The Business Times, 15 October 1977
1977-10-15
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The Business Times
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Title Section10 1977-10-15 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, OCTOBER IS, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article73 1977-10-15 1 LONDON, Frl. The Bank of England yesterday lopped another half point off Minimum Lending Rate bringing it down to 5 per cent. The latest cut, which follows on the heels of the last cut made Just a week ago, Is likely to Increase further the pressure which73 words
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Article61 1977-10-15 1 AP NEW YORK, Frl. Mrs. Jacqueline Onassls has *qult Vlklng Press, where she has worked as an editor for two years, over Its publication of a novel depicting an Imagined assassination plot against her brother-in-law, Senator Edward Kennedy. The former first lady, widow of President John Kennedy,AP - 61 words
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Article72 1977-10-15 1 UPI TOKYO, Frl. A monetary expert has urged the Japanese government to Import non-ferrous metals, oil, aircraft, livestock feed grains and other products in a bid to decrease Its balance of payments surplus. Mr. Takashl Hosoml, adviser to the Industrial Bank of Japan and former Vice FinanceUPI - 72 words
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Article62 1977-10-15 1 AFP JAKARTA, Frl. Attorney General All Said had Instructed private banks operating here to block the accounts of 15 government officials including five former Pertamlna officials, the Jakarta Evenlnger Pos Sore reported today. The director of a private bank said that several private banks here had submittedAFP - 62 words
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Article75 1977-10-15 1 Reuter DUBAI, Frl. A hijacked Lufthansa Boeing 737 with 91 people on board stood In sweltering desert heat here today as negotiations from the United Arab Emirates and west Germany tried to win their freedom. While the talks dragged on, It became clear this morning that the hijackingReuter - 75 words
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Article103 1977-10-15 1 UPI NEW YORK, Frl. Stock prices turned mixed today during the first-hour of trading on the New York Stock Exchange. With the Dow Jones Industrial average off more than 22 points so far this week, analysts suggested that the time may be near for bargain hunting, which wouldUPI - 103 words
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Article, Illustration155 1977-10-15 1 A GENERALLY quiet market featured a few firm Kon shortcovering account on the Stock Exge of Singapore yesterday. However, most •hares finished lower on balance. The Business Times index closed 1.40 points lower at 418.28 and the Straits Times Industrial index dipped 0.43 point to 259.M. Rites155 words
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Article101 1977-10-15 1 Rites Most active Temenggong 1.88 +.18 O. Ceramics 190,000 Sentoaa 2.01 +.17 Sentosa 188,000 81,000 78,000 Sg. Best Kramat 4.10 5.35 +.18 .15 C. Securities Olympla MtUytn 13.10 +.10 U Mosaics 1.88 +.00 Total Turnover: 1.53 M Aokam 4.28 +.00 Total Value: 102.80 II Sjrn Realm 0.80101 words
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Article1017 1977-10-15 1 YEN SOARS TO POST-WAR PEAK FEARS of another grave monetary crisis developing within days gripped financial markets yesterday as the yen soared to a post-war peak and the once mighty US dollar backtracked against virtually all the leading currencies of the free world. Behind1,017 words
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Article273 1977-10-15 1 AFP TOKYO, Frl. Sri Lanka will protect foreign Investors, especially in the projected free tcade rone In Colombo, arid retrain from nationalising any more Industries, Sri Lanka's Finance Minister Ronald de Mel said today. He told the Japan National Press Club that the government of PremierAFP - 273 words
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495 1977-10-15 1 LOCAL bottlers recently sought a price increase on soft drinks to get a more equitable return on investments in the face of rising production costs. Fraser and Neave yesterday, clarified the bottlers' stand on the matter by pointing out that it is not the495 words
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471 1977-10-15 1 DEVELOPMENT Bank of Singapore will offer for sale around 5,300,000 ordinary shares In Sin Chew Jit Poh (Singapore), the largest circulation local Chinese language dally, at $1.05 a share. The offer, which follows that by arch-rival Nanyang Press in mid-September or five million471 words
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Article188 1977-10-15 1 UPI LONDON, Frl. The Laker Skytraln service Unking New York and London carried 8,500 pewengeri In Its first 17 days for profit Of UBsas.ooo (8*206.560) Laker officials said today. The dally no-reservation flight to New York and back, for which pessfngun just turn up on the day ofUPI - 188 words
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275 1977-10-15 1 THE Public Utilities Board has floated its first bond, a $16 million issue maturing in 18 years. It is also the first time a statutory body has floated a bond since Singapore became a selfgoverning state in 1969. The PUB registered bond275 words
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566 1977-10-15 1 SINGAPORE AIRLINES (SIA) may lease a Concorde from Soclete Natlonale Industrlelle Aerospatiale, one of Concorde's manufacturers. Despite the publicity for the proposed Concorde joint service between British Airways (BA) and SIA, Business Times learnt yesterday that leasing a Concorde from Aerospatiale, and operating it under566 words
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Article72 1977-10-15 1 AP LONDON, Frl. British cost of living In September fell for the third time In a row and the annual rate of Inflation is now 15.6 per cent, the government announced today. Meanwhile, the recovery of sterling continued on the foreign exchanges today with the pound upAP - 72 words
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Page 1 Advertisements
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Advertisement3 1977-10-15 1 One. OoMUUiI Plus +[|(/^@:<<`*{\'.!($~";:!!+'-<<<3 words
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Advertisement101 1977-10-15 1 4 BRflun The new Micron foil geometry does not just give you a faster shave. It gives a closer shave as well because it has a perfect synchronization of blades against foil. And it has a narrower head that gives even closeness all over. Only Braun could have developed the101 words
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Advertisement0 1977-10-15 1 >\;<$+&>%\.)`[,&}'>]%->~).>$|@?0 words
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Advertisement170 1977-10-15 1 Get advanced copying technology. Fly SI A to Jakarta Save $252/Pay normal airfare and enjoy free Ist Class accommodation, transfers plus American breakfast! Mr v I> II v m m t For the payment of normal airfare, you will get a normal return ticket, free transportation from/to the airport on170 words
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MARKET REVIEWS
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621 1977-10-15 2 IVAN FALLON - LONDON By IVAN FALLON THE great North Sea oil bull market in London lost some of its vim this week as the Financial Times Index retraced its path through 500. It had crossed up through this level early In September and run all621 words
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Article153 1977-10-15 2 CORNWALL'S new quoted tin share, South Crofty, came back to the London stock market after an absence of 10 years In fine form on Tuesday. The shares, offered by brokers Joseph Sebag at 50p, opened at 67p, went to 71p and closed their first day at153 words
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Article95 1977-10-15 2 THERE has been much talk In the London market In recent weeks of a London firm In trouble, due to reinsurance being placed with continental Underwriters who have been unable to meet their clalms sit Is believed. The amounts Involved are said to be In the region95 words
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292 1977-10-15 2 CONSOLIDATED Oold Fields chose the day when the gold price hit a two-year peak to announce Its awful news: It was writing off a whopping £20.9 million as a provision against the closure of Its Mount Lyell copper mine In Australia. Without this, profits292 words
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255 1977-10-15 2 BRITAIN'S aircraft Industry suffered another blow on Tuesday when the Fairey Aviation and Engineering Company had a receiver appointed by Its principal bankers National Westminister. Fairey owned Britten-Norman which made the Islander and Trislander aircraft and for three months had been struggling desperatelv to255 words
