The Business Times, 23 September 1977
1977-09-23
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The Business Times
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Title Section10 1977-09-23 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, SEPTEMBER 23, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article70 1977-09-23 1 UPI TOKYO. Thurs. Interest rates charged by leading commercial banks on their business loans dropped to less than seven per cent In August for the first time in four years and one month, the Bank of Japan reported today. It said the average loan Interest 13 major commercialUPI - 70 words
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Article68 1977-09-23 1 UPI BANGKOK, Thurs. Laos faces famine within a year unless it receives International aid of rice, oil and milk, a joint study by Laotian and United Nations experts made available today said. The report, obtained from diplomatic sources ill Bangkok, said the severe drought in Indochina and ThailandUPI - 68 words
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Article56 1977-09-23 1 UPI LONDON, Thurs. Sir Eric Miller, former head of Britain's largest residential property company, died in a London hospital today from gunshot wounds. Sir Eric's activities as head of the Peachey Properties group was under investigation by' Scotland Yard and he was the subject of three writsUPI - 56 words
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Article62 1977-09-23 1 AP BONN, Thurs. Thai Foreign Minister Upadit Panchariyanjjkun and his West German counterpart Hans-Dletrlch Genscher agreed today that economic relations between South-east Asia and the European Community should have a political dimension. During Mr. Upadit's one-hour talk with Dr. Genscher, his Bonn colleague suggested that European foreign ministersAP - 62 words
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Article63 1977-09-23 1 Reuter TOKYO, Thurs. The Japanese government said today It had decided to assist Thailand and Burma In implementing their respective agricultural development programmes to increase food production, particularly rice. The government's International Cooperation Agency said It and other government agencies were working out a master plan for Thailand'sReuter - 63 words
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Article49 1977-09-23 1 Reuter ZURICH, Thurs. The dollar again hit an alltime low against the Swiss franc on the foreign exchange market here today after nervous trading In the Swiss currency. The US unit reached 2.3590 swlss francs during afternoon trading, well below yesterday's record low of 2.3640. Reuter.Reuter - 49 words
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Article66 1977-09-23 1 UPI NEW YORK, Thurs. Stocks headed sharply lower today for the second consecutive session In the wake of Bert Lance's resignation as President Carter's Budget Director. The Dow Jones Industrial average, which plunged 10.82 points to a 21-month low yesterday, was off 4.33 points to 836.63 shortly beforeUPI - 66 words
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Chief Price Changes
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Article, Illustration179 1977-09-23 1 SHARES maintained a slow drift downwards in light trading on the Stock Exchange of Singapore yesterday. For the better part of the day, sellers dominated trading with cheaper offers as buyers were scarce in most issues. The Business Times index dropped 2.04 points to 425.00 and the179 words
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Article109 1977-09-23 1 Foils Most active Pac. De*. 2 66 -.12 Olympla 322,000 M Flour 3.20 -.12 Msta Weaving 185.000 Olympla 1.47 -.09 O. Ceramics 93,000 C. Sugars 2.16 -08 O. Lumber 74.000 Dull 1.23 -.08 Total Turnover: 2.36 M New Sdah 3.58 -08 Total Value: MS4 12 hi K109 words
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Article1753 1977-09-23 1 QUEK PECK LIM - EXTREMELY ATTRACTIVE PRICE By QUEK PECK LIM NANYANG Press Singapore (1975) Ltd, whose shares go on offer today will allow Singapore Investors a chance to put their money In what appears to be the best investment proposition to have come round for some time. Prospectuses1,753 words
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Article135 1977-09-23 1 MR. OTTO Lang, the visiting Canadian Transport Minister, who Is also in charge of the Canadian Wheat Board has held talks with representatives of Singapore's major millers with the hope perhaps of reviving Singapore's wheat purchases from Canada which stopped three years ago. He told a135 words
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Article, Illustration485 1977-09-23 1 PRIVATE Investment Company for Asia (PICA) a multinational financial organisation has arranged a US$2O million Asian dollar consortium loan for the Manila Electric Company. The loan, syndicated from Singapore will be provided by PICA and seven banks. They are Swiss Bank Corporation United California485 words
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Article287 1977-09-23 1 Reuter CANBERRA. Thurs. Prime Minister Malcolm Fraser declared today that the Australian dollar was strengthening and accused the Labour opposition of "Irresponsible and quite disgraceful" speculation that the currency would suffer another devaluation. "The underlying trading trend as far as the dollar is concerned on allReuter - 287 words
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Article46 1977-09-23 1 WASHINGTON, Thurs. The choice of a successor to the International Monetary Fund's managing director. H. Johannes Wltteveen will be a topic of discussion but not one of decision at the annual joint meeting of the Fund and the World Bank starting here next Monday.46 words
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176 1977-09-23 1 Reuter LONDON, Thurs Laker Airways Is to apply for permission to operate cheap flights to Australia following the launching of Its cutprlce trans-Atlantic Skytraln service, a Laker spokesman said today. The Independent British airline's chief, Mr. Freddie Laker, will ask the British Civil AviationReuter - 176 words
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315 1977-09-23 1 THE Singapore Government is expected to float it® second yen bond issue in the Japanese domestic capital market in December or in January next year. The issue, tentatively set for $170 million (20 billion yen), comes a year after Singapore raised a315 words
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Article458 1977-09-23 1 UNITED Overseas Bank yesterday became the first major local bank to announce raising Its prime rate from 6V« per cent to 7 per cent. The quarter per cent Increase becomes effective from today. This comes seven weeks after the Development Bank of Singapore led the others458 words
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Article119 1977-09-23 1 THE five-member official trade delegation from China arrived here yesterday for a week-long visit to Singapore. Led by Mr. Hsl Yehsheng, director of the Ministry of Foreign Trade, the mission was met at the airport by Mr. Nglam Tong Dow, Permanent Secretary (Development) of119 words
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Article105 1977-09-23 1 UPI t JAKARTA, Thurs. President Suharto ordered continued investigations into the past actions of General Ibnu Sutowo, the former president director of the state oil company Pertamlna. Attorney General All Said (CQ) said today. He said Gen. Sutowo, together with 18 other former Pertamina officials, was stillUPI - 105 words
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Page 1 Advertisements
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Advertisement69 1977-09-23 1 SAFE WITH AN ITOKI SAFE mows Moriwci smEM(s)m.iTD 47 *odi u m stock OotdKHi Pun. Nowlon Road Singapore 11 Tot M2ISM* Cten BUSMESTEMS Smgwn SEE PAGE 8 Oversees News P2 Overseas New*/ CroeswordsTV A Radio pj Local Co. News P4 International Co. News PS Local Stocks P* Overseas Stocks P769 words
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Advertisement102 1977-09-23 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. On102 words
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Advertisement55 1977-09-23 1 Kmdk Sinflk Gtf&dm ffmd toFit ypu ><A\ v^OOUFf»».i» M 27. F»f EMI Shopping C*otr« W 549. Orchard ROM is»w3K T«te« «*****» CaDM PARGOIF y 0.(0. ORFEVRES A PARIS 1 HI I i u 3:1: 111 I 'Sin! Sole Agents CASEY ENTERPRISES PTE. LTD. High Street Centre, (6th Floor) Room 601-603,55 words
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OVERSEAS
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170 1977-09-23 2 Reuter WASHINGTON, Thurs. Treasury Under-Secretary for Monetary Affairs Anthony Solomon said there Is the possibility there will be somewhat higher real growth among OECD members next year. He said the overall OECD growth rate will be somewhat under four per cent this year. However,Reuter - 170 words
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Article64 1977-09-23 2 AP ROME. Thurs. Train traffic backed up from Sicily to the Alps today when a union representing some of Italy's railroad workers began a slowdown to protest wages and working conditions. The union, representing 10 per cent of Its 220,000 rail workers, announced It would delay departuresAP - 64 words
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Article414 1977-09-23 2 TO HELP ITS EXPORTS Reuter WASHINGTON, Thurs. A senior US Congressman charged yesterday that Japan is rigging Its currency to gain export advantages. Mr. Henry Reuss, Chairman of the House of Representatives' Banking Committee, urged the International Monetary Fund to investigate the matter at Its annualReuter - 414 words
