The Business Times, 20 June 1977
1977-06-20
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10
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The Business Times
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Title Section10 1977-06-20 1 BUSINESS TIMES M.C.(P) 300/1/77 MONDAY, June 20, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article74 1977-06-20 1 AFP CANBERRA, Sun. The International Whaling Commission (IWC) opens Its 29th meeting here tomorrow and environmentalists around the world are expected to protest. Friends of the Earth are planning protest events in London, Paris, Washington, Toronto, Hawaii and Canberra. Together with Project Jonah supporters, they areAFP - 74 words
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Article58 1977-06-20 1 Reuter WELLINGTON. Sun. The New Zealand Instltute of Economic Research today forecast a balance of payment deficit of more than NZ$O65 million (552,277 million) for New Zealand In the coming year. In its quarterly predictions, the institute said unfavourable trading patterns, high inflation and deflationary policies hadReuter - 58 words
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Article68 1977-06-20 1 UPI WASHINGTON, Sun. One reason Japan has become an economic superpower Is that US military protection has let it spend little on defence, but a congressional audit released over the weekend suggested that Tokyo be asked to bear more of the cost. "Japan's overall payments position Is excellentUPI - 68 words
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Article70 1977-06-20 1 AP SOUTHFIELD (Michigan), Sun. A car industry trade publication says Chrysler Corporation will come up with four sub-compact front-wheel-drive models in the next two years. Car Biz magazine said the first two cars, to be introduced in 1978, will be the Industry's first domestic front-drive sub-compacts. Named theAP - 70 words
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Article56 1977-06-20 1 UPI LONDON, Sun. A labour dispute may halt all Ford Motor production in Britain and idle 56,000 workers, union officials said over the weekend. Already 12,000 workers have been laid off at Dagenham, Ford's major car assembly plant. A meeting to avert layoffs of the plant'sUPI - 56 words
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Article58 1977-06-20 1 Reuter AMMAN, Sun. The Jordan Government has denied a report that a plot to overthrow King Hussein in a military coup was foiled after a tip from the Soviet Union. An official spokesman said last night that yesterday's Beirut report, from a senior Arab diplomat, wasReuter - 58 words
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Article81 1977-06-20 1 AP TOKYO, Sun. Five more cholera cases were reported in Arida over the weekend, but a Health and Welfare Ministry official said the cholera outbreak in the southwestern port city would be under control by the end of this month. Mr. Teruhlko Saburl, director general of theAP - 81 words
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Article68 1977-06-20 1 AFP BEIRUT, Sun. Authorities here have unveiled a US$l4O million (***** million) plan to rebuild Beirut's old city centre ravaged by two years of civil war. If the scheme, aimed at keeping the city's Mediterranean character while modernising its commercial centre, Is approved, green spaces pedestrian malls, expresswaysAFP - 68 words
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Article38 1977-06-20 1 AFP PEKING, Sun. China and Congo signed an economic and technical cooperation agreement here yesterday, signalling a new upward turn In Slno-Congolese relations. Congo was formerly Moscow oriented until the assassination of President Marlen Ngouabl. AFP.AFP - 38 words
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Article111 1977-06-20 1 THE following list of stocks 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 T urnover Prices High Low 000 June 17111 words
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LOCAL STOCK INDICES
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Article90 1977-06-20 1 June 11 Joae 14 Juse IS Juae 18 Jbm 17 B.T Index: 319.90 328 75 317.57 318.01 313.98 •Industrials 253 22 254 85 254 22 253.18 252.80 @Ft nance ♦33 37 434.51 432.51 430.32 439.88 •Hotels 182 85 183.04 183 01 182.81 182.47 •Properties 154 48 158.33 157 3890 words
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Article85 1977-06-20 1 Juae IS Jiuc 14 Jum IS Jaa* 18 JwalT +B T. Index: 278.61 284.07 278.87 278.42 278.28 •Industrials 280 OS 280 80 280 22 278.51 278.58 380 40 381.13 377.8* 378.03 3TT.48 ••Hotels: 171 99 171.90 171.99 171.98 13.* •Properties 142.10 142.20 143.21 143.31 +Tlns: 110.70 110.48 110.48 110.3S85 words
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159 1977-06-20 1 AFP JAKARTA. Sun. The second Asean summit In Kuala Lumpur this August will formally finalise structural changes introduced in Asean since the first summit in Bali last year, official Asean sources said here. They said one of those changes concerned the foreign ministers council whichAFP - 159 words
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Article145 1977-06-20 1 THE sheer weight of investible cash as reflected in term deposits and unpreceder ted commodity exports augurs well for the local stockmarket, says Lyall and Evait (Pte) in the June issue of its Investment Digest. Stockmarket sentiment, it also says, is currently benefiting from145 words
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685 1977-06-20 1 Reuter AFP Reuter MANILA, Sun. Singapore bankers, on behalf of the Asean Banking Council, will explore ways that member countries short of capital can obtain funds from external money markets to finance agri-culture-based projects, especially those geared to exports, it announcedReuter; AFP - 685 words
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828 1977-06-20 1 AMONG Asian cities, Singapore is the top hit in the popularity chart of expatriates. They prefer to live and work in Singapore rather than other Asian cities like Kuala Lumpur, Hongkong, Jakarta. Manila, Bangkok, and Tokyo. These are the findings of a Business828 words
