The Business Times, 29 July 1977

Microfilm: NL9344
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    9 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, JULY 29, 1977 SOCENTS
    9 words
  • NEWS IN BRIEF
    • Article
      Lock icon 'Halt dollar's fall'
      58 1 AFP BRUSSELS, Thurs. The European Economic Community today Implicitly asked the United States to step Into the foreign exchanges to halt the dollar's sharp decline. The EEC Commission spokesman said the EEC executive hoped US authorities would Intervene to support the dollar at a level consistent with
      AFP  -  58 words
    • Article
      Sanyo expansion
      53 1 SANYO Electronics Intends to embark on a $7 million expansion programme to produce transceivers and hl-fl equipment In Singapore. The investment is expected to provide employment for an additional 1,000 workers bringing the total workforce to 2,000. More than 90 per cent of the two new products will
      53 words
    • Article
      Lock icon TV ruling overturned
      69 1 AP WASHINGTON, Thurs. Japanese television manufacturers won a major court victory today when a five-Judge federal appeals court ruled that the United States cannot impose a special duty on their products. The United States Court of Customs and Patent Apj>eals overturned a decision by a New York
      AP  -  69 words
    • Article
      Lock icon Vivid example
      80 1 Reuter WASHINGTON, Thurs. President Carter today said the United States was Importing and using too much oil and that he hoped to cut oil Imports drastically by 1965. v Speaking at a news conference, Mr. Carter said the US$45 billion (Sslo9 billion) worth of oil the country would
      Reuter  -  80 words
    • Article
      Lock icon A shade lower
      70 1 Reuter TAIPEH, Thurs. Judging from the performance of the economy in the first six months, Taiwan's economic growth this year will be around eight per cent, a little lower than the projected 8.5 per cent, a spokesman for the economic planning council of the executive Yuan (Cabinet)
      Reuter  -  70 words
    • Article
      Lock icon HK suspension
      60 1 AFP HONGKONG, Thurs. The commerce and Industry department today announced the suspension of export authorisation for certain Hongkong textile products to France and West Germany with effect from yesterday. The suspension affects brassieres (category 22) to France and West Germany and knitted or crocheted briefs and drawers, not
      AFP  -  60 words
    • Article
      Lock icon Dow Jones
      107 1 UPI NEW YORK, Thurs. Stocks, reeling after their worst loss in more than two years, headed lower early today in fairly active trading amid investor concern about the future of the economy. The Dow Jones Industrial average, which plunged 19.75 points yesterday, was off 3.98 points to 884.45
      UPI  -  107 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore Yesterday
      175 1 SENTIMENT on the Stock Exchange of Singapore improved slightly yesterday. However, moat of the buying interest was concentrated on the second and third liners. Reflecting the bettor trend, the Business limes index rose 6.90 points to 391.64. With lees interest focussed on the blue -chips, the Straita
      175 words
    • Article
      In Kuala Lumpur
      112 1 Rise* Most active A. HI tun 10.70 C. Sugars 3 84 8. Dredge 0.00 Lien Hoe 2.26 < Pacific Dev. 2.96 Supreme Corp 1.38 M. Monies 1.30 Int. Wood 1.S8 B. Hay* 1.00 8g. Beet 2.22 Tronoli 4.28 Ptisan 1.37 Cttympta 1.40 Falls Kramat 3.80 Chin Tec*
      112 words
  • Article
    Lock icon US dollar holds its ground
    983 1 NEWS OP WORST DEFICIT Reuter THE US dollar took in its stride yesterday the announcement of the worst ever American monthly trade deficit. It gained ground against virtually all currencies except sterling. In the Singapore market, the US unit was particularly strong against the Deutschemark
    Reuter  -  983 words
  • Article
    IRD tightening tax haven loopholes
    673 1 SINGAPORE has Joined a growing number of countries which Is taking a sterner view of the so-owed tax havens used by individual* and cotpnl«a to' avoid paying tax. The Inland Revenue Department (IRD) has recently advised taxpayers and their consultants that It has taken moves
    673 words
  • Article
    GSP boosts S'pore exports to Japan
    496 1 SINGAPORE'S exports to Japan under its Generalised Scheme of Preferences amounted to 1218.6 million last year, making the Republic on# of the four main beneficiaries of the scheme. The GBP, which was Introduced in 1071, has also helped Singapore's export growth, according to the
    496 words
  • Article
    SES queries C. Sugars
    171 1 THE Stock Exchange of to again Inquiring into the revived speculative Interest m Central Sugars shares. The query earns In the wake of a 12-cent Jump rtmlkod up by the counter on Wednesday. However, this did not dampsn the renewed speculative activity in the shares which
    171 words
  • Article
    Lock icon Cut red tape call by region's private sector
    286 1 Reuter MANILA, Thurs Private business leaders from member countries of Aim today called on governments to cut rod tape procedures to ease and expand intra-regienal trade. The rosolutioa was adopted at the end of a twoday meeting of the AaeanChambers of Commerce
    Reuter  -  286 words
  • Article
    Trade curbs: Asean in no position to hit back
    466 1 A US EXPERT in International marketing, Professor John Llndholtz. yesterday brushed aside suggestions that Asean nations should retaliate against protectionist measures of Industrialised countries. He said: "Japan can hit back at the US or EEC or vice versa because each of
    466 words
  • Article
    Lock icon British Airways' $148 m profit
    116 1 UPI LONDON, Thurs. Despite a loss on Its Concorde supersonic operations, British Airways made a net profit of £36 million million) in the year 1V76-77, the airline announced today. The profit compared with a loss of £16 million in *****6, the annual report said. Profit
    UPI  -  116 words
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      Page 1 Advertisements Column 2
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      3 1 SEE PAGE 3
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      275 words
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  • OVERSEAS
    • Article
      Lock icon Energy use by OECD increases
      213 2 Reuter PARIS, Thurs. Energy consumption in the 24 member countries of the Organisation for Economic Cooperation and Development in the first quarter of 1977 ran at an adjusted annual rate six per cent above the average 1976 level, the OECD said. First quarter energy use
      Reuter  -  213 words
    • Article
      Lock icon Dutch agree on company profits
      222 2 Reuter THE HAGUE, Thurs. The three parties engaged In discussions aimed at forming a new Dutch Government have agreed on a compromise profitsharing scheme, party leaders told a press conference. Under the compromise plan, 20 per cent of company profits will be paid into a
      Reuter  -  222 words
    • Article
      Lock icon FTC BATTERY PROBE
      76 2 Reuter WASHINGTON, ThUTS. The Federal Trade Commission said Its Bureau of Competition will Investigate the primary dry cell battery Industry to see if there have been anv attempts to monopolise all or any part of the Industry. The investigation will also look for existence of other unfair
      Reuter  -  76 words
    • Article
      Lock icon US ready to sell arms to former Soviet allies
      311 2 Reuter WASHINGTON, Than. The Carter Administration has tohwi Its readiness to sell km to then countries formerly deeety allied to the Soviet Ualea Egypt, Sudan aad Somalia, with Saudi AraMa expected to provide flnaaciag. The Btate Department said the decisions were
      Reuter  -  311 words
    • Article, Illustration
      Lock icon GM chalks up $2.7b profit in three months
      416 2 UPI DETROIT, Thur*. General Motors Corp, reported a US $1.1 billion (812.7 billion) April-June profit making It only the second American company to reach this level and then detailed plans to close all US operations by mklSeptember If Congress does not ease
      UPI  -  416 words
    • Article
      Lock icon Working plan for talks on farm produce
      175 2 AFP GENEVA, Thurs. The agricultural group of the General Agreement on Tariffs and Trade (Gatt) yesterday agreed on a working programme for the Tokyo round of Multilateral Trade Negotiations (MTN) on farm produce. Those taking part in the talks agreed to submit lifts
      AFP  -  175 words
    • Article
      Lock icon Cut in sugar quotas not favoured
      88 2 UPI WASHINGTON, Thurs. Spokesmen for Industrial sugar users ranging fronA soft drink bottlers to bakers and food processors urged Congress yesterday to reject a proposal to reduce sugar Import quotas. Joseph Creed, an official of the sugar users group, told a House of Representatives
      UPI  -  88 words
    • Article
      Lock icon Fund for West African c-mart in operation
      427 2 AP LOME, Thurs. Sixteen west African countries, pledged to become an eventual six million sq km common market, have declared "operational" the crucial compensation and development fund for the Economic Community of West States (Ecowas). "XtTfie end of a three-day meeting here yesterday,
      AP  -  427 words
