The Business Times, 1 July 1977
1977-07-01
1
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The Business Times
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Title Section9 1977-07-01 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, JULY 1, 1977 SOCENTS9 words
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NEWS IN BRIEF
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Article58 1977-07-01 1 Reuter NEW YORK, Thurs. Iraq's oil minister was quoted today as saying his country would join nine other Opec members in foregoing a 5 per cent price rise on July 1 but was waiting for Saudi Arabia and the United Arab Emirates to increase theirReuter - 58 words
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Article50 1977-07-01 1 AFP MANILA, Thurs. President Marcos today set up the Philippines' first flag carrier for pure cargo air operation. Mr. Marcos designated Philippine Aerotransport Inc. (PATI), a government subsidiary, to handle the air cargo service. The Philippine Air Lines (PAL) Is the country's flag carrier for passengers. AFPAFP - 50 words
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Article53 1977-07-01 1 AP WASHINGTON, Thurs. US President Jimmy Carter said today he hopes to work out an agreement with China establishing full diplomatic relations. At the same time, he Indicated formal ties with the Taiwan would be cut, but that the United States would maintain trade, cultural andAP - 53 words
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Article57 1977-07-01 1 Reuter LONDON, Thurs. British Prime Minister James Callaghan today stated categorically that Britain had no Intention of withdrawing from the European Economic Community. He said this at a meeting with a delegation of the EEC's employers organisation before presiding over the final session here ofReuter - 57 words
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Article57 1977-07-01 1 Reuter MORIOKA (Northern Japan), Thurs. Japanese Prime Minister Takeo Fukuda said his government plans to reduce Its trade surplus by importing more Industrial goods. Mr. Fukuda, speaking during a campaign tour before next month's Upper House elections, said surplus funds from exports will be used toReuter - 57 words
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Article34 1977-07-01 1 MR. J.F.Concelcao, Member of Parliament for Katong, has been appointed Singapore's ambassador to Moscow. Mr. Concelcao's appointment follows concurrence from the Soviet Union. He replaces the late Mr. P.S. Raman.34 words
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Article38 1977-07-01 1 Reuter WIESBADEN, Thurs. The West German cost of living index rose a provisional 4 per cent In June over the year-ago month compared with May's 3.8 per cent gain, the Federal Statistics Office said.Reuter - 38 words
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Article86 1977-07-01 1 UPI NEW YORK, Thurs. Stocks were slightly higher early today in active trading in reaction to a 5 per cent drop in farm prices In the latest statistical month. The Dow Jones Industrial average, which lost 2.29 points yesterday, was ahead 1.36 points to 914.69 shortly before theUPI - 86 words
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Chief Price Changes
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Article, Illustration158 1977-07-01 1 SELECTIVE buying is lower-priced share* made for a steadier trend in fairly active trading on the Stock The Business Times index finished 5.71 points higher at 325.46 and the Strait* Time Industrial index gained 1.&7 points to 257.08. Rises Most active Public Bank 245 18 G Lumber158 words
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Article106 1977-07-01 1 Rises Most active MBS 2.39 .17 Ban ar Raya 514,000 K.L. Ind 0.80 .13 Gen. Lumber 502,000 P. Bank 2.43 .12 C. Securities 381,000 Qlenealy 1.10 +.10 Fed. Cables 312.000 O. Lumber 1.14 .08 Total Turnover: 4.51 M Oulnness 4.36 .08 Total Value MS7.15 MI U.A.C. 2.18106 words
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Article352 1977-07-01 1 SINGAPORE financial Institutions will play an active part in the US$4O million (5598.4 million) Euro-Asian bond floated by Long-Term Credit Bank of Japan yesterday. Two Singapore merchant banks are among the 10 comanagers in the floating rate note (FRN) issue spearheaded by First Boston (Europe),352 words
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691 1977-07-01 1 ARTHUR NG - TWO-FOR-FIVE RIGHTS Br ARTHUR NG EXACTLY one week after It had secured a loan of $27 million from a consortium of banks and Its parent, Straits Steamship, Ben yesterday announced a rights Issue to raise a further $7.5 million. The Issue Is691 words
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591 1977-07-01 1 AFP CANBERRA. Thurs. The Deputy Prime Minister and Overseas Trades Minister. Mr. Doug Anthony, said here today It was important to salve "escalating differences over trade between Australia and Asean. His comment appeared to be a sign that Australia was growing Increasingly concerned atAFP - 591 words
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Article358 1977-07-01 1 Reuter UPI VIENNA. Thurs. The Organisation of Petroleum Exporting Countries (Opec) was divided into three oil price camps today but they moved closer to unity following the announcement of a freeze by the majority of its members. Saudi Arabia and the United Arab EmiratesReuter; UPI - 358 words
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Article213 1977-07-01 1 THE proposed Singapore Federation of Chambers of Commerce and Industry (SFCCI) has been agreed to In principle, with Its five constituent members being the four chambers of commerce and the Singapore Manufacturers' Association. This was stated yesterday by Mr. Wee Cho Yaw, president of the213 words
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Article95 1977-07-01 1 Reuter LONDON. Thurs. Common Market summit leaders today bowed to pressure mainly from France to water down their commitment to the principle of worldwide free trade. EEC officials said that a statement issued at the end of a two-day summit here was a clear signal toReuter - 95 words
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293 1977-07-01 1 THE continued fall of the US dollar against the Japanese yen yesterday has led to anticipation that it will drop below the 265-yen barrier this time. In Singapore, the dollar tumbled from the opening of 267.46/50 yen to as low as 266.40/50 before recovering293 words
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Article118 1977-07-01 1 AFP JAKARTA. Thurs. Indonesia has agreed to give preference to 15 of the 71 types of goods listed by the Asean economic ministers under the preferential trade arrangement concluded at their recent conference In Singapore. This was disclosed by Indonesian Trade Minister Radius Prawlro who attendedAFP - 118 words
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Article584 1977-07-01 1 THE managing director of the Monetary Authority of Singapore (MAS) yesterday declared unequivocally that the Post Office Savings Bank (POSB) Is a bank. Speaking at an Association of Banks In Singapore (ABS) luncheon, Mr. Michael Wong Pakshong, said that the POSB. which has584 words
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Page 1 Advertisements
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Advertisement22 1977-07-01 1 SAFE WITH AN ITOKI SAFE 47 Podium Mock. OoMMH Plan. Norton ftoad. Sngipor* 11 T« 2521M44 CatX* BOSNCSTEMS hvavon SEE THIS PAGE \$[[@_|[^<)|`!+%>.=_&;=,?*?;"|=22 words
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Advertisement105 1977-07-01 1 Copy large size originals on one sheet, size for sizeno trimming, no sticking together. Xerox 3103 No matter what the originals. Up to 14" by 18" or 356 mm by 457 mm. solids. Half tones. Or pale blue. The Xerox 3103 gives perfect reproductions. Every time. Size for size. On105 words
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Advertisement138 1977-07-01 1 [!:))/<@"_),&,?$~_{:(,:)"[|<-&* beautifully right on target! The 301 Combines the efficiency of tungsten and the economy of brass. The '301' is a dart with a tungsten nose and brass body butted together, resulting in a dart that's a lot thinner and heavier than just brass and more economical than iust tungsten.138 words
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OVERSEAS
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454 1977-07-01 2 UPI TOKYO, Thurs. The first round of talks for a price reduction of Australian sugar between Japanese and Australian representatives meeting here was deadlocked yesterday, Informed sources said today. The talks are aimed at adjusting differences between fixed prices under aUPI - 454 words
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Article63 1977-07-01 2 Reuter LONDON, Thurs. The UK government plans to Introduce a £160 million (***** million) scheme to help up to 230,000 unemployed young people annually, Employment Secretary Albert Booth said. He told Parliament the scheme, which should be fully operational by September 1978, Includes work preparation and experienceReuter - 63 words
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308 1977-07-01 2 UPI WASHINGTON, Thurs. A leader of group critical of Japanese television export practice* here hat hM that the 62 member nations of the General Agreement on Tarifb and Trade (Gatt) renounce all government subsidisation of exports. Mr. Allen Dawson, cochairman of a labourindustryUPI - 308 words
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703 1977-07-01 2 Reuter GENEVA, Thurs. Sixteen European countries are tearing down practically all remaining tariff barriers on Industrial imports among them to form the world's largest free trade area serving 300 million people. Prom tomorrow the vast majority of industrial goods sold between statesReuter - 703 words
