The Business Times, 14 September 1977
1977-09-14
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The Business Times
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Title Section10 1977-09-14 1 BUSINESS TIMES M.C.<P) 300/1/77 WEDNESDAY, SEPTEMBER 14, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article69 1977-09-14 1 AP DARWIN, Tues. A Singapore boat is to supply urgently needed fuel to the "Can-tiki" the world's first ocean-going beer can boat in a midnight rendezvous in the north Java Sea tomorrow. The Can-Tiki has made excellent progress since all motors were repaired and there is nowAP - 69 words
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Article42 1977-09-14 1 AFP JAKARTA, Tues. Indonesian Customs today seized 10 trunks containing watches, tape-recor-ders, video-cassette-recorders and medicine at Jakarta airport, it was reported here. These trunks marked "Ambassade d'lndonesia" in French had been unloaded from a Garuda plane arriving from Singapore. AFPAFP - 42 words
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Article56 1977-09-14 1 AFP LONDON, Tues. A Greek firm has set up the biggest private steel plant in Britain, virtually without anybody knowing, the Metal Bulletin reported today. The Halyvourglkl Company plans to produce up to one million tonnes a year at the plant, which began output in July. It willAFP - 56 words
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Article87 1977-09-14 1 AFP NIORT (Sout-west France), Tues. The boss of a small strike-bound trucking firm here is offering to hand over the business to his staff in return for a one franc (S 50 cents) payment. Mr. De Laudendach, aged 30, employs 13 drivers who are on strikeAFP - 87 words
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Article77 1977-09-14 1 Reuter LAHORE, Tues. Pakistani ex-Premier Zulfikar AH Bhutto went free on bail today after 10 days in jail for questioning about a political murder, and pledged a vigorous campaign for a comeback in elections due on Oct 18. But Mr. Bhutto, 49, deposed in an army coup last July,Reuter - 77 words
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Article65 1977-09-14 1 AP BEIRUT, Tues. The number of cholera cases in West Asia surpassed the 2,500 mark today as nations bordering the affected regions sought to contain the spread of the epidemic. Syria, the hardest hit country, reported that the number of confirmed cases had risen from 2,105 to 2,300AP - 65 words
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Article90 1977-09-14 1 UPI NEW YORK, Tues. Bargain hunters helped stocks move higher early today In a continuation of a late rally attempt In the previous session. Trading was moderately active. The Dow Jones industrial average, which lost 2.69 points yesterday, was ahead 1.39 points to 855.77 shortly before 11 am.UPI - 90 words
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Chief Price Changes
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Article, Illustration183 1977-09-14 1 SENTIMENT was generally depressed in quiet and cautious trading on the Stock Exchange of Singapore yesterday. The lower-price stocks suffered a wider margin of losses, which in extreme cases ranged up to four per cent. However, reflecting gains by the other active stocks, the Business Times index183 words
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Article105 1977-09-14 1 Foils Most active Malayan Tin 12.60 -.50 Olytnpla 212,000 8. Trading 5.85 -.15 Sentosa 150,000 M Banking 3.52 -.08 KL Kepong 147,000 Sentosa 2.00 -.08 O. Ceramics 105,000 K. K am par Llngul 2.92 -.08 Total Turnover: 2.35 M 0.85 -.08 Total Value: M84.24 M O. Ropel105 words
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Article934 1977-09-14 1 QUEK PECK LIM - AVERAGE OF $26,000 A MONTH Br QUEK PECK LIM THERE are 238 people In Singapore who earn more In a month than 90 per cent of taxpayers earn in a year. This was revealed in statistics contained in the latest annual report of the Inland934 words
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Article318 1977-09-14 1 INVITATIONAL telexes for the US$l5 million sevenyear Euro-Asian dollar bond Issue by Keppel Shipyard were despatched yesterday by lead managers Dalwa Securities of Japan. The non-guaranteed bearer bonds, the fourth in two years by one of Singapore's largest shiprepalr companies, will have for comanagers the Development Bank318 words
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557 1977-09-14 1 THE National Productivity Board last year conducted a total of 323 In-centfe. lncompany and TWI( training within Industry) courses and seminars for 4,241 participants, said Mr. Peter A.P. Lye, consultant and head of its Management Services and Training Unit. Mr. Lye, speaking at557 words
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280 1977-09-14 1 MALAYAN Credit has. resigned Itself to the fact that Its ambitious Ardmore Park housing project will not yield as good a return as originally expected. Revealing this In the annual report released yesterday, the chairman, Datuk Wang Teng Klat said the investment project, which280 words
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Article76 1977-09-14 1 AFP PEKING, Tues. Along with production and "socialist profit", "emulation" between enterprises is being stressed in China. The official press today called on companies, factories, mines and all economic sectors to compare their results and their forecasts, and "translate into concrete targets" the various technical and industrialAFP - 76 words
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152 1977-09-14 1 UPI TOKYO, Tues. Oranting special Import preferences to Asean countries would be against Japanese policy. Foreign Minister Ilchlro Hatoyama said today. "We don't believe In preferences for any specific area of the world," the Foreign Minister said In a speech at the Tokyo Foreign CorrespondentsUPI - 152 words
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234 1977-09-14 1 Reuter MANILA, Tues. The Philippine Central Bank has disclosed the interest rates for borrowings from a US$lOO million (5<247.7 million) foreign exchange swap fund set up among the five members of Asean last month. The interest will be the average inter-bank or foreign exchangeReuter - 234 words
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567 1977-09-14 1 A LOCAL businessman has pulled off a contract worth millions of dollars in West Asia, showing clearly that business In that area can be won by those who actively seek It out. Mr. Success In this case appears to fight very shy567 words
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Article96 1977-09-14 1 AP WASHINGTON, Tues.' US Senate and House of Representatives conferees have agreed on a $458.3 billion (551,145 billion) budget for next year that will result in a deficit of $61.3 billion. The White House expects the economy to grow at a rate of 5.3 per cent CongressAP - 96 words
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Page 1 Advertisements
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Advertisement33 1977-09-14 1 U ,5N y '•XL a* v>*. hc\n wm ■x f-> fv ra -»#< fc. VS A*< > r *;V r- f v 7)ffiAiflU I'l II s r mmin f Jk*j k dJfctiliLLL < 4PI > 4* V33 words
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Advertisement188 1977-09-14 1 SKILLS—"RRTLiIaS Dispense with the usual frills, B get the job done quickly and skilfully. Try Manpower for professional temporary help in T offices, sales, data processing, i stores and other categories Call us today! ©MANPOWER *****8 TEMPORARY SERVICES The desk that keeps your accounts up to date and you out188 words
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OVERSEAS
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644 1977-09-14 2 UPI Reuter WASHINGTON, Tues. Jimmy Carter's three top aides knew before Mr. Bert Lance was confirmed as budget Director that he and his family had written U*****,000 (SSI.I million) In overdrawn cheques but did not tell the presidentelect, one of them said yesterday. WhiteUPI; Reuter - 644 words
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Article414 1977-09-14 2 AP CAIRO, Tues. Egypt would support efforts of the US Ford motor company to get Its name removed from the Arab boycott list If final details can be worked out on a US$l5O million (***** million) project to build trucks and dlesel engines, sources said yesterday.AP - 414 words
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227 1977-09-14 2 AP WASHINGTON, Tues. Federal Reserve Board chairman Arthur Burns ■aid "yesterday be has an open mind" on the possible need for new controls over the banking industry in America. But he added that "we cannot remind ourselves too often that haste canAP - 227 words
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Article58 1977-09-14 2 Reuter FRANKFURT, Tues. World car sales will slow and other /actors help Intensify competition. General Motors general director in Europe John McCormack said. He told a seminar energy considerations are shrinking American vehicles so that they are coming In line with those of Europe. He said heReuter - 58 words
