The Business Times, 26 May 1977
1977-05-26
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The Business Times
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Title Section10 1977-05-26 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, MAY 26, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article79 1977-05-26 1 AP TOKYO, Wed. Japanese, US and Saudi Arabian firms are to study the feasibility of building a plant capable of producing 1,814 tonnes of methanol a day In Saudi Arabia, Mitsubishi Oas Chemical Co. of Japan announced. Mitsubishi gas officials Identified the firms participating In the projectAP - 79 words
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Article55 1977-05-26 1 UPI TOKYO, Wed. Mexico expects to earn US$9OO million (552,214 million) through overseas oil sales this year, Gustavo Romero Kolbeck, director general of the Banco de Maxlco said. He predicted that by 1082, Mexico's oil exports will reach a volume of 1.1 billion berrels a day, more thanUPI - 55 words
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Article110 1977-05-26 1 Reuter NEW YORK, Wed. The American steel industry today launched an aggressive campaign to combat imports from Japan and Western Europe. The American Iron and Steel Institute released a study commissioned from a private research organisation which purported to show that Japanese and European steelmakers were sellingReuter - 110 words
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Article80 1977-05-26 1 Reuter LONDON, Wed. Commonwealth secretarygeneral Shrldath Ramphal, without naming Ugandan President Idl Amln, said today It would be Idle to pretend there were no difficulties over attendance at the Commonwealth summit conference here next month. Mr. Ramphal said the right of every head of government to attendReuter - 80 words
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Article102 1977-05-26 1 UPI PARIS, Wed. French retail prices shot up 1.2 per cent In April, French press reports said. It was the biggest one-month rise since the same rate was registered In October 1974. The reports were said to be based on calculated leaks by the government, which thusUPI - 102 words
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Article117 1977-05-26 1 UPI NEW YORK, Wed. Bargain hunters drove prices higher early today In fairly active trading of New York Stock Exchange Issues as the stock market tried to recover from four losing sessions. The Dow Jones Industrial average, which had lost 29.51 points during the previous four sessions, wasUPI - 117 words
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Chief Price Changes
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Article, Illustration163 1977-05-26 1 TRADING at the Stock Exchange of Singapore ended on an easier note yesterday. Attention was still focussed oa Central Sugars which saw 336,000 units changing hands to end one cent higher at $2.34. The Business Times index fell 3.19 points to 272.26 while the Straits Times Industrial163 words
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Article107 1977-05-26 1 Falls Most active M Banking 3.90 -.16 Perak Carbide Central Sugars 481,000 S. Trading 5.35 -.10 323,000 Sel Dredge 5.00 -.10 O. Lumber 235.000 Tronoh 3.30 -.10 Pacific n»v 142.000 S.P. Textile 1.17 M.U. Industries 139 Hume (M) 1.40 JardlneSea 1.70 M. Tobacco 5.30 O.C.B.C. 6.65 High107 words
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829 1977-05-26 1 JOHN TAN - OTC PUT INTO RECEIVERSHIP »y JOHN TAN TWO International banks in Singapore stand to lose as much as $61 million from their loans to Overseas Textile Company which they have Just put into receivership. Moscow Narodny Bank and Banque Nationale de Paris have829 words
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Article238 1977-05-26 1 Reuter JAKARTA, Wed. Asean and Australia today ended a two-day dialogue In Solo, central Java on Australian aid for Joint Asean economic projects, conference sources said. The dialogue also dealt with plans for the leaders of Australia, New Zealand and Japan to have talks with those fromReuter - 238 words
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Article97 1977-05-26 1 AP WASHINGTON, Wed. President Carter said after meeting with Crown Prince Fahd of Saudi Arabia, that the Arabs had not threatened to Impose another oil embargo to pressure the United States in Its dealings with Israel. Ending two days of discussions with Fahd, the President said: "AsAP - 97 words
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384 1977-05-26 1 UPI TOKYO, Wed. Kuwait has launched a campaign to boycott Japanese electric appliances manufactured under licensing agreements with RCA Corporation of New York, government officials said today. The officials said the campaign, spearheaded by the Arab boycott league, has affected at least three Japanese electricUPI - 384 words
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Article426 1977-05-26 1 AGENCIES ABU DHABI, Wed. Banking authorities in this Persian Oulf oil region today ordered the Bangladesh government-owned Janata Bank to halt all operations in the United Arab Emirates. Sources said the Janata Bank needed US$lO million (8524.6 million) to remain afloat. Its troubles andAGENCIES - 426 words
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301 1977-05-26 1 AP BANGKOK, Wed. Many foreign companies are Interested In Investing in Thailand and want to use It as a base to export their products to other members of Asean, a senior official of Business International (BI) said today. William Rosenthal, BI operational directorAP - 301 words
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Article73 1977-05-26 1 Reuter MANILA. Wed. The Philippines plans to acquire more than 100 vessels over the next 10 years to help inter-island transport in this archipelago of more than 7,000 islands, official sources toki Reuter today. The plan, drawn up by the government's Marltime Industry Authority (Marina), is expectedReuter - 73 words
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255 1977-05-26 1 THE Development Bank of Singapore yesterday confirmed that it has taken an equity interest in a major Arab bank, the Banque Arabe et International D'lnvestissement (BAII). This is believed to be the first time a bank, other than the major Western and Japanese255 words
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Article59 1977-05-26 1 JURONO Alloys, a local engineering firm, will produce steel and Iron castings in Its foundry from July as part of a $4 million expansion plan. A British expert will arrive In Singapore soon to conduct ln-plant training for local workers In moulding and other skilled jobs. Currently,59 words
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316 1977-05-26 1 Pan-Electric shock a 64pc profit dive PAN-ELECTRIC Industries yesterday reported a 64 per cent plunge in group pretax profit to $5.34 million for the year ended Dec 31, 1978. The profit setback comes after three years of rapid growth with group pre-tax profit rising from $5.49 million In 1973 to316 words
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137 1977-05-26 1 Reuter JAKARTA, Wed. The Indonesian government has decided to simplify the procedures for capital investment here in a bid to attract more foreign capital, a spokesman of the Investment Coordination Board said today. The decision was taken yesterday at a Cabinet meeting led byReuter - 137 words
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Article81 1977-05-26 1 TOKYO, Wed. The United States will suffer a record trade deficit of around US$23 billion (5556.7 billion) In 1977, US Treasury Secretary Michael Blumenthal said In a speech delivered at the International Monetary Conference (IMC). > "The current accounts l position of the US has r already81 words
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Page 1 Advertisements
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Advertisement43 1977-05-26 1 Colour TV is simply great SEE PAGE 2 Overseas Nawa/TV ft OwNuStocb P7 Radio -P2 fwilHn -PS Owimi Triaipirt ft NwWFMtan —PI P—wiikuft—< -PI Local Co Now. -Pi Faatwaa -Pit lalaraartoaol Co N«wi- PS Local ft OfWMU Local Stock* -N Nan PH. 1*43 words
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Advertisement98 1977-05-26 1 Stay competitive by your machinery Modern industry demands more of the manufacturer. Maintaining that competitive edge often calls for higher technology. And heavy capital investment. Leasing is one solution for the manufacturer who needs to conserve much-needed capital. r Hong Leong Finance offers a wide range of flexible lease plans98 words
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Advertisement154 1977-05-26 1 AC2508 SINGAPORE 14 Shaw Road Singapore 13 Tel: *****1/*****7 SEE BACK PAGE SEE PAGE 2 m ■■-v: t s 11 1 I v> 51 y/gZ?''' ■■< <■*?*»*> fx#** ffWrjafcJWgWww Fly Cathay Pacific to beautiful Penang. Prom Singapore to Penang and return or on to Hong Kong. Cathay Pacific hostesses from154 words
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OVERSEAS
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557 1977-05-26 2 Reuter PARIS, Wed. The "North-South dialogue" between rich and poor nations seems likely to cost the United States and Its Industrial allies US$l billion (552.46 billion) In extra aid to the Third World. In return, the Americans, Europeans andReuter - 557 words
