The Business Times, 6 September 1977
1977-09-06
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The Business Times
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Title Section10 1977-09-06 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, SEPTEMBER 6, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article74 1977-09-06 1 AFP PARIS, Mon. The French Communist Party confirmed today that It wants 1,450 firms nationalised If the parties of the Left win the March 1978 general election. Through Its newspaper L'Humanite, the party stressed that It wanted to nationalise subsidiaries as well as parent companies. Banking andAFP - 74 words
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Article68 1977-09-06 1 AFP TOKYO, Mon. General Telephone and Electronics Corp. of the US (OT and E) today applied for its delisting from the Tokyo Stock Exchange because of its sagging popularity. GT and E was first listed In the foreign issue section of the market in DecemberAFP - 68 words
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Article60 1977-09-06 1 Reuter TOKYO, Mon. Japan, Sweden, Norway and Finland today agreed in principle to promote fresh multilateral talks to reduce tariff and nontariff barriers under the General Agreements on Tariffs and Trade (Gatt), the Foreign Ministry said. Both sides also agreed during one-day talks here to cooperateReuter - 60 words
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Article74 1977-09-06 1 AP BOSTON, Mon. South Korean businessman Tongsun Park and his companies allegedly received US$7.6 million (5518.6 million) in five years from a rice speculator accused of receiving windfall profits from the federal Food for Peace Programme, the Boston Herald American reported. The speculator, identified as the Connell RiceAP - 74 words
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Article72 1977-09-06 1 Reuter KUWAIT, Mon. Arab countries produced one third of the world's oil last year, according to a report published here. The annual statistical report of the Organisation of Arab Petroleum Exporting Countries (Oapec) said its 10-member states produced an average of 19.1 million barrels of crudeReuter - 72 words
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Article90 1977-09-06 1 Reuter LONDON, Mon. Chances of an early end to a strike by air traffic control assistants which has crippled flights to and from Britain today hung on the outcome of a trade union conference, aviation industry sources said. They said all sides in the dispute appeared to beReuter - 90 words
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Chief Price Changes
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Article, Illustration175 1977-09-06 1 EASIER conditions persisted in very quiet trading on the Stock Exchange of Singapore yesterday. Losses outnumbered gains three to one mainly on stale bull liquidation and profit-taking. However, due to a six-cent gain by Sime Darby, the Business Times index rose 2.45 points to 430.30 and the175 words
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Article101 1977-09-06 1 Falls Most active Tongkah 2.56 -.36 Olympla 180 -.22 Berjuntal 7.00 -.15 P Bank 2 43 -.09 UenHoe 2.18 -.08 S. Lumber 1.14 -.07 O. Lumber 0.94 -.06 T'gganuDev 1.25 -.06 S P. Text 1.24 -.06 Dutch Baby 1.32 -.06 Rises Malayan 13.20+20 NewSdah 3.64 +.14 LoyTape101 words
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Article1200 1977-09-06 1 QUEK PECK LIM - FEWER CREATED IN NEW SET-UPS By QUEK PECK LIM BUSINESSES folded up at such a speed In Singapore In the first six months of this year that the number of new firms starting for business could not catch up with them. As a result there1,200 words
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679 1977-09-06 1 ASEAN Insurance Commissioners which began their three-day meeting here yesterday, are now taking a long, hard look at six possible areas of cooperation In the Industry. Meeting behind closed doors at the Shangri-La Hotel, 18 Insurance experts from the five Asean nations are probing679 words
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Article339 1977-09-06 1 THE Ase&n dlesel engine project alloted to Singapore will cost between *50 and $100 million depending on what infrastructure costs are Included In It, Mr. Hon Sul Sen, the Finance Minister, said yesterday. Speaking on his return from the Asean economic ministers' meeting In Pattaya, Mr. Hon339 words
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309 1977-09-06 1 INVITATIONAL telexes were sent out yesterday to participants of Singapore's first foreign convertible bond issue. DBS-Daiwa Securities International announced that the Japanese Sumitomo Electric Industries will issue a US$2O million convertible bond, which will be offered on Sept 14 to the European and Asian dollar309 words
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Article, Illustration598 1977-09-06 1 SHAREHOLDERS of Imperial Securities International will not receive a cent out of the $37 .5 million that the company will be receiving from the sale of Its main asset, the 560-room Oberol Imperial Hotel. Even the main creditors may not pet back everything598 words
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Page 1 Advertisements
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Advertisement60 1977-09-06 1 @W)yfbong hand when Wayfoong Mortgage you need and Finance (Singapore) Limited it ITIOSt Shaw House. Ground Floor. 354 Orchard Road. Singapore 9. l ei: *****7. Oveneu News/TV Locai Stocks —Pf Radio PI Overteu Stocks —P7 Oversea. New./ Commodity -P8 Crosswords PS C ol municstions Pf Local Co. Nows —P4 Features60 words
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Advertisement173 1977-09-06 1 U-BIX COMPLETE COPYING SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE Tel *****2 (5 Lines I APS ELECTRONICS (M) SDN BHD KUALA LUMPUR Tel *****'*****/***** f IMMEDIATE OCCUPATION in Singapore's foremost office buildings Chulia Street Prestige building with excellent riverside and sea views. Tenancy areas from approx. 85 sq.m. to 965 sq.m./floor173 words
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OVERSEAS
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532 1977-09-06 2 Reuter AP LEIPZIG (East Germany), Mon. The Leipzig fair, Europe's biggest market place for East-West trade, opened yesterday with promises from the East German leadership of more action in turning business talk Into business deals. The pledges came from CommunistReuter; AP - 532 words
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519 1977-09-06 2 NYT NEW YORK, Mon. A mammoth private lawsuit In Chicago may result In a payment of a record sum to Seattle anti-trust plaintiffs. With such large stakes Involved, the litigation which centres on anti-trust charges In the foldingcarton Industry Is hardly proceeding apace.NYT - 519 words
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Article107 1977-09-06 2 AFP MOSCOW, Mon. Raising the material and cultural life style of the Soviet people remains a key long-term objective In the USSR 60 years after the revolution, the party newspaper Pravda said today in a review of progress over six decades. It noted that the SovietAFP - 107 words
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297 1977-09-06 2 NYT NEW YORK, Mon. The current worldwide glut of crude oil, especially of heavy grades of crude, is leading to some price slippage. Petroleum Intelligence W> «kly, an industry newslel er, has reported that Ki wait is now offering a discount of USIONYT - 297 words
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Article145 1977-09-06 2 Reuter TEHERAN, Mon. Economy and Finance Minister Houshang Ansarl files to New Delhi tomorrow night for high-level talks with Indian leaders under the framework of a Joint ministerial economic commission. A protocol will be signed at the end of the three-day talks on Friday, anReuter - 145 words
