The Business Times, 27 January 1979
1979-01-27
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The Business Times
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Title Section11 1979-01-27 1 BUSINESS TIMES M.C.(P) No. 141/1/75 SATURDAY, JANUARY 27, lf7» 50 CENTS11 words
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BRIEFLY...
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Article70 1979-01-27 1 UPI COLOMBO, Fri. Sri Lanka may introduce petrol rationing if current stocks are not replenished in time, informed government sources said yesterday. According to the sources, the State-owned Ceylon Petroleum Corp is now making a strong bid to secure stocks for the coming months. The need for largeUPI - 70 words
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Article61 1979-01-27 1 AP SEOUL, Fn. South and North Korea traded fresh statements today designed to resume their suspended dialogue but their basic differences apparently remain unchanged on how to start. South Korea in a latest move proposed to convene a preliminary meeting either in Seoul or Pyongyang as soonAP - 61 words
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Article58 1979-01-27 1 Reuter TOKYO, Fri. China needs additional capital estimated at US$2OO billion (Ss44o billion) to achieve the goals of its 10-year modernisation programme which ends in 1985, officials at the Japan Economic Research Centre said here today. The estimate was based on a recent survey. They refused furtherReuter - 58 words
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Article53 1979-01-27 1 Reuter TOKYO, Fri. Representatives of the seven leading industrial nations will meet here in March to prepare for the annual economic summit, the Foreign Ministry said today. The meeting was arranged by Deputy Foreign Minister Hiromichi Miyazaki during visits to the United States, France, Italy, Canada, Britain andReuter - 53 words
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Article39 1979-01-27 1 TOKYO, Fri. Economic relations between Japan and the United States have reached a difficult stage again despite signs that Japan is reducing its huge foreign trade surplus, a senior International Trade and Industry Ministry official said today.39 words
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Article63 1979-01-27 1 AFP KUALA LUMPUR, Fri. The Malaysian Ministry of Primary Industries is drawing up an action plan to encourage greater investment in rubber plantations to check against the country's declining share in the world rubber production. The ministry will start a series of consultations with representatives from the privateAFP - 63 words
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Article59 1979-01-27 1 UPI CANBERRA, Fri.— The Australian Air Force will help train Singapore pilots as combat instructors. Acting Defence Minister John McLeay said today training will involve the deployment of four Singapore Hunter and four Skyhawk aircraft to Williamtown, Victoria, for use during the training. The course will beginUPI - 59 words
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Article52 1979-01-27 1 UPI NEW YORK, Fri. The stock market headed sharply and broadly higher early today in heavy trading. The Dow Jones industrial average, an 8.23point winner yesterday, was ahead 5.80 points to 860.44. Advances led declines, 853 to 238, among the 1,463 issues crossing the New York Stock ExchangeUPI - 52 words
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Chief Price Changes
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Article117 1979-01-27 1 Rises SEAL 152 22 Nat Iron 670 15 Oriental Hldgs 620 15 Public Bank 240 13 Carlsberg 430 12 Island Pen 320 12 Dutch Baby 180 10 Malakoff 230 9 Sel Properties 225 9 C K Tang 230 8 M Flour 240 7 DBS 458 6 Magnum Corpn 386117 words
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Article, Illustration137 1979-01-27 1 Rises Most Active N Iron 695 Oriental 630 Tractors 545 Carlsberg 545 Fusan 134 Sup Corp 199 Chersonese 265 St Steam 265 Genting 358 DBS 470 Guinness 530 FAN 565 Petaling 730 Berjuntai 730 Falls Sel Prop 224 30 20 15 12 11 11 11 11 10 10137 words
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Article828 1979-01-27 1 RONNIE LIM - PETROCHEMICAL GO-AHEAD By RONNIE LIM THE $2 billion petrochemical complex in Singapore is now definitely on. Sumitomo Chemical chairman, Mr. N. Hasegawa, yesterday said at a press conference the news was conveyed to a delighted Prime Minister Lee Kuan Yew and Finance Minister Hon828 words
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Article193 1979-01-27 1 THE QUESTION of the possible impact on Wearne Brothers' asset backing arising from the Government's intention to acquire 26,000 square metres of its property was raised but never answered at the motor trader's annual general meeting yesterday. An irate shareholder rang Business Times shortly thereafter to193 words
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529 1979-01-27 1 Arthur Ng - By Arthur Ng METRO HOLDINGS' ambitious property project at Orchard Square may be delayed again stymied this time by the possible interpretation of a clause in the lease agreement between its subsidiary, Orchard Square Development Corporation, and Ngee Ann Kongsi. Although approval529 words
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Article149 1979-01-27 1 SINGAPORE, Malaysia and Thailand will be increasingly important markets for British companies in the 1980s, according to British Trade Minister John Smith. Writing about his recent 10-day trade mission to the three countries in a government trade magazine, Mr. Smith said that at present growth rates, the South-east149 words
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280 1979-01-27 1 THE PRIME leadlag rates sf haaks hen have heea edglag apwards aver the pact tws weeks. Pram today, the towest rate Chartered Baak to prepared to charge lta beat easterners far sverdrafto to 8 per eeat, IJB per eeat higher thaa Its last280 words
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363 1979-01-27 1 FOR THE first time since 1975, economic growth abroad this year is expected to exceed growth in the US, and this should have a marked effect in reducing the deficits in the American trade and balance of payments accounts, President Carter's363 words
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Page 1 Advertisements
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Advertisement0 1979-01-27 1 :`;!}(\};;}&,=)/$>='^$:&^":/?,[0 words
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Advertisement40 1979-01-27 1 TEACHER'S ROYAL HIGHLAND 12 YEAR OLD SCOTCH WHISKY HEi kt >VAI m **G»r IW Pv s--. ■K: 0 T\ 1 I* s j W 12 V? j lt(,v' '••ACIIK.H'S p )y \i. highla^ I ..ph 1 M H Ull V>4*\40 words
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Advertisement75 1979-01-27 1 LEISURE TIMES MAXI beam In mini cempnter* Z cherry blwm every t0y......... 7 PEOPLE In hariim I U8 banks insuring Went Asian KL effluent regulations affect prejeete................ M MM 5,Mi companies 3 WHY the National Iran bwna THE new eeenemie erder and lame 11 cammed!ties f IMPACT ef Amnijraa BANK75 words
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Advertisement228 1979-01-27 1 Hapag-Lloyd Fully containerised to Europe and United States. Regular, reliable and on time. l .\XXfcf TflOt) 'Kt M o p* f*:« < rf "i vM 1 BUSINESS TIMES wishes all its readers, advertisers and friends KONG HEE FATT GHOY There will be no paper on Monday. Publication resumes on Tuesday.228 words
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TRADE AND INDUSTRY
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Article, Illustration355 1979-01-27 2 GOH ENG KEE - By GOH ENG KEE ANOTHER Singapore firm dealing in mini-computers and peripheral equipment has forecast sharply higher sales for 1978/79, underlining the improved economic conditions and increased management sophistication in Singapore's business community. For the current financial year ending March, 1979, Dataprep (Singapore)355 words
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Article, Illustration340 1979-01-27 2 TWELVE Earapeaa maaafaetarers at turn fair eqalpmeat have deride! to prfrflwwf Ike drat Mmm—l (ii fair* cuKeiUUttN of (air eqalpmeat. II la mMiM far apealag at Ike end of tkls year la Slagapare. Tke organiser, First latoraattoaal Faa Fair Exklkltiaa Singapore (Ftfles), will kriag mare340 words
