The Business Times, 17 September 1977
1977-09-17
1
12
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section9 1977-09-17 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, SEPTEMBER 17, 1977 50CENTS9 words
-
NEWS IN BRIEF
-
Article26 1977-09-17 1 SHARE prices fell sharply on profit-taking today on the London Stock Exchange. At 3pm 11.2 points were lapped off the Financial Times index.26 words
-
Article69 1977-09-17 1 Reuter WASHINGTON, Fri. The Carter Administration plans to increase defence spending by three per cent a year to offset growing Soviet power, according to Defence Secretary Harold Brown. "We should make no mistake about one fact: the Soviet Union is in the process of acquiring militaryReuter - 69 words
-
Article78 1977-09-17 1 AFP NEW YORK, Frl. The number of Americans who deliberately set fire to their property in order to collect cash from an insurance underwriter is on the increase, according to a report today by the Insurance Information Institute. Fire losses reached US$3lO million (***** million) in July, anAFP - 78 words
-
Article61 1977-09-17 1 Reuter BONN, Fri. India needs to create 100 million new jobs in the next 10 years to overcome poverty and unemployment, Indian Industry Minister Mr. Georg Fernandes said here. As help from the richer nations, his country needed mainly technology and capital aid to build up theReuter - 61 words
-
Article44 1977-09-17 1 Reuter HELSINKI, Fri. The Finnish government today proposed higher taxes on petrol, ciagrettes and liquor next year. Rail fares and postal charges will als~ —p in the 1978 national budget, introduced b: iveparty coalition government and assurec ife passage through Parliament. Reuter.Reuter - 44 words
-
Article82 1977-09-17 1 UPI TOKYO. Fri. Japan will import about three million tonnes of salt from Mexico over a threeyear period beginning this month through a joint venture, Nippon Yusen K.K. announced today. Officials of the Japanese shipping company said the joint venture. Bulk Carriers Transpacific Ltd., with headquarters inUPI - 82 words
-
Article105 1977-09-17 1 AP WASHINGTON, Fri. Insisting that "I have done more than stay narrowly within the law," Bert Lance, director of the Office of Management and Budget, testified today that his conduct both as a banker and as a budget director meets the high ethical standards set byAP - 105 words
-
Article68 1977-09-17 1 UPI NEW YORK, Fri. Despite a prime rate boost by Citibank, prices moved higher during the first hour of trading today on the New York Stock Exchange issues. Turnover was moderately active. The Dow Jones industrial average, up more than two points yesterday, was ahead 1.57 points toUPI - 68 words
-
-
Chief Price Changes
-
Article, Illustration188 1977-09-17 1 A STEADIER trend prevailed in thin trading on the Stock Exchange of Singapore yesterday. Blue chips and quality stocks displayed a mildly bullish trend while second and third liners appeared a little erratic on contra dealing. The Business Times index finished 4.12 points higher at 435.12 and188 words
-
-
Article1064 1977-09-17 1 QUEK PECK LIM - PROFIT OF $2.7 MILLION By QUEK PECK LIM HAW PAR Brothers International has returned to the growth path after two years of stumbling about in the red. However, according to its interim report yesterday it is still not out of the woods yet. In1,064 words
-
Article, Illustration714 1977-09-17 1 ECONOMIC integration among Asean member countries will not only spotlight Singapore's Importance In the region but will also lead to greater Investment interest In the region among West German industrialists, according to a leading German banker. Commenting on the slowdown of German investments in714 words
-
186 1977-09-17 1 Reuter LONDON, Fri. Britain's retail price Index for August, made public today, shoved the biggest fall In the country's Inflation rate for more than a year. The annual rate of Inflation up to last month was down to 16.5 per cent, compared with 17.0 perReuter - 186 words
-
Article120 1977-09-17 1 LONDON. FYI. The Bank of England today cut its minimum lending rate, key to the nation's Interest levels, by another halfpoint to six per cent. The cut was the second in two weeks and the l®th since the rate stood at a record 15 per cent120 words
-
259 1977-09-17 1 THE SINGAPORE public will soon be able to invest in another newspaper company when the public trustee completes the sale of 4.98 million $1 shares in Nanyani Press Singapore (1975), currently 99 per cent owned by Nanyang Press Singapore. Sources say that a preliminary259 words
-
425 1977-09-17 1 THE government has granted planning approval to new development projects worth a total of $850, million In the first half of this year, the National Development Ministry announced yesterday. It also reported that approvals In the second quarter totalled $491 million which425 words
-
Article120 1977-09-17 1 UPI COLOMBO, Frl. Prime Minister J.R. Jayewardene has asked Sri Lanka's bribery commission to Investigate corruption charges against Parliamentarians protected by the government of former Prime Minister Sirlmavo Bandaranalke, the Home Affairs Ministry announced Home Affairs Minister Montague Jayawlckrema told Sri Lanka's provincial administratorsUPI - 120 words
-
Page 1 Advertisements
-
Advertisement70 1977-09-17 1 ur U, i<u ut i Vftifiwfit /K I'lMl 1 CeylctiJeweUers 16 Stamford Ad.. tlnppn TX: *****0/32M07 SEE PAGE 3 iNSibt Market Reviews/TV ft Overseas Radio P2 Commodit Overseas News/Cross- Transpoi words Solutions p* municatio Local Co. News .p 4 Features International Co. News PS Local ft Local Stocks Overseas Stocks70 words
-
Advertisement98 1977-09-17 1 4 brßuh The new Micron foil geometry does not just give you a faster shave, it gives a closer shave as well because it has a perfect synchronization of blades against foil. And it has a narrower head that gives even closeness all over. Only Braun could have developed the98 words
-
Advertisement79 1977-09-17 1 I to Jakarta the Executive Way Pay normal airfare and enjoy free Ist Class accommodation, transfers plus American breakfast! mm tr m m 12 EXCITING HOLIDAYS There's a choice of SIA Holidays to suit your budge? and time Whichever SIA Holiday you choose m NEW ZEALAND 16 DAYS 12 89079 words
-
-
MARKET REVIEWS
-
596 1977-09-17 2 IVAN FALLON - LONDON By IVAN FALLON IT HAS been a historic week In the City of London. At lunch-time on Wednesday the Financial Times Index quietly slipped through Its old peak of 543.6 and moved Into new territory. There was a subdued cheer on the floor596 words
-
Article286 1977-09-17 2 IT HAS not all been good news however tome of the headline* told the same old dreary story. Although a savage 10-week strike at component makers Lucas was settled late on Saturday, it came too late to rescue poor old British Leyland, now 97286 words
-
241 1977-09-17 2 THE Earl of Inchcape was in good form on Thursday at the company's annual meeting as well he should be with a superb year to report on and what looks like another one coming up. He Is still scouting around for something to spend his241 words
-
237 1977-09-17 2 THINGS are not quite so happy either for another once-proud bastion of British enterprise Burmah Oil which also published its Interim profit figures on Thursday. The market had been hoping that the group would be able to move back above break-even despite tanker losses which237 words
-
Article563 1977-09-17 2 SYDNEY SHARE prices on the Sydney Stock Exchange picked up towards the end of the week after falls on Monday and Thursday, but only the special situation stocks, particularly the takeover targets, did well, dealers said. After months of speculation Marrlckvllle Holdings director announced563 words
-
Article748 1977-09-17 2 SINGAPORE SHARE prices finished generally mixed In very quiet and selective trading on the Stock Exchange of Singapore this week. The losses suffered In the first two trading days were offset towards the close. Turnover was considerably reduced and price movements with few exceptions were narrowed doan to748 words
-
430 1977-09-17 2 ARTHUR NG - my ARTHUR NG OTHERS Multl-Purpose Holdings has taken a 22.7 per cent stake or 3.43 million shares In housing development company, Bandar Raya Development. Larut Tin Fields has failed In Its attempts to have Its Buklt Besl Mines operating lease extended. Southern430 words
-
