The Business Times, 24 September 1977
1977-09-24
1
12
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section10 1977-09-24 1 BUSINESS TIMES M.C.<P) 300/1/77 SATURDAY, SEPTEMBER 24, 1977 50 CENTS10 words
-
NEWS IN BRIEF
-
Article62 1977-09-24 1 UPI TOKYO, Frl. Malaysian Prime Minister Datuk Hussein Onn left for the United States tonight after winning Japan's promise to help his country In its five-year economic development plan. The Malaysian leader Is expected to arrive In Washington next Monday via Honolulu and Los Angeles. HeUPI - 62 words
-
Article46 1977-09-24 1 AP ATHENS, Frl. The Oreek Parliament was ordered to be dissolved on Oct. 20, as the nation's political parties began feverish preparations today for the Nov. 20 general election. The elections were called by Premier Constantlne Karamanlls a year earlier than scheduled. AP.AP - 46 words
-
Article39 1977-09-24 1 Reuter MADRID, Fri. A Spanish inter-minlsterlal committee has drafted a decree lifting price controls on all but 20 essential goods and services, informed sources said. The decree still has to be approved by the Cabinet. Reuter.Reuter - 39 words
-
Article69 1977-09-24 1 Reuter MANILA, Fri. Steel-helmeted police, with batons, water hoses and charging Jeeps, chased up to 5,000 chanting demonstrators through Manila's crowded commercial centre tonight In the noisiest anti-martial law protest in five years. Dozens of people, including some bystanders and street vendors caught In the surging mob, wereReuter - 69 words
-
Article66 1977-09-24 1 UPI NEW YORK, Fri. The Thomas Cook travel agency based in London has become "the largest corporate travel agent In the United States, with 1,300 accounts generating an estimated US$7O million (Ssl7o million) in sales annually," according to the Business Week magazine. This reflects a dramaticUPI - 66 words
-
Article76 1977-09-24 1 AP Reuter BRUSSELS, Fri. US President Jimmy Carter will visit Brussels on Dec. 2 to meet European Common Market and Belgiah authorities, Belgian Premier Leo Tindemans said today. There had been increasing talk among EEC officials here in recent days that another Western economic summit would takeAP; Reuter - 76 words
-
Article68 1977-09-24 1 UPI NEW YORK, Frl. Prices moved higher during the first hour today in fairly active trading on the New York Stock Exchange. The Dow Jones Industrial average, which lost 1.82 points yesterday was up 2.25 points to Advances led declines, 453 to 412, among the 1,386 Issues crossingUPI - 68 words
-
-
Chief Price Changes
-
Article, Illustration187 1977-09-24 1 LISTLESS trading with a barely steady undertone prevailed on the Stock Exchange of Singapore yesterday. Most shares finished on an easier note with ready sellers noted in many second and third liners. However, the Business Times index closed 1.19 points higher at 426.19 as a result of187 words
-
Article114 1977-09-24 1 Rises Most active BtSemb 2 18 Petaling 6 25 Supreme Corp 1 .S3 Timurmn 1.63 Tan Chong 188 G Ceramic* 1.95 DufTDev 1.30 BRaya 1.21 Lien Hoe 1.88 Rahman Hy 3.86 S Dredge 4 86 SM lad 1.40 Olympia 1.52 Foils Shell 195 8 Land 1.40 Magnum114 words
-
-
Article742 1977-09-24 1 JOHN TAN - MALES, FEMALES EQUALLY CHOOSY By JOHN TAN WOMEN are much more aggressive than men when It comes to job hunting. This was revealed by a Ministry of Labour survey published recently. While nearly half the unemployed males in Singapore depends on contacts friends or relatives742 words
-
Article173 1977-09-24 1 Reuter BRUSSELS, Fri. Unemployment in the nine Common Market countries rose to 5.8 million at the end of August, an increase of 100,000 over July and 14 per cent more than in August last year, according to EEC statistics issued here. About 5.5 per centReuter - 173 words
-
Article121 1977-09-24 1 THE Association of Natural Robber Producing Countries (ANRPC) said It postponed Indefinitely the first meeting of its international natural rubber council, which it said last month would be held from Oct 3 to 5. An ANRPC official said Malaysia, as host country, had not yet informed121 words
-
856 1977-09-24 1 A PROMINENT local accountant has come to the defence of small accounting firms and the role they play In the provision of accounting services. Mr. Chan Kum Chee, writing In the latest edition of the Singapore Accountant, comes out against the widely held view856 words
-
Article512 1977-09-24 1 Reuter WIESBADEN, Frl. West Germany's gross national product In real terms rose 3 per cent In the first half of 1977, compared with the same year ago period, the Federal Statistics Office said. This growth rate is slower than the 5.3 per centReuter - 512 words
-
163 1977-09-24 1 KUALA LUMPUR, Fri. Bangladesh Shipping Corporation, a Dacca-baaed state shipping concern, has bought the vessel, Eastern Sue* n, from the Moacow arodny Bank in Singapore, which took over the ship from Great Malaysia Lines when it stopped trading in April. This was confirmed by163 words
-
Article107 1977-09-24 1 PRIME Minister Lee Kuan Yew yesterday described the standard of driving in Singapore as shocking and noted that the current Road Safety -Campaign is the beginning of a long process of re-educating motorists. Mr. Lee was speaking at the opening of the Road Safety Exhibition at the107 words
-
666 1977-09-24 1 SINGAPORE is the third largest market for China's products and a major entrepot trade centre for Chinese goods. This was stated last night by the Senior Minister of State for Finance, Mr. Ooh Chok Tong, who spoke of Singapore's "Important place In666 words
-
Page 1 Advertisements
-
Advertisement32 1977-09-24 1 /!\~?@({+";],!"$*,;.)(^@`>@+|}\ INSIDE Market Review*/ TV Radio Oversea* Newt/ Crossword Solutions Local Co. News International Co. News Local Stocks —F2 Overseas Stocks Commodities Transport A —P3 Communications —P4 Features Local 6 Overseas —P5 News32 words
-
Advertisement40 1977-09-24 1 SIX-MEN SKID MOUNTED BUNK HOUSES NOW AVAILABLE EX-STOCK ALSO FULLY FURNISHED TWO BEDROOM UNIT INCLUDING BATHROOM, ETC. BEAUTIFULLY FINISHED. INTERFAB PRIVATE LTD A •t i I H i I• 24 Jurong Port Rocid I ur- >nq Singapore 22 Tel *****8840 words
-
Advertisement106 1977-09-24 1 +~_?,=_(%_"}:]~!%@:$-'^>%\!}
-
MARKET REVIEWS
-
666 1977-09-24 2 IVAN FALLON - LONDON By IVAN FALLON AFTER the euphoria of last week, with the Financial Times index at a new alltime peak, this week it has been all anti-climax. The break through the old high triggered a bout of selling and profit taking from Investors, mostly666 words
-
Article241 1977-09-24 2 The City never liked Sir Eric Miller, the property tycoon at the centre of a fraud squad Investigation. A friend of former Prime Minister Sir Harold Wilson, he was the chairman of Peachey Properties, but was kicked out after some new directors took a closer look at the241 words
-
Article251 1977-09-24 2 PLANTATION Holdings produced a double surprise for the market this week. First of all there was an impressive Increase In UK profits with the consumer and video business turning round much more rapidly than expected. Secondly and this fairly caught the market on the hop PH is paying251 words
-
Article172 1977-09-24 2 THE worst performing sector in the London market in the past two years has been the once great mining finance houses RTZ, Consolidated Gold Fields, Selection Trust and Charter Consolidated, the ble four of the business, are flat on their backs, half their relative level of five years172 words
-
708 1977-09-24 2 SINGAPORE SHARES were generally traded Into minus territory under stale-bull liquidation and stop-loss selling on the Stock Exchange of Singapore this week. In most sectors of the market the easier trend persisted throughout the week and losses In some cases were fairly708 words
-
Article274 1977-09-24 2 Reuter LONDON, Fri. Controversial millionaire Eric Miller, who shot himself dead while under investigation for financial Irregularities, was also being considered for prosecution on more serious criminal charges, police revealed today. Sir Eric, 50, a friend and benefactor of former Labour Prime MinisterReuter - 274 words
