The Business Times, 28 September 1977
1977-09-28
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The Business Times
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Title Section10 1977-09-28 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, SEPTEMBER 28, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article95 1977-09-28 1 Reuter KUALA LUMPUR, Tues. A Japan Airline (JAL) DC-8 airliner with 69 passengers and 10 crew aboard crashed when coming In to land at Subang airport. 1 ne airliner crashed 25 kms north of the airport 20 minutes after it was due to land on a flight fromReuter - 95 words
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Article55 1977-09-28 1 AP WASHINGTON, Tues. Prime Minister Datuk Hussein Onn of Malaysia told President Carter today that Malaysia's balance of trade is "very good but at the moment uncertain." The president remarked to his visitor, "Well, you've got a great country. It's very prosperous. It's growing well. And itAP - 55 words
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Article73 1977-09-28 1 Reuter NEW DELHI, Tues. West German bankers have offered to provide US$l,OOO million (552,444 million) for industrial investment in India in the next two years, Industries Minister George Fernandes said here today. Mr. Fernandes did not specify the banks, but said the offer should be seen asReuter - 73 words
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Article76 1977-09-28 1 Reuter MANILA. Tues. Australia and the Philippines are undertaking a joint study on the possibility of improving access for Philippine goods to the Australian market, Australian Ambassador Gerald Nutter said today. Mr. Nutter said that at present 27 per cent of Philippine products entering Australia faced no tariffsReuter - 76 words
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Article45 1977-09-28 1 NEW DELHI, Tues. Bank and insurance employees throughout India stopped work today to demand higher pay scales and bonus payments, affecting banking transactions in many cities. The one-day token strike, undertaken by hundreds of thousands of employees, was organised by associations representing them.45 words
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Article36 1977-09-28 1 Reuter KARACHI. Tues. Fakistan's state bank said it has fixed a ceiling of 12.5 per cent for annual interest charged on loans for fixed investment. It said this is to encourage industrial investment.Reuter - 36 words
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Article74 1977-09-28 1 UPI NEW YORK, Tues. Stocks were slightly higher early today, as investors tried to sustain a bluechip rally for a second day. Trading was fairly active. The Dow Jones Industrial average, which rallied to gain 2.51 points yesterday was ahead 0.18 point to 841.83 shortly before 11 a.m.UPI - 74 words
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Chief Price Changes
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Article, Illustration180 1977-09-28 1 TRADING was reduced to a snail's pace in a generally easier Stock Exchange of Singapore yesterday. Conditions were particularly depressed in the morning but improved shortly after noon. balance, most shares finished on a mixed note. The Business Times index rose 1.32 points to 421.67 while the180 words
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Article112 1977-09-28 1 Falls Most active A. Hi tarn 9 30 -.15 Olympla 164,000 AJcom 1.76 -.10 O. Ceramics 118.000 Hi *1x1 Lo 1.83 -.10 Fusan 117,000 S. Trading 5.55 -.10 M Weaving 87,000 Pelalini Coaeol Pit Hone Leon, 6.15 4.18 C 2.46 -.10 -.08 -.06 Total Turnover: 1.77 M112 words
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Article1687 1977-09-28 1 QUEK PECK LIM - BUMPER FINAL DIVIDEND By QUEK PECK LIM SIME DARBY Holdings yesterday Justified the market's expectations by turning in record results with profits, turnover and assets at levels close to all time bighs. And after having achieved so much, the new chairman. Tun Tan Slew Sin,1,687 words
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789 1977-09-28 1 THE time is coming when i Job-hopping will not pay and will be Impossible. The operative word then will be Job-squatting, that Is keeping your Jobs, warned Mr. C.V. Devan Nalr, secretary general of the National Trades Union Congress. Mr. Nalr. speaking at the Bth annual789 words
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146 1977-09-28 1 AP WASHINGTON, Tues. British Chancellor of the Exchequer Denis Healey said today that his country's financial position "has been transformed in the last nine months." "We have, in fact, established the financial conditions for a steady improvement in our economic performance," he said. In an addressAP - 146 words
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Article117 1977-09-28 1 THE Prim* Minister will visit Cauda from Oct 1 4 at the invitation of Canadian Prime Minister Pierre Trudeau. They will discuss international economic and political issues. Mr. Lee will go om from there to Washington from Oct 4 11. There he will meet President Carter,117 words
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327 1977-09-28 1 KEPPEL Shipyard is now the leading individual borrower on the Asian Dollar Market as well as being the first Singapore company to make an issue in this market solely on the strength of its own credit rating. These facts were highlighted yesterday327 words
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674 1977-09-28 1 THE threatened rise In the price of soft drinks has been postponed yet again. The decision was taken at a meeting between the bot- tiers, the Consumers' AssoI elation of Singapore, and the Department of Trade yesterday. A Trade Department ofi ficial674 words
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Page 1 Advertisements
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Advertisement256 1977-09-28 1 Gas has got a f flame r^fSpr TAGODTA Olivetti a■• i •a The Lexikon 90 combines the advantages of the golf ball and the ordinary typewriter Lexikon 90 offers you (he best of the golf ball and fixed typing point machines The new Olivetti Lexikon 90 is the first electric256 words
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OVERSEAS
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659 1977-09-28 2 AP LONDON, Tues. Under pressure from a group of coffee-growing countries led by El Salvador, the executive board of the International Coffee Organisation (ICO) last night requested Its secretariat to have a second look at its production estimates for the 1977-78 coffee year, conference sourcesAP - 659 words
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Article320 1977-09-28 2 Reuter WASHINGTON, Tues. A US team of wheat marketing specialists that visited 10 Asian nations last spring reported markets there are expected to expand during the next five years. Foreign Agriculture, a publication of the US Agriculture Department, said Sri Lanka was one of theReuter - 320 words
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443 1977-09-28 2 REFLATIONARY MEASURES Reuter WASHINGTON, Tues. The world's highest economic councils today faced the key question of which nations could afford to answer a call to expand their economies to help recovery from global recession. At the opening session of the International Monetary FundReuter - 443 words
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Article, Illustration184 1977-09-28 2 Reuter LONDON, Tues. UK Chancellor of the Exchequer Denis Healey (above) confirmed reports he may cut tax and take other action to stimulate the British economy later this year. In a BBC radio interview, Mr. Healey, who is in Washington for the IMF annualReuter - 184 words
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Article198 1977-09-28 2 UPI WASHINGTON, Tues. Irish Finance Minister George Colley said yesterday member nations have increased their loan demands from the International Monetary Fund and World Bank group by 400 per cent In the past four fiscal years. Mr. Colley, chairman of the 32nd Joint AnnualUPI - 198 words
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519 1977-09-28 2 AP GENEVA, Tues. Disagreement among sugar exporting countries over basic export tonnages is holding up the Geneva talks for a new world sugar trade agreement, US Ambassador Julius Katz said yesterday. The talks, scheduled to end on Friday, are slowly getting into timeAP - 519 words
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346 1977-09-28 2 Reuter ZURICH, Tues. Manufacturers Hanover Trust Co. International economist William Schwarz said he now expects the US will have a trade deficit of some US$26 to $28 billion (5563.44 to $68.32 billion) this year compared with an earlier estimate of $22 billion. ThisReuter - 346 words
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183 1977-09-28 2 UPI WASHINGTON, Tues. President Carter said yesterday the United States is prepared to increase assistance to developing countries through international financial institutions. "All this will take time," Mr. Carter told delegates at the opening of the joint annual meeting of the WorldUPI - 183 words
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165 1977-09-28 2 Reuter WASHINGTON. Tues. South Korean Finance Minister Kim Yong-hwan yesterday urged industrial nations not to Impose new trade barriers on goods from developing countries. "The first priority for us all must surely be to create an international climate In which developing countries canReuter - 165 words
