The Business Times, 26 August 1977

Microfilm: NL9344
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, AUGUST 26, 1977 50 CENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon ADB approves loan
      63 1 Reuter MANILA, Thurs. The Asian Development Bank today announced approval of a US$47 million (SJI 15 million) loan for the Electricity Generating Authority of Thailand for its third power project. The project is essentially an extension of two previous loans approved by the bank in 1970 and
      Reuter  -  63 words
    • Article
      Lock icon Strike imminent
      69 1 AP LONDON, Thurs. British airports, seething with angry and frustrated travellers, steeled themselves for a crippling four-day strike today as talks aimed at averting the dispute broke down, with little hope for new talks. As airlines considered contingency plans to keep as many of their scheduled flights operating
      AP  -  69 words
    • Article
      Lock icon Reserve ratio cut
      48 1 AFP FRANKFURT, Thurs. The West German central bank today moved to stimulate the economy by cutting the minimum reserve requirement of banks by 10 per cent. In addition, the central bank raised the rediscount quota of private banks by 2,000 million Deutschemarks (SS2.I billion). AFP
      AFP  -  48 words
    • Article
      Lock icon One party call
      54 1 AFP KUALA LUMPUR, Thurs. Former MCA leader and Finance Minister Tun Tan Slew Sin has suggested that all parties in the National Front dissolve themselves and form only one political party. He said this was the best lead which the leaders could give to build a strong
      AFP  -  54 words
    • Article
      Lock icon Amouzegar vote
      49 1 UPI TEHERAN, Thurs. Prime Minister Jamshld Amouzegar's government won a vote of confidence today after a week of parliamentary debate on its programme. The confidence vote was necessary for Dr. Amouzegar, appointed by the Shah 18 days ago, to launch a series of economic and social reforms.
      UPI  -  49 words
    • Article
      Lock icon Ask first
      69 1 AFP KUALA LUMPUR, Thurs. The Ministry of Trade and Industry today made it clear that any increase in fuel prices must have the approval of the government. A ministry official said this when commenting on the claim by the Pan Malayan Road Transport Operators' Association that oil companies
      AFP  -  69 words
    • Article
      Lock icon Manila demo
      59 1 AFP MANILA, Thurs. Philippine police wielding batons and backed by fire trucks dispersed a mob of about 1,500 students and workers who tried to stage an anti-government march today amid a world conference here on human rights. Helmeted anti-riot police fell upon the marchers with their sticks and
      AFP  -  59 words
    • Article
      Lock icon Dow Jones
      42 1 UPI NEW YORK, Thurs. Dow Jones averages, based on first hour of trading on the New York Stock Exchange: 30 indus 857.07, off 5.80; 20 transp 217.57, off 0.34; 15 utils 110.84, off 0.42; 65 stocks 292.01, off 1.42. UPI.
      UPI  -  42 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      184 1 THE Business Times index hit a new high of 416.08 yesterday in the wake of the better sentiment prevailing on the Stock Exchange of Singapore. The average gained 5.31 points on the day. The better class stocks also benefited from the generally steadier trend, with the Straits
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    • Article
      In Kuala Lumpur
      116 1 Rites Most active Hongkong G. Ceramics Pac. Dev 8.00 1.82 3.10 1.00 +.18 +.16 Supreme Corp Sim Llm O. Ceramics 580,000 497,000 397,000 Tongkah U.M. Works 2.92 1.45 .12 .11 Olympla 378,000 Figures quoted are estimates Kuchal 90 .10 and unofficial as KLSE Kamuntlng 2.40 .10 figures
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  • Article
    Call to settle for less security
    1381 1  -  HEDGE WITH EXPORT INSURANCE »y JOHN TAN SINGAPORE businessmen have been dependent on exports secured by letters of credit for too long. It Is time they sold on less security but hedged themselves against non-payment with export credit Insurance. This call came from Mr.
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  • Article, Illustration
    S 'poreans at helm of discount houses
    584 1 DISCOUNT houses have scored "first" In the financial community here. With the latest appointment of Mr. Sio Tat Hlang as general manager of International Discount, all four discount houses here are now headed by Singaporeans. Many of the other financial houses with foreign
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  • Article
    Settle issue, refiners told
    307 1 TOKYO, Thurs. The Japanese government today expressed concern that Japan-Australian economic relations might be adversely affected If a dispute over the sugar price Is not settled by the end of this month. "We are Instructing sugar refiners to settle the Issue because it might hurt economic
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  • Article
    Lock icon U.S. TRADE DEFICIT LOWER IN JULY
    152 1 UPI WASHINGTON, Thurs. The US foreign trade deficit totalled US$2.3 billion (BSS.O billion) In July, below June's record level but still the fourth highest In US history, the Commerce Department said today. Americans bought less oil and coffee last month than they did in
    UPI  -  152 words
  • Article
    Talks on separate pact for rubber making headway
    312 1 KUALA LUMPUR, Than. Talks on the carriage of Malaysian rubber and latex to Europe under a separate merchant's agreement (SMA) are making progress. This was stated by Mr. Keith Reynolds, chairman of the rubber committee of the Far Eastern Freight Conference (FEFC).
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  • Article
    Mobil seeks price hike to offset dearer crude
    520 1 MOBIL has asked the Government for a price Increase for its products. Revealing this yesterday, the chairman, Mr. Roger O'Nell, said the proposed Increase Is to offset the July five per cent hike In the price of crude from Saudi Arabia and
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  • Article
    Alleged breaches
    116 1 THE disciplinary committee of the Singapore Society of Acpoimtants (S--SA) yesterday held a dosedoor meeting on alleged breaches of the Accountants Act by a firm of public accountants. This is believed to be the first of a series of some 13 cases which will be heard over the
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      71 1 SAFE WITH AN ITOKI SAFE BUSMCSS MACMMS STSTBW (S) fTL ITO 47 Pod»un> Block GotdtoH Plaza. Nawton Road S ngapore 11 T#i ******4* Cable BUSNESTEMS Singapore SEE PAGE 3 tf* V Us S&S* Overseas News/ TV ft Radio/ Crosswords P2 Overseas News/ P} Local Co New* P4 International Co News
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    • Advertisement
      Page 1 Advertisements Column 2
      103 1 Copy large size originals on one sheet, size for size— no trimming, no sticking together. Xerox 3103 No matter what the originals. Up to 14" by 18" or 356 mm by 457 mm. Solids. Half tones. Or pale blue. The Xerox 3103 gives perfect reproductions. Every time. Size for size.
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      Page 1 Advertisements Column 3
      3 1 SEE PAGE 11
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    • Advertisement
      Page 1 Advertisements Column 4
      241 1 Wayfoong MAF. A kmdtng band whin you und a 'If only I had the money.. John Tan, private businessman "If only he'd talk to us." Wayfoong MAF Many a sound business venture chase to would never get off the ground if it So, if weren't for borrowed money. of vehicl
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  • OVERSEAS
    • Article
      Lock icon Carter decision on pipeline route soon
      236 2 Reuter WASHINGTON, Thurs. President Carter's decision on the location of a proposed USJ 10-bllllon (5524.5 billion) natural gas pipeline from Alaska to the US mainland will be announced soon after Congress reconvenes on Sept 7, White House Press Secretary Jody Powell said yesterday. Mr.
