The Business Times, 27 July 1977
1977-07-27
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The Business Times
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Title Section9 1977-07-27 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, JULY 27, 1977 SOCENTS9 words
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NEWS IN BRIEF
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Article68 1977-07-27 1 LONDON, Tues. The outcome of Richard Tarling's appeal against extradition to Singapore will be known on Friday a day later than had been anticipated. In January, Mr. Kenneth Barraclough, the chief metropolitan magistrate, found that Tarling, former director of Slater Walker Securities and chairman of Haw68 words
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Article64 1977-07-27 1 UPI LONDON, Tues. Britain had a post-war record of 1,613,956 persons out of work this month, the nation's highest jobless total since April, 1939, the Department of Employment said today. The total is 6.8 per cent of the working population, and the Increase over the JuneUPI - 64 words
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Article80 1977-07-27 1 Reuter BRUSSELS, Tues. Britain, backed by Holland, today appealed to Its Common Market partners to adopt a more flexible line to prevent the breakdown of exploratory talks on a new world sugar agreement currently underway In London, EEC officials said. British Minister of State Frank Judd toldReuter - 80 words
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Article67 1977-07-27 1 Reuter WELLINGTON, Tues. The Anzus pact Is still the lynchpin of Australia's foreign and defence policies, Australian Foreign Affairs Minister, Andrew Peacock said here today. He told a press conference on his arrival for tomorrow's ppehfng of the Anzus council meeting that the treaty was still a viableReuter - 67 words
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Article86 1977-07-27 1 UPI TOKYO, Tues. A leading Japanese electric appliance maker will soon send a delegation to China to start negotiations on the sales of colour TV receivers and possibly the export of a colour TV set plant, It was announced today. Mr. Toshlhlko Yamashlta, president of Matsushita Electric IndustrialUPI - 86 words
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Article75 1977-07-27 1 UPI NEW YORK, Tues. Stocks headed sharply and broadly lower early today in moderate trading as profit takers cashed in on recent gains for a second consecutive session. The Dow Jones Industrial average, which plunged 9.18 points yesterday in its worst loss In two months, was off 5.19UPI - 75 words
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Chief Price Changes
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Article, Illustration183 1977-07-27 1 GENERALLY easier conditions prevailed on the Stock Exchange at Singapore yeeterday as moot counters again traded slightly lower from overnight levels. However, against the general trend, Groat Eastern Life Assurance leaped from |7.3 i to ».00 oa a solitary married deal and raieod the Straits Tiao Industrial183 words
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Article112 1977-07-27 1 Falls Alnni f\ q 1.43 4.40 -.11 10 Most active (•uhMio HI MM uiympui Petallng OlympU 230.000 Bolton 1.05 -.08 -.08 -.08 C. Securities 207,000 WttTDC 3 00 8*1 Coconuts 100.000 81me Darby 3.40 Total Turnover:- 3.00 M Intraco 2.25 -.07 Total Value: MS 5.61 M 8.11.112 words
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Article1060 1977-07-27 1 JOHH TAN - ASSURANCE ON-WEARNES »y JOHH TAN MERCHANT BANKERS Baring Sanwa Multinational Ltd has assured Wearnes shareholders that the offer for sale of 6.37 million shares by one major shareholder does not mean the company has become less attractive as an Investment. On the contrary, Wearnes1,060 words
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Article110 1977-07-27 1 THE Singapore dollar continued to strengthen against the US unit on the foreign exchange market here yesterday. The U8 unit fell below $2.43 and hit *2.42 at one stage In the face of selling pressure. Profit-taking In late morning failed to halt the US dollar's decline110 words
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723 1977-07-27 1 UPI TAIPEH, Tues. Extensive damage caused by typhoon Thelma, which hit Taiwan for only iVfc hours yesterday, may force the government to revise downwards its 1977 economic growth target 0 f 8.5 per cent. The extent of damage to the island's electricUPI - 723 words
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275 1977-07-27 1 TWO MORS foreign banks haw been offered offshore branch licences in Singapore. They are State Bank of India, India's largest commercial bank and the Wells Fargo Bank of San Francisco. These two institutions bring the total number of commercial banks here with blanches to275 words
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Article126 1977-07-27 1 TOKYO, Tuss. Young female employees might be an Important factor boosting stock prices of companies they work tor, a private Japanese research Institute says. According to a recsnt survey conducted by the Nomura Research Institute, female workers accounted for 41 per cent of the total employees126 words
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245 1977-07-27 1 FIFTEEN to eliteou tetter* of credit (LCe), totalling about 87.5 millioa and purportedly drawa the Singapore branch of the Banque Nationals do Paris (BNP) have crspned up in Taiwan and Hongksng. Business linn, undei stands that although those have hosn prooenlod to245 words
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Article39 1977-07-27 1 Reuter KOftOKONO, Tues. Hongkong's visible trade deficit narrowed to HKS2SO million (*****.4 million) In June from $307 million In May. This compares with an $84 million deficit in June 1976, provisional Census and Statistics Department figures show.Reuter - 39 words
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359 1977-07-27 1 SALES of colour television and radio sets in Singapore have slowed down considerably this year and dealers have intensified the price war to keep their share of the shrinking market. According to Mr. Foo Kin Sack, president of the Radio and Electrical359 words
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Article210 1977-07-27 1 AFP BRUSSELS, Tues. Wllhelm Haferkamp, the EEC commissioner In charge of foreign relations today said the European Economic Community would avoid any commitment to a precise timetable for the final phase of the "Tokyo round" of trade negotiations. He gave an assurance to this effectAFP - 210 words
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Page 1 Advertisements
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Advertisement18 1977-07-27 1 U Royal Insurance looks after you. Fast 18th Fir., Ocean Building, CoHyer Quay, Singapore 1. Tel: ***** *****1. @.<->[;:.`(_`\~.;{${`}=>`;<\{*|18 words
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Advertisement129 1977-07-27 1 and give yourself •rni l advantages There are so many banks operating in Singapore. And most of them offer the same or similar facilities. So you may well ask, why should I bank with Chase? The answer is service. The Chase commitment to service is very real. It is manifest129 words
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Advertisement256 1977-07-27 1 NOW Coot fteaftfy. poKufoo h t -e J Ormng m PWU -.mARUGnu MASTER wwe* m caNomoNCR MRPUNFW The Lextkofi 90 combines the advantages of the golfbaH and the ordinary typewriter. Lexikon 90 offers you the best of the golfball and fixed typing point machines The new Olivetti Lexikon 90 is256 words
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424 1977-07-27 2 NYT WABHINQTON, Tues. Citing reports that the nation's oil companies may be overcharging consumers by billions of dollars, the Federal Energy Administration has announced that it, would launch an intensified audit of the 15 largest, refiners. Heading the investigation, which IsNYT - 424 words
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127 1977-07-27 2 Reuter ANCHORAGE, Tues. Oil from Alaska's North Slope oilfields Is expected to arrive at the southern terminus of the Alyeska pipeline on Thursday or Friday, the pipeline company said yesterday. Alyeska Pipeline Service Co. said that despite {roblems In opening the .300-km pipelineReuter - 127 words
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Article28 1977-07-27 2 Reuter LIMA, Tues. A majority of miners appear to have reported for work normally yesterday in Peru's stateowned copper mines despite a union strike call-Reuter.Reuter - 28 words
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195 1977-07-27 2 Reuter ANCHORAGE, Toes. Ten CUmw petroleum expert* have ended a quiet month-long tear ef U8 petroleum industry, including Alaskan oil field operations. The Mijirtwi left on Sunday nftsr a national tour. accordbtf to the private. non-profit National Council for United States-China TradeReuter - 195 words
