The Business Times, 2 July 1977
1977-07-02
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The Business Times
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Title Section10 1977-07-02 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, JULY 2, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article95 1977-07-02 1 AFP TOKYO, Fri. The Defence Agency will seek budget appropriations to buy pext of 120 US Mc Do nnel-Douglas F-15 Eagle fighters for five air squadrons In the next fiscal year as Its next generation mainstay fighters. General Aklra Hlrano, chief of the air defence force staff,AFP - 95 words
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Article73 1977-07-02 1 Reuter PARIS, Frl. The United States today paid off Its debts totalling US$43.l million (SIIO6 million) to the United Nations Educational, Scientific and Cultural Organisation (Unesco) after wltholdlng contributions in protest against antl-Israell measures approved by Its members. Unesco said the permanent U8 delegate, Mr. William Jones,Reuter - 73 words
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Article50 1977-07-02 1 Reuter JAKARTA, Frl. Indonesian Foreign Minister Adam Malik today hailed an American assurance to maintain a powerful military presence In Asia. 'Asia Is important to the US and I am glad that the US has pledged to maintain a powerful military presence here," Mr Malik told reporters.Reuter - 50 words
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Article80 1977-07-02 1 AFP TOKYO, Frl. The Banque Francalse Du Commerce Exterleur (BFCE) today launched a 20,000 million yen to (SslBs million) loan In the Japanese money market. ft was the first time that a French loan had been placed In Japan, and also the first time a foreignAFP - 80 words
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Article62 1977-07-02 1 Reuter GLASGOW, Frl. Mr. Roy Jenkins, president of the EEC Commission, said today that Britain had not yet made a full success of Its membership of the European Common Market because It nad never really tried. Mr. Jenkins, a former British Home Secretary, launched a strenuous attackReuter - 62 words
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Article47 1977-07-02 1 Reuter JAKARTA, Frl. Indonesia's capital and stock market started operations today with a number of private firms registering to sell their shares. A senior market official, Mr. J.A. Turangan, said trading of shares and stocks would start as soon as applications had been accepted. ReuterReuter - 47 words
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Article109 1977-07-02 1 UPI NEW YORK, Frl. Prices turned, mixed during the first hour today in active trading on the New York Stock Exchange following the latest report from the Federal Reserve Board showing a US$l.5 billion rise In the money supply. But the prime rate, which banks extend to bluechipUPI - 109 words
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Chief Price Changes
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Article, Illustration161 1977-07-02 1 MOST hares turned lower in dull trading, which wu interrupted by bout* of profit-taking and liquidation on the Stock Exchange of Singapore yesterday. The Business Times index dipped 0.79 point to 324.67 and the Straits Times Industrial index eased 0.31 point to 256.77. Rites Most active Sanyo161 words
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Article110 1977-07-02 1 Rites Most active Public RanIr 2.62 +19 Pacific Dev. 406,000 ruuiiv LJWii* C. Storage P. Textlw Set. Dredge T. Harbour C. Sugars M Weaving BenU A. Choc Dunloplnd. O.C.B.C. Fal M.B.S. Jardlnes Magnum Corp. 2*50 +14 Bandar Ray a 356,000 0.60 +11 O. Lumber 303,000 5 85110 words
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Article977 1977-07-02 1 COLIN CHEE - ON PLOT OF LANP IT OWNS By COLIN CHEE INCOME is looking into the feasibility of developing a hotel complex on a plot of land It owns close to the new Changi International Airport currently under construction. At a recent board meeting, the suggesUon977 words
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Article490 1977-07-02 1 REFLECTINQ the buoyant trading conditions, Singapore's total trade Jumped by 28.3 per cent to $3.47 billion in May compared with the corresponding 1976 month. This brought the growth for the first five months to 19.4 per cent>at 917.78 billion. Imports in May grew at a slightly490 words
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328 1977-07-02 1 AP MANILA, Frl. Two private sector groups of the Asean chambers of commerce and Industry will meet here this month to help Asean economic ministers accelerate Implementation of the Industrial complementation scheme, conference organisers said today. Delegates to the July 2528 meetings ofAP - 328 words
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265 1977-07-02 1 SINGAPORE'S eight-year-old electronics Industry will enter Its third stage of development when 11 new Investment projects worth $56.5 million are set up over the next three years. The projects will Involve the manufacture of specialised electronic equipment including computers, central processor units, computer265 words
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Article135 1977-07-02 1 UPI WASHINGTON. Frl. President Carter today ac> celerated his timetable for balancing the budget, Predicting a surplus of 553.9 billion (859.6 billion) In fiscal 1960, a full year ahead of schedule. But In his first long-range economic outline, Mr. Carter cautioned that the estimates take intoUPI - 135 words
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272 1977-07-02 1 AMOS W. Da we, founder of the Moebert group of companies, was yesterday granted unconditional leave by the Court of Appeal to defend a claim for $6.2 million brought by Moscow Narodny Bank. In granting Da we leave to do so, the appeal272 words
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Article56 1977-07-02 1 WELLINGTON, Fri. The New Zealand inter-Island ferty, Aramoana, left here today for Singapore for a NE(t million <5t4.78 million) refit at Sembawang Shipyard. The 15-year-old 4,150 tonne vessel was built for the 100-km Wellington to Plcton run. The vessel will be delivered to the New Zealand56 words
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383 1977-07-02 1 THE FAR Eastern Freight Conference (FEFC) and the Malaysian Rubber Exchange and Licensing Board (MRELB) have reached basic accord for a three-year separate merchant's agreement (SMA) for the carriage of dry natural rubber and bulk latex from Peninsular Malaysia to Western Europe. It383 words
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199 1977-07-02 1 UPI TOKYO. Fri. A group of 23 Japanese firms inaugurated an investment company in Tokyo today to finance the construction of a Riant petrochemical complex in Singapore, it was announced. Takeshi Hijikata. president of the new firm, said he plans to start building theUPI - 199 words
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Page 1 Advertisements
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Advertisement49 1977-07-02 1 8 years old at least! Market Review*/ TV ft Radio P 2 Overseas New* P 3 Local Co News P 4 international Co New* P S Local Slocks P 6 Overseas Stocks P 7 Commodities P Transport ft Communications P Features Pit Local ft Overseas News Pi I. 1249 words
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Advertisement82 1977-07-02 1 Rent a luxurious Hong Leong apartment and skip traveling time to me city. Skip jams. And enjoy within a 10-minute walk restaurants, nightclubs, lounges, shopping and other amenities. Save an hour a day. By not wasting It on traveling Use It for enjoying that book, new Beethoven record or a82 words
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Advertisement63 1977-07-02 1 If un rat hmyt turns Texas Instruments i.<. PRICE BREAK V we share the saving through volume production with our customers $99-50 ri o y O D n SH SR 40 Slide Rule Calculate r $170 a ft O rj SR 51 II Super Slide Rule Calculator cj SAItS Q*MCt63 words
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MARKET REVIEWS
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Article, Illustration1132 1977-07-02 2 CHAN BONG SOO - SINGAPORE By CHAN BONG SOO HALF of 1977 Is now behind us. And It must be some consolation to Investors In Singapore that during this period, progress had been achieved In most sectors of the local stock market. It Is only lamentable that much1,132 words
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415 1977-07-02 2 SYDNEY Reuter THE END of the financial year on the Sydney Stock Exchange brought plenty of activity but little volume to a market which was depressed by woahor overseas prices for metals and declining stock market values in New York and London, brokers said.Reuter - 415 words
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1146 1977-07-02 2 IVAN FALLON - LONDON By IVAN FALLON THE SUCCESSFUL offer for sale of the BP shares brought a flash of new life to the London Stock Market this week, largely because everyone had forgotten there was so much money still in the hands of the small Investor. The1,146 words
