The Business Times, 8 June 1977

Microfilm: NL9307
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    9 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, JUNE 8, 1977 50CENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon Satellite offer
      90 1 AFP JAKARTA, Tues. Indonesia has offered to lease Its Palapa Telecommunication Satellite to its Asean partners at rates 10 per cent lower than those of Intelsat. The proposal was made to Asean telecommunications experts who ended a meeting In Bandung yesterday. Rates could be further lowered for long-term
      AFP  -  90 words
    • Article
      Lock icon Pretoria problems
      94 1 AFP JOHANNESBURG, Tues. Unemployment and spare capacity In South African industry are both increasing with the current lack of demand, according to figures released this week by the Department of Statistics. According to the survey, underused capacity rose from 11.4 per cent at the end of November 1975,
      AFP  -  94 words
    • Article
      Lock icon $66m Thai projects
      76 1 AFP BANGKOK, Tues. Thailand's Cabinet has given the go-ahead to a US$26.B million (Ss66 million) five-year programme for the establishment of an industrial export and processing zone and five Industrial estates. Construction of the six projects begin this year. They include 680 factories covering a total 1,350
      AFP  -  76 words
    • Article
      Lock icon Doubling up
      53 1 AFP TOKYO, Tues. World petroleum prices will be doubled in seven years to exceed US$24 (Sss9) a barrel in 1985, former Iranian Minister of Planning, Dr. Khodadad Farman Farmaian, predicted said the Organisation of Petroleum Exporting Countries (Opec) will further boost oil prices to keep their petroleum Income
      AFP  -  53 words
    • Article
      Lock icon Bhutto lifts martial law
      32 1 AFP ISLAMABAD, Tues. Martial law was lifted In Pakistan today as a result of "satisfactory progress" in negotiations between government and opposition parties, a Joint communique announced. AFP
      AFP  -  32 words
    • Article
      Lock icon Dow Jones
      102 1 UPI NEW YORK, Tues. Glamours and blue chips; were under attack early today as prices headed lower in moderate trading of New York Stock Exchange issues. The Dow Jones industrial average, which plunged 9.16 points yesterday, was off 3.14 points to 899.93 shortly before the first hour of
      UPI  -  102 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      197 1 STRONG speculative buying pushed share prices htgW in active trading on the Stock Exchange of Singapore yesterday with gains in selected stocks ranging up to 40 per cent. At the close, the Business Times index moved up by 9.90 point to 316.54. Reflecting renewed speculative interest in
      197 words
    • Article
      In Kuala Lumpur
      120 1 Rise* Most active D. Keramat C. Storage M Rice C. Sugars Mega Chem. O.C.B.C. F Cables P. Textile S. Trading K L. Ind. N.B.T. U.O.B. E.N.E. PMC. Tong Meng Oentlngs Dutch Baby DBS. 6.95 3 18 1.35 3.52 0.80 7.15 1.17 0.71 5.50 0.78 3.00 3.30 3.56
      120 words
  • Article
    Haw Par bounces back with $38m
    1054 1  -  SHARE PREMIUM PLAN PROPOSED By QUEK PECK LIM HAW PAR Brothers International which at one point was so strapped for cash that it nearly went under has, with some quick smart sales, reversed the situation. It now has cash plenty of it. In a
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  • Article
    April saw more of POSB funds in mart
    505 1 THE Post Office Savings Bank placed more of Its surplus funds In the money market In April, the Monetary Authority of Singapore confirmed last night In Its monthly report. Lender banks have been complaining since April that the POSB has gone directly
    505 words
  • Article
    Lock icon Only Japan is doing better than we are!
    338 1 Reuter SINGAPORE'S per capita Gross National Product of 6,300 francs (558.200) ranks second only to Japan, a leading Swiss bank said In Zurich. The Union Bank of Switzerland said this could be attributed to our welldeveloped educational system, hardworking and disciplined people
    Reuter  -  338 words
  • Article
    Lock icon TOUGH U.S. STAND IN HK TEXTILE TALKS
    470 1 AFP Reuter HONGKONG, Tues. The United States Is taking a tough line In current negotiations for renewal of a textiles agreement with Hongkong, usually reliable sources said today. The present three-year accord governing Hongkong's export of textile Broducts and clothing to the nited
    AFP; Reuter  -  470 words
  • Article
    Lock icon Trade under scrutiny
    144 1 AFP KUALA LUMPUR, Tues. The Government has placed trade with Australia "under scrutiny" In view of the huge deficit Malaysia suffered. Stating this today, the director of domestic trade In the Ministry of Trade and Industry, Enclk Asmat Kamaluddln, said that there was however, no banning of
    AFP  -  144 words
  • Article
    Investor buying noted on the SES
    210 1 THOUGH the general scenario remained highly speculative, yesterday saw some clear signs of investor buying at the Singapore Stock Exchange which hoisted the Straits Times industrial index the blue chip indicator by five points to 251.76, the highest rise in a single day since
    210 words
  • Article
    Lock icon JAKARTA BANS FUTURES TRADING
    87 1 AFP JAKARTA, Tues. Trading in commodity futures is banned in Indonesia as of today. Cabinet spokesman announced. Spokesman Mashuri said President Suharto decided that public money should be channelled to productive sectors rather than wasted on speculation in futures trading. He said merchant's letters of credit
    AFP  -  87 words
  • Article
    Planners are confident of petro-project
    451 1 LOCAL planners of the joint Singapore-Japanese petrochemical complex to be built in Singapore are confident that it will be a success although some observers have suggested otherwise. Less than two weeks after the Japanese government officially announced its support for the project, during Prime Minister
    451 words
  • Article
    Lock icon Investment plans of US industry
    177 1 AP WASHINGTON. Tues. Businesses in America have increased their 1977 spending predictions on plant and equipment only slightly in the last three months, the US Commerce Department reported today. The quarterly report said businesses expect to spend U*****.3 billion (SS33B billion) on capital spending for
    AP  -  177 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      68 1 With a Reputation for Unrivalled Security and Fair Dealing over 131 years, Our Clients can be Assured.. Raya prance looks after you. Fast 18th Fir., Ocean Building, Collyer Quay. Singapore 1. Tel: ***** *****1. SEE BACK PAGE Overseas Newi/Tv ft Radio Oversea* News/Feature Local Co Newi Overseas Stocks P2 Commodities
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    • Advertisement
      Page 1 Advertisements Column 2
      85 1 X'.v Free. Rent a luxurious Hong Leong apartment and skip traveing time to the city Skip jams. And enjoy within a 10-minute walk restaurants, nightclubs, lounges, shopping and other amenities. Save an hour a day. By not wasting it on traveing Use it for enjoying that book, new Beethoven record
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      3 1 SEE PAGE S
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    • Advertisement
      Page 1 Advertisements Column 4
      154 1 4 GaS has got a flame TAIDTA Olivetti The desk that keeps your accounts up to date and you out there earning If you're in business, imagine: Your'accounts always up to date. Your invoices calculated and completed. Statements prepared. The payrolls done. Ledgers controlled. Stock records kept. All on one
      154 words
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      3 1 SEE PAGE 3
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  • OVERSEAS
    • Article
      Lock icon Helsinki pact has made people better off — Vance
      361 2 Helsinki pact has made people better off Vance Reuter WASHINGTON, Tues. US Secretary of State, Mr. Cyrus Vance, said yesterday the Helsinki agreement on East-West detente and human rights had brought general improvement for individuals in eastern and Western countries. But at the same time an Administration report on the
      Reuter  -  361 words
    • Article, Illustration
      Lock icon Six big companies hog America's grain export trade
      511 2 TOKYO, Tuesday UPI UNITED STATES Agriculture Secretary Mr. Bob Bergland said today that about 90 per cent of America's grain exports are channelled through six big companies, and that the Carter Administration is concerned about it. Mr. Bergland said he is taking
      UPI  -  511 words
    • Article
      Lock icon New charter is Brezhnev legacy to Russians
      415 2 UPI NEW YORK, Tues. Soviet leader Leonid Brezhnev has chosen the same vehicle as dictator Josef Stalin to put his stamp on the state he has ruled since 1964 a constitution. The document, which will certainly be referred to as the Brezhnev Constitution,
      UPI  -  415 words
    • Article
      Lock icon House nod for $8.6b military bill
      253 2 AP WASHINGTON, Tues. The US House of Representative* yesterday approved a US$3.5 billion <SsB.6 billion) military construction bill that would authorise increased US war readiness in Europe. The bill, approved 351 to 24 and sent to the Senate, also authorises for the first time
      AP  -  253 words
    • Article
      Lock icon World surplus kills joy of American farmers
      332 2 AP WICHITA (Kansas), Tues. Harvest time Is usually an optimistic time for American wheat growers, but this spring a world surplus has hurt prices and put a blight on the usual good mood. "I think harvest Is always a real busy time for
      AP  -  332 words
    • Article, Illustration
      Lock icon Carter-Congress honeymoon is showing strains
      1045 2 WASHINGTON. TUBS. Reuter THE four-month-old marriage between President Carter and the Democratcontrolled Congress shows signs of serious strain. It Is still a long way from a break-up, but the signs point to continued bickering and feuding for some time between Congress and Mr. Carter, the
      Reuter  -  1,045 words
    • Article
      Lock icon Power plea
      31 2 Reuter WASHINGTON. Tues. The Federal Communications Commission urged Congress to give It the power to fine or forfeit certificates of small cable television systems that violate FCC rules. Reuter.
