The Business Times, 4 October 1977
1977-10-04
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The Business Times
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Title Section10 1977-10-04 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, OCTOBER 4, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article66 1977-10-04 1 Reuter NEW DELHI, Mon. Former Indian Prime Minister Mrs Indira Gandhi was arrested tonight, Samachar news agency reported. Samachar said Mrs Gandhi had been taken Into custody for acquiring 104 Jeeps from two companies by misusing her official position. Mrs Gandhi said In a statement Issued after herReuter - 66 words
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Article55 1977-10-04 1 Reuter MANILA, Mon. President Marcos said today a recently-imposed controversial tax on foreign travel would be cut by half from Oct 18. The move follows widespread protests and confusion over the tax. Mr. Marcos lifted a five-year-old ban on foreign pleasure travel last August, but Imposed a 15Reuter - 55 words
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Article73 1977-10-04 1 UPI BRIGHTON, Mon. Chancellor of the Exchequer Denis Healey today said the fall In Britain's living standards Is at an end and hinted he may hand the country modest tax cuts soon. Addressing the opening session of the governing Labour Party's annual convention, Mr. Healey said: "TheUPI - 73 words
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Article54 1977-10-04 1 AFP LONDON, Mon. Qold rose to U8J155 (8*378.20) per ounce for the first time since September 1075. The gold price on Friday closed at $154,375. The dollar however fell to 2.2028 marks and 4.***** French francs. Foreign exchange dealers noted a significant rise In the value ofAFP - 54 words
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Article48 1977-10-04 1 AFP KUALA LUMPUR, Mon. Business Times Malaysia's only financial dally Is to strengthen its coverage of business and financial news In the next 12 months. This was stated today by Enclk Mansor Wahab, managing director of Financial Publications Sdn. Berhad, the publishers of the dally. AFP.AFP - 48 words
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Article63 1977-10-04 1 AFP BATU PAHAT, Mon. The Deputy Minister of Primary Industries, Paul Leong, said today that based on expert forecast, the price of natural rubber was expected to Increase from Ms 2 to Ms 3 per kg within the next five years due to greater demand than supply.AFP - 63 words
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Article97 1977-10-04 1 UPI NEW YORK, Mon. Slocks struggled for direction early today 4a moderately active trading. Investors were disturbed tar published report the Federal Reserve Board may tighten credit further because the nation's money supply has Ewn at a 7.8 per cent rate the part four weeks, above the Fed'sUPI - 97 words
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Chief price changes
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Article, Illustration175 1977-10-04 1 PRICES finished lower in light and erratic trading on the Stock Exchange of Singapore yesterday. Sellers dominated the day's business and on balance, industrials finished with loeeee outnumbering gains four to one. The Business Times index cloeed 6.34 point* lower at 415.71 and the Straits Tlmee Industrial175 words
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Article104 1977-10-04 1 Foil* Moot active Eand A 1.00 .34 General Ceramics 220.000 Lien Hoe A. Hltam 1.70 9.55 .10 .10 Inchcape Msla Weaving 130,000 117,000 Incbcape 2.23 .00 Olympla 115.000 Steamship O. Ceramics C. Sugars 2.36 1.64 2.00 .00 .07 .07 Total Turnover: 1.70 If Total Value: M82.91 U104 words
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Article944 1977-10-04 1 JOHN TAN - HIGHER WAGE INCREASES •y JOHN TAN THE school-leaver thinking of entering the financial sector for a comfortable white-collar Job had better think again. Wage Increases In this sector for clerical workers Is the worst In the entire economic scene In Singapore. On the other hand,944 words
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671 1977-10-04 1 THERE is a strong likelihood that Singapore will not be classified as a developed country because a large proportion of its economy is due to expatriate sources. This was revealed by Finance Minister Mr. Hon Sui Sen on his return from Washington where he671 words
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199 1977-10-04 1 A SINGAPORE delegation Is now In the Ud, and another Is scheduled to leave for Europe later this month, to try to persuade the US and the European Economic Community to treat Singapore less harshly. The team now in the US left on199 words
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Article98 1977-10-04 1 BANGKOK, Mon. The Industrial Finance Corp of Thailand (IFCT) said It lent US$7OO,OOO (891.7 million) to Seng Thai Marine Navigation to buy a cargo ship to operate between Asean countries. With the loan, Seng Thai will buy a 4,000 to 5,000 tonne deadweight secondhand cargo98 words
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Article229 1977-10-04 1 AP WASHINGTON, Mon. U8 News and World Report said today that economic policymakers In the Western Industrial world hate come to the conclusion that "sluggish growth and the threat of another recession *re more urgent problems than inflation." The American news magazine, In Its OctAP - 229 words
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262 1977-10-04 1 KUALA LUMPUR, Mon. One of the leading foreign trading and plantation houses here, East Asiatic Company, has gone Malaysian. The Danish company has incorporated a wholly-owned local firm, East Asiatic Company (Malaysia) Bhd., with an issued capital of Ms6o million. EAC Malaysia will262 words
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712 1977-10-04 1 IN A move which can only add more zest to an already bullish profits performance, Boustead Holdings yesterday announced a MS 1 1.4 million plan to add plantation earnings to Its Income. Barely a fortnight after It announced bumper half year results (136712 words
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Page 1 Advertisements
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Advertisement28 1977-10-04 1 ©Wiyfbong AW, Hand when Wayfoong Mortgage you need and Finance (Singapore) Limited It ITIOSt Shaw House. Ground Floor. 354 Orchard Road Singapore 9. TeJ: *****7. U> Local A28 words
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Advertisement91 1977-10-04 1 K- I I V Trust lO A f J r• YIOA#IC! With customary vision A and foresight Sony pioneered video equipment. Today, Sony is one of the world's foremost manufacturers of integrated video equipment. Research and experiments are continuously carried out to bring you the most advanced and sophisticated video91 words
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Advertisement210 1977-10-04 1 U-Bix COMPLETE COPYVJG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE Tel *****2 (5 Lines) APS ELECTRONICS (M) SON BHD KUALA LUMPUR Tel 2174ft830M/***** IMMEDIATE OCCUPATION *42 P-ineuiir m*£ Mi! in»«r ZMm 'MlMllllUjP c;.: 009SSS i li&si; M§S!! ■jj ««»r -Jiiu m />/ Singapore 's foremost office buildings Chulia Street Prestige building210 words
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OVERSEAS
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594 1977-10-04 2 Reuter TOKYO, Mon. Prime Minister Takeo Fukuda said Japan must strive to adjust its external economic position because its balance of payments has been developing a tendency to produce considerable surplus. He said in a policy speech Japan will take active part inReuter - 594 words
