The Business Times, 20 January 1978
1978-01-20
1
12
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The Business Times
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Title Section11 1978-01-20 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY; JANUARY 20, 1978 50 CENTS11 words
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BRIEFLY...
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Article82 1978-01-20 1 AP WASHINGTON Thurs. The American economy finished 1877 virtually on target with President Jimmy Carter's administration forecasts, although the Increase in the gross national product In the final quarter was the smallest gain of the year. Growth In the economy for the entire year was an averageAP - 82 words
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Article32 1978-01-20 1 APP KUALA LUMPUR, Thurs. Japan ranked top on the list of foreign Investors In Malaysia, accounting for M 5434.7 million In 1976, Deputy Prime Minister Dr. Mahathir Mohamad said.APP - 32 words
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Article80 1978-01-20 1 AFP MANILA, Thurs. The Central Bank has adopted two measures aimed at breaking the Interlocking directorships In the Philippine banking system and the strength of family groups. Under the circulars, no person can concurrently be a director or officer of two or more banks of the same category,AFP - 80 words
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Article60 1978-01-20 1 AP BRUSSELS, Thurs. China and the European Common Market will open formal talks here on a five-year trade agreement on Jan 30 to set up a Joint committee to ensure the smooth running of relations. A spokesman for the European Commission the Common Market executive said the accordAP - 60 words
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Article73 1978-01-20 1 Reuter NEW DELHI, Thurs. Mrs. Indira Gandhi again refused to give evidence before the official commission Investigating her 21 months of emergency rule today and could now face up to six months In Jail. Former Chief Justice J.C. Bhah, who Is presiding over the commission, recommended theReuter - 73 words
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Article71 1978-01-20 1 Reuter ROME, Thurs. The Bank of Italy spent about US$3OO million (***** million) to support the lira In nervous markets last Thursday and Friday and on Monday this week before the government resigned on Monday. Official sources said this figure is substantiallyhigher than recent, more cautious estimates byReuter - 71 words
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Article52 1978-01-20 1 AFP BANGKOK, Thurs. Thai Premier Krlangsak Chamanand was today handed an official Invitation to visit Singapore for three days at the end of Th »l ln ltatlon was carried by Singapore Ambassador to Thailand, Mr. Chi 10 Kriangsak during a courtesy call at Government House thisAFP - 52 words
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Article83 1978-01-20 1 UPI NEW YORK, Thurs. Stocks headed broadly higher In heavy trading early today amid reports the economy well. But some Investors were uncertain as they waited for President Carter's State of the Union address. The Dow Jones Industrial average, which gained 7.28 points yesterday, was ahead 0.09 pointUPI - 83 words
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Chief Price Changes
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Article115 1978-01-20 1 Rises Most active Sanyo PvrlisPUat 300 180 392 201 209 +40 13 Inchcape Stme Darby 284.000 177,000 Cuhtef SKK^ +8 +8 +7 NBT Haw Par 132,000 111,000 Lim Ho* 203 +7 Total Turnover: 2.18 M CouPlul 486 +8 Total Value: S 4.30 M 81m Darby 330 +8115 words
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Article, Illustration155 1978-01-20 1 Rites Most active Sanyo 3.71 Roxy 2.10 Perils PH 1.83 Tasek 2.38 M Flour 3.32 NST 5.40 Kramat v s.go A Hltam 9.20 Lien Hoe 2.06 Tan Chong 2.94 Chersonese 2.36 Foils tflnsec 2.40 D Keramat 8.10 NBT 1.79 .36 +.23 +.14 .12 +.12 +.10 +.10 +.10155 words
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Article759 1978-01-20 1 JOHN TAN - U.S. STAMP OF APPROVAL ly JOHN TAN SINGAPORE'B investment climate has been highly commended by the US embassy, which gave very high ratings on all the Important factors that concern potential investors. The US ambassador here, Mr. John Holdrldge, also referred to Singapore as being759 words
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Article296 1978-01-20 1 THE 10 best Investments you could have made last year if you had a lot of money were sculpture, jade, tapestries, violins, postimpressionist paintings, the Rhodesi&.i dollar, porcelain, paperweights, carpets and antique silver, in that order. A New York publisher of world Currency Report, Mr.296 words
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781 1978-01-20 1 ARTHUR NG - By ARTHUR NG n BARELY two weeks after g trading In Pahang Consolidated was restored, the k Stock Exchange of s Singapore and the Kuala Lumpur Stock Exchange i yesterday announced they Y will lift the suspension on the shares of Pahang's former781 words
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Article132 1978-01-20 1 AFP GOLD faces bright prospect* this year as demand is expected to continue to grow faster than supply. A private study conducted by the Bancom Development Corp. in projected the average gold price this year at USflgO (*****.40) per troy ounce and added theAFP - 132 words
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321 1978-01-20 1 A US ooapuy which begin operations here repairing oil industry retrieval teds with u initial investment of $780,889 la July 1975, la to •et up a $4 million manufacturing plant. TrT-Btate Oil Tool (Singapore), whose parent ia Baker Corporation of the321 words
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505 1978-01-20 1 THE DIRECTORS of Jack Chla-MPH have decided to donate one per cent of the group's pre-tax pro flu or 150,000 to charity and other worthwhile causes as part of the company's Golden Jubilee celebrations. The chairman, Mr. Jack Chla, announced this to guests505 words
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Article75 1978-01-20 1 Reuter PHILIPPINE exports rote to U512.7 billion (SI6 32 billion) In 1977 from $2.1 billion in 1978. Preliminary Customs department figures compiled on the basis of declared shipments, show sugar exports rose to $472.75 million from f402.31 million on much higher volume, though no details of actualReuter - 75 words
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Page 1 Advertisements
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Advertisement7 1978-01-20 1 I COPIES ANYTHING. FITS ON A TABLE-TOP7 words
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Advertisement133 1978-01-20 1 When all banks are pretty much the same, ACBC service makes the difference. Everyone knows that ail banks offer pretty much .the same facilities to their customers. But what makes one bank better than the other is its service. Whether you are opening a letter of credit or you need133 words
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Advertisement80 1978-01-20 1 S3 SINTAT Rent-a-Car SEX BACK PAGE DBS-DAI WAS MANUAL DBS W77 eomow 200 SiNGAPORE AND MALAYSIA STOCKS m um stoKTft vtcmktmmi imtei H-C: mm i* *11 iffr r p rr A- M l >Vf w jHg -M* >&&*£+ INTERNATIONAL LIMITED JOOIOM 517, DM BUILDING, SHKNTON WAY, SPORE I VWE WISH80 words
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TRADE AND INDUSTRY
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Article, Illustration463 1978-01-20 2 JOHN LIM - By JOHN LIM THE recent 14-member Singapore timber and home furnishing mission to the US secured orders amounting to $2.5 million and potential orders of about $10 million. The mission marked the successful completion of the pioneer market penetration programme Jointly organised by463 words
