The Business Times, 29 October 1977
1977-10-29
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The Business Times
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Title Section10 1977-10-29 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, OCTOBER 29, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article80 1977-10-29 1 AP TOKYO, Fri. Japan Is negotiating with the United States to import uranium ore worth US$l billion (552.4 billion) to help reduce Japan's huge trade surplus with the US, Informed sources disclosed today. Japan hopes to Import 10,000 short tons of the uranium held by the US EnergyAP - 80 words
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Article56 1977-10-29 1 UPI TAIPEH, Fri. Taiwan will start exporting locally produced cars to the United States, West Asia and Latin American next June, trade sources said today. The New York-based St. Centurion Corp. signed an agreement with Taiwan's Sanfu Motor Co. to buy 17,000 units of 400 c.c.UPI - 56 words
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Article64 1977-10-29 1 Reuter MANILA, Fri. President Marcos today urged all members of Asean to step up cooperation in finding alternative energy sources. Addressing the third meeting of the Asean Council on Petroleum (Ascope), the President referred to reports showing that unless the region Increased its oil production quickly,Reuter - 64 words
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Article47 1977-10-29 1 UPI TOKYO, Fri. The Japan Automobile Manufacturers Association (JAMA), warding off foreign criticism of so-called "non-tariff barriers" to curb foreign car Imports, has notified foreign car manufaturers of a preliminary inspection system designed to speed up the Import of foreign cars UPI. SEE PAGE uUPI - 47 words
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Article54 1977-10-29 1 AP SEOUL Fri. Canada and South Korea have agreed on annual quotas on Korean shipments of four non-clothing textile Items socks, woollen and polyester fabrics and cotton towels to Canada, it was announced here today. Officials from both governments reached the accord In a week-long meeting whichAP - 54 words
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Article88 1977-10-29 1 AFP TOKYO, Frl. The Japanese floating fair aboard the 13,082-tonne Shln-Sakura Maru will call at 13 ports In nine nations In the South-east Asian and Pacific area between August and December next year, It was announced here today. The fair, 13th of the kind, will introduce Industrial productsAFP - 88 words
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Article54 1977-10-29 1 UPI NEW YORK, Frl. A somewhat disappointing report on the economy helped turn prices mixed during the first hour of trading today. Shortly before 11 a.m. the Dow was off 0.60 point to 817.02. Advances led declines, 546 to 337, among the 1,337 issues crossing the tape InUPI - 54 words
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Chief Price Change
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Article, Illustration175 1977-10-29 1 TRADING condition! were mixed on the Stock Exchange of Singapore yesterday. Volume was low and ■till confined to selected stocks on book squaring account. The Business Times index closed 2.46 points higher at 418.30 and the Straits Times Industrial index inched 0.47 point up to 260.07. Rites175 words
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Article108 1977-10-29 1 Risos Most active Castle field D. Keramat K.L. Ind. Mentakab Kempas Ming Court C. Sugars Malex K Sldlm C Storage 6.00 8.40 0.70 2.26 3.66 1.30 2.41 2.95 5.69 2.07 +.10 +.10 +.07 +.06 +.06 .09 +.06 +.06 +.06 .04 C. Sugar 260,000 Olympia 149,000 Outhrle Ropel108 words
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Article1105 1977-10-29 1 WITHOLDING TAXES EASED MALAYSIAN Finance Minister Tengku Razaleigh Hamzah yesterday unveiled a package of fiscal incentives designed to stimulate capital inflow and capital Investment In industry, plantations and minings. A wide range of tax concessions, with no new tax levies, was revealed in his budget1,105 words
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Article140 1977-10-29 1 KUALA LUMPUR. Frl. Palm oil production In Malaysia next year is expected to Increase by 17.4 per cent to 1,938,000 tonnes In view of the expected 80,000 hectares of oil palm maturing by then. Production of processed palm oil Is also expected to show an140 words
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862 1977-10-29 1 RONNIE LIM - By RONNIE LIM THE Australian Repco group's decision to set up its $16-mllllon plant In Singapore in two years' time was prompted by rising costs In Australia which had seriously dented its ability to compete. Mr. Jim Davie, regional manager for the group in the862 words
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433 1977-10-29 1 THE government will fully support foreign manufacturing companies which start their Singapore operations in sectors like trading, where housing and servicing, and venturing into manufacturing at a later stage. Dr. Lau Telk Soon, MP for Serangoon Gardens, who was speaking at the official opening of Asea433 words
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Article122 1977-10-29 1 Reuter HONGKONG, Frl. Mr. Gerald Kaufman, Minister of State at the UK Department of Industry, yesterday said here, "I wouldn't have thought that Hongkong wanted to be done down by Singapore" when commenting on the British Airways' recent agreement with Singapore Airlines for Concorde flights to SingaporeReuter - 122 words
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329 1977-10-29 1 PAN-AMERICAN World Airways' plana to leave the International Air Transport Association (lATA) took the local airline community here by surprise. Although lATA members are sympathetic to Pan-Am, they do not intend to follow in its footsteps. "lATA "is necessary," a Lufthansa spokesman said., "and329 words
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691 1977-10-29 1 QUEK PECK LIM - ■y QUEK PECK LIM SHAREHOLDERS of Far Eastern Hotels Development Ltd (FEH) will finally be given a chance to liquidate their holdings. 21 months after trading was suspended In the counter. In a deal which will cost some $19.25 million, FEH says691 words
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Page 1 Advertisements
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Advertisement24 1977-10-29 1 %/,!-$='>-+;*}+*+/|>%''"/-.[`?\ SEE PAGE II Review*'TV A Overseas Stocks B Cflßimoditiss J News —PS o. News —P4 OswuilcinoM tkmal Ce. Psstyw News —PS Lsesl A Oisiim24 words
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Advertisement128 1977-10-29 1 jt i# 1 LSffl --V N..'* I -Mhtwm -*C3i N AiVIOKT IMEINGGSHED Cm Peugeot 604 exudes luxury. It's rigid body is protected by Electrophoresis and six handsprayed coats of paint plus a top layer of varnish. Insulation from noise and vibration is achieved via a floating differential, seats that are128 words
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Advertisement148 1977-10-29 1 A COMPLETE COPYMG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE Tel *****2 (5 Lines) APS ELECTRONICS (M) SON BHD KUALA LUMPUR Tel *****/********** :0» A'J i Ij giICMC* M CT Trust Sony for your video TIPAfI CS customary vision and foresight Sony pioneered video equipment. Today. Sony is one of the148 words
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MARKET REVIEWS
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Article470 1977-10-29 2 IVAN FALLON - LONDON By IVAN FALLON IT WAS budget time again In London this week and as Mr Healev polished up his twelfth effort in 3Vi years, the City turned cautious. Nothing enormous wa.« expected, with tax options available to Mr Heaiey as apparent to the City470 words
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Article131 1977-10-29 2 STOCKBROKERS Laurence Prust written about the attractions of London Sumatra, the largest UK., plantation company in Indonesia and as they say "the only one to produce significant profits." Its development programme to improve the estate's profitability is nearing completion and the balance sheet of the Indonesian131 words
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Article297 1977-10-29 2 INSURANCE Is not Slme Darby's only concern at the moment. Wrengate, its Assam Frontier run by British Nationals of Indian origin, wants to take over tea interests and has been attempting to do so for months. Wrengate's merchant bankers are believe It or not297 words
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639 1977-10-29 2 FOR weeks the London Insurance market has been simmering with rumours of the size of the losses chalked up by Slme Darby's Insurance subsidiary Robert Bradford. This week we learned a Uttle more but still by no means all. In Its own report and639 words
