The Business Times, 13 June 1977

Microfilm: NL9307
Total Pages: 10
1 10 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 MONDAY, JUNE 13, 1977 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      No news yet
      61 1 OFFICIALS of the Stock Exchange of Singapore were unavailable for comment yesterday on reports that the SES and Kuala Lumpur Stock Exchange committee members have met to decide on Joint action on designated 'securities Central Sugars and Perak Carbide. A fortnight ago both the SES and KLSE
      61 words
    • Article
      Lock icon Suharto plans Saudi trip
      47 1 Reuter JAKARTA, Sun. President Suharto of Indonesia will probably pay a state visit to Saudi Arabia In October, according to the Saudi ambassador here. The planned visit was discussed yesterday at a meeting between the President and the Envoy, Mr. Bakr Khomals. Reuter.
      Reuter  -  47 words
    • Article
      Lock icon Direct PAL flight
      61 1 Reuter KUALA LUMPUR, Sun. The state-owned Philippine Airlines (PAL) wUI introduce twiceweekly direct flights between Manila and Kuala Lumpur from September to meet tourist demands, an airline official said here today. PAL sales manager for Malaysia and Brunei, Mr. Delphin Tan, told reporters that the airline was
      Reuter  -  61 words
    • Article
      Lock icon Nigeria dissuaded
      67 1 AFP GEORGETOWN, Sun. Trinidad, Britain and the United States are seeking to persuade Nigeria not to leave the Commonwealth, a responsible diplomatic source said here today. Nigeria has threatened to quit the Commonwealth because of Britain's failure to settle the Rhodeslan problem and because of the British Government's
      AFP  -  67 words
    • Article
      Lock icon Making hotels safer
      67 1 Reuter STRASBOURG, Sun. European parliamentarians, worried by recent hotel fires in Amsterdam and Brussels which claimed more than 30 lives, want the Common Market commission to Introduce a compulsory safety standard for hotels In the nine member countries. Representatives from four of the six political groups in
      Reuter  -  67 words
    • Article
      Lock icon Spanish poll forecast
      71 1 Reuter MADRID, Sun. The Centre-Right coalition of Spanish Prime Minister Adolfo Suarez will win 141 or 40 per cent of the 350 seats in the Lower House of Parliament in general elections on Wednesday, according to a poll published today. But the poll, published by the liberal
      Reuter  -  71 words
    • Article
      Lock icon France will sell
      64 1 AFP PARIS, Sun. Foreign Minister Louis de Gulrlngaud reaffirmed today that France will go ahead with Its sale of a nuclear reprocessing plant to Pakistan. In a radio Interview here he said France had signed a contract and would not back out of it. He also said
      AFP  -  64 words
    • Article
      Lock icon Ties warming up
      70 1 Reuter HONGKONG, Sun. A Chinese leader said last night that there had been new developments in relations between China and the Philippines since President Marcos visited China, the New China News Agency reported today. Chinese Deputy Foreign Minister Han Nienlung made the remark at a reception given
      Reuter  -  70 words
    • Article
      Lock icon Begin to vist US?
      75 1 Reuter TEL AVIV, Sun. Israeli Prime Ministerdesignate Menachem Begin, leader of the rightwing Likutf bloc, plans to visit Washington In late July to meet President Jimmy Carter, a Likud spokesman said here today. Mr Begin, whose Likud bloc emerged as the largest single party after the
      Reuter  -  75 words
  • Article
    TOP TEN STOCKS
    111 1 THE following list of *tocka gives the 10 most traded in on the Stock Exchange of Singapore last week. It gives the turnover in thousands of units, closing prices on Friday and the high and low for 1977. Company Turnover Price* Hick Low 000 June 10 1977
    111 words
  • LOCAL STOCK INDICES
    • Article
      SINGAPORE
      68 1 JuneS June 7 June 8 JuneS June 1* tt B.T. Index: 306.64 316.54 313.03 312.91 320JO Industrials: 246.87 251.76 250.98 250.11 251.91 c# Finance: 428 52 434.60 434.88 432.92 434.23 Hotels: 162.50 163.55 163.19 162.58 163.26 Properties: 155.65 158.41 157.32 155.45 156.31 Tins: 105.65 105.57 105.28 105.28 105.28 rubbers:
      68 words
    • Article
      MALAYSIA
      82 1 June June 7 JumI June t June 16 tt B.T. Index: 294.80 274.33 286.07 269.72 276.23 Industrials: 274.73 281.08 279.86 278.96 279.95 Finance: 372.07 379.57 381.65 377.48 380.61 Hotels: 171.9® 171.99 171.99 171.96 171.96 Properties: 141.91 144.52 142.46 142.00 142.25 t Tins: 110.64 110.75 110.64 110.59 110.70 t rubbers:
      82 words
  • Article
    Sound investment in seven stocks
    918 1  -  ANNUAL YIELD OF NINE PER CENT By QUEK PECK LIM A STEADY Income with a yield above the highest fixed deposit rate offered by any financial institution is available on the stock exchange for some seven counters. The bulk of these stocks offer an annual
    918 words
  • Article
    Lock icon Loans for Russians
    126 1 AFP TOKYO, Sun. Japan is to extend bank loans totalling 83,800 million yen (***** million) to the Soviet Union to help finance its purchase of Japan-made fertiliser plant equipment, it was announced here today. The state-financed Export-Import Bank of Japan (Eximbank) said Eximbank president Satoshl Sumlta and
    AFP  -  126 words
  • Article
    Lock icon Task force set up for rubber pact
    418 1 Reuter GENEVA, Sun. Leading producers and users of natural rubber set up a special "task force" to weigh up In greater detail specific elements of a possible international agreement to stabilise prices and markets, conference sources said. They took the decision at the