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Article154 1977-06-20 1 PKUDHOE BAY (Alaska), Sun. The crew of Pump Station No. 1 are all set to open the valves tomorrow and start the first Alaskan North Slope oil flowing to market through Alyeska's new US$7.7 billion (8118.9 billion), 1,200 km pipeline. Federal agencies, most notably154 words
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165 1977-06-20 1 PARIS, Sun. Indian Prime Minister Morarjl Desal said In an Interview published here today his country would never progress without an effective birth control policy. But, he told the weekly news magazine L'Express, the policy must be voluntary. "The population of India increases each165 words
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308 1977-06-20 1 Reuter PARIS, Sun. France will introduce import controls for certain textile products next week to fight against growing unemployment in its textile industry, French Foreign Trade Minister Andre Rossi announced over the weekend. Mr. Rossi told a press conference that the controls, effective fromReuter - 308 words
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Article, Illustration525 1977-06-20 1 KEPPEL Shipyard. Singapore's only major wholly locally managed yard, will maintain a cautious but confident outlook for the future, despite the unyielding intensity ol international competition. "Although the shipping industry is not expected to make any significant recovery in 1977 or 1978." Mr. G.E.525 words
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Page 1 Advertisements
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Advertisement68 1977-06-20 1 @Wiyfoong A lending hand when Wayfoong Mortgage you need and Finance (Singapore) Limited it fflOSt Shaw House. Ground Floor. 354 Orchard Road. Singapore 9. Tel: *****7* Leisure/ TV ft Radio, Crosswords P 2 Lciawrc P 3 Feature/ Overseas News p 4 International Co News p 5 Local Co N*wi/ Share68 words
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Advertisement93 1977-06-20 1 ✓> /A At Chase you get to check your checks With a current account at Chase, you don't just get a statement every month. We return all your paid checks too. So you can check the checks. For easier account reconciliation. And the returned checks are also proof of payment.93 words
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Advertisement153 1977-06-20 1 IHPH American Bank We work hard to make your money work for you American Express International Banking Corporation Shmg K«an House 4 Shenton Way Singapore i Tel 220 2311 Telen RS ***** Cable AMEXBANK FLIGHT 712/ THE TOKYO EXPRESS I JRs U' NEW YORK VANCOUVER J£,\- WSAN m. FRANCISCO 1153 words
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Article652 1977-06-20 2 IT 18 perhaps fortunate that In general terms the real poor of the world are also those who either cannot read or lack the purchasing power to lay their eyes on the world's press. Even those who were able to read must have been blinded by salt tears652 words
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REVIEWS
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Article, Illustration1044 1977-06-20 2 JEFFREY BRADLEY - OPERA, By JEFFREY BRADLEY AP HE WANTED to become a bullfighter or soccer star, but Instead Spanish-born Placldo Domingo has had to settle for being one of the world's greatest operatic tenors. He Is the Caruso of this generation, say his admirers, who haveAP - 1,044 words
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634 1977-06-20 2 ROY REED - By ROY REED NYT AS A holiday, Bloomsday has the sanction of neither church nor state. There are no fireworks or parades and nobody gets the day off from work, except by stealth. But wherever one or two James Joyce fans gathered together on JuneNYT - 634 words
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569 1977-06-20 2 CKT - MUSIC By CKT NO DOUBT opera still suffers from the stranglehold of its two exceptionally vocal consumptives, Violetta and Mimi. BELL TELEPHONE LABS: It defies all IC logic. CKT: What? That consumptives could be vocal? BELL: No, no. The stranglehold569 words
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Article, Illustration800 1977-06-20 3 CHRISTOPHER LEHMANN-HAUPT - f BOOKS By CHRISTOPHER LEHMANN-HAUPT NYT The Path Between The Seas: The Creation Of The Panama Canal, 1870-1914. By David McCullough. 698 pages. Illustrated. Simon and Schuster. U5514.95. THE French started it and the Americans finished it, I seem to recall a parent tellingNYT; UPI picture - 800 words
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757 1977-06-20 3 WILLIAM SHANNON - By WILLIAM SHANNON NYT The History Of The German Resistance 1933-1945. By Peter Hoffmann. Translated from The German by Richard Barrv. H47 pages. The Mit Press. $19.95. THE struggle by Germans from diverse backgrounds to overthrow Adolf Hitler and the Nazi regime has anNYT - 757 words
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Article, Illustration890 1977-06-20 3 Annie Wee - By Annie Wee Mr*. Wee is an assistant vice-president with Citibank in Singapore. WEEKDAYS: Just as I was beginning to settle Into a routine of management meetings and had organised my week around them, my boss dropped the bombshell, i.e. he would be dispensing with one and890 words
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Article, Illustration968 1977-06-20 3 ANNA KISSELGOFF - By ANNA KISSELGOFF NYT "IF YOU say Beethoven or Franz Lehar." declared George Balanchine. "then I prefer Lehar. He Is more Interesting. less boring." True to form, it is the New York City Ballet's artistic director at his most provocative again. And it isNYT - 968 words
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Page 2 Advertisements