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Article33 1977-07-27 2 Reuter WASHINGTON, Tues. The General Services Administration said no bids were received for stockpile tin at the higher price of U894.97 (St 12) per lb, basis grade "A" metal. Reuter.Reuter - 33 words
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676 1977-07-27 2 AP LOME (Togo), Tuee. Finance ministers from 16 west African countries began meeting yesterday to ratify a US$5O million (***** million) fund for a common market to which they are now committed tn the economic Community of West African States (Bcowas), embracing 130AP - 676 words
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709 1977-07-27 2 NYT WASHINGTON, Tues. In a major new study, the General Accounting Office (GAO) yesterday charged that the Carter energy Brogramme has slgnlflcantr overstated its probable achievements to the extent that oil Imports could rise instead of fall between now and IMS. By IMS, theNYT - 709 words
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357 1977-07-27 2 UPI WASHINGTON, Tues. Major grain exporting nations could help stabilise world grain prices by swapping information on sales to the Soviet Union and limiting deliveries to Russia when necessary to protect other customers, a widely known economist Mid In a report published yesterday. TheUPI - 357 words
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Article, Illustration244 1977-07-27 2 Reuter WASHINGTON, Tues. US Budget Director Bert Lance, (above), one of President Carter's closest confidants, received a fresh vote of confidence yesterday from a Senate committee after defending a US$3.4 million (818.3 minion) personal bank loan he obtained. Mr. Lance, head ofReuter - 244 words
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82 1977-07-27 2 Reuter UNITED NATIONS, Tues. Twelve countries have failed to reply to inquiries by the UN Security Council's sanctions committee about possible violations of the embargo against Rhodesia. The 12 Belgium, Brazil, Gabon, Liberia, Liechtenstein, Monaco, Panama, Portugal, Switzerland, South Africa, Zaire and Zambia hadReuter - 82 words
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514 1977-07-27 2 Reuter PARIS, Tues. An international tribunal has granted France a larger share of the English Channel than It would have obtained through negotiations with Britain about delimitation of the Continental Shelf, chief French negotiator Mr. Ouy de Lacharriere told a press conference.Reuter - 514 words
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Article177 1977-07-27 2 AFP BRUSSELB, Tiies. Negotiations on Greek membership In the European Common Market (EEC) are dragging along despite the Athens government's attempts to speed them up. Official optimism was voiced by both parties after the latest session here yesterday, but there was no real progress. TheAFP - 177 words
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Article70 1977-07-27 2 Reuter LONDON, Tues. Russian imports of oilseeds more than quadrupled in 1970 resulting from a five-fold Increase In soyabean imports, mostly from Brazil, according to the Hamburgbased weekly publication "Oil World". Out of total Imports of 1.83 million tonnes of all oilseeds In 1976, compared with 423,500Reuter - 70 words
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Page 2 Advertisements
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Advertisement56 1977-07-27 2 cAn Enduring Relationship 3>» MWm -v. K: V s i. ■K W -a /K «jk A\ Enduring Taste SALKiNAC I)(.: N AC' i < 0 d J < SPECIAL V This attractive J "f 1 OFFER table top lighter P 3 V* -Vv'V;< FREE with every bottle vou buy Otter56 words
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Page 2 Miscellaneous
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Miscellaneous337 1977-07-27 2 WEATHER report Cor 24 hoar* prior to 7.30 p.m. an July X at Singapore airport. Maximum Temperature S2.2°C Aoooeiotod Humidity tt Minimum Temperature 2SJ°C Aooooiated Humidity M Houn of Bunehine f.70 RainffcU ia Millimetreo Nil Total Rainfall far the Month 106.4 Total Raiay Dayo fbr the Month 10 SINGAPORE 5337 words
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284 1977-07-27 3 Reuter BRUSSELS, Tuei. The EEC Commission will discuss plans for Community guarantees on new Investments by EEC companies for extracting and processing raw materials in developing countries at Its meeting here tomorrow, Informed EEC sources said. Proposals by Commission experts will beReuter - 284 words
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Article154 1977-07-27 3 Reuter PARIS, Tues. The Bank of France bought 1.9 billion francs (880.98 billion) of first category paper at Csr cent, down ft point em last week's tender, dgglers said. The paper, maturing between Aug 21 and 30, had been reserved from the previous tender,Reuter - 154 words
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Article32 1977-07-27 3 Reuter ZURICH, Tues. Switzerland's foreign exchange reserves rose 81 million francs to 12.25 billion (5182.6 million to $12.49 billion) in the week ended July 22, the National Bank said. Reuter.Reuter - 32 words
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Article29 1977-07-27 3 Reuter CHICAGO, Tues. The First National Bank of Chicago said it is maintaining its prime rate at 6-% per cent for the balance of the week. Reuter.Reuter - 29 words
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Article419 1977-07-27 3 UK ECONOMY FORECASTS Reuter LONDON, Tutl. Economic Models Ltd forecasts that the UK economy will perform better over the next five years than most other major Industrial nations with relatively steady growth, rising living standards and a declining rate of inflation. In a report,Reuter - 419 words
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709 1977-07-27 3 NYT NEW YORK. Tues. A special research programme of the Internal Revenue Service has disclosed that the willingness of «maii businesses and corporations to pay their taxes has slipped to dismally low levels. According to the IRS, the smallest companies pay barely moreNYT - 709 words
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Article102 1977-07-27 3 Reuter LONDON, Tues. Imports of Egyptian cotton yarn to the UK will be limited to 228 tonnes, and to the EEC as a whole to 4,814.5 tonnes between July 1 and Dec 31, 1977, the Department of Trade and Industry said. The move follows recent sharp increasesReuter - 102 words
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403 1977-07-27 3 Reuter ROME, Tues. Senior bankers and foreign exchange dealers here pin hopes for the Italian economy and the lira this autumn on a reinforcement of the mark's upward movement and on economic expansion in West Germany. The Italian economy is expected to showReuter - 403 words
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Article61 1977-07-27 3 Reuter WASHINGTON, Tues. Yields fell at yesterday's regular weekly auction of three-and six-month treasury bills, the Treasury Department said. The average yield on the three-month bill fell to 5.183 per cent at yesterday's auction from 5.214 per cent the previous week. The average yield on theReuter - 61 words
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Article, Illustration814 1977-07-27 3 NYT LAHORE, Tues. Pakistan has begun a search for new sources of international financing to help it battle a growing budget deficit the legacy of months of political chaos and natural disasters. The disorders, rioting and accompanying general strikes, coupled with widespread floods, haveNYT - 814 words
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382 1977-07-27 3 Reuter NEW YORK. Tom. The Interactional Banking Act of 1977 BUI will practically destroy the foreign banking industry in the US if it is passed in its areeent form. US Institute ef Foreign Bankers Chairman Marie de Luca said. The bill aimsReuter - 382 words
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Article, Illustration594 1977-07-27 3 Agencies LONDON, Tues. Could the new weakness of the dollar bring the 2ft-year bull market in Eurobonds to a halt? Only traders who lived through the currency crises of the early 1970's and saw bond prices slashed overnight are worried. They are now the minority; theAgencies - 594 words
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391 1977-07-27 3 Reuter OTTAWA, Tues. Canadian Finance Minister Mr. Donald Mac Donald said the government will be unable to hold Inflation to the six percent maximum target set for the second year of the federal anti-inflation programme. "It's now clear we're not going to make theReuter - 391 words
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Article81 1977-07-27 3 AFP BOGOTA (Colombia), Tues. A high-level conference will be convened here soon to seek stabilisation of coffee prices on International markets, informed sources said today. The talks would bring together consumers and producers at the Initiative of Colombia and Brazil, the world's two largest coffee growers. TheAFP - 81 words