    Reuter  -  418 words
  • Article
    Lock icon REPORT OF ASEAN WOOD PRODUCT SURVEY SOON
    258 1 AFP ■l KUALA LUMPUR, Sun. The final report of the survey on end-uses of Asean wood products conducted under the Asean-New Zeaj land regional development programme will be completed before the end of next month. The survey, carried out in three stages In
    AFP  -  258 words
  • Article
    Lock icon Food aid pledge to Indonesia
    200 1 UPI JAKARTA, Sun. The United States will continue Its food aid programme to Indonesia, visiting US Secretary of Agriculture Bob Bergland said here over the weekend. Mr. Bergland arrived on Friday from Hongkong on an Asian tour. He will attend a World Food Council meeting
    UPI  -  200 words
  • Article
    Lock icon ITC ends first stage price review
    208 1 Reuter LONDON, Sun. The International Tin Council (ITC) economic and price review panel finished the first stage of Its price review with general agreement that something should be done to correct a deficit In world production, delegate sources said. The panel will meet again
    Reuter  -  208 words
  • Article
    IRAN'S RECORD DEFICIT
    112 1 TEHERAN, Sun. Iran's efforts to conserve Us diminishing oil reserves by switching to alternative exports contributed to a record trade deficit in the first two months of the current fiscal year of U8W.300 million (Stft.SSS million), it was reported today. The Teheran dally, Ayandegan, said imports rose
    112 words
  • Article
    Guayule — a shrub that may rival natural rubber
    326 1 Guayule a shrub that may rival natural rubber KUALA LUMPUR, Sun. Producers of natural rubber are extremely worried by the poeeibie threat to the industry from a metre tall shrub known as Guayule. According to the Deputy Primary Industries Minister, Mr Lew Sip Hon, it has W per cent of
    326 words
  • Article
    Lock icon No change in price of Caracas oil says paper
    439 1 AP j CARACAS, Sun. Petroleos de Venezuela, the stateowned oil company, and Its affiliates have notified their clients that their oil prices will not be Increased in July, the newspaper El Nactonal said over the weekend. Venezuela and TO other member
    AP  -  439 words
  • Article
    Lock icon Marcos confident of achieving goals
    164 1 Reuter MANILA, Sun.* President Marcos said today the Philippines should seek to modernise its economy to cope with what he called the erratic behaviour of the present world economic order. In a speech on the country's National Day, Mr. Marcos said the Philippines would attain
    Reuter  -  164 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      34 1 r Ricoh J *****33 Wywy Private Limited mponsibU company 39th Floor Hona Loono Building Sinoaoon 1. SEE BACK PAGE L«U«r«/TV 6 MhChHMrii -R lat«r»ati< Itliuii PI Nr»WN«in Local Co NnWßkan Ceewdiliee iMfbrmattoa -P4 Sporto
      34 words
    • Advertisement
      Page 1 Advertisements Column 2
      103 1 NCD? ACBC makes it easy. When you require Negotiable Certificates of Deposit, you'll find it easy to talk to the people at ACBC. ACBC offers high interest rates on NCD's, for minimum deposits of $100,000, on fixed periods of not less than 3 months. ACBC has the resources, experience and
      103 words
    • Advertisement
      Page 1 Advertisements Column 3
      169 1 "Tu NOW'Cool heatthy pollution-five e»"v,ng ,s POSSIBLE t^mAßuenu COOL/MASTER pukeace Xv« CAR AIR CONOmONtR AM PURFO CHUNG SHAN MOTORS ISJ 51' GOl DHIL L. PI A7A Tel *****2 ?40 LAVENDfR STRFF T Tel *****80 SEE THIS PAGE HOTEL EQUATORIAL A perfect Mend of all the qualities a guest looks lor
      169 words
Page thumbnail Page 2
  • Article
    PROTECTING INVESTORS
    631 2 THE Stock Exchange authorities on both sides of the Causeway made the shares of Central Sugars and Perak Carbide "designated" securities earlier this month. This meant that anyone buying or selling these shares have to "deliver" Immediately cash or scrip, whichever Is appropriate. The action was taken to
    631 words
  • Article
    POSB SURPLUS FUNDS
    273 2 THE Monetary Authority of Singapore revealed in its May bulletin that the Post Office Savings Bank has been placing more of Its surplus funds In the Interbank money market. This Is hardly a revelation to the participants In that market, who are spilt Into two camps about
    273 words
  • REVIEWS
    • Article, Illustration
      LOOKING BACK: APPETISER FOR BIGGER, BETTER WORK
      791 2  -  BOOKS By KEVIN RAFFERTY ONE OF the delights of a Monday morning even at the start of the grimmest week is to pick up Tunku Abdul Rahman's column In the Star newspaper. He Is sometimes infuriating or irritating, often provocative, but always entertaining
      791 words
    • Article
      Lock icon UK's new National Theatre is exciting and challenging
      866 2  -  By RICHARD EDER NYT BRITAIN'S new national theatre, a complex of gray projections and terraces on the south bank of the Thames, looks something like an aircraft carrier, but its delicately angled facade makes it an elegant and buoyant one. Not, though,
      NYT  -  866 words
    • Article
      Lock icon When silence, concentration are absolute
      714 2 MUSIC By CKT FIVE or six columns ago, when I was much younger and more ldealistlcaily hidebound. I did sort of hint at the full concentration demanded In classicalmusic listening. Considering even with the banner of complete,absorption waving In the sun you could hardly begin
