The Business Times, 15 September 1977
1977-09-15
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The Business Times
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Title Section10 1977-09-15 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, SEPTEMBER is, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article69 1977-09-15 1 Reuter MANILA, Wed. Some 1.250 billion pesos (Ss4l4 million) have been spent by service contractors in oil exploration activities in the Philippines since 1973, according to the Energy Development Board (EDB). In a report today, the EDB said that over a fiveyear period, the local exploration industryReuter - 69 words
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Article58 1977-09-15 1 AP OSLO, Wed. Late election returns today gave the leftist Socialist Party a 78-77 majority in Parliament in a turnaround that would put Prime Minister Odvar Nordll back in power. The switch came 24 hours after a four-party non-socialist coalition had been pronounced the election winners with aAP - 58 words
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Article77 1977-09-15 1 UPI WASHINGTON, Wed. Budget Director Bert Lance charged today that calls for his resignation are based on "allegations, innuendos and hearsay, and said such calls before he can defend himself might harm the government's ability to attract executives. "How do we get people to be willing toUPI - 77 words
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Article58 1977-09-15 1 AP HONGKONG, Wed. Thailand has obtained a US$2O million (5548.8 million) loan from a group, of banks headed by Chase Manhattan Asia under an agreement signed in Hongkong today. The five-year Euro-dollar loan, guaranteed by the Thai Government, will be used by Thailand's Metropolitan Waterworks Authority to financeAP - 58 words
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Article90 1977-09-15 1 AFP TAIPEH. Wed. Visiting chairman of the US Export and Import Bank John Moore, Jr., said here today that his bank anticipates continuing to do business with Taiwan after US normalisation .of relations with Peking. Speaking at a press conference before departing for Seoul at the endAFP - 90 words
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Article103 1977-09-15 1 UPI NEW YORK, Wed. Stocks struggled for direction early today In the wake of Chase Manhattan Bank's decision to raise Its prime lending rate a quarter point to 7K per cent. Trading was moderate. Against this background, the Dow Jones industrial average, which eked out a 0.18 pointUPI - 103 words
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Chief Price Changes
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Article, Illustration165 1977-09-15 1 TRADING was quiet but steady on the Stock Exchange of Singapore yesterday. Advances, though marginal, outnumbered declines in the absence of any selling interest. Reflecting the improved sentiment, the Business Times index closed 4.31 points higher at 431.00 and the Straits Times Industrial index inched 0.56 point165 words
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Article103 1977-09-15 1 Rites Most ective M. Flour 3.14 .08 oime Darby 84,000 Sentosa 2.06 .08 Olympla 83.000 FEL'ston 2.80 .05 Sentosa 57,000 S. Lumber 1.00 .05 CfcC 54,000 Berluntal Carls berg 7.00 +.05 Total Turnover: 1.00 11 3.80 +.04 Total Value: MSI.92 M C. Sugars 2.34 .04 Fusan U.O.B.103 words
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Article855 1977-09-15 1 QUEK PECK LIM - DOMESTIC LOANS TOTAL $1.7b By QUEK PECK LIM SINGAPORE'S domestic borrowings are now running ahead of the borrowings Incurred for the whole of the last fiscal year. With the successful completion of the $500 million government registered stock offer yesterday, Singapore has borrowed a total855 words
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Article152 1977-09-15 1 COMPANY cars registered on or after Friday will not be eligible for the preferential rate of additional registration fee (PARF). The new ruling was Issued yesterday by the Registry of Vehicles. However, the ROV will permit old company cars to continue being used if they152 words
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Article, Illustration544 1977-09-15 1 A EUROPEAN management expert, Professor Henri-Claude de Bettignles yesterday called for "more political commitment" In the relationship between Asean and the EEC. The Asean-EEC relationship, he said, should not be confined to dialogue In trade and export promotion only. He told a luncheon gathering of the544 words
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285 1977-09-15 1 TWO Singapore firms have been appointed consultants to projects worth $350 million to be set up on the Indonesian Island of Batam, 20 km south of Singapore. The companies, Unltech International and Trans Asia Consultants have been hired by the developers P.T.285 words
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Article275 1977-09-15 1 ONE Important benefit of having every new town built In Singapore with a representative cross-section of Singaporeans of all races and religions is that there will be fewer Members of Parliament who will not understand and support policies necessary for a multi-racial, multlrellgious Singapore, because275 words
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Article127 1977-09-15 1 Reuter WASHINGTON, Wed. The International Finance Corporation (IFC), a World Bank affiliate, said there should be greater cooperation between developed and developing nations. The IFC said in its annual report that direct foreign Investment had become a matter of controversy between developed and developing nations andReuter - 127 words
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264 1977-09-15 1 TERMS WERE announed yesterday for the first foreign convertible bond to be floated on the Asia dollar market a US$2O million (SMB.B million) issue for the Japanese company, Sumitomo Electric. A spokesman for DBS Daiwa Securities International, the only Singapore institution included in the264 words
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649 1977-09-15 1 Reuter AFP LONDON, Wed. The stock market recorded an all-time high of 543.9 here today after climbing back from the recession doldrums of three years ago Cheers rang round the London Stock Exchange, where all eyes had been on the Financial Times IndexReuter; AFP - 649 words
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Page 1 Advertisements
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Advertisement45 1977-09-15 1 Colour TV is simply great SEE PAGE 2 Oversees News/TV ft Oversees Stacks P7 Radio —PI Commodities -PS Oversees Newi/ Transport ft Oeeswords PS CnnensirstVwM PI Local Co. News -P4 Features Pl« Istsrnatiooal Co. News -PS Local ft Overseas Local Stack -P« News Pll, 1245 words
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Advertisement130 1977-09-15 1 We're great LISTENERS ...so, talk to us. Because we stay tuned to what goes on in the world of finance, we can give clear, sound advice. We are constantly developing new and imaginative plans to meet the financial needs of both small and big businesses. As a specialised financial institution,130 words
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Advertisement66 1977-09-15 1 %[!((*")>%+([$~~~"/@+=:_/[;$-~& SEE BACK PAGE 1 I ft H Flight hostess Helen Chiu. Daily flight departs at 10.45 am arrives Hong Kong at 2.50 pm and continues on to Taipei arriving at 5.25 pm. For reservations call your travel agent, or Cathay Pacific Hongkong* discovery airline Vs. at *****1. CATHAY PACIFIC66 words
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OVERSEAS
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511 1977-09-15 2 AFP WASHINGTON, Wed. Imports of cotton, wool and man-made fibre textiles into the United States continued to pick up In July, following a decline during the first months of this year, according to figures released yesterday by the US Department of Commerce. Total ImportsAFP - 511 words
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329 1977-09-15 2 Reuter GENEVA, Wed. Sugar exporting countries yesterday studied proposed export quotas allocated to them under a new International sugar agreement being negotiated here, conference sources said. At the same time the 72natlon conference, discussing the proposed pact, considered an American plan to set upReuter - 329 words
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Article64 1977-09-15 2 AP WASHINGTON, Wed. The Carter Administration yesterday urged the Senate to require warnings on products containing saccharine. A Joint statement by the heads of the Food and Drug Administration, National Institute of Health and Federal Trade Commission called for reinstatement of warning requirements that were deleted from legislationAP - 64 words
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152 1977-09-15 2 Reuter SAN FRANCISCO. Wed. Hans-Gunther Sohl, vice chairman of the Federation of German Industrie*, criticised the US in a speech for what he said was its repeated recommendation that Germany strive for a balance of payments deficit. He told world businessReuter - 152 words
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Article152 1977-09-15 2 Reuter LONDON, Wed. Net Investment and speculative purchases of gold of only 65 to 140 tonnes are required this year to balance supply and demand, according to tentative estimates by Charter Consolidated Ltd. Charter Consolidated expects a modest strengthening in the average price ofReuter - 152 words
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367 1977-09-15 2 Reuter WASHINGTON, Wed. An allegation has been made that US Budget Director Bert Lance tried to get a federal banking official to quash a disciplinary order against one of his banks. The Senate committee Investigating Mr. Lance's tangled financial affairs yesterday questioned Mr.Reuter - 367 words