-
132 1977-09-24 2 Reuter LONDON, Fri. British building societies will cut their mortgage lending rate to 9.5 from 10.5 per cent. Immediately for new borrowers and from Oct 1 for existing mortgages, the Building Societies Association announced. From Nov 1, the building societies, the major source of financeReuter - 132 words
-
419 1977-09-24 2 Arthur Ng - kw Arthur Ng SCRIP ISSUE New Serendah Rubber: one-for-one, capitalising M 56,148,048. OTHERS Nanyang Press S'pore (1975) has made a public offer of 4.98 million $1 share or 97 per cent of its existing paid-up capital of $5.14 million at five cent419 words
-
429 1977-09-24 2 KUALA LUMPUR AS IN the past few weeks, the Kuala Lumpur Stock Exchange continued to rule easier In dull trading this week. There was an absence of speculative or Investment activity In the first four days and selling on stoploss and stale bull liquidation429 words
-
-
Page 2 Advertisements
-
Advertisement230 1977-09-24 2 rr rr. 5* V; W />. M r// f» A v* xTf A h f <•** Sr>AN S Y*3# Out! The September issue is here. The issue with the bright new look. was introduced to the public in October 1972. In the same month, MAS, took off on its own.230 words
-
-
Page 2 Miscellaneous
-
Miscellaneous38 1977-09-24 2 Fiank DickenS I TIG Gordon bluc P» UCRO N/OO IT S ft&OuT THe STrTG or rue menu cnoos th€>/ krc So STP.INCD IJ IS DISGUST^ Nfooe p-VOST HFVRDefieD Cosromefis Pißt Uf*/e P> ftriTiCN sie>Nei? ey piu. wcxjr RCGULP^S38 words
-
Miscellaneous52 1977-09-24 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Sept. 23 at Singapore airport. Maximum Temperature 32.4* C Associated Humidity CO Minimum Temperature 24.0° C Associated Humidity 99 Hours of Sunshine 7.10 RainfoU in Millimetres Trace Total Rainfall for the Month 142.3 Total Rainy Day* for the52 words
-
Miscellaneous264 1977-09-24 2 SINGAPORE 12.50 PM Opening announcements Rome 0 Starring: Brett Halsey, Claudia Mori, Francoise Fabian. 1.55 Saturday Matinee Burning Of Rome 3.25 World Cup Soccer Malaysia vs Thailand (English Repeat) 4.55 Pre-Examination Programme (Malay) 5.40 Sara The Mountain Man 6.30 News in Brief 6.35 Pink Panther 6.50 Barenboim on Beethoven The264 words
-
-
OVERSEAS
-
960 1977-09-24 3 'GLOBAL ECONOMY STILL SHAKY' Reuter BRIDGETOWN (Barbados) Fri. British Chancellor of the Exchequer Denis Healey sounded what conference sources referred to as "a gloomy note" in his speech to the plenary session of the annual Commonwealth Finance Ministers Conference in Barbados. Mr.Reuter - 960 words
-
205 1977-09-24 3 AP MADRID. Fri. Madrid went without Its morning newspapers today as employees struck to protest right-wing violence against the press and two newspapers elsewhere In Spain reported bomb threats. The Madrid strike by five morning newspapers followed a 24-hour walkout In Barcelona. Spain's secondAP - 205 words
-
Article121 1977-09-24 3 Reuter LONDON, Frl. UK car production of 76,889 units In August is 19 per cent above the August 1976 level giving a first eight months total of 817,014 or five per cent lower than the corresponding period last year, the Department of Industry said. July 1977Reuter - 121 words
-
283 1977-09-24 3 AP WASHINGTON, Frl. The United States' share of world exports of manufactures, excluding shipments to this country, declined sharply in the first quarter of 1977, the United States Department of Commerce said yesterday. This was in contrast to the small increase in the finalAP - 283 words
-
310 1977-09-24 3 AP LONG BEACH, Frl. The highest ranking trade delegation yet to visit the United States from China toured a McDonnell Douglas aircraft plant yesterday and heard sales talks from a dozen southern California firms. The group of 14 men and one woman bustled throughAP - 310 words
-
309 1977-09-24 3 UPI ROME. Fri. British Prime Minister James Callaghan said yesterday the growth in trade industrial nations will not meet expected goals this year and the economically stronger countries should do more to stimulate their economies. Mr. Callaghan made the assessment after two hoursUPI - 309 words
-
186 1977-09-24 3 Reuter ROME, Frl. Italy had a provisionally estimated 1.18 trillion lire (552.76 billion) surplus on Its overall balance of payments In August, the Bank of Italy said. This compared with a Erovislonal surplus of 935 illlon lire in July and a surplus of 288 billionReuter - 186 words
-
469 1977-09-24 3 AP ISTANBUL, Fri. As uncertainty mounts over the long-term availability of fossil fuels, there Is vast potential In wind power as a supplementary souree of energy, panelists at an energy conference suggest. Generation of energy from natural winds was discussed as partAP - 469 words
-
267 1977-09-24 3 Reuter BRUSSELS, Fri. The United States and the European Common Market yesterday reached tentative accord on a formula to get stalled negotiations on worldwide tariff cuts underway. The agreement was worked out by President Carter's special trade representative Robert Strauss and leading members ofReuter - 267 words
-
Article50 1977-09-24 3 OTTAWA, Fri. Canada's seasonally adjusted Index of real domestic product fell 0.2 per cent In July, Statistics Canada said. The Index was at 127.2 In July compared with 127.5 the previous month and 123.2 a year ago (base 1971). The prior month figure was revised upward from 127.2.50 words
-
Article453 1977-09-24 3 Reuter NEW YORK, Fri. The Federal Reserve will gradually tighten monetary policy further In view of the continuing surge In money supply growth, economists and money market analysts here said. Indeed, the Fed apparently already began yesterday to drive the key federal funds rate higherReuter - 453 words
-
286 1977-09-24 3 AP Reuter WASHINGTON, Frl. President Jimmy Carter's commitment to balancing the United States Budget by 1981 must be considered as only one target of his Administration's economic programme, US Treasury Secretary Michael Blumenthal said yesterday. "We can't go to a balanced budget comeAP; Reuter - 286 words
-
-
Page 3 Advertisements
-
Advertisement97 1977-09-24 3 Copy large size originals on one sheet, size for size—no trimming, no sticking together. Q 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.97 words
-
-
Page 3 Miscellaneous
-
Miscellaneous188 1977-09-24 3 CROSSWORDS Easy Solution ACROSS. 4, Hungry, 7, Oratorio. 8. Upshot. 10, Brisk 13, Prey. 14, Soda. 15, Rain. 18, Pig. 17, Blur. 19. Care. 21, Brutality. 23, Keen. 24, Dolt. 28 Vie. 27. Grew. 29, Idea. 32, Lees. 33, Scamp. 34, Nlmads. 35, Teetotal. 36. Joists. DOWN. 1, Tombs. 2,188 words
-
-
COMPANY NEWS
-
Article451 1977-09-24 4 KUALA LUMPUR, Frl. The Havys Oil Mill Sdn. Bhd. the Mss million success story of a band of ordinary wage earners who went Into business after losing their jobs In the midsixties as a result of a political decision In another country was officially451 words
-
187 1977-09-24 4 KUALA LUMPUR, Fri. The Bumiputra Chamber of Mine has floated Its second mining company to go into joint-venture with the Perak State Development Corporation. Known as Syarikat Maju Penawat. it will be launched by the Mentri Besar, Tan Sri Haji Ghazali Jawi, at187 words
-
Article472 1977-09-24 4 Current Ex Date Total for 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 30472 words
-
687 1977-09-24 4 DESPITE a slowdown In profit growth, Malayan Breweries is raising Its final dividend for the year ended June 30, 1877. Group pre-tax profit turned In for the year under review came to $25.91 million, an Increase of only 11.3 per cent from last time. This687 words
-
397 1977-09-24 4 THE current year ending Dec 31, 1977 is likely to rank as another difficult year Its third In a row for Leong Huat Industries. For the first six months, the group operated In the red and, Judging by Its Interim report, It continues397 words
-
