The Business Times, 23 July 1977
1977-07-23
1
12
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section10 1977-07-23 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, JULY 23, 1977 50 CENTS10 words
-
NEWS IN BRIEF
-
Article66 1977-07-23 1 CANBERRA, Frl. Deputy Prime Minister and Minister for Overseas Trade, Mr. Doug Anthony, said today, a collapse of the negotiations for a long-term sugar contract with Japan could "prejudice the overai! commerlcal and economic relationship between Australia and Japan." In a speech to the National Party of Queensland,66 words
-
Article42 1977-07-23 1 TOKYO, Frl. A group of about 10 Japanese commercial banks, led by the Bank of Tokyo, will shortly extend a first bank loan amounting to US$3O million (5173.8 million) to the Vietnamese foreign exchange bank, banking sources reported today.42 words
-
Article57 1977-07-23 1 AFP KUALA LUMPUR, Frl. About 5,000 tonnes of tin ore worth Msllo million to $120 million are being smuggled out of Malaysia each year, Deputy Minister of Primary Industries Lew Sip Hon told Parliament today. He said the tin smuggling had deprived the country of between $30AFP - 57 words
-
Article66 1977-07-23 1 Reuter PEKING, Frl. China tonight officially announced that the purged moderate leader, Teng Hsiao-ping, had been returned to power and his radical opponents, the so-called "gang of four", expelled from the Communist Party. The decisions were taken by a plenum of the 10th Central Committee which alsoReuter - 66 words
-
Article77 1977-07-23 1 Reuter MANILA, Fri. Philippines Foreign Secretary, Carlos P. Romulo, said today that Japan could be pressured into assuming a greater military role although it was now thought of almost exclusively in an economic or trade context. Addressing a gathering of Philippines Ambassadors, Mr. Romulo said: "InReuter - 77 words
-
Article64 1977-07-23 1 Reuter MANILA, Fri. Atlantic Gulf and Pacific Company here has completed and shipped to Malaysia a six-piece equipment assembly for an offshore oil-producing well. Officials told the government's Board of Investments yesterday the equipment, worth about US$4.5 million (SSII.I million), consisted of five major production and well-head modules,Reuter - 64 words
-
Article80 1977-07-23 1 UPI NEW YORK, Fri. Prices moved upwards this morning in moderate trading of New York Stock Exchange issues. The Dow Jones industrial average, which gained 1.30 points yesterday, was ahead 1.30 to 923.08 shortly before the first hour of trading. The Dow gained 18.76 points in the previousUPI - 80 words
-
-
Chief Price Changes
-
Article, Illustration180 1977-07-23 1 STOCKS RETREATED on light profit-taking across a broad front on the Stock Exchange of Singapore yesterday. Except for one or two firm spots, most shares finished lower and losses outnumbered gains for the second successive day. At the close, the Business Times index fell 9.25 points to180 words
-
Article102 1977-07-23 1 Falls Most active Lien Hoe 2.10 Sanyo 1.97 U.O.B. 3.16 Slme Darby 3.50 M.A.A. 6.80 P. Bank 2.80 C.Prop 1.26 Olympla 1.45 M. Flour 2.92 B. Raya 1.60 Rites Sentosa 1.35 Int. Wood 1.47 New Sdah 2.80 Mega 0.76 -IB -.13 -.12 -.10 -.10 -.09 -.08 -.08102 words
-
-
Article1182 1977-07-23 1 JOHN TAN - DR LEE OFF THE MARK By JOHN TAN INDUSTRIALISTS and businessmen In Singapore have dismissed as unfounded comments made at hustings by the opposition candidate In the Buklt Merah by-election who said that Singapore's Industries are merely assembly-type operations. Dr. Lee Slew Choh's remarks1,182 words
-
Article127 1977-07-23 1 UPI LONDON. Frt. Wealthy Conservative Party Member of Parliament John Cordle broke down In tears and told the House of Commons today he will resign following accusations by an AllParty Committee that he abused his position In business dealings with a jailed architect. Cordle, 64, told theUPI - 127 words
-
387 1977-07-23 1 Reuter MANILA, Frl. The widening Imbalance between westbound and eastbound traffic was having adverse effects on the cost structure of the Far East Freight Conference, its chairman, Mr. M.F. Van Lennep, said In Its annual report Issued here today. He also expressed concern thatReuter - 387 words
-
Article240 1977-07-23 1 THE civil air services agreement talks between the governments of Singapore and the US has been postponed to Sept 19. It was originally scheduled for Aug 1 m Washington, D.C. The venue remains unchanged. A US embassy spokesman said yesterday that the US had asked for the240 words
-
216 1977-07-23 1 Reuter BANGKOK, Prl. The Foreign Trade Department said It doubled the quantities of rice that exporters must sell to the government stockpile In a bid to Sirevent a shortage of rice or domestic consumption. Exporters of 100 per cent and rive per cent white riceReuter - 216 words
-
Article63 1977-07-23 1 UPI TOKYO, Frl. Two Japanese firms will take pah in a joint venture to produce small-slsed industrial engines in Indonesia, the companies reported Mitsubishi Heavy Industries Ltd. and Sumitomo Shojl (Trading) Co. Indonesian partner will be P T. Rutan Machinery Trade Co. The venture will initially produceUPI - 63 words
-
Article115 1977-07-23 1 AP KATMANDU (Nepal). Frl. Visiting Japanese Foreign Minister lichlro Ha to ya ma said today that Japan will not join Asean although Tokyo Is close to the five Asean countries. Mr. Hatoyama said Japanese Prime Minister Takeo Fukuda Is-going to Kuala Lumpur early next monthAP - 115 words
-
157 1977-07-23 1 THE Singapore dollar mad* a spectacular rise against the US curreacy la the foreign exchange market hare yesterday and hit the 552.44 level, the highest since July 1*75. Most dealers were unable te account far the rise but felt that k reflected action157 words
-
Article116 1977-07-23 1 JUDGEMENT for Richard T&rllng's application for a writ of habeas corpus to squash an extradition orde* against him will be handed down on July 28 In the divisional court In London. Legal sources say the Judgement, to be delivered by Lord Justice Shaw, would be "considerably116 words
-
631 1977-07-23 1 LOCAL shipowners yesterday were severely chastised for their lack of progressiveness by the managing director of Singapore's national line, Mr. Goh Chok "With regional development and natural aspirations of countries to beef up their own indigenous fleet," he said, "It Is631 words
-
Page 1 Advertisements
-
Advertisement49 1977-07-23 1 —I T J CeytotiJeweUers 16 tmwtard Ad.. Bnmnw t. Tal: S33OQ«/33M»7. Market Reviews/TV A Overseas Stock* P7 Radio p 2 Commodities P8 Oversea! Newa P 3 Transport A Co*Local Co Newa P 4 menicatioM Pt International Co Newa Feature Pit P5 Local Overseas Local Stocks PC News PH. 1249 words
-
Advertisement96 1977-07-23 1 Braun Synchron Plus Braun's Syn»hron Plus. For the man who must have a closer, smoother, faster shave than any other shaving system can give. The exclusive features of this shaver include: > Tissue-thin super-flexible electro-formad nickel foil. Has unique pattern of cutting holes and slots. Platinum-coated to give you a96 words
-
Advertisement387 1977-07-23 1 THE euciwF mrcH +^@[_+**/^;],+?"!!>_?"-%\:&.:*` SEE BACK PAGE Maker of theWxWs first calculator watch This fantastic Pulsar heralds a whole new generation of Time Computers it puts a highly sophisticated calculator on your wrist as well. The Time Computer goes on* working accurately without being affected in any way while you're387 words
-
-
MARKET REVIEWS
-
878 1977-07-23 2 SINGAPORE MARKET sentiment swung from a bullish note to one of profit-taking towards the close of trading on the Stock Exchange of Singapore this week. Strong buying support, for example, In the first two days pushed the Business Times Index put the 390878 words
-
459 1977-07-23 2 IVAN FALLON - LONDON By IVAN FALLON THE London stock market this week has had to absorb the full impact of the official end of the governments pay policy and yet another mini-budget from Chancellor Denis Healey. It has also had a gloomy report from459 words