    • Article
      Lock icon Prospects of accord on Panama Canal brighter
      299 2 AP NEW YORK. Thurs. The United States is cloeer now than It has been In a decade to successfully completing negotiations for a new Panama Canal treaty, negotiator Mr. Sol Llnowltz said yesterday. Mr. Llnowitz, a former ambassador to the Organisation of American
      AP  -  299 words
    • Article
      Lock icon Productivity gains
      179 2 AP WASHINGTON, Thurs. Most American manufacturing, trade and service industries showed significant productivity Improvement In 1978 with the only major declines in mining industries, the US Labour Department reported yesterday. The department said the gains In Industrial productivity were consistent with the non-farm business sector asa whole where
      AP  -  179 words
    • Article
      Lock icon Non-govt body to improve ties
      109 2 Reuter BONN, Thurs. Former Chancellor Willy Brandt is consulting representatives of rich and poor countries about setting up a nongovernment commission to try to Improve relations between the two groups. Mr. Brandt, who is chairman of West Germany's Social Democratic Party, Is opposed to having
      Reuter  -  109 words
    • Article
      Lock icon Manila to buy 250 UK bus chassis
      160 2 Reuter MANILA, Thurs. The Government-owned British Leylsmd International Is selling 290 bus chassis to the Philippines worth about £2.3 million (819.7 million) In Its biggest ever single contract here, a company representative said today. The first 100-are to be delivered over the next
      Reuter  -  160 words
    • Article
      Lock icon Falling cotton prices a pointer
      108 2 Reuter WASHINGTON, Thurs. Declining cotton prices in world markets since midMarch partly reflect market uncertainty over future demand. The US Agriculture Department in Its weekly review of world commodity highlights said that although cotton stocks are low, textile orders are slow and mills seem to
      Reuter  -  108 words
    • Article
      Lock icon Fishing zone talks
      65 2 AFP TOKYO, Thurs Bovlet Fisheries Minister Alexander Ishlkov arrived In Tokyo today to hold talks with his Japanese counterpart Mr. Zenko Susukl on fishing operations in Japan's 320km fishery sone. Negotiations started in Tokyo late In June and considerable progress was reportedly made In today's session. As
      AFP  -  65 words
    • Article
      Lock icon Bonanza time for London art dealers
      371 2 UPI LONDON, Thurs. Inflation has something to do with ii, but the world's two biggest art auctioneers reported today that art sales are booming as never before. Sotheby Park Beraet and. Christie*, in individual year-end reports with some sales still to come, reported total
      UPI  -  371 words
    • Article
      Lock icon Fishing pact
      42 2 AP WASHINGTON, Thura. President Jimmy Carter yesterday announced that he Iras signed an Interim fishing agreement with Canada. The agreement permits fishermen of each country to fish in the 320-km fisheries zone of the other until Dec 31, 1978. AP
      AP  -  42 words
    • Article
      Lock icon Germany's recovery starting to flag
      471 2 UPI PARIS, Thurs. West Germany has made appreciable Egress In recovering from 1974—75 recession, the Organisation for Economic Cooperation and Development said but growth has been less satisfactory. The OECD. which groups 24 industrial nations and issues periodic economic surveys on all of them, said:
      UPI  -  471 words
    • Article
      Lock icon 'CIA is off on Soviet oil reserves'
      249 2 AFP LONDON, Thurs. A top British oil company executive yesterday took issue with a recent US Central Intelligence Agency report which predicted that Soviet crude oil output would reach a peak next year and would then quickly decline. Writing in the Times newspaper,
      AFP  -  249 words
    • Article
      Lock icon Brokers against ban on options trading
      134 3 Reuter CHICAGO, Than. leading US commodity broken Mid they did not ■|tn that commodity options trading should be banned in tho US because of Commodity Futures Trading Commission (CFTC) budget problems. Earlier yesterday, CFTC chairman William Bagley propoeed such a ban became the CFTC
      Reuter  -  134 words
    • Article
      Lock icon Treasury to raise $7b new cash
      204 3 Reuter WASHINGTON, Thurs. The US Treasury Department said It will raise US$3 billion (597.2 billion) of new cash and refund 93.28 billion of maturing Issues at its August refinancing. The Treasury will sell $3 billion of three-year notes, 92.25 billion of seven-year notes and
      Reuter  -  204 words
    • Article
      Canada pledges clean float
      55 3 OTTAWA, Thurs. The federal government will not Intervene to protect the Canadian dollar and will maintain a clean float. "The market determines the level," a Finance Department spokesman said. The dollar was quoted at U593.73/ 75 cents in Toronto or close to its seven-year low of
      55 words
    • Article
      Lock icon Wheat for Russia
      45 3 Reuter OTTAWA, Thurs. Canada yesterday announced the sale of 1.7 million tonnes of wheat to the Soviet Union next year. The sale was negotiated by representatives of the Canadian Wheat Board and the V.O. Exportkhleb, the Soviet Union grain trading corporation. Reuter.
      Reuter  -  45 words
    • Article
      Lock icon Favourable loans
      44 3 AFP WASHINGTON, Thurs. The International Monetary Fund (IMF) has approved a loan of U5529.6 million (SS72 million) to Pakistan, It was learned here yesterday. Other loans on favourable terms were granted to Thailand ($16.8 million), Bangladesh (515.8 million) and Egypt ($23.7 million).
      AFP  -  44 words
    • Article
      Lock icon Bid to ensure Witteveen plan is on schedule
      588 3 Reuter PARIS, Thurs. The International Monetary Fund (IMF) will have to make real progress at a finance ministers' meeting It has called In Paris for Aug 6 if It is to keep to Its schedule of getting the Witteveen facility on a
      Reuter  -  588 words
    • Article, Illustration
      Lock icon Truth is imperative says Witteveen
      436 3 AP WASHINGTON, Thurs. Describing himself as "an optimist by nature and conviction," the managing director of the International Monetary Fund (IMF) today ran through "a litany of fundamental economic problems" he believes the world can overcome. "It Is my strong belief that In Economics, as
      AP  -  436 words
    • Article
      Lock icon ITALY PAYING DOWN PART OF LOAN
      231 3 Reuter ROME, Thurs. Italy Is In the process of making a partial 700 million BDR repayment to the International Monetary Fund on a standby loan contracted in 1974, the Treasury said. The repayment is in line with maturities set on the loan at the
      Reuter  -  231 words
    • Article
      Lock icon Senate approves bill to provide funds
      257 3 UPI WASHINGTON, Thurs. The Senate gave final approval 'yesterday to a bill allocating US$5.l billion (5512.5 billion) over the next three years to finance the US share of contributions to various international financial institutions. The compromise measure passed on a voice vote and was
      UPI  -  257 words
    • Article
      Lock icon $25b US budget surplus
      243 3 Reuter WASHINGTON, Thurs. The US had a,budget surplus of U8810.19 billion (8525 billion) in June, compared with a deficit of $6.04 billion In May and a surplus of $6.96 billion In June 1976, the Treasury Department said. Outlays dropped to $32.88 billion In June from $33.59
      Reuter  -  243 words
    • Article
      Lock icon Committee to issue guidelines
      84 3 Reuter LONDON, Thurs. The Accounting Standards Committee said It will issue simple guidelines to enable companies to give basic current cost information as a supplement to historical cost results. The guidelines will cover cost of sales adjustment, depreciation charges and a method of adjustment to take
      Reuter  -  84 words
    • Article
      Lock icon Fukuda visit
      39 3 AP RANGOON, Thurs. Japanese Prime Minister Takeo Fukuda will visit Burma from Aug 10 to 12 at the invitation of Burmese Presiden Ne Win and Prime Minister Maung Maung Kha, the Burmese Foreign Office said today. AP
      AP  -  39 words
    • Article
      Lock icon Assets of Bahrain offshore banking units at $27b
      277 3 Reuter BAHRAIN, lWa.-Aa-Buktai Uafca (OBU) nm toUSfll Mlttaa (8156.6 Mttea>eaJaM»*smltJ Mlßoa >t the aerf af ltyt. iirMtorMjiMral^Rla Maori Nil laportlag UN halfyaariy rmlU of Bakraia OBU. which started ifntiag tu-ftw faraiga axekun Birktt ibwt IB —Mm age, Mr. Mwi —li •Wat 71
      Reuter  -  277 words
    • Article
      Lock icon Dearer wool
      62 3 AFP CANBERRA, Thurs. A small increase In prices for Australian wool In the 1977/ 78 selling season was forecast two days ago by the Bureau of Agricultural Economics. The bureau said that, with the continuation of strong lnter-flbre competition and of a subdued Western economy, no marked improvement
      AFP  -  62 words
    • Article
      Lock icon Ireland's yen bonds
      29 3 AFP TOKYO, Thurs. The Ireland government will float yen-quoted bonds worth 15,000 million yen (Ssl22 million) in Japan next month, it was announced here today AFP
      AFP  -  29 words
    • Article
      Lock icon End of £-$ link a tactical move
