The Business Times, 5 July 1977
1977-07-05
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The Business Times
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Title Section10 1977-07-05 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, JULY 5, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article75 1977-07-05 1 TOKYO, Mon. Prime Minister T&keo Fukuda said, it is "quite undesirable" for Japan to chalk up monthly trade surpluses at a time when most advanced nations face serious balance of payments difficulties. Mr. Fukuda said the measures Include enforcement of "orderly exports" and removal of Import restrictions which75 words
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Article87 1977-07-05 1 Reuter BANOKOK, Mon. The National Economic and Social Development Board (NEBDB) said It expected all sectors of the domestic economy would expand this year with real Gross National Product increasing by 7.1 per cent compared with 0.2 per cent In 1076. The Investment climate has Improved thisReuter - 87 words
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Article79 1977-07-05 1 Reuter MADRID, Mon. Bank of Spain Governor Jose Manuel Lopez de Letona said devaluation of the peseta could be no substitute for drastic action against Inflation which must be the country's top priority. Presenting the bank's annual report, he said unless a solution Is found to curbReuter - 79 words
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Article96 1977-07-05 1 AFP TOKYO, Mon. Exporters' optimism grew today when a Japanese delegation representing major steel and trading firms returned from Hanoi with an agreement on a US$5O million (***** million) deal to supply 200,000 tonnes of Japanese steel to Vietnam, the largest contract between the two countries since theAFP - 96 words
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Article76 1977-07-05 1 Reuter NEWCASTLE, Mon. The president of Britain's National Union of Mine-workers, Mr. Joe Oormley argued for an end to" the social contract between unions and government but warned delegates to the Miners National Conference against seeking impossible pay claims. "It is completely wrong for a resolutionReuter - 76 words
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Article55 1977-07-05 1 FRANKFURT, Mon. The US dollar was fixed at its lowest rate for more than two years on the West German foreign exchange market here today. It was pegged at 2.3238 marks compared with 2.3302 marks at the end of last week. The decline follows a continued55 words
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Chief Price Changes
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Article, Illustration165 1977-07-05 1 THE Singapore stock market closed mixed in quiet trading yesterday. Selected lower priced industrials finished higher on balance, At the close, the Businees Timee index fell 1.19 points to 323.48. The Straits Timee index roee 0.23 point to 257.00. Rises Most active FHHB 114 +17 Haw Par165 words
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Article107 1977-07-05 1 Rises Most octivt Fusan 1.13 .15 General Lumber 408,000 2.72 +.10 Public Bank. 371.000 P. Rtinlf Bandar Raya 300,000 P Textile K.L. Ind Text. Corp. 0.69 O.N 0.80 .08 06 Per&k Carbide 275.000 .05 Total Turnover: 3.64M O.C3.C. 6.70 +.06 Total Value: M85.8SM I.M Textile 0.34* .04*4107 words
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466 1977-07-05 1 Agencies TEHERAN, Mon. Iran's chief oil negotiator expressed strong satisfaction that the two-tier price system would end. Minister of State Jamshld Amouzegar insisted that Iran had not been hurt by the price split but added that the return to a single price wouldAgencies - 466 words
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872 1977-07-05 1 JOHN TAN - SAVE ENERGY MEASURES SOON? •y JOHN TAN FEARS THAT the Government may have to take unpleasant steps to discourage fuel consumption have been revived by the 5 per cent oil price Increase announced by Saudi Arabia and the United Arab Emirates. Some872 words
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727 1977-07-05 1 ASEAN Foreign Ministers at a four-day ministerial meeting opening here today are expected to discuss preparations for the second Asean summit conference and the Asean 10th anniversary celebration next month. The ministers will review and discuss proposals for a new structure to reflect the727 words
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355 1977-07-05 1 Reuter CANBERRA, Mon. Prime Minister Malcolm Fraser said here today Asian countries' criticism of Australia for restrictive trade policies was misdirected and be forecast a trade balance by 1964. In his first public comment on the issue Mr. Fraser said Asean had better market accessReuter - 355 words
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Article353 1977-07-05 1 THE PUBLIC Utilities Board made a trading surplus of $89.3 million last year but says that this is not large in relation to total assets employed, which is nearly $1.7 billion. It points out that the surplus was made possible by increased efficiency in353 words
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338 1977-07-05 1 THE PRICES of soft drinks In Singapore are expected to be raised by five cents for a small bottle and ten cents for a medium-sited one from July 21. The two organisations representing coffee shops here, namely the Foochow and the Kheng338 words
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Article233 1977-07-05 1 SINGAPORE needs to change her decade-old economic policy and shift her orientation towards her agricultural and resource based neighbours. Instead of the industrial countries. This was said by Dr. Lee Soo Ann, Associate Professor of the University of Singapore's Economics Department, at" the Asian Youth233 words
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Page 1 Advertisements
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Advertisement43 1977-07-05 1 /J Rolex keeps on keeping perfect time Eastern Watch Co. «ad Branches 285. South Bridge Road. Tel: 78 877,79 074 SEE PAGE 2 Oversee* Stocks P 1 Commodities P 3 Traxptrt C P 4 muioiioai Feature* P 5 Local Overi P I News43 words
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Advertisement22 1977-07-05 1 m md4m ,'hii ik t. i<: t({\l >£ i> /.*&N IL v v < mmwmrnm. i/.!-' i tfH> /v. v/t (f If.': > 'i v.22 words
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Advertisement137 1977-07-05 1 U-BIX COMPLETE COPYMG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE T« *****2 (5 LinM) APS ELECTRONICS <M) SDN BHD KUALA LUMPUR T«l ******3696/***** A FACT OF LIFE! r 'valuation of assets under current cost accounting Traditionally, fixed assets could be shown in company accounts at cost or at value. Now, the137 words
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OVERSEAS
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398 1977-07-05 2 AFP ABADAN, Mon. Iran has entered the petrochemical age, and Intends to carve out a big share of this market for Itself In the coming decade. The tubular structures and flares that rise above the desert near Abadan today belong to oneAFP - 398 words
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137 1977-07-05 2 AFP LIBREVILLE, (Gabon), Mon. African leaders heard the voice of pragmatism when the Nigerian head of state addressed the Organisation of African Unity (OAU) summit here yesterday. Observers felt all the economic and demographic weight of Nigeria when General Olusegun Oba sanjo declared hisAFP - 137 words
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216 1977-07-05 2 AP GENEVA, Mon. Mr. Andrew Young, US ambassador to the United Nations, said today that most US Cabinet members favour staying in the International Labour Organisation (ILO). Mr. Young said he was "very encouraged at the determination on the part of theAP - 216 words
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Article63 1977-07-05 2 UPI TOKYO, Mon. Japanese and Saudi Arabian joint venture for training oilplant operators will be established in Saudi Arabia In September, Industry sources said last Friday. The 90 million yen (*****,000) Arabian Remote Sensing Industrial Training System (Arsit) will be owned 60 per cent by Economic Cooperation DevelopmentUPI - 63 words