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304 1977-09-15 2 Reuter ROME, Wed. World cereal stocks are mounting sharply with large harvests this year which could equal last year's record crop, the US Food and Agriculture Organisation (FAO) said today. A FAO report forecast that world cereal production this year could total 1,362 millionReuter - 304 words
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Article71 1977-09-15 2 UPI WASHINGTON, Wed. Soviet grain buyers have ordered another 150,000 tonnes of American wheat In their second grain purchase of the week, the Agriculture Department announced yesterday. A purchase of 150,000 tonnes of corn was announced on Monday. Officials said the latest order brings Soviet purchases forUPI - 71 words
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197 1977-09-15 2 UPI UNITED NATIONS. Wed. Rich and poor nations appeared to be heading for a battle at the United Nations today over a Third World resolution criticising the West for not doing enough to create a new world economic order. The spilt emergedUPI - 197 words
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Article123 1977-09-15 2 Reuter LUXEMBOURG, Wed. EEC Commission president Roy Jenkins yesterday attacked Common Market budget ministers for slashing over 870 million European units of account (552.3 billion) last July from the community's proposed 1976 budget.. Mr. Jenkins told the European Parliament, debating the 11.6 billion EUA draft budget, thatReuter - 123 words
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Article75 1977-09-15 2 AFP PARIS, Wed. A second world conference and exhibition on advertising will be held next May In Paris, the organisers announced here today. Next year's event will have three times more exhibitors than the 1977 "International Advertising Market" (lAM). the theme will be "New Ideas".AFP - 75 words
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468 1977-09-15 2 FT LONDON, Wed. A system of appeal for anybody facing serious criticism In a report produced by Trade Department Inspectors after an investigation of a company's affairs under the Companies Act, has been proposed to the Labour Government by Lord Shawcross, chairman of the CityFT - 468 words
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306 1977-09-15 2 NYT NEW YORK Wed. Although 480 corporate political action committees" contributed US$5.B million (5514.2 million) to 1976 political campaigns none of the committees accounted for more than one per cent of the total, according to a study prepared by the Federal ElectionNYT - 306 words
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375 1977-09-15 2 Reuter SAN FRANCISCO, Wed. The copper Industry has yet to see any pick-up In demand from the power transmission Industry, one of the major copper consuming areas in theUS economy, Asarco Inc vice chairman Simon Strauss said. Mr. Strauss said in an Interview atReuter - 375 words
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Article57 1977-09-15 2 AP LONDON, Wed. The US and Britain have launched secret new moves to stop oil reaching the beleaguered white government of Rhodesia through neighbouring South Africa. British, Commonwealth and other authorities, reporting this yesterday, said the combined Washington-London operation alms at speeding a Rhodesian politicalAP - 57 words
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314 1977-09-15 3 Reuter LONDON, Wed. The UK government and the Confederation of British Industry believe the US Senate Foreign Relations Committee could recommend ratification of the UK-US double tax treaty without reservation, informed sources said. This follows a postponement of the committee vote untilReuter - 314 words
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1013 1977-09-15 3 AP NYT WASHINGTON, Wed. The Carter Administration, acknowledging the problems posed by rising unemployment and sluggish growth, Indicated yesterday It Is prepared to spend more money to stimulate the United States economy If current efforts falter. Two key Administration figures delivered speeches spellingAP; NYT - 1,013 words
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Article339 1977-09-15 3 Reuter NEW YORK, Wed. Chase Manhattan Bank, the third largest US bank, yesterday raised its prime lending rate a quarter point to 7 1/4 per cent, effective today. The increase in the rate charged corporate borrowers was the first by a major bank since an industry-wide shiftReuter - 339 words
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Article97 1977-09-15 3 Reuter NEW YORK, Wed. US housing starts will be two million or higher this year, with the second half stronger than the first, Citicorp Subsidiary Advance Mortgage Corp. said. It said, In a study of housing trends, there is a backlog of demand to support an equallyReuter - 97 words
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Article132 1977-09-15 3 OTTAWA, Wed. The number of unemployed In Canada rose slightly last month to 838,000 but remained below the record level set last April, according to official figures issued yesterday. This represents 8.2 per cent unemployed, compared with 8.1 per cent In July and 8.3 In April. Italy132 words
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287 1977-09-15 3 AP WASHINGTON. Wed. A private study published yesterday says the world is not in much dancer of running out of oil and gaa soon, but that the United State* should take precautions against a new cut-off by Arab oil producers. The studyAP - 287 words
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Article39 1977-09-15 3 AFP MOSCOW, Wed. The Soviet authorities, far from hostile to the French largecapacity Airbus, would like to see the plane begin flights to Moscow within six weeks, a senior official of the Civil Aviation Ministry said. AFPAFP - 39 words
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445 1977-09-15 3 NYT LONDON. Wed. The British pound,' like Eliza Doollttle, Is becoming so respectable It's almost embarrassing. For the first time since 1971, International operators yesterday had to pay more for pounds they want In six months than pounds cost now. This confidence thatNYT - 445 words
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Article275 1977-09-15 3 Reuter WASHINGTON. Wed. Former vice President Nelson Rockefeller today proposed creation by the Federal Government of a US$lOO billion (552.45 billion) corporation to finance increased energy production within the United States. He told a hearing of the Senate Finance Committee that the corporation would share theReuter - 275 words
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Article140 1977-09-15 3 Reuter MADRID. Wed. The Spanish Government set up 13-man committee today to reform the country's stock exchange. The Vice-premier for economic affairs, Professor Enrique Fuentes Quintana, told the committee at a ceremony the stock market must expand to become a real hub of the country'sReuter - 140 words
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Page 2 Advertisements
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Advertisement206 1977-09-15 2 Where the Action is... Situated in Orchard Road the centre of tourist, shopping and hotel hub in Singapore Queen 's Hotel Goodwood Park Hotel p f Honday tnn Oberot Imperial Hotel s>nangn-»a now Cockpit Hotel Ladyhill Hotel Marco Polo Hotel \m Hotel Phoenix Hotel Malaysia *]> J Ming Court Hotel206 words
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Page 2 Miscellaneous
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Miscellaneous56 1977-09-15 2 SMe'S ft=»ST ftND ftOjSiNG, uj«T»4 (T ~YOO KNOOJ VOUi IN COUJBOV Hums SOnGXC PUPS ft COIN \N Tut fve ftND Tvt. &UNF»OWTeC. SWOCJTS ft KXJE THOUGH \T BfcFOftE. if LfiNPS P &ers someoNe to ft MftNOfuL Of Cows into -t*k. PIC f*o BtFoCfe. Trtey WIT TH6. Dec< SMC'& Tyfto Tue56 words
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Miscellaneous50 1977-09-15 2 THE WEATHER WEATHER report for U hour* prior to 7.30 pm on Sept 14 at Singapore airport. Maximum Temperature Sl B# /r Associated Humidity *1 Mia imam Temperature Aeoociated Humidity Hour* of Sunshine Rainfall in Millimetre. rj™ Total Rainfall for the Month 'W. 2 Total Rainy Days for the Month50 words
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Miscellaneous923 1977-09-15 2 •MM SINGAPORE 5 10.00 AM Opening announcements followed by Syawal (Malay) 10.35 Beauty and The Beast 0 11.15 Holiday Matinee A New Kind Of Love Starring: Paul Newman, Joanne Woodward, Thelma Ritter, Eva Gabor 1.00 Selamat Hari Raya (MalayRepeat) 0 1.55 Malay Movie Jauh Di-Mata 0 3.30 Asean All-Star Performance923 words
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Page 3 Advertisements
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Advertisement216 1977-09-15 3 Non-stop to New Zealand. Non-stop comfort Non-stop service. Non-stop entertainment. There's only one way to get to New Zealand in one hop. Non- 10-channel stereo and in-flight movies. For full details contact your Travel Agent or suy. The fastest way. The most comfortable way. Every Tuesday First-class South Pacific cuisine216 words
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COMPANY NEWS
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780 1977-09-15 4 DESPITE Incurring higher depreciation charges for carrying additional stocks, Metro Holdings has managed to report another record profit for the current year ended March 31, 1977. Group pre-tax profit rose 10.2 per cent to $4.85 million on turnover Increase of about 20 per cent to780 words
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Article323 1977-09-15 4 GUTHRIE Ropel has joined the ranks of plantation companies reporting massive increases in profit over the first half of this year thanks to booming commodity prices. For Ropet whose crops have also recovered this time from weather problems last year, the result is particularly dramatic with pretax323 words
