The Business Times, 31 August 1977

Total Pages: 12
1 12 The Business Times
  • 9 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, AUGUST 31, 1977 50CENTS
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  • NEWS IN BRIEF
    • 65 1 UPI WASHINGTON, Tues. The government's barometer of future economic activity fell 0.2 per cent for the third consecutive month in July, the Commerce Department said today. That could signal a drab Job and production outlook for the remainder of 1977. The three straight declines In the
      UPI  -  65 words
    • 49 1 AFP LONDON, Tues. The Soviet Besta shipping line will raise its Europe-East Africa rates by 10 per cent on Nov. 1, it was announced here today. This is one of the routes where the Soviet companies are said by Western rivals to be practising "unfair" rates. AFP.
      AFP  -  49 words
    • 76 1 AP SEOUL, Tues. The United States and South Korea initialled today a 1978-82 textile agreement which restricts Korean export growth to no more than the current accord, due to expire next month. The new accord, the product of eight days of marathon talks here, will allow an annual
      AP  -  76 words
    • 77 1 AFP TOKYO, Tues. Japanese sugar refiners today proposed a 40 per cent cut in the price of Australian sugar exports in exchange for an extension of a current five-year contract by two years. The proposals, regarded here as an ultimatum, said that the 31 Japanese refiners will continue
      AFP  -  77 words
    • 67 1 Reuter TEHERAN, Tues. A spokesman for the National Iranian Oil Company (NIOC) said today China would buy 300,000 tonnes of Iranian crude In 1977 under a contract signed here earlier this month. The Chinese were also reported to be Interested in buying industrial goods, textiles, lorries, buses,
      Reuter  -  67 words
    • 63 1 UPI LONDON, Tues. Britain's air traffic snarled as badly as ever today as actions at the end of a formal strike threatened to make things still worse. London area air traffic control assistants ended their four-day strike at midnight and reported for work. They intended to continue
      UPI  -  63 words
    • 90 1 UPI NEW YORK, Tues. Stocks headed lower early today In the wake of a government report that the economy was slowing down and the Federal Reserve Board's decision to raise Its discount rate. Trading was moderate. The Dew Jones Industrial average was off 2.86 points to 861.23 shortly
      UPI  -  90 words
  • Chief Price Changes
    • 164 1 TRADING on the Stock Exchange of Singapore turned eacier yesterday, with marginal losses recorded scross a wide front. Reflecting the easier trend, the Business Times index fell 2.49 point* to 427.25 while the Straits Times Industrial average was off 0.47 point at 267.55. Rites Most active Chin
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    • 105 1 Most active Magnum Corp ocic 3.08 -.14 Sim TJm 873 ooo 8.90 -.10 Olympla Bwhatal A. Hitam 7.30 -.10 8.H. Chan 206,000 11.10 -.10 Bohon 1*7 000 UOBuk 3.22 M. Baaklag 3.M G. Caramica 1.73 P. Buk 2.56 PMC 2.91 8m Viaw 0.81 Rims Matauakita 2.M SHCfcaa
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  • 1069 1  -  IRONY OF RENT CONTROL ACT •y JOHN TAN A LAW enacted to prevent abuse is being persistently abused with the result that owners of pre-war property in Singapore are being heavily penalised. Because such properties are rent-controlled the owners are effectively subsidising the prime tenant
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  • 251 1 MANILA, Tues. Parliamentarians from Asean began wot* here today on a permanent framework for the establishment of an Asean Interparliamentary Organisation (AIO). Conference officials said delegates from Indonesia, the Philippines, Thailand, Singapore and Malaysia started discussions on a proposed statute providing for the creation of
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  • 757 1 WITH so much attention being paid to the Japanese and their quaint manakement techniques, It is all too easy to forget that there exists another Investor whose presence In Singapore Is bigger and far more pervasive than the Japanese. This Is the American
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  • 161 1 TOTAL CARGO throughput at the Port of Singapore Authority's (PBA) gateways fell by 7.8 per cent in June, according to the PSA monthly, Maritime Trade. In May, container cargoes handled by the PSA had Increased by 13 per cent but In June, they fell by 9.8
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  • 235 1 AFP WASHINGTON, Tues. The International monetary system Is safe from any Immediate threat due to developing countries' public sector debts abroad, the US Treasury and the Federal Reserve affirmed here. Anthony Solomon, Under-Secretary of the Treasury for Monetary Affairs, admitted that the financial podtlon
    AFP  -  235 words
  • 225 1 STOCKHOLM, Tuee. Swedish Central Bank governor Carl-Henrik Hordlander said there was a considerable inflow of capital into Sweden yesterday following the 10 per cent devaluation of the Swedish crown. But he declined to confirm press reports that the bank bought nearly US$24O million (SISBB
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  • 400 1 THE growth In International bank lending as measured by domestic and foreign currency bank claims decelerated sharply In the first quarter of this year, according to the latest international Monetary Fund's fortnightly publication, Survey. The IMF added that the slow pace of International bank
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  • 198 1 THE Minister for National Development and Communications and chairman of the Public Utilities Board (PUB), Mr. Llm Kim San, said yesterday that efficiency is a must in PUB to provide a reliable and continuous supply of utilities as cheaply as possible. Mr. Llm said this during
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  • Page 1 Advertisements
    • 40 1 With a Reputation for Unrivalled Security and Fair Dealing over 132 years, Our Clients can be Assured... Royal Insurance I Incorporated in nqland I looks after you. Fast 18th Fir., Ocean Building, Collyar Quay, S'pora 1. Tali ***** (10 linw) <%@_)<;$`:(>{^}~:!&;__~'^[!<"*_
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    • 158 1 Gas has got a i flame oew SEE PAGE 2 The desk that keeps your accounts up to date and you out there earning If you're in business, imagine: Your accounts always up to date. Your invoices calculated and completed. Statements prepared. The payrolls done. Ledgers controlled. Stock records kept.
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  • OVERSEAS
    • 188 2 UPI OTTAWA, Tues. Canada's gross national product fell 0.8 per cent in real output in the second quarter of 1977 and Statistics Canada warned yesterday that this third consecutive quarterly decline Indicates a recession. "It is too early to suggest that the economy
      UPI  -  188 words
    • 85 2 Reuter GENEVA, Tues. Bankers and businessmen should be brought Into government negotiations aimed at stabilising world commodity markets and prices, the secretary general of the International Chamber of Commerce said today. Mr. Carl-Henrlk Winqwlst told the 113-state executive board of the United Nations Conference on Trade
      Reuter  -  85 words
    • 436 2 WASHINGTON, Tues. The Federal Reserve Bank of New York yesterday authorised an Increase in the discount rate to 5.75 per cent from 5.25 per cent at seven district banks, not Including New York. The board said the Increase was primarily to bring the discount rate
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    • 147 2 WASHINGTON, Tues. The average effective yield on US Treasury bills rose to 5.574 per cent for threemonth bills and fell to 5.849 per cent for six-month bills at the latest weekly auction, the Treasury said. That compared with yields of 5.553 per cent for the
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    • 196 2 WASHINGTON, Tues. US House Banking Committee chairman Mr. Henry Reuss said the Federal Reserve Board engineered an excessive growth in the US money supply. In a statement, Mr. Reuss said the Federal Reserve, despite Its self-proclaimed role as chief inflation fighter, has been
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    • 83 2 Reuter FRANKFURT, Tues. The widest definition of West German money supply, M 3. rose around a provisional seasonally adjusted DM13.2 billion (BSI4 billion) in July to DM547.4 billion after June's DMI.4 billion rise and the downward revised DM2.4 billion Increase In July 1976, the Bundesbank said.
