The Business Times, 27 September 1977
1977-09-27
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The Business Times
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Title Section10 1977-09-27 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, SEPTEMBER 27, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article71 1977-09-27 1 Reuter BRISBANE, Mon. Prime Minister Malcolm Fraser and the opposition Labour Party traded criticism today about Australia's faltering economy adding to speculation on a general election later this year. Mr. Fraser said Labour Party leaders were deliberately trying to sap confidence In the economy for theirReuter - 71 words
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Article72 1977-09-27 1 Reuter KUALA LUMPUR, Mon. The controversial Mentrl Besar of Perak, Tan Sri Ghazali Jawl, will resign from his post on Oct l, it was announcea here today. Acting Prime Minister Dr. Mahathir Mohamed told a press conference that the Sultan of Perak as the constitutional ruler had agreedReuter - 72 words
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Article78 1977-09-27 1 AP NICOSIA, Mon. Kuwait is claiming US$74 million (SSIBO million) in tax and royalty arrears from Aminoil, the American Independent Oil Company, whose interests in Kuwait were nationalised last week, the Middle East Economic Survey reported today. Kuwait is claiming the sum as arrears dating back toAP - 78 words
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Article33 1977-09-27 1 AP TOKYO, Mon. Japan today rejected Australia's demand that Japanese beef Import quotas be set on a long-term basis so that Australian beef producers can plan their shipments without disruption. AP.AP - 33 words
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Article44 1977-09-27 1 AFP MANILA, Mon. Mrs. Imelda Marcos, said today as she left for New York she was carrying an "important" letter from President Marcos to US President Jimmy Carter. She gave no indication as to what Mr. Marcos' message might be about.AFP - 44 words
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Article75 1977-09-27 1 UPI TOKYO, Mon. Japanese sugar refineries and Australian suppliers will resume "substantial" negotiations early this week to end a deadlock in the sugar price row between the two countries, sugar industry sources said today. Mr. John Laurie, representative for Australian sugar suppliers, and Mr. Kakulchlro Fujiyama chief JapaneseUPI - 75 words
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Article74 1977-09-27 1 UPI NEW YORK, Mon. Stocks headed lower early today in moderate trading amid investor fears interest rates would rise further and dismay that the nation had its second largest trade deficit in its history. As a result, the Dow Jones industrial average, which fell 17.67 points last week,UPI - 74 words
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Chief Price Changes
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Article, Illustration167 1977-09-27 1 EASIER conditions persisted in low volume trading on the Stock Exchange of Singapore yesterday. Stoploss selling and stale bull liquidation continued to be the main depressants. The Business Times index finished 5.84 points lower at 420.35 and the Straits Times Industrial index 0.53 point at 261.03. Foils167 words
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Article108 1977-09-27 1 Falls Most active Olympia 1.40 -.12 Tlmuran 149 000 M Flour 3.04 -.12 Olympia 137,000 K Sldlm 4.00 -.10 O. Ceramics 132 000 Supreme Corp 1.75 .08 Tan Chon* 7A am O. Ceramics 1.87 Sentosa 1.85 Sim Llm 0.88 H 8. Lumber 0.97 B Ray* 1.15 Dutch108 words
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433 1977-09-27 1 SHARES in that old market darling, Slme Darby Holdings, will come In for option trading with effect from Oct 3, bringing the total number of underlying securities listed on the option boards to 17. This was announced by the Stock Exchange of Singapore433 words
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848 1977-09-27 1 QUEK PECK LIM - IN THE REGION OF $160 m By QUEK PECK LIM SIME Darby Holdings appears poised to announce Its best set of results ever today. After a rise of Just 7.2 per cent In the interim results, Slme Is expected to report a one848 words
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744 1977-09-27 1 SINGAPORE Airlines will fly to the US for the first time next year following the signing of an air-services agreement between the two countries. Official sources here confirmed the agreement and said SIA hopes to fly to San Francisco three times a week744 words
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Article245 1977-09-27 1 WASHINGTON, Mon. American businesses sold fewer products abroad during August than at any time In the last 10 months as the nation's trade deficit grew to US$2.7 billion (586.58 billion), the US Commerce Department said today. The trade deficit was the 15th in a row and245 words
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Article71 1977-09-27 1 Reuter MANILA, Men. The Philippine* is expected to complete a feasibility study by the end at the year to decide if it will go ■head with the superphosphate plant allocated to it as part of the Asean istfliiasl comple mentation vojocts* En—smic Planning Secretary Gerarde Sicat said thatReuter - 71 words
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142 1977-09-27 1 LONDON. Mon. The stock exchange reacted positively today to reports that Britain has received support from the International Monetary Fund for measures to stimulate economic growth. British shares were climbing quickly as City exEerts said there was no >nger the slightest doubt that the Callaghan142 words
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324 1977-09-27 1 THE bulk oT Keppel Shipyard's US$l5 million EuroAsian bond issue is expected to be taken up by Asian investors. This is became only a small portion of the bond, according to lead managers Dalwa Securities Co at Japan, is to be324 words
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660 1977-09-27 1 THE Asla-Paclflc region has seen the fastest growth rate In tourism worldwide, but receives very few visitors In absolute terms, compared to the other regions of the world. This, Dr. Jose Mananzan, president of the Asia and Australasia Hotel and Restaurant Association 1 (AAHRA) said,660 words
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Advertisement31 1977-09-27 1 >>&%)]+=/*@+-;->/<+/[<~!$\;+"[* Ovweeee/TV ft RadW Orereees Stocks Croeewords —PJ Commoditiee Orereees News —PS Transport ft Local Co. News —P4 Cemmunicetioßs laternatiooal Co. Fee tores News—PS Locel ft Overmi Local Stocks —PC News —P31 words
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Advertisement34 1977-09-27 1 TT^ > Vr. r ;v n H 7 > y £>y% ■qphtA mv- &<• v:.if ■< WJSJ iSIvM ISSBSSfIIP? siiwdun \Sr< I t* r r^mmm k.t. L L f-. •W■■ i-Urt t ;ii.w L. v;^ ,ri)l J, u34 words
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Advertisement193 1977-09-27 1 U-BIX COMPLETE COPYNG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE Tel *****2 (5 Ltne») APS ELECTRONICS <M> SDN BHD KUALA LUMPUR Tel *****/*****/84M7 SEE BACK PAGE •sfif: :*iil(iiiiir; Mi lIQ I 11 «7v ft I •'iliiiiiii'fj IP* -5 f m V/' SBSS^IP?; «/r 2 IMMEDIATE OCCUPATION in Singapore's foremost office buildings193 words
