MAS will give a special Chinese New Year "ang pow" to bankers Its second swap facility. But this time, the red packet is smaller than the first swap facility, the authority extended to banks for the Christmas season. MAS will now provide funds580 words
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402 1978-01-07 1 JAPAN topped the list of major exporters to Singapore not only in absolute values but also in growth rates, exceeding even Saudi Arabia which U Singapore's main supplier of petroleum. Among the Importers, the lead is held by the US whose Imports from Singapore402 words
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255 1978-01-07 1 Reuter. LONDON. Fri. The dollar fluctuated slightly on cautious and sceptical European foreign exchange markets today but remained fairly Arm after Washington's announcement this week of a big programme to prop up the U8 currency. Following yesterday's sharp rise, which came immediately in theReuter. - 255 words
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476 1978-01-07 1 By SALMA KHALIK METRO Holdings will dose its Marti* Parade branch next month. The branch has been losing since Its opqping in July 1976. The accumulated losses to date are estimated at 6350,000. The decision came as no real surprise, as Its476 words
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Article101 1978-01-07 1 IMPORTING boolu directly from overseas publishers should be given serious thought, said the chairman of the board of trustees of NTUC Fair deal Book Cooperative Society, Mr. Ong Pang Boon. Speaking at the cooperative's second annual general meeting at Trade Union House yesterday he noted thai most101 words
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Page 1 Advertisements
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Advertisement97 1978-01-07 1 I M I Braun Synchron Plus Braun's Synchron Plus. For the man who mutt have a closer, smoother, faster shave than any other shaving system can give. The exclusive features of this shaver include: Tissue-thin super-flexible electro-formed nickel foil. Has unique pattern of cutting holes and slots. Platinum-coated to give97 words
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Advertisement104 1978-01-07 1 BEECHAM Bia|kpor( thrusts LETTER to the Editor: deep buo Jmmmi market 2 Accounting itudardi and CHICAGO Board iipti— S ■■■■■fiinwl SHIPPING industry another SHARE inftnutki 4 year in the doldrums A reports MICKEY Moneo has come a WEARNEB onlikrty to lone, kmc way C growth SHIPPING iadoatry another year in104 words
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Advertisement153 1978-01-07 1 SINTAT Rent-a-Car Singapore: *****65. *****5 (Airport) Kuali Lumpur: *****6 Pminj: ***** astan«- M BUSINESS QUdBTEaj >S The Autumn issue of the ASEAN Business Quarterly includes a 5-page analysis of ASEAN's urea projects and finds these to be less than viable (12 tables) a 15-page analysis of the impending world energy153 words
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TRADE AND INDUSTRY
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135 1978-01-07 2 THE Ministry at Nation! Development (BIND) ud Thailand'* Ministry of Agriculture and Cooperative* are (till looking Into the setting up of a livestock project under the Joint venture, Sine-Thai Grains. A MND spokesman yeeterday said that SingThai officials are still looking for an appropriate site135 words
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Article51 1978-01-07 2 CAR registration numbers in the EG series from 6001 to 9999 will soon be available for bidding by the public. The lowest bid is $250 and must be made on prescribed forms obtainable at the Registry of Vehicles. Bids are open from today till Jan51 words
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Article, Illustration782 1978-01-07 2 RONNIE LIM - QUALITY THE WINNING FACTOR By RONNIE LIM FIVE YEARS after It was set up, the Singapore subsidiary of the Beecham group has made significant inroads into the traditionally difficult Japanese market. Beecham Pharmaceuticals Singapore which has since grown to a $50 million giant in782 words
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Article483 1978-01-07 2 JAPAN'S export letters of credit received in December" rose 13.6 per cent to US$5.3l billion (5512.5 billion) from $4.67 billion in December 1976. The Finance Ministry said the year-on-year growth rate was down from 21.6 per cent in November. The December total rose 10.8 per cent from483 words
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Article380 1978-01-07 2 MORE contractor companies in Malaysia are expected to form consortia to take advantage of the Interurban highway construction. Consortium Abadl (M) Sdn. Bhd., the first big contractor consortium with bumlputra and nonbumlputra interests, Is studying how it can take part in this unique opportunity for380 words
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322 1978-01-07 2 Reuter. HONGKONG'S Trade Development Council said yesterday It was not worried by reported efforts in the Philippines to attract buyers to the fashion fiesta in Manila from the colony's own ready-to-wear festival. A spokesman said Hongkong was already an established supplier of highReuter. - 322 words
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Article133 1978-01-07 2 VIETNAM bu agreed to toln the Association of iatural Rubber Producing Countries (ANRPC), Vice Foreign Minister Vo Dong Qiang said in Kuala Lumpur. At the end of a four-day official visit to Malaysia by Vietnamese Foreign Minister Nguyen Duy Trtnh and a lft-member Delegation, Mr.133 words
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Article, Illustration110 1978-01-07 2 A HANDBOOK for company secretaries has been published by Eastern Universities Press. The book is written by Mr. Ng Soon Chye (above), a company secretary with a local stockbroklng firm. The handbook Is intended for company secretaries, businessmen, professional advisers and students seeking advice110 words
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214 1978-01-07 2 Reuter PHILIPPINE'S manufactured or finished goods are expected to top traditional products as the mam dollar earner for 1977. Board of Investments (BOI) governor Conrado Sanchez said that nontraditional exports are expected to earn US$7OO million (591.6 billion) when last year's figures areReuter - 214 words
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240 1978-01-07 2 PETER CHIA - »r PETER CHIA SINGAPORE will continue to do all it can to attract foreign investments to promote its manufacturing sector. It will also try to enhance Its role as a centre for International warehousing of capital goods and equipment. To do this, Singapore will keep the240 words