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267 1979-01-27 2 A NEW weekly edition of the Asian Wall Street Journal will hit the streets from this April. Called the Asian Wall Street Journal Weekly, it will be distributed in the US and Europe to provide businessmen with a comprehensive weekly account and analysis of267 words
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77 1979-01-27 2 THE CX)NCX)RDE supersonic airliner's transit passengers in the Republic will be accommodated at ShangriLa Hotel, which has been appointed its official hotel. A hotel spokesiyan said the arrangement was reached between the hotel and the two airlines, British Airways and Singapore Airlines, which Jointly operate a77 words
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Article, Illustration360 1979-01-27 2 WITH effect from Feb. 1, Tonka Dai* Ahmad bin Tunkn Yahaya, deputy chief executive of the Sime Darby group, will take over executive responsibilities in Tractors Malaysia Bhd as managing director from Mr. David Park. This appointment is in addition to Tunku Ahmad's other executive responsibilities within360 words
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Article, Illustration528 1979-01-27 2 AUSTRALIAN research chemists have developed a new method of producing synthetic prostaglandins that will be cheaper and more easily available in all countries, including Singapore. The process, developed by scientists of the Australian National University's Research School of Chemistry, is protected by a provisional patent. Prostaglandins528 words
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Article159 1979-01-27 2 ONE hundred and thirtyseven scientists from around the world have agreed on a series of collaborative efforts to be documented in "The Singapore Declaration". The Declaration was made at the five-day international symposium on science and technology for development which ended yesterday at the Hyatt Hotel. Basically, it159 words
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Article59 1979-01-27 2 THE National Productivity Board is organising a comprehensive course on Office Organisation and Method from Feb 12-23. To be held at NPB's Town Training Centre at the Hotel Royal-Ramada, this 10-ses-sion course will be led by Mr. Wee Yue Chew and Mrs. Lau Kian Keng. The fee59 words
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Article26 1979-01-27 2 THE CHARTERED BANK was granted judgment for J4.837.468 by the High Court yesterday in an admiralty suit against the owners of the freighter "Ton* Teck".26 words
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269 1979-01-27 2 SINGAPORE exported more than one million tonnes of rubber in the first II months of last year, about half of which came from Peninsular Malaysia. Supplies from Indonesia were about 300,000 tonnes judging by the difference between the published import and export figures. Trade269 words
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Article93 1979-01-27 2 A QUEEN'S Counsel, Mr. D.G. W iddicom be. was admitted to the bar yesterday to argue the case for Oversea-Chinese Banking Corporation against an award made by the Collector of Land Revenue in a land acquisition case. The property acquired is in the Anson Road-Siak Street-Trafalgar Street93 words
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135 1979-01-27 2 THE SINGAPORE Convention Bureau and Singapore Airlines have invited nine top executives from corporations and international associations based in the United Kingdom for a special site inspection tour of major local convention exhibition facilities. The visitors are from the Society of Chemical Industry, International Law135 words
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Article468 1979-01-27 2 COURSES AND TALKS Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), SITC, SITC Jan 3-Feb 21: Statistics for Insurance Employees, SITC, SITC Feb 5-Apr 14: Diploma in Life Insurance, SITC, SITC Feb 12-13: Finance for nonfinancial managers, Ming Court, Price Waterhouse Feb 15-16: Critical path468 words
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Page 2 Advertisements
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Advertisement157 1979-01-27 2 4 V *f T Sr I* ®1 u Total Poker is a book for winners: it's as good as having four aces and another up your sleeve. Oavid Spanier clearly analyses modern play and modern players, with an in-depth examination of the tactics, techniques, bluffs and skills necessary for success157 words
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REGIONAL
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685 1979-01-27 3 ABOUT 5,000 of the 9,000 factories in Malaysia will be affected by the Environmental Quality (Sewage and Industrial Effluents) Regulations 1978 recently signed by the Malaysian Minister of Science, Technology and Environment. They are expected to be gazetted soon. The regulations were effective from685 words
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610 1979-01-27 3 NYT PRESIDENT CARTER recently informed Mr Leonid I. Brezhnev, the Soviet leader, that while his administration has no plans to sell arms to China, the United States would not interfere with the efforts of allied governments in Western Europe to doNYT - 610 words
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Article205 1979-01-27 3 UPI THE SOVIET UNION has increased its troop strength around China's borders by nearly two-thirds since Peking exploded its first nuclear weapon, according to newly-declassified intelligence data. Nevertheless, acccording to the information made public on Thursday, Central Intelligence Agency Director Stansfield Turner told the joint EconomicUPI - 205 words
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Article183 1979-01-27 3 Reuter CHINESE First Vice-Premi-er Deng Xiaoping (Teng Hsiao-ping) leaves Peking for Washington early tomorrow on a trail-blazing flight to consolidate the new amicable relationship between China and the United States. The 74-year-old vicePremier will be the first top Chinese communist leader to pay anReuter - 183 words
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179 1979-01-27 3 AP US PresMeat Carter reaffirmed aa Amertcaa policy thai lacledee a vtpraa unitary preseaee la the Pacific, etttag a aear base agreement with the PMllpplaes aad deUvery ef eqalpmeat te Seath Korea. la a teagthy statemeat elaboratiag ea hie State sf the UaleaAP - 179 words
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Article, Illustration451 1979-01-27 3 A MAJOR telecommunications system, believed to be the first in the world to be powered entirely by solar energy, began operating in Australia last month. Electricity generated by the sun is powering 13 repeater stations in the arid zones of Central Australia, bringing television, telephone and telex facilities451 words
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Article390 1979-01-27 3 THE Malaysian Urban Development Authority (UDA) will stop giving short-term loans (or joint venture companies as it is not a banking institution. Mr Ma nan Othman, the Malaysian Minister of Public Enterprise, said when opening the board meeting of the directors of the authority390 words
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Article243 1979-01-27 3 MALAYSIA and Britain will resume air talks on Feb 5 to negotiate a new air agreement between the two countries, British High Commission sources in Kuala Lumpur said. The talks, which will be held in Kuala Lumpur, is a continuation of the earlier round held in London243 words
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256 1979-01-27 3 UPI AP JAPAN-Chipa two-way trade last year hit a record high of U55,081.82 million (SSII.IBO million), an increase of 45.8 per cent over 1977, the Association for the Promotion of International Trade, Japan (Kokuboesoku) announced yesterday. Japan's exports to China on a customs-clearance basisUPI; AP - 256 words
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Article132 1979-01-27 3 UPI THE US Ambassador to Indonesia said on Thursday in Jakarta that the opening up of the Chinese economy may tempt oil investors to pull their money out of Indonesia and in favour of China. Mr Edward Masters said the scramble to participateUPI - 132 words
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Page 3 Advertisements
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Advertisement26 1979-01-27 3 Superb Northern Indian, Kashmiri and Moglai cuisine for the discriminating gourmet. "The rrti'M JistirifwsheJ Indian Restaurant in the w <rid Walker Omar Teh <A/W h~ d26 words