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Article124 1977-07-27 3 Reuter LONDON. Tues. UK inflation is expected to fall to 13.7 per cent by mid-1978 while US Inflation will steady between 6.5 and 6.75 per cent over the next 12 months, according to a survey published by the American Express International Banking Oroup (Amex). TheReuter - 124 words
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Page 3 Advertisements
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Advertisement97 1977-07-27 3 fuun MM FURfIITURE For OFFICE EQUIPMENT and QUAUTY SHELVINGS II I XI I T fr-lH aA complete range of quality office furniture and equipment consisting of desks, cabinets, chairs and al other office requirements. OEM open and closed type shetvings provide flexible load carry capacity for every storage need. Al97 words
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880 1977-07-27 4 THOUGH property stocks were generally depressed In line with the conditions In the private property markets In Singapore and Malaysia, two Malaysian based shares Bandar Raya and Pacific Development Credit chalked up surprisingly large price gains over the first six months of this880 words
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COMPANY MEETINGS
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Article20 1977-07-27 4 Fraser Neave Ltd.: THE following company meetings are due: July 29, 12 noon, OCBC Centre (19th Floor), Chulla Street, Singapore.20 words
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Article29 1977-07-27 4 July 29, 3.30 p.m., Registered Office, 73 Beach Street, Penang. CTD Resources tire op Ltd.: July 30, 12 noon, 4701 OCBC Centre, Chulla Street, Singapore 1.29 words
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Article17 1977-07-27 4 Aug 1, 9 a.m., Registered Office, No 45 Spottlswoode Park Road. Singapore 2.17 words
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Article23 1977-07-27 4 Ltd.: Aug 4, 11 a.m., at the Office of John Buttery fc Co., Sandllands House, 100C Paslr Panjang Road, Singapore.23 words
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Article, Illustration364 1977-07-27 4 KUALA LUMPUR, Tues. Mr. Stephen S.V. Wong president and managing director of BritishAmerican Insurance (Malaysia) Sdn. Bhd., has become the first Malaysian to qualify as an actuary. He has just become a Fellow of the Society of Actuaries in the United States, which has364 words
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Article218 1977-07-27 4 Current Ex Dat* Total for Total for payment Date 0 payable the year previous yeoi Peri Malaysia 20% July 5 July 28 20% 20% Public Bank 8.5% June 24 July 28 8.5% 8% Fraser Neave 12% July 7 July 29 18% 17.1%a Berjuntai 00% July 1 July 29218 words
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332 1977-07-27 4 HIGHLANDS AND LOWLANDB will make a Kflt of MS3.S3 million on proposed sale of about 165 hectares of Highlands Estate to Chi Llung Holdings of Malaysia for $10.84 million. Replying to queries from the kuala Lumpur Stock Exchange, the company says the332 words
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239 1977-07-27 4 KUALA LUMPUR, Tues. A major British chemicals company, Albright and Wilson Ltd.. has acquired for ftfs3 million cash, the share capital of Josen Chemical, an unquoted Malaysian company which manufactures thermal phosphoric add. According to a release here today. the project has been239 words
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Latest result
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Article57 1977-07-27 4 Au- (Sited pre-tax profit Ml3.54 million for the 16 months ended April 30, 1977 compared with $786,585 for the year to Dec 31. 1075. Tax $03,000 (824,607) leaving after-tax profit at 83.45 million (8761,868). Final dividend five per cent tax exempt making 10 per cent for the 16-month57 words
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Article1031 1977-07-27 4 JOHN WICKS - THE C.F. BALLY AFFAIR By JOHN WICKS FT THE HIGH drama surrounding the Bally shoe concern and Its major shareholder, the Zurich holding company Syndlkats AO which has been In control of C.F. Bally AO only since January but already owe* Bally something over £10 millionFT - 1,031 words
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858 1977-07-27 4 NYT NEW YORK, Tues. Ell Broad, chief executive officer of Kaufman and Broad, the nation's largest builder of single-family homes, thinks Wall Btreet Is wrong about his company today Just as he thought In April 1972. Kaufman and Broad stock closed at 8NYT - 858 words
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693 1977-07-27 4 FT JOHANNESBURG, Tues. There's a growing mood of confidence spreading through the Johannesburg financial community. The performance of the stock market over the past few months seems to indicate that the bad news has been fully discounted. Over the past week, turnover has increasedFT - 693 words
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Article1266 1977-07-27 4 V.,,*. n July 25 TRADING In options on the Chicago Board options exchange on Monday came to 77,477 contracts compared with 76.227 contract* on Friday. y OPTION OCT JAN APL STOC Alcoa 50 s rsTRjp AtRD 54 Alcoa 60 9/16 11/4 jjj/8 54 Am Exp 35 UNTRD1,266 words
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Page 4 Advertisements
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Advertisement66 1977-07-27 4 u iiti m s MNfei**";;* v,ir A>->, •V «cr \A>. —M— M WSJ IF! 1) IK AVI I it If i t 9 ■s™ T vsr.. its »xV v ',r-. v;n^ I < ■.»n 3 »Mefcfc- f fSiS* j» JT t »i r™7^^7»wwri ......*JL.iL: 3LLIZ*Z_I >, < P '-<" 166 words
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COMPANY NEWS
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276 1977-07-27 5 NORTH AMERICAN COMPANIES Reuter LOCKHEED AIRCRAFT said It had strong gains in orders and backlog in the first half of 1977, although its profit was flat. Second quarter profit was US$ll.9 million, or 91 cents a share (80 cents diluted), up five perReuter - 276 words
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Article63 1977-07-27 5 Reuter TRANS WORLD AIRLINEB said directors declared the first dividend of 32.194 U8 cents on TWA's new series B, $1.90 cumulative preferred stock. It said the stock was first issued on June 30 so this represents a pro-rata share of the regular quarterly dividend 47.5 cents. The dividendReuter - 63 words
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Article200 1977-07-27 5 Reuter MINNESOTA Mining and Manufacturing made net earnings of US$lOB.5 million or 94 cents a share in the second quarter this year, up from $95.5 million or 83 cents a share in the 1976 quarter. Sales also Increased to $1 billion from $891.7 million last time. TheReuter - 200 words
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Article228 1977-07-27 5 Reuter TWO MAJOR US copper producers have reached agreement with striking copper workers while three others are still out, industry circles noted, in summing up the latest position. The two which have reached agreement are Newmount Mining and Kennecott Copper. The three still on strikeReuter - 228 words
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Article357 1977-07-27 5 UK COMPANIES Reuter INDUSTRY SECRETARY Eric Varley told Parllment British Leyland will receive a further £100 million of government finance following the recommendation of the National Enterprise Board. He said the National Enterprise Board recommended that It should be allowed to release further loans ofReuter - 357 words
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Article583 1977-07-27 5 FT THE CROWN AGENTS raised the operating surplus on their traditonal purchasing and other services for overseas governments by £6.9 million to ClO.l million In 1976. But It may be 1986 before they finally wind up their disastrous pre-1974 foray into property and secondary banking. TheFT - 583 words
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Article156 1977-07-27 5 Reuter REPUBLIC STEEL reported lower earnings (or Its second quarter, but said It did not expect a drop in steel shipments for the second half as the Industry experienced last year. Republic's second quarter earnings totalled U5522.18 million, or $1.37 a share, down eight per centReuter - 156 words
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Article139 1977-07-27 5 Reuter MOTOROLA INC., an electronics and home entertainment company, reported a 20 per cent gain In its second quarter profit. The gain was attributable to sales and earnings from traditional product operations of each of its major groups and divisions. It said "specially significant contributions" wereReuter - 139 words
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Article324 1977-07-27 5 Reuter ASHLAND OIL said gains in Its petroleum, Canadian oil and gas and coal operations helped boost third quarter earnings by 17.5 per cent. Ashland, a major Independent oil company, said its third quarter profit totalled U5536.2 million, or $1.23 a share, up from $30.8 millionReuter - 324 words