      Reuter  -  236 words
    • Article
      Lock icon Commercial, loans
      64 2 Reuter WASHINGTON, Thurs. US commercial and Industrial loans outstanding totalled US$llB.9l billion (Ss29l billion) In the week ended Aug 17, off $135 million from th*> previous week and up $7.35 billion over a year earlier, the Federal Reserve Board reported. Loan sales amounted to $2.81 billion, off $27
      Reuter  -  64 words
    • Article
      Lock icon 'Change federal law to give consumers wider representation'
      799 2 Washington Star WASHINGTON, Thurs. Government regulators hear from representatives of Industry about 10 times as often as they do from consumer groups, according to a report issued yesterday by Common Cause, the socalled citizens' lobby. The organisation recommended changes in federal law
      Washington Star  -  799 words
    • Article
      Lock icon Some coal mines still closed as pickets continue protests
      593 2 Washington Star WASHINGTON, Thurs. Defying attempts of the leadership of the United Mine Workers Union to end an eight-week-old wildcat strike in the Appalachian coalfields, roving pickets are continuing their protest over cutbacks In medical and health benefits. Although thousands of
      Washington Star  -  593 words
    • Article
      Lock icon Working days lost
      77 2 Reuter LONDON, Thurs.* Industrial disputes In Britain's motor Industry have contributed to a 142 per cent rise in the number of working days lost through strikes so far this year. Government figures published yesterday showed that 4,387,000 days were lost In the first seven months of this
      Reuter  -  77 words
    • Article
      Lock icon Power waste crackdown
      89 2 AFP MOSCOW, Thurs. Officials of Soviet enterprises, state farms and collective farms will be held responsible for wasteful use of coal, electricity and oil products, the government dally Izvestla said yesterday. Following a government decision to strengthen control of energy consumption In the Soviet Union, a campaign
      AFP  -  89 words
    • Article
      Lock icon TUC is sure of support for pay rule
      216 2 Reuter LONDON, Thurs. Senior officials at the headquarters of Britain's Trades Union Congress are confident that next month's annual TUC delegate conference will support the 12month rule for pay settlements, but will strongly press for early economic reflation. Chief TUC economist David
      Reuter  -  216 words
    • Article
      Lock icon Jobs harder to find
      84 2 Reuter TOKYO. Thurs. Japan's seasonally adjusted ratio of Job offers to lob seekers fell to 0.52 In July from 0.53 In June and 0.87 In July last year, the Labour Ministry said. The ministry said Job seekers, Including employed people wanting to change Jobs, fell to
      Reuter  -  84 words
    • Article
      Lock icon Season's wheat enough to meet demand
      403 2 AFP LONDON, Thurs. World supplies of wheat in the 1977/78 season are expected to be more than sufficient to meet Increased demand, the International Wheat Council says In Its latest survey, although this year's harvest could be affected by bad weather In several northern
      AFP  -  403 words
    • Article
      Lock icon Bergland calls for 25pc cut in sowing
      139 2 AFP WASHINGTON, Thurs. The United States should sow 25 per cent less wheat next season, secretary for agriculture Bob Bergland has proposed. He formally suggested this at a White House gathering held to discuss the good world grain crops of the past two
      AFP  -  139 words
    • Article
      Lock icon US imports 14pc of its specialty steel
      151 2 AP WASHINGTON, Thurs. Steel Imports accounted for 13.8 per cent of American specialty steel consumption In the second quarter, an increase from 8.5 per cent In the previous quarter, the US Commerce Department said yesterday. The report was the fifth In a series
      AP  -  151 words
    • Article
      Lock icon Royalties and song owners
      191 2 AP LONDON, Thurs. Most pop singers are one-hit wonders. Half of them are never heard from again and most of the rest are finished In less than three years. Sir Joseph Lockwood, former chairman of EMI (Electric and Musical Industries), a London-based firm which claims to
      AP  -  191 words
    • Article
      Lock icon N-plants contract to be signed soon
      199 2 AFP TEHERAN, Thurs. The formal contract for France to supply two nuclear power Elants to Iran Is expected to e signed shortly, probably early next month, Informed sources said here today. These plants, each of 930 megawatts, will be the third and fourth In
      AFP  -  199 words
    • Article
      Lock icon New studies urged to cut copper output costs in Chile
      239 2 Reuter SANTIAGO, Thurs. US mining expert Rashan Bhappu has recommended that the Chilean Government undertake new studies to reduce production costs further at its big copper mines. It Is likely that world copper prices will remain low for the r£gt
      Reuter  -  239 words
    • Article
      Refined stocks lower
      63 2 NEW YORK, Thurs. Refined copper stocks held by US refineries fell to 203,500 tonnes at end July from 224,000 tonnes end June with domestic refined and crude production having been reduced sharply by the strike, the American Bureau of Metals Statistics (ABMS) said. Crude production in July
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    • Article
      US stand on concessions
      42 2 HILTON HEAD ISLAND (S. Carolina), Thurs. A senior State Department official said the US is not prepared to make hoped-for concessions In Industrial trade If there Is no progress on farm products at forthcoming International Wheat Council meetings.
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    • Article
      Lock icon Speed-up in new car sales in middle of month
      311 2 AP DETROIT, Thurs. MidAugust new ear ulm raced to their Cutest pace ever, despite a 44 per cent drop from s year before at smallear specialist American Motors Corp., industry reports showed yesterday. The industry reported total deliveries 0f235,584, up 17.1
      AP  -  311 words
    • Article
      Lock icon Upswing of German economy ends
      247 3 Reuter BERLIN, Thurs. West Germany's economic upswing came to a stop In the second quarter of this year, the Berlin Economic Research Institute said. It expects little chance of a rapid transition to high growth and a self-sustained upturn, a vital condition for any solution
      Reuter  -  247 words
    • Article
      Lock icon Export credit
      79 3 Reuter FRANKFURT, Thurs. A German banking consortium led by Dresdner Bank AO is granting Poland a two billion mark German Government-guaranteed export credit to finance construction of a coal gasification plant at Kattowltz, banking sources said. The credit, which will be signed In Warsaw on Aug 29, is
      Reuter  -  79 words
    • Article
      Lock icon Bonn central bank likely to reduce reserve ratios
      547 3 Reuter FRANKFURT, Thurs. The Bundesbank Is expected today to cut minimum reserve ratios by around 10 per cent from the start of September to ease banks' short term liquidity tightness and help stabilise capital market Interest rates at their present low levels,
      Reuter  -  547 words
    • Article
      Lock icon NY blackout findings
      502 3 NYT NEW YORK, Thurs. The Consolidated Edison Co. yesterday attributed more of the blame for the blackout of New York City on July 13 and 14 to human and mechanical failures within Its own system, and less to lightning that started the power failure. At a news
      NYT  -  502 words
    • Article
      Lock icon US July budget deficit at $21 billion
      267 3 Reuter WASHINGTON, Than. The US badgat was la deficit by US$B.6B billion (5821.26 billion) in July after a $10.19 billion turpi u a in June, the Treasury Department ■aid. The July deficit compared with an $11.29 billion deficit for the same month last
      Reuter  -  267 words
    • Article
      Lock icon Alleged order to give Lance's bank a clean bill of health
      908 3 NYT WASHINGTON, Thurs. The Internal Revenue Service is Investigating an allegation that an official of the Atlanta office of the Comptroller of the Currency ordered a bank examiner to give Bert Lance's Calhoun, bank Georgia, a clean bill of
      NYT  -  908 words
    • Article
      Lock icon Algerian oil firm borrows $400m
      148 3 Reuter LONDON, Thurs. Sonatrach, the Algerian state oil and natural gas concern, has signed In Washington agreements for U*****.5 million (Ss4oo million) In medium term loans, Citibank said. One portion of the credit, amounting to $07 million, Is advanced by the US ExportImport Bank which
      Reuter  -  148 words
    • Article
      Lock icon Reserves rise
      30 3 Reuter ZURICH. Thurs. Swiss foreign reserves rose 20 million francs to 12.09 billion francs (5512.3 billion) in the week ended Aug 23, the Swiss National Bank said. Reuter.
      Reuter  -  30 words
    • Article
      Lock icon Move for stable short-term rates
      113 3 Reuter LONDON. Thurs. The Bank of England said It lent between £50 and £100 million (Ss2l3 and $420 million) to seven or eight discount houses for seven days at a minimum lending rate of 7 per cent, signalling that it desires continued stability in short
      Reuter  -  113 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      65 2 FROM THE COUNTRY THAT GAVE US HELEN REDDY& OUVIA NEWTON-JOHN we now present Jackie Darnell Her warmth, style and dynamism is just unbelievable. Her performance has DRIVE... PACE.. .EXCITEMENT.. .so critics say. See for yourself. Hear for yourself. Limited Season only. Abo appearing nightly at the Neptune. MS at the
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      314 2 SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee The Magic Sword (A Mandarin film Repeat) 4.30 Intermission 6.05 Opening announcements followed by Exercise with Gloria 6.30 News in Brief 6.35 The Senses 7.05 Too Many Nelsons 7.30 News and Newsreel in Malay 5.50 PM Opening announcements followed by
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      52 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on Aug 25 at Singapore airport. Maximum Temperature 30.2° C Associated Humidity 73 Minimum Temperature 23.2° C Associated Humidity 96 Hours of Sunshine 2.60 Rainfall in Millimeters 0.9 Total Rainfall for the Month 145.3 Total Rainy Days for the
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    • Miscellaneous
      Page 2 Miscellaneous Column 3
      594 2 TWO-IN-ONE CROSSWORD m CRYPTIC PUZZLE ACROSS 1 Star actors possibly (6) 7 Something good to get goods on (8) 8 The photographic game (4) 10 They happen to be keyholes! 11 A bowler may appeal to him 14 The result of equality (3) 15 Upright people (5) 17 She makes
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      161 3 YOU It MOST IM PORTAXT ADDRESS IX tiOLFIXti RW-WEST C PTE) LTD No 4 Liat Towers, 541 Orchard Road, Singapore 9 Tel *****6 *****3 RW-WEST SDX. Bill). Ist Floor, Fitzpatrick Shopping Arcade, 86 Jalan Raja Chulan, Kuala Lumpur Malaysia Tel 03-*****4 RW-WEST i PTE) LTD Shop 1 13 Lower Ground
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  • COMPANY NEWS
    • Article
      Profit growth slows down at Overseas Union Bank
      502 4 AN OVERALL trend Is beginning to emerge in the pattern of banking profits being turned In by the big local banks. Yesterday's announcement of Its interim profits by Overseas Union Bank, the second of the "big four" to reveal Its results, seems
      502 words
    • LATEST RESULTS
      • Article
        NEGRI SEMBILAN Oil Palms
        45 4 Unaudited group pre-tax profit $3.88 million ($2.04 million) for the six months ended June 30, 1977. At the company level pretax profit was up from $615,000 to $1.58 million. Group sales rose from $6.95 million to $7.57 million during the period.