-
Article498 1977-07-23 2 Reutar BROKERS found little joy in what was generally conceded to be a dull week on the Sydney Stock Exchange, not withstanding the final results of Australia's bluest company, the Broken Hill Proprietary, which came out yesterday and the annual CBR meeting on Wedneeday. Without doubt, the most eagerlyReutar - 498 words
-
329 1977-07-23 2 MALAYSIAN plantations shares are finding favour In London which is looking enviously at the amazing performance of the Stock Exchange of Singapore In recent months. This week brokers Montagu Loebl Stanley are recommending them and are also suggesting purchases of the tin companies.329 words
-
318 1977-07-23 2 ONE OF the longest running battle In British Industry moved towards Its climax this week as the Government, in the form of Energy Secretary, Tony Benn, announced that It had placed the orders for the £000 million (812.538 million) power station to318 words
-
Article527 1977-07-23 2 KUALA LUMPUR BY AND LARGE, this week l saw most shares on the Kuala Lumpur Stock Exchange making good gains again though towards the close an easier undertone was noted. The week opened on a firm note with the Malaysian Baslness Times Index recording527 words
-
247 1977-07-23 2 Reuter PARIS. Frl. The convertible currency component of French monetary reserves fell to 20.51 billion francs (5510.4 billion) from 22.40 billion in the week ended July 13, the Bank of France said. This represented the withdrawal of US$5OO million (*****5 million), equivalent to 2,466.5Reuter - 247 words
-
Article43 1977-07-23 2 AP ROME. Frl. Saudi Arabia has ratified its contribution of US$lO5 million (***** million) to the billion dollar International Fund for Agricultural Development, giving momentum to the drive to put the programme into operation, a spokesman said today. AP.AP - 43 words
-
220 1977-07-23 2 THIS week the London stock market Is being rocked by its most serious probe for many years Into the question of share price rigging. The Stock Exchange formally admitted that it had set up a special committee of Inquiry into certain dealings In shares220 words
-
206 1977-07-23 2 RONALD LAM - Ofcl(bf RONALD LAM SCRIP ISSUES Keppel Shipyard: One-for-one, capitalising SS3O million. OTHER ANNOUNCEMENTS Faber Merlin Malaysia's wholly-owned subsidiary, Faber Union, Is to sell Its 9,642,800 shares or 25.11 per cent of Pahang Consolidated equity for a total cash consideration of Ktt14,484,200 or206 words
-
324 1977-07-23 2 Reuter NEW YORK, Frl. Bond market traders received some relief from a Federal Reserve Bank report of a US$l.7 billion (554.18 Jt>llllon) fall In narrowly defined money supply In the week ended July 13. Dealers were concerned during recent trading sessions that the current week'sReuter - 324 words
-
Article43 1977-07-23 2 Reuter TOKYO. Fri. The Bank of Japan said It bought national bonds and govern-ment-guaranteed bonds held by Japanese commercial banks and worth about 300 billion yen to ease a fund shortage on the domestic capital market stemming from seasonal factors. Reuter.Reuter - 43 words
-
Article23 1977-07-23 2 Renter TOKYO. Fri. Japanese short-term money houses said they will raise call money rates by 0.125 per cent from July 23.-neuterRenter - 23 words
-
-
Page 2 Advertisements
-
Advertisement341 1977-07-23 2 THE SINGAPORE,FEDERATION OF CHAMBERS OF COMMERCE AND INDUSTRY I 1 j I -i ;M Applications are invited for the full time post of chief executive of the proposed Singapore Federation of Chambers of Commerce and Industry (SFCCI). The membership of the present Joint Standing Committee of Commerce and Industry (JSCCI)341 words
-
-
Page 2 Miscellaneous
-
Miscellaneous42 1977-07-23 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on July 22 at Singapore airport. Maximum Temperature Associated Humidity Minimum Temperature Associated Humidity Hours of Sunshine w«mf«11 in Millimetres Total for the t Month Total Rainy Days for the Month42 words
-
Miscellaneous331 1977-07-23 2 RADIO TV SINGAPORE 5 1.00 PM Opening announcements followed by Sesame Street* 2.00 Pre-Examination programme Antony and Cleopatra* Pt. 1 3.20 What's My Line 3.40 Soccer Sultan's Gold Cup (Preliminary Round) Singapore Malays vs Johore Malays (Malay)* 4.40 Sandiwara (Repeat) A Malay drama entitled "Hanya Satu Jala* Kesyurga" 5.30 Debate331 words
-
-
582 1977-07-23 3 Reuter WASHINGTON, Frl. The US economy grew at a rapid rate In the second quarter of the year, but the pace slowed somewhat compared with the unexpectedly strong first quarter, the government reported yesterday. The Commerce Department said the gross national product, theReuter - 582 words
-
308 1977-07-23 3 UPI Reuter WASHINGTON. Fri. President Carter expressed "sharp disappointment" yesterday over the decision by the US Steel Corp,America's largest steel producer, to raise prices on some products this autumn. Mr. Charles Schultze, chairman of Carter's Council of Economic Advisers, «aid the administration realisesUPI; Reuter - 308 words
-
Article144 1977-07-23 3 YAZOO "CITY (Mississippi), Frl. President Jimmy Carter said last night the United States could balance its budget, reduce taxes and expand federal programmes by 1981. Speaking in a "citizen's public meeting", Mr. Carter said current projections for future American economic growth indicated that programmes now in144 words
-
417 1977-07-23 3 Reuter WASHINGTON, Frl. The US dollar remains strong on a trade-weighted basis, In spite of its recent decline in value against the mark and yen, Informed monetary sources said. In fact, on such a basis, the dollar is stronger now than itReuter - 417 words
-
458 1977-07-23 3 Reuter LONDON, Frl. A realistic pricing system for EEC agricultural products, more access to the EEC for developing countries, and more efforts to sell surplus EEC products to EEC consumers are recommended by UK Agriculture Minister, John Sllkin. Prices should be geared moreReuter - 458 words
-
Article64 1977-07-23 3 Reuter LONDON, Frl. UK second quarter consumer spending fell to £8.67 billion (5536.4 billion) at 1970 prices seasonally adjlisted, from £8.72 billion In the first quarter and £8.73 billion In second quarter 1976, Central Statistical Office preliminary estimates show. Spending on food and alcoholic drink roseReuter - 64 words
-
175 1977-07-23 3 Reuter LONDON, Frl. Eastern European countries will be forced significantly to reduce their Imports of goods from the West, between now and 1980, Bankers Trust Co senior economist, David Aahby, said. He told a conference on trade with Eastern Europe this Is becauseReuter - 175 words
-
Article30 1977-07-23 3 Reuter OTTAWA, Frl The Canadian seasonally-adjusted industrial production Index (base 1971) rose one per cent in May to 124.8 from a revised 123.6 In April. Statistics Canada said.Reuter - 30 words
-
495 1977-07-23 3 Reuter PARIS, Frl. Some member countries have reached a point where their external indebtedness Is a cause for concern, the Organisation for Economic Co-operation and Development (OECD) said, without naming them. Others could find themselves in this position if they continue to accumulate foreignReuter - 495 words
-
Article116 1977-07-23 3 Reuter LONDON, Frl UK Minister of Btate. Denzll Da vies, said the combined yield from petroleum revenue tax and corporation tax from North Sea oil and gas until the end of 1980 Is expected to be around £3 billon (5J12.7 billion) to £3.5 billionReuter - 116 words
-
404 1977-07-23 3 Reuter PARIS, Frl. Pressures on manufacturing capacity In major OECD countries are unlikely In the period to mid-1978 except perhaps for the paper, ball-bearing and non-ferrous metal Industries in the US; the car, electrical and precision machinery sectors In Japan; and the carReuter - 404 words
-
Page 3 Advertisements
-
