The Business Times, 6 January 1979
1979-01-06
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The Business Times
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Title Section10 1979-01-06 1 BUSINESS TIMES M.C.(P) No. 141/1/79 SATURDAY, JANUARY 1,1179 50 CENTS10 words
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BRIEFLY...
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Article69 1979-01-06 1 Reuter BANGKOK, Fri. Anti-government rebels today claimed virtual control over one-third of Kampuchea but a defiant Prime Minister Pol Pot said his forces had launched a guerilla war and vowed to win it. The rebel news agency Saporamean Kampuchea (SPK) said the opposition forces now control most ofReuter - 69 words
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Article70 1979-01-06 1 AP MIRI (Malaysia), Fri. The British protectorate of Brunei will sign a treaty with Britain at the palace in Bandar Seri Begawan on Sunday, granting the Sultanate full independence by the end of 1983, the weekly Borneo Bulletin reported today. Sultan Sir Muda Hassanal Bolkiah will sign forAP - 70 words
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Article63 1979-01-06 1 AP EXPORTS and re-exports of rubber from Singapore declined in October by 6,353 tonnes to 92,435 tonnes from October 1977. Rubber exports and re-exports for the first 10 months of last year fall by 22,946 tonnes to 926,931 tons. However, import of rubber, mainly from Malaysia, Thailand, Vietnam,AP - 63 words
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Article61 1979-01-06 1 AFP BANGKOK, Fri. Thailand will send an eightmember delegation to China at the end of this month to negotiate commercial shipping between the two countries, a Thai Communications Ministry spokesman has announced. The talks are expected to result in Thailand's second navigational agreement with a socialist country,AFP - 61 words
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Article70 1979-01-06 1 Reuter. BANGKOK, Fri. Thailand's economic outlook for this year is bright despite an increase in world oil prices, according to the Thai National Economic and Social Development Board. Inflation is expected to be 8 per cent compared with 8.4 per cent last year when higher oilReuter. - 70 words
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Article59 1979-01-06 1 UPI LONDON, Fri. The US dollar opened higher in most of Europe today and closed in Tokyo with a fractional gain. The price of gold rose substantially. Gold jumped to U*****,375 an ounce in Zurich, against an overnight $222,875. On the London bullion exchange it rose to $226.00UPI - 59 words
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Article90 1979-01-06 1 AP NEW YORK, Fri. The stock market continued its new year rally this morning, with gainers outnumbering losers 3 to 1 in early trading. The Dow Jones index of 30 industrials advanced 1.56 points to 827.70 in the first half hour. Analysts said the Federal Reserve's report onAP - 90 words
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Chief Price Changes
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Article134 1979-01-06 1 Rises Most Active Setron Nat Iron Tronoh Mines 203 615 660 42 25 20 H Par S Darby 348,000 327,000 I C B 299 15 F Merlin 178,000 C K Tang 193 14 UOL 135.000 Oriental Hldgs Consplant Wrts 530 330 10 10 Total Turnover: 5.11m Hume134 words
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Article, Illustration136 1979-01-06 1 LIGHT profit-taking towards the close pared gains marginally sn the Stock Exchange of Singapore yesterday. The Straits Times index moved 2.M points higher to 355.41. The volatile Business Times Index gained 17J7 points to 1756.29. Rises A Most Active Wilkinson Dunlop Est Matsushita L Perak N Serendah136 words
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Article, Illustration633 1979-01-06 1 SOH TIANG KENG - GM SLATED FOR BY-ELECTION By SOH TIANG KENG FORMER Citibank vicepresident, Mr. Wong Nang Jang, is tipped to become a general manager of Oversea-Chinese Ranking Corporation. Mr. Wong will join OCBC at a time when there will be a reshuffling of functions of its three633 words
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Article215 1979-01-06 1 THE latest batch of 254 Vietnamese refugees arrived in Singapore on Christmas Eve. A Sealand ship carrying cargo bound for Singapore rescued them when their boat was floundering in the rough South China Sea. They were allowed to land in Singapore when the US government215 words
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531 1979-01-06 1 Japan's largest glass manufacturer, Asahi Glass, is setting up a plant in Singapore this year to produce specialised glass required by the giant Hitachi-Singapore Government colour TV tube plant here. The investment by Asahi Glass, belonging to the Mitsubishi group of companies, was531 words
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Article154 1979-01-06 1 SOCIETE Generate, one of the top four French banks, will open an offshore branch in Singapore in March. It is the second French bank to get approval from the Monetary Authority of Singapore to open an offshore branch. The other is Credit Lyonnais, second largest bank in France154 words
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240 1979-01-06 1 THE WEST German nttonal airline, Ltftkun, will lakihui new holiday lam between Australia and West Germany en Feb 1 which will be abMrt half that at the existing rates. Ne stopsven will be allowed nnier the new price The existing fates ullew one240 words
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Article360 1979-01-06 1 THE majority of the directors on the board of Singapore Finance Ltd (SFL) has committed 3.81 million shares to United Overseas Bank (UOB). This was revealed in a statement issued by the board in compliance with the Companies Act. The directors have refrained from commenting360 words
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Page 1 Advertisements
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Advertisement24 1979-01-06 1 FTTTi hand when Wayfoong Mortgage you need and Finance (Singapore) Limited it mOSt Shaw House. Ground Floor. 334 Orchard Road. Singaiiorr 9 lei. *****724 words
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Advertisement100 1979-01-06 1 I ■*> m Nw> >SA mil IrtIiMEYOUGWE To BWWEST. Chances are that at Pan-West we have just the right equpment to help improve your game At Pan-West we stock the finest range of top quality golfing equpment Confidence. Honma. Lynx to name a few Drop in on us and browse100 words
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Advertisement85 1979-01-06 1 ICI graap IUMhM into film SYNTHETIC Recta stows dmre expa—l— la Malaysia... Z pram!m r TT 11 Feeilag the piaefc tithe Mep- THE year tfcai was 11 cedes price I FESTIVE toast fer is—fc THE sabtlettes sf eeapslitfes..... I iatertoak rate 5......................... 12 NEW Ysrk toetoas fereiga SINGAPORE keea sa85 words
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Advertisement466 1979-01-06 1 RICOH Call *****33 for the world's largest selling copier Mvh i Private Limited BUSINESS TIMES From next week Business Times will look a little different from what it has been. In order to broaden our coverage of events and happenings that are of consequence to our readership, it has been466 words
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TRADE AND INDUSTRY
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580 1979-01-06 2 THE ICI group of companies will invest another Mslo million for immediate expansion of its paints business in Malaysia. In conjunction with the major expansion, share ownership of ICI Paints (Malaysia) a whollyowned subsidiary of the group will be restructured to include580 words
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614 1979-01-06 2 THE United States Steel Corp. has agreed to develop the largest iron ore mining facility in the world for China for "well over US$l billion (about 552.2 billion)," steel company sources said on Friday. The mine will be located at Chitashan in north-east614 words
