The Business Times, 30 September 1977
1977-09-30
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The Business Times
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Title Section10 1977-09-30 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, SEPTEMBER 30, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article76 1977-09-30 1 Reuter NEW YORK, Thurs. The British and French today won another round in the complex legal tussle to start regular services by their Concorde supersonic Jetliner Into New York's Kennedy Airport, the lucrative route essential to the plane's commercial success. A US Court of Appeals gave Concorde permissionReuter - 76 words
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Article74 1977-09-30 1 AFP LONDON, Thurs. Raw sugar prices hit a fouryear low on the London market today on continued heavy selling by the European Economic Community. Reports of a record EEC sugar beet crop of 11.1 million tonnes, up from 10.5 million tonnes last year, was also a factor.AFP - 74 words
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Article70 1977-09-30 1 AFP MANILA, Thurs. The Asian Development Bank today approved a US$45 million (Ssl 10.25 million) loan and technical assistance to the Philippines for a road Improvement project in the main Islands of Luzon, Vlsayas and Mindanao. To be drawn from ADB's ordinary capital resources, the loanAFP - 70 words
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Article64 1977-09-30 1 AFP TOKYO, Thurs. Japanese exports of colour television sets in August sagged to 366,000 sets, a decrease of 13.7 per cent from a year earlier, the Japan Electronic Industries Association announced today. The Association attributed the decline to decreased colour TV exports to the United States whichAFP - 64 words
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Article70 1977-09-30 1 AFP TOKYO, Thurs. Japan's car exports in August rose 14.5 per cent over a year before to total 333,784 units on the strength of a 39.9 per cent gain In shipments to the United States, the Japan Automobile Manufacturers Association reported today. The total was a newAFP - 70 words
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Article73 1977-09-30 1 UPI NEW YORK, Thurs. Stocks headed higher early today in active trading In response to the Commerce Department's report of a 0.8 per cent in its August index of leading economic indicators. The Dow Jones Industrial average, which fell 1.13 points yesterday to a 21 month low, wasUPI - 73 words
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Chief Price Changes
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Article, Illustration194 1977-09-30 1 TRADING on the Stock Exchange of Singapore yesterday continued to be confined to a handful of counters, mainly in Section Two of the market. After a shaky start, prices picked up as buyers came on the scene. The market closed generally higher with gains outnumbering losses by194 words
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Article106 1977-09-30 1 Rises Most active O Lumber 0.09 .15* O. Lumber 156,000 146,000 97,000 78,000 14 M Toshiba OCBC 2.80 0.00 +.10 .10 Olympla O. Ceramic M Flour 3.18 +0.8 Sim Llm Dutch Baby 1.26 Sentrtta 1 04 +0.7 .06 .06 Total Turnover: l.« PacDev 2.72 Total Value: M82.73106 words
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397 1977-09-30 1 THE Postal Services Department has introduced a number of postage Incentive schemes to promote Singapore as a mailing and distribution centre. The incentives are offered to encourage bulk senders of magazines, publications and promotional mail, and to Increase their scope and range of397 words
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Article, Illustration701 1977-09-30 1 SOH TIANG KENG - SOLVING THIRD WORLD'S WOES By SOH TIANG KENG SINGAPORE'S Minister for Culture, last night highlighted the fact that there are two sides to the question of how best the developed countries can help both Asean and developing nations In general. While In701 words
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438 1977-09-30 1 UPI LONDON. Thurs. Brazil made a fighting defence of the high price of coffee today and urged new measures to keep It high. Dr. Camlllo Calazans, president of the Brazilian Coffee Institute and perhaps the most powerful single man In the coffee world,UPI - 438 words
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315 1977-09-30 1 UPI WASHINGTON, Thurs. The Commerce Department said today the government Index designed to forecast future economic trends rose 0.8 per cent In August an indication the nation's sluggish economy may snap back from Its summer-long lull. The Department's analysts also announced an upward revision InUPI - 315 words
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233 1977-09-30 1 NORMAL trading has resumed at stockbrokers Summit Securities following the settlement of a dispute between one of the partners, Mr. Bona venture Chew Teck Kim, and the other directors of the company. Mr Chew's resignation from the company In what has been described by233 words
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247 1977-09-30 1 Reuter WASHINGTON. Thurs. Singapore expects to wait months before knowing whether it can become a beneficiary of disbursements from the IMF trust fund, Monetary Authority of SingaCre managing director ichael Wong Pakahong, said. Members of the Singapore delegation to the IMF/World Bank annualReuter - 247 words
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520 1977-09-30 1 HEWLETT Packard Singapore (HPS) la soon to embark on a technology transfer programme that will add significantly to the skill development of Singapore's labour force. Revealing this yesterday, Mr. William Hewlett, president of the HewlettPackard Company, said that the production of HP's oscilloscope,520 words
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Article95 1977-09-30 1 THE US dollar continued Its downward slide on all fronts when the London foreign exchange market opened yesterday. It weakened especially against the Swiss franc, to an all time low of 2.***** francs from 2.3505. Gold selling prices slumped in tandem from U*****.87 an ounce to95 words
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Page 1 Advertisements
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Advertisement13 1977-09-30 1 Get advanced copying technology i i" Minolta SEE PAGE 3 SEE PAGE 3 "+\>:`}>&`)]/\$>.&+'|%}_^('&_*[13 words
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Advertisement105 1977-09-30 1 tor quality gifts and souvenirs I Selangor Pewter has long been admired by connoisseurs the world over for its elegance and beauty. Individually handcrafted from 97% lead free Straits refined tin.the beauty of quality pewter never dates. Functional as it is decorative, Selangor Pewter is the ideal gift. Selangor Pewter105 words
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Advertisement87 1977-09-30 1 ST SINTAT Rent-a-Car wcHiDAtot Pfstßvann\ Singapore: *****55, *****5 (Airport) Kuala Lumpur: *****6 Penang: ***** VJU AGf»2T$ \V. Black-Max Tunnel Groove Slalom \V \JU KING COMPANY AIL LINES OF SPORTS S I f J LEISURE TIME PROOUCTS I 731 RA»fces»t.ACi I > SIMGiU-OHE TIL. <i*M «10T?? Black-Max TG. 2 P^c. MHwpny87 words
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OVERSEAS
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Article308 1977-09-30 2 Reuter MANILA, Thurs. The Philippines Council for Print Media, the publishers' press watchdog committee set up since martial law to oversee press standards, has accused some Journalists of accepting money to ensure certain stories Are published. The accusations, now stirring controversy among members of the press,Reuter - 308 words
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964 1977-09-30 2 SHARP DIFFERENCES FT LONDON, Thurs. The international business community's efforts to hammer out an agreed code of conduct to fight the growth of bribery In world commerce are running Into problems because of sharp differences over the toughness and scope of the rules required.FT - 964 words
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Article76 1977-09-30 2 AFP MOSCOW, Thurs. France is ready to buy Soviet uranium, oil and natural gas, French Premier Raymond Barre said here today. In return, however, he called on the Soviet Union to step up Its Imports of French Industrial and manufactured goods. Mr. Barre told the opening sessionAFP - 76 words
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472 1977-09-30 2 Reuter WASHINGTON, Thurs. As world financial leaders near the end of a five-day meeting here, signs are emerging that the "Big Three" Industrial countries the United States, West Germany and Japan will no longer be carrying the burden of world economic recoveryReuter - 472 words
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Article400 1977-09-30 2 AP ROME, Thurs. The world wheat harvest In 1977 will decline from the record highs of 1976, but the coarse grains harvest will register Increases, according to a report released by the UN Food and Agriculture Organisation (FAO). FAO's 1977 wheat crop forecast has nowAP - 400 words
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Article165 1977-09-30 2 Reuter LONDON, Thurs. Representatives of some 20 countries opened a 10-day meeting here yesterday to seek common ground for a new International wheat agreement. Discussion was expected to centre on a United States Eroposal calling for the ulldlng up or reserve stocks of wheat toReuter - 165 words