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Article634 1977-07-02 2 SELECTED shares managed to emerge substantial gainers from a somewhat mixed, dull and cautious Kuala Lumpur stock market this week. Fairly active sporadic bouts of profit-taking and liquidation by weak holders tended to overshadow an underlying steadiness evident throughout the week. The steadiness was reflected in the market's634 words
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365 1977-07-02 2 RONALD LAM - If RONALD LAM RIGHTS ISSUES Ben has proposed a rights Issue of 13,450,800 new shares of 40 cents each at 56 cents per share on the basis of two-for-flve, bringing its total issued capital to 47,077,800. OTHER ANNOUNCEMENTS C.K. Tang has lncor-365 words
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Page 2 Advertisements
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Advertisement202 1977-07-02 2 Give us a man for a monthwe'H give him a language for life HVIQIJB 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 proficiency202 words
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Page 2 Miscellaneous
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Miscellaneous364 1977-07-02 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on July 1 at Singapore airport. Maximum Temperature 30.9° C Associated Humidity 71 Minimum Temperature 22.6° C Associated Humidity 98 Hours of Sunshine 8.20 Rainfall in Millimetres Nil Total Rainfall for the Month Nil Total Rainy Days for the364 words
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OVERSEAS
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270 1977-07-02 3 Reuter WASHINGTON, Fri. The United States Treasury Secretary, Mr. Michael Bluementhal, said the tax reform proposals being prepared by President Carter probably will not be effective before the 1979 tax year. Mr. Blumenthal told a news conference prior to a speech beforeReuter - 270 words
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182 1977-07-02 3 AFP WASHINGTON. Fri. A US$l2 million (5529.5 million) loan and an $8 million credit for the Sudan Railways Corporation (SRC) have been approved by the World Bank and Its affiliate, the International Development Association (IDA), it was announced here yesterday. It will be theAFP - 182 words
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Article75 1977-07-02 3 Reuter WASHINGTON, Fri. The Federal Reserve Board staff estimated that the shift to payment of interest on checking accounts could cost banks up to US$37O million (Ss9lo million) a year. The staff said those costs would help drive more banks out of the FederalReuter - 75 words
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471 1977-07-02 3 Reuter NEW YORK, Frl. Shortterm Interest rates In the United States are not expected to move far from current levels as a result of news of an Increase In US money supply, economists and analysts said. The unexpected Increases led to immediateReuter - 471 words
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333 1977-07-02 3 Reuter LONDON, Fri. South African Finance Minister Owen Horwood said South Africa has the legal powers and means and would like to revalue Its gold reserves from the present U5542.22 (SSIO4) per ounce level as and when it believes it suitable. South Africa has studiedReuter - 333 words
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324 1977-07-02 3 Reuter LONDON. Fri. Chile expects to reduce Its external debts of about US$4.3 billion (5510.6 billion) by 10 per cent this year and Is currently making debt repayments of about $1 billion this year and next, Chilean Finance Minister Sergio De Castro said.Reuter - 324 words
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207 1977-07-02 3 Reuter LONDON, Fri. The House of Lords select committee on commodity prices recommends the authorities should continue to watch out for any destabilising impact of speculation In commodity markets and, If necessary, take appropriate action. In its report issued yesterday. the committee said "theReuter - 207 words
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Article101 1977-07-02 3 Reuter LUXEMBOURG, Fri. The European Investment Bank said It has made loans totalling 5.4 million units of account to help finance a palm oil mill and oil storage Installations In Togo under the EEC's Lome Conven- tion with developing nations. The EEC's long-term investment aidReuter - 101 words
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Article193 1977-07-02 3 Reuter WASHINGTON, Frl. The International Monetary Fund said it cut the rate of remuneration on the super gold tranche and rate of interest and charges on Special Drawing Rights to 3.5 per cent from the current 3.75 per cent for the calendar quarter starting JulyReuter - 193 words
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Article188 1977-07-02 3 Reuter LONDON. Frl—The present weakness of the dollar on foreign exchange markets and the consequent strength of the French franc will facilitate gradual lowering of French day-to-day money rates by the French authorities and help trigger a bank rate cut, CIE Flnanciere de Suez'president MichelReuter - 188 words
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Article650 1977-07-02 3 Reuter LONDON, Fri. Trucks rumbled around London in the pre-dawn hours today delivering ammunition for one of the biggest cigarette battles the world has ever seen. The trucks were taking to the shops 11 new cigarette brands produced by three of Britain's -tobacco giants. They haveReuter - 650 words
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165 1977-07-02 3 UPI BRUBBELB, Fri. EurCommon Market ocpUd legal oblation to •top up national actios •gainst frauds costing the Common Agriculture Fund at lout US$3 million (817.4 million) par your. Latest official figure* covering 1*75 showed 13t cm— of fraud coot the fund S3 million. UnofficialUPI - 165 words
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166 1977-07-02 3 Reuter LONDON, Fri. British Prime Minister James Callaghan said that Britain is about to enter a new economic cycle of payments surpluses offering the opportunity of high growth rate*. Mr. Callaghan told a news conference after presiding over the two-day European Common Market summit,Reuter - 166 words
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276 1977-07-02 3 AP LOS ANGELES, Frl. A coalition of parent, minority and conaumer groups sued General Foods Corp. for US$l billion (552.46 billion) yesterday, claiming its Post Cereals Division "exploits trusting children In order to sell sugar concoctions as nutritious breakfast cereals." The superiorAP - 276 words
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294 1977-07-02 3 AFP LONDON, Fri. The International Wheat Council (IWC) is making "active preparations" for a new international agreement and the holding of negotiating conference, a council communique said yesterday. The talks would be held "early In 1978" the statement said. It was Issued afterAFP - 294 words
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Article188 1977-07-02 3 AFP PARIS, Frl. The French employers council, Patronat has called for measures to help French firms suffering from imports and keen foreign competition on world markets. It proposed: The application of safeguard measures provided under the Rome treaty of the European Economic Community (EEC). A French lnter-mlnls-terlal committeeAFP - 188 words
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Article226 1977-07-02 3 AP CARACAS, Frl Six Japanese companies and Venezuela have agreed to undertake a US$55O million (551,353 million) aluminium smelting project, Argents Gamboa, president of the Corporacion Venezolana de Guayana (CVG) said yesterday. CVG is a state-run agency responsible for the Industrial development of the mineral-rich Guayana regionAP - 226 words
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Article405 1977-07-02 3 Reuter WASHINGTON, Fri. For the first time this marketing year, total net US sales of soybean cake and meal showed a reduction as sale cancellations and other contract reductions more than offset reported sales, the US agriculture department reported. Also, for tne third time inReuter - 405 words
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Article34 1977-07-02 3 Reuter PRETORIA. Fri. The South African wholesale sale price index rose 1.4 per cent to 230.9 In May bringing the Increase for the 12 months ended May to 14.0 per cent. Reuter.Reuter - 34 words
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123 1977-07-02 3 UPI WASHINGTON, Frl. Business Inventories rose 1.2 Eer cent In May for the lggest increase In more than two years and a signal of a potential sales "explosion" that could fuel economic growth, the Commerce Department reported yesterday. Commerce also said orders continued to runUPI - 123 words