369 1977-09-24 4 RALEIGH Cycles (Malaysia) hit another bad patch in the six months to June 30, 1977 when It moved Into the red with an unaudited loss of M 5148.000 compared with a pre-tax profit of $318,000 in the corresponding period of 1976. Foreign competition bordering369 words
-
Article76 1977-09-24 4 B.R.C. WELDMESH (SEA) Singapore has appointed Mr. Zig Burak to head Its sales team. Mr. Burak was previously responsible for exports of the company's products. Mr. H. R. Hochatadt has resigned as director of Acma Electrical Industries. The following were elected to the council of The Insurance76 words
-
Article1285 1977-09-24 4 TRADING on the Chicago Board Options Exchange came to 50,172 contracts on Thursday, compared with 102,009 contracts on Wednesday. c OPTION >n Sc OCT ;pt 22 JAN > 1 APL STOCK Alcoa «a 9/S 11/1 ll/l 491/1 AlCO* so 1/10 7/16 11/8 451/1 Alcoa 60 UNTRD UNTRD1,285 words
-
LATEST RESULTS
-
Article55 1977-09-24 4 Unaudited group pre-tax profit $16.58 million ($13.66 million) for the first half-year ended June 30, 1977. Turnover $431 million ($383 million). Profit comprises trading profit of $8.24 million ($7.48 million). Property Income of $1.35 million ($1.44 million) and investment income of $6.99 million ($4.74 million). Interim55 words
-
Article66 1977-09-24 4 National Iron and Steel Audited group pre-tax profit $6.11 million ($5.39 million) for the first six months ended June 30,1977. Turnover $66.35 million ($63.61 million). Production 133.000 tonnes (same). Company pre-tax profit $6.23 million ($4.84 million) on turnover of $62.71 million ($59.82 million). Production 116,000 tonnes (117,000 tonnes). Interim dividend66 words
-
Article23 1977-09-24 4 United Engineers Unaudited group pre-tax profit $3.19 million ($3.25 million) for the first halfyear ended June 30, 1977. Turnover $27.59 million ($27.74 million).23 words
-
Article37 1977-09-24 4 Unaudited group pre-tax profit $506,219 ($1.09 million) for the first six months ended June 30,1977. Turnover $9.55 million ($9.48 million). Parent company pre-tax profit $302,220 ($1.03 million) on sales of $8.70 million ($9.06 million).37 words
-
Article47 1977-09-24 4 Audited group pre-tax profit $5.31 million ($4.89 million) for the year ended June 30. 1977. Tax $2.13 million ($1.97 million), leaving net profit at $3.18 million ($2.91 million). Parent company pre-tax profit $5.27 million ($4.89 million). First and final dividend 12 per cent (same).47 words
-
-
COMPANY MEETINGS
-
Article28 1977-09-24 4 THE following company meetings are due: Sept 26 at 10.00 a.m. at Tlngkat Kedua, Block E. Kompleks Pejabat Da mansara. Damansara Heights, Kuala Lumpur.28 words
-
Article18 1977-09-24 4 Sept 29 at 10 a.m. at Ban Hln Lee Bank Chambers, Ist floor, Beach Street, Penang.18 words
-
Article19 1977-09-24 4 Sept 29 at 10.30 a.m. at Ban Hln Lee Bank Chambers, Ist floor. Beach Street, Penancr.19 words
-
18 1977-09-24 4 Sept 29 at 11.00 a.m. at Ban Hln Lee Bank Chambers, Beach Street, Penang.18 words
-
Article24 1977-09-24 4 Sept 29 at 11.00 a.m. at The Negara Room, 2nd floor, lower lobby, Kuala Lumpur Hilton, Jalan Sultan Ismail. Kuala Lumpur.24 words
-
-
429 1977-09-24 4 SIME DARBY Holdings has assured the Kuala Lumpur Stock Exchange that despite the wide disparity In the prices It sold 5.25 million of its Consolidated Plantations warrants on two separate occasions, they constituted the effective market prlcesonthose days. Sime sold one lot of429 words
-
Article311 1977-09-24 4 OPERATING profit at Khong Guan Holdings Malaysia, the biscuit manufacturing and investment concern continued to slide in the first half of 1977 following the slight setback suffered last year. At the same time, there was a sharp fall In investment income and the net result is a311 words
-
606 1977-09-24 4 NYT NEW YORK, Frl. Senator William Proxmlre urged Governor Hugh Carey yesterday to summon a special session of the state legislature to enact whatever legislation is necessary to enable New York City to re-enter the public credit market before theNYT - 606 words
-
Article161 1977-09-24 4 Reuter LONDON, Frl. A scheme of arrangement for the conversion of the publiclyowned ordinary shares in Cavenham Ltd into fixed Interest preference shares was sanctioned by a High Court Judge, but he expressed "personal misgivings" about the absence of a cash alternative for shareholders. Justice BrlghtmanReuter - 161 words
-
-
Page 4 Advertisements
-
Advertisement153 1977-09-24 4 GAMBLERS HANDBOOK f#£ r<4 Pi UOO p W i* 7< 1/1 60 w u 16/. by E. Lenox Figgis F.C.A. A practical handbook explaining how batting takat place on the world's most popular betting pastimes, including horses, dogs, football pools, sporting events, casino games, such as craps, roulette, etc., sweepstakes,153 words
-
-
INTERNATIONAL COMPANY NEWS
-
305 1977-09-24 5 UK COMPANIES Reuter VICKERS LIFTED both earnings and sales by about 14 per cent In the first half of this year. Pre-tax profit advanced to £16.58 million on sales of £231.12 million from £14.59 million on sales of £202.81 million in the 1976 half.Reuter - 305 words
-
125 1977-09-24 5 Reuter PRE-TAX profit at Plantation Holdings Jumped 108 per cent from £1.21 million to £2.52 million for the first half-year ended June 3A, 1977. Group net profit attributable to shareholders was £1.3 million, up from £627.000 last time. This constitutes earnings of 3.2p per share,Reuter - 125 words
-
Briefly
-
Article56 1977-09-24 5 Reuter FRANKFURT. Frl. The state-owned Ban que Nationale Exterleure D'Algerle is planning a 100 million mark six-year Eurobond managed by DG Bank, primary bond market sources said. Details of the coupon are still unknown but other sources said market condi- tions Indicate an interest rate of 7 1/4Reuter - 56 words
-
Article64 1977-09-24 5 Reuter LONDON. Fri. The Rumanian Foreign Trade Bank is seeking US$53 million from the Euromarket though terms and conditions have not yet been fixed as a mandate has not been awarded, Informed banking sources here said. The purpose of the credit is in connection with Romania's plannedReuter - 64 words
-
Article31 1977-09-24 5 Reuter FRANKFURT Frl. Brazil's state oil company Petrobras plans to raise a 150 million mark seven-year Eurobond, probably with a seven per cent coupon, primary bond market sources said. ReuterReuter - 31 words
-
-
Article246 1977-09-24 5 Reuter DESPITE a 20 per cent rise in sales, Dunlop Holdings could only manage to lift pre-tax profit by a marginal four per cent from £30.3 million to £31.6 million In the first half of this year. Sales jumped from £591 million to £707 million. TheReuter - 246 words
-
128 1977-09-24 5 BUOYED by a 29 per cent increase In Its Interim earnings, C.T. Bowrlng said Its directors expect 1977 will be another record year. But the Increase In profit for the year as a whole is unlikely to be at the same rate as In the128 words
-
Article92 1977-09-24 5 DELTA Metal made a pretax profit of £18.67 million on sales of £252.53 million in the first half-year ended July 2, 1977 compared with £14.6 million on sales of £195.77 million previously. This represents earnings of 4.4p per share, up from 2.6p last time. The company92 words
-
Article72 1977-09-24 5 PREMIUMS for the six months ended June 30, 1977 at Prudential Assurance rose to £183.5 million compared with £158.1 million previously. It made a pre-tax underwriting profit of £2.3 million against a loss of £900,000. Pre-tax Investment income increased from £13.9 million to £15.8 million. Prudential72 words
-
294 1977-09-24 5 ASIAN COMPANIES Reuter HONGKONG, Frl. Chase Manhattan Bank's branch In Hongkong will make a five-year HK$75 million floating certificate of deposit (CD) Issue with an Initial Interest rate of 5.25 per cent, Chase Manhattan Asia and Jardlne Fleming said. They added the interestReuter - 294 words
-
