The Business Times, 1 June 1977
1977-06-01
1
12
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The Business Times
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Title Section10 1977-06-01 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, JUNE 1, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article62 1977-06-01 1 Reuter LONDON, Tues. A British Leyland executive and his Turkish wife, charged with forging a letter on which allegations of huge bribes by the state-owned car firm were partly based, were granted ball at a London court today. Magistrate William Robins set ball totalling £30,000 (*****,000)Reuter - 62 words
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Article60 1977-06-01 1 UPI BEIRUT, Tues. Egyptian Foreign Minister Ismail Fahml said In an Interview published today it was "Inevitable" that oil would be used as a weapon In the event of a fifth Arab-Israeli war. He also told the pro-Syrian dally A 1 Sharq that other Arab statesUPI - 60 words
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Article49 1977-06-01 1 Reuter KUALA LUMPUR, Tues. Switzerland and Malaysia will sign a trade and economic cooperation agreement soon, Swiss Ambassador to Malaysia, Mr. Peter Ernl, told the Malaysian news agency, Bernama. Final details are being worked out and Switzerland Is keen to export more to Malaysia, he said. ReuterReuter - 49 words
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Article42 1977-06-01 1 Reuter HONGKONG, Tues. A government trade delegation from the Philippines was feted In Peking tonight, the New China News Agency reported. Chinese Vice Foreign Trade Minister Wang Jun-sheng and other officials attended the banquet, the agency said. ReuterReuter - 42 words
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Article46 1977-06-01 1 Reuter SYDNEY, Tues. Australia-manned ships were at a standstill around the country's coast today because of a strike by seamen's unions for better retirement pay, Industry sources said. The strike was scheduled to end at 0600 local time tomorrow (2000 gpit today). Reuter.Reuter - 46 words
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Article55 1977-06-01 1 Reuter MANILA, Tues. The Philippines gold refinery, mint and security printing plant will start operating before the end of the year, according to central bank governor Gregorlo Llcaros. Jr. He told newsmen last night the projects would solve the government's problems of gold refining, money coining andReuter - 55 words
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Article64 1977-06-01 1 Reuter CANBERRA, Tues. Former prime minister Mr. Gough Whitlam narrowly retained leadership of the Australian Labour Party today then announced he would step down 18 months to two years after the next general election In 1978. Mr. Whitlam won the leadership contest at a vote of LabourReuter - 64 words
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Article106 1977-06-01 1 UPI NEW YORK, Tuesday. Stocks headed broadly lower early today In fairly active trading of New York Stock Exchange Issues. The Dow Jones Industrial average, which dropped below the 900 level on Friday for the first time In 16 months, was off 2.71 points to 800.12 shortly beforeUPI - 106 words
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Chief Price Changes
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Article106 1977-06-01 1 Falls Most active C. Sugars 2.75 -.14 Central Securities 1,182.000 P. Carbide 1.17 -.13 S.P. Textile 1.16 -.06 Perak Carbide 402.000 Pacific Dev 1.79 -.06 General Lumber 357,000 Pan Elect 1.06 -.05 Pacific Development 312,000 8. Trading 5.30 -.05 Total Turnover: 3.43M O.C.B.C. 6.65 -.05 Total Vahie:106 words
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Article, Illustration175 1977-06-01 1 SELECTED stocks fluctuated actively with an easier bias on the Stock Exchange of Singapore yesterday after two volatile stocks, Central Sugars and Perak Carbide, were declared "designated securities". With losses scattered across the board, the Business Times index fell 3.1S points to 278.06 while the Straits Times175 words
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1311 1977-06-01 1 QUIK PECK LIM - PAST THE $1B MARK ■y QUIK PECK LIM THE Post Oftice Savings Bank has In five short years outstripped the commercial banks In attracting savings deposits. At the same time it Is giving the finance companies a good run for their money. Its total1,311 words
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578 1977-06-01 1 Reuter TOKYO, Tues. Singapore's Prime Minister Mr. Lee Kuan Yew said tonight the United States was now formulating a definitive long-term South-east Asia policy which countries in the region would have to learn to live with. At the same time he describedReuter - 578 words
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123 1977-06-01 1 TOKYO, Tum. The Japanese Government said the joint venture plan to build a petrochemical complex in Singapore will coot 182.2 button yen (SSI.C billion), about 75 per cent of which will be put up by a Japanese consortium led by Sumitomo Chemical Co Ltd. The123 words
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Article458 1977-06-01 1 BETTER traffic conditions In the last financial year ended March 31, 1977 have made for better revenues and an increased operating surplus at Singapore Airlines (SIA). Just how well SIA has done In the past year, however, Is hard to gauge because of an apparent458 words
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317 1977-06-01 1 KUALA LUMPUR, Tum. In a bid to stimulate private investments, Malaysia is reducing its minimum lending rates by one percentage point from Thursday. This is the first reduction in interest rates since August 1975. The prime and preferential rates will be reduced to317 words
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466 1977-06-01 1 SHAREHOLDERS with a more than three per cent stake In newspaper companies whose snare capital Is higher than $4 million have been given until Dec 1, 1977 to reduce their holdings. Shareholders in smaller newspaper companies have to place their excess shares466 words
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111 1977-06-01 1 THE STOCK Exchange of Singapore and the Kuala Lyuoapur yesterday acted simultaneously to dampen speculation in the shares of Malaysian-based companies. The SES and the KLSE declared Perak Carbide's shares as "designated securities", the second counter to be put under this category in less than111 words
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Page 1 Advertisements
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Advertisement49 1977-06-01 1 With a Reputation for Unrivalled Security and Fair Dealing over 131 years, Our Clients can be Assured... ■O Royal Insurance UncorptxaM Ki ngtondl looks after you. Fast 18th Fir., Ocean Building, Collyer Quay, Singapore I.Tel: ***** *****1. Oversees News Local Co News International Co News Local Stocks Transport ft49 words
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Advertisement127 1977-06-01 1 Why should you have to wait to deposit your money in the bank? IS 1 l!jV{ M 1 I I w y 9 w. m AW; 1 You want to put your money in the bank. And it burns you up to have to stand in tine for the privilege127 words
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Advertisement170 1977-06-01 1 a? NOW Cool-healthy pollution-fine (Z> <*"""9 POSSIBLE m mAßuenu COOL. /MAS TEFt puaeace XV« CAR AIR CONOmONCR Al« PUHFO* 4 S-11 GOLDHILL PLAZA Tel *****2 240 IfIVENDFR STRFf T Tel *****80 Any person sealed ai this desk can do the work of three people Yes. one person to handle all170 words
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OVERSEAS
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Article, Illustration991 1977-06-01 2 AP Reuter PARIS, Tues. The Conference on International Economic Cooperation got down to tough bargaining here today as developing nations continue to Insist the rich Western countries still have made no meaningful offers to solve theirAP; Reuter - 991 words
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Article489 1977-06-01 2 UPI WASHINGTON, Tues. Suddenly, the tactics of Middle East diplomacy have shifted to the point where the United States Is cautioning Israel and an Arab Is acting as conciliator. The shift stems from the national election victory of Menahem Begin and his right-wing Likud Party,UPI - 489 words
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Article146 1977-06-01 2 AP NEW YORK, Tues. Jet planes using New York's Kennedy and La Ouardla airports regularly exceed local and federal noise standards, and some of the conventional Jets were noisier than the supersonic Concorde, according to the •city's Environmental Protection Administration (EPA). Checks lastAP - 146 words
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123 1977-06-01 2 AP PARIS, Tues. US Senator Jacob Javlts warned the Third World today to react "with reasonableness" to the Carter Administration's economic proposals or risk losing the sympathy of the American people. Sen. Javlts, a senior member of the Influential Senate Foreign Relations Committe,AP - 123 words
