The Business Times, 20 May 1977
1977-05-20
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The Business Times
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Title Section9 1977-05-20 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, MAY 20, 1977 50CENTS9 words
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NEWS IN BRIEF
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Article63 1977-05-20 1 KUALA LUMPUR, Thurs. Director general of Federal Industrial Development Authority (Fida), Encik Mohamed Zaln Majld, said today that Malaysia should continue to be open to foreign investment to meet her social and economic objectives. He said under the Third Malaysia Plan, some Ms 3 billion of the63 words
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Article74 1977-05-20 1 AP LONDON. Thurs. Ugandan President Idi Amin will not be allowed into Britain to attend the Commonwealth conference in June, government sources said today. The mercurial Ugandan leader, accused of mass murder and other atrocities in his east African nation, has said repeatedly he plans to comeAP - 74 words
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Article53 1977-05-20 1 Reuter TOKYO. Thurs. The Federation of Securities Dealers Association may propose soon the introduction of option trading on Japanese stock exchanges following a visit to the US and Canada, a federation spokesman said. The mission said option trading in tne US has increased stock turnovers and softenedReuter - 53 words
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Article50 1977-05-20 1 AP MOSCOW, Thurs. Prospects brightened today for a Japanese-Soviet agreement on a new fishing accord, Japanese sources said. 4 'wfr hope we will complete the basic negotiations today," a Japanese Embassy spokesman said. If this is possible, he said, the new pact could be initialled tomorrow. APAP - 50 words
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Article55 1977-05-20 1 KUALA LUMPUR, Thurs. Petronas is drawing up a master plan for the development of the petroleum, petrochemical and related industries. Its acting managing director, Encik Rastam Hadi, said today the plan, which was in the final stages, will spell out the types of projects to be undertaken55 words
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Article61 1977-05-20 1 Reuter RIYADH, Thurs. The Arabian-American Oil Company (Aramco) said today that the fire at Its Abqaiq oilfield in Saudi Arabia last week caused losses estimated at some Ssloo million (***** million). Aramco vice-president George Larsen, in a press statement, said that committees had been formedReuter - 61 words
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Article96 1977-05-20 1 UPI NEW YORK, Thurs. Stocks edged lower early today in active trading of New York Stock Exchange issues amid profit-taking from gains of the previous four sessions. The Dow Jones industrial average, which gained 5.43 points yesterday, was off 0.76 point to 941.15 shortly before the first hourUPI - 96 words
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Chief Price Changes
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Article, Illustration187 1977-05-20 1 FAIRLY widespread trading was noted among the third liners at the Stock Exchange of Singapore yesterday. The trend was again irregular with some of the recent firm features losing out significantly. However, about a dozen issues/managed to finish significantly higher and this was reflected in the Business187 words
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Article105 1977-05-20 1 Rims Most active Dutch Baby 0.99 .13 Pacific Dev 376.000 M. Tobacco 5.35 M.U. Industries 1.52 OCBC #.75 .10 +.10 +.10 Central Securities 312,000 General Lumber 215,000 Haw Par 180,000 Carlsberg 3.66 DBS 3.76 Kempas 2.96 Paper Products 1.18 Pan Electric 1.90 Slme Darby 3.24 Falls Central105 words
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Article, Illustration1400 1977-05-20 1 QUEK PECK LIM - SHAREHOLDERS TOLD OF PLAN By QUEK PECK LIM HAW Par Brothers International yesterday unveiled a massive loss of nearly $50 million in 1976, $15 million higher than the year before. At the same time it also informed shareholders that It plans to wipe1,400 words
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465 1977-05-20 1 THE Economic Development Board has singled out two industries elec-trical-electronlcs and foodbeverage as having high growth potential and investment opportunities. The electrical and electronics industry, according to the EDB's Singapore Investment News, May issue, enjoyed a high growth of 49 per cent in output465 words
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Article451 1977-05-20 1 AP UPI GENEVA. Thurs. UN Secretary General Kurt Waklhelm expressed fears today of a "dramatic deterioration" In the Middle East and a possible new military conflict following the upset election victory In Israel of the right-wing Likud Party. Dr. Waldhelm also said he believes there is nowAP; UPI - 451 words
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190 1977-05-20 1 BRITISH Leyland, the UK car firm which is alleged to have paid huge international bribes to win overseas orders, is represented by the Wearne Brothers group in Singapore and Malaysia. With the exception of the Rover and Landrover series, the Wearne group handles the whole190 words
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Article66 1977-05-20 1 INTRACO has secured two contracts amounting to $14.8 million to supply cotton yarns to Vietnam, according to an Intraco The contracts were made with the Vietnam National Foundries Export and Import Corporation, a Vietnamese state-owned trading company, for the delivery of three types of cotton yarns. The66 words
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363 1977-05-20 1 THE Economic Development Board has requested Japan to help set up a Japan-Singapore technical training centre here. Should the scheme materialise, Singapore will send 20 Instructors to Japan for the initial training, said Mr. M. lijima, a director of the second technical363 words
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Article113 1977-05-20 1 HEARING on the appeal by Robinson's and the Portuguese Mission over the acquisition of the departmental store's fire devastated Raffles Place site began in the Court of Appeal yesterday. Both parties are claiming a total of $23.49 million compensation from the Government over the acquisition of113 words
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Article70 1977-05-20 1 LONDON, Thurs. Bowater is raising £32 million (Ssl3s million) by way of rights Issue of 19.86 million ordinary shares at 168 pence each. Bo water said the underwritten rights is on basis of one-for-seven ordinary and five ordinary for every £77 of seven per cent convertible unsecured loan70 words
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Page 1 Advertisements
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Advertisement75 1977-05-20 1 SEXTUS DE SUVA C*< Paster jeweller FOR FINE JEWELS DIAMONDS GEMS ►EXTUS OE SUVA 4 HYOE (PTE) LTC JEWELLERS OF DISTINCTION COLD STORAGE ARCADE 179, ORCHARD ROAD, SINGAPORE 9 TEL *****3 SEE PAGE 11 SEE BACK PAGE Overwu New*/TV ft Radio PI Overseas New«/ Feature P3 Local Co New* P475 words
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Advertisement100 1977-05-20 1 Copy large size originals on one sheet, size for size— no trimming, no sticking together. Xerox 3103 No matter what the originals. Up to 14" by 18" or 356 mm by 457 mm. Solids. Half tones. Or pale blue. The Xerox 3103 gives perfect reproductions. Every time. Size for size.100 words
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Advertisement3 1977-05-20 1 SEE BACK PAGE @^,-{/]'-,[]`{;),?&]~]^;<$|>].)3 words
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Advertisement246 1977-05-20 1 Sfiamrocfi Power Pocket Golf Clubs Wolf™ *27 Far £«st Shoopmg Centre M 5 Orchjro Rom Singacwe 9 T«i 370?38 Tew« RS ***** CiWe PirGott _.$'>&,/>>?/":$@^$[(~)><\-)<;*? Wayfoong MAF A lending bend when you need it most. i "If only I had the money.. John Tan, private businessman "If only he'd talk246 words
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OVERSEAS
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136 1977-05-20 2 Reuter STOCKHOLM, Thurs. The Swedish Employers' Confederation announced an 11-day lockout of 220,000 white-collar workers beginning at midnight on May 25. The announcement follows the breakdown of wage talks between the confederation and the Workers Union, the 400,000 member private salaried staffs' cartel,Reuter - 136 words
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117 1977-05-20 2 Reuter OTTAWA, Thurs. Canada and the United States concluded talks on mutual agriculture problems and agreed to cooperate In working for a new International wheat agreement. But after meeting with his Canadian counterpart Eugene Whelan, US Agriculture Secretary Bob Bergland said the USReuter - 117 words
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Article32 1977-05-20 2 Reuter ZURICH, Thurs. The board of Credit Suisse has appointed Mr. Rainer Gut as senior general manager. Mr. Gut has been a general manager of the bank since 1975. Reuter.Reuter - 32 words
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Article, Illustration717 1977-05-20 2 NYT JERUSALEM. Thurs. The Likud's emergence as Israel's major political party is causing concern at both the foreign and domestic levels. At the foreign level, there are those who feel that the Likud's long-enunciated hawkish posture against returning the West Bank ArabNYT - 717 words
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Article188 1977-05-20 2 AP BUENOS AIRES, Thurs. The US has taken note of Latin criticism of protectionist trends In US business circles to restrict the entry of foreign products into the American market, US spokesman said yesterday. "My country Is grateful for the observations made by the LatinAP - 188 words