      Reuter  -  31 words
    • Article
      Lock icon Accord on joint study of Japan's N-plant
      431 2 Reuter UPI WASHINGTON, Tues. The United State* and Japan agreed yesterday to undertake a joint study of the now Japanese TokaiMura nuclear reprocessing plant in an effort to find alternative uses acceptable to both sides, officials said. In a communique following throe days
      Reuter; UPI  -  431 words
    • Article
      Lock icon Upper Volta stadium
      82 2 AFP PEKING, Tues. China will build a 35,000-seat stadium in Ouagadougou, capital of the Upper Volta, the official Chinese News Agency reported today. The agency said the stadium construction will be a Joint effort by China and the Upper Volta In accordance with the minutes of a
      AFP  -  82 words
    • Article
      Lock icon Seven fall in line with US nuclear programme
      545 2 AP WASHINGTON, Tues. Seven nations were reported nearing agreement on the scope and rules of President Carter's programme for an International reappraisal of nuclear energy development, It was learned yesterday. A ranking US State Department official flew to Paris yesterday for an
      AP  -  545 words
    • Article
      Lock icon Mansfield to foster closer cooperation
      252 2 AFP TOKYO, Tues. Former US Senate Democratic Leader Mr. Mike Mansfield flew into Tokyo today to assume his new post as the 22nd US Ambassador to Japan with hopes to deepen "the spirit of cooperation" between Japan and the United States. Mr. Mansfield said In
      AFP  -  252 words
    • Article
      Lock icon Main snag in working out Law of Sea treaty
      412 3 AP UNITED NATIONS, Tues. US Senator Jacob Javlts said here yesterday that "I'm very hopeful that this year we may see a treaty'* spelling out the law of the sea. The Republican Senator from New York spoke to reporters Just before
      AP  -  412 words
    • Article
      Lock icon Italy index down
      39 3 Reuter ROME, Tues. Italy's industrial production index fell 11 per cent in April from March to 124 but was 0.2 per cent higher than in April 1976, according to provisional figures from the Statistics Institute .-Reuter.
      Reuter  -  39 words
    • Article
      Lock icon HOW QUEBEC WILL STAND TO LOSE
      104 3 Reuter MONTREAL. Tues. Finance Minister Donald Mac Donald said Quebec will lose key federal export financing if it separates from Canada, a move that will result in massive unemployment in its manufacturing Industries. Mr. Mac Donald told the annual meeting of the Canadian Manufacturers'
      Reuter  -  104 words
    • Article
      Lock icon Increase in rates on short-term bills
      193 3 Reuter WASHINGTON. Tues. Rata* on short-term United States bills rose to 5.048 per cent for three-month bills and 5.234 per cent for sixmonth bills at the latest auction, the Treasury said. The three-month bill rate was up from 4.993 per cent at the previous
      Reuter  -  193 words
    • Article
      Lock icon World Bank loans for four
      103 3 Reuter WASHINGTON, Tues. The World Bank said it lent US) 117 million (Ss2BB million) for development projects in Afghanistan, India, Malaysia and Tunisia. The Afghanistan loan consists of an International Development Association Credit of $12 million to increase agricultural production with the help of an
      Reuter  -  103 words
    • Article
      Lock icon World Bank body mooted to serve Third World
      808 3  -  By MARY CAMPBELL FT THE ESTABLISHMENT of a fourth institution within the World Bank group to channel Eurocurrency funds to less developed countries (LDCs) Is suggested In a 450-page study of their Eurocurrency borrowing, published recently under the aegis of the OECD.
      FT  -  808 words
    • Article
      Lock icon THE TASK OF BRIDGING U.S.-BRAZIL CHASM
      762 3  -  By DAVID WHITE FT BRAZIL'S long-standing good relations with the United States have plummeted to their lowest postwar levels In the four months of the Carter Administration, and business is uneasy about the consequences. The US is Brazil 's biggest creditor, and both government
      FT  -  762 words
    • Article
      Lock icon High consumer spending in US augurs well
      936 3 NEW YORK, Tuesday NYT OF THE score of major economic Indicators that pour out of Washington periodically, the ones that are bound to attract the greatest scrutiny for the rest of the year are those that most closely affect the consumer and register
      NYT  -  936 words
    • Article
      Lock icon Tax cut proposals in the pipeline
      171 3 Reuter CHICAGO, Tues. Economist Walter Heller said he expects the Carter administration to propose a US$lO billion to *20 billion (Ss2s to $50 billion) tax reduction for individuals within the next few years. Addressing the Illinois Bankers Association, Mr. Heller said the reduction would
      Reuter  -  171 words
    • Article
      Lock icon Bill likely to allow interest on current accounts
      174 3 Reuter CHICAGO. Tues. The vicc chairman of the Federal Reserve Board, which act* banking policy for many United States banks, said today he expects a bill to be introduced in Congress soon that eventually will permit payment of interest on current account*.
      Reuter  -  174 words
    • Article
      Lock icon US copper firms checked
      98 3 Reuter NEW YORK, Tues. Stricter pollution control requirements have Impaired the competitiveness of the US copper Industry and placed Individual producers under severe financial pressure, Increasing their vulnerability to takeovers, Copper Studies says In its latest Issue. Copper Studies, affiliated with Commodities Research Unit Ltd, said
      Reuter  -  98 words
    • Article
      Lock icon NYSE files call options trading plan with SEC
      241 3 Reuter NEW YORK. Tues. The New York Stock Exchange has filed a plan for call options trading, scheduled to start later this year initially in 25 underlying stocks, with the Securities and Exchange Commission. The plan did not Identify the stocks on
      Reuter  -  241 words
    • Article
      Lock icon Attempt to help China get wheat credit fails
      305 3 UPI WASHINGTON, Tues. Kansas Republican Sen. Robert Dole lost In his first attempt last month to push a legislative rider authorising government credit to help China buy American wheat and other farm products. But he Is going to try again soon, an
      UPI  -  305 words
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      Page 2 Advertisements Column 1
      144 2 "More executives and businessmen read the Readers Digest than any other businessmans magazine in Singapore and Malaysia. Survey Research group data indicates that the Reader's Digest reaches nearly a quarter of all adult men in Singapore and West Malaysia who classify themselves as Professionals, Executives, Senior Government Officers, Businessmen, Merchants
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      0 2 '!@|),@}^$!_<&=*<]+[_%|;.=/`'(*
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      53 2 THE WEATHER H WEATHER report for 24 hour* prior to 7.30 p.m. on June 7 at Singapore airport. Maximum Temperature 30.9° C Associated Humidity 75 Minimum Temperature 23.5° C Associated Humidity 98 Hours of Sunshine 6.40 Rainfall in Millimetres 31.8 Total Rainfall for the Month 101.7 Total Rainy Days for
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      284 2 RADTO XVxxJ-/XV/ %JU SINGAPORE 5 3.00 PM Opening Announcements followed by Classic Keystone Comedy Capers 3.20 Diary of Events (Malay) 3.25 General Hospital 4.05 From a Strange Sleep (Repeat 4.35 Intermission 6.00 Opening Announcements followed by Electric Company 6.30 News in Brief 6.35 One Northern Summer Gold Town Revisited 7.00
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      157 3 "JWC- Don't Decide Until You See Nnssim Mansion Top Locality. Top Quality and Most Artistic Design. Country Apartments in the Heart of the City. Linked with Botanic Gardens. nv Immediate Occupation. i Serene Atmosphere. 24 Hours Security Service. Only 72 units in 5 1 /2 Acres of Land (22,257m 2
      157 words
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  • COMPANY NEWS
    • Article
      Sungei Besi Mines reduces loss
      598 4 SUNGEI Besi Mines Malaysia incurred another loss of M 51.95 million at the pretax level In the year to March 31, 1977. However, thanks to lower than expected costs, the higher tin price as well as the surplus on the liquidation of the fourth buffer
      598 words
    • Article
      DIVIDENDS ANNOUNCED
      769 4 1 Current Ex Date Total far Total far 1 rvmmt Date payaUa the year previous year C.K. Tu( 8% May 13 June 10 8% 3% ii—gL—J Land 4.4% May 4 June 10 6.0% 5.0% 8EA Corja. 25% May 13 June 10 35% 30% Apollo Ent. 5% May 10
      769 words
    • Article
      April oil palm output
      79 4 FFB Oil Kernel Tons Tons Tons Austral Enterprise 1,028.00 244.00 Ayer Molek Rubber 126.00 Benta Plantations 6,363.00 1,273.00 255.00 Bukit 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
      79 words
    • Article
      LATEST RESULTS
      44 4 EU YAN SANG HOLDINGS Audited group pre-tax profit $1.24 million (51.09 million) for the year ended Dec 31, 1976. Depreciation $28,044 ($27,569), taxation $596,028 ($464,200) leaving after-tax profit at $640,664 ($622,421). First and final dividend 6.5 per cent (7,5) payable July 15.