Article322 1977-09-17 2 THE 2V> days trading on the Kuala Lumpur Stock Exchange In front of the long Harl Raya break not surprisingly exhibited the same quiet conditions which have prevailed since the end of last month. Total turnover came to a meagre 6.07 million units compared with the 14.12 million322 words
-
-
Page 2 Advertisements
-
Advertisement242 1977-09-17 2 See pace 5 c rr rr 77 v > P > s 1 "m" L ff 7, s S jr* t A X n VV^ f 4 Out! The September issue is here. The issue with the bright new look. n .V was introduced to the public in October 1972.242 words
-
-
Page 2 Miscellaneous
-
Miscellaneous36 1977-09-17 2 iiTlStcW.' Ftaitfc Dickons I UMHPS TVC,IiODOaLE. J JOWejS rrr^nrzr vvoweD w9 an IT'S rX3ST unu*E. W»m ON VOUR UFg,... KUOu) UHW MCS UP P< QO*C* Run TUO3OGW iv4e wis VAC cotomNS U>«U_ eSTF\e>L*SH VA\*=> UHEBER6OOTS NO36 words
-
Miscellaneous11 1977-09-17 2 r? ER heart prior to 7JO pm 24 hoai airport. HfidHy11 words
-
Miscellaneous304 1977-09-17 2 SINGAPORE 5 1.00 PM Opening announcements followed by Sesame Street 1.55 Saturday Matinee One Million Years B.C. Starring: Raquel Welch, John Richardson, Robert Brown, Percy Herbert, Martine Beswick 3.30 World Cup Soccer Hongkong vs Indonesia (English-Repeat) 5.00 Sandiwara A Malay drama entitled "Oh Sayangku" with English subtitles (Repeat) 5.40 Sara304 words
-
-
458 1977-09-17 3 Reuter NEW YORK. Frl. The money supply report expected for release soon should provide the Federal Reserve with a breathing spell in determining Its future policy, analysts said According to the analysts, report of an US$BOO million (Ssl.9 billion) decline In M-l for theReuter - 458 words
-
196 1977-09-17 3 Reuter WASHINGTON, Frl. The rise In US business Inventories slowed In July to a seasonally adjusted US$l.92 billion (554.704 billion) following a $2.4 billion gain In June, the Commerce Department said. Total Inventories now stand at $317.38 billion. At the same time, the department saidReuter - 196 words
-
Article176 1977-09-17 3 Reuter ZURICH, Frl. Bank of America executive vicepresident, Lel&nd Prussia, said he thinks US prime rates may have peaked with the increase to 71/4 per cent by Chase Manhattan earlier this week. Mr. Prussia said he did not feel this Increase would be followed acrossReuter - 176 words
-
Article139 1977-09-17 3 Reuter OTTAWA, Frl. Narrowlydefined money supply was down C 5276 million (***** million) to $19,947 million while the more broadly defined money supply was up $430 million to $89,476 million. Bank of Canada said. Chartered bank general loans outstanding fell $101 million to $54,465 million. TotalReuter - 139 words
-
268 1977-09-17 3 Reuter WASHINGTON, Fri. The International Monetary Fund said the industrial world's reserves rose to 124.38 billion Special Drawing Rights in July from 123.36 billion in June. A further sharp increase in British reserves, which rose to 11.62 billion SDR from 10.06 billion in June,Reuter - 268 words
-
Article142 1977-09-17 3 Reuter LONDON, Frl. Chemical Bank, UK branch of Chemical Bank of New York, said it is paying depositors £25.000 (*****,675) minimum at seven days notice Interest rates of one per cent below Its base lending rate, currently seven per cent. The deposit rate of six per centReuter - 142 words
-
401 1977-09-17 3 Reuter PARIS, Frl. France can expect consumer prices to rise 11 per cent next year after a 10.5 per cent Increase in 1977 if the present ruling coalition wins next March's general election and pursues unchanged policies, the Ecofrance forecasting unit said. TheReuter - 401 words
-
912 1977-09-17 3 NYT WASHINGTON, Frl. Mr. Bert Lance clearly won the first round of his battle with the Senate, but In Slltlca, there are some bats you can't afford to win. Mr. Lance chose to put the Senate committee on the defensive, to attack his attackers,NYT - 912 words
-
Article149 1977-09-17 3 Reuter WASHINGTON, Fri. President Carter Mid be has not made i decision oa the future of Bert Lance and will judge whether he has acted improperly after the Budget Director completes this week's Congressional testimony. "I'm keeping an open mind on the subject," Mr. Carter told California RadioReuter - 149 words
-
709 1977-09-17 3 Reuter LONDON, Frl. British money supply on a sterling M 3 basis was virtually un changed seasonally adJusted in the four weeks to Aug 17 against a rise of 1.25 per cent In the five weeks to July 20, the Bank of England said. InReuter - 709 words
-
528 1977-09-17 3 Reuter BONN, Frl. The Bonn Government's latest attempt to relnvlgorate the slow-moving economy was given a cautious welcome by German economists. Their verdict was generally that the Increased budget spending and tax and Investment measures agreed by the Cabinet on Wednesday went in the right direction,Reuter - 528 words
-
Article31 1977-09-17 3 Reuter WASHINGTON, Frl. The House defeated by 223 votes to 193 a proposal to link minimum wages to the average pay of productloir workers starting Jan 1 1979.Reuter - 31 words
-
179 1977-09-17 3 Reuter FRANKFURT, Frl. West Germany's vehicle production rose seven per cent to 2.68 million In the first eight months of 1977 compared with the same period last year, Mr Johann Von Brunn, president of the Motor Industry Association (VDA) said. Exports rose fiveReuter - 179 words
-
Article317 1977-09-17 3 Reuter AMSTERDAM, Frl. The economic outlook for Europe U for moderate, occasionally hesitant, growth with a gradual decline In both inflation and Interest rates, Amster-dam-Rotterdam Bank NV executive board member Mr. Christian Karsten said. Unemployment remains the greatest problem, he said In a speech preparedReuter - 317 words
-
Article98 1977-09-17 3 LONDON CD'S INCREASE Reuter LONDON, Fri. Total outstanding London dollar certificates of deposit rose to U5519.78 billion (Ss49 billion) In mid-August from $18.98 billion In mid-July, the Bank of England said. The closing balance of dollar CD's held In the secondary market fell to $655.9 million at midAugust from $520Reuter - 98 words
-
Article29 1977-09-17 3 Reuter MEXICO CITY, Frl. Mexico's trade deficit In first-half 1977 fell to U*****.6 million (Ss76o million) from a deficit of $1.46 billion In the same period last year.Reuter - 29 words
-
445 1977-09-17 3 AP SAN FRANCISCO. FYI. President Carter's chief trade negotiator urged world business leaders yesterday to strip away barriers which hinder international trade. Mr. Robert Strauss, former chairman of the Democratic Party who Is now serving as Mr. Carter's special representative for trade negotiations,AP - 445 words
-
Article172 1977-09-17 3 Reuter LONDON, Frl. UK exporting companies expect overseas sales In the second quarter of 1977 to be about five per cent higher by volume than In the first half, a similar increase to that In the first half over second half 1970, the Department ofReuter - 172 words
-
Page 3 Advertisements
-
Advertisement391 1977-09-17 3 Maker of theWxids first calculator watch This fantastic Pulsar heralds a whole new generation of Time Computers it puts a highly sophisticated calculator on your wrist as well. The Time Computer goes on working accurately without being affected in any way while you're using the calculator. How to use the391 words
-
-
Page 3 Miscellaneous
-
Miscellaneous181 1977-09-17 3 FRIDAY'S CROSSWORD SOLUTIONS East Solution ACROSS. 1, Follow. 7, Enriched. 8, Hide. 10, Routed. 11, Scheme. 14, Oen. 10. Oasis. 17, Seer. 19, Tally. 21, Ratio. 22, Fence. 23, Loch. 26, Orbit. 28, Bin. 29. Carton. 30, Manual. 31, Odes 32, Exertion. 33, Kissed. DOWN. 1, Flares. 2, Loiter. 3,181 words
-
-
COMPANY NEWS
-
503 1977-09-17 4 A NEAR five-fold Increase in pre-tax profit at subsidiary Hotel Merlin SlngaKre was the main factor hind the 25.6 per cent rise in group pre-tax profit at United Overseas Land. For the first half of the current year ending Dec 31, 1977,503 words
-
LATEST RESULTS
-
Article34 1977-09-17 4 Unaudited group pre-tax profit $251,393 ($127,714) on sales $2.72 million ($2.78 million) for the year ended June 30, 1977. Parent company pre-tax profit $54,404 ($144,677) on sales $1.2 million ($1.13 million).34 words
-
-
Article393 1977-09-17 4 Current Ex Date Total for Total for payment Date payable the year previous year Selangor Properties 8% I Aug 23 Sept 18 8%I 16% Alexandra Holdings 5% Sept6 Sept 19 5% 5% C. Sugar* 10% Sept 5 Sept 29 15% nil International Wood 10%TE Ayg8 Sept 30 10%TE393 words
-