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687 1977-06-01 2 Reuter TEHERAN, Tues. Iran, one of the world's big oil producers, is hoping to benefit from President Carter's new oil and gas conservation policy. The policy calls for fixing natural gas prices in relation to the cost of domestic crude oil ofReuter - 687 words
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259 1977-06-01 2 AP WASHINGTON, Tuos. US Senator William Proxmire charged that many of the United State*' military aircraft, ships and land vehicles are not ready to perform in an emergency. Proxmire, a maverick of the Democratic Party who heads the American Congress' joint committee onAP - 259 words
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1004 1977-06-01 2 NYT NEW YORK, Tues. When the Organisation of Petroleum Exporting Countries sent the price of oil skyrocketing in 1973-74, the oil-producing states replaced the major industrial countries led by the United States, as the principal suppliers of International capital. The Opec nationsNYT - 1,004 words
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294 1977-06-01 2 AP KINGSTON, (Jamaica), Tues. The United States has proposed an exchange of diplomats with Cuba, a step short of full diplomatic relations, according to a US official travelling with President Carter's wife, Rosalynn. Assistant Secretary of State Terence Todman said under the proposed exchange,AP - 294 words
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150 1977-06-01 2 AP PERTH, Tues. A senior West Australian minister left for the United States today to seek multl-mllllon dollar investments In Australia. State Minister for Industrial Development Mr. Andrew Mensaros will hold talks with American partners on a proposed Northwest Shelf gas project, and several bauxiteAP - 150 words
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Article266 1977-06-01 2 NEW YORK, Tues. Despite rising profits and opposition from many in Its editorial stable Fortune magazine will change from a monthly to a fortnightly next year. The decision by Time Incorporated stemmed from a study begun two years ago when Fortune appeared to be lagging In readership266 words
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326 1977-06-01 3 UPI Reuter BUENOS AIRES. Tues. The government yesterday took over nine more companies, including a television station and a newspaper. linked to a dead financier accused of acting as banker for leftist guerillas. The takeovers, announced by the official Telam News Agency, cameUPI; Reuter - 326 words
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Article38 1977-06-01 3 AP BANGKOK, Tues. Efforts continued today to clean up an oil spill caused by the collision of a Thai tanker barge and a Japanese freighter on the Chao Phya River near Bangkok, officials said— APAP - 38 words
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350 1977-06-01 3 AP GUATEMALA CITY, (Guatemala), Tues. Industrialised nations and Latin America should form a common strategy to consolidate Latin America's economic development, head of the Interamerican Development Bank said yesterday. Mr. Antonio Ortiz Mena, president of the most important financing institution in LatinAP - 350 words
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Article, Illustration348 1977-06-01 3 GUATEMALA CITY, Tuesday AP. UNITED STATES Treasury Secretary Michael Blumenthal told the Interamerican Development Bank yesterday that the Carter Administration Is willing to consider negotiating international agreements to stabilise commodity prices. Mr. Blumenthal said in a prepared speech at the 18th meeting ofAP. - 348 words
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292 1977-06-01 3 ROME, Tues Reuter THE creation of a world food reserve as an insurance against future harvest failures has been urged by the head of the United Nations' World Food Council (WFC). In a statement to be presented to a ministerial session ofReuter - 292 words
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110 1977-06-01 3 Reuter TORONTO, Tues. Canadian Imperial Bank of Commerce said it will lower its prime lending rate to 81/4 per cent from 8-3/4 per cent, effective tomorrow. The bank will also lower its rate on fion-chequable savings accounts by the same margin to 8-1/4 perReuter - 110 words
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168 1977-06-01 3 Reuter LONDON, Tues. The Bank of England announced a new £800 million (552.400 million) 11-3/4 per cent Treasury stock due 1991 to be issued on June 2 with payment spread up to Aug The bond, which is a tap stock will be pricedReuter - 168 words
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Article184 1977-06-01 3 UPI WASHINGTON, Tues. A government task force Is considering a US$l5 million (Ss3£ million) programme which could be the biggest vehicle test ever to find out whether a new petrol additive destroys the effectiveness of car catalytic converters or poses a health hazard, anUPI - 184 words
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67 1977-06-01 3 Reuter MONTREAL, Tues. Finance Minister Donald Macdonald said Canada may reject the Idea of economic association with Quebec If the province separates from the rest of country. "The decision to break up our confederation would have a very negative Impact on any willingness toReuter - 67 words
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Article57 1977-06-01 3 AP BANGKOK, Tues. Thailand and the United States signed a US$3 million (557.2 million) loan agreement today aimed at bolstering Thai agricultural development programmes. The US ambassador to Thailand, Mr. Charles Whltehouse, and Thai Finance Minister Suphat Sutathum signed the agreement, which provides funds to expandAP - 57 words
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Article, Illustration535 1977-06-01 3 PAUL MAJEMDIE - By PAUL MAJEMDIE Reuter THEY keep pouring In and the only complaints are about teeming streets, pushy shopkeepers and the lack of taxis. Tourism, Hongkong's biggest Industry after textiles and electronics. Is booming. Last year this unique blend of east and west had 1.6 million visitors,Reuter - 535 words
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Page 2 Advertisements
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Advertisement62 1977-06-01 2 We maintain markets in Eurobonds, including Hong Kong Dollar Bonds, for Institutional Investors. In Hong Kong please call: Michael C. Bowen John S. Harada George P. Hutchinson Telephone: 5-*****1 Telex: 5495 Salhk HX In London 01-600 4151 or 01-600 6191 Telex: *****1 Salbro LDN In New York (212) 747-7575 Telex:62 words
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Advertisement0 1977-06-01 2 -__)-?`\=?,(,[}^:`=;"?)%<[$_[)-0 words
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Page 2 Miscellaneous
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Miscellaneous51 1977-06-01 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on May 31 at Singapore airport. Maximum Temperature 32.9° C Associated Humidity 63 Minimum Temperature 24.0° C Associated Humidity 9? Hours of Sunshine 10.(0 Rainfall in Millimetres Nil Total Rainfall for the Month 117.7 Total Rainy Days for the51 words
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Miscellaneous288 1977-06-01 2 RADIO TV SINGAPORE 5 AM Opening announcements followed by Jabberjaw (Last episode) Holiday Matinee A Challenge for Robin Hood Starring: Barrie Ingham, James Hayter, Leon Greene Ann Margret Snjith Horizon: Digging up the future Gymnastic Display Serbanika (Malay repeat) General Hospital A Journey Through the Lands of Fairy Stories Living288 words
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Page 3 Advertisements
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Advertisement346 1977-06-01 3 v I ■f, a 0 I* cv 1 i i if r* v; v 4 i e r*. ,1' k U 114 j The CH3OO Piling Crane, manufactured by Ishikawajima- Harima Heavy Industries of Japan The most advanced pie driving equipment available is now in Singapore Mr. i w Lau,346 words
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Article108 1977-06-01 4 THE Kuala Lumpur Stock Exchange (KLSE) has suspended trading In Kamuntlng Tin Dredging and Malayan Tin Dredging following their proposed transfer of residence to Malaysia from the UK for tax and exchange control purposes. Under the schemes of arrangement, shareholders In the two companies would exchange their108 words
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Article74 1977-06-01 4 JITRA Rubber Plantations will sell Its £45,000 10 per cent mortgage Investment on leasehold premises known as South Shore Market Blackpool to Sungkel Estates for £37,500, In order to concentrate the investments In companies operating abroad, particularly In Malaysia. The consideration will be satisfied by the Issue74 words
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Article614 1977-06-01 4 Current Ex Dale Total for Total for payment Date payable the year previous yea Guthrie Point—fl 1* May 16 June 2 1* 10* 12.9% May 17 June 4 27.5* 20 Halal m 0* May 17 June 4 11* K«i (FM8) Tin 150* May 20 June 4 150* 90*614 words