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Article456 1977-09-14 2 Reuter WASHINGTON, Tues. Federal Reserve Board Chairman Arthur Burns criticised a bill which would direct the Oeneral Accounting Office to audit the Fed, saying Its current exemptlon Is "one of the main pillar's of Federal Reserve independence." He told the Kentucky Bankers Association InReuter - 456 words
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Article297 1977-09-14 2 Reuter LONDON, Tues. UK wholesale prices rose 0.75 per cent In August following a 1.25 per cent rise In July, provisional Industry Department figures show. The year on year rate for output prices fell to 20 per cent In August from 21 per cent in July, theReuter - 297 words
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Article84 1977-09-14 2 Reuter WASHINGTON, Tues. British Conservative Party leader Margaret Thatcher today meets veteran American Labour leader George Meany, head of the 13.5-mllilon-member AFLCIO labour confederation. The meeting with Mr. Meany Is considered an im- portant stop on Mrs. Thatcher's itinerary with the Conservative Party interested in showing thatReuter - 84 words
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Article704 1977-09-14 2 UPI NEW YORK, Tues. The International Monetary Fund (IMF) has quietly been auctioning one of the world's oldest yardsticks of value, gold, to lessen one of the globe's most ancient Ills poverty. Despite Initial forecasts, the IMF's goal of selling 25 million ounces of goldUPI - 704 words
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Article182 1977-09-14 2 Reuter WASHINGTON, Tues. Yields rose sharply at yesterday's regular weekly auction of three and slxmonth Treasury bills. The Treasury said the yield on the three-month bill rose to 5.887 per cent from 5.554 per cent last week and was the highest since the 8.045 per cent recordedReuter - 182 words
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Article124 1977-09-14 2 AFP WASHINGTON, Tues. The US Senate today approved a bill aimed at banning manufacture of cars consuming large amounts of petrol the socalled "gas guzzlers". The bill approved by the Senate establishes a minimum of 28 km four litres (maximum of 14.8 litre per 100 km) forAFP - 124 words
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252 1977-09-14 2 UPI MONTREAL, Tues. The International Civil Aviation Organisation opens Its triennial general assembly today faced with an array of problems ranging from the environmental and economic to air piracy. Quebec Premier Rene Levesque will deliver a key address when theUPI - 252 words
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Article190 1977-09-14 2 Reuter FRANKFURT, Tues. Germany's net monetary reserves fell around 200 million marks (Ss2lo million) to 86.3 billion In the week ended Sept 7, the Bundesbank said. The Bundesbank said net currency reserves rose Just under 1.1 billion marks to 75.7 billion. Non-currency reserves fell 1.2 billionReuter - 190 words
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263 1977-09-14 2 UPI OSLO, Tues. Prime Minister Odvar Nordll's Labour Party and the NonSocialist Coalition both claimed the victory in Norway's general election today as postal votes helped the Christian Peoples Party win the last mandate. The Christian Peoples Party's win of the last seat causedUPI - 263 words
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908 1977-09-14 3 NYT NEW YORK, Tues. American oil Interests were rebuffed In an attempt last year to obtain Treasury Department help In fashioning a favourable overseas contract to salvage an adverse tax ruling, according to an Internal Treasury document. The attempt, made In mid-1976 byNYT - 908 words
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Article165 1977-09-14 3 Reuter AP LONDON, Tues. Authorities closely monitored bread prices today to try to block profiteering during a strike by bakery workers who produce 80 per cent of Britain's loaves. Acting after housewives complained some of the dwindling bread supplies were being sold at up toReuter; AP - 165 words
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Article74 1977-09-14 3 UPI WASHINGTON, Tues. The House of Representatives yesterday voted to create a US$2OO million (*****.4 million) fund to finance the cleaning up of oil spills and compensate businesses and individuals. The oil pollution damage fund would be financed by a fee of up to US3 centsUPI - 74 words
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Article191 1977-09-14 3 Reuter NEW YORK, Tues. The Arabian American Oil Co has received no word from the Saudi Arabian Government about the imminence of a final takeover agreement or a new production ceiling, an Aramco spokesman said. The company had been in touch with its Saudi Arabian officesReuter - 191 words
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363 1977-09-14 3 Reuter WASHINGTON, Tues. The Civil Aeronautics Board reaffirmed most of Its earlier order opening up new US cities to non-stop air service to London, but said In the future It will encourage more traffic to other European cities. The awards, which must beReuter - 363 words
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Article339 1977-09-14 3 Reuter WASHINGTON, Mon. US retail sales rose 1.7 per cent In August to a seasonally adjusted U5559.92 blnlon (8*146.8 billion) from $58.93 billion In July, the Commerce Department reported. Durable goods sales Increased to $20.45 billion from $19.75 billion, while non-durable sales rose to $39.47 billionReuter - 339 words
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215 1977-09-14 3 AFP BASLE, Turn. Central bank governor! of major industrialized countries, mooting last night for the flnt time since the summer holiday period, discussed preparation* for the forthcoming annual assembly of the International Monetary Fund (IMF), international financial sources said here. The IMF meetingAFP - 215 words
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Article308 1977-09-14 3 UPI UNITED NATIONS. Tues. The UN General Assembly meets today to wind up Its recessed 1976 session with a three-day discussion of the global economic situation, especially a Third World demand for creation of a new International economic order. The assembly will adjourn on FridayUPI - 308 words
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Article65 1977-09-14 3 Reuter WASHINGTON Mon. Budget Director Bert Lance said the Carter Administration will take steps to encourage a boom In business Investment. Addressing the International Management and Investment Institute, Mr. Lance said economic growth In the coming year depends on Investments In business plant and equipment.Reuter - 65 words
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Article360 1977-09-14 3 Reuter GENEVA, Tues. A meeting of ministers from more than 100 countries to discuss the growing external debts of Third World states has been delayed again, the organisers reported yesterday. The meeting, originally planned for last March, has been postponed three times to this month,Reuter - 360 words
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Article62 1977-09-14 3 Reuter NEW YORK, Tues. The US economy continues to recover despite predictions from economists and high government officials of a coming recession, Citibank of New York said yesterday. Real Gross National Product (ONP) will possibly Increase by a very small amount In this quarter or next, and the slowdownReuter - 62 words
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Page 2 Advertisements
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Advertisement412 1977-09-14 2 Revised and enlarged* with more cases, more examples... the law and practice fully explained, including 1977 changes Now recognised as the number one Singapore tax manual, this third edition of the Guide is 90 pages bigger with more cases to give authority, more examples to highlight explanations, and incorporates all412 words
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Page 2 Miscellaneous
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Miscellaneous322 1977-09-14 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Sept. 13 at Singapore airport. Maximum Temperature .29.7° C Associated Humidity 68 Minimum Temperature 23.2° C Associated Humidity 98 Hours of Sunshine 2.60 Rainfall in Millimetres 1.0 Rainfall for the Month 63.2 Total Rainy Days for the Month322 words
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Page 3 Advertisements
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Advertisement643 1977-09-14 3 MikeToh, Parts Manager, S.E.S. We know that small parts can mean big money! "At S.ES. we know and understand the importance of spare parts backup. We know how profit can be affected by downtime on heavy equipment Thaf s why we place so much emphasis on speedy parts delivery and643 words
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Page 3 Miscellaneous
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Miscellaneous608 1977-09-14 3 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS DOV 3 Timepiece guard! (5) 8 Heathen making dad back a horse (9) 18 Lake the King brothers? (S) 11 Rock to the right (3) rnmmmn style (5) 13 Masterly method of program (7) 16 Secrets of the Signals (5) I* Assume a name (3)608 words