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608 1977-07-01 2 UPI WASHINGTON, Thurs. The Central Intelligence Agency (CIA) followed up Its recent pessimistic and controversial report on world oil demand and supply yesterday with another detailing conclusion that Soviet oil production will soon peak, "possibly as early as next year." TheUPI - 608 words
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214 1977-07-01 2 Reuter LONDON, Thurs. The British Institute of Management told Chancellor of the Exchequer Denis Healey the next phase of wage restraint should be flexible enough to halt the squeeze on pay differentials, an institute spokesman said. While the institute supports the principle ofReuter - 214 words
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Article170 1977-07-01 2 Reuter PARIS, Thurs. The French government today announced it Is to resume wage bargaining with state employees after a threemonth break during which unions staged a series of protest strikes against the government's anti-lnflatlon programme. In a statement, Prime Minister Raymond Barre said negotiations withReuter - 170 words
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471 1977-07-01 2 Reuter WASHINGTON, Thurs. US Commerce Secretary Juanita Kreps said the US economy is expected to slow somewhat from the unexpected high $.9 per cent annual rate increase in the first quarter GNP. However, she said there will still be strong growth through to theReuter - 471 words
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Article44 1977-07-01 2 AFP LONDON, Thurs. Under the threat of anti-dumping action, Japanese hand-tool manufacturers have agreed to Increase by 18 to 23 per cent the prices of their sockets, socket sets and accessories on the British market, spokesman for British firms claimed yesterday. AFPAFP - 44 words
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Article473 1977-07-01 2 Reuter WASHINGTON, Thurs. President Carter's Administration Is far less sanguine about the US trade picture In private than In public, Informed administration sources said. Most senior economic policymakers have continuously said In public the possible USS22-25 billion (Sss4-61 billion) trade deficit and $10-12 billion currentReuter - 473 words
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241 1977-07-01 2 AP WASHINGTON, Thurs. A decline of 0.2 per cent in the government's Index of economic Indicators during May may signal an expected slowdown in the nation's economic growth later this year. Government economists said yesterday It's too soon to be certain,AP - 241 words
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195 1977-07-01 3 Reuter LONDON, Thurs. The Midland Bank Review says It may be appropriate to restore certain of the cuts already made in British public spending. It says the public sector deficit may now be falling too fast for comfort, and the growth of industrialReuter - 195 words
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Article113 1977-07-01 3 Reuter LONDON, Thurs. Mexico is raising a US$4OO million (SS9B4 million) 10-year syndicated Eurocredit with a group of 16 banks, Santiago de Leon, an official of state financing agency Nacional Flnaanciera said here. He told a press conference banks In the Issue syndicate will haveReuter - 113 words
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Article105 1977-07-01 3 Reuter TORONTO. Thurs. Canadian Imperial Bank of Commerce said its leading Indicator fell 0.07 per cent In April to 99.79 after successive gains In the previous two months to 99.86 in March and 99.77 in February. The indicator, a composite of eight leading Indicators, is said byReuter - 105 words
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Article44 1977-07-01 3 UPI HONGKONG, Thurs. China has agreed to help Mauritania build a port In the city of Nouakchott, the New China News Agency (NCNA) reported yesterday. An agreement on the port construction was signed in Nouakchott on Tuesday, NCNA said. UPIUPI - 44 words
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502 1977-07-01 3 Reuter NEW YORK, Thurs. China will need U811.5 billion (553.7 billion) In foreign exchange this year to meet deferred payments coming due and other commitments, Bank of America vice president and Asia representative Louis Saubolle said. He told a press lunch the money willReuter - 502 words
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525 1977-07-01 3 Reuter FRANKFURT, Thurs. German finance Minister Hans Apel said the government rejects the principle of unconditional credit assistance and continues to insist that International credits should be subject to condltionality relating to the implementation of economic policies. But these conditions should not be soReuter - 525 words
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261 1977-07-01 3 Reuter NEW YORK, Thurs. Secretary of State Cyrus Vance yesterday gently chided Japan for not stimulating its economy or opening its market sufficiently to foreign goods, while praising its democratic institutions and dedication to peace. In a speech outlining the Carter Administration'sReuter - 261 words
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Article, Illustration805 1977-07-01 3 NYT NEW YORK. Thurs. As the Marxists see It, business and government In capitalist countries work In close harmony, with business calling the tune. But that is not the way Henry Kissinger sees it, based on his experience as Secretary of State. "BusinessNYT - 805 words
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169 1977-07-01 3 AFP TOKYO, Thurs. Japan's economic assistance to developing nations la.. 1976 increased by 39.5 percent but Its official development assistance (ODA) declined by 3.7 per cent, It was reported today. According to a report Eubllshed by the Foreign Unlstry, Japan's economic assistance amountedAFP - 169 words
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174 1977-07-01 3 AFP GENEVA, Thurs. United Nations Secretary General Kurt Waldhelm today emphasised the need to attack economic and social inequalities between the various regions of the globe. In a speech to the board of the UN Programme for Trade and Development, he Indicated thatAFP - 174 words
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Article86 1977-07-01 3 Reuter ROME. Thurs. Italy had a provisional overall balance of payments deficit of 140 billion lire (Ss3B9 million) In May against a 310 billion lire deficit In April. the Bank of Italy said. The deficit was also lower than the 168 billion lire overall paymentsReuter - 86 words
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613 1977-07-01 3 Reuter LAUBANNE, Thurs. More than 90 developed and developing countries negotiating an expansion of world commerce at talks In Geneva should be ready to tackle crucial problems by the end of this summer, Mr. Olivier Long, director-gene-ral of the General Agreement on Tariffs,Reuter - 613 words
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99 1977-07-01 3 Reuter FRANKFURT, Thurs. West German Finance Minister Hans Apel said the IMF should proceed with the planned Witteveen facility even If It begins with only UBSB billion (Ss2o billion) Instead of the 14 billion Mr. Wltteveen originally wanted. So far Opec members have agreedReuter - 99 words
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Article209 1977-07-01 3 Reuter PARIS, Thurs. Several developing countries face debt repayment bunching problems In the next couple of years. OECD Development Assistance Committee chairman Maurice Williams said. He did not name the countries. He told a press conference that commercial bank loans to the developing world have mostly beenReuter - 209 words
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Article137 1977-07-01 3 Reuter MEXICO CITY, Thurs. Mexican President Jose Lopez Portlllo urged International financial institutions to adopt more riexible rules to help developing countries progress rapidly. The present system of limiting loans to countries with balance of payments oroblems should be reviewed so that a more acceptable solution gearedReuter - 137 words
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255 1977-07-01 3 Reuter CLEVELAND, Thurs. Borrowings and current account payments deficits of the non-oil less developed countries (LDCs) in the years ahead will be larger than before the last world recession, but will be mostly normal development borrowings. Citibank president William Spencer said. Heavy LDC foreignReuter - 255 words
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Article44 1977-07-01 3 AFP LONDON, Thurs. Libya has awarded a £8,750,000 (about 5928.229.000) contract to the British Post Office for expertise, It was learned here yesterday. The post office will help Its Libyan counterpat to build a 3,600-km system of telephonic cables. AFPAFP - 44 words
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Advertisement179 1977-07-01 2 fiiuvmtß Always fighting to make the world safe from fire. A W. o Iflttft O !!"ll 9 :o o For four decades QRAVINER has been an internetionel nama in tha ax acting field of fire and explosion technology. Sarving with distinction industry, marina and aviation antarprisas as wall as tha179 words
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Page 2 Miscellaneous
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Miscellaneous385 1977-07-01 2 THE WEATHER WEATHER report for 24 hour* prior to 7.30 p.m. on Juno 30 at Singapore airport. Maximum Temperature 32.0° C Associated Humidity 65 Minimum Temperature 23.7° C Associated Humidity 100 Hours of Sunshine 7.20 Rainfall in Millimetres Trace Total Rainfall for the Month 201.6 Total Rainy Day* for the385 words