1023 1977-09-17 4 SINCE its 1974 heyday, Malayan Credit has consistently been on the decline. And its future Is all but clear. For these and other reasons, the company's latest annual report makes bad reading. Group pre-tax profit for the year ended March 31, 1977 dwindled to a1,023 words
-
Article96 1977-09-17 4 A COMPANY called Keck Seng International with a nominal capital of $1 million was Incorporated In July. Although It Is not known If the company is part of the publicly quoted Keck Seng (Malaysia) Bhd group, it shares at least two directors In common with the96 words
-
Article39 1977-09-17 4 ENCIK Abdul Rank Haahim has been appointed director of the administrative division In Kumpulan Guthrie Sdn. Bhd. Cathay Pacific has ap--8ol nted Mr. James T.T. ong as its new cargo sales representative, effective from Sept. 12.39 words
-
COMPANY MEETINGS
-
Article, Illustration51 1977-09-17 4 THE following company meetings are due: Sepl. 17, 12 noon at the Gardenia Room Shangri-La Hotel, 22 Orange Grove Road, Singapore 10. MR. JACK CHIARAPURK (Jack Chla), chairman of Jack Chla-MPH, which Is due to hold Its AQM at the Gardenia Room, Shangri-La Hotel at 12 noon51 words
-
Article18 1977-09-17 4 Sept. 17 at 15th Floor, Rooms 1511/1512, Shing Kwan House, 4 Shenton Way, Singapore 1.18 words
-
Article11 1977-09-17 4 Sept. 19 at the Registered Office, Batu Tlga, Selangor.11 words
-
Article17 1977-09-17 4 Sept 20 at the Cempaka Room, Hotel Equatorial. Jalan Sultan Ismail, Kuala Lumpur, Malaysia.17 words
-
Article23 1977-09-17 4 Sept 21 at 10.30 a.m. at the Registered Office. 12th Floor, Yee Seng Building, Jalan Raja Chualan, Kuala Lumpur.23 words
-
Article23 1977-09-17 4 Sept 21 at 11.00 a.m. at the Registered Office, 12th Floor, Yee Seng Building, Jalan Raja Cnualan, Kuala Lumpur.23 words
-
-
Article1163 1977-09-17 4 On Sept 15 TRADING in options on the Chicago Board Options Exchange came to 80,377 contracts on Thursday compared with 75,564 contracts on Wednesday. OPTIONS OCT JAN A PL STOCK Alcoa 45 2 3 UNTRO 44 Alcoa SO 1/4 1 115/16 46 Alcoa 80 UNTRO UNTRD UNTRO1,163 words
-
Article183 1977-09-17 4 PUBLIC Textile Is not unduly optimistic about Its prospects for the current year ending Dec 31, 1977 despite a strong first half. For the six months ended June 30, 1977 unaudited group pre-tax profit shot up nearly six-fold to M 5103,751 although sales declined about 25183 words
-
1158 1977-09-17 4 NYT NEW YORK: What's this? Peaked roofs, shutters and patios in the desert? Is It a mirage? No. It's the American way of life, exEorted to Saudi Arabia to ouse some of the thousands of Americans working there for companies such as Aramco, PetromlnNYT - 1,158 words
-
402 1977-09-17 4 FT LONDON, FYI. First half (24 weeks) pre-tax profit of Rolls-Royce Motors Holdings advanced from £3 million to £3.67 million on turnover up by £10.73 million, to £54.75 million. The directors state that results were Influenced by production troubles In its car division. Demand forFT - 402 words
-
270 1977-09-17 4 FT LONDON, Fri. The Small Business Capital Fund Is an unusual animal. It Is one of the few examples outside North America of a venture capitalist organisation which takes an Intensely active part In the management of companies In which It invests. Many ofFT - 270 words
-
-
Page 4 Advertisements
-
Advertisement239 1977-09-17 4 I s V. a r f THEHAMLYN PICTORIAL ATLAS OF THE WORLD A modern and comprehensive atlas has oecome indispensable both to students of geography and to general readers who want to understand the new economic and political shape of the world Here, for the first time, a conuse fascinating239 words
-
-
INTERNATIONAL COMPANY NEWS
-
221 1977-09-17 5 NORTH AMERICAN COMPANIES Reuter H.J. HEINZ does not expect to register any foreign exchange gains or losses In fiscall97B, which started on April 28. 1977, director of financial and banking relations Paul Renne told analysts. Heinz, which reported fiscal 1977 earnings of U5583.82Reuter - 221 words
-
Article119 1977-09-17 5 Reuter THE US Shell Company said it has turned over its one oil field in Argentina to a group Including Ryer Scott of the US and the local firms, Competrol and Tecnica Patagonica. Under an agreement approved by the Energy Department, the buyers are toReuter - 119 words
-
Article84 1977-09-17 5 Reuter THE NORDEN division of United Technologies and Dynell Electronics said they agreed in principle for the acquisition of Dynell by United. Under the proposed agreement, Dynell shareholders would receive US$B per share In cash and the acquisition would have a cash value of around $21 million.Reuter - 84 words
-
Article113 1977-09-17 5 Reuter AMERICAN MOTORS reached tentative agreement on a new contract with the United Auto Workers Union, averting a strike by some 10,000 AMC employees at midnight tonight, the company said. A spokesman for AMC said the settlement, which must be ratified by the union rank and file, wasReuter - 113 words
-
186 1977-09-17 5 Reuter BRITISH COLUMBIAN borrowers may well tap the Euromarket as capital Is needed In the coming years for development of the Canadian province's private sector, British Columbia Premier William Bennett told a press briefing. In the hydro-power sector alone capital requirements run at some US$6OOReuter - 186 words
-
Article189 1977-09-17 5 Reuter TENNECO INC expects 1977 revenues to be over US$7.5 billion, up from $6 billion last year, senior vice president-finance Kenneth Reese told analysts. He did not predict earnings but said the company is confident It can achieve a compound diluted earning per share growth of overReuter - 189 words
-
512 1977-09-17 5 NYT NEW YORK. Wall Street observers have long deplored a stock market that puts premium values on the shares of a select group of companies while Kricing the shares of undreds of others radically lower. But in recent months, more than oneNYT - 512 words
-
Article71 1977-09-17 5 Reuter GENERAL ELECTRIC said It plans to build a US$9O million chemical plant In Mount Vernon, Indiana, to produce phenol and acetone. Construction will begin next month, with Initial production scheduled for early 1980. The new plant will have an annual capacity of 400 million poundsReuter - 71 words
-
177 1977-09-17 5 Reuter A SPOKESMAN here for Unilever NV and Unilever Ltd said the company will not comment on the possibility of its making a tender offer for Gerber products. "Unilever has a policy of never commenting on rumours and will not comment on this one,"Reuter - 177 words
-
Article190 1977-09-17 5 Reuter GULF OIL CORP chairman Jerry McAfee said it may be a tough fight for the company's 1977 earnings to exceed last year's US$4.l9 a share. Mr. McAfee, who made the comment to reporters In answer to questions before an analysts' meeting said 1977Reuter - 190 words
-
Article25 1977-09-17 5 Reuter THE California Public Utilities Commission has ordered General Telephone Co of California to make refunds and rate reductions totalling US$7B.2 million. ReuterReuter - 25 words
-
224 1977-09-17 5 UK COMPANIES Reuter EMI said cumulative orders for Its brain and body scanners now total more than 850. Market conditions have declined significantly In North America but sales continue to grow steadily in other territories. However, EMI world scanner business is unlikely to show increasedReuter - 224 words
-
Article71 1977-09-17 5 Reuter THE Bank of England announced that the basis of allotment for the issue of 12 per cent Treasury stock 1995 for which lists opened and closed 1s as follows. Up to £50.000 inclusive, allotted in full. Above 50.000 and up to and including 170,000. allotted 50.000. AboveReuter - 71 words
-
682 1977-09-17 5 FT EUROPEAN FERRIES, the fast-growing group which runs car ferries, remains Interested in taking over the big Furness Withy shipping group, although its initiative towards a gettogether was rebuffed this summer by the Furness Board. On Monday, European Ferries, which is headed byFT - 682 words
-
Article200 1977-09-17 5 Reuter BRITISH Leyland's plans to spend over £500 million on new equipment over the next few years will have to be cut unless the group's profitability improves, chief executive Alex Park said. He told the 165,000 workforce in a message posted in the company's UKReuter - 200 words
-