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713 1977-10-29 2 SINGAPORE APART from the firmer trend noted In mining and rubber stocks, the Stock Exchange of Singapore ruled dull and featureless this week. Trading volume was low and still concentrated In about a dozen counters. Mining stocks started the week on a quiet but713 words
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438 1977-10-29 2 AP GENEVA, Fri. Antidumping action against Japanese carbon steel plates was only of a preliminary nature and the US would welcome any opportunity to discuss the case In detail. The assurance was given by Mr. Pleter Ehrenhaft, Deputy Assistant Secretary of the USAP - 438 words
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Article109 1977-10-29 2 AP NEW YORK, Frl. Two weeks after President Carter warned of "potential war profiteering' 1 by oil companies he said were planning "the biggest rlpoff In history," most US oil firms are reporting lower or flat earnings for the third quarter. I Of the 18 major firmsAP - 109 words
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335 1977-10-29 2 Goh Hiang Peng - Goh Hiang Peng SCRIP ISSUE Kemayan Oil Palm: one-for-flve, capitalising M 52,500,000 OTHERS Nanyang Press (1975) Ltd. has been admitted to the official list of the Stock Exchange of Singapore and trading in the company's 5.14 million ordinary shares will commence at335 words
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Article415 1977-10-29 2 COMMODITY stocks commanded the spotlight on the Lumpur Stock Exchange this week. Tin shares attracted bullish Interest on the first two days and when the pace seemed to slacken market operators made a sudden switch to the rubber counters on Wednesday. Profit-taking eroded most of the gains made415 words
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Page 2 Advertisements
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Advertisement399 1977-10-29 2 A Major New latent in Penguins Paul Theroux Paul Theroux, an American now living in London, has been acclaimed as one of today's major writers compared with Graham Greene and Joseph Conrad. The Great Railway Bazaar, his latest in Penguins is the true story of Theroux's railway odyssey from London399 words
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Page 2 Miscellaneous
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Miscellaneous52 1977-10-29 2 THE WEATHER WEATHER report far 24 hours prior to 7.30 pa, on Oct 28 at Singapore airport. Maximum Temperature 31.8* C Aeeoeiated Humidity M Minimum Temperature 23. t*C Aoooeiatod Humidity 100 Hours of Sunahine 1.30 Rainfall in Millimetre* Trace Total Rainfall for the Mouth 41.0 Total Rainy Days for the52 words
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Miscellaneous326 1977-10-29 2 SINGAPORE 5 1.00 PM Opening announcements followed by Sesame Street 0 2.00 Saturday Matinee Duel Of Fire. Starring: Fernando Lamas, Uana Orfei 0 3.30 World Cup Soccer Thailand Vs Indonesia (English Repeat) o 5.00 Sandiwara A Malay drama entitled "Menjelang Maghrib" (Repeat) with English subtitles 5.40 Bonanza The Night Virginia326 words
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OVERSEAS
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307 1977-10-29 3 Reuter PARIS, Fri. Major noncommunist industrialised countries pledged yesterday to increase aid to developing states by US$5 to $6 billion (Ssl2 to $14 billion) over the next five years. Mr Maurice Williams, chairman of the Development Assistance Committee (DAC) of the OrganisatlonReuter - 307 words
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279 1977-10-29 3 MEXICO CITY, Fri. Mexico's state oil company, Petroleos Mexlcanos (Pemex), has increased Its estimates of petroleum reserves to 120 billion barrels. That, according to the oil company, is almost twice as much as Iran has and second only to Saudi Arabia among279 words
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Article408 1977-10-29 3 Reuter BASLE, Fri. Swiss Bank Corp said it expects the supply of new gold to the international market to be around 1,450 tonnes this year, little changed on 1976. This agrees with a previous forecast by Credit Suisse, while in June Consolidated Ooldfields forecast an upperReuter - 408 words
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Article182 1977-10-29 3 JOHANNESBURG, Fri. Krugerrand sales in October have been very strong with recent political factors having no adverse effect, Intergold Corp manager Don McKay -CoghllJ said. Questioned on local press reports of US Investors selling gold shares to buy coins, he said Krugerrand sales always pick up182 words
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456 1977-10-29 3 NYT WASHINGTON. Frl. The State Department has recommended that Israel be allocated US$l.B billion (554.4 billion) in military and economic aid in the next fiscal year the same high level it received this fiscal year Administration officials said yesterday. A final AdministrationNYT - 456 words
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233 1977-10-29 3 UPI NEW YORK, Frl. Saudi Arabia has made a major change in Its investment policy and ordered Its Investment bankers to step up their loans beyond bluechip American corporations. Reporting this yesterday, Business Week added: "The Saudis, through the Saudi Arabian Monetary Authority (SAMA) haveUPI - 233 words
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316 1977-10-29 3 Reuter WASHINGTON, Fri. President Carter said he and Federal Reserve Board chairman Arthur Burns have honest differences of opinion but are working toward the same foal. "I welcome his public criticisms and I think I can understand his point of view,"Reuter - 316 words
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127 1977-10-29 3 AP UNITED NATIONS. Frl. The US$l billion (552.4 billion) International Fund for Agricultural Development wilt become operational before the end of the year with Its governing council meeting in Rome on Dec. 13. an official said here yesterday. AM Al-Sudeary of SaudiAP - 127 words
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Article577 1977-10-29 3 AP Reuter FLORENCE, Frl. Mr. Roy Jenkins, president of the European Common Market Commission, urged yesterday the creation of a single European Community currency. Speaking at the opening of the academic year at Florence University, Mr. Jenkins said in a speech prepared for deliveryAP; Reuter - 577 words
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524 1977-10-29 3 Washington WASHINGTON, Frl. Final budget figures for the last fiscal year show a deficit of US$45 billion (BSIIO billion). $23 billion less than President Carter's first estimate In February mainly because spending fell short of estimates, the administration reported yesterday. However, most of theWashington - 524 words
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Article306 1977-10-29 3 Reuter WASHINGTON. Fri. President Carter said he will delay presenting the administration's tax reform proposals until after Congress recesses. He said that while most of the work has been done on the reform package, he wants Congress to act on social security and energy before presenting theReuter - 306 words
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Article167 1977-10-29 3 Reuter WASHINGTON, Fri. The sharp narrowing of the US trade deficit In September is an "abberatlon," Commerce Department deputy chief economist Maynard Comlez said. Mr. Cornier said, "You should not read too much into the figures," which showed the deficit narrowed to a seasonallyReuter - 167 words
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Article84 1977-10-29 3 Reuter WASHINGTON, Frl. Productivity in the US private business sector rose a seasonally adjusted annual rate of 4.9 per cent in the third quarter after a 1.1 per cent decline for the second quarter, the Labour Department reported. The gain permitted the slowest rise in two years inReuter - 84 words
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Page 3 Advertisements
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Advertisement13 1977-10-29 3 ENJOY TEPPAN-YAKI at OKOH OF GINZA Japanese Restaurant 816. Hong Leong Bldg. Te1:*****8113 words
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Advertisement337 1977-10-29 3 FROM FEDERAL PUBLICATIONS >v< LIM B/AAI YAM 1 IF I a step-by-step guide An easy-to understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger of even the veriest novice The joy of this book, however,337 words
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Page 3 Miscellaneous
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Miscellaneous151 1977-10-29 3 r CROSSWORDS Friday's solutions Oyptic Solution ACROSS —3, Waist. 8, Japan. 10, Ho-tel. 11, Gas. 12, Joker. 13, Port-ray. 15, Aster. 18, Row. 19, Grouse. 21. Pebbles. 22, Earl. 23. Till. 24, Snow'd-on. 26, Crusoe. 29, Ear. 31, Yodel. 32. Fly-past: 34, Rebe-L. 35, Eli. 30, Reign. 37, Idles. 38,151 words