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Page 3 Advertisements
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Advertisement156 1977-07-01 3 WWWM Because You Insist On I ZZZ Course A Huge Plot of Open Land with a Very Limited Number of Units. An Apartment with a Bungalow Atmosphere. Spacious Children's Playground Garden. A Ralaxing and Serene Environment. w V Forestry Surroundings. Linked with Botanic Gardens. t»rs V a*-**- Highly Artistic Design.156 words
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768 1977-07-01 4 EVERYTHING seems to point to a bright future for Metal Box Bhd. (MBB), the new Malaysian corporate entity of the former Metal Box Co of Malaysia. For the year ended March 31, 1977 the group achieved a pretax profit of Mssl2 million.768 words
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330 1977-07-01 4 HONGKONG TIN, the company which is pinning its future on an open cast mine it Is now undertaking. has turned in a pretax loss of M 5127,024 for the first half year to March 31, 1977. The loss Included an estimated $10,000 incurred330 words
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Latest results
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Article58 1977-07-01 4 Audited group pre-tax loss M 52.79 million ($1.27 million) for the year ended Dec 31,1976. Tax $11,547 ($15,069) making after-tax profit 12.8 million ($1.29 million). Parent company pre-tax loss $312,749 (profit $276,409). Hytcz Unaudited group operating loss $829,495 (loss $799,048) for the first six months ended March58 words
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Article23 1977-07-01 4 Group operating profit $4.97 million ($530,678) on gross income $10.48 million ($3.25 million) for the first half-year ended March 31, 1977,23 words
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Article33 1977-07-01 4 Esti- mated group operating profit M 55.84 million ($3.3 million) for the first six months ended June 30, 1977. Tax $3.06 million ($1.49 million) leaving after-tax profit $2.78 million ($l.Bl million).33 words
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365 1977-07-01 4 SOME of the M 990 million rights Issue of shares by Malayan Banking have been left with the underwriters. According to Wednesday's announcement by lead underwriter, Malaysian Industrial Development Finance, on behalf of the bank, the rights have "been fully subscribed by365 words
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479 1977-07-01 4 A SUBSTANTIAL Increase in investment Income helped boost croup pre-tax earnings at Khong Ouan Holdings Malaysia last year. For the year ended Dec 31, 1976 Investment Income rose by more than 2* times from MS 159,738 to 9424,94? while group operating profit fell479 words
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Article234 1977-07-01 4 THE Stock Exchange of Singapore has taken Pacific Development Credit to task for not revealing the suit brought by its subsidiary, Malaysia Borneo Finance Corporation, against San Imperial Corporation exchairman, Mr. Choo Kim San. "Please be Informed that should we not hear from you by 4.00234 words
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Article491 1977-07-01 4 Current Ex Date TetaJ far Total for P«y»eat Dale payakie tkeyear prrvioue year Boats 15% May 31 July 1 22% 22% Boaetaadre M June 17 July 1 7.5% 5% Kmyti 20% May 31 July 1 27% 25% Wearaee 5HI June 20 July 2 5%I 17% P.M.R.I. 10% TE491 words
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Article734 1977-07-01 4 NYT NEW YORK. Thurs. The general run of data on the state of the American economy is continuing to show more sparkle than the mood of many businessmen, Investors and economic analysts. So it has been for many months now the rise of aNYT - 734 words
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265 1977-07-01 4 THE COMBINATION of a bigger crop and a substantial rise In the rubber price lifted pre-tax profit at Mentakab Rubber (Malaya) up by 39 per cent to M 5487,500 for the year ended Dec 31, 1976. Its rubber crop Increased by about 14 per265 words
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COMPANY MEETINGS
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Article19 1977-07-01 4 THE following company meetings are due: July 5. 11 a.m., 105 Brick Kiln Road, Penang.19 words
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Article18 1977-07-01 4 July 8, 2.30 p.m., Registered Office, No. 9 Qui Circle, Jurong Town, Singapore 22.18 words
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Article1509 1977-07-01 4 On June 29 OPTIONS trading on the Chicago Board Options Exchange on Wednesday declined in volume, down to W,136 contracts from 109,181 on Tuesday. OPTION JLY OCT JAN STOCK Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AUR AUR Avon Avon Avon Bank Am Bank Am1,509 words
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Advertisement186 1977-07-01 4 One source of expertise and supply, one source of service... for the building construction and engineering industries of Singapore. Co-ordination is extremely important in the planning and construction of any modern building it can mean savings of both time and money and can avoid the inconvenience of having to contact186 words
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INTERNATIONAL COMPANY NEWS
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169 1977-07-01 5 UPI TOKYO, Thurs. Nippon Oil will istart exploring for oil on the continental shelf between Japan and South Korea with the cooperation of Korean and American firms, company president Mr. Takeo Taklguchl said. Mr. Taxigucm said Nippon Oil's subsidiary. Nippon Oil Exploration, will embarkUPI - 169 words
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Article112 1977-07-01 5 MELBOURNE. Thurs— The Rak A-One well offshore Ras Al-Khalma, United Arab Emirates, flowed 44 degree A.P.I, oil at the rate of 2,750 barrels a day with a considerable amount of gas. Weeks Petroleum said testing of the well started on June 19 and is continuing.112 words
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100 1977-07-01 5 Reuter HONGKONG, inurs. Swire Properties has acquired the entire share capital of Sutherland Properties, a private company whose sole asset is the major part of Sutherland House in Central Hongkong, from Cheung Kong (Holdings). The company said the acquisition, the first purchase of a centralReuter - 100 words
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Article52 1977-07-01 5 SYDNEY, Thurs. CSR said It accepted a placement of 1.50 million 50 cent par shares in Western Collieries of Perth at A 52.50 premium. The placement, subject to approval by Western Collieries shareholders, will lift CSR's stake In the coal miner to 48.9 per cent from 27.652 words
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249 1977-07-01 5 NORTH AMERICAN COMPANIES Reuter SINGER expects second half net earnings to significantly exceed the year-earlier level and Intends to resume common dividends by the fourth quarter this year, chairman Mr. Joseph B. Flavin told analysts here. The company last paid 10 US centsReuter - 249 words
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Article94 1977-07-01 5 Reuter GENERAL MOTORS and the Yugoslav Foundry at Kiklnda have made a Joint venture agreement under which the foundry will be expanded and GM will be allowed to market more vehicles In Yugoslavia. GM said it will hold 49 per cent In the venture Indus trl JReuter - 94 words
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245 1977-07-01 5 Reuter MOBIL expects its domestic crude oil production to bottom out this year and begin Increasing next year, chairman Mr. Rawleigh Warner told analysts. Mr. Warner, speaking to San Francisco analysts on a telephone link, said Mobil wants to increase investment in its US petroleumReuter - 245 words
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Article187 1977-07-01 5 Reuter PILLSBURY, the baker which has become a fastfood operator through its burger king restaurants, reported a 9.6 per cent gain in profit for the fourth quarter and a 16.8 per cent gain for the year. Fourth quarter profit, for the period ended May 31, 1977Reuter - 187 words
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Article80 1977-07-01 5 Reuter CASIO said it will Introduce 12 new liquid crystal display watches at the RJA International Trade Fair In New York this month. The company said the models Include the 36CR--118, with the "basic eight functions" plus an alarm and stopwatch, the 31C8108, with stopwatch andReuter - 80 words
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175 1977-07-01 5 Reuter PEPBICO expects second quarter and 1977 profit Increases to exceed 11 per cent, Mr. Gerald Fischer, vice president, corporate development, told Reuters eor to addressing analysts re. He noted the Wilson sporting goods operation, which had lower profit and revenues In theReuter - 175 words
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Article161 1977-07-01 5 Reuter THE UK Energy Department has told Occidental Petroleum It will not allow K auction from the North Piper Field to exceed agreed limits until the company has an acceptable gas recovery programme, a department spokesman told Reuters. Occidental, which Is operator for the field, hasReuter - 161 words
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Article106 1977-07-01 5 Reuter CONTINENTAL OIL said under a farm-out agreement It has agreed to sell one third Interests In an 32 million hectare oil and gas exploration tract in Upper Egypt to Marathon Oil and Shell Oil. The company also said with Marathon and Shell It has been awardedReuter - 106 words