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Article127 1977-10-04 2 Reuter TOKYO. Mon. A syndicate of 23 Japanese banks plans to apply a special low Interest rate of 6.5 per cent for a projected 30 billion yen (***** million) three-year loan to the Metallic Minerals Stockpiling Association for stockpiling 100,000 tonnes of zinc and 20.000Reuter - 127 words
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Article92 1977-10-04 2 Reuter TOKYO, Mon. The Japanese Government presenled a supplementary national budget of 270.09 billion yen (556.79 billion) and an additional fiscal loan and investment programme of 736.40 billion yen to the national Diet for approval, a government spokesman said. The budget and programme, coupled with local governmentReuter - 92 words
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Article207 1977-10-04 2 UPI TOKYO. Mon. The Japanese government and fishing industry will shortly embark on large-scale fish farming in the wake of 320km economic zones set up by other countries, according to a newspaper report yesterday. Nippon Keizai quoted Fishery Agency officials as saying that they willUPI - 207 words
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149 1977-10-04 2 AP WASHINGTON, Mon. Japan, recently criticised by the United States at world economic meetings for not helping others by dropping trade barriers, has Invested US$99 million (*****.5 million) in North American farmland, forests and food-manufacturing concerns, the US Agriculture Department said today. The ForeignAP - 149 words
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Article68 1977-10-04 2 AFP BANGKOK, Mon. A list of 20 government officials suspected to be Involved In corrupt practices will be submitted to the National Assembly and the government for action later this month. Secretary General of the Anti-Corruption Committee Suthee Arkasrerks said the list was part of 300 casesAFP - 68 words
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Article52 1977-10-04 2 AFP RIYADH. Mon. Saudi Arabia Is to lend Jordan 81 million rials (5548.8 million) to help enlarge the Red Sea port of Aqaba. Work on the port, Jordan's only outlet to the sea. will cost some US$55 .million (SSI34 million) and should be completed by 1980, itAFP - 52 words
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239 1977-10-04 2 PETALINQ JAYA, Mon. A "do-it-yourself" management training experiment programme was launched today by Dunlop Malaysian Industries Berhad to produce managers of high calibre for Malaysian Industry. Thirteen university graduates will undergo a one-year management training programme started on Oct 1 at239 words
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346 1977-10-04 2 AP YOUNGSTOWN (Ohio), Mon. Mayor Jack Hunter will lead a delegation to Tokyo to discuss possible takeover by Japanese interests of steelmaking facilities being shut down by Youngstown Sheet and Tube Co. The mayor said the 5,000 Sheet and Tube workers threatened with layoffs byAP - 346 words
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164 1977-10-04 2 Reuter TAIPEH, Mon. The President of the Talpeh American Chamber of Commerce, Mr. Marlnus Van Gessel, will fly to Washington on Oct 7 to speak at the public hearings on the "China Issue" sponsored by the Asia and Pacific panel of the US House ofReuter - 164 words
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Article959 1977-10-04 2 NYT WASHINGTON, Mon. An extensive survey of occupational hazards has found that while at work, one out of four Americans Is exposed to some substance thought to cause death or disease. The federal survey, the first of Its kind undertaken In the United States, alsoNYT - 959 words
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251 1977-10-04 2 AP HONGKONG, Mon? Peter Godber, a former British police Chief Superintendent, sentenced to four year's Imprisonment on corruption-linked charges, was released today and Immediately whisked off to the airport awaiting a plane to leave Hongkong for London. Looking pale and weak, Godber, 54,AP - 251 words
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158 1977-10-04 2 Reuter HONGKONG, Mon. The value of Hongkong's domestic exports of clothing other than fur clothing fell to US$B.BB billion (5521.7 billion) in the first 8 months of 1977 from 59.25 billion in the same 1976 period. Census and Statistics Department figures show. Exports of textileReuter - 158 words
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1109 1977-10-04 3 NYT NEW YORK, Mon. Business executives in the United States have grown a lot less confident about the economic outlook. The Conference Board, an Independent research organisation supported by major corporations, has Just reported that Its index of business confidence tumbled 12 pointsNYT - 1,109 words
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783 1977-10-04 3 NYT WASHINGTON, Mon. J Negotiations for a new labour contract In trie coal Industry begin here this week amid circumstances so chaotic, to use the most frequent Industry characterisation, that only one thing seems relatively certain: the probability of a strikeNYT - 783 words
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Article436 1977-10-04 3 AP WASHINGTON, Mon. Scientists have developed a simplified way of making ammonia the base for much of the world's fertiliser that greatly reduces the amount of energy now required for the process, the American Chemical Society reported yesterday. The new "method uses sunlight reacting with a specialAP - 436 words
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Article342 1977-10-04 3 AP ATHENS, Mon. A threeday conference starts in this ancient "cradle of democracy" on Wednesday to debate on what modern democracy Is all about. Among the slated participants and speakers debating the "Future of Democracy" conference are heads of state and political veterans. They include MarioAP - 342 words
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297 1977-10-04 3 NYT NEW YORK, Mon. The managers who do the Erchasing for business are a optimistic about the 12month economic outlook than they were last spring. The September report of the National Purchasing Management Inc., which twice a year asks purchasing managers to express in aNYT - 297 words
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571 1977-10-04 3 Full employment Congress asks itself questions NYT WASHINGTON, Mon. With the national unemployment rate stuck for the last several months at 7 per cent 8.9 million persons were looking for work In August Congress and administration policy makers are being forced to ask anew what full emDloyment means in theNYT - 571 words
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Article181 1977-10-04 3 Reuter BAGHDAD, Mon. Arab ministers of commerce in seven Gulf states yesterday began a three-day conference here to discuss large-scale economic and trade cooperation. The Iraq News Agency (INA) quoted Iraqi Minister of Commerce Hassan All as telling the ministers that economic cooperation between Arab states inReuter - 181 words
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260 1977-10-04 3 SAN FRANCISCO Mon Businessmen in Chinatown last week began to try to erase the fears of violence aroused by the Golden Dragon killings by using an ancient dragon that represents harvests, not killings. In an effort to revive business from the businessmen260 words
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Page 2 Advertisements
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Advertisement171 1977-10-04 2 don't miss BUSINESS OPPORTUNITIES THE INTERNATIONAL MATERIALS HANDLING CONSTRUCTION MACHINERY EXHIBITION inac:tf 5-9 TH OCTOBER 1977 NATIONAL STADIUM SINGAPORE 11.00 a.m. 4.00 p.m. Trade only 6.00 p.m. 9.00 p.m. Trade Public Interested in adding new agencies to your business? Visit the biggest International Trade Exhibition of its kind ever staged171 words