      681 3 End of link a tactical move Reuter LONDON. Thura. Loosening sterling's lies with the dollar reflects a switch in British foreign exchange market tactics but no change in basic strategy or overall policy. Since the beginning of this year sterling has been pegged at Just below U811.72 (814.it) while the
      Reuter  -  681 words
    • Article
      Lock icon Social contract renewed without pay guidelines
      465 3 Reuter LONDON, Thurs. The British Labour Government and Trades Union Congress publicly renewed the social contract between them with a Joint statement of economic and social alms for the next three years and Into the 1980s. But Prlnie Minister James Callaghan and TUC general
      Reuter  -  465 words
    • Article
      Lock icon UK legislators show the way
      179 3 AP LONDON, Thurs. Britain's legislators yesterday became the flfst and may remain the only group to accept pay raises within government guidelines. With the acceptance of a mere £4 (8S17) a week raise, members of the House of Commons will hare a yearly salary of
      AP  -  179 words
    • Article
      Lock icon DOLLAR'S FALL MAY HIT BONN RECOVERY
      128 3 Reuter BONN, Thurs. Finance Minister Hans Apel said he fears West Germany's economic recovery could be endangered by the monetary unrest caused by the declining dollar. In a television Interview last night, he described the speed of the dollar's fall as alarming. Monetary unrest
      Reuter  -  128 words
    • Article
      Lock icon Television profits
      61 3 AFP CANBERRA, Thurs. Australia's 48 commercial television stations increased their overall profits by Just over 100 per cent In the financial year ended June 30, the Australian Broadcasting Tribunal revealed today. The chairman, Mr. Bruce Oyngell, said figures showed the television stations made a total pre-tax profit of
      AFP  -  61 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      97 2 ST/HL CHAIN SAWS fSINCE 1926 sv s e< \o*< C Genuine STIHL parts are guaranteed to fit right and last longer. Sales, Parts and Service are available from agents and their authorised dealers in Thailand, Malaysia, Brunei, Indonesia and Hong Kong. FACTORY REPRESENTATIVE FOR SOUTH EAST ASIA: STIHUS.EMPTE LTD 136,
      97 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      303 2 WEATHER report for 24 houra prior to 7.30 p.m. on July 28 at Singapore airport. Maximum Temperature 32.1° C Associated Humidity Minimum Temperature 24.0° C Associated Humidity 96 Hours of Sunshine 4.15 Rainfall in Millimetres Nil Total Rainfall for the Month 118.2 Total Rainy Days for the Month 11 SINGAPORE
      303 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      197 3 We give you a 6 hectare garden with your home at Ridgewood. Ridgewood is set in a private estate, withxi completely enclosed 6 hectare (15-acre) garden, that is patrolled 24 hours a day for your security. Come and see the just completed KALAKAUA RISE showflats today! l( Yrvr\Wrvi i <
      197 words
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  • Article, Illustration
    Losses at City Developments continue to pile up
    536 4 THE loss position at City Developments continued unchecked as the group reported a pre-tax loss of $687,000 for the first half of current year ending Oct 31, 1977 compared with a profit of $1.02 million In the previous corresponding period. The latest
    536 words
  • Article
    FIC green light for Sentosa's FMM buy
    322 4 IN YET another reply to the Kuala Lumpur Stock Exchange regarding Sentosa Plywood's purchase of 8,846,000 shares of Faher Merlin, Sentosa's chairman Nik Hussein bin Nik All stated that the Foreign Investment Committee has approved the acquisition of Faber Merlin shares from Pahang
    322 words
  • Article
    Berjaya Kawat stages a fine recovery
    389 4 MUCH against even tu own forecast, Berjaya Kawat staged a strong recovery (or the It-month period ended April 90,1977 with a pre-tax profit of M 83.54 million against a profit of only 8796,585 for the year ended Dec 31. 1975. The change In accounting
    389 words
  • Article, Illustration
    Lock icon Wall Street share prices go tumbling
    747 4 NYT NEW YORK, Thurs. Wall Street analysts, watching the Dow Jones Industrial Average experience its worst one-day drop In more than two years and reach Its lowest point since January 1976, offered explanations yesterday playing down the negative Implications of the slide. With the
    NYT  -  747 words
  • Article
    Lock icon Second quarter surge by ABC
    187 4 Reuter NEW YORK, Thurs. The American Broadcasting Companies Inc., which Jumped into the top spot among the three television networks last season, on Wednesday reported a sharp gain In profit for Its second quarter. ABC said its second quarter profit spurted 81 per cent to
    Reuter  -  187 words
  • Article
    DIVIDENDS ANNOUNCED
    216 4 Curraat Ex Date Tot*I far Tetal far pajmal Data pay a Me the year previous yw Fraaer A Neave 12% July 7 July 29 18% 17.1*a BarJunUi SOS July 1 July 29 11 OS* 50S* George Towa 15* July 6 July 30 20* 23* Khoag Guaa HoMiaga 10*
    216 words
  • COMPANY MEETINGS
  • Article
    Lock icon Bethlehem Steel cuts its dividend
    202 4 Reuter AP BETHLEHEM, PA., Thurs. Bethlehem Steel Corp said Its board cut the quarterly dividend rate to 25 cents per share from 50 cents. The company said the first payment under the reduced rate will be made on Sept 10 to holders on record on
    Reuter; AP  -  202 words
  • Article
    Lock icon Kleinwort agrees to sale
    111 4 Reuter LONDON, Thurs. Kleinwort, Benson, Lonsdale said terms have been agreed In principle for the purchase by Volkart Brothers Holding of Klelnworts commodity trading business. The business, which operates principally In London, Is carried on by the cocoa trading division of Klelnwort's subsidiary. Fendrake Ltd, and
    Reuter  -  111 words
  • Article
    Lock icon Browning accepts FN,stock offer
    298 4 AP MORGAN. UTAH, Thurs. The directors of Browning, an arms manufacturer for the past century, said yesterday they have approved an offer by FN International Soclete Anonyme Holding (FN), to purchase all outstanding Browning stock at US$l3 cash net par share. The recommendation is subject to
    AP  -  298 words
  • Article
    Bovis accepts
    56 4 BOVIS (SINGAPORE), a wholly-owned subsidiary of Bovis South East Asia has accepted an offer from Oammon Services for the purchase of the entire Issued and paid-up capital of Lonag Ltd. for a cash consideration of £1,000. The Issued and fully paid share capital of Lonag, Incorporated in England,
    56 words
  • Article
    CHICAGO BOARD OPTIONS
    1554 4 On July 27 TRADINQ in options on the Chicago Board Options Exchange came to 105,735 contracts on Wednesday compared with 80,212 contracts on Tuesday. OPTION OCT JAN APL STOCK Alcoa Alcoa Am Exp Am Exp Am Tel Am Tel Am Tel AtlR AUR Avon Avon Bank Am
    1,554 words
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      383 4 Mt# i itiu i'u THE GREAT BOOKS OF WESTERN CMIiZAnON These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built dmocracies, withered tyrants, opened new Worlds, riddled
      383 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon EEC calls for securities dealing code
      253 5 EUROPEAN COMPANIES Reuter AP BRUSSELB, Thurs. The EEC Commission said It wants all EEC states to Introduce a code of conduct for securities dealings on all organised community stock exchanges In order to harmonise dealing practices. In a recommendation to member governments aimed at
      Reuter; AP  -  253 words
    • Article
      Lock icon Eurobond issues at their peak
      91 5 Reuter LUXEMBOURG, Thurs. The Eurobond primary market is running at a rate of US$lO billion a year, Centrale de Llvralson de Valeurs Mobllleres (Cedel) said in Its half-yearly report. in the first six months of this year Eurobond Issues totalled an estimated $8.5 billion, the
      Reuter  -  91 words
    • Article
      Lock icon Marathon Oil sees record year
      318 5 NORTH AMERICAN COMPANIES Reuter MARATHON OIL Is confident that 1977 earnings will exceed the record US$O.52 a share earned In 1970, president and chief executive Mr. Harold D. Hoopman told analysts. Mr. Hoopman said reserves of the Brae Field In the North Sea are "well
      Reuter  -  318 words
    • Article
      Lock icon CITIES SERVICE FIRST HALF HIGHER
      155 5 Reuter CITIES SERVICE said It will be difficult to exceed last year's strong second half performance. The company reported first half earnings of U*****.7 million or <4.21 per share, up from $100.6 million or $3.71 per share a year earlier. For all of 1976 Cities
      Reuter  -  155 words
    • Article
      Lock icon Iran raises stake in Krupp
      172 5 Reuter ESSEN, Thurs. Iran has Increased Its participation In the basic capital of the non-quoted holding company riled Krupp GMBH to 101.57 million marks from 2ft,07 million nominal, thereby raising the Essen firm's capital to 601.57 million from 528.07 million, a Krupp statement said. This
      Reuter  -  172 words
    • Article
      Lock icon Continued pressure on Asarco
      125 5 Reuter ASARCO said until worldwide copper demand and supply is in better balance, its earnings will remain under pressure. It reported second quarter earnings of 50 US cents a share against 48 cents. In the full half year earnings per share came to 80 cents against