      Reuter  -  83 words
    • 579 2 Reuter LONDON, Tues. Even under the most favourable of assumptions, North Sea oil will only Uft the UK's long-term growth rate a maximum or a real one per cent annually, London stockbrokers Philips and Drew, say In their latest circular.
      Reuter  -  579 words
    • 537 2 UPI NAIROBI. Tues. The world's largest producers of coffee appealed yesterday for new International steps aimed at stabilising prices. At the opening session of a week-long meeting of the executive board of the International Coffee Organisation. Mexico said It has drafted plans for price stabilisation
      UPI  -  537 words
    • 185 2 AP UNITED NATIONS, Tuea. Secretary-General Kurt Waldhelm announced yesterday that he will ask the coming general assembly to approve a US$942 million (852.300 million) budget for the next two years, 20.1 per cent above the 1970-77 period. At the same time, a report by
      AP  -  185 words
    • 326 2 Reuter OSLO, Tmi. Norway and Sweden disagreed on devaluation of the two Nordic currencies, Norwegian Finance Minister Per Kleppe said. Speaking at a press conference, Mr. Kleppe said Sweden's non-socialist government had entered upon a dangerous course by its decision to devalue
      Reuter  -  326 words
    • 441 2 Reuter BONN, Tues. The Joint European currency float, now further shrunk by Sweden's exit, Is still viewed by West Germany as a significant contribution to political and economic unity, government sources said here. Bonn's faith In the socalled Snake, In which
      Reuter  -  441 words
    • 54 2 AFP ANKARA. Tues. Turkey will sell Iraq goods worth US$2O million (Ss4s million), Including 100,000 tonnes of wheat, It was announced here yesterday. Word of the Impending sale came from Kamran Inan, Turkish Minister of Energy and Natural Resources who Just returned to Ankara from an
      AFP  -  54 words
  • Page 2 Advertisements
    • 186 2 The Biggest Difference Is In The Bill All the good things you expect await you at the Tradewinds Manila. A large-sized swimming pool, matching sundeck and nearby sauna. A Cantonese restaurant, the Golden Dragon, that's considered outstanding in a city that knows good food. A kind of courteous service that
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  • Page 2 Miscellaneous
    • 18 2 BriStoW: ftsuaJc Dicfcens the. Fißon's CHP»RmP»N_Ti4e Fern's feU&OUS CRANK -the SfeMGtR %ssr*&2zr« Dei2ui€MT-TME fißm's wsc&fwsr ■v NO W"'"
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    • 910 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on Aug 30 at Singapore airport. Maximum Temperature Associated Humidity Minimum Temperature Associated Humidity Hours of Sunshine Rainfall in Millimetres Total Rainfall for the Month Total Rainy Days for the Month RADIO SINGAPORE 5 3.00 PM Opening announcements followed
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  • Page 3 Advertisements
    • 581 3 Pa tmi JJU iI r 4 trI I I WE HAVE A WAY WITH HOTELS We started 12 yeers ego with on# hotel with 247 rooms. Today, tha Martin chain in Malaysia consists of six hotals with a total of 1.H2 rooms. That kind of expansion specks for itself. It
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  • COMPANY NEWS
    • 291 4 PAHANG CONSOLIDATED Company Is to hold an Extraordinary General Meeting at the Merlin Hotel, Kuala Lumpur on Sept. 12 to seek shareholders' approval for the company's proposed sale of Its remaining stake In Plantation Holdings (PH). Earlier this month, Pahang Consolidated announced that
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    • COMPANY MEETINGS
    • Latest results
      • 96 4 Group pre-tax profit M 512.71 million ($14.58 million) for the year ended June 30, 1077. Turnover $218.22 million ($211.85 million). Grouo net attributable profit $7.03 million ($8.78 million) after tax of $5.82 million ($7.72 million) and minority Interest }f $53,000 ($100,000). Parent company net profit
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    • 321 4 Current Ex Date Total for Toul for payment Date payable the sear previous year Fan Electric 20% July 26 Aug 31 20% Malayan Cement 10%I July 28 Aug 31 10%I 22.5% Se tang or Dredging 15% Aug 12 Sept 6 50% 40% Berjaya Kawat 5%TE Aug 16 Sept
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    • 1341 4 ISLAND and Peninsular Development expects the strong recovery exhibited in the year just past to continue Into the current year ending March, 1078. In fact, the chairman, Datuk YeapHock Hoe says in the 1078/77 annual report that group pre-tax earnings for the current
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    • 473 4 TALAM MINES is seeking fresh fields of activity and Investment In view of the Imminent cessation of Its mining operations. Revealing this In the latest annual report, the chairman, Mr. W.J. Huntsman, says mining operations at Talam's number one mine will cease during
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    • 1438 4 On Aug 30 TRADING on the Chicago Board Options Exchange came to 72,494 contracts on Monday compared with 82,026 contracts last Friday. OPTION OCT JAN APL 8TOCK Alcoa 45 3 1/4 4 1/4 4 7/1 47 1/4 Alcoa SO 13/16 1 3/4 2 13/16 47 1/4 Alcoa
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    • 1028 4 NYT NEW YORK. Tues. The Investment managers at the Marine Midland Bank, whose pension and trust funds are performing better than most, have become progressively bearish on both stocks and bonds. The bank started out the year by keeping all of the new
      NYT  -  1,028 words
    • 108 4 Reuter FRANKFURT, Tues. Bond market sources said they expect a total of 800 to 900 million marks of Eurobonds and private placements to be raised here In September compared with 800 million In August. The central capital market committee's foreign mark loan subcommittee has provisionally set next
      Reuter  -  108 words
    • 1071 4 NYT NEW YORK, Tues. The Securities and Exchange Commission report on New York City's financial dealings has set off a debate between the commission and city officials over who Is telling the truth about what occurred In late 1974 and early 1075,
      NYT  -  1,071 words
  • Page 4 Advertisements
    • 246 4 THE ASIAN WALL STREET JOURNAL. In the fast paced competitive world of business, timely information can often mean the difference between success and failure. That's precisely why thousands of Executives have come to rely on THE ASIAN WALL STREET JOURNAL. These men know and appreciate the concise, comprehensive way the
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    • 3 4 See page 5
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  • 302 5 EUROPEAN COMPANIES Reuter LEVERKUBEN, Tues. Bayer, the European chemical giant, has suffered a worldwide group Etax reverse In the first of 1877. Profits have fallen from 651 million marks last time to 624 million marks. The parent company's earnings are also lower at 434 million marks compared
    Reuter  -  302 words
  • 87 5 Reuter WOLFSBURO, Tues. Volkswagenwerk said It signed an agreement with Maschlnenfabrlk Augsbug Nuernberg (MAN) to develop and manufacture 6 to 9 tonne trucks. The trucks expected on the market at 1878 end will be assembled at VW's Hanover factory and MAN'S in Salsgltter. The agreement
    Reuter  -  87 words
  • 110 5 Reuter WASHINGTON, Tues. The US Department of Transportation said It Is Initiating two safety Investigations involving cars made by British Leyland Co. between 1009 and 1977. The agency said the first investigation concerns windshield wiper malfunction between 1969 until end--1977 on Triumph Spitfire, TR-8, TR-7 and
    Reuter  -  110 words
  • 236 5 LONDON, Tues Touche Ross the City accountants, has taken over the main receivership of Bond Worth Holdings and three of the subsidiaries from Peat Marwick Mitchell, another City accounting firm. Several partners In Peat Marwlck were appointed receivers to Bond Worth Holding and Its operating subsidiaries
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  • 34 5 Reuter DUESSELDORF, Tues. The 60 million mark convertible bond planned by Jujo Paper of Tokyo will probably be for 10 years at 5.75 percent, lead manager Westdeutsche Landeabank Glrocentrale said.
