The Business Times, 10 June 1977
1977-06-10
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The Business Times
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Title Section10 1977-06-10 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, JUNE 10, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article80 1977-06-10 1 AFP KAGOSHIMA, Thurs. Clusters of an oxygenrobbing red tide swept through a fish breeding area near this southern Japanese city today, killing valuable cultivated fish. Officials predict It will spread and cause more damage. It was not yet known exactly what brings about the red tide, anAFP - 80 words
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Article83 1977-06-10 1 Reuter LONDON, Thurs. British shoppers, battling with inflation, today took advantage of a new High Street sales war as supermarkets slashed prices by up to 20 per cent. New, fierce competition between the shops followed a decision by Britain's largest supermarket chain, Tesco, to stop givingReuter - 83 words
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Article70 1977-06-10 1 AP NAIROBI, Thurs. Radio Uganda said today President Idl Amln has returned to Uganda after a trip that apparently took him nowhere near London and the Commonwealth Summit, where the Ugandan dictator earlier was reported to have secretly arrived. The radio announced Marshal Amln's safe return afterAP - 70 words
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Article54 1977-06-10 1 Reuter WASHINGTON, Thurs. A key congressional committee today overwhelmingly voted to kill President Carter's plan to give big tax rebates to Americans who buy small cars. The plan was one of the major elements of the President's overall tax programme to save energy and reduce importsReuter - 54 words
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Article77 1977-06-10 1 Reuter PENANG, Thurs. The five-nation Intergrated Air Defence System (lADS) will hold an air defence exercise over Singapore on June 16 and in the Butterworth area a week later, it was announced here today. lADS commander, Air Vice Marshal J.I. Adams of Australia, said Singapore air defenceReuter - 77 words
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Article102 1977-06-10 1 UPI NEW YORK, Thurs. Blue-chip stocks were under selling pressure early today as the market struggled for direction In fairly active trading of New York Stock Exchange Issues. The Dow Jones industrial average, a 9.98-point winner over the past two sessions, was off 3.31 points to 909.68 shortlyUPI - 102 words
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Chief Price Changes
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Article, Illustration218 1977-06-10 1 THE market ruled hesitant with some evidence of the recent speculative tide abating on the Stock Exchange of Singapore yesterday. Most shares reacted lower though some scattered support was noted. At the close, the Business Times index shed 1.02 points to 312.91 while the Straits Times Industrial218 words
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Article110 1977-06-10 1 Foils Most active C. Sugars 3.06 Pacific Dev. 1.87 S Trading 5.40 OCBC 7 00 F Cables 105 CandC 1.98 Oentlngs 2.08 M. Flour 2.85 P Carbide 1.07 DutcnBaby 1.10 Mega Chem 0.73 Tong Meng 0.56 Rises Malex 2.68 Malaya wata 1.70 M. Box(S) 1.70 -.12 -.11110 words
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970 1977-06-10 1 QUEK PECK LIM - ACCORD ON MALAYSIAN INCOME Br QUEK PECK LIM SINGAPORE companies can continue to pay dividends out of Malaysian lncome following the successful outcome of talks yesterday between the tax authorities of the two countries. Participants at the talks were Mr Hsu Tse-Kwang, Mr970 words
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Article154 1977-06-10 1 LONDON, Thurs. The International Tin Council (ITC) price review panel began a three-day meeting aimed at reviewing the price ranges for buffer stock operations, delegate sources said. This week's meeting will be primarily concerned with gathering and assessing data produced by various ITC committees over the154 words
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792 1977-06-10 1 BOB NG - iy BOB NG LONDON. Thurs. Several Commonwealth leaders yesterday took issue with Mr. Lee Kuan Yew's view, presented during his keynote address on the opening day of the Commonwealth conference here, that the world Is engaged in a test of will and stamina792 words
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Article382 1977-06-10 1 Reuter LONDON, Thurs. Commonwealth leaders today pondered fears of war in southern Africa and Cyprus and heard a British pledge to bring independence to its last colony In Latin America. On the broad International scene British Prime Minister James Callaghan told the 33-nation summit that the prospectsReuter - 382 words
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Article144 1977-06-10 1 NEW YORK, Thurs. Venezuela will forgo a planned 5 per cent boost In Its oil price next month, the Wall Street Journal said today. Last December, Venezuela and 10 other members of the Organisation of Petroleum Exporting Countries (Opec) announced a 10 per cent price144 words
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Article232 1977-06-10 1 THE FIFTH meeting of the Asean Standing Committee held in Singapore yesterday approved the budget for the Asean Secretariat for the second year of its operations. Also approved are hinds for the production of a documentary film on Asean. Singapore's nominee, Mr. Loke Foo Yee,232 words
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Article58 1977-06-10 1 AP JAKARTA, Thurs. A Singapore fishing boat with eight crew members has been detained on charges of fishing illegally in Indonesian waters off West Kalimantan. Antara News Agency said today. Antara said the boat, SMF 809. commanded by Captain Tan Tlang Jen, was taken to the WestAP - 58 words
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347 1977-06-10 1 Reuter AFP MANILA, Thurs. The Philippine Central Bank is finalising guidelines for a proposed gold exchange in Manila, its foreign exchange director Bienvenldo Ruiz said today. He said a technical group of the Central Bank, in consultation with International experts like J. Aron and CompanyReuter; AFP - 347 words
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Article249 1977-06-10 1 THE general manager of Keppel Shipyard. Mr. Loh Wing Slew, yesterday Identified local attitudes to work as the main obstacle encountered in the shipyard's drive to raise workers' productivity. Mr. Loh was presenting a paper "Examine Existing Productivity',' at the Productivity arid Safety Seminar held249 words
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Page 1 Advertisements
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Advertisement40 1977-06-10 1 Get advanced copying technology. I Overseas News/TV Overseas Stocks P7 Radio P2 Commodities P8 Overseas News P3 Transport ft Local Co News P4 Communications P» International Co Features PIC News PS Local ft Overseas Local Stocks PS News PU, 1240 words
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Advertisement100 1977-06-10 1 for quality and souvenirs t Selangor Pewter has long been admired by connoisseurs the world over for its elegance and beauty. Individually handcrafted from 97% lead free Straits refined tin,the beauty of quality pewter never dates. Functional as it is decorative, Selangor Pewter is the ideal gift. Selangor Pewter the100 words
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Advertisement125 1977-06-10 1 >"|</$"~^-<.')_'>?==,'}>/\%~:`? I SONY Trust Sony for your video CS lth customar y v 'Sion and foresight Sony pioneered video equipment. Today, Sony is one of the world's foremost manufacturers of integrated video equipment. Research and experiments are continuously carried out to bring you the most advanced and sophisticated video components.125 words
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OVERSEAS
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Article328 1977-06-10 2 Reuter FRANKFURT, Thurs. Inflation differentials among member countries of the European joint float are likely to lead to further small occasional realignments in the future, say every nine months or so, Mr. Wilfrled Guth, joint managing board spokesman of Deutsche Bank said. Prospects for survival ofReuter - 328 words
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Article95 1977-06-10 2 Reuter WASHINGTON, Thurs. Consumer prices In the industrialised world rose at an annual rate of 7.9 per cent In April, unchanged from the rate In March, the International Monetary Fund said. IMF International Financial Statistics show there were few major changes in the rate of consumer price increasesReuter - 95 words
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288 1977-06-10 2 AFP LONDON, Thurs. The Dutch guilder is likely to remain strong and might come under occasional pressure for revaluation inside the European "Snake" or joint float, the London monetary experts, Maxwell Stamp Associates said yesterday. In its latest forecasts, the firm said that anyAFP - 288 words
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Article, Illustration636 1977-06-10 2 HONGKONG, Thursday Agencies UNITED States Agriculture Secretary Bob Bergland said the US has not received any official enquiry from China on an expansion of trade, but Is keenly Interested In such an expansion. He told a press conference here theAgencies - 636 words
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Article149 1977-06-10 2 Reuter WASHINGTON, Thurs. The Industrialised world's reserves rose to 117.18 billion Special Drawing Rights in April from 116.72 billion SDR In March, the International Monetary Fund said. According to IMF international financial statistics, Britain, Denmark, Norway and Sweden accounted for much of the gain.Reuter - 149 words
