The Business Times, 2 June 1977
1977-06-02
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The Business Times
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Title Section10 1977-06-02 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, JUNE 2, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article83 1977-06-02 1 UPI TOKYO, Wed. Thai Finance Minister Suphat Sutatum will visit Japan from June 8-12 for talks with Japanese leaders on economic cooperation between their two countries, the Foreign Ministry said today. The ministry said Mr. Suphat will be Its guest during his stay. He will meet withUPI - 83 words
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Article55 1977-06-02 1 UPI LONDON, Wed. Britain and the United States are considering possible joint future action to compel Rhodesia to withdraw troops from Mozambique, the foreign office said today. A spokesman said the British government always has ruled out major military action against Rhodesia "but an appeal to the securityUPI - 55 words
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Article46 1977-06-02 1 AP JAKARTA, Wed. Communications Minister Emll Sallm will leave for Manila tomorrow to discuss cooperation in communications between the two countries, the Department of Communications said. The department said Mr Sallm will meet his counterpart and other government officials during the visit. APAP - 46 words
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Article56 1977-06-02 1 Reuter COLOMBO, Wed. Sri Lanka, hit by a railway strike now In its fifth day, was gripped today by unrest in hospitals, banks and university campuses. A month of severe industrial strife ended In the middle of January, and the new troubles come with a generalReuter - 56 words
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Article128 1977-06-02 1 UPI NEW YORK, Wed. Bargain hunters pushed stocks higher early today in moderately active trading of New York Stock Exchange Issues, which have fallen to their lowest level In nearly 17 months. The Dow Jones Industrial average was ahead 3.65 points to 902.31 shortly before the first hourUPI - 128 words
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Article398 1977-06-02 1 PARIS. Wed. The US delegation at the NorthSouth economic conference today denied European reports that the world's rich and poor countries were on the brink of formal agreement on the key issue of energy. US State Department spokesman Mr. Hodding Carter told reporters at398 words
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Article177 1977-06-02 1 BRUSSELS, Wed. Inflation has speeded up In almost every country of the European Common Market. But Community economists expect the average inflation rate in the nine countries to be noticeably below 10 per cent a year in the second half of this year. Commission officials, commenting177 words
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1332 1977-06-02 1 JOHN TAN - A PROBLEM FOR FEOC By JOHN TAN NEARLY 70 per cent of the shops at Singapore's costliest shopping centre development to date have already been taken up, and there are still another four months to go before Lucky Plaza opens for business. However,1,332 words
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Article220 1977-06-02 1 Reuter TOKYO, Wed. Prime Minister Lee Kuan Yew left here today for the Commonwealth Prime Minister's conference in London after a four-day official visit to Japan. Earlier, he was briefed on the Japanese economic situation by Mr. Shlgeo Nagano, president of the Japan ChamberReuter - 220 words
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511 1977-06-02 1 THERE Is strong and fast growing demand In the United States for handcrafted oriental goods such as rattan furniture, paintings, ceramics and fabrics, according to the US Embassy here. A United States Information Service staff writer, Mr. Thomas Clemens, says that a511 words
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303 1977-06-02 1 UPI Reuter TOKYO, Wed. The amount of liabilities Incurred by bankruptcies In the textile industry reached an all-time high of 72.9 billion yen (***** million) in May, a private resvurh institution said today. According to the Shlnyo Kokanjo In Nagoya, the number of bankruptciesUPI; Reuter - 303 words
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Article157 1977-06-02 1 MANILA. Wed. The second summit conference of Asean will enable Its leaders to discuss plans' to make the region a tone of peace, freedom and neutrality, Philippine Foreign Under-secretary Jose Ingles said today. Mr. Ingles keynoted a meeting of senior officials from the five Asean countries. The157 words
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141 1977-06-02 1 THE Stock market which resumes trading today after a one-day break, will be watching the movements of the Central Sugars and Perak Carbide shares closely. Both counters were made "designated securities" by the Stock Exchange of Singapore and Kuala Lumpur Stock141 words
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122 1977-06-02 1 Reuter TOKYO, Wed. Credit Lvonnais will float a US$3O million (5573.8 million) sixyear, floating rate Asian currency bond /ssue on June 24,'Nomura Securities said as lead manager. The bonds will carry London interbank rate plus 0.25 per cent and will be issued at par.Reuter - 122 words
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Article213 1977-06-02 1 Reuter HONGKONG, Wed. The boards of Hutchison International and Hongkong and Whampoa Dock have agreed in principle to merge, Hutchison chief executive William Wyllie said. It is expected that the merger would be effected by creating a new holding company. HIL already owns over 50Reuter - 213 words
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186 1977-06-02 1 Reuter TOKYO, Wed. The Finance Ministry said it will shortly lift controls on overseas remittances of proceeds from the sales of Japanese bonds by foreign investors. Foreign Investors have been required to put the proceeds from their sales of Japanese bonds withinReuter - 186 words
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Article134 1977-06-02 1 SEVEN more American banks, including the world's largest, have announced they will raise their US prime rates by per cent to 6\ per cent, effective yesterday. The seven are Bank of America, Wells Fargo, Bank of California, First National Bank of Oregon, Bankers Trust Company, Bank134 words
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Page 1 Advertisements
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Advertisement34 1977-06-02 1 Colour TV is simply great Oversee* New*/ TV Radio Overseas News/ Feature Features Local Co>News International Co News P 2 Oversea* Stocks P 3 Transport ft ComP 4 municatioos P 5 Local/ Overseas News34 words
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Advertisement117 1977-06-02 1 SHARP SOLVED (FAST. ACCURATE) THE MOST COMPLICATED SCIENTIFIC CALCULATIONS Yes all prob'ems r be solved it s a jt'stion o* time and ,i xum A r, i time and •v'-takos d a hat vou an not at'rrrd to t<m- .n •odd, highly omppt t:,.- and most demanding mafKet Being p-.117 words
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Advertisement262 1977-06-02 1 WHISKY 100% SCOTCH WHISKIES Mended and bottled in Scotland under Government Supervision Imported by Cold Storage SEE PAGE Which bank helps you come to grips with today's fast-moving world? We do. Banket America. In today's rapidly changing world situation, the successful execution of business plans calls for flexibility and last262 words
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OVERSEAS
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116 1977-06-02 2 AP SEOUL, Wed. South Korea has decided to liberalise imports of 22 more commodity Items, effective July 1, by placing them on the automatic Import approval list, the .Commerce and Industry Ministry said today. The measure, taken under the Government's policy of gradually liberalisingAP - 116 words
