The Business Times, 25 May 1977
1977-05-25
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The Business Times
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Title Section10 1977-05-25 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, MAY 25, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article48 1977-05-25 1 Reuter CANBERRA, Tues. Australia today announced new policies towards refugees which should almost immediately affect people In refugee camps In Thailand. The Minister for Immigration, Mr Michael MacKellar, said staff would be stationed In Thailand to process Indochlnese refugees wishing to come to Australia. Reuter.Reuter - 48 words
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Article60 1977-05-25 1 Reuter BANGKOK, Tues. Cambodia had failed to respond to Thailand's efforts for talks to settle border problems between the two countries, Deputy Prime Minister Boonchal Bamrungphong said today. Thailand and Cambodia had suspended their dialogue, conducted through a border liaison office, after 30 Thai villagers were killedReuter - 60 words
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Article36 1977-05-25 1 UPI TOKYO, Tues. The Agricultural Cooperatives Union said today it would demand a uniform 24 per cent Increase In the government's purchase prices for domestically grown wheat, barley and rye this year. UPI.UPI - 36 words
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Article54 1977-05-25 1 Reuter HONGKONG, Tues. Marsh gas Is being used for cooking and lighting in China's countryside, the New China News Agency reported. "Farmers store human and animal wastes, weeds, plant stalks, waste water and garbage In enclosed pits to produce marsh gas through fermentation of the waste material,"Reuter - 54 words
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Article79 1977-05-25 1 AP ASSEN, (The Netherlands), Tues. South Moluccan militants holding more than 150 hostages in a school and on a train in northern Holland demanded the release of 21 jailed countrymen and a jumbo Jet to fly them out of the country, Dutch officials said. The militants setAP - 79 words
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Article30 1977-05-25 1 Reuter HONGKONG, Tues. Tax evaders were caught cheating Hongkong of HKI77 million (Ss4o million) in the last financial year, an Inland Revenue spokesman said today. Reuter.Reuter - 30 words
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Article50 1977-05-25 1 Reuter LONDON, Tues. The Commonwealth summit conference has shortened Its June session here by one day, Commonwealth officials said today. They said the Commonwealth leaders felt they would be able to complete their agenda discussion, starting on June 8, by June 15 Instead of ttM following day. Reuter.Reuter - 50 words
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Article95 1977-05-25 1 UPI NEW YORK, Tues. Stocks headed sharolv lower early today In active trading of New York Stock Exchange Issues amid Investor concerns about rising Interest rates, Increased Inflation and Middle East tensions; The Dow Jones Industrial average, which plunged 13.40 points yesterday was off 5.34 points to 911.72UPI - 95 words
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Chief Price Changes
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Article, Illustration174 1977-05-25 1 MOST share* closed lower in lack-lustre trading at the Stock Exchange of Singapore yesterday. Occasional attempts to rally some third liners proved short-lived as more sellers were drawn into the market. At the close, the Business Times index shed 2.27 points to 275.76 while the Straits Times174 words
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Article100 1977-05-25 1 Falls Most active Talam S.P. Textile 1.20 1.25 -.21 -.1C Central Sugars Perak Carbide 476,000 442,000 Pan Elect 1.87 -.05 Pacific Dev 331,000 S. Trading 5.45 -.05 Hltrh ti Low 1S1 000 Pacific Dev Supreme Corp K.L.K. Deb Lien Hoe 1.55 1.35 1.05 1.39 -.05 -.05 -.05100 words
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Article, Illustration1167 1977-05-25 1 SOH TIANG KING - FOR A BETTER INVESTMENT CLIMATE ■y SOH TIANG KING THE Economic Development Board was yesterday urged to publish a guide on "dos" and "don'ts" in industrial relations In Singapore to help foreign investors to appreciate the situation here. This call was made by the president1,167 words
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Article104 1977-05-25 1 MOSCOW. Tues. Soviet President Nikolai Podgorny was dropped today from membership in the Communist Party's ruling Politburo, Moscow Radio reported. The move appeared to presage Mr. Podgorny's retirement from the Soviet presidency, but this was not announced. Mr. Podgorny, 74, was one of the three men104 words
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641 1977-05-25 1 AP TOKYO Tues. Many of the world's most important bankers were tola today that the existing international economic order systematically discrimates against poor countries. A.M. Nurul Islam, economic secretary of Bangladesh's embassy In the United States, told a meeting of the International MonetaryAP - 641 words
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366 1977-05-25 1 Reuter PARIS, Tues. Millions of French workers went on strike today against the government's austerity programme and unemployment, hitting essential services and public transport but falling to paralyse Industry. The Paris underground service was drastically cut and many stations closed. Railway officials said fourReuter - 366 words
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Article116 1977-05-25 1 Reuter LONDON, Tom UK unemployment this month seasonally adjusted, Ml far the third time in the past four months to MUMO/sr 5.6 per cent, a drop of C.700 from Inst month, tadodiai school Inn vers, the Department at Employment said. Total nnsmplsjsd fell hy 50,559 from InstReuter - 116 words
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200 1977-05-25 1 HAW Par Brothers International Ltd said yesterday that its offer to redeem Haw Par London's convertible redeemable guaranteed preference shares has secured acceptances for only 162,000 shares. In an announcement to the Stock Exchange, Haw Par said that it would extend its offer,200 words
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Article91 1977-05-25 1 LONDON, Tuec. The •tock market staged a dramatic upsurge in late trading today following news that dividend and price restraint will end next year. Those companies which have pledged higher dividend payments once controls were lifted benefited most. The government has agreed to relax dividend, profit margin91 words
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443 1977-05-25 1 SIME Darby Holdings has paid £900,000 In settlement of claims by Shaw Wallace and Shaw Wallace Overseas arising out of its acquisition of R.G. Shaw in 1972. In an announcement yesterday, Slme said the claims made by Shaw Wallace and Its whollyowned subsidiary443 words
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156 1977-05-25 1 Reuter ABU DHABI, Tues. No further bank's, bank branches or financial institutions will be allowed to open In the United Arab Emirates (UAE) until further notice and all financial sriU be brought under trol of the Currency Board. The date of implementation ofReuter - 156 words
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Page 1 Advertisements
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Advertisement25 1977-05-25 1 -s hps ir\ J tk > .t c.» ma, M feV v* >.*Y '/VIUI I II li fch'i La *m ft* \Q V/SgS <? ;V-.,\V V (f)25 words
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Advertisement287 1977-05-25 1 SKILLS^RTIiIiS t Dispense with the usual frills, get the job done quickly and skilfully. Try Manpower for professional temporary help in Dffices, sales, data processing, stores and other categories Call us today! ©MANPOWER *****8 TEMPORARY SERVICES SEE PAGE 2 and 10. The printing calculator that prints numbers in easy-reading thousands287 words
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OVERSEAS
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167 1977-05-25 2 Reuter BRUSSELS, Tues. European Foreign Affairs Commissioner Wllhelm Haferkamp said today Japan had given him a "binding promise" that limits on its steel exports to the Community would be observed, despite increased exports in the first part of this year. Mr. Haferkamp told aReuter - 167 words
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81 1977-05-25 2 Reuter TEL AVIV, Tues. American economist Milton Friedman has agreed to advise a Likud Party Government on ways of curing Israel's ailing economy, the Jerusalem Post reported today. The Nobel prize-winning economist told the newspaper he had accepted an Invitation to come here fromReuter - 81 words