1100 1977-09-17 5 NYT NEW YORifc: The Hyatt Corporation, whose presi-. dent recently resigned amid charges by the company's special counsel of financial improprieties, has been under a separate and much more extensive investigation by the Securities and Exchange Commission for at least eight months. According toNYT - 1,100 words
-
180 1977-09-17 5 Reuter BUOYED by a 51 per cent rise In sales, pre-tax profit at Booker McConnell Increased 47 per cent from £6.7 million to £9.84 million for the first half-year ended June 30, 1977. This constitutes earnings per share of 13.71p against 10.07p previously. SalesReuter - 180 words
-
163 1977-09-17 5 Reuter IMPERIAL Chemical Industries said its 500.000 tonne a year ethylene cracker, being built Jointly with British Petroleum at Wilton, Teesside, will not be completed until the second half 1978, a year behind schedule. The delay has been caused by setbacks at the design stage,Reuter - 163 words
-
Article34 1977-09-17 5 BRITISH PETROLEUM said It completed its first appraisal well on North Sea Block 7/12, some 240 km east of Aberdeen, where a Jurassic 011-bearlng reservoir was discovered by well 7/12-2 last summer.34 words
-
312 1977-09-17 5 EUROPEAN COMPANIES Reuter ZURICH, Frl. Nonindustrlallsed countries which hope to rely on further commercial bank lending rather than submit to the conditlonality of the Witteveen Facility could find that the funds banks can make available are Insufficient, Schwelzerlsche Bankgesellschaft chairman Philippe De WeekReuter - 312 words
-
Article34 1977-09-17 5 Reuter IJMUIDEN, Frl. Estel NV Hoesch Hoogovens expects a pre-tax loss of between 400 million and 500 million guilders this year but hopes to return to profit around 1980/81, Hoogovens BV said. DontorReuter - 34 words
-
Article119 1977-09-17 5 ASIAN COMPANIES AP SEOUL, Frl. The Korea Development Bank plans to float yen-currency bonds, valued at 12 billion to 15 billion yen, fbr the first time In Japan early next year, the governmentowned bank said. The plan calls for a maturity of 10 to 12 yearsAP - 119 words
-
Article18 1977-09-17 5 Reuter HONGKONG, Fr. Handelsbank N.W. of Zurich said It opened an Asian regional representative office in Hongkong.Reuter - 18 words
-
Article89 1977-09-17 5 AFP HONGKONG, Fri. Gulf Arabian said that It has asked Its bankers, the Chartered Bank, to appoint a receiver. The company operates barge and shipping services in the Arabian Gulf and Red Sea. It has advised the Commissioner of Securities and the stock exchange that negotiations forAFP - 89 words
-
Article76 1977-09-17 5 AFP HONGKONG, Frl. Kao Shlng Properties and Finance announced a consolidated net loss of HKJ190.757 for the year ended Jan 31, 1977. No dividend for the year will be declared, the company said. It also announced that an extraordinary general meeting of shareholders would be held onAFP - 76 words
-
Article57 1977-09-17 5 Reuter TOKYO, Fri. Dal' Ei Inc said it has been invited to buy Hawaii's largest discount store, Holiday Mart. It declined to give details, but said it will probably make a reply late this month or early next month. The proposal came through Dai' El USA aReuter - 57 words
-
-
Page 5 Advertisements
-
Advertisement130 1977-09-17 5 Large American Commodity and Fertilizer Trading House with offices throughout South East Asia and the world has a vacancy for a TRADER 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 Materials130 words
-
-
Article2265 1977-09-17 6 1*77 High Low Loot Company Sale +erGr'a div Div c'vr Gr'a Net y'M P/E Vol Day CMD) High Low SECTION ONE INDUSTRIALS 154 204 116 238 88* 196* 169 224 414 171 136 172 58 212 57* 155 152 182 350 145 Acma Aicom Allied Choc Bala2,265 words
-
Article, Illustration461 1977-09-17 6 A STEADIER troad prevailed ia tkla tradiag oa the Stack Exchange af Singapore yesterday. By and larft, investors still preferred to stay oa the sidelines while dabblers coatiaued ta fiad little leverage as price movements were reduced ta ripples. According ta observers, the market renaaiaed fairly liquid461 words
-
Article1444 1977-09-17 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1 noo unit* unless otherwise specified All Time Settlement Contracts are quoted after the word "Sett Big1,444 words
-
Article59 1977-09-17 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. Inchcape (Sept. $2.40) (0.10S). (March $2.40) (0.148 0.255). U O B (March $3.20) (0.178 0.255).59 words
-
Article151 1977-09-17 6 SINGAPORE UNIT TRUST INCOME BOND UNIT i Manaf m pric* for Sept 11) (Curreat p rices) The Commerce 1.74 1.84 INCOME BOND 1.07 1.13 The Saving Fund 1.05 1.11 S pore Pro* Fund 083 0 88xd MARA BUMIPITRA FI ND S'pore Security (Hiu|en price* far Sept 19) Fund151 words
-
Article150 1977-09-17 6 B O T 8 1/2% 1981 (100.000) (103*B 103*S) B O T 7 5/8* 1984 (100.000) (998 99*8) LTCB J 1982 (100,000)(98HB 98 %S) Credit Lyoaaais Floating 1983 i 100,000) (98*B 98*8) B 8 Converts 6 1/2% 1991 t 100,000) (978 988) IBSB 1/2% 1982 (100,000) (101 *B150 words
-
Article152 1977-09-17 6 Rep Spore D Mark 7% 1982 (100,000) (1018 101*8) Rep Spore 6 1/2% 1983 (100,000) (99*8 100*8) Rep Bpore 7 3/4% 1987 (100,000) (100*B 1018) 5 3/4% IVC/81-84 250,000) (102.758) 5 1/4% 16/7/78 (250,000) (101.10B) 4 3/4% 1/6/79 (250,000) (100.558 100.758) (6) 100.60 6 1/2% 16/8/78 (250,000) (102.208152 words
-
Page 6 Advertisements
-
Advertisement176 1977-09-17 6 Confront Singapore's decision makers in Business Times v 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 these176 words
-
-
INTERNATIONAL STOCK MARKETS
-
Article335 1977-09-17 7 HONOKONO: The market closed slightly easier In quiet trading on Friday, with more trading interest towards the close, dealers said. The Hang Seng index dropped 2.87 points to close at 414.63. Jardlae Mathesea, Swire Padfle and Whselsck Mardea fell 10 each to HK814.50, 96.40 and •2.55 respectively and Hutchiaaa335 words
-
Article458 1977-09-17 7 TOKYO: Share prices closed slightly higher after a firm opening on Friday, dealers said. The Dow Jones average added 1.32 to close at 5,207.49 with volume 250 million shares. The New Index closed at 387.51, up 0.33. Blue chips and populars rose Initially following the continued rise on Wall458 words
-
Article395 1977-09-17 7 SYDNEY: Uraniums were easier In a mixed market on Friday, after the ACTU's call for a referendum on uranium mining with Panr—ri—f I falling A40 cents to 98.20 and EZ IadutriM three to $2.65 while Pake firmed slightly, dealers said. The Sydney All-Ordinaries rose 1.08 points to close at395 words
-
Article155 1977-09-17 7 MANILA: The market closed generally firmer on Friday, with turnover rising to 18.34 million pesos from Thursday's 1,0.39 million, dealers said. Philo* and Bagnio Gold led the mining sector with gains of two points each, while Atlas and Marlnduque lost one point eacA and other minings rose slightly. Leadlna155 words
-
Article100 1977-09-17 7 tart m BaMi 1 Asia Fibre BangkokBank Bangkok Invest. Bangkok-Metro-m Mi an •1 H +6 Berll Jucker Charoong TtiaJ Wire Dumex DusltThani Faber Martin FlrstTruat Oenerm Finance Indo-Thal Industrial Finance Corp J And J Ho Jalaprathan Cement Karnasuta Lee K van( Mln Metal Bos Rama Towers Safety Insurance Saha100 words
-
Article279 1977-09-17 7 AMSTERDAM: The market was steady In quiet trading on Thursday, with Dutch internationals higher on balance, dealers said. Hoogov—s rose 0.20 guilders despite forecasting losses between 400 and 500 million guilders this year. The steel company's problems had been discounted by the market, traders said. Royal Dutch also rose279 words
-
Article158 1977-09-17 7 BRUSSELS: Share prices closed mixed to slightly lower In quiet trading on Thursday, bourse sources said. VMlte NnUpt, FN, CUbec and GB rose while Ualoa Miniere, Cockerill Wagons Lite, Socfin and St bck all fell. In foreign stocks, Dutch, Uk and German were little changed, US rose and French158 words
-
Article280 1977-09-17 7 FRANKFURT: The market was mixed to firmer 011 Thursday, bourse source* said. VM, and MsnedaaHsUfag (MAH) all rose between 3 .20 and four marks, but BMW added only 0.50. Ceati Gwml gained 2.50. Major banks roae at most 1.90, stores were mixed, «nd leading chemical stocks declined on foreign280 words
-
Article149 1977-09-17 7 MILAN: Stocks were mixed In moderately active trading on Thursday, bourse sources said. Ceadatta D'Acgui and Generate ImmobUiare recovered slightly after recent sharp losses. Itateemeoti, Montedison, Aaic, both Olivetti* and Assicarasiaai General! also gained. Saia Viscosa and Bastagi eased. Bonds firmed for shorter maturities, following reductions in Treasury bill149 words
