The Business Times, 3 September 1977
1977-09-03
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The Business Times
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Title Section10 1977-09-03 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, SEPTEMBER 3, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article64 1977-09-03 1 AFP TOKYO, Frl. Japan's corporate Investment overseas rose 5.3 per cent in fiscal 1970 which ended last March to U553,462 million (558,482 million), according to a government survey published today. The ratio of overseas Investment to gross national product stood at 3.2 per cent in fiscal 1975,AFP - 64 words
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Article38 1977-09-03 1 BONN, Fri. Mr. Adam Malik, Indonesia's Foreign Minister for more than a decade, said here today he would almost certainly resign from the post next month to become Chairman (Speaker) of the National Parliamentary Assembly.38 words
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Article60 1977-09-03 1 They came, they saw UPI WASHINGTON, Frl. Led by a large Influx of Canadian visitors, the number of foreign tourists who visited the United States during the first half of 1977 surpassed eight million, the government said today. The US Travel Service said tourism was up 7.1 between January andUPI - 60 words
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Article64 1977-09-03 1 AFP KUALA LUMPUR, Frl. The state-owned petroleum corporation, Petronas, has appointed the Industrial Bank of Japan as Its financial adviser for a M 52.5 billion gas project In Sarawak. Announcing this here today, Petronas said that the appointment was to complement that of Morgan Guaranty Trust CompanyAFP - 64 words
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Article55 1977-09-03 1 AP BOSTON. Fri. Japan should consider sending its troops abroad as UN peacekeeping forces according to a major Japanese study. The proposal to use Japanese troops abroad for the first time since World War II Is suggested in a policy analysis commissioned by the Japanese Government and conductedAP - 55 words
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Article91 1977-09-03 1 Reuter LONDON, Fri. Britain today announced that its inflation rate Is continuing to drop and that its gold and foreign currency reserves have reached new record levels. The Labour Government's Treasury Department said the reserves rose by U551,430 million (553,503 million) in August to a new peak ofReuter - 91 words
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Article66 1977-09-03 1 UPI NEW YORK, Fri. The stock market Ignored a depressing government report on unemployment and prices moved slightly higher In active trading during the first hour today. The Dow Jones Industrial average, which gained 3.37 points yesterday, was ahead 1.22 points to 866.08 shortly before the first hourUPI - 66 words
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Chief Price Changes
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Article, Illustration199 1977-09-03 1 TRADING on the Stock Exchange of Singapore continued on an easier note yesterday, with marginal losses recorded by most shares. Reflecting the easier trend, the Business Times index fell 1.25 points to 427.85. However, the Straits Times Industrial average managed a rise of 0.31 point to 267.52199 words
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Article110 1977-09-03 1 Foils Most active Petallng 5 20 -.20 8 H Chan 338,000 Kemp&j 3.34 .12 Msia Weaving 221,000 S. Dredge 4.74 —.08 O. Lumber 181.000 Bolton DBS. Consol Pit 8.P. Tex 1.39 3.68 4.28 1.30 —.07 -.08 —.08 -05 Olympla 189,000 Total Turnover: 2.94 M Total Value: M85.84110 words
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284 1977-09-03 1 ANOTHER way for Singapore to remain comKetltive as an offshore anklng centre, Is to keep a close watch on tax law on I Income In competing centres In the area. This Is the advice of Mr. James Chla Shih Chlng, head284 words
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165 1977-09-03 1 THE Asian Regional Com mission of the WorM Tourism Organisation (WTO) has adopted a resolution to persuade Singapore to reconsider its decision to withdraw from the organisation. Singapore had given the requlrecf one year's notice at the beginning of this year. It feels165 words
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Article, Illustration859 1977-09-03 1 SOH TIANG KENG - LAW OUT OF STEP Br SOH TIANG KENG A LAWYER has suggested that a panel of experts be set up to assist the Monetary Authority of Singapore to examine the legal Implications of government's financial policies before they are finalised. This Idea, mooted yesterday859 words
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544 1977-09-03 1 THE government yesterday rejected two proposals In Parliament which, If accepted, would have resulted In greater purchasing power in private sector housing development. v Mr. Ng Kah Ting (Punggol) asked the Government to consider relaxing restrictions on ownership of properties while Mr. Ang544 words
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377 1977-09-03 1 Reuter SEOUL. Frl. South Korea expects to sustain its high rate of economic growth and improve its International payments position and foreign exchange holdings In 1978 and 1979 according to provisional government forecasts. The provisional forecasts cau ror a 10 per cent Increase In grossReuter - 377 words
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331 1977-09-03 1 UPI WASHINGTON, Fri. Unemployment in the United State* roee to 7.1 per cent in August as the jobless rate far blacks returned to a poet World War II high set in the depths of the recession nearly two years ago, theUPI - 331 words
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534 1977-09-03 1 INDONESIA has agreed to allow Singapore to carry on its Asean diesel engine project under a compromise reached at the end of the first day of the Asean economic ministers meeting yesterday. Under the compromise Singapore can carry out a feasibility study on engines534 words
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Article83 1977-09-03 1 Reuter MANILA, Frl. The third Asean Inter-parlia-mentary Organisation (AIO) conference ended here today by formally adopting the AIO statute and upholding the provisions of a Joint communique that would assure the participation of 250 million peoples In the Asean countries. Mr. H.M. Soedjono (In- donesia), Tan Sri DatukReuter - 83 words
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Page 1 Advertisements
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Advertisement33 1977-09-03 1 11 ir if >ur tit <t St It t Ud ■'mr-('ut l)kim>'nd\ A. I:\tjui ilt JcMtlit Munmtu t n! r !ft\»un\hif> ft mm 8 J CeyloriJeweUers l tsil 16 Stamford Rd„ it.Tat: *****8/*****7. >@^|}_({~&=^*"%=:$,\.-(^{]`-?^-33 words
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Advertisement149 1977-09-03 1 YOU CAN DRIVE A PEUGEOTSO4 WITH ONE HAND IN YOUR POCKET The current PARF price for PEUGEOT 504 is only $27,600 whilst its competitors are: LANCIA BETA $27,900 BMW 320 $34,114 AUDI 100S $36,905 VOLVO 244 $36,906 CITROEN CX 2000 $37,640 MERCEDES 200 $44,301 Which means that the luxury of149 words
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Advertisement298 1977-09-03 1 mm in ►:< THEELEftMTUM SEE PAGE 3 XU ACE INVITEE) to the First International Exhibition of Business Equipment Services in Southeast Asia >4B06? ASIAN BUSINESS EXPO September 7,8. 9, 10,1977 Hyatt Singapore Hotel Convention Centre A Rewarding Event for Business Personnel in industry, Retailing, Wholesaling, Commence 165 DISPLAYS... of equipment298 words
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MARKET REVIEWS
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776 1977-09-03 2 LONDON THIS WEEK the Financial Times Index did it at last. After weeks of trying It finally managed the extra points needed on Wednesday to push up through the 500-level and Into Its highest level since January 1973. It was a major776 words
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Article262 1977-09-03 2 SINCE Mr. Tan Koon Swan left Gentlng to go to MultlPurpose Cooperative Society and bought out Pahang's 20.26 per cent stake In Plantation Holdings, there has been much speculation In London as to what happens next with PH, a group which has seen its shareholdlng change262 words
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161 1977-09-03 2 SIR JAMEB Goldsmith, with a mixture of persuasiveness, cajolery and bluster last Friday, won his last victory at Slater Walker by persuading loan stockholders to agree to a formula for the early redemption of three loan stocks. Without such agreement the company would161 words
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Article135 1977-09-03 2 LONDON stockbrokers have been doing a good business In Slme Darby shares In the past few weeks In anticipation of the results due on Sept 27. Although the shares have been a strong market against the trend, there Is confidence here that there Is more135 words
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156 1977-09-03 2 Reuter LONDON, Fri. The bank of England lent £50 million to £100 million (***** million to $427 million) for seven days and £100 million to £115 million overnight to three of four houses at minimum lending rate to relieve a money market shortage yesterday, marketReuter - 156 words
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778 1977-09-03 2 SINGAPORE IT was Just touch and go most of the way on the Singapore stock market this week. Trading volume was reduced and prices moved within narrow limits on an easier bias. Though each of the five trading sessions showed778 words