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350 1977-09-23 2 AP NEW YORK, Thurs. Merrill Lynch, Pierce, Fenner and Smith Inc., the United States largest brokerage house, said yesterday It will appeal a US$4 million (559.76 million) Judgment awarded against It by a federal Jury In Denver. The Jury on Monday assessed the damagesAP - 350 words
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245 1977-09-23 2 AP NEW YORK, Than. The transfer of bank fundi from one coaatry to uotkr will get a new look next week when a high-speed telecommunications network make* it debut in North America. The system dubbed Swift (Society for Worldwide Interbank Financial Telecommunications)AP - 245 words
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374 1977-09-23 2 UPI TOKYO, Thurs. Japanese steel makers yesterday were urged by the Industry's leading spokesman to reach a quick agreement to restrain voluntarily their shipments of steel to the United States. "We must hurriedly Implement a programme of voluntary restriction of steel exports to America,"UPI - 374 words
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Article552 1977-09-23 2 Reuter GENEVA, Thurs. Failure by the European Economic Community (EEC) to adopt a more flexible position on export quotas aroused concern yesterday at negotiations here on a new international sugar agreement, but conference sources said the Geneva talks were not necessarily in Jeopardy. SinceReuter - 552 words
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296 1977-09-23 2 Reuter CANBERRA. Thurs. Australia and some other sugar producers are being asked to contemplate reducing their sugar exKrts very substantially at e United Nations sugar conference in Geneva, while others are being treated over-generously, Overseas Trade Minister Doug Anthony said. In a statement issued onReuter - 296 words
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236 1977-09-23 2 AP WASHINGTON, Thurs. The head of the United Steelworkers Union (UBW) expressed alarm yesterday over "the spectre of permanent unemployment" facing his members because of growing steel imports. USW president Lloyd Mcßride said thousands of jobs have already been lost and thousandsAP - 236 words
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Article108 1977-09-23 2 Reuter WASHINGTON, Thurs. US real spendable earnings fell 0.6 per cent in August from July on a seasonally adjusted basis, the Labour Department reported. This decrease was due to the 0.6 per cent decline in real gross average weekly earnings. Real weekly earnings fell because ofReuter - 108 words
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Article72 1977-09-23 2 Reuter ROME, Thurs. The Italian government plans to respect IMF limits on state spending and state deficit and to maintain Investment at an adequate level to avoid recession In Its Budget for 1978, Economic Planning Minister Tomasso Morllno said. Mr. Morllno said the government Is thinking InReuter - 72 words
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751 1977-09-23 2 AP WASHINGTON, Thurs. Delegates from 131 countries converge on Washington this weekend for the 32nd annual meetings of the World Bank and the International Monetary Fund (IMF). They will grapple with the world's problems of economic growth, Inflation, unemployment, and trade Imbalances andAP - 751 words
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287 1977-09-23 3 Reuter BONN, Thurs. West Germany yesterday criticised a decision by EEC foreign ministers to hold down textlle Imports under a renewed International textile agreement. A Foreign Ministry spokesman said his government was concerned that the EEC was abandoning the open-trade policy in relationsReuter - 287 words
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Article, Illustration660 1977-09-23 3 Reuter WASHINGTON, Thurs. Treasury Secretary Michael Blumenthal said he expects f the US economy will continue Its solid growth through this year and Into 1978. Mr. Blumenthal, who was speaking to the Association of Primary Dealers In US government securities In New York and whose remarksReuter - 660 words
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398 1977-09-23 3 AFP BRUSSELS, Thurs. The European Economic Community and Comecon, the Eastern European economic cooperation body, held their first round of official ministerial level talks here yesterday. The purpose was to lay down a time-table for negotiations on mutual cooperation. The talks got under wayAFP - 398 words
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Article1107 1977-09-23 3 UPI NYT WASHINGTON, Thurs. The Bert Lance affair is over and President Carter, deprived of his closest friend and adviser In government, now must find a new Budget Director. No matter who fills Mr. Lance's chair at the Office of Management and Budget (OMB), theUPI; NYT - 1,107 words
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276 1977-09-23 3 Reuter BRIDGETOWN (Barbados), Thurs. Commonwealth finance ministers appeared In agreement that conditions on International Monetary Fund (IMF) loans needed to be made more reasonable and more flexible, conference sources said. There appeared to be consensus after the first day's talks yesterday tReuter - 276 words
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Article172 1977-09-23 3 UPI TOKYO, Thurs. Japanese salaried workers earned U558,589 (8*20,957) on an average last year an Increase of 12.8 per cent over the previous year but In real terms they enjoyed almost no Increase, according to a survey by the National Tax Agency. The survey, releasedUPI - 172 words
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246 1977-09-23 3 Reuter WIESBADEN, Thurs. The West German foreign trade surplus rose to 2.52 billion marks (552.5 billion) In August from 1.76 billion in July and compares with the downward revised 1.19 billion In August 1970, the Federal Statistics Office said. In the same month ItsReuter - 246 words
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506 1977-09-23 3 AFP WASHINGTON, Thurs. The Idea of a tougher International Monetary Fund (IMF) with a firmer control over the world financial scene, will be at the heart of the fund's annual meeting which opens here next Monday. The subject is absent from the agenda,AFP - 506 words
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Article53 1977-09-23 3 Reuter WASHINGTON, Thurs. The Treasury said It sold US$3.l4 billion (557.6 billion) of two-year notes at an average yield of 6.74 per cent. The average yield was unchanged from the last auction of two-year notes on Aug 31. Bids for the notes totalled $5.49 billion, theReuter - 53 words
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Article203 1977-09-23 3 Reuter WASHINGTON, Thurs. US Treasury Undersecretary for Monetary Affairs Anthony Solomon said the US would support any Saudi Arabian move to get its own seat on the IMF board, but added it has no indications of Saudi Arabia's Intentions. He said this supportReuter - 203 words
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Page 2 Advertisements
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Advertisement1028 1977-09-23 2 China trade... a US$2O billion goldmine Herefe how you can tap it In a series of bold moves, China's new leadership has embarked on an ambitious economic development program aimed at accomplishing the modernization of the country's industry, agriculture, technology and national defence. According to senior officials interviewed in Peking,1,028 words
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Page 2 Miscellaneous
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Miscellaneous51 1977-09-23 2 i WEATHER report for 24 boor* prior to 7.30 pm on Sopt. 22 at Singapore airport. Maximum Temperature 29.8* C Associated Humidity 80 Minimum Temperature 23.4° C Associated Humidity 99 Hours of Sunshine 2.40 Rainfall In Millimetres 40.4 Total Rainfall for the Moath 142.3 Total Rainy Days for the Month51 words
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Page 3 Advertisements
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Advertisement60 1977-09-23 3 W A A A "1 *>■ v V n>, >»> A'»»»■'»») <4*4/ '■'iLii»<i^ii -«5 H. fy-i 3fc >> .a: f >• i«* -y K Aft -d mm =C 5? -Jr.* I > < ffMw-dk Ml tui£ wmmmmmmm > mV.* 4 > A n: »v» I 5 *S xjg HOCK SWEE60 words
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Page 3 Miscellaneous
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Miscellaneous301 1977-09-23 3 SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee My sister wants me to get married A Mandarin film (Repeat) 4.35 Intermission 6.05 Opening announcements followed by Exercise With Gloria 6.30 News in Brief 0 6.35 The First 365 Days in a Child's Life* 7.05 M'liss Starring: Rita Morneo,301 words
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Miscellaneous624 1977-09-23 3 TWO-IN-ONE CROSSWORD 2 H3 1 112 30 31 CRYPTIC PUZ ZLE ACROSS 4 Put pressure on Bob Lock (0) 7 What animals will eat this? (3-5) 8 Swimming experts that may come to rest (6) 10 Be honest and come It! (5) 13 It's thrust into the peepshow (4) 14624 words
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COMPANY NEWS
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COMPANY MEETINGS
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Article28 1977-09-23 4 THE following company meetings are due: Sept 26 it 10.00 a.m. at Tlngkat Kedua, Block E, Kompleks Pejabat Da mansara. Damansara Heights, Kuala Lumpur.28 words