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612 1977-07-05 2 Reuter NEWCASTLE, Mon. Militant British mlneworkers will this week press their national conference here to breach the current Phase Two pay policy by voting to demand major wage increases from Nov 1, only eight months after their last pay rise. IgnoringReuter - 612 words
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Article411 1977-07-05 2 AFP TAIPEH, Mon. Taiwan's exports of textile products declined In value despite an Increase In volume In the first five months of this year. A trade official attributed this phenomenon to the keen competition among exporting nations which has prevented upward adjustments in unit prices. Taiwan'sAFP - 411 words
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840 1977-07-05 2 NYT NEW YORK, Mon. The Carter Administration has begun working closely and confidentially with leaders of organised labour and business in an effort to develop a common understanding of the causes of Inflation and more effective policies and programmes for bringing downNYT - 840 words
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193 1977-07-05 2 AP NICOSIA, Mon. Saudi Arabia has recently awarded contract* totalling U*****.45 million (gfl.2 billion) to Asian and European companies, the Middle East Economic Survey (MEES) reported today. Consolidated Contracting Company, a multinational group, won a contract worth $252 million to implement the fourth stageAP - 193 words
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230 1977-07-05 2 UPI AFP TAIPEH, Mon. Taiwan's foreign reserves amounted to US$4.2 billion (5510.3 billion) at the end of June, an all-time record, financial spokesman said today. Foreign reserves were $3.4 billion in December, 1976, and $3.8 billion In April. A growing foreign trade surplus and theUPI; AFP - 230 words
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770 1977-07-05 2 NYT ATLANTA( Georgia), The booming economy of the southern United States is taking on an Increasingly international tone. Within the past few weeks, two of the world's largest foreign banks have opened offices in Atlanta, planning has begtin for linking Deep South and EuropeanNYT - 770 words
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Article128 1977-07-05 2 AP WASHINGTON, Mon. Congressional auditors estimate the Argo Merchant oil tanker spill off Nantucket last December cost US$5.2 million (5512.8 million), without counting any damage to fish and sea life. The General Accounting Office also estimated that an oil barge spill in the Chesapeake BayAP - 128 words
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Article204 1977-07-05 3 Reuter JERUSALEM, Mon. Israel last night carried out its first devaluation since the Centre-Right Likud government of Prime Minister Menachem Begin came to power last month. The Israeli pound was devalued by a further 2 per cent from midnight (2200 GMT), bringing Its value toReuter - 204 words
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Article59 1977-07-05 3 AFP WASHINGTON. Mon. A Gallup poll has found that 59 per cent of Americans favour negotiations with Cuba to re-establish diplomatic and economic links. As reported in the Washington Post yesterday. the poll also found, however, that 62 per cent of Americans believe American prisoners inAFP - 59 words
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868 1977-07-05 3 NYT GENEVA, Mon. President Carter's special trade negotiator, Robert Strauss, will visit the European Common Market Commission in Brussels on July 12 in a bid to inject new life into the long-stalled Geneva trade negotiations, according to diplomatic sources.NYT - 868 words
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Article41 1977-07-05 3 HONGKONG, Mon. A delegation headed by Somali's Vice President Ismail All Aboker left Pyongyang by air yesterday after being seen off at the airport by North Korean Vice-President Kim Dong Gyu. the North Korean .News Agency reported today.41 words
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Article167 1977-07-05 3 Reuter ROME, Mon. Italy had a provisional trade deficit of 471 billion lire (SJI.3 billion) in May compared with 507 billion lire in April and 510 billion lire in May 1976, the Central Statistics Institute (Istat) said. Excluding oil prices from the calculations. Italy had a MayReuter - 167 words
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258 1977-07-05 3 Reuter LONDON, Mon. UK stockbrokers Phillips and Drew say they expect UK inflation to ease more slowly than they previously forecast and to remain at over 10 per cent year on year throughout 1978. Phillips' latest monthly forecast revises downwards theReuter - 258 words
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Article50 1977-07-05 3 AFP HONGKONG. Mon. A Hongkong furniture manufacturers' confederation has been formed to coordinate efforts for the boosting of exports. The confederation will help manufacturers to promote trade and business, represent them In negotiations for assistance from government or other related organisations, and organ lse training programmes. AFPAFP - 50 words
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483 1977-07-05 3 AFP GENEVA, Mon. Arduous negotiations for renewing the Multl Fibre Agreement (MFA) will begin here tomorrow within the textile committee of the General Agreement on Tariffs and Trade (Gatt). The present agreement which began three years ago expires at the close of thisAFP - 483 words
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143 1977-07-05 3 AFP CANBERRA, Mon. A limited offer .to purchase wool trial will begin in Melbourne as soon as possible but not later than Jan 1. 1978, the Australian Wool Corporation announced today. Under the terms of the trial, the corporation proposed initially to buy upAFP - 143 words
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Article79 1977-07-05 3 UPI TOKYO, Mon. Spain will display Its major export products in an exhibition here from July 14 to 23 In a move to trim its trade deficit with Japan, sponsors reported today. On display will be such goods as porcelain, leather goods, textiles, brass Items, glass andUPI - 79 words
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Article124 1977-07-05 3 AFP KUWAIT, Mon. The Emir of Kuwait, Sheikh Sabah As-Salim As-Sabah, will today ratify a 1977-78 budget for US$6,BOO million (5516,728 million) In which about 10 per cent of receipts, at $681 millions, will be allocated to a "reserves fund for future generations." The fundAFP - 124 words
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254 1977-07-05 3 How US whites reap millions of in contracts AP WASHINGTON, Mon. White businessmen in the United States have reaped millions of dollars in noncompetitive federal contracts that were intended to help struggling minority businesses become self sufficient, the Washington Post says. In its editions today, the Post said the whiteAP - 254 words
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Article31 1977-07-05 3 Reuter HONGKONG, Mon. Vietnamese peasants have started to build a 23 km canal in Nghe Tlnh Province, south of Hanoi, the Vietnam News Agency reported yesterday.. ReuterReuter - 31 words
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Page 2 Advertisements
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Advertisement497 1977-07-05 2 THE DEBT mjt TRAP HOW TO SURVIVE N THE SLUMP Business Management in Penguins The D«bt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their497 words
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Page 2 Miscellaneous
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Miscellaneous52 1977-07-05 2 THE WEATHER WEATHER report for 24 hour* prior to 7.30 p.m. on July 4 at Singapore airport. Maximum Temperature 31.1° C Associated Humidity 67 Minimum Temperature 35.5° C Associated Humidity 90 Hours of Sunshine 4.10 Rainfall in Millinwtres 19 Total Rainfall for the Month 19 Total Rainy Days for the52 words
