The Business Times, 3 November 1977
1977-11-03
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The Business Times
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Title Section10 1977-11-03 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, NOVEMBER 3, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article89 1977-11-03 1 Reuter LONDON, Wed. Britain's gold and foreign currency reserves swelled by US$3 billion (557.3 billion) in October, to give a total of $20.21 billion, the Treasury announced today. This was the biggest net inflow ever, but the encouraging news of the country's international financial standing is cloudedReuter - 89 words
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Article68 1977-11-03 1 Reuter LONDON, Wed. The dollar recovered moderately against most major currencies on the foreign exchange markets today but some dealers said they felt the pause in its decline may be short-lived. The pound sterling, which soared at the beginning of the week when it was released from monthsReuter - 68 words
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Article57 1977-11-03 1 UPI GENEVA, wed. The United States said today Its withdrawal from the International Labour Organisation (ILO) should not be seen as a warning to other UN specialised agencies. But Washington will "take exception" If other UN organisations stray from their "substantive objectives" by becoming involved in politics,UPI - 57 words
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Article69 1977-11-03 1 LONDON, Wed. The International Tin Council is to employ an officer to study and Investigate the medium and long-term problems relating to the production and consumption of the commodity. The duties of the tin Industry officer include the review of available information of new sources of tin, technical69 words
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Article81 1977-11-03 1 AP TOKYO, Wed. Toyota Motor Co, Japan's largest car producer, topped the nation's 74 major companies In corporate income last fiscal year. The National Tax Administration Agency reported today Toyota's pre-tax Income for the July 1976 to June 1077 year totalled 210.6 billion yen (Ssl.oB billion),AP - 81 words
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Article84 1977-11-03 1 UPI NEW YORK, Wed. Stocks headed lower early today amid Investor concerns over rising Interest rates and the slowing down In the economy. Trading was fairly active. The Dow Jones Industrial average, which plunged 11.44 points yesterday was off 3.55 points to 803.36 shortly before 1600 GMT. Yesterday'sUPI - 84 words
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Chief Price Changes
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Article, Illustration183 1977-11-03 1 STEADY conditions ruled on the Stock Exchange of Singapore yesterday with trading centred on Nanyang Press, which roee to a high of $2.00 at the height of the buying spree. The bullish sentiment influenced the rest or the market. The Business Times index closed 3.73 points higher183 words
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Article108 1977-11-03 1 Rife* Most active Rlvervtew 2.40 Lien Hoe 1.90 S.M.Ind 1.38 M. Weaving 1.04 Tan Chong 2.02 SentoM 2.30 C. Sugars 2.39 Dunlop Ind. 3.76 Tasek 2.09 K. Sldlrn 5.90 Premium 0.89 Foils Rahman Hjr 3.94 O.C.B.C. 6.10 A. Hltam 9.80 P.M.C. 2.83 +.60 +.14 +.10 +.09 +.06108 words
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Article752 1977-11-03 1 INFLATIONARY PRESSURES' REFLECTING continuing concern over Inflationary pressures, the Monetary Authority of Singapore Is apparently adopting a tight monetary policy. This Is the Indication even In the authority's test monthly report which showed that monetary expansion has slowed down against a backdrop of rising Interest rates752 words
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Article296 1977-11-03 1 AFP UPI MANILA, Wed. The Asean Banking Council (ABC) Is studying how capital-short Asean member-states can tap fund* to finance agro-based projects In the region. The Asean-Chamber of Commerce and Industry (ACCI) working group on banking reported this today at the opening of the ACCIAFP; UPI - 296 words
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Article751 1977-11-03 1 THE OUTLOOK for Asean this year Is good, according to the Asean Business Quarterly. Both Indonesia and Malaysia are experiencing a larger trade surplus over last year while the other three countries are seeing a narrowing of their trade deficits. Their International reserves appear751 words
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Article573 1977-11-03 1 THE TUSSLE between the two leading Chinese newspapers, Bln Chew Jit Poh ana Nanyang Press, for the attention of Investors continued yesterday. Sin Chew was In the limelight In the morning with the official ballottlng for their shares, but Nanyang stole the thunder later573 words
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322 1977-11-03 1 THE LONG-DRAWN out dispute fcilww Haw Par Brothers International sad Jack Chi* Holdings (HK) over a pharmaceutical franchise agreement signed between the two in 1972 was settled yeeterday. The dispute aroee in I*7B over the interpretation of payments under the agreement concerning the322 words
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436 1977-11-03 1 TERESA LIM - ■y TERESA LIM MR. Donald Duns tan, premier of South Australia, painted a grim picture of the prospects for trade between South Australia and Singapore. He said yesterday that a diversity of industry must be maintained In South Australia, If It wishes to preserve436 words
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Article184 1977-11-03 1 SINGAPORE'S monthly trade deficit soared for the second month running In September to reach Its highest monthly level this year of $551 million. The component parts of the latest figure issued by the Department are exports rising $298 million m the month but bejgMWjfc Uum otXset by184 words
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Page 1 Advertisements
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Advertisement38 1977-11-03 1 AKAI Overseas Newt/ TV/ UiUMittM P8 Radio/ OoMwordi P2 Transport ft ComOver—— News Local Co. News lnt'l Co. News Local Stocks Overseas Stocks PS muni cations pi Features P5 Local ft Oi News Local ft Oi P7 News38 words
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Advertisement119 1977-11-03 1 A MOST OSnNGOSHED cm Peugeot 604 exudes luxury. It's rigid body is protected by Electrophoresis and six handsprayed coats of paint plus a top layer of varnish. Insulation from noise and vibration is achieved via a floating differential, seats that are tuned to the fully independent suspension and extensive padding119 words
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Advertisement291 1977-11-03 1 4 Which bank helps you come to grips with today's fast-moving world? We do. Bank of America. In today's rapidly changing world situation, the successful execution o! business plans calls tor flexibility and fast response. Information must be current and complete, and requires constant alertness by a professional statf. both291 words
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OVERSEAS
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1066 1977-11-03 2 U.S. WARNS OPEC UPI AP WASHINGTON, Wed. The Carter Administration warned Opec yesterday against any new crude oil price Increases, saying they are economically unjustifiable and damaging to global economic stability. "There should be no misunderstanding. We believe there Is no economicUPI; AP - 1,066 words
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Article120 1977-11-03 2 Reuter WASHINGTON, Wed. President Carter plans to make a televised speech this week in an effort to save his energy programme In Congress, administration officials said. No date or time for the address was disclosed. The House has accepted the basic proposals the PresidentReuter - 120 words
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242 1977-11-03 2 AP SACRAMENTO, Wed. California oil producers may seek to sell their oil to Japan rather than compete with Alaskan oil coming into the state, controller Kenneth Cory has said. "It seems incongruous even to be considering such a possibility at a time when the UnitedAP - 242 words