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Advertisement25 1977-06-20 2 V A y. «V 3* MP N 1 LEADING MENSWEAR TAILORS STORE OUTFITTERS HIGH ST CENTRE OCEAN BUILDING SUPREME HOUSE •GOODWOOD, HILTON, RAFFLES HOTELS'COLD STORAGE25 words
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Page 2 Miscellaneous
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Miscellaneous528 1977-06-20 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Not the complete footballer? (4) 4 Extended feast? (6) 8 It reduces criminal awfulness (3) 10 Punitive politician? (4) 13 Like a good time baby has?(8) 14 Toils of the party (7) 15 Stolen water? (6) 17 Fix up a dance for an eccentric528 words
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Miscellaneous323 1977-06-20 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on June 19 at Singapore airport. Maximum Temperature 32° C Associated Humidity 65 Minimum Temperature 24 °C Associated Humidity 100 Hours of Sunshine 8.7 Rainfall in Millimetres Nil Total Rainfall for the Month 184 Total Rainy Days for the323 words
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Page 3 Advertisements
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Advertisement52 1977-06-20 3 Executive's Lunch Special M /a Mondays Bouillabaisse Marseilles m j* 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 (plus3°'o Government Tax) !\o Service Charge tararia/ For reservations. Tel: *****52 words
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Advertisement358 1977-06-20 3 Corporate Banking Services in the Far East C 7 C hint sc Opera mask frohi the Pei-dee D\nast\ 1 /> I Ins mask was use J as a t:uu!e for face-pamimv. Wardley Limited carries out merchant banking activities in the Far East. Based in Hong Kong, Wardley provides banking, advisory358 words
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Article, Illustration974 1977-06-20 4 RODERICK ORAM - By RODERICK ORAM NYT "THAT'S Mint Corner," remarked Eric Brown, president of Canada Permanent, as he looked down from his stately 17th floor office to the intersection of King and Bay streets a block to the south, where a bank tower standsNYT - 974 words
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590 1977-06-20 4 ELIZABETH FLOWLER - By ELIZABETH FLOWLER NYT THE simple biological fact that women tend to live longer than men has begun to cause some concern among pension-fund managers, top managements of some -companies, insurance companies and lawyers. Actuarial tables show that a 60-year-old woman, for example,NYT - 590 words
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OVERSEAS
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679 1977-06-20 4 OFTEN USED TO TREAT DIARRHOEA NYT NEW YORK. Sun. A leading medical Journal has urged a ban on an often used anti-diarrhoea drug that sometimes can blind and permanently damage the brain and central nervous system. The drug is Entero-Vio-form, orNYT - 679 words
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Article252 1977-06-20 4 Reuter ZURICH. Sun. Association of Foreign Banks in Switzerland president Erik Gasser said he expects a slowdown in the growth of portfolio management business in the aftermath of Credit Suisse's losses at Chiasso. "In the light of the events of the last few months, it canReuter - 252 words
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Article86 1977-06-20 4 Reuter ALEXANDRIA. Sun. Barclays, one of Britain's biggest banks, has been taken off the Arab boycott blacklist, the boycott commissioner. General Mohamed Mahgoub. said over the weekend. Mr. Mahgoub said that during the current meeting of the Arab League boycott of Israel conference. Barclays had submittedReuter - 86 words
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Article571 1977-06-20 4 ARRIVALS Service Local Operator Number Time From CPA CX003 0145 HKO SAS SK097 0640 CPH/THR/BKK MAS MH682 0810 KCH CPA CX710 1000 HLP SIA SQ211 1015 HLP QIA QA980 1030 HLP THAI TG423 1035 BKK OIA GA908 1100 MES PAL PR501 1115 MNL SIA SQ240 1140 MES571 words
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Page 4 Advertisements
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Advertisement164 1977-06-20 4 P3 "atsiH nuru v. *-j> Government of Malaysia U. S. $100,000,000 Euro-dollar term loan MANAGED BY: Morgan Guaranty Trust Company of New York, Agent Arab-Malaysian Development Bank Berhad The Bank of Tokyo, Ltd. COMPAGNIE FINANCIERE DE LA DEUTSCHE BANK AG Bank of America nt sa Chase Manhattan Asia Limited Lloyds164 words
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INTERNATIONAL COMPANY NEWS
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Article181 1977-06-20 5 Reuter PARIS. Sun. Dresdner Bank should have good overall results this year, following net profits of 142.9 million marks In 1976. managing board spokesman Mr. Juergen Ponto said. However, he told a press conference higher personnel costs are a constant cause of concern. Dresdner sharesReuter - 181 words
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Article117 1977-06-20 5 Reuter GARDEN CITY. NY Sun. Avis has withdrawn its appeal against the order of the US District Court in Hartford which authorized the sale to Norton Simon of 47 per cent of Avis stock held by trustee Mr. Richard Joyce Smith. Avis said it hadReuter - 117 words
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Article68 1977-06-20 5 Reuter LONDON, Sun. Ford Motor has laid off 6,400 workers at its Dagenham plant because pickets are preventing supplies entering the site. The pickets are pressing a claim for a 80 per cent pay during lay-offs caused by internal disputes. Their action has so far meantReuter - 68 words
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Article146 1977-06-20 5 Reuter PERTH. Sun. All stock exchanges in Australia have suspended trading in the shares of Allied Minerals at the company's request. Allied said it requested the suspension pending substantive discussions with Du Pont (Australia) regarding Allied's continued involvement in the loss-making Allied Eneabba's Mineral Sands operationReuter - 146 words