Advertisement295 1977-07-23 3 Which bank works for you around the clock, and around the world? We do. Bank of America. Today, when world -wide money markets and exchange rates change rapidly, the ability to make on-the-spot decisions quickly is more vital than ever. That's why our internationally known man-on-the-spot service never takes time295 words
-
-
710 1977-07-23 4 AFTER achieving a record pre-tax profit of MlB.oo million last year, Oriental Holdings expects to maintain earnings for the current year ending Dec 31, 1977 at the same level. "For 1977, the group turnover is expected to Increase further although costs are also escalating710 words
-
482 1977-07-23 4 KECK SENG (Malaysia), which came to the market last May with an offer of six million Msl shares for the Malavslan public, has agreed to purchase Its second rubber estate In as many months. The company says In a letter to the Stock482 words
-
Article237 1977-07-23 4 Correal Ex Date Total for a i payment Date payable the year previous year Southern Kints 58.61% June 10 July 26 97.07% 115.38% Southern Malayan 40SI June 16 July 26 64.6%I 72.6% Peg! Malaysia 20% July 5 July 28 20% 20% Public Bank 8.5% June 24 July 28237 words
-
358 1977-07-23 4 JACK CHIA-MPH yesterday announced plans, which will launch the company into the Chinese language publishing field. The company said in a statement It has reached agreement In principle to acquire the majority of the equity capital of a Singapore registered company called Great358 words
-
826 1977-07-23 4 NYT WASHINGTON, Ftl. The Atlanta-based Coca-Cola Company's longterm Investment In Jimmy Carter has begun to pay off. Campaign contributions from Coca-Cola executives swelled the Carter offers when he was Governor of Georgia; Coca-Cola corporate aircraft bounded him around the nation, as he picked up politicalNYT - 826 words
-
319 1977-07-23 4 Reuter TOKYO, Pit. Hitachi expects Its consolidstsd net Income and sales In the current financial year en dins March SI, 1978 to rise slightly from 70.17 billion and 2.22 trillion yen respectively, Tasushi Sayama, assistant manager of Public relations. said. This year's remits will beReuter - 319 words
-
137 1977-07-23 4 PENANO, Frl. Straits Trading and Datuk Keramat Smelting officials said they expected agreement In the near future on new three-year labour contracts covering workers at their two Penang tin smelters. A Straits Trading official told Reuters the National Union of Smelting Industry Employees ended137 words
-
Article94 1977-07-23 4 Mr. GeoAvy Haalam, chief general manager of the Prudential Assurance Company has been elected chairman of the British Insurance Association. Mr. R.H. Peet, chief executive and a director of the Legal and General was re-elected deputy chairman and Mr. G. Bowler, chief general manager and a director of94 words
-
COMPANY MEETINGS
-
Article23 1977-07-23 4 THE following company meetings are due: July 23, 12 noon, Registered Office, Chartered Bank Chambers, Beach Street, Penang.23 words
-
Article14 1977-07-23 4 Fraser Neave Ltd.: July 29. 12 noon, OCBC Centre (19th Floor), Chulla Street, Singapore.14 words
-
Article15 1977-07-23 4 July 30, 12 noon, 4701 OCBC Centre, Chulla Street, Singapore 1.15 words
-
Article17 1977-07-23 4 Aug 1, 9 a.m., Registered Office, No 45 Bpottlswoode Park Road, Singapore 2.17 words
-
-
Article1234 1977-07-23 4 On July 21 TRADING In options on the Chicago Board Options Exchange came to 100,463 contracts on Thursday compered with 138,911 contracts on Wednesday. OPTION' OCT JAN APL STOCK Alcoa A) cot Am Exp Am Exp Am Tel Am Tel Am Tel AUR AUR Avon A»on Bank1,234 words
-
Page 4 Advertisements
-
Advertisement199 1977-07-23 4 Ghe iis a man foramonthwe'll give him a language for life Mngua now the largest group of language schools in the world offers a range of intensive language courses specifically designed for the busy executives whose work and position require them to attain a high degree of proficiency in a199 words
-
-
INTERNATIONAL COMPANY NEWS
-
Article379 1977-07-23 5 NORTH AMERICAN COMPANIES Reuter XEROX CORP said it continues to expect better results In 1977. In 1976, Xerox earned U*****.9 million or $4.51 per share on revenues of $3.40 billion. For the second quarter this year, the company made net earnings of $113.2 mfllion ($1.42 a share) onReuter - 379 words
-
Article123 1977-07-23 5 Reuter THE NEW YORK Stock Exchange said it will suspend trading in the common stock of Avis before the opening on Aug 1 and will ask Securities and Exchange Commission approval to delist It. Until the issue is suspended, trading will continue on a cash orReuter - 123 words
-
Article159 1977-07-23 5 Reuter THE Federal Trade Commission (FTC) charged the Kroger Company, the third largest US grocery chain, with using deceptive and misleading advertising in its "price patrol" price comparison programme. Kroger, of Cincinnati, uses the advertisements in about 175 of its 1,170 stores. Local shoppers compareReuter - 159 words
-
Article76 1977-07-23 5 Reuter CHEMICAL NEW YORK CORP said It filed registration statements with the Securities and Exchange Commission covering offerings of four million shares of US$25 convertible preferred stock and $100 million of debentures maturing 2002. It intends to invest most of the proceeds in Chemical Bank as equity capl-Reuter - 76 words
-
248 1977-07-23 5 Reuter AMERICAN MOTORS CORP's four-wheel-drive vehicles helped pull It Into the black in the third quarter this year, chairman Roy Chapin said. He said AMC's Jeep division scored record sales evidently in response to the growing American enthusiasm for out-of-doors activities. AMC alsoReuter - 248 words
-
145 1977-07-23 5 Reuter MEMBERS of the New York Stock Exchange voted to introduce a new system of membership fees and to permit changes In the exchange consitutitlon to allow the creation of an op- tions market, an exchange spokesman said. Under the fee proposal, membersReuter - 145 words
-
Article182 1977-07-23 5 Reuter ALUMINIUM CO. OF AMERICA (Alcoa), the leading US aluminium producer made sharply higher earnings for Its second quarter this year. Alcoa's net profit for the period Jumped 39 per cent to US$5B.9 million, or $1.70 a share, from $42.4 million, or $1.23 a share,Reuter - 182 words
-
Article159 1977-07-23 5 MANUFACTURERS HANOVER lifted earnings by about 10 per cent In the second quarter this year and by 17 per cent In the first half-year. For the second quarter, operating net earnings rose to U5537.94 million ($1.28 a share) from $34.26 million ($1.16). After securities, net earnings159 words
-
Article63 1977-07-23 5 Reuter BP CHEMICALS Is negotiating with Formla International, a subsidiary of American Cyanamld, for the industrial laminates business of Its UK units, Formla Ltd. The negotiations Involve the product range, knowhow and customer goodwill of the business and do not Include transfer of plant or machinery. Decorative laminatesReuter - 63 words
-
Article386 1977-07-23 5 Reuter STANDARD OIL of California's second quarter earnings will exceed last year's US$l.2l a share and probably also be higher than the $1.34 a share of the 1977 first quarter, financial vice-president Howard Bell said in an interview with Reuter Analysts' estimates Socal will earn betweenReuter - 386 words
-
Article92 1977-07-23 5 DOW BANKING CORP said it Is offering US$lO million in five-year floating rate certificates of deposit at par with Interest at one-quar-ter of a percentage point above London interbank dollar offered rates. The deposits carry a minimum Interest of per cent over the first three years and92 words
-
Article48 1977-07-23 5 Reuter BETHLEHEM STEEL said its Johnstown, Pa. plant was severely affected by flooding caused by heavy rain. It said the coke ovens, blast furnaces and open hearth furnaces have been shut down in an orderly manner, but the condition of its rolling mills is unclear. Reuter.Reuter - 48 words
-