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Article, Illustration89 1978-01-07 2 "SAFETY-FIRST MAN" Milton Tan (Ml) receiving a $60,000 automatic travel accident insurance certificate from American Expreoe resident vicepresident, Mr. Richard Weden. The presentation was held to mark the launch of the American Express Card Travel Accident Plan, a scheme wlwebj American Express card members billed in89 words
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Article162 1978-01-07 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Jan 4-23 7.14 21 9-30 9-16 9/12/2 9-30 16-20 Managing Conflict In Industrial Relations The Effective Secretary Industrial Application of Operational Amplifiers Managers and Information Systems S.D. Module m Elements of Industrial Engineering <. Energy Management Module 1 Contractus and erection162 words
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Page 2 Advertisements
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Advertisement481 1978-01-07 2 Business Management in Penguins Th« Debt Trap: Cheryl Payer The International Monetary Fund is the moit powerful supra-national government in the world today. This book 'is about v the efforts of poor nations to gain some control over their own economies and the role of IMF in frustrating these efforts.481 words
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Page 2 Miscellaneous
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Miscellaneous584 1978-01-07 2 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE 1 A redd/ lure! 7 The otter's new line <•) Land to leave (4) 10 Tranaatlantle conditional) 11 Work out the sum (6) 14 Joined the polk* force? (S) 16 Very fine purae, poaelbly (ft) 1? Points to a man in want (4) 19 Coal-like584 words
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OVERSEAS
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549 1978-01-07 3 Reuter. EUROPEAN motor manufacturers must cooperate In collective development to survive competition from North America and Japan. This appeal was made on the eve of the Brussels Motor Show by the president of the British Society of Motor Manufacturers and Traders, David Plastow. Dr.Reuter. - 549 words
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WORLD IN BRIEF
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Article552 1978-01-07 3 Agencies. BERTLANCE, who resigned as the US government Budget Director after a controversy over his banklng practices, has sold 120,906 shares of bank stock on Thursday for more than US$2.4 million (515.64 million) to Arab businessman, Ghalth Pharaon. The National Bank of Georgia shares were soldAgencies. - 552 words
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454 1978-01-07 3 Reuter. THE swap agreement between the US Treasury and Bundesbank is likely to. add up to US$2 billion (854.7 billion). The exact amount of the agreement is not known as details have to be finalised. The swap facility will complement the existingReuter. - 454 words
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Article296 1978-01-07 3 Reuter. BRITISH power workers union leader Prank Chappie warned of industrial action if the government tried to force them to accept the 10 per cent pay guidelines Mr. Chappie, general secretary of the Electricians and Plumbers Union said: "Unless they allow us flexibility, I cannotReuter. - 296 words
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Article1636 1978-01-07 3 January 5 Trading on the Chicago Board Options Excame *22,546 contracts compared with 139,213 contracts on Wednesday. OPTION JAN APL JLY STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank Am Bank1,636 words
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294 1978-01-07 3 Reuter, AFP THIS YEAR will be a teat year for Italy's economic credibility abroad, and It must be used to consolidate reform and pursue new goals. Prime Minister Olullo Andreotti said. In particular It Is absolutely necessary to reduce the spontaneous increase 4nReuter,; AFP - 294 words
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222 1978-01-07 3 Reuter BRITISH Leyland moved to Sydney yesterday to quiet unrest about the future of its Australian subsidiary by announcing there were no plans to close or run down any plants in any part of the world. The company's head office In London Issued aReuter - 222 words
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780 1978-01-07 3 Reuter MABSIVE use of Internationa) swap lines to stem speculation against the dollar could build up financing problems for the U8 later this year, informed economic sources said. Swaps are normally repaid three months after they are drawn, with the possibility of extendingReuter - 780 words
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Article60 1978-01-07 3 Reuter. FEDERAL Reserve Board chairman William Miller said he supports the Carter administration's measures to bolster the dollar. Mr. Miller said additional intervention to keep the dollar healthy would certainly merit Fed consideration. I think it is in our national interest to have the dollar properly valued,Reuter. - 60 words
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Page 3 Advertisements
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Advertisement374 1978-01-07 3 prom FEDERAL PUBLICATIONS V fr= m III! WW Ml it I! W\ 1 m -r- 111 14 M\ ILI in h nil \\w tint \\v\ 1(1 i--.. v. Hi a step-by-step guide An easy to understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text374 words
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RAW MATERIALS
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Article421 1978-01-07 4 THE SINGAPORE rubber market yesterday opened unchanged, then hardened some one cent on Continued demand of January One RSS which has gone to half a cent premium over February One RSS. Weekend short-covering and some speculative buya! aided steadiness, dealers d. The morning session closed421 words
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Article310 1978-01-07 4 Prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt l.o.b. 107 00 198.00N 197.50 196.SON Int. 1 R.S.S. January 197.50 198.00 196.00 196.S0 Int. 1 R.S.S. February 197 00 197.50 197.50 197.79 Int. 2 R.S.S. 195.50 196.SON310 words
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Article97 1978-01-07 4 NOON SSR and SMR prices yesterday HAS (O Buy. <• JuiHT unw Mtk) m 8«H«i» raUpark«) (Ft Buy. to February vwardMtk) n Mian •au park() SSR 30 (1S8R SO (1MJLLLB -toil palletU90 00 -ton pallet)188.00 ft 192.008 190.00N tknttvy 191.00 IM.W 19JOON 191.0BN larch SMR5CV SMRSL SMRS97 words
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Article28 1978-01-07 4 Rubber: Ju 6 Singapore: January I*B.oo cents (up 1.25 cents) Malaysia: February 199.50 cents (unchanged) Tins: 51.692 (up tl) Official offering: 210 tonrfes (down 25 tonnee)28 words
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Article66 1978-01-07 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Jan 5 until further notice: Rubbar: 196 cent* per kilo. Com: 1942.21 a ton Pak Korwel 2239.03 a ton. The rate* of duties payable art: Rubber 30-% cent* per pound (Reaearch ces* l cent a66 words