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239 1977-05-20 2 AP PHILADELPHIA, Pennsylvania, Thurs. The US Coast Guard has stopped a Liberlan tanker from offloading crude oil at the Atlantic Richfield refinery and banned the ship from all American ports until 32 safety violations are rectified. In a statement released yesterday, the Coast OuardAP - 239 words
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Article181 1977-05-20 2 AP NEW YORK, Thurs. US stocks of crude oil reached new highs for the third straight week, according to the latest supply statistics released yesterday by the American Petroleum Institute. Crude Inventories for the week ending May 13 stood at 309.5 million barrels, comparedAP - 181 words
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144 1977-05-20 2 Reuter DAMASCUB, Thar*. Arab Chambers of Commerce, Industry sad Trade today recommended banning all dealings with foreign e•tsbli h m en t which refused to cooperate with the Arab boycott of Israel. At the end of their fourday conference here, the chambers reiterated theirReuter - 144 words
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Article95 1977-05-20 2 Reuter PARIS, Thurs. France's 1977 trade deficit should be around five billion francs (552.5 billion) corresponding to a cover rate of 98.0 per cent, against about 20 billion francs last year, the Paris Chamber of Trade and Industry said. The Oovernment has forecast a lower deficitReuter - 95 words
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Article66 1977-05-20 2 Reuter PARIS, Thurs. French Deputy Finance Minister Robert Boulln signed the contracts for the French government's new 8.8 per cent 15-year loan and Instructed the managing banks to give priority to small savers In placing the paper, the ministry said. Ministry sources said Mr. Boulln asked the banksReuter - 66 words
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Article38 1977-05-20 2 Reuter PARIS, Thurs. French unemployment rose to a fost-war record of .039,400, seasonally adjusted, In April from March's 1,002,500, the Labour Ministry said. On an unadjusted basis, unemployment fell to 999,900 from 1,020,800 in March. ReuterReuter - 38 words
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Article236 1977-05-20 2 Reuter LONDON. Thurs. Sterling M 3, the domestic component of British money supply broadly defined, rose by a little over two per cent In the month up to mldAprll, official sources said. This emerges from the 7 1/2 per cent growth In sterling M 3Reuter - 236 words
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311 1977-05-20 2 Reuter LONDON, Thurs. UK average earnings rose 1.9 per cent In March compared with 1.7 per cent a year earlier, provisional Employment Department figures show.. Following a rise of 0.2 per cent in February, revised from a provisional 0.1 per cent, seasonally adjusted MarchReuter - 311 words
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451 1977-05-20 2 Reuter SYDNEY, Thurs. Australians are watching their country's unllkellest political act bitter enemies Prime Minister Malcolm Fraser and Labour opposition leader Oough Whitlam campaigning In harness. The two leaders, whose ideologies normally are poles apart, are working hand-ln-hand to persuade voters to change theReuter - 451 words
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320 1977-05-20 2 UPI WASHINGTON, Thurs. Over 150 nations will try again to write a Law of the Sea treaty which the administration thinks must come soon and be comprehensive to avoid anarchy on and under the world's oceans. Exploitation and mining of seabedUPI - 320 words
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134 1977-05-20 2 Reuter CAIRO, Thurs. Sudan has cut its military ties with the Soviet Union and according to an official Sudanese source, has also ordered an unspecified number of Russian diplomats to leave the country. President Jaafar Numeiri told the Soviet Union that his government no longerReuter - 134 words
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148 1977-05-20 2 Reuter MILAN, Thurs. The Bank of Italy is likely to oppose any sharp downward movement in interest rates in spite of a decision by major Italian banks to cut deposit rates, banking sources said. The banks have agreed informally to cut maximum depositReuter - 148 words
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Article115 1977-05-20 2 Reuter ZURICH, Thurs. More Italian companies and banks may start borrowing on the Euromarket In the wake of Improved International confidence In Italy following IMF approval of the 450 million SDR credit, chief foreign manager of Istltuto Bancarlo San Paolo Di Torino, Mr Franco Mllani,Reuter - 115 words
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Article29 1977-05-20 2 BANGKOK, Thurs. Thailand will host a ministerial meeting to discuss labour problems among members of Asean from May 26 to 28, Interior Minister Samak SundaraveJ said yesterday.*29 words
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505 1977-05-20 3 Reuter COPENHAGEN, Thurs. The US is aiming to reach a position on its contribution to a world food security system by this autumn which should provide around one third of the supplies needed for a grains buffer-stock system, informed US government officials saidReuter - 505 words
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170 1977-05-20 3 Reuter RENO, (Nevada), Thurs. Governor Mike O' Callaghan today signed into a law a measure allowing Nevada gambling casinos to operate in other states and abroad. The law has renewed speculation that Metro-Goldwyn-Mayer, which owns the Grand Hotel Complex in Las Vegas and plansReuter - 170 words
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Article65 1977-05-20 3 Reuter OTTAWA, Thurs. Countries will not automatically get American food aid just because they are anti-communist, US Agriculture Secretary Bob Bergland said here yesterday. In a Canadian television interview, he said the United States does not want to use food as a weapon. But in lineReuter - 65 words
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411 1977-05-20 3 AP WASHINGTON, Thurs. The 1976-77 US farm trade balance will be the smallest In four years, mainly because high coffee prices helped push up the cost of imported agricultural goods by 30 per cent, the Agriculture Department said yesterday. Total agricultural imports are estimated atAP - 411 words
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347 1977-05-20 3 Reuter NEW YORK, Thurs. A government housing official today said future buyers of new homes may have to depend on a lottery system to purchase housing. Mr. Laurence Simons, Assistant Secretary of Housing and Urban Development, told a housing seminarReuter - 347 words
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228 1977-05-20 3 AP WASHINGTON, Thurs. A major US conaumera' croup sharply criticiaed Preaident Carter's proposals for energy Uses and urged petroleum rationing and mandatory fuel-saving standards instead. "The President has chosen the moat reactionary from of rationing for the American people high prices," Mr. Lee White,AP - 228 words
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98 1977-05-20 3 Reuter WASHINGTON, Thurs. President Carter met some of his top economic advisers to discuss legislation to make major reforms in present income tax law, the White House said. White House Press Secretary Jody Powell said Mr. Carter wants to send legislation to make taxesReuter - 98 words
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Article38 1977-05-20 3 AR BRASILIA (Brazil), Thurs. The Bank of Brazil and the Union Des Banques Suisses have bought a 49 per cent share of the Banque Internationale Pour L'Afrlque Occldentale, the government announced here yesterday. AP.AR - 38 words
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498 1977-05-20 3 Reuter NEW YORK. Thurs. The Carter Administration expects US Gross National Product growth will equal or exceed 6.5 per cent In the second quarter, Mr. Charles Schultze, chairman of the Council of Economic Advisers said. He said It would be unreasonable toReuter - 498 words
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138 1977-05-20 3 Reuter WASHINGTON, Thurs. The Treasury Department said It auctioned $1.5 billion (553.75 billion) of two-year notes at an average yield of 6.23 per cent. The average price at the auction was 99.805, and the treasury set a 6.125 per cent coupon on theReuter - 138 words
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211 1977-05-20 3 4 Real economic growth will be between 5 and 5 1 /2 pc' Reuter CHICAGO, Thurs. US real economic growth should be between 5 and 5Vi per cent this year, and unemployment close to per cent by year end, Wharton School Economics Professor Lawrence Klein forecast at a press conference.Reuter - 211 words
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110 1977-05-20 3 WASHINGTON, Thurs. US commercial and industrial loans outstanding rose by US$6l million (*****.5 million) to $118.06 billion In the week ended May 11. the Federal Reserve Board (FRB) said. .The increase amounted to $4.9 billion over the same week a year earlier. Loan sales were110 words
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Article53 1977-05-20 3 UPI LOS ANGELES. Thurs. The United Auto workers yesterday elected Mr. Douglas Fraser as the third post-war Dresident of the nation's largest independent industrial labour union. The 60-year-old Scottish immigrant, educated in the bitter experiences of the depression, promised to carry on the liberal-pro-gressive traditions ofUPI - 53 words
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460 1977-05-20 3 Reuter FRANKFURT, Thurs. The Bundesbank said it will lower banks' minimum reserve requirements from current levels by five per cent effective June 1, thereby freeing 2.3 billion marks to aid banking liquidity. It also said it will raise banks rediscount quotas by 2.5 billionReuter - 460 words
