The Business Times, 9 September 1977
1977-09-09
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The Business Times
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Title Section10 1977-09-09 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, SEPTEMBER 9, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article69 1977-09-09 1 UPI WASHINGTON, Thurs. President Carter and Canadian Prime Minister Pierre Trudeau announced approval today of a US$7.7 billion (5518.87 billion) Trans-Canada pipeline to transport Alaskan and surplus Canadian natural gas to the United States. Congress has 60 working days to accept or reject what the two leadersUPI - 69 words
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Article55 1977-09-09 1 THE Trade Department in Singapore will send a 16-member mission to Nigeria to attend the Lagos International Trade Fair from Nov 17 to Dec 11. The mission will comprise representatives dealing in a wide range of products including kerosene stoves, building materials, electronic goods, aluminium products,55 words
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Article52 1977-09-09 1 UPI GENEVA, Thurs. A meeting of world producers and consumers of zinc began today under the sponsorship of the International lead zinc study group, an independent body of 31 countries. They are to discuss ways of coping with a world surplus of zinc which resulted In decliningUPI - 52 words
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Article79 1977-09-09 1 AP BRUSSELS, Thurs. Unemployment in Western Europe has been rising to its present peak all through the *****, beginning well before the oil crisis of 1973, according to figures made available by the Common Market. The European figures started to rise in 1970 and have continued to riseAP - 79 words
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Article37 1977-09-09 1 Reuter PORT KLANG, Thurs. The government will soon set up a national ports advisory council to coordinate all activities and development plans of ports in Malaysia, Communications Minister Tan Sri Manickavasagam said here today. ReuterReuter - 37 words
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Article59 1977-09-09 1 AP TOKYO, Thurs. About 500,000 Chinese lined up today to place wreaths in Peking's Tien An Men Square for the first anniversary of the death of Chairman Mao Tse-tung, a Japanese report said. Kyoto News Service, reporting from Peking, said wreaths were offered at the People's Hero MonumentAP - 59 words
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Article73 1977-09-09 1 AP NEW YORK, Thurs. The stock market was slightly ahead this morning. The Dow Jones average of 30 industrials rose 0.60 to 876.99 In the first half hour. Gainers took a slim lead over losers among New York Stock Exchange-listed issues. Analysts said the market drew some supportAP - 73 words
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Chief Price Changes
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Article113 1977-09-09 1 Foils Most active A. Hi tarn 9 90 -1.20 Olympla 407 000 Lien Hoe 1.97 -.16 Inchcape 240 mn P Chem 2 70 -.13 Sim Lim liu'nm Sg Best 3.56 Oriental 2.36 D. Keramat 8.10 Pacific Dev 2.80 M Banking 3.58 AMD. 004 Bolton 1.36 S.M. Ind113 words
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Article, Illustration159 1977-09-09 1 PROFIT-TAKING and stale bull liquidation contined to take their toll on share prices in a generally quiet Stock Exchange of Singapore yesterday. The Business Times index closed 1.98 points lower at 428.% and the Straits Times Industrial index dipped 0.57 point to 266.20. Foils Most active P«*i159 words
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Article996 1977-09-09 1 QUEK PECK LIM - BID FOR WEST ASIAN CONTRACTS By QUEK PECK LIM SINGAPORE contractors have taken the Prime Minister's advice and are making a concerted effort to get work In West Asia. A consortium of local contractors ranging from the very small to the very big is now996 words
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Article156 1977-09-09 1 KUWAIT, Thurs. Kuwait has agreed to reduce the price of its crude oil by ten US cents a barrel, from U5512.37 to 112.27 dollars, oil ministry officials announced today. The officials said the reduction was a response to complaints by foreign oil companies about the high156 words
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Article74 1977-09-09 1 Reuter JAKARTA, Thurs. Indonesia has agreed to make available U5553.64 million (*****.42 million) to finance the construction of an $89.4 million Asean fertiliser plant in Arun, north Sumatra, an Industry Ministry spokesman said today. Other Asean members will contribute $8.94 million each for the plant, he said.Reuter - 74 words
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618 1977-09-09 1 Settling for less Reuter TOKYO, Thurs.- Japanese Chamber of Commerce and Industry president Shlgeo Nagano said the new rerlatlonary package adopted by the Japanese Government will be Insufficient to fill a wide gap between demand and supply in Japan. He told a meetingReuter - 618 words
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521 1977-09-09 1 Reuter LONDON. Thurs. Despite a wave of strikes which is causing losses of millions of pounds a day to the British economy, the London stock market today continued to surge, with prices rising close to the all-time record, In early trading. In hourReuter - 521 words
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232 1977-09-09 1 Reuter MANILA, Thurs. Philippine Industry Secretary Vicente Paterno today urged marketing and trading firms in membercountries of Aaean to establish regional trading centres to speed up expansion of intra-Asean trade. In a speech before delegates to the first Asean marketing conference here, Mr.Reuter - 232 words
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Article43 1977-09-09 1 Reuter HONGKONG, Thurs. The US$l5 million (5536.75 million) seven-year Asian dollar bond to be floated by Singapore's Keppel Shipyard Is expected to carry a nine per cent coupon, Daiwa Securities, said as lead manager. Subscription lists open on Sept. 13. Reuter.Reuter - 43 words
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629 1977-09-09 1 MANILA, Thurs. President Carter was considering a thorough tax overhaul taking into account the views of Asean on Incentives for Investment In developing countries. It was disclosed here today. The disclosure was made by American Under-Secre-tary of State for Economic Affairs Richard629 words
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Page 1 Advertisements
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Advertisement59 1977-09-09 1 SAFE WITH AN ITOKI SAFE BUSINESS MACHINES SYSTEMS (S) PTE. ITO 47 Podium Bioc»« Go»<jr».M Plaza Newton Road S'ngapo't 11 Tel 2^*****/6 CaO'e BUSNESTEMS Singapore I INSIDE Overseas News TV ft Radio Overseas New*/ Crosswords Local Co. News Overseas Stocks -P2 Commodities Transport ft -P3 Communications -P4 Features International Co.59 words
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Advertisement100 1977-09-09 1 Copy large size originals on one sheet, size for sizeno trimming, no sticking together. Xerox 3103 No matter what the originals. Up to 14" by 18" or 356 mm by 457 mm. Solids. Half tones. Or pale blue. The Xerox 3103 gives perfect reproductions. Every time. Size for size. On100 words
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Advertisement210 1977-09-09 1 'j 1 VlYrrftr? OBmtm-Hcutd MeuU to Fit Uou *<ZOLF n V **2' Far Eaat Shopping Centra L\\» MS. Orchard Rom Smgapora9 Tai *****8 Tala« R*****8 .Cabta PARGOIF I'. The Corporate Dollar Capital Idle Working Capital Overheads Taxes Reinvestment Cash FN \u Put your idle cash to work with American Express210 words
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OVERSEAS
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415 1977-09-09 2 AP NICOSIA, Thurs. Saudi Arabia has flatly denied it concluded a secret oil deal with the United States. "We don't operate in the dark. There is no secret oil deal between the Kingdom and the United States." the Saudi Information Minister. Mr. MohammedAP - 415 words
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125 1977-09-09 2 Reuter WASHINGTON. Thurs. US consumer instalment credit outstanding expanded by U552.32 billion (555.66 billion) in July after a $2.28 billion increase in June, the Federal Reserve Board said. The increase left total credit outstanding at $198.97 billion in July compared with $173.92 billion in July lastReuter - 125 words
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643 1977-09-09 2 Washington Star WASHINGTON, Thurs. President Carter views the conclave here of 24 leaders from North and South America for last night's signing of the Panama Canal Treaties as a summit meeting for discussion of the whole spectrum of problems In the WesternWashington Star - 643 words
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Article259 1977-09-09 2 Reuter WASHINGTON. Thurs. The White House is reviewing a series of options regarding US landing rights for the Anglo-French Concorde supersonic airliner, Transportation Secretary Mr. Brock Adams said. Mr. Adams said he would recommend whether the supersonic aircraft should be given expanded landing rights by SeptReuter - 259 words