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195 1977-11-03 2 UPI WASHINGTON, Wed. President Carter's recommendation for a privately financed US$lO billion (Ss24 billion) pipeline project across Canada to bring Alaskan natural gas to the lower 48 states is gaining support in Congress. The Senate Energy Committee yesterday approved the plan despite some opposition andUPI - 195 words
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195 1977-11-03 2 Reuter DETROIT, Wed. Chrysler Corp said It produced 132,428 cars last month, down from 153,450 in October last year. US production fell to 111,034 cars from 132,458, while Canadian output rose to 21.394 cars from 20,992, the company said. It said 10-monthReuter - 195 words
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107 1977-11-03 2 Reuter WASHINGTON, Wed. The Treasury said it will not raise any new cash at Its weekly bill auction on Monday, but will sell US$5.7 billion (8)13.7 billion) of bills to redeem maturing securities. The government is offering $2.3 billion of threemonth bills and $3.4Reuter - 107 words
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285 1977-11-03 2 AP LONDON, Wei. Britain's air traffic n antral assistants voted yesterday to accept a government pay settlemsnt and end a 10week strike which has •aarled domestic and European bound flights. A settlement offered by Aviation Authority calls for a lump sum payment ofAP - 285 words
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Article110 1977-11-03 2 Reuter WASHINGTON, Wed. President Carter named Pan American Airways aa the sole US scheduled carrier flying to London from Washington, Detroit and San Francisco, and Trans World Airways as the exclusive US carrier from Philadelphia, Chicago and Los Angeles. He said both airlines wouldReuter - 110 words
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321 1977-11-03 2 NYT UNITED NATIONS, Wed. The decision by the United States to withdraw from the International Labour Organisation met with bitter criticism here yesterday, with Secretary General Kurt Waldheim calling It a retrogressive step and other diplomats calling the action as stupid and l(T-tlmed. "Idon't thinkNYT - 321 words
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Article213 1977-11-03 2 AFP UNITED NATIONS, Wed. The International Labour Organisation (ILO) said today that In the wake of US withdrawal from the organisation announced yesterday in Washington it would take steps to overcome the resulting deficit In the budget. The United States was to contribute U5542.3AFP - 213 words
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Article154 1977-11-03 2 Reuter LONDON, Wed. UK companies expect higher pro- ductlon and more orders in the next four months. I The latest industrial trends survey by the Confederation of British Industry shows the decline in 1 business confidence appears 1 to have been arrested. There 1 Is, however, noReuter - 154 words
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168 1977-11-03 3 UPI WASHINGTON, Wed. Members of Congress, joined by women who lost their Jobs in the depressed Citizen Band radio Industry told the International Trade Commission yesterday American producers must be protected from foreign Imports. Senator Carl Curtis, said: "The sale of CB transceivers inUPI - 168 words
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Article118 1977-11-03 3 WASHINGTON, Wed. The House of Representatives passed a bill yesterday to outlaw bribes and other improper payments by US companies and their foreign subsidiaries. The bill, passed by voice vote, sets a one million dollar fine for corporations making such payments. Officers and directors118 words
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380 1977-11-03 3 Reuter GENEVA, Wed. The United States yesterday announed what it called a new approach to long-running negotiations here on liberalising world trade. The new approach envisages a 10-year programme for putting those negotiations Into effect. The 97-natlon talks, launched four years ago, were originallyReuter - 380 words
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Article406 1977-11-03 3 AFP AP HAMBURG, Wed. One of the biggest uranium fields in the world has been discovered in the Turkish part of the Black Sea. The University of Hamburg said that experts from the university had found uranium beneath the sea at a depth ofAFP; AP - 406 words
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253 1977-11-03 3 Reuter FRANKFURT, Wed. Real gross national product growth in the US should be 4 1/4 to 4 1/2 per cent in 1978, below this year's level bat still reasonably healthy. Chemical Bank chairman Donald Piatten said. He said the US inflationReuter - 253 words
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Article49 1977-11-03 3 Reuter SAN FRANCISCO. Wed. Wells Fargo Bank has raised its prime rate to 7 3/4 per cent from 7 1/2 per cent. The move leaves Bank of America as the only major bank that has not followed the national trend and raised its prime rate.Reuter - 49 words
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477 1977-11-03 3 US seeks monetary stability Agencies THE US Treasury Secretary Michael-Blumenthal reaffirmed in West Berlin that his government attached great Importance to a strong dollar. He said he was sure that the solidity and stability of the dollar were assured in view of economic recoveryAgencies - 477 words
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446 1977-11-03 3 Reuter WASHINGTON, Wed. The Commodity Futures Trading Commission has approved In principle a new rule to promote orderly futures trading. The commission's rule will be published in the Federal Register and comments will be received for 90 days. N Under the rule, contract marketsReuter - 446 words
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229 1977-11-03 3 Reuter FRANKFURT, Wed. The Bundesbank does not regard Che mark's record strength against the dollar yesterday as particularly disconcerting now that the Bank of England has allowed sterling to float upwards. Senior Bundesbank sources said the bank win continue to Intervene to dampen erraticReuter - 229 words
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Article85 1977-11-03 3 Reuter TORONTO, Wed. The Canadian Imperial Bank of Commerce said Its leading economic Indicator fell 0.04 per cent In August following a 0.05 per cent fall In July. The composite index of eight indicators, designed to signal in advance changes In the pace of real economicReuter - 85 words
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Page 2 Advertisements
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Advertisement384 1977-11-03 2 A Major New Talent in Penguins Paul Theroux Paul Theroux, an American now living in London, has been acclaimed as one of today's major writers compared with Graham Greene and Joseph Conrad. The Great Railway Bazaar, his latest in Penguins is the true story of Theroux's railway odyssey from London384 words
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Page 2 Miscellaneous
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Miscellaneous52 1977-11-03 2 THE WEATHER WEATHER report for 24 hours prior to 7. JO p.m. on Nov 2 at Singapore airport. Maximum Temperature 31.9° C Associated Humidity 62 Minimum Temperature 23.0° C Associated Humidity 100 Hours of Sunshine 5.95 Rainfall in Millimeters 0.4 Rainfall for the Month 29.0 Total Rainy Days for the52 words
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Miscellaneous818 1977-11-03 2 SINGAPORE 5 3.00 PM Opening announcements followed by Window (ChineseRepeat) 0 3.30 Diary Of Events (Chinese) 3.35 Eight Heroes of Shou Lin (Repeat) A Mandarin drama serial 4.20 Intermission 6.00 Opening announcements followed by Lassie Once upon a horse 6.30 News in Brief 0 6.35 Warna-Warni (Malay-Repeat) 0 7.00 The818 words
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Page 3 Advertisements
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Advertisement216 1977-11-03 3 .•A ,«A ■g\ ■g\ •JJ ■g> S •V\ ,-~n .i& .«»> w ■g\ X*> .'*> "•A W •tA ■wr .»•> .~N •A ."•A ,«•> ■jA «»> ■$»> .'•A •m* 'tA w mmmr wmw on the m.s. rasa sayang NOWISE J G&imtS MMCHSE a 5 days of sheer rest and relaxation216 words
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COMPANY NEWS
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281 1977-11-03 4 BOOSTED by the sale of a property. Jack Chla International of Hongkong, which acquired a 10 per cent stake In Jack Chla-MPH early this year, reported a 445 per cent Increase in after-tax profit to HK53.76 million for the six months281 words