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OVERSEAS
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868 1977-09-27 2 Reuter WASHINGTON, Mon. Deutsch Bank AG board member Mr. Wilfrled Guth said here the International Monetary Fund must assume a strong and active role as chief world coordinator and counsellor to ensure the flexibility provided bv the present International monetary systemReuter - 868 words
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144 1977-09-27 2 Reuter TOK-XO, Moil. US Secretary of Commerce, Mrs. Juanita Kreps arrived here today for a two-day visit during which she will have brief talks with Prime Minister Takeo Fukuda and other Japanese leaders. Mrs. Kreps was expected to discuss fishery and trade issues, includingReuter - 144 words
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252 1977-09-27 2 Reuter WASHINGTON, Mon. Britain will not make the US$36O million (*****.84 million) drawing available later this year under the schedule of its $3.9 billion International Monetary Fund credit, informed monetary sources said. The sources said the massive capital inflow London has experienced duringReuter - 252 words
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Article40 1977-09-27 2 Reuter HONGKONO, Mon. Hongkong's visible trade recorded a HKS39B million (*****.70 million) surplus In August, following a $27 million deficit In July and a Sl3B million surplus In August 1976, provisional Census and Statistics Department figures show.Reuter - 40 words
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339 1977-09-27 2 Reuter WASHINGTON, Mon. The Joint World Bank/International Monetary Fund development committee expressed serious concern about the growing trend towards protectionism in the Industrialised world. The committee, which links both developed and developing nations In examining the problems of the world's poorer nations, said suchReuter - 339 words
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303 1977-09-27 2 Reuter WASHINGTON. Mon. South-east Asian nations attacked "certain industrial countries" for their tendency to resort to trade protectionism to resolve their problems of unemployment and inflation. Malaysian Finance Minister Tengku Razalelgh Hamzah, in a statement to the International Monetary Fund's Interim Committee onReuter - 303 words
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602 1977-09-27 2 Washington Star WASHINGTON, Mon. When Mr. Bert Lance finally gets down to pulling the pieces of his life back together, he Is likely to find himself In worse financial shape than at any time since he went to work as a USIOO-a-month (SS22O)Washington Star - 602 words
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137 1977-09-27 2 AFP WASHINGTON, Sun. A "serious" clash concerning the Japanese economy recovery policy occurred over the weekend between US Treasury Secretary Michael Blumenthal and Japanese Finance Minister Hideo Boh, according to an Informed source here. The difference of view emerged at a dinner they attended alongAFP - 137 words
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Article75 1977-09-27 2 Reuter WASHINGTON, Mon. Mr. Ooesta Bohman, Sweden's Economic Affairs Minister, was elected yesterday chairman of the Group of 10 finance ministers at a meeting here. Mr. Bohman succeeds British Chancellor of the Exchequer Denis Healey as head of the group which links 10 ofReuter - 75 words
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Article61 1977-09-27 2 Reuter NEW DELHI, Mon. The State Trading Corporation (STC) said It concluded an export contract for 44 tonnes of silver valued at 52 million rupees the highest ever transaction In silver handled by STC in a single day. Dally sales in the past have never exceeded 22Reuter - 61 words
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440 1977-09-27 2 Reuter WASHINGTON, Mon. Mr. Denis Healey, chairman of the International Monetary Fund's Interim commltte, said he expects an agreement on the seventh general review of IMF quotas at the committee's next meeting on March 21 in Mexico. Mr. Healey told a press conference ItReuter - 440 words
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Article79 1977-09-27 2 Reuter TOKYO, Mon. Japanese Prime Minister Takeo Fukuda and President Carter may meet for talks In Hawaii during the next three months, major newspapers reported here, quoting government sources. The Foreign Ministry said today there were no "Immediate or concrete plans" for a summit, but addedReuter - 79 words
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Article, Illustration1075 1977-09-27 3 WORLD BANK REPORT AP WASHINGTON, Mon. World Bank president Robert McNamara, in a wide-ranging survey of the developing world, today hailed the continued economic progress of the middle-income countries. But he called for special efforts to relieve the poverty and end the stagnation of the poorestAP - 1,075 words
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1144 1977-09-27 3 W. KEEGAN - By W. KEEGAN OFNS BRIDGETOWN, (Barbados), Mon. If there la one theme dominating the deliberations of the annual meetings of the International Monetary Fund and World Bank In Washington this week It Is the growing belief that the world has changed, butOFNS - 1,144 words
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460 1977-09-27 3 AP WASHINGTON, Mon. Anti-Inflation policies of Industrial nations have slowed economic growth and kept unemployment at recession-levels, and now must be "decisively corrected," the head of the International Monetary Fund (IMF) said today. Major reductions In unemployment are possible only if industrial nations pursueAP - 460 words
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Article126 1977-09-27 3 Reuter WASHINGTON, Mon. US Treasury Secretary Michael Blumenthal says he foresees the American economy growing by about 5 per cent In real terms next year. He said during a break In the International Monetary Fund's interim committee meeting on Friday that the United StatesReuter - 126 words
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Advertisement181 1977-09-27 2 don't miss BUSINESS OBfORTUNITIES VISIT THE INTERNATIONAL MATERIALS HANDLING CONSTRUCTION MACHINERY EXHIBITION 5-9 TH OCTOBER 1977 NATIONAL STADIUM SINGAPORE 11.00 a.m. 4.00 p.m. Trade only 6.00 p.m. 9.00 p.m. Trade Public I® Interested in adding new agencies to your business? Visit the biggest International Trade Exhibition of its kind ever181 words
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Page 2 Miscellaneous
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Miscellaneous68 1977-09-27 2 Bri Stow: Ptßnk Dickens 04e uP to me i rD- we OUST &€JE>J "to sec me Gordon e>uje. our mp»sTie.R cuer, TO comPup»N PiBOOT THE. STPMMS OM Wis CPADG r "'*l I DeNN »T" He SPUD €->JeRN(TH»t4G IN my cpKieeM conforms to TyVL WtGHeST Sfp\NCfteDS OF CI£P»4UI4eSS PwslD WNGICNE <G**>68 words
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Miscellaneous891 1977-09-27 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Sept 26 at Singapore airport. Maximum Temperature 29.3° C Associated Humidity SO Minimum Temperature 23.2° C Associated Humidity 98 Hours of Sunshine 0.05 Rainfall in Millimetres 0.7 Total Rainfall for the Month 174.3 Total Rainy Days for the891 words