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Advertisement79 1979-01-27 3 3£B~ r H.4#m \ss\VW s< M!( i-tr"' -> u J e r *rT j* In 107 countries, )ou>von t find a better-tasting scotch at any price. All over the world, people appreciate the estrone- superb Passport blend. And it s this exceptional dinar* taste of Passport Scotch. Because we use79 words
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Page 3 Miscellaneous
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Miscellaneous640 1979-01-27 3 II TWOIH CRYPTIC PUZZLE ACROSS 4 Follows extraordinary trials (6) 7 Backward supporter? (8) 8 It proclaims itself not to be water (6) 10 Almost submerged by the effect of a passing vessel (5) 13 Somebody's butter (4) 14 Halt with a piece of wood! (4) 15 Hearty as Henry640 words
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RAW MATERIALS
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554 1979-01-27 4 AFP THE Rome-based United Nations Food and Agriculture Organisation (FAO) predicted ample supplies of most foodstuffs and other agricultural commodities this year. In its annual Commodity Review and Outlook 1977-79, which covers the market situation and outlook of all major food and agriculturalAFP - 554 words
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178 1979-01-27 4 OIL palm millers in Perak are experiencing a cutback of between 20 per cent and 30 per cent in local deliveries of fresh fruit bunches because of a localised drought. The cutback compared with a normal seasonal decline of about 10 per cent in178 words
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Article288 1979-01-27 4 THE SINGAPORE rubber market yesterday closed higher with February One RSS buyers quoted at 235.50 cents per kilo, up 1.75 cents from Thursday's close, dealers said. The morning session closed higher in moderate trading with February One RSS buyers quoted at 235.50 cents per kilo, up 1.75 cents from288 words
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Article359 1979-01-27 4 Prices In cento per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. I K.S.S. prompt f.o.b. 235 50 236.50N 235.25 236.25N Int. 1 R.S.S. Feb 235.75 236.00 235.50 236.00 Int. 1 R.S.S. Mar ***** 236.50 236.00 236.50 Int. 2 R.S.S. 232.75 233.75N 232.75359 words
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Article117 1979-01-27 4 NOON SSR and SMR price yesterday: HAS February March (Can real Mtb> (Fa rward Mtk) SSR 20 II-tun pal In) Buyers Sellers Bayers Sellers *231.00 233 OON 231.S0 233.50N SSR SO II tun pallet) 228.00 230 00N 228 SO 230 SON MRELB SMR CV (1 -ton pallet117 words
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Article70 1979-01-27 4 C.I F North European porta, In US dollars per ton unlesa otherwise stated. LONDON: Thurs Previous Malaysian 5%ffa bulk per tonne March 945s lr MOslr Sumatra 5% ffa bulk January 865/670pd MOpd February 857 pd 852 pd March M7'»/SS0pdM7>>pd April 040pd 842' j Sir May unch 935pd Nigeria70 words
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Article335 1979-01-27 4 DULL AND featureless trading was again the order of the day on the Singapore produce market yesterday when the bigger Chinese dealers were generally showing disinclination to trade. Chinese New Year pre-oc-cupation was cited as the reason for the overall lack of interest. Inquiries coming in from Western335 words
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Article136 1979-01-27 4 SUGAR FUTURES trading remained dull throughout yesterday on continued lack of interest, with one lot traded against five yesterday, dealers said. March closed US 8.00 cents buyer against Thursday's 7.95/8.25 close, May at 8.30 buyer against 8.31/55 and the distant January at 8.80/9.20 against 9.30/60 cents. Cotton trading136 words
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309 1979-01-27 4 TRADING HAS been somewhat subdued and featureless on the approach of the lunar New Year holiday, said IMMay, Cattor and Bath in its review of the Singapore and Malaysian rubber markets for the period Jan 18 to Jan 25. Levels fluctuated narrowly within309 words
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Article29 1979-01-27 4 Rubber: Jan 26 Singapore: February: 235.60 cents (up 1.75 cents) Malaysia: February: 240.00 (up 2.00 cents) Tin: $1,795 (up $35) Official offering: 176 tonnes (down 76 tonnes)29 words
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Article101 1979-01-27 4 THE Straits tin price in Penang yesterday rose MJ3S per picul to $1,796, 995 above the International Tin Agreement ceiling, dealers said. Sentiment was encouraged by the firmer London Metal Exchange close on Thursday, with continued strong buying support from Europe, Japan and the US. Also, a sharp101 words
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140 1979-01-27 4 AFP THE Australian sugar industry is firmly behind the government in its complaint to the General Agreement on Trade and Tariffs (Gatt) against the EEC sugar exports subsidy scheme. The chairman of the Queensland sugar board, Mr. Charles Harris, said the complaint was fully JustifiedAFP - 140 words
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Article122 1979-01-27 4 THE TIN concentrates production in November last year slipped to 6,963 tonnes from 7,196 tonnes in the previous month. The month's production was based on the true essay of 75.5 per cent. According to a statement issued by the Malaysian Department of Mines the average daily122 words
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797 1979-01-27 4 TWO things are foremost in the minds of the Malaysian tin producers this year. The first is to see that the buffer stock price range is aligned with the market price and second to see the speedy conclusion of the legislative process concerning797 words
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Article206 1979-01-27 4 9NO A POKE: Yesterdays closing price* in SI per Mo exgodown THAI WHITE 100 pet first clu (kangaroo) New crop O.N 100 pet second ciaac 0 89 100 pet third class 0 87 25 pet new crop no stock 810 pet 0 79 THAI BROKEN A-super 0 62 SpecUlO.M206 words
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Article181 1979-01-27 4 SOYBEAN FUTURES in Chicago on Thursday slipped to the day's lows in late trade before rallying near the close on rumours that rain had been removed from forecasts of Brazilian weather. Closing gains ranged from five to 2'* cents a bushel, with some nearby months gaining about four cents181 words
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Article144 1979-01-27 4 WHEAT FUTURES in Chicago on Thursday were fractionally mixed at midsession as the market continued its recent pattern of dull, thin trade. Prices edged towards the upper end of the morning range on scattered buying by several exporters, but local selling continued to dominate most of the action. Analysts144 words
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Article918 1979-01-27 4 SUGAR: Rw sugar futures finished a lightly traded and generally dull morning yesterday, unchanged to £0.25 per tonne lower, about in line with opening and overnight kerb levels. Turnover totalled 633 lots including 17 options. Traders said the market seemed unaffected by reports that Jordan bought 22,500 tonnes918 words
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373 1979-01-27 4 SMUGGLING of tin ore to Singapore increased last year, preliminary figures from the Malaysian Customs Department indicated. In the first 11 months of the year, the department intercepted and sized 3,063 piculs of ore, 437 piculs more than the total for the entire 1977.373 words
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Page 4 Advertisements
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Advertisement24 1979-01-27 4 m J 3 J MSBS dxajtas*. i?Sii r-". »s*s i H >/t 4 1 \1 /my Bszaar 4 £'2 Jalan 222, PttafiHQ Jaya, Satengor.24 words
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OVERSEAS
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Article779 1979-01-27 5 arrivals Service Local Operator Number Time From SIA SQ913 0045 SIA/BA SQ/BA17 0700 MAS MH601 0700 MAS MH682 0725 SIA SQ101 0815 MAS MH621 0840 MAS MH607 0645 MAS MH671 0945 CAL CI806 1000 CPA CX710 1005 RBA B1323 1030 GIA GA980 1030 THAI TG423 1035 SIA779 words
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Article, Illustration258 1979-01-27 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Etha Rickmers (0600 after Sergey Yesenin) 47. Golden Sea 707 2300 after Palm Sea Horse) 16. S 51 Barge (0600) 15. San Francisco Maru (1000 ater Ever Reliance) 5. White Ray (0630 after Sumber Tunas VI) 22. PASIR PAN JANG WHARVES Dong258 words