    Reuter  -  34 words
  • 159 5 NORTH AMERICAN COMPANIES AP MILAN, (Michigan), Tues. Ford Motor yesterday said It will build two additions to Its plastics plant, where one expansion Is already under way. The plant and first addition are scheduled to be finished next spring. The two new additions will be done
    AP  -  159 words
  • 134 5 Reuters JOHANNESBURG, Tues. The fire at Kloof Gold Mining is still seriously affecting production after an unsuccessful attempt over the weekend to extinguish it, a spokesman He said the area has now been sealed off, and the fire will be left to burn Itself out. The
    Reuters  -  134 words
  • 49 5 Reuter ZURICH, Tues. Bwedlsh power station company, Forsmark Kraftgrupp, will float a 100 million franc 5 per cent 15-year bond issue on the Swiss market from Sept 7 to 13, Credit Suisse said. The loan Is guaranteed by Sweden and the issue price will be fixed later.
    Reuter  -  49 words
  • 27 5 Reuter DUEBBELDORF, Tues. The 150 million mark 7 per cent seven-year Eurobond for Petroleos Mexicanos was priced at par, lead managr Westdeutsche Landesbank Glrocentrale said.
    Reuter  -  27 words
  • 775 5 NYT NEW YORK, Tues. It Is a problem faced by thousands of Investors who have losses in shares of companies that are no longer traded. In some cases, the companies in question are bankrupt. In others, there may be substantial assets but, for one
    NYT  -  775 words
  • 321 5 Reuter NEW YORK, Tues. Citibank denied charges it engaged In dumping New York City securities, while at the same time continuing to sell city securities to the public. "Figures published In the SEC report show that holding of city securities in its trading account Increased
    Reuter  -  321 words
  • 149 5 Reuter BARTLESVILLE, (Oklahoma), Tues. Phillips Petroleum Co. plans to Increase the total capacity of Its Sweeney, Texas, refinery to about 190,000 barrels of oil per day from 104,000. The company said Improvements will also allow the refinery to process up to 150,000 barrels of sulphur crude
    Reuter  -  149 words
  • 98 5 Reuter DETROIT, Tues. General Motors officials say they hope to be able to reopen In the next couple of days assembly plants In Michigan ana Delaware, which have been closed by a strike at a parts plant In Anderson Indiana. The walkout Idled about
    Reuter  -  98 words
  • 55 5 Reuter BURBANK: Tues. Lockheed Aircraft Corp. said It wants to drop the word aircraft from Its name because It occasionally causes confusion for Its other dealings. The company, Involved In numerous non-avlatlon business, said It will ask shareholders at the Bept 29 annual meeting to approve the name
    Reuter  -  55 words
  • 46 5 Reuter MINNEAPOLIS, Tues. Honeywell Inc. has no comment on a report In Electronic News that It Is the unnamed firm planning to buy Slllconlx Inc. shares at US$lO each, a company spokesman said. Slllconlx earlier said It would neither confirm nor deny the report. Reuter.
    Reuter  -  46 words
  • 157 5 ASIAN COMPANIES UPI SYDNEY, Tues. Oil has been found In the Pedlrka basin, a remote area of South Australia about 981 kms north of Adelaide, a spokesman for one of the American partners In the strike. Delhi International, said yesterday. "The Poolowanna No. 1 exploration well
    UPI  -  157 words
  • 185 5 Reuter TOKYO, Tues. C. Itoh said its wholly-owned Hongkong subsidiary C Itoh (Hongkong) will make a US$l5 million issue in the Asian dollar market later this year. The bond will be Issued through public offering by an underwriting syndicate led by Dalwa Securities It said.