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Article100 1977-07-02 3 Reuter WASHINGTON, Fri. More federal regulation of banks' activity in the stock market is needed to protect investors, the US Securities and Exchange Commission urged in a report to Congress. The SEC said banks should not be regulated in the same way brokerdealers are, but saidReuter - 100 words
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105 1977-07-02 3 AFP BELGRADE, Fri. A coordinating group of five non-aligned countries met here yesterday to study monetary and financial problems. It will fix the date and venue for a meeting of finance ministry representatives and central bank governors of the uncommitted nations. The group willAFP - 105 words
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Article74 1977-07-02 3 Reuter LONDON. Frl. Common Market leaders in a Joint declaration following their summit meeting called on their finance and economics ministers to examine a proposal for the raising of US$l billion (552.46 billion) on the international capital markets. The plan to raise $1 billion had been putReuter - 74 words
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Page 3 Advertisements
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Advertisement100 1977-07-02 3 Holidaying in Europe/USA? Make it even more memorable by taking QE2, The Greatest Ship in the World. Now available, the North Atlantic shuttle between Southampton and New York from May to December. Or tour southern Europe Lisbon, Gibraltar, Barcelona Palma using QE2 as your floating luxury hotel from October 1100 words
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370 1977-07-02 4 THERE was no let-up in the adverse trading conditions at Associated Plastics Industries last year. For the year ended Dec 31, 1976. group operational losses more than doubled to M 52.79 million from $1.27 million in 1975. This was contrary to the forecast370 words
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Article473 1977-07-02 4 Current payment Ex Dale Date payable Total for the year Total Tar previous year WetniM P.M.R.l. DtkYiufSlMl 5%I 10%TE 10% June 20 June 15 June 3 July 2 July 4 July 4 5%I 20% TE 10% 17% 10% TE 10% Textile Corp. N.B. Timber* Matauahita Harper Gil/Man Kg473 words
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Article250 1977-07-02 4 MALAYSIA BORNEO FINANCE.a 70.3 per cent owned subsidiary of Pacific Development Credit, obtained a judgement against Mr. Choo Kim San, an exchair man of San Imperial Corporation for loans taken when It was a subsidiary of San Holdings. Replying to queries from the Stock Exchange250 words
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335 1977-07-02 4 THROUGH Its subsidiary Peninsula Hotel Consolidated Hotels appears to have come through pretty well with the group turning in a net operating profit of $4.97 million on a gross income of $10.48 million for the first half-year ended March 31, 1977. The group335 words
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LATEST RESULT
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27 1977-07-02 4 Pre-tax operating profit M 574.285 (loss. $765,570) for the year ended Dec 31, 1976. Turnover $47.39 million ($47.95 million). Tax nil ($8,517).27 words
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Article36 1977-07-02 4 MR.R.C. WURTHZBURG has resigned as chairman of the Straits Steamship Co Ltd (Group) with effect from June 30. Mr. J.G. Gilmour has been appointed chairman and chief executive with effect from July 1.36 words
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Article91 1977-07-02 4 MOST ACTIVE JUNE STOCKS: Haw Par international (18,674,000); General Lumber (9,596,000); Ben (6,162,000); Central Securities (5,698,000); Pacific Development (4,491,000); Inchcape (4,282,000); Malaysia Rice (3,367,000); City Developments (3,098,000); Slme Darby Holdings (3,053,000); U. 0.8. (2,626,000); Perak Carbide (2,494,000); Central Sugars (2,385,000); A.P.I. (1,979,000); Harlmau Investments (1,930,000); and Malayan Credit91 words
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528 1977-07-02 4 FUSAN FISHING NETS Manufacturing made a striking recovery in the second half of 1976 to end the year with a group pre-tax profit of M 5196,919 from last year's dismal plunge into a loss of $609,519. Since the group made a loss528 words
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457 1977-07-02 4 FAVOURABLE weather conditions and higher yields were largely responsible for the sharp upturn at Rlvervlew Rubber Estates last year. The company, buoyed further by the generally higher commodity prices, produced a 71 per cent Increase In pre-tax profit to M 52.56 million for457 words
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COMPANY MEETINGS
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Article19 1977-07-02 4 THE following company meetings are due: July 5, 11 a.m., 105 Brick Kiln Road, Penang.19 words
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Article18 1977-07-02 4 July 8, 2.30 p.m., Registered Office, No. 9 Oul Circle, Jurong Town, Singapore 22.18 words
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19 1977-07-02 4 July 14, 10.30 a.m.. Registered Office, Penthouse, 10th Floor, Wlsma Central, Jalan Ampang, Kuala Lumpur.19 words
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605 1977-07-02 4 NYT NEW YORK, Frl. When tne shares of a company fall below book value the theoretical breakup value of the company they are often regarded as attractive. This Is particularly so if such a company has recorded substantial earnings over the years. SurprisinglyNYT - 605 words
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Article1472 1977-07-02 4 On June 30 TRADING In options on the Chicago Board Options Exchange came to 78,007 contracts on Thursday compared with 99,137 contracts on Wednesday. OPTION JLY OCT JAN STOCK AIcm AIcm Am Tel Am Tel Am Tel Am Tel AUR AUR Avon Avon Avon Bank Am Bank1,472 words
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Page 4 Advertisements
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Advertisement72 1977-07-02 4 Copies Sold 24,000 23,000 22,000 I 21,000 20,000 19,000 18,000 17,000 16,000 15,000 CLIMB WITH US No, this is not a graphic study of the Himalayan mountains. It is a twelvemonth study graph of Fanfare's almost-meteoric rise in circulation in Singapore alone. A 6,820 increase in the last three months72 words
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INTERNATIONAL COMPANY NEWS
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158 1977-07-02 5 PeugeotCitroen may revise forecast Reuter PARIS, Frl. PeugeotCitroen currently expects 1977 results around 1976 levels but it is not impossible this forecast may have to be revised downwards, the company's board said in the annual report. Production and sales are also expected to be around 1976 levels or slightly higher,Reuter - 158 words
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Article221 1977-07-02 5 ASIAN COMPANIES Reuter HONGKONG, FYI. Jardine Matheson said its wholly owned subsidiary, Matheson Investments has received acceptance of its offer for Thompson Graham from all of the company's shareholders representing the £184,000 issued share capital. The offer is now unconditional since the committee of theReuter - 221 words
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152 1977-07-02 5 UK COMPANIES Reuter TRAFALGAR HOUSE INVESTMENTS managing director Mr. Victor Matthews said a £13.69 million bid for Beaverbrook Newspapers has been agreed by the Beaverbrook board. The Trafalgar House offer has already been accepted by the trustees oi the Beaverbrook Foundation and Is being recommendedReuter - 152 words
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Article113 1977-07-02 5 Reuter IMPERIAL CHEMICAL INDUSTRIES said it will spend £7 million on a new alumina fibre Dlant at Widnes, North England to begin production in the second half of 1979. The plant will be built alongside an existing alumina fibre factory built in 1974. Sales are currentlyReuter - 113 words
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Article123 1977-07-02 5 BURMAH OIL said the Seychelles Government announced the first agreement for oil exploration in Seychelles waters which gives the Burmah Seychelles Group rights to 45 blocks totalling 30,824 square kilometres. Slebens Oil and Gas of Canada has been awarded 16 blocks totalling 16,440 square kilometres and123 words
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Article456 1977-07-02 5 NYT NEW YORK, Frl. Norton Simon, a diversified corporation with minor Interests in food and food service, has agreed to settle a shareholder lawsuit that challenged the compensation and fringe benefits paid to its chairman, Mr. David J. Mahoney. While the settlement appears to fall considerablyNYT - 456 words