283 1977-07-23 5 Reuter OCCIDENTAL PETROLEUM CORP said It continues to expect an Important earnings Increase In the second half and for 1977 as production from Its North Sea operations build up over rest of the year. It said Its earnings may also be Influenced somewhat by labourReuter - 283 words
-
Article109 1977-07-23 5 Reuter AMERICAN EXPRESS said its second quarter and first half-year set records for any three and six-month period In company history. The credit and travel company said Its second quarter earnings were US$67 million, or 94 cents a share, up 38 6 per cent from the year agoReuter - 109 words
-
Article46 1977-07-23 5 Reuter BANKAMERICA CORP directors expect to review the company 's dividend rate later this year, executive vice-president Lee Prussia told security analysts here. The company now pays a quarterly dividend of 20 US cents a share, which was first set in August of 1976. ReuterReuter - 46 words
-
Article367 1977-07-23 5 ASIAN COMPANIES Reuter MELBOURNE. Fri. Unaudited net profit at Broken Hill Proprietary amounted to As 73 million on sales of $2.15 billion for the year ended May 31, 1977 up from $65.64 million and $1.84 billion previously. The company said the profit Is beforeReuter - 367 words
-
179 1977-07-23 5 Reuter SYDNEY, Fri. Philips Industries Holdings declared unconditional Its takeover bid for Pye Industries and said It will proceed to compulsory acquire the outstanding shares. Philips said It has acceptances for 97.48 per cent of the ordinary shares subject to the offer and 95.37 perReuter - 179 words
-
117 1977-07-23 5 Reuter SYDNEY, Frl. The New South Wales equity court ruled liquidators of three companies were Justified in beginning proceedings against the Bank of New South Wales for the recovery of A 54.77 million. The companies were associated with Thomas Barton who is facing a number ofReuter - 117 words
-
Article108 1977-07-23 5 TOKYO, Frl. Mitsubishi Electric said it expects consolidated net income and sales for the current year ending March 31, 1978 to rise by about 10 per cent to 10 billion yen and 836.6 billion yen, respectively. The company reported that It made a consolidated net profit of 9.42 billion108 words
-
-
Page 5 Advertisements
-
Advertisement268 1977-07-23 5 1927 -1977 r THE 50TH ANNIVERSARY VOLVO YOU CANT BUY IT BUT YOU CAN STILL OWN IT HERE'S HOW To celebrate their 50th Anniversary, VOLVO are producing a limited number of special-edition 4 Anniversary' VOLVO 264. Singapore has been allocated one. Only one! You can see it on display at268 words
-
-
Article2368 1977-07-23 6 Gr'i Gr's Net 1*77 Laat dlv Dbr ru P/E Val Day High Low Compaay Stle +or- e'n High Low SECTION ONE INDUSTRIALS 154 136 Acma 150 12.0N 1.8 8.0 7.0 204 172 Alcom 172 10.0 0.5 5.8 27.7 96 58 Allied Choc 82 -1 16.4 13 82*2,368 words
-
Article1441 1977-07-23 6 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board1,441 words
-
Article1543 1977-07-23 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 otherwl?' specified INOU6TRIALB AIM (1.428) AJhmumU (2.048). Alaam (l.HB). A. CAM (0.808). A.M.O. <0.60B).1,543 words
-
Article52 1977-07-23 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore the periods, hid and offer prices and business done yesterday, with the number of options traded shown in brackets. Inchcape (Sept $2.40) (0.285) (5) 0.28 UOB (Dec $3.20) (0.228 0 245) (1) 0.20. (March52 words
-
Article148 1977-07-23 6 SINGAPORE UNIT TRUST INCOME BOND UNIT iMiuferi' prin) for July 25) (Qirreat pr -toM) 1.08 1.12 INCOME BOND The Commerce 1.72 1.82 MARA BUMIPUTRA FUND The 8a vlng Fund ON 1.04 pricci for July S) 2.17 2.22 102 1.07 S pore Pro® Fund S pore Security Fund S148 words
-
Article145 1977-07-23 6 B O T 8 1/7% 1981 (100.900) (1038 103 *S) B O T 7 5/8% 1984 (100.000) (998 99%5) Credit Lyonnais Floating 1983 (100.000) (98SB 995) DBS Converts 6 1/2% 1991 (100.000) (98*B 995) D B S 8 1/2% 1982 (100.000) (101HB 102*S) El 89% 1982 (100.000)(103*B 104S)145 words
-
Article121 1977-07-23 6 Rep Spore D Mark 7% 1982 (100.000) <100 7 AB 101HS) Rep Spore 6 1/2% 1983 (100.000) (99W8 99SS) Rep Spore 7 3/4% 1987 (100,000) (100*«B 101 V*S) 5 1/4% 15/7/78 t250,000) (101.SOB 101.575) 4 3/4% 1/5/79 (250,000) (100.878 100 90S) (2) 100.87 5 1/4% 15/10/79 (250.000) (101.958121 words
-
Page 6 Advertisements
-
Advertisement176 1977-07-23 6 Confront Singapore's decision makers in Business limes Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who For only $3.50 per single column centimetre176 words
-
-
Article, Illustration611 1977-07-23 7 STOCKS retreated across a broad front in light trading on the Stock Exchange of Singapore yeeterday. The market was generally cautious and the presence of profit-takers was felt right from the first bell. Except for one or two firm spots, most of the counters finished easier with611 words
-
Article388 1977-07-23 7 AN EASIER TREND Erevailed on the Kuala umpur Stock Exchange yesterday as share prices turned lower on lack of support. Light attempts at holding levels steady during the course of the day proved too feeble. Observers attributed the decline to the combined effects of profit-taking and heavier388 words
-
INTERNATIONAL STOCK MARKETS
-
Article356 1977-07-23 7 HONOKONO: The market fell further In quiet trading on continued local institutional selling and lack of support, dealers said on Friday. The Hang Seng Index shipped 3.18 points to close at 419.30. Swire Pacific dropped 35 cents to $6.10 Jardina Misthssoa 20 cents to $14.00, Hengkeng Land 10 cents356 words
-
Article512 1977-07-23 7 TOKYO: Share prices closed lower afteT an lntlal advance as petroleums and some large capital Issues turned lower on liquidations and profit taking, dealers said on Friday. The Dow Jones average lost 20.24 to close at 4,950.34 with volume 240 million shares. The New Index closed at 373.13, down512 words
-
Article412 1977-07-23 7 SYDNEY: The market closed lower on Friday with BHP falling heavily Just before the close, after the company's annual results, to close 14 cents lower at $6.00, dealers said. The Sydney All-Ordinaries Index dropped 2.56 points to finish at 449.61. Coal sad Allied rose 13 cents to $2.20 while412 words
-
Article155 1977-07-23 7 MANILA: The market closed lower, with minings and oils declining while commercials were unchanged, dealers said on Friday. Turnover, however, rose to 4.68 million pesos from Thursday's 2.92 million. Atlaa fell one point while Lepanto rose one among minings, and oils fell on lack of news from drlllsltes, with155 words
-
Article104 1977-07-23 7 JULY a BahU Asia Fibre 188 unch Bangkok Bank 337 ♦2 Bangkok Invest. 204 unch Bangkok-Metro-politan Bank Bata 900 unch Bertl Jucker MS +8 CharoongThal Wire 175 ♦S Dumex Duxlt Thanl 214 ♦4 Faber Merlin First Truat Indo-Thal Industrial Finance Corp ***** J And J Ho 250 ♦8 Jalaprathan104 words
-
Article292 1977-07-23 7 I AMSTERDAM: The market closed lower In dull conditions with Dutch internationals falling up to 0.40 guilders although Royal Dutch was unchanged, dealers said on Thursday. Elsewhere, trading and Industrial shares fell. Shippings were unchanged to firmer while KLM fell. Banks and Insurances were higher. State loans were slightly292 words
-
Article295 1977-07-23 7 FRANKFURT: Shares closed lower on lack of demand and uncertainty over the trend of the dollar, which particularly affected export oriented shares, bourse sources said on Thursday. In lower engineerings. Man ordinary shares fell 4.80 marks and in autos. Mercedes Holding lost three marks. In weaker banks, Deutsche Bank295 words
-
Article178 1977-07-23 7 MILAN: Stocks closed easier In thin trading, bourse sources said on Thursday. Montedison and Bastogi fell back sharply, while Ante, Fiat, Mediobanca and both Olivetti* also dropped. Pirelli SPA gained against the trend, while full aiarati and other cement firms also rose on market anticipation of government authorisation soon178 words
-