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Article530 1978-01-20 2 Reuter TAIWAN, diplomatically isolated but still trading with 140 nations, has predicted a growth rate of almost 9 per cent for this year. With Peking and Washington at present marking time in the normalisation process, the economic planners on this island state of 16.5Reuter - 530 words
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Article56 1978-01-20 2 A COMPLETE mint act of ■11 the Singapore commemorative and special postage stamp* issued last year will be placed on sale at all post offices from Monday at $10.15 each. Each set in a specially designed pack is mounted in a high quality protective strip. These souvenir56 words
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271 1978-01-20 2 Reuter THE Malaysia* government has ordered farmers in the Muda irrigation aran not to plant an off-season rice crop this year because of the continuing drought there. The government decided last week that the off-seaaon crop would have to he suspended. Last yearReuter - 271 words
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Article235 1978-01-20 2 MALAYSIA'S Federal Land Development Authority confirmed market reports that It signed a contract with India's State Trading Corporation to sell It 60,000 tonnes of crude palm oil over a one-year period. A spokesman of the development authority said the oil would be supplied at a rate235 words
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Article, Illustration398 1978-01-20 2 OVER THE last four years, there was an average of 3.055 fire outbreaks annually causing losses of more than $20 million a year. Speaking at the opening ceremony of the Industrial Fire Safety Campaign yesterday. Dr Ahmad Mattar, acting Minister for Social Affairs, said that398 words
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203 1978-01-20 2 Reuter HONOKONQ'S economy, buffeted by protectionism and sagging overseas demand. can only look forward to moderate export growth this year, a business leader said od Wednesday. But the textile Industry, hit by a recent restrictive agreement with the European common market, will haveReuter - 203 words
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Article137 1978-01-20 2 MR. S.J. Collop. secretary of membership and education of the Institution of Works Managers (IWM) in the UK Is arriving here tomorrow for a seven-day official visit. While in Singapore, he will meet principals and lecturers of the Singapore Polythecnlc. Ngee Ann Technical College and137 words
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332 1978-01-20 2 Reuter SOME market sources In London forecast Malaysian crude palm oil shipments will decline by about 00 per cent over the next few months. The sources base their prediction on continuing poor domestic production caused by adverse weather, particularly during the latter partReuter - 332 words
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533 1978-01-20 2 Reuter THE PHILIPPINES has halved its surplus sugar stocks In the past 12 months to ease the pressure on one of the main export businesses in the country. Well-informed industry sources said yesterday that the important reasons appear to be huge increases in salesReuter - 533 words
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Article166 1978-01-20 2 COURSES AND TALKS DATES TITLE Jan 4-23 Managing Conflict In J LOCATION Thong Teck Bldg. ORGANISER SIM Industrial Relations 7,14 21 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 Hotel166 words
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Page 2 Advertisements
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Advertisement93 1978-01-20 2 MITSUI TRUST Beacon of Progress wm> The Only Japanese Trust Bank Office n<l \>\. H in Singapore. '5 f .i, .f' V:* V* -a* We are Japan's oldest trust bank and command a toy position in tha Mitsui Group. Our services ara worldwide m scopa. We hava tha rasaarch capability,93 words
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Page 2 Miscellaneous
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Miscellaneous607 1978-01-20 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I Wild animal? Beat shut one in (5) 8 He-man king (5) It Mean to get drunk (5) II A deserter long tailed (3) 12 Might he do the bride's hair? (B) II Relocation of tome REME station In London (7) IS Approaches, having pointed607 words
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OVERSEAS
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560 1978-01-20 3 Reuter THE LUXEMBOURObaaed Eurobond Clearing Bystem's (Cedel) Introduction of a collateral overdraft facility has become effective with the backing of -eight unspecified banks. Cedel sources said the oanks have offered contracts to clients who may be interested in the scheme which enables participants 'toReuter - 560 words
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Article654 1978-01-20 3 Reuter NYT NEW YORK City's prospective budget gap for the fiscal year beginning July 1 has doubled to almost US$l billion (512.35 billion). The new total follows receipt of notification by the city's bond counsel that he could not certify the proposed saleReuter; NYT - 654 words
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Article200 1978-01-20 3 UPI US ambassador-at-large Elliot Richardson said on Wednesday In Cincinnati if a worldwide conference on seabed mining rights does not produce a treaty to America's satisfaction, It will start mining on its own. "We have the means at our disposal to protect our ocean interests if theUPI - 200 words
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WORLD IN BRIEF
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Article452 1978-01-20 3 Agencies THE National Power Corporation (NPC) of the Philippines yesterday threatened to sue publications Insinuating anomalies accompanied Its negotiations with Westinghouse Electric for building a US$l.l billion (512.59 billion) nuclear power plant in the Philippines. The NPC threat of legal action followed published reports In theAgencies - 452 words
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700 1978-01-20 3 Reuter UPI THE percentage of US consumers who believe the economy will get worse before It gets better fell to 41.2 per cent last month from 48.(J per cent In November. A Citibank survey show-! Ed that those expecting the outlook to ImproveReuter; UPI - 700 words
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Article235 1978-01-20 3 AP THE Soviet Union has been getting loans from the West at advantageous rates and will be looking for additional credits, a British economist said. Mr. Everett Jacobs of the University of Sheffield said on Wednesday that the Russians want "compensation agreements," which provide the creditsAP - 235 words
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Article171 1978-01-20 3 Reuter BRITISH businessmen will discuss the future of pay policy after the present 10 per cent government guidelines end in July. Director general of the Confederation of British Industry (CBI) John Methven said the March meeting of the CBI supreme council will determine the confederation'sReuter - 171 words
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Article213 1978-01-20 3 AP KEY American energy ;legislators had vowed on Wednesday to make an allout effort during this congressional session to break a deadlock that has stalled President Carter's energy programme. Mr. Carter is expected to Rrod Congress into nlshlnc action on the energy bill In hisAP - 213 words
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322 1978-01-20 3 Reuter JAPAN ud Switzerland believe the US should intervene in foreign exchange markets significantly to support the American dollar against sharp rises in Um yen and Swiss franc. Bank of Japan officials •aid this became clear following mooting between the bank's governor, TeiichiroReuter - 322 words
