The Business Times, 27 January 1978
1978-01-27
1
12
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The Business Times
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Title Section11 1978-01-27 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY* JANUARY 27, 1978 50 CENTS11 words
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BRIEFLY...
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Article68 1978-01-27 1 AP. GENEVA, Thurs. Work contracts which bar employees from talcing Jobs with competitors or disclosing sensitive Information are unfair and reduce them to serfdom, the International Labour Organisation said today. An enterprise has "an undeniable Interest" In protecting Its secrets and Interests, but that "a responsible employee willAP. - 68 words
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Article59 1978-01-27 1 AP. HONGKONG, Thurs. Chase Manhattan Asia Ltd., a subsidiary of the Chase Manhattan Bank, has undertaken -to syndicate a US$34 million (8179.22 million) loan for Marcopper Mining Corporation, one of the Philippines' largest mining corporations. Chase Manhattan said the eight-year Asian dollar facility carries an Interest rate ofAP. - 59 words
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Article47 1978-01-27 1 Reuter. BAHRAIN, Thurs. The Bahrain Monetary Authority, acting amid predictions of an upward revaluation of Gulf currencies against the U8 dollar, announced today that It will amend Its official rate. The new rate will be announced at the opening of dealing on Saturday. Reuter.Reuter. - 47 words
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Article69 1978-01-27 1 AFP. BRUSSELS, Thurs. The EEC will shortly set up a US$l.l4 billion (552.65 billion) fund known as the "Ortoll Facility" to boost the Community's industry. The facility of 1,000 million units of account would come Into operation this spring, said a spokesman. The money would come fromAFP. - 69 words
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Article62 1978-01-27 1 Reuter. AMMAN, Thurs. Saudi Arabia has signed contracts with three Western companies for the expansion and maintenance of Its telephone networks, worth US$3.l billion (557.22 billion), Riyadh Radio reported. The contracts with Dutch Philips, Swedish Ericsson and Canadian Bell, were signed In Riyadh last night. They provide forReuter. - 62 words
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Article82 1978-01-27 1 Reuter. CANBERRA, Thurs. Australia's annual Inflation rate fell to 9.3 per cent last year the first time In five years It has gone below 10 per cent the Bureau of Statistics announced today. The cut In the annual rate from 14.4 per cent In 1976 reflected the pledgeReuter. - 82 words
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Article54 1978-01-27 1 UPI. TOKYO, Thurs. Presidents of 15 major shipbuilding companies have reached broad agreement to scrap surplus shipyard facilities in the present global shipbuilding slump. Although concrete plans have yet to be worked out, sources said the agreement would result In taking away thousands of Jobs, Industrial reorganisationsUPI. - 54 words
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Article48 1978-01-27 1 UPI. NEW YORK, Thurs. Stocks, aided by bargain hunters, pushed higher early today In moderately active trading. The Dow Jones industrial average was ahead 1.04 points to 773.48 shortly before 11 a.m. Advances outnumbered declines, 433 to 340, among the 1,250 Issues crossing the tape. UPI.UPI. - 48 words
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Chief Price Changes
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Article129 1978-01-27 1 Rises Most active Pacific Dev Loytape T Harbour Eaao Pref Island A Pen Metal Box Spore API Iatraco PNHMp Supreme Corpn 282 114 268 89 230 225 81 *i 189 154 250 +22 +9 +8 +7 +6 +5 +4Vi +4 +4 +3 Faber Merlin 179,000 A.P.I. 81.000129 words
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Article, Illustration155 1978-01-27 1 Rises Most active CaatieAeM On Sac. Pie Dot New Sdah Lay Tape IatWood Supreme C 8.45 1.29 2.86 3.64 2.00 i 1.15 1.65 brp 2.56 .25 .16 .16 .08 .06 .05 .05 .05 Supreme 332.000 A.P.I. 274.000 Oentlng 250.000 Pacific Dev. 172.000 Total Turnover: 2.75 M Total155 words
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352 1978-01-27 1 Reuter JAPAN'S Finance Ministry yesterday announced a series of 11 measures relaxing and simplifying Japanese exchange controls. The measures, some of which the ministry had already announced were under consideration, include relaxation or restrictions on foreign exchange accounts held by Japanese residents, liberalisationReuter - 352 words
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Article763 1978-01-27 1 COLIN CHEE - NO FAITH IN DOLLAR By COLIN CHEE THE PRICE of gold is expected to breach the US$lBO mark in the lace of the continued uncertainties surrounding the dollar. The price of the metal is now hovering around US$l77 an ounce and dealers said it is763 words
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606 1978-01-27 1 RONNIE LIM - h RONNIE LIM SINGAPORE-MADE cameras are equal to the leading Japanese brands In performance and quality, and can even outstrip them If they are priced more competitively. A leading British photographic journal. Single Lens Reflex, Id its latest review of the Rollel SLR 35 ME606 words
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Article365 1978-01-27 1 Reuter. THAILAND'S Prime Minister, General Krlangsak Chamanand said yesterday that closer Asean cooperation will remain one of the cornerstones of Thailand 's foreign policy. He said this at the second Asean banking conference in Bangkok. More than 200 delegates and observers from Asean and countries in Asia,Reuter. - 365 words
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329 1978-01-27 1 §HABBOLOBfI mt Haw Pur Bntkm latmaalliiesl WW art tali that IS pm> cent of the sfcurus aiflwJ by (Mr cam pa ay firum a Huugkoag firm had fcuea •ipho»ed off to Spydar Securities, the Horn* mt LmHm wh told mm Wad—Hay. Spydar,329 words
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368 1978-01-27 1 JOHN TAN - ■r JOHN TAN SINGAPORE Is expected to achieve an economic growth rate of 8 to B*4 per cent a year for the next five years with the domestic economy poised to take full advantage of the International economic recovery. Domestic Inflation remains well368 words
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Article169 1978-01-27 1 MIDLAND Bank mid It proposes to raise £90 million (Ss4o9 million) through a one-for-flve rights issue at 330p per share. The rights issue will be of 29.99 million shares at 330p per share on the basis of ons share for every-five held and -< 21 shares for every169 words
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Page 1 Advertisements
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Advertisement10 1978-01-27 1 SAFE WITH AN ITOKI SAFE Trt 2521M4* •M BUSNCSTEMS »«e<pora10 words
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Advertisement137 1978-01-27 1 auan*BUSSKSS ouarrtw. <1 The Autumn issue of the ASEAN business Quarterly includes a 5-page analysis of ASEAN's urea projects and finds these to he less than visble (12 tables) a 15-page analysis of the impending world energy crisis and the likely economic effects on ASEAN countries including new patterns of137 words