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272 1977-05-20 3 Reuter FRANKFURT, Thurs. Germany's net monetary reserves rose by 400 million marks to 84.2 billion last week, the Bundesbank said. Currency reserves rose by 400 million to 72.5 billion after falling 1.6 billion in the previous week, while non-currency reserves were againReuter - 272 words
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Article58 1977-05-20 3 Reuter BONN. Thurs. The West German Cabinet yesterday approved additional expenditure of 40 million marks (about Ss42 million) over the next four years for combating urban guerillas. The Interior Ministry said most of the extra money would be spent on strengthening the antiterrorist department of the police, theReuter - 58 words
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Page 2 Advertisements
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Advertisement81 1977-05-20 2 CONGRATULATIONS AJJItJA to Asia Commercial Banking Corporation Limited on the official opening of their Jakarta Representative Office From WENG NAM HENG Construction Engineering (Pte) Ltd Block 91, Nos. 2792 2796, Geylang Bahru, Singapore 12. Tel: *****77-8 Congratulations and Best Wishes to ASIA COMMERCIAL BANKING CORPN. LTD. on the official opening81 words
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Advertisement38 1977-05-20 2 CONGRATULATIONS Asia Commercial Banking Corporation Limited on the official opening of their Jakarta Representative Off ice From PJU CHUAN HOE ENGINEERING PTE. LTD. 37 Tyrwhitt Road, Singapore 8. Telephones *****08 *****67. m Cables 'dHUANSPA'. Telex: CHUANHO RS *****38 words
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Page 2 Miscellaneous
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Miscellaneous316 1977-05-20 2 I THE WEATHER I WEATHER report for 24 hours prior to 7.30 p.m. on May 19 at Singapore airport. Maximum Temperature 32.3° C Associated Humidity 67 Minimum Temperature 23.5 °C Associated Humidity 93 Hours of Sunshine 8.90 Rainfall in Millimetres NU Total Rainfall for the Month 117.7 Total Rainy Days316 words
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Miscellaneous21 1977-05-20 2 Bristcw frrr •€«CM C<?FO<feß G&TOwtS R Mpfr bkjd ft motto...' Ve fcfwG \mxm lII] I ts rv4t floor or fsu. evil21 words
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Page 3 Advertisements
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Advertisement75 1977-05-20 3 «t m* m m < > H B ■u? i* If**** N ?-3& n y :*->■*- r» TODAY INAUGURATES THE OFFICIAL OPENING OF OUR JAKARTA REPRESENTATIVE JALAN ROA MALAKA, SELATAN 12-14 JAKARTA, INDONESIA BY HIS EXCELLENCY MR. RAHIMISHAK, SINGAPORE AMBASSADOR TO INDONESIA. M\ ASIA COMMERCIAL BANKING MJ CORPORATION LIMITED NiNpsSS'75 words
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COMPANY NEWS
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Article634 1977-05-20 4 AS shown in its latest annual report, Slme Darby associate. Kempas Malaya's plans to extend and diversify Its plantation activities Into complementary operations appears to be progressing wen. Tne company has over the last two years built up a substantial financial position with total cash634 words
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LATEST RESULTS
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Article104 1977-05-20 4 Audited consolidated pre-tax profit M 56.60 million for the year ended Dec 31, 1976. The company which was incorporated in July 1975, reported a group trading profit of $648,864 for the period from July 3 to Dec 31, 1975. This excluded extraordinary items and surplus arising from liquidation104 words
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COMPANY MEETINGS
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Article27 1977-05-20 4 THE following company meetings are due: May 21, 10 a.m., Registered Office, Foh Chong Building, Room 2, 6th Floor, Jalan Ibrahim, Johore Bahru.27 words
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Article13 1977-05-20 4 May 21,11 a.m., at Rasa Sayang Hotel, Batu Ferlnggl, Penang.13 words
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Article25 1977-05-20 4 May 25, 10.30 a.m.. Registered Office, at Messrs Tan Toh Hua 8t Partners, Penthouse Wlsma Mlrama, Jalan Wlsma Putra, Kuala LumDur.25 words
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15 1977-05-20 4 National Iron Steel Mills Ltd.: May 26,2.30 p.m., DBS Building, 6 Shenton Way, Singapore 1.15 words
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18 1977-05-20 4 May 27, 10.30 a.m., Registered Office, No. 31, Shipyard Road, Jurong Town, Singapore 22.18 words
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Article15 1977-05-20 4 May 31, 12 noon at Ist Floor Maritime Building, Collyer Quay, Singapore.15 words
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Article14 1977-05-20 4 June 3, 12 noon at Registered Office, 310 Orchard Road, Singapore.14 words
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Article15 1977-05-20 4 June 3, 11.30 a.m. at No. 14 Jalan 223, Section 20A Petallng Jaya.15 words
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Article16 1977-05-20 4 June 4, 10 a.m. at 6th Floor Tat Lee Building, 63 Market Street.16 words
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Article15 1977-05-20 4 June 6, 12 noon at the ReEent Hotel, Jalan Imbi, iuala Lumpur.15 words
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Article26 1977-05-20 4 June 10, 11 a.m. at the Board Room of Malaysian Industrial Development Finance Berhad, 4th Floor Bangunan MIDF, 17 Jalan Ampang, Kuala Lumpur.26 words
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Article14 1977-05-20 4 June 11, 12 noon at Registered Office, OCBC Centre, Chulla Street, Singapore.14 words
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352 1977-05-20 4 THANKS to improved rental Income, Singapore Land is able to post a 22.5 per cent increase In group pre-tax profit to 91.08 million for the first half-year ended Feb 28. 1977. However, the company says that the half-year result "should not be construed as352 words
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365 1977-05-20 4 CHEMICAL Co. of Malaysia Is still in the less comfortable phase of Its earnings record. Pre-tax profit for the first half-year ended March 31,1977 slipped marginally to MsB.2 million from $8.9 million previously. The slide in earnings for the current year ending Sept 30,1977365 words
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Article644 1977-05-20 4 Currant Ex Data Total lar Total for WMt Dale Ptynbls the year previous year Eaaoord 13%TE Apr 12 May 20 18%TE 18HTE EmPrif. 7%TE Apr 12 May 20 10%TE 10HTE Perils Plant 10%e Mar 21 May 21 10%e 7.5HTE Knchai 9c 1. Properties 10% Apr 26 May 23644 words
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Article843 1977-05-20 4 STEWART FLEMING - By STEWART FLEMING FT TO SOME investment managers in New York index investing Is Just Wall Street's latest fad, to-day's equivalent of the HI-fated glamour stock fetish of the late 1960s or the heavy investment in the biggest !;rowth stocks which ollowed. To othersFT - 843 words
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Article34 1977-05-20 4 TRADING in options on the Chicago Board Options Exchange amounted to 105,004 contracts on Wednesday compared with 85,832 contracts on Tuesday. Due to a trensmlsslon breakdown at Reuters, option prices were not available.34 words
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86 1977-05-20 4 Reuter LONDON. Thurs. The Municipal Finance Authority of British Columbia, Canada, signed an underwriting agreement with an international banking syndicate for an issue on the international bond market for Cs2s million bonds due 1985 to 1997 at nine per cent and priced at par, creditReuter - 86 words
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Article88 1977-05-20 4 Reuter TOKYO, Thurs. Showa Denko said it developed a low cost aluminium alloy powder with greater sintering strength than conventional products for powder metallurgy. The powder makes it possible for the first time to sinter without using Inert gases. The strength of sintered aluminium alloy madeReuter - 88 words
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619 1977-05-20 4 FT AMSTERDAM, Thurs. An acceleration of the upward trend in prices on the Dutch stock market Is noted in a review of market trends and prospects by a leading banking house here. The bank, Petrson, Heldrlng en Plerson (part of the Amro group), saidFT - 619 words
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Article897 1977-05-20 4 A.H. RASKINS - BELL SYSTEM By A.H. RASKINS NYT AFTER a 77-day national strike by unionised telephone employees in 1955 had caused only minimal disruption of local and long distance service, Mr. Joseph A. Belme, founding president of the Communications Workers of America, glumly concluded that automation hadNYT - 897 words
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Page 4 Advertisements
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Advertisement240 1977-05-20 4 Australian Building Materials strength and quality Australian building materials are available to exact specifications at competitive prices. The range is wide. The quality is guaranteed. Products include: structural steel, hardboards, veneers, cast-iron pipe fittings, all kinds of insulation, aluminium framed doors and windows, louvre doors, kitchen and bathroom fittings, cupboard240 words
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327 1977-05-20 5 ASIAN COMPANIES Reuter HONGKONG, Thurs. Jardlne Matheson o rnlrman Mr. David Newblgglng said the company anticipates higher earnings and dividends In 1077. He said In the company's annual report It will continue to develop a well balanced business which should absorb any major variances from moreReuter - 327 words