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557 1977-09-28 2 UPI Reuter ZURICH, Tues. Switzerland took action early today against speculation In the Swiss franc which has pushed the currency up to record heights against other currencies such as the US dollar, sterling and French franc. In an announcement before the openingUPI; Reuter - 557 words
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245 1977-09-28 2 Reuter FRANKFURT, Tuts. The Bundesbank, in a move to improve its control of mark movements on foreign exchanges, is tightening up arrangements for conversion into foreign currencies of mark loans to foreigners, senior banking sources said. In recent weeks, the Central Bank informally told majorReuter - 245 words
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Article124 1977-09-28 2 AFP SYDNEY, Tues. Mining magnate, Land Hancock says Australia has missed out on the great uranium bonanza. Mr. Hancock said here he did not expect Australia to export any more uranium after existing contracts have been fulfilled "because it is too late for development andAFP - 124 words
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Article46 1977-09-28 2 Reuter THE HAGUE, Tues. Holland had a visible trade deficit of 493 million guilders (Ss4BB million) in July compared with a deficit of 904 million in June and a surplus of 155 million in July 1976, according to provisional Central Statistics Office figures. Reuter.Reuter - 46 words
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Article207 1977-09-28 2 Reuter WASHINGTON, Tues. Japanese Finance Minister Hideo Boh said here the Japanese authorities let market forces determine the yen level, intervening only to smooth out shortterm disruptive movements. "Our policies and practices are completely consistent with the principles incorporated In the IMF's surveillance over exchange rateReuter - 207 words
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Article194 1977-09-28 3 Reuter PRETORIA, Tues. South Africa's Foreign Minister Plk Botha yesterday attacked, a new European Common Market (EEC) code aimed at abolishing segregation and improving the conditions of Africans working for EEC companies in South Africa. Mr. Botha In a statement objected to the "highReuter - 194 words
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128 1977-09-28 3 UPI JOHANNESBURG, Tues. South African Prime Minister John Vorster yesterday told American businessmen the two countries were "drifting apart." "The United States has decided to hammer us because of our alleged illtreatment of blacks," Mr. Vorster said, but the United States had its ownUPI - 128 words
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Article105 1977-09-28 3 AP NEW YORK. Tues. ConsoTldated Edison Co. narrowly avoided a replay of last July's system-wide blackout yesterday after a three-kilometre line of thunder-storms knocked out transmission tines and generating stations supplyins 40 per cent of the utility's power. Power was cut throughout the metropolitan area byAP - 105 words
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432 1977-09-28 3 NO GENERAL CALL YET Reuter WASHINGTON, Tues. The possibilities for reflation are limited and exist In only a relatively few countries, US Treasury officials said. The global economy has got to stick to the course set in Manila and there has not been a general callReuter - 432 words
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198 1977-09-28 3 Reuter TORONTO, Tues. A bank economist uid today the Canadian mining industry wai suffering from a government preference for new manufacturing enterprises, and that expansion of mineral exploitation reC'res improved profits for industry. Economist R. W. Baguley of the Royal Bank of Canada toldReuter - 198 words
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464 1977-09-28 3 NYT WASHINGTON, Tues. The nation's three top bank regulators said yesterday that if they were managing a bank they would have no qualms about hiring former Budget Director Bert Lance, despite his previous banking difficulties. The regulators made their comments on theNYT - 464 words
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162 1977-09-28 3 AP WASHINGTON Tues. Nearly two-thirds of the banks examined in a new US government survey allow their directors and other insiders to write interestfree overdrafts on their accounts. Mr. Bert Lance, who last week resigned under fire as Director of the Office of Management andAP - 162 words
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Article128 1977-09-28 3 Reuter LONDON, Tues. European Commission President Roy Jenkins today forecast greater emphasis on consumer demands as a way of reducing surplus food "mountains" and drink "lakes." Mr. Jenkins said here that the EEC must not in future fall into the trap of "starting from the premise thatReuter - 128 words
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332 1977-09-28 3 NYT NEW YORK, Tues. Asserting that New York City still faces a crippling lack of Investor confidence In Its finances, city comptroller Harrison Goldln has proposed drastic steps some of them likely to provoke controversy to restore full city access to the publicNYT - 332 words
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Article108 1977-09-28 3 AP AMES (IOWA), Tues. A one-tonne iceberg will be flown to the lowa State University campus on Friday as part of the first International conference on iceberg utilisation, officials said today. The Iceberg is being flown In as a demonstration. The purpose of theAP - 108 words
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478 1977-09-28 3 Reuter AFP WASHINGTON, Tues. The smaller industrial nations have been forced to take too high a share of the industrial world's deficit, Swedish Economic Affairs Minister Oosta Bohman said. He told the World Bank/ IMF annual meeting the burden of adjustment InReuter; AFP - 478 words
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Article124 1977-09-28 3 AFP WASHINGTON, Tues. Finance ministers of the Organisation of Petroleum Exporting Countries (Opec) will be holding a separate meeting today on the second day of the week-long monetary and financial talks here, reliable sources said. The ministers will meet tonight for "informal" talks,AFP - 124 words
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Article166 1977-09-28 3 AP WASHINGTON, Tues. "West Germany's tireless exporters have new feathers In their caps," now exporting about as much to the Arab world as to America, says US News and World Report. "They are proving that a country dependent on oil from the Arab world needAP - 166 words
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Article88 1977-09-28 3 Reuter NEW YORK. Tues. All 345 seats were filled when the DC-10 that inaugurated Laker Airways' low-cost i Skv'rain flights between I the United States and Britain took off last night on the return trip to London. All seats were sold well ahead of time at US$l35Reuter - 88 words
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514 1977-09-28 3 AP ISTANBUL, Tues. All Attiga, secretary general of the Organisation of Arab Petroleum Exporting Countries (Oapec), sa>s the situation in the Middle East Is deteriorating and there Is a danger of a "shooting war" within the next six months. If this happens, heAP - 514 words
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Article114 1977-09-28 3 AFP HONGKONG, Tues. London-based financier Michael Birrane has informed the Securities Commissioner here that a statement w ill soon be issued on the affairs of Madison Securities of which he is chairman. A director of the company will also be coming to Hongkong from London, itAFP - 114 words
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Page 2 Advertisements
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Advertisement98 1977-09-28 2 PACIFIC CRUISE 1978 on QUEEN ELIZABETH 2 tiWiCunard s fabulous QE2 returns early next year to give you the most fascinating voyage around the Great Pacific. Nearly 30 exciting ports of call await you for the complete cruise. Or, choose your mode of travel from our wide variety of fly/cruise98 words
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Advertisement0 1977-09-28 2 +}(*^!<--[&(|}=^%&{/<+@$}\\..@~0 words
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Page 2 Miscellaneous
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Miscellaneous329 1977-09-28 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Sept 27 at Singapore airport. Maximum Temperature 30.6° C Associated Humidity 72 Minimum Temperature 23.7° C Associated Humidity 98 Hours of Sunshine 3.50 Rainfall in Millimetres 7.8 Total Rainfall for the Month 182.1 Total Rainy Days for the329 words
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Page 3 Advertisements
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Advertisement213 1977-09-28 3 llKSMlflliatifi 71$ If* V )t ri \m¥ m "li r -c R&HSsis mZzi n Uu .rzrrrsr: nn H ft n nn lIU u 1 > 4 a 1* The Biggest Difference Is In The Bill All the good things you expect await you at the Tradewinds Manila. A large-sized swimming213 words
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Page 3 Miscellaneous
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Miscellaneous610 1977-09-28 3 TWO-IN-ONE CROSSWORDS DOWN 1 Cuts the ball to pieces? (6) 23 124 CRYPTIC PUZZLE ACROSS 1 Uncongenial surroundings! ,81 actor's new appearance (*M) She's outstanding In history and geography (4) M small talk II A scalamvlaed on the Contlnent (V) 14 Listening figure? (3) 14 Damages of course (5) IT610 words
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COMPANY NEWS