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Article100 1977-09-30 2 Reuter BONN, Thurs. West German Economics Minister Hans Frlderlchs told Parliament yesterday he would resign from the government on Oct 7. Mr. Frlderlchs, a member of the Free Democratic (Liberal) Party, announced earlier this month he was quitting all his political posts to JoinReuter - 100 words
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452 1977-09-30 3 AP CHICAGO Thurs. -The chairman of Zenith Radio Corp., which plans to terminate 5,000 American workers In favour of overseas television assembly operations, charged yesterday that the US government has failed to act against what he termed international trade violations byAP - 452 words
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219 1977-09-30 3 AP Reuter ANTWERP, Thurs. Esso SA the Belgian affiliate of the giant American oil firm Exxon, denied yesterday It had made any illegal payments to political parties or officials in Belgium. But a company spokesman said Esso had made two legal donations totalling US$2,OOO (554.880)AP; Reuter - 219 words
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Article141 1977-09-30 3 AFP CANBERRA, Thurs. The Esso oil company has contributed more than A 520.000 (5553,800) to Australian political parties In recent years, a company executive has confirmed. The payments, which Included a $10,000 contribution In 1972 (when the Whltlam Labour government was elected), went to all theAFP - 141 words
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127 1977-09-30 3 Reuter VIENNA, Thurs. Finance Ministry officials yesterday denied persistent rumours that Austria is planning to devalue the schilling, one of Europe's strongest currencies. They said speculative reports about an Imminent devaluation, to help offset a serious trading Imbalance, were complete nonsense. Chancellor Bruno Krelsky also headedReuter - 127 words
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Article126 1977-09-30 3 AFP WASHINGTON, Thurs. A compromise on Jhe ceiling price of natural gas closed a 37-hour marathon session of the US Senate last night and enabled Senators to avoid their second sleepless night in a row. The session was dragged out by a "filibuster" by twoAFP - 126 words
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Article46 1977-09-30 3 Reuter HONGKONG, Thurs. China looks forward to a bumper rice harvest this year, the New China News Agency reported today. "This year's early rice harvest was good, the midseason Intermediate crop promising, and late rice is now growing well," the agency said. Reuter.Reuter - 46 words
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102 1977-09-30 3 Reuter COPENHAGEN, Thurs. The biggest Scandinavian employer in South Africa, the Co-penhagen-baied East Asiatic Company, announced yesterday it had •greed to end discrimination against its nonwhite workers there. A company spokesman said East Asiatic, an industrial and trading company, had agreed to adhereReuter - 102 words
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Article247 1977-09-30 3 Reuter LONDON, Thurs. Britain's trades union leadership yesterday criticised government sanctions against companies which break official pay guidelines. Mr Len Murray, general secretary of the Trades Union Congress, told reporters after the monthly meeting of Its General Council that this was not the way toReuter - 247 words
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131 1977-09-30 3 AP WASHINGTON, Thurs. The House of Representatives, on Its second try, passed a bill yesterday to raise the celling on the United States national debt and thus enable the government to continue operating. The measure, passed 213 to 202, now goes to the Senate,AP - 131 words
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Article111 1977-09-30 3 Reuter LONDON, Thurs. Britain lost more than twice as many working days through strikes In the first eight months this year than In the same period last year, government figures showed yesterday. The total to the end of August this year was 1,755 stoppages Involving 640,000Reuter - 111 words
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Article60 1977-09-30 3 Reuter LONDON, Thurs. Britain's Price Commission blocked price rises totalling £3,551 million (5515,127 million) In its first four years of operation, according to a government report issued yesterday. In addition, It changed, rejected or forced the withdrawal of more than 0,000 other rises, the report said. Britain's annualReuter - 60 words
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282 1977-09-30 3 AP GENEVA, Thurs. The leading sugar exporting countries could not reach agreement yesterday on how to share the world market, increasing chances the sugar conference will not finalise a new pact by next Friday. On that day the negotiations on a price stabilisation agreementAP - 282 words
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Article261 1977-09-30 3 AP CHICAGO, Thurs. A Federal Court yesterday found the wealthy H. L. Hunt family of Dallas, Texas, guilty of violating regulations governing the trading of soybean futures. US District Judge Frank McGarr said, however, there was little or no remedy he could apply at this time. LastAP - 261 words
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Page 2 Advertisements
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Advertisement978 1977-09-30 2 SIM LIM FINANCE LIMITED (Incorporated la the Republic of Singapore) BALANCE SHEET AS AT 318T MARCH. 1977 6. SUBSIDIARY COMPANY SHARE CAPITAL CAPITAL RESERVE STATUTORY RESERVE PROFIT AND LOSS ACCOUNT Unappropriated profit Total Capital and Reserves Represented by: FIXED ASSETS SUBSIDIARY COMPANY INVESTMENTS CURRENT ASSETS Statutory deposit with Monetary Authority978 words
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Page 2 Miscellaneous
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Miscellaneous698 1977-09-30 2 THE TWO-IN-ONE CROSSWORD 8 19 27 28 CRYPTIC PUZZLE ACROSS Hitches a horse In a ship (5) Accommodation for Moahe Accommodation for l« day In, with little sunshine about (5) 12 Guards valuables (7) M If tin's melted, It will be suitable (3, 2) U Very food at baking? (2)698 words
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Page 3 Advertisements
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Advertisement286 1977-09-30 3 Abu Dhabi Copenhagen Istanbul Muscat Rawalpindi C'L I 2'' .nW S K Amsterdam Jeddah Damascus New York Rome L'l Cairo Colombo Dubai Lahore Peshawar Frankfurt London Quetta Tripoli .igmiWm L Zahedan Look where you can fly to on Pakistan International from Singapore Pakistan International flies to more places than most286 words
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Page 3 Miscellaneous
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Miscellaneous309 1977-09-30 3 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Sept 29 at Singapore airport. Maximum Temperature 31.5° C Associated Humidity 65 Minimum Temperature 23.4° C Associated Humidity 100 Hours of Sunshine 5.90 Rainfall in Millimetres 0.8 Total Rainfall for the Month <216.9 Total Rainy Days for the309 words
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COMPANY NEWS
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841 1977-09-30 4 METRO HOLDINQB Is planning to set up another department store In the busy Orchard Road area. The company, which presently operates a store at Scotts Road, says agreement In principle has been reached with the Far East Organisation Centre to lease approximately841 words
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506 1977-09-30 4 SUPREME Corporation's group earnings for the year ended June 30,1977, romped ahead to M 55.97 million from $1.91 million a year ago mainly due to the high tin prices and production as well as the inclusion of a $3 million profit taken on506 words
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Article, Illustration1024 1977-09-30 4 KUALA LUMPUR: A glance at a newspaper advertisement one afternoon when he was sitting at his desk at the Ford plant at Da genham, London, started Mark Gent's association with Guthrie Corporation. He was 27 when he threw up his Job at1,024 words
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Article48 1977-09-30 4 THE Sumitomo Electric Industries' US$2O million six per cent convertible bonds 1992 will be quoted on the Stock Exchange of Singapore today. Quotations will be expressed as a percentage of its principal value (excluding accrued interest) and trading will be done on a ready basis only.48 words
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Article180 1977-09-30 4 ORIENTAL HOLDINGS Group pre-tax profit M 55.00 million ($3.47 million) for the first six months ended June 30, 1977. Gross revenue $28.27 million ($13.61 million). Attributable earnings $2.44 million ($1.86 million) after tax of $2.59 million ($1.65 million) and minorities $30,000 (same). Parent company pre-tax profit $732,000 ($739,000)180 words
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COMPANY MEETINGS