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    • Article
      DIVIDENDS ANNOUNCED
      336 4 Current payment Ex Date Date payable Total for the year Total for previous year George Kent Malaysian Tobacco Island Fen. Pan Electric Malayan Cement Selangor Dredging Berjaya Kawat Utd Malacca Selangor Properties Alexandra Holdings C. Sugars International Wood Pahang Consolidated Keck Seng Yeo Hiap Seng (M) 12% 15%I
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    • Article
      KEMPAS MAKES GOOD GAINS AT HALF-WAY MARK
      702 4 KEMPAS (Malaya) continued to make Impressive strides on its road to recovery in the first half of current year ending December, 1977. Group pre-tax profit attained by this plantation member of the Slme Darby group rose by more than 125 per cent to
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    • Article
      Better results at Ayer Hit am Tin, but they might not continue
      471 4 AYER HITAM Tin Dredging which has Just reported higher pre-tax profits for the year ended June 1977 warns shareholders that this trend will not continue In the current year. In fact, not only will profits not increase at
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    • Article
      Pahang Cons dropped from LSE
      57 4 LISTING of the ordinary and seven per cent preference shares of the Pahang Consolidated Co on the London Stock Exchange has been cancelled at the company's request, the London Stock Exchange said. Pahang Consolidated Is controlled from Malaysia and applications for a change of domicile
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    • Article
      United Malacca queried
      82 4 THE Kuala Lumpur Stock Exchange has asked United Malacca Rubber Estates to gives details of Investments the company had made during the year ended April The KLBE noted that during the year the only known acquisition by United Malacca was the purchase of one million shares In
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    • Article
      SEA Lumber replies to SES
      81 4 SOUTH-east Asia Lumber has informed the Stock Exchange of Singapore that It has no announcement pending and the board does not know of any reason for the sharp Increase In the price of the company's shares. Seal was asked by the Exchange earlier this month
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    • Article
      KL money brokers feeling the pinch
      1212 4 KUALA LUMPUR, Thurs. Money brokers here lament that they are facing sluggish market conditions. Indeed they point out that their business seems to have turned full circle, from heady activity In 1974 to the present state of doldrums. And to make matters worse the
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    • Article
      Metro results out soon
      71 4 METRO Holdings' accounts for the year ended March 1977 are being finalised and I will be lodged with the Stock Exchange of Singapore shortly. Metro revealed this in reply to an SEB query on its 1 sharp price rise in the past 1 10 days. Apart
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    • Article
      P. Products
      42 4 PAPER Products (Malaya) j has appointed Kong and Partners Its auditors for the year ending December 1977 following the dissolution of the partnership of Kong Chan Yam and Partners, j who tIU Its dissolution were auditors to the company, j
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    • Article
      Trengganu D.
      42 4 TRENGGANU development whose turnover on the Kuala Lumpur Stock Ex- i change rose to 1,154,000 units on Tuesday has been asked bv the KLBE to five an explanation for the heavy transactions. Turnover in the counter halved the following day.
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    • COMPANY MEETINGS
    • Article
      Lock icon Kloof fire sealed
      78 4 Reuter JOHANNESBURG, Thurs. The fire at Kloof Gold Mining is virtually sealed off, and it is hoped stopping will recommence In the northern area of the mine today, a Gold Fields of South Africa spokesman said. The area affected by the fire after sealing operations are completed
      Reuter  -  78 words
    • Article
      Lock icon Visitors from Reynolds
      56 4 Reuter KUCHING, Thurs. Seven executives from the Reynolds group of the US arrived here to explore the feasibility of setting up Joint venture aluminium projects in the state of Sarawak, government officials said. The executives will also consider related projects such as bauxite and visit the site
      Reuter  -  56 words
    • Article
      M. American results show improvement
      117 4 RESULTS of Malaysian American Assurance for the first half of 1977 showed significant Improvement with large gains In premium Income on life assurance operations. Gross premium Income from life assurance rose 67 per cent to $1,113 million with gross sums assured rising to $26.9 million
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    • Article
      CHICAGO BOARD OPTIONS
      1352 4 On Aug 24 TRADING on the Chicago Board Options Exchange came to 86,604 contracts on Wednesday compared with 94,939 contracts on Tuesday. OPTION OCT JAN APL STOCK Alcoa 46 23/4 37/8 41/2 46 1/2 Alcoa M VI 15/8 21/2 461/2 Alcoa M UNTRD 1/16 UNTRD 461/2 Am
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      33 4 Peter Benchley 'Better than JAWS, ever escalating shocks' -TIME 'Cracking entertainment' -DAILY TELEGRAPH 4 4 For the second time -the book you cant put down* -DAILY MAIL READ THE BOOK SEE THE FILM
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  • Article
    Lock icon Babcock panel to meet McDermott
    314 5 NORTH AMERICAN COMPANIES Reuter BABCOCK and Wilcox said It Is forming a negotiating committee which will meet on Sept 7 with a committee from J. Ray McDermott and Co Inc, to negotiate terms of a proposed combination of the two firms. It said Its management
    Reuter  -  314 words
  • Article
    Lock icon F. Wheeler wins Taipeh contract
    63 5 Reuter FOBTER WHEELER Energy Corp said it was awarded a U5565.5 million contract to design and build components for two 500megawatt steam generators for the Taiwan Electric Co. The company said each boiler will produce 1.68 million kilograms of steam an hour. The units will
    Reuter  -  63 words
  • Bonds
    • Article
      Lock icon Deutsche Bank confirms Eurobond
      105 5 Reuter FRANKFURT, Thurs. Lead manager Deutsche Bank AO confirmed that Australia is floating a US$2OO million Eurobond in two $100 million tranches. As reported earlier, one tranche will have a 7 1/2 per cent coupon and seven-year maturity and the other a 8 1/4 per cent
      Reuter  -  105 words
    • Article
      Lock icon Indian oil firm raises US$50m
      60 5 Reuter LONDON, Thurs. The Oil and Natural Oas Corp of India is raising US$5O million for seven years in the Euromarkets at a spread of one per cent over six months London Interbank Offered Rates, Informed banking sources here said. Co-lead managers are Wardley Ltd
      Reuter  -  60 words
    • Article
      Lock icon N. Brunswick
      61 5 Reuter FREDERICTION (Canada), Thurs. The government of New Brunswick plans to borrow up to 12 billion yen next month, a Finance Department official said. The financing, anticipated in the middle of September, is expected to have a 12-year term but the rate has not been determined, the spokesman
      Reuter  -  61 words
    • Article
      Lock icon Barclays Overseas coupon
      63 5 Reuter LONDON, Thurs. The US$lOO million 15-year Barclays Overseas Investment Co BV Eurobond coupon has been cut to 81/2 per cent from 8 3/4 per cent because of strong Investor demand, co-lead manager, Union Bank of Switzerland (Securities) Ltd, said. The issue is guaranteed and jointly managed
      Reuter  -  63 words
    • Article
      Lock icon Canadian Acceptance
      51 5 Reuter LONDON, Thurs. Canadian Acceptance Corp's private placement of five-year notes has been raised to Cs3s million from the originally envisaged $25 million, a spokesman for joint lead manager Dillon Read Overseas Corp said. The Issue carries a 9 3/8 per cent coupon and Is priced at par.
      Reuter  -  51 words
    • Article
      Lock icon H. Quebec franc loan
      45 5 Reuter ZURICH, Thurs. HydroQuebec, Montreal, will float an 80 million franc five per cent 15-year loan on the Swiss capital market from Sept. 1 to 6, Schwelzerische Bankgesellschaft said as Issuing consortium leader. Issue price will be published on Sept. 1.
      Reuter  -  45 words
    • Article
      Lock icon Trinidad, Tobago raising US$150m
      82 5 Reuter LONDON, Thurs. The Republic of Trinidad and Tobago are raising US$l5O million for seven years through a syndicate of international banks, banking sources said. The Interest rate on the credit, which was signed in Trinidad yesterday Is one per cent over London Interbank Offered Rates
      Reuter  -  82 words
    • Article
      Lock icon Goetaverken issue
      67 5 Reuter LONDON, Thurs. The Swedish state-owned shipbuilding concern Ooetaverken's two-tranche issue has been priced, the US$4O million of five-year notes at Br and the $40 million of -year bonds at 99 1/2 per cent, a spokesman for joint lead manager Orion Bank Ltd said. Coupons were finalised as
      Reuter  -  67 words
    • Article
      Lock icon Austrian placement
      41 5 Reuter FRANKFURT, Thurs. The 100 million mark 10?ear six per cent private placement for Austria was priced at par, a Dresdner spokesman said In response to an inquiry. Redemption starts after six years, reducing average life to Btt years.