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147 1977-09-09 2 UPI TOKYO, Thura. Home electric appliance manufacturers have expressed concern over the US electric industry's request to the Carter Administration for curbs on (rowing imports of microwave ovens from Japan. A spokesman for Matsushita Electric Industrial Co. said company officials are worried it mightUPI - 147 words
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413 1977-09-09 2 NYT CAIRO, Thurs. CocaCola pierced the Arab boycott yesterday with the signing of a Joint venture with an Egyptian group for a US$5O million (*****.5 million) agricultural project. The deal was considered an important breakthrough for Coca-Cola which has been blacklisted by ArabNYT - 413 words
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Article107 1977-09-09 2 AFP PITTSBURGH, Thurs. US Steel, the biggest American steel company, Is going to file an official complaint with the Treasury Department accusing Japanese steel producers of "dumping" their products in the United States, a firm spokesman said here today. He said the complaint would beAFP - 107 words
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466 1977-09-09 3 Reuter NEW YORK, Thurs. Morgan Guaranty Co economists report that recent evidence "calls for some shading down of optlmlstlc forecasts of economic performance In the second half." In the current Issue of the bank's monthly review, the economists note that recent economicReuter - 466 words
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Article83 1977-09-09 3 AFP LONDON. Thurs. A South Korean trade delegation headed by Chang Yle-Joon, Minister of Commerce and Industry, will visit Britain next week as a part of its multi-mllllon-dollar buying mission In, Europe. The 38-member group Is due to arrive In London on Wednesday and will leave on theAFP - 83 words
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Article, Illustration893 1977-09-09 3 NYT SALZBURG, Thurs. A strategy to resolve the industrial world's economic problems, worked out In May at a London summit meeting, is now starting to show Its first concrete results, in the view of European and American observers. Next week, the West GermanNYT - 893 words
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Article87 1977-09-09 3 UPI TOKYO, Thurs. A Japanese securities house disputed yesterday the Japanese government's contention that the country will achieve 6.7 per cent In the real economic growth rate during the current fiscal year ending In March next year. Dalwa Securities predicted that the growth rate will be 6.1UPI - 87 words
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346 1977-09-09 3 Reuter UPI SYDNEY, Thurs. Australian foreign reserves dropped A 5352 million (SS9SO million) to $2.70 billion in August compared with AS2SB million fall to $3.05 billion In July and Asl9l million fall to $3 billion In August 1970, the Reserve Bank reported. The bankReuter; UPI - 346 words
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1093 1977-09-09 3 NYT WASHINGTON, Thurs. The Comptroller of the Currency disclosed yesterday that Budget Director Bert Lance and his wife received about US$3.5 million (SsB.s million) In loans or refinancing over 13 years from a Georgia Bank where his bank maintained a substantial correspondentNYT - 1,093 words
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Article56 1977-09-09 3 Reuter BLACKPOOL, Thurs. An Immediate boost to Britain 's economy Is needed In order to reduce unemployment, Trades Union Congress general secretary Len Murray said last nlsht. He told the TUC annual meeting here that new investment Is needed for growth and that calls forReuter - 56 words
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Article409 1977-09-09 3 Reuter WASHINGTON, Thurs. The International Monetary Fund said It auctioned 524,800 ounces (14.88 billion grams) of gold at an average price of U*****.78 (*****.06) per ounce, making a profit of $56.2 million. Prices ranged from $149.65 to $147.61. The price of gold in London closedReuter - 409 words
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Page 2 Advertisements
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Advertisement96 1977-09-09 2 -r. i«rLSR x \w Data j Passbook/Journal Printer B pamo Teller Terminal BUfNJKEW RAMO 30 Teleprinter ELECTRIC iw Data General Disc Storage m riiitXi't Line SENIRAIi^ELEC m i t V, BUfNJKER RAMO BCS Programmable Control Unit Data General EdipseS/ IN JLA Diskette Storage a > (r Data General Dasher Printer96 words
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Page 2 Miscellaneous
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Miscellaneous49 1977-09-09 2 BriStdW I DPTOH' DfNmH' DBO^N' tof Bound Tue corner "tb Soy f\n eyewiHG PP#£R P*ND ngpun NOU I HPiVC TD U*=mt for fo 3o NvJ»SRNC£., fIEALLV. t UP\NT£D "lb TfcFWtL UXTU THC RNtSH rree**fci ifiHC TbHIGHT C(2cxjO NOOJ I'm STOCK UMTH ThC OUR tXMM« Ml N TMt OVSN GWG-49 words
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Miscellaneous249 1977-09-09 2 RADIO TV SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee The Rose (A Mandarin film) 4.35 Intermission 6.05 Opening announcements followed by Exercise with Gloria 6.30 News in Brief 6.35 The Senses 7.05 The Bitter Land 7.30 News and Newsreel in Malay 7.55 The Explorers Burke and Wills249 words
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Page 3 Advertisements
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Advertisement102 1977-09-09 3 INTERNATIONAL OILFIELD SUPPLY COMPANY HAS VACANCIES FOR SALESMEN The job involves the marketing of high class oilfield product lines to the national and international oil companies in South East Asia substantial travelling is involved. A icants should be aged 30 —45 and h. hod a successful career in marketing ot102 words
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Advertisement399 1977-09-09 3 ANNOUNCEMENT A word, on computing: If you are a computer user, or you are about to become one STOP and COMPUTE. It's probable you would be better off with a Computer Bureau! Why? Because the Computer Bureau provides a pool of critical skills which users are usually unable to afford399 words
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Page 3 Miscellaneous
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Miscellaneous42 1977-09-09 3 THE WEATHER WEATHER report for 24 hour* prior to 7.30 pm on Sept. 8 at Singapore airport. Maximum Temperature Associated Humidity Minimum Temperature Associated Humidity Hours of Sunshine Rainfall in Millimetres Total Rainfall for tlie Month Total Rainy Days for the Month42 words
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Miscellaneous617 1977-09-09 3 TWO-IN-ONE CROSSWORD 7 Soon admits a certain ignorance (4) 8 Arch type of fellow? (fl) 12 Special occasions to talk about A 1 (5) 13 American forename? (5) 14 Point to a tangled vine, David (5) 15 A wing, possibly in Rugby League (5) 16 Cut less than severely (5)617 words
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COMPANY NEWS
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455 1977-09-09 4 THE Kuala Lumpur Stock Exchange has directed Sime Darby Holdings to explain the basis at which it arrived at the consideration of 8 63/64 pence and 30 pence per warrant, in Sime's earlier disposal of part of Its Consolidated Plantation warrants. In two separate455 words
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Article66 1977-09-09 4 SIM LIM Investments has raised the Issued share capital of its wholly-owned subsidiary, Sim Lim Co (Pte) Ltd by subscribing for 29,000 shares of $100 each at par. The subscription raised the issued capital of Sim Lim Co to $4.5 million. The consideration for the66 words
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Article351 1977-09-09 4 Current Ex Date Total for Total for payment Date payable the year previous year Berjaya Kauai 5%TE Aug 16 Sept 9 10%TEb 7.5%TE l id Malacca 18% Aug 23 Sept 10 24% 20% Selangor Properties 8% I Aug 23 Sept 18 8%I 16% Alexandra Holdings 5% Sept 6351 words
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253 1977-09-09 4 GUTHRIE BERHAD plunged deeper Into the red in the first half of 1977 when the group Incurred a net loss of $2.5 million against a loss of $265,000 In the corresponding period of 1976. The deficit Included a higher extraordinary loss of $642,000 ($274,000)253 words
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LATEST RESULTS
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Article76 1977-09-09 4 DATUK KERAMAT Unaudited group pre-tax profit M 59.16 million ($8.24 million) for the first six months ended July 31, 1977. Turnover $421 million ($335 million). uroup profit includes interest income of $461,000 ($622,000) and Investment income of $1.11 million ($598,000). Group net profit $5.27 million ($4.72 million) after tax of76 words
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Article38 1977-09-09 4 MILLS Unaudited group pre-tax profit M 5795.000 ($2.06 million) ror the first half year ended June 30, 1977. Turnover $58.43 million ($53.02 million). Company pre-tax profit $427,000 ($l.BO million) on turnover of $45.38 million ($48.98 million).38 words