328 1977-09-24 5 Reuter SYDNEY. Fri. With a revenue Increase of 35 per cent, Thomas Nationwide Transport said audited consolidated net operating profit rose 25.6 per cent from A 513.25 million to $16.64 million for the year ended June 30, 1977. Revenue Increased from $341.66 millionReuter - 328 words
-
1504 1977-09-24 5 John Edwards - By John Edwards FT NEW YORK: It Is an incredible sight to see the US commodity futures markets in action. Complete bedlam appears to reign, with the "pit" brokers shouting, pushing and shoving in their frantic efforts to buy or sell. The story eoesFT - 1,504 words
-
Article42 1977-09-24 5 TOKYO, Fri. Japan's preliminary seasonallyadjusted Index of department store sales fell 2.4 per cent In August to 260.0 (base 1970) from 266.3 in July, which was up 5.5 per cent from June, the Ministry of International Trade and Industry said.42 words
-
115 1977-09-24 5 Reuter BRISBANE, Frl. Castlemalne Perkins said It will make a one-for-five scrip issue of shares out of a surplus arising from a revaluation of assets. It will recommend the issue to shareholders at its annual meeting for the year ended July 31, 1977 to be heldReuter - 115 words
-
Article90 1977-09-24 5 SYDNEY. Fri. Kathleen Investments (Australia) suffered an unaudited consolidated operating loss of A 5847,000 for the first halfyear ended June 30, 1977 compared with a profit of $321,000 previously. Revenue amounted to $4.39 million, down from $5.73 million last time. The company attributed the loss to90 words
-
225 1977-09-24 5 Reuter JOHANNESBURG. Frl. Anglo American Corp of South Africa reported that pre-tax profit for the first six months ended June 30. 1977 amounted to 92.07 million rand compared with 44.21 million rand previously However, the company said the results are not comparable following itsReuter - 225 words
-
Article81 1977-09-24 5 Reuter TURIN, Frl. Fiat SPA said satisfactory business conditions In the first six months continued in the third quarter and the outlook is for positive profits for 1977. A communique issued after a board meeting gave no figures, but said 1977 results would allow the firm toReuter - 81 words
-
Article112 1977-09-24 5 Reuter VIENNA, Fri. The shorter, six-year tranche of the eight per cent bond issue to be floated soon by Credit Suisse has been priced at 98.75 per cent, the bank said. The 15-year tranche of the issue, which Is for a total of 750 million schillings andReuter - 112 words
-
-
Page 5 Advertisements
-
Advertisement341 1977-09-24 5 from FEDERAL PUBLICATIONS LIM MAN YAM 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 the most341 words
-
-
Article2363 1977-09-24 6 Gr Gr'« Net 1977 Last div Div y'ld P/E Vol Day High Low Company Sale +or- c'vr C000) High Low SECTION ONE INDUSTRIALS 154 136 Acma 140 unch 12 ON 1.8 8.5 6.5 2 140 139 204 172 Alcom 172 10.0 0.5 5.8 27.7 116 58 Allied2,363 words
-
Article1334 1977-09-24 6 BID and offer price* officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown brackets In lots of 1 000 units unless otherwise specified All Time Settlement Contracts are Ol after the word "Sett Big deals1,334 words
-
Article1579 1977-09-24 6 BID and offei priors officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares lladed shown In brackets In lots of 1 .000 units unless otherwise specified INDUSTRIALS Apnomoto (2.058 2.128). Alc.n |1 658 1.808). Alii. Held <01,579 words
-
Article77 1977-09-24 6 STRIKING prices of the slock options officially listed on tfce 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) (0.255). (Sept. 53.60) (0.80S). (Dec. *3.60) (0.205). Inchcape (Sept. 52.40) (0.095). (Dec.77 words
-
Article158 1977-09-24 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers' price* for Sep! 2«1 (Current price*! The Commerce 1.73 1.83 INCOME BOND 1.07 1 13 The Saving Fund 1.03 109 S'pore Prog Fund 0.82 0 87dx MARA BUMIPUTRA FUND S pore Security I Manager*' price* for Sept 2«) Fund 154 163158 words
-
Article169 1977-09-24 6 B O T 8 1/2% 1981 (100,000) (103',8 103*S) B O T 7 5/8% 1984 (100,000) (998 99 *8) LTCB J 1982 (100.000)(98'»B 99SS) Credit Lyonnais Floating 1983 (100,000) (98'|B 98*S) DBS Converts 6 1/2% 1991 (100,000) (97V«8 98S) D B S 8 1/2% 1982 (100,000) (101*B 102*S)169 words
-
Article112 1977-09-24 6 Rep Spore D Mark 7% 1982 (100.000) (1018 101 ".S) Rep Spore 6 1/2% 1983 (100.000) (99%8 Rep Spore 7 3/4% 1987 (100,000) (100 SB 100 7 /»S) 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) 5% T F 15/10/81112 words
-
Page 6 Advertisements
-
Advertisement176 1977-09-24 6 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who176 words
-
-
Article, Illustration665 1977-09-24 7 LISTLESS trading with a barely steady undertone prevailed on the Stock Exchange of Singapore yesterday. For moat of the recent high flyers, it was another depressing day characterised by the withdrawal of bids with each successive deal. On balance, the market finished on an easier note with ready665 words
-
Article363 1977-09-24 7 COVERING Interest and return of some speculative dealings to a few volatile counters enabled the Kuala Lumpur Stock Exchange to close the week on a steady note for the first time in days. Most of the support recorded emerged in the afternoon session when shares were lifted363 words
-
INTERNATIONAL STOCK MARKETS
-
Article358 1977-09-24 7 HONGKONG: The market closed slightly easier in quiet featureless trading on Friday, dealers said. The Hang Seng Index dropped 1.26 points to close at 418.17. Hongkong Bank feel HK 10 cents to $17.80, Wheciock 2.5 to $2.48 and Swire Pacific five to $6.20 ex-dlvldend while Hongkong Land, Hutchison and358 words
-
Article13 1977-09-24 7 THE Tokyo market was closed on Friday because of Autumnal Equinox Day.13 words
-
Article432 1977-09-24 7 SYDNEY: The market was generally firmer on Friday, dealers said. The Sydney All-Ordlnarles roseO.sl point to close at 438.93 Among industrials. TNT fell a 13 cents on disappointment at* Its results, but BHP rose two to A $5.42. Banks continued easier, with The Wales losing two to $5.14 and432 words
-
Article151 1977-09-24 7 MANILA: The market closed lower on Friday, with selling pressure bringing across-the-board declines In all sectors, dealers said. Turnover slipped to 14.86 million pesos from Thursday's 17.06 million. Philex and Marinduque posted minimal losses. Most oils declined fractionally but Phil Overseas lost two points. SEPT 23 Pesos Acoje Mining151 words
-
Article102 1977-09-24 7 SEPT 23 Bahts Asia Fibre 177 -1 Bangkok Bank 381 unch Bangkok Invest 264 +2 Bangkok-Metro-politan Bank Bata 69 5 unch BerllJucker 434 unch Charoong Thai Wire 180 Dutnex Duslt Thanl Faber Merlin First Trust 175 Genera Finance 243 -2 Indo-Thal Industrial Finance Corp 1295 J And J Ho102 words
-
Article302 1977-09-24 7 AMSTERDAM: The market fell on Thursday, after the sharp decline of Wall Street overnight and Royal Dutch led Dutch Internationals 1.50 guilders lower. Elsewhere, banks and Insurances fell although NMB and Ennia both rose. Trading and Industrial stocks were both lower. Shippings rose strongly against the trend. Holland Amerika302 words
-
Article167 1977-09-24 7 BRUSSELS: Shares were generally lower on Thursday, In the wake of Wall Street's easier trend, market sources said. Clabecq however, rose. FN. the terms of whose 600 million franc convertible loan were set on Thursday, followed the general lower trend. German, Dutch, US and UK shares were all lower,167 words
-
Article331 1977-09-24 7 FRANKFURT: Shares fell partly on Thursday, as a result of Wall Street's weakness, although a slight recovery set In nearer the close, dealers said Among heavier losers were Varta, down six marks, and Karstadt, which dropped 6.80 Major chemicals closed above the day's low. In otherwise little changed autos.331 words
-
Article144 1977-09-24 7 MILAN: Stocks were broadly lower In thin trading on Thursday. discouraged by Wednesday's news of a sharp drop in industrial output in July, bourse sources said. Snia Vifcoaa was sharply lower, as were Finaider, lulaider, Anic and Monlefibre. Asaicurazioni Generali, Baatogi, Fiat, Montedison, both Olivetti* and Pirelli Spa also144 words
