The Business Times, 18 January 1978
1978-01-18
1
12
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The Business Times
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Title Section11 1978-01-18 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, JANUARY 18, 1978 50 CENTS11 words
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BRIEFLY...
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Article67 1978-01-18 1 Reuter FRANKFURT, Tues. Argentina plans to raise a 100 million mark (SfllO million) Eurobond later this month, probably for seven years and at 0% per cent, bond market sources said. Lead manager Deutsche Bank AO, will set terms after Thursday's pricing of the 150 million mark bond forReuter - 67 words
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Article79 1978-01-18 1 Reuter PARIS, Tues. OH consumption In the OECD area rose 1.9 per cent In the third quarter of 1077 over the same 1076 period, reaching 403 million tonnes. The International Energy Agency said In the first and second quarters growth over the corresponding 1076 periods was 3.BperReuter - 79 words
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Article55 1978-01-18 1 Reuter MANILA, Tues. The Philippine garment industry's export earnings are expected to total US$24O million (*****.2 million) last year, a 31 per cent increase over the previous year. Investments Bureau director Conrado Sanchez said similar growth Is forecast for this year with sales abroad expected to total betweenReuter - 55 words
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Article51 1978-01-18 1 AP LONDON, Tues. The US dollar rose on European foreign exchanges today after marking time in uneventful trading yesterday. Dealers reported little central bank support for the dollar, which may have been bolstered by news that Saudi Arabia Intends to continue accepting payment In dollars for its oil.AP - 51 words
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Article63 1978-01-18 1 THE MALAYSIAN government Is likely to take a final decision soon on whether to go ahead with the proposed urea fertiliser project assigned to Malaysia under the Asean Joint Industrial programme, Petronas the state oil company, said yesterday. The pre-Investment study on the ammoniaurea project had63 words
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Article66 1978-01-18 1 AFP LONDON, Tues. The French franc was losing ground on the foreign exchange market here today despite central bank support following a French public opinion poll placing left-wing parties in the lead before the March general election In France. Dealers said the French Central Bank moved In toAFP - 66 words
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Article58 1978-01-18 1 AFP LE HAVRE (FRANCE), Tues The giant French tanker Pierre Qullaumat (554,000 tonnes) broke two European records on Its Inaugural voyage from the Persian Gulf to the port of Havre-Antl-fer, where it arrived today. It carried the largest load of crude oil (535,000 tonnes) ever transported by super-tankerAFP - 58 words
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Article33 1978-01-18 1 AFP GENEVA, Tues. The UN High Commission for Refugees has received only US$l2.3 million (5J28.2 million) of the $35 million needed for Its 1978 budget, High Commissioner Paul Hartllng said. AFP.AFP - 33 words
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Article71 1978-01-18 1 UPI NEW YORK, Tues. Stocks headed higher early today in a rally sparked by the US dollar's sharp rise on foreign exchanges. Trading was brisk. The Dow Jones Industrial average was 2.86 points ahead to 774.60 shortly before 11 am. The Dow fell 3.99 points yesterday to theUPI - 71 words
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Chief Price Changes
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Article124 1978-01-18 1 Rises Most active SntMt Aeat Ease Alcoa SelCoconata Lira Hoe Kempas DubfM Tractor* Dun lop Est C*C Falls NBT Prim* Y H 9 Mail Con* Plant YH8 Pan Electric 213 138 235 225 199 103 394 390 348 285 200 185 234 155 478 218 188 +8124 words
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Article, Illustration168 1978-01-18 1 Rises Most active Temerloh Toshiba Alcorn Sentosa Sanyo Roxy NewS'dah Oriental Otympta 2.00 3.00 2.32 2.14 3.16 1.84 l.M 3.98 l.M .10 +.10 .07 .06 .06 +.M .04 .04 .03 Msla Weaving 147,000 Pahang Cons 132 000 K L Kepong 92.000 Supreme Corp 83,000 Total Turnover: l.M168 words
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Article1008 1978-01-18 1 COLIN CHEE - PWD PENALTIES FOR DEFAULTERS By COLIN CHEE THE GOVERNMENT will become more discriminating In its choice of contractors for public works as from the end of this month. The Public Works Department (PWD) yesterday announced that tenders for all government contracts will be tnvlted on1,008 words
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200 1978-01-18 1 SINGAPORE'S petroleum product exports In the first 11 months of last year were 22 per cent higher than the same period of 1976. Exports of other cargo rose by 14 per cent. During the period, cargo handled in the port rose from 52.7 million200 words
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800 1978-01-18 1 TERESA LIM - »y TERESA LIM SINGAPORE and Malaysia are seeking an agreed date to re-start formal renegotiations on their present air services agreement. The first meeting was held In Kuala Lumpur in October last year and the next will be held In Singapore. Informal talks800 words
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276 1978-01-18 1 HIGHER food prices pushed the consumer price index (CPI) up by 2 per cent in December, over the previous month. Dearer fish, rice, pork and poultry more than ofbet cheaper fruits and vegetables, and drove food prices up by 3.7 per cent. Fish276 words
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367 1978-01-18 1 Reuter AUSTRALIAN sugar negotiators have told Malaysia they will face action through the International Sugar Organisation (ISO) in London unless Australian price proposals are accepted by Friday. Malaysia stopped taking delivery of Australian sugar in July last year pending settlement of the price dispute.Reuter - 367 words
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Article158 1978-01-18 1 AP KUWAIT announced yesterday It was reducing the price of Its heavy crude oil by USIO cents retroactive to Jan. 1-. The decision, announced by Oil Ministry Under-Se-cretary Mahmoud Adassanl, followed several weeks of negotiations between the government and Its biggest oil customers. British Petroleum. Gulf andAP - 158 words
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Page 1 Advertisements
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Advertisement32 1978-01-18 1 whatever you need in menswear, get it a 1... MOHAN'S DEPI STORE (PTE.) LTD. 321, Orchard Hoad/M *****22 (nart to Mandarin HoM) •ranch: 101, 'hngHn Shopping Canti* ?M *****40 Daily :9am-9 pm32 words
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Advertisement87 1978-01-18 1 .Trust Sony for your video Witt) customary vision llvvU9 and foresight Sony pioneered video equipment. Today, Sony is one of the world's foremost manufacturers of integrated video equipment Research and experiments are continuously carried out to bring you the most advanced and sophisticated video components. DXC-1200P (Colour video camera) Ideal87 words