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Article120 1977-07-02 5 MANILA, rn. Paper Industries uorp (Picop) of the Philippines plans to Issue 150 million pesos worth of 15 to 16 per cent 10 year bonds. Company officials said Plcop plans to redeem the bonds at 120 per cent after eight years, no per cent after nine120 words
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Article162 1977-07-02 5 Reuter TOKYO, Frl. The Japanese Finance Ministry said tt will approve In Bept 2 more yen-denominated bond Issue plans, each a mounting to more than 10 billion yen. They are from the InterAmerican Development Bank and the Canadian Provincial Government of Mew Brunswick, It sakl.Reuter - 162 words
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Article100 1977-07-02 5 Reuter TOKYO, Frl. Tokyo Shibaura Electric (Toshiba) has received an 11 billion yen order for four 77.2 MW gas turbine power generating plants and related equipment from a SO-SO Joint Iran-Japanese venture, Iran Japan Petrochemical. Toshiba said the plants are to be completed before July 1979, whenReuter - 100 words
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497 1977-07-02 5 NYT NEW YORK. Frl. Robert Hall Clothes, the nation's largest retail chain selling men's and women's clothing, padlocked all of Its 366 stores on Wednesday night in a surprise move that immediately drew charges of a lockout from three unions with which It has contracts.NYT - 497 words
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Page 5 Advertisements
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Advertisement115 1977-07-02 5 l imiMDIII AWiHII HH CARRY MORE WEIGHT IN BUSINESS TIMES gSstS ••2?--;3£=g AWMTNI w M »*"i my M Q S. J! CT^#tfsss /<#/?* W :w. K' V \l^>Because Buiineu Times is reed by the top people in bueineee the decision makers, who look for up-to-date company reports, price indioee and115 words
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Article2243 1977-07-02 6 OT7 Hfcfc 0_ Laet Sato ♦erVi Dtv •Nw Gfs C Net P/E V«i (••88) section one INDUSTRIALS 4 IM 130 204 92* 215 101 198* 163 219 392 136 in 172 58 212 87 155 152 182 380 Aetna Acma A Alcom Allied Choc Bata Ben Boustead2,243 words
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Article1326 1977-07-02 6 810 and offer prim officially listed and business in and reported to the Stock Exehance of Bin«apore yesterday with the number of shares traded shown In brackets in lota of 1000 units unless otherwlee specified. All Time Settlement Contracts are Sted after the word "Sett Board deals1,326 words
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Article1475 1977-07-02 6 BID and offer price* 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 «nm (1.808 I BM) (1) 1.80 A. Otw* (0 S6B 0.81,475 words
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Article44 1977-07-02 6 STRIKING arioaa of tka ateck option* officially lieted oa tka Stack Exckaafe ef Stafapara tka perieda, Ma aad oOar prioae aad buaiaaai daaa yeetarday, with tka aaaikar af aptiaaa traded akowa in hraekata. Inchcape (Sept $2.40) (0.09B). U. 0.8. (Dec $3.20) (0.17B).44 words
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Article97 1977-07-02 6 jPWtfOM DWriWB IWOMg ■owp UNIT Wi *"1 4) 7B INCOME BOND 1.00 1 11 wS&SES': !m Im »£**S^S^ETS i.#j m rtm Buauputtm a.07 1.U S'portInvhCPond ON l.OOad a*condBumlputrm l.B l.JT Tzurts BuTwipmri.. l .64 l .00 a«am twit mm Fourth Bumlputrt 196 l.» AMAW UNIT TWMT Plrth Bumlputf*97 words
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Article123 1977-07-02 6 B OT 0 1/2% 1901 (100.000) (IOBftB 103*8) B O T 7 VB% 1904 (100,000) (00*B 90*8) Cradit Lyaaaaia Flaatiag 1183 (100,000) (06HB 00*8) DBS Caava<rt» 6 1/2% 1991 1100,000) (90*B 90*8) IBSB 1/2% 1902 (100,000) ilOlB 101*8) iIB 0% 1900 (100,000) (103*B 104*8) E I B 0123 words
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Article117 1977-07-02 6 Rap Spore D Mark 7% 1982 (100,000) (100*B 101*8) lap Spore D Mark 1/2% 1983 (100,000) (90*B 99*8) •Up Spat* 7 V 4% 1987 (100.000) (100*B 100*8) 5 1/4% 15/7/70 (250.000) (101.SOB) 4i/4%1/vn (250,000)(100.00B 100.908) 6 1/4% 15/10/79 (250,000) (101.7 SB) 5 2/4% 1/0/78-80. (250,000) (101.708 101.858) 0117 words
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Page 6 Advertisements
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Advertisement0 1977-07-02 6 &!%.>/"<<%-~==~_)]}"{=*"[>;;_}}0 words
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Article, Illustration657 1977-07-02 7 THE MARKET was characterised by dull trading interrupted by bout* of profit-taking and liquidation an the Stock Exchange of Singapore yesterday. Weak hsMmi war* prominent amand| the issues, which recorded significant run-ups last weak. Other popular shares, especially lower-priced industrials, ware also traded into minus territory. Bine657 words
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Article380 1977-07-02 7 AN EARLY attempt at buying was held In check as profittakers made the scene In numbers on the Kuala Lumpur stock market yesterday. The market, however, recovered significant lost ground In the afternoon session as speculators edged out most of the weak holders. The upturn In the380 words
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INTERNATIONAL STOCK MARKETS
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Article558 1977-07-02 7 TOKYO: Price* closed mind on Friday with a steady undertone as export-oriented shares rose and petroleums fell following the recovery of the US dollar on the foreign exchange market, dealers said. The Dow Jones average gained 2.40 to close at 4,971.42 with volume 250 million shares The new Index558 words
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Article340 1977-07-02 7 SYDNEY: The market closed mainly lower In quiet trading, dealers said on Friday. The Sydney All-Ordlnarles Index shipped 1.40 points to close at 455.96. BMP fell 10 cents to $6.30 and ACI two cents to $1.80 while the Wale* rose four cents to $5.24. CBC was unchanged and eased340 words
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Article150 1977-07-02 7 MANILA: The market closed slightly higher with commercials and oils rising marginally while mines were steady, dealers said on Friday. Pkilex rose three points while flsafrnnt and PLDT both rose one, whereas Atlas fell by three points and Oriental eased one. Turnover declined to 7.11 million pesos from 8.53150 words
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Article273 1977-07-02 7 AMSTERDAM: The market vu mixed In quiet trading with Dutch lnternatlcnals slightly firmer led by Royal Dutch, up 0.90 guilders while Hiignn fell 0.40, dealers said on Thursday. Elsewhere, shippings were slightly firmer although KLM fell O.K. Banks also rose but Insurances were lower and trading and Industrial shares273 words
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Article174 1977-07-02 7 BRUSSELS: Share prices cloeed mixed to lower in very quiet trading on slight proflttaking and the lower wall Street trend, bourse sources said on ThursItoeta and Sesfln roee but Astarienae, Viallle Mentegne. Hshehsa. CeoMtra, and Wag— Liu were lower.. In foreign stocxs uK roee. Oermans fell, Dutch and French174 words
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Article276 1977-07-02 7 FRANKFURT: Shares closed mostly higher In more active trading, bourse sources said on Thursday. In higher banks, Dreedaer closed 1.20 marks up and In utilities Ords gained 1.50 marks. In chemicals, Basf rose 1.20 marks and Hoechst 0.70 marks. In engineerings. KHD roee one mark over Its close on276 words
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Article142 1977-07-02 7 MILAN: The market closed higher on Thursday, with operators generally encouraged by the Italian Coalition Party's agreement on Wednesday and reports of an Improved May balance of payments deficit, dealers said. Most Industrial and financial leaders gained. UaMal was unchanged while Aaie lost slightly against the trend. JUNE 30142 words
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Article343 1977-07-02 7 PARIS: The market firmed on Thursday wtth the 1/8 point fall in call money to 8-3/4 per cent and the cancelling of the propoasd Opec five per cent oil price ripe helping sentiment, dealers said. Foods, motors and constructions were particularly strong. Peagaet was firm despite saying it might343 words
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Article250 1977-07-02 7 ZURICH: Bourac prices were slightly higher in quiet trading, dealers said on Thursday. In banks, Kraditanatalt bearer rose and WintarUmr was higher among Insurances while Hero advanced In industrials. Jtvtu Holding showed no reaction to Its statement It still expects a loss (or the year ended on June 30.250 words
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Article305 1977-07-02 7 JOHANNESBURG Ookl shares were firmer In line with the higher bulhon price, but gains were small, dealers said on Thursday. Heavyweights rose about 25 cents and medium and lightweight Issues up to ten cents. Mining flnanctah were harder In line with producers, and Uaiea Cer* featured gaining 22 cents305 words