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383 1977-11-03 4 THE Johore State Economic Development Corporation is moving into downstream latex processing with the purchase of a 30 per cent stake in Kluang-based Revertex (Malaysia) for M 54.3 million. The company which made profits of $3.3 million last year, is currently whollyowned by the383 words
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Article215 1977-11-03 4 KUALA LUMPUR, Wed. Malaysians will hold a majority of shares In Survey Research Malaysia (SRM) which Is being restructured to offer senior staff equity participation. So far, 10 SRM members, four of them women, have taken advantage of this "profit with responsibility scheme. Most of215 words
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Article279 1977-11-03 4 Currrat Ikit lOUlflK Total fiw paymat rww Mr*bW HV*kwi >■«« m IJN Oct 13 Nov 4 12* 12* M'u Brewerlee 1®* Oct 17 Nov 6 w* J0H4. Km* NiUtim W,ITE Ocl? Nova 9* lf*Tt M«a«B B* Oct 12 Nova 5* >9* IP Oct 14 Nov# 19* *9* lloNlliQfl279 words
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Article121 1977-11-03 4 BOLTON Properties has reported a net pre-tax profit of M 51.02 million for the first half of the current year ending Dec. 31, 1977, on total income revenue and receipt —of 51.92 million. While no comparative figures for the same period of last year are available as121 words
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COMPANY MEETINGS
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Article24 1977-11-03 4 i THE following company meetings are due: Nov 4 at 11.30 a.m. at the OCBC Centre (19th floor), Chulia Street, Singapore.24 words
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Article13 1977-11-03 4 Nov 0 at noon at 50 Jalan Ampang, Kuala Lumpur.13 words
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Article18 1977-11-03 4 Nov 16 at noon at the Regent of Kuala Lumpur Hotel, Jalan Imbl, Kuala Lumpur.18 words
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Article15 1977-11-03 4 Nov 17 at noon at the Kuala Lumpur Hilton Hotel, Kuala Lumpur.15 words
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Article20 1977-11-03 4 Nov 17 at noon at the Cempaka Room, Hotel Equatorial, Jalan Sultan Ismail, Kuala Lumpur.20 words
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Article23 1977-11-03 4 Nov 18 at noon at the United Nations Room, the Regent of Kuala Lumpur Hotel, Jalan Imbl, Kuala Lumpur.23 words
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Article18 1977-11-03 4 Nov 26 at noon at SE Foh Chong Building, 66 Jalan Ibrahim, Johor Baru.18 words
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15 1977-11-03 4 Nov 26 at 10.00 a.m. at No. 0, Tambun Road, Ipoh.15 words
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Article, Illustration404 1977-11-03 4 KUALA LUMPUR, Wed. Esso Production Malaysia (formerly Exxon) Is starting exploratory drillings at two more locations In Its contract area off the east coast of Peninsular Malaysia. They are designated Tlong, about 250 kilometres offshore from Kuala Trengganu, and Irong No.l, 16 kms west of Tapis,404 words
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533 1977-11-03 4 LAURENCE, Pruat and Co, a firm of stockbrokers, has revised Its investment views on Harrison Malaysian ■states (HME) and now think that when Harrisons j Plantations Berhad (HPB) Is quoted on the Kuala Lumpur Stock Exchange, the price may open In the range533 words
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Article87 1977-11-03 4 UNITED Motor Works (Malaysia) Holdings has sent to loan stockholders a circular advising them of their right to convert their loan stock units into ordinary shares this month. The conversion rate will be 2.42 loan stocks for each ordinary share credited as fully paid. The first conversion period87 words
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Article180 1977-11-03 4 AFP HONGKONG, Wed. A S. Watson and Company of the Hutchison International Ltd (HIL) group today announced an unaudited consolidated trading profit of HK52,182,000 for the first six months of 1977. The interim profits from both the company itself and its subsidiaries, with allowances made for amortisation, minoritiesAFP - 180 words
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905 1977-11-03 4 NYT NEW YORK: Techniques developed to keep the peace In labour-management relations are being adapted to the settlement of conflicts ranging from the location of offshore oil drills to commercial claims arising out of trade with the Soviet Union and China. By Ironic coincidence,NYT - 905 words
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Article1015 1977-11-03 4 On Nov 1 OPTION JAN A PL JLY STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AUR AUR Avon Avon Avon Bank Am Bank Am Bank Am Beth 8 BethS BethS BethS BethS BethS Bruns Br una Bruns Burroufha Burroughs Burroufha ClUcp1,015 words
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Article100 1977-11-03 4 Reuter WASHINGTON, Wed. The Federal Trade Commission said after-tax profits of major foods chains those with more than US$lOO million In sales rose to $151 million In the second quarter from $136 million In the first quarter. Sales totalled $17.05 billion In the quarter, compared with $16.87Reuter - 100 words
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Article77 1977-11-03 4 DALLAS, Wed. First International Bancahares Inc., the parent holding company of First National Bank in Dallas, reported earnings of U8548.52 million for the first nine months of 1977, a 14.4 per cent increase over the same period for the previous year. The company's total assets exceed $7.877 words
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Article43 1977-11-03 4 Reuter BANGKOK, Wed. The telephone organisation of Thailand Pak Pookkakupt has signed a 593 million baht contract with Fujit-su-Toshiba Co of Japan which will supply Thailand with telephone equipment, the Communications Ministry said. Installation will be completed In 1980. ReuterReuter - 43 words
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Page 4 Advertisements
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Advertisement158 1977-11-03 4 COLLECTINQ Oriental fINTiouEJ by Judith Moorhouse and Dries Blitz ra Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive for the average collector. This myth Is perpetuated by158 words
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INTERNATIONAL COMPANY NEWS
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Article256 1977-11-03 5 Reuter I TOKYO, Wed. Nippon Oil Co said it plans a onely for-flve rights issue at par n of 50 yen. tt will also offer a total of ■o 40 million new shares for >r public subscription at d market price with payment n requiredReuter - 256 words
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Article136 1977-11-03 5 Barclays buys Citicorp's stake v Reuter. SYDNEY, Wed. Barclays Bank International has bought Citicorp's 50 per cent stake in finance company FNCB-Waltons Corp for US$lB.9 million Citicorp, Barclays and Waltons said in a Joint statement. Sydney-based retailer Waltons holds the other 50 Sroperty interests of FNCB feitons held by itsReuter. - 136 words
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243 1977-11-03 5 ASIAN COMPANIES Reuter BYDNBY, Wed. CSR said It lodged a notice declaring Its takeover offer for AAR unconditional. It said It is now entitled to million $1 nominal AAR shares or 37 per cent of AAR s $25.85 million Issued capital. Earlier today, CSRReuter - 243 words
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Article231 1977-11-03 5 Reuter SEOUL, Wed. Pohang Integrated Iron and Steel Co (Posco) said It started construction of an 80,000tonne silicon steel plant as part of a plan to more than double Its present annual crude steel capacity to 5.5 million tonnes by end-1979. The plant, atReuter - 231 words
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Article212 1977-11-03 5 Reuter TOKYO, Wed. Nissan Motor said it expects aftertax profit of about 85 billion yen for the current year ending March 31, 1978, unchanged from the 85.29 billion yen In 1976/77. Sales will rise 11.8 per cent to 2.26 trillion yen from 2 02 trillion, andReuter - 212 words
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Article233 1977-11-03 5 Reuter NEW YORK, Wed. Marinduque Mining and Industrial Corp of Manila said its lenders have approved an extension of short-term debt waivers permitting it to Incur an additional US$25 million of short-term debts until Dec 31. The company said It has also received from two lenders aReuter - 233 words