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Article18 1977-09-23 4 Sept 29 at 10 a.m. at Ban Hln Lee Bank Chambers, Ist floor, Beach Street, Penang.18 words
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Article19 1977-09-23 4 Sept 29 at 10.30 a.m. at Ban Hln Lee Bank Chambers, Ist floor, Beach Street, Penan*.19 words
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18 1977-09-23 4 Sept 29 at 11.00 a.m. at Ban Hln Lee Bank Chambers, Beach Street, Penang.18 words
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LATEST RESULTS
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Article54 1977-09-23 4 Audited group pre-tax operating profit $3.45 million ($3.40 million) for the year ended April 30, 1977. Tax $1.31 million ($1.54 million) leaving net profit $2.14 million ($1.86 million) Company pre-tax profit $3.41 million ($3.19 million). Tax $1.27 million ($1.51 million) leaving net profit $2.14 million ($1.68 million). Dividend54 words
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Article23 1977-09-23 4 Unaudited group net loss $361,747 ($104,758) for the first half year ended June 30. 1977. Sales $2.64 million ($3.78 million).23 words
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944 1977-09-23 4 MALAYAWATA Steel, the Pral-based operator of Integrated steel mill whose profit was severely slashed In the recessionary 1975/76 financial year but which recovered some ground in the year to March 31, 1977, appears to be generally moving towards better prospects. For one thing,944 words
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541 1977-09-23 4 LOWER foreign exchange gain was the main factor behind the near 40 per cent fall In net profit to M 53.9 million suffered by Shell Refining (FOM) for the first half of the current year ending Dec 31, 1977. In fact, "It is541 words
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Article1345 1977-09-23 4 On Sept 21 TRAD IN a on the Chicago Board Options Exchange came to 102,099 Contracts on Wednesday compared with 81,775 contracts on Tuesday. OPTION OCT JAN APL STOCK Alcoa 45 3/4 i a/4 2 a/4 44 3/8 Alee* 90 1/16 1/3 1 1/4 44 3/8 Alcoa1,345 words
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636 1977-09-23 4 AFTER making a comeback to the dividend league following a near doubling in group pre-tax profit for the year ended June 30. 1977, Central Sugars Is unable to forecast the current year's earnings or dividend payout. For the year Just ended, the company declared636 words
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Article427 1977-09-23 4 Current Ex Date Total far Total for payment Date payable the year previous year C. Sugars 10% Sept 5 Sept 29 15% nil International Wood 10%TE Aug 8 Sept 30 10%TE nil Pahang Consolidated 10% Aug 3 Sept 30 15% 10% Keck Seng 10%I Sept 5 Sept 30427 words
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797 1977-09-23 4 NYT NEW YORK, Thurs. The recent rise In short-term Interest rates has played hob with stock prices. These days, along with all their other worries, many shareowners mull over the money market manoeuvres of the Federal Reserve, the nation's central bank. Interest rates have beenNYT - 797 words
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Advertisement232 1977-09-23 4 I >■**. V r THEHAMLYN PICTORIAL ATLAS OF THE WORLD A modern and comprehensive atlas has oecorne indispensable both to students of cjeocjraphy and to general readers who want to understand the new economic and political shape of the world. Here, for the first time, a concise fascinating and authoritative232 words
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508 1977-09-23 5 UK COMPANIES Reuter ON A TURNOVER increase of 14 per cent, Rio Tinto-Zlnc reported that pre-tax profit rose 19 per cent from £123 million to £146.1 million In the first half-year ended June 30, 1977. The earnings of 16.79p per share, up from 13.03pReuter - 508 words
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102 1977-09-23 5 Reuter BOC International said the US Federal Trade Commission will not appeal to the Supreme Court against the Appeal Court's ruling that BOC can maintain Its 34 per cent holding In Alrco Inc. In May, the US second circuit Court of Appeal overturned the DecemberReuter - 102 words
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Article75 1977-09-23 5 Reuter M.W. MARSHALL Investments (holding company of money brokers M.W. Marshall and Co) said It is holding discussions In New York with J.P. Cabot Equity Corp with a view to purchasing Its subsidiary, Lasser Bros Inc., a US money broker. The purchase price will principally beReuter - 75 words
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Article68 1977-09-23 5 AFP THE National Enterprise Board, the state body that controls 95 per cent of British Leyland, will have to make big cuts in Leyland's investment plan unless the group's productivity Improves, the board chairman Leslie Murphy said here. The productivity targets set last March were stillAFP - 68 words
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242 1977-09-23 5 HIGHER OVERSEAS earnings especially from its plantation interests and lower interest charges enabled Boustead Ltd., to post a 51 per cent Increase in group pre-tax profit from £547,000 to £826,000 for the first half of this year. Group operating profit came to £983,000, up 25242 words
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147 1977-09-23 5 Reuter PRE-TAX PROFIT at Rowntree Mackintosh rose 33 per cent from £9 million to £12 million In the 24 weeks ended June 18, 1977. Sales were 21 per cent higher at £188.1 million (£155.1 million). The pre-tax profit was after interest charges of £2.23 million (£2.43Reuter - 147 words
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Article116 1977-09-23 5 Reuter THE Board of Redfearn National Olass said the offer by Rockware Group Is totally Inadequate. The board, which controls over 30 per cent of Redfearn shares, advised shareholders to take no action on the Rockware approach. Rockware group said it is making a £19.5 million bidReuter - 116 words
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132 1977-09-23 5 NEW YORK. Thurs. American Telephone and Telegraph said while earnings for the three months ended Aug 31, 1977 showed sustained improvement there are still a number of states where earnings fell significantly below the level required to support continuing growth and modernisation of Bell132 words
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Article103 1977-09-23 5 BorgWarner sees rise CLEVELAND, Thurs. Borg-Warner expects second-hal f results to show larger gains over a year earlier than the 16 per cent earnings Increase on seven per cent sales growth In the first half this year, treasurer William Valiant told security analysts. Strong performance has been recorded by the103 words
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Article84 1977-09-23 5 Reuter SAN FRANCISCO. Thurs. Subsidiaries of Standard Oil Co of California (Socal) and Texaco Inc will Jointly develop production from four new oil fields in Indonesia where no oil previously was found. Socal said the fields have been discovered since 1974 In a district ofReuter - 84 words
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Article71 1977-09-23 5 Reuter TULSA, Thurs. Cities Servles said It expects third quarter earnings to be lower than earlier anticipated due to a combination of strikes, lower copper demand and lower copper prices. Some of the factors will continue Into the fourth quarter and most are In minerals operations. CitiesReuter - 71 words
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Article45 1977-09-23 5 MasseyFerguson Reuter BRANTFORD, Thurs. Massey-Ferguson said construction will begin Immediately on a 6,690 sq. metre addition to Its steel stamping plant here. It gave no financial details. Completion of the facility, to be used mainly as a truck shipping depot, Is scheduled for next spring.Reuter - 45 words
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604 1977-09-23 5 NYT NEW YORK. T. Row Price, who retired many years ago from the mutual fund management company that bears his name, has since pursued an Independent course as always In managing money his own at this point. Reached by telephone at his Baltimore officeNYT - 604 words
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211 1977-09-23 5 ASIAN COMPANIES Reuter HONGKONG, Thurs Hongkong and China Gas said unaudited net profit advanced 14 per cent from HKSIO million to $11.37 million In the first half of this year. Turnover also rose by an Identical margin to $02.03 million from $54.2 million In theReuter - 211 words
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229 1977-09-23 5 Reuter SYDNEY, Thurs. Treatment of material from the first section of a drive Into diamond-prospective sedimentary wash at Cope ton, New South Wales, yielded 28 diamonds, Audlmco said In a report to Sydney Stock Exchange. While this number Is not of economic Importance, Audlmco saidReuter - 229 words
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Article195 1977-09-23 5 AFP HONGKONG, Thurs.' The first public unit trust to invest in United States securities utilising the full range of option trading strategies was launched here today by Sun Hung Kal Securities, local stock brokers. Named "Sunbo" this trust fund Is a Joint ventureAFP - 195 words