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Article225 1977-06-20 5 Reuter SYDNEY, Sun. Australian National Industries (ANI) said it will offer A 54.10 cash for each 50 cent nominal share In Capitol l Motors and added that it has already purchased the 48/8 per cent holding of founder and chairman, Mr. Arnold Glass. The ANIReuter - 225 words
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Article62 1977-06-20 5 Reuter MELBOURNE. Sun. The Melbourne Stock Exchange said it agreed to suspend trading in the shares of Alliance Oil Development Australia at the company's request pending completion of its capital reconstruction. The suspension is effective from the close of trading last Friday. The effective date of the reconstructionReuter - 62 words
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168 1977-06-20 5 Reuter NEW YORK. Sun. Chase Manhattan Corp has placed' directly $130 million 7Vi per cent preferred stock without par value at $1,000 per share. Proceeds will be invested in capital stock of the holding company's principal subsidiary. Chase Manhattan Bank N.A. as itReuter - 168 words
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Article361 1977-06-20 5 LONDON.Sun: It was In March that attention was drawn here to the undeniable air of excitement in the Anglo American Corporation camp about the prospects for Ergo, or the East Rand Oold and Uranium Company to give It its full title. This project in361 words
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Article90 1977-06-20 5 Reuter LONDON, Sun. A. Gallenkamp said discussions are in progress which might lead to an offer being made by Fisons for the whole of its issued share capital. If merger terms are agreed. Fisons would propose to make an appropriate offer to the holders ofReuter - 90 words
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Page 5 Advertisements
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Advertisement1132 1977-06-20 5 o* CO O J Swiss Bank Corporation 1976 in facts and figures The Swiss Bank Corporation in 1976 1976 was a period of consolidation for the bank. At the end of the year, total assets amounted to Sfr. ***** million, Sfr. 2900 million or 5.9% more than the year before.1,132 words
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COMPANY NEWS
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1054 1977-06-20 6 SHAREHOLDERS in Worldwide Holdings have voted in favour of the company's sale of its ill-fated investment in Florida property concern, Overseas United International and purchase of shares in the Rex Hotel (Whitley Bay), a private UK company. But the Kuala Lumpur Stock1,054 words
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Article712 1977-06-20 6 Current payment Ex Date Date payable Total for the year Total for previous year O.U.T. 12% June 7 June 20 12% 11% Setron 12.5% June 6 June 20 12.5% 10%TE Taiping Textile* Hong Leong 5%TE 12% May 18 June 7 June 20 June 21 5%TE 12% Nil 12%712 words
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COMPANY MEETINGS
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Article23 1977-06-20 6 THE following company meetings are due: June 20. 11.30 a.m., Registered Office, 'Birch House'. 73 Jalan Datuk Keramat, Penang.23 words
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Article19 1977-06-20 6 June 20.11.45 a.m.. at Mandarin Court A, 4th Floor, Mandarin Hotel. Orchard Road, Singapore 9.19 words
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Article20 1977-06-20 6 June 20, 12 noon, at Mandarin Court A. 4th Floor, Mandarin Hotel. Orchard Road, Singapore 9.20 words
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Article15 1977-06-20 6 June 20, 3 p.m.. U.O.B. Building. 4th Floor. 1 Bonham Street. Singapore 1.15 words
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Article21 1977-06-20 6 nvug June 20. 4 p.m.. 24th Floor, Hong Leong Building, 16 Raffles Quay, Singapore. n 1 UBI.U.21 words
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23 1977-06-20 6 June 22, 10 a.m., at Conference Room 3, The Regent of Kuala Lumpur. m W A tI A U.23 words
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Article21 1977-06-20 6 June 22, 10 a.m.. Registered Office, 3rd Floor. Tan Chong Building. 62-68 Jalan Ipoh, Kuala Lumpur.21 words
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Article12 1977-06-20 6 June 22 2.30 p.m., 70 Jalan Ampang. Kuala Lumpur.12 words
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Article15 1977-06-20 6 June 23. 12 noon, 11th Floor. Supreme House, Penang Road. Singapore 9.15 words
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18 1977-06-20 6 June 23, 3 *4 in p.m.. Registered Office, 70 Jalan Ampang. Kuala Lumpur.18 words
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Article18 1977-06-20 6 June 24. 10 a.m., 6th Floor. Bangkok Bank Building 105 Jalan Bandar. Kuala Lumpur.18 words
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14 1977-06-20 6 June 24,11 a.m.. 172 Jalan Datin Halimah, Johor Baru.14 words
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Article2381 1977-06-20 6 I \n%/\vn Hi«k Low Comptay 1 Last imim We* +orO't Gr'a Net Week Dhr Dtr Y'U P/E Vel Week Crt High Low 1 I SECTION ONE INDUSTRIALS 153 139 204 92% 215 101 198* 163 219 392 136 127 174 58 212 57 155 1522,381 words
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Page 6 Advertisements
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Advertisement17 1977-06-20 6 I I I X i t found only in the :i.'jMCaEE II •i m LI < fi to17 words
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INTERNATIONAL STOCK MARKETS
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Article334 1977-06-20 7 AMSTERDAM: The market waa narrowly mixed although gains slightly predominated in dull trading on Friday. Dutch internationals were on balance lower led by Unilever which fell 1.20. Royal Dutch and AKZO rose slightly. Elsewhere most sectors were slightly firmer The sharpest losses were made by Deli, down 1.50 guilders.334 words