      By CKT  -  714 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      200 2 IBJ The Bank for All Reasons J Long-Term Financing. IBJ is Japan's oldest and largest long-term credit bank. We are the leading bank in arranging yen- denominated bond flotations by both foreign and domestic issuers. Main Bank to Japan's Key Industries. IBJ is main bank to more of Japan's industrial
      200 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      284 2 SINGAPORE 5 3.00 PM Opening announcements followed by Valar Pirai (Tamil Repeat) 0 3.30 Diary Of Events (Tamil) 3.35 General Hospital 4.15 Science Report* 4.30 Intermission 6.05 Opening announcements followed by The Wild World Of People* 6.30 News in Brief* 6.35 The Facts Are These —An Apple A Day* 6.55
      284 words
    • Miscellaneous
      Page 2 Miscellaneous Column 2
      671 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 Powdery deposit on a flower? (5) 8 Ethical as many ere said to be (5) 10 Rugby-playing animals (5) 11 High speed to the North (3) 12 I'm in the scheme, that's clear (5) 13 Fugitive making Una wary (7) 15 Female In orbit
      671 words
Page thumbnail Page 3
  • Article, Illustration
    One man's week
    1964 3  -  HENG SHIN Mr Loo is executive director, National Productivity Board. MONDAY: Began the Monday morning clearing the backlog of letters, files, memos, circulars and cheques. All these done with some robotic efficiency. Spent the rest" of the day preparing for the reception in the evening to inaugurate
    1,964 words
  • Article
    Lock icon A useful blueprint for a literary culture
    688 3  -  L BOOKS By C CHRISTOPHER LEHMANN-HAUPT NYT IT DID not take long for the myth of the English 1930s to be forged. As Samuel Hynes reminds us -in the Auden Generation: Literature and politics in England in the *****: only months after the
    NYT  -  688 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      211 3 THIS IS THE ITOKI SAFE THAT WITHSTOOD THE JURONG INFERNO s i* &r I F m m S&& i •«em fcf JkMUc i »i 3L SUM <** I V V JJH rrj to >* S v: 2 iu. J r jfr A y* The Safe The owner of the factory
      211 words
Page thumbnail Page 4
  • COMPANY NEWS
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      161 4 mWWTBOOO'STM moi with mm pubiicmons HUMf SWIfS DIVISION for Economics Commerce Administrative Practice Inst, of Administrative Management Inst, of Bankers (Conversion Course is available) Inst, of Chartered Secretaries and Administrators Inst, of Statisticians MCE/HSC SCGCE/GCE 'A' Levels London GCE 'O' and 'A' Levels A.E.B. GCE V and 'A' Levels Qualifyirjg
      161 words
Page thumbnail Page 5
  • INTERNACIONAL STOCK MARKETS
    • Article
      Tokyo
      481 5 TOKYO: Share prices closed slightly higher on Saturday, after opening lower, In moderate trading as Institutional Interest revived In high-priced electrlcals towards the close, dealers said. The Dow-Jones average rose 0 II to 4.927.55. with volume 80 million shares and the new index added 0.10 to 372.91. Pioneer, which
      481 words
    • Article
      Amsterdam
      246 5 JUNE It m *rAhold 88 30 +■0.5 Akzo 31 20 03 Algbank 308 00 1 AMEV 59 30 +0 3 Amfas 84 00 1.3 Amrot Bank 68 00 +0.5 Bergoss 80 50 unch B»*rk 109 50 unch Bols 62 50xd 1 -07 BorsumlJ 127 00 -1.5 Burhraann 74 20
      246 words
    • Article
      Brussels
      161 5 BRUSSELS: The market was mostly lower In quiet preweekend trading on Friday, dealers said. Sofina, Hoboken, Clabecq, Haiaaut-Sambre. Gevaert and UCB were among local Usues to fall while Solvay, Moaane and Cemetra firmed against the trend. Oold mines and UK Issues fell, and other foreign stocks were mixed to
      161 words
    • Article
      Frankfurt
      317 5 FRANKFURT: Shares closed mixed on Friday, market sources said. Veba lost 3 20 marks on news that Its first quarter 1977 provisional group net profit fell to 38 million marks (48 million). In electrical BBC gained 1.50 marks while in chemicals Scbering rose three marks. In weaker autos Mercedes
      317 words
    • Article
      Paris
      182 5 PARIS: The strike by bourse personnel meant only a few shares those at the Corbelllecould be traded, where the trend was steady to firm on Friday, bourse sources said. Micbeiin and Peugeot rose. Cie de Navigation Mixte was Indicated at 117 francs bid. It was quoted at 155 francs
      182 words
    • Article
      Zurich
      269 5 ZURICH: The market closed steady in generally quiet dealings on Friday, prior to the referendum on the government's financial package due this weekend. However, heavy turnover was noted for Oerlikon-Buekrle, bearer and registered shares for which were quoted ex-rlghts on Its previously announced capital increase. Elsewhere, price changes were
      269 words
    • Article
      Toronto
      295 5 TORONTO: Share prices closed higher in moderate trading on Friday with the composite Index up three points and advances leading declines 217 to 154. Oil and gas issues, up nine points on Index, and the transportation sector led the advance. Westburne International Industrie* added H to 9% on higher
      295 words
    • Article
      Jo'burg
      369 5 JOHANNEBBURO: Oold shares continued their downward trend on Friday following lower bullion indications and overseas selling pressure, dealers said Financial minings were mixed in quiet trade, with Aa«leo 10 cents off at 400 and Uncirop five cents up at 335. De Beers shed five cents to 400. Coppers and
      369 words
    • Article
      New York
