The Business Times, 7 June 1977

Microfilm: NL9307
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, JUNE 7, 1977 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Lock icon Rubber talks open
      100 1 UPI GENEVA, Mon. Major producers and consumers of rubber began a week of talks today In their second attempt to establish a basis for negotiating a new international agreement. But experts said there was little Immediate hope of sufficiently narrowing the differences between producing and consuming nations
      UPI  -  100 words
    • Article
      Lock icon Gold racket uncovered
      74 1 Reuter JOHORE BARU, Mon. Malaysian customs officials have uncovered a well-organised syndicate smuggling gold between Malaysia, Singapore and Indonesia. Assistant director of Customs Preventive Service, Boon Oon Lor, told reporters here that the syndicate's operations came to light following the arrest of the ring's 31-year-old mastermind and
      Reuter  -  74 words
    • Article
      Lock icon Ecevit triumphs
      70 1 Reuter ANKARA, Mon. Opposition leader Bulent Ecevit confidently claimed victory In Turkey's General Elections early today and said his Republican People's Party (RPP) needed Just four of the undecided seats for an absolute majority In the National Assembly. Social Democrat Mr. Ecevit said that the party had won
      Reuter  -  70 words
    • Article
      Lock icon Aussie airline protest
      80 1 Reuter CANBERRA, Mon. The Australian government has protested to the US about a plan to allow Continental Airlines to operate services in the Pacific area. At present, the major operators In the Pacific include Australia's state-run airline Qantas, New Zealand's state-run airline Air New Zealand and Pan
      Reuter  -  80 words
    • Article
      Lock icon Jail for Mitchell
      61 1 Reuter WASHINGTON, Mon. A Judge today ordered former US Attorney General John Mitchell and H. R. (Bob) Haldemann, ex-President Nixon's chief of staff at the White House, to start serving prison sentences on June 22. It was the final act In the Watergate scandal. Mr. Mitchell will
      Reuter  -  61 words
    • Article
      Lock icon Dow Jones
      108 1 UPI NEW YORK, Mon. Stocks, trying to sustain Friday's sharp rally, were mixed early today In fairly active trading of New York Stock Exchange issues. Blue-chip stocks were under profit-taking pressure. The Dow Jones Industrial average, up nearly two points In the first half hour, was off 0.43
      UPI  -  108 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      183 1 BULLISH conditions prevailed on the Stock Exchange of Singapore yesterday with gains recorded in most lower-priced issues. Baying interest spilled over to old favourites like Pan-Electric, Inchcape and Empat Nombor Ekor. At the close, the Business Times index registered another sharp rise of 9.67 points to 306.(4
      183 words
    • Article
      In Kuala Lumpur
      122 1 Rites Most active G. Lumber M. Rice 1 26 1.03 .28 .27 G. Lumber C. Securities 1,371.000 «LT7 MM C. Sugars 3.22 .24 Haw Par 524,000 M Tobacco 5.55 +.15 Ben Mi ono EKE. Gentlngs M Box Bhd Ben C.C.M. Essoord Slme Darby Dunlop Ind Guinness Inchcape
      122 words
  • Article
    Textile industry here is sitting pretty
    813 1  -  REAPING BENEFITS OF PROTECTIONISM •r JOHN TAN SINGAPORE textile comKnies are now reaping the neflts of not having over expanded their production capacity and of adopting a relatively low profile In their export marketing efforts. Unlike their counterparts throughout East Asia, they are not
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  • Article
    Lock icon THAI ACCORD WITH EEC
    195 1 Reuter BANGKOK, Mob. Thailand has reached agreement with the European Economic Community (EEC) to export 14,052 tonne* of textile* during the current year, government spokesman Mr. Kamchad Kripanich told reporters. He added that under a separate agreement Thailand could export knitwear and ready-made garments in the
    Reuter  -  195 words
  • Article
    Chamber hears developers' grouses
    240 1 THE commerce sub-com-mittee of tftfc' "tThinese Chamber of Commerce has had a meeting with representatives from housing developers to ascertain their grouses. The sub-committee will make its report and recommendations to the board of directors of the chamber who will then make formal representations through the
    240 words
  • Article
    Lock icon 'A Saudi oil price hike in the offing'
    530 1 UPI AP BEIRUT. Mon. Saudi Arabia will increase Its oil price by five per cent soon as a direct reaction to the collapse of the North-South dialogue in Paris last week, the Middle East Economic Survey (Mees) said today. The usually authoritative
    UPI; AP  -  530 words
  • Article
    Lock icon Good sign
    51 1 UPI WASHINGTON. Mon. US consumer credit, an Indicator of public confidence in the economy, expanded by U552.66 billion (36.5 billion) in April, the second biggest increase ever, the Federal Reserve Board said today. The April gain was $60 million less than the record $2.72 billion Increase in March.
    UPI  -  51 words
  • Article
    Hire purchase car loans picking up
    427 1 HIRE purchase financing for motor vehicles provided by finance companies at the end of April was higher In value than at any time in the last 18 months. Figures released by the Department of Statistics showed thatatotalofsl26.s million was disbursed for the purchase of
    427 words
  • Article
    Lock icon BURMA GETS LOAN
    236 1 AP HONGKONG, Moil. Burma has arranged a US$3B 75 million (3*95.9 million) syndicated loan with a group of banks headed by Chase Manhattan Asia and Wardley, Chase Manhattan Asia reported today. A statement by Chase Manhattan said the agreement was signed In Rangoon today. The sVfc-year loan
    AP  -  236 words
  • Article
    Lock icon Warning of a return to confrontation
    293 1 Reuter LONDON, Mon. The world was in danger of returning to economic confrontation, Commonwealth secretary-general Shrldath Ramphal said here today. The mechanisms of change In a new world economic order still eluded agreement, as demonstrated in last week's Paris talks between Industrial and developing
    Reuter  -  293 words
  • Article
    Lock icon FAO to wage war in the fields
    170 1 AP ROME, Mon. Mr. Edouard Saouma, director general of the UN Food and Agriculture Oganlsation, (FAO), told the FAO's governing council today the organisation was putting into action its plan to give greater emphasis on work in the field. "Member governments," Mr. Saouma
    AP  -  170 words
  • Article
    Lock icon Fukuda stand on 3 Asean projects
    106 1 Reuter AP TOKYO. Mon. Prime Minister Takeo Fukuda will give favourable consideration to helping three projects planned by Asean when he visits the area later this year. Japanese government sources said. They are a soda ash project In Thailand, a superphosphate project in the
    Reuter; AP  -  106 words
  • Article
    1-for-3 scrip out of Cold Storage
    353 1 PROFITS at Cold Storage Holdings have at last broken out of the static mould they have been frozen in for the last two years and although group profits have increased by a slim six per cent rate to $21,643 million, shareholders can look forward
    353 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      37 1 %)<&+-<>`>*-{:|<]'=_>?=%&\!?-+< Overseas News/ TV A Oversee* Stocks -P7 Radio -Pi Conunodities -PS Oversees News -P3 Transport ft ConsLocal Co News -P4 —jeeHsM -M International Co Featnres -Pl* News -P5 Local ft Oversees Local Stocks -P« News -Pll, 12
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      19 1 mi urt'W tv mmjk i: r •it 5 v WW. mm hsIJG h Wr ifwpunni f i rf > V
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      3 1 SEE PAGE 4
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    • Advertisement
      Page 1 Advertisements Column 4
      176 1 y-Bix COMPLETE COPYMG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE Tel *****2 (5 Lines) APS ELECTRONICS (M) SDN BHD KUALA LUMPUR Tel *****/83®98*4567 SEE PAGE 2 CHOICE FflCTORIE/ FOR /RLE Jurong Site area 9,720 sq.m. (105,000 sq.ft.). Covered area 3,716 sq.m. (40,000 sq.ft.). Column free portal frame structure. Priced for quick
      176 words
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  • OVERSEAS
    • Article
      Lock icon Abu Dhabi awards $77m contract for fire berths
      267 2 AP NICOSIA, Mon. The oilwealthy sheikdom of Abu Dhabi has signed a US$3l.2 million (5576.8 million) contract with Howard Algeeml Construction Company to build five deepwater berths at the nation's Persian Gulf port of Mina Zayed. Howard Algeeml is a Joint venture
      AP  -  267 words
    • Article
      Lock icon IRANIAN TRADE ON THE UPSURGE
      185 2 Reuter TEHRAN, Mon. Iran's non-oil trade will exceed USSSO billion (SSI23 billion) a year by 1988 with 80 million tonnes of cargo moving in and out of the country. Iranian Minister of Economic Affairs and Finance Hushang Ansary said today. Mr. Ansary told a meeting
      Reuter  -  185 words
    • Article, Illustration
      Lock icon Separate schemes for each reserve grain sought by US
      766 2 TOKYO, Monday UPI THE Carter administration wants to set up Its International grain reserves programme on a commodity by commodity basis, rather than placing all grains under a single agreement, Agriculture Secretary Bob Bergland said today. "We do not want an
      UPI  -  766 words
    • Article
      Lock icon Arabs urged to gird up for war
      474 2 UPI BEIRUT, Mon. The Arabs have marked the 10th anniversary of the outbreak of the Six-Day War in 1967 with calls to prepare for a fifth Arab-Israeli military conflict. They pointed to statements by President Carter in favour of a Palestinian homeland and
      UPI  -  474 words
    • Article
      Lock icon Kuwait chalks up $25 bil surplus
      220 2 AP NICOSIA, Mon. Kuwait amassed a financial surplus of more than US$lO billion <8524.6 billion) in the 15month fiscal year of 1975-76, the Middle East Economic Survey (Mees) reported. Tlu newsletter quoted figures released by Kuwait Central Bank as showing a surplus of $10,194
      AP  -  220 words
    • Article
      Lock icon Birth of Arab immigrant union
      120 2 AP GENEVA, Mon. An International union of Arab Immigrants, grouping nearly seven million Arabs, was created in Geneva after two days of talks among 60 delegates from immigrant communities. Saudi Arabian Oil Minister Ahmed Zakl Yamani was elected the union's president and Dr. Abdel Rahman
      AP  -  120 words
    • Article
      Lock icon Stock listing
      25 2 Reuter ZURICH, Mon. Occidental Petroleum will be listed on the Bourses of Basle. Zurich and Geneva from Jyne 24, Schwelzerlscher Bankvereln said. Reuter.