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Article680 1977-06-01 4 FOR the first half-year ended March 31, 1977 group pre-tax profit at Goodwood Park Hotel rose more than 40 per cent to $2.58 million on a much smaller increase of 23 per cent hi sales to $17.23 million. Profit for the parent company, primarily the680 words
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651 1977-06-01 4 CALL options trading on the Singapore Stock Exchange last month reached its lowest level since the exchange Introduced its pilot trading scheme on Feb 1, market analysts said. Only 354 contracts were traded in May up to the end of last week compared651 words
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Latest results
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Article54 1977-06-01 4 Audited con- solidated pre-tax profit M5?.49 million ($7.01 million) on sales of <138 million ($lO6 million) for the year ended Dec 31,1978. Tax $3.33 million ($3.49 million) and extraordinary Items $111,000 ($553,000) leaving net profit at $4.04 million ($2.98 million). First and final dividend 12 per54 words
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Article84 1977-06-01 4 Audited con- solidated pre-tax profit M 5642,576 ($1.92 million) on turnover of $33.57 million ($28.04 million) for tne year ended Dec 31, 1978. Tax $508,838 ($873,729) leaving after-tax profit at $133,738 ($1.05 million). Final dividend 7ft per cent (same) payable Oct 15. SIN HENG CHAN (MALAYA) Audited84 words
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COMPANY MEETINGS
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Article24 1977-06-01 4 THE following company meetings are due: June 2, 11.30 a.m., Room 404, ENE-PLAZA (4th Floor), 128 Jalan Pudu, Kuala Lumpur.24 words
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Article19 1977-06-01 4 June 3. 10.30 a.m., 4th Floor, U. 0.8. Building, 1 Bon ham Street, Singapore 1.19 words
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Article18 1977-06-01 4 June 3. 10.45 a.m.. 4th Floor, U. 0.8. Building, 1 Bonham Street. Singapore 1.18 words
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Article16 1977-06-01 4 June 3, < ».l 11.30 a.m.. at No 14 Jalan 223. Section 20A Petallng Jaya.16 words
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Article15 1977-06-01 4 June 3. 12 noon. 14 Jalan 223. Section 20 A. Petallng Jaya.15 words
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Article15 1977-06-01 4 June 3. 12 noon. 310 Registered Office, 310 Orchard Road, Singapore 9.15 words
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Article984 1977-06-01 4 HONGKONG Land's (HL) latest annual report reads like a typical success story. After having its growth rate slightly checked in recessionary 1975, the group has resumed Its old accelerated pace. The Hongkong Property group has Just turned in a 17 per cent Increase984 words
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261 1977-06-01 4 BORDEN Chemical (Malaysia), which operates a factory at the Pral Industrial estate manufacturing a wide variety of chemicals for the wood industry, is to expand its facilities in Penang. "Our expansion will be geared more to direct exports to markets in Thailand, Hongkong, Vietnam261 words
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1032 1977-06-01 4 HONGKONG Tin board of directors will face another barrage of questions when they face dissident shareholders who have successfully requisitioned a second extraordinary general meeting on June 22. The first EGM held on March 15 apparently failed to satisfy the numerous queries of the1,032 words
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Page 4 Advertisements
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Advertisement66 1977-06-01 4 T^SINC £)U SINGAPORE MC(P) 162/1/77 VOL.I N0.5 MAY 1977 PR ICE: $3.00 i i > viCB M Hi v ch jj COVER Credit cards MANUFACTURING Toys TRADE Timber COMMUNICATIONS Airfreight TOURISM Trends and limitations LIFE AT THE TOP Chandra Das INVESTMENT Bearings TRENDS When diamonds spell disaster Trends in Singapore's66 words
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Article297 1977-06-01 5 UK COMPANIES Reuter CHRYSLER (UK) has j)0 need to seek further funds from the UK Government to back its business despite first quarter sales and production shortfalls, a company spokesman told Reuters. Chrysler still expects to be operating profitably by the fourth quarter of 1977 againstReuter - 297 words
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Article120 1977-06-01 5 Reuter THE British National Oil Corporation is currently negotiating credits with a group of International banks which could amount to US$BOO million over eight years, Informed banking sources said. A spokesman for BNOC declined to comment in detail on a report in the Financial Times that #9700 millionReuter - 120 words
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Article153 1977-06-01 5 Reuter MUNICH, Tues. Net profit at Bayerlsche Motorenwerks (BMW) rose steeply by 70 per cent to 126 million marks In 1976 from 74 million marks In 1975. Group turnover advanced to 4.76 billion marks from 3.58 billion marks. At the parent company level, turnover wasReuter - 153 words
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Article629 1977-06-01 5 ROBERT METZ - NORTH AMERICAN COMPANIES By ROBERT METZ NYT A BLOCK transaction In the stock of the lightly traded Facet enterprises at a 1977 high last Monday was made up largely of shares from the New York Stock Exchange specialist's inventory, it was learned last Thursday. The shares were boughtNYT - 629 words
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Article105 1977-06-01 5 Reuter PANARCTIC OILS has reduced Its estimate of marketable natural gas found in the Arctic to 12.8 trillion cubic feet from 16 trillion as a result of a dry hole drilled in one of the gas fields. It said the latest change In reserve figures means furtherReuter - 105 words
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Article91 1977-06-01 5 PANAMA has signed a syndicated US$lOO million medium-term loan, lead managers Bank of America, Bank of Tokyo (Panama), First Chicago Panama and the Royal Bank of Canada said. The loan is In two tranches of $50 million each. One tranche Is for five years at 1 3/4 per91 words
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Article74 1977-06-01 5 Reuter KUHN LOEB will manage an offering on June 7 of US$6O million principal amount of US government guaranteed ship financing bonds, the LNG Aquarius issue. The issue will consist of serial bonds due 1977 to 1987 and sinking fund bonds due, 2002. Proceeds will be used toReuter - 74 words
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1385 1977-06-01 5 Fox Butterfield - By Fox Butterfield NYT MOUNT TOM PRICE, Australia, Tues. At the bottom of this reddish mountain, an awesome outcropping of almost solid Iron ore, workmen are preparing to build a US$4OO million ore concentrator plant. So big an Investment is heartening news forNYT - 1,385 words
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Article172 1977-06-01 5 JAPANESE COMPANIES Reuter NISSAN MOTOR reported that after-tax profit for the year ended March 31, 1977 jumped sharply by 63 per cent to 85.29 blluon yen from 52.21 billion yen previously on a moderate growth In sales. Sales rose about 14 per cent to 2.02 trillionReuter - 172 words
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Article147 1977-06-01 5 Reuter SALES of high-priced vessels ordered before the oil crisis brought record sales and earnings for Ishlka wajlma Harlma Heavy Industries last year. After-tax profit for the year ended March 31, 1977 totalled 10.72 billion yen, up 13 per cent from 9.49 billion yen previously.Reuter - 147 words
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Article85 1977-06-01 5 Reuter HITACHI SHIPBUILDING AND ENGINEERING expects a five per cent gain in net Income for the current year ending March 31, 1978 to 5.5 billion yen from last year's 5.23 billion on sales up 8.2 per cent to 380 billion yen (332.42 billion). The company said exportReuter - 85 words
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Article72 1977-06-01 5 Reuter SANWA BANK will Issue US$lO million of floating rate London certificates of deposit, due June 1980, at one-quarter per cent above the London interbank offered rate for six month Eurodollar deposits for each Interest period. The issue will be managed by Sanwa Bank (Underwriters), CreditReuter - 72 words
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Article54 1977-06-01 5 UPI CHORI, a commercial house specialising In textiles, chemical products and machinery, reported a deficit of 2.251 billion yen for the year ended March 31, 1977. The company said Its accumulated deficit now totals 6.413 billion yen. It has been reducing Its personnel and releasing real estate asUPI - 54 words
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Article80 1977-06-01 5 Reuter SYDNEY, Tues. James Hardie Asbestos and CSR have agreed on the sale of the asbestos cement Interests of Wunderllch to James Hardie and Co Pty for AS 19 million cash. James Hardie and Co Pty Is a wholly-owned subsidiary of James Hardie Asbestos andReuter - 80 words