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Page 2 Miscellaneous
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Miscellaneous45 1977-10-04 2 voice R GREftT rnPiNy OPINOJS AMD U>|-KOOT B£JM& tmmoDeST, nr*=*t saefvr Nomeee OF ffeoPLt SQfJiRm -Me ffeM is ome^reß \TMfSrj TWe SUlOgD.^gr^freeg Blistow: Frank Dickens SO, RS eOiTCJR OF THG. Hcose jolJßnfm- s foo Put f\ lot OF v/OURSfc-LF *sITO T H£i suppose. -fou couu>45 words
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Miscellaneous243 1977-10-04 2 SINGAPORE 5 3.00 PM Opening announcements followed by Flying Nun (Repeat) 3.30 Diary of Events (English) 3.35 Afternoon Matinee Young Wives' Tale (Pt. 2) 4.10 Magazine Zero One 4.25 Intermission 6.05 Opening announcements followed by The Road Runner Show 0 6.30 News in Brief 6.35 McDuff The Talking Dog Perkahwinan243 words
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Miscellaneous648 1977-10-04 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Bird or part, possibly (8) 7 William doesn't achieve black rule (8) 8 Do you need a neck to play It? (4) 10 Runner's sole equipment (6) 11 Be no help when I'm deep in a mess (6) 14 He has some bone damage648 words
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Page 3 Advertisements
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Advertisement133 1977-10-04 3 Stay on-line "A with IDD When you need to budget a hectic day, it helps to know you can time your overseas calls to the minute. Our IDD (International Direct Dialling) facility gives you virtual on-line access to the leading cities of the world. Pick your time. When you are133 words
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COMPANY NEWS
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548 1977-10-04 4 THANKS to the first time inclusion of earnings from the Jardlne Sandllands companies acquired In July 1976, Jardlne Matheson (SEA) is able to report higher group earnings for the first half of the current year ending Dec 31, 1977 Group net attributable earnings rose from548 words
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281 1977-10-04 4 THANKS TO improved sales and lower production costs. Fancy Tile Works, the Malaysian manufacturers of ceramic mosaic and wall tiles ,managed to achieve a turnround In the first half of 1977 after being In the red for the last two years. Net281 words
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430 1977-10-04 4 FOLLOWING last year's record performance, Oriental Holdings appears set to achieve higher earnings this year. For Just about two months after it reported a Pre-tax profit of M 56.96 million for 1976, Oriental has produced a good set of interim figures f L ?P f430 words
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COMPANY MEETINGS
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Article27 1977-10-04 4 THE following company meetings are due: Oct 4 at 12.30 p.m. at the Registered Office, Jalan 219, off Federal Highway, Pet&llng Jaya, Selangor.27 words
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Article20 1977-10-04 4 Oct. 10 at 12.00 p.m. at the Registered Office, 13.7 km Buklt Tlmah Road, Singapore.20 words
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25 1977-10-04 4 Oct 15 at 12.00 noon at the Registered Office. No. 22 (Upper Floor of No. 20), Jalan Gelanggang. Malacca.25 words
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Article22 1977-10-04 4 0ct..17 at 11.00 a.m. at the Registered Office. 12th floor, Fltzpatrlck's Building, 86 Jalan Raja Chulan, Kuala Lumpur.22 words
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Article15 1977-10-04 4 Oct 24 at 11.00 a.m. at the Registered Office, 15, Claymore Drive, Singapore.15 words
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Article20 1977-10-04 4 Oct 26 at 3.00 p.m. at the Registered Office, No. 50 Jalan Ampang, Kuala Lumpur.20 words
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Article516 1977-10-04 4 o tu lent Ex Date Total for Total for pa .yment Date payable tkeyear previous year N.B. Timber* 9.5% Sept 6 Oct 4 18% 15 4%a Apollo 5%I Sept 9 Oct 4 5%I 5% Tronoh Mine* 30S(I) Sept 6 Oct 4 30%(1) 39.5% G.E. Life 11% Sept 26516 words
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907 1977-10-04 4 KUALA LUMPUR, Mon. Malaysian commercial bank deposits advanced further by Msssl million in the second quarter of this year, once again outpacing the Increase In loans and advances. Loans and advances of commercial banks rose by 1416 million in the second quarter, a907 words
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Article198 1977-10-04 4 THE BOARD of Cycle and Carriage Ltd (CCL) announced the appointment of Mr. Thomas Chua Boon Lee as deputy managing director and IMb. Alan Yeo Che* Yeow as director. Mr Chua has been the CCL secretary and group coordinator for some years and Is also deputy managing198 words
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747 1977-10-04 4 NYT NEW YORK:- The double taxation of dividends has increasingly become a bone of contention for stockholders, corporations and Wall Streeters. Currently, the Income of a corporation is taxed before dividends are paid to shareowners. These dividends, In turn, are taxed as part of theNYT - 747 words
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674 1977-10-04 4 UNITED ASBESTOS Cement, manufacturer of roofing sheets and tiles and pipes, seems to be one of the few companies In the construction industry to have turned in considerably Improved profit figures for 1977. It also seems optimistic of market conditions In the coming year,674 words
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LATEST RESULTS
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Article49 1977-10-04 4 Pre-tax profit MS IS. 05 million ($9.24 million) for the year ended June 30, 1977. Tax $7.08 million ($4.87 million) leaving net profit $7.98 million ($4.38 million). Final dividend 7.5 per cent (nil) for both ordinary and cumulative participating preference stock. Total dividend 12.5 per cent (nil).49 words
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55 1977-10-04 4 Unaudited net profit M 5992,000 ($10,000) for the first half year ended June 30, 1977. FFB processed 60,193 tons (65,407 tons), palm oil produced 11,966 tons (12,112 tons) and palm kernels produced 2,731 tons (2,723 tons). Average selling price per ton oil palm $965.26 ($648.34) and55 words
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Article57 1977-10-04 4 Estimated pre-tax profit M 54.03 million ($3.28 million) for the year ended June 30, 1977. Net attributable earnings $2.16 million ($1.57 million) after tax of $1.80 million ($1.50 million) and extraordinary Items of $73,000 (*9i9 nom Final dividend 20 per cent (15 per cent), making a total57 words
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Article18 1977-10-04 4 Unaudited pre-tax profit M 550,000 ($54,000), for the first half year ended July 31, 1977.18 words
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Article81 1977-10-04 4 Group pre-tax profit M 5424,507 (loss $132,066) for the first half year ended June 30, 1977. Tax $201,000 ($23,000) leaving net profit $223,507 (loss $155,066). Parent company pre-tax profit $317,378 (loss $235,312). Net profit $157,378 (loss $235,312) after tax of $160,000 (nil). San Holdings Group pre-tax81 words
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Page 4 Advertisements
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Advertisement142 1977-10-04 4 f SINGAPORE I business! Bi MC(P) 162/V77 HIGHLIGHTS OF OUR SEPTEMBER ISSUE: HEADING FOR ANOTHER RECESSION The economic performance of the EEC countries and Japan points to a gloomy new year. One way out is for the US to run a huge deficit, but this will lead to a weakening142 words