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Miscellaneous282 1977-07-05 2 RADIO TV SINGAPORE 5 3.00 PM Opening announcements followed by Flying Nun (Repeat)* 3.25 Diary of Events (English) 3.30 General Hospital 4.10 Magazine Zero One (Repeat)* 4.25 Intermission 6.05 Opening announcements followed by Porky Pig Show* 6.30 News in Brief* 6.35 Boy Dominic Charles and Emma* 7.ooThe Phil Silvers Show282 words
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Page 3 Advertisements
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Advertisement163 1977-07-05 3 Non-stop to New Zealand. Non-stop comfort Non-stop service. Non-stop entertainment. There's only one way to get to New Zealand in one hop. Nonstop. The fastest way. The most comfortable way. Every Tuesday and Saturday. Air New Zealand takes you there. In wide-bodied DC-10's. With non-stop service because passenger capacity provides163 words
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COMPANY NEWS
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Article513 1977-07-05 4 AN EFFECTIVE marketing strategy coupled with the success of its cost control programme were the main factors behind Allied Chocolate Industries' turnround last year. Against a 25 per cent Increase In turnover to $17 million for the year ended Dec 31, 1976. the group513 words
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COMPANY MEETINGS
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Article19 1977-07-05 4 THE following company meetings are due: July 5, 11 a.m., 105 Brick Kiln Road, Penang.19 words
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19 1977-07-05 4 July 8, 12 noon, No. 13, Jalan Semangat (Section 13), Petallng Jaya, Selangor.19 words
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Article410 1977-07-05 4 Current payment Ex Date Date payable Total for the year Total for previoua year Harper Gilftlla.it Kg Lanjut Premium Holding! Kulim Tongkah Harbour Chin Teck Killing hall Tin S.M. Industrie* Johan Tin K. K em par Batu Kawan Duff Dev. Inch Kenneth Lien Hoe CCM Eu Yan Sang410 words
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367 1977-07-05 4 TEXTILE CORPORATION of Malaya, which had a successful trading period for the nine months to Dec 31, 1976 is bracing itself against the 111-wlnd that is once again blowing In the textile market. Chairman Tan Sri Frank W.K. Tsao says in his latest367 words
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299 1977-07-05 4 GROUP pre-tax profit at Negri Sembilan Oil Palms rose marginally by four per cent to M 54.55 million on sales which dropped some six per cent to $14.1 million, during the year ended Dec 31. 1976While this reflects an improved profit marlng due299 words
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Article230 1977-07-05 4 THE hour-long Annual General Meeting of plantation company. Premium Holdings last Thursday voted In two new directors and rejected nomination for a third In what is generally regarded as a board-room tussle between two major shareholder groups. An emergency board meeting later decided to abolish the230 words
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Article156 1977-07-05 4 PRIVATE INVESTMENT Company for Asia has appointed Mr. Edward de Jong as senior vice president, finance and banking. Mr. de Jong, 59, has had a lifetime of banking experience, much of which was gained in Asia. He was managing director of Asian and Euro-Ameri-can Merchant Bank until156 words
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319 1977-07-05 4 SAINT PIRAN, the Malaysian and Cornish tin producer, which has diversified into housing construction, has produced a dramatic upturn In earnings for the year ended March 31. 1977. Following an eight-fold increase at the half way stage, pre-tax profit surged to £2.01 million for319 words
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442 1977-07-05 4 HALF-WAY through the current year ending Dec 31, 1977 Kulim (Malaysia) has estimated that group pretax profit would amount to MSI 1.68 million compared with $6.86 million In 1975. The company, however, is quick to add In its Interim report that "at this442 words
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317 1977-07-05 4 KILLINGHALL TIN has turned its back on the successive lower level of earnings of the past two years with the current higher production and buoyant tin prices putting profit on an encouraging growth plane again.. For the first half-year ended March 31, 1977, the317 words
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Article153 1977-07-05 4 METRO HOLDINGS has agreed to sell a plot of vacant land next to its department store at Supreme House along Clemenceau Avenue for $5.1 million. A company statement yesterday identified the buyers as Mr. Chua Chye Seng of 59, Paya Lebar Crescent and Mr. Lum153 words
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Article2062 1977-07-05 4 DAVID CHURCHILL - INDUSTRIAL RELATIONS By DAVID CHURCHILL FT. AT FIRST sight there would appear to be little In common between IBM, one of the largest multinational corporations In the world, and the tiny North London film processing company of Grunwic k Laboratories, the current scene of someFT. - 2,062 words
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Page 4 Advertisements
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Advertisement197 1977-07-05 4 Give us a man for a monthwell give him a language for life Mbigua 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 proficiency197 words
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INTERNATIONAL COMPANY NEWS
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220 1977-07-05 5 NORTH AMERICAN COMPANIES Reuter. MOTOROLA expects Its sales and profit growth this year to exceed the company's long-term trend, President William Weisz told security analysts. Earnings from continu-. lng operations in 1976, restated for the recent acquisition of Codex Crop, were $3.04 a share onReuter. - 220 words
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Article92 1977-07-05 5 Reuter GOODYEAR TIRE AND RUBBER said It completed the second and third natural gas wells on Its Akron property. The wells will provide significant amounts of energy for its Akron auto tyre manufacturing operations. but will not be used to generate power. Goodyear said the second wellReuter - 92 words
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Article184 1977-07-05 5 Reuter REPUBLIC STEEL has sought to squelch fears of a downturn in steel demand In the second half of 1976. In a statement, Republic noted recent press reports of concern among some steel industry officials that the second half could see a repeat of last half ofReuter - 184 words
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155 1977-07-05 5 Reuter THE INTERIOR Department has endorsed a plan by the State of California for Exxon Oil company to build oil storage and treatment facilities on land near Santa Barbara. California. Exxon won approval In 1974 to build offshore facilities in the Santa Cruz fields of theReuter - 155 words
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98 1977-07-05 5 ASARCO expects second quarter earnings to exceed year-ago earnings of 48 US cents a share, chairman Mr. Charles Barber said after an analyst meeting. Mr. Barber would not estimate the expected earnings improvement. In its first quarter Asarco earned 30 cents a share compared with98 words
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Article63 1977-07-05 5 RAPID-AMERICAN said it sees consolidated net Income In the year ending Jan 31, 1978, at more than US$2O million compared with $13.94 million In the previous year. It said operating profit in almost all divisions of Its McCrory corp unit is ahead of last year63 words
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184 1977-07-05 5 Reuter H.J. HEINZ'B results for the first quarter will be "much better" than last year, when It earned 96 cents a share on U*****.5 million in sales, financial relations director Mr. Paul P. Renne told Reuters after an analyst meeting. The company recentlv reportedReuter - 184 words