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749 1977-10-15 2 SINGAPORE THE Singapore stock market turned dull this week as investors and dabblers with very 1 ewexceptlons withdrew into the background. Oolng by the leading market Indicators, most shares ended the week in minus territory. Losses, however, were generally narrow and did not In anyway749 words
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Article379 1977-10-15 2 OTHERS S W™ has obtained Judgment In its favour on the long-drawn out tax dispute with the Malaysian Inland Revenue Department. Earlier on the IRD appealed In the Malaysian High Court for additional tax assessments of M M million for hedging profits made by Sugars between 1966-73 but the appeal379 words
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Article551 1977-10-15 2 KUALA LUMPUR IT has been an exceedingly boring week on the Kuala Lumpur Stock Exchange with traders continuing to stay on the sidelines In the absence of any clear trend. One significant exception amid the dreariness of the week's trading was the carry-over interest551 words
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Article352 1977-10-15 2 THE Sydney share market reacted strongly to the surErlse announcement by the SW government on Thursday that Coal and Allied Industries would not be given a mining licence for the Warkworth deposits near Newcastle. Coal and Allied shares fell five cents to A 93.60 on Thursday afternoon and slumped352 words
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Page 2 Advertisements
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Advertisement231 1977-10-15 2 V* tA iv. TOU ARE COVERED All that are of interest to you In the October 1977 Issue From Selangor, the State with the mostest to Swasta Notes From The Kelang Valley of Tomorrow to the peacock's plumage From bumiputra participation in construction to the •mayor' of Pantai Valley... THE231 words
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Page 2 Miscellaneous
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Miscellaneous25 1977-10-15 2 I prnotgDu) is THe Of^liNS SoctcTy sffe#© SHOW I K*jOu) tT'S SMCRT notcg BUT I UONDGJS .LKiHT w _P LOWO s ßp P*NNTmMG P>SOUT WEFResHrneMTS25 words
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Miscellaneous295 1977-10-15 2 SINGAPORE 5 1.00 PM. Opening followed by Sesame Street 2.00 Saturday Matinee The Green Helmet, starring: Bill Travers, Nancy Walters and Ed Begley 3.25 World Cup Soccer Hongkong vs Thailand (repeat) 4.55 Sandiwara Malay drama, Nani (repeat) 5.40 Bonanza The Single Pilgrim 6.30 News in Brief 6.35 Popeye the Sailor295 words
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OVERSEAS
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511 1977-10-15 3 NO QUICK FIX THOUGH UPI Reuter WASHINGTON, Frl. President Carter assured steel executives yesterday the government will take "actions and decisions" to help their troubled Industry and eliminate unfair foreign competition. Industry and labour leaders were pleased by Mr. Carter's promises. "We had aUPI; Reuter - 511 words
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Article318 1977-10-15 3 UPI WASHINGTON, Frl. The Carter Administration yesterday rejected as unrealistic Swedish proposals that the Industrial nations drop all foreign debts accumulated by poorer underdeveloped countries. "The United States remains willing to continue cooperating In multilateral efforts to alleviate serious debt servicing crisis on a case-by-case basis,"UPI - 318 words
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Article173 1977-10-15 3 AP WASHINGTON, Frl. A civilian research group says the Agency for International Development (AID), which runs US aid programmes abroad, has a "reputation for inefficiency, rigidity and slowness" and should be abolished. The recommendation by the Brookings Institute came after a study of AIDAP - 173 words
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Article69 1977-10-15 3 Reuter LONDON, Frl. British Industrial production rose 0.2 per cent In August after advancing fully 2.4 per cent In July, upward revised from a Ero visional 1.8 per cent, the entral Statistics Office said. The provisional seasonally adjusted Index, base 1970, rose to 102.7 InReuter - 69 words
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Article245 1977-10-15 3 Reuter LONDON, Frl. A group of senior West Oerman Industrialists yesterday said they planned to Increase Investment In Britain, which they were confident was headed for a brighter economic future. The 13-member group headed by the vicepresident of the Federal Association of Oerman Industry, Dr.Reuter - 245 words
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173 1977-10-15 3 AFP NEW YORK, Fri. Iran, Israel and Saudi Arabia accounted for 65 per cent of US overseas arms sales from 1974 to 1976, according to a report published yesterday. The document, produced by the Council on Economic Priorities a non-profit-making researchAFP - 173 words
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Article228 1977-10-15 3 AP TOKYO, Thurs. The risk of a crisis In Japan-US ties, Is Increasing as those relations grow more complex, U8 Ambassador Mike Mansfield said today. But the two countries are still enjoying "one of the quietest periods In our postwar history," he said. "The US-JapanAP - 228 words
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303 1977-10-15 3 AP UNITED NATIONS, Frl. Nigerian head of State Olusegun Obasanjo told the UN General Assembly yesterday his government has set up an "economic Intelligence unit" to keep tabs on foreign companies operating in Nigeria as well as in South Africa and Rhodesia. Nigeria, asAP - 303 words
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Article92 1977-10-15 3 Reuter LONDON, Frl. The National Union of Mineworkers (NUM) said British coal miners will ballot this month on whether to accept a bonus scheme which, by offering large payments for higher output, could soften demands for 90 per cent pay rises In breach of the 12monthReuter - 92 words
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Article73 1977-10-15 3 AFP HONGKONG, Frl. The Bovlet Union has been quietly buying significant amounts of Hongkong textiles In recent weeks, the South China Morning Post reported today. "The Russians have bought several million linear yards of tetron cotton fabric, pushing Its prices up by about 15 per cent,"AFP - 73 words
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507 1977-10-15 3 UPI SEOUL, Frl. New Zealand has agreed In principle to allow Korean fishing boats to operate within Its 320 km offshore economic zone from Jan. 1 next year, government sources said today. The sources said the agreement was reached when New Zealand DeputyUPI - 507 words
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149 1977-10-15 3 Reuter WASHINGTON, Fri. US Treasury Secretary Michael Blumenthal discounted the impact on the US trade and payments position of fluctuations in the yen and mark against the dollar. He said, "If there were a significant appreciation of the yen I think it wouldReuter - 149 words
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Article120 1977-10-15 3 Reuter GENEVA, Frl. Swiss Economics Minister Ernst Brugger said here yesterday increased monetary stability and a rejection of protectionist measures were necessary to encourage Investment and revive the world's flagging economies. Mr. Brugger, presiding over a ministerial meeting of the seven-nation European Free TradeReuter - 120 words
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Article426 1977-10-15 3 Reuter NEW YORK, Frl. A number of unusual events during the Oct 5 statement week may have played a role In the US$4.9 billion (5511.76 billion) surge In money supply reported yesterday by the Federal Reserve Bank, analysts said. While effects of beglnnlng-of- -the-month disbursement ofReuter - 426 words
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330 1977-10-15 3 UPI MADRID, Frl. Premier Adolfo Suarez and Opposition leaders yesterday agreed to set up seven Joint committees to hammer out' emergency solutions for different aspects of the crlslsstricken economy. The 3-Vt hour meeting was a continuation of weekend crisis talks In which Mr. SuarezUPI - 330 words
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Article140 1977-10-15 3 Reuter LISBON, Frl. Portugal's minority socialist government and Its three main opposition parties remained deadlocked today on ways of solving the nation's grave economic crisis. Political analysts looked to President Antonio Ramalho Eanes to provide a possible answer tomorrow when he speaks at the opening of a newReuter - 140 words
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Page 3 Advertisements
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Advertisement143 1977-10-15 3 I I r f fry' 0m xWi' J v "k<? f' ,v \f^' i W i V J**/ af t r v:* ijfei J-'siJv *v? ?V It k is 4 4-V M < -A" rft 1 l> V n ■>, #;v 'X-' fe* *4 3 TSINGTAO one of the ten143 words
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Page 3 Miscellaneous