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Advertisement48 1978-01-18 1 of two-tanker BANK \mHmg: Bmoi offtlVOV AXE falis oa North ORIENT FINDING ytw on tmr u l 11 flMMtao ANOTHER buk nitiw It* LETTERS to tho Editor 7 12 MEMOPAD 2,' CROSSWORDS 2. AIRCRAFT SCHEDULE 5, WEATHER t, TV RADIO i, BRIBTOW 7, STRAWS IN THE WIND 7.48 words
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Advertisement148 1978-01-18 1 TAI^OTA LITE P MBMK PftUD CSEdfl«BUS»fI£SS QUARTER! "Mi n **.> /■s*%*& The Autumn iMue of the ASEAN Business Quarterly includes s 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 economic148 words
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TRADE AND INDUSTRY
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Article, Illustration565 1978-01-18 2 RONNIE LIM - By RONNIE LIM SINGAPORE will find It more difficult to attract foreign Investments In the future In the face of the growing tendency of Western governments to scale down Investments overseas. This development, which is being used as a means to reduce565 words
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Article277 1978-01-18 2 THE Singapore Industrial Labour Organisation and the Pioneer Industries Employees Union will push for a more relaxed style of industrial relations. This will take the form of informal meetings and discussions between union leaders and top management to resolve disputes and promote understanding, according to277 words
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Article94 1978-01-18 2 SOUTH KOREA plans to invest In overseas coal mining ventures, particularly in Australia, Indonesia, the United States and Canada, to ensure a stable supply for Korean Industries. The Ministry of Energy and Resources said Korea has no choice but to turn overseas for coal as the94 words
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Article143 1978-01-18 2 THE Medicineo (Medical Advertisements) Regulation*. 1*77, will omw late effect oa Feb 1. Under theee regulations. permit must be ihUhri from the Ministry of Health before aay medical advertisement er sales promotion of medicinal products can bo sflbKed Medical advertisements include all form*, whether143 words
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Article41 1978-01-18 2 SOUTH AFRICA produced 1.72 million ounces of gold last month, down from 1.9 million in November and 1.78 million In December 1976. Chamber of Mines figures show production last year was 22.4 million ounces against 22.8 million In 1976.41 words
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417 1978-01-18 2 AFP TAIWAN'S foreign trade for billion or 13.1 per cent over this year has been projected 1976. at U8(20.8 billion (Ss4B Exports, to the U8 of billion) with exports to tall- *9.33 billion against imports lng $10.7 billion against lm- on $9.5 billionAFP - 417 words
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203 1978-01-18 2 THERE is a need to develop specialised supporting services in Singapore. Opening the S3 million Japanese venture, Asian Machine Pte Ltd yesterday, Dr Ang Kok Peng, MP for Buona Vista said the investment here showed that there is a demand for supporting services here.203 words
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Article, Illustration232 1978-01-18 2 THE Industrial Training Board (ITB) is aware of the need to upgrade its training schemes to meet the demands of high precision and high technology Industries. Dr. Ahmad Mattar, chairman of ITB, said the recent formation of a Joint Singapore Manufacturers Association and232 words
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99 1978-01-18 2 UPI THE Pakistani government la expected to place a US$4l million (SS94 million) order with two companies of the Mitsubishi Group, Japan's largest business conglomerate, for construction of two large-scale cement plants. The Nlhon Kelxal Shimbun financial paper yesterday reported that the plants, toUPI - 99 words
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Article167 1978-01-18 2 COURSES AND TALKS DATES TITLE Jan 4-23 Managing Conflict In Industrial Relations LOCATION v Thong Teck Bldg. ORGANISER SIM 7,14 b21 The Effective Secretary Thong Teck Bldg. SIM 9-30 Industrial Application of Operational Amplifiers YMCA Palmer Road NPB 9Feb 2 S.D. Module III— Elements of Industrial Engineering Hotel167 words
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Page 2 Advertisements
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Advertisement143 1978-01-18 2 How well do you know your Australian Birds? The Qantastic Early Bird to Perth at 9.00 am Every Wednesday* > 9.00, Wednesday morning. That's the time to catch our Qantastic 'Early Bird' to Perth. 0. Every Wednesday we take off from Singapore 0i- for the daylight flight to that magical143 words
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OVERSEAS
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631 1978-01-18 3 Reuter AMERICAN consumers were markedly more confident In the future of the economy last month than earlier in 1977. The Conference Board, the business-backed research organisation, has said Its consumer confidence Index climbed to 100.4 last month, the highest In five years and upReuter - 631 words
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Article321 1978-01-18 3 AP LAST YEAR'S corn crop, an important factor in this year's food prices, was almost 0.36 billion bushels, up one per cent from 1976. The U8 Agriculture Department said on Monday, that the final estimate was 9.5 million bushels less than its forecast last November when theAP - 321 words
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WORLD IN BIEF
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Article453 1978-01-18 3 Agencies THE Canadian anti-dump-ing tribunal has decided that stainless steel plate was being dumped by Sduth African and Japanese producers, thus harming Canadian production. Dumped goods are sold In a foreign market at prices below those charged in home markets. The complaint against the foreign producers wasAgencies - 453 words
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589 1978-01-18 3 Agencies ITALIAN Treasury Minister Oaetano Stammatl said there Is no cause few concern over the lira In the present political situation. He told the Corrlere Delia Sera newspaper that the country's economic position Is radically different from that tn 1976 (a year ofAgencies - 589 words
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352 1978-01-18 3 Reuter VITAL decisions on economic policy are being shelved pending the outcome of the current political crisis, sparked off by party opposition to the government's economic proposals. But with industrial output and consumption still running at a low rate, senior economists said they areReuter - 352 words
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153 1978-01-18 3 AP THE United States la advancing towards energy conservation quicker than most people think. John Cunningham, Parliamentary Undersecretary of state for energy conservation in the UK, said he is impressed by US fuelsaving programmes. During talks with officers of the US government andAP - 153 words
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969 1978-01-18 3 Reuter UK trade last year, which •bowed a £59 million (3*265 million) current account surplus, points to rising imports and potentially growing problems for Britain's economically vulnerable manufacturing Industries. An £819 million deficit In the first half was offset by a £878 payments surplus InReuter - 969 words