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Article385 1979-01-06 2 SOH TIANG KENG - By SOH TIANG KENG MANY eempaalee are grad sally reptodag thrir Mcrecta Bcas ears wltt Ins mmmt m ean as part sf aa eciatmy drive. These Unas will still keep the Mercedes the ear with saeb appeal for their top exeeatives rack as the -"g*-g director385 words
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Article, Illustration455 1979-01-06 2 YOU CAN now send heartbeats by telephone. Electro Medical Engineering of Australia has developed the "1068 Electrocadiograph Sender," or cardiophone (right) that allows a person's electrocardiograph (a record of electric currents generated by heartbeats) to be transmitted via the telephone to a receiver installed455 words
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282 1979-01-06 2 BUTTER, rice, sugar, wheat flour and cooking salt will have to be sold in standard metric units from July 1 this year. The sale of these items in standard metric sizes is compulsory under an order being introduced in the Weights and Measures Act282 words
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Article284 1979-01-06 2 A CONFERENCE will be held here next week on the problems associated with claims by contractors, and the preparation of contract documents. Organised by the Institute of Building Singapore Centre, the conference on "Building and Civil Engineering Claims" will be conducted by a Queen's counsel,284 words
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Article142 1979-01-06 2 THE NATIONAL Productivity Board, in collaboration with the Asian Productivity Organsiation (APO), will hold a symposium on productivity measurement at the Regional Language Centre from Jan 8-12. The objectives of the symposium are to improve productivity measurement practices in APO member countries, through the exchange of142 words
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316 1979-01-06 2 AFP THE director of the Hongkong General Chamber of Commerce J.D. McGregor estimates that China's foreign exchange earnings from Hongkong could total US$3 billion (5J6.6 billion). Speaking at a Chinese University of Hongkong forum on Thursday. Mr. McGregor said overall trade withAFP - 316 words
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261 1979-01-06 2 THE Singapore Institute of Standards and Industrial Research (Sisir) has completed another six draft standards which have been released for public comment The first of these is for precast concrete, kerbs, channels (gutters) and dividers, and specifies requirements for the precast "products" on261 words
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Article32 1979-01-06 2 PORT facilities in Dili, the provincial capital of East Timor, have been reopened for general international trade, the Indonesian government announced yesterday. The port was closed late in 1975.32 words
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Article175 1979-01-06 2 SINGAPORE has become one of the seven main markets for Australian-made rotary vane high vacuum pumps, according to an Australian pump manufacturer. The lightweight pumps, manufactured by Jigtool High Vacuum Pte Ltd, are used by research and hospital laboratories. These pumps are easy to175 words
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203 1979-01-06 2 UPI A JAPANESE-AUSTRA-LIAN project has been launched to explore squid fishing in waters off Australia. Disclosing this, the daily, The Australian, said the project was announced on Thursday by Federal Primary Industry Minister lan Sinclair and officials of the state governments of South Australia andUPI - 203 words
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Article, Illustration761 1979-01-06 3 POTENTIAL world production of palm oil this year is estimated to reach a new high of 3.9 million tonnes compared with 3.4 million tonnes in 1977/78, according to a forecast by the US Department of Agriculture. This will represent the first increase in761 words
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Article147 1979-01-06 3 Reuter THE Philippines' coconut oil exports will rise 6 per cent this year to about US$54O million (Ssl.lB billion) from last year's preliminary figure of 1510 million. Disclosing this, the Trade Ministry forecast that garment exports would rise to about $440 million from lastReuter - 147 words
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Article378 1979-01-06 3 COURSES AND TALKS Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), SITC, SITC Jan 6: Dynamics of communication and growth workshop, Hyatt Hotel, Dr Dale Bailey Jan 6, 13 20: The Effective Secretary, SIM conference room, Mr Tan Teck Huat Jan 8-19: Personal and company378 words
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654 1979-01-06 3 MALAYSIA is expected to send a high-powered delegation to the meeting of the Asian Group of the Group of 77 in Colombo next week, to prepare for the Unctad V in Manila in May-June. The Colombo preparatory meeting, an event of654 words
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224 1979-01-06 3 SOME 30 per cent of Malaysia's insurance policies are obtained through insurance brokers and there are indications they would handle more business in future. Mr S.F.Leow, a director of Mulia Brokers (Insuran) Sdn Berhad, said competition in the industry remains stiff as is normal224 words
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Article341 1979-01-06 3 BETWEEN three and four thousand local and oversea buyers are expected at this year's Hongkong Ready-to-Wear Festival which starts a six-day run on Jan 13. Organised by the Trade Development Council, it will mark the 12th anniversary of the festival and is being regarded341 words
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Article359 1979-01-06 3 THE small townships of Fusing, Lahat and Papan in the Kinta Valley in Perak are literally sitting on rich deposits of tin ore. According to mining officials, this is not just based on assumption but also on old reports. "An example is Lahat, where according359 words
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Article72 1979-01-06 3 Reuter INDONESIA is preparing industrial codes to govern relations between largescale and small-scale indus- tries. i The semi-official Antara news agency reported the i Industry Ministry's Director-general for Miscellaneous Industries as saying the codes would limit operations of large industries to products which small factories cannot manufacture. ItReuter - 72 words
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Article124 1979-01-06 3 THIRTY-NINE apprentice* have beea by their Dm far the Ap prea tiee-af-t he-Year eampetittaa irgeataM by the ladastrtal Tralatag Board. The eeiapetlttoa, to gpnif t§ greater interest haJ amwa. AMU tieeehlp, are epeaed to all Bnns that have apprea tteea registered with the beard. The eatraato124 words
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Article98 1979-01-06 3 JAPAN'S money supply remained high in November, suggesting inflation in coming months. The Bank of Japan said yesterday the average money supply cash in circulation plus demand and time deposits at commercial banks soared 12.3 per cent over the same month of 1977. In October, the98 words
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Article72 1979-01-06 3 SINGAPOREANS may soon enjoy the use of the world's first, fully-digital telephones manufactured by International Telephone and Telegraph Corporation (ITT). The new telephones provide data facilities not available now in normal subscriber services. These include a full display incorporated in the subset, which indicates the number of72 words
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128 1979-01-06 3 Reuter THAILAND'S padi production during the current year is expected to be around 16 million tonnes, including about 2 million tonnes from the second crop harvest in the later half of this year, Agriculture Minister Prida Kamasutr said. Thailand's padi production last yearReuter - 128 words