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    • Article
      Lock icon Pyrhn-Autobahn
      32 5 PyrhnAutobahn Reuter DUSSELDORF, Thurs. The 50 million mark 6 1/4 per cent maximum 12-year Eurobond for PhrynAutobahn AO was priced at 100 1/4 per cent, lead manager Westdeutsche Landesbank Glrozentrale said. Reuter
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  • Article
    Lock icon Reed sells stake
    50 5 Reuter REED INTERNATIONAL LTD said it sold its onethird interest in KimberlyClark Ltd to KimberlyClark Corp of Neenah, Wisconsin, for £7 million. Kimberly-Clark of the US owns the rest of the UK company's share capital. Pre-tax profit of Klmberly Clark Ltd In 1976 totalled £4.5 million. Reuter
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  • Article
    Lock icon MAC bond offer has large spread
    139 5 Reuter THE MUNICIPAL Assistance Corp accepted a dollar price of U5598.05 for every 100 face amount of bonds at the official sale of $200 million of MAC 7 1/2 per cent bonds to a Salomon Brothers Oroup. This translates Into an underwriting spread of
    Reuter  -  139 words
  • Article
    Lock icon WMC reduces output by 10pc
    247 5 ASIAN COMPANIES Reuter MELBOURNE, Thurs. Western Mining Corp. Ltd (WMC) said it will cut nickel output by about 10 per cent from Sept 2 and retrench about 600 of Its mine workforce. WMC will effect the reduction by suspending production at its great boulder operations,
    Reuter  -  247 words
  • Article
    Lock icon Mitsui Real Estate
    57 5 Reuter TOKYO, Thurs. Mitsui Real Estate Development Co Ltd said It will Issue a US$2O million convertible bond in the European market this September through an underwriting syndicate headed by Credit Lyonnals and Nomura Europe N. V. Other terms including coupon rate and convertible price will be
    Reuter  -  57 words
  • Article
    Lock icon Wynncor reports 52pc rise
    130 5 AFP HONGKONG, Thurs. The hotel company Wynncor today reported a 52 per cent increase in profit for the six months ending June 30. The profit Is HK$7.«2 million, compared with $5.01 million for the same period last year. Wynncor owns the Hongkong Hilton and 90 per
    AFP  -  130 words
  • Article
    Lock icon Consolidated Goldfield declines
    101 5 AP SYDNEY, Thurs. The British-owned consolidated Gold field of Australia has suffered a loss of As3.B million for the year ended June 1077, the company announced today. Despite booming returns from its partly-owned subsidiaries, Renlson Tin and Bellambl Coal, an $8.7 million write-off of its lossproducing Mount
    AP  -  101 words
  • Article
    Lock icon GM strike forces Cadillac shutdown
    104 5 Reuter GENERAL MOTORS CORP said about 9,300 workers were idled In Michigan by a strike at Its Delco-Remy subsidiary's plant In Anderson, Indiana. The parts shortages caused by the Delco-Remy strike forced Cadillac to shut down most of Its assembly operations, idling 4,300 and forced
    Reuter  -  104 words
  • Article
    Cominco buys Bethlehem shares
    69 5 COMINCO LTD said It purchased 1.69 million shares of Bethlehem Copper Corp under Its bid of US$lB a share for all Bethlehem "A" and "B" shares which expired Aug 8. The purchase brings Comlnco's ownership to 2.47 million shares or about 39 per cent, Comlnco advised
    69 words
  • Article
    Lock icon Ford
    30 5 Reuter FORD MOTOR CO said It Is considering expansion of facilities in Europe but no decision has been made on the nature of the facility or Its location. Reuter
    Reuter  -  30 words
  • Article
    Lock icon EUROPEAN COMPANIES Lower interests, taxation lift DSM
    278 5 FT AMSTERDAM, Thurs. DSM, the large state-owned Dutch chemicals group, raised its first half net profit to 71.8 million guilders from $8.3 million guilders In the same 1976 period, as a result of lower interest payments and lower taxation. Sales have risen over
    FT  -  278 words
  • Article
    Lock icon BASF down
    80 5 Reuter LUD WIQSHAFEN, Thun. BASF has suffered a 1977 first half downturn with group pre-tax profit falling to 604 million marks from 709 million marks last time. The group's mid-term sales were only slightly ahead at 10.74 blUlon marks compared with 10.33 billion marks previously. BASF said Its
    Reuter  -  80 words
  • Article
    Lock icon Westland-Utrecht advances sharply
    195 5 FT AMSTERDAM, Thurs. Westland-Utrecht, Holland's largest mortgage bank, saw another sharp rise In profit In the second quarter so that the first half figure Jumps to 22.5 million guilders from 12.7 million guilders in the same half In The second quarter has contributed profit of 11.8 million
    FT  -  195 words
  • Article
    Lock icon Nedlloyd ahead
    69 5 Reuter ROTTERDAM, Thurs. 1977 first half net profit at Konlnlljke Nedlloyd edged ahead from 42 million guilders to 44.1 million guilders. It expects profit for the second half to be about the same as that of the first.. Nedlloyd earlier stated It expected profit for 1977 and 1978
    Reuter  -  69 words
  • Article
    Lock icon First half setback at SAAB-Scania
    146 5 Reuter LINKOEPINO, (Sweden), Thurs. Swedish car manufacturer, SAABScanla saw profit In the first half of this year dropping from 122 million kroners to 117 million kroners. Sales came to 5.28 billion kroners compared with 4.89 billion kroners, with exports taking an unchanged 43 per cent
    Reuter  -  146 words
  • Article
    Lock icon Tang Eng venture with Europeans
    158 5 AP TAIPEH. Thurs. Taiwan's Tang Eng Iron Works will enter Into a joint venture with four European bus manufacturers to produce buses and super coaches next year, the semi-official English language evening China News reported yesterday. It said that the joint investment plan, riled by
    AP  -  158 words
  • Article
    Lock icon N. Broken Hill profit doubles
    139 5 Reuter MELBOURNE, Thurs. North Broken Hill Holdings' net profit nearly doubled In the year ended June 1977 from A 517.3 million to $9.8 million. Mine production value rose to $42.3 million from $31.7 million but investment income was a shade lower at $819,000. The net
    Reuter  -  139 words
  • Article
    Lock icon Sumitomo enjoys higher income
    124 5 Reuter TOKYO Thurs. Sumitomo Heavy Industries enjoyed a considerably higher consolidated net income in the year ended March 1977. The net figure came to U5532.4 million compared with the preceding year's $22.9 million, with earnings per 10 shares of 79 cents against 06 cents last time.
    Reuter  -  124 words
  • Article
    Lock icon Rare coins making stunning gains
    843 5 NYT NEW YORK, Thurs. Even Midas would have marvelled at the American appetite In the early 1970s for Investing In vintage gold, sliver ana copper coins. It all started vhen the dollar's devaluation at a time of surging bullion values Ignited Investors' interest In artifacts.
    NYT  -  843 words
  • Article
    Lock icon Chuck Barris Productions a sound investment?
    564 5 NYT NEW YORK Thurs. Can the misfortunes of leffooted dancers, monotone vocalists and butterfingered magicians provide the basis for a sound Investment? At least one broker who Is sophisticated enough to know the difference between a standing-room-only act and a flop supports this arguable
    NYT  -  564 words
  • Article
    Lock icon Lucas strikers 'no' to peace move
    148 5 Reuter LONDON, Thurs. The 1,200 strikers at Lucas Industries Ltd plants In Birmingham rejected a management offer aimed at ending the seven-week' pay dispute, a Lucas spokesman said. The offer included a £3 per week increase in bonus payments plus a £100 cash award
    Reuter  -  148 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      94 5 if YtO BUY tt SELL SHOES IY HE SEAT IF YMA PANTS? You aead aot! Ob the contrary you eu learn what signs to look for before you commit your mmy ia And you eai improve the odde greatly la your favour by foliowiag a few chart principle* that caa
      94 words
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      Page 5 Advertisements Column 2
      201 5 The Captain requests the pleasure of your company i til A 4* Dry Dock Martini or an effervescent Surf Rider. The Harbour Grill is on the second floor, of the Singapore Hilton as is the Captain's Cabin. iV For reservations ring: *****3 extn. 2536 SINGAPORE HILTON A! the heart of
      201 words
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  • Article
    Share Information Service
    2444 6 1*77 High Low Coanay Last Sale +«rGr'i div Dhr C'tt Gr't r'U Nat P/B Vel C«9) Day High Low SECTION ONE INDUSTRIALS 154 204 116 230 88* 198* 169 223 406 171 136 172 58 212 57* 155 152 182 350 145 Acma Alcom Allied Choc Bata
    2,444 words
  • Article
    Transactions in Singapore
    1532 6 BID ind offer prices otfldilh UM and burtnm in and reported to the Stock Exchanf* of Singapore yesterday with the number of (hares traded shown in brack eta in lot* of 1000 untta iinlaae othsrwta* iperined All Time Settlement Contract* are quoted after the word "Sett Bt«
    1,532 words
  • Article
    In Kuala Lumpur
    1971 6 BID and offer price* officially tasted and business In and reported to the Kuala Lumpur Stock Exchan«e yesterday with the number of shares traded shown in brackets In lots of 1.000 units unless otherwise specified INOUBTMALB A|in»mat* (2 00B). AMmi (1 938) 1 93 A. ChM (1.158
    1,971 words
  • Article
    Stock options
