The Business Times, 22 June 1977

Microfilm: NL9307
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    9 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, JUNE 22, 1977 50CENTS
    9 words
  • NEWS IN BRIEF
    • Article
      Lock icon Collision course
      75 1 AP LONDON, Tues. Britain and America prepared to cut direct air passenger services between each other today affecting Asian points and Hongkong as negotiators reported deep differences on basic principles for a new commercial air agreement. The breach that many experts had called unthinkable "is a real possibility,"
      AP  -  75 words
    • Article
      Lock icon Loans for Burma
      55 1 UPI TOKYO, Tues. Japan has agreed to provide Burma with loans totalling 28.54 billion yen (***** million), the Government announced today. The announcement said 19.54 billion yen will be used to purchase goods and services from Japan and the remaining nine billion yen will be used to
      UPI  -  55 words
    • Article
      Lock icon Reds assume power
      66 1 AP NEW DELHI, Tues. Amid deep apprehensions among India's middle class, a communist party government formally assumes power today In the politically volatile state of West Bengal. At a swearlng-ln ceremony In the state capital of Calcutta, Jyotl Basu of the Communist Party of India became Chief
      AP  -  66 words
    • Article
      Lock icon Food reserves
      39 1 AFP MANILA, Tues. The world's biggest food producers and exporters today agreed there was a need to set up an international food reserves system but reminded importing nations they must share the burdens of maintaining it. AFP
      AFP  -  39 words
    • Article
      Refugee aid for Sabah
      59 1 KOTA KINABALU, Tues. The United Nations High Commission for Refugees will give a US$l million (552.5 million) aid to the Sabah Government for the resettlement of the 90,000 Filipino refugees In the state. The commission has also agreed in principle to give a further $4.5 million
      59 words
    • Article
      A people's company
      66 1 KUALA LUMPUR, Tues. The Multi-Purpose Holding Berhad has surpassed the Mss million minimum target required to enable it to go into business, MCA president Datuk Lee San Choon said today. "Share subscriptions are still pouring in from all over the country, mostly from the common people, making
      66 words
    • Article
      Lock icon Dow Jones
      74 1 UPI NEW YORK, Tues. Stocks staged a heavily traded rally early today In response to a government report Indicating Inflation had eased. The Dow Jones Industrial average, which gained 3.82 points yesterday, was ahead 4.50 points to 928.77 shortly before the first hour of trading. The average gained
      UPI  -  74 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      182 1 SOME active support in the last hour of trading enabled the Singapore stock market to finish higher yesterday. The market had ruled lower in dull and featureless conditions for the better part of the day. At the close, the Business Times index rose 3.45 points to 309.93
      182 words
    • Article
      In Kuala Lumpur
      123 1 Rises Most active M Tobacco 5 60 .10 G. Lumper 480,000 Premium 0 90 .09 Haw Par 413.000 C. Sugars 3 20 .08 Pacific Dev 228.000 Tronoh 3 66 .06 Premium Hold 166.000 M. Flour 2.85 .05 Total Turnover: 2.99 M Dunlop Ind. 3.40 .04 Total Value:
      123 words
  • Article, Illustration
    Manufacturing won't be the main boost
    979 1  -  THIS YEAR'S ECONOMIC GROWTH BY JOHN TAN THE manufacturing sector is not going to be the powerhouse behind whatever economic growth Singapore enjoys this year. Many major industries are showing very slack growth trends, some are even going backwards. What may be worse Is
    979 words
  • Article
    Potts leaving S'pore by end of month
    669 1 MR T.H.A. POTTS, a prominent local lawyer, will resign as chairman of Singapore Glass and Malaysian Containers at their respective annual general meetings on June 27 and 29. In an interview with Business Times. Mr. Potts, who is the senior partner of Rodyk
    669 words
  • Article
    Airline and pilots at odds on NWC
    370 1 SINGAPORE AIRLINES and its pilots put forward different interpretations of how to Implement the 1976 National Wage Council's wage increase recommendations. In the Industrial Arbitration Court yesterday, SlA's management, represented by its Industrial relations manager. Mr. Syn Chung Wah. claimed that its pilots
    370 words
  • Article
    JAL GROUNDED
    82 1 TOKYO, Tues. Cabin and flight crews of Japan Air Lines (JAL) today launched a 24-hour strike expected to result in cancellation of five of the airline's 20 dally international flights and 45 of its 104 domestic flights. The strike was called last night by JAL's 1,070member flight crew
    82 words
  • Article
    Talks still on to set up diesel engine plant
    312 1 DISCUSSIONS are still continuing between Economic Development Board and Asean officials on the possibility of setting up Singapore's Asean-allotted diesel engine plant. Although Asean economic ministers will be meeting here next week to finalise implementation plans for the five Asean industrial
    312 words
  • Article
    Only 20pc of employees' passages is taxable
    474 1 THE INLAND Revenue Department has announced concessionary' tax rates for employees' passages paid for by their employers. Only 20 per cent of the passage of employees and their dependants will be taxed as income of the employees. The department announced yesterday that from
    474 words
  • Article
    Lock icon Sheikh visits KL
    119 1 AFP KUALA LUMPUR. Tues. Mufti Sheikh Abdullah AlMouri of Kuwait arrived here today for a 10-day olficial visit Speaking to reporters on arrival at the Kuala Ltrinpur international airport Sheikh Abdullah said Kuwait was willing to give monetary aid to the Islamic-Arabic institutions in Malaysia whenever the
    AFP  -  119 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
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      79 words
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      Page 1 Advertisements Column 2
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      54 words
    • Advertisement
      Page 1 Advertisements Column 3
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      184 words
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  • OVERSEAS
    • Article
      Anti-trust suit against Xerox starts on Friday
      243 2 HARTFORD (Connecticut). Tues. The jury has been selected in US dristrict court for one of the largest private law suits in history a US$l.5 billion (553.7 billion) suit against Xerox Corp. for anti-trust violations. Jury selection was completed yesterday. Court officials said the
      243 words
    • Article
      Lock icon SUPREME COURT MOVE ON $900m CLAIM
      163 2 Reuter WASHINGTON. Tues. The Supreme Court directed the US Solicitor General to submit a brief expressing the government's views on a US $375 million (SS9OO million) anti-trust suit against seven multinational oil companies by independent oil producer Nelson Bunker Hunt. •The suit had been
      Reuter  -  163 words
    • Article, Illustration
      Lock icon West to push for faster rate of growth next year
      886 2 NYT PARIS, Tues i'HE MAJOR Western Industrial nations are planning. at a high level policy meeting here this week, to commit themselves to a faster overall rate of economic growth next year than they are likely to achieve In 1977.