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77 1977-09-23 5 Reuter TORONTO, Thurs. A spokesman for Toronto Dominion Bank said the board approved the sale of the bank's 40 per cent Interest In International Consolidated Investments of Hongkong. He was unable to give further details but said an announcement would be made shortly. TorontoReuter - 77 words
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140 1977-09-23 5 Reuter AMMAN, Thurs. The stateowned Royal Jordanian Airlines has signed a US$7O million loan package agreement with a syndicate of international banks. The loan will be used In financing the purchase of two Boeing 747 jumbo Jets that went Into service earlier this year. AReuter - 140 words
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190 1977-09-23 5 Reuter SYDNEY, Thurs. With a marginal increase In sales, Waltons Ltd., achieved a 43 per cent rise in audited consolidated net operating profit from A 54.64 million to $6.66 million for the year ended July 31, 1977. Sales stood at $290.55 million compared withReuter - 190 words
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Article69 1977-09-23 5 Reuter LONDON Thurs. Jardine Barclays said it tyLs acquired 30 per cent of the issued shares of Thai consumer finance company, Bangkok Investment, which is quoted on the Bangkok Stock Exchange. A spokesman said the company Is not disclosing the purchase price. Jardlne Barclays is a recentlyReuter - 69 words
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Article86 1977-09-23 5 AFP BANGKOK, Thurs. The Thai Government has given the greenlight for the European Asian Bank (Euras) to set up a branch office in Bangkok, government sources reported. The sources said West Germany would hold 40 per cent shares in the planned branch office and other European banksAFP - 86 words
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207 1977-09-23 5 EUROPEAN COMPANIES Reuter PARIS, Thurs. RhonePoulenc Textile said shareholders asked the company's chairman to study urgently measures to reduce the size of operating losses. This was decided at an extraordinary general meeting held as a legal requirement to decide whether to continue operations because lossesReuter - 207 words
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Article96 1977-09-23 5 Reuter ROME, Thurs. Salvage of the mining and textiles subsidiaries of the liquidated state Egam group will cost over 600 billion lire, according to estimates by state oil group EN I. ENI chairman Pletro Sette told Parliament ENI proposes to close down several unprofitable mines and metallurgicalReuter - 96 words
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Briefly
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Article86 1977-09-23 5 Reuter NEW YORK, Thurs. Venezuelan Finance Minister Jose Sllva Luongo said his country has filed a registration statement with the Securities and Exchange Commission covering offerings of US$75 million of seven-year notes and $75 million of 15-year notes. Morgan Stanley, First Boston Corp and Salomon Brothers willReuter - 86 words
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Article78 1977-09-23 5 Reuter STOCKHOLM, Thurs. Sweden plans to borrow at least US$lOO million on US financial markets In a bond Issue to be announced within two months and underwritten by a group of investment bankers led by Salomon Bros, bond market sources here said. The issue, In two parts withReuter - 78 words
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Article45 1977-09-23 5 BeatriceWinters pact Reuter AMSTERDAM, Thurs. Konlnklijke FrisdrankenIndustrle Winters BV said It reached agreement with Beatrice Foods of Chicago for the US company to take a majority stake In Winters. It declined to give financial details. Winters Is a bottler and distributor of soft drinks. Reuter.Reuter - 45 words
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Article46 1977-09-23 5 Reuter LONDON, Thurs. East Asiatic Finance 8A has made a US$l5 million fiveyear private placement with Hambros Bank and Salomon Bros International as Joint lead managers. Informed market sources said. Coupon is 7% per cent and the placement was priced at par. ReuterReuter - 46 words
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Article57 1977-09-23 5 Reuter LONDON, Thurs. The Natomas International Corp US$3O million Eurobond has been priced at 99 1/2, co-lead manager Salomon Brothers International said. The bonds, guaranteed by Natomas Co, carry an eight per cent coupon, as indicated, and are due 1984. A sinking fund will operate to give theReuter - 57 words
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Article54 1977-09-23 5 Reuter FRANKFURT, Thurs. An Algerian borrower, probably Banque Exterleure D'Algerle, is negotiating the issue of a mark Eurobond, bond market sources said. Amount will be between 80 million and 100 million marks. It will be the first mark Eurobond offering by an Algerian name. Lead manager was namedReuter - 54 words
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Article50 1977-09-23 5 Reuter LONDON, Thurs. STE Generate of France plans to issue on Sept 30 a US$6O million floating rate bond due 1984 with a H per cent spread over London interbank Eurodollar deposit rate and a minimum initial seven per cent coupon, issue manager Morgan Stanley International said. Reuter.Reuter - 50 words
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Article27 1977-09-23 5 Reuter FRANKFURT, Thurs. Credit National's 150 million mark 10-year six per cent Eurobond was priced at 99% per cent, lead manager Dresdner Bank said. Reuter.Reuter - 27 words
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Article96 1977-09-23 5 KloecknerWerke to raise capital Reuter DUISBURG, Thurs. Kloeckner-Werke Ag said it will raise its basic capital to 447 million marks from 347 million by issuing 100 million marks of new shares at 105 per cent. Kloeckner said the operation will take place before •the end of its business year whichReuter - 96 words
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Advertisement197 1977-09-23 5 The Captain requests the pleasure of your company. JLM Dry Dock Martini or an effervescent Surf Rider. Since 1819, Singapore has been a port of call for ships of every nation on earth, "free of duties equally and alike to all". Today it is the fourth largest harbour in the197 words
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Article2329 1977-09-23 6 Gr Gr'* Net 1 1977 1 -a»t div Div y'M P/E Vol Day High Low Company Sale +OC- C'VT ('00 0) Hi<h Low SECTION ONE INDUSTRIALS 154 136 Acma 140 unch 12.0N 1.8 8.5 6.5 5 140 139 204 172 Alcom 172 10.0 0.5 5.8 27.7 1162,329 words
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Article1227 1977-09-23 6 BID and offer price* officially luted and business In and reported to the Stock Exchange of Singapore yesterday with the number of share* traded ihovn In bracket* In tot* or 1.000 unit* unlea* othenrtae specified All Time Settlement Contract* arequoted after lite word "Sett Big Board deal*1,227 words
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Article1549 1977-09-23 6 BID and offer price* 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 Asms (1.38B). AJlnemete (1.708 1.808). A. CAM (1.088 1.078) <5) 1.08.1,549 words
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Article74 1977-09-23 6 STRIKING price* of the atock option* 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. DBS (March $3.60) (0.10B). (Dec. 53.60) (0.808 0.305). Inchcape (Sept. 52.40) (0.065). (Dec. $2.40) (0.05874 words
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Article142 1977-09-23 6 SINGAPORE UNIT TRUST INCOME BOND UNIT IDUu|«i price for Sept Z3) (Current pi rim) The Commerce 1.73 1.83 INCOME BOND 1.07 1.13 The Saving Fund 1.03 1.06 S pore Prof Fund 0.82 0.81xd MARA BIMIPUTRA FUND S'pore Security Fund 1.54' 1.83 (Muiin' prior* for Sept 21) S pore142 words
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Article157 1977-09-23 6 B O T 8 1/2% 1981 (100,000) (103*B 103*S) B O T 7 5/8% 1984 (100,000) (99*8 99HS) LTCB J 1982 (100,000)(98*B 99*S) Credit Lyonnais Floating 1983 (100,000) (98*B 98SS) DBS Converts C 1/2% 1991 (100,000) (978 98S) D B 8 8 1/2% 1982 (100,000) (101*B 102 *S)157 words
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Article148 1977-09-23 6 Rep Spore D Mark 7% 1982 (100,000) (IOIVhB 101HS) Rep Spore 6 1/2% I*B3 (100.000) (1008 100HS) Rep Spore 7 3/4% I*B7 (100,000) (100V,B 101S) 5 1/4% 1/12/77 (250,000) (101.30S) 5% T F 1/3/78 (250,000) (101.455) 5 1/2% 15/4/78 (250,000) (101.10S) S 1/2% 1/4/78 (250,000) (101.10S) C 1/2%148 words
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Page 6 Advertisements
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Article, Illustration649 1977-09-23 7 SHARES maintained a alow drift downwards in light trading on the Stock Exchange of Singapore yesterday. For the better part of the day, sellers dominated the scene with cheaper offers as buyers were scarce in most issues. Only among the glamour issues was there volume on the decline,649 words
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Article409 1977-09-23 7 TRADING continued to rule dull and easy amid lack-lustre trading on the Kuala Lumpur Stock Exchange yesterday. Shares on most fronts were pared to below their previous closing levels, although one consoling thought Is that the declines recorded were mostly between one to three cents. Tin counters,409 words
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INTERNATIONAL STOCK MARKETS
