The Business Times, 25 August 1977

Total Pages: 12
1 12 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, AUGUST 25, 1977 50 CENTS
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  • NEWS IN BRIEF
    • 64 1 Reuter CANBERRA, Wed. Australian Transport Minister Peter Nixon said here today he hoped British Airline operator Freddie Laker would submit an application to his department to run cheap flights between Europe and Australia. Mr. Laker has proposed a £350 (551,490) return flight between Australia and Europe which
      Reuter  -  64 words
    • 47 1 UPI w LONDON, Wed. British Airways cancelled six flights to the United States and Canada today plus 62 short-range hops in a continuing snarl of Britain's air traffic. Officials at London's two main airports said traffic was flowing "fairly smoothly" up to midafternoon. UPI.
      UPI  -  47 words
    • 57 1 AP SEATTLE, Wed. Car pooling may be tried In Japan as a result of a conference between US and Japanese municipal officials. "The first time I've heard of car pooling has been at this conference," said Mr. Klyohiko Anamizu, president of the Yokohama Chamber of Commerce.
      AP  -  57 words
    • 62 1 Reuter JAKARTA, Wed. Indonesia will Increase crude oil exports from an expected 550 million barrels in fiscal 1977-78 to 610 million barrels in 1978-79, a Mining Ministry spokesman said today. The planned Increase was In line with the government's policy to raise state revenue from oil. He said
      Reuter  -  62 words
    • 69 1 AFP MANILA, Wed. A ranking Defence Department official has warned that curfew restrictions may be re-imposed in the Philippines should the situation demand, such as a sharp rise in crime. Defence Undersecretary Carmelo Barbero said in a Lion's Club speech here yesterday the lifting of the five-year-old martial
      AFP  -  69 words
    • 72 1 Reuter KUALA LUMPUR, Wed. The state-owned Tourist Development Corporation (TDC) has Invested Ms 2 million in accommodation facilities on Malaysia's East Coast in anticipation of a tourist boom, TDC director-general Baharuddin Musa said today. Mr. Baharuddin said one of the TDC's four projects was the 300-room Club Mediterranee,
      Reuter  -  72 words
    • 74 1 UPI NEW YORK, Wed. Stocks were lower early today in moderately active trading. Analysts were disappointed that yesterday's blue-chip bargain-hunting rally collapsed during the afternoon, with glamours coming under heavy selling attack. The selling trend carried into this session. The Dow Jones industrial average, which lost 1.73 points
      UPI  -  74 words
  • Chief Price Changes
    • 170 1 WITH tin shares leading the way, the Singapore stock market staged a mild rally yesterday. The Straits Times Tin index rose four points to 132.85, the highest this year. Reflecting the better trend, the Business Times index rose 4.22 points to 410.77 while the Straits Times Industrial
      170 words
    • 113 1 Rises Most active Kllllnghall Hong Kong Kramat Berjuntal Aokam Sg Besl Kamuntlng A. Hltam 17.50 7 00 5.20 7.70 4.06 +4.00 +2.90 .40 .40 .30 Olympta 607,000 Tg&nu Dev 513,000 O. Ceramics 391,000 Sim Llm 364,000 Total Turnover: 4.68 M 3.90 .24 Total Value: MS8.77M 2 30
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  • 1492 1  -  JAPANESE IN SINGAPORE By QUEK PECK LIM THE Japanese presence In Singapore Is large, growing and increasingly competitive In almost all sectors of the economy. As Singapore expanded, so did the Japanese community in the Republic. It has nearly trebled in size (to 4,000 from
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  • 509 1 KUALA LUMPUR, Wed. Senior Asean officials will meet In Manila on Friday and Saturday, their first since the second summit earlier this month, to prepare for the AseanUnited States dialogue. The director general of the Malaysian Asean Secretariat, Datuk All Abdullah, will leave here
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  • 170 1 HONGKONG, Wed. The acting Director of Trade, Mr. Peter Tsao, today denied speculation that Hongkong was planning to make a secret deal with the European Economic Community ahead of their negotiations on a new textile agreement. Commenting on an editorial In the Journal Textile Asia, Mr. Tsao
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  • 189 1 DEVELOPMENT Bank of Singapore, together with Morgan Guaranty Trust of New York and the Bank of Tokyo, ii looking into ways to package the guarantee facility for the $400 million suppliers' credit that will be extended to Petrochemical Corporation of Singapore (PCS). The
    189 words
  • 109 1 KUALA LUMPUR, Wed. Malaysia has asked Australia's Queensland Sugar Board to resume talks on revision of their long-term sugar contract, which stalled earlier this year, government officials said. Under the six-year-old contract, signed in 1974, Malaysia undertook to buy a total of l.fi million tonnes at
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  • 420 1 THE Monetary Authority of Singapore yesterday withdrew its overnight treasury bill facility to discount houses putting the local money lnter-bank market into a more liquid position than it has ever been in past weeks. Predictably rates fell from the day's opening of 2V» per
    420 words
  • 49 1 Reuter HONGKONG, Wed. China's Industrial output last month went up 22.4 per cent compared with the corresponding month of 1976, the New China News Agency reported today. The report said the gross Industrial output in 28 of the 29 provinces and regions set new records last month.
    Reuter  -  49 words
  • 140 1 AFP MANILA, Wed. President Marcos and Australian Governor General John Kerr today voiced optimism that trade barriers between the Philippines and Australia- would ultimately be removed to their mutual benefit. They made the observation when Mr. Marcos received the visiting Governor General and his
    AFP  -  140 words
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  • OVERSEAS
    • 676 2 Washington Star UPI WASHINGTON, Wed. The Interior Department has scheduled five new sales of Atlantic sites for commercial oil and gas drilling including two more off the resort areas of Maryland, Virginia, Delaware and New Jersey between 1979 and 1981. The revised offshore leasing
      Washington Star; UPI  -  676 words
    • 139 2 Reuter OTTAWA, Wed. The United State* and Canada yesterday moved closer to approval of a proposed US$lO billion (5524.5 billion) Alaskan natural gas pipeline, the chief Canadian negotiator aaid here. Six hours of extensive negotiation* between officials of the two countries were held yesterday in strictest
      Reuter  -  139 words
    • 186 2 AFP STOCKHOLM, Wed. The Soviet Union is experimenting with a new technique for producing energy, rather than with a "death ray", In work going on at Semlpalatlnsk In Central Asia, a group of Swedish experts said yesterday. The experts met In Stockholm at the
      AFP  -  186 words
    • 397 2 AFP LONDON, Wed. The latest Issue of Jane's Fighting Ships, published here today, highlights the growing myth of the Soviet navy and the Western countries' alleged In-* dulgence In "endles* arguments" on military spending. In the foreword to the 1977/78 edition,
      AFP  -  397 words
    • 51 2 Reuter OTTAWA, Wed. Canada's seasonally adjusted index of industrial production (base 1970) rose 0.3 per cent in June to 125.1 from a revised 124.7 in May, Statistics Canada said. The agency said the index stood at 119.9 a year ago. The May figure was revised down from
      Reuter  -  51 words
    • 841 2 AP LONDON, Wed. Although supermarket shelves are still stocked with costly roasts and expensive Instant coffees, the first signs of lower prices are beginning to appear. v A top executive team of the International Coffee Organisation (ICO) headed by executive director Alexandre Fontana Beltrao
      AP  -  841 words
    • 811 2 NYT NEW YORK, Wed. The Carter Administration la taking its first steps towards using the leverage supplied by billions of dollars of federal spending to encourage labourmanagement cooperation In fighting Inflation and stabilising Jobs. The initial focus is the depressed, construction Industry, and
      NYT  -  811 words
    • 216 2 AFP LONDON, Wed. World production of primary aluminium In July was maintained at its recent high level, the latest figures from the International Primary Aluminium Institute revealed yesterday, with tha seven-month cumulative total showing an Increase of 12.5 per cent over the corresponding period
      AFP  -  216 words
    • 116 2 Reuter LONDON, Wed. The Financial Times was published today for the first time since Aug 4 following the end of a dispute Involving compositors. With an apology to readers, the newspaper said the stoppage, the longest of any British national newspaper since 1955, ended