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Article416 1977-09-15 4 AS chairman Mr. Shaw Vee Meng forecast in Its 1976 annual report, Harlmau Investments made further progress this year with unaudited pre-tax profit Jumping 74.4 per cent to $708,000 for the first six months ended June 30, 1977. Its performance is more impressive at the after-tax416 words
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Article390 1977-09-15 4 CttlTMt payment Ex Date Data Payable Total for the year Total for preview year Selangor Properties SSI Aug 23 Sept 18 8*1 18* Alexandra Holding* 5* Sept 6 Sept 19 5* 5* C. Sugar* 10* Sept 5 Sept 29 15* nil International Wood 10*TE Aug 8 Sept 30390 words
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441 1977-09-15 4 BANDAR RAYA Developments gives its shareholders no explanation for its latest interim performance although the factors appear to be encouraging ones for the long suffering Investors who were not paid a dividend last year and have received only one payment In441 words
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LATEST RESULTS
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Article25 1977-09-15 4 Unaudited group pre-tax profit $3.31 million ($3.30 million) for the first half year ended June 30 1977. Oroup turnover $40 million ($3B million).25 words
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Article23 1977-09-15 4 Hotel Merlin Singapore Unaudited pre-tax profit 51.47 million ($253,900) for the first half-year ended June 30, 1977. Net sales $5.95 million ($2.88 million).23 words
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Article39 1977-09-15 4 United Overseas Land Unaudited group pre-tax profit $1.53 million ($1.22 million) for the first six months ended June 30,1977. Net revenue $10.10 million ($12.23 million). Parent company pre-tax profit $84,800 ($1.05 million) on sales of $3.50 million ($8.59 million).39 words
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Article30 1977-09-15 4 Pre-tax profit M 51.04 million ($986,605) for the year ended March 31, 1977. Revenue income $1.33 million ($3.57 million). Dividend 23.3 per cent (26.7 per cent).30 words
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Article28 1977-09-15 4 Kramat Tin Dredging Pre-tax profit M 5604,765 ($569,750) for the year ended March 31. 1977. Revenue Income $5.06 million ($4.70 million). Dividend 10 per cent (16 per cent).28 words
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Article30 1977-09-15 4 Pre-tax profit $1.49 million ($1.33 million) for the year ended Mar 31, 1977. Revenue Income $5.48 million ($6.60 million). Dividend 46.7 per cent (23.3 per cent).30 words
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COMPANY MEETINGS
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Article25 1977-09-15 4 THE following company meetings are due: Sept 17, 12 noon at the Gardenia Room Shangri-La Hotel, 22 Orange Orove Road, Singapore 10.25 words
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Article18 1977-09-15 4 Sept. 17 at 15th Floor, Rooms 1511/1512, Shlng Kwan House, 4 Shenton Way, Singapore 1.18 words
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Article11 1977-09-15 4 Sept. 19 at the Registered Office. Batu Tiga, Selangor.11 words
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Article1198 1977-09-15 4 On Sept 13 TRADING on the Chicago Board Options Exchange totalled 72,438 contracts on Tuesday, compared with 93,383 on Monday. omoN OCT JAN APL STOCK Alee* Alee* Alcoa Am Tel Am Tel Am Tel AUR AUR Avon Avon Bank Am Bank Am Bank Am BethS BethS Beth1,198 words
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396 1977-09-15 4 KESANG TIN (Malaya) has remained a misnomer since it ceased mining operations in April 1973. And Its prospect of reactivating its mining activity remains bleak. Its diversification programme, too. appears to have been bogged down. For, in the latest annual report and accounts which396 words
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Article125 1977-09-15 4 CHASE Manhattan Bank announced the promotions of Mr. Fock Siew Tong to assistant treasurer commercial accounts, Mr*. Jennifer Foo to assistant manager MIC and Mr. Francis Wee to assistant manager operations. Encik Junus Sudin, Mr. J. G. Richardson and Mr. Lee Siew Choong have been appointed as125 words
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218 1977-09-15 4 THE brief statement of interim figures from Kuchai Tin gives no breakdown of the factors which produced the 37 per cent rise in unaudited pre-tax profit to M 5185.510 despite an 8.4 per cent fall in output to 2,162 piculs for the first six218 words
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Article43 1977-09-15 4 MALAYSIA RUBBER CO chairman P.T. Gunton said rubber and palm oil prices have fallen from recent peak levels and the share of profits from associates may not reach the record level of the past year. But total investment income will Improve.43 words
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777 1977-09-15 4 NYT NEW YORK. Wed. The much-maligned glamour stocks, which have performed poorly since mid--1973, may at last be on the road to recovery. In the period from May 20 through last Monday, an index of 15 of the best known glamour stocks gainedNYT - 777 words
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Page 4 Advertisements
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Advertisement274 1977-09-15 4 while stocks last! M 1 t- > i v > v jifV 5 M Ssf« '.J*" $125/* The Times Atlas of China is far mors than a collection of detailed, up-to-date maps. It is an informative, general guide to modern China the land itself, and the economy and peoples it274 words
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INTERNATIONAL COMPANY NEWS
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298 1977-09-15 5 NORTH AMERICAN COMPANIES Reuter THE Overseas Private Investment Corp Is considering improvements In Its political risk Insurance programme, Opic acting president Rutherford Poates said. In a speech scheduled for delivery for the annual meeting of the American Mining Congress Mr. Poates said Opic wasReuter - 298 words
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381 1977-09-15 5 AP WESTINOHOUSE ELECTRIC was portrayed on Tuesday as a corporate gambler which reneged on Its uranium supply contracts and then expected power utility rate payers to bail It out. Lawyers for the giant firm argued, however, that It was trapped by an International conspiracy andAP - 381 words
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Article220 1977-09-15 5 UPI THE New York Times Co. and two other firms have been hit with a US$7.5 million countersuit by the new morning newspaper, the Trlb, for allegedly conspiring to prevent the paper from beginning publication this fall. The anti trust suit, filed in US district court InUPI - 220 words
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Article69 1977-09-15 5 Reuter SILICONIX said merger talks with Honeywell were terminated. The company said Honeywell had proposed to directors a cash tender offer of US$ll per share for all outstanding Slllconlx stock. However, it said this offer was conditioned on execution of stock purchase/sales agreements by each of theReuter - 69 words
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Article147 1977-09-15 5 Reuter DOW CHEMICAL and Shell Chemical said they have stopped making a product which some US government tests have shown to cause sterility, and have asked customers to return remaining stocks. Spokesmen for the two firms also said tests were being conducted to determine whether theReuter - 147 words
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172 1977-09-15 5 Reuter CYPRUS MINES said It discovered a potential major uranium deposit In the Tallahassee Creek area of Colorado, about 56 km from Canon City. Preliminary estimates based on recent drilling Indicate In excess of 10 million pounds of uranium oxide. But the estimates have notReuter - 172 words
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Article138 1977-09-15 5 BETHLEHEM STEEL shipments for the third quarter are running well below the second quarter and the company continues to anticipate a substantial loss for the year, Mr. David Adams, vice president finance, told a meeting of financial analysts. In 1976. Bethleham Steel earned US$3.B5 a share.138 words
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Article107 1977-09-15 5 AMERICAN TELEPHONE and Telegraph Company's net Income for the third quarter will likely exceed US$l billion for the fifth quarter In a row, chairman John Debutts said here today. Speaking to an employees' dinner, Mr. Debutts noted that the company had reported net Income of over107 words
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Article280 1977-09-15 5 ASIAN COMPANIES FT HONGKONG, Wed. Hongkong's code on mergers and takeovers has been amended to require disclosure of any Interests of the financial advisers to either offeror or offeree company which Is a party to a bid situation. The amendments consist of additions to clauses 50FT - 280 words
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Article170 1977-09-15 5 Bonds- Reuter. VIENNA, Wed. Credltan-stalt-Bankvereln said It plans to float a 750 million schilling bond issue in three tranches of which one will be an option tranche from Sept 27 to 29. The two non-option tranches will both bear a coupon of eight per centReuter. - 170 words
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Article59 1977-09-15 5 Reuter TOKYO Wed. Tokyo Sanyo Electric said It will Issue a 50 million mark convertible bond In the German capital market this November. The company said It obtained approval from the Finance Ministry for the Issue, but declined to give its terms. Securities market sources said theReuter - 59 words