-
Article331 1977-09-17 7 PARIS: The market was sharply higher In active trading on Thursday, following the difficulties encountered by leftwing parties at their meeting to bring their common programme of government up to date. All vectors advanced strongly, with exceptional gains being recorded by Uriaw, Moulinex, Thomson-Brandt, PougeotCitroon, Denain. Rouoael, Sues and331 words
-
Article253 1977-09-17 7 ZURICH: The market firmed slightly on (elective demand on Thursday. The Credit Suisse index closed at 240.4 points. Insurances fluctuated narrowly. Leading industrials Improved apart from easier Bu--4m bearer and Alnouisoe registered. Clba-Gelgy firmed slightly following the announcement of planned cooperation with the AjMtiku Alma Cora. In a quiet253 words
-
Article408 1977-09-17 7 JOHANNESBURG Gold shares generally moved easier reflecting small profit-taking and lower bullion indications on Thursday, dealers said. Losses In heavyweights ranged from 25 to 100 cents, while medium and smaller priced shares lost between five and 10 cents. Financial minings were occasionally lower in line with producers. Do Bean408 words
-
Article333 1977-09-17 7 TORONTO: The market closed narrowly mixed in moderate trading on Thursday, with the composite index up a fraction and declines leading advances 180 to 183 Reitaaa's added W to 13 H and Black Brothers picked up fc to 5H on higher six months' earnings while Livingston Industrie* rose w333 words
-
Article1031 1977-09-17 7 NKW YORK: Investors, anticipating favourable US money supply figures, staged a modest rally that sent prices higher In moderately active trading on Thursday. The market was helped from the outset by Indications the Federal Reserve Board had completed Its latest round of credit tightening In response to last1,031 words
-
Article63 1977-09-17 7 FINANCIAL TIMES INDUSTRIALS Thursday 544.9 Wednesday 549.2 Week Ago 529.0 DOW JONES AVERAGE INDUSTRIALS Thursday 840.78 Wednesday 858.71 Week Ago 868.18 LONDON DOLLAR PREMIUM Thursday 92 to 92 H Wednesday 89* to 89*. H.K. HANG 8ENG Thursday 427.49 Wednesday 428.15 W«ek Ago 428.79 SYDNEY INDUSTRIALS Thursday 373.04 Wednesday 372.5563 words
-
846 1977-09-17 7 FT LONDON, FYI. On turnover of £725.1 million compared with £648 million, pre-tax profit of Dalgety rose from £15.6 million to £17.1 million for the year to June 30, 1977 after £8.1 million, against £7.8 million, for the first half. Mr. R.A. Withers, the chairmanFT - 846 words
-
Article193 1977-09-17 7 Reuter TOKYO, Frl. Klrln Brewery said Its after-tax profit In the current year ending Jan 31, 1978 will rise 17.7 per cent to 18 billion yen from 13.59 billion yen in the preceding year. Sales will also rise 8.6 per cent to 651 billion from 599.33 billion, ItReuter - 193 words
-
-
Page 7 Advertisements
-
Advertisement333 1977-09-17 7 BUSINESS TIMES Airline Directory 110-112 She* Centre, Orchard Reed, Siw|«»iw 9 (Tel: 377.111) Air Ciyln 302-0, 3rd Fleer, Marina Hawse W,„ fin,,, in vinBVBWw (Tel: ***** M) Grawid. Floor ICB lyjyifM jhinton Sineaaers 1 (Tel: *****1 T) 1M Fleer, UIC Iwildinf, Shentan Way, (Tel: 2205.277) S'aare Hyatt Hatal Shepplna Arc333 words
-
-
COMMODITY REPORTS AND PRICES
-
Article326 1977-09-17 8 ON THE Singapore rubber market yesterday, the market opened weaker with prices marked down 2.75 /-neents following lower London advices, and thereafter u fluctuated narrowly In thin trading. Towards the close prices —fell further on some stop- less selling, although some interest was shown in326 words
-
Article183 1977-09-17 8 Prices tn cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt I.o.b. 212 00 213 00N ***** 212.50N Int IR S S.October 212.75 213.00 212.25 212.75 Int t R S.S. November 214.SO 215.00 214.00 214.50 Int. 2R.S.S. 208 00183 words
-
Article45 1977-09-17 8 NOON SSR and SMR prices yesterday October R.A.S. (Current Mth) Buyer* 9»ll«n (cent* per kg) November (Forward Mth) Buyer* Seller* (cent* per kg) SSR20 (1-lon pallet) 205 00 207 .OON SSR so (1-ton pallet) 203 00 205 00N 206 00 208 OON 204.00 206.OON45 words
-
Article137 1977-09-17 8 HONGKONG, Frl. The cotton futures market closed easier in very active trading, after a weak opening, dealers said. December, March and July were all traded at record lows of 50.00, 49.96 and 51.94 US cents respectively. Trade house hedge selling towards the close on ■nibe weakness of the137 words
-
Article295 1977-09-17 8 YARN and cotton spot ex-godown prices In HK dollars: Cotton Yarn: China Blue Phoenix 20 s 1.900. 32's. 2.000. 40's, 2.090. (per bale of 400 lbs) Piece Goods: China Butterfly and Globe Brand unq, Dragon Head unq, Five Lambs unq. Flower and Butterfly unq. Flying Oeese unq, (per295 words
-
Article286 1977-09-17 8 LONDON, Frl. Terminal sugar closed the first call £0.10 per tonne up to £0.90 lower from yesterday afternoon's close. Dealers said yesterday's late decline against New York, which was extended In early kerb trading, but later reversed, reflected so far unsubstantiated market talk of a minor disruption in the286 words
-
Article469 1977-09-17 8 PRICES moved sideways in thin trading on the Singapore produce market yesterday. Throughout the day there was a general disinclination to deal because most stockists were holding their stocks off the market in anticipation of higher prices. west Asian ports continued to buy small quantities of the popular469 words
-
Article387 1977-09-17 8 LONDON, Frl. Coffee finished the morning officially "about steady 7 £40 lower to about unchanged. Turnover was low at 073 lots including seven options. Trade sources said prices moved rather erratically with limited pre-weekend short covering finding sellers rather reserved. November led the decline under moderate profit-taking with this387 words
-
Article56 1977-09-17 8 C.I.F. Rotterdam, US dollars per ton. LONDON Thursday Previous Malaysia 5% (fa bulk Nov 433 sir 435 sir Sumatra 5% f fa Sept Oct No* December January ROTTERDAM: 510 sir 510«lr 457 50 pd 400 sir 440 Sir 463.50 sir 432.50 pd 431 pd 435 sir 427.50 sir56 words
-
Article181 1977-09-17 8 LONDON, Frl. Tin rose £20 for cash and £15 for Three Months standard this morning while high grade rose £50 and £45 respectively. Dealers said the market remained quiet in the absence of trading in Penang, although the tone was steady on scattered covering largely prompted by expectations181 words
-
Article265 1977-09-17 8 LONDON, Frl. Terminal cocoa lost mostly £17 (March at £2,277.50) to £35 per tonne at the opening cc.ll with the unrestricted spot September position showing a loss from last night of £48.50. Dealers said sentiment was affected by yesterday's sell-off In New York although much of the activity appeared265 words
-
Article196 1977-09-17 8 BANGKOK, Frl. Indicative prices quoted here today were: (US dollars per tonne fob but* Bangkok) White Rica: 100 pet Ist class 300. 100 pet 2nd 292. 100 pet 3rd 288. 5 pet 277. 10 pet 255 15 pet 252. 20 pet 24V. 25 pet 240. 35 pet unq. Broken:196 words
-
Article147 1977-09-17 8 CHICAGO, Frl. Soybean futures yesterday closed with a 15-cent a bushel gain in the September and gains of nine to BV4 cents In other months. Increased prospects of tight nearby supplies because of rains delaying harvesting in the Midwest and Improved cash basis levels stimulated shortcovering which sent the147 words
-
Article71 1977-09-17 8 CHICAGO, Frl. Wheat futures yesterday fluctuated to either side of Wednesday's close In a price range of several cents before closing with losses of 1/4 to 1 1/4 cent a bushel. Some speculative buying Interest was encouraged by the early firmness in corn and the strength in soybean futures.71 words
-
301 1977-09-17 8 FOLLOWING last week's precipitous rise, prices dropped bock some 5 cents on balance during the shortened trading week to Sept 14, said Helidajr, Cutler, Bath A C*. Initially, easiness In London, profit-taking, arbitrage selling from Japan and lack of physical followthrough, together with the non event301 words
-
Article334 1977-09-17 8 LONDON, Frl. Copper wire bars this morning registered all-round gains of £1.50. Dealers said the market held steady on modest trade buying encouraged by the closing New York tone and the gold price this morning. Three months traded up to £090.50 per tonne in early ring dealings but softened334 words
-