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Article106 1977-06-20 7 Due to technical difficulties at Reuters, the Brussels bourse report was not available. JUNE 17 Frs FORWARD MARKET Arm- 321 unch Arbed 2445 -10 Astur 870 +6 Bra scan 458 -2 Bru-Lamb 1620 unch Canpac 632 unch Ox-It 526 -6 IV Beers 116 +2 Fhes 2085 *10 FVrtrobel 5900106 words
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Article234 1977-06-20 7 ZURICH: The bourse was mainly steady, with changes small dealers said on Friday Among banks. KrediUnstalt bearer lost some ground Interfood rose among flnancials. Insurances were rather easier, particularly Rueckversicherung bearer and Winterthur. Among industrials Nestle bearer was firmer. In the foreign sector, dollar stocks ruled very steady in234 words
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Article410 1977-06-20 7 JOHANNESBURGE: Gold shares were easier on the stock exchange on Friday in line with the lower bullion price, dealers said. Losses up to 55 cents were shown among heavyweights while losses of up to 20 cents were shown In medium and lightweights. Mining financlals tended easier and Johnies lost410 words
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Article305 1977-06-20 7 TORONTO: The market closed sharply higher In moderate trading with the composite index up almost 6-''j points and advances leading declines 247 to 149 on Friday. Transportation issues led the rally, gaining more than 23 points on index while industrial products and financial services also saw double-digit advances. Among305 words
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Article75 1977-06-20 7 MILAN: The market closed quietly firmer on Friday, partially recovering Thursday's losses, dealers said. Among leading industrials Fiat, both Pirellis, Snia Viscosa and Anic were marginally higher while Montedison failed to regain the previous day's losses. Generate Immobiliare was virtually unchanged. Assicuraxioni Generali gained In firmer Insurances as did75 words
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Article371 1977-06-20 7 PARIS: The market firmed in active trading following a fall In french call money, the trade figures and signs of greater stability in the French coalition government, dealers said on Friday. Creusot-Loire advanced following announcement of an Iranian order for two nuclear power stations, as did CGE and Thomson-OIF371 words
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Article1172 1977-06-20 7 NEW YORK: Stock prices showed little overall change after opening on a lower tone on Friday as Investors responded favorably to signs of calmness on the Interest rate front. Initial weakness was attributed to concern about possible credit tightening by the Federal Reserve, after Thursday's report of a1,172 words
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Article1304 1977-06-20 7 On June 17 TRADING In options on the Chicago Board options exchange on Friday came to 76,134 contracts compared with 93,899 contracts on Thursday. OPTION AUO NOV FEB STOCK Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AUR AUR Avon Avon Avon SO 80 591,304 words
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Article66 1977-06-20 7 FINANCIAL TIMES INDUSTRIALS Friday 441.6 Thursday 443.5 Week Ago 449.4 DOW JONES AVERAGE INDUSTRIALS Friday 920 45 Thursday 920.45 Week Ago 910.79 LONDON DOLLAR PREMIUM Friday 114V, to 114* Thursday 114 to 1144 H.K. HANG SENG Friday 439 78 Thursday 438.39 Week ago 448.30 SYDNEY INDUSTRIALS Friday 374.48 Thursday66 words
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136 1977-06-20 7 BUSINESS TIMES INDUSTRIAL GROUP INDICES (BASE YEAR: JANUARY 4, 1971 100) itn/n Weak* ■U Poinl Hick Law IadartrtalQrwv I0U im Ckaa** 210.M 146.90 Automotive 191.48 191 .M 0.19 496.57 362 92 Banks. laratMM.nntim wid Trustees 308.06 3TC.M -10.M 164 62 136.90 Chmlctli, Rubber Product*, 144.97 169 M 2.M 161.16 Refining136 words
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Article763 1977-06-20 7 NYT STOCK prices edged higher last week, but the limelight In Wall Street clearly belonged to the bond market a sector almost given up for dead only a few years ago. The Dow Jones Industrial average, finishing at 920.45, moved ahead 9.66 points for theNYT - 763 words
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Article362 1977-06-20 7 AFP TOKYO. Sun. Recovering from a two-month low, stock market prices forged ahead on bargain hunting led off institutional investors last week. The market drifted lower in the first two days of the week with investors on the sidelines amid concern over export prospects stemming fromAFP - 362 words
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Page 7 Advertisements
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Advertisement347 1977-06-20 7 Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar ma I am! Because Penguin books are rather special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational 34 Liti-i MiUIIKi quite unlike the347 words
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COMMODITY REPORTS AND PRICES
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Article153 1977-06-20 8 LONDON. Sun. Terminal on Friday closed hesitant ahead of the weekend, mostly 0.90 pence (Jly/ Sep 49.60 pence seller) to 0.40 pence down from Thursday night. Volume totalled five lots at five tonnes and 288 lots at 15 tonnes with no further options posted during the afternoon153 words
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Article182 1977-06-20 8 THE Straits tin price in Penang on Saturday was up $18 to $1,455 on an official offering up 19 tonnes to 192 tonnes. In LONDON on Friday, tin on the day fell C 7 for Cash and Cll for Three Months in both contracts. The market fluctuated around182 words