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Miscellaneous157 1977-10-15 3 YESTERDAY'S SOLUTION Cryptic Solution ACROSS. 1, Fossil. 7, Exposure. 8, Mate. 10, Walter. 11, Ed-rlch. 14, Sea. 10, Lopes. 17, Ruts. 19, B-ow-ed. 21, Sugar. 22, Pe-T-er. 23, Loss (leader). 20, Basic. 28, Wow. 29, Others. 32, Mark time. 33, Sty-Les. DOWN. 1, Flower. 2, States. 3, L-e'er. 4, Toddler.157 words
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COMPANY NEWS
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276 1977-10-15 4 KUALA LUMPUR, Frl. The Malaysian Minister of Trade ana Industry, Datuk Lee San Choon, has been urged to Intervene and end the lock-out of workers by an Australian-Malaysian timber Joint venture in Klang. The request came from the DAP secretary-general and276 words
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Article86 1977-10-15 4 GUINNESS MALAYSIA Unaudited group pre-tax profit M 515.35 million ($13.07 million) on net sales $111.1 million ($99.13 million) for the year ended Aug 31, 1977. Tax $6.63 million ($5.99 million) leaving after-tax profit $8.72 million ($7.08 million). Parent company pre-tax profit $12.57 million ($10.23 million) on net sales86 words
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Article455 1977-10-15 4 Current Ex Date Total for Total for payment Date payable the year previous year MilaywtU Steel 10%TE Aug 29 Oct 15 10% TE 10%TE Bukit Katil 10% Sept 23 Oct 15 20% 16% OCBC 5%I Oct 3 Oct 15 5%I 16% Paper Product* 7.5% Sept 21 Oct 15455 words
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800 1977-10-15 4 AS EXPECTED, Central Securities Holdings closed the year to May 31, 1977 with group pre-tax profit sliding to M 94.13 million from $4-93 million previously, a decline of 18.3 per cent. The profit figures are after the company's share of losses less800 words
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Article139 1977-10-15 4 KUALA LUMPUR, Ftl. Tripartite talks between strike-hit Malaya Glass Factory management, the Non-Metallic Mineral Manufacturers Employees Union and the Maiayslan Ministry of Labour and Manpower held yesterday in Kuala Lumpur have failed to resolve the dispute. The general manager of the company, Mr Leslie Struys who139 words
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479 1977-10-15 4 FOR THE year ended April 30, 1977/ Bukit Katll Rubber Estates raised pre-tax profit by 107 per cent to M 5040,750. The steep growth reflected buoyant earnings from Its rubber and oil palm estates. Oil palm, In particular, made a substantial contribution,479 words
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COMPANY MEETINGS
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31 1977-10-15 4 THE following company meetings are due: Oct 15 at 12.00 noon at the Registered Office, No. 22 (Upper Floor of No. 20), Jalan Gelanggang, Malacca.31 words
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Article23 1977-10-15 4 Oct. 17 at 11.00 a.m. at the Registered Office, 12th floor, Fltzpatrlck's Building, 86 Jalan Raja Chulan, Kuala Lumpur.23 words
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Article20 1977-10-15 4 Oct 21 at 12.15 DA/HttaraH Of p.m. at the Registered Office, Chartered Bank Chambers, Penang.20 words
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Article15 1977-10-15 4 Oct 24 at 11.00 a.m. at the Registered Office, 15, Claymore Drive, Singapore.15 words
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Article24 1977-10-15 4 Oct 24 at 3.00 p.m. at the Registered Office, Lot 6.08 C, 6th Floor, Wlsma Central, Jalan Ampang, Kuala Lumpur 04-07.24 words
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Article19 1977-10-15 4 Oct 24 at 2.30 p.m. at the Registered Office, 16, Jalan Tangsl, Kuala Lumpur 10-01.19 words
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Article18 1977-10-15 4 Oct 26 at 12.00 noon at 45-47 Robinson Road, Singapore, 1. a vv«a- r*i o18 words
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23 1977-10-15 4 Oct 26 at 3.00 6.m. at the 4th Floor, angunan Yee Seng, 15, Jalan Raja Chulan, Kuala Lumpur.23 words
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Article20 1977-10-15 4 Oct 26 at 3.00 p.m. at the Registered Office, No. 50 Jalan Ampang, Kuala Lumpur.20 words
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Article27 1977-10-15 4 Oct 27 at 10.00 a.m. at Hotel Merlin Kuala Lumpur, No. 2 JLgilan Sultan Ismail, Kuala Lumpur 0404. m i i. nLJ. rv«*27 words
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Article21 1977-10-15 4 Oct 27 at 11.00 a.m. at the Registered Office, Wlsma Mega, 2nd Mile Jalan Batu Tlga Lama, Kelang.21 words
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20 1977-10-15 4 Oct 27 at 11.00 a.m. at Virginia Park, Jalan University, Petaling Ja j! a20 words
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Article19 1977-10-15 4 Oct 31 at 11.30 a.m. at the Registered Office, 16, Jalan Tangsl, Kuala Lumpur 10-01.19 words
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Article20 1977-10-15 4 Oct 31 at 11.00 a.m. at the Registered Office, 16 Jalan Tangsl, Kuala Lumpur 10-01.20 words
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Article1166 1977-10-15 4 JEFFREY BROWN - By JEFFREY BROWN FT LONDON: Profits within the UK toy Industry stayed buoyant last year, helped by a rise of almost a fifth In output, Exceptional growth In earnings was achieved by some of the major companies, and at this early stage In the annualFT - 1,166 words
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Article1402 1977-10-15 4 On Oct 13 TRADING In options on the Chicago Board Options Exchange came to 117,363 contracts on Thursday compared with 115,034 contracts on Wednesday. OPTION OCT JAN APL STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR Avon Avon Bank Am Bank Am1,402 words
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248 1977-10-15 4 KUALA LUMPUR, FYI. Antah Holdings, the new company whose formation by Jinline Matheson (SEA) and Tunku Naqulyuddln's Antah Group was announced only this week, has already completed Its first major deal. The bumlputra company has purchased a 49 per cent stake In Securicor248 words
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244 1977-10-15 4 AYER HITAM Planting Syndicate is steadily regaining the footing It lost in 1975 when the company suffered a drastic drop in profit in the aftermath of the worldwide recession. For the year ended March 31, 1977 pre-tax profit Jumped 93.44 per cent to M 5453,910,244 words
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Article267 1977-10-15 4 BANK OF America NT It SA announced the promotions of Mr. Kwee Hone Liem, Mr. George Lim Pheon Seng, and Mr. Tan Kay Swee from assistant cashiers to assistant managers. Mr. Vincent Yong has been promoted sales manager of Hyatt Singapore Hotel. New appointments at the sales267 words
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Page 4 Advertisements
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Advertisement163 1977-10-15 4 COLLKTINQ Oriental Anhqviej ra >58 I m HW O > r by Judith Moorhouse and Dries Blitz Hamlyn Qroup, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive for the163 words
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Article478 1977-10-15 5 NORTH AMERICAN COMPANIES Reuter INTERNATIONAL Business Machines said the volume of outright purchases of data processing equipment in the third quarter of this year was a record for any quarter and was mostly responsible for the improved earnings. The company reported third quarter net earnings ofReuter - 478 words
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177 1977-10-15 5 DESPITE a temporary unfavourable cost-price relationship on vegetable oil products, net earnings at Kraft Inc. rose to U5539.81 million ($1.42 a share) on sales of $1.3 billion in the third quarter this year from $34.85 million ($1.25 a share) on sales of $1.26 billion177 words
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Article85 1977-10-15 5 Reuter MCA INC issued a countersuit In the federal court here accusing Coca-Cola bottling Co of Los Angeles of issuing false reports about MCA's tender offer. MCA said Coca-Cola was giving erroneous information by saying MCA's offer Is Inadequate. MCA is offering US$3O a share for Coca-Cola'sReuter - 85 words
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Article232 1977-10-15 5 EASTMAN Kodak said fourth quarter earnings comparisons will be hurt by a number of factors. Last year's earnings included gains from the sale of property abroad, a sizeable insurance recovery and an unusually low effective tax rate, and earnings In this year's fourth quarter232 words
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Article163 1977-10-15 5 Reuter TIME INC. said It had a 15 per cent gain in profits for the third quarter, and that its Home Box Office subsidiary had recorded its first quarterly profit since it was founded. Home Box Office offers cable television subscribers recently-released films and sportsReuter - 163 words