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COMPANY NEWS
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Article, Illustration1267 1977-09-14 4 THE sharp turnround achieved by South Johore Amalgamated Holdings from a group pre-tax loss of M 5135,303 to a profit of $508,370 for the year ended March 31, 1977 is not as Impressive as the figures Indicate Judging by the auditors' qualifications.1,267 words
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Article384 1977-09-14 4 Current Ex Date Total for To u 1 for payment Date payable the year previous year Selangor Properties SHI Aug 23 Sept 18 8%I 16% Alexandra Holding* 5% Sept 6 Sept 19 5% 5% C. Sugar* 10% Sept 5 Sept 29 15% nil International Wood 10%TE Aug 8384 words
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COMPANY MEETINGS
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Article25 1977-09-14 4 THE following company meetings are due: Sept. 17, 12 noon at the Oardenla Room Shangri-La Hotel, 22 Orange Grove Road, Singapore 10.25 words
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Article18 1977-09-14 4 Sept. 17 at 15th Floor, Rooms 1511/1512, Shlng Kwan House, 4 Shenton Way, Singapore 1.18 words
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Article12 1977-09-14 4 i: Sept. 19 at the Registered Office, Batu Tlga, Selangor.12 words
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LATEST RESULTS
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Article22 1977-09-14 4 Unaudited group pre-tax profit $708,000 ($406,000) for the first six months ended June 30, 1977. Company pre-tax profit $369,000 ($287,000).22 words
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396 1977-09-14 4 THE Inverse tale of lower output but higher profit repeats Itself at Austral Amalgamated Tin. For this, shareholders have the higher prevailing tin price to thank. For the year ended June 30, 1977 pre-tax profit rose 34 per cent to M 59.19 million.396 words
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Article202 1977-09-14 4 ON A sharp Increase In sales of 51 per cent, Setron Malaysia turned In a pre-tax profit of M 5351,658 for the first half of 1977. This represents an Increase of 28 per cent over a pre-tax profit of $275,000 for the same period of 1976.202 words
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Article72 1977-09-14 4 KUALA LUMPUR,Tues. Cycle and Carriage Blntang has appointed Equity Mai (Johore) as its Mercedes Benz dealers for Johore Baru. This Is the fifth dealership appointment made by Cycle and Carriage Blntang. The others are In Alor Star, Taiplng, Kuantan and Klang. Encik Muhylddin Yassln, executive72 words
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901 1977-09-14 4 NYT SAN FRANCISCO: Seven months before Howard Hughes died, Chester Davis, his lawyer, lost a power struggle with F.W. Gay, then the chief executive of Mr. Hughes' Summa Corp. This struggle, waged on the doorstep of the unreal world where Mr. HughesNYT - 901 words
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Article1161 1977-09-14 4 On Sept 12 TRADING In options on the Chicago Board Options Exchange came to 93,383 contracts on Monday, compared with 94,227 contracts on Friday. OPTION OCT JAN APL 8TOCK Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR Avon Avon Bank Am Bank Am Bank1,161 words
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925 1977-09-14 4 NYT NEW YORK, Tues. One of the year's biggest surprises and worries in the nation's business and investment worlds has been the hard times that have buffeted most of the metal Industries. There are signs, too, that Washington is beginning to become concerned.NYT - 925 words
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Article461 1977-09-14 4 NYT NEW YORK The Securities and Exchange Commission report issued two weeks ago that charged local politicians and banks with having misled Investors in issuing dubious notes In 1974 and 1975 obscures a silver lining. In a rescue effort, the Municipal Assistance Corporation was setNYT - 461 words
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Page 4 Advertisements
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Advertisement55 1977-09-14 4 9 «;v. di A P* wmm Mtena mm MX «v L tMmgm *w I Tf- T 3M RiMtiT »B(ti j n provide. Starting from 1978. Fares start from $3097. a 5 drf:l»W:ir:l«7»lf:TKin»T: r t>? c? k ®k.r -V MMve 0> >v> r "5 4 V V r<w. f < T~T55 words
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INTERNATIONAL COMPANY NEWS
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244 1977-09-14 5 EUROPEAN COMPANIES Reuter FRANKFURT, Tues. Ente Nazlonale Idrocarburi (ENI) plans to raise US$lOO million to $150 million this year to help finance a natural gas pipeline to Italy from Algeria, ENI president Pletro Sette said. He did not elaborate. Mr. Sette wasReuter - 244 words
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Article109 1977-09-14 5 Reuter TURIN. Tues. Flat SPA announced the signing in London of a US$35 million 4V, year loan for Its Argentine subsidiary, Flat Concord The loan carries Interest at 1 7/8 per cent above London interbank offered Eurodollar rates. It is not guaranteed by either FiatReuter - 109 words
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Article48 1977-09-14 5 Reuter LONDON, Tues. Vauxhall Motors said It won a £40 million contract to supply 2,000 trucks to the UK Ministry of Defence. Delivery of the order will be between 1980 and 1983 and the vehicles will be built at the General Motors subsidiary's Dunstable, Bedfordshire factory.Reuter - 48 words
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619 1977-09-14 5 FT PARIS, Tues. The fate of Manufrance, a mail-order, retailing and small arms manufacturer based in Saint-Etienne, south of Lyon in eastern France, is threatening to blow up into yet another of the political causes celebres which periodically dominate the French industrial scene. InFT - 619 words
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589 1977-09-14 5 FT DUBLIN, Tues. In terms of performance, the Irish stock exchange has been forging ahead at an even smarter rate than that in London during the present bull market. With buying now getting stronger by the day, the pick-up in Irish share values is becomingFT - 589 words
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Article85 1977-09-14 5 Reuter LONDON. Tues. British Leyland Is assessing the possibilities of recalling 17,500 lald-off workers following the end of the strike at electrical components manufacturer, Lucas Industries, a Leyland spokesman said. Parts shortages caused by the Lucas dispute which was resolved last Saturday, resulted in Leyland halting outputReuter - 85 words
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926 1977-09-14 5 LONDON: One of the more illuminating if by now somewhat hackneyed definitions of marketing is that it is one of the most exciting things you can do with your clothes on. In turn, one of the more tantalising areas within marketing is the926 words
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Article437 1977-09-14 5 ASIAN COMPANIES FT TOKYO, Tues. The low equity yield that has traditionally been a feature of the Tokyo stock market looks like slipping to even more modest levels as more and more Japanese companies adopt increasingly cautious dividend policies. Nippon Steel, the largest of theFT - 437 words
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168 1977-09-14 5 Reuter TAIPEI, Tues. Taiwan will seek over US$426 million in loans and guarantees from the US Export-Import Bank. Finance Minister Walter Fel said. He told reporters the Finance Ministry tentatively discussed the loan projects with John Moore, chairman and president of the USReuter - 168 words
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103 1977-09-14 5 AFP HONGKONG, Tues.- Hongkong Properties and Investments said that shareholders have approved Its becoming a whollyowned subsidiary of Murjani Industries. This was expected to become effective on Sept 27 whereupon existing HKPI share certificates would cease to be valid. Holders of the shares subject toAFP - 103 words
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Article107 1977-09-14 5 AFP MELBOURNE, Tues. The giant US minerals group Amax Inc Is expected to decide In the next three months whether to open a new nickel project la Western Australia. Amax Is making a feasibility study of nickel deposits In the Forrestanla region, about 250 km southwest ofAFP - 107 words
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Article83 1977-09-14 5 Reuter TOKYO. Tues. Nippon Steel, Japan's largest steel firm, said It plans to switch Its trade finance for coal imports away from dollars to yen because of the widening gap between interest rates In Japan and those overseas. The firm has started negotiations with Japanese banks on reducingReuter - 83 words
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574 1977-09-14 5 NORTH AMERICAN COMPANIES NYT A STATE district court Jury ordered the Southwestern Bell Telephone yesterday to pay a total of US$3 million to a former executive of the company and the family of another executive who committed suicide. James Ashley, the former executive. hadNYT - 574 words