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29 1977-09-30 4 THE following company meetings are due: Sept 30 at 10.30 a.m. at the Registered Office, 197 A, Batu 4 3/4 Jalan Scudal. Johore Baru.29 words
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Article21 1977-09-30 4 Oct 3 at 11.30 a.m. at the Regent VII room. 2nd floor, Regent Hotel. Jalan Imbl, Kuala Lumpur.21 words
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Article565 1977-09-30 4 4 Current Ex Date Total for Total for 1 layment Date payable the year previous year International Wood 10%TE Aug 8 Sept 30 10%TE nil Pahang Consolidated 10* Aug 3 Sept 30 15% 10% Keck Sen* 10%I Sept 5 Sept 30 10%I YeoHiapSeng(M) 10HI(d) Sept 5 Oct 3565 words
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Article304 1977-09-30 4 REFLECTING the very limited life left In Its tin mining areas, Kent (FMS) Tin Dredging suffered a drastic drop In pretax profit In the first six months to June 30, 1977. Despite the higher tin price, unaudited pre-tax profit was nearly halved to $205,500 from $408,777 during304 words
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871 1977-09-30 4 NYT WASHINGTON, Thurs. "Gentlemen: Your arrogance and power-madness is evidenced In this release," the writer concludes In a single page, hand-scrawled note. "Ultimately," states another, "the question becomes: How long can the Securities and Exchange Commission close itsNYT - 871 words
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Article1311 1977-09-30 4 On Sept 28 TRADING in options on the Chicago Board Options Exchange came to 83,440 contracts on Wednesday, compared with 100,818 contracts on Tuesday. OPTION OCT JAN APL STOCK Alcoa Alcoa, Alcoa Alcoa Am Tel Am Tel Am Tel Alt R AUR Avon Avon Bank Am Bank1,311 words
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Page 4 Advertisements
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Advertisement142 1977-09-30 4 MITSUI TRUST Beacon of Progress in a U >, Now at Shenton Way The Only Japanese Trust Bank Office in Singapore. We are Japan's oldest trust hank and command a key position in the Mitsui Group. Our services are worldwide in scope. We have the research capability, a worldwide network142 words
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INTERNATIONAL COMPANY NEWS
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395 1977-09-30 5 NORTH AMERICAN COMPANIES Reuter MOBIL CORP chairman Rawlelgh Warner told analysts he would not be surprised If third quarter 1977 earnings were somewhat below the third quarter 1976 period. However, the fourth quarter will be better than the third, he said. In thirdReuter - 395 words
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337 1977-09-30 5 Reuter CITIES SERVICE has contacted a number of major copper consumers about possible changes In Its pricing system, according to company customers, who asked not to be Identified. They said they expect Cities Service to make a decision on the matter shortly. One ofReuter - 337 words
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339 1977-09-30 5 Reuter FORD MOTOR will have a fairly good earnings prospect through to the first half of 1978, Ford president Lee lacocca said following a presentation to a group of financial writers. Mr. lacocca declined to protect what earnings would be, but said Ford's share ofReuter - 339 words
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265 1977-09-30 5 LOCKHEED AIRCRAFT Corp said It reached a revised credit agreement with Its 24 lending banks, eliminating a six-year-old government guarantee for Its debt. The firm said In a statement "release of the guarantee and establishment of the new US$lOO million revolving credit reflects the substantial265 words
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144 1977-09-30 5 Reuter THE American Stock Exchange said Its membership at a special meeting approved amendments to the exchange constitution that broaden access to the Amex options market. The amendments offer up to 150 new options seats and provide for the rental of all classesReuter - 144 words
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102 1977-09-30 5 Reuter POLAROID Corporation said on Tuesday It plans to introduce Its Polavision instant colour movie system in California in November. The company said the Polavision system Includes fihototape cassettes, a ight-weight, hand-held camera and a compact table-top player. It said the phototape cassettes recordReuter - 102 words
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Article44 1977-09-30 5 AMAX Inc said that workers at its Carteret, New Jersey copper plant overwhelmingly approved a new contract, thus ending an almost three-month-old walkout. A company spokesman said the settlement was along the lines of earlier agreements reached by other copper producers.44 words
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100 1977-09-30 5 WASHINGTON, Thurs. Mexican Finance Minister Julio Rodolfo Moctezuma said his country's US$l.2 billion Eurodollar credit was substantially oversubscribed by banks taking part. The loan Is for seven years at per cent over the London Interbank Eurodollar offered rate, to be repaid in nine equal semiannual Instalments beginning100 words
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661 1977-09-30 5 AT T shares steady despite upheaval NYT NEW YORK: Many blgcapltallsatlon stocks have been rocked in price this year In the wake of dividend cuts or Wall Street estimates of lower earnings, Bethlehem Steel being the latest example. Bethlehem, No. 2 In the Industry after United States Steel, reduced ItsNYT - 661 words
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285 1977-09-30 5 ASIAN COMPANIES Reuter SYDNEY, Thurs. Hanimex Corp expects to raise profit further In Its current trading year but the rise will not be of the same order as the near 100 per cent Increase for the year ended June 30, 1977 managing director JackReuter - 285 words
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221 1977-09-30 5 UPI TOKYO, Thurs. The Japan Soda Industry Association has lodged an appeal to the Nagasaki prefectural government to retract Its offer to Invite Dow Chemical Co to build a caustic soda plant at the Harlo Industrial complex In Sasebo. Association officials saidUPI - 221 words
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Article122 1977-09-30 5 AFP MACAO. Thurs. The French company. Soclete Francalse d'Entreprlses De Dragages Et Travaux Publics on Tuesday signed a HKJ4.S million contract with the local company. Concordia Ltd., for dredging a channel and building a dyke on Macao's offshore Island of Coloane. Concordia Is building a HKSISOAFP - 122 words
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Article104 1977-09-30 5 Reuter MELBOURNE. Thurs. Western Mining Corp's f>roposed Eurobond Issue is lkeiy to be oversubscribed but the final amount has not yet been settled, a company spokesman said. Earlier, issue lead manager, S.O. Warburg and Co, said the issue amount had been raised to US$5OReuter - 104 words
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Article89 1977-09-30 5 Reuter TOKYO .ThUrt Foreigners Invested a net US$B5 million in Japanese bonds and debentures In August, slightly lower than the 995 million In July, the Finance Ministry said. They bought $294 million In July, and sold 9209 million worth, against 9175 million in July. NetReuter - 89 words
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Article150 1977-09-30 5 Reuter TOKYO, Thurs. Yokohama Rubber Co said It is considering cutting Its 1977 dividend from the four yen per share paid for 1976 because of Its defective tyres problem. The company, 33.6 per cent owned by B.F. Goodrich Co of the US, told the Transport MinistryReuter - 150 words
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Article157 1977-09-30 5 Reuter TOKYO, Thurs. Toray Industries said Its business outlook Is still fluid despite the return to profit for the year ended March 31, 1977. The company made a consolidated net profit of 532 million yen for the year compared with a loss of 16.86 billionReuter - 157 words
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121 1977-09-30 5 Reuter ADELAIDE, Thurs. Minor quantities of oil recovered from the Poolawanna No. One well in the Pedirka Basin, South Australia, are not regarded as commercial. Delhi International Oil Corp reported. A drill stem test over the Interval 2,467 to 2,471 metres in theReuter - 121 words
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Article83 1977-09-30 5 AP SUVA (Fiji), Thurs. South Pacific Food Pty., an Australian company, is investing Fiji $100,000 In reviving fruit growing and processing In the Slgatoka Valley area of FIJI. Managing director Peter Holdsworth said 200 farmers financed by his company would produce a record of 009AP - 83 words
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Article68 1977-09-30 5 UPI TOKYO. Thurs. A glass manufacturing company has marketed a soundproof glass chamber that allows owners to play musical Instruments of any kind without disturbing their neighbours. Nippon Sheet Glass Co officials said the chamber, named the "Live Studio," is composed of 10-mlllmeter-thlck glass sheets and canUPI - 68 words
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Article71 1977-09-30 5 Reuter TOKYO .Thurs—The Tokyo Stock Exchange said the outstanding balance of buying in margin trading on the Tokyo, Osaka and Nagoya stock exchanges at Sept 24 rose to an all-time high of 974 billion yen from the previous record of 960 billion a week before. It said the outstandingReuter - 71 words