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408 1977-09-03 2 Arthur Ng - Arthur Ng SCRIP ISSUES Fujitec: scrip issue one-for-ten capitalising 227.3 million yen. OTHERS Sime Darby Holdings has cancelled its proposed purchase of the Australian Thyer Rubber group. Robinson's has proposed a capital reduction scheme to redeem Its two classes of cumulative preference408 words
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388 1977-09-03 2 KUALA LUMPUR THE Kuala Lumpur Stock Exchange was easier this week, with all but one of the leading indices ending off the previous Friday's closing levels. Trading was carried out on only four days as Wednesday was the Malaysian National Day. Average dally turnover388 words
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Article349 1977-09-03 2 SYDNEY Reuter TAKEOVER activity drew most attention on the Sydney Stock Exchange this week which was rather quiet on most other fronts, and only started to warm up on Thursday. Of all the takeover bids, CSR's offer for AAR attracted the most interest, especially with CSRReuter - 349 words
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153 1977-09-03 2 AFP NEW DELHI, FYI. Indian Coca Cola bottlers have uned the government to allow ingredients to be Imported for a limited period, despite its earlier ban. The parent Coca Cola Company In the United States was recently asked by the Indian Government toAFP - 153 words
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Article60 1977-09-03 2 Reuter HELSINKI, Frl. The new Finnish bank rate of 8.25 per cent will not be operative for two or three weeks, a Bank of Finland spokesman said quoting .central bank governor Mauno Kolvlsto. The old rate of 0.25 per cent remains operative and was not cut oneReuter - 60 words
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Article93 1977-09-03 2 Reuter WASHINGTON. Frl. The Commodity Futures Trading Commission (CFTC) approved In principle revised rules which will allow commodity options to be traded on designated boards of trade In the US under a three-year pilot programme. The rules will also allow the sale of London commodity optionsReuter - 93 words
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Page 2 Advertisements
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Advertisement17 1977-09-03 2 FEDERAL PUBLICATIONS No. 1 New Industrial Road, Singapore 19 170 Jalan Sungei Best, Kuala Lumpur 07-01, Malaysia17 words
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Page 2 Miscellaneous
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Miscellaneous21 1977-09-03 2 'uawptr-s wpiPpfeMisQf) f WILL scmeßCDv f ocwes >s to SRve Mis A/ aj-r one V I V*N Tue W TTZS£ EriStoW':Ftai^ci)icJcet>s21 words
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Miscellaneous339 1977-09-03 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Sept.2 at Singapore airport. Maximum Temperature 31.6° C Associated Humidity 57 Minimum Temperature 25.3° C Associated Humidity 89 Hours of Sunshine 10.20 Rainfall in Millimeters nil Total Rainfall for the Month nil Total Rainy Days for the Month339 words
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OVERSEAS
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373 1977-09-03 3 AFP CANBERRA, Frl. Increased productivity In the Australian textile, clothing and footwear Industries Is being demanded by the Australian Government In return for its strong stand on tariff protection for the industries chiefly, the government claims, because of unemployment. The Minister forAFP - 373 words
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161 1977-09-03 3 AFP ROME, Frl. Spanish Premier Adolfo Suarez has wound up his first tour of EEC capitals by obtaining Italy's promise to support Spain's application for membership in the European Common Market. Premier Glullo Andreottl assured him when they met here yesterday that Italy winAFP - 161 words
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630 1977-09-03 3 NYT Reuter MEXICO CITY, Frl. President Jose Lopez Portillo said yesterday that Mexico was slowly emerging from Its 12-month-old economic crisis, although he warned that per capita income would fall this year and that unemployment would continue to rise In the coming months. InNYT; Reuter - 630 words
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Article139 1977-09-03 3 AFP PARIS, Fri. The Organisation for Economic Cooperation and Development (OECD), announced on Wednesday the appointment of Dr. William Hannum of the United State* as Deputy Director General of the OECD Nuclear Energy Agency. He succeeds lan Williams, who became Director General of the agencyAFP - 139 words
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Article44 1977-09-03 3 AFP BRUSSELS, Frl. The steel crisis within the European Economic Community Is continuing, the EEC Commission reported here yesterday. Steel orders received In July were only 5,935,000 tonnes, well down from the 6,338,000 tonnes scored In July last year. AFPAFP - 44 words
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Article, Illustration331 1977-09-03 3 Reuter BLACKPOOL, Frl. The general council of Britain's Trades Union Congress will give tacit support next week to a conference motion which some union leaders say could wreck the government's pay policy of keeping a 12-month gap between wage awards, unionReuter - 331 words
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153 1977-09-03 3 Reuter BONN, Frl. The EEC Monetary Committee, comprising Finance Ministry officials and Central Bank officials from the nine Common Market countries, will meet In West Berlin on Sept 9, a German Finance Ministry spokesman said. Government sources said the Berlin session Is aReuter - 153 words
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Article54 1977-09-03 3 Reuter WASHINGTON, Frl. The General Services Administration said It sold 10 tonnes of Grade C tin from stockpile at US$5.lO (5512.50) per lb (0.45 kg). The buyer was Associated Metals and minerals. No bids were received for Grade 'A' tin at the unchanged price of <5.15 perReuter - 54 words
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166 1977-09-03 3 AP OTTAWA, Frl. US Energy Secretary James Schleslnger and a Canadian negotiator met for five hours yesterday but failed to agree on terms for building a US$lO billion (5524.5 billion) pipeline to bring Alaska natural gas to the lower 48 states. Lower-rankingAP - 166 words
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Article107 1977-09-03 3 AP SEATTLE, Frl. The highest ranking trade delegation from China to visit the United States Is slated to arrive here on Tuesday, says Mr. C.M. Berry, president of Seattle-First National Bank. Mr. Berry, who headed a recent state trade mission to China, said securityAP - 107 words
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589 1977-09-03 3 NYT NEW YORK, Frl. A number of Bert Lance's banking practices fell outside the limits of customary or even ethically acceptable behaviour, according to bankers and financial executives who were asked In a spot check to assess the embattled Budget Director's performance as aNYT - 589 words
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Article, Illustration106 1977-09-03 3 Reuter MEXICO CITY, Frl. Several major natural gas deposits have been discovered recently in Mexico, a state oil company Petroleos Mexlcanos (Pemex) spokesman said. The deposits are In the northern states of Coahulla and Tamaupllas and In Campeche on the Gulf of Mexico. One of them hasReuter - 106 words
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Article56 1977-09-03 3 Reuter MEXICO CITY, Frl. Mexican President Jose Lopez Portlllo called for rationalisation of the world's petroleum resources to guarantee fair prices and safeguard peace. He said Mexico has £roven oil reserves of 14 llUon barrels worth US$5O billion (Ssl22 billion). Mexico also has probable oil reserves ofReuter - 56 words
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255 1977-09-03 3 UPI WASHINGTON, Frl. U8 valve manufacturers warned the Federal government yesterday that any tariff reductions for Imported Industrial valves would "seriously damage and perhaps destroy" a significant segment of the US$l.7 billion (554.08 billion) American Industry. The manufacturers petitioned the Interagency trade policy staffUPI - 255 words
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Article87 1977-09-03 3 Reuter NEW YORK, Frl. US bankers' dollar acceptances outstanding rose US$59 million (Ssl46 million) to a record $23.5 billion, New York Federal Reserve Bank said. The rise Include an Increase of $113 million In US export bills to a record $5.8 billion, but Import bills fell $65Reuter - 87 words
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365 1977-09-03 3 UPI WASHINGTON, Frl. Unemployment now poses political problems for President Carter, who during the first eight months of his tenure escaped blame for the nations stubbornly high Jobless rate. The current extent of Mr. Carter's problem will be exposed today with release ofUPI - 365 words
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Article168 1977-09-03 3 Reuter NEW YORK, Frl. Discount window borrowing outstanding fell on Wednesday to about half the previous week's level, apparently showing the effect of the discount rate rise to 5% from 5%, analysts said. The New York Federal Reserve Bank's weekly report showed discount window loans outstandingReuter - 168 words
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Article66 1977-09-03 3 Reuter WASHINGTON, Fri. President Carter will announce his tax tax reform proposals about two weeks before Congress ends Its current session, White House Press Secretary Jody Powell said. The anticipated date for ending the session is Oct. 7. Mr. Powell said If Congress finishes later the taxReuter - 66 words