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COMPANY NEWS
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813 1977-10-29 4 AFTER OPERATING In the red for the last four years, Veneer Products has finally pulled itself out of the rut with an attributable group profit of $2.33 million for the year ended Feb 28, 1977. This represents a sharp •turnround from a loss813 words
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Article330 1977-10-29 4 RICE milling operations as usual remained a damper on the performance of Malaysia Rice Industries as Its latest results for the year ended June 30, 1977 show. The company has been losing money on this account since It began operations In 1969, and the330 words
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Article354 1977-10-29 4 a m irrent y merit Ex DatE Date payable Total for the psar Total far praviaosyeai 8. Trading Harper Gilflllan M. Flour 12% 5%I 10% Oct 17 Oct 12 Oct 5 Oct 29 Oct 31 Oct 31 12H 5H 10% 30% 15% 10%TP TetMnggOag Gen tines Shell Nat354 words
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538 1977-10-29 4 SCIENTEX INDUSTRIES BHD., which manufactures a wide range of PVC products, has taken a major stake In Synthetic Resins, a producer of PVC raw materials and whose shares are quoted on the stock exchanges of Singapore and Kuala Lumpur. Besides Hume Industries (Malaysia),538 words
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COMPANY MEETINGS
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Article30 1977-10-29 4 THE following company meetings are due: a ami L/rmKinif Oct 31 at 11.00 a.m. at the Registered Office, 16 Jalan Tangsl. Kuala i.nm. jpur 10-01.30 words
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Article22 1977-10-29 4 Oct 31 at 10.00 a.m. at the Registered Office, 0th floor, Manhattan House, Chin Swee Road. Singapore 3.22 words
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Article19 1977-10-29 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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Article17 1977-10-29 4 Nov 4 at 11.30 a.m. at the OCBC Centre (10th floor), Chulla Street, Singapore.17 words
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Article18 1977-10-29 4 Nov 4 at 11.00 a.m. at 4th floor, MacDonald House, Orchard Road, Singapore 0.18 words
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29 1977-10-29 4 Electrical Allied Industries Bhd Nov 9 at 11.30 a.m. at the Board Room (3rd floor) of the Malaysian Industrial Development Finance Bhd. at No. 117, Jalan Ampang, Kuala Lumpur.29 words
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Article19 1977-10-29 4 Rothmans Co Ltd Nov 9 at 11.30 a.m. at the Registered Office, 12th floor, Ocean Building, Collyer Quay, Singapore.19 words
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Article14 1977-10-29 4 Nov 0 at noon at 50 Jalan Am pan*, Kuala Lumpur.14 words
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Article18 1977-10-29 4 Nov 16 at noon at the Regent of Kuala Lumpur Hotel, Jalan Imbl, Kuala Lumpur.18 words
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Article185 1977-10-29 4 THE Chase Manhattan Bank, N.A. has recently promoted Mr. Johtf Lim Liang Heng and Mr. Too Kok Chai to assistant managers. Both Mr. Llm and Mr. Teo Joined Chase In 1973. Deutz Far East (Pte) Ltd Will be sending Its newlypromoted chief training Instructor, Mr. Lim Kim185 words
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Article1145 1977-10-29 4 On Oct 27 TRADING on the Chicago Board Options Exchange came to 129,343 contracts on Thursday compared with 130,128 contracts on Wednesday. OPTION JAN APL JLV STOCK Alee* Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AUR AUR Avon Avon Avon Bank Am Bank Am1,145 words
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495 1977-10-29 4 RENONG Tin Dredging Is Investigating an opportunity to participate in an extant tlMhlnlng company In Australia. Prior to this offer, the company had examined and rejected several other mining ventures, says chairman, Mr. C.W. Treslse, In his annual review of operations. Meanwhile retreatment of495 words
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764 1977-10-29 4 BURBANK (California), Frl. Lockheed Corporation said It does not think the respective 140 per cent and 51 per cent rise In net earnings for the third quarter and the first nine months this year represent a trend for future earnings. Third quarter764 words
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Article290 1977-10-29 4 DETROIT (Michigan) Frl. The leadership of Chrysler Corporation, not upset by a 50 per cent drop in third-quarter profits, says conversion to new, smaller-sized cars Is costly now but will pay off soon. "Call It an investment in the future If you want," Mr. John Rlccardo, chairman of290 words
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Article243 1977-10-29 4 Reuter London, fyi. Petroieo Mexlcanos, the Mexican hydrocarbons monopoly, said It may raise up to US$5OO million on capital markets over the next two years to help finance a US$l billion natural gas pipeline linking the Tabasco gas fields in the South East of the countryReuter - 243 words
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Page 4 Advertisements
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Advertisement157 1977-10-29 4 o the 8 Steps to Health and Peace by Richard L. Hittleman (author of m yoga 28 day EXERCISE PLAN) Richard Hittlaman, tha moat widaly-raad author in tha world on tha aubjact of yoga, praaants in thia book hia moat complata and in-dapth study of tha aubjact to data. Inatruction157 words
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INTERNATIONAL COMPANY NEWS
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Article307 1977-10-29 5 ASIAN COMPANIES Reuter CANBERRA, Frl. Treasurer Phillip Lynch said the government is looking into the taxation aspect of dividends or profits remittances paid overseas out of Australian profits by foreign-owned companies with Australian branches. Answering a parliamentary question, he said he asked his department toReuter - 307 words
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226 1977-10-29 5 Reuter HONGKONG. Fri. Hutchison Whampoa's proposed participation preference shares will be entitled to 5 per cent of dividends declared on the company's ordinary capital in addition to the preference dividend of 7V» per cent, well informed sources said. The participation preference shares comprise part ofReuter - 226 words
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Article146 1977-10-29 5 AFP HONGKONG, Fri. Four companies with substantial crossholdings announced today they have agreed to a merger. The companies are Public International Investment Ltd (PIIL), Vale Finance Company, London and Pacific Securities Ltd and Free Will Corporation Ltd. A Joint announcement said it was expected thatAFP - 146 words
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Article83 1977-10-29 5 HONGKONG, Frl. Zung Fu Company yesterday announced that the group's unaudited consolidated earnings for the first nine months of this year amounted to HKSI4.S million. This was some 20 per cent higher than the record earnings for the same period last year, the announcement said. The83 words
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Article184 1977-10-29 5 Reuter TOKYO, Frl. After-tax profit at Hitachi fell slightly from 15.24 billion yen to 15.04 billion yen In the first half-year ended Sept 30, 1977. Sales, however, Increased about 14 per cent to 707.2 billion yen from 622.27 billion yen. The company declared an unchanged interimReuter - 184 words
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Article157 1977-10-29 5 Reuter TOKYO, Frl. Petro Canada's wholly-owned subsidiary, Petro Canada Exploration Co, has Invited Japan Oil Sands Co to Join an ollsand development project in Alberta, Canada, Industry sources said. Japan OH Sands, which is 65 per cent owned by the semi-official Japan Petroleum Development Corp,Reuter - 157 words
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Article119 1977-10-29 5 Reuter TOKYO, Frl. The planned yen bond flotation by New Zealand has been delayed for one or two weeks due to difficulty in reaching agreement on the terms, informed securities sources said. Terms had been expected to be fixed on Wednesday and the Issue toReuter - 119 words
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245 1977-10-29 5 NORTH AMERICAN COMPANIES Reuter ON A 15 per cent sales Increase, Caterpillar Tractor managed to lift net earnings by about 10 per cent to US$ll6 million or $1.34 a share ($1.30 diluted) for the third quarter this year. Net earnings for the 1976 quarterReuter - 245 words