      Reuter  -  125 words
    • Article
      Lock icon Textron hopeful
      55 5 Reuter TEXTRON said that with sales and earnings continuing to show substantial gains over 1976, It expects 1977 earnings to top those of 1976. In 1976, Textron earned U553.23 a share on sales of $2.63 billion. Textron's first half earnings climbed to $1.70 a share from $1.53 in
      Reuter  -  55 words
    • Article
      Union sets strike date against AT & T
      108 5 Union sets strike date against AT T THE COMMUNICATIONS Workers of America Union set a strike date of Aug 7 against American Telephone and Telegraph and Its affiliated Bell System companies unless a new national labour agreement Is reached by then. The current three-year agreement between the company and the
      108 words
    • Article
      Lock icon Bell joins bid for Saudi project
      100 5 Reuter BELL CANADA said it will loin Philips of Holland and L.M. Ericsson of Sweden In a bid for a multi-billion dollar Saudi Arabian telecommunications project. Bell Canada president Mr. J.C. Thackray said the Saudi proposal envisages the complete modernisation of the Saudi telephone
      Reuter  -  100 words
    • Article
      Lock icon Standard Brands confident
      98 5 Reuter STANDARD BRANDS anticipates it will have a rising earnings trend In the second half this year, chairman Mr. F. Ross Johnson said. He said as anticipated the impact of low sugar prices on the rrice of the company's Isomerose brand high-fructose corn syrup accounted for the
      Reuter  -  98 words
    • Article
      Lock icon NORTON SIMON
      62 5 Reuter NORTON SIMON said It acquired the remaining two B»r cent Interest in Avis for Ss22 a share through a short form merger of Avis with a Norton Simon subsidiary. It said former Avis shareholders who did not previously tender their shares are being mailed material about the
      Reuter  -  62 words
    • Article
      Lock icon Socal well report
      86 5 Reuter STANDARD OIL Of California said its number 1-6 Pleasant Valley federal exploratory well in the thrust belt of south-west-ern Wyoming flowed 1,498 barrels of oil and 42,900 cu metres of gas a day. Socal said an earlier test of the uppermost part of the nugget flowed
      Reuter  -  86 words
    • Article
      Lock icon Matsushita expects 10pc sales growth
      242 5 Reuter OSAKA, Thurs. Matsushita Electric and Industrial will boost Its export sales by 10 per cent to nearly 42 billion yen for the year ending this November from the previous year's 38 billion, chairman Mr. Masaharu Matsushita said. He told a press conference the 10
      Reuter  -  242 words
    • Article
      Lock icon M.Hanover offering
      62 5 Reuter MANUFACTURERS HANOVER Corp said It will file a registration statement for a public offering of 2.75 million common shares and US$l5O million of 90-year sinking fund debentures. In a statement, the company, holding company of Manufacturers Hanover Trust, said Salomon Brothers, Goldman Sachs and Merrill Lynch will
      Reuter  -  62 words
    • Article
      Lock icon Fluorspar closure
      69 5 Reuter ALCAN ALUMINIUM said it will cease Fluorspar mining operations at St. Lawrence, Newfoundland, from next Feb 1 and the closing will adversely affect 1977 second half net by almost US$lO million. Alcan said it has been supplying its own requirements from the Newfoundland mines since 1972 and
      Reuter  -  69 words
    • Article
      Lock icon NATOMAS DECLINE
      54 5 Reuter NATOMAS said earnings from Indonesian production continued to decline in the second quarter to U8512.7 million from $19.4 million In the first auarter. It said liftings are expected to continue to decline for the rest of the year and in 1978, so It recently resumed active exploration
      Reuter  -  54 words
    • Article
      Slowdown in Flick dampens group expectations
      406 5 FRANKFURT, Thurs. There Is nothing as coy when It comes to discussing business as the directors or West German close companies. While this applies in fair measure to the men at the top of Dr. Friedrlch Flick's industrial flefdom, they opened up sufficiently last
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    • Article
      Lock icon EIB loan priced
      94 5 Reuter LUXEMBOURG, Thuri. The European Investment Bank 150 million mark, six per cent, 12 year loan Is priced at 99 per cent to yield 6.15 per cent, the EIB confirmed. Interest Is payable on Aug 1 each year and the Issue Is redeemable at par after four
      Reuter  -  94 words
    • Article
      Lock icon Mobil enjoys petroleum earnings rise
      225 5 Reuter MOBIL said first half profit form both domestic and foreign petroleum operations rose from year-ago levels due primarily to improved domestic prices and Increased production from the North Sea Beryl Field. First half US petroleum operations profit rose to US$239 million from $188 million
      Reuter  -  225 words
    • Article
      Lock icon General Foods outlook uncertain
      177 5 Reuter GENERAL FOOD 6 said the continued volatility of the world coffee market makes Its short-term outlook uncertain. The company today reported first quarter earnings of US$5O.7 million or $1.02 per share, down from $52.8 million or $1.06 a year earlier. Sales were $1.20 billion, up
      Reuter  -  177 words
    • Article
      Lock icon Trans-Alaska pipeline shutdown
      81 5 Reuter THE TRANSPORTATION Department ordered the Trans-Alaska oil pipeline temporarily to shut down to repair a faulty weld at the terminal point In Valdes. The shutdown came as the first oil to flow through the 1,290 km one pipeline was only 40 km away from Valdex after
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    • Article
      A. STORES
      29 5 ALLIED STORES raised its quarterly dividend to 27 1/1 US cents per share from 29 cento, payable Oct 20, to shareholders on the register on Sept 20.
      29 words
    • Article
      Lock icon Montreal 7-year Euroloan
      118 5 Reuter THE MONTREAL URBAN COMMUNITY has signed a US$2OO million seven year syndicated Euroloan, double the amount originally envisaged, Chase Manhattan Bank said as agent bank. Spread Is 1 1/4 per cent over London Interbank offered rates for the first four years with a margin of 1
      Reuter  -  118 words
    • Article
      Lock icon Beechams may up dividend
      210 5 UK COMPANIES Reuter BEECHAM GROUP chairman Mr. O.J. Wilkin* told the annual general meeting the Treasury has confirmed that an Increased dividend would be allowed under certain circumstances. He aakl the company has had further discussions with the Treasury on the need to increase the dividend
      Reuter  -  210 words
    • Article
      Lock icon Albright acquires Malaysian firm
      103 5 Reuter ALBRIQHT AND WILSON said It bought Josen Chemical, an unquoted Malaysian company which manufactures thermal phosphoric acid, for Ms 3 million In cash. The acquisition has the approval of the Malaysian Government on the basis that Malaysian participation will start In 1980 and will progressively
      Reuter  -  103 words
    • Article
      Lock icon Overseas operations boost Plessey profit
      189 5 Reuter PLESSEY reported first ?uarter pre-tax profit of 12.2 million (£10.25 million) on sales £143.4 million (£129 million). The company said the whole of the 19 per cent profit growth came from overseas operations. The board 911(1 the total order book at June 30 was
      Reuter  -  189 words
    • Article
      Lock icon GOLD FIELDS RESULTS
      305 5 Reuter JOHANNESBURG,Thurs. ,Gold Fields of South Africa said results of group gold mines for the quarter ended June 30 are as follows, In order taxed profit (million rand), gold produced (KG) yield (gram/tonne) and cost (rand per tonne milled with the previous quarter) In brackets: West Dries
      Reuter  -  305 words
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      Page 5 Advertisements Column 1
      115 5 Don't Decide Until You See Your Dream Home Nassim Mansion' The only apartments with Olympic Class Swimming Pool, Tennis Court and Golf Course. Best locality. Best environment. Best design. [i Best quality. Plus many other beautiful features we are unable to express in this advertisement. Therefore,you must visit yourself. Us**
      115 words
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  • Article
    Untitled
    2244 6 Hid 1§T7 1 Lmm Last Sale Vi Dh •Sv Qr*s f Nat P/B Vd ■fU SECTION ONE INDUSTRIALS 154 204 M 230 101 IM* 199 223 390 171 130 172 58 212 57 155 152 in 350 145 Acma Alcorn Allied Choc Bat* Ben Boustead Bousteadco CfcC CCM Chem Ind
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  • Article
    Transactions in Singapore
    1123 6 iBB> ut offer prttm nfflrtoto IMtod Mad tMMfeMM in tad rapartoa to tha Stock Maw* of Kmmi irir aMh iwhar oflharaa ttadad iMjm totoadtoto***** iW»antt« BHtliaiiut Cootmu art quoted ■(tor tba wort "flatt." Bto totri quoMti aer > tfi« O W«er < Ba ■enow owl industrials Am
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  • Article
    In Kuala Lumpur
    1431 6 810 and offer prtcee officially luted and business in and reported to the Kuala Lumpur Stock Exchange yaaurdair with the number of share* traded ahown in bracket* tn IoU of 1.000 units unless otherwise specified INDUBTBIALS Ajlnemeto (IMB 2.018) (1) 2.00, (1) I.M. AJeaat (IMB IMS). A.