      1261 5 NEW YORK: The stock market managed a small gain on Friday. despite an unenthusi&stlc mood on Wall Street Responding to favourable news on Interest rates at the opening bell, prices rallied briefly before resuming Thursday's zigzag course around mldsesslon The recent increase in shortterm interest rates has been
      1,261 words
    • Article
      CHICAGO BOARD OPTIONS
      1571 5 On June 10 TRADING in options on the Chicago Board Options Exchange totalled 70,098 contracts on Friday compared with 67,607 contracts on Thursday. OPTION JLY OCT JAN STOCK Alcoa SO 4 3/4 UNTRD 8 1/4 54 1/4 Alcoa 00 1/18 15/18 1 1/2 M 1/4 Am Tel
      1,571 words
    • Article
      Indices
      74 5 FINANCIAL TIMES INDUSTRIALS Friday 449 4 Thursday 446.8 Week ago 457.8 DOW JONES AVERAGE INDUSTRIALS Friday 910.79 Thursday 909.85 Week ago 912.23 LONDON DOLLAR PREMIUM Friday 113%. to 114* Thursday 1I6W to 117 H.K. HANG SENG Friday 448.30 Thursday 448.42 Week ago 450 22 SYDNEY INDUSTRIALS Friday 375.64 Thursday
      74 words
    • Article
      Lock icon Reynolds Metals offering
      81 5 Reuter I RICHMOND. VA.. Sun. Reynolds Metals has filed a registration statement with the Securities and Exchange Commission In connection with the offering of two million common shares without par value, i At the same time, Reynolds said it is negotiating to issue and sell up to
      Reuter  -  81 words
    • Article
      BUSINESS TIMES INDUSTRIAL GROUP INDICES (BASE YEAR: JANUARY 4, 1971 – 100)
      153 5 BUSINESS TIMES INDUSTRIAL GROUP INDICES (BASE YEAR: JANUARY 4, 1971 100) 1977 Week ended HIGH LOW INDUSTRIAL GROUP 3/6 10/6 POINT CHANGE 210.59 145 90 Automotive 187.32 191.48 4 4.16 496.57 362 92 Bank*. Insurance. Finance and Trustees 372.50 386.06 4-13.58 1M 62 135 60 Chemicals. Rubber Products. Refining and
      153 words
    • Article
      Lock icon DJ utilities outshine industrials
      585 5 NYT WALL street's love-hate relationship with round numbers on the Dow Jones industrial average reasserted itself last week. This time around, the Street loved Dow 900 because it resisted further selling at that level and, in turn, signalled some support for the entire stock market. It
      NYT  -  585 words
    • Article
      Lock icon Amex options plan
      96 5 Reuter NEW YORK. Sun. The American Stock Exchange has outlined a new options membership access programme and announced plans to provide for rental of all memberships in the market place. The Amex said its governors approved in principle the broad outlines or a two-part programme to establish
      Reuter  -  96 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      101 5 SICM A BMEHTtR fUTURt -Vf flome Si j-i v J 4 f 41 Y *'<&■ i 'fe: ~£T r gp WNMQmm&m w& > WmSmsfs CYwith Foulks &sr* r ~< mexsi&M&gl LONDON tr ijm?£&i Wrti „&'>• S s s 3fl s > gala v.. H N id 6 a i-a if
      101 words
Page thumbnail Page 6
  • Article
    Lock icon Marketing the gambling itch
    1388 6  -  THE men who run the gambling in Monte Carlo are also feeling the effects of inflation, mainly because of its squeeze on their Italian supporters. Their answer is to go looking farther afield for new markets for gambling all the way from the United States to
    FT  -  1,388 words
  • Article, Illustration
    Baby food industry heading for tough time
    802 6  -  By SOH SIAM LOH THE Infant food Industry in Singapore appears to be heading for difficult times in the face of the success of the family planning campaigns. That the birth control measures have made a dent in the infant food industry (of
    802 words
  • Article
    DAILY AIRCRAFT MOVEMENTS
    599 6 ARRIVALS i S0TV1C0 Local Operator Number Time From CPA CX003 0145 HKO SAS SK097 0640 CPH/THR/BKK MAS MH682 0810 KCH CPA CX710 1000 HLP < SLA SQ211 1015 HLP OIA OA980 1030 HLP THAI TG423 1035 BKK OIA OA908 1100 MES < PAL PR501 1115 MNL SIA
    599 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      813 6 BALLY OF SWITZERLAND tffcftA 1/7 £J Li//f THE nun leading MENSWEAR TAILORS STORE —v, OUTFITTERS 1 •HIGH ST CENTRE'OCEAN BUILDING SUPREME HOUSE GOODWOOD. HILTON.RAFFLES HOTELS*COLD STORAGE BANK OF INDIA HVrnxUtuUd tn India) BALANCE SHEET AS AT JIBT DEC EMBER. I*7«. CAPITAL LIABILITIES Indian Rupees PROPERTY ASSETS Indian Rupee* PAID-UP CAPITAL:
      813 words
Page thumbnail Page 7
  • INTERNATIONAL
    • Article
      Lock icon Burmah Oil head forecasts difficult year ahead
      685 7 Reuter GLASGOW. Sun. Burmah Oil chairman Mr. Alastair Down said 1977 will not be an easy year for the company although the basis for continuing recovery has been established. He told the annual meeting UK demand for petroleum products continues below 1973 levels
      Reuter  -  685 words
    • Article
      Lock icon CBC holds 79pc of Caga
      100 7 Reuter SYDNEY. Sun Commercial Banking Sydney (CBC) said it will compulsorily acquire Commercial and General Acceptance (Caga) shares for which it has not yet received acceptances. CBC said it now holds 79.26 per cent of Caga's 30 million Asl par shares while the Bank of
      Reuter  -  100 words
    • Article
      Lock icon Pemex Eurobond
      44 7 Reuter LONDON. Sun. Petroleos Mexicanos (Pemex) witll float a US$5O million Eurobond due 1982 with an indicated nine per cent coupon, Swiss Bank (Luxembourg) said as lead manager. Final term-' will be fixed prior to the offering date around June 23. Reuter
      Reuter  -  44 words
    • Article
      Lock icon CRA talks end
      36 7 Reuter PERTH. Sun. Minerals sand miner. Allied Minerals, said talks with Conzinc Riotinto of Australia (CRA) on a proposal for CRA to acquire Allied Minerals' assets have terminated with no agreement reached. Reuter.