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Advertisement24 1978-01-27 1 rmm AWA Kawat's profit MEM OP AO t, CROSSWORDS S. AIRCRAFT SCHEDULE ft. WEATHER 1 TV A RADIO ft. STRAWS DC THE WIND 7.24 words
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Advertisement171 1978-01-27 1 Maruman Hi"'ft )n 1 s 7i7T7:ir!lij7 IpEmiyiEN H a TT 1 Put your idle cash to work with American Express International Banking Corporation Whether you do business ki one currency or a dozen, at a single location or around the world: We can put your cash to work for you.171 words
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TRADE AND INDUSTRY
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Article, Illustration569 1978-01-27 2 JOHN LIM - •y JOHN LIM DIETHELM SINGAPORE has entered into a Jointventure with an American company to manufacture airborne and ground handling equipment, the first of ite kind in Singapore. The Si million Joint venture, Nordskog Dlethelm, is with Nordskog Industries. The new company was incorporated569 words
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196 1978-01-27 2 SINOAPORE'B exports to Japan will not sec an immediate rise despite Tokyo's pledge to cut its trade surpluses and boost imports. Mr Akio Suzuki, general manager of Japan External Trade Organisation explained yesterday: Japan ts still in recession and this is tied up196 words
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Article76 1978-01-27 2 AFP CANADA yesterday officially lifted its embargo on Its uranium ore exports to Japan. Canada suspended its uranium shipment to Japan in January last year, pending negotiations on the revision of the atomic cooperation agreement with Japan. The two countries completed negotiations on the proposed revision andAFP - 76 words
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508 1978-01-27 2 Reuter. THE US government has affirmed in a letter to the American Soyabean Association (ASA) there is no prospect of a surplus of edible vegetable oils on the world market. ASA chief executive office Kenneth Bader attending a soya protein food conference inReuter. - 508 words
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272 1978-01-27 2 THE electrical licensing test organised by the Industrial Training Board Is under attack by the Singapore Electrical Contractors' Association. The association said the ITB has not taken into consideration the large number of experienced but Illiterate electricians in Singapore whose livelihoods are affected by this272 words
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320 1978-01-27 2 IN ABOUT seven year's time. Singapore will have an extra 360 hectares of land in the central area enough, it is said, to build a new city. This plan will be realised on completion of phases six and seven of the East Coast320 words
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176 1978-01-27 2 AN INVESTMENT protection agreement between Singapore and the Benelux countries Is expected to boost the mutual now of Investments. A Finance Ministry statement yesterday noted that negotiations were held between Belgian and Singapore officials from Jan 23 to 20 to discuss the agreement.176 words
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Article76 1978-01-27 2 MR ALFRED Brlttain HI, chairman of the board of Bankers Trust New York Corporation and of Its principal subsidiary. Bankers Trust Company. Is due in Singapore on Jan 30 for a two-day visit. Accompanying Mr Brlttain will be Mr Hart Fes- sendtn. senior vice-pre-sident and head76 words
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Article39 1978-01-27 2 THE Jalan Eunos Postal Agency at Block 3, 2589 Eunos Crescent, will open on Feb I. Services available include sale of postage stamps, stamped stationery, Singapore postal orders and the acceptance of registered articles and parcels.39 words
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447 1978-01-27 2 AFP AUSTRALIAN wool faces Increasing competition from synthetic fibres, fall--9[ Interest In fine wools (19 cron or less) and a widespread lack of Interest In buying clothing. This Is the opinion of the Australian government's senior adviser on agricultural policy, Dr. OliverAFP - 447 words
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Article184 1978-01-27 2 AFP. HONOKONO, whose textile Industry faced rising overseas protectionism and sagging demand In major markets last year, still managed to record a respectable 8 per cent rise in exports for 1977. Official statistics published yesterday showed that exports for the past 12 months were almostAFP. - 184 words
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Article201 1978-01-27 2 COURSES AND TALKS DATES TITLE Jan LOCATION ORGANISER 9-30 9Feb 2 9-30 10-31 16-27 17-30 Industrial Application of Operational Amplifiers S.D. Module m Elements of Industrial Engineering Energy Management Module 1 Industrial Health and Safety LCA Module I Mechanisation of Production Processes Sales Management YMCA Palmer Road Hotel201 words
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Page 2 Advertisements
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Advertisement115 1978-01-27 2 OPPORTUNITY FOR A SOUND INVESTMENT IN JURONG TOWN factory G ißuildings for **§ale or c Kent aoo S. Suitable for manufacturing, servicing, storage and Iftk related operations I] Competitive and low sale prices/rer 91 Latest designs/spaciouslayo«*<!^C^i^^» 000 00* 0000 ZZ&$& for owneri i_vy Mrirflpiuiii i Luans up to 80% from115 words
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OVERSEAS
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664 1978-01-27 3 Reuter US short-term interest rates are likely to rise gradually, ending the year about one per cent higher than current rates. Irving Trust Co senior vice president and economist George McKlnney said. Prime lending rates are 8 per cent now. The present relative softnessReuter - 664 words
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Article189 1978-01-27 3 Reuter. THE BRITISH Trades Union Congress' demand for a £3 billion (5513.62 billion) budget stimulant this spring represents only a minimum aim, its general secretary Len Murray said. The TUC economic committee will be reviewing Its economic forecast before the budget is announced, to see whetherReuter. - 189 words
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WORLD IN BRIEF
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Article533 1978-01-27 3 Agencies. THE US Commodity Futures Trading Commission directed its staff to draft a rule which would suspend trading in London and dealer options In the US. The commission said the proposed rule will be published In the federal register for public comment. TEXACO INC. overcharged itsAgencies. - 533 words
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Article310 1978-01-27 3 Reuter, AFP THE Carter Administration's trigger price system for steel Imports was criticised at a Congressional hearing on Wednesday by both American steel companies and importers. The plan, announced last month, would set minimum prices for different types of Imported steel. American steel producers and theReuter,; AFP - 310 words
