The Business Times, 7 October 1977
1977-10-07
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The Business Times
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Title Section10 1977-10-07 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, OCTOBER 7, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article78 1977-10-07 1 AP HONGKONG, Thurs. Director of Trade Lawrence Mills and an assistant director left tonight for Brussels to negotiate Hongkong's export quotas to the European Economic Community for the next five years. Mr. Mills will be Joined by Mr. David Jordan,, director of trade, Industry and customs andAP - 78 words
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Article71 1977-10-07 1 AP SEOUL, Thurs. South Korea plans to operate a foreign exchange market, patterned after those In Singapore and Hongkong, beginning early next year, the Finance Ministry said today. Ministry officials said forward transactions, bill discounts and syndications of loans will be Included In the projected exchange market operation.AP - 71 words
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Article64 1977-10-07 1 UPI BANGKOK, Thurs. Industry Minister Perm Llmplsawat has approved a plan for the govern-ment-owned. Offshore Mining Organisation (OMO) to re-negotiate Its contract with Billion Thailand Ltd. to avoid losing money, Thai newspapers reported today. Air Marshal Perm said the revision was necessary to enable OMO to pay increasedUPI - 64 words
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Article65 1977-10-07 1 Reuter MANILA, Thurs. Commercial banks have reduced their margins on foreign exchange transactions of US$lOO,OOO (*****,000) and above, banking sources said. Following amendments of the Bankers' Association of the Philippines rules eliminating fixed margins, the banks this week are quoting between one eighth and one quarter perReuter - 65 words
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Article52 1977-10-07 1 AFP PEKING, Thurs. China has established economic relations with over 160 countries and regions of the world, the official Chinese press said today. The official party paper, the People's Daily, disclosed the figure today In an article calling for the development of foreign trade "at a fasterAFP - 52 words
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Article55 1977-10-07 1 Reuter ROME, Thurs. World rice production Is rising this year, possibly to a new record, the UN Food and Agriculture Organisation (FAO) said today. Assuming a favourable conclusion of the Asian monsoon, FAO forecasted world paddy production at 351 million tonnes for 1977, exceeding last year's cropReuter - 55 words
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Article82 1977-10-07 1 AP NEW YORK, Thurs. The stock market today showed a slight loss on the news of the biggest wholesale price Index increase in five months. The Dow Jones average of 30 Industrials, down 14.64 points in the last two sessions, slipped another 0.26 to 837.06 In the firstAP - 82 words
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Chief Price Changes
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Article, Illustration164 1977-10-07 1 SHARES held very steady in selective trading on the Stock Exchange of Singapore ysterday. Generally, second and third liners moved higher on shortcovering. The Business Times index closed 3.14 points higher at 417.98 while the Straits Times Industrial index inched 0.41 point up to 260.83. Rites Most164 words
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Article102 1977-10-07 1 Rises Most active Tronoh 6.25 O. Ceramic 1.73 Berjuntal 7.10 Bolton 1.33 Lien Hoe 1.74 Oiympla 1.60 Sentosa 1.88 Inchcape 2.27 PDC 2.62 M. Weaving 1.09 Foils F.E. Levin gs ton 2.59 M an Tin 12.50 Rahman Hyd 3.70 Interwood 1.47 .30 .10 .10 .09 .09 .06102 words
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Article1039 1977-10-07 1 JOHN TAN - LAWYERS TOP THE LEAGUE By JOHN TAN THE legal profession in Singapore may be overcrowded, but year after year it continues to pull In fresh entrants, who no doubt have been lured principally by the rewards. No other profession in the Republic, according to the first1,039 words
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578 1977-10-07 1 AFP PARIS, Thurs. Leading industrial democracies vowed today to hold down their oil Imports in the coming decade in order to spare the world a disruptive energy crisis. The United States, Japan, Canada, New Zealand and their European partners in the International EnergyAFP - 578 words
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Article393 1977-10-07 1 CONSTRUCTION work Is in progress at AMF Tuboscope's $10 million oilfield pipe coating and Inspection plant In Jurong. The Singapore plant Is a part of the company's $30 million two-year expansion programme which also Includes setting up similar plants in Berlalmont, France and Casper,393 words
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Article37 1977-10-07 1 PARIS, Thurs. US Undersecretary of Btate for Economic Affairs Richard Cooper said today he saw latest developments at the Oeneva sugar conference as "concrete evidence" that progress was being made towards solving world commodity problems.37 words
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329 1977-10-07 1 UPI WASHINGTON, Thurs. Wholesale prices in the United States rose 0.5 per cent in September, the Labour Department said today. It was the largest increase since April and a signal that summer-long stability in the inflation rate may be nearing an end. PricesUPI - 329 words
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619 1977-10-07 1 AP TOKYO, Thurs. The US dollar plummeted to Its lowest level against the yen In four years on the Tokyo foreign exchange market today despite massive Intervention by the Bank of Japan. The dollar, which dropped to 258.55 yen at one stage, closedAP - 619 words
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Page 1 Advertisements
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Advertisement59 1977-10-07 1 SAFE WITH AN ITOKI SAFE BUSINESS MACNMES SYSTEMS (S) PTE ITO 47 Podium Block. GoKJKill Pl«i» H+mlon Ro«d &ngapor« U *****94£ CM)I« BUSNESTEMS S."O«XXt Ovtrwu New*/ TV Radio Oversea* New*/ Cro** words Local Co. New* Oversea* Stock* —Pi Commodities Transport 6 P3 Communication* P4 Features International Co News— P5 Local59 words
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Advertisement160 1977-10-07 1 We have a history of making our depositors' savingsgrow The history of Lombard North Central goes back more than 100 years. So it's really no surprise that our steady growth has made us an important name in British banking and finance. Individuals and institutions the world over make their mones160 words
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Advertisement3 1977-10-07 1 SEE PAGE 2 !^>]}.?:|."-(\>&`%{@&^@*'"\-
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OVERSEAS
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413 1977-10-07 2 NYT WASHINGTON, Thurs. The Commission on Federal Paperwork has issued Its final report and quietly terminated its two-year fight against paperwork. The report, which was delivered to President Carter last week, attributed overwhelming amounts of paperwork to government lnsensltlvlty and poorNYT - 413 words
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263 1977-10-07 2 AFP LONDON, Thurs. Government aid in restricting imports of stainless steel cutlery from the Far East is being actively sought by the British manufacturers in a bid to save the local industry, it was revealed at a press conference here yesterday. Global quotasAFP - 263 words
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256 1977-10-07 2 Reuter KUALA LUMPUR, Thurs. Bolivian ambassador to Malaysia Carlos Iturralde •aid tin producing countries should form a united front on prices. The International Tin Council (ITC) had not been operational recently because it has no tin in its buffer stock to control the priceReuter - 256 words
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Article110 1977-10-07 2 Reuter ROME, Thurs. Italian Foreign Trade Minister Rinaldo Ossola is likely to finalise details of a US$65O million (551.59 billion) export credit agreement with the Soviet Union on a planned visit to Moscow on Nov 20, ministry sources said. The credit, for the purchase ofReuter - 110 words
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Article31 1977-10-07 2 AFP NEW DELHI, Thurs. A West German official delegation will arrive here on Monday for talks on their country's economic aid to India during the current financial year. AFP.AFP - 31 words
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858 1977-10-07 2 Reuter NYT GENEVA, Thurs. The UN sugar conference finalised agreement on all basic issues for a new international sugar agreement (ISA) at an executive committee meeting, conference chairman Ernest Jones-Parry said. Following Cuban acceptance of a Brazilian proposal on minimum export entitlements,Reuter; NYT - 858 words