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  • Article
    Stock options
    39 6 BTMMNO irtaaa af tka fM— aflktalljr Uatad aa tka Stack Eumm af Siagapara, tka parte*. HdaadaSr prtaaa ui hualaa— Aaaa jaMa 4ay, with tka aaakar af aptia— traM akawa ki tnatak. U O B (Dec 33.20) (0.15B)
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  • Article
    Unit trusts
    141 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (M»aa—»' prUe far <My »> <C—i—1 p fan) The Commerce 1.71 1.S1 INCOME BOND l.M 1.12 The Savtaf Fund S pore Prof Fund O.M 1.03 0.19 0.00 MARA BUMIPCTRA FUND 8 pore Security Fund 1.57 l.M 1.02 l.Otad Flrrt Bumlputra 2.14 I
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  • Article
    CORPORATE BONDS
    151 6 B O T 8 1/3% IMI (100,000) ilo3*B 103*8) t O T 7 5/8* 1064 (100,000) (006 99*8) C B J PkwßM p|g§|flM IMS (100,000) (98*B 90*8) Onmt Lyauala FWattec 1968 (100,000) (00*8 086) DBS Canrti 6 1/3% IMI (100,000) (96*8 96*8) D 8 8 8 1/3% 1863
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  • Article
    GOVERNMENT BONDS
    100 6 fttt Sp* l D 7* I*B2 (100,OA)) (100%8 101*8) ®*F 8»or» 1/2% 111 l (106,000) (99M8 1006) «*P 1 5/4% 1917 (100,000) (100HB 101*8) 5 1/4% 11/7/7S (250,000) (101.458 101.578) 4 2/4% 1/5/79 (250,000) (100.858 100.928) 5 1/4% 15/11/79 (250.000) (101.958 102.058) fassess <2501K,0 1/4% 1/12/59 (250,000) (104.SOB)
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      Page 6 Advertisements Column 1
      178 6 Confront Singapore's decision makers in Business limes I 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
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  • Article, Illustration
    SENTIMENT IMPROVES
    531 7 AFTER falling far tkree consecutive days, share prices recovered slightly in Ught trading on the Stack Exehaage ef Siagapore However, meat ef the baying attention was fee—ad en second and third liners which sear geed gains, raising the Business Times index, which aaoniters the day's 1# aaat active
    531 words
  • Article
    KLSE SCORES GOOD GAINS
    465 7 CENTRAL Sugars yesterday saw strong gains, leading a general market recovery on the Kuala Lumpur Stock Exchange. The counter opened with a two-cent increase in the morning to advance steadily with firm buying support to close at $3.64, up 30 cents. After opening higher, share prices
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      338 7 HONOKONO: The market closed slightly firmer altar an easy opening an Thursday on Increased buying interest in fairly active trading, dealer* aald. The Hang Bene index dosed 1.44 point! up at 414.96. llnß|kH| Land roee me eenu to 68.75 and Balhslssa 2.80 osnto to $3.30, while »wfc» PidAt fell
      338 words
    • Article
      Tokyo
      477 7 TOKYO: Share prices fell sharply to a year's low following the record monthly us trade deficit with Japan In June and the overnight fall on Wall Street, dealers said on Thursday. The Dow Jones Average lost 54.50 to close at 4,*****, its lowest since Dec. 20 last year, with
      477 words
    • Article
      Sydney
      327 7 SYDNEY: The market cloeed lower, Influenced by selling in London, particularly of mlnea, dealers aald on Thursday. The Bydney All-Ordinaries index fell 3.67 points to cloee at 438.82. BHP feU 22 cents to 86.82 on turnover of 82,000, while CBR fell eight cents to 83.00, PanconUnental 50 cents to
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    • Article
      Manila
      132 7 14ANLIA: The market closed mixed on Thursday with olla and commercials tending slightly higher while minings declined, dealers said. Turnover (ell sharply to 3.90 million pesos from Wednesday'! 9.99 million. Atlas and Pfcilm lost three and one points respectively but others were unchanged. In oils, Phil O i Kim
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    • Article
      Bangkok
      91 7 Asia Fibre Bangkok Bank IM Ml -1 -1 Banfkok In*eat Bangkok-Metro-poll tan Bank Sit +t Bata Berll Jucker CharoonfThal Wire 678 SM lit 14 ta ♦s Duslt Than] MD PU»r Martin First Trust Indo-Thal Industrial Finance Corp JAndJHo Jalaprathan Cement IMS 1236 M4 131 +4 unch ♦M •1 LeeKwaneMln
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    • Article
      Amsterdam
      285 7 AMSTERDAM: The market closed narrowly mixed on Wednesday with losses, although limited, slightly predominating, dealers said. Royal Dutch lost 0.80 guilders in otherwise steady Dutch internationals Elsewhere KLM firmed 4.10 Builders ahead of Its first 1877/ 78 quarter figures to be announced on Thursday. Shippings mostly firmed with gains
      285 words
    • Article
      Brussels
      143 7 BRUBBELS Share price* closed mixed In quiet trading, bourse sources said on Wednesday. Aeec, BecOa and St Reek rose while Clikw*, Momm and Ceckarill were lower. In foreign stocks UK and US (ell and most Oerman shares were lower, Dutch were little changed-and French steady. All three Petreflaa stocks
      143 words
    • Article
      Frankfurt
      328 7 FRANKFURT: Bhares cloeed mixed after a firmer opening, bourae sources said on Wednesutilities RWE roes 1.36 and Vew 1.80 marks while in autos VW was up one mark but Daknlar lost 3.80 marks. Hectrtcals were lower wtth BBC down two marks and Varto down three in chemicals Dsgeeea eaaad
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    • Article
      Milan
      153 7 MILAN: The market moved irregularly higher In quiet trading on renewed light proflttaklng, d«tl«ri Mid on Wednesday. Flat, both PIrWH and Olivetti, Montadiaon and Snia Viae—a closed higher, while Aak wu again lower on announced loaaea for the first five months of the year. Elsewhere banks, insurances and flnanclals
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    • Article
      Paris
      321 7 PARIS: The market firmed In thin trading on Wednesday with Tuesday's television Interview with Prime Minister Raymond Barre having little Impact on trading, dealers said. Portfolios and foods were stronger, with motors well maintained and banks mixed, while all other sectors recorded small gains. Americans firmed despite Tuesday's fall
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    • Article
      Zurich
      300 7 ZURICH: The market cloaed steady In continued small trading volume on Wednesday, drawing some support from the recovery of the US dollar, dealers said. Both Bwlasalr stocks advanced slightly In transports. Among little changed leading banks KnAUaMtk firmed on sustained demand. Bally bearer and Farfce led flnanclals mostly higher,
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    • Article
      Jo'burg
      324 7 JOHANNESBURG: Gold shares were quietly mixed while financial mlnlnss were very quiet and occasionally easier on Wednesday. De Been moved off the bottom. trading two cents easier at 475 after 473 earlier. Coppers were mostly firmer, and tin shares continued firmer on Indications of higher tin prices. Rooibrg gained
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    • Article
      Toronto
      299 7 TORONTO: Share prices fell steeply on Wednesday with a 12.8 point drop In the composite index leaving the market with Its sharpest day's decline since last November 10, the first session following the election of the separatist Parti Quebecols. Each of the 14 components of the composite Index was
      299 words
    • Article
      New York
      1303 7 NEW YORK: BstMeh— Steal Carp's announcement of a dividend cut sent shock waves through an already depressed stock market on Wednesday, pushing prices to their lowest levels in more than 18 months.. The second largest U8 steel maker and the most actively traded New York Stock Exchange Issue
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    • Article
      Indices
      62 7 FINANCIAL TIMES INDUSTRIALS Wednesday 434.5 Tuesday 430.1 Week Ago 439.1 DOW JONES AVERAGE INDUSTRIALS Wednesday 888.43 Tuesday 908.18 Week Ago 920 48 LONDON DOLLAR PREMIUM Wednesday Ill* to 112 Tuesday 114 to 114* H.K. HANG SENG Wednesday 413.50 Tuesday 414.03 Week Ago 428.32 SYDNEY INDUSTRIALS Wednesday 387.08 Tuesday 388.82
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      Page 7 Advertisements Column 1
      287 7 BUSINESS TIMES Airline Directory 110-112 Show Curtit, Orchard I (Tal: 277.111) Air Ceylon 302-B, 3rd Floor, Moriao Hohm Shoatoa Way, Siii|ip»w (1) (Tel: ******0) Mr, ICS MHm, 1 (Tal: *****11) Air India 16th Floor, UIC (Tal: 2205^77) 1. (Tal: *I*J44) Holy'* World AirOwa (T«L 274*44) 10th Floor, SIA 77 RoMaaaa
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  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      460 8 ON the Singapore rubber market yesterday, values were marked down 2.2 scents at the outset following lower overseas advices but thereafter recovered on fresh buying in nearbys and forwards, dealers said. Turnover was small. The morning session closed slightly easier with August RSS One buyers
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    • Article
      R.A.S. PRICES
      311 8 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 190.23 191.25N 190.75 191.75N Int. 1 R.S.S. August 191.75 192.00 192.25 192.50 Int 1 R.S 8 September 193.00 193.50 193.50 194.00 Int. 2 R.S.S. 189.75 190.75N 190.25
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    • Article
      SSR AND SMR
      92 8 NOON SSR and SMR prices yesterday R.A.8. (Com lot MU) Seller* 8i| <F*n ptember raHMlk) Buyer* Buy en I Seller* (cent* P«kc) (<*■ U)«rk|) SSR 20 (1-ton Pallet) 190 00 192.00N 191.00 193.00N SSR SO (1-ton Pallet) 187.50 189.SON 188.50 190.SON M.R.E.L.B. SMR5CV (1-ton Pallet) 212 50
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    • Article
      Closing prices
      30 8 Rubber: July 28 Singapore: August 112.25 easts (down t.W Mat) Malaysia: August 193.50 cents (down 0.50 out) Tin: 11,606 (down 910) Official offering: 156 tonnes (down 25 tonnes)
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    • Article
      Rice
      212 8 BANOKOK. Thurs. Indicatlve prices quoted here were: ■White Rice. 100 per cent Ist clue 906 100 per cent 2nd 290 100 per cent 3rd 280 5 per cent 277 10 per cent 293 IS per cent 290 20 per cent 247 25 per cent 238 35 per cent unq
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    • Article
      Produce exchange
      453 8 COMMODITIES finished generally mixed on the Singapore produce market yesterday. Poor acceptances by foreign buyers were reported for most commodities. A slightly easier condition ruled In copra and coconut oils despite a steadier trend In the Chicago soybean market. The marking down of prices by the Philippines down
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    • Article
      Coffee
      361 8 LONDON. Thurs.. Futures ended the opQßing session steadier £5 higher to £33 lower compared to* yesterday's close after Initial losses of £70 to £30. Commission house, local dealer and outsider buying erased most of the earlier losses particularly In September and November where trading was active. At end call
      361 words
    • Article
      Palm oil
      63 8 C.I.F. Rotterdam. U8dollar! per ton LONDON: Wedeeedey Preview Malaysia 5* ffa bulk 515 sir Sept 515 sir Sumatra 5H 510 pd July 510 pd Aug Sept 555N 556N 532.50 sir 525 N Oct. 505 sir 507 Nov. 510 qtd 510 qtd Nigerian 5* ffa bulk unq unq ROTTERDAM:
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    • Article
      Cocoa
      173 8 LONDON, Thurs. Terminal cocoa went Into an early decline on New York and currencv factors, taking in a £40 limit drop In December at £2,495 and proportionate losses In other positions. Spot July was under exceptional pressure prior to expiry tomorrow and recorded special limit call losses from yesterday
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    • Article
      Straits tin market
      260 8 THE Straits tin price in Penang yesterday was down 610 to $1,606 on an official offerlnc down 26 tonnes to 196 tonnes. In LONDON yesterday morning, tin closed around £62 per tonne down for cash and £66 lower for Three Months standard. High grade was £60 and
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    • Article
      Sugar
      315 8 LONDON, Thurs. Terminal sugar In the morning was £0.80 down (near Algust at £112.80) to £0.50 They said sentiment may also have been influenced by nervousness In front of today's Kenya buying tender for 70,000 tonnes of whites for shipment spread through from early August to June next year.