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913 1977-09-06 2 NYT WASHINGTON, Mon. North of the Canadian provinces that line the border with the United States lies the huge undeveloped expanse of the Yukon and Northwest Territories, stretching from Alaska to Greenland. Within this 3.9 million sa km area are scarcely a dozen substantialNYT - 913 words
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Article453 1977-09-06 2 NYT NEW YORK, Mon. A major break In US steel pricing appears to have developed with a decision Dy the Armco Steel Corp., the nations fifth-largest producer, not to go along with yesterday's six per cent price Increase for structural products, thus keeping itsNYT - 453 words
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Article252 1977-09-06 2 Reuter TOKYO, Mon. World Health Organisation director-general, Dr Halden Mahler, today criticised rich nations for paying too much attention to energy and economic Issues, while virtually ignoring the problems of developing countries. He was speaking at a press conference here on the eve of aReuter - 252 words
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220 1977-09-06 2 AFP CANBERRA, Mon. Australian postal management has compromised with mail supporters at the Red fern Mall Exchange In Sydney today. The Sydney postal workers have dropped their threatened one-day stoppage. despite the Fraser government's antl-strlke legislation, because the management has decided to restore theAFP - 220 words
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Article106 1977-09-06 2 UPI TOKYO, Mon. Japanese and British car makers will hold a meeting here tomorrow to taik over Japan's motor vehicle exports to Britain and related Issues, the Japan Automobile Manufacturers Association said today. Association officials said Mr. EIJI Toyoda, president of Toyota Motor Co., and other high carUPI - 106 words
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Article185 1977-09-06 2 AP WELLINGTON, Mon. A strong hint that New Zealand would declare a 320 km economic zone from Oct 1 was given today by Prime Minister Robert Muldoon. He told a press conference that although no decision has been made there are advantages in declaringAP - 185 words
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397 1977-09-06 2 AP LOS ANGELES, Mon. Foreign car sales have climbed In California since President Carter's energy talk last April, with Japan s Toyota now the top-selling car in the six-county Metropolitan Los Angeles area, industry officials say. "That an import could become numberAP - 397 words
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198 1977-09-06 2 AFP WASHINGTON, Mon. The long-standing conflict between the American trade union movement and the J.P. Stevens Textile group has been taken Into the international arena by the main US unions in this Industrial sector. A meeting of union officials in countries where StevensAFP - 198 words
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Article56 1977-09-06 2 AFP WASHINGTON, Mon. The US Government Is tightening its rules on exporting computers to "allied" countries that could be resold to communist countries. Defence Secretary Harold Brown issued recommendations to this effect, saying the purpose was to prevent lilgh technology items fall-, ling into the hands of potentialAFP - 56 words
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343 1977-09-06 3 Reuter PARIS, Mon. Canada should maintain a relatively strict economic policy, although unemployment this year will probably rise to about 8 per cent, the Organisation for Economic Cooperation and Development (OECD) said. In Its annual report on Canada, It asks the Canadian government toReuter - 343 words
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Article188 1977-09-06 3 Reuter BLACKPOOL, Mon. The British government hopes that this week's annual Trades Union Congress (TUC) might give decisive support to the official Incomes policy which receded when the coal miners union decided to oppose the 12month rule for wage settlement, union sources said. However, with theReuter - 188 words
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885 1977-09-06 3 AP WASHINGTON, Mon. President Carter's economic game plan, designed to slash unemployment and inflation and balande the US federal budget by 1981, Is showing signs of cracking. With unemployment rising and consumer spending slowing, the White House has already acknowledged that theAP - 885 words
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Article129 1977-09-06 3 Reuter WASHINGTON, Mon. US Labour Secretary Ray Marshall said the unemployment rate, which rote to 7.1 per cent in August from 6.9 in July, had reached its peak. "Unemployment will not continue to rise. It will stay pretty close to where it is and gradually decline in theReuter - 129 words
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Article295 1977-09-06 3 AP NEW YORK, Mon. The top executives of two of the world's largest corporations said yesterday that the US Government could Invigorate the economy with tax reforms and incentives and, in the case of the steel industry, easing the cost of meeting environmental requirements.AP - 295 words
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Article, Illustration670 1977-09-06 3 NYT MONTE CARLO, Mon. It began as a De Gaulle effort to Increase French Influence and prestige In West Asia. But now, thanks to the oil-price explosion, the French may soon have a money-maker as well. For the French Government todayNYT - 670 words
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329 1977-09-06 3 Reuter NEW YORK, Mon. A difficult task lies ahead for the Federal Reserve Board's monetary policy in view of persistent worries about money supply growth as well as the economic situation and outlook, Wall Street analysts said. As for money supply, growth ofReuter - 329 words
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692 1977-09-06 3 NYT WASHINGTON. Mon. Though no final decisions have been taken, It looks more and more as If President Carter will propose a dollar ceiling on the deductibility of the expense account lunch. This Is Just one way fringe benefits may be altered byNYT - 692 words
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Article168 1977-09-06 3 Reuter FRANKFURT, Mon. The gold price looks remarkably stable at present but could firm If there Is a price rise at the forthcoming 13th International Monetary Fund auction, the Degussa precious metals and trading group said In Its latest market report. The metal currentlyReuter - 168 words
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Article61 1977-09-06 3 Reuter GENEVA, Mon. The fifth full session of the United Nations Conference on Trade and Development (Unctad) will be held in Manila from May 7 to June 1, 1979, Unctad's executive board said. The conference agenda will be fixed after results are known of current negotiationsReuter - 61 words
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Page 2 Advertisements
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Advertisement296 1977-09-06 2 ycu Air 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 A Rewarding Event for Business Personnel in Industry, Retailing, Wholesaling, Commerce 165 DISPLAYS... of equipment and systems for data processing, copying, word processing, mailing, calculating,296 words
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Page 2 Miscellaneous
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Miscellaneous349 1977-09-06 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on Sept. 5 at Singapore airport. Maximum Temperature 30.9° C Associated Humidity 66 Minimum Temperature 24.2° C Associated Humidity 99 Hours of Sunshine 5.00 Rainfall in Millimeters 0.5 Total Rainfall for the Month 0.5 Total Rainy Days for the349 words