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Article112 1977-09-14 5 Reuter CORPORATE profits after tax probably will increase 12 per cent this year with a similar gain possible In 1978. Continental Illinois National Bank and Trust said In its weekly newsletter. Realised earnings, excluding profits from the effects of Inflation, are expected to showReuter - 112 words
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Article20 1977-09-14 5 Reuter KREDIETBANK NV of Antwerp said it will officially open a full branch office in New York in October.Reuter - 20 words
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514 1977-09-14 5 NYT "WHEN I started In this business 10 years ago, the books on management I read advised that I could become chairman of a company If I stuck to It," said Roger Kenny. "This Is false. It's a timeworn adage." Mr. Kenny, senior vicepresidentNYT - 514 words
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Page 5 Advertisements
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Advertisement236 1977-09-14 5 l*- L 4 «6AV r.'int. Tl fe'. il U 1 I s« i£\ JIJ iZ aO Mr m, r*-'> .p>x. w c.-.v*- j I*"N > 3* LJ»I >** A X' TP r INi 2S?" liUta MM UK nn •>•' ■id «jn -.Mgi'J I'.HSIZZZ- *u ii iir-5»~ '.JJ. > I v236 words
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Article2361 1977-09-14 6 Gr'» Gr's Net 1977 Last div Div y'W P/E Vol Day High Low Company Sale +«r- c'vr COOO) High Low SECTION ONE INDUSTRIALS 154 136 Acma 140 -1 12. ON 1.8 8.5 6.5 3 140 138 204 172 Alcom 172 10.0 0.5 5.8 27.7 116 58 Allied Choc2,361 words
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Article1411 1977-09-14 6 BID and offer price* officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in lots of 1.000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "Sett." Big Board1,411 words
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Article1669 1977-09-14 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS Aema (1.398 1.455) (1) 1.40, Aleom (1 86S). Al»k. Maid (01,669 words
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Article84 1977-09-14 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and ofTer prices and business done yesterday, with the number of options traded shown in brackets. C and C (Dec $1 90) (0 30B). DBS (March S3 60) (0 40S). (Dec84 words
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Article155 1977-09-14 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' pricea i far Sept 14) (Current p rice*) The Commerce.... INCOME BOND 1.07 1.13 1.73 1.83 The Saving Fund 1.03 109 MARA BUMIPUTRA FUND Spore Prog Fund 0 86 0.91 (Manager*' price* i for Sept 14) Spore Security First Bumlputra 2.23155 words
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Article178 1977-09-14 6 B O T 8 U7% 1981 (100.000) (103'«B 104S) B O T 7 5/8% 1984 (100.000) (99'«8 99*S) LTC B J 1982 (100,000) (98 7 45) Credit l.vonnai* Floating 1983 (100,000) (98 1 sB 98SS) DBS Convert* 6 1/2% 1991 (100,000) (97'jB 98 l «S) D B S178 words
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Article55 1977-09-14 6 Rep Spore D Mark 7% 1982 (100.000) (10!B I01»«S) Rep Spore 6 1/2% 1983 (100,000) (99 7 »B 100SS) Rep Spore 7 3/4% 1987 (100.000) (100 SB 101'.S) 5 1/4% 15/7/78 (250,000) (101.05B) 4 3/4% 1/5/79 (250,000) /1 nn qoq 6 1/21 15/8/78 (400.000) (102-21B) Ih'Sß,"'"" (250 00055 words
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Page 6 Advertisements
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Advertisement176 1977-09-14 6 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who176 words
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Article, Illustration538 1977-09-14 7 SENTIMENT was generally depressed in quiet and cautious trading on the Stock Exchange of Singapore yesterday. Recent high-flyers were subjected to yet another round of selling on proflttaking and stale bull liquidation accounts. The market continued to be devoid of institutional support and operators appeared to be separating538 words
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Article474 1977-09-14 7 GENERALLY easier conditions persisted on the Kuala Lumpur Stock Exchange yesterday as prices continued to trend lower in another session of low volume trading. Traders remained noncommittal and reserved in the absence of fresh speculative interest and trading continued light and selective. A pre-hollday mood seemed to474 words
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INTERNATIONAL STOCK MARKETS
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Article357 1977-09-14 7 HONOKONO: The market closed slightly easier in fairly quiet trading on Tuesday, dealers said. The Hang Seng Index dropped 1.24 points to close at 427 75. Hongkong Bank and Jardine Matheion fell 10 each to HKSI7.OO and $14.80 respectively. Hutchison and Wheelock Marden fell 2.50 cents each to $3.30357 words
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Article535 1977-09-14 7 TOKYO: Share prices on Tuesday. closed slightly lower on limited liquidations with Investors generally reserved In the absence of market factors and following the further fall on Wall Street, dealers said. The Dow Jones average fell 1.23 to close at 5,201.93 with volume 230 million shares. The New Index535 words
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Article408 1977-09-14 7 SYDNEY The market was mixed In quiet trading on Tuesday, dealers said The Sydney All-Ordinaries dropped 0 28jiolnts to close at 442 15 The w«l«. ANZ and CBA firmed slightly while the CBC, CSR and Pioneer Sugar eased International was unchanged on turnover of 310,000 shares while Hantoa eased408 words
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Article108 1977-09-14 7 SEPT 11 Pesos Acoje Mining Atlas Con A 16.90 -0.8 Atlas Con. B. 17.10 -0 9 Bagulo Gold 009« +0 0002 Benguet Con. B BF Goodrich 13 00 -0 1 CDCP IncoB Le panto B 1225 -0 005 Marlnduque B 6 00 Meraico 3 10 -0.1 Oriental A 032108 words
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Article99 1977-09-14 7 SEPT 13 BahU Asia Fibre 184 -1 Bangkok Bank 377 unch Bangkok Invest. 242 Bangkok-Metro-politan Bank BaU 675 ♦5 BerllJucker 434 22 Charoong Thai ♦57 Wire 230 Dumex Duslt Than! Faber Merlin First Trust 182S unch Oenera Finance Indo-Thai Industrial Finance Corp 1285 J And J Ho 270 Jalaprathan99 words
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Article327 1977-09-14 7 AMSTERDAM: The market on Monday was easier on balance with losses by Hoogovens, down 0.90 guilders, and Unilever, down 0.30. while Akzo, Philip* and Royal Dutch firmed slightly In Dutch internationals, dealers said. Elsewhere, most trading and Industrial stocks were lower. However, Ahold rose 0.30 and Ogem 0 20327 words
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Article148 1977-09-14 7 BRUSSELS: Belgian share prices on Monday closed mixed to higher to quiet trading, bourse sources said. Electrobel. Electrafina, FN, Andre Dumont and Cockerill all. rose, but Hoboken and Cobepa fell. In foreign stocks. UK were slightly lower. German. US and French all down, and Dutch and Canadian Irregular. Gold148 words
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Article318 1977-09-14 7 FRANKFURT: Shares closed mixed in fairly quiet trading on Monday, after an early lack of demand, bourse sources said. VW ro 250 and BMW 1.50 marks, while in chemicals. Baaf gained 1.20 and Hoechit one mark In stores, Karstadt was up one mark and Kaufhof rose two. However, in318 words
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Article146 1977-09-14 7 MILAN: The market closed easier on Monday after a mixed opening in quieter trading dealers said. Leading Industrials generally lost ground but both Pirelli's and Olivetti ordinary were well maintained. Asaicurazioni Generali in Insurances. and Mediobanca In banks, were firmer Financials were mixed Bonds fluctuated narrowly, in quiet trading146 words
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Article340 1977-09-14 7 PARIS: The market was mixed on Monday, with a slight predominance of gains, dealers said. Creuiot-Loire moved ahead. Banks were irregular, foods firm, chemicals easy and engineerings relatively strong. Foreign stocks showed no clear trend, although Germans were firm overall and golds were a strong point. SEPT 12 Frs340 words
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Article406 1977-09-14 7 JOHANNESBURG: Gold shares on Monday were steady at the day's upper levels on higher bullion Indications and overseas Interest, dealers said Heavyweight stocks gained up to 250 cents, while middle and lightweights firmed up to 35 cents. Mining flnanclals were quiet and little changed De Beer* shed six cents406 words
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Article326 1977-09-14 7 TORONTO: Share prices closed generally lower In moderate trading on Monday, although the market recouped some of Its mid-session losses. The composite index was off more than a point while the 14 sub-indices were in balance. Declines outnumbered advances 194 to 163. Brunswick Mining dropped Cl 5 cents to326 words