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Article190 1977-10-29 5 TEXTRON Inc said Its 32 per cent third quarter gain In Income on a 9 per cent sales rise was attributable to Improved operating performance and a 1976 increase in the federal Income tax provision relating to changes for domestic international sales corporations. That adjustment,190 words
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Article58 1977-10-29 5 INTERNATIONAL TeleShone and Telegraph said outh Korea has signed a letter of Intent selecting Its Metaconta telecommunications equipment for a US$5OO million switching expansion. ITT said talks are underway to finalise the letter of Intent Into a firm contract. The letter of intent includes the transfer of58 words
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Article680 1977-10-29 5 NYT NEW YORK, Frl. There appears to be some hope yet for owners of 3.5 million shares of common and preferred stock of Schenley Industries who have tried since May 1971 to get more for their shares than they were offered when the company wasNYT - 680 words
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Article330 1977-10-29 5 UPI FORD MOTOR reported steep increases in net earnings and sales for the third quarter and first nine months this vear. Third quarter net eamilnes Jumped to US$267 million or $2.25 a share on sales of $8.8 billion from $42 million or 36 cents a shareUPI - 330 words
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Article353 1977-10-29 5 Reuter TEXACO Inc. toda* reported a 15.6 per cent gain In net earnings for the third quarter on a 6.6 per cent rise In revenues. Texaco's earnings totalled U*****.9 million (91 cents a share), up from $214.3 million (78 cents) in the year-ago period. Revenues wereReuter - 353 words
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Article158 1977-10-29 5 Reuter THE SECOND offshore lease sale In the Lower Cook Inlet drew a total of U*****,092,609 In bids with participants noting the absence of British Petroleum and Mobil Corp. The highest royalty bid was on Tract 130, with Texas Eastern's 63.***** per cent, and theReuter - 158 words
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Article65 1977-10-29 5 Reuter EGYPT and a consortium of three American oil companies have signed an agreement for oil exploration in the Western Desert. The official Middle Bast News Agency (kiena) said Conoco, Marathon and Pectlne OH have agreed to spend a minimum of U8520.5 million over-10 years toReuter - 65 words
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170 1977-10-29 5 EUROPEAN COMPANIES Reuter LONDON, Frl. Esso Petroleum, a wholly-owned subsidiary of Exxon Corp., made a pre-tax profit of £57.3 million for the first half-year ended June 30, 1977 up by about 10 per cent from £52.2 million previously. Sales advanced 14 per cent to £805.4Reuter - 170 words
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Article41 1977-10-29 5 Reuter FRANKFURT, Frl. Berliner Handels-und Frank furterbank will probably next week lead manage a 100 million mark Eurobond for the reintegration fund of the Council of Europe, Primary market sources said but could give no further details. ReuterReuter - 41 words
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Article30 1977-10-29 5 FRANKFURT, Frl. Svenska Taendstlcks AB plans to make a 60 million mark private placement to help finance its German operations, primary market sources said. They gave no further details.30 words
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Article24 1977-10-29 5 Reuter LONDON, Frl. The British government's broker supplies of the £900 10Vi per cent. Exchequer stock 1997 have run out, market sources said.Reuter - 24 words
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382 1977-10-29 5 Reuter LUXEMBOURG, Frl. The near standstill of new Issue activity in the dollar sector of the Eurobond market Is likely to continue through to early 1978 due to Interest rate uncertainty and downward pressure on the dollar. New Issue syndication managers and senior EurobondReuter - 382 words
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Article225 1977-10-29 5 Reuter LONDON, Frl. Manual workers at BOC International, whose two-week strike has caused extensive lay-offs in the UK shipbuilding and steel Industries, have decided to continue their action In support of a 30 per cent pay award, company sources said. A formula to obtain aReuter - 225 words
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Article105 1977-10-29 5 Reuter LONDON. Frl. British National Oil Corporation (Development) said drilling has begun on the first production well In the Thistle field in the North Sea. Subject to weather conditions. drilling or start-up problems, oil should begin flowing to permit offshore loading of the first tanker by the endReuter - 105 words
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Article100 1977-10-29 5 Reuter FRANKFURT, Frl. The German chemical sector will register a percentage earnings drop running Into double figures this year, the president of the Chemical Industry Association, Mr. Rolf Sammet, said. He told a meeting the strength of German and foreign competition means hardly and prices canReuter - 100 words
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Article63 1977-10-29 5 Reuter LONDON. Frl. Inchcape and Co and Crane Freuhauf said they agreed on an offer to be made by Inchcape for the whole of the Issued share capital of Crane, other than 1,074,500 ordinary shares which Inchcape have acquired or agreed to acquire. Terms are 27Reuter - 63 words
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Page 5 Advertisements
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Advertisement102 1977-10-29 5 HIGHLIGHTS OF OUR OCTOBER ISSUE: TRENDS Company Profits Key to World Recovery. Find out what deters the businessmen from investing in new capacity. Despite higher production costs Rollei is investing in America Why? SUPPLEMENT: UNITED KINGDOM Relevant and useful information for those exporting or intending to export to Great Britain102 words
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Article2363 1977-10-29 6 Gr't Gr'a Net 1*77 Company Last div Div y'ld P/$ Vol Day High Low Sale +or- c'vr COW) High Low SECTION ONE industrials 154 134 Ac ma 135 12.ON 1.8 8.8 6.3 204 165 Alcom 165 -5 10.0 0.5 6.0 26.6 1 105 165 116 58 Allied2,363 words
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Article1190 1977-10-29 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 lots of 1.000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "Sett." Bl« Board1,190 words
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Article1506 1977-10-29 6 BID and offer prices officially listed and business In and reported to the Kuala 'Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of one thousand units unless otherwise specified INDUSTRIALS AJtnamata (2.038 2 108). Al«wn <1 MB 1.708) (1) 1.631,506 words
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Article42 1977-10-29 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and otter prices and business done yester- day, with the number of op* tions traded shown in brackets. UOB (March 53.00) (0.128 0.255).42 words
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Article151 1977-10-29 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Maaager*' pric* for Oct 11) (Current Priew) The Commerce The Saving Fund 1.72 1.82 1.04 1.10 INCOME BOND 1.08 1.14 S pore Prog Fund Spore Security 0.81 0.87xd MARA BUMIPUTRA FUND Fund 1.59 188 (Manager*' price* far Oct 31) S pore Invest151 words
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Article162 1977-10-29 6 B O T 8 1/2% 1981 (100,000) (100%8 101S) B O T 7 5/8% 1984 (100.000) (978 97*S) L T C B J 1982 (100.000) (988 98 SS) Credit Lyonnals Floating 1983 (100.000) (9758 98'»S) DBS Converts 1/2% 1991 (100.000) (96H8 97*8) D B S 8 1/2% 1982162 words
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Article119 1977-10-29 6 Rep Spore D Mark 7% 1982 (100.000) 101 V*S) Rep Spore 6 1/2% 1983 (100.000) (1008 100HS) Rep Spore 7 3/4* 1987 (100,000) (99\8 100*48) 4 3/4% 1/5/79 (250.000) (100 058 100.20S) 5 1/4% 15/10/79 (250.000) (100.508 100.70S) 6 3/4% 15/6/80 (250,000) (104 70S) 5 3/4% 1/6/78-80 250,000)119 words
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Article, Illustration612 1977-10-29 7 TRADING conditions were mixed on the Stock Exchange of Singapore yesterday. Volume was low and •till confined to selected stocks on book-squaring account. In the majority of counters, there waa a singular lack of ranee and direction. Aa market observers saw it, thia waa typical of the market612 words
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Article401 1977-10-29 7 TRADING conditions were a shade steadier but quieter on the Kuala Lumpur Stock Exchange yesterday ahead of the budget announcements in the Tate afternoon. With the general anticipation that the budget will be a good one, sentiment remained buoyant and prices were sought at slightly higher levels401 words