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Page 3 Advertisements
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Advertisement371 1977-09-03 3 FROM FEDERAL PUBLICATIONS LIM BIAN YAM I a step-by-step guide An easy to understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger of even the veriest novice. The joy of this book, however, is that371 words
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Page 3 Miscellaneous
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Miscellaneous183 1977-09-03 3 CROSSWORD SOLUTIONS ACROSS. 4, Artery, 7, Required. 8, Utmost. 10. Shack. 13, Sloe. 14, Halo. 15, Gets. 18. Rep- Bred. I®. Spot. 21, Premature. 23, Sent. 24, Tape. 28, Gen. 27, Over. 29. Show. 32. Grid. 33, Aside. 34, Treats. 35, Testator. 38, Phobia. DOWN. 1. Brush. 2, Eaual. 3,183 words
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COMPANY NEWS
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260 1977-09-03 4 PROFITS have tumbled despite increased sale* at Malaysia Weaving in the half year ended June 1977. The decline, according to the company, was due to the much higher cost of raw materials. Group profits fell 86.1 per cent from $870,083 for the first260 words
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Article730 1977-09-03 4 MUCH AGAINST Its own expectations, Hume Industries (Malaysia) staged a strong recovery In the second half-year, resulting In the company reporting only a one-fifth decline In group pre-tax profit to 53.91 million, against an earlier anticipated setback of about 60 per cent to $1.75 million730 words
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468 1977-09-03 4 WITH a little luck and more push, Amcol Electrical Industries Just might make it back to the. black in the current year, thanks to the rescue operation launched in late November last year. For the six months ended June 30, 1977,468 words
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Article130 1977-09-03 4 AEQ-TELEFUNKEN has appointed Mr. Kurt Preng emann as its representative for Singapore and Malaysia with responsibility for coordinating the company's activities in the field of marine electrical equipment with its sole agents, 1 the Behn Meyer group. Mr. Prengemann takes over from Mr. H. Preiaa who is130 words
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COMPANY MEETINGS
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Article26 1977-09-03 4 THE following company meetings are due: Sept 3 at 9.30 a.m. at the Company's Office at Shah Alam Industrial Estate, Sungei Renggam, Selangor.26 words
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Article19 1977-09-03 4 Sept. 17, 12 noon at the Oardenla Room Shangri-La Hotel, 22 Orange Orove Road, Singapore 10.19 words
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Article18 1977-09-03 4 Sept. 17 at 15th Floor, Rooms 1511/1512, Shing Kwan House, 4 Shenton Way, Singapore 1.18 words
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Article11 1977-09-03 4 Sept. 19 at the Registered Office, Batu Tlga, Selangor.11 words
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Article17 1977-09-03 4 Sept 20 at the Cempaka Room, Hotel Equatorial, Jalan Sultan IsmaU, Kuala Lumpur, Malaysia.17 words
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Article23 1977-09-03 4 Sept 21 at 10.30 a.m. at the Registered Office, 12th Floor, Yee Seng Building, Jalan Raja Chulan, Kuala Lumpur.23 words
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18 1977-09-03 4 Sept 29 at 11.00 a.m. at Ban Hln Lee Bank Chambers, Beach Street. Penang.18 words
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Article321 1977-09-03 4 Current Ex Date Total for Total for payment Date payable the year prrviou* year Selu(or Dredfinc 15% Aug 12 Sept 6 50% 40% Berjaya Kawat 9%TK Aug 16 Sept 9 10%TEb 7 5% TE Utd Malacca 18% Aug 23 Sept 10 24% 20% Selangor Properties SSI Aug 23321 words
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189 1977-09-03 4 AN EXCEPTIONAL provision of $400,000 exerted Its strong pull on Temenggong's performance for the six months ended June 1977 when the unaudited pre-tax profit fell 47 per cent to $373,000. The exceptional Item, reflects a full provision against loans to a certain customer made by189 words
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948 1977-09-03 4 NEW YORK, Frl. Are the earnings of small growth companies likely to do better than those of bigger, better established companies if the economy begins to show signs of fatigue in the months ahead? Mr. Edmund Swanburg, senior vice president in948 words
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Article246 1977-09-03 4 BANGKOK, Frlr—A Thai paper company owned in part by American Interest! said today It would appeal against court orders authorising the seizure of company assets for payment of customs penalties, duties and fines. Slam Kraft Paper Co. Ltd. director Mr. Tarrln Nlmmanhaemlnda said the firm246 words
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120 1977-09-03 4 AFP HONOKONQ, Frl. A giant garment manufactorer, Yangtseklang Co. today reported a record net profit after tax of HK115.523 million, 37 per cent up from last year. Announcing this and a final dividend of 46 cents K share, the company said t all ItsAFP - 120 words
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253 1977-09-03 4 AFTER a strong first half year ended June 1977, New Serendah Rubber Is proposing to double Its share capital to M 512.28 million with a one-for-one scrip Issue. The agents, Barlow Boustead Estates Agency, said the New Serendah board has decided to hold253 words
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Article52 1977-09-03 4 KUALA LUMPUR, Frl. The Central Trengganu Development Authority (Ketengah) has set up a Ms 2 million Joint-venture quarry operation with the Italian-Thai Development Corp and Blna Cltra Sdn. Bhd. Ketengah owns 57 per cent of the shares while Blna Cltra and Italian-Thai own 25 and 18 per52 words
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Article1357 1977-09-03 4 On September 1 TRADING in options on the Chicago Board Options Exchange came to 72,648 contracts on Thursday compared with 73,106 contracts on Wednesday. OPTION OCT JAN APL 8TOCK Alcoa Alcoa Alcoa AmTel AmTel AmTel AtlR AtlR Avon Avon BankAm BankAm BankAm BethS BethS BethS BethS BethS1,357 words
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Page 4 Advertisements
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Advertisement269 1977-09-03 4 r* I 4 $125/while stocks last! THE TIMES ATLAS of CHINA The Times Atlas of China is far mora than a collection of detailed, up-to-date mape. It is an informative, general guide to modern China the land itself, and the economy and peoples it sustains. The Atlas containa maps of269 words
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INTERNATIONAL STOCK MARKETS
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Article597 1977-09-03 5 NORTH AMERICAN COMPANIES Reuter AP AMERICAN car makers will continue to shrink their products and will drive Imports out of the market within the next few years, Ford Motor Co. chairman Henry Ford II predicted on Thursday. "We're going to push them right out toReuter; AP - 597 words
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207 1977-09-03 5 FT KEWANEE INDUSTRIES and Gulf Oil have rejected a Federal Trade Commission request for a 90-day delay in the US$446 million acquisition of Kewanee by Gulf. This leaves the FTC with the option of either swallowing the rebuff or seeking a court order toFT - 207 words
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Article61 1977-09-03 5 Reuter RCA CORP said it knows of no reason for the decline In the price of its stock, which last traded at 27%, off one. The company said It is having a strong third quarter and In its consumer electronics operation, unit sales of colour television receivers in AugustReuter - 61 words
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178 1977-09-03 5 UPI THE Pentagon gave the Sikorsky Aircraft Co. a US$75O million contract on Thursday to build the helicopter for the Lamps anti-submarine warfare system. Sikorsky, a Stratford, Connecticut, firm, was chosen over Boeing-Vertol, from Philadelphia's Delaware county suburbs. It got $2.7 million to design theUPI - 178 words
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Article49 1977-09-03 5 Reuter ROCKWELL INTERNATIONAL CORP said It has reached agreement on terms of a new three-year contract with the United Steel Workers of America. »The old contract, covering about 1,700 employees of four Rockwell plants, expired on Thursday midnight. Terms of the new agreement were not disclosed. Reuter.Reuter - 49 words
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245 1977-09-03 5 UPI SUPREME COURT Justice Harry Blackmun on Thursday refused to block a court order said to be forcing a company trading In commodities options on the London market out of business. The injunction, Issued by the 2nd US Circuit Court of Appeals, prevents the BritishUPI - 245 words
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389 1977-09-03 5 UK COMPANIES Reuter BRITISH PETROLEUM, one of the largest companies In the UK, has made unexpectedly higher profit In the first half-year ended June 1977. BP'S announcement of a pre-tax. Income of £1.12 billion for the mid-term, compared with £772 million last time, helped launch aReuter - 389 words
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Article313 1977-09-03 5 FT LONDON, Frl. There Is extreme concern among Britain's makers of process plant hardware about the growing numbers of orders being lost to overseas competitors. They have approached both the government and the Confederation of British Industry about the problem. The Process Plant Association says thatFT - 313 words