Article218 1977-09-17 8 LONDON, Frl. Silver gained 1.2 to 1.1 pence per troy ounce. The market continued to lack fresh Incentives but held steady In sympathy with gold and the trend In base metals. Three months edged up to 261.4 pence In featureless trading of 26 lots. On Thursday, silver finished with218 words
-
Article392 1977-09-17 8 THE SINGAPORE gold market yesterday opened after the Harl Raya Puasa holiday on a firm tone. The kllobar opened at 8511,705 and on consistent buying on the loco London market the price rose to a high of 55U.724 before closing slightly down at 5511,716. The loco London market opened392 words
-
Article88 1977-09-17 8 LONDON, Frl. Zinc eased this morning by £1 for cash and £1.25 for Three Months. Prices were initially steady In line with the Cneral trend but softened ter as hedge selling pressure developed. Three Months traded up to £301 on the pre-market but touched £208.50 In the ring despite88 words
-
Article112 1977-09-17 8 LONDON, Frl. Lead closed the morning with cash down £0.50 and Three Months up i.0.25. The market found further fresh buying support attracted by the trend in copper although some chart resistance was noted at the higher levels. Three Months traded up to 1336 on the pre-market but was112 words
-
MONEY AND EXCHANGES
-
Article506 1977-09-17 8 THE LOCAL money market yesterday saw some very hectic trading with overnight rates climbing to astronomical heights but all the activity had very llltle effect on the terms. Overnight rates climbed from an unusually high opening level of about ott per cent to seven per cent In the morning.506 words
-
Article49 1977-09-17 8 ACBC First Chicago Alftmene Bank «>. Bangkok Bank 7 Citibank l 4 HSBt Bank of America i*i Bank of China 7 Bank of Tokyo Bank Nafara Indonesia 7 Indoiuez 6 l Malayan Banking 6 1 Mitiui Bank 6'« OCBC IS OUB L'CB UMBC 7 DBS HOB (V,49 words
-
Article145 1977-09-17 8 Asian rates ASIAN currency deposit Interbank rates u at ctoae on Sept H: U8 Dalian (Spat) 7 day* 1 mth 2 mths 3 mth* 6 mth* 9 mth* 12 mths 7/16 1/3 1/3 11/1S 7/i eis/i# ..7 8w. fn. 5/16 3/8 3/8 3/16 3/4 13/16 7/8 Dm. 1 mth 3145 words
-
Article52 1977-09-17 8 RANOE of prlci ss offered by discount houses on Sept It: Overnight 3** Call Deposit 3% to 3Vk% 3-Month Buying Selltac Treasury bill* 3 1/1« 2 15/16 3-Month Bank Milt 4 1/] 4 3/8 3-Month CD S 1/16 4 15/18 (-Month CD 5 1/4 5 1/8 Source: National Discount52 words
-
Article178 1977-09-17 8 Euro rates LONDON, Frl. Eurodollar deposit rates opened a shade easier following news of the fall in the US Ml money supply, dealers said. Most periods lost around 1/16 at the outset but a Friday end in four months made for initial steadiness in this position. Dealers said business was178 words
-
Article45 1977-09-17 8 REBULTB of tender held on ®10 for 91-day Treasury to be issued from Sept 19 to 23: Offend: >13 000 000 AppUed for: SS2.WU.IIM Abotted- sis.seo.see Accepted Bids: 888.23 approximately 11% higher bids In full Average rate of discount on allotment: 3.815N pa45 words
-
Article202 1977-09-17 8 NEW YORK, Frl. The dollar yesterday closed slightly lower In quiet trading, with some further weakness seen in late trading after report of an US$BOO million decline in US money supply in the week ended Sept 7, dealers said. The dollar opened slightly lower In further reaction to202 words
-
Article184 1977-09-17 8 LONDON, Frl. Sterling lost ground to U551.7432/34 from an opening $1.7437/39 on selling pressure, possibly on profit-taking from Europe, dealers said. Forward premiums against the US unit were, however, buoyant on expectations of another cut in UK minimum lending rate today, they said. The dollar was slightly easier at184 words
-
Article137 1977-09-17 8 HONGKONG, Fri. The US dollar eased against most major currencies In quiet pre-weekend trading, following its decline in New York, although it rose further against the Hongkong dollar, dealers said. The US unit dropped to DM2.3250/60 and 2.3840/50 Swiss francs from 2.3272/83 and 2.3855/66 respectively in New York, and137 words
-
Article60 1977-09-17 8 AUSTRALIA/NZ exchanges on Sept 16: Australia: Sterling 0 6364/ 0 6296 U8 dollar 1.1082/ 1.1014 Ninety-day air mall buying rates Sterling 0 8520 UB dollar 1.1312 Ninety-day forward buying rates: Sterling 0 6296 US dollar 1 0946 New Zealand' Sterling 0 5564 0 5533 US dollar 0 9148/ 060 words
-
Article67 1977-09-17 8 ZURICH exchanges closing quotes on Sept. 15: U8 2 3848-3855 UK 4 1588-1604 Can 2 2210-2221 W Oerm 102 53 58 Neth 96 76 82 Prance 48.36 48 Be If 6.64 -1/2 85 Denro 38.60 62 Norw 43 55 59 Swed 49 10 12 Italy 0 2897 2899 Austria67 words
-
Article42 1977-09-17 8 FRANKFURT exchanges opening quotes on Sept 10: U8 2 3251/61 Can 2.1845/66 UK 4 .06/08 Neth 94.34/44 8 wit* 97 55/85 Italy 2 828/838 Prance 47 15/25 Norw 42 50/80 Belg (com) 8 48/44 Belg (fin) 6 47/48 Japan 0 8706/1842 words
-
Article114 1977-09-17 8 TOKYO, Fri. The US dollar for overnight delivery closed lower at 266.90 yen, down from a 267.20 opening and 267.33 at the previous close. The US unit rose to 267.25 at one point on buying by banks to meet import settlement needs early next week, but later fell as114 words
-
Article303 1977-09-17 8 LONDON, Frl. US dollar bonds firmed around y« point In moderate activity following the fall In US money supply in the latest reporting week, dealers said. Straight! Bid Offer Austria IV, 90 101* 102* Bell Canada 8*. M 104* 105* BFCE 8* 83 103 103* Brazil 9* 84 99*303 words
-
-
-
Page 8 Advertisements
-
Advertisement170 1977-09-17 8 r MONTHLY ECONOMIC REPORTS With monthly political tupplomont for UP-TO-DATE HANDY REFERENCE tig ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide tp the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin170 words
-
-
TRANSPORT AND COMMUNICATIONS
-
415 1977-09-17 9 AP CINCINNATI, Frl. Engineer Charles Cummlngs became disgruntled with the US aerospace programme nine years ago and decided then that, for him. It Is far more thrilling to invent and build toys. Aside from his work for Kenner Products Co., he hasAP - 415 words
-
134 1977-09-17 9 LUFTHANSA SERVICE OmbH (LSO), a fullyowned Luftansa subsidiary with headquarters -In Frankfurt provides more than IS million "menu units" for 150 airlines every year. LSG was established 12 years ago and numbers some 2,000 employees today. It has developed an Interesting new section which134 words
-
Article70 1977-09-17 9 Reuter COLOGNE, Fri. Deutsche Lufthansa said it will sell seven Boeing 747 aircraft to Itel Corp of San Francisco as part of a plan to acquire five new long haul Boeing 7475. A Lufthansa spokesman was unable to give financial details of the deal. Boeing willReuter - 70 words
-
388 1977-09-17 9 SEABORNE cargo discharged and loaded at Singapore appears to be picking up rapidly at trading conditions look like improving and economic recovery shows signs of gaining momentum. Figures released by the Department of Statistics point to an encouraging increase in the volume of seaborne388 words
-
Article166 1977-09-17 9 UPI LONDON, Fri. West Germany, Spain and Yugoslavia featured as the destinations of renewed Iron ore chartering activity from Canada, Brazil, West Africa and India. A 70,000-ton early-Octo-ber iron ore cargo was arranged from Port Cartler to Weser aboard the ore-oil carrier Tsukuba Maru at U552.75 (FIO)UPI - 166 words
-
380 1977-09-17 9 Air giants start cheap transAtlantic flights Reuter NEW YORK, Fri. Airline giants Pan American and British Airways, forced to compete with Britain's privately-owned Laker Airways, have Inaugurated what could be a new era in cheap trans-Atlantic flying. Nearly 70 standby passengers boarded PanAm and BA aircraft here yesterday for flightsReuter - 380 words
-
Article173 1977-09-17 9 SUMA Line, based In Copenhagen, started operating to Singapore In 1974. It operates a semicontainer service every fortnight. It hopes to operate a fully-containerised service by early next year. It serves the Far East/North Continent (and UK) trade. Ports served In the Far East are Pusan, Kaohslung, Hongkong,173 words
-
Article65 1977-09-17 9 AFP LONDON, Fri. British officials said that they expected "many millions of pounds" worth of orders from about 50 countries represented at the annual display yesterday of military naval vessels at Chatham, in the Thames estuary. The vessels shown by the Royal Navy and Defence MinistryAFP - 65 words
-