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474 1977-10-07 2 Reuter PARIS, Thurs. Ministers from top non-communist industrialised countries today signed seven agreements for the development of new energy sources. The new agreements involving 17 of the International Energy Agency's (lEA) 19 member countries, cover the development of energy derived from coal, solar,Reuter - 474 words
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Article201 1977-10-07 2 Reuter ROME, Thurs. Reduction and reform of public spending is one of three priorities facing Italy In efforts to restabllise its economy. Foreign Trade Minister Rlnaldo Ossola said. The others are containment of labour costs and a structural policy for public and private Investments, he added.Reuter - 201 words
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Article38 1977-10-07 2 Reuter MANILA, Thurs. The Philippines is spending 9.6 million pesos (553.2 million) this year for research and development of non-oil and non-conventional energy sources, the Energy Development Board said in a statement today. Reuter.Reuter - 38 words
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593 1977-10-07 2 UPI LONDON, Thurs. Three hundred years ago this month a dashing baronet married a 12-year-old London girl and as a result the US government has a landlord today. So do the embassies of 21 other countries, not to mention hotels like the Connaught and Clarldges. andUPI - 593 words
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266 1977-10-07 2 FT LONDON, Thurs. Ownership of John Morrell, a long-established Liverpool canning and food importing company, is to be vested in a trust for its 600 employees under a deal arranged between its 83-year-old former chairman and United Brands, the giant US foodFT - 266 words
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176 1977-10-07 2 Reuter ABU DHABI. Thurs. Recent moves towards better international understanding of the Arab position in the Middle East would encourage moderation at the Opec oil price conference in December, United Arab Emirates (UAE) Oil Minister Mana Al-Oteiba said. He said here hisReuter - 176 words
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410 1977-10-07 2 AP WASHINGTON, Thurs. President Carter's economic advisers are telling him that his twin goals of a balanced budget and low unemployment by 1981 probably cannot both be achieved, Administration sources say. Faced with a choice, these sources say, Mr. Carter has decidedAP - 410 words
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299 1977-10-07 2 FT LONDON, Thurs. In an important initiative, the Bank of England is planning to create a panel of senior academic economists to provide a forum for discussing major policy issues. The first meeting of the group, together with senior officials fromFT - 299 words
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Article69 1977-10-07 2 Reuter RIYADH. Thurs. Saudi Arabian oil production fell to 8.13 million barrels a day during August from over nine million barrels in July, the Under-Secretary of the Ministry of Petroleum and Mineral Resources AbdulAzaz Al-Turky said. Of the total production, 8,007,734 barrels were produced by the ArabianAmericanReuter - 69 words
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Article187 1977-10-07 3 Reuter BRUSSELS, Thurs. The dollar is likely to drop in the short-term from its present level of around 2.30 marks on continuing concern over the US balance of payments and trade positions, First National Bank of Chicago vice president and senior foreign exchange dealer AndreReuter - 187 words
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Article120 1977-10-07 3 Reuter NEW YORK. Thurs. The US economy will grow a real 4 to 5 per cent next year and 4 per cent In 1979. but a recession is probable in 1980, spilling over into 1981, Citibank senior vice president Leif Olsen said. The recession willReuter - 120 words
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Article122 1977-10-07 3 Reuter WASHINGTON. Thurs. US commercial and industrial loans outstanding amounted to U*****.21 billion (*****.31 billion) In the week ended Sept 28, off $108 million from the previous week but 57.06 billion above a year earlier. Loan sales were 2.78 billion, off $38 million from a week earlierReuter - 122 words
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Article56 1977-10-07 3 Reuter BRIGHTON, Thurs. Britain's Labour government received a new call from its annual party conference for a reform of the tax system to favour the lower paid. The conference overwhelmingly approved a motion calling for an annual wealth tax and for lower income earners to be takenReuter - 56 words
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789 1977-10-07 3 Reuter BONN, Thurs. The latest West German economic statistics showing a rise In industry's new orders In August but stagnant production, confirm the more gloomy growth picture that emerged in recent months, government officials said. Figures from the Economics Ministry showed manufacturingReuter - 789 words
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496 1977-10-07 3 NYT WASHINGTON, Thurs. Representative Charles Vanik, the Ohio Democrat, has urged President Carter to hold steel imports to 18 per cent of domestic consumption from the current 20 per cent and provide tax and other advantages to speed the Industry's modernisation asNYT - 496 words
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Article100 1977-10-07 3 AFP VANCOUVER, Thurs. Canadian Industry, Trade and Commerce Minister Jack Horner said here that there was truth In Japanese criticism of the business climate in Canada. But, he said, the government of Canada did not Intend to let the Japanese have things all their own way. Mr.AFP - 100 words
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Article158 1977-10-07 3 Reuter LONDON, Thurs. West German savings are currently at a normal level of about 13.5 per cent of disposable Income after decreasing continually from highs around 17 per cent In 1975, Mr. Helmut Geiger, president of the German Savings Bank and Giro Association, said. He saidReuter - 158 words
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Article43 1977-10-07 3 FRANKFURT, Thurs. West Germany's net monetary reserves were unchanged at 84.9 billion marks (5589.1 billion) In the week ended Sept. 30, the Bundesbank said. The Bundesbank said net currency reserves remained unchanged at 74.3 billion and non-currency reserves stayed at 10.6 billion.43 words
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Article1003 1977-10-07 3 TO LIBERALISE OR TIGHTEN SUPPLY? NYT NEW YORK, Thurs. Has the Federal Reserve been too tight or too loose? Curiously enough, the central bank of the US has been excoriated In recent days by critics on opposite sides. The monetarists, Including those In Congress as well asNYT - 1,003 words
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234 1977-10-07 3 Reuter LONDON, Thurt. The Henley Centre for Forecasting said the UK faces a sharp deterioration in its non-oil payments account because of upward pressure on sterling. UK manufacturing industry exports about 60 per cent of its output. With a stable exchange rate and worseningReuter - 234 words
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Article259 1977-10-07 3 Reuter WASHINGTON, Thurs. The International i Monetary Fund auctioned 524,800 ounces of gold at an average price of U*****.14 (*****.54) per ounce. The IMF said successful bids at the auction yesterday under the bid price method ranged between $154.99 to $157.05 per ounce. The IMF saidReuter - 259 words
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Article62 1977-10-07 3 Reuter SASKATOON (Saskatchewan), Thurs. Canadian Transport Minister Otto Lang has reported here that Canada can expect to maintain traditional. levels of grain sales to China and Japan. Mr Lang returned from a three-week trip from Asia and told a news conference yesterday he was successful in sealingReuter - 62 words
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Article147 1977-10-07 3 Reuter RIO DE JANEIRO, Thurs. Mr. Fernando Roquette Reis, president of the staterun Valezdo Rio Doce (CVRD) mining and export company, announced a new gold find In the Amazon Basin which he said promises to be the largest ever discovered In Brazil. Speaking to reportersReuter - 147 words
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Page 2 Advertisements
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Advertisement429 1977-10-07 2 A SYARIKAT PEMBANGUNAN DAN PENGURUSAN TRENGGANU BEHHAD TBENGGANU DEVELOPMENT MANAGEMENT BERHAD INTERIM REPORT FOR PERIOD ENDING 30TH lUNE. 1977 The Directors have pleasure in submitting the following audited interim report: 6 months ending 30.6.76 6 months ending 30.6.77 PROFIT LOSS ACCOUNT Profit after taxation Add unappropriated profit b/f Less prior429 words