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Article104 1978-01-18 3 CANADIAN Finance Minister Jean Chretien said the government expects the Canadian economy this year to grow a real 5 per cent against around 2.5 per cent last year. Personal incomes are expected to grow more rapidly this year, partly because of tax cuts for lower104 words
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400 1978-01-18 3 LUXEMBOURG Is not planning any further measures other than Its proposed five-point fiscal programme to make the Grand Duchy more attractive as a Euro-banking centre. The number of new banks coming here Is expected to fall to five this year from 10 last year. Banking400 words
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Page 3 Advertisements
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Advertisement291 1978-01-18 3 Over 80% of Australia's tianfcing f^fmlnalc are supplied by Olivetti. Banks know whom to trust. The problem To assist Australia's financial institutions in serving the country's fastexpanding economy with flexible and reliable terminal systems for online handling of all banking transactions. Hie customers The biggest savings banks and building societies291 words
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Page 3 Miscellaneous
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Miscellaneous612 1978-01-18 3 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I On which to spend a pourbolre with some pleasure (8) 7 Being not really clever, I go to sea In a motley crew (8) Eat with Enid (4) It Card merchant? (S) II Young rascal's tear? (6) U Fade away from the audience (3)612 words
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RAW MATERIALS
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Article453 1978-01-18 4 OPENING price* In Singapore yesterday were marked up one cent following higher London advices and thereafter fluctuated on some long selling, shortcovering and some forward inquiry, before closing easier on balance. Turnover was moderate. The market finished slightly easier with February One RSS buyers quoted453 words
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Article329 1978-01-18 4 Price* in cent* per kilo yesterday: Noon Cloae (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R S S prompt fob 204 00 205.00N 202.50 203.00N Int. 1 R.S.S. February 204 00 204.50 202.50 203 00 Int 1 R.S.S. March 204 25 204.75 202.75 203.25 Int329 words
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Article91 1978-01-18 4 NOON SSR and SMR prices yesterday HAS Fatouary (Current Mtk) Buycn 9dWw March (Forward Mth) (casta par kg) >U »*rk«) SSR 20 SSR 50 (1-ton pallet) (1-ton pallet) 194.90 192 50 196.SON 194.SON 199.90 193.90 197.SON 196.SON MKKLB SMR5CV SMR SL SMR 5 SMR 10 SMR 2091 words
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Article30 1978-01-18 4 Rubber: Jan 17 Siuuore: February 202.50 cents (down 2.00 ecato) Malaysia: February 204.25 ceats (down 2.25 cents) Tin 5:11,679 (down f2l) Official offering: 250 tonnes (down 45 tonnes)30 words
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Article483 1978-01-18 4 TRADING conditions were little changed at the Singapore produce market yesterday. Business transacted was minimal and confined to local squaring accounts. The general trend was mixed. Copra and coconut oil continued to move on an easier bias following the mark-down in the overseas markets. Sentiment was Influenced by483 words
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Article211 1978-01-18 4 BANGKOK rice prices were quoted as follows yesterday: (Price* in U8 do)lan per tonne fob Nuu Banckok i Wkite Rim: 100 pet lit class MS. 100 pet 2nd class 330,100 pet 3rd class 345. spct 336. 10 pet 320 IS pet 317. 30 pet 314. 2S pet 313. 35211 words
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Article70 1978-01-18 4 C.I.r. US dollar per too. LONDON: Malaysia 5% ffa bulk Mar Sumatra 5S f(a Jan reft March April May June Nigeria 5S f(a bulk ROTTERDAM: Sumatra Jan Zaire (Belg francs per kilo) Meaday SOS ilr 530 qui SMqtd SlSqtd 900 pd 405 pd 495 pd unq 530 ilr70 words
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Article203 1978-01-18 4 ROBUSTA futures In London yesterday opened quietly steady £4 higher to £22 per tonne lower compared with Monday's close. Turnover was 72 lots. Spot January gained £4 but distant untraded Months lost £22. Dealers said there were no special steadiness largely reflected lack of sellers. Arablca futures opened SO.203 words
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Article231 1978-01-18 4 i THE STRAITS tin price in Penang yesterday fell Ms2l > to $1,879 per plcul, on an of- > flclal offering down 45 l tonnes to 250 tonnes. In LONDON yesterday, tin closed £10 higher for cash and £1 up for Three 1 Months standard. High grade rose231 words
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Article160 1978-01-18 4 TERMINAL cocoa in London yesterday finished a fairly lengthy first call £19 down from Monday night to £1 higher but rallied slightly in quiet and somewhat hesitant open trading. An expected slightly steadier opening against New York was more than outwelghted by sentiment, dealers said. On Monday, terminal went160 words
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Article258 1978-01-18 4 TERMINAL sugar In London yesterday opened C 0.45 to C 0.75 per tonne above Monday afternoon's closing levels. Turnover totalled 471 lots. The steady opening reflected on trade buying from one quarter and the high price of 9.35 cents per pound fob paid for a cargo of Jamaican raws258 words
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Article413 1978-01-18 4 SUOAR futures yesterday closed slightly easier with losses ranged from 0.01 to 0.05 US cents In quiet and featureless trading. The market opened 0.02 to 0.04 cents lower on commission houses long liquidations and trade house selling offset by local speculative buying, dealers said. Turnover rose slightly to413 words
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Article94 1978-01-18 4 SOYBEAN futures dropped sharply under liquidation and finished the session at the lows down 15* to 11 cents a bushel In CHIC AGO on Monday. Soybean meal futures ted a decline in the soybean complex and both meal and oil futures closed at the session's lows with large losses.94 words
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Article58 1978-01-18 4 WHEAT futures were hit by late selling pressure which drooped prices to the Ibws and final lasses ranged 75/4 to four cents a bushel down in CHICAGO on lionday. Traders said the market was weakened by a lack of buying Interest and futures declined moderately under local selling which58 words
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Article237 1978-01-18 4 COPPER wire bars finished the morning in London yesterday with losses of C 7.50 for cash and £8 for Three Months. Values eased on the premarket under scattered liquidation in sympathy with the overnight New York trend, although the decline paused on modest short-covering prompted by a report of237 words
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Article151 1978-01-18 4 SILVER eased by mostly 1.1 pence per troy ounce in London yesterday. The market was subdued by lower gold which prompted light profittaking and liquidation. Turnover was only 16 lots On Monday, silver on the LME rose by 3.8 to 4.1 pence per troy ounce. The afternoon market was151 words