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Page 3 Advertisements
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Advertisement105 1977-09-06 3 I t. 1 L I fc. VEC System 100 HIGH QUALITY LOW COST EASY OPERATIOHS VISIT US AT OUR BOOTH No. 321 >do£*77 I >«SMN BUSINESS EXPO i V-CC REGIOHAL SUPPORT .•||KtS 2001, The Tower, DBS Bldg., Shenton Way, Singapore, 1. Intelligent temfinal N6300 model 50. Telephone: *****06. o'"n; A105 words
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Page 3 Miscellaneous
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Miscellaneous448 1977-09-06 3 TWO-IN-ONE CROSSWORD Ktmr sm^mrx CRYPTIC PUZZLE ACROSS 1 Low-priced, like many a Jalopy (5) 6 Tint the hair with water? (5) 9 Sporty neckwear? (3-4) 10 Contractor's piece of ground (5) 11 Philosopher involved In a plot (5) 12 Letter-perfect, we hear. In a commonplace way (5) 13 No sweet,448 words
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COMPANY NEWS
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885 1977-09-06 4 A REPEAT of the record group pre-tax profit of M 523.41 million achieved by North Borneo Timbers In the year ended May 31, 1977 Is almost certainly not on the cards In the current year. However, It would be safe to assume885 words
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LATEST RESULTS
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Article63 1977-09-06 4 Unaudited group pre-tax profit $6.86 million ($5.45 million) for the six months ended June 30,1977. Turnover $66.04 million ($58.21 million). Group profit included $895,000 (nil) refund of property tax paid in prior years. Company pre-tax profit $4.90 million ($1.64 million) on turnover of $31.89 million ($26.85 million).63 words
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Article345 1977-09-06 4 Current payment Ex Date Dale payable Total Ibr the year Total for pt* »to»i* ym Selangor Dredging Berjaya Kawat I'ul Malacca Srlanfor Properties Alexandra Holding* C. Sugar* International Wood Pahang Consolidated Keck Seng Yeo HiapSeng(M) Bent* Ayer Hitam Tin Seacorp Kent pa* Taiping Con N.B. Timbers Apollo Tronoh345 words
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COMPANY MEETINGS
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Article25 1977-09-06 4 THE following company meetings are due: Sept. 17, 12 noon at the Gardenia Room Shangri-La Hotel, 22 Orange Grove Road, Singapore 10.25 words
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Article18 1977-09-06 4 Sept. 17 at 15th Floor, Rooms 1511/1512, Shing Kwan House, 4 Shenton Way, Singapore 1.18 words
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Article11 1977-09-06 4 Sept. 19 at the Registered Office, Batu Tlga, Selangor.11 words
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Article17 1977-09-06 4 Sept 20 at the Cempaka Room, Hotel Equatorial, Jalan Sultan Ismail, Kuala Lumpur, Malaysia.17 words
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Article23 1977-09-06 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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Article23 1977-09-06 4 Sept 21 at 11.00 a.m. at the Registered Office, 12th Floor, Yee Seng Building, Jalan Raja Chulan Kuala Lumpur.23 words
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18 1977-09-06 4 Sept 29 at 11.00 a.m. at Ban Hln Lee Bank Chambers, Beach Street. Penang.18 words
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Article19 1977-09-06 4 Sept 29 at 10.30 a.m. at Ban Hln Lee Bank Chambers, Ist floor, Beach Street, Penang.19 words
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Article90 1977-09-06 4 THE Straits Group has appointed Mr. Herbert Kaiser as managing director of Straits Properties division and Mr. Winston Wong Teng Kay as graip treasurer. Mr. Kaiser succeeded Mr. Paul B. Chaston who will be returning to the UK for family reasons. Mr. Kaiser will retain his current90 words
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169 1977-09-06 4 Reuter TOKYO, Mon. Dow Chemical Is still Inspecting several sites In Japan for a caustic soda factory, Its wholly-owned subsidiary Dow ChemicakJapan said. The company was commenting on a report In the financial dally Nlhon Kelzal that it has begun negotiations with the NagasakiReuter - 169 words
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1054 1977-09-06 4 AS ITS 82.7 per cent owned subsidiary Hume Industries (Malaysia) Indicated a better-than-expected second half-year performance helped Hume Industries (Far East) report a lower rate of decline In group pre-tax profit for 1976/77. Grdup pre-tax profit fell by 40.1 per cent to <9.681,054 words
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555 1977-09-06 4 HIGHER overseas sales and hedging operations In the forward export markets enabled Central Sugars to achieve the 100 per cent rise In group pre-tax profit to M 510.67 million for the year ended June 30, 1977. After tax of $5.19 million up from $2.15555 words
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1148 1977-09-06 4 FT SYDNEY: The Australian banking system has been operating under a tight monetary rein for the past 12 months. The clamps, Including curbs on lending and freezing of bank funds, were Imposed because of government concern at the high Inflation rate, and the fearFT - 1,148 words
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Page 4 Advertisements
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Advertisement328 1977-09-06 4 The first new idea in encyclopaedias in over 200 year- Britannka 3 Britannica 3 does what no other encyclopaedia has ever done before: It serves the three basic needs of users in three distinct ways. That's what makes it the most useable reference work ever developed. That's why Britannica 3328 words
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INTERNATIONAL COMPANY NEWS
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179 1977-09-06 5 ASIAN COMPANIES MELBOURNE, Mon. Carlton and United Breweries said It achieved a 13 per cent Increase In operating earnings for the year ended June 30, 1977 and that It will make a two-for-10 scrip Issue of $1 par shares to shareholders registered by Sept179 words
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Article42 1977-09-06 5 SYDNEY, Mon. Bradmlll Industries reported that unaudited consolidated net operating profit fell to A 53.82 million on sales of $133.52 million for the year ended June 30, 1977 from a profit of $4.32 million on sales of $121 39 million previously.42 words
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617 1977-09-06 5 Reuter HONGKONG, Mon. Hutchison International chief executive Bill Wyllle said the forecast of group 1977 net profit of HK$l3B million before extraordinary Items comprises almost entirely recurrent operating earnings. He said in a telephone Interview that share dealing profits accounted for only a very smallReuter - 617 words
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773 1977-09-06 5 FT SYDNEY, Mon. A bitter confrontation has erupted over plans of the UK controlled George Weston Foods to ftcqulre a controlling Interest In the large Australian food group. Provincial Traders Holdings. Weston, which Is 80 per cent owned by Associated British Foods, announcedFT - 773 words
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420 1977-09-06 5 FT LONDON. Mon. The whisky market In Japan can be expected to grow by around 15 per cent, a year for at least the next five years, said Mr. Kelzo Sajl, chairman of the board and president of Suntory, the major,FT - 420 words