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Article310 1978-01-27 3 Reuter THE British government Isconsidering a suggestion from Venezuelan Mines Minister Valentin Hernandez to swap Venezuelan heavy oil for North Sea light oil. Energy Minister Dickson Mabon said after a visit to Venezuela last week that Venezuela needs more light oils as Its domestic production isReuter - 310 words
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431 1978-01-27 3 AFP, UPI. THE conciliatory remarks made by EEC representatives at the International Sugar Council's (ISC) London meetings give hope that negotiations will begin soon on EEC membership of the new agreement. Mr. Ernest Jones-Parry, the ISC executive director said there was aAFP,; UPI. - 431 words
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246 1978-01-27 3 AP. SWITZERLAND "is the brightest alar of Europe" for job seekers, an international employment agency said on Wednesday. Employment condition* "appear very bright in Switzerland, the US and South Africa. They seem markedly less bright in such Canada and Japan", ManpowerAP. - 246 words
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Article39 1978-01-27 3 SOVIET industrial output last year showed the second lowest increase in any year since World War Two. But the 5.7 per cent rise in overall production against 1976 still met the expectations of Kremlin planners.39 words
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1141 1978-01-27 3 Reuter. WEST GERMANY has already taken enough measures to stimulate its economy this year, and there is a good prospect of the country achieving a significant recovery, said Bundesbank President Otmar Emminger. The probable effects of recent tax cuts and various public expenditureReuter. - 1,141 words
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Page 3 Advertisements
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Advertisement229 1978-01-27 3 Sales performance. Now sharper* 4 i a v/m r W* k f /y&'ln£&JL e a r a S&\: tf'k? m >■*»->- K 1 ®fi =n r/ A good sales performance depends on so many factors: the products, the sales force, the market, and, of course, a business-like method of management.229 words
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Page 3 Miscellaneous
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Miscellaneous631 1978-01-27 3 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 Waste product! (5) 8 Singular data (5) 10 Youngster with a hood for some years (5) 11 Pure damask rose colour (3) 12 Put down now (5) 13 Chief means of progress (7) 15 Sea of whiskey! (5) 18 Occupied for some little631 words
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RAW MATERIALS
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Article534 1978-01-27 4 OPENING prices were marked down 2.25 cents in the Singapore rubber market yesterday, following afterhour easiness ana lower London advices, but later recovered slightly on some short-covering. Prices then fell again on lack of buying Interest. Volume was light. The market closed easier with February534 words
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Article375 1978-01-27 4 R A S prices in cents per kilo yesterday: Soon Close (per kilo) (per kilo) Int. 1 R.S.S. prompt f.o.b. Buyers Sellers Buyers Sellers 187.25 197.75N 196 78 197 25N Int. 1 R.S.S February 197.25 197.75 196.75 197.25 Int. 1 R.S.S. March 197.80 197.78 196 78 197 25375 words
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Article102 1978-01-27 4 NOON S8R and SMR pricei yesterday: RA8 Fittun (Carnal Mth i March (Forward Mthi Bay* r* 9ellara Buyai rs Seilera (ce ntsparkf) (ea 3 I 3 86 R 20 (1-ton pallet) 191.00 193 00N 192.00 194.OON 3fl R 50 (1-ton pallet) 188 00 191.00N 190.00 192.OON M.RELB.102 words
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Article31 1978-01-27 4 Rubber: Jan M Singapore: February 155.75 centa (down 2.50 centa) Malayaia: February 159.25 centa (down 1.50 centa) Tin: 51.644 (up 115'.) Official offering: 250 tonnes (up 17 to one*)31 words
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Article205 1978-01-27 4 BANGKOK rice prices yesterday were quoted as follows. (US dollars per tonne fob basis Bangkok): White Rice: 100 pet Ist class 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. 35 pet205 words
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Article316 1978-01-27 4 TERMINAL cocoa gained 119 to til per tonne at the opening call against New York in LONDON yesterday, with chart and outsider support notably featured. However, prices dipped below those levels in subsequent trading despite a reasonably steady undertone partly based on a slight easing in sterling. Market sources316 words
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Article417 1978-01-27 4 PRICES generally held steady in quiet trading at the Singapore produce market yesterday. Demand for copra was still qui te strong with deals done <2 to $3 below the price of 155 per picul quoted by the Singapore Chinese Produce Exchange. Sales, however, were slow. Business picked up417 words
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Article375 1978-01-27 4 TRADINO was quiet and featureless In sugar futures in HONGKONG, with prices fluctuating narrowly and closing mainly easier yesterday. July rose USO 01 cents, while other months fell 0.05 to 0.12 cents on light selling pressure from commission houses, dealers said. Turnover rose slightly to 17 lots against375 words
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Article334 1978-01-27 4 ROBUST A futures in LONDON yesterday opened steady i"3 down to 121 higher per tonne on Wednesday's close. Turnover was 543 lots. Near Mch met aggressive commission house buying and gained 121. having traded earlier at a high of C 1.820. Spot Jan in contrast, was neglected following Wednesday's334 words
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Article331 1978-01-27 4 TERMINAL opened unchanged yesterday to £0.50 per tonne down from Wednesday's levels and the turnover totalled 595 lots In LONDON. Dealers said the market was quiet but steady, reflecting Information that the Dominican Republic had rejected a bid of 9.26 cents per lb fob for Feb shipment raw sugar331 words
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Article68 1978-01-27 4 C.I F US dollar* per ton LONDON r Prevtaaa Malaysia 5% rfa bulk April 4*0 air SUilr Sumatra 5% ffa Jan unch 530/536 pd Feb MO air 530/531H pc March UOslr S12»/M0pd April May SOOilr 400 (Ir 500 pd 4M/4H»pd June 477 so pa 4Mpd Nigeria 5% fla68 words
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Article69 1978-01-27 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Jan 26 until further notice: Rubber: 201 S/t ccnU a pound Caara: »1» 14 a ton Mai Hand: 5239 03 Th* rata of duttn payable arc:* «■>>» S 1/4 ecnta a pound Rmcareh cm 169 words
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Article162 1978-01-27 4 THE STRAITS tin price in Penang yesterday rose M 115% to $1,644 on an official offering up 17 tonnes to 250 tonnes. In LONDON yesterday, tin showed losses of £82 for cash and £47 for three months standard. High grade lost £62 all round. Despite the upturn at162 words