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404 1977-05-25 2 IF UK-U.S. AIR TALKS FLOP UPI LONDON, Tues. US Transportation Secretary Brock Adams said yesterday there Is "a very realistic possibility" American and British commercial flights between the United States and Britain could cease on June 22 If a new bilateral air servicesUPI - 404 words
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Article209 1977-05-25 2 Reuter COPENHAGEN, Tues. One of Denmark's worst labour disputes ended yesterday with agreement by printers at the country's largest newspaper printing house, Berllngske, to end their four-month-old strike. The printers voted by 657 to 88 to accept a peace formula worked out over the weekend by theirReuter - 209 words
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Article183 1977-05-25 2 Reuter BONN, Tues. West German Foreign Minister Hans Dietrich Genscher said today Portugal, Greece and Spain should be Involved in EEC political affairs while negotiations go on for their membership of the Community. This would both add weight to the EEC's foreign political stance and giveReuter - 183 words
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191 1977-05-25 2 AP CHICAGO, Tum. The US Court of Appeals isftissd yesterday to review its earlier decision to allow the Hunt family of Texas to accept delivery of its May soybean holdings. Hie Commodity Futures Trading Commission has charaed that seven Hunt family members andAP - 191 words
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Article62 1977-05-25 2 UPI DACCA, Tues. Yugoslav Deputy Prime Minister Dr. Anton Vratusa yesterday arrived here for a three-day visit with a four-member delegation for talks with Bangladesh President Zlaur Rahman and other government officials. Mr. Vratusa told news men on his arrival that the talks will focus on bilateral relationsUPI - 62 words
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298 1977-05-25 2 AP GENEVA, Tues. The council of the General Agreement on Tariffs and Trade (Gatt) yesterday ordered a top priority inquiry to find out whether a recent US Customs court action against Japanese electronic exports was compatible with the rules of the International trade body.AP - 298 words
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288 1977-05-25 2 UPI WASHINGTON, Tues. East Germany. In an apparent bid to win preferential trade status, has suggested a wide range of expanded trade, government and cultural contacts with the United States, the Washington Post reported today. East Germany also has ■agreed to settle humanitarianUPI - 288 words
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467 1977-05-25 2 UPI GENEVA, Tues. The International Labour Organisation, responding to Sressure from the United tates, has criticised communist and Third World countries for violating some of its key conventions. The Soviet Union, in Srtlcular, is cited for using e law to restrict trade unionUPI - 467 words
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325 1977-05-25 2 UPI WASHINGTON, Tues. Secretary of State Cyrus Vance, who has been out of Washington since almost the beginning of May, Is crossing the Atlantic again this week and will later go to the Caribbean, China and West Asia. The State Department confirmed yesterdayUPI - 325 words
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207 1977-05-25 2 AP BUENOS AIRES, Tues. Latin America formally asked the United States yesterday to grant improved treatment to products entering the American market and to lift trade restrictions against Venezuela and Ecuador. The petitions came during the closing session of a six-day meeting of theAP - 207 words
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167 1977-05-25 2 Reuter LONDON, Tues. World mine production of tin In concentrates totalled 15,400 tonnes In January compared with an upward revised 15,100 In December 1976 and 13,700 in January last year, the International Tin Council (ITC) said in Its May statistical bulletin. This brought theReuter - 167 words
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778 1977-05-25 2 AN ARAB ZURICH IN THE MAKING KUWAIT AP. BEIRUT, Tues. Lebanese financiers are becoming concerned that Kuwait, which opened the first stock exchange In the Persian Gulf last month, may ultimately replace Beirut as the Arab world's No. 1 money market. "The Inauguration of Kuwait's stock exchange Is only theAP. - 778 words
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348 1977-05-25 3 Reuter. TOKYO, Tues. Morgan Guaranty Trust Co board chairman Ellmore Patterson said there Is growing government recognition that detailed regulatory intervention In financial markets Is neither a necessary nor a desirable adjunct of economic stabilisation policy. Mr. Patterson told the InternationalReuter. - 348 words
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242 1977-05-25 3 Reuter TOKYO, Tues. Mr. Maurice Williams, chairman of the OECD Development Assistance Committee, said adjustments In the world's exceptional payments Imbalances were likely to take place much more slowly than anticipated. Earlier, It was expected that adjustments would be substantially resolved by the endReuter - 242 words
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Article, Illustration607 1977-05-25 3 LONDON, Tuesday Reuter THE possibility of UK Government fiscal measures to reflate the economy, raised by Chancellor of the Exchequer Denis Healey a month ago, remains, now as then, "possibility", government officials said. Commenting on newspaper reports that the government Is consideringReuter - 607 words
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950 1977-05-25 3 Reuter TOKYO, Tues. An anticipated slowdown In the growth of commercial bank lending to non-oil less developed countries (LDCs) is not generally expected to force a cut In those countries' economic growth plans, in the opinion of leading bankers and financialReuter - 950 words
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Article55 1977-05-25 3 Reuter WASHINGTON, Tue«. President Carter nominated Mr. Herbert Salzman, director of the Overseas Private Investment Corp, as US representative to the Organisation for Economic Co- operation and Development in Pari*. Mr. Salzman previously served as assistant administrator in the Agency for International Development, theReuter - 55 words
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212 1977-05-25 3 Agencies LONDON, Tues. The publisher of the Dully Mail newspaper, Mr. Vera Hinniw orth, kn fiftiiri the offer of reeigaatiMi by Mr. David Eaglish, the editor of the newspaper, after he apologised pahudy for two major ■tonw Inst Thursday and Friday alleging massive GovernmentbleeaedAgencies - 212 words
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352 1977-05-25 3 WASHINGTON, Tims. AP Reuter THE American domestic petroleum Industry criticised President Carter yesterday for being overly pessimistic about the energy resources of the United States and offered Its own proposals for solving the problem "If we spend the money and effort onAP; Reuter - 352 words
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168 1977-05-25 3 AP ESSEN (West Germany), Tues. Three major West European power supply companies Joined resources yesterday In an effort to coordinate research Into electrically driven vehicles. They are the Electricity Council of London (EC), the Elecrlclte de France (EDF) of Paris and RhelnlschWestfaellsches Elektrlzltaetswerk (RWE) ofAP - 168 words
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Page 2 Advertisements
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Advertisement110 1977-05-25 2 SEE PAGE 11 SEE PAGE 9 Anybody Looking IwFnanoe Needs a Good Minglb! And IBS are just the people who can do the job. On any aspect of finance, International trade, Foreign Exchange, Industrial Financing and a whole broad range of credit facilities designed for your corporate needs. We don't110 words
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Page 2 Miscellaneous
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Miscellaneous42 1977-05-25 2 THE WEATHER WEATHER report for 24 hooro prior to 7.90 p.m. on May 24 at Singapore airport. Maximum temperature Associated humidity Minimum temperature Associated humidity Hours of sunshine Huhfaii in mflMmelrss Total rainfall far thu month Total fainy days for the month42 words
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Miscellaneous229 1977-05-25 2 RADIO TV SINGAPORE 5 3.00 P.M. Opening announcements followed by Classic Keystone Comedy Capers 3.20 Diary of Events (Malay) 3.25 General Hospital 4.05 Faces of Europe Cologne 4.20 Intermission 6.00 Opening announcements followed by Electric Company 6.30 News in Brief 6.35 One Northern Summer The Whale Hunters 0 Sounding Brass229 words
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Page 3 Advertisements