-
Article351 1977-09-24 7 PARIS: The market was firmer on Thursday, on unconfirmed reports retail price Inflation slowed in August and on continued tension within the Socialist-Communist alliance dealers said Banks, electrlcals and chemicals made the biggest gains. Investment portfolios were the only sector to weaken, with Financiere Union EuroCnne and Schnedier among351 words
-
Article287 1977-09-24 7 ZURICH: The market closed lower on Thursday, Influenced partly by the sharp decline of Wall Street and weaker dollar Losses however, were generally small. The Credit Suisse Index dropped 0.7 points to close at 239 4 Major banks eased Among flnanclals. Bally bearer and Mikron gained while Interfood 'B',287 words
-
Article382 1977-09-24 7 JOHANNESBURG: Gold shares firmed In late afternoon trading on Thursday, following a mixed trend around mld-sesslon. dealers said. Bullion Indications and overseas Interest pushed prices higher after a general lack of Interest Financial minings were quiet and selectively higher In line with producers. De Beers rose five cents to382 words
-
Article342 1977-09-24 7 TORONTO: The market closed lower in moderate trading on' Thursday, with the composite index down more than three points and declines leading advances 205 to 159. Metals were among the weakest groups, with Texai Gulf off 3/4 to 22 1/4, Inco A 5/8 to 21 1/2 and Falconbridge A342 words
-
Article1231 1977-09-24 7 NEW YORK The stock market closed mostly lower on Thursday. under the weight of money supply worries but trading activity was sluggish, reflecting observance of the Yom Klppor holiday. There was concern throughout the session that money supply figures, due after the close, would show another increase and1,231 words
-
Article65 1977-09-24 7 FINANCIAL TIMES INDUSTRIALS Thursday 505.5 Wednesday 520.0 Week Ago 544.9 DOW JONES AVERAGE INDUSTRIALS Thursday 839.14 Wednesday 840 96 Week Ago 860 78 LONDON DOLLAR PREMIUM Thursday. 90H to 90 7 Wednesday 90'> to 91 H.K. HANG SENG Thursday 419.43 Wednesday 420.93 Week Ago 427.49 SYDNEY INDUSTRIALS Thursday 371.8565 words
-
Article189 1977-09-24 7 Reuter LONDON, Frl. Fruehauf Corp said it is renewing its offer to acquire 66.7 per cent of the issued share capital of Crane Fruehauf that it does not already own on terms of 61 p in cash for each ordinary share of Crane. Since theReuter - 189 words
-
Article73 1977-09-24 7 Reuter FRANKFURT. Fri. Banque Exterieure D'Algerie is negotiating to raise a 100 million mark six-year Eurobond. probably at 7 1/2 per tent, lead manager DG Bank confirmed. Redemption will be in three stages, two totalling 33 million and 0ne,34 million marks, in the years 1981-83, reducing theReuter - 73 words
-
-
Page 7 Advertisements
-
Advertisement539 1977-09-24 7 BUSINESS TIMES Airline Directory Aeroflot Soviet Airlines 110-112 Show Centre, Orchard Rood, Singapore 9 (Tel: 377.111) Air Ceylon 302-B, 3rd Floor, Marino House Shenton Way, Singapore (1) (Tel: *****88) Ground. Floor, ICB Building, Shenton Way Singapore 1 (Tel: *****11) Air India 16»h Floor, UIC Building, Shenton Way, Singapore 1 (Tel:539 words
-
-
COMMODITY REPORTS AND PRICES
-
Article476 1977-09-24 8 OPENING quotations on the Singapore rubber market yesterday were marked up 3.25 cents following the easier close here and higher London advices. The market then held steady on weekend covering demand, speculative buying and some forward interest before profit-taking trimmed the rise slightly towards the476 words
-
Article337 1977-09-24 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 215.00 216 OON 214.00 215.00 Int 1 R.S.S October 216 25 216.75 215.25 215.50 Int 1 R.S.S November 218 25 218.75 217.25 217.75 Int. 2 R.S.S. 212.25337 words
-
Article116 1977-09-24 8 NOON SSR and SMR prices yesterday R.A.9. October November ICurmlMU) (Forward Mth) Buyer* Seller! Buyer* Seller* W S i s E (cent* perkg) SSR 20 (1-ton pallet) 207 50 206 50N 208.50 210 50N SSR 50 (1-ton pallet) 205 00 207 OON 206.00 208 00N MRELB SMR116 words
-
Article30 1977-09-24 8 Rubber: Sept 23 Singapore: October 215.25 cents (up 2.50 cents) Malaysia: October 216.25 cents (up 2.25 cents) Tin: 51,715 (up 14) Official offering: 285 tonnes (up 15 tonnes).30 words
-
Article302 1977-09-24 8 HONGKONG, Fri. The cotton futures market closed easier In moderately active trading, ahead of the postponed US domestic cotton consumption report, dealers said. Losses ranged from 0.12 to 0.75 US cents on trade house selling throughout the session, but speculators short-covering and broker scale-down buying restricted the losses,302 words
-
Article494 1977-09-24 8 FRESH foreign buying Interest brought some life to the Singapore produce market yesterday. Prices for most of the commodities held from steady to firm. Sales were also clinched at higher levels, though volume remained relatively small. This was partly due to local stocks being quickly drawn down or494 words
-
Article194 1977-09-24 8 LONDON, Fri. Coffee opened unchanged to t'22 higher on turnover of 195 lots. The official tone was "hesitant". Some initial selling developed following weakness in New York which depressed prices. However, some short profittaking combined with trade house buying lifted futures above previous closing levels. Coffee finished a quiet194 words
-
Article70 1977-09-24 8 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Sept 22 until further notice: Rubber: 97 7/8 cents a nnund Copra: 1768 00 a ton Palm Kernel: $235 25 a ton. The rates of duties payable are Rubber: 13 3/8 cents a pound (Total70 words
-
Article66 1977-09-24 8 C.I F Rotterdam. US dollars per ton. LONDON. Thursday Pnvioiu Malaysia 5% f fa bulk Nov 458 sir 438 air Sumatra 5% ffa Sept 520 sir 520 sir Oct 485 pd 442/485 pd Nov 462 50 pd 445 pd December 435/437.50 pd 435/437.50 pd January 437.50 pd 437.5066 words
-
Article169 1977-09-24 8 LONDON, Fri. Terminal cocoa opened £3 down to £10 up. Sales totalled 124 lots. At the end of the morning values were £105 higher In near September while the rest of the board was £15 to £37 up. Turnover totalled 1,559 lots. The bullish sentiment spilled over into other169 words
-
Article221 1977-09-24 8 THE STRAITS tin price In Penang yesterday was up MS4 to $1,715 per plcul on an official offering up 15 tonnes to 285 tonnes. The firmness reflected continued strong consumer demand, particularly from US and Japan, while steadier conditions in London also helped sentiment. dealers said. In LONDON221 words
-
Article242 1977-09-24 8 LONDON, Fri. Terminal sugar opened £1.40 to £0.25 per tonne below yesterday afternoon closing levels Sales totalled 478 lots. Market sources said prices initially extended last night's kerb losses which they felt reflected current plentiful supplies. Also, weighing on the nearer positions is the possibility of a record quantity242 words
-
Article197 1977-09-24 8 BANGKOK. Fri. Indicative prices quoted here yesterday were: (Prices in US dollars per tonne, fob basis. Bangkok) While Rice: 100 pet Ist class 306. 100 pet 2nd 292 100 pet 3rd 288. 5 pet 277. 10 pet 260. 15 pet 257. 20 pet 254. 25 pet 245. 35 pet197 words
-
Article86 1977-09-24 8 CHICAGO, Fri. Soybean meal futures yesterday ended the session sharply lower, posting losses of $6.60 to $4.80 a ton. Oil futures finished 0.12 cent a pound lower to 0.10 cent higher. Both markets showed early weakness with soybean futures but large-scale commercial buying In oil eventually led to heavy86 words
-
Article82 1977-09-24 8 CHICAGO, Fri. Wheat futures yesterday closed at the day's lows, ending the session with losses of 5-1/2 to 3-3/4 cents a bushel. Traders noted that Wednesday's sharp rise may have been an overreactlon and that export sales activity has levelled off. Sellers later were en- couraged by initial weakness82 words
-