    56 6 STRIKING price, of the stock options officially listed on the Stock Kicker of Since pore, the period*, bid and ottrprices and bust noes done yesterday, with the sum her et options traded shown in brackets. DBS (Dec $3.60) (0.18B). Inchcape (Sept $2.40) (0.18B). (March $2.40) (0.20B). U O
    56 words
  • Article
    Unit trusts
    142 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' price# for Aug 26) (Currant p rices) 1.13 The Commerce.... 1.73 1.83 INCOME BOND 1.07 The 8a vln( Fund 1 03 1.08 S 'pore Prog Fund S pore Security Fund 8'pore Invert Fund 0.87 0.92 1.56 1.65 xd 1.01 1.07 MARA
    142 words
  • Article
    CORPORATE BONDS
    164 6 B O T. 8 1/2% 1981 (100,000) (103*B 103*8) B O T 7 5/8% IM4 (100,000) (998 09*8) LTCB J 1982 (100,000) (98 *B 995) Credit Lyonnai* Flo. tin* 1983 (100,000) (98*B 98*8) D B 8 Convert* C 1/2% 1991 (100,000) (98WB 98S8) D B 8 8 1/2%
    164 words
  • Article
    GOVERNMENT BONDS
    103 6 R«P Spore D Mark 7% 1962 (100,000) (1018 101*8) Rep Spore 1/2% 1983 (100,000) (99*8 100*8) Rep Spore 7 3/4% 1987 (100,000) (100HB 1018) 5 1/4% 15/7/78 (250,000) (101.458) 4 3/4% l/S/79 (250,000) (100. SOB 100.908) 5 1/4% IS/10/79 (250,000) (101.658 101.958) 6 3/4% 15/S/80 (250,000) (104.80B) C
    103 words
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      Page 6 Advertisements Column 1
      177 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 who
      177 words
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  • Article, Illustration
    IRREGULAR TRADING
    747 7 FAIRLY good gains won recorded on the Stock Exchange of Singapore yesterday. Though volume was still centred in a score of counters, mainly in Section Two, sentiment took a turn for the better on light followthrough buying on most fronts. Some of the investment stocks also came in
    747 words
  • Article
    KLSE MOVES HIGHER
    291 7 THE Kuala Lumpur Stock market continued to move higher In selective trading yesterday. Current favourites were still actively singled out for play with good volume attending and the volatile Malaysian Business Times Index advanced another 11.73 points to 451.40. Although no official figures on turnover and value
    291 words
  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      324 7 HONOKONO: The market closed little changed In dull trading and fairly low turnover on lack of trading Interest, dealers said on Thursday. The Hang Seng Index rose 0.15 points to close at 421.95. Hoagkoag Bank, Jsrdine Matheson, Hongkong Land, Swire Pacific and Wbeeleck Marden were unchanged. Turnover on the
      324 words
    • Article
      Tokyo
      467 7 TOKYO: Share prices rose sharply in active trading following the announcement fresh reflatlonary measures would be announced next month, dealers said on Thursdav. The Dow Jones Average rose 30.12 to close at 5,180.36, with volume 350 million shares. The New Index was up 1.80 at 383.86. Large capital shares
      467 words
    • Article
      Sydney
      422 7 SYDNEY: Pancontinetnal rose $1.00 to $11.30 while other uraniums made smaller gains after the government's decision to approve uranium mining, dealers said on Thursday. The Sydney All-Ordinaries index rose 0.84 points to close at 426.23. EZ Industries rose eight cents to $2.86, Queensland Mines seven cents to $3.00 and
      422 words
    • Article
      Manila
      180 7 MANILA: The market closed generally lower with minings and oils declining though commercials remained unchanged, dealers said on Thursday. Turnover was also lower at 4.92 million pesos against Tuesday's 5.96 million. PLOT was firmer, but Atia* Con A and B, Baguio Gold Le panto B and Phil Overseas lost
      180 words
    • Article
      Bangkok
      100 7 AUG 2* Bahts Asia Fibre 185 -IS Bangkok Bank 407 10 Bangkok Invest 2706 Bangkok-Metro-politan Bank Bata TI5 unch BerliJucker 438 unch Charoong Thai Wire 182 -2 Dumei DusltThanl 2348 unch Faber Merlin First Trust 1928 unch Indo-Thal Industrial Finance Corp ***** J And J Ho 280 -2 Jalaprathan
      100 words
    • Article
      Amsterdam
      332 7 AMSTERDAM: Shares feU In dull trading on Wednesday. The continuing negotiations aimed at forming a new government backgrounded the reluctance to trade. Unilever led Dutch Internationals one guilder lower. Elsewhere most trading and Industrial shares fell. Insurances were unchanged to lower. Heineken fell three guilders. Among isolated gainers were
      332 words
    • Article
      Brussels
      173 7 BRUSSELS: The market was generally slightly lower in quiet trading, dealers said on Wednesday. UCB, and Fiaoutremer rose, while falls Included Union Miniere, Hoboken, FN, CockarUl. Hainauit-Sambre, and Moaane. GH-inno-Bm was unmoved by news of a 14 per cent rise In turnover in the first half year. UK. US
      173 words
    • Article
      Frankfurt
      344 7 FRANKFURT: Most shares closed higher In generally calm trading on Wednesday, awaiting the decisions of Thursday's Bundesbank Council meeting, dealers said. Activity centred on chemicals, with Hrhsriag gaining 8.50 marks, on institutional haying and Bayer up one. Dagveen fell four. In electricals, Varta rose 3.50 and In stores, KaufW
      344 words
    • Article
      Milan
      181 7 MILAN: The market closed mixed with a higher bias in fairly active trading and selective buying on Wednesday. Some caution however, was noted as operators await Friday's government meeting on bourse tax system and other Investment measures, dealers said. Both Pirelli and Olivetti firmed In leading industrials while Fiat
      181 words
    • Article
      Paris
      336 7 PARIS: The market was firm on the first day of the new account, dealers said on Wednesday Stores and electrlcals were mixed, but other sectors advanced. Among US Issues Ford and IBM lost ground while Mobil and Petrofina led foreign oils lower. Golds were very steady. Amax lost fractions.
      336 words
    • Article
      Zurich
      291 7 ZURICH: The market closed Irregularly lower partially due to profit-taking, dealers said on Wednesday Swissair bearer rose In transports. while Its registered stock fell, banks were generally barely steady. Bankgesellschaft bearer and Leu registered lost some ground. Among Irregular flnanclals. Bally bearer, Forbo 'A' and Mikron declined. Suedelektra, however,
      291 words
    • Article
      Jo'burg
      411 7 JOHANNESBURG: Gold shares were generally firmer in line with higher bullion Indications. although some prices eased towards the close on US selling, dealers said on Wednesday. Heavyweights showed gains of up to 40 cents, while medium and lightweight Issues rose by up to 10 cents. Mining financial were basically
      411 words
    • Article
      Toronto
      306 7 TORONTO: The market closed broadly lower In light trading on Wednesday. Transportation and pipeline Issues fell sharply while golds, real estate, merchandising and metals saw moderate declines Losses outnumbered gains 214 to 157. Hamilton Trust Jumped 3-3/4 to 21-1/4 on news It plans to amalgamate with Canada Permanent Trust
      306 words
    • Article
      New York
      1273 7 NEW YORK: The stock market continued to sag under the weight of concern over the nation's economy on Wednesday. Trading was light. Strong mid-August auto sales by General Motor* Carp brought out a few buyers from the sidelines near mldsesslon, as the Dow Jones Industrials moved briefly Into
      1,273 words
    • Article
      Indices
      63 7 FINANCIAL TIMES INDUSTRIALS Wednesday 483.8 Tuesday 483.7 Week Ago 485.3 DOW JONES AVERAGE INDUSTRIALS Wednesday 862.87 Tuesday 885.58 Week Ago 884 89 LONDON DOLLAR PREMIUM Wednesday 88* to 88S Tuesday 88 to 88Vi H.K. HANG SENG Wednesday 421.80 Tuesday 421.13 Week Ago 418.88 SYDNEY INDUSTRIALS Wednesday 355.11 Tuesday 355.82
      63 words
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      Page 7 Advertisements Column 1
      522 7 BUSINESS TIMES Airline Directory Aerofiot Soviet Airlines 110-112 Show Centra, Orchard Road, Singapore 9 (Tel: 377.111) Air Ceylon 302-1, 3rd Floor, Marina Hawse S hen ton Way, Singapore (1) (Tel: *****88) Ground. Floor, ICB Building, Shonton Way Sinaaaore 1 (Tel: *****11) 16th Floor, UIC Building, Shonton Way, Singapore 1 (Tel:
      522 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      460 8 ON the Singapore rubber market yesterday, prices opened about unchanged, then fluctuated narrowly until midday when prices rose fractionally In quiet trading. Volume was small. The morning session closed quiet with September One RSS buyers at 199.75 cents per kilo, up 0.25 cent on Wednesday
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    • Article
      RAS PRICES
      303 8 Prices in cent* per kilo yesterday: Noon (per Ulo) Buyers Sellers Int 1 R.S.S prompt f .o.b. 198.00 19® 00N Int. 1 R.S.S September 199.75 JOOOO Int. 1 R.S.S October 202 25 302.50 Int 2 R.S.S 197.00 198.00N UK/Cont 196.00 197 OON Int. 3 R.S.S. 195 00 196.00N
      303 words
    • Article
      SSR AND SMR
      92 8 NOON SSR and SMH price* yesterday K.A.9. (Curat Mthi o< art Mtk) Buvert Selleri Buyer* Seller* (ceati i»«rk«) (cent per kf SSR 20 (1-ton pallet) 105.00 107.OON 106.00 lWt.UUN SSR SO (1-ton pallet) 102.50 104 50N 103.50 105.50N MRELB SMR5CV (1-ton pallet) 216.00 218.00N 216.00 218 OON
      92 words
    • Article
      Closing prices
      26 8 Rubber: August 25 Singapore: September 199.50 cent* (unchanged) Malaysia: September 201.50 cents (up 0.75 cent.) Tin: $1,570 (down $35) Official offering: 200 tonnes (unchanged).