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INTERNATIONAL STOCK MARKETS
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Article323 1977-10-29 7 HONGKONG: Share prices closed slightly firmer on Increased buying interest in active trading on Friday, dealers said. The Hanc Seng Index roee 0.87 point to 415.81. Jardine MitWm roee 10 to 13.30 and Hatckisea 2.50 cenU to 3.00, while Heagkaag Laad fell five cents to 8.70 and Hsagkea€ Beak,323 words
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Article502 1977-10-29 7 TOKYO: Share prices fell sharply on Friday on the further appreciation of the yen, dealers said. The Dow Jones average fell 51.14 to close at 5,069.3$ with volume 230 million shares. The New Index closed at 378.22, down 3 13 Export-oriented electrlcals, motors and precision Instruments led the fall,502 words
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Article415 1977-10-29 7 SYDNEY: Banks and retailers were generally firmer while mines closed mixed on Friday, dealers ssdd. The Sydney All-Ordinaries index roae 0.08 point to 453.65. Among banks, the NSW roae 10 to 5.50 on ita profit Increase, while AGC was steady and National lost four to 2.88. Retailers Calas and415 words
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Article156 1977-10-29 7 MANILA: The market closed mixed on Friday with oils and minings advancing and commercials declining, dealers said. Turnover fell to 7.87 million pesos from Thursday's 8.16 million. Atlu rose three points and other mining issues closed slightly higher, while leading oils posted moderate gains. In commercials, San Miguel lost156 words
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Article124 1977-10-29 7 Oct a Bate Asia Fibre Bangkok Bank Bangkok Invest Bangkok Metropolitan Bank Bala Berll Jucker CharoongThal Wire Duslt Thanl First Trust General Finance Indo-Thal Industrial Finance Corp J and J Ho Jalaprathan Cement Kamasuta LeeKwangMln Metal Box NewCltjr Rama Towers Raja Finance Safety Insurance Saha Union SermSuk 81am Cement124 words
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Article298 1977-10-29 7 AMSTERDAM. The market closed mixed on Thursday dealers said. Dutch Internationals were on balance slightly higher although Akaa and Heegeveas both fell 0.20 guilders. Elsewhere, Insurance and most banks firmed. Shippings fell, while KLM was 1.30 higher ahead of Its announcement of higher second-quarter proflta. Trading and industrial stocks298 words
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Article184 1977-10-29 7 BRUSSELS: Belgian shares were mixed In slack trading on Thursday, market sources said. Among shares to gain were Sofina, Cobepa, EbctnM, Vieille Montague. Socftn, and UCB. FN, which said it will be able to pay an increased dividend for the year ending June 30, rose slightly. Lambert, Clabecq, HainautSambre184 words
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Article263 1977-10-29 7 FRANKFURT: The market firmed on buying Interest by domestic institutional investors on Thursday, dealers said. Bayerische Vereiasbaak led the banking sector up to 1.80 marks higher while chemicals were steady. BMW gained 5.50 marks, while Sieaießs and Manatnuu were around three marks firmer and VW advanced 1.80 marks. Public263 words
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Article136 1977-10-29 7 MILAN: Stocks firmed slightly In moderate trading on Thursday, bourse sources said. Most industrial and financial leaders were higher, although General* Immobiliare eased. ItaUider gained but Ftaaidar fell. Both Olivattis and both Pirellis strengthened and Fiat also firmed. OCT V Lire Ante 170 +0.5 Assoc Qen ***** 140 Bastofl136 words
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Article334 1977-10-29 7 PARIS: Shares were generally firm in fairly lively trading on Thursday due to Increased foreign purchases and the higher Wall Street trend, bourse sources said. Pari baa was barely changed after announcing strady firsthalf earnings. In higher constructions, Bouyguea gained 14.10 francs but steels were weaker with Creuaot-Loire losing334 words
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Article347 1977-10-29 7 ZURICH: The market generally firmed on Thursday Influenced by recent strong recovery on Wall Street, although buying Interest was very selective, dealers said. Swissair was traded ex-rights for its new option loan, while In very steady leading banks LEU participation certificates were officially listed for the first time. In347 words
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Article409 1977-10-29 7 JOHANNESBURG: The stock exchange was easier on Thursday ahead of President darter's policy speech on 8. Africa In the night, dealers said. Oold shares were also affected by the lower bullion price, they said, noting losses in the sector ranged from five to 250 cents Financial minings followed producers409 words
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Article301 1977-10-29 7 TORONTO: Prices ended mixed after seesawing throughout the session on Tuesday. The market opened stronger, weakened at noon, gained momentum In mid-afternoon trading and finished with the composite Index off a fraction and advances leading declines "214 to 199. In active trading, the main feature was a 27 V,301 words
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Article1147 1977-10-29 7 NEW YORK: The stock market managed to add another gain on Thursday on top of Wednesday's sharp and broadlybased rally, but fresh uncertainty about the Administration's economic policies narrowed the advance In active trading. The retreat came after President Carter told an afternoon news conference he plans to1,147 words
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Article61 1977-10-29 7 FINANCIAL TIME8 INDUSTRIALS Thursday 511.6 Wednesday 513.0 Week Ago 518.9 DOW JONES AVERAGE INDUSTRIALS Thursday 818.61 Wednesday 813.41 Week Ago 814.80 LONDON DOLLAR PREMIUM Thursday 94 to 94* Wednesday 94 to 95 H.K. HANG SENG Thursday 414.64 Wednesday 414.18 Week Ago 418.17 SYDNEY INDUSTRIALS Thursday 387.79 Wednesday 387.38 Week61 words
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Advertisement216 1977-10-29 7 ROPE and UK/IRELAND lections and l mm 4| Mm ROYAL DUTCH AIRLINES G2, Mandarin Hotel Arcade 333 Orchard Road Singapore 9. Tel: *****1 Gl6, Kompleks Antarabangsa, Jalan Sultan Ismail Kuala Lumpur. West Malaysia. Tel: *****1 F7, Park Hotel Building P.O. Box 1060 Miri. Sarawak. East Malaysia. Tel: 4345 General SaJes216 words
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COMMODITY REPORTS AND PRICES
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Article412 1977-10-29 8 .THE Singapore rubber market yesterday opened fractionally higher following slightly steadier London advices, then rose further on speculative buying and short-covering interest. Sellers later pared the gains slightly. Forwards, especially Jan/ Mch 1078 were In good demand. Turnover was fair. The morning session closed quietly412 words
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Article30 1977-10-29 8 Rubber: Oct 28 Singapore: November 208.00 cents (up 0.75 cent) Malaysia: November 210.00 cents (up one cent) Tin: SI.BBO (down SIS) Official offering: 208 tonne* (down 19 tonnes)30 words
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Article341 1977-10-29 8 R A S prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R 8.3 prompt f o b. Int. 1 R S S Nov 207.00 208 00N 207.25 208 2SN 207.75 208 25 208 00 208 50 Int IR341 words
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Article113 1977-10-29 8 9li MOON 88R and 8MR prices yesterday: J It E.A.8. Novsatxr (Currant Mtk) Deceabar (Forward Mtk) Buyer* Ssllers Buyeri I Sellers C(esatapsrhg) (es»i tsp*rk|) "U fill 38 P. 20 (1-ton pallet) 202.00 204.00N 203 00 205.OON —ff SSRSO M T (1-ton pallet) 199 50 201.50N 200 50113 words
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Article444 1977-10-29 8 DEALERS at the Singapore Chinese Produce Exchange yesterday were unwilling to make fresh commitments In the light of the -uncertainty over the US dollar. Prices held steady with little change in supplies of the commodities. Arrivals were not forthcoming from overseas sellers such as Indonesia, Sarawak and the444 words
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Article167 1977-10-29 8 LONDON, Frl. Terminal cocoa opened £15 up from last night in near Dec while other positions ranged lower by £2 to £22.50. The higher US DA cocoa bean forecast for the 1077/78 season at i.47 million tonnes Is generally being treated with caution, and the long-term outlook for cocoa167 words
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Article312 1977-10-29 8 HONGKONG, Fri. Cotton futures fell to new lows on trade house selling, offset by limited buying and scattered short-covering from commission houses, dealers said. March, May and July were traded at record lows of U548.99, 49.20 and 49.85 cents respectively. Active day trades and staddle transactions between March312 words