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901 1979-01-27 5 AP UPI AMERICA'S Chief Trade Negotiator said disaster would result from the failure of Congress to approve a new international trade agreement. Ambassador Robert Strauss told the Senate joint economic committee that he and other negotiators sympathise with congressmen in theirAP; UPI - 901 words
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Article131 1979-01-27 5 AFP THE American textile industry, which has long complained of unfair competition from low-priced imports, will be treated with eminent fairness as the United States improves trade relations with China. Mr Stuart Eisenstat, adviser for domestic affairs, told a US textile group that talks with China on textileAFP - 131 words
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Article, Illustration183 1979-01-27 5 THE FIRST II heavy locomotives from Thyssen Hensehel in Kami, W«rt Germany, are already on their way to Egypt. The state railways want to use them to transport lruu ere on the difficult desert route between the mines si the easts st Baharya and the183 words
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Article91 1979-01-27 5 Reuter BRITISH Chancellor of the Exchequer Denis Healey told Parliament that if 15 per cent wage increases became the norm in the current pay round, inflation would reach 13 per cent by year end. Taxes would be higher unemployment would rise and public expenditure would be cutReuter - 91 words
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WORLD BRIEF
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Article471 1979-01-27 5 Agencies BRITISH Minister of Agriculture John Silkin declared in London yesterday that "in no circumstances" would he agree to the 2 per cent increase in European farm prices proposed in Brussels by the French and the West Germans. Britain, therefore, seemed fully decided to use itsAgencies - 471 words
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246 1979-01-27 5 TEXACO lac., disrupted supplies frem Iraa aad OS gmnunMt regiltilw, a——ead aa Tharsday It will eat petrel sappUes te Amerleaa reUUera fer Febraary. A Teuee spakesmaa •eld la New Yerk, demead fer petrel baa beea high siaee mld-lV» aad remalas high. "Texace Is carreatly246 words
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475 1979-01-27 5 UPI EGYPTIAN President Anwar Sadat said on Thursday he will not sign a peace treaty with Israel unless it is firmly linked to the establishment of Arab autonomy in the Jordan West Bank and Gaza Strip. Neither is Egypt prepared to giveUPI - 475 words
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Article34 1979-01-27 5 THE JAPANESE cabinet approved an interim sevenyear economic programme submitted by the country's economic council, which projects average real economic growth of just under 6 per cent, the Economic Planning Agency (EPA) said34 words
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Article303 1979-01-27 5 UPI FEDERAL Reserve chairman G. William Miller said on Thursday the government's policies to curb inflation run some risk of recession, and may raise unemployment in the short run, but should lower the jobless "rate in the long run. Mr. Miller testified before the House of RepresentativesUPI - 303 words
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Page 5 Advertisements
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Advertisement206 1979-01-27 5 co o^ an S L The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. 2. Enjoying the benefits of over 90 years of tutorial expertise. 3. Being informed of the latest changes and current events and topics of interest and relevance through the206 words
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Article436 1979-01-27 6 IT IS BECOMING increasingly difficult to reconcile the words that Asean statesmen speak about the organisation and the deeds their governments do. The Association Mils itself as an economic grouping and a whole plethora of committees exists to put this sentiment into action. Yet,436 words
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Article322 1979-01-27 6 A COMBINATION of political and economic events have fortunately led to a decision to go ahead at full speed with the Sumitomo-led petrochemical complex. Events in Iran have raised doubts about its petrochemical project proceeding on schedule. The tension in West Asia has also322 words
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1511 1979-01-27 6 ROMANA S. TAN - By ROMANA S. TAN IN A paper presented to the recently concluded international conference on economics (January 8-13) which was held in Mexico City, Professor Lim Chong Yah, head of the department of economics and statistics, University of Singapore, delineated the Obstacles to Economic Development1,511 words
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Page 6 Advertisements
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Advertisement205 1979-01-27 6 APOLLO HOTEL Havelock Road, Singaore 3 Tel: *****1 AMBASSADOR HOTEL ***** Meyer Road, Singapore 15. Tel: *****11 CENTURY PARK SHERATON Nassim Hill, Singapore 10 Tel: *****7 CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****66 COCKPIT HOTEL 6 7 Oxley Rise, Singapore 9 Tel: *****1 GREAT EASTERN HOTEL 401 Macpherson205 words
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Page 6 Miscellaneous
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Miscellaneous13 1979-01-27 6 BriStdW.'FranJc Dickens I lSl£)U>-<3eT oJ uoh T^ese.' > VlXX=€.. .\|OU'LL HP*V£_ TyAGJ*^ epcx BV13 words
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Miscellaneous926 1979-01-27 6 It's celebration time BRUSH UP year Matey by watcUag Wild, Wild Warld at Ailuli sight's featare to "Haater la ttw BMT), dabbed la Malay the eatears far tkli epMe AmM be levety. H will be abewa at IJS poa aver Cbaaael i At 7.41 pai aver tbe Caaeert pats Jakaay926 words
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2736 1979-01-27 7 STEPHEN BRONTE; STEPHEN BRONTE - NO institution, however well placed, can enjoy a continuous boom in earnings. Bank of Tokyo is no exception. Two events seem to have left an indelible impression on its performance: the oil crisis and competition. As regards competition, a Bank of Tokyo executive2,736 words
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Article385 1979-01-27 7 AND now, ladies and gentlemen, we give you the battery-operated firecracker, developed just in time for Chinese New Year. This gruesome device was spotted in one of the leading departmental stores: A bunch of crackers are wound around a bar and, when the switch is on,385 words
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900 1979-01-27 7 Hedrick Smith - (FORPBIU ...with Hedrick Smith NYT MIDWAY through his term, Jimmy Carter can point to a number of solid achievements he has engineered as US President. Yet as axleader, his closest associates concede, he remains precariously vulnerable and must prove himself in the year ahead.NYT - 900 words
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Page 7 Advertisements
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Advertisement296 1979-01-27 7 H Hnchantcd evenings in tine European tradition. Mirabelle M V Li/ n gggg ii sir rnncf woiingwn !>oavttr or uiliiihii Loua XIII. or Veal Eacafapc ChamerHki). Service that atlemm yet never obtnaive Everything jm right a* if you're dmng in one of Europe* fine* rotaurana. Far tmaimm a> iimimlmi, caw296 words
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INTERNATIONAL STOCKS
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238 1979-01-27 8 UPI CHRYSLER Corp., in its latest step to cut looses in its overseas operations, has agreed to sell 67 per cent control of its Brazilian car and truck business to Volkswagenwerk A.G. of West Germany. A Chrysler spokesman said the agreementUPI - 238 words
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Article98 1979-01-27 8 Reuter HARCOURT Brace Jovanovich will sell Jove Publications to MCA, a Californiabased entertainment conglomerate, (or an undisclosed amount of cash and notes. The company last November said it wanted to sell Jove, a wholly-owned subsidiary, which publishes paperback books, and was considering offers fromReuter - 98 words
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329 1979-01-27 8 Reuter WOODSIDE Petroleum Ltd. said it will make a one-for-three rights issue of shares at 50 Australian cents par to shareholders registered February 16. The issue of 80 million shares will raise $40 million and lift Woodside's paid capital to 320 milion shares fromReuter - 329 words