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936 1977-10-04 5 NORTH AMERICAN COMPANIES NYT A FEDERAL grand Jury is expected to hand up Indictments shortly growing out of a multi-state investigation of suspected bank fraud at the Trust Company of New Jersey, the fourth largest state-chartered commercial bank In the state. The investigation part ofNYT - 936 words
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214 1977-10-04 5 ASIAN COMPANIES Reuter ABU DHABI. Mon. Japan OH Development Co (Jodco) will develop the upper strata of Abu Dhabi's offshore Um Al-Dalkh oilfield under an agreement signed here recently, the offlclal Emirates News Agency (WAM) reported. Jodco will set up a 50-50 jointReuter - 214 words
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Article141 1977-10-04 5 Reuter BRISBANE, Mon. Pancontinental Mining Incurred an audited consolidated net operating loss of A 5368,000 for the year ended June 30, 1977 compared with a loss os $51,000 only In the previous year. It had no revenue during the year and also sustained an extraordinary lossReuter - 141 words
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Article70 1977-10-04 5 Reuter TOKYO, Mon. Nlssln Food Products Co said its US subsidiary started construction of second factory on Pennsylvania to manufacture 400,000 packs a day of Instant noodles. The factory is scheduled for completion next spring. Nlssln Foods (USA) Co, set up in 1970 in California, already produceReuter - 70 words
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Article84 1977-10-04 5 Reuter HONGKONG, Mon. Hutchison International said it is holding discussions on the sale of its share In Modern Terminals but that the talks are not yet finalised. A company spokesman said he could not give further details. The Far Eastern Economic Review earlier reported that Hutchison hadReuter - 84 words
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110 1977-10-04 5 Reuter THE Arabian-American Oil Co (Aramco) has no knowledge of an announcement of the final agreement on Saudi Arabia's full takeover of the company's Saudi assets, an Aramco spokesman said. Earlier, Reuters reported from Beirut that the AlAnwar newspaper said that details ofReuter - 110 words
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Article49 1977-10-04 5 Reuter VENEZUELA has signed an agreement for a US$35O million seven-year loan from a group of International banks led by Manufacturers Hanover, Barclays Bank International, Toronto Dominion Bank and IBJ International, Manufacturers said. The loan will be used for financing and refinancing government debt. Reuter.Reuter - 49 words
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Article255 1977-10-04 5 Reuter MELBOURNE, Mon. On a 23 per cent Increase In turnover, Ez Industries reported it made an unaudited consolidated operating profit of A 511.58 million for the year ended June 30, 1977, up by about 69 per cent from $6.85 million previously. This represents earningsReuter - 255 words
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Article95 1977-10-04 5 LOANS- Reuter FRANKFURT, Mon. The DMSO million private placement for the Rio De Janeiro Metro company will probably come to the market in November or December, bond market sources said. The placement, to be managed by Deutsche Bank, was provisionally planned in the September loanReuter - 95 words
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863 1977-10-04 5 NYT NEW YORK: Mr. Donald James Kirk, who was elected chairman of the Financial Accounting Standards Board last Tuesday, is described as a forceful, hard-driving executive who does not shrink from taking a minority stance. His Independent attitude will probably prove useful inNYT - 863 words
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Article76 1977-10-04 5 Reuter MELBOURNE, Mon. Western Mining Corp (WMC) reported arrangements have been completed for Its US$5O million 9 per cent Eurobond Issue with a final maturity of 15 years. WMC said It lifted the issue to <50 million from $40 million due to substantial demand. WMC will useReuter - 76 words
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Article68 1977-10-04 5 Reuter HONGKONG, Mon. Pohang Iron and Steel Co of South Korea signed a US$3O million loan in three tranches of 4.5, five and 10 years, Citicorp International group said as a participant In the syndication. The loan, guaranteed by the Korea Exchange Bank and the US Export-Im-portReuter - 68 words
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Article46 1977-10-04 5 Reuter BRUSSELS, Mon. The Algerian state-owned oil concern, Sonatrach, Is raising a UB92S million fiveyear loan with a margin of 1 5/8 per cent above London Interbank offered rates, informed eurocurrency source* said. Banque Europeene dl Credit u lead manaver. the sources added. ReuterReuter - 46 words
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Article348 1977-10-04 5 EUROPEAN COMPANIES Reuter FRANKFURT, Hon. Share dealers at major German banks said they see stocks rising slowly but steadily In the coming months. Despite official confirmation that Germany's real economic growth this year will be 3 to 4 per cent Instead of the originally targeted 5Reuter - 348 words
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Article170 1977-10-04 5 Reuter ROME, Mon. Enel, the Italian state electricity utility, is sounding out banks for a US$2OO million six-year Eurocredlt, in addition to a $100 million fiveyear Eurobond It plans to Issue soon, market sources said. Terms of the Eurocredlt have yet to be finalised,Reuter - 170 words
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Article45 1977-10-04 5 Reuter VIENNA, Mon. Intrac, an East German foreign trade agency, Is raising a US$l5O million, six-year credit with interest at a margin of 1.25 per cent over London Interbank offered rates, Glrozentrale Und Bank der Oesterrelchlschen Sparkassen said as lead manager. ReuterReuter - 45 words
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915 1977-10-04 5 FT LONDON, Mon. Most of the big steelmakers are losing money heavily because the markets for their products have dwindled. But British Steel Is In the unique position of running up fosses, which may well total some £700 million during the four yearsFT - 915 words
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Article88 1977-10-04 5 Reuter PARIS, Mon. BSNGervals Danone made a net profit of 13.5 million francs for the first half of this year compared with 13 million francs previously. The company said the first half 1970 result included an exceptional profit of 45.2 million francs. Appropriations for de- preciation took 43.5Reuter - 88 words
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Page 5 Advertisements
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Advertisement341 1977-10-04 5 Absolutely no distributed processing system offers you all these 10 features except series 21 from MDS. AAn intelligent data entry C Modular design so you can system which installs as configure a system to fit easily as a keypunch and is the requirements of your fully operational as soon as341 words
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Article2273 1977-10-04 6 \m Hi«k Lew Company Loot Sale 1 +orGr'» div Div e'rr Gr's ?li Nat P/E Vol Day High Low SECTION ONE INDUSTRIALS 154 204 116 238 88' 198* 169 224 414 171 135 172 58 212 57* 155 152 182 350 145 Acma Alcorn Allied Choc Bata2,273 words
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Article1249 1977-10-04 6 BID and offer price* officially listed m re P° to the Stock Exchange of StrwaDor* vnIterday with the number of shares tniM shown brackets In lots of I OOOunlU unlessotherwisespecified All Time Settlement Contracts are quoted after the word "BeU" BECTION ONE INDUSTRIALS Aom (1.358) (1) 1.351,249 words