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161 1977-05-26 2 Reuter NEW YORK. Wed. A federal fudge yesterday declared unconstitutional a New York state law tkat allows striking workers to collect unemployment inJudge Richard Owen said in part that the law in offset forces an employer to finance a strike hy his own workers* UnemploymentReuter - 161 words
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Article263 1977-05-26 2 Reuter NEW YORK, Wed. The aluminium Industry conference, comprising presidents of local unions In the Industry, yesterday voted to approve a new three-year contract, a spokesman for the United Steelworkers of America said. He said the vote was 47-to-one In favour of the new contract, whichReuter - 263 words
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Article120 1977-05-26 2 Reuter MONTREAL, Wed. The Liberal Party of Prime Minister Pierre Trudeau retained four seats in parllmentary by-elections In Quebec yesterday, providing a much-needed boost for his efforts to keep the predominantly Frenchspeaking province in a united Canada. The Liberals held off the challenge of opposition candidatesReuter - 120 words
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197 1977-05-26 2 Reuter LONDON, Wad. A Price# Department spokesman said today that the only way dividend controls could continue after July next year would be if powers were ■ought under a completely new bill. It was announaed yesterday that the British government's power to control dividendsReuter - 197 words
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476 1977-05-26 2 Reuter HONGKONG, Wed. The Bank of England continued support for sterling by forward purchases on a moderate scale, and the spot rate firmed in late trading to U551.7168/70 after remaining stable at 1.7162/66 for most of the day, dealers said. In LONDON yesterday,Reuter - 476 words
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235 1977-05-26 2 Reuter WASHINGTON, Wed. The House of Representatives yesterday approved a US$3.2 billion (SS7.B billion) foreign aid bill Including provisions aimed at strengthening President Carter's diplomatic Initiatives in southern Africa and West Asia. During a spirited debate on US-African policy, the House overrode strong conservativeReuter - 235 words
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435 1977-05-26 2 Reuter NEW YORK Wed. The current economic recovery should continue for about another year, the National Association of Purchasing Management said. According to a survey, 79 per cent of responding members think 1977 will be better than 1976 and only nine perReuter - 435 words
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Article105 1977-05-26 2 Reuter WASHINGTON, Wed. Imports of cotton, wool and man-made fibre textiles during March amounted to 343 million sq. metres equivalent, nine per cent greater than In February, but 14 per cent less than the level of Imports In March, 1978, the Commerce Department reported. This brought theReuter - 105 words
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Article88 1977-05-26 2 Reuter BONN. Wed. The German cabinet Is almost certain to approve today a DM6OO million (***** million) boost to the Federal labour office's 1977 eb creation programme, a ibour Ministry spokesman said. Just over half the DM6OO million will be spent on nor- mal jobReuter - 88 words
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Article110 1977-05-26 2 Reuter WASHINGTON, Wed. The Federal Trade Commission (FTC) ordered Its general counsel to seek court enforcement of subpoenas Issued to six oil companies for information about their refining business. The subpoenas were Issued to Atlantic Richfield, Mobil Oil, Shell Oil, Standard Oil (Indiana), StandardReuter - 110 words
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Article63 1977-05-26 2 Reuter WASHINGTON, Wed. The US Senate Energy Committee gave support to a new bidding system for offshore oil leases that is designed to help Independent oil producers compete against the big oil companies. The committee decided to keep the so-called variable royalty bidding system In a billReuter - 63 words
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Article81 1977-05-26 2 Reuter JERUSALEM, Wed. The Israeli pound was devalued by 1.9 per cent from last midnight (2299 OMT), the Ministry of Finance announced. The devaluation against a basket of European currencies, last fixed two months ago, was from 9.42 to 9.60 I sraell pounds, bringing the Israeli pound's dollarReuter - 81 words
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Article252 1977-05-26 2 Reuter LONDON, Wed. The mass-selling Daily Mail today rejected a charge by Prise Minister James CoHnghen that a desire to smear his Labour government lay behind the paper's allegations of bribe-paying abrsai by the state so nod British Ley land motor firm. In a message toReuter - 252 words
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Article, Illustration1303 1977-05-26 3 SAVE OIL AND MAKE LESS MONEY SAYS BLUMENTHAL TOKYO, Wednesday Reuter UPI RICH countries must get used to the idea of saving oil and making less money to help the non-communist world finance Its huge oil debts, USReuter; UPI - 1,303 words
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228 1977-05-26 3 AP DALLAS, Wed. US trade ambassador Bob Strauaa yesterday attacked what he termed "selfish" trade restrictions imposed by countries in an effort to protect their own economies. Speaking to businessmen attending an international trade conference for the southwestern United States, Mr Strauaa said theAP - 228 words
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354 1977-05-26 3 AP WASHINGTON, Wed. The US Government yesterday ordered a review of quotas Imposed on imports of special steel by former President Gerald Ford. In a separate development, the US International Trade Commission ordered a fact-finding probe into complaints that the Japanese areAP - 354 words
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390 1977-05-26 3 AP GENEVA, Wed. The European Community's chief negotiator at the stalled UN sugar talks yesterday accused the developing countries of "playing a dangerous game" by Insisting on a new International sugar agreement based on export quotas. Community delegate Pierre Malve spoke toAP - 390 words
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207 1977-05-26 3 Reuter NEW YORK, Wed. Private banks mutt not lower their Leu Developed Country (LDC) credit standard* for the welfare of the countries the—Hue, Citicorp chairman Walter Wriston said. He toid a United Nation* ambassadors dinner here the capacity of the international banking system isReuter - 207 words
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607 1977-05-26 3 NEW YORK, Wed Reuter UNITED States banks are Ukely to raise their prime rates to 6 3/4 per cent from the current 6 1/2 per cent very soon, possibly led by Citibank N.A. on Friday, economists said. Citibank's formula, which sets primeReuter - 607 words
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266 1977-05-26 3 WASHINGTON, Wed AP THE chairman of the House Banking Committee yesterday accused the federal reserve system of secretly encouraging banks to make loans to particular borrowers, lobbying and tolerating possible conflict of Interest. Chairman Henry Reuss, said In a speech prepared for the House thatAP - 266 words
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200 1977-05-26 3 Reuter NEW YORK, Wed. Total commercial paper outstanding in the United States rose to a record U5556.72 billion (*****.5 billion) seasonally adjusted In April from $54.55 billion In March, New York Federal Reserve Bank said. The rise reflected a nearrecord $1.2 billionReuter - 200 words
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Article47 1977-05-26 3 Reuter WASHINGTON, Wed. The US budget was In surplus by U554.47 billion (5510.9 billion) In April, the Treasury Department announced The surplus compared with a $9.48 uuimii uiiitii in March and a $791 million surplus In the same month a year earlier. Reuter.Reuter - 47 words
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Article44 1977-05-26 3 Reuter WASHINGTON, Wed. The White House said President Carter has renominated Mr. Sam Cross as the US executive director on the board of the International Monetary Fund. Mr. Cross has been the US executive director of the IMF since 1974 ReuterReuter - 44 words
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Page 2 Advertisements
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Advertisement229 1977-05-26 2 Here's looking at us and around us through LAPseyes. i It's heart-warmingly funny... delightfully humourous... i tA 3L r I j, S3 fj yS ft A fjfc k 1 m .waggishly comical... nostalgically hilarious. (■s*ya mou style \M4Min ini. J 5! m Just hold on to your seats for laughs229 words
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Page 3 Advertisements
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Advertisement118 1977-05-26 3 (fWltttettuuf DUAL POWERED CONCRETE PUMPS Continues to servo controctors profitably in Singopore/ Meloysis/ Brunei 1 K lH i Ipi mm ipiaj u «|M r-V s ?«::A 1.^2" i!»< rV T—" ;i:: ic--*.t£ MS PZm 'IB 1 lijl 1 aiJ* f r ■-M r \#>*&'. V Ww jmr*aHv>« *> IE ran118 words