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557 1979-01-27 8 Reuter TEXACO Inc. has turned in a fourth quarter net earnings per share of US$l.2l vs 70 cents on net profit of $3.3 billion vs $191 million. Revenue received came to $8.27 billion vs $7.21 billion. Earnings per share for the whole year came toReuter - 557 words
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149 1979-01-27 8 Reuter A NUMBER of major US oil companies, like Gulf Oil Corporation, announced higher profit for the fourth quarter and full year, attributing the increase primarily to better petroleum prices in the United States and abroad. Gulf Oil Corporation, Pittsburgh, said profit for theReuter - 149 words
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Article504 1979-01-27 8 NYT THE TRUMP Organisation, one of the most visible real estate companies in New York City in recent years, said it had reached agree--8 ment to buy the building 1 that houses Bonwit Teller's FWth Avenue store. The move apparently paves the way forNYT - 504 words
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Article67 1979-01-27 8 THE ATTEMPT by American Express Co. to take over McGraw-Hill Inc. raises questions about bankbig practices and should be investigated. Representative Henry Reuss (Democrat-Wiscon-sin), chairman of the house banking committee, said, "the information that has become public recently concerning the McGraw-Hill takeover by American Express, using67 words
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Article96 1979-01-27 8 RECORD tin prices have lifted profits among Australian tin companies like Renison Ltd., the first of the consolidated gold fields mining companies of Australia to release results for the first half of the financial year. The sustained tin book has lifted Renison by 27 per96 words
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Article1065 1979-01-27 8 NEW YORK STOCKS wavered on Interest rate hopes and inflation worries but finished at their best level since October In moderate trading on Thursday. The market Is dominated by short term trading money and there is a "follow the leader" phenomenon occurring. Newton Zinder of E.F. Hutton and1,065 words
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Article213 1979-01-27 8 JAM 25 CI A Kill hi l(t* unch AJean 44 H ft Aliom* a Uft Bank 2ft Bank Nova Scotia as Bell Trt OH H»Lh rn»p BP Can Ltd lift -H Brascan 1H Camp Rad Lake *<» -a P*n Imp Ilk 30ft •f H Canpar Mk k Canpac ln»213 words
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Article603 1979-01-27 8 TOKYO Source: DBS-Daiwa Securities TURNOVER was the heaviest this year with an estimated 660 million shares changing hands yesterday, since large-capital cyclical stocks such as steel, chemical and raining issues were heavily traded by corporate and mining issues were heavily traded by corporate and Individual investors. The NikkeiSource: DBS-Daiwa Securities - 603 words
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Article292 1979-01-27 8 Source: SHK Sec Ltd THE MARKET cruised along without any special features yesterday, but the Hang Seng index recorded a gain of more than 8 points. Most local investors were confident that the interest rate in America is levelling off. However, there were some filing pressure from institutions. HangSource: SHK Sec Ltd - 292 words
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Article354 1979-01-27 8 SOLID BUYING in a handful of situation stocks, plus good support for banks featured in a depressed market yesterday, ahead of the Australia Day holiday on Monday, dealers said. Profit-taking removed some of the gains made earlier this week and the all ordinaries index fell 1.75 points to 571.37,354 words
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Article168 1979-01-27 8 THE MARKET closed mixed yesterday with commercials and oils posting gains while minings declined, dealers said. Turnover fell sharply to 16.7 million pesos from yesterday's 23.8 million. Gainers were Atlas Con B, Benguet Con B, Meralco PLOT and San Miguel B while Acoje Mining. Marinduque B, Phil Overseas and168 words
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European markets
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Article172 1979-01-27 8 JAM 25 Ptmncs Actions 8uiHM JHU Aluwuw Br 1275 Alusulsar Rm. Ml Brown Boverl Br. 1745 at* Oelgy Br. ISO rih» Oln P C BOft -ft 130 M ctte oeicr Rm. Oadtt Sufa« Br MO 11 at M Credit Suisse fUf 440 Bektrowatt Br 1*10 Oeorfe Fischer Br OP172 words
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Article129 1979-01-27 8 rr^WwiMi fl S [i4>H2»J Bjrmkorf mm mm *11 Calvt Delft Dell Iflf mm MM -X 41 tnnk 146.10 01 rokker Po«l Ouimt n jo 7*000 MM ♦%1 unci* nabtar ni.th^w 40.(0 Ootaln TJ.00 •1 Hetneken HoU«n<l-Am ■H.T0 MM -t£ •U Hoofoven* Hundou tx-m 23 40 unch 4-iLi BB tIM129 words
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Article236 1979-01-27 8 JAM B Pn CORBE1LLE Alr UquKV «M -12 I® -a cr (TbooMMC»» rnnc*.ue On PuiiulM m i )«J uncti CntnpagnM Plnanelm CoinDAtfnl# J. OcncnUt Cndtt Poaettr n» Prmnc* Haclwtw (Ubruii*) MlfMnn Bull MlelMUn Pultll PKlUaq Clfinc «T CJO 292 «1 M ion ua ♦i -I -ft is -M -U236 words
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Article95 1979-01-27 8 JAN 25 ft» ♦A FORWARD MARKET Actc 479 -4 Artttd 2300 -100 Attyr rm +9 Brucaa 408 unch Bni-Lamb 1715 -5 Canpac Cock CD 510 unch unch D* Btfi an -4 DW 2*40 unch Etectroto«l Ob-In no-Bra art rm 3560 1300 unch -30 .2 Hobo* 31)0 10 Pflro M695 words
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Article186 1979-01-27 8 JAM 8 Acf-Tckcfunkcn Akaa Dm ion jmob Aiti Ltben Alls Van tarn SOUO 10 unci BAST Bmy H T WDtnl Bay V bauik lmio MM I0U* -as -a -4 sr 1MJQ -07 BMW 31 MUI -0J rimiii Chem V«r» Commcntwnk ConU Oummi Daimler-Beni moo 3M 10 nut msm BUI186 words
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Article70 1979-01-27 8 r ruuMer 11X73 -473 Oen I ir mot) 73 +073 in Prt 2313 -SI luicemcnu mim -m lltim -m -1 IUUMter m -t i H-mii M2 ♦•73 8U0 -M Medkot ***** -440 Mlrmtexua itrm unci) .1 l« -36 1 I'lVw 'IB U0 -973 Mi 4 UM -4 MW m70 words
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Article234 1979-01-27 8 JuN Bate Bank or Asia 238 Bangkok Bank Bank or Ayudhaya Ltd Bangkok Metropolitan Bank Laem Thong Bank. Thai Commercial Bank Thai Danu Bank Thai Planner* Bank. Union Bank of Thailand Industrial Finance Oorp Bangkok Investment First Trust Oeneral Finance Lee Kwang Ming Trust Raja Finance Asia Credit Slam234 words
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Article62 1979-01-27 8 FINANCIAL TIME8 INDUSTRIALS Thursday 461.9 Wednesday 461.0 Week Ago 477.5 DOW JONES AVERAGE INDU8TRIAL8 Thursday 8S4.64 Wednesday 846.41 Week ago 838.05 LONDON DOLLAR PREMIUM Thursday 82', to 83 Wednesday 82 s to 82"* H.K.HANG SENG Friday 543.06 Thursday 534.81 Week ago 535.64 SYDNEY INDUSTRIALS Friday 478.24 Thursday 480.3262 words
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Page 8 Advertisements
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Advertisement111 1979-01-27 8 HSSSr A PENGUIN BESTSELLER su Ai Sw< «S- -> r ■m W THE MALAYAN TRILOGY This famous trilogy wittily dissects the racial Time for a Tiger "His characters are and social prejudices of post-war Malay splendidly mad First class" during the chaotic upheaval of Independence, n.- c Through a suction111 words
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BANKINGN AND FINANCE
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1190 1979-01-27 9 WEST ASIAN PROJECTS NYT BANKS have been expanding into a new line of business in recent years insuring the performance of contractors in the explosion of development projects overseas, many of them in -West Asia and Iran and there is concern in some circlesNYT - 1,190 words
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716 1979-01-27 9 NYT SINCE May 1977, when interest rates began their stratosperic climb, the US economy has performed unusually vigorously. This raises questions about the effectiveness of high interest rates as the government's main weapon so far in its anti-inflation arsenal. Through financial innovation,NYT - 716 words
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Article69 1979-01-27 9 Reuter THE RESERVE Bank of Australia said the statutory reserve deposit (SRD) ratio for major trading banks will be raised to 4.5 per cent of deposits from 3.5 per cent. This will require banks to lodge about Asl9s million more in their SRD accounts withReuter - 69 words