334 1977-09-24 8 THE WEEK saw uncertain and see-saw conditions in fair turnover with prices finishing one cent down on balance, said Holiday, Cutler, Bath A Co In its weekly rubber report. A decline after the Hari Raya holiday was Initiated by lower advices from London which set off334 words
-
Article395 1977-09-24 8 LONDON, Frl. Copper wire bars finished the morning with losses of mostly £11. Profittaklng and hedge selling developed following the recent rise and Three Months traded down to I*7lo where some stoploss orders were touched off and subsequently pushed the position down to 1706 in late ring dealings. The395 words
-
Article176 1977-09-24 8 LONDON, Fri. Silver closed the morning 0.3 pence "up to unchanged after trading within a narrow range. Steady gold and the bullion fix gave underpinning support. Three Months traded at 267.7 pence per troy ounce after sales of only 48 lots. On Thursday, silver closed unchanged to 0.1 pence176 words
-
Article346 1977-09-24 8 ON THE Singapore gold market yesterday, the kilobar opened at SSI 1 963. Prices fluctuated in a narrow range of 5515.00 and closed at the same level. Trading was active. In London, the metal opened at U*****.15/ 35 and closed at U*****.25/ 45. The London morning fix was U*****.40,346 words
-
Article117 1977-09-24 8 LONDON, Fri. Lead eased by £3.25 for cash and £4 for Three Months. Values declined under profit-taking on the premarket, where Three Months traded down to £343. But shortcoverlng soon emerged and lifted the position to £349. In the ring, dealings were mostly around the £346 for Three Months117 words
-
Article90 1977-09-24 8 LONDON, Fri. zinc declined by £3.25 all round this morning after moving lower In sympathy with the general trend. There was no undue pressure from sellers who were mostly concerned with hedging operations. Three Months traded down to L'3ol before shortcovering cushioned the fall. Sale were 1.700 tonnes. A90 words
-
MONEY AND EXCHANGES
-
Article517 1977-09-24 8 TRADING in Singapore's interbank market overall was quiet yesterday. The local money market saw little of the yo-yo rates that characterised the last few days, as overnight money was steadily traded at the seven per cent level. Opening at seven per cent, overnight funds were traded up to 74517 words
-
Article46 1977-09-24 8 <* \<B( 7 6>. 1 I'i Citibank fi>. 1 7 HSBC v 1 Hunk of America 1 ndoiun 6«. 7 6>. 1 I'i Hank Neftara OCBC Indonesia 7 OUB 6'. i >, l(H 7 7 I MB( 7 I1RS m 1 OR 7 I 146 words
-
Article167 1977-09-24 8 Asian rates ASIAN currency deposit Interbank rates as at close on Sept 23 U8 Dollar* (Spot) Offer Bid 7 days 6 7/16 6S/16 1 mth 6 5/8 61/2 2 mths 6 3/4 6 5/8 3 mths 6 7/8 63/4 6 mths 7 1/1# 615/16 B mths 71/8 7 12 mths167 words
-
Article52 1977-09-24 8 RANGE of prices offered by dUcount houses on Sept 23. Overnight 3'4* Call Deposit 3% to 3V.H Clown* Buying Selling 3-Month Treasury bills 3 3/16 3 1/16 3-Month Bank bills 4 5/8 4 1/2 3-Month CD 5 7/16 S 5/16 6-Month CD 5 0/16 5 7/16 Source: National Discount52 words
-
Article166 1977-09-24 8 Euro rates LONDON. Frl. Eurodollar deposits firmed around 1/16 point following the increase In US money supply and fears the Fed might tighten Its monetary policy, dealers said. Overall, trade was quiet. Market sentiment was further affected by the rise in federal funds to 6-5/18 before Intervention by the New166 words
-
Article151 1977-09-24 8 NEW YORK. Fri. The dollar yesterday closed higher against most major currencies after becoming gradually stronger throughout the day on Interest rate expectations, dealer said. They said the Federal Reserve's Open Market Committee appears to have raised Its target rate for federal funds, and the US money supply151 words
-
Article199 1977-09-24 8 LONDON, Fri. Sterling firmed to $1.7434/36 in opening trading from a 1.7430/33 early Indication and 1.7430/32 overnight. Its effective trade-weighted index rose to 62.4 from 62.3 and forward premiums up to six months strengthened. Dealers said currency trading was quiet ahead of the weekend. The dollar was higher on199 words
-
Article155 1977-09-24 8 HONGKONG, Frl. The Swiss franc firmed to a late 2.3650/65 against the US dollar from New York's midpoint equivalent close of 2.3685, while the US unit gained on the local market, dealers said. They said the Swiss unit's strength was due to position switching from marks and US dollars,155 words
-
Article56 1977-09-24 8 AUSTRALIA/NZ exchanges on Sept 23: Australia: Sterling 6373/ 6305 US dollar 1 1073/1 1025 Ninety-day air mail buying rates: Sterling 6520 US dollar 1 1326 Ninety-day forward buying rates Sterling 6306 US dollar 1 0956 New Zealand: Sterling 0.5568/0 5537 US doUar 0 9752/0 9652 Ninety-day forward rate: Sterling56 words
-
Article55 1977-09-24 8 ZURICH exchanges closing quotes on Sept 22: US 2 3600-3610 UK 4.1124-1147 Can 2 2028-2042 W Germ 101 52-58 Neth 95 68-74 France 47 88-SS Belg 6 58-3/4-59 Demn 38 23-25 Norw 42 84-86 Swed 48 65-67 Italy 0 2670-72 Austria 14 23-3/4-25-1/4 Port 5 79-80 Spain 2 78-3/4-79-1/455 words
-
Article43 1977-09-24 8 FRANKFURT exchanges opening quotes on Sept 23: US 2 3272/82 Can 2.1730/50 UK 4 057/067 Neth 94 28/38 Swltl 8 49/59 Italy 2 627/637 France 47 19/29 Norw 42 14/22 Belg (com) 6 486 496 Belg (fin) 6 46/47 Japan 0 8720/3043 words
-
Article44 1977-09-24 8 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Sept 26 to 30: Offered: 130.000.000 Applied for Allotted MS 500.000 *30,000.000 Accepted Bids SW.22 approximately T*; higher bid* in full Average rate of discount on allotment 3 045Hpa44 words
-
Article342 1977-09-24 8 LONDON, Frl. Straight US Eurobonds were marked between 1/4 and 3/8 point lower In light trading on speculation of tighter US monetary policy following the large rise In US money supply, announced' yesterday, dealers said. Eurobonds opening quotes on Sept 23: Straight* Bid Offer Austria 8* 90 1014. lt«S342 words
-
-
-
Page 8 Advertisements
-
Advertisement317 1977-09-24 8 from Sk Penguin IN PENGUINS Yukio Mishima firmly upheld the traditions of Japan's imperial past, which he believed were being slowly eroded by Western materialism. Disillusioned he astonished the world 1 in 1970 by committing hara-kiri or ritual suicide by disembowelment. One of his last works, Runaway Horses, is now317 words
-
-
TRANSPORT AND COMMUNICATIONS
-
668 1977-09-24 9 KUALA LUMPUR: The Port Klang Authority has worked out three shortterm measures to alleviate the month-long container congestion In the terminal. Firstly, on the recommendation of the Malaysian Shipowners' Association the authority is Inviting a trouble-shooting terminal engineer to come over from England668 words
-
167 1977-09-24 9 AP MOSCOW. Frl. A Soviet newspaper claims that a pilot flying an E266M jet set world records recently for speed and altitude that cannot be matched by any foreign-made plane. It said Alexander Fedotov, 44, set marks for altitude In horizontal flight of 37,650AP - 167 words
-
982 1977-09-24 9 TERESA LIM - Local shipbuilders are not yet facing the full competition of the huge Japanese yards, but recent moves by the Japanese could pose a very*serious threat to the traditional business of Singapore's shipyards. TERESA LIM reports. TERESA LIM JAPAN'S Ministry of Transport (MOT) recently made known982 words
-
Article, Illustration318 1977-09-24 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge Civ (0700 alongside Perseus) 47 Barge Wllco 6 (0700 alongside Perseus) 47 Confidence (3EOI) (0600 23/24 Cornelia Maersk (0600 draft 9.3 m) 1/2 Golden Eagle (0600 after Kamfal) 25 Straat Chatham (1500 will shift to Gdn. 10/11 0600/ 25th on completion of318 words
-
Article161 1977-09-24 9 AP LONDON, Frl. Although Chinese wheat and sugar Imports from Australia and the Philippines provided interest In the Far East, the focal point of market attention yesterday was North America where large bulkers obtained some encouraging rate improvements for trans-Atlantic G'aln movements from the S Oulf. AnAP - 161 words