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533 1977-09-28 4 IMPROVED cost efficiency has enabled National Iron and Steel Mills to post satisfactory earnings growth for the first half of the current year ending Dec 31, 1977. Group pre-tax profit rose 13.3 per cent to $6.11 million during the January-June period despite only533 words
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Article78 1977-09-28 4 FFB Oil Kernel Tons Tons Tons Austral Enterprise.. 984.00 155.00 Ayer Molek Rubber 101.514 Benta Plantations 5,525 1,105.00 221.00 Bukit Katil Rubber 512.44 Castlefield 149.15 29.83 Consolidated Plantations 49,020 9,804.00 1,961 Dunlop Estates 3,109.00 691.00 Golden Hope 3,766.35 820.80 Guthrie Ropel 1,466.00 352.00 Inch Kenneth Kajang78 words
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LATEST RESULTS
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Article50 1977-09-28 4 Group pre-tax profit M 55.97 million ($1.91 million) for the year ended June 30, 1977. Turnover $25.88 million ($6.78 million). Attributable profit $1.29 million ($1.14 million) after tax of $3.83 million ($770,000), minority interest of $72,000 (nil) and extraordinary expenses $781,000 (nil). Final dividend 10 per cent (nil).50 words
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Article25 1977-09-28 4 Sin Heng Chan Unaudited pre-tax profit M 52.53 million ($2.42 million) for the first half year ended June 30, 1977. Sales $26.19 million ($19.53 million).25 words
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Article31 1977-09-28 4 Allied Chocolate Industries Unaudited group pre-tax profit $912,000 (loss $102,000) for the first six months ended June 30, 1977. Turnover $10.11 million ($7.15 million). Parent company pre-tax profit $811,000 (loss $18,000).31 words
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Article20 1977-09-28 4 Hotel Negara Unaudited pre-tax loss $92,576 ($3,886) for the first half-year ended June 30, 1977. Sales $1.05 million ($1.12 million).20 words
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Article257 1977-09-28 4 APPARENTLY. Setron's export drive and rationalisation programme have paid off Judging by Its latest Interim report. For the six months ended June 30, 1977, unaudited group pretax profit rose 9.7 per cent to $2.12 million. Group pre-tax profit before minority Interests was even more257 words
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COMPANY MEETINGS
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Article24 1977-09-28 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 1977-09-28 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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393 1977-09-28 4 RESULTS for Tan Chong Motors Holdings for the first half-year ended June 30, 1977 showed the group making an Invigorating recovery after last year's disappointing performance, holding out good prospects that the current year will be at the highest level since the group393 words
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257 1977-09-28 4 REFLECTING the depressed state of the local property market, twin companies, Town and City Properties and Central Properties appear to have weaned themselves off Income from property development, at least for the time being. Although the two companies have declared that257 words
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279 1977-09-28 4 AS IN the last financial year, the twin effects of Increased crops and high rubber prices have helped Mentakab Rubber, (Malaya) to turn In an Improved level of earnings for the first six months ended June 30 1977. Pre-tax profit more than doubled to M279 words
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Article507 1977-09-28 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 30507 words
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714 1977-09-28 4 NEW YORK, Tues. Frozen orange Juice concentrate has suddenly become the hottest commodity traded In the futures market. Not only did prices reach an historic high last week, but so did the open Interest or number of outstanding contracts available for trading. Although prices of714 words
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Article1266 1977-09-28 4 On Sept 26 TRADING in options on the Chicago Board Options Exchange came to 101,620 contracts on Monday, compared with 81,252 contracts last Friday. OPTION OCT JAN APL STOCK Alcoa 4S 1/S 11/4 2 415/8 Alcoa SO UNTRD 3/16 5/8 415/8 Alcoa 00 UNTRD 1/16 l/M 415/81,266 words
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329 1977-09-28 4 ALTHOUGH palm oil still accounts for a small part of the total output at Kundong Tanjong Pau, Its soaring price earlier this year coupled with rising output were the chief reasons for the company's improved performance in the first half-year ended June 30, 1977.329 words
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Page 4 Advertisements
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Advertisement147 1977-09-28 4 SINGAPORE business RE mess 1977 PRICE $300 27, index T*o-Year Cumulative lAANUFACTUR»#» Contectionery OOj^MONICATtOWS Air Salety FINANCE Gold WVtSTMENT jirtno Enterprises tourism Asean Trave Lift AT THE TO* Joseph Nanhosieen TRENOS Heading 'ck Anomer Recession Trends m S">«aP of Economic indicators Commodity Markets Jf I y i ',/;A fTOCK MARKET147 words
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INTERNATIONAL COMPANY NEWS
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721 1977-09-28 5 EUROPEAN COMPANIES FT PARIS. Tues. The threeyear crisis at the synthetic fibres division of the French chemicals group RhonePoulenc has finally come to a head. Faced with losses which for three successive years will have exceeded the company's 350 million franc capital, shareholders haveFT - 721 words
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Article78 1977-09-28 5 Reuter LONDON, Tues. Three Yugoslav banks are raising jointly US$9O million for five and a half years from a group of international banks led by Citicorp International Bank, informed Eurocurrency banking sources here said. The banks, LJubljanska Banka. Stopanska Banka and Investiciona Banka Titograd, are borrowingReuter - 78 words
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Article75 1977-09-28 5 Reuter LONDON. Tues. Rockware group said it has withdrawn its offer for the Issued share capital of Redfearn National Glass. KocKware said in a statement this follows the decision by the Secretary of State for Price and Consumer Protection to refer its offer for Red fearn toReuter - 75 words
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Article30 1977-09-28 5 Reuter ZURICH. Tues. The forthcoming 100 million franc s*« per cent 10 year bond issue scheduled by Petroleos Mexlcanos has been priced at par, primary market sources said.Reuter - 30 words
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182 1977-09-28 5 Reuter LONDON, Tues. Hamilton Brothers Oil and Gas said Well 30/ 24-8 on the west flank of the North Sea Argyll Field tested oil at the rate of 5,000 barrels per day. Plans are being finalised to hook the well up toReuter - 182 words
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124 1977-09-28 5 Reuter BONN, Tues. The West German Government ex- s pects speedy and intensive talks between Verelnlgte Flugtechnlsche Werke-Fok- ker GMBH and Messer- schmidt Boelkow-Blohm GMBH (MBB) aimed at finding a solution to the aircraft industry's structural problems, Martin Gruener, state secretary and aerospace coordinator atReuter - 124 words
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Article64 1977-09-28 5 Reuter NEW YORK, Tues. An offering of US$75 million of European Investment Bank (EIB) seven-year per cent notes was priced at 99 3 to yield 7.80 per cent. First Boston Corp said as leader of the underwriting syndicate. A *100 million issue of EIB 15-year 8HReuter - 64 words
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129 1977-09-28 5 Reuter FRANKFURT, Tues. Borrowings on the mark foreign loan market next month are expected to total about 1.3 billion marks against the expected September total of around 1.4 billion, bond market sources said. They were reporting on results of yesterday's meeting of theReuter - 129 words
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Article114 1977-09-28 5 Reuter ROME, Tues. Enel, the state electricity utility, Is putting final touches to plans for a US$lOO million, five-year Eurobond Issue expected to be made shortly, Industry sources said. The bond is expected to have a coupon not higher than eight per cent, andReuter - 114 words
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Article72 1977-09-28 5 Reuter HANOVER, Tues. Continental Gumml-Werke and Phoenix Gumml-Werke have agreed on their Joint aims when merged under the future holding company Corona Deutsche Kauntschuk, Contl managing board chairman Carl Hahn said. He said the merger plan, which he termed a breakthrough, will not Involve plant closures.Reuter - 72 words
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Article63 1977-09-28 5 Reuter BERLIN, Tues A meeting originally set for Friday between representatives of Corona Betelllgungsgesellschaft and the federal cartel office has-been postponed, a cartel office spokesman said. No date has been set for a new meeting. The meeting was arranged to discuss the planned merger of Continental OummlReuter - 63 words
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Article38 1977-09-28 5 Reuter AMSTERDAM. Tues. Pierson, Heldrlng En Plerson NV said Its 60 million guilder 7 1/2 per cent debenture loan, due 1978/ 87 and priced at 99 per cent was heavily oversubscribed and allocations will be much reduced.Reuter - 38 words