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Page 3 Miscellaneous
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Miscellaneous323 1977-05-26 3 THE WEATHER WEATHER report for 24 hour* prior to 7.30 p.m. on May 25 at Singapore airport. Maximum temperature 32.2° C Associated humidity €1 Minimum temperature 24.5° C Associated humidity 99 Hours of sunshine 6.30 Rainfall in millimetres nil Total rainfall for the month 117.7 Total rainy days for the323 words
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COMPANY NEWS
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332 1977-05-26 4 INTERNATIONAL stockbroking firms, especially the American ones, have not found Singapore the best place to do business in. Merrill Lynch Pierce Fenner and Smith, the local arm of the U.S. giant known as the "Thundering Herd", has been in the Republic for nearly four332 words
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Article690 1977-05-26 4 Currant Ex Date Total for 1 2 payment Date payable the year previous year .National Iron 5%TE May 0 May 26 12.5%TE 12.5TE Dunlop M. 21.5% Apr 20 May 27 27.5% 22.5% K. Kella* Tin 400% May 4 May 27 500% 250% Ajinomoto 12%TE May 4 May 28690 words
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609 1977-05-26 4 DESPITE the diversification programme it embarked on three years ago, the future growth of Empat Nombor Ekor Is still hinged on its traditional activity that of four-digit lottery operations. This is the indication given by its new chairman and executive director, Da to Khoo609 words
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641 1977-05-26 4 RISING costs and lower prices obtained for Its commodlties were behind United Plantations' groups K-tax fall of 25 per cent to 10.97 million last year. These problems had completely negated the company's rising production trend. But Judging from Its annual report, the future641 words
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Latest results
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Article81 1977-05-26 4 Group pre-tax profit $29.17 million ($25.3 million) on turnover of $839 million ($637 million) for the year ended Dec 31, 1976. Tax $12.92 million ($10.91 million), minority interests $129,000 ($98,000) and extraordinary expenses $3.05 million ($2.58 million), leaving net attributable profit $13.07 million ($11.7 million). Company pre-tax profit81 words
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Article20 1977-05-26 4 loss M 5110.681 (net operating profit $91,917) for year ended Dec 31, 1976. Turnover $2.12 million ($3.31 million).20 words
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Article40 1977-05-26 4 Company pre-tax profit 4.24 billion yen (79 million yen) for year ended March 20, 1977. Sales 45.97 billion yen (25.75 billion yen). Tax 2.34 billion yen (78 tyilllon yen) leaving net profit 1.9 billion yen (one million yen).40 words
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COMPANY MEETINGS
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24 1977-05-26 4 THE following company meetings are due: May 27, 10.30 a.m., Registered Office, No. 31, Shipyard Road, Jurong Town, Singapore 22.24 words
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Article18 1977-05-26 4 May 27, 11 a.m., 18th Floor, Conference Hall, Apollo Hotel, 405 Havelock Road, Singapore 3.18 words
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16 1977-05-26 4 National Iron Steel Mills Ltd.: May 26, 2.30 p.m., DBS Building, 6 Shenton Way, Singapore 1.16 words
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Article13 1977-05-26 4 May 27, 12 noon. Registered Office, River Valley Road, Singapore.13 words
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Article17 1977-05-26 4 May 30, 2.30 p.m., Straits Trading Building, Leboh Pasar Besar, Kuala Lumpur.17 words
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Article18 1977-05-26 4 May 31, 9.30 a.m., Registered Office, at the Shipyard, Admiralty Road East, Sembawang, Singapore 27.18 words
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Article15 1977-05-26 4 May 31, 12 noon, Ist Floor. Maritime Building, Collyer Quay, Singapore 1.15 words
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Article15 1977-05-26 4 May 31, 12 noon, at DBS Theatrette, DBS Building, Shenton Way. Singapore 1.15 words
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Article18 1977-05-26 4 June 2, 11.30 a.m., Room 404, ENE-PLAZA (4th Floor), 128 Jalan Pudu, Kuala Lumpur.18 words
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Article18 1977-05-26 4 June 3, 10.30 a.m., 4th Floor, U. 0.8. Building, 1 Bonham Street, Singapore 1.18 words
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Article20 1977-05-26 4 June 3, 10.. 4 5 a.m., 4th Floor, U. 0.8. Building, 1 Bonham Street, Singapore 1.20 words
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Article15 1977-05-26 4 June 3, 12 noon, 14 Jalan 223, Section 20 A, Petallng Jaya.15 words
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Article15 1977-05-26 4 June 3, 12 noon, 310 Registered Office, 310 Orchard Road, Singapore 9.15 words
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21 1977-05-26 4 Jardine Matheson Co. (South East Asia) Ltd.: June 3, 12.30 p.m., 16th Floor, Shlng Kwan House, 4 Shenton Way, Singapore 1.21 words
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Article989 1977-05-26 4 JEFFREY BROWN - By JEFFREY BROWN FT IT begins to look as though takeover and merger activity among smaller businesses is again rumbling forward. There Is limited statistical evidence to call on, but the merger brokers and merchant banks are now reporting rising levels of both Inquiries andFT - 989 words
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Article126 1977-05-26 4 DAH Yung Steel (S) la to diversify into the movie business. Dah Yung, together with the Klndol Theatre Company Pte., has successfully tendered for a cinema site in Geyland East Centre at Paya Lebar Way. The site, leased to the two companies at a premium126 words
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Article67 1977-05-26 4 IDRIS Hydraulic Tin said production for first four months of the current year was 109 tonnes against 115 Vi tonnes in the similar 1976 period. The general managers expect overall results for this year will be slightly higher than last year, it said in a statement. In 1978,67 words
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Article173 1977-05-26 4 THE Development Bank ol Singapore has announced the resignation from its board of Mr. Gunther Schmidt-Wey lend of Dresdner Bank AG. Mr. Horat G. Frenachkowaki of Commerzbank AG has been appointed to replace Mr. Scnmidt-Weyland with effect from May 14. The board has also appointed Mr. Guenter173 words
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Article1420 1977-05-26 4 On May 24 TRADING in options on the Chicago Board Options Exchange on Tuesday came to 87,218 contracts compared with 76,302 contracts on Monday. OPTION JLY OCT JAN STOC1 Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AtlR AUR Avon Avon Avon Bank Am Bank1,420 words
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Page 4 Advertisements
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Advertisement202 1977-05-26 4 Give us a man foramonthwe'H give him a language for life infingua now the largest group of language schools in the world offers a range of intensive language courses specifically designed for the busy executives whose work and position require them to attain a high degree of proficiency in a202 words
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INTERNATIONAL COMPANY NEWS
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Article459 1977-05-26 5 ASIAN COMPANIES Reuter HONGKONG, Wed. Swire Properties said It expects group profit attributable to shareholders for 1977 of not less than HK$95 million ($44.09 million In 1978). In a prospectus on Its offer for sale of 55 million $1 nominal shares at $2.75, It alsoReuter - 459 words
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Article195 1977-05-26 5 Reuter MANILA, Wed. Bancom Group Senior vice president Mr. Francisco Llcuanan told Reuters tne group is offering 6.4 per cent of its equity to prospective Joint venture partners in Asean countries. He declined to name interested buyers, saying "we are now at a delicate stage ofReuter - 195 words
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Article171 1977-05-26 5 Reuter TOKYO, Wed. The Finance Ministry said net foreign portfolio investment in Japanese bonds and debentures during April fell sharply to US$7 millions from $162 million in March as a decline. It said the fall In longterm Interest rates was partly responsible. Foreign buying of JapaneseReuter - 171 words
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Article151 1977-05-26 5 Reuter UPI TOKYO, Wed. Toray Industries, a leading Japanese textile firm, reported net income of US$l5 million on sales of 81.513 billion for the year ended March 31, 1977. The company said the net income was up 155 per cent over the preceding year andReuter; UPI - 151 words