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288 1977-09-03 5 Reuter THE PARENT company of Chemical Company of Malaysia, Imperial Chemical Industries has raised its pre-tax profit by 11 per cent to £300 million In the first half of 1977, on sales Increase of 23 per cent to £2.41 billion. ICI is hiking ItsReuter - 288 words
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Article47 1977-09-03 5 Reuter BRITISH SUOAR Corp said Its one-for-two rights issue of five million ordinary shares at 375p has been 96.75 per cent accepted. The balance has been sold at a net premium of 60.3p per share to the benefit of shareholders entitled to the rights. Reuter.Reuter - 47 words
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Article104 1977-09-03 5 FT REPORTING profit on target for the first half of 1977, Mr. Cyril Stein, chairman of Ladbfoke Oroup, is upgrading the forecast for the second six months. Including the results of the holiday division for the first time, taxable profit accelerated from £5.6 million to £10.93 millionFT - 104 words
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829 1977-09-03 5 MATCHING companies with their ideal partners has not proved the growth industry that computer dating for individuals has. Of the 350 requests from companies for a partner that one bureau has received since 1973, only 50 agreements have resulted though these have often involvedFT - 829 words
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141 1977-09-03 5 Reuter BUENOS AIRES, Frl. Argentine Economy Minister Jose Martinez de Hoz will sign an agreement for an Argentine bond Issue In West Germany during a vlst there next month, Economy Minister sources said here yesterday. Argentina will also Issue public bonds In Japan shortly, markingReuter - 141 words
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Article87 1977-09-03 5 Reuter BRUSSELS. Frl. The 9V» per cent 9-Vi year Belgian state loan to be Issued next week Is priced at 100.25 per cent, and the government's banking consortium has already subscribed 50 billion francs, a finance ministry official said. The loan,' on sale from Sept 5Reuter - 87 words
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Article81 1977-09-03 5 Rtuter ESSEN, Frl. Fried Krupp GMBH group unit, KruppKoppers GMBH, has a 150 million mark order from the Soviet Union to build a plant producing DMT, a raw material for polyester fibres, a Krupp spokesman said. The plant will be built at Mogilev and have anRtuter - 81 words
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Article282 1977-09-03 5 ASIAN COMPANIES FT JAPAN'S largest oil production company, Arabian Oil, has reported a deficit for the first time ever in Its half-yearly accounts to June, 1977. The 301 million yen deficit was blamed on the Impact of two-tier pricing of crude oil decided at the beginningFT - 282 words
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Article86 1977-09-03 5 Reuter TOKYO, Frl. Toyo Kogyo Co Ltd said it will lay off 10,000 workers for six days this month following a fall In domestic sales. It also said It had lowered planned production for the second half of this year ending Oct 30 by 5,000Reuter - 86 words
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Article235 1977-09-03 5 AFP HONGKONG, Fri. Paul Y. Construction Company Ltd today announced a post-tax record profit of Just over HK523.2 million for the fiscal year ended March 1977, an increase of 15 per cent over 1976. "The earnings achieved were the highest in the hlstpry of ourAFP - 235 words
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Article104 1977-09-03 5 AFP TOKYO. Fri. Japan's seven major trading firms submitted false Income returns during the past 4Vi {ears, leaving a total of 2,424 million yen unreported. It was revealed today. This charge by Mr. Yujl Tadamatsu, Socialist member of the House of Representatives, was confirmed byAFP - 104 words
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Article95 1977-09-03 5 Reuter TOKYO, Fri. Toyota Motor Co Ltd said it will start constructing a 40,000unit a month car assembly plant at Tawara, central Japan, early next year to start operating In second half 1979, about half a yAr ahead of the original projection. When completed. Toyota willReuter - 95 words
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Article102 1977-09-03 5 Reuter HONGKONG, Fri. Hutchison Properties net profit for the first half-year has risen to HKSI 1.6 million from $9 million last time. The Interim dividend is however held at an unchanged 10 cents. The company, a Hutchison International group unit, said in Its interim statement that certainReuter - 102 words
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Page 5 Advertisements
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Advertisement135 1977-09-03 5 Bu SINGAPORE iness SINGAPORE M J .077 priCE $300 moB AUOJST 19// Vt C "f 6 ,,we pL IjSSH co««w»" c TIOHS r050^ 3 /«VtST«* HT p«OP^ RTY r j KJW J W■ UFC^TTHEtOP g Jijj V mtwos 33WW *J co-3 EX®"* STOC* W* RKtT V,tW ST OCK P«OfH.E^ tt135 words
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Article2388 1977-09-03 6 1*77 Hick Low Coapaajr La* Sal* +«rGr'i div Div e'n Or*! ru Nat P/E Val CM«) Day High Low 8ECTION ONE INDUSTRIALS 154 204 110 230 88* 198* 169 223 408 171 138 172 58 212 57* 155 152 182 350 145 Acma Alcom Allied Choc Bata2,388 words
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Article1467 1977-09-03 6 BID and offer prtcw officially Hated and buslnca* in and reported to tb* Stock Enhance of Singapore yesterdt> with the number of tfiar** traded •hown m bracket* In lota of 1000 unite unlaaa otherwue specified All Time Settlement Contract* are quoted after the word "Sate." Bte Board1,467 words
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Article1571 1977-09-03 6 BID and offer prices officially hste<* and business In and reported to the Kuala Lumpur Stock Exchange yesterdav with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS AJlnsmst* (2.00B). Aleem (1.818 1.878). A Is*. Held (I.OSS), XD. A.1,571 words
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Article59 1977-09-03 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and oAr prions and businses dons yesterday, with the number of options traded shown in brnckots. Inchcape (March $2.40) (0.238) (1) 0.20. UOB (Dec $3.20) (0.128 0.205). (March $3.20) (0.218 0.255).59 words
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Article159 1977-09-03 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers priot is fur Sept 1) (Current pr toss) The Commerce 175 1 85 INCOME BOND 1.07 1.13 The Saving Fund 1.02 108 S pore Prog Fund 0.87 0.92 MARA BUMIPUTRA FUND 8'pore Security (Managers' prices far Sept S) Fund 1.54 1159 words
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Article148 1977-09-03 6 B O T 8 1/2* IMI (100,000) (103 toB 1048) B O T 7 VB% 1984 (100,000) (Wtoß s) LTCBJ 1982 (lM,0M)(MtoB Credit Lyonnnis Floating 1983 (100,000) (Mtoß 98SS) DBS Converts C 1/2% IWI (100,000) (97*8 MtoS) D B 8 8 1/2* 1982 (IM.OM) (101 toB 102HS) E148 words
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Article132 1977-09-03 6 Rep Spore D Mirk 7% 1982 (100.000) (101*B 1Q1*8) Rep Spore 6 1/2% 1983 (100,000) (100%8 101HS) Rep Spore 7 3/4% 1987 (100,000) (100HB 101 *8) 5 1/2% 1/12/77 (250,000) (100.478 100.575) 5% T F 1/3/78 (250,000) (101.508 101.665) 6 1/2% 1/4/78 (250.000) (101.068 101.218) 5 1/2% 15/4/78132 words
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Page 6 Advertisements
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Advertisement176 1977-09-03 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 who176 words
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Article, Illustration647 1977-09-03 7 PRICES traded lower in ■—«Uy quiet and featureIces trading on the Stock Exchange of Singapore yesterday. Support from genuine investors remained seriously lacking. Bids posted here and there were mainly tentative in nature and therefore failed to result in business. In some cases the disparity between hid647 words
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Article353 1977-09-03 7 TRADING was dull and listless on the Kuala Lumpur Stock Exchange yesterday, with share prices continuing to move mar- I (finally lower. i Profit-taking and stop loss selling continued to erode prices, but no heavy selling pressure was evl- dent. Most observers believed the market is consolidating353 words
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INTERNATIONAL STOCK MARKETS
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Article343 1977-09-03 7 HONOKONO: The market closed firmer In active trading on Friday, on more buying Interest, dealers said. The Hang Seng Index rose 6.13 points to close at 435.18. Hongkong Bank, Swirs Pacific and whwloek Marden rose 10 cents each to HKSIB.OO, <6.85 and $2.70 respectively, Hongkong Land 15 to <7.00343 words
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Article513 1977-09-03 7 TOKYO: Share prices closed mixed on selective buying on Friday and profit taking In the absence of fresh factors, dealers said. The Dow Jones average gained 7.95 to close at 5,246.55 with volume 420 million shares. The New Index, however, closed at 388.75, down 0.82. Low-priced shares and speculatlves513 words
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Article409 1977-09-03 7 SYDNEY: Mines and banks firmed on Friday, with the Wales rising five cents to A<4.9 the Natioaal 10 to <2.70. the ANZ five to <3.25 and the CBA seven to <2.70. dealers said. The Sydney All-Ordlnarles Index rose 2.8 points to close at 430.92. MIM, Bougainville Copper, Hamersley, North409 words