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    • Article
      Profit upturn at Chin Teck
      182 4 PRE-tax profit at Chin Teck Plantations advanced strongly in the first six months ended Feb. 28, 1977 and at M 52.50 million are' already close to the $2.85 million earned In the whole of the previous year. The profit upturn, therefore, indicates that this rubber
      182 words
    • COMPANY MEETINGS
    • Article
      Phenomenal rise at Malayan Flour Mills
      686 4 DESPITE the phenomenal growth of 538 per cent in group pre-tax profit to M 89.62 million achieved by Malayan Flour Mills last year, shareholders will not receive one cent more than the sum paid to them In the way of dividend in 1975. For
      686 words
    • Article, Illustration
      Lock icon Equity turnover at LSE jumps to record £2 b
      647 4  -  By GEOFFREY FOSTER FT THERE was a strong upsurge in the equity sector of the Stock Exchange in May, when institutional demand pushed turnover to a record L 2.13 billion. The previous peak of €2.08 billion was set in May, 1972.
      FT  -  647 words
    • Article
      CHICAGO BOARD OPTIONS
      1326 4 On June 6 TRADING In options on the Chicago Board Options Exchange came to 77,833 call contracts on Monday, compared with 68,174 last Friday and 7,748 puts contracts compared with 8,548 last Friday. OPTION JLY OCT JAN STOCK Alcoa SO 31/2 41/2 91/2 93 Alcoa 60 i/a
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    • Article
      Lock icon Need for external bonds issue
      201 4 Reuter TOKYO, Tues. The issue of external bonds and depositary receipts bv Japanese borrowers will continue as these enterprises need further funds for expanding overseas operations, a leading Japanese underwriter said. In an article in the financial weekly Kinyu Zalsel Jijo, Mr. Yuklo Aida, vicepresident
      Reuter  -  201 words
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      Page 4 Advertisements Column 1
      193 4 Introducing the new IBM low-cost computer for businesses off all sizes. THE IBM SYSTEM/34 The IBM System/34 is designed for all kinds of work: invoicing accounts receivable materials planning statistics production planning purchasing credit control sales analysis Up to eight display stations can be attached to System/34 and put into
      193 words
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  • Article
    Lock icon G. Occidentale borrowing
    330 5 EUROPEAN COMPANIES Reuter PARIS, Tues. Generale Occidentale will finance Its partial bid for Cavenham with borrowing totalling at least 375 million francs, a report to the extraordinary general meeting showed. It will make a 150 million franc convertible bond Issue, raise 200 million francs through a medium
    Reuter  -  330 words
  • Article
    Lock icon ROYAL DUTCH SHELL INVESTMENT PLANS
    216 5 Reuter PARIS, Tues. Investments of the Royal Dutch Shell Group, excluding Shell Oil and Shell Canada, will rise to 1*1.4 billion in 1977. up by over one third from last year, group managing director Mr. A.P.J. Benard said. He told a meeting of financial analysts
    Reuter  -  216 words
  • Article
    Lock icon Federal charges against Forest
    262 5 NORTH AMERICAN COMPANIES UPI FOREST LABORATORIES, a major manufacturer of heart medicine, has consented to federal charges of evading income taxes, overstating profit and diverting US$l.4 million to a Swiss bank acccunt. The Securities and Exchange Commission said Forest declined to contest the charges made in
    UPI  -  262 words
  • Article
    Goodrich confident
    81 5 B.F. GOODRICH believes only unforeseen external impacts could prevent its 1977 earnings from surpassing the record US$59 million earned in 1973, chairman Mr. O. Pendleton Thomas told security analysts. Goodrich earned $15.8 million or 95 cents per share in 1976, when the company had a long United Rubber
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  • Article
    Esmark
    45 5 ESMARK said it plans to tender for .any and all outstanding common stock of Inmont at US$25 net per share. The company, in a statement to the Securities and Exchange Commission said it presently owns 9.5 per cent of outstanding common stock of Inmont.
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  • Article
    Lock icon General Dynamics wins award
    109 5 Reuter GENERAL DYNAMICS said its electric boat division in Groton, Conn, was awarded a U*****.5 million contract by the US Navy for construction of a fifth trident ballistic missile submarine plus options for two more tridents. The award raises the value of its contracts for the
    Reuter  -  109 words
  • Article
    Sohio Pipeline
    33 5 SOHIO PIPELINE, a unit of the Standard Oil (Ohio), has filed with the Interstate Commerce Commission a tarriff rate of US$6.lB per barrel for transporting crude oil through the Trans-Alaska Pipeline.
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  • Article
    Alfa Romeo new capital scheme
    116 5 ROME, Tues. Alfa Romeo and Alfa Bud plan to seek approval from statecontroUed shareholders to write down and reconstitute capital to bring In 157 billion lire In new funds, industry sources said. A company spokesman declined to comment on the report. Industry sources said Alfa
    116 words
  • Article
    Lock icon Strike at Paris Bourse
    60 5 Reuter PARIS, Tues. Paris Bourse employees voted to strike today between 1100 and 1500 hours local time, union sources said. Bourse sources said no share quotations will be possible today because of the stoppage. Bourse unions called the strike to protest against falling employment in the
    Reuter  -  60 words
  • Article
    Lock icon Babcock awaits court's decision
    119 5 Reuter BABCOCK AND WILCOX said the trial of Its suit against United Technologies' proposed tender offer for its shares in US district court in Akron, Ohio has concluded and now awaits a decision. The company is appealing a decision by the Ohio Securities Division allowing the
    Reuter  -  119 words
  • Article
    Lock icon Dome, Hunt drilling
    53 5 Reuter DOME PETROLEUM and Hunt International of Canada will continue Joint oil and gas exploration in the Beaufort Sea this year. The companies said they will drill two wells on the Hunt-Dome acreage during 1977 and have settled an prior differences between them. Terms of the settlement
    Reuter  -  53 words
  • Article
    Lock icon Fluor
    28 5 Reuter FLUOR said it now has more than 96 per cent of Daniel International and Its tender offer, which expired last Friday, will not be extended. Reuter
    Reuter  -  28 words
  • Article
    Lock icon NEW COMPETITOR FOR MOTOROLA
    811 5 NYT MOTOROLA, the dominant worldwide producer of portable communications equipment, may soon face new competition in this, its most important, market, and its stock has been dropping sharply over the prospect. Motorola was trading at about 44 when a recently published report indicated that Texas Instruments,
    NYT  -  811 words
  • Article
    Beaverbrook seeks best suitor
    305 5 UK COMPANIES BEAVERBROOK NEWSPAPERS has taken the first definite step towards putting a "for-sale" notice on the company, but the board is still unsure who would be the best buyer. At Its meeting last Thursday the Beaverbrook board agreed to enfranchise the non-voting A shares subject
    305 words
  • Article
    Lock icon Commercial Union Assurance chief executive resigns
    476 5 FT MR. GORDON DUNLOP, the forceful 49-year-old accountant who has been chief executive of Commercial Union Assurance, one of Britain's two largest composite Insurance groups, since 1972, has resigned because of policy differences with the board. Commercial Union's policies have been the subject of
    FT  -  476 words
  • Article
    Lock icon Venezuela's US$4b steel mill
    898 5  -  By JUAN DE ONIS NYT ••I MEAN, nobody has ever put In four million tonnes of steel In one shot before," said Mr. Kenneth Miller, an American engineer. That is what the Venezuelan National Steel Company Is doing here building a US$4 billion protect that will
    NYT  -  898 words
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      Page 5 Advertisements Column 1
      267 5 L f T •u pa i «v S&? m ?■■< Be 7' I m The three bosk needs and the three parts of fritamicQ 3 understanding, insight, and wisdom in every field of learning. Written by experts, approved by experts, but not mitten for experts. It is aimed at the
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  • Article
    Share Information Service
    2191 6 Or'* Gr*a N« 1*77 Last DW yn P/l V*1 Day Hitfi Low Coaptay Sale C'tt C888) High I*w SECTION ONE INDUSTRIALS 148 136 Ac ma 144 12.ON 1.1 8.3 7.2 133 127 Acma A 129 12.ON 1.1 9.3 8.5 204 204 Alcorn 204 10.0 0.5 4.9 32.9
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  • Article
    Transactions in Singapore
    1918 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 unltt unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett.' Big Board
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  • Article
    In Kuala Lumpur
    1600 6 BID 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 1.000 units unless otherwise, specified. INDUSTRIALS Acmi (1.38B). Alaam |1 808) A. CltM (0.90B) <2> 0.90. A.M.D.