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Advertisement214 1977-05-25 3 How well do you know your Australian Birds? The Qantastic 'OnestoptoLondon'bird Starting June 16th. m VY P* V' r r?i V 4} n t=L3 smm is V V. >.- V r« m t. 7 t if :v- «> ■< *ys /< afr F- a 1 V r. **3 v V214 words
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COMPANY NEWS
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Article312 1977-05-25 4 AFTER overcoming the initial easiness on its separation from the Singapore Krent company, Yeo Hiap ng (Malaysia) appears to be steaming strongly ahead towards buoyant earnings in its second year of operations. For the first half-year ended March 31, 1977 the Malaysian group has produced312 words
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Article73 1977-05-25 4 CONSOLIDATED Home Industries of Australia has recommended Its shareholders accept a takeover offer made by Freeland (Singapore) Pte Ltd. The offer is 80 cents for each of the six million 50 cent ardinary shares. The company said its major shareholders. I.A. and N. Nominees Ltd, instigated preliminary discussions, which73 words
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Article116 1977-05-25 4 PACKAGING materials group, Malaysian Containers has recovered quite strongly from the sharp decline in earnings in the 1975-76 financial period with consolidated pre-tax profit rising 17.3 per cent to M 53.79 million for the year ended March 31, 1977. The improved results incorporate a fairly116 words
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COMPANY MEETINGS
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Article31 1977-05-25 4 THE following company meetings axe due: May 25, 10.30 a.m., Registered Office, at Messrs Tan Toh Hua L Partners, Penthouse Wlsma Mlrama, Jalan Wlsma Putra, Kuala Lumpur.31 words
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15 1977-05-25 4 National Iron Steel Mills Ltd.: May 28,2.30 p.m., DBS Building, 6 Shenton Way, Singapore 1.15 words
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18 1977-05-25 4 May 27, 10.30 a.m., Registered Office, No. 31, Shipyard Road, Jurong Town, Singapore 22.18 words
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Article17 1977-05-25 4 May 27,11 a.m., 18th Floor, Conference Hall, Apollo Hotel, 405 Havelock Road, Singapore 3.17 words
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Article13 1977-05-25 4 May 27, 12 noon, Registered Office, River Valley Road, Singapore.13 words
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Article17 1977-05-25 4 May 30, 2.30 p.m., Straits Trading Building Leboh Pasar Besar, Kuala Lumpur.17 words
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Article18 1977-05-25 4 May 31, 9.30 a.m.. Registered Office, at the Shipyard, Admiralty Road East, Sembawang, Singapore 27.18 words
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Article18 1977-05-25 4 May 31. 12 noon. Ist 1« lIUUII, ISV Floor, Maritime Building, Collyer Quay, Singapore 1.18 words
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Article15 1977-05-25 4 May 31, 12 noon, at DBS Theatrette, DBS Building, Shenton Way, Singapore 1.15 words
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Article18 1977-05-25 4 June 2, 11.30 a.m., Roon 404, ENE-PLAZA (4th Floor), 128 Jalan Pudu, Kuala Lumpur.18 words
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Article18 1977-05-25 4 June 3, 10.30 a.m., 4th Floor, U. 0.8. Building, 1 Bonham Street, Singapore 1.18 words
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394 1977-05-25 4 AIDED by the moderate recovery In the world economy, Taiping Textiles managed to steer itself back on to the profitability path last year when It turned In a tax exempt profit of M 51.72 million against a staggering loss of $2.55 million In 1975. Coming394 words
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Article148 1977-05-25 4 KECK Seng (Malaysia) has been admitted to the official list of the Stock Exchange of Singapore under the industrial section of the second trading section on an immediate delivery basis. Trading In its entire issued share capital of 20 million Msl shares will start148 words
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Article638 1977-05-25 4 Carrsat pnyaMat Ex Dale Data payable Total fcr tbeyoar Total lor previous yea Natkmal Iroa Dvkphi K.blkiTki Ajmmm» latraoe Bata (M) E.NJ. Tractors Malaysia Raieifb Cycle U.E.Ord. L T .E. Prof. Highland A Lowiand SMI Sine Darby Haw Par (Laadoa) (b) U.O.Laaa Gut brie Bousload M.ufc«#r Heat (FMS)Tia638 words
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1074 1977-05-25 4 BENTA Plantations, a member of the Slme Darby Group, which Just managed to scrape through a rather difficult year ended Dec 31, 1970 with pre-tax profit marginally lower at M 55.39 million, expects to Incur a heavy financial burden right through 1978 due1,074 words
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Page 4 Advertisements
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Advertisement161 1977-05-25 4 A word or two about our circulation growth in a language everybody understands 170,000 178,623 160,000 171,293 150,000 140,000 130,000 120,000 100,000 The Sunday Times A The Straits Times The chart tells the story. Simply. Graphically. The most recent quarterly circulation figures for the three months of 1977 ending March161 words
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205 1977-05-25 5 NORTH AMERICAN COMPANIES Reuter THE sale of Irvine Co to Taubman-Allen-Irvlne for U*****.4 million or $40.10 a share was approved by a superior court here late Friday. The approval virtually assured acquisition by the Taubman group. Mobil, which dropped out of the required cashReuter - 205 words
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141 1977-05-25 5 Reuter AMERICAN businesses are experiencing declines in liquidity and are Increasing their borrowing, Continental Illinois National Bank and Trust said in Its weekly newsletter. Internal cash flows are slowing In response to weaker earnings gains while spending for capital projects and Inventories isReuter - 141 words
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Article28 1977-05-25 5 NORTH AMERICAN PHILIPS' subsidiary Magnavox Consumer Electronics has agreed in principle with Matsushita Electric Industrial to market Matsushita's video home system (VHS) tape recorder in the US.28 words
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895 1977-05-25 5 STEPHEN M. AUG - By STEPHEN M. AUG THE staff of a House Commerce Investigative Subcommittee has charged that a member of the Federal Communications Commission holds stock In three companies regulated by the FCC stocks which the commission has determlned that agency employees are not allowed to895 words
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697 1977-05-25 5 NYT PRESIDENT CARTER has clearly Indicated that he will seek ways to reduce the soaring costs of health care In this nation, and hospitals reportedly are already feeling the squeeze. Nevertheless, analysts who follow companies that produce medical devices are confident that the future IsNYT - 697 words
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Article1380 1977-05-25 5 On May 23 TRADING in options on the Chicago Board Option Exchange came to 79,302 contracts on Monday, compared to 84,908 contracts last Friday. OPTION JLY OCT JAN STOCK Aloca 50 81/4 9 93/8 581/4 Alcoa 00 11/4 23/8 31/4 581/4 Am Tel 55 91/2 NOL NOL1,380 words
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169 1977-05-25 5 Reuter A STATE judge has ordered General Motors to show why owners of Oldsmobiles, Bulcks and Pontlacs equipped with Chevrolet engines should not have time beyond June 1 to ask for a new car or an extended warranty on their present vehicle. QM hasReuter - 169 words
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Article82 1977-05-25 5 TWO big American oil companies, Phillips Petroleum and Getty Oil, have agreed to join Italian and Spanish companies to explore for oil off the coast of Mauritania. Phillips said the agreement calls for petroleum exploration on 2.4 minion hectares In the Cape Blanc area extending82 words
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Article129 1977-05-25 5 Reuter LONDON, Tues. Cavenham expects consolidated trading profit to rise to £48.5 minion for the year ended April 2, 1977 from £44.9 million in the 53 weeks to April 3, 1970. The estimate, based on management accounts, was contained In the formal offer document of theReuter - 129 words
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Article62 1977-05-25 5 LONDON. Tues. Profit before tax and minorities at General Accident Fire and Life Assurance was £11.5 million (£ll.l million) In the first three months ended March 31, 1977. Net written premiums on general business amounted to £178.3 million (£154.8 million) and investment Income £18.3 million (£12.562 words