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Article310 1977-07-02 7 TORONTO: Prices closed higher In active trading on Thursday. The composite index was up more than two points and advances outpaced declines 294 to 124. Real Estate, up 15-1/2 points, led the index gainers. Canadian International Power A added 1/4 to 21-1/4 before being halted pending details on the310 words
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Article1145 1977-07-02 7 NEW YORK: A more favourable outlook on inflation and interest rates helped the market to finish higher In falriy active trading on Thursday. Analysts said Investors were encouraged by Wednesday's agricultural report of a five per cent drop In U.B. farm prices. The Federal Reserve report of a1,145 words
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Article52 1977-07-02 7 FINANCIAL TIME8 INDUSTRIALS Thursday 456.3 W<Klnesday 456.2 W-ek Aro 444.9 DOW JONES AVERAGE INDUSTRIALS Thursday 916.30 W<-drw»sday 913.33 W<*»k Ako 925.37 LONDON DOLLAR PREMIUM Thursday 113*4 to 114^4 Wednesday 113% tc 114% H.K. HANG SENG Thursday 439.59 Wcditosdav 438.12 Woek Aeo 437.21 ALL ORDINARIES Thursday 457.36 Wednesday 454.56 Wwk52 words
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Article171 1977-07-02 7 Reuter MANILA, Frl. Offshore drilling by the drill ship Olomar Tasman on the Reed Bank, near the Spratly Islands in the South China Sea, has reached 2,870 metres and will continue, the Philippine Energy Development Board reported. Drilling resumed after the successful cementing ofReuter - 171 words
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Article114 1977-07-02 7 Reuter TOKYO,Fri. Cia Nlpo Brasilelra de Pelotlzacao Nibrasco signed a US$33 million syndicated loan agreement here with a group of 10 Japanese banks led by the Industrial Bank of Japan, a banking group spokesman said. The five-year loan, bearing interest based on London Interbank offered ratesReuter - 114 words
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Article88 1977-07-02 7 Reuter AMSTERDAM, Frl. Amev plans to float a US$3O million Eurobond due 1978/ 87 with an expected coupon of 8 1/4 per cent, Joint syndicate leader Plerson, Heldrlng and Plerson said. Redemption will be at par In ten equal annual lnstal- ments, starting Aug 1,1978. Final couponReuter - 88 words
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Advertisement340 1977-07-02 7 WHM# < Ves, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the jj* pasar ma I am! Because Penguin books are rather r|4k special. They are mind-stimulating, deeply researched, 1 entertaining in a wholesome way, highly educational jjljih340 words
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COMMODITY REPORTS AND PRICES
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Article598 1977-07-02 8 OPENING quotations In the Singapore rubber market yesterday were marked up 1.50 cents following higher London advices after which the market eased slightly on lack of buying Interest and light profit-taking, dealers said. Turnover was small. The morning session closed quiet but slightly higher and598 words
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Article310 1977-07-02 8 Noon Cloae (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. l R s S prompt f .o.b. Int 1 R.S.S July 190.00 191 00N 188.25 196.25N 190.25 190.75 188.50 180.00 Int. 1 R.S.S. August 192.90 193.00 110.75 191.25 Int. 2 R.S.S. 180.00 190.OON 187.50 186.50N UK/Cont. 188.00310 words
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Article82 1977-07-02 8 July August R.A.S. (Cwn ■atMth) (Forward Mth) BUjnrt Mm Buy. m oMMR (caati »P*kf) <« wtepark*) SSR20 (1-ton Pallet) 191.90 193. SON 192.90 194.SON SSR50 (1-ton Pallet) 199.90 191.90N 190.90 193.90N M.R.E.L.B. SMR5CV (1-ton Pallet) 215.00 217.00 ***** 217.0ON SMR5L (1-ton Pallet) 213.00 219.00N 213 Oil 219.00N82 words
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Article29 1977-07-02 8 Rubber: July 1 Singapore: July 188.50 eta (down 0.50 ct) Malaysia: •lulv 190.50 eta (down 0.25 et) Tin: |1,«1H (upfllH) Official offering: 210 tonnes (down 57 tonnes)29 words
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Article99 1977-07-02 8 BANGKOK, Fri. Indicative prices quoted here were: (US dollars per tonne fob fusts fcinekok) White Rice 100 per rent 1st class 298 100 per cent 2nd 283 100 per cent 3rd 279 5 per cent 269 10 per cent 244 15 per cent 241 20 per cent 238 2599 words
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Article504 1977-07-02 8 TRADING conditions remained generally listless on the Singapore produce market yesterday as dealers withdrew further into the background. Until the close the wait-and-see attitude was pervasive. Two big reasons were cited for this near standstill trading conditions. One is the wide differences in price ideas and the other504 words
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Article337 1977-07-02 8 LONDON. Fri. Futures rose sharply at the outset of trading to score gains of around £135 from last night. But the opening session closed officially easier with most positions coming off the highs. However, prices recorded gains from last night of £127 to £90 per tonne with 595 lots337 words
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Article71 1977-07-02 8 C.I.F. Rotterdam, US doiian per ton. LONDON: Thursday Prwr. Malaysia 5% f f a bulk an.SOair Auf unq Sumatra 5* June unci) 82Salr July SlOslr 82Stlr/G2 Auf •Mslr 615slr Sept tttalr/ ST7W saspd 80S voir/ Nov uncti 572.SOpd Dec ■neb 567 SOpd Jan unch saopd Nigerian 5% ffa71 words
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Article140 1977-07-02 8 LONDON, Frl. Terminal showed early gains from last night of £7.50 (spot July at £3,025) to £33.50 per tonne having finished a short opening call £22.50 up to unchanged against New York. On Thursday, Terminal continued very steady in reasonably active afternoon dealings but closed variously below newly established140 words
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Article271 1977-07-02 8 THE Straits tin market in Penang yesterday was up $11% to $1,461% on an official offering down 57 tonnes to 210 tonnes. Sentiment was largely Influenced by the further firmness on the London Metal Exchange overnight together with Increased buying support, dealers said. In LONDON yesterday morning,271 words
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Article256 1977-07-02 8 LONDON, Fri. Terminal opened £0.35 to £0.05 per tonne down from yesterday's 5.00 p.m. levels. Bales of 1,236 lots consisted more than half of self trading Interests. Dealers said there was no follow through interest from yesterday's news of a 450,000 tonnes Philippines to Iraq raw sugar deal. Elsewhere,256 words
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Article153 1977-07-02 8 CHICAGO. Fri. Soybean futures fell sharply in early trading yesterday and were shoving lOssess of 11 1/2 to 19 1/2 cents a bushel after the first half hour. Liquidation and speculative selling were strongest in new crop months, reflecting the showers and thunderstorms moving across the midwest. Commercials were153 words
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Article71 1977-07-02 8 CHICAGO, Frl. Wheat futures lost several cents at the opening yesterday and were down 31/4 to two cents a bushel In early dealings. Liquidation and speculative selling were prompted by the large deliveries In the morning and the reports of Increased harvesting activities In areas of the plains missed71 words
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264 1977-07-02 8 MARKETS haVe held and consolidated at their ninemonth low, as levels dipped slightly and then Improved to close some t cent up on the week, said Holiday, Cutler ft Bath In its weekly review of the Singapore and Malaysian rubber markets. As a matter264 words
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Article323 1977-07-02 8 LONDON. Fri. Copper wire bars In the morning gained £15 per tonne for cash and £14 for Three Months. There was a snarp run up In values on the pre-market following the news that US copper workers had struck at midnight. Nervous shortcovering forced Three Months upto £796 per323 words
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Article203 1977-07-02 8 LONDON. Fri. Silver closed yesterday afternoon with losses of 1.6 to 1.3 pence per troy ounce. The market lacked fresh direction and held relatively steady despite a sagging trend In U8 futures. Three Months finished trading at 266.5 pence per troy ounce after sales of 48 lots which were203 words
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Article250 1977-07-02 8 QUIET and featureless conditions prevailed In the Singapore gold market yesterday. The kllobar was quoted nominally at SSI 1,410. There was no trading In the loco London market yesterday. The London morning gold fix was U*****.05, up 5 cents on the previous fix. Source: Singmas Retail prices per tael250 words