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317 1977-06-10 2 AP NEW YORK, Thurs. The chairman of a major New York bank has asked the International Monetary Fund to study the possibility of a system under which private banks and the IMF would co-finance international balance of payments loans. Mr. Gabriel Hauge, chairmanAP - 317 words
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284 1977-06-10 2 Reuter WASHINGTON, Thurs. The International Monetary Fund said 12 member countries with relatively large creditor positions In the fund acted as intermediaries during the recent gold restitution to member nations. Under the restitution Erogramme, carried out etween Jan 10 and Feb 23, 112Reuter - 284 words
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300 1977-06-10 2 AP COPENHAGEN Thurs. A leading Iranian official was quoted here yesterday as predicting that oil prices will go up by at least 50 per cent in the foreseeable future. Dr. Baghir Mostofi, director of the National Iranian Petrochemical Company, also toldAP - 300 words
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273 1977-06-10 2 Reuter WASHINGTON, Thurs. The Administration Is actively Interested In achieving a range of International commodity agreements, mainly In the Interest of stemming Inflation. the assistant secretary to the Treasury Department, Mr. Fred Bergs ten said. Such agreements should rely primarily on the operation of sizeableReuter - 273 words
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282 1977-06-10 2 Reuter CHICAGO. Thurs. The United States has informed other nations involved In the multilateral trade talks In Geneva on revisions In GATT that agriculture will be negotiated In parallel with Industrial problems, Mr. Robert Strauss told a press conference. Mr. Strauss, US specialReuter - 282 words
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Article50 1977-06-10 2 AFP TEHERAN. Thurs. The Iranian Gross National Product (GNP). will rise to US$BO,OOO million (SSI97 billion) this year from last year's $68,000 million, Premier Amir Abbas Hoveyda said. This would take Iran from 15th to 13th position in the world league, Mr. Hoveyda said. AFPAFP - 50 words
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318 1977-06-10 2 UPI BURBANK (California). Thurs. Lockheed Aircraft Corp, which recently released a report blaming two former company officers for past questionable payments and practices, announced yesterday It has accepted the entire list of recommendations by the committee that wrote the report. Acting at Its firstUPI - 318 words
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Article84 1977-06-10 2 Reuter UNITED NATIONS, Thurs. Oil would be used as an instrument in economic bargaining between the Third World and the developed nations, Venezuelan Minister of State Mr. Manuel Perez Guerrero said here. "We will use that instrument reasonably and advisedly," he toldReuter - 84 words
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318 1977-06-10 3 Reuter FRANKFURT, Thurs. The proportion of German banks' earnings which come from foreign business is likely to Increase gradually over the next few years from the present level of roughly one third, said Mr. Wilfried Guth, Joint managed board spokesman of Deutsche Bank. However,Reuter - 318 words
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Article153 1977-06-10 3 AFP BERLIN, Thurs. East Germany is catching up with West Germany in terms of per capita gross national product, but is still lagging far behind in productivity and private consumption, a West Berlin economic research body (DIW) said yesterday. The institute said East German GNPAFP - 153 words
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Article61 1977-06-10 3 Reuter HONGKONG. Thurs. China's steel output has risen each month so far this year, the New China News Agency (NCNA) reported. The agency, monitored here, gave no figures but said production in May had out-stripped the state target. It also said a long term plan toReuter - 61 words
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178 1977-06-10 3 Reuter WASHINGTON, Thurs. A panel of economists told the joint economic committee of Congress that they expect consumer prices to rise faster than 6 per cent at least through next year. Alvin Karchere, director of economic research for IBM, put the increaseReuter - 178 words
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Article111 1977-06-10 3 AFP PARIS, Thurs. France today stopped issuing labour permits to immigrant workers, and will this week make available 10,000 francs (554,800) to any immigrant voluntarily returning home. Mr. Lionel Stoleru, Secretary of State for manual workers, said at Nevers (Central France): "From today, my serviceAFP - 111 words
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568 1977-06-10 3 NEW YORK, Thunday Reuter UNITED States prime rates may hold steady at around the current 6% per cent for several weeks to come even though money market rates Indicate a possible rise, economists and analysts here said. Dealer-placed 90-day commercial paperReuter - 568 words
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Article155 1977-06-10 3 Reuter OTTAWA, Thurs. Statistics Canada said the general wholesale price Index (base 1935-1939) was 556.0 in April up 0.4 per cent from a revised 553.7 In March. The Index was at 510.6 a year ago and rose 8.9 per cent in the latest 12 months. TheReuter - 155 words
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210 1977-06-10 3 Reuter VIENNA, Thurs. The Austrian national bank said that from July 1 It will only grant refinancing aid under the discount and Lombard facilities to credit Institutes whose credit growth to domestic non-banking customers is kept below certain levels. The bank said in a statementReuter - 210 words
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Article106 1977-06-10 3 Reuter WASHINGTON, Thurs. US commercial and Industrial loans outstanding rose US$272 million (***** million) to $117.89 billion in the week ended June 1, the Federal Reserve Board said. This leaves loans $4.6 billion ahead of a year earlier. Loan sales were $2.72 billion, $34 million below the previousReuter - 106 words
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192 1977-06-10 3 Reuter LONDON Thurs. UK, retail sales volume rose around 0.3 per cent In April from March, taking the index to 103.4 (base 1971), revised down from a provisional 104, according to a final, estimate from the Department of Trade Except for March, AprilReuter - 192 words
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Article103 1977-06-10 3 Reuter ROME, Thurs. UK Chief Treasury Secretary Joel Barnett said he thinks Britain will be able to reach a phase three pay agreement, allowing it to get inflation down to single figures by the middle of next year. He told a press conference Britain's current accountReuter - 103 words
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281 1977-06-10 3 Reuter ROME, Thurs. The Italian Government announced It Is cutting by half to 25 per cent from 50 per cent from today the proportion of the value of exports sold on credit which exporters are obliged to finance In foreign currency. The obligation was firstReuter - 281 words
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171 1977-06-10 3 Reuter ZURICH, Thurs. Swiss foreign exchange reserves rose 638 million francs (Ss63l million) to 12.90 billion in the week ended June 7, the National Bank said. The bank said It took in dollars through spot intervention on the foreign exchange market as well as throughReuter - 171 words
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Article44 1977-06-10 3 Reuter LONDON, Thurs. Bank of China officials are this week meeting senior London commercial bankers, banking sources here said. A Bank of China spokesman and officials of London clearing banks declined to comment on the purpose of the Chinese delegation visit. ReuterReuter - 44 words
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Page 2 Advertisements
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Advertisement193 1977-06-10 2 Introducing the new IBM low-cost computer for businesses ofalf sizes. i' liß 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 put193 words
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Page 2 Miscellaneous
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Miscellaneous51 1977-06-10 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on June 9 at Singapore airport. Maximum Temperature 31.0° C Associated Humidity 70 Minimum Temperature 23.7° C Associated Humidity Hours of Sunshine 2.45 Rainfall in Millimetres trace Total Rainfall for the Month 104.5 Total Rainy Days for the Month51 words
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Miscellaneous264 1977-06-10 2 RADIO TV SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee The Other Woman (Pt. 2 of a Mandarin film with superimposed English/ Chinese subtitles Repeat) 3.50 Diary Of Events (Chinese) 3.55 The Beverly Hillbillies The Hote Rod Truck t( Repeat) 4.20 Intermission 6.05 Opening announcements followed by Exercise264 words
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Page 3 Advertisements
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Advertisement213 1977-06-10 3 •slop to New Zealand. Non-slop comfort, stop service. Non-stop entertainment. There s only one way to get to New Zealand in one hop. Nonstop. The fastest way. The most comfortable way. Every Tuesday and Saturday. Air New Zealand takes you there. In wide-bodied DC-10's. With non-stop service because passenger capacity213 words
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COMPANY NEWS