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Article164 1977-09-03 7 MANILA: The market closed higher with all sectors rising moderately on Friday, dealers said. Turnover rose to 4.35 million pesos from yesterday's 3.17 million. Philes rose one point while Marinduque lost a point. Other mining Issues were steady. Oriental and Podco led the oil sector with rises of one164 words
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Article103 1977-09-03 7 SEPT 02 BahU Asia Fibre 193 unch Bangkok Bank 307 -4 Bangkok Invest. 282 unch Bangkok-Metro-poll tan Bank Bat* 700 -10 BerliJucker 444 unch Charoong Thai Wire 181 ♦3 Dumex Duslt Thanl 2388 ♦1 Faber Merlin First Trust 1858 Indo-Thal Industrial Finance Corp ***** unch J And J Ho103 words
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Article318 1977-09-03 7 AMSTERDAM: The market closed generally higher aided by Wall Street's overnight recovery dealers said. Unilever and Royal Dutch led generally higher Dutch Internationals, closing 1.80 and 3.00 Guilders up respectively. oocovenj lost some ground. Elsewhere. Heioeken, Pakhood, Ennia, Boakalis and Elsevier were among firm spots. Lower shares included KLM,318 words
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Article156 1977-09-03 7 MILAN: The market closed mixed on Thursday with an easier bias, influenced by scattered proflttaklng following the recent firmer trend, dealers said. Fiat. IFI PRI, Gen ImmoMliare, I alga* and Pirelli Spa were Isolated gainers, while elsewhere Aaic, Aaa Gen, Altalcementi, both Olivetti*, Pirellis and Snia Viacoaa declined. Bonds156 words
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Article338 1977-09-03 7 PARIS: The market was steady to higher on Thursday remaining buoyed by the discount rate and base rate cuts and government measures announced yesterday, dealers said. Bank!, portfolio Investments and foods were steady to higher but engineerings weakened. Buildings fluctuated narrowly. 8 to res continued to advance, while electrlcals338 words
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Article267 1977-09-03 7 ZURICH: The market was slightly firmer in selective trading on Thursday, dealers said. In transports, Swiaaair fell. In otherwise Uttle changed banks, Kreditanatait rose Bally shares said heavy two way trading and Its bearer stock closed below the day's high while the registered shared edged lower on balance. AcUve267 words
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Article303 1977-09-03 7 JOHANNESBURG: Gold shares drifted easier on lower bullion indications and general lack of Interest on Thursday, dealers said. Heavyweights led up to 75 cents, while lightweights were up to 15 cents lower. Mining flnanclals were mostly weaker In sympathy with producers. Do Beers lost eight cents to 515 on303 words
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Article174 1977-09-03 7 SEPT *1 CI Abltibi unch Alcan 27* Algoma n unch Bank Mont IS* Bell Tel 53V* unch Beth Corp 18* BP Can Ltd 13 Brascan 13* unch Camp Red Lake 29WB Can Imp Bk 22'% Canpac 18* Canpac In* Pf 38 B Carllng O'Keefe 2* unch Comlnco 30* Cons174 words
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Article1280 1977-09-03 7 NEW YORK: The stock market, overcoming some hesitancy In the afternoon, advanced along a wide front on Thursday aided by favourable news about Inflation. Trading was moderate. Strength was attributed to a Government report that the US wholesale price Index for August rose by only 0.1 per cent1,280 words
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Article74 1977-09-03 7 FINANCIAL TIMES INDUSTRIALS 498 I Wednesday 500 9 Week Ago 486 1 DOW JONES AVERAGE INDUSTRIALS Thursday 864 86 Wednesday 861 49 Week Ago 854 12 LONDON DOLLAR PREMIUM Thursday 85* to 85*. Wednesday 85* to 85S H.K. HANG SENG Thursday 429 05 Wednesday 427 73 Week Ago 42174 words
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Article208 1977-09-03 7 Reuter TOKYO, -Fri. Nippon Steel Corp said its first half (April-September) crude steel production will fall 2.5 per cent to 16.3 million tonnes from 16.97 million In the same period of last year reflecting a slow recovery of domestic demand. It said seven out ofReuter - 208 words
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160 1977-09-03 7 TOKYO, Frl. Faced with poor domestic sales, Japan's "Mazda" car maker Toyo Kogyo today announced a plan to lay off almost one third of its total work force of 30,000 for up to six days In September and October. This is the first160 words
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Page 7 Advertisements
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Advertisement536 1977-09-03 7 BUSINESS TIMES Airline Directory A troll ot Soviet Airline* 110-112 Shew Centre, Orchard Road, Singapore 9 (Tel: 377.111) Air Ceylon 302-B, 3rd Floor, Marina Houm SKenton Way, Singapore (1) (Tel: *****88) Ground. Floor, ICI Building, Shenton Way Singapore 1 (Tel: *****11) Air India 16th Floor, UIC Building, Shenton Way, Singapore536 words
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COMMODITY REPORTS AND PRICES
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Article459 1977-09-03 8 UH the Singapore rubber market yesterday, opening quotations were marked up one cent following the higher afterhours levels here and London advices. The market then advanced further on speculative buying, forward inquiries and weekend short-covering but light proflttaklng pared the gains slightly, dealer said. Turnover459 words
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Article360 1977-09-03 8 Prices in cents per kilo yesterday Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S promptf.o.b. 207.50 208 50N 207.50 208.50N Int. 1 R S.S September 209 00 209 25 208.75 209 23 Int. 1 R S.S October 209 50 210.00 206.50 210.00 Int360 words
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Article94 1977-09-03 8 NOON SSR and SMR prices yesterday September October R.A.S. (CurreutMth) (F« rwarAMlh) Buyer* Seller* Buyer* Seller* (cenuperkf) <« niUperkc) SSR20 (1-lonpallet) 200 00 202.00N 200 00 202 00N SSR50 (1-tonpallet) 197 50 199 50N 197.50 19# SON MRELB SMR5CV (1 -ton pallet) 220 50 222.50N 221.00 223.OON94 words
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Article30 1977-09-03 8 Rubber: Sept 2 Singapore: September 208.75 cents (up 2.25 cents.) Malaysia: September 209.50 cents (up 2.75 cents) Tin: $1,630 (down $23.75) Official offering: 195 tonnes (up 23 tonnes)30 words
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Article190 1977-09-03 8 BANGKOK, Frl. Indicative prices quoted here today were unchanged from Thursday: (US dollars per tonne fob boili Bangkok) White Rice: 100 pet Ist class 306, 100 pet 2nd 202. 100 pet 3rd 288. 5 pet 277. 10 pet 255. 15 pet 252. 20 pet 240. 25 pet 240, 35190 words
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Article353 1977-09-03 8 DEALING on the Singapore produce market yesterday was quiet and featureless as local traders preferred to stay oh the sidelines until a clearer picture of the international supply-demand situation emerges. Some traders continued to be hampered by the lack of Inquiries from the West while others were not353 words
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Article245 1977-09-03 8 LONDON, Frl. Coffee opened about steady with gains of £9 to £45 In light turnover of 129 lots. Dealers said prices rose on commission house buying following the firmer close In New York. Later, however, some trade selling took futures off their highest levels. Otherwise, there was little In245 words
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Article157 1977-09-03 8 LONDON, Frl. The terminal opened £21 to £35 per tonne higher on sales of 418 lots. Spot September traded from £2,735 to £2,748 against a final trade yesterday of £2,727 while December sold from £2,435 to £2,450 against £2,415. One July call option was traded at £2,138, premium £540.157 words
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Article58 1977-09-03 8 C.I.F. Rotterdam. US dollars per ton. LONDON Thursday Prrriou* Malaysia 5* ffa bulk Nov 433 sir 425 sir Sumatra 5S f fa 4S5/487.50 pd Sept 505 sir Oct 455 sir 455 sir/ 450 pd Nov 440 sir 440 sir December 435 sir 435 sir January 422.50 pd 422.5058 words
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Article192 1977-09-03 8 THE Btraits price In Penang yesterday was down M 823.75 to $1,630 per plcul on an official offering up 23 tonnes to 195 tonnes. In LONDON tin was £158 down for cash and £150 lower for Three Months standard metal. Market sources attributed the easier trend to192 words
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Article182 1977-09-03 8 LONDON, Frl. Sugar futures opened £1.50 to £0.15 per tonne higher on yesterday afternoon closing levels and then ruled steady In rather quiet open trading with sales at noon totalling 1,139 lots. Dealers said the market was slightly steadier than expected due to renewed short-covering with continued Japanese Inquiry182 words
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Article256 1977-09-03 8 HONGKONG, Frl. The cotton futures market closed easier in moderately active trading, closely In line with the overnight decline In New York, dealers said. The market opened with December traded limit down at a record low here of 52.15 US cents, on commission house selling and proflttaklng by256 words
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Article134 1977-09-03 8 CHICAGO, Frl. Soybean futures yesterday advanced late In the session to finish at the day's highs with gains of 9-1/2 to 3-1/2 cents a bushel. Trading was very light throughout most of the session. Supported by the lack of deliveries and possible harvesting delays and crop damage because of134 words