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Article133 1977-06-02 2 AP TEL AVIV, Wed. Mrs. Leah Rabin has paid a fine equal to U5526,850 (SS70.000) for holding an illicit US bank account, and thus closed the legal end of a scandal that brought the fall of her prime minister husband. Mrs. Rabin turned over aAP - 133 words
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Article, Illustration858 1977-06-02 2 LONDON, Wednesday UPI THE shadow of racial strife in Southern Africa is looming over the Commonwealth. Presidents and Prime Ministers of the, 30 Commonwealth countries, whose one billion population represents more than one fourth of the world, meet In London's Lancaster House fromUPI - 858 words
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Article193 1977-06-02 2 TOKYO, Wednesday Reuter THE EXPORT-IMPORT Bank of Japan may soon resume supplying credits for the export of Japanese industrial plant facilities to the Soviet Union, which have been held up since the beginning of this year, bank officials said. A Soviet Foreign Trade MinistryReuter - 193 words
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227 1977-06-02 2 TOKYO, Wednesday AP TOSHIO ITAKURA, president of Japan Asia Airways (JAA), will leave Tokyo for Taipei on June 8 to discuss with officials of China Air Lines (CAL) problems affecting the two airlines a spokesman for JAA said on Wednesday. The spokesman did not elaborateAP - 227 words
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253 1977-06-02 2 UPI HONGKONG, Wed. China yesterday accused the United States and the Soviet Union of increasing economic control, expansion and plunder of India in their contention for dominance. The People's Daily, official newspaper of the Communist Party, said, "the American-Indian relationshipUPI - 253 words
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Article100 1977-06-02 2 Reuter MANILA, Wed. The advantage of the Philippines being in the Association of Southeast Asian Nations (Asean)" was vividly demonstrated by the support received from fellow members Indonesia and Malaysia at last month's Islamic nations conference in Tripoli, Libyan Jamaharlyah (formerly Libya). Newspaper columnist Apolonio BatallaReuter - 100 words
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439 1977-06-02 2 UPI MANILA, Wed. From Afghanistan to Western Samoa in the developing countries of Asia and the Pacific, cities are bulging with a growing number of urban poor. A study prepared by the Asian Development Banh (ADB) head-quartered in Manila shows that nearly one fourthUPI - 439 words
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Article609 1977-06-02 2 ABU DHABI, Wed NYT THE Arabs have added yet another financial Institution to their growing array the latest venture designed to emulate the well-known International Monetary Fund. The Arab Monetary Fund, as the new organisation is called, Is designed to provide financing for memberNYT - 609 words
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Article144 1977-06-02 2 Reuter BANGKOK, Wed. One of Thailand's top diplomats, suspended from active service since the military coup last October, Is expected to be appointed soon &s ambassador to west Germany, Informed sources said here today. Mr. Anand Panyarachun, former top foreign ministry official and ambassador to the UnitedReuter - 144 words
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Article, Illustration473 1977-06-02 2 TOKYO, Wednesday UPI JAPANESE rightist Yoshlo Kodama goes on trial tomorrow in connection with the US$l2 million (5529.5 million) Lockheed payoff scandal that shocked i Japan and led to the arrest of former Prime Minister Kakuel Tanaka last year. Mr. Kodama, 66, will beUPI - 473 words
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579 1977-06-02 3 WASHINGTON, Wednesday PRESIDENT Carter's energy plan would work but not as fast or as well as he has been telling the public, according to an independent congressional analysis released yesterday. And even the most controversial parts of the plan would not make a big difference579 words
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182 1977-06-02 3 UPI OTTAWA, Wed. Northern development Minister Warren Allmand said the Government will announce Its decision today on whether to allow Dome Petroleum to resume oil exploration In the Beaufort Sea In July. Mr. Allmand rejected as "completely false" opposition suggestions the Cabinet hadUPI - 182 words
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527 1977-06-02 3 LONDON, Wednesday UPI LEADING economists and foreign exchange experts predicted yesterday that the British pound will fall to USSI.M. Why they alight on $1.66 Is a mystery 'probably not even known to the economic and foreign exchange forecasters themselves. But every time the poundUPI - 527 words
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172 1977-06-02 3 AP WASHINGTON, Wed. The US Enviromental Protection Agency, (EPA) has designated benzene a hazardous air pollutant, the first step toward regulation of the chemical, a basic component of petrol. Benzene has been shown to cause leukemia In humans, an often-fatal cancer affecting theAP - 172 words
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Article34 1977-06-02 3 Reuter ANCHORAGE (Alaska), Wed. The 1,220-km Alaska oil pipeline, which snaked across some of the roughest country in North America, has been completed at a cost of US$B billion (5519.7 billion).Reuter - 34 words
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206 1977-06-02 3 Reuter CHICAGO, Wed. Moderation In money supply growth, Inflation rates and economic activity this summer and early autumn could cause short-term Interest rates to level or even decline somewhat Continental Illinois National Bank and Trust Co said. However, the bank's weekly newsletterReuter - 206 words
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Article86 1977-06-02 3 New Ottawa budget if Reuter OTTAWA, Wed. Canadian Finance Minister Mr. Donald Mac Donald said he will not rule out introduction of a new Federal Budget If economic conditions require It. He told the House of Commons he might consider a budget under some circumstances. He was replying to oppositionReuter - 86 words
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1170 1977-06-02 3 PAUL LEWIS - By PAUL LEWIS NYT THE Swiss banking industry, that legendary world of numbered accounts and anonymous millions, has reached a turning point. Here In the industry's capital, bankers are becoming Increasingly convinced that the future will bring them tighter controls, less secrecy, a moreNYT - 1,170 words
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Article132 1977-06-02 3 AP LAS VEGAS, Wed. Mr. Chester Davis, one of Howard Hughes' oldest friends and advisers, and two other close Hughes aides have resigned from the Summa Corp. board of directors, a Summa spokesman said on Monday. Mr. Davis, a New York attorney, will remain onAP - 132 words
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449 1977-06-02 3 Reuter AP UPI QUITO, Wed. The world may face an energy aide around 1990 far more serious than that of the 1970's following continued fast growth of world oil demand, according to Opec's monthly bulletin. Opec countries will themselves become majorReuter; AP; UPI - 449 words
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193 1977-06-02 3 AP BRASILIA. Wad. A cold •pell, with low temperatures and high winds in Bruit's largest coffeegrowing area, did bo damage to this year's crop, agricultural experts at the US embassy reported here yesterday. The reports conflicted with estimates made by coffee gmnfirsAP - 193 words