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Article110 1977-07-27 5 Reuter THE MUNICIPAL ASSISTANCE CORP (MAC) for the City of New York approved a US$2 1/2 billion exchange to New York City Banks pension and sinking funds. Snder the proposal, ders would exchange $1.7 billion of MAC bonds they currently hold at six per cent Interest,Reuter - 110 words
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201 1977-07-27 5 Reuter AMSTERDAM. Tues. Hoffmann-La Roche must repay the excess charged for Übrlum and vallum In Holland over the past three years In addition to reducing the price in future, a decree by the Economics and Health Ministries said. A company spokesman declined to comment onReuter - 201 words
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Article80 1977-07-27 5 Reuter SYDNEY, Tues. Thomas Nationwide Transport (TNT) said Its TNT Overseas Finance NY unit will make a US$2O million, nine per cent 10 year Eurobond issue at par. An International syndicate managed by Hambros Bank Is underwriting the Issue and the bonds will be listed on LuxembourgReuter - 80 words
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Page 5 Advertisements
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Advertisement754 1977-07-27 5 *J-Ji)\W Luxury homes for sale from Mansfield Property Services. Four spacious luxury homes situated on Gallop Road near the Botanic Gardens represent a unique and soon to be an unheard of real estate opportunity. Land being at the premium it now is, these four homes are the last chance Singaporeans754 words
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Article2272 1977-07-27 6 itn Wgk U> Ceepeey Last Sak •fer* Ck't dir Dfcr e'rr Gr's C N« P/E V«1 C888) Day High Law SECTION ONE INDUSTRIALS 154 204 96 230 101 198* 109 223 390 171 136 172 58 212 57 155 152 182 350 145 Aetna Alcorn Allied Choc2,272 words
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Article1398 1977-07-27 6 ■ED and offsr prices offldftlh MM and bMtaM la and reported to thm Stock Baetiange of Hnppon ysetsrday wtth the number ofsbarsa traded tfwwn in brackaU in lota of IMO unit* wnlwa otberwiae specified All Tims Settlement Contracu an quoted altar Um word "Satt." Ma Board (Wall1,398 words
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Article1556 1977-07-27 6 BID and offer prices officially luted and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown tn brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS Asm* (1 ♦OB). AJlnamate (1 988 2 048) Aleam (1.86B). A.1,556 words
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Article39 1977-07-27 6 STRIKING prieaa of tha alack apttaoa officially liatad aa th. Stock Exchaac* of Sin®*pore, the p«ri>*«, Md ami «Mr prieaa and huaiaaaa dna yaauxday, with the nuaber aI option* tnM shown la braeheta. Inchcape (Sept $2.40) (0.168).39 words
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Article140 1977-07-27 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Pin i MIimI prk* The Commerce tar 17) INCOME BOND 1.06 1.12 1.72 1.82 The Saving Fund ON 103 MARA BUMIPUTRA FUND S'pore Prof Fund 0 85 0.90 (MtaAgm' pricM tar i*ty 27) S'pore Security Fund S'pore Invest Fund 1.57 1.86 1.02140 words
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Article137 1977-07-27 6 B 0T 8 1/2% 1981 (100,000) (1038 103' iS) B O T 7 VB% 1984 (1004)00) (*****H5) Credit Lyonnaia Floating <983 (100.000) (MSB 99'%5) DBS Converu 6 1/2% 1991 (100.000) (98*B 98) D B S 8 1/2% 1982 (100.000) (101 SB 102'45) E I B 9% 1982 (100.000)137 words
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Article118 1977-07-27 6 Rep Spore D Mark 7% 1982 (100.000) (100 SB 101HS) Rep Spore 6 1/2% 1983 (100.000) (99V,8 100S) Rep Spore 7 3/4% 1987 (100.000) <100%8 101 *S) 5 1/4% 15/7/78 (250,000) (101.508 101.575) 4 3/4%' 1/5/79 (250,000) (100.838 100 955) 5 1/4% 15/10/79 (250.000) (101.958 102.055) 5 3/4%118 words
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Page 6 Advertisements
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Advertisement176 1977-07-27 6 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who176 words
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Article, Illustration658 1977-07-27 7 GENERALLY easier conditions prevailed en the Stock Exchange of Singapore Teeter day as Met coasters again traded slighter lower from overnight levels. Scattered selling reduced both the share pricee and the volume of bnaiasss dene In the abaence of any significant baying interest. Supply excssiel demand aa reflected658 words
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Article384 1977-07-27 7 SELLERS continued to exert an easier Influence on the Kuala Lumpur stock market yesterday. Most of the selling was attributed to weak holders relinquishing their commitments on account of scrip arrivals. Profit-taking in a handful of the volatile Issues also caused values to slip. However, there was an384 words
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INTERNATIONAL STOCK MARKETS
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Article352 1977-07-27 7 HONOKONO: The market doted lower on Tueeday with persistent selling on blue chips on very little support In moderate trading, dealers said. The Hang Seng Index drqpged 4.44 points to eloee at Beagkeng Beak fell 10 cents to $17.60, Jardiae Milfcssw and Swire Pacific (ell 20 cents each to352 words
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Article530 1977-07-27 7 TOKYO: Share prices fell on Tuesday, with blue chips leading the fall In the absence of fresh market factors, dealers said. The Dow Jones average lost 19.82 to 4,918.57 with volume 160 million shares. The New Index closed at 370.95, down 1.04. Electrlcals, autos and precision Instruments fell sharply530 words
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Article379 1977-07-27 7 SYDNEY: The market closed mixed on Tuesday with BHP recovering 14 cents to $9.94 on turnover of some 78,000 shares, dealers said. The Bydney All-Ordlnarles Index dropped 0.62 point to close at 449.02. Celee eased one cent to $1.68 after results while Myers fell six cents to $1.94 and379 words
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Article171 1977-07-27 7 MANILA: Oil shares were very active on Tuesday, after reports from the Energy Development Board of oil flows In the South Nido well of the Cities Service Consortium, dealers said. Ofieatal Petroleum Co, which has a share In the consortium, headed by Pkilippiaos CUn Services, rose seven points to171 words
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Article99 1977-07-27 7 Wlil Asia Fibre 196 >4 Banckok Bank Ml >4 wwi wr-*f xn ♦2 pollt*n Bank Bata 830 19 BertlJuckcr S76 ♦10 Charoonf Thai W Ire 1(1 Dumei DusitTham 221 ♦T Fiber Merlin First Trust Indo-Thal 1M Industrial Finance Corp 1229 urvch J And J Ho 290 +1 JalapraLhan Cement99 words
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Article287 1977-07-27 7 AMSTERDAM: The market closed generally steady In very dull conditions on Monday, with AKZO, Unilever and Reyal Dutch slightly higher and Heogvveae and Philips edging lower In Dutch internationals Elsewhere IHC and ELM were weaker with losses of 1.00 and 1.60 guilders respectively. The rest of the market showed287 words
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Article168 1977-07-27 7 BRUSSELS: The market was mixed to lower in quiet trading, dealers said on Monday. Societe OoaorsU and FN were the main local risers, while Asturienae. Cocker ill, Vieille Nooupe and Haiaant-Saabre were among Issues to fall. UK, German and U8 stocks fell. Oold mines were mostly higher, and French168 words
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Article310 1977-07-27 7 FRANKFURT: Shares mainly ioet ground in uncertain trading following the latest dollar weakness, dealer* said on Monday. Export orientated auto abarss fell with BMW dropping 2.10 marks and VW 1.90. Banks lost up to three marks, led by Bayeravereia engineerings, uUttttss and slsetrfcals mainly fed, although BBC gained 1.10310 words
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Article143 1977-07-27 7 MILAN: The market drifted lower in quiet conditions on constant selling pressure on Monday, bringing prices near the year's lows, dealers said. All leading industrials fell apart from an unchanged Pirelli E.C.. Major banks. Insurances flnancials were also lower. Bonds were quietly steady. JULY a Lire Ante 158 -7143 words
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Article310 1977-07-27 7 PARIS. The market eased in quiet trading following a report by the national statistics institute forecasting reduced industrial production In coming months, dealers said on Monday. Banks firmed slightly against the trend while foreign stocks were mixed. JULY n Fn OORBEILLE Air-Liquid* B S N Oenrals Danone 457 -10310 words
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Article295 1977-07-27 7 ZURICH: The market closed generally steady apart from a few special movements In moderately active dealings, dealers said on Monday. The main interest centred on flnancials. Both Bally stocks weakened on the possibility of the sale of the spare parcel held by Its vice-president Mr. Werner Rey, dealers added.295 words