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Article48 1977-09-09 4 DUNLOP ESTATES Unaudited net profit M$ 10.1 million ($2.3 million) for the first six months ended June 30, 1977. Turnover $61.1 million ($38.6 million). Interim dividend 10 per cent (7'/j per cent). KESANG TIN (MALAYA) Audited pre-tax loss M 58,697 ($41,997) for the year ended Dec 31, 1976.48 words
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330 1977-09-09 4 THE sharp earnings upturn displayed by Talplng Textiles during the second half of 1976 petered out during the first six months of the current year ending Dec 31, 1977. Although the latest Interim pre-tax profit of M 5573.450 represents a 105.2 per cent330 words
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Article86 1977-09-09 4 Tonne Aokam 121.86 Austral Amalgamated 131.84 AyerHltamTin 110.37 Berjuntal 430.60 Gopeng Consolidated 139.22 Hongkong Tin 3.69 Idrls Hydraulic Tin 24.80 KamuntlngTln 35.62 Klllinghall 60.90 Klnta Kellas Tin 42.33 Kramat 46.27 Kuala Kampar 45.18 Lower Perak 31.75 Malayan Tin 255.16 Malaysian Tin 13.79 PahangConsolidated 167.64 Pengkalen 18.14 Petaling86 words
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Article72 1977-09-09 4 FFB OH Kernal Tons Tons Tons Austral Enterprise.. 741.00 119.00 Ayer Molek Rubber 85.14 Benta Plantations 5,465 00 1,093.00 219.00 Buklt Katll Rubber 549.40 Castlefleld 89.29 17.86 Consolidated Plantations 40,718.00 8,144.00 1,629.00 Golden Hope 3,082.65 590.52 Guthrie Ropel 1,619.00 337.00 Inch Kenneth Kajang 24.42 4.36 Kempas(M)72 words
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Article15 1977-09-09 4 Copra Cocoa Tons Tons Golden Hope 545.77 225.89 Pataling 2.7315 words
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Article1338 1977-09-09 4 On Sept 7 TRADING In options on the Chicago Board Options Exchange came to 65,669 contracts on Wednesday, compared with 63.409 contracts on Tuesday. OPTION OCT JAN APL 8TOCK Alcoa 45 33/4 41/2 91/4 47 7/8 Alcoa SO 3/4 1 7/8 2 1/3 47 7/8 Alcoa 601,338 words
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261 1977-09-09 4 Reuter KUALA LUMPUR. Thurs. The Selangor state government will exploit tin deposits in about 12,140 hectares of forest reserve land In a Joint venture with the private sector, Selangor's Chief Minister Datuk Hormat Raffle said. A Joint venture mining company has been setReuter - 261 words
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COMPANY MEETINGS
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Article25 1977-09-09 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 1977-09-09 4 Sept. 17 at 15th Floor, Rooms 1511/1512, Shlng Kwan House, 4 Shenton Way. Singapore 1.18 words
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Article11 1977-09-09 4 Sept. 19 at the Registered Office. Batu Tlga. Selangor.11 words
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Article17 1977-09-09 4 Sept 20 at the Cempaka Room. Hotel Equatorial, Jalan Sultan Ismail*Kuala Lumpur, Malay lsa.17 words
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Article23 1977-09-09 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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Article24 1977-09-09 4 Sept 21 at 11.00 a m at the Registered Office, 12th Floor, Yee Seng Building, Jalan Raja Chualan, Kuala Lumpur.24 words
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18 1977-09-09 4 Sept 29 at 11.00 a.m. at Ban Hln Lee Bank Chambers, Beach Street, Penang.18 words
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Article18 1977-09-09 4 Sept 29 at 10 a.m. at Ban Hln Lee Bank Chambers, 1st floor. Beach Street. Penang.18 words
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Article19 1977-09-09 4 Sept 29 at 10.30 a.m. at Ban Hln Lee Bank Chambers, 1st floor. Beach Street, Penana:.19 words
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406 1977-09-09 4 SAN IMPERIAL of Hongkong has stated that Pacific Development Credit oughtvto know that Manhattan Properties was acting as agents for its former chairman. Mr. Choo Kim San as early as August 1976 and not March 1977 as PDC claimed. San Imperial's present chairman. Mr.406 words
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489 1977-09-09 4 FT LONDON, Thurs-Mr. John Brown, former managing director of Artagen Properties. Is to become managing director of Peachey Property Corporation in place of Sir Eric Miller, who left earlier this year. Peachey is the £43 million residential and commercial property groupFT - 489 words
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268 1977-09-09 4 AFP HONGKONG, Thurs. Financially ailing Textile Alliance is seeking the approval of its shareholders for the injection of HKS29 million through the allotment of further shares to Toray Industries of Japan. A formal resolution authorising the directors to allot 2.9 million shares at theAFP - 268 words
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Article684 1977-09-09 4 NYT NEW YORK,Thurs— The possibility that Congress may deregulate the air freight carriers before the election recess this year has kindled interest In Tiger International, the holding company that owns the Flying Tiger Line. Flying Tiger is a certified mail and freight air carrier withNYT - 684 words
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Page 4 Advertisements
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Advertisement298 1977-09-09 4 m ACE INVITED to the First International Exhibition of Business Equipment Services in Southeast Asia s4BEXr >ISMN 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,298 words
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INTERNATIONAL COMPANY NEWS
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Article185 1977-09-09 5 ASIAN COMPANIES Reuter SYDNEY, Thurs. Mercantile Mutual Insurance said unaudited consolidated operating profit jumped to A 55.45 million for the year ended June 30, 1977 from $3.82 million previously. The profit Is before an extraordinary profit of (613,000 ($434,000) and minorities of $180,000 ($104,000). Earnings perReuter - 185 words
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Article189 1977-09-09 5 AFP TOKYO. Thurs. Machinery orders in Japan dropped in July for »he fourth straight month, the Economic Planning Agency said today. Private orders for machinery except ships from all industries but electric power fell one per cent over June to total 171,800 million yen (551.53 billion)AFP - 189 words
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Article108 1977-09-09 5 Reuter SYDNEY, Thurs. Howard Smith said it purchased another 128,400 Coal and Allied Industries (CAI) shares at A 53.65 each through sharebrokers yesterday. Howard Smith, which Is making a Joint takeover bid with Conzlnc Riotinto of Australia (CRA) for CAI, now holds 44.1 per cent of CAl'sReuter - 108 words
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250 1977-09-09 5 Reuter TOKYO, Thurs. Flotation of convertible bonds in the Japanese capital market is likely to Increase following the latest cut in official discount rate, the Underwriters Association said. The trend has been developing since last month, when Osaka Gas and Nlchll issued a 10Reuter - 250 words
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133 1977-09-09 5 Reuter SEOUL, Thurs. The government has authorised five South Korean banks to set up seven branches in the US this year, subject to US government approval, the Bank of Korea said. The Choheung Bank and the Bank of Seoul and Trust have been given licencesReuter - 133 words
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Article141 1977-09-09 5 Reuter HONGKONG, Thurs. Asia Navigation International of Bermuda is planning a 10-year Hongkong dollar denominated bond issue of between HKSI2S million and $150 million, bond market sources said. Asia Navigation is the wholly-owned finance subsidiary of Eastern Asia Navigation and the issue will be effectively guaranteedReuter - 141 words
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Article140 1977-09-09 5 Reuter HONGKONG Thurs. Kowloon Stock Exchange chairman Peter Chan said discussions on a proposed merger with the Far East Exchange are progressing quite well, and a merger could take place by end 1977 if all goes well. The two exchanges have agreed on almost every point and theReuter - 140 words
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2176 1977-09-09 5 Economist LONDON: Marks and Spencer Is Britain's biggest retailer (sales of-over £1 billion a year), a household word and a business cliche. It means shirts and socks, blouses and tights, sweaters, undies, chickens, meat pies and nans all of dependable quality at reasonableEconomist - 2,176 words
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107 1977-09-09 5 Reuter BRISBANE, Thurs. Consolidated Gold Fields Australia (CGFA) and the Mitsubishi Group will meet in Sydney later this month to discuss the possible closure of their Joint venture Gunpowder Copper Mine because of low copper prices, a CGFA spokesman said here. The mine,Reuter - 107 words
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Article89 1977-09-09 5 Reuter TOKYO, Thurs. Nippon Telegraph and Telephone Public Corp (NTT) said It will introduce an optical telecommunication system here next year for public communications including telephones, television, data processing and facsimile transmission, the first of Its kind In the world. The company said It willReuter - 89 words