      Reuter  -  116 words
    • 88 2 Reuter LONDON, Wed. OH production from the UK sector of the North Sea fell In July to 3.17 million tonnes from S.S million In June, the Energy Department sakl. The fall was due mainly to the shutdown of the Brent field and the reduction In Forties
      Reuter  -  88 words
    • 55 2 AFP BANGKOK, Wed. A new tourism body bringing together businessmen and government representatives has been set up to promote the country's major foreign exchange earning Industry. TOT director general Col Owel Somechal Hlranyaaklt was appointed to head the new committee which Is scheduled to meet for the
      AFP  -  55 words
    • 565 3 Reuter GENEVA, Wed. Finance Ministers from more than 100 countries will discuss the growing external debts of Third World states at a special meeting here next January, a senior United NaUons official said here. Mr. O. Corea, secretarygeneral of the UN Conference
      Reuter  -  565 words
    • 320 3 AP CANBERRA, Wed. The government gave its approval today to Australia's largest investment project ever, a US$3 billion (557.35 billion) development of vast gas deposits off the north-west coast of Australia. The announcement by Deputy Prime Minister Douglas Anthony opens the way for an estimated
      AP  -  320 words
    • 300 3 THE once-prond British pound that not so long uo oiled the wheel* of world trade, is shrinking ia mora wajr* thaa one. The Bank of England has just disclosed that aew pound note* to bo iseued early aezt year will ho
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    • 81 3 Reuter WASHINGTON, Wed. The House banking subcommittee hearings on the banking matters raised by the Comptroller of the Currency's investigation of Budget Director Bert Lance will start on Sept 8, subcommittee chairman Fernand St. Germain said. Mr. St. Germain said the subcommittee will examine a number
      Reuter  -  81 words
    • 87 3 Reuter WASHINGTON, Wed. A US auditing agency yesterday called for an overhaul of Defence Department accounting to recover millions of dollars gained from military sales abroad. The General Accounting Office said the US loses millions of dollars by not recovering the full costs of crating and
      Reuter  -  87 words
    • 93 3 Reuter WASHINGTON, Wed. The US Treasury, said It will sell US$2.3 billion (555.5 billion) of threemonth bills and $3.3 billion of six-month bills by auction on Monday to redeem an equal amount of maturing securities. The Treasury said its two-year note attracted an average effective yield
      Reuter  -  93 words
    • 82 3 Mexico City the largest? AFP GENEVA, Wed. The largest city in the world by the year 2000 could be Mexico City, with 32 million Inhabitants, according to a survey published here yesterday by the International Labour Organisation. The second largest city could be Sao Paulo with 26 million inhabitants. The
      AFP  -  82 words
    • 414 3 Reuter CHICAGO, Wed. A taxpayers' revolt Is In progress in Chicago with hundreds of citizens refusing to pay increased property taxes. While local authorities say taxes have been Increased by an average of less than 20 per cent, some taxpayers have been complaining of increases
      Reuter  -  414 words
    • 262 3 AP WASHINGTON, Wed. The Canadian Government's defence of Gulf Oil Corporation's participation in a uranium price-fixing cartel falls to take Gulf off the hook for Its actions, the chairman of a US House of Representatives Investigating panel said yesterday. Representative John Moss of California aakl
      AP  -  262 words
    • 489 3 Reuter NEW YORK, Wed. Morgan Guaranty Trust economists said they expect sterling to remain firm in the near term, but see uncertainty mounting over the longer-term outlook. writing in the bank's latest world financial markets report, the economists see current account balances, buoyed bv
      Reuter  -  489 words
    • 311 3 Reuter PARIS, Wed. The French Oovernment opposes a general reflation of the economy In the near future but has not ruled out the possibility of presenting the 1978 budget In deficit, Informed sources said. The budget decision was taken at a restricted Cabinet
      Reuter  -  311 words
    • 170 3 AP CANBERRA. Wed. Australian Deputy Prime Minister and Overseas Trade Minister Doug Anthony said today it would be tragic if disputed sugar contracts between Australia and Japan had to be taken to court for settlement. Mr. Anthony told the House of Representatives
      AP  -  170 words
    • 96 3 AP WELLINGTON, Wed. Against strong competition from European and other suppliers, New Zealand has won a contract to supply 3,200 tonnes of milk powder and milk fat to Iran for Its new scheme to supply about five million schoolchildren. The sale was announced today by
      AP  -  96 words
    • 28 3 Reuter CARACAS, Wed. Venezuela's gross domestic product grew 7.4 per cent In real terms last year, to U5530.95 billion (8575.8 billion), the Central Bank reported. Reuter.
      Reuter  -  28 words
    • 142 3 Reuter LONDON, Wed. The Bank of England will shortly raise commercial banks' foreign currency dealing limits, allowing them more flexibility to buy and sell forward currency and hold open positions overnight, informed banking sources said. The Bank of England declined to comment on the
      Reuter  -  142 words
    • 397 3 AFP LONDON, Wed. The Moscow Narodny Bank, the Soviet bank In London, sakl In Its new quarterly bulletin that the Administration of President Carter had revealed Its inexperience In world finance In underestimating reaction to Its policy of non-intervention on the value of the dollar.
      AFP  -  397 words
    • 89 3 UPT LONDON, Wed. Reacting to the latest UK unemployment figures, Mr. David Basnett, general secretary of the General and Municipal Workers Union, said that two million people could be out of work by the middle of next year unless the government did something drastic. He
      UPT  -  89 words
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  • Page 2 Miscellaneous
    • 319 2 WEATHER report for 24 hour* prior to 7.30 p.m. on Aug 24 at Singapore airport. Maximum Temperature 29.3° C Associated Humidity 79 Minimum Temperature 25.6° C Associated Humidity 94 Hours of Sunshine 2.70 Rainfall in Millimetres 4.5 Total Rainfall for the Month 144.4 Total Rainy Days for the Month 12
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  • Page 3 Miscellaneous
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  • 820 4 DESPITE a reduction In its production of tin concentrates, pre-tax trading profit at Southern Kinta Consolidated has risen by an Impressive 91 per cent to £2.37 million for the year ended March 31, 1977. And If the exceptional gain of £98,701 (loss, £60,593) is
    820 words
  • 340 4 Current Ex Date Total for ToUlfor payment Date pajyble the year previous year George Kent 12% July 21 Aug 26 12% 10% Malaysian Tobacco 15% I July 28 Aug 29 15%I 50% Island Pen. 8% Aug 11 Aug 30 15% 13% Pan Electric 20% July 26 Aug 31
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  • 270 4 AS EXPECTED, Dunlop Malaysian Industries has performed fairly well In the first six months of 1977 better than the previous corresponding period, though not as well as the whole of 1976. Unaudited group pre-tax profit rose nearly 18 per cent to $12.5 million. Ttils compares
    270 words
  • 289 4 LIEN HOE Industries has denied deliberately withholding Information on Its recent acquisition of 1.09 million shares In See Sen Chemical. Clarifying Its position, the company said It had replied by registered post on Aug 10 to the KLBE queries made on July 14, but due
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  • LATEST RESULTS
    • 60 4 Unaudited net profit M 816.71 million (12.34 million, for the year ended June 30, 1977. A second Interim dividend of 125 eents net (6.3 pence), will be paid on Oct 3, making total 250 cents net (23 pence). Output of tin concentrates 68,327 plculs (70,749).
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    • 49 4 Unaudited pre-tax profit before extraordinary Items 83.7 million (82-24 million) for the six months ended June 20, 1977. Total sales of rubber and oil palm products 814.44 million (811.2 million). The company will pay an Interim dividend of eight per cent (seven per cent) on Oct 3.
      49 words
    • 47 4 Unaudited pre-tax profit of 8262,000 8221,000) for the six months ended June 31, 1977. Sales totalled 81.14 million (81.34 million) and average selling price of rubber 82.12 per kg. (81.82). The company will pay an interim dividend of 10 per cent (same) on Oct 3.