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Article360 1977-07-27 7 JOHANNESBURG: Oold shares were mostly steady at higher levels reached on firmer bullion Indications and small overseas buying, but volume was low, dealers said on Monday. Financial minings were quietly harder in line with producers Do Beers gained three cents to 470. Coppers were mostly unchanged and platinums steady360 words
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Article356 1977-07-27 7 TORONTO: The market vis broadly lower after a day of light trading, with the composite index off eight points on Monday. Declining issues led advances 218 to 171. Among Issues reporting earnings. Montreal Trust eased 1/4 to 12 a/4, Imperial Oil shed 1/8 to 22 7/8 B.C. Packers B356 words
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Article1239 1977-07-27 7 NEW YORK: A slx-day-oKU stock market rally came to a halt on Monday as prices turned broadly and sharply lower in fairly active trading. Profittaklng got most of the blame for the downturn. But analysts also noted renewed concern about a possible slowdown In the rate of economic1,239 words
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Article62 1977-07-27 7 FINANCIAL TIMES INDUSTRIALS Monday 437.2 Friday .431.5 Week Ago 450.5 DOW JONES AVERAGE INDUSTRIALS Monday 914.24 Friday 923.42 Week Ago 910.00 LONDON DOLLAR PREMIUM Monday 111%. to 112* Friday Ill* to 111* H.K. HANG SENG Monday 418.47 Friday 419.30 Week Ago 427.98 8YDNEY INDUSTRIALS Monday 388.79 Friday 371.75 Week62 words
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Page 7 Advertisements
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Advertisement333 1977-07-27 7 BUSINESS TIMES Airline Directory AlvHnW 110-112 Shaw Cwihi, Orchard Rood, Sinnp»w (Tal: 377.111) C#yfoft 302-1, 3rd Hoot, Marina Hhn Shantan Way, ftypwi (1) (Tal: ***** M) Air Franca Ground Ftaar, ICO I wilding, Shantan Way Siniapin 1 (Tel: *****11) Air India 14th Flaar, UIC I wilding, Shan ton Way, Singapara333 words
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COMMODITY REPORTS AND PRICES
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Article427 1977-07-27 8 OPENINO prices were marked down 0.50 cent on the Singapore rubber market yesterday following easier London advices, after which the market lost further ground on stale bull liquidation, dealers said. However, past midday, shortcovering was evident at the lower level to check the decline, they427 words
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Article30 1977-07-27 8 Kubber: July 26 Singapore: August 192.75 cts (down 2.25 cts.) Malaysia: August 193.75 cts (down 2.50 cts) Tin: $1,C15 (op 134) Official offering: 291 tonne* (up 21 tonne*)30 words
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Article296 1977-07-27 8 Prices In cent* per kilo yesterday: Noon Close (per kilo) (par kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 192 00 193.00N 191.29 192.29N Int. 1 R.S.8. August 193.90 193 75 192.75 198.00 Int. 1 R 8.8 September 194.75 195.00 194.00 194.29 Int. 2 R.8.8 191.00296 words
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Article90 1977-07-27 8 NOON SSR a nd SMR prices yesterday E.A.8. abi (Cam put MMtk) Be* (Fsrwi udMU) Buy«r» Mlsn P«h«) Buy en Aiki SSR 20 (1 -ton Pallet) 191.90 193.50N 192.50 194.SON S8R50 (I--ton Pallet) ln.so 190 SON 189.50 191.SON SMR5CV <1--ton Pallet) 214.00 218.00N 214.00 216.00N SMR 5L90 words
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Article458 1977-07-27 8 COFFEE bean prices continued to ease on a generally quiet Singapore produce market yesterday. Trading volume was minimal and still confined to local and neighbouring countries' consumer accounts. Going by the nominal prices ilven by the Singapore Chinese Produce Exchange, all grades of coffee were marked down by458 words
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Article203 1977-07-27 8 BANGKOK, Tues. Indicative prices quoted here were: White Rlm: 100 per cent Ist cltM 300 100 per cent 2nd ISO 100 per cent 3rd 2SB 3 per cent 177 10 per cent IS3 IS per cent 380 SO per cent 247 25 per cent 238 35 per cent unq203 words
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Article284 1977-07-27 8 HONGKONG, Tues. The cotton futures market closed lower In a more active closing call, following the overnight decline In New York, dealers said. March delivery was actively traded on commission house new selling and trade house short covering, closing 1.67 US cents lower, they said. Other months closed284 words
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Article51 1977-07-27 8 C.I.r. Rotterdam. US dollars per ton. LONDON: Malaysia 5% (fa bulk Sept Sumatra 5* July Aug Sept Oct Nov Nigerian 5* ffa bulk ROTTERDAM: Sumatra August Zaire Belg francs per kilo I I iliii i ii unq 910 pd 566Mr 54&/560 552-50 air 531 p 525 sir unq51 words
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Article274 1977-07-27 8 LONDON, Tues. Terminal cocoa closed the first call £24 down from last night (near September at £2,795) to £12 higher, having eased back from early Sains of up to £31 eptember at $2,850. Dealers attributed some of the Initial support to arbitrage covering against yesterday's limit decline In New274 words
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Article212 1977-07-27 8 THE Straits tin price In Penang yesterday was up $34 to $1,615 on an official offering up 21 tonnes to 201 tonnes. In LONDON yesterday morning, tin closed around £3 per tonne down for cash and £1 lower for Three Months standard metal. High grade was £18212 words
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Article277 1977-07-27 8 LONDON, Tues. Terminal sugar recorded opening call losses from yesterday's close of £1.10 per tonne (May at £127.15) to £0.80, although prices were modestly up from kerb levels on trade support. They said background uncertalnlty Is being caused by the continued discussions on reserve sugar stocks by leading world277 words
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Article423 1977-07-27 8 LONDON, Tues. Futures ended the opening call steady, mostly £7.00 to £40 down from last night. Spot July, however, was an exception and rose £15. 604 lots were traded. Dealers said there were no outstanding features In early trading and little evidence of yesterday's late producer support. However, the423 words
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Article138 1977-07-27 8 CHICAGO, Tues. Soybean futures declined in light dealings yesterday and after an hour of trading, the August was off 22* cents a bushel while new crop months were down 17 to 14 cents. Soybean futures finished above the day's lows but ended the session with losses of 16 cents138 words
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Article49 1977-07-27 8 CHICAGO, Tues. Wheat futures weakened In thin early trading yesterday and were off 3/4 to 1/2 cent a bushel. Wheat futures were down 1 1/2 to 3/4 cent a bushel at the end of the sseslon after trading In about a one cent range below last Friday's close.49 words
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Article292 1977-07-27 8 LONDON. Tuee. Copper lost mostly £2.50 per tonne for wire bars. Sentiment on the pre-market was subdued by the overnight news of a tentative agreement at Cities Service, the easier trend In gold, and quiet outside conditions, dealers said. But prices held steady In the ring with selling well292 words
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Article214 1977-07-27 8 LONDON, Tues. Silver finished with losses of 0.6 to 0.8 pence per troy ounce. Following an initial premarket trade at 276.1 pence for Three Months which reflected the overnight Sns at New York, values fted lower. Dealers said the easier trend In gold touched off profit-taking with the bullion214 words
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Article357 1977-07-27 8 THE Singapore gold market opened sharply higher yesterday at 8811,530 following a US$2.OO rise In the US market. The market fluctuated violently as profit-taking set In to bring the price down* to a low of 8811,455 before recovering slightly to close at 8811,488. The market cloeed on an uncertain357 words
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Article81 1977-07-27 8 LONDON, Tues. Zinc In the morning was £3.25 and £2.50 down for cash and Three Months. Three Months traded at £323 to £322 to £323. Ring sales totalled only 850 tonnes. On Monday afternoon, sine was £3.90 up for cash and £2.90 higher for Three Months Dealers said the81 words
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Article90 1977-07-27 8 LONDON, Tues. Lead was £4.25 down for cash and £5 lower for Three Months. Three Months eased under long liquidation in the pre-market from £331 down to £324 per tonne before holding steady In the ring to finally trade at £327. Ring sales were 2,500 tonnes, about half of90 words