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Article116 1977-09-15 5 LONDON. Wed. Arrangements for the issue by the European Coal and Steel Community of US$lOO million of 8% per cent bonds due 1997 at an issue price of 100*4 per cent are now complete. S.G. Warburg said as a member of the managing group. Arrangements are complete116 words
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1027 1977-09-15 5 NYT NEW YORK. Wed. When Johnnie first started, he cried every morning, says Mrs. Zolla Allen. Now he cries where he goes home. Mrs. Allen, a young black trimmer at a shoe factory in Boston's blighted south end, rides the bus each morning fromNYT - 1,027 words
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Article129 1977-09-15 5 Reuter TOKYO, Wed. Toyota Motor and Nissan Motor said August exports fell from those of the previous month due mainly to higher export prices and the yen's appreciation against the dollar. Toyota said exports in August fell 26 per cent to 95,541 vehicles from the record 129,115Reuter - 129 words
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Article75 1977-09-15 5 Reuter LONDON, Wed. Thailand is entering the Euromarkets for an eight year loan of US$6O million, although the amount may eventually be increased to $90 million. Informed Euromarket sources said. Manufacturers Hanover has been awarded a mandate to raise the loan, which will have a spread ofReuter - 75 words
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Article99 1977-09-15 5 Reuter TORONTO, Wed. The Ontario Government US$2OO million, 30-year debenture Issue floated In the United States is 80 per cent sold, according to George Mclntyre, executive director of the Province's Treasury division. Mr. Mclntyre said the $200 will go towards Ontario Hydro's capital construction programme. TheReuter - 99 words
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Article149 1977-09-15 5 Reuter TOKYO, wed. Mitsui and Co said It Is shifting part of Its export finance, as well as Import finance. Into yen following a fall In Japanese Interest rates. The method used Is to hold dollar export bills until maturity instead of asking commercial banks toReuter - 149 words
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Article55 1977-09-15 5 Reuter TOKYO, Wed. Konlshlroku Photo Industry Co said it developed a camera, the Konica C3SAF, which focusses automatically. The new camera, which electronically measures the distance of an object at the centre of Its viewflnder and focusses accordingly, will go on sale in Japan in November and costReuter - 55 words
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Article64 1977-09-15 5 Reuter TOKYO. Wed. Nippon Chemical Condenser said it fixed the price of its issue of 3.6 million common stock in the form of Continental Depositary Receipts at U552,615 per share, a discount of 5.95 per cent on the closing price of 739 yen on the Tokyo Stock ExchangeReuter - 64 words
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Article27 1977-09-15 5 HONGKONG. Wed. Taiwan's electronic component exports will rise in 1977 to US$755 million from $625 million, last year, the Central News Agency reported, quoting industry sources.27 words
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206 1977-09-15 5 EUROPEAN COMPANIES UPI CANBERRA, Wed. L.M. Ericcson, the Swedish telecommunications company, has won a multi-million dollar contract to computerise Australia's telephone network, Minister for Posts and Telegraphs, Mr. Eric Robinson, said in Parliament yesterday. The Swedish company won the contract, believed to be worthUPI - 206 words
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159 1977-09-15 5 Reckitt Colman rises marginally LONDON. Wed. Pre-tax profit at Reckitt and Colman rose a marginal three per cent from i' 26.7 million to 1"27.45 million for the first half of this year after an exchange loss of 1760,000 against a gain of 12.85 million previously. Sales increased by about 23159 words
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137 1977-09-15 5 Reuter LONDON, Wed. The UK Energy Department, the British National Oil Corp (BNOC) and the companies in the Buchan Group have agreed In principle on state participation in licence P241, which Includes the Buchan Field, the department said. The licensees In P241, which coversReuter - 137 words
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Page 5 Advertisements
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Advertisement106 1977-09-15 5 must be super functional to produce:I 2.1 clean, clear duplicates ■a* Duplicates even on ordinary paper and on both sides too Super savings on running cost. Space saving too when it comes to filing m 483 Tangim Halt Road. S>noaoor* 3. Plaaaa aand your rapraaantativa to arranf for a damonatration106 words
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Article2361 1977-09-15 6 1*77 High Low Company Last Sale +orGr'f div Div C'VT Gr's y'M Net P/E Vol C000) Day High Low SECTION ONE INDUSTRIALS 154 204 116 238 88* 198* 169 224 414 171 136 172 58 212 57* 155 152 182 350 145 Acma Alcom Allied Choc Bata2,361 words
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Article1292 1977-09-15 6 BID and offer prices officially luted and business In and reported to tbe Stock Exchange of Singapore yesterday with the number of shares traded shown in bracket* In lot* of 1.000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "Sett." Big Board1,292 words
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Article1300 1977-09-15 6 BID and offer prices officially listed 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 Acma (1 4UB). Ajinometc (2.ISS). Altom (1.845). A. Choc (1.05B)1,300 words
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Article54 1977-09-15 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. Inchcape (March $2.40) (0.14B). U O B (Dec. $3.20) (0.155) (March $3.20) (0.175). Wearnr. (March54 words
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Article151 1977-09-15 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers' poet for Sapt l«> (Current irices) INCOMKBOND 1 07 1 13 The Commerce The Saving Fund S pore Prog Fund S pore Security Fund S pore Invest Fund 1.73 1.83 1.04 1.10 0.82 0.87xd 1.54 1.63 100 106 MARA Bl'MIPUTRA FUND151 words
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Article165 1977-09-15 6 B O T 8 1/2% 1981 (100,000) (103*B 193%5) B O T 7 5/8% 1984 (100,000) (99*8 99*S) LTCB J 1982 (1M,000)(98*B 98*8) Credit Lyonnais Floating 1983 (IM.OM) (988 98\S) DBS Converts 6 1/2% 1991 (IM.OM) (97*8 98*8) D B S 8 1/2% 1982 (IM.OM) (101*B 102S) E165 words
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Article84 1977-09-15 6 Rep Spore D Mark 7% 1982 (100.000) (1018 101 Rep Spore 6 1/2% 1983 (100,000) (99%8 100HS) Rep Spore 7 3/4* 1987 (loo.ooo) (ioov,b iois; 5 1/4% 15/7/78 (250,000) (101.10B) 4 3/4% 1/5/79 (250,000) (100 608 100.80S) 6 1/2% 15/8/78 (400,000) (102.208 102 40S) 6 3/4% 16/6/80 (250,000)84 words
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Page 6 Advertisements
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Advertisement520 1977-09-15 6 BUSINESS TIMES Airline Directory Atroflot Soviet Airlines 110-112 SKaw Centre, Ore herd Rood, Singapore 9 (Tel: 377.111) Air Ceylon 302-1, 3rd Floor, Merino Home S Kenton Way, Sine op ere (1) (Tel: *****88) Air France Ground. Floor, ICB Building, S Ken ton Way Singapore 1 (Tel: *****11) Air India IMi520 words
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Article, Illustration559 1977-09-15 7 TRADING was quiet but steady on the Stack Exchange of Singapore yesterday. Unlike the previous two sessions, there were fewer sellers about. There was only some sign of weakness at the opening and that, too, was limited to a handful of issues where profit-taking remained active. Judging by559 words
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Article413 1977-09-15 7 SHARE prices finished slightly steadier in light and selective trading on the Kuala Lumpur Stock Exchange, which closed at noon yesterday for the Harl Raya holidays. Business was conducted at a leisurely pace and mostly on book-squaring and covering accounts ahead of the long holiday the market413 words
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INTERNATIONAL STOCK MARKETS
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Article332 1977-09-15 7 HONOKONO: The market closed little changed In fairly quiet trading on Wednesday; dealers said. The Hang Seng index was up 0.4 points to clow at 428.13. Hongkong Baak and Jartte* Matheion rose 10 each to HKSIB.OO and $14.70 respecttvely, Hongkong Land five to $6.85 and Wh—lock Mardan 2.50 cents332 words
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Article503 1977-09-15 7 TOKYO: The market closed' slightly higher on Wednesday, encouraged by the fact that the Japan-US trade talks Just ended concentrated on the expansion of Japan's domestic demand, and not export curbs, dealers said. The Dow Jones average gained 4.33 to close at 5,206.26 with volume 320 million shares. The503 words
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Article398 1977-09-15 7 SYDNEY: The market closed generally lower on Wednesday with coals and banks mixed, dealers said. CRA eased seven cents to A 52.65, Howard Smith one to $4.05 while Coal and Allied rose 10 to $3.75, AAR 13 to $1.98 and Bellambi two to $8.82. BHP fell four to $5.54,398 words
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Article139 1977-09-15 7 MANILA. The market closed firm on Wednesday, with turnover rising to 11.54 million pesos from Tuesday's 0.87 million dealers said. Philex rose five points and Atlas one while other mines were unchanged. Commercials and oils firmed with Vulcan rising six and San Miguel one. SEPT 14 Peso* Acoje Mining139 words