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  • Article
    Stock options
    79 6 STRIKING price* ot the stock options officially bated on the Stock Exchange of Singapore, the periods, bid and offer price* and buaineea dene yesterday, with the number of options traded shown in brackets. Inchcape (June $2.40) (0.11B0.14S) (8) 0.06, (30)0.07, (13 0.075. (6 0.08, (6 0.09, (11) 0.10,
    79 words
  • Article
    Unit trusts
    148 6 SINGAPORE UNIT TRUST (Manager*' prion for June 8) The Commerce 1.64 1,73xd INCOME BOND UNIT (Current prices) lumur RT>Nn 1 05 l.U The Saving Fund 0 90 0 95 S'pore Prog Fund 0 82 0.87 MARA BUMtPUTRA FUND S pore Security 1.46 1.54 (Manager*' price* for June 8)
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  • Article
    CORPORATE BONDS
    156 6 B O T 7 5/8% 1984 (100.000) (98'48 98%5) B O T 8 1/2% 1981 (100,000) (102HB 102*8) D B S 8 1/2% 1982 (100,000) (100HB 101*8) DBS Converta 6 1/2% 1991 (100.000) (988 98*>S) E I B 9% 1982 (100,000) (1038 103*S) E I B 8 1/4%
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  • Article
    GOVERNMENT BONDS
    104 6 5 1/2% 1/4/78 (250,000) (101.40B) 5 1/2% 15/4/78 (250.000) (101.508 101 655) i 5 1/4% 15/7/78 (250,000) (101.508 101.578) 4 3/4% 1/5/7$ (250,000) (100.758 100.858) 7% 1/7/7$ (250,000) (104.658) 5 1/4% 15/10/79 (250,000) (101.708 101.85S) C 3/4% 15/6/80 (250,000) (103.40B) 6 3/4% 1/12/80 (250,000) (103.40B) 5% T F
    104 words
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      190 6 3 IjijyPP in n■ v SJ&sa |g|Sßs!JPfg* §p5 JSSIP V* Wblsey Hall Inst, of Administrative Management SCRI NET I I AraHpmi Inst, of Bankers (Conversion Course is available) L=a f3a^ Tse! J Inst of Chartered Secretaries and Administrators VLL llf Inst, of Statisticians Degre Acndomic iirc/ucr DafIPIMMpIQfMI Mtc/noL SCGCE/GCE 'A'
      190 words
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  • Article, Illustration
    SES RULES FIRM
    407 7 STRONG speculative supK right from tha first poshed share prices higher on the Stock Exchange at Singapore yesterday with (tin in selected counters raagiag up to 40 per cent. Reflecting the sharp advance, the Business Times index, which monitors the movement of the day's 10 moet active
    407 words
  • Article
    BULLS REIGN ON KLSE
    476 7 SHARE prices advanced again In active trading on the Kuala Lumpur Stock Exchange yesterday as bulls dominated the trading floor. Buyers emerged in numbers and confidence and there were few signs of a let-up in the hectic demand. Total turnover rose to a record high of
    476 words
  • Article
    Lock icon Morrison Knudsen
    75 7 Reuter BOISE, Idaho, Tues. Morrison Knudsen said the two contracts won by it and the French consortium Cofraran covering materials for a planned motorway in Iran will be performed on a cost reimbursable basis. Morrison Knudsen said one contract is for US$l94 million covering procurement of construction equipment,
    Reuter  -  75 words
  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      356 7 HONOKONO: The market closed lower In fairly quiet trading on Tuesday, after opening easier In line with the decline on Wall Street, dealers said. The Hang Seng index was down 1.94 points to cloee at 446.10 points. Hoagkaag Laad and Jardlaes eased 10 cents each to $7.2S and $15.70
      356 words
    • Article
      Tokyo
      491 7 TOKYO: Share prices closed sharply lower across-the-board on Tuesday, on Wall Street's fall, dealers said. The Dow Jones average lost 46.63 to close at 4,965.42 with volume 130 million shares. The new index closed at 375.21, down 2.72. Export-oriented electrlcals, motors and precision Instruments led the fall on fears
      491 words
    • Article
      Sydney
      405 7 SYDNEY: The market closed lower on Tuesday, despite a small rally near the close, dealers said. The Sydney All-Ordinaries dropped 0.74 points to 460.92 points. Pancontinental fell 65 cents to $10.85 and Aodimco, CRA and Queensland Mine eased, while Peko Wallaend closed steady after being four cents lower for
      405 words
    • Article
      Manila
      183 7 MANILA: The market continued to rise on Increased turnover on Tuesday, dealers said. Mmriaduque and Lepanto led minings higher, gaining three points each, and other mining issues also rose, aided by higher overseas copped prices. Among oils, Oriental gained four points and Basic Petroleum two, with sentiment In oils
      183 words
    • Article
      Bangkok
      101 7 JUNK 87 Bahtt Axla Fibre 174 ♦5 Bangkok Bank 298 •S Bangkok Invest IT* Bangkok-Metro-politan Bank Bata 453 ♦2 Berll Jucker 284 ♦S Charoong Thai Wire 167 -H Dumex Duslt Thanl IMS 41 Faber Merlin First Trust Indo-Thal 1806 unch Industrial Finance Corp 1215 J And J Ho 190
      101 words
    • Article
      Amsterdam
      312 7 AMSTERDAM: The market firmed in moderate trading on Monday Royal Dutch led Dutch Internationals 1.50 guilders higher. Elsewhere KLM rose 4.30 guilders ahead of the release of Its 1976 figures on Thursday. There Is some speculation the company may return to a dividend. bourse sources said. Shippings were lower
      312 words
    • Article
      Brussels
      162 7 BRUSSELS: Most Belgian shares rose following the formation of a new Belgian Government and after Wall Street's strong gains, bourse sources said on Monday. Reserve, Sofia*, Intercom, Vieille Moatagae, Cockerill, Clabecq, GB and Traction were higher while FN and WagonoLiu fell. In foreign stocks. UK fell slightly, German, Dutch,
      162 words
    • Article
      Frankfurt
      329 7 FRANKFURT: Shares closed higher on Monday, with gains generally upto 1.50 marks in a technical reaction to last week's lows, market sources said. In stronger stores KsuflMf rose six marks. In electrlcals BBC gained 2.50 and Siaawaa 3.80 marks and In engineering Liade rose 2.50 and Dswsg 4.30 marks.