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Article113 1977-07-05 5 Reuter TRANS WORLD AIRLINES said It sold out Its public offering of five million equity units, each consisting of one share of a series "B" preferred stock and one quarter of a share of TWA common stock, at US$2O each. The new preferred carries a dividendReuter - 113 words
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Article46 1977-07-05 5 A GENERAL MOTORS ACCEPTANCE note and debenture offering was brought forward for offering July 7 Instead of July 14 as scheduled, a Morgan Stanley and Co syndicate said. GMAC will offer US$lOO million of notes due 1985 and $200 million of debentures due 2007.46 words
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394 1977-07-05 5 NYT THE POSSIBLE purchase of a majority interest in the Bangor Punta by Canadian Pacific Investments of Montreal is under discussion, the two companies said.. There are slightly more than four million Bangor Punta shares outstanding, so a 100 per cent takeover would involveNYT - 394 words
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Article155 1977-07-05 5 Reuter MELBOURNE. Mon. ICI Australia said it will raise A 559.5 million by a two-for-flve rights Issue of $1 par shares at 50 cents premium each to shareholders registered on Aug 5. The issue will lift paid-up capital to 138.77 million shares from 99.12 million.Reuter - 155 words
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Article94 1977-07-05 5 Reuter MELBOURNE, Mon. Australian Mining and Smelting Ltd said It acquired for Just over US$lO million all the Issued shares In Pacific Smelting Co, a Callfornlan secondary zinc smelter. The average annual capacity of the plant Is about 40,000 long tons of zinc scrap feedstock whichReuter - 94 words
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Article88 1977-07-05 5 Reuter TOKYO, Mon. Bank of America's Asian regional representative, Mr. Lovis Mulkern, said the Bank has not decided yet to seek listing of Its shares in Asian stock markets other than Tokyo, where shares of Bank America Corp, its {>arent company, have been isted sinceReuter - 88 words
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684 1977-07-05 5 NYT NEW YORK, Mon. Ordinarily, a company whose shares sell at a discount from net working capital current assets minus current liabilities might be regarded as a bargain since the company presumably has substantial liquid assets behind each common share. However, this Is notNYT - 684 words
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993 1977-07-05 5 JAMES FORTH - By JAMES FORTH FT THE AUSTRALIAN petrochemical industry is ready to embark on a large-scale round of expansion the first new major Investment projects in almost a decade. Already chemical group ICI Australia has announced two new ventures a $A6O million polypropylene plant inFT - 993 words
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165 1977-07-05 5 EUROPEAN COMPANIES Reuter TOKYO, Mon. A West German-Dutch-British Joint uranium enriching venture, Urenco, has asked Japan to participate in the tripartite centrifugal separation progress Uranium enriching project, the government's science and technology agency said. A visiting sales manager of Urenco, J.V.L. Party, made theReuter - 165 words
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Article129 1977-07-05 5 Reuter PARIS, Mon. The French port services company Comex has signed a protocol agreement concerning a base for offshore oil exploration in Vietnam, Comex Services chairman Mr. Jean-Pierre Donnet said. Comex will supply technical assistance to the Vietnam state oil concern, Petrovletnam, to develop and runReuter - 129 words
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Article99 1977-07-05 5 Reuter KETTWIG, West Germany, Mon. Kraft werk Union (KWU) made Its first ever net profit last year, 41.6 million marks against a 1975 loss of 40.5 million but expects future losses, management board chairman Mr. Klaus Barthelt said. KWU, formed in 1969 and fully owned by SiemensReuter - 99 words
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Article109 1977-07-05 5 Reuter EINDHOVEN, Mon. Philips Glolelampenfabrleken and L.M. Ericsson of Stockholm will make a joint offer to the Saudi Arabian Government for an order to build a telephone network. The detailed tender Is expected to be completed by the end of September. International Telephone and Telegraph, AmericanReuter - 109 words
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Article67 1977-07-05 5 BONN, Mon. The West German Government will propose cartel law amendments at the turn of the year to try tightening controls on mergers, competition abuse and restrictive trade practices, Mr. Otto Schlecht. a state secretary at the Economics Ministry, said. The first draft by ministry experts will67 words
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422 1977-07-05 5 UK COMPANIES FT CLARKE CHAPMAN and Reyrolle Parsons, the Tyneslde mechanical and electrical engineering companies, announced plans to merge. The companies had a combined turnover last year of €366 million, with 35,000 workers. Suggestions that the two companies should merge go back back severalFT - 422 words
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Article123 1977-07-05 5 WITH ITS investment in South East Asia continuing to show increasingly excellent results, pre-tax profit of Brentnall Beard (Holdings), international insurance brokers, advanced by 57 per cent from £0.21 million to £0.33 million in the first half to March 31, 1977. In his annual report in January,123 words
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Article62 1977-07-05 5 MERCHANT bankers Morgan Grenfell said it will offer 6.6 million new ehares In London Scottish Marine Oil for sale on the London Stock Exchange at 155p per share. Morgan Grenfell has also made arrangements to offer $1.9 million existing shares at the same time. Application lists will open62 words
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Article40 1977-07-05 5 DOMINION FOUNDRIES AND STEEL said It completed a US$l5O million private placement of floating rate preferred shares. The placement was made with a number of chartered banks and other financial institutions. It said. The buyers were not identified.40 words
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Page 5 Advertisements
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Advertisement169 1977-07-05 5 1 m oc 111 now who'd want a dehumidifiert 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 refrigerated169 words
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Article2242 1977-07-05 6 1*77 Hi(k Lew C—yy UM Sale ♦erGk't 4h Dtv Gfa V Net P/K Vel C088) Day High Lmm 8ECTION ONE INDUSTRIALS 154 139 304 92* 215 101 196* 163 219 392 136 127 172 58 212 57 155 152 182 350 Ac ma Acma A Alcorn Allied2,242 words
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Article1430 1977-07-05 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." Rig Board1,430 words
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Article1536 1977-07-05 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 Alaam <1 SOB 1 848). Alii. Maid (0.0881. A. Chat (01,536 words
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Article132 1977-07-05 6 SINGAPORE UNIT TRUST INCOME BOND UNIT Obnfn' prior ferMji) (Camat p rteas) The Commerce i.aa i.7s INCOME BOND ioe 1.12 The Savinf Fund 0.99 1.00 S'pore Pros Fund S'pore Security Fund O.M O.M 1.93 1.82 O.M 1.03xd MARA BUMIPUTRA FUND lMiu|n prims far July 8) S'pore Invest Fund132 words
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Article149 1977-07-05 6 B O T 8 1/2% 1981 (100.000) (102V«B *****) B O T 7 5/8% 1984 (100.000) (98*.8 9945) Credit Lyonnais Floating 1983 (100.000) (98HB 995) DBS Converts 6 1/2% 1991 (100.000) (9848 9845) D B S 8 1/2% 1982 (100.000) (***** 101SS) EI 89% 1982 (100.000)(1034B 104 48)149 words
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Article141 1977-07-05 6 Rep Spore D Mark 7% 1982 (100.000) 1014S) Rep Spore D Mark 6 1/2% 1983 (100.000) (98*«B 9945) Rep Spore 7 3/4% 1987 (100.000) (***** 101S) C 3/4% 15/6/80 (250.000) (103.958) 6 3/4% 1/12/80 (250,000) (203.908) 5% T F 15/4/81 (250,000) (101.70B) 5 3/4% T F 15/6/81-84 250,000)141 words