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Article40 1977-05-25 5 LONDON, Tues. UK Department of Trade inspectors have been appointed to investigate and report on the affairs of Orbit Holdings, Orlmsby, stated to have been in the business of Insurance broking as well as credit finance and property development.40 words
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Article53 1977-05-25 5 Reuter LONDON, Tues. The Metropolitan Borough of Stockport is raising £10 million through an issue of 12% per cent corporation stock due March 1985, bond market sources said. The issue, priced at 99 per cent, has a flat yield of 12.374 per cent and a gross yield ofReuter - 53 words
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Article339 1977-05-25 5 ASIAN COMPANIES Reuter HONOKONO, Tues. Swire Properties will offer seven HKsl nominal share for every 10 Swire Cheung Development shares under the scheme of arrangement for Its takeover of the outstanding shares in Swire Cheung. The two companies also confirmed in a statement that theReuter - 339 words
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Article130 1977-05-25 5 EUROPEAN COMPANIES Reuter PARIS, Tues. PeugeotCltroen made a net consolidated profit of 1.43 billion francs on sales of 35.07 billion francs In 1976. The net profit Is after deducting 1.43 billion francs for depreciation and 610 million francs for appropriation to the reserve. Gross self-financing margin was 3.46 millionReuter - 130 words
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Article65 1977-05-25 5 Reuter PARIS, Tues. Cie Francalse des Petroles said it will ask outstanding level of indebtedness on the domestic and international bond markets to the equivalent of 2.5 billion francs over the next five years. The company has about 1.2 billion francs nominal of bonds in Issue on these marketsReuter - 65 words
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Article60 1977-05-25 5 FRANKFURT.Tues. The 100 million mark Eurobond in preparation for Verelngltz Oesterreichlsche Eisen-und Stahlwereke Alpine Montan of Vienna should be for 12 years with perhaps a 6 3/4 per cent coupon, bond dealers said. They said the issue, under management of Berliner Handels-und Frankfurter Bank, will be redemption free for60 words
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Article86 1977-05-25 5 Reuter AMSTERDAM, Tues. The forthcoming DSM US$4O million 10-year debenture issue is expected to have an 8% per cent coupon, Amsterdam-Rot-terdam Bank said. i The issue will be placed by a consortium led by the Amro Bank and Morgan Stanley International, who announced it In Paris earlier. RedemptionReuter - 86 words
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Article39 1977-05-25 5 BASLE, Tues. ste Internationale Pirelli still expects a similar profit for the year ending June 30 to the net figure of 30.7 million francs for 1970/76. Business of subsidiaries in the lirst four months of 1977 was satisfactory.39 words
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Article70 1977-05-25 5 Reuter FRANKFURT, Tues. Spanish motorway building authority Autopistas de Mare Nostrum's planned Eurobond issue will probably total 100 million marks and be floated around the end of this week, bond market sources said. Terms have still not been settled. Lead manager is Dresdner Bank. The bond will beReuter - 70 words
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149 1977-05-25 5 Reuter TOKYO, Tues. The Japanese Cabinet has approved a six-month limit for submitting financial statements after the end of a financial year for public corporations partially owned by foreign governments. Finance Ministry officials said. The measure will enable the Banque Francalse du Commerce Exterieur toReuter - 149 words
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Article78 1977-05-25 5 UPI NAGOYA. Tues. Suzuki Motor reported gross profit of 7.456 billion yen on sales of 215.96 billion yen for the year ended March 31, 1977. Gross profit was 2.5 times more than the preceding year. It attributed the increased earnings to brisk exports of four-wheel vehicles andUPI - 78 words
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Article36 1977-05-25 5 UPI TOKYO, Tues. Chisso. a leading Japanese chemical manufacturer, announced the promotion of its managing director Mr. Sadao Nogl as new president. Mr. Nogi will succeed Mr. Kenichl Shimada who will become board chairman. UPIUPI - 36 words
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Page 5 Advertisements
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Advertisement155 1977-05-25 5 xnJgSLaz MLiSta, pj* «l. c jb jb? jst a Don't Decide Until You See Nossim Mansion Top Locality. Top Quality and Most Artistic Design. Country Apartments in the Heart of the City. Linked with Botanic Gardens. Immediate Occupation. Serene Atmosphere. 24 Hours Security Service. Only 72 units in 5 1155 words
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Article2105 1977-05-25 6 i m High L*w 1 Company t j»ak lala +«rGr'i Dhr e*ir Gr'i F Net P/B V«l Day (*•88) Hlgk Lot 8ECTION ONE INDUSTRIALS 140 133 204 76 212 101 108* 103 219 392 130 127 204 58 212 57 155 152 182 350 Acma Aetna A2,105 words
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Article1283 1977-05-25 6 RID and offer prices officially listed and business in and re|»rted to the Stock Exchange of Btn«apoi« yesterday wtth the number of shares traded shown in brackets in lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Bif Board1,283 words
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Article1195 1977-05-25 6 810 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. INDUSTRIAL* Alcam <1 768 I.SOd). A. Choc (0.728 0.74*8) (1) 0.741. (4)1,195 words
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Article98 1977-05-25 6 STRIKING prices of the stock options officially listed ea the Stock Exchange of Singapore, the periods, bid and offer prices and buaineaa done yeaterday, with the number of options traded shown in brachets. Cold Storage (Sept $2.70) (0.08B) (Dec $2.70) (0.15B) DBB(June $3.60) (0.208) lachcape (June $2.40) (098 words
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Article143 1977-05-25 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Nui|«' price far May 25) (Curreat p rice*) The Commerce 1.64 1.73zd INCOME BOND 1 05 1.11 The 8a ring Fund 0.91 0.96 MARA BUMIPUTRA FUND S pore Prof Fund S pore Security Fund 0.62 0.67 1.46 1.54 (Maaagere' prion First Bumlputra143 words
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Article144 1977-05-25 6 B O T 7 VB% I*4 (100,000) (98VnB 98 %S) B O T 7 5/8% 1984 (50,000 K 1)98 V 4 B O T 8 1/2% 1981 (100,000) (102HB 102%5) B O T 8 1/2% 1981 (50,000X1)102% Keppel 9% 1983 50,000X1)102 Orient Leuiu 8 1/4% 1982 (50,000) (1018 101HS)144 words
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Page 6 Advertisements
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Advertisement137 1977-05-25 6 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 Management: R. Falk Modern Business Enterprise: M. Gilbert Corporation Man: A.137 words
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Article, Illustration403 1977-05-25 7 LACK-LUSTRE trading persisted with very few bright spots at the Stock Exchange of Singapore yeeterday. Occasional attempts to rally some third liner* in the morning proved short-lived, as more sellers were drawn into the market. Thereafter, trading activity slack wind < wislitoi ihlji Inspite of this, loose*403 words
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Article556 1977-05-25 7 SHARE prices eased marginally on some selling pressure at the Kuala Lumpur stock market yesterday. Most of the selling, which was believed to be mainly on profit-taking account, was centred on second and third liners. However, there was no volume to suggest that the market was under556 words
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INTERNATIONAL STOCK MARKETS
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Article315 1977-05-25 7 HONOKONO: The market eased slightly In very quiet traaon Tuesday after Monday's on Wall Street, dealer* said. The Hang Seng index cloeed 0.73 point up at 441.43. Jeidfae Msthsssa roee HKIO cents to 916.10 while Baak, Heagkeag Laae, Hatcklsea and Swire Paeifle were all unchanged and Wkuluk feU 2.S315 words
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Article504 1977-05-25 7 TOKYO: Share prices closed slightly lower after fluctuating narrowly In limited trading In the absence of market factors, dealers said on Tuesday. The Dow Jones average lost 3.73 to close at 5,023.8b with volume 190 million shares. The New Index closed at 377.35, up 0.06. Investors were generally reserved504 words
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Article423 1977-05-25 7 BYDNEY: The market was Bnerally lower on Tuesday, led uraniums, on nervousness ahead of publication of the Fox report on uranium on Wednesday, dealers said. The Bydnev All-Ordinaries Index cloeed 2.28 points lower at 404.76. Pan continental lost 91.70 to 911.30, Queeaslaad mines 13 cents to 92.82 and Katkleea423 words