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Article84 1977-06-02 3 Reuter BONN. Wed. West Germany's present growth phase, which began In mid--1975, has shown a further slowdown since the turn of this year, the Economics Ministry said. The present period of recovery is being marked, in contrast to earlier ones, by considerable fluctuations, the Ministry saidReuter - 84 words
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272 1977-06-02 3 ROME, Wednesday Reuter ITALY needs to hold down the rise In labour costs over the next few years not only to reduce Inflation but also to help widen the productive base and maintain employment levels, the Bank of Italy said In ItsReuter - 272 words
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Article264 1977-06-02 3 Reuter ISLAMABAD, Wed. Strikes and political unrest in Pakistan in the last three months cost the economy between US$4OO million (SS9BO million) and $500 million. Federal Finance Minister Abdul Hafeez Pirzda said yesterday. This was the effect on Gross National Product (GNP) of 60 productionReuter - 264 words
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Page 2 Advertisements
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Advertisement34 1977-06-02 2 Peter Benchley 'Better than JAWS, ever escalating shocks' -TIME 'Cracking entertainment' -DAILY TELEGRAPH 4 < 3*, 'For the second time -the book you can't put down DAIL) MAIL Now on Sale at your regular bookshop34 words
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Page 2 Miscellaneous
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Miscellaneous52 1977-06-02 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on June 1 at Singapore airport. Maximum Temperature 32.9° C Associated Humidity 64 Minimum Temperature 24.5° C Associated Humidity lj Hours of Sunshine 6.25 Rainfall in Millimetres trace Total Rainfall for the Month trace Total Rainy Days for the52 words
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Miscellaneous219 1977-06-02 2 DIO&TV SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' matinee Don't Leave Me Alone (Mandarin film, pt. 1 repeat) 3.50 General Hospital 4.30 Intermission 6.00 Opening announcements followed by Lassie Just One Old Cow* 6.30 News in brief* 6.35 Warna-warni (Malay repeat)* 7.00 My Brother's Keeper Nothing Is For219 words
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Page 3 Advertisements
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Advertisement190 1977-06-02 3 8m back pa|* GRavinE Always fighting to make the world safe from fire. it. Ik o mm mm a e r O M 1 9 I m For four decades QRAVINER hat btan an mora sophisticated and afficiant. And pioneering intarnationai nama in the ax acting field of fire nmN190 words
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Article, Illustration1166 1977-06-02 4 KEVIN RAFFERTY - By KEVIN RAFFERTY MR MORARJI DESAI says that In some ways he was happier In prison than In his new Job as Prime Minister of the largest democracy on earth. At least there he said he had "no worry, no cause for worry, no responsibility1,166 words
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Article, Illustration1196 1977-06-02 4 BARRY MOODY - By BARRY MOODY Reuter IN A CANDID assessment of the last decade In Tanzania, President Julius Nyerere has pointed to the failures and successes of his own master-plan for transforming the country Into a socialist state. The analysis Is contained In aReuter - 1,196 words
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840 1977-06-02 4 T. RASKIN - The state of US labour scene By T. RASKIN NYT THE handle at all the parlmutuel windows and offtrack betting parlours from Rockingham Park to Santa Anita is small change alongside the money that switches hands whenever the Federal Bureau of Labour Statistics flashes a new monthly number on unemploymentNYT - 840 words
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Article371 1977-06-02 4 WILLIAM SAFIRE - By WILLIAM SAFIRE NYT DOUBLE-DIGIT inflation is back with the American*. Two jntn ago, w hen the Inflation rate roared above 12 per cent, fear of financial disaster for tens et millions •f ftailUl enabled a conservative president to restrain Congressional Last year, thanks to that holdingNYT - 371 words
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Page 4 Advertisements
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Advertisement193 1977-06-02 4 Give us a man for a montliwe'll give him a language for life now the largest group of language schools in the world offers a range of intensive language courses specifically designed for the busy executives whose work and position require them to attain a high degree of proficiency in193 words
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COMPANY NEWS
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Article705 1977-06-02 5 Current Ex Date Total for Total for payment Date payable the year previous year Guthrie IK May 16 June 2 1% 16% Boustead MalakofT 12 5% May 17 June 4 27.5% 20% m May 17 June 4 11% 10.5% Kent (FMS) Tin 150% May 20 June 4 150%705 words
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382 1977-06-02 5 SHANGRI-LA Hotel Just managed to maintain Its growth record last year with pre-tax profit touching a new high of $8.05 million, compared with $0.01 million in 1975. Though negligible In extent, this growth is regarded by chairman, Mr. Kuok Hock Nien as "very satisfactory considering the382 words
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Article151 1977-06-02 5 CONSOLIDATED Hotels took a loan of US$lO million from the Moscow Narodny Bank during the vear ended Sept 30, 1976. The company disclosed this in a recent reply to a string of queries from the Stock Exchange of Singapore. The loan, taken out on the security151 words
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COMPANY MEETINGS
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Article24 1977-06-02 5 THE following company meetings ate due: June 2. 11.30 a.m.. Room 404, ENE-PLAZA (4th Floor), 128 Jalan Pudu, Kuala Lumpur.24 words
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Article18 1977-06-02 5 June 3, 10.30 a.m., 4th Floor, U.O.B. Building, 1 Bon ham Street, Singapore 1.18 words
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Article19 1977-06-02 5 June 3, 10.45 a.m., 4th Floor, U. 0.8. Building, 1 Bon ham Street, Singapore 1..19 words
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Article15 1977-06-02 5 June 3, 11.30 a.m., at No 14 Jalan 223, Section 20A Petallng Jaya.15 words
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Article15 1977-06-02 5 June 3. 12 noon. 14 Jalan 223. Section 20 A, Petallng Jaya.15 words
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Article15 1977-06-02 5 June 3, 12 noon, 310 Registered Office, 310 Orchard Road, Singapore 915 words
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21 1977-06-02 5 Jardine Matheson Co. (South East Asia) Ltd.: June 3, 12.30 p.m., 16th Floor, Shlng Kwan House, 4 Shenton Way, Singapore 1.21 words
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Article18 1977-06-02 5 June 4, 10 a.m., 6th Floor, Tat Lee Building. 63 Market Street. Singapore 1.18 words
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Article22 1977-06-02 5 June 4, 12 noon, 28th Floor, U. 0.8. Building, No. 1, Bon ham Street, Raffles Place, Singapore 1.22 words
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Article13 1977-06-02 5 June 6, 11.30 a.m., Regent Hotel, Jalan Imbl, Kuala Lumpur.13 words
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Article15 1977-06-02 5 June 6. 12 noon, at the Regent Hotel, Jalan Imbl, Kuala Lumpur.15 words
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Article16 1977-06-02 5 June 10. 11 a.m.. 4th Floor, Bangunan MIDF. 117 Jalan Ampang. Kuala Lumpur.16 words
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22 1977-06-02 5 June 10, 12 noon. Registered Office, 9th Floor, Bangunan Hong Leong, 117 Jalan Bandar, Kuala Lumpur.22 words