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Page 2 Miscellaneous
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Miscellaneous7 1977-10-07 2 BhStcW fWj< >rj^; MefiC. uJt MP»ve '•J*.!','."7 words
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Miscellaneous303 1977-10-07 2 THE WEATHER WEATHER report for 24 hour* prior to 7.30 p.m. on Oct. 6 at Singapore airport. Maximum Temperature 30.2° C Associated Humidity 68 Minimum Temperature 23.9° C Associated Humidity 97 Hours of Sunshine 3.15 Rainfall in Millimetres .nil Rainfall for the Month 11.8 Total Rainy Days for the Month303 words
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Page 3 Advertisements
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Advertisement193 1977-10-07 3 iiijwiicieasct The Biggest Difference Is In The Bill All the good things you expect await you at the Tradewinds Manila. A large-sized swimming pool, matching sundeck and nearby sauna. A Cantonese restaurant, the Golden Dragon, that's considered outstanding in a city that knows good food. A kind of courteous service193 words
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Page 3 Miscellaneous
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Miscellaneous603 1977-10-07 3 TWO-IN-ONE CROSSWORD 13 PA CRYPTIC PUZZLE ACROSS I Fairground music? (5) 6 Extra thin (5) 9 Food that builds up Mae a lot (7) 10 Doc may get Ous these medicines (5) 11 Open signs of fatigue (5) 12 Sent up the pole? (5) 13 Radio money (7) 15 All603 words
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COMPANY NEWS
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597 1977-10-07 4 EARNINGS AT Singapore Finance declined by a wider margin for the year ertded April 30, 1977. This second consecutive decline saw group operating pre-tax profit slipping 15.3 per cent to $2.88 million against the marginal fall of 3.3 per cent In the previous year597 words
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Article219 1977-10-07 4 MALEX ASBESTOS Cement has raised pre-tax profit by a hefty 86 per cent to M 51.19 million for the first six months to end-June 1977. But what has proved more remarkable was the company's ability to sustain such a massive increase on an improvement In219 words
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Article91 1977-10-07 4 THE following company meetings are due: Hume Industries (Far East) Ltd: Oct. 10 at 12.00 p.m. at the Registered Office, 13.7 km Buklt Tlmah Road, Singapore. The Bukit Katil Rubber Estates Bhd: Oct 15 at 12.00 noon at the Registered Office, No. 22 (Upper Floor of No. 20),91 words
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194 1977-10-07 4 MALAYAN CABLES' fire-tax profit for the lrst half-year ended June 30, 1977 rose 31.3 per cent to Mi 1.05 million on a sales upturn of 19.7 per cent to $14.70 million, Indicating an improvement In margins. In the comparable 1976 half, earnings slumped about194 words
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375 1977-10-07 4 JUSTIFYING Its directors* "conservative, optimistic" forecast of better returns this year. Paper Products (Malaya) turned In a 62 per cent Increase In unaudited group pre-tax profit to M 5449,914 for the six months ended June 30, 1977. Group sales were up 11 per cent375 words
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Article149 1977-10-07 4 YEO HIAP Seng has realised a small profit from the recent sale of part of its Australian Investment. The transaction Involved the sale of the entire shareholding of about 14 per cent In the equity of Australian Bacon Ltd. by Glen vale Pastoral Co.149 words
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Article504 1977-10-07 4 c Current Ex Date Total for Total tar p ayment Date payable the year previous year G.E. Life 11% Sept 26 Oct 8 11% 29% Jack Chia-MPH 10% Sept 19 Oct 10 10% 8% Hume F.E. 5% Sept 19 Oct 10 10% 9%(a) Bata 6%I Sept 1 Oct504 words
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345 1977-10-07 4 ASSOCIATED Plastics Industries may be in for a slight breather after the battering it received In the past two years although group pre-tax profit of M 5251,000 for the first half to June 30, 1977 is still modest compared with its previous profit records.345 words
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371 1977-10-07 4 Mutual funds do better than S P index NYT NEW YORK: The average mutual fund lost ground In the first nine months of this year, even though It outperformed the Standard and Poors 500-stock Index. A compilation of the results posted by 386 funds with US$46 billion In assets showedNYT - 371 words
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Article1345 1977-10-07 4 On Oct 5 TRADING In options on the Chicago Board Options Exchange came to 90,249 contracts compared with 99.624 contracts on Tuesday. OPTION OCT JAN APL STOCK Alcoa 40 NOL 4 3/4 UNTRD 43 7/8 Alcoa 45 3/8 1 3/4 2 7/8 43 7/8 Alcoa SO UNTRD1,345 words
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Page 4 Advertisements
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Advertisement1024 1977-10-07 4 China trade... a US$2O billion goldmine Here's how you can tap-it In a series of bold moves, China's new leadership has embarked on an ambitious economic development program aimed at accomplishing the modernization of the country's industry, agriculture, technology and national defence. According to senior officials interviewed in Peking, China1,024 words
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INTERNATIONAL COMPANY NEWS
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Article268 1977-10-07 5 EUROPEAN COMPANIES Reuter LONDON, Thurs Pre-tax profit at Peninsula and Oriental Steam Navigation Co. Jumped 102 per cent from £13.3 million to £26.91 million for the six months ended June 30, 1977, boosted by profits from ship sales and a civil engineering claim. Sales Increased by aboutReuter - 268 words
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233 1977-10-07 5 Reuter BRIGHTON, Thurs. UK Employment Secretary Albert Booth said the government Is seeking to ensure that all pay settlements are within government policy. Including Ford. Mr. Booth was commenting on speculation that the government could be forced to allow aReuter - 233 words
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Article166 1977-10-07 5 Reuter LONDON, Thurs. Shell UK expects to commit over £3 million In 1978 to projects aimed at saving energy, deputy chairman and chief executive, Mr. H.B. Greenborough, said. He told a council of British manufacturers of Petroleum equipment dinner that over the last three years, Shell hasReuter - 166 words
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Article106 1977-10-07 5 Reuter LONDON, Thurs. City Investing Finance, an International unit of City Investing, plans to Issue a US$25 million 12-year Eurobond, final terms of which are expected to be set on or about Oct 12, lead manager Blyth Eastman Dillon and Co International said. Proceeds of theReuter - 106 words
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Article157 1977-10-07 5 Reuter LONDON, Thurs— Pre-tax profit at Fisons declined about 18 per cent from £10.32 million to £8.51 million In the six months ended June 30, 1977 despite an Increase of 18.5 per cent in sales. Sales amounted to £138.25 million, up from £116.65 million previously.Reuter - 157 words
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751 1977-10-07 5 NYT NEW YORK, Thurs. Investors seem to be anticipating the worst for Savin Business Machines at least regarding the uninterrupted flow of copying machines from Savin's manufacturing associate, Ricoh of Japan, a company with which SavinNYT - 751 words
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328 1977-10-07 5 Reuter BRUSSELS, Thurs. The production of crude oil from the Ekofisk field In the North Sea has Increased to an average of about 320,000 barrels a day from around 300,000 barrels In September, while natural gas production has risen to 15 million cubicReuter - 328 words
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Article277 1977-10-07 5 Reuter LONDON, Thurs. Thomson Organisation suffered a marginal decline In the first half-year ended June 30, 1977 with pre-tax profit slipping to £4.97 million from £5.32 million previously. Turnover, however, recorded an increase of 18 per cent to £154.02 million from £130.19 million (restated). InterestReuter - 277 words
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Article98 1977-10-07 5 Reuter ZURICH, Thurs. Swiss industrial companies view business developments in the fourth quarter optimistically, expecting a rise in Incoming orders, production and turnover, Swiss Bank said. The bank's latest quarterly survey showed that the number of companies expecting an Increase In incoming orders has doubled toReuter - 98 words