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Article209 1977-10-29 8 BANGKOK, Frl. Indicative prices for rice quoted were: (US dollars per tonne fob basis Bangkok): White Rice: 100 pet Ist class 308, 100 pet 2nd 294, 100 pet 3rd 288, 5 pet 279, 10 pet 260. 15 pet 257. 20 pet 254, 25 pet 247. 35 pet unq. Broken:209 words
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Article72 1977-10-29 8 C.I.F. Rotterdam. US dollars per ton LONDON: Thursday Previous Malaysia 5% f fa bulk December urvch 425 sir Sumatra 5% ffa Oct unch 495 sir Nov 450 sir 445 sir Dec 427 SO sir 425/422 v, pd Jan 425 sir 422 V417V* pd Feb 425 sir 419/417* pd72 words
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Article172 1977-10-29 8 THE Straits tin price in Penang yesterday was down Msls to $1,880 on an official offering down 19 tonnes to 208 tonnes. In LONDON yesterday, tin during the morning rose by £17 per tonne for cash and £25 for Three Months while high grade was up £100 and172 words
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Article171 1977-10-29 8 LONDON, Frl. Terminal sugar opened £1.05 to £0.70 up from Thursday night, little changed from kerb levels. Both the London dally price for raws and whites were £1 higher at £101 and £108 per tonne respectively. Sugar futures finished the morning down from the session's highs, but still showing171 words
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Article181 1977-10-29 8 LONDON, Frl. Coffee opened£s7 to £28 higher on turnover of 724 lots. The official tone was "irregular." A trade house bought January and sold March In fair quantities at the opening this morning. A moderate number of commission house stoploss orders were touched off on the early rise. Coffee181 words
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Article143 1977-10-29 8 CHICAGO, Frl. Soybean futures were unable to hold early gains of as much as USS cents yesterday and closed at the day's lows, with losses of seven to 21/4 cents a bushel. After fluctuating in a narrow range to either side of Wednesday's close, prices firmed on speculative buying143 words
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Article107 1977-10-29 8 CHICAGO, Frl. Wheat futures retained some of their earlier gains to close US2 cents to 1 1/2 cents a bushel higher yesterday. The overnight sale of US wheat to Brazil and firmness In Gulf and domestic basis levels supported the market. Heavy buying by an exporter here and In107 words
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419 1977-10-29 8 MARKETS have fluctuated narrowly around the 209cent mark. November RSS One for the most part, finished some two cents down on the previous week. Although the undertone was hesitant throughout, turnover was fair, whilst operators attempted to assess the current situation, said Holiday, Cutler and419 words
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Article338 1977-10-29 8 LONDON, Frl. Copper wire bars finished the ring with losses of £4.00 per tonne for cash and £3.50 for Three Months. Dealers said early selling on the premarket reflected the overnight trend at New York and expectations of a further increase this week in warehouse stocks which already stand338 words
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Article178 1977-10-29 8 LONDON, Frl. Silver rose 0.8 to 0.6 pence per troy ounce. The market was quiet with short-covering, prorrpted by the steadier trend in gold, giving early support on the pre-market up to 275.0 pence for Three Months. Values were shaded in the ring under light profittaking, but steadied at178 words
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Article373 1977-10-29 8 FOLLOWING the lower closing in the New York market on Thursday night, the kllobar market In Singapore yesterday opened at 8812,482, down 8890.00 on the previous closing. However, due to shortcovering activities in Hongkong, the kllobar was bldded up to close at a high of 8812,535. In the London373 words
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Article60 1977-10-29 8 LONDON, Fri. Lead was 12 per tonne up all round at the end of morning ring dealings. Market sources said values Initially dipped during early morning dealings following lower copper and Three Months traded at 1'355 per tonne. However, light trade buying found sellers rather reserved and the market60 words
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Article59 1977-10-29 8 LONDON, Frl. Zinc was C 2.50 up for cash and £2 higher for Three Months. Dealers said zinc was well maintained throughout pre -market and ring dealings, with Three Months trading from £291 up to 1292.50. On Thursday, zinc on the day fell by mostly £3.00 per tonne. Three59 words
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MONEY AND EXCHANGES
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Article426 1977-10-29 8 THE US dollar held Its ground yesterday in Singapore's foreign exchange market following news that the US' September trade deficit was only US$l.7 billion compared to more than US$2 billion the previous month. Against the Japanese yen, the dollar opened at 250.55/65 and stayed there the whole morning. With426 words
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Article30 1977-10-29 8 acbc hsbc Bank of AimHci 7 Bank of Chin* Malayan Banking Bank Negara OCBC rtim T Chartered Bank Chase Manhattan DBS I'CB 7 UMBC 7 UOB 730 words
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Article147 1977-10-29 8 Asian rates ASIAN currency deposit interbank rates as at close on Oct 26 US Dollars (Spot) Offer BM 7 days 1 mth 2 mths 3 mths 8 mths 9 mths 12 mths 6 9/16 .611/16 .7 .71/6 .73/6 .71/2 .79/16 67/16 69/16 67/V 7 71/4 7 3/8 77/16 1 mth147 words
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Article48 1977-10-29 8 RANGE of prices offered by diacount houses on Oct 2B. Overnight 2% to 3*H Call deposit 3* to 3*% (Mm Buying 3-Month Treasury Mils 3 3/16 3-Month Bank bills 4 13/16 3-Month CD 53/B •-Month CD 515/1# Selling 31/18 411/16 Sl/4 53/4 Source: National Discount Co Ltd48 words
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Article130 1977-10-29 8 Euro rates LONDON, Frl. The Eurodollar deposit market was quiet at the outset, dealers said. Sentiment was unaffected by the modest fall in the weekly U8 narrowly defined money supply, dealers added. The Two Month rate eased by 1/8 to 7 1/16 6 15/10 on the loss of a Friday130 words
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Article66 1977-10-29 8 RESULTS of tender held on Oct 28 for 91-day and 364-day Bills. 91-day bills 364-day bills to be Issued to be issued from Oct 31 on Nov 1 to Nov 4 Offered: $20,000,000 910,000,000 Applied for: 936,090,000 924,000,000 Allotted 930,909,000 910,000,000 Accepted Bids: 999.39 approximately 97%. hlfher66 words
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Article184 1977-10-29 8 LONDON. Frl. The dollar opened slightly easier on closing levels in very subdued business, dealers said. The dollar was buoyed yesterday by news of a US$l.72 billion September trade deficit, below the August shortfall, and of higher productivity in the third quarter. In other activity, the Canadian dollar strengthened184 words
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Article179 1977-10-29 8 NEW YORK, Frl. The dollar closed with gains against major European currencies yesterday, despite losing some ground In quiet afternoon trading, dealers said. The US currency earlier scored sharp gains on news of a US$l.72 billion US trade deficit in September, lower than most operators had expected. However,179 words
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Article126 1977-10-29 8 TOKYO, Frl. The dollar for overnight delivery closed at 250.65 yen, up from 249.80 at the opening, but slightly below the 250.85 at yesterday's close, dealers said. The Bank of Japan bought an estimated US$3O to $45 million In early trading to stem the dollar's fall, but no Intervention126 words
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Article88 1977-10-29 8 HONGKONG, Frl. The US dollar rose sharply in fairly active trading to 250.45/60 yen from its 249.68 New York mid-point closing equivalent after opening only slightly higher at 249.75/85, dealers said. Despite local money being very tight, the US dollar firmed to HK54.6970/90 from 4.6955/65 yesterday, they added. Banknote88 words
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Article49 1977-10-29 8 ZURICH exchanges closing quotes on Oct 27. UK 3 0602-0825 Can 2 0185-0108 W Germ 08.81-00 Neth 92.20-37 France 48.26-30 Belg 8 35-1/2 36-1/4 Denm 36.61-83 Norw 40.06-08 Swed 46 84-88 Italy 0 2547-2540 Austria 13.87-1/4 88-1/2 Port 5.50-53 Spain 2 66-68-3/4 Arg 0 44-54 Japan 0 8048-805049 words