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Article1330 1977-10-04 6 810 mid offer prices officially luted and business In and reported to the Kuala Lumpur Stock Exchante yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS ALCOM (1.728 1.768). A. Choc (1.008 1.038). A.M.D. (0.58B) (1) 0.381,330 words
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Article74 1977-10-04 6 STRIKING prices of the xtock 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. C and C (Dec $1.90) (0.30B). lnchcape (Dec 12.40) (0.155). (March $2.40) (2) 0.12. Sime74 words
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Article149 1977-10-04 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' price* for Oct 4) (Current price*) TheCommerce 1.72 1 82 INCOME BOND 1.06 1.14 p™ pZrt n 2? n al>°! MARA BLMIPUTRA FUND S'Dore Securttv (Manager* prk*. for Oct 4> 5?mH i i a* F,rst Bumlputra 2 20 2 25 swimiHiVtani'149 words
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Article166 1977-10-04 6 B O T 8 1/2% 1981 (100,000) (103*B 103SS) B O T 7 VB% 1984 (100,000) (998 99*8) LTCB J 1982 (100,000)(98*B 995) Credit Lyonnais Floating 1983 (100,000) (98*B 98*S) DBS Converts 6 1/2% 1991 (100,000) (97*8 97SS) D B 8 8 1/2% 1982 (100,000) (101 *B 102S)166 words
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Article73 1977-10-04 6 Rep Spore D Mark 7% 1982 (100,000) (100%8 101 SS) Rep Spore C 1/2% 1983 (100,000) (99*8 100*S) Rep Bpore 7 3/4% 1987 (100,000) (100*B 100*8) 5 1/2% 1/12/77 (250,000) (100.258 100.40S) 4 3/4% 1/5/79 (250,000) (1OO.0OS) 4 3/4% 15/9/80 (250,000) (99.855) 5% T F 1/5/83 (250,000) (100.208)73 words
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Page 6 Advertisements
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Advertisement177 1977-10-04 6 Confront Singapore's decision make's in Business Times I 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, Illustration637 1977-10-04 7 PRICEB finished lower in light and erratic trading on the Stock Exchange of Singapore yesterday. Both investment and speculative support remained at a low ebb as the stale bulls continued to .liquidate their positions. The opening market was particularly weak with some sharp losses recorded here and637 words
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Article383 1977-10-04 7 EASIER conditions ruled on the Kuala Lumpur Stock Exchange yesterday as sellers continued to make their presence felt. After a barely steady opening, prices dipped across the board as shorts and stop-loss sellers turned out in force. According to brokers, the market is entering Into a phase of383 words
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2259 1977-10-04 7 WILLIAM SERRIN - By WILLIAM SERRIN FREMONT, (Michigan) Mr. John Suerth, chairman of the Gerber Products Co, was vacationing at his winter home In Naples, Fla., last April 15 when a visitor arrived Mr. T.J. Barlow, chairman of Anderson, Clayton Co., the Houston Producer of2,259 words
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INTERNATIONAL STOCK MARKETS
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Article334 1977-10-04 7 HONOKONO: The market closed firmer in moderately active trading on Monday, with buying Interest centered on blue chips, dealers said. The Hang Seng Index closed at 420.01 up 2.92. Jardine Matheoon rote 30 to 14.10, Hongkong Bank 10 to 17.90. Hongkong Land and Hntehiaon five cents each to 0.75334 words
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Article523 1977-10-04 7 TOKYO: Share price* declined after an initial moderate rise on Monday, on increased selling centred on export-oriented Issues following the yen's rise, dealers said. The Dow Jones average lost 18.96 to close at 5,262.26 with volume 290 million shares. The New Index was 388.99 down 1.75. Export-oriented shares Including523 words
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Article163 1977-10-04 7 MANILA: The market closed mixed on Monday with minings and oils advancing slightly while commercials declined frac- tionally. dealers said Turnover fell to 6.M million pesos from last Friday's 7.37 million. Atlas, Philex and Lapsnta gained two, three and four points respectively and other mining issues posted slight advances.163 words
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Article337 1977-10-04 7 MELBOURNE: The market was mixed with a firm undertone in quiet trading on Monday, with the Bydney market closed, dealers said. Among Industrials, CBR lost two to 2.83 and ABL one to 48 cents, while Aaeett gained two to 1.30. Among minings, Coal and Allied fell 10 to 3.50,337 words
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Article13 1977-10-04 7 THE Sydney market was closed on Monday for the Labour Day holiday.13 words
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717 1977-10-04 7 NYT NEW YORK, Mon. The Federal Reserve last Friday sent out a clear signal that It was continuing to. nudge short-term interest rates higher. As a result, prices of fixed-Income securities are expected to come under pressure this week. Normally on the final day ofNYT - 717 words
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Advertisement447 1977-10-04 7 BUSINESS TIMES Airline Directory ACiQTIvi »w*lwi 110-112 Show Contra, Orchard Road, Singapore 9 (T«4: 377.111) Air Cayton 302-B, 3rd Floor, Marina Houso (Kanfnn Wn M Cihaaaam /I atlwlllwll ®T| \1 (Tol: ******0) Air Franco fiMkuoil Chykf IC# Waa ViyHiiw. iw® #nw*iiwii ™y Sinaapora 1 (Tol: *****11) Air India 14th Floor,447 words
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COMMODITY REPORTS AND PRICES
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Article421 1977-10-04 8 THE Singapore rubber market yesterday opened half a cent lower following the further decline In London, then softened another half-cent on light stale bull liquidation. Short-covering at the lows checked the decline n V and values recovered fractionally towards the morning close, dealers said. Reports421 words
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Article30 1977-10-04 8 Rubber: Oct 3 Singapore: October 212.00 cents (down LOO cent) Malaysia: October 213.56 cents (down 1.00 cent) Tin: $1,781 (up $20) Official offering: 196 tonnes (up five tonnes)30 words
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Article282 1977-10-04 8 R A 8. prices in cent* per kilo yesterday: Noon Close (per kilo) (P« 'kilo) Int. 1 R.8.8. prompt f.o.b. Buyers Sellers Buyers Sellers 211.00 212.00N 211.00 212.00N Int. 1 R.8.8. Oct 212.25 212.90 212.00 212.50 Int. 1 R.8.8. Nov 214.00 214.90 214.00 214.50 Int. 2 R.8.8. 210.90282 words
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Article85 1977-10-04 8 NOON SSR and SMR prices yesterday; HAS D^Oun rvrtMth) Saifara (PerwaNMtfc) (cm (Ml tspwkg) SSR 20 (1-ton pallet) 205.50 207. SON 206.50 206.SON SSR 50 (1-ton pallet) 203.00 205.00N 104.00 206.OON M.R.E.L.B. SMRSCV (1-ton pallet) 224.00 220.00N 224.50 226.5CN SMR SL (1-ton pallet) 218.50 220.SON 210.00 22185 words
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Article296 1977-10-04 8 HONGKONG, Mon. The market closed firmer in quiet trading, after a slightly easier opening following Friday's trend In New York, dealers said. Prices generally firmed throughout the session on commission house shortcovering and speculative buying, they said. Total turnover fell to 50 lots from Friday's 73. Open positions296 words
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Article193 1977-10-04 8 BANGKOK, Mon. Indicative prices quoted here today were: Prices in US dollars per tonne FOB Bangkok: White Rice: 100 pet Ist class 308, 100 pet 2nd 392. 100 pet 3rd 288, 5 pet 277. 10 pet 200. 15 pet 257, 20 pet 254, 25 pet 245, 35 pet unq.193 words