-
Article39 1977-09-24 9 Reuter LONDON, Fri. The Far Eastern Freight Conference (FEFC) said It 14 reducing the currency adjustment factor for trade with West Oermany/ Holland/ Belgium to 29 per cent from 31 1/2 per cent from October 1. ReuterReuter - 39 words
-
Article443 1977-09-24 9 UPI WASHINGTON, Frl. After 16 months of Concorde test flights to America and a last-minute flurry of lobbying by supersonic transport friends and foes. President Carter has decided the future of the SST in the United States. Transportation Secretary Brock Adams plans to announce Mr Carter'sUPI - 443 words
-
Article110 1977-09-24 9 MALAYSIA Shipyard and Engineering Sdn Bhd has successfully tendered for the construction of an accommodation module for the Bekok A oil producing platform of Exxon Production Malaysia Inc In Trengganu. The unit will provide staff accommodation for 70 persons associated with the drilling and production operations on110 words
-
Article164 1977-09-24 9 UNITED Yugoslav Line (Splosna Plovba), is incorporated in Pi ran, Yugoslavia and Is a relatively young transport enterprise established In 1954. It has expanded from Its modest beginnings to own a fleet of 21 vessels today, totalling 270,000 dwt, and there are plans for future developments in its164 words
-
Article580 1977-09-24 9 ARRIVALS Service Local Operator Number Time From KAL KE807 0015 SEL MAS MH682 0810 KCH PAN PA847 0810 SFO/HNL/GUM GIA GA900 1000 HLP GIA GA980 1030 HLP SIA SQ211 1045 HLP THAI TG981 1050 BKK GIA GA944 1055 PKU GIA GA908 1100 MES PAL PR501 1115 MNL580 words
-
Article200 1977-09-24 9 PENANG, Frl. Shipping find forwarding agencies and exporters have been asked by the Ministry of Trade and Industry to "abide strictly" to procedures when forwarding poisonous goods, to avoid contaminating other products. The Ministry is concerned about this following a case of foodstuff being contaminated while being shipped200 words
-
-
Page 9 Advertisements
-
Advertisement191 1977-09-24 9 Give us a man foramonthwe'H give him a language for life Mngua now the largest group of language schools in the world offers a range of intensive language courses specifically designed for the busy executives whose work and position require them to attain a high degree of proficiency in a191 words
-
-
Article, Illustration1129 1977-09-24 10 Kevin Rafferty - The World Bank annual report published this week shows that the developing countries have done surprisingly well in coping with the world economic recession. But the really poor countries have fallen further behind, and almost a billion people are today living in poverty. Kevin RaffertyFT - 1,129 words
-
727 1977-09-24 10 TOM WICKER - By TOM WICKER NYT NEW YORK: The melancholy Lance affair has come to a predictable end. One conclusion to be drawn is that the Senate ought to put far more time, energy and thought into its constitutional function of confirming or rejecting presidentialNYT - 727 words
-
Article1703 1977-09-24 10 LAI WAI KUAN - By LAI WAI KUAN KUALA LUMPUR: Professional advertising men and women of top calibre in Malaysia are few perhaps no more than 20. They are thinly spread out over six large agencies with international connections, some three dozen largish local agencies in Kuala Lumpur and1,703 words
-
785 1977-09-24 10 PATRICK WORSNIP - By PATRICK WORSNIP Reuter WARSAW: After a summer devoted mainly to domestic and communist bloc affairs, Poland is looking west again. Communist party chief Edward Glerek has Just ended a three-day visit to Paris, his first trip to the West In more than aReuter - 785 words
-
Article371 1977-09-24 10 Hong Lee Fook - Letter to the editor Lee Fook Hong Chairman, 8.A.1.C.5.A. WITH reference to your editorial on "A Question of Competence (Sept 5,1977)", we are pleased to note that you agree that company secretaries should be given statutory recognition. Such recognition Is desired not so much for the furtherance of371 words
-
Page 10 Advertisements
-
Advertisement55 1977-09-24 10 NOW ON SALE at your regular bookshop. The phenomenal bestseller which has taken America by storm the story of a black American's search for his roots in Africa. ROOTS has sold over 1 1 4 million hardback copies since its publication and it is continuing to top the bestseller lists55 words
-
-
1094 1977-09-24 11 KUALA LUMPUH. Frl. Mystery continues to surround the collapse of First General Insurance. The full facts have not been revealed though it is several weeks since the disaster. No explanation has been given by the Insurance Division either. The tremors of the closure1,094 words
-
556 1977-09-24 11 AFP HANOI, Fri. The code regulating foreign Investments in Vietnam, published last April, will soon be completed by additional texts, Vietnamese Foreign Trade Ministry sources reported today. The new regulations will cover employment of Vietnamese personnel by foreign-financed companies. taxation of company profits, IncomeAFP - 556 words
-
196 1977-09-24 11 AP SYDNEY. Frl. Japan will try to stabilise Its Import levels to prevent another disruption of the Australian beef industry, the head of Japan's Livestock Inuustry Promotion Corporation said today. Mr. Yasuji Ota said Japan would never again impose a total ban onAP - 196 words
-
Article227 1977-09-24 11 UPI TOKYO. Fri. A consortium of 15 Tokyo City banks has agreed to lend Vietnam US$32 million (5578.2 million) for purchase of Japanese steel products, the financial newspaper Nihon Kelzal said today. It will be the first loan to Vietnam by private Japanese banksUPI - 227 words
-
284 1977-09-24 11 THE divestment of 97 per cent of its stake In the newspaper company that Produces the Nanyang lang Pau will leave Nanyang Press Singapore Ltd (NPSL) with slightly more than $5 million to deploy. This is the sum that the former parent of284 words
-
194 1977-09-24 11 Reuter SEOUL, Fri. South Korea's Cabinet today passed a law designating a new 19-km territorial limit around the country. The law is subject to approval by the heavily progovernment National Assembly. The Korea Strait between Japan and South Korea is less than 19 kmReuter - 194 words
-
Article93 1977-09-24 11 SEOUL, Frl. South Korea exported goods worth US$6.4 billion (5515.6 billion) by the end of August this year, up 29 per cent from the same period last year, the Commerce and Industry Ministry said today. Imports made with Korean government foreign exchange reserve, excluding credit and93 words
-
270 1977-09-24 11 AFP HONGKONG, Frl. Hongkong's Governor, Bir Murray Maclehose, Is leaving for London tomorrow for textile consultations, It was learned from official sources today. A government spokesman said Sir Murray was anxious to see the responsible British ministers before final decisions were taken In LondonAFP - 270 words
-
Article, Illustration224 1977-09-24 11 PLANS are now underway to construct a $12 million commercial cum residential building on the site of the former Thong Sla building In Bldeford Road. The building, which will be 25 storeys high, will be completed In 2V» years time. Business operations of224 words
-
167 1977-09-24 11 THE double taxation agreement between Singapore and Canada came into force yesterday after an exchange of notes between the two governments. The agreement, signed here on March 6, will apply in Singapore from next year. It will apply in Canada from this year on167 words
-
172 1977-09-24 11 Reuter FRANKFURT, Frl. Australia can expect real economic growth of around two per cent In fiscal 1977/78 ending next June, little changed on last year's figure, Dresdner Bank said in a study. Foreign demand and prospects of a boost in domestic consumption will be theReuter - 172 words
-
Article124 1977-09-24 11 INDONESIA continues to occupy top place as the "visitor generating market" for Singapore, and In an effort to attract even more Indonesian tourists to the Republic, the Singapore; Tourist Promotion Board (STPB), together with Jakarta Hilton, the Singapore Hilton and Singapore Airlines, will organise a124 words