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    • Article
      Hongkong comex
      294 8 HONGKONG, Thurs. The cotton futures market closed firmer In fairly quiet trading, closely In line with the Irregular overnight closing in New York, dealers said. Most trades were done In December, which rose 0.35 cent on commission house new buying. May closed unchanged, while others months gained 0.03
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    • Article
      Soybeans
      153 8 CHICAGO, Thurs. Soybean futures yesterday rose as much as 18 cents a bushel In early dealings but slipped back from their highs as trading thinned. Around midday, prices were up 6V4 to 2V» cents a bushel. There were 55,000 bushels of soybeans delivered in the morning. Soybean futures spent
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    • Article
      Wheat
      82 8 CHICAGO, Thurs. Wheat futures yesterday slid back from a small initial advance and were fractionally lower around midday. With the market continuing to show some stability and resistance to downward pressure, light speculative support was encouraged early by strength In soybean futures. Light selling pressure appeared, however, as beans
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    • Article
      Copper
      325 8 LONDON, Thurs. Copper in the morning fell by £6.50 C tonne for cash and £7.60 Three Months wlrebars. Prices drifted lower in the pre- market on lack of Incentives with firmness in sterling a contributory factor, dealers said. But the market held steady in the ring as further liquidation
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    • Article
      Silver
      196 8 LONDON, Thurs. Silver In the morning recorded losses of two to 2.2 pence per troy ounce. The early pre-market was subjected to liquidation and stoploss selling following the overnight drop at New York with Three Months traded down to 266.8 pence. Three Months was trading finally at 268.4 pence.
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    • Article
      Gold
      352 8 THE kllobar opened lower at 8(11,420 on the Singapore gold market yesterday. Selling In the loco London market brought prices down to a low of 8111,370 before a small rally set in and prices recovered slightly to 11,400. However, consistent selling pressure brought prices to close at SSIL37S. In
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    • Article
      Lead
      100 8 LONDON, Thurs. Lead prices in the morning were £3.25 down for cash and £2.50 per tonne lower for Three Months. Three Months traded down to £319 per tonne. But In the ring moderate selling was well absorbed by shortcovering On Wednesday afternoon, lead closed £5 down for cash and
      100 words
    • Article
      Zinc
      85 8 LONDON, Thurs. Zinc In the morning was £2.25 down for cash and £2.75 lower for Three Months. In the ring, however, scale-down buying and shortcovering gave some support and resulted In a turnover of 1,100 tonnes. Three Months finished at £315.50 per tonne. On Wednesday afternoon, zinc ended the
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  • MONEY AND EXCHANGES
    • Article
      Singapore
      542 8 TRADING on the Singapore foreign exchange market was quiet yesterday. Sterling saw hectic moments during the first hour of trading from the opening of U551.7395/1.7405 with small buying Interests following Britain's announcement of the suspension of unofficial links between the pound and the US dollar. But it remained steady
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    • Article
      Minimum lending rates
      51 8 acbc (V, CH CH Citibank CH Bangkok Bask Bank at America Bank at Ckina 7 •H 7 HSBC «H «H S v Bank at Tokyo V* Mitaui Bank l 4 Book Nacara ladoaaaia Ckartarad Bank 1 OCBC OUB UCB 7 rv«mm MukitUl th L'MBC 7 DBS f*
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    • Article
      Asian $ rates
      152 8 Asian rates ASIAN cuircnc) rata u at close dapoalt Interbank on July 28 US Del Offer Ian (Spat) Bid 7 day* 1 mth 2 mth* S mth* a mth* Omth* 12 mtlu 5 a/ia t 11/16 5 12/16 S 15/16 1/4 2/1 1/2 •rn.m. (Mtttk 5 7/16 ft M 9
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    • Article
      Discount
      47 8 RANOE of prtCM offered by dlacount houM* on July 38 Overnight 3 to M Call Deposit 2 V. to JH 3-Month TreMurjr 3-Month Bank Mill bUU 3 1 41/16 i 7/a S 15/16 3-Month C T> 47/16 4 5/16 4 1/3 Source: National Discount Co. Ltd.
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    • Article
      Euro $ rates
      128 8 Euro rates LONDON, Thurs. Eurodollar deposit rates showed a generally firmer trend in relatively active trading, reflecting last night's higher federal funds rate, dealers said. End-month book squaring operations were also reported. Period rates were adjusted higher on the lon of the Friday dealing technicality. The One Month rate gained
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    • Article
      New York
      159 8 NEW YORK, Thurs. The dollar closed slightly weaker yesterday after an erratic trading session which included news of a record US trade deficit in June of $2.82 billion, dealers said. In afternoon trading here, the dollar's slide against the mark was stopped following remarks by German Finance Minister
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    • Article
      London
      201 8 LONDON, Thurs. Sterling was very firm, reflecting steady demand, with the Bank of England intervening at times to eliminate volatile movements in the UK unit, dealers said. Against the dollar, sterling traded around 1.7416/21, up from 1.7370/80 overnight and the New York close of 1.7390/7400. The pound also strengthened
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    • Article
      Hongkong
      135 8 HONGKONG, Thurs. Sterling firmed to close at U551.7412/18 as the Bank of England ceased the regional Intervention reported earlier, dealers said. The dollar fluctuated erraticaly against the mark, rising to 2.2605/ 15 in early afternoon trading but falling back to close at 2.2560/70, virtually unchanged on the New York
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    • Article
      Tokyo
      70 8 TOKYO, Thurs. The US dollar for overnight delivery closed higher In active trading at 265.05 yen, up from 264.70 at the opening and 264.73 at yesterday's close, dealers said. The dollar for immediate delivery closed at 264.95 yen, compared with 264.97 at the opening at 264.80 at yesterday's close.
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    • Article
      Australia/NZ
      47 8 AUSTRALIA/NZ exchanges on July 28. Australia: Sterling 0.6806/0.6436 US dollar 1.1283/1.1235 Ninety-day air mall buying rater Stertlnc 0.6603 US dollar 1.1541 Ninety-day forward buying rata*: Sterling 0.6501 US dollar* 1.1176 New Zealand: Stertlnc .5624/ .5562 US dollar .9617/ .6717 Ninety-day forward rate: StertingTuiO US dollar *****
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    • Article
      Zurich
      47 8 ZURICH exchanges closing quotes on July 27: US 2.3660-3675 UK 4 .1445-1460 Can 2.2380-2410 W Oerm 106 74-67 NeU> 06.67-61 France 40 46-52 Belg 6 .1044-61% Denm 40.33-36 Norw 45.66-72 Sw«d 56.36-30 Italy 6.2710-2713 Austria 14 66-66 Port 6 22-34 Spain 2-Sl-Sl* Arg 0.56-66 Japan 0.96-60*
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    • Article
      Frankfurt
      33 8 FRANKFURT exchanges opening quotes on July 28 US 2.2966/90 Can 2.1210/30 UK 3.M0/M5 Neth 93.26/36 SwtU 64.40/90 Italy 2.504/972 rranee 46.60/60 Norw 43.15/15 Belg com 6.430/440 Belg fin 6.36/46 Japan 0 6536/50
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    • Article
      Eurobonds
      310 8 LONDON, Thurs. Straight Eurobonds traded easier among U8 Issues while others continued generally steady to firm, dealers said. U8 and Japanese convertibles were marked down following trends on home markets, dealers said. LONDON Eurobond price* on July 28 Straights BU Oflhr Austria 8V, 90 102 102V. Bell Canada 8%
      310 words
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      Page 8 Advertisements Column 1
      146 8 Don't let the language barrier stop you from wider contacts ,or <} MV TV 1 1 «L \v> xo sS d tr* c\ r w \o e 6%^ \N f* V aO oy \e a s o° 6 *?> nN t* V>* 0 <*- O YOU SIMPLY CANNOT FAIL WITH
      146 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      SIA plans another US Exim Bank loan
      303 9 SINGAPORE Airlines may borrow from the US ExportImport Bank again to finance the purchase of four DC 10-30s aircraft,. worth $410 million. But no firm decision on this matter has been taken yet. The 260-seat DC 10s are earmarked for services In the
      303 words
    • Article
      Seadock left in deep waters
      141 9 WASHINGTON, ThUTS. The withdrawal of Exxon Corp, Mobil Corp and Gulf Oil Corp from the Seadock deep water oil port project off Texas has left the project without enough financing to continue, Seadock president Hugh Scott told Congress. He said the port was planned for
      141 words
    • Article
      Aden deal
      23 9 ADEN, Thurs. The Aden Port Authority and the Indian company Mozagon Dock concluded a US$2 million (Sss million) shipbuilding agreement here.