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    • Article
      Hongkong comex
      91 8 HONGKONG, Thurs. The cotton futures market closed firmer with more active trading towards the close, ending at the day's highs, dealers said. Commission house profittaking and buying support lifted prices by 0.28 to 0.65 US cents. Total turnover rose to 32 lots from yesterday's 28. Open position after
      91 words
    • Article
      SPOT PRICES
      184 8 YARN and cotton spot ex-godown prices In HK dollars: Cotton Yara: China Blue Phoenix 20-s 1.870. 32'2, 2,000. 40's 2,100 (per bale of 400 lbs). Piece Goods: China Butterfly and Qlobe Brand unq, Dragon Head una, Five Lambs unq. Flower and Butte rfSunq, Flying Oeese unq, (per piece
      184 words
    • Article
      Produce exchange
      438 8 DEALERS In the Singapore produce market were generally 1 non-committal yesterday despite the overall Improvement In sentiment. Trading volume was minimal and confined to book squaring and neighbouring countries' consumer accounts. Inquiries received for copra and coconut oils were mostly turned down because local millers were either withdrawn
      438 words
    • Article
      Coffee
      326 8 LONDON, Thurs. Coffee opened £88 to £32 up with September exceptionally £195 higher. Volume moved up to 693 lots at the opening call from only 179 yesterday. The official tone was "irregular". As occurred yesterday, September tended to lift more deferred months. Traders attributed the extreme strength In September
      326 words
    • Article
      Palm oil
      82 8 C.I.F. Rotterdam. US dollar* per ton. LONDON: Malaysia 5% 11 a bulk WadaMday Piwlw Nov 423 sir 420 sir Jan 428.50 pd 426.50 pd Sumatra 5% Auf 562.50 sir 562.50 sir Sept 472.50 sir 472.50 slr/470 pd Oct 445 sir 437.50 Slr/435 pd Not 435 slr/430 pd 427.50
      82 words
    • Article
      Cocoa
      203 8 LONDON, Thurs. Terminal cocoa closed the first call slightly under last night's levels In most positions, having Initially traded £1.50 up In near September at £2,680 per tonne partly due to increased overnight buy pools In New York. Futures closed the morning quiet with extended losses from last night
      203 words
    • Article
      Tin
      254 8 THE Straits tin price in Penang yesterday was down Ms3s to 11,670 per picul on an official offering unchanged at 200 tonnes. In LONDON yesterday, tin fell by a further £90 per tonne for cash and £82 for Three Months standard metal. High grade was £02 and £60 down,
      254 words
    • Article
      Sugar
      342 8 LONDON, Thura. Sugar futures closed the first call mostly £0.65 per tonne down from last night (near December at £116.40) to unchanged In quiet and somewhat hesitant trading. 8entlment was Influenced by New York, dealers said. The London dally raws Crlce was £2 lower at £106 ut whites gained
      342 words
    • Article
      Rice
      177 8 BANGKOK, Thurs. Indicative prices quoted here today were: (US dollar per tonne fob baaU Bangkok) White Wee: 100 pet let cImiSOS. 100 S t 2nd 2V2,100 pet 3rd 2M, IS pet 230, DCt UIK) Ma: A-I Super IS3. A-l Spcl 110. C-l Spcl una, C-l Ord unq I —di
      177 words
    • Article
      Soybeans
      147 8 CHICAGO, Thurs. Soybean futures yesterday closed 12 cents higher In the nearby September, with other months showing advances of seven to eight cents a bushel. Brokers said continuing local shortcoverlng as well as scattered professional and commission house buying combined to lift prices. Some speculative support stemmed from the
      147 words
    • Article
      Wheat
      139 8 CHICAGO, Thurs. Wheat futures here yesterday closed 3-3/4 to 2-1/2 cents a bushel higher. In the pit, a leading commercial firm engaged In aggressive bull spreading amounting to possibly as much as eight million bushels through buying the September and selling the December and the March, traders said. The
      139 words
    • Article
      Copper
      296 8 LONDON, Thurs. Copper showed losses of mostly £3 per tonne for wire bars. Values were shaded in the Kb market where Three nths traded down to £667 with the movement attributed by dealers to weakness In tin. Subsequently the market ruled steady with ring dealings featured by a moderate
      296 words
    • Article
      Silver
      258 8 LONDON, Thurs. Silver was 0.5 pence per troy ounce down all round. Prices were marked slightly lower at the outset of the pre-market, reflecting the lower trend in New York last night, dealers said. Subsequently, the market was well maintained, aided by steadiness in gold with light covering resulting
      258 words
    • Article
      Gold
      318 8 THE kllobar opened higher at 5511,453 on the Singapore fold market yesterday. However, quiet trading prevailed and the price drifted lower to close at SSI 1.437. The metal opened at U*****.60/80 on loco London basis and closed at U*****.55/75 In featureless trading. The London morning fix was U*****.40, up
      318 words
    • Article
      Zinc
      111 8 LONDON, Thurs. Zinc was £1.50 up for cash and £1 up for Three Months. The tone was steady, reflecting sellers' reserve. Three Months traded from £302 In the pre-market up to $304 by the end of the ring. Ring turnover totalled 2,350 tonnes, most of which were carries. On
      111 words
    • Article
      Lead
      146 8 LONDON, Thurs. Lead was unchanged for cash and £0.50 per tonne up for Three Months Dealers saia this market held steady with sellers generally not pressing in front of what is expected to be a sizeable decrease In this week's stocks. This was also reflected by a tendency for
      146 words
    • MONEY AND EXCHANGES
      • Article
        Singapore
        521 8 THE Singapore local money market saw a firmer tone In the overnight counter despite MAS 7 s withdrawal of overnight treasury bill facility to discount houses. From the opening of two per cent to 1% per cent, the counter showed signs of strengthening after some transactions were dealt around
        521 words
      • Article
        Untitled
        136 8 NEW YORK, Thurs. The dollar closed sharply weaker yesterday as concern grew that the US July trade deficit to be released today will be over US$3 billion, dealers said. Dollar selling was unusually heavy here in the afternoon as the unit slip ped from Its European closing levels, they said.
        136 words
      • Article
        Minimum lending rates
        47 8 ACBC CM Firat Chicago CM Citibank CM Bangkok Kar.k 1 HSBC Cfc Bank ot America Bank of China 7 CM Bank of Tokyo CM CM Bank Nacara OCBC CM Indonesia 7 OUB CM cv. L'CB 7 OlH Manhattan IU L'MBC 7 DB8 (JOB CM
        47 words
      • Article
        Asian $ rates
        158 8 Asian rates ASIAN currency depoalt interbank rate* a* at cloee on Aug 29: US Delia Offer n(Spet) BM 7 day* 1/11 9 19/ie 1 mth 6 7/l« 6 9/16 2 mth* 3/8 6 1/4 3 tilth* 8 3/8 6 1/4 8 mth* 11/1* 6 9/16 mth* .6 S/4 6 9/8
        158 words
      • Article
        Discount
        47 8 IANOB Of louses on i Ovfrnlfh Call Dep< i- Month price* luc 29 t 1* t wit offered by dlacoui o JH to S* MHm aabe Mil* 3 21/1 1 4 J/16 41/16 3 4 7/16 4 V16 J 47/» 41/4 Source: National Discount Co. Ltd.
        47 words
      • Article
        Euro $ rates
        151 8 Euro rates LONDON, Thurs. Period Eurodollar deposits up to six months opened higher, reflecting the loss of Friday dealings technicality while shortdates were little changed. Early trading was again Cam light with operators possibly holding back ahead of the US July trade data, due today, dealers sakl. Initial technical gains
        151 words
      • Article
        London
        245 8 LONDON, Thurs. The dollar edged higher In early trading to around 2.3085/ 95 marks from Initial Indications of around 2.3040/ 55, dealers said. Some sectors of the market now estimate the US July trade figures, due today, may show a deficit below June's record of US$2.B2 billion, they said.
        245 words
      • Article
        Tokyo
        122 8 TOKYO, Thurs. The US dollar for overnight delivery closed higher at 266.45 yen, after a 266.20 opening and compared with 266.70 at yesterday's close. The dollar initially followed overnight weakness abroad, but later fluctuated in a narrow range after recovering to 266.50 at one point on forward dollar buying
        122 words
      • Article
        Hongkong
        64 8 HONOKONQ, Thurs. Trading was quiet and the US dollar slightly firmer ahead of the U8 trade figures and the Bundesbank's press conference later today, dealers said. The dollar rose to 2.3045/55 marks from New York's 2.3036 mid-point equivalent close, and to 266.43/53 yen from New York's 265.89, with some
        64 words
      • Article
        Australia/NZ
        52 8 AUSTRALIA/NZ exchanges on Aug 25: Auatralla: Bterllng 0.8377/ 0.6300 US dollar 1.1073/ 1 1025 Nlnetjr-cUjr air mall buying rates: Sterling 0.6639 US dollar 1.1326 Ninety-day forward buying rate*: Sterling 0.6337 U8 dollar 1 0873 New Zealand Sterling .5579/ .5547 US dollar .9756/ .9656 Ninety-day forward rate: Sterling .5706 U8
        52 words
      • Article
        Zurich
        47 8 ZURICH exchanges closing quotes on Aug 24: US 2.3770-3790 UK 4.1385-1410 Can 2.2170-2195 W Oerm 103 09-103 16 Neth 97.57-66 France 46.66-71 Belg 6.71 *-72 Denm 39.69-72 Norw 44.96-99 Swed 54.19-23 Italy 0.2999-2702 Austria 14.51-53 Port 6.14-19 Spain 2 61 *-61* Arg 9 50-60 Japan 0.99-99*
        47 words
      • Article
        Frankfurt
        35 8 FRANKFURT exchanges opening quotes on Aug 25: US 2.3096/75 Oan 2.1533/53 UK 4 .02/03 Neth 94.91/71 Swttt 96.97/97.07 Italy 2.919/129 Prance 47 .13/23 Norw 43.60/70 Belg (com) 6.504/ 514 Belg (fin) 6.499/519 Japan 9.9950/90
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      • Article
        Eurobonds
        305 8 LONDON, Thurs. Trading Interest In Eurobonds was quiet, dealers said. US straights and Canadians displayed a firm undertone on small turnover while floating rate notes and German bonds showed little change. Strucbu Bid Oflhr > o» 8 101 102 V, Bell Canada 8V. M 104* ***** BFCE8V.83 102 *****
        305 words
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      Page 8 Advertisements Column 1
      379 8 from Penguin BELLOW 1976 Nobel Prizewinner FLdTTciT 1976 Nobel Prize Winner is at his best again in his latest book To Jerusalem and Back'. As with his recent best-seller'Humboldt's Gift', Bellow's brilliant images emerge at frequent intervals like sunshine through fog, witty, clever, radiantly imaginative and without doubt, Bellow has