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    • 53 4 Pre-tax profit before extraordinary Items totalled $12.8 million <5.08 million) In the six months ended June 1977. Sales of rubber, oil palm and refined palm oil products amounted to 839.6 million $21.04 million). The company has proposed an Interim dividend of 10 per cent (7 per cent), payable
      53 words
  • 1379 4 On Aug 23 TRADING on the Chicago Board Options Exchange came to 94,939 contracts on Tuesday compared with 94,555 contracts on Monday- OPTION OCT JAN APL STOCK Alcoa 9 4 UNTRD a 9/9 Alcoa to V4 1 3/9 2 1/2 44 9/9 Alcoa ao 1/10 1/0 UNTRD
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  • 483 4 TRONOH Mines appears all set for bumper earnings for the current year ending December, 1977. At the half-way mark, the group registered a solid 296.5 per cent rise In pre-tax profit to MBlO.BB million which Is Just 14.5 per cent short of the
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  • 507 4 KUALA LUMPUR, Wed. The management rearrangement of the London Tin and Charter group of companies took a further step forward with the appointment of the full 12member board of directors of Pernas Charter Management Sdn Bhd. The company was Incorporated on April
    507 words
  • 80 4 SECURA Singapore Ltd a subsidiary of Metal Box Singapore Ltd, has appointed Mr. Kbiw Siok Chye to Its board of directors with effect from Aug. 1. Mr. Khaw is concurrently the manager of 'the security printing division of Metal Box Malaysia Berhad, an associate company of Secura
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  • COMPANY MEETINGS
  • 336 4 METRO HOLDINGS, whose shares have been the subject of heavy buying In the stock market In the last two days, was asked by the Stock Exchange of Singapore If It knew of any reason for the bullish build up. On Tuesday the share began
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  • 405 4 NYT NEW YORK, Wed. For the badly mauled trust and pension equity accounts of leading banks and Insurance companies, recovery from the bear market that began In 1970 has been slow and hard. Despite good results In pooled-equity accounts in the
    NYT  -  405 words
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  • 97 5 NORTH AMERICAN COMPANIES THE Bank of Montreal plans to raise about U5567.6 million by way of a one-for-elght rights issue at $14.25 per share, the stock exchange said. Shares will not be offered to shareholders in the US because the shares will not be registered
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  • 75 5 Reuter ASHLAND OIL INC said It asked Commonwealth Oil Refining Co inc and certain other parties to extend to Oct 1 the Sept 1 deadline for its option to purchase Corco preferred stock. Ashland said It Is seeking the extension because of a similar request
    Reuter  -  75 words
  • 44 5 A SYNDICATE headed by Salomon Brothers said It priced an offering of 2.75 million shares of manufacturers Hanover Corp common stock at US$37 3/8 a share, the closing price for the outstanding shares In trading on Tuesday on the New York Stock Exchange.
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  • 254 5 Reuter FIRESTONE TIRE and Rubber Co said Its third quarter earnings came to US 39 cents per share, up from 38 cents a year earlier, on sales of $1.1 billion, up from $994.1 million. The year-earlier quarter net includes gain of $4.9 million or nine
    Reuter  -  254 words
  • 207 5 Reuter J. RAY MCDERMOTT and Co Inc said it Increased the price it Is offering to pay for 4.3 million shares of common stock of Babcock and Wilcox to U5562.50 per share cash from $60. McDermott said its amended offer is still contingent on 2.5 million
    Reuter  -  207 words
  • 84 5 UK COMPANIES Reuter THE UK Post Office said It placed contracts worth £20 million with UK telecommunications manufacturers as part of its £100 million system "X" project to introduce a new generation of telephone exchange equipment. The contracts, for the design of trunk, tandem and
    Reuter  -  84 words
  • 185 5 Reuter OCEAN TRANSPORT and Trading, the parent company of Straits Steamship, reported sharply higher earnings in the six months ended June, 1977. Pre-tax profit rose 71 per cent to £26.14 million from £15.29 million while sales advanced from £182.6 million to £241.5 million, an Increase of
    Reuter  -  185 words
  • 27 5 Reuter THE proposed takeover of Gallenkamp and Co Ltd by Flsons Ltd will not be referred to the Monopolies Commission, prices secretary Roy Hattersley said. Reuter.
    Reuter  -  27 words
  • 140 5 Reuter GENERAL MOTORS CORP said the price of its average 1978 model car will rise at wholesale by US$l95 or 4.8 per cent. The increase is less than the tentative six per cent Increase announced in July for new models. OM said list prices will
    Reuter  -  140 words
  • 82 5 Reuter THE New York Stock Exchange said It has reached agreement with the Pacific Stock Exchange to create an electronic fink between their trading floors. The NYSE said the link will accommodate trades between the two exchanges and will allow the Interchange of market information before
    Reuter  -  82 words
  • 126 5 LONDON, Wed. De Beers Consolidated Mines has managed nearly to double its pre-tax profit In the first six months ended June 1977. Unaudited group earnings come to 453.54 million rand compared with 250.8 million rand last time. After tax the figures stand at 291.35 million rand
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  • 1108 5 Gulf Western's 8-year campaign finally pays off NYT WESTBURY (New York), Wed. Gulf and Western Industries on Friday completed Its eight-year campaign to absorb the historic Madison Square Garden Holdings after a shareholders' meeting at Roosevelt Raceway. The 31 1 margin In the vote for merger was a foregone conclusion
    NYT  -  1,108 words
  • 143 5 ASIAN COMPANIES Reuter HONGKONG, Wed. The Rubber Trust Ltd. has increased Its unaudited net profit for the first six months ended March 1977 from HKS2.4 million to $3.23 million. The Interim dividend has been more than doubled to seven cents from three cents last time.
    Reuter  -  143 words
  • 57 5 Reuter TOKYO, Wed. Indonesia has signed a 10.13 billion yen loan with the Japanese government's Overseas Economic Cooperation Fund for Its multi-purpose dam construction project In Wonoglrl, Java, the fund said. The loan is repayable over 30 years, with a 10-year grace period, at an annual interest rate
    Reuter  -  57 words
  • 150 5 Reuter TOKYO, Wed. Nippon Steel Corp said it has reached agreement with malor Japanese steel users, including car firms and shipyards, to raise steel prices by an average seven per cent, retroactive from June/ July shipments. The agreement emerged from three-month long negotiations, It said.