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Article60 1977-05-26 5 TOKYO, Wed. After-tax profit at Nippon Shimpan was up by a modest 15.8 per cent to 1.83 billion yen (1.58 billion) yen for the year ended March 31, 1977. Sales were up by 25.7 per cent to 265.59 billion yen (211.21 billion). Nippon Shimpan has raised60 words
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Article116 1977-05-26 5 HONGKONG, Wed. Consolidated net profit at Jack Chla International more than doubled to HK$4.l6 million from $2.01 million In the year ended March 31, 1977. The results include a non-recurring profit of $40,000 compared with $340,000 previously. With the buoyant results, the company is raising the total116 words
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Article96 1977-05-26 5 Reuter TOKYO, Wed. Mitsui and Co Ltd said Its whollyowned subsidiary, Mitsui and Co (USA), will place privately a US$5O million straight bond in the US, probably in July, with an underwriting syndicate led by Smith Barney, Harris Upham. The trading firm said the JapaneseReuter - 96 words
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Article30 1977-05-26 5 HONGKONG, Wed. San Miguel Brewery has raised its first 1977 interim dividend to 16 HK cents from 15 cents previously. Books will close from June 6 to 10.30 words
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Article60 1977-05-26 5 UPI TOKYO, Wed. Marukyo, a Japanese raw silk wholesaler In Kyoto, western Japan, went bankrupt with an estimated 6.6 billion yen in outstanding liabilities, a credit research company reported. Telkoku Koshlnsho said Mitsubishi, a major trading house and Marukyo's main customer, and Kyoto Bank have cut their financialUPI - 60 words
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Article82 1977-05-26 5 UPI TOKYO, Wed. Sales at Japan's 3,177 supermarkets and chain stores in April totalled 437.954 billion yen, up 20.4 per cent over a year ago, the Japan Chain Stores Association reported. If stores newly opened In the last one year are ex- eluded, the sales marked anUPI - 82 words
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Article56 1977-05-26 5 UPI TOKYO, Wed. Nippon Sulsan Kalsha, Japan's second largest fishery company, reported current profit of 7.937 billion yen on sales of 258.567 billion for the year which ended on March 31 this year. The company said the profits and sales were up 2.75 times and 29.6 per centUPI - 56 words
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Article63 1977-05-26 5 TOKYO, Wed. Kane-matsu-Gosho, a major trading firm In Tokyo, has signed a contract to provide Eiectro-Hlme of Canada with Csl4o million worth of colour television sets and parts over a 10-year period. The Canadian firm, based In Kitchener, Ontario, will be supplied with 14-20-lnch colour tv sets63 words
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Article329 1977-05-26 5 FT TOKYO, Wed. Japan's largest leasing company, Orient Leasing, has chalked up a record gain In recurring profit for the six months ended March, 1977. Recurring profit for the parent company have come out at Y2.95 billion, up 58 per cent over the corresponding monthsFT - 329 words
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142 1977-05-26 5 Reuter BANGKOK, Wed. The breakdown of Bllliton Thailand's only tin suction dredger will not affect Thai tin production as the repair work is being done In the monsoon season when dredgers cannot operate at sea, trade sources said. The dredger, which broke downReuter - 142 words
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Article45 1977-05-26 5 UPI TOKYO, Wed. Yanase, a major Japanese Importer of foreign automobiles, said It will put on the Japanese market in mid-July the world's first massDroductlon dlesel engine car "Golf" produced by West Germany's Volkswagen. The Golf will be priced at 1.748 million yen. UPIUPI - 45 words
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Article229 1977-05-26 5 NORTH AMERICAN COMPANIES FIRESTONE TIRE AND RUBBER said It expects earnings to continue Improving quarter by quarter In the second half of the year ending Nov 30, 1977. The company also said its diversified products, raw material and chemical operations earnings and sales should be higher229 words
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160 1977-05-26 5 AP CITIBANK, the second largest bank In the world, was accused in a lawsuit yesterday of engaging In Illegal competition by selling data processing services at "ruinously low prices." The lawsuit was filed by the US Association o f Data Processing Service Organisations (Adapso), anAP - 160 words
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Article104 1977-05-26 5 Reuter THE four US federal agencies which regulate financial institutions said they support legislation to strengthen their powers and to prohibit interlocking management and director relationships between depository institutions. The agencies took their Bosltlons in testimony store the Senate Banking Committee on Legislation now pending beforeReuter - 104 words
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Article73 1977-05-26 5 FOR the first quarter ended Apll 30. 1977. net profit at Hudsons Bay fell 58.4 per cent to C 5739,000 ($1.09 million) despite a marginal Increase in revenue to $309.7 million from $301.9 million. This works out to net earnings per share of five cents compared with73 words
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296 1977-05-26 5 UK COMPANIES Reuter LONDON, Wed, RlO Tlnto-Zlnc chairman Sir Mark Turner said runningln costs of the Rossing uranium mine In Namibia will increase the original capital estimates by about £20 million up to June 30 this year. Provision for this has already beenReuter - 296 words
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Article91 1977-05-26 5 Reuter LONDON, Wed. The Bank of England said It has no comment to make on a Daily Express newspaper report that details of the British Petroleum share sale will be published on June 2, the day the company's first quarter figures areReuter - 91 words
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Article137 1977-05-26 5 Reuter LONDON, Wed. Fisons has had a mixed start In the first few months of the current year, chairman Mr. O.V.K. Burton told the annual meeting. Sales of agrochemlcal division had been adversely affected by unfavourable spring weather In the UK and Northern Europe. In fertilisers,Reuter - 137 words
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Article75 1977-05-26 5 LONDON, Wed. The proprietors of Hay's Wharf said It has been impossible to find a basis for agreement with Ocean Transport and Trading and merger talks have ended. On April 25 Ocean Transport offered £13.50 cash for 10 Hay's ordinary or a nlne-for-10 share offer. Hay's75 words
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Page 5 Advertisements
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Advertisement321 1977-05-26 5 Which bank delivers you a whole world of financial knowledge? We do. Bank of Amei icd. W hei i it comes to finance, we are there our money centei s diyd branthes dround the globe keep us in constdnt ddily tout h with fluctuations in all nidjor currencies. We hdve321 words
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Article2121 1977-05-26 6 Gr's Gr's Net 1*77 Last div Div y'H P/E Vol Day High Low Company Sale +OT- e'rr (••80) High Low 8ECTION ONE INDUSTRIALS 146 136 r Acma 144 12.0N 1.1 8.3 7.2 m 133 127 Ac ma A 129 12.ON 1.1 9.3 6.5 204 204 Alcom 2042,121 words
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Article1129 1977-05-26 6 °J itr prtcm off»c»ally rl!ii2L?? d bu#,n in and reported to the Stock Exchange °f,?!"f 4p re r«t«rday with the number of shares traded shown in brackets In lots of 1000 units »PecJfled. All Time Settlement Contracts are K»tad after the word Sett Board deals (In lots1,129 words
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Article1275 1977-05-26 6 BID and offer prices officially lls'ed 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 Alaaaaa (1.758 1.008). A. CUM (0 7181 <«) 0.71. (3) 0.74.1,275 words
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Article80 1977-05-26 6 STRIKING prices of the stock options officially listed on tbe Stock Exchange at Singapore, tbe periods, bid and offer prices and businees done yesterday, with the number of options traded shown in brackets. lackcape (Juae $2.40) (0.028 O.OJS) (2) 0.03, (S) 0.02 to OUB (Juae 53.50) (0.10S) ®wtric80 words
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Article153 1977-05-26 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' prie m far May 2S) (Currant pi rice*) The Commerce 163 I.72xd INCOME BOND 1 05 1.11 The Saving Fund 0 91 O.M S pore Pro* Fund 0.82 0.87 MARA BUMIPUTRA FUND 8'pore Security Fund l.« 1.54 (Manager*' price* for May153 words
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Article159 1977-05-26 6 B O T 7 5/8% 1964 (100.000) (98toB 98^8) B O T 8 1/2% 1981 (100.000) (102 toB 103S) D B S 8 1/2% 1982 (100,000) (100toB 1018) DBS Converts 6 1/2% 1991 (100,000) (97H8 98'/«S) EIB 9% 1982 (100.000) (103 toB 103 toS) E I B 8159 words
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Article113 1977-05-26 6 5 1/2% 1/4/78 (250.000) (101 488 101 658) 5 |/2% 15/4/78 (250,000) (101 458) 5 1/4% 15/7/78 (250,000) (101 458 101.555) 4 3/4% 1/5/79 (250,000) (10Q.80B 100.848) 7% 1/7/79 250,000) (104.658) 5 1/4% 15/10/79 (250.000) (101.70B) 6 3/4% 15/6/80 (250.000) (103.358) 6 3/4% 1/12/80 (250.000) (103.358) 5% T113 words