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Article116 1977-07-02 8 LONDON, Fri. Lead finished the morning with gains of £1 per tonne for cash and £1.50 for Three Months. This metal took its cue from copper with nervous covering taking the premarket upto £336 per tonne for Three Months. But the higher levels soon found profit-taking which offset the116 words
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Article102 1977-07-02 8 LONDON, Frl. Zinc closed the morning £0.75 per tonne up for cash and £0.50 down for Three Months. values reflected the general trend with early pre-market buying soon drying up following the subsequent downturn in cooper and lead. Three Months traded upto £327 at the outset of the pre-market102 words
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MONEY AND EXCHANGES
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Article463 1977-07-02 8 THE American dollar Sesterday rallied In ingapore's forex market against the yen to touch the 267.50 level during the morning's session after closing In London at 266.50 on Thursday. The recovery was due partly to profit-taking by dealers in the international money market centres. Dealers are of the view463 words
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Article39 1977-07-02 8 acbc First CUcaf0 1 H «H Citibank M Rf-Ckak Rink 7HSBC H H Bank of China 7 Malayan Banking H Rank at Tnkvo MiUui Bank M Bank Nifirt OCBC oub UCB UMBC UOB 7 T '439 words
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Article113 1977-07-02 8 Asian rates ASIAN currency deposit Interbank rates u at cloae on July 1 USDol Oflhr lara(8pai> BM 7 days 5 9/16 S 7/16 1 tnth .5 5/8 S 1/2 2 mths .5 3/4 S 5/8 3 mths .5 7/» S V4 Smths vie 6 1/16 9mths vie e vie 12113 words
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Article49 1977-07-02 8 RANOE of price* offered by discount houses on July 1 Overnight 2 to 3% Call depoait 3* CMM Bmy 3-Month Treasury Will 1 3-Month Banks bills 4 1/1 3-Month CD 4 1/2 •-Month CD 4 5/16 2 7/1 4 s vie 4 7/U Source: National Discount Co. Ltd.49 words
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Article155 1977-07-02 8 Euro rates LONDON. Frl. Eurodollar deposit rates opened little changed with trading fairly quiet ahead of the long US holiday weekend, dealers said. The Increase in the U8 money supply appeared to have had little effect so far on periods and rates traded steady, dealers added. An initial lack of155 words
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Article61 1977-07-02 8 1 j ri" j 1 r'.fr'ii "J i 1 'JjJ h 'ill I l j] \E£ B«k 1NM p.*. ■wdu at unto tar IB-day bdk to be fmfl on Jul* 4: Off end S20.000.6m Appbed lor *32.000.000 Aflottad: OB.OM.Mi Accepted Mds: M0 42: appro*Lmatety MM. blcber bids61 words
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Article270 1977-07-02 8 NEW YORK. Fri. The dollar erased earlier losses In a flurry of thin, late trading here yesterday after news US money supply rose sharply In the. week ended June 22. dealers said. The foreign exchange market generally expected a fall in money supply and was caught short on270 words
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Article304 1977-07-02 8 LONDON, Frl. Tne ua dollar weakened slightly against the yen and some European currencies In moderate early trading, dealers said. Despite a sharp rise in US money supply, which helped the US unit in New York last night, analysts believe the rise should have little effect on Federal reserve304 words
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Article104 1977-07-02 8 TOKYO, Frl. The yen pared an early decline on the local foreign exchange market, closing at 267.05 to the dollar for overnight delivery, dealers said. The Japanese currency had opened at 267.50 compared with 266.50 at yesterday's close. Combine spot trading volume was $225 million down from $323 million104 words
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Article59 1977-07-02 8 ZURICH exchang quotes on June 3< F US 2.4628-4635 UK 4 2570-2395 Can 2 3240-3200 W/Oerm 105 28 33 Ncth 96 46-M Prance 50 06-12 Brie 6 83 3/4 M 1/2 Denm 40M-96 Norw 46 28-30 Swed 55 98-5#. 02 Italy 0 2785-2787 Austria 14.83-45 Port 6.38-46 Spain 3.S359 words
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Article43 1977-07-02 8 AUSTRALIA/ NZ exchanges on July l. Australia Sterling 0 8520/ 0 6447 US dollar 1.1175/ 1.1127 Ninety-day air mall bujrinf ratea Sterbi* 0.1704 US doitora 1.1429 Ninety-day forward buyinf rate*: Sterunc 0.6500 1 1059 od: Stertlnf 0. 08 dollar I 5829 0.909543 words
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Article50 1977-07-02 8 FRANKFURT exchanges opening quotes on July 1 US 2.33H/ M Can 2 2C7V H UK 4.01*/ 028 N*th MM/ to (Hrttl M M/ M Italy 2 M/ <R Fninrf 47 51/ «1 N«rv 44 00/ M Bi-ta i-ooi 4*/ 49 B> Ik rtn H 4H' SO J;ipin 0.K7M/ IW>50 words
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Article295 1977-07-02 8 LONDON. Frl. London Eurobonds were basically steady in moderate activity. dealers said. Convertibles "were steady in quiet dealings. LONDON Eurobond price* on July 1 Straight* Bid OCtar > i 7 8 101* 102* Bell Camds 8% 86 106 100* BPCE8*83 102 102* Bra*18*84 87* 88* Cm Pacific 9*295 words
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Page 8 Advertisements
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Advertisement198 1977-07-02 8 or r t V MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE git" S s ASIA RESEARCH BULLETIN This unique publication offers businessman each month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East198 words
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TRANSPORT AND COMMUNICATIONS
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244 1977-07-02 9 Reuter LONDON, Fri. New orders to UK shipbuilders totalled 382,000 gross tonnes in the first six months of 1977 against 405,000 in the whole of 1976 and 75,000 hi 1975. British Shipbuilders chief executive M.B. Casey said. However, he told a pressReuter - 244 words
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191 1977-07-02 9 Reuter DALLAS, Frl. The US airline Braniff International yesterday proposed a US$25O (SS62O) one-trip air fare between Dallas-Fort Wcfrth, Texas and London. The airline said application for the fare, dubbed "Texas Skytrain," had been filed with the US Civil Aeronautics Beard. It said the fare wouldReuter - 191 words
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121 1977-07-02 9 Reuter GENEVA, Frl. Officials from 21 developing countries will take part in a three-week United Nations seminar on ocean chartering being held In London from Aug 15 to Sept 2, a UN announcement said. The secretariat of the UN Conference on Trade and Development (Unctad)Reuter - 121 words
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664 1977-07-02 9 AP DETROIT, Fri. A potentially controversial study commissioned by American car dealer Import groups concludes that a sharp consumer swing away from foreign to Us-bullt cars would result In a net loss of American Jobs and the closing ofAP - 664 words
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338 1977-07-02 9 AP Reuter WASHINGTON, Frl. US Transportation Secretary Brock Adams yesterday ordered all cars manufactured after model year 1984 to be equipped with air bags or another form of automatic crash protection, an order that goes into effect automatically in 60 daysAP; Reuter - 338 words
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Article170 1977-07-02 9 AP LONDON, Frl. Chinese charterers gave some life to an otherwise very dull market yesterday by booking three vessels on a timecharter basis. They indulged In further long-term period business, taking the 15,319 dwt "Sibenlk" at U553,250 per day for a 12 to 15-month period of tradingAP - 170 words
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Article, Illustration346 1977-07-02 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Auby (0600 21 West Bunga Angsang (after Patricia) (Class I on Board) 3/4 Hudson Maru (JEHF) (1200 after Bendearg) 46 Kota Singapura (1830 after Feichi) 45 Oolden Glory (0800) (tide) 23/24 Oakbank (1930 after Belgrade Dnestrovsky) 1/2 Ri Heng (1500 27/28 Shlkoku Gelr346 words
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187 1977-07-02 9 Reuter PITTSBURGH, Fri. Rockwell International Corp said President Carter's decision not to deploy its B--1 bomber will have a minimal effect on earnings this year. However, the companv said in a statement It win lose the long-term potential production had offered,Reuter - 187 words
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Article199 1977-07-02 9 IRAQI General Enterprise for Maritime Transport, the Iraqi National Line, Included Singapore In its service from the middle of last year. The service commences from the port of Basrah In Iraq to Singapore discharging such cargoes as Arabian dates. Timber, plywood, rubber, spices etc are loaded for199 words
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Article625 1977-07-02 9 ARRIVALS j Operate m Number Loca Tim I I From CAL SIA CPA MAS CPA CAL OIA THAI SIA OIA PAL RBA SIA OIA MAS KLM SIA OIA OIA MAS TMA SIA OIA SIA OIA MAS SIA OIA AI MAS SIA PAA 8IA OIA SIA ANZ QAL625 words