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480 1977-06-10 4 JUDGING by its 1976 report, Matsushita Electric (Malaysia) easily maintained an even keel despite a "difficult" year, according to chairman Tan Sri Hajl Mohd Noah bin Omar. In particular, he notes In his annual report the company faced continued rising costs of production and480 words
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LATEST RESULTS
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40 1977-06-10 4 Consolidated pre-tax loss M 52.88 million ($3.21 million) for the year ended Dec 31, 1976. HOTEL ROYAL Consolidated loss from operations $305,261 making accumulated loss $5.74 million for the year ended Dec 31, 1976.40 words
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Article37 1977-06-10 4 Pre-tax profit M 51.44 million ($971,889) on turnover $3.28 million ($2.21 million) for the year ended Dec 31, 1976. Final dividend 20 per cent (same) making total 26 per cent (same) for the year.37 words
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Article16 1977-06-10 4 Group operating profit $1.20 million ($600,792) for the year ended Dec 31, 1976.16 words
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Article23 1977-06-10 4 Unaudited pre-tax droflt M 51.04 million ($276,331) on sales $3.81 million ($2.72 million) for the first halfyear ended April 30, 1977.23 words
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Article17 1977-06-10 4 Conso- lidated pre-tax loss $605,239 (loss $330,063) for the year ended Dec 31, 1976.17 words
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480 1977-06-10 4 PRE-TAX profit at Datuk Keramat Holdings for the current year to Jan 31,1978, is expected* to continue Its climb after the marked growth of about 35 per cent to M 816.55 million for the year Just ended. At the back of this optimism480 words
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957 1977-06-10 4 SUBSTANTIAL losses Incurred by wholly-owned Malaysian subsidiary, Hargill Engineering, was the main cause of Harper Gilfillan's severe profit setback last year. The Hargill losses could not be offset for taxation and resulted In the drastic 84 per cent fall In group net957 words
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Article792 1977-06-10 4 Currant Ex Date Total for Total for payment Dale payable the year previous year C.K. Tang 8* May 13 June 10 8% 3H Hongkong Land 4.4* May 4 June 10 6.6% 5.8H SEA Corps 25H May 13 June 10 35H 30% Apollo Eat. 5* May 16 June 11792 words
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Article190 1977-06-10 4 BOUBTEAD Unochrome Australia said its board recommended shareholders accept a takeover bid designed to bring all the Australian operations of Bousteadco Singapore under the umbrella of a new company, Boustead Australia. The company said an Independent committee appointed to consider the offer, advised by Hill Samuel190 words
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COMPANY MEETINGS
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Article23 1977-06-10 4 THE following company meetings are due: June 10, 11 a.m., 4th Floor, Bangunan MIDF, 117 Jalan Am pang, Kuala Lumpur.23 words
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22 1977-06-10 4 June 10, 12 noon Registered Office, 9th Floor, Bangunan Hong Leong, 117 Jalan Bandar. Kuala Lumpur.22 words
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15 1977-06-10 4 June 11,12 noon, RegtaUred Office, OCBC Centre, Chulla Street, Singapore.15 words
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21 1977-06-10 4 June 13,11 a.m.. Registered Office, at Jalan Utas, Batu Tlga Industrial Estate, Shah Alam. Selangor.21 words
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Article15 1977-06-10 4 June IS, 10.30 a.m.. Registered Office, at Jandarata Estate, Teluk Anson, Malaysia.15 words
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Page 4 Advertisements
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Advertisement210 1977-06-10 4 How well doyou know your Australian Birds? The Qantastie 'One stop to London' bird. Starting June 16th. A m V frffi "v.. l»» gm fj iV vv S <T 5.1 v> r u Va •J 4a h r. Srafer V I<' n V i\\ v %e y i Commencing June210 words
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Article255 1977-06-10 5 ASIAN COMPANIES Reuter PERTH, Thurs. Metramar Minerals has started discussions with Australian Anglo American with a view to re-negotln-tlng Its position In the Blv.e Spec gold-antimony Joint venture In Western Australia. Metramar said It expects an agreement to be finalised shortly. The discussions result from theReuter - 255 words
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Article87 1977-06-10 5 Reuter TOKYO, Thurs. The Tokyo Stock Exchange said the outstanding balance of buying in margin trading on the Tokyo, Osaka and Nagoya stock exchanges as of June 4 fell to a year's low of 780 billion yen from the previous low of 793 billion a weekReuter - 87 words
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Article185 1977-06-10 5 Reuter Reuter MANILA, Thurs. Atlas Consolidated Mining and Development said It sold 20,000 tonnes of copper concentrates worth almost US$lO million to North Korea. Vice president and treasurer Mr. Juan de Ibazeta said the sale Is Atlas's first to North Korea since It started diversifyingReuter - 185 words
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Article33 1977-06-10 5 HONGKONG, Thurs: Mai Hong Enterprises has declared an Interim dividend of four HK cents for the year ended March 31, 1977 compared with four cents for the nine months33 words
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Article35 1977-06-10 5 Reuter PARIS, Thurs. —Australian Mining and Smelting Ltd, 100 per cent subsidiary of Conzlnc Rlotlnto of Australia will offer US$3O million of debentures due 1992, Morgan Stanley International said, as joint lead manager. Reuter.Reuter - 35 words
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Article157 1977-06-10 5 AP JOHANNESBURG, Thurs. Trading losses of the South African Iron and Steel Corporation (Iscor) are expected to exceed US$57 million at the close of its worst year this month, reliable sources said here. They said the main reason for the bie deficit was the virtual rollaDse ofAP - 157 words
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Article96 1977-06-10 5 Reuter LONDON, Thurs. Oesterreichische Kontrollbank said it is planning to Issue US$4O million of six-year guaranteed floating rate notes at par In the international capital market. The notes will bear Interest calculated six monthly at 1/4 per cent above London interbank offered rates and will beReuter - 96 words
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Article95 1977-06-10 5 Reuter PARIS, Thurs. Natural gas deliveries from block 1.7 of the Dutch sector of the North Sea began yesterday with production expected to build up to an annual rate of around 1.2 billion cubic metres, Ste Natlonale Elf Aquitaine said. Petroland, Dutch subsidiary of ElfReuter - 95 words
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Article72 1977-06-10 5 Reuter TURIN, Thurs. Flat car production has returned to normal In recent days after transport workers ended strikes which had been holding up supplies, a company spokesman said. No formal agreement has been reached between management and transport workers over demands, which include extra monthlyReuter - 72 words
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Article48 1977-06-10 5 BUENOS AIRES, Thurs. The Argentine YPF state oil corporation has struck oil In a new area about 2,100 km south of here. An onshore well, 1,655 metres deep, is yielding some 500 barrels a day In Lacuna Los Capones around 240 km north of the Magellan Straits.48 words
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Article162 1977-06-10 5 Reuter i LONDON, Thurs. Sears Holding expects a considerable Improvement in the current year at Its tonmak*c US subsidiary Sears Industries, chairman Sir Chart* Clone said in his an-i nual statement. Reorganisation and injection of capital into the linen hire, industrial laundries and knit-wearReuter - 162 words
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Article101 1977-06-10 5 AP NEW YORK, Thurs. The British company International Computers Limited ICL) Intends to increase its share of the US market fivefold by 1980. Mr. Geoffrey Rowett, chairman of ICL, said that his firm Is to launch a big sales drive to expand the marketing of itsAP - 101 words
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Article80 1977-06-10 5 LONDON, Thurs. MEPC made a pre-tax profit of £3.97 million for the first half-year ended March 31, 1977 compared with £1.52 million previously. At the attributable level, the company reported a significant turnround from a previous loss of £1.76 million to a profit of £365,000. The company80 words
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Article49 1977-06-10 5 Reuter PARIS, Thurs. Electrlclte de France said It will borrow 800 million francs through a 11 per cent 15-year bond yielding an effective annual 11.14 per cent. The bond will be redeemed in 14 equal annual instalments with final redemption at par on March 20, 1992. Reuter.Reuter - 49 words
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Article1225 1977-06-10 5 On June 8 TRADING In put and call options on the Chicago Board Options Exchange totalled 90,003 contracts on Wednesday compared with 83.623 contracts on Tuesday. option. n.r OCT JAM STOCK Alcoa so 41/4 9 UNTRD 93 9/8 Alcoa 00 1/10 1 11/2 93 9/8 Am Tel1,225 words
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144 1977-06-10 5 NORTH AMERICAN COMPANIES Reuter INTERNATIONAL TELEPHONE AND TELEGRAPH said Its board approved the previously announced definitive agreement setting the terms under which ITT will acquire Eason Oil. ITT said the transaction, which had earlier been approved by Easons board, Is subject to prior acceptableReuter - 144 words