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Article53 1977-09-06 5 Reuter MELBOURNE, Mon. Unaudited consolidated net operating profit at Australian Motor Industries Increased to $5.74 million for the year ended June 30. 1977 from *4.96 million previously. The 16 per cent rise in earnings was achieved on sales of $252.12 million, up 30 per cent from $193.12 millionReuter - 53 words
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1102 1977-09-06 5 NYT NEW YORK: Retail sales, which represent about a third of the nation's gross national product, are proving puzzling, if not enigmatic, for those trvlng to discern a clear trend fine. Even those who say retail sales are no enigma to them cannotNYT - 1,102 words
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506 1977-09-06 5 EUROPEAN COMPANIES FT STOCKHOLM, Mon. Saleninvest, the Swedish shipping group, reports a loss of 78 million kroner for the first half of 1977 and forecasts a continued depression in the second half. Turnover was marginally higher at 105 billion kroner. The group's progressive profitFT - 506 words
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399 1977-09-06 5 FT ROME, Mon. There is growing speculation here that Saudi Arabian Interests are behind the sale of the Italian statecontrolled civil engineering company, Condotte d'Acqua, to so-far-unnamed buyers. The sale of Condotte d'Acqua in effect represents an unprecedented example of the transfer of aFT - 399 words
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164 1977-09-06 5 Reuter DUESSELDORF, Mon. Mannesmann AO said Its group earnings In the first half of this year were lower than In the same 1976 period but remained on the whole adequate. In Its works magazine the company said profits were hit particularly by lower deliveriesReuter - 164 words
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62 1977-09-06 5 Reuter OBERHAUSEN, Mon. Deutsche Babcock AO said Its Hamburg unit Extraktlonstechnlk Oasellschaft Fuer Anlagenbau MBH received a turnkey order from the Philippines worth more than DM36 million for the construction there of two copra processing plants. Each plant will have a processing capacity ofReuter - 62 words
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703 1977-09-06 5 NYT LONDON: A British accounting group Is rushing to produce guidelines under which companies here would, for the first time, provide inflation adjustments for their financial statements on a coordinated basis. The project follows a sharp setback to Inflation accounting that came in July whenNYT - 703 words
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545 1977-09-06 5 NYT NEW YORK While many would agree that the Job of running a large city Is enough to drive one crazy, the notion that the pressures could make the nation's mayors and city managers seek professional help might be going too far. Yet there areNYT - 545 words
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Page 5 Advertisements
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Advertisement149 1977-09-06 5 ANL The Australian National Line ✓hfe i w A ANNOUNCING A NEW SERVICE TO AUSTRALIA The Australian National Line, the largest shipping organisation in Australia, announces a new service between Australia and South East Asia. With the maiden voyage of "ANRO AUSTRALIA" in October 1977, the ANL will introduce a149 words
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Article2433 1977-09-06 6 (jr's Gr't Net 1977 Low Company Lad div Div y'ld P/E Vol cooo) Day High Sale +or- c'vr High Low SECTION ONE INDUSTRIALS 154 136 Ac ma 142 unch 12. ON 1.8 8.4 6.6 20 142 p 142 204 172 Alcom 172 10.0 0.5 5.8 27.7 1162,433 words
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Article1334 1977-09-06 6 SECTION ONI INDUSTRIALS Acma (1.418 1428) (20) 1.42 Alcoa (1.728) Allied Choc (1.O0B)(7) 1.12(1) 1.11 (1) 1.10 (1) 1.00 SETT (1.00B) (1) 1.13 Ben (0.658 0 668) (2)0.65 XRI Bouatend (IMB 1.888) (7) 185 Boaatenrfco (1.548 1 558) CAC (2.178 2.188) (1) 2.18 (8) 2.17 SETT (1.1981,334 words
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Article1661 1977-09-06 6 BID and offer price* officially bster* and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS Ajineimt* (2 058 2.128). Almm <1 896). All*. M*M (0.908), XD1,661 words
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Article48 1977-09-06 6 BTRIKING pricea of the atock optiona officially liated on the Stock Exchange of Singapore, the perioda, bid and offer prioea and buainaaa done yeatarday. with the number of optioaa traded ahown in bracheto. Inchcape (Dec $2.40) (0.08B). (March $2.40) (0.18B) (1) 0.20. UOB (March $3.20) (0.15B).48 words
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Article154 1977-09-06 6 SINGAPORE UNIT TRUST INCOME BOND UNIT iNuiim' price far Sept ICamM pi rises) The Commerce INCOME BOND 1.07 l.M 1.73 1 85 The Saving Fund 1.02 i.oa MARA BUMIPUTRA FUND S port Prof Fund 0.S7 0 92 (Mu«|n prion far Sspt 8) S pore Security Fund S pore154 words
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Article159 1977-09-06 6 B O T 8 1/2* 1981 (100,000) (103*B 104S) B O T 7 S/8% 1964 (100,000) (99>48 99*S) LTCB J 1982 (100,000)(98*B 98*8) Credit Lyonnaia Floating 1983 (100,000) (98*B 98SS) DBS Convert* 6 1/2% 1991 (100,000) (97%8 98*8) D B S 8 1/2% 1962 (100.000) (101HB 102*S) E159 words
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Article150 1977-09-06 6 Rep Spore D Mark 7* 1982 (100,000) (1018 101*S) Rep Spore C 1/2% ltB3 (100,000) (99\8 100HS) Rep Spore 7 3/4% 1»87 (100,000) (100\B 101 *8) 5 1/2% 1/12/77 (250,000) (100.478 100.578) 5% T F 1/3/78 (250,000) (101.508 101.665) 5 1/2% 1/4/78 <250,000) (101.068 101.21S) 5 1/2% 15/4/78150 words
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Page 6 Advertisements
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Advertisement177 1977-09-06 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 who177 words
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Article, Illustration587 1977-09-06 7 EASIER conditions per* aistad in vbry quiet trading on tho Stock Exchange of Singapore yesterday. Losses outnumbered gains three to one mainly on stale bull liquidation and profit-taking. The market appeared to be still labouring under some strain arising from the weight of scrip deliveries against last587 words
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Article434 1977-09-06 7 PROFIT-TAKING and stale bull liquidation continued to hold sway on market sentiment on the Kuala Lumpur Stock Exchange. yesterday. Trading was quiet for most part of the day with Investors generally cautious and withdrawn, perhaps prompted by the easier trend that prevailed during the greater part of last434 words
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884 1977-09-06 7 KENNETH WHITING - By KENNETH WHITING AP JAKARTA: The action Is anything but fast and furious on the newly reorganised stock exchange here. Only one company was listed when President Suharto opened the revamped market on Auk iO. After an initial flurry, trading In P.T.AP - 884 words
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INTERNATIONAL STOCK MARKETS
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Article408 1977-09-06 7 HONOKONO: The market closed easier after a firm opening In moderately active trading on Monday, dealers said. The Hang Seng Index dropped 1.45 points to close at 433.73. Hutchison and Hong Kong Dock, which resumed trading following publication of terms for their merger after a fourweek suspension, were actively408 words
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Article499 1977-09-06 7 TOKYO: Share prices on Monday rose sharply to the highest level since January 1973 following the reflatlonary package announced on Saturday and the cut In the Bank of Japan's official discount rate, dealers said. The Dow Jones average rose 36.24 to close at 5.287.85, with volume 260 million shares.499 words