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469 1977-09-30 5 EUROPEAN COMPANIES Reuter CHICAGO, Thurs. Royal Dutch/Shell Group's planned investment In production outside North America over the next five years could total US$5.5 billion, with perhaps three quarters of It In Western Europe, senior managing director C.C. Pocock told financial analysts. The company plans substantialReuter - 469 words
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Article109 1977-09-30 5 Reuter AMSTERDAM, Thurs. Dutch Finance Ministry approval for the setting up of the European Options Exchange (EOE) here has not been granted yet, but talks are continuing and no delay is expected to the start of trading, ministry and exchange spokesman said. Although a formalReuter - 109 words
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Article95 1977-09-30 5 Reuter FRANKFURT, Thurs. Major Euromarket banks are discussing a possible large Eurocredlt for Spain, Eurocurrency bankers said. Details are not yet clear and no bank seems to have been awarded the mandate yet. The amount Is unlikely to be as high as the US$l billion Euro-borrowing SpainReuter - 95 words
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Page 5 Advertisements
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Advertisement123 1977-09-30 5 A luxurious and comfortable split-level Largest Hilltop Garden House in Thomson area GOLDEN HILL PHASE 5 OJ L-U Ai y' V i-i J, HILLTOP 2-STOREY SPLIT-LEVEL I SEMI DETACHEDJ BUNGALOW HILLTOP 2-STOREY SPLIT-LEVEL TERRACE HOUSE •LUXURY FVTTIIIGS FREEHOLD LAND LOAN INSTALMENT PKOMPT DEUVEKY 'BOOK IMMEDIATELY -AVOID DISAPPOINTMENT! STATUTORY LAND GRANT123 words
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Article2315 1977-09-30 6 Gr'» Gr'i Net twn Last div Div yH P/E Vol Day Low Company Sale +or- C'VT C600) High Low 8ECTION ONE INDUSTRIALS 154 135 Acma 136 +1 12.ON 1.8 8.8 6.3 3 137 136 204 172 Alcom 172 10.0 0.5 5.8 27.7 116 58 Allied Choc 1052,315 words
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Article1286 1977-09-30 6 BID and offer price* officially luted and busine** In and repotted to the Stock Exchange of Singapore yesterday with the number of shares traded shown brackets In lots of 1.000 units unless otherwise specified All Time Settlement Contracts are quoted after the word •Sett." Bl* Hoard deal.*1,286 words
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Article1449 1977-09-30 6 BID and offer prices officially luted and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In Jots of 1.000 units unless otherwise specified. INDUSTRIAL* Aunt (1.348 1.408). Alitffl (1.708 1.788). A. Chaa (1.038 1.048) (4)1,449 words
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Article61 1977-09-30 6 STRIKING pricea of the stock options officially listed on the Stock Ex-' change of Singapore, the periods, bid and offer pricea and business done yesterday, with the number of options traded shown in brackets. C and C (Dec $1.00) (0.3B). DBS (March $3.60) (0.20B). (Dec $3.60) (0.158 0.3243).61 words
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Article154 1977-09-30 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager* price for Sept 301 (Current pi rvn The Commerce 1.73 183 INCOME BOND 1.07 1.13 The Saving Fund 103 108 S pore Prog Fund 0.82 0.87dx MARA BUMIPUTRA FUND S'pore Security (Manager*' price* for Sept 39) Fund 1 54 1.63 First154 words
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Article163 1977-09-30 6 B O T 8 1/2% IMI (100,000) (103*B 103*8) B O T 7 5/8% 1984 (100,000) (998 99*8) L T C B J 1982 (100,000) (98*B 995) Credit Lyonnaia Floating 1983 (100,000) (98*B 98*8) DBS Convert* 6 1/2% 1891 (100,000) (97*8 97HS) D B S 8 1/2% 1982163 words
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Article115 1977-09-30 6 Rep Spore D Mark 7% 1882 (100.000) (100%8 101SS) Rep Spore C 1/2% I*B3 (100.000) (90 7 48 100V«S) Rep Spore 7 3/4% I*B7 (100,000) (100%8 100*S) 4 3/4% 1/5/7# (250.000) (100.408 100 60S) 5 1/4% IS/10/7* (250,000) (101.SOS) 4 3/4% 16/9/80 (250,000) (99.708 99.855) 6 3/4% 15/8/80115 words
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Page 6 Advertisements
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Advertisement177 1977-09-30 6 Confront Singapore s decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these177 words
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Article, Illustration648 1977-09-30 7 SENTIMENT Unproved a little in lack-lustre trading on the Stock Exckaage at Singapore yesterday. Trading was still rnnflnsil to a boat a score ef counters, mainly in Section Two eftke market wkere shortcovering was rife. Prom tke low volume, it would appear tkat tke market kad not been648 words
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Article407 1977-09-30 7 BMALL gains were recorded across-the-board on the Kuala Lumpur Stock Exchange yesterday as sentiment took a slight turn for the better. The bulk of the price Increases was In the range of one to two cents, with most of the shares reacting higher in low407 words
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STOCK MARKETS
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Article315 1977-09-30 7 HONGKONG: The market closed slightly easier In quiet trading on Thursday, with Interest centring on blue chips, dealers said. The Hang Seng Index was down 0.65 point to close at 416.43 points. Hougkeng Bank fell 20 to HK$eT7O7 While Heagkeng Lead, Hutckisea, Jardlae Matkesea, Swire Pacific and Whuliek 16—dsn315 words
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Article461 1977-09-30 7 TOKYO: Share prices roae sharply over a wide front on Thursday, dealers said. The Dow Jones average rose 42.29 points to close at 2,5264.74, with volume 290 million shares. The New Index was 390.93, up 2.80. Constructions and civil engineerings advanced on Increased government orders following the recent reflatlonary461 words
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Article389 1977-09-30 7 BYDNEY: Banks and golds were firm while Industrials and mines closed mixed on Thursday, dealers said. The Sydney All-Ordlnarles dropped 1.08 points to close at The Waiss, National and CBA all firmed, and Central Nvnman and Emperor gained on the higher gold price. Among Industrials. BHP fell 12 to389 words
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Article110 1977-09-30 7 MANILA: The market closed firm on Thursday, with all sectors advancing, dealers said. Turnover was slightly down from Wednesday's 8.5 million to 8.4 million pesos. SEPT Peso* Acoje Mining AtUu Con. A Atlas Con. B Bagulo Gold BencuetCon. B BF Goodrich CDCP Inco B Lepanto B M&rlnduque B Meralco110 words
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Article114 1977-09-30 7 8 KPT BahU I Ada Fibre 195 +9 Bangkok Bank 3tl ♦1 Bangkok Invest 27* ♦4 Bangkok-Metro-politan Bank 2*906 -19 Bata 700 -9 BerllJucker 444 -1 Cliaiooig Thai Wire 219 •19 Dumex Duslt Thanl Paber Merlin Plrst Trust 236 +32 Oenera Finance 270 4-2 Indo-Thai Industrial Finance Corp *****114 words
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Article270 1977-09-30 7 AMSTERDAM: The market feU across a broad front in line with Wall Street on Wednesday, dealers said. Dutch internationals recorded losses of between 0.40 and 0.80 guilders. Insurances resisted the general downward trend and the sector closed mixed. Aariks and Eania rose 0.20 and 0.60 respectively. Among isolated gainers270 words
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Article171 1977-09-30 7 BRUSSELS: Moat Belgian shares were lower In fairly active trading on Wednesday, market sources said. Against the trend, Uaorg and Cokarill rose, while Traction, which earlier said this year's dividend should be at least equal to last year's firmed slightly. Among losers were Sofiaa, Sidro, Union Mlnioro, Vioillo Montagae,171 words
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Article313 1977-09-30 7 FRANKFURT: Shares closed higher on Wednesday, with Increased turnover on domestic and foreign Investor buying, market sources said. Among principal movers Deatscke Bank gained six marks. Auto shares were up to 3.90 higher (BMW) and firmed up to 2.50 Bectrtcals gained up to 2.30. Laftkaasa shares were very firm,313 words
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Article171 1977-09-30 7 MILAN: The market on Wednesday cloeed easier around the day's lows after a higher opening, as renewed selling pressure depressed sentiment, dealers said. Montedisoa, Smia Viscose, Plat and both Pirelli were among leading industrials to show losses, while Anic was marginally higher and both Olivetti* were steady against the171 words
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Article347 1977-09-30 7 PARIS: The market firmed In active trading on Wednesday, with London buying absorbing profit-taking, dealers said. The slowing of retail price rises to 0.5 per cent In August was largely discounted, they added. Foods, hotels, printings and metals were mixed, but elsewhere, gains predominated. Banks were mostly strong, with347 words