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472 1979-01-27 9 THE INTERNATIONAL Monetary Fund (IMF) said that 1978 statistics show that there was a net contraction in the use o( fund credit during the year, but that transfers of special drawing rights (SDRs) reached a record during the year. The IMF said in472 words
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Article227 1979-01-27 9 Reuter US NARROWLY defined money supply M-l rose US$l.l billion (552.4 billion) to a seasonally adjusted $360.9 billion in the week ended January 17. The New York Federal Reserve Bank said M-l for the previous week was revised upward to $359.8 billion from $359.5 billion.Reuter - 227 words
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Article69 1979-01-27 9 Reuter THE JAPANESE Finance Ministry said net short term external liabilities of Japanese banks rose US$9OO million (SJI.9 billion) in December to $15.36 billion at the end of the month. External reserves of Japan of $33.02 billion at the end of December comprised $1.09 billion ofReuter - 69 words
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MONEY AND EXCHANGE$
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Article448 1979-01-27 9 THE US dollar firmed In afternoon trading to close stronger on the foreign exchange market yesterday. However, In late trading, the dollar lost back some of its earlier gains. Against the yen, the US dollar opened at 198.90/00 and was brought up to the day's high of 199.40/50.448 words
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Article176 1979-01-27 9 Asian rates ASIAN currency deposit Interbank rates as at close on Jan 26 US DolUn(Spot) Offer BJ 7 days 10'. 10'i 1 month 107/16 105/16 2 months 10 15/1 1013/16 3 months 10'* 10*< 6 months 115/16 113/16 months 115/16 113/16 12 months 115/16 113/16 SwJrm. DM. UUJU lt-1 1176 words
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Article53 1979-01-27 9 Range of pricM offered by discount housei on J*n 26: Overnight 3 to 4 'i Call deposit* 4'» to Cteeiag Baying Selling 3 month Treasury bills 4 7/16 4 5/16 3 month Bank bills 711/16 7 9/16 3 month CD 711/16 79/16 6 month CO 7*< 7H Source: National53 words
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Article21 1979-01-27 9 THE average rale at which Singapore bank* are currently prepared to lend to their best customers is 7.75 per cent.21 words
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Article25 1979-01-27 9 us 1.8525/36 Can 1.5560/80 Stg 3.690/700 Dfl 92.eS/Ti Str 109.75/90 Lit 2.210/220 Ffr 43.58/68 Nkr 36.35/45 Bfr con 6.333/343 Bfr fin 6.196/200 Yen 0.9306/2525 words
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Article151 1979-01-27 9 GOLD FUTURES in Singapore yesterday closed generally lower In line with easier overseas advices and due to lack of Interest ahead of the Chinese New Year recess, dealers said. Prompt closed at U*****.80/235.80 an ounce compared with $236.50 sellers on Thursday while February to October lost between $1 and151 words
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Article162 1979-01-27 9 THE US dollar in Hongkong yesterday was quoted slightly above closing US levels overnight against most currencies in very quiet late trading, dealers said. They said trading throughout was very limited with end-month book-squar-ing predominating ahead of the long Chinese New Year holidays. The dollar rose to a late162 words
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Article53 1979-01-27 9 AUSTRALIA/NZ exchanges quotes yesterday: US dollar ***** 1.1351 Sterling 0 5732 0 5664 Ninety-day tir mail buying rate*. Sterling 0 5968 US dollars 1.1807 Ninety-day forward buying rate*: Sterling 0 5806 US dollar* 1.MIJ New Zealand: Sterling .0.5306 0.5278 US dollar 1.0800 1.0500 Ninety-day airmail buying rate*: Sterling 0.554153 words
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Article315 1979-01-27 9 THE DOLLAR in London yesterday opened mixed but basically steady against Thursday night's close and was firmer on the day's Par East levels in quiet early trading, dealers said. It opened at 1.8538/48 marks against 1.8535/50 overnight and its 1.8520/30 Hongkong level. Some operators were staying on the sidelines315 words
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Article123 1979-01-27 9 THE DOLLAR for overnight delivery in Tokyo yesterday closed at 199.15 yen, compared with a 199.00 opening and 196.06 at Thursday's close, dealers said. The US dollar slipped briefly to 198.85 yen in early afternoon trading before recovering to 199.15 yen after a firm morning, reflecting its overnight rise123 words
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Article121 1979-01-27 9 Reuter THE AVERAGE yield on 1 this week's issue of the < Canadian 91-day Treasury i bills was 10.78 per cent, i compared with 10.75 per i cent a week ago. i The Bank of Canada said i an average yield of 10.95 per centReuter - 121 words
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Article88 1979-01-27 9 RESULTS of tender held yesterday for 91day and 182-day Treasury bills: M-day Mtotake kM (Tea Jaa a iTto^Md tePMt ea Jaa U Offered: Applied. Allotted Accepted bid* Average rate of diacouat on allot ■eat: 00,000,000 181.500,000 00,000.000 m.n approximately bata'ta^ST i.33CT* pa $10,000,000 01.000,000 fUt.OOO.OOO 97.71 approximately88 words
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Page 9 Advertisements
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Advertisement147 1979-01-27 9 PENGUIN BOOKSHOP r rT Th. RUNNER'S Hfom/boolr m.u .mijpA f 7H£ Kunmers HANDBOOK C* 4 Slw i/i Ijßisxszmzxnaß Mfdl XUNN&I& HANOaOOK m§ *?< m a Ss ULTIMATE BOOKOM RUNNING I WHY DO jyjjiMg |V| Here at last is The Runners Handbook, a complete Fitness guide for Men and Women. Whether147 words
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DEALS DONE ON THE SES AND KLSE
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Article1393 1979-01-27 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word' 'sett". Big Board deal1,393 words
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Article91 1979-01-27 10 < Striking prices oI the options officially listed on the Stock Exchange of Singapore yesterday, the period, Mas and offered prices and business done, if any, with the number of options traded shown in bracketa. Hue r E (March $1.45) (0.468 0.565). Semb Ship (March 11.25) (0.348 0.445).91 words
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Article110 1979-01-27 10 4 1/2* 1/8/80 (250.000) (00.188 *****) »4057 15/9/80 (*****0)<W458 5% 15/4/81 (250.000) (***** 00.728) 5* T F 1/8/83 (2SO.OOO) (100.108 100.208) 5 3/4* T F 15/8/81-84 (250,000) (102.305) IMOSB) 11/84 (250,*****0 008 7* 15/4/85 (250,000) <100 MB 100.968) 7* 1/8/85 (250,000) (100.708 *****8) 7 1/4* 15/4/88 (*****0) (100110 words
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Article144 1979-01-27 10 SINGAPORE UNIT TRUR prion tar Fafc Sl> The Commerce 2.24 2.38 The Saving Fund 140 148 S pore Prog Fund O.M LOt S pore Sec. Fund 1.82 1.S3 S pore Invest Fund 1.28 I X INCOME BOND UNR (Carnal prteaa) Income Bond 1.12 L18 MARA BUMIPURA FUND (Maigifs*144 words
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Article2594 1979-01-27 10 1978/79 Hick Low Company Last Sal* orGr'i Div Div C*TT Grt rw Net P/S Vol ("000) Day High Low 9ECTION ONE INDUSTRIALS 272 190' 178 219 275 111 186* 326 245 660 132 123 107 133 195 59 108 173 140 256 Acma Alcom Allied Choc BAT2,594 words
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Article1786 1979-01-27 10 BID and offer price* officially Hated and business tn and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets tn lots of 1,000 units unlets otherwise specified. INDUSTRIALS A|lnamata (2 MB 2 808) Atom (1 MB 2.008). A Chaa1,786 words
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Article41 1979-01-27 10 Datf Dmliffl Bkd: AGM to be held at i Pinji. Lahat, Perak, at 2.30 pm on Feb 2. Malayalaa Tobaeea Cmmm BM: AGM to be held at 178-3 Jalan Sungei Beat, Kuala Lumpur at 11.30 am on Feb 7.41 words
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Article, Illustration686 1979-01-27 10 SPECULATORS aad Investors stepped ap their haylag activity aM geaer•W feed all-reud gate at the Stock Exehaage e( Blagapore yesterday, the last trading day la the Year ef the Bene. The geaeral meed waa that tf the Year of the Bam686 words
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503 1979-01-27 10 SUSTAINED buying interest helped the Kuala Lumpur stock market maintained a steady trend yesterday. Trading was again fairly active. Despite the forthcoming Chinese New Year holidays, there was no lack of buyers in most of the counters. After a barely steady opening, prices advanced503 words