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Article148 1977-10-07 5 Reuter LONDON, Thurs. The medium-term Eurocredit for Companhla do Metropolitano do Rio De Janeiro was Increased as expected to US$2lO million from earlier targets of $200 million and $170 million and signed here yesterday, the Brazilian Embassy said. The loan, to help finance the Rio subwayReuter - 148 words
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Article48 1977-10-07 5 JOHANNESBURGThurs. Production loss at East Drlefonteln Gold Mining Is a tentative 30 per cent following a fire which brok. out recently, a mine spokesman said. The spokesman said seals have been Installed in the area some 1,450 metres below the surface In November Two shaft area.48 words
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Article115 1977-10-07 5 Reuter LONDON. Thurs. Private holdings of ordinary shares of UK listed companies fell to 40 per cent of the total market value at end-1975 from 49.5 Der cent at end--1969 and 5o per cent at end--1963, the Industry Department said. A sample based on 300 sharesReuter - 115 words
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264 1977-10-07 5 ASIAN COMPANIES Reuter SYDNEY, Thurs. On a sales Increase of 11.5 per cent. Tooheys Ltd. lifted unaudited consolidated net operating profit up by 33.5 per cent from A 55.11 million to $6.82 million for the year ended July 31, 1977. Sales including exciseReuter - 264 words
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Article89 1977-10-07 5 Reuter TOKYO, Thurs. Sony Corp. raised its final dividend by five yen to 15 yen for the year ending Oct 31, 1977, making a total of 25 yen against 20 yen previously. The company said the increase follows anticipated record results for the year, following group netReuter - 89 words
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220 1977-10-07 5 MELBOURNE, Thurs. BH South incurred another sizeable loss in the year ended June 30, 1977. Unaudited consolidated operating loss amounted to A 53.97 million against a loss of $5.1 million in the previous year. The reduced loss arose from an Increase of 42220 words
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733 1977-10-07 5 NYT NEW YORK, Thurs. Gold stocks, the market's standout group in inflation-ram-pant 1973-74 when the sky was falling for most other Issues, have regained some of their lost lustre. Last week, all four of the major gold Issues trading on the NewNYT - 733 words
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Article510 1977-10-07 5 NORTH AMERICAN COMPANIES NYT NEW YORK, Thurs. Mr. Arthur Levitt Jr., president of Shearson Hayden Stone, will be elected as vice chairman of the American Stock Exchange today. Wall Street sources said. The election to the senior non-paid position on the Amex Board ofNYT - 510 words
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Article163 1977-10-07 5 Reuter B.F. GOODRICH said It agreed to form a Joint venture corporation with Bechtel to produce chlorine, caustic soda and ethylene dlchlorlde (EDC). Although Goodrich would not say how much the production facilities will cost. It did say that financial Institutions are committed to providing moreReuter - 163 words
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Article86 1977-10-07 5 Reuter US Steel said It Is closing its electrical cable division plant In Worcester, Mass., which employs 450 workers. The plant was closed because of lack of productivity. In addition, a company spokesman said employees at the plant had been on strike since Aug 1 and thatReuter - 86 words
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Article58 1977-10-07 5 Reuter TENNECO said It decided not to proceed with a proposal to acquire the Hatco Oroup of W.R. Grace and Co and Oxochem Enterprise, a Joint venture between Orace and Orr.imonwealth Oil Refin- ing. Tenneco said there was no single reason for Its decision, but it wasReuter - 58 words
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Article90 1977-10-07 5 ADELAIDE, Thurs. Delhi International Oil Corp reported that the Kidman No. One exploratory well In the onshore Cooper Basin, South Australia, flowed 11.1 million cubic feet of gas a day from the interval 6,710 to 6,773 feet in the Basal part of the upper permlan90 words
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Article17 1977-10-07 5 SYDNEY, Thurs. CSR said its cash and conversion $10 million debenture offer has been oversubscribed.17 words
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Article131 1977-10-07 5 MELBOURNE, Thurs. Earnings and sales Increased slightly at Myer Emporium In the year ended July 31, 1977. Unaudited consolidated operating profit rose 4.6 per cent to A 544.65 million from $42.68 million on sales up by an Identical margin to 51.02 billion from $976.59 million previously.131 words
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Article102 1977-10-07 5 Reuter CARACAS, Thurs. Yamaha Motor will take part in a Joint venture to manufacture motorcycles in Venezuela, Yamaha E resident Hlsao Koike said ere. A company to be established Jointly with Venezuelan interests will spend US$2B million on a plant to be built shortly in the Andean town ofReuter - 102 words
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Article57 1977-10-07 5 Reuter OSAKA, Thurs. Sanyo Electric said it has acquired a 20 per cent stake in Autocrat Holding of New Zealand to Jointly manage the latter's subsidiary. Autocrat Radio. The company said it will provide Autocrat Radio with technical assistance to manufacture radios, hi-fi stweo systems and colourReuter - 57 words
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Page 5 Advertisements
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Advertisement31 1977-10-07 5 COME TO THE BLACK TOWER i IK SSL^sSE 'MSM'- 4CJ m *k ■*<st <Sf f 5 Enjoy the chilling taste of Germany's finest white wine. Another quality product from Sime Darby31 words
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Article2351 1977-10-07 6 1*77 High Low Company Last Sale +orGr* div Div c'vr Gr'i y'U Nat P/E Vol C0») 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 Bata2,351 words
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Article1354 1977-10-07 6 BID and offer prices officially luted and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in lota of 1.000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "Sett Big Board1,354 words
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Article1549 1977-10-07 6 810 arid offer prices officially listed and business In and reported to the Kuala Lumpur Stork Exchange yesterday with the number of (hares traded shown In brackets In lota of 1.000 units unless otherwise specified INDUSTRIALS AJinamata (2.08B) (m) 2.97. AI Mm (1.788). A. Oiec (1.02B) (3)1,549 words
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Article73 1977-10-07 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, hid and offer prices and business done yesterday, with the number of options traded shown in brackets. C and C (Dec SI 90)(-) (2) 0.35. Inchcape (Dec $2.40) (0.158). (March $2.40) <o..wn73 words
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Article143 1977-10-07 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' priosi for Oct 7) (Current p ricea) The Commerce 1.72 1.82 INCOME BOND 1 08 1.14 The Saving Fund 1.03 1.00 MARA BUMIPUTRA FUND S pore Prof Fund 0.82 0 87xd (Maaagcra' pricm I far Oct 7) 8 'pore Security First143 words
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Article173 1977-10-07 6 B O T 8 1/2% 1981 (100,000) (101 7 iß 102'»S) B O T 7 5/8% 1984 (100,000) (98HB 99M»S) L T C B J 1982 (100,000) (98SB 98 %S) Credit Lyonnaia Floating 1983 (100.000) (97%8 98 l, »S) DBS Converts C 1/2% 1991 (100,000) (96*8 97 *F)173 words
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Article133 1977-10-07 6 Rep Spore D Mark 7% 1982 (100.000) 101KS) Rep Spore 6 1/2% 1983 (100.000) (99V«8 100KS) Rep Spore 7 3/4% 1987 (100.000) (99V«8 100 4 3/4% 1/5/79 (250,000) (100 408 100.555) 7% 1/7/79 250,000) (101.40S) 5 1/4% 15/19/79 (250,000) (101.60S) 5 3/4% 1/6/78-80 (250,000) (101.008 10J.305) 6 3/4%133 words
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Page 6 Advertisements
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Advertisement176 1977-10-07 6 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre > Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these176 words
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Article, Illustration668 1977-10-07 7 SHARES HELD very steady la asiective trading on tkc Stock Exchange of Singapore yesterday. The balk of the activity was still ceaflaad to selected cewtws la which contra d— Hag was fhirly active. Second and third liners aovtd generally higher on short-covering. By and bug* the market668 words