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154 1977-05-20 5 Reuter SYDNEY, Thurs. The Nabarlek rtranlum miners Kathleen Investments (Australia) and its 50 per cent owned subsidiary Queensland Mines are confident they will be able to renegotiate uranium contract prices with two Japanese customers, chairman of both com- panles, Mr. J.B. Millner said. He told theReuter - 154 words
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Article61 1977-05-20 5 Reuter HONGKONG, Thurs. Green Island Cement said board lots for trading In Its shares will be amended to 200 shares from the present 800. Trading In lots of 200 shares will begin on June 1, and three will be parallel trading In lots of 800 up toReuter - 61 words
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Article83 1977-05-20 5 Reuter TOKYO, Thurs. C. Itoh said It signed a contract with the United Arab Emirates to buy 300,000 tonnes of liquefied petroleum gas (LPQ) a year over 15 year* from 1979. The state-run Dubai gas company will soon start building an LPG plant to carry out theReuter - 83 words
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Article131 1977-05-20 5 Reuter MANILA, Thurs. The Philippines' 1,000 largest companest overall expect higher profit and sales in the first half of this year, a survey by the Economic Development Foundation showed. However, the number of individual firms expecting increases has fallen compared with the previous survey last NovemberReuter - 131 words
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Article649 1977-05-20 5 CHARLES SMITH - By CHARLES SMITH FT LAST week Matsushita Electric announced Its definitive entry to the video-tape recorder (VTR) market In Japan with Its decision to market a new homeuse VTR system. This means that all the main contenders in the fast growing and hotly competitive VTR market haveFT - 649 words
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Article139 1977-05-20 5 UK COMPANIES Reuter LONDON, Thurs. Pretax profit at Whitbread rose to £42.57 million on sales of £518.47 million for the year ended Feb 28, 1977 from £30.68 million on sales of £441.57 million previously. The pre-tax profit Is after depreciation less Investment grants of £10.27 millionReuter - 139 words
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Article309 1977-05-20 5 Reuter LONDON, Thurs. F.W. Woolworth has reported a 14 per cent Increase In earnings for the first three months to April 30, 1977 on a rise of 10 per cent In. turnover. Pre-tax profit amounted to £5.78 million on a turnover of £165.19 million compared with £5.05 millionReuter - 309 words
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Article188 1977-05-20 5 EUROPEAN COMPANIES Reuter NIJMEGEN, Thurs. Estel Hoesch Hoogovens has Incurred a net loss of 19.7 million guilders on sales of 2.23 billion guilders In the first quarter this year. However, this represents a sharp improvement from the 1976 first quarter when It suffered a net loss ofReuter - 188 words
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Article130 1977-05-20 5 Reuter AMSTERDAM,. Thurs. Heineken reported net profit for the first six months ended March 31, 1977 amounted to 37.1 million guilders (34.9 million) on a .turnover of 1.06 billion guilders (one billion). Net profit per 25 guilder nominal share rose from 3.78 guilders to 4.01 guilders.Reuter - 130 words
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Article96 1977-05-20 5 Reuter HANOVER, Thurs. The economics and finance ministers of Lower Saxony have signed an agreement with ICI on the building of a petrochemical complex at Wllhelmshaven worth one billion marks and to which Lower Saxony will contribute 1.62 million marks, a Finance Ministry spokesman said. The complexReuter - 96 words
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Article120 1977-05-20 5 Reuter OELSENKIRCHEN, Thurs. Veba-Chemie, the 100 per cent subsidiary of the German National energy concern Veba, will trv to break even this year following the 1976 reduction in losses to nine million marks (62 million), managing board chairman Mr. Helnrich Relnert said. Losses In theReuter - 120 words
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Article94 1977-05-20 5 Reuter AMSTERDAM, Thurs. Verenlgde Machlnefabrieken Stork (VMF-Stork) is certain to make a further loss in 1977, executive chairman Mr. F.O.J. Sicklnghe told the annual meeting. It made a 1976 net loss of 14 million guilders (28 million profit). It said earlier this month its financial result wouldReuter - 94 words
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Article28 1977-05-20 5 AMSTERDAM, Thurs. The National® Nederlanden 100 million guilder 7 1/3 Kr cent ten year loan has en priced at 99 1/4 per cent, Amsterdam-Rotter-dam Bank said.28 words
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Article123 1977-05-20 5 Reuter LONDON, Thurs. The Extel Group announced a new world-wide data base service providing company information on 2,000 UK and foreign companies in a form suitable for processing and analysis by computer. The Information, covering balance sheet and profit and loss account items, net assetReuter - 123 words
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Article80 1977-05-20 5 LONDON, Thurs. The British Steel Corp (BSC) has postponed an £835 million expansion programme for its Port Talbot Works In South Wales, BSC spokesman said. The decision was taken In the light of the poor state of the world steel market and the closure of the80 words
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Article209 1977-05-20 5 NORTH AMERICAN COMPANIES Reuter MOBIL OIL expect* to end the downward trend In Its U8 crude oil production this year and resume domestic production growth in 1978, j vice chairman Mr. Herman I J. Schmidt told analysts. The company's natural gas production Is expected to showReuter - 209 words
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Article40 1977-05-20 5 Reuter GENERAL ELECTRIC's research and development division has developed a new technique for making semlconductors, reducing manufacturing time as much as a thousandfold. The new technique, called thermomlgratlon, promises to reduce fabrication temperatures and Increase processing yields. Reuter.Reuter - 40 words
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Article115 1977-05-20 5 Reuter TRANS WORLD AIRLINES has made a profit In April this year the first time since 1973 and for only the third time in the past 10 years. The airline earned U*****,000, or one cent a share, In April compared with a loss of $6,393 million,Reuter - 115 words
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Article38 1977-05-20 5 Reuter ALLIS-CHALMERS has reached an agreement to market farm tractors manufactured by Toyosha of Osaka, Japan. Initially two Toyosha models of low-horsepower tractors for small scale farming will be marketed worldwide by AlllsChalmers, the company said. Reuter.Reuter - 38 words
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Article161 1977-05-20 5 Reuter FUQUA INDUSTRIES has offered U5515.50 each for the 3.7 million shares (47 per cent) of Avis beneficially owned by International Telephone and Telegraph but held by a court-appointed trustee. Fuqua said if It succeeds in acquiring the 47 per cent of Avis, ItReuter - 161 words
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Article71 1977-05-20 5 Reuter OCCIDENTAL PETROLEUM has filed with the Securities and Exchange Commission a registration statement covering a proposed offering of three million cumulative preferred shares planned for mid-June. The sale, expected at an offering price of US$25 per share, is Intended to increase the company's equity base. The proceedsReuter - 71 words
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582 1977-05-20 5 NYT RESERVE OIL AND OAS put to rest yesterday rumours that the company was about to merge by saying, in response to a New York Stock Exchange request, that Reserve had not been approached regarding a merger. The stock had been unusually activeNYT - 582 words
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Page 5 Advertisements
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Advertisement94 1977-05-20 5 A Y PETER BRANDON OF AUSTRALIA He sings in a powerful baritone and plays several instruments. He's hilarious when he mimics Elvis or Dean Martin. He's appeared with Harry Secombe, Perry Como Olivia Newton-John. Peter Brandon Australia's hot TV cabaret star. (Also performing at the Neptune) i 'V~ m m94 words
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Advertisement194 1977-05-20 5 fiftAVtf Always fighting to make the world safe from fire. r. at* m k.. M&r-— r A o IHmtJtMtlt '""iiVHI o e < Sj§jgr«-* jr u: o > o y ■A< m ;ry lafc i'. 4, For four decades GRAVINER hat been an international nama in tha exacting field of194 words
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Article2178 1977-05-20 6 1*77 High Low Last Company Sale +ocGr*« dhr Div e'rr Gr'i y'ld Nat P/E Vol Day ('900) High Low SECTION ONE INDUSTRIALS 140 136 Ac ma 142 12.0N 1.1 8.4 7.1 133 204 76 212 101 198* 163 219 392 127 204 58 212 57 156 1522,178 words
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Article1380 1977-05-20 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 1000 units unless otherwise specified. All Time Settlement Contract* are quoted after the word Sett." Big Board1,380 words
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Article1472 1977-05-20 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets in lots of 1.000 units unless otherwise specified. INDUSTRIALS AJinamaU (2.108). XD. Alaam (1.828) (1) 1.80 A. Chaa. (0.728 01,472 words
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Article95 1977-05-20 6 STRIKING prices ot the Mock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. DBS (June $3.96) (0.02*8 0.018): (June 53.60) (0.296): (Dec 53.60) (0.348 0.388): Inchcape (Juno $2.40)95 words