      Reuter  -  25 words
    • Article
      Lock icon Venezuela spreads its petro-$ around
      580 2 CARACAS, Monday Reuter BILLIONS of dollars from oil-rich Venezuela are being used to help development In poorer countries of Latin America and the Caribbean. A special Investments fund called FIV for short, set up In June 1974 by the government of President Carlos Andres Perez,
      Reuter  -  580 words
    • Article
      Lock icon Group wins deal to build four plants
      92 2 Reuter TOKYO, Mon. United Arab Emirates' Dubai Electricity Corp has awarded a Japanese consortium a 24 billion yen (Ss2lo million) contract to build iwo 68.000-kllowatt thermal power plants and two desalination plants, Mitsubishi Heavy Industries said. The Dlants are to be mm- pleted
      Reuter  -  92 words
    • Article
      Lock icon Most vital issue at UK talks
      142 2 Reuter LONDON, Mob. The growing gap between rich and poor nations will be the moat important issue at the Commonwealth Conference, New Zealand Prime Minister Robert Muldoon said on his arrival here today. "Since the price of oil increased in 1973 the richer nations
      Reuter  -  142 words
    • Article
      Lock icon Inflation, not jobless rate, worries the Americans more
      244 2 UPI TOKYO, Mon. Citibank chairman Walter Wrlston said today that Americans worry more about Inflation than unemployment, and warned against overstimulating the economy to create more Jobs. "Rapid Inflation has shaken the confidence of people In governments In many parts of the
      UPI  -  244 words
    • Article
      Lock icon MITSUBISHI GETS MORE SHIP ORDERS
      62 2 Reuter TOKYO. Mon. Mitsubishi Heavy Industries said Soclete Ivoirlenne de Transport Maritime (Sitram), the state-run Ivory Coast shipping firm, has ordered two 16,000 dwt cargo ships costing about four billion yen (Ss36 million) each. The ships, for delivery in 1978, are in addition to three
      Reuter  -  62 words
    • Article
      Lock icon Healey wage plea
      85 3 Reuter LONDON, Mon. British Chancellor of the Exchequer Denis Healey appealed to workers to accept pay increases in the year from August which will raise earnings by about the 10 per cent expected for the current phase two. This will enable the government" to meet the target
      Reuter  -  85 words
    • Article
      Lock icon Diplomatic spy
      25 3 UPI BONN, Mon. West German counterintelligence agents have unmasked a Bulgarian diplomat as an alleged spy, the Blld Zeitung newspaper said yesterday. UPI.
      UPI  -  25 words
    • Article
      Lock icon Tax probe bares slush fund firms
      417 3 AP WASHINGTON, Mon. The US Internal Revenue Service says a special tax probe of major American corporations has uncovered 481 cases of possible illegal corporate slush funds. Seventy-one cases have been turned over tb the IRS intelligence division for investigation of possible criminal fraud,
      AP  -  417 words
    • Article
      Lock icon An active year for bonds
      133 3 Reuter WASHINGTON, Moa. The IMF said the international bond market will remain active this year, although the level of activity will decline from that seen in 1976. In a supplement to its survey, it estimated new issues will total US$2O to 525 billion (5549.2 to
      Reuter  -  133 words
    • Article
      Lock icon International lending on the upswing
      792 3 WASHINGTON, Monday NYT THE volume of International lending Increased by 40 per cent last year, and bankers expect it to continue rising sharply this year to non-oil-producing developing countries, some industrial countries, and even to some oil-exporting countries, according to data compiled by the International
      NYT  -  792 words
    • Article, Illustration
      Lock icon Schmidt says world's economic system is changing
      220 3 UPI NEW YORK, Mon. West German Chancellor Helmut Schmidt said In an Interview released yesterday that continuing unemployment In the West shows that the world's economic system Is going through a structural change. Mr. Schmidt, interviewed by Newsweek International. also said the withdrawal
      UPI  -  220 words
    • Article
      Lock icon $375 m is still available in USDA loans
      218 3 AP WASHINGTON, Mon. With less than four months left in this fiscal year, the Agriculture Department still has nearly US$l5O million (5J375 million) to loan qualified foreign countries for the purchase of US farm commodities. The loans are provided under USDA's Commodity
      AP  -  218 words
    • Article
      Lock icon World Bank in 30b yen bond issue
      108 3 Reuter TOKYO, Mon. The World Bank will float a 30 billion yen bond in August, the Industrial Bank of Japan said as lead commissioned bank. It said the terms of the issue will be discussed here this week between World Bank officials and
      Reuter  -  108 words
    • Article
      Lock icon Italy's April trade deficit higher
      103 3 Reuter ROME, Mon. Italy's trade deficit rose to 503 billion lire (Ssl.4 billion) in April from 464 billion in March, but was below the 708 billion In April 1976, the Statistics Institute said. Exports stood at 3.14 trillion lire and imports 3.65 trillion respectively, 33
      Reuter  -  103 words
    • Article
      Lock icon RENAULT REVERSES MASSIVE LOSS
      68 3 Reuter PARIS, Mon. Regie Natlonale Des Uslnes Renault is believed to have made enough profit in 1976 to wipe out 1975's loss of 551 million francs (***** million) and leave a little over, industry sources said. They said parent company turnover rose to 25 billion francs
      Reuter  -  68 words
    • Article
      Lock icon Host of bills up for debate in Congress
      232 3 AP WASHINGTON, Mon. The US Congress Is set to debate questions this week concerning revisions of the nation's housing, community development and clean air programmes, and the easing of restrictions on the political activity of federal employees. The Senate, returning from a
      AP  -  232 words
    • Article
      Lock icon 'We won't call that a fire'
      140 3 Reuter BAHRAIN, Mon. Fire which broke out on Saturday at Saudi Arabia's Abqaiq oilfield was completely extinguished, a spokesman for the Arabian-American Oil Company (Aramco) said today. Contacted by telephone In Dharan. the spokesman, Mr Faisal Al-Bassam. Aramco's vice-president In charge of public relations,
      Reuter  -  140 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      339 2 lit;: mmm m S V nv.A ,s New Cortina's crisp elegance is in the tradition of classical European styling yet every line and feature is functional. From the front "air-dam" spoiler for speed stability and safe roadholding to the big wrap-around tail lamps, new Cortina combines function with beauty. A
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      197 2 7.00 The Phil Silvers Show It's For The Birds (r) 7.30 News in Malay 7.45 Juara '77 (2nd Quarter Final Malay) "Live" from Studio 1 8.35 Fall of Eagles Tell The*ind, The Sky Is Falling 0 9.30 News Newsreel in English 10 00 Cannon Man In The Middle 10.55 Sutherland's
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      50 2 THE WEATHER I WEATHER report lor 24 hour* prior to 7.30 p.m. June 6 at Singapore airport. Maximum Temperature 30.9* C Aeeociatod Humidity (7 Minimum Temperature 24.2 °C Aeeociatod Humidity M Hours of Sunshine 4.M in Millimetres 37.8 Total for the Month «t.t Total Rainy Days for the Month 3
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      226 3 New fiord Cortina The classic eurocar •""v fVv: v. ■m y m. m V v -:>'y* vi:: m > y S; j ,yf $jf S > ?vA M y v .'V? -.yvO^ w\ s Rear centre armrests 9 Two speed wipers with intermittent wipe Electric quartz clock 4 spoke safety
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  • COMPANY NEWS
    • Article
      DIVIDENDS ANNOUNCED
      715 4 Curreat Ex Date Total for Total for payment Date payable the year previous year Sembawang Shipyard 10% May 10 June 7 10% 10% C.K. Tug 8% May 13 June 10 8% 3% Hongkong Land 4.4% May 4 June 10 6.6% 5.8% SEA Corpn. 25% May 13 June 10
      715 words
    • Article
      Sime clarifies
      173 4 SIME Darby Holdings has clarified that Spring Investments of Australia, the non-trading holding company of Thyer Rubber, also of Australia, which it recently proposed to acquire, owns the whole of the issued capital of the rubber company. The consideration of ASI.9 million (about $5 million) to be paid
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    • LATEST RESULTS
      • Article
        COLD STORAGE HOLDINGS
        46 4 Unaudited group pre-tax profit $21.65 million ($20.39 million) on sales $180.6 million ($175 million) for the year ended Jan 31, 1977. Scrip issue one-for-three for shareholders registered on July 18. Final dividend 8.25 cents (7.75 Malaysian cents). Interim 5.75 Malaysian cents (5.6 cents).