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Article45 1979-01-06 3 INDONESIA earned about US$l7O million (5J374 million) from fish exports last year, said the country's Minister of Agriculture. Mr Sudarsono Hadiseputro said the country's fish production last year amounted to 1.2 million tonnes, while the potential was 4.2 million tonnes a year.45 words
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Article172 1979-01-06 3 THE Ministry of Social Affairs has laid down the circumstances under which pawnbrokers can dispense with a guarantor for a pawned article. The conditions are laid down in the Pawnbrokers (Amendment) Rules of 1978 issued yesterday and published in the government Gazette. Under the old172 words
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Article31 1979-01-06 3 THE US Export-Import Bank yesterday announced it had approved a financing arrangement to help the Philippines purchase US$lOO million (Ss22o million) worth of US goods over the next year.31 words
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Page 2 Advertisements
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Advertisement347 1979-01-06 2 The [LIFE] Library Of Photography helps you to see great picture possibilities -all around you... ZV, wPi r ill n I The Life Library Of Photography Each volume measures 10 y l* x 10'/< inches (26 x 26 cm). Hard cover, silver stamped black-cloth binding.24o pages Approximately 300 illustrations, many347 words
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Page 2 Miscellaneous
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Miscellaneous593 1979-01-06 2 TWO-IB t CROSSWORD CRYPTIC PUZZLE ACROSS 1 Lift shafts, from the sound of them (4) 4 Garth, for instance, in a heavenly sense (6) 8 How to send fish? (3) 10 Waves some nonsense aside (4) 13 May go for a tramp (8) 14 Pole-squatted? (7) 15 Rope together outside593 words
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Page 3 Advertisements
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Advertisement144 1979-01-06 3 r*: f V it M •V i *> s ?V i) v waSr r .A "IV V. i V^c--42, trar r /c 0 01 3. v V i «*l v 1 Join the happy crowd who have discovered the clean, smooth taste of Tsingtao beer. Brewed from th® mineral waters144 words
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RAW MATERIALS
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Article473 1979-01-06 4 THE Singapore rubber market yesterday closed higher with January One RSS buyers quoted at 234.50 cents per kilo, up one cent on Thursday's close, dealers said. The morning session finished higher with January One RSS buyers quoted at 235.25 cents per Idlo, up 1.75 cents from473 words
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Article29 1979-01-06 4 Rubber: Jan 5 Singapore: January: 234.50 cents (up 1.00 cent) Malaysia: January: 236.25 (up 0.75 cent) Tin: $1,810 (down $11) Official offering: 260 tonnes (up 30 tonnes)29 words
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Article338 1979-01-06 4 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 234.50 235.50N 234.00 235.00N Int. 1 R.S.S. Jan 235.00 235.50 234.50 235.00 Int. 1 R.S.S. Feb 235.00 235.50 234.50 235.00 Int. 2 R.S.S. 231.75 232.75N 231.25 232.25N338 words
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Article104 1979-01-06 4 NOON SSR and SMR prices yesterday Ftokraary RAS JMI wy (Cwra D. M ■t Mtk) (Farwart Mtk) Biyws §0||0fi ij® y* in (eeala P«k8) (om taper kg) SSR 20 (1-ton pallet) 232.50 234.50N 233.50 235.SON SSR SO (1-ton pallet) 229 50 231.SON 230.50 232.50N MKELB SMR5CV (1-ton104 words
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Article189 1979-01-06 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne P. 0.8. basis Bangkok) WMte rlt*: 100 pet Ist class 325, 100 pet 2nd class 310, 100 pet 3rd class 306, 5 pet 292, 10 pet 272, 15 pet 267. 20 pet 255. 25 pet 262,189 words
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Article320 1979-01-06 4 THE Singapore produce exchange yesterday saw marginally higher activity. Since most of the markets opened this week after the festive season, prices were reported to have moved upwards slightly. Traders said that they were anxious to cover their positions after the holidays. However, no major price stock movements320 words
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Article130 1979-01-06 4 SUGAR FUTURES trading in Hongkong yesterday was quiet with turnover unchanged at two lots. March closed at US 8.46/ 85 cents, against Thursday's 8.50/90 close, and May at 8.57/9.05, against 8.60/.10. Sugar Futures closing prices: Clateg hirtw Mcfa 8.46 885 8.50/90 May 8.57/9 05 B.CO/910 Jly 8.90/915 S.M/9JO130 words
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Article189 1979-01-06 4 YARN and canon in Hongkong dollars, spot ex-godown CaMsn yara: China Blue Phoenix 20s 2.300. 32s 2J80; 40s 3.000 (per bale of 400 lbs) Plana gsods: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly unq; Flying Geene unq (per piece X189 words
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Article199 1979-01-06 4 ROBUSTA FUTURES in London yesterday morning ended the opening call slightly easier down £13 to £26 per tonne from Thursday. Turnover was 834 lots which included one large block self trade of 300 lots in March. Values declined on commission bouse and dealer selling. Spot Jan ended the opening199 words
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Article74 1979-01-06 4 C.I.F. North European ports. In US dollars per ton unless otherwise stated LONDON: Thurs Previous Malaysian 5%ffa bulk per tonne 815slr February unch March 610slr 615slr Sumatra 5* f fa bulk January 627 50slr 827.50pd February 625s lr 622.S0pd March 817 50pd 625s lr April 617.50pd 625slr Nigeria74 words
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Article132 1979-01-06 4 SUGAR TERMINAL in London yesterday morning opened £0.70 to £0.25 per tonne below Thursday's 1700 hours levels and turnover totalled 479 lots. The market eased under trade and local selling and long liquidation, which dealers felt was prompted by the failure of prices to follow through to the recent132 words
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Article149 1979-01-06 4 COCOA TERMINAL in London yesterday morning opened £7 to per tonne up and turnover totalled 1224 lots. Market was quiet with most of the volume consisting of self trading operations. Prices moved slightly higher with sellers rather reserved following overnight reports from New York that some sources were estimating149 words
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Article369 1979-01-06 4 GOLD FUTURES in Singapore yesterday held steady throughout the day supported by local buying interest, dealers said. Opening indications were marked up between US$4 and $5 an ounce reflecting firmer overseas gold prices and thereafter showed little movements, they said. v Trading was moderate and turnover increased to 148369 words
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Article147 1979-01-06 4 WHEAT futures were off a fraction of a cent in nearby months but gained a shade elsewhere in Chicago on Thursday. Prices held within a range of less than two cents in quiet trade with commission houses on both sides of the market. Most morning transactions were of small147 words
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Article65 1979-01-06 4 LEAD in London yesterday morning finished up £3 for cash and £1.5 for three months. The tightening nearby position and continued Soviet enquiry gave the market further support and by the end of the kerb the backwardation widened to £44 compared with £36 paid at one stage in the65 words
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Article158 1979-01-06 4 SOYBEAN futures closed up 2-1/4 to off 1/2 cent a bushel with the losses confined to two deferreds in Chicago on Thursday. Local and professional selling in the final hour trimmed earlier advances by as much as three cents, traders said, but continued exporter and commission house buying held158 words