      329 words
    • Article
      Paris
      432 7 PARIS: The market on Monday was steady to higher on balance with quotations delayed as bourse staff met to decide whether to strike on Tuesday, dealers said. Bourse unions called on members to stop work between 1100 and 1500 hours local time on Tuesday. In protest against falling employment
      432 words
    • Article
      Zurich
      290 7 ZURICH: The market closed slightly lower on Monday. In dull trading, dealers said. Uncertain prospects for the capital market and a possible further strengthening of Interest rates If the government's financial package Is rejected at the national referendum this weekend deterred Investors KrediUßittll led leading banks slightly lower. In
      290 words
    • Article
      Jo'burg
      356 7 JOHANNESBURG: Gold shares were basically steady on Monday. in Idle trade this afternoon, reflecting the UK holiday, dealers said. Financial minings were firmer where changed, with Anglo* seven cents higher at 405. Elsewhere. De Beer* was unchanged at 415. Coppers and platinums tended softer where traded. Toehr metals, minerals
      356 words
    • Article
      Toronto
      289 7 TORONTO: The market surrendered some of last week's gains to close lower In light trading on Monday, with the composite Index off more than 2'« points and declines leading advances 213 to 176. Among major net changes B«U Canada, the most active issue, added Sto 52vi on M. 150
      289 words
    • Article
      New York
      1135 7 NEW YORK: The slock market on Monday, reversed last Friday's technical advance on moderate turnover, as prices moved progressively lower after opening firm. Investor worries over the longer term outlook for the US economy and higher Interest rates got the blame for Monday's selling. The market virtually shrugged
      1,135 words
    • Article
      Indices
      61 7 FINANCIAL TIMES INDUSTRIALS Monday closed Friday 457.8 Week ago 447.5 IX>W JONES AVERAGE INDUSTRIALS Monday 903.07 Friday 912.23 Week ago closed LONDON DOLLAR PREMIUM Monday closed Friday US'* to 119 H.K. HANG SENG Monday 448 04 Friday 450.22 Week ago ut.oi SYDNEY INDUSTRIALS Monday 375.1® Friday 375.85 Week ago
      61 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      305 8 OPENING quotations In the Singapore rubber market yesterday were marked up half a cent and thereafter prices advanced gradually to gain another 0.75 cent on short-covering and some nearby buying interest. Trading was quiet with the holiday in London a quietening Influence, they said. Forwards
      305 words
    • Article
      R.A.S. PRICES
      289 8 Noon Clow (per kilo) (par Ulo) Buyers Sellers Buyers Sellers Int. 1 R.8.8. prompt f.o.b. 193.29 194.25N 193.00 194.OON Int. 1 R.8.S. June 193.23 103.75 103.00 103.90 Int. 1 R.S.8. July 190.75 197.00 100.90 107.00 Int. 2 R.8.8. 190.00 191.00N 100.00 101.OON UK/Cont. 190.00 190.00N 100.00 10O.OON Int.
      289 words
    • Article
      SSR AND SMR
      83 8 July August R.A.S. (Cu Buy« rmtMth) r, 9«U«rt (F« Buyc rwaHMtk) n Sottws iti par kg) (e* nupwkg) S8R20 (1-ton Pallet) 103.00 194.00N 194.50 195. SON 88RS0 (1-ton Pallet) 190.50 191.50N 192.00 193.00N M.R.E.L.B. SMRSCV (1-ton Pallet) 218.SO 220.50 N 219.50 221.SON SMR5L (1-ton Pallet) 216.90 218.50N
      83 words
    • Article
      Closing prices
      30 8 Rubber: June 7 Singapore: June 193.00 eta (up 0.75 ct.) Malaysia: July 197.25 eta (up 1.00 ct) Tin: $1,44«.25 (up 13.25) Official offering: 180 tonne* (down 57 tonnea)
      30 words
    • Article
      Cocoa
      262 8 NEW YORK, Tues. Cocoa prices yesterday slipped some two to three cents from the highs on scattered profit-taking to trade about two to three cents up for the day, dealers said. The near-by July was trading at about 210.00 cents, 2.75 cents up for the day but two cents
      262 words
    • Article
      Sugar
      106 8 NEW YORK, Tues. World sugar futures fluctuated In a narrow 0.10-cent range yesterday morning on slow local ring dealings. Prices were 0.01 to 0.04-cent net higher at midday. The holiday closing of the London market yesterday and today dampened the trading interest here, traders noted. World sugar futures finished
      106 words
    • Article
      Produce exchange
      470 8 COFFEE prices were marked down sharply In belated unison with the uncertain trends prevailing In the global overnight markets. In Singapore the various grades were down from $20 to $40 a picul in a highly ntervous market. The general tendency was easier until the close despite the slight
      470 words
    • Article
      Hongkong comex
      273 8 HONGKONG, Tues. Cotton futures closed higher, after a firm opening in line with the rise in New York, dealers said. October gained 1.68 US cents and other months rose 0.68 to 0.98 cent. May and July remained untraded on uncertainty over the future supplydemand situation. Total turnover rose
      273 words
    • Article
      Coffee
      293 8 NEW YORK, Tues. Coffee futures yesterday staged a strong rally after a slightly mixed opening, to reach gains of up to 7.50 cents in the independent July position by mid-morning. July traded at a peak of 270.50 cents, while gains in other months ranged from 4.67 to 0.75 cents
      293 words
    • Article
      Gold
      267 8 FIRMER overnight New York lever helped prices to open higher yesterday morning In the Singapore gold market. The kilo bar opened at SSI 1,450 and weakened In moderate trading, following profittaking In the loco London market, to close at SSI 1,420. In the loco London market. It opened at
      267 words
    • Article
      Straits tin market
      95 8 THE Straits tin price in Penang yesterday was up 53.25 to 51.446.25 on an official offering down 57 tonnes to 180 tonnes. With the London metal exchange closed Monday trading remained very quiet but with a steadier undertone on light buying, they said. In NEW YORK on
      95 words
    • Article
      Copper
      179 8 NEW YORK, Tues. Light short-covering yesterday ahead of the Bureau of the Mint buying tender today lifted copper prices some 0.60 cent a lb at the close, dealers said. The near-by July finished at 61.20 cents a lb, up 0.60 cent for the day and off Just 0.20 cent
      179 words
    • Article
      Silver
      169 8 NEW YORK. Tues. Comex silver futures yesterday were steady but very quiet during the first hour, largely reflecting the UK holiday. Traders said the market displayed a general lack of interest, with locals providing most of the light activity. They said there was little outside influence on the market,
      169 words
    • Article
      Rice
      215 8 BANGKOK, Tues. Indicative prices for rice quoted here were: In HONGKONG, The market was quiet, with Brokens up to 60 cents lower, dealers said. Turnover totalled 313 tons comprising Thais 102, Kwangtungs 170 and Australlas 41 tons. Arrivals comprising Australlas 326 tons and Kwangtungs 400 tons. US dollars per
      215 words
    • Article
      Soybeans
      343 8 CHICAGO, Tues. Soybean futures yesterday advanced from a mixed opening to show gains of 6Vi to lift cents a bushel around mld-sesslon on a relatively light trade. The advances took new crop months one to several cents above previous season highs. Some early speculative selling was prompted by the
      343 words
    • Article
      Wheat
      144 8 CHICAGO. Tues. Wheat futures yesterday were showing fractional Tosses In most months around mldsesslon on a thin trade. Prices eased In Initial dealings but moved fractionally to the plus-side as speculative support encouraged by gains In soybean futures asborbed commercial selling. Prices later slipped back from the highs and
      144 words
    • Article
      Lock icon Pest threat
      62 8 Reuter HONGKONG, Tues.. a serious outbreak of Insect pest is threatening the early rice crop in the south China province of Kwantung, according to a Radio Canton broadcast. It said that because of a warm winter and a prolonged drought earlier this year, the winter death rate of
      Reuter  -  62 words
    • Article
      Lock icon Greece looks to new minerals
      691 8 NYT SALONIKA, Tues. Greece is making a vigorous effort to find and exploit new sources of mineral wealth to strengthen its economy and prepare for eventual membership in the European Community. Several minerals found here, such as chrome and nickel, are badly needed In Western
      NYT  -  691 words
    • Article
      Lock icon COCONUT OIL
      130 8 AFP MANILA, Tues. The Philippines will ship out 13,000 metric tons of crude coconut oil to the Soviet Union late this month, the American controlled shipper Granexport Manufacturing Corp announced today. The transaction is the largest ever single sale of coconut oil to the Soviet Union and is
      AFP  -  130 words
    • Article
      Lock icon Standards review
      131 8 Reuter WASHINGTON, Tues. The Federal Trade Commission proposed new standards for the use of the terms gold and silver. Current standards allow the use of gold labels only for articles with 10 or more carats. The proposed amendments would allow gold markings to be used with under 10
      Reuter  -  131 words
    • MONEY AND EXCHANGES
      • Article
        Singapore
        521 8 THE overnight rates In the Singapore local money market soared to hit the day's high of seven per cent at one stage yesterday when conditions appeared to tighten. From the opening of 4 1/4 per cent to four per cent, the overnight rates moved up steadily to hover around
        521 words
      • Article
        Minimum lending rates
        55 8 ACBC i* Alp— Bank cv, Bangkok Bank 7 But at Mm «v« Citibank HSBC Indosuez tM Bank of China 7 Baak ot Tokyo m Bank Negara Indonesia 7 Chartered Baak 6V. Malayan Banking «v 4 Mitsui Bank SH OCBC «H OUB «H UCB 7 Chase Manhattan CH
        55 words
      • Article
        Asian $ rates
        164 8 Asian rates ASIAN currency deposit interbank rates u at close on June 7 USDaUa in (Spat) 7 days 55/8 61/2 1 mth 5 11/16 5 6/16 2 mths 513/16 511/16 Jmtlu 61/16 '515/16 6 mths 6 5/16 6 3/16 8 mths 61/2 6 3/8 12 mths 611/16 6 6/16 Sw
        164 words
      • Article
        Discount
        38 8 RANOE of price* houses on June 7 Oremlftit 3* Call deposit M offered by discount 3-Month Treasury bills 3-Month Bank Mils 4-MonthsCD •-Month CO CMi| B«T MUbc 3 2% 41/16 315/16 4 V16 43/16 4 ft/16 4S
        38 words
      • Article
        New York
        230 8 NEW YORK. Tues. The yen showed the most activity In an otherwise subdued trading session here, closing higher while the dollar moved stronger against major European currencies, dealers reported. The yen closed at 0.3632/33 cents having risen to 0.3634/36 in the morning from the opening 0.3618/20. A report
        230 words
      • Article
        Tokyo
        121 8 TOKYO, Tues. The dollar for overnight delivery eased to 275.20 yen after opening lower at 275.40, compared with 275.55 at yesterday's close, dealers said. The dollar fell to 275.05 initially on selling of dollars by Japanese banks believing the yen would appreciate further but the fall attracted some buying.