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783 1977-09-28 5 NYT NEW YORK: On Sept 21. 1976. the post-1974 bull market recorded Its closing peak at 1,014.79, as measured by the Dow Jones industrial average. Exactly one year later, the bluechip Dow had si>nk to 840.96. For the owners of steel, chemical, paperNYT - 783 words
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488 1977-09-28 5 ASIAN COMPANIES Reuter MELBOURNE, Tues. The retroactive increase in Australian company tax to 56 per cent from 42 1/2 per cent announced in the August budget reduced Broken Hill Pty's attributable profit for the year ended May 31, 1977 to U5551.78 million fromReuter - 488 words
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Article150 1977-09-28 5 TAIPEI, Tues. Taiwan is now self-sufficient in electronic telephone switching production, said Vice Minister of Communications, Mr. T.K. Chu in ceremonies marking the opening of the country's first Metaconta lOC exchange In Talchung, held at the Talsel plant. The Talsel (Taiwan International Standard Electronics Ltd.) plant Is150 words
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Article110 1977-09-28 5 NipponSomisa knowhow contract AFP TOKYO, Tues. The world's largest steelmaker Nippon Steel Corp (NSC) has signed a contract with Argentina's state-run steelmaker Somlsa for technical and knowhow cooperation. A NSC spokesman said that the contract called for NSC to work out a master plan In connection with the Argentine steelmaker'sAFP - 110 words
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Article113 1977-09-28 5 Reuter TOKYO, Tues. Mitsubishi Corp and Mitsui and Co said they have concluded a Joint contract to supply Nam Hae Chemical Corp of South Korea with 200,000 tonnes of sulphur a year over a five-year period beginning this year. The two trading houses declined to disclose theReuter - 113 words
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Article157 1977-09-28 5 AFP TOKYO, Tues. Japan's second largest heavy machinery maker Ishlkawajlma Harlma Heavy Industries (IHI) Ims won an order from South Korea's top steelmaker Pohang Iron Steel for a blast furnace, Industrial sources reported yesterday. The furnace Is to be Imported by the Korean steel makerAFP - 157 words
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Article96 1977-09-28 5 Reuter TOKYO, Tues. A syndicate of Japanese and US banks signed a contract to supply a US$2O million loan to the electricity generating authority of Thailand for construction of a hydro-electric power plant at Pattanl, southern Thailand, the Bank of Tokyo said as lead manager. TheReuter - 96 words
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Article33 1977-09-28 5 Reuter MANILA, Tues. Phllex Mining Corp said It will take a 25 per cent stake In Armco-Marsteel Alloy Corp for 45 million pesos to be paid in four annual instalments. Reuter.Reuter - 33 words
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447 1977-09-28 5 FT JOHANNESBURG, Tues. Figures monitored for 167 quoted South African companies whose results have been published so far this calendar year effectively those whose financial years have ended between Dec 31, 1976, and June 30, 1977 show that profits in the aggregate have risenFT - 447 words
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Article117 1977-09-28 5 TEL AVIV, Tues. American Israel Paper Mills, one of Israel's largest Industrial concerns, Intends to turn to the public with an Issue equivalent to US$7 million. The company Israel's only paper producer had a relatively poor year in 1976 due to the running In of Its fourth117 words
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Article80 1977-09-28 5 Reuter TOKYO, Tues. The World Bank and the Government of Venezuela plan to make a 50 billion yen bond Issue and a 20 billion-yen bond issue respectively on the Japanese capital market In December. Yamalchl Securities said as lead manager. Nomura Securities said the GovernmentReuter - 80 words
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Article172 1977-09-28 5 Reuter WASHINGTON, Tues. The US Securities and Exchange Comisslon Is considering a formal ban on new options listing until It can complete an investigation of options trading regulations, commission sources said. The SEC informally asked the exchanges to place a moratorium on options listingsReuter - 172 words
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Page 5 Advertisements
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Advertisement387 1977-09-28 5 g LM 9 m with i s Tm Hl'o Sy^op ICON THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built387 words
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Article2273 1977-09-28 6 1*77 High Low Coapuy Laat Sale +orGr'i div Div e'vr Gr'» yld Nat P/E Vol Day C000) High Low SECTION ONE INDUSTRIALS 154 204 116 238 88* 198* 169 224 414 171 136 172 58 212 57* 155 152 182 350 145 Acma Alcom Allied Choc Bata2,273 words
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Article1209 1977-09-28 6 BID and otter prices 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' quoted after the word "Sett." Bit Board deals1,209 words
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Article1178 1977-09-28 6 BID and offei prices officially listed and business In and reported to the Kuala Lumpur Stork Exchange yesterday with the number of shares traded shown In brackets In lots of 1 000 units unless otherwise specified INDUSTRIAL* Atma (l.UB), Al—m (1.768 1.788) (2) 1.78. (1) 1.78. A.1,178 words
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Article83 1977-09-28 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. C and C (Dec $1.90) (0.405). DBS (Dec 53.60) (0.108 0.405). Inchcape (Sept $2.40) (0.095).83 words
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Article147 1977-09-28 6 SINGAPORE UNIT TRUST INCOME BOND UNIT < Manager*' prion for Stfl 28) (Current pri oea) The Commerce 173 1.83 INCOME BOND 1.07 1.13 The Saving Fund 1.02 1.08 MARA BUMIPUTRA FUND S pore Prog Fund 0.82 0.87dx <Manager*' price* for Sent 28) S pore Security 1.53 1.82 First147 words
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Article115 1977-09-28 6 B O T 8 1/2% 1981 (100,000) (103HB 103*8) (1) 103* B O T 7 5/8% 1984 (100,000) (98%8 98*S) Credit Lvonnaia Floating 1963 (100,000) (98*B 98*8) DBS Convert* 6 1/2% 1991 (100,000) (978 97*8) D B 8 8 1/2% 1982 (100.000) (lOl'/tB 102S) E I 89% 1982 (100,000)115 words
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Advertisement176 1977-09-28 6 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who176 words
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Article, Illustration609 1977-09-28 7 TRADING wu reduced to a •nail's pace in a generally easier Slock Exchange of Singapore yesterday. Conditions were particularly depressed during the morning session when most of the selling orders carried over from the previous day were executed, resulting in many shares hitting new lows. This was609 words
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Article438 1977-09-28 7 SOME selective buying Interest pushed prices higher on the Kuala Lumpur Stock Exchange yesterday. But gains, on balance, were mostly marginal with volume on the low side. After an erratic start, which saw values wavering around Monday's closing levels, some support from covering and bargain hunting438 words
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INTERNATIONAL STOCK MARKETS
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Article346 1977-09-28 7 HONOKONO: The market closed mixed In fairly quiet trading on Tuesday, dealers said. The Hang Seng Index closed at 417.08 points, up 1.98. Heagkeag Baak rose 20 to HKBIT9O, Tl—gkiwg Land and Swire Pacific five cents each to $6.70 and $6.20 respectively, while Jartttae Math—i fell 20 to $13.90,346 words
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Article469 1977-09-28 7 TOKYO: Share prices closed higher In limited trading on Tuesday, dealers said. w The Dow Jones average rose 25.23 to close at 5.185.00 with volume 180 million shares. The New Index closed at 385.72, up 0.57. Export orientated vehicles, cameras and some electrlcals rose, despite the record US trade469 words
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Article430 1977-09-28 7 SYDNEY: The market continued lower on Tuesday on uncertainties over the Australian dollar exchange rate, stagnant Industrial output and lack of interest In Australian shares In the London market, dealers said. The Sydney All-Ordlnarles rose 4.03 points to close at 432.01. BHP fell 14 to A 55.24 and banks430 words
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Article151 1977-09-28 7 MANILA: The market closed mixed on Tuesday, with oils advancing slightly, while mining declined fractionally and commercials were unchanged, dealers said. Turnover fell to 10.87 million pesos from Monday's 12.50 million. Atlas and Philm lost two and one points respectively, while other mining Issues were also lower. In oils,151 words
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Article107 1977-09-28 7 SEPT n Bahts AMt Fibre 17B +3 Bangkok Bank 379 unci) Bangkok Invest. 200 ♦4 Bangkok-Metro-politan Bank Bat* 705 Berll Jucker 442 +0 CharoongThal Wire 200 .♦II Dutnex Duslt Thanl Faber Merlin First Trust 173 Oenera Finance 203 12 Indo-ThaJ Industrial Finance Corp 1306 unch J And J Ho107 words