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Article138 1977-10-15 5 Reuter COLGATE PALMOLTVE Co said that based on its nine-month results and the current outlook, it expects sales and earnings gains of eight to nine per cent for the full 1977 year. The company reported third quarter net earnings of 59 cents a share on salesReuter - 138 words
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246 1977-10-15 5 NCR SAID In reporting higher third quarter profits that It expects fourth quarter earnings to continue the strong Improvement which began In the second half of 1976. In the 1976 fourth quarter, NCR earned US$3B.9 million or $1.41 per diluted share. For all246 words
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Article217 1977-10-15 5 HONEYWELL said It entered Into a definitive agreement to buy Incoterm Corp, a firm which makes computer terminals and electronic transfer systems. It said the transaction provides that each share of each class of Incoterm stock on a common stock equivalent basis, will be converted Into217 words
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Article742 1977-10-15 5 NYT NEW YORK, Fri. Mr. T. Rowe Price, the acerbic money manager whose Investments in growth stocks were highly successful during a half-century career, is retired at 80, but hardly silent or inactive. In a recent analysis, Mr. Price said what he believed toNYT - 742 words
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Article254 1977-10-15 5 ASIAN COMPANIES Reuter SYDNEY, Frt. Coal and Allied Industries (CAI) shares dropped sharply on Sydney and Melbourne stock exchanges after yesterday's New South Wales government announcement that it would acquire at least 51 per cent of CAl's 000 million tonnes Warkworth coal deposit. TheReuter - 254 words
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Article89 1977-10-15 5 Reuter HONGKONG, Frl. Unaudited consolidated net profit at City Hotels rose to HK89.15 million for the six months ended June 30, 1977 from 88.8 million previously. It declared an unchanged interim dividend of $1.25 payable on Oct 21 to shareholders registered on Oct 7. The company, aReuter - 89 words
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Article94 1977-10-15 5 Reuter ADELAIDE, "Frl. Delhi International Oil reported the Kidman No. One well In <the South Australian Cooper basin flowed gas at dally rate of 400,000 cubic feet a day over the Interval 6,974 to 7,075 feet. This followed earlier flows of 9.7 million and 11.1 million cubicReuter - 94 words
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128 1977-10-15 5 Reuter TOKYO, Frl. Mltsukoshi said it expects a 14.6 per cent rise In Its after-tax profit for the current year ending Feb 28, 1978 to 10.5 billion yen from 9.10 billion the previous year. A company spokesman said sales will rise 6.5 per cent to 458Reuter - 128 words
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Article91 1977-10-15 5 AFP HONGKONG, Frl. An offer to take over two public companies, Madison Securities and Hongkong Barge, has been withdrawn. This was announced by the chairman of both companies, Mr. Michael Birrane, who had come to Hongkong to dlscuss the proposed takeover by Allied venture Properties, the CanadianAFP - 91 words
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87 1977-10-15 5 Reuter TOKYO. Frl. The Tokyo Stock Exchange said it will tighten margin trading requirements for Okamoto Rlken Gomu and Chorl to 50 per cent, Including 20 per cent In cash from 30 per cent without cash requirement, effective today, to control speculative trading. ButReuter - 87 words
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Article96 1977-10-15 5 AFP BANGKOK, Frl. The Court of Appeals has granted the financiallycrippled Slam Kraft Paper Company permission to pay a 65.4 million bahts fine In Instalments over a period of eight years. The court ruled that the company, which was fined following a conflict over aAFP - 96 words
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Article83 1977-10-15 5 Reuter HONGKONG, Frl. The Korea Development Finance Corp (KDFC) has raised USS2O million through a seven-year syndicated loan, Citicorp International group said as loan manager but gave no details of the Interest rate spread. Proceeds will be used for KDFC's lending activities to Korean companies. KDFCReuter - 83 words
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Article63 1977-10-15 5 Reuter LONDON, Frl. Jardine Fleming and Co and Nomura International (Hongkong) said funds associated with Credit Lyonnais have subscribed some HK$2 million in Jardine Nomura Asia Trust, a Hongkong-based openended trust, valued on Sept 30 at $3.7 million. The funds will acquire 15 per cent of the trustReuter - 63 words
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420 1977-10-15 5 EUROPEAN COMPANIES FT LONDON, Frl. United Biscuits, Britain's biggest biscuit manufacturer, is almost to double Its capital spending this year to £45 million, £20 million more than originally planned. To finance the increase, it Is proposing to raise close to £30 million from shareholders throughFT - 420 words
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Article78 1977-10-15 5 Reuter LONDON, Frl. Sandvik A/B plans to issue US$35 million of convertible bonds, the first convertible Eurobond to be Issued by a Swedish company. Credit Suisse White Weld said. The bonds will mature on March 15. 1988, and will be convertible from Jan 2 next year until MarchReuter - 78 words
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Article49 1977-10-15 5 Reuter FRANKFURT, Fri. The European Atomic Energy Community (Euratom) of Brussels plans to raise a 150 million mark 10-year Eurobond, probably with a six per cent coupon, a spokesman for lead manager Dresdner Bank said. The issue will be Euratom's first mark Eurobond, he added. ReuterReuter - 49 words
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Advertisement127 1977-10-15 5 You mean, for the December '77 issue of The Craft of Sound? sJ* n m *2 m mxs m Special features on installing sound equipment in the car and how the soundtracks of TV programmes are made. Also, a host of audiophiles write of their adventures in sound (testing the127 words
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Article2303 1977-10-15 6 Gr'» Or* Net 1*77 La* dhr Dfr* y'W P/K Vol Dey High Lew Salt +er- c'tt Hlgk Lew SECTION ONE INDUSTRIALS 154 135 Acma 135 -1 12.0N 1.8 8.8 6.3 1 135 135 204 171 Alcom 171 unch 10.0 0.5 5.8 27.5 1 171 171 no 582,303 words
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Article1201 1977-10-15 6 MWloffcr prteaa ofnctalW baud "gjwrtaiii in and reported to the Stock triflange Of Mnpw ym- numSiStfwL ttaded ahown tabracftata la loto of AD Time Settlement Contract* an Vjotad aft« the worn tSF* i, BECTJON ONE INDUSTRIALS Af* (1 S5B)(I) 1.35 Ate* VI.TOB 1.718) (1) 1.71 Sffffl aMU^>(1)1,201 words
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Article1338 1977-10-15 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares ihown in brackets in lots of 1.000 units unless otherwise specified INDUSTRIALS AJlnameto (2.008 2.10B). Aleem (1.708 I.7SS). A. Che* <0.»8B 1.028). A.M.O. (O.MB).1,338 words
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Article72 1977-10-15 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown it brackets. C and C (Dec $1.90) (0.388 0.415) (2) 0.40. DBS (Dec $3.60) (0.128 0.205). Inchcape72 words
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Article142 1977-10-15 6 SINGAPORE UNIT TRUST INCOME BOND UNIT ■a for Oct 17} (Currwt pi ncaa) The Commerce 172 1.82 INCOME BOND 108 1.14 The 8a vlng Fund 103 1.09 S pore Pro* Fund S pore Security 0.83 0.88xd MARA BUMIPUTRA FUND (Nuum' priaaa for Oat 17) Fund S pore Invest142 words
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Article140 1977-10-15 6 B O T 8 1/1% 1981 (100,000) (100HB 101*8) B O T 7 5/8% 1984 (100,000) (97*8 98*8) LTCBJI962 (100,000)(98*B 98*8) Credit Lyoanais Floating 1983 (100.000) (97*8 98*S) DBS Converts 1/2% 1991 (100,000) (968 978) D B S 8 1/2% 1982 (100,000) iloo*B 100*8) :i89% IM2 (100,000)(101 *B140 words
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Article147 1977-10-15 6 Rep Spore 7% 1982 (100,000) iIOO*B 101 *8) tep Spore 6 1/2% 1983 (100,000) (99*8 100*3) Rep Spore 7 3/4% 1987 (100,000) (99*8 100*S) 4 3/4% 1/6/79 (250,000) (100.308 100.508) 5 1/4% IS/19/79 (250,000) (101.408) 3/4% 15/6/80 (250,000) (104.658 105.008) 4 3/4% IS/9/80 (250,000) (99.608 99.808) (2) 99.65147 words
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Article, Illustration637 1977-10-15 7 A GENERALLY qniet market featured few firm ■pate oa account ea the Stack Exchange of Singapore yeeterspread of activity was reduced ae •peculators sorted oat their positions. The market at this stage appeared to be levelling off in yet another coneoUdation phase. Investors continued to stay on the637 words
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Article395 1977-10-15 7 SOME LIGHT steady Interest continued to provide some semblance of support on a generally quiet and lacklustre Kuala Lumpur stock market yesterday. Generally, prices drifted uncertainly and were little changed on balance. After a barely steady opening, prices were erratically traded over narrow margins. But with the395 words