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Article103 1977-09-15 7 SEPT 14 Bahts Asia Fibre IK 4-1 Bangkok Bank 379 +2 Bangkok Invest. 242 unch Bangkok-Metro-politan Bank Bat* #80 15 Berll Jucker 440 Charoong Thai Wire m -96 Dumex Duslt Thanl 2328 -2 Faber Merlin First Trust 1798 -3 Genera Finance Indo-Trial Industrial Finance Corp 1299 10 J And103 words
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Article331 1977-09-15 7 AMSTERDAM: The market firmed on foreign buying interest and covering purchases In quiet trading on Tuesday, with Royal Dutch leading Dutch Internationals 1.50 guilders higher although Akao was unchanged and Hoocoveni lost 0.3, dealers said. Transports were very firm with Ommeren closing Six guilders up and Hal 4.50 firmer331 words
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Article163 1977-09-15 7 BRUSSELS: Share prices closed mixed to mostly higher In quiet trading on Tuesday, bourse sources said. Clabecq, Arbed, HainautSambre and FN, which announced higher dividend and profit, all rose while Electrobel and Hoboken were lower. In foreign stocks UK, German and Dutch rose, US were mixed and most Canadian163 words
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Article303 1977-09-15 7 FRANKFURT: Bha res on Tuesday. rose on fresh demand with activity centred on Volkawagan, which rose three marks on speculation of a dividend and capital rise, dealers said. In banks. Commenbank rose three marks and Deutsche and Dreadner two. In engineerings, Linde rose 3.80. Public authority loans lost up303 words
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Article160 1977-09-15 7 MILAN. Stocks showed widespread losses In lack-lustre trading on Tuesday, bourse sources said. Italaider was sharply lower following a report stating its financial difficulties and after a government decision to reconsider plans to sell a state holding in Coadotte In order to help salvage Inmiobiliare. Fiat, Atticurazioni Genera li.160 words
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Article334 1977-09-15 7 PARIS: The market extended Monday's late tains, dealers said on Tuesday. Electricals and foods were the firmest sectors, with Jeumont LMT and Ma mm strong points Michelin advanced, as did Galeris Lafayette and Hachette. Steels were mixed. US Issues were hesitant, with golds the only strong foreign sector. 8334 words
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Article309 1977-09-15 7 ZURICH: The market was mixed In moderate turnover on Tuesday, with the slight fall of Swiss unemployment In August balanced by the proposed dividend cut Of Motor Columbus, dealers said. The Credit Suisse Index dropped 0.9 points to close at 239 6. Other flnanclals to decline Included Elektrowatt, which309 words
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Article385 1977-09-15 7 JOHANNESBURG: Gold closed steady on renewed overseas Interest In the market and slightly higher bullion Indications on Tuesday, dealers said Heavyweights gained up to 100 cents, while lower priced shares were ten to 15 cents firmer. Mining flnanclals were mostly unchanged. Dt Beer* rose five cents. Coppers and platinums385 words
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Article337 1977-09-15 7 TORONTO: The market saw mixed trends throughout Tuesday's session but drifted towards the weak side at the close of moderate trading The composite Index was up a fraction but declines outnumbered advances 198 to 181. Eight of the 14 sub-Indices fell while six were higher. The management companies Index,337 words
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Article1054 1977-09-15 7 NEW YORK: The stock market drifted through a sleepy Jewish holiday session on Tuesday, finishing with mixed results In very light trading Wal! Street analysts said the market continues to worry about the Federal Reserve's latest money tightening moves as well as the fuzzy-focussed outlook for the economy.1,054 words
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Article69 1977-09-15 7 FINANCIAL TIMES INDUSTRIALS Tuesday 535.7 Monday 524.3 Week Ago 525.8 DOW JONES AVERAGE INDUSTRIALS Tuesday 854 56 Monday 854 38 Week Ago 873.27 LONDON DOLLAR PREMIUM Tuesday 88% to 89H Monday 89'<, to 89'.. H.K. HANG SENG Tuesday 427 75 Monday 428 99 Week Ago 431 10 SYDNEY INDUSTRIALS69 words
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Advertisement176 1977-09-15 7 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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COMMODITY REPORTS AND PRICES
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Article476 1977-09-15 8 ON THE Singapore rubber market yesterday, opening quotations were marked down 0.75 cent despite higher London advices, and thereafter eased further on stale bull liquidation, dealers said. Towards the morning close, however, some last minute upcountry buying raised price back to around opening levels, they476 words
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Article348 1977-09-15 8 Prices in cents per kilo yesterday: Noon (per kilo) Close (perkllo) Int. 1 R.S.S. prompt f.o.b. Int. 1 R.S.S. October Int. 1 R.S.S. November Int. 2 R.S.S. UK/Cont Int. 3 R.S.S. UK/Cont Int 4 R.S.S. UK/Cont. Int. 5 R S.S UK/Cont Buyers 214 50 215.50 217 25 210.50348 words
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Article113 1977-09-15 8 NOON SSR and SMR prices yesterday: R.A.S. uciooer (Currant Mth) November (Forward Mth) Buyer* Seller* Buyer* Seller* (emu pot kg) (cent* per kg) SSR 20 (1-ton Pallets) 207 00 208 00N 208 00 210 00N SSR SO (1-ton Pallets) 205.00 207 00N 206 00 208 00N MRELB113 words
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Article30 1977-09-15 8 Rubber: Sept 14 Singapore: October 215.75 centa (down 1.25 cent*) Malaysia: October 216.50 centa (down 0.75 cent) Tin: $1,625 (up $22) Official offering: 193 tonnes (down 87 tonnes)30 words
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Article205 1977-09-15 8 BANGKOK, Wed. Indicative prices quoted here today were unchanged from yesterday: (US dollars per tonne fob basis Bangkok) While Rice: 100 pet Ist class 308. 100 pet 2nd 292, 100 pet 3rd 288. 5 pet 277. 10 pet 255. 15 pet 252. 20 pet 249. 25 pet 240. 35205 words
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Article449 1977-09-15 8 SLUOGISH trading at unchanged prices remained the order of the day on the Singapore produce market yesterday. Price Incompatibility continued to be the main deterrent as local prices were still slightly on the high side compared with those prevailing in London, Europe and New York. Inquiries received from449 words
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Article334 1977-09-15 8 LONDON, Wed. Coffee futures finished the opening call £60 lower (September) to about £5 per tonne higher on a turnover of 267 lots. Initial trades in most positions showed declines of around £30, reflecting yesterday's easier trend In New York, traders said. But the market generally staged a partial334 words
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Article72 1977-09-15 8 C.l.F. Rotterdam. US dollars per ton. LONDON: Tunday Previous Malaysia 5% ffa bulk: Nov 435 sir 428 sir Sumatra 5% Sept 510 sir 525 pd Oct 452 50 sir 450 sir No* 432.50 pd 430 sir Dec 425 sir 420 sir Jan 427.50 sir 427.50 sir Nigerian 5%72 words
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Article193 1977-09-15 8 LONDON. Wed. Terminal cocoa failed to achieve a predicted £30 advance against New York in early dealings and despite trading up from last night by £27 (near December at £2,505) finished the first call £6 up to £15 down. Dealers said the market met a good deal of chart193 words
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Article244 1977-09-15 8 THE STRAITS tin prlqe in Pen&ng yesterday was up M$22 to $1,625 per plcul on an official offering down 87 tonnes to 193 tonnes. Dealers said the market recovered following Tuesday's sharp decline on some local dealer covering together with the reduced volume of tin concentrates offered. In244 words
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Article343 1977-09-15 8 LONDON, Wed. Sugar futures gained £1.20 (near October at £110.85 bid) to £0.10 per tonne at the opening call although they eased back in light open trading. Dealers said sentiment was still bullishly influenced by constructive views on the ISO Geneva conference although the possibility of fresh producer selling343 words
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Article295 1977-09-15 8 HONGKONG, Wed. The cotton futures market closed easier in moderately active trading after an easy opening, dealers said March was actively traded with a turnover of 30 lots, closing 0.63 US cents lower, while other months fell 0.62 to 0.79 cents. Total turnover fell to 46 lots from295 words
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Article162 1977-09-15 8 CHICAGO, Wed. Soybean futures yesterday held a second rally and extended gains to finish at the day's highs with gains of 10-1/2 cents a bushel In the September and 5-1/4 to seven cents In other months. Support In the September on potential harvesting delays because of the rains in162 words
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Article80 1977-09-15 8 CHICAGO, Wed. Wheat futures yesterday rallied from small early losses to finish the session at the top of the trading range, posting gains of three to 51/4 cents a bushel. Early weakness was influenced by corn and soybean futures and resulted In speculative selling which took prices lower. Commercial80 words
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Article338 1977-09-15 8 LONDON, Wed. Copper wire bars finished the morning with losses of mostly £6.50. Dealers said prices declined on the pre-market under short selling and some chartist operations prompted by the relative steadiness of sterling and slow consumer demand. The easing continued into the ring where Three Months traded down338 words