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Advertisement232 1977-09-27 3 'i d EXCHANGE ADVISOR IN NEW YORK. m tm-mm .5" Ml :W V r I > :■>: mm® lIP jp 4§SSE' I K "3* j i ij 1 t? ■A s *fi 4 i r 1 ■4> •>. y y ■m^ri ft 1 •>: •>'•••••. ,VA! v m <■> Wi232 words
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COMPANY NEWS
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537 1977-09-27 4 A SHARP rise in investment Income was largely Instrumental for the 21.4 per cent growth in group pre-tax profit at Straits Trading for the first halfyear ended June 30, 1977. Group Investment income rose $2.25 million or 47.4 per cent to $6.99537 words
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408 1977-09-27 4 WORLDWIDE Holdings has given further Information on the short-term loan of M 5200.000 which emerged In Its accounts for the year ended Dec 31, 1976 and has further strained the financial position of the shattered Investment company. In response to the Kuala Lumpur Stock Exchange's408 words
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COMPANY MEETINGS
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Article24 1977-09-27 4 THE following company meetings are due: Sept 29 at 10.00 a.m. at Ban Hln Lee Bank Chambers, Ist floor, Beach Street, Penang.24 words
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Article19 1977-09-27 4 Sept 29 at 10.30 a.m. at Ban Hln Lee Bank Chambers, Ist floor, Beach Street, Penang.19 words
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18 1977-09-27 4 Sept 29 at 11.00 a.m. at Ban Hln Lee Bank Chambers, Beach Street, Penang.18 words
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Article24 1977-09-27 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
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23 1977-09-27 4 Sept 30 at 10.30 a.m. at the Registered Office 197 A, Batu 4 3/4 Jalan Scudal, Johore Baru.23 words
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Article21 1977-09-27 4 Oct 3 at 11.30 a.m. at the Regent VII room, 2nd floor, Regent Hotel, Jalan Imbl, Kuala Lumpur.21 words
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Article21 1977-09-27 4 Oct 4 at 12.30 p.m. at the Registered Office, Jalan 219, off Federal Highway, Petallng Jaya, Selangor.21 words
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Article20 1977-09-27 4 Oct. 10 at 12.00 p.m. at the Registered Office, 13.7 km Buklt Tlmah Road, Singapore.20 words
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Article505 1977-09-27 4 Current Ex Date Total for Total for paymeat Date payable the year previous year C. Suein 10% Sept 5 Sept 29 15H nil International Wood 10%TE Aug 8 Sept 30 10HTE nil Pa hang Consolidated 10H Aug 3 Sept 30 15H 10% Keck Sens 10HI Sept 5 Sept505 words
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397 1977-09-27 4 REFLECTING Improved commodity prices, which have prevailed since the latter part of 1976, Selangor Coconuts enjoyed a healthy rise in profit for the year ended June 30, 1977. Pre-tax profit rose to M 510.46 million, a Jump of 53.3 per cent over397 words
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Article318 1977-09-27 4 BO VIS (BEA) Unaudited group pre-tax loss M 52.92 million ($5.21 million) for the first half-year ended June 30, 1977. Turnover $10.15 million ($12.33 million). Parent company pre-tax loss $450,000 ($653,000) on turnover of $1.02 million ($1.42 million). Setron Unaudited group pre-tax profit $2.06 million ($2.45 million) for318 words
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174 1977-09-27 4 PREMIUM Holdings has agreed to purchase two 4 Itstorey shop lots at Jalan Tuanku Abdul Rahman, Kuala Lumpur from Chin Giap (Penang) Investment for M 5960.000. A 10 per cent deposit is to be paid on the signing of the agreement and the174 words
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163 1977-09-27 4 ABOUT 90 per cent of Ben's recent rights issue of 13.45 million shares has been taken up by stockholders. Revealing this to the Stock Exchange of Singapore, the company says acceptances came to 11.65 million shares or 86.8 per cent. However, a further163 words
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474 1977-09-27 4 WHEN speculators played up the shares of Malayan Flour Mills recently, they had apparently expected some form of scrip issue which the group is well placed to make. At the height of the paper chase, the share was taken up to a474 words
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Article337 1977-09-27 4 AN UNEXPECTED setback suffered by Its major associate company In Malaysia turned group earnings at United Engineers slightly lower for the first half of the current year ending Dec 31, 1977. Oroup pre-tax profit came to $3.2 million, a decrease of 1.8 per cent337 words
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Article65 1977-09-27 4 HERMANN Ludwig (SEA) has appointed Mr. Ralf Wittenberg as manager and Mr. Richard Tay as deputy manager. Mr. Wittenberg Is also the company's regional seafrelght manager. Mr. Tay Is also the regional airfreight manager. Lower Perak Tin Dredging has accepted the resignation of its director, Y.A.M. Tunku65 words
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Article154 1977-09-27 4 EUROPEAN Asian Bank will hold a regional conference in Singapore next month to review the bank's operations in Asia and discuss future plans for business expansion. A bank statement says the two-day conference, which begins on Oct 1, will be attended by the bank's managers154 words
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640 1977-09-27 4 NYT NEW YORK, Mon. The Federal Reserve, continuing to respond to explosive growth in the United States' money supply, pushed interest rates higher last week, and Wall Street's bond dealers expect the trend to continue. "A 6 1/2 per cent federal fundsNYT - 640 words
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Article66 1977-09-27 4 AFP BANGKOK, Mon. The partially Japanese-owned Thai Yazakl Manakhun Textile Company has sold Its business to an undisclosed buyer after suffering severe losses, informed sources said. The company, which had been operating for 14 years, was reportedly sold for less than 35 million baht following aAFP - 66 words
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Article131 1977-09-27 4 AFP BANGKOK, Mon. The American-owned General Motors Thailand Co. has closed shop after suffering stiff competition from distributors of smaller cars. The Slam Rath Dally, quoting the company's sales manager, Mr. Rerkchal Thlammeth, said some 50 local employees would be laid off as a result of theAFP - 131 words
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Advertisement233 1977-09-27 4 rr rr. 5? V m i > #> v .V ,>/ ry V h ,m+ >'• t» R NVf^ *as*s v%J# 1 *JBl 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, took233 words
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INTERNATIONAL COMPANY NEWS