Article343 1977-07-23 7 PARIS: The market was higher on Thursday, helped by a forecast from Employers Federation chairman Mr. Francois Ceyrac of reasonable economic expansion In the autumn, dealers said. The firmness of the franc and the slight fall In call money also aided sentiment, they added Most sectors advanced but banks,343 words
-
Article307 1977-07-23 7 ZURICH: The market closed steady, dealers said on Thursday. Banks were little changed, apart from the bearer shares of krediianstah, which eased on reports that the Swiss National Bank wishes to obtain clarification of rumours concerning possible Insider trading at director level at Kreditaastalt. Bally regained a large part307 words
-
Article377 1977-07-23 7 JOHANNESBURG: Gold shares were generally easier In quiet trading In line with the lower bullion price, dealers said on Thursday. Losses of 25 cents were recorded among heavyweights. while marginal and speculative Issues declined about 10 cents. Mining flnanclals were mixed in llKht trade. Coppers were marginally easier, as377 words
-
Article300 1977-07-23 7 TORONTO: The market closed lower on Thursday In moderate trading with the heavily weighted metals Index pulling the composte down almost 21/2 points. However, advances outnumbered declines 205 to 186. Among companies reporting latest earnings Northern Telecom rose 1/4 to 35. North Canadian Oils added 1/8 to 10-3/8. ColanoM300 words
-
Article1336 1977-07-23 7 NEW YORK: Stock prices, recovering some earlier losses, finished mixed In heavy trading as Investors weighed a number of economic factors on Thursday. First, there was disappointment with the morning's report of the 0.6 per cent rise In the consumer price Index In June. Wall Street analysts said.1,336 words
-
Article63 1977-07-23 7 FINANCIAL TIMES INDUSTRIALS Thursday 433 9 Wednesday 438.1 Week Ago 449.9 DOW JONES AVERAGE INDUSTRIALS Thursday 921.78 Wednesday 920 48 Week Ago Closed. LONDON DOLLAR PREMIUM Thursday 111% to 111% Wednesday to 113 H.K. HANG SENG Thursday 422.48 Wednesday 426.32 Week Ago 431.87 ALL ORDINARIES Thursday 452.17 Wednesday 450.6663 words
-
Article110 1977-07-23 7 Reuter MANILA, Frl. San Miguel Corp said it will raise its stake in Paper Industries Corp of the Philippines (Picop) to 18.2 per cent of Picop's 260.5 million pesos paid-up capital from 13.2 per cent by buying preferred and common shares held by Rustan Manufacturing Corp.Reuter - 110 words
-
-
Page 7 Advertisements
-
Advertisement500 1977-07-23 7 BUSINESS TIMES Airline Directory Aereflat Soviet Airlines 110-112 Show Centra, Orchard Rood, Singapore 9 (Td: 377.111) Air Ceyten 302-B, 3rd Floor. Marino Houm Shonton Way, (Tel: *****00] Air Franco Ground Floor, ICB Building, Shonton Way Siwgopsrs 1 (Tal: *****11) Shonton Way, Air India 16th Floor, UIC (Tel: 2205.277) Air Now500 words
-
-
COMMODITY REPORTS AND PRICES
-
Article424 1977-07-23 8 THE Singapore market yesterday opened fractionally lower then fluctuated narrowly in quiet trading before forward buying towards the close pushed prices one cent higher in fairly active trading. The market closed the morning session steadier, with August RSS One buyers quoted at 195.00 cents per424 words
-
Article335 1977-07-23 8 Prices in cents per klio yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S prompt f.o.b. 192.50 193.SON 193.25 194.2SN Int. 1 R.S.S August 194 00 194.50 194.75 195 25 Int. 1 R.S.S. September 195 25 195 75 190.00 190.50 Int. 2 R.S.S335 words
-
Article101 1977-07-23 8 Aucuat 8* ptember R.A.S. (Curreat Mth) (Far irard Mth) Buyer* (ceati Sellers Buyer I Sellers perk*) <ce« «spsrk«) NOON SSR and SMR prices yesterday SSR 20 <1 -ton Pallet! 192 50 194.50N 193.50 195.SON SSR SO <1 —ton Pallet) 189.50 191.SON 190.50 192.50N M.R.E.L.B. SMR5CV (I -ton101 words
-
Article30 1977-07-23 8 Rubber: July 22 Singapore: August 194.75 eta (up 0.25 ct.) Malaysia: August 195.75 cts (up 0.50 ct) Tin: $1,559 (up $6) Official offering: 185 tonnes (down 10 tonnes)30 words
-
Article196 1977-07-23 8 BANGKOK, Fri. Indicative prices quoted here were: White Rice: 100 per cent lit clan 302 100 per cent 2nd 287 100 per cent srd 283 S per cent 274 10 per cent 290 15 per cent 247 20 per cent 244 25 per cent 235 35 per cent unq196 words
-
Article419 1977-07-23 8 TRADING conditions remained generally listless In the Singapore market as dealers withdrew further Into the background. Until the close, a wait-and-see attitude was pervasive. A sudden reversal in the easier trend In the copra and coconut oil markets was noted following Improved sentiment in both the Chicago and419 words
-
Article214 1977-07-23 8 LONDON, Fri. Futures trading was well matched during the opening session and at end-call prices were £15 higher to £47 per tonne lower from last night. 364 lots were traded and the tone was 'barely steady'. Prices ended the morning slightly steadier £15 higher with September at £2,135 to214 words
-
Article68 1977-07-23 8 C.I.F. Rotterdam, US dollars per ton. LONDON: Malaysia 5H f f a bulk TfcMiMky unq unq Sumatra 5* July unch 510 pd Aug 527.80/535 pds 515 sir Sept 515/525 pds 517.50 qtd/515 520 pd Oct 507.50/510 Dds 505 qtd 500 506 pd Jan unch 470/465 pd Nigerian 5S68 words
-
Article160 1977-07-23 8 LONDON. Fri. "Early trading was mixed with prices closing the first call £14.50 up from last night to C 14.50 lower. Terminal cocoa moved uncertainly in restrained late morning dealings and closed quiet at mostly £10.50 up from last night (spot July at £3,133) to £9.00 lower. On Thursday,160 words
-
Article166 1977-07-23 8 THE Btralts tin price In Penang yesterday was up $8 to $1,559 on an official offering down 10 tonnes to 185 tonnes. In LONDON yesterday morning, tin was £25 higher all round for standard metal. High grade gained around £37 for cash and £22 for Three Months.166 words
-
Article226 1977-07-23 8 LONDON, Fri. Terminal yesterday opened £0.80 to £0.15 per tonne above yesterday afternoon's close In sales.of 769 lots. Prices at end morning were £2.00 higher in near August. The rest of the market £0.70 up to £0.15 down. Sales totalled 1,083 lots. The London dally whites price was unchanged226 words
-
Article118 1977-07-23 8 CHICAGO, Fri. Soybean futures advanced in early trading yesterday and were up 20 to 8 Vi cents a bushel around mldsession. Soybean futures finished the session with the August up 25* cents a bushel and new crop months up llMto 5Vi cents. Soybean oil futures yesterday were up sharply118 words
-
Article47 1977-07-23 8 CHICAGO, Fri. Wheat futures were up to one cent a bushel around midsession yesterday on a light trade. There were 95,000 bushels of wheat- delivered In the morning. Wheat futures lost early gains to finish the session with losses of one to Vi cent a bushel.47 words
-
Article287 1977-07-23 8 HONGKONG, Frl. The cotton futures market closed lower In quiet trading, with traders holding back following the irregular overnight closing in New York, dealers said. December fell 1.22 US cents, while other months fell 0.37 to 0.70 cent on commission house new selling and some long liquidation, they287 words
-
350 1977-07-23 8 STEADIER and more active conditions were experienced In a continuation of the previous week's recovery, as current month RSS 1 rose progressively some 5 Vt cents before profit-taking eventually shaved off two cents, said Holiday, Cutler Bath In its weekly review of the Singapore and350 words
-
Article284 1977-07-23 8 LONDON, Frl. Copper wire bars finished the morning with gains of mostly £4.50. Three Months traded up to £742 per tonne but general end-week liquidation In the ring pared gains where the position finished at £740. Prices eased further on the kerb to reach £738 finally. On Thursday, copper284 words
-
Article221 1977-07-23 8 LONDON, Frl. Silver In the morning finished 0.2 Knee higher to 0.2 pence ver. Three months closed at 271.0 pence. On Thursday morning, silver showed losses of 1.4 to 1.3 pence per troy ounce. In the afternoon, sliver eased by 0.5 to 0.9 pence per troy ounce. The market221 words
-