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Article67 1977-09-09 5 HONGKONG, Thurs. Unaudited net profit at Hongkong Aircraft Engineering fell to HK$ll.O7 million In the first half of this year from $13.7 million previously. The company declared an unchanged interim dividend of $1 payable on Oct 1 to shareholders on Its register by Sept 22. It67 words
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Article38 1977-09-09 5 UPI TOKYO, Thurs. Mitsubishi Electric has won orders for satellite communications stations from Bolivia and Portugal. The order from Bolivia is worth 1.5 billion yen while that from Portugal is valued at one billion yen. UPIUPI - 38 words
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368 1977-09-09 5 EUROPEAN COMPANIES AFP EPINAL (East France), Thurs. Trade union delegates today left a meeting here about the future of French Monteflbre saying they had "nothing more to discuss" with the Italian Montedison group and demanding talks with the French Government. Over 1,000 workersAFP - 368 words
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Article83 1977-09-09 5 Reuter LONDON, An explosion at Imperial Chemical Industries' Grange-mouth Chemical Complex in Scotland has caused the shutdown of the Proclon Dyes Plant an ICI spokesman said. He said the explosion occurred early this morning in a vessel manufacturing dyestuff intermediates. There was structural damage but no oneReuter - 83 words
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Bonds
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Article84 1977-09-09 5 Reuter MILAN, Thurs. Enel, the Italian state electricity agency, is considering issuing a US$lOO million Eurobond later this month, primary bond market sources said. Terms have yet to be fixed, but the bond could have maturity of five to six years and an average life of three to fourReuter - 84 words
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Article60 1977-09-09 5 Reuter FRANKFURT, Thurs. Banco Nacional De Obras Y. Servlctos Publlcos of Mexico plans a 100 million mark Eurobond managed by Dresdner Bank AO, primary market sources said. Details should be avail- able on Friday they added. The Mexican bank has recently completed a 20 million mark 7.25 per centReuter - 60 words
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Article55 1977-09-09 5 Reuter FRANKFURT, Thurs. South Africa's Iron and Steel Industrial Corp (Iscorr) is planning a 20 million mark maximum three-year private placement carrying an 8.25 per cent coupon and par pricing, primary bond market sources said. Last month initial reports said a five-year life w»s under consideration. The sources namedReuter - 55 words
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Article100 1977-09-09 5 Reuter LONDON, Thurs. A US$75 million seven year Euroloan for Yacimlentos Petroliferos Flscales Bolivianos (YPFB) is beign syndicated in Eurocurrency markets, informed bank- ing sources said. Bank of America International and Grindlay Brandts were awarded a mandate in July to raise the loan, which carries a spread of 1Reuter - 100 words
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Article35 1977-09-09 5 Reuter FRANKFURT, Thurs. The World Bank Is negotiating the issue of a 300 million mark six per cent eight year bond, lead manager Deutsche Bank AG confirmed. Signing is due Sept 14. ReuterReuter - 35 words
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Article35 1977-09-09 5 Reuter ZURICH, Thurs. The 100 million franc, five per cent, 15 year loan floated by Hydroquebec, Montreal, at 99.5 per cent on the Swiss capital market was consi- derably oversubscribed. Schweizerische Bankgesellschaft said. ReuterReuter - 35 words
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Article47 1977-09-09 5 Reuter FRANKFURT, Thurs. The coupon on the 100 million mark eight-year Eurobond for the government of Malaysia has been cut to 6V 2 per cent from the earlier envisaged 6*« per cent and the issue price set at 99 per cent, bond market sources said. Reuter.Reuter - 47 words
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Article46 1977-09-09 5 Reuter ZURICH. Thurs. The issue price for the 100 million franc, five per cent. 15 year loan being floated by Forsmarks Kraftgrupp AB, Stockholm, on the Swiss capital market from today to Sept 13 was set at 99.25 per cent, the issuing consortium said. ReuterReuter - 46 words
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Article32 1977-09-09 5 Reuter AMSTERDAM. Thurs. The Republic of Austria 75 million guilder 7 3/4 per cent debenture loan. 1983/ 1992, at 99 per cent was heavily oversubscribed, Algemene Bank Nederland NV said. ReuterReuter - 32 words
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Article82 1977-09-09 5 AMSTERDAM, Thurs. VereniKde Machinefabrleken Stork NV said it made a net loss of 27.5 million guilders in the first half of 1977 (2.1 million in same 1976 period). It drew a further 73.1 million guilders from reserves in connection with restructuring two subsidiaries. There are no signs82 words
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Article46 1977-09-09 5 Reuter LONDON. Thurs. The UK Energy Department said it will issue a consent for the drilling of a single development well on the Buchan Field. The department said the consent is without prejudice to its current consideration of the overall development plan for Buchan.Reuter - 46 words
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191 1977-09-09 5 Reuter NEW YORK. Thurs. A West German publishing house, Bertelsmann AG, has acquired a majority interest in Bantam books, a major US publisher of mass-market paperbacks, for more than $70 million, the companies said today. Bertelsmann, whose headquarters are In Guetersloh, West Germany, purchased 51Reuter - 191 words
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Article29 1977-09-09 5 Reuter WASHINGTON. Thurs. The International Finance Corporation, a World Bank affiliate, yesterday announced a US$l.5 million commitment for the expansion of P.T. Kamaltex, an Indonesian textile firm.Reuter - 29 words
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Advertisement65 1977-09-09 5 North Sea herring, Caviar from the Caspian, Boula Boula turtle soup, Chicken Nonya, Beef Dynasty flamed in saki, U. S. Prime Roast Beef... v jr? m <*£> v Bk.- rj V 'M V" i M "I -3P '£vk I The best place to wine and dine in the worlds fourth65 words
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Article2299 1977-09-09 6 1*77 HiCk Low Co«p«ajr Last Sate +arGr's div Div e'rr Gr's Not yH P/E V«l Day (•900) High Low SECTIONONE INDUSTRIALS 154 204 116 230 88* 190* 169 224 414 171 136 172 58 212 57* 155 152 182 350 145 Aetna Alcorn Allied Choc Bata Ben2,299 words
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Article1292 1977-09-09 6 BID and offer prtcw officially listed and buslne** tn and reported to the Stock Exchange of Singapore yesterday with the number of ih*r*a traded •hown In bracket! in lots of lOOOainlta unleea othervtae tpeclfled All Time Settlement Contract* are quoted after the word "Sett." Bta Board deal*1,292 words
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Article1566 1977-09-09 6 BID and offer price* officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of share* traded shown in brackets in lota c? 1,000 unit* unleis otherwise specified. INDUSTRIALS AJin*m*t* (2 138) (1) 2.10. Alaam (1.868). A. COM (1.138). A.M.D.1,566 words
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Article55 1977-09-09 6 STRIKING prices of tbe stock option! officially listed on the Stock Exchange of Singapore, tbe periods, bid and offer price* and business done yeeterday, with tbe number of options traded shown in brackets. Incbcnpe (March $2.40) (0.21 B) UOB (March 13.20) (0.15 B) Wenrnes (Dec 13.00) (0.06 B55 words
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Article148 1977-09-09 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' prtc for Sept (Curreat pric es> The Commerce 1.74 184 INCOME BOND 1.07 1.13 The Saving Fund 103 1M S' pore Prot Fund S pore Security Fund S'pore Invest Fund 0.87 0.92 MARA BL'MIPITRA FUND (Maaager* prices tar Sept 9) 1.53148 words
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Article174 1977-09-09 6 B O T 8 1/2% 1981 (100,000) (103 MB 104*8) B O T 7 5/8% 1984 (100.000) (99M8 99 MS) LTCBJ 1982 (100.000) (98MS) Credit Lyonnaia Floating 1983 (100,000) (B6MB 98MS) DBS Converts 6 1/2% 1991 (100,000) (97 MB 98MS) D B 8 8 1/2% 1982 (100,000) (101174 words
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Article124 1977-09-09 6 Rep Spore D Mark 7% 1982 (100,000) (1018 101 MS) Rep Spore 6 1/2% 1983 (100,000) (99M8 100M8) Rep Spore 7 3/4% 1987 (100,000) (100 MB 101 MS) 5 1/2% 1/12/77 (250,000) (100.418 100.518) STF 1/3/78 250,000)(101.47B 101.578) 5 1/2% 1/4/78 (250,000) (101.068 101.218) 5 1/2% 15/4/78 (250,000)124 words
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Advertisement176 1977-09-09 6 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who176 words
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Article, Illustration559 1977-09-09 7 PROFIT-TAKING and stale bull liquidation continued to take their toll on ■hare prices in a generally Suiet Stock Exchange of ingapore yesterday. Fresh interest was scarce as investors and institutions remained uncommitted for want of a clearer lead from overseas markets. A wait-and-see attitude pervaded the market.559 words