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388 1977-09-27 5 UK COMPANIES FT W.H. SMITH, the newsagents chain, last week became the latest retailer to Join the Confederation of British Industry. The move follows a recruitment among retailers which has already led to Marks and Spencer, Dlxons, the photographic chain, and John Menzles,FT - 388 words
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Article78 1977-09-27 5 Reuter HOUSTON, Mon. Exxon Pipeline Co said It is seeking US Supreme Court review of the refusal by the fifth circuit Court of Appeals to overturn the Interstate Commerce Commission's suspension of the company's initial trans-Alaska pipeline system tariff filing. Exxon's initial tariff of U556.27 aReuter - 78 words
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842 1977-09-27 5 FT BARCLAYS BANK, already the subject of an Investigation by the new Price Commission as part of general Inquiry Into banking, has been singled out for special scrutiny over the charges made to nationalised Industries. The company was one of four named recently by theFT - 842 words
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848 1977-09-27 5 FT ULSTER LEGEND has It that until only a few years ago members of the Mackle family who ran the family business were swept from their mansions to their Springfield Road factory In West Belfast by limousines that never paused for a redFT - 848 words
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863 1977-09-27 5 NYT NEW YORK. Mon. When the big green-and-white gong at the Chicago Board of Trade, the world's oldest and largest existing market for commodity futures, clangs to signal a fresh business day today, something new will be added a futures market in 90-day commercialNYT - 863 words
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Article98 1977-09-27 5 HONGKONG, Mon. Anderson Asia (Holdings) made an unaudited consolidated net profit of HKS7.4I million for the six months ended June 30, 1977 compared with $3.48 million previously. The company said the profit did not include the pre-acqulsitlon profit of Asia Stone, which amounted to $3.61 million.98 words
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Article87 1977-09-27 5 SYDNEY, Mon. Unaudited consolidated operating profit at Bridge Oil lumDed from A 5855.000 to $1.96 million for the year ended June 30, 1977. The profit was after tax of $723,000 ($256,000), depreciation of $752,000 ($2,000) and interest of $929,000 ($31,000). It excluded an extraordinary net loss87 words
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Article36 1977-09-27 5 Reuter JAKARTA, Mon. Indonesian Mining Minister Mohammad Sadll Is investigating the alleged misappropriation of state funds amounting to 24 billion ruplahs In the state tin company PT Tlmah, a Mining Ministry spokesman said. Reuter.Reuter - 36 words
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503 1977-09-27 5 NYT NEW YORK: Since July's blackout, 18,000 customers of Consolidated Edison Company have filed claims against the utility, for millions of dollars In damages, mostly for food spoilage. Their chances of winning are slight. In the heat of the nights and daysNYT - 503 words
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Article251 1977-09-27 5 Reuter MUNICH, Mon. With orders stagnating and finished goods stocks too high, manufacturing firms In West Germany have turned more pessimistic about the general business outlook, the IFO Economic Research Institute said. At the same time, It ex[>ressed scepticism In Its atest monthly economic analysis aboutReuter - 251 words
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173 1977-09-27 5 Reuter LIMA, Mon. Peru's oil production has reached 100.000 barrels a day and the country will become a net exporter next year, Petro-Peru, the statecontrolled oil company, said. Meanwhile Occidental Petroleum, the only foreign company still operating in Peru's Amazonian Jungle, Is toReuter - 173 words
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Article67 1977-09-27 5 Reuter MILAN, Mon. Montedison SPA said group operating losses continued heavy In first-half 1977 and were worse than those of the same period a year ago. It gave no figures for the first-half losses. Group sales rose 20 per cent to 2.7 trillion lire but volume growthReuter - 67 words
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Advertisement170 1977-09-27 5 Close a deal \jptv -'Jf Jf -yjf r s; v- ""Vit <4mstt-k M* <3^ wmmjBr pr I 5 %S§fi %V y> *j£> V?v v ''£%>:.'"■ ,>v < >•' k L J with IDD If you deal each day with people round the world, it makes sense to have time on170 words
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Article2305 1977-09-27 6 1977 High Low Company Last Sale +OCGr'i div Div c'tt Gr'a y'ld Net P/E Vo1 C0Q0) Day High Low 8ECTION ONE INDUSTRIALS 154 204 116 233 88* 198* 169 224 414 171 136 172 58 212 57* 155 152 182 350 145 Acma Alcom Allied Choc Bata2,305 words
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Article1175 1977-09-27 6 BID and offer price* officially luted and business In and reported to the Stock Exchange of Singapore yes terday with the number of shares traded shown li\ brackets In lots of 1.000 units unless otherwise sped fled All Time Settlement Contracts arequoted after the word "Sett." Blf1,175 words
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Article1618 1977-09-27 6 BID and offer prices officially luted and business In and reported to the Kuala Lumpur Stock Exchanfe yesterday with the number of shares 1 laded shown In brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS Atom < I.TOB 1 808). A. Ch«c (1.048 1 O«S>1,618 words
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Article56 1977-09-27 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. Incbcape (Sept $2.40) (0.095). (March 52.40) (0.15B). U O B (Dec $3.20) (0.125). (March— 53.20)56 words
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Article148 1977-09-27 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager* prtcei The Commerce i«c sept 173 HI 1 83 INCOME BOND 1 07 1.13 The Saving Fund 1.03 1 09 Spore Prog Fund 0.S2 0.87dx MARA BUMIPUTRA FUND Spore Security (Managers' price* for Sept 27) Fund 1.94 1 63 First Bumlputra148 words
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Article161 1977-09-27 6 B O T 8 1/2% IMI (100,000) (103 MB 103 MS) B O T 7 «/8% IM4 (100,000) (99M8 99*8) LTCBJIM2 (100,000)(98MB 98*8) (1)98* Credit Lyonnai* Floating IMS i lOO,000) (98MB 98M8) > B 8 Convert* 1/2% IMI t lOO,000) (97M8 98*8) 1888 1/2% IM2 (100,000) (101 KB161 words
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Article94 1977-09-27 6 Rep Spot* D Mark 7% 1982 (100,000) (100 MB 101HS) Rep Spore 8 1/2% 1983 (100,000) (99M8 100 MS) Rep Spore 7 3/4% 1987 (100,000) (100 MB 100*8) 4 8/4% 1/8/79 (250.000) (100.606) 8 1/4% 18/18/79 250,000) (101.906) 8 3/4% 18/8/88 (250,000) (105.10B) 8 3/4% 1/8/78-80 250,000) (101.00894 words
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Advertisement176 1977-09-27 6 Confront Singapore's decision makers in Business Times < v 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 like176 words
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Article, Illustration627 1977-09-27 7 EASIER coaditioas persisted in low volume trading on the Stock Exchange of Singapore yesterday. Apart from a few issues, which were touched up at higher levels, the market finished generally weak, with sellers still dominating the scene. It was to some extent a buyers' market. This was627 words