        121 words
      • Article
        Hongkong
        83 8 HONGKONG, Tues. The US dollar weakened against the mark but firmed against the yen and Hongkong dollar, in featureless trading, dealers said. The US unit moved to 2.3600/05 marks from 2.3624 equivalent at the New York close, 275.45/55 yen from 275.29, both in technical reaction to yesterday's movements in
        83 words
      • Article
        Zurich
        57 8 ZURICH exchanges closing quotes on June 6. US 2 4845-44B2 UK unquoted Can 2 3578-3541 W Orm 105 32-38 Neth 100 75-82 France 50.23-28 Belg 6 88 1/2-M 1/4 Denm 41.24-27 Norw 47 32-35 Swed 58 49-53 Italy 0 2804-2800 Austria 14 78-80 Port 8 42-44 Spain 3.59 1/2-80
        57 words
      • Article
        Australia/NZ
        54 8 AUSTRALIA/NZ exchanges quoted on June 7. Australia Sterllnc O M70/O MOO U8 dollar 1 1081/1.1033 Ninety-a*y air malt buying rates: Sterling 0.6699 US dolTan 1.1334 Ninety-day forward buying rate*: Sterllnc 0.04T9 US dollar* 1.0066 Hew Zealand: Sterllnc 0.9603/ 0 9672 U8 dollar 0.9674/ 0.9974 Ninety-day forward rate: Sterllnc 0
        54 words
      • Article
        Frankfurt
        44 8 FRANKFURT exchanges opening quotes on June 7. US 2 3596 3608 Can 2 2335/55 UK 4 054/059 Neth 95 82/72 8wit* 94 88 98 Italy 2 882/868 Franc* 47 69/79 Norw 44 84/91 BtIk com 6 535/545 Belg fin 6 535/555 Japan 0.8565/75
        44 words
      • Article
        Lock icon Treasury bills
        48 8 Reuter KUALA LUMPUR, Tues. Bank Negara said It invited applications for Treasury bills totalling MS 100 million at Its latest tender, closing June 13. The tender comprises $40 million of 92-day bills, 160 million of 182-day bills and $60 million of 364-day bills, it added. Reuter.
        Reuter  -  48 words
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      Page 8 Advertisements Column 1
      43 8 PLEASE REMEMBER! CHANGE OF ADDRESS AND TELEPHONE NUMBERS Asio Reseorch Pte Ltd *****45/6 Far East Trade Press Group *****17 *****93 Travelnews Asia *****07 All of the above 3 companies are now housed at: Room 2815, 28th floor International Plaza, Anson Road Singapore 2.
      43 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon Paying $1,680 more for a new car
      178 9 AP DETROIT, Tues. The American consumer paid an average U555,450 (S$ 13,080) for a new car in 1976, US$7OO (S$ 1.680) more than in 1975, according to an annual survey by the National Automobile Dealers Association (NADA). It was the biggest relative increase
      AP  -  178 words
    • Article
      Lock icon Two firms awarded $528m road job
      127 9 Reuter BOISE. (IDAHO), Tues. Morrlson-Knudsen. the big builder, today said it and a French company have been awarded a US$22O million (SSS2B million) contract to build superhighways in Iran. Morrison-Knudsen said one six-lane highway will extend 140 km between Qhom and Arak. Iran. The
      Reuter  -  127 words
    • Article
      Lock icon Renegotiate air pacts
      69 9 Reuter NAIROBI, Tues. International airlines operating here are being asked to renegotiate air service agreements with Kenya, the permanent secretary In the Ministry of Power and Communications, Mr Samuel Ogembo, said yesterday. Mr Ogembo was commenting on a letter sent by his ministry to several airlines which
      Reuter  -  69 words
    • Article
      Lock icon West Germans win bid to build $240 million Soviet airport terminal
      820 9 WEST BERLIN, Tuesday NYT WHEN visitors and athletes begin arriving in Moscow three years from now for the next Olympic games, some of them will check in through a new US$lOO million (Ss24o million) airport terminal built by West
      NYT  -  820 words
    • Article
      Lock icon CB radio sales will not reach 12m target
      428 9 Reuter CHICAGO, Tues. Retail sales of citizens band radio transceivers in 1977 are not expected to reach the 12 million sets projected earlier this year by a number of industry executives. A panel of CB radio manufacturing executives said yesterday. At the
      Reuter  -  428 words
    • Article
      Lock icon Barge carrier talks open in HK
      126 9 Reuter HONGKONG, Tues. The world's first conference on barge carrying vessels (BCVs) opened here today to discuss the future of BCVs, their economic viability and port facilities, conference officials said. Delegates from 23 countries will take part in the three-day conference, organised by the
      Reuter  -  126 words
    • Article, Illustration
      IN PORT
      342 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aegis Wisdom (SXRL) (1200) 35/36 Bunga Gelang (1200 subject free board) 19 Centaur (1330 after Kalemyo) 44 Chun Sun (H3MA) (1100 subject free board) 27/28 Kalsing (1400 after Nedlloyd Karakorum hauls) 13/14 Kota Bahagia (0700 subject free board) 22 Lilia (SLXW) (0600 subject
      342 words
    • Article
      UTA to Bahrain now 3 times a week
      129 9 UTA French Airlines now files three times a week between Singapore and Bahrain with full traffic rights, following the successful conclusion of an agreement that covers both Its east and west bound flights. Before this agreement was reached, UTA only used Bahrain
      129 words
    • Article
      Lock icon JAL crash: 'Inadequate handling of cargo'
      169 9 AP ANCHORAGE, Tues. Investigators have turned up evidence of Inadequate handling of cargo In the crash of a Japan Air Lines cargo Jet last January at Anchorage International airport. All five crew members died In the crash. Officials previously had disclosed that the pilot
      AP  -  169 words
    • Article
      Oil slicks under control
      178 9 OIL slicks at the Western Anchorage, resulting from an accident at the Mobil oil terminal at Jurong yesterday, are now under control. Antl-01l pollution vessels from the Port of Singapore Authority (PSA) and the oil refineries have been deployed since early yesterday to contain several patches
      178 words
    • Article
      Lock icon America not spending enough to fight oil spills
      273 9 AP CAMBRIDGE, (Massachusetts), Tues. The United States Government Isn't spending enough money to achieve Its professed desire to protect US coasts from massive oil spills, a marine specialist said yesterday. The United States would have to stockpile equipment at about 25 locations
      AP  -  273 words
    • Article
      Lock icon Crude tanker
      30 9 Reuter CLEVELAND, Tues. Standard Oil Co (Ohio) said it took delivery of a 165,000 coastal tanker built by Ogden Corp's Avondale Shipyard to carry oil from Alaska. Reuter.