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MONEY AND EXCHANGES
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Article514 1977-07-27 8 THE U8 dollar slipped below the 582.43 barrier and hit $2.42 at one stage against the local currency on the Singapore foreign exchange market yesterday. From the opening of $2.4340/80, the dollar sank in the midst of heavy selling to touch $2.4280/90 at one stage during the early morning514 words
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Article50 1977-07-27 8 Afnr tfe «v, IImmm Rank «V. Citibank »v, Bangkok Bank H.nk at America 7 f V, HSBC J r «v. 7 «H Malayan Banking. Mitsui Bank «H Hank Niftri Indooaaia T OCBC OUB «H Cktrtmi Bank Cfcaaa Nukattu DBS «v, m UCB UMBC UOB 7 ..7 «Vk50 words
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Article162 1977-07-27 8 Asian rates ASIAN currency deposit Interbank rate* u at ctoae on July 26 US Oath Offcr -ar 7 days S VI 9 1/2 1 mth 5 VI 5 1/2 2 mtha S V6 5 va 3 mtha a lvia a ii/ia mtha 1/16 a l/ia mtha via a via 11162 words
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Article45 1977-07-27 8 RANOE of pcleet offered by dla bouM* on July 26 Overnight 1H to 9H Call deposit 3* f J-Month Treasury bUJ 3-Month s S7/B Bank bUte 41/1* 11VU 3-Month CD •-Month CD 4 7/16 4 S/l 4S/14 4 1/1 Source: National Discount Co. Ltd.45 words
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Article124 1977-07-27 8 Euro rates LONDON, Tues. Trading in Eurodollar deposits was light at the outset, dealers said, with few outside Influences Time deposit rates opened basically unchanged at last night's closing levels, and have held stsady In low volume trading with light rollover business and small Par Eastern interest. The Three-Month rate124 words
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Article232 1977-07-27 8 LONDON, Tues. The dollar was Indicated lower at 2.2440/50 marks against 2.2482/92 overnight, dealers said. Opening trade was basically subdued with one or two nervous sales moving the rate down, reflecting its downtrend in Europe this morning and in New York late yesterday. Dealers said the continuing decline reflects232 words
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Article110 1977-07-27 8 NEW YORK, Tues. The dollar slumped again yesterday from Friday's close In fairly active trading, with little resistance to the slide yet emerging, dealers said. The mark Jumped to a closing 44.52/54 cents or 2.2457 marks from 44.30/33, the Swiss franc breached the 42-cent psychological barrier to close110 words
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Article122 1977-07-27 8 TOKYO, Tues. The US dollar for overnight dellvery closed at 264.50 yen, up from a 264.30 opening but slightly below the 264.65 at yesterday's close, dealers said. No central bank intervention was detected. After an Initial decline following overnight weak- ness In foreign centres, the US unit recovered as122 words
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Article110 1977-07-27 8 HONGKONG, Tues. The US dollar eased In quiet featureless trading to 2.*****/ 40 marks frofti its New York mid-point close of 2.2456 and its opening of 2.2450/ 65, dealers said. The US unit rose slightly to 264.42/ 50 yen from Its New York mid-point close of 264.27 after opening110 words
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Article44 1977-07-27 8 ZURICH exchanges closing quotes on July 25: US 2.3838-3838 UK 4.8886-1000 Can 3.3475-3406 W Germ 106.88-188.87 Neth 88.85-83 Pranee 48.57-80 Belt 8.813/4 821/3 Denm 46.50-53 Norw 46.84-87 6wed 66.87-81 Italy 0.3704-3706 Austria 14 90-92 Port 8.21-34 Spam 2.78-7*l/2 Art 0 56-86 Japan 0.80-881/244 words
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Article44 1977-07-27 8 AUBTRALIA/NZ exchanges on July 26: Auitnli*' SUrtlM .6661/ 0911 OS dotmr 1.1382/1.1134 Ninety mail buytaf rate* USdolLr 1.1540 Ninety-day forward buylnc rale*: Bterbnc .6678 US doikr 1.1171 Hew Zealand: surttaf 6666/ .6636 US dollar .9764/9604 Ninety-day forward rata: Stcrllnc 6673 US dollar .66*744 words
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Article34 1977-07-27 8 FRANKFURT exchanges opening quotes on July 26. U81.5434/44 Can 2.1147/67 UK 3 .66/17 Natb 93 30/40 Swttt 94.30/30 Italy 2.54/96 France 46.79/66 Norw 43.36/40 Belt coo) 6.43/44 Be)« fin 6.36/46 Japan 0 6466/660634 words
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Article326 1977-07-27 8 LONDON, Tues. Eurobonds traded generally steady In quiet, moderate conditions, dealers said. US Issues held steady In fairly active two-way trading, and dealers reported some profit-taking after the recent rises and buying interest for bonds considered undervalued. Convertibles were little changed and quiet but dealers said the Gulf and326 words
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Page 8 Advertisements
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Advertisement176 1977-07-27 8 *k v jr 8? +o£ I ll MONTHLY ECONOMIC REPORTS With monthly poKticol 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 East176 words
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INTERNATIONAL COMPANY NEWS
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Article305 1977-07-27 9 Mat lasCoraf that It had, with Mitsui OSK Lines, to tertract hi Slngapera, comae little surprise whaa one coasiias the recant activitiee at Lao's other major principal, the Malaysia International Shipping Corporation (MISC). Only about throe wisnlhs ago, MISC anaouanod that it would Jeia the305 words
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773 1977-07-27 9 TERESA LIM - By TERESA LIM THE next few years will not see any significant upturn In world shipping, currently In Its fourth year of recession. "The tanker and tramp markets cannot expect a recovery to take place before 1980, and liner shipping too must reckon with773 words
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163 1977-07-27 9 Reuter MANILA, Tues. Philippine Shipyard and Engineering Corporation (Philseco), a Joint venture between the National Investment Development Corporation and Kawasaki Heavy Industries, of Japan, will construct a US$6B million (Bsl6B million) repair facility near here, Its officials said today. They said the facility, toReuter - 163 words
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Article912 1977-07-27 9 BRENDAN KEENAN - By BRENDAN KEENAN FT DUBLIN: During the years when most other European cities were having hearts torn out to build motorways. by-passes, flyovers and the rest, Dublin was left largely-antouehed and, it c£uld be said, fairly unspoiled. That may be an advantage for the tourists, but itFT - 912 words
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Article873 1977-07-27 9 TIME chartering for mid-' July slackened In the last few weeks with trip charter featuring a few prominent Far East deliveries to UK/ Cont and Mediterranean. The surprise was the booking of a 70,832 dwt vsl at UBBO cents per dwt for end July trip, Japan to873 words
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Article334 1977-07-27 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Deneb (JREV) (0800) 40/41 Golden Wonder (0600) 25 Klccho Maru (1100) 19 Klnkasan Maru (0400) 31/32 Palm Sea Hone (1200) (P/O) 16 Prima King (1400) (Bulk Wheat) 6/7 Beine Ltord(lS00)( after '"susan (2100 after Protatokyo) 36/20 Vega (6LVP) (1500 after Patricia M) 44334 words
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245 1977-07-27 9 NYT MOSCOW, Tues. The Soviet Communist Party yesterday urged underdeveloped oil-producing countries to become more Independent of their imperialist customers by acquiring their own fleets of oil tankers. Pravda, the party newspaper, accused imperialist consumer nations of deliberately building too many ocean-going tankersNYT - 245 words
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Article89 1977-07-27 9 UPI NAOOYA, Tuts. Mitsubishi Heavy Industries said about 1,000 employees of recession-hit shipbuilding and aircraft manufacturlnc departments have been relocated to other divisions. Company executives said that In view of the worldwide oversupply of ships, the mwenr of the shipbuilding industry from the present recession appearsUPI - 89 words
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Article551 1977-07-27 9 ARRIVALS hntn Local FRES 1 OoMltf Nwkv TbM from Optra tor Noii it TIbm For SIA TUA MAR SQ600 TL304B MH682 0255 oeio MAA TPE KCH TMA SWR TL304B SR315 0730 0740 KUL/BOM/DXB/ BEY CMB/BOM/ZRH/ PAN PA847 0610 SFO/HNL/OUM OVA CPA OIA CX710 GA900 1000 1030 HLP551 words
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Article228 1977-07-27 9 AP LONDON, Tues. Indian government charterers covered numerous phosphate openings in West Africa and the Red Bea to give feature yesterday to an otherwise rather characterless market, still suffering from the effects of an acute enquiry shortage and growing tonnage surplus. Five vessels of between 9,500 andAP - 228 words
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Page 9 Advertisements