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Page 6 Advertisements
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Advertisement12 1977-07-05 6 I 111 lII* f 4 PENGUN I H M PC. 1 -I12 words
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Article, Illustration590 1977-07-05 7 CERTAIN volatile issue* recorded solid gains on the Stock Exchange of Singapore yesterday. Trading on the whole remained lethargic with a mixed undertone. With institutions well out of the picture, there was hardly any investment buying, which turned trading among the higher-priced stocks erratic and dull. So590 words
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Article414 1977-07-05 7 MOST SHARES closed mixed on the Kuala Lumpur Stock Exchange yesterday. The market turned lower In the afternoon after an early round of buying failed to attract followthrough support. Towards the close, most industrial stocks edged slightly higher while the rest of the market headed lower.414 words
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825 1977-07-05 7 RICHARD PHALON - By RICHARD PHALON NYT THE men who manage the nations mutual funds tend to hunt for sales opportunity in herds. When investors were enthusiastic about high short-term Interest rates, for example, money-market funds began to crop up everywhere. Much the same pattern materializedNYT - 825 words
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Article114 1977-07-05 7 Reuter WASHINGTON, Mon. Australian Business and Consumer Affairs Minister Mr. John Howard told reporters he hopes Australia will be able to implement a Securities and Exchange Commission-type agency In his country by the end of 1978. One of the main purposes of his trip was toReuter - 114 words
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INTERNATIONAL STOCK MARKETS
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Article386 1977-07-05 7 HONGKONG: The market closed slightly lower in fairly quiet trading, dealers said on Monday. The Hang Seng index fell 2.77 points to close at 430.82. Jardine Matheson lost 20 cents to $15.20 and Whoalock Marten 2.5 cents to *2.70 while Hutchison and Swire Pacific fell five cents each to386 words
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Article471 1977-07-05 7 TOKYO: Share prices declined in quiet trading on Monday with a waiting sentiment dominating on lack of fresh stimuli, dealers said. The Dow Jones Average lost 14.63 to close at 4,977.98, with volume 160 million shares The New index was 376.01 down 0.79. Electrlcals, motors and other export-oriented Issues471 words
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Article411 1977-07-05 7 SYDNEY The market was mixed on Monday, with industrials slightly higher and minings easier in quiet trading, dealers said. The Sydney All-Ordinaries index slipped 0.15 point to close at 455.81. v Among industrials. BHP rose four cents to $6.34. the Wales two cents to $5.26 and ICI three cents411 words
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Article110 1977-07-05 7 JULY M Bahts Asia Fibre 189 ♦3 Rmgkok Bank 327 >2 Ringkok Invest. 203 Bangkok-Metro-politan Bank Rita 577 ♦2 RerliJueker 316 •fit Charoong Thai Wire 172 •1 Dumex DusitThanl Faber Merlin First Trust Indo-Thal Industrial Finance Corp 1105 J And J Ho 232 ♦S Jalaprathan unch Cement 113 Karnasuta110 words
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985 1977-07-05 7 NEW YORK. Mon. Back in January 1970 Suffolk County sold an issue of sewer bonds, and was forced to accept a sky-high Interest cost of 9.77 per cent. Last Thursday the Long Island county was back in the bond market In more pleasant surroundings,985 words
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1188 1977-07-05 7 EDEN R. LIPSON - By EDEN R. LIPSON NYT WHEN Henry A. Kissinger was calculating how to turn his years In Washington Into a commercial success after leaving the government, his friends, Robert Evans, the film producer, and Barry Diller, chairman of Paramount Pictures, advised him to hireNYT - 1,188 words
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Advertisement36 1977-07-05 7 s A 33 ILL «L XL ST fj I I b_i I H I •;i I *u.r aT*" U-H M* wQ H 1 L 2 u "*7 *t? V 7 1 fi V f\ v i36 words
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COMMODITY REPORTS AND PRICES
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Article374 1977-07-05 8 IN the Singapore rubber market yesterday, opening Suotatlons were marked own 1.25 cents following lower London advices and prices fell a further half cent to trade at 187.00 cents for July, but at mid-session prices recovered slowly on short-covering and some forward buying, dealers said.374 words
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Article30 1977-07-05 8 Rubber: July 4 Singapore: July 187.25 eta (down 1.25 eta.) Malaysia: Julv 189.25 eta (down 0.75 ci;' Tin: 91,448 (down |3) Official offering: 176 tonnea (down 20 tonnes)30 words
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Article289 1977-07-05 8 Noon Clow (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.8.8. prompt fob. 187.29 188.25N 187.00 188.00N Int. 1 R.S.8. July 187.50 188.00 187.29 187.79 Int. 1 R.S.8. August 190.00 190.90 188.79 180J9 Int. 2 R.8.S. 186.79 187.79N 188.90 187.SON UK/Cont. 189.79 186.7SN 188.90 188 JON289 words
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Article82 1977-07-05 8 Jul* iwtMU) Aa ■n* R.A.8. <Ca (FarwaHMtk) (MUparkc) (e—U P»k*> SSR20 (1 ton Pallet) 190 00 192.OON 191.00 193.00N SSR50 (1 -ton Pallet) 188.00 190.OON 189.00 191 .OON MR.E.L.B 5CV (1 ton Pallet) 214.00 218.00N 214.00 216.00N SMR5L (1 -ton Pallet) 211.90 213.90N 211.90 213.9891 SMR5 (182 words
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Article210 1977-07-05 8 BANGKOK, Mon. Indicative prices quoted here were: White Rice: 100 per cent let class 300 100 per cent 2nd due 2M 100 per cent 3rd class Ml 5 per cent 272 10 per cent 247 IS per cent 244 20 per cent 241 25 per cent 232 35 per210 words
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Article74 1977-07-05 8 LONDON Mon. Sugar futures were down at the opening call by £1.00 (near August at £115.05), to £2.10 per tonne and continued to ease. Dealers said the downtrend reflected prevailing bear sentiment. The London dally whites price was unchanged at £120. Sugar futures closed the morning easier at contract74 words
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Article343 1977-07-05 8 COFFEE shops may soon have to consider lowering their prices for the beverage if the decline in the commodity's price continues. Since the price was raised from 25 cents to 30 cents per cup of coffee without milk (kopl-o) the coffee bean price has come down a long343 words
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Article147 1977-07-05 8 LONDON, Mon. Futures initially opened around £45 lower but quickly recovered on commission house buy--ing, particularly from one quarter, which sparked off additional local dealer support to make for a slightly steadier end opening session close. Prices were unchanged, as in November at £2,267 to 130 up on Friday's147 words
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Article139 1977-07-05 8 LONDON, Mon. Early £40 limit losses In near September at £2,802 traded and offered were extended at the obligatory special call but prices rallied on Jobber covering to close the call down from Friday by mostly £11.50. March at £2352.50 to £30 per tonne. But the unrestricted spot July139 words
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Article296 1977-07-05 8 HONGKONG, Mon. The market closed sharply higher after opening with October quoted limit up, In reaction to last Thursday night's smaller than expected USDA report on US cotton acreages for the new 1977 season, dealers said. Trading was more active by end session on overseas buying, with gains296 words