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Article412 1978-01-07 4 MIXED conditions prevailed in thin trading at the Singapore produce market yesterday. Most dealers were still adopting a wait-and-see attitude In the light of the unsettled foreign exchange market. Black pepper was firmer than the white grade. All black pepper on the Singapore Chinese Produce Exchange were quoted412 words
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Article320 1978-01-07 4 TERMINAL sugar yesterday opened £0.25 down to £0.35 per tonne in London up from Thursday afternoon's closing levels. Turnover totalled 494 lots. Dealers said the market was very quiet but values opened steady reflecting comparative stability or sterling against the dollar and Chinese buying interest for raw sugar. The320 words
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Article200 1978-01-07 4 BANOKOK rice prices were So ted as follows yestery: (Price* in US dollar* tonne fob btili Bangkok): Whit* EUcw: 100 pet lit cteaa 365. 100 rrt 2nd clan 380.100 pet 3rd dw 345. pet 330. 10 pet 330. 15 pet 317. SO pet 314. 25 pet 312. 35 pet200 words
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Article54 1978-01-07 4 C.I.P. US dollar* per ton. LONDON: Tfcaretay PWVIM* Malar** M* tta bulk r»6 SOT air SO* air Sumatra Mt ffa Jan SJSalr 1»*tr Ftt> 5.5 air 517 50 pd March 4Mpd 503 30 pd r ♦S 50pd Sn&p* unq on* Sumatra Jar> ***** air M7.M«tr Zaire (Mf franca54 words
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Article163 1978-01-07 4 STEADINESS of sterling counter-balanced an exKcted higher opening in ndon yesterday against New York on terminal cocoa and the market closed the first call £l up »to £7.50 down. Dealers said although currency was a .significant factor, sentiment was more affected by cheaper afloat resale physical offers, notably Ghana163 words
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Article168 1978-01-07 4 THE BTRATTB tin price In Penang yesterday rose Mtl per plcol to $1,692, on an official offering down 29 tonnes from Thursday's 235 tonnes to 210 tonnes. Despite uncertainty about sterling and the US dollar, the market was steady after Thursday's decline, dealers said. The steadiness was attributed168 words
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Article169 1978-01-07 4 COFFEE futures opened In London yesterday quietly steady, £4 tower to £7 higher compared with Thursday's close. Turnover was 81 lots. Dealers said there were no special features during the opening session and no fresh background news and little physical off-take to influents the market. They said the market169 words
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Article103 1978-01-07 4 BUOAR futures yesterday closed slightly firmer In dull and featureless trading. The HONOKONO dally spot sugar price rose 0.10 to 8.40 US cents. Sugar futurw doting price*: hutwi Cleeiag lirtag Mch (16/38 9 30/33 May 9.76/79 971 rt% Jtjr ININ I.M.H s«p lo.ia/u .000/1010 Oct ion/a i 0103 words
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Article191 1978-01-07 4 YAKN and cotton In Hongkong dollar*, not ex-godown Cettea Yam: China Blue Pboenlx 30 1.795. 31's 3.660. 40'* 1.000 (per bale of 400 16a). Place Geeds: China Butterfly and Olote brand unq, Dragon Head una. Five Lamb* unq. Flower and Butterfly unq. Flying Oeeee unq (per piece 36191 words
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Article86 1978-01-07 4 SOYBEAN future* lost 7* to 5Vt cents a bushel under pressure of liquidation but finished the session above the lows In Chicago on Thursday. Early selling was prompted by uncertainty over the ultimate trend of the dollar and its effects on the market. Boybean meal futures were down US$3.9O86 words
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Article83 1978-01-07 4 WHEAT futures finished the session at the day's lows In Chicago on Thursday, extending small earlier losses to four to 2K cents a bushel. Some of Wednesday's buying Interest, encouraged by talk of possible increases In Chinese wheat buying and firmness In the Oulf basis appeared at the opening83 words
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Article360 1978-01-07 4 IN THE seven trading days covered during the last fortnight (Dec 22 to Jan 5), local markets demonstrated a marked Inelasticity to the drop in London following sterling's rapid appreciation against the railing U8 dollar, and have made an auspicious start to the new year. Levels360 words
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Article303 1978-01-07 4 OOPPKR win bars in London yesterday finished the morning with losses of mostlv £2.90. Dealers said prices sagged on the pre-market under end-week liquidation, book-squaring and some pricing sales prompted by steady, sterling against the dollar and lack of fresh physical demand. However, losses were partly recouped In the303 words
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Article191 1978-01-07 4 SILVER in London yesterday finished with losses of 1.2 to 1.5 pence. Despite higher gold, prices drifted lower In sympathy with the trend In base metals, with some endweek liquidation and booksquaring prompted by currency nervousness, dealers said. A relatively low bullion dealers' fix caused further erosion In late191 words
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Article404 1978-01-07 4 TRADING was quieter and more subdued on the Singapore gold market yesterday than on Thursday. The kllobar opened at 8612,900 and later moved in the range of 8612,815 to 8612,855 before closing at 8612,830. The loco London market opened at U*****.80/ 170.20 and lost ground on long liquidation ahead404 words
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Article47 1978-01-07 4 ZINC in London yesterday eased £1 for cash and £0.75 for Three Months. The market lacked feature with modest twoway trading developing at marginally lower levels. Sales were only 450 tonnes. On Thursday, sine finished with gains of £2.75 for cash and £2.25 for Three Months.47 words
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Article57 1978-01-07 4 LEAD closed the ring In London yesterday with losses of mostly £1.25. Sales of 4,800 tonnes were mainly carries. On Thursday, lead closed with fains of £3.25 for cash and £4.25 for Three Months. The market was quiet during the afternoon although values were fully steady reflecting: the further57 words
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MONEY AND EXCHANGES
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Article605 1978-01-07 4 THE FOREX market yesterday settled down to an uneasy calm after the previous day's U8 dollar gains. Rate movements were small and erratic and there were wide spreads between buying and selling rates. One of the main currencies affected in this way was the yen which showed erratic605 words