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COMPANY NEWS
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Article, Illustration891 1979-01-27 11 ANTHONY TAN - Wee Cho Yaw entrepreneur extraordinaire By ANTHONY TAN MILLIONAIRE banker and industrialist Wee Cho Yaw is that outstanding example of businessman riding high on a successful career with the pinnacle still nowhere in sight. As chairman of the United Overseas Bank, he has steered the bank into the top position891 words
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262 1979-01-27 11 THE opea-oabscrlptieu portions of Gathrle Malaysia Plantations' offer for sale of 19 million Guthrie Ropel shares have been over-subscribed 5.7 times for the bnmipntra segment and 12.3 times for the general portion. The 1.2S million shares reserved for bamipatras, part of the 7.5 million262 words
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224 1979-01-27 11 CENTRAL Sugars has acceded to the Kuala Lumpur Stock Exchange's request to hold an extraordinary general meeting to seek approval of its investment in Pan Malaysia Cement Works (PMCW), "notwithstanding its continuing difference in opinion as to the legal interpretation of Listing Requirement224 words
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Article, Illustration1007 1979-01-27 11 ARTHUR NG - By ARTHUR NG DIRECTORS of National Iron and Steel Mills in deciding to give shareholders a Chinese New Year ang pow have apparently two objectives in mind. The first is quite obvious to remedy a heavily undercapitalised situation as evidenced by the hefty1,007 words
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Article, Illustration583 1979-01-27 11 THE Kinta Valley in Perak has traditionally been the centre of Malaysia's tin mining industry. Numerous mines are located in the area, including well- known companies such as Malayan Tin, Tronoh Mines, Austral Amalgamated and Southern Kinta Consolidated. Usually, after exploiting the tin deposits in583 words
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Article, Illustration276 1979-01-27 11 by HOCK LOCK SIEW THE CONFUSION sarreaadlag UkT state of the new look PEG 1 Malaysia share® has beta dttnd, partially at least. It luw new beea confirmed that the eae lor Ave beau Issae that the eecnpaay promised Its j-MIW la Mayby HOCK LOCK SIEW - 276 words
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Article259 1979-01-27 11 SIME DARBY HOLDINGS has announced that following a purchase on Jan 23 of 347,500 ordinary shares in Guthrie Corporation, it has, together with its subsidiaries, a total of 1,723,500 shares in Guthrie. Sime has also announced its latest top management change. Late yesterday, it said that its secretary, Mr. J.D.F.259 words
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Article336 1979-01-27 11 Current Ex Book* Date Total for Total for Payment Date Close Payable the year Previous year Nanyang Pre** 6% Dec 26 Jan 3 Jan 27 6% Ltd Mai 8% I Jan 8 Jan 18 Jan 27 8% 24% Sthn Kinta 120% Jan 8 Jan 18 Jan 29 120%336 words
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Article111 1979-01-27 11 Company Particulars E* Date Boohs Close Rahman Hydraulic Bonus Issue of 1 for 2 Jan 16 Jan 26 C* C Bonus Issue of 1 for 2 Feb 2 Feb 19 MBS Rights Issue of 1 for 2 4 $2.00 per share Feb 7 Feb IS STP (1975) Bonus111 words
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Page 11 Advertisements
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Advertisement54 1979-01-27 11 i V f r-: •v- i Kenneth Lo, the woi known writer, introduces the recdef lo ChAneee ctMrttlwj. end fives en unique wey el eetlng. leoinning ■m Id S i aa m—mt rm, V 5 I» H ==d a Kenneth Lo «m 4 fa A** > Chlnm way o1 mnm§54 words
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775 1979-01-27 12 NYT THE CARTER Administration told Congress on Z Thursday that lagging productivity in the economy had reduced the country's capacity to create more jobs and higher living standards for Americans. The analysis, appearing in President Carter's annual economic report to Congress, represents this government'sNYT - 775 words
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Article279 1979-01-27 12 UPI AMERICAN manufacturing companies plan to step up capital spending overseas this year, reflecting a much more optimistic outlook than is revealed in their plans (or domestic expansion, according to a survey by the US Conference Board. About 45 per cent of 219 major USUPI - 279 words
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Article, Illustration365 1979-01-27 12 THE SINGAPORE-based Ist Battalion of the Royal New Zealand Infantry Regiment, the last of the Anzuk military presence in the Republic, will troop its Queen's Colour in honour of the New Zealand national day, Waitangi Day, on Feb 4. The Queen's Colour was first365 words
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149 1979-01-27 12 AFP ANY Soviet intervention in Iran "could well require a US response", American Defence Secretary Harold Brown said when presenting a report on American military policy on Thursday. However, Mr Brown emphasised that the question was hypothetical and that the SovietAFP - 149 words
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Article151 1979-01-27 12 NATIONAL Iranian Oil Company chairman, Mr Abdollah Entezam denied reports that his company is about to end its agreement with the Western oil consortium for supervising operations in its principal oilfields. The consortium's wholly owned subsidiary, Oil Services Company (OSCO) of Iran, has a contract151 words
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Article, Illustration330 1979-01-27 12 TROOPS opened fire yesterday around Teheran University as more than 1,000 demonstrators defied a martial law ban on unauthorised rallies. Hospital sources said eight persons were killed and one wounded. Demonstrators showed reporters pools of blood in the street near the camDus. Iran's militaryUPI photo - 330 words
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Article783 1979-01-27 12 LONDON, Fri. Share prices closed narrowly higher and at 3 p.m. the FT index was up 2.5 at 464 4 Government bonds were around point higher, helped by Chancellor Healey's statement that fiscal and monetary targets would not be affected by high pay settlements, dealers added. US and783 words
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120 1979-01-27 12 Reuter THE US dollar closed trading on the Tokyo foreign exchange market yesterday at 199.15 yen, its highest level so far this year. The dollar, which plunged last October to a record low of 175.50 yen, opened at 199 yen and rose inReuter - 120 words
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Article177 1979-01-27 12 Reuter THE PRESIDENT of the International Longshoremen's Association (ILA), Mr Thomas W. Gleason, yesterday called for Joint action by Western trade unions, shippers and governments to block Soviet moves to dominate world shipping. If they don't, he said, it could mean the end of theReuter - 177 words
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Page 12 Advertisements
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Advertisement316 1979-01-27 12 GOOD READING FORALLMRENIS Learning Through Play is a book chock full of ideas for simple games, activities and 1 experiments, designed to help children develop their minds and bodies. Babyhood should be required reading not only for all parents but for every doctor or nurse in contact with young families.316 words
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Page 12 Miscellaneous
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Miscellaneous60 1979-01-27 12 Outlook for Singapore from 6 a.m. to noon today: Windy with isolated showers. Report for 24 hoars prior to 7Jt p.m. on Jan 25 at the airport: Maximum temperature 31.7 Associated humidity 56 Minimum temperature 24.0 Associated humidity 95 Hours of sunshine 3.75 Rainfall in millimetres 0.2 Total rainfall for60 words
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LEISURE TIMES
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Article, Illustration384 1979-01-27 13 DRESS TO PLEASE YOURSELF EXECUTIVE FASHION THE WOMAN executive is that troubled creature who Is accused of silliness when she dresses like a woman, and aggressiveness when she does not. The one important thing she must remember as far as correct dress is concerned is to please384 words