    Reuter  -  185 words
  • 218 5 AFP Reuter TOKYO, Tues. Toyota Motor Co. has become the first Japanese firm to register an annual net profit of more than 100 billion yen It was reported today. Japan's top automaker netted 116 billion yen on sales of 2,290 billion yen In the
    AFP; Reuter  -  218 words
  • Page 5 Advertisements
    • 249 5 Which bank works for you around the clock, and around the world \\V Jo. Kink ot \meriea. I odav. when world-vvide nii>nc\ markets and exchange rales rapidlv. the abilitv to make <>11 -1 he-spt decisions ijuicklv is nit >re iial than e\er. I hat sw In our internal ion all
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  • 2370 6 1977 Hick Lew c-_ Last Sals Cfs Dtr e"w Gr*s C Nat P/E Val (*888) Day High Law SECTION ONE INDUSTRIALS 154 204 116 230 88* 198* 169 223 406 171 136 172 58 212 57* 156 152 182 350 145 Acma Alcorn Allied Choc Bata Ben Boustead Bousteadco CfcC
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  • 1282 6 BID and oTftr price* (flttb IkM and biMtoMi in and npMd to tha Stock of BlnMpar* yMtarday with the numbwofZar*traded ahowri In bracket* in lot* of 1000 untt nnl— oUiarwtM aactfled. aD Tina Settlement Contract* an quoted after um word "Salt." He Board dealt (tn lou of
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  • 1588 6 BID and offer price* officially hated and business In and reported to the Kuala Lumpur Stock Exchange yesterdav with Um number of iharee traded ahovn In bracket* In tot* of 1,000 units unliu otherwise specified INDUSTRIALS AjWeists (2.00B). A teem (1808 I.SSS). A. CAM <1 108 1
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  • 55 6 STUUNG friaaa af tha (tack ipttiai officially Uatad m tka Stack Excbakga aTSlagapara. tfca par Ma. W aaa afhr prtoaa and bnaiaaaa daaa jtmtmiay, with tha auabar at optioa* traiad ikowi la hraefcato. u O B (Dec 83.20) (0.228) (March $3.20) (0.208 0.265) (5) 0.25, (2) 0.20 U
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  • 143 6 SINGAPORE UNIT TRUST INCOME BOND UNIT |Miu|n' fries far Aa( SI) (Cumat rieaa) 1.13 INCOME BOND 1.07 The Commerce 1.75 1.86 MARA BUMIPUTRA FUND The Saving Fun J 103 1.09 (Mabb|wi' priois far Aug 11) 2.22 2.27 8' port Prog Fund 0.88 083 First Bumlputra 8'pore Security Fund
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  • 169 6 B O T 8 1/2% 1981 (IM.OM) (103*B 103*8) (1) 103* (1) 103* B O T 7 5/8% 1984 (IM.OM) S99*B 99*8) (1) 99* I O T 7 8/8% 1984 (250,0M)(1) 99* LTCBJ 1982 (IM,OM)(M*B 998) Cradit Lyoanaia Floating 1988 i 100,000) (M*B 98*8) I B 8 Caavarta
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  • 97 6 R*p Spore D Mark 7* IS«2 1100,000) (101 KB 10KC) t«f Spora 8 1/2% 1883 (100.000) (1008 100H8) Bep Spor* 7 3/4* 1887 (100,000) (100 SB 101 MS) 8 1/2* 1/12/77 (250,000) (100.50B) 8* T V 1/1/1$ (250.000) (101.SOB 101.068) 5 1/2% 1/4/78 (250,000) (101.068 101.218) 8 1/4*
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  • 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
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  • 629 7 MARGINAL losses were recorded across a wide front la low volume trading on the Stock Exchange of Singapore yesterday. Operators were generally withdrawn while profittakers made their appearance intermittently. Freeh support was seriously lacking and this was particularly evident in Section Two where turnovers were much reduced. The
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  • 356 7 PRICES retreated on a broad front In light selling activity on the Kuala Lumpur Stock Exchange yesterday. With the stock exchange closed tomorrow for the Malaysian National Day celebrations, market operators generally remained at the sidelines. On the whole, the closing tone of the market was decidedly
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  • INTERNATIONAL STOCK MARKETS
    • 352 7 HONOKONO: The market cloeed slightly firmer after a firm opening. In moderately active trading, dealers said on Tuesday. The Hang Seng Index rose 2.30 points to 450.22. Hongkong Bank and Swire Pacific rose 10 cents each to 918.00 and 96.50 respectively, Heagksag Land five cents to 96. Off, while
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    • 516 7 TOKYO: Share prices rose on selective buying In autos and speculative!, dealers said on Tuesday. The Dow Jones Average rose 8.75 to a year's high of 5,242.93 with volume 500 million shares. The New Index closed at 387.78, up 1.22 Autos led the gains following Toyota's record earnings announcement.
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    • 422 7 SYDNEY: Selective oil, gold and industrials were active In otherwise quiet and mixed trading, dealer* said on Tuesday. The Sydney All-Ordinaries rose 1.33 points 425.34. After an oil strike In the Pedlrka Basin of South Australia, Santos rose 53 cents to $2.33, Vaiagas eight cents to 40 and Wcm
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    • 150 7 MANILA: The market closed mixed with commercials and oil rising modestly while minings dropped, dealers said on Tues"furnover rose slightly to 5.99 million pesoe from Monday's 5.34 million. Atlas lost three points while PUkx and Marinduqu* were down two points each. Other mining issues and minimal losses on lower
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    • 98 7 AUG SO Bahts Asia Fibre 1S7 ♦4 Bangkok Bank 401 uneh Bangkok Invest an unch Bangkok-Metro-politan Bank 71SB unch Bertl Jucker Ml unch Charoong Thai Wire ISO unch Dumex Duslt Thanl Faber Merlin First Trust 1MB •1 Indo-Thal Industrial Finance Oorp 1J1S8 -10 J And J Ho Ttl -2
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    • 264 7 AMSTERDAM: Bhares closed generally lower on Monday. Royal Dutch again led declines in Dutch Internationals and lost 2.20 guilders, while Unilever closed unchanged. Elsewhere lower shares Included Nedlloyd, Gisthrocndes and Ennia. Banks, KNSM and Van Oasnssrsn firmed. State loans were steady. AUG Fl» Ahold 9180 ♦5.3 Akzo 28 50
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    • 165 7 BRUSSELS: The market was mixed In quiet trading on Monday, with only narrow price movement*, dealers mid. Local Issues to rise Included Societe Generals, Gavaert, Finoutrmar, CBR and Ualaa Miniere. Aoac recovered from a sharp fall on Friday. UCB, Bidro, FN and Clabao* feu. UK and U8 issues rose,
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    • 301 7 FRANKFURT: Shares fell in very quiet trading on a lack of ordsrs on Monday, partly set off by uncertainty resulting from the weekend European joint Moat devaluations, dsalers said. Klectrlcals, engineerings, autos and steels were all lower, with BBC down 3.80 marks, Man Ordinary 4.50, VW 3.60 and Msnnsssisnn
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    • 174 7 MILAN: Stocks closed sharply higher in very active trading on Monday. The flat rate tax reduction to 30 per cent from 50 per cent and the bank rate cut to 11.50 from 13 per cent decided last Friday by the Cabinet meeting played an active role In stimulating general
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    • 341 7 PARIS: The market was irregular with news on Monday of the 0.9 per cent retail price rise In July making no apparent Impact on trading, dealers said. Quotation of Navigart— Mixta is expected to be resumed, following the Finance Ministry's refusal to allow the latest Dalmaa-Vialjevx bid for the
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    • 288 7 ZURICH: The market closed irregularly lower In moderate turnover, lacking new Incentives on Monday, dealers said. Swissair bearer continued slightly higher on Its half yearly results but Its registered stock was barely changed. Major banks ruled narrowly mixed. Among flnanclals Bally bearer rose while Its registered shares lost ground.