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Article335 1977-09-23 7 HONGKONG: The market closed little changed in fairly quiet trading on Thursday, dealers said. The Hang Seng Index dropped 1.5 ponts to cine at 419.43. Jardinc Mathesea fell 10 to HK514.20, Hongkong Land and Swire Pacific five cents each to $6.65 and $6.25 respectively, while Hmigfc—f Bank. Hutchison and335 words
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Article471 1977-09-23 7 TOKYO: Share prices fell on Thursday, following the sharp overnight decline on Wall Street and on higher local margin trading debts, dealers said. The Dow Jones average lost 31.19 to close at 5,157.30 with volume 210 million shares The New Index closed at 365 23. down 1.92. Blue chips471 words
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Article407 1977-09-23 7 SYDNEY: The market eased slightly on Thursday, with leading Industrials little changed In quiet trading, dealers said. The Sydney All-Ordinaries dropped one point to close at 438.42. Pancontinontal fell AlO cents to $7.80. Hamersley 10 to $2.65. Oakbridge five to $1.57, The National five to $2.70, AAR two to407 words
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Article177 1977-09-23 7 MANILA: The market closed mixed on Thursday with oils lower and minings firmer, dealers said. Turnover rose to 17.06 million pesos from Wednesday's 13.85 million. Atlas and Mariaduque led the mining sector, four and six Lolnts respectively, while t pan to increased by three and others were slightly higher,177 words
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Article103 1977-09-23 7 8EPT a Bahts Ail* Fibre 178 -1 Bangkok Bank ai -4 Bangkok Invest 262 unch Bangkok-Metro-politan Bank Bata 895 Berll Jucker 434 unch Charoong Thai Wire 1778 unch Dumex Duslt Tha.nl 2348 Faber Merlin First Trust 1828 unch Genera Finance 245 -2 Indo-Thai Industrial Finance Corp 1305S J And103 words
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Article309 1977-09-23 7 AMSTERDAM: The market firmed slightly on Wednesday, following Tuesday's 1978 budget announcement. Dutch Internationals rose strongly led by Royal Dutch which closed 2.10 guilders up. Elsewhere, transports were firmer on balance after strong demand built up late In the session for HAL and KNBM. The two shares closed 5.50309 words
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Article168 1977-09-23 7 BRUSSELS: Belgian shares were mixed with a lower bias In quiet trading on Wednesday, bourse sources said Soflna and Hoboken both rose but Sidro, Asturienne. WafomLits, UCB, Teatenderlo, and Finoutremer all lost ground. In foreign shares. UK and US were mostly up, German, Dutch and Canadian firmed and French168 words
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Article297 1977-09-23 7 FRANKFURT: Shares closed mixed after very dull trading on lack of orders on Wednesday, bourse sources said KloeckaerwertM, which announced both a basic capital rise to 447 million marks from 347 million and a rise In ninemonth sales, held unchanged. Banks and stores were well maintained but most other297 words
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Article142 1977-09-23 7 MILAN: The market eased over a broad front in quiet trading on Wednesday, bourse sources said. All leading Industrials fell as did major banks and insurances. In flnanclals, Bastogi and IFI privileged fell while La Centrsle was steady Bonds were slightly lower In quiet trading. SEPT 21 Lire Ank:142 words
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Article343 1977-09-23 7 PARIS: The market rallied on Wednesday, following announcement by the Communist Party of less extensive nationalisation demands, dealers said Peuceot-Citroen and Cie Francaiae Dea Petrolea, which had previously been on the communist list, gained ground while banks, foods and electrlcals were also stronger. Americans and oils were a little343 words
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Article264 1977-09-23 7 ZURICH: The market closed narrowly mixed In rather quiet dealings on Wednesday. Leading banks and insurances were generally steady while small declines predominated in flnanclals. The Credit Suisse Index closed unchanged at 240.1 points. Among Irregular industrials, some demand centred on bearer shares of Saurer and Alusuisse and on264 words
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Article413 1977-09-23 7 JOHANNESBURG: Gold shares on Wednesday were firmer on the stock exchange, though occasionally off the top. In moderate trading, dealers said. They said some New York buying pushed prices higher In the afternoon but some small bouts of profit-taking set In towards the close. Gains by heavyweights ranged to413 words
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Article374 1977-09-23 7 TORONTO: The market closed sharply lower In moderate trading on Wednesday, with the composite Index off more than six points and declines leading advances by 245 to 15". Management Issues, pipelines, transpor atlon and metals were all doubie digit losers.The gold Index, however, jumped more than 45 points on374 words
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Article1237 1977-09-23 7 NEW YORK: The stock market on Wednesday ran up Its biggest loss In nearly two years, reflecting concern among Investors about the political and economic situation at home and abroad. Trading volume was active. Much of the selling, however, was seen as a precautionary move by traders, many1,237 words
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Article64 1977-09-23 7 FINANCIAL TIMES INDUSTRIALS Wednesday 520.0 Tuesday 522.3 Week Ago 549.2 DOW JONES AVERAGE INDUSTRIALS 'Wednesday 840 96 Tuesday 851.78 Week Ago 858.71 LONDON DOLLAR PREMIUM Wednesday 90V» to 91 Tuesday 90 to 90' 3 H.K. HANG SENG Wednesday 420 93 Tuesday 420.48 Week Ago 428.15 SYDNEY INDUSTRIALS Wednesday 372.0664 words
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Page 7 Advertisements
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Advertisement60 1977-09-23 7 MONDAYS, WEDNESDAYS and FRIDAYS from Singapore. TUESDAYS and SATURDAYS from Bangkok. >* m s*l /i J' KLM friendly, helpful, efficient, reliable. The sort of airline you'd expect from a wonderful country like Holland. S N ff KLM ROYAL DUTCH AIRLINES G2 Mandarin Hotel Arcade. Orchard Road. Singapore 9. Tel: *****160 words
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COMMODITY REPORTS AND PRICES
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Article507 1977-09-23 8 THE SINGAPORE rubber market yesterday opened 0.25 cent lower, then rose fractionally on short-cover-ing before stale bull liquidation brought prices lower. Fresh buying interest from upcountry later brought prices back to overnight levels, dealers said. There were fair lower grade inquiries for East European destinations,507 words
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Article314 1977-09-23 8 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Int. 1 R.S.S. prompt f.o.b. Buyers Sellers Buyers Sellers 211 00 212.00N 212.00 213.00 Int. 1 R.S.S. October 212 00 212.50 212.75 213.25 Int. 1 R.S.S. November 214 00 214.50 215.00 215.25 Int. 2R.SS. 208.75 209.7SN314 words
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Article96 1977-09-23 8 NOON. SSR and SMR prices yesterday R.A.S. (Currn t Mtk) (Porward Mtb) Buyari Saltan Buyen Sellers (cent* erkc) (eaa tiparkc) SSR20 (1-ton pallet) 205.00 207.00N 200.00 208.OON SSR50 (1-ton pallet) 202 50 204 508 203.50 206.SON m MRELB SMR5CV (1-ton pallet) 224.00 226 00N 224.50 226.SON SMR96 words
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Article30 1977-09-23 8 Rubber: Sept 22 Singapore: October 212.75 cents (up 0.75 cent) Malaysia: October 214.00 cents. (up 0.75 cent) Tin: $1,711 (up $20) Official offering: 270 tonnes (up 28 tonnes).30 words
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Article305 1977-09-23 8 HONGKONG, Thurs. The cotton futures market closed easier In quiet trading ahead of tonight's US domestic cotton consumption report, dealers said. December rose 0.62 US cents and ended at the day's high on commission house short-covering, while March and July fell 0.06 and 0.17 cents on heavy commission305 words
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Article468 1977-09-23 8 PEPPER dealers had a fairly good day In a generally quiet but steady Singapore produce market yesterday. Overseas advices continued to pour in for pepper, and in the process, sent prices up by as much as $7.50 a plcul at the height of the buying activity by exporters468 words
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Article277 1977-09-23 8 LONDON, Thurs. Coffee finished the morning £20 to £76 higher on turnover of 841 lots. November closed at £2,462. Futures extended their advance as sellers withdrew, traders said. Physicals were quiet. Dealers quoted Guatamalans and Nlcaraguan coffee at US$lBO per 50 kilos bid for Jan/ Feb and offered at277 words
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Article51 1977-09-23 8 SHIPMENT of refined tin from Penang during the period Sept. 1 to 15. Destination Shipped Afloat Toimm* Africa Australasia 3.00 Canada 5.00 Continent 2»1.M India ISO.00 8.75 Japan «7.M 100.00 W«t Asia Pacific 30 00 27M.M 110.00 Sin fa pore 2.7S S. America UK US 1.004.00 Total 2.3(5.7551 words
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Article72 1977-09-23 8 C.I F. Rotterdam. US dollar* per ton. LONDON Malaysia 5% ffa bulk No* Sumatra 5% ffa Sept Oct Nov Dec Jan F*b Nigerian 5% ffa bulk Sumatra Sept Zaire (Belg francs per kilo) Wedaeedey 438 sir 520 sir 442 SO/MS pd 445 Dd 435/437.80 pd 437.90 pd 432.5072 words