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Article33 1978-01-07 4 ACBC 1 Pint rkktft (S jjjfjjj Citibank 7V4 HSBC 7 lndocutt 7 Malayan Banking 7 Mitsui Bank 7 OCBC OUB 7 CkvUrtd Buk 7 UCB 7 L'MBC 7 UOB 733 words
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Article91 1978-01-07 4 Asian rates ASIAN cum tmtM u ii c mcj dMm oh on Jan UM Offcr (t tn urban* fc ten BM 11/1 lauf a BUM 3 BUM tothi BUM 12 BUM Tl/J 11/4 11/t 1I/S 7 i/16 1U TM 7 l/t 1 7S/t 71/1$ Tl/J i. DM. 1 Bth 391 words
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Article35 1978-01-07 4 HANOI offend by rnacount 1 s t-Montti TTMSory Mill l-Montt> Buikbilla S-MonthCD •-Month CD 1 1/4 1 1/1 4 1/1 4 1/4 5 1/1 1 1/1 6 7/« It/4 Source: National Discount Co Ltd.35 words
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Article35 1978-01-07 4 RESULTS of tender held on Jan 6 for 91-day Treasury bills to be issued from Jan 9 to Jan 13: Omrnrniz U0.000.M0 AnUkr rio.soo.ooo All me*: #30,009,000 >IM9H#U**i *Ml* ■<»«e1 3.206* pa35 words
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Article163 1978-01-07 4 THE DOLLAR yesterday opened generally weaker on overnight levels in fairly quiet trading. Sterling opened over 1-1/2 cents higher at U551.9050/70 but was slightly below its New York close of 1.9050/9100. Trie dollar weakened slightly in New York overnight as operators attempted to test whether the Fed has set163 words
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Article150 1978-01-07 4 THE DOLLAR closed slightly weaker on balance in moderately active trading on Thursday, after giving up most of the morning's gains in the afternoon. Sterling was erratic, closing at 1.9050/ 9100, against its opening of 1.8920/ 40, after having been as low as 1.8840/80 at midday. The Swiss150 words
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Article120 1978-01-07 4 THE U8 dollar for overnight delivery closed at 240.80 yen yesterday, compared with a 240 70 opening and 241.20 at Thursday's close. Trading was active with volume $338 million. No Central Bank intervention was detected, dealers said. After opening slightly lower, reflecting the yen's appreciation in New York, the120 words
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Article181 1978-01-07 4 THE US dollar firmed above Its 240.80 yen Tokyo close to 241.20/50 yen on news that the Federal Reserve Bank has an agreement to Intervene on the Bank of Japan's behalf In New York. The US unit firmed from Its 240.50 yen New York closing mid-point equivalent and fluctuated181 words
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Article57 1978-01-07 4 AUSTRALIA/ NZ exchanges on Jan 5: AUSTRALIA US dollar l 13M/1 ISM Sterling t.WM SW Nlnety-dty Mr ma* buying rate* Starling 0*147 US A""*' 1.1M3 Ninety-day forward buying rata* aterunt O.MM US doUar l 1334 NEW ZEALAND Sterling 0 &901/0 4382 US doUar l ono/i .oioo Ninety-day airmaS buylnf57 words
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Article74 1978-01-07 4 ZURICH exchange* closing quotes on Jan 5: US 2.047S MM stg shb- mm can i.*tm im O Mk M MM 9i 4704 on m xms mm r FT 43 0873 2632 B rr HIM 1443 D Kr 34 MM MM N Kr M 2392 4M7 8 Kr 43 SMS74 words
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Article45 1978-01-07 4 FRANKFURT exchanges opening quote* on Jan S; 08 2.1401/20 <2 1430/ M) can I.MSS'MM st« 4073/o*3 D fl M 96/93 20 8 FT IM.M/IM.M Lit 2.444/4*4 P rr 48.13/33 N Kr 4*97/41 12 B rr (coo) 436/44* B rr (tin) 44/47 Yen OMBO MM45 words
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Article146 1978-01-07 4 Euro rates LONDON, Eurodollar deposit rate* opened yesterday 3teady around Thursday's closings in usual quiet pre-weekend trading. The latest US weekly US money supply figures had little impact on rates. In periods. One and Two months were technically higher due to Friday end of periods in both positions, with One146 words
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Page 4 Advertisements
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Advertisement171 1978-01-07 4 r Jit*-'. v rfT: MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASIA RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide tp the latest developments that have taken place in all important sectors of the economies of countries in Eost and Southeast Asia.171 words
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TRANSPORT
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Article163 1978-01-07 5 Reuter TRANS World Airlines (TWA) said on Thursday It was extending its no-re-servatlons "Skytrain" type fares to Boston and Philadelphia for flights to London, effective April 1. TWA currently operates the fares from New York to London. The fares would be cut by nearly 60Reuter - 163 words
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Article86 1978-01-07 5 A HONGKONG report that China is planning to introduce a passenger air service to the colony was dismissed as sheer speculation. The newspaper,. "The Star'' said the service would link Hongkong with the Industrial city of Shanghai and Canton and was expected to start soon. It said86 words
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Article113 1978-01-07 5 AFP A JOINT unit to manage the Arab Peninsular Container Line has been set up by Its joint owners, P and 0 Strath-Ellerman and the United Arab Shipping Company. APCL offers regular container service between Europe and the Arabian Gulf. This latest development underlines theAFP - 113 words
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Article, Illustration679 1978-01-07 5 GOH ENG KEE - By GOH ENG KEE THE SHIPPING market is likely to remain depressed this year despite a slight improvement in the liner trade in the second half of 1977. According to senior executives of several International shipping lines here, 1978 will be another difficult year.679 words
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Article, Illustration116 1978-01-07 5 SINOAPORE Is rapidly becoming the regional centre for building luxury and working yachts. In line with this trend, Singapore-based American Marine has doubled its output of Grand Banks work and pleasure craft. The firm now produces 12 vessels a month compared with six In 1976. About 70 per116 words
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Article, Illustration405 1978-01-07 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Baodl (HOYS) (1100 subject freeboard) 27/28 Bunga Orkld (D/L UTM/L) (1500 after Toyofujl Maru Must head west for UTM/L) 33/34 Cherry Vllja (B. Barm) (after Ocean Supply sails) 48 Fujlharu (Tanker J API P/O) (after Stolt Integrity subject gas free) 15/18 FuJihoshl Maru405 words
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235 1978-01-07 5 THE BITUATION at Pnu| port, which waa disrupted by u illmd go■tow by itertdom aince Moiiay, baa almost returned to normal. According to ahipping circlee, cargo handling rata at the port picked up yeeterie understood that the stevedores bad bee* told to abudai235 words