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Advertisement16 1977-05-26 6 found only in the 01 H I, J 1 i M W 9 Li •i v16 words
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Article, Illustration637 1977-05-26 7 THE Stock Exchange of Singapore taw nervous trading yesterday, with (hares ending on an easier note. A mild rally in the morning saw small appreciations among selected counters but lack of sustained buying support caused moot of these gains to be wiped out at the close. Hie637 words
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Article424 1977-05-26 7 SHARE prices continued to fall on the Kuala Lumpur stock market yesterday. Though losses were spread across the board, second and third liners as well as most of the banking stocks were the main casualties. On the Industrial board. Central Sugars featured erratic price movements. It424 words
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INTERNATIONAL STOCK MARKETS
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Article367 1977-05-26 7 HONOKONO: The market opened steady and consolidated to close firm in quiet trading, dealers said on Wednesday The Hang Seng Index rose 1.08 points to cioee at 442.51. Swire Cheung resumed quotation at $2.05 compared with Its pre-sus pens lon price of $2,075. while Stelux fell ahead of results367 words
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Article481 1977-05-26 7 Reuter TOKYO: Share prices closed slightly lower In limited trading with late profit taking and liquidations more than offsetting initial gains, dealers said on Wednesday. The Dow Jones Average lost 1.84 to close at 5,022.04 with volume 150 million shares. The New index closed at 377.39, up 0.04. ElectrlcalsReuter - 481 words
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Article438 1977-05-26 7 SYDNEY: The market was generally firmer, led by energy and uranium stocks ahead of publication of the Fox report on uranium, dealers said on Wednesday. The Sydney All-Ordinaries index rose 0.72 point to close at 465 48. Pancoa linen Lai rose 55 cents to $11.85 and Kathlson invest*—l« five438 words
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Article138 1977-05-26 7 MANILA The market closed mixed, with commercials slightly lower, minings firm and oils unchanged, dealers said on Wednesday. Turnover fell to 2.45 million pesos compared with Tuesday's 3.55 million. Gainers included Lepato B and Marinduque B, but Atlas Cos A and B lost ground. Unchanged Issues Included Acoje Mining.138 words
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Article96 1977-05-26 7 MAT Bahts Asia Fibre in -1 Bangkok Bank 2r» -2 Bangkok Invest. in -1 Bangkok-Me tropolitan Bank Bala 4438 unch Berli Jucker 251 CharoongThai Wire 1MB Dumex Duslt Thanl Faber Merlin Pint Trust Indo-Thal Industrial Finance Corp ***** unch 1 And J Ho 2058 -2 Jalap ra than Cement96 words
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Article284 1977-05-26 7 AMSTERDAM. The market again weakened over a broad front on Tuesday. Losses In Dutch internationals were led by Royal Dutch and Akso, But Unilever edged higher. Elsewhere declines were headed by KLM, Hva, Bo Is and Insurances. Hal, Bijenkerf and Giessen were among Isolated firmer spots. State loans eased284 words
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Article187 1977-05-26 7 BRUSSELS; Share prices fell strongly across the board after the heavy losses on Wall Street with stocks here little Influenced by the four party coalition agreement to form a new Belgian government, bourse sources said on Tuesday. Fiaoutremer and HainautSambre rose but Kaaarve, SoAna. Traction, Hobo ken. Cockeriil, Ebea,187 words
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Article281 1977-05-26 7 FRANKFURT: Most leading shares closed up to three marks lower on buying reluctance, set off by Waif Street's weakness and the bond market fall, dealers said on Tuesday. Among larger losers were Mercedes Halting with six marks. PrsMsag with 5 50 GHH with five and ScLsriag with four. Public281 words
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Article181 1977-05-26 7 MILAN: Stocks on Tuesday, fell further to new 22-year lows In slightly more active trading than on Monday, bourse sources said. Government plans to reform dividend tax failed to encourage sentiment, with operators concerned that the anticipated removal of anonymity of large share holdings could further dampen Investors' bourse181 words
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Article389 1977-05-26 7 PARIS: Thin trading continued on the Paris '•Tenne" market on Tuesday, despite a strike call by unions representing bourse workers and the market firmed following Monday's stronger ton* dealers said. Eiectricals and foods were substantially higher, with stores and metals also firmer, while elsewhere individual gains were made in389 words
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Article294 1977-05-26 7 ZURICH: The market declined In moderate turnover prompted by a lower Wall Street, dealers said on Tuesday. Banks retreated over a fairly broad front. Swissair However, rose after recent weakness. In Irregular flnanclals, both Bally rose on active demand but Oerlikon-Buehrle lost ground Insurances closed mostly lower apart from294 words
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Article397 1977-05-26 7 JOHANNESBURG: Gold shares eased in moderate trade toward the close as European bullion indications continued to drift, dealers said on Tuesday. Financial minings were easier. In diamonds. De Beers regained part of an earlier loss to rule a net three cents dowh at 425 Coppers and platinums were both397 words
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Article328 1977-05-26 7 TORONTO: The market closed sharply lower In light trading on Tuesday. The composite Index was off more than 12 points, reaching Its lowest point since Jan 12. Declines led advances 285 to 130. Slater Steel eased to eight after it announced lower year earnings and a dividend cut. Maritime328 words
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Article1181 1977-05-26 7 NEW YORK: The stock market on Tuesday, extended Monday's wide-ranging decline but some bargain hunting narrowed the loss a bit near the close. The Dow Jones industrial average, which was down more than six polnU at 1 pm, finished with a lots of 4.88 points to clow at1,181 words
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Article72 1977-05-26 7 FINANCIAL TIMES INDUSTRIAL Tuesday 472.2 Monday 456 5 Week ago 468 2 DOW JONES AVERAGE INDUSTRIALS Tuesday 912.40 Monday 917.06 Week ago delayed LONDON DOLLAR PREMIUM Tuesday 110 7/8 to 111 3/8 Monday 110 1/8 to 110 5/8 H.K. HANG SENG Tuesday 441.43 Monday 440 70 Week ago 44772 words
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Page 7 Advertisements
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Advertisement321 1977-05-26 7 "Tfat Ye s 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, m entertaining in a wholesome way, highly educational I, j quite321 words
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COMMODITY REPORTS AND PRICES
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Article477 1977-05-26 8 OPENING quotations in the Singapore rubber market yesterday were marked down 0.75 cents following lower London advices and later the market lost a further half cent on lack of interest, dealers said. Turnover was very small with forwards and physicals meeting no Interest. The morning477 words
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Article307 1977-05-26 8 R A S prices In cents yesterday: Noon (per kilo) Buyers Sellers cum (par kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. Int. 1 R.S.S. June Int. 1 R.S.S. July Int. 2 R.S.S UK/Cont. Int. 3 R.S.S. UK/Cont. Int. 4 R S.S UK/Cont Int. 5 R.S.S.307 words
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Article81 1977-05-26 8 R.A.9. Job* (CvmatMtfc) (TmSllM) cei ■UpOTkc) |M »P«hs> SSR20 (1-ton Pallet) 193.00 194.OON 194.90 199 SON SSR50 (1-ton Pallet) 190.50 191.50N 192.00 193.00N M.R.E.L.B. SMR5CV (1-ton Pallet) 217 00 219 OON 21S.50 220 SON SMR iL t l-ton Pallet) 219.SO 217.SON 217.00 219.00N SMRS 11-ton Pallet) 19681 words
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Article30 1977-05-26 8 Rubber: May 25 Singapore: June 194.75 cU (down 0.75 ct) Malaysia: June 195.50 cU (down 0.75 ct) Tin: 91,458 (up 99) Official offering: 222 tonnee (up Si tonnee)30 words
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Article222 1977-05-26 8 BANGKOK, Wed. Indicative prices quoted for rice in Bangkok were: (US dollars per tonne fob basis Bangkok) White Rice: 100 per cent Ist class 289 100 per cent 2nd 214 100 per cent 3rd 270 5 per cent 259 10 per cent 237 15 per cent 234 20 per222 words
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Article374 1977-05-26 8 DEALERS in Singapore yesterday plodded through another period of routine trading, and most commodities closed mixed. A lower level of sales was reported to the Western markets and the continued lack of follow-through buying was a dampening factor. Coffee's overnight strength failed to extend itself in the light374 words