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1167 1978-01-20 3 Panic covering if recovers too early FAR EAST LIKELY TO BE HIT Reuter A UK banker feared that If the dollar recovers earlier than expected It will cause panic covering In foreign exchange markets. The chief foreign exchange dealer of Barclays Bank International Ltd., said: "A recovery In the dollarReuter - 1,167 words
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Page 3 Advertisements
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Advertisement208 1978-01-20 3 Accounts accuracy. Now tighter. E( 4 I Vr ■s r. v M i /v. i£ si 1 1 3** iE*? 4: h v Every accounts department has a thousand and one things to do: deadlines to meet, facts to control, data and documents to produce. All must be done with208 words
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RAW MATERIALS
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Article314 1978-01-20 4 OPENING prices In Singapore yesterday were marked down following easier London advices and fell further on stale bull liquidation. Prices, however, recovered some two cents following market reports of an Impending East European order, dealers said. Speculative, trade and some hedge buying also contributed to314 words
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Article366 1978-01-20 4 Prices In cent* per kilo yesterday: Noon Cloee (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R S S prompt f.o.b. 203 00 203 50N 201 00 201 SON Int. 1 R.S.S. February 203 00 203 50 201.00 201.50 Int. 1 R.S.S. March 203 00 203.50366 words
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Article104 1978-01-20 4 NOON SSR and SMR prices yesterday: February March RA8 (Current Mth) (Foi rward Mth) Buyer* Seller* Buyer* Seller* (cents per k<) (cm nUpaekc) SSR 20 (1-ton pallet) 194.50 196.SON 195.50 197.50N SSR 50 (1-ton pallet) 192 50 194 50N 193.50 195 50N MRELB SMR5CV (1-ton pallet) *****104 words
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Article30 1978-01-20 4 Rubber: Jan 19 Singapore: February 201.00 cents (down 1.50 cents) Malaysia: February 203.00 cents (down 1.25 cents) Tins: 51.690 (down SI) Official offering: 240 tonnes (down 18 tonnes)30 words
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Article207 1978-01-20 4 BANGKOK rice prices were quoted as follows yesterday: (Prices In US dollars per tonne FOB basts Bangkok) Whit* Rice: 100 pet Ist clan 370, 100 pet 2nd class 355. 100 pet 3rd class 350. 5 pet 341. 10 pet 323. 15 pet 320. 20 pet 317. 25 pet 315.207 words
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Article466 1978-01-20 4 COPRA and coconut oil prices were further marked dowri In a generally quiet and featureless Singapore produce market yesterday. The general undertone of the market remained barely steady. The latest marking-down exercise by the Singapore Chinese Produce Exchange (SCPE) brought local prices more In line with those prevailing466 words
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Article293 1978-01-20 4 TERMINAL sugar In London yesterday opened f0.25 to £0.60 down from Wednesday afternoon's closing levels. Turnover totalled 600 lots. Values opened slightly below kerb levels under trade selling interest but, once this was absorbed, the market quietened and held steady, dealers said. The London dally raws and whites prices293 words
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Article62 1978-01-20 4 C.I.F. US dollars per ton LONDON Malaysia 5% ffa bulk March Sumatra 5H ffa Jan Feb March April May June Nigeria 5% ffa bulk ROTTERDAM Sumatra Feb Zaire (Belg francs per kito) Wednesday SOOalr 525 522 50pd 500atd 500/502.50pd 482.50/495 pd 475pd 470/475pd unq 510pd unq Prevtott* 510/50262 words
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Article222 1978-01-20 4 ROBUST A futures In London yesterday opened mostly £10 to £22 down from Wednesday's close although spot January was £4 up. Turnover was 272 lots and the official tone •"slightly steadier." Spot Jan managed a £4 grain after Wednesday's shake out where this position lost £40 by the close.222 words
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Article155 1978-01-20 4 TERMINAL cocoa finished first call in London yesterday £4.50 up to £2.50 down but steadied on mixed short-cawlng and price fixing support In moderately active opening trading. Market sources said the resale actuals market was fairly quiet despite ample nearby offers at slightly narrower terminal based premiums. The sources155 words
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Article169 1978-01-20 4 SUOAR futures yesterday closed sMghtly easier with losses ranging from 0.01 to 0.02 US cents In quiet trading. Prices fluctuated narrowly with trade houses on both sides and local brokers In active, while July was untraded. Sugar futures closing price* PhiWM CMH McM 8 50 52 9.51/51 May169 words
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Article202 1978-01-20 4 YARN and cotton In Hongkong dollars, spos ex-godown latum tan: China Blue PTjoenlx ID s 1.110. 32 s 2.010. 40 s 2.000 (per or 400 RM). PteeeCuts' China Butterfly and Olobe Brand unq. Dragon Head unq. Dragon Head unq. Flee Lambs unq. Flower and Butterfly unq. Flying Oeese202 words
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Article62 1978-01-20 4 SOYBEAN futures In Chicago on Wednesday fluctuated to either side of Tuesday's close before ending the session 3* to one cent a bushel higher. Soybean meal futures closed U850.40 to SI 50 a ton higher while oil future* fell 0.00 to *.10 cent a pound. Meal derived some support62 words
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Article39 1978-01-20 4 WHEAT futures ended the session narrowly mixed, cent a bushel lower to one cent higher In Chicago on Wednesday. Price* moved In a narrow trading range to either side of the previous close In the day's light trading.39 words
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Article203 1978-01-20 4 COPPER wire bars finished the morning In London yesterday showing losses of £12 for cash and £11.50 for Three Months. Values declined on the pre-market to £605 for Three Months under scattered liquidation prompted by generally poor sentiment and continued lack of significant consumer demand, together with a steadier203 words
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Article156 1978-01-20 4 SILVER in London yesterday was unchanged from previous closing levels. Prices fluctuated narrowly in modest activity. Higher gold was a sustaining Influence in the face of firmer sterling against the US dollar and a relatively low bullion dealers' fix, trade sources said. Carries boosted turnover to 31 lots. On156 words
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Article128 1978-01-20 4 THE STRAITS tin price in Penang yesterday fell MSI to $1,690 per plcul, on an official offering down 18 tonnes to 240 tonnes. In LONDON yesterday, tin fell £32 for cash and £45 for Three Months In both contracts. After trading down to £6,200 for Three Months standard,128 words
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Article367 1978-01-20 4 THE KILO BAR In Singapore yesterday opened at 5513.037 and rallied to a high of 5513,134 before cloaIng lower at 8113,100. In the London market, the metal opened at U*****.75/ 172.05. Buying Interest appeared at this level and pushed prices to a high of U*****.05/35 after which profit-taking appeared367 words
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Article80 1978-01-20 4 LEAD on the morning In London yesterday Tost £14.50 for cash and £15 for Three Months. Three Months traded down to £338 per tonne although good underlying trade support was evident at the scale-down. On the early pre-market, there was some covering against the reported sale to USSR of80 words
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Article87 1978-01-20 4 ZINC finished the morning with all round losses of £10.50 per tonne In London yesterday. This metal came under stop-loss and chart selling throughout the session with Three Months trading down to £260 per tonne before profit-taking purchases cushioned the fall. Sales of 2,600 tonnes were boosted by carries.87 words