    Reuter  -  150 words
  • 69 5 Reuter SYDNEY, Wed. CSR Ltd reported It purchased 95,000 All nominal shares In AAR Ltd yesterday at 51.75 each equal to Its proposed bid price. The purchase lifts CSR's stake In AAR t0'3.21 million shares, equal to 12.4 per cent of AAR's 25.85 million share issued
    Reuter  -  69 words
  • 78 5 Reuter HONGKONG, Wed. In-ter-exchange dealing between Hongkong's four stock exchange* will be permitted from today, a spokesman for the Hongkong Stock Exchange said. To facilitate trading between the Hongkong and Kam Ngan Exchanges, closed circuit television screens from each exchange have been installed on the other's floor, while
    Reuter  -  78 words
  • 82 5 Reuter TOKYO, Wed. Akal i Electric Co Ltd said It 1 plans to market home-use I video tape recorders (VTR) 1 in Europe through Its 1 network from next January at a monthly rate of 1,000 1 units. I Akal said it has arranged with the Victor
    Reuter  -  82 words
  • 102 5 AFP TOKYO. Wed. Japan produced 728,559 fourwheeled motor vehicles last month, the Japan Automobile Manufacturers Association announced today. The figure was up 1.4 per cent over a year earlier but It represented a drop of 3.5 per cent from June. Passenger cars totalled about 474.000, up 2.2
    AFP  -  102 words
  • 79 5 Reuter TOKYO, Wed. Mitsubishi Motor Corp said It plans to open its first European office in October to Increase exports to West Europe and Scandinavia. The office will be In Amsterdam, It said, adding, It also plans to look into the possibility of buying parts and accessories
    Reuter  -  79 words
  • 66 5 SYDNEY, Wed. Woolworths' unaudited consolidated net operating profit Jumped to A 510.7 million from $6.72 million In the half year ended July 1977. Sales came to $689.43 million compared with $565.55 million last time. The profit Is before extraordinary gains of $294,000, down from $503,000 last time, and
    66 words
  • 53 5 Reuter TAIPEH, Wed. Taiwan has decided to set up a development bank to help domestic industrial development, the Central News Agency reported today. The agency, quoting Economic Minister Y.S. Sun, said the bank would be one of "the Important measures the government Is taking vigorously to support domestic
    Reuter  -  53 words
  • 725 5 NYT NEW YORK, Wed. Where is that selling climax Wall Street Is looking for? According to a widely accepted theory, the stock market cannot recover Its bearings and begin a major advance until there Is heavy selling and rapidly declining prices capped by a dramatic
    NYT  -  725 words
  • 90 5 rßonds Reuter TORONTO, Wed. An Ontario government Treasury Department spokesman declined to comment on bond market reports the province will file for a US$2OO million debenture issue later this week for public offering by late September. Market sources said the province Is expected to file with the
    Reuter  -  90 words
  • 82 5 Reuter PARIS, Wed. Leuml International Investment NV, subsidiary of Bank Leuml Le-Israel BM. Is floating two note Issues totalling US$3O million on the international capital market. Bank, Leuml LeIsrael (France) SA said. It is floating $10 million of seven per cent seven-year notes convertible into Bank
    Reuter  -  82 words
  • 47 5 Reuter ZURICH, Wed. Swiss power company Rhonewerke AO will float a 60 million franc, 4.5 per cent, 14-year loan at par from Aug 30 to Sept. 5, Schweizerische BankGesellschaft said as issuing consortium leader. Proceeds will be used to consolidate medium term liabilities, it said. Reuter
    Reuter  -  47 words
  • 33 5 Reuter ZURICH. Wed. The 80 million franc 5 1/4 per cent 15-year loan floated at 99 per cent on the Swiss capital market by Finland was considerably oversubscribed, Credit Suisse said.
    Reuter  -  33 words
  • Page 5 Advertisements
    • 155 5 sm m n JL ME IRE PROFESSIONALS OUT OF CONTROL? Tinker, tailor, soldier, sailor, rich man Doctors, architects, engineers and professors too NEW DIRECTIONS puts them all under the microscope. WOIIEI YOB KNOW lISHIH FROM A TZU? NEW DIRECTIONS takes an illuminating look at the intricacies of translating Chinese poetry
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  • 2405 6 Gr'i Gr*s Nat 1*77 Last dlv Dhr yu P/B V«l Day High Low CmHV Sale +«r- e'w C86»> High Law 8ECTION ONE INDUSTRIALS 154 136 Acma 140 -3 12.0N 1.8 8.5 6.5 1 140 140 204 172 Alcom 172 10.0 0.5 5.8 27.7 109 58 Allied Choc
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  • 1438 6 ;HD lad offer prion officially Dated M buMki and reported to the oranmonjwtEr"l with Um number of Am traded *hown in bracket* In lot* of 1000 unite JSJT oUwn^ t AH Time SettWmtnt Contract* art quoted after the word "Sett." Bto Board <leali (in lot* of 0,000
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  • 1809 6 810 and utter prices officially Usted and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS Ajlnamota (196B). A team (1938) A. Ch»e (1) 0 99. (2)
    1,809 words
  • 49 6 STOKING print of tlx Mack optima officially liatad oa the Stack Eackahg* of Siagapara, tk« poriedo, bid aadeflar prieao aad bminoat dona yootorday, with tka aaaibar of optioai traded lhawa la bracket* Incbcape (March $2.40) (0.20B). U. 0.8. (March $3.20) (0.205) (5) 0.20. Wearnea (March $3.00) (0.15B).
    49 words
  • 137 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Milmil' prtoM for A ug 28) (Cumat m rieas) The Commerce.... 1.73 1.83 INCOME BOND 1.87 1.13 The Saving Fund 1.02 1.08 S'pore Prog Fund 0.88 0.81 MARA BUMIPUTRA FUND 8 pore Security (Maaagsrs' price* tar Aug 38) Pund 1.84 1.83M1 First
    137 words
  • 186 6 B OT 8 1/2% 1981 (100,000) (103*B 103*8) BO T 8 1/2* 1981 (50,000) (1) 103* B O T 7 5/8% 1984 (100,000) (998 99*8) B O T 7 8/8% 1984 20.000) (1) 99% L T C B J 1982 (100.000) (98 *B 998) Credit Lyonnais Floating 1983
    186 words
  • 143 6 Rep Spore D Mark 7% 1982 (100,000) (1018 101*8) Rep Bpore 6 1/2% 1983 (100,000) (99*8 100*8) Rep Bpore 7 3/4% 1987 (100,000) (100*B 1018) 5 1/4% 15/7/78 (250.000) (101.208 101.458) 4 3/4% 1/5/79 (250.000) (100.608 100.888) 5 1/4% 15/10/79 (250.000) (101.658 101.908) 6 3/4% 15/C/80 (250.000) (104.80B)
    143 words
  • Page 6 Advertisements
    • 176 6 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who
      176 words

  • 680 7 SHARES staged a mild rally in moderate trading on the Stock Exchange of Singapore yesterday. During the morning session the market showed some signs of weakness on carried over selling orders. Hie trend, however, took a turn for the better in the light of scattered support
    680 words
  • 348 7 TIN stocks featured bullishly on the Kuala Lumpur Stock Exchange yesterday. The strong support, with a more than doubling of the sector's volume to 586,000 units, caused most of the tin counters to set new highs for the year. It also took the New Straits Times Tin
    348 words
  • INTERNATIONAL STOCK MARKETS
    • 315 7 HONQKONQ: The market closed slightly firmer In falriy quiet trading, dealers Mid on Wednesday The Hang Seng Index roee 0.07 point to 421.80. JmrUmm Mufcme roee 90 cenU to 914.00 and Bwfas Ptdfie five cents to 90.79 and Htifkwf Buk and Wheelsck Mirto were unchanged. Turnover on the four
      315 words
    • 485 7 Reuter TOKYO: Share prices fell sharply In active trading, dealers said on Wednesday. The Dow Jones average lost 33.38 to close at 5,150.24, with volume 300 million shares. The New Index was 382.06, down 1.05. Blue chips and exportoriented shares weakened on limited liquidations and other selling, while speculatlves
      Reuter  -  485 words