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Article148 1977-07-05 8 LONDON, Mon. Copper wire bars finished the morning with losses of £5.00 for cash and £8.50 for Three Months. Values declined sharply on the pre-market under tired long liquidation prompted by news that U8 copper unions have unanimously approved a basic labour agreement reached by negotiating teams at Kennecott148 words
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Article62 1977-07-05 8 LONDON, Mon. Zinc in the morning fell by £3 per tonne all round, after picking up from a low of £314 for Three Months on the premarket to reach £316. iTien profit-taking and hedge selling developed in the ring and pared the position to C 312. The stocks decline62 words
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Article165 1977-07-05 8 QUIET and featureless conditions prevailed In Singapore gold market yesterday. The kllobar was traded in the range of 8111,264 to 8111,289. In the loco London market, the metal opened at U*****.40/60 and traded down to 141.20/40, before finding some support to close at U*****.45/65. The London mo*-nlng fix was165 words
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Article131 1977-07-05 8 THE Straits tin price In Penang yesterday was down $3 to $1,448 on an official offering down 20 tonnes to 176 tonnes. In LONDON yesterday, tin closed the morning £22 down In both contracts. Values were marked down Initially In the pre-market. reflecting the decline at Penang,131 words
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Article91 1977-07-05 8 LONDON, Mon. Silver lost 0.8 to 0.8 pence per troy ounce in the morning. Values were marked lower in the pre-market following Friday's New York decline and the fall In gold this morning, dealers said. Prices steadied partially in the ring, however, reflecting the trend In most other base91 words
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Article73 1977-07-05 8 LONDON, Mon. Lead in the morning eased by £1.75 for cash and £3.00 for Three Months. This reflected the trends In copper. Pre-market trading was reported down to £312 for Three Months before shortcovering and profit-taking purchases mostly erased losses in the ring where up to £320 was paid.73 words
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Article433 1977-07-05 8 KUALA LUMPUR. Mon. Sarawak pepper exports shot up 66.3 per cent in value terms during the first quarter of this year, reaching M 529.1 million against 117.51 million In the previous quarter. Export volume rose Just 11.1 per cent to 5,725 tonnes compared with 5,149 tonnes433 words
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Article147 1977-07-05 8 Reuter BANGKOK, Hon. Thailand has agreed to sell Malaysia 125,000 tonnes of rice on a government-to-fovernment basis for July/December shipment, Commerce Ministry sources said. The rice comprises 100,000 tonnes 10 per cent white rice, 15,000 tonnes 100 per cent White Rice 888 grade and 10,000Reuter - 147 words
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1063 1977-07-05 8 NYT AFP NEW YORK, Mon. On Feb 15. 1949, six administrations and nearly three decades ago, the price of wheat was US$l.9O a bushel. Last month, In Goodwin, Kansas, wheat rell to $1.64 a bushel. Given inflation, that's only about half what wheat wasNYT; AFP - 1,063 words
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MONEY AND EXCHANGES
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Article615 1977-07-05 8 THE US dollar took a sharp beating against the Japanese yen in the Singapore foreign exchange market yesterday. From an opening of 266.78/85 yen, the dollar fell rapidly to 266.50/60 during Initial trading following heavy speculative selling of the dollar in Tokyo, Hongkong and here. Towards Tokyo's close, the615 words
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Article139 1977-07-05 8 Asian rates ASIAN currency deposit Interbank 1 3 a July 4' U8 Dal Hen (SpM) BM 7 day* 5 9/16 91/2 1 mth ...IM 51/2 S DlttU 5V4 SSI Smthi 57/t 5 3/4 8 mth* ...•J/16 1/1« mth» ...6V16 6 3/16 12 mlhi .67/16 6 5/16 Mm. FN. Dm. 1139 words
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Article44 1977-07-05 8 RANGE of prtcw ofterai houw* on July 4, irvernicht M Call deposit M 1 h» ritacount 3-Month Treaaury 3-Month 1 1 21k Banks bU Is 4ft 4 3-Month CD 4W •-Month CD 4 VI 4 vie 4 7/ie Source: National Discount Co. Ltd.44 words
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Article79 1977-07-05 8 Euro rates LONDON, Mon. Eurodollar deposit rates opened little changed with trading very quiet because of the holiday In the US today and following the holiday In Canada last Friday, dealers said. Dav to day rates showed little movement In quiet trading. US doUara: Tues/Wed 5 t/16 9 7/10 B*«an79 words
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Article300 1977-07-05 8 LONDON, Mon. The dollar weakened sharply in a thin market here, reflecting an early wave of selling in Europe, dealers said. The weakening stemmed from market anticipation or a stronger yen and a harder trend in major European currencies, following the recent OECD communique that strong payments surplus countries300 words
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Article181 1977-07-05 8 TOKYO. Mon. The yen firmed on sustained demand reflecting the high level of Japan's exports, dealers said. The dollar for overnight delivery closed at 266.65 yen compared with 266.70 at the opening and 267.05 at Friday's close. Combined spot trading volume was $206 million. Import settlement needs early this181 words
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Article73 1977-07-05 8 HONG KONG, Mon. The US dollar fell sharply against the Hongkong dollar, closing at HK54.6615/35 from last Thursday's 4.6780/ 6800, on some dollar selling and new month position taking, dealers said. The US unit also eased against the mark, ending at around 2.3350/57 from Friday's 2.3392 midpoint equivalent close73 words
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Article55 1977-07-05 8 AUSTRALIA/ NZ exchanges on July 4 Au*tralla Sterling 0.6577/ 0 MM US dollar 1.11SB/ 1.1140 Ninety-day air mall buying rates Sterling 0.0711 US doUara 1.1442 Ninety-day forward buying rate*: Sterling 0.6515 US dollar* 1.1073 New Zealand: Sterling 0 5633/ 0 5002 US dollar 0 9734/ 0.0634 Ninety-day forward rate:55 words
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Article41 1977-07-05 8 FRANKFURT exchanges opening quotes on July 4 US 2.3390/46 Can 2 1990/3010 UK 4 012/022 Ncth M «vu SwlU 95 07/12 Italy 2 036/044 Pranec 47.40/50 Nnrw 43 86/94 Be If com 6.47/46 Bel* fin 6 47/50 Japan 0 8762/7241 words
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Article317 1977-07-05 8 LONDON, Mon. Straight dollar Eurobonds were up to ta point firmer where changed in relatively active trading with more interest being shown in long term issues. dealers said. Convertibles were basically steady in quiet trading. LONDON Eurobond prices on July Straight* BM Offer Austria 8*. 90 1014 1024317 words
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Advertisement198 1977-07-05 8 i I ASM RESEARCH BULLETIN MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE a S, s This unique publication off or* 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 and198 words
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TRANSPORT AND COMMUNICATIONS
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Article1233 1977-07-05 9 MICHAEL GREY - LAW OF THE SEA CONFERENCE The ship is the universal hostage in any dispute between nations. If coastal states are reasonable, ships' captains and owners can set on with their business. But there is a spread of unreasonableness among such states, and the present Conference onFT - 1,233 words
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Article, Illustration397 1977-07-05 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Accorn (6ZIN) (1200 22 Cherry Vilja (B. Barge) (1000 tbc after Tosel Maru) 48 Golden Hill (0930) (Tide) 25 Golden Source (1500) 24 Jaladhamya (after Hosel Maru) 3/4 Kimanis (1100 20 East Kyoten Maru (1500) (Class I on Board) 47 Marigo R. (SYLF)(397 words