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Article73 1977-06-01 5 MELBOURNE, Tues. The Australia and New Zealand Banking Group has opened an agency In Los Angeles, California. The agency will -provide full international banking facilities on the US west coast. According to ANZ, the group is the first Australian bank to establish an operational centre73 words
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Article911 1977-06-01 5 New York NYT IT HAS been said that the way to make a small fortune In auto racing Is to start with a large fortune. Although the adage is too often true, Mr. Roger Penske has reversed it. A former racing champion, 40-year-old Mr. Penske hasNYT - 911 words
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127 1977-06-01 5 Reuter MARUBENI senior vice president Mr. Matsujlro Ikeda said the company expects Its sales for the current year ending March 31, 1978 to rise 5.6 per cent to 6.80 trillion yen from last year's 6.44 trillion yen (5.76 trillion). Net Income will remain unchanged from lastReuter - 127 words
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Article35 1977-06-01 5 SUBSCRIPTIONS to the 5* Scent 15 year bond issue ited at 99 <4 per cent by Nippon Telegraph and Telephone Public fully covered the 100 million franc nominal amount, Schwelzerlsche Bankgesellschaft said. Reuter.35 words
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Article217 1977-06-01 5 ASIAN COMPANIES Reuter HONGKONG, Tues. Stelux Manufacturing has reduced Its Interim dividend for the year ended March 31, 1977 to 10 HK cents from 16 cents previously. The company said In a statement that group net operating profit for the first nine months of the yearReuter - 217 words
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Article76 1977-06-01 5 Reuter HONGKONG, Tues. A HKS6OO million medium term loan for Mass Transit Railway, guaranteed by the Hongkong Government, was signed here yesterday, managers Schroders and Chartered and Citicorp International Group said. A joint announcement contained no details of terms, but Schroders and Chartered told Reuters earlier thisReuter - 76 words
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Page 5 Advertisements
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Advertisement355 1977-06-01 5 Corporate Banking Services in the Far East vy I < him sr (f/u tii mink ft l't i-(/< < /»i /iuwi Ihn nm\k u</s us,,/ ,1 t< >t Ui> i■ funnii'y^ I /> •///</< Wardlcy Limited carries out merchant banking activities in the Far East. Based in Hong Kong, Wardley355 words
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Article2124 1977-06-01 6 1977 ligk Lmw r— Last Sale +«rOr'. Dhr C'TT Qr'i C Net P/E Vel (••89) Day High Lew SECTION ONE INDUSTRIALS 146 133 204 92 212 101 198* 163 219 392 136 127 204 58 212 57 156 152 182 350 Ac ma Aetna A Alcom Allied2,124 words
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Article1203 1977-06-01 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 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Bett." Big Board1,203 words
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Article1135 1977-06-01 6 "BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS Alcam (1.808). A. Chat. (0 8611) (2 086 A.M.D. <0 MB1,135 words
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Article148 1977-06-01 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Muuim' prio ■a for June 2) (Current prio*) The Commerce 1.02 l.Tlxd INCOME BOND 105 1.11 The Saving Fund O.M O.M S pore Prog Fund S pore Security Fund o n 0*7 MARA BUMIPUTRA FUND l.M 1.^4 (Managers' prices f»r June 2)148 words
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Article67 1977-06-01 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 (June *2.40) (0.018 0.035). U O B (June $3.50) (0.10S). U E (June *1.80)67 words
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Article158 1977-06-01 6 B O T 7 6/8* IM4 (100,000) (98KB 98*8) B O T 8 1/2% 1981 (100,000) (102*B 1038) D B 8 8 1/2% 1882 (100,000) (100*B 101 *8) DBS Corarts C 1/2% IMI J lOO,000) (988 98*8) I B 9% 1882 (100,000) (103*B 103*8) E I B 8158 words
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Article108 1977-06-01 6 5 1/2% l/4/78(250.000)(101.50B 101.578) 5 1/2% 15/4/78 (250,000) (101.458 101.808) 5 1/4% 15/7/78 (250,000) (101.458 101.558) 4 3/4% 1/5/79 (250.000) (100.808 100.848) 7% 1/7/79 250.000) (104.658) 5 1/4% 15/18/79- (250,000) (101.70B) C 3/4% 15/8/80 (250,000) (103.358) 6 3/4% 1/12/80 (250,000) (103.358) 5% T F 15/4/81 (250.000) (101.45B) 5%108 words
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Page 6 Advertisements
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Advertisement151 1977-06-01 6 mm Wfolsey Hall Economics Commerce Administrative Practice Secretarial Company Secretarial Practice General Principles of English Law Company Law Labour Law Mercantile Law Sales of Goods Business Administration Business Finance Industry and Trade Labour Economics Management Mathematics Management Accounting Business Statistics Economic Statistics British marxer uptnion ana ncfoorcn Applied Statistics Inst151 words
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Article, Illustration488 1977-06-01 7 SELECTIVE stocks fluctuated actively with aa easier Mas oatke Stock Exchange of Singapore yesterday after two volatile issues were declared "designated securities". As designated counters, trading will only be on a ready basis and the shares will remain designated until all outstanding positions are cleared. The488 words
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Article526 1977-06-01 7 MARKET sentiment was jostled by the Kuala Lumpur Stock Exchange's decision to declare speculative st<v*ks f>ntral Sugars and Perak Carbide "designated securities" yesterday. Shares of the two companies, which were also designated on the Stock Exchange of Singapore, will now be restricted to dealings on an immediate basis.526 words
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470 1977-06-01 7 Reuter NEW YORK, Tues. Money market conditions should remain stable during the current week, because the Federal Reserve Is widely expected to maintain the more moderate federal funds levels of last week over the near future, market analysts say. In this atmosphere, they expectReuter - 470 words
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Article489 1977-06-01 7 VARTANIG G. VARTAN - By VARTANIG G. VARTAN NYT THE woman a successful author with a yearly income of US$2BO,OOO had a most unusual problem, she was running out of banks in which to put her money. Questioned by Mr. David Barnebl, a broker for Paine, Webber, Jackson and Curtis, sheNYT - 489 words
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INTERNATIONAL STOCK MARKETS
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Article366 1977-06-01 7 HONOKONO: The market closed steady in dull trading on Tuesday, awaiting a lead from Wall Street, dealers said. The Hang Seng index was up 0.29 points to close at 438.98 points. Dealers said the Swire Properties public share issue may be diverting some interest from the market. Among leading366 words
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Article496 1977-06-01 7 TOKYO: Share prices recovered on buying by Investment trusts on Tuesd dealers said. The Dc'W Jones average rote 39.84 to close at 5,026.14 with volume 130 million shares. The new Index cloeed at 377.95, up 2.73. Nlaaan Motor rose following news of higher profit and dividend. Other motors, and496 words
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Article379 1977-06-01 7 SYDNEY: The market was generally slightly easier In dull trading on Tuesday, dealers said. The Sydney AU-Ordlnarles dropped 0.7 points to close at 458.M points: Paneeatiaental and Queensland Mines were lower, but Katkloen lavestaaent rose seven cents to $1.42. Utak and Reniaon lost 10 cents each to $4.75 and379 words
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Article170 1977-06-01 7 MANILA: The market was generally firmer on Tuesday, with commercial and mining Issue* advancing while oils declined fractionally, dealers said. Turnover rose to 2.23 million pesos from Monday's 2.01 million. Oalners Included PLOT and Oriaatal B but Atlas Cm A and B. Bagnio Gold, Phil Otwmu, Oriental A and170 words
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Article102 1977-06-01 7 MAY SI BahU Asl* Fibre 163 unch Bangkok Bank 297 unch Bangkok Invest. 184 ♦J Bangkok-Metro-politan Bank Bata 4 SO 1 Berll Jucker 292 unch Charoong Thai 160 Wire Dumex Duslt Than! 196 6 Faber Merlin First Tru«t Indo-Thal 1848 ♦4 Industrial Finance Oorp ***** J And J Ho102 words
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Article392 1977-06-01 7 JOHANNESBURG: Gold shares were Tinner on Monday, In an otherwise quiet market on local and London buying Interest, dealers said. Heavyweights gained up to 100 cents while medium and lightweight Issues were about 10 cents higher. Financial minings were Steady on little Interest. Platinums were quiet and coppers unchanged.392 words