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986 1977-09-27 7 NYT NEW YORK: While Bert Lance has gone home to a warm welcome in Calhoun, Georgia, his managerial Eerformance as a private uslnessman and banker Is coming under Increased and critical scrutiny in Wall Street Before going to Washington as President Carter's BudgetNYT - 986 words
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Article399 1977-09-27 7 SHARE prices tended a shade weaker In another round of featureless and drab trading on the Kuala Lumpur Stock Exchange yesterday. Last Friday's steady closing saw only brief followthrough on opening before prices started to dip across-the-boards. By the noon close, most counters had been traded into399 words
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INTERNATIONAL STOCK MARKETS
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Article329 1977-09-27 7 HONGKONG: The market closed easier on Monday, with more trading Interest towards the close, dealers said. The Hang Seng index closed at 415.7 points, down 2.57. Hongkong Bank and Jardine Matheion fell 10 each to HK517.70 and $14.10 respectively. Hutchison and Swire Pacific fell five cents each to $3.13329 words
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Article486 1977-09-27 7 TOKYO: Share prices closed slightly lower In light trading on Monday, In the absence of fresh stimuli, dealers said. The Dow Jones average lost 3.89 to close at 5,159.77 with volume 190 million shares. The New Index was 385.15, down 0.10. Electronic components led the losses, while motors and486 words
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Article411 1977-09-27 7 SYDNEY: Banks, Industrials and most mines were lower on Monday, on press reports of a reserve bank memorandum outlining a deterioration of the economy, dealers said. The Sydney All-Ordinaries dropped 1.89 points to cloee at 430.04. BHP fell four cents to a year's low of A 55.38, while among411 words
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Article156 1977-09-27 7 MANILA: The market closed lower across-the-board on Monday, with turnover falling to 12.50 million pesos from last Friday's 14.M million, dealers said. Atlas lost five points while Philex and Marlnduque lost four points in weaker minings. In oils, Phil Overseas was down by five points while Oriental lost three156 words
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Article110 1977-09-27 7 SEPT* Baku Asia Fibre 179 -2 Bangkok Bank 37V -2 Bangkok Invert 262 -2 Bangkok-Metro Poiltan Bank Bat* 700 Bertl Jucker 436 >2 Charoong Thai Wire 1M ♦9 Dumex Duxlt Thanl Patter Merlin First Trust 1796 unch General Finance 253 10 Indo-Thai Industrial Finance 4-15 Corp 1,306 J and110 words
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Article213 1977-09-27 7 Reuter SYDNEY, Mon. Hambros Ltd will lift Its stake in Australian Finance and Investment Co. (AFIC) to 89 per cent from 40 per cent by acquiring the Interests of three foreign banks, the Sydney office of Hambros Bank said. Hambros will acquire the AFIC holdings ofReuter - 213 words
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878 1977-09-27 7 NYT LONDON. Mon. Tired of watching the Dow Jones Industrials stumble along more than 200 points below their peak? Do you long for a market that's going up, where every stock in the leading index has at least doubled sinceNYT - 878 words
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622 1977-09-27 7 NYT NEW YORK, Mon. Even with another winter of subnormal temperatures, consumers can expect sufficient supplies of natural gas throughout the coming heating season, according to a report that the Federal Energy Administration is expected to release today. The agency'sNYT - 622 words
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Advertisement407 1977-09-27 7 BUSINESS TIMES Airline Directory AoroMot Soviet Airhnoo 110-112 Show Cifltrt, Orchard Rood, Smpoporo 9 (Tol: 377.111) Air Coylon 302-B, 3rd Floor. Morino Howto ICS Kuildinf, Shonton Way Sinoooor* 1 (Tol: *****11) Bowroq Indortowo AMnaa S'poro Hyatt Hotol Shoppinp Arc No. 5 10-12 koth toad, Siwaaporo 9 (Tol: 373.045/ 2351.145) Contra407 words
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COMMODITY REPORTS AND PRICES
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Article385 1977-09-27 8 THE SINGAPORE rubber market opened 2.75 cents higher following the higher close here on Friday and firmer London advices before profit-taking pared the gain slightly, dealers said. Forwards, notably "January/March 1978, were well traded while physicals were neglected. The morning session closed higher, with October385 words
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Article30 1977-09-27 8 Rubber: Sept 26 Singapore: October 218.25 cents (up 3.00 cents) Malaysia: October 219.50 cents (up 3.25 cents) Tin: $1,710 (down $1) Official offering: 295 tonnes (up 49 tonnes)30 words
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Article371 1977-09-27 8 Prices in rents per kilo yesterday: Noon Close (per kilo) (per kilo) Int. 1 R.s.s prompt f o b Buyers Sellers Buyers Sellers -t 217 00 218 OON 217.25 218.25 Int 1 R S.S October 217 75 218 00 218.25 218.75 Int. 1 R S S. November 219.75371 words
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Article119 1977-09-27 8 NOON SSR and SMR prices yesterday: HAS October November (Ourre nt Mth) (Korward Mth) Buyer* Sellers Buvers Sellers vo (cents per kg) •cents per Iik) nr SSR 20 (1 -toti pullet) 209.00 211 00S 210 00 212.00N SSR 50 MKKLB (1-ton pallet) 206 50 208 50N 207119 words
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Article358 1977-09-27 8 CONDITIONS continued to rule from steady to firm In very quiet trading on the Singapore produce market yesterday. Overseas Inquiries were reported to be fairly good. But owing to the differences In price Ideas, very few of these resulted In business. Small quantities of peppers and coconut oils358 words
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Article285 1977-09-27 8 HONOKONO, Mon. The cotton futures market closed generally firmer but ended at the day's lows, following the Friday trend in New York, dealers said. December fell 0.10 US cent*, while other months rose 0.43 to 0.48 cents. Total turnover fell to 60 lots from Friday's 101. Open position285 words
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Article103 1977-09-27 8 LONDON, Mon. Coffee opened £9 to £45 higher. May show the only advance In excess of £25 at £1,915. Only 70 lots were traded compared with 195 at Friday's opening. Speculative buying boosted prices initially following the strong advance In the New York "C" contract September position on Friday.103 words
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Article116 1977-09-27 8 LONDON, Mon. Cocoa futures finished the morning down from the session's highs, mostly £12 up from Friday to £4.50 lower. But sport September, although closing below Its best, continued to forge ahead on technical short-covering influenced by nearby physical tlghness to end with a gain of £67.50 per tonne.116 words