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Article221 1977-09-15 8 LONDON, Wed. Silver rose by 0.5 to 0.1 pence. The market lacked fresh trading Incentive and prices fluctuated around previous ring levels on sales of 42 lots. Values softened Initially in sympathy with gold but steadied in the ring following the bullion dealers' fix. Three Months traded finally at221 words
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Article317 1977-09-15 8 THE GOLD market In Singapore yesterday was quiet with the kllobar being quoted at Ssli,7oi throughout the day. On the London market, the metal opened at U*****.70/90 and closed at the same level. The London morning fix was U*****.75, up 25 cents on the previous fix. Source: Singmas. Retail317 words
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Article113 1977-09-15 8 LONDON, Wed. Lead gained £0.50 for cash and £0.25 for Three Months. Dealers said the early decline In copper brought out some sympathetic liquidation which pushed Three Months down to £326 per tonne. However, profit-taking purchases and shortcovering emerged at the lower levels and up to £328 was paid113 words
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Article90 1977-09-15 8 LONDON, Wed. Zinc eased £0.25 for cash and £0.50 for Three Months. Scattered trade hedge selling took Three Months down to £296.50 in early ring trading before fresh buying steadied it to £298.50. Sales were 2,900 tonnes. On Tuesday, zinc declined by £4 for cash and £4.50 for Three90 words
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MONEY AND EXCHANGES
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Article610 1977-09-15 8 OVERNIGHT rates for Interbank funds shot up to 17 per cent yesterday from an opening level of five per cent after the results of the $500 million government registered stock offering were announced during post clearing hours. Dealers said Interbank rates for overnight funds began firming up after lunch610 words
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Article45 1977-09-15 8 ACBC «>« ci. Al(rmrnr Bank 6*4 Citibank d. Bangkok Bank 7 HSBC 6 Bank of America Indoauez 6'. Bank of China 7 c>. Bank of Tokyo «'< Bank Nef ara OCBC Indonesia 7 OUB «>. Chartered Bank UCB 7 Chaae Manhattan «>. I'MBC 7 DBS LOB45 words
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Article174 1977-09-15 8 Asian rates ASIAN currency deposit Interbank rates as at cloae on Sept 14: U8 Dollars) Spot) Offer Bid 7 days il/2 6 3/8 1 mtti 61/4 61/8 2 mths 6 9/16 67/16 3 mths 6 7/8 6 3/4 6 mths 6 15/16 613/16 9 mths 71/16 6 15/16 12 mths174 words
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Article47 1977-09-15 8 RANOE of prices offered by discount houses on Sept. 14: Overnight JtM Call deposit 3S to 3 1 CI—lag Bvy MUx 3-Month Treasury 31/16 2 13/16 3-Month Bank bills 4 7/16 45/16 3-Months CD 3 4 7/8 6-Months CD 51/4 Sl/S Source: National Discount Co. Ltd.47 words
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Article92 1977-09-15 8 Euro rates LONDON. Wed. Period Eurodollar deposits opened generally firm with rates above usual Wednesday lower levels, following the Chase Manhattan Bank increase in its prime rate to 7 per cent from seven per cent, dealers said. Near periods were easier or steady due to the Friday dealing technicality but92 words
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Article178 1977-09-15 8 NEW YORK, Wed. The dollar yesterday rose In thin, very late trade after most Interbank dealing ended on news Chase Manhattan Bank raised Its prime rate to TV* per cent from seven, dealers said. The Increase, the first by a major money centre bank, raised the prospect of178 words
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Article200 1977-09-15 8 LONDON, Wed. The dollar rose against most currencies in opening trading, supported by news of Chase Manhattan Prime rate increase to 7% per cent from seven per cent, dealers said. Spot sterling went up to $1.7442/44 from 1.7434/36 overnight due partly to a technical adjustment, but forwards were under200 words
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Article120 1977-09-15 8 HONGKONG. Wed. The US dollar firmed further to a late HK54.6595/05 from yesterday's 4.6570/80. after reaching a high of 4.6610/20 earlier, dealers said. The firming of US interest rates, with Chase Manhattan raising its prime rate, was the main factor boosting the US unit in fairly active trading, they120 words
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Article60 1977-09-15 8 AUSTRALIA/NZ exchanges on Sept 14: Australia: Sterling 0 6382/ 0 6294 US dollar 1 1057/ 1 1009 Ninety-day air mall buying rate* Sterling 0.6518 US dollar 1.1307 Ninety-day forward buying rates Sterling 0 6289 US dollar 1 0942 New Zealand Sterling 0 5585/ 0.5534 U8 dollar 0.9749/ 0 964960 words
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Article51 1977-09-15 8 ZURICH exchanges closing quotes on Sept 13: US 2 3873-3878 UK 4.1635-1650 Can 2 2250-2271 W Oerrn 102 57-63 Neth 06.90-98 France 48 34-38 Belg 6 65 V,-88 Denm 38 68-88 Norw 43.53-55 Swed 40.10-12 Italy 0 2702-2703 Auitrta 14.43-45 Port 5.80-90 Spain 2 82-83 Art 0.52-82 Japan 051 words
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Article43 1977-09-15 8 FRANKFURT exchanges opening quotes on Sept 14: U8 2 3314/24 Can 2 1720/40 UK 4 003/073 Neth 94 36/48 8 will 97 44/54 Italy 2 834/644 France 47 14/24 Norw 42.30/40 Belg (com) 6 48/49 Belt (fin) 6 47/48 Japan 0 >723/33.43 words
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Article38 1977-09-15 8 THE Monetary Authority of Singapore invites banks and discount houses to tender a total of $15 million 91-day Treasury bills to be issued from Sept 19 to 23. Each tender must not be less than $250,000.38 words
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Article121 1977-09-15 8 TOKYO, Wed. The US dollar for overnight delivery closed higher at 267.33 yen after a 267.10 opening and 266.95 at yesterday's close. After an Initial rise reflecting a fall in the yen's value In New York, the US currency continued to strengthen to 267.45 at one point on increased121 words
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Article315 1977-09-15 8 LONDON, Wed. US dollar bonds were up to point lower In active trading following the prime rate increase by Chase Manhattan Bank to 7% per cent from seven per cent, dealers said. Straight* Bid Offer Austria 8* 90 102* unq Bell Canada 8V. 88 104* 105 BFCE 8*. 83315 words
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Page 8 Advertisements
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Advertisement151 1977-09-15 8 w Don't let the language barrier stop you from wider contacts f.. *> 5 v* re 3 1 a £#<;(> ,V>e 4 e \N \e 3 8 o° r* s c\ v>\e o!l£*TMi7 •*.,ri i J YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travel- ling in151 words
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TRANSPORT AND COMMUNICATIONS
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Article59 1977-09-15 9 Reuter TOKYO, Wed. Japan Air Lines (JAL) said it has agreed with Hangkkhong Vietnam, on a general sales arrangement to sell passenger tickets and provide facilities servicing aircraft. The agreement, to be formally signed in the near future, emerged from talks recently held In Hanoi betweenReuter - 59 words
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Article124 1977-09-15 9 AFP WASHINGTON. Wed. The US navy has taken delivery of its third nuclearpowered aircraft-carrier, the Dwight D. Eisenhower, it was learned today. The giant ship of the Nimitz class has a length of 332 meters and a flight deck 76 meters wide. It displaces almostAFP - 124 words
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Article568 1977-09-15 9 ARRIVALS Service Local Operator Number Time From CPA CX003 0145 HKG MAS MH682 0310 KCH CPA CX710 1000 HLP GIA GA980 1030 HLP SIA SQ211 1045 HLP GIA GA944 1055 PKU GIA GA908 1100 MES PAL PR501 1115 MNL RBA BI325 1155 BWN SIA SQ240 1210 MES568 words
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Article, Illustration606 1977-09-15 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aegis Doric (0500 after Vrancea) 45 Hagurosan Maru (JJFV) (after Strathleven) 10/11 Hoegh Pride (1100) 47 Man Ming (0500 after Shoko Maru) 13/14 Nedlloyd Rio (2000 after Korean Pioneer) 15/16 Tapah (1300) 21 West Vlshva Chetana (1830 hauls after Fortune Trader) 5 PASIR606 words
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239 1977-09-15 9 CONSTRUCTION of Malaysia's first berth with roll on/roll off (ro-ro) facilities at the Butterworth wharves Is well under way. The 195 m berth costing Ms2o million Is being built by the Penang Port Commission to cater for the hybrid cellular/ro-ro container ships of the239 words
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Article77 1977-09-15 9 EldersANL Reuter ADELAIDE, Wed. Elder Smith Goldsborough Mort Ltd and the government owned Australian National Line (ANL) have formed a new company to handle the agency for the services operated by the ANL to Asia, Elder Smith said. The company, Elders ANL Pty Ltd, is owned 67 per cent byReuter - 77 words
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Article113 1977-09-15 9 Reuter TOKYO, Wed. Shipbuilding orders received by Japanese shipyards from foreign owners in August fell to 20 ships from 23 in July, but their total tonnage rose to 289,800 gross tons from 242,700, the Ship Exporters Association said. The August total, including 12 freighters, four tankersReuter - 113 words
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Article68 1977-09-15 9 Reuter WASHINGTON, Wed. The US marines' priority for future aircraft is the purchase of 360 British Hawker Siddeley AY-8B Harrier Jump Jet fighters, marine deputy chief of staff for aviation Lieutenant General Thomas Miller, said. He told questioners at a Pentagon press conference the proposed purchase of 360Reuter - 68 words