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Article63 1977-06-10 5 Reuter TARA EXPLORATION AND DEVELOPMENT said that production at Its US$l5O million lead-zinc mine In Navan, Ireland will begin in about two weeks. The company said In its annual report that the Navan mine would operate in its first year at 50 per cent capacity ofReuter - 63 words
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Article179 1977-06-10 5 Reuter AVIS the car rental firm, said yesterday that the trustee who controls 47 per cent of its stock asked a federal Judge in Hartford, Connecticut for permission to accept an offer to buy the shares by the Norton Simon conglomerate. The company said thatReuter - 179 words
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Article568 1977-06-10 5 BANGKOK BANK Net 1976 Income 563.4 million baht (626 million) or 46.95 I baht per share (59.69). Pre--1 tax Income 824.9 million baht (904.9 million). Operating funds at end 1976 were 47.68 billion baht (42.22 billion). Cie Financier* de Sues Group 1976 net consolidated profit 424 million francs (292568 words
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Article157 1977-06-10 5 DESPITE foreign exchange losses of US$2.l5 million, Deere reported an Increase of about 10 per cent in net earnings for the second quarter ended April 30, 1977. Net earnings rose to $91.96 million or $1.53 a share from $83.89 million or $1.41 a share in157 words
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Article38 1977-06-10 5 Reuter THE 150 million mark seven year Eurobond for the Province of Manitoba will carry a 6% per cent coupon, lead manager Westdeutsche Landesbank Qlrozentrale said. The issue Is the province's first mark Eurobond offering. Reuter.Reuter - 38 words
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Article265 1977-06-10 5 Reuter RESORTS INTERNATIONAL said it expects to complete the expansion and renovation of the Palace Hotel In Atlantic City, New Jersey, required to meet the state legislature's qualifications for opening of a casino by early fall. But the company said timing of the actual opening will depend onReuter - 265 words
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Page 5 Advertisements
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Advertisement96 1977-06-10 5 <"S MfICVI STCHTNE from The United States A bevy of stunning beauties, each with talent that unleashes on you like hissing steam. Put them together and you get the sassiest song V dance show in town. The Love Machine backed by the powerful sounds of their own band all geared96 words
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Advertisement451 1977-06-10 5 Metal Box Singapore Limited (Incorporated in the Republic of Singapore) COMPANY ANNOUNCEMENT The audited results (in thousands) of the Group for the year ended 31st March 1977, after providing for depreciation of $1,289 (1976 $1,234), are as follows:Profit before Tax Less Taxation Profit after Tax Extraordinary items Prior year adjustment451 words
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Article2170 1977-06-10 6 1*77 High Low Last Sal* +9TOr'* dW Dfe eSr Chr'a yli Nat P/E Val (••W) Day High La* 8ECTION ONE 140 133 204 92* 212 101 198* 183 219 392 130 127 204 58 212 57 155 152 182 350 Acma Ac ma A Alcom Allied Choc2,170 words
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Article1368 1977-06-10 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 "Bett." Rig Board1,368 words
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Article1404 1977-06-10 6 BID and otter 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 A Item (1.708 1 768). A. Chat <0.888). A.R.I. 10.87B) (341,404 words
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Article88 1977-06-10 6 STRIKING ■rioaa at the stock optioas officially listed on the Stock Frrhaage at Siagapore. the perieda, bid aad offer pricea aad buaiaeaa done yesterday, with the number of options traded shown in brackets. ekc, J»e (June $2.40) off** 0 10, (1) 009 (Sept $2.40) (0.11B) 0.U.8. (June $3.50)88 words
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Article140 1977-06-10 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers' prices for Jam i 18) (Current prices) The Commerce. 1.04 1 73xd INCOME BOND 105 1.11 The Saving Fund 0.90 0.95 MARA BUMIPUTRA FUND (Managers' prices lor June 19) 8'pore Prog Fund 0.82 0.87 S'pore Security Fund 1.40 1.54 First Bumlputra140 words
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Article135 1977-06-10 6 B O T 7 5/8% IW4 (100,000) (98*B 98HS) B O T 8 1/2% 1981 (100,000) (102'<B 103S) D B 8 8 1/2% 1962 (100.000) (100HB 101 *S) DBS Converts 1/2% 1991 (100.000) (988 98V,S) E I B 9% 1982 (100,000) (1038 103*8) E I B 8 1/4%135 words
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Article145 1977-06-10 6 Kep Spore U Mark 7% 1982 (100,000) (100*.B 101 *S) Rep Spore D Mark S 1/2% 1963 (100.000) (98*<B 99*8) Rep Spore 7 3/4% 1987 (100.000) (99 7 «B 100^S) 5 1/2% 1/4/78 (250.000) (101.40B) 5 1/2% 15/4/78 (250.000) (101.508 101.655) 5 1/4% 15/7/78 (250.000) (101.508 101.575) 4145 words
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Advertisement155 1977-06-10 6 mWWMOODWM MOL With MM PUBLICAJIONS HOMfSTUDItS DIVISION Inst of Admipistrative Management Inst, of Bankers (Conversion Course is available) Inst, of Chartered Secretaries and Administrators Inst of Statisticians LIT PTA ERA MA SCRI NET MCE/KSC SCGCE/GCE 'A' Levels London GCE '0' and 'A' Levels A.E.B. GCE 'C end 'A' Levels Qualifying155 words
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Article, Illustration591 1977-06-10 7 THE market ruled hesitant with some evidence of the recent speculative tide -•bating en the Stock Exchange of Singapore yesterday. Most shares reacted lower in the morning bat recovered some of the losses on scattered buying. A sharp recovery in the last hour of trading suggested that the591 words
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Article420 1977-06-10 7 FURTHER liquidation and profit-taking activities continued to depress values across a wide front on the Kuala Lumpur stock market yesterday. An early round of buying, failed to gather strength, and before long, the market headed lower again. Prices continued to weaken In the afternoon as420 words
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INTERNATIONAL STOCK MARKETS
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Article363 1977-06-10 7 HONOKONO: The market closed generally slightly higher In moderate trading on Thursday. although blue chips were mixed, dealers said. The Hang Seng Index was up 2.35 points to 448.42 points. JiWlm Mstbss— rose 10 to $15.90 and Whsslsch Martini five to $2,825. Swire Pacific was unchanged while Hsegfceeg Baak363 words
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Article506 1977-06-10 7 TOKYO: Share prices closed mixed In moderate trading on Thursday, with blue chips and populars giving up some of early gains towards the close, dealers said. The Dow Jones average gained 0.47 to close at 4,955.30 with volume 180 million shares. The new Index closed at 375.06, down 0.06.506 words
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Article412 1977-06-10 7 SYDNEY: The market was little changed In dull trading on Thursday, dealers said. The Sydney All-Ordlnarles dropped 0.15 points to close at 460.36 points. T.A Field rose 45 cents to $1.45 on the bid from Amatil, while Amatil rose two to $1.80. Among minings, Psaceatinen Lai rose 10 to412 words
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Article186 1977-06-10 7 MANILA: The market on Thursday closed lower across-the-board on the profit-taking following the sharp gains earlier this week, with turnover also falling, dealers said. Atlas and Mariaduqne lost three points each and PhilM closed four points on the lower on US copper price, while the commercial sector also fell.186 words
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Article100 1977-06-10 7 Ma Fibre m Ml •1 unch '»t < fTirTTwIW Bangkok In*Mt. I'M -2 Bangkok-Metro-politan Bank Bate 4MB BerllJucker 200 -2 Charoong Thai 167 -1 Wire Dumex DuaitThani 2006 ♦t Faber Merlin First Trust In do-Thai 1806 unch Industrial Finance Corp 1206 J And J Ho 193 unch Jalaprathan ♦1100 words
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Article303 1977-06-10 7 AMSTERDAM: The market generally closed slightly firmer on Wednesday following Wall Street's overnight recovery, bourse sources said. However, in aulet trading Akao lost 0.30 guilders In firmer Dutch Internationals. Elsewhere, gains were led by Nedlloyd, KLM, Heine ken and Elsevier. Insurances declined, except for National Nederlanden, which was 1.20303 words
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Article152 1977-06-10 7 BRUSSELS: Share prices closed mixed in quiet trading on Wednesday, bourse sources said. Reserve, EbctnM, Hoboken and Arbed rose which Clabecq, Solvay. (JCB. Cometra and CBR were higher and gold shares remained steady. In foreign stocks UK. German and Dutch ftre little changed. French fell But US shares were152 words
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Article293 1977-06-10 7 FRANKFURT: Shares closed mostly up to two marks higher on Wednesday, following higher Wall Street and a mixed bond market trend after Tuesday's weakness, market sources said. Luftkaasa ordinary shares rose 3.80 marks and preference shares 3.50 marks, while in electrical Blssmm gained three marks. On the bond market293 words
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Article72 1977-06-10 7 MILAN: For the fifth session running striking bourse clerks are preventing quotations on the Milan Stock Exchange, bourse sources said on Thursday. A meeting between representatives of the bourse clerks and bourse commission (Consob) chairman Oas ton Mlconl on Wednesday failed to achieve any solution to the present strike.72 words