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INTERNATIONAL STOCK MARKETS
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Article333 1977-10-15 7 HONOKONO: The market closed slightly easier In quiet trading on Friday with most activity In banks, dealers said. The Hang Seng Index Ml 1.92 points to 416.99. fliagkseg Baak rose 10 cents to 917.90, while Hlekh— fell 1.5 cents to 93.10, Jardias Mathsssa 20 to 13.70 and Swfae Pacific333 words
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Article479 1977-10-15 7 TOKYO: Share prices fell on Friday, led by blue chips and popular* following the yen's sharp appreciation, dealers said. The Dow Jones average fell 27.64 to close at 5,125.22 with volume 300 yen shares. The New Index closed at 379.28, down 1.26. Export-orientated electrlcals, vehicles and precision Instruments levelled479 words
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Article419 1977-10-15 7 SYDNEY: The market closed generally steady to mixed In quiet trading on Friday, dealers said. The Sydney All-Ordinaries index rose 0 07 point to 431.90. Caal and Allied Induarisa shed 93 cents to 92.67 after touching a low of 92.45 following Thursday's news the company will not obtain mining419 words
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Article149 1977-10-15 7 MANILA: The market closed mixed with commercial* advancing moderately and minings and oils down on Friday, dealers said. Turnover (ell to 5.32 million pesos from Thursday's 6.80 million. Pkiln and MuiidaQM lost three and two points respectively while other mining Issues also lost fractionally. Philippine overseas rose one point149 words
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Article115 1977-10-15 7 OHM Bates Aslant** Bangkok Bank Bangkok Inrestm 3tn ♦36 Ranckok MetroQoUua Bank 3.800 718 unch -8 Berll Jucker Charoong Thai wire 4M 274 4-14 DusltThanl First Trust Qeneral Finance Indo-Thal Industrial Finance Unq 4-8 4-14 -1 J and J Ho Jalaprathan Cement Karnasuta 330 M7 #3 unch 4-t ♦11115 words
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Article286 1977-10-15 7 AMSTERDAM: The market closed generally weaker on Thursday following Wall Street's overnight decline, dealers said. Heagevsaa, down 0.90 guilders, led declines In Dutch internationals. Elsewhere losses were led by HeinaUa, 2 50 guilders lower, NedDayd and Pakheed. RSV lost over two guilders after announcing it expects a 1977 net286 words
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Article157 1977-10-15 7 BRUSSELB: Most Belgian shares lost ground In slack trading on Thursday, market sources said. Against the trend SMre, FN, Cockerill and Andre Dumoad rose, while shares which fell Included Soflaa, Bwtsbnl, Traction, Asturienne, Union, Miniere, Vlellle Montagne, Calbecq, Hainant-Sambre, UCB and TabaesAna. UK and French shares were generally little157 words
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Article298 1977-10-15 7 FRANKFURT: Shares fell mainly up to 1.50 marks on Thursday in a technical reaction to gains earlier this week, market sources said. Chemical shares lost on average 1.50 marks but electricals fsll only fractionally. In u till ties. Vaka lost 1.50 after the Supreme Court rejected an appeal by298 words
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Article145 1977-10-15 7 MILAN: Btocks showed scattered gains In rather thin dealings on Thursday, bourse sources said. Fiat, Pirelli Spa, Moatediaon and Mediefcaaca were among stocks to gain. Saia Viscoea was marginally higher, while Geaarale Immobiliare feU and Aaaicurasloai General! eased slightly. fulaldw lost points and Fiarider was also lower. OCT U145 words
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Article295 1977-10-15 7 PARIB: The market was narrowly Irregular In relatively calm trading on Thursday, dealers said. Banks and portfolio Investments were weaker on balance, while foods, buildings, engineerings, and printings were Irregular. Stores and electrical* were mostly higher. All foreign* were lower following the decline In Wall Street. OCT 1J Fn295 words
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Article274 1977-10-15 7 ZURICH: The market turned slightly irregular In moderate trading that lacked new incentives on Thursday, dealers said. Major banks were little changed, but flnanclals eased after recent strong gains. Insurances, however, continued firmer. Small losses premodlnated In leading Industrials Including bearer shares of Saurer, CibaGeigy, Hermea. Aluauiaae and Hero.274 words
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Article416 1977-10-15 7 JOHANNESBURG: Gains In the gold sector outnumbered losses by about two to one but most shares were off best levels following bouts of profit-taking, dealers said. Activity was sporadic, with trading mostly on local account. Gains ranged to 40 cents and losses to 50 cents. Financial minings were unchanged416 words
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Article269 1977-10-15 7 TORONTO: Share prices closed broadly lower In active trading on Thursday. Dealers attributed the decline to New York weakness. The composite Index was off three points and losses outnumbered gains 253 to 163. Craw* Neat Industrie* Jumped <25 to $75. Shell Canada plans to offer $85 a share for269 words
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Article1160 1977-10-15 7 NEW YORK: A brief spurt of bargain hunting at mid-session failed to attract a following on Thursday as tight money worries sent stock market prices to their lowest level In two years. Trading was active. Analysts said Investors have been worrying all week that US money supply would1,160 words
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Article62 1977-10-15 7 FINANCIAL TIMES INDUSTRIALS Thursday 485.7 Wednesday 504.2 Week Ago 518.7 DOW JONES AVERAGE INDUSTRIALS Thursday 818.17 Wednesday 823.98 Week Ago 842.08 LONDON DOLLAR PREMIUM Thursday 89* to 89H Wednesday 88 K to 88* H.K. HANG SENG Thursday 418.81 Wednesday 420.55 Week Ago 425.42 SYDNEY INDUSTRIALS Thursday .368.42 Wednesday 367.8062 words
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Advertisement152 1977-10-15 7 T 3 about KLM's ss is absolutely first class and more. Its special lands for a lot of privileges. allowance is 50% higher. Your luggage the plane for a fast getaway. You are entitled to eck-in facilities at airports. And exclusive lounges to relax in. too good to be called152 words
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COMMODITY REPORTS AND PRICES
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Article492 1977-10-15 8 THE Singapore rubber market yesterday opened fractionally lower, reflecting the further decline in London but later rose some 0.75 cent on shortcovering and speculative buying. Fair upcountry stale bull liquidation at the higher levels was well absorbed. Towards the morning close, the market tended slightly492 words
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Article29 1977-10-15 8 Rubber: Oct U Singapore: November 213.50 onto (up 0.50 cent) Malaysia: November 215.50 oenta (up 0.50 oent) Tin: $1,768 (unch) Official oflMnf: 1M tnnnsa (down nine tonne*)29 words
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Article308 1977-10-15 8 R A S prices in cent* per kilo yesterday: Noon Close (per kilo) (per kilo) Int. 1 8.8.8 prompt Int. 1 R S S. Nov f.o.b. Buyers Sellers Buyers Sellers 212.00 213.00N 212.00 213 OON 213.50 214.00 213.50 214 00 Int. 1 R.S.8. Dec 215.90 216.00 215.50: 216.00308 words
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Article276 1977-10-15 8 HONGKONG, FD. The market closed firmer In quiet trading after a firm opening, in line with the overnight trend in New York, dealers said. October closed at 53.10/54.50 from yesterday's 52.00 bid, while other months rose US 0.24 to 0.03 cents on trade house buying throughout the session,276 words
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Article466 1977-10-15 8 ALL was quiet on the Singapore produce market yesterday as the disinclination to deal grew more pervasive. The off-and-on Interest shown by overseas buyers, especially the European ports ana New York, was not enough to provide any Impetus to prices. Most commodities, therefore, tended lower. This was particularly466 words
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Article248 1977-10-15 8 LONDON, Frl. Coffee opened £2 to £23 lower with the official tone "steady." Volume totalled 272 lots. Traders said initial selling followed the easier tone In New York on Thursday. Trade houses were on both sides of the market. Coffee futures slipped £52 to £15 by mid-day. volume totalled248 words
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Article234 1977-10-15 8 THE 8tralts tin price In Penang yesterday «u unchanged at Mil ,788 on an official offering down nine tonnes to 106 tonnes. In LONDON yesterday, tin rose £85 for cash and £27 for Three Months while high srade was up £90 and £20 respectively. Dealers said the market234 words