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MONEY AND EXCHANGES
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Article538 1978-01-20 4 THE US dollar was again subjected to speculative pressure on the foreign exchange market yesterday. Though It was quiet for most part of the morning, trading picked up when London opened. Against the Japanese yen, the dollar opened at 242.20/40 and moved up to 242.40/50, before London trading538 words
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Article53 1978-01-20 4 acm- 1 AIMW Bask 1 Otikuk *"4 Baagkafc Buk T HHRT 1 Bask of America T Indooucs i i i i f Buk of China Malayan Bukln Mitral Baak 1 Buk of Tokyo 7 Buk Nafara OCBC «s INOMlil Ckartorod Bask 1% OUB UCB 7H T UMBC53 words
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Article164 1978-01-20 4 Asian rates ASIAN currency deposit interbank rate* as at close on Jan l»: L'8 Dollai Offer T days 1 mth 2 mths 3 mths 8 mths mths 12mths 7 3/16 7 3/16 7 vie 7 1/2 7 11/16 7 7 7 15/16 Sw. Frv INIMb 71/16 71/16 7V16 7 3/6164 words
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Article98 1978-01-20 4 Euro rates NEAR term period deposit rates were adjusted higher on technical considerations while other rates showed little change in light trading yesterday. Overnight and weekend rates were quoted at 20,10% per cent and 2*. 2% per cent, respectively. Eurodollar depoalti opening quote* on Jan 10: Overnight 10-15/10. 10-13/10 WeekentOV98 words
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Article43 1978-01-20 4 FRANKFURT exchanges opening quotes on Jan 10: us x int/a (2 !»*«•> SU4 OK 116 D>l ««fM S Ft 1*6.00/10* 00 Lit 2 44/40 r Pr 44 77/07 N Kr 4122/12 B Pr (con) 0.490/400 B Pr (fin) 0 45/47 Ten 0 MOB/SO43 words
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Article205 1978-01-20 4 THE DOLLAR opened marginally firmer against major currencies In quiet trading yesterday, with operators reluctant to take positions ahead of President Carter's State of the Union speech last night. Sterling was quoted at U551.9218/28, down from 1.9240/50 overnight but up slightly from the early level of 1.9205/15. The dollar205 words
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Article178 1978-01-20 4 THE DOLLAR, after having firmed In the morning on profit-taking, closed sltghtly weaker on Wednesday following news that Egyptian President Sadat had recalled his Foreign Minister from Israel. Sterling closed at U551.9250/65, little changed from Tuesday night's closing of 1.9270/90 but above the day's opening of 1.9189/ 9202.178 words
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Article150 1978-01-20 4 THE US dollar yesterday closed slightly stronger against the mark and sterling but trading was very slow ahead of President Carter's State of the Union message. The unit finished at 2.1335/45 marks compared with 2.1315/25 in New York, at 242.30/40 yen against 242.25/45 and at 1.9200/15 against sterling up150 words
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Article90 1978-01-20 4 THE DOLLAR for overnight delivery yesterday closed at 242.35 yen, down from a 242.50 opening but above 242.10 at Wednesday's close. Trading was quiet with volume $182 million. No Central Bank Intervention was detected. The dollar for immediate delivery closed at 242.35, compared with 242.40 at the opening and90 words
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Article60 1978-01-20 4 AUSTRALIA/NZ exchanges on Jan 18: AUBTRALIA: US dollar 1 13*7/ 1 1130 Sterling 0 9*33/ 0 MM Ninety-day air mall bujrtng rale* Sterling 0 MM US damr 1 I**7 Ninety-day forward buying rate*: Martini t«io US dollar 1 1310 NEW ZEALAND Sterling .5311/ 0 5203 US dolar 1 0244/60 words
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Article60 1978-01-20 4 ZURICH exchanges closing quotes on Jan 18: US 2.0136-0.00 stg inn-mi Can 1 (296-0328 D Mk 04 3070-5*36 D Fl 00 *****236 F Pr 42 3440-49 M B Ft 6.00*4-1032 D Kr 34 (115-CHO N Kr 3* 07*2-0611 S Kr 42.0*02-00*3 Ut 0 2301-2300 Aus *ch 13 1472-1040 Port60 words
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Article261 1978-01-20 4 Eurobond prices quoted on Jan IV: Straight* HM Offcr Shell i*. SO 96.62 67.12 SNCF8V84 96 00 96.50 F toons itf 10% 87 99 25 100.00 Inco9K 96.25 66.75 Incog*, M 96.12 66.62 Sparbankernmsgtfc 88 97.00 97.75 96 87 97.37 EIB8V 93 96.67 97.37 Flsons 8S92 M.OO 94 75261 words
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Page 4 Advertisements
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Advertisement187 1978-01-20 4 M 1 V n i v > < *ti >* y *^S i*: r > j-jI s*^r> f<! <~*o ,*v 5? •r r 2 t jy a fe T 4 •4dM «'jr* ill! I. Efficiency Plus Office furniture says a lot about the efficiency of the business it belongs to,187 words
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TRANSPORT
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Article, Illustration407 1978-01-20 5 QUEK PECK LIM - "y QUEK PECK LIM THE LATEST Investment tip now being punted around London is not currency, art treasures or stamps. It's ships. Despite the gloom and doom evident In shipping statistics detailing the disasters evident In shipownership, canny investors are slowly picking up a407 words
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568 1978-01-20 5 THERE was a sharp 27 per cent fall In the number of ships ordered throughout the world last year. They totalled only 1,332 cargo vessels over 1,000 tonnes deadweight compared with 1,827 the previous year, according to Falrplay International Records and Statistics. Japan's568 words
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Article, Illustration716 1978-01-20 5 GOH ENG KEE - Br GOH ENG KEE ONE SECTOR of the shipping industry appears to be bobbing In new and different directions at each phase of Its development. In these hard times, the modern general cargo sector has thrown up hybrid carriers which amply testify to716 words
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374 1978-01-20 5 RAHIM KASSIM - ®y RAHIM KASSIM THE Singapore Port Workers Union (SPWU) will launch a worker-exchange programme with other Asean and Asian countries this year to Improve productivity and efficiency of Its members. This will be Its biggest project this year ana Is planned to coincide with the374 words
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Article, Illustration305 1978-01-20 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Mas (1800) 19 Kristin Bakke (0800 47 Nedlloyd Ebro (1930) 8/9 Ocean SuDply (B. Barge) (0700) 43 Palm Sea Horse (Tanker) (0600 after LS 74) 16 pluma Rico (H3QP) (after Altalr Jeanne Labourbe) 38/39 Shoko Maru (Tanker) (1800 P/O subject gas free)305 words
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Article230 1978-01-20 5 AP TIME-CHARTER business remained the mainstay of an otherwise slow London freight market on Wednesday. In Europe, Delta booked the 27,135 dwt "Wanderer" at U554,050 (559.315) per day for a January trip from southern Spain to the Persian Gulf, while unspecified charterers paid $4,000 per day toAP - 230 words
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188 1978-01-20 5 Reuter AIR France announced on Wednesday that It will buy 13 Boeing 737 airliners from the US for US$l5O million (***** million). The state airline won a long-running battle with the government over replacements for its ageing fleet of French-built Caravelle planes. AirReuter - 188 words
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Article53 1978-01-20 5 NEW rules governing the amount of hand baggage aircraft passengers leaving Hongkong are allowed to carry abroad are to be Introduced by all airlines from March 1. Pass enters will be relieved of all luggage which falls to fit into a container measuring 22.5 cm by 35 cm53 words