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139 1977-07-01 5 ROCKWELL INTERNATIONAL will discontinue worldwide marketing of electronic calculators after the depletion of current inventories. A company spokesman said discontinuation will result In a one-time cost, but it will "not be material." Furthermore, he said, the electronic components business in the current third quarter,139 words
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597 1977-07-01 5 NYT NEW YORK, Thurs. While most New York City money market banks have been getting unfavourable publicity, bank stock analysts have been recommending the so-called regional banks. The theory Is that leading reglonals have avoided problems that have plagued money-market banks. Among the more obviousNYT - 597 words
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711 1977-07-01 5 RICHARD PHALON - By RICHARD PHALON NYT DUE to a deadly combination of rising interest rates and declining stock prices, comparatively few new convertible bond Issues have been brought to market In the last three years. By contrast, In the late 1960s and early 70s, convertlbles debentures, generally,NYT - 711 words
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133 1977-07-01 5 UK COMPANIES STANDARD CHARTERED BANK said it has received UK Treasury permission to recommend the payment of a gross final dividend of 15.8846p per share. At the current rate of advance corporation tax, the amount payable to shareholders would be 10.325p per share (Instead of the133 words
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370 1977-07-01 5 GRAND METROPOLITAN Is raising a 00 million mark 7 1/4 per cent sevenyear Eurobond with final conditions due July 7. Group finance director for the British food, drinks and leisure group, Mr. Clifford Smith said Initial discussion had been for a 100 million370 words
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Article297 1977-07-01 5 EUROPEAN COMPANIES AP COPENHAGEN, Thurs. Growing stocks are forcing Det Danske Staalvalsevaerk, Denmark's only steel rolling mill, to send about 20 per cent of its work force on an extra two weeks of forced summer vacation, but no permanent layoffs are planned at this time, a companyAP - 297 words
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Article55 1977-07-01 5 Reuter LONDON. Thurs.- The IU Overseas Finance US$35 million Eurobond has been priced at par, lead manager Hambros Bank said. The Issue, due 1987 and guaranteed by IU Overseas International, carries a coupon of B*4 per cent, as indicated, and has an average life ofReuter - 55 words
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Article142 1977-07-01 5 Rtuier PARIS, Thurs. Regie National des Uslnes Renault achieved a sharp turnround last year by making a net profit of 610.7 million francs against a loss of 551.2 million in 1975. Net sales amounted to 25.78 billion francs, up from 18.26 billion francs last time. InvestmentsRtuier - 142 words
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Article46 1977-07-01 5 Reuter LONDON, Thurs. Kansal-las-Oske-Pankkl of Finland plans to Issue US$3O million of floating capital notes, lead manager European Banking said. The notes, due 1963, will carry a spread of per cent above London Interbank offered rates with a 6Vi per cent minimum coupon. Reuter.Reuter - 46 words
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Advertisement255 1977-07-01 5 V->.H r t-,"'. 5? •jvV >v.; Very many years ago, in Italy, there existed an exceptionally skillful bespoke bootmaker one Signor Signor Marelli's skill in fashioning and working leather earned him a widespread reputation and guaranteed him a steady clientele. The dandy gentlemen of the era flocked to Signor Marelli.255 words
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Article2262 1977-07-01 6 Gr'f (k*a Net 1977 1 4iy Dhr y1i P/E Vol Day Hick Lw Company f tela fvr (•866) 1 iigk Law 8ECTION ONE INDUSTRIALS 154 136 Ac ma 153cd +1 12.0N 1.8 7.8 7.1 3 153 152 139 127 Aetna A 136 1 12.0N 1.8 8.8 6.32,262 words
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Article1357 1977-07-01 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "Sett." Big Board1,357 words
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Article1650 1977-07-01 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 Atom (1.78B) A. Chat (0 82B) (1) 0.82. A.M.O. (0 60S)1,650 words
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Article50 1977-07-01 6 STRIKING price* of the atock options officially listed on the Stock Exchange of Singapore, the periods, bid aad offer prices and busihess done yesterday, with the number of options traded shown in brackets. \oSili 8 <Dec a e0) io'oSm" <Dec 12 40) U. 0.8. (Dec $3.20) (0.168 0.255)50 words
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Article146 1977-07-01 6 SINGAPORE UNIT TRUST INCOME BOND UNIT IMuam' prio The Commerce M far J«|y 1) (Curreat p -ices) in 1 78xd INCOME BOND l.M l.n The 8a vine Fund 8'pore Prog Fund 8 >jre Security OH O.M 0.84 O.M 1-53 1.52 MARA BUMIPUTRA FUND (Manager*' prices far July 1)146 words
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Article148 1977-07-01 6 B O T 8 1/2% 1981 (100.000) (102*48 103 US) B O T 7 5/8% 1984 (100.000) (98*«B 99'kS) Credit Lyonnaii Floating 6 1/2% 1983 (100.000) (98SB' 98'*S) DBS Coaverte 1/2% 1991 (100.000) (98'tB 98%5) D B S 8 1/2% 1982 (100.000) (1018 101 US) E I B148 words
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Article125 1977-07-01 6 Rep Spore D Mark 7% 1982 (100.000) (100*«B 101 '»S) Rep Spore O Mark 6 1/2% 1983 (100.000) (96%8 99 3 »S) Rep Spore 7 3/4% 1987 (100.000) (100'i.B 100 7 45) 5 1/4% 15/7/78 (250,000) (lOlftOß 101 60S) 4 3/4% 1/5/79 (250.000) (100.SOB 100.90S) 5 1/4% 15/19/79125 words
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Advertisement179 1977-07-01 6 Elf Off TO A 8008 SIM mot with mmi pubucmons HOIM STUDIES DIVISION for WJsey Hall 4^;*' Inst, of Administrative Management Inst, of Bankers (Conversion Course is available) Inst of Chartered Secretaries and Administrators Inst of Statisticians LIT PTA ERA MA SCRI NET Professional Courses Academic Courses Degree Courses "J--1179 words
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Article, Illustration642 1977-07-01 7 SELECTIVE buying la lower-priced (tacks made for a steadier trend ia fairly active trading m the Stock Exchange ef Singapore vMiflrdiv. A rally early ia ths Horning took shares up across the hoard as buyers returned to the market in numbers. Towards the afternoon, however, sentiment soured642 words
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Article372 1977-07-01 7 RENEWED speculative Interest lifted the Kuala Lumpur stock market higher in active selective trading yesterday. The emergence of increased buying support was detected right from the opening bell as shares forged steadily ahead. Values firmed further in the afternoon as buyers emerged in numbers. Reflecting the increased372 words
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INTERNATIONAL STOCK MARKETS
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Article361 1977-07-01 7 HONGKONG: Ths market clossd slightly higher to quiet active trading on Thursday with blue chips closing mainly unchanged, dealers said. The Hang Seng index rose 1.47 to close at 430.90 points. HntcldsM and Mn Ml* rase 2.90 and five cents respectively. while Hcngfcsng Beak. Jardiae Matheean, whaelack Marden and361 words
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Article502 1977-07-01 7 TOKYO: Share orices closed lower on sporadic liquidation In export-oriented shares affected by the further appreciation of the yen and the continued fall on Wall Street, dealers said on Thursday. The Dow Jones average lost 13.16 to 4,975.03 with volume 100 million shares. The New Index closed at 376.82,502 words
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Article375 1977-07-01 7 SYDNEY: The market closed firmer on Thursday, with Pancootinental gaining 19 cent* to $12.19, Queensland Mines 10 cents to $2.60 and leading Industrial HHP 14 cents to M.40. dealers said. The Bydney All-Ordinaries index rose 2.80 points to close at 497.36. Peke-Walloend gained 26 cents to $9.90, EZ Industrie*375 words
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Article157 1977-07-01 7 MANILA: The market closed mixed oh Thursday, as mining and oil sectors posted slight sains while commercials closed lower, dealers said. Total turnover fell to 8.53 million pesos from Wednesdays's 10.45 million. Atlas rose four points whjje Philex and Lsysta gained one point each. The higher copper pride abroad157 words
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Article88 1977-07-01 7 JUMB Baht* AJtaPftr* 1M +1 Bangkok Bank 323 +3 B*n«kak Iimat. W +1 Bangkok-Metro-poli tan Bank Bata 979 *4 Bert) Jucker 999 CharoangThal Wn 1H unefc Dumex DusttThanl BOB Fubrr Merttn nm Trust Indo-Thai Industrial Finance Jtotim unch JfcUprathar Ctmtnt 119 unch Kimuutt LeeKwaneUln Metal Box 6.40 +0 0688 words
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Article338 1977-07-01 7 AMSTERDAM: The market eased slightly in quiet conditions and in line with Wall Street, dealers said on Wednesday. Royal Dutch led Dutch internationals 130 guilders lower although Psigviin* rose 0.40 against the trend. Insurances firmed with tne exception of Nattaaele Nsdar leaden which fell 0.30. Elsewhere, shares were mostly338 words
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Article168 1977-07-01 7 BRUBBELS: The market.was mostly lower due to profittaking and the easier Wall Street close, bourse sources said on Wednesday. Sofia at, St Back and Tahacoflaa rose but Tractiaa, Habokaa, ACEC, GB. Arbad and Haiaant-SaMbra all fell. In foreign stocks UK, Canadian and French were mostly lower, Oerman stocks rose,168 words