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Article155 1977-05-25 7 MANILA: The marked firmed slightly In Improved turnover, particularly In mining and oils, though commercials were quiet, dealers said on Tuesday. Total turnover rose to 3.55 million pesos from Monday's 2.89 million. Gainers Included Mariaduque B, PMln B. San Miguel A and Seafroat but Levaata B lost ground. Unchanged155 words
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Article96 1977-05-25 7 MAT M Bahts Asia Fibre Bangkok Bank Bangkok Inveat. Bangkok-Metro-politan Bank Bata Bern Jucker CharoongThal Wire Dam Duslt Thanl Faber Merlin FlrstTrust Indo-Thal Industrial Finance CoiD J And J Ho Jalap rm than Cement Karnasuta LeeKvangMln Metal Box Rama Tower* Safety Insurance Saha Union SermSuk Slam Cement Slam City96 words
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Article268 1977-05-25 7 AMSTERDAM: The market closed weaker In quiet trading on Monday ahead of Wednesday's general elections, bourse sources said. Akso led Dutch Internationals lower while elsewhere losses were headed by KLM, Vaa Ommerea, Ocegriatsa and Gistfcrocades. Insurances were lower where changed. State loans eased. MAY a FU Ahotd 88 50268 words
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Article179 1977-05-25 7 BRUSSELS: The market closed marginally mixed In quiet trading, bourse sources said on Monday. Sofia*, Hobokon, Cockorill, Clabocn, CBR and ArM rose while BruxaUoa I —fcaet. VMlk Moatagao, Mohm, Conotra and biUroMB all feU. Basque Bruxella 1 —It announced a higher dividend on Friday and the premium on the179 words
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Article301 1977-05-25 7 FRANKFURT: Most shares cloeed quietly weaker, market sources said on Monday. Chemicals loot up to 1.70 marks, led by Bast Mercedes niliisg led car shares 2.50 marks weaker. In the banks. Dsatsehs Baak fell three marks. In steels, Maaaesmaaa and Tkyssea each lost 1.30. Engineering shares lost up to301 words
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Article166 1977-05-25 7 MILAN: Stocks were easier In thin trading, with dealers awaiting new development from negotiations between government and opposition parties, bourse sources said on Monday Anic was sharply lower following publication of 1976 losses and poor prospects for 1977. Flat, Montedleee, both PiraUia and Olivetti ordinary all fell, although Olivetti166 words
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Article321 1977-05-25 7 PARIS: The market firmed on buying Interest at the beginning of the new account, dealers said on Monday. Foods, constructions, electrlcals, chemicals and oils were strong, with Carrafeur, Boa, CimeoU Franca la, LMT, CFP and Peckinoy gaining. Banks were mixed. Among foreign stocks golds and coppers eased, oils were321 words
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Article285 1977-05-25 7 ZURICH: The market was irregular with a firmer bias in light turnover on Monday. Lack of stimulating economic news was a restraining factor, dealers said. Swissair continued easier. Banks were marginally mixed. In generally slightly higher flnanclals. Bally rose on buying support. Oarllkaaoßuearla gained also. Insurances were neglected. BBC285 words
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Article381 1977-05-25 7 JOHANNESBURG: Gold shares drifted lower with heavyweights down up to 30 cents and smaller stocks around five cents weaker, dealers said on Monday. Financial minings eased with Johaaioo 25 cents off at 2,375 and Ckartar 32 cents lower at 283. Da Dish moved one cent off the top to381 words
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Article1142 1977-05-25 7 NEW YORK: International Bustnew Machine* and other popular Issues led a broad based stock market retreat on Monday as Investors moved back into the sidelines amid some gloomy economic news. Trading was sluggish. "The market Is dead center because Institutional money managers lack confidence," Mr. John Smith of1,142 words
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Article66 1977-05-25 7 FINANCIAL TIMES INDUSTRIALS Monday 456.5 Friday 461.3 Week ago 466.7 DOW JONES AVERAGE INDUSTRIALS Monday 917.06 Friday a 930 46 Week ago 932.50 LONDON DOLLAR PREMIUM Monday 110* to 110H Friday 110*. to 111* H.K. HANG SENG Monday 440.70 Friday 443 97 Week ago 448.50 i SYDNEY INDUSTRIALS Monday66 words
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149 1977-05-25 7 Reuter PARIS, Tues. Cle National Air France suffered an operational loss of 220 million francs on the Concorde and 198 million francs on the subsonic business In 1976. With these losses, net loss for 1976 rose to 502 million francs compared withReuter - 149 words
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Article52 1977-05-25 7 Reuter LONDON, Tues. Arrangements have been completed for the Issue of US$25 million B*4 per cent guaranteed sinking fund bonds 1987 by Sundstrand Finance International, issue managers S.O. Warburg said. The bonds, guaranteed by Sundstrand Corporation of Rockford, Illinois, will have an Issue price of 99 Vi perReuter - 52 words
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Page 7 Advertisements
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Advertisement368 1977-05-25 7 jmf T«* M S 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 I am! Because Penguin books are rather special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational quite unlike368 words
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COMMODITY REPORTS AND PRICES
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Article700 1977-05-25 8 IN the Singapore rubber inarket yesterday morning, prices were hoisted 1 ft cents at the outset reflecting higher London advices, after which. In very quiet dealings, the market settled at the 196 cents mark for June RSS 1 for the rest of the session. Turnover700 words
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Article29 1977-05-25 8 Rubber: May 24 Singapore: June 195.50 etc (up 1.00 ct.) Malaysia: June 196.25 cU (up 0.75 ct.) Tin: $1,452.00 (unchanged) Official offering: 191 tonne* (down 49 tonnes)29 words
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Article426 1977-05-25 8 -COFFEE regained some of Its bounce In a generally iquiet Singapore produce ■market yesterday. This was despite the easier overnight trend In the London terminal market. Dealers said ihe mark-up followed some Tenewed buying Interest by j<ew York. According to the Singapore Chinese Produce Exchange (SCPE), all grades426 words
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Article100 1977-05-25 8 NOON SSR and SMR price* yesterday July (C» rrcatMtfc) (Forward Mtk) R.A.9. Buy* Hki Buywi a»il»» <oei iup«rk®) (cast laparkf) SSR 20 (1-ton Pallet) 193.50 194.506 195 00 196.00N SSR SO (1-ton Pallet) 191.00 192.00N 192.90 193.90N M.R.E.L.B. SMR 5CV (1-ton Pallet) 218 SO 230. SON 220.50100 words
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Article111 1977-05-25 8 THE following palm oil price* were are elf Rotterdam and are quoted In quoted In London on Monday. The prices US dollar per ton unless otherwise stated Monday Pre*. Malaysia 9* f fa bulk 8umatra9% May June July Aug Sept No* Nigerian 5H ffa bulk Sterling per long111 words
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Article131 1977-05-25 8 THE Straits tin price In Penang yesterday was unchanged at $1,452 on an official offering down 49 tonnes to 191 tonnes. In LONDON yesterday, tin had end morning gains of around £7 for cash and £21 for Three Months in the Standard contract. High Orade was £7 and131 words
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Article337 1977-05-25 8 IN the Singapore gold market yesterday, the kilobar was traded in the range of 5511,610 to $11,650. The loco London gold was quoted In the range of U*****.60/ 146.00. The London morning fix was U*****.80, down $1.70 on the previous fix. Source: Singmas Retail prices per tael quoted by337 words
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Article298 1977-05-25 8 HONGKONG, Tues. Cotton futures closed mixed in fairly quiet trading. Nearby October lost 0.11 US cents and December 0.05 cents while other months were 0.16 to 0.67 cents higher, dealers said. Turnover fell to 54 lots from a revised 64 vesterday. May was untraded, while October and December298 words
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Article92 1977-05-25 8 LONDON, Tues. Lead ended morning trading unchanged for cash and £1.50 higher for Three Months. Three Months traded within a £361 to £364 rate during pre-market and ring business although sales of 8.050 tonnes were predominantly carries. On Monday afternoon, lead closed with losses of mostly £12 per tonne.92 words