      NYT  -  886 words
    • Article
      Lock icon A shift of payment problems in OECD
      426 2 Reuter FRANKFURT, Tues. The focal point of payments deficit problems within the OECD has shifted away from the larger countries towards the medium and smaller nations in the organisation, especially' those around the Mediterranean, Bundesbank President Otmar Emminger said. He told a bankers
      Reuter  -  426 words
    • Article
      Lock icon Canadian wheat
      107 2 Reuter MANILA. Tues. The Canadian wheat harvest can be expected to reach about 17 million tonnes this year compared with 23.5 million last year, Canada's Agriculture Minister Eugene Whelan said. Mr. Whelan told the World Food Council meeting here that Canadian wheat plantings might fall slightly short of
      Reuter  -  107 words
    • Article
      Lock icon Mexico has more in oil reserves
      199 2 Reuter MEXICO CITY, Tues Mexico's state oil company Pemex said Mexico has proven oil reserves of 14 billion barrels, 27 per cent more than originally estimated six months ago. Pemex director general •lorge Diaz Serrano told a press conference that apart from the proven
      Reuter  -  199 words
    • Article
      Lock icon Favourable balance
      63 2 AFP PRETORIA, Tues. South Africa had a favourable trade balance of US$l23 million (***** million) in the first five months of this year, compared to a deficit of $893 million in the same period last year. Preliminary trade statistics released here yesterday by the Department of Customs and
      AFP  -  63 words
    • Article
      Lock icon Guilder decline
      29 2 Reuter AMSTERDAM, Tues. Sizeable commercial transactions and disappointing trade figures in the first 1977 quarter appear as the main reasons for the guilder's present weakness, dealers said.
      Reuter  -  29 words
    • Article
      Lock icon Likud hint of West Bank deal
      371 2 AP JERUSALEM, Tues. Menachen Begin starts his first day as Prime Minister today amid signs that his Likud Bloc might give up part of the occupied West Bank In a peace treaty. Mr. Begin and his Cabinet of businessmen, clerics and ex-generals began moving
      AP  -  371 words
    • Article
      Lock icon Israeli arms sales double
      149 2 Reuter TEL AVIV. Tues. Israeli arms exports last year were worth US$B4 million (SS2O6 million) almost double the value in 1975, Mr. Michael Shor, director of the country's government-con-trolled defence Industries said yesterday. He added that orders for hundreds of millions cf dollars worth of weapons
      Reuter  -  149 words
    • Article
      Copper exporters meet
      139 2 PARIS, Tum. Ministers from some of the world's main copper exporting countries began a two-day meeting here today to discuss plans for improving their earnings, informed sources said. The five full members of Cipec (the Inter-Govern-mental Council of CopperExporting Countries) and three associate members are considering ways
      139 words
    • Article
      Lock icon New round of Arab boycott
      378 2 Reuter AP ALEXANDRIA. Tues. The Arab boycott of Israel organisation yesterday launched a new round of semi-secret economic warfare against American companies that aid the Israeli economy. A communique said boycott officers of 20 Arab countries decided to suspend shipments of raw materials to any
      Reuter; AP  -  378 words
    • Article
      Lock icon Ministers cool to loan proposal
      385 3 Reuter LUXEMBOURG, Tues. The European Economic Community finance ministers meeting here reacted cooly to a new proposal from the EEC Commission for the Community to raise one billion units of account in loans on the international capital market. EEC officials said. Only Italy's Gaetano Stammati
      Reuter  -  385 words
    • Article
      Lock icon Carter: Don't hem in airlines
      73 3 Reuter WASHINGTON, Tues. President Carter urged Congress to reduce federal regulation of airline route* and fares to increase competition in the industry. Mr. Carter, speaking at a briefing for reporters on the proposed legislation, said lower fares and more service would benefit airlines and consumers
      Reuter  -  73 words
    • Article
      Coffee, tea duties
      42 3 NEW DELHI, Tues. The Indian government today imposed an export duty on tea at the rate of five rupees (551.40) per kilo and increased the similar duty on cofee from R51.300 per 100 kilo to R52,200 per 100 kilos.
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    • Article
      Lock icon UK earnings down in April
      298 3 Reuter LONDON, Tues. UK average earnings fell a seasonally adjusted 0.4 per cent in April, bringing the year-on-year rise to 10.9 per cent, the lowest since 10.8 per cent In March 1972, provisional employment department figures show. The April figures indicate the government should meet
      Reuter  -  298 words
    • Article
      Lock icon HEALEY PLEDGE TO IMF CHIEF
      128 3 Reuter LONDON. Tues. The British Chancellor of the Exchequer, Mr. Denis Healey, said he has written to Mr Johannes Wltteveen, managing director of the International Monetary Fund, confirming he will keep the rate of domestic credit expansion within agreed bounds. In a written reply to
      Reuter  -  128 words
    • Article
      Lock icon First quarter GNP growth above forecast
      323 3 Reuter WASHINGTON, Tues. The United States' real gross national product grew at a seasonally adjusted annual rate of 6.9 per cent in the first quarter Instead of the 6.4 per cent estimated previously, the Commerce Department said. The change from last month's estimate represented
      Reuter  -  323 words
    • Article
      Lock icon Pressure on dollar by year-end?
      329 3 Reuter NEW YORK. Tues. The dollar could come under pressure In foreign exchange markets by end-1977 If the US trade balance does not Improve, Norman Robertson, chief economist of Mellon Bank NA. told a press luncheon. Mr. Robertson forecast a 1977 trade deficit of US$2O
      Reuter  -  329 words
    • Article
      Lock icon Credit Suisse plans $100m bond issue
      300 3 Reuter ZURICH. Tues. Credit Suisse plans to float a 100 million franc (Ssloo million) bond issue from Aug 15 to 19. primary market sources said. Of the total. 20 million francs will be to convert a maturing bond issue originally floated by the Mortagage
      Reuter  -  300 words
    • Article
      Lock icon Charity-Americans are all heart
      239 3 UPI WASHINGTON. Tues. Americans contributed a record U5529.4 billion (5572.3 billion) to charitable causes last year, the Association of FundRaising Counsel said yesterday. The total was an increase of 9.4 per cent over 1975 and the first year in the last three when giving to charity
      UPI  -  239 words
    • Article
      Lock icon Now accounts will benefit consumers
      186 3 Reuter WASHINGTON, lues. Treasury Secretary Michael Blumenthal said consumers will be major beneficiaries under a bill before Congress that will authorise the payment of interest on checking accounts. Mr Blumenthal. testifying before the Senate Banking Committee, said the competition which Notice of Withdrawal (NOW) accounts
      Reuter  -  186 words
    • Article
      Lock icon Fall in Saudi oil exports
      64 3 AFP NICOSIA, Tues. Saudi Arabian oil exports were down by 1.3 million barrels a day in May following the Abqaiq Oilfield fire, the Middle East Economic Survey reported here yesterday. Saudi shipments were down from 9.47 million barrels a day in April to 8.11 millions
      AFP  -  64 words
    • Article
      Lock icon INFLOWS SWELL ITALY OFFICIAL RESERVES
      395 3 Reuter ROME, Tues. Currency Inflows from short-term borrowing abroad by Italian firms are still swelling official reserves, currently estimated at over US$5 billion (Ssl2 billion), according to foreign exchange dealers here. The Bank of Italy continues to mop up large quantities of currency dally, mostly
      Reuter  -  395 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      233 2 "It looks like a classic BUnS tlpp V yer. ifefefes a sea n*« New Cortina is a superb roadhandling car in the classic European tradition. Suspension advances result in exceptional roadholdtng and stability, especially when braking. Handling is also dramatically improved with a wider track; low centre of gravity and
      233 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      286 2 1 RADIO TV SINGAPORE 5 3.00 PM Opening announcements followed by Classic Keystone Comedy Capers 3.20 Diary of Events (Malay) 3.25 General Hospital 4.05 Wild, Wild World Of Animals Rocky Mountain Bighorn (Repeat) 4.30 Intermission 6.05 Opening announcements followed by Electric Company 6.30 News in Brief 0 6.35 One Northern
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      54 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on June 21 at Singapore airport. Maximum Temperature 32.0° C Minimum Associated Humidity (5 Minimum Temperature 23.1° C Maximum Associated Humidity 97 Hours of Sunshine 8.90 Rainfall in Millimetres 3.5 Total Rainfall for the Month 199.0 Total Rainy Days
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      206 3 Ford Cortina The classic eurocar r V :v:?8??S$8c Nasi®* VK v *•<> K .<>- ■■■■<■: .■> V. Ford Cortina. Not just new a completely fresh, breathtaking breed of car from the world famous Cortina family, whose over three million international sales have created a legend in the motoring world. To
      206 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Exxon withdraws from Pactex
      89 5 Reuter EXXON PIPELINE, an affiliate of ExxonCorp, said It withdrew from the proposed west coast-to-mld-contlnent crude oil pipeline project (Pactex), due to what it called unreasonable permit requirements being proposed by California Air Quality Permitting Authorities. The company said it would consider rejoining the project if
      Reuter  -  89 words
    • Article
      Lock icon IU Overseas Finance
      45 5 Reuter IU OVERSEAS FINANCE, of the US, plans to raise a US$35 million Eurobond, due 1987, lead manager Hambros Bank said. The Issue is expected to carry a coupon of 8% per cent with the final terms expected around June 28. Reuter.