      Reuter  -  36 words
    • Article
      Lock icon ITT FILES SUIT AGAINST THREE
      217 7 Reuter NEW YORK. Suh. International Telephone and Telegraph said it has filed suit against American Telephone and Telegraph. Western Electric and Bell Laboratories. ITT said its suit, filed In US district court for the Southern District of New York, charges the three companies have violated
      Reuter  -  217 words
    • Article
      Lock icon Rhone-Poulenc Textile modernisation scheme
      122 7 Reuter PARIS. Sun. RhonePoulenc Textile plans to sharply increase productivity through a large and selective modernisation programme coupled with a reduction of Its 15,670 strong workforce. The plan was presented last Thursday at the company's Central Management Workers Committee, which heard the cuts in the workforce
      Reuter  -  122 words
    • Article
      Lock icon Weeks awaits Diet's nod
      180 7 Reuter MELBOURNE. Sun. Weeks Petroleum said the Japanese Diet's ratification of the joint development treaty with South Korea will clear the way for the start of seismic and drilling operations in offshore block seven between the two countries. But first Japan and South Korea will have
      Reuter  -  180 words
    • Article
      Lock icon Speculation over money supply
      447 7 Reuter NEW YORK, Sun Latest Federal Reserve Bank figures on money supply will lead to more speculation that the current situation is a repeat of last year's M-l performance, money market analysts said. For the week ended June 1. The Fed reported that money supply fell
      Reuter  -  447 words
    • Article, Illustration
      LOCAL SCIENTIST DR GAN MAKES GOOD AT GE
      269 7 A SINGAPORE scientist recently became the first local man to head a complete unit within the corporate structure of the giant American multinational, General Electric Co of the US. The man Is Dr. Gan Kim Sun. who was promoted to manager after
      269 words
    • Article
      Lock icon FTC okays sale of Peabody Coal to BHP
      149 7 Reuter MELBOURNE. Sun. Broken Hill Pty will go ahead with the acquisition of Peabody Coal Co's Australian unit, Peabody Coal Pty, following a US Federal Trade Commission (FTC) ruling. The FTC approved the scheme of divestiture by Kennecott Copper of Peabody, directing
      Reuter  -  149 words
    • Article
      Lock icon Profit at Kubota below target
      127 7 Reuter TOKYO, Sun. Kubota said after-tax profit for the year ended April 15, 1977 at 21.68 billion yen (20.88 billion) was lower than the goal of between 22 billion and 23 billion. Sales, at 460.57 billion (410.08 billion), however, reached the goal of 460 billion,
      Reuter  -  127 words
    • Article
      Lock icon Amoco signs Irish agreement
      96 7 Reuter CHICAGO, Sun. Standard Oil (Indiana) said its Amoco Ireland Exploration unit, as operator for a licence group, signed an agreement with the Government of the Irish Republic to acquire three new offshore licence blocks off the Irish East Coast. The blocks are in the Irish
      Reuter  -  96 words
    • Article
      Lock icon Price of gold may drop
      364 7 Reuter LONDON, Sun. The gold market could be entering a corrective phase which may bring prices back into the US$l3O $140 (Ss32o $344) an ounce range. Sharps, Pixley Ltd said in its latest monthly market letter. Certainly, it said, the long-term up trend which began
      Reuter  -  364 words
    • Article
      Lock icon Move to revalue official reserves
      167 7 Reuter JOHANNESBURG. Sun. The South African Reserve Bank Is expected to end Its weekly reporting of gold reserves this month and release Its first monthly statement at the end of July for that month, banking sources said. This follows the completion In Parliament last week
      Reuter  -  167 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      543 7 I r* r M Wfe make sure of iminterrupted service to General Diesel just alSJ3JS.makes sure of uninterrupted service to commuters General Diesel bears the responsibility for good be carried out smoothly and efficiently with no delays, service to SBS and the Singapore public at large. It Commuters on SBS
      543 words
Page thumbnail Page 8
  • COMMODITY REPORTS AND PRICES
    • Article
      FOREIGN RUBBER
      223 8 LONDON, Sun. Terminal closed quiet on Friday and mostly 0.55 pence to 0.45 pence per kilo down against Thursday night. Volume was five lots at five tonnes, and 150 lots at 15 tonnes Including the posting during the afternoon oi one further call option on April/ June 1978
      223 words
    • Article
      Tin/rubber closing prices
      44 8 Tin: Tonne: tRubber(S) tRubber (M) June t $1,443 237 ma 193 25 Jim! 91,446.29 180 193.00 197.29 JummS $1,449 1M 194.29 199.29 91.444 197 199.00 199.00 Ana 19 91.437 182 190.90 196.79 Jaaell 91.439 189 per plcul t centi per kilo
      44 words
    • Article
      Straits tin
      130 8 THE Straits tin price in Penang on Saturday was down $2 to $1,435 per picul on an official offering up six tonnes to 188 tonnes. In LONDON on Friday, tin on the day rose by £56 for Cash and £49 for Three Months In standard metal and by
      130 words
    • Article
      Produce exchange
      287 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL ON SATURDAY Coconut Oil: Bulk SlOO sellers, old drum $105 sellers, new drum SI 10 sellers. Copra: Mixed (loose) UK/Cont. $62 buyers. Pepper: Muntok ASTA white f.o.b. 100* NLW $4074 sellers. Sarawak white f ob 96* NLW 3874 sellers.