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Article369 1977-10-07 7 THE KUALA LUMPUR Stock Exchange continued to show improved sentiment yesterday with most prices taken above the overnight levels. However, as In the previous day, price gains were in the range of a few cents. Right from the opening session, buyers turned up to post higher bids369 words
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INTERNATIONAL STOCK MARKETS
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Article343 1977-10-07 7 HONOKONO: The market closed slightly filer in fairly quiet trading on Thursday, dealers Mid. The Hang Seng Index fell 0.08 point to 429.42. Hoagkeag Bank and Swire Pacific fell 10 each to 18.00 and 8.30 respectively, and HatcMsea and Wkeslsek Msrdsn 2.50 cents each to 3.22S and 2.525 respectively,343 words
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Article479 1977-10-07 7 TOKYO: Share prices eased as export-orientated shares lost ground on Thursday following the yen's appreciation against the dollar on the Tokyo foreign exchange market, dealers said. The Dow Jones average fell 0.06 to close at 5,237.43 with volume 340 million shares. The New Index closed at 385.05, down 1.40.479 words
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Article402 1977-10-07 7 SYDNEY: The market closed lower on continued election speculation on Thursday, although mines were mixed with uraniums and golds firm, dealers said. The Sydney AU-Ordlnarles fell 0.74 point to 424.15. PancMtiaeatal rose 10 to 7.40, Queeaalaad Mine* five to 1.80 and Peko Wallsead 10 to 4.40. Among golds, Ceatral402 words
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Article150 1977-10-07 7 MANILA: The market closed firm on Thursday with all sector averages advancing and turnover rising to 9.90 million pesos from Tuesday's 7.48 million, dealers said. Atlas gained one point while other mining Issues maintained their prior level. Phil Oversea! led oil Issues, gaining four points and Oriental advanced by150 words
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Article124 1977-10-07 7 OCT 88 Bahtt AM* Fibre IN ♦3 Bangkok Bank m -2 Bangkok Invest no -2 Bangkok-Metro-poll ixn Bank Bala 7008 unch BerliJucker 440 -i Charoong Thai Wire 221 ♦8 Dumex Dualt Thanl 2»» ♦J Faber Merlin -J First Trust 220 unch Oenera Finance 267 -I Indo-Thal Industrial Finance Corp124 words
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Article296 1977-10-07 7 AMSTERDAM: The market closed generally lower on Wednesday following Wall Street s overnight decline. fioofoveni and Royal Dutch led declines In Dutch Internationals losing 0.70 and 1.30 guilders respectively. Akso edged higher. Elsewhere, lower shares Included Vaa Ommeren, KLM, ABN and Gistbrocadea. Bo la, Deli, Ahold and Hilax, 2.50296 words
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Article139 1977-10-07 7 BRUSSELS: Prices closed mostly lower In line with Wall Street In moderate trading on Wednesday, with the government's proposed budget deficit also depressing prices, dealers said Rises were shown by UCB, Aiturienne and Vieille MonUpie but Reserve, Sidro. Clabec, ACEC, Socfln and Momm all fell. OCT OS Fra FORWARD139 words
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Article297 1977-10-07 7 FRANKFURT: The market was mixed with a firmer bias In active trading with domestic and foreign Investor buying pushing up certain shares on Wednesday. dealers said. Banks were stronger with Deutsche Baak gaining 2.50 marks, while chemicals and electrlcals were barely steady and stores were mixed. Public bond prices297 words
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Article146 1977-10-07 7 MILAN: Stocks mostly eased In thin dealings on Wednesday, bourse sources said. Saia Viacoaa. Pirelli E C and Olivetti Privilaced were Isolated gainers In depressed Industrials. Aisicuraxioai Geaerali and Medlobaaca were marginally lower. Geaerale Immobiliare firmed but other flnanclals eased. Bonds were firmer, dealers added. OCT OS Lire Anlc146 words
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Article318 1977-10-07 7 PARIS: The market was mixed In thin trading on Wednesday. Interrupted by a bomb scare, dealers said Banks and foods were firm, constructions, hotels, engineerings, electrlcals, oils and chemicals easier on balance. Foreign stocks followed Wall Street lower, although golds and German issues were steady. OCT Frs CORBEJLLE Alr-Llquide318 words
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Article111 1977-10-07 7 ZURICH: The market continued narrowly mixed and lacking new Incentives on Wednesday, dealers said Swiaaair bearer eased while Its registered stock advanced. Banks edged higher. Among irregular flnanclals, OerUkoaBuekrle lost some ground after a steady opening. Preaae Finaai closed off the top. Insurances ruled steady to easier. Leading Industrials111 words
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Article389 1977-10-07 7 JOHANNESBURG: Gold shares were mixed in moderate trading on Wednesday, dealers said. Financial minings were quiet and generally traded at previous levels. De Beers was unchanged at 503 cents. Platinum shares traded around previous levels. In coppers. Palamia was off the top at 790 cents after reaching 808 (725)389 words
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Article295 1977-10-07 7 TORONTO: The market closed lower In moderate trading on Wednesday, with the composite Index down three points and declines leading advance* by 210 to 106. Metals were among the weakest groups, laco A was off to to 20H, Alaaa Aluminium to to 25t0 and Nsraada A to to 23t0.295 words
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Article1235 1977-10-07 7 NEW YORK: The stock market ran up another loss on Wednesday In the absence of any constructive news but trading was fairly sluggish. Analysts said the market Is responding to a continuous rise In short-term Interest rates and worries by some Investors that the Federal Reserve Board has1,235 words
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Article61 1977-10-07 7 FINANCIAL TIME8 INDUSTRIALS Wednesday 516.8 Tuesday 512.8 Week Ago 519.5 DOW JONES AVERAGE INDUSTRIALS Wednesday 837.32 Tuesday 842.00 Week Ago 834.72 LONDON DOLLAR PREMIUM Wednesday 90W to 91 Tuesday 90S to 90% H.K. HANG SENG Wednesday 425.51 Tuesday 425.40 Week Ago closed SYDNEY INDUSTRIALS Wednesday 363.22 Tuesday 364.39 Week61 words
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Article85 1977-10-07 7 Reuter LONDON, Thurs. The Madrid Water Company, Canal de Isabel n, owned by the Spanish Finance Ministry is raising between US$4O million and $50 million through a group of international banks led by Dillon, Read Overseas Corp, eurocurrency banking sources here said. The Interest marginReuter - 85 words
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Article74 1977-10-07 7 Reuter PARIS, Thurs. The Moroccan state phosphate concern, Office Cherlflen des Phosphates (OCP), has obtained a US$5O million seven-year stateguaranteed credit for a development project, a spokesman for Joint lead manager, Franco-Arab Bank International, said. About $35 million be syndicated at terms Including a spread ofReuter - 74 words
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Page 7 Advertisements
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Advertisement403 1977-10-07 7 BUSINESS TIMES Airline Directory AtfoHot Soviet Airlines 110-112 Shaw Centre, Orchard Rood, (T«i: 377.111) Air Ceylon 302-B, 3rd Floor, Morina House Shan ton Way, Singapore (1) (Tai: *****88) Air Franca Ground. Floor, ICB Building, Shan ton Way Singapore 1 (Tal: *****11) 16th Floor, UIC Building, Shan ton Way, Singapore 1403 words
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COMMODITY REPORTS AND PRICES
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Article452 1977-10-07 8 OPENINO quotations in the Singapore rubber market yesterday were marked up 0.75 cent following slightly steadier London advices and afterhour steadiness. The market then slipped back half a cent on lack of buying support, dealers said. Speculative support and short-covering interest later took levels higher452 words
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Article27 1977-10-07 8 Rubber: Oct Singapore: October 215.75 (up 1.50 centa) Malaysia: November 219.25 (up 1.75 centa) Tin: >1,830 (up Sl2) Official offering: 200 tonne* (down 11 tonne*)27 words
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Article310 1977-10-07 8 R.A.S. prices In cents per kilo yesterday Noon (per kilo) Buyers Sellers Int 1 R.S.S prompt f o b. 213.30 214.50N Int. 1 R.S.S. Oct 214.50 215.00 Int. 1 R.S.S. Nov 216.25 216 SO Int. 2 R.S.S. 212.25 213.25N UK/Cont. 211.25 212.2SN Int 3 R.S.S. 200.25 200.2SN UK/Cont.310 words
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Article96 1977-10-07 8 NOON SSR and SMR prices yesterday RA9 Octebar Not ember (Comal MU) (Farwart Mtk) Buywi Mian park#) Bqran Mi Mlm >P«k«) SSR 20 (1-ton pallet) 208 00 210.00N 209.00 211.OON SSR 50 (1 -ton pallet) 205 50 207.SON 208.50 208.SON M.R.E.L.B. November Dacan ibar SMR5CV (1-ton pallet)96 words