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Article180 1977-06-01 7 MILAN: Stocks were mixed In thin trading on Monday, with operators cautious on the uncertain political and economic situation In a market mainly characterised by lack of demand, bounw sources said.' Flat. Pirelli Spa and Saia Viaeoaa were little changed while Goaarale Immobiliare and Pirelli were unchanged but Aaic,180 words
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Article315 1977-06-01 7 TORONTO: Share prices closed mixed in quiet, featureless trading on Monday, with declines leading advances 17S to 138 but the composite Index gaining almost one point. Roayx Corp added one cent to 51.41 after reporting six months profit against a loss last /ear, EUu Stores gained H to 9S315 words
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Article22 1977-06-01 7 THE following markets were closed on May 30: US (Memorial Day). Belgium. France, Netherlands. Switzerland and West Germany (Whit Monday).22 words
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Article73 1977-06-01 7 FINANCIAL TIMES INDUSTRIALS Monday 447.5 Friday 452 8 Week ago 456 5 DOW JONES AVERAGE INDUSTRIALS Monday closed Friday 898 83 Week ago 917.00 LONDON DOLLAR PREMIUM Monday 121 to 121 1 Friday 121H to 122'* H.K. HANG SENG Monday 438 87 Friday 441 #4 Week ago 440 7073 words
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1096 1977-06-01 7 THOMAS E. MULLANEY - By THOMAS E. MULLANEY NYT THE business world and Washington, fairly well satisfied that the nation's economy stands In rather good health, have now turned their focus on the ailing stock market to try to determine why It has been so lethargic thisNYT - 1,096 words
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Page 7 Advertisements
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Advertisement79 1977-06-01 7 Stem H BRIEHTfR FUTMI v* V,\ •t W J > V V' -A J sSSP£S? PS£- "ft.. PI. CY with Foulks Lync ••V V fe#£& /V«y KSSfejjlil lULL ■%£g®sg £fPh \6Bf LONDON rl >;\ wmmmm m i p» < »-££Uap^o3!'. v i^f-7 The Director of Studies, Federal Publications Home Studies79 words
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COMMODITY REPORTS AND PRICES
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Article386 1977-06-01 8 OPENING quotations in the Singapore rubber market yesterday were unchanged and later prices rose some 0.75 cent on covering demand for June, dealers said. Trading was slow and thin with most operators waiting for new Incentives, they said. Forwards and physicals were neglected. The morning386 words
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Article305 1977-06-01 8 Noon note (per kilo) (per kilo) Buyers Sellers Buyers Bailers Int. 1 R.8.8. prompt f.o.b. 1M.00 184.808 184.50 186.00N Int. 1 R.8.8. June 103.75 184.29 184.80 184.79 Int. 1 R.8.8. July 197.2S 187.78 188.00 188.80 int. 2 R.8.8. 190.00 181.00N 180.50 191.SON UK/Cant. 188.00 180.00N 188.50 100. SON305 words
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Article83 1977-06-01 8 Job* Jul, R.A.S. (CumatMth) (Forward Mtfc) Buycn t Sellers Buy a SeUen (cm ta»wkf) (em ■Upwkl) 3SR20 (1-ton Pallet) 192. SO 193. SON 194.00 199.00N SSR50 (1-ton Pallet) 190.00 191 00N 191.SO 192.SON M.R.E.L.B. SMRSCV (1-ton Pallet) 216.00 218.00N 218.00 220.OON SMR5L (1-ton PtOler) 214.50 218.SON 216.9083 words
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Article30 1977-06-01 8 Robber: May 31 Singapore: June 194.50 cts (op 1.50 cts) Malaysia: Jane 195.00 cts (op I ct) Tin: 11,448 (down 97) Official offering: 310 toanos (up 34 tonnes)30 words
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Article209 1977-06-01 8 BANGKOK, Tues. Indicative prices for rice quoted in Bangkok were: (US dollar* per tonne fob bull Bangkok) White Rice: 100 per cent let clui SM 100 per cent 2nd 270 100 per cent 3rd 279 5 per cent 382 10 per cent 230 15 per cent 236 20 per209 words
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Article424 1977-06-01 8 PBPPERB eased in moderate trading in a generally quiet and featureless commodity market yesterday. Trading was characterised by the wide disparity between bid and offer prices. Dealers attributed the decline to the weak overnight London and European markets which received no advices from New York because of the424 words
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Article305 1977-06-01 8 LONDON, Tues. Terminal opened at the £40 limit up level with near Jly trading from £2,845 upto £2,870 per tonne, a new record high, before the market closed at 10.05 a.m. for the statutory 15 minute break. Turnover totalled 96 lots. Dealers said fresh buying and covering was prompted305 words
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Article107 1977-06-01 8 HONOKONO, Tues. Cotton futures do—d lower, with losses ranging from 0.30 to 0.59 U8 cent, on lack of buying Interest, dealers said. December was the most actively traded, due to heavy selling by one commission house, while May and July were untraded, they said. Total turnover fell to107 words
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Article169 1977-06-01 8 YARN and cotton prices tn Hongkong dollar*, ex-godown: Cettea Yani-Chlna: Blue Phoenix 20'» 2,010, 32'* 2,108, 40's 2,188, ((Mr bale of 400 I be). Maee Puis China: Butterfly and Olobe brand unq. Dragon Head una. Five Lam be unc. Flo wet and ButterPaktalai Raw Cettea: LBS 5.42, 4F169 words
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Article319 1977-06-01 8 LONDON, Tues. Futures ended a quiet opening session £4 to £27 per tonne up on last night. Lots traded totalled 132 and the market tone was slightly easier. Initially buying interest gave way under local selling Essure and most posla ended off the highs to close at the sessions319 words
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Article76 1977-06-01 8 C.I.F Rotterdam, US dollars per ton. LONDON Malaysia 5% ffa bulk Jul Sumatra 5* May June July Aug Sept No* Nigerian 5* ffa bulk Maa4ay uncti unch •70 qui 170 qui MO qui unch unch unq PN». 667 sir 672.so sir 672 J0 sir/970 pd 672.M sir •67.5076 words
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Article155 1977-06-01 8 LONDON, Tues. Terminal opened easier after an early small advance met trade selling. Prices were £0.75 lower to £0.25 per tonne higher In sales of 227 lots. In actuals, market sources said Mauritius had postponed yesterday's selling tender for one cargo of raws due to the holiday In the155 words
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593 1977-06-01 8 KUALA LUMPUR, Tues. Next month's visit by the United States Secretary of Agriculture will offer Malaysia a golden opportunity to Impress upon the Carter administration the need to continue allowing a free flow of palm oil and palm oil products593 words
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Article115 1977-06-01 8 Reuter LONDON,Tues. Dubai Is to get a US$23O million sixyear floating rate syndicated credit with a margin of 1 5/«, per cent above London interbank offered rates, syndicate colead manager Morgan Orenfell said. Funds provided by the syndicate, which is col-led by Wardley Middle EastReuter - 115 words
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Article83 1977-06-01 8 Reuter NEW YORK, Tues. Ekctrlclte De France filed with the Securities and Exchange Commission for a US$5O million note offering, Lasard Freres and Co, lead underwriter for the proposed offering, said. The guaranteed external notes will be due June 1, 1987, according to Lazard. with payment ofReuter - 83 words
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Article198 1977-06-01 8 LONDON, Tues. Copper wire bars fell by £10 for cash and £9.50 for Three Months. Values were steady on the early pre-market but an easier tone emerged under light liquidation and short selling which was touched off by the decline In tin, dealers said. Also influential was the lack198 words
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Article92 1977-06-01 8 LONDON, Tues. Lead lost £8 for cash and £7.50 for Three Months. Values followed the general trend with liquidation and fresh selling pushing Three Months down to £346 per tonne on the pre-market. In the ring, moderate shortcoverlng and profittaking purchases partly recouped losses and Three Months touched £35492 words
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Article43 1977-06-01 8 LONDON, Tues. On Monday afternoon, silver finished with losses of 1.6 to 1.1 pence. The market was basically steady In very slow dealings of 43 lots which were predominantly carries. Three Months finished the ring trading at 272.7 pence per troy ounce.43 words
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Article278 1977-06-01 8 IN the Singapore gold market yesterday, the kllobar opened lower at 8111,500 and In dull trading conditions It drifted lower to close at $11,440. In the loco London gold market, lt opened at 143.90/ 144.20 and some selling In the afternoon took the price down to close at 143.50/80.278 words
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Article211 1977-06-01 8 THE Straits tin price in Penang yesterday was down $7 to $1,448 on an official offering up 36 tonnes to 310 tonnes. In LONDON yesterday, Tin finished with losses of around £87 for cash and £97 for Three Months In the standard contract. High grade was £87211 words