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Article271 1977-09-30 7 ZURICH: The market closed narrowly mixed with a firmer bias in fairly active trading on Wednesday, dealers said. The Credit Suisse Index rose 0.5 point to close at 240.6 points. Swissair met strong demand after its August traffic report. Among little changed leading banks, Hypothekaobeak Solotkurn eased on some271 words
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Article381 1977-09-30 7 JOHANNESBURG: Golds were higher, reflecting overseas Interest on Thursday, dealers said. Gains In heavyweights ranged up to 75 cents with other shares between five and 20 cents up. Financial minings were quiet. Do Beers was off the top at 500 after 505 (496), while Anamint gained 25 cents to381 words
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Article337 1977-09-30 7 TORONTO: The market closed higher In active trading on Wednesday, with the composite index up more than a point. Gains led losses 183 to 100. American Eagle Pete rose C 23 cents to SI. 18 on 501.450 shares and Oakwood Pete added 27 cents to $3.05. The companies, which337 words
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Article1156 1977-09-30 7 NEW YORK: The stock market meandered through a trendless session and ended on a mlxad not* on Wednesday. Turnover ni light. Analysts said trading continues to be affected by bargain hunting in recently depressed stocks on the one side, and end-of-quarter portfolio adjustments, concern over rising interest rates1,156 words
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Article61 1977-09-30 7 FINANCIAL TIMES INDUSTRIALS Wednesday 519.5 Tuesday 522.0 Week Ago 520.0 DOW JONES AVERAGE INDUSTRIALS Wednesday 834.72 Tuesday 835.85 Week Ago 840.96 LONDON DOLLAR PREMIUM Wednesday 87* to 87* Tuesday 87Vt to 88 H.K. HANG SENG Wednesday closed Tuesday 417.08 Week Ago 420.93 SYDNEY INDUSTRIALS Wednesday 387.34 Tuesday 306.00 Week61 words
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Page 7 Advertisements
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Advertisement485 1977-09-30 7 BUSINESS TIMES Airline Directory Aaroflot Soviet Airlinos 110-112 Show Contro, Orchard Road, (Tol: 377.111) Air Coy lon 902-1, 3rd Floor, Marino Houm Shonton Way, Sinmofo (1) (Tol: ******8) Air Fronco Ground. Floor, ICS Building, Shonton Way Singapore 1 (Tol: *****11) 16th Flow, UIC Building, (Tol: 2205.277) Shonton Way, Singapore 1485 words
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COMMODITY REPORTS AND PRICES
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Article506 1977-09-30 8 THE Singapore rubber market yesterday opened fractionally higher but lack of buying support caused prices to fall back with the current month touching a low of 214.75 cents, dealers said. A minor rally developed at mld-sesslon on some covering support but prices again sagged towards506 words
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Article316 1977-09-30 8 Prices tn cents per kilo yesterday: Noon Clow (per kilo) (per kilo) Int. 1 R.S.S prompt 1 o.b. Buyers Sellers Buyers Sellers 214.00 215.00N 213.25 214.25N Int. 1 R.S.S. October 214.75 215.25 214.00 214.50 Int 1 R.S.S November 216.75 217.25 216.00 216.50 Int. 2 R.S.S. 212.00 213.00N 211.50316 words
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Article110 1977-09-30 8 NOON SSR and SMR prices yesterday Oct oher Novel ■■bar R.A.S. (Current Mth) (Forward Mth) Buyers Sellers Buyer* Sellers (cents P«k|) (cents K»k«l SSR 20 (1-ton pallet) 207.00 209 00N 208 00 210 OON SSR 50 (1-ton pallet) 204.50 206 50N 205.50 207 50N MR£LB SMR5CV (1-ton110 words
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Article30 1977-09-30 8 Rubber: Sept 29 Singapore: October 214.00 cents (down 1.75 cents) Malaysia: October 215.75 cent* (down 1.50 cents) Tin: $1,736 (up $15) Official offering: 140 tonnes (down 25 tonnes)30 words
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Article254 1977-09-30 8 HONGKONG, Thurs. The cotton futures market closed easier after a slightly steadier opening In moderately active trading, dealers said. Trading was confined to March and July, with commission house new selling and light short covering, and stop-loss orders noticed towards the close, they said. March and July fell254 words
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Article396 1977-09-30 8 COMMODITY PRICES finished mixed In quiet and Irregular trading on the Singapore Produce Market yesterday. Inquiries from overseas continued to pour In for some of the commodities, especially white peppers which continued to maintain a firm trend. In the last few days, buying support from New York and396 words
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Article312 1977-09-30 8 LONDON, Thurs. Coffee opened with September £15 lower but other positions ranged to £20 higher. Turnover totalled 277 lots. Futures opened slightly firmer than expected on commission house buying following firmness in New York. Trade houses on balance were net sellers, traders said. The September position declined under liquidation312 words
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Article68 1977-09-30 8 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Sept 29 until further notice: Rubber: 97 3/4 cents a pound Copra: *764 00 a ton PaLa Kernel: *235.28 a ton The rates of duties payable are: Rubber: 13 3/8 cents a pound Total 1468 words
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Article76 1977-09-30 8 C.I.F Rotterdam, US dollars per ton. LONDON: Wednesday Previous Malaysia 5% ffa bulk Nov 439 sir 445 sir Sumatra 5% ffa 525 sir 525 sir Sept 487 50 pd 480 sir Oct 440 pd 450 sir Nov 440 pd 445 sir Dec 437 50 pd 445 sir Jan76 words
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Article323 1977-09-30 8 LONDON, Thurs. Tightness of nearby physicals and associated bullish effects on spot September firovlded modest underylng support to cocoa futures at the opening call. Prices first traded £7 down against New York (basis near December at £2,445 per tonne) but soon rallied on chart and outsider buying to close323 words
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Article274 1977-09-30 8 THE STRAITS tin price In Penang yesterday was up MSIS to $1,736 per plcul on an official offering down 25 tonnes to 140 tonnes. Higher London advices, continued buying support from the US, Japan and Europe, as well as a smaller turnover lifted prices, dealers said. In LONDON274 words
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Article295 1977-09-30 8 LONDON, Thurs. Terminal opened £2.85 lower to unchanged from yesterday's close. Sales totalled 781 lots. Market sources said the Oeneva talks were still the main Influence. There was some disappointment that the three major producers have still not agreed on basic export tonnages. There were rumours that the Oeneva295 words
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Article191 1977-09-30 8 BANGKOK, Thurs. Indicative prices quoted here today were: (US dollar* per tonne fob Ranekok) White Uee: 100 fict l*t clan 308. 100 pet 2nd 302. 100 pet 3rd 288, 5 pet 277. 10 pet 280. 15 pet 257, 20 pet 254. 25 pet 245. 35 pet una. Br*faa: A-l191 words
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Article155 1977-09-30 8 CHICAGO, Thurs. Soybean futures yesterday held gains of 1% to 2Vfc cents a bushel at the close of a relatively quiet session. Prices advanced at the opening due to reports that moisture was moving across the Midwest and Tuesday's technical performance prompted local shortcovering. The advance reached around six155 words
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Article64 1977-09-30 8 CHICAGO, Thurs. Wheat futures yesterday finished around the day's lows, posting losses of 2* to 2* cents a bushel after giving up small early gains. Prices advanced early in thin dealings as firmness In soybean and corn futures stimulated speculative buying. The market weakened under commercial selling, however, and64 words
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Article328 1977-09-30 8 LONDON, Thurs. Copper wire bars finished the morning with gains of mostly £5.50 per tonne. The very steady New York cloee, continued strength of tin and reports of recent fresh Chinese physical demand all combined to establish higher trading levels, dealers said. In the pre-market, Three Months traded up328 words
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Article230 1977-09-30 8 LONDON, Thurs. Silver closed the morning with losses of 1.1 pence per troy ounce all round. There appeared to be little fresh trading Incentive with values softening under proflttaklng In sympathy with gold but holding steady at fractionally lower levels, reflecting sentiment in base metals, dealers said. Three months230 words
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Article341 1977-09-30 8 ON THE Singapore gold market yesterday, the kllobar opened at 3112,086 and closed at 5512.100. Prices fluctuated in the range of 5534.00 and trading was active. On the London market, the metal opened at U*****.80/153.00 and closed at U*****.80/153.00. The London morning fix was U*****.00, down 0.85 cents on341 words
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Article93 1977-09-30 8 LONDON, Thurs. Lead gained £2.50 for cash and £1.50 for Three Months In the morning. The market advanced to €350 for Three Months during pre-market dealings on modest covering encouraged by the trends in copper and tin although proflttaklng soon emerged and shaded values. Sales of 6,250 tonnes were93 words