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Article333 1977-10-04 8 THERE was a general disinclination to deal In the Singapore produce market yesterday, largely due to the absence of Indications from overseas. With foreign markets behaving rather erratically of late, dealers have tended to fight shy of the market lest they suffer serious losses. This was particularly true333 words
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Article243 1977-10-04 8 LONDON, Mon. Terminal cocoa in the morning finished the first call £5 lower to £10 higher, having initially traded In near December £13.50 down against New York at £2,470. Dealers said Industry support was seen at the call, particularly In nearby positions. ..They said the December/ March spread was243 words
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Article200 1977-10-04 8 LONDON, Mon. Termlnal In the morning opened £0.50 higher to £0.25 per tonne down from Friday afternoon closing levels in sales of 2,721 lots. The market rallied from Friday's ker.b lows which at one stage were as much as £1.50 down, but trade selling halted the advance. Dealers said200 words
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Article126 1977-10-04 8 LONDON, Mon. Coffee opened £22 to £60 lower in the morning, with only 101 lots traded. Initial selling followed the New York's easier close on Friday. Trade houses were on botn sides of the market, but became net buyers at the lower levels, traders said. Commission house were generally126 words
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Article72 1977-10-04 8 LONDON, Mon. Lead eased by £2 for cash and £3 for Three Months in the morning. Hedge selling and liquidation pushed Three Months down to £338 on the premarket, but lower levels found covering support In the ring where the position traded back to £342. Lifting of force majeure72 words
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Article127 1977-10-04 8 THE Strait* tin price in Penang yesterday was up 14*20 to $1,781 on an official offering up five tonnes to 195 tonnes. In LONDON, yesterday, tin standard gained £2 for cash but lost £17 for Three Months while high grade rose by £45 and £25 respectively. Early proflttaking127 words
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Article207 1977-10-04 8 OOLD continued its upward trend after the weekend. The kllobar opened at 5512,195, compared to Saturday's closing of $12,175, and rallied to a high of $12,215 before closing at $12,203. Trading was thin. In the loco London market, It opened at U*****.55/ 154.75 and weakened slightly on profit-taking to207 words
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Article101 1977-10-04 8 LONDON, Mon. Copper wlrebars showed losses of £6.50 for cash and £5.50 for Three Months in the morning. Values sagged on the premarket to £699 per tonne for Three Months, reflecting currency considerations and a slightly larger than expected rise In warehouse stocks last week, dealers said. But the101 words
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Article56 1977-10-04 8 LONDON, Mon. SUver softened by mostly 0.1 pence per troy ounce In the morning. The market sagged initially In sympathy with the New-York close, but subsequently held quietly steady following the further strength In the gold price. Three Months traded upto 270.0 pence before final business at 209.8 pence56 words
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Article44 1977-10-04 8 LONDON, Mon. Zinc lost mostly £2.50 per tonne In the morning, following the general trend. Hedge and some fresh selling took Three Months down to £288 In the pre-market before short-covering In the ring steadied the position to £292. Sales were 2,725 tonnes.44 words
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289 1977-10-04 8 Reuter WASHINGTON, Mon. A US Agriculture Department (UBDA) senior economist projects world output of high protein meals In 1978 at 78.2 million tonnes (soybean meal equivalent), 11.6 million tonnes above the 1977 production. World vegetable, animal and marine oils and fatsReuter - 289 words
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1001 1977-10-04 8 AFP LONDON, Mon. Metal prices made all the running on the commodity markets last week under the leadership of gold which was at a two-year high while tin reached new record levels. Elsewhere, the trend was generally downwards, although not without feature asAFP - 1,001 words
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MONEY AND EXCHANGES
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Article506 1977-10-04 8 THE US dollar weakened against most currencies, especially against the Japanese yen and the Deutsche mark, In the Singapore forex market yesterday. Reeling against what seems to be a concerted wave of selling, the dollar Is expected to fall back further, dealers said. Against the Japanese yen, the US506 words
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Article54 1977-10-04 8 ACBC 7 6*, Al(eni(M Bank 6 l 7 Bangkok Bank 7 HSBC 6 Bank of America Indoauez 6»< Bank of China ....7 Malayan Banking 6V, Bank of Tokyo 6». 6 V Bank Negara OCBC 6'. Indonesia 7 OUB 7 Chartered Bank 6*4 UCB 7 7 L'MBC 754 words
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Article155 1977-10-04 8 Asian rates ASIAN currency depoalt rate* u at clow on Oct 3 interbank US Dalian (Spat) 7 days 1 mth 2 mth* 3 mth* flmths mth* 12 mth* ..•1/2 .8 7/8 .8 13/16 ..7 .71/4 ..7V1« .7 8/1# 8w. Fn 8 3/8 8 3/4 11/18 7/1 71/8 7 3/l« 7155 words
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Article46 1977-10-04 8 RANGE of price* offered by discount houses on Oct S. Overnight 3MH Call deposit 3* to 3*% CMaa BsylM MIIM 3- Month Treasury bills 3 3/18 31/16 3-Month Bank bills 47/1 43/4 3-Month CD 1/2 SS/16 •-Month CD 511/16 St/16 Source: National Discount Co. Ltd.46 words
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Article139 1977-10-04 8 Euro rates LONDON. Mon. Eurodollar deposit rates opened little changed and held steady In early fairly light trading, dealers said. Periods were unchanged apart from the One Month rate which was technically higher despite the loss of a Friday end of period. Dealers said rollover requirements were light and usual139 words
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Article258 1977-10-04 8 LONDON, Mon. The yen strengthened sharply to 261.10/30 to the dollar In opening trading here from 263.20/35 at Friday's close, extending its strong gain In the Far East, dealers said. Japanese dealers said they were receiving a great deal of enquiry but actual business was slow to develop. The258 words
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Article170 1977-10-04 8 TOKYO, Mon. The US dollar for overnight delivery closed after a hectic day's trading around 262.00 yen, down sharply from 263.90 at the opening and 264.50 at Friday's close. The Bank of Japan is believed to have bought dollars to slow the rise In the yen's value, although the170 words
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Article140 1977-10-04 8 HONGKONG, Mon. The US dollar fell sharply here on widespread selling pressure, led by a fall to 261.40/70 yen from Friday's mid-point equivalent close In New York of 264.83, dealers said. The US unit fell to 2.2965/75 marks from New York's 2.3188, and to 2.3360/75 Swiss francs from New140 words
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Article56 1977-10-04 8 AUSTRALIA/ NZ exchange rates on Oct 3: Australia: Sterling 0.8379/ 0.6312 U8 dollar 1.1115/ 1.1007 Ninety-Day air mall buying rates: Sterling 0 8620 US dollar 1.1306 Ninety-day forward buying rate*: Sterling 0.6303 US dollar l 0006 New Zealand: Sterling 0.9674/ 0 5543 US dollar 0 9786/ 0.8088 Ninety-day forward56 words