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Article187 1977-10-15 8 BANGKOK, Frl. Indicative prices for rice quoted today were: (U8 dollars per tonne fob basis Bangkok): White Rico: 100 pet Ist class 308, 100 pet 2nd 292, 100 pet 3rd 288, 5 pet 277, 10 pet 260, 15 pet 257, 30 pet 284,25 pet 247, 35 pet unq. Broken:187 words
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Article73 1977-10-15 8 C.I F Rotterdam. US dollars per ton. LONDON: l«ondajr rmwfcom Malaysia 5% Ma bulk 450 sir December 438 sir Sumatra 5% tt a 520 sir Oct 510 sir Nov 460 sir 405/402 50 pd Dec 437.90/440 pd 445/440 pd Jan 432.90/435 pd 447.90 pd Feb 432 pd 44573 words
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Article156 1977-10-15 8 LONDON, Fri. Terminal sugar was £0.35 down to unchanged at the opening call and later tended to ease In light open trading. Dealers said the easiness mainly reflected recent bear sentiment with nearbys coming under particular pressure from prospects of Increased producer selling before the end of the year.156 words
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Article201 1977-10-15 8 LONDON, Frl. Renewed concern over tightness of early shipment physicals sent nearby December to £40 limit up In late morning at £2,423 but other Eosltions showed only mlted gains. However, end session levels were down from the highs and ranged from £29 up (near December at £2,410.50) to £10201 words
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Article121 1977-10-15 8 CHICAGO, Frl. Soybean futures pressed lower at the close and finished at the bottom of the trading range with losses of 9 1/2 to six cents a bushel. After a brief firming In early trade, prices moved downwards on liquidation and speculative selling prompted by Improved harvesting prospects. Weakness121 words
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Article73 1977-10-15 8 CHICAGO, Frl. Wheat futures finished the session Yi cent a bushel lower to Vt cent higher after recovering losses of as much as four cents. Local speculative selling and commission house stoploss liquidation dropped prices In early trading. But prices moved back upward on local short-covering and some commission73 words
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Article364 1977-10-15 8 MARKETS have lost some four cents In a quiet trading week. Initially, levels held up on the news that President Carter had reaffirmed the Ford administration's strategic material policy of stockpiling on a three-year war contingency basis this was bulllshly construed in some quarters, but other364 words
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Article358 1977-10-15 8 LONDON, Fri. Copper wire bars fell £5.50 for cash and £6 for Three Months. Dealers said early selling was induced by the overnight trend In New York, currency considerations and expectations of a moderate rise in warehouse stocks this week. Three Months traded down to £606 per tonne in358 words
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Article188 1977-10-15 8 LONDON, Frl. Sliver closed with losses of 0.2 to 0.5 pence per troy ounce. The market was very quiet, prices giving marginal ground in sympathy with gold and the general trend In base metals. Three Months traded In the ring at 272.5 pence per troy ounce, with only two188 words
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Article330 1977-10-15 8 IN THE Singapore market yesterday, the kllobar opened at 5512,362 and declined throughout the day to close at 112,312. In the London market, the metal opened at U*****.60/ 90 and closed at $157.10/30. The London morning fix was U*****.40, down £> cents on the previous fix. Souroe: Sinftmai Retail330 words
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Article107 1977-10-15 8 LONDON, Frl. Lead was £5.25 down for cash and £4.50 lower for Three Months. Dealers said prices generally followed the trend of copper, with local selling and long liquidation pushing Three Months down to £349.50 per tonne. However, fresh buying at this level steadied the mar- i ket at107 words
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Article82 1977-10-15 8 LONDON, Frl. Zinc was £1 down for cash and £1.25 lower for Three Months. Market sources said zinc remained featureless throughout the morning, with prices generally fluctuating narrowly In line with copper. Three Months finished the ring at £296.50 per tonne. Ring sales of 1,125 tonnes were about half82 words
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MONEY AND EXCHANGES
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Article568 1977-10-15 8 SINGAPORE'S foreign exchange market yesterday saw another wild day with speculators out In force against the U8 dollar. Against the Japanese ven the dollar opened a clear two points from Thursday's close to yen 253.20/50. Bupport from the Bank of Japan got the dollar up to 253.80/90 but overseas568 words
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Article53 1977-10-15 8 ACBC Alfenxof Bank (v. Citibank 7 Bangkok Bank 7 hsbc (V, Bank at America Bank of China Hank of Tokyo >.. ..M ....7 6v. IndocuM... MaLayaa Miuui Bank 7 Bank N<«ara 7 OCBC OUB 6 v, 7 Cha<-Ur«4 Bank T UCB 7 ChaM Manhattan ....7 UMBC 753 words
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Article145 1977-10-15 8 Asian rates ASIAN currency deportt rttn a* at cloae on Oct 14 Interbank US Dal lars (Spat) 7 days 1 mth 2 mtlu 3 mthi 8 mtha 9 mths 12 mthi 1 mth 3 mths mths 12 mths 8% 6% 77/16 78/16 73/16 71/16 71/S 73/B 713/16 711/16 713/16 713/16145 words
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Article42 1977-10-15 8 RANGE of prtcM offered by discount houses on Oct 14: Ovemlfht 3*% Call deoosu t% toi B«yt* 3-Month Treasury bills 33/19 3-Month Bank HlU 41V16 3-Month CD Sl/M •-Month CD 97/1 Jl/H 413/18 9 9/16 93/4 Source: National Discount Co. Ltd.42 words
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Article101 1977-10-15 8 Euro rates LONDON, Frl. Period Eurodollar deposit rates averaged 1/16 point gains in opening moderate trading Interest, dealers said. Early business was reported In the middle of quoted ranges with a fair amount of rollover business reported In Six Month funds. Short date rates turned back having opened harder reflecting101 words
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Article52 1977-10-15 8 RESULTS of tender held on Oct 14 for 91-day Treasury bills, 91-4ajr Mill to be Issued from Ort 17 to 21 Offend: 140.000.000 AKMtod for: 866.300.606 Altottad: HO 000 000 Accepted Btda: 800 21 sDoroMmalely 96H higher Wdi to full Average rate of discount 3 170% pa52 words
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Article155 1977-10-15 8 NEW YORK, Fri. The US dollar fell back against most major currencies in late trading after US treasury secretary Michael Blumenthal's comments on yen and mark appreciation, dealers said. Dealers said this apparent US desire for further appreciation of strong currencies spurred Immediate Jumps in currency rates against155 words
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Article229 1977-10-15 8 LONDON, Fri. The dollar fell against major European currencies In intermittently active business here, dealers said. Pressure on the US unit stemmed principally from apprehension over the US$4.9 billion rise in US Ml money supply and the $6.5 billion advance In M 2, figures worse than expected, they said.229 words
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Article148 1977-10-15 8 HONGKONG, Frl. The US dollar staged a modest recovery here after opening below Its weaker New York closing levels, dealers said. Trading remained active throughout the day but operator Interest switch to taking In dollars and profittaking on Its recent decline from the heavy fluctuations of the yen earlier148 words
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Article83 1977-10-15 8 TOKYO, Frl. The dollar for overnight delivery closed at 253 yen, unchanged from today's opening but down from 255.70 at yesterday's close, dealers said. The Bank of Japan bought an estimated US$3OO million to )350 million to support the US currency throughout the day, they said. Spot trading volume83 words
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Article58 1977-10-15 8 AUSTRALIA/NZ exchanges quoted on Oct 14. AUSTRALIA: Sterling 0 63*4/ 0.6324 US dollar 1.1340/ 1.1193 Ninety-day air mail buying rate*: Sterling 0 6535 US dollars 1 1525 Ninety-day forward buying rates Sterling 0.0300 U8 dollars 1.1131 NEW ZEALAND: Sterling 0 5571/ 0 5540 US dollar 0 967 V 0.977558 words
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Article48 1977-10-15 8 ZURICH exchanges closing quotes on Oct 13 US 2.2940-2966 UK 4 0463-0464 Can 2.0616-0636 W Oerm 100 37-43 Neth 94.30-36 Prance 47 19-22 Belg 6 4644-4666 Denm 37.33-56 Norw 41.60-63 Swed 47.73-76 Italy 0 3601 st-3603 Austria 14.67-16 Port 9.6442-6632 Spain 2 7227-7381 Arg 0.47-0.97 Japan 0.9010-961648 words
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Article42 1977-10-15 8 FRANKFURT exchanges opening quotes on Oct 14 US 2 2796/ 2506 Can 2.0660/ 76 UK 4.096/ 033 Neth 93 70/ 80 SwlU 66.60/ 66 Italy 2.960/ 960 Prance 46.66/ 47.06 Norw 41.63/ 61 Belg cool 6.436/ 446 Japan 0 9010/ 3042 words