      Reuter  -  45 words
    • Article
      Lock icon Gulf-Mobil gas test report
      88 5 Reuter THE GULF-Mobil Siku E-21 gas well In the Parsons Lake Field in Mackenzie Delta tested gas from two separate zones at rates ranging from 590,000 cu metres to 820,000 cu metres per day, Gulf OH Canada said. Gulf said it is the third successful gas
      Reuter  -  88 words
    • Article
      Lock icon US firms enjoy increased profit
      79 5 Reuter PRE-TAX profit of US corporations rose at a seasonally adjusted annual rate of US$5.B billion in the first quarter instead of the $2.1 billion originally estimated, the Commerce Department said. Pre-tax profit registered $160 billion at a seasonally adjusted annual rate. Taxes amounted to
      Reuter  -  79 words
    • Article
      Lock icon SCM raises dividend
      67 5 Reuter SCM said its directors have voted to increase the quarterly dividend to 25 US cents a share from 20 cents, payable July 22 to stockholders on record on July 1. The company said the higher dividend reflects "expectations that earnings for the fiscal year ending June
      Reuter  -  67 words
    • Article
      Lock icon Warner Lambert hopeful
      82 5 Reuter WARNER LAMBERT expects a 1977 cash dividend per common share of US$l.lO compared with last year's 98 cents, chairman Mr. Burke Giblln told reporters and analysts. Net Income and net sales should be at least about 10 per cent higher'than their respective 1976 totals of $159
      Reuter  -  82 words
    • Article
      Atlantic & Pacific Tea resumes payment
      98 5 Atlantic Pacific Tea resumes payment GREAT ATLANTIC AND PACIFIC TEA said its board has voted to pay a quarterly dividend of five US cents a share. Its first since the 15 cents a share dividend in November 1974. The dividend will be paid on Aug 15 to stockholders registered on
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    • Article
      Lock icon Occidental Pet. anticipates higher earnings
      360 5 NORTH AMERICAN COMPANIES Reuter OCCIDENTAL PETROLEUM expects significantly higher net earnings in 1977 than last year's US$lB4 million and a further increase in 1978 as full production is reached in the North Sea, executive vice-president-finance Mr. John Dorgan said. He told analysts the company expects
      Reuter  -  360 words
    • Article
      Lock icon Total Pet. buoyant
      94 5 Reuter TOTAL PETROLEUM NORTH AMERICA'S first quarter results were on target, president Mr. PhilTippe Dunover said in the interim report. The company reported net earnings for the first three months of 1977 of U553.56 million (28 cents a share), compared with $1.64 million (13 cents a share)
      Reuter  -  94 words
    • Article
      Lock icon FORD TO START 1978 CARS PRODUCTION
      341 5 Reuter FORD MOTOR said it will begin building next Monday some 1978 cars labelled as 1977 models in an attempt to continue production and avoid what it termed massive layoffs because of congressional failure to pass new vehicle emission standards. The new cars will
      Reuter  -  341 words
    • Article
      Lock icon Atlas Copco begins labour talks
      206 5 EUROPEAN COMPANIES Reuter STOCKHOLM, Tues. Atlas Copco has started negotiations with labour leaders on redundancies and production cutbacks, due to the failure of a large upswing in world trade and high production costs. Company information officer Mr. Hans Johnsson said Atlas has large stocks and
      Reuter  -  206 words
    • Article
      Lock icon COUPON RATE OF GEN. OCCIDENTALE BOND
      103 5 Reuter PARIS, Tues. The 150 million franc 12-year convertible bond issue planned by Oenerale Occldentale will have a 9.75 coupon, the official bulletin said. The loan, dated July 1, is part of borro vings totalling at least 375 million francs announced by Occldentale on
      Reuter  -  103 words
    • Article
      Lock icon Walter Kidde
      35 5 Reuter LONDON. Tues. The Walter Kidde Overseas US$4O million Eurobond due 1985 has been priced at par. said lead manager Goldman Sachs. The Issue carries a coupon of B'/»per cent as Indicated.. Reuter.
      Reuter  -  35 words
    • Article
      Lock icon Royal Dutch Shell
      90 5 Reuter THE HAGUE. Tues. Royal Dutch Shell's Dutch chemicals division is making losses after the small profit in 1976. the company told a works' council meeting. It gave no figures. This is due to low prices for some products and low use of capacity In some of
      Reuter  -  90 words
    • Article
      Lock icon Austrian bonds offering
      64 5 Reuter NEW YORK. Tues. Austria said it filed a registration statement with the Securities and Exchange Commission for an offering in the US of US$lOO million of bonds consisting of $50 million in seven-year bonds due 1984 and $50 million of 15-year bonds due 1992. The offering
      Reuter  -  64 words
    • Article
      Lock icon Gist- Brocades US$20m notes
      108 5 GistBrocades US$20m notes Reuter AMSTERDAM. Tues. Gist-Brocades International plans to offer US$2O million of notes due 1985 with an indicated coupon of BWi per cent. Amsterdam-Rotterdam Bank (Amro) said. The issue price and final coupon will be set in the light of market conditions on June 28. Redemption is In
      Reuter  -  108 words
    • Article
      K. Nedlloyd
      30 5 AMSTERDAM. Tues. Subscriptions to the Koninklijke Nedlloyd Group 150 million guilder BVi per cent debenture loan due 1983/92 priced at par were fully allotted. Aigemene Bank Nederland said.