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14 1977-06-02 5 June 11,12 noon, Registered Office, OCBC Centre, Chulla Street, Singapore.14 words
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22 1977-06-02 5 June 13, 11 a.m., Registered Office, at Jalan Utas, Batu Tiga Industrial Estate. Shah Alam, Selangor.22 words
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Article15 1977-06-02 5 June 15, 10.30 a.m., Registered Office, at Jandarata Estate, Teluk Anson, Malaysia.15 words
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Article13 1977-06-02 5 June 15, 11 a.m., 70 Jalan Ampang, Kuala Lumpur.13 words
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Latest results
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Article44 1977-06-02 5 Group net profit M 54.03 million on turnover $26.95 million for the year ended Dec 31, 1976. Depreciation $3.13 million and tax $8.83 million. Attributable profit $3.78 i million excludes extra-: ordinary credit Items $1.88 million. No comparative figures were available.44 words
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Article39 1977-06-02 5 Unaudited] consolidated pre-tax loss! M 51.95 million (loss $1.97 million) on mining loss $3.05 million (loss $2.8 million) for the year ended March 31. 1977. Tax $350,000 (sl.l' million) making net loss $1.6 million ($870,000).39 words
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Article282 1977-06-02 5 BUOtED higher metal prices, Larut Tin fields has pulled itself out of the red for the year ended Dec 31, 1976. Consolidated net profit amounted to M 5945.000 compared with a loss of $440,000 in 1975. However, the outlook remains highly uncertain due to the282 words
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816 1977-06-02 5 THE strong growth rates experienced by Overseas Union Bank in the first six months of 1976 was not carried through the rest of the year. The bank's annual report, released recently, shows how much slack was experienced in several key performance figures in816 words
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459 1977-06-02 5 HAVING Just gone through a difficult year with group pre-tax profit for 1976 falling 24 per cent to $2.14 million Dah Yung Steel Is still not completely out of the woods. Stiff competition from the various gas manufacturers in Singapore remains the biggest459 words
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502 1977-06-02 5 CONFOUNDING its own confident prediction of maintaining 1976 group profit at the 1975 Harper Qllflllan turned In its worst set of figures yet. Following a fall of about 38 per cent in the first halfyear, net profit for the year ended Dec 31, 1976502 words
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Article30 1977-06-02 5 AIR New Zealand has appointed Mr. Bryan Hottham as its Invercarglll area representative from yesterday. Miss Jennifer Water house has Joined Burson-Mars-teller as assistant public relations executive.30 words
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1026 1977-06-02 5 THOMAS MULLANEY - CALL TO ABOLISH LAW By THOMAS MULLANEY NYT NEW YOFK, Wed. For many years the nation's business and financial leaders have been quite unanimous in pressing or supporting efforts to convince Washington that the long standing American policy of double taxation on corporate dividendsNYT - 1,026 words
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182 1977-06-02 5 Reuter NEW YORK, Wed. The Municipal Assistance Corp (Mac) announced plans to make a new US*25(5 million public offering of Mac bonds In June. Mac officials said an agreement between New York City, Mac and the unions for the offering, reached over the weekend,Reuter - 182 words
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167 1977-06-02 5 Reuter HONOKONO, Wed. A spokesman for Hambro Pacific, one of the issuing houses for Swire Properties' offer for sale of 55 million HK$l shares at $2.75, said he was confident the issue was fully subscribed. Subscription lists for the issue closed this morning, and theReuter - 167 words
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Article27 1977-06-02 5 Reuter TORONTO, Wed. Texasgulf has cut Its prices for refined copper three Canadian cents per lb in the U8 and 3V« cents In Canada, effective Immediately.Reuter - 27 words
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429 1977-06-02 5 Economist NEW YORK, Wed. American accountants have broken ranks under reformist pressure from the Securities and Exchange Commission and from congressmen vexed by the failure of auditors to detect corporate bribery or to alert investors to impending bankruptles. Ernst and Ernst, one of theEconomist - 429 words
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Page 5 Advertisements
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Advertisement142 1977-06-02 5 TRADE MALAYSIA Malaysia's International Export Catalogue of Products and Services m mm 9 i l mm m This is your most ideal medium to world... This colourful catalogue will be distributed free to selected buying centres and trade fairs around the world and also given to the out-going and visiting142 words
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INTERNATIONAL COMPANY NEWS
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201 1977-06-02 6 Reuter MEXICO CITY Wed. Mexico's state oil company Pemex has finalised plans for the construction of a 1,200 km gas pipeline at a cost of about US$l billion from next year to boost gas exports to the US. It said construction of the pipeline,Reuter - 201 words
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Article49 1977-06-02 6 LONDON, wed. Morgan Guaranty Trust and Union Bank .of Switzerland are leading a six-year US$9O million syndicated credit for Ecuador, informed Eurocurrency bankers said. The interest margin is 1% per cent above London Interbank offered rates and a management group of about five banks has been formed.49 words
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Article363 1977-06-02 6 UK COMPANIES Reuter BRITISH NATIONAL OIL CORP chairman Lord Kearton said the corporation Is negotiating with a number of UK and US banks for external finance. He gave no figures but told a press conference the corporation will announce a number of complex financing agreements inReuter - 363 words
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Article203 1977-06-02 6 Reuter VICKERS chairman Lord Robens said nationalisation of the company's shipbuilding and aircraft interests will cause a slight hiccup in group profit. But expansion which has already started In other areas where the company has technological and management expertise will fill the gap within a short time, heReuter - 203 words
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96 1977-06-02 6 LONRHO has started legal action In the High Court, together with its pipeline company Companhla Do Pipeline Mocamblque Rodesia Sari against 29 defendant oil companies and agencies. It Is claiming damages for breach of contract, unlawful interference with contract, conspiracy, negligence and the96 words
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125 1977-06-02 6 JAPANESE COMPANIES SUMITOMO ELECTRIC INDUSTRIES forecasts a 37 per cent net profit gain for the current year ending March 31, 1978 to 3.5 billion yen on rise of 13 per cent In sales to 290 billion yen. It hopes to declare a 10 per cent125 words
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Article128 1977-06-02 6 Reuter NIPPON KOKAN KAISHA senior vice president Mr. Hajlme Tsubouchl said the company expects sales for the current year ending March 31, 1978 to rise 21 per cent to 1.5 trillion yen. He said, however, its net profit and dividend rate for this year areReuter - 128 words
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299 1977-06-02 6 Reuter NIPPON STEEL said its net Sroflt almost doubled to J. 77 billion yen In the year ended March 31, from 14.52 billion the year before, reflecting higher sales prices and increased exchange profit due to the appreciation of the yen. Sales rose to aReuter - 299 words