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Article201 1977-09-27 8 BANGKOK, Mon. Indicative prices quoted here today were: Prices In US dollars per tonne FOB Bangkok: White Rice: 100 pet Ist class 308,100 pet 2nd 392, 100 pet 3rd 288, 5 pet 277, 10 Dct 280, 15 pet 257, 20 pet 254, 25 pet 245 35 pet unq. Broken:201 words
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Article169 1977-09-27 8 LONDON, Mon. Terminal sugar opened £3.70 to £0.40 below Friday afternoon closing levels. Turnover totalled 2,025 lots. Dealers said the market continued last week's downtrend, reflecting disenchantment over lack of progress at the Geneva sugar talks, the availability of nearby sugar, and further Improvement in the latest EEC beet169 words
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Article105 1977-09-27 8 LONDON, Mon. Copper wlrebars declined by £6 per tonne for cash and fully £4 for Three Months. The pre-market was steadier on shortcoverlng encouraged by strength In cold although the higher levels soon found profittaking and hedge selling following the 2,300 tonnes Increase In warehouse stocks and lack of105 words
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Article114 1977-09-27 8 THE BTRATTS tin price In Penang yesterday was down MSI to $1,710 per plcul on an official offering up 40 tonnes to 295 tonnes. In LONDON yesterday, tin gained £47 for cash and £33 for Three Months standard while high grade rose £65 and £45 respectively. The market114 words
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Article182 1977-09-27 8 THE KILOBAR In Singapore yesterday opened at S$ 12,002 which was the low of the day and was subsequently bid up to close at the high of 5512,047. In the London market, themetal opened at U*****,70/90 and due to good buying support in Hongkong, the metal was bid up182 words
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Article68 1977-09-27 8 LONDON, Mon. Sliver closed the morning with gains of 0.7 to 1.2 pence per troy ounce. Strength In gold and the bullion dealers' fix were the main supporting factors on a market lacking significant fresh trading Interest, dealers said. Three Months traded up to 268 pence on the premarket68 words
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Article49 1977-09-27 8 LONDON, Mon. Zinc eased by £4.25 for cash and £3.75 for Three Months In the morning after giving ground under hedge-selling following the downturn In copper. Three Months traded down to £295 In the ring compared with a high on the pre-market of £302. Sales were 2,875 tonnes.49 words
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Article74 1977-09-27 8 LONDON, Mon. Lead declined by mostly £1.50 per tonne In the morning. Values were very steady on the pre-market where Three Months traded up to £348 In sympathy with the general trend, dealers said. Subsequently, hedge sell- lng developed and Three Months traded down to £342.50 at the close.74 words
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519 1977-09-27 8 BAN FRANCISCO, Mon. The secretary general of the Inter-governmental Council of Copper Exporting Countries (Clpec) said recently he anticipated a small increase In copper prices In the fourth quarter due to seasonal factors, but did not see a significant price rise for the519 words
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913 1977-09-27 8 NEW YORK: No commodity exhibits so delicate a balance between supply and demand as cocoa, and this year Is no exception, much to the profit or regrets of many futures traders. When the spot September contract expires this Wednesday on the New York Cocoa913 words
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Article262 1977-09-27 8 WASHINGTON, Mon. The US Department of Agriculture forecast world rice production In the 1977/78 season at 349.0 million tonnes (paddy basis), down 1.0 million from its month earlier forecast but above the 339.7 million tonnes produced last season. In Its latest world grain situation report,262 words
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MONEY AND EXCHANGES
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Article535 1977-09-27 8 THE US dollar firmed slightly on the Singapore forex market yesterday on trading described by dealers as being dull and featureless. US dollar rates moved slightly higher over Friday's close on the expectation that trade figures soon to be released by the Americans will be no worse than last535 words
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Article36 1977-09-27 8 <* ACB( 7 |i, I*i 7 Bangkok Bank 7 HSBC i«t Hank of America 1ndosurz •>. 7 C>. Hank Negara OCBC Indonesia 7 CIl'B c>. C'« IVB 7 7 t'MBC 7 UBS 7 LOB 736 words
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Article154 1977-09-27 8 Asian rates ASIAN currency deposit interbank rate* u at dose on Sept 28 US Dalian (Spat) Offar Bid 7 days 1 mth 2 mthi 3 mthi 8 mthj 8 mthi 12 mtlu 6 7 18 615/16 63/4 07/8 7i/i .7 3/18 .71/4 8 5/18 813/18 8V* 83/4 7 71/16 71/t154 words
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Article48 1977-09-27 8 RANOE of price hntlMI Mi Qarit s offered by dlscoi 16' 1 if It' to 3*% 5-Month Treasury bills Oo«in« Buying Selltai 3 3/1# 31/16 >-Month Bank bills 47/> 43/4 i-Month CD 5 1/3 5 3/8 (-Month CD 5 11/16 5 6/16 Source: National Discount Co. Ltd.48 words
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Article49 1977-09-27 8 AUSTRALIA/NZ exchanges on Sept 26: AUSTRALIA: Steriln* #373/ 6305 W- Vl Ninety-day air mail buylnf rate* Sterling 8620 US dollar 1 1396 Ninety-day forward buying rate*: Sterling 6905 US dollar 1.0058 New Zealand: Sterling SUi 5535 US dollar 9141/ 94*1 Ninety-day forward rate: Sterling SMI U8 dollar M7749 words
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Article220 1977-09-27 8 LONDON, Mon. Sterling opened firmer while the dollar was generally steady against most currencies In moderate Initial business, dealers said. They said cautious approval for a go-ahead with modest stimulation for Britain's economy and remarks by IMF managing director Johannes Witteveen that Britain has had astonishing success with Its220 words
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Article151 1977-09-27 8 HONGKONG, Mon. The US dollar closed firmer in fairly active trading, after an easier opening, against the mark and Hongkong dollar, and remained steady against the Swiss franc, yen and sterling, dealers said. The US unit opened at DM 2.3240/50, below the 2.3245/56 New York close, but recovered to151 words
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Article93 1977-09-27 8 TOKYO, Mon. The US dollar for overnight delivery closed at 266.85 yen, down from a 266.90 opening but up from 266.65 at Thursday's close. After an initial rise reflecting higher federal fund rates, the US currency steadied on dollar buying to meet oil Import payment needs and overseas remittances93 words
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Article112 1977-09-27 8 Euro rates LONDON, Mon. Eurodollar deposit rates were little changed In light early trading, dealers said. The overnight rate eased by 1/8 point to 6-1/4, 8-1/8 per cent on a shortage of bid Interest while other day-to-day rates gave up 1/18 point where changed. Rollover business and Far Eastern interest112 words