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314 1977-09-15 9 AP QUITO, (Ecuador), Wed. Representatives of the fivenation Andean Ptct signed an agreement yesterday establishing car and truck production quotas in an effort to reduce imports, increase employment and help local industries. Andean Pact decision 120, approved by Bolivia, Peru. Ecuador, Colombia and Venezuela,AP - 314 words
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220 1977-09-15 9 Reuter TOKYO. Wed. The chairman of Pan-America World Airways said today he expects the Anglo-French Concorde supersonic airliner will eventually be allowed to operate Into New York, but it will never be a commercial success. Mr. William Seawell, who is also Pan-American'sReuter - 220 words
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Article174 1977-09-15 9 AP LONDON, Wed. Diverse chartering spread throughout the market but there was no obvious sign of new enquiry developing on a scale sufficient to lift the market yesterday. Australian maize featured when the "Cape Rodney" received U559.75 (5,000 tons discharge free) for a 25,000ton haul from easternAP - 174 words
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Article196 1977-09-15 9 STRAITS Shipping was Incorporated In Singapore in 1974 as a subsidiary com§any of the Straits teamshlp Group. It acts as shipowners, operators and shipping agents. It manages a coastal freight and passenger service between Singapore and Brunei, Sarawak and Sabah. Container feeder services are also operated between Singapore,196 words
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152 1977-09-15 9 AP BANGKOK, Wed. Government officials and representatives of ship users from 12 countries In Asia and the Pacific are meeting here to discuss port environments, a UN spokesman said today. A 10-day workshop, which started on Monday. Is organised by the secretariat of theAP - 152 words
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269 1977-09-15 9 Reuter MUNICH, Wed. West Germany's motor Industry, which now accounts for nearly nine per cent of total industry turnover, Is expected to perform less vigorously next year, the IFO economic research Institute said. New orders, on a seasonally and price adjusted basis, willReuter - 269 words
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356 1977-09-15 9 AP TORONTO, Wed. Importers of the Japanesemade Datsun cars have rolled Into Canada with an all-new version of the discontinued 510 model In an effort to crack the tough compact size market. The new 510, which acquired a solid reputation when it was IntroducedAP - 356 words
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Article142 1977-09-15 9 Reuter NICOSIA. Wed. A new passenger terminal was formally inaugurated earlier this week at Ercan Airport in the self-proclaimed Turkish Federated State of Cyprus, a move seen as a further step towards division of the island. The new terminal, partly financed by a 30 millionReuter - 142 words
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Page 9 Advertisements
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Advertisement339 1977-09-15 9 FROM FEDERAL PUBLICATIONS LIM BIAN YAM P a step-by-step guide An easy-to-understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger of even the veriest novice. The joy of this book, however, is that even the339 words
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Article, Illustration1137 1977-09-15 10 SUE CAMERON - SUE CAMERON reports on a new self development scheme for West Asian managers. SUE CAMERON FT LONDON: International management consultants seem to be acquiring such a bad name In West Asia that certain sections of the Arab business community have now decided to develop an alternativeFT - 1,137 words
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Article, Illustration1263 1977-09-15 10 FOX BUTTERFIELD - By FOX BUTTERFIELD NYT TAIPEH: Every pack of cigarettes here now bears an admonition, not about the Clanger of smoking, but a much more Immediate problem to this Island's 16 million people: "Maintain self-respect and selfreliance. Stay calm In the face of adversity." TheNYT - 1,263 words
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Article346 1977-09-15 10 Letters to the editor YOUR paper's conatant "knqckinf" of the private developer* in Singapore reached ite nadir with Sept 12' a page one article entitled "Days of High Main- tenance Charges Numbered". It is perhaps fashionable to knock the poor developers even though with the current state of346 words
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Article157 1977-09-15 10 B.C. Woodall - B.C. Woodall. W. Property Services for and on behalf of Woollerton Park Management Corporation-Strata Title No 185. WE have been requested to comment on the front page article in the Buiiien Tiroes on Sept 12. We wish to point out that Woollerton Park apartments have a hill central157 words
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1340 1977-09-15 10 MARVINE HOWE - By MARVINE HOWE NYT CAIRO: A house collapsed suddenly In the heart of old Cairo the other day, killing 43 Inhabitants. There was a public outcry because this was not the first house In Cairo, nor will It be the last,NYT - 1,340 words
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Advertisement42 1977-09-15 10 i r> v t TRAP Si HOW TO SURVIVE x THE SLUMP k v W CONSUMER PFVELOPMI7NT «P i s TT >s s I I m t I U I THF. PROPfc RTY MACh'NF m s. r w* fj mk i I42 words
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567 1977-09-15 11 Reuter TOKYO, Wed. Industrial production decreased more sharply than expected In July due to the slow economic recovery, the Ministry of International Trade and Industry (Mltl) said today. According to ministry figures, the seasonally adjusted mining and production output Index for July stood atReuter - 567 words
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223 1977-09-15 11 AFP CANBERRA, Wed. Australia's trade union movement has moved strongly to the moderate right wing, according to the current elections of the biennial congress of the Australian Council of Trade Unions. This congress, which is the ruling authority of the trade unionAFP - 223 words
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Article283 1977-09-15 11 AFP TAIPEH, Wed. Taiwan's economic growth this year Is expected to reach 10 per cent, according to the estimate of a senior economic official. He said the projected growth rate will be higher than the 7.5 per cent average set for the current six-year economicAFP - 283 words
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191 1977-09-15 11 Reuter SEOUL, Wed. Thai Prime Minister Thanin Kraivtehlen said here today he favoured a broader association in future to enlist cooperation of South Korea, Japan. Australia and Hew Zealand for development In South-east Asia. He told a press conference that these four countries areReuter - 191 words
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Article208 1977-09-15 11 SINGAPORE'S first "total environment" complex is offering office space for sale at very competitive prices. Purchasers can own office space at Merlin Plaza SlngaKre with an outlay equlvait to $1.50 per 0.09 sq. m per month, inclusive of service charge and property tax. Merlin Plaza208 words
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Article54 1977-09-15 11 Reuter MADRID, Wed. The liberal Spanish weekly Camblo 16 today reported that Spain would reopen Its frontier with Gibraltar before Christmas despite a deadlock In talks with Britain. The late General Franco cloeed the frontier In i960 and cut off all communications In support of Spain's claimReuter - 54 words
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152 1977-09-15 11 CANBERRA, Wed. Australia's uranium production remains the dominant Issue In Parliament with the Opposition alleging that uranium mining companies have threatened to abandon mining unless the Fraser Government drops its proposed resources tax. Deputy Prime Minister Douglas Anthony has been foreshadowing a resources tax on152 words
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Article132 1977-09-15 11 MR. Lawrence Perelra of the Brentnall Beard group of Insurance brokers Is to become the chief executive and chairman of the newly formed South East Asia Insurance of Malaysia. South East Asia Insurance has taken over the unexpired portions of insurance policies issued by Malaysia's First132 words
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242 1977-09-15 11 UPI TOKYO, wed Japanese sugar refiners are shortly expected to make a "substantial compromise" to Australia in an effort to break the worst deadlock in the sugar price dispute between the two countries, a Japanese language newspaper reported today. The Yomlurl Shlmbun said InUPI - 242 words
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Article220 1977-09-15 11 Reuter UPI BANGKOK, Wed. Thailand's trade deficit rose to U*****.2 million (8(644.8) in the first five months of this year from <248 million In the same 1976 period, according to Customs Department figures. Exports during the same period rose to 91.54 billion compared withReuter; UPI - 220 words
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136 1977-09-15 11 TRADE sources in Kuala Lumpur and Singapore said cn Tuesday they estimate the Soviet Union has bought about 20,000 tonnes of natural rubber in local markets for September shipment. One trader estimated the tonnage could be about 25,000 including some 3,500 tonnes originally due for136 words
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Article78 1977-09-15 11 AFP BANGKOK, Wed. The cost of living in Thailand has doubled over the past 12 years, a Thai dally reported today. The consumer price Index for urban areas throughout Thailand Increased from 100 In June 1965 to 202.7 In June 1977, the paper pointed out. For 1977AFP - 78 words