    • 435 7 SYDNEY: The market closed generally lover after opening slightly firmer, dealers said on Wednesday. The Bydney All-Ordinaries index closed 1.94 points down at 425.90. Uraniums were again easier ahead of the government announcement on uranium development, with P»ao—ti— ul losing 10 cents to 910.30, Ea Industrie* two cents to
      435 words
    • 171 7 MANILA: The market closed higher across the board, on Wednesday, although turnover declined slightly to 5.M million pesos from Tuesday's 6.35 million, dealers said. OH issues continued to dominate trading with a total turnover of 4.50 million pesos. Gainers were Ami* Ifhrif, Atlas Cob A, Bagnio Gold, Lepanto B,
      171 words
    • 104 7 AUG M Batata Asia Fibre MO -4 I lil arr -m l i v' i f't\ H M -4 folium Bank 1 715 -5 Berll Jucker 438 unch Charoon»Thal Wire 164 unch Dumex DuOtThanl 2348 FabtrMerttn flirt Trust 1928 Indo-Thai Industrial Finance Corp 1306 +30 J And J Ho
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    • 276 7 AMSTERDAM: The market closed generally firmer on Tuesday, and Unilever and Reyal Dutch led Dutch Internationals higher, dealers said. Elsewhere, firmer shares Included Helaekea, Amro and Fokker. Van Ommeren, Nabonale Nederlandra, Gistbrocadee and Pakboed were among weaker Issues. State loans were lower In quiet trading. AUG FU Ahold #0
      276 words
    • 144 7 BRUSSELS: Local issues were generally lower In quiet trading, dealers said on Tuesday. Electroflaa, Hoboken and Finoutreaer rose against the trend, but falls Included Sidro, FN, Toaaaadarloo, and UCB. UK and German stocks were lower, and gold mines also fell. US stocks were mostly higher. Petroflna eased, but Canadian
      144 words
    • 347 7 FRANKFURT: Shares closed well maintained on Tuesday; but off their day's high, buoyed by hopes of llquiay easing measures from the Bundesbank Council meeting an Thursday, dsalsrssald. Aralnst ths general trend, chemicals Inet ground, with Best down 1.19 maJka, Bayer 1.20 and Hsachet one. Bayer and Hesshst are emected
      347 words
    • 164 7 MILAN: Stocks fell back following the gains of the last four sessions, bourse sources said on Tuesday. Trading however, was somewhat thinner than In the past few days. Generate Immobiliare, Montedison, Flat, both Pireilis and both OUvettk all fell. Italgas, Italsider, Stet and Moadaderi gained, but other financial and
      164 words
    • 341 7 PARIB: The market was generally mixed, dealers said on Tuesday. Banks, Investment companies, and buildings were mixed, while foods Improved. Micfcelin, in rubbers, advanced slightly and Paris Franco, In stores, gained six per cent. El ec til call and chemicals were Irregular, while metals fell. Oils gained slightly. In
      341 words
    • 283 7 ZURICH: The market cloeed narrowly mixed In moderately active dealings, with no new Incentives, dealers said on Tuesday Leading banks and Insurances showed only minor changes. Financials followed the general trend, with both Bally stocks lower while Haaler firmed. Among slightly Irregular Industrials, Globus bearer and Sulaer registered met
      283 words
    • 387 7 JOHANNESBURG: Gold shares were quietly easier on the stock market in line with the lower bullion price, dealers said on Tuesday. Heavyweights fell by up to 00 cents, while medium ana lightweight Issues shed up to 15 cents. Mining flnanclals followed producers down. Copper shares were harder and platinums
      387 words
    • 293 7 TORONTO: Share prices closed mixed in light to moderate trading on Tuesday. The comKslte Index was off 1-1/2 points, t advances led declines 191 to 188. Northern Telecom, which laid off 280 workers at Its Bt. Laurent. Quebec, plant fell 3/4 to 32. Beak of Montreal lost to 16
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    • 1165 7 NEW YORK: A late bout of selling in glamour stocks reversed an earlier advance on the New York Stock Exchange on Tuesday. sending prices to a lower closing In moderate trading. Wall Street analysts said the market lacks conviction because of concern over a possible economic slowdown. Triey
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    • 63 7 FINANCIAL TIMES INDUSTRIALS Tuesday 483.7 Monday 485.6 Week Ago 490.4 DOW JONES AVERAGE INDUSTRIALS Tuesday 885.56 Monday 887.29 Week Ago 869.28 LONDON DOLLAR PREMIUM Tuesday 88 to 88* Monday 88H to 89 H H.K. HANG SENG Tuesday 421.13 Monday 421.03 Week Ago 419.01 ALL ORDINARIES Tuesday 427.23 Monday 431.13
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  • Page 7 Advertisements
    • 470 7 BUSINESS TIMES Airline Directory Acroflot Soviet Airlines 110-112 Show Centra, Orchard Rood, (Tel: 377.111) Air Ceylon 302-6, 3rd Floor, Marina House Shenton Way, Singapore (1) (Tel: *****66) Ground Floor, ICB Building, Shenton Way Singapore 1 (Tel: *****11) 16th Floor, UIC Building, Shenton Way, Singapore 1 (Tel: 2205.277) Air New Zealand
      470 words

  • COMMODITY REPORTS AND PRICES
    • 565 8 ON the Singapore rubber market yesterday, prices were marked down 1.50 cents at the opening following lower London advices, but recovered quickly on reports of overnight acceptances from overseas. Past midday, continued buying Interest following some Russian orders caused prices to advance further, dealers said.
      565 words
    • 328 8 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 197.50 198.50N 198 00 199.OON Int. 1 R.S.S September 199.00 199.25 199.50 199 75 Int. 1 R.S.S October 201.50 202.00 202.00 202.50 Int. 2 R.S.S 196 75
      328 words
    • 101 8 NOON SSR and SMR prices yesterday R.A.S. September October (Current Mth) (F« irwird Mth) Buyers Selleri Buyer* Seller* (cent* per kf) (a nuperkc) SSR 20 (1 ton pallet) 195 00 197.00N 196 00 198 00N SSR 50 (I ton pallet) 192.50 194.50N 193.50 195.SON MKELB SMR5CV (1
      101 words
    • 30 8 Rubber: August 24 Singapore: September 1M.50 oenta (up 0.75 cent.) Malaysia: September 200.75 cents (up 0.75 cent) Tin: $1,706 (down $20) Official offering: 200 tonnes (down 20 tonnes)
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    • 201 8 BANGKOK, Wed. Indicative prices quoted here today were unchanged from yesterday: Prices in U8 dollars per tonne Fob basis Bangkok: Whit* Rica: 100 pet Ist class 308. 100 pet 2nd 292, 100 pet 3rd 288. 5 pet 277. To pet 253. IS pet 250. 20 pet ***** pet 238.
      201 words
    • 380 8 PEPPERS registered all round galhs in a generally quiet but steady Singapore produce market yesterday. The small recovery came following the withdrawal of bulk selling by origins Including Sarawak and Indonesia. Trading in the commodity, however, remained minimal and mainly on consumer account. Going by prices supplied by
      380 words
    • 236 8 LONDON, Wed. Coffee opened slightly steadier with gains of £2 to £22 and turnover of only 179 lots. September was offered at £2,885. Coffee prices moved up £66 to £33, led by September which closed at £2,933 after selling as high as £2,940 and down to £2,840. The morning's
      236 words
    • 65 8 THE Malaysian Minister of Finance has fixed these rates for the period from Aug 25 until further notice: Rubber: 88 7/8 cents a pound Cnra: 8792,00 a ton Pain Kernel: $235.25 a ton The rates of duties payable are: Rubber: 3/4 cents a pound Total 15 1/4 cent
      65 words
    • 88 8 C.I.F. Rotterdam, US dollars per ton. LONDON: Malaysia 5% ffa bulk: Tuesday Previous 428 pd Nov 420 sir Jan 420.50 pd 428.50 pd Sumatra 5% Aug 582.50 sir 582.50 sir Sept 472.50 slr/470 pd 480 sir Oct 431.50 slr/435 pd 447.50 sir Nov 427.50 slr/425 pd 430 sir