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379 1979-01-06 4 THE Singapore and Malay- < sian rubber markets opened i the New Year on an easier note, said Htttiay, Caller ud Balk in its weekly re- 1 view for the period Dec 21 to Jan 4. Values lost some six cents per kilo over the379 words
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Article47 1979-01-06 4 ZINC in London on Thursday was up £3 for cash and £3.75 for three months. The afternoon market was well maintained in moderate two way trading. The morning session found some chart buying resistance for forward metal while cash support was probably producer inspired, dealers said.47 words
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Article207 1979-01-06 4 THE Straits tin price in Penang yesterday dropped M$U per picul to »,810, $110 above the International Tin Agreement ceiling, dealers said. Increased supplies of tin concentrates by miners coupled with lower London advices depressed market sentiment slightly, although there were reports of strong US and European demand207 words
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Article210 1979-01-06 4 SOME PROMPT physical from West Germany in London yesterday morning aided the trend and three months traded up to £793 in the pre-market and finished the kerb at £791 under light profit-taking. Sales of 6,100 tonnes mainly carries. Cathodes were mostly unchanged with sales of 250 tonnes mainly carries.210 words
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MONEY AND EXCHANGE$
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Article430 1979-01-06 4 THE US dollar closed weaker against major currencies on the foreign exchange market yesterday, although it finned after lunch. Dealers attributed this to profittaking. In the yen counter, the US dollar opened at 196.60/70 and was brought up to the day's high of 197.30/40 before sinking to close430 words
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Article164 1979-01-06 4 Asian rates ASIAN currency deposit Interbank rates as at close on Jan 5 US Doll*r*<Spot) Offer Hid 7 days 10 13/*****1/16 1 month 1I'» 11*4 2 months U'< UH 3 months 11'* 11 1 6 months ll'i U'» months 12'• 12 12 months 121/16 1115/16 1 month 3 months 6164 words
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Article67 1979-01-06 4 ZURICH exchanges closing quotes on Jan 4: US 1.C807 6522 Sir 3 3281 3323 Can 1 3881 3888 Dmk 89 1547 2840 OA 82 5889 7341 Ffr 38 9314 *****0 Btr 564*2 6582 Dkr *****2 1377 Nkr 32.8836 7557 Skr 38 0433 38 08K Ut Q.W73 1976 Aus acti67 words
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Article52 1979-01-06 4 Range of prk :ei offered by 3 o JB 'O on Jan 5: Overnight 4 Call depoaita 4'»% Closing Baying Selling 3 month Treasury bills 4'. 4 3 month Bank bills 7 7/16 75/16 3 month CD 7 9/16 7 7/16 6 month CD 711/16 78/16 Source: National Discount52 words
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Article21 1979-01-06 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7.75 per eent.21 words
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Article45 1979-01-06 4 FRANKFURT exchanges opening quotes yesterday: USIHB 20 Can 1 5635 55 Stg 1.725 735 Dfl 92.58 81 Sfr ***** 112.15 Lit 2 221 231 Ffr 43 80 72 Nkr 38 .55 85 Bfr con 8.353 343 Btr fin 8218 8258 Yen 0 9410 3045 words
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Article237 1979-01-06 4 THE US dollar in London yesterday opened generally slightly firmer than Thursday's closing levels in light early trading, dealers said. It started at 1.8525/35 marks against its 1.8475/90 close, at 1.6520/35 Swiss francs against 1.6480/6510 and at 196.65/85 yen against 196.00/196.30. But dealers added the dollar was tending to237 words
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Article204 1979-01-06 4 THE HONGKONG dollar was quoted sharply above its overnight close in San Francisco in very thin late trading, dealers said. The Hongkong unit rose to a late 4.7590/620 to the US dollar from California's $4.7745/55 close and its $4.7660/80 opening in Hongkong after rising to around 4.7550 at one204 words
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Article125 1979-01-06 4 THE US dollar in Tokyo yesterday for overnight delivery closed firmer at 196.85 yen, compared with a 196.70 opening and 196.80 at yesterday's close, dealers said. The dollar fluctuated between 196.60 yen and 197.15 throughout the day in quiet trading, with volume $389 million, dealers said. Japanese banks bought125 words
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Article120 1979-01-06 4 THE DOLLAR in New York on Thursday closed mixed in generally active trading, dealers said. They said the unit traded erratically, easing slightly on news Iran's army commander resigned and left the country, then recovered again. The dollar closed at 1.6465/85 Swiss francs, compared with the opening 1.6600/10120 words
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Article55 1979-01-06 4 AUSTRALIA/NZ exchanges quotes yesterday: US dollar 1.14(2/ 1.1414 Sterling 0 5701 0 5437 Ninety-day air mail buying rate*: Sterling 0 58® US doUara ***** Ninety-day forward buying rates: Sterling ***** US dollan ***** New Zealand: Sterling 052H 0 5252 US dollar 1.0871 1 0571 Ninety-day airmail buying rates: Sterling55 words
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Article50 1979-01-06 4 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Jan 8 to Jan 11: Offered: $20,000,000 Applied fer: J41.500.000 Alleged: $20,000,000 Accepted Mds: $98.96 approximately 67 per cent higher bids in full. Average rate ef dleeeeat ea alletmeat: 4.060 per cent per annum.50 words
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Article147 1979-01-06 4 SILVER in London on Thursday was up 2.0 to 2.3 pence. The afternoon market gained further ground on covering prompted by the further advance in gold with three months trading upto 3017 pence in the ring before profit-taking trimmed the position to 303.9 pence on the kerb. Morning values147 words
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Article58 1979-01-06 4 ALUMINIUM in London on Thursday was down £1 for cash and unchanged (or three months. There was some pickup in dealings during the early afternoon prompted by fluctuations in sterling against the US dollar. The morning market was lightly traded with the backwardation narrowing slightly to £2 from £2.558 words
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Page 4 Advertisements
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Advertisement152 1979-01-06 4 a r Total Poker is a book for winners: it's as good as having four aces and another up your sleeve. David Spanier clearly analyses modern play and modern players, with an in-depth examination of the tactics, techniques, bluffs and skills necessary for success at poker. The book gives a152 words
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OVERSEAS
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Article722 1979-01-06 5 ARRIVALS Service Local Operator Number Tiae Proa MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQI01 0815 KUL MAS MH621 0640 PEN MAS MH607 0845 KUL RBA BI323 0830 BWN MAS MH671 0945 PEN/KUL CAL CB06 1000 HLP CPA CX710 1006 HLP GIA GA980 1030 HLP722 words
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Article, Illustration350 1979-01-06 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Altair (0530 after Pateverett) 25/26. Barge LS 74 (0700 after Shoryu Maru) 13. Barge LS 86 (0730 after Shoryu Maru) 13. Dove (after Shoryu Maru) 14. Gerbera (after Esquilino) 31. Globe Express (after Wakamizu Maru) 47. Hupeh (after Samoa) 38/ 39. Leslie350 words
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Article254 1979-01-06 5 Reuter. THE INTERNATIONAL Monetary Fund returned 9,982 kilos of gold to France under a plan to restore some IMF members' gold, the Bank of France announced. The return of the precious metal will result in a rise in the country's gold reserves to 83.88 billionReuter. - 254 words