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Article271 1977-06-20 8 CHINKSK PROIH'C'E EXCHANGE. SINGAPORE NOON CLOSING PHK'ES PER PICUL YESTERDAY. Coconut Oil: Bulk $87sellers, old drum $92' sellers, new drum $97' i sellers Copra Mixed (loose) UK/Cont $55 buyers Pepper Muntok ASTA white f ob 10©"- NLW $400 sellers. Sarawak white fob 96";. NLW $380 sellers Sarawak special black271 words
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Article275 1977-06-20 8 LONDON. Sun. Copper wirebars showed gains on the day of L' 3.50 for Cash and L 2.50 for Three Months on Friday. Dealers said the market traded within a narrow range in very slow trading with the marginally lower trend at New York tending to restrain any recovery. Some275 words
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Article340 1977-06-20 8 Source: Swiss Bank Corp., Zurich RETAIL prices per tael Suoted by the Singapore hinese Gold and Silver Merchants Association are $445 for 90 per cent gold, $465 for 22 k gold and $500 for 24 k gold. In LONDON, on Friday, gold finished the day easier at $138.75/139.50 anSource: Swiss Bank Corp., Zurich - 340 words
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Article193 1977-06-20 8 LONDON, Sun. Silver on Friday closed 2.3 to2.4&ence lower on the day. The sagging trend at New York brought out small liquidation which took Three Months down to 260.5 pence in the ring and to 260.4 pence on the kerb before final business at 260.6 pence. Sales of 83193 words
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Article43 1977-06-20 8 LONDON, Sun. Zinc finished CO. 50 up for Cash and C 0.25 lower for Three Months on Friday. The market held basically steady In routine trading around the C 332 level for Three Months. Sales of 2.500 tonnes were about half carries.43 words
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Article45 1977-06-20 8 LONDON, Sun. Lead gained C 2.50 for Cash and C 2 for Three Months on Friday. Small weekend covering support held the market around morning closing levels with Three Months touching C 336 before light profit-taking pared the position. Sales were only 1,500 tonnes.45 words
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Article74 1977-06-20 8 C.I.F. Rotterdam prices quoted in London on Friday in US dollars per ton Malaysia 5H f fa bulk Aug FrMay unch rrr». SOON Sumatra 5* Jun 62telr July AUf Sept •ISatr 612.SOpd eOTSOslr 002 SO/0O5pd 802 50«lr 907.SOpd Nov unch 027 SOpd Dec unch Stt.SOpd Jan unch saopd74 words
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Article49 1977-06-20 8 JlIM 11 Jin 14 JOBS II Jwll June 17 JIM 1$ •Tin: $1,435.00 tl,416.00 $1,430.00 $1,427.00 $1,437.00 $1.469 00 Tonne: 225 212 Ml 190 173 19k jRubber(S) 194.29 102.90 193.90 190 00 190.90 (M) 199.90 183.90 194.29 190.75 191.29 per plcul t cent* per kilo49 words
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Article509 1977-06-20 8 LONDON. Sun. Near positions moved smartly ahead on Friday, erasing previous losses as fresh buying developed in early afternoon trading following the recovery in New York's July •*C" contract position, dealers said. July gained some £90 against Thursday night to trade at £2,300 after touching a high of £2,353509 words
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Article240 1977-06-20 8 LONDON, Sun. Futures lost further ground late morning under mixed selling and closed easy on Friday with declines from Thursday night of C 74.50 (near Jly at £2,820) to €55.50 per tonne. End session levels were around the morning's lows. Terminal cocoa rallied on outsider short-covering at mid-afternoon but240 words
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Article122 1977-06-20 8 CHICAGO. Sun. Wheat futures finished the session unchanged on Friday in near July and September but off v« to two cents a bushel in other months. Prices fluctuated to either side of the previous close during the session, with initial firmness on the continued low level of farmer selling122 words
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Article166 1977-06-20 8 LONDON, Sun. Terminal sugar ruled steady on light afternoon short-covering, and closed at or lust below newly-established highs for the day on Friday. Gains from Thursday night ranged from £2.80 (near Aug at £119 bid) to £0.90 per tonne. In NEW YORK on Friday, world sugar futures held steady166 words
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Article304 1977-06-20 8 Reuter BANGKOK, Sun. The rice market was fairly active in the past week with business concluded in both the government and private sectors, trade sources said. With orders flooding the market, the commerce ministry agreed to extend the shipment deadline from June to August this year. Iraq has awardedReuter - 304 words
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Article234 1977-06-20 8 HONGKONG, Sun A sharp rise In prices on the final day highlighted last week's trading on the Hongkong cotton futures market. The upper limit of two US cents was reached soon after the opening bell on Friday in line with Thursday's upturn in New York. October gained 3.35234 words
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Article122 1977-06-20 8 CHICAGO, Sun. Soybean futures again collapsed late in the session on Friday and finished with losses ranglne from the 30 cent a bushel limit in the July to 22 cents. Heavy selling by speculators, which appeared to be mostly liquidation, put pressure on prices after early firmness in nearbys122 words
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836 1977-06-20 8 IF THE current declining trend In the global coffee bean market persists, coffee drinkers In Singapore may along with the rest of the world expect a price cut in the not too distant future. Interrupted only by occasional reactions, the coffee price has come836 words
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MONEY AND EXCHANGES
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Article179 1977-06-20 8 IN the first half of last week's trading, the US dollar weakened against most currencies after Morgan Guaranty New York cut its prime rate to 6 1/2 per cent from 6 3/4 per cent. Despite that negative factor it edged marginally higher to 2.4642-45 against the SS as compared179 words