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    • Article
      Lock icon Japanese agree to talks on UK car sales
      495 9 FT TOKYO, Thurs. Japanese motor manufacturers have reluctantly agreed to meet representatives of the British industry in Tokyo on September 6 after heavy pressure for talks on limiting Japan's rapidly rising commercial vehicle sales in Britain. The talks follow a strongly worded
      FT  -  495 words
    • Article
      Honda buys from Ford
      85 9 TOKYO, Thurs. Honda Motor Co. has contracted to import a large number of sub-compact cars from Ford Motor's West German and British subsidiaries for the Japanese market, company officials said. Officials said a whollyowned Honda subsidiary will Import the 1,60ff-cc Fiesta from Ford Werke (West Germany)
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    • Article
      Lock icon Big govt boost for French shipbuilding
      408 9 Reuter PARIS, Thurs. The French Government agreed on a 900 million franc (8*455 million) shipbuilding Industry aid programme, the Supply Minister said. Supply Minister JeanPierre Four cade said the aid is conditional on the yards reorganising into two main groupings and reducing overall production
      Reuter  -  408 words
    • Article
      Pacific Far East sale
      86 9 SAN FRANCISCO, Thurs. Pacific Far East Line Inc said it signed a memorandum of understanding to sell four ships for US$B2 million (Ss2o2 million) to Sea-Land Service Inc. Besides the $82 million, Sea-Land would assume the remaining portion of the Pacific Far East's conversion contract with
      86 words
    • Article
      Seaspeed America
      76 9 "SEASPEED America", third In a series of roll on/roll off (ro-ro) ships owned by Seaspeed Services, will make her maiden call at Singapore on Aug 5. She will Join her sister ships on the Singapore West Asian trade. The three ships will provide the only regular ro-ro service
      76 words
    • Article
      Arya affair
      38 9 TEHRAN, Thurs. Farrokh Reza Moasser. managing director of the Iranian National Shipping Company (Arya), left here for Japan to attend the launching of a freighter ordered by his firm, the official Iranian news agency, Pars, reported.
      38 words
    • Article, Illustration
      IN PORT
      305 9 ARRIVALS EXPECTED TODAY KEPPEL WHARVES Benalbanach (1500 after Pampa Argentina) 45 Black Whale (H3XE) (0800) 25/26 Dong Yun (3FVC) (after Vega) 44 Don Eduardo (6ZNR) (0700 29/30 Golden Source (1500) 23 Idaho (KNKF) (after Prima King) (Draft 9.4 m) 8/7 NehaJ (0700 Must sail not later than 1100/
      305 words
    • Article
      Saw company wants slice of local mart
      296 9 A New Zealand company, with a revolutionary highspeed saw for cutting through steel. girders and plates in the construction and shipbuilding Industry, will exhibit Its equipment here next week and will seek representation for the region. Donaldson Engineering Ltd of Auckland will be
      296 words
    • Article
      Lock icon Juneau to carry first Alaskan pipeline crude
      304 9 NYT NEW YORK, Thurs. During the first week of August, barring major catastrophe, an ocean tanker dubbed the Arco Juneau will depart the oil terminal at valdes, Alaska, carrying the first 120,000 tons of crude oil to flow from the Alaska pipeline. The
      NYT  -  304 words
    • Article
      Lock icon Airlines turned down on Orient routes
      177 9 AP WASHINGTON, Thurs An administrative law Judge recommended that the US Civil Aeronautics Board deny applications from five U8 airlines to operate between Seattle-Portland and Tokyo. Judge William Madden found that the route did not Justify more competition. Turned down were Branlff, Continental, Pan
      AP  -  177 words
    • Article
      Lock icon Carter to make his choice by Nov 1
      150 9 Reuter WASHINGTON, Thurs. President Carter plans to select domestic airlines for new routes between Atlanta and London, and Dallas and London, by November 1, the Civil Aeronautics Board said. The board said Mr Carter asked for Its recommendations on the selections by
      Reuter  -  150 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      597 9 ARRIVALS Oaiiw Laetl Oparmlar Nakir Itaa Fra KAL CAL MAS PAA OIA SIA OIA OIA PAL RBA SIA KLM MAS SIA THAI OIA SAS KE807 CT331 MH682 PA847 OA90O 8Q211 OA944 OA0O6 PR501 BI32S SQ240 KL833 MH884 SQ201 T0413 OA982 SK973 0015 0040 0810 0810 1090 1045
      597 words
    • Article
      Lock icon London freight market
      231 9 AP LONDON, Thuri. Although several miscellaneous North and South American grain orders were filled, the main Interest on a rather quiet day's freight market occurred In the Far East where time-charter activity tended to adopt a more healthy volume yesterday. Indeed, an encouraging rate move was noted
      AP  -  231 words
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      Page 9 Advertisements Column 1
      37 9 Peter Benchley ■v» a* 'Better than JAWS, ever escalating shocks' -TIME 'Cracking entertainment 1 -£U//J TELEtiRAPH 4 For the second time -the b<K>k you can't put down' -DAILY MAIL A Now on Sale at your regular bookshop
      37 words
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  • Article
    Lock icon When a state goes into commercial banking
    1706 10  -  DELAWAREAN MIGRAINE By JAMES GUTMAN NYT WILMINGTON .(Dela- I ware): Should a state be In 1 the commercial banking t business? Officials in Delaware, i which a year ago moved 1 from a 49 per cent position i In Fanners Bank to control
    NYT  -  1,706 words
  • Article
    Widening local cinema scope
    1167 10  -  By SOH SIAM LOH A NEW commercials service Introduced by cinema advertising contractors, Pearl and Dean, Is expected to inject greater activity Into cinema advertising which has been In the doldrums as mora advertisers have over the years abandoned the big screen In favour of TV.
    1,167 words
  • Article, Illustration
    Lock icon The Brazilian presidency
    894 10  -  ULTIMATE MILITARY PROMOTION By DAVID VIDAL NYT RIO DE JANEIRO: A tew weeks ago, only a handful of Braslllans knew anjrthlng about the life, hobbles, thinking or habits of a withdrawn but influential army general named Joao Baptlsta Flguelredo. As the chief of the national Intelligence service
    NYT  -  894 words
  • Article
    $ 1 million personal loans
    1306 10  - 1 million personal loans This is the third of a series of articles baeed on four months of research into GULF AND WESTERN INDUSTRIES, the worldwide conglomerate. It was reported and written by SEYMOUR M. HERSH, a Pulitser prise-winning investigative reporter, and JEFF GERTn. SEYMOUR M. HERSH IN THE FALL
    1,306 words
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      Page 10 Advertisements Column 1
      148 10 GAMBLERS HANDBOOK 0$ u 2* f/ ■0 H (IP rts 4 I ?< Oi Bin 5 b K li P f ti> F 16/ r, IS by E. Lonox Figgis F.C.A. A practical handbook sxplaining how batting takas placa on tha world's matt popular batting pattimat, including horsos, dogs, football
      148 words
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    Lock icon Access to markets is key to stability
    494 11 Reuter WELLINGTON, Thurs. Anxus ministers ended their annual council meeting here today with an acknowledgement that access to world markets was important for global and regional stability. The three partners in the defence alliance New Zealand, Australia and the United States said their
    Reuter  -  494 words
  • Article
    Banks here invest in newsletters
    273 11 MORE AND MORE local banks are publishing newsletters to promote staff as well as public goodwill. Among the banks making use of this communications instrument are Oversea-Chinese Banking Corporation, Overseas Union Bank and United Overseas Bank. UOB is apparently the chief spender among the three
    273 words
  • Article
    NZ trade show to open on Monday
    136 11 THE New trade exhibition will he Jointly opened by New Zealand's trade commissioners from the five Asean countries on Monday. This gesture symbolises the close relationship between New Zealand, Indonesia, Malaysia, Philippines, Singapore and Thailand, the organisers of the exhibition said. The New
    136 words
  • Article
    Lock icon Brunei increases its LNG stake
    152 11 AFP BANDAR SERI BEGAWAN, Thurs. The Brunei < Government has bought 1 one third share in the LNG Company, according to a government announce- ment. The purchase of the new shares makes the Govern- i ment equal partners with Shell and Mitsubishi In the i
    AFP  -  152 words
  • Article
    Floating rate notes gaining in popularity
    498 11 FLUCTUATING interest rates considerable uncertainty abeut their future tread will increase the popularity of rate notes as a financial instrument, according to n leading Swiss hanh. FRNs, as they are called, are enjoying increasingly widespread success and have stood up well to the teat
    498 words
  • Article
    Lock icon Fall in US exports to Soviets
    122 11 UPI MOSCOW, Thurs. Overall exports of American products to the Soviet Union fell nearly 23 per cent during the first five months of 1977, led by a sharp drop in farm sales. The United States trade office in Moscow reported that US exports to
    UPI  -  122 words
  • Article
    Lock icon Crude steel production down
    120 11 Reuter BRUSSELS, Thurs. Crude steel production fell to 220.4 million tonnes In the first half of this year from 222.3 million in the same period of 1976 In the 29 countries belonging to the International Iron and Steel Institute, (IISI) said. Production In EEC states and
    Reuter  -  120 words
  • Article
    Lock icon Trade barriers, not exchange rate, worry HK more...