Article321 1977-07-23 8 IN the Singapore gold market yesterday, the kllobar opened at 5511,416 and closed at 5511,428 In quiet trading. In the London market, the metal opened at U*****.60/90 and closed at slightly higher at U*****.90/144.40. The London morning was U*****.30, up 30 cents on the previous fix. Source: Singmaa Retail321 words
-
Article78 1977-07-23 8 LONDON, Frl. Lead in the morning lost £2.00 for cash and £1.50 for Three Months. After early pre-market steadiness In sympathy with copper, prices eased marginally under modest dealer liquidation, traders said. Three Months traded from £330 on the premarket down to £327.50 In the ring and to £32678 words
-
Article87 1977-07-23 8 LONDON. Frl. Zinc finished the morning with all round losses of €1.50. Prices were shaded under scattered hedge selling and general liquidation prompted by low physical demand and expectations of a moderate rise in warehouse stocks this week, dealers said. Three Months traded down to £321.50 in the ring87 words
-
-
MONEY AND EXCHANGES
-
Article501 1977-07-23 8 THE US dollar fell against the Singapore currency for the second successive day in the Singapore foreign exchange market yesterday. From its opening of 552.4520/25, the US unit started to ease from the start of the trading session to hit the day's low of $2.4440/50 by the late morning501 words
-
Article36 1977-07-23 8 acbc «v. Citibank «H ttaWktk Rtak 7 hsbc (S •H S 4 < Rank of China 7 v < Mitaui Bank Baitk Nafara OCBC «H 7 OUB UCB 7 «H UMBC 7 nRs ('<• DOB 4>*36 words
-
Article138 1977-07-23 8 Asian rates ASIAN currency deposit interbank rate* u at close on July 22 U8 Dollar »(8pot) 7day* 1 mth 2 mth* 3 mths 8 mth* mths 12 mths 59/16 57/8 5J/4 57/6 8 3/16 8 5/18 87/16 Bw. Fn 57/16 53/4 55/1 53/4 61/16 63/16 8 5/16 kOM. i prioM)138 words
-
Article44 1977-07-23 8 RANOE of price* offend by discount houae* on July 22 Overnight 3S Can deposit 3% Bay MUv 3-Month Treasury bill* 3 2 7/» 3-Month Bank* Mils 4l/» 4 3-Month CD 41/2 4 3/B S- Month CD 45/i 41/2 Source: National Discount Co. Ltd.44 words
-
Article128 1977-07-23 8 Euro rates LONDON. Frl. The Eurodollar deposit market was quiet at the outset ahead of the weekend, with the US money supply data having little effect on trading, dealers said. Period rates opened basically unchanged at last night's steady levels. The One Month rate was adjusted 5/16 higher because of128 words
-
Article203 1977-07-23 8 NEW YORK. Fri. The dollar closed firmer on balance yesterday than on Wednesday night after pro-fit-taking and buying in Europe followed substantial Bundesbank support at the Frankfurt fixing, dealers said. It eased slightly, however, In closing trading after news of a US$l.7 billion fall in US narrowlydefined money203 words
-
Article192 1977-07-23 8 LONDON. Fri. The dollar edged slightly lower In early trading to 2.2623/33 marks from 2.2631/41 overnight. However, dealers said the US unit appeared to oe holding around levels reached after yesterday afternoon's technical rally. The French unit rose to 4.8235/45 to the dollar from 4.8325/60 overnight. Sterling edged higher192 words
-
Article80 1977-07-23 8 HONGKONG, Fri. The US dollar recovered to a late 2.2632/4J marks from a low of 2.2620/30 but remained below the 2.2650/60 New York close, dealers said. HONGKONO banknotes quoted on July 22 US 4 625/4 635 UK 8 05/8 25 Burma 1.00/1.50 India 4 60/4 80 Indonesia 1 10/1.1380 words
-
Article323 1977-07-23 8 LONDON, Fri. Straight Eurobonds traded generally firm In increased activity, dealers said. Convertible bonds continued basically unchanged and very quiet in both US and Japanese issues. LONDON Eurobond prices on July 22 Straight* Bid Offer Austria 8* 90 101* lur. Bell Canada 8* 86 104% 105* BFCE8*83 101* 102323 words
-
Article118 1977-07-23 8 TOKYO, Frl. The US dollar for overnight delivery 1 edged up in light trading to close at 264.60 yen, com- 1 pared with the 264.50 open- < ing and 264.30 at yester- 1 day's close, with exportcovering paring some of the early gain, dealers said. The dollar rose to118 words
-
Article52 1977-07-23 8 ZURICH exchanges closing quotes on July 21 US 2 4030-4038 UK 4.1295-1315 Can 2 2800-2620 W Germ 106.12-20 Neth M 41-48 France 49.77-82 B»lg unquoted Denm 40 61-65 Norw 46 05-08 Swed 55 56-61 Italy 0 *724-2726 Austria 14 *4-96 Port 6.25-27 Spain 2.79' i-7V*«. Am 0 55-65 Japan52 words
-
Article50 1977-07-23 8 AUSTRALIA/NZ exchanges on July 22 Australia: Sterling .6872/.8502 US dollar 1.1205/1 1217 Ninety-day air mall buying rates Sterling .6757 US dollars 1.1522 Ninety-day forward buying rates: Sterling M 72 US dolfcrs 1.1152 New Zealand: Sterling .5663/ 5031 US dollar 9792/ 9683 Ninety-day forward rate: Sterling 5875 US dollar .990650 words
-
Article32 1977-07-23 8 FRANKFURT exchanges opening quotes on July 22 US 2.1628/38 Can 2.1318/38 UK 3.808/8 M Neth 94.15/25 Italy 2.503/571 France 46 90/00 Norw 43.30/38 Belg com 6.45/46 Belg fin 6.40/41 Japan 0.8545/6032 words
-
Article50 1977-07-23 8 RESULTS of tender held on July 22 for 91 -day Singapore Government Treasury bills to be issued from July 25 to July 29 Offered: 520.000.000. Applied for: *46.300.000. Allotted: 520.000.000. Accepted Bids: 599.26; approximately 70*. higher bids In full. Average rate of discount on allotment: 2 960% pa.50 words
-
-
Page 8 Advertisements
-
Advertisement174 1977-07-23 8 :r 1 ■T --"f rfi MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken ploce in all important sectors of the economies of countries in East and Southeast174 words
-
-
TRANSPORT AND COMMUNICATIONS
-
389 1977-07-23 9 UPI DETROIT, Fri. The fuelstingy Ford Fiesta may have to take a short siesta If Congress does not change clean air standards for 1978-model cars. Introduction of the German-built car, originally scheduled for late June and then delayed until Aug. 5. nowUPI - 389 words
-
Article130 1977-07-23 9 Reuter WASHINGTON, Frl. A US Senate-House conference committee on the BUI delaying 1978 model car emission standards will not meet again until next week, Senator Edmund Muskle said. This will give conferees less than two weeks to work out differences in the Bill in time forReuter - 130 words
-
Article389 1977-07-23 9 Reuter LONDON, Frl. A new British design that seems to combine a Jet fighter and a helicopter has aroused so much Interest abroad that the US navy is spending US$2.5 million (SsB.2 million) just to build a fullscale model. The "X-wing" Is the creation ofReuter - 389 words
-
622 1977-07-23 9 TERESA LIM - By TERESA LIM SINGAPORE'S dettrmlnation to secure the lucrative Singapore/ Pa* clflc route via Hongkong and Tokyo, rather than via Guam and Honolulu, according to airline sources here, may present one of the main difficulties at the coming civil air622 words
-
Article111 1977-07-23 9 AFP HONGKONG, Frl. Italian and Hongkong In-, terests have joined forces to 1 launch a new shipping service between the Far Bast and Nigeria. The two companies Involved are Laufo Lines of Italy and Hongkong's Viceroy Shipping who are starting the service with one regular monthlyAFP - 111 words
-
Article43 1977-07-23 9 THE Port of Singapore Authority (PSA) yesterday announced that the Western special purposes anchorage has been discontinued. It also reminded mariners to exercise caution when leaving the container channel or the east Keppel fairway, because of the lack of manoeuvring room.43 words
-
1028 1977-07-23 9 RODNEY SMITH - The hottest issue in Athens this summer is how far EEC membership can affect the biggest asset in Greece's economy the merchant fleet. Many Greeks fear that the Brussels bureaucrats may torpedo their freedom on the high seas. By RODNEY SMITH FT ATHENS: The EuropeanFT - 1,028 words
-
Article185 1977-07-23 9 UPI LONDON, Frl. Numerous and varied voyage-time-charter fixtures appeared on a previously sluggish market, but the flurry was not expected to be more than a temporary outburst due to a prolonged lack of new enquiry entering the market. Australia featured In smother Chinese wheat import movement whenUPI - 185 words