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Article35 1977-06-20 8 ACBC 6 l IH Citibank 6 v < Bangkok Bank 7 hsbc «H IH CH Bank of Chtea 7 CH l«k Mitsui Bank m Bank Negara OCBC «H UCB 7 UMBO (JOB 735 words
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Article294 1977-06-20 8 Asian rates Source: Astley Pearce THE ACU dollar market started on a very quiet note last week with rates tending to be easier. Towards the middle of the week, short dates shed 1/8 and the Sixes dropped 3/16. However, an increase of 1.1 per cent In the industrial productive indexSource: Astley & Pearce - 294 words
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Article74 1977-06-20 8 OVERNIGHT rate opened firm at stt per cent last week. It resulted In dealers looking to the term periods for their funding requirements. The One was actively traded to 4 11/16 per cent. By Friday, however overnight collpased to close at 3 2 1/2 per cent. The terms74 words
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Article40 1977-06-20 8 FOR the week ended Friday June 17, the range of call rates received from Short Deposits (M) Berhad was as follows: BANK FUND IS to 4** GENERAL FUNDS: 1%% to 4H Movements of funds totalled $321 million.40 words
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Article399 1977-06-20 8 Source: International Discount Company Limited CONDITIONS In the money market remained firm for the major part of last week but eased off slightly towards the close. Interbank overnight which was mainly done around the 5 per cent region during the week, closed at 3 per cent on Friday.Source: International Discount Company Limited - 399 words
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Article133 1977-06-20 8 NEW YORK. Sun. The Spanish peseta fell further on Friday in fairly active afternoon trading, depressed by reluctance to hold the currency over the weekend, dealers said. They said although fears of a weekend devaluation following the Spanish election had lessened by the close, the rate had declined133 words
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Article176 1977-06-20 8 Euro rates LONDON. Sun. Eurodollar deposits on Friday closed easier on the day in quiet trading, dealers said. Periods showed losses and gains of 1/16 from One Month through One Year. One and Two Months closed a fraction down from the opening while Three to Five Months gained 1/16. Four176 words
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Article497 1977-06-20 8 ZURICH, Sun. The foreign exchange markets last week experienced some gains In the Japanese yen and a slightly weaker tone of the dollar. The Canadian dollar also declined, while sterling and the French franc were able to improve somewhat. Main reason for the dollar's losses was the unexpected reduction497 words
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Article216 1977-06-20 8 LONDON, Sun. The Spanish peseta regained its early levels in modest trading on Friday as speculation of an immediate devaluation of the unit over the weekend subsided, dealers said. Elsewhere, sterling edged slightly higher in quiet trading after the year on year retail price rise slackened to 17.1 per216 words
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Advertisement189 1977-06-20 8 MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASIA RESEARCH RULLETIN r This unique publication offers businessmen each month a comprehensive guide to the latest developments that have token ploce in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is189 words
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Article, Illustration1589 1977-06-20 9 HUGH McILVANNEY - The lost delusions of Don Revie's players from HUGH McILVANNEY The Observer THE door that was slammed in Helsinki last week sent a chilling draught all the way down to Rio. We knew, of course, that only a miraculous stumble by Italy againstThe Observer - 1,589 words
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MONDAY SPORTS
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Article, Illustration833 1977-06-20 9 TALIB Haron of Keppel had a busy but a profitable Sunday. He won the Seletar Open golf championship in the morning and finished second in the Asian Cup trials held in the afternoon at New Course. He shot a sizzling two-over-par833 words
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788 1977-06-20 9 PETER DOBEREINER - PETER DOBEREINER TIME was when the gold medal for the Amateur Championship was fat enough to cap the Incisors of a hundred Lebanese tax drivers. When I was privileged to inspect the Aladdin's cave of Joe Carr's trophy case, I noticed that788 words
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Article676 1977-06-20 9 NYT TULSA, Oklahoma. He is know as "the world's greatest putter" and as "America's guest." His name is George Low and he's 65 years old and wherever there is a big golf tournament, he's there. Out on the Southern Hills Country Club course last Friday, golfersNYT - 676 words
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653 1977-06-20 9 UPI NEW YORK. Sun. Hollywood stuntman Hal Need ham expects to crash through the sound barrier this summer on dry land. His vehicle, which travels on three metal wheels and Is propelled by a 48,000 horsepower rocket engine, already has gone 988 kphUPI - 653 words
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Advertisement197 1977-06-20 9 beautifully right on target! The Variant The tungsten dart plus-over 300 combinations of weight and balance. The versatile Variant permits the player to custom balance to his own preference by varying the number and placement of individual weights. The front and rear sections are made of stainless steel and each197 words
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462 1977-06-20 10 AMERICAN banks will continue to keep their smallclient business at a low even decreasing level in Singapore, despite the harsh war being waged in the US for the deposits of the ordinary customer. It Is a question of horses for courses,462 words