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      • Article
        METAL BOX SINGAPORE
        48 4 Audited group pre- tax profit $4.65 million ($3.56 million) on sales $55.34 million ($47.96 million) for the year ended March 31, 1977. Special interim dividend one per cent payable July 19. Final dividend 16 per cent payable Jan 4, 1978 to shareholders registered July 7.
        48 words
      • Article
        SANYO INDUSTRIES (MALAYSIA)
        17 4 Audited nei prom M 51.29 million ($864,363) for the year ended Dec 31, 1976.
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    • Article
      April oil palm output
      72 4 Austral Enterprise 1,028.00 244.00 Ayer Molek Rubber 126.00 Benta Plantations 6,363.00 1,273.00 255.00 Buklt Katll Rubber 538.02 Castlefleld 246.22 49.24 Consolidated Plantations 38,980.00 7,796.00 1,559.00 Dunlop Estates 4,010.00 880.00 Golden Hope 3,202.06 625.22 Guthrie Ropel 1,783.00 424.00 Inch Kenneth Kajang 40.13 11.12 Kempas(M) 8,103.00 1,621.00 324.00
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    • COMPANY MEETINGS
    • Article
      Overseas Union Trust chalks up 9pc growth
      467 4 INVESTMENT income appears to have played a significant part In the 9.1 per cent rise In pre-tax profit turned In by Overseas Union Trust (OUT) last year. The finance company, a subsidiary of the Overseas Union Bank, posted a pretax proiit of $2.95
      467 words
    • Article
      Electrical and Allied turns to KL for aid
      454 4 ELECTRICAL and Allied Industries whose factory In Petaling Jaya suffered extensive damage In a fire on May 2 has asked the Malaysian Government for assistance to enable It to get back on Its feet. It is currently negotiating with other suppliers In
      454 words
    • Article
      Timuran Holdings' earnings well ahead
      664 4 TIMURAN Holdings, whose operations span such well known names as C&ldbeck Mcgregor, Eastern Agencies and Eton Eastern, put up a creditable performance during the transitional nine months to its new financial year ending Dec. 31. Although group pretax profit at M 52.75 million for the
      664 words
    • Article
      Results at Metal Box impressive
      271 4 AGAINST figures extracted from the old group Metal Box Co. of Malaysia Metal Box Berhad. the Malaysian corporate offspring achieved Impressive results during its first full year of operations to March 31. 1971. On a 13.3 Der f*nt. increase In sales to 39 million, the
      271 words
    • Article, Illustration
      Hong Leong Finance enjoys 19pc increase in profit
      523 4 HONO LEONG Finance enjoyed all-round growth in its wide spectrum of financial activities for the year ended Dec 31, 1976 when it chalked up an 18.9 per cent increase in company pretax profit to an-all-tlme high of $6.33 million. Consolidated pre-tax profit
      523 words
    • Article
      Chersonese optimistic
      689 4 FOLLOWING bumper profit in 1976, Chersonese chairman Mr T.B. Barlow says in annual report and accounts that the current outlook for all the commodities production is better than at this time last year. Chersonese reported 1976 profit up almost 50 per cent to £743,515 which Mr Barlow describes
      689 words
    • Article
      PEOPLE IN BUSINESS
      45 4 SANYO Industries (Malaysia) Berhad has appointed Mr. Akihiko Kobayashi to its board of directors. Mr. Ang Keong Lan, managing director of Malaysian Feedmills has been appointed chairman and Mr. Chew Boon Keng and Mr. Tay Cheng Huat additional directors from May 28.
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    • Article
      Lock icon Intel got success recipe from hamburger maker
      1117 4  -  By VICTOR K. McELHENY NYT SANTA CLARA (Calif) Mon. A picture of Andrew Grove hangs on the wall of his office in the Intel Corporation's headquarters in a former pear orchard here. But it's no more a typical executive photograph than it's typical
      NYT  -  1,117 words
    • Article
      Lock icon Merger with ITT
      94 4 Reuter OKLAHOMA CITY, Mon Eason Oil and International Telephone and Telegraph have entered a definitive agreement for Eason to merge with ITT. The transaction, approved by the directors of Eason and to be submitted to the board of ITT, is subject to acceptable tax rulings. an effective
      Reuter  -  94 words
    • Article
      Lock icon OKB plans Eurobond
      59 4 Reuter FRANKFURT. Mon. Oesterreichische Kontrollbank (OKB) plans a SO million mark Eurobond or private placement later this month, probably managed by Deutsche Bank Ag, primary bond market sources said. The terms are still unclear, they added. In January OKB made a 50 millioh mark placement for seven
      Reuter  -  59 words
  • Page 4 Advertisements
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      308 4 "j Cold Storage Holdings Limited (Incorporated in the United Kingdom) NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Empire Dock. Singapore 4, at Noon on 16th July, 1977, when the Directors will recommend for approval a Final Dividend of 8.25 Singapore cents
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Chemical Bank optimistic
      385 5 NORTH AMERICAN COMPANIES CHEMICAL NEW YORK'S first quarter earnings improvement should continue through the second 1977 quarter, chairman Mr. Donald C. Platten told analysts. In the first quarter. Chemical had net Income of U5524.43 million or $1.68 a share after securities transactions, compared with net income of
      385 words
    • Article
      Lock icon Norton Simon offer for Avis stock
      161 5 Reuter AVIS trustee Mr. Richard Joyce Smith said he received an offer to buy the 47 per cent of Avis stock he holds for $20.25 a share. He said Norton Simon also proposed to offer the same price for the remainder "of Avis outstanding
      Reuter  -  161 words
    • Article
      Lock icon Fed move compounds Franklin's problems
      200 5 Reuter FRANKLIN NEW YORK'S trustee in bankruptcy, Mr. Sol Nell Cor bin, said the New York Federal Reserve Bank is charging an unconscionable interest rate on its loan to Franklin National Bank and he has asked for it to be reduced. The bank, now in
      Reuter  -  200 words
    • Article
      Lockheed Aircraft new subsidiary
      133 5 LOCKHEED AIRCRAFT has formed a newly wholly owned subsidiary. Lockheed Finance, that will develop financing arrangements to aid Lockheed companies in providing assistance to customers requiring sales financing for the purchase of Lockheed commercial products. Mr. James T. West, director of commercial financing for Lockheed California,
      133 words
    • Article
      Lock icon Gulf, Mobil suspend Mackenzie drilling
      101 5 Reuter GULF OIL CANADA and its partner. Mobil Oil Canada, have decided they undertake no further drilling in the Mackenzie delta until the Federal Government approves a Mackenzie valley pipeline, enacts acceptable frontier land regulations and establishes conditions regarding land use permits. Gulf said both
      Reuter  -  101 words
    • Article
      Lock icon More bad news for Cook shareholders
      668 5 NYT THE news could hardly be worse for shareholders of Cook Industries, the beleaguered grain conglomerate. Two top officials have recently resigned under fire after exceeding the company's g.ain trading limits and. presumably, being partly responsible for losses totalling US$B7 million for the fiscal
      NYT  -  668 words
    • Briefly
      • Article
        Lock icon B. Industries
        40 5 Reuter JEDDAH, Mon. Saudi Arabian Basic Industries has signed a contract with Mitsubishi Oas Chemical, C. Itoh, and W.R. Grace to build a one billion rlyal, 600,000 tonnes per year methanol complex at Juball on the gulf. Reuter.