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Article451 1977-09-09 7 THE Kuala Lumpur Stock market closed yesterday on an easier note on the absence of support In fairly active trading. On balance, the market finished with losses outnumbering gains three to one. Bears were out In force yesterday, following a long spell of erratic trading amid brief451 words
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INTERNATIONAL STOCK MARKETS
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Article331 1977-09-09 7 HONOKONO: The market closed little changed In quiet trading on Thursday, after an easier opening, dealers said. The Hang Seng Index rose 1.06 points to close at 428.79. Hongkong Bank rose 10 to HK$lB.OO, Jardine Mathis— 20 to $14.70, and WhaoWck Msrd— 2.50 cents to $2.68, while Hutchison fell331 words
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Article550 1977-09-09 7 TOKYO: The market fell sharply on Thursday, following the stock exchange announcement of an Increase In margin requirements for some shares and on the sharp rise In the outstanding balance of buying in margin trading, dealers said. The Dow Jones average lost 28.98 to close at 5,251.33 with volume550 words
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Article437 1977-09-09 7 SYDNEY: Banks again led a firmer market on Thursday, with most Industrials and uraniums higher, dealers said. The Sydney All-Ordlnarles Index rose 2.91 to close at 445.27. The ANZ rose Al5 cents to $3.60. while the National, CBC and CBA also firmed. Breweries retailers, transport and building groups and437 words
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Article143 1977-09-09 7 MANILA: The market firmed on Thursday, although turnover fell to 8.30 million pesos from 13.13 million on Wednesday, dealers said. Trading In oils was active but prices were unchanged, while among commercials. PicoC rose seven points. Philex rose one while Lepanto fell one and Atlas three. SEPT 08 Pen*143 words
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Article102 1977-09-09 7 SEPT 9% Bahta 4■/• Asia Fibre Bangkok Bank Bangkok Invest Bangkok-Metro-polltan Bank Bata Berll Jucker Charoong Thai Wire Dumex Duslt Thanl Faber Merlin First Trust Genera Finance Indo-Thai Industrial Finance Corp J And J Ho Jalaprathan Cement Karnasuta LeeKwangMm Metal Bo* Rama Towers Safety Insurance Saha Union SermSuk Slam102 words
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Article327 1977-09-09 7 AMSTERDAM: The market firmed In quiet conditions om Wednesday. Philips led Dutci; lnternatlonals 1.20 guilders higher although Hoogovens and Philips were unchanged. Elsewhere, banks and most trading and Industrial stocks rose. Among Isolated exceptions were Pahhoed, which fell 1.70. Nationale Neder linden rose 0.20 guilders after announcing higher first327 words
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Article144 1977-09-09 7 BRUSSELS: Share prices closed mixed. In more lively trading on Wednesday, bourse sources said. Hobokrn. Vieille Montagne and Hainaut-Sambre rose while Cockerill, Solvav, Cometra and Arbed fell. ACEC was unchanged with the strike at Its Charlerol plant having little effect. In foreign stocks UK and Dutch were steady. German144 words
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Article301 1977-09-09 7 FRANKFURT: Shares lost ground on Wednesday. In reaction to the gains of recent days, in a session shortened by a bomb alarfh, dealers said. Schsriag lost six marks after announcing lower first half profit. Most other leading shares lost up to 1.50 though Karstadt gained 5.50 marks against the301 words
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Article150 1977-09-09 7 MILAN: The market resumed Its mid-August downward trend on Wednesday, with most sectors closing lower In subdued activity. dealers said. The approaching September month settlement and persistent selling pressure led to a cautious market sentiment, they said. Industrials and financial leaders all lost ground as did banks and Insurances.150 words
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Article394 1977-09-09 7 PARIS: The market was narrowly mixed on Wednesday, market sources said. They said Tuesday's fall, because of apprehension ahead of Wednesday's 1978 budget announcement, was probably overdone. Electrlcals rose, notably Bull, whose CII-Honeywell Bull subsidiary reported a first half profit of 42 million francs on Tuesday. Eta Michelin was394 words
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Article291 1977-09-09 7 ZURICH: Prices advanced In active trading on Wednesday, dealers said. Bally bearer rose while Its registered stock lost an initial gain to close unchanged on balance Oerlikon-Buehrle bearer edged lower and Its registered stock retained a small gain after opening actively hlfcher. Among other flnanclals. banks and Insurances, small291 words
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Article378 1977-09-09 7 JOHANNESBURG: Gold shares on Wednesday, moved firmer In moderate afternoon trade reflecting overseas demand ahead of the IMF auction. dealers said. Earlier. Issues were easier on bullion indications. Financial minings followed gold shares, though in quieter trade. Elsewhere, Ds B—n was unchanged at 517. In coppers, Mmtii declined to378 words
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Article341 1977-09-09 7 TORONTO: Share prices closed broadly higher for the third consecutive session In quieter trading on Wednesday. Advances outnumbered declines 232 to 168. Oolds, real estate, transportation and pipelines were big gainers. National Trust lost 3/8 to 16. Comtech Group shed CIO cents to 53.05 and Maislin Industrie* fell 30341 words
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Article1196 1977-09-09 7 NEW YORK: The stock market closed higher for the fifth straight session on Wednesday, although trading remained sluggish. The market fluctuated throughout the day. as It did on Tuesday. It made a weak attempt to rally after the opening bell, ran Into some mid-ses-sion weakness, and then rebounded.1,196 words
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Article68 1977-09-09 7 FINANCIAL TIMES INDUSTRIALS Wednesday 534.2 Tuesday 525.8 Week Ago 500 9 DOW JONES AVERAGE INDUSTRIALS Wednesday 876.39 Tuesday 873.27 Week Ago 861 49 LONDON DOLLAR PREMIUM Wednesday 87V. to 87'. Tuesday 88*< to 89'« H.K. HANG SENG Wednesday 427 74 Tuesday 431.16 Week Ago 427.73 SYDNEY INDUSTRIALS Wednesday 37068 words
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Page 7 Advertisements
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Advertisement478 1977-09-09 7 BUSINESS TIMES Airline Directory Aeroflot Soviet Airlines 110-112 SKaw Centra, Orchard Rood, <T«J: 377.111) Air Ceylon 302-B, 3rd Floor, Marino Houm SKonton Way, Singapore (1) (Tel: ******3) Air Francs Ground. Floor, ICB Buildina, Shan ton Way Singapore 1 fTd: *****11) 16th Floor, UIC Building, Shanton Way, Singapore 1 (Tol: 2203.277)478 words
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COMMODITY REPORTS AND PRICES
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Article402 1977-09-09 8 ON THE Singapore rubber market yesterday, opening quotations were marked up two cents on higher London advices and then advanced a further two cents on stoploss covering, trade buying and reserve of sellers, dealers said. Past midday, demand for forwards and nearbys caused the market402 words
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Article350 1977-09-09 8 Prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S prompt f.o.b. 217.00 218 OON 218.00 219.OON Int. 1 R.S.S September 218 25 218 75 219.25 219.75 Int. 1 R.S.S. October 219 50 220 00 220 50 221.00 Int350 words
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Article121 1977-09-09 8 NOON SSR and SMR prices yesterday September October R.A.S. (CurrentMtb) (Foi rwardMtb) Buyer* Seller® Buyer* Seller* (cenUg icrkf) <« vtiperkf) SSR 20 <1 ton pallet) 209.00 211 00N 209 50 211 50N SSR 50 (1 ton pallet) 207 00 209 00N 207.50 209 50N MRELB October November121 words
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Article30 1977-09-09 8 Rubber: Sept 8 Singapore: September 219.25 cents (up 5.75 cents) Malaysia: October 221.00 cents (up 5.75 centa) Tin: $1,625 (up $14) Offical offering: 217 tonnes (up 22 tonnes)30 words
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Article203 1977-09-09 8 BANGKOK, Thurs. Indicative prices quoted here today were: (US dollars per tonne fob basis Bangkok) White Rice: 100 pet Ist class 308, 100 pet 2nd class 292. 100 pet 3rd class 288, 5 pet 277. 10 pet 255. 15 pet 252. 20 pet 249 25 pet 240. 35 pet203 words
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Article376 1977-09-09 8 IN A market devoid of overseas bulk buying, Sroduce dealers In Ingapore experienced a very dull period of trading yesterday. Apart from the usual advices received for small lots of commodities from the West Asian ports, the market was quiet with prices moving sideways throughout the day. Copra376 words