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Article70 1977-09-14 7 FINANCIAL TIMES INDUSTRIALS Monday 524 3 Friday 530.1 Week Ago 519 5 DOW JONES AVERAGE INDUSTRIALS Monday 854 38 £r ld ay 857.07 Week Ago closed LONDON DOLLAR PREMIUM Monday 89><. to 89H Friday 88'4 to 88*, H.K. HANG SENG Monday 428 99 Friday 429 95 Week Ago 43370 words
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Article1204 1977-09-14 7 NEW YORK: Investors liquidated more stocks on Monday. sending prices to their third straight decline In sluggish trading amid fears of higher short-term Interest rates. The concern began last Thursday when the Federal Reserve Bank of New York reported an unexpectedly large increase in the nation's money supply1,204 words
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Article96 1977-09-14 7 Reuter AKRON (Ohio), Tues. Goodyear Tire and Rubber said it introduced a new allseason radial car tyre that will eliminate the need for many motorists to buy snow tyres. Goodyear said the tyre called Tiempo, gets its winter traction from shoulder elements that extend 1.5 cmReuter - 96 words
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Page 7 Advertisements
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Advertisement510 1977-09-14 7 BUSINESS TIMES Airline Directory Atroftef Soviet Airlines 110-112 Show Centre, Orchard Rood, Singapore 9 (Tel: 377.111) Air Ceylon 302-1, 3rd Floor, Marina House Shenton Way, Singapore (1) (Tel: *****88) Ground. Floor, ICt Building, Singapore 1 (Tel: *****11) Air India 16th Floor, UIC Building, (Tel: 2205.277) Shenton Way, Singapore 1 Air510 words
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COMMODITY REPORTS AND PRICES
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Article497 1977-09-14 8 ON THE Singapore rubber market yesterday, opening quotations were marked up fractionally and thereafter advanced further on fresh trade buying and shortcovering following reports of East European, including Soviet Union, buying in London, dealers said. October rose to a high of 216.00 cents traded, at497 words
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Article361 1977-09-14 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. 214 00 215.00N 215.75 216.75N Int 1 R S.S October 215 25 215.75 217.00 217.50 Int 1 R S.S November 217 00 217 50361 words
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Article110 1977-09-14 8 NOON SSR and SMR prices yesterday: October No* ember R.A.S. (Current Mth) (For* ard Mth) Buyer* Seller* Buyer* Seller* (cent* per kg) (cent* per k() SSR 20 (1-ton pallet) 207 00 209.00N 208 00 210 ON SSR 50 (1-ton pallet) 205 00 207.00N 206 00 208.00N MREI.B110 words
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Article30 1977-09-14 8 Rubber: Sept 13 Singapore: October 217.00 cents (up 4.00 cent*). Malaysia: October 217.25 cents (up 3.25 cents) Tin: $1,603 (down $33) Official offering: 280 tonnes (up 94 tonnes)30 words
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Article210 1977-09-14 8 BANGKOK, Tues. Indicative prices quoted here today were unchanged from yesterday: (US dollars per tonne fob basis Bangkok) While Rice: 100 pet Ist class 308. 100 pet 2nd 292. 100 pet 3rd 268. 5 pet 277. 10 pet 255. 15 pet 252. 20 pet 249, 25 pet 240. 35210 words
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Article467 1977-09-14 8 THE SINGAPORE produce market continued to rule dull with prices holding barely steady. By and large, dealers here have of late been operating practically in isolation of the overseas markets. This explains why the big Western buyers have not been looking into the local market for coffee, pepper,467 words
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Article262 1977-09-14 8 LONDON, Tues. Coffee futures opened £70 to £10 per tonne higher ona turnover of 417 lots. Trade sources said the main bullish Influence was the statement by Brazilian Coffee Institute president Camlllo Calazans that the Brazilian state trading company, Interbras, is buying 330,000 bags of robustas for Internal consumption262 words
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Article56 1977-09-14 8 C.I.F. Rotterdam. US dollars per ton. LONDON. Monday Previous Malaysia 5% ffa bulk Nov 428 sir 438 Sir Sumatra 5% ffa Sept 525 pd 525 pd Oct 430 sir 480 pd Nov 430 sir 437.50 pd December 420 sir 430 pd January 427.50 sir 427 50 pd ROTTERDAM:56 words
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Article275 1977-09-14 8 LONDON, Tues. Terminal sugar gained £2.95 (August at £130.75) to £1.95 at the opening call and hardened further In light open trading. Dealers said the upturn extended from last night's steadier kerb levels could be attributed to a technical reaction after the market's recent decline. The said sentiment appeared275 words
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Article259 1977-09-14 8 THE STRAITS tin price In Penang yesterday was down Ms 33 to $1,603 per plcul on an official offering up 94 tonnes to 280 tonnes. Sentiment weakened mainly due to the very high volume delivered by miners for clearance before the Harl Raya holidays. Lack of consumers demand259 words
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Article298 1977-09-14 8 LONDON, Tues. Terminal cocoa was steadier against New York at the end of the opening call by £5 (spot Sptember at £2,822.50) to £25 per tonne, having previously gained up to £31.50. Dealers said sentiment appears to be moving more on the bull track with tightness of nearby supplies298 words
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Article119 1977-09-14 8 HONGKONG, Tues. The cotton futures market closed mixed In active trading, after a slightly steadier opening, dealers said. Trade house selling was noted throughout the session despite the slightly bullish USDA cotton production estimate, but commission houses' scale-down shortcoverlng towards the close restricted losses, they said. October and119 words
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Article202 1977-09-14 8 YARN and cotton spot exgodown prices in HK dollars Cattaa Yarn: China Blue Phoenix 20'S 1 900 32' l 2.000. 40 s 2.090. (per bale of 400 lbs). Piece Goods: China Butterfly and Qlobe Brand unq. Dragon Head una. Five Lambs unq. Flower and Butterfly unq. Flying Geese202 words
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Article141 1977-09-14 8 CHICAGO, Tues. Soybean futures yesterday closed around the day's highs, posting gains of 7-1/4 to 2-3/4 cents a bushel. After Initial easiness In response to the larger than expected Conrad Leslie crop estimate, prices recovered on shortcoverlng when the November held above USSS.OO a bushel and product futures found141 words
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Article67 1977-09-14 8 CHICAGO, Tues. Wheat futures yesterday posted ■aimof 3 1/2t04 1/4 cents a bushel at the ck»e, coming back from early losses. The weakness of corn and soybean futures prompted early selling which took prices lower. Shortcoverlng sent the market back upward when large amounts of exporter buying appeared and67 words
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Article361 1977-09-14 8 LONDON, Tues. Copper wlrebars declined £3.50 for cash and £5.50 for Threemonths. Dealers said the market was very quiet with prices drifting lower under scattered liquidation prompted by the Jewish new year holiday and subsequent poor physical demand. Three-months traded from £695 on the early premarket down to £690361 words
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Article194 1977-09-14 8 LONDON. Tues. Silver fell 2.6 to 3.3 pence per troy ounce. The market was featureless with slight selling pressure induced by lower gold and easier base metal prices, dealers said. Three Months traded down to 259.0 pence and briefly dipped to 258.8 pence on the kerb. Sales were only194 words
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Article68 1977-09-14 8 LONDON, Tues. Zinc fell £4 for cash and £5 for Three Months this morning. The metal reflected the softer undertone in base metals with small hedge selling pushing Threemonths down to £298 per tonne on sales of 2,609 tonnes which were boosted by carries. On Monday, zinc rose by68 words
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Article363 1977-09-14 8 ON THE Singapore market yesterday, the kllobar opened at 5511.712 and closed at SSI 1,722 in quiet trading conditions. The London market opened at U*****.95/ 148.10 and closed at U*****.95/ 148.15. The London morning fix was U*****.80, down 50 cents from the previous fix. Source: Singmat Retail prices per363 words
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Article95 1977-09-14 8 LONDON, Tues. Lead declined this morning by £3.75 for cash and £4 for Three Months Values edged lower under sporadic liquidation prompted by the general trend in other metals and absence of fresh physical demand, dealers said. Three Months traded down to 1327.50 in the ring and to 132795 words
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MONEY AND EXCHANGES
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Article491 1977-09-14 8 THE US dollar firmed slightly against most major currencies In a day of trading characterised by most dealers as being quiet. The market comment was that the US dollar seems to be on Its way up following the hardening of US Interest rates. The Deutschemark opened at DM2.3270/80 against491 words