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619 1977-11-03 5 EUROPEAN COMPANIES Reuter LONDON, Wed. Reed International announced higher sales and pre-tax profits for the first halfyear ended Sept 30,1977 but reduced earnings per share and a loss by its Canadian subsidiary, Reed Paper. The British parent said pre-tax profit rose 14 per c;®} 1Reuter - 619 words
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269 1977-11-03 5 Reuter LONDON, Wed. Comecon's International Investment Bank Is raising US$6OO million for seven years In the Euromarket at a margin of one per cent over London Interbank offered rates, Chase Manhatten said as lead manager. The 118 last came to the market In JuneReuter - 269 words
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Article347 1977-11-03 5 Reuter LONDON, Wed. On a 10 per cent sales increase, Plessey reported pre-tax profit rose 19 per cent from £18.39 million to £21.88 million in the six months ended Sept 30, 1977. Sales amounted to £239.1 million compared with £266.9 million in the previous half. OnReuter - 347 words
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340 1977-11-03 5 FRANKFURT, Wed. The current steady, almost lacklustre, tone on the German capital market will persist at least until the end of the year unless the Bundesbank enlivens trading by lowering key interest rates, bond dealers said. For around si* to eight weeks the market340 words
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815 1977-11-03 5 NYT NEW YORK, Wed. After breaching the US$lOO billion level for the first time earlier this year, the annual rate of corporate profits fell back In the third auarter but still managed to now a modest gain over the tear before, according toNYT - 815 words
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Article154 1977-11-03 5 FRANKFURT, Wed. Berliner Handels-und Frankfurter Bank said it expects 1977 German dividend yields, including the new corporation tax credit for domestic shareholders, to range up to eight per cent. The bank said In a study the power utility Berliner Kraft-und Llcht (Benag) AG Is expected to154 words
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Article111 1977-11-03 5 NORTH AMERICAN COMPANIES CONSOLIDATED Edison Co of New York Inc said that calendar 1977 earnings may decline from those reported for the 12 months ended Sept. 30, 1977, and there Is likely to be a further decline In 1978. The company antl- clpates negative pressures111 words
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Article89 1977-11-03 5 Reuter EXXON USA said it has received the results of first production testing of its Point Thomson wildcat on Alaska's North Slope and has set additional tests T? e JS e has been drilled to 13,298 feet and a 4W-lnch liner was set at 13,295 feet n aReuter - 89 words
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Article48 1977-11-03 5 Reuter NESTLE SA said its board has approved the company's bid for Alcon Laboratories Inc of the US at US$42 a share cash. It will be made through a US subsidiary and is still subject to certain conditions. it said, but gave no details. ReuterReuter - 48 words
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Article53 1977-11-03 5 PROCTER and Gamble Co said an 11 per cent earnings Increase for the first quarter ended Sept 30, 1977, was primarily due to some recovery in profit margins on coffee products. The company said a five per cent increase in first quarter sales was due to53 words
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211 1977-11-03 5 Reuter INTERNATIONAL Paper Co said It plans to spend about US$65 million to reduce production costs and Improve productivity at four of its pulp and paper mills. The company said It will spend about $41.2 million at its Gardiner, Oregon, contalnerboard mill to expandReuter - 211 words
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Article165 1977-11-03 5 seller bach CorD said it expects 1977 net Income will "at least meet and probably exceed the company's second best net earnings of US$4.2B a share" in 1973. Last year, the company earned $3.88 a share. Crown Zellerbach's record earnings were $5.00 a share in 1974 In165 words
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122 1977-11-03 5 AP CONTROL Data Corp. has pledged not to expand its business operations in South Africa, reaching a compromise with requests from an international religious organisation. The United Church Board of World Ministries reportedly asked more than 300 US firms doing business there to ceaseAP - 122 words
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Article190 1977-11-03 5 IU International Corp in reporting third quarter earnings said earnings contributions were up in five of six major markets, with contributions improving in land transportation, utilities, industrials, distribution and agribusiness. IU said land transportation and Industrials had sharply higher earnings, posting gains of 40 per cent and190 words
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Page 5 Advertisements
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Advertisement153 1977-11-03 5 nusimum imsim EQurman mode luelLuioiits uielLsells uie# Reliability, performance, quality of production and value for money, that's how Australian industrial equipment and machinery have gained increasing sales in world markets. The range is wide. From press brakes, guillotines, packaging machinery and materials handling equipment to pumps, machine drills, electric motors,153 words
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Article2352 1977-11-03 6 Gr'» Gr't Net 1*77 Last Div Div Y'ld P/E Vol Day Hifh Low Company Sale +OT- C'vr cooo) High Low SECTION ONE INDUSTRIALS 154 134 Acma 135 12.ON 1.8 8.8 6.3 204 165 Alcorn 165 10.0 0.5 6.0 26.6 lie 58 Allied Choc 101 unch 20.2 8 102 1012,352 words
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Article1331 1977-11-03 6 BID utd offer arint Itoted mm* btrntoaaTtoald fpM to the Stock Eiduafi of SingsP°r* yesterday witk the mto of •haree traded ikm to toachete to toU of I.M uaita ualees (tktnrlM apecifled. All Tin* Setttomoat Contracts are quoted after the ward -Sett." Big Baud daaia (to tote1,331 words
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Article1379 1977-11-03 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS A una (1.408). Altam (1.678 1.738). Alex. MsM (0.998). A. CUM1,379 words
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Article51 1977-11-03 6 STRIKING prices of the stock optigns officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and businese done yesterday, with then umber of op- tions traded shown in brackets. C and C (Dec 51.90) (0.40B). U O B (March $3.00) (0.128 0.155) (1)51 words
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Article141 1977-11-03 6 SINGAPORE UNIT TKU8T INCOME BOND UNIT The Commerce 1.73 i.jj The Saving Fund 1.04 1.10 S pore Prog Fund o 82 o 17 S pore Security Fund 1.01 1.70 S pore Invest fund ON 1.03 ASIAN UNIT TRU8T (Mu«|m prim far No* 3) Mai Invest Fund 162 1.73141 words
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Article172 1977-11-03 6 B O T 8 1/2% 1981 (100,000) (1008 100*8) B O T 7 8/8% IM4 (100,000) (9658 97SS) LTCB J 1982 (100,000)(98*B 98S8) Credit LyannmU Floating 1983 (100,000) (97*8 988) DBS Convert* I 1/2% 1991 (100,000) (968 978) D B 8 8 1/2% 1982 (100.000) (9958 100SS) E172 words
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Article128 1977-11-03 6 Rep Spore D Mark 7% 1982 (100,000) (100 SB 101*8) Rep Spore 8 1/2% 1983 (100,000) (1008 100*8) Rep Spore 7 3/4% 1987 (100,000) (99*8 100*8) 4 3/4% 1/5/79 (250,000) (100.308 100.408) 5 1/4% 15/19/79 (250,000) (100.SOB) 8 3/4% 15/8/89 250,000) (104.758) 5 3/4% 1/V7B-80 250,000) (2) 100.95128 words
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Page 6 Advertisements
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Advertisement177 1977-11-03 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 who177 words
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Article, Illustration649 1977-11-03 7 STEADY conditions ruled on the Stock Exchange of Singapore yesterday with trading centred on Nanyang Pieaa, which rose to a high of $2.00 at the height of the active dealings. Interest in this counter continued unabated and market sources reported that many deals were written on contra649 words