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Article203 1978-01-27 4 SILVER yesterday finished with losses of 1.6 to 1.8 pence per troy ounce In LONDON. Prices edged lower In the pre-market as sentiment was undermined by the later overnight trend at New York and the lower gold fix In the morning. But the market held steady In the ring203 words
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Article93 1978-01-27 4 ZINC fell by 15 for cash and t'5.75 for three months In LONDON yesterday. Some liquidation and rresh selling was also evident in this metal although selling pressure was less pronounced with trade support partly recouping losses in the ring. Three months traded down to t'246 on the premarket.93 words
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Article80 1978-01-27 4 LEAD finished the morning with losses of 19.25 for cash and C 8.50 for three months In LONDON yesterday. Further liquidation and shortt selling developed following the decline in copper and three months feTI to i°3lo per tonne during pre-market dealings. The lower levels attracted some trade buying and80 words
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Article114 1978-01-27 4 WHEAT futures on Wednesday finished the session in CHICAGO with prices 'i cent a bushel lower to cent higher. The light trading was confined to a one-cent range, with Interest limited ahead of the USD A stocks report. Exporter buying In early dealings encouraged light speculative support, but lack114 words
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Article115 1978-01-27 4 SOYBEAN futures in CHICAGO closed US 2-1/2 to three cents a bushel higher on Wednesday after moving in a narrow six-cent range to either side of Tuesday s close. Activity remained quiet awaiting the USDA stock estimates, with light commercial buying and talk of the possible increases In bean115 words
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Article299 1978-01-27 4 COPPER wire bars yesterday finished the morning with losses of mostly £11.5 c per tonne In LONDON. Values declined on the pre-market under tired liquidation down to £634 per tonne the lowest level since February 1976 but some covering against modest West Oerman physical Interest steadied the position to299 words
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Article300 1978-01-27 4 THE kllobar in Singapore yesterday opened at 5513,276 and closed at 5513.258. In the London market, the metal opened at U*****.00/30 and closed at U*****.96/25. The London morning fix was U*****.00, down $1.50 from the previous fix. Source: Singmas Retail prices per tael quoted by the Singapore Chinese Oold300 words
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MONEY AND EXCHANGE$
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Article466 1978-01-27 4 THE US dollar firmed on the foreign exchange market here yesterday. The US unit strengthened marginally against Swiss francs. It opened at 1.9570/00 and moved to 1.9760/80 just after London opened. Against the German mark, the dollar soared 100 points up from the day's opening of 2.0980/90 to466 words
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Article52 1978-01-27 4 acbc 7 7 7 nukuk TW 7 MHRT 7 Bank of Aowrica 7 MNW 7U Bask of China 7 Malayan Banking 7 Baak of Tokyo 7 MiUui Bank 7 Bank Nagara OCBC 7 OUB 7 Chartarvd Bask 7% UCB 7* Ckaac Manhattan 7 UMBO 7 DBS 7*52 words
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Article180 1978-01-27 4 Asian rates ASIAN currency deposit interbank rates a* at close on Jan 26 7 day* 1 mlh 2 mths 3 mths < mths mths 12 mths U8 Dollar Offer 7 1/16 ..7 l/» 7 1/4 .7 7/16 ..7 3/4 ..7 13/16 ..7 7/16 <8»*> Bid 6 15/16 7 7 1/8180 words
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Article45 1978-01-27 4 KANCiK OF prices offered by discount houses on Jail 26 Overnight 3'.% fall deposit 3'4* CImmI Bu.viix Selllaf 1-Month Treasury bills 31/4 31/B 3-Monti) Bunk bills 4 7/8 4 3/4 3-Month CD 51/16 415/16 8 Month 5 8/16 57/16 Source: National Discount Co Ltd.45 words
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Article421 1978-01-27 4 EURODOLLAR bonds In LONDON opened around point higher yesterday, but turned easier as the dollar weakened on exchanges. Overall activity was moderate. The convertible sector reflected the lack of interest In straights, with prices steady to easier. Eurobond prices quoted on Jan 28 Straight* Bid Offer Tout Oil St«421 words
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Article174 1978-01-27 4 THE US dollar recovered against major currencies in LONDON yesterday, In thin nervous trading as participants started covering short positions. Some operators feel that President Carter may announce aggressive support for the dollar. Dealers said the market Is very difficult to trade In and participants are finding limited scope174 words
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Article148 1978-01-27 4 THE US dollar in NEW YORK closed weaker on Wednesday against major currencies, although off its lowest levels In thin, nervous trading. There was little reaction to New York Federal Reserve Bank president Paul Volcker's statement that the dollar Is undervalued. Sterling closed at 1.9520/30 against its opening148 words
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Article166 1978-01-27 4 THE US dollar for overnight delivery in TOKYO yesterday closed at 241.22 yen, up from a 241.10 opening, but down from 241.65 at Wednesday's close, dealers said. Trading was moderate, with volume US$259 million. No central bank Intervention was detected, they said. After opening lower, the dollar fell to166 words
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Article140 1978-01-27 4 THE US dollar in HONGKONG yesterday ruled closely around New York's overnight levels in slow trading with little activity anticipated ahead of Monday's US trade figures. It was quoted at 2.0990/ 1005 marks against 2.0985/95 In New York, at 241.10/20 yen against Tokyo's 241.22 close yesterday and slightly weaker140 words
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Article62 1978-01-27 4 AUSTRALIA/ NZ exchanges quoted on Jan 26. AUSTRALIA U8 dollar 1 1423/ 1 1375 Sterling 0 5870/ 0 MOB Ninety-<lay air mall buying rates: Sterling 0.0011 US dollars ***** Ninety-day forward buying rate*: Sterling 0 5834 US dollars ***** NEW ZEALAND Sterling 0 S2Ol/ 0 5233 US dollar 162 words
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Article51 1978-01-27 4 ZURICH exchanges closing quotes on Jan 25 US 1 9580-9605 Stg 3 8201-8259 Can 1 7704-7731 Dmk *****6-3660 Ftr 41 6374-7083 Bfr 6 0135-0249 Dkr 34.2457-2985 Nkr 38.2571-3135 Skr 42 1483-2112 Ut 0 2255-2263 Aus sch 12 962 6-9920 Port 4 8706-9135 Spain 2 4371-4433 Arg 0 30-41 Yen51 words
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Article34 1978-01-27 4 FRANKFURT exchanges opening quotes on Jan 26 Can 1 9000/30 Sic 4 100/111 or! 93.25/45 Sfr 106.50/70 Lit 2 425/435 Ffr 44.65/75 Nkr 41.63/13 Bfr con 6 455/465 Bfr fin 6.44/45 Yen 0.8745/8534 words
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Page 4 Advertisements