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Article85 1977-05-26 8 C.I.F. Rotterdam price* quoted London on Tuesday In US doUa/a ton In ler Malaysia 9% ffa bulk Jul/Auc Sumatra 5S May Jun July Auf Sept No* Sterling per long ton Tanday unch •86 sir 666 sir 666 sir unch unch unch hw. 406 sir SOOqtd/MOpd 673.90 sir 00685 words
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Article405 1977-05-26 8 LONDON, Wed. Futures recovered from opening calls lows where losses of upto £85 were recorded, to end the session £70 to £50 down on last night. The official market tone was 'irregular' and 957 lots were traded. Biggest losses were in both Jly and Sep at £3,464 and £3,445405 words
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Article62 1977-05-26 8 THE Malaysian Minister of Finance has fixed these rates for the period from May 26 until further notice: Rubber 90 cents a lb Copra 91,054.00 a ton Palm kernel 9235.25 a ton The rates of duties payable are: Rubber 10ft cents a lb (total 15% cents) (surcharge 4%62 words
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Article284 1977-05-26 8 LONDON, Wed. Terminal reached £40 limit up during the opening call with Sep bid at £384. Sales were 265 lots. Short covering resistance found seller's rather nervous and prices recovered In rather thin dealings to quickly reach limit up In Sep. There did not appear to be any fresh284 words
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Article216 1977-05-26 8 LONDON, Wed. Terminal opened £1.75 to £1.35 below yesterday afternoon's close in sales of 495 lots. Market sources said the easy trend developed when trade selling pushed near Aug and Oct down through previous resistance levels of £130 and £133 respectively, and touched off long liquidation and stoploss orders.216 words
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Article270 1977-05-26 8 CHICAGO, Wed. Soybean futures yesterday showed gains of 21* to 11 cents a bushel around mldsesslon. Prices rose sharply in early dealings on local and commission house buying on Monday's technical performance, the continued high rate of export clearances and the census bureau's downward revision In Its end-April soybean270 words
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Article130 1977-05-26 8 CHICAGO, Wed. Wheat futures yesterday were up 1% to 2K cents a bushel around midsesslon on a fair trading volume. Strength In soybean and corn futures, pending export tenders and firmness In Oulf bids encouraged local and commission house buying which took prices upward. Commercial selling contributed to the130 words
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Article268 1977-05-26 8 HONGKONG, Wed. Hongkong cotton futures opened higher in line with the overnight rise In New York, dealers said. Gains ranged from 0.71 to 1.25 U8 cents. Opening call turnover rose to 18 lots from 11 yesterday. HONOKONO cotton futurss clostng quotas an May 19 ca« Oct 7118/30 (tt.M/M)268 words
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Article181 1977-05-26 8 rHE Straits tin price In Penang yesterday was up $6 to $1,458 on an official offering up 31 tonnes to 222 tonnes. In LONDON yesterday morning, tin gained around £17 for cash and £27 for Three Months In the standard contract. High grade was about £17 up all181 words
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Article196 1977-05-26 8 LONDON, Wed. Copper wlrebars In the morning gained £6.50 for cash ana £7.50 for Three Months. In the pre-market, Three Months totalled from £795 up to £803 but profit-taking subsequently shaded values and down to £798 was paid in the ring before final business at £799. Sales of 4,900196 words
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Article114 1977-05-26 8 LONDON, Wed. Silver recorded modest gains of 0.4 to 2.0 pence per troy ounce. Dealers said steadiness was helped by the overnight close at New York and stablltiy in gold, with offerings from one quarter In early dealings wellabsorbed by covering. Three Months closed at 275.1 pence. Turnover was114 words
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Article295 1977-05-26 8 IN the Singapore gold market yesterday, the kllobar was traded In the range of 8111,530 to 111,580. The loco London gold was stagnant at U*****.40/ 144.80 per for most of the day. The London morning fix was U*****.00, up 20 cents on the previous fix. Source: SiapMi Retail prices295 words
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Article96 1977-05-26 8 LONDON, Wed. Lead rose in the morning by £4.50 for cash and £5.50 for Three Months. Yesterday's late kerb rally was extended on shortcoverlng and some fresh buying induced by firmness In copper, dealers said. The market traded up to £373 for Three Months in the ring before slipping96 words
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Article85 1977-05-26 8 LONDON, Wed. Zinc advanced In the morning by mostly £5.50. Dealers said the market continued to recover recent lost ground on moderate covering prompted by the general trend In metals reports of fairly substantial further physical enquiry and business on the Continent. Three Months traded up to £344 In85 words
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MONEY AND EXCHANGES
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Article450 1977-05-26 8 DESPITE Its sharp fall In London on Tuesday, sterling held relatively steady in the Singapore foreign exchange market yesterday. Opening about 10 points lower at U551.7163/66, the pound only eased marginally to $1.7162/67 when London entered the market here. Sterling's decline In Europe was attributed to a shift in450 words
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Article67 1977-05-26 8 Minimum lending rates (in acbc 6 3 4 Algemene Bank Citibank 6»4 Bangkok Bank 7 HSBC 7 Bank of America 6*4 Indosuez 6 3 Bank of China 7 Malayan Banking 6\ Bank of Tokyo 6 l 4 Mitsui Bank 6 3 4 Bank Negara OCBC 6 J 4 Indonesia 767 words
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Article67 1977-05-26 8 Asian rates AJUA» r%%m m m «MMt oe Hq a iftkte Offcr ■M IBM Inhi |M» HUH »It'll IE IfU M'U IIV>» ii's fitaai i*M»> J-.l* JVI 1 4 JW IMI laaMb MMI |m* )aO* ilnuL j« *14 sxrr ttti p*. lET Lr iff* 1 Ml IMI Hit o o^ta67 words
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Article48 1977-05-26 8 HANOI of price* offered by discount houm on Mat 25 Owrnlfht IS lo 3% Call deposit 3% cu 3-Month Treasury Mite 3 3-Month Banks bill* 4 3-Month CD 4 3/16 •-Month CD 4 TTli 1 M 1 1ft 4 1/1« 4 i/14 Source: National Discount Co. Ltd.48 words
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Article116 1977-05-26 8 HONGKONG, Wed. The Bank of England continued support for sterling by forward purchases on a moderate scale, and the spot rate firmed in late trading to U551.7168/ 70 after remaining stable at 1.7162/ 66 for most of the day, dealers said. Interest was lacking in other currencies, with the116 words
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Article47 1977-05-26 8 Euro rates LONDON Eurodollar deposits opening quotes on Ma; 25 Oremlctit 5 7/18 5 8/18 Seven days fix and notice 4 7/84 3/4 Three Months si* 5 7/8 81x Months 8 7/10 8 5/18 Nine Month 6 5/8 8 1/2 One Year 6 V 4 6 5/8.47 words
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Article38 1977-05-26 8 THE Monetary Authority of Singapore (MAS) invites banks and discount houses to tendef for $40 million 91day Treasury Bills to be issued from May 30 to June 3. Each tender must not be less than $250,000.38 words
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Article280 1977-05-26 8 NEW YORK, Wed. The dollar closed weaker yesterday following New York Federal Reserve Bank Intervention In the securities market here that was read as putting a celling on US money market Interest rates for the immediate term, dealers said. The Fed Increased banking system reserves when federal funds280 words
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Article202 1977-05-26 8 LONDON, Wed. Pressure on sterling continued here In steady early trading, with the Bank of England Intervening In the spot market and discounts on forward sterling widening, dealers said. The move out of sterling appears to have started with the announcement of a 17.5 per cent year-on-year rise In202 words
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Article127 1977-05-26 8 TOKYO, Wed. The yen firmed in fairly active trading on Increased dollar sales to close at 277.60 to the dollar for overnight delivery from 277.75 at the opening and 277.85 overnight. Reports that the Finance Ministry will shortly ease controls for conversion of foreign currencies into yen also sparked127 words
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Article53 1977-05-26 8 AUSTRALIA/NZ exchanges quoted on May 25 Australia Sterling 0 6462/0 6392 U8 dollar *****/1 1009 Ninety-day air mall buying rates: Sterling 0.6643 US dollars ***** Ninety-day forward buying rates: Sterling 0.6457 US dollars 1 0938 New Zealand: Sterling 0.5509/0.5568 US (Mlar 0 9658/0.9958 Ninety-da l forward rate: Staling 0.579653 words