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Article39 1977-10-04 8 FRANKFURT exchanges opening quotes on Oct 3: US 2 2980/90 Can 2 1370/90 UK 4 020/030 Netil 83.80/90 Swltt 98.38/38 Italy 2.387/807 France 47 08/19 Norw 41.80/88 Belg com 6 44/45 Belg fin 6 49/46 Japan 0 8785/9539 words
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Article326 1977-10-04 8 LONDON, Mon. Trading in Eurobonds was quiet, with few price movements recorded, dealers said. Mark Eurobonds held quietly steady. Straight Canadian issues lost ground narrowly where changed, dealers said. Convertibles rose around point in relatively quiet trading while floating coupon notes showed little change. Eurobond prices opening quote* on326 words
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Advertisement306 1977-10-04 8 IN PENGUINS f Yukio Mishima firmly upheld the traditions of Japan's imperial past, which he believed were being slowly eroded by Western materialism. Disillusioned he astonished the world* in 1970 by committing hara-kiri or ritual suicide by disembowelment. One of his last works, Runaway Horses, is now published in Penguins.306 words
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TRANSPORT AND COMMUNICATIONS
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810 1977-10-04 9 AP NEW YORK Mon. The president of the Ford Motor Company is looking uneasily over his shoulder as Japanese car makers plan to increase their share of the US market. And he does not like what he sees. "It seems like I'm preoccupied withAP - 810 words
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Article429 1977-10-04 9 NYT NEW YORK, Mon. Container ship operations remained at a halt yesterday at 30 ports along the East and Gulf coasts as the strike by the members of International Longshoremens Association went through Its second day with no settlement In sight. Longshoremen continued to load and unloadNYT - 429 words
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Article, Illustration314 1977-10-04 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Hoegh Elite (0730 after Colorado) 47 Kosovo (2300 after Mendoza) 44 Mlnetaka Mara (JRDK) (1600 subject freeboai-d) Ocean Supply (Tanker) (0200 after Coral Princess) 42/43 Pontoon AK-1 (after Volsk) 5 Rajah Brooke (1100 shifts) 31/32 Ru Yung (after Hague Mara) 35/36 Straat Amsterdam314 words
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145 1977-10-04 9 Reuter CARACAS, Mob. Venezuela will ask for cuts in freight rates charged by merchant shipping lines serving Venezuelan ports after having partly overcome its ports congestion problem, head of the National Ports Institute Enrique Samaniego said. He told a news briefing the request will beReuter - 145 words
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Article375 1977-10-04 9 Reuter LONDON, Mon. Tanker owners are continuing to place vessels Into lay-up due to the prolonged recession on the freight market and the total tonnage affected now amounts to over 40 million long dwt, tanker brokers say. London shlpbroker Howard Houlder says 381 tankers and combination carriersReuter - 375 words
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Article276 1977-10-04 9 BARBER Blue Sea la a Joint service of Barber Lines Oslo, Blue Funnel Line Liverpool and the Swedish East Asiatic Company of Gothenburg for their US/Canada to Far East service, and the Far East to UB/Canada/Panama/Caribbean and Venezuelan service. BBS operates as many as 14 combination vessels276 words
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Article238 1977-10-04 9 APP LONDON, Mon. 811ghtly firmer rates were paid In the tanker market this week as the recent higher level of enquiry continued. The amount of tonnage entering lay-up In the last month has not risen at the rate at which many people had anticipated, with the quantityAPP - 238 words
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Article568 1977-10-04 9 ARRIVALS Service Local Operator Number Time From CAL CI331 0040 TPE/HKG/KUL CPA CX003 0145 HKO < TMA TL303B 0215 BEY/DXB/ BOM/KUL MAS MH682 0810 KCH CAL CI806 1000 HLP GIA GA980 1030 HLP SIA SQ211 1045 HLP OIA GA944 1055 PKU GIA QA908 1100 MES PAL PR501568 words
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Article, Illustration134 1977-10-04 9 MITSUI O.S.K. Lines has added a new containership, the Thame* Maru as the 19th containership, to the Trio group's fleet on the Europe/Japan-Far East route. The Thames Maru of 50,722 G/T has a service speed of 26.1 knots and carries 1,950 containers of 20-foot size.134 words
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Advertisement42 1977-10-04 9 SHIPPING AGENCY PTE. LTD SPECIALISED SHIPPING SERVICES WORLD WIDE REEFER CHARTERS HEAVY LIFT RO-RO VESSELS OFF SHORE SUPPLIES SERVICES CREW ROSTER AND MANAGEMENT LINER SHIPPING SERVICES FOR MORE DETAILS RING *****44 OR CALL AT: UOl-B MARINA HOUSE 70 SHENTON WAY SINGAPORE 242 words
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Advertisement226 1977-10-04 9 c k, C A smart case (Thud, Thud, Thud.) Judge: This, I am now handling, is a very good cose. It is the most spodous of the Attache coses. Ample foe samples Equipped with writing platform and secret compartments. And just for the record, the 49N is 5" thick. The226 words
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Article, Illustration2209 1977-10-04 10 William Dullforce - WHY SAAB-SCANIA, VOLVO MERGER OFF William Dullforce, in Stockholm, explains how acrimony and suspicion helped destroy a bold attempt to put the beleaguered Swedish car industry back on its feet William Dullforce FT X)N MAY 6 the chairmen «nd managing directors of Volvo and Saab-ScanlaFT - 2,209 words
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Article, Illustration1007 1977-10-04 10 ZAW WIN - By ZAW WIN Reuter RANGOON: After years of Isolation, Socialist Burma appears to be modifying its rigid policy of self-reliance and Is seeking outside aid to revive Its falling economy. It now wants to establish closer contacts with the outside world and to resurrect theReuter - 1,007 words
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Article, Illustration579 1977-10-04 10 ELIE MARCUSE - By ELIE MARCUSE AFP LONDON: Nearly two centuries after her European partners, Britain prepares to take the final steps into the metric system. As from 1978, the silent revolution that has brought Britain from pounds and ounces, yards, feet and Inches and pints andAFP - 579 words
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Article1076 1977-10-04 10 NATHANIEL SAMUELS - By NATHANIEL SAMUELS NYT NEW YORK: It Is Increasingly unlikely that the current multilateral trade negotiations will result in a significant liberalisation of International trade. In the aftermath of the oil price explosion and a worldwide recession, protectionism In one form or another has againNYT - 1,076 words
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Page 10 Advertisements
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Advertisement52 1977-10-04 10 NOW ON SALE at your regular bookshop. The phenomenal bestseller which has taken America by storm the story of a black American's search for his roots in Africa. ROOTS has sold over 1 1 million hardback copies since its publication and it is continuing to top the bestseller lists even52 words
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Advertisement133 1977-10-04 11 Now you can mix usiness 4' with pleasure. It's our first anniversary, October the first. Here \s a first-edition glass for a first-class thirst. To mark the occasion we are giving to all you White Label scotch drinkers one ol our first-edition glasses lree with every quart bottle you buy.133 words