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Article53 1977-09-03 8 CHICAGO, Frl. Wheat futures yesterday closed narrowly mixed, with final prices up 1/2 cent to down 3/4 cent a bushel. Trading was thin and prices moved within a two- cent range, slipping below Wednesday's close until commercial buying and a late advance In soybean futures prompted some shortcoverlng which53 words
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347 1977-09-03 8 THE recent bull trend was well extended In the week to Sept 1 when prices showed an appreciation of up to six cents and more. Apart from Silet patches due to the osure of London and Kuala Lumpur respectively, quietly steady conditions ruled throughout following347 words
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Article316 1977-09-03 8 LONDON, Frl. Copper ended the morning ring £5 down for cash and £4.50 lower for Three Months. Dealers said the market was barely steady for most of the session on long liquidation in front of the long holiday weekend In the US. Sentiment was also dampened slightly by the316 words
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Article238 1977-09-03 8 LONDON, Frl. Sliver was unchanged for cash and 0.1 pence per troy ounce down for Three Months. The market fluctuated narrowly in quiet dealings with the steadier gold fix partially offset by a slightly easier bullion market. Ring sales were 36 lots and Three Months finally traded at 260.8238 words
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Article325 1977-09-03 8 THE kllobar opened at 5511,571 on the Singapore fold market yesterday. rices fluctuated In a narrow range of 5520.00 and closed at.5i11,562 In quiet trading condition. On the London market, the metal opened at U*****.90/ 146.10 and stayed at this level throughout the day. The price closed at $145.95/325 words
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Article108 1977-09-03 8 LONDON, Frl. Lead was £2 .75 down for cash-and £3 lower for Three Months. In a rather featureless market, prices were marked slightly lower In line with copper, then held steady in moderate two-way dealings In Three Months at around £325. Ring sales were 1,700 tonnes. Warehouse stocks are108 words
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Article116 1977-09-03 8 LONDON, Frl. Zinc closed the morning down all round. Dealers said trading was featured by a sizeable selling Interest from one quarter thought by some sources to be pricing. However, the selling was well absorbed In the ring where Three Months traded between £315 and £313. Ring sales were116 words
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MONEY AND EXCHANGES
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Article549 1977-09-03 8 THE US dollar weakened against most currencies on the Singapore Forex market yesterday reportedly due to the rise in wholesale prices In America last month. The US dollar opened lower against the Singapore dollar at 2.4478/88 and was quickly sold down to the $2.4460/65 level. Most bids were around549 words
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Article42 1977-09-03 8 acbc 6*4 ('-> (V, Citibank v Bangkok Bank 7 HSBC IV, Bank of America CH Indotuei 6*4 Bank of China 7 6*4 Mitaui Bank 6H Bank Negara Indonesia OCBC 7 OL'B 6*4 6'< I'CB 7 «V< UMBC 7 DBS UOB42 words
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Article166 1977-09-03 8 Asian rates ASIAN currency deposit Interbank rate* u at close on Sept I: UBMIinlM) (Xh> RU 7 day* 1/4 6 i/a 1 mth 3/4 6 4/6 2 tilths M 1/4 3 mthi 1 7/16 6 3/16 m thi 11/16 9/16 9 mthi 3/4 6 3/6 12 mtlu 11/16 11/16 gw.166 words
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Article50 1977-09-03 8 RANGE of price* offered by discount house* on 8ept 2: Overnight 5* to 3WM Call deposit 3* to 3*« CWl 3-Month Treasury Mils 3-Month Bulk bills 3-Month CD 9-Month CD S 1/16 4% 4 11/16 5 1/16 2 14/16 4* 4 9/16 4 15/16 Source: National Discount Co. Ltd.50 words
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Article114 1977-09-03 8 Euro rates LONDON, Frl. Eurodollar deposits were quietly steady, dealers said. Monday's US Labour Day holiday subdued Interest in periods and rates were virtually unchanged from overnight levels. Effectively the spot next dealing date for today Is the same as for yesterday so that most operators have already filled their114 words
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Article49 1977-09-03 8 RESULTB of tender held on Sept 2 for 01-day Treasury Mils to be Issued from Sept 5 to 9: Offered *20 000.000 Applied tor 652.500.000 Allotted (20 000.000 Accepted Bide: (M M approslmately 70S niftier bid* in full Average rate of dlacount on allotment 2 660* pa49 words
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Article168 1977-09-03 8 NEW YORK, Frl. The dollar yesterday closed mixed In a narrow range, with trading subdued ahead of the Labour Day holiday on Monday, dealers said. Although rates were fairly stable In the afternoon, the dollar acquired a weak undertone In the face of a fall In July construction168 words
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Article131 1977-09-03 8 LONDON, Fri. The dollar was mixed to slightly weaker against leading currencies In very quiet opening trading, influenced by the onset of the long North American holiday weekend, dealers said. Sterling came under a little early selling pressure around the U551.7422 level, compared with 1.7422/24 overnight, possibly refecting anxiety131 words
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Article87 1977-09-03 8 TOKYO, Frl. The large increase in Japanese August letter of credit exports prompted manufacturers and traders to sell forward dollars to cover export contracts. dealers said. Dealers said a widening Interest rate gap between the US and Japan may cause Japanese importers to buy more dollars to repay their87 words
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Article147 1977-09-03 8 HONGKONG, Frl. The US dollar eased slightly In quiet featureless trading to DM 2.3165/ 75 from Its New York midpoint close of DM 2.3180, dealers said. The US unit also eased to 267.80/ 90 yen from its New York midpoint close of 268.09 after reaching 268.30/ 40 and falling147 words
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Article50 1977-09-03 8 ZURICH exchanges closing quotes on Sept 1: US 2 3074-3802 UK 4.1760-17*5 Can 2 2330-2390 W 0*rm 103.33-40 Neth 97 92-09 Prance 4118 9? Belf 72-1/1-73-1/4 Denm 30 80-83 Norw 43 82-85 Swed 49 40-44 Italy 0.2717-2719 Austria 14 51-53 Port 5.93-97 Spain 2 .83-3/4-04-1/4 Arc 0.50-00 Japan 0J»-1/4-09-3/450 words
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Article58 1977-09-03 8 AUSTRALIA/ NZ exchanges on Sept 2: Australia Sterling .6370/ 8302 US dollar 1.1080/ 1.1012 Ninety-day air mall buying rater Sterling 8632 US dollar 1.1310. Ninety-day forward buying rate* Sterling 8338 US dollar 1 0052 New Zealand Sterling 0 5588/ 0 5537 U8 dollar 0 9748/ 0 9648 Ninety-day forward58 words
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Article380 1977-09-03 8 LONDON, Frl. Straight US dollar eurobonds extended recent gains by up to 1/4 point in quiet trading, following encouraging weekly US money supply data, dealers said. The advance was accentuated by a stock shortage. Mark Eurobonds held steady at lower levels following the recent technical reaction ahead of a380 words
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Page 8 Advertisements
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Advertisement166 1977-09-03 8 4SU®~ fl MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest'developments that have taken ploce in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is166 words
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TRANSPORT AND COMMUNICATIONS
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Article351 1977-09-03 9 UPI LONDON, Frl. Air travellers In and out of Britain face delays and cancelled flights indefinitely due to a walkout by 850 air traffic control clerks that they have now made openended. After 10 days of go-slow and a four-day strike limited to last weekend, theUPI - 351 words
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Article606 1977-09-03 9 ARRI VALS Service I 4cal Operator Number 1 From CAL CI333 0 040 TPE/HKG/KUL CPA CX003 0 145 HKG MAS MH682 0 B10 KCH CPA CX710 c 000 HLP CAL CI814 r 000 HLP GIA GA900 c 000 HLP GIA GA980 030 HLP THAI TG423 035 BKK606 words
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Article509 1977-09-03 9 DAVID HAWORTH - SOVIET UNDERCUTTING By DAVID HAWORTH OFNS AS THE Soviet Union's continued undercutting of freight rates hastens the decline of Eastern Europe's merchant marine fleets, the Common Market Is shaping up for a showdown. A confidential report being prepared by Commission officials will tell theOFNS - 509 words
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Article211 1977-09-03 9 AP LONDON, Frl. There was little new development In any section of the market which by and large remained somewhat subdued yesterday. The timecharter sector provided much of the Interest, producing well over half the total fixture Hit. Metrofln booked two loaders on time charter, one ofAP - 211 words
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Article39 1977-09-03 9 BOMBAY, FYI. Uoyd's shipping agents here report all loading and unloading at Bombay docks and in stream was suspended from late Wednesday. This was due to a strike by stevedores over the alleged withdrawal of additional increment.39 words
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Article, Illustration311 1977-09-03 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Altalr (2300) 33/34 Benmhor (0600 after Kostrena) 45 Bunga Mas (1400 subject free board) 19 Femandoeverett (1800) 35/38 Fujitsuki Maru (Tanker) (1000 after Palm Sea Horse subject gas free P/O) 13/14 Hoegh Opal (after Glenlyon) 47 Klmanls (2200 20 Loon Chong (3EFD) (0800311 words