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Article153 1977-05-20 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Ciareat price*) (Manager* 1 price* for May 36) The Commerce 1.64 1.73xd INCOME BOND .1.06 1.11 The Saving Fund 0.80 O.M MARA BUMIPUTRA FUND S pore Prog Fund .0.60 0.85 S pore Security Fundi .44 152 S pore Invest Fund 1.00 1.06153 words
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Article159 1977-05-20 6 B O T 7 5/8% 1964 (100,000) (98%8 98 B O T 8 1/2% 1981 (100,000) (102HB 102%8) D B S 8 1/2% 1982 (100.000) (100' jB 101S) DBS Converts S 1/2% 1991 (100.000) (97\.8 98V.S) E I B 9% 1982 (100.000) (1038 103*8) E I B 8159 words
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Article113 1977-05-20 6 5 1/2% l/4/78(250.000)(101.48B 101.555) 5 1/2% 15/4/78 (250,000) (101.35B) 5 1/4% 18/7/78 (250,000) (101 468 101.555) 4 3/4% 15/7/79 (250,000) (100.728 100 80S) 7% 1/7/79 250,000) (104.85B) 5 1/4% 15/10/79 (250,000) (101.70B) 3/4% 15/8/80 (250,000) (103 30B) 8 3/4% 1/12/80 (250,000) (103.30B) 6 3/4% 1/12/80 (300.000K 1)103.39 5%113 words
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Page 6 Advertisements
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Advertisement143 1977-05-20 6 found only in the best company... Penguins in Business and Management Understanding Company Financial Statements: J. Parker Organization Theory: D. Pugh Business Strategy: H. Ansoff Corporate Strategy: H. Ansoff Exploration in Management: W. Brown Modern Management Methods: E. Dale Offensive Marketing: J. Davidson Business of Mahagement: R. Falk Modern Business143 words
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Article, Illustration622 1977-05-20 7 FAIHLY widespread trad in* wm noted umm the third linen at the "lock Exchange of Singapore yesterday. The trend was again irregular with seam of the rocoat firm features losing oat significantly. Profit-taking was evident some of the isenee while the market shifted its attention to some622 words
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Article424 1977-05-20 7 AN early attempt at rally was aborted as profittakers moved In to check the advance of share prices at the Kuala Lumpur stock market yesterday. Trading assumed a distinctly wider range to Include some new second and thUB liners as well as most banking stocks In the424 words
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INTERNATIONAL STOCK MARKETS
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Article350 1977-05-20 7 HONOKONO: The market clooed slightly lower in dull, featureless trading, dealers said on Thursday. The Hang Seng index was down 1.42 to close at 440.00. to'oifS.^HssSksm^ 1 Bank"!? cents to 017.70 and Whsottosk MsrOoa 2.5 cents to 02.075. Swire Padfls, which went ex Its 21 cent final dividend and350 words
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Article462 1977-05-20 7 TOKYO: Share prices closed slightly lower in limited trading with buying Interest subsiding In the absence of encouraging factors, dealers said on day.TWe Dow Jones average lost 8.48 to close at 5,024.38, with voluriie 170 million shares. The New Index closed at 377.13, down 0.30. Many shares advanced In462 words
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Article430 1977-05-20 7 SYDNEY: The market closed firmer on Thursday, after an easier opening following Wednesday's sharp rise with mines more active than Industrials, dealers said. The Sydney All-Ordinaries Index rose 1.00 to close at 408.07. Paaeeatiasatel rose 50 cents to 914.20, Istklosa lavestmsnls 14 cents to 01.75, Qniislssd Mines SO cents430 words
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Article157 1977-05-20 7 MANILA: The market doted mixed, with minings easing on lower metal prices, while commercials were steady and oils slightly higher, dealers said on Thursday. Total turnover dipped to 1.87 million pesos from Tuesday's 2.27 million. Gainers Included PLOT and PUI Ormu while Aerie Miaiag, Atlas Cea A and B,157 words
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Article97 1977-05-20 7 MAI 11 Asia Fibre Banckok Bank n« 296 1M -46 unch 1,1 IMP ♦J 4388 -2 Berll Jucker 251 ♦5 Charoong Thai Wlw ISM -3 DusltThanl Faber Merlin First Trust Indo-Thal 1808 -6 Industrial Finance Corp 1196 J And J Ho 2148 Jalaprathan 119 ♦3 Cement Karnasuta Lee Kwang97 words
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Article265 1977-05-20 7 AMRTRRDAM: The market closed generally firmer on Wednesday, led by Royal Dutek in Dutch internationals. Elsewhere banks, insurances and plantations eased with the exception of ABN and Aafes. Shippings, trading shares and Industrials firmed. Heinokoa clooed unchanged on 1U slightly higher first half year figures. State loans were lower.265 words
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Article149 1977-05-20 7 BRUSSELS: The market vu mostly higher In quiet accountday trading ahead of the long weekend, dealers said on Wednesday. The bourse Is closed for the Ascension holiday on Thursday and Friday. Safiaa, Cobapa, Ualoa Mlnlara, Cockerill, HalaautSambre, Sol» ay and M«mm rose, while Tracttoa and Umt( were among Issues149 words
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Article281 1977-05-20 7 FRANKFURT: Shares clooed higher showing gains of two marks or more market sources said on Wedneoday. In higher autoo, VW gained 3.20 marks and In engineerings Doatag rose 4.90 marks. In chemicals Basf advanced 2.50 marks and in steels Klooekaerworke gained 1.30 marks, while Tkyseea advanced 2.50 marks. On281 words
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Article148 1977-05-20 7 MILAN: The market again firmed In more active trade on technical (actor*, bourse sources said on Wednesday. Moatedim. Flat and major Industrials gained but G—r«U Immobiliare was marginally lower as was Olhretti prlveleged. AMicuraxioai Generali recouped past day's losses In firmer Insurances. Banks and financial* firmed. Bonds were selectively148 words
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Article329 1977-05-20 7 PARIS: The market was generally higher following a statement by Deputy Finance Minister Robert Boulln that new steps may be taken to help the bourse, dealers said on Wednesday. Foods were higher, led by BBN, MOET and Ferae*. while motors, rubbers, printings, etectrlcals and oils also gained ground. Banks329 words
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Article263 1977-05-20 7 ZURICH: The Zurich bourse was steady in quiet trading, dealers said on Wednesday. KroOitaaotelt bearer showed a significant loss, with Ba% bearer also lower. Buokrlo bearer was unchanged despite the company's forecast of a 15 to 20 per cent turnover rise In 1977. Raoekvorsiehoruag advanced in insurances, while Saados263 words
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Article400 1977-05-20 7 JOHANNESBURG: The market on Wednesday was very quiet ahead of Thursday's holiday, and most sectors tended easier, dealers said. Gold shares eased in line with the lower bullion price and heavyweights lost up to SO cents while lightweights shed ten to 15 cents. In Platinums, Rusplat lost five cents400 words
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Article318 1977-05-20 7 TORONTO: The market closed higher In moderate trading with the composite Index up almost six points and advances outpacing declines 244 to 104 on Wednesday. Ctiadiu Hydrocarbons rose 1/4 to 9 1/4 and latar-Cky Gas eased 1/8 to 6 7/8. latar-Oty plans a share offer for Canadian Hydrocarbons. Electro318 words
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Article1143 1977-05-20 7 NEW YORK: Stocks finished broadly higher for the fourth straight session on Wednesday amid growing Indications that buyers are finally stepping out from the sidelines. Trading volume wt> the heaviest this MM. The mutet had a number of favourable developments to weigh. First, investors appear to have concluded1,143 words
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Article61 1977-05-20 7 FINANCIAL TIMES INDUSTRIALS Wednesday 477.4 Tuesday 468.2 Week ago 456.6 DOW JONE8 AVERAGE INDUSTRIALS Wednesday Ml.91 Tuesday 936.48 Week ago 926.90 LONDON DOLLAR PREMIUM Wednesday 117* to 118 Tuesday 121 to 121W H.E. HANG SENG Wednesday 447.38 Tuesday 447.12 Week ago 452.17 SYDNEY INDUSTRIALS Wednesday 377.29 Tuesday 373.78 Week61 words
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Page 7 Advertisements
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Advertisement333 1977-05-20 7 Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar ma/am! Because Penguin books are rather jj&m special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational J/Wi quite unlike the type that merely333 words
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COMMODITY REPORTS AND PRICES
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Article731 1977-05-20 8 OPENING quotations In the Singapore rubber market yesterday were marked marginally lower, and the market ruled dull with little trading interest shown, dealers said. Towards noon, the market turned easier before short-covering edged prices higher to around overnight levels, they said. Turnover was fair, physicals731 words
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Article31 1977-05-20 8 Rubber: May 19 Singapore: June 196.25 cte (up 0.50 cte) Malaysia: June 196-50 cU (up 0.50 eta) Tin: SI >400 (down SI) Official offering: 215 tonne* (down 15 tonnes)31 words
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Article149 1977-05-20 8 THE Straits tin price in Penang yesterday was down $1 to $1,460 on an official offering down 15 tonnes to 215 tonnes. In LONDON yesterday morning, tin fell by £85 for cash and £90 for Three Months In the standard contract. High grade was £92 and £90 lower,149 words
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Article117 1977-05-20 8 THE following palm oil prices were quoted In London on Wednesday. The prices are cIf Rotterdam and are quoted In US dollar per ton unless otherwise stated. Wednesday Prey. Malaysia 5% f fa bulk Jul/Aug 659 sir 668 sir Sumatra 5% May 872.50 sir 680 sir June 672.50117 words