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Article411 1977-09-06 7 SYDNEY: The market closed with oils mixed, uraniums lower and banks higher on Monday, dealers said. The Sydney All-Ordinaries Index rose 0.84 points to close at 431.76. Santos fell 30 cents to A 52.45, V tineas four to $38 and Woodside two to 173 while Ottor Exploration and Anspol411 words
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Article165 1977-09-06 7 MANILA: The market closed firmer on Monday, with all sector averages advancing on higher turnover, dealers said. Turnover rose to 4.85 million pesos from Friday's 4.35 million. Atlas and Lepanto led min'ng Issues, gaining three points each, while Philex rose one point. In oils. Oriental and Phil Overseas were165 words
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Article103 1977-09-06 7 SEPT 06 Bahts Asia Fibre 187 -6 Bangkok Bank 397 uneh Bangkok Invest. 280 •2 Bangkok-Metro-politan Bank Bata 685 -IS Berll Jucker 440 -t Charoonf Thai Wire 178 •2 Dumex Dustt Thanl 230 ruber Merlin First Trust 182S -3 Indo-Thal Industrial Finance Corp 1295 J And J Ho 276103 words
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Article, Illustration461 1977-09-06 7 JOHANNESBURG STOCK MART Economist JOHANNESBURG: The Johannesburg stock exchange has surged ahead In the past six weeks, with the Rand Dally Mall Industrial Index reaching its highest level since August, 1978. Chartists say It Is good for another 10-20 points before It needs to consolidate.Economist - 461 words
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936 1977-09-06 7 JUDITH MILLER - Better investment safeguards on the way By JUDITH MILLER NYT WASHINGTON: Federal regulation of municipal securities is an Idea that has been patiently awaiting its time. Now, thanks to New York City's fiscal crisis and the Securities and Exchange Commission's report on the narrowly avoided bankruptcy, many proponents of IncreasedNYT - 936 words
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Page 7 Advertisements
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Advertisement503 1977-09-06 7 BUSINESS TIMES Airline Directory AmHot Soviet AirtinM 110-112 Show Centra, Orchard Rood, Singapore 9 (Tol: 377.111) Air Coy lon 302-B, 3rd Floor, Marina Howm Shonton Way, Singapore (1) (Tol: *****00) Air Franco Ground. Floor, ICS Building, Shonton Way Singapore 1 (Tol: *****11) 16th Floor, UIC Building, Shonton Way, Singapore 1503 words
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COMMODITY REPORTS AND PRICES
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Article309 1977-09-06 8 ON THE Singapore rubber market yesterday, opening Suotatlons were marked own one cent on lack of follow-through from London to the rise here last Friday, after which very quiet and slightly easier conditions persisted, dealers said. Past midday, however, prices recovered on demand for October/309 words
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Article28 1977-09-06 8 Rubber: Sept 5 Singapore: September 208.50 cent* (down 0.25 cent) Malaysia: September 209.50 cents (unchanged) Tin: $1,591 (down $19) Official offering: 195 tonne* (up 5 tonnes).28 words
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Article368 1977-09-06 8 Prices in cent* per kilo yesterday: Noon (per kilo) ClOM (per kilo) Buyers Sellers Buyers Sellers Int 1 R S S prompt f.o.b. Int. 1 R S 8. September Int. 1 R S.S. October Int 2 R.S.S. UK/Cont. Int. 3R.S.S. UK/Cont. Int.4R.8.S UK/Cont Int. 5 R S.S. UK/Cont.368 words
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Article116 1977-09-06 8 NOON SSR and SMR prices yesterday: Soptn nber October R.A.S. (CurraatMlh) (F« irwartMth) Buyer* Seller. Buyer* Seller* (cenUp •rk«) (o muperkf) SSR 20 (1-ton pallet) 198 50 201 SON 200 00 202 OON SSR SO (1-ton pallet) 197.00 199 OON 197 50 199 50N MRELB SMR5CV (1-ton116 words
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Article183 1977-09-06 8 LONDON, Mon. Coffee opened about steady, £15 to £33 lower in light turnover of only 116 contracts. The easier prices were expected following the late fall in New York from initial rises there. Some long liquidation was noted as the fears of frost In Bracillan coffee areas over the183 words
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Article123 1977-09-06 8 LONDON, Mon. Terminal was extremely quiet In early dealings and finished a short firm call £9 lower (spot September at £2,820) to unchanged. Futures finished a quiet morning of 815 lots showing losses from Friday of £44 (spot September at £2,785) to £2.50 per tonne, having declined from reasonably123 words
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Article99 1977-09-06 8 LONDON, Mon. Terminal sugar finished the first call £0.20 higher to £0.45 lower, fractionally up from Friday's kerb levels. The market later tended to drift In quiet open trading, reflecting lack of fresh feature, dealers said. They said today's New York holiday is expected to be a further quietening99 words
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Article, Illustration1370 1977-09-06 8 LONDON: How much further can copper prices sink? When Is the present glut of supplies likely to disappear and be replaced by a shortage situation? These are fundamental questions that have been worrying producers, consumers, Investors and speculators for some time.1,370 words
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Article335 1977-09-06 8 PRODUCE dealers In Singapore yesterday experienced another dull period of trading with prices moving on an easier bias. Higher crop production estimates for most of the commodities drew forth many sellers In the local market with buyers generally withdrawn or quoting at unrealistically low levels. As was the335 words
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Article203 1977-09-06 8 BANGKOK, Mon. Indicative prices quoted here today were: -(Price* tn US dollars per tonne fob basis Bangkok) Whit* Rim: 100 pet Ist class 306. 100 pet 2nd 292 100 pet 3rd 288 5 pet 277. 10 pet 255 IS pet 232. 20 pet 24#. 25 pet 240. 35 pel203 words
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Article117 1977-09-06 8 HONGKONG, Mon. The cotton futures market closed firmer In dull trading, closely in line with the Friday trend In New York, dealers said. Traders were reluctant to enter the market ahead of tonight's US Labour Day holiday, they said. Gains ranged from 0.17 to 0.45 US cents. October117 words
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Article198 1977-09-06 8 YARN and cotton spot exgodown prices in HK dollars: Cottaa Vara: China Blue Phoenix 20's 1.000. 32 s 2.020. 40's 2.120. (per bale of 400 lbs). Piaee Goods: China Butterfly and Globe Brand unq. Dragon Head unq. Flte Lambs unq, Flower and Butterfly unq. Flying Oeese unq. (per198 words
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Article195 1977-09-06 8 ON THE Singapore gold market yesterday, the kllobar opened around last Saturday's closing level at SSI 1,084. The price was bid up as Hongkong turned firmer on sustained buying Interest, finally closing at the day's high of 5511,728 In thin trading condition. On the London market, the metal opened195 words
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Article109 1977-09-06 8 LONDON, Mon. Copper wlrebars finished the morning £10.50 up for cash and £11.50 up for Three Months. Prices rose on the premarket on bear covering following the late rally at New York on Friday which dealers said was based on a Eineral mls-readlng of the S stockpile policy. Three109 words
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Article73 1977-09-06 8 LONDON, Mon. Sliver closed with gains of 2.1 to 2.3 pence per troy ounce. The late advance In New York on Friday and firmer gold this morning gave the market a boost although the volume of fresh trading Interest was light. The > bullion dealers fix also supported the73 words