        Reuter  -  40 words
      • Article
        Lock icon Southland Paper
        48 5 Reuter HOUSTON, Mon. Southland Paper Mills said Its board approved the proposed merger into St. Regis paper in an exchange of 1.1 St. Regis share for each Southland share. St. Regis boara approved the Merger last Wednesday. It is stilt subject to Southland shareholder approval. Reuter
        Reuter  -  48 words
      • Article
        Lock icon C'wealth Edison
        51 5 Reuter CHICAGO, Mon. Commonwealth Edison has declared an Initial dividend of U552,848 on Its new $8.38 cumulative preference stock for the period from March 30 to July 31. This dividend, and the regular quarterly of 60 cents on the common, are payable Aug 1 on record June 17.
        Reuter  -  51 words
    • Article
      Lock icon Argentine bank heads syndicate
      521 5 Reuter NEW YORK. Mon. Banco de la Naclon Argentina, heading a syndicate of seven US and one Canadian bank have signed. $50 million /three-year Eurodollar loan agreement here with the Argentina state agency. Direcclon Naclonal de V'latldao, Argentine Economy Minister, Mr. Jose Alfredo Martinez de Hoz
      Reuter  -  521 words
    • Article
      Lock icon MIM accord on Frieda
      100 5 Reuter BRISBANE, Mon. MIM Holdings has reached agreement on terms for mining the Frieda River copper deposits In talks with the Papua New Guinea Government, a spokesman for the Australian company said. Exploration has so far indicated some 500 million tonnes of copper mineralisation contain 0.5
      Reuter  -  100 words
    • Article
      Lock icon Profit up at Asahi Chemical
      106 5 Reuter TOKYO, Mon. For the year ended March 31, 1977 Asahi Chemical made an after-tax profit of 4.5 billion yen compared to 3.04 billion yen previously. Sales were up 15.62 billion to 473.43 billion. The dividend of five yen was unchanged from the previous year.
      Reuter  -  106 words
    • Article
      Lock icon Nod for Egam breakup
      72 5 Reuter ROME, Mon. The Italian Parliament finally approved government plans to break up the state mining and metals group Egam and redistribute its industrial activities among the state holding companies Irl and Eni. The salvage plan will cost over 500 billion lire In government grants this
      Reuter  -  72 words
    • Article
      Shell, NIOC joint venture
      58 5 TEHERAN, Mon. A iolnt venture agreement has been signed to build a 200,000-tonne per annum capacity lubrication plant near the Abadan refinery, South Iran, Industry sources said. The agreement Is between Shell Petroleum, with a 25 per cent interest In the venture, and the National Iranian
      58 words
    • Article
      Lock icon Details of bid for T. Graham
      217 5 Reuter HONGKONG. Mon. Jardine, Matheson said Its subsidiary Matheson Investments Is offering t'298.38 of 7 3/4 per cent sterling/ Hongkong dollar convertible unsecured loan stock 1987/ 92 or C 290.78 of loan stock plus a deferred cash consideration for every 100 nominal 10 pence
      Reuter  -  217 words
    • Article
      Lock icon N. Fudosan
      33 5 Reuter LONDON, Mon. The Nippon Fudosan Bank US$3O million Issue, due 1982 was priced at 99 per cent with a coupon of 7% per cent, lead manager Morgan Stanley International said.
      Reuter  -  33 words
    • Article
      Lock icon Atlas Con remains biggest copper producer
      172 5 Reuter MANILA, Mon. Atlas Consodlldated Mining and Development retained its position as the Philippines' biggest copper producer In 1976, followed by Marcopper Mining Marlnduque Mining and Industrial and Phllex Mining, according to Bureau of Mines Statistics. Atlas produced 102,489 tonnes of copper concentrates, compared
      Reuter  -  172 words
    • Article
      Lock icon Approval for increase in MMIC borrowings
      94 5 Reuter NEW YORK.Mon. Marlnduque Mining and Industrial In a release issued here said lenders approved an Increase In the amount of short-term debt the company can Incur to US$65 million from $40 million. Marlnduque said the approval, which ends Oct 31, 1977, will allow
      Reuter  -  94 words
    • Bonds
      • Article
        Lock icon Imatran Voima 20m units of account
        118 5 Reuter LUXEMBOURG. Mon. Finnish utility Imatran Voima Osakeyhtlo is seeking 20 million units of account through the issue of 10 year bonds with 8.5 per cent coupon. Kredietbank Luxembourgeoise said as lead manager. The loan, unconditionally guaranteed by the Republic of Finland, is expected
        Reuter  -  118 words
      • Article
        Lock icon DSM
        30 5 Reuter AMSTERDAM. Mon. The DSM US$4O million 10-year dbenture loan will carry an 8 1/4 per cent coupon and has been priced at par, Amsterdam Rotterdam Bank said. Reuter.
        Reuter  -  30 words
      • Article
        Lock icon Istituto Mobiliare Italiano
        75 5 Reuter ROME, Mon. Istituto Moblllare Italiano said it has contracted an agreement with a group of banks for a US$2OO million six year floating rate credit at 1 3/8 per cent over London interbank offered rates. Co-ordlnator of the group of banks is Morgan Guaranty, and the
        Reuter  -  75 words
      • Article
        Lock icon Mitsubishi Gas Chemical convertible
        90 5 Reuter LONDQN. Mon. Mitsubishi Gas Chemical proposes to offer US$2O million of convertible bonds, due 1992. through an international underwriting syndicate, a spokesman for lead manager Nomura (Europe) said. The bonds will be priced at par and are expected to carry a six per cent coupon.
        Reuter  -  90 words
      • Article
        Lock icon Bulgarian credit
        53 5 Reuter I-ONDON Mon The F- reign T ade Btnk of Bulgaria is raising a US$lOO million six y f-ar Euromarket credit with an Interest margin of m per cent over London interbank offered rates, informed Euromarket sources said. Lead manager for the loan, now in syndication, is Bank
        Reuter  -  53 words
      • Article
        Lock icon Francaise du Ferodo
        73 5 Reuter PARIS, Mon. Francaise d i Ferodu plans to raise 117.5 million francs through a 9.5 per cent 11'/, year convertible bond issue at par. The bonds will be convertible into shares on a one-for-one basis at any time from Jan 1 1978. witn amortisation in seven
        Reuter  -  73 words
      • Article
        Lock icon CNAN issue priced at par
        71 5 Reuter LONDON. Mon -The Cie Natlonale Algciienne de Navigation (CNAN) 150 million Saudi Rial note issue has been priced at par with an 8*« per cent coupon, Banque Arabe Et Inter Nationale d'lnvestissement said. The notes, guaranteed by the Banque Exterleure d'Algerie have a final
        Reuter  -  71 words
      • Article
        Lock icon Mexico
        42 5 Reuter FRANKFURT. Mon. The 100 million mark 7*/4 per cent seven-year Eurobond for the United Mexican States was priced at 99 "2 per cent, lead manager Deutsche Bank said. Proceeds will help finance public sector projects in Mexico, it added. Reuter.