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Article96 1977-09-30 8 LONDON, Thurs. Zinc was basically unchanged this morning from previous closing levels. The market tended to mark time In the absence of fresh direction with the steady undertone mainly reflecting the trend In cooper, dealers said. Sates of 2,450 tonnes were about half carries. On Wednesday, rlnc rose by96 words
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MONEY AND EXCHANGES
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Article594 1977-09-30 8 THE FOREX market yesterday saw considerable rate movements in both the Hongkong and Swiss currencies which left the market somewhat mystified. The US$/HK$ (TT) rate opened at HK54.6920/30 but fell rapidly to $4.6830/40 by mid-day. The evening rate was about $4.6770/85, giving a range of about 150 points. The594 words
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Article59 1977-09-30 8 ACBC 7 First Chicago (to Algemene Bank (to Citibank .7 Bangkok Bank 7 .(to Bank of America Bank of China 7 Bank of Tokyo (to 1 Indoauez Malayan Banking Mitaui Bank (to (to (to Bank Negara (to 1 ndooffti 7 OUB 7 Chartered Bank (to UCB 759 words
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Article161 1977-09-30 8 Asian rates ASIAN currency depoait interbank rales aa at cloac on Sept IS: US D»IUn (8m» Ottm BM 7 days 1/S 63/6 1 mth 611/16 69/16 I mthi 6 13/16 611/16 3 mthi 6 15/16 6 13/16 6 mthi 73/16 71/16 (mthi 71/4 7 1/1 It mthi 7 9/16 7161 words
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Article48 1977-09-30 8 RANGE of price* offered by discount house* on Sept. 28 Overnight i<ik% Call deposit 9* to 3K« Cfashg 3-Month Treasury bUl* 3-Month Bank bills 3-Month CD 6-Month CD 3 3/18 3 1/16 4 11/16 4 9/16 4 1/1 5 3/8 5 1/4 Source: National Discount Co. Ltd.48 words
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Article85 1977-09-30 8 Euro rates LONDON, Thurs. Trading In Eurodollar deposits was quiet at the outset, dealers sakl. Period rates opened up to 5/18 higher on the loss of the Friday dealing technicality. Rollover business and Par Eastern interest was light. Day-to-day rates showed little change from Wednesday's closings. The seven-day rate, which85 words
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Article148 1977-09-30 8 NEW YORK, Thurs. The dollar yesterday fell In thin afternoon trading here as the market digested Treasury Secretary Michael Blumenthal's forecast on Tuesday that the US may have a $30 billion 1977 trade deficit, dealers said. Late in trading, which was dominated here by talk of the trade148 words
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Article164 1977-09-30 8 LONDON, Thurs. The dollar eased against most currencies but especially the mark and Swiss franc in moderate early trading, dealers said. They cited a general reemergence of fears over the dollar prompting the US unit's fall. These fears followed US Treasury Secretary Michael Blumenthal's forecast the US may have164 words
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Article118 1977-09-30 8 HONGKONG, Thurs. The US dollar weakened further in moderate trading in line with its decline overseas, dropping sharply to a late HK54.6800/10 from Tuesday's pre-hollday level of 4.6930/40 and today's high of 4.6950/60, dealers said. The US unit eased to DM2.3220/30 from 2.3240/45 in New York, after fluctuating between118 words
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Article122 1977-09-30 8 TOKYO, Thurs. The US dollar for overnight delivery eased to close at 266.63 yen after opening at 266.70, down from 266.90 at yesterday's close. After an Initial decline reflecting overseas trends, the dollar fell to 266.50 at one point on selling to meet yen demand from Asian centres but122 words
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Article59 1977-09-30 8 AUSTRALIA/NZ exchanges on Sept 29: Australia: Sterling 0 8374/0.6308 US dollar ***** 1 1038 Ninety-day air mall buying rate* Sterling 0 8521 US dollar 1 1366 Ninety-day forward buying rate* Sterling 0 8302 US dollar 1 0088 New Zealand Sterling 0 5565/0 5534 US dollar 0 9794/0 0655 Ninety-day59 words
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Article53 1977-09-30 8 ZURICH exchanges closing quotes on Sept 28: US 2 3530-3538 UK 4.1054-1073 Can 2 1046-1081 W Ocrm 101 05-12 Neth 05 04-12 Prance 47 75-54 Belt 5000-5630 Denm 38 05-08 Norw 42 70-71 Swcd 48 51-74 Italy 0 2883-2085 Austria 14 13-15 Port 5.78S8-79M Spain 2 7003-7*38 Ar« 0.50-8053 words
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Article41 1977-09-30 8 FRANKFURT exctumces opening quotes on Sept 20: US 2 3220/30 Can 2 1830/44 UK 4 OM/0M Neth M.OS/It 8*1 U M 10/20 ItaJjr 2 825/036 Franc* 41 22/32 Norw 42 20/28 Bdf (com) < 4U/499 Bei( (fin) «.4*/M Japan 0 «710/2041 words
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Article303 1977-09-30 8 LONDON, Thurs. Straight Eurobonds continued quiet and generally steady, dealers said. Eurobond* opening quote* on Sept 28: Straights Bid Offar Austria 8*. #0 101* 102 Bell Canada 8% 86 104 V, 105* BFCE8%83 101 101% Brazil 9* 84 99* 99*. Can Pacific 8 *83 101* 101% Credit National 8*86303 words
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Page 8 Advertisements
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Advertisement370 1977-09-30 8 #5^ from Penguin BELLOW^ 1976 Nobel Prize Winner T 1976 Nobel Prize Winner is at his best again in his latest book To Jerusalem and Back'. As with his recent best-seller 'Humboldt's Gift', Bellow's brilliant images emerge at frequent intervals like sunshine through fog, witty, clever, radiantly imaginative and without370 words
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TRANSPORT AND COMMUNICATIONS
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301 1977-09-30 9 AP COLUMBUS, (Ohio), Thurs. The state of Ohio will offer the Honda motor company "nothing special" -in Its effort to lure the Japanese firm to Ohio, Oovernor James Rhodes stated, when he refused to confirm Japanese newspaper reports that the motorcycle-car manufacturer hadAP - 301 words
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218 1977-09-30 9 UPI CAPE CANAVERAL, (Florida), Thurs. An Intelsat 4-A communications satellite, part of an expanding global satellite commercial communications system, will be launched at 0103 GMT tomorrow aboard an Atlas Centaur rocket, space officials announced. The satellite, designed to orbit over the Indian Ocean, will JoinUPI - 218 words
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Article159 1977-09-30 9 AP NEW YORK, Thurs. Longshoremen leaders returned from abortive negotiations in Florida yesterday to Join In a lastB&sp effort here to avert a adck strike set for midnight tomorrow. "We've got a couple of days yet, we could pull off a miracle," said Thomas "Teddy"AP - 159 words
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170 1977-09-30 9 AFP PARIS, Thurs. Japanese measured building, started at the beginning of the year, is beginning to have an effect today. But it is still difficult to estimate its Impact for lack of statistics on the production of countries outside the Organisation for Economic Cooperation andAFP - 170 words
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Article103 1977-09-30 9 Reuter TOKYO, Thurs Japan's vehicle exports In August fell 11.7 per cent to 333,784 units from a record 378,040 in July, but rose 14.5 per cent from 291,585 In August last year, the Automobile Manufacturers Association said. The August total Included 225.610 cars, 106,177 trucks and 1,997 buses,Reuter - 103 words
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Article25 1977-09-30 9 AFP LIMA, Thurs. The Japanese Industry has offered to supply Peru with a colour television system, It was officially learned here yesterday. AFPAFP - 25 words
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585 1977-09-30 9 TERESA LIM - By TERESA LIM THE Asla-Paclflc region has the highest growth potential In the world for air cargo development. In Singapore, Thailand and Malaysia, air cargo movement Is forecast to grow at 27 per cent a year over the next few years. "South-east585 words
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130 1977-09-30 9 Reuter NEW YORK, Thurs. The RCA Corporation yesterdav said that sales of Its colour television sets so far this year were ahead of the pace In 1973, RCA's previous record year. RCA's consumer electronics division said sales of colour sets were five perReuter - 130 words
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Article84 1977-09-30 9 Reuter BONN, Thurs. The West German government, apparently seeking a merger between two major European aircraft manufacturers, urged them to start talks aimed at boosting their competitiveness. State secretary Martin Gruener said In a press statement the Government expected "speedy and Intensive" talks between VFW FokkerReuter - 84 words
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202 1977-09-30 9 SEMBAWANG Pilot Office will shift to Sembawang Wharves today, but It will continue to operate on VHF Channel 21 for radio communication with ships entering or leaving the area. Shipping agents requesting for pilotage services within Singapore ports limits In East Johore Straits can contact202 words