      379 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article, Illustration
      Lock icon Date set for the signing of new Panama Canal treaty
      1083 9 Reuter Washington Star WASHINGTON, Thurs. President Carter and Panama's head of government, Brigadier General Omar Torrljos, will sign a new Panama Canal treaty In Washington on Sept 7, sources close to the administration said last night. The treaty, which Is
      Reuter; Washington Star  -  1,083 words
    • Article
      Circulars are available
      102 9 VARIOUS port circulars Issued between 1971 and 1976, and still In force, may be obtained from the Port Master's office at $1 per copy. The subjects covered by these circulars Include the carriage and handling of liquefied petroleum gas, prohibition of movement at various port areas, pilotage,
      102 words
    • Article
      Lock icon UK fleet record contribution
      122 9 Reuter LONDON Thurs. UKowned merchant ships made a record net contribution of £1,014 million (552.280 million) to the UK balance of payments In 1976, an Increase of £148 million over 1975, the General Council of British Shipping (OCBS) says. Total gross earnings by the UK fleet
      Reuter  -  122 words
    • Article
      Lock icon French air controllers will go slow today
      428 9 UPI Reuter PARIS, Thurs. Travellers using French airports face delays from tomorrow when air traffic controllers start a 10-day work-to-rule In protest at the government's refusal to open negotiations on better working conditions. The French go-slow seems certain to add to the European
      UPI; Reuter  -  428 words
    • Article
      Lock icon Yugoslav move to revive slump in shipping industry
      864 9  -  Yugoslav shipyards are in a state of high delight. They have just received orders for no fewer than 62 vessels an extraordinary amount of shipping in these hard times. Even more extraordinary is the source of the orders By DAVID LASCELLES FT
      FT  -  864 words
    • Article, Illustration
      IN PORT
      349 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Setawar (1500) 19 Ibn Majid (0900 37/ 38 Golden Source (0600 23 Jun Shan (3FRD) (0600 after Giso Maru) 27/ 28 Katoa (0700 after Eumaeus) 35 Nedlloyd Eems (0500) 10/ 11 Wyoming (0600 3/ 4 Yushan ~(BSRQ) (0600) 45 PASIR PANJANG WHARVES
      349 words
    • Article
      Lock icon Talks postponed
      108 9 Reuter NEW YORK, Thurs. Contract talks between the International Longshoremen's Association and the Council of North American Shipping Associations (Conasa) have been postponed indefinitely, although heads, of both organisations are continuing to maet, a Conasa spokesman said. Full negotiating teams from both sides were tentatively scheduled to meet
      Reuter  -  108 words
    • Article
      Lock icon Japanese seek air accord
      144 9 UPI TOKYO, Thurs. Japan's two major air lines will start negotiations with Vietnam soon for conclusion of an air pact designed to resume regular air service between the two countries, Japanese officials said yesterday. Officials of Japan Air Lines (JAL) and All Nippon Airways (ANA) said
      UPI  -  144 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      597 9 ARRIVALS DEPARTURES Service Local Operator Number Time From Service Operator Number Local Time For KAL KE807 0015 SEL CAL CI331 0040 TPE/HKO/KUL MAS MH682 0610 KCH PAN PA847 0810 SFO/HNL/OUM OIA GA900 1000 HLP OIA QA980 1030 HLP SIA SQ211 1045 HLP OIA OA944 1055 PKU OIA
      597 words
    • Article
      Lock icon LONDON FREIGHT MARKET
      258 9 AP LONDON, Thurs. North American grain chartering again proved to be the main feature of the London freight market yesterday with particular emphasis on the US Oulf loading area. Rate patterns for such loaders showed a further weakening with reductions of up to 30 cents being recorded
      AP  -  258 words
    • Article
      Lock icon Airbus for Eastern Airlines
      79 9 AFP TOULOUSE, France, Thurs. The first A-300 B airbus to be leased to Eastern Airlines of the United States left Toulouse yesterday for delivery to America, it was announced here. The aircraft has had some modifications from the standard model, including a reduction of the capacity
      AFP  -  79 words
    • Article
      Lock icon Scott Lithgow wins order
      118 9 AFP LONDON, Thurs. A government subsidy has enabled the British shipyard Scott Lithgow of Glasgow to win a £36 million (SsBl million) order, probably at the expense of Japanese builders, it was learned here yesterday. The order from the Ocean Transport Lines of Britain for three
      AFP  -  118 words
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      68 9 MITSUI TRUST Beacon of Progress V 'Ui «4i i m m m thi m:tsui tbu-st a. banking company iimitcd NMhpMMtllK Tm iai DK»».i9—w*«t nil" TafcJ I Yart torn*k: T«n 227*01 MtCO UN CjBM AMn TRWTWT NEW YORK Im (Ww Tafcya, Japan Tata JMJS7 CabH AMn» TRUSTHtT TOKYO Tata 237K MITIMTI
      68 words
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    Lock icon Renewed interest in foreign trade
    930 10  -  RESULT OF TENG'S COMEBACK China's hint* of huge orders for foreign equipment are beginning to harden into reality, and it is becoming possible to see the areas in which the biggest orders are likely to be placed. Foreigners can begin mailing their catalogues to Peking
    FT  -  930 words
  • Article
    Lock icon Soviets abandon cities for their dachas
    1111 10  -  By CHRISTOPHER WREN NYT MOSCOW: The official press may be busy orchestrating a public debate over the new constitution, but in these sultry August days many Russians seem far more preoccupied with their summer dachas. The Soviet leader, Leonid Brezhnev, has one. So does
    NYT  -  1,111 words
  • Article, Illustration
    Lock icon Efforts to kick out Cheddi Jagan wasted
    788 10  -  By MARK FRANKLAND NYT GUYANA: Few episodes In recent Caribbean history have proved more comic and pointless than the conspiracy by the British and American Governments to keep the pro-Moscow communist Cheddi Jagan from the premiership when Guyana became Independent 11 years ago.
    NYT  -  788 words
  • Article
    Lock icon Toughest union rules
    1018 10 FILM PRODUCERS'WOES NYT NEW YORK: No Industry is more enmeshed In a thicket of union work rules than film and television production. But as befits the business of entertainment and illusion, the image is one thing the reality, something else. In theory, production companies must labour under
    NYT  -  1,018 words
  • Article, Illustration
    Bert Lance interview
    1546 10 Bert Lance, the Carter Administration's director of the office of management and the budget, has been the subject of charges of impropriety concerning some of his banking transactions. The Comptroller of the Currency has issued an extensive report on Lance's activities and President Carter warmly supported him.
    1,546 words
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      271 10 mj ACE INVITED to the First International Exhibition of Business Equipment Services in Southeast Asia ABExr >ISMN BUSINESS EXPO September 7,8, 9,10,1977 Hyatt Singapore Hotel Convention Centre A Rewarding Event tor Business Personnel in industry, Retailing, Wholesaling, Commerce 16S DISPLAYS... of equipment and systems for data processing, copying, word processing,
      271 words
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  • Article
    Lock icon Tokyo textile exporters land big Peking order
    322 11 AFP TOKYO, Thurs. Japan's two major textile manufacturers, wanting China to become their third largest market, have reached agreement with Peking to export a large amount of synthetic fabrics, It was reported today. The Yomlurl newspaper said China has contracted to buy some
    AFP  -  322 words
  • Article
    Lock icon Manila sugar drive won't affect Australia
    453 11 Reuter SYDNEY, Thurs. Benlor government officials foresee no disadvantage to Australian sugar exports at present arising from proposals by the Philippines to negotiate long-term supply contracts with tnree of Australia's sugar customers. On Tuesday, It was reported from Manila that the Philippines Sugar Commission
    Reuter  -  453 words
  • Article
    Lock icon Japanese take up China's offer of soybeans
    223 11 Reuter UPI TOKYO, Thurs. The Japanese Association of Chinese Soybean Importers has offered to buy 5,000 tonnes of Chinese soybeans from the China Edible Oil Corp at 480 yuan per tonne for September shipment, an association spokesman said. This was in response to
    Reuter; UPI  -  223 words
  • Article
    Lock icon Mills 'yes' to dearer iron ore
    123 11 Reuter TOKYO, Thurs. Japanese steel mills agreed to an increase in prices of Australian iron ore supplied by Hamersley mines by an average '£i per cent for the 10.5 million tonnes to be shipped in the 1977 and 1978 fiscal years ending March 1979,
    Reuter  -  123 words
  • Article
    Agency picks Orions for anti-sub patrols
    127 11 TOKYO, Thurs. Japan's defence agency has formally decided to purchase 45 Lockheed PC3 Orions as its next-generation antl-sub-marlne patrol planes over a 10-year period beginning next year, Its director general Asao Mihara said. He told a press conference the American aircraft met all performance
    127 words
  • Article
    Lock icon Hanoi debt proposals
    103 11 Reuter TOKYO, Thurs. Japan's ambassador to Vietnam said he will take to Hanoi proposals concerning the 16.7 billion yen (*****.9 million) debt to Japan incurred by the former government of South Vietnam. He told a press conference on the eve of his departure for Hanoi that negotiations
    Reuter  -  103 words
  • Article
    Lock icon Housing loans down
    100 11 UPI. TOKYO, Thurs. Reflecting a slow business recovery, commercial banks' lendlngs for housing construction registered the first yearly decline In nearly three years in the first quarter of 1977 fiscal year, the Bank of Japan said today. Housing loans made by commercial banks and mutual loans by
    UPI.  -  100 words
  • Article
    MAS may lease jet
    100 11 MALAYSIAN Airlines System may lease a DC-10 Jet to Singapore Airlines by the end of this year. Negotiations for this lease arrangement are going on between the two airlines. When leased, the 252seater aircraft will be used by SIA on its SingaporeAuckland route, replacing the 142-seat
    100 words
  • Article
    Mishaps in May
    41 11 THE total number of traffic accidents in May was 2,890 255 more over the similar 1976 month, the police said In a statement yesterday. There were 19 fatal accidents In May this year against 20 In May 76.