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145 1977-07-05 9 Reuter LONDON, Mon. About 6 per cent of world merchant shipping is laid up through lack of work compared to 9 per cent a year ago, the General Council of British Shipping said today. Two years ago the world total of laid-up tonnageReuter - 145 words
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552 1977-07-05 9 UPI DETROIT, Mon. For one brief month in 1959, the French had the top-selling Imported car In the United States. Now, after nearly two decades, French car makers are trying to regain some of their lost glory. Peugeot, the oldest carUPI - 552 words
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186 1977-07-05 9 JOHORE BARU, Mon. Malaysia's first container ship, the "Bunga Teratal" is expected to sail out of a drydock In Paslr Gudang In a week's time. Work to convert the vessel belonging to the Malaysian International Shipping Corporation (MISC) to a container ship started186 words
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Article220 1977-07-05 9 JUMBO Line, a Joint operation comprising AustraliaWest Pacific Line, Malaysian International Shipping Corporation and Southern Shipping Lines, covers a large number of ports In South-east Asia, the Far East and Australia. Jumbo Line offers a complete and comprehensive cellular container service and has facilities to cater for all220 words
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Article35 1977-07-05 9 Reuter MEXICO CITY, Mon. About 7,000 workers of the Volkswagen carmanufacturing plant In Puebla, ended their pay strike after management offered them a 12 per cent increase In salaries. Labour Ministry officials said.Reuter - 35 words
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312 1977-07-05 9 Reuter MELBOURNE, Mon. Melbourne docks were at a standstill today as 2,800 waterside workers met to protest against alleged police brutality In breaking up a weekend an tl-uranium demonstration. The violent demonstration on Saturday Involving nearly 200 protestors led to a loading ban onReuter - 312 words
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Article558 1977-07-05 9 ARRIVALS OVflO Operator Nuba Lm r Tta •1 M Fm CAL TMA CI3S1 TL303B 0040 0215 TPE/HKG/KUL BEY/DXB/ BOM/KUL MAS CAL OIA MHM2 CI 806 OA90O 0610 1000 1030 KCH HLP HLP SIA OIA SIA RBA SIA SQ211 OA906 SQ240 BI325 SQ240 1045 1100 1140 1155 1210558 words
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Article76 1977-07-05 9 Reuter SAN FRANCISCO, Mon. Itel Corp said its data products group and Hitachi Ltd jointly developed large computer systems with outstandlng price performance. Itel said under the agreement it will market and maintain the systems in the US, Canada, Western Europe, South America and Australia. First installationReuter - 76 words
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Advertisement24 1977-07-05 9 RENTOKIL guards your property against TERMITES, COCKROACHES, RODENTS, ANTS, MOSQUITOES OTHER PESTS for INSPECTION, ADVICE, TREATMENT, TteL' *****5 RENTOKIL *Vl* V/iV/tiV/tl SINGAPORE PTE. LTD.24 words
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Advertisement182 1977-07-05 9 SEE PAGE 10 I i Within a short period of six years, The Open University, a unique experiment in higher education, has become an established part of the educational scene. It is now recognised all over the world as one of the most important educational and social developments of this182 words
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Article, Illustration1054 1977-07-05 10 THOMAS MULLANEY - By THOMAS MULLANEY NYT NOBODY is willing to admit It publicly, but a major dispute seems to have developed within the Carter Administration over the seriousness of the nation's huge foreign trade deficit. The closest that one top government official came to acknowledging ItNYT - 1,054 words
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Article1115 1977-07-05 10 NORRIS WILLET - Faced with a new Swiss phenomenon, the budget deficit, the Berne government presented to the people a financial package proposal featuring a Value Added Tax to bridge the gapfrom one end by boosting revenue. The Swiss apparently felt it is not revenue that needs increasing but spendingFT - 1,115 words
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Article, Illustration1045 1977-07-05 10 LEN STONE - Turkish Cyprus The Turkish part of Cyprus is enjoying s tourist boom of ft sort mostly of Turks from the mainland. But their presence is not solving some scute economic problems, and the discontent ■miwig iiig compatriots bodes ill for President Rauf Denktash. By LEN STONEFT - 1,045 words
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Article, Illustration1016 1977-07-05 10 BRIAN WILLIAMS - By BRIAN WILLIAMS Reuter JABIRU, (Northern Territory, Australia): Under this prehistoric landscape lie flecks of yellow metal which can produce power for homes and Industries or destroy them. Now man Is moving Into this land of crocodiles, wallabies, snakes and great floods to begin gouging from the earthReuter - 1,016 words
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Advertisement226 1977-07-05 10 t 4 r f $37/THEHAMLYN PICTORIAL ATLAS OF THE WORLD A rnucit tn >1 fici comprehensive ,111 cv m.• ecome indispensable both to student of geography arid to general reader who want to understand the ne.economic and political shape of the world. Here tor the fust time, a conise fascinating226 words
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941 1977-07-05 11 AFP HONGKONG, Mon. A peculiar combination of historical circumstances has put China in the position where It Is now profltable for the Chinese Government to buy back portions of the British colony which it officially claims to own already. But farAFP - 941 words
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228 1977-07-05 11 Reuter HONGKONG Mon. Gross industrial output in Tientsin, a major industrial city in north China, increased by 10.3 per cent in May over the previous month, the New China News Agency monitored here said. By the end of May, the Takang oilfield, one of China'sReuter - 228 words
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Article359 1977-07-05 11 AP KUSHIRO (Japan), Mon. Docks and factories bustle as usual In this northern fishing capital of Japan, but the city's 210,000 residents are fearful for the lndustry's future three months after Russia imposed a 320-km fishery zone. The mayor warns of a "catastrophic Impact" whileAP - 359 words
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Article146 1977-07-05 11 Reuter LONDON, Mon China's communist leader, Chairman Hua Kuo-feng "has quietly let the British know that he is happy with the status quo In Hongkong and also despatched messengers to reassure the wealthy Chinese In the colony of the continuing security of investment In realReuter - 146 words
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147 1977-07-05 11 Reuter TOKYO, Mon. The Finance Ministry said Japanese issuers of external bonds may convert their dollar proceeds Into yen at their discretion. Instead of Immediately converting them as in the past. The measure Is already in force since restrictions on foreign currencies held by JapaneseReuter - 147 words
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Article62 1977-07-05 11 AFP BANGKOK. Mon. Thailand exported 18.742.96 million baht (Ss2 3 billion) worth of goods during the first quarter this year, the Customs Department reported. Tapioca pellet topped the export list with 2,442.75 million baht worth of pellets exported. Rubber was recorded as the second most valuable export itemAFP - 62 words
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Article104 1977-07-05 11 AFP KUALA LUMPUR, Mon. Malaysia has plans to send a trade mission to Hungary to explore trade possibilities between the two countries. This was disclosed by Foreign Minister Tengku Ahmad Rithauddeen after receiving the Hungarian Secretary of State of Foreign Affairs, Mr. Pal Racz. atAFP - 104 words
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Article40 1977-07-05 11 Reuter MELBOURNE, Mon. The Australia and New Zealand Banking Group said Its Index of Australian factory production Including power fell to 183 (base 1963/64) in April from a revised 164 In March on a seasonally corrected basis. Reuter.Reuter - 40 words