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Article49 1977-10-29 8 AUSTRALIA/NZ exchanges quoted on Oct 28 AUSTRALIA: starting 0 6368/0 6280 US dollar 1 1236/1.1206 Ninety-day air mall buying rataa: Sterling 0.6416 US dollars 1.1537 Ninety-day forward buying rataa: Sterling 0 6281 US down 1.1112 NEW ZEALAND Starting 0.5667/0.5686 U8 dour 0 0010/0 0810 Ninety forward rate: 1.818049 words
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Article37 1977-10-29 8 FRANKFURT exchanges opening quotes on Oct 28 US 2 2662/72 Can 2.8408/38 UK 4.023/21 Neth 03 28/36 SwtU 101 15/25 Italy 2.572/570 France 46 68/70 Norw 41.35/45 Belg com 6.415/425 Belg fin 6.430/435 Japan 0 0047/5737 words
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Article301 1977-10-29 8 Eurobond price* quoted on Oct. 28 Straight! Bid Offer Nippon Fud Bank 7% 82 07% 08". DSM (Holland) 8 87 08 V. 00 BNDE(Braxll)0% 84 08 08 V. Sweden 7 82 074k 084k Sweden 8 v. 87 074k 084k Walter Kidde 8% 85 88 v, 00 Peine* 8 82301 words
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Page 8 Advertisements
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Advertisement411 1977-10-29 8 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. Bellow411 words
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756 1977-10-29 9 CONCORDE Washington Star WASHINGTON, Frl. The possibility of foreign retaliation against US-bullt aircraft was a factor considered In reaching the recent government decision to allow the British-French Concorde to operate Into the United States. Linda Heller Kamm, feneral counsel of the ransportation Department, saidWashington Star - 756 words
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Article198 1977-10-29 9 Reuter MANILA, Frl. A government corporation Is to take over control of the country's flag carrier, Philippines Airlines, whose present private management has come under public criticism. Government sources said this was agreed In discussions yesterday between the airlines' president, Mr Benlgno Toda, head ofReuter - 198 words
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194 1977-10-29 9 AFP TOKYO, Frl. Japan Air Lines (JAL) will lower the recular prices of Its Japanoriginated flights bj four Kr cent to meet the rise in e value of the Japanese yen, JAL president Shlzuo Asado announced. JAL will apply toAFP - 194 words
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Article163 1977-10-29 9 Reuter OSLO, Frl. Several Scandinavian companies plan to establish a chartering pool which at best could Improve the depressed tanker market considerably, a spokesman of the Intertanko secretariat said here. He said Scandinavian companies and shipping companies from other countries expressed interest in coordinating charteringReuter - 163 words
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Article27 1977-10-29 9 LUXEMBOURG, Frl. Common Market transport ministers yesterday agreed to set up an lnter-govern-mental committee to study West German proposals to prevent and deal with hijacking.27 words
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Article, Illustration277 1977-10-29 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry Vllja (B. Barge) (1700 after Vlshva Slddhl) 42/43 Glenlycn (0600) 8/9 Oolden Glory (0600) 38/30 Kuslnlca (1830 hauls for D/L on completion of UTM/L) 35/36 Lumut (0600) 2S Muehllhausen (DEVX) (1700) 47 Solar Peak (2100) 13/14 Sunny Aurora (H3UK) (2000 tide) 19277 words
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390 1977-10-29 9 UPI WASHINGTON, Frl. The Civil Aeronautics Board sent President Carter Its recommendations yesterday for trans-Atlantic air routes opening 11 new US cities to Europe and adding Delta and Northwest Airlines to the trans-Atlantic The new cities which would get non-stop passenger air serviceUPI - 390 words
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192 1977-10-29 9 AFP LONDON, Frl. Burst of activity by the Soviet chartering agency, Glenas, on the freight market, involving perhaps as much as 750,000 tons of shipping, has caused a good deal of excitement among shipbrokers In the past few days. In all, it was beingAFP - 192 words
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Article145 1977-10-29 9 AP WASHINGTON, Frl. Uncertain about congressional action on Its request for extra money, the government sponsored railroad passenger service. Amtrsik, Is going ahead with plans to severely cut rail passenger service in the northeast corridor between Washington and Boston. Most of the 22 trains AmtrakAP - 145 words
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Article104 1977-10-29 9 Reuter MOSCOW, Ftl. A new 200 km per hour Soviet train will carry Its first passengers on a run between Moscow and Leningrad next week, the Railway Ministry said yesterday. A spokesman said the electric "Super-Express" ER-200, built In Riga, the Latvian capital, would probably enter regularReuter - 104 words
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Article241 1977-10-29 9 VEB Deutfracht/Seereederel Lines (DSR), Incorporated in East Germany, has been offering a substantial and effective service both In scheduled liner traffic and in tramp, specialised cargo and tank shipping for more than 20 years. Currently, it maintains 22 regular liner services to four continents. Last July, DSR put241 words
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Article608 1977-10-29 9 ARRIVALS Service Lt teal Operator Number Time rroni CAL CI333 0040 TPE/HKQ/KUL CPA CX003 0145 HKO MAS MH082 0810 KCH CPA CX7I0 1000 HLP CAL CI814 1000 HLP QIA GA900 1000 HLP SIA SQ103 1015 KUL OIA OA 980 1030 HLP THAI TQ423 1035 BKK SIA SQ211608 words
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Article190 1977-10-29 9 AP LONDON, Frl. Shipowners' prospects yesterday appeared to brighten in the North Atlantic grain trades where an upsurge of chartering lifted US GulfHolland grain rates for large bulk carriers. A particularly good payment was the US$5.5O (FIO) achieved by the "E.W. Bgtatty" for a 70,000-ton midNovember grainAP - 190 words
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Advertisement195 1977-10-29 9 Give us a man fora monthwell give him a language for life Mngua now the largest group of language schools in the world offers a range of intensive language courses specifically designed for the busy executives whose work and position require them to attain a high degree of proficiency in195 words
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1155 1977-10-29 10 THOMAS MULLANEY - By THOMAS MULLANEY NYT NEW YORK: Slowly but apparently surely, progress Is being made In the effort to Internationalise capital flows through the Investment markets. Unlike banking, commerce or trade, where the world has been one big and largely accessible arena for some time, the securitiesNYT - 1,155 words
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Article, Illustration913 1977-10-29 10 FOX BUTTERFIELD - UNITY AMONG LEADERS STILL ELUSIVE By FOX BUTTERFIELD NYT HONGKONG: The decision to convene China's National People's Congress, the nominal legislature, next spring, after previous indications that it would meet this autumn, suggests that unity Is still elusive for the small group of men who ruleNYT - 913 words
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Article, Illustration900 1977-10-29 10 HENRY BRADSHER - By HENRY BRADSHER Washington Star WASHINGTON: A subtly expressed but powerful message came through clearly during the visit of the Saudi Arabian Foreign Minister, Prince Saud AlFalsal. US pressure on Israel to soften its stand on Middle Eastern peace negotiationsWashington Star - 900 words
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Article, Illustration1159 1977-10-29 10 BERND DEBUSMANN - By BERND DEBUSMANN Reuter BEIRUT: The armed lefti wing extremists of the jet age have established an intricate network of international contacts no police force has been able to penetrate. Both the two latest hijackings of a Japanese and a West German airliner had Beirut connections.Reuter - 1,159 words
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Page 10 Advertisements
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Advertisement165 1977-10-29 10 COLLEQTINQ Oriental Antiomej M J by Judith Moorhouse and Dries Blitz mk Hamlyn Group, 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 the average collector. This myth Is165 words
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376 1977-10-29 11 Reuter TOKYO, Frl. -The burgeoning Japanese motor Industry today demonstrated its strength at the opening of its major showcase, the Tokyo motor show. With some 730 glittering cars on display, together with dozens of trucks, service vehicles and motorcycles, organisers claim theReuter - 376 words
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Article135 1977-10-29 11 TOKYO, Fri. The Japanese Transport Ministry ruled out the possibility of boosting aircraft imports as a way of reducing the country's trade surplus. Ministry officials said a survey of the three Japanese airlines had shown they had already fixed plans to buy 51 foreignbuilt planes135 words