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Article44 1977-09-14 8 acbc S l 4 6 l Citibank fi>. Bangkok Bank 7 HSBC S v Bank of America (<-. Indosuez «>. 7 c>. l 4 Mitaui Rank Bank Negara OCBC Indonesia 7 OUB 6'. S 1 UCB 7 6'< L'MBC 7 DBS 1 OB44 words
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Article181 1977-09-14 8 Asian rate? ASIAN currency deposit Interbank rates as at close on Sept 13: US Dollars (Spoil 7 days 1 mth 2 mth 3 mths 6 mths 9 mths 12 mths 6 1/2 8 3/8 6 7/16 6 3/16 6 9/16 6 7/16 6 5/8 6 1/2 6 7/6 6 3/4181 words
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Article179 1977-09-14 8 Euro rates LONDON, Tues. Eurodollar deposit rates opened little changed In fairly quiet early trading, dealers said. Shortdates opened unchanged and held steady In early dealings with a slightly firmer undertone reported by dealers. Overnight and tomorrow next were a shade harder on the bid side following the higher yields179 words
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Article127 1977-09-14 8 NEW YORK. Tues. The dollar yesterday ended the day little changed in generally quiet trading as Federal Reserve action to inject temporary reserves into the banking system took some of the early strength out of trading, dealers said. According to dealers, the market opened on a firmer note127 words
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Article174 1977-09-14 8 LONDON, Tues. Sterling was in demand again in opening trading, buoyed by news yesterday of a slowdown in UK inflation as measured by the wholesale price index, dealers said. Spot advanced to U551.7435/ 37 and all positions forward to six months were showing premiums against the US unit. The174 words
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Article119 1977-09-14 8 TOKYO, Tues. The US dollar for overnight delivery closed higher at 266.95 yen, after opening at 266.55 compared with 266.75 at yesterday's close. The US unit fell initially, following the yen's overnight strength abroad, but later rallied to 267,05 at one point on Import covering by banks anticipating that119 words
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Article123 1977-09-14 8 HONGKONG, Tues. The US dollar rose to a late DM2.3290/95 in active trading, after opening around the New York close at 2.3265/70, dealers said. The US unit also firmed to HK52.6570/80 from yesterday's 4.6540/50, and to 266.85/95 yen from 266.52/67 in New York, after rising to 267.05/15 earlier. Firmer123 words
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Article55 1977-09-14 8 ZURICH exchanges closing quotes on Sept 12: (JS 2 3872-3882 UK 4 1833-1650 Can 2 2235-2249 W Oerm 102 58-82 Neth 96 72-78 Prance 48 41-43 Belg 6 66-66-1/2 Denm 38 63-85 Norw 43.73-76 Swed 49 07-08 Italy 0 2702-2704 Austria 14 40-43 Port 5.87-90 Spain 2 82-83 Arg55 words
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Article59 1977-09-14 8 AUSTRALIA/NZ exchanges on Sept 13: Australia: Sterling 0 6365 0 6296 US dollar 1.1000/ 1 1012 Ninety-day air mall buying rates Sterling 0 6521 US dollar 1.1310 Ninety-day forward buying rates Sterling 0.6299 US dollar 1 0946 New Zealand Sterling 0 5565/ 0 5534 US dollar 0 9748/ 0.964859 words
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Article42 1977-09-14 8 FRANKFURT exchanges -opening quotes on Sept 13: US 2 3275/85 Can 2 160/80 UK 4 .OSS/046 Neth 94 40'50 BWitt 97 45/55 Italy 2 631/641 Prance 47 13/23 Norw 42 58/66 Belg com 6 48/49 Belg fin 6.47/48 Japan 0 8720/3042 words
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Article332 1977-09-14 8 LONDON, Tues. The US dollar sector of the Eurobond market dropped up to point in places against a background of uncertainty about US short-term interest rates and the silent weakness of the dollar on exchanges, dealers said. Straights Bid Offer Austria 8*. 90 102 102*. Bell Canada 8S 86332 words
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Page 8 Advertisements
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Advertisement166 1977-09-14 8 MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASIA RESEARCH BULLETIN t This unique publication offers businessmen each month a comprehensive guide to the latest developments that hove taken ploce in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is166 words
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564 1977-09-14 9 FT LONDON, Tues. Two Japanese cars, the Datsun Sunny and Cherry models, climbed into the list of top 10 sellers in Britain last month to underline the challenge Importers are now posing to the domestic industry. In the month when foreign cars brokeFT - 564 words
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Article124 1977-09-14 9 Sudden strike at RollsRoyce AFP LONDON, Tues. The two Rolls-Royce car plants at Willesden, northwest of London, stopped production yesterday because of an unexpected strike by 650 body workers whose wage demands were rejected by the management, It was announced here. One hundred other workers will probably also have toAFP - 124 words
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Article123 1977-09-14 9 HachetteSoviet agreement AFP PARIS, Tues. The French Hachette publishing group and the Soviet foreign trade agency Llcenslntorg have signed an agreement for cooperation and technical assistance, the French group announced here yesterday. The announcement said the agreement would run for several years and "in particular provides for technical assistance andAFP - 123 words
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Article60 1977-09-14 9 Reutei KAOHSIUNG, Tues. Authorities In this southern Taiwanese port have handled 61 cases so far this year of pollution by ships, a sharp Increase on the 22 violations In the same period of 1976, the central news agency reported. Violators face fines of up to NTS3O.OOOReutei - 60 words
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Article746 1977-09-14 9 THE market can be described ks calm with no outstanding features arising during the week. Owners remained reluctant to accept low rates with few new enquiries. The Philippines signed the "Atlantic Hope" to carry 25,000 tons of wheat from US Pacific coast to one port Philippines at746 words
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Article65 1977-09-14 9 AFP LONDON, Tues. The shipping conferences serving Bombay have decided to put a 15 per cent surtax on their freight rates for shipments to the Indian port as of Sept. 26, the conferences announced In a Joint communique yesterday. The announcement said the surtax was necessary becauseAFP - 65 words
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179 1977-09-14 9 Reuter HAMBURG. Toes. Wset German shipbuilders said hers yesterday they only have enough orders to keep their yards working at half capacity next year. The Shipbuilding Association said its order backlog totalled 1.5 million gross tons, worth 6 billion marks (556.3 billion)Reuter - 179 words
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Article111 1977-09-14 9 Reuter FRANKFURT, Tues. Mr. M. Ouln, general secretary of the Renault Motor Company, said here yesterday that every car manufacturer could probably count on governmental support if It got into difficulties. Mr. Ouln was addressing a symposium on "The role of the state In theReuter - 111 words
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Article86 1977-09-14 9 AFP NEW DELHI, Tues. India has bagged two big export orders, from the PhillpSlnes and.Nigeria, for suppj of passenger coaches and break vans respectively, an official release Issued here yesterday said. The state owned Integral Coach Factory would supply to the Philippines National Railway 30 coaches worthAFP - 86 words
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Article, Illustration319 1977-09-14 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aegis Practlc (SWQP) (1200 after Manoloeverett Scotland hauls) 35/36 Barguzln (0600 subject freeboard) 27/28 Dong Yun (after Satco) 40/41 Eriskay (after Victoria Peak) 42/43 Golden Sea (0600 subject freeboard) 23/24 Hagurosan Maru (JJFV) (after Illinois) 46 Hoegh Pride (2300 after Illinois) 47 Jade319 words
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345 1977-09-14 9 MERLION Shipping Agency may be the first local shipping agents to make a concerted move away from providing liner trade services to more specialised shipping services. "At least to my knowledge," Mr. David Bungard, general manager of Merlion told Business Times yesterday, "we are345 words
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165 1977-09-14 9 AFP NEW YORK, Tues. The respected trade weekly "Aviation Week" revealed that "foreign government officials" had advised Air France and Brltljh Airways to sue the Port Authority of New York and New Jersey for damages because of Its ban on Concorde landings InAFP - 165 words
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Article595 1977-09-14 9 ARRIVALS 1 Service Local Operator Number Time From TMA TL304B 0530 TPE MAS MH882 0810 KCH PAN PA847 0810 SFO/HNL/QUM CPA CX710 1000 HLP OIA GA980 1030 HLP THAI TG423 1035 BKK SLA SQ211 1045 HLP THAI TG981 1050 BKK OIA GA944 1055 PKU OIA GAMS 1100595 words