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Article95 1977-05-20 8 Jua* July R.A.S. (CvmatMth) (Forward Mth) (CMI tapwkc) (e« lUpwkC) SSR 20 (1-ton Pallet) 192 50 103.5ON 104.00 105.OON SSR SO (1-ton Pallet) ISO 00 191. OON 191.50 192. SON M.R.E.LB SMR 5CV (1-ton Pallet) 217 50 219 50N 219.50 221.50N SMR 5L (1-ton Pallet) 215 5095 words
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Article125 1977-05-20 8 HONGKONG, Thurs. Cotton futures closed slightly higher in quiet trading, following the quietly higher trend in New York, dealers said. Gains ranged from 0.32 to 0.60 US cents. Only One lot was traded in October at 73.58 cents per pound. May and July were untraded until the closing125 words
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Article261 1977-05-20 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk *100 sellers, old drum 8105 sellers, new drum 8110 sellers. Copra: Mixed (loose) UK/Cont. 863 buyers. Pepper Muntok ASTA white f.o.b. 100% NLW 8382 1/2 sellers. Sarawak white f o b. 96% NLW 8302 1/2261 words
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Article268 1977-05-20 8 IN the Singapore gold market yesterday, the kllobar was traded in the range of 5511,700 to $11,720. The loco London gold was quoted at USSI46.M/147.20 for most of the day. The London morning fix was U*****.80 down 10 cents on the previous fix. Source: Singmaa In HONGKONG yesterday, gold268 words
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Article190 1977-05-20 8 LONDON, Thurs. Silver In the morning was 2.4 to 2.8 pence per troy ounce lower after broader dealings of 94 lots. Dealers said this metal encountered liquidation prompted mainly by the easier trend in base metals. The barely steady tone In gold also helped to dampen sentiment, they added.190 words
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Article108 1977-05-20 8 LONDON, Thurs. Zinc In the morning eased by £3 per tonne all round. Values were relatively steady on some shortcoverlng Interest following the recent producer price cuts and subsequent decline In LME values dealers said. Three Months sagged to £348 In the ring but picked up on the kerb108 words
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Article151 1977-05-20 8 LONDON, Thurs. Lead In the morning fell by mostly £10 per tonne. The market still appeared to be overbought and attracting further stale bull liquidation prompted by the general tendency, dealers said. Values were relatively steady In the pre-market where Three Months reportedly touched £369 but this soon gave151 words
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Article255 1977-05-20 8 LONDON, Thurs. Futures ended the morning opening session easier, £97 to £65 per tonne down against last night. Lots traded were 762. The market came under local dealer and commission house selling pressure which touched off further stoploss sell orders and f>ushed market values ower. July, after dropping £110255 words
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Article192 1977-05-20 8 CHICAGO, Thurs. Soybean futures closed higher yesterday, posting a gain of two cents a bushel In the spot month and advances of 21* to 16* cents In other months. Prices moved upward across-the-board, after an earlier mixed pattern which took nearbys lower. Strength In product futures and commercial buying192 words
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Article190 1977-05-20 8 CHICAGO, Thurs. Corn futures recovered from an early decline yesterday, which took the July to a new season low, and finished with gains of 2% to three cents a bushel. With ideas prevalent that the market had been oversold late Tuesday, early commercial buying Interest helped generate shortcovering which190 words
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MONEY AND EXCHANGES
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Article545 1977-05-20 8 SINGAPORE'S foreign exchange market was thin yesterday, with very little dealing Interest. In spite of this, however, the Japanese yen managed to strengthen against the US dollar, with the US unit falling from 277.42 to 276.90 by the afternoon close. Dealers said that this was mainly due to official545 words
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Article148 1977-05-20 8 Asian rates ASIAN currency deposit Interbank rates as at cloae on May 19 US Doilai rs (So*) 7 days 1 mth 2 mth* 3 mth* mth* 9 mth* 12 mth* .5* .39/19 3* .9* OS .9W 5* 3 7/19 5H W 6* 6* 6% 1 mth 3 mth* mth* 12148 words
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Article44 1977-05-20 8 RANOE of price* offered by discount house* on May 1» Overnight 2 to 3* Call deposit 3% CM Buj "MM* 3-Month Treasury bUla 3 rt 3-Month Bank btlli 4 n 3-Month CD 4* 4* 6-Month CD 4-7/1# 4-5/18 Source: National Discount Co. Ltd.44 words
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Article97 1977-05-20 8 Euro rates LONDON, Thurs. The Ascension Day holiday In Europe and the forex conference In Montreux made for very quiet Eurodollar deposit trading, dealers said. Period rates opened harder, reflecting the loss of the Friday dealing technicality and have shown little change since. Short dates were also basically steady. LONDON97 words
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Article240 1977-05-20 8 LONDON, Thurs. Most major currencies traded little changed In quiet opening trading owing to today's Ascension Day holiday In Europe and the departure of many foreign exchange dealers for the International Forex Club meeting In Montreux Switzerland, dealers said. Sterling continued its slightly easier trend in subdued dealings, reflecting240 words
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Article189 1977-05-20 8 NEW YORK, Thurs. The dollar yesterday closed slightly firmer on balance after a very quiet trading day, while the Mexican peso fell In extremely nervous trading, dealers said. Trading was subdued by the departure of many dealers from here and Europe to Montreux, Switzerland, for the International Forex189 words
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Article123 1977-05-20 8 TOKYO, Thurs. The US dollar for overnight delivery weakened in fairly active trading to close at a twoweek low of 276.95 yen, down from 277.40 at the opening and 277.50 at yesterday's close, dealers said. The US currency declined throughout the day as traders and manufacturers sold dollar export123 words
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Article125 1977-05-20 8 HONGKONG, Thurs. The US dollar eased back on profit-taking to a late HK54.6860/80 from this morning's peak of $4-6950/60 and yesterday's afterhour's level of 14.6880/95, dealers said. However, the US unit remained slightly higher than yesterday's four month high normal hour's closing level of $4.6850/70, with trading In general125 words
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Article62 1977-05-20 8 Minimum lending rates (in ACBC Algemene Bank Bangkok Bank 6*« 6*4 7 First Chicago Citibank HSBC 6*4 6*4 7 Bank of America Bank of China Bank of Tokyo Bank Negara Indonesia 6*4 ..7 6*4 7 Indosuez Malayan Banking Mitsui Bank OCBC OUB 6*4 6*4 6*4 6 J '4 6*4 Chartered62 words
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Article45 1977-05-20 8 AUSTRALIA/NZ exchanges quoted on May 19 Australia Sterling 1.1062/1.1014 US dollar 0.6458/0.6388 Ninety-day air mall buying rates: Sterling 0.6639 US dollars 1.1312 Ninety-day forward buying rates: Sterling 0.6424 US dollars 1.0945 New Zealand: Sterling 0.5598/0.5567 US dollar 0.9667/0.9567 Ninety-day forward 0.5766 US dollar 0.986845 words
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Article41 1977-05-20 8 ZURICH exchanges closing quotes on May 18 US 2.5190-5200 UK 4.3285-3315 Can 2.4050-4070 W Germ 106.87-97 Neth 102.80-88 France 50.88-93 Belg 6.97-^-98-Vi Denm 41.82-87 Nor 47.76-79 Swed 57.83-87 Italy 0.2841-2844 Austria 15.01-03 Port 6.51-53 Spain 3.65-66 Arg 0.65-80 Japan 0.90-^4-91-W41 words
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Article32 1977-05-20 8 FRANKFURT exchanges closing quotes on May 18 US 2.3560/70 Can 2.2490/2505 UK 4.045/050 Neth 96.00/10 Swltz 93.50/60 Italy 2.65/66 France 47.55/65 Japan 0.8500/15 Belg com 6.525/535 Belg fin 6.52/53 Norw 44.65/7032 words
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Article291 1977-05-20 8 LONDON Eurobond prices quoted on May Straights Bid Offer Austria 8* 90 101 '-a 101* Bell Canada 8*. 86 104S 106* BFCE 8S 83 102 1 Brazil 9*4 84 97* Can Pacific 9% 83 103* 104* Credit National 8* 86 98* M* ECSC983 103*4 EEC 8% 82 101291 words
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Article248 1977-05-20 8 LONDON, Thurs. On Wednesday afternoon copper wire bars on the day feu by £9 for Cash and £9.50 for Three Months. The market was steady during ring trading on moderate short-covering operations prompted by the steady trend at New York, with Three Months finishing at £837 per tonne. Subsequently,248 words
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Article265 1977-05-20 8 LONDON, Thurs. Terminal opened the morning quiet with prices £0.25 either side of yesterday's 1700 hours levels. Sales were lots. Dealers said the Ascension Day holiday on the continent was a quietening Influence. The only news was trade reports of a US operator/ refiner transaction of raw sugar on265 words
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Article216 1977-05-20 8 BANGKOK, Thurs Indicative prices for rice quoted In Bangkok yesterday were: (US dollars per tonne fob basis Bangkok) White Rice: 100 per cent Ist class 289 100 per cent 2nd class 274 100 per cent 3rd class 270 5 per cent 259 10 per cent 237 15 per cent216 words
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Page 8 Advertisements
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Advertisement45 1977-05-20 8 Peter Benchley 'Better than JAWS, ever escalating shocks' -TIME 'Cracking entertainment' -DAILY TELEGKAPH 'For the second time -the book you can't put down' -DAILY MML Now on Sale at your regular bookshop Distributed by: TIMES DISTRIBUTORS SDN. BHD. Timet House, River Valley Road, Singapore 945 words