Article, Illustration292 1977-09-17 9 EXPECTED ARRIVALS TODAY KERNEL WHARVES Colombia Mara (JBQG) (after Naruto Maru) 31/32 Frotabelra (after Main Lloyd) 33/34 Gudrun Bakke (0100 after Straat Fushlml) 1/2 Neder Rhone (after Hoegh Pride) 47 Nlchlwa Maru (JQTO) (2200 after Palm Sea Horse) 15/16 Slbonga (after Hagurosan Maru) 10/11 RAS4R RANJAJM WHARVES Kota292 words
-
156 1977-09-17 9 AFP LONDON, Fri. Indian scooters and mopeds will soon appear on United States roads for the first time. Scooters India of Lucknow will begin deliveries In November against a US$6.5 million (Ssl6 million) order It secured at a buyer-seller meeting In Chicago, theAFP - 156 words
-
171 1977-09-17 9 AFP Reuter LISBON, Frl. Pilots of the Portuguese airline TAP today refused to be requisitioned by the Government and announced an Immediate two-day strike, with a possible extension. The requisition order was approved by the Portuguese cabinet last night, but the pilots' union today declaredAFP; Reuter - 171 words
-
Article97 1977-09-17 9 AFP FRANKFURT. Fr. Volvo, the Swedish car company, Intends to sell more heavy trucks on the West German market, a spokesman for the company said at the opening of the International motor show here yesterday. Bertll Brook, Volvo's marketing manager for commercial vehicles, said thatAFP - 97 words
-
Article601 1977-09-17 9 ARRIVALS DEPARTURES Service Local Operator Number Time From Service Local Operator Number Time For KAL MAS PAN GIA GIA SIA THAI GIA GIA PAL RBA SIA KLM MAS SIA THAI GIA SIA SIA SIA SN GIA MAS SIA SIA GIA JAL UTA MAS SIA SWR SIA GIA601 words
-
-
Page 9 Advertisements
-
Advertisement256 1977-09-17 9 I The three bosk needs ond the three ports of Britanni<a3 understanding, insight, and wisdom in every field of learning. Written by experts, approved by experts, but not written for experts. It is aimed at the average reader with as little technical jargon as possible. 1. To get at the256 words
-
-
1653 1977-09-17 10 DAVID HOUSEGO - By DAVID HOUSEGO FT THE shadows of the Pertamina affair linger In Jakarta. Hotels put up In the dizzy expectations of the boom that would follow the explosion in oil prices stand half empty. Land values are 40 per cent below their 1974-75 peak. Outside theFT - 1,653 words
-
Article622 1977-09-17 10 JONATHAN KANDELL - By JONATHAN KANDELL NYT KOSTA, (Sweden): If Erik Rosen had any business sense, he would realise that In a country like Sweden, where labour gets the .highest wages In the world, •an enterprise can survive •only by mechanising Its to the limit and wtelling its designers toNYT - 622 words
-
Article, Illustration1344 1977-09-17 10 HILARY BARNES - THE DANISH ECONOMY By HILARY BARNES FT UNEMPLOYMENT In Denmark Is running at about seven per cent and Is rising. Industrial output Is falling and GNP growth this year will almost certainly be under one per cent. On the face of It, therefore, It seems surprisingFT - 1,344 words
-
Article786 1977-09-17 10 RUTH YOUNGBLOOD - HONGKONG'S LICENCE PLATE AUCTIONS By RUTH YOUNGBLOOD UPI HONGKONG: "Going once...going twice...sold to the gentleman for HK172.000" That converts to 8838,000 but Sydney Slu was all smiles as he wrote out the cheque and left the auction with his purchase a licence plate for his car.UPI - 786 words
-
Page 10 Advertisements
-
Advertisement195 1977-09-17 10 Give usa man fora montfiwe'H give him a language for life now the largest group of language schools in the world offers a range of intensive language courses specifically designed for the busy executives whose work aind position require them to attain a high degree of proficiency in a language195 words
-
-
Article177 1977-09-17 11 AFP WASHINOTON, Imports of audio and video consumer goods from Japan Into the United States increased 17 per cent during the first party of this year, but Japan's share of total imports declined, the US Department of Commerce reported today. It said that total importsAFP - 177 words
-
176 1977-09-17 11 AP TOKYO. Frl. Taching, China's biggest oil producing centre, fulfilled or overfulfilled state quotas for crude oil production, processing and transport as well as prospecting and drilling In the first eight months of the year, the official Hslnhua News Agency reported today. Hslnhua'sAP - 176 words
-
104 1977-09-17 11 AFP TOKYO, Frl. The recession-hit Japanese cotton spinners plan to deactivate one million spindles by the end of next year to tide over the structural problems facing the industry. The 92-member Japan Cotton Spinners Association revealed this in a survey of Its member firms conductedAFP - 104 words
-
Article114 1977-09-17 11 Reuter ZURICH. Fri. The Swiss textile machinery Industry expects a further slight rise In order book levels In the second half of the year after work In hand rose 0.1 months to 4.4 months In the quarter to end June, Schwelzerlsche Bankgesellschaft said. The bank saidReuter - 114 words
-
355 1977-09-17 11 Reuter TOKYO, Frl. Japan today announced a US$465 million (Ssl.3 billion) customs clearance trade surplus for August, more than $1 billion down on the July figure. Informed sources attributed the big fall In the size of the surplus to seasonal factors, Including summer holidays,Reuter - 355 words
-
388 1977-09-17 11 AFP HONGKONG, Frl. Hongkong's total exports of all textiles to the United States for the first year of a new bilateral agreement will be subject to an aggregate limit of 802 million square metres, it was learned from official sources today. TheAFP - 388 words
-
302 1977-09-17 11 AFP TOKYO Frl. Mr. M.D. Llghtowler, commercial attache at the Australian Embassy in Tokyo today denied reports from Brisbane that the Queensland State Government had rejected the final Japanese proposal on the sugar price dispute between Queensland sugar growers and Japanese refiners. Talking with theAFP - 302 words
-
Article183 1977-09-17 11 AFP WASHINGTON, Frl. The Department of Agriculture today estimates this year's world sugar crop at about 89 million tonnes on the basis of mid-summer conditions In the leading producer countries. Its sugar bulletin said that the crop could vary from 87 million to 91 million tonnesAFP - 183 words
-
133 1977-09-17 11 UPI NEW YORK, Frl. Mayor Abraham Beame announced yesterday New York City will host the first annual world banking congress next month. Finance ministers, central bank presidents, foreign stock exchange officials and bankers from around the world will attend the five-day convention, Mr.UPI - 133 words
-
Article190 1977-09-17 11 AFP WASHINGTON. Frl. Lockhead and General Electric of the United States can go ahead with servicing Egypt's 200 "MIG" lighter aircraft if they get the contract. US Assistant Secretary of State for the Middle East. Alfred Atherton, said last night. Mr. Atherton, testifying before the InternationalAFP - 190 words
-
192 1977-09-17 11 THERE are good prospects of Singapore-based Insurance companies doing reinsurance business In Vietnam, according to Mr. R.E. Walker, a British Insurance broker. Mr. Walker, managing director of Hogg Robinson (Far East) one of the leading brokers of Lloyd's of London visited Vietnam recently to explore192 words
-
Article61 1977-09-17 11 AFP TOKYO, Frl. A Japanese mission will be sent to North Korea this year to find ways to promote trade between the two countries. It was learned today. According to sources close to the Japan-Korea Trade Association, a private group promoting Japan-North Korea trade, plans to promote Japan'sAFP - 61 words
-
199 1977-09-17 11 AP BRUSSELS. Frl. Effective measures against the Arab trade boycott of Israel would require laws In all the industrial countries to declare It Illegal, the European Commission the Common Market executive has told a member of the British Parliament. Mrs. Owyneth Dunwoody. aAP - 199 words
-
Article168 1977-09-17 11 UPI BANGKOK, Frl. Thailand's appointed parliament today passed a record US$4.O5 billion (559.88 billion) budget for the next fiscal year, almost half of It for defence. The budget, for the year beginning Oct. 1. Includes appropriations of $737.3 for the Defence Ministry and $913.5 for Interior,UPI - 168 words
-
Article112 1977-09-17 11 UPI BANGKOK, Fri The export of Thai natural rubber haa increased in the first •even months of 1977 compared to exports both in volume and value over the same period last year, according to Bangkok Bank report. The report said in the first seven months ofUPI - 112 words
-