        Reuter  -  42 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      38 5 $>, ■^7 V/ TimL y r*r presents BUFFET LUNCHEON (4th June to Ist July, 1977) noon to 2.30 pm at $15.00 per person m m t Hiii a *r J, SA///dfH// QQj c e charge 3% govt. tax. ■iflnilMrf
      38 words
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      Page 5 Advertisements Column 2
      158 5 S3» 2^5 4. H 1 D 7 a IKb r; 3Sfc H v* r VI AN ■Hi rfjr s V* T.V #v* t 5 7 r 1 4 r "J** i f t J r' <* «»< *n AY* r s\ -1 > r r.> VVr. mf v. I* V
      158 words
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  • Article
    Share Information Service
    2186 6 Gr'» Or* Not 1*77 Lost div Div yld P/E Vol Day Hi(k Low Company Sale +or- e'rr High Lew SECTION ONE INDUSTRIALS 146 136 Acma 144 12. ON 1.1 8.3 7.2 133 127 Aetna A 129 unch" 12.ON 1.1 9.3 6.5 2 129 129 204 204 Alcom
    2,186 words
  • Article
    Transactions in Singapore
    1485 6 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 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Rig Board
    1,485 words
  • Article
    In Kuala Lumpur
    1398 6 Bin and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lots of l.OOft units unless otherwise specified industrials Aetna (1.38B). Aleom (1 758). A. Chac (0.888) (3) 0 80.
    1,398 words
  • Article
    Stock options
    83 6 STRIKING prices of the stock options officially listed on the Stock Enhance of Singapore, the period*, hid ud offer prices and business done yesterday, with the number of options traded shown in brackets. D.B.S. (June tt.9o) (0.055). Inchcape (June $2.40) (0.05 1 ;B O.OSS) (1) 0.04, (7) 0.05.
    83 words
  • Article
    Unit trusts
    150 6 SINGAPORE UNIT TRUST (Maaa(«' pricM for June T) INCOME BOND UNIT (Currant nriceal The Commerce.... 164 1.73xd INCOME BOND 1 05 l.U The Saving Fund 0 89 0M S pore Prog Fund 0 82 0 87 MARA BUMIPUTRA FUND S'pore Security Fund S'pore Invest Fund iMasafcn' pnen for
    150 words
  • Article
    CORPORATE BONDS
    181 6 B O T 7 5/8% 19H4 (100.000) (98 3 iß 995) B O T 8 1/2% 1981 (100.000) (102V«B 103S) D B S 8 1/2% 19X2 (100.000) (100 3 «B 101'»S) ÜBS Converts 6 1/2% 1991 (100.000) (97'%8 98SS) E I B 9% 1982 (100.000) 104S) E I
    181 words
  • Article
    GOVERNMENT BONDS
    119 6 5 1/2% 1/4/78 (250.000) (101.40B) 5 1/2% 15/4/78 (250.000) (101.508 101.555) 5 1/2% 15/4/78 (2.100.000 K 1)101.59 5 1/4% 15/7/78 (250.000) (101 508 101.575) 4 3/4% 1/5/79 250.000) (100.758 100 955) 7% 1/7/79 250,000) (104.658) 5 \/i% 15/10/79 (250.000) (101 708 101.85S) 6 3/4% 15/8/80 (250.000) (103.40B) 6
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  • Article
    SES MOVES HIGHER:
    634 7 BULLISH sentiment prevailed on the Stock Exchange of Singapore yesterday with gains recorded in most lower-priced issues. The speculative element was still very much active with interest centred on a dozen or so counters, the majority Malaysian-based. The morning market was characterised by strong upward movements interrupted
    634 words
  • Article
    MORE GAINS ON KLSE
    491 7 A FRESH round of speculative buying pushed share prices substantially higher on the Kuala Lumpur stock market yesterday. Following last week's trend, trading struck a bullish note right from the opening. Shares, particularly the handful of speculative issues were well supported in heavy dealings. Although trading
    491 words
  • Article
    Lock icon Wall Street investment outlook brightens
    895 7  -  By LEONARD SILK NYT THE mood of investors brightened at the end of last week In response to better news about both Inflation and unemployment. The wholesale price Index, which had been climbing at double-digit rates from February through April, rose by only 0.4 per
    NYT  -  895 words
  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      400 7 HONOKONO: The market closed little changed In moderate trading on Monday, after easing on profit-taking following a firmer opening, dealers said. The Hang Seng index was down 2.18 points to close at 448.04 points. Wheelock and its subsidiaries were again fairly active, with Wheelock closing 2.5 cents lower at
      400 words
    • Article
      Tokyo
      475 7 TOKYO: The market closed dull In light trading on Monday, after rising Initially In continuation of the rally late last week, dealers said. The Dow Jones average declined 1.17 to close at 5,012.06 with volume 150 million shares. The new index was 377.93, down 0.37. Selective demand was seen
      475 words
    • Article
      Sydney
      371 7 SYDNEY: The market closed lower in dull trading on Monday dealers said. Uraniums firmed initially but later fell, with Pancontinental closing 25 cents to $11.50 and Kathleen Investments and Peko-Wallsend slightly lower. The Sydney All Ordinaries was down 1.48 points to close at 461.66 points. Queensland Mines closed three
      371 words
    • Article
      Manila
      197 7 MANILA: The market advanced across-the-board on Monday, although turnover remained low, dealers said Marinduque led the mining sector, gaining five points and other mining Issues advanced (rationally. Commercials posted minimal gains while oils closed higher, with Oriental and Baaic Petroleum gaining one point each. Other gainers Included Atla* Consolidated
      197 words
    • Article
      Bangkok
      98 7 JUNE US Bahts Asia Fibre 169 2 Bangkok Bank 301 ♦2 Bangkok Invest 1798 -1 Bangkok-Metro-politan Bank Bata 451 unch Berll Jucker 261 -2 Charoong Thai Wire 163 ♦J Dumex DusltThanl 198S 1 Faber Merlin First Trust Indo-Thal iaos unch Industrial Finance Corp ***** J And J Ho 190
      98 words
  • Article
    Lock icon Flurry over credit, rates has no impact on US
    1440 7  -  By THOMAS MULLANEY NYT THE flap over tighter credit conditions and rising interest rates that erupted In recent weeks between Washington political personalities and the banking community has aroused the attention of the business community, but has not yet caused any
    NYT  -  1,440 words
  • Article
    Lock icon Bond dealers, managers keep a wary watch
    649 7  -  By JOHN H. ALLAN NYT WITH interest rates on taxfree bonds close to their lowest levels in three years, the volume of tax-exempt bond offerings this week is expected to exceed US$l.2 billion, making it the third most active on record. Bond dealers
    NYT  -  649 words
  • Article
    Lock icon Profit jump at Barclays
    93 7 Reuter LONDON. Mon. Pre-tax profit at Barclays Bank International Jumped 33 per cent to C 55.6 million for the first six months ended March 31. 1977 from C 41.71 million previously. The higher earnings included profits of C 8.4 million from associates, up from 12.89 million.
    Reuter  -  93 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      339 7 EJJTI irw Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar ma/am! Because Penguin books are rather rj| special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational jl/41 quite unlike the type
      339 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      273 8 IN the Singapore rubber market yesterday, prices opened ruled dull and featureless. Towards the morning close prices fell back some one cent on stale bull liquidation and some selling of Oct/Dec 1977. The morning session closed lower with June RSS One buyers quoted at 192.00
      273 words
    • Article
      Closing prices
      31 8 Rubber: June 6 Singapore: June 192.25 cts (down 1.25 eta) Malaysia: June 193.25 cts (down 0.25 ct) Tin: $1,443 (down $4) Official offering: 237 ton nes (up 57 tonnes)
      31 words
    • Article
      R.A.S. PRICES
      390 8 Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int 1 RSS prompt fob. 102 00 193.00N 192.25 193.25N Int. 1 R.S.S. June 192.00 192 50 192.25 192 50 Int 1 R.S.S. July 195 50 196.00 195.50 196 00 Int. 2 R.S.S. 189.25 190.25N 189.25 190 25N
      390 words
    • Article
      SSR AND SMR
      108 8 June July HAS. (Current Mth) (Forward Mth) Buyer* Sellers Buyer* Seller* (cent* xrkt) (cenu per kg) SSR20 (1 -ton Pallets) 192 50 193 50N 194.00 195 00N KSR50 It -ton Pallets) 190 00 191 00N 191 50 192 50N M.K.K.LB SMR 5CV -ton Pallet) 216 50 218.50N
      108 words
    • Article
      Produce exchange
      364 8 SINGAPORE'S commodities market yesterday plodded through another dull and featureless period of trading with prices holding from steady to firm despite the lack of overseas advices. The coffee bean market, which plunged over the weekend, was less volatile than usual as local stockists generally complained of (he lack
      364 words
    • Article
      Hongkong comex
      319 8 HONGKONG, Mon. Cotton futures closed higher with gains ranging from 0.30 to 0.62 US cent in fairly quiet trading, dealers said. May and July were untraded due to the fairly wide spread between bids and offers. Total turnover fell to 19 lots, the lowest since the market opened
      319 words
    • Article
      Gold
      187 8 THE gold market in Singapore opened in quiet and dull conditions yesterday. Most dealers showed little interest as London was closed yesterday and will remain so today. The kllobar opened at SSI 1,400 in the afternoon; the price weakened to close at 5511,370. In the loco London market, the
      187 words
    • Article
      Straits tin market
      38 8 THE Straits tin price in Penang yesterday was down $4 to $1,443 on an official offering up 57 tonnes to 237 tonnes. Trading was very quiet, although limited buying continued from all sources, dealers said.