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Article168 1977-06-02 6 Reuter KAWASAKI HEAVY INDUSTRIES expects net Income for the current year ending March 31, 1978 to fall 23 per cent to 10 billion yen against an increase of 11 per cent in sales to 600 billion yen. But the dividend rate will be retained at lastReuter - 168 words
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1279 1977-06-02 6 TOM STEVENSON - By TOM STEVENSON NYT THE Great Oak Insurance, Chancery and Trans-Merl-dan Assurance are hardly well known names In the multl billion dollar insurance industry. There are, however, few insurers with more prominent stockholders. Great Oaks, Chancery and Trans-Meridan are controlled, respectively by Avon Products,NYT - 1,279 words
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217 1977-06-02 6 Reuter FOR the current year ending March 31, 1978 Sumitomo Shoji Kaisha expects after-tax profit to rise slightly to 7.6 billion yen on a rise of about eight per cent in sales to 6.3 trillion yen. A company spokesman said the company is settingReuter - 217 words
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Article1335 1977-06-02 6 On May 31 TRADING in options on the Chicago Board Options Exchange came to 74,593 contracts on Tuesday compared with 68,596 contracts last Friday. OPTION JLY OCT JAN STOCK Alcoa SO 51/4 6 7 54 5/8 Alcoa 60 5/16 I 13/4 54 5/8 Am Tel M 83/81,335 words
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Article496 1977-06-02 6 THE following company results are for the year ended March 31, 1977: AJINOMOTO after-tax profit 5.21 billion yen (4.60 billion) on sales 308.26 billion (275.63 billion). Dividend 10 yen (same). Asahi Optical after-tax profit 937 million yen (1.09 billion) on sales 27.35 billion (27.68 billion). Dividend six y4h (10).496 words
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Page 6 Advertisements
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Advertisement137 1977-06-02 6 Penguins in Business and Management Understanding Company Financial Statements: J. Parker Organization Theory: D. Pugh Business Strategy: H. Ansoff Corporate Strategy: H. Ansoff Exploration in Management: W. Brown Modern Management Methods: E. Dale Offensive Marketing: J. Davidson Business of Management: R. Falk Modern Business Enterprise: M. Gilbert Corporation Man: A.137 words
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INTERNATIONAL STOCK MARKETS
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Article398 1977-06-02 7 HONOKONO: The market closed higher In active trading on Wednesday, largely due to firmness of nHaagkisag Dock and other Hutehlsaa laternational group shares, dealers said. The Hang Seng Index rote 4.36 points to close at 443.32 points. They said the market Is expecting an announcement from Hoagkaag Deck or398 words
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Article491 1977-06-02 7 TOKYO: Late profit-taking In high priced electrlcals more than offset Initial gains, and the market closed lower on Wednesday dealers said. The Dow Jones average fell 11.64 to close at 5,014.50 with volume 230 million shares. The new index closed at 377.55, down 0.40 Sony lost 30 to 2,510,491 words
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Article424 1977-06-02 7 SYDNEY: The market was mixed on Wednesday, with uraniums firming In late trading, dealers said. The Sydney All-Ordlnarles rose 0.84 points to close at 459.82 points. Pancolitis en tal gained 50 cents to $10.50, and Queensland Mine* and Kathleen Investments also rose, while elsewhere among minings, Bougainville and Mim424 words
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Article156 1977-06-02 7 MANILA: The market generally eased on Wednesday, with mining and oil averages declining but commercials rising fractionally, dealers said. Total turnover fell to 1.83 million pesos from Tuesday's 2.23 million. Gainers were PLDT, Oriental A and Oriental B but Acofa Mints- Atlas Con A and B, Bagnio Gold and156 words
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Article244 1977-06-02 7 AMSTERDAM: The market eased In dull trading on Tuesday, with Uailevsr leading Datch Internationals 1.20 guilders lower while Hoogovsas rose 0.50. Elsewhere, shares fell up to three guilders. Holland Anterika Lijn, IHC and Middenstaadsbank were among the few stocks which held unchanged against the lower trend. State loans also244 words
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Article150 1977-06-02 7 BRUSSELS: The market was sharply lower on Tuesday, In line with Wall Street, dealers said. Unerg rose and Wagooa-Lit* also firmed after the opening quotation, but falls Included Sofina, Cobepa, Hoboken, Cockerill, Moaane and CBR. Oerman, US, and Dutch stocks fell. UK Issues were mixed. French steady, and gold150 words
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Article268 1977-06-02 7 FRANKFURT: The market closed quietly weaker on limited business and In line with Wall Street's weakness and strike threats at Lufthansa and In the Rheinlend-Pfel* chemical industry, market sources said on Tuesday. Shares closed mostly around two marks down although Daimler, In autos, lost three marks. The bond market268 words
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Article145 1977-06-02 7 MILAN: Stocks were mixed In thin dealings on Tuesday with on new initiative to stimulate business, bourse sources said. Bastogl and Generate lauaobiliare both fell while Fiat, Assicurasioni Gaaerali and Montodisea closed little changed. Snia Viscoaa firmed slightly. Bonds were little changed in thin dealings. MAY SI Lire Anic145 words
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Article331 1977-06-02 7 PARIS: The market was mixed In quiet trading on Tuesday, with analysts detecting a slight upward pressure on French call money and attributing the depressed tone to a fall on Wall Street, dealers said. Oils and rubbers eased, while banks, foods, engineerings and stores were mixed. Among foreign stocks,331 words
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Article253 1977-06-02 7 ZURICH: T he market closed barely steady In featureless activity on Tuesday, dealers said. Investors were reserved on uncertainty over the result of the forthcoming referendum on the government's financial package which Includes introduction of value-added tax and over the future trend of Interest rates on money and capital253 words
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Article322 1977-06-02 7 TORONTO: Share price* closed slightly higher In light trading on Tuesday. The market seesawed throughout the session with advancing Issues finishing ahead of declines 203 to 199. The composite Index was up almost one point. Brascan A rose 5/8 to 12 3/8. The company reported higher first quarter earnings322 words
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Article1004 1977-06-02 7 NEW YORK: The stock market on Tuesday continued Its recent slump which sent the Dow Jones Industrial average below the 900 mark on last Friday. "The bears are now in the drivers seat and there is no sign that the declining phase is over," said analyst Newton D.1,004 words
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Article61 1977-06-02 7 FINANCIAL TIMES INDUSTRIAL Tuesday 448.5 Monday 447.5 Week ago 472.2 DOW JONES AVERAGE INDUSTRIALS Tuesday 898.#6 Monday 898.83 Week ago 912.40 LONDON DOLLAR PREMIUM Tuesday 122* to 123 Monday 121 to 121 H.K. HANG SENG Tuesday 438.98 Monday 438.87 Week ago 441.43 SYDNEY INDUSTRIALS Tuesday 374.13 Monday 374.40 Week61 words
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Article43 1977-06-02 7 ALL local and Malaysian markets were closed yesterday for the Vesak Day and the King's Birthday holidays, respectively. Markets in Thailand were also closed yesterday for the Wisakabucha Day holiday. South African markets were closed on May 31 for Republic Day.43 words