-
Article68 1977-07-23 9 Reuter LOS ANGELES, Frl. Continental Airlines said yesterday President Carter had approved a new route for the airline from Los Angeles to Australia and New Zealand. The airline said the servlce would also link Honolulu, American Samoa and FIJI. Robert Six, chairman of the airline, saidReuter - 68 words
-
Article337 1977-07-23 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge Sin Llan Huat 3 (1400 alongside Temeralre) 47 Ernest Thelman (1500) 31/32 Iyo Maru j(JPID) (0700 after Westerkerk) 10/11 Lumut (after Temburong) 21 East Neptune Beryl (0530) (Subject free board) 25/26 Prince Maru No. 5 (Car Carrier) (1900 after Clara Maersk) 1/2337 words
-
Article140 1977-07-23 9 MITSUI 08K is the second largest line In Japan. It has many interests and Is a member of both the Trio consortium and the Med Club, both of which provide regular services to Europe. Frequency of service within these two consortiums is about three times a month. Besides140 words
-
Article87 1977-07-23 9 AFP MENTON, (France), Frl. French customs officers on the Italian border here have started using a sensitive new mobile ray unit capable of indicating caches, In vehicles. The units, Incorporating an X-ray transmitter which "reports" onto film, Is of a type hitherto used to Inspect ship hulls,AFP - 87 words
-
Article581 1977-07-23 9 Operate CAL AR Ihnta CI 333 RTV> Lw r Tta 0400 iL8 a M FlM TPB/HKO/KUL CPA CX003 0145 HKO MAS MH082 0810 KCH CPA CX710 1000 HLP CAL CI814 1000 HLP QIA OA90O 1090 HLP THAI T0423 1035 BKK SIA SQ211 1045 HLP OLA GA944 1055581 words
-
Article170 1977-07-23 9 Reuter. LONDON, FYI. Vauxhall Motors Ltd chairman and managing director W.R. Price said he expects more than 2,000 new Jobs to result this year from the UK assembly of the Cavalier range of cars which have previously only been assembled in Belgium from German source parts.Reuter. - 170 words
-
-
Page 9 Advertisements
-
Advertisement268 1977-07-23 9 i 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 this century. The268 words
-
-
1179 1977-07-23 10 SUE BRANFORD - Brazil is one of the world's exporters of iron ore, but uses up most of the mousy earned in this way to re-lm-port the product after it has been processed into steel. To end this anomaly, Brazil is pushing hard at Its ownFT - 1,179 words
-
Article1589 1977-07-23 10 JEFFREY ENGLISH - A practising accountant rebuts last week's article by Professor Reid ACCOUNTANCY By JEFFREY ENGLISH FT PROFESSOR Walter Reld's article "Picking up the pieces of CCA" makes fascinating reading but contains four fatal flaws. Firstly, he says that the Accounting Standards Committee "has re-affirm-ed Its belief thatFT - 1,589 words
-
Article685 1977-07-23 10 GILBERT SEDBON - By GILBERT SEDBON Reuter PARIS: As France Increases Its arms sales to the Arab countries, a market once dominated by the Soviet Union, It is also trying to Increase 1U overall Influence m the area. The Prench became enthusiastic arms salesmen when the late GeneralReuter - 685 words
-
Article, Illustration1109 1977-07-23 10 HENRY BRADSHER - By HENRY BRADSHER Washington Star JERUSALEM: After an election-Inspired relaxation In the economy, Israel is now re-emphasizing an abstemious way of life that highlights the vulnerability of Its siege economy. This country needs to keep Its credibility with foreign lenders, to whom ItWashington Star - 1,109 words
-
Page 10 Advertisements
-
Advertisement54 1977-07-23 10 v >. -~y; Pl > r nirvk y .wC* V< *< i y&v? sf >?• *S r -t r Wf A-'W/ M Ws§ I fPW Peter Bench ley 'Better than JAWS, ever escalating shocks' TIME 'Cracking entertainment' -/Al7/J TELEGRAPH Tor the second time -the book you can't put down' -inn.)54 words
-
-
Article, Illustration295 1977-07-23 11 Reuter COLOMBO, Frt. The United National Party (UNP) of Mr. Junius Jayewardene swept to victory in yesterday's general election in Sri Lanka. The UNP gained power with 134 seats of the first 156 results declared, giving It a two-thirds majority in the 168-seatReuter - 295 words
-
350 1977-07-23 11 AFP COLOMBO, Frl Mr. Junius Richard Jayewardene, leader of the United National Party, was born on 17 Sept 1906, the eldest son of a supreme court judge. Educated at Royal College and University College, Colombo, he took up law and passed outAFP - 350 words
-
Article103 1977-07-23 11 Reuter MOSCOW, Frl. The Soviet Union and China signed their annual trade agreement for 1977 which allows for a total turnover of Just over 200 million roubles this year. Chinese sources who gave details of the accord said the projected level of SlnoSovlet trade was fixedReuter - 103 words
-
Article85 1977-07-23 11 Reuter MANILA, Frl. A Philippines Central Bank delegation files to Washington next Monday to discuss with a US banking consortium, rearrangement oT the country's standby credits, Informed sources said. At present it has standby credits of US$l.l billion (552.7 billion) but with AS22B million balanceReuter - 85 words
-
224 1977-07-23 11 UPI HONGKONG: Frl. The Chinese Communist Party has called for expansion of private "sideline production" by China's 600 million termers as a prop for the still sluggish national economy. Such production has been permitted in the past, but on a limited basis. ItUPI - 224 words
-
206 1977-07-23 11 Reuter BANGKOK, Frl. The National Administrative Reform Assembly (Nara) today began to debate an 81 billion baht (about SBlO billion) national budget bill for the fiscal year 1978. The proposed record budget, which is 15 per cent higher than the current fiscal year's figure,Reuter - 206 words
-
432 1977-07-23 11 A PRIVATE Singapore firm Is alleged In Bangkok newspaper reports to have shipped 11 million litres of substandard bunker oil to the government-owned Fuel Organisation of Thailand., Thai newspaper reports say that the shipment arrived aboard the tanker 'Cherry Queen' last Saturday and432 words
-
740 1977-07-23 11 THE Asian Development Bank can and should play a more active role In the region. Instead of acting as a shadow of the World Bank in Washington, It should provide the necessary Intellectual support to Aaean. This A was stated by740 words
-
263 1977-07-23 11 Reuter PENANO, Frl. High prices offered by domestic Malavslan refiners are currently making It more attractive for crude palm oil producers to sell Into the local market than Into the export market, trade sources said. But they said they knew no cases of physicalReuter - 263 words
-
Article232 1977-07-23 11 AFP TAIPEI, Frl. American economic Interests abroad will be considered in US normalisation of relations with Peking, the White House said In a letter to the American Chamber of Commerce released here today. The effect on global and regional stability as well as on the InternationalAFP - 232 words
-
Article214 1977-07-23 11 AP NEW DELHI, Frl. Visiting Japanese Foreign Minister, lichlro Hatoyama, said last night India and Japan will take steps aimed at putting Japanese technology and organisation behind India's new ftrogramme of rural and ight industrial development. He also told reporters the two countries are upgrading theirAP - 214 words
-
Article73 1977-07-23 11 A PALESTINE Liberation Organisation delegation led by Mr. Farouk Asad KadtoumJ vislted SlnKapore in the last three days as guests of Mr. 8. Rajaratnaip. the Foreign Minister. During his stay, Mr. Kaddouml called on the Prime Minister, Mr. Lee Kuan Yew, to deliver a message from73 words
-
228 1977-07-23 11 AFP KUALA LUMPUR, Frl. The Malaysian government plans to extend its territorial waters from the Ctsent 19.2 km to 320 km, w Minister and AttorneyGeneral, Tan Brl Abdul Kadir Yusof, said last night. He told newsmen on his return from theAFP - 228 words
-
Article53 1977-07-23 11 Reuter TOKYO, Frl. The Japanese government said It set the official producers' price for this year s rice crop at 287,200 yen (812,550) per tonne, four per cent up from last year. It will now decide the consumers' rice price at which It will sell thisReuter - 53 words