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Article333 1978-01-18 4 THE KILOBAR In Singapore yesterday opened at Immediately after opening. the bar was bid to 8913,274 which was the high of the day. The market eaaed off to cloae at a Vow of 8113,175. In the London market, the metal opened at U*****.4Q/70 and doeed at U*****.00/30. The London333 words
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Article26 1978-01-18 4 ZINC finished the morning with losses of mostly £2 per tonne In London yesterday. On Monday sine closed with losses of mostly £3.50 per tonne.26 words
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Article24 1978-01-18 4 LEAD closed with losses of mostly £3 per tonne In London yesterday. On Monday, lead closed wltb losses of mostly £7.75 per tonne.24 words
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MONEY AND EXCHANGE$
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Article682 1978-01-18 4 THE FOREX market opened on a generally quiet note yesterday but when the London market opened, the US dollar gained strength considerably and finished with gains against most of the major currencies. The local money market showed a continued Interest in terms as borrowers sought to cover themselves682 words
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Article50 1978-01-18 4 ACBC Algemene Bank 7 Citibank 7M Bangkok Bank 7 HSBC 7 Bank of America 7 Bank of China 7 BankofTokyo 7 Bank Nasar* 1 Indonesia 7 Malayan Bankinf 7 Mitaui Bank 7 OCBC CH OCB 7 Chartered Bank 7M UCB Cha*eManhattan 7 DBS UMBC 7 I'OB 750 words
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Article167 1978-01-18 4 Asian rates Australia/NZ ASIAN cumm nut u at cka 7d*jr» 1 mth I mtha J mtlu (BUM mth* Uollu 1 mth 3 mth* 6 mtlu UmUu 1 mth 3 mtla 6mtltt Umtfu -1 depotft interbank t on Jan IT: IHMMfendtat) OAr BM ...7 VI# 71/16 .T1/4 71/1 ...73/6 71/4 ...71/J167 words
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Article38 1978-01-18 4 RAWOIof Dricwon bourn on Jan It: 0*«rnlgbt t%% QUI deposit: SU% tarad by dticoun J-HgnU) l TrMmryMI 1 Hunth M Ik Bank Ml* 1-Month CD I-Month CD f* Mb Mk U •M Source: National Discount Co Ltd38 words
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Article128 1978-01-18 4 THE DOLLAR opened yesterday firmer against most currencies though Initial trading was thin. Sterling opened slightly easier around U551.9260/75 against 1.9275/90 overnight but eased to 565.8 from $65.9 against the trade-weighted index. The dollar was quoted around 2.1315/30 marks against 2.1215/35 overnight, around 1.9830/50 Swiss francs compared with 1.9690/9710128 words
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Article108 1978-01-18 4 THE DOLLAR closed little changed against major currencies, although the general trend was down on Monday. Sterling closed little changed at U551.9320/30, against its opening of 1.9315/30, after easing to 1.9280 at one point. The Swiss franc traded in a narrow range, finishing at 50.70/75 cents, compared with108 words
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Article92 1978-01-18 4 THE DOLLAR for overnight delivery yesterday closed at 241.70 yen, slightly down from a 241.75 opening but un from 240.85 at Friday's close. Trading was active with volume $299 million. No Central Bank Intervention was detected. A high level of import settlement needs also helped to push the dollar92 words
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Article115 1978-01-18 4 THE US dollar yesterday closed slightly firmer In small volume compared with New York's levels overnight. It firmed to 2.1235/55 marks from 2.1195/1215 In New York, and to 1.9275/90 against sterling from 1 9320/30 The dollar was quoted at 241.65/75 yen. above 241.25/55 In the US. The Hongkong dollar115 words
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Article72 1978-01-18 4 Euro rates LONDON Eurodollar deposit rates yesterday held steady around overnight levels in relatively light trading. Eurodollar depoalt* opening quote* on Jan 17: Overnight 7-1/14. 6-IVI6 Wed/Tnur* 7-1/8, 7 Thurs/Trl SO, 19-7/8 Seven Day* fix and notice 7-3/16, 7t 1/U One mth 7-1/4. 7-i/» Two mth* 7-3/8, 7-1/4 Three mth*72 words
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Article185 1978-01-18 4 Eurobond price* quoted on Jan u Shell 9% 60 SNCT»*»4 Flat 8 82 Hydro Quebec 9 92 Fltons9*92 96.37 9btn Tdmex (WM 97.17 RHM 998 TNT962 Midland Bank ISM Ooetaverken 7% K Ooetaverken(*67 NCB (17 97.29 94.00 93.SO oojo •5.00 04.00 Barclays (to 92 96.30 Australia7v,94 Australia9%92 RedpaUi 9185 words
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Article30 1978-01-18 4 FRANKFURT exchange* opening quotes on Jan 17: SViSKS.w srr ltr jj Ut 2.4H/4M r rr N Kr 41.27/41 a rr (coo) ».m/m 2 rr (no) $.4*/n Yen CM 10/3030 words
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Page 4 Advertisements
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Advertisement475 1978-01-18 4 Business Management in Penguins Tlw Debt Trap: Cheryl Payer The International Monetary Fund it the moat 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. A Pelican475 words
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Advertisement58 1978-01-18 4 If business you wish to transact With diplomacy, reason and tact, Fosters is the venue For a fine interview Over dinner, a drink or a snack. 9J FOSTERS ORIGINAL LONDON RESTAURANT PEG g 25A. Amber Mansions, Orchard Road, Singapore 9. Tel: *****6/*****9. Fostm Smokehouse Hotel, Cameron Highlands Foctors twvt GuartntMd58 words
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TRANSPORT
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181 1978-01-18 5 AP JAPANESE time-charter booking in the Par East was the main feature on an Otherwise quiet London freight market on Monday where rates held reasonably steady Nakamura booked the 2®.#88 dwt Camara at U553,550 (558,200) a day for a Jan 17 to 25 tripAP - 181 words
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160 1978-01-18 5 Reuter THE OECD working party on shipbuilding met here on Monday and yesterday, and European delegates were again expected to press the Japanese to reduce their share of the world market. But the Japanese, who say their order book was cut back followingReuter - 160 words
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Article76 1978-01-18 5 THE Union has recently proposed joint development with France of a commercial supersonic plane that would become a vailable about a decade from now. The Aerospatlable group section of the General Labour Confederation (COT) said in Nantes, France, the USSR suggested this last November and that marketing of76 words
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Article, Illustration711 1978-01-18 5 TERESA LIM - BEARING ON UN DECISIONS ■r TERESA LIM THE COLLISION of two huge supertankers off South Africa last month will have an Important Impact on the United Nations conference on tanker safety In Febrary. This in turn may Influence developments In the Straits of Malacca when711 words
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Article1029 1978-01-18 5 MARKET rates are still fluctuating. A fixture was signed for March, to lift 30,000 tons of bagged urea at U5516.20/Mt from South Korea to Bangladesh. Scrapping rates have declined slightly. Note below forward contracts signed for delivery to Kaoshung (by month, light displacement and price): April, 4500,1,029 words