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Article754 1978-01-20 5 ARRIVALS Service luteal From Operator Number Time KAL KE807 0015 SEL PAA PA005 0215 SFO/HKO CAL CI 331 0040 TPE/HKO/KUL MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL OIA OA08O 1030754 words
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Page 5 Advertisements
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Advertisement134 1978-01-20 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Coll us for your local c onward reservations ry-'c? Near the new flyover at Bukit Timah/Farrer/Adam Road junction At 4V2 miles Bukit Timah, opposite Chinese High School. "W FIRST CLASS RESIDENTIAL AREA SPACIOUS GARDEN Most Ideal And Luxurious Split-level garden Houses134 words
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504 1978-01-20 6 UNLESS Singapore's shipyards can offer more attractive credit terms, It Is clear that they will continue losing orders to the West. The recent $250 million tanker order by a local shipping company to Swedish yards is a chilling reminder of the discrepancies that504 words
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Article185 1978-01-20 6 DIRECTORS of public companies must at all times regard themselves as guardians of shareholders' funds and not engage In irresponsible activities for their own ends. If Singapore's, or for that matter, Malaysia's efforts to attract foreign investment are to achieve any degree of success, it185 words
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Article, Illustration2166 1978-01-20 6 CHAMBERS of commerce are important to any trading nation in Singapore, there is not one chamber of commerce, but four, reflecting the Republic's multi-racial origins. In February, however, these four chambers will establish one joint formal body, a Federation of Chambers2,166 words
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Page 6 Advertisements
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Advertisement562 1978-01-20 6 9>l U2. .V J5•nyi B^-anp r\r7 If 1 1 ;v;' *,i f@m. Onchid inn "•n OMil in th« ort*nf' 214 Duneern Road, 9'pore 11. Tel: 53U22 Moby Dick (24 Hr. Co(fee House) Whet your appetite with our wide variety of Inter-Continental food laid on our buffet lunch table dally from562 words
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Advertisement129 1978-01-20 6 SNGAPORE HLTON 181 Orchard Road. B'pore 9. Tel: *****3 Top of the Hilton Amral's Trinidad Cavaliers January 10 31. Amazing sbunds from steel drums, flaming limbo dances done at the height of a soft drink bottle. A sensational performance for the wholeTamlly. Showtime: 12.45pm Luncheon Show and Caribbean Buffet Adults129 words
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Page 6 Miscellaneous
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Miscellaneous63 1978-01-20 6 WE A THER outlook for Singapore from 6 am to noon today:- Mainly fair. Report for 24 hour* prior to 7.30 pm on Jan 19 at the airport. Maximum Temperature 30.9° C Associated Humidity 68 Minimum Temperature 23.2° C Associated Humidity 96 Hours of Sunshine 10.80 Rainfall in Millimetres nil63 words
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Miscellaneous259 1978-01-20 6 TNwmwm SINGAPORE 5 3.00 P.M. Opening announcements followed by housewives' matinee Memory of Love (Mandarin Repeat) 4.45 Intermission 6.05 Opening announcements followed by Exercise with Gloria 0 6.30 News in Brief 0 6.35 Hazel (Repeat) 0 7.05 Serbanika (Malay) 0 7.30 News and Newsreel (Malay) 0 7.55 Sports Parade (English)259 words
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Article, Illustration1992 1978-01-20 7 HERE 18 WHAT the Americans think of us, in a report on the Singapore investment climate originating from the Singapore US embassy and signed by Ambassador John Holdrldge. The report has gone to the US Department of State and to US embassies in Bangkok,Source: US Embassy - 1,992 words
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585 1978-01-20 7 Letters to the Editor Dear Sir, Now that the shares ot Pahang Consolidated have been officially listed, we are wondering whether the Business Times can advise the poor shareholders of Faber Merlin on the following point: We understand that the only reason why the585 words
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Article, Illustration810 1978-01-20 7 IF YOU observe a queue of irritable old age pensioners, senior citizens In wheelchairs and old fogies with walking sticks outside the Cockpit Hotel one day soon, don't be surprised. They'll be lining up for their six-month supply of Horllcks and hamper of Beecham medicines, tonics810 words
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Page 7 Advertisements
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Advertisement388 1978-01-20 7 J ss TNI HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8. HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scotti Road, Singapore 9 Tel: *****1. HOTEL GRAND CENTRAL 22 Orchard/Cavenagh Roads, Singapore 9 Tel:388 words
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Advertisement12 1978-01-20 7 Armagnac Brandy The original Armagnac brandy of France. Anothar quality product from12 words
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Page 7 Miscellaneous
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Miscellaneous38 1978-01-20 7 Bribtow I'j jit'if, uMeacs vcw uiOOßun, IVt FWro'S BCSTpii 03LKD PKttUEIE Pto rrvuuTi ft3KUWMER.. .p j 5m -«r iA m 2A WEJS GOhie OOUN u>»Tv4 %4€ f^VSTtRiouS lantss lUPST seems to p>e?«r evegy chestecp»u touKDec when fesome WORK..38 words
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INTERNATIONAL STOCK MARKETS
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Article474 1978-01-20 8 HONOKONO: Share prices rose «galn In moderately active Aradlng yesterday with interest Continuing to centre on highyield property shares, dealers said. Buying Interest In property shares has been noted since record prices were reached at government land sales on Tuesday. Among the property shares. Cheung Kong rose 10t05.40, New474 words
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Article478 1978-01-20 8 TOKYO: Share prices closed mixed yesterday in moderate trading, dealers said. The Dow Jones average was 5.066.15, up 3.04, with volume of 320 million shares. The New Index was down 0.32 to 376.M. There was selective buying Interest In blg-capltals, but export-orientated shares fell on profit-taking after Wednesday's gains.478 words
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Article333 1978-01-20 8 SYDNEY: The market closed mixed In quiet trading with BHP falling two cents to A 45.38 while the Wales rose six cents to $5.26, on Thursday. CBC eased slightly while ANZ rose five to $3.48 and Am*til three to $2.28 on results while retailers and brewers also firmed. Utah333 words
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Article110 1978-01-20 8 THE Manila market report wis unavailable yesterday. JAN it Pesos Aco)e Mining 006 -0 0002 Atlas Con. A 13.70 -o.« Atlas Con B. 1400 -0.2 Bagulo Gold 0064 -0 0002 BenguctCon. B 21.40 -0.1 BF Ooodnch U.JO ♦•.1 CDCP Inco B Lepanlo B 1430 -0 0025 M&nnduque B 400110 words
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Article160 1978-01-20 8 JAN It Bahts Asia Fibre 271 4-1 Bangkok Bulk 303 -S Bangkok Invest 358 -18 Bangkok-Metro-politan Bank 3610 unch Bata 750 unch Bern J ticker 51* ♦8 Carpet Intnl Charoong Thai Wire 340 10 Dumex DusltThanl 324 4-0 Faber Merlin First Trust 406 +2 Genera Finance 370 Indo-Thal 400160 words
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Article326 1978-01-20 8 AMSTERDAM: Share prices closed mixed with a lower bias In generally quiet trading on Wednesday. Dutch Internationals edged lower, except for Unilever which closed unchanged. Among shippings KNSM closed over six guilders higher on an announcement that the •company Is not pessimistic about 1978 after a first 1977 half326 words