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Article48 1977-05-26 8 ZURICH exchanges closing quotes on May 24 US 2.3175-5182 UK 4 3225-3255 Can 2 3050-3055 W Oerm 100.50-60 Neth 102.21-28 Prance 50.70-82 Bel* 6.07-3/4-00 Denm 41.80-83 Nor* 47.70-73 Bwed 57.75-78 Italy 0 2844-2847 Austria 14 07-15 00 Port 8.51-53 Spun 3 84-1/2-05 Ar« 0 80-75 Japan 0.80-1/3-00-3/448 words
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Article37 1977-05-26 8 FRANKFURT exchanges quoted on May 25 US 2.3543/53 Can 2.2430/40 UK 4 040/000 Neth 80.87/87 Swtta 03.61/71 Italy 2 .650/608 Prance 47 16/86 Nor* 44.73/88 Bale com 6 518/546 Belc fin 6 525/565 Japan 0 *4*3/0337 words
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Article303 1977-05-26 8 LONDON Eurobond prices on May 25 Straiffcu Bid Offcr Austria 8% 90 Bell Canada 8V, 86 104% 106 V. BFCE 8V. 83 101% 102% Brazil 9"j M 97 V, 98 f"n Pacific 9'. 103\ 104% Credit National 90% 99 ECSC V 83 103 V. EEC 8% 82 100V.303 words
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Page 8 Advertisements
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Advertisement186 1977-05-26 8 WW MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE S. S ASIA RESEARCH BULLETIN This unique publication offers businessmen eoch month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in Eost and Southeast Asia. The186 words
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TRANSPORT AND COMMUNICATIONS
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529 1977-05-26 9 THE Organisation of Petroleum Exporting Countries' (Opec) move to increase oil price* ia not the cause of the shipbuilding industry's current difficulties but simply the pin which pricked the bubble of shipbuilding excess capacity. This was said by Mr. J. Graham Day, former deputy529 words
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528 1977-05-26 9 LONDON, Wednesday UPI Reuter THE world's shipbuilders were warned by British shipowners yesterday not to be overly dependent on government money Just to win more orders. The General Council of British Shipping (QCBS), giving the warning in Its 1976-77 annual report,UPI; Reuter - 528 words
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Article1036 1977-05-26 9 LONDON, Wednesday FT THE forthcoming Paris International Air Show, from June 2-12, is likely to be the most significant for years so far as Airbus Industrie, the consortium which builds the European A-300 Airbus, Is concerned. For airline Interest in this twin-engined, short-to-medium haul airliner,FT - 1,036 words
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Article, Illustration428 1977-05-26 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aklro Maru (JERR) (0700 after Patroclus) (Class I on Board) 1/2 Amsbach Despatch (1200 after Hong Soon) (Req. RamP) 22 Apollol (PLWO) (1930) 27/28 Bunga Mas (0600) (Subject Free Board) 18 Cherry VUJa (B, Barge) (2300 tbc) 42/43 King Dragon (1500 24 Long428 words
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Article362 1977-05-26 9 BLUE Funnel Line, incorporated in the 1860b, today operate* on the Far Eaat/Europe trade a* a member of the Ben Ocean joint service. The Ben Ocean service ia a joint venture operation between Ben Line and the Ocean Group, of which Blue Funnel ia a part. The362 words
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268 1977-05-26 9 Reuter DETROIT, Wed. New car sales by the United States four major car makers fell 4.4. per cent in mid-May. with only Ford showing improved results from a year ago. In the May 11-20 period, Ford sales totalled 82,943 vehicles, a riseReuter - 268 words
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Article58 1977-05-26 9 Reuter MANILA. Wed. Philippine Long Distance Telephone company (PLDT) has sold more than 87 million pesos (8828 million) worth of preferred shares under Its subscriber Investment plan since It started on Oct 1, 1973, company officials said today. The money represents Investments from 133,809 telephone subscribersReuter - 58 words
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Article598 1977-05-26 9 ARRIVALS -I BWM Operator Number Lm Tim< J i From OA QA472 0005 SYD/MEL CPA CX003 0145 HKO MAS MH682 0810 KCH PAA PA847 0830 SFO/HNL/OUM CPA CX710 1000 HLP 8IA SQ211 1015 HLP OLA GAWK) 1030 HLP QIA GA908 1100 ME8 PAL PR501 1115 MNL SIA598 words
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Article113 1977-05-26 9 TOKYO, Wed. Two Dutch engineering services firms have separately ordered three giant barges, each equipped with one or two offshore cranes of 2,000 to 3,000 tonnes, from Japanese shipyards for use in North Sea oil development projects, Sumitomo Heavy Industries Ltd said. Industry sources estimate113 words
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Advertisement161 1977-05-26 9 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business limes BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei, Sarawak. Sabah Australasia/Pacific (excluding Hawaii161 words
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Article, Illustration1305 1977-05-26 10 SOH SIAM LOH - By SOH SIAM LOH THE prolific growth of shopping centres In Singapore In recent years has made the marketing of shopping complexes Increasingly more difficult and competitive, and has in some cases left a few "white elephants" behind its trail. white elephant shopping1,305 words
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2358 1977-05-26 10 JOHN WICKS - THE Chiasso banking scandal, which has already caused the resignations of two top executives at Credit Suisse, has far-reaching political and diplomatic consequences. But, in any moves to strengthen controls on Swiss banking, the Swiss authorities are going to be very careful notFT - 2,358 words
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750 1977-05-26 10 JANE BRODY - By JANE BRODY NYT SUGAR proponents call it quick energy, opponents call it a poison. But to the average American, who consumes a third of a pound of It each day, sugar is mostly an irresistibly good taste. Human societiesNYT - 750 words
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Page 10 Advertisements
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Advertisement234 1977-05-26 10 I f y i m \f s $37/per copy THE HAMLYN PICTORIAL ATLAS OF THE WORLD A modern and comprehensive atlas has necome indispensable both to students of geography and to general readers vvho want to understand the new economic and political shape of the world Here for the first234 words
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165 1977-05-26 11 KUALA LUMPUR, Wed. Labour and Manpower Minister Datuk Lee San Choon will discuss labour problems affecting the region at a meeting with his Asean counterparts In Pattaya, Thailand, tomorrow. Datuk Lee left for the south Thailand holiday resort today. A statement, issued by the165 words
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146 1977-05-26 11 Reuter VIENTIANE, Wed. The Malaysian and Lao Foreign Ministers held talks here today in what is believed to be Malaysia's first top-level official contact with this Indochina state since it came under communist rule 18 months ago. The Malaysian Minister, Tengku Ahmad Rithaudeen,Reuter - 146 words
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Article122 1977-05-26 11 KUALA LUMPUR, Wed. The authorities were urged today to make more land available for mining in the face of the decreasing number of active mines. The vice-president of the Malayan Mining Employers' Association (MMEA), Mr. Ng Beh Tong said: "Other than for exceptional reasons, priority in122 words
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Article, Illustration521 1977-05-26 11 SINGAPORE'S proposed $2 billion joint petrochemical project with the Japanese is not only a sensitive Issue politically but also one that requires very delicate economic deliberation. This was the view taken by Mr. K. Lanz, deputy chairman of the massive West German Hoechst chemical group,521 words
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721 1977-05-26 11 SINGAPORE'S reinsurers and reinsurance brokers are generally not too worried about the proposed Asian Reinsurance Corporation, to be set-up under the aegis of the United Nation's Economic and Scientific Council for Asia and the Pacific. Some UN officials believe that ARC will be721 words
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222 1977-05-26 11 KUALA LUMPUR, Wed. The Muda off-season crop to be harvested later this year will fall short of about 90,000 tonnes of rice valued at about Ms4s million because of the prolonged drought. Apart from having to forego about 20,000 hectares where water was222 words
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Article62 1977-05-26 11 Reuter JAKARTA, Wed. Indonesia recorded a trade surplus US$2.3 billion (Sss.B billion) for the *****7 fiscal year, an increase of $221 million over the previous year, a Finance Ministry spokesman said. The spokesman quoted Finance Ministry All Wardana as telling a parliamentary session that exports for the fiscalReuter - 62 words
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Article101 1977-05-26 11 Reuter SEOUL. Wed. President Park Chung-hee today accepted as an "accomplished fact" President Carter's plan to withdraw the 33,000 American ground troops from South Korea over four or five years, a presidential spokesman said. President Park's remarks came during three hours of talks with US UndersecretaryReuter - 101 words