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452 1977-09-30 9 IN spite of a 22 per cent Increase In the number of ship calls at the Container Terminal, containerised cargo handled at the gateway In July Increased by only 14.7 per cent. According to the latest Issue of "Maritime Trade", a publication issued montly452 words
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Article, Illustration305 1977-09-30 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge Sin Ll&n Huat No. 1 (0700)5 Barge Tlan San No. 1 8700 alongside Mul Kim) /26 Bergen Maru (1200 40 Caclulata (after Ramoneverett) 40/41 Evergrace (1800 45 King River (0000) 23 Lloyd Bakke (2300 after Talko) 1/2 Mendoza (1800 after Wah Po)305 words
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Article138 1977-09-30 9 CONTINENTAL Motors will unveil their latest collection of BMW cars the seven series on Oct 8 at the Shangri-La Hotel. There are four models In the range, the 728, 730, 7331, and the 7331 A the last two digits of each representing the engine capacity138 words
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600 1977-09-30 9 AP DETROIT. Thurs. With many 1978-model imported cars due out In October and November, American dealers say the only cars left In stock are likely to be loaded with options the average car buyer may not want. But even the "loaded" cars areAP - 600 words
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Article590 1977-09-30 9 ARRIVALS Service Local Operator Number Time From KAL KE807 0015 SEL CAL CI331 0040 TPE/HKO/KUL SIA SQ582 0250 MAA/CMB MAS MH682 0810 KCH PAN PA847 0810 SFO/HNL/OUM OIA GA980 1030 HLP SIA SQ211 1045 HLP OIA GA944 1055 PKU OIA GA908 1100 MES PAL PR501 1115 MNL590 words
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Article250 1977-09-30 9 AP LONDON, Thurs. Further rate Improvements for some North American grain loaders yesterday helped to offset a dull day's trading. Grain movements from the Oreat Lakes were less evident than of late, although one of booking of interest was that of a 14.000-tonner taken by Bunge fromAP - 250 words
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Article181 1977-09-30 9 BUTTERWORTH, Thurs. A multi-million dollar main marine base, the largest in the country, is being built in Lumut next to the main naval base, the chief of marine police, Asst. Commissioner Haji Zulklfll bin Abdul Rahman disclosed yesterday. He told reporters that the base was being181 words
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Page 9 Advertisements
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Advertisement69 1977-09-30 9 Taste the difference in TSINGTAO BEER! 4 Tsingtao beer is distilled from the sparkling mineral waters of Mount Laoshan in China. There's abundant goodness bottled up in Tsingtao... llie goodness of the finest barley and hops and mineral waters. Come, taste the difference in Tsingtao beer. Available in all Empori69 words
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Article, Illustration1480 1977-09-30 10 DILIP MUKERJEE - The seven top countries meet in Washington today. What they decide will largely determine the course of the world economy in coming months. This article discusses implications for Asean and other developing nations. By DILIP MUKERJEE A HALF-FILLED glass of water may be describedData: IMF International Financial Statistics - 1,480 words
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Article987 1977-09-30 10 LEN STONE - Crime in' Israel is reaching ridiculous proportions, with people in the highest offices being arrested and organised criminals taking advantage of the fact that most able-bodied men in the country walk about with firearms much of the time. LEN STONE reports. LEN STONE FT TEL AVIV:FT - 987 words
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1109 1977-09-30 10 BOB ALLISON - To help plan the kind of world they would like to see in about the year 2000, the Arabs have set up their first think tank in Cairo. They hope that the mathematical model which they are developing will help to restore unity inFT - 1,109 words
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Article1011 1977-09-30 10 A.H. RASKIN - INFLATION AND WAGES By A.H. RASKIN IN the next two weeks, the Carter Administration will seek to execute Its most delicate act of economic tlghtropewalklng: the preparation of a programme for curbing higher prices and wages without wrecking the fragile framework of Industry-union cooperation President Carter1,011 words
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Page 10 Advertisements
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Advertisement48 1977-09-30 10 y&tm jh£! P f> <~. ~v; vW& ''''5^ -%%!f®|lPf -A m, ■V ta> wp'pt ilte, -#|P| Peter Benchley 'Better than JAWS, ever escalating shocks 1 -TIME 'Cracking entertainment' -DAILY TELEGRAPH Tor the second time -the book you can t put down -DAILY MAIL READ THE BOOK SEE THE FILM48 words
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484 1977-09-30 11 AP LONDON, Thurs. Japanese labour unionists, who have helped build one of the world's most successful economies, believe they have something to learn from Industrial relations In Britain, a senior diplomat at the British embassy In Tokyo said. Mr. Peter Preece, first secretary atAP - 484 words
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559 1977-09-30 11 THE age of the dandy appears to have returned to Singapore for sales of men's clothing in the hlgh-fa-shlon end of the market are rising twice as quickly as those for women. In retail terms It is the male boutiques that are skimming559 words
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192 1977-09-30 11 AFP BRUSSELS, Thurs. The EEC Commission wants to open negotiations on a trade agreement between the European Economic Community and China as soon as possible, reliable sources said last night. They said Mr. Wllhelm Haferkamp, the EEC Commissioner for External Relations, took the viewAFP - 192 words
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293 1977-09-30 11 TRADE between Singapore and the Soviet Union amounted to $148 million for the first seven months of this year. This represents a 34.5 per cent Jump over the same period last year. If this brisk trend persists for the rest of the year, the293 words
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Article62 1977-09-30 11 A 23-MAN trade mission organised by the Rubber Association of Singapore (RAS) will visit China In the first three weeks of October, trade sources said. RAS chairman Tan Eng Joo confirmed the visit. The sources said the delegation will leave Singapore on Oct. 1 and return62 words
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93 1977-09-30 11 ALL staff members of ICI Paints In Singapore are attending a four-day conference at Fraser's Hill In one of the most comprehensive marketing exercises ever held for ICI In Singapore and Malaysia. All employees, from the stenographer to the chief executive, are attending the93 words
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204 1977-09-30 11 AP WASHINGTON, Thurs. Malaysian Prime Minister Datuk Hussein Onn met US Agriculture Secretary Bob Bergland yesterday and expressed gratitude for the Secretary's opposition to protectionist proposals aimed at curbing Malaysian palm exports to the United States. The House of Representatives has approvedAP - 204 words
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Article86 1977-09-30 11 AN export marketing course Is'being organised by the National Productivity Board for executives and managers. Topics to be covered Include objectives and decision In export marketing, identifying export opportunities and market selection, international product policies, organising the export function, distribution methods in export marketing, export credit86 words
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Article59 1977-09-30 11 THE Malaysian High Commission warned Singapore firms yesterday against a number of persons claiming authority to collect funds for the publication of a newsletter entitled Suara Rukun Tetangga. The High Commission said that it had not given authority to anyone to do so and requested that approaches59 words
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Article39 1977-09-30 11 MOBIL Oil yesterday g resented $25,000 to the lngapore Science Centre, which is now nearlng completion. This Is the second of a two-part contribution that the company agreed to make. The first contribution was made in 1975.39 words
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Article402 1977-09-30 11 AFP JAKARTA, Thurs. A high K*» of copper will not solve current slump In copper prices because consumers can substitute the metal with plastics, aluminium or stainless steel, Chilean Mining Minister and concurrently chairman of the Association of Copper Exporting Countries (CIPEC) said here today. Mr. EnriqueAFP - 402 words
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Article219 1977-09-30 11 UPI TOKYO, Thurs. Japanese sugar Industry representatives today said Australia was adopting a "double-edged" strategy to get a better negotiating position In the sugar price dispute between the two nations. A spokesman for the Japan Refined Sugar Industry Association made the statement while commenting on reportsUPI - 219 words