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Advertisement460 1977-07-02 9 f Soft Sell Is What You Need We Have It i mmteym tooHcmc i You want to project yourself and your company to your many clients and business associates. But you don't want high-profiles, "hard sell" what you want is something discreet and dignified, perhaps something that "sells" Singapore and460 words
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Article, Illustration825 1977-07-02 10 VICTOR McELHENY - By VICTOR McELHENY NYT NEW YORK: The six-year-old Industry that produces tiny computers of flnger-nall-slzed chips of silicon, the so-called microcomputers, has shown strong signs In the last several weeks of moving toward an evolutionary, rather than a revolutionary, approach to introducing changesNYT - 825 words
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Article, Illustration1668 1977-07-02 10 JOHN WYLES - THE LATEST OF THE TYCOONS By JOHN WYLES FOR MORE than 50 years a favourite stereotype of the successful American businessman has depicted an eccentric but ruthless cigar chomper, whose shortage of brain power mattered less than his ability to corner the market1,668 words
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Article, Illustration1387 1977-07-02 10 WALLACE TURNER - By WALLACE TURNER NYT HONOLULU: Political life here becomes dally more entangled with charfes of venality, explanations of how business Is done at the top and, most recently, a US$5l million (Ssl2s million) libel action. Partisan and ethnic politics have roles In all ofNYT - 1,387 words
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Page 10 Advertisements
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Advertisement211 1977-07-02 10 THEHAMLYN PICTORIAL ATLAS OF THE WORLD 111* iri m ti !ii i imprehensi ve it la iiitu 1 indispensable both to student a y» oytc»phy and to yenpf.d reader abo want to understand the in., economic and political shape of the Aorld Here for the first time, a cor ise211 words
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303 1977-07-02 11 Reuter UPI MANILA, Fri. The Philippines has proposed a rice agreement amoag members of Aseaa, according to Philippine Agriculture Secretary Arturo Tanco. He told a television interviewer that under the proposed agreement, members with rice deficits would be given priority of supply by countriesReuter; UPI - 303 words
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235 1977-07-02 11 AFP BANGKOK. Fri. Governmental stability, investment promotion, better improvement In world economic conditions and Increased government exCnditures were cited by a iding Thai economist today as factors contributing to an overall brightening of Thailand's economy In the first quarter of the year. Mr. Kris Sombatslri,AFP - 235 words
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Article34 1977-07-02 11 AFP DACCA. Frt. Bangladesh will receive an additional 1.50.000 tonnes of food worth US$2B million (Ss69 million) this year from the United States under an agreement signed here yesterday. AFPAFP - 34 words
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549 1977-07-02 11 Reuter TOKYO, Frl. VtceMinlster of Finance for International Affairs, Michlya Matsukawa, said Japan will not need any strong measures like those taken in 1972 and 1973 to reduce its large trade and payments surpluses. He tole a press conference "we mayReuter - 549 words
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285 1977-07-02 11 Reuter BASLE Fri. The Swiss Chemical firm Ciba-Geigy said yesterday that its Japanese subsidiary had agreed to compensate patients who contracted a disease after taking certain antl-dlarrhoea medicines. In June last year, CibaGeigy admitted there was "a causal relationship" between some of itsReuter - 285 words
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181 1977-07-02 11 AFP TOKYO, Frl. Japan plans to establish contact with North Korea through its diplomatic missions abroad to ascertain Pyongyang's intention to proclaim a 320-km economic zone. According to foreign ministry sources, the Tokyo Government was perturbed by Pyongyang's announcement this morning that itAFP - 181 words
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Article168 1977-07-02 11 AP SEOUL, Fri. South Korea has further liberalised its import policy by removing 24 more items from its restricted import list for the second half of the year. Government officials estimated the measure, announced yesterday, would Increase South Korea's imKrt amount for the Julycember period byAP - 168 words
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131 1977-07-02 11 AP HONGKONG. Fri. A Hongkong aircraft engineering company has signed a contract with Vietnam to supply parts to several DC-3, DC-4 and DC--6 planes, an aviation source in Hongkong reported today. The source said the contract was signed a month ago between Hanoi's VietnamAP - 131 words
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125 1977-07-02 11 THE Minister of State for Labour. Mr. Sla Kah Hul, will open a one-day technical workshop organised by the Labour Ministry at the Regional English Language Centre on July 8. The theme of the workshop Is safe use of machinery, and It will cover125 words
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Article104 1977-07-02 11 THE president of Mitsubishi Singapore Heavy Industries, Mr. Tomlsaburo Kumose, has left Singapore for Japan to assume his new appointment as senior managing director, of Mitsubishi Chemical Machinery Manufacturing Company. He was president of MSHI for four years. He will be replaced by Dr. •Isoe104 words
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Article123 1977-07-02 11 SINGAPORE is likely to experience a dry spell for the next two to three days, according to a Meteorological Service forecast yesterday. This is because the Republic's weather condition Is still strongly Influenced by the dry spell associated with the winter anti-cyclone over Australia. The dry123 words
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Article48 1977-07-02 11 TEMENOOONO yesterday announced that It is launching a $800,000 Vic-, torlan-styled pub, called "The Jockey' 1 in Bhaw Centre., The Company Is atoo the operator of the A and W chain of restaurant* in Singapore and Malaysia and tne public catering facilities at the Sincapore Airport.48 words
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175 1977-07-02 11 THE Singapore Land and Housing Developers Association yesterday urged the Government to give developers property tax concessions from the time a project Is completed till It Is occupied. At the moment property tax on projects still In progress art being borne by developers until175 words
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225 1977-07-02 11 THE self-service petrol station scheme In Singapore appears to be catching on. Its growing popularity among motorists here has resulted In more oil companies starting the scheme. The latest 01 these is Mobil which opened four self-service petro kiosks yesterday. They are: Mobil Retail225 words
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111 1977-07-02 11 TOUR Holdings Intertional Limited (THI) operated profitably in 1976 and "an excellent result has been achieved In the first half of 1977," according to the managing director, Mr. George Ham 11 ton-Dick. Mr. Hamilton-Dick was commenting on a number of developments within111 words
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Article149 1977-07-02 11 CHARTERED Insurance Brokers (M) Bdn Bhd has changed Its name to Antah Chartered Insurance Brokers (11) Bdn Bhd. Chartered Insurance Brokers was set up In November 1975 by Standard Chartered Bank and Bland Payne, an international Insurance and re-Insurance group, with a Malaysian majority shareholding. Based149 words
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Article26 1977-07-02 11 TOKYO. Prl. Mitsubishi Bank. Japan's fourth largest commercial bank. nas set up a subsidiary in Hongkong to provide better financial service In Southeast Asia.26 words
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145 1977-07-02 11 AFP TOKYO, PH. Profits of major Japanese businees la the semi-annual period ending Sept 30 will drop more than 19 per cent for the first setback in two roars, according to a Tokyo research body. Hie Nomura Research Institute said combined sales of 402 nop-financialAFP - 145 words
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Article60 1977-07-02 11 JapaneseUS talks SENDAI (Northern Japan) Frl. Prime Minister Takeo Fukuda said US and Japanese officials should hold working-level consultations this autumn to discuss trade problems between the two countries. He said the Issue of colour television exports to the US market has been settled, while talks are In progress on60 words