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Article, Illustration344 1978-01-18 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Ernebank (MOO after Vlshva Karuna) 33/34 Kota Gajah (0700) 12 Lexa Maersk (1600 after Perseus) 1/2 Ocean Supply (B. Barge) (0700) 48 Samson (0000 after King Dragon) 25 Turkmenlya (1000 after Frotarlo) 42/43 PABIR PANJANG WHARVES Kal II (0700 after Chin Chlng) Gdns.344 words
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Article77 1978-01-18 5 A TEAM from Britain's Sunderland Shipbuilders Ltd, will fly to Bombay on Saturday for more talks on contracts tor six 10,300 dwt container-oriented cargo liners at the special request of the Shipping Corporation of India. "This InrltaUOn to return to Bombay indicates that Sunderland Shipbuilders' prospects are77 words
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246 1978-01-18 5 SINGAPORE Airlines* capacity for aircraft maintenance will be increased when its new 4,000 sq metres workshop is completed in October. It has plans to maintain the General Electric CF650C1 engines of the DC 10-30, four of which will be delivered to BIA between August246 words
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Article748 1978-01-18 5 ARRIVALS ft 1 Mil II SWVIOf Operator Number Loca Tim. 1 From ir TMA TL304B 0630 TPE MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ10I 0815 KUL MAS MH621 0835 PENMAS MH807 0845 KUL MAS MH071 0945 PEN/KUL OLA OA 980 1030 HLP CPA CX710748 words
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Page 5 Advertisements
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Advertisement141 1978-01-18 5 !&-(+-^'!/^*!|_,<>|@?[+}$=\~'+, ■■jyAv V Call us for your local or -M onward reservations Rcnt-.i-C.ir «JLm« SINGAPORE AIRPORT TEL *****5 fY CITY TEL 235S8SS A gigantic display and sala of the latast books on avary subject and interest from the following publishers: 1 0 a United Kingdom Penguin Books Lid Edward Arnold141 words
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Article354 1978-01-18 6 t THE Government has finally come down strongly on contractors who persistently adopt traditional work and management methods, making a mass of projects, and cutting corners. With its revised PWD registration system, which becomes effective at the end of the month, It is demonstrating to354 words
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Article256 1978-01-18 6 THE Straits of Malacca is precious to the three countries that it serves: Malaysia, Indonesia and Singapore. But until the 237,698-tonne Japanese tanker, the Showa Maru, ran aground near Singapore in 1975, the three had not seriously cooperated to protect the Straits from oil pollution.256 words
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Article, Illustration1341 1978-01-18 6 A.KADIR JASIN - VITH THE fear that the US will release from its General Services Administration tin stockpile this year and with rising costs at old mines uppermost in their minds, tin producers are campaigning for the International Tin Council to. allow higher tin prices. They are1,341 words
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Article, Illustration943 1978-01-18 6 JOHN TAN - By JOHN TAN IF YOU think you want the best man or woman for the Job, and are prepared to pay at least $12,000 to find him or her, then Korn/Ferry International may be the people to see. Perhaps I should clarify that the company Is943 words
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508 1978-01-18 6 PAUL LOONG - •y PAUL LOONG UPI HONGKONG can afford to buy almost everything It doesn't produce. Everything, that Is, except land. As pea-sized Hongkong becomes more critically short of space, the city fathers have turned their enterprising eyes towards the far horizon and discovered whatUPI - 508 words
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Page 6 Advertisements
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Advertisement672 1978-01-18 6 M- •4v-.-*£rs i f'" V: C4.':' V*' 't/V-Jfi': f "v- U z--'' v y sinGapura FORUM U HOTEL 185 Orchard Road, S'pore I. Tel: *****2 406/407 Harelock Road, S'pore 3. Tel: *****1 Sao Chuan Room A TREAT OF SZE CHUAN FOOD AT THE SZE CHUAN ROOM Is a heavenly delight672 words
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Page 6 Miscellaneous
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Miscellaneous141 1978-01-18 6 WEA THER outlook for Singapore from 6 am to noon today:- isolated showers around noon. Jan 17 31: The monsoon over South-east Asia has entered a steady but less active stage and although isolated afternoon shotoers may be expected over Singapore on a few days during the next one week,141 words
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Miscellaneous276 1978-01-18 6 TV RADIO SINGAPORE 5 3.00 P.M. Opening announcements followed by Stars in Action The Finger of The God 3.30 Diary of Events (Malay) 3.35 Flight from 70 Million Years B.C. (Repeat) 4.15 Intermission 6.00 Opening announcements followed by Electric Company 6.30 News in Brief 6.35 Wild, Wild World of Animals276 words
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Article1674 1978-01-18 7 COLIN CHEE - By COLIN CHEE BANK LENDING in Singapore over recent months has been showing signs of picking up, even if the Increase is moderate compared to the days of the early *****. By the end of November last year, local dollar tendings of commercial banks in1,674 words
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Article566 1978-01-18 7 OUR MAN in Brunei has witnessed a veritable Solomon's Judgement In Kapit. Sarawak, where two fighting cock-owners contested the ownership of a single cock. After listening to their case, the two chosen arbitrators said the only fair deal would be for the fowl to be divided566 words
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Article749 1978-01-18 7 Dear Sir I wish to refer to "Sizing up Performance of the Top 100" (B.T. Jan 3). I have pointed out earlier that It would be unrealistic and Inaccurate to omit companies incorporated overseas which are listed on the Stock Exchange of Singapore from the list749 words
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Article982 1978-01-18 7 ANDREW S. CHAN - FORUM f ...on management •y ANDREW S. CHAN IN RECENT years, It has been the trend for engineering and science graduates to take up postgraduate studies In businessadmlnistratlon. The main reason is when they climb up the hierarchy ladder, eventually they have to assume responsibilities982 words
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Page 7 Advertisements
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Advertisement470 1978-01-18 7 <£- c* m ■i m Blubber-Gut Society OCS'G* S#fCi«4.ri€S A SINGAPORE-BASED designer delights in devising any "membership cards" for non-existent societies as novelty gifts to his friends and clients. Struck by the imposing abdominal development common amongst most successful over-the-hump businessmen here, he designed this one. On the reverse side,470 words
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Page 7 Miscellaneous
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Miscellaneous58 1978-01-18 7 BnStcW: Ymut: IhdccnS V r *4 R# CMeSS, irrs UWE. 6e*G> 9oT wsl f*W Wfeßffr Of n£. UXW?um WW* SE^ 1 W-L KCUND€i?... FISUiHG. UICJGMT nPnUC *M*out>H "URT 133 uwe. 6ei**G n*: f vSHiMG. 10C.GMT LipnMG, ICoPt1 CoPt VDOK»C> toB n SS§! p isfe i 1 r I^S^" TOCA- to58 words
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INTERNATIONAL STOCK MARKETS