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Article257 1977-10-07 8 HONGKONG, Thurs. The market closed lower In moderately active trading, after a slightly firmer opening, dealers said. Trading was confined to March and July months, with prices easing immediately after the opening. Commission house buying after mid-session lifted prices back to the early levels, they said. March ended257 words
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Article517 1977-10-07 8 THE Singapore produce market was dull and featureless yesterday with lack of overseas followthrough buying. Deals recorded In the more popular commodities were minimal and still confined to local switching and consumer accounts. According to the Singapore Chinese Produce Exchange, all commodities finished unchanged. However, there were a517 words
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Article285 1977-10-07 8 LONDON, Thurs. Coffee in the morning opened £41 to £2 higher with nearbys showing the greatest gains. Turnover totalled 405 lots. Prices advanced Initially on the official denial from Rio that Brazilian Coffee Institute president Camlllo Calazans was resigning. Trade houses were on both sides of the market. Nearby285 words
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Article70 1977-10-07 8 C.I.F. Rotterdam, US dollars per ton. LONDON: Malaysia 5* ffa bulk Wed—Jay Prtviwu Nov unq 453 sir Sumatra 5% rra Sept 530 air SIS air Oct 499 sir 400 Slr/4S7.80 pd Nov 470slr/4«7W Dec 470 pd 465 slr/402 50 pd 457.50 slr/457W pd 455 slr/450/ Jan 452 45070 words
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Article228 1977-10-07 8 LONDON, Thurs. Terminal cocoa saw a further narrowing of differentials at the morning opening call. Prices finished £16 down against New York (basis near March at £2,206.50) to £10 higher. Market sources said sentiment was turning bearish, reflecting dealers' views here of much improved main crop prospects for both228 words
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Article275 1977-10-07 8 THE Straits tin price In Penang yesterday was up Msl2 to $1,830 on an official offering down 11 tonnes to 200 tonnes. Sentiment remained firm, and the price reached a record high on further US strong buying demand and London's rise yesterday, dealers said. In LONDON yesterday, tin275 words
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Article362 1977-10-07 8 LONDON, Thurs. Sentiment In the morning was generally bullish on the prospect of a new International Sugar Agreement (ISA) being In operation In 1978. Futures prices would probably rise steadily to around the lower end of the 11 to 21 cents per lb agreed price range between now and362 words
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Article193 1977-10-07 8 BANGKOK. Thurs. Indicative prices for rice quoted 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 280. 15 pet 257, 20 pet 254. 25 pet 245. 35 pet193 words
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Article130 1977-10-07 8 CHICAGO, Thurs. Soybean futures yesterday closed near the lows with losses of seven to 3% cents a bushel after fluctuating In a narrow range throughout the session. A lack of follow-through speculative and commission house buying, step-ped-up hedge selling and locals liquidating their long positions acquired earlier in the130 words
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Article149 1977-10-07 8 CHICAGO, Thurs. Wheat futures yesterday closed with losses of 2% to one cent a bushel In an extremely auiet session. Prices drifted aimlessly on both sides of the previous close In the absence of any major developments. Profit-taking after the strong rally on Monday and the view that the149 words
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Article288 1977-10-07 8 LONDON, Thurs. Copper wire bars finished with losses of mostly £7 per tonne In the morning. Values were marked down on the pre- market under scattered liquidation prompted by the overnight trend at New York and currency considerations, dealers said. Three Months traded down to £698 per tonne before288 words
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Article253 1977-10-07 8 LONDON, Thurs. Silver lost 3.0 to 3.1 pence per troy ounce In the morning. The market fell back in pre-rlng dealings under long liquidation prompted by the barely steady New York close, currency considerations and the downturn in gold. In the ring, sentiment was affected further by the bullion253 words
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Article348 1977-10-07 8 IN THE Singapore market yesterday, the kilobar opened at 5512,159. Prices fluctuated violently In a range of 5560.00 and closed at $12,135. In the London market, the metal opened at U*****.40/ 60 and closed lower at $154.15/ 35. The London gold fix was U*****.25, down 80 cents on the348 words
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Article92 1977-10-07 8 LONDON, Thurs. Lead eased by £2.75 for cash and £1.75 for Three Months in the morning. The market was steady, despite the decline In copper with Three Months finding buying support on the premarket up to £346. Hedge selling subsequently pared values in the ring where Three Months traded92 words
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Article89 1977-10-07 8 LONDON, Thurs. Zinc was £0.50 down for cash and unchanged for Three Months. At end morning, the market hovered around previous ring levels In thin two-wayf dealings of 850 tonnes. Sentiment was probably aided by no news of any European producer price cuts despite reductions this week by major89 words
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MONEY AND EXCHANGES
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Article647 1977-10-07 8 THE US dollar came under selling pressure yesterday with several major international currencies being brought to new highs in dealings on the Singapore and international forex markets- The bulk of activity was concentrated on the Japanese yen which fell below the 260 yen barrier against the USS. The New647 words
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Article61 1977-10-07 8 ACBC 7 Algemene Bank 6». Bangkok Bank 7 Bank of America 6*4 Bank of China 7 Bank of Tokyo Bank Negara Indonesia 7 Chartered Bank 6 L < Chase Manhattan 7 DBS 7 Firat Chicago 6 l Citibank 7 HSBC 6 V, indoauez (H Malayan Banking 6V«61 words
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Article147 1977-10-07 8 Asian rates II currency deposit interbank •t clow on Oct 6 US Dollar* (Spot) Offer Bid 7 days 1 mth 2 mth* 3 mth* 6 mth* mth* 12 mth* 611/1* 71/a 7 6/16 S». Frm. 6 7/16 611/16 67/t 71/16 7 5/16 7 3/8 77/16 DM. 1 mth 3 mth*147 words
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Article52 1977-10-07 8 RANGE of price* offered by dtacount houses on Oct 6: Overnight 3** Call deposit JS to 3** CImtaw Buyi>| fMBaf 3-Month TreMury bills 3 Vie 3 1/16 3-Month Bank bills 4 15/16 4 13/18 3-Month CD S 11/16 S 0/16 6-Month CD 5 7/» 5 11/16 Source: National Discount52 words
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Article103 1977-10-07 8 Euro rates LONDON, Thurs. —Fixed date Eurodollar deposit rates up to Six Months opened higher, reflecting the loss of the Friday dealing technicality while short dates opened steady. Technical gains In periods ranged from 7/16 in One Month to 1/16 in Six Months while longer positions held steady. Rates traded103 words
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Article156 1977-10-07 8 NEW YORK. Thurs. The Canadian dollar provided the main feature of a moderately active market yesterday, closing sharply lower after falling steadily from the opening, dealers said. It closed at a seven-year low of US 92.10/12 cents from the 92.66/69 opening. The US dollar closed lower on balance156 words
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Article191 1977-10-07 8 LONDON, Thurs. The yen rose strongly against the dollar to 258.80/259.10 in opening trading here from 260.80/261.00 overnight following its sharp appreciation In the Far East. Sterling advanced to $1.7591/93 from $1.7572/74 overnight on strong demand and the Bank of England was reported buying dollars to help keep the191 words
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Article97 1977-10-07 8 TOKYO, Thurs. The US dollar for overnight delivery closed at 259.45 yen after erratic fluctuations, compared with 260.50 at the opening and 261.10 at yesterday's close. The Bank of Japan bought an estimated $400 million to slow the dollar's fall, dealers said. The dollar Initially fell steeply to 259.3097 words
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Article113 1977-10-07 8 HONGKONG, Thurs. The US dollar fell further from New York levels In very active trading, particularly against the yen, although It recovered some ground towards the close on profit-taking and technical factors, -dealers said. The US unit fell to the 258.60 yen level at one stage, but then rose113 words