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Article106 1977-09-06 8 THE Straits tin price In Penang yesterday was down MII 9 to $1,591 per picul on an official offering up 5 tonnes to 195 tonnes. Dealers attributed the fall to lower London Metal Exchange prices coupled with lack of speculative support. In LONDON yesterday, tin declined by106 words
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Article50 1977-09-06 8 LONDON, Mon. Lead advanced by mostly £8 per tonne. The firmer trend in copper attracted shortcovering and some fresh buying in the pre-market where Three Months traded up to £333. Scattered proflttaking pared values in the ring with Three Months finishing the morning at £331. Sales were 3,200 tonnes.50 words
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Article63 1977-09-06 8 LONDON, Mon. Zinc closed the morning session with losses of mostly £0.50 per tonne. The gains In copper and lead were reflected in zinc Initially with shortcovering taking Three Months up to £319 in the pre-market. In the ring, however, trade selling developed and gains were erased, Three Months63 words
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MONEY AND EXCHANGES
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Article552 1977-09-06 8 THE WEST German mark lost ground yesterday In a generally quiet Singapore forex market. The other currencies were traded quietly and rate movements were minimal. The Deutschemark opened at DM2.3170/80 against the US dollar but fell to DM2.3190 In morning trading. The afternoon saw a further weakening of that552 words
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Article38 1977-09-06 8 ACBC S 1 Citibank 7 HSBC Bank of AmHc* Rank of hina 7 S>>ii Bank ot Tikys CH Bank Negara OCBC Indonesia 7 OUB Chartered Bank l L'CB 7 <v< L'MBC 7 DBS CH LOB38 words
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Article154 1977-09-06 8 Asian ratep ASIAN currency depout interbank rate* u at clow on Sept S: US Da Uan (Spat) 7 days 1 fttmr 0M BW 6* lmtti 8 13/18 11/16 I mth* 8S •ft 3 mUu es •ft nthi 8 9/u 07/16 mth* eli/ia 8 ft/18 12 mtha 6S *m.rn. DM. 1154 words
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Article51 1977-09-06 8 RANGE of prices offered toy dlacount houaea on Sept 6: Overnight S* Call deposit 3% to 3** 8.nta« 3-Month S 15/16 Treasury Mil la 3 1/16 3-Month Bank bllU 4 M 4 1/4 3-Month CD 4 3/4 4 S/8 •-Month CD s i/i« 4 15/16 Source: National Discount Co51 words
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Article231 1977-09-06 8 LONDON, Mon. The dollar was steady to slightly firmer In early trading against most leading currencies, with volume light, reflecting today's North American Labour Day closure, dealers said. The US unit gained to DM 2.3213/23 from an opening 2.3204/14 and 2.3178/88 at Friday's close and rose to 35.70/75 Belgian231 words
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Article130 1977-09-06 8 TOKYO, Mon. The yen strengthened on the local foreign exchange market, closing at 287.85 to the dollar for overnight delivery after opening at 288.20 and compared with 287.85 at Friday's close. After an initial decline, the yen firmed as foreign banks sold dollars to reduce long positions, relfectlng a130 words
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Article149 1977-09-06 8 HONGKONG, Mon. The US dollar eased slightly In very quiet trading to 267.60/ 70 yen from Its New York midpoint Friday close of 267.88 after opening higher at 268.00/ 10, dealers said. The market was quiet due to the US holiday and hardly reacted to the cut In Japan's149 words
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Article57 1977-09-06 8 AUSTRALIA/NZ exchanges on Sept 5: Australia: Sterling 0 #387/0 6299 US dollar 1.1055/1 1007 Ninety-day air mall buying rates Sterling 0 6523 U8 dollar 1 1305 Ninety-day forward buying rates Sterling 0 5323 US dollar 1 0946 New Zealand Sterling 0 5588/0 5537 US dollar 0.9744/0.9844 Ninety-day forward rate:57 words
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Article121 1977-09-06 8 Euro rates LONDON, Mon. Eurodollar deposit rates held basically steady In light early trading, dealers said. Among period deposits, the One Month rate added 7/16 to 6-3/4, 6-5/8 on the Friday end-of-perlod dealing technicality. The Three, ftour and Five Months rates Wtt up to 1/8. Far Eastern interest was relatively121 words
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Article176 1977-09-06 8 LONDON, Mon. Eurobonds traded mostly steady In usual quiet Monday conditions with activity additionally dampened by the US and Canadian holiday closures, dealers said. Eurobonds opening quotes on Sept Straight* Bui Ofltar Austria 8*i 90 102* 102% Bell Canada 8%. 80 104% 105% BFCE 8\ 83 102% 102% Brazil176 words
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Article40 1977-09-06 8 FRANKFURT exchanges opening quotes on Soft t: US 2.31(7/97 Can 2 1808/23 UK 4 041/081 Neth 94.52/82 SwIU 98.90/97 00 Italy 2 828/638 France 47 20/30 Norw 42.34/44 Belg (com) 8 492/502 Belg (fin) 6 49/50 Japan 0 8858/8840 words
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Page 8 Advertisements
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Advertisement168 1977-09-06 8 ''.I.llVlil 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 place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is168 words
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TRANSPORT AND COMMUNICATIONS
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Article1322 1977-09-06 9 TERESA LIM - By TERESA LIM THE port of Singapore, nexus of trading activity, has not kept still over the years. It has changed very radically since 12 years, let alone 150 years, ago. It likes to be one step ahead of port requirements with Its developments.1,322 words
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Article329 1977-09-06 9 THE Shipping Corporation of India (SCI) began operations In 1961 with a modest fleet of 19 vessels. Today, It Is India's leading shipping company and ranks with the 10 largest shipping companies In the world. It owns a diversified fleet of more than four million tons,329 words
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Article, Illustration432 1977-09-06 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Chidambaram (1300 after Esqulllno) 1/2 Dragasaml (0700 after Norfolk Maru) 4fi Indian Mall (2000 after Michigan) 47 Lumut (2200 tide after Temburong) 20 West New Ocean (6700 after Benmhor) 45 Straat Chatham (after Straat Frazer shifts) 35/30 Straat Frazer (1500 shifts on completion432 words
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259 1977-09-06 9 Reuter MANILA, Moo. Asean Economic Ministers have approved the formation at an Asean joint ad hoc workins croup on shipping to draw up specific projects to enhance regional selfreliance in shipping, trade secretary Troadio Qui axon said yesterday. Mr. Quiaxon, also chairman ofReuter - 259 words
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Article656 1977-09-06 9 NYT NEW YORK: During the last 2 years of gloom In the international oil tanker market, a few shipbuilders have been able to keep their yards filled on the thriving demand for tankers that carry liquefied natural gas. But the boomlet In the buildingNYT - 656 words
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Article595 1977-09-06 9 ARRIVALS Service Locs J Operator Number Time From CAL CI 331 0040 TPE/HKO/KUL CPA CX003 0145 HKO TMA TL303B 0215 BEY/DXB/ BOM/KUL MAS MH682 0810 KCH CAL CI 808 1000 HLP OIA OA 980 1030 HLP SIA SQ211 1045 HLP OIA OA 944 1055 PKU OIA OA595 words
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Article104 1977-09-06 9 THE Port of Singapore Authority (PSA) will conduct talks on the new International Association of Lighthouse Authorities (lALA) buoyage system, which was Introduced In Singapore last month. The talks will acquaint steersmen, helmsmen and other marine personnel employed In the pFlvate sector on the Important104 words