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TRANSPORT AND COMMUNICATIONS
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602 1977-05-20 9 NYT WASHINGTON, Thurs. Carter Administration officials are now cautiously optimistic about prospects for a new Panama Canal Treaty because of a statement on the most crucial remaining question by Brig. Gen. Omar Torrljos Herrera, head of the Panamanian Government. TheNYT - 602 words
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Article, Illustration228 1977-05-20 9 THE Port.of Tacoma will be investing some US$lO million (Ss2s million) in new projects this year. These include the construction of a new 182-me-tre berth for ro-ro operations with an 18-hectare backup area, and general expansion and modernisation of the port's228 words
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Article, Illustration281 1977-05-20 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Baltlk (1500 after Straat Magelhaen) 10/11 Bunga Seta war (1500) 19 Fortune Victory (0800) (tide) 27/28 Glsco Maru No. 19 (JLKB) (0600 after Bel Shan) (Subject free board) 29/30 Olenlyon (UTM/L b D/L) (1500 after Trsat) (Must head East for UTM/L) 33/34 Oolden281 words
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280 1977-05-20 9 AP NEW YORK, Wed. American travellers abroad will be able to return home with US$2OO (SSSOO) more In duty-free goods If Congress adopts a plan unveiled by Under-Secretary of the Treasury Bette Anderson. The proposal to raise the duty-free exemption to $300 from theAP - 280 words
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241 1977-05-20 9 THE government Is to build some 40 autowalks and 10 escalators at the Changl International Airport to speed up passenger flow. With the Installation, Singapore will become the first airport In Asean to be equipped with autowalks. It is understood that tenders241 words
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132 1977-05-20 9 Reuter .PARIS, Thurs. French coastal and long-range freighters will be delayed In port for 48 hours between May 20 and 31 due to action by seamen and tug-boat men, union sources said. The stoppages, which will apply to French ships in European and particularly EECReuter - 132 words
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Article135 1977-05-20 9 Reuter MANILA, Thurs. Two South American shipping firms and a local company engaged as general agents have agreed to open a direct shipping service between Philippine and South American as well as Caribbean ports, company officials reported today. The service will be a Joint venture amongReuter - 135 words
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Article192 1977-05-20 9 AP LONDON, Thurs. River Plate grain chartering dominated voyage business yesterday, as North American outlets remained slack. Continental grain featured prominently In the Plate. Fixing on their account included the payment of $18.50 (1,500 tonnes discharge free) to the 20,000tonne Papyros for a May shipment to theAP - 192 words
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Article142 1977-05-20 9 THE HAGUE, Thura. The Nether land Shipping Union group of companies, has obtained permission from Queen Juliana to use the 'Royal' prefix. Henceforth the croup will be known as the Royal Nedlloyd Group. The group'a division*, as well as its companies, will have their142 words
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Article54 1977-05-20 9 Reuter TOKYO. Thurs Toyota Motor Sales Co Ltd said it sold 60 trucks worth 72 million yen (*****,600) to China following a deal at the Canton Trade Fair. Toyota which has exported 8,600 vehicles to China since 1971, said It was negotiating in Peking to sellReuter - 54 words
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Article565 1977-05-20 9 ARRIVALS Service Local I Operator Number Time From KAL KE807 0015 SEL MAS MH682 0810 KCH SIA SQ211 1015 HLP GIA GA980 1030 HLP OIA GA908 1100 MES PAL PR501 1115 MNL SIA SQ240 1140 MES RBA BI325 1155 BWN SIA SQ201 1200 HLP KLM KL833 1240565 words
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Article116 1977-05-20 9 THE Port of Singapore Authority is advising mariners to proceed at the slowest speed consistent with safe navigation when approaching and passing near Selat Jurong and Selat Pesek from Monday. Submarine power cable recovery and ancillary works Including underwater survey, hauling of disused cables to the surface116 words
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Page 9 Advertisements
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Advertisement156 1977-05-20 9 Grow with Scotiabank: J have offices in over 40 countri Our total assets: $18.2 billions. if? m ss£A m t£ m m The Growth Bank: We have over 1,000 offices and branches worldwide and in the past four years alone, have opened in 13 different countries. We're strong and we're156 words
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Article, Illustration753 1977-05-20 10 RONNIE LIM - By RONNIE LIM THIS year, Mobil and BP Singapore joined the ranks of Singapore's lubricant blending companies, when they announced plans to set up plants at $4 million apiece. Their entry, for reasons like filling a gap in their753 words
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255 1977-05-20 10 UPI NEW ORLEANS: While United States tuna boats head for distant waters, the largest concentration ever of Japanese boats Is making record catches of blueflsh tuna In the Gulf of Mexico. Forty-one Japanese boats have been sighted in the Gulf thisUPI - 255 words
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Article, Illustration1888 1977-05-20 10 STEWART FLEMING - ■y STEWART FLEMING FT IN the past few weeks trade union leaders In the US have been stunned by a series of political setbacks which are forcing "big labour" the counterEolnt for Americans to "big uslness" to reassess Its political strategyFT - 1,888 words
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Article, Illustration977 1977-05-20 10 STEVEN RATTNER - By STEVEN RATTNER NYT BAHRAIN: In the five months since the Organisation of Petroleum Exporting Countries (Opec) split over how much to raise oil prices this year, reports of various compromises to erase the gap have reached the industrialised worldNYT - 977 words
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649 1977-05-20 10 Reuter PARIS: When Europe's legendary Orient Express begins its last journey to Istanbul this week, privileged travellers aboard the train will be carrying their own sandwiches and water. The train favoured and glamorised for decades by aristocrats, millionaires, diplomats and spies, has longReuter - 649 words
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Page 10 Advertisements
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Advertisement276 1977-05-20 10 I V m A 7S THEHAMLYN PICTORIAL ATLAS OF THE WORLD A modern and comprehensive atlas has 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 concise fascinating and276 words
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110 1977-05-20 11 Reuter KUALA LUMPUR, Thurs. Bank Negara Malaysia said its gold and foreign exchange reserves fell to M 56.08 billion on April 30 from $6.19 billion on April 15, compared with $6.04 billion on March 31. Its fortnightly balance sheet showed total assets fell toReuter - 110 words
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Article123 1977-05-20 11 Reuter KUALA LUMPUR, Thurs. Peninsular Malaysia rubber production in February fell to 118,801 tonnes from 165,834 tonnes (revised) in January, but was slightly above the 118,756 tonnes in February 1976, Statistics Department figures show. Exports in February dropped to 124,975 tonnes from 166,552 in JanuaryReuter - 123 words
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Article, Illustration370 1977-05-20 11 IF HIOHER cost means greater exclusivity, then Nasslm Mansion must be the most exclusive apartments In town and any potential buyer should bear In mind that the cheapest units cost $300,000 each. Nasslm Mansion, which has Just been completed and Is ready for370 words
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141 1977-05-20 11 Reuter KUALA LUMPUR, Thurs. Malaysia will seek accelerated cooperation from Australia in food technology when the Association of Southeast Asian Nations (Asean) and that country meet In Indonesia on Monday to review the food technology and soybean projects to be set up with AustralianReuter - 141 words
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Article81 1977-05-20 11 Reuter LIMA, Thurs. Mr. Carlos Santlsteban Is to stay on as president of Peru's central bank following a lengthy meeting with new Economy and Finance Minister Mr. Walter Piazza Tanguls, authoritative banking sources said. They said Mr. Santlsteban and four directors who also offered their resignation toReuter - 81 words
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858 1977-05-20 11 SING-THAI Grain, the Singapore-Thailand Joint venture concluded towards the end of last month, has stirred up considerable local interest as another successful project conceived In the spirit of Asean cooperation. What is less publicised is that it constitutes the start of a858 words
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163 1977-05-20 11 Reuter MANILA, Hiura. Philippine Information Secretary Francisco Tatad said yesterday the influence of the Western press in Asia was on the wane and called on developing countries in the region to start relying on "their own media for their own needs". In aReuter - 163 words
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Article44 1977-05-20 11 NEW DELHI, Thurs. India had a trade surplus of 720 million rupees in the 1976-77 financial year (to March 31), the first surplus In 10 years, Samachar news agency reported. Exports totalled 49.8 billion rupees, imports 49.08 billion. Samachar said.44 words