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    • Article
      Lock icon CCF plans floating rate Eurobond
      96 5 Reuter PARIS, Tues. Credit Commercial de France plans to borrow US$3O million through a floating rate Eurobond in the very near future, primary bond market sources said. They said the bank intended to borrow some weeks ago but postponed its offering when Eurodollar rates suddenly
      Reuter  -  96 words
    • Article
      Lock icon Sony profit increases sharply
      213 5 ASIAN COMPANIES Reuter TOKYO, Tues. Consolidated net profit at Sony Corporation rose sharply to i U5575.81 million in the first half-year ended April 30, 1977 from $53.9 million previously. The 41* per cent increase in earnings was achieved on a marginal decline in sales to $901.17
      Reuter  -  213 words
    • Article
      Wales new branch at Christmas Island
      198 5 SYDNEY, Tues. The Bank of New South Wales will open a branch at remote Christmas Island, in the Indian Ocean, on June 30. The Wales operates through more than 1.300 offices, including three in London, an agency in New York, and representative offices in
      198 words
    • Article
      Marinduque president for US-Europe trip
      145 5 MANILA. Tues. Marinduque Mining and Industrial president Mr. Jesus Cabarrus leaves next week for the US and Europe for talks with prospective creditors for the company's planned expansion programme, company officials told Reuters. The officials said the programme calls for increased production of nickel, cobalt
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      63 5 0* COPPER TUBE PIPE For all your requirements in: Air-conditioning Heat-exchanging Plumbing etc A, f i-" .J** -J U, £i! r MERITS: 1. Excellent quality! 2. Available even in small quantity! 3. Short delivery terms! 4. Stabilized supply! SINGAPORE KOBE PTE. LTD a subsidiary of KOBE STEEL in Japan N0.3,
      63 words
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      Page 5 Advertisements Column 2
      82 5 HEARTIEST CONGRA TULA HONS BEST WISHES TO SINGAPORE KOBE PTE. LTD ON THE COMMENCEMENT OF PRODUCTION OF COPPER TUBE PIPE From: JL KOBE STEEL, LTD REGIONAL REPRESENTATIVE OFFICE TOWER 2102 21st FLOOR, D.B.S. BUILDING 6, SHENTON WAY SINGAPORE 1 TEL: *****77 <§> NISSHO-IWAI CO., LTD. (INCORPORATED IN JAPAN) SINGAPORE BRANCH
      82 words
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  • Article
    Share Information Service
    2180 6 itn Hid! Low CoMpaajr Last Sale +«rQr*« dhr Dhr e'rr Gr*> C Net P/B Vel <*••#> Day Hlgk Lew SECTION ONE INDUSTRIALS 153 139 204 92* 215 101 196* 163 219 392 136 127 174 56 212 57 155 152 182 350 Acma Acma A Alcom Allied
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  • Article
    Transactions in Singapore
    1250 6 mIP nd ffer P rt c" officially lilted and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1000 units unless otherwise specified. All Time Settlement Contracts are *fter the word "Sett." Big
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  • Article
    In Kuala Lumpur
    1287 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified moutTltiAU Ami* (1.41B), CD. Alaani (1.768 1.788) (5) 1 78, (1) 1.76.
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  • Article
    Stock options
    83 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. D.B.S. (June $3.90) (0.055). Inchcape (June $2.40) (0 028 0 04S)(8)0 05. (20)0.02. (1) 0
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  • Article
    Unit trusts
    145 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers' prion for Juno 22) (Current p rices) The Commerce 1 98 1 78xd INCOME BOND 1 08 1.11 The Saving Fund 8 'pore Prof Fund S pore Security Fund 0.92 0.97 0.84 0 89 MARA BUMIPUTRA FUND (Managers' prices for Ju
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  • Article
    CORPORATE BONDS
    143 6 B O T 8 1/2% 1981 (1M.000) (102' ,B 103S) B O T 7 5/8% 1984 (100.0 M) (98SB 99VkS) DBS Converts 6 1/2% 1991 (IM.OM) (98HB 98%5) D B S 8 1/2% 1982 (IM.OM) (1018 101>WS) E I B 9% 1982 (IM.OM) (103 Viß 104S) E I
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  • Article
    GOVERNMENT BONDS
    122 6 Rep Spore D Mark 7% 1982 (IM.OM) (IMHB 101 1 ,S) Rep Spore D Mark 6 1/2% 1983 (IM.OM) (98 7 »B 99HS) Rep Spore 7 3/4% 1987 (IM.OM) (IMB IMVaS) 5 1/4% 15/7/78 (250.000) (101 508 101.60S) 4 3/4% 1/5/79 (2M.OM) (1M.848 1M.905) 5 1/4% 15/10/79 (250,000)
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      138 6 Penguins in Business and Management Understanding Company Financial Statements: J. Parker Organization Theory: D. Pugh Business Strategy: H. Ansoff Corporate Strategy: H. Ansoff Exploration in Management: W. Brown Modern Management Methods: E. Dale Offensive Marketing: J. Davidson Business of Management: R. Falk Modern Business Enterprise: M. Gilbert Corporation Man: A.
      138 words
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  • Article, Illustration
    SES ENDS HIGHER
    617 7 SOME active buying in the Last hour of trading enabled the stock market to finish higher despite dull and featureless trading for the better part of the day on the Stock Exchange of Singapore yesterday. Market sources reported that stoploss selling and considerable short interest were mainly
    617 words
  • Article
    KLSE CLOSES MIXED
    456 7 THE Kuala Lumpur stock market closed mixed yesterday after some light shortcovering activity in the closing minutes helped to offset earlier losses. The late support, however, did not muster enough strength to bring about an overall improvement in the market, which generally remained depressed by a fair
    456 words
  • INTERNATIONAL STOCK MARKETS
    • Article
      Tokyo
      485 7 TOKYO: Share prices closed lower In very limited trading with blue chips losing ground; dealers, said on Tuesday. The Dow Jones average lost 17.28 to close at 4,956.64 with volume 110 million shares. The New Index closed at 374.87, down 1.15. Sony lost 30 to 2580. despite Its higher
      485 words
    • Article
      Sydney
      384 7 SYDNEY: The market closed lower on Tuesday with BUI' falling 18 cents to $6.32 on the EEC's request for a cutback In Australian steel exports, dealers said. The Sydney All-Ordlnarles index fell 2.96 points to close 452.60 points. Among other industrials ACT, CSR and Pioneer eased while In banks,
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    • Article
      Manila
      156 7 MANILA: The market closed mixed In moderate turnover, with mines firm on higher overseas metal prices, dealers said on Tuesday. Commercials and oils were steady to fractionally easier. Gainers Included Atlai Con A, Philex A and B. and San Miguel B. Losers were Atla* Con B, BF Goodrich, PLOT
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    • Article
      Bangkok
      103 7 JUNE 21 Bahts Asia Fibre 175 unch Bangkok Bank 305 unch Bangkok Invest 179 unch Bangkok-Metro-politan Bank Bata 551 *22 Berll Jucker 282 Charoong Thai Wtre 183 1 Dumex mm Duslt Thani 1M Faber Merlin First Trust Indo-Thai 184S unch Industrial Finance Corp 1205 unch J And J Ho
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    • Article
      Amsterdam
      296 7 AMSTERDAM: The market closed lower in continued quiet trading on Monday with Unilever 1.00 guilder lower in Dutch internationals. The rest of the sector was steady. Elsewhere Nedlloyd, Van Ommeren and KNSM were weak with losses of 1.30. 3.50 and 4.00 guilders respectively. In the rest of the market
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    • Article
      Brussels
      153 7 BRUSSELS: The market was mixed to lower in quiet account day trading, dealers said on Monday. Traction, Vieille MonUgne, Cockerill, Clabecq CBR and Arbed rose while Aastrienne, Hoboken. FN. UCB. Mossne. Cometra, Sidro and GB-INNO-BM fell. UK. Canadian and French stocks were generaly steady. Golds. German and Dutch issues
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    • Article
      Frankfurt
      310 7 FRANKFURT: Shares closed mostly weaker in nervous trading with most losses ranging to one mark, market sources said on Monday. AEG was at the centre of Interest after its 3.20 mark fall on Thursday, the last day of trading, but It closed little changed weakening only 0.60 marks. Stores
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    • Article
      Milan
      168 7 MILAN: The market closed mixed unable to hold steadier opening levels in quiet trading, dealers said on Monday. Fiat, Pirelli EC., Montedison. Olivetti preferred were marginally higher among leading industrials while Anic, Snia Viacoaa, Pirelli SPA moved lower. Generate Immobiliare was unchanged. Bastogi was barely steady in mixed financlats
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    • Article
      Paris
      329 7 PARIS: The market was firm, bourse sources said on Monday. Oils were easier but other sectors made gains, with BBN, Bouygues. LMT, CGE, CreuaoitLoire and CIT Alcatel prominent. Among foreign stocks US issues advanced. Germans eased, golds were mixed. JUNK W Fr* CORBEILLE Alr-Uqulde B S N Gervals Danone
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    • Article
      Zurich
      289 7 ZURICH: The market was narrowly mixed In light volume on Monday Recovery of Wall Street and signs of calmness on the interest rate front failed to aid sentiment, dealers said. Banks, flnanclals and insurances moved within narrow limits with an easier undertone. Holderbank recouped part of coupon cession. Among
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    • Article
      Jo'burg
      385 7 JOHANNESBURG: Gold shares continued quietly steady in a featureless market, dealers said on Monday. Randfontein gained 50 cents to 4050 and Freguli 20 cents to 1520. AF Lease firmed 10 cents to 480. while FS Sui lost two cents to 150. Financial minings were generally firmer. De Beers traded
      385 words
    • Article
      Toronto
      326 7 TORONTO: The market closed higher on Monday In quieter trading after gaining momentum In the final hour of late Wall Street strength. The composite Index was up almost four points and advances outpaced declines 217 to 176. The financial services Index led the advance, adding more than ten points,
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    • Article
      New York
      1170 7 NEW YORK: Stocks pulled ahead late In the session, after several hours of Indecision, to fashion a solid gain on Monday. Trading was fairly active. Analysts attributed the gain mostly to growing buying Interest brought on In part by a lessening of fears that Interest rates win rise.