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Advertisement222 1978-01-27 4 Wfehavea history of making our depositors' savings grow The history of Lombard North Centra! goes back more than 100 years. So it's really no surprise that our steady growth has made us an important name in British banking and finance. Individuals and institutions the world over make their money grow222 words
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Advertisement24 1978-01-27 4 EFFECTIVE JANUARY 28, 1978 HIST BOSTON (ASIA) LTI. NEW TELEPHONE NUMBER WILL BE *****44 TELEX NUMBERS REMAIN THE SAME RS ***** AND RS *****24 words
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TRANSPORT
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Article, Illustration168 1978-01-27 5 FOUR new K class, 23,800 dwt breakbulk carriers for United Arab Shipping Co. were named recently at a ceremony In Ulsan, South Korea. The vessels, Jllfar, Ahmad al-Fateh, Theekar and Fathulkhalr, will bring the company's fleet to 51 when they are delivered In the next four weeks.168 words
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446 1978-01-27 5 AMERICAN Secretary of Transportation, Brock Adams told a Senate committee studying antlterrorlst legislation that US authorities are "concerned" about security at five foreign airports Rime, Athens, Casablanca, Istanbul and Ankara. These airports are heavily used by American tourists, but US Inspectors consider their446 words
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Article69 1978-01-27 5 AP. Reuter. SOVIET government officials met privately this week with leading grain export companies to discuss serious shipping delays from the US. The explosions last month which destroyed two major grain elevators have caused deep concern in the USSR and other large grain importing nations over longer delays.AP.; Reuter. - 69 words
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Article, Illustration402 1978-01-27 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Achille Lauro (0800) 46/47 Bunga Seta war (1500 subject freeboard) 19 King Luck (0600 aftei King Lake King Fish) 25 Maritime Shoun (Tanker) (after Fujiyasu Maru subject gas free) 16 Nedlloyd Llnge (after Kyoten Maru) 35/36 Ocean Hope (ELDR) (0700 after Hoegh402 words
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Article, Illustration619 1978-01-27 5 RAHIM KASSIM - By RAHIM KASSIM THREE local boat builders will be the first to take part in an International boat show, under the sponsorship of the Department of Trade here. The three participating in the five-day 17th Tokyo International Boat Show from March 17 to619 words
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Article91 1978-01-27 5 AFP THE Indian Youth Association for environmental studies and conservation said on Wednesday it will launch a campaign against a government move to permit flights of the AngloFrench Concorde through Indian air space. Pradeep Sankhala and Mahendra Vyas, president and general secretary respectively of the association,AFP - 91 words
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310 1978-01-27 5 AFP. LAND sources cause more sea pollution than shipping activities, the director of the Institute of Marine and Coastal Studies of the University of Southern California, said in Kuala Lumpur recently. Dr. Don Walsh said a survey done in 1971 showed that an averageAFP. - 310 words
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259 1978-01-27 5 SINGAPORE Airlines has set up a task force as part of its efforts to improve Its ground services, recently singled out as one of Its main shortcomings. An airline statement yesterday said the task force's role is to identify root causes of deficiencies in259 words
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Article126 1978-01-27 5 AP. Single-voyage fixing failed to expand on Wednesday and time-char-ter business which turned brisk recently, became quiet. Thus shipowners were hard put to maintain freight rates at previous However, they did manage to repeat US$B (FIO) on the US Gulf-Japan grain run when the* "Arthur Stove" lifted aAP. - 126 words
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Article57 1978-01-27 5 BRITISH AIRWAYS on Wednesday cancelled six long-distance flights because plane handling staff at London airport stopped work to hold a union meeting. The times of other departures were changed and passengers placed on alternative flights. Destinations affected were Port of Spain, Georgetown. Bombay. Mexico City, Tokyo. Jeddah,57 words
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Article730 1978-01-27 5 ARRIVALS Service Loca 1 Operator Number Time From -J KAL KE807 0015 SEL PAA PA005 0215 SFO/HKO CAL CXI331 0040 TPE/HKG/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 GIA GA980730 words
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Page 5 Advertisements
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Advertisement191 1978-01-27 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Call US *or your loccl onward reservations TV-- AUSTRALIA and SOUTH WEST PACIFIC PAPUA NEW GUINEA 41 Vk RJI NEW ZEALAND At Bank of New South Wales we really know this arfea...we should... we've bfeen here for 160 years and are191 words
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463 1978-01-27 6 THE PARLIAMENTARY process works well although sometimes strangely. Take the example of a question to be asked at next Tuesday's sitting on the short-lived Concorde service to London. The question will embarrass no one but the MP asking It, for It Is Indeed one463 words
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Article218 1978-01-27 6 THE CHILDISH remarks about plastic ducks reported In a trade magazine recently and revealed In today's Business Times shows primarily the Ignorance of the writers regarding the recent history of Singapore. Such Ignorance is to be pitied but we should not be too hard on218 words
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Article, Illustration1515 1978-01-27 6 TERESA LIM - 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 FederationBT Chart by Allan Chen - 1,515 words
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Page 6 Advertisements
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Advertisement684 1978-01-27 6 1 sinQapura FORUM HOTEL 585 Orchard Road, S'pore 9. Tel: *****2 Pahhie Bar Experience the unique expression of Tanla Oreat Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally (except Sunday) open till 2.00 a.m.684 words
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Page 6 Miscellaneous
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Miscellaneous60 1978-01-27 6 WE A THER outlook for Singapore from 6 a.m. to noon today: Mainly fair. Report for 24 hours prior to 7.30 pm on January, 26 at the airport. Maximum Temperature 3i.l°C Associated Humidity Minimum Temperature 23.5° C Associated Humidity Hours of Sunshine s SO Rainfall in Millimetres Total Rainfall for60 words
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Miscellaneous274 1978-01-27 6 TV RADIO SINGAPORE 5 3.00 P.M. Opening announcements followed by Housewives Matinee The Cupid (Mandarin Repeat) 4.25 Intermission 6.10 Opening announcements followed by Exercise with Gloria 0 6.30 News in Brief® 6.35 Hazel (Repeat) 0 7.05 In Search Of Earthquakes 0 7.30 News and Newsreel in Malay 0 7.55 Sports274 words