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Advertisement153 1977-07-05 11 CORPORATE ANNOUNCEMENTS CARRY MORE WEIGHT IN BUSINESS TIMES U mjggsS <§& CYat < CMRUtf UNITED lOTrjoSrm —k iw Hm M«* I *77 w 4 SOUTH PAC "TC TEXTILE INDUSTRIES BEN HAD AND ITS subbumabies 11**1 S. lIM4M TM «S?-N. a um.ni /J ¥<#< ;v V\ \X x A i?e\ S&Y/153 words
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649 1977-07-05 12 THE 201 st anniversary celebrations of the United States this week also mark 143 years of economic ties between America and Singapore. The US economic presence here started In 1834 when "Yankee" businessman, Mr. Joseph Balestler, settled on the Island649 words
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Article116 1977-07-05 12 Reuter KUALA LUMPUR, Mon. Petronas chairman Tan Sri Kadlr Shamsuddln said work on the M 52.6 billion liquefied natural gas plant in Blntulu, East Malaysia, will start as soon as agreement on the management of the project is reached, the Malaysian national news agency, Bernama, reported. AgreementReuter - 116 words
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Article183 1977-07-05 12 AP LONDON, Mon. Britain's official reserves soared In June to a record U5511,572 million (5528,467 million), the Treasury said today. During June, the reserves increased by $1,671 million, of which $750 million represented a new loan raised by the British National Oil Corporation from a consortium ofAP - 183 words
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306 1977-07-05 12 Reuter KUALA LUMPUR, Mon. Deputy Prime Minister Dr. Mahathir Mohamed said here today that Malaysia would like to see Australia work out its policy to correct the balance of trade between the two countries which was now in Australia's favour. Dr. Mahathir toldReuter - 306 words
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223 1977-07-05 12 Reuter BANGKOK, Mon. President Suharto of Indonesia arrived here today for talks with Thai Premier Thanin Kralvlehlen during a 25-hour unofficial visit. He was welcomed at Don Muang airport by Mr. Thanin and former Premier Sanya Dharmasakdl, chairman of the Privy Council,Reuter - 223 words
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219 1977-07-05 12 Reuter HONGKONG, Mon. Australia's chief negotiator in talks with Japanese sugar refineries today made a strong call for Japanese government intervention In the negotiations. Mr. John Laurie, of CSR Ltd,, Australia's sugar marketing agent, said that unless the Japanese government becomesReuter - 219 words
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Article735 1977-07-05 12 LONDON, Mon. The stock market rallied in afternoon trading on news of the rise In the UK official reserves during June, dealers said. Leading Industrials came off the bottom with falls of several pence being reduced or erased, and a few shares edged slightly higher on balance. At735 words
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Article, Illustration288 1977-07-05 12 THE DEVELOPMENT Bask of Singapore hopes that iU $22.3 million shopping, recreational, and residential complex Thomson Plaza will set a now standard for shopping complexes in Singapore. Mr. 8. Dhannbalan executive vice-president of DBS, indicated this rooterday at the signing ceremony for288 words
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157 1977-07-05 12 THE High Court yesterday dismissed with costs a $1.24 million civil claim by Mr. TJlo Teat Soe against the estate of the late Singapore tycoon, Mr. Koh Teck kin. The defendants were Madam Chang Jlh Hao, widow of the tycoon, and her brother-in-law, Mr.157 words
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Article46 1977-07-05 12 FAIRCHILD Singapore, an American electronics component manufacturer, Is Investing over $1 million to build a tin-plating workshop next to Its existing plant in Toa Payoh. This Is to meet the growing demand for tin-plating facilities following Its decision to produce more Integrated circuits here.46 words
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Article357 1977-07-05 12 IN THE FIRST five months of this year, 6,735 more workers in Singapore Joined the ranks of the National Trade Union Congress (NTUC). This brought total membership In the NTUC to 217,965 at the end of May, or about 44 per cent of a357 words
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Article162 1977-07-05 12 THE proposed Singapore Labour Foundation (SLF), set up to' promote the welfare of trade union members and their families In Singapore, will be run by a board of seven directors. Three directors will be appointed by the Labour Minister, on the advice of the National162 words
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Article356 1977-07-05 12 IN LATE April two of the world's leading clove producers, Malagasy and Zanzibar began cartellslng on cloves and they have to date enjoyed tremendous success. Since then, their export price for the commodity has shot up from U554,700 ($11,500) per tonne to an all-time high356 words
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Article336 1977-07-05 12 UPI LONDON, Mon. A roundup of oil consumption figures for 1976 from all non-communists areas bears witness to the strong recovery In the Inland trade of Industrialised and developing nations alike, figures In the latest Petroleum Economist magaxlne showed today. Excluding bunker sales, which remain sluggish, effectiveUPI - 336 words
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225 1977-07-05 12 KUALA LUMPUR, Mod. Pern a* Trading, a whollyowned subsidiary of Pernas, made a pre-tax profit of M 51.48 million for the last financial year. Profit for the Pernas Trading group, including its four subsidiaries, amounted to $1.9 million. Pernas group chairman, Tunhu Da to225 words
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Article86 1977-07-05 12 CANBERRA. Mon. Australian manufacturers' output fell In the quarter to end-March and Is expected to remain stagnant In the six months to end-Septem-ber, according to the Industry and Commerce Department's March quarterly survey of Australian Industry. The manufacturers expect to operate at the same 78 per cent of86 words
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Article390 1977-07-05 12 THE Far Eastern Freight Conference (FEFC) has offered the Rubber Association of Singapore (RAS) an agreement similar to the separate merchants' agreement that it has Just concluded with Malaysia, for the carriage of rubber from Singapore to Europe. The RAS can, alternatively, choose to390 words
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214 1977-07-05 12 Reuter TOKYO, Mon. Japan's export letters'of credit received in June rose 13.5 per cent to US$4.Bl billion (Ssll.B billion) from $4.24 billion in June last year, the Finance Ministry announced. The year-on-year growth rate was higher than the 12.2 per cent recorded in May.Reuter - 214 words
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Article98 1977-07-05 12 POLLING day for the Bukit Merah constituency byelection will be on Saturday. July 23 while nomination day will be July 13. This was announced by the Government yesterday. The seat for that constituency became vacant on July 1 when the former Member of Parliament, Mr. Lim98 words
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Article47 1977-07-05 12 A DELEGATION from the Finance House Association of Singapore left yesterday on a goodwill and study tour of China. Led by the chairman, Mr. Sla Yong of Sim Lim Finance, the nine-man delegation is expected to spend three weeks examining business possibilities there.47 words
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Advertisement47 1977-07-05 12 Taste the difference in TSENGTAO BEER! Tsingtao beer is distilled from the singta< sparking mineral waters of Mount Laoshan in China. There's abundantgoodness bottled up in Tsingtao... The goodness of the finest barley and hops and mineral waters. Come, taste the difference in Tsingtao beer. A I47 words
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