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Article168 1977-09-03 9 SINOAPORE Islands Line Is locally registered. A specialised West Asian liner carrier. It operates two regular liner networks to and from Singapore. Local agents: Singapore Shipping Agencies. Trade: Singapore/West Asia. Ports of call: eastbound Dubai, Dammam, Bahrain and Bombay to Singapore and Bangkok. Westbound Bangkok, Singapore to168 words
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110 1977-09-03 9 Reuter LONDON, Fri. The number of tankers laid up worldwide on Aug 31 rose to 341 totalling 30.7 million long deadweight tons from 327 totalling 35 million dwt on July 29, London ship brokers, E.A. Gibson, said. Owners of a further eight tankers totalling 1.07 millionReuter - 110 words
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103 1977-09-03 9 Reuter LONDON, Frl. British Airways said yesterday 17 of Its 25-strong fleet of Trident three aircraft have now been grounded, 14 because of cracks in the wings. The other three have been found to be more seriously affected than at first believed, the state-owned airlineReuter - 103 words
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238 1977-09-03 9 AP MOSCOW, Frl. The Soviet Government, concerned about an Increase In traffic accidents, has begun a major safety campaign to clear Its streets, roads and highways of undisciplined pedestrians, a newspaper said yesterday. The Soviet plan does not Impose stiff fines forAP - 238 words
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82 1977-09-03 9 KUALA LUMPUR, Frt. The Penang Development Corporation has sponsored the formation of a transport company, Syarlkat Kenderaan Jaya Pulau Plnang, and ts actively looking/or suitable partners. The exact j>ercentage of Penang Development Corporation's equity will be negotiated with the other partners, according to Chief82 words
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Article105 1977-09-03 9 Reuter UNITED NATIONS. Frl. United Nations SecretaryGeneral Kurt Waldheim said yesterday that South Africa's decision to take over administration of the Sort of Walvis Bay from amibla (South-West Africa) was unfortunate when efforts were being made to resolve the entire Namlbian problem. South Africa announcedReuter - 105 words
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Advertisement1031 1977-09-03 9 China trade... a US$2O billion goldmine Here's how you can tap it In aseries of bold moves, China's new leadership has embarked on an ambitious economic development program aimed at accomplishing the modernization of the country's industry, agriculture, technology and national defence. According to senior officials interviewed in Peking, China1,031 words
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Article, Illustration816 1977-09-03 10 PETER DEELEY - AUSSIE POSTAL DISPUTE OFF By PETER DEELEY OFNS MELBOURNE: As an exercise in industrial brinkmanship, the Australian Government has achieved an overnight victory In its struggle against a spate of disruptive strikes. Within hours of the Introduction of what the union has< called draconlan, faselst lawsOFNS - 816 words
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Article, Illustration651 1977-09-03 10 PAUL LOONG - By PAUL LOONG UPI HONGKONG: The parents and five children of the Chan family live In an unpartltloned 11 sq. metre cubicle cluttered with their belongings on makeshift shelves and bunk beds. The home has no kitchen or washroom. Its walls are unpalntedUPI - 651 words
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Article, Illustration983 1977-09-03 10 Pharaohs, dynasties, revolutionary governments come and go, but bureaucrats are another matter. They have been running Egypt for 50 centuries. There are now about two million of them and most of them do nothing but obstruct, immovable as the pyramids. But President SadatFT - 983 words
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Article, Illustration1163 1977-09-03 10 FOX BUTTERFIELD - WORK OF NEW REGIME By FOX BUTTERFIELD NYT HONGKONG: Peking's new leaders have begun to reverse many of the late Mao Tse-tung's radical education reforms as part of a broad programme to improve the quality of China's schools and provide a basis for the country'sNYT - 1,163 words
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Page 10 Advertisements
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Advertisement202 1977-09-03 10 Give us a man for a monthwe'H give him a language for life infingua now the largest group of language schools in the world offers a range of intensive language courses specifically designed for the busy executives whose work and position require them to attain a high degree of proficiency202 words
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608 1977-09-03 11 Reuter MELBOURNE, Frl. Australia's most powerful trade union organisation has delivered an ultimatum to the government to hold a national referendum on uranium mining or face crippling union sanctions. The 18 man executive of the two-mllllon strong Australian Council of Trade Unions (ACTU)Reuter - 608 words
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427 1977-09-03 11 UPI SHIMODA Japan, Frl. North Korea Is In deep economic trouble and wants to open political dialogue and trade relations with the United States, according to a Japanese news commentator who visited Pyongyang In July. Mr. Aklra Ogawa of Japan Broadcasting Corp. (NHK) saidUPI - 427 words
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211 1977-09-03 11 AFP CAUX (Switzerland), Frl. A Japanese yesterday called for understanding of Japanese problems by Western nations and for a common effort to find solutions to shared problems. Mr. Shojl Takase, managing director for personnel relations In the Japanese electronics giant Toshiba, was speaking atAFP - 211 words
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Article159 1977-09-03 11 AFP TOKYO, Frl. Japanese industry plans to spend 8.220,000 million yen (5573.5 billion) on production expansion programmes In fiscal 1977, the Japan Development Bank reported. The figure, based on a survey conducted on Aug. 1 and covering some 1,900 firms, represented a 5.7 per cent riseAFP - 159 words
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314 1977-09-03 11 THE Singapore Portworkers' Union (SPWU) intends extending the scope of its membership to allow members' wives to become associate members. This Is one of a number of amendments to the union's constitution which will be proposed at its delegates conference, comprising the314 words
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Article71 1977-09-03 11 ELECTRICITY production In the first half-year amounted to 2,462 million KWH, which represents a growth of 11 per cent over the 1976 half-year, according to the Public Utilities Board. Sales were divided equally between low and high tension electricity but the bulk of usage was for Industrial71 words
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Article68 1977-09-03 11 DEPOSITS in the Post Office Savings Bank have grown 32 per cent in the first seven months of this year bringing the total to $1.32 billion, from less than $1 billion at the end of last year. The number of accounts has increased from 1.14 million68 words
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304 1977-09-03 11 AFP CANBERRA, Frl. The Australian postal dispute in the Sydney Mail Exchange which provoked the Fraser government's snti-strike legislation has returned to the boil. The legislation is in cold storage. It has not been proclaimed and therefore cannot be acted upon legally.AFP - 304 words
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133 1977-09-03 11 AFP TOKYO, Frl. Japanese support for Premier Takeo Fukuda's Cabinet stood at 31.9 per cent last month, passing the 30 per cent mark for the second month running, according to a JIJI press opinion poll. The figure, however, represented a 0.4 per cent dropAFP - 133 words
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Article163 1977-09-03 11 Reuter TOKYO, Frl. Japan's export letters of credit received in August rose 29.9 per cent to US$4.9l billion (559.26 billion) from $3.78 billion In August last year, the Finance Ministry said. The year-on-year growth rate was sharply higher \han the 10.1 per cent recorded InReuter - 163 words
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Article132 1977-09-03 11 AFP JAKARTA, Frl. More than US$3.B billion (559.31 billion) or about 40 per cent of the national budget will be saved annually If all Indonesians work honestly without resorting to corruption, Major Oeneral Slamet Danusudlrjo of the State Planning Agency said here today. Oen. Danusudlrjo,AFP - 132 words
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278 1977-09-03 11 Reuter NEW YORK, Frl. Lieutenant General Ibnu Sutowo, former head of the Indonesian jtate oil company, Pertamlna, has accepted a court Injunction barrlpg future violations of US securities law In connection with the sale of stock In an Indonesian restaurant here. Gen. Sutowo on AugReuter - 278 words
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409 1977-09-03 11 UPI TOKYO, Frl. Agri-culture-Forestry Minister Zenko Suzuki said today that It is unavoidable the stalemated sugar talks be brought to court If Australia persists on a fixed price under an extended contract starting In 1980. Mr. Suzuki was commenting on the Queensland stateUPI - 409 words
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288 1977-09-03 11 Reuter AFP TAIPEH, Frl. Business was sluggish for Taiwan In July but the economic situation should take a turn for the better In coming months, according to the government's Economle Planning Council. The council, quoted by the Central News Agency today, said in a surveyReuter; AFP - 288 words