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Article110 1977-10-29 11 Reuter TOKYO, Fri. The Japanese September visible trade surplus was revised to US$l.69 billion (554.05 billion) from the preliminary $1.7 billion announced earlier this month, the Finance Ministry said. Fob exports rose 11.6 per cent above September last year to $6.69 billion while Fob Imports rose 3.4 perReuter - 110 words
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257 1977-10-29 11 TELOK Blangah constituency has an additional 10,000 lines with the commissioning of $3.5 million worth of new equipment at the Telok Blangah Telephone exchange yesterday morning. This brings the number of lines to 30,000 and the number of telephone exchanges in Singapore with IDD257 words
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Article165 1977-10-29 11 THE new general manager of the Bank of Tokyo (BoT) Singapore branch is Mr Yukio Takigawa and not Mr Yoshlnosuke Suglmoto as previously reported. Mr Suglmoto, formerly the general manager of the international division operations centre of the BoT head office In Tokyo, is165 words
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Article, Illustration453 1977-10-29 11 TERESA LIM - ANRO SERVICE INAUGURATED By TERESA LIM THE PORT of Singapore Authority's new roll-on/ roll-off berth passed Its first test with flying colours yesterday when the Anro Australia discharged Its cargo here. The new ro-ro berth Inaugurates the first regular large scale service of this453 words
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694 1977-10-29 11 AFP KUALA LUMPUR, Frl. Malaysia rubber output in 1978 is expected to Increase by 6 per cent over this year's production to reach 1.85 million tonnes or about 47 per cent of the total world production of natural rubber. The export of theAFP - 694 words
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146 1977-10-29 11 Reuter MANILA, Frl. Philippines Secretary of Trade Troadio Qulazon today formally launched the promotion of an Asean trade fair to be held In Manila next May. He said the fair hoped to attract buyers from the European Economic Community, the US, Australia and NewReuter - 146 words
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224 1977-10-29 11 Reuter KUALA LUMPUR, Fri. The Asean Insurance industry has the resources and potential capacity to absorb increasing amounts of insurance and reinsurance business generated in the South-east Asian region, Malaysian Deputy Finance Minister Rafldah Aziz said. But she told an insurance seminar here the expansionReuter - 224 words
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Article110 1977-10-29 11 THE new Kodak Ektachrome films will be available In Singapore next week. These films are designed for the new Process E-6 which provides faster processing and greater process stability than before. The three new films are for colour slides and feature their ASA speed as part of110 words
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Article43 1977-10-29 11 STUDENTS from the Industrial Training Board, the Rollel, Tata, and Philips Government Training Centres, have been invited to Machine Asia, the first Southeast Asian production and engineering equipment show to be held here on Nov 7-11, at the Singapore Hyatt Hotel.43 words
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521 1977-10-29 11 Reuter CANTON, Frl. With the Canton trade (air at the half-way point, Western businessmen here confess they are confused about the results. Some have left ecstatic about the deals they made, but many others are still waiting for Interviews with Chinese officials whileReuter - 521 words
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Article64 1977-10-29 11 THE SINGAPORE Polytechnic yesterday announced that effective from the current 1977/78 session, holders of the Singapore Polytechnic Diploma In Chemical Process Technology with Polymer Technology as their final year subject will be exempted from the Llcentlateshlp of the Plastics and Rubber Institute. UK, (LPRI). In64 words
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309 1977-10-29 11 AFP BANGKOK, Frl. The significant role played by the private sector In Investment and production in most developing countries of Asia and the Pacific region was given due recognition at a meeting in Bangkok this week. J.B.P. Maramls, executive secretary of the Economic and SocialAFP - 309 words
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Article76 1977-10-29 11 A WORKING committee, formed by the Metrication Board, is helping the real estate industry to go metric. The committee has worked out a programme for the Industry to use only metric units In advertising. sales brochures. valuation and sales. Among the first to lead the Industry Into76 words
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Article1044 1977-10-29 11 LETTER TO THE EDITOR Dear Sir, Your writer has In the past few days highly overrated the shares offered to the public by Sin Chew Jit Poh (Singapore). One of the main points made by him Is the low P/E ratio of Sin Chew1,044 words
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Advertisement407 1977-10-29 11 APPOINTMENTS ADMINISTRATION AND FINANCE HONGKONG ASSISTANT TO CHIEF EXECUTIVE About HK$lOO,OOO p.a.+Allowances THE CHIEF EXECUTIVE of a well-known company in the telecommunications and computer field is seeking an Executive Assistant to act directly on his behalf on certain well-defined corporate matters. THE EXECUTIVE ASSISTANT will be based in Hong Kong407 words
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405 1977-10-29 12 THE US dollar crashed to an all-time low yesterday against the Japanese yen on Tokyo's foreign exchange market when it broke through the 250-mark. It rallied from the opening of 249.80 yen In the morning to close the day at 250.65 In Tokyo,405 words
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Article, Illustration890 1977-10-29 12 SINGAPORE AS A FINANCIAL CENTRE PROMINENT local banker, Dr. Tony Tan, yesterday urged the Government to relax tax restrictions and eventually scrap all foreign exchange controls to speed up Singapore's progress as a financial centre. Dr. Tan, chairman of the Association of Banks890 words
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Article751 1977-10-29 12 LONDON. Frl. Government bonds were as much'as a 1/2 point lower with operators apparently apprehensive about the possibility of a new "tap" announcement this afternoon, dealers said. Prices were also pushed down by profittaklng as some operators seemed to have overbought yesterday, they added. Trading was very quiet751 words
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Article, Illustration1085 1977-10-29 12 SOH TIANG KING - By SOH TIANG KING THE government wants to avoid creating a tax haven In Singapore. This was made clear yesterday by Mrs. Elizabeth Sam, chief manager of the Monetary Authority of Singapore, when she addressed 70 senior bankers and economists at the 'Banking and Finance1,085 words
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Article552 1977-10-29 12 TOP US banker, Mr. J.O. Sims yesterday called for the establishment of an Asean Development Bank to help regional development. He said: "Asean capital requirements are great enough for consideration of an Asean Development Bank. International banks could be of great assistance to the552 words
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245 1977-10-29 12 MANILA, Frl. Philippine Industry Secretary Vicente Paterno has stressed the need for clear directions in long-term relations between Asean and Australia. "Less than this would allow current problems to cloud our perception of the present status of this relationship and what it may yet become." Mr.245 words
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548 1977-10-29 12 INVITATIONAL telexes were dispatched yesterday for underwriters in a US$lO million convertible bond issue for a Japanese company, the Hokushln Electric Works Ltd. This is the second foreign currency convertible bond issue to be floated in the Asian dollar market, the first being a US$2O548 words
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Article60 1977-10-29 12 Reuter HONGKONG, Fri. Hongkong's visible trade surplus narrowed to HK$63 million (Ss27 million) in September, from a $398 million surplus in August and a $103 million surplus In September 1976, provisional Census and Statistics Department figures show. September domestic exports plus re-exports fell to $3.81 billion fromReuter - 60 words
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Advertisement231 1977-10-29 12 nLi 1 s N x .1 v' *k£ti >•# YOU 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 to231 words
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