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Article151 1978-01-20 8 BRUSSELS: Belgian share prices were higher in more active trading on Wednesday bourse sources said Sidra, Unerg, Clabecq, Wagons-Liu. Socfi Salvay nm, but Vieillc Moatagae, FN. TeMcoderioo and Arbed fell. In foreign stocks, UK, Germans, Dutch and French were little changed, US were higher Gold mines fell. Petrofiaa and151 words
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Article303 1978-01-20 8 FRANKFURT: Shares .were tower following profit-taking and weaker foreign demand on Wednesday Mortgage bank shares were firmer, but moat other banks lost up to 0.50 marks Exceptions were BayertsclM Vereinibank which lost four marks. BHF Bank 3.90 and Bay*riache Hypo bank two marks. Chemical shares closed up to 1.0303 words
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Article327 1978-01-20 8 PARIS: The market was mixed to slightiy higher after several days of easier prices on Wednesday. Utinor was again at limit up following the promise of further state help for the steel Industry. Banks, foods and motors firmed while chemicals and constructions moved easier on balance. The gold-linked 4.5327 words
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Article1058 1978-01-20 8 NEW YORK: A combination of bargain hunting and Wall Street optimum about the U8 dollar's recent stability in foreign currency centres on Wednesday produced the stock market's broadest rally In 1978. The Dow Jones Industrial average, which managed a better than seven-point advance on Tuesday moved ahead by1,058 words
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Article1264 1978-01-20 8 January 18 OPTION JAN APL JLY STOCK Alcoa A lco« Alcoa Alcoa AM Tel Am Tel Am Tel Am Tel AUR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank Am Bank Am BeUiS Beth 8 Beth B Beth 8 Beth 8 BetluS Burroughs BurroufhJ1,264 words
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Article181 1978-01-20 8 MILAN: The market closed generally higher in rather nervous but fairly quiet trading on Wednesday Meatadieea rose sharply to 147.15 lire against Tuesday's 142 on rumours of foreign buyer interest while Bastagi moved marginally lower. Other leading industrials such as Plat, both Pirelli and Olivetti gained ground but Aaic181 words
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Article361 1978-01-20 8 JOHANNESBURG. Gold shares fell following the lower bullion price and profit-taking, with latest quarterly results discounted on Wednesday Financial minings eased In line with producers. However, against the trend Johnmim rose 50 cents reflecting the strength of the platlnlum market, dealers said. Platinlums were off the top towards the361 words
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Article286 1978-01-20 8 ZURICH: Stock prices advanced over a broad front bolstered by the recovery of the dollar on Wednesday. Financials gained, led by Elektrowatt, Forbo "B" and Motor Columbus. Banks and Insurances rose while utilities including A tel. Kw Laufanburg and E| Laufenburg extended their recent advance Leading Industrials edged higher286 words
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Article296 1978-01-20 8 TORONTO: Share prices closed fractionally higher In moderate trading on Wednesday. The composite index was up nearly two points and advances outnumbered declines 220 to 145. The oil and gas Index was up 16 points. Its largest rise since Dec 28. Analyst* attributed activity In oil shares to the296 words
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Article54 1978-01-20 8 FINANCIAL TIMES INDUSTRIALS Wednesday 4* 3 Tuesday 470.9 Week Afo 487.2 DOW JONE8 AVERAGE INDUSTRIALS Wednesday 7M.30 Tuesday T»tft Week Afo 77&.M LONDON DOLLAR Wednesday 79 to 7*W Tueeday 71* to 7** H.K. HANG SXNG Wednesday 907.06 Tuesday 308.37 Week Ago ***** SYDNEY INDUSTRIALS Tuesday 404.50 Week Ago 403.4054 words
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Page 8 Advertisements
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Advertisement107 1978-01-20 8 OPPORTUNITY FOR A SOUND INVESTMENT IN JURONG TOWN factory buildings for G <§ale or c l{ent Suitable for manufacturing, servicing, storage and l related operations Competitive and low sale prices/rei^®^ T!?cQ I Latest designs/ f Self-contained mod«tfS^ifi36 I MJ 18% only for owner--***** to 80% from financial institutions oM&i. AOO107 words
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INTERNATIONAL COMPANY NEWS
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Article494 1978-01-20 9 NORTH AMERICAN COMPANIES Reuter BANKAMERICA Corp., holding company for the world's largest private bank, on Wednesday said It bad a 16.2 per cent gain in [ourth quarter profits and a 17.0 per cent gain for the year. The bank's fourth quarter profits from operations totalled US$lOB.BReuter - 494 words
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528 1978-01-20 9 r ASIAN COMPANIES AFP HONDA MOTOR has announced plans to step up overseas production of .1 motorcycles and purchases of parts produced abroad. r-Honda also said It should promote the export of motorcycles made at Its overseas plants to third Jjduntrles. Honda officialsAFP - 528 words
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Article77 1978-01-20 9 MITSUBISHI Motor Corp said it has signed a 600 million yen contract to export 400 Jeep-type vehicles to Sri Lanka for shipment in March and April. The vehicles, powered by diesel engines of up to 2,700 cc capacity, will be used for land development and port construction77 words
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Article48 1978-01-20 9 Reuter OAKBRIDGE Ltd in a statement to the Sydney stock Exchange said it is not aware of any reason for yesterday's sharp rise in Its share market price. Oakbridge shares rose Al6 cents to $1.85 in the morning. The company was answering an exchange query. Reuter.Reuter - 48 words
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Article174 1978-01-20 9 AP THE FIJI government has announced It will nationalise the Emperor Gold Mining Company and mine workers have agreed to return to work. Prime Minister Ratu Sir Kamisese Mara flew to the mining town of Vatukoula. 95 km from Nadi on the main Island of VitlAP - 174 words
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Article109 1978-01-20 9 Reuter THE GILLESPIE Brothers Holdings board said It unanimously supports the proposed merger with Fielders Ltd, rather than the takeover bid from Allied Mills. It intends to accept the Fielders offer for its own shares and has been informed by Gillespie family interests they will fully supportReuter - 109 words
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Article220 1978-01-20 9 BONDS AND LOANS- Reuter PETRO LEOS HME XICANOS (Pemex) is expected to award the mandate within the next few weeks for a Euromarket borrowing of .between US$5OO and $800 million over 10 years, banking sources said. Some 16 international banks have been invited to explore theReuter - 220 words
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Article91 1978-01-20 9 AFP THE Canadian Province of Manitoba has lioatea a yen-deno-minated bond worth U5562.5 million. Nlkko Securities Co., the manager of a Japanese syndicate, said. A contract to that effect was concluded on Tuesday in Tokyo between the officials of Manitoba Province and the Japanese syndicate. ProceedsAFP - 91 words
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Article31 1978-01-20 9 Reuter THE Occidental International Finance NV's US$5O million five-year Eurobond was priced at 99 per cent and has an BVt per cent coupon, lead manager Dean Whltter International said. Reuter.Reuter - 31 words
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Article81 1978-01-20 9 THE French state-owned Caisse Natlonale de Telecommunications is negotiating with Japanese banks to raise around US$3O million or more likely, the yen equivalent, bankers said. A dollar deal would probably carry a H point spread over Eurodollar offered rates for a five-year life like the first81 words