      38 words
    • Article
      Rice
      217 8 BANGKOK. Mon. Indicative prices for rice quoted here were: US dollars per tonne fob basis Bangkok White Rice: 100 per cent Ist class 295 100 per cent 2nd 280 100 per cent 3rd 276 5 per cent 263 10 per cent 240 15 per cent 237 20 per cent
      217 words
    • Article
      Lock icon Thai rice exports rise
      121 8 Reuter BANGKOK, Mon. Thai rice exports during May Increased to 242,500 tonnes from 238,000 tonnes In April and compared with 146,200 tonnes In May 1976, Foreign Trade Department sources said. Total rice exports during the first five months of 1977 were 1.21 million tonnes compared with
      Reuter  -  121 words
    • Article
      Lock icon Inter-cropping brings hope to small farmers
      867 8 Depth News MANILA, Mon. About 65 per cent of the Philippines' half million coconut farms average less than four hectares and are run by worker-families, mere "tree guardians" who take a onesixth crop share or only about 175 pesos (Sss9) per crop, every 40
      Depth News  -  867 words
    • Article
      Lock icon BURUNDI MAKES A FRESH START
      980 8 FT BUJUMBURA (Burundi), Mon. Genocidal massacres, murders and political assassinations have earned the small and impoverished African republic of Burundi a bad international reputation over the 15 years of Its independence. Perched at the north end of Lake Tanganyika, Burundi has been convulsed by tribal
      FT  -  980 words
    • MONEY AND EXCHANGES
      • Article
        Singapore
        619 8 THE US dollar eased by almost one yen against the Japanese currency in the Singapore foreign exchange market yesterday following last Thursday's statement from the US Treasury that the yen might appreciate further. From the opening of 276.20 yen, the market here saw heavy selling of the dollar from
        619 words
      • Article
        Minimum lending rates
        44 8 acbc 6'. 6 V 4 S l Citibank S*. Bangkok Bank 7 HSBC tv< Bank of America Indosuez Bank of China 7 6H Mitsui Bank SV, Bank Negara OCBC CH Indonesia 7 OCB 6'< L'CB 7 UMBC 7 DBS COB e*
        44 words
      • Article
        Hongkong
        133 8 HONGKONG, Mon. The yen firmed to 275.51/58 against the US dollar in late trading from 276.32 equivalent at Friday's New York close, a ter touching 275.30/40 at one stage in fairly quiet trading, dealers said. The mark closed stronger at 2.3550/55 from New York's 2.3563, while the Hongkong dollar
        133 words
      • Article
        Tokyo
        115 8 TOKYO. Mon. The US dollar for overnight delivery weakened in active trading to close at 275.55 the lowest since April 18 compared with 276.45 at the opening and 276.60 at Friday's close, dealers said. The US currency declined sharply as banks anticipated a heavy inflow of dollars through flotation
        115 words
      • Article
        Asian $ rates
        164 8 Asian rates ASIAN currency deposit Interbank rales as at close on June 6 US Dollar* (Spot) Offer Bid 7 days 59/18 5 7/16 1 mth 511/16 5 9/16 2mths 513/16 511/16 3 mths 61/16 515/16 6mths 6 5/16 63/16 9 mths 61/2 6 3/8 12 mths 63/4 6 5/8 Sw.
        164 words
      • Article
        Discount
        51 8 RANCtE of prires offered by discount 1 houses on June 6 Overnight 3% i Call deposit 3* i ci—im Buy Selling 3-Month Treasury bills 3 2 7/8 3-Month Bank hills 4 1/6 315/16 3-Month CD 4 5/16 4 3/16 6-Month CO 4 9/16 4 3/8 Source: National Discount Co.
        51 words
      • Article
        Frankfurt
        42 8 FRANKFURT exchanges opening quotes on June 6. US 2 3543/53 Can 2 2332/52 UK 4 044 049 Neth 95 60/70 Swttz 94 82/92 Italy 2 656/662 France 47 60/70 Norw 44 87/95 Bel* romm 6.532/537 Belf! fin 6 54/55 Japan 0.8545/55
        42 words
      • Article
        Lock icon Discount rate up
        68 8 Reuter KUALA LUMPUR. Mon. The average discount rate on 91-day Malaysian Treasury bills rose to 2.990 per cent at the latest tender from 2.986 per cent last week. Bank Negara said. It said applications totalled M 571.5 million for the $50 million of bills on offer. The
        Reuter  -  68 words
      • Article
        Lock icon Debentures
        34 8 Reuter PARIS, Mon. Australian Mining and Smelting, 100 per cent subsidiary of Conzinc Riotinto of Australia will offfer US$3O million of debentures due 1992, Morgan Stanley International said as joint lead manager. Reuter.
        Reuter  -  34 words
      • Article
        Lock icon BANK THAT STAYED OPEN THROUGH A CIVIL WAR
        1015 8 NY T BEIRUT, Mon. Through all the brutal confusion and senseless destruction of the Lebanese war, the Banque Libano-Francalse kept its doors open and even prospered. General manager Michel Valentin-Smith said It was a matter of confidence and acrobatics. He might have
        NYT  -  1,015 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      194 8 r T" :ll.l»Vl.l MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE fli ASIA 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.
      194 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article, Illustration
      Recession tends to unite shipbuilders
      571 9  -  DESPITE THE SCRAMBLE FOR CONTRACTS By TERESA LIM IF ANYTHING, the worldwide recession in the shipbuilding industry tends to unite shipbuilders in some aspects, despite the scramble for contracts. Local shipbuilders are agreed on two things: there is, potentially, a vast market in Asean countries,
      571 words
    • Article
      MariChem 77 Conference to be held in Hamburg
      236 9 LEAPING topics for discussion at the forthcoming MariChem 77 Conference in Hamburg will be the impact of international chemical transportation codes on chemical carrier design and operation, particularly with respect to pollution avoidance and safety. The MariChem conference. which will be held
      236 words
    • Article
      MISC to take part in Aussie trade soon
      89 9 MALAYSIAN International Shipping Corporation (MISC) will participate in the Australian trade soon, with the commissioning of the vessels m.v. Bunga Teratai and m.v. Bunga Angsana. The shipping line will contribute its two fully containerised vessels to Jumbo Line, the newly formed con-
      89 words
    • Article
      S-E Asia's biggest electronics fair
      115 9 ONE of the biggest electronics exhibitions in South-east Asia, highlighting production and test equipment, will be held in Singapore from June 14. The four-day Electronics Industry Production and Test Equipment Exhibition will feature test equipment which meet the requirements of manufacturers who have shifted their
      115 words
    • Article
      Lock icon Viking hunt for life on Mars over
      67 9 AP PASADENA, (California), Mon. The US$5O million (SSI2O million) Viking search for life on Mars is over, and American scientists, while still puzzled, are generally pessimistic about the results from the two robot spacecraft. "The majority opinion is that they have not detected
      AP  -  67 words
    • Article
      Lock icon Why Peugeot had to take over Citroen
      1109 9  -  By PAUL LEWIS NYT •'OH SURE, we looked at Citroen all right. But it didn't fit into our European operations. I was really surprised when Peugeot agreed to take it over." remarked a senior executive of Ford Motors a few weeks ago during
      NYT  -  1,109 words
    • Article, Illustration
      IN PORT
      302 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aegis Wisdom (SXRL) (2300 after Hoegh Orris) 33/34 Barge Hup Huat No. 9 U2OO alongside Dong Bee) Bunga Gelang (2300 after Bunga Seta war) 18 Don Ambroslo (DVHS) (0600) (subject free board) 29/30 Ende (0700 25 Glenfalloch (after Kwong Ta) 1/2 Kapitan Kamlnskly
      302 words
    • Article
      Lock icon Technique frees radar screen of any clutter
      322 9 Reuter LONDON, Mon. A British firm claims to have achieved a "basic advance In raw radar technique," eliminating two types of interference which have bedeviled ship radar since Its Inception almost 40 years ago The Decca Corporation's new "Clearscan" will not l only
      Reuter  -  322 words
    • Article
      Lock icon Suez handles 15pc of world trade
      121 9 UPI CAIRO, Mon. Fifteen per cent of the volume of world trade now goes through the Suez Canal, according to Mashhour Ahmed Mashhour, chairman of the Canal Authority, in an Interview. By 1980, when the first stage of a project for widening and deepening
      UPI  -  121 words
    • Article
      Tide tables on sale
      49 9 THE 1978 Malaysia and Singapore Tide Tables, published by the Port of Singapore Authority's (PSA) hydrographic department. is now available Those interested can buy it from the chief cashier's office at PSA, or from Motion Smith and Son at Marina House, at $7 a copy.