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Article351 1978-01-18 8 HOMOKOWO: Shares price* 75«?r ,r clo *<l Ora across the board in active trading, with Interest centred on Droperty •ham, dealers said. Among blue chips, Jardiao Matkeeaa row 30 to 11.40, Swire Parifie 10 to 5.30, Hoag Ktu five cenu to 8.30, while Heac Imi Baak was steady and351 words
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Article471 1978-01-18 8 TOKYO: Share prices closed mixed yesterday In moderate trading in the absence of fresh factors, dealers said. The Dow Jones average fell 1.16 to 5,038.92 with volume of 210 million shares. The New index was down 0.31 to 375.26. While some speculatlves were bought selectively, exportorientated issues and leaders471 words
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Article314 1978-01-18 8 SYDNEY: The stock market ciosed little changed yesterday In thin trading with BHP falling two cents to A 85.38 and ACI one to 1.77, dealers said. ANZ rose five to 3.40, Central Norseman 10 to 7.80 and Bougainville one to 1.06. Utah fell five to 3.20, Coal and Allied314 words
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Article154 1978-01-18 8 MANILA: The stock market closed mixed yesterday with mining averages gaining slightly while oil and commercials declined, dealers said Turnover fell to 2.50 million pesos from Monday's 3.53 million. Oriental rose one point but other oil Issues lost fractionally. Sao Miguel was up by one point but PLDT lost154 words
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Article142 1978-01-18 8 Jan rt •Bahts Asia Fibre 264 -1 BangkokBank m unch Bangkok Invest 34a -2 Bangkok Metropolitan Bank Bata 750 -1 BerliJucker 50* •12 CharoongThai Wire 322 -4 Durnn DusltThanl Faber Merlin First Trust 3*6 *21 Genera Finance Indo-Thal 303 +38 Industrial Finance Corp 2165 >20 1 And J Ho142 words
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Article276 1978-01-18 8 AMBTERDAM: Share price* closed firmer on Monday but trading was quiet due to lack of interest ahead of the government's policy statement due that afternoon, dealers said. Hoogwoaa led gains In Dutch internationals while Philip* edged lower and Unilever closed unchanged. In the rest of the market firm shares276 words
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Article128 1978-01-18 8 BRUSSELS: Belgian share prices were slightly higher to quiet trading or Monday, bourse sources Mid W*«y raw after announcing an agreement with Belgian glassmakers. In foreign stock!, UK were lower, French were unchanged but Oennana. US and Dutch were higher. Oold mines were higher, while Petrsflaa was unchanged. Can*,128 words
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Article257 1978-01-18 8 FRANKFURT: Share* firmed on Monday with rises dependent on Investor reaction to private bourse newsletters, market sources said. Banks specialising in mortage business led gainers although the three major commercial banks were little changed. Chemicals advanced up to 2.90 marks but motors lost up to 4.10. Public bond price257 words
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Article283 1978-01-18 8 PARIS: The market tended easier on Monday, with the weakness of Wall Street and some concern at the lack of cohesion of the French rightwing parties undermining confidence. dealers said. Foods and constructions were easier, particularly BBN, and Meat, wnlle L'Oraal lost around six oer cent. USstocks fell, but283 words
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Article93 1978-01-18 8 The stock market report was not available. JAN M UN Ante ia -4 AaocOan MM -M0 ■Mtogl M -U Omtrsto nmx MM -a 1M •it ftnMkOm 0«n Immob at -a n ♦i mm 3033 n MH -lao ItoigM &M •u tUpMUPf 1M SO +0.5 aao -11 VU.r*lli Krc m93 words
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Article353 1978-01-18 8 JOHANNESBURG: Oolds were firmer following the higher London fixing but trading was quiet on Monday, dealers said Heavyweights roee up to 100 cents while other tains were •round 20 cents. Financial mlntogs were mostly easier and De Bjwrs was three cents down at 575 after being 552 earlier Pajaala353 words
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Article235 1978-01-18 8 ZURICH: Prten vtn steady Ml moderate trading on Monday in Une with a mora stable currency market, dealers said. Banker* closed narrowly mixed while in financial*, Laadis aad Gyr continued higher, followed by FmW, Ifli lUii and PMH. Insurances gained led by Beeekvereleheraag Leading Industrials rose slightly, while utilities235 words
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Article313 1978-01-18 8 TORONTO: Share prices closed tower on Monday as falling senior resource Issues helped push the Composite index down four points and the oU and gas index down more than 13 points. Trading volume was the lightest of the year at 2,867,989 shares against 3,097,901 on Friday. Declines outpaced advances313 words
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Article1415 1978-01-18 8 January 16 VOLUME on the Chicago Board Option* Ex11 0 728 contracts from 102,577 on Friday. Declines led advances 208 to 141 OPTION JAN A PL JLY BTO CK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AUR AUR AUR Aran Avon-P A1,415 words
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Article1125 1978-01-18 8 NEW YORK: Continued Investor unease about the health of the dollar and the fate of pending energy and tax legislation pushed stocks broadly lower in slow trading on Monday. Analysts said Investors will be watching for Indication* of decisions to be taken at the Federal Reserve Board's open1,125 words
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Page 8 Advertisements
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Advertisement225 1978-01-18 8 m m m i i r* i i i Ml nm tii*! \> 'S7/A V# m w m t !*> N <4, i #r •v* A welkead person is a well informed person. That's why he can always talk about any current event or join in on any conversation amongst225 words
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INTERNATIONAL COMPANY NEWS
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165 1978-01-18 9 NORTH AMERICAN COMPANIES Reuter CHASE Manhattan Corp.. holding company for the nation's third largest bank, reported a 40.8 per cent gain in fourth quarter profits, helped in part by higher income from foreign loans. The bank's fourth quarter profits from operations totalled US$38.2 millionReuter - 165 words
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Article94 1978-01-18 9 GETTY Oil Co said It plans capital expenditures of US$97B million In 1978 up from $624.5 million In 1977. Getty said it will spend $726 million on petroleum exploration and production this year, with $520 million to be used In the US. The company said about94 words
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Article769 1978-01-18 9 NYT WHEN the International Business Machines Corporation announced that it was entering the minicomputer market in earnest slightly more than a year ago, some investors in the Digital Equipment Corporation were concerned. Digital Equipment, the pre-eminent producer of minicomputers and one of the five largest domesticNYT - 769 words
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Article346 1978-01-18 9 Reuter FIRESTONE Tyre and Rubber Co. raised the possl-' blllty of closing two tyre plants In the Akron area which employs 2,000 people. Firestone chairman Richard Riley said in a statement: "We cannot rule out the possibility of substantial layoffs." He said It was difficultReuter - 346 words