      287 words
    • Article
      Palm oil
      102 8 C.I.F. Rotterdam prices quoted In London on Friday In US dollar* per ton Friday Prv>. Malaysia 5% ffa bulk Aug/Sept Sumatra 5S Afloat Jun July Aug Sept Nov unch uncb 852.50 slr/845 850pd 850 845 847.50 pd 840 sir unch unch 840 sir 857.50 pd 852.50 852 pd
      102 words
    • Article
      Lead
      60 8 LONDON, Sun. Lead gained £10.50 for Cash and C 8.75 for Three Months on Friday. The market tended to drift back under continued profit-taking Induced by the morning's higher levels, dealers said. Three Months traded down to £310.50 In the Ring but picked up on the Kerb to £314
      60 words
    • Article
      Lock icon Gold
      363 8 Source: Swiss Bank Corp., Zurich IN the Singapore gold market on Saturday, quiet condition prevailed as shortcovering seen on Friday was not present. The kllobar opened at 5511,245 and fluctuated narrowly and closed at the same level. In the loco London market, the metal opened at U*****.90/ 141.20 and
      Source: Swiss Bank Corp., Zurich  -  363 words
    • Article
      Copper
      352 8 LONDON, Sun. Copper wlrebars on Friday showed gains of £7 for Cash and £6 for Three Months. The market reversed the softer late morning kerb trend on pre-weekend covering prompted by the advance at New York which dealers said resulted from a commission house buy recommendation. Three Months traded
      352 words
    • Article
      Zinc
      41 8 LONDON, Sun. Zinc on Friday was mostly £4.75 higher. The market was steady on further covering against continental physical demand which took Three Months up to £305 In the Ring and to £307 on the Kerb. Sales were 2500 tonnes.
      41 words
    • Article
      Coffee
      334 8 LONDON, Sun. Futures closed easier on Friday at or near the day's lows with losses against Thursday night of £149 to £89 per tonne. Volume totalled 4103 lots Including 28 options. Dealers said the market remained on the defensive despite an earlier attempted rally. A lower New York touched
      334 words
    • Article
      Cocoa
      343 8 LONDON, Sun. Futures closed £24 per tonne higher to unchanged on Friday on sales of 4519 lots. Dealers said values moved Irregularly under the Influence of booksquarlng operations and hesitant performance of the New York market. The undertone remained firm, however, with good support evident on any dip, they
      343 words
    • Article
      Sugar
      337 8 LONDON, Sun. Futures closed £3.25 to £2.50 down in sales of 3,055 lots on Friday. Prices moved down through their life of contract lows during the afternoon under fresh selling, partly influenced by bearish charts, and long liquidation. But the overall plentiful supply situation remained the main depressing factor,
      337 words
    • Article
      Wheat
      170 8 CHICAGO Sun. Wheat futures closed on Friday with losses of three to 4*4 cents a bushel, finishing the session at or Just above new seasonal lows. With an absence of buying interest because of the slight decline In export commitments, and lack of significant change In the USDA's supply-demand
      170 words
    • Article
      Rice
      238 8 BANGKOK. Sun. Trading was generally quiet with no business concluded In the government or private sector, and activity confined to shipment against old contracts last week, trade sources said. They said the number of vessels In port to take delivery of rice caused prices In the local market to
      238 words
    • Article
      Soybeans
      126 8 CHICAGO. Sun. Soybean futures finished on Friday with losses ranging from 3Vi to 21 Vt cents a bushel across the board. New crop months were down through the session as the forecasts of weekend rains in the mid-west prompted liquidation and speculative selling. After fluctuating to either side of
      126 words
    • Article
      Jubilee joy cuts down trading
      848 8 COMMODITY dealers In Singapore last week plodded through another uneventful period of trading against a generally mixed news background. with all the London markets closed on Monday and Tuesday for the bank and Jubilee Day holidays, traders in Singapore found themselves somewhat lost because trading
      848 words
    • Article
      Silver
      211 8 LONDON, Sun. Silver closed with gains of 0.7 to 0.2 pence on Friday. Values reflected the advance in US futures with end-week covering taking Three Months up to 262.5 pence In the Ring and to 263.5 pence on the Kerb prior to last trade at 263.0 pence. Sales were
      211 words
  • MONEY AND EXCHANGES
    • Article
      Singapore
      113 8 THE US unit demonstrated a general trend of weakness throughout last week when it opened at $2.4643/48, and eased slightly to close at $2.4635/40. Dollar's soft undertone could be attributed to the high local Interest rates. Trading was quiet and extremely thin as London foreign exchange market was closed
      113 words
    • Article
      Minimum lending rates
      46 8 Firat Chicago «H Citibank HSBC Indoeuex Bangkok Bank 7 Bank of America 8 V Bank of China 7 Bank of Tokyo Bosk Negara Indonesia 7 Chartered Bank 6 l Malayan Banking CH Mitaui Bank OCBC OUB «H UCB 7 I'MBC 7 DBS UOB
      46 words
    • Article
      Asian $ rates
      275 8 Asian rates GENERAL lack of Interest caused rates to ease slightly after overnight federal funds were averaged at 5 5/16 for last week. Figures released In the week, showing US money supply growing within manageable proportions (Ml down $700 million and M 2 up $600 million) and loan demand Increasing