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Article95 1977-05-25 8 LONDON, Tues. Zinc closed the morning with losses of £1.50 all round. Three Months traded from a pre-market low of £333 to a ring high of £338 before profit-taking pared the advance. Sales of 4,800 tonnes were mainly carries. On Monday afternoon, zinc on the day lost mostly £9.5095 words
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Article248 1977-05-25 8 LONDON, Tues. Copper wlrebars in the morning rose by mostly £3 per tonne. Three Months traded at £780 Initially and worked erratically higher to a traded ring range of £701 to £793. Sales of 5,725 tonnes were about half carries. Cathodes gained £3.50 all round with sales of 1,500248 words
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Article166 1977-05-25 8 LONDON, Tues. Silver finished the morning with losses of 1.1 to two pence per troy ounce. Prices eased in the premarket reflecting the fall at New York and weakness in gold, But steadied partially in the ring under shortcovering to finish at 273.6 pence for Three months, dealers said.166 words
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Article132 1977-05-25 8 LONDON, Tues. Terminal opened £0.30 to £0.75 per tonne above yesterday's 5 p.m. levels. But up to £0.75 below the kerb close. Sales totalled 292 lots. At end morning values were £0.45 down to £0.40 up In sales of 574 lots. Both London dally raws and whites prices were132 words
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Article205 1977-05-25 8 BANGKOK, Tues. 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 274 100 per cent 3rd 270 5 per cent 259 10 per cent 237 15 per cent 234 20205 words
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Article321 1977-05-25 8 LONDON, Tues. Light but well matched scale down selling took values lower during the opening session, dealers said. Prlvs at end call were £34 to £6 per tonne down on last night. Sept lost £34 at £3,590 while Jly was £27 lower at £3,615 274 lots were traded. Traders321 words
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Article241 1977-05-25 8 CHICAGO, Tues. Soybean futures Monday finished a day of fluctuations with movement on an uptrend and closed with gains in most months. Final prices were 2'/j to 23 cents a bushel higher in all but the July, which finished with a 2Vx cent loss. After showing easiness in nearbys,241 words
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Article148 1977-05-25 8 CHICAGO, Tues. Wheat futures Monday were up two to three cents a bushel around midsesslon on a thin trading volume. Local and professional buying took prices upward as the reports that Uttle rain was received over the weekend In soft winter wheat growing areas and in much of the148 words
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MONEY AND EXCHANGES
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Article489 1977-05-25 8 THE US dollar saw mixed trading In thin conditions In the Singapore foreign exchange market yesterday. Against the Japanese yen, the dollar firmed from the opening of 277.50/60 yen and nit the day's high of 278.00/20 at one stage. It eased with London's entry into the market here to489 words
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Article168 1977-05-25 8 Asian rates ASIAN currency deposit interbank rales u at close on May 24 U8IMIa n(8pM) 7 days SM 5 1/3 1 rath 5 13/16 5 11/16 2 mlhs 5 15/16 5 13/16 3 mlhs #1/4 6 1/6 6 mlhs 6 1/1 6 3/8 8 mths 6 5/8 6 1/2 12168 words
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Article43 1977-05-25 8 RANOE Of prt< hAiiaM MI Hat m offered by dtacou r 24 nuum uii w*j Ovemlcht 1' Call deposit lk« to M 1% 3-Month Treasury bills 3-Month Bank Mils 3-Month* CD OMk| s nt 4 3% 4W 4* 4 7/1* 4 4/1443 words
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Article115 1977-05-25 8 Euro rates LONDON, Tues. Eurodollar deposit rates opened basically unchanged In continuing fairly quiet trading, dealers said. Periods were very steady but gains of tt In Three Months and 1/16 In one year reflected Friday ends of periods. Usual early Singapore Interest was light and business on rollover account Is115 words
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Article235 1977-05-25 8 LONDON. Tues. The 1 dollar showed a firm under- < tone In moderate opening trading here with the harder trend In US shortterm interest rates the main factor, dealers said. Other European currencies traded quietly with the French franc showing lit tit reaction to today's i general strike and235 words
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Article222 1977-05-25 8 NEW YORK, Tues. The dollar yesterday closed stronger on balance than on Friday after rallying as trading volume began to pick up after the Forex Club meeting in Switzerland, dealers said. A slight firming in US short-term Interest rates despite New York Federal Reserve Bank intervention in the222 words
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Article126 1977-05-25 8 TOKYO, Tues. The US dollar firmed, closing at 277.85 yen for overnight delivery, up from 277.80 at the opening and 277.30 at yesterday's close. The firmness followed the Bank of Japan announcement of a 0.25 per cent reserve deposit ratio for commercial banks' shortterm external liabilities from June 1126 words
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Article93 1977-05-25 8 HONGKONG, Tues. The Hongkong dollar firmed to 4.6030/ 50 on some profittaking, after falling to around 4.70 from Monday's 4.6975/85 close, with a slight tightening In short term local interest, dealers said. The mark was quite active In early trading and closed at 2.3642/50 from 2.3657 In New York,93 words
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Article54 1977-05-25 8 Minimum lending rates (in acbc Algemene Bank Citibank Bangkok Bank 7 HSBC 7 Bank of America 8*4 Indosuez Bank of China ..7 Malayan Banking 6\ Bank of Tokyo 6*. Mitsui Bank Bank Necara Indonesia 7 OCBC OUB 6 l Chartered Bank 6*. UCB 7 Chase Manhattan 6* UMBC 7 DBS54 words
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Article41 1977-05-25 8 ZURICH exchanges closing quotes on May 23 US 2.5178-5185 UK 4.3235-3255 Can 2.3990-4000 W Germ 106.55-61 Neth 102.35-45 France 50.77-80 Belg 6.97V,-98K Denm 41.96-99 Norw 47.72-75 Swed Italv 0.2841-2844 Austria 14.97-99 Port 6.50-52 Spain 3.64**-65 Vi Arg 0.60-75 Japan 0.90^-90^41 words
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Article32 1977-05-25 8 FRANKFURT exchanges opening quotes on May 24. US 2.3646/56 Can 2.2520/40 UK 4.056/066 Neth 96.04/14 Switz 93.75/85 Italy 2.665/675 France 47.60/70 Norw 44.68/74 Belg com 6.539/549 Belg fin 6.52/53 Japan 0.8510/2032 words
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Article10 1977-05-25 8 AUSTRALIA/ NZ exchanges quoted on May 24 were unavailable.10 words
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Article310 1977-05-25 8 LONDON, Tues. Straight dollar bonds continue basically unchanged in relatively active trading, dealers said. Convertibles were quiet with US dollar Issues up to one point lower in places reflecting the easier trend on Wall Street yesterday. Japanese bonds were largely unchanged. LONDON Eurobond prices quoted on May 24310 words
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Page 8 Advertisements
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Advertisement37 1977-05-25 8 xX ;v" K zu? Peter Benchley 'Better than JAWS, ever escalating shocks' r -TIME 'Cracking entertainment' -DAILY TELEGRAPH 'For the second time -the txx>k you can't put down' DAJLY HAIL Now on Sale at your regular bookshop37 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration728 1977-05-25 9 AFTER ONE YEAR OF COMMERCIAL FLIGHT TO THE UNITED STATES WASHINGTON, Tuesday UPI Reuter THE Concorde supersonic transport has completed one year of commercial flight to the United States, and the Federal Aviation Administration says the SST's report card looks good. In oneUPI; Reuter - 728 words
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480 1977-05-25 9 LONDON, Tue#. Reuter THE United States will [>roceed with Its own new eglslation regarding shlplng if no common agreement is reached by the Inter-governmental Maritime Consultative Organisation (IMCO), US Secretary of Transportation Brock Adams said here. But Mr. Adams told a press conferenceReuter - 480 words
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Article178 1977-05-25 9 AP LONDON, Tues. Steady rate conditions continued In most areas of the London freight market yesterday. But the US Gulf revealed a weaker tone for large bulk carriers when the 74,000tonne Varangfjell accepted US$4.6O (FI0) for a MayJune shipment to Rotterdam. Smaller vessels In the US GulfAP - 178 words
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Article104 1977-05-25 9 Reuter CANBERRA, Tues. British Airline chief Mr Freddie Laker said here yesterday he wanted to operate cheap tourist flights between Australia and Britain and Europe. Mr Laker, chairman of Laker Airways, said he intended asking the Australian Department of Transport for permission to start the service on whichReuter - 104 words