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    • 394 7 JOHANNESBURG: Gold shares were basically steady In an kite market on Monday, with the absence of UK Interest due to a holiday creating a negative Influence on demand, dealers said. Among heavyweights, gains of up to 25 cents were seen, while middle and lightweights firmed up to 10 cents.
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    • 295 7 Reuter TORONTO: The market strengthened In the last hour of trading on Monday after a listless session, with the composite Index closing 1.5 points higher. Advance led declines 194 to 155. Premier Cabtovts*— rose 1 3/4 to 11. Canadian Cableaystems has raised Its bid for premier stock to *12
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    • 1104 7 NEW YORK: Blue chips, building on Friday's firmness, won back more lost ground In a steady advance on Monday that set the stage tor a broad-based technical rally an the New York Stock Exchange. But the advance lacked conviction, with trading volume falling ahort of 19 million sham,
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    • 62 7 FINANCIAL TIMES INDUSTRIALS Monday closed Friday 444 5 Week Ago 485.6 DOW JONES AVERAGE INDUSTRIALS Monday 864.00 Friday 855.42 Week Ago 867.2® LONDON DOLLAR PREMIUM Monday closed Friday 85 W to 86 H.K. HANG SENG Monday closed Friday 427.83 Week Ago 421,03 SYDNEY INDUSTRIALS Monday 356 68 FTMay 357.23
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  • Page 7 Advertisements
    • 474 7 BUSINESS TIMES Airline Directory Aeroflot Soviet Airline* 110-112 Show Centra, Orchard Road, Singopora 9 (T*l: 377.111) Air Ceylon 302-8, 3rd Floor, Marino House Shonton Way, Singapore (1) (Tol: *****68) Air Franc* Ground. Floor, ICS Building, Shonton Way Singapore 1 (Tel: *****11) 16th Floor, UIC Building, Shonton Way, Singapore 1 (Tel:
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  • COMMODITY REPORTS AND PRICES
    • 427 8 THE Singapore rubber market yesterday, opened 0.25 cent higher and then hardened a further cent on speculative buying and upcountry short-covering ahead of the holiday In Malaysia. In physicals, some business was transacted for the Soviet Union of September RSS One at a halfcent discount to
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    • 395 8 H A S. prices In cents per kilo yesterday: Noon ClOM (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.SS prompt f.o.b 201 00 202.00N 202.00 203.00N Int. 1 R S.S Sept 202 50 203 00 203.50 204.00 Int 1 R.S S. Oct 204 75 205
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    • 128 8 NOON SSRand SMR prices yesterday. K-A.S. September (Current Mtta) Oc (Forn tober) •rd Mth) Buyeri Seller* Buyer* Seller* (cents par kg) (cent* per k() SSR20 (1 -ton Pallet) 196.00 198 00N 198 00 198 OON SSR SO 11 -ton Pallet) 193 50 195.50N 193 50 196.90N M.K.E.L.B.
      128 words
    • 30 8 Rubber: August 30 Singapore: September 203.50 conta (up 2.28 cents.) Malaysia: September 204.50 cents (up 1.75 cents) Tin: 11.M5 (up $40) Official offering: 230 tonnes (up 11 tonnes)
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    • 192 8 BANGKOK, Tues. Indicative prices quoted here today were unchanged from yesterday. (U8 dollars per tonne, fob bull Bangkok) White Bin: 100 pet lat claaa 908.100 10 pet 253, 15 pet 250, 20 pet 247, 25 pet 238. 39 pet unq. broken: A-l Super 181 A-l Spel 180, C-l Spel
      192 words
    • 399 8 THE Singapore produce market yesterday continued to rule quiet and featureless in the absence of big foreign buying Interest. Prices were at best steady. With a bigger Indonesian crop currently on tap and the expectation of a better harvest from Brasll, pepper dealers were generally disinclined to commit
      399 words
    • 462 8 LONDON, Tues. Coffee opened steady in the momins, but £85 to £56 lower on volume of only 334 lots. Only about £20 separated the high from the low in any position. Sep stood at £2,862. Prices dipped in sympathy with yesterday's New York decline, dealers said. A small amount
      462 words
    • 179 8 LONDON, Tues. Terminal in the morning opened £16 to £8 down in sales of 415 lots. However, initial selling met some trade buying Interest and the December position after trading £33 lower at £2,355 recovered to £2,372 by the end of the call. Cocoa futures held steady In late
      179 words
    • 187 8 THE Btraits Un price In Penang yesterday was up M 640 to f1.666 per plcul on an official offering up 11 tonnes to 230 tonnes. In LONDON yesterday, On gained £25 for cash and £15 for Three Months standard metal. High grade was about £92 and £45 up respectively.
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    • 357 8 LONDON, Tues. Terminal In the morning opened £0.50 to £1.10 per tonne down from Friday afternoon closing levels. Sales totalled 272 lots. Market sources said prices were marked down initially In line with yesterday's small New York losses. However, trade supKrt held prices steady with ic trading from £115.85
      357 words
    • 297 8 HONGKONG, Tuea. The market cloaed firmer and ended at the day's hlgha, on commlsalon house ahortcoverlng following the overnight rise In New York, dealers aald. Trading waa more active towards the cloae on commission house new buying in anticipation of an upswing In cotton prices, they Final gains
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    • 137 8 CHICAGO, Tues. Soybean futures yesterday posted losses of seven to 4 1/2 cents a bushel at the close. Prices shoved some early firmness on commercial and professional buying and gains of around four cents were posted but there was a lack of upside followthrough. Commercial selling weakened the market
      137 words
    • 114 8 CHICAQO, Tues. Wheat futures yesterday closed with fractional losses after fluctuating to either side of the previous close In a twocent range. Commercial buying was an early supporting Influence and the scheduled wheat set-aside announcement limited selling ideas. Prtcss slipped back, bowCsr, as commercial ssOtnc ter lead to downward
      114 words
    • 261 8 LONDON. Tues. Copper fell mostly £3.50 for both wlrebars and cathodes In the morning. Dealers said the modestly lower levels reflected the trend In U8 futures on Friday and yesterday. However, the market ruled steady as some trade selling was well absorbed. Last week's stocks Increase of 2.600 tonnes
      261 words
    • 179 8 LONDON, Tues. Sliver was 0.8 pence per troy ounce up for cash and 1.3 pence higher for Three Months In the morning. Dealers attributed the gains mainly to higher gold this morning. Trading Interest, however, was low and ring turnover of 44 lots resulted entirely from carries. The further
      179 words
    • 291 8 THE kllobar In the SlngaBore8 ore market opened at 111,567. The market was very steady before lunch at the $11,560 level, later easing off to close at $11,547. Trading was quiet. In the London market, the metal opened at US$ 145.65/85 and closed at U*****.45/65. The London morning fix
      291 words
    • 68 8 LONDON, Tues. Zinc was £3.75 lower for cash and £3 down for Three Months In the morning. Market sources said although prices reacted slightly from Friday's very steady levels, offerings were well-absorbed, possibly reflecting a further modest outflow of metal from warehouse stocks last week. Three Months traded at
      68 words
    • 86 8 LONDON, Tues. Lead was £3.25 down for cash and £3 lower for Three Months In the morning. Dealers said lead prices generally followed the trend of copper with steady premarket levels shading slightly In the ring, although some scale-down buying was evident. Three Months traded from a pre-market high
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    • MONEY AND EXCHANGES
      • 554 8 THE US dollar continued to strengthen again yesterday in an apparent continuation of the realignment of currencies following the devaluation of the Swedish unit. The American unit strengthened against the West Oerman mark and the yen, but declined marginally against sterling to produce a generally mixed day of trading.