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Article54 1977-09-27 8 FRANKFURT exchanges opening quotes U8 2 3255 OS on Sept 28: Can 2 1970/ 90 UK 4 063/ 083 NeUi M 30/ 40 Swlti M 70/ ao Italy 2.83/ M France 47 .18/ 28 Norw 42 20/ 28 Bel( (com i 6 485/ 490 Belc (fin) 8 48/ 4854 words
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Article320 1977-09-27 8 LONDON, Mon. Eurobonds traded little changed in quiet conditions with US issues mostly unlhanged, dealers said. opening quotes on Sept Straight* Bid Offer Austria 8*190 101 182 Bell Canada 8*4 88 104 1 ias'4 BFCE 8*4 83 101 101 v. Brazil 9*4 84 HS 100 4 Can Pacific 9320 words
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Advertisement159 1977-09-27 8 Don't let the language barrier stop you from wider contacts \PI !0 I t m vN \e^ I o° vfj^ S* V <S V 3* 3° O P \e 3 t W >> v«** e A &>/ r y YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while159 words
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TRANSPORT AND COMMUNICATIONS
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276 1977-09-27 9 SHIPS of the British merchant fleet the third largest In the world after Liberia and Japan last year earned a record £2,470 million (5510.5 billion). Overseas earnings accounted for £1,992 million of this. The figures released by the General Council of British Shipping show that276 words
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254 1977-09-27 9 NEW YORK, Mon. This week's introduction of a bargain-basement, US$236 (SssBo) round-trip air fare between New York and London gives consumers almost a dozen basic fares to choose from, and makes the Job of figuring out which one Is best even more difficult. The first254 words
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Article76 1977-09-27 9 PIONEER, the Japanese audio equipment manufacturer, recently introduced a new high performance stereo cassette receiver in Singapore, Malaysia, Thailand and Hongkong. The Pioneer CX-7000 combines an Integrated amplifier, FM/AM tuner and a front-loading cassette deck in one unit. The advantage of combining all these features in one piece76 words
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299 1977-09-27 9 OFFSHORE exploration is picking up, and business is improving for suppliers and industries associated with the industry, Mr. Seet Choo Chua, regional manager in Southeast Asia for Lincoln Australia, told Business Times. Lincoln Australia are the manufacturers of arc welding equipment and electrodes.299 words
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577 1977-09-27 9 KUALA LUMPUR, Mon. Malaysian Airlines System made a dramatic turnaround In the second half of Its last financial year ending March 31 to show a profit before taxation of M 51,106,331 almost double Its profit of $673,804 for the previous year. The national carrier577 words
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123 1977-09-27 9 A SINGAPORE company Sin tat Rent-a-Car has extended its International reservation facilities to the United Sates and Canada. In the US, reservations will be placed with Thrifty Car Rentals and In Canada with Tllden Car Rentals. Mr. K.E. Knoo, managing director of Sin tat123 words
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Article, Illustration324 1977-09-27 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Alexandr Vermlshev (0600 after Cygnus Pioneer) 45 Bunga Blndang (0600 after Kenlngau) 19 Palm Sea Horse (1100 P/O) 16 Prima King (1700 after Straat Clarence Sibonga hauls) 6/7 Sibonga (1100 hauls 32m East after Waheng) 10/11 Straat Clarence (hauls 40m East after Sibonga324 words
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368 1977-09-27 9 Reuter MANILA, Mon. Philippines ministers today called for the development of merchant shipping fleets among Asean members and Joint approaches to all shipping problems to beat rising freight costs on their trade. The calls came from Economic Planning Secretary Oerardo Slcat and TradeReuter - 368 words
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Article232 1977-09-27 9 WILLINE Is an Independent liner service that serves the Singapore/ Arabian Gulf trade. It Is owned by Wllh. Wllhelmsen of Oslo, which Is known worldwide for its cargoliner services. A special feature of Wllllne Is Its ability to discharge cargo onto barges on arrival In Kuwait without delay. This232 words
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658 1977-09-27 9 NYT WASHINGTON, Mon. Super-saver. Super-coach. Simple-saver. Peanuts fares. Wherever you turn, an airline Is trying to lure passengers on board with rock-bottom prices. The price-competition mlllenlum is here. Right? Wrong on all counts. Although a spate of welladvertised cut-rate fares have beenNYT - 658 words
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Article579 1977-09-27 9 ARRIVALS Service Local Operator Number Time From CAL CI331 0040 TPE/HKO/KUL CPA CX003 0145 HKG TMA TL303B 0215 BEY/DXB/ BOM/KUL MAS MH682 0810 KCH CAL CI 806 1000 HLP QIA OA980 1030 HLP SIA SQ211 1045 HLP OIA GA944 1055 PKU GIA GA908 1100 MES PAL PR501579 words
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Article271 1977-09-27 9 AP OOTEBORQ (Sweden), Mon. Bweden la opening a modern International airport to replace an outdated facility that has served the Scandinavian region for 54 years. The US$lOO million (***** million) "Landvetter" airport, built on a rocky plateau 150 metres above sea level, Is strategically situatedAP - 271 words
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Article79 1977-09-27 9 FINANCIAL Times and Waterlow, the "talking book" company, have produced taped cassette talks on a wide variety of subjects, prepared by experts In their own fields. This Is an Ideal way for the businessman to keep up to date with various developments while he Is driving relaxing79 words
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Advertisement47 1977-09-27 9 SEE THIS PAGE MERLION SHIPPING AGENCY PTE. LTD SPECIALISED SHIPPING SERVICES WORLD WIDE REEFER CHARTERS HEAVY LIFT RO-RO VESSELS OFF SHORE SUPPLIES SERVICES CREW ROSTER AND MANAGEMENT LINER SHIPPING SERVICES FOR MORE DETAILS RING *****44 OR CALL AT: 1101 B MARINA HOUSE 70 SHENTON WAY SINGAPORE 247 words
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Advertisement148 1977-09-27 9 ANL The Australian National Line /A NEW 7 11-DAY RO/R0 SERV ICE TO AUSTRALIA From October 1977, the Australian National Line, Australia's largest shipping organisation, will commence 11-day sailings between Brisbane, Sydney, Melbourne, Tasmania, Adelaide. Fremantle, Jakarta, Singapore, Port Kelang and Penang. They will also accept cargo from Bangkok by148 words
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1483 1977-09-27 10 MICHAEL DIXON - By MICHAEL DIXON FT WAS an occupational psychologist called Sam Smith who first cheered njte up about my failure to qualify as an accountant. "You are lucky to have fayed," he chortled after 6pttlng me through a ittery of aptitude and personality tests. "You've gotFT - 1,483 words