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Article218 1977-09-23 8 LONDON. Thurs. Terminal cocoa opened £1 to £20 per tonne down. Sales totalled 2,323 lots. Early trades were at about unchanged levels but light trade selling In a thin market soon depressed values. An exception to the trend was the near September position which held steady, reflecting the tight218 words
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Article257 1977-09-23 8 THE STRAITS tin price In Pen&ng yesterday was up Ms2o to $1,711 per picul on an official offering up 28 tonnes td 270 tonnes. In LONDON yesterday, tin advanced by £50 for cash and £47 for Three Months standard while high grade gained £05 and £80 respectively. The257 words
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Article381 1977-09-23 8 LONDON, Thurs. Terminal sugar opened £1.30 to £0.25 per tonne above yesterday afternoon closing levels. Turnover totalled 1,074 lots. Market sources said all these gains were recorded on last night's kerb in line with a late bout of commission house buying in New York. There was, however, no immediate381 words
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Article193 1977-09-23 8 BANGKOK, Thurs. Indicative prices quoted here today were: (Prices in US dollars per tonne, fob basis. Banfkok) White Rice: 100 pet Ist class 308 100 pet 2nd 292. 100 pet 3rd 2SS. 5 pet 277, 10 pet 240, 15 pet 257, 20 pet 254.2S pet 245. 35 pet unq.193 words
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Article193 1977-09-23 8 CHICAGO, Thurs. Soybean futures yesterday advanced their dally limits In late trading as all contracts closed 30 cents a bushel higher. The September contract went off the board at noon with a 2ft cent gain. Tightness of nearby supplies as forecasts of rain indicate further harvesting delays In the193 words
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Article74 1977-09-23 8 CHICAGO, Thurs. Wheat futures yesterday closed sharply higher, finishing at the day's highs with gains of 7ft to 6ft cents a bushel. The September contract expired at noon, up sft cents. Continued exporter demand and export prospects, and initial firmness In other pits, added to the buying stimulus of74 words
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Article354 1977-09-23 8 LONDON, Thurs Copper wire bars showed gains of £8.00 per tonne all round. The market remained buoyant on shortcoverlng and some chartist operations mainly prompted by the very steady New York close, the further strength in gold and reports of scattered pockets of physical business, dealers said. Three Months354 words
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Article193 1977-09-23 8 LONDON, Thurs. Silver rose by mostly 1.7 pence per troy ounce. The continued rise In gold and the unsettled Middle East situation were again cited as the main factors supporting the market this morning. Three Months traded up to 270.0 pence on the premarket before slipping back under light193 words
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Article373 1977-09-23 8 THE KILOBAR In SlngaSre yesterday opened at 11,904, then drifted to a low of $11,950 before recovering to close at 8111,974. On the London market, the metal opened at U*****.20/40 and closed 30 cents higher at U*****.50/70. The London gold fix was U*****.50, up 20 cents from the previous373 words
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Article81 1977-09-23 8 LONDON, Thurs. Lead closed with gains of mostly £1.50 per tonne. The firmer copper market encouraged shortcoverlng and fresh buying which lifted Three Months to £355 per tonne on the premarket, dealers said. Subsequently, hedge selling In the ring found buyers reserved and Three Months finished changing hands at81 words
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Article88 1977-09-23 8 LONDON, Thurs. Zinc this morning gained £2.50 per tonne all round. The pre-market found isolated fresh buying supG>rt which produced Three onths business up to £300 per tonne. But hedge selling subsequently predominated and the ring closed with Three Months trading at 1305. Sales of 3,500 tonnes were mainly88 words
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MONEY AND EXCHANGES
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Article524 1977-09-23 8 THE US dollar strengthened against major currencies yesterday on the Singapore forex market and this was particularly pronounced in the cases of the Swiss and Hongkong units. The US$/SFr rate opened at SFr 2.3605/15 but by closlng had reached SFr 2.3665/70. Similarly the USf/HKS rate opened at HK*****5/45 (TT)524 words
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Article40 1977-09-23 8 Mir 6 '< 6>, Citibank C'a 7 HSBC m Hank of America Indosuez 6». 7 6 Hank of Tokvo Mitaui Bank S>4 Hank Negara (K'BC J>4 Indonesia 7 OUB s>. ft KB 7 L'MBC 7 DBS I'OB 740 words
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Article183 1977-09-23 8 Asian rates ASIAN currency deposit interbank rates as at close on Sept 22: U8 Ml •n (Spot) Offer BM 7 days S 3/8 6 1/4 1 mth e i/2 6 3/6 2 mths 6 5/8 6 1/2 3 mths 11/16 6 9/16 Imths 15/16 6 16/16 mths 7 6 7/6183 words
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Article44 1977-09-23 8 RANGE of price* offered by discount houses on Sept 22 Overnight 5'*% Call deposit 3H to 3*« 3-Month Treasury btlU 3-Month Bank bills 3-Month CD 6-Month CD Buviac 31/1* 4 5/8 53/8 59/16 Selhac 215/16 41/2 51/4 57/16 Source: National Discount Co Ltd44 words
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Article135 1977-09-23 8 Euro rates LONDON, Thurs. Eurodollar deposits firmed slightly on the loss of Friday dealing technicality though trading was quiet, dealers said. The Fed's reverse repurchases, which helped to underpin rates in the US last nlcht, had no followthrougn effect here, they added. Eurodollar rates were, however, slightly higher than usual135 words
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Article38 1977-09-23 8 FRANKFURT exchange* opening tfuotes on Sept 22: 08 *****/12 dm 2 1653/61 OK 4.MS/0U MeUt M 10/20 Swltt M .07/17 Italy 2 825/su Norw 42 13/11 Bel# (cow) 6.47/41 Be If (ftn) I 46/47 Japan 0 MN/*70638 words
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Article237 1977-09-23 8 LONDON, Thurs. The dollar tended lower against major currencies in quiet opening trading, Influenced by market expectations of a further large rise In US money supply, figures for which are due later today, dealers said. The departure of President Carter's Budget Director Bert Lance, long discounted, had no effect237 words
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Article107 1977-09-23 8 NEW YORK, Thurs. Sterling and the Swiss franc yesterday closed sharply higher than their opening levels here In moderately active trading, while the dollar showed little movement against most other currencies, dealers said. News of a widening in the US current account deficit in the second 1977 quarter,107 words
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Article114 1977-09-23 8 HONGKONG, Thurs. The Swiss franc weakened gradually throughout the day here to close at 2.3640/ 60 from New York's closing midpoint equivalent of 2.3618, with profit-taking and possible anticipation of Swiss National Bank Intervention paring overseas gains, dealers said. Dealers said news that US Budget Director Bert Lance resigned114 words
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Article151 1977-09-23 8 TOKYO, Thurs. The US dollar for overnight delivery fell In active trading to close at 266.65 yen, compared with a 266.80 opening and 266.93 at yesterday's close. The US currency fell to 266.50 at one point In line with a decline abroad following the resignation of US Budget Director151 words
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Article55 1977-09-23 8 ZURICH exchanges closing quotes on Sept 21: VS 2 3607-3677 UK 4 12S5-126S Can 2 2077-2086 W Germ 101 88-102 02 Neth M 01-06 Prance 48 06-06 Beif 6 60-1/4-61-1/2 Demo 38.38-40 Nor* 43.07-08 Swed 48 81-83 Italy 0 2680-2682 Austria 14.30-1/4-31-1/4 Port 5 83-86 Spain 2 78-1/4-80-1/2 Ar«55 words
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Article60 1977-09-23 8 AU8TRALIA/NZ exchanges on Sept 22: Australia: Sterling 0 6372/ 0 004 US dollar 1 1075/1 10*7 Ninety-day air mall buying rate* Sterling 0 8S1S US dollar ***** Ninety-day forward buying rate*: Sterling 0 6310 US dollar 1 OOM New Zealand: Sterling 0 5670/0 383# US dollar 0 97S3/0 MM60 words
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Article323 1977-09-23 8 LONDON, Thurs. The Eurobond market was relatively quiet this morning, dealers said. US issues were marked down by up to point on speculation of disappointing U8 weekly moneysupply data, dealers said. US convertibles edged quietly lower with the easier trend on Wall Street while Japanese convertibles held steady at323 words
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Page 8 Advertisements
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Advertisement169 1977-09-23 8 1 r MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE V s ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have token place in all important sectors of the economies of countries in East and Southeast Asia.169 words
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Article365 1977-09-23 9 AFP HONGKONG, Thurs. China has been building more modern airports across the country to cope with the growing air traffic as a result of expanding foreign relations, according to the New China News Agency. These airports have been built or are being expanded in Peking, Tientsin,AFP - 365 words