-
340 1977-09-24 11 THE anticipated arrival of some 100 Japanese engineers early next year for construction work on Singapore's petrochemical complex has put smiles into the long gloomy faces of property agents. This influx would need to be housed and the agents believe they would340 words
-
284 1977-09-24 11 HAVING failed to get a tenant for its revolving tower In the Change Alley Aerial Plaza after nearly four years of trying, Clifford Holdings, the developers, appears to be making a last ditch attempt to flnd one. It has now called for tenders to284 words
-
Article147 1977-09-24 11 NEW YORK, Frl. China Is in the world sugar market to buy an undetermined amount of raw sugar for arrival at Chinese ports from December to February, market operators said. China has been In touch this week with various world operators, asking them to make147 words
-
109 1977-09-24 11 Reuter TOKYO, Frl. Japanese refiners and Mr. John Laurie, sales manager of CSR Ltd, agreed to resume negotiations to seek settlement of the dispute over a long-term sugar contract, Industry sources said. The talks will be on the basis of a statement made inReuter - 109 words
-
Article98 1977-09-24 11 JAKARTA, Frl. Indonesian Attorney General All Said told reporters no evidence has been found that former Pertamlna head, General Ibnu Sutowo, committed any criminal acts In connection with the charter of several oil tankers by the company. Gen. Sutowo resigned from the state-owned Pertamlna oil company98 words
-
Article50 1977-09-24 11 THE Post Office Savings Bank's 73rd retail outlet will open for business from Monday at Robinson Road. Situated at 79 Robinson Road this outlet will be an independent branch, one of 18 In Singapore. Branches have their own officers-ln-charge and withdrawals for larger amounts are normally allowed.50 words
-
Article178 1977-09-24 11 UPI CANBERRA, Frl. An Australian parliamentary committee today recommended that Laker Airways, the controversial British air charter company, be given the right to fly new cheap flights between Australia and Europe. The owner of the company, Mr. Freddie Laker, recently proposed a plan to operate cheapUPI - 178 words
-
Article46 1977-09-24 11 MR. Karol Rodek, the new Ambassador of the Polish People's Republic to Singapore, yesterday presented his credentials to President Sheares. He succeeds Mr. Wiktor Kinecki and will concurrently serve as the Polish ambassador to Indonesia. Mr. Rodek will continue to reside in Jakarta.46 words
-
Page 11 Advertisements
-
Advertisement247 1977-09-24 11 SEE PAGE 10 APPOINTMENTS A well established and progressive shipyard in Jußong seeks a suitably qualified candidate to fill the post of: ACCOUNTANT RESPONSIBILITIES: Responsible for the effective performance of: (1) budgetary control, long-range forecast and financial analysis and planning activities (2) reviewing existing systems, procedures and controls (3) cash247 words
-
-
911 1977-09-24 12 IF coffee-shop owners have their way again and increase their retail price for soft drinks by another five cents when the manufacturers raise their prices, then these coffee shops will be earning nearly 80 per cent more per bottle since 1873. This911 words
-
Article141 1977-09-24 12 THREE other banks, two local and one American, have Joined the move to up their prime rates to 7 per cent. The local banks are the Asia Commercial Banking Corp, whose quarter per cent rise to 7 per cent came into etfect yesterday and Tat Lee141 words
-
346 1977-09-24 12 Reuter PARIS, Frl. Japan will defend Its shipbuilding policy in talks here next week by pointing to its falling share of world shipping orders, shipbuilding officials said here. Japanese officials are expected to tell the scheduled two-day meeting at the 24nation Organisation for Economic CooperationReuter - 346 words
-
Article755 1977-09-24 12 LONDON, Frl. Government stocks featured on yield considerations and early gains made on fairly good demand were extended after the Transport Workers' Union executive voted to support the 12-month pay rule and the lack of a new tap announcement from the Bank of England, dealers said. Equities were755 words
-
Article171 1977-09-24 12 AP LOS ANGELES, Frl. California has apparently been ruled out as the site of a Japanese car-manu-facturing plant, the president of the American Imported Automobile Dealers Association says. "The Japanese are no longer Just studying the possibility (of a US plant); their plans areAP - 171 words
-
Article43 1977-09-24 12 A PETITION to wind up SITO, once known as Southern Island Tours Organisation, was withdrawn by UIC Development at the High Court yesterday. UIC, in seeking the withdrawal, said SITO had made arrangements to settle the debt owed to the petitioner.43 words
-
247 1977-09-24 12 A UK engineering company, here with the visiting West Yorkshire trade mission, has secured the Singapore Bus Service's agreement to install an "air-o-matic" power steering unit to one of its buses on a three-month trial basis. This is a substantial break-through for RFF Engineering247 words
-
125 1977-09-24 12 THE ASEAN Joint ad-hoc working group on shipping will meet next week In Manila to discuss the formation of the proposed Asean Shipping Conference. The working group will meet on Monday and Tuesday. Wednesday to Friday has been reserved for the sub-committee on shipping and125 words
-
Article63 1977-09-24 12 AFP BANGKOK. Frl. Thailand will lead Asean In negotiating the textile export quota with the Common Market next month, informed sources reported today. Noting that it would be the first time that the Asean countries had joined forces to thrash out the textile problem with the EECAFP - 63 words
-
461 1977-09-24 12 Reuter BRIDGETOWN, Frl. Commonwealth Finance ministers said the capital of the World Bank should be doubled by the addition of some US$4O billion (Ss9B billion) and conditions on International Monetary Fund (IMF) loans to developing countries eased. The ministers said In aReuter - 461 words
-
514 1977-09-24 12 SINGAPOREANS were told bluntly yesterday that they must work harder for less returns. These, according to Dr Ooh Keng Swee, were the hard facts that must be accepted If Singapore is to overcome Its present difficulties. Speaking at the opening of the Singapore514 words
-
Article251 1977-09-24 12 Reuter LONDON. Fri. The British government today froze financial backing to a small Belfast company to make an example of It for challenging official pay guidelines. The case of Mackles, which agreed to give Its 4,000 workers a 22 per cent rise, has becomeReuter - 251 words
-
Article101 1977-09-24 12 THE former directors of Sheo Prasad Sharma were yesterday made bankrupts as guarantors of an unpaid debt of $1,387,507, which the company owes the Moscow Narodny Bank. The bankruptcy orders were granted by Mr. Justice Kulasekaram on a petltio* by MNB through Its counsel Mr. Suresh Oupta. The101 words
-
340 1977-09-24 12 THE Singapore Manufacturers Association (SMA) yesterday decried the lack of a large permanent exhibition site, which prevents it from organising larger exhibitions in future. Speaking at the opening ceremony for the 10-day trade and Industrial fair, Mr. Goplnath PUlal, chairman of the SMA organising340 words
-
218 1977-09-24 12 SIN Poh Star News Amalgamated, the parent company of Sin Chew Jit Poh, yesterday put Its Robinson Road site, located strategically at the corner of Robinson Road and McCallum Street, on sale. Its asking price for the 508 sq.m. (5,468 sq.ft.) site is218 words
-
Page 12 Advertisements
-
Advertisement141 1977-09-24 12 T^SINC £>U SINGAPORE ness RE i HIGHLIGHTS OF OUR SEPTEMBER ISSUE: ess 1977 PRICE $300 HEADING FOR ANOTHER RECESSION The economic performance of the EEC countries and Japan points to a gloomy new year. One way out is for the US to run a huge deficit, but this will lead141 words