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1191 1977-06-02 7 NYT NEW YORK, Wed. Is the young tiger being forced out by the old Hon? In the business jungle, this may be so. Certainly there Is a growing demand for middle aged (and even older) executives. Professional managers and specialist In theNYT - 1,191 words
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Article189 1977-06-02 7 Reuter TOKYO, Wed. The Sumitomo Bank may take steps to prevent the Newfoundland Refining Co. (NRC) from being auctioned. because an auction may make uncollectable the claims of Ataka on the Canadian company, a bank spokesman said. The spokesman said an auction may result In theReuter - 189 words
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Article146 1977-06-02 7 Reuter MANILA, Wed. Benguet Exploration has embarked on a programme to extend the life of Its mines In B&guio City, 200 kms north of Manila, vice president and chief geologist Mr. George Scholey told Reuters. The programme called for the deepening of the present mines by drilling andReuter - 146 words
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Page 7 Advertisements
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Advertisement351 1977-06-02 7 Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the |A pasar ma/am! Because Penguin books are rather special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational QI/§|f quite unlike the type that merely351 words
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COMMODITY REPORTS AND PRICES
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Article247 1977-06-02 8 LONDON, Wed. Rubber futures closed the morning dull reflecting today's holiday in both Malaysia and Singapore, dealers said. Prices were narrowly mixed against last night and mostly 0.20 pence lower (Aug 52.00 pence buyer) to 0.05 pence higher. Volume was 13 lots at 15 tonnes, including one kerb247 words
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Article448 1977-06-02 8 LONDON. Wed. Futures ended the opening call £58 to i'4o down on last night. 446 lots were traded and the market tone was 'barely steady.' Dealers said the market extended yesterday's decline as stoploss and chart point selling were touched off following New York's limit down close and leftover448 words
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Article78 1977-06-02 8 C.I.F Rotterdam. US dollars per ton. LONDON Tuesday Pre*: Malaysia 5% ffa bulk Jul Sumatra 5% May June July Aug Sept Nov Nigerian b% ffa bulk 855 sir 665 pd 670 sir 665 sir 657 50 pd unch unch unq 657 sir 670 qtd 670 qtd 670 qtd78 words
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Article404 1977-06-02 8 LONDON, Wed. Ter- minjal opened £33 to £18 i down with sales totalling 1 278 lots. .< Dealers said the market i appeared rather heslstant i with the initial Impact of t yesterday's trade reports of further Nigerian cocoa shipment dealys having been absorbed. The sources said although the404 words
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Article305 1977-06-02 8 LONDON, Wed. Terminal opened £0.90 to £0.35 below yesterday afternoon's closing levels. Sales totalled 558 lots. Dealers said steadiness during last night's kerb session was short lived as long liquidation touched off stoploss selling orders this morning. Scale-down trade buying and short covering resulted In a fairly active opening305 words
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Article173 1977-06-02 8 LONDON. Tum. The following pepper closing prices were quoted here (Sterling per long ton elf European ports delivered weight unless otherwise stated) Sarawak White: Spot 1,780 sir. Afloat (US dollars per tonne) 2.875 sir. May/June (US dollars per tonne) 2.875 sir Sarawak Black Special: Spot 1.000 sir. Afloat.173 words
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Article330 1977-06-02 8 LONDON. Wed. Copper wire bars rose by C 8.50 all round in the morning. The market was given fresh impetus by general shortcovering prompted by the steady New York close, higher gold and continued unrest on the Rhodeslan/ Mozambique border, dealers said. Three Months traded from C 783 up330 words
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Article125 1977-06-02 8 LONDON, Wed. Lead In the morning rose £5.75 for cash and £6.25 for Three Months. The movement in copper encouraged shortcovering operations and Three Months traded up from a pre-market low of £351 to a ring high of £356 prior to kerb business at £356.50 Sales were 2,575 tonnes.125 words
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Article180 1977-06-02 8 HONGKONG, Wed. Gold closed <3.60 higher at HKSBOS per tael, while the international gold price closed at 143.70/ 144 from yesterday's 143.40/ 143.70, dealers said. The metal opened firmer in line with overseas markets. Trading was moderate, with most dealers reluctant to sell ahead of the IMF auction. Fluctuation180 words
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Article125 1977-06-02 8 HONGKONG, Wed. The market was quiet with prices up to 40 cents lower, dealers said. Turnover totalled 269 tons comprising Thais 97, Kwangtungs 136 and Australlas 36 tons. The only arrival was 298 tons of Australlas. Thai White: 100 per cent old crop 1st class 102 OON 2nd 101125 words
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Article67 1977-06-02 8 LONDON, Wed. Zinc In the morning rose mostly t'7 reflecting the trend in copper and reports of improved physical demand on the Continent this morning, dealers said. Three Months traded up to t'335 in the ring in sales of 2.600 tonnes. On Tuesday afternoon, zinc lost £10.50 all round.67 words
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Article99 1977-06-02 8 HONGKONG, Wed. Cotton futures closed higher with gains ranging from 0.07 to 0.49 US cents, in fairly quiet trading, dealers said. March, which had a largest open interest after yesterday's trading, was most actively traded while May and July were untraded, they said. Total turnover rose to 5899 words
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Article189 1977-06-02 8 YARN and cotton prices In Hongkong dollars, ex-godown Yuj China Blue Phoenix £>, 5 1.H0.32'1 2.090. 40 s 2.180, (per bale of <00 lbs). Ptaes Goods China: Butterfly and Globe Brand unq, Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Oeeae unq. (per piece 36189 words
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Article136 1977-06-02 8 CHICAGO, Wed. Wheat futures yesterday showed gains of 1 1/2 cent a bushel around mldsesslon in a light trade. Prices firmed on speculative support prompted by ad advances in corn and soybeans and the buying absorbed spots of commercial hedging In light amounts. futures finished the session with prices136 words
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Article272 1977-06-02 8 CHICAGO, Wed. Soybean futures yesterday pushed upward In early dealings and traded eight to 17 cents a bushel higher around mldsesslon. Expected selling pressure failed to materialise at the opening and prices advanced on increased speculative buying Interest. New crop months showed the best gains on buying encouraged by272 words
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Article30 1977-06-02 8 SINGAPORE and Malaysian rubber, foreign exchanges and money markets were closed yesterday fot Vesak Day and the Malaysian King's birthday respectively. The Straits tin market was also closed.30 words
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Article237 1977-06-02 8 LONDON, Wed. Silver rose 2.8 to 2.2 pence per troy ounce in the morning. The market was fairly subdued with values marked up on the general trend of base metals and higher gold this morning, dealers said. Three Months traded finally at 273.2 pence In routine dealings of 55237 words