        554 words
      • 46 8 ACBC AkMMM Btik Citibank .7 m BkMkok Bank 7 H8RT (U Bank ot America ndoaim |u Bank of China 7 Bank of Tokyo Mitaiii Bank Bank Nacara OCBC M Indonesia 7 OUB Chartered Bank 6 l UCB 7 CH L'MBC 7 DBS UOB
        46 words
      • 165 8 Asian rate? ASIAN currency deposit interbank ratee u at close on Au« 90 US Delia Offcr ■VT' 7day» 1/1* ivia Imth via a l/ia I mttu a 1/4 a i/> 9 mttu a 7/ia a via mttu .a u/ia a via imttu .a v« a v* IS mttu .a lvia
        165 words
      • 43 8 RANGE of prices offend by discount houses on Aug SO. Overnight Ml to 3 MM Call deposit 2** to 9* M Qm 11/11 4 VI 4 3/4 S IS/14 4 1/4 4 5/1 S 1/16 4 15/16 Source: National Discount Co Ltd
        43 words
      • 117 8 Euro rates LONDON, Tues. Eurodollar deposits held steady In moderate trading, dealers said. The Increase In US discount rate by seven fed banks was expected and had no significant effect on Eurodollar deposit rates. Among shortdates, overnight eased slightly while others held steady. Thurs/Frl was disproportionately high at 23* 22%
        117 words
      • 33 8 FRANKrURT exchanges opening quotes on Aug 30. US 2.3M6/80 Can S. 1470/90 UK 4.066/000 Neth 94.54/64 Swltz 96.85/95 Italy 2.836/44 France 47.21/38 Norw 42.60/70 Belg com 6.493/503 Belg fin 6.498/508 Japan 0.8703/13
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      • 304 8 NEW YORK, Tues. The dollar yesterday closed at its highest trade weighted level for two weeks after operators suddenly moved funds out of Swiss francs Into dollars, dealers said. The move followed rumours that the Swiss National Bank was about to further restrict forward Swiss franc sales to
        304 words
      • 166 8 LONDON, Tues. Scandinavian currencies weakened In line with weekend devaluations in relatively quiet opening trading dealers said. The Swedish crown moved sharply lower to 4.8480/ 8510 to the dollar from 4.4020/50 on Friday, the Norwegian currency to 5.4605/25 and 5.2950/80 and the Danish crown to 6.1835/50 from 6.0230/60 at
        166 words
      • 120 8 HONGKONG, Tues. The US dollar rose In (airly active trading to 2.3250/60 marks from Its 2.3226 New York mid-point close and Its 2.3235/45 opening, dealers said. In the morning US and European banks sold some dollars while In the afternoon Singapore banks bought dollars, they said. The US unit
        120 words
      • 47 8 AUBTRALIA/NZ exchanges quoted on Aug 30. Australia: Sterling 0.9386/0.6312 US dollar 1.1064/1.1036 Ninety-day air mall buying rates: Sterling 0.6545 US dollars 1.1337 Ninety-day forward buying rates: Sterlliw 0.6346 U8 dollars 1.0082 New Zealand: BterUna 0.5574/0.5543 U8 dollar 0.9755/0.9655 Ninety-day forward rate: Sterling 0.5707 US dollar 0.9971.
        47 words
      • 41 8 ZURICH exchanges closing quotes on Aug 29 US 2.4010-4040 UK 4.1800-1865 Can 2.2305-2360 W Oer 103.15-36 Neth 97.81-96.00 Prance 48.85-48.93 Belg 6.72-74 Denm 38.91-98 Norw 43.93-44.01 Bwed 49.43-52 Italy 0.2720-2726 Austria 14.52-56 Port una Spain 2.83*-84K Arg 0.90-60 Japan 0.89*-90*
        41 words
      • 71 8 TOKYO, Tues. The US dollar for overnight dellvery closed at 267.30 yen up from a 267.20 opening and 266.65 at yesterday's close. After an initial rise following an Increase In the US discount rate by seven district banks, the dollar remained firm as traders Increased forward dollar buying to
        71 words
      • 310 8 LONDON, Tues. Straight U8 Eurobonds were up to 1/4 point firmer where changed In moderately active trading, reflecting hopes of steady to declining US interest rates and some stock shortage, dealers said. StraifhU BM Odv Austria 8V, 90 101% 102* Bell Canada 8* M 104* IOC* BFCE8*83 102* 103
        310 words
  • Page 8 Advertisements
    • 166 8 MONTHLY ECONOMIC REPORTS With monthly politico! supplement for UP-TO-DATE HANDY REFERENCE ASIA RESEARCH IRUETIII This unique publication offers businessmen each month a comprehensive guide Do the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is divided
      166 words

  • TRANSPORT AND COMMUNICATIONS
    • 311 9 Reuter LONDON, Tues. Air travellers planning to take off from British airports may face delays of up to 24 hours because of air traffic control disputes in Britain and on the continent. The Civil Aviation Authority said yesterday the lucky ones were getting
      Reuter  -  311 words
    • 170 9 AFP TOKYO, Tues. The Japanese National Railways suffered a huge 914.100 million yen (558,260 million) loss In 1976 despite a 50 per cent fare hike In November last year. The audit committee of the JNR, In announcing the 1976 financial report today, advised the ailing national
      AFP  -  170 words
    • 104 9 Reuter CANBERRA, Tues. Australia's International airline Qantas announced here yesterday that weekly flights to South Africa would not resume at least until Oct 6 because of an industrial dispute. An airline spokesman said the next five flights to Johannesburg had been cancelled because
      Reuter  -  104 words
    • 95 9 Reuter PEKING. Tues. China has developed a light short takefoff and landing (STOL) plane for use mainly in agricultural and forestry work, the People's Dally reported yesterday. The plane, designed for very low flying, could also be used as a short-distance transport, ambulance plane or training aircraft
      Reuter  -  95 words
    • 862 9  -  By PIERRE BRISARD AFP EVERY second three brandnew cars leave the production lines In Toyota City, capital of the Japanese car Industry. Not far from Nagoya, this town has 200,000 inhabitants and most of them were, are or will be Toyota employees. About 80 per
      AFP  -  862 words
    • 720 9 SINGAPORE shipyards and repairers had a relatively successful year in 1976 but the good times are now over, according to the latest Issue of Insight, a Hongkong publication. It said by the end of this year Singapore will have produced its last offshore oil rig
      720 words
    • Article, Illustration
      309 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barcelona Maru (JLBB) (after Strathalvle) 8/9 Centaur (1330 after Vishva Abha) 42/43 Lltlja (after Ovanes Tu many an) 1/2 Perak (0600) 21 East Potol Island (1600 subect free board after Y. Joh o. 1) 10 Prlmera Peak (0000 after Sea Discoverer) 46 Stolt
      309 words