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Article84 1977-06-01 8 LONDON, Tues. Zinc declined by £8.75 for cash and £9.25 for Three Months. This metal lost ground in sympathy with other base metals as general liquidation took Three Months down to £327 in the ring prior to small scale shortcovering support which subsequently cushioned the fall. Three Months finished84 words
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MONEY AND EXCHANGES
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Article413 1977-06-01 8 THE Singapore Interbank market was quiet yesterday. Overnight local funds was traded In the per cent and 2ft per cent region throughout the morning In lacklustre conditions. However, the rates were considered quite high by dealers who said that negative rates are usually the type of rates prevailing during413 words
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Article50 1977-06-01 8 ACBC AlfMMMBuk «H Baagkak Buk 7 Buk of America «H Fb*t CUet|a Citibank «H H8BC 7 CH Buk at China 7 Buk af Takyo IH Baak Na«arm M«U]MBukl« MlUai Buk <H OCBC t* OUB (H Ckartarad Buk CklM MHtottM CM DBS «ti UCB 7 UMBC 7 UOB50 words
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Article132 1977-06-01 8 Asian rates ASIAN currency Mm m at cIom c depoett interbank n Mar w osr <aM iL 7 dayi 1 mth Jmthi 3 mlha 6 mUu mthi 12 mtha M n 514/16 6M 7/1* <S 13/16 Sw.rn. 5 V, 9% 913/16 6* 6 5/16 6* 611/16 Dm 1 mth 3132 words
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Article42 1977-06-01 8 RAN OK of prtCM offered house* on Majr 31 Ovemlfht Ift to 9H Call deposit IH to 9% 1 by discount 9-Month Treasury bills 3-Month Bank h"»« e-Months CD »-Month CD 2Ta 4 1/16 4ft 4ft 2% 118/16 4ft 4 5/1642 words
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Article111 1977-06-01 8 Euro rates LONDON, Tues. Trading In Eurodollar deposits was very quiet after the long holiday weekend In Europe and the US, dealers Mid. Period rates opened basically steady. The One Month rate was adjusted one half point lower reflecting the loes of a Friday end of period technicality but the111 words
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Article146 1977-06-01 8 LONDON, Tues. Sterling strengthened against the dollar in more active early trading with the spot rate moving to 1.7168/70 dollars from an opening indication of 1.7173/76 and 1.7174/76 overnight while forward discounts widened, dealers said. They reported no special factors behind the early weakness of the UK unit nor146 words
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Article136 1977-06-01 8 TOKYO, Tues. The US dollar for overnight delivery closed at 277.30 yen, unchanged from yesterday's close in fairly active trading, but slightly below 277.33 at the opening. The US unit moved in a narrow range between 277.25 and 277.40, with dollar supply and demand well In balance, dealers said.136 words
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Article93 1977-06-01 8 HONGKONG, Tues. The US dollar firmed to a late HK54.0905/25 from yesterday's 4.6885/95 after opening lower at 4.8880/85 in quiet trading, dealers said. The US unit also firmed to 2.3552/57 marks from yesterday's 2.3550/55 after opening at 2.3540/45. The market was quiet after yesterday's holidays in New York and93 words
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Article51 1977-06-01 8 AUSTRALIA/NZ exchanges quoted on May 31 Australia: Sterling 0.8462/ 0.6393 US dollar 1.1063/ 1.1015 Ninety-day air mall buying rates: Sterling 0.6652 U8 dollars 1.1316 Ninety-day forward buy lng rates: Sterling 0.6481 US dollars 1.0946 New Zealand' Sterling 0.5601/1.5569 US dollar 0.9665/ 0.9565 Ninety-day forward rate: Sterling 0.5822 U8 dollar51 words
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Article32 1977-06-01 8 FRANKFURT exchanges opening quotes on May 31 r US 2.3543/53 2.3547/55) Can 2.2420/40 UK 4.038/048 Neth 95.55/05 Swltz 93.90/04.00 Italy 2.855/885 France 47.55/85 Norw 44.74/81 Belg com 0 .525/535 Japan 0.8490/850032 words
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Article38 1977-06-01 8 THE Monetary Authority of Singapore (MAS) Invites banks and discount houses to tender for $30 million 91day Treasury Bills to be issued from June 8 to June 10. Each tender must not be less than $250,000.38 words
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Article147 1977-06-01 8 LONDON, Tues. Straight dollar bonds were steady to 1/4 point higher In places in relatively active dealing, dealers said. The EEC $200 million 7* per cent tranche due 1982 and priced at 99 traded around 97% 98% (97% 97%) and the $300 million 7% per cent tranche due147 words
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Article83 1977-06-01 8 Reuter ROME, Tues. Electronics firm Selenia Is raising US$2O million through a five year roll over credit at 1% per cent above London Interbank offered rate, an official at the state owned telephone firm Stet, which controls Selenia, told Reuters. Underwriting of the loan was completedReuter - 83 words
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Page 8 Advertisements
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Advertisement193 1977-06-01 8 > r&S. s> ~'J* 1 r MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that hove taken place in all important sectors of the economies of countries in East and193 words
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TRANSPORT AND COMMUNICATIONS
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514 1977-06-01 9 SINGAPORE, in the opinion of surveyors from Lloyd's Register of Shipping (LR), has been less affected than most other countries by the shipping and shipbuilding recession, last year. About 1,500 vessels, according to the latest LR annual report, arrived at Singapore each month514 words
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Article114 1977-06-01 9 LUFTHANSA and Flnnair have announced that they will reduce special fares between Germany, including West Berlin, and Finland by 10 to 15 per cent, beginning today, subject to government approval. A typical reduction will be that of the economy class round trip excursion fare between Frankfurt and114 words
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Article42 1977-06-01 9 The National Maritime Board (Amendment) Bill, first read in Parliament last Friday, will empower the Board to levy a fee on every vessel over 75 GRT calling at Singapore. The proceeds will be paid into the National Maritime Fund.42 words
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269 1977-06-01 9 AP HONGKONG. Tues. In terms of manpower, the Chinese navy is the world's third largest, but in terms of ships, it remains "a minuscule mix" of ageing ocean-going craft, submarines and patrol boats, the Far Eastern Economic Review said. The Chinese navy hasAP - 269 words
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Article139 1977-06-01 9 FT LONDON, Tu*«.— Petrobras the Brazilian state oil concern, is expected to place an order with a Scottish yard for a simple offshore oil drilling platform during the next few weeks. It would be similar to the £8 million (Ss4o million) steel platform structure Petrobras ordered fromFT - 139 words
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Article, Illustration631 1977-06-01 9 EXPECTED ARRIVALS TOOAY KEPPELWHARVES Chidambaram (1000 after Hong Shan) 46 Coral Princess (1100 after Hagurosan Maru) 42/43 Fujlharu Maru (Tanker) (1000 after Kota Slngapura) (Subject gas free) 13/14 Fuyoh Maru (Tanker) (after Savannah Maru) (Subject gas free) 15/16 Hague Maru (JHOW) (after Vlshva Bahaktl) 45 Havana Maru (JEOR)631 words
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280 1977-06-01 9 Reuter RENTON, .(Washington), Tues. The Boeing company said It has developed for testing a filter system to eliminate ozone inside an airliner's cabin. International airlines recently have reported that Ksengers and crew have ome ill on some flights because excessive amounts ofReuter - 280 words
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Article166 1977-06-01 9 Reuter LONDON, Tues. The Inter-goverment Maritime Consultative Organisation (IMCO) has set up a working party to consider ways of Improving safety In tankers operations, an IMCO spokesman told Reuter. He said the working party will then present Its findings to a Joint meeting in OctoberReuter - 166 words
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Article172 1977-06-01 9 LONDON, Tues. The Memorial Day holiday In the United States and for Whltsun on the European continent meant there was little business yesterday on the shipping freights market. However, Olenas provided a feature In North America by working 36.000 tonnes of St. Lawrence grain to Leningrad abroad172 words
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409 1977-06-01 9 LONDON, Tuesday Reuter THE freight rate for a-very large crude oil carrier fell to its lowest level for almost a year today with Exxon paying worldscale 20 for a vessel of 245,000 long tonnes deadweight for a voyage from the MideastReuter - 409 words