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Article205 1977-06-02 8 LONDON. Wed. -Tin in the morning rose by 150 for cash and C4B for Three Months in the standard contract. High grade gained 160 and t's2 respectively. Values were initially influenced by the firm copper trend and subsequently by good consumer offtake on the Continent following fairly brisk overnight205 words
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651 1977-06-02 8 UPI BANAUE (Philippines), Wed. The Incomparable Ifugao rice terraces covering the cloud-draped mountains of the northern Philippines are about to admit a new variety of 'miracle* rice in an effort to Increase productivity. Starting with 2,000 seed varieties from the seed bank of theUPI - 651 words
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366 1977-06-02 8 Reuter KUALA LUMPUR, Wed. Bolivia hopes that a fairer price range for tin can be worked out by the economic and price review panel of the International Tin Council next month, Bolivian ambassador to Malaysia Carlos Iturralde Ballivian said. Bolivia accepted the ITC fifthReuter - 366 words
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Article46 1977-06-02 8 Reuter TOKYO, Wed. Japan's preliminary electrolytic copper production In April rose 3.7 per cent to 78,287 tonnes from an unward revised 75,522 tonnes in March, and 17.3 per cent from 66,735 tonnes in Mprll 1976, the Ministry of International Trade and Industry said. Reuter.Reuter - 46 words
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MONEY AND EXCHANGES
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Article266 1977-06-02 8 NEW YORK, Wed. The dollar closed slightly firmer than on Friday following Monday's Memorial Day holiday after a quiet day marked by higher federal funds rates, dealers said. Funds traded up to 5% per cent at one stage and New York federal reserve bank made overnight repurchase agreements,266 words
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Article157 1977-06-02 8 LONDON. Wed. Sterling eased slightly to $1.7190/92 from 1.7191/94 overnight but maintained a basically steady undertone on. moderate enquiry in opening trading, dealers said. Six months discount was quoted at 4.58/4.48 cents against 4.60 overnight. Dealers were unaware of any Bank of England presence in the market. Elsewhere, the157 words
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Article106 1977-06-02 8 TOKYO, Wed. The US dollar for overnight delivery closed at 277.25, yen, after opening at 227.30, unchanged from yesterday's close. The US unit Initially hovered around the opening level with dollar selling and buying balanced, but It later eased slightly on Increased sales of export bills from traders and106 words
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Article89 1977-06-02 8 HONGKONG, Wed. The US dollar fell to a late HKS4.6850/70 from yesterday's 4.6905/25 after opening at 4.6910/30 In fairly quiet trading, dealers said. The US unit fell to 4.6820/40 before recovering slightly. The US dollar was almost unchanged against the mark at 2.3565/75. HONOKONO banknotes quoted on Jane 189 words
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Article47 1977-06-02 8 AUSTRALIA/NZ exchanges quoted on June 1 Australia: Sterling 0.6455/0.6385 US dollar 1.1063/1.1015 Ninety-day air mall buying rates: Sterling 0.6652 US dollars 1.1316 Ninety-day forward buying rates: Sterling 0.6493 US dollars 1.0946 New Zealand: Sterling 0.5599/0.5567 US dollar 0.9671/0.9571 Ninety-day forward rate: Sterling 0.5840 US dollar 0.987247 words
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Article57 1977-06-02 8 ZURICH exchanges closing quotes on May 31 US 2.5030 5037 UK 4.3011 3030 Can 2.3805 3820 W Germ 106.20 24 Neth 101.58 65 France 50.65 68 Belg 6.94V4 95 Denm 41.63 66 Norw 47.60 63 Swed 57.28 32 Italy 0.2828 2830 Austria 14.91 94 Port 6.47 49 Spain 3.62*57 words
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Article30 1977-06-02 8 FRANKFURT exchanges opening quotes on June 1. Can 2.2450/70 UK 4.05/0® Neth 95.56/86 Swltz 94.10/20 Italy 2.66/67 France 47.67/77 Norw 44.77/85 Belg com 6.53/54 Belg fin 6.53/55 Japan 0.8500/1030 words
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Article303 1977-06-02 8 LONDON, Wed. Straight Eurobonds were steady and basically unchanged In dull trading, dealers said. LONDON Eurobond prices quoted on June 1 Offer Straight* Bid Austria 8*90 101* 101* Bell Canada 8*. 86 104* 105* BFCE8*83 101* 102* Brazil 84 97* 97* Can Pacific 9* 83 103* 104 Credit303 words
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Article116 1977-06-02 8 Euro rates LONDON, Wed. Eurodollar deposit trading was Initially quiet. Time deposit rates were marked lower at the outset because of the Friday dealing technicality and rates have since shown little change, dealers said. The Three Month rate was additionally affected by the loss of Friday end of period factor.116 words
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Page 8 Advertisements
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Advertisement192 1977-06-02 8 V rfr MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE til ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia. The192 words
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TRANSPORT AND COMMUNICATIONS
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391 1977-06-02 9 AP WASHINGTON, Wed. Just in time for summer vacation, new rules are going into effect permitting most travellers on overseas flights to carry a lot more luggage. Beginning today, free baggage allowances on most flights will be based on the number ofAP - 391 words
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362 1977-06-02 9 Reuter NEW YORK, Wed. The governments of Franc* and Britain yesterday won the right to become directly involved over whether the supersonic Concorde airliner should be allowed to land at New York'* Kennedy airport. Until now, the two countries have been representedReuter - 362 words
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Article1146 1977-06-02 9 NEW YORK, Wednesday NYT IN THE aftermath of Watergate, the private corporate Jet long taken for granted as a sleek, exclusive, and prestigious executive perquisite Is Increasingly under fire. While other travellers crowd commercial airline counters and press for seats on increasingly cramped scheduled flights, theNYT - 1,146 words
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179 1977-06-02 9 Reuter FRANKFURT, Wed. A threatened strike by flying personnel of West Germany's airline Lufthansa, which would have affected many scheduled services, was called off at the last moment by union leaders yesterday. The salaried employees' union (DAO), representing two-thirds of the airline's flightReuter - 179 words
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Article160 1977-06-02 9 AP LONDON, Wed. South America still commanded 1 the prominent position on yesterday's shipping freight market, a market subdued by the after effects of the recent United States and European holidays. River Plate voyage fixing produced a 24,000-tonne June 15-29 shipment- to Kaohslung at US$22 (1,500 tonnesAP - 160 words
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Article103 1977-06-02 9 UPI TOkYO. Wed. The backlog of ship export orders from overseas plunged about 45 per cent over the past 13 months, the Japan Ship Exporters Association said today. Japanese shipyards had 692 export ships totalling 13.856,000 gross tonnes on order at the end of April,UPI - 103 words
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Article63 1977-06-02 9 Reuter BANGKOK, Wed. Two West German and two Thai companies will construct a naval dockyard here under a 2.2 billion baht contract, naval officials said. The work will begin next month and be completed by 1980. The companies Involved are Ed Zuplln ag, Deutsche Industrleanlagan, Christian 1 andReuter - 63 words