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Article280 1977-07-01 7 FRANKFURT: The market iloasd mainly wsufcor on lack of follow-up orders, although leading stocks were generally at most one mark lower, dealers said on Wsdneadav Bayer, whom chairman said 1977 results so far have "-not matched expectations, added 0.30 marks on Tuesday but was 0.70 below Its opening quote.280 words
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Article132 1977-07-01 7 MILAN: The market closed higher In fairly active trading after an uncertain opening, dealers said on Wednesday. All leading Industrials recovered Tuesday's losses. Financials, insurances and banks gained. Bonds were generally steady. JUNE a Lire 4-/-Ante 204 A v«nr Oen ***** 490 Ba*to«l 582 4-7 Central* .sooo 110 Fiat132 words
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Article341 1977-07-01 7 PARIS: The market retreated across the board In an extension of Tuesday's profit-taking, dealers said on Wednesday Banks, foods, motors, constructions engineerings, oils, chemicals and particularly electrical*. all Voct ground. Foreign stocks were mixed, with US issues weak In line with the dollar. Oolds eased while Dutch and Oermans341 words
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Article291 1977-07-01 7 ZURICH: The market was mixed .in generally light trading, dealers said on Wednesday Swissair registered continued slightly higher. Among otherwise little changed major banks. Kreditanetalt bearer and registered drifted lower. Small gains and losses were almost balanced In flnanclals and Insurances. Bally was steady following Its 1976 results and291 words
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Article373 1977-07-01 7 JOHANNESBURG Stocks were quiet on the market on Wednesday. and volume was low on general lack of Interest, dealers said. Oolda were weaker In line with the lower bullion price and heavyweights lost ud to 00 cents. Medium and lightweight Issues shed up to 15 cents. Financial minings were373 words
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Article292 1977-07-01 7 TORONTO: Share prices dosed generally lower In moderate trading on Wednesday. The market recovered some early losses, however, and advancing issues outpaced declines 244 to 185. The composite Index was down more than a point. Peanington's Stores gained 3/8 to 8-3/4 on higher 13 weeks earnings. Imperial Life Assuraaee292 words
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Article1209 1977-07-01 7 NEW YORK: The stock market surrendered more ground on Wednesday, but prices showed very little overall change In moderate trading. Investors had several factors to weigh. On the positive side, the majority of the Organisation of Petroleum Exporting Countries canceled a planned five per cent oil price Increase.1,209 words
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Article63 1977-07-01 7 FINANCIAL TIMES INDUSTRIALS Wednesday 45c 2 Tuesday 458.6 Week Ago 446.7 DOW JONES AVERAGE INDUSTRIALS Wednesday 913.23 Tuesday 915.62 Week Ago 926.31 LONDON DOLLAR PREMIUM Wednesday 113% to 114H Tuesday 113* to 113% H.K. HANG SENG Wednesday 438.12 Tuesday 436.02 Week Ago 436.64 SYDNEY INDUSTRIALS Wednesday 373.98 Tuesday 436.0263 words
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Advertisement107 1977-07-01 7 SfCM A BRIBHUB fIITUM '"•i t sf I" p L JL. 1 1 f I V ill Z' .--u v* u >,• f Enrol how mth Homt&tudies 1*"- 'tLa fc» fS"* *y a '7- *SBkl ~.1. -~=T. SSMSS.' *ja "i vt&Jjfck*' Foulks Lyn v* s s s s 5? >107 words
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COMMODITY REPORTS AND PRICES
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Article489 1977-07-01 8 OPENING quotations in the Singapore rubber market yesterday were marked up 0.75 cent in line with London advices. The market then advanced a. further 1.50 cents on speculative buying, short-cover-ing and forwards enquiries but eased back slightly at the close, dealers said. Volume was fair.489 words
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Article294 1977-07-01 8 Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.8.8. prompt f.o.b. 1N.7S 190.75N 188.75 180.7SN Int. 1 R 8 8 July 190.00 190.30 188.00 180.50 Int. 1 R.S.8. August 192.25 192.30 191.25 191.50 Int. 2R.8.S 189.00 190.00N 188.00 189.00N UK/Cont 188.00 189.00N 187.00 188.00N294 words
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Article85 1977-07-01 8 rr—tHtk) Am R.A.S. (Cm (Ferwmrd Mtk) Buym tea iteparkg) (casta P«hC> SSR20 (1-ton Pallet) 191.00 193 00N 102.00 194.00N B8R50 (1-ton Pallet) 180 00 101.00N lao.oo: 192.00N M.R.E.L.B. 8 MR 5CV (1-ton Pallet) 215.00 > 21T.00N 21S.00 217.00N SMR 5L (1-ton Pallet) 213.00 215 00N 213.00 21S.00N85 words
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Article31 1977-07-01 8 Rubber: June 30 Singapore: July 189.00 eta (up 0.7S ct.) Malaysia: July 190.28 eta (up 0.78 tti Tin: 81.460 <"P 814) Official offering: 287 tonnes (up 47 tonnes)31 words
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Article177 1977-07-01 8 LONDON, Thurs. Terminal was Immediately £40 limit up (near July at £2,996) but despite further steadiness under commission house and trade support, the market closed the special/opening call down from the highs with gains from last night of £36.50 March at £2,378 to £14 per tonne. Turnover was thin.177 words
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Article482 1977-07-01 8 TRADING in both futures and physicals wßs very quiet on the Singapore produce market yesterday. Buyers were cautious and were mostly quoting at lower prices. On the other hand, sellers were asking for prices too high to attract buyers. This was particularly true In the coffee bean market482 words
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Article347 1977-07-01 8 LONDON, Thurs. Early trading was largely concentrated in the near months where early commission house and local dealer buying erased Initial opening losses of around £85. At the close of a quiet opening session prices were mixed. Near months were mostly £27 to £17 per tonne down from last347 words
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Article84 1977-07-01 8 C.I.F. Rotterdam. US <toU*rs p> it ton. LONDON: PVWa Malaysia 5% ffa bulk Aug •06.50 sir 600 sir Sumatra 5% June unch 629 sir July 625 slr/620 pd 630 slr/629 626 pd Aug 815 sir 620 sir/617.50 pd Sept mv, tlr/005 pd unch 610 sir No* 5TS.50pd Dec84 words
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Article29 1977-07-01 8 t Tin: Jwmt May $1,440,370 fl.4H.U9 Rubber (8): *****7 c 1 #5 476 c Rubber (If): lK.Mc in.me (t per pteul, ctnu par Ulo)29 words
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Article324 1977-07-01 8 THE Strati tin price In Penang y .terday was up $14 to $1, 30 on an official offering u 4 > 47 tonnes to 287 tonnes. The continued rise reflected mainly firmer overnight London Metal Exchange prices coupled with buying from all sources, dealers said. In LONDON324 words
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Article67 1977-07-01 8 LONDON. Thurs. Zinc In the morning lost mostly £8 per tonne. Three Months traded at t'325 at the outset of premarket trading but gave ground under hedge selling to finish the ring at 0321.50. Sales were 1.325 tonnes. On Wednesday, sine closed the morning mostly £10.50 up. Three Months67 words
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Article200 1977-07-01 8 LONDON, Thurs. Terminal opened £1.35 to £2.75 r?r tonne above yesterday's 00 p.m. levels In sales of 583 lots. Dealers attributed the steadier trend to trade buying which touched off local buying and shortcoverlng in a market which some sources felt was rather oversold. At the end of the200 words
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Article219 1977-07-01 8 BANOKOK, Thurs. Indicative prices quoted here were: (US dollars per tonne fob basis Bangkok) White Rice 100 per cent Ist class 298 100 per cent 2nd 283 100 per cent 3rd 279 5 per cent 289 10 per cent 244 IS per cent 241 20 per cent 238 25219 words
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Article268 1977-07-01 8 HONGKONG, Thurs. The market closed generally lower, In fairly quiet trading on low turnover, dealers said. October showed the only gain of 0.45 US cent, while other months fell 0.01 to 0.13 cent. Total turnover rose to 21 lots from yesterday's 19. SPOT PRICES TARN and cotton prices268 words
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Article140 1977-07-01 8 CHICAGO, Thurs. Soybean futures declined in early trade yesterday and after the first hour, old crop months were off 9 1/% cents a bushel, while other months were down 4 3/4 to 10-1/2 cents. Prices were pressed lower by mixed selling which increased when little buying interest appeared at140 words
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Article48 1977-07-01 8 CHICAGO, Thurs. Wheat futures eased In Initial dealings and ranged 1H to 2* cents a bushel lower after an hour of trading yesterday. Wheat 'futures finished the session with losses of 4% to 3* cents a bushel. Traders generally expect heavy deliveries against the July contract today.48 words
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Article307 1977-07-01 8 LONDON, Thurs. Copper wire bars on the morning showed losses of mostly £15 per tonne. Selling found buyers reserved and Three Months backed down to L' 766 per tonne before bear covering and profit-taking purchases gave a measure of support, dealers said. The Three Months posltlon recovered to £772307 words
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Article181 1977-07-01 8 LONDON, Thurs. Silver In the morning softened by 1.3 to 1.1 pence with Three Months finally trading at 266.6 pence. Trading interest in this metal remains at a low ebb and only 44 lots changed hands. •On Wednesday afternoon, silver closed with gains of mostly 1.8 pence. Values were181 words