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Article219 1977-06-20 10 AFP HONGKONG. Sun. Chase Manhattan Asia, a Hongkong-based regional merchant bank established in December 1975, announced today that its profit after tax for the year 1976 exceeded US$4 million (Ss9.B million). By the end of last year, its total assets had grown to $408.6 million,AFP - 219 words
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96 1977-06-20 10 AFP TOKYO, Sun. The aggregate debt of businesses suspended from bank transactions In May was 188,500 million yen (551.66 billion) an alltime high, it was reported yesterday. The debt total was 69 per cent more than in April and 93 per cent higher thanAFP - 96 words
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Article119 1977-06-20 10 Reuter BANGKOK. Sun. The Board of Investment (BOI) said promotional privileges will not be granted to new shipping lines operating between Thailand and Japan. The board said the number of shipping companies operating on the Thailand Japan route is adequate and all have plansReuter - 119 words
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315 1977-06-20 10 Reuter PARIS, Sun. The Soviet Union is likely to face a growing number of debt relief requests from developing countries which it may have to accept, the Organisation for Economic Cooperation and Development said. Otherwise total repayments by the developing countries areReuter - 315 words
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Article165 1977-06-20 10 THE alarmingly high rate of accidents and fatalities in the Singapore shipbuilding and repairing industry is due partially to the industry's rapid growth over the past decade. This was said by Mr. Chua Chor Teck, managing director of Keppel Shipyard, in an article entitled "Better165 words
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685 1977-06-20 10 COLD Storage Holdings Is to sell off 30 per cent of the share capital of Supermarkets Malavsia. Its wholly-owned subsidiary, to Kumpulan Flma for $7.2 million. The agreement, signed last month and made known over the weekend also gives Kumpulan Flma685 words
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652 1977-06-20 10 IN THE last four years, trade between Singapore and Indonesia has been increasing at a faster pace than the total growth in global trade of either country. An analysis of the figures released by Dr. Muljana Wiramaatmadja, president of the Indonesian Business Association of Singapore652 words
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234 1977-06-20 10 AFP KUALA LUMPUR, Sun. Malaysia's shortage of medical personnel may soon be further aggravated with the exodus of a sizeable number of nurses and other professionals to take up high-salaried Jobs in WestAsia. More than 60 qualified nurses and several doctors have responded to anAFP - 234 words
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168 1977-06-20 10 AP ABU DHABI, Sun. Three of the seven emirates making up this Persian Gulf federation have refused to contribute to this year's federal buget. Government sources reported over the weekend. Dubai. Ras Al Khalmah and Umm Al Qlwaln felt that contributing to theAP - 168 words
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305 1977-06-20 10 Reuter MANILA, Sun. A Philippine newspaper columnist said yesterday that journalists from Asean were moving collectively to free themselves and their region from what he called the "unwholesome Influence of the Western press." Teodoro Valencia, in an article carried by the official News Agency,Reuter - 305 words
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356 1977-06-20 10 BOTH sides appear to be winning in the battle for Singapore's $1 million-plus per month lollipop market. And spurred by the successes of the two major combatants, a newcomer is making the scene this week. The contest was kicked off early last month when356 words
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254 1977-06-20 10 AFP TOKYO. Sun. The Transport Ministry yesterday banned the US Flying Tiger Airline from making offroute charter flights to Tokyo international airport at Haneda. The move was in retaliation against a US Civil Aeronautics Board ban on the national flag carrier Japan Air Lines' off-routeAFP - 254 words
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Article175 1977-06-20 10 Reuter SEOUL. Sun. South Korea's Gross National Product (GNP) grew by 9.3 per cent in real terms during the first quarter of this year over the corresponding period last year, according to provisional figures released yesterday. The Bank of Korea, in releasing the provisional figures,Reuter - 175 words
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Article160 1977-06-20 10 AFP TOKYO. Sun. The Japanese Government has announced a plan to relieve the textile industry suffering from a serious slump. Under the plan, wool and cotton spinning, cotton textile. synthetic textile and knitted goods industries become eligible for government aid as victims of the recession.AFP - 160 words
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Article156 1977-06-20 10 Reuter MANILA. Sun. US Agriculture Secretary Bob Bergland yesterday said the United States would support the establishment of an international food security system and a world body to supervise stocking and movement of food reserves. Mr. Bergland made the statement during a tour of theReuter - 156 words
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Advertisement20 1977-06-20 10 4* ■<: 0^ 51 OKIKtICAP is<juKmi:c w y m v<£Ny 262-264 River Valley Road.Tel *****31 Park mq available atOberoi Impenal Hotel20 words
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Advertisement15 1977-06-20 10 3 2 m m 'SI '4> 7s. w w Va r/'M v. yyy^y/^ S-J KB15 words
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