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Article339 1978-01-07 5 UPI THAI International officials are now In Hongkong to work out technical and communications detail with Hongkong authorities on the airline overflying Vietnamese airspace en route to Hongkong. Thai International and the Communications Ministry are optimistic that permission would be given for the airline to operate the flightUPI - 339 words
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Article285 1978-01-07 5 NEPTUNE Orient Lines (NOL), Singapore's national shipping tine, has regular contalnershlp liner services from Singapore and Malaysia to two continents one to UK/Europe and the other to Australia. NOL's services to UK/Europe commenced In April, 1970, when the Ace consortium was formed, comprising NOL, "K" Line, Orient285 words
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Article176 1978-01-07 5 BOTH voyage and timecharter fixing remained in small volume on Thursday but rates tended to fluctuate on ma}or grain routes. A 50-cent drop was noted when the "Auctorltas" accepted U8512.50 (FIO) for a 14,000-tonne Jan 10-20 shipment of US Oulf grain to Denmark. Also down, but by176 words
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Article587 1978-01-07 5 j ARRIVALS service i>oc*i j Operator Number Time From 1 CAL CI333 0040 TPE/HKG/KUL TMA TL302B 0530 TPE MAS MH682 0725 KCH CAL CI814 1000 HLP OIA OA 980 1030 HLP CPA CX710 1035 HLP THAI TG423 1035 BKK SIA SQ209 1045 HLP GIA GA944 1055 PKU587 words
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Article210 1978-01-07 5 FT THE European A-300 Airbus has achieved another success. The Scandinavian Airlines System has decided to buy two A-300 Airbuses worth over £45 million (Ss2oo>7 million) and to take options to another 10 aircraft. SAS has been negotiating with Airbus Industries, the European consortium building theFT - 210 words
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Page 5 Advertisements
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Advertisement144 1978-01-07 5 m Don t let the lancjuage barrier stop you from wider Ol contacts tMi I \V> r* A e a ;«o^ e r I <=>*r O l\"* e ir» xo vN r* c\ :iO aO aC cH Vl \S I YOU SIMPLY CANNOT FAIL WITH VISAPHONE. W Use it at144 words
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691 1978-01-07 6 THE INCIPIENT recovery In sales of recently built flats is to some extent encouraging to the whole of the property sector. But It Is not going to do much to level the Imbalance between supply and demand for housing units as a691 words
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Article, Illustration1495 1978-01-07 6 ARTHUR SANDLES - ■y ARTHUR SANDLES LONDON Is putting up a statue to him; Her Majesty's Post Office has designed a special telephone for him; and television will continue to devote hours to his exploits. Mickey Mouse is 50 years old this year, and the1,495 words
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Page 6 Advertisements
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Advertisement700 1978-01-07 6 885 Orchard Road, S'pore t. Tel: *****2 408/407 Havelock Road, B'pore 3. Tel: *****1 Pebble Bar Experience the unique expression of T&nla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally (except Sunday) open700 words
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Page 6 Miscellaneous
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Miscellaneous61 1978-01-07 6 Weather outlook for Singapore from 6 a.m. to noon today: Occasional rain Report for 24 hour* prior to 7.50 pm on Jan. 6at the airport. Maximum Temperature 2§.B°C Associated Humidity Minimum Temperature 2S *O°C Associated Humidity 100 Houra of Sunahine 0 M Rainfall in Millimetre* 78 1 Total Rainfall for61 words
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Miscellaneous278 1978-01-07 6 SINGAPORE 5 1.00 P.M. Opening announcements followed by Sesame Street* 2.00 Lassie Feature The Disappearance Starring: Lassie, Jon Provost, June Lockfeart 3.50 Soccer MCFA Cup Final' Singapore Vs Perak (EnglishRepeat)* 4.50 Sandiwara A Malay drama entitled "Miang-Miang Keladi" with English subtitles (Repeat) 5.40 Little House on the Prairie-The Race* 6.30278 words
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Article, Illustration1587 1978-01-07 7 SALMA KHALIK - By SALMA KHALIK THE Oberoi Group and its founder-chairman, Mr. M.B. Oberoi, take an endearingly simple view of themselves they are never < wrong. Mr. Oberoi himself, also a member of the Indian Parliament; claims that 00 per cent of the group's decisions have1,587 words
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Article303 1978-01-07 7 THE JAPANESE have really added insult to injury by producing a patriotic American coffee mug inscribed "Be American, Buy American'' ana exporting It to America. The US Assistant Secretary of Commerce, Mr. Prank Well, says he could not resist a chuckle when a colleague brought him303 words
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Article2401 1978-01-07 7 Letter to the Editor Dear Sir, The article that wax SK" llahed on Dee. 12, cover* the two-day seminar over the Dec 10 weekend by the Singapore Boclety of Accountant*, wa* interesting However, like the seminar itself, It failed to give the management accountant's viewpoint of the situation.2,401 words
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Page 7 Advertisements
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Advertisement407 1978-01-07 7 mciiico >1C« lINCAPORt Tsnglin Circus, S'pore 10. Tel: *****1 Expect the unexpected! Dally specials that are as fresh as a new day Today's special could be meat. Or seafood. Even hors d'oeuvres. But whatever it Is, it's fresh. And prepared as only our chefs know how. Come. And be pleasantly407 words
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Page 7 Miscellaneous
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Miscellaneous19 1978-01-07 7 DllStdW rmnkXtctenS \JPOKS SPiD NCu)S SOUR v> U)Hy eeucweo cou£«&ue,m»ss \A\S? wwy?uiu v srsswisssgV^2^v?4, 'm»ss prKjpseps im.* 1/ -v_19 words
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INTERNATIONAL STOCKS MARKETS
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Article345 1978-01-07 8 HOKOKONO: The stock market generally roae across tb< board in quiet trading, after i firm opening due to light buytnj tntereat. fine Inn aiid Price* eaaea sugnuy toward* the cloee on light profit-taking they MJd. The Hang Seng Index wu up 2.23 to MJL Turnover! on the (our exchanges345 words
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Article391 1978-01-07 8 TOKYO: Share prices closed higher yesterday In active trading led by populars and big capital issues, dealers sad. The market average rose 33.47 to close 4 074 as volume of 400 million sham. The Tokyo stock exchange index closed at 370.15, up 2.14. JAN Yen Altnomoto Akal 451 309391 words