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Page 9 Advertisements
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Advertisement41 1977-09-06 9 As co-sponsor of A BEX '77, Business Times cordially invites you to visit their Booth 724 Exclusive Business Times Cocktail Glasses will be available at special A BEX *77 rates. /1S!/4N BUSINESS EXPO Singapore Hyatt Hotel September 7 10 September 741 words
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Article, Illustration1800 1977-09-06 10 HO KIN CHAI - Indonesia's drive against corruption and pungli, initially aimed at civil servants, is being extended to foreign firms. HO KIN CHAI reports. HO KIN CHAI THE DRIVE against corruption and Illegal levies known as Pungli, launched by Indonesia s President Suharto is being broadened.1,800 words
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1028 1977-09-06 10 BEATA LEVY - Very few authors make any money out of novels, but publishers can do well out of them if they market them the right way. Thus, in France, multiples and discount stores have moved into the bookselling business and quality booksellers feel they are fightingFT - 1,028 words
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Article, Illustration1143 1977-09-06 10 ELGY GILLESPIE - It might be said that the development of Bolivia's La Paz department is only there for the beer money nearly half of its development revenue comes from the city breweries. With the little it has, La Paz is gambling heavily on the success ofFT - 1,143 words
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929 1977-09-06 10 ANTHONY GRENO - By ANTHONY GRENO UPI MEXICO CITY: A year after devaluation of the Mexican peso, the country Is struggling to get the economy going again without bringing on an Inflationary spiral which would worsen the situation. The peso In recent weeks has heldUPI - 929 words
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Page 10 Advertisements
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Advertisement234 1977-09-06 10 I I w 4 n 4 THEHAMLYN PICTORIAL ATLAS OF THE WORLD A modern and comprehensive atlas has become indispensable both to students of geography and to general readers who want to understand the new economic and political shape of the world. Here for the first time, a concise fascinating234 words
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605 1977-09-06 11 LABUAN, Mon. The traffic separation scheme for the Straits of Malacca, drawn up by Indonesia, Malaysia and Singapore will, If enforced be a distinct help to users of the waterway. This Is the opinion of a number of oil tanker masters who605 words
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447 1977-09-06 11 Reuter BANGKOK, Mon. Fresh Japanese aid to Thailand will be on the negotiating table when Prime Minister Thanln Kralvlchlen pays an official visit to Japan this week. Mr. Thanln will be taking his Ministers of Foreign Affairs, Finance and Commerce withReuter - 447 words
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266 1977-09-06 11 UPI TAIPEH, Mon. Container handling In Taiwan's two typhon-devastated major ports has returned to normal after a month of emergency measures and cooperation from ship owners, port authorities said today. Typhoon Thelma, the strongest to ever hit the Island, destroyed seven of the eight cranesUPI - 266 words
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Article173 1977-09-06 11 AFP TOKYO, Mon. Japan's export contracts, certified by the government, rose 21.2 per cent in August over a year earlier, exceeding the US$7,OOO million (5517.15 billion) level for the third straight month. Led bv Increases In sales of vehicles, cameras and Industrial equipment and price risesAFP - 173 words
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Article46 1977-09-06 11 UPI SEOUL, Mon. The government plans to seek more than US$2.7 billion (516.6 billion) In public loans from the World Bank, the Asian Development Bank, the United States, West Germany and Japan to finance 19 construction and development projects next year. UPI.UPI - 46 words
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441 1977-09-06 11 Reuter TOKYO, Mon. Bank of Japan governor, Tellchlro Morlnaga, said th? bank will ask commercial banks to lower their lending rates as much as possible following the cut In the bank's official discount rate. He told a press conference the reduction In bankReuter - 441 words
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350 1977-09-06 11 KOTA KINABALU, Mon. The Joint Japanese-Malay-sian copper mining company Overseas Mineral Resources Development (OMRD) operating In Ranau, about 110 km from here Is to spend about MS34 million for Its entire antipollution measures In the next few years. The amount, however, could be350 words
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75 1977-09-06 11 Reuter TOKYO, Mon. Japan's vehicle registrations in August fell 39.4 per cent to 209,471 units from 345,401 In July, the Automobile Dealers Associations said. The August total was also down 4.4 per cent from 219,170 In August 1976. The figure comprised 135,416 cars, 72,666 trucks andReuter - 75 words
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1269 1977-09-06 11 FT SYDNEY, Mon. The confidence of overseas investors in Australia has been shaken by a number of factors during the past few years. It used to be a standing cliche that Australia was an attractive area to foreign investors because of its political, andFT - 1,269 words
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Article118 1977-09-06 11 Reuter TOKYO, Mon. Japanese machinery sales excluding ships In the latter half of fiscal 1977 will total 10.35 trillion yen, up 11 per cent from the same period last year, and 5.3 per cent higher than In the preceding six months, the Japan Machinery Federation said.Reuter - 118 words
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Article107 1977-09-06 11 CIRCULATION of the Asian Wall Street Journal has risen within the first year to more than 12,000 copies daily according to the newspaper's Hongkong office. Direct subscriptions form 75 per cent, and its six largest markets are Hongkong, Japan, Philippines, Singapore, Malaysia and Indonesia. During its107 words
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Article100 1977-09-06 11 THE Port of Singapore Authority Is organising a one-day seminar on Oct. 5 on how cooperation between the PSA and port users can Improve efficiency In ships' operations. The seminar hopes to provide better understanding between the two parties. Seven papers will be presented by speakers100 words
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Article67 1977-09-06 11 THE European Economic Community has announced the suspension of a preferential tariff for Imports of two types of Items from Singapore. With effect from July 14, Imports of capacitors (BTN 85.18) from Singapore will no longer enjoy preferential tariff as the agreed limit has been reached.67 words
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Article89 1977-09-06 11 MARCO Polo Hotel has launched an American Food Fair with the United States Egg and Poultry Institute. This means that not only will the flavour of the food served by the hotel be American, but the actual Ingredients will be flown out from the US.89 words
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409 1977-09-06 11 LEADING department stores and Chinese emporiums are currently having a big selling binge, each competing with the other with sales, special offers and special promotions. Retailers In this stiff competition for the consumer's dollar Include Robinson's, C.K. Tang, Isetan, Metro, Yaohan, the409 words