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Article588 1977-05-25 9 ARRIVALS Service Local Operator Number Time From TMA TL304B 0530 TPE MAS MH682 0810 KCH CAL CI816 1000 HLP CPA CX710 1000 HLP SIA SQ211 1015 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK THAI TG981 1050 BKK GIA GA908 1100 MES PAL PR501 1115 MNL588 words
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195 1977-05-25 9 A FOUR-MAN French film crew arrived in Singapore last week to shoot footage for Scan Dutch, a consortium of five European shipping lines. The promotional film will feature activities related to Scan Dutch's agents in the Far East and the various shipping operations of195 words
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Article71 1977-05-25 9 The Port of Singapore Authority yesterday advised all ships to keep clear of the capsized vessel mv Kadlna which is located at latitude one degree 16' 39"N and longitude 103 degree 52' 35.3"E with its starboard bilge keel visible above high water. A green conical71 words
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Article53 1977-05-25 9 S.L.S. Bearings of Singapore has Just Installed a NOVA 3/12 mini-computer to help cope with its high volume billings. The computer will enable S.L.S. Bearings to update its Inventory and accounts receivables. The computer system will help generate timely sales statistics and management reports to facilitate the53 words
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Article121 1977-05-25 9 THE Telecommunication Authority of Singapore (Telecoms) has Introduced the maritime satellite telex service to enable better communication between local subscribers and ocean-going vessels equipped with MAR 18AT terminal equipment. It said yesterdav: "In contrast to poor quality and unreliable marine radio communication, satellite communications are unaffected121 words
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334 1977-05-25 9 Ford shows off its new mini the Fiesta DETROIT, Tues. Ford Motor Co. unveiled a new Imported mlnlcar yesterday that bears a remarkable resemblance to the Volkswagen Rabbit. The new car, the Fiesta, Is built at Ford's Saarlouls assembly plant In West Germany and will be the American car maker's334 words
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Article, Illustration402 1977-05-25 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge Kim Lian Ho-3 (0700 29/30 Bunga Mas (2300) 18 Ceuta (SXNB) (1230 45 Cherry Vllja (B. Barge) (2300 tbc) 42/43 Hong Soon (0700 after King Sun) 22 Joan D'arc (0600 after Neptune Jasper) 23 Kerguelen (2200 after Makeverett) 8/9 Manoloeverett (0530) (D/L)402 words
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Page 9 Advertisements
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Advertisement398 1977-05-25 9 Vacheron Constantin Rare watches for the exclusive few who demand the ultimate At Vacheron Constantin, we create watches for very select people. In former generations, royalty and nobility numbered among them. Today, our watches are sought after by the elite in all countries. And, you can be sure, their tastes398 words
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Article1322 1977-05-25 10 FT DUBAI, already the most developed trading and Insurance centre in the Oulf, is now seeking for itself and the United Arab Emirates generally a middle way on the development of Insurance capacity between Arab aspirations and the ambitions of foreign underwriters to share In growingFT - 1,322 words
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Article, Illustration1264 1977-05-25 10 ANTHONY WINNING - By ANTHONY WINNING Reuter WATCHING Jacques Chirac and speculating on what he will do next to challenge President Valery Olscard d'Estalng has become the main spectator sport In French politics. With momentous general elections now less than a year away, the main questionReuter - 1,264 words
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1108 1977-05-25 10 ALY MAHMOUD - By ALY MAHMOUD AP WEALTHY Persian Gulf countries are earning millions of dollars by providing the rest of the world with oil, but they are still a long way from having enough fresh water for their own people. "More than oil, freshAP - 1,108 words
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Article, Illustration1209 1977-05-25 10 KENNETH MARSTON - By KENNETH MARSTON FT DIAMONDS are stunningly beautiful, rare and hard. And as with some of the women who are reflected in them, they require a great deal of understanding. That really is what this article Is all about. It cannot tell you howFT - 1,209 words
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Page 10 Advertisements
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Advertisement152 1977-05-25 10 GAMBLERS HANDBOOK fjs Hers eS SP pi# tp I Ca v sfl r pi 16/. by E. Lenox Figgis F.C.A. A practical handbook explaining how hotting takes place on the world's most popular betting pastimes, including horses, dogs, football pools, sporting events, casino games, such as craps, roulette, etc., sweepstakes,152 words
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Article, Illustration458 1977-05-25 11 UPI Reuter JAKARTA, Tues. Minister of Mines Mohammad Sadll said yesterday Indonesia could give no guarantees for future oil contract stability for foreign contractors, apart from that provided by a more institutionalised form of decision-making. Mr. Sadll, addressing the annual conference of the Indonesian PetroleumUPI; Reuter - 458 words
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Article, Illustration478 1977-05-25 11 KUALA LUMPUR, Tues. The Malaysian Rubber Development Corporation Berhaa (Mardec) charted further success In its drive to penetrate the Japanese market when two major rubber companies Yokohama and Brldgestone decided to send a special technical mission to Malaysia in July to look Into the478 words
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Article379 1977-05-25 11 UPI CANBERRA, Tues. Australian Prime Minister Malcolm Eraser announced today a 10-point control plan the government will Implement on uranium exports, if the second report of the Ranger uranium environmental Inquiry gives the green-light on uranium mining in Australia. Mr. Fraser said the Australian decision for aUPI - 379 words
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Article152 1977-05-25 11 Reuter BANGKOK, Tues. Mr Robert Oakley, the US Deputy Assistant Secretary of State for East Asia and Pacific Affairs, arrived In Vientiane today for a visit to Laos, an American Embassy spokesman said. Mr Oakley, on his arrival in Bangkok last Sunday, did not disclose theReuter - 152 words
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Article135 1977-05-25 11 AP JAKARTA, Tues. Voting In Indonesia's May 2 Parliamentary election has been postponed Indefinitely In some inland areas of the Jungied province of Irian Jaya for security reasons, the secretary general of the election committee said today. Ma J. Gen. Supra to told reporters theAP - 135 words
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326 1977-05-25 11 JAPAN Air Linos (JAL) may run more services between Tokyo ud Sinespore if ever the new Tokyo International Airport at Narita goes into operation. This was disclosed by Mr. A. Yoshihashi, JAL's Singapore and regional manager who laid the Japanese Government hoped326 words
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Article94 1977-05-25 11 Reuter TOKYO, Tues. Japan's soybean Imports In April fell 14.5 per cent to 344,407 tonnes from 402,625 In March, while their value fell 10.3 per cent to US$lO4 million (Ss26o million) on c and f Japan basis from $116 million the previous month, custom clearance statistics showed. AprilReuter - 94 words
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Article52 1977-05-25 11 Reuter TOKYO, Tues. Japan's natural rubber imports feU slightly in April to 25,744 tonnes from 25,983 tonnes in March, according to custom-cleared trade statistics. The April total comprised 19,723 tonnes from Thailand, 2,450 from Malaysia, 2,265 from Indonesia, 150 from Sarawak, 65 from Singapore and 1,091 from elsewhere,Reuter - 52 words
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Article168 1977-05-25 11 SIOMA Textiles Co. (Pte) Ltd. fUed a suit at the High Court yesterday, claiming $77,155.58 from Polyknlt (Pte) Ltd. The sum was allegedly due for goods sold and delivered to the defendant. Far Eastern Bank Ltd. also filed two suits totalling $58,615.27. The first was agftinst Kwang168 words
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594 1977-05-25 11 Reuter UPI TOKYO, Tues. Alerted by the recent agreement on Japan's limit of colour TV set exports to the United States, the Japanese steel industry will shortly urge the government to start negotiations with the United States on conclusion of a similarReuter; UPI - 594 words