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Article120 1978-01-20 9 Reuter THE US$lOO million Euromarket credit for the foreign trade Bank of Romania is likely to have a fiveyear maturity and a spread over London Interbank Offered Rates of per cent for the first cent for the next two, Euromarket bankers said. Lead manager National.Reuter - 120 words
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Article79 1978-01-20 9 COMENO Holdings said It plans a one-for-10 bonus share issue from its tax free reserves which would rank for dividend immediately on issue and thus qualify for the interim dividend payable In April. The company anticipates dividends will be maintained for the forseeable future on capital Increased79 words
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Article45 1978-01-20 9 UPI KONISHIROKU Photo Industry Co. has Inaugurated a wholly-owned subsidiary In Hongkong to sell colour film and photographic papers. The company said Konishiroku Far East, capitalised at HK$4OO,OOO, is its sixth subsidiary overseas. The new firm will start business in a few days. trnrUPI - 45 words
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Article58 1978-01-20 9 Reuter DAIICHI Chuo (Cayman) Ltd's US$2O million seven-year Euronote issue was priced at 99 per cent and carries a coupon of BVfc per cent as indicated, lead manager Sumitomo Finance International said. Dallchl Chuo (Cayman) is a wholly-owned subsidiary of Daiichl Chuo Kisen Kal Sha and theReuter - 58 words
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Article50 1978-01-20 9 Reuter CZECHOSLOVAKIA is raising a US$l5O million sevenyear syndicated credit with a spread of three quarters of a point over London Interbank Offered Rates. Banking sources said the loan, which has not been signed, is managed by Credltanstalt Bankvereln which has refused to comment on the report.Reuter - 50 words
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167 1978-01-20 9 XEROX Corp's profits for the fourth quarter and full year 1977 will be In line with Wall Street analysts' expectations. A company spokesman said Xerox anticipates raising 1U current US4O cents quarterly dividend in 1978, and over the next five years, the dividend payout167 words
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Article105 1978-01-20 9 REPUBLIC Steel Corp. blamed higher imports, iron ore field strikes and last winter's bad weather for a 37.7 per cent dip in 1977 profits. But the company's fourth quarter figures indicated that things were improving. Its quarterly profits Jumped 01.8 per cent from the 1978 period to105 words
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Article151 1978-01-20 9 AMERICAN Motors Corp. will switch irom Volkswagen to General Motors four-cylinder engines at the start of the 1960 model year, AMC said. John Plchurskl, a company spokesman, said the switch was a "lower Investment solution in a time of substantial capital demand." The switch resulted from the151 words
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374 1978-01-20 9 UK COMPANIES AP A TAKEOVER bid for Madame Tussaud's waxworks In London was recommended for acceptance, on Wednesday by the Tussaud's board of directors. The bid of 85 pence per share came from 8. Pearson and Son Ltd., the group that controls Penguins Books andAP - 374 words
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Article26 1978-01-20 9 BRITISH Leyland chairman Michael Edwardes will meet employee representatives on Feb 1 to tell them of plans for reorganising the company, a Leyland spokesman said.26 words
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Page 9 Advertisements
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Advertisement305 1978-01-20 9 -r A BUSINESS TIMES MTUMT. MNI OT T. MM VIKTAT Krrrt l ir u_ii' SITES MAY BECOME GHO6T TOWNS fear r labour squeeze usdoiiw Metro calls hohk it a day at Marine uncertainty Parade 535 55E 1 o S i 3cS a H g SI a 53 §1 MpH mmk305 words
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DEALS DONE ON THE SES AND KLSE
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Article1340 1978-01-20 10 BID and offer prims WHriaHy listed and bnsinoss in nnd rspmtsd to tho Stock Exchange of Singapore yesterday with the wis of shares traded shown in hrachata in ets ef 1.9 M units ■alsm sthsrwim All tee Hsttlsmmt Contracts am Stod after tho werM "Sett". Beard deals (ia1,340 words
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Article76 1978-01-20 10 4 3/4* 1/8/79 (250.000) (1M.688 100.708) (2) 1M.70 7 1/4* 18/16/79 (250,000) (141.108 101.208) (12) 101.1# (101.10B) i-jf" VII/* (,50.040) (108.MB) ao.LI,« MIM > T F 1/8/83 (250.000) (IM.MB 1M.10B) J IV4/M (250,000) (1M.458) 7 1/4* 18/18/ M (250,000) (1M.568) J 1/4* 1/8/87 (250,000) (1M.508 1M.658) 8 1/2*76 words
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Article21 1978-01-20 10 EJL 8 1 Itt3 (IM.OM) (IMB 1018) Mffl 9 1/2* 1982 (1M.000) (102 WB 103 *8) Kg|jd9* (100,000) (101HB21 words
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Article235 1978-01-20 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and oner price* end business done yeeterday. with the number of options traded shown in brackets. Caj C (March 12.20) (0.458 0.508) (June $2.20) (0.508 U. 555) (June f I.M) (0.20B)235 words
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Article149 1978-01-20 10 SINGAPORE UNIT TOL 8T INCOME BOND UNIT pncei roe Jan ZD) (ClITTMit ■rims) The Commerce 1.77 1.88 INCOME BOND 1.09 1 18 The Saving Fund 108 1.14 MARA BUMIPUTRA FUND S pore Pro® Fund 0.81 0.80 (Managers' price* far Jaa Ml S pore Security Fund t 1.60 1.70149 words
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Article1454 1978-01-20 10 BID and offer price* officially lifted and business in aad reported to the Kuala Lumpur Stock Exchange yeeterday with the number at share* traded shown in hracheU in lots ofl.MO unit* unless otherwise specified. INDUSTRIAL* Awn* (1 38B) A|(n*mat» (2.178). Alcsm (2 MB 2.N8) (7) 2.55 <2)1,454 words
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Article2401 1978-01-20 10 im/im High Low C—pear Umt Salle ♦erDi* Div Pit Y'M P/E Vel Day ('•001 Higfc Lew SECTION ONE INDUSTRIALS 154 280 119 248 88* 205 189 270 422 148 132 185 58 212 57* 155 148 182 350 91 Acma Alcorn Allied Otoe Bate Ben noiiitmi Bo2,401 words
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Page 10 Advertisements
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Article, Illustration697 1978-01-20 11 SINGAPORE IT WAS another day of quiet and mixed trading on the Stoch Exchange of Bingapore yeeterday as operators and investors were wary of fresh commitments. A dozen or so issue* continued to account for the bulk of dealing, mainly on contra account.697 words
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563 1978-01-20 11 STRONG support in late afternoon trading buoyed prices to a firm finish with most industrial counters registering fair gains on the Kuala Lumpur stock market yesterday. The rally, coming in the last 30 minutes, resulted In prices closing at best. Opening deals yesterday563 words
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COMPANY NEWS
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736 1978-01-20 11 TIN production statistics from the giant Malaysia Mining Corporation (MMC) mirror the mixed fortunes or its operating companies In the current financial year. MMC (formerly New Trade winds) combines the Malaysian mining interests of the London Tin Corporation and Charter Consolidated groups of mining companies.736 words
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663 1978-01-20 11 A SEVERE financial crisis, threatening the future of one of Malaysia's largest palm oil refining and fractionating plants. Edible Oil Products (Malaysia), has been averted by a substantial injection of funds by United Asian Bank. The previously profitable company, based in Kulai, Johore,663 words