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Article329 1977-06-10 7 PARIS: Prices retreated on Wednesday on fears the government may Impose antl-lnflatlon levies on Industry following rises In manufactured product prices, dealers said. They said all sectors fell, with electrtcals particularly affected Elsewhere. MictoUa, Carrefour. Bouyguea, Peugeot, Cie Base aire, Rousael Uclaf, BBN and BIC week weak points. US329 words
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Article283 1977-06-10 7 ZURICH: The market closed narrowly fixed in very quiet trading on Wednesday, dealers said. Leading banks and Insurances were little changed. Schindier Dearer was weaker among flnanclals after announcing flat first quarter Incoming orders and sales. Elektro-Wstt also eased, but Oerlikon-Buehrle. traded exdlvldend. recouped Its coupon closing very steady.283 words
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Article338 1977-06-10 7 TORONTO: The market closed higher on Wednesday In moderate trading but surrendered some gains late In the session Metals led the advance, gaining ten points on Index. Advancing Issues outnumbered declines 240 to 158 Consumers' Gas, which plans to Increase Its Interest In Hone OU. rose to 15*. Home338 words
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Article371 1977-06-10 7 JOHANNESBURG:GoId shares moved easier on Wednesday afternoon, following lower bullion indications and overseas selling Interest, dealers said. Financial minings tended »tly easier In sympathy with i. De Dun was four cents off at 410. Coppers were slightly softer where traded. Platinums were steady. Other metals and minerals were generally371 words
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Article1063 1977-06-10 7 NEW YORK: The stock market moved forward again in active trading on Wednesday, but gave up some of the gain in the final hour. Analysts attributed Wednesday's advance to bargain hunting In the oversold growth Issues. The Dow Jones industrial average, which was up more than six points1,063 words
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Article69 1977-06-10 7 FINANCIAL TIMES INDUSTRIAL Wednesday 455.7 Tuesday 457.8 Week ago 448.6 IK)W JONES AVERAGE INDUSTRIALS Wednesday 912 99 Tuesday 908.67 Week ago 908 55 LONDON DOLLAR PREMIUM Wednesday 118 to 118W Tuesday 118 1 z to 119 H.K. HANG SENG Wednesday 448 07 Tuesday 448.10 Week ago 443.32 SYDNEY INDUSTRIALS69 words
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Article108 1977-06-10 7 WASHINGTON, Thurs. President of the Securities Industry Association Mr. Edward I. O'Brien said talks between Industry sectors regarding development of a national market system have been disappointing. In a speech prepared for delivery before the National Economists Club in Washington, he said the securities Industry can108 words
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Advertisement123 1977-06-10 7 wmm. < t 1 'II \**> Ms*. |is<H > gpSIM p <Bsffl >• v Hi mi mam ft-. «/*;V; mfgjzi L v«?» L-. s&s t ft? ,v S stem i«to*3 35K2F5," J- ,r, ~;*1 A Jm^£l r Enrol now with FEDERAL PUBLIC A TIONS Home Studies Dinskm for the following123 words
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Article304 1977-06-10 8 OPENING quotations in the Singapore rubber market yesterday were about unchanged and thereafter the market traded slowly with operators adopting a wait-and-see attitude. First business was done at 197.75 cents for July after which very quiet conditions prevailed for the rest of the session. Some304 words
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Article29 1977-06-10 8 Rubber: June 9 Singapore: July 198.00 cts (up OiOcL) Malaysia: July 199.00 cts (up 0.7S ct) Tin: $1,444 (down $4) Official offering: 197 tonnes (up li tonnes)29 words
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Article282 1977-06-10 8 Int. 1 R.8.8. prompt f.o.b. Int. 1 R.8.8. July Int. 1 R.8.8. August Int. 2 R.8.8. UK/Cont. Int. 3 R.8.8. UK/Cont. Int. 4 R.8.8. UK/Cont. Int. 9 R.8.8. UK/Cont; Noon (per kilo) Buyers Sellers 194.50 195. SON 197.50 198.00 200.25 200.75 192.00 194.01m 191.00 193.00N 188.00 190.00N 187.00282 words
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Article84 1977-06-10 8 R.A.S. (Cuii—I Mth) (Forward Mtfc) (oi Up* kg) (cm Upwkg) SSR 20 (1 -ton Pallet) 194 50 196.50N 196.00 196.00N SSR50 (I -ton Pallet) 192.00 194.00N 193.50 196.SON M.R.E.L.B. SMR5CV (1 -ton Pallet) 219.00 221.00N 220.00 222.00N SMR5L (I -ton Pallet) 217.00 219.00N 211.00 220.00N SMR 584 words
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Article212 1977-06-10 8 BANGKOK, Thurs. Indicative prices for rice quoted hoe were: US dollar* per tonne fob btiU Bangkok White Rice: 100 per cent lit clan 295 100 per cent 2nd 280 100 per cent 3rd 270 5 per cent 263 10 per cent 240 15 per cent 237 20 per cent212 words
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Article189 1977-06-10 8 LONDON, Thurs. Terminal opened quiet £2 to £13 down In sales of 193 lots. Dealers said the market was expected to be little changed In view of the comparatively stable New York market and lack of fresh news. Light profit-taking was fairly well absorbed and after trading down to189 words
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Article650 1977-06-10 8 DESPITE the resumption of trading in London after the holidays on Monday and Tuesday, the majority of Singapore's commodity dealers yesterday were still reluctant to trade. Most commodities opened In the London market on a hesitant note and trading volume was low. Singapore prices were considered slightly on650 words
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Article258 1977-06-10 8 LONDON, Thurs. Moderate selling, following New York's easy close touched off profit-taking and stop-loss selling at the opening but by end call this had dried up and scattered buying and small amounts of self trading emerged. Prices ended £105 (Sept £2,882) to £84 down on last night 588 lots258 words
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Article74 1977-06-10 8 SHIPMENT of Straits refined tin from Penang for the month of May 1977: Destination Shipped Afloat Shipped tonnes tonnes tonnes Africa 10.00 Australasia 36.00 48.00 Canada 10.00 30.00 Continent 840.50 55.00 9,688.50 India 409.50 150.00 790.25 Japan 1,0.16.00 265.00 5,936.50 West Asia 32.00 43.00 273.50 Pacific 201.00 25.0074 words
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Article257 1977-06-10 8 THE Straits tin price In Penang yesterday was down $4 to $1,444 on an official offering up 11 tonnes to 197 tonnes. The market eased In line with lower overnight London metal prices and continued lack of consumer demand, they said. In LONDON yesterday morning, tin fell257 words
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Article188 1977-06-10 8 LONDON, Thurs. Terminal opened £1.55 to £0.15 down In sales of 807 lots. Dealers said the market was Irregular with followthrough selling In the nears from last nights easier kerb meeting some trade buying resistance. The sale of Morocco of two cargoes of raws at comparatively cheap prices may188 words
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Article74 1977-06-10 8 C.I.F. Rotterdam. US dollars per ton. LONDON: Witiniiy Pre*. Malaysia 5% ffa bulk Aug/Sept MS air MS sir Sumatra 5* May deleted MS pd June MS pd unch 975 pd July 670 pd MT.Mpd Aug S55 87SHMJHpd Sept unch SMpd •37 50 pd No* unch < Nigerian i%74 words
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Article267 1977-06-10 8 HONGKONG, Thurs. Cotton futures closed lower In fairly quiet trading, following the overnight decline In New York, dealers said. October showed the largest loss of 1.98 US cena, and other months fell 0.77 to 1.49 cents. May remained un traded and total turnover fell to 32 lots from267 words
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Article209 1977-06-10 8 CHICAGO, Thurs. Soybean futures dropped sharply in early trading yesterday and were down 251/2 to 21 1/2 cents a bushel around mldsesslon. Speculative selling appeared at the opening to drop prices and declines were extended quickly on heavy commission house stop-loss selllna. Soybean futures closed with limit losses of209 words
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Article109 1977-06-10 8 CHICAGO, Thurs. Wheat futures were off one to 1% cent a bushel around mid-session yesterday on a light trade. Prices eased at the opening, with weakness In soybean futures contributing to selling Ideas but the market was supported at, or fractionally above, seasonal lows. Some of the support was109 words
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Article403 1977-06-10 8 LONDON, Thurs. Copper fell by mostly £21 In the morning. Lower overnight US futures, continued poor consumer offtake, the further decline In leotd and easier gold all combined to depress values during the morning session, dealers said. Three Months traded down to £760 In the premarket under a burst403 words
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Article388 1977-06-10 8 THE Singapore gold market was Influenced by weaker closing level In New York. The kilo bar opened at S$U,3OO and short-selling pushed the price down to close at 5i11,270. In the loco London market, the metal opened at U*****.60/ 141.90 and selling pressure In the afternoon brought the price388 words
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Article222 1977-06-10 8 LONDON, Thurs. Silver finished with losses of 5.6 to 5.5 pence In the morning. Values were marked down at the outset of the premarket reflecting the overnight drop at New York, dealers said. The trend In base metals and lower gold dampened sentiment further, they added. By the close222 words