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Article82 1979-01-06 5 A STRIKE by British lorry drivers entered its third day yesterday with newspapers running short of paper, and a wave of food and petrol panic-buying. The strike, in support of a pay claim, brought to a standstill the country's major ports at Southampton, Hull, Liverpool and82 words
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843 1979-01-06 5 Agencies IRANIAN oil workers will not resume exports until the Shah leaves the country, an Iranian opposition National Front Party ■r < said. He was reporting an agreement reached on Wednesday between representatives of the striking oil workers and two senior oppositionAgencies - 843 words
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Article81 1979-01-06 5 Reuter BRITISH-eeetor Nerth 8m ail pretacttea la Nevember wae nMd LI mffllM tiMH, er m tvtnn ef 1.28 mUttM barrels a day, (—ipiwd with Si miMea r aV fn y |Ti" N#vefnber Priiettlsa fiTmim— Ummtm er 1.11 mill— toda a day. The laereaee reflects last year's start-apReuter - 81 words
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Article230 1979-01-06 5 AP. THE US Civil Aeronautics Board on Thursday ordered US airlines to segregate cigar and pipe smokers from other passengers and said it will ask for public comment on whether all amniring should be banned on commercial flights. The only government rule now in effect requiresAP. - 230 words
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799 1979-01-06 5 NYT. AFTER half a century of frustrating attempts to cook gas out of coal deposits deep in the earth, the technology is on the threshold of becoming economically efficient, according to Mr Edward L. Burwell, who beads the Department of Energy'sNYT. - 799 words
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Article499 1979-01-06 5 THE American Federal reserve is likely to maintain a steady monetary course in the near future, reflecting the continued moderation in money supply growth, money market analysts said. The New York Federal Reserve Bank reported narrowly defined money supply M-l declined US$6OO million, (SJI.2 billion)499 words
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WORLD IN BRIEF
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Article458 1979-01-06 5 THE LAYOFF of 400 city workers ordered for yesterday by Mayor Dennis Kucinich was put off (or five days on Thursday night, by a Judge who agreed the mayor should first lay off workers without civil service protection. Cuyahoga County Common Pleas Court Judge Richard Markus granted a458 words
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Advertisement143 1979-01-06 5 1 aOnU Study with the UNIVERSITY PREPARATORY SCHOOL f-—-—1 TORONTO, ONTARIO UPS specialises in preparing overseas students for Grade 12 and 13 Examinations leading to entry to Universities and Colleges in Canada and USA. UPS is registered with the Ontario Ministry of Education and its Credit and Diploma courses are143 words
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Article346 1979-01-06 6 WE ARE witnessing the end of an era. The West Germans are about to be overrun by the Swedes, the French and the British. These latter three Europeans will soon celebrate their victory in the great War of the Company Car. For a long346 words
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Article214 1979-01-06 6 A MAN'S word should be his bond. This has been the proud boast of Singapore businessmen for many years and should remain so in the years to come. Yet from time to time, there is the odd case of greed which makes a man214 words
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1387 1979-01-06 6 FLORA LEWIS - THE operating word for international politics in 1979 is ecopolitics, replacing the geopolitics of a previous era when it was geography which dominated the lines of force around the globe. FLORA LEWIS explains how the China factor in world affairs has affectedNYT - 1,387 words
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Article859 1979-01-06 6 ROZ LISTON - By ROZ LISTON UPI FOREIGNERS kesgkt America la 19»: Ms Industries, stocks ui real estate. The Freaek an aeqairiag a stake la Americas Meters Carp., a Lstla America* parekased a (arm la Virginia's Heat csaatry fsr slmest UB$Z mUßea (8*4.4 mllflss) aai a West Germsa kaak waitsUPI - 859 words
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Page 6 Advertisements
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Advertisement137 1979-01-06 6 w ki No dinner is complete without a White Label Aaothcr prod act from Come and g;et it! r fongilit.t. .7 prgg Lobatara. Brtmi. Or tamping a la carta. Tha choiea ia your*. For heety nwl, ewey horn the huette end buelle. Ttw*t no t»«w ptac* than the Ficw Rwtturmt-*137 words
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Advertisement35 1979-01-06 6 The best place to wine and dine in the worlds fourth largest harbour 1 f I j EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn 253635 words
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Page 6 Miscellaneous
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Miscellaneous59 1979-01-06 6 Outlook tor Singapore from 6 a.m. to noon today: Isolated showers. Bepwrt for 24 htm prfor to 7J9 pun. m Ju S at toe airport: Maximum temperature 25.9 Associated humidity 87 Minimum temperature 23.0 C Associated humidity 100 Hours of sunshine Nil Rainfall in millimetres 17.7 Total rainfall for the59 words
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Miscellaneous250 1979-01-06 6 tTitfRP SINGAPORE 5 1.05 PM Opening f otto wed by Sesame Street* 2.05 Saturday Matinee "Goodbye, My Fancy" with Joan Crawford, Robert Young and Eve Arden 3.50 Fish* 4.10 Sepak Takraw Tournament, Khir Johari Cup final (M)* 4.55 Sandiwara (r) 5.40 Codeß* 6.30 News in brief* 6.35 Capriccio Guitar (r)*250 words
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Article, Illustration1715 1979-01-06 7 JAMES STERBA - NEW YORK used to take foreign affairs for granted. But now it has finally begun a hard-nosed exercise to attract foreign business. And its emerging competitiveness, JAMES STERBA writes, has already spawned an unusual spree of global attentiveness on the part of city and1,715 words
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Article210 1979-01-06 7 Donald Ng - Letter to the Editor Donald Ng Dear Sir, I refer to your Mr. Teo Teck Weng's article on The Orchard in the Business Times (Dec 30). His second last paragraph claims that the record price paid for Orchard Road land is Ssl29 per square foot by Far East210 words
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Article329 1979-01-06 7 SOME coincidences are scarcely believable. Take the current issue of Lion City, a free publication directing tourists to the Joys of Singapore. It carries a picture of an Indonesian tourist inspecting carpets in a Singapore shop. Harmless enough but nevertheless surprising in that the "tourist" bears329 words
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Article885 1979-01-06 7 Yuko Nakamikado - (FOEPM r ...with Yuko Nakamikado Reuter JAPAN HAS entered the final year of one of its most traumatic peacetime decades confronting major economic, political and diplomatic problems. Last year saw increasing international disapproval of Japan's large trade surpluses, a spate of left-wing extremism centred mainly on Tokyo's newReuter - 885 words
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Page 7 Advertisements
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Advertisement289 1979-01-06 7 MKslPfe ki r "COME, WINE AND DINE IN THE MANNER FIT FOR IMPERIAL LORDS" Now, there's a place where you can really feast like the Imperial Lords. The Chinatown Restaurant. Serving the best of Szechuan cuisine. Shanghainese. Peking and Cantonese specialities. Our chef from Hong Kong promises a wide selection289 words