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Article62 1978-01-18 9 ALCAN Aluminium (UK) said the London Stock Exchange approved in principle the listing of Its shares. The listing is subject to Alcan receiving sufficient conversion notices on Its convertible loan stock to ensure that at least five per cent of the resultant Issued ordinary capital will be62 words
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Article146 1978-01-18 9 INTERNATIONAL Busine»» Machine* Carp. Srtmi mm 18J par cent ia fourth quarter eara- u including a substantial iscnaM la fmip currency galas. IBM'a fourth quarter profits totalled U*****.4 million (5.38 ahare) op from the yaar-ago period's M 74 million (4.47). IBM saM the weakening dollar reeulted la146 words
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Article91 1978-01-18 9 THE strike at Cerro Copper Products' 42,000 short ton per year secondary copper refinery and tube mill at East St Louis, Illinois, ended on Monday as workers overwhelmingly ratified a new three-year labour contract, a company spokesman said. He declined to give details of the agreement but91 words
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Article30 1978-01-18 9 MCA Inc and NV Philips Oloellampenfabrleken said they will introduce twohour, double-sided optical videodiscs later this year. The companies had announced plans to introduce a one-hour sided disc.30 words
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Article523 1978-01-18 9 EUROPEAN COMPANIES LONDON: The board of Madame Tussaud's, which is the subject of takeover bids from Associated Television and 8. Pearson and Son, has forecast pre-tax Eflts of £2.1 million for current year, compared with an estimated £1.05 million for the year Just passed and £1.2523 words
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Article106 1978-01-18 9 BRITISH Bank of the Middle East will form a new Joint Saudi Arabian bank with private Saudi Interests to take over and expand BBME's commercial banking operations In that country, a BBME spokesman said. He said the new bank, to be called Saudt-Brltlsh Bank, will have106 words
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Article75 1978-01-18 9 ASIAN COMPANIES AUSTRALIA and New Zealand Banking Group Is optimistic that results In the current financial year will show an Improvement over those for the year ended Sept 30, chairman 81r lan McLennan told the annual meeting. Economic conditions are difficult, particularly in Australia and New Zealand,75 words
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Article118 1978-01-18 9 WHEELOCK Marden Investments (Australia) said results of its manufacturing division have been very disappointing In the present economic cllmatf, despite cost savings, but some improvement can be expected during 1978. The division makes spring ma tresses and upholstered furniture It added that because of restrictions on foreign118 words
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Article98 1978-01-18 9 Inchcape bid for P C Reuter INCHCAPE and Co said It agreed terms to buy motor retailers Pride and .Clarke which owns the British Toyota concession through Its Toyota (OB) subsidiary, for £10.5 million. The offer Is either £5.25 cash for each Pride and Clarke ordinary or 144 Inchcape ordinaryReuter - 98 words
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Article44 1978-01-18 9 JARDINE Matheson and Co said It reorganised Its Insurance broking interests in the UK, establishing a new company, Jardlne Matheson Insurance Brokers Ltd, as the principal trading firm. 'The new company will head five others, each responsible for specific insurance broking areas.44 words
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Article51 1978-01-18 9 BRITISH Petroleum Co said Its BP Petroleum Development subsidiary and Ranger Oil (UK) reached agreement for a group led by BP to earn a 50 per cent stake in the Ranger group's licence P229 In exchange for drilling on Block 3/30 In the UK sector of the North51 words
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Article69 1978-01-18 9 AFP WORLD International (Holdings) announce! a profit of HK519.737 million for the six months ended Sept 30 last year. This is an increase of $2,403 million over the corresponding period of 1977. The company Is paying an interim dividend of 8.5 cents per share, an IncreaseAFP - 69 words
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Page 9 Advertisements
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Advertisement308 1978-01-18 9 Bestsellers front HamlvnGroup General/Nature Sports Hobbies Wonderful World of Birds Their Behaviour Wonderful World of Butterflies Moths World's Grea: Guns Illustrated Book of Card Games for One The Love Game Understanding Sex Understanding Yourself $18 90 $18.90 $31.70 $18.90 $31.70 $31.70 $16 00 Children's My First Dictionary All in colour308 words
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DEALS DONE ON THE SES AND KLSE
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Article1253 1978-01-18 10 BID aad offar pricea officially listed nd kuiiMi ia u< n>nliJ to Um Stock bekun at Siagapore yesterday with tie a—har of shares traded ifciwi ia Wacton to ots of I.OM Baits naifii etherwieo spot Mod. All dM Settiemeat Ceatraeta an stod5 tod altar the world "8*". Board1,253 words
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Article109 1978-01-18 10 V 4* I/V79 250,000) (IM.MB 100.70S) (4) 100 65 7 1/4* IS/10/7* (250,000) (101 .MB MI.MB) V 4% 1/1/78-M (250,000) (101.00B) 0 1/4* 18/8/88 (288,000) (103 SOB) 4 V 4* WVm (280 MO) (M.308 M.M6) 1/4% 1/IS/M (288,000) (loe.ooB) 8* T P 11/ VII (2M.000) <101 50B) I*109 words
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Article218 1978-01-18 10 Aaatraliaa D B 10% IM2 (100,000) (M*B 99*8) B O T 8 1/2* IMI (1W.000) (IM*B 1018) B O T 7 i/n 10M (100,000) (M*B 908) B O T Floafiac I*o4 (IM.OM) (00*B 99*8) Lt C B J 1082 (100,000) (M*B 1006) CltohO 1/8* 10M (100,000) (M*B 978)218 words
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Article241 1978-01-18 10 STRIKING price* of the stock Options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. Cold Storage (March 11.70) (0.30B). Inchcape (March 11-M) (O.SSS). (March $2.10) (0.125). Nat Iron (March241 words
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Article154 1978-01-18 10 SINGAPORE UNIT TRUST INCOME BONO UNIT IMuuian' price for Ju IS) (Carnal pt The Commerce 177 in INCOME BOND 1.08 1.18 The Saving Fund 1« 1.14 S pore Prof Fund 0.81 0.88 MARA BUMIPUTRA FUND S'pore Security Mind 160 1.70 (Maaagan' prion First Bumlputra i for Jaa 18)154 words
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Article1223 1978-01-18 10 BID aad eflte prtooa eAaially liatod aad baaiaeaa la aad MMrtad to Um Lauv Stock Pickeago jaasmday wMk the aambar of aharoa traded ahewa to braakato to lots ef IMS uaits ualeoa atharwtoo apeaif iad. INDUSTRIALS A MM (1.888). Ajlaimill (S.18B). Ami (4) S.M, (1) S.SB. A.1,223 words
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Article2339 1978-01-18 10 1*77/1178 Hl«k Low Ce^ Last Sals ♦eeGr's DW D4T C*rr Gr's Net Y*M P/E Vel (•660) Day High Lew SECTION ONE INDUSTRIALS 154 225 11* 246 as* 205 109 210 422 140 132 186 58 212 57* 1S6 146 182 350 91 Acma Alcom Allied Choc Bata2,339 words
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Page 10 Advertisements