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Article269 1977-10-15 8 LONDON, Frl. Straight US dollar bonds were mostly unchanged In 1 quiet trading, dealers said. Eurobond prices quoted on Oct 14 Straights BM OChr Austria 8*100 191V. 102 BFCE 8*83 100 101 Brazil 9 >*84 98* 99 V, Can Pacific 9 V.83 100* 101* Credit National 8*86 99 99*269 words
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Advertisement378 1977-10-15 8 r"V% from Penguin o 1976 Nobel Prize Winner 1976 Nobel Prize Winner is at his best again in his latest book To Jerusalem and Back'. As with his recent best-seller 'Humboldt's Gift', Bellow's brilliant images emerge at frequent intervals like sunshine through fog, witty, clever, radiantly imaginative and without doubt,378 words
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Article, Illustration357 1977-10-15 9 THE AS-350 Ecureuil helicopter which Samaero, the Singapore-French Joint venture company in Singapore will be selling from the middle of next year, is the latest offspring of the Helicopter Division of Aerospatiale, its French partner. Samaero, comprising Singapore Aerospace Maintenance Co. (Samco) and Aerospatiale,357 words
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Article159 1977-10-15 9 AP LONDON, Frl. Great Lakes grain rates moved up steeply yesterday under pressure of demand for tonnage in October loading positions. An outstanding example of better payments was the October fixture of the "Kapodistrlas" with a total cf 27,000 tons of grain from Chicago and the St.AP - 159 words
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Article271 1977-10-15 9 BEN Ocean is a Joint conventional UK/ North Continent-Far East service. Its members comprise Ben Line, Blue Funnel, Glen Line and NSMO. It was initiated in March 1975. The service itself Is divided into three sector services, namely "D", "R" and "Y". From Straits ports, Ben Ocean loads271 words
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1708 1977-10-15 9 MICHAEL DONNE - By MICHAEL DONNE FT THE unfinished saga of what to do about the growing volume of air traffic moving Into and out of London and the south-east of England has been given a new twist as a result of the Government's decisionFT - 1,708 words
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Article, Illustration373 1977-10-15 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge C IV (0700 alongside Pleiades) 40/41 Barge Wllco 6 (0700 alongside Pellades) 40/41 Kenlngau (1300) 20 King Pearl (0600) 23 Nlchlku Maru (JHOU) (after Bunga Or kid) 33/34 Ocean Supply (B. Barge) (0400) 38/39 Perak (1300) 21 West Pleiades (0600) 40/41 Ramoneverett373 words
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Article87 1977-10-15 9 Reuter DETROIT, Frl. New car sales by the big four American manufacturers Jumped more than 15 per cent in early October. The biggest rise in the October 1-10 period was reported by Ford, whose sales rose 27 per cent from a year ago to 86,126 cars.Reuter - 87 words
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Article611 1977-10-15 9 ARRIVALS 901 VIO0 Operator Nuba Isoca Tin J From CAL CPA MAS CPA CAL QIA OLA THAI SIA OIA OIA PAL RBA SIA OIA KLM MAS SIA OIA TMA MAS SIA SIA OIA MAS SIA OIA AI MAS SIA PAA SIA OIA SIA ANZ QAL SIA SIA611 words
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Article119 1977-10-15 9 AFP BANGKOK, Frl. Thailand's national flag carrier, Thai Airways International, plans to increase regional and International flights and to raise Its working capital by US$3O million (5174 million) next year. The airline's managing director Air Marshal Choo Suthlchote said from next month, Thai would operateAFP - 119 words
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Advertisement92 1977-10-15 9 SINGAPORE ess $300 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 weakening of the dollar and,92 words
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Article864 1977-10-15 10 KEVIN RAFFERTY - After being negligent for years, Pakistan is getting around to making a serious search for oil, based on the knowledge that its geology is of the right kind. KEVIN RAFFERTY reports from London. KEVIN RAFFERTY FT PAKISTAN Is pressing ahead with negotiations with Oulf Oil,FT - 864 words
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Article, Illustration958 1977-10-15 10 NICKI KELLY - NICKI KELLY examines the development of Nassau from tax haven into international financial centre. NICKI KELLY FT "IT'S better In the Bahamas," says this year's Ministry of Tourism sfogan. Most of the financial institutions doing business here would agree. Aided by tax IncreasesFT - 958 words
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1043 1977-10-15 10 HEDRICK SMITH - By HEDRICK SMITH NYT WASHINGTON: Behind President Carter's tartly worded attack on the oil Industry on Thursday Is a recognition within the White House that he will have to make major compromises on parts of his energy programme If he Is to succeedNYT - 1,043 words
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Article799 1977-10-15 10 TAN CHOON CHYE - Letters to the editor TAN CHOON CHYE L REFER to the recent letters In your columns on what I consider as expressions of different views on auditing standards and practice, their formulation scope and purposes. In considering all these technical matters, the question of799 words
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Article124 1977-10-15 10 K.H. WONG - K.H. WONG IF I remember correctly, the article published recently in the Business Times (Sept 5) by Messrs Oan Tin Hua and Awther Singh was marked "Part I". In the public Interest and in order that one could arrive at an independent judgement of the rights and wrongs,124 words
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Advertisement331 1977-10-15 10 Slow boat from nine nF q3 Ji-^--aswfr r CHINA TRADE QUARTERLY 'far East Publications gj 1913, Hanglung Centre, Paterson Street, Causeway Bay, Hong Kong. rT~~]Please enter my full subscription to China Trade Quarterly. I am enclosing e cheque/money order for US$2OO.OO or equivalent in other currencies. 1 Please forward issue(s).331 words
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576 1977-10-15 11 AFP CANBERRA, Frl Australia Is unlikely to have an early general election although Prime Minister Malcolm Fraser refuses to confirm or deny the possibility. It is learned reliably In Canberra today that the Governor-General, Sir John Kerr, has let It be known thatAFP - 576 words
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194 1977-10-15 11 Reuter PEKING, Frl. Chinese banking officials yesterday told businessmen accompanying West German Foreign Minister HansDietrich Genscher that China's central bank was prepared to accept deposits from West German banks to finance major Individual projects, sources said. The Chinese officials had stressed the depositsReuter - 194 words
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119 1977-10-15 11 Reuter HONGKONG, Frl. The Hongkong sugar futures market contract is based on raw cane sugar of 96 degrees average polarisation, fob stowed in bulk designated ports, thus covering 33 countries of origin, commodity dealers here said. The origins are Argentina, Australia. Brazil. Belize, Colombia,Reuter - 119 words
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288 1977-10-15 11 AFP CANBERRA, Frl. The state government has Intervened to protect Queensland building societies, one* of which has gone Into liquidation and another has suffered a run on its funds. The run on the building societies is symptomatic of the lack of confidence InAFP - 288 words
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Article68 1977-10-15 11 TOKYO, Frl. Japanese refiners are seeking more Australian price concessions in a 17-month-old sugar trade dispute with Australian producers, according to sugar Industry sources here. Top leaders of Japan's 33 refiners, in a meeting held yesterday, agreed that Australia's latest settlement proposal is acceptable In terms of general formula.68 words
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222 1977-10-15 11 INDONESIA'* Minister far Indnetry, General M. Juaof, flew Into Singapore yeatardty at aooa far aa offlcial visit. He was mom* peeled by hi* wifa ead i four-womber delegation which included the Director General of ladeaeeU's Gea. Jusuf Mid he will diacue* bilateral ead222 words
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Article58 1977-10-15 11 NTUC secretary-general, Mr. Devan Nalr, left for New Delhi last night to preside over a meeting of Asian trade union leaders who will discuss tirade union projects in Asia next year. Mr. Nalr Is president of the Asian regional organisation of the International Confederation of Trade Unions.58 words
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Article138 1977-10-15 11 THE Singapore Institute of Management Is organising a three-day course on "Principles and practice of management" beginning on Nov 23 at the SIM conference room, Thong Teck Building. It Is meant for executives and managers who have no formal education In business management. It alms138 words