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Article104 1977-06-01 9 P O expands cargo service P AND O Strath Services will start a container service In June to Jeddah and Aqaba to further expand their cargo operations from the UK and Northern Europe to West Asia. Sailings will be maintained on an 18-day frequency from Rotterdam, Bremerhaven and Tilbury by104 words
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Article579 1977-06-01 9 ARRIVALS cWViCf Operator Number Local Time I From TMA MAS CAL CPA TL304B MH582 CI818 CX710 0530 0810 1000 1000 TPE KCH HLP HLP SIA OIA THAI THAI OIA SQ211 OA08O T0423 TG981 GA908 1015 1030 1035 1050 1100 HLP HLP BKK BKK MES PAL SIA RBA579 words
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Page 9 Advertisements
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Advertisement39 1977-06-01 9 SUNDAY NATION ADVERTISING BONUS VALUE! The May 29 issue of Sunday Nation sold 94,279 copies! Advertisers in that issue enjoyed a bonus circulation of 52,279! Put Sunday Nation on your media schedule now enjoy our big bonus circulations! r39 words
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1604 1977-06-01 10 SOH SIAM LOH - By SOH SIAM LOH DESPITE recurrent political crises, lack of Investment in Industry and unemployment, there are some signs of real economic recovery in western Europe. In its annual European Special Report Issued this month. Campaign, the UK journal of the advertising1,604 words
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Article332 1977-06-01 10 KOME, Tues. With the country's widening balance of trade deficit which increased from 2,333 billion lira in 1975 to 5,402 billion lira last year, Mr. Rinaldo Ossola. the Italian Foreign ture at Rome University, launched a "buy Italian" campaign modelled on Britain's "buy British" and President Giscard's332 words
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Article, Illustration1163 1977-06-01 10 WILLIAM HOLSTEIN - By WILLIAM HOLSTEIN UPI THERE Is a surge toward protectionism around the world which is posing a serious threat to the trade of developing countries like Singapore, Malaysia, Hongkong, Taiwan and South Korea. Despite pledges to maintain open trade, leaders of the major merchantUPI - 1,163 words
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518 1977-06-01 10 NOISE has become a serious health hazard In many Asian countries where the accent Is on Industrial development and massive construction projects. Government officials have expressed concern that rapid industrialisation without adequate safeguards to reduce the noise level In overcrowded urban areas518 words
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561 1977-06-01 10 Reuter few regulations to control household noises unless they infringe on environmental control regulations aimed primarily at Industrial pollution. The Construction Ministry is planning subsidies totalling about US$5B million (Ssl39 million) to help 6,000 families living along moorways to reduce noise levels. TheReuter - 561 words
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Page 10 Advertisements
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Advertisement293 1977-06-01 10 2 remarkable accounts of the Japanese Occupation SYONAN MY STORY Mamoru Shinozaki 19 x 13cm; 123 pages; limp; S$S.5O The occupation of Singapore was, for those who survived it, a profound traumatic experience. Many, of course, did not survive it at all; and memories of mass murders and senseless brutalities293 words
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Article251 1977-06-01 11 REFINERS TO GO BANKRUPT? UPI TOKYO, Tues. Major Japanese sugar refiners will go bankrupt unless Australian sugar dealers accept a price reduction at an early stage, the Japan Sugar Refiners' Association said today. "They want to take shipments from Australia but they Just cannot acceptUPI - 251 words
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Article131 1977-06-01 11 To patch up ties TOKYO, Tues. Japanese Labour Minister Hirohide Ishida said today he Elanned to visit the Soviet nion next month In an attempt to Improve relations between the two countries. Mr. Ishida, chairman of the all-party Parliamentary League for JapanSoviet Friendship, told a press conference arrangements were being131 words
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229 1977-06-01 11 Reuter TOKYO, Tues. Bank of Japan governor, Mr. Telichiro Morinaga said Japan should be careful to avoid causing the yen to depreciate when It takes additional measures to stimulate its economy. In an interview published In the financial dally Sankel Shimbun, he said the oneReuter - 229 words
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Article187 1977-06-01 11 GOODWOOD PARK Hotel will have a completely renovated facade In the first quarter of next year. On completion the new wing will house one super luxurious VIP suite and 13 other suites, together with a restaurant that opens out to a garden terrace cafe, a187 words
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Article91 1977-06-01 11 Reuter HONGKONG, Tues. Hongkong's thriving electronics Industry desperately needs the nimble fingers of another 7,000 women to deal with Its export boom, the Federation of Hongkong Industries said today. In the first three months of 1977, electronics sales to overseas markets rose by 20 per cent andReuter - 91 words
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Article22 1977-06-01 11 YAOHAN'S Asean Fair will continue till June 3 and has not ended as was reported In Business Times yesterday22 words
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583 1977-06-01 11 Reuter TOKYO, Tues. C. Itoh and Ataka said they signed a formal, merger agreement, to take effect on Oct 1 this year. The agreement calls for the dissolution of Ataka, whose shareholders will be assigned new 50-yen nominal C. Itoh shares on theReuter - 583 words
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Article142 1977-06-01 11 Reuter TOKYO, Tues. Japan's revised overall balance of payments surplus fell to US$35O million (SsBBs million) In April from $035 mllUon in March, but rose from $181 mllUon In April last year, the Finance Ministry said. The surplus current account rose to monthly record of $1.23Reuter - 142 words
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Article198 1977-06-01 11 Talpeh, Tues. Taiwan Is willing to consult Japan on the possibility of China Airline using Tokyo's new Narita Airport as a way of avoiding imminent air disputes between the two countries, government authorities said today. The Nationalist Chinese flag carrier will be the only198 words
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Article112 1977-06-01 11 Reuter TOKYO, Tues. The Japanese Cabinet today decided to hold elections on July 10 for half of the 252 seats In the Diet's (Parliament's) Upper House, a Cabinet spokesman said. A Central Issue will be whether Prime Minister Takeo Fukuda's Liberal Democratic PartyReuter - 112 words
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420 1977-06-01 11 Reuter GENEVA, Tues. The annual conference of the International Labour Organisation (ILO) opens here tomorrow overshadowed by an issue which does not appear on the agenda whether the United States will carry out Its threat to leave the 135-natlon body. Formal two-yearReuter - 420 words
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333 1977-06-01 11 UPI WELLINGTON, Tues. Minister of Fisheries Jim Bolger met South Korean fishery officials today to discuss the enactment of New Zealand's proposed 320-km economic zone. After the meeting, Mr. Bolger told newsmen the Korean delegation suggested Joint venture schemes between the two countries afterUPI - 333 words
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Article68 1977-06-01 11 JURONO Shipyard will hold a one-month campaign on "Punctuality and Time Saving" starting on Friday. Taking part In the campaign are employees and sub-contract workers of the company's repair division. Mr. M. Sugahara, the general manager, Mr. Low Ouan Onn, the Joint fPf waging director and68 words
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200 1977-06-01 11 A SINGAPORE-BASED German company Deuts Far East (DFE) is organising a second International seminar here from June 6 to 14 at the JTC Building. The first was held in 1974. About fifty delegates from fourteen countries Including Asean, West Asia countries, Japan200 words
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Article119 1977-06-01 11 THE greatest threat to Asean is Internal disintegration arising from an Inability to solve serious domestic contradictions and short-comings. Mr. Goh Klan Chee, a leader writer of the Straits Times, said this and explained that problems fat: J by Asean countries generally are difficulties in achieving rapid119 words
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229 1977-06-01 11 UPI TOKYO, Tues. The Government yesterday approved a long-range plan designed to cut industrial and household use of petroleum and petroleum products to cope with possible future oil shortages. The plan drawn up by the Ministry of International Trade andUPI - 229 words