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Article297 1978-01-07 8 SYDNEY: Share prices fell yesterdav with mining and industrial leaders losing ground on lack of buying support following adverse overseas news and concern over government policy on the exchange rate, dealers said. The Sydney All-ordinaries fell 0.29 point to 473.#4. BHP dropped two to 5.M, ACI two to 1.80297 words
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Article126 1978-01-07 8 Asia Fibre 2M 396 -4 -2 1 yj Iiiu- H Bata Berlt Jucker 528 unch Charoong Thai Wire 320 -I Dumex Duslt Th&m 304 -t Faber Merlin First Trust 320 -15 Oenera Finance MO -4 In do-Thai Industrial Finance Corp 2175 ♦40 J And J Ho 3(0 Jalaprathan Cement126 words
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Article136 1978-01-07 8 MANILA: The stock market closed mixed yesterday with commercial averages posting slight increase white mining and oib declined, dealers said. Turnover fell slightly to 3.08 SffffiifiT In commercials, PLOT adMining issues continued to decline while oils were either unchanged or kwt fractionally. JAN M PMM i Acoje Mining 00#136 words
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Article204 1978-01-07 8 AMSTERDAM: Share prices reee on Thursday foUowingthe sharp rscoveij of the dollar, dealers said. jan m ru AboM Akma MM M JO ♦14 ♦0.1 Aktank mm •1 a2tv Arntm* n.m MM *t4 ♦4J S-,::::::: Borsumij BurtMMum M 00 101 M wi.m IB 00 M JO 1t.lt •44 ♦1.7 -4204 words
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Article105 1978-01-07 8 BRUSSELS: Belgian share Sees roae in lively trading on ursday. bourse sources said. JAN Fri FOR W AM) MAM LCT AMC m -3 Arbed IMS ♦5 Aatur 403 3 Brucan 455xd 14 Bru-Lamb 14M sssr MO*] *0 ♦T DcBcen 180 -1 Kbat 2310 +20 Klectrotoel suo 30 Ob-Inno-Bm 1MB105 words
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Article183 1978-01-07 8 FRANKFURT: Shares prices were actively higher on Thursday with the rise of the dollar on foreign exchange markets spurring investor confidence in both Oerm&n and US stocks, dealers said. JAN M Dm Aef-Tetefunken n Akso 22.70 +0.2 Alb Leben 570B 5 Alii Vm BASF 13# 10 ♦0.7 BuHTWttnk J77B183 words
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Article94 1978-01-07 8 MILAN: Prices fell In thin trading on Thursday bourse sources said. JAN UN Ante 111 ■u AMoeOcn JjW -ao CcntrS* So -os rwt IM -si rinjkiCT as ♦i Oenlmroob 7S -08 inPrt IBM -39 rso SO IUlfU s» •1 IlalOOer 99 *7 M4 147 -1 unch Med tot) *****94 words
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Article233 1978-01-07 8 PARIS: Share prices were sharply hither on Thursday following the US measures to support the dollar, dealers said. jam at P*a coaBULLS ♦1 B8 N OervalJ Danone 3*4 CSP(ThomaonCM) 13a ♦7 0 Clerrancaiae daaPetrotei Compafnle Financier* Compacnlc n M M ♦J Credit Poncter 283 Hachette (Llbralrte) 144 ♦j Machine*233 words
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Article909 1978-01-07 8 NEW YORK: Gloomy investor* reversed a sharp morning rally on Thursday on renewed concern over the dollar's longer term fortunes, slumping car sales and prospects of a higher prime rate. After the opening, prices advanced sharply and broadly along with the dollar's continued advance In foreign exchange markets909 words
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Article213 1978-01-07 8 ZURICH. Prices closed higher on Thursday following the strong recovery of the dollar, with export-oriented stocks showing lam gains, dealers said. The Credit Suisse Index rose 3.S points to 244.9. JAN M Prancs Actions Suisses m ♦3 Alusulsse Br 1290 ♦so AHisulsse Rm »K ♦to Brown Boven Br. 1820213 words
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Article306 1978-01-07 8 JOHANNESBURG: Golds dosed easier in slack trading on the lower bullion price on Thursday dealers said. However, most issues were above the day's tows. JAN at Rand INDUSTUAU AAlph* 1U unch Abercom 1«7 *2 AX And a a»oc as •P -10 Bartow* a?"".::::: m 860 IM *s unch Currtt306 words
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Article266 1978-01-07 8 TORONTO: The market turned lower in the final hours of fairly active trading on Thursday. Posting only marginal losses at mid-afternoon, share prices then moved much lower. The composite Index was off over five points and losers beat winners by 221 to 200 Hlfher bullion prices reversed Wednesday's downward266 words
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Article62 1978-01-07 8 FINANCIAL TIMES INDUSTRIALS Thursday 494.5 Wednesday 487.a Week Ago 45«.7 DOW JONES AVERAGE INDUSTRIALS Thursday 804.92 Wednesday 813 58 Week Ago 843.30 LONDON DOLLAR PREMIUM Thursday 70V, to 70* Wednesday 68% to 08V, H.K. HANG SENG Thursday 392.59 Wednesday 388.29 Week Ago 419.90 SYDNEY INDUSTRIALS Thursday 414.51 Wednesday 418.2462 words
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INTERNATIONAL COMPANY NEWS
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422 1978-01-07 8 NORTH AMERICAN COMPANIES Reuter. THE big four US car makers said sales in the last third of December dropped 6.4 per cent from the same period In 1976. The four Oeneral Motors, Ford, Chrysler and American Motors sold a total of 245,200Reuter. - 422 words
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Article65 1978-01-07 8 H.J. HEINZ Co expects a "satisfactory increase in earnings" for the third quarter ending Jan 31, vice chairman R. Burt Oookln told analysts. The company earned U873 cents a share In last year's third quarter. He said that foreign currency exchange losses for the year should drop minimally65 words
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Article53 1978-01-07 8 INTERNATIONAL Harvester Co said It arranged a USI 150 million. 20-year loan with Prudential Insurance Co of America In direct negotiations. It said the funds will be used to retire long-term borrowings. The company said it reduced total borrowings by $225 million, or 16 per cent, over the53 words
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Article120 1978-01-07 8 NORTON Simon Inc chair-man-chief executive David M&honey said he expects 1978 to be another growth year for the company's US and worldwide consumer operations. Demand in the vehicle renting and.leasing industry which he termed a good Indicator of the general business climate, Is strong domestically, and with120 words
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Article89 1978-01-07 8 Reuter NAIROBI: The Marxist Ethiopian government announced on Thursday it was nationalising without compensation assets of the American-owned Singer Company. A statement Issued by the official Ethiopian news agency ENA said the company wu to be put under public control because it had been committing acts ofReuter - 89 words
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Article181 1978-01-07 8 Reuter. THE Great Atlantic and Pacific Tea Co., the second largest US grocery chain, said It had a loss of U555,022 million for the third quarter, which It blamed on higher costs and an extraordinary loss associated to closing stores. The loss of 20 centsReuter. - 181 words