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Article, Illustration565 1977-05-20 11 IT PROVES ICA IS NOT A DAMPER KUALA LUMPUR, Thurs. There has been a healthy Increase In the number of applications to the Federal Industrial Development Authority (Flda) to start manufacturing projects In Malaysia. Figures cited yesterday by Encik Mohamed Zaln bin Haji Abdul565 words
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569 1977-05-20 11 Reuter TOKYO, Thurs. Vice Minister of Finance for International Affairs Mlchlya Matsukawa said Japan will have a current account balance of payments surplus In fiscal 1977 ending next March, rather than the US$7OO million (S$ 1,720 million) deficit originally projected by the government. AnsweringReuter - 569 words
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Article73 1977-05-20 11 Reuter TOKYO, Thurs. Japan's finance ministry has proposed to commercial banks that they introduce an automatically renewable time deposit to meet its demand for a compound interest rate deposit. The time deposit'may be automatically renewed with interest either paid out or incorporated in the principal every sixReuter - 73 words
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Article192 1977-05-20 11 UPI ISLAMABAD, Thurs. Pakistan and Iran signed an economic agreement yesterday following a three-day meeting of their Joint ministerial commission for economic cooperation. The agreement was drafted to facilitate further Iranian Investment in Pakistan and to expand two-way trade between the two countries. The two delegations reviewedUPI - 192 words
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Article196 1977-05-20 11 UPI NEW DELHI, Thurs. A high court yesterday ordered the Maruti automobile project of SanJay, son of ousted Prime Minister Indira Oandhl, not to dispose of Its "Immovable property and machinery." Judge Harbans Lal of the Haryana High Court Issued the order on aUPI - 196 words
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Article82 1977-05-20 11 APPLIED Engineering yesterday filed a suit against Olychem Singapore for $362,696.00 and $12,761.96, allegedly due under an agreement. Also filed with the High Court yesterday was a claim for $170,999.05 by Puttra Vimolsirl from Chng Kee Huat. The amount claimed is alleged to be due for goods82 words
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Article338 1977-05-20 11 UPI SEOUL, Thurs. A private American business group has promised to provide financial support for South Korea's fourth five-year economic development programme which started this year, a Joint communique said yesterday. The communique, Issued at the end of a three-day meeting of the third JointUPI - 338 words
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Article212 1977-05-20 11 UPI SEOUL, Thurs. Deputy Premier and Economic Planning Minister Nam Duck-woo said the Government will put into effect the value-added tax system from July 1 this year as scheduled. He also said the Government will soon conduct a study on allowing an Increase In the pricesUPI - 212 words
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Advertisement531 1977-05-20 11 APPOINTMENTS MANAGER AIR CARGO AIRLINE HONGKONG Due to internal promotion we are looking for a Manager to be responsible for the profitable .running of our Hong Kong office reporting direct to the Board of Directors as well as to our World Headquarters in Europe. The person we are looking for531 words
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Advertisement167 1977-05-20 11 IN THE HIGH CX)URT OF THE REPUBLIC OF SINGAPORE Companies Winding-Up No. 47 of 1977. In the Matter of The Com* panies Act (Cap. 185) And In the Matter of Singapore Express International (Pte) Ltd. NOTICE OF WINDING-UP ORDER In the Matter of Singapore Express International (Pte) Ltd. Winding-up order167 words
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857 1977-05-20 12 Reuter LONDON, Thurs. A British Leyland spokesman declined to comment early today on a press report that the government-backed car firm was paying huge lnternatlonal bribes In a desperate bid to win overseas orders. Under the banner headline Worldwide Bribery Web byReuter - 857 words
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174 1977-05-20 12 Reuter TOKYO, Thurs. Bank of Japan governor Teiichiro Morinaga said the Central Bank is ready to help some Japanese Industries, including textile mills, smaller steel makers and shipyards, hit by recession. He told a press conference the government should give more thought to theReuter - 174 words
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177 1977-05-20 12 UPI TOKYO, Thurs. Japan and North Korea have agreed to sign a private trade agreement calling for two-way transactions to reach US$l.2 billion (Ss3 billion) by 1981, the Mainichi Shimbun newspaper said today. The paper quoted sources close to both sides as saying thatUPI - 177 words
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Article99 1977-05-20 12 Reuter SEOUL, Thurs. Soutn Korea will ask Asian Development Bank president Taroichi Yoshida, who arrived here yesterday on a three-day visit, to help it obtain ADB loans totalling US$467 million (Ssl.l billion) by 1979 to finance 13 development projects in the country. Of the total,Reuter - 99 words
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Article459 1977-05-20 12 Reuter AP TOKYO, Thurs. EEC Commission vice-president Wllhelm Haferkamp warned that Japan must reduce its huge trade surplus with the EEC rapidly to head off protectionist measures against Japanese exports. In an address to the opening session of the two-day ministerial-level EECJapan talks here, MrReuter; AP - 459 words
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Article304 1977-05-20 12 UPI TOKYO, Thurs. Prime Minister Takeo Fukuda expressed doubt that an immediate conclusion would be reached on the protracted fishery negotiations between Japan and the Soviet Union. The Moscow regime, Mr. Fukuda said, has come up with a "very difficult proposal" concerning disputed territorial problems. The negotiationsUPI - 304 words
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165 1977-05-20 12 UPI TOKYO, Thurs. Asahi Glass Co. and Chisso Corporation have reached basic agreement on a fullscale business tie-up in polyvinyl chloride production. the first of its kind in the recession-hit Industry. The tie-up is aimed at the consolidation of production facilities and reorganisation ofUPI - 165 words
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Article798 1977-05-20 12 LONDON. Thurs. The stock market closed generally lower on lack of buying Interest and some profit-taking, dealers said. At 3.00 pm the Financial Times Index was down 6.6 at 470.8. Lone-dated government stocks lost up to W point while shorts were occasionally 1/16 to Vb easier. Leading Industrials798 words
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193 1977-05-20 12 THE Association of Electronic Industries in Singapore has urged Its members to produce more competitive and superior quality goods to survive the uncertain world economic situation. In his annual report for 1976/77, the AEIS chairman, Dr. Wong Kwei Cheong, said the electronic industry, however,193 words
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Article113 1977-05-20 12 MANILA, Thurs. Philippine exports on a customs clearance basis fell slightly to U*****.7 million (*****.3 million) from $251.7 million In March, but were up from the $236.46 million In April 1976. the Customs Bureau said. This brought exports In the first four months of this year to113 words
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129 1977-05-20 12 Reuter JAKARTA, Thurs. Finance Minister All Wardana bu called on foreign banks here to extend help to ■mall Indonesian investors. Speaking st the opening of a new Dutch bank yesterday, he said that Indonesia was facing many challenges and problems such as employment,Reuter - 129 words
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129 1977-05-20 12 Reuter JAKARTA. Thurs. Eight foreign oil companies have accepted Indonesia'• new oil policy which provide* a 20 per cent capital incentive for exploring oil fields in difficult areas, according to Mr. Piet Harjono, director of the state-owned oil company Pertamina. The companies areReuter - 129 words
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730 1977-05-20 12 1976 —active year for UOB in global banking UNITED Overseas Bank has certainly moved Into International banking activities In a big way since last year. It acted as co-managers for several syndicated loans In the Asian dollar market, notably the Industrial Bank of Japan's US$2O million (5549.2 million) 8* per730 words
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210 1977-05-20 12 KVAERNER Brug, a German hatch manufacturer, is transferring Its technology to a local shipyard under a $10 million contract to supply hatch covers to 10 semicon talner vessels being built In Singapore. According to Kvaerner Brug's managing director, Mr. Hanns Ferdinand, yesterday, the210 words
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Article111 1977-05-20 12 AP PULLMAN (Washington), Thurs. Nothing will be gained by the United States If It officially recognises China, the president of the Washington Council for International Trade says. The dream of the Chinese market, I think, is still a dream," Dr. George Taylor of Seattle toldAP - 111 words
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Advertisement192 1977-05-20 12 Your Dream Home Countryside Apartments in the Heart of The City. Ready for your Immediate Occupation. Serene surroundings. Linked with the Botanic Gardens. Extremely Artistic Design coupled with your Ideal Planning. Over 5 1 /2 Acres (22,257m 2 of Land for only 72 units of Apartments serviced by as many192 words
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