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Article398 1977-11-03 7 OPERATORS continued to adopt a wait-and-see approach to trading yesterday as the Kuala Lumpur stock market drifted. However, trading was still slow and coupled with the low volume generally reported, the market appears to have moved back onto the consolidation trail. Opening quotations were on a slightly398 words
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INTERNATIONAL STOCK MARKETS
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Article390 1977-11-03 7 HONOKONO: Share prices closed sharply higher In very active trading on Increased turnover, with moderate profit taking towards the clow, dealers said. The Hang Seng Index rose 9.98 points to 432.23. Blue chips and properties were in demand on local buying interest, they said. Jardine Mathoson rose 00 to390 words
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Article489 1977-11-03 7 TOKYO: Share prices closed slightly higher following the recovery of the US dollar, dealers said. The Dow Jones average rose 3.74 points to close at 5,024.82 on a volume of 210 million shares. The new index closed at 374.18, up 0.60. Many shares fell sharply In early trading, with489 words
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Article430 1977-11-03 7 BYDNEY: The market was quietly easier, with sentiment depressed by some unfavourable company news and the lack of any stimulus such as moves towards lower Interest rates, dealers said. The Sydney All-Ordinaries index fell 2.37 points to 450.48. Among minings, Paacontinental lost 20 cents to $8.50 and Queensland Minos430 words
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Article143 1977-11-03 7 MANILA: The market closed lower across the board after two days of holiday, with turnover dropping to 0.63 million pesos from Friday's 7.87 million, dealers said Atlas and Marinduque lost three and two points respectively while other mining Issues held steady. Oriental rose one point but other oil issues143 words
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Article127 1977-11-03 7 NOV 82 Bahta Asia Fibre 280 +5 Bangkok Bank 437 +4 Bangkok Invest. 350 +8 Bangkok-Metro-politan Bank 3090 Bata 790 13 BerUJucker 620 -4 Charoong Thai Wire 331 ♦7 Dumex DusltThant 328 ♦8 Faber Merlin First Trust 298 ♦6 Genera Finance 343 10 Indo-Thal Industrial Finance Corp 2405 90127 words
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Article288 1977-11-03 7 AMSTERDAM: The market eased in quiet conditions due to widespread European market closures and Wall Street's overnight weakness, dealers said. Dutch Internationals fell although AKZO was unchanged. Transports, banks and Insurances were mixed. Trading and Industrial stocks were mostly easier. Among Isolated gainers were Ocegrinton, Naardea and Bols. State288 words
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Article263 1977-11-03 7 FRANKFURT: Shares rote to a high for the year In fairly lively trading despite the holiday closure of other Oerman bourses, dealers said. In motors. BMW gained 3.70 marks and VW three. AEG roae 2.40 in active trading, though Siemens put on only 0.00. Banks firmed up to 2.40,263 words
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Article291 1977-11-03 7 ZURICH: The stock market closed slightly lower In quiet dealings with the continued weakness of the dollar and the closure of several continental bourses a restraining factor, dealers said. Swissair eased In transports on further profltUklng. Leading banks were steady with bearer shares of LEU and KrwUtanotalt gaining slightly.291 words
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Article359 1977-11-03 7 JOHANNESBURG: Oold shares were firmer, reflecting bullion Indications, dealers said. Financial minings were higher in line with producers. Elsewhere, De Beers gained 12 cents at 475. Metal markets were also higher, with platinum share Rusplat six cents up at 114 following a production cutback announcement. Gains in the sector359 words
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Article301 1977-11-03 7 iukukto: snare prices closed lower in active trading as sharp losses in the metals, real estate and transportation sub-groups drove the composite index down almost five points. The metals Index was off 15- points as Noraada "A" dropped 1-% to $19-%, laoo "A" lost to $18-% and Faleoabridge Nickel301 words
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Article1110 1977-11-03 7 NEW YORK: Fresh concern about rising interest rates sent stock prices sharply lower over a wide area in light trading. Analysts said Investors' concern about tighter money began on Monday when the Federal Reserve tightened Its credit policy by allowing the short-term federal funds rate to rise. Federal1,110 words
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Article12 1977-11-03 7 THE Paris, Milan and Brussels markets were closed for national holidays.12 words
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Article63 1977-11-03 7 FINANCIAL TIMBB INDUSTRIALS Monday 409 1 506!s Week A jo 814.7 DOW JONK8 AVERAGE industrials 806.91 J™** 816.36 Week Ago 801.54 LONDON DOLLAR PREMIUM Monday 97 to 97* ma** 92* to 93 H.E. HANG SENG Monday 422 27 41T79 Week Ago 413.54 SYDNEY INDUSTRIALS Monday 3*0 n FrW«y 300i0763 words
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Article188 1977-11-03 7 Reuter CANBERRA. Wed. Environment Minister Kevin Newman said a bill he Introduced yesterday provides for federal payments to aid MT Lyell Mlnlng and Railway Co's Tasmanlan copper mine until June 30, 1978. The legislation will enable the federal government to give MT Lyell aid onReuter - 188 words
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Article85 1977-11-03 7 Reuter BASLE, Tues. Ste Internationale Pirelli SA said sales of its subsidiaries In the first nine months were higher than in the same 1979 period even when expressed in Swiss francs, but gave no figures. Results overall were satisfactory, It said In a state- ment following its annualReuter - 85 words
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Article61 1977-11-03 7 Reuter BUENOS AIREB, Wed. Siemens AO of West Germany has been awarded a contract to supply about US$39 million worth of telephone equipment to the Argentine state-owned telephone utility Empresa Naclonal de Telecommunlcaclones (Entel). Entel said under the agreement It will buy 77,400 new lines and 135,000Reuter - 61 words
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Article62 1977-11-03 7 Reuter ZURICH, Wed. Tlroler Wasserkraftwerke AO, an Austrian electricity company, will float an 80 million Swiss franc 4.5 per cent 15-year loan on the Swiss capital market from Nov 10 to 15, Credit Suisse said as issuing consortium leader. Issue price of the loan, which is guaranteedReuter - 62 words
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Page 7 Advertisements
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Advertisement551 1977-11-03 7 For complete banking services, call: 2 Ckil SlrMt rr3"sTs!sii) ■anfc of Amarka CKHard Cantra 24 MMm Mac* oTT7 322) Am CmhmkM Banil ma Caran M 104/10* Rahinaan Raad ftrsss. 1 Amw Fairtik-Bank AC o»ardaaa Unran Shapp'nt Cantra. Mauaikina Haat 94 Cattyar Quay (Tai: 011.055) Banca Caaiinaniala Itaiiana S>m Shinf Kwan551 words
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COMMODITY REPORTS AND PRICES
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Article413 1977-11-03 8 vI OPENING prices In the xSingapore rubber market yesterday were marked up 1.25 cents on higher overseas advices but later fell back slightly on some profit-taking. .Towards the morning close, prices improved again In thin trading. The market closed steadier with November RSS One buyers413 words
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Article30 1977-11-03 8 Rubber: Nov 2 Singapore: November 206.50 cents (up 0.50 cent) Malaysia: November 206.50 cents (up 0.50 cent) Tin: $1,842 (up $12) Official offering: 175 tonnes (down 66 tonnes).30 words
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Article325 1977-11-03 8 R A 8 prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R S S prompt f.o.b. 205.75 208 75N 205.50 208.SON Int 1 R S 3 Nov 208 50 207.00 208.50 207.00 Int 1 R.S.S. Dec 208.75 209.25325 words