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    • 217 8 LONDON, Wed. Terminal cocoa finished a relatively short first call mostly £12 lower (July 1978 at £2,070) to £2.50 higher, having Initially traded £14.50 down against New York in near December £2.345 Der tonne. But near September was exceptionally higher by £16, partly due to a realignment of overnight
      217 words
    • 294 8 THE Straits tin price In Penang yesterday was down MS2O to $1,705 per plcul on an official offering down 20 tonnes to 200 tonnes. Prices weakened following the easier sentiment on the London Metal Exchange, but some buying from Japan and the US was reported at the lower level,
      294 words
    • 265 8 LONDON, Wed. Terminal sugar recorded first call gains from last night's close of £0.10 with near October at £112.10 to £1 per tonne, slightly up from kerb levels. But prices eased back In generally thin open trading. Dealers said sentiment continued to be bulllshly Influenced by optimism over the
      265 words
    • 288 8 HONGKONG, Wed. The cotton futures market closed slightly firmer and at the day's highs, In fairly quiet trading, closely In line with the overnight rise In New York, dealers said. By shortcoverlng, commission houses pushed prices up 0.25 to 0.01 US cents, they added. Total turnover fell to
      288 words
    • 146 8 CHICAGO, Wed. A late wave of local short-covering yesterday lifted soybean futures and final gains ranged from 3-3/4 to 6-1/4 cents a bushel, about two cents off the highs. In the closing minutes a prominent professional firm reportedly bought one million bushels of the November contract, helping to spur
      146 words
    • 114 8 CHICAGO. Wed. Wheat futures here yesterday closed unchanged to fractionally higher after fluctuating throughout the session In a narrow one-cent trading range. Final prices were unchanged from Monday for the deferred September to cent a bushel higher for most other months. Traders said some buv-lng-support stemmed partly from a
      114 words
    • 314 8 LONDON. Wed. Copper was mostly £0.50 per tonne higher for wlrebars. Cathodes were £1.50 up for cash and £1 higher for Three Months. The market was fully steady In early trading, aided by the later rally m US futures yesterday, but subsequently encountered some trade pricing sales. Although this
      314 words
    • 251 8 LONDON, Wed. Silver gained three pence per troy ounce for cash and 2.7 Knee for Three Months Is morning. Values were marked up in the early pre-market, reflecting the overnight rally at New York and steadier gold this morning, trade sources said. Subsequently, prices drifted slightly lower under a
      251 words
    • 330 8 pHE kllobar In Singapore B?ened at Ssl 1,416 and osed at 5511,420 In quiet condition. On the London market the metal opened at U*****.20/50 and closed at U*****.20/40. The London morning fix was U*****.00, up $60 on the previous fix. Source: Singmas Retail prices per tael quoted by the
      330 words
    • 129 8 LONDON, Wed. Lead was unchanged for cash and £2.5 per tonne higher for Three Months this morning. Dealers said the market generally displayed a steady trend although yesterday afternoon's late kerb rally was not maintained. After early business at £318 per tonne, Three Months at the end of the
      129 words
    • 128 8 LONDON, Wed. Zinc was £1 lower for cash and £1.50 down for Three Months this morning. The market was rather quiet which trade sources attributed to a background of low level outside demand and no follow-through to yesterday's late reports that the lower levels were attracting physical interest. Three
      128 words
  • MONEY AND EXCHANGES
    • 509 8 THE local money market yesterday saw rates taking a tumble across the board. Overnight money, which opened at the 2Vi per cent level, dropped to as low as per cent during postclearing hours and closed at about I per cent. Throughout the trading session net borrowers had no problems
      509 words
    • 53 8 ACBC Firat Chicago Algernon* Bank 6V« Citibank |H Bangkok Bank 7 HSBC IH Bank of America $H 6'< Bank of China 7 m Bank of Tokyo m Bank Negara OCBC s** Indonesia 7 OUB t'i Chartered Bank 6h L'CB 7 Chaae Manhattan 6 l < L'MBC 7
      53 words
    • 175 8 Asian rates ASIAN currency deportt interbank rate* u at clog* on Auy 24: US Dollar* (Spot) OChr Bid 7 days 1 tnth 2 mthi 3 mtlu 6 mtfts 9 mths 12 mthi 1 mth 3 mtlu 6 mttu 12 mtlu ...8 7/8 6 3/4 ...111/IS 5 11/11 l/» ..1 5/16
      175 words
    • 49 8 RANGE of prices offered by discount houses on Au| 24 Overnlf ht to 3* Cull deposit 3% CUH Buylnc 3-Montn Treasury 3 3- Month Bank bills 4 1/4 3-Months CD 4 1/2 fl-Months CD 4 15/16 2 7/t 1/8 4 3/8 4 13/16 Source: National Discount Co. Ltd.
      49 words
    • 81 8 Euro rates LONDON, Wed. Eurodollar deposits yesterday closed a shade easier In places from generally steady openings In slack trading, dealers said. Time deposits had an easier undertone by the close with some positions 1/1® softer on the offered side. Three Months remained steady after Its higher opening because of
      81 words
    • 39 8 THE Monetary Authority of Singapore Invites banks and discount houses to tender a total of $30 million 91-day Treasury bills to be Issued from Aug 29 to Bept 2. Each tender must not be less than $250,000.
      39 words
    • 158 8 NEW YORK, Wed. The dollar closed weaker on balance yesterday after a moderate trading session, as expectations grew here of another record US trade deficit In July, to be reported on Thursday, dealers said. Many operators here expect a deficit of US$3 billion or more, above the record
      158 words
    • 172 8 LONDON, Wed. The US dollar eased in thin trading to around 2.3130/40 marks from 2.3190/3200 overnight, dealers said. It weakened as market apprehension over US trade figures, due tomorrow, grew. Estimates here range above the US$2.B2 billion record June deficit to a $3.2 billion shortfall, dealers said. Furthermore, operators
      172 words
    • 100 8 TOKYO, Wed. The US dollar for overnight delivery closed slightly lower at 266.70 yen, after a 266.75 opening and 266.80 at yesterday's close. The dollar moved narrowly as forward dollar buying by importers was balanced by yen buying from Southeast Asian centres, dealers said. Combined spot trading volume was
      100 words
    • 111 8 HONGKONG, Wed. The US dollar eased in fairly quiet trading to a late 2.3135/45 marks from 2.3160/70 in New York, after fluctuating between 2.3130/40 and 2.3150/00 earlier, dealers said. The dollar was unchanged against the Hongkong dollar at 4.6450/60 but slightly weaker against the yen at 266.60/70 266.74/88 in
      111 words
    • 51 8 AUSTRALIAN/NZ exchanges on Aug 24: Australia Sterling 0 8377/0.8414 US dollar 1 1055/1.1131 Ninety-day air mall buying rates: Sterling 0.8538 US dollar ***** Ninety-day forward buying rates: Sterling 0.6333 U8 dollar 1.0956 New Zealand: Sterling 0.5574/0.5543 U8 dollar 0.9746/0 9646 Ninety-day forward rate: Sterling 0 5702 US dollar 0
      51 words
    • 50 8 ZURICH exchanges closing quotes on Aug 23: US 2.400-4010 UK 4 .1785-1790 Can 2.2370-2300 W Oerm 103 45-55 NeU) 97.M-M M FTance 48 99-49 03 Belf 6.75-75-3/4 Denm 40 05-08 Norw 45.43-48 8wed 54 55-58 Italy 0.2720-2723 Austria 14 59-81 Port 6.19-23 Spain 2.M-1/4-M-3/4 An 0 55-45 Japan 0.90-90-1/2
      50 words
    • 39 8 FRANFURT exchanges opening quotes on Aug 24: U8 2 3125/35 Can 2.1565/85 UK 4.027/33 Neth 94 80/70 Swltz M 87/77 Italy 2 821/28 France 47.25/35 Norw 43 70/80 Brig (com) 8.515/25 Bel« (fin) 8 50/51 Japan 0 8875/85
      39 words
    • 348 8 LONDON, Wed. US straight bonds firmed by up to V 4 point on low volume, dealers said. Canadians also firmed but gains were limited to around point. The pricing of AB Goetaverken notes and bonds, at par and 99respectively, was higher than expected, market sources said. They expect them