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4931 1977-09-27 10 KARA SINGH RAS - Letters to the editor KARA SINGH RAS PLEASE allow me space to comment on the article "Professional Responsibility and Auditing Standards" by Gan Tin Hua and Awther Singh (Business Times, Sept 5). There appears to be criticism of auditing standards and the audit function4,931 words
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1251 1977-09-27 10 S.P. NG - S.P. NG Registrar, Singapore Society of Accountants I AM authorised by the Council of the Singapore Society of Accountants to refer to the article entitled "Professional Responsibility and Auditing Standards" which appeared In your edition of Monday, Sept sth. It Is unfortunate that two1,251 words
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Advertisement55 1977-09-27 10 A V Zk- •'v ;,r SS^wwL* SKI V 7 .< <r P®s fZ 4- i^*SPB :r i' 'IP ~*w r V yV' fr-P. Peter Benchley 'Better than JAWS, ever escalating shocks' -TIME 'Cracking entertainment' -DAILY TELEGR.APH *Xs 'For the second time -the book you can t put down' -DAILY MAIL55 words
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255 1977-09-27 11 AFP COLOMBO, Mon A little Singapore in Sri Lanka, that is what Prime Minister J R. Jayewardene Is planning to create In an effort to revive Sri Lanka's ailing economy. He proposes the establishment of a free trade zone of 518 sq.AFP - 255 words
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Advertisement161 1977-09-27 11 CORPORATE ANNOUNCEMENTS CARRY MORE WEIGHT IN BUSINESS TIMES ?Sc^ri WVi^ U**!* umib A7 tO <* SiMQAirac, "X THTW* 4 JOStms «SJto A lNOt »«M T MAACN lfT7 Mo 1 a. <><*« 3£ss C«4* 4 Corral /M- W 5 sai V l#* II AP\ 1% A t O^ «d IM HMM161 words
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385 1977-09-27 12 AFP JAKARTA, Mon. An advanced study for the construction of a US$2 billion (554.88 billion) giant oil terminal in the straits of Lombok, east of Ball, is now being held by Japanese and Indonesian experts, Mining Ministry spokesman Har-' joko Seputro saidAFP - 385 words
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378 1977-09-27 12 NTUC Comfort has introduced yet another scheme to Improve the lot of Its taxi-operators. •Mr. C.V.Devan Nalr, secretary general of the Natlonal Trades Union Congress announced yesterday the Death and Permanent Disablement Benefit Scheme for operators, effective from Jan 1, 1978, which is fully378 words
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164 1977-09-27 12 HONGKONG, Mon. A national conference aimed at Improving banking management was held in Peking recently, Peking Radio reported today. Ll Hslen-nlen, one of the nation's leading financial experts, attended part of the conference, sponsored by the People's Bank of China. He said It was necessary164 words
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Article737 1977-09-27 12 LONDON, Mon. The stock market advanced over a broad front as buyers returned on prospects of a reflatlonary November Budget. Sharply Increased bank lending to Industry and the firmness of sterling also aided sentiment, dealers said. The Financial Times Index hart risen 16 points to 520.7 at 3737 words
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667 1977-09-27 12 Reuter HONGKONG, Mon. Hongkong's textile exports to the European Economic Community (EEC) could be cut back by between HKS4SO million and $1 billion (***** million and $500 million) a year If the EEC restricts 1978 quotas to 1976 performance levels, Industry sources saidReuter - 667 words
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Article687 1977-09-27 12 AFP Reuter CANBERRA, Mon. Australia's Reserve Bank is Involved In widespread speculation in Australian banking and business circles on the viability of the present exchange rate of the Australian dollar. The bank's confidential advice to the Australian government was leaked to the Australian news media. TheAFP; Reuter - 687 words
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Article, Illustration354 1977-09-27 12 A TOURIST destination can be really successful If It has the "five As". These stand for attractions, access, accomodation, activities and amenities, said Dr. Sharron Dlckman, senior lecturer In marketing and international tourism at Footscray Institute of Technology In Victoria, Australia.354 words
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162 1977-09-27 12 MORE than 100 local manufacturers are supplyIn g a wide range of electronic components and products to ITT (International Telephone and Telegraph Corporation) companies In the US, Europe and Australia. Purchases for this year will reach <5 million, increasing to about S2S million In162 words
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153 1977-09-27 12 Reuter LQNDON, Mon. The shipowners of Europe and /•pan today attacked a United States plan to reserve some of Its Imported oil cargoes for Its own vessels. They linked up with their customers to issue a declaration here today reflecting fears that theReuter - 153 words
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247 1977-09-27 12 Reuter SYDNEY, Mob. The Australian government is seeking to stop up production of locally-produced clothing, (botwaar and taxtiles, Productivity Minister lan McPhee said. Prime Minister Malcolm Fraser, anxious to stem further unemployment in the apparel industries and determined to maintain protective tradeReuter - 247 words
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Article178 1977-09-27 12 AP BIRMINGHAM, Mon. Detectives are Investigating the theft of almost £1 million (554.26 million) worth of silver bullion from a Birmingham firm. The loss of nearly 700 silver bars, valued at £1,500 each, was discovered when some of the stolen bars were offered back toAP - 178 words
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571 1977-09-27 12 A $6 MILLION foreign venture to manufacture plastic marine buoys and other marine equipment la all geared up to start production in Singapore In early December. This Is Scan float (Singapore) Pte. Ltd., Incorporated In January this year, which will In the571 words
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669 1977-09-27 12 AP LONDON Mon. Colombia, the world's second largest coffee growing nation, urged fellow producers today to bring coffee prices back to levels the man-In the-street can afford. In a surprise move at the annual meeting of the Council of the International Coffee OrganizationAP - 669 words
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Article81 1977-09-27 12 TOKYO, Mon. Two more shiploads of Australian raw sugar totalling 21,000 tonnes arrived at Yokohama near here today to add to 10 shiploads totalling 145,000 tonnes already stranded at the port. Industry sources said. Japanese refiners, who have started a new round of talks with CSR Ltd,81 words
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Advertisement142 1977-09-27 12 INVESTMENT SEMINARS Presented by the five ASEAN governments Machine Asia, the region's first production engineering trade show with 400 exhibitors from 20 countries is hosting a programme of high level seminars led at ministerial level by official delegations from all ASEAN countries. Subjects include: National industrial development plans; National investment142 words
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