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Article100 1977-06-10 8 LONDON, Thurs. Lead lost £13.50 for cash and £16 for Three Months In the morning. Renewed liquidation, stoploss and chart selling ?>ut the market under urther pressure and Three Months traded from £320 In the pre-market down to £312 In the ring. On the kerb, £311.50 was paid for100 words
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Article111 1977-06-10 8 LONDON. Thurs. Zinc In the morning fell by £5 for cash and £4.50 for Three Months. This metal followed the general trend with Three Months trading down to £300 per tonne In the pre-market before finding substantial continental trade buying at that level and staging a partial recovery. In111 words
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MONEY AND EXCHANGES
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Article442 1977-06-10 8 THE US dollar was traded down by a yen In the Singapore foreign exchange market yesterday. From the opening of 274.20/30 In Singapore, the dollar fell with heavy selling of the US unit by banks In Singapore and Tokyo to hit 273.90 by lunch time here. When the London442 words
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Article50 1977-06-10 8 ACBC cv. First Chicago m Batok CH Citibank 7 HSBC Bank of Amarica m Indwufi Buk at China 7 g SH Bank at Toky «H Mitsui Bank (H Bank Ne»ara OCBC Itdoaoia 7 OUB rhirtmd Bank «v. UCB 7 Oua Manhattan IVi UMBO 7 DBS «'i UOB50 words
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Article159 1977-06-10 8 Asian rates ASIAN currency deposit Interbank rates as at cloee on June 0 USDollai ra(SvM) Offcr Bid 7 days 5 9/16 5 7/16 1 mth 5 5/« 5 1/2 2 mths 5 13/19 5 11/16 3mths 5 7/1 5 3/4 6 mths 6 1/4 6 1/1 8 mths 6 7/16159 words
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Article87 1977-06-10 8 HONOKONO, Thurs. The U8 dollar was quiet, closing at HK94.8850/70 against yesterday's 4.8880/80, dealers said. The yen was slightly firmer at 273.95/05 from the 274.12 equivalent New York clow, while the mark also firmed to 2.3558/85 from New York's 2.3582, they said. T7< i HONOKONO banknote* quoted on June87 words
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Article106 1977-06-10 8 Euro rates LONDON, Thurs. Eurodollar deposit trading opened slowly with most rates little changed, dealers said. Later periods between Three and Five months generally firmed 1/18, while One Month gained 5/18 and Two Months 1/8 reflecting the loss of the Friday dealing technicality. Shortdates were basical- ly unchanged from the106 words
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Article212 1977-06-10 8 LONDON, Thurs. The yen strengthened In fairly active early trading here reflecting a stronger close In Tokyo, dealers said. A growing Japanese trade surplus In fiscal 1977 Is contlnuing to buoy the Japanese unit, dealers said. The dollar, weaker against the yen also eased against European currencies though trading212 words
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Article172 1977-06-10 8 NEW YORK, Thurs. The US dollar yesterday closed little changed In quiet trading here, with the yen and Canadian dollar the most active features, dealers reported. The yen rose to 0.3647/49 cents at the close from an opening 0.3639/41, after reaching 0.3648/50 In the morning on continuing optimism172 words
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Article112 1977-06-10 8 TOKYO, Thurs. The yen fluctuated In active trading as export and Import covering alternated reflecting an uncertain market, dealers said. The US dollar for overnight delivery closed at 274.00 yen, down from 274.30 at the opening and 274.90 at yesterday's close, after a day's low of 273.60, dealers said.112 words
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Article58 1977-06-10 8 AUSTRALIA/NZ exchanges on June 9 Australia: Sterling 0.6476 0 6407 US dollar 1 1005 1.1047 Ninety-day air mall buying rates: Sterling 0.6662 US dollan 1.1346 Ninety-day forward buying rates: Sterling 0 6482 U8 dollars ***** New Zealand: Sterling 0 5605/ 0 5574 US dollar 0 967# 0 9S7S Ninety-day58 words
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Article44 1977-06-10 8 ZURICH exchanges closing quotes on June 8 US 2.4900-4906 UK 4.2738-2776 Can 2.3590-3594 W Oerm 106.40-56 Neth 100.79-87 France 50.33-36 Ble« 6.88*-80* Denm 41.27-31 Norw 47 25-29 Bwed 58.86-40 Italy 0.2810-8812 Austria 14 80-83 Port 6.43-46 Spam 3 59*-60* Arf 0.86-70 Japan 0.8078-888344 words
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Article44 1977-06-10 8 THE Frankfurt exchanges market wis closed jsl sr day The foilowlnt ctoatnc quotes are for June 8. US 1.30T8/80 Can 2.2380/78 UK 4.888/067 Neth 86.40/86 Swlt 94 88/78 Italy 2.000/086 France 47.07/77 Japan 0 8687/0812 Beit com 0.83/84 Belt On 6.88/86 Norw 44.71/78.44 words
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Article284 1977-06-10 8 LONDON, Thurs. Straight dollar Eurobonds were to v« firmer In quiet trading reflecting the holiday in some European centres. Convertible dollar Eurobonds continued firm, following the trend on Wall Street. LONDON Eurobond price* on June Strsicfcu BM Ofhr Austria B*. 90 101* 101* Bell Canada 8* M IMS284 words
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Advertisement43 1977-06-10 8 PLEASE REMEMBER! CHANGE OF ADDRESS AND TELEPHONE NUMBERS Asia Research 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
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593 1977-06-10 9 FIRST SUPER TANKER LAUNCHED KAOHSIUNG (Taiwan), Thursday Reuter THE first super tanker ever built in Taiwan, the 445,000 tonne Burmah Endeavor, has been launched here, marking Taiwan's entry into the major league of competitive shipbuilding. i ne US$75 million (SslBo million) vessel, the firstReuter - 593 words
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165 1977-06-10 9 AFP LONDON, Thurs. Ford was the leading motor Importer in Britain last month accounting for 6.49 per cent, or 7,914 cars, of the home market, statistics showed yesterday. Then came Japanese Datsuns (7,767 units, 6.37 per cent), France's Renault Company (5,452, 4.42 perAFP - 165 words
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220 1977-06-10 9 WITH some of the West Asian states building new airports or upgrading facilities at existing airports, the tourist traffic from West Asia to Asean countries should Increase. The International traffic to West Asia, writes Mr. Austin Morals, an economist with H.N. Development,220 words
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Article69 1977-06-10 9 MACGREGOR, the International cargo transfer and access equipment company, will be demonstrating and displaying their latest roll on/roll off (ro-ro) equipment during the Ro-Ro V 7 Conference to be held at the Hilton Hotel in London, from June 21 to 22. The MacGregor exhibits, which will be displayed69 words
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Article100 1977-06-10 9 Reuter RENTON, Thurs. Boeing Commercial Airplane Co said It has received orders for five additional 727-200s from Ansett Airlines of Australia and Trans Australia Airlines. Boeing said each of the carriers now operates seven of the 727-200 as well as a number of earlier 727-100s, whichReuter - 100 words
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Article61 1977-06-10 9 AFP HONGKONG, Thurt. China and France have Initialed an agreement on reciprocal exemption of duties and taxes for aviation enterprises, the New China News Agency (NCNA) reported yesterday. The agreement was signed during a week-long visit in China of deputy director of the General Office of Duties ofAFP - 61 words
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Article, Illustration434 1977-06-10 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Caprlcon (0600 after Crlkyenlca) 46 Eugenlusz Kwaitkowski (1500 after Turkmeniya) 47 Fernandoeverett (after Kanazuru Maru) 15/16 Golden Source (1500 23 Hoegh Elite (2300 after Hosei Maru) 31/32 Kim Ann (0600) 1/2 Luna Maersk (after Kapltan Kamlnskly) 33/34 Relyo Maru (0300) 19 Sing Tao434 words
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254 1977-06-10 9 Reuter FRANKFURT, Thurs. South Korean officials will shortly leave for Stockholm to complete i US$l5B million (***** million) ship financing deal, Mr Shim Hyungsup, chief of the international organisations division at the Ministry of Finance, told Reuters. Mr. Shim, in Frankfort'Reuter - 254 words
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Article37 1977-06-10 9 AFP CAIRO, Thurs. Machhour Ahmed Machhour. president of the Suez Canal organisation, will go to Riyadh tomorrow to conclude a US$5O million (Ssl2o million) loan for widening and deepening the canal. AFPAFP - 37 words
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595 1977-06-10 9 UPI DETROIT, Thurs. If Detrolts carmakers were not doing so welt, you could bet they would scream about the record number of cars foreign manufacturers have sold in the United States this spring. For the past three months, imports have set, then broken, monthlyUPI - 595 words
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342 1977-06-10 9 Reuter NEW YORK. Thurs. British Airways and Air France yesterday accused the United States Government of failing to assert its full powers lit the fight over whether Concorde should land here, while the owners of Kennedy Airport complained that Washington was InterferingReuter - 342 words
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Article185 1977-06-10 9 AP PARIS, Thurs. Serge Dassault, general commissioner of the Paris Air Show, said yesterday both the pilot and the aircraft will be grounded If flight demonstration regulations are broken. He also said that pilots will be told to land Immediately If they deviate from theirAP - 185 words