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Article, Illustration965 1978-01-27 7 WELLINGTON LONG - •y WELLINGTON LONG UPI BY BREAKING most of the rules, Ludwig Poullaln managed in only 10 years to convert a modest stateowned clearing house bank Into the 20th largest bank In the world. But Poullaln broke one rule too many, and that cost himUPI - 965 words
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Article, Illustration580 1978-01-27 7 AFP THE DESERT HAWK is threatened with extinction. Thirty years ago a hunter could buy a hawk In any Arab country for US$2O. Today the minimum price is $2,000 (554,660). Prices can go as high as $12,000 for a "Chahlne", a species of PilgrimAFP - 580 words
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Article810 1978-01-27 7 YOU'VE heard of the MileHigh Club, of course. One Jetsetter received thrilling Intimations recently that he was about to join It too. when a woman passenger In the plane seat next to him fell asleep after her several post-prandlal brandies, with her head on his shoulder.810 words
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Article997 1978-01-27 7 John Drysdale - FOSDH r ...on economics L U fy John Drysdale John Dryadale it a director of Asia Research Pte. JM: IN THIS COLUMN last week (Saturday, Jan. 21), I Invited attention to three news items which had appeared In the Singapore press that week. One Item referred997 words
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Page 7 Advertisements
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Advertisement408 1978-01-27 7 X mcifico lINGAPOHI Tanglin Circus, S'pore 10. Tel: *****1 Marco Polo Restaurant The Executive's Business Luncheon a four-course meal of haute cuisine. Inclusive of a glass of wine and coffee/tea* Marco Polo Restaurant $17.00 10% service charge 3% government tax Car valets in attendance DAMAGE IYhotelA HOTEL ROYAL-RAMADA Newton Road,408 words
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Page 7 Miscellaneous
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Miscellaneous36 1978-01-27 7 3TI Stow: teii: I icicenS WT (cr AMD u)M>< NOT, vjOUNG Femouj me lpo Pi«ent v/oo even GO«NG To OPCN VOuR. mp»\L P todpin/ IS too L£Xt£R V v*l- y f p>UN€ PVND doing. V*i£LL tf.36 words
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INTERNATIONAL STOCKS MARKETS
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Article343 1978-01-27 8 jboNOKONO: The stock marVat eioM Mtar yerterday after a weak opening In fairly quiet trading, OHlera said. Beag Kaag Buk (ell 20 to 10.80 on winm selling, while other blue chip* fluctuated narrowly with JartffaM MtlUm losing 30 to 12.00, Haag K ao* Lud and Swira Pacific 10 each343 words
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Article442 1978-01-27 8 TOKYO. Share prices closed higher yesterday on fresh interest in blue chips, dealers said. The Dow Jones average rose 14.28 to close at 5.021.51 with volume of 270 million shares The New index closed at 375.57, up 1.10. Export orientated electrlcals and vehicles rallied on buying by Investment trusts,442 words
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Article287 1978-01-27 8 SYDNEY: The stock market closed generally steady yesterday with the consumer price statistics apparently already discounted, dealers said BHP and Bank of NSW held steady at A 55.36 and 5.24 respectively. In mixed sugars Pioneer rose three to $1.25 while CSR eased three cents to S3. The Sydney AU-ordinarles287 words
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Article175 1978-01-27 8 MANILA: The stock market closed higher yesterdav with all sector averages gaining slightly and turnover rose to 3.60 million pesos from Wednesday's 2.23 million, dealers said. Philex gained two points while Atlas and Lepeato rase one each and other mining issues were steady. Phil Overseas and Oriental rose two175 words
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Article156 1978-01-27 8 JAN BahU Asia Fibre ~jn +2 Bangkok Bunk Ml Bangkok Invest 394 14 Bangkok-Metro-politan Bank 3630 20 Buta Berll Jucker 544 ♦6 CarpetIntnl 455 20 Charoong Thai Wire 362 ♦4 Dumex DusiC Than! 348 Faber Merlin First Trust 708 92 Oenera Finance 403 14 Indo-Thal Industrial Finance Corp 2495156 words
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Article275 1978-01-27 8 AMSTERDAM: Share prices rose marginally In thin trading on Wednesday with Philip* ana Unilever leading Dutch internationals higher, dealers said. jan a Fls' adoia 104 30 1.3 Akzo 22 60 +0 1 Algbank 332 SO -0 5 AMEV 78 80 +0.1 Am fas 102 50 +0 3 Amrot Bunk275 words
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Article107 1978-01-27 8 BRUSSELS: Belgian share prices were mostly lower In quiet trading on Wednesday, bourse sources said. JAN 2S Fr* FORWARD MARKET Acw 254 1 Arbed 2010 -60 AMur 370 •10 Bruvan 430 -2 Bru-L.imb 1420 unch t'.mpuc 493 Cork 355 •4 De Be*r* 158 -2 Ehes 2370 -20 Elfctrobel 6060107 words
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Article243 1978-01-27 8 FRANKFURT. Share prices closed firmer on Wednesday on balance after a day of hesitant and nkrrow trading marked by good foreign demand; dealers said JAN Dm Aef-Telefunken nso -OS Akio 21 M -0.1 All* Lrben MO A1U Vers 494 -1 BASF 142 10 -0 7 Buy H T Wbank243 words
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Article319 1978-01-27 8 PARIS: Shares were mixed on Wednesday after Tuesday's losses due to the general expectation of a small rise In the French December retail price index. dealers said. JAN Fr* roRBEILLE Air Liquirtf 240 ♦3 B S N Oervals Dunone 325 50 0 5 l'8F(ThomsonCxf) 131 SO ♦0.5 CV Francaise319 words
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Article123 1978-01-27 8 MILAN: Prices closed Irregularly lower In fairly active trading on Wednesday with selling unmatched by buying interest, dealers said. JAN Ure Ante 126 -2 5 Assoc Gen 15)00 -140 Bastofi 406 3 5 Onlrale ■WOO -198 Kial 1835 -10 Fimider 80 25 -0 25 Gen Inimob 75 75 -0123 words
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Article338 1978-01-27 8 JOHANNESBURG: Ootd shares were narrowly mixed In quiet trading on Wednesday, after Initial profit-taking and higher bullion indications, dealers said JAN IS Hand INDUSTRIAL* A Alpha 125 -1 Atwrcom 165 -10 AE And CI 225 -5« AM1C* MS 5 Bark>»s 360 urxrh I'll Sugar 700 12SB unch Curr* Financr338 words
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Article62 1978-01-27 8 FINANCIAL TIMES INDUSTRIALS Wednesday 483 2 Tuesday 483.4 Week Afo 476.3 DOW JONES AVERAGE INDUSTRIALS Wednesday 772.44 Tuesday 771.57 Week Ago 780.30 LONDON DOLLAR PREMIUM Wednesday 77* to 78 Tuesday 81S to 82 H.K. HANG SENG Wednesday 405.57 Tuesday 410.18 Week Ago 397.06 SYDNEY INDUSTRIALS Wednesday 410.04 Tuesday 406.0062 words
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Article218 1978-01-27 8 ZURICH: Prices were actively higher on Wednesday with demand centres on shares with high yields following the decline of Interest levels on the bond market dealers said The Credit Suisse Index rose 2.7 points to 2S«. JAN IS rmnri I ArUons Suiun 274 2 Alusuivv Br 1295 >25 Aliuuuar218 words