    • 133 9 Reuter DUESSELDORF, Tues. A costly new fleet of supertankers will be needed to cope with the world's growing demands for natural gas, according to speakers at an International conference which opened yesterday. They said It was cheaper and safer to transport gas which
      Reuter  -  133 words
    • 648 9 THE South-east Asian freight market, reflecting the general level of activity elsewhere, continued to be duH, with few really outstanding features. Worldwide, the dry cargo market provided only one Interesting feature In July this was Chinese charterins activity to accomodate shipments of wheat and sugar. But since
      648 words
    • 590 9 ARRIVALS DEPARTURES tevft Operator Noah se L* m Tfc Ml Service Local Operator Number Time For TMA TL304B MAS MH682 PAN PA847 CPA CX710 OIA QA980 THAI TG423 SIA SQ211 THAI TG981 OIA OA944 OIA GA906 PAL PR501 RBA BI325 SIA SQ240 MAS MH684 SIA SQ201 OIA
      590 words
    • 608 9 NYT WASHINGTON, Tues. Legislation to reduce government regulation of airlines has been caught In a crossfire of lobbying, and congressional action appears unlikely before spring, Its supporters say. A senate bill may clear the Commerce Committee next month and then has a good
      NYT  -  608 words
  • Page 9 Advertisements
    • 123 9 PACIFIC CRVISE vm on QUEEN ELIZABETH 2 After two highly successful world cruises, Cuxtard's QE2 returns early next yeer to give you the most fascine ting I voyage around the Great Pacific. You can take the complete cruise from New York, through the Caribbean, to Los Angeles, down to the
      123 words

  • 2067 10  -  GRUNWICK DISPUTE By CHRISTIAN TYLER FT p "IN OUR Judgment, good industrial relations depend upon a willingness to cooperate and compromise. The law favours collective bargaining and encourages the use by workers of Independent trade unions for the purpose. "The policy of the law
    FT  -  2,067 words
  • 836 10  -  In the United States one in every three acres of cultivated land ii growing crop* for export, and one in every six jobe depend* on exports. That sort of point will figure prominently in hard bargaining by the developing countries in the
    FT  -  836 words
  • 634 10  -  JAPANESE FORMULA REJECTED By PAUL MAJENDIE Reuter TAIPEH: Even the cigarette packets carry a government warning to the people of Taiwan: "Stay cum In the face of adversity." On his nightly television show, a smiling Fan Yuanyen, the Chinese air force squadron leader
    Reuter  -  634 words
  • 1163 10  -  By PAUL CHUTKOW AP NEW DELHI: Indian investigators, following the time-tested sleuthing technique of "follow the money," are unravelling what they allege Is an Intricate pattern of embezzlement, fraud, extortion and abuse of authority by the Inner circle of former Prime Minister Indira Gandhi. Over the past
    AP  -  1,163 words
  • Page 10 Advertisements
    • 123 10 XDU ACE INVITED to the First International Exhibition of Business Equipment Services in Southeast Asia ASIAN BUSINESS EXPO September 7,8,9,10,1977 Hyatt Singapore Hotel Convention Centre J V I »V* .V' "-V- u 4* u» it*i: 4 j, asi |lf% 4;. S* *M «!-V v :-W* ~V i A.; ft *4.
      123 words

  • 362 11 Reuter AFP TOKYO, Tues. Japan's embarrassingly high visible trade surplus reached a record U892.05 billion (595.03 billion) In July as exports rose by 23 per cent over the same month last year, the Finance Ministry said today. The revised figure showed a massive increase
    Reuter; AFP  -  362 words
  • 69 11 Reuter TOKYO, Tues. A sixman Japanese team left here for Kuala Lumpur to make a one-month survey of Malaysia's plan to lay a 600-km undersea cable between the Peninsula and Sarawak. Japan's Kokusal Den- shin Denwa Co (KDD) said the project to lay the cable between Kuantan
    Reuter  -  69 words
  • 107 11 UPI TOKYO, Tues. Overall individual savings In the April-June period grew by 6.99 trillion yen (8164.1 billion), up 16 per cent from the same quarter of 1976, according to preliminary figures released by the Bank of Japan today. This compared with a 5.5 per cent year-to-year
    UPI  -  107 words
  • 80 11 Reuter TOKYO, Tues. Bank of Japan officials ruled out a cut In the reserve requirement ratios for commercial banks' deposits at present. They were commenting on a Nihon Kelzal report that the central bank Is considering reducing the ratios simultaneously with a cut in Its
    Reuter  -  80 words
  • 80 11 NEW DELHI, Tues. The state-run Engineering Export Promotion Council has decided to raise the level of exports to South-east Asian countries to 2,000 million rupees (***** million) by 1980-81. v The present level Is 700 million rupees. Dr. R.K. Singh, director of the
    80 words
  • 162 11 AFP TOKYO, Tues. Japanese colour television set makers will most likely be forced to cut back their production because of increasing stockpiles. The Japan Electronic Machinery Industry Association said today that colour TV stockpiles at the end of last month totalled 1,143,000 sets, an
    AFP  -  162 words
  • 150 11 Reuter TOKYO, Tues. Construction orders received by 43 Japanese firms rose an adJusted 1.7 per cent in July to a preliminary 545. billion yen (595 billion) from a downwards revised 535 billion in June, the Construction Ministry said. July orders rose 10.9 per cent from the
    Reuter  -  150 words
  • 128 11 Reuter TOKYO, Tues. A 70member Ontario government mission will visit Japan next month to seek increased Japanese Investment in Canada, the Ministry of International Trade and Industry said today. The team, led by provincial Premier William Davis, will include Industry and Trade Minister Ciaude Bennett and
    Reuter  -  128 words
  • 158 11 PUBLIC sector planning with the aid of computers was discussed yesterday at a presentation by Dr. B. wagle from the Scientific Centre, IBM United Kingdom Ltd. At the meeting, attended by members of several government and statutory boards Including the Urban Redevelopment Authority and the Housing and
    158 words
  • 95 11 A OROUP of Austrian parliamentarians led by Dr. Herbert 8c ham beck, ViceSpeaker of the Upper House of the Austrian Parliament, begins a three-day visit of Singapore starting today. Tomorrow, Dr. Schamback and the Austrian parliamentarians will pay a courtesy call on the Speaker of Parliament, Dr.