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Article, Illustration603 1979-01-27 13 MARGARET THOMAS - PURSUITS By MARGARET THOMAS EX-TER-MI-NATE EX-TER-MI-NATE Remember the Daleks in the early Dr. Who series on television? Or did you spurn that as silly sci-fi (science fiction), mere kid-stuff. Did you refuse to go and see the award winning STAR WARS, rejecting it as603 words
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Article1074 1979-01-27 14 WEEKEND GOURMET ONLY a blind bigot with destroyed taste-buds could cavil at the wide range of food available in Singapore or at the generally high quality available in sometimes the most unlikely places. If there is any valid criticism to be made on the allimportant ratio1,074 words
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1484 1979-01-27 14 JANE WU-KOH - In the last of her three articles on Renaissance music JANE WU-KOH outlines the final changes in approach of the great musicians of the era. The result was that music became more of an activity to be shared by everyone. JANE WU-KOH IN THE1,484 words
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PROPERTY
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Article, Illustration246 1979-01-27 14 THE LARGEST real estate development company in Japan may invest further in property development schemes here in the near future if the current improved climate prevails. Mr. Hideo Edo, 74, chairman of the Mitsui Real Estate Development Co., Japan's largest general property developer in terms246 words
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Article402 1979-01-27 14 THE SHERATON hotel chain is now the largest in the United States in terms of convention facilities. In its latest takeover, the Sheraton Corporation bought over two more hotels in New York City. They are the 1,850-bedroom Americana hotel and the 72ft-bed-room City Squire hotel. The acquisition move402 words
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Article, Illustration374 1979-01-27 14 TSANG SAU YIN - By TSANG SAU YIN THOMSON PLAZA reports leasing off or selling just over 80 per cent of its shop units as of end '78. Bookings were opened in the second half of that year. The fairly good response to the $38 million project374 words
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Article, Illustration187 1979-01-27 14 DILLINGHAM Land Singapore Pte Ltd., developer of the $100 million Ridgewood condominium in Ulu Pandan, has announced three new appointments. Mr Cfce«ag Chee Mu, former Housing and Development Board senior officer, 32, has been appointed as its resident property manager. Mr Cheong, with more than 10 years experience187 words
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Article, Illustration595 1979-01-27 15 TEO TECK WENG - By TEO TECK WENG FOR THOSE who want to be away from the hurlyburly of the city, but not too far away from it a local property company thinks it can help. United Overseas Land, a major residential developer, is offering the twintower Cairnhill Plaza595 words
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Article, Illustration351 1979-01-27 15 TEO TECK WENG - TEO TECK WENG A HIGH-RISE apartment black standing •a same 5,288 square metres sf seclnded freehold land off Baklt Tlmah Raad is saw aearfag completion. The 15-storey J ay a Tawer which sffers 28 three bedroom apartments will he campletod la March this year. The $t351 words
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Article224 1979-01-27 15 A LOCAL valuer has recently secured a contract to carry out the valuation of some 325,000 hectares of timber forest in East Kalimantan. The firm, Lai Pang Fee and Simon Lim, chartered surveyors, said it will be the largest ever valuation of rural land224 words
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402 1979-01-27 15 ONE OF THE biggest problem faced by the intending house buyer, next to raising finance, is seeking an expert opinion about the condition of the house. But in Melbourne, Australia, a group of young architects has evolved a scheme which may be a solution to402 words
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1577 1979-01-27 16 JOHN TAN - PERSONAL FIMAHCE Insurance By JOHN TAN WHEN TAKING OUT a life assurance policy, choosing the correct company to do business with is very important. Some companies may be large, but they may also be charging higher rates than the smaller companies. On1,577 words
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Article, Illustration434 1979-01-27 16 BOOK OF THE WEEK Title: A Chinese Aathelegy Edited by: Raymond Vu Over PabUsher: Pleader Price: $3.2* CHINESE FANTASY is that straage Had ef the nrml and the Unnaghly dsw-ts earth. Oae meets lady-gheats la the day Jast as yea weald aaysae434 words
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Article, Illustration1115 1979-01-27 16 Tsang Sau Yin - DESTINATION with Tsang Sau Yin A THOUSAND-MILE safari, rolling off from Colombo in the west, then heading south to the animal santuaries of Wirawila and Yala, up and eastwards to pass through yet another nature reserve of Inginiyagala before arriving at the beaches of Kalkudah and1,115 words
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Article, Illustration1224 1979-01-27 16 COLM CHEE - COLLECTING Snuff bottles are small, fit snugly into the palm of the hand and may easily be carried around in the pocket.However though the habit of snuff-taking may be odious to many it need not put off the serious collector of these attractive and1,224 words
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Page 13 Advertisements
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Advertisement40 1979-01-27 13 SHIPPING TIMES If yen are in shipping, «r virtually My trade, yes need Skipping Times. Published Ave times week with fastness Times, it keeps yea ip te date en ships, perts and skipping business. Make sore yen get year cepy.40 words
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Advertisement294 1979-01-27 13 mm Treat youraaH to tha food of tha gods Pago II Cairnhill offora a quiot apot noar tha haart of tho city 111 Snuff bottlaa can ba acquirad with -out gatting tha habit IV Sri Lanka could auit you for a ahort holiday braak_~JV Mathematics and Statistics in Penguins Mathematical294 words
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Page 13 Miscellaneous
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Miscellaneous619 1979-01-27 13 WHAT WHERE FILM SHOWS AT THE NATIONAL Museum this morning (10.4sam) there will be three documentaries, each about an hour in length, on Korea. They are the Bulkuksa Temple, Beautiful Korea, and Korean Youth. SUNDAY night (8.15pm) at the Singapore Hilton poolside movie-house will feature Yellow Face Tiger. This film619 words
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Page 14 Advertisements
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Advertisement336 1979-01-27 14 |The LIFE Library Of Photography helps you to see great picture possibilities -all around you... -P I The Life Lixary Of Photography Each volume measures 70'/< 10*1* inches (26x26 cm). Hard cover, silver stamped black-cloth binding.24o pages Approximately 300 illustrations, many in lull colour. The following books are available from336 words
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Page 15 Advertisements
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Advertisement89 1979-01-27 15 DID j RIDGEWOOD thr Most I diked About C ondominium in Singapore New Booking! Spectacular 3-4 Bedroom Apartments. Superior Finish. Built-in Cupboards. Kitchen with ceramic tiles, cooker hood, washer and dryer. Sales Prices from $173,000 FACILITIES 6 Parklike hectares A superlative Recreational Area, complete with 2 Pools, 2 Tennis Courts,89 words
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Advertisement224 1979-01-27 15 _@**}{\!\++;+$:)-%+^$~-@<.}*_`& JONES LANG V.t \**-r V ECONOMICAL OFFICE SPACE FOR LEASE CECIL STREET Superb office space excellently fitted out with carpets and partitions available at a rental of $16.15 per sq.m. per month. Area approx. 510.96 sq.m. MARKET STREET Newly completed office Building situated close to the Raffles Place and224 words
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Advertisement422 1979-01-27 16 This Month's New Penguins The Sixth Senss: Rosalind Hey wood The Sixth Sense is the record of man's investigation of his mysterious sixth sense, dating from the foundation of the Society for Psychical Research. A classic in the Study of ESP phenomena. 'A most remarkable, comprehensive and stimulating book' The422 words
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