      348 words
  • Page 8 Advertisements
    • 313 8 Penguin Li IN PENGUINS Yukio Mishima firmly upheld the traditions of Japan's imperial past, which he believed were being slowly eroded by Western materialism. Disillusioned he astonished the world* in 1970 by committing hara-kiri or ritual suicide by disembowelment. One of his last works, Runaway Horses, is now published in
      313 words

  • TRANSPORT AND COMMUNICATIONS
    • 144 9 Reuter ROME. Wed. Italian print workers yesterday began legal proceedings to Kvent the proprietor of me's English language paper, the Dally American, from closing it down, sources on the paper said. A local print union was taking action against the proprietor, Chantal Dubois, for defying
      Reuter  -  144 words
    • 35 9 Reuter SYDNEY. Wed. The Australia Northbound Shipping Conference said its Australia to East Asia (Hongkong,' Philippines, Taiwan) bunker surcharge will rise to 10.31 per cent from 10.12 per cent on Sept 1. Reuter
      Reuter  -  35 words
    • 479 9 AFP AP LONDON, Wed. An air controllers' strike in Britain starting Friday is all but certain, after failure today of a government effort to avert it. Union representatives of the controllers, who demand a 17 per cent pay Increase, rebuffed a conciliation attempt by
      AFP; AP  -  479 words
    • 125 9 AFP KUALA LUMPUR. Wet. Malaysia has ordered six specially equipped barges from France to fight oil spills In the Straits of Malacca. The barges will cost about UBBBOO.OOO (551.95 million). A contract for the delivery of the barges was signed here last night by the Ministry
      AFP  -  125 words
    • 49 9 Reuter LONDON. Wed. Ocean Transport and Trading Ltd said It ordered three cargo ships worth £38 million (8131 million) from the state owned British Shipbuilder Scott Llthgow Ltd. The ships will be delivered between the second half of next year and the first quarter of 1980. Reuter
      Reuter  -  49 words
    • 1475 9  -  By STEPHEN M. AUG Washington Star WASHINGTON: An airline fare war on some of the world's most heavily travelled routes doubtless Is benefiting ordinary consumers but at the same time it is driving to the brink of financial disaster the traditional suppliers of low-cost
      Washington Star  -  1,475 words
    • 209 9 Reuter LONDON, Wed. Orders In hand or under construction at world shipyards fell 5.58 million tons during the quarter aided June 30,1977 to 45.84 million tons gross, the lowest level since September, 1988, Lloyd's Register of Shipping slid. In its latest Merchant Shipbuilding Return it
      Reuter  -  209 words
    • 75 9 AFP HONOKONO, Wed. Simultaneous top-level ceremonies will take place In the Philippines, Japan and Hongkong on Friday to inaugurate Asia's largest submarine cable system. The Oklnawa-Luson- Hongkong (Oluho) system carries 1,840 telephone circuits between Hongkong and the Philippines and 1,600 channels between Luzon and Okinawa. The inauguration ceremonies
      AFP  -  75 words
    • 397 9 SCANDUTCH Is a consortium of five European shipping lines. These are Brostrom Shipping Company (Gothenburg), Compagnle Generate Maritime (Paris), the East Asiatic Company (Copenhagen), Nedlloyd Lines (Rotterdam) and Messrs. Wllh. Wllhelmsen (Oslo). It has an agreement with the Malaysian International Shipping Corporation (MISC) to operate a Joint service between
      397 words
    • Article, Illustration
      360 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Anwo Venture (6ZMQ) (0630 6/7 Dong Bee (0900 after Asmara) 31/32 Ibn Majid (2200 after Eumaeus) 35/36 Kaihei Maru (JOUQ) (0600 40/41 King Sun (0600 after King River) 24 Nedlloyd Eems (1900) 10/11 Sarunta HI (0600) 29/30 Sonderhausen (1100 after Komsomolskaya Slava) 8/9
      360 words
    • 573 9 ARRIVALS Soyice Local Operator Number Time Pram -v CPA CX003 0145 HKO ffifs fm {S^ cmb CPA CX710 1000 HLP OIA GA980 1030 HLP SIA SQ211 1045 HLP OIA OA944 1055 PKU OIA QA906 1100 MES PAL PR501 1115 MNL RBA BI325 1155 BWN SIA SQ240 1210
      573 words
    • 160 9 UPI LONDON, Wed. Despite a fall-back in the volume of trade, there was sufficient business albeit varied, to attract attention. Grain movements out of the St. Lawrence and US Oulf predominated although loaders for European discharge were hard to find. Schouten, however, booked a 55,000 tonner with
      UPI  -  160 words
    • 86 9 CATHAY Pacific Airways (CPA) will resume Its Singapore/Bangkok return service from Nov 1. There will also be one direct Singapore/Kuala Lumpur return service per week In addition to Dubai being added to the carrier's network of routes. All the services will be operated with full traffic rights. There
      86 words
  • Page 9 Advertisements
    • 273 9 while stocks last! f m s fc? Jr f v- f '-4V- **&%*<- jk -*A $125/The TimM Atlas of China it far mora than a collection of detailed, up-to-data maps, it ia an informative, ganaral guida to modarn China the land itaeff, and the economy and peoples it euetaine. The
      273 words

  • 850 10  -  By RUTH GRUBER UPI LELYSTAD, The Netherlands: There's an old saying that when God created the Dutch people he forgot to give them land to live on. For nearly 10 centuries the Dutch, with about a fifth of their land area below sea level,
    UPI  -  850 words
  • 194 10  -  NELLIE KO (Mrs) RE: BUSINESS TIMES ARTICLE (Aug- 23) "MEMO TO GOVERNMENT"? CHAMBER DENIES THOSE REPORTS I refer to the Business rimes article on the front page with the above captioned headline. Wc object to the very misleading headline which says, in effect, that the Chamber had
    194 words
  • 974 10  -  By JERRY FLINT NYT NEW YORK: There were Italians and Jews and Hispanic people, and now It Is the Chinese who are moving Into New York's needle trades. "Before me nobody was working for Marty In Chinatown. Five years ago he said "No, no, no
    NYT  -  974 words
  • 893 10  -  BRITISH RAIL'S VENTURE In 1886 Lord Newberry paid 24 guineas for a Tiepolo sketch. In 1975 British Rail's pension fund paid £196,000 for it. They, too, are taking the lonf-term view of their investment in art. By MICHAEL THOMPSON-NOEL FT LONDON: The story began In December,
    FT  -  893 words
  • 1106 10  -  By VIVIAN LEWIS NYT PARIS: After gracing the Paris skyline for 88 years, Alexandre Qustave Eiffel's creation Is under attack again. No one Is proposing to tear down this city's best-known landmark, as Ouy de Maupassant and other aesthetes of the 1890s urged.
    NYT  -  1,106 words
  • Page 10 Advertisements
    • 166 10 GAMBLERS HANDBOOK HA V n 1 a Hor$ e5 is £v rP P Di<* n i M lf]i I 1 i y kff It H I U 16/ by E. Lenox Figgis F.C.A. A practical handbook explaining how batting takos placa on tha world's most popular batting pastimot, including hortas,
      166 words

  • 196 11 KUALA LUMPUR. Wed. Tin production dropped by 1,063 tonnes in the first six months of this year compared with the same period last year. The January to June production for 1977 was 20,378 tonnes. According to the Mines Department, the June production was 4,688
    196 words
  • 125 11 AFP HONGKONG, Wed. Negotiations proceeding In Belgrade may land a Hongkong electronics company a US$4 million (559.6 million) order for stereo cassette-radio sets, it was learned here today; The Hongkong company is Asia International Electronics (AIE) whose managing director, Mr. C. K. Wong, is
    AFP  -  125 words
  • 32 11 BANGKOK, Wed. Kuwait Is expected to extend a US$2O million (S*49 million) loan to finance an electricity expansion project in the southern province of Pattanl, an official source reported today.