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Article87 1977-09-06 11 Reuter BANGKOK, Mon. Thai rubber exports fell in June to 23,691 tonnes from 30,952 tonnes In May and compared with 32,799 tonnes In June 1976, Agriculture Ministry statistics show. Rubber exports in the first six months of this year rose to 222,787 tonnes from 204,370Reuter - 87 words
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Page 11 Advertisements
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Advertisement315 1977-09-06 11 APPOINTMENTS The Straits Group invites applications from suitably qualified candidates for the post of: GROUP TAXATION MANAGER $36,000 $54,000 per annum The incumbent will be responsible for tax planning and all tax matters of the Group. Applicants should have: a recognised University degree or professional qualifications a minimum of 6315 words
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359 1977-09-06 12 THE Japanese Ministry of International Trade and Industry says It will simplify procedures to encourage more Imports. According to the Singapore-Japan Trade Centre's Jetro Bulletin, MITI plans to complete revisions of the Import Control Act and government ordinances to simplify the formalities.359 words
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224 1977-09-06 12 A LEADING Japanese contractor has been awarded a $25 million contract to construct the Mount Elizabeth Hospital, a 250-bed private hospital off Orchard Road, a Reuter report from Tokyo said. This follows an Invitation issued at the end of May by Mount Elizabeth224 words
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Article788 1977-09-06 12 LONDON Mon. The stock market closed higher In fairly active trading here, dealers said. At 3 pm the Financial Times index was up 9.3 at 510.8. Market sentiment was helped by optimism that the Trades Union Congress will vote on Wednesday to continue the twelve-month Interval between pay788 words
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263 1977-09-06 12 A SURVEY carried out by the Housing and Development Board early last year to find out how shopkeeper* affected by clearance during 1971 to 1975 have fared, shows that the majority is satisfied with the location of their present shops and surrounding environment.263 words
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83 1977-09-06 12 THIRTY oil industry specialists from various nations will meet In Singapore next February to discuss petroleum exploration activities In South-east Asia and Australia. They will speak at the second offshore South-east Asia conference and exhibition to be held at Hyatt Hotel from Feb 21 to 24.83 words
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Article70 1977-09-06 12 THE US Ambassador to Singapore, Mr. J.H. Holridge, will open the first Asian Business Exposition (Abex *77) tomorrow at the Hyatt Hotel. About 80 companies from the Asean region, Japan, the US, UK and Europe are participating In the fourday exposition. A wide range of office machinery,70 words
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960 1977-09-06 12 KUALA LUMPUR, Mon. Malaysia's current fiveyear programme designed to redistribute the nation's wealth is falling to live up to some of the government's expectations. As the Third Malaysia Plan approaches midpoint, the level of private Investment is running at less than half the960 words
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564 1977-09-06 12 SATISFACTORY progress has been made In efforts to promote closer cooperation among Asean Insurance companies, the Foreign Minister Mr. S. Rajaratnam said yesterday. There has" been greater exchange of business through reinsurance among Asean Insurance companies, he added. Mr.564 words
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Article142 1977-09-06 12 THE HUDC Flat-owners Association of Braddell View Estate, which represents about 50 per cent of the purchasers there, Intends to take legal action against the HUDC for delay In the completion of flats. Mr. Peter Cheong, the association's chairman, Indicated they are now waiting for all142 words
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302 1977-09-06 12 UPI TOKYO, Mon. Japan will extend a million tonnes of cement to Thailand and 300,000 tonnes of fertfllser to the Philippines to carry out an aid promise Prime Minister Takeo Fukuda made during his recent tour of South-east Asia, It wasUPI - 302 words
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Article87 1977-09-06 12 SINGAPORE will host the International trade exhibition of materials handling and construction machinery for the Asean region from Oct. 5 to 9. More than $50 million worth of products will be on display In this show sponsored by the Singapore Contractor's Association and the Institute of Materials87 words
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210 1977-09-06 12 THE Singapore Institute of Management will organise four courses this month. The first Is Income Tax Law and Practice .(Module 4) and will be spread over six days between Sept. 12 and 23. It Is designed for business executives and those who are performing210 words
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Article135 1977-09-06 12 BEHN Meyer has Just launched studio equipment In Singapore and Malaysia for complete Indoor photography of subjects against any desired background. Called the Nordic HCB Varlo, the equipment comprises a slide projector with 50-90 Tnm zoom lens, a built-in flash generator, a seml-reflectllng mirror, and a135 words
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258 1977-09-06 12 AN agreement for |17 million loan from the Poet Office Saving* Bank to the National Trades Union Congress was signed yesterday. The loan will finance the purchase of 1,000 new taxis for the NTUC Comfort taxi fleet. The first POSB loan was258 words
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140 1977-09-06 12 EUROPEAN Asian Bank (Eurasbank) has received the green light from the South Korean Ministry of Finance to open a branch In Seoul and expects to commence operations there In the first half of next year. According to a statement from Eurasbank's Singapore office,140 words
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378 1977-09-06 12 AP NICOSIA, Mon. Three Western oil companies are setting up a Joint venture with the Abu Dhabi National Oil Company for a long-dormant US$l.2 billion (552.9 billion) liquefied gas project, the Middle East Economic Survey (MEES reported today.) Royal Dutch Shell, CompagnieAP - 378 words
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Article262 1977-09-06 12 AFP HONGKONG, Mon. A Hongkong trade mission comprising 13 manufacturers and exporters will conduct business negotiations In Paris on Wednesday, the Trade Development Council (TDC) said today. The same mission will later visit Brussels, Amsterdam and Hamburg. Apart from promoting Hongkong products, some ofAFP - 262 words
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Article92 1977-09-06 12 THE Bank of Tokyo's Jurong branch at Jurong Town Hall, will be officially opened by the bank's deputy president, Mr. Masakunl Kozawa. on Monday. It will start as a deposit office, and function as an extended counter of the main office In Hong Leong Building. According92 words
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Page 12 Advertisements
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Advertisement89 1977-09-06 12 A smart cose (Thud, Thud, Thud,) Judge: This, I am now handling, is a very good case It is the most spodous of the Attache coses. Ample for samples. Equipped with writing platform and secret comportments. And just for the record, the 49N ts 5" thick. The 47N is 4"89 words
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