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Article354 1977-09-09 8 LONDON, Thurs. Coffee opened £7 to £27 lower on volume of 237 lots. Prices moved Inside a £20 or smaller range at the call. The easier close In New York prompted some early selling. Trade houses bought on the decline and prices firmed, traders said. On Wednesday, coffee finished354 words
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Article72 1977-09-09 8 C.I F Rotterdam. US dollars per ton LONDON Wednesday Previou* Malaysia 5% ffa hulk 445 sir 443 sir Nov Sumatra 5% ffa •Sept 525 pd 505/512 pd Ort 480 pd 440/447 50 pd Nov 452.50 pd 447.50 pd Dec 452 50 pd 445 pd Jan 422 50 pd72 words
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Article228 1977-09-09 8 LONDON, Thurs. Terminal cocoa was down against New York at the opening call by £38 (spot September at £2,664) at £4.50. having first traded £32 lower. Dealer shortcovering helping to reduce the early decline. Dealers said the market appeared to be attracting chart buying around the latest support area,228 words
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Article215 1977-09-09 8 THE STRAITS tin price in Penang yesterday was up MSI4 to $1,625 per plcul or an official offering up 22 tonnes to 217 tonnes. In LONDON yesterday, tin standard finished the morning with cash £15 lower and Three Months £2 higher while high grade gained £15 and £22215 words
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Article334 1977-09-09 8 LONDON, Thurs. Terminal sugar opened around overnight kerb levels showing gains from yesterday afternoon's close of £0.95 to £1.85 per tonne. Open trading saw prices easing back In a thinly traded market partly due to firmness of sterling, dealers said. The sources attributed Initial support to carried over shortcoverlng,334 words
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Article310 1977-09-09 8 HONGKONG, Thurs. The cotton futures market* closed mixed In moderately active trading, after an easier opening, dealers said. October closed 1.45 US cents higher, December and March closed 0.57 and 0.29 cents lower on stoploss selling while July closed 0.03 cents higher on more buying Interest towards the310 words
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Article147 1977-09-09 8 CHICAGO, Thurs. Soybean futures yesterday extended early losses and closed 12 to 9-% cents a bushel down on the day. Last week's lower than expected export Inspections and possibilities of an earlier harvest because of dry Midwest weather {>rompted local long Iquldatlon and speculative selling which pressed prices lower.147 words
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Article82 1977-09-09 8 CHICAGO, Thurs. Wheat futures yesterday posted a loss of Vi cent in the September but gains of to l-v« cents a bushel in other months at the close. Large deliveries by a commercial In the morning and commercial selling in the pit added to the weakening influence of declines82 words
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Article344 1977-09-09 8 LONDON, Thura. Copper wire bars declined by £9.50 per tonne all round. Values worked lower under general liquidation and short selling prompted by currency consideration and relatively poor consumer demand, dealers said. Three Months traded down from £704 In the premarket to £897 in the ring and to £690.50344 words
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Article223 1977-09-09 8 LONDON, Thurs. Silver eased by 0.1 to 0.4 pence per troy ounce. The firm New York close aided the market early on, but the strength of sterling and the downward trend in base metals had a restraining influence during slow ring dealings. Three Months finished changing hands at 262.5223 words
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Article368 1977-09-09 8 GOLD opened higher on the Singapore gold market yesterday following encouraging IMF gold auction results. The kllobar opened at 5511,680 and profittaking weakened prices to a low of 5511,650. However, after lunch break, European support lifted prices higher to a peak of 5511,705 before easing slightly to close at368 words
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Article86 1977-09-09 8 LONDON, Thurs. Zinc declined by mostly £8.25 per tonne. The heavy stocks position and the lack of influential market support continued as a depressing Influence, dealers said. General liquidation and subsequent stoploss selling featured dealings which pushed Three Months from £313 at the outset of the pre-market down to86 words
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Article92 1977-09-09 8 LONDON, Thurs. Lead closed with losses of £3 for cash and about £4 for Three Months. Values gave ground In sympathy with copper but this metal found fairly good general buying support for Three Months at the £329 level. Additional cash buying was also an underplnlng Influence. Sales of92 words
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MONEY AND EXCHANGES
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Article572 1977-09-09 8 THE MONEY market rates for overnight funds reacted sharply upwards when dealings resumed yesterday morning. It was the market concensus that Wednesday's closing rates of 2 1/2 per cent were too low a figure and thus opening quotes were adjusted upwards to 4 per cent and 3 3/4 per572 words
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Article45 1977-09-09 8 ACBC 6*« 6'« Alfenent Bank m Citibank 7 HSBC Bank of America m Indoauez «>. Bank of China 7 C>. Bank ot Tokyo Bank Negara OCBC Indonesia 7 OL'B ««4 Chartered Bank 6 l 4 L'CB 7 L'MBC 7 DBS IS COB «H45 words
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Article161 1977-09-09 8 Asian rates ASIAN currency deposit Interbank rates as at close on Sept 7 days 1 mth 2 mths 3 mths mths 9 mths 12 mths US Dollars (Spoil Offer Bid a*. ...65/16 6 3/16 6 5/16 6 3/16 ...6 9/16 67/16 6S 6H ..6* «S Sw. Pra. Dbm. 1 mth161 words
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Article48 1977-09-09 8 RANGE of prto es offered by discount houses on Sept Overnight 34 i« Call Deposit 3% to 3*% CImtng Buy io( SeBtac 3-Month Treasury bills 11/16 2 15/16 3-Month Bank bilU 4 3/a 41/4 3-Month CD 413/16 411/16 6-Month CD 51/16 415/16 Source: National Discount Co. Ltd.48 words
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Article112 1977-09-09 8 Euro rates LONDON, Thurs. Eurodollar deposit rates showed little change in quiet early trading, dealers said. Near period rates were adjusted higher by up to 3/8 on the loss of the Friday dealing technicality. Rollover business and Far Eastern interest was light, dealers said. Among steady day-to-day rates, weekend opened112 words
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Article159 1977-09-09 8 NEW YORK, Thurs. Sterling and the swlss franc yesterday provided the main features of a generally quiet trading session here, dealers said. Sterling closed virtually unchanged on Its opening level at U551.7425/30, after rising to 1.7430/35 at one» stage on news the Trades Union Congress conference voted to159 words
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Article214 1977-09-09 8 LONDON, Thurs. Sterling extended yesterday's late advance on the 2.8 million majority TUC vote on 12-month UK pay settlements, moving rapidly In opening trading to U551.7437/39 from 1.7432/34 overnight, dealer said. Demand was active, particularly from Europe, and forward sterling discounts against the dollar narrowed further from overnight, they214 words
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Article133 1977-09-09 8 TOKYO, Thurs. The US dollar for overnight dellvery closed slightly lower at 266.72 yen after a 266.90 opening and 267.47 at yesterday's close. After opening easy, reflecting an overseas dollar decline, the US unit fell further on sustained selling by Japanese and foreign banks and forward dollar selling by133 words
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Article118 1977-09-09 8 HONGKONG, Thurs. The US dollar eased to 266.65/75 yen from Its New York midpoint close of 266.81 after opening higher at 267.00 In fairly active trading, dealers said. The US unit also eased slightly to Dm 2.3180/85 from its 2.3201 New York midpoint close but recovered slightly from Its118 words
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Article54 1977-09-09 8 AUSTRAL!A/NZ exchanges on Sept 8: Australia: Sterling 0 8307/0.6298 US dollar 1 1080/1 1012 Ninety-day air mall buying rate* Sterling ***** US dollar 1.1310 Ninety-day forward buying rates Sterling 0.6318 VS dollar ***** New Zealand: Sterling 0 5508/0.5537 US dollar 0 9753/0 9653 Ninety-day forward rate Sterling 0 566454 words
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Article55 1977-09-09 8 ZURICH exchanges closing quotes on Sept 7: US 2 3813-3823 UK 4.1500-4.1530 Can 2 2186-2 2185 W Orm 102 80-90 Neth 97 24-32 France 48 .58-80 Beit e rf-w-fle-w Denm 38 72-78 Norm 43 77-80 Sved 49 04-08 Italy 0 2809-2702 Austria 14.44-48 Port 5.88-90 Spain 2 81-W-82 Arf55 words
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Article204 1977-09-09 8 LONDON, Thurs. Convertible bonds were quiet and little changed among both US and Japanese issues but two UK convertibles, ICI and Beecham, were both higher In fairly active turnover following their higher share prices on the UK stock market, and with sentiment affected by the strength of the UK204 words