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    • Article
      Indices
      65 7 FINANCIAL TIMES INDUSTRIALS Monday 445.2 Friday 441.6 Week Aro 448 1 now JONES AVERAGE INDUSTRIALS Monday 924 27 Friday 920.45 Week Ago 912 40 LONDON DOLLAR PREMIUM Monday 113toU3'i Friday 114to 114'. H.K. HANG SENG Monday 440 08 Friday 439.76 Week Ago 445.89 SYDNEY. INDUSTRIALS Monday 373.30 Friday 374
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    • Article
      Committee of Lloyds seeks approval
      169 7 LONDON, Tues. The Committee of Lloyd's is being asked to approve an extension of the Lloyd's broking Interests of the Hongkong-based International trading and financial group Jardine Matheson, which already has substantial Lloyd's and general broking and underwriting interests. The move is being made through
      169 words
    • Article
      Lock icon BHP price hike
      89 7 Reuter MELBOURNE. Tues. The Prices justification Tribunal approved a weighted average increase of 4.96 per cent for Broken Hill Pty iron and steel prices. The tribunal said it approved the rise without holding an inquiry and added that the rise was mainly based on increases in wages,
      Reuter  -  89 words
    • Article
      Lock icon NTT notes priced
      54 7 Reuter NEW YORK, Tues. A syndicate headed by Dillon Read said it has tentatively priced US$l5O million of triple-A rated Nippon Telephone and Telegraph guaranteed notes due 1984. at par with a 7% per cent coupon, for proposed offering today. Selling concession has been set at $5.25
      Reuter  -  54 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      350 7 J7TS3? K~FF3it£ .l v* JET WFTI Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the rj* pasar ma/am! Because Penguin books are rather entertaining in a wholesome way, highly educational quite unlike the type that merely appeals
      350 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      575 8 PRICES were marked down in the Singapore rubber market yesterday by some 1.50 cents at the outset following lower London advices and later the market lost a further half cent on stoploss selling, dealers said.. Towards the morning close prices recovered marginally on some covering
      575 words
    • Article
      Closing prices
      29 8 Rubber: June 21 Singapore: July 188.50 cts (unchanged) Malaysia: July 189.75 cts (up 0.25 ct Tin: 51.458 (up $11) Official offering: 267 ton nes (down 55 tonnes)
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    • Article
      R.A.S. PRICES
      379 8 Noon Close (per kilo) (per kilo) Sellers Buyers Sellers Buyers Int 1 R S S prompt f o b. 187 00 188 OON 188.50 189.SON Int 1 R.S.S. July 187 00 187.25 188.50 189 00 Int 1 R.S.S August 188 75 189 00 190.50 101 00 Int. 2RSS.
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    • Article
      SSR AND SMR
      120 8 1 July Auguit R.A.S. (Currci it Mth) (For* •rd Mtk) Buyer* Seller* Buyer* Seller* (cental per kg) (cent* per kg) SSR20 (1 ton Pallet > 189 00 190 00N 190 50 191 50N SSR SO (1 ton Pallet) 187 00 188 00N 188 50 189 50N MK.E.L.B
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    • Article
      Cocoa
      118 8 LONDON. Tues. Terminal opened the L4O limitdown with near July trading at t'2.831 per tonne. Sales before the statutory 15-minute break were 15 lots. Other months were not traded. Prices rallied snarpiy after the initial l'4o limit down move and by midmorning July had traded up to 12.900 and
      118 words
    • Article
      Produce exchange
      508 8 ALL was quiet on the Singapore produce market yesterday as the wait-and-si* attitude became more pervasive. Generally, there was a lack of foreign buying Interest to stimulate trading activity here. One reason given for this was that prices ruling overseas were slightly lower than levels quoted by Singapore
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    • Article
      Coffee
      519 8 LONDON. Tues. Futures ended the opening session l"70 to l'4o up on last night's close. Volume was 593 lots and the tone barely steady. Early dealings were concentrated on the first three near positions where commission house, local dealer and trade interest was centred. Initial gains in these months
      519 words
    • Article
      Palm oil
      87 8 CIF Rotterdam. U8 dollars per ton LONDON: Dm Malaysia 5% ffa bulk Mwfay IfSOON Aug/Sept unch Sumatra 5% Afloat June una 620 dr. July ***** 815 sir Aug WON 807 50 sir Sept SOON 802 50 sir Nov unch •27.50 pd Dec unch 582.50 pd Jan unch 580
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    • Article
      Straits tin market
      229 8 THE Straits tin price in Penang yesterday was up SU to $1,458 on an official offering down 55 tonnes to 267 tonnes. In LONDON yesterday, tin rose £27 per tonne for cash and £20 for Three Months In both contracts. Dealers said the market was well maintained
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    • Article
      Sugar
      311 8 LONDON. Tues. Terminal opened C 1.25 to C 0.50 higher than yesterday's 5.00 pm level but slightly below the kerb. Sales were 383 lots. Dealers had expected prices to fall back slightly as there did not appear to be any news to back up last night's kerb rise. In
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    • Article
      Rice
      111 8 BANGKOK, Tues. Indicative prices quoted here were: (US dollars per tonne rob basis Bangkok) White Rice 100 per cent 1st class 296 100 per cent 2nd 283 100 per cent 3rd 279 5 per cent 287 10 per cent 242 15 oer cent 239 20 per cent 238 25
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    • Article
      Soybeans
      317 8 CHICAGO, Tues. Soybean futures yesterday •moved up sharply In early dealings to show gains of 18 to 13 cents a bushel. Prices rose on shortcovering and speculative buying in a technical reaction to the recent extended decline and weather reports indicating weekend rains In the midwest were less than
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    • Article
      Wheat