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246 1977-10-04 12 AFP JAKARTA, Mon. A former director of the state bank and a real estate businessman have been arrested by the antl-cor-ruptlon team on charges of manipulating documents to secure 15 billion ruplahs (5987 million) In credits irhlch have still not been fepald.AFP - 246 words
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Article248 1977-10-04 12 THE annual number of tourists coming to Singapore will exceed the local population In future, the US Charge d'Affalres, Mr Edward Ingraham, predicted yesterday. He said: "Tourism Is a booming growth Industry. Each year more and more visitors arrive here and It Is only248 words
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Article47 1977-10-04 12 Reuter OTTAWA, Mon. Mr Lee Kuan Yew arrived here today from Montreal for trade talks with Canadian Prime' Minister Pierre Trudeau and External Affairs Minister Donald Jamleson. The Singapore Premier Is expected to discuss Canadian restrictions on imports of textiles with Mr. Trudeau. Reuter.Reuter - 47 words
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Article75 1977-10-04 12 MR. Lim Chee Onn, the Member of Parliament for Buklt Merah, will officiate at the opening ceremony of Singapore Kobe, which manufactures copper tubes. The company was Incorporated in August la3t year and began production In April this year. With a paid-up capital of $1.775 words
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Article702 1977-10-04 12 LONDON, Mon. Government bonds finished up to 1 1/4 points below Friday's closing levels on steady proflttaklng and lack of follow through Interest. dealers said. Trading was moderately active. Equities were mixed but with a firm undertone. At 3 pm the Financial Times tntlex was up 1.8 at702 words
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432 1977-10-04 12 Reuter TOKYO, Mon. Japan's visible trade surplus for the fiscal year ending next March will rise to a staggerins US$l4 billion (8934.2 billion), the Economic Planning Agency (EPA) predicted today. The agency said exports would rise 14.6 per cent to $79.5 billion, whileReuter - 432 words
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Article137 1977-10-04 12 THE Japanese yen surged to Its highest level In four years against the US dollar in Tokyo's foreign exchange market yesterday. Opening at 263.00 in the morning, the yen closed at 262.06 after hitting a high of 261.75 at one stage. Dealers said that137 words
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452 1977-10-04 12 A NANYANQ University economist believes that a common market or a customs union cannot be set up within the Asean region in the near future. However, the establishment of a free trade area on a selective basis over the next five to 10452 words
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270 1977-10-04 12 AT LEAST 15 prominent speakers will deliver papers at the Singapore Professional Centre (SPC) Convention which will be opened by Mr. S. Rajaratnam, the Minister (or Foreign Affairs, on Nov 25. Spacers at the three-day convention will Include Mr. Lee Khoon Choy, Senior Minister270 words
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377 1977-10-04 12 BRIDGEBTONE Singapore may diversify further Into other product lines besides braided hoses which are the latest addition to Its assembly line. Mr. K. Hat tori, senior managing director of Brldgestone Tire Co. of Japan, who opened Brldgestone Singapore's braided hose plant yesterday, said that as head377 words
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269 1977-10-04 12 HAMBURG, Mon. The growth in the volume of world trade next year Is likely to be 6 per cent after only about 5 per cent this year, the Hamburg Economic Research Institute said. This compares with the 12 per cent Increase for 1976269 words
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209 1977-10-04 12 AFP KUALA LUMPUR, Mm. Malaysia today wind (•T«ran«it would aot ckuft equity wdltkoi on ex port-oriented lad—tri— "raid-stream" in fit tow of Malaysians. 1W assurance «u given by the Minister of Trade and Industry Dotuk Heawt Abu Suuk when bo addressed a Malaysian investmentAFP - 209 words
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139 1977-10-04 12 AFP JAKARTA, Mon. Former Foreign Minister Adam Malik, 60, was today unanimously elected chairman of the 460-member Parliament, following three postponements of plenary sessions of the newly set up legislative assembly. The postponements resulted because the Muslim PPP and the Nationalist Democratic Party hadAFP - 139 words
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378 1977-10-04 12 OVERSEA-Chinese Banking Corporation la the only bank among the big four domestic commercial banks which has not raised Its prime rate to 7 per cent. It 1s pegging its prime at 8* per cent while Its rivals United Overseas Bank, Overseas Union378 words
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Article381 1977-10-04 12 THE Joint Standing Committee of Chambers of Commerce and Industry (JBCCI Is expected to meet on Oct 11 to discuss the composition of the Singapore delegation and the details of the four-day Asean Chambers of Commerce and Industry (ACCI) meeting opening In Manila on Nov381 words
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98 1977-10-04 12 UPI WASHINGTON, Mon. In a potential major victory for the nation's steel Industry, the Treasury Department tentatively ruled today that five Japanese steel companies are selling carbon steel plate In the United States at a substantial lon. As a result, the five com- paniesUPI - 98 words
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Article58 1977-10-04 12 Reuter JAKARTA, Mon. The Indonesian government today announced new economic policies aimed at boosting capital Investment. Minister for Administrative Reform J.B. Sumartin said the policies conatl- tuted a far-reaching restructuring and simplification of Investment procedures. Changes would give sweeping authority to an Investment coordinating board and would createReuter - 58 words
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Article90 1977-10-04 12 THE United Overseas Bank group has now the largest network of branches among commercial banks operating on an on-line savings account system. The system, which was launched yesterday, permits the group's savings account customers to make use of savings facilities from any one of UOB's 4590 words
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Article83 1977-10-04 12 THE Joint Standing Committee of the Chambers of Commerce and Industry (JSCCI) Is now screening applicants for the $5,000 a month post of secretary general of the proposed Singapore Federation of Chambers of Commerce and Industry. The federation, which will replace the ad hoc JSCCI, is83 words
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Article37 1977-10-04 12 THE Real Estate Valuers Association (Singapore) has changed Its name to Singapore Institutes of Valuers. According to SlV's president, Mr. Michael Sim, the change was approved at ao extraordinary meeting heM on Sept. 10.37 words
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Advertisement0 1977-10-04 12 *.^$?/~!:+-;|<?^@.@@)_*(.`!&?!]0 words
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Advertisement140 1977-10-04 12 INVESTMENT SEMINARS Presented by the five ASEAN governments Machine Asia, the region's first production engineering trade show with 400 exhibitors from 20 countries is hosting a programme of high level seminars led at ministerial level by official delegations from all ASEAN countries. Subjects include: National industrial development plans; National investment140 words
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