      49 words
    • Article
      Lock icon Dearer TV tubes
      57 9 Reuter NEW YORK, Mon. RCA Corp said its picture tube division will Increase prices four per cent to US$Bl (Ssl94) on its 63.5 cm colour television picture tubes effective Aug. 1. RCA also said it plans to spend $50 million over the next few years to expand
      Reuter  -  57 words
    • Article
      Lock icon Ship order
      32 9 Reuter TOKYO, Mon. Sumitomo Heavy Industries Ltd said It won a 25,000 deadweight tonne bulk carrier order from the Norwegian shipowner Aabys E.B. Rederi a/s for delivery next year. Reuter.
      Reuter  -  32 words
    • Article
      Lock icon CBS invents Strap for colour TV transmission
      278 9 NYT WASHINGTON, Mon. CBS engineers have found a way to transmit two television colour pictures simultaneously over the same channel and to reconstruct them at the receiver end. The quality of both reconstructed pictures is described as acceptable for broadcast and general viewln£
      NYT  -  278 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      518 9 ARRIVALS L Service Local Operator Number Time From CAL CI331 0040 TPE/HKG/KUL TMA TL303E 0215 BEY/DXB/ MAS BOM/KUL MH682 0810 KCH PAA PA847 0840 SFO/HNL/GUM CAL CI 806 1000 HLP SIA SQ211 1015 HLP OIA GA980 1030 HLP QIA GA908 1100 MES SIA SQ240 1140 MES RBA
      518 words
    • Article
      Lock icon Lufthansa increases dividends
      116 9 Reuter COLOGNE. Mon. Deutsche Lufthansa has proposed a 1976 ordinary share dividend of 3.50 marks against two marks previous- t ly and a 3.50 mark preference share dividend (2.50) on balance sheet profits of 112.3 million marks (33.1 million marks). j A company spokesman said the sum
      Reuter  -  116 words
    • Article
      DSR Lines
      237 9 VLB Deutfracht/Seereedej rei Lines (DSR). incorporated in West Germany, has been offering a substantial and effective service both in scheduled liner traffic and in tramp, spe- cialised cargo and tank shipping for more than 20 years. Currently, it maintains 22 regular liner services to four continents. Last July.
      237 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      86 9 NOW ON SALE at your regular bookshop. fh h P^ enO T ena J l be L S e,,or which h ,aken America by storm a .«M aC ?r ,can tor his roots in Africa. ®TS has sold over 1 1 < million hardback copies since its publication and it
      86 words
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  • Article, Illustration
    Lock icon Japan goes wooing in Asia
    1086 10  -  WITH the United States forces moving out of Asia, the obvious country to fill the power vacuum is Japan. The Japanese have a backlog of resentment, both political and economic, to overcome in the area first but they are working on it. -By DAVID CONRAD
    FT  -  1,086 words
  • Article
    Lock icon US-Japan trade ties may get worse
    505 10  -  By JOHN HOLUSHA NYT DESPITE toothing statements by government officials on both sides and a number of patchwork agreements, trade relations between the United States and Japan appear likely to get worse before they get better. Even as US trade negotiator Robert Strauss was
    NYT  -  505 words
  • Article
    Lock icon Soul-searching after Indonesian elections
    1460 10  -  By INGO HERTEL Reuter INDONESIA'S major political groupings have started a thorough soul-searchina after the country's general election results which proved disappointing to them all. Results of the May 2 voting are still coming In from some remote areas of the vast archipelago but It Is
    Reuter  -  1,460 words
  • Article
    Lock icon Banking gets top priority in Bahrain
    1062 10  -  By STEVEN RATTER NYT THIS island-state almost bereft of petroleum has been forced to profit by its neighbour's good fortune and so far the strategy seems to be working well. Service Industry is the buzzword here and no service industry seems to be as
    NYT  -  1,062 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      202 10 Give us a man fbra monthwell give him a language for life inftngua 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 in
      202 words
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  • Article
    COPPER FIRM'S MACHINERY UP FOR AUCTION
    660 11 THE largest auction of industrial plant and machinery ever held in Singapore or Malaysia will take place later this month. It is expected to gross t)etween $3 million and $4 million. Coming under the hammer will be all the plant and machinery of Copper
    660 words
  • Article
    Lock icon Two wells to be drilled off Palawan
    160 11 Reuter MANILA. Mon. The drillship Tainaron will drill initially two wells off the central Philippine island of Palawan to prove whether or not the area contains a commercial accumulation of hydrocarbon, oil industry sources said. It has been commissioned by a consortium of
    Reuter  -  160 words
  • Article
    Lock icon Talks on tanker crew pay row
    122 11 UPI MANILA, Mon. Negotiations started between a Philippine shipping company and representatives of the owner of a Japanese tanker which was diverted to Manila last month by Its Filipino crewmen in a dispute over back wages, according to an announcement. The National Seamen Board
    UPI  -  122 words
  • Article
    Lock icon ADB visit
    36 11 Reuter MANILA. Mon. Asian Development Bank president Taorichi Yoshida leaves here tomorrow to pay his first official visit to India. the bank's largest single contributing member among the developing nations, official sources said. Reuter.
    Reuter  -  36 words
  • Article
    First day of Inchcape seminar
    245 11 TWELVE directors of the Inchcape group of companies met yesterday for the first-of-its-kind seminar for directors in Singapore. The five-day seminar Is being organised by the National Productivity Board on behalf of Inchcape. To date, the NPB has only conducted seminars at middle management level.
    245 words
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    Lock icon Devaluation still hitting prices
    223 11 Reuter CANBERRA, Mon. Australian federal Treasurer Phillip Lynch said last November's devaluation of the Australian dollar will continue to have an Impact on consumer prices In the next few quarters but this would not halt the underlying downward trend infhe country's inflation rate. He told businessmen
    Reuter  -  223 words
  • Article
    HSBC SUES
    233 11 HONGKONG and Shanghai Banking Corporation has sued Prime Export Meat (S) Pte. Ltd. for $246,538.11. The money was alleged to be due and owing to the bank. American Express International Inc. has also filed two suits at the High Court. They were against Low Shak Mow for $32,679.90
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  • Article
    Team is off to tour metal industries
    201 11 THE 10-member team comprising local managers in the metal fabrication industry left Singapore yesterday morning for Tokyo to start a 20-day tour of similar industries In Japan, South Korea and Taiwan. In Tokyo, the team will visit the factories of Utsumomiya, Hamada Kako
    201 words
  • Article
    Latest FT business yearbook is out
    146 11 THE FINANCIAL Times International Business Year Book 1977/78 edition is now available. The publication contains the latest information on some 800 top international companies classified under the following categories oil and mining, transport, utilities, retailing, finance and industrial. It also provides details on 60
    146 words
  • Article
    Find ways to cut costs of houses, architects told
    439 11 KUALA LUMPUR. Mon. International architects' organisations were urged today to come up with neW* methods of construction and help bring down the cost of housing. Finance Minister Tengku Razalelgh Hamzah made this call when he noted that experiments to reduce the
    439 words
  • Article
    Rules of Credit Club eased to admit outsiders
    245 11 CREDIT CLUB, little known organisation founded in 1973 for the more sedate class of bank officer* and executives credit analysts will be throwing its doors open to non-bank sponsored officers in a bid to boost club membership. Current membership strength stands at
    245 words
  • Article
    Lock icon Brez blames China for strained ties
    276 11 Reuter TOKYO, Mon. Soviet Communist Party leader Leonid Brezhnev in reply to a questionnaire published here today blamed China for falling to Improve relations with Moscow. In answer to the questionnaire presented by the Japanese national dally Asahl Shimbun's managing director Selryu Hata, Mr.