      111 8 CHICAGO, Tues. Wheat futures traded around three cents a bushel higher In early dealings yesterday. Speculative buying was prompted by expectations that the heavy weekend rains in the southwest will further delay harvesting progress and limit farmer selling of new crop wheat. Additional buying Interest was encouraged by advances
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    • Article
      Copper
      323 8 LONDON, Tues. Copper finished the morning with gains of mostly £8. Dealers said early premarket strength reflected overnight New York, although the higher levels were quickly pared. Three Months traded from £824 down to £815 per tonne under profit-taking and some pricing sales which several sources said reflected unconfirmed
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    • Article
      Lead
      123 8 LONDON, Tues. Lead in the morning gained C 6.25 for cash and C 3.00 for Three Months. The metal sagged on the pre-market following a similar trend in copper, with Three Months trading down to C 341 per tonne. In the ring, however, good trade buying which some sources
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    • Article
      Zinc
      107 8 LONDON, Tues. Zinc In the morning rose by mostly C 1.50 per tonne. This metal took its lead from the general trend with Three Months rallying from C 332 on the early premarket up to C 339 in the ring, although trading was fairly routine. Turnover of 3,100 tonnes
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    • Article
      Gold
      299 8 GOLD gained marginally when the kllobar opened in the Singapore market yesterday at 5511.200. There was hardly any movement as Hongkong was closed yesterday. However. In the afternoon, the price eased slightly to close at 5511,195. There were no dealing in the loco London market yesterday. The London gold
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    • Article
      Silver
      286 8 LONDON. Tues. Silver rose 2.8 to 2.4 pence per troy ounce in the morning. The very steady New York close, strength in gold this morning and the general trend in base metals induced moderate fresh buying and covering during pre-market and ring dealings. i hree Months traded up to
      286 words
  • MONEY AND EXCHANGES
    • Article
      Singapore
      576 8 THE US dollar was traded on an easier note against the Japanese yen in the Singapore foreign exchange market yesterday. From the opening of 272.40/50 yen here, which was about 30 points lower than Tokyo's opening, the US unit dropped to about 272.10 yen during an hour's trading here
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    • Article
      Minimum lending rates
      47 8 acbc S'« First Chicago 6 Citibank Vt Bangkok Bank 7 HSBC Bank of America •H Indotun «v, Bank of China 7 Malayan Banking «*4 Bank of Tokyo CH Mitsui Bank CS Bank Negara OCBC Indonesia 7 OUB UCB 7 CH UMBC 7 DBS UOB
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    • Article
      Asian $ rates
      170 8 Asian rates ASIAN currency deposit Interbank rates as at clow on June 21 U8Mbn(8pot) Offer Bid 7 days 5 1/2 JH 1 mth 5 5/8 5 1/2 2 mths 5 3/4 5 5/8 3mths 5 7/8 6 mths 6 5/18 8 3/18 9 mths 6 7/18 8 5/18 12 mths
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    • Article
      Discount
      46 8 RANGE of prices offered by discount houses on June 21 Overnight 2 to 3* Call deposit 3* ('loam* Buv Selling 3-Month Treasury bills 3 27/8 3-Month Rank Mils 4 1/16 315/16 3-Month CD 41/4 41/B 6-Month CD 41/2 4 3/8 Source: National Discount Co. Ltd.
      46 words
    • Article
      Frankfurt
      43 8 FRANKFURT exchanges opening quotes on June 21 US 2 3586/98 Can 2 2215/35 UK 4 052/062 Neth W. 57/67 3will 94 33/43 Italy 2 662/672 France 47 88/78 Norw 44 45/52 Belg com 6 52/53 Belf fin 6 52/55 Japan 0 6662/72
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    • Article
      Euro $ rates
      94 8 Euro rates LONDON. Tues. Eurodollar deposit rates were steady In quiet trading, dealers said. Periods showed small fluctuations in most positions. One Month lost 5/16 to 5% reflecting the loss of a Friday end of period technlcalltv. Longer dates tended unchanged. Shortdates held overnight levels. LONDON Eurodepostts opening quotes on
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    • Article
      London
      326 8 LONDON, Tues. The dollar firmed in moderate early trading here after US real Gross National Product was revised upwards to an annual rate of 6.9 per cent in the first quarter from 6.4 per cent dealers said. The US unit may also have been helped by a conference board
      326 words
    • Article
      New York
      158 8 NEW YORK, Tues. The dollar yesterday closed stronger on balance after a flurry of buying here in the afternoon triggered by news US first quarter real Gross National Product growth was revised up to a 6.9 per cent annual rate from 6.4, dealers said. The main individual feature
      158 words
    • Article
      Tokyo
      91 8 TOKYO. Tues. The US dollar for overnight delivery weakened to close at 272.25 yen. compared to 272.80 at the opening and 272.75 at yesterday's close, on expectations the yen may appreciate further, dealers said. Dollars for Immediate delivery closed at 272.41, compared to 272.32 at the opening and 272.80
      91 words
    • Article
      Zurich
      54 8 ZURICH exchanges closing quotes on June 20 US 2 4067-4963 UK 4 2915-SS36 Can 2 3570-3365 W Ocrm 106 79-65 Ncttl W W-100 .03 Pnnec 50.47-90 SO Balg 6.91 1/4-82 Denm 4119-22 Norw 47,10-13 Swad 56,34-36 Italy 0.2819-2521 Austria 14 86-90 Port 1.44-4® Spain 3.59-69 V 4 Japan 0.91
      54 words
    • Article
      Australia/NZ
      55 8 AUSTRALIA/ NZ exchanges on June 21 Australia: Sterling 0.6479/ 0.6409 US dollar 1 1108/ 1 10M Ninety-day air mall buying rate*' Sterling 0.6660 US dollars ***** Ninety-day forward buying rates: Sterling 0.6477 US dollars 1 0995 New Zealand: Sterling 0 5609/ 0 5578 US dollar 0 9692/ 0 9592
      55 words
    • Article
      Hongkong
      12 8 THE market was closed yesterday for the Dragon Boat Day holiday.