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221 1978-01-20 11 LIGHT has now been shed on the confusion that developed in Pahang Consolidated recently when 30.4 million of its 38.4 million shares were found to be not tradeable on both the Singapore and Kuala Lumpur stock exchanges for several days following the221 words
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298 1978-01-20 11 THE KUALA Lumpur Stock Exchange has queried General Lumber (Holdings) on the benefits to be derived from its acquisition of the assets of a timber processing company in Klang, Selangor. As part of its on-going rationalisation exercise. General Lumber has announced recently that It intended to298 words
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Article237 1978-01-20 11 HUME Industries (Malaysia) has been given the green light by the Foreign investment Committee for the sale of its entire stake In Synthetllc Resins (Malaysia) to Sclentex Industries Bhd tor 12.08 million In cash. The transaction Involves 12.06 million shares of Msl each or 32.5 per237 words
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Article71 1978-01-20 11 PACIFIC Development Credit (PDC) says Its 60 per cent stake taken up recently In PDC Management will be beneficial in streamlining the management structures of the group and Its 30 per cent owned associate. Central Securities. rurther. the management link-up between the two groups will have serve71 words
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Article, Illustration166 1978-01-20 11 INCHCAPE Trading Associates Pte Ltd. a member of the Inchcape group, has confirmed the appointment of Mias Gwesda Loong as advertising manager. Miss Loong was formerly director of public relations and advertising at the Shangri-La Hotel. She was also previously a producer with Radio and Television Singapore.166 words
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COMPANY MEETINGS
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Article26 1978-01-20 11 The following company meetings are due; Jan 22 at its registered office. No. 6-2, Jalan Fatimah, Batu Pahat, Johore at 10.30 a.m.26 words
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28 1978-01-20 11 Jan 24 In the board-room of Malaysian Industrial Development Finance Bhd. 4th Floor, Bangunan MIDF, 117, Jalan Ampang. Kuala Lumpur at 11.30 a.m.28 words
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Article12 1978-01-20 11 AOM on Jan 27. 11.30 am at Raffles Hotel, Singapore12 words
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Article18 1978-01-20 11 Jan 28 at the company's registered, 114 Jalan Sultan Yussuf, Ipoh, on Saturday at 12pm.18 words
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Article309 1978-01-20 11 Current W—» Em Date Date payable Total Ibr tbeyaar li 1 it ..Hi Chin Tec* 8.M. Ia4uotrio* BorfcnulTia Lrwhnk'ni Utd M'oca Rubbar K.T. Pas M GUm 10*1 10* 9*ITE 50*1 30*1 8*1 7*1 7*TE<b) Dec 6 Dec 30 Jan 10 Jan 3 Dec 29 Jan 9 Jan 11309 words
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Article493 1978-01-20 11 ALL BRANCHES of Malayan Banking throughout the region will eventually be placed under an on-line realtime computer system In a move to upgrade banking operations In the country. The scheme will first be launched at branches in the Federal Territory and Petal tng Jaya by the493 words
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Page 11 Advertisements
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Advertisement486 1978-01-20 11 Business& Managonent in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is tha moat power- ful supra-national government in the world today. J This book is about v the efforts of poor nations to gain soma control over their own economies and the role of IMF in frustrating486 words
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Article, Illustration540 1978-01-20 12 LOCAL CALCULATORS BENEFIT Reuter TARIFF cuts being Implemented by Japan on April 1 on goods worth US$l.9 Mlllon (894.38 billion) will Include products worth about $350 million (S9BCB million) from Asian countries. The cuts, in advance of apy reduction* which might be decided onReuter - 540 words
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196 1978-01-20 12 UPI JAPAN'S imports on a licensed contract basis last year posted a moderate gain after a sharp rise in 1978. The Ministry of International Trade and Industry (Mitl) announced yesterday licensed imports dropped In the first quarter of last year but gradually picked up forUPI - 196 words
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Article73 1978-01-20 12 A 10-MEMBER US textile delegation Is due in Talpeh on Sunday for the second round of talks to renew the Taiwan-US textile agreement. A Board of Foreign Trade spokesman said the previous agreement expired on Dec 31 last year and the forthcoming session follows the failure73 words
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Article, Illustration480 1978-01-20 12 Reuter JAPANESE utility Chubu Electric Power has been assured it will receive contracted shipments of Australian uranium oxide yellowcake, but after Australian trade unions decide their attitude on uranium exports. A government spokesman said the Ranger Uranium Joint venture sent Chubu its own assurance, togetherReuter - 480 words
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Article536 1978-01-20 12 NOORJAHANKARIM - »r NOORJAHANKARIM in Kuala Lumpur BANK Negara's assets and liabilities rose to MS7.700 million yet another annual high at the close of business on Dec. 31, 1977. This represents an Increase of $867 million, about half the size of the Increase in 1976 of $1,998536 words
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Article765 1978-01-20 12 LONDON, Thurs. Stock Xlces extended earlier gains llowing the British money supply figures In fairly active two-way business, dealers said. Government bonds firmed up to H point while Industrial leaders showed net gains ranging to I3p. At 3 pm, the Financial Times Index was up 8.8 at 485765 words
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124 1978-01-20 12 Reuter CHANCELLOR Helmut Schmidt yesterday rejected calls for West Oermany to do much more to prop up the world economy, aaylnf the country's Influence In this respect had been exaggerated At his annual policy address to the Lower House of Parliament (Bundestag),Reuter - 124 words
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296 1978-01-20 12 Reuter PREBIDENT Carter was expected to deliver his State of the Union message to Congress last night, opening five days of Intensive economic developments ending with next year's budget announcement on Monday. Mr Carter frill announce only the broad outline of his economicReuter - 296 words
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Article, Illustration615 1978-01-20 12 AP AFP PRESIDENT Carter has decided to maintain existing quotas on imports of socalled specialty steel products from foreign producers, after an eightmonth study of the Import situation. The White House annouced on Wednesday that the quotas, first imposed in June 1976,AP; AFP - 615 words
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Article134 1978-01-20 12 Reuter JAPAN'S exports of steel products last year fell 5.2 per cent to 35.10 million tonnes from the record 37.03 million in 1976, with sales to the US and the EEC declining The Japan Iron and Steel Federation said the value of steel exports last year roseReuter - 134 words
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Page 12 Advertisements
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Advertisement459 1978-01-20 12 The Borneo Bulletin LARGEST AUDITED CIRCULATION OF ANY NEWSPAPER IN BRUNEI, SARAWAK AND SABAH PRICE 30* Now you can reach virtually every upper and middle income Englishspeaking family in Sabah, Sarawak and Brunei, in a single newspaper: The Borneo Bulletin. The only English language newspaper published and read by people459 words
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