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Advertisement268 1977-07-27 9 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. The Open268 words
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Article, Illustration2040 1977-07-27 10 SEYMOUR M. HERSH, JEFF GERTH - This is the first of a series of articles baaed on four month* of re»aarch into GULF AND WESTERN INDUSTRIES, the worldwide conglomerate. It waa reported end written by SEYMOUR M. HERSH, a Pulitzer prise-winning inveatigative reporter, and JEFF GERTH. SEYMOUR M. HERSH,2,040 words
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Article96 1977-07-27 10 G W REPLIES NEW YORK, Tues. Gulf and Western Industries Inc said a series of articles in the New York Times covering the corporate and financial activities of the company and its chairman, Charles Bluhdorn, contain falsehoods. Executive vice president Martin S. Davis said these (unspecified) falsehoods will be dealt96 words
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Article1013 1977-07-27 10 MICHAEL BLANDEN - THIRD WORLD DtiBTS The total deficit of the poorer countries who have no oil has gone up from US$2O billion to $77 billion In tlx years. In coping with the problem, the bankers to whom they owe the money have produced a much better flow ofFT - 1,013 words
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Article, Illustration740 1977-07-27 10 MARVINE HOWE - By MARVINE HOWE NYT MANAMA, (Bahrain): After Krs of debate, a decision finally been made to link this easy-going Island state with the austere Saudi Arabian mainland by a 24km causeway. "The reasons for building the causeway are economic," All Mohammed Murad, a directorNYT - 740 words
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Article, Illustration625 1977-07-27 10 PAUL LOONG - By PAUL LOONG UPI HONGKONG: Britain, which once ruled the high seas with Its royal navy, now has only one fleet stationed permanently overseas. The entire fleet five aging minesweepers which no longer sweep mines Is based In this tiny British territory on the South ChinaUPI - 625 words
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Page 10 Advertisements
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Advertisement152 1977-07-27 10 GAMBLERS HANDBOOK m (p t)» W rtt I 1 7 y OC w i 16/by E. Lenox Figgis F.C.A. A practical handbook explaining how batting takes place on tha world's most popular batting pastimas, including horsos, dogs, football pools, sporting events, casino games, such as craps, roulatta, etc., sweopstakes, lotteries,152 words
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471 1977-07-27 11 KEEPING Singapore's girls looking chic and pretty every day of the year is a task local hair stylists take very seriously. Because the business has not only been a profitable of», but It has grown competitive. Estimates put the current number of471 words
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Article187 1977-07-27 11 MORE men are taking to cosmetics here and turnover of men's cosmetics now total a tenth of what women spend. Last month, for instance, turnover of men's cosmetics in a leading retail group was some $45,000 compared with $450,000 In women's cosmetics. Most cosmetics manufacturers187 words
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Article264 1977-07-27 11 Reuter AFP NEW DELHI, Tues. Indian Petroleum Minister Mr. Hemwatl Nandan Bkhuguna told the Lok Sabha (Lower House of Parliament) today that the Government would soon take over two oil companies in which the Britishowned Burmah Oil Com'-' pany had Interests. The companies are:Reuter; AFP - 264 words
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Article60 1977-07-27 11 Reuter CANBHtRA, Tues. The Bureau of Agricultural Economics forecast Australia's 1977/78 rice crop will rise to a record 540,000 tonnes of padl from an estimated 531,000 tonnes for 1978/77. In its first 1977/78 "Trends in Australian Rural Commodities" quarterly, the bureau put the afea to be sownReuter - 60 words
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738 1977-07-27 11 AP GENEVA, Tims. Brufl and India yesterday blamed the big textile Importing nations for procedures" In seeking to limit Imports from the textile exporting developing countries. The blame was addressed specifically to the Joint more of the United States, the European EconomicAP - 738 words
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519 1977-07-27 11 AFP HONGKONG, Tues. Cotton Spinners Association chairman T.C. Chen said today that Hongkong's textile industry was currently enfeebled but that this was due to a global phenomenon. Nevertheless, Mr. Chen added, the challenge to Hongkong was in many ways more severe than to otherAFP - 519 words
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263 1977-07-27 11 AFP NEW DELHI. Toss. Indim is considering a m«jar skift in trade policy towarda its European partners from lapse trade to mukirurroncy free trade. This was indicated hare yesterday by Mr. P.C. Alexander. Oswatary In the Commerce Ministry, at the conclusion ofAFP - 263 words
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270 1977-07-27 11 UPI TOKYO, Tues. West German Economics Minister Hans Friderlchs told Japanese Premier Takeo Fukuda today that Germany will probably have a real economic growth rate of about 4.5 per cent this year. Mr. Friderlchs opened the official phase of Ms fiveday visit toUPI - 270 words
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215 1977-07-27 11 UPI TOKYO, Tues. Major Japanese oil refiners are planning to send a mission to Peking late In August for talks on the purchase of Chinese crude oil. Federation of Economic Organlsa-/ tlon (Keidanren) source/ said today. The mission, to be led by Mr. Takehlko Tomlnaga,UPI - 215 words
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Article91 1977-07-27 11 Reuter BETOIfO, Tues. Combined forces of the Malaysian and Thai armies were closing m today from two opposite directions on an estimated 1,000 communist guerillas In Botong Salient, Southern Thailand. The Malaysian overall commander of the joint .operations, Major-Oeneral Datuk Mahmud Bulalman, said the troops wenReuter - 91 words
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Article119 1977-07-27 11 UPI MANILA, Tues. The Asian Development Bank today approved a U5817.8 million (8842.8 million) concessional loan to Sri Lanka for the Canyon hydropower project designed to help meet the country's energy needs In theeanyiMQa/^ An ADB announcement said the loan will cover the foreign exchangeUPI - 119 words
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Article91 1977-07-27 11 TKMENQOONO Ltd. has announced the appointment of Mr. Mm Harris as publican of its 8800,000 oklBngllsh pub venture. The Jockey, scheduled to open on Sept L The pub. located In the former Oil's Restaurant premises at Shaw Centre,' represents an tTrtmntrm of Temenggong's already conMderabk Involvement In the91 words
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235 1977-07-27 11 UPI T*j to tlui Or««k Iklillk Jtpii'Aaitrilla n|tr nߣalSh|hwM,ikw> Mr rfthi Ajmltan sad Forestry Miaistry's food distribotiea kwMa, will ban lawarraw far talks with Autrallu geveraMtrfUab at tkaWMat aa/'uST*iwpart oatleto. Mitaabiaki Cory, aad Mitooi •ad 00. Ho is aapoiitod to etoy ha tkaUPI - 235 words
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151 1977-07-27 11 BERNALICE, a trading house, recently became the first local firm to penetrate the footwear market in New Zealand when It exported several thousand, pairs of Slngapore-maae men's shoes to that country. Said Mr. Benny Fang, managing director of Bernalice: "We developed the pricing,151 words
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161 1977-07-27 11 Reuter DACCA, Tues. President Zlaur Rahman may seek economic aid for specific projects In Bangladesh when he meets King Khalld of Saudi Arabia this week, a Foreign Office spokesman said here today. The aid In question was not available from traditional WesternReuter - 161 words
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Article53 1977-07-27 11 AFP WASHINGTON, Tues. An International consortium Is to lend the South Korean National Klectrlclty Company U8*61,200,000 (*****,328), the Citicorp and the chemical Bank announced. The loan will be used to build two power stations of 380 and 05 megawatts respectively. The installations win be supplied by UnitedAFP - 53 words
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Article328 1977-07-27 11 AFP KUALA LUMPUR, tuM. Tin mining Industry circle* in Malaysia were puzzled by reports from La Pas to the effect that Bolivia was seriously considering leaving International Tin Council because It was dissatisfied with the latest price ranee for the metal. Bolivia feels that the newAFP - 328 words
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272 1977-07-27 11 UPI HONOKONO. Tues. China has said the International seabed belongs to all mankind and neither the Soviet Union nor the United States should be allowed to monopolise It. article In the Communist Party newspaper People's Dally noted the economic and military Importance of the seabedUPI - 272 words