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Article95 1977-11-03 8 NOON SSR and SMR prices yesterday: R.A.8. No» (Curr •at Mtk) (F«r ii Buyer* Seller* Buyer SelVen (cast! 1 per (em it* parks) SSR 20 (1-ton pallet) 201.00 203 OON 202.00 204. OON SSR SO (1-ton pallet) 190.SO 200.SON 190.50 201. SON M.R.E.L.B SMR5CV (1-ton pallet) 219.5095 words
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Article201 1977-11-03 8 BANOKOK, Wed. Indicative prices for rice quoted today were: (US dollars per tonne fob basis Bangkok): White Rice: 100 pet Ist class 308, 100 pet 2nd 294, 100 pet 3rd 288. 5 pet 279, 10 pet 280. 15 pet 257, 20 pet 254. 25 pet 247, 35 pet unq.201 words
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Article497 1977-11-03 8 BUSINESS was lacklustre on the produce market yesterday with all the commodities holding barely steady in low volume trading. According to the official list issued by the Singapore Chinese Produce Exchange, all prices were unchanged. However, deals were carried out at between one and 2 per cent above497 words
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Article264 1977-11-03 8 LONDON, Wed.- Coffee futures opened £5 to £23 lower on turnover of 395 lots. The official tone was "slightly easier". Initial buying pushed prices up about £15 from yesterday's close following slight Increases In New York prices. Later, however, fairly good commission house selling developed. Trade houses were on264 words
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Article66 1977-11-03 8 C.I F Rotterdam. US dollari per ton. LONDON: Tinaday Previous Malaysia 5% ffa bulk Dec unch 435 sir Sumatra 5% ffa Nov unch 437.50 pd Dec unch 427 sir Jan 418.50 pd 417.50 sir Feb 417.50 pd 422 50 sir March 417.50 pd 420 sir Nigerian 5H ffa66 words
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Article233 1977-11-03 8 LONDON. Wed. Terminal sugar opened by t0.20 to 10.65 up on Tuesday night partly reflecting currency factors, dealers said. They said sentiment was also possibly influenced by Jordan buying tender for 80,000 tonnes of white sugar for arrival between December this year and next December, while news of a233 words
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Article241 1977-11-03 8 THE Straits tin price In Penana yesterday rose MII 2 to $1,842 on an official offering down 66 tonnes to 175 tonnes. The rise was attributed to lower turnover coupled with buying support from the US, Europe and Japan. In LONDON, yesterday, tin standard closed the morning with241 words
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Article272 1977-11-03 8 LONDON, Wed. Terminal cocoa opened £28 up from Tuesday night to £2.50 lower after initially trading near £40 limit up levels in Dec, 1977 at £2,505 per tonne. Dealers said sentiment now appears distinctly bullish in view of tightness of nearby physicals highlighting lack of Oct shipment Ivory Coast272 words
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Article137 1977-11-03 8 HONGKONG, Wed. Cotton futures fell to new lows on strong selling from trade and brokerage houses, in anticipation of further decline In tonight's New York market, dealers said. The market closed sharply lower with losses ranging from U50.75 to one cent. March and Julv were traded at record137 words
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Article191 1977-11-03 8 YARN and cotton in Hongkong dollar*, spot ex-god own Cettaa Vara China Blue Phoenix 20 s 1.870. 32't 2,020,40 1 2,100, (per bale of 400 lbs). Plm GomU: China Butterfly and Olobe Brand unq, Dragon Head una. Flee Lamb* uno. Dower and Butterfly unq. Flying Oeeae unq. (per191 words
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Article135 1977-11-03 8 CHICAGO, Wed. After a shaky start and narrow price fluctuations to either side of the previous close yesterday, soybean futures charged upwards and finished the session near the day's highs, posting gains of UBlB* to 10* cents a bushel. The lack of buying Interest was matched by an absence135 words
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Article117 1977-11-03 8 CHICAGO, Wed. Wheat futures shrugged off «m»n early losses yesterday, benefitting from spillover buying from other pits to close UB2* to 1* cents »bS higher. Prices slipped from a firm opening on a lack of buying interest and professional selling but turned upwards as strength developed In soybean and117 words
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Article299 1977-11-03 8 LONDON, Wed. Copper wire bars finished the morning with losses of £2.50 for cash and £2 for Three Months. The early pre-market steadied on short-covering against some West German physical demand and a softer tendency In sterling, dealers said. Three Months worked up to £656, but a lack of299 words
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Article199 1977-11-03 8 LONDON, Wed. Silver ended the morning with losses of mostly 0.50 pence. Values drifted lower under small scale general liquidation prompted by the easier trend in gold and the subsequent steadier tendency in sterling, dealers said. Three Months traded on the early pre-market at 267.5 pence but slipped back199 words
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Article325 1977-11-03 8 THE kllobar market In Singapore opened at 8512,516, yesterday and closed at 5512,530 with a narrow fluctuation of 5530.00. In the London market, the metal opened at U*****.15/45 and closed at U*****.20/45. The London morning fix was U*****.75, down 75 cents on the previous fix. Source: Sin (mu Retail325 words
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Article92 1977-11-03 8 LONDON, Wed. Lead was unchanged for cash ane Three Months at the end of the morning ring. Market sources said, values displayed a basically steady trend with Three Months fluctuating in a rang of £354 to £356 before last kerb business at £354.25. On Tuesday, lead closed with losses92 words
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Article86 1977-11-03 8 LONDON, Wed. Zinc was £2.25 higher for cash and £2.50 up for Three Months at the end of the morning ring. Dealers said the market was more stable now that European producers had generally conformed to a price level of USS6OO per tonne following the latest cuts. This still86 words
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MONEY AND EXCHANGES
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Article563 1977-11-03 8 IN LINE with the overnight overseas markets' trend the US dollar staged a small rally on the local market yesterday. Against the Japanese yen the dollar opened at 245.45/ 60 In the morning and was traded up to 246.15/ 35. It reached the day's high of 248.00 before sellers563 words
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Article43 1977-11-03 8 ACBC Firat PkiraM I Citibank 7 1 Bangkok Buk HSBC 7 7 Bank of China Bank of Tokyo 7 7 Malayan Banking 7 7 Bank Negara OCBC OUB CS 7 L'CB 7 Chiie Manhattan DBS 7 UMBC UOB 7 743 words
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Article146 1977-11-03 8 Asian rates ASIAN currency deposit rata* u at clow on No* 2 Interbank iter* 1 mth 2 mths 3 mths 6 mths 9 mths 12 mth* US Dollar* (Spot) OflW BM SV8 51/2 7/18 .71/1# 15/1# .71/4 71/8 7 9/l« 7 7/18 .711/lt 7 9/18 .73/4 75/1 1 mth 3146 words
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Article45 1977-11-03 8 RANOE of prtccs offered by discount houses on Nov 2 Overnight to 3*% Call deposit 2% to 3K% Ooamf S*lln« 3-Month Treasury bills 33/l( 31/14 3-Month Bank bills 411/11 4 9/16 3-Month CD 5 3/16 8 •-Month CD bin 511/16 Source: National Discount Co.45 words
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Article114 1977-11-03 8 Euro rates LONDON, Tues. Trading Interest In Eurodollar deposits was light at the outset with operators waiting to see how the dollar trades In the foreign exchange market, dealers said. Fixed dates were adjusted downwards Initially to take account of the Friday dealing technicality and have since shown little change.114 words
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Article50 1977-11-03 8 THE Monetary Authority of Singapore invites banks and discount houses to tender for: (a) $30 million 91-day Treasury bills to be issued from Nov 7 to 11 (b) $20 million 182-day Treasury bills to be Issued on Nov 8 Each tender must not be less than $250,000.50 words
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Article184 1977-11-03 8 LONDON, Tues. The dollar firmed slightly* against most leading currencies In opening trading where dealers reported good two-way business. Sterling fluctuated down to US$l.B4 from a stronger early indication of $1.8465/85 and against $1.8430/50 at yesterday's close, but showed signs of steadying as business developed, dealers said. The yen184 words