      275 words
    • Article
      Discount market
      298 8 DISCOUNT Houses experienced shortages when firmer Interest rates persisted throughout the whole of last week. Apart from last resort loan facilities from MAS, discount houses also had to reduce their book-stees. The call and overnight deposit rates remained unchanged at 3 per cent. Despite tight money market conditions,
      298 words
    • Article
      Zurich
      509 8 ZURICH, Sun. Foreign exchange markets stood under the impression of a considerable strengthening of the Japanese yen last week. The dollar was able to improve, too, while the Dmark and the Swiss franc weakened slightly. The dollar's gains have been mainly due to quite encouraging news from the US
      509 words
    • Article
      New York
      168 8 NEW YORK Sun. The Canadian dollar lost ground In Friday afternoon trading here to close at 94.66/68 cents compared with the opening 94.82/84, dealers reported. The 0.8 per cent rise In Canadian consumer prices in May and late announcement of a proposed $1 billion bond issue had only
      168 words
    • Article
      Euro $ rates
      136 8 Euro rates LONDON, Sun. Eurodollar deposits were earsier In aulet trading on Friday, dealers said. Period rates were largely 1/16 earlier in small turnover while Three Months held its earlier steady level at 5 13/16 5 3/4. Dealers said the US money supply figures had virturally no effect on the
      136 words
    • Article
      London
      213 8 LONDON, Sun. The Canadian dollar weakened in a fairly active market here on Friday, dealers said. They said operators sold the Canadian unit reflecting disappointment with the 0.8 per cent rise in the consumer price index last month and speculation over a possible cut in the discount rate. Elsewhere,
      213 words
    • Article
      Frankfurt
      32 8 FRANKFURT exchanges closing quotes on June 10 US 2.3577/87 Can 2.2353/73 UK 4.049/054 Neth 95.33/43 Swltz 94.60/68 Italy 2.65/66 France 47.60/70 Japan 0.8610/20 Belg com 6.53/54 Belg fin 6.54/55 Norw 44.60/68
      32 words
    • Article
      Lock icon Money market
      36 8 Source: Astley Pearce OVERNIGHT funds firm up to s*« per cent at the close of last week. One Month was active rising per cent to touch 4Vk. Other periods were quiet and little moved.
      Source: Astley & Pearce  -  36 words
    • Article
      Short term market
      40 8 FOR the week ended Friday June 10, the ranee of call rates received from Short Deposits (M) Berhad was as follows: BANK FUND 2*% to 8* GENERAL FUNDS: 2*% to 5%.% Movements of funds totalled $290 million.
      40 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      104 8 fi_E_in EM FURHITURE For OFFICE EQUIPMENT and QUAUTY SHELVINGS 10 w r A complete range of quality office furniture and equipment consisting of desks, cabinets, chairs and all other office requirements. m I k w I -1 a OEM open and closed type sheh/ings provide flexible load carry capacity for
      104 words
Page thumbnail Page 9
  • Article, Illustration
    Lock icon IT'S CERTAINLY LOOKING GOOD ON PAPER
    1102 9  -  Sherwen's win would have made Brigadier Gerard pie-eyed with envy JULIE WELCH talks to pipir science student Paul Sherwen and the double life he has led as a top cyclist. JULIE WELCH The Observer LONDON, Sun. The double life of Paul Sherwen stopped on
    The Observer  -  1,102 words
  • Article, Illustration
    Keppel's pride wins by 8 strokes in Cup trials
    919 9 TALIB Haron of Keppel, as 1 expected, won the Asian 1 Cup golf preliminary trials held at the SICC New Course I yesterday. 1 Tallb completed his fourth round with a superb two-over-par 74 for a fourround total of 301. He
    919 words
  • Article, Illustration
    Lock icon Le Man classic: Porsche beat Renault
    451 9 AFP LE MANS, Western France, Sun Porsche won their battle with the French car manufacturers Renault to triumph In the 24-hours Le Mans sports car classic here today: But It was a victory that was In doubt up to the very end. Forty-five minutes
    AFP  -  451 words
  • Article
    Lock icon Miguel defends his title
    197 9 Reuter TOKYO, Sun. Mexican Miguel Canto defends his World Boxing Council (WBC) Flyweight title here next Wednesday to underline the sport's domination of the Japanese scene during the last month. Other International events during the week Include soccer matches between this year's West German soccer Cup
    Reuter  -  197 words
  • Article
    Lock icon Why racing could go to dogs
    704 9 The Observer RACING may no longer be the Sport of Kings, but last Wednesday horses owned by two stewards of the Jockey Club, Robert Sangster and Lord Leverhulme, drew right away from the field with three furlongs to go and the Derby between them.
    The Observer  -  704 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      102 9 FLY KWIZDARIW Choice of the Champions Kwiz offer a whole range of superbly styled darts designed for the perfectionist. Spear-headed by finely engineered brass of chrome plated barrels and nickel plated points, you'll find a choice of cane nylon or the latest fibre-glass shafts and f either feather, plastic or
      102 words
    • Advertisement
      Page 9 Advertisements Column 2
      193 9 Introducing the new IBM low-cost computer for businesses of 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
Page thumbnail Page 10
  • Article
    Lock icon Focus to be on deficit financing?