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Article273 1977-09-28 7 AMSTERDAM: The market was mixed In quiet trading on Monday, with Dutch Internationals generally firmer although Heagovens closed 0.30 guilders lower. Elsewhere, transport and Insurances were firmer. Banks, trading and Industrial stocks fell. State loans were little changed. SEPT X FU Ahold M 00 unch Akxo 26 40 +0.5273 words
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Article154 1977-09-28 7 BRUSSELS: Most Belgian shares fell In quiet trading on Monday, bourse sources said. Clabecq, ACEC, Solvay and Andre Dumont rose, but Asturienne, Viellle Montagne, Cocke rill, Hainaut Sambre, UCB, Teaaenderlo, Conetra and Arbod all fell. In foreign stocks, UK, German ana French rose, but Dutch, US and golds were154 words
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Article280 1977-09-28 7 FRANKFURT: Shares lost ground In dull trading on Monday, mainly on professional selling, dealers said. Most leading shares fell up to 1.50 marks, although Dafaakr fell five marks and few 2.40. Public authority loans were mixed with gains of up to 0.15 marks and losses of up to 0.20.280 words
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Article155 1977-09-28 7 MILAN: The market closed lower over a broad front In quiet trading on Monday, In light profit-taking, dealers said. Montedison'■ increased first half losses and opposition of union leaders to the sale of Condot te D'Acqua Spa depressed market sentiment, they added. Financials, Industrials and banks all lost ground.155 words
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Article366 1977-09-28 7 PARIS: The market advanced on Monday, consolidating Friday's gains, encouraged by the continuing disagreement In the left-wing alliance, dealers said. Jacques Borel lost two per cent but banks, electrlcals and foods led other sectors up to five per cent higher. Credit National, Cie Bancaire, CIC, Sua, BBN, Pernod-Rioard, Michelin,366 words
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Article266 1977-09-28 7 ZURICH: Prices lacked new Incentives and were little changed In moderate trading on Monday, dealers said. The Credit Suisse index dosed at 239.5 points. Swissair bearer edged higher. Among steady banks, Hypo Solothurn continued firmer Financials were mixed. Insurances closed steady apart from higher Zuerich bearer. Leading industrials showed266 words
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Article402 1977-09-28 7 JOHANNESBURG: Gold shares generally closed firmer on Monday, at the day's highest levels, reflecting the higher bullion price and some overseas Interest, dealers said Heavyweights were little tested although Randfht gained 100 cents to 4,875. Gains ranged from five to 60 cents. Financial minings mostly gained In line with402 words
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Article332 1977-09-28 7 TORONTO: Share prices closed fractionally higher In moderate trading on Monday. The gold Index, responding to higher bullion prices,. Jumped more than 36 points, pushing the composite Index about point higher. Pipelines and transportation issues, however, were sharplylower. Oalns outnumbered losses 175 to 163. Northern Telecom trimmed to 27H.332 words
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Article1322 1977-09-28 7 NEW YORK: Late-hour bargain hunting on Monday, enabled the stock market to recoup nearly all of Its earlier losses as prices finished on a firm note In light trading. Prices were broadly lower nearly all day on money market speculation of another round of prime rate Increases, which1,322 words
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Article61 1977-09-28 7 FINANCIAL TIMES INDUSTRIALS Monday 521.3 Friday 504.7 Week Ago 516.9 DOW JONES AVERAGE INDUSTRIALS Monday 841.65 Friday 839.14 Week Ago 851.52 LONDON DOLLAR PREMIUM Monday to 89'4 Friday to 90^ H.K. HANG SENG Monday 415.70 Friday 418.17 Week Ago 420 47 SYDNEY INDUSTRIALS Monday 369 53 Friday 371.97 Week61 words
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Page 7 Advertisements
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Advertisement481 1977-09-28 7 BUSINESS TIMES Airline Directory AeroHet Soviet Airline* 110-112 Shew Cwrtn, Orchard Rood, (Tel: 377.111) Air Coy lon 302-B, 3rd Floor, Mori no Houm SKonton Woy, Singapore (1) (Tel: *****88) Ground. Floor, ICI Bwildine, SKonton Woy Sinoepore 1 (Tel: *****11) 1M Floor, UIC Building, SKonton Woy, iw|i»in 1 (Tel: 2205.277) AW481 words
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COMMODITY REPORTS AND PRICES
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Article467 1977-09-28 8 ON THE Singapore rubber market yesterday, prices opened 0.75 cent higher In line with higher after-hours levels here and steadier London advices. The gain, however, was not sustained and prices fell back by some two cents on profit-taking and speculative selling, dealers said. The morning467 words
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Article339 1977-09-28 8 Prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Int 1 R 3 S prompt f.o.b. Buyers sellers Buyers Sellers 215.75 216.75N 217.00 218.OON Int. 1 H S S October 216.75 217.25 217.75 218.00 Int. I R.S.S November 218.75 219.25 219.75 220.25 Int 2R S.S339 words
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Article103 1977-09-28 8 NOON N.SH and.SMK prices yesterday: October November RAH (Current Mth) (Fo. 'ward Mth) Buyer* Seller* Buyer* Seller* (cent* per kg) (cei >Uperkf) SSR20 (1 ton pallet) 208 00 210.00N 209 00 211.OON SSRSO (1 ton pallet) 205.50 207 50N 20« 50 206.50N MKKLH SMR5CV (1-ton pallet) 227103 words
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Article31 1977-09-28 8 Rubber: Sept 27 Singapore: October 217.75 cent* (down 0.50 cent) Malaysia: October 219.00 cent* (down 0.50 cent) Tin: S1.725 (up $15) Official offering: 258 ton' net (down 37 tonnea)31 words
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Article309 1977-09-28 8 HONGKONG, Tues. The cotton futures market closed firmer but at the day's low, In quiet trading ahead of tomorrow's local holiday, dealers said. There was a rally In the opening call on commission house buying, but speculative selling at high levels throughout the session took prices down, reducing309 words
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Article435 1977-09-28 8 A QUIET and Irregular Singapore produce market yesterday saw pepper prices firming on sustained buying support from the big consumers In Europe and America. New York, Amsterdam, Rotterdam and even London were sending fillers here for pepper, particularly the white grades which are needed for blending for use435 words
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Article294 1977-09-28 8 LONDON, Tues. Coffee finished the morning around the lows. £260 to £60 lower with September down to £2,370. Volume totalled 2,888 lots. Traders said the Increasing number of gradlngs belng posted depressed September as they signalled larger tenders. Prices had fallen Initially following the weak New York close and294 words
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Article63 1977-09-28 8 C.I-F. Rotterdam. US dollars per ton. LONDON Malaysia 5% ffa bulk Monday Previous Nov 445 sir 448 sir Sumatra 5% ffa Sept 520 sir 520 sir Oct 480 pd 480 sir Nov 452 50 pd 452.50 slr/450 pd December 445 sir 447 50 sir January 445 sir 44563 words
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Article296 1977-09-28 8 LONDON, Tues. Terminal cocoa gained £3 to €16.50 per tonne at the first call against New York but later eased under renewed long liquidation and chart selling. Some sources believed the market was trying to consolidate at yesterday's lower levels but selling pressure again began to build up on296 words
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Article261 1977-09-28 8 THE STRAITS tin price In Penang yesterday was up MSIS to $1,725 per plcul on an official offering down 37 tonnes to 258 tonnes. The market rose mainly due to further speculative support from the US and Japan as well as dealer covering, dealers said. In LONDON, yesterday,261 words
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Article359 1977-09-28 8 LONDON, Tues. Terminal opened £0.40 down to £1.25 up from yesterday afternoon closing levels. Turnover totalled 1,209 lots. Market sources had expected a slightly easier opening following the failure yesterday of three major producers to agree on basic export tonnages at the Geneva talks. However, the mixed selling and359 words
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Article210 1977-09-28 8 BANGKOK, Tues. Indicative prices quoted here today were unchanged from yesterday as follows: Price* in US dollar* per tonne FOB Bangkok: White lk*: 100 pet lrt clan SOB 100 pet 2nd an, low pet aro <m, s pet 277. 10 pet 200. 15 pet 297. SO pet 2M. 25210 words
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Article168 1977-09-28 8 CHICAGO, Tues. Soybean futures yesterday closed at or near the day's lows with losses of 15-1/4 to 12-1/2 cents a bushel. Early speculative selling dropped prices below chart resistance levels as the market was weakened by easier cash markets, reports of harvesting and farmer selling over the weekend and168 words
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Article88 1977-09-28 8 CHICAGO, Tues. Wheat futures yesterday registered gains of 1-V4 to two cents a bushel at the close, after rallying from early losses. Prices slipped lower In early dealings, as declines In soybeans and corn Kmpted speculative sell- The market turned upward, however, as com- mercial and professional buying, which88 words