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Article163 1977-09-14 9 AP LONDON, Tues. Attention turned to the US Oulf grain origin yesterday as three vessels secured better rates for Japan-bound business. All three recorded considerably firmer payments that October tonnage commanded a slight premium over vessels with earlier laydays. Kanematsu conceded US$9.BO (FIO) to a Dallchl vesselAP - 163 words
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Advertisement43 1977-09-14 9 MERLION SHIPPING AGENCY PTE. LTD SPECIALISED SHIPPING SERVICES WORLD WIDE REEFER CHARTERS HEAVY LIFT RO-RO VESSELS OFF SHORE SUPPLIES SERVICES CREW ROSTER AND MANAGEMENT LINER SHIPPING SERVICES FOR MORE DETAILS RING *****44 OR CALL AT: 1101-B MARINA HOUSE 70 SHENTON WAY SINGAPORE 243 words
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Advertisement398 1977-09-14 9 52 I I I n T A n ?7'H >'Hh 'Mo I'O/ S} \7oP THE GREAT BOOKS OF WESTERN CIVILIZATION 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 theories398 words
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Article, Illustration1649 1977-09-14 10 The Endau-Rompin controversy has demonstrated growing public awareness of the need for environmental conservation. It is significant that last week the National Forest Council adopted a national forest policy to ensure the continued viability of Malaysia's timber industry. KUALA LUMPUR: The adoption of a1,649 words
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790 1977-09-14 10 JOHN BUSH - By JOHN BUSH Reuter EL JEM, (Tunisia: A Roman amphitheatre built here over 1,600 years ago will soon contribute again to the economic and social life of this town 206 km south of Tunis. That Is the aim of a project toReuter - 790 words
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Article97 1977-09-14 10 Kok Bee Chye - Letter to the editor Kok Bee Chye secretary, Overseas Assurance Corp. Ltd. I REFER to your article entitled "Uneven spread at baihnw among ineurare" appearing in Business Times (Sept 7) and would like to point out to you that the Insurance Com* misekmer's Report for the year ended97 words
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Article, Illustration565 1977-09-14 10 ALAN DAWSON - By ALAN DAWSON UPI RATNAPURA. (Sri Lanka): Zarook thinks that a long time ago, the gods made a rainstorm of gemstones and he Is picking up the harvest. He could not tell you thf difference between a gemologlst and a geophyslclst and whenUPI - 565 words
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1008 1977-09-14 10 RAMI KHOURI - The oil boom hat created so many new jobs in the Arab countries that it hat opened an unexpected opportunity for Arab women. They are moving up the ladder to fill the job* vacated by their menfolk. Jordan* in particular, is taking theFT - 1,008 words
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Page 10 Advertisements
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Advertisement55 1977-09-14 10 NOW ON SALE at your reguUir bookshop. The phenomenal bestseller which has taiten America by storm the story of a black American's search! for his roots in Africa. ROOTS has sold over 1'« million har<pback copies since Its publication and it is continuing to top the bfestsaller lists even now55 words
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656 1977-09-14 11 Reuter AFP HONGKONG, Thurs. Hongkong, which boasts one of the most solid economies in Asia, will chalk up an eight per cent growth rate this year, according to its Financial Secretary But 1977 is no export suc-i cess story for this bastion ofReuter; AFP - 656 words
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Article141 1977-09-14 11 Reuter WELLINGTON, Tues. New Zealand, one of the world's major lamb exporters, could be exporting fish worth between US$2OO million and $300 million (SS49O million and $730 million) a year in the next five to eight years, a fishing expert said In a publishedReuter - 141 words
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Article121 1977-09-14 11 Reuter MANILA, Tues. Five Asian countries are to send agricultural experts to study the Philippine "maswrana" (bountiful) 99 rice growing system whicn has made the country selfsufficient In rice for the past three years, according to National Grains Authority administration Jesus Tanchanco. Malaysia. Thailand, Bangladesh.Reuter - 121 words
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Article59 1977-09-14 11 AFP HONGKONG, Tues. A London-based merchant bank with Spanish interests has set up an Asian regional representative office here. It Is the Banco Urquijo Hlspano Americano Ltd which Is Jointly owned by Banco Urquijo SA, and Banco Hlspano Americano, a commercial bank In Spain. Its HongkongAFP - 59 words
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199 1977-09-14 11 Reuter TOKYO, Tues. The Japanese Government said today it was considering proposals to sell goods to Vietnam on a "pay later" basis and to give free aid to help Hanoi rebuild its devastated economy. The International Trade and Industry Ministry said the proposalsReuter - 199 words
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Article180 1977-09-14 11 AFP BANGKOK, Tues. The 81 000 million baht (Ss9.B billion) national budget bill will go before the National Administrative Reform Assembly (Nara) for a second reading this Friday, a Parliament House spokesman announced today. The bill passed its first reading last July 22 and, duringAFP - 180 words
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Article123 1977-09-14 11 Reuter TOKYO, Tues. Japan will host a seminar next month for representatives from (Asean) to help develop iron casting industry in each of the member nation, the semiofficial Japan External Trade Organisation (Jetro) said today. Ten government officials and business leaders from Asean as well asReuter - 123 words
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Article, Illustration280 1977-09-14 11 MR. Robert Dhom, (above) president and chief executive of Commerzbank of West Germany, will visit Singapore from Thursday to Saturday. Mr. Dhom, who will be accompanied by Dr. Peter Deuss, a member of Commerzbank's board of managing directors, is expected to have talks with the280 words
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Article92 1977-09-14 11 Reuter JAKARTA, Tues. Indonesia's foreign exchange reserves for the 1977-78 fiscal year were expected to reach US$2.7 billion (5*6.6 billion), an Increase of $200 million over the 1978-77 period. Central Bank governor Rachmat Saleh said todav. t "With the Increase we have now sufficient capital ofReuter - 92 words
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Article252 1977-09-14 11 AFP HONGKONG, Toes. Hongkong's weak performance in exports »o far this year appears to be caused by high stock levels, particularly for clothing, being run down in its principal markets. This possibility is borne out by the fact that consumer demand in these markets hasAFP - 252 words
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Article111 1977-09-14 11 AFP WUPPERTAL (West Germany), Tues. The president of the West Germany Textile Industry Association, Hans Verner Staratzke. said yesterday that the world textile agreement Is "an indispensable Instrument in balancing the interests of industrialised nations and Third World countries." Mr Staratzke also said he favouredAFP - 111 words
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Article54 1977-09-14 11 Reuter HONGKONG, Tues. Hongkong earned HK52.698 million (551.42 million) from income and profits tax this financial year, up 20.8 per cent from the previous year. A tax official, giving the figures today, said 72 per cent of the tax-ipayers fell within the income range of $1,000Reuter - 54 words
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Article72 1977-09-14 11 AFP TOKYO, Tues. The governmental Power Reactor and Nuclear Fuel Development Corporation today announced It will start trial operations of the controversial Tokal-Mura nuclear reprocessing plant on Sept. 22. The announcement came after Japan and the United States today signed in Washington an agreement under whichAFP - 72 words
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263 1977-09-14 11 WELLA Cosmetics, the West German cosmetics manufacturer, will officially open its new $2 million second plant in Singapore next week. Mr. Peter Seroka, Its managing director, said that demand for its products has Jumped 120 per cent since it set up shop263 words
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244 1977-09-14 11 RENOVATION work for all future housing projects by the Housing and Urban Development Company (HUDC) must be undertaken by the main building contractors. To prevent overcharging, the HUDC has worked out a formula for the computation of charges which will be material cost244 words
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Article214 1977-09-14 11 WELLS Fargo Bank's regional branch office opens for business today, upgraded after five years here from a representative office. The new branch, operalng with an offshore banking licence, will now engage In foreign exchange trading, corporate and governmental finance and loan syndications. The branch office will214 words