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Article120 1977-09-03 11 Reuter TOKYO, Frl. Japan's seasonally-adjusted Ml money supply rose 1.2 per cent In July, after a 2.5 per cent rise In June, to show a year-on-year rise of 6.2 per cent (5.1 per cent In June), the Bank of Japan said. Seasonally-adjusted M 2 money supplyReuter - 120 words
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Article154 1977-09-03 11 THE National Trades Union Congress (NTUC) Is to hold a four-day seminar at the Conference Hall next month to examine the prospects and problems facing Singapore In the next decade. Entitled "Job Creation or Job Loss", the seminar will be attended by 600 union officials154 words
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Article47 1977-09-03 11 Reuter HONGKONG, Frl. The US and Taiwan are expected to start negotiating a new textile agreement in Washington on Nov. 14, the Central News Agency quoted official sources as saying. The agency, monitored here, said the current USTaiwan textile agreement expires at end-1977.Reuter - 47 words
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260 1977-09-03 11 AFP BANGKOK. Fri. Thai Premier Thanin Kralvichlen will seek an annual US$2OO million (Ss49o million) aid during his official visit to Japan next week, the Bangkok Post daily reported today. The paper quoting informed sources, said the aid would go towards the developmentAFP - 260 words
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Article67 1977-09-03 11 UPI TOKYO, Frl. Malaysian Prime Minister Datuk Hussein Onn will have an audience with Japan's Emperor Hlrohito and Empress Nagako and hold two rounds of talks with Prime Minister Takeo Fukuda during his visit to Japan from Sept. 18-23, the Foreign Ministry announced today. Datuk Hussein will beUPI - 67 words
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Page 11 Advertisements
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Advertisement226 1977-09-03 11 APPOINTMENTS A Leading Timber Trading Company in Singapore invites application for: MARKETING TTTFvTT 7 The Man we are looking for must have at least S years proven experience in the Marketing oi Sawn Timber locally and overseas. Knowledge of shipping procedures and the related documentation is essential. Applicants must be226 words
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Advertisement265 1977-09-03 11 ©THE SINGAPORE INSTITUTE OF MANAGEMENT n INVITES APPLICATIONS H H FOR THE APPOINTMENT OF II II EXECUTIVE lUI DIRECTOR The Executive Director reports to the Chairman of the SIM Governing Council. His responsibilities will include the administration and promotion of the institute as well as the identification of professional training265 words
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869 1977-09-03 12 Bonn pledge to boost AseanEEC ties Reuter AFP BONN, Frl. Foreign Minister Hans-Dietrich Genscher yesterday pledged West Germany would do Its utmost to ensure cooperation between the European Common Market and Asean member states. Speaking at a dinner given for Indonesian Foreign Minister Adam Malik, he said the efforts wouldReuter; AFP - 869 words
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438 1977-09-03 12 Reuter HONGKONG, Frl. Hutchison International Ltd and Hongkong and Whampoa Dock Co Ltd said they agreed on terms for their merger, through the establishment of Hutchison Whampoa Ltd. Hutchison Whampoa will be set up with an issued ordinary share capital of HK1402.72 (SS2OIReuter - 438 words
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Article814 1977-09-03 12 LONDON, Frl. The market closed firm around the day's highs In Increased trading, with sentiment encouraged by the UK official reserves figures for August and a report from the price commission showing a sharp slowdown In the UK Inflation rate, dealers said. Government stocks firmed up to 3/8814 words
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418 1977-09-03 12 THE Ministry of Finance has set aside $30 million for concessionary loans for manufacturers, who require low-sallnlty water for Industrial uses, to Install water treatment plants. .This government announcement Is opportune for the turn-on of KranjlPandan water to Industrial users, deferred since April, Is418 words
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116 1977-09-03 12 THE Inland Revenue Department collected $874 mllbon in the first half of the year, according to statistics released by the department. This represents a 6.4 per cent gain over the 1976 half. Most of the revenue was from Income tax ($6OB million), but property116 words
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372 1977-09-03 12 Reuter NEW YORK, Frl. Economists at Chut Econometrics believe the moat ncent set of economic statistics Indicates the US economy "is even farther •long the road to recession" than previously indicated. Chase Econometrics, in the current executive economic summary report, said their economists nowReuter - 372 words
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Article156 1977-09-03 12 SINGAPORE Imported 513.7 million worth of beef from New Zealand In the year to end June 1977, making It the fifth largest market for New Zealand beef In terms of value. According to the New Zealand Meat Producers Board, Singapore imports mainly top156 words
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401 1977-09-03 12 Reuter TOKYO, Frl. British and Japanese motor Industry leaders will meet here on Sept 6 for talks on curbing Japanese exports of commercial vehicles and vans, that have surged ahead since January. The one-day talks follow a strongly-worded request from the Society ofReuter - 401 words
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295 1977-09-03 12 THE Singapore Airlines (SIA) group has planned projects worth $150 million for the new Changl International Airport. These projects represent about 15 per cent of the total value of Jobs being handled by the Government. They will occupy a building area295 words
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174 1977-09-03 12 THE Chinese Chamber of Commerce and Industry has appealed to the government to reconsider Its rejection to the Chamber's proposal to build a 21-storey building In Telok Ayer Street The appeal was filed at the Ministry of National Development last week by four174 words
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517 1977-09-03 12 THE RECEIVERS of Oberoi Imperial Hotel yesterday denied that they have decided on the buyer for the hotel. According to a spokesman for Turquand Youngs, the receivers, they are still evaluating tenders. However, It Is understood that Turquand had planned a press conference for517 words
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405 1977-09-03 12 PARLIAMENT A BILL to encourage the development of cooperatives and educational activities In the trade union movements was passed through all stages yesterday. Called the Singapore Labour Foundation Bill, It seeks to develop trade union activities In the social, economic and405 words
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174 1977-09-03 12 THE government is giving superscale officers the full 6 per cent wage Increase as recommended by the National Wages Council because it wants to retain these senior officers m the service. This explanation was given by the National Development and174 words
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Article88 1977-09-03 12 WORK on the first runway at Changl Airport is ahead of schedule and the whole runway should be completed by December 1979. according to the National Development and Communications Minister, Mr. Lim Kim San. Reclamation of land for the second runway started in May 1976 is88 words
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Article68 1977-09-03 12 MR O Raman is still under detention for further Interrogation since he has retracted a portion of his testimony relating to the treatment of an Injured terrorist by Dr. Poh Soo Kal in Johore. This was announced by the Home Affairs and Education Minister. Mr. Chua Slan Chin68 words
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Article281 1977-09-03 12 MR. Llm Kim San, the National Development and Communications Minister, yesterday said that the Government has no Intention of requiring employers to deduct income tax payable from all salaries because It Is not necessary and because It would generate more work for the employer and281 words
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Article219 1977-09-03 12 FIVE bills were Introduced yesterday. They were the Singapore Sports Council (Amendment) Bill, the Road Traffic (Amendment) Bill, the Professional Engineers (Amendment) Bill, the Misuse of Drugs (Amendment) BUI, and the Immigration (Amendment) Bill. Another bill, the Singapore Red Cross Society (Incorporation) (Amendment) Bill, was read219 words
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Article152 1977-09-03 12 THE group of islands situated Immediately to the south of Jurong Industrial Estate have been earmarked for Industrial development, particularly for petrochemical and related Industries. Those islands south of Pulau Bukom, with the exception of Pulau Hantu Besar and Pulau Jong, will also be used for industrial development.152 words
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Advertisement73 1977-09-03 12 |Bfi! Sembawang Shipyard Limited (Incorporated in the Republic of Singapore) INTERIM RESULTS 1977 The Directormof Sembawang Shipyard Limited announce the unaudited trading results of the Company for the first six months of 1977. FIRST HALF (January June) 1977 1976 Turnover 58,624,000 51,010,000 Profit below Tax 13,328,000 9,414,000 Barring unforseen circumstances,the73 words
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