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Article30 1977-07-02 11 Reuter WASHINGTON. Frl The Indonesia government will stop importing granulated sugar this year because domestic sugar production Is sufficient to meet domestic demand,-the US Agriculture Department said. ReuterReuter - 30 words
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309 1977-07-02 11 AFP CANBERRA. Fri. Th Australian Reserve Bank has concluded the financial year ended yesterday, by releasing fro®en funds to the private trading banks. The reserve bank works closely with the Treasury to Implement federal government policy. The easing of the credit against all publicAFP - 309 words
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311 1977-07-02 11 AFP Reuter WASHINGTON, Fri. The World Bank and Its affiliate, the International Development Association, announced loans and credits totalling US$73 million (Ssl79 million) to Thailand, Bangladesh and India for development projects. Thailand will get a loan of $55 million (Ssl3s million) for an irrigationAFP; Reuter - 311 words
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Article98 1977-07-02 11 Reuter BANGKOK, Frl. The Thai Government has authorised the Electricity Generating Authority of Thailand (EGAT) to negotiate a four billion yen (Ss37 million) loan from Japan's Export-Import Bank, a spokesman said. An EGAT team will leave for Tokyo In late July for talks on the loan whichReuter - 98 words
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Page 11 Advertisements
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Advertisement273 1977-07-02 11 APPOINTMENTS A well-established International Company invite* suitably qualified candidates to fill the positions of.SALES EXECUTIVE Candidates must possess a B.Sc. (Chemistry) degree from a recognised university or equivalent. Must possess a car and a Class 111 driving licence- Ability to converse fluently in English and local Chinese dialects and be273 words
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Advertisement204 1977-07-02 11 ASSISTANT MANAGER THE JOB Assistant Manager 'Qualification Qualified Accountant with several years experience in Offshore Banking/ Corporate Finance at Management level Duties Will function as member of management team Company International Merchant Bank (with ACU), member of a strong overseas Banking Group Emoluments Commensurate with qualifications and experience. Applicants should204 words
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335 1977-07-02 12 LONDON, Frl The Malaysian Rubber Producers' Research Association (MRPRA) In Britain, which has contributed much to the scientific and technological advances in the rubber industry, is confident of yet other major breakthroughs in natural rubber's expanding uses. This hopeful note is struck335 words
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Article162 1977-07-02 12 AFP BEIRUT, Frt. A 30-year-old agreement that gave American ships docking rights In the tiny Gulf sheikhdom of Bahrain ran out today, leaving the U8 with only one Indian Ocean base. After Its departure from the strategically located Jfelr base in the heart ofAFP - 162 words
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751 1977-07-02 12 SINGAPORE'S Asian dollar negotiable certificates of deposit (ACDs) are expected to be Issued within the next two months. Already some banks have gone to the printers and sources say that it should not take long after certificates are printed for the new751 words
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223 1977-07-02 12 AFP MANILA, Fri. The Philippines has quietly lodged a protest with Malaysia over the alleged training by Malaysian military personnel of some 400 Filipino Muslims In Sabah, top government sources said today. The sources said the training were conducted during the pastAFP - 223 words
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Article58 1977-07-02 12 AFP TOKYO, Fri. Japan's 95 manufacturers of cotton yarn, synthetic fibres and short-staple yarns have extended their Joint production cutbacks for three months from today. The anti-recession cartel, approved today by the Fair Trade Commission, Japan's anti-monopoly watchdog, calls'for a 25 per cent production cut from December levelsAFP - 58 words
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Article759 1977-07-02 12 LONDON. Frl. The market closed quietly easier, dealers said. The FT Index at 3.00 p.m. was down 4.0 at 451.7. Leading Industrials fell up to lOp while government bonds showed on balance falls of up to 1/4. Dealers noted selling of some short-dated stock to meet the final759 words
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673 1977-07-02 12 SINGAPORE Reinsurance saw an 11.7 per cent rise In 1976 pre-tax profit to $752,268 In its third year of operations. As in the previous year, Investment income constitutes the bulk of the earnings, contributing $666,|58 or 88.4 per cent of the company's earnings against $606,238673 words
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Article102 1977-07-02 12 AFP MANILA, Fri. Tks Asian Development Bank today accepted a new contribution from Britain anointing to £280,000 (891,044,000) for the bank's Technical Assistance Special Fund. The contribution, Britain's sixth, brings total British contributions to the fund to about U591.48 million (SS3.S2 million), the ADBAFP - 102 words
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Article260 1977-07-02 12 PARKING appear to be non-starters as far as Singapore streets are concerned. Feasibility studies carried out by the Urban Redevelopment Authority lURA) show that the ibour-savlng device will not be suitable for use here. A spokesman for the URA said this was because studies showed260 words
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Article189 1977-07-02 12 THE High Court yesterday ordered four companies to be wound up on grounds of insolvency. They were Good Line, Island Ford Sales, Clifton Travel and British Asian Shipping. Good Line was wound up on the petition of Bank Negara Indonesia on the grounds that189 words
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131 1977-07-02 12 CANBERRA, Frl. A leading Australian financial newspaper strongly attacked the Government today for its protectionist trade policies and the effect they had on Asean. The Australian Financial Review said the policies wen "braasn hypocrisy." "The Southeast Asian nations are becoming Increasingly restive about our trade131 words
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Article62 1977-07-02 12 AFP BANGKOK, Frl. Preeld«nt Marto of Indonsf will load ac entourage ol 31 ranting official*, lncludlng three Cabinet mlnlateva on an "unofficial" silt to Thailand on July 4-1. a Thai ipwrn- ment apokeeman aaid toXru., his visit, Mr. Babarto and his delegation Mill (asaae fWIMhA '-t wuiAFP - 62 words
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394 1977-07-02 12 BARELY six Maths after securing a five-year HKSIM million (8578.t million) contract to handle the outdoor advertising for Hongkong's Mass Transit Railway systsm, Peart and Dsaa this week wen another contract with the Hongkong Department of Civil Aviation. The contract is for394 words
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Article61 1977-07-02 12 AFP WASHINGTON, Frl. West German Chancellor Helmut Schmidt will pay an official visit to the United States from July 13 to 15, It was announced here yesterday. He will be accompanied by his wife and Foreign Minister Hans Dietrich Genscher and will hold talks with PresidentAFP - 61 words
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432 1977-07-02 12 BINQAPORE companies were involved In 20 Joint ventures, with total Investments of 1,448 mill on bahts (*****.6 million), In Thailand as at end-1976. However, Singapore's Investment In the 20 Joint venture companies came to only <23.1 million, or 13.1 per cent of the432 words
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355 1977-07-02 12 SINGAPORE'S burgeoning aero engineering Industry will get another boost when a $2 million plant specialising in the overhaul of hot section components of aircraft Jet engines starts operations early next year. A joint venture between the Economic Development Board and West Germany's Vac-Hyd, a company355 words
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Article225 1977-07-02 12 MR. Khoo Chiang Poh, a founder member of Cosmic Insurance Corporation, now Jobless following his "dismissal" four years ago as the company's managing-director, yesterday successfully conducted his own appeal against a High Court Judgment In a civil case. The appeal was against the decision of the225 words
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Advertisement163 1977-07-02 12 GAMBLERS HANDBOOK n¥>° 'a, si 4 f is 0 tfi 55 K a rp r> tt I i 1 K 01 n U H s5 by E. Lenox Figgis F.C.A. A practical handbook expkrining how batting tokos place on tha world's matt popular batting pastimes, including horsas, dogs, football pools,163 words
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