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Article65 1977-10-07 8 AUSTRALIA/NZ exchanges quoted on Oct 6 AUSTRALIA: Sterling 0.6361/0 6293 US dollar 1.1141/1 1093 Ninety-day air mail buying rates Sterling 0 8508 US dollar* 1.1422 Ninety-day forward buying rate*: Sterling 0.6908 US dollari 1 1422 Ninety-day forward buying rate*: Sterling 0.6274 US dollari 1 1023 NEW ZEALAND Sterling 065 words
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Article53 1977-10-07 8 ZURICH exchanges closing quotes on Oct 5. US 2 3347-3355 UK 4.1063-1079 Can 2 1656-1667 W Germ 101.41-47 Neth 95 49-54 France 47.75-78 Belg 6 5544-5589 Denm 38 04-06 Norw 42 40-43 Swed 48 47-50 Italy 0 2649-2651 Austria 14.20-22 Port 5 7379-7456 Spain 2 7636-7672 Arg 0 49-5953 words
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Article39 1977-10-07 8 FRANKFURT exchanges opening quotes on Oct 6 US 2.2915/25 Can 2.1050/70 UK 4.028/038 NeUl 93 98/94 08 SwIU 96 55/56 Italy 2.60/61 France 47.02/12 Norw 41 78/86 Belg com 6 448/458 Belg fin 6 45/46 Japan 0 8825/4539 words
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Article284 1977-10-07 8 LONDON, Thurs. Trading interest was relatively small this morning, dealers said. Eurobond prices quoted on Oct 6 Straight* BM Offer Austria 8* 90 101* 102 Bell Canada 8* M 103* 104* BFCE8*83 100* 101* Brazil 9 V. 84 99 V, 100 Can Pacific 9* S3 100* 101* Credit National284 words
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Page 8 Advertisements
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Advertisement309 1977-10-07 8 u IN PENGUINS 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.309 words
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TRANSPORT AND COMMUNICATIONS
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172 1977-10-07 9 Reuter DEARBORN, (Michigan), Thurs. Ford Motor Co said prices for 1978 model passenger cars will be raised by an average of 5.8 per cent over similarly-equipped 1977 models. Ford said the 5.8 per cent increase reflects the fact that suggested retail prices haveReuter - 172 words
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Article148 1977-10-07 9 Reuter CHICAGO, Thurs. Shipping conditions in New Orleans are confused this morning with some bulk shipping facilities in operation despite a strike by members of the International Long-shoremen's Association, Captain Henry Joffray, associate port director, said. He said the union confirmed the validity of yesterday's voteReuter - 148 words
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Article145 1977-10-07 9 UPI LONDON, Thurs. Subdued chartering was a widespread feature of the freight market, but North American grain rate strength remained unimpaired. The Kyriaki, for instance, secured another US 25cents gain when It received $5.25 (FIO) for a 50,000-ton October 15-25 grain haul from the US Gulf toUPI - 145 words
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Article61 1977-10-07 9 CANBERRA, Thurs. The Australian and New Zealand governments have decided against setting up a joint liner shipping service to the Persian Gulf/Arabian states. This was announced yesterday Jointly by the two transport ministers, Mr Peter Nixon (Australia) and Mr Colin McLachlan (NZ) following a feasibility study by61 words
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2002 1977-10-07 9 TERRY DODSWORTH - By TERRY DODSWORTH FT TWO years ago, Ministers, officials and spokesmen for the British motor Industry all agreed that It would be a disaster for the country if foreign cars managed to sustain an Import penetration of more than 25 per cent. The "disaster"FT - 2,002 words
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385 1977-10-07 9 UPI WASHINGTON, Thurs. Three out of every five foreign-made cars sold In the United States last year were manufactured in Japan, a new government study showed yesterday. Japan was the world's largest exporter of cars for the second straight year, selling 33 perUPI - 385 words
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Article392 1977-10-07 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Arlstodlkos (after Professor Buznlk) 31/32 Balashika (0600 47 Cherry VUJa (B. Barge) (1000 after Ocean Supply sails) 42/43 Oeorgl S. Rakovski (RZDC) (1500 3/4 High Glory (after Patagonia Argentina) 46 King Tower (0600 after King Sun) 22 Ocean Supply (after Cherry Vllja sails)392 words
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Article592 1977-10-07 9 ARRIVALS Service Local Operator Number Time From KAL KE807 0015 SEL CAL CI 331 0040 TPE/HKG/KUL MAS MH682 0810 KCH PAN PA847 0810 SFO/HNL/GUM OIA Q A 900 1000 HLP GIA GA980 1030 HLP SIA SQ211 1045 HLP GIA GA944 1055 PKU OIA GA908 1100 MES PAL592 words
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Article190 1977-10-07 9 Reuter NEW YORK, Thurs. Kennedy Airport's operators said yesterday they would appeal to the Supreme Court against a legal order to admit the Anglo-French supersonic airliner Concorde. The Port Authority of New York and New Jersey ordered its chief lawyer to seek a Supreme Court stayReuter - 190 words
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Advertisement42 1977-10-07 9 MERLION SHIPPING AGENCY PTE. LTD SPECIALISED SHIPPING SERVICES WORLD WIDE REEFER CHARTERS HEAVY LIFT RO-RO VESSELS OFF-SHORE SUPPLIES SERVICES CREW ROSTER AND MANAGEMENT LINER SHIPPING SERVICES FOR MORE DETAILS RING *****44 OR CALL AT: 1101-B MARINA HOUSE 70 SHENTON WAY SINGAPORE 242 words
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Advertisement33 1977-10-07 9 Peter Benchley 'Better than JAWS, ever escalating shocks' -TIME 'Cracking entertainment' -DAILY TELEGRAPH 4 T Tor the second time -the book you can't put down' -DAILY MAIL READ THE BOOK SEE THE FILM33 words
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Article549 1977-10-07 10 DONNA SAMMONS - By DONNA SAMMONS NYT West point: it is still regarded as news across the country when a women's bank (right now, there are about a half-dozen of them) opens. But In this community of 1,800 people, the riews Is more than three decades old. The West PointNYT - 549 words
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Article958 1977-10-07 10 JUDY KLEMESRUD - By JUDY KLEMESRUD NYT NEW YORK: Athough It has been "women in business" week in New York, it is still not all that easy to find a business that is owned by women. Or two businesses that are owned by women. Let alone three.NYT - 958 words
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Article, Illustration994 1977-10-07 10 CHARLES DICK - By CHARLES DICK Reuter LONDON: The Scotch whisky industry, which for centuries has jealously guarded the secret of its blends, is becoming increasingly worried about Imitations. Distillers around the world resorted in the past to importing Scottish water, barley even peat from Highland moorsReuter - 994 words
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Article, Illustration915 1977-10-07 10 ALAN RIDING - By ALAN RIDING NYT SAN JOSE, (Costa Rica): Having long felt Isolated in a continent dominated by right-wing military regimes, Costa Rica is basking in its reputation as one of Latin America's rare social democracies, where elections are clean and human rights areNYT - 915 words
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1022 1977-10-07 10 A.H. RASKIN - By A.H. RASKIN NYT NEW YORK: Armed with pledges of support for United States objectives from 30 foreign governments, Including the nine member nations of the European Economic Community, the State Department is lobbying hard to delay for a year this country'sNYT - 1,022 words
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Page 10 Advertisements
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Advertisement51 1977-10-07 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 I'< million hardback copies since its publication and it is continuing to top the bestseller lists even now.51 words
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796 1977-10-07 11 HONGKONG Teakwood Works, producing furniture in knock-down form for export. Is Investing another $4 million on plant and machinery. On top of Its Initial Investment of $5 million this will make It the largest manufacturing facility of the Teakwood (Holdings) Group, a Hongkong-US venture.796 words
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Article181 1977-10-07 11 AFP NEW YORK, Thurs. A US$llB.5 million (SS2B9 million loan to the Bank of Taiwan the largest financing ever undertaken by the bank and one of the largest to a borrower In that country has been arranged by a group of seven international banks,AFP - 181 words