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1136 1977-05-26 11 KUALA LUMPUR. Wed. MCA-sponsored Multipurpose Holdings Berhad which is raising M 529.79 million from the general public for a wide spectrum of activities will be a symbol of involvement of the Malaysian Chinese and other communities in the development of the country. This is how1,136 words
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126 1977-05-26 11 Reuter TOKYO, Wed. Philipvine Central Bank govesnoi Mr. Gregorio Lktm Hid here his country's debt service ratio now stands at less than 15 per oeot, compared with 26 per oent recorded in 1970. He told the International Monetary Conference the structure of the Philippines externalReuter - 126 words
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Article143 1977-05-26 11 Reuter MANILA, Wed. President Marcos met his National Security Council behind closed doors today to assess the Implications of the fslamic Conference decisions in Tripoli on the five-year long Muslim conflict in southern Philippines. The President announced last night that he had ordered the military toReuter - 143 words
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Article140 1977-05-26 11 UPI MANILA, Wed. The PhlI llpplnes expects a 33 per cent increase in coffee production this year, according to a report of the Coffee Growers Association of the Philippines published today. Total production is estimated at 60,000 tonnes, compared with 45,000 tonnes last year. Consumption inUPI - 140 words
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442 1977-05-26 11 UPI Reuter MOSCOW, wed. Japan and the Soviet Union yesterday initialled an Interim fishing accord, ending a nine week old wrangle over the wording of the agreement which regulates Japanese fishing rights In the new Soviet 320-km zone. Japanese sources said thatUPI; Reuter - 442 words
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Article154 1977-05-26 11 THE Ocean us Mutual Underwriting Association (Bermuda) Ltd. filed a $123,450 suit against British Asian Shipping (Pte) Ltd at the High Court yesterday. The money Is alleged to be due and owing to the plaintiff. In another suit, Balfour Williamson and Co. Ltd., London sued Sung Fatt k154 words
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Article113 1977-05-26 11 MORIMOTO Manufacturing Singapore, a whollyowned subsidiary of Morimoto Manufacturing of Japan, will start production once machinery Installation at Its factory is completed by mid-June. According to Mr. T. Morimoto, a director of Morimoto Mfg (Japan), the Singapore subsidiary will produce sewing machines for the garment113 words
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Article76 1977-05-26 11 THE Kodak Instant camera will be unveiled at a press conference at the Cockpit Hotel this afternoon. With Its Introduction, Kodak will break Polaroid's monopoly of instant development cameras in Singapore. Kodak Instants were Introduced in Canada and the US last year and are responsible for a series76 words
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Advertisement490 1977-05-26 11 APPOINTMENTS N5 Active International Trading House With Subsidiaries throughout South East Asia Has A Vacancy For A FINANCIAL CONTROLLER For Singapore, Malaysia and Hong Kong. THE JOB Establishing and supervising local financial, cost, and management accounting systems for all three subsidiaries Conducting internal audits Coordinating cash control, currency hedging, credit490 words
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Advertisement390 1977-05-26 11 I notices! 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 Private Limited trading as Tropicana Theatre Restaurant Nlteclub Creditors To:Henri Wong Bok Fun, No. 4-E, Bedok Avenue. Singapore. NOTICE OF ADVERTISEMENT TAKE390 words
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853 1977-05-26 12 HOPE for the best and preSre for the worst this is e line of action Singapore manufacturers are advised to take as they steel themselves to face fiercer competition and mounting protectionism in world markets. To grapple with tough Eroblems ahead, Mr.853 words
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Article273 1977-05-26 12 MANUFACTURERS In Singapore were urged yesterday to upgrade their organisational skills and raise their efficiency at all levels to compete successfully In world markets. The call was made by the newly elected chairman of the Singapore Manufacturers' Association (SMA), Mr. Michael Yeo, during the association's general273 words
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253 1977-05-26 12 Reuter ANKARA, Wed. Turkish Central Bank officials today flatty d—iod intsrnational rumour* that Torkey had imposed a Moratorium on payments for imports. Official sources con* firmed thnt some payments were being delayed because of the country's foreign exchange problem. But they pointed out that itReuter - 253 words
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515 1977-05-26 12 SURPLUS Arab funds are beginning to find their way Into the Asian dollar market In amounts which have been described by a leading French banker as being fairly substantial. This was revealed by Mr. Claude Blangero, Singapore branch manager for Banque Natlonale515 words
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Article787 1977-05-26 12 LONDON. Wed. Equities reacted to yesterday 's sharp rise on profit-taking, while the fall in government bonds was attributed to apprehension about short-term interest rates. At 3.00pm the Financial Times index was down 6.4 at 465.8. Sentiment In government bonds was also influenced by the weakness in sterling787 words
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291 1977-05-26 12 Reuter LONDON, Wed. Singapore Prime Minister Lee Kuan Yew is convinced that the West's concept of human rights and democracy cannot be applied as a yardstick for the developing nations of Asia, the Times of London said today. After an interview with theReuter - 291 words
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527 1977-05-26 12 MALAYSIA'S policy towards petroleum development continues to cast some uncertainty over the operations of Shell Refining Company (FOM) Bhd. At its annual general meeting yesterday, Mr H.J. De Rulter, the new chairman of the company, said that while the controversial management share Ero visions527 words
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Article615 1977-05-26 12 Reuter CANBERRA, Wed. A government appointed commission flashed an amber caution signal to Prime Minister Malcolm Fraser today against any quick mining development and export of Australia's major uranium reserves. The three-man commission, headed by Canberra Supreme Court Judge Russell Fox, declined to make any firmReuter - 615 words
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253 1977-05-26 12 Reuter AP CANBERRA, Wed. Australia will consider market sharing between local and foreign producers where necessary as a shortterm policy to help stabilise sensitive sectors of Industry. Minister for Industry and Commerce, Senator Robert Cotton, said. Such action would only be Introduced after aReuter; AP - 253 words
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Article89 1977-05-26 12 Reuter TOKYO, Wed. Japan and the US open two-day talks In Washington tommorrow on exports of chrome steel and chromium porducts to the US, Trade-industry Ministry officials said. The US has relaxed its ban on chrome steel and chromium Imports, imposed to strengthen United Nations' sanctions againstReuter - 89 words
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232 1977-05-26 12 Reuter TOKYO, Wed. The Finance Ministry is considering the easing of controls on conversion of foreign currencies into yen following yesterday's establishment of a 0.25 per cent reserve ratio for commercial banks' short-term external liabilities, ministry sources said. The controls, Introduced In February 1968,Reuter - 232 words
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Article250 1977-05-26 12 Reuter TOKYO. Wed. Central bankers meeting here agreed that the International Monetary Fund (IMF) should consider the possibility of providing commercial banks with economic and financial Information on countries to which they make loans. Lord Berber said. But while the bankers agreed such information wouldReuter - 250 words
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Article86 1977-05-26 12 MORGAN Grenfell Asia has been elected chairman of the council of the Singapore Merchant Bankers Association at its AGM held on Tuesday. Morgan Grenfell (represented by Mr. Peter Philips, the managing director) takes over the chairmanship from Chartered Merchant Bankers. The other new council members elected are86 words
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Advertisement219 1977-05-26 12 The answers to all complicated calculations are at your A fingertip When unnecessary calculations bore you down and your business comes to a standstill because you mis-calculated, it's time you consult the Professional SHARP CALCULATORS are 'Professors of calculations', Be it simplified or complicated,\ the answers are given QUICK and219 words
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