-
159 1977-07-23 11 UPI TOKYO, Fri The Japanese government will completely liberalise sales of foreign bonds in the yen currency in Tokyo as a means to reduce Japan's foreign exchange holdings, the Mainichi Shimbun newspaper said today. The paper said the liberalisation of foreign bondUPI - 159 words
-
Article86 1977-07-23 11 NINE COMPANIES dealing with pharmaceutical products and medical instruments will be holding a trade exposition at the 12th Singapore-Malaysia Congress of Medicine which opens at the Regional English Language Centre on July 28. They are E.I. Parrlsh, Astra, Merck Sharp and Dohme, United Italian Trading, Cycle86 words
-
397 1977-07-23 11 AFP TOKYO, Thurs. In an effort to hold down Japan's snowballing foreign exchange reserves, the Ministry of International Trade and Industry (MIU) plans to step up oil and uranium stockpiling. Mitl sources said that the plans are also designed to help InvigorateAFP - 397 words
-
133 1977-07-23 11 APT BANGKOK, Frl. The Japanese ambassador to Thailand, Hlroshl HI torn 1, has defended his country's trade imbalance with Thailand. In a speech to the Foreign Correspondents' Club, Mr. Hltomi noted that Japan has made "a considerable effort" in the past few vearsAPT - 133 words
-
Page 11 Advertisements
-
Advertisement285 1977-07-23 11 APPOINTMENTS rOor Client, an expanding food processing and distributing company, invltea application* for the pootof FINANCE MANAGER <$24.« M p.n.) This is a senior management position reporting to the General Manager QUALIFICATIONS EXPERIENCE: A recognised accountancy qualification with 3to 5 years experience of a senior level. Good knowledge of. computerised285 words
-
Advertisement342 1977-07-23 11 i r n tn 'j. invites suitably qualified applicants for tha position of SE NIOR ACCOUNTANT RESPONSIBILITIES: Reporting to the Financial Controller, this position carries the total responsibilities for the effective performance of the budget and financial accounting functions which include: (1) budgetary control, long-range forecast and financial analysis and342 words
-
-
235 1977-07-23 12 THE SURVEY of life Insurance agents launched last month by the Monetary Authority of Singapore is not Intended to decide whether these agents should be licensed. Sources close to the Authority described the survey as one of several bids being made by the MAS235 words
-
193 1977-07-23 12 LOCAL manufacturers of edible oil do not consider the UK and Australia as important export markets at present, and have turned down a suggestion by Yeo Hlap Seng that Singapore products be packed In litres, in line with the two countries' adoption of193 words
-
Article68 1977-07-23 12 AFP RABAT. Fri. A new Industrial complex called Morocco-Phosphorus II is to be built under a convention signed here today. The work will cost 1,000 million dlrhams (about Ss6ls million) and will be completed in 37 months. The complex will help to develope the phosphates In theAFP - 68 words
-
Article601 1977-07-23 12 LONDON, Frl. R»nir« were the main feature in the market after Midiaad and Lleyds reported half yearly »minp figures. Mlrthad gained lOp and Ltoyda 2p. Nitwwt and Barclay* rose 5p in sympathy dealers said. Other leading equities were featureless and generally easier. Gokl shares held steady at the601 words
-
Article, Illustration541 1977-07-23 12 LOCAL SHIPOWNERS were the focus of attention at yesterday's seminar on "Ship Financing In Singapore". In his paper on the "Financial Requirements of the Shipbuilding Industry In Singapore", Mr. P.H. Meadows, chairman and managing director -of Far East-Levlngston Shipbuilding (FELS). said that541 words
-
703 1977-07-23 12 S'pore can be small ship' building centre SINGAPORE has every potential to develop Into a major International "small ship" building centre. But barriers to such a development still remain, not the least of which Is the relative lack of ship financing facilities, said Mr. Chua Chor Teck, president of the703 words
-
Article94 1977-07-23 12 A HONGKONG shipyard, was awarded a $1,735,638 judgement In the High Court yesterday In an admiralty suit In which the yard, Hongkong United Dockyards, was the plaintiff. The plaintiff claimed in its uncontested suit that the defendants, who are owners of two ships, breached a contract entered94 words
-
Article28 1977-07-23 12 AFP KUALA LUMPUR, Fri. Malaysia will host a conference of central bank governors of member countries of the Islamic Conference here in March next year. AFPAFP - 28 words
-
Article565 1977-07-23 12 IN THE next ten years, local shipowners will have to replace 50 or 60 ships each year with completely new tonnage ranging from 300 grt to 5)000 grt. With economic growth In Singapore and in the region, said Mr. Y.C. Chang, managing director of Pacific565 words
-
Article54 1977-07-23 12 UPI WASHmOTON, Fri. The American consumers' rebellion against high coffee prices finally la showing HP in government import statistics. Apiculture department official* aaid yesterday a repert rtwm the value of lf««n coffee imports plunge* from U ***** ""riSs fifSat drop in V* value of coffee importsUPI - 54 words
-
193 1977-07-23 12 THE MINISTRY ef Kbrkw—t has takn anplti of Lietom milk Mwitr for micro-bio-logical check* but tit results are not kaowa yet. The nave fallow* rewti from Australia tkat Lactofea is mm ot four hraads of milk suspected of being contaminated witk gastric bacteria, seimooeiU, which193 words
-
352 1977-07-23 12 Reuter JAKARTA. Prl. Indonesia may cancel its plan to export liquified natural ei (Inc) to the United tes u the prospects of marketing In America remain uncertain as they are now, Ing sources said here today. Indonesia might have to sell all itsReuter - 352 words
-
Article179 1977-07-23 12 PROFTT-TAKINQ hit the Stock Exchange of Singapore yesterday causing the Business Times Index to fall 9.23 points the first drop in 13 trading days. The index which measures the day's 10 most active stocks, closed at 389.41 while the blue chip Indicator the Straits Times179 words
-
Article164 1977-07-23 12 KUALA LUMPUR, Frl. Finance Minister Tengku Razalelgh Hamzah gave an assurance In the Dewan Rakyat today that the government would use all available fiscal and monetary means to control price Increases. He was replying to Puan Wan Zalnab Bt. Abu Bakar (NF-Sungel Petanl) who asked whether164 words
-
Article193 1977-07-23 12 AP NEW YORK, Fri. South Korea, a "nation of 36 million, may soon be Asia's second economic power," Business Week says. m its August 1 edition, the magazine says "President Park Chung Hee Is conducting an all-out offensive to build up his country's economic might. Hardly a weekAP - 193 words
-
165 1977-07-23 12 Reuter OSAKA, FYI. The Sanwa Bank said Japan faces growing competition In both domestic and overseas markets from South Korea, Taiwan, Hongkong and Singapore. Competition Is spreading from light Industrial goods, including textiles and general merchandise, to some heavy industrial products such as semiconductors,Reuter - 165 words
-
91 1977-07-23 12 Reuter MANILA. Frl. Japanese Prime Minister Takeo Fukuda has told visiting Filipino journalists that Japan would increase its imports from the Philippines to correct their trade imbalance, according to a published interview here today. The journalists interviewed Mr. Fukuda at his official residence during whichReuter - 91 words
-
Article35 1977-07-23 12 Reuter PRETORIA, Frl. The allItems South African consumer price index rose 0.8 per cent in June, giving an Increase of 11 per cent over 12 months, the Department of Statistics said. ReuterReuter - 35 words
-
Page 12 Advertisements
-
Advertisement180 1977-07-23 12 SEE PAGES S AND 7 s 111 j N kJ>m+ Hi Ilfcn#i>i mmXSSS!! a <$* s ess l-.X it s N N N» Si fltf iliti..l id f^ nn VP IPrWww# kd*wmon*squ«h court*, wHmmmg A wading pooh. Muno tflym, BBQ ptft picnic ffowndi, and Snack Bar. roady around iho and180 words
-