    Reuter  -  276 words
  • Article
    Public can now buy JTC flats
    205 11 JTC flats previously reserved for Industrial personnel working In Jurong are now available to Singapore citizens who qualify under the present conditions governing the rental/ sale of public housing in Singapore. Releasing the flats for allocation to the public, JTC said the development of
    205 words
  • Article
    Moves to check illegal petrol sales
    203 11 KUALA LUMPUR. Mon. The Malaysian Petrol Dealers' Association plans to meet Trade and Industry Ministry officials soon to discuss ways of checking illegal sale of Thai petrol In the country. "Although at^ present such malpractices appear to be confined only to the Thai-Malaysia* border
    203 words
  • Article
    Lock icon Thai loan
    46 11 Reuter BANGKOK, Mon. The World Bank Is prepared to grant a loan to Thailand to finance the replanting of 400,000 hectares of coconut, mostly in southern Thailand, to double the country's coconut yield, Mr. Thalering Thamrong Nav#sawas, Deputy UnderSecretary for Agriculture, told reporters. Reuter.
    Reuter  -  46 words
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    Lock icon Tokyo cuts forecast of steel production
    330 11 Reuter UPI TOKYO. Mon. The Ministry of International Trade and Industry said it revised downwards Japan's crude steel production forecast to between 127 million and 130 million tonnes in fiscal 1980 from the previous goal of 151 million set early last year. The revision
    Reuter; UPI  -  330 words
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    Lock icon Likely delay in N-pact signing
    152 11 Reuter TOKYO, Mon. Differences between Japan and Canada over the reprocessing of spent nuclear fuel are expected to delay the signing of a revised atomic energy pact between the two countries, Foreign Ministry officials said here today. Disagreement involves Canada's requirement for permission before Japan
    Reuter  -  152 words
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      546 11 a KX Senior Consultant required for Singapore branch off the world's largest public relations/ public affairs consultancy Work involves service of major contract clients regular contact with clients at senior management level, publicity and promotions, attitude studies, magazine production, report writing, planning and supervision of events such as seminars and
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    Lock icon Union decision seals the fate of Phase Three
    593 12 Reuter LONDON, Mon. The decision of the executive of Britain's largest trade union, The Transport and General Workers, to support "an orderly return to free collective bargaining" probably rules out an agreed pay norm for the year from August 1, trade union
    Reuter  -  593 words
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    F and N in West Asian export drive
    168 12 A THREE-MAN sales team from the beverage company, Fraser and Neave, is now in West Asia to drum up export business for the firm's soft drinks. Since last year, the firm has made regular shipments on a monthly basis of all types
    168 words
  • Article
    Lock icon Two buy Jordan oil hunt rights
    136 12 AP NICOSIA Mon. A French and a Japanese firm have bought 75 per cent of an oil prospecting concession held by the US Filon Exploration Corporation in Jordan, the Middle East Economic Survey (Mees) reported today. It said France's Compagnie Francaise des Petroles (CFP)
    AP  -  136 words
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    Lock icon Macao has many plans but few get off the ground
    704 12 Reuter MACAO, Mon. The Portuguese enclave of Macao Is full of plans. Plans for development projects, tourist hotels, a container wharf, a new ferry pier and lots more, but few seem to be becoming reality. The 400-year-old colony on the
    Reuter  -  704 words
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    Lock icon Europe sees little change after Helsinki
    394 12 UPI GENEVA, Mon. Little progress has been made in European security and cooperation since the signing of the 1975 Helsinki Final Act by the 35 Western and communist nations. There have been minor improvements in some areas, including economic cooperation, but they are not
    UPI  -  394 words
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    Lock icon Still no trading on Milan exchange
    113 12 AP MILAN. Mon. Activities were halted for the second consecutive session of the Milan stock market today as employees and agents continued their occupation of the exchange to protest dismissal following poor market conditions. About 40 workers have been laid off. The strikers; who
    AP  -  113 words
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    Lock icon New Swiss banking code outlines 'improper' practices
    1194 12 FT ZURICH: A code of conduct on the identification of foreign funds flowing into Switzerland and the application of the banking secrecy laws was concluded last week by the Swiss National Bank and the Swiss Bankers' Association. It set down detailed regulations for
    FT  -  1,194 words
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    Lock icon $128 m loans for NEB project
    153 12 Reuter TOKYO, Mon. The World Bank and a syndicate of Japanese and British banks are making loans totalling US$52 million (SSI2B million) to Malaysia's National Electricity Board for a $164 million development project, Tokal Bank said as loan syndicated comanager. The loan will comprise
    Reuter  -  153 words
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    Lock icon More missions to evaluate Vietnam projects
    357 12 Reuter MANILA, Mon. The Asian Development Bank (ADB) is discussing with Vietnam the possibility of sending another mission there to evaluate the bankfunded projects on which loans were suspended after the collapse of the former South Vietnam regime two years ago. Informed sources said.
    Reuter  -  357 words
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    Lock icon Insurance in Third World promising
    170 12 UPI TEHRAN, Mon. Sixtythree Insurance companies from Asia and African began a four-day General Assembly here today with the delegates agreeing that the Third World insurance industry has a bright future. Iranian Prime Minister Amir Abbas Hoveyda in a message to the meeting said: "Adequate
    UPI  -  170 words
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    Should Malaysia scrap trials by jury?
    198 12 KUALA LUMPUR, Mon. Should trials by Jury be abolished in Malaysia will be one of the subjects which will be discussed at the fourth Malaysian law conference to be held here from Oct 19 to 21. The secretary of the organising committee of the
    198 words
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    Lock icon Chinese frank and open
    148 12 AP SEATTLE, Mon. The leader of a Washington state trade mission to China says the officials and business leaders were Impressed mostly by the openness and candour of their hosts. C.M. Berry, president of Seattle-First National Bank and the Seattle Chamber of Commerce, said the Chinese
    AP  -  148 words
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    Lock icon Dutch expect 14 pc investment rise
    117 12 Reuter THE HAGUE, Mon. Dutch Industry expects to Increase investment by 14 per cent this year to 7.1 billion guilders (Ss7.l billion) but there will be a 1.5 per cent decline to seven billion guilders in 1978, the Central Statistics Office said. Investment rose
    Reuter  -  117 words
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    Lock icon Krugerrand sales up
    50 12 Reuter JOHANNESBURG, Mon. Overseas krugerrand sales rose to 150,000 coins in May, from 110,000 in April and compared with 128,000 coins In May last year, an Inter- natlonal Gold Corp spokesman said. In May, 8,030 were sold locally against 8,020 in both April and May last year.
    Reuter  -  50 words
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    Lock icon Stepping up 2-way trade
    94 12 UPI MANILA, Mon. The Department of Trade announced today the Philippines and South Korea will hold a ministerial meeting In Seoul from June 8-11 In an effort to accelerate trade and improve economic and technical cooperation between the two nations. The announcement said the Philippines will
    UPI  -  94 words
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    Lock icon Saudi team in Taipeh
    55 12 UPI TAIPEH, Mon. An Industrial delegation from Saudi Arabia led by Ahmed Saleh Al Twaijri, Deputy Minister of the Ministry of Industry and Electricity, arrived in Taipeh today for a five-day visit. While here, the fivemember delegation will call on Nationalist Chinese government officials and tour
    UPI  -  55 words
  • Article, Illustration
    Tax package way to lure top executives
    468 12 KUALA LUMPUR, Mon. An actuary, Mr. David Richardson, has suggested that it would be better for Malaysian companies to offer top executives tax effective compensation packages rather than Just giving them more money. He points out that although the economy of Malaysia has
    468 words
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    HELLO THERE!
    61 12 SUBSCRIBERS in Singapore can now call person to person and number to number to the Soviet Union, Finland, Luxembourg, Yugoslavia and Czechoslovakia on the Telecommunications Authority of Singapore's (TAS) international telephone service. The TAS also announced yesterday that telex services are now available to Western Samoa, increasing the
    61 words
  • Article
    KL govt asked to hike bus fares
    153 12 KUALA LUMPUR, Mon. Members of the Pan Malayan Road Transport Operators' Association have made representations to the government asking for an increase in bus fares to M2O cents for the first 1.6 km and six cents for each subsequent 1.6 km. The Works
    153 words
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    Selco breaks its own record
    105 12 SELCO SALVAGE set a new record in its salvage activity when it carried out eight operations on distressed vessels on Thursday. Accoraing to tne firm s spokesman yesterday. Its Thursday operations broke the firm's own previous record of salvaging four vessels within a single day.
    105 words
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      209 words