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183 1977-09-23 9 AP JUNEAU, (Alaska), Thurs. Eight major oil com-> panles and shippers have filed a suit In federal court challenging the constitutionality of Alaska's new tanker safety standards, officials said yesterday. The suit was filed last Friday in US district court in Anchorage, they said, askingAP - 183 words
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398 1977-09-23 9 PARLIAMENTARY COMMITTEE ON AID Reuter LONDON, Thurs. The troubled British Leyland motor concern should be denied further government funds until Its production can match international competition, an influential parliamentary committee recommended yesterday. A total of £447 million 1 (about $2 billion) of stateReuter - 398 words
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Article153 1977-09-23 9 Reuter LONDON, Than. The Concorde supersonic airliner seems doomed to go out of production in mid-1978, according to an influential British parliamentary committee. In a report out yesterday, it said there appeared "no practical possibility of production beyond IS aircraft being authorised." A spokesman for the BritishReuter - 153 words
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Article992 1977-09-23 9 PORSCHE IN AUSTRIA FT VIENNA: An ambitious project to manufacture 50,000 relatively expensive motor cars in Austria as of 1983, based on a Joint venture with the German Porsche company of Stuttgart has become a subject of Intense public debate here. The Idea was put forwardFT - 992 words
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Article, Illustration397 1977-09-23 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Ibn Albelta (0500 must sail not later than 1100/25 th Overall length not to exceed 180 m) 3/4 Jlnyo Maru (Jede) (0800) 19 May Breeze (2100 after Spes sails Pacmonarch berths) 6/7 Nordhausen (1100 Class I on board) 31/32 Pacmonarch (B/CUnker) (1900 tide397 words
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Article53 1977-09-23 9 NINE major companies from the Canadian marine industry are exhibiting at Europort '77 the 16th International Maritime Exhibition which covers shipbuilding engineering and port equipment. Europort '77, held In Amsterdam, will be held between No* 15 and 19 this mr. The Canadian extors Include the Canadian Shipbuilding53 words
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263 1977-09-23 9 WASHINGTON, Thurs. Members of Congress who favour granting US landing rights to the British-French Concorde warned yesterday a ban on the flights may spur retaliation from the two allies and would "hand a hatchet" to European communists. The US government must decide263 words
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Article77 1977-09-23 9 THE gunboat "Pahlawan", veteran flagship of the Royal Brunei Malay Regiment flotilla, returned to Singapore from the UK abroad Overseas Containers Llmlted's (OCL) contalnershlp "Cardigan Bay" on Sept 18. She was in the UK earlier this year to participate in the naval review held in June as part77 words
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Article592 1977-09-23 9 ARRIVALS service Local Operator Number Time Prom KAL KE807 0015 SEL CAL CI 331 0040 TPE/HKO/KUL SLA SQ582 0250 MAA/CMB MAS MH682 0810 KCH PAN PA847 0810 SFO/HNL/OUM OLA OA0OO 1000 HLP QIA OA08O 1030 HLP SLA SQ211 1045 HLP QIA OA944 1055 PKU OLA OA 908592 words
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Article170 1977-09-23 9 UPI LONDON, Thurs. Despite persistently slow fixing on the North American grain trades with a noticeable lack of recent Great Lakes activity, the trans-Atlantic grain rate continued to edge upwards. Bunge found It necessary to concede the Improved figure of U554.37 1/2 (FIO) to the Konkar VictoryUPI - 170 words
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Advertisement42 1977-09-23 9 M: 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 242 words
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Advertisement241 1977-09-23 9 5? <* > i i r> L Si a* h f V i** £4 iP 5 NVN^ Out! The September issue is here. The issue with the bright new look. I I I I I 11 |H KMMII was introduced to the public in October 1972. In the same month,241 words
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Article, Illustration1490 1977-09-23 10 JOHN ROGERS - By JOHN ROGERS Reuter VIENTIANE: The economy of Laos, seeking to establish state socialism with few resources after years of civil war, is in a mess. It faces grave food shortages next year, problems in gearing its previously spoon-fed economy to complete independence, complex communicationsReuter - 1,490 words
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Article728 1977-09-23 10 NANCY DUNNE - COUNTERFEIT BLUE JEANS By NANCY DUNNE FT IN A flurry of law suits, arrests and seizures, an eight-man corporate security team Is winding up the "takes yer choice" case of the great blue Jean caper, a foiled plot unsurpassed In the history of denim deceptions. MoreFT - 728 words
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882 1977-09-23 10 BRUCE RUSSELL - By BRUCE RUSSELL Reuter LOS ANGELES: An Australian who once operated a flying doctor service In the sparsely-populated Australian bush is branching out by way of a space satellite to set up what he believes will be the first worldwide medical practice. DrReuter - 882 words
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980 1977-09-23 10 LUCY KOMISAR - EUROPEAN PARLIAMENT By LUCY KOMISAR Washington Star LONDON: After 20 years of evolution, the European Economic Community Is hovering on the edge of a Gitentlally profound step wards the federallsatlon of Europe. Establishment of a EuroGan Parliament, even a rgely advisory one, InWashington Star - 980 words
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Page 10 Advertisements
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Advertisement410 1977-09-23 10 vaSlil^hr^P-w* "-Eh' U&fe t ~5 -?rißs C£ i >1 H»1 "»]»i ,j «««iisif|i^ -J® 13 as *a .«a <>Z%. 4 «SS «W '^f 33 cs ia j* 55 s$ I' TOJV J AAA. THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn. For within the410 words
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BUSINESS TIMES
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Article, Illustration1541 1977-09-23 11 THIS YEAR'S Singapore Fair '77, organised by the Singapore Manufacturers' Association (SMA) will be far more than Just a shopwindow promotion for Singapore-made products the 90 local manufacturers and 50 Association of South-east Asian Nations (Asean) companies participating1,541 words
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Article190 1977-09-23 11 May I first extend my congratulations to the Singapore Manufacturers' Association in staging the Singapore Fair 1977.1 note that other ASEAN countries are also participating in this Fair. This will further promote ASEAN economic cooperation. The range of quality of products displayed in the190 words
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Article, Illustration312 1977-09-23 12 it's the great new way to figure it out The first made-ln-Singapore pocket-sized programmable calculator with a built-in printer will be displayed at the Singapore Fair by Hewlett-Packard Singapore. The SJBS2 keystroke programmable calculator (HP19C) features 98 fully merged programme steps, continuous memory, full editing and programming functions, 30 data312 words
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Article360 1977-09-23 12 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 12man trade mission which will arrive in Singapore360 words
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321 1977-09-23 12 Mr. Gopinath Pillai - Mr. Gopinath Pillai Message from the Organising Committee chairman, SINGAPORE manufacturers are slowly but surely awakening to the importance of export promotion activities. The growing number of new SMA members who join trade missions and participate In overseas exhibitions Is a firm indication321 words
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Article, Illustration344 1977-09-23 12 SINCE ITS establishment in Singapore In 1964 UIC Chemicals has become the largest local manufacturer of synthetic detergents. Set-up with pioneer status the company now produces a wlderange of household and Industrial detergents for local use as well as exporting throughout the south-east344 words
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883 1977-09-23 12 DAVID EGLI - TARIFFS ON THE RISE Singapore's is not the only voice raised against current protectionist trends in an unusually blunt report on international trade prospects, analysed here by DAVID EGLI in Geneva, the General Agreement on Tariffs and Trade (Gatt) secretariat has warned that883 words
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Article252 1977-09-23 12 When the Singapore Manufacturers* Association (SMA) was founded on May 30, 1932, there were seven members. This year the 45th anniversary of the organisation It Is more than 818 strong, with plans to recruit another 300-odd members before Its next annlveris strength. And the SMA grew from strength252 words
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Article, Illustration628 1977-09-23 13 IN THE 31 YEARS It has operated In the Republic Union Carbide Singapore has seen all the reasons for its parent choosing to start up here gradually disappear. But here It still Is and looks like remaining. Other manufacturers in Singapore looking for an example628 words