      12 words
    • Article
      Eurobond prices
      307 8 LONDON, Tues. Straight dollar Eurobonds were up point easier where changed in quiet trading, dealers said. Convertible liar Eurobonds were steady In quiet dealing. LONDON Eurobond prices on June 21 Straight* Bid Ofhr Austria 8V, uo 101* 102% Bell Canada 8* 86 104* 105* BFCE8*83 101* 102% Brazil
      307 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      187 8 MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE i A* It. r rm =i ASIA RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken ploce in all important sectors of the economies of countries in East and
      187 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      Baggage tags will be a must from November
      284 9 BAGGAGE identification will be mandatory from Nov 1. 1977. Member airlines of the International Air Transport Association (lata) are required to make name and address labels available to passengers who have not already tagged their baggage. This mandatory requirement was adopted by
      284 words
    • Article
      Container service for liquid cargo
      129 9 SHIPPERS of liquid cargo In South-east Asia can now use tank containers to get the maximum benefit of containerisation. The new service Is being provided by Interflow (Tank Container System) Limited. The containers hold a stainless steel cylinder of a payload of 20 tons, equal
      129 words
    • Article
      Lock icon Computer control for Thai traffic
      118 9 Reuter BANGKOK. Tues. A network of computers will be introduced to help control the flow of road traffic into Bangkok, among Asia's most congested cities, according to Thai Interior Minister Samak Sundaravej. In a television broadcast last night after a tour of the United States
      Reuter  -  118 words
    • Article
      IN PORT
      393 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Butang (0600) (Subject freeboard) 18 Cherry Vilja (B. Barge (2300 tbc) 48 Crown Cherry (1700) 45 Dong Yun (after Kristin Bakke) 31/32 Keningau (1300 20 King Lake (0600 22 Koyo Maru (JFFW) (Car Carrier) (1030) (tide) 29/30 Niaga VI (0700 after Brightgold
      393 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      551 9 ARRIVALS Service Local Operator Number Time From TMA TL304B 0530 TPE MAS MH682 0810 KCH PAN PA847 0810 SFO/HNL/GUM CPA CX710 1000 HLP SIA SQ2I1 1015 HLP SIA SQ980 1030 HLP THAI TG423 1035 BKK THAI TG981 1050 BKK GIA GA908 1100 •MES PAL PR501 1115 MNL
      551 words
    • Article
      Lock icon US concerned over Japan's big drive in electronics
      472 9 NYT DALLAS, Tues. Japan's electronics Industry Is driving towards capturing a significant share of markets in the ultra-miniature semi-conductor circuitry that Is basic to the worldwide proliferation of computers, American Industry experts agree. The computer specialists were gathered here at the annual
      NYT  -  472 words
    • Article
      Lock icon Pacific Forum Shipping Line
      114 9 Reuter WELLINGTON. Tues. Nine Pacific nations signed an agreement In Suva. FIJI, to set up the Pacific Forum Shipping Line, New Zealand's Transport Minister Colin McLachlan said in a statement Issued by his office. New Zealand will contribute a vessel, NZ$lO,OOO 5523,800 towards establishment expenses and
      Reuter  -  114 words
    • Article
      Lock icon Mitsubishi feelers
      71 9 Reuter TOKYO. Tues. Mitsubishi Motor Corp said It arranged with the AngloJapanese Colt car firm to ship diesel-engine trucks of 2.5 and 3.5 tonnes to test the British market. Mitsubishi said if tests prove successful. Colt will open a Mitsubishi truck network in Britlan. But it added it
      Reuter  -  71 words
    • Article
      Lock icon Fiat winner of Venezuelan deal
      456 9 FT CARACAS. Mon. Flat has edged out Renault In the competition to build a fourcylinder motor plant in Venezuela and Is close to signing a contract with the Government for the project. according to Informed sources In the motor Industry. Although Fiat spokesmen both here
      FT  -  456 words
    • Article
      Lock icon London freight market
      165 9 AP LONDON, Tues. Rates held steady at recently adjusted levels In quiet weekend and Monday fixing. Trans-Atlantic grain payments showed no change when the "Kyoto" repeated U554.55 (FlO) for a 55.000-ton early July movement from the US Gulf to Holland. The River Plate also demonstrated rate stability
      AP  -  165 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      200 9 How well doyou know your Australian Birds? The Qantastic 'OnestoptoLondon'bird. Every Monday,Tuesday,Thursday, Saturday at 9.45pm n WSSSjPsS wr < J f ..v# .v js V y' "fi" JH J. < I*—_^r Hf Qantas introduces a very special bird to Singapore. The Qantastic 'One Stop to 0!l London' bird. Taking off
      200 words
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  • Article, Illustration
    Lock icon Indonesia reaches out to West Asia
    1149 10  -  Indonesia hat a great many people mm well at rich mineral and agricultural potential. What it really needs now are new markets and West Asia must be its best prospect. By GUY ARNOLD FT LAST month's general election in Indonesia has left an ominous
    FT  -  1,149 words
  • Article
    Lock icon THE NEW RUSH FOR LAND IN AMERICA
    1063 10  -  A haven for European investors European investment in the United States if nothing new. But where 19th Century investors taw a chance of profit, the West Europeans investing in land today see safety By JAMES OUTMAN Reuter WHEN David Teitelbaum. a property developer
    Reuter  -  1,063 words
  • Article
    Lock icon The electronic money dream
    563 10  -  By GEORGES DESCHODT AFP THE American cashless and chequeless society is technically possible from now on. but It will almost certainly never be fully realised. An immense amount of discussion has taken place in recent months on the establishing of a full-scale electronic money system, that
    AFP  -  563 words
  • Article, Illustration
    Lock icon Rebuilding Beirut
    659 10  -  By MARVINE HOWE NYT OUT of the heaps of shattered concrete, twisted metal and charred frames that clog the heart of Beirut, a (Man for a new and better city centre Is taking shape. The new Beirut that the planners envision Is to have charms that the old
    NYT  -  659 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      156 10 CW-, H 0. r M 1 Don't Decide Until You See Nassim Mansion Top Locality. Top Quality and Most Artistic Design. Country Apartments in the Heart of the City. Linked with Botanic Gardens. Jw Immediate Occupation. Serene Atmosphere. 24 Hours Security Service. Only 72 units in 51/2 Acres of Land
      156 words
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  • Article
    Lock icon Specific US proposal on wheat stockpile in autumn
    470 11 UPI MANILA. Tues. The United States will make a "specific proposal" on the mechanics of building a world food stockpile to help battle hunger at the autumn meeting of the International Wheat Council. Agriculture Secretary Bob Bergland said today. "In August or
    UPI  -  470 words
  • Article
    Lock icon Seoul plans to speed up arms industry
    363 11 Reuter SEOUL. Tues. President Park Chung-hee today proposed a 7.3 per cent expansion in the 1977 National Budget primarily designed to accelerate the arms industry build-up in preparation for the planned US troop cutback. He presented a balanced Supplementary Budget Bill to a
    Reuter  -  363 words
  • Article
    Lock icon Procedures on imports to be simplified
    147 11 Reuter TOKYO. Tues. The Ministry of International Trade and Industry said Japan's import procedures will be simplified as soon as relevant regulations are amended, probably by the end of next month. The limit of goods that may be imported without reporting to banks will
    Reuter  -  147 words
  • Article
    Lock icon Canada probes stereo prices
    100 11 Reuter WINNIPEG. Tues. The Canadian Government is investigating Japanese domestic prices for stereo equipment. Mr. Bryan Martin, vice-president of Sony of Canada said following a meeting of the Canadian Importers Association. Mr. Martin said Canadian Customs and Excise officials think the Japanese domestic prices, on which
    Reuter  -  100 words
  • Article
    Japanese post office treads on the toes of banks too...