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218 1977-10-07 11 AFP KUALA LUMPUR. Thurs. Malaysia and Thailand hope to facilitate the transportation of goods between the two countries by reducing the tariff rates, the Thai director-general of Customs, Mr. Chanchai Leetavorn, said last night. He said the tariff reduction proposal had also been discussed in severalAFP - 218 words
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Article72 1977-10-07 11 Reuter HONGKONG, Thurs. Hongkong Governor Sir Murray MacLehose said the colony will probably have a budget surplus slightly larger than HKS4O million (Ss2o million) forecast in the budget for the fiscal year 1977/78 beginning April 1. He told the legislative council total expenditure will be about $100Reuter - 72 words
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Article131 1977-10-07 11 A VISIT by a team of top Japanese industrialists and businessmen to Singapore scheduled for this month has been postponed indefinitely. Mr. Hiroshl Shlmazaki, chairman of the Japanese Chamber of Commerce and Industry in Singapore, Indicated in August that the team would be arriving this131 words
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438 1977-10-07 11 SINGAPORE'S producers and exporters wishing to do business In the Norwegian market can now do so through Norlmpod the Norwegian Import Promotion Office for Products from Developing Countries, set up by the Norwegian government. Since Its Inception Inquiries by local businessmen have already been438 words
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Article265 1977-10-07 11 SYDNEY. Thurs. Australians endured a series of damaging strikes today which have caused one state to declare a state of emergency. Another state may consider similar drastic action. Prime Minister Malcolm Fraser blamed the union troubles on extreme groups trying to bring Australian Industry to265 words
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1668 1977-10-07 11 DILIP MUKERJEE - KUWAIT financing for a US$7OO million oil refinery on Batam island highlights how Asean has so far missed out on petrodollars, DILIP MUKERJEE reports. DILIP MUKERJEE THE biggest petrodollar investment, dwarfing anything undertaken so far in South-east Asia, is now taking shape. President Suharto1,668 words
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350 1977-10-07 11 THE devaluation of the Swedish krona in August is not expected to alter the trade position between Singapore and Sweden greatly. Singapore's trade over the last two years with Sweden has been in deficit importing more from that country than it sells there. In350 words
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Article81 1977-10-07 11 Reuter PARIS, Thurs. The French Parliament's Finance Commission rejected a proposal in the French 1978 budget that would have led to a lowering of corporation tax on newly formed companies' profits. Members of the Commission said such a measure could encourage firms in difficulties to go IntoReuter - 81 words
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373 1977-10-07 11 AFP Reuter HONGKONG, Thurs. The Hongkong government will tomorrow publish amendments to the colony's securities laws setting up a tribunal to Investigate cases of alleged Insider trading in the stock market. Under the proposals, the government's securities commission would be charged with investigatingAFP; Reuter - 373 words
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380 1977-10-07 11 Reuter SEOUL, Thurs. The textile industries of South Korea, Taiwan and Hongkong should consider a joint approach to textile questions including the MultiFibre Agreement negotiations and Common Market quotas. Korean Federation of Textile Industry (KOFTI) secretary general Mr. Hahn Bong-Soo said today. HeReuter - 380 words
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Article84 1977-10-07 11 THE National Productivity Board will hold a two-day courses on "Practical consideration and problems in press work production" beginning Oct 19 at its Town Training Centre in Hotel Royal-Ramada. The course is tailored to the common production problems of the local metal fuming Industry. Another84 words
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Advertisement272 1977-10-07 11 APPOINTMENTS NICMMCAI, STIICTIML Ml CIVIL EMIIEIRS Singapore based industrial group is looking for engineers that are prepared to work and live in Sri Lanka. Remunerations will be commensurate with experience and skill whilst engineering degree would be desirable it is not essential. Emphasis will be on ability and leadership in272 words
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564 1977-10-07 12 A TYPICAL Filipino businessman is welleducated and Westernised In his ways. He is enthusiastic about new opportunities but takes some time to decide. He looks happy and smiles readily. But do not misled by his cheerful demeanour for deep Inside the Filipino executive Is564 words
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Article83 1977-10-07 12 Reuter MANILA, Thurs. President Marcos has authorised the holding of an Asean trade fair here in May next year to promote Asean trade and strengthen regional cooperation, officials here said today. An agreement on Asean preferential trading arrangements signed last February by the AseanReuter - 83 words
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Article783 1977-10-07 12 LONDON. Thurs. Government bonds met fresh buying interest prompted by a probable reduction In the Bank of England Minimum Lending Rate tomorrow and the continued strength of sterling, dealers said. Active trading was reported. The exhaustion of the Exchequer three per cent 1983 tap' stock also contributed to783 words
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144 1977-10-07 12 UPI MANILA, Thurs. The Philippines is considering abandoning its superphosphate project in favour of a newsprint plant as its initial contribution to the regional industrial projects of Asean, a Manila newspaper reported today. The Philippine Daily Express said the shift in government plans appearedUPI - 144 words
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Article234 1977-10-07 12 A MAJOR US equipment manufacturer, Deere and Company, plans an aggressive sales campaign in this region aided by a reinforced dealer organisation. This means that all its dealers in the region including Singapore, Indonesia, Malaysia. Thailand and the Philippines will have a complete parts234 words
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654 1977-10-07 12 AFTER being on the Investment sidelines for some time, wood products are once more coming Into the limelight again. In response to the better performance of the timber Industry worldwide and the promotional efforts of the Economic Development Board, two new wood product654 words
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610 1977-10-07 12 A REPORT by a nine-mem-ber Commonwealth technical group which grapples with the main issues Involved in the establishment of a common fund for commodities is published in London today. The proposed fund alms at improving the productive capacity of developing countries and providing610 words
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Article, Illustration676 1977-10-07 12 SINGAPORE has the engineering skills, technical know-how, and facilities to take on sophisticated Jobs that may be required to be done on the Sumitomo petrochemical project provided local-based companies are given the chance. This was the view expressed by top executives676 words
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351 1977-10-07 12 Reuter PEKING, Thurs. China said today It wanted a rapid expansion of trade with other countries and suggested that the quality of export items should be improved. The call was made by the Ministry of Foreign Trade in an article published inReuter - 351 words
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512 1977-10-07 12 ABOUT one In four applications for the Nanyang Press Singapore (1975) share offer was successful In the balloting held yesterday morning at the Development Bank of. Singapore (DBS) building? Following a formula decided upon by the Public Trustees, a total of 3,647 was512 words
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Article127 1977-10-07 12 THE AUCTION of all the fixed assets of Glychem Singapore Pte Ltd scheduled to be held yesterday has been postponed a second time until further notice from the receivers. Glychem was incorporated In 1973 to set up a plant for the manufacture of glycerine, stearic127 words
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Advertisement142 1977-10-07 12 SEE PAGE 11 Bu SINGAPORE ness s B MC(P) 162/V77 Cumulative HIXNUF AC TURING Conlectionery jjt^UHICATIONS Air Sa'ety INVESTMENT j,r>oo Enterprises tourism Asean Travel yjpt AT THE TO* Joseph Na*nosteen Heading tor Another Recession Trends m Singapore* Economic indicators Gommod'ty Markets MARKET REV** y STOCK profile Kuaia Lumper Kepong >142 words
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