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Advertisement310 1977-09-09 8 from Penguin IN PENGUINS Yukio Mishima firmly upheld the traditions of Japan's imperial past, which he believed were being slowly eroded by Western materialism. Disillusioned he astonished the world* in 1970 by committing hara-kiri or ritual suicide by disembowelment. One of his last works, Runaway Horses, is now published in310 words
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TRANSPORT AND COMMUNICATIONS
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270 1977-09-09 9 THAI International should begin operating Airbuses on the Bangkok/Singapore run by the second half of 1978. Meanwhile, Its first two airbuses, ordered from Airbus Industrie of Toulouse, France, will be ready for operation on the Bangkok/Osaka run by November this year. Thai270 words
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122 1977-09-09 9 Reuter OSLO, Thurs. Fred Olsen offshore company Is negotiating with China for the sale of the three-year-old semi-submersible rig Borgny Dolphin for dellvery at the end of this year, director Krlstian Slem, said. He declined to give any price and denied reports that ChinaReuter - 122 words
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Article204 1977-09-09 9 WASHINGTON, Thurs. Toyota Motors Is recalling 134,605 Corona cars to correct a defect that reportedly has caused 54 fires In the centre consoles of these vehicles, the National Highway Traffic Safety Administration announced yesterdav. Models involved are the 1970 through 1972 Corona and Corona Mark II with204 words
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Article72 1977-09-09 9 AFP MOSCOW, Thurs. The high-speed train ER-200, designed to cover the 650 km between Moscow and Leningrad at speeds of up to 200 kph has started trial runs, the "Moscow Evening" newspaper reported. Trains between the two major Soviet cities now hit top speeds of 160 kmAFP - 72 words
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853 1977-09-09 9 TERESA LIM - By TERESA LIM SHIPBUILDERS in Singapore, slump notwithstanding, are not going to plunge Into the "floating factories" market without careful consideration first. Most feel that demand In that field is spasmodic and it Is not a flourishing Industry by any means.853 words
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993 1977-09-09 9 For more than 10 years the port of Long Beach, California, has been running the famous Queen Mary ocean liner as a tourist attraction. It attracts a million people and earns more than US$lO million a year, but runs at a loss. TheFT - 993 words
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Article581 1977-09-09 9 ARRIVALS Service Operator Number KAL KE807 0015 CAL CT331 0040 MAS MH082 0610 PAN PA847 0810 OIA OA0OO 1000 OIA OA9SO 1030 SIA SQ211 1045 OIA OA944 1055 OIA OA908 1100 PAL PR501 1115 RBA BI325 1155 SIA SQ240 1210 KLM KL833 1240 MAS MH684 1240 SIA581 words
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Article204 1977-09-09 9 AP LONDON, Thurs. Chartering on the London shipping freights market resumed a more normal volume yesterday, as North American grain voyage fixing expanded, along with brisker time chartering business on a worldwide basis. Most of the grain Interest concentrated In the Oreat Lakes and St. Lawrence, whoseAP - 204 words
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Article65 1977-09-09 9 HOEGH Lines have ordered two "king size" multipurpose cargo liners from Kawasaki Heavy Industries. These 25,000 dwt ships are specially designed for the round-the-world service between North America, South-east Asia and West Asia. The ships will be readv for delivery in the first half 1979. Hoegh65 words
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334 1977-09-09 9 LONDON, Thurs. RollsRoyce is to undertake an Internal study of Its research and development activities, to discover where the company's efforts in this field need to be strengthened. Sir Kenneth Keith, chairman, has asked Dr. Abe Sllversteln, a scientist formerly with the U.S. National334 words
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105 1977-09-09 9 Use supertankers to stockpile oil' plea Reuter TOKYO, Thurs. The Japan Shipowners Association said yesterday It had urged the Government to use supertankers for stockpiling oil to help local shipping companies over the tanker market slump. The association proposed that 20 tankers of over 200,000 deadweight tonnes be laid upReuter - 105 words
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Article, Illustration350 1977-09-09 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Golden Glory (1500 after King River) 23/24 Jurata (1830 after Straat Chatham) 35/36 King Sun (0600) 22 New Star (0700 25/26 Palm Sea Horse (Tanker) (0500 P/O) 14 Perils (after Perak) 21 East Torvanger (tanker) (1500 after Palm Sea Horse L Straat Frazer350 words
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132 1977-09-09 9 Reuter LONDON, Thurs. British Airways and Lufthansa officials are to meet to discuss a request from the West German airline to operate an extra weekly flight from Frankfurt to Hongkong, a Department of Trade spokesman said yesterday. He said the British and West GermanReuter - 132 words
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Page 9 Advertisements
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Advertisement47 1977-09-09 9 Tafc IM7NI. 2U7«U. 2117M1 MERLION SHIPPING AGENCY PTE. LTD SPECIALISED SHIPPING SERVICES WORLD WIDE REEFER CHARTERS HEAVY LIFT RO-RO VESSELS OFF SHORE SUPPLIES SERVICES CREW ROSTER AND MANAGEMENT LINER SHIPPING SERVICES FOR MORE DETAILS RING *****44 OR CALL AT: 1101-B MARINA HOUSE 70 SHENTON WAY SINGAPORE 247 words
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Advertisement96 1977-09-09 9 And IBS are just the people who can do the job. On any aspect of finance, International trade, Foreign Exchange, Industrial Financing and a whole broad range of credit facilities designed for your corporate needs. We don't just talk we make it our business to help people do, whatever they96 words
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Article, Illustration2125 1977-09-09 10 SUSAN BEVAN; LOW LEE CHOO; SUSAN BEVAN; LOW LEE CHOO - SUSAN BEVAN and LOW LEE CHOO look at the commodities which will figure in the Asean US dialogue in Manila. Now that it is widely realised that stabilising the prices of raw materials is not a concealed way of asking for aid, there are2,125 words
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Article, Illustration1856 1977-09-09 10 COLIN JONES - By COLIN JONES FT AFTER THE outcry about the recorded profits announced a few weeks ago by some of the bigger nationalised Industries, the chairmen of these State concerns could hardly have been blamed if they had said they wereFT - 1,856 words
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Page 10 Advertisements
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Advertisement472 1977-09-09 10 \'WJk s* I V: Ik I J Rjfl > 3*' BMALAYSIAN BUSINESS, the monthly business and ■Economics journal of Malaysia, ofiers you in its AUGUST 1977 issue: TEN YEARS OF ASEAN The Bangkok Declaration of August 8, 1967 brought into being the Association of South-east Asian Nations (ASEAN). For guite472 words
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299 1977-09-09 11 TOKYO, Thurs. President Carter's special trade representative urged Japan to liberalise Imports of agricultural products to ease a "growing 111 feeling" In the United States over problems about trade with Japan. Mr. Alan Wolff, Mr. Carter's deputy special trade representative, made the299 words
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193 1977-09-09 11 AFP JAKARTA, Thurs. A Canadian and Indonesian technical cooperation agreement for a long-range power study on the Island of Sulawesi was signed in Jakarta today by Indonesian Acting Minister of Public Works and Electric Power, Mr. Mohammad Jusuf, and the Canadian Ambassador, Mr.AFP - 193 words
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566 1977-09-09 11 Reuter GENEVA, Thurs. Most sectors of the European forest products market recovered partially last year from the depressed conditions of 1975, while one product particle board rose to new record levels of output, trade and consumption, a United Nations report said. TheReuter - 566 words
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2316 1977-09-09 11 MANILA, Thurs. Asean today called on the developed countries to remove all barriers to the entry of Asean products and explore the extension of development financing to Asean. Philippine Foreign Secretary Carlos Romulo, speaking for the five-nation Asean at today's opening of the2,316 words
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Article558 1977-09-09 11 Reuter JAKARTA, Thurs. President Suharto has ordered a national campaign against corruption to be stepped up, especially In central Java where a regency chief Is under investigation, Antara news agency reported today. Major-General Sumltro, commander of the Central Java military district, said that the regentReuter - 558 words
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Article133 1977-09-09 11 AFP TOKYO, Thurs. In a show of confidence In economic management. Finance Minister Hideo Bo said today he expected the government to achieve Its growth target of 6.7 per cent In fiscal 1977. Speaking at a meeting of the Finance Ministry's regional bureau chiefs, heAFP - 133 words