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Article325 1977-09-28 8 LONDON, Tues. Copper wirebars showed all round losses of £7. Dealers said the market slipped back under liquidation and hedge selling prompted by the barely steady New York close, lack of follow-through to gold and rather desultory outside physical demand. Three Months traded from t698 in the pre-mar-ket down325 words
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Article232 1977-09-28 8 LONDON, Tues. Silver gained 0.9 to 0.7 pence per troy ounce. Dealers said the firm New York close Induced small covering on the pre-market up to 270.0 pence for Three Months. Scattered profittaking soon pared the advance although the ring was steady In negllble two-way trading of 42 lots232 words
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Article351 1977-09-28 8 ON THE Singapore gold market yesterday, the kllobar opened higher at 5512.136 following the rise In New York on Monday. However, due to weak Hongkong market In the afternoon, the kllobar closed at the low of 5512,078. On the London market, the metal opened at U*****.10/30 but profittaking emerged351 words
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Article124 1977-09-28 8 LONDON, Tues. Lead closed the morning with losses of £7 for cash and £6.50 for Three Months. The trend In copper prompted light liquidation and subsequent chart and stoploss selling took Three Months from £341 on the early pre-market down to £332 at the start of ring dealings. Dealers124 words
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Article72 1977-09-28 8 LONDON, Tues. Zinc softened by mostly t'0.50 in the morning. The metal eased with the general trend but found light short-covering which mostly erased losses on a basically featureless market. Sales of 3,200 tonnes were boosted by carries. On Monday, zinc declined by £3.50 for cash and £3 for72 words
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MONEY AND EXCHANGES
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Article558 1977-09-28 8 THE US dollar ruled bullish against other International currencies In dealings on the Singapore forex market yesterday. Dealers attributed the activity to speculative Interest on the part of dealers In Hongkong and Singapore. The Hongkong dollar came In for active dealing with the US currency movIng steadily upwards through558 words
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Article41 1977-09-28 8 <* ACH< 7 t>< 6'. Citibank 7 Han«kok Bank 7 HSBC IS Hank of America C>« 1 ndotun «>. 7 Hank of Tokvo ('< Hank Negara (K'BC' Indonma 7 OUB 7 C<« I'CB 7 7 I'MBC 7 »as 7 I'OB 141 words
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Article152 1977-09-28 8 Asian rates ASIAN currency jejxMt Interbank rate* u at cloee on 8ept 17: US Doll* n<8*at) aayt 1 mth 2 mthi 3 mtfw 8 mth* 9 mlhi 12 mth* 1 n 3/4 «7/i 7 71/4 7 5/18 S>. Pr». 3/1 8 5/8 3/4 7/> 71/» 7 1/8 7 3/18 Dm.152 words
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Article171 1977-09-28 8 Euro rates LONDON, Tues. Eurodollar deposit rates rose narrowly where changed In light early trading on speculation of a further tightening in US credit policy and end-quarter book-squaring operations, dealers said. Day-to-day rates held steady around Monday's closings with a firmer undertone. The One Month rate was quoted 5/10 lower171 words
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Article220 1977-09-28 8 LONDON, Tues. The Swiss franc fell in hectic early trading here after the Swiss National Bank announced It decided to Impose new curbs on forward sales of Swiss francs to nonresldents, effective immediately, dealers said. The Swiss franc fell to U552.3650/3700 f<rom 2.3500/10 overnight. Dealers said the absolute restriction220 words
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Article141 1977-09-28 8 NEW YORK, Tues. The US dollar yesterday closed virtually unchanged against major currencies in quiet trading, dealers said. News of a near-record U552.67 billion trade deficit in August after a $2.33 billion deficit in July had little effect on quotations, they said. Some dealers suggested this lack of141 words
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Article97 1977-09-28 8 HONGKONG, Tues. The US dollar firmed slightly to DM2.3270/75 In quiet trading from Its New York midpoint close of 2.3261 after recovering on European demand from opening at 2.3250/70, dealers said. In the local market the US dollar firmed to HK54.6930/40 from 4.6860/70 on commercial demand In active trading.97 words
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Article80 1977-09-28 8 TOKYO, Tues. The US dollar for overnight dellvery closed at 266.74 yen, after a 266.70 opening, and compared with 266.85 at yesterday's close. The dollar for Immediate delivery closed at 266.56 yen compared with 266.618 at the opening and 266.90 at yesterday's close. Combined spot trading volume was light80 words
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Article56 1977-09-28 8 AUSTRALIA/NZ exchanges on Sept 27: Auatralia: Sterling 0.6372/ 0.8304 US dollar 1.1077/ 1.1029 Ninety-day air mail buying ratea Sterling O.Ult US dollar 1.1397 Ninety-day forward rate* Sterling 0 8301 US dollar 1.0969 New Zealand Sterling 0 5587/ 0 5536 US dollar 0 0754/ 0 0854 Ninety-day forward rate: Sterling56 words
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Article51 1977-09-28 8 ZURICH exchanges closing quotes on Sept 26. US 2.3480-3490 UK 4 0931-0054 Can 2.1904-1918 W Germ 100.85-02 NeUi 95 19-22 Prance 47 84-88 Belg 8.55-1/2-58 Denm 38.01-06 Norw 42 80-83 Swed 48 44-68 Italy 0 2859-3881 Auatrla 14 13-15-1/4 Port 5.7819-7928 Spain 2 7737-7786 Arg 0 51-81 Japan 051 words
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Article37 1977-09-28 8 FRANKFURT exchanges opening quotes on Sept 27: US 2.3285/96 Can 2 1605/1715 UK 4.062/072 Neth 94.27/37 Swlts 98.25/40 Italy 2 835/846 Prance 47.27/37 Norw 42.18/26 Belg (com) 6 49/50 Belg (fin) 6 48/49 Japan 0 8720/3037 words
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Article329 1977-09-28 8 LONDON, Tues. Eurobonds traded mixed with an easier bias In varying conditions, dealers said. US issues were generally mixed to easier In rather quiet trading due to fears of higher US short-term interest rates, dealers said. Convertibles were also little changed In quiet overall trading. opening quotes on Sept329 words
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Page 8 Advertisements
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Advertisement320 1977-09-28 8 i J IN PENGUINS Yukio Mishima firmly upheld the traditions of Japan's imperial past, which he believed were being slowly eroded by Western materialism. Disillusioned he astonished the world* in 1970 by committing hara-kiri or ritual suicide by disembowelment. One of his last works, Runaway Horses, is now published in320 words
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TRANSPORT AND COMMUNICATIONS
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473 1977-09-28 9 UPI TOKYO, Tues. Honda Motor Co., the world's top motorcycle maker and Japan's fifth largest car manufacturer, announced today It is negotiating with the state of Ohio over embarking on motorcycle production there. Hideo Suglura, managing director of the Company, said at a newsUPI - 473 words
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179 1977-09-28 9 Reuter HONGKONG, Tues. SeaLand Services Inc plans to open a container route between Asia and the West Asian ports of Bandar Abbas, Dubai and Demmam next February, company president Henry Gilbertson said. He said the fortnightly service should increase SeaLand's Asian trade by about sixReuter - 179 words
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Article202 1977-09-28 9 AP LONDON, Tues. Shipowners maintained North America grain rate strength in the Great Lakes and U.S. Gulf loading areas yesterday. Large carriers continued to score gains, although these were of Just a mrglnal nature. The bulk-oil carrier "Jag Laxmi", for instance, received U554.25 (F10) for a 73.000-tonAP - 202 words
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169 1977-09-28 9 Reuter SEOUL, Tuea. The Government will give financial support for South Korean shipping companies to buy 46 locally built ships totalling 328,000 gross tonnes by 1979, the Korea Maritime and Port Authority (KMPS) said. The move, part of an ongoing plan to reduce dependenceReuter - 169 words
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Article120 1977-09-28 9 AFP KUALA LUMPUR, Tues. A five-member Malaysian delegation left for Manila today to attend a meeting of the Asean sub-committee on shipping and ports. The delegation was led by the secretary-general of the Ministry of Communications, Mohamed Noor Hasaan. The three-day meeting opening tomorrowAFP - 120 words
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Article, Illustration348 1977-09-28 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Setawar (2300 after Bunga Blndang) 19 Glenfalloch (1200 after Chidambaram Class I on board) 3/4 Golden Sea 707 (B/ Barge) (0800 48 Straat Fremantle (2000 after Slbonga) 10/11 Straat Luanda (0600 after Regent Virgo) 38/39 Tronoh (1300 after Tapah) 21 West PASIR348 words
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Article337 1977-09-28 9 UPI DETROIT, Tues. Ford Motor Is considering production and worldwide marketing of a new small car which would provide better fuel economy than any US-built Ford, a trade publication reports. American Metal Market reported yesterday that Ford officials will decide within a month ifUPI - 337 words