    32 words
  • 549 11 Reuter AFP TAIPEH, Wed. The Cabinet has announced a wide-ranging programme aimed at stimulating Taiwan's lagging capital Investment. The programme covers three major areas and Is designed to provide more favourable incentives and create a better climate for Investment. Greater tax exemptions and reductions will
    Reuter; AFP  -  549 words
  • 336 11 IT is contest time for Singapore motorists. Two oil companies have each joined hands with a major airline to promote their product sales. British Petroleum is running its contest in conjunction with British Airways, while Shell has Just started a similar competition in association
    336 words
  • 218 11 TEN agents and suppliers of scientific equipment and laboratory ware will display their latest equipment at the Singapore National Institute of Chemistry's (SNIC) symposium on "Progress of Chemistry In Singapore" from Aug 27 to 28. The exhibits to be displayed In 19 stalls, will
    218 words
  • 91 11 A SEMINAR on Singer Audio Visual Technical Service will be held at Hotel Summit from Sept 19 to 21. The seminar, to be conducted by Mr. Harry Davis, assistant national service manager of Singer Education Systems, Rochester, New York, will be on how to repair and service
    91 words
  • 155 11 AFP KATHMANDU, Wed. India has agreed to sign two separate treaties on trade aad transit with landlocked Nepal, it was officially announced here today. Nepnlese Foreign Minister Krishna Baj Acyal told the National Legislative Assembly yesterday that Indian Prime Minister Morar# Desai had
    AFP  -  155 words
  • 79 11 Reuter TOKYO, Wed. Japan's defence Industries face a crisis due to a sharp decline in their work and may be unable to meet the nation's future defence needs, the Federation of Economic Organisation (Keldanren) said. It said In a report that the amount of work done by
    Reuter  -  79 words
  • 628 11 PENANG, Wed. The state government was urged today to draw up a master plan for the development of Important tourist projects and faculties. It was also taken to task by the hotel Industry for showing more concern In developing the Industrial economy than the
    628 words
  • 69 11 A LONDON-BASED firm, Carlmex Ltd., has filed a Setltlon with the High ourt here to wind up Grace Pharmaceutical Pte. Ltd. The petition alleges that Orace Pharmaceutical Is unable to pay up <28,126.86 due to Carlmex under a bill of exchange sometime last year. The petition
    69 words
  • 469 11 KUALA LUMPUR, Wed. West Asia has emerged as the fastest growing market for Malaysian sawn Umber. Export to that region in the first quarter of the year shot up by *72 per cent against the corresponding period last year. According to the latest issue
    469 words
  • 1460 11 Reuter NEW DELHI,Wed. —India celebrated Its 30th anniversary of Independence on Aug. 15 the day that signalled the beginning of the break-up of the British Empire and the wider process of post-world War Wo decolonisation. Many Indians today say proudly that
    Reuter  -  1,460 words
  • 216 11 PRODUCTIVITY of Singapore workers Is rising fast but has yet to match the level of the Germans. This Is the view of Dr. Hans Dietrich, the outgoing West German Ambassador, who has completed a four-year diplomatic stint here. Comparing Singapore and German workers, he said: "Productivity
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  • 63 11 SCOTT and English will be conducting its first Asean sales and technical seminar on Saxon copiers from Sept, 7 to 8 In conjunction with the coming ABEX Expo 77. The seminar will be attended by a 16-man delegation from Hongkong, Taiwan, Philippines, New Zealand, Tahiti, Thailand, Malaysia
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  • 58 11 AFP BANGKOK, Wed. The minimum wage for labourers in Bangkok and five surrounding provinces will go up by three baht (536 cents) on Oct 1, a spokesman for the Interior Ministry confirmed today. The Increase, which was calculated according to the Increased consumer price index, means
    AFP  -  58 words
  • 197 11 Reuter MANILA, Wed. The Philippines will ask Japan to extend trade preferences for several export commodities during the forthcoming renegotiation of the bilateral treaty on amity, commerce and navigation, officials said today. Trade Secretary Troadlo Qulason Jr. said the commodities Included coconut oil,
    Reuter  -  197 words
  • 254 11 KUALA LUMPUR, Wed. The consumer price Index for Peninsular Malaysia rose by 0.3 per cent in June to 153.3. This Is mainly due to the Increase In rent by 3.3 per cent. To a lesser extent, the Kce Increase also arose m higher
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  • Page 11 Advertisements
    • 148 11 APPOINTMENTS SENIOR PROJECT ENGINEER required in Brunei. Accommodation will be provided. Prospects for advancement and promotion are excellent as this is a senior managerial appointment calling for a qualified civil engineer with proven experience in whan construction including major piling and dredging works. He should be a mature sell-starter around
      148 words

  • 1188 12 LOCAL RUBBER shippers remained unruffled by the prospect of having to pay freight rates 2.5 per cent higher than Malaysian shippers, if they use Par Eastern Freight Conference (FEFC) lines. This would result from a separate merchant agreement to be signed by
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  • 184 12 BUSINESSMEN prefer arbitration rather than litigation In settling disputes, an eminent British Judge, Mr. Justice Michael Kerr, said yesterday. This Is because businessmen see certain advantages in arbitration, he told lawyers and legal students in a talk at the University of Singapore. Mr. Justice Kerr
    184 words
  • 232 12 A FOUR-MAN Vietnamese purchasing mission Is here to buy rubber processing equipment and machinery spare parts. Led by Mr. Hoang Thlen Tam from the Vietnam National Machinery Import and Export Corporation, the mission has already started negotiations with four or five engineering companies In the
    232 words
  • 187 12 THREE directors of Fortuna Realty, now in liquidation, were fined a total of $28,000 in a district court for contravening the Housing Developers (Control and Licensing) Act. They are Sze Chu Mlaw, Llm Chong Ern and Llm Choong Sing. Llm Choong Sing, who faced five charges in
    187 words
  • 101 12 tHE trustees of the estate ui me late Mr. Seah Liang Seah were awarded an additional sum of $513,500 on two appeals for Its houses at North Bridge Road and North Boat Quay which were acquired by the Government five years ago for urban renewal. The first
    101 words
  • 222 12 BOTH Bl»niin Airlines (8IA) airfßrfciah Airway. (BA) are MtrrW to be, pl«ui< with yeeterday'i' jafat Concorde witw, daocrlbod by a BA apokeei»M the matting waa imftil aai very constructive bat declined to (•■■•■t farther, atoce the ■■■Hag waa ml preliminary and by mm means final,
    222 words
  • 28 12 AFP JAKARTA, Wed. Foreign companies have spent US$7OO million (881.72 billion) in mining explorations during the past 10 years, the Mining Ministry spokesman said today.
    AFP  -  28 words
  • 264 12 Reuter MANILA, Wed. The Philippines Is offering to reduce tariff rates on 14 products from fellow members of Asean, officials here said. The 14 Items are among the 71 products on which the five Asean states have agreed to extend one another tariff
    Reuter  -  264 words
  • 203 12 AFP KUALA LUMPUR, Wed. The third Asean parliamentary conference to be held in Manila next Monday is expected to discuss and finalise the statutes for the formation of the Asean Parliamentary Organisation. The Secretary of Parliament, Datuk Azizul Rahman bin Abdul Aziz, said here today that the
    AFP  -  203 words
  • 113 12 CANBERRA, Wed. Australia has signed an agreement to participate In the development of telecommunications In the Asian and Pacific region, Minister for Post and Telecommunications Eric Robinson announced here today. Mr. Robinson told Parliament that Australian membership of the AsiaPacific Telecommunity would help In the
    113 words
  • 368 12 •SINGAPORE cannot afford to have poor quality work because It means bad business, the director of Public Works, Mr. Yap Neng Chew, said yesterdaySpeaking at the opening of the "Engineering ana Building Careers Exhibition and Seminar" at the Singapore Conference Hall organised by
    368 words
  • 481 12 APF Reuter TOKYO, Wed. The government will toon take measures to buoy up the faltering economy and to attain the "Interna-tionally-promised" economic growth of 8.7 per cent this fiscal year, ending next March. This was agreed upon at a meeting today between Prime Minister Takeo
    APF; Reuter  -  481 words
  • 147 12 Reuter MANILA, Wed. American Express International Banking Corporation (Amex), one of the biggest American multi-national companies here, today opened its offshore banking unit in the Philippines. Amex, also active in the West Asia through the American Express Middle East Development Company, is one of 18
    Reuter  -  147 words
  • 823 12 LONDON. Wed. The stock market traded very quietly today and at the close shoved small mixed more menu, dealers said. At 3 pm the Financial Times Index was up 1.4 at 485.1. Government bonds were narrowly mixed. Longs closed up to 1/1 point lower on balance and shorts
    823 words
  • 167 12 KUALA LUMPUR, Wed. The Registrar of Societies has called for the minutes of the MTUC's delegates conference held In December last year. It Is understood that he Is probing into allegations of Irregularities In the election of principal officials at the conference. The registrar, according
    167 words
  • 31 12 AFP NEW DELHI, Wed. India's exports of synthetic textiles registered an Increase of 268 per cent during the first six months of this year, official figures showed yesterday. AFP.
    AFP  -  31 words
  • Page 12 Advertisements
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      157 words
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