      Reuter  -  30 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      580 9 ARRIVALS A w Oparata TMA MAS r Noabar TL304B MH682 0630 0610 TPK KCH CAL CPA SIA OIA THAI THAI craw CX710 SQ211 OA90O TQ423 TG981 1000 1000 1018 1030 1036 1050 HLP HLP HLP HLP BKK BKK OIA PAL 8IA RBA OA0O6 PR501 SQ240 BI325 1100
      580 words
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      Page 9 Advertisements Column 1
      160 9 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times v. Vj 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/Pacific
      160 words
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  • Article, Illustration
    Lock icon HONGKONG
    1442 10  -  Hongkong is still in the throes of a healthy development boom in the face of demand from both the commercial and residential sectors. Of course land resources are restricted and in great demand, and costs are still increasing, but developers have access to adequate funds, with interest rates falling
    FT  -  1,442 words
  • Article
    Lock icon Textiles — a problem of European prejudices
    664 10  - Textiles a problem of European prejudices By MARTIN DICKSON FT BLACK AFRICA'S fledgling textiles Industry is hoping to make significant inroads into the Western market for cotton-based fabrics and ready-to-wear garments but it may have to reduce its prices if It is eoing to compete successfully in the long term
    FT  -  664 words
  • Article
    Lock icon Battle of the bottle
    588 10  -  By GERALD NADLER UPI CHINA and Russia, who have clashed with funs on a frozen Siberian river and with barbed words in diplomatic forums, are dueling in a new spirited arena vodka. Peking, which boasts a purer communism than Moscow's, is making similar claims for "Great
    UPI  -  588 words
  • Article
    Lock icon Top jobs in the AFL remain a male preserve
    1027 10  -  By A.H. RASKIN NYT THE padlocks are coming off some of the doors that have shut women out of executive suites in the multistorled house of I labour. But the "men only" sign Is still firmly in place on the staircase
    NYT  -  1,027 words
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      Page 10 Advertisements Column 1
      169 10 \sM o\vs0\v s Vc,^L The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. 2. Enjoying the benefits of over 90 years of tutorial expertise. 3. Being informed of the latest changes and current events and topics of interest and relevance through the exclusive
      169 words
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  • Article
    DON'T EXPECT TOO MUCH, SAYS RAZALEIGH
    490 11 PANOKOR ISLAND. Tues. Finance Minister Tengku Razaleigh Hamzah said today workers and employers must avoid excessive expectatlons If Malaysia's economic stability Is to be maintained. Furthermore, trade unions must not ape those of advanced nations. If an Industrialised nation could be affected by the
    490 words
  • Article
    Lock icon Teijin-Volvo venture is gearing up
    812 11 FT TOKYO. Tues. If Japan's leading synthetic fibre manufacturer and Sweden's biggest motor manufacturer make a success of selling cars In Japan they will have to thank Mr. Hermann Kahn of the Hudson Institute. It was he who suggested to the presidents of Teijin and
    FT  -  812 words
  • Article
    Lock icon Speedy Upper House approval?
    120 11 Reuter TOKYO. Tues. Japan's House, of Representatives has unanimously approved a Japan-Soviet interim fishery agreement, which will govern Japanese fishing this year in the Soviet Union's new 320-km zone. The Interim agreement, reached in Moscow last month after protracted negotiations, now goes to the Upper House
    Reuter  -  120 words
  • Article
    Lock icon Slight rise in Tokyo jobless
    90 11 Reuter TOKYO, Tues. Japan's April unemployment rose slightly to 1,026,000 seasonally adjusted from downward revised 1,025,000 In March, the Prime Minister's Office said. The adjusted April unemployment rate was unchanged from a downward revised 1.89 in March, It added. Unadjusted, the jobless total fell to
    Reuter  -  90 words
  • Article
    Lock icon Getting Vietnam to import more steel
    203 11 AFP TOKYO, Tues. A Japanese steel mission will soon visit Hanoi to further promote steel exports to that country, a Tokyo economic daily reported today. The seven-man delegation, including officials of three major steelmakers Nippon Steel, Nippon Kokan and Sumitomo Metal Industries is expected
    AFP  -  203 words
  • Article
    Lock icon Unesco's pledge to poor nations
    108 11 Reuter MANILA, Tues. Direc-tor-general Amadou Mahtar M'Bow of the United Nations Educational, Scientific and Cultural Organisation today pledged full support to developing countries in formulating an effective educational system. Addressing the 10th biennial conference of the organisation, Mr. M'Bow said that through effective education, the
    Reuter  -  108 words
  • Article
    Lock icon Funds for island study
    107 11 UPI MANILA, Tues. The Australian Government has authorised a U*****,000 (551.36 million) civil engineering and agricultural study of the island of Samar in the central Philippines, the Australian Embassy said today. The. study is in preparation (or a $16.7 million economic aid project and was granted
    UPI  -  107 words
  • Article
    Lock icon S. Korean surplus
    79 11 UPI SEOUL, Tues. South Korea's current account registered a surplus of US$7l3 million (551.75 billion) during the first five months of the year, thanks to a steady Increase In exports and Invisible trade, the Finance Ministry said today. The surplus consisted of $465 million In trade and
    UPI  -  79 words
  • Article
    KL IS TOPS AS TRADE PARTNER
    354 11 SINGAPORE'S best Ase&n trade partner not surprisingly continues to be Malaysia, although on a wider basis, Malaysia has lost out in Importance to the United States. In the regional group, however, Malaysia remains far ahead of the other Asean members as Singapore's trade partner.
    354 words
  • Article
    Four insurers bear the brunt
    212 11 THE $4 million damage suffered by Thlam Joo Pte Ltd, in a fire which destroyed its paint factory and warehouse in Jurong are covered by four insurance companies. They are: Insurance Corporation of Singapore ($750,000 for the factory/ office building); Wing On Fire Insurance Co.
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    Updated investment guide published
    174 11 PEAT. Marwlck, Mitchell, the International firm of accountants, has published an updated edition of its "Investment in Singapore." guide. Some of the key topics dealt with in the 76-page guide are a brief survey of Singapore, company law and operations, exchange control, banking and finance, investment
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  • Article
    IBF's first book
    93 11 THE Institute of Banking and Finance (IBF) will be launching Its first book, "A Sourcebook of Banking Law In Singapore and Malaysia." on June 13. The book will be the first in a series to be published by the institute to further the development of banking education
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  • Article
    RESEARCH BUREAU
    82 11 THE Survey Research Group, primarily a consumer research organisation with offices throughout South-east Asia and Hongkong, Jias set up a research bureau in the United States. It will liaise with the growing number of US corporate clients and co- ordinate the increasing number of public sector research projects
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    Lock icon Nagging concern of Aussies — declining population
    656 11 Nagging concern of Aussies declining population NYT PERTH: A prolonged drop in Australia's birth rate and a sharp decline in immigration are causing serious concern among some Australians over the future development of this vast but still only partially populated country. If the present trend continues. a recent government study
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    Stock mart has yet to hear from Japanese
    214 11 THERE ku been no sign of JtptntM investor* in the Singapore stock market despite the fact that they have been allowed to invest in the Singapore exchange since June 1. Three local stockbrokers who are expected to benefit most from any influx
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  • Article
    Gulf Bank sues Narodny for $3 mil
    133 11 MOSCOW Narodny Bank Ltd. yesterday faced a $3,000,000 suit filed by The Gulf Bank K.S.C. at the High Court. It wu alleged that the turn was due under a letter of guarantee. Alto, Lian Hup Marine Engineering and Refrigeration (Pte) Ltd. filed a
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  • Article
    AID post
    31 11 WASHINGTON. Tues. President Carter yesterday chose Mr. Joseph Wheeler, a career diplomat with experience in the Near East, to be the assistant administrator of the Agency for International Development.
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  • Article
    Safeguarding interest of home buyers
    249 11 KUALA LUMPUR, Tues. The Minister of the Housing and Village Development Ministry, Datuk Michael Chen, said his ministry Is thinking of Introducing two new regulations to safeguard the interest of house buyers. They will stipulate the period by which the agreement between the developer and
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  • Article
    Lock icon Heated debate on new social security bill
    343 11 AFP BANGKOK, Tues. A new social security bill providing for the first time welfare benefits covering sickness, childbirth and death is currently under heated discussion. Drafted by the Welfare Department, the bill Is being debated by representatives of the Employers' Federation, Employees' organisation,
    AFP  -  343 words
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    ACCURACY COURSE
    48 11 THE National Productivity Board will be introducing a two-week course on improvement of machine tool accuracy on June 2 at the NPB town training centre in Hotel Royal-Ra-mada. The fee for the course is $100 for National Productivity Association (NPA) members and $120 for nonNPA members.