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Article374 1977-07-01 8 GOLD' opened quietly firmer in the Singapore gold market yesterday with the kllobar being quoted at SSI 1.415. The price drifted lower to 5511.390 on lack of buying Interest. But short covering In Hongkong ahead of the holiday today firmed prices to close at 5511,420 In the loco London374 words
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Article116 1977-07-01 8 LONDON. Thurs. Lead closed the morning with losses of mostly £9 per tonne. The downturn In copper was the main depressing Influence on prices this morning with tired long liquidation 'taking Three Months from £328 down to £325 on the pre-market, dealers said Some shortcovering and fresh buying steadied116 words
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MONEY AND EXCHANGES
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Article590 1977-07-01 8 THE US dollar was traded on an easier tone In the Singapore foreign exchange market yesterday following news that nine Opec countries will not proceed with their Intended oil price hike In July. The market said the announcement had the effect of easing the demand for more dollars which590 words
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Article52 1977-07-01 8 ACBC «V 4 First Chicago (V, AJcmmm Bank «H Citibank IH Bangkok Bank 7 Bank of America HSBC (%t Indoaun (t, Bank of Chiaa 7 Malayan P*nkiof CH Baak of Takyo A (v. Mitsui Bank Bank N«pn Indonesia 7 OCBC «V, OUB [riTifiipppppffvill] UCB 7 UMBC 752 words
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Article157 1977-07-01 8 Asian rates A8IAN currency deposit interbank rates as at close on June 30 US MUn <8»ot) 7 days ..59/16 57/16 1 mth .5 15/16 513/16 2 mths 5 3/4 5 5/6 3 mths 5 7/B 5 3/4 6 mths .63/16 61/16 mths 65/16 6 3/16 12 mths .6 7/16 6157 words
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Article46 1977-07-01 8 RANOE of price* offered by discount home* on June 30 Overnight 1%. to 3% Can deposit »toM Quit Bmy MUac 3-Month Treasury bills 3 J7/i 3-Month Bank Mils «1/8 4 3-Month CD 4 1/2 4 5/lfl 6-Month CD 411/11 41/1 Source: National Discount Co. Ltd.46 words
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Article57 1977-07-01 8 AUSTRALIA/NZ exchanges on June 30 Australia Sterling O Kl*/ 0 *447 US dollar 1.117*/ 1.1131 Ntnety-daj air mall buying rate*: Sterling 0 6702 OS dolari 1 1433 Ninety-day forward buytnc rates: Sterling 0 6504 US dolus 1.1066 New Zealand: Sterling 0.5627/ 0.5666 US dollar 0.6730/ 0.9610 Ninety-day forward rate:57 words
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Article132 1977-07-01 8 Euro rates LONDON, Thurs. Period Eurodollar deposits up to Six Months opened higher reflecting the loes of the Friday dealing technicality while shortdates were little changed, apart from overnight which now incorporates the turn of the month, dealers said. Overnight easier in day to day rates on lack of Interest,*132 words
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Article201 1977-07-01 8 NEW YORK, Thurs. The dollar vesterday closed sharply lower in the most active trading here In over a year, dealers said. The sudden fall began after a jump In the value of the yen overnight In Tokyo and In early European trading on news Japanese Prime Minister Takeo201 words
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Article241 1977-07-01 8 LONDON. Thurs. The dollar continued Its downward drift of the past two days against the strong European currencies as Its weakness against the yen In Tokyo spilled over once again into the London market. The yen opened at 266".45/65 compared with the London close of 267.20/40. It closed In241 words
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Article144 1977-07-01 8 HONGKONG, Thurs. The yen continued to rise in active trading, closing at 266.60/80 against the US dollar from its New York midpoint equivalent close of 267.59, dealers said. The yen opened at 267.60/65 and eased In the morning to 267.80/90 but recovered as European banks entered the market, they144 words
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Article99 1977-07-01 8 TOKYO, Thurs. The yen again strengthened sharply on the local foreign exchange in hectic trading with no central bank intervention detected, dealers said. The Japanese currency closed at 266.50 to the dollar for overnight delivery, Its highest level since October 1973 and compared with today's opening of 267.60 and99 words
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Article50 1977-07-01 8 ZURICH exchanges closing quotes on June 29 US 1.4630-4640 UK 4.23WM10 Can 2 3210-3235 W Oerm 106 30-30 Neth 90.32-41 Pnmcc 50 00-13 Belg 6 83S-84S Denm 40.83-67 Nor* 46.36-30 8 wed 56 03-06 Italy 0 2787-2789 Austria 14.83-66 Port 8 36-40 Spain 3.53H-54*i Art 0 60-70 Japan 0.91%-«*50 words
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Article38 1977-07-01 8 FRANKFURT exchanges opening quotes on June 30 U8 2 3363/73 Can 2 .2003/23 UK 4.015/025 Neth 94 26/38 Swill 94.90/95.00 Italy 2.636/646 Prance 47.48/58 Norw 43 95/44 03 Belg com 6 47/46 Bri* fin 6.48/50 Japan 0.8750/7038 words
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Article319 1977-07-01 8 LONDON, Thurs. Straight dollar Eurobonds were basically steady in low volume activity, dealers said. Dollar convertibles eased fractionally in quiet trading, while Japanese convertibles hardened generally. LONDON Eurobond Drtces cm June 30 Straight* Bid »«hr Austria 8V. 90 1014k 1024 ***** Bell Canada 8%. 86 105 BFCE8V.83 *****319 words
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Advertisement188 1977-07-01 8 1 I t i Hi MONTHLY ECONOMIC REPORTS With monthly political luppknwnt for UP-TO-C HANDY REFERENCE $2? ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and188 words
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274 1977-07-01 9 UPI WASHINGTON, Thurs. Nearly seven million Americans travelled abroad during the bicentennial celebration last year while the number of overseas tourists In the United States climbed substantially, the Commerce Department said. The 200 th anniversary of the United States apparently attracted considerable attention overseas, particularlyUPI - 274 words
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Article199 1977-07-01 9 Reuter FRANKFURT, Thurs. Shipowners and shippers will discuss Comecon competition, government Intervention in shipping and the future of the shipping conference system at a special symposium in Montreux from Sept 15 to 18, Gerard Veihaar, secretarygeneral of the European Shippers Councils said. He said planning theReuter - 199 words
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Article140 1977-07-01 9 UPI TOKYO, Thurs. Nearly 100 per cent of North Korea's households now enJoy watching TV as a result of completion of a TV relay system project, the country's Korean Central News Agency (KCNA) said yesterday. The KCNA said the project, a part of NorthUPI - 140 words
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266 1977-07-01 9 FT LONDON, Thurs. Governments are to be advised against easing the plight of their order-starved shipyards by helping to finance the construction of vessels for which there Is no commercial demand. The advice comes from the International Maritime Industry Forum, an InfluentialFT - 266 words
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290 1977-07-01 9 AFP PARIS, Thurs. An Organisation for Economic Cooperation and Development (OECD) working group on shipbuilding Is worried about Third World countries' growing share of this sector of industry, it was learned here yesterday. Delegates from 12 member-states of the Association of WestAFP - 290 words
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Article144 1977-07-01 9 Reuter BANGKOK, Thurs. Cambodia and Laos have signed an agreement to open air links between them. Radio Phnom Penh reported yesterday. The radio, monitored here, said the agreement was signed yesterday In the Cambodian capital by top aviation officials from both countries. It gave no details ofReuter - 144 words
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Article177 1977-07-01 9 AP LONDON Thurs. The London freight market was generally slow yesterday. There was little singlevoyage fixing and the timecharter section provided the main Interest. In Europe, Atlantic Lines and Navigation booked the 26,716 dwt Anchlses at U552,500 per day for a July 1-5 trip from Caen toAP - 177 words
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Article, Illustration416 1977-07-01 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Auby (1300) 21 West Belgorod Dnestrovsky (after Hoegh Orchid and Cheng De) 1/2 Botany Triumph (Tanker) (P/O) (after Catamarca II (Subject Oas Free) 14 Cherry Vilha (B. Barge) (1500 tbc) 48 Dong Kwang (0800 after Cangshan hauls) 8/9 Qlso Maru No. 19 (after416 words
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145 1977-07-01 9 Reuter NEW DELHI, Thurs. All New Delhi's dally newspapers were closed down yesterday by a one-day strike In support of workers on the Indian Express which has not published for the past two weeks. The one-day strike closed down eight Englishlanguage dallies publishedReuter - 145 words
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Article76 1977-07-01 9 Reuter PARIS, Thurs. Air France announced yesterday that it will begin dally nights to Washington by Its supersonic Concorde aircraft starting July 11. The airline said the PartsWashington Concorde service. now operating thru times a week, had carried 20.884 passengers since It began in May lastReuter - 76 words