    41 words
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    Malaysia seeks new deal
    151 11 KUALA LUMPUR, Thurs. The Malaysian government Is taking steps to renegotiate the sugar agreement with Australian sugar suppliers for Improved terms. Trade and Industry Minister Datuk Hamzah Abu Sam ah said today the move was necessary because since the 1973/74 agreement was made between Malaysia and
    151 words
  • Article
    Singapore books on show at Frankfurt fair
    372 11 THE Singapore Book Publishers' Association will be represented In greater force this year at the coming Frankfurt Book Fair with some 300 titles which are better and more suitable to the trade than previous submissions. The 300-odd titles are mostly trade books under
    372 words
  • Article
    Lock icon Dearer farm tractors
    113 11 Reuter OSAKA, Thurs. Two major Japanese tractor builders said they will raise export prices of small-size tractors for agricultural use to the US market by five to six per cent due to the yen's appreciation. Kubota Ltd said its export prices will be Increased by about five
    Reuter  -  113 words
  • Article
    Lock icon Plywood makers' meeting
    99 11 Reuter KUALA LUMPUR, Thurs. Asian plywood manufacturers will hold their fifth conference here on Oct 4 to discuss development of the plywood Industry and Its problems, conference organisers said here today. The Malaysian Plywood Manufacturers Association (MPMA) said the three-day conference hoped to promote regional cooperation In
    Reuter  -  99 words
  • Article
    Lock icon ITC won't fold up if Bolivia quits
    116 11 Reuter JAKARTA, Thurs. The chief executive of the International Tin Council (ITC), Peter Lai, said the organisation would not dlsIntegrate if Bolivia withdrew. "If Bolivia withdraws from the ITC it could have some repercussions, but It will not cause the ITC to disintegrate"
    Reuter  -  116 words
  • Article
    Two-day concrete meet opens
    112 11 MORE than 190 delegates from seven countries yesterday began a two-day conference entitled "Our World In Concrete and Structures" at the ShangriLa Hotel. It Is sponsored by the Ready-Mixed Concrete Association of Singapore. Mr. Llm Kim Peow, president of the association, In declaring open the conference,
    112 words
  • Article
    Lock icon Chamber against MRELB as sole issuer of certs
    213 11 AFP KUALA LUMPUR, Thurs. The Malayaian International Chamber of Commerce and Industry (MICCI), representing the predominantly Britiah and foreign business interest including plantationa, haa "vigorously objected" to the decision by the Malaysian Rubber Exchange and Licensing Board (MRELB) to be the sole
    AFP  -  213 words
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    Lock icon Mining contracts with Indonesia
    211 11 AP JAKARTA, Thurs. One Taiwanese and two Hongkong mining companies engaged In Joint ventures with Indonesian firms will shortly sign working contracts with the government, on non-oil and nonfas mining projects In ndonesla, the Mining Department said today. It will be the second "third generation" working
    AP  -  211 words
  • Article
    Enlightened policy benefits hawkers
    134 11 I SINGAPORE is probably the only country In the world to have an enlightened hawker policy, according to an MP yesterday. Speaking at the balloting of hawker stalls at the new Balestler Hawker Centre yesterday, Dr. Augustine Tan, the MP (or Whampoa, said the Government has
    134 words
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    Lock icon Amex, Bancom open merchant bank in HK
    160 11 Reuter HONGKONG, Thurs. American Express International Banking Corp and the Bancom group of the Philippines opened a regional merchant bank, Amex Bancom Ltd, here today. The new bank has a paid up capital of US$4 million (559.6 million) held 75 per cent by
    Reuter  -  160 words
  • Article
    The strangest things can be found in tin cans ...
    705 11 The strangest things can be found in tin cans THE tlnplate can, today still the cheapest and most effective way of preserving heat-processed foods since its Introduction 150 years ago, has been used for a wide variety of purposes far removed from Its principal role as a container of food
    705 words
  • Article
    Exhibits for centre
    36 11 FUJITSU Ltd will present SI million worth of exhibits to the Singapore Science Centre. These exhibits com{>rlse 14 scientific products ocated in a complex of booths named the "Communication and Information Systems Corner".
    36 words
  • Article
    Envoy's talk
    42 11 SINGAPORE'S Ambassador to Japan, Mr. Wee Mon Cheng, will address members of the National Productivity Association on How our manufactured goods can penetrate the Japanese market at a dinner tomorrow at the Mandarin Hotel. Mr. Wee will speak In Mandarin.
    42 words
  • Article
    Lock icon India turns to US for steel know-how
    550 11 NYT NEW DELHI, Thurs. India has quietly terminated an agreement with the Soviet Union and turned Instead to the United States for technical help In the expansion of the Bokaro steel plant In the eastern state of Bihar. In April, it has been
    NYT  -  550 words
  • Article
    Lock icon Rubber output higher in May
    142 11 Reuter KUALA LUMPUR, Thurs. Rubber production in Peninsular Malaysia rose In May to 99,061 tonnes from a revised 89,409 In April, but was below the 115,410 tonnes In May 1976, Statistics Department figures show. Exports In May fell to 107,442 tonnes from the 108,118 in
    Reuter  -  142 words
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      435 11 PAPUA NEW GUINEA HARBOURS BOARD PORT DEVELOPMENT PROJECT PORT MORESBY REGISTRATION OF TENDERERS Applications are invited from Contractors for registration as prospective tenderers for the construction of a new land backed berth at Port Moresby. The project will involve the construction of a heavy duty concrete wharf deck supported by
      435 words
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    Lock icon Full production of Aussie uranium within three years
    1464 12 Agencies CANBERRA, Thurs. Australian uranium is expected to be In full production within three years, following the government's greenllght announcement today on the mining and export of Australia's vast resources of uranium. The Prime Minister, Mr. Malcolm Fraser, told Parliament the export
    Agencies  -  1,464 words
  • Article
    LONDON STOCKS
    818 12 LONDON. Thurs. Stock prices rose slightly today on the strength of sterling, dealers said. At 3 pm the Financial Times index was up three points at 489.8. Trading was thin ahead of the long weekend In the UK, dealers added. Government bonds added up to 1/4 point after
    818 words
  • Article
    Should S'pore adopt PA YE tax system?
    449 12 A SUGGESTION that Singapore Introduces the pay-as-you-earn (PAYE) Income tax system will be brought up at the next sitting of Parliament. The MP for Punggol, Mr. Ng Kah Ting, will ask the Finance Minister whether he will consider Introducing this system whereby the
    449 words
  • Article
    Yards in dire need of more attractive govt aid
    403 12 ONE OF Singapore's largest shipyards has urged the Government to provide greater financial support to the industry. The call came from Mr. Low Guan Onn, Joint managing director of Jurong Shipyard Limited (JSL), at the launching ceremony of a Freedom vessel
    403 words
  • Article
    Lock icon Smaller credit sought
    237 12 Reuter NEW YORK, Thurs. The Philippine Central Bank Is discussing a sharply reduced stand-by credit agreement with a large consortium of US banks. Banking sources said the discussions are still tentative but a revolving credit of about Ujßss2S million (*****1 million) is tentatively planned running through 1983
    Reuter  -  237 words
  • Article, Illustration
    Grossey of Bovis to head P&O (A)
    150 12 MR. Peter Orossey (above), currently managing director of Bovis South East Asia, has been appointed managing director of P and O (Asia) Ltd, a sister company located In Hongkong. Although his appointment will take effect from Oct 1, Bovis sources say he will
    150 words
  • Article
    Haw Par hearing adjourned
    99 12 THE High Court yesterday adjourned again the hearing of a petition by Haw Par Brothers International for an order confirming the reduction of the share Rremlum account from >1,288,789 to $2,349,413. The hearing was adjourned to call for a report from a chartered accountant, Mr. J.M.
    99 words
  • Article
    Lock icon Asean, US to discuss commodity prices
    513 12 UPI AFP MANILA, Thurs. Asean will collectively discuss with the United States next month price stabilisation measures on seven specific commodities, a Philippine official said today. Trade undersecretary Vicente Valdepenas said the commodities are tin, natural rubber, vegetable oil, tropical timber, copper, sugar and
    UPI; AFP  -  513 words
  • Article
    Four areas that will boost credit growth
    576 12 A LEADING local economist yesterday Identified four areas that will lead to the growth of credit In the present world economy. Dr. Lee 800 Ann, associate professor 4 of economics at the University of Singapore, Identified these as the growth of world trade,
    576 words
  • Article
    Lock icon Dollar watchers checked
    123 12 AFP CANBERRA, Thurs. Australia has begun to hedge against any speculation of further devaluation of the Australian dollar. The Treasurer, Mr. Phillip Lynch, said he expected Australia's external position to strengthen during 1977/78 and Australia's reserves abroad were more than A 52.75 billion (557.42 billion). However, he
    AFP  -  123 words
  • Article
    Lock icon Aid grant ratified
    39 12 AP TOKYO, Thurs. Japan and Outer Mongolia exchanged Instruments of ratification here today on an agreement concluded in March for a Japanese aid grant totalling 5 billion yen (Ss46 million) over the next four years. AP.
    AP  -  39 words
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