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1926 1977-10-15 11 IRENE NGOO - ■y IRENE NGOO LONDON, Frl. Richard Tarling, 42, former chairman of Haw Par Brothers International, has been spared having to spend this Christmas away from his wife and two sons in London this year. Although he lost In his final bid to escape extradition to1,926 words
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459 1977-10-15 11 KEY EXPORT ITEM PLAN UPI SEOUL, Frl. The South Korean Government la restructuring the nation's car Industry with \t he emphasis on Improved supply of vital parts and components, an American car expert said today. Mr. Herbert Telshaw Jr.. of General Motors (QM), vice presidentUPI - 459 words
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426 1977-10-15 11 ROBERT Bosch (SEA) representing the West German Bosch Group Is stepping up Its promotion and coordination of Bosch activities in South-east Asia. Mr. Kurt Schlps, a member of Robert Bosch's executive board, said the company plans to Intensify its business and servicing activities426 words
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Article214 1977-10-15 11 Reuter DOHA, Frl. Indonesia and Qatar yesterday decided to set up a Joint commission to propose a proSramme or cooperation etween the two countries. A Joint communique Issued here after a 24-hour visit by Indonesia's President Suharto, also said that he and the Emir of Qatar, Sheikh KhalifaReuter - 214 words
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347 1977-10-15 11 TOKYO, Frl. President of the European Communities' Commission Roy Jenkins asked Japan to encourage the sale here of aircraft, chemicals, pharmaceuticals, delsel engines and processed foods from the EEC, Informed sources said. The sources said Mr. Jenkins made the request at a meeting347 words
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Article159 1977-10-15 11 Reuter TOKYO, Prl. Japanese Prime Minister Takeo Fukuda told the Diet (Parliament) yesterday that the government would never approve any Japanese private Investments designed to manufacture weapons overseas. Japan has a policy not to export weapons to communist countries, to whom arms sales are banned by theReuter - 159 words
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Advertisement252 1977-10-15 11 APPOINTMENTS We are a subsidiary of a large U.S. multi-national corporation which manufactures electro-mechanical consumer products. We Invite suitable applicants for the following challenging career appointment. MATERIALS MANAGER This Is a senior appointment and the incumbent will have total responsibility for all the material control functions within the Company. The252 words
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580 1977-10-15 12 TERESA LIM - By TERESA LIM JURONO Shipyard, one of Singapore's largest shipbuilding and repair yards, yesterday made a strong plea to the Singapore government for better credit terms for local and foreign shipowners. Shipbuilders and shipowners In Singapore have long been pressing for better580 words
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136 1977-10-15 12 TOKYO, Frl. Shipbuilding orders received by Japanese yards from abroad more than halved to 1)0 ships totalling 1.51 million gross tonnes In the flrit half of fiscal 1977, beginning April, from 254 ships totalling 3.16 million tonnes in the same period last year,136 words
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Article98 1977-10-15 12 Reuter TOKYO, Fri. Prime Minister Takeo Fukuda called an emergency meeting of Economic Affairs Ministers this morning to discuss urgent measures to help reduce Japan's current account balance of payments surplus, Minister of International Trade and Industry Tatsuo Tanaka told a press conference. Mr. Tanaka saidReuter - 98 words
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367 1977-10-15 12 Reuter TOKYO, Frl. Japan's customs clearance trade surplus rose to $1.07 billion (552.62 billion) In September from a downward-revised surplus of $443 million In August and one of $506 million in September last year, the Finance Ministry announced. The ministry said September fob exportsReuter - 367 words
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313 1977-10-15 12 THIRTY-TWO apartments of the Faber Hills condominium project In Upper Ayer Rajah Road will be equipped with solar heaters. A spokesman for United Overseas Land Ltd, the developers, said they will be the first to Introduce the solar powered hot water system in Singapore. UOL,313 words
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Article78 1977-10-15 12 HONGKONG, Frl. More than US$25 million (5W1.25 million) is missing from a Thai government fund set up during the administration of former Prime Minister Kukrit PramoJ to help sugar growers, the Far Eastern Economic Review reported today. A Review report from Bangkok said there were "indications78 words
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Article684 1977-10-15 12 LONDON. Frl. The market »u quiet at the close ahead of til* British September trade figures, dealers said. 4hort dated government bonds attracted relatively heavy trading interest and closed up to higher while longs gained up to H. The H per cent reduction in the UK Minimum Lending684 words
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191 1977-10-15 12 A 20-MEMBER trad* mission comprising garment manufacturers and a government official will leave for the EEC today. The mission led by Mr. Lam Thian, chairman of the Singapore Textiles and Garment! Manufacturers' Associations will seek to foster cloeer trade ties with the191 words
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Article84 1977-10-15 12 Reuter WASHINGTON. Fri. The IMF set London delivery for Its next gold auction, scheduled as usual for the first Wednesday of the month. The auction Is to be held on Nov. 2 for 525,000 ounces of gold, with successful bidders receiving gold at the actual prices bid.Reuter - 84 words
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897 1977-10-15 12 'RIPOFF* CHARGES UNFOUNDED NYT NEW YORK, Fri. The oil Industry, the target of the sharpest presidential attack on business since President Kennedy assailed steel makers In 1962, reacted to President Carter's sweeping denunciation with anger and touches of apprehension yesterday. The major oilNYT - 897 words
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Article141 1977-10-15 12 MARATHON LeTourneau Offshore surprised rigmarket pessimists by winning Its second Jack-up oil rig contract In Just two months this time the rig will have a total value of $00 million. The order was placed by Forex Neptune (Triton Industries), a division of Schlumberger of France.141 words
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Article199 1977-10-15 12 MANY leading hotels have embarked on expansion plans to prepare for the anticipated tourism boom, the acting Minister of Social Affairs, Dr. Ahmad Mattar, said yesterday. He noted that the hotel industry here has "grown tremendously" during the past decade. He added: "Almost every199 words
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Article311 1977-10-15 12 SOUTH East Asia Co (Pte) Ltd officially opened their newly completed warehouse for bulk fertilisers at Jurong Port yesterday. The warehouse is owned Jointly by SEAFCO and Jurong Town Corporation. According to the company's managing director Mr. M. Rhelnbaben, there are four shore-cranes, each able to unload311 words
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Article567 1977-10-15 12 THE recently registered Singapore Flower Exporters 1 Association is gearing up to promote the orchid industry. There was all along a need for the 50 or so orchid exporting businesses to work together, said Its president, Mr. Wee Thlam Choo, although It was the report in567 words
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Article144 1977-10-15 12 AP WASHINGTON, FYI. The U8 Senate Finance Committee, ignoring President Carter's plea for cooperation, Is finishing work on an energy tax hill that kills most of Mr. Carter's proposals. The bill, due for a final vote today, Includes billions of dollars worth of tax breaks,AP - 144 words
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234 1977-10-15 12 AP WASHINGTON, Fri. President Carter has confirmed that he may ask Congress to cut taxes next year to stimulate the economy. "The rapidity with which tax cuts will be instituted will be determined by the state of the economy/' Mr. CarterAP - 234 words
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Advertisement241 1977-10-15 12 I f w .f r THEHAMLYN PICTORIAL ATLAS OF THE WORLD A modern and comprehensive atlas h »s become indispensable both to students of geography and to general readers who want to understand the new economic and political shape of the world. Here, for the first time, a con(ise fascinating241 words
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