    359 10 Reuter ZURICH, Sun. Problems of deficit financing are expected to dominate the annual meeting of the Bank for International Settlement which begins In Basle today, Informed European sources said. Some of the functions surrounding the annual meeting are attended also by senior commercial bankers
    Reuter  -  359 words
  • Article
    Lock icon Pakistan will spend more on defence
    359 10 UPI ISLAMABAD, Sun. Defence spending will take up 45 per cent of Pakistan's revenue expenditure In fiscal 1977-78 under the budget presented to Parliament yesterday. In pursuing the government's policy of building 'a viable defence' for the country. Finance Minister Abdul Plrzada has Increased
    UPI  -  359 words
  • Article
    Lock icon Taiwan's Jan-May surplus lower
    142 10 Reuter TAIPEH, Sun. Taiwan's trade surplus fell to US$42 million (Sslo3 million) In the first five months of 1977 from $104 million In the same 1976 period (on a Customs clearance basis), figures released by the Directorate General of Budget, Accounting and Statistics show. Exports rose
    Reuter  -  142 words
  • Article
    WELCOME TO GO INTO IMPORTS AND WHOLESALING
    681 10 WELCOME Is stepping up its fight against the rising cost of living by moving into the Jmport business and wholesaling. Sales growth, the Increasing number of supermarkets under the Welcome banner and the "Fair Price" shops arrangement have put Welcome into the big
    681 words
  • Article
    ITB plan for booklet on work attitudes
    327 10 THE Industrial Training Board plans to publlsfl an instructional booklet on work attitudes, ITB director, Mr. Llm Jit Poh disclosed yesterday. Speaking at the close of a two-day ITB seminar on work attitudes, he said: "Over the past few months, there has been
    327 words
  • Article
    Lock icon Probe into uranium cartel's existence
    372 10 AP WASHINGTON, Sun. A US congressional committee is setting out to discover whether an international uranium cartel that allegedly conspired to hike prices actually exists. The House commerce committee voted on Friday to make public a 20-cm stack of papers that claims the cartel did
    AP  -  372 words
  • Article
    Lock icon Waldheim calls for a world energy order
    227 10 Reuter PITTSBURGH, Sun. United Nations secretarygeneral Kurt Waldheim to-< day proposed setting up an International energy institute to help establish what he called a world energy order. 'Such an' Institution should assist all developing countries in the research and development of energy resources,'
    Reuter  -  227 words
  • Article
    Lock icon 'LET PLANE INDUSTRY COMPETE FAIRLY'
    306 10 UPI PARIS, Sun. French Prime Minister Raymond Barre called over the weekend for free and balanced competition between US and European aircraft Industries including permission for the Anglo-French supersonic Concorde Jetliner to land In New York. In a speech at the Paris Air Show on
    UPI  -  306 words
  • Article
    Lock icon Workers of world urged to boycott S. Africa
    154 10 Reuter GENEVA. Sub. Trade union leaders from more than 120 countries yesterday called on workers throughout the world to boycott all work linked witk South Africa to help bring an end to the system of apartheid. The delegates, representing some- 200 million
    Reuter  -  154 words
  • Article
    Lock icon Cornfeld swindle case hearing
    132 10 AFP GENEVA, Sun. American tycoon Bernard Cornfeld appears before a court here tomorrow to answer charges of swindling in connection with Overseas Investors Service (OIS), the high-flying mutual fund that sent shock waves through the financial world when it crashed in I*7l. The diminutive financier, currently
    AFP  -  132 words
  • Article
    Lock icon Leaders look into the poverty crisis
    536 10 Reuter LONDON, Sun. Leaders of developing countries pressed their Industrialised Commonwealth partners today to strike out for a brave new order giving poor nations a greater share of the world's wealth. The highly complex causes of the growing poverty crisis were a major feature
    Reuter  -  536 words
  • Article
    Lock icon US hopes for normal relations with three
    281 10 Reuter WASHINGTON, Sun. The United States hopes to have normal diplomatic relations with China. Cuba and Vietnam If special problems with these countries can be resolved, Deputy Secretary of State Warren Christopher said over the weekend. Mr. Christopher, in a speech prepared for
    Reuter  -  281 words
  • Article
    Lock icon Occidental teams up with Rumania
    133 10 Reuter LOS ANGELES, Sun. Occidental Petroleum president Dr Armand Hammer said today the US oil giant would cooperate with Rumania in efforts to expand the country's oil output. Occidental and Rumanian experts will study ways of increasing production from existing oil fields and the exploration
    Reuter  -  133 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      54 10 (fljesa Executive's Lunch Special L a s si w Mondays Bouillabaisse Marseilles Tuesdays Roast Striploin of Beef Wednesdays Oxtail Stew Thursdays Roast Rack of Lamb Fridays Roast Rib of Beef Plus Bowl of Mixed Green Salad, Choice of Dressings. Price: $10.00 (plus Government Tax) No Service Charge unrarut/ For reservations,
      54 words
    • Advertisement
      Page 10 Advertisements Column 2
      157 10 The international bank with your interests at heart. Dai-lchi Kangyo Bank is Japan's largest bank. With assets of about 43 billion dollars. But our size doesn't make us impersonal. A worldwide staff of financial experts ready to give your project their individual attention. And we have your interests at heart.
      157 words