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Article198 1977-09-28 9 AFP HONGKONG. Tues. The Government Is finding out whether It Is worthwhile equipping Hongkong's port with an electronic eye. Under a contract signed today, a feasibility study will be carried out by a Canadian firm of consultants. Adga Systems International. It will take aboutAFP - 198 words
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264 1977-09-28 9 THE market for pleasure boats is Improving and American Marine has a sales backlog extending to April and June next year, for Its different models of leisure boats. The company, In fact, recently topped the 2,000 mark In Its production of pleasure cruisers for264 words
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348 1977-09-28 9 THERE Is an urgent need for clear multilateral guidelines on which various nations, developed and developing, can base their bilateral relationships, building them up In a comprehensive and co-ordinated fashion. This was the basic message given by Mr. Knut Hammarskjold, directorgeneral of the International348 words
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Article109 1977-09-28 9 AFP TOKYO, Tues. Japan's Toyota Motor Co. has raised retail prices of its 1978 models in the United States by an average of 3.5 per cent, or US$l5O (Ss37o). The car maker, in announcing the price boost last week blamed the Increases on higher yen exchangeAFP - 109 words
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Article572 1977-09-28 9 ARRIVALS Service Local Operator Number Time i From TMA TL304B 0530 TPE MAS MH682 0810 KCH PAN PA847 0810 SFO/HNL/GUM CPA CX710 1000 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK SIA SQ21I 1045 HLP THAI TG981 1050 BKK GIA GA944 1055 PKU GIA GA908 1100572 words
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Article400 1977-09-28 9 THIS week's Interest Is provided by Australian and Philippines wheat and sugar exports to China. Far East time charter business showed the bopkingof "Aghla Marlng" 17,000 dwt at U*****5.00 per day for trip Japan to Angola. Indian charterers worked 12,000 tons phosphate from Aqaba to W.C. India400 words
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Page 9 Advertisements
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Advertisement42 1977-09-28 9 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 242 words
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Advertisement230 1977-09-28 9 f ff f $37/THEHAMLYN PICTORIAL ATLAS OF THE WORLD A modern and comprehensive atlas has become indispensable both to students of geography and to general readers who want to understand the new economic and political shape of the world. Here, for the first time, a concise fascinating and authoritative text,230 words
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Article, Illustration1543 1977-09-28 10 ANDREW STEPHEN,ROBIN LUSTIG - By ANDREW STEPHEN,ROBIN LUSTIG OFNS LONDON: It was chilly autumnal weather just after midnight last Thursday when 50-year-old Sir Eric Miller, the former chairman of Peachey Properties, walked out of his back door for one of his solitary, mlddle-of-the-nlght broods. It was somethingOFNS - 1,543 words
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Article443 1977-09-28 10 JULIO VILLAVERDE - By JULIO VILLAVERDE Reuter QUITO: The ailing Andean common market has been given a boost by an agreement between the member countries to set up an Integrated vehicle manufacturing Industry. The agreement, signed here on Sept 13 by representatives of Bolivia, Colombia, Ecuador, Peru andReuter - 443 words
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Article, Illustration678 1977-09-28 10 VINCENT BUIST - By VINCENT BUIST Reuter HELSINKI: Finland Is fast losing Its skilled workers to Its richer neighbour Sweden but the Government Is powerless to use more than simple persuasion to try to stop the drain. This year, 15,000 more Finnish menReuter - 678 words
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1129 1977-09-28 10 VIVIAN LEWIS - By VIVIAN LEWIS NYT PARIS: "One out of every three pairs of glasses sold in the world goes to an American. Sixty million pairs of prescription glasses 23 million of which are bifocals are sold In the United States every year. AndNYT - 1,129 words
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Page 10 Advertisements
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Advertisement498 1977-09-28 10 Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most powerful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their own economies and the role of IMF in frustrating these efforts. A498 words
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Article101 1977-09-28 11 AFP TOKYO, Tum. Japan today announced its decision to simplify import procedures to meet mounting foreign criticism against its nontariff trade barriers. Under the decision announced by the Ministry of International Trade and Industry (Miti), the ceiling on the value of goods importable without reportingAFP - 101 words
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433 1977-09-28 11 UPI TOKYO, Tues. US Commerce Secretary Juanlta Kreps warned today that the Carter administration may come under increasing pressure to adopt restrictive trade measures unless Japan and other countries correct their huge favourable trade balances with America. On a four-day visit to Japan,UPI - 433 words
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251 1977-09-28 11 HAW PAR Brothers International Ltd said yesterday that It has begun rationalisation of its corporate structure by beginning the elimination of a number of its dormant subsidiaries. In a letter to the Stock Exchange of Singapore (SES), Haw Par announced that agreement has been251 words
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250 1977-09-28 11 SINGAPORE'S advertising Industry is gearing up for a bid to hold the 12th Asian Advertising Congress In the Republic In 1980. According to Ad voice, the Industry's official organ, the most serious bidders.for the 1980 congress are expected to be Hongkong, Taiwan and250 words
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Article60 1977-09-28 11 PEKING Tues. China stressed again today that people should be paid according to the work they do. A major article in the People's Daily, the Communist Party organ, dissected what it called the socialist principle "to each according to his work" and stated that former ultraLeft radical60 words
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Article289 1977-09-28 11 UPI Reuter TOKYO, Tues. The Ministry of International Trade and Industry (Mlti) yesterday recommended that the Japanese steel Industry scale down Its production plans for the last quarter of the year, In view of mounting Inventories. The Industry originally had planned to produce 25.590UPI; Reuter - 289 words
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284 1977-09-28 11 Reuter THE Indonesian ambassador to Singapore, General Haeruddin Tasnlng, said yesterday that Indonesia was moving closer towards "defreezing" its diplomatic relations with China, Reuter reported from Singapore. Relations between the two countries have been frozen since the abortive communist coup In Indonesia in 1965. "WeReuter - 284 words
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Article62 1977-09-28 11 AFP ABU DHABI, Tues. Oil groups operating in Abu Dhabi have been ordered to lay down prospecting programmes in untouched zones on pain of losing their concessions, the Qatar news agency reported here today. Talks on this subject have been in progress for several months with AbuAFP - 62 words
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874 1977-09-28 11 NYT WASHINGTON, Tues. Developing countries, expressing grievances over the way world monetary and trading arrangements seem tilted against them, are trying to make their weight felt in the councils that coordinate the world economy. Interviews made on the eve of the annual meetingNYT - 874 words
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255 1977-09-28 11 UPI Reuter BANGKOK, Mon. Thailand's rice exports for the year, despite a two-month drought, are sure to pass 2.6 million tonnes, a senior official said today. Mr. Yongyuth Kularat, chairman of the Rice Exporters' Conference, said in a report released In Bangkok that almost 2.3UPI; Reuter - 255 words
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137 1977-09-28 11 Reuter CANBERRA. Tum. Opposition Labour Party leader Gough Whitlam .strongly attacked Prime Minister Malcolm Fraser here today for adopting a confrontationist attitude in negotiations with trading partners like Japan and the European Common Market. Mr Whitlam said the Prime Minister's tactics did not workReuter - 137 words
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Article149 1977-09-28 11 A SINGAPORE company has gone Into a $20 million Joint venture with Indonesian businessmen for construction works and materials supply on Batam island. The company, United Engineering Services Corporation, through its Joint-venture company in Indonesia, P.T. Mundi Agung, Is Interested in two development projects on149 words
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118 1977-09-28 11 LOCAL building contractors have been urged to adopt new ideas In structure forming for their projects. to overcome rapidly rising costs. Mr. Frank J. Hessel, speaking at a technical seminar in conjunction with the Building Products and Systems Exhibition said that with the118 words
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Article403 1977-09-28 11 THE electrical industry in Singapore is today a multimillion dollar business contributing significantly to the gross domestic product. Its growth has been rapid, considering that before the 1960'5, the industry consisted mainly of companies doing installation and repair work, with a solitary manufacturing plant producing403 words