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Article241 1977-06-10 9 AP LONDON. Thurs. River Plate grain rates were seen to decline slightly as the 47,000-tonne Mount Plndos and a 44.000 tonner both accepted the 25-cents lower figure of U5515.50 (5,000 tonnes discharge free) for July shipments to Japan. Smaller vessels also took discounts on that route suchAP - 241 words
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Article78 1977-06-10 9 A NEW publication from CTI-Contalner Transport International, "Contalnerlsation: The Future" Is now available. It looks at the major opportunities and problems likely to face the container industry in the coming decade. It is written by Dr. David Fox, president of CTI, and president and treasurer of78 words
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Article53 1977-06-10 9 FIVE Scan Dutch marketing executives from Europe were in Singapore last week, to familiarise themselves with shipping activities here. During their stay, they held discussions with the management of local ScanDutch agents, NedlloydEAC Agencies, on ScanDutch marketing and sales activities as well as on the competitive environment in53 words
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Article61 1977-06-10 9 MR. JERRY TAN. freight conference executive *pth Nedlloyd-EAC Agencies, will leave Singapore on Monday for a five-day orientation visit of the Nedlloyd Lines head office in Hongkong. He will study operations there which are relevant to his responsibilities In freight conference matters. Nedlloyd-EAC, as agents for61 words
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Article591 1977-06-10 9 ARRIVALS Q -i oervioe Operator Nuba Loca Ttan tl Ft— KAL KE807 0015 8EL MAS MH682 0810 KCH SIA SQ211 1015 HLP OIA OA90O 1030 HLP OIA OAOOe 1100 MES PAL PR501 1115 MNL SIA SQ240 1140 MES RBA BI32S 1155 BWN SIA SQ201 1200 HLP KLM591 words
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Advertisement101 1977-06-10 9 v' fi' V V. >' and yourself too! The extra low keyboard and a programmable memory that remembers standard typing layouts; plus automatic line spacing without carriage return to margin (simplifies typing of margin headings, scanning references, paragraph numbers etc) make typing so automatic she almost never needs take her101 words
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904 1977-06-10 10 KEVIN DUNN - By KEVIN DUNN SPAIN'S ailing economy threatens to slow down the country's march to democracy. The government of Prime Minister Adolfo Suarez has shown dexterity and courage in guiding the country to general elections on Wednesday. But in the view of many bankers. Industrialists904 words
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Article, Illustration841 1977-06-10 10 PAUL LEWIS - By PAUL LEWIS NYT THE men who hold the purse strings of the Western world are gathering here this weekend for an excellent free lunch. The lunch will be given on Monday by the Bank for International Settlements as part of the rituals surroundingNYT - 841 words
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776 1977-06-10 10 STEVEN RATTER - By STEVEN RATTER NYT WHEN a newly built unit goes into operation later this month at this Persian gulf oil centre here, what is already the world's largest refinery in area will become the world's largest in output. A new distillationNYT - 776 words
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1193 1977-06-10 10 LETTER TO THE EDITOR WE REFER to the article concerning the Survey of Business Expectation In the front page of the Business Times of Saturday, June 4. We wish to question the validity of the conclusion in the article that the Survey of1,193 words
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Advertisement36 1977-06-10 10 v > V'( SMiMP Peter Benchley > 'Better than JAWS, ever escalating shocks' -TIME 'Cracking entertainment' -DULY TELEGRAPH 'For the second time -the book you cant put down' -DAILY MAIL I Now on Sale at your regular bookshop36 words
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417 1977-06-10 11 BUSINESS TIMES, Friday, June 10, 1977 Reuter BANGKOK. Thurs. Securities Exchange of Thailand (Set) general manager Sukrl Keocharoen said he had recently proposed a series of tax measures to the Finance Ministry to encourage local companies to go public. The proposals were first submittedReuter - 417 words
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Article100 1977-06-10 11 AFP BANGKOK, Thurs. The Customs Department has raised taxes on imported ballpoint pens, tractor spare parts, aluminium screens, tin plates and laboratory glassware in a bid to help local producers of the same products. An official statement said taxes on imported tractor spare parts had been raisedAFP - 100 words
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Article81 1977-06-10 11 AFP BANGKOK, Thurs. The Board of Investment (BOI) received 23 applications last April for investments totalling 6,231 million baht (about ***** million) In value. A 801 report released today noted that the value of investments applied for in April was more than the total valueAFP - 81 words
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Article246 1977-06-10 11 AFP PENANG, Thurs. Thailand is not likely to allow the United States to reestablish military bases in that (Country, it was stated here last night. Foreign affairs adviser to the Thai Government Mr. Thanat Khoman said that although relations between the two countries had improved greatlyAFP - 246 words
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Article292 1977-06-10 11 Reuter MANILA, Thurs. The Philippines exported 135.540 tonnes of coconut products valued at U5569.7 million (SSI7I million) in May, up 9.9 per cent in volume and 164.4 per cent in value compared with May 1976, the United Coconut Association of the Philippines (Ucap) said. ThisReuter - 292 words
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Article326 1977-06-10 11 TWO Singapore trade missions to Europe have been sponsored by the European Economic Community (EEC) to encourage the sale of Asean goods in the EEC. Members of the two missions (one went in April last year and one left in April this year) were provided326 words
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Article197 1977-06-10 11 PAWNBROKERS in Singapore have experienced no marked Increase in withdrawals by depositors since the first reading of the Bill proposing amendments to the Pawnbrokers Act. When asked whether the members have come up with any plans to phase out the return of the present $80197 words
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191 1977-06-10 11 MR. VINCENT Lim. production manager of Mlnet Singapore, Jias been awarded the "Certified Manager" (CM) designation by the Institute of Certified Professional Managers. Trinity University, Texas. He becomes the first person outside the US to be awarded the designation. Mr. Lim, founder-presi-dent191 words
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Article89 1977-06-10 11 THE AMERICAN Ambassador, Mr. John H. Holdridge, will officially open the Electronics Industry Production and Test Equipment exhibition at the US Trade Centre on Monday. The four-day exhibition which features a wide range of the latest electronics production and test equip- ment from 25 US firms will be89 words
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Article76 1977-06-10 11 SEMBAWANG Shipyard Employees' Union will start a welfare loan scheme with a fund of $100,000 for the benefit of its members. The fund is built up from the profits of the union-run canteen. Members of the union, for emergencies, can borrow small funds of between $50 and $10076 words
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510 1977-06-10 11 PARENTS, employers, and trade jinionists muit become aware of the various types of trade certification that exist in Singapore to allow for greater development of trade skills in the Republic. The view was expressed by Mr. Ahmad Mattar, Parliamentary Secretary of the Ministry510 words
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243 1977-06-10 11 AFP HONGKONG, Tburs. US Secretary for Agriculture Bob Bergland today expressed great confidence in the futures market industry as a whole. "I believe it is the one truly open, free, uncomplicated, unfettered market place not only for cotton but for US commodities which areAFP - 243 words
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153 1977-06-10 11 AFP HONGKONG, Thurs. American investment* in Hongkong total more than USI2OO million (***** million), the director of the American Chamber of Commerce, Mr. Stanley Young, said today. He said as of April 30 this year, American plants represented 52.4 per cent of theAFP - 153 words
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Article123 1977-06-10 11 MR. MOHANLALT. Khanchand, also known as Mohan Tolaram, and two others filed a suit against Teesen Pte. Ltd. at the High Court yesterday. They were claiming $175,000 alleged to be due for shares sold to the defendant. Another suit filed by Mr. Neo Boon Lye, trading as Neo123 words
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Article294 1977-06-10 11 BANK Bumlputra and about 10 Japanese banks will be taking part In a US$52 million (SSI2B million) consortium financing for the Malaysian Government. A sum of US*22m is being put up by the World Bank and the remainder will be raised In eurodollar. Comanager294 words
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Article, Illustration280 1977-06-10 11 THE SHARP and violent rubber price fluctuations In the Singapore market during the first half of 1976 were caused by external factors, especially the sharp fall in the value of sterling. This was said by the chairman of the Singapore Rubber Association (RAS), Mr. Tan280 words