Article36 1977-09-17 11 LABUAN, Frl. There is growing speculation that the coal mining industry at Tanjong Kubang here may be revived. The mine had yielded about 600,000 tonnes of coal In 30 years of production.36 words
-
Article393 1977-09-17 11 AFP LONDON. Frl. The London rubber market Is currently trading close to Its highest levels this year following reports of Increased buying interest at origin by the Soviet Union and China, as well as the possibility that the United States may start active stockpiling Over theAFP - 393 words
-
222 1977-09-17 11 THE Diamond Importers Association of Singapore Is Interested In participating In the World Federation of Diamond Exchanges congress to be held In Tel-Aviv In Israel next year. Mr. J. Plnsler, its secretary, said the association is taking steps to ensure Singapore's participation in the222 words
-
174 1977-09-17 11 KUALA LUMPUR, Fri. The government has been urged to Increase substantially the Ms4oo million ailoted to the special fund for low-cost housing which Is administered by Malaysia Building Society Bhd. The call was made by the Housing Developers Association of Malaysia which felt174 words
-
Article169 1977-09-17 11 AFP MANILA, Frl. Reports of recent oil discoveries In Philippines have spurred activity on the country's stock market. Since the end of last August,, prices of oil Issues have Increased by 10 to 66 per cent, reaching their highest so far for this year InAFP - 169 words
-
123 1977-09-17 11 AP NICOSIA, Fri. Mr. Mohammed Ahmed Mahgoub, Commissioner General of Arab Boycott of Israel, said today 80 per cent of world companies and firms have abided by boycott regulations. ''The success in having these companies heed boycott regulations was a result of the ArabAP - 123 words
-
Article102 1977-09-17 11 UPI BANGKOK, Frl. The Secretary of the Thai Board of Trade (BOT) admitted that Thai maize and peanut oil contain carcinogenic aflatoxln but Insisted the amounts are too small to be dangerous. Mr. Thapana Bunnag said aflatoxln in maize comes from a kind of fungus that growsUPI - 102 words
-
Article137 1977-09-17 11 Reuter KUALA LUMPUR, Frl. Malaysia today signed an agreement in Warsaw to avoid double taxation with Poland, the first of Its kind to be reached by Malaysia with an East European country. It was announced here. An official statement said Deputy Finance Minister Richard HoReuter - 137 words
-
Article139 1977-09-17 11 WASHINGTON, Frl. A Canadian agricultural economist, W. David Hopper, has been appointed World Bank vice-president in charge of South Asian operations, the bank announced yesterday. Mr. Hopper, 50, now Is president of the International Development Research Centre In Canada and will assume his new139 words
-
547 1977-09-17 11 Reuter KUALA LUMPUR, Frl. Malaysian Prime Minister Datuk Hussein Onn leaves here on Sunday for Japan for detailed talks with Prime Minister Takeo Fukuda on Japanese economic assistance for his country's current five-year development plan. Datuk Hussein told newsmen recently that theReuter - 547 words
-
247 1977-09-17 11 JAPANESE manufacturing companies, have extremely low paid-up capital but very high annual turnovers compared to their Singapore counterparts. This Is one of the impressions a 10-member Singapore Manufacturers' Association study mission of small and medium-sized metal Industries got from Japan. The mission was247 words
-
167 1977-09-17 11 KUALA LUMPUR, Frl. Major record companies in Malaysia are proposing to form a record manufacturers' association In an effort to combat piracy of records and pre-recorded cassettes and cartridges. A spokesman for EMI (Malaysia) Sdn. Bhd. said the problem of piracy had grown out167 words
-
Page 11 Advertisements
-
Advertisement459 1977-09-17 11 APPOINTMENTS URBAN (Uf I REDEVELOPMENT authority The Urban Redevelopment Authority invites applications to fill the post of: RESEARCH OFFICER i Qualifications: A good Honours Arts Degree from a recognised versity preferably in Business Geography, Economics and B Sc (Estate Manage ment). Holders of recognised management degree may be considered. Duties:459 words
-
-
Article365 1977-09-17 12 Reuter LONDON. Frl. UK companies with internationally known names are likely to retain the Interest recently shown in Eurobonds as a means of long-term financing. primary bond market sources said. They said the current weakness In the secondary market, as the yield gap between EurobondsReuter - 365 words
-
Article, Illustration753 1977-09-17 12 FINANCE companies must make an "Immediate and positive" response If they are to weather changing business conditions and If they want to expand their range of financial operations. These points were asserted yesterday by the Monetary Authority of Singapore's banking department manager. Mr. Tang Wee753 words
-
Article, Illustration1075 1977-09-17 12 SINGAPORE Airlines' hotel investment in the Philippines. Tradewlnds Hotel in Manila, has been affected by the price-war there and will continue to operate at a loss for many years to come. This grey assessment of the situation was given by Tradewlnds' general1,075 words
-
234 1977-09-17 12 A TRADING firm, Seng Bee Hang, yesterday denied liability for a sum of $954,433 it allegedly owes to Ittsinco, a firm of commodity brokers. Insinco of North Canal Road is suing See Bee Hang of Anson Road for the sum allegedly on contracts between234 words
-
Article70 1977-09-17 12 Reuter WASHINGTON. Fn. Panama Canal tolls could rise oy 30 per cent over the next 23 years of Joint US Panamanian operation of the waterway, representatives of the American agricultural groups were told yesterday. The estimate was made by Colonel Lawrence Jackley, the Defence Department's specialReuter - 70 words
-
372 1977-09-17 12 Reuter VIENNA. Fri. Opec secretary general Ali Mohammed Jaidah said yesterday it was too soon to predict crude oil prices for 1978, but warned that inflation was still cutting into 011-export-ing revenues. The Opec official said "some adjustment" in prices would have toReuter - 372 words
-
Article782 1977-09-17 12 LONDON. Frl. Government bonds featured following strong interest for the first time traded new long tap, dealers said. The 12 per cent 1995 Treasury Issues attracted heavy early buying and closed around 7/8 below best levels at a premium of £2 3/4 on the partly paid price of782 words
-
Article121 1977-09-17 12 QUEEN'S Counsel, Mr. D.G. Widdlcombe, was admitted to the Singapore Bar yesterday to represent Mr. Howe Yoon Chong, a senior civil servant, in an appeal case involving the Chief Assessor of the Property Tax Division. The petition for his admission was approved by Mr.121 words
-
Article95 1977-09-17 12 ACE Singapore, which supplies air-condltloning equipment, will hold a seminar on special alrcondltlonlng systems for the optimum operating environment for modern computers, on behalf of the Denco International Group and Atlas Air, of Australia. The seminar will be held on Sept. 19 and 20. at the Regional95 words
-
220 1977-09-17 12 THE Singapore Packaging Award instituted by the Singapore Manufacturers' Association, has been won this year by GPG. Out of 46 entries from 20 companies, the plastics group was Judged top overall with its "Plastic Trade" entry. The selection was made yesterday by six220 words
-
Article50 1977-09-17 12 SOFT drink bottlers will raise the wholesale price of drinks from $3.70 a crate of 24 bottles to $4.30 and not from $4.30 to $4.90 as reported in yesterday's Issue of Business Times. This works out to a two and a half cents Increase per soft drink bottle.50 words
-
284 1977-09-17 12 WORKERS in Singapore should be prepared to accept alternative Jobs as changes in the next 10 years make some Jobs redundant and others obsolete through increasing mechanisation. There will In fact be a need for about 300,000 new Jobs over these 10284 words
-
151 1977-09-17 12 HOPES for an early resolution of the Wei Glap Construction winding-up case were dashed at the High Court yesterday. The company was granted a one-month adjournment on its hearing after petitioners Intraco filed an affidavit in response to the affidavit filed by Wei151 words
-
Page 12 Advertisements
-
Advertisement339 1977-09-17 12 FROM FEDERAL PUBLICATIONS LIM BIA N YAM A c a step-by-step guide An easy to-understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger of even the veriest novice. The joy of this book, however, is339 words
-