    907 11 SINGAPORE'S Post Office Savings Bank is not alone in drawing intense criticism by Its success. Japan's Post Office has grown to such a massive size that commercial banks are incensed. The Post Office in Japan now has 30 trillion yen
    907 words
  • Article, Illustration
    Bauer traces change in S'pore trading
    207 11 TO MR. Carl Bauer (above) who has been in the importexport business in Singapore for the past 45 years, the biggest change in the business scene here is the bigger and greater role played by export. Trading in Singapore in the early days was
    207 words
  • Article
    Lock icon KL TEAM OFF TO BOOST TOKYO TIES
    185 11 AFP KUALA LUMPUR. Tues. A three-member Malaysian Foreign Ministry delegation leaves here for Tokyo tomorrow for talks with Japanese officials on bilateral relations and international developments. The team to the two-day discussions on Thursday and Friday will be led by Datuk Zakaria All,
    AFP  -  185 words
  • Article
    Chase chief is coming
    43 11 CHASE Manhattan Bank's president. Mr. Wlllard C. Butcher, will visit Its Singapore branches at the end of this week as part of his Asian survey tour. Mr. Butcher will arflve In Singapore on Sunday and wlllleave on Tuesday morning.
    43 words
  • Article
    Lock icon Japan attacked for flouting whaling quota
    522 11 AFP CANBERRA. Tues. Japan came under fire today at the International Whaling Commission meeting for allegedly using trickery to kill more whales than Its annual quota. Members of the scientific committee attacked the Japanese delegation for using scientific permits to kill whales for their
    AFP  -  522 words
  • Article
    Lock icon Bonn eyeing new source of uranium supply — Australia
    395 11 Bonn eyeing new source of uranium supply Australia AP Reuter BONN. Tues. West Germany and Australia agreed yesterday to open talks next month on deliveries of Australian uranium to West Germany. Chancellor Helmut Schmidt announced. Following a 90-minute meeting with Australian Prime Minister Malcolm Fraser, Mr. Schmidt said he will
    AP; Reuter  -  395 words
  • Article
    Lock icon BHP not aware of EEC steel request
    276 11 Reuter MELBOURNE. Tues. Broken Hill Pty (BHP) managing director James McNeil told newsmen here he was both surprised and concerned at reports that the EEC Commission asked Australia to cut back its steel exports to EEC countries by 25 per cent. Australian Prime
    Reuter  -  276 words
  • Article
    JTC sues two to regain premises
    131 11 THE JURONG Town Corporation filed two suits at the High Court yesterday to regain possession of two flatted factory premises at Kallang Basin. The claims were made against Virgo Printers (S) Pte. Ltd. for the possession of premises at Block 1. 228-238 23B and
    131 words
  • Article
    Lock icon Asean data seminar
    62 11 Reuter MANILA, Tues. Four Philippine government statisticians will take part In an Asean seminar In Jakarta on the collection of data on employment and under-employment from July 25 to Aug 3. official sources said here today. The project Is sponsored by the international Labour Organisation and the
    Reuter  -  62 words
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      Page 11 Advertisements Column 1
      609 11 APPOINTMENTS Mirrlees Blackstone Limited A highly successful British engineering organisation involved in the design development and manufacture of large marine and industrial diesel engines. Our high technology, innovative design and reputayon for high quality reliable power units has placed us in a position to take maximum advantage of the potential
      609 words
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  • Article
    Lock icon 'HK won't be hit by Paris textile barriers'
    419 12 AFP Reuter HONGKONG. Tues. French Trade Commissioner Georges Duquin has dispelled fears that French textile import curbs will hit Hongkong hard. Referring to last Saturday's announcement of controls on the in-take of men's shirts, women's blouses, t-shirts and cotton thread, and the
    AFP; Reuter  -  419 words
  • Article
    Lock icon Opec price accord?
    138 12 Reuter KUWAIT. Tues. The Kuwaiti daily newspaper AlAnba said member states of the Organisation of Petroleum Exporting Countries (Opec) have agreed to unify oil prices for the second half of this vear. Al-Anba said the agreement was reached on the basis that 11 Opec members who imposed
    Reuter  -  138 words
  • Article
    Factories don't have to pay overtime fees
    343 12 IPOH, Tues. Manufac- I turers of goods subject to Customs and Excise duties can now operate their factories outside the scheduled working hours without having to pay overtime fees to the Customs authorities. The new ruling for this will come into force on
    343 words
  • Article
    Lock icon PLAN FOR REGULAR FORUM WITH ASEAN
    164 12 Reuter TOKYO, Tues. A powerful Japanese economic team will probably visit members of Asean this year to establish a forum for regular talks on cooperation, it was announced here today. The Japan Chamber of Commerce and Industry said it envisaged the establishment of an
    Reuter  -  164 words
  • Article
    Bulk of bank loans go to commerce and manufacturing
    434 12 COMMERCE and manufacturing continue to take up the lion's share of total bank loans in Singapore. In April this year, commerce accounted for 38.6 per cent and manufacturing 25.5 per cent of total bank loans and advances, according to latest figures
    434 words
  • Article
    SBS on the road to farther progress
    582 12 THE Singapore Bus Service currently operates 1,850 buses daily with only 5.5 per cent breakdowns compared to 1.450 buses with 60 per cent breakdowns in July 1974. It also enjoyed an increase in the number of dally passenger trips from 1.5 million to
    582 words
  • Article
    Lock icon Yen: Central bank won't interfere
    183 12 UPI TOKYO. Tues. The Finance Ministry decided yesterday to let the yen float on its own strength without the interference of the Bank of Japan and to focus on reducing trade surpluses with other nations. Asahl Shimbun newspaper said today. The Asahi said the decision
    UPI  -  183 words
  • Article
    Better than expected first quarter growth
    232 12 JAPAN'S real economic growth accelerated to a higher than expected 2.5 per cent for the first quarter, seasonally adjusted. according to the Bank of Tokyo In Its Weekly Review. This compares with only 0.7 per cent In last year's fourth quarter and 0.5 per
    232 words
  • Article
    LONDON STOCKS
    834 12 LONDON. Tues. The Stock market closed mixed with government stocks firming In afternoon trading while leading industrials were steady at the lower levels, dealers said. Trading continued quiet. Long dated government loans were around higher after early falls while shorts gained up to H, with small buying interest
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    ABS to meet on funds study
    162 12 THE COUNCIL of the Association of Banks in Singapore (ABS) Is expected to meet early next month to decide on details of a study on international funding mooted at the Asean Banking Council's (ABC) third meeting held in Manila over the weekend. The study,
    162 words
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    Lock icon Seven oil firms realign stakes off Palawan
    336 12 Reuter MANILA, Tues. Husky Oil of Canada has withdrawn from the drilling of two out of four block* northwest of the Philippine island of Palawan, and the seven consortium members have realigned their stakes in the project, consortium officials said. Husky has withdrawn
    Reuter  -  336 words
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    Lock icon Manila plans to float mark bonds
    288 12 Reuter AFP MANILA. Tues. The Philippines plans to float deutsche mark bonds in West Germany, Finance Ministry officials said today. They said the plan would be the subject of preliminary discussion between Finance Secretary Cesar Virata and Central Bank authorities and high ranking officials
    Reuter; AFP  -  288 words
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    Lock icon Quota on shirts
    45 12 Reuter LONDON, Tues. Britain yesterday announced a quota on knitted shirts Irom Pakistan following what it called a sharp rise in imports. The quota from June 21 to the end of the year will be 1.282.500 shirts, the Trade Department said. Reuter.
    Reuter  -  45 words
  • Article
    Have a lollipop on the house
    122 12 BARELY seven weeks after the launch of its island- wide advertising campaign. Chupa Chups is stepping up its promotions 1 with give-aways at selected j supermarkets. Its distributors, Jackson and Company, will be giving away Chupa Chups 10l- lipops at Metro Golden Mile supermarket
    122 words
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