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Advertisement22 1978-01-18 10 r; V/ T 4 a 4 I at im a 15 cB •k m i TC^Ti ft wi xz n Kenneth Lo22 words
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Article, Illustration757 1978-01-18 11 SINGAPORE IT WAS lack-lustre trading with prices tending lower moat of the wa* at the Stock Exchange of Singapore yesterday. Even the plantation ■tocka were traded on an easier bias on lack of followthrough buying and some profit-taking. Turnover was generally light in all sectors757 words
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Article603 1978-01-18 11 GENERALLY dull conditions prevailed at the Kuala Lumpur stock market yesterday with prices closing on a mixed to mildly easier note. Plantations stocks. In the forefront of trading activities for the past few days, saw demand diminishing as the day progressed. Opening on a fairly steady603 words
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COMPANY NEWS
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Article, Illustration614 1978-01-18 11 MANO SABNANI - iy MANO SABNANI THE PROFIT tree at North Borneo Timbers has been felled by the double-edged axe of adversity. Unaudited group pre-tax profit for the six months to Nov 30, 1077 crashed to an unbelievably low M 5455.000 from a stout $12.24614 words
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847 1978-01-18 11 AGAINST even Its own forecast, Orient Leasing Singapore ended the year Just past with a 30.1 per cent growth In earnings compared with a projected Increase of 5 per cent only. Group pre-tax profit for the year ended Sept 30, 1977 came to847 words
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Article49 1978-01-18 11 ALUMINIUM Company of Malaysia: Unaudited oretax profit M 52.92 minion (9847,000) for the year ended Dec 31, 1977. Sale* 936.50 million (929.46 million). Tax 91.45 million (9399,000) leaving net profit 91.47 million (9449.000). First and final dividend 15 per cent (10 per cent) and scrip issue one-for-two.49 words
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Article334 1978-01-18 11 CWNBl IK Data Total fcr Total hr KilUafbal] Jack Cbia-MPH 300% 5*1/c) 10*1 DK 15 septio DNI p*y*N» Jan 18 Jan 18 Jan 30 the year 508* 5* 10* 200* 2M Duff Do* 2W* Dec 28 Jan 18 5* 5* BatuKawaa ChiaTaek TtM 10* Dec 28 Dec 30334 words
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Article, Illustration95 1978-01-18 11 M ASS EY-FERGUSON Ltd has appointed Mr Michael R. Hoffman as chairman and managing director of Perkins Engines Group Ltd from Jan 1, with responsibility (or all activities of the group. Mr. Hoffman succeeds Mr Peter J. Wright. Mr Wright has been work- Ing with Massey-Ferguson since95 words
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Article223 1978-01-18 11 JARDINE International Petroleum (JIP). a whollyowned Hongkong subsidiary of Jardine Matheson group, has agreed to acquire SO per cent each in two companies from its Joint venture partner, Fearnley and Egers Befragtnlngsforretnlng A S (FfcE), a Norwegian company, says Jardine Matheson Holdings (SEA)223 words
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Article86 1978-01-18 11 The following company meetings are due: Chin Teck Plantations Bhd: Jan 22 at Its registered office. No. 8-2. Jalan Fatimah, Batu Pahat, Johore at 10.30 a.m. Chemical Company of Malaysia Bhd.: Jan 24 In the board-room of Malaysian Industrial Development Finance Bhd. 4th Floor, Bangunan MIDF, 117, Jalan86 words
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Page 11 Advertisements
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Advertisement404 1978-01-18 11 THESE ARE THE BOOKS THAT HITLER BURNED mfflfifL •5-- -Tt—l-I- c 3~F- v_ w- -1; i III! .:r-c b r R.i i S >V/o/ /ro\ THE GREAT BOOKS OF WESTERN CMLIZAnON These are the books that had to burn. For ing of civilization's great men. A con versa- within the404 words
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421 1978-01-18 12 SOH TIANG KENG - By SOH TIANG KENG BANK EMPLOYEES yesterday presented a fourpoint plan to enhance Singapore's status as an International financial centre. The plan, proposed by the Singapore"Bank Employees' Union, urged that the Republic should: Open Its doors to more multinational banks on a selective421 words
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Article336 1978-01-18 12 UNITED Commercial Bank of Calcutta (UCB) has raised Its prime rate from 7 per cent to 7 1/4 per cent. This move by a relatively small bank In Singapore lends support to the actions of the three large banks who have preceded It In raising the336 words
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Article, Illustration651 1978-01-18 12 Reuter JAPANESE Prime Minister Takeo Fukuda yesterday criticised what he described as the Instability of the US dollar, and stated that Japan's plans for real economic growth of 7 per cent for this year is a target rather than a commitment. Speaking atReuter - 651 words
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Article688 1978-01-18 12 LONDON. Tues. Stock Prices declined, and at 3 pm, the Financial Times index was down 3.0 at 471.2. Long-dated government bonds lost up to one point while shorts finished 3/4 point down In continued reaction to the December UK trade figures. Leading Industrials dropped as much as 10.688 words
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Article, Illustration403 1978-01-18 12 RONNIE LIM - ■y RONNIE LIM SUPERMARKETS established by the Singapore Industrial Labour Organisation have proved to be one of its more viable ventures, and will be the main thrust of Its expansion this year. SILO's Multl-Purpose Cooperative Boc!ety will consolidate expansions carried out over the403 words
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586 1978-01-18 12 NYT AIICkICAN banks have U5537.7 billion (BStl billion) of unguaranteed loans outstanding to nonoil producing developing countries, and half the loans are In maturities of one year or leas, a survey by three bank regulatory agencies showed. The study, conducted jointly by the threeNYT - 586 words
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Article333 1978-01-18 12 AFP TIN PRICES should make the fastest rise among all commodities between now and 1900, according to the London Economist Intelligence Unit's special report on raw material prices In the 1080s In Penang yesterday, the Straits tin price fell a further MS2I to t1.870. $170AFP - 333 words
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Page 12 Advertisements
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Advertisement111 1978-01-18 12 Arc you Involved In the following business? Import/Export Finance Marketing Commodity Trading Portfolio Management Insurance Diamond Trading (General) Reel Estate Development etc. The Merchant Brokers Exchange with headquarters In London hee members In over 40 countries. Get maximum world-wide exposure by being a member of this international Institution and save111 words
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Advertisement1028 1978-01-18 12 SEE PAGE 2 China trade... a US$2O billion goldmine Here's how you can tap it In a series of bold moves, China's new leadership has embarked on an ambitious economic development program aimed at accomplishing the modernization of the country's industry, agriculture, technology and national defence. According to senior officials1,028 words
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