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775 1977-09-23 13 THE FOLLOWING are exerpts from a speech by Mr. Ong Leng Chuan at this year's meeting of the Singapore Manufacturers' Association. They highlight the importance of exports to the business community and also the fact that because of775 words
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Article, Illustration305 1977-09-23 13 Mr. Michael Yeo - Mr. Michael Yeo Chairman SMA SINGAPORE has established its reputation as an efficient global servicing centre. The wide range of locally manufactured products on display Is a clear indication that Singapore's manufacturing capability has also attained a high level of maturity and sophistication. The high quality of305 words
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Article196 1977-09-23 13 G.P.G. (South-east Asia) Pte. Ltd.'s plastic crate packaging was recently Judged the overall best entry In Singapore Packaging Award 1977. The packaging award competition, organised for the first time this year by the Singapore Manufacturers' Association, was aimed at improving packaging standards in the Republic. Four awards for196 words
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Article, Illustration727 1977-09-23 13 THE APPLIED Research Corporation (ARC) has managed to thrive on research and development which Is something that has not been too popular with local companies and tends to be given a low priority when they are planning new investments. 'Ironically, the ARC might have727 words
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Advertisement92 1977-09-23 11 ENAMELLED WIRES (S) PTE. LTD. 142, GUI CIRCLE, JURONG, SINGAPORE 22 PHONE: *****88 TELEX: RS ***** "ENWIRE" CABLE: MAGNETWIRE MANUFACTURERS EXPORTERS OF (A) PVC-INSULATED, PVC-SHEATHED (NON-ARMOURED) HOUSE-WIRING CABLES AS PER BS:2004:1961 85:6004:1969/ 55:50:1971. (B) PVC-INSULATED. PVC-SHEATHED, STEEL-WIRE ARMOURED POWER CABLES ft AUXILIARY CABLES AS PER 85:6346:1969. (C) ENAMELLED COPPER CONDUCTORS92 words
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Advertisement228 1977-09-23 11 Union Carbide Singa|x>re at th„ Evcrea3y^iwants you to know... we have the good, the better, and the best batteries for your needs \bu may be buying too much power-or too little power i Either way, you're wasting money. 1 How much power do you need in a~" battery? How much228 words
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Advertisement37 1977-09-23 12 S5 Z&i 'fix etc: OIC *V w Mi OIC «f it i A PR. -a s] UIC CHEMICALS PTE. LTD. UIC Building (13 Floor) 5 Shenton Way, Singapore, 1 Tel *****52 (5 Lines) Tele* "SINUNIN" RS *****37 words
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Advertisement105 1977-09-23 12 the best there is in pewter o »1 jf</ r ■SXI f X K >• f <■ ft Selangor Pewter, worid-renowned as an exquisite work of art. Elegant and beautiful. Functional as it is decorative. Individually handcrafted from 97% lead free Straits refined tin, Selangor Pewter is ideal for gifts105 words
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Advertisement163 1977-09-23 13 1. Official Opening by the 3. Asean Food and Deputy Prime Minister Fashion Week and Minister for September 26 Defence, Dr. Goh Keng Indonesia, featuring Swee at 4.00 p.m. on 10 models and 80 outSeptember 23, at the fits specially flown In Crystal Ballroom at from Jakarta. Hyatt Hotel. September163 words
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Advertisement137 1977-09-23 13 %V)iqSpe* \4*. r? mm YEO HIAP SENG GROUP OF COMPANIES SINGAPORE. KUALA LUMPUR. HONGKONG, LONDON. Distributors and Agents in all the principal cities of South-East Asia, Europe. Africa, N. America and Australia. ALSO PACKERS OF PEPSI, MIRINDA, CANADA DRY AND DEL MONTE PRODUCTS. Ta n 1 A I eat: im.137 words
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197 1977-09-23 14 MOHAN'S, the department store which for years was associated only with tourists, is now running a series of promotions to attract local customers to the store. These promotions include a lucky draw contest held In conjunction with a Jewellery exhibition, with exhibits197 words
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149 1977-09-23 14 MR RASMUS Rasmusson, the Swedish Charge d'Affairs In Singapore, yesterday called for the mutual exchange of ideas and techniques in environmental protection between the two countries. Mr. Rasmusson, who opened the one-day seminar on Outdoor Environmental Control, organised by Gadellus Pte. Ltd. at the149 words
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Article738 1977-09-23 14 LONDON, Thurs. Government bonds were higher today with yield considerations prompting fairly heavy demand. dealers said. w News of strong American demand late yesterday boosted sentiment and net gains ranged to over two points among longer maturities. Some profit-taking later pared the advance to 1 3/4 points, dealers738 words
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Article733 1977-09-23 14 THREE REASONS FOR RETENTION THE government has no plans to scrap the 10 per cent tax on income earned by banks on their "offshore" Asian dollar loans. For quite some time, many bankers, economists and tax experts have suggested the government reduce this tax733 words
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336 1977-09-23 14 Reuter KUALA LUMPUR, Thurs. A defence lawyer today argued In the federal court here that former Selangor state Chief Minister, Dato Harun Idrls, who was sentenced to Imprisonment by the High Court for allegedly forging the documents of Bank Kerjasama Raakyat (Peoples CooperativeReuter - 336 words
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250 1977-09-23 14 LARGE end-users of cleaning chemicals and detergents in Singapore will be introduced next month to a whole new range of chemical detergents which claims to be among the most powerful in the world and equally as well known. The range of 42 chemical250 words
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Article183 1977-09-23 14 AP NEW YORK. Thurs. The city's deficit for the next fiscal year will be at least US$35O million (SSBS4 million), not the $86 million estimated by Mayor Abraham Beame, the New York Times estimates. The Times said a new mavor elected In November couldAP - 183 words
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Article168 1977-09-23 14 AP CANBERRA, Thurs. The US-based mining company Dillingham Murphyores (DM) Minerals will be paid AS4 million (5510.76 million) as compensation following the cutting off of exports of titanium from the beach sands of Fraser Island. The Australian National Resources Minister, Douglas Anthony, said today the compensationAP - 168 words
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298 1977-09-23 14 THE number of baby girls In Singapore has tended to outstrip the number of baby boys since 1975, although there are more male than female births. This Is because the mortality rate for female babies Is much lower than the one-in-three for male babies.298 words
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173 1977-09-23 14 PIG farming will be prohibited in the Kranji catchment area from Oct 1 and Primary Production Department field officer*, after that date, will go to the area to aee that no pigs remain. According to a Ministry of National Development statement yesterday, Ponggol173 words
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Article110 1977-09-23 14 SINGAPORE'S Insurance Commissioner, Mr. Tan Guan Aik, has been elected president of the Asian Association of Insurance Commissioners. He was elected to this post at the recent Joint meetings of the Asian Association of Insurance Commissioners, the East Asian Insurance Congress (EAIC) and the Asian Reinsurance110 words
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500 1977-09-23 14 THE auction of all the fixed assets of Glychem Singapore Pte Ltd scheduled for yesterday has been postponed to Oct 6 on the instructions of the receiver, Mr. Quek Shi Kui of Arthur Young and Company. This auction, by auctioneer Cheong Koon Seng500 words
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Article129 1977-09-23 14 SPEAKERS from a wide range of professions have been Invited to address the eight annual convention of the Asia-Australasia Hotel and Restaurant Association (AAHRA) which opens here on Monday. The theme of the threeday convention Is "Success through professionalism." Papers to be presented at the convention129 words
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Article125 1977-09-23 14 THE INSTITUTE of Banking and Finance and the Association of Banks In Singapore will Jointly sponsor a conference "Banking and Finance In the 1980s" at the end of next month. The conference is intended for senior management in financial Institutions and topics will include a review of crucial125 words
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153 1977-09-23 14 AFP KUCHING, Thurs. Sarawak's bilateral trade with Japan during the first half of this year ended In a M 5208.9 million surplus In the state's favour. The figure was, however, $62.2 million less than that for the corresponding period last year, according to officialAFP - 153 words
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Advertisement205 1977-09-23 14 i w Data General It's smart business. J Presorting lunch hour programming. Programming on other computers eats up a lot of valuable time. But on Data General commercial CS/40 systems you can develop workable screen formats in as little time as an hour. So instead of having to wait for205 words
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