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Article182 1977-09-28 11 Reuter MANILA, Tues. A sixmember technical and economic specialist team of the Overseas Economic Cooperation Fund (OECF) of Japan is expected here tomorrow on an appraisal mission for the sixth package of OECF loan to the Philippines, officials here said. The team will meet officials ofReuter - 182 words
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Article145 1977-09-28 11 THE National Productivity Board (NPB) will hold a course on "Local Labour Laws" from Oct 3 to 19. The course aims to enable both management and unionists to interpret local labour laws correctly and to see how the various provisions may be applied under different145 words
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Article39 1977-09-28 11 THE Ministry of Culture will screen five films tonight at 8.00 pm at the National Museum. They are The Grass Growers, City Limits, The Diary Industry, Northland: An Impression and Atoll People. Admission is free.39 words
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Article99 1977-09-28 11 AFP JAKARTA, Tues. The Mineral Technology Development Centre in Bandung announced yesterday that an aluminium smelting plant with a capacity of 500.000 tonnes annually will be built in West-Kalimantan, Antara News Agency reported today. West Kalimantan is believed to contain a reserve of aluminium ore for fiftyAFP - 99 words
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419 1977-09-28 11 AFP CANBERRA, Tues. Industrial output remained flat In August, the latest period released by the official Bureau of Statistics. Only 10 of the 31 seasonally adjusted items rose, one remained constant and the rest fell. In the six months to August, falls In industrialAFP - 419 words
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234 1977-09-28 11 Reuter PEKING, Tues. Representatives of British Industry are assembling In Peking for talks on improving trade with China. The 12 businessmen and four members of the secretariat of the Slno-Brltlsh Trade Council (SBTC) plan to spend about two weeks in China, mainly Peking,Reuter - 234 words
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Article152 1977-09-28 11 Reuter MANILA, Tues. The Philippines may fall short of growth target this year because of declining pricfes in the export market, according to Economic Planning Secretary Gerardo Sicat. I' He said yesterday that if the trend continued, the Philippines mifht not achieve the 7 perReuter - 152 words
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Article104 1977-09-28 11 Reuter TOKYO, Tues. The National Economic Research Institute, a private research body, predicted the Japanese economy will show an average 7 per cent feal growth In the fiscal 1976-80 period. The institute said Japan's trade surplus will decline gradually from a peak of US$l5.5 billion (5537.8 billion)Reuter - 104 words
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Advertisement191 1977-09-28 11 AAAAAAAAAAAAAA GENERAL MANAGER FOR A LARGE CONSUMER' ELECTRONICS COMPLEX IN INDONESIA f I USS4OSuStoTJrI 1 j I Equipment, Radio Cassette, etc. The total turnover at present is about T and U S CoUatKirahons expanmon programme in hand The Group has several Japanese toSon C ma d kfna e anr, Zf191 words
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441 1977-09-28 12 Reuter TOKYO, Tues. JapanAustralia trade relations tonight seemed likely to face further friction after Japan rejected Australian tequests that It Increase beef Imports and abolish its beef Import quota system. Mr Douglas McKay, secretary of the Australian Overseas Trade Department, told reporters JapanReuter - 441 words
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Article110 1977-09-28 12 AFP MALAYSIA has been elected to chair next year's meetings of the International Monetary Fund (•IMF) and the International Bank for Reconstruction and Development (World Bank). According to a MalayStan Treasury spokesman the highly distinguished and prestigious appointment will take effect Immediately after theAFP - 110 words
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477 1977-09-28 12 Reuter CANBERRA, Tues. The Australian government is making arrangements to borrow about AsBso million (552.29 billion) equivalent in addition to earlier raisings and intended borrowing totalling about US$B5O million (552.07 billion), acting Treasurer Eric Robinson said in a statement. He said the new packageReuter - 477 words
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489 1977-09-28 12 THE hotel industry in the Australasian/ Asean region can do much to overcome the problems of over-supply of hotel rooms, undercutting and scarce and expensive communications equipment, if a regional marketing device is developed. "I would also suggest," said Lt.-General A. Tirtosudiro, director general of489 words
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418 1977-09-28 12 INDIA's largest commercial bank, the govern-ment-owned State Bank of India, will be starting operations in Singapore around the end of November or early December. Mr. N. Sivaramakrishnan, the chief manager of the Singapore office, told Business Times the bank has obtained418 words
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Article205 1977-09-28 12 AFP JAKARTA, Tues. Mining Minister Mohammad Sadli said today Indonesia had discovered a huge deposit of coal in South Sumatra, enough to supply all the energy requirements of this country for the next 500 years. The minister, speaking at an economic seminar entitled "National resilience inAFP - 205 words
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Article97 1977-09-28 12 Reuter MANILA, Tues. The Philippines has gained agreement of international banking consortia to reduce its stand-by credits, from US$l.l5 billion (552.80 billion) to $525 million but to extend the term, Central' Bank sources said here today. They were commenting on reports from New York that theReuter - 97 words
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286 1977-09-28 12 SWISS Bank Corporation, one of Switzerland'* Big Three, yesterday announced that the bank will be setting up a regional representative office here, covering South-east Asia and the Indian sub-conti-nent, on Saturday. According to SBC's local head, Mr. Relto Cavelti, the geographical286 words
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Article53 1977-09-28 12 JapaneseThai trade talks AFP TOKYO, Tues. International Trade and Industry Minister Tatsuo Tanaka Will lead the Japanese delegation to a Cabinet-level trade conference with Thailand opening In Bangkok on Oct 1, it was announced here today. The ninth session of the joint Japan-Thai trade committee will mainly deal with bilateralAFP - 53 words
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292 1977-09-28 12 SENIOR Minister of State for Finance, Mr. Qoh Chok Thong, last night called for efforts to "Intensify cooperation" in Industrial and economic fields between China and Singapore. Speaking at a dinner hosted by the visiting fivemember Chinese trade delegation, Mr. Qoh said: "This is292 words
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Article, Illustration445 1977-09-28 12 A LEADING International broker and banker has expressed his confidence and optimism in the region's growth. Mr. Harry Anderson, chairman of Merrill Lynch International (MLI). said growth here looks solid since the region demonstrated its ability to ride the storm of the last few445 words
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499 1977-09-28 12 AP WASHINGTON, Tues. US Treasury Secretary Michael Blumenthal said today the US trade deficit this year could total as much as $30 billion (5573.5 billion), higher than previously estimated and more than triple the worst previous trade deficit on record. He said theAP - 499 words
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Article780 1977-09-28 12 LONDON, Tues. Government bonds fell by up to H4 points In reaction to proflt-tak-lng after yesterday's sharp rise, dealers said. Sporadic buying interest was noted at the lower levels throughout the session, they added. Equities were mixed but the undertone was firm. At 3 pm the Financial Times780 words
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Article81 1977-09-28 12 MR Bill Hewlett, president and chief executive officer of Hewlett Packard Co of the US will unveil its plans for its Singapore subsidiary at a press conference in HP Singapore's new facility on Thursday. Mr Hewlett and Mr Dick Love, managing director of HP Singapore will announce81 words
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Article58 1977-09-28 12 THE Minister for Foreign Affairs, Mr. S. Rajaratnam. leaves today for New York to attend the 32nd session of the United Nations General Assembly. He will return to Singapore on Oct 31. During his absence, the Senior Minister of State for Foreign Affairs, Mr. Lee Khoon58 words
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Advertisement170 1977-09-28 12 cjw sitting Our calculators won't add anxieties. That's important. Anxieties about office machines can make the office efficiency lower. And profits. Olympia CalcuJators don't require doublechecking. And because readings are always done with ease and accuracy, you can trust them. They are from, afterall, one of the world's largest and170 words
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