    95 words
  • 48 11 AFP MEXICO CITY, Tues. Mexico has reserves of 600,000 tonnes of uranium, putting it In sixth place among the world's nations, It was announced here. The announcement from the Nuclear Energy Institute said that the mam uranium deposits are In Chihuahua state, -In northern Mexico. AFP
    AFP  -  48 words
  • Page 11 Advertisements
    • 2014 11 BANCA COMMERdALE ITALIANA (INCORPORATED IN ITALY WITH LIMITED LIABILITY ESTABLISHED 1894) BALANCE SHEET AS AT 31 DECEMBER, 1976 Capitol Stock Legal Reserve Reserve for monetary adjustment (as per Low 2 December 1975, No. 576, art 23) Special Reserve (as per Law 19 December 1973, No. 823) Retained profits from preceding
      2,014 words

  • 1062 12 THE electronics Industry In Singapore faces the problem of unstable markets, especially In the semiconductor field, because of the sharp cyclical fluctuations characterising the International market. Employment In this industry, which is the largest manufacturing employer In Singapore, is therefore uncertain
    1,062 words
  • 141 12 Reuter WASHINGTON, Tues. European silver bullion dealers forecast little excitement on both the supply and demand sides of the silver market In the near future, the Silver Users Association (SUA) said. SUA vice president Walter Frankland prepared a report following a survey of 17 banks
    Reuter  -  141 words
  • 479 12 SINGAPORE firms should not remain passive to the advantages of computerisation but should look for opportunities to rationalise their business with the help of electronic data processing (EDP). This was stated by a leading member of the computer Industry here who
    479 words
  • 201 12 A TWO-DAY closed door seminar entitled "Bome Aspects of Transnational Enterprise Investment In Singapore" organised by the Law Faculty of the University of Singapore Is to be held at the Shangri-La Hotel this Friday. The meeting Is to provide a forum on matters of current Interest
    201 words
  • 91 12 PEOPLE'S PARK Development Limited one of the earlier developer* of shopping complexes In the Republic is to build another shopping complex In the Orchard Road area. The site will be "somewhere near the Ming Court Hotel," source* said yesterday. The new complex wfll be a 14-storey
    91 words
  • 83 12 AFP NEW YORK, Tues. US steel mills produced a total of 2,389,000 tonnes of steel during the week ending Aug. 27, as against 2,331,000 tonnes during the previous week, an Increase of 2.5 per cent. Output since Jan. 1 has now hit 82,785,000 tonnes, down from the
    AFP  -  83 words
  • 252 12 AFP BRISBANE, Tom. Aa Australian Labour Government would impose a secondary tax on excessively Ugh ■refit companies, former Labour treasurer Bill Hayden said yesterday. Mr. Haydea, bow the Labour opposition's spokesman on economic management, named the Utah Development Company and the &S0 BHP
    AFP  -  252 words
  • 279 12 THE Belgian feasibility study report on the proposed Asean-EEC promotion centre In Europe recommending Brussels as the site for the centre, has been handed over to the Asean-Brussels Commltee which Is directly, in charge of the matter. Mr. M. Depasse, the Belgium Ambassador in Singapore,
    279 words
  • 211 12 THE Science Council of Singapore Is organising a new televised series on skilled competitions known as the "Top of the Trade" competitions, to promote vocational training here. In a statement yesterday, the council hoped that the series will promote vocational training by: highlighting Its Importance
    211 words
  • 333 12 UPI WASHINGTON, Tues. The International Monetary Fund has adopted a supplementary loan facility to help developing countries with balance of payments difficulties The facility, popularly known as the 'Witteveen fund' after IMF managing director Johannes Wllteveen, Includes decisions for an Initial contribution of UB9lO
    UPI  -  333 words
  • 328 12 Reuter KUALA LUMPUR, Tuea The Par Eastern Freight Conference (PEPC) and the Freight Committee of the Rubber Industry of Malaysia (PCRIM) signed an agreement for the carriage of natural rubber from Malaysia to Europe by conference vessels. The agreement, signed after two years of negotiations
    Reuter  -  328 words
  • 385 12 Reuter KUALA LUMPUR, Tues. Malaysia has adopted a national forestry policy to protect Its dwindling timber resources from being completely denuded In 12 years by increased logging operations. The policy to apply to the forests throughout the country was adopted yesterday by the National
    Reuter  -  385 words
  • 73 12 Reuter KUALA LUMPUR, Tues. The Straits tin price In Penang firmed Ms4o per plcul to $1,665, 9165 above the new International Tin' Agreement celling, dealers said. Despite the London Metal Exchange holiday yesterday, the price advanced on heavy buying demand, particularly from Japan
    Reuter  -  73 words
  • 56 12 PARIS, Tues. The French Industrial wholesale price Index fell 0.2 per cent In July to 215.4, base 1962, after a 1.3 per cent decline in June, the National Statistics Institute said. The index stands 2.6 per cent above July last year, after being 5.7 per cent
    56 words
  • 766 12 LONDON, Tues. Stock prices advanced In quiet trading exlending last Friday's late rally, dealers said. At 3p.m. the FT index was up 5.3 at 469.8. Activity In government bonds was retaUvely modest but gains among longer maturities ranged to one half point while shorts added 1/16 to 1/6
    766 words
  • 131 12 THE members of the Orient Airlines Association (OAA) have agreed to standardise minimum air fares from Singapore to Australia with effect from Bept IS to stop price undercutUng among airlines and travel agents. The OAA members plying the Australian routes are: Singapore Airlines. British
    131 words
  • 39 12 ABOUT 100 workers at Rothmans of Pall Mall (8) in Buklt Tlmah staged a walkout yesterday in protest against the dismissal of one of the firm's superintendents. The Labour Ministry Is said to be looking Into the matter.
    39 words
  • Page 12 Advertisements
    • 106 12 Orchard Tewere T«4: ******1. ***** U. IH7MI Thick, soup, fresh fish, delicious greens restore decaying intestines; A salad crisp, a Stilton cheese will nullify the dread disease And English strawb'ries, swathed in cream, make sickness vanish like a dream; With Irish coffee at the end. disintegrating health will mend. So.
      106 words
    • 161 12 Our calculators won't add anxieties. That's important. Anxieties about office machines can make the office efficiency lower. And profits. Olympia CalcuJators don't require doublechecking. And because readings are always done with ease and accuracy, you can trust them. They are from, afterall, one of the world's largest and most reputable
      161 words