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Article92 1978-01-07 8 F.W. WOOLWORTH Co said sales for the five weeks ended Dec 27 increased 10.8 per cent to US$l billion from year ago sales of *803.0 million. For the cumulative 48 weeks, Woolworth said sales were $5.22 billion, up 7.5 per cent from sales of $4.86 billion during92 words
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Article35 1978-01-07 8 KENNEOOTT Copper Corp said it received guarantees of delivery for at least 7.9 million, or more than 96 per cent, of the-shares of Carborundum Co common stock In its offer which expired on Wednesday.35 words
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Article486 1978-01-07 8 EUROPEAN COMPANIES Reuter. SANDOZ AO said group turnover in 1977 rose by around seven per cent, compared with a four per cent increase in 1976. Earnings rose compared with 1976, but the Increase was smaller than that shown in the early 1970s and the *****, chairmanReuter. - 486 words
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Article95 1978-01-07 8 THE Electrlclte de France eight year Eurocredlt was raised to US$5OO million from $400 million following heavy demand, lead manager Credit Lyonnals said. EDF can either draw the facility as a straightforward credit or use It to back up a commercial paper Issue in the UB, a95 words
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Page 8 Advertisements
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Advertisement249 1978-01-07 8 ADMINISTRATION MANAGER Mnn rou P, ls looking for a senior executive to fill the poslfor the recruitment, train- iui uic rctTuiimenb, train, edftorSS^ivteon 6 ment and admlnlstratlon functions of the group This is a senior position and some of his major responsibilities will be> Recruitment, training and development Explore possibilities249 words
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Page 9 Advertisements
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Advertisement707 1978-01-07 9 n i i i i "My editorial frfiilosofAy: I Good stories don't come to you, you have to get out and flfii] tfiAtn A Roy Mackie, Editor, Business Times ;>4 A'-r't vj" "I've worked for some hard-nosed News Editors in my time. The most fearsome of them all was known707 words
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Article2376 1978-01-07 10 Or*s Gr*s Net itn High Uw CW Last Sale Dhr e*r* P/I Vel (*•86) Day fflgfc Uw SBCnONONE INDUSTRIALS 154 134 Ac ma 136 unch 12.ON 1.8 8.6 0.4 3 138 138 204 165 Alcom 166 m 10.0 0.5 6.0 26.6 119 58 Allied Choc 114 -12,376 words
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Article492 1978-01-07 10 SOME coveting activities In a generally dull market made for a mixed to slightly easier finish at the Kuala Lumpur Btock Exchange yesterday. The light support coming in the afternoon lifted prices of a handful or so issues to better levels but these did not492 words
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Article, Illustration380 1978-01-07 10 USSLTii Zl* £S£2 «a tka Stack Euhufi rf fcMM yaeOarday. 4m wmmally lufctag wttk srsSS^S? 1^ Vita*«mstfß ittbw »ki HWjljritt Tkaraday'a Ms wartk tSJS miWea. Activity m tk* epttoa Wu4 wu mdktOy momwdalsai. Afkruttiiff* ww elb iS*Ssrt«2£2 two otter prion, TWo «H MM kil kw fcr380 words
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Article1306 1978-01-07 10 BID aad (Or prinei listed aad builDM. TTVlid repsvted to tka Stack Biekun a«Mkar at akaraa traded tbown iB kr«ekM. in WU of I.MO uaiu ealeee etkerwiaa mmIM. All P*ttll«| Co*tracts M aiMtod after tke world "Sett". Bi« Board Mi (ia lou of 2.M0 iu) are quo1,306 words
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Article1148 1978-01-07 10 BID aad rfhr prtoaa officially 111 tad aad Imilimi Ii and rapiilad to tfca Kuala Lupur Slack Eutoap yaatarday «kk tW auaabar ot akai-M tradad ahowa ia brackato la lata af I .too a alto wlaai alkai wlaa i»iidWid. INOMTMAU AMM (LW), Ajtomato (11SB). *Na» (LBIS) LM.1,148 words
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Article69 1978-01-07 10 STRIKING pricee of the stock optiona officially liated on.tke Stock Exckange et Singapore, the perioda, kid and offer pricee aad business doae yesterday, witk tke number of options traded shown in brtfk^i. Inckcape (March 22.10) (0.138 0.1&S) (June 51.90) (0.MB) Sime Darby (Marck 52.75) (0.598). (June 52.75) (0.558)69 words
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Article141 1978-01-07 10 SINGAPORE UNIT TRU8T INCOME BOND UNIT kt Jaa 1) Ml 109 1.18 INCOME BOND The Commerce 178 1.88 The 8a vine Fund 108 1.14 MARA BLMIPLTRA FUND S'pore Prof Fund 0 .U 0.88 (M——' print hr Jaa 9) S pore Security S pore Invest Fund 1.62 1,72 1.02141 words
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Article105 1978-01-07 10 4 3/4* 1/5/7$ (250.000) (100.528 100.BBS) (10) 100.66 (4) 100.63 5 1/4% 16/16/76 (250,000) (100 MB 101.15S) C 1/4% 1/6/7 6-60 (250.000) (101.00B) 4 3/4% 16/6/66 (250,000) (99.408 09.506) 6 3/4% 1/12/6* (250,000) (103.60B) 6% T F 16/4/61 (250,000) (101.50B) 6% T F 16/16/61 (250,000) (101.47B) (2) 101.50105 words
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Page 10 Advertisements
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Advertisement27 1978-01-07 10 ooking ;£/T« '.4 > f, v /i?, v £> %fi /f fUM 'li rV V& I l±'*\ X I c *VM Q lon of XX 111 x 138 em.27 words
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COMPANY NEWS
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1323 1978-01-07 11 MANO SABNANI - By MANO SABNANI THE current year ending Sept 30, 1978 might not see Wearne Brothers matching the spectacular growth »een for the year just past. "Although the new year has started well," says chairman Mr. Tan Chin Tuan in his annual address, "It Is1,323 words
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Article132 1978-01-07 11 THE Kuala Lumpur Stock Exchange has queried Supreme Corporation on the reasons behind the substantial turnover seen In the last few days. Supreme has also been asked whether there are any matters of Importance pending announcement. Trading in the company's shares on the KLSE suddenly took on an132 words
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Article, Illustration271 1978-01-07 11 COLD Storage Holdings Ltd has appointed Mr. M.y. Quie (above) deputy chairman ol the company, succeeding Dr. Yep Ph en G®ck who retired recently. Mr. Qule began his career with the Cola Storage group In 1958 and after filling various senior appointments in Malaysia and Singapore took271 words
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Article343 1978-01-07 11 Cam* E> ii Total far THalfcf peevieusyeai panMt Dal* the year Kuala Kampar Tin Field* Bhd Chem tad (rE) Bousteadco 8'pore Ltd Cold 8tora(e Hides ri«N 33.9*1 10*m 2.5*1 7*«k) 9*1 Dec 13 Dec 22 Dec 23 Dec 30 Dec 30 Jan 7 Jan 7 Jane Jan 18343 words