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194 1977-07-01 9 AFP TOKYO, Thurs. Japan's domestic airline firm All Nippon Airways (ANA) will buy Boeing 747 Short-range (SR) Jumbo Jets, powered by engines of General Electric Co., as Its next mainstay passenger carriers. The ANA's board of directors yesterday decided to use threeAFP - 194 words
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Article95 1977-07-01 9 AFP BANGKOK, Thurs. Laos has Imposed "additional conditions" on the resumption of flights between Bangkok and Vientiane, Thai Airways reported yesterday. A communique released by Thai Airways said the conditions, conveyed in a note from the Lao Embassy in Bangkok, required "further negotiations" before agreementAFP - 95 words
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181 1977-07-01 9 Reuter VIENNA, Thurs. Substantial progress has been made towards achieving international agreement on direct television broadcasts via satellite at a meeting here of the UN committee for the peaceful uses of outer space, committee sources Since the idea was first discussed at United NationsReuter - 181 words
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Article95 1977-07-01 9 Reuter TOKYO, Thurs. Japanese sales of British Leyland cars, will be resumed during the next year following development of low-pollution engines that pass Japan's strict emission standards, Leyland Japan said. Sales were suspended last year following applications of Japan's emission control standards for importedReuter - 95 words
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Article583 1977-07-01 9 ARRIVALS Oparal service Mr N—bw Lm Tin J Fl— CAL CI331 0040 TPE/HKO/KUL MAS MH682 0610 KCH PAA PA847 0810 SFO/HNL/OUM OIA QA960 1030 HLP SIA SQ211 1045 HLP OIA GA908 1100 MES PAL PR501 1115 MNL RBA BI32S 1155 BWN SIA SQ240 1210 MES KLM KL833583 words
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Article104 1977-07-01 9 Reuter ADELAIDE, Thurs. Chrysler Australia Ltd said It Is discussing planned production cutbacks with motor Industry unions following a drop In car sales and a resultant Increase In stocks. Chrysler mid ilea of all makes of cars have dropped nearly 17 per cent In the quarter toReuter - 104 words
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Advertisement386 1977-07-01 9 4d* I i Uii 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 built democracies, withered tyrants, opened new worlds, riddled386 words
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Article, Illustration1019 1977-07-01 10 BOYCE RENSBERGER - By BOYCE RENSBERGER NYT NEW YORK: In recent years American farm productivity has levelled off or even declined in some cases, and top agricultural experts say the reason is that the applied research that once led to steadily increasing yields has nearly depleted itsNYT - 1,019 words
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708 1977-07-01 10 THOMAS KENT - By THOMAS KENT MOSCOW: The Soviet Government is trying to breathe new life into the last remnant of capitalism in Soviet agriculture the tiny plots of land where individual farmers are still permitted to raise their own cash crops. The existence of the private708 words
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Article, Illustration862 1977-07-01 10 HELENA COBBAN - By HELENA COBBAN Reuter DAMASCUS: The Syrian economy has run Into grave difficulties since the brief development boom of 1974 and 1975, experts here say. For the housewife, the most serious new development Is an inflation rate estimated at 25 per cent In 1976Reuter - 862 words
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1181 1977-07-01 10 LEONARD SLOANE - By LEONARD SLOANE NYT THE BREAK-OFF of merger negotiations between the New York Stock Exchange and the American Stock Exchange a might-have-been that could have changed the basic structure of securities trading foundered essentially on one word: options. When the two large NewNYT - 1,181 words
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Advertisement494 1977-07-01 10 THE DEBT t|j| TRAP how to SURVIVE THE SLUMP Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. I This book is about the efforts of poor nations to gain some control over their494 words
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263 1977-07-01 11 UPI HONGKONG. Thurs. China's cotton crop is being threatened by bad weather in some key growing areas but there still is hope for a "bumper harvest" if farmers make an all-out effort. speakers at a national conference on cotton said. The NewUPI - 263 words
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242 1977-07-01 11 AFP SEOUL, Thurs. South Korea's overall commodity trade last year was about eleven times bigger than that of communist North Korea, authoritative sources here reported today. The sources said North Korean exports in 1976 were estimated to have totalled U*****.1 million (551.618 million)AFP - 242 words
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Article69 1977-07-01 11 UPI TAIPEH, Thurs. China Shipbuilding (CSBA), Taiwan's one and only ship builder, will be totally owned by the Government from tomorrow following parliamentary approval, official sources said today. The move to run CSBC as a government enterprise was triggered by a slow capital flow fromUPI - 69 words
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Article, Illustration532 1977-07-01 11 Aussies will knock on Asian mart's door MINERAL-RICH Australia may tap funds from the Asian dollar market within the next few years, according to Australian bankers here. Australian companies most likely to borrow from the Singapore market will be those engaged in the mining of coaC iron ore, bauxite and532 words
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319 1977-07-01 11 CAPITAL aid and technical assistance valued at more than US$45 billion (Sslll billion) has been given to the South and South-east Asian region under the Colombo Plan which celebrates its 26th anniversary today. Of this amount $2.5 billion were spent on319 words
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252 1977-07-01 11 AP NEW DELHI. Thurs. External Affairs Minister A.B. Vajpayee said last night India foresees improved relations with the United States. Japan, China and Canada, and expanded trade with the Soviet bloc all within the framework of its non-aligned policy. He also toldAP - 252 words
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109 1977-07-01 11 AFP NEW DELHI, Thurs. A government attempt to avert a countrywide strike by port and dock workers failed here yesterday. The All India Port and Dock Workers' Federation had earlier notified the authorities concerned of its decision to call for an indefinite strike anyAFP - 109 words
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167 1977-07-01 11 AP ISLAMABAD. Thurs. The Pakistan government unveiled yesterday what it called a new "liberal" policy on Imports during the fiscal year starting next month. It did net give any estimate of the sum Involved in paying for the range of goods to be importedAP - 167 words
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Article308 1977-07-01 11 Reuter BANGKOK, Thurs. The South-east Asia Treaty Organisation (Seato), designed as the region's cold war buffer against communism, bowed out of existence today, quietly and with little mourning. The 23-year-old organisation was closed down in view of what its six member nations regarded a* "changingReuter - 308 words
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Article131 1977-07-01 11 ERIC White Associates (M) Ply Ltd. will change its name to Hill and Knowlton Asia Ltd. Singapore branch from today. Commenting on the change of name, the company's regional director in Hongkong. Mr John Cardenzana. said: "We are a member of the Hill and Knowlton131 words
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Article73 1977-07-01 11 AFP WASHINGTON, Thurs. India's wheat crop is estimated at 26 million tonnes, 2.3 million tonnes less than last year's record, the US Department of Agriculture announced here yesterday. The American estimate ts 1.000,000 tonnes lower than that made one month earlier by the same department. The statement saidAFP - 73 words
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195 1977-07-01 11 KUALA LUMPUR. ThUTS. The share offer of the Multi-Purpose Holdings Berhad, a new company set up by the Malaysian Chinese Association recently, has been oversubscribed by more than Mslo million. A statement by its board of directors said at the closing of applications this afternoon, more195 words
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191 1977-07-01 11 Reuter HONGKONG, Thurs The Hongkong Government said Its accounts for the 1978/77 financial year which ended on March 31 showed an accumulated surplus of HKS9O3 million (***** million), compared with a $224 million surplus in 1975/76. In last year's budget speech. Financial Secretary Philip Haddon-CaveReuter - 191 words
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Article82 1977-07-01 11 AFP BANGKOK. Thurs. The investment climate In Thailand has Improved since the Thanln Kralvlchlen Government came into power last October, a Board of Investment (BOI) statement claimed today. The 801 statement pointed to the fact that a total of 103 Investors with a proposed Investment capital of 10,849AFP - 82 words
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Article63 1977-07-01 11 TOKYO, Thurs. China plans to send out a 16-man steel manufacturing technical mission led by Ifr. Yeh Chlh-chang of the Chinese Academic Society on Metallurgy to Japan this September to promote tech- nological exchanges on steel manufacture, the International Trade Promotion Association of Japan (Kokuboeoku) said. The63 words