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Article277 1978-01-27 8 TORONTO: Share prices closed mixed in active trading on Wednesday. with the Composite index off O S points Nine subgroups rose and five were easier with the heavily weighted metal, golds and oil and gas indices among the decllners. Gains led losses 191 to 177. JAN C* AbltlM 10S277 words
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Article932 1978-01-27 8 NEW YORK: Stocks struggled to stay ahead all day on Wednesday but surrendered most of their gains in the final hour. Trading wat light. Analysts said the advance was aided by a rash of favourable corporate earnings reports, and the usual bargain hunting in a heavily oversold market932 words
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INTERNATIONAL COMPANY NEWS
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Article164 1978-01-27 8 NORTH AMERICAN COMPANIES XEROX Corp, which reported an 18 per cent rise in fourth quarter net to US$l.l7 a share from $1 a •hare a year earlier, said 1978 should be another good year in terms of both revenues and profits. Chairman C. Peter McColough and164 words
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Article354 1978-01-27 8 Reuter EXXON Corp said it had foreign currency translation losses of US$2O5 million In the fourth quarter compared with losses of $32 million a year earlier. For the full year. Exxon said It lost $200 million on foreign currency translation. compared with a gain of $00Reuter - 354 words
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Article98 1978-01-27 8 ASIAN COMPANIES Reuter. NIPPON Light Metal Co said its president Yoshimasa Matsunaga has agreed with the three major shareholders including Alcan Aluminium of Canada to form an advisory group to help it reconstruct its business. The biggest Japanese aluminium smelter is expected to suffer a com- mutative deficitReuter. - 98 words
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Article81 1978-01-27 8 UI)A1 Co president Ryuzo Kiwikaai dwitd rumours .•a Japanese stock exchanges that the company facoe a financial crisis and plans to rodnce its capital. On tka Tokyo stock market, tho company's share price fell sharply mm Wodneoday on tho rumour* to M yen, down 21 yon from81 words
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Article64 1978-01-27 8 AMPOL Petroleum said it will issue 29,381,434 A5O cent shares in a ratio of one for four at par. Books close on Feb 15, shares payable in full on aoDlication. The Company said it will maintain annual dividend of 0 cents. New shares will not rank64 words
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Article108 1978-01-27 8 GENERAL Motors French subsidiary, GM France SA, said it plans to start a plant near Sedan in the Ardennes district of northern France to make car heating equipment to be sold to European markets. It said it signed an undertaking to buy an 8,000 square- metre108 words
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Article119 1978-01-27 8 EUROPEAN COMPANIES Reuter. LONDON and Scottish Marine Oil Co (Lasmo) said It signed an agreement with the UK government and British National Oil Corporation giving majority state participation In the North Sea licenses held by Lasmo and its subsidiary Scottish Canadian Oil and Transportation Co. The companiesReuter. - 119 words
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Article183 1978-01-27 8 DU Pont Co said while 1977 sales of U859.44 billion rose 13 per cent from $G3O billion in 1970, eight per cent of the rise came from higher physical volume and four per cent from selling prices. Du Pont reported 1977 earnings rose183 words
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237 1978-01-27 8 Reuter HILL Samuel Group said It will raise £9.3 million by issuing new capital to Banque Arabe et Internationale d'lnvestissement (BAII) and First City Bancorporation of Texas. This will jive BAD and First City Bancorpo ration 5.2 and 3.1 per cent respectively ofReuter - 237 words
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Page 8 Advertisements
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Advertisement250 1978-01-27 8 BUSINESS SPECIAL FEATURE BANKING FINANCE IN SINGAPORE The past few years have seen the rapid development on Singapore as a sophisticated financial centre, now, reputedly, the fourth most Important In the world. Today there are 50 Commercial Banks, 26 Offshore Banks, 24 Merchant Banks, 42 Foreign Banks Representative Offices, 34250 words
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Page 9 Advertisements
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Advertisement723 1978-01-27 9 .>• v yy:;, ~V;y%,' •».> *<S~ ■mmßm tmL&JwZssss dv IR2 j?r ■v* ■s# K* K":.t% JP ;> < .V---*V r *L Fri&IBS&K •w »V "V s V r-Wp *fc> 33* f-<v I rtr as- "iVff* *vv ?a* **!< <*?? C* f ;>* M •m fs *V SSfe I i "At723 words
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Article1275 1978-01-27 10 HO) M At irim JbMfc listed u4 Uateass la ui ipiim > i» nwt inhrn rf I.W iailJ tea Mhkat Contrauti in M I I "flail" HI Big Baud dnals (la tot* of 2,6 M wW jN |ih< after the MOTION ONE INDUSTRIALS 4M cW (1.138 1.148)1,275 words
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Article1470 1978-01-27 10 BID ud gAt price* officially listed ud kiiiiMi la aid reported ta tha Kuala Lumpur Stock Exchange yeaterday with the number at aharee traded ikon 1b bracketo in lota a# 1,000 unite ualaaa otWnriae apecif led. INDUSTRIALS A|inam»ta (2.158). V Ataam (2MB 2.578) (2) 2.56 42) 2.57.1,470 words
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Article194 1978-01-27 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of opCold Storage (March $1.78) (0.308 0.40S): (June $1.70) (0.348 0.395): C and C (March 12.20) (0.565): (June $2.20) (0.628 O.C7S):194 words
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Article117 1978-01-27 10 4 3/4* 1/5/79 (250.000) (100 608 100.70S) 5 1/4% 15/10/79 (250,000) (101.158 101.255) 5 3/4% 1/6/78-80 250,000) (101.10B) 6 3/4% 15/6/80 (250.000) (103.50B) 6 3/4% 1/12/80 (250.000) (103.70B) 5% T F 15/4/81 (250.000) (101.50B) 5% T F 15/10/81 (250.000) (I01.45B) 5% T F 1/5/83 (250,000) (100.058 100.15S) 5117 words
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Article163 1978-01-27 10 SINGAPORE UNIT TRUST INCOME BOND UNIT IMuum' pn< for Jaa 27) (Cumat pi rieaa) INCOME BOND 1 09 1.16 The Commerce 1.77 1.88 The Saving Fund 1 10 1.17 MARA BUMIPUTRA FUND S'pore Prog Fund Oil 0.86 (Managers' prion for Jaa n> S'pore Security First Bumtputra 222 227163 words
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Article2402 1978-01-27 10 I If77/lt78 1 Hi«k Low C— my LMt Bale ♦eeO's Dhr Dh CV» Wi Net y*m m Val Day C088) Higk Law SECTION ONE INDUSTRIALS IM 200 US 240 08* 205 100 271 422 140 132 165 58 212 57* 155 144 182 350 •1 Aetna AJcom2,402 words
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Article1507 1978-01-27 10 January 25 ON the Chicago Board Options Exchange, a total of 95,460 contracts were traded compared with 105,091 contracts on Tuesday. OPTION API. JLY OCT STOCK Alcot Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Bank Am1,507 words
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Page 10 Advertisements