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Article179 1977-11-03 8 NEW YORK, Wed. Sterling fell further In active trading yesterday to close with a loss of more than one cent on the day, while the dollar ended lower against several currencies, dealers said. The pound declined to US$l.B3BO/90 at the close from $1.8500/10 at New York's opening after179 words
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Article113 1977-11-03 8 TOKYO, Wed. The dollar for overnight delivery closed at 247.50 yen In hectic trading, up from a 246.50 opening and 247.00 at yesterday's close, dealers said. The Bank of Japan bought an estimated US$5O million in early business, but no intervention was detected in later trading, they said. Combined113 words
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Article136 1977-11-03 8 HONOKONO, Wed. The dollar generally eased here after staging a modest recovery earlier In the day, closing at 246.50/ 70 yen from the mid-day 246.70/ 247.00, while remaining above New York's 246.15/ 30 close, dealers said. Sterling rose to U551.8465 80 from New York's $1.8380/ 90 close, but trading136 words
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Article48 1977-11-03 8 ZURICH exchanges closing quotes on Nov. 1. US 3.2142-2152 uk 4.057»-ooia Can 2 0083-0078 W Oerm 06 93-98 00 Neth 91 87-98 France 48 00-19 Belf unguoted Denm M 48-49 Norw 40.75-78 Bwed 48.50-53 Italy unquoted Austria unquoted Port unquoted Spain 2.88-Sk-87 Art 0.45-55 Japan 0 BMB-807948 words
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Article54 1977-11-03 8 AUSTRALIA/ NZ exchanges quoted on Nov. 2. AUSTRALIA aterihM 0 6195/ 0.8134 US do&tf 1.1547/ 1.1200 Ninety-day air mall buying rates: Sterling 0.8337 US doDan ***** Ninety-day forward buying rata*: Sterling 0 8122 US dollar* 1.1273 NSW ZEALAND Sterling 0.5431/ 0.53*1 US doUar 1.0031/ 0.0531 Ninety-day forward rate: Starting54 words
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Article36 1977-11-03 8 FRANKFURT exchanges opening quotes on Nov 2. US 2 2305/98 Can 2.S3IVX UK 4.125/ US Neth 92 85/98 Swtti 101.30/30 Italy 2 55/58 Prance 48.00/70 Norw 41.10/30 Belg com 0.30/40 Belg fin 8.35/3S Japan 0.0005/0036 words
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Article289 1977-11-03 8 Eurobond price* quoted 01 n Nov 2 Straight* BM Oflkr Fud Bank OSM (Holland) SW 87 BNDE( Brazil) 9*84 Sweden 7* 82 Sweden 8** 87 Walter Kldde 8 W8S Pemex 8 82 IU Overseas Finance 8*87 New Brunswick 8 84 Selection Trust 8* 88 rial 8 82 Hydro Quebec289 words
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Page 8 Advertisements
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Advertisement390 1977-11-03 8 NEW from Penguin o 1976 Nobel Prizewinner 1976 Nobel Prize Winner is at his best again in his latest book To Jerusalem and Back'. As with his recent best-seller 'Humboldt's Gift', Bellow's brilliant images emerge at frequent intervals like sunshine through fog, witty, clever, radiantly imaginative and without doubt. Bellow390 words
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TRANSPORT AND COMMUNICATIONS
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697 1977-11-03 9 NYT NEW YORK, Wed. 'There are 190 seats left at 3 pm and there are no lines. Please bring your luggage and passport with you when you come to purchase your ticket. That was the word on a recent weekday afternoon fromNYT - 697 words
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Article242 1977-11-03 9 EMPRESA Lineas Maritimas Argentina! (ELMA) ia the Argentine National Line which operates a monthly liner service between Singapore, Weat Malaysia, Argentina, Uruguay and Brazil. Elma ia also accepting cargo to and from Durban. At present, Elma operates six fast newly-built vessels which are equipped to carry containers, refrigerated242 words
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282 1977-11-03 9 AP NAIROBI, Wed. Kenya's ban on direct air service between Nairobi and Dar Es Salaam, Tanzania went Into effect yesterday, altering Africa's busiest air route from a quick hop into a costly, time-consuming affair. Passengers wanting to make the previously 45mlnute air JourneyAP - 282 words
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Article737 1977-11-03 9 COMECON SHIPPING FT LUXEMBOURG, Wed. Shipping Is at last getting close attention from EEC policy-makers. The catalyst for this has been the astonishing growth In Comecon fleets' share of bilateral trade with the EEC and also of Western Europe's traditional "cross trades" with third countries.FT - 737 words
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Article, Illustration436 1977-11-03 9 EXPECTED ARRIVALS TODAY KEPPJSL WHARVES Alexey Tolstoy (after Selatan Jaya Kristin Bakke) 8/9 Berezovka (after Hiroshima Maru sails) 13/14 Bremen Maru (JKKU) (after Lammfe Island) 15/16 Cherry Vllja (B. Barge) (1600) 48 Hiroshima Maru (Tanker) (1300 after Straat Forcados hauls subject gas free P/O) 13/14 50 Let Sovetskoy436 words
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490 1977-11-03 9 UPI UNITED NATIONS, Wed. The UN Bpeclal Political Committee unanimously approved yesterday, a resolatlon calling on ail 149 member nations to tighten airport security and enlist in international efforts to control hijacking The draft resolution, sponsored by 50 nations, was aimed atUPI - 490 words
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Article164 1977-11-03 9 AP LONDON, Wed. Rates for US grain and coal shipments to Japan continued to move higher during a slow day on the London freight market yesterday. A new 1977 peak was achieved on the US GulfJapan grain run by the prompt loader Emerald City, which got 113.50AP - 164 words
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Article707 1977-11-03 9 ARRIVALS Service Local Operator Number Time From CPA CX003 0145 HKO MAS MH601 0715 Kin. MAS MH682 0810 KCH 8IA 8Q101 0615 KUL MAS MH821 0650 PEN MAS MH807 0000 KUL MAS MH671 0045 PEN/KUL SIA SQ103 1015 KUL GIA OA 980 1030 HLP CPA CX710 1035707 words
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Article124 1977-11-03 9 AFP HONGKONG, Wed. China has agreed to sell' Its first domestically built container ship to a Hongkong shipping company, it was reported here today. The local left-wing newspapers, Ta Kung Pao and Wen Wei Po, said the 17,500ton vessel was being built In Shanghai and was expectedAFP - 124 words
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Advertisement195 1977-11-03 9 Give us a man fbra monthwell give him a language for life Wigus now the largest group of language schools in the world offers a range of intensive language courses specifically designed for the busy executives whose work and position require them to attain a high degree of proficiency in195 words
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Article, Illustration6526 1977-11-03 10 POST-WAR BANKING IN SINGAPORE THIS emy by 22 year-old Mr. Alvin Tay Tuan Hearn, second-year economics undergraduate at the University of Singapore, took* first place in the Pre-University Students and Undergraduates section of the first National Banking and Finance Essay Competition, when6,526 words
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Page 10 Advertisements
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Advertisement234 1977-11-03 10 It I *3 A 9 T $37/per copy THE HAMLYN PICTORIAL ATLAS OF THE WORLD A modern and comprehensive atlas has uecome 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,234 words
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366 1977-11-03 11 AFP Reuter HONGKONG, Wed. Deputy Director of Trade John Chan is expected to leave for Canada later this week for textile talks with government officials there, It was learned today. These consultations will cover two restricted Hongkong products, bedsheets and polyester filament fabrics, but Mr.AFP; Reuter - 366 words
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265 1977-11-03 11 Reuter SEOUL, Wed. South Korea further restricted short-term foreign exchange transactions to stem the sharp rise In the country's foreign exchange reserves. The Finance Ministry said It shortened the period of repayment for credit imports to 120 days from the present 150, and bannedReuter - 265 words