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Article158 1977-09-15 11 Reuter KUALA LUMPUR, Malaysian Prime Minister Datuk Hussein Onn said today that the objective of his government's economic policy was to eradicate poverty among all races In the country. Various facilities were being provided for the millions of rural and urban poor to improveReuter - 158 words
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Article60 1977-09-15 11 MR. HARRY Anderson, chairman of Merrill Lynch International, was erroneously described as also being vice-president of Merrill Lynch and Company, the holding company of the Merrill Lynch group <Jf oenfcanies. Mr. Anderson, who will be visiting Singapore from Sept 25-29, is the vicechairman of Merrill Lynch and60 words
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351 1977-09-15 11 AFP MANILA, Wed. President Marcos said yesterday the Philippines was ready to accept aid for economic projects as partial rental or compensation for United States military bases here Mr. Marcos said US Assistant Secretary of State for Bast Asian Affairs RichardAFP - 351 words
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Article121 1977-09-15 11 AFP KUALA LUMPUR, Wed. The Philippines has offered to supply more sugar to Malaysia to meet the current shortage In this country. The offer was made by a visiting Philippine trade mission when they held discussions with representatives of the Federation of Malaysian Manufacturers here yesterday.AFP - 121 words
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Article66 1977-09-15 11 UNITED Straits International Locks Manufacturing. a local company. Is to set up a $1.3 million plant in Jurong to manufacture locks and related products. The company, incorporated in July, has applied for land and factory. The registered directors of the company are Mr. Ong Sing Chiat66 words
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Article36 1977-09-15 11 BANGKOK, Wed. The Board of Trade of Thailand (BoT) has decided to cut its supply of maize to Japan and Taiwan by 50 per cent due to severe drought over the past few months.36 words
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Article189 1977-09-15 11 Reuter TOKYO, Wed. ViceMinister of Finance Mr. Shfgeya Yoshlse said ftlo tlon with the US and other lndustrlal countries will recur over Japanese exports of steel, colour televisions, bearings, motorcycles and ships. Mr. Yoshlse also told a 6r ess conference that the S bluntly asked JapanReuter - 189 words
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Article132 1977-09-15 11 Reuter TOKYO, Wed. Japanese Prime Minister Takeo Fukuda reiterated that the Japanese economy was on the verge of full recovery although the scars of the 1973 oil crisis had not healed fully. He told a conference of Japan's 47 governors here that some people InReuter - 132 words
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Article63 1977-09-15 11 Reuter YASUTOMI (Japan), Wed. A chest containing more than 50,000 copper coins believed to be 1,000 years old has been found near this western town, local authorities said today. They said it was impossible to estimate the value of the coins, which were similar to thoseReuter - 63 words
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172 1977-09-15 11 AFP TOKYO, Wed. Rural poverty In Asian countries has worsened because of "not only too many people In rural areas but also too little self-examination and assessment" of their agricultural production strategies, the Nepalese ambassador to Japan said today. In an article that appearedAFP - 172 words
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157 1977-09-15 11 Reuter NEW DELHI, Wed. Home Minister Charan Singh said here yesterday that multinational companies had no place In the Indian economy and should only be given permission in very exceptional cases. Mr. Charan Singh said at a meeting of the ruling Janata PartyReuter - 157 words
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Article156 1977-09-15 11 THE High Court yesterday awarded judgement to Lian Cheong, a textile firm, in its admiralty suit against "the owners and others interested In the vessel Chleh Lee." Chief Justice Wee Chong Jin directed that the amount of damages for Lian Cheong be assessed by the Registrar156 words
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Article68 1977-09-15 11 THE following markets will be closed for Hari Ray a: IN SINGAPORE: All markets are closed on Sept. 15. Kuala Lumpur Stock Exchange: From noon tomorrow and reopening on Monday, Sept. 19. Rubber: The Malaysian Rubber Exchange and Licensing Board will be closed on the first and second68 words
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Advertisement158 1977-09-15 11 THE JOB: to refine end correct stories, giving them their polish before publicetion. to write compelling end incisive heedlines. to arrange headlines and stories attractively .on a page. j 7 THE REQUIREMENTS: a high standard of English, preferably to University entrance level. a close attention to detail sub editors should158 words
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794 1977-09-15 12 THE Inland Revenue Department (IRD) annual report for 1976 provides a timely reminder of how slender Singapore's economic resources are. For statistics contained In the report show that the Republic depends upon Just 303 companies to generate the bulk of corporate profits794 words
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602 1977-09-15 12 AFP Reuter PARIS, Wed. Crucial talks aimed at settling differences between leftist opposition members In preparation for France's March 1978 elections opened here today. Communist Party leader George Marchals arrived first, followed by socialist leader Francois Mltterand. and finally leftist radical leaderAFP; Reuter - 602 words
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Article765 1977-09-15 12 LONDON, We<h The Financial Times Index broke through lis five-year record In acUve trading on the strength of sterling, and speculation of a further reduction In the British minimum lending rate, dealers said. Short-dated government bonds closed up to 3/8 higher while gains among longs ranged to >.765 words
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384 1977-09-15 12 Reuter TOKYO, Wed. Japanese Prime Minister Takeo Fukuda today warned the European Common Market that if France's call for controlled growth of world trade meant protectionism, it was a highly dangerous Idea. In an Interview with visiting European Journalists, Mr. Fukuda urgedReuter - 384 words
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Article300 1977-09-15 12 Reuter MANILA, Wed. The Philippines external debt rose 10 per cent In the first six months of this year to US$6,OBB million (5514.9 billion), the Central Bank said today. It Mid that of the >572 million increase from 1976 end of year figures ofReuter - 300 words
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Article55 1977-09-15 12 AP LONDON, Wed. American Express, the U8 credit card, travellers cheque and banking firm, was officially granted a listing on the London Stock Exchange today. Roger Morley, company president, said In London that the move was "a major step towards making ownership Interest In our company moreAP - 55 words
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409 1977-09-15 12 UPI TOKYO, Wed. Pan American chairman William Seawell said today new low air fares offered by nonscheduled carriers such as Laker Airways are basically good for the aviation Industry and Pan Am will not only compete with them "but giveUPI - 409 words
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Article249 1977-09-15 12 AFP SQNGKONO, Wed. ongkong shipping magnate C.Y. Tung's Orient Overseas Container (OOCL) has successfully concluded negotiations for a Joint venture In a container terminal and trucking In Saudi Arabia, OOCL announced today. The other two partners In Che Joint venture are Saudi Container ServicesAFP - 249 words
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276 1977-09-15 12 AN ambitious export plan by a thrusting young local company will soon result in Singapore exporting tim sum foods to the US, Europe, Japan, Australia and New Zealand as well as to other countries in South-east Asia. Next week trial shipments of276 words
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Article237 1977-09-15 12 WEI OIAP Construction, which is currently contesting the winding-up petition filed by the govern-ment-backed trading firm, Intraco, will go to court tomorrow with fingers crossed In the hope that Intraco will be convinced by Its arguments that the company Is still viable. Intraco's petition,237 words
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157 1977-09-15 12 UPI BANGKOK, Wed. The Thai Cabinet has approved in principle, plans to build a US$4OO million (SS9BO million) monorail system for Bangkok, the capital's deputy governor said today. Mr. Chamnong Thareelarp said the City Expressway and Rapid Transit Authority (ERTA) may sign a contract soonUPI - 157 words
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Article181 1977-09-15 12 LISBON, Wed. The Bank of Portugal tomorrow will begin Issuing daily forward trading rates for the escudo for one, three and six months, a bank statement said today. The new system will allow foreign currency operators to hedge against future depreciations of the Portuguese currency, once181 words
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Advertisement222 1977-09-15 12 59 /> <■ v .V ff V 1 4 Ik ih v <* *AN S V«^ V*t* IMT The September issue is here. The issue with the bright new look. ill t introduced to the public in October 1972. In the MAS, took off on its own. MAS has gone222 words