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433 1977-05-25 11 Reuter TOKYO, Tues. The Bank of Japan announced that it has set a 0.25 per cent reserve deposit ratio on commercial banks' shortterm external liabilities effective on June 1. The bank said this will absorb an equivalent of 20 billion yen (Ssl7B million)Reuter - 433 words
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Article130 1977-05-25 11 Reuter TOKYO, Tues. Contracts, export and import combined, concluded by Japanese traders at the bi-annual Canton Trade Fair ended in south China on May 15 amounted to U***** million (SS9I2 million) the International Trade Promotion Association of Japan (Kokubosoku) reported. This compared with $250 million at theReuter - 130 words
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Article81 1977-05-25 11 THE recent 13-member trade mission to the 12th Tokyo International trade fair is expected to reveal the results of its trip to Japan shortly. The mission was headed by the senior assistant director of the Trade Department, Mr. Ng Chon ChoO, who was accom- panied by another81 words
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342 1977-05-25 11 Reuter BANGKOK, Tues. The Bank of Thailand said Thailand's balance of payments and trade deficits would rise this year. The bank earlier reported Thailand's 1976 balance of payments deficit narrowed to US$4.5l million (8911 million) from $142.9 million In 1975, while customs departmentReuter - 342 words
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Article88 1977-05-25 11 Reuter BANGKOK. Tues. The Bank of Thailand said the government should set up an agency to prepare a detailed programme for utilisation of the country's natural resources. The most crucial problem facing the country is the lack of a comprehensive policy for conservation and allocation of these resourcesReuter - 88 words
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Article111 1977-05-25 11 UPI LONDON, Tues. Hitachi, the Japanese television and hi-fi company, promised yesterday that if It is allowed to open a factory in Britain it will import fewer sets. The announcement came as more than 100 trade unionists demonstrated In protest at the factory plans, which theyUPI - 111 words
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218 1977-05-25 11 LONDON, Tues. In its annual report published today, the Commonwealth Development Corporation highlights substantial new planting of oil palms In Sabah and Sarawak, rubber in Sabah and sugar cane in Kedah. It also tells of additional beef cattle herds in Pahang. The Corporation states that218 words
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Page 11 Advertisements
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Advertisement417 1977-05-25 11 NOTICES IT WidilJAliiiiMlM TWO OUTSTANDING FREEHOLD HOTELS i» t 4 DIANELLA HOTEL Cnr. Alexander Dr. Waverley St., Dianella. Drive-in bottle shop. Swimming pool. 22 Motel suites. MORRIS HOTEL Cnr. Barnes Morris Rds. INNALOO 2 main bars. Function/Dining room. Bottle shop, accommodation suites. For sale SEPARATELY with VACANT POSSESSION. BY AUCTION417 words
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Advertisement495 1977-05-25 11 THE BANKRUPTCY ACT CHAPTER 18 (1970 ED) IN THE HIGH COURT OF SINGAPORE In Bankruptcy No. 860/76 re: Henri Wong Bok Fun Ex parte: International Associates Prlvatf Limited trading as Troplcana Theatre Restaurant Nlteclub Creditors To:Henri Wong Bok Fun, No. 4-E, Bedok Avenue, Singapore. NOTICE OF ADVERTISEMENT TAKE NOTICE that495 words
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Article185 1977-05-25 12 LOCAL shipyards are not phased with two local shippiag Hues for giving $86.7 million worth of coa tracts for three taahors to a Norwegian yard at a time whoa the local industry is facing stiff competition from foreign shiphvUdsrs Cor now orders. The shipping firms185 words
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85 1977-05-25 12 THE $13 million Joint venture between Xeppel Shipyard and Filipino Investors, Keppel Philippines, has started operations although construction work on the shipyard is still under progress. A Keppel spokesman said that the shipyard, in Batangas, Is now building a deck barge for a Filipino tug85 words
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544 1977-05-25 12 Reuter CANBERRA, Tues. Australia's voluntary wages and prices freeze ended today with a pay boost for six million workers. The death knell of the Illfated government-spon-sored voluntary pay pause was sounded by Prime Minister Malcolm Fraser after the National Arbitration Commission announced pay risesReuter - 544 words
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709 1977-05-25 12 AP UPI WASHINGTON President Carter la resuming his personal Involvement In the increasingly serious Middle East situation In two days of talks with Saudi Arabia's Crown Prince Fahd. The discussions with Prince Fahd, beginning with today's White House arrival ceremony, marks the next toAP; UPI - 709 words
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Article788 1977-05-25 12 LONDON. Tues. Equities were ntgher today In moderate activity and at 3.00 pm the Financial Times index was up 12.7 at 469.2. Moderate gains among leading stocks were extended alter mid-session on news that the government's power to control lividends and profit margins will end in July next788 words
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Article155 1977-05-25 12 UPI BRUSSELS, Tues. Crude steel production In 29 of the world's leading, noncommunist steel-making countries dropped 3.2 per cent In April compared to April, 1976, figures released by the International Iron and Steel Institute showed today. The overall total was 36,303,000 tonnes In April, 1977, comparedUPI - 155 words
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331 1977-05-25 12 Reuter TOKYO, Tues. SovietJapanese relations, at a low ebb since last September's MlO-25 incident, today appeared to be moving towards Improvement with a announcement of the t here of a Soviet state minister and agreement to hold a non-govemmental meeting In autumn. TheReuter - 331 words
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290 1977-05-25 12 THE Singapore and Philippine Governments yesterday signed a new air services agreement permitting the national carriers or both countries to operate more flights between here and Manila. The new pact allows Singapore Airlines and Philippines Airlines (PAL) to run seven services a week290 words
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Article82 1977-05-25 12 ELEVEN producers- and exporters of French foods will be holding an exhibition at Ming Court on Friday. The 15-member mission will arrive here tomorrow and is expected to hold talks with local Importers of French foods the exhibits are mostly canned foods, cheeses, wines and spirits.82 words
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1396 1977-05-25 12 Reuter HONGKONG, Tues. Issuing activity onlhe newly created Hongkong dollar offshore bond market is likely to slow down following the announcement of three Issues totalling HKS6SO million (Ss34l million) sources said. Further issues bearing interest free from Hongkong's 15 per cent withholding taxReuter - 1,396 words
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589 1977-05-25 12 MANILA, Tues. President Marcos today said he will discuss with Singapore Prime Minister Lee Kuan Yew the role of Japan In the development of Asean. Official sources said Mr. Lee is expected In Manila for an overnight stop over the weekend589 words
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347 1977-05-25 12 THE Minister for National Development and Communications, Mr. Llm Kim San, will be asked at Friday's sitting of Parliament If the Government will be taking measures to stimulate the building and construction industry. The question, by Mr. Ivan Baptist, MP for Potong Paslr, will347 words
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Article58 1977-05-25 12 THE Newspaper and Printing Presses (Amendment) Bill will be among the government bills to be introduced in Parliament at its next sitting this Friday. It will be introduced by the Minister for Culture and Science and Technology. Another bill, the Environmental Public Health (Amendment) Bill will be introduced58 words
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Article256 1977-05-25 12 THE East Asiatic Co. Ltd.'s (EAC) $160,943 41 claim against Hup Tat Sawmill Co. was withdrawn yesterday, after settlement was agreed during an adjournment. Mr. M. Karthigesu, the lawyer for the plaintiff, asked for leave to withdraw the petition after the adjournment in the morning. The defendant256 words
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