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Advertisement72 1979-01-06 7 ORCHID INN 214 Duncarn Road, Singapore II Tel: *****2 HOTEL PHOENIX SINGAPORE Orchard/Somerset Roads. Singapore 9 Tel: 37*666 PENINSULA HOTfcL Coleman Street, Singapore 6 Tel: *****1 RAhhLES HOThL 1-3 Beach Roud, Singapore 7 Tel: *****1/***** SHANGRI-LA HOTtL 22 Orange Grove Road. Singapore 10 Id: *****4 SINGAPLRA hORLM HOTEL 585. Orchard72 words
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Page 7 Miscellaneous
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Miscellaneous7 1979-01-06 7 UJNCU IN Twe rFNRK TOO f*Y BRiSTOu)?7 words
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INTERNATIONAL STOCKS
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Article630 1979-01-06 8 Tokyo Source: DBS-Daiwa Securities THE MARKET continued bullish yesterday with interest mainly such as bank and casualty insurance issues and highpriced light electrical issues. However, large-capital steel and light- and heavy-duty electrical issues which were active and higher in the morning due to buying by the major brokerageSource: DBS-Daiwa Securities - 630 words
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Article329 1979-01-06 8 THE STOCK market closed mixed with gains in the majority at moderate trading, dealers said. The gainers included Rama Tower, advancing 8 baht to 231, Bangkok Insurance 20 to 1,044, Mah Boonkrong Drying and Silo 18 to 6,833. Thai Farmers' Bank, Asia Credit and Jalaprathan Cement rose 4 each329 words
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Article175 1979-01-06 8 THE MARKET yesterday closed higher across the board with turnover rising to 33.3 million pesos from Thursday's 24.1 million, dealers said. Gainers were Acoje Mining, Atlas Con B, Lepanto B, Marinduque B, Oreintal B, Philippine Overseas, BF Goodrich, Meralco, PLOT and San Miguel B while losers were Benguet Con175 words
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Article353 1979-01-06 8 Source: SHK Sec Ltd THE MARKET opened sharply higher yesterday In rapot to London overnight buying and a lack of scrips. As usual, the rise was overdone with Swire A hitting 18.10, HK Bank $18.10 and Hutchison $4.10 before short-term profit-takers took the steam out of the market. PricesSource: SHK Sec Ltd - 353 words
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Article63 1979-01-06 8 FINANCIAL TIMES INDUSTRIALS Thursday 481.9 Wednesday 479.9 Week Ago 472.9 DOW JONES AVERAGE INDUSTRIALS Thursday 828.14 Wednesday 817.38 Week ago 805.96 LONDON DOLLAR PREMIUM Thursday 83 Vk to 84 Wednesday 83W to 84 H.K.HANG SENG Friday 508.46 Thursday 907.19 Week ago 485.51 8YDNEY INDUSTRIALS Friday 464.06 Thursday 462.2563 words
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Article51 1979-01-06 8 BEECHAM group said its US subsidiary Beecham Inc has placed US$65 million in guaranteed notes due Aug 1. 1999, privately with US institutions. The financing was arranged by Hill Samuel Securities and Goldman, Sachs and Co. a Hill Samuel spokesman said further details of the issue are not51 words
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Article556 1979-01-06 8 EUROPEAN MARKETS ZURICH prices closed off best opening levels following profittaking with the market underpinned by high liquidity a stable dollar on Thursday. peelers Said banks showed widespread gains in a reversal of recent rather dull tradiiw conditions, led by Union BMfc Bank Corporation556 words
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Article192 1979-01-06 8 JAN 04 Francs Action* Suisse* Alusulsse Br Alusulsse Reg. Brown Boveri Br. Clba Oelfjr Br. Clba Oelfy P c Clba Oeigy Rh Credit Suisse Br Credit Suisse Re« Elektrowalt Br. Oeorfe Fischer Br Olobus Pc I uas sa 1675 1109 HO 083 2245 440 ino 380 440 44 4«192 words
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Article269 1979-01-06 8 JAN M Frs CORBEILLE Air-Llquide B S N Oervais Danone CSF Thomson CM Francalse dei Pctroiet Compagnle Flnandere CompajnK Oenerale Credit Foncler De France Hmchetle (Ubrmlrte) Machines Bull Mlchelln (B) Pari Do* Pechlney Clclne Kuhlmann Peugeot Philip* (N* Oem BeHt) PnnKmps S A Rhone-Pouience 8A Royal Dutch Sues (Cte269 words
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Article153 1979-01-06 8 JAM 04 ABN rta moo 1MJ0 Ahold 0J Akao AMEV Amfii SO JO tOJO 100 JO 0J3 0.4 1J •4J Am rot Bank Berjoruo Bote Bonumu Burhmann Bjrenkorf ZZZ TUX -OJ ZZZ not unch Calve Delft Dell Mlj Ennlft 125 00 142.00 -0J Fokker 25 .10 iU Tort Odder153 words
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Article197 1979-01-06 8 JAN <M Dm Aef-Tetefunkcn 77JO -It Akin Alii Leben m TK oc uncti 1 +5 1 s "•I E at oc 1 unch i -a -i IB 1 -1.4 TT ■n JC w BBC BMW 307 zas DO JO 1 -J e •t Canclla Chcm Verw H B Conmtnbtnk197 words
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Article93 1979-01-06 8 JAN 04 rn FORWARD MARKET Actc 413 unch Arbed 2230 -IS Aftur m -4 Btuctn 22 Bra-Lamb in unch Ctiipic 632 -4 Cocfc «M 14 D* Been 201 +4 Kbn MOO +S Electrobel mo -10 Ob-In no-Bm 2530 •10 o*» 1422 unch Hobok MOB •30 Pttra 3400 +00 Ryl93 words
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Article101 1979-01-06 8 JAN M 1 4nlr Jn njo -u Aaaoc Ocn Pajtofl ***** 11 473 47 10 1 C!mntr+U tsas *m FUt ruutder rm 137 t Oen Immob I in Pn luiccmcnti [uumtr Mafnctl M Pf Marelli Wrr Med lob M7S *0: an «a 1 am 732 *2 N7 +SJ >12101 words
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Article324 1979-01-06 8 THE MARKET firmed yesterday, led by BHP and mining leaders, dealers said. BHP rose 12 cents to $9.30, while Central Norseman added 80 to $15.20 on rumours of a planned capital reconstruction, as well the firm gold price. OU stocks were mixed, with Ampol, Beach and Crusader easing while324 words
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Article356 1979-01-06 8 GOLDS closed mixed in moderate trading on Thursday. Dealers said prices tended harder on balance following high— hiniM Mining flnsnrisls were harder with Johnnies 100 cents ahead at 2,100. Diamond share De Beers doaed five cents higher at 900 after profit-tak-tng pared an earlier riae to JAM M Rand356 words
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Article279 1979-01-06 8 THE MARKET continued it* recent advance on Thursday with the Composite Index climbing 7.3 points. Gain ted loose* 290 to 175. Brascaa A remained the most active stock, up 5/8 to 19-3/4 on 3tt,915 shares. Closing volume was 5.W million shares, up from 4.95 million on Wednesday. JAN M279 words
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Article1522 1979-01-06 8 A IBM 100 CO 61/3 a M1/4 664 Oen Poods a UNTRD UNTRD NOL M1/4 I VI 1 MIH 1 mm 1*1 J A IBM-P 4 111/4 161/4 304 Hewlett a 31 UNTRD UNTRD M74 Vl J. UQi iuaij f IBM 120 NOL 161/4 M14 M4 Hewlett1,522 words
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Article1162 1979-01-06 8 NEW YORK STOCKS scored a solid gain for the third day in a row even though a bout of late proflttaking cut into the sharp gat—posted earlier in the session on Thursday. Analysts said the market continued to be its own best news and attracted buying from1,162 words
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Page 8 Advertisements
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Advertisement128 1979-01-06 8 ass jr ttti 3£2«= W> r.nr. tfiS hbsh 5 S "..i. k: •vA sequence of twenty episodes in the life of Ayer Hitam in Malaysia, seen through the eyes of the resident American Consul. The whole spectrum of life in Malaysia is echoed, from adultery to murder, from ghost stories128 words
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INTERNATIONAL COMPANY NEWS
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Article400 1979-01-06 9 EUROPEAN FT. A SUCCESSFUL year for life business in 1978 is reported by the Prudential Corporation (formerly Prudential Assurance) the largest life company in the UK. Overall annual premium income for the year rose by 23 per cent to £142.8 million from £116.2 million. However, singleFT. - 400 words