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189 1977-07-27 11 KUALA LUMPUR Tues. The Ministry of Agriculture has made a breakthrough in the cultivation of Jackfruit on sandy soil along the beaches, its Minister, Da tuk All Hajl Ahmad, announced today. "We are now encouraging farmers to grow Jackfrults on a big scale so that189 words
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Article73 1977-07-27 11 Reuter TOKYO. Tues. Japan's seasonally adjusted ratio of job offers to Job seekers fell to 0.53 in June from 0.54 In May and 0.65 in June last year, the Labour Ministry said. The ministry said Job seekers, Including employed people wanting to change Jobs, fell toReuter - 73 words
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Page 11 Advertisements
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Advertisement320 1977-07-27 11 APPOINTMENTS Managing Director of a leading trading company which specialises in the exKrt trade to Nigeria expects to visit Nigeria again during November/ cember 1977. This company has handled no less than 15 products of Singapore origin to Nigeria during 1975/ 77 and on this occasion, we wish to represent320 words
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245 1977-07-27 12 Reuter NEW YORK, Tues. American Industries used 81 per cent of their capacity in June, McGraw-Hill Inc. said yesterday. The figure included utilities and mining companies, as well as manufacturing firms. It represented a one-half percentage point gain from May and a threeReuter - 245 words
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Article167 1977-07-27 12 Reuter TOKYO, Tues. Several members of Japan's ruling Liberal Democratic Party plan to visit Hanoi in September or October to help remove Vietnamese suspicions about closer Japanese ties with noncommunist Asian countries, former Foreign Minister Toshio Klmura said here today. Mr. Klmura, leader ofReuter - 167 words
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Article62 1977-07-27 12 AFP BANGKOK, Tues. The government Is considering raising taxes on luxury goods Including alcoholic and non-alcoholic drinks In order to meet revenue requirements for the next fiscal year, Finance Minister Suphat Suthatham disclosed. The minister made the disclosure on emerging from a meeting on the 81,000 millionAFP - 62 words
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Article19 1977-07-27 12 TOKYO. Tues. Yokohama, Tokyo's neighbouring city, has replaced Osaka as Japan's second largest city, municipal officials said today.19 words
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612 1977-07-27 12 JURONO Town Corporation (JTC) is In the red for the first time In 8* yean of ooeratlons. According to 1U latest annual report, operations for the year ended Dec 31,1976, resulted In a deficit of about fll million compared with612 words
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Article, Illustration330 1977-07-27 12 Reuter TOKYO, Tues. Japanese Prime Minister Takeo Fukuda plans to announce a "Fukuda doctrine" towards South-east Asia next month which will pledge cooperation to help stabilise the region. The doctrine would probably be detailed during his visit to Manila on the final legReuter - 330 words
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430 1977-07-27 12 AFP JAKARTA, Tues. Indonesian preparations for next month's Asean summit went Into full gear today as Foreign Minister Adam Malik reviewed economic problems to be raised In kuala Lumpur with his colleagues of the economic affairs and trade ministries and Asean Secretary Mr.AFP - 430 words
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Article684 1977-07-27 12 LONDON, Tuts. Stock prices were lower on balance In thin trading, dealers said. At 3 p.m. the FT Index was down 6.1 at 431.1. Government bonds rose an initial 1/4 point but tight money conditions prompted small selling of shorts. Longer maturities reacted in sympathy and returned to684 words
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Article31 1977-07-27 12 Reuter TORONTO, Tues. Inco Ltd. said It has rescinded nickel price Increases of last Oct 1. which averaged 9.8 per cent. It did not announce the actual price levels.Reuter - 31 words
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Article196 1977-07-27 12 JURONO TOWN Corporation (JTC) with 18 industrial estates already under Its wing, is planning to develop another Industrial estate at Yew Tee. Sited at Woodlands Road, Tew Tee when completed will occupy a total area of 25 hectares, according to the latest Jurong News. Earthworks196 words
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Article114 1977-07-27 12 SINGAPORE Travel News, the official news bulletin of the Singapore Tourist Promotion Board, will take on a new look and its size will be Increased from 12 to 16 pages from October when MPH Magazines takes over Its production. The STPB and Jack ChlaMPH Ltd.114 words
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Article66 1977-07-27 12 READY-MIXED concrete will be sold In metric units from Aug. 1. This has been agreed by members of the Ready-Mixed Concrete Association of Singapore. This adds to the list of building materials that have been metrlcated. Currently, cement Is sold In 50-kg bags, granite In66 words
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Article66 1977-07-27 12 A MULTI-MILLION -dollar park is expected to be built by the Government on reclaimed land at the mouth of the Kallang River. The Parks and Recreation Division of the Ministry of National Development Is believed to be working on the details of the project which will provide66 words
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Article50 1977-07-27 12 COMFORT, the National Trades Union Congress' transport cooperative, has ordered 1,000 bigger and better taxis to further upgrade its services. It Is also considering raising weekly CPF contributions from $5 to $10 to enable members to have larger savings for HDB flats purchase or as old age pension.50 words
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Article44 1977-07-27 12 A 10-member delegation from the New Zealand Tourist and Publicity Department is in Singapore on the first leg of a threenation visit to sell New Zealand to potential tourists. After Singapore, the delegation will leave for Kuala Lumpur and Hongkong.44 words
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Article75 1977-07-27 12 Reuter CYPRUS, Tues. Finance ministers from the Organisation of Petroleum Exporting Countries (Opec) will meet in Vienna on Aug 4 to discuss further aid allocations to developing countries, according to the Middle East Economic Survey. The weekly said the Opec special fund has so far granted loansReuter - 75 words
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316 1977-07-27 12 AFP KUALA LUMPUB. Tm Datuk Roseate Ou told ParUuHet toiy^tty threats in eettliag claim* made by civil The Prima Mlalotor was wiatfaf ap the dehato ea the Public Bervice Trihaaal BUI which wae later aipieial Be aaid the nun—it waa aaahle toAFP - 316 words
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Article210 1977-07-27 12 Reuter TOKYO, Tues. The Japanese Finance Ministry said net foreign portfolio Investment In Japanese bonds and debentures in June fell to UB9ll million (3126.8 million) from $33 million In May, reflecting a decline In long-term Japanese interest rates. Foreign buying of Japanese bonds andReuter - 210 words
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Article339 1977-07-27 12 GUARD dogs may soon become s familiar feature In high-rise office complexes following the Introduction of the canines by the Central Provident fund Board to patrol Its building at Robinson Road. This Is a service which a local security agency will be offering shortly. The339 words
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Article, Illustration404 1977-07-27 12 PROTECTIONISM Is now the rule, rather than the exception, In the world economy. And Singapore and other exporting countries must be prepared to compete in a protectionist world. This Is the advice of Professor John Llndholts, an American expert In international marketing. He told404 words
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Article30 1977-07-27 12 DACCA, Tues. Bangladesh will receive USglO million (5124.4 million) credit from International Development Association for an agricultural extension and research project in the north-western region of the country.30 words
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Advertisement87 1977-07-27 12 NOW LEASING IN THE HEART OF JAKARTA j Mll y fi] [fi BULOMG The Arthatoka Building represents the best value prestige office space available in Jakarta today. Arthatoka has 18 storeys of centrally air condftioned office space served tjy four high speed lifts and electricity, cleaning, parking, and security serviceeare87 words
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