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315 1977-06-01 11 UPI MANILA, Tues. A Philippine shipping company today threatened to take possession of a Japanese tanker diverted to Manila by Its 27man Filipino crew unless Its owners In Osaka meet their obligation to the company and the crewmen. Mr. Joseph Schneider, vice presidentUPI - 315 words
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236 1977-06-01 11 APART from the quality of their goods, Singapore entrepreneurs should also pay attention to the quality of their services if they are to remain competitive. Calling on the entrepreneurs to upgrade the quality of their services, Mr. Ivan Baptist, the executive secretary of236 words
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Article89 1977-06-01 11 Reuter MANILA, Tues. President Marcos has used his martial law powers to control the use of pesticides in the Philippines with the setting up of a fertiliser and pesticide authority to establish and enforce tolerance levels. In a decree signed yesterday, the authority Is also to restrict orReuter - 89 words
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Article154 1977-06-01 11 Reuter TOKYO, Tuesday Sea-sonally-adjusted construction orders received by 43 major Japanese firms fell 2.1 per cent In April to 535 billion yen ($615.5 million), from a downward revised 546 billion in March, the construction ministry said. Unadjusted, April orders were up 21.3 per cent fromReuter - 154 words
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213 1977-06-01 11 UPI TOKYO, Tues. The number of Japanese fishing vessels operating within the Soviet Union's 320 km economic waters will drop by 1,065 from last year to 6,335 ships, the Fisheries Agency announced yesterday. The Agency said the reduction in the number of fishing vessels,UPI - 213 words
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Page 11 Advertisements
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Advertisement358 1977-06-01 11 NOTICES RICHARD ELLIS SALLMANN SEWARD LOH (PTE) 20 Ngee Ann Building (Ist Floor) Orchard Road Singapore 9 AND CH WILLIAMS CO (PTE) Suite 1407 Shaw Centre Scotts Road Singapore 9 are pleased to announce the Merger of their Companies with effect from 1 June 1977. The new joint professional practice358 words
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Advertisement401 1977-06-01 11 0 Shangri-La hotel LIMITED (Incorporated in the Repuc*.:c of Singapore) NOTICE OF MEETING NOTICE IS HEREBY GIVEN that the Sixteenth Annual General Meeting of Shangri-La Hotel Limited will be held at the Jasmine Room, Mezzanine Floor, Shangri-La Hotel, 22 Orange Grove Road, Singapore 10, on Friday, 24th June 1977 at401 words
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Article, Illustration582 1977-06-01 12 A LEADING American banker yesterday ursed his government to help US Industry adjust to fair competition from abroad, Instead of Imposing barriers against such competition. Mr. Donald C. Miller, vice-chairman of Continental Bank of Illinois, told a breakfast meeting of the American Business582 words
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170 1977-06-01 12 KUALA LUMPUR, Tues: Nearly 4,000 low cost housing units have been approved for finance under the government's M) 400 million housing loans scheme announced in December. The houses are in 14 projects approved by the Malaysia Building Society Berhad (MBSB) appointed by the government170 words
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377 1977-06-01 12 A SINGAPORE firm of property consultants has joined hands with a top international firm to launch a new company Richard Ellis, C.H. Williams and Loh. The merger will allow the two parties under a single corporate banner to operate on a stronger footing In Asian377 words
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Article793 1977-06-01 12 LONDON, Tues. Stock prices closed mixed to lower after an Initial rally faded, led lower by government stocks on fears of an Increase In minimum lending rate this week, and lack of buying interest In equities .dealers said. Long-dated loans turned early gains of around 1/2 point Into793 words
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Article174 1977-06-01 12 THE CHINESE Cktnkv of Commerce is to change the English translation of iti name to "CUhn Chamber of Commerce and Industry". This was stated yesterday at the monthly mooting of the CCC by the president, Mr. Wee Cho Yaw. He said that the word commerce"174 words
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Article63 1977-06-01 12 A GROUP of Hongkong businessmen will be holding a week-long exhibition here at the Shangri-la Hotel from June 28. This was disclosed by Mr. Lam Thlan to the Chinese Chamber of Commerce monthly meeting yesterday. Mr. Lam, an active Chamber member, said the organisers of the Hongkong63 words
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241 1977-06-01 12 WITH the official opening of Beecham Pharmaceuticals' expansion plant In Jurong yesterday, Singapore becomes the fourth country In the world to be the site for a Beecham factory manufacturing penicillin nucleus. The other countries are the US, the UK and Belgium. Speaking at the241 words
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Article, Illustration29 1977-06-01 12 Mr. Lee shake* hands with Japanese Finance Minister Hideo Boh on Tuesday. The premier is in Tokyo for a four-day visit AP photo AP photoAP photo - 29 words
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289 1977-06-01 12 TOKYO, Tues. The chairman of Japan's Atomic Energy Commission warned today that refusal by the United States to approve Japan's plans for Its own nuclear reprocessing plant would adversely affect relations between the two countries. Commission chairman Sousuke Uno, who Is also Minister289 words
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Article83 1977-06-01 12 Reuter TOKYO, Tues. Japan's M-l money supply, seasonally adjusted, declined 0.3 per cent In April from March when it was up 1.3 per cent over February, giving a year-on-year growth in April of 8.0 per cent (9.4 per cent In March), the Bank of Japan said. TheReuter - 83 words
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1091 1977-06-01 12 UPI SEOUL, Tues. Move over world, and make room for the Koreans. The South Koreans have Invaded the highly competitive international market place and are offering the world everything from suits to ships. They guarantee satisfaction, underbid their competitors and offer fasterUPI - 1,091 words
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135 1977-06-01 12 Reuter TOKYO, Tues. The Ministry of International Trade and Industry said It will arrange loans totalling 42 billion yen (***** million) to help Japanese textile mills out of their current recession. The move, which will apply to cotton, spun rayon, synthetic fibre and woollen spinnersReuter - 135 words
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322 1977-06-01 12 UPI PARIS, Tues. Developing nations today unanimously condemned the United States and Its industrialised partners for offering Insufficient help to ease their plight and warned that the North-South Dialogue In Paris would succeed only If the West makes larger offers. The warning,UPI - 322 words
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Article218 1977-06-01 12 UPI TOKYO, Tues. Japan Is not seriously concerned about Turkey's delay In payments of about US$4O million (5598.4 million) of trade credits to Japan, Japanese officials said today. An official of the semlgovernmental Japan External Trade Organization (Jetro) said a general election Is scheduled inUPI - 218 words
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389 1977-06-01 12 SINGAPORE businessmen were Invited yesterday to look Into the possibility of setting up Joint ventures In the Sultanate of Oman. Speaking to pressmen, Mr. Mohammed Abdul Rahman, director to Oman's Minister of Commerce and Industry, said that there was much that Oman could offer by389 words
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Article199 1977-06-01 12 Reuter MANILA, Tues. The Manila-based Asian Development Bank today announced It was giving technical assistance to help formulate an integrated rural development project in northern Thailand and to consider ways to upgrade 20 senior technical schools In Indonesia. The assistance, financial details of which were notReuter - 199 words
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Article116 1977-06-01 12 DART Sum Timber Pte. Ltd. has entered a "conditional appearance" In the High Court seeking to set aside a $401,793 writ filed against It two weeks ago. The company, through its solicitors, is alleging that there is "duplicity" In the action of the plaintiff, Bank of116 words
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Article85 1977-06-01 12 IPOH, Tues. Mentrl Besar Tan Sri Hajl Ohazall Jawi called today on bumlputra loggers to rebuild their image by proving to others their ability to participate successfully In the logging Industry. "The success of about 2.000 bumlputras in the logging industry in Perak has been encouraging," he85 words
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