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541 1979-01-06 9 SUN ALLIANCE and London Assurance Company, the life company of the Sun Alliance and London Insurance Group, has improved its reversionary bonus rates for 1978 on all with-profit business. On it» ordinary life assurance policies, the reversionary bonus rate is 4 per cent of541 words
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Article239 1979-01-06 9 FT. THE LONDON-BASED oil group Ultramar's offer for Canadian Fuel Marketers, a subsidiary of Shell Petroleum, has become unconditional, following the consent of the UK Treasury, the Bank of England and the Canadian Foreign Investment Review Agency. Ultramar will pay around Csss million for CFM, rather lessFT. - 239 words
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113 1979-01-06 9 UPI. THE PHILIPPINE branch of Coca-Cola Export is investing US$lO million to set up a bigger plant outside Metropolitan Manila. Re me A dad, corporate affairs manager, said its plant in suburban Quezon City would cease production once the new 5,000-hectare plant in Canlubang TownUPI. - 113 words
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Article91 1979-01-06 9 Reuter. J ARDINES INDUSTRIES said its Concept 2000 (Hongkong) and Concept 2000 NV subsidiaries sold their trade names, trade marks and other assets to Hillay Enterprises, a Hongkong subsidiary of Mattel of the United States. It gave no financial details, but said provision has been made inReuter. - 91 words
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Article180 1979-01-06 9 A NEW JERSEY state gamlsg official has recemmeaded that Beserts lateral tlsss I, which sperates Atlaatlc City's ealy g—hj castas, he fined USsl44,l* far vialatlag iateraal aad aeeeeattag eeatrels. Mr. Keaaeth RfacDaaald, a New Jersey castas esatrel esmmlssleaer, feead the eampaay iaseceat sf charges that It180 words
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Article132 1979-01-06 9 Reuter. CITIBANK said it has formed a new banking department to serve the growing number of foreign companies which make or are considering direct investment in the US. The new international corporate banking department will offer traditional banking services and expects to introduce new servicesReuter. - 132 words
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157 1979-01-06 9 Reuter. ARMCO'S National Supply Co division said it is providing the drilling equipment for Ave offshore drilling rigs now under construction for China. Total cost of the package, including a jacking system for two of the rigs, is estimated at about US$3O million, National said.Reuter. - 157 words
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Article144 1979-01-06 9 B. F. GOODRICH said it will spend about US$25 million over the next four years to consolidate several of its Akron manufacturing facilities and repair others. The company said it will raze four buildings and part of a fifth, which were built in the early144 words
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Article80 1979-01-06 9 TEXAS International said it completed the sale to NL Industries of its well servicing unit for US$lOO million. Texas International will receive $89 million cash and 111 million in NL petroleum products and services. It said the $89 million will be used to reduce substantially bank debt. It80 words
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Article630 1979-01-06 9 N.AMERICAN J SALES UP SLIGHTLY WORLDWIDE sales of Massey-Ferguson for the year ended Oct 31,1978, rose slightly to U552.93 billion compared with $2.81 billion last year. Sales of farm and industrial machinery at $2.22 billion were about equal those in 1977. Sales of diesel engines were up630 words
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Article, Illustration962 1979-01-06 9 AP TWO OF New York's biggest auction houses are embroiled in an old world feud, fought with high prices, dazzling art and new marketing devices. There is much at stake in this "gentlemen's war", when the gavel bangs down in the New York salesrooms of "modern"AP - 962 words
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1134 1979-01-06 9 OCCIDENTAL'S BID FOR MEAD FT ON AUG 11, Occidental Petroleum, the 13th largest US oil company, launched one of the biggest takeover bids seen last year a US$l billion offer for Mead Corporation, the Ohio forest products company. Four months andFT - 1,134 words
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Page 9 Advertisements
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Advertisement118 1979-01-06 9 A PENGUIN u »5" 1 >/ -V T">*dS V ®c V I THE MALAYAN TRILOGY This famous trilogy wittily dissects the racial and social prejudices of post-war Malay during the chaotic upheaval of Independence. Through a succession of splendidly colourful characters, Anthony Burgess delineates the conflict and confusion arising from118 words
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DEALS DONE ON THE SES AND KLSE
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Article223 1979-01-06 10 4 1/1% 1/8/80 (290,000) (99J08 99.408) 4 3/4% 13/9/80 (250.000) (99.008 *****) 5% 15/4/81 (250,000) (99.758 99.805) 5% T F 1/5/83 (250,000) (100.108 100.258) 6 3/4% T F 15/8/81-84 (250,000) (1(CJ06) 5% T F 13/11/84 (100 008 100 OSS) 7% 15/4/85 (250,000) (100 758 100.908) 7% 1/8/85 (250223 words
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Article1257 1979-01-06 10 SECTION ONE INDUSTRIALS Acma (2.108 2.128) (2) 2.12 Allied Choc (1.128 1.158) BAT (1) 155 CD Bat a (2.208) Ben (0.66' jB 0.675) (2) 0.66 (6) 0.67 (2) O.M' CI) 088 Berjaya Kawat (2.748 2.806) (1) 2.78C81 Bouatead (2.448) (10) 2.42 (2) 2.44 (3) 2 43 (3) 2.45XD1,257 words
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Article284 1979-01-06 10 Striking prices at the options officially listed on the Stock Exchange at Singapore, the period, bids and ottered prices and hull MM done yesterday with the number of options traded shown in brackets. CsM Storage (March $1.80) (0.468 O.SSS). P aid N (March $4.20) (0.908 1.10S) C and284 words
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Article136 1979-01-06 10 ■wurouuNiriiur t (Managers' prim hriul) The Commerce 1U U4 The Saving Fund Ul LM S'pore Prog Fund &M 0 S pore Sec. Fund 1.73 1JB S'pore Invest Fund LB 1.30 MAI ASA UNIT TRUST <B (M>Hwi' prtaoa hrlHl) fm Mai Invest Fund 2 X Ul Mai Prag Fund136 words
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Article2565 1979-01-06 10 1978/79 Hi<k Low Coapujr Last Sale orGr*s Div Div Crr Gr's YTd Net P/E Vol (•000) Day High Low 8ECTION ONE INDUSTRIALS 272 238 178 219 275 111 280 328 245 MO 132 123* 107 133 195* 59 182 173* 140* 256 Aetna Alcorn Allied Choc BAT2,565 words
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Article1515 1979-01-06 10 INDUSTRIALS Alcorn (1 »SB 1 888) A Cttac (1.12B). •«n (0 6848 0 W8) (S) 0.68 («> 0 69 (I) 0.681 Kawat (2 828 2.908) CBI. Bauataad (2 4SB 2.498) (14) 2.48 (6) 2.47 (9) 2.30 (13) 2.49 XO. ■MUiadct <1 758 2 008) XD. 1 A1,515 words
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Article, Illustration492 1979-01-06 10 CONTINUED ali«epnal haying lifted dye prices trading ndm «a Ike Stock Exchange sf Stegaptw yesterday* Altfceagh the market opened silgMty eaattoas, deals were dene at prices abeve ever night levels Mi can tinned to bever within a narrow range till the ansa break.492 words
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650 1979-01-06 10 GOOD BUYING support continued unabated at the Kuala Lumpur stock market yesterday. Trading although fairly widespread, was rather erratic, especially among the more popular stocks. These shares fluctuated wildly but managed to close marginally better. Prices opened higher on spillover interest. A steady stream650 words
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Article42 1979-01-06 10 AGM to be held at IT%M1. Mak Mandin Industrial Estate, Butterworth. at ll.tl am on Jan 8. B«v|i SEA: BOGM to k» held at the Nesara Roan erf the Kuala Lumpur HUto*. Jalan Ismail at IS too* m Jan 15.42 words
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COMPANY NEWS