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      139 11 APPOINTMENTS Dealers invited for Copying Machines We are an international company marketing a wide range of photo-copiers and relevant softwares. We are inviting dealers to market them in Singapore. Applicants must have salesman in their organisations and be prepared to keep adequate stock. Only those who are interested to build
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      269 11 HUGHES TOOL COMPANY (FAR EAST) PTE. LTD. An American based International Manufacturing and Marketing Company is now starting the manufacture of Oilwell Drilling Tools at its new factory in Singapore, and invites applications for the position of: Accounting Manager Around $40,000 P.A. based on experience and background. DESIRED QUALIFICATIONS: Singapore
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    KL is flexible on equity guidelines
    500 12 KUALA LUMPUR, Tues. Trade and Industry Minister Datuk Hamzah Abu Samah assured Industry leaders today that the government will continue to exercise flexibility In Implementing Its guidelines on the equity structure of companies. His ministry is also prepared to consider extending the time period
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  • Article
    Lock icon Feasibility study of tin exchange set-up soon
    260 12 AFP KUALA LUMPUR, Tues. A feasibility study will be carried out soon on the setting up of a tin exchange in Malaysia, Primary Industries Minister Datuk Musa Hitam said today. In a statement, he said that the study, which was expected to last
    AFP  -  260 words
  • Article
    Supermarts now a way of life here
    357 12 THE Minister for Health, Dr. Toh Chin Chye, said yesterday that supermarket shopping has become a way of life In Singapore and that there are more supermarkets In the Republic than In Hongkong. Speaking at the opening of the Ninth National Trade Union
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  • Article
    SMA tour to boost trade with W. Asia
    236 12 THE SINGAPORE Manufacturers Association (SMA) will send a 10member delegation to West Asia later this month on a trade promotion tour. During its two-week tour, the team will visit Oman, Bahrain, Abu Dhabi, Dubai and the United Arab Emirates. An SMA spokesman
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  • Article
    Lock icon $4.7 mil more for hydro project
    121 12 AFP KUALA LUMPUR, Tues. The Canadian government has agreed to provide Malaysia with an additional loan of M 54.7 million for financing the Increased cost of engineering services for the Temenggor hydroelectric power in Ulu Perak. With this loan, the total Canadian loan for
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  • Article
    Lock icon Tokyo fears surplus will rekindle friction with West
    338 12 Reuter TOKYO. Tues. Japanese government sources said Japan's trade surplus this fiscal vear may be almost double the government's official estimate of US$7.3 billion (5517.9 billion) and could lead to renewed friction with the US and EEC. On current trends, Japanese exports
    Reuter  -  338 words
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    Lock icon Japanese sugar team for Australia
    164 12 Reuter TOKYO. Tues. A Japanese sugar refining mission will visit Australia shortly In a bid to negotiate a reduction in the price of raw sugar being supplied to Japan under a long-term fixed-price agreement with Queensland growers, the Japan Sugar Refiners' Association said today. The
    Reuter  -  164 words
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    Lock icon Japan lowers estimate of energy needs
    258 12 Reuter TOKYO. Tues. The Japanese Cabinet Council revised downwards Its estimate of Japan's longterm energy needs and called for a tightening of energy saving measures to cover possible shortages, a council spokesman said. The council approved a downwards revision of the nation's estimated needs
    Reuter  -  258 words
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    Lock icon Green light for yen bond
    205 12 Reuter TOKYO, Tues. The Finance Ministry said it approved a World Bank plan to float a 30 billion yen domestic bond issue and a 20 billion yen Eurobond issue simultaneously in August. The Ministry said the 30 billion yen bond issue will be the biggest
    Reuter  -  205 words
  • Article
    Lock icon Crucial Nato meet on military balance
    299 12 AFP BRUSSELS, Tues. The eight-nation Nuclear Plan Group (NPG) of the North Atlantic Treaty Organisation (Nato) will hold a crucial ministerial meeting in Ottawa tomorrow and Thursday when United State* Secretary of Defence Harold Brown will report on the East-West military balance of power.
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    Lock icon Probable French wage guideline
    162 12 Reuter PARIS, Tues. The French Patronat Employers Federation is likely to recommend members to limit pay increases to a maximum of 4.5 per cent for the second half of this year, informed sources said. The Patronat recommended a maximum 3.5 per cent Increase in the first
    Reuter  -  162 words
  • Article
    Lock icon 'Saudis to raise oil price by 2-3pc at the most'
    471 12 AP JEDDAH, Tues. A Saudi newspaper said today this oil-rich kingdom might Increase the price of petroleum by two or three per cent but no more. The English-Language dally Arab News was com- meriting on a report that Saudi Arabia
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  • Article
    Lock icon Moro did not get Libyan aid
    126 12 AFP MANILA, Tues. Libyan Ambassador to the Philippines Mustapha Drelza said yesterday his government had never assisted the rebel Moro National Liberation Front to purchase weapons and fight the government. The envoy, however, confirmed that Libya "gave aid to help them In their pursuit
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    Lock icon Terms of Opec price accord in July
    116 12 Reuter CARACAS, Tues. The Organisation of Petroleum Exporting Countries (Opec) will announce before July the terms of an agreement to unify Opec oil prices, the local newspaper El Nacional, quoting Venezuelan Mines and Energy Minister Valentin Hernandez, said. Mr. Hernandez said In an
    Reuter  -  116 words
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    Lock icon The role of industry clubs in Asean
    344 12 Reuter AP MANILA, Tues Private businessmen In Asean have formed 11 industry clubs, Philippine Industry Secretary Vicente Paterno announced today. Mr. Paterno, who also heads the Asean Committee on Industry Clubs, told newsmen their primary task was to identify products among member countries
    Reuter; AP  -  344 words
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    Lock icon Thais may set up tourist office in KL
    167 12 AFP PENANG. Tues. The Tourist Organisation of Thailand may set up an office in Kuala Lumpur soon to promote tourism between the two countries, said its chairman and Minister responsible for tourism Mr Duslt Slrlwan today. On arrival here for an unofficial
    AFP  -  167 words
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    $200m on rice irrigation works
    193 12 KUALA LUMPUR, Tues. The Agriculture Ministry will spend MS2OO million on the construction of small irrigation schemes for the benefit of pad! smallholders. Agriculture Minister Datuk All Hajl Ahmad said today thatvf the total $97.5 million will be financed by a World Bank loan. The
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    Lock icon Fall in Bonn output
    168 12 Reuter BONN, Tues. The Economics Ministry reported that West German industrial production declined by a seasonally adJusted 0.9 per cent in April from the upward revised March level. It also said new orders received by West German manufacturing industry fell by a seasonally afdjusted 1.3 per
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    Lock icon Milan still on strike
    55 12 Reuter MILAN, Tues. Striking bourse clerks continued to block quotations on the Milan Stock Exchange for the third session running, bourse sources said. The bourse clerks are meeting today to discuss results of the strike so far, and at national level grouping representatives from all Italian
    Reuter  -  55 words
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    Lock icon Arabs to act against anti-boycott laws
    321 12 UPI CAIRO, Tues. The Arab League's Israel-boycott office, which opens a 10-day conference In Alexandria tomorrow, will take a "decisive stand" against American anti-boycott laws. Boycott commissionergeneral Mohammed Ahmed Mahgoub said today: "At the request of the Iraqi government, the conference will examine the
    UPI  -  321 words
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    Pahang Cons reduces its Plantation Hldgs stake
    407 12 KUALA LUMPUR, Tues. Pahang Consolidated has placed two million of its 10 million shares In Plantation Holdings, a London quoted company, with a leading unit trust group in London. This reduces PahangCons' stake in PH from 27.3 per cent to 22.2 per cent.
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    Working out list of items outside tariff pact
    206 12 ECONOMIC officials of Singapore and the Phlllp()ines will meet in Manila ater this month to draw up a list of products to be excluded from enjoying the benefits of the tariff reduction agreement reached between the two countries in January. Items that
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    Vosper workers get warning
    132 12 UNIONISED workers at Vosper Thornycroft shipyard have been warned to refrain from taking industrial action to protest against the dismissal of a fellow worker. The warning, which was issued by the Singapore Manual and Mercantile Workers Union (SMMWU) came in the wake of a letter of
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    Union suspends action
    108 12 KUALA LUMPUR. Tues. The National Union of Telecoms Employees (NUTE) decided today to suspend its work-to-rule for three weeks to enable the telecoms director-general Tan Sri Mohamad Hassan Wahab, to find an amicable settlement to the union's claims. NUTE's general secretary, Encik G. Parameswaran, assured that all
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