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Advertisement50 1978-01-27 10 *|v w The Love of ne ooking •X"; Srttt > r > y l^> f .v,. o v ar;.^ *k.. /&">' t\ .Cm *j- +s 4 r^M Mnft* I I \A t 3 x: i AM x IS 253 MM m frrr^T) «mm •*s# Kenneth Lo i •r^ 3 vm50 words
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Article, Illustration665 1978-01-27 11 SINGAPORE -SELECTIVE trading ruled •ia generally quiet ud *bar«ly steady Stock Exchaage of Singapore yosterllest of ik« traded coasters hovered two eenta dtha way from their «w •night levels with declines outnumbering advances 42 toMst the close. Bat oa the whole, the underlying tone was fairly •trssf665 words
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Article504 1978-01-27 11 PACIFIC Development Credit remained a strong favourite on the Kuala Lumpur stock market yesterday with its shares surging ahead on speculative and fresh buying support, closed the day at PDC aside, the market continued to waver In barely steady conditions. A handful of the current504 words
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COMPANY NEWS
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Article, Illustration599 1978-01-27 11 MANO SABNANI - By MANO SABNANI THE present downturn in the cyclical logging industry has had its effect on the fortunes of Berjaya Kawat. For the first six months of the current year ending April 30, 1978, the company's pre-tax profit fell from nearly Ms 2 million599 words
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Article242 1978-01-27 11 IN A MOVE to rid Itself of non-income producing assets. South Johore Amalgamated Holdings (SJA) has sold Its stake in Sing Lian Express at a good profit. SJA's 475,000 shares In Sing Lian were disposed of for a consideration of $950,400 in cash, which works242 words
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Article74 1978-01-27 11 STRAITS Steamship says the sale of its 51 per cent stake in Syarlkat Perkapalan Kris to Da to Syed Bahar Shahabuddln was satisfled In cash. Replying to the Stock Exchange of Singapore's query, the company says It sold 255,000 shares of $10 each In Kris74 words
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Article73 1978-01-27 11 The following company meetings are due: Wearne Brothers: AOM On Jan 27,11.30 a.m. at Raffles Hotel, Singapore. Tin, Bhd.. Jan 28 Yussuf, Ipoh, on Saturday at 12 p.m. United Malayan Flour Mills Bhd: Jan 28 at the company's board room, Bangunan UMBC, 3rd Floor, Jalan Sulalman. Kuala Lumpur,73 words
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278 1978-01-27 11 THE Stock Exchange of Singapore has asked Pan Electric Industrie* (Pan El) and Amcol Electrical Industries how they arrived at the price of 14 million Iter the seven-storey factory building at No. 7, Kampong Kayu Road. Pan El's wholly-owned278 words
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Article264 1978-01-27 11 2 >v I 5=i Bs DM* Drte^ TstaJfcr rm •ifmr pre •Iter K.T.PM 7*1 Jut 11 Jan 37 7* 30* M Glut T*TKb) DKB Jan 31 7* MM o*ts C mad C 13* ;UM Jan 30 10* btkbibjuf 10*1 DKM Jkn30 10* 30* mi 32 9* SKAt—W 3*TTO264 words
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Article371 1978-01-27 11 A MALAYSIAN tin mine Is at present evaluating a new Australian-made wet magnetic separator that has reportedly won International acclaim throughout the mining industry. The separator, manufactured by Readings of Llsmore Pty Ltd of New South Wales, is highly efficient and should contribute much to reducing371 words
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Article68 1978-01-27 11 JACK Chla-MPH says Its option for the purchase of shares in Tung Yuan Enterprises has been extended from 45 days to 80 days. The vendor shareholders of Tung Yuan hare signed a supplementary agreement which states that the option will be valid up to Feb 9, 1978. The completion68 words
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Advertisement257 1978-01-27 11 The three bosk need? and the three ports of Britcmnkn 3 1. To get at tN facts often a single fact eesily and quickly, without having to raad a long erticle in which that fact it embedded. This need is mrvad by the 10-voluma Micropaadia, or Raady Rafaranca and Index257 words
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Article, Illustration723 1978-01-27 12 Reuter. THE CHIEF Chinese negotiator to trade talks with the European Economic Community opening in Brussels on .Monday said today he be'lleved they would go smoothly and open the way to increase trade. Mr. Sun So-chang, director of the bureau coveringReuter. - 723 words
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Article197 1978-01-27 12 R|ALAYSIAN and British negotiators met yesterday a£aln to overcome the Impasse which led to a ban on the Concorde overflying Malaysian -airspace, informed sources said. The closed-door talks take place in the wake of a continued New Delhi's refusal to allow the Concorde to overfly Indian airspace despite197 words
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Article735 1978-01-27 12 LONDON. Thurs. Prices closed lower in light trading WTth sentiment unsettled by the Midland Bank rights Issue announcement. At 3.00 p.m. the Financial Times Index was down 6.3 at 476.9. Government bonds were marked down by W, to record (alls of up to on the day following the735 words
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364 1978-01-27 12 AP. PRODUCER nations in the International Coffee Organisation cm Wednesday were pressing on with their study for a price-sta-bilising. short-term buffer stock. Their urgency steins from continued consumer resistance to present price levels and the possibility of prices plummeting this coming August if thereAP. - 364 words
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Article662 1978-01-27 12 THE HEALTH Of the American economy this year will improve slightly or remain virtually unchanged. Its stability is mainly supported by the upward climb of business and consumer spending, construction, employment and exports, and the downslide in inflation and tax cuts. But It will662 words
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Article134 1978-01-27 12 THE •BRITISH government announced yesterday payments for compensation for the nationalisation of the aircraft and shipbuilding industries of 1'21.95 million (3599.65 million). Industry Minister Gerald Kaufman said that payments on account will be made by the Bank of England in about two weeks. Compensation payable Is satisfied134 words
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Advertisement70 1978-01-27 12 NOTICE To the holders of the floating rate U.S. Dollar Certificates of depooit due 30th January, 1981 of*. Banque Nationale De Paris Overseas Union Shopping Centre, Coilyer Quay, Singapore 1 We hereby certify that the rate of Interest payable on the above-mentioned certificates of deposit for the interest period beginning70 words
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Advertisement279 1978-01-27 12 >V X ■♦C iiiiii a P -V *4 M ii ■r m t t r v <r ■a f i Fly Pakistan International to serene Colombo and 11 other cities in the Orient. 51 flights a week in and around the 12 cities of Pakistan International's Orient Pakistan International flies279 words
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