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763 1979-01-06 11 SUSAN THAM - By SUSAN THAM SYNTHETIC RESINS (Malaysia), which made a promising return to the black last year, now expects to make a further improvement in its earnings for the current financial year ending June 30,1979. The group has forecast net profit before tax and extraordinary763 words
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Article, Illustration888 1979-01-06 11 lflB wu a good year for moot Malaysian companies as they reaped the benefits of a sustained recovery in the economy. Two large companies which were in the forefront of the thrust were Sime Darby and Malayan Banking Bhd. MALAYAN BANKING BHD (MBB),888 words
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Article439 1979-01-06 11 Current Ex Booka Date Total for Total for Payment Date Close Payable the year Previous year S M lad 3.5* TE Dec 14 Dec 25 Jan 6 3.5% TE 8%TE S'pore Land 5%<b) Dec 12 Dec 19 Jan 4 5% 5% Aokam Tin 25%(n) Nov 15 Nov 25439 words
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Article170 1979-01-06 11 Company Ex Date Books Close a G Ceramics Bonus Issue of 1 for 2 Dec 21 Jan 4 Selroa Bonus Issue of 1 for 4 Rights issue of 1 for 2 fe $1 50 per share Dec 28 Jan 5 Berjaya Kawat Bonus Issue of 1 for 2170 words
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138 1979-01-06 11 Reuter TRADING la Amalgamated Rabber Estates Ltd, the Rubber Trait Ltd tad the Keiaataa Rabber states (IKS) Ltd has beea saspeaded, the Heagkeag Stock Exckaage said. A stack eichaage spekesmaa said the directors of thr three rompaalro aay It is the lateattoa ef lllgblaada aad LswlaadaReuter - 138 words
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Article153 1979-01-06 11 UNITED OVERSEAS BANK mM ttat at aa extrMftfniy gcMnl dmc(lag ef the ef the ahare>iMtn ef Asia CMnmereUl BuUig CirpwiUii (ACBC) held aa Dee SI, IMS, tke majerlty ef ACBC aherehaldtrs veted tgtlait tke reaelattoa which whM have gives effect to the agreement dated Dee 8, 1178 regardlag153 words
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LATEST RESULTS
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Article50 1979-01-06 11 Interim reoalta far the Hx mmttm eaM Oct si, ira §m t»i praflt* far the pMp ma (»n,4i» t>4 far the wpaay «u 51,•♦4,7X3 («W4^7Z). Lmh aatataadtag aa at Oct 31 far the graap stead at $ssjmjm (mjuzjm), after a pravislaa far deaMfal deMa af 55,47»,123 ($2,734,7*).50 words
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Article, Illustration909 1979-01-06 11 ANTHONY TAN - The year that was a heady start but a gloomy end By ANTHONY TAN MANY WHO Joined the heady scramble for instant fortunes at the Stock Exchange of Singapore last year found mutual fellowship in the company of bemused investors, to whom the reverse had happened. For several discovered much909 words
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Page 11 Advertisements
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Advertisement150 1979-01-06 11 PENGUIN BOOKSHOP n' The RUNNERS Handbook RUNNERS HANDBOOK C**y-9 +mt im* N *-i "w 9* J4> 4 rt fc* a RVIMNSRS HANDBOOK =7 KUNN64& ViHfOO RUHHVtS MAKE SETTER I /oM£*s =3 *UNHe*S HANDBOOK RUNNING STIMULATES. lAUAstecrsl OfHfALTHi Here at last is The Runners Handbook, a complete Fitness guide for Men150 words
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221 1979-01-06 12 AFP. THE upward trend in world demand for spices continues, as it has done over the past three decades, the Commonwealth Secretariat writes in its latest fruit and tropical products survey. World imports in 1977 of major spices (pepper, cloves, capsicums and chillies, cardamon, vanilla,AFP. - 221 words
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708 1979-01-06 12 Carter's battle cry free and open trade NYT, AFP. PRESIDENT Carter officially notified Congress on Thursday that the United States would shortly sign a new international trade agreement that constitutes the first major effort of industrial nations to regulate use of non-tariff barriers, the basic impediment to freer trade. InNYT,; AFP. - 708 words
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271 1979-01-06 12 COLIN CHEE - By COLIN CHEE INTEREST rates on Singapore's domestic interbank market have started to climb since the beginning of the new year as the festive season approaches. Interest rates for term deposits such as one, two, and three months have gone up by 0.25 per cent271 words
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Article96 1979-01-06 12 Reuter. THE JAPANESE cabinet approved a draft national budget for this fiscal year, starting next April, totalling 38.60 trillion yen (Ss3B6 billion), an increase of 12.6 per cent over fiscal 1978 budget total of 34.29 trillion yen, the Finance Ministry said. The draft, worked out by the ministry,Reuter. - 96 words
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250 1979-01-06 12 ON-GOING negotiations among Malaysian, Japanese and American businessmen to set up several multi-million dollar industrial complexes in Malaysia, are expected to crystallise this year. These projects are the direct result of the highly successful investment promotion missions to Japan and the United States250 words
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Article97 1979-01-06 12 SINGAPORE'S Deputy Prime Minister and Minister of Defence, Dr. Goh Keng Swee, leaves for the United States tomorrow to take part in the Rand Corporation seminar. The seminar, to be held in Santa Monica, California, is on "East Asian Security in the 1980s." Dr. Goh will97 words
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Article758 1979-01-06 12 LONDON, Fri. Share prices closed easier after a quiet session with the industrial action by Texaco tanker drivers adding to concern over the strike by lorry drivers in the private haulage industry, dealers said. At 3.00 p.m. the Financial Times index was down 2.3 at 479.6. Leading industrialists758 words
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321 1979-01-06 12 UPI SOUTH Korea's gross national product (GNP) grew by 12.5 per cent last year to 13,693.3 billion won (Sss9 billion) in 1975 constant prices, a provisional estimate by the Bank of Korea showed. In current prices the 1978 GNP was estimated at 22,255.7 billionUPI - 321 words
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270 1979-01-06 12 AFP. TRAVEL plans af theaaaa* af CUmk tonrists to Maaila tram Hangkang, Talwaa yesterday faeed raartllaflsa sr changes, I—i «f M PhUfplM The Ctanluiii en Immlgrattea aai Departatfaa dhettod aa Tharsday that, starting Jaa 12, aaly tenrtoto with pswpirfi ar certifies toeAFP. - 270 words
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641 1979-01-06 12 UPI. CHINESE Vice-Premier Teng Hsiao-ping said yesterday China may use foreign bank loans to finance expensive imports of factories and technical knowhow from the United States and other capitalist countries. He made the statement at a meeting with 27 American reporters at the GreatUPI. - 641 words
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Article451 1979-01-06 12 JOHN LIM - By JOHN LIM THE TEAM of visitipg British businessmen, led by Mr John Smith, UK Secretary of State for Trade, has suggested that local entreprenuers participate in a three-way trade involving China. It has also said it would consider Singapore's participation in extending credit facilities451 words
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Page 12 Advertisements
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Advertisement251 1979-01-06 12 »SS* When this anthology of 36 lively stories from The Asian Wall Street Journal was first published in February, it sold out in a matter of weeks. And no wonder. It's a book the Far Eastern Economic Review called "compulsory reading... a kaleidoscope of the many facets of Asia." Now251 words
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Advertisement6 1979-01-06 12 See Page 2...U8 Steel la ChiMl6 words
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