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Article, Illustration426 1977-06-02 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Glenogle (after Xlang Shan) 3/4 Gudrun Bakke (after Slnar Putra (8/9) Kyosel Maru (0700) (tide) 27/28 Palm Sea Horse (Tanker) (after Fljlharu Maru) 13/14 Phemlus (after Guiseppe D 1 Vlttotlo) 1/2 PASIR PANJANQ WHARVES Chin Dar (0700) (1034 1123) Odns 301 CB 5426 words
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255 1977-06-02 9 COMPAGNIE Maritime dea Chargeurs Reunia (CMCR) is incorporated in Prance and started operating to the Par East as far hack as 1901. CMCR is one of the largest French shipping companies and the CMCR group has wide ranging interests which include airtransportation (the French airlines,255 words
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Article592 1977-06-02 9 ARRIVALS MfTlOtl Operator Number Loca Tim i From OA CPA MAS OA472 CX003 MH082 0005 0145 0610 SYD/MEL HKO KCH PAA CPA SIA QIA PA847 CX710 8Q211 OA90O 0830 1000 1015 1030 8FO/HNL/QUM HLP HLP HLP OLA PAL SIA RBA SIA QA908 PR501 SQ240 BI325 SQ201 1100592 words
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Page 9 Advertisements
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Advertisement165 1977-06-02 9 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times r A BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific165 words
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520 1977-06-02 10 WE CAN PROVIDE SERVICES THERE Is a tremendous potential for trade and investment between Arab and Asian countries and Singapore can provide badly needed labour and managerial services to the Arab nations. Arab joint ventures on the scale of the Sumitomo petrochemical project in520 words
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Article116 1977-06-02 10 CHE SAN Company (Private) Limited filed a petition at the High Court on Tuesday to wind up Camy Offset Printing Company (private) Limited. The plaintiff is claiming $12,351.90 and interest of 8 per cent per annum from the date of Judgement to the date of116 words
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402 1977-06-02 10 KUALA LUMPUR, Wed. The Malaysian Prime i Minister, Datuk Hussein Onn pledged today that the i government will always give i top priority to the nation's security and to wipe out the communist terrorists and subversive elements. "There will be no let-up In our402 words
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Article118 1977-06-02 10 Reuter PARIS, Wed. Renegotiation of the International Multi-fibre Agreement, currently under way, should take account of threats to employment and Investment in the European textile Industry, Mr. C. M. Grittl, chairman of the International Rayon and Synthetic Fibre Committee said. He told the committee's annual meetingReuter - 118 words
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Article442 1977-06-02 10 Reuter AP TOKYO, Wed. Bank of Japan governor Mr. Teiichlro Morlnaga said Japan seems to have attained Its target of 5.7 per cent real economic growth during fiscal 1076 ended March 31, compared with 3.4 per cent the previous year. He told a newsReuter; AP - 442 words
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157 1977-06-02 10 UPI TOKYO, Wed. A new steel company formed today by the merger of two firms became Japan's eighth largest carbon steel producer. Godo Steel, based In Osaka with a paid up capital of 2.7 billion yen (5524.00 million), was created through the amalgamation ofUPI - 157 words
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287 1977-06-02 10 WHIZ kids In management will be given an opportunity to express their ideas in the first National Young Managers Essay Competitor! organised by the Singapore Institute of Management. The main objectives of the contest, which will take the form of a team287 words
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159 1977-06-02 10 Reuter MANILA, Wed. Phlllpplns coffee production Is expected to grow rapidly within a few years as a result of the Government's agro-reforestation programme. Industry officials said this should encourage the Industry to look for bigger markets abroad to meet Increased demand. They were commentingReuter - 159 words
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569 1977-06-02 10 COMMUNICATIONS and National Development Minister, Mr. Lim Kim San yesterday announced that the customs and immigration checkpoint at Woodlands will be computerised and Malaysian motorists entering Singapore will therefore not be required to have their car registration books with them from June 20. Mr.569 words
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Article765 1977-06-02 10 LONDON. Wed. Share prices closed little changed while government stocks maintained their earlier rally as fears of an increase in minimum lending rate faded, dealers said. A small majority of leaders fell after irregular movements and at 3.00 pm the Financial Times index was down 0.1 at 448.4765 words
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Article246 1977-06-02 10 A STOCKHOLDER'S attempt to query the director* of Guthrie Berhed, i locally listed company, at iu stockholders meeting oa Tueedey was frustrated whoa he was denied entry into the hall. The shareholder, Mr A.C. Baptista, was prevented from entering the Guthrie aanual general meetiag held246 words
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116 1977-06-02 10 TWO Sime Darby companies have been accused by the Sime Darby Employees' Union of refusing to discuss their computation of commisslon payable to salesmen. The two, Sime Darby Engineering Pte Ltd and Sime Darby Sales Pte Ltd, have openly Indicated they will discuss116 words
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228 1977-06-02 10 Reuter TOKYO, Wed. Japan's external reserves fell by US$66 million (Ssl62 million) in May to $17.25 billion, the Finance Ministry said. The decline was the first since January. However, the reserves stood above $15.21 billion at end-May 1976. Finance Ministry sources saidReuter - 228 words
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308 1977-06-02 10 Reuter GENEVA. Wed. The head of the International Labour Organisation (ILO) urged its annual conference today t© strive for a just world order, but steer clear of other political issues. The 135-nation body links representatives of workers, employers and governments and won the nobelReuter - 308 words
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Article130 1977-06-02 10 TOKYO, Wed. US Agricultural Secretary Bob Bergland arrives here on Sunday at the start of a three-week Far East tour, which will Include the World Food Council meeting in Manila. During his four days in Japan, he will meet government leaders, including Agriculture Forestry Minister130 words
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Article34 1977-06-02 10 IN Business Times yesterday, Mr. Donald M. Miller was described as the vice-chairman of the Continental Bank of Illinois. It should have read Continental Illinois National Bank and Trust Company of Chicago.34 words
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Advertisement208 1977-06-02 10 CPS COMPUTER PROCESSING SERVICES PTE. LTD. A member of the Straits Group CPS, a member of the Straits Group of Companies, is South East Asia's only regional computer bureau. We are a rapidly expanding computer services company operating 18M370 computers in Singapore, Hong Kong and Malaysia, catering for a wide208 words
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Advertisement158 1977-06-02 10 GAMBLERS HANDBOOK rtls 0 1 d$ up n 5 P pi^ sin° Ca 7* J(1 r lw u r< U 16/by E. Lenox Figgis F.C.A. A practical handbook explaining how betting takes place on the world's most popular betting pastimes, including horses, dogs, football pools, sporting events, casino games, such158 words
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