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Article268 1977-09-14 11 THE Singapore Chamber of Commerce Rubber Association (SCCRA) have under consideration a number of civic projects to provide educational and charitable support for employees of member firms and their children. A speech by Mr R.W. Lutton, chairman of the SCCRA, contained In the 1978 report of268 words
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Article282 1977-09-14 11 AFP KUALA LUMPUR, Tues. The visiting trade mission from the Philippines today held discussion with Malaysian businessmen on promoting closer trade relations between the two countries within the framework of Asean. The 12-member Filipino team had talks with representatives of the Federation of Malaysian Manufacturers (FMM),AFP - 282 words
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555 1977-09-14 11 AFP CANBERRA, Tues. More younger people and migrants are swelling the jobless ranks In Australia. The current Jobless figure Is 5.4 per cent of the estimated workforce of 6.2 million. Official statistics from the Department of Social Security and the Bureau of Statistics showAFP - 555 words
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165 1977-09-14 11 AFP KUALA LUMPUR. Tues. Visiting Kuwaiti Oil Minister Abdel Muttaleb Al Kazeml today began discussions with officials of the state-owned oil corporation, Petronas, on a US$l billion (552.44 billion) oil refinery to be set up as a Joint venture on the Indonesian Island ofAFP - 165 words
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Article122 1977-09-14 11 Reuter SYDNEY, Tues. The Australian Council of Trade Unions (ACTU) todayadopted a Working Women's Charter In an effort to give women greater equality In Industry and more power In union affairs. The charter, approved by the biennial ACTU congress in Sydney, called for women toReuter - 122 words
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Article203 1977-09-14 11 THE Canadian Transport Secretary. Mr. Otto Lang, will meet Minister of State for Communications, Mr. Ong Teng Cheong, on Sept 22, when he will be In Singapore as part of an official Far East tour. He will fly in from Melbourne on Sept 21 and will203 words
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Article94 1977-09-14 11 Reuter JAKARTA, Tues. Justice Minister Mochtar Kusumaatmadja will be Indonesia's Acting Foreign Minister when Mr. Adam Malik resigns from his post at the end of this month, official sources said today. The sources said the post of Foreign Minister would be held in turn_ by Mr. Mochtar anaReuter - 94 words
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Page 11 Advertisements
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Advertisement128 1977-09-14 11 NOTICE Large American Commodity and Fertilizer Trading House with offices throughout South East Asia and the world has a vacancy for a for their Singapore office. THE JOB/REQUIREMENTS Minimum three years experience in trading in any or preferably several of the below listed product groups Agricultural Commodities Industrial Raw Materials128 words
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312 1977-09-14 12 AP BANGKOK, Tues. Japanese Investors here are waiting for a reply from their government before QUJldlng a pipeline in Southern Thailand aimed at reducing the transportation cost of crude oil Imported from West Asian countries to Japan, a Marubeni spokesman said SOday. HeAP - 312 words
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Article57 1977-09-14 12 SINGAPORE Airlines' first .Boeing advanced 727-200 "Aircraft will arrive at Paya Lebar airport tomorrow. By then Its delivery flight would have covered 9,083 nautical miles from Seattle, via San Jose, Honolulu. MaJuro, Guam and Manila. On board will be 74 passengers. They are Journalists and travel agents57 words
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Article719 1977-09-14 12 LONDON, Tues. Stock prices advanced on the strength of sterling and speculation of further reductions In the UK mlnlflium lending rate, dealers said. Short dated government stocks was pared by around 1/8 In late trading and closed up to X 8 higher on balance while longs gained up719 words
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767 1977-09-14 12 Reuter AFP TOKYO, Tues. Deputy Foreign Minister Bunroku Yoshlno said today that a US request for Japan to move Its current account from surplus to deficit was theoretically desirable but probably impossible to achieve in the near future. Mr. Yoshlno was speaking afterReuter; AFP - 767 words
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398 1977-09-14 12 UPI CANBERRA, Tues. Minister for Overseas Trade Douglas Anthony said in Parliament today that the refusal of Japanese sugar refiners to take delivery of contracted sugar "continues to be a very difficult matter." The Japanese refiners contracted In 1975 to buy 000,000UPI - 398 words
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Article294 1977-09-14 12 Reuter TOKYO, Tues. Japanese bankers expect the yen to remain strong against the dollar and the country's current account surplus to be greater than officially forecast, despite the government's two trillion yen (5J18.3 billion) reflation package. "Too little and too late", was how Mr. KoelReuter - 294 words
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Article184 1977-09-14 12 AFT KUALA BRANQ, Tues. The Trengganu government is trying to salvage about 28,000 hectares of timber In Ulu Trengganu district which wlii ae affected by a hydro-electric dam project, State Executive Councillor Encik Ahmad Sldi Hajl Ismail said today. The area, about 150 metresAFT - 184 words
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Article166 1977-09-14 12 SINGAPORE timber exporters to West Asia have been faced with additional costs In cargo shipments following the bankruptcy of a Japanese shipping firm, Crown Lines. The Japanese firm, one of the fastest to expand, filed papers for bankruptcy proceedings In a Japanese court recently. This166 words
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547 1977-09-14 12 KUALA LUMPUR, Tues. Finance Minister Tengku Razalelgh Hamzah hinted today that new forms ot taxation may be Introduced In the Budget for next year. He also indicated that tax reliefs would be granted to various sectors. The minister gave the hints after a547 words
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445 1977-09-14 12 SECURITY analyst* James Cowan and Associates (JCA) says the stock market is now in an over-sold position and recommends that this is the time to enter the market as buyers. In the latest issue of its weekly newsletter, Forecast, JCA says445 words
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Article45 1977-09-14 12 AFP HONGKONG, Tues. More than 30 members of the Hongkong General Chamber of Commerce will take part In a trade fair In Berlin next week. They will display clothing, electronics, and plastic, Jewellery and Ivory products, chamber sources said today. AFP.AFP - 45 words
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304 1977-09-14 12 MONTREAL, Tues. Malaysian Communications Minister Tan Sri V. Manlckavasagam told the International Civil Aviation Organisation (ICAO) assembly today of the difficulties faced by airlines of developing countries when seeking operations into developed countries. Motivated by the protectionist sentiments of developed countries, he said,304 words
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360 1977-09-14 12 AFP PARIS, Tues. The stagnant world economy and how to try to get It moving again will be one of the chief subjects on the agenda when French Premier Raymond Barre meets with US President Jimmy Carter and top American officials In Washington this week.AFP - 360 words
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Article139 1977-09-14 12 Reuters MANILA, Tues. The Asian Development Bank has accepted Hongkong's offer to contribute US$lOO,OOO (8*247,700) to its Technical Assistance Special Fund (TASF), the bank said today. Hongkong is the 22nd member country to contribute to the TASF, which provides funds for financing expert services WhileReuters - 139 words
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Article133 1977-09-14 12 UPI NEW YORK, Tues. While the US businessman stationed abroad seems honest and open, he also leaves the Impression he Is arrogant, according to a study released yesterday by the Conference Board. The study by the business research group was based on Interviews with more than 400UPI - 133 words
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Article157 1977-09-14 12 AFP NEW DELHI, Tues. The state-owned Reserve Bank of India (RBI) has reportedly served an ultimatum on nearly 100 multi-national companies operating In India to conform to the Foreign Exchange Regulation Act (FERA) or face drastic reprisals. The Economic Times said today the companies were given twoAFP - 157 words
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