    730 11 Reuter HONGKONG, Thurs. The Hongkong dollar seems to be doing fairly well at present levels and there are more worries about manmade tariff barriers for textiles and other products than about the exchange rate. Hongkong and Shanghai Banking Corp deputy chairman Michael
    Reuter  -  730 words
  • Article, Illustration
    Lock icon Sri Lanka govt to probe alleged graft among officials
    315 11 Reuter COLOMBO, Thurs. The new Sri Lanka Government yesterday decided to probe alleged corruption among local officials and to appoint a minister to each of the island's 22 revenue districts, official sources said. A Cabinet meeting In the hill town of
    Reuter  -  315 words
  • Article
    Lock icon Brazil planning to buy Indonesian coffee
    260 11 UPI SAO PAULO. Thurs. The Brazilian government trading company, Interbras, which bought 250,000 tonnes of coffee on the London market on Monday as a means of bolstering a dropping International coffee price, is also planning the purchase of an unknown large quantity of Indonesian
    UPI  -  260 words
  • Article
    Lock icon Saudi loan for Bangladesh
    160 11 Reuter AMMAN, Thurs. Saudi Arabia will lend 176.5 million rlyals (about Ssl2o million) to Bangladesh under an agreement signed in the Saudi summer capital of Taef yesterday Riyadh Radio said. The loan will finance part of a railway project costing about $518 million. The agreement was
    Reuter  -  160 words
  • Article
    Lock icon Unload Aussie sugar, call
    279 11 AFP TOKYO, Thurs. A highranking Japanese government official In charge of sugar and other commodity imports criticised the Japanese sugar Industry's decision not to accept raw sugar from four Australian ships now in Tokyo Bay. Katsuml Suglyama, director of the Agriculture Forestry Ministry's Food and Marketing
    AFP  -  279 words
  • Article
    Lock icon Mekong panel meets in Vientiane
    168 11 UPI BANGKOK, Thurs. Delegates from Laos, Thailand and Vietnam met in the Laotian capital yesterday to resume action on developing the Mekong River into a major economic support for the region, Radio Vientiane said today. The broadcast, monitored here, did not mention the fourth member
    UPI  -  168 words
  • Article
    It's Allied Chocolate
    42 11 ALLIED Chocolate, franchise holders of Van Houten products, are the local Manufacturers of Twinkles and not Highland Chocolate Products as reported In Business Times yesTwinkles Is Van Houten's answer to the imported Smarties In the local sugarcoated diagees market.
    42 words
  • Article
    Lock icon Fukuda to discuss yen credits
    110 11 Reuter TOKYO, Thurs. Japanese Prime Minister Takeo Fukuda will probobly discuss the supply of bilateral yen credits during visits next month to six South-east Asian countries, a senior Ministry of Trade and Industry official said. Mr. Toshihiko Yano, director-general of the International Trade Policy Bureau,
    Reuter  -  110 words
  • Article
    Lock icon Higher steel exports in June
    137 11 Reuter TOKYO, Thurs. Japanese steel exports rose by 15 per cent In June, but total exports for the first six months of this year were down compared with the same 1978 period, the Iron and Steel Federation said here today. Japan exported 3.04 million tonnes
    Reuter  -  137 words
  • Article
    Lock icon Hongkong shares to lose more ground
    546 11 Reuter HONGKONG, Thurs. Hongkong stock prices may ease further on continued lack of support as there Is little prospect of any news to boost the market In the near term, according to brokers. The Hang Seng index of leading stocks fell 0.53 points to
    Reuter  -  546 words
  • Article
    Lock icon MAIN ATTRACTION
    48 11 AFP TAIPEH, Thurs. Africa has become an increasingly attractive market for Taiwan, but West Africa is probably the main attraction. West Africa, possessing one-third of the continent's population, accounted for 34 per cent of Taiwan's 1976 total trade with Africa, valued at U*****,560,000 (about Ssl.l billion).
    AFP  -  48 words
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      Page 11 Advertisements Column 1
      222 11 SEE PAGE 4 APPOINTMENTS Tradiig Mwager for HoifkMg A major company engaged in distribution of refrigerated and nonrefrigerated foodstuffs is seeking a manager for its trading office in Hongkong. Applicants should have a demonstrable record in sales and sales administration. Sufficient maturity to manage and develop trading office will-be expected.
      222 words
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      Page 11 Advertisements Column 2
      265 11 A THE INSTITUTE OF BANKING AND FINANCE invites applications from suitably qualified and experienced Singapore Citizens/Permonent Residents for the post of EXECUTIVE $14,400 $30,000 per onTo assist in the organisation of od hoc courses, seminars and talks. To assist in the organisation and supervision of the Institute's structured courses and
      265 words
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  • Article
    Elizabeth Sam is elected chairman of IBF
    288 12 MRS. Elisabeth Bam, chief manager of the Monetary Authority of Singapore, has been elected chairman of the Institute of Banking and Finance (IBF). Mrs. Sam, who was elected at a recent IBF council meeting, takes over the chairmanship from MAB managing director, Mr.
    288 words
  • Article
    Uniform 7-digit in future
    102 12 SINGAPORE'S telephone network will have a uniform seven-digit numbering scheme In 10 years, with the exception of special service numbers like Directory Assistance, which win retain their three-digit numbering schemes. According to the Telecommunications Authority of Singapore, there are plans in the next five years to
    102 words
  • Article
    Urgent mail
    66 12 THE Local Urgent Mall service (LUM) run by the Postal Services Department comes into operation on Monday, replacing the Bresent8 resent Express Delivery ervlce which will be retained as an international express service for Malaysian mall. LUM provides for fast transmission and delivery of correspondence, documents and other
    66 words
  • Article
    PUB rate hike? Public may get cue from minister
    856 12 WILL THE Public Utilities Board, which in the past 3 ft years has absorbed a 17 per cent rise in fuel oil costs with some murmur but without passing them on, continue to do so? Consumers should have an inkling of
    856 words
  • Article
    Pacific Dev's application set aside
    248 12 PACIFIC DEVELOPMENT Credit said yesterday that Its application to have the Malaysian High Court Judgement against the former chairman of San Imperial Corporation, Mr. Choo Kim San, registered In Hongkong has been set aside on technical grounds only. "Counsel has advised reregistration of the Malayslan
    248 words
  • Article
    Aim of Thai tourist office
    158 12 THE Tourist Organisation of Thailand's office In Singapore, to be opened soon, will be used as a base to double the number of Asean tourists visiting Thailand within the next five years. The office to be eet up in the Thai Embassy will be the
    158 words
  • Article
    LONDON STOCKS
    737 12 LONDON. Thurs. Stock prices rose In a quiet session, dealers said. At 3 p.m. the FT Index was up 6.1 at 440.6. Leading industrials were up ftp higher, but oils were mixed ifter the weakness on Wall St eet. Banks gained between 3p and 5p on the day.
    737 words
  • Article
    Study of Tuas seabed
    124 12 A FEASIBILITY study by Dutch experts on the reclamation of 007 hectares of seabed off Tuas, will be ready within a week. The study costing $540,700, started last December, and Is being financed by the Netherlands Technical Assistance Scheme under an agreement with the Singapore Government.
    124 words
  • Article
    MARTELL'S CORDON NOIR
    64 12 MARTELL'S Cordon Nolr cognac, formerly available only at duty-free shops, Is now available at other retailers In Singapore. As an Introductory offer, only 3,000 gold presentation packs will be released for sale. Each pack comprises a lighter and a bottle of Cordon Nolr. Harpers Trading, agents for
    64 words
  • Article
    Lock icon Asean-Japan hold talks on Fukuda doctrine
    650 12 AFP KUALA LUMPUR, Thurs. Japanese foreign ministry officials met senior Asean officials here today to discuss the "Fukuda doctrine" for aid to accelerate economic development of the five-member nations. No details of the closed door meeting were Immediately available. It Is understood that the
    AFP  -  650 words
  • Article
    Heralding a new era of challenges
    469 12 KUALA LUMPUR, Thurs. The way Is being paved for top level decisions that will herald a new and challenging era for Asean. New because this non-mi-litary alliance grouping Is entering Its second decade of life after 10 years of limited cooperation. Challenging because It
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  • Article
    Lock icon OP RESTAURANTS
    56 12 AFP HONQKONQ, Thurs. Public health officers and pohcemen will basin next Thursday to crackdown on unlicensed restaurants In Hongkonc, a place known' for fa erotic food. Director of Urban Service* Brian Wilson has warned that arrests will be carried out In particularly dirty premises first and those which
    AFP  -  56 words
  • Article
    Lock icon HK will be more restricted by new textile pact
    325 12 UPI HONGKONG, Than. Bssigkeag's Mxtiy director uid jrMttHajr Ik* e*isay's in Bti year textils trad* pact with Ik* Uaited States will b* nmr* latiiUlu than tk* curr—t MM bat still will prevkl* r**a fcr g»*wth. Director William Derward t*M |mraa«t legislative
    UPI  -  325 words
  • Article
    Sheares: Need to revamp priorities in medical care
    522 12 PRESIDENT SHEAREB said yesterday there Is a need for reassignment of priorities and changes In allocation of funds fordeve-, lopment and manpower In medical care. "If prevention of disease and the promotion of health are to be given higher priority, funds will
    522 words
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    S'pore needs liberal air traffic rules
    332 12 SINGAPORE must adopt a liberal air traffic policy If she hopes to expand her cargo traffic at a reasonably fast rate, said Mr. Ong Teng Cheong, Senior Minister of State for Communications, yesterday. "In following a liberal policy on cargo services," he said, "the
    332 words
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      164 12 ASEAN COUNTRIES INDUSTRIAL SEMINARS MACHINEASIA, the region's first production engineering trade show with 400 exhibitors from 20 countries is hosting a programme of high level seminars led at ministerial level by official delegations from all Asean countries. Subjects National industrial development plans National investment policies and finance Joint manufacturing and
      164 words