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Article144 1977-09-30 11 AFP CANBERRA, ThUTS. The Deputy Prime Minister, llr. Doug Anthony Is likely to be sent to Japan to argue Australia's case for greater access to the Japanese beef market. Official sources said this today following a protest note sent by Prime Minister Malcolm Fraser yesterday toAFP - 144 words
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Article265 1977-09-30 11 UPI TOKYO, Thurs Japan and China will shortly conclude a private long-term trade agreement aimed at stabilising their bilateral economic relations. Mr. Yoshlhlro Inayama, president of the JapanChina Association on Economics and Trade, yesterday told a visiting Chinese official that he hoped to visitUPI - 265 words
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Article204 1977-09-30 11 Reuter TOKYO. Thurs. Temporarily lald-off workers from recession-hit steel, shipbuilding and textile industries in Japan are being loaned to flourishing car makers to cover their labour shortage, industry sources said. The arrangement prevents the depressed industries 'from making its workers redundant and removes the need forReuter - 204 words
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265 1977-09-30 11 AFP HONGKONG, Thurs. An American energy expert today called on his government to relax Its oil restrictions and let the energy companies fight the current oil crisis. Discussing developments In natural resources in the United States, Mr. Robert Thomas, chairman of MapcoAFP - 265 words
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143 1977-09-30 11 AFP HONGKONG, Thurs. Hongkong's flourishing real estate business is illustrated by the latest official figures. The total declared cost of new domestic and nondomestic buildings completed last month was Hongkong $260.59 million (S$ 130.29 million), the buildings ordinance office of the Public Works DepartmentAFP - 143 words
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Article167 1977-09-30 11 AFP LONDON, Thurs. Hongkong is now well placed to develop as a regional financial centre, particularly If China offers increased trading opportunities, Barclays, one of London's leading clearing banks, said in a report released yesterday. But It warned of the dangers of dependence onAFP - 167 words
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Article169 1977-09-30 11 AFP HONGKONG, Thurs. Better denim sales in Europe may bring fresh orders for Hongkong's manufacturers of this product. This hope is held out by the Federation of Hongkong Industries in its latest industrial news journal which quotes manufacturers returning from Europe as saying that denim inventories thereAFP - 169 words
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Page 11 Advertisements
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Advertisement428 1977-09-30 11 Habib Bank Limited CONDENSED BALANCE SHEET AS AT 31st. DECEMBER, 1976 LIABILITIES: Authorised Capital. Paid-up Capital. Reserve Funds and Surplus. Total Equity Capital: Deposits and other Accounts Bills Payable and other Accounts. Borrowing from Banks. Acceptances and Contra Items. TOTAL RUPEES: RUPEES 180,000,000 95,000,000 243,274,823 338.274,823 14,012,203,452 1,036,281,213 1,102,941,161 6,801,145,479428 words
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410 1977-09-30 12 THE Regency Hotel, put up for sale (or the third time, yesterday remained unsold despite bids rising to as high as $3.86 million. This was still below the reserved price set by mortgage holder United Hilayan Banking Corporation. 'Two other properties also S410 words
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264 1977-09-30 12 SANKEN Hlllcrest Pte. Ltd., the Japanese developer of the Hlllcrest Arcadia condominium, Is negotiating with Overseas Union Bank to take a $2 million share In the financing of the project. The bulk of the financing, however, will come from Mitsui Bank, who under264 words
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Article701 1977-09-30 12 LONDON, Thurs. Government bonds reversed earlier falls with long term Issues up to 14 point higher on the day after being as much as H down, dealers said. Market sentiment was strengthened by the firmness of sterling, they added. Equities rallied but were on balance still a penny701 words
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194 1977-09-30 12 Reuter TOKYO, Thurs. The Finance Ministry will not discourage flotation of external bonds by Japanese companies, which will mean a capital inflow, despite Japan's growing current account surplus, ministry, officials said. It is not government policy to restrict twoway flow of long-termReuter - 194 words
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Article184 1977-09-30 12 KUALA LUMPUR, Thurs. The MTUC general council meeting tomorrow 1a expected to call off the proposed nationwide general strike by members of affiliated unions planned for Monday. The strike was planned to protest against what the MTUC has described as "unfair and antl-workers" labour184 words
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Article60 1977-09-30 12 A $10 million flour mill has begun operations in Jurong. Singapore Flour Mill, the third to be established here, employs about 160 workers, and produces 6,000 tonnes of flour every month. It gets Its raw materials from Australia, the United States, and Argentina, and most of Its60 words
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Article372 1977-09-30 12 CUT SURPLUSES OR ELSE Reuter WASHINGTON, Thurs. The continuing large balance of payment sur--81 uses of Japan and West fermany could trigger some retaliatory measures by the other industrial countries, informed monetary sources said. The sources said the two nations came under renewedReuter - 372 words
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311 1977-09-30 12 Reuter WASHINGTON, Thurs. Mr. Richard Ho Ung Hun, Deputy Finance Minister for Malaysia, called for a "renewed sense of urgency'' to deal with the problems facing the world In general and the developing countries in particular. He told the World Bank/IMF annual meetingReuter - 311 words
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394 1977-09-30 12 PROSPECTS for Japanese textiles and textile machinery In the Asean market are not good and are getting worse as the trend for Joint ventures between Japanese and Asean textile companies picks up speed. This trend, says Mr. S. Yuruzume, president of the International394 words
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Article182 1977-09-30 12 CHASE Manhattan banker, Mr. John Linker, 35, died in the Japan Airlines DC-8 crash 16 km north of Subang Airport, reliable sources here confirmed yesterday. Hongkong-based Mr. Linker, who leaves a wife and two children, Is among more than 30 people who lost their Uvea In the182 words
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492 1977-09-30 12 A COURT of Appeals Judgement yesterday brought Robinsons and Co and two other parties closer to success In their $23.49 million compensation claim before the Land Acquisitions Appeals Board. The claim Is for the compulsory acquisition of the old Robinsons Department store site492 words
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149 1977-09-30 12 Reuter THE Straits/ New York Conference announced yesterday a 15 per cent Increase In the general freight rates, to be effective from Jan. 1 next year. There will, however, be no increase In the freight for dowels, mouldings and household goods. A conferenceReuter - 149 words
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242 1977-09-30 12 AFP TOKYO, Thurs. The world-renowned Orient Express, which fell victim to jetliners after a century of service, Is rolling back to life in Japan as a hotel. A Japanese hotel operator announced today he has purchased eight coaches of the historic train,AFP - 242 words
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656 1977-09-30 12 KUALA LUMPUR. Thurs. A crisis Involving losses of millions of dollars and the International Image of the Malaysian palm oil Industry has, it Is hoped, been averted by an agreement reached yesterday between the creditors and the holding company of two Malaysian vegetable oil dealers656 words
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316 1977-09-30 12 Reuter OSLO, Thurs. A Norwegian shipping expert has suggested the International tanker shipping crisis could be solved by establishing a ship-owners cartel controlling one-third of the world's tanker fleets. Mr. Haakon Nygaard, director of the Guarantee Institute for Shipping and Drilling Platforms, told a polytechnlcalReuter - 316 words
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176 1977-09-30 12 Reuter HONGKONG, Thurs. Hongkong Governor Sir Murray MacLehose said today he had stressed to British and EEC officials the vital Importance of the forthcoming negotiations on a new EEC-Hongkong textile agreement. The Governor was speaking on his return from a brief visitReuter - 176 words
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Article101 1977-09-30 12 Reuter HONGKONG, Thurs. The deposit rate per lot of 50 balm of raw cotton on the Hongkong commodity exchange will be reduced to US$75O (551,830) from the existing SI >250 with effect from Monday, the International Commodities Clearing House (Hongkong) Ltd said. The move follows aReuter - 101 words
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