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COMPANY MEETINGS
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Article20 1978-01-07 11 The following company meetings Are due: Jan 7 at 6, Tambun Road, Ipoh at 10.30 a.m.20 words
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Article17 1978-01-07 11 Jan 7 at Its registered office at 6, Jalan Tambun, Ipoh at 10.30 a.m.17 words
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Article19 1978-01-07 11 Jan 12, 1978 at Its registered office, 25 Beach Street. Penang, Malaysia at 12.30 p.m.19 words
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Article20 1978-01-07 11 Jan. 22 at its registered office, No. 6-2, Jalan Fatimah, Batu Pahat, Johore at 10.30 a.m.20 words
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14 1978-01-07 11 Jan 24 In the board-room of Malaysian Industrial Development14 words
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Article14 1978-01-07 11 4th Floor, bangunan MIDF, 117, Jalan Ampang, Kuala Lumpur at 11.30 a.m.14 words
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Article12 1978-01-07 11 AOM on Jan 27, 11.30 am at Raffles Hotel, Singapore.12 words
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Article72 1978-01-07 11 November 1977 I Kilograms Austral Enterprises 22,680 Ayer Molek Rubber 55,111 Buklt Katil Rubber 36,990 Castlefield 223,170 Dunlop Estates 1,936,682 Glengowrie 45,813 Golden Hope 1,027,849 Holyrood 91,626 Hongkong (Selangor) 24,494 Inch Kenneth Kajang 113,853 •Killinghall (Rubber) 25,855 Klnta Kellas Rubber 233,149 Kuala Selangor 78,472 Kundong Tanjong Pau 151,32072 words
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Article38 1978-01-07 11 Reuter. THE Stock Exchange of Singapore has removed Southern Klnta Consolidated Ltd from the official list as from yesterday. The company transferred its residence to Malaysia from the UK under a scheme of arrangement. Renter.Reuter. - 38 words
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Page 11 Advertisements
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Advertisement301 1978-01-07 11 -o rfc p THE AUDIOPHILE He inquisitive fellow, what else? And into Hi-Fi. And in The Craft of Sound magazine. What's this thing called an audiophile? He's into hi-fi in a big way, of course. And his pipe and whiskers are for certain. Much else we don't know, but we've301 words
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Article, Illustration747 1978-01-07 12 By Our Reporter JAPANESE investors have started buying shares In the Singapore stock market. They have staged a "miniinvasion" which almost passed unnoticed. It all started soon after the Tokyo authorities gave the nod last June for Individuals to invest In listed stocks747 words
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399 1978-01-07 12 AFP, Reuter. THE Thai Finance Ministry and the Bank of Thailand have Issued a statement ruling out suggestions that the baht should be unpegged from the US dollar. "Under the present circumstances, revaluation or floating of the baht will lead to aAFP,; Reuter. - 399 words
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301 1978-01-07 12 UPI US SENATOR Gari Curtis yeeterday cwplatid that Australia impssss a 35 par cent tariff on Jipuw can, and yet sajoys the Ilea's share of the Japanese beef market. At the sum tine. Bm. Curtis said, ths U8 fan poses •sly i psrUPI - 301 words
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Article, Illustration199 1978-01-07 12 SINGAPORE Airlines will inaugurate a twice-weekly freighter service to the United Statea in April. Passenger services are scheduled to begin in April next year. This followed the signing of an air services agreement between Singapore and the US. The flight will be from Singapore to San Francisco199 words
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Article217 1978-01-07 12 US Assistant Commerce Secretary Frank Well estimated the current account deficit will be UBsl7 billion (8140 billion) for last year He said in Los Angeles the deficit would come with visible trade deficit estimated at $27 billion for the year. The $17 billion figure would Imply217 words
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Article687 1978-01-07 12 LONDON, Frl. Share prices dosed mixed after a quiet session. At 3pm, the Financial Times index vas up two points at 406.5. Government bonds pared falls of 1/2 point by about 1/4 or 1/8 point following a one point base rate reduction by Barclays Bank. Operators had already687 words
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990 1978-01-07 12 Agencies THE United States and Japan are drafting a joint statement that will announce settlement of their trade dispute next week. External Economic Affairs Minister Nobuhlko Ushlba said yesterday. US special trade negotiator Robert Strauss will come to Japan on Jan 11Agencies - 990 words
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420 1978-01-07 12 Reuter THE chairman of U8 Steel Corporation, the largest American producer, forecast a 12 per cent rise in steel consumption this year. Chairman Edgar Speer said US consumption should Increase "moderately In 1978 to perhaps 112 million tonnes for the year.".. The American IronReuter - 420 words
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Article, Illustration360 1978-01-07 12 MR. DAVID Yew Chong Yew, manager for finance and administration In the Monetary Authority of Singapore has resigned to Join the private sector. Mr. Yew, 39. Is a member of the "top Mass" of the MAS hierarchy headed by the managing director, Mr. Wong360 words
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120 1978-01-07 12 Reuter AUSTRALIA will defer consideration of any arrangements for further shipments of uranium out of the country until the members of unions Involved In the uranium industry have been polled. The Australian Council of Trade Unions (ACTU) executive called last month for an immediate ban onReuter - 120 words
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163 1978-01-07 12 THE Industrial world's imports rose to U5560.19 billion (SSI4I billion) in October from $50.05 billion In September. IMF international financial statistics show US Imports declined to $12.62 billion in October from $13.12 billion In September. West Oerman imports, however, rose slightly to $8.75 billion from163 words
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Page 12 Advertisements
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Advertisement78 1978-01-07 12 FUNDS REQUIRED FOR A COAL MINING PROJECT IN AUSTRALIA. i PROVEN TOTAL RESERVES OF 170 MILLION TONS OF COKING AND STEAMING COAL GIVING A MINE LIFE OF FORTY YEARS MINIMUM. "FEASIBILITY STUDY AVAILABLE" THE FUNDS REQUIRED CAN BE PROGRESSIVE INSTALMENTS AFTER INITIAL DEPOSIT OF Asl.2 MILLION WITH TOTAL SECURITY GIVEN78 words
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