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Article78 1977-09-09 11 A ONE-DAY logging seminar was held at the DBS Auditorium yesterday. The seminar, attended by about 100 participants, was organised by Indonesia's P.T. Traklndo Utama, dealers In heavy equipment, including Caterpillar equipment. Among the participants were representatives from logging companies in Indonesia and buying agents and78 words
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Article99 1977-09-09 11 UPI TOKYO, Thurs. Two Japanese companies have received a U5568.87 million (***** million) order from the Algerian Textile Corporation for construction of a synthetic fabrics manufacturing plant, Nlhon Kelzal newspaper reported today. The financial dally said C. Itoh and Co. and Kawasaki Heavy Industry Co.UPI - 99 words
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239 1977-09-09 11 AFP HONGKONG, Thurs. A Pakistani consular official today refuted a local newspaper's report that a raw cotton crisis In Pakistan would mean there would be no surplus for export. Vice- consul Afzar Shafqat said the paper's report was Incorrect Mr. Shafqat said Pakistan'sAFP - 239 words
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360 1977-09-09 11 Singapore traders you are much too cautious SINGAPOREAN businessmen are champions at "chatting up" their business contacts, but not so good when It comes to signing on the dotted line, says Mr. John Wilkin, leader of the Leicester and County Chamber of Commerce's 12-man trade mission which will arrive in360 words
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244 1977-09-09 11 THE European Commission will sponsor a three-week seminar on "The management of technology transfer" beginning in Singapore on Sunday. Announcing this yesterday, the Belgian Ambassador, Mr. M. Depasse, as representative of the Pesldency of the European Economic Community said this is a continuation of244 words
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Article38 1977-09-09 11 TOKYO, Thurs. Japan's preliminary housing starts In July rose 17 per cent to 139,000 from a downward revised 118,780 In June, but were down 12 per cent from 158,020 In July last year, the Construction Ministry said.38 words
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233 1977-09-09 11 HONGKONG, Thurs. Hongkong's Export Credit Insurance Corporation views trade prospects with a mixture of optimism and pessimism. On the bright side. Its annual report for the year ending March 31 noted that in the textile Industry, Hongkong's biggest, flexibility and diversification had improved233 words
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Article120 1977-09-09 11 AFP AFP BANGKOK, Thurs. Thailand's investment climate has greatly Improved in the first eight months of this year, according to the Secretary General of the Board of Investments, Mr. Somporn Bunyakoop. The general Investment climate was much better than the last two years, he said. Both localAFP - 120 words
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Advertisement195 1977-09-09 11 Applications are invited from suitably qualified and career-minded persons to fill the following vacancy: Post: ical Engineer Qualifications: Must be a qualified Mechanical Engineer with 3 5 years' manufacturing experience. Qualities of right motivation, technical ability, resourcefulness and management skills are essential in this job. Prospect: Career advancement within the195 words
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Article, Illustration358 1977-09-09 12 KUALA LUMPUR, Thurs. Datuk Hussein Onn told government servants today to Implement development projects sincerely In line with the spirit and alms of the Third Malaysia Plan and the New Economic Policy. He advised those Involved With planning and Implementation to be really conversant358 words
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Article299 1977-09-09 12 Reuter TJDKYO, Thurs. Twentyone Japanese companies pfen to Issue externalbonds or European depositary receipts, worth roughly US$495 million ($1,312.6 rntllion) In total, during the fotirth quarter, securities sources said. The figures compare with |1 companies issuing $485 million in the current quarter and 16 companiesReuter - 299 words
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193 1977-09-09 12 SINGAPORE is examining the possibilities of reactivating the Singapore/ Bali flight-route. It is presently studying the conditions posed by the Indonesian civil aviation authorities, and will convene a meeting in a few months' time, when it has completed its study. The subject of reopening193 words
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Article116 1977-09-09 12 AP TOKYO, Thurs. Niigata Engineering Co. and Tokyo Boelki Ltd., both of Japan, said today they have signed a 3.3 million yen (5530.14 million) contract to provide the Soviet Union with a loading system for oil tankers. Niigata officials said the system, capable of loading crudeAP - 116 words
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Article156 1977-09-09 12 THE Housing and Development Board (HDB) may find itself the managers of the largest insurance fund for workmen's compensation in the Republic as the size and scale of its operations increase. A prime source of premium income was taken away from insurance companies here when the156 words
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Article194 1977-09-09 12 LONDON, Thurs. The Singapore Government and former Haw Par Brotben International chairman, Richard Tarling, have both petitioned for leave to appeal to the House of Lord* in the tug-of-war extradition case. Tar ling, 42, is appealing against the Divisional Court's judgment on July 29, dismissing194 words
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Article74 1977-09-09 12 SINGAPORE'S total foreign exchange reserves continued to increase unabated reaching $8.74 billion in May. The figure Is $133.3 million more than the previous month and 10.3 per cent higher than the position last May, when it hit $7.9 billion. Total reserves are made up of74 words
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435 1977-09-09 12 Reuter BRUSSELS. Thurs. The Common Market wants a sharp reduction in textile exports to the EEC by producer third countries but Is willing to offer them more security for their sales under the renegotiation of the international textiles agreement, EEC textiles negotiatorReuter - 435 words
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132 1977-09-09 12 THE Hongkong and Shanghai Banking Corporation and the Asia Commercial Banking Corporation (ACBC) will be the first two commercial banks In Singapore to make payments for telephone bills on behalf of depositors when their service starts on Oct 1. After subscribers have Joined the scheme,132 words
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Article206 1977-09-09 12 AFP KUALA LUMPUR, Thurs. A seven-member Kuwaiti delegation, headed by Oil Minister Abdel Muthallb Al-Kazeml will arrive here on Sept. 12 for talks with Malaysian leaders on possible Kuwaiti assistance for the development of Malaysia's oil Industry. During his three-day stay here, Mr. Al-KazemlAFP - 206 words
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509 1977-09-09 12 THERE Is mounting concern among Petronas officials on the future of .Malaysia's oil Industry. Rapid growth of the Industry has also generated the fear that the oil will run out just as rapidly. Questions are being asked whether the rate of extraction509 words
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Article166 1977-09-09 12 AT THE end of July, the Post Office Savings Bank (POSB) reported total deposits of $1.32 billion, up nearly 70 per cent from the figure a year ago. Despite a dip in monthly amounts deposited in May and June this year, following a lowering of166 words
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432 1977-09-09 12 KUALA LUMPUR, Thurs. The Malaysian Government will actively study a downward revision of taxes on gold bullion, diamond, gold jewellery and other precious stones following representations made by members of the gold. Jewellery and precious stones industry. This was stated by Deputy432 words
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Article803 1977-09-09 12 LONDON. Thurs. The stock market here closed mixed In active trading, dealers said. At 3 pm the Financial Times Index was down 0.8 at 533.4 after 542.9 at 11 am. The trend to lower Interest rates and exhaustion of the government broker's medium tap stock this morning continued803 words
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Advertisement32 1977-09-09 12 SIN CHEW JIT POH the largest Chinese daily in Singapore We are the paper for the publie businessmen, consumers in fact, everybody See what we are up to these days at >4B€X"32 words
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Advertisement205 1977-09-09 12 .V V TV *V «v r >Nt 11 *«S vr< .-V s>r L'V "S 2si y -rrri: •>•••»», OU Uii I no n u u»« s\ The Biggest Difference Is In The Bill All the good things you expect await you at the Tradewinds Manila. A large-sized swimming pool, matching205 words
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