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Article168 1977-11-03 11 Reuter MANILA, Wed. Philippines gross national product growth per head of population is expected to Increase In the next 10 years from 1,667 pesos (Sss7l) to 2,752 pesos. The National Economic and Development Authority projections also expects the population to grow from 45 million t059Reuter - 168 words
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Article188 1977-11-03 11 A WELL-KNOWN US boating magazine, reputed to 'be one of the largest In the US, has sent one of Its correspondents here to study the skills of American Marine, Singapore's leading pleasure boat builders. Mr. Jack Smith of the Yachting Magazine (US) is here for a188 words
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Article95 1977-11-03 11 THE United Overseas Bank group's on-line savings account system will provide Its customers with the largest network of branches among commercial banks In Singapore, according to the group's October newsletter. Deposits and withdrawals can now be conveniently made at any of the 45 branches of the United95 words
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139 1977-11-03 11 HONGKONG, Wed. World watch production is expected to reach more than 300 million pieces by 1980, of which a third will be quartz watches. This was predicted here today by Mr. Elichi Yamada, president of Citizen Watch Company, who is here for the 15th139 words
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Article422 1977-11-03 11 Reuter TOKYO, Wed. VlceMlnlster of Finance for International Affairs Mlchlya Matsukawa said the yen's recent rise has been too rapid, and speculative pressures have been Involved. Mr. Matsukawa said the government has no intention at present to check speculative Inflows of short-term capital. AskedReuter - 422 words
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Article95 1977-11-03 11 AFP BANGKOK, Wed. Asean has called on the European Economic Community (EEC) to extend a US$5 million (Ssl2 million) assistance for the setting up of an agricultural training centre In Bangkok. A Commerce Ministry official said the request was made at an Asean-EEC meeting in Brussels lastAFP - 95 words
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Article230 1977-11-03 11 MORE employers should Introduce apprenticeship schemes for their Industrial workers. The MP for Buklt Merah, Mr. Llm Chee Onn, said this during the opening of new workshop extensions at Buklt Merah Vocational Institute. He said such schemes will benefit employers as they raise productivity, boost morale230 words
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Advertisement140 1977-11-03 11 CORPORATE ANNOUNCEMENTS CARRY MORE WEIGHT IN BUSINESS TIMES U nwtf'g! Lit sfcjS&sS n^.Vars.—3 %x V/ OUTW FAC !S£TP CTILg WW""* AMD m WMDMIai «n scissti^'« V N W V q •Be*-It-iJ a!! nZ n *">c* ."r^, w&y*sw&J i2^2255 I*'1*' :gr~ .Yw^^aj^ o-titfß VSES^^S *"<tk v\m At" 06 -</ 1 x140 words
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Article, Illustration252 1977-11-03 12 THE Institute of Banking and Finance will launch a new programme next year to meet the needs of the coming years. Mr. Tan Choon Tee, director of IBP, said this yesterday when he spoke on banking education In the Republic at a University of252 words
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248 1977-11-03 12 LEBLOND Incorporated of the US will be launching a major marketing programme In the Asla-Pacl-flc region. This will coincide with its participation in Machine Asia, the Southeast Asian Production Machinery and Engineering Equipment Show which starts at the Hyatt on Nov 7. To248 words
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271 1977-11-03 12 Reuter KUALA LUMPUR, Wed. Malaysia will produce about 4 million tonnes of palm oil and 700.000 tonnes of palm kernel in 1985 if current expansion rates continue, Primary Industries Minister Musa Hitam said. speaking at the first board meeting of the Malaysian Palm OilReuter - 271 words
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Article125 1977-11-03 12 Reuter COLOGNE. Wed. German bank creditors of the collapsed Bankhaus Herstatt will receive 55 per cent of their deoosits with Herstatt, the same settlement quota as foreign banks and local authority depositors, the settlement manager and liquidator said. Under the original settlement terms. German bank creditorsReuter - 125 words
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Article707 1977-11-03 12 LONDON, Wed. The market showed further substantial falls in thin trading on continuing concern over the impact on the British Government's pay policy of the coal mlners's vote against a. productivity scheme, deafen said. Bonds lost up to 1/8 point and equities rallied by a penny or two707 words
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640 1977-11-03 12 AMMO-6 CONFERENCE TECHNOLOGY transfers can be effected to developing countries without the latter necessarily having to pay an exorbitant price for them. Mr. N.H. Tata, deputy chairman of the Tata Group of companies of India, said at the AAMO-6 conference yesterday that such640 words
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Article215 1977-11-03 12 Reuter TOKYO, Wed. Japan s export letters of credit received in October rose 21.4 per cent to U554.92 billion (Ssll.B billion) from $4.06 billion in October last year, the Finance Ministry said. The year-on-year growth rate was down from 23 per cent in September, itReuter - 215 words
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Article, Illustration350 1977-11-03 12 TRADE unions In Asia will be Increasingly active as Industrialisation in the region grows, exerting pressures equal to what is now evident in Australia. Mr. Donald Dunstan, premier of South Australia said that these pressures are already evident in developing countries, although the activities350 words
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465 1977-11-03 12 UPI CANBERRA, Wed. Australia's roving ambassador on nuclear energy Justic Russell Fox, today warned the Australian government that he doubts US policy on nuclear reprocessing will work. An Australian Foreign Affairs department document which relates a summary of talks held recently between Mr.UPI - 465 words
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314 1977-11-03 12 A LEADINO Indonesian businessman suggested yesterday that Asean should seriously consider setting up a clearing house for regional managerial talent to serve entrepreneurs In the region who may need more realistic and practical advice tailored to regional conditions. Mr. T.A.314 words
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633 1977-11-03 12 THE Asean Development Bank looks good on paper/ But it will take a long time before such an idea can bf translated Into reality. This Is the generaf reaction of Asean banking circles to the proposal to set up this bank to633 words
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163 1977-11-03 12 NORWEGIAN manufacturing investment In Singapore hat doubled In the last five years.' The figure now stands at $19.8 million compared with $10 million In 1972. according to the latest tally by the Norwegian Embassy In Singapore. While the number of establishments may be163 words
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Article48 1977-11-03 12 SINGAPORE Airlines starts direct non-stop flights between Singapore and Auckland today. Pending the introduction in November next year of its own DC-10 aircraft, of which four have been ordered, SIA will operate DC-10 capacity leased from Malaysian Airlines System and Air New Zealand.48 words
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Article65 1977-11-03 12 Reuter WASHINGTON, Wed. President Carter signed a US$6.7 billion (Ssl6 billion) foreign aid bill that contains prohibitions on US military and economic aid to various countries said to be violating human rights. The bill bans direct aid to Uganda. Cambodia, Laos, Vietnam, Mozambique, Angola and Cuba.Reuter - 65 words
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Page 12 Advertisements
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Advertisement237 1977-11-03 12 %w W W; -V— W 4CP% *>» v •'-V YOU ARE COVERED All that are of interest to you In the October 1977 Issue From Selangor, the State with the mostest to Swasta Notes From The Kelang Valley of Tomorrow to the peacock's plumage From bumiputra participation in construction to237 words
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