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117 1977-06-10 11 Reuter TOKYO, Thurm. Toyota Motor Co Ltd Mid it will introduce its multipurposed low-priced Basic Utility Vehicle (BUV) to the Indonesian market this month. The new truck-type vehicle, powered by a 1,200-cc engine and dubbed Toyota Kijang will be marketed through P.T. Toyota AstraReuter - 117 words
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Article114 1977-06-10 11 Reuter TOKYO, Thur». The Japanese government and the Mitsubishi Industrial group will probably start a detailed feasibility study In the near future on a Saudi Arabian petrochemical complex project, Japanese government sources said. Local press reports said the project will cost 500 billion yen (554.4.Reuter - 114 words
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Article73 1977-06-10 11 Reuter TOKYO. Thurs. Hitachi Shipbuilding and Engineering said It has been licensed by Peabody Holmes of the UK to use the "Stretford process" to clean exhaust gas at oil refineries. The 10-year non-exclu-sive contract allows Hitachi to market equipment using the process in Japan and 16 other AsianReuter - 73 words
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301 1977-06-10 11 UPI TOKYO, Thurs. Japan Air Lines (JAL) announced today the temporary suspension of its airlift of cattle from the United States to Japan pending comBletion of a probe by the US f atlonal Transportation Safety Board (NTSB) into a JAL cargo jetUPI - 301 words
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169 1977-06-10 11 UPI TAIPEH, Thurs. The Japanese government will not impose restrictions on China Air Line (CAL) flights to Haneda Airport once the new international airport in Narlta opens, informed sources said today. The sources said Mr. Toshio Itakura, president of Japan Asia Airways (JAA),UPI - 169 words
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Page 11 Advertisements
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Advertisement483 1977-06-10 11 APPOINTMENTS US Manufacturer of Packaged Consumer Products seeks dynamic Singapore based Sates/Marketrng Executive to cover selective Far East markets. Initial functions will relate d to promotion and sales of US made consumer household m products through distributors in the area. In addition the jS position involves investigation and establishment of483 words
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Advertisement82 1977-06-10 11 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up No. 52 Of 1977 la the Matter of the Com panic* Act (Chapter 185) In the Matter of Shoo Prasad Sharma Company (Private) NOTICE OF WINDING-UP ORDER In the Matter of SHEO PRASAD SHARMA COMPANY (PRIVATE) LIMITED. Wlndlng-Up82 words
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693 1977-06-10 12 SINGAPORE'S $250 million barge and tug fleet will sink in importance in servicing Indonesian shipping needs as Indonesia moves to build up Its own national shipping fleet. This worry weighs heavily on the minds of the operators of the Singapore fleet, as693 words
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Article786 1977-06-10 12 LONDON. Thurs. The stock market extended yesterday's losses on further smalt selling and at 3.00 pm the Financial Times index was down 7.9 at 447 8 Concern about a possible rise in interest rates was the main depressant but there was also some book.squaring at the end of786 words
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Article129 1977-06-10 12 Reuter LUXEMBOURG. Thurs. The World Bank Is expected to come to the market at the end of this week for its first dollar Eurobond, bond market sources said. They said the Issue, which will be for at least US$lOO million (***** million) will be timed toReuter - 129 words
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108 1977-06-10 12 MANILA, Thurs. President Marcos today met his top security advisers following a reported movement of Muslim rebels In a province in Southern Philippines and renewed clashes between government troops and communist guerillas In the north. The two-hour National Security Council meeting, attended by108 words
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230 1977-06-10 12 Reuter HONGKONG, Thurs. Hutchison International and Hongkong and Whampoa Dock Co have applied to Hongkong's stock exchanges to be requoted from Monday, a Hutchison spokesman told Reuter. A Hongkong Stock Exchange spokesman said the request would be granted. The boards of the two companiesReuter - 230 words
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Article57 1977-06-10 12 BANGKOK, Thurs. Owners of a textile plant destroyed In an airliner crash last Christmas will file US$B.5 million (SS2I million) suit against Egyptair. a company officialsaid today. Viraphol Adireksarn, manager of the Thai Textile Company, said he has filed preliminary data with a Bangkok court57 words
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Article216 1977-06-10 12 Reuter SEOUL, Thurs. South Korea's exports rose 3 per cent In May compared with April to US$BlO million (Ss2 billion) and were 24.7 per cent higher than a year earlier. Economic Planning Board figures showed. Imports financed from foreign exchange reserves excluding those on deferred paymentReuter - 216 words
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158 1977-06-10 12 UPI MANILA, Thurs. The owners of a Japanese tanker have agreed to pay U*****,000 (Ssl.oB million) in back wages to Filipino crewmen who diverted the ship to Manila last month, authorities announced toady. The agreement paves the way for the release of theUPI - 158 words
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Article160 1977-06-10 12 AFP JAKARTA. Thurs. Coal exploitation in Indonesia would not be economical for the next five years, but the government hopes to start exporting the hydrocarbon energy resources in 10 years time; Mining Minister Mohammad Sadll told a parliamentary commission today. The minister saidAFP - 160 words
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Article46 1977-06-10 12 AFP DAR ES SALAAM, Thurs. Tanzania yesterday unveiled its draft budget for 1977-78 and forecast expenditure of 9,523 million shlllings (about '552.800 million). Finance and Planning Minister Edwin Mtel said Tanzania expects to receive 2,227 million shillings in foreign aid for development projects. AFPAFP - 46 words
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347 1977-06-10 12 Reuter TOKYO, Thurs. Prime Minister Takeo Fukuda said Japan's economy will definitely take an upturn from around this summer. He told a meeting of Japanese businessmen and newsmen the Government will take flexible mea& to achieve Its goal of cent economic growth :or fiscal 1977.Reuter - 347 words
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Article166 1977-06-10 12 MR 808 Bergland, US Agriculture Secretary, will arrive in Singapore on June 13 for a three-day visit to the Republic. Mr Bergland. who is on a three-week, six-nation tour of East Asia will confer with the Minister for National Development, Mr Llm Kim San and166 words
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Article155 1977-06-10 12 KUALA LUMPUR, Thurs. The price of animal feed has increased by Msl a picul since June 1. hitting poultry and pig farmers In Malaysia. The secretary of the Federation of Livestock Farmers Associations. Mr. Low Kan. said farmers were losing on the sale of155 words
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Article166 1977-06-10 12 CHIEF executives in Singapore can look forward to becoming members of a select club to start here soon if they get a move on. Called the Young Presidents' Organisation, the club will only have as members those chief executives who have got to the top of166 words
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Article86 1977-06-10 12 KUALA LUMPUR, Thurs. Malayan Railway will import 100 special wagons from Korea this month to facilitate Its trackmaintenance work. Its director of commerce. Mr. T. Antoine. told a press conference today that the wagons, costing Msloo.ooo each, will each be able to carry 30 tonnes of ballasts86 words
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438 1977-06-10 12 AP WASHINGTON, Thurs. The US Government yesterday asked a federal appeals court to overturn an "erroneous and ambiguous" lower court ruling that would force It to Impose penalty duties on a wide range of consumer electronic products from Japan. At the sameAP - 438 words
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124 1977-06-10 12 Reuter GENEVA. Thurs. Developing countries have made inroads in some markets in industrialised states and are likely to do better in future because of lower labour costs, a West German official said here yesterday. Mr. Beinhard Strehlke, Secretary of State in the Labour and Social AffairsReuter - 124 words
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Page 12 Advertisements
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Advertisement71 1977-06-10 12 Taste the difference in TSENGTAO BEER! Tsingtao beer is distilled from the sparkling mineral waters of Mount Laoshan in China. There's abundant goodness bottled up in Tsingtao... The goodness of the finest barley and hops and mineral waters. Come, taste the difference in Tsingtao beer. Available in all Emporiums La71 words
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Advertisement168 1977-06-10 12 SEE PAGE 2 Most Outstanding Exclusively Designed for the Business Times Readers. Top Locality. Top Quality and Most Artistic ffflfif Cptf COUfSQ Countryside Apartments in the Heart oI the City. Linked with Botanic Gardens. Immediate OccuDation. 5 Linked with Botanic Gardens. Immediate Occupation. Serene Atmosphere. 24 Hours Security Service. C168 words
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