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Article105 1977-07-01 11 THE first Mock of the now Singapore General Hospital has been completed and will be commissioned in stages from Friday. This block kouses the aocident and emergency department as well as the departments of physiotherapy, occupational therapy, and speech therapy. The ear, nose and105 words
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Article86 1977-07-01 11 THE Port of Singapore Authority (PSA) has warned all mariners to proceed at the slowest possible speed when passing near the west entrance to Selat Samulun and the area south-west of Terumbu Paya. This Is because the PSA is carrying out dredging and dumping86 words
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Article289 1977-07-01 11 KORN/FERRY liUraatleaal, reportedly the largest executive search coasultiag fira la the werM, is wideaiag iu lateraatioaal capabilities ia various parts of the world including Asia, according to iU maaaglag director Mr. Roaald Biaks. Mr. Biaks289 words
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Article66 1977-07-01 11 Reuter HONOKONO, Thurs. The Philippines Is planning to float a DM7S million (8178 million) seven-year Eurobond issue late this summer, bond market soufcsi aid. Lead manager for the issue will be Dresdner Bank and although exact terms still have to be finalised, they are expected toReuter - 66 words
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214 1977-07-01 11 SINGAPORE'S domestic and International telecommunication services have Improved considerably and the Republic now has direct telecommunication links with more than two-thirds of the world, according to Mr. Chan Chee Seng. Senior Parliamentary Secretary (Social Affairs), yesterday. He was speaking at the commissioning of 5.000214 words
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209 1977-07-01 11 WESTERN Australia Is looking to Asia as an export market for crops grown under the Ord River irrigation project. And to this end. negotiations have started for grains to be sold through agents in Singapore. According to the latest Australian High Commission209 words
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Article105 1977-07-01 11 THE Institute of Banking and Finance (IBF) will be conducting a five-day course on accounting and financial analysis by Prof. Peter E.M. Standlsh on July 6. This will be the first time the Institute has flown In a specialist to conduct a senior level programme which105 words
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Page 11 Advertisements
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Advertisement161 1977-07-01 11 NOTICES A NEW NAME THAT'S FIFTY YEARS OLD Froai Ist July, 1977, Eric White Associates will operate h Singapore as Hill sad Know!ton Asia Ltd. Hill and Knowlton, Inc., the parent company of Eric White Associates, and the world's largest Public Relations firm, is 50 years old this year. To161 words
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Advertisement172 1977-07-01 11 THE BANKRUPTCY ACT (CHAPTER 18 I*7o EDITION) PUBLIC EXAMINATION la Bankruptcy No. 80/54 Holland Indonesia Shipping Agency formerly of No. 78 Robinson Road Singapore 1 Sole Proprietor Guy Lombard of No. 36 Jalan Sea View Singapore 8. NOTICE IS HEREBY GIVEN that the Supreme Court has fixed Wednesday 6th day172 words
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350 1977-07-01 12 THE president of the Singapore Employers Federation, Mr. Jack Chla, yesterday expressed hopes that the group offsetting system introduced by the National Wages Council for annual increments last year will become an established procedure. Mr. Chla was speaking at the SEF's 29th ordinary350 words
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Article157 1977-07-01 12 AFP HONGKONG. Thurs. President of the Chase Manhattan Bank, Wlllard Butcher, announced here today that Its international department, which covers the entire activities of the bank outside the United States, has been restructured. Mr. Butcher, who is visiting Hongkong as part of an Asian tour, statedAFP - 157 words
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Article, Illustration704 1977-07-01 12 A LEADING toy manufacturer In Singapore. Tomy (Singapore) Is embarking on a multi-million-dollar plan to expand Its production capacity to cater for an upsurge In demand for Its toys In Europe and the United States. It Is renting a sevenstorey704 words
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Article253 1977-07-01 12 SIXTY New Zealand companies will participate In a New Zealand industries trade exhibition to be held at the Shangri-La Hotel from Aug 1 to 6. Mr. Ray Coats, the New Zealand Trade Commissioner, said that exhibitors were equally divided between those with established trading253 words
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Article72 1977-07-01 12 Reuter PRETORIA, Thurs. South African Finance Minister Mr. Owen Ho rwood arrived In London yesterday on the first leg of a tour of Europe for discussions with finance ministers, leading bankers and financiers, the ministry announced here yesterday. A spokesman said Mr. Horwood's itinerary was "strictly confidential" andReuter - 72 words
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Article767 1977-07-01 12 LONDON. Thurs. The market was mixed In quiet trading. dealers said At 3 p.m. the FT index was up 0.4 at 456.6. Government bonds of longer maturity fell up to 5/8 point while shorts eased up to 3/8 point. The falls in government bonds reflected Investor concern over767 words
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Article, Illustration296 1977-07-01 12 UPI TOKYO. Thurs. Prime Minister Takeo Fukuda 1s expected to leave on Aug 7 on a goodwill tour of Southeast Asia, government sources said today. On his first trip to the region since assuming office last December, Mr. FukudaUPI - 296 words
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275 1977-07-01 12 THE Indonesian Government has approved two Joint venture projects with a total Investment of U5531.98 million (8878.7 million) and Involving two Singapore companies. The first is a UBB3l million project to produce synthetic fibre. This Is between Tal Lon Chemical Corporation of Singapore and P.T.Asahl275 words
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Article67 1977-07-01 12 AFP KUALA LUMPUR, Thurs. A Japan-Malaysia economic committee is to be set up soon to promote closer cooperation and understanding between the businessmen and industrialists of the two countries. A spokesman of the Japanese Embassy here said the committee win comprise leading businessmen and leaders ofAFP - 67 words
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362 1977-07-01 12 AFP HONGKONG, Thurs. Hongkong's worldwide exports rose 13 per cent last month despite the slump in the textiles industry. The value of May's domestic exports was HK92.958 billion (891.6 billion) compared with April's 92.618 billion. No official breakdown is yet available to showAFP - 362 words
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Article188 1977-07-01 12 UPI SEOUL. Thurs. South Korea's new value-added tax system goes Into effect tomorrow amid mixed reactions from economic experts and political circles. The Oovernment has made a series of moves to curb inflation that may be touched off by the new tax. Oovernment officials areUPI - 188 words
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Article136 1977-07-01 12 AFP KUALA LUMPUR, Thurs. The Minister of Trade and Industry, Datuk Hamzah Abu Samah, said here last night that feasibility study on the Asean urea project for Malaysia was expected to be completed by October this year. >"8o far, It looks like aAFP - 136 words
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Article95 1977-07-01 12 ASEAN foreign ministers will meet here next week for four days preparatory to the August summit In Kuala Lumpur. Singapore's Foreign Minister Mr. 8. Rajaratnam, is expected to chair the meeting, from July 5 to 8, at the Shangri-La Hotel during which several key issues are expected95 words
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Article114 1977-07-01 12 AFP JAKARTA, Thurs. The Indonesian capital and shares market will start "operation" tomorrow by taking in registration of companies willing to sell their shares. Originally the shares market was to start tomorrow, by trading In shares, but uncertainties on the part of the companies have ledAFP - 114 words
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209 1977-07-01 12 THE Association of Bank* in Singapore hat in recent years made greater representations to both the Government and other statutory bodies in its realisation that banks have a vital rele to play in Singapore's economic development. In particular, the ABS is eager209 words
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Article32 1977-07-01 12 AFP BANGKOK. Thurs. A five-member Bulgarian trade mission is scheduled to arrive here today for talks on expandlnc trade between the two countries, the Board of Trade BOT reported. AFPAFP - 32 words
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Article520 1977-07-01 12 AMOS W. Dawe, founder of the Mosbert group of companies, yesterday appealed to a court of three judges to reverse the decision of the Chief Justice on a summons relating to a $6.2 million claim by Moscow Narodny Bank. Dawe Is also appealing In a520 words
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Advertisement161 1977-07-01 12 r OC 'i Mai now who'd want a dehumidifierZ Quite a lot of people apparently but first let's tell you what a GE Dehumidifier is and how it works. It measures about 52 cm high and weighs about 24 kg. A fan draws in warm, humid air over a refrigerated161 words
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