The Business Times, 27 May 1977
1977-05-27
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The Business Times
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Title Section10 1977-05-27 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, MAY 27, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article57 1977-05-27 1 Reuter ISLAMABAD, Thura. Pakistan's opposition coalition today announced It had agreed to a dialogue with Prime Minister Zulklfar All Bhutto to resolve a protracted crisis over allegedly rigged elections. Political violence since the March 7 elections has cost at least 340 lives and economic losses amounting toReuter - 57 words
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Article56 1977-05-27 1 Reuter HAVANA, Thurs. Cuban fishing vessels will be able to call at US ports to obtain supplies, equipment or repairs under a fishing agreement between the two countries. Under the fishing agreement signed here last month, but only now made public the two countries will also cooperate InReuter - 56 words
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Article78 1977-05-27 1 Reuter HONGKONG, Thurs. The Hongkong government is suing Jailed former police chief superintendent Peter Godber and his wife for HK14.1 million (512.1 million). A writ filed by the colony's Legal Department said that In June 1973, when he slipped secretly out of Hongkong while being Investigated byReuter - 78 words
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Article76 1977-05-27 1 Reuter HONGKONG, Thurs. Water rationing Is to be Imposed In Hongkong from June 1 as a result of the worst drought In 90 years, waterworks director William Tucker announced. He said water supplies would be cut off eight hours a night from next Wednesday. But lie warned: "ThereReuter - 76 words
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Article89 1977-05-27 1 Reuter THE HAGUE, Thurs. Dutch Prime Minister Joop Den Uyl, boosted by a triumph for his Labour Party In the Dutch general election, today postponed the first steps towards forming a new coalition while he deals with Holland's double hostage drama. Political sources said that with theReuter - 89 words
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Article119 1977-05-27 1 UPI NEW YORK, Thurs. Stocks were mixed early today, with bargain hunters buying some bluechip issues. Trading of New York Stock Exchange issues was moderate as many investors watched President Carter's televised news confersncc. i* .A 1 The Do* Jones Industrial average, a 9.16-polnt loser yesterday, was aheadUPI - 119 words
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Chief Price Changes
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Article, Illustration188 1977-05-27 1 KECK Seng (Malaysia) made a disappointing debut in a generally mixed market at the Stock Exchange of Singapore yesterday. Most shares succumbed to fight bearish pressure in the morning but recovered some lost ground on the strength of a late afternoon rally. At the close, the Business188 words
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Article110 1977-05-27 1 Falls Most active Guinness 4.12 Pan Electric 1.76 F and N 3.74 M. Banking 3.82 Utd. Plant. 1.82 Bate 2.09 OCBC 6.60 B. Kawat 1.46 Rises C. Sugar* 2.50 Pacific Dev. 163 Cen. Sec. 1.03 P. Carbide 0.96 Bolton 1.06 Gentiaf 3.62 Set. Prop. 1.42 -.12 —.09110 words
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408 1977-05-27 1 THE Prime Minister, Mr. Lee Kuan Yew, will make a three-day visit to Tokyo, starting on Sunday, for discussions on matters of mutual Interest with the Japanese Prime Minister. Mr. T. Fukuda and several of his cabinet colleagues. The Japanese cabinet members Mr. Lee408 words
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720 1977-05-27 1 COLIN CHEE - •y COLIN CHEE SINGAPORE'S $2 billion petrochemical complex is on the threshold of realisation, after nearly seven years. A report from Tokyo yesterday said that Sumitomo Chemical, the giant among Japanese Ktrochemical companies, s at last succeeded in persuading its 11 competitors to720 words
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Article90 1977-05-27 1 Reuter FRANKFURT, Thurs. West Germany continues to have a healthy foreign trade position, but hopes of cutting the current account surplus appear slim, according to figures released by the Federal Statistics Office today. The foreign trade surplus last month totalled 2.94 billion marks (553.07 billion). ThisReuter - 90 words
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349 1977-05-27 1 AP WASHINGTON, Thurs. Imports of oil, high-priced coffee and transportation equipment contributed to another record monthly trade deficit of US$2.6 billion (556.4 billion) in April, the US Commerce Department reported today. America's trade deficits for the first four months of 1977 total moreAP - 349 words
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Article220 1977-05-27 1 UPI TOKYO, Thurs. Japan's portfolio Investors will soon be able to do business on eight more overseas securities markets, including the Stock Exchange of Singapore, the Japan Securities Dealers Association said today. The other new markets, scheduled to be open to Japanese investors on June 1,UPI - 220 words
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Article203 1977-05-27 1 AUSTRALIAN Prlm< Minister, Mr. Malcolm Fraser, flew Into Singapore last night for a one-day stopover en route to Rome to begin a one-month tour of Europe and the United States during which he will meet Western leaders. Mr. Fraser, who Is accomCinled by his wife, win atnd203 words
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Article100 1977-05-27 1 Reuter HONGKONG, Thurs. The International Commodities Clearing House (Hongkong) Ltd (ICCH) said It will reduce the original deposit or margin per contract on the cotton futures market here to U551,250 from $1,750, effective May 30. ICCH managing director Mr. Peter McLaren said this would brineReuter - 100 words
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Article189 1977-05-27 1 Reuter WELLINGTON, Thurs. The New Zealand Government today moved to make a law proclaiming an exclusive economic zone 320 km from her shores and nearby Islands. The area will be 14 times the country's land area and will be the world's fourth tartest such zone. AtReuter - 189 words
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222 1977-05-27 1 THINGS are beginning to look up again for at least one member of the stockbroking community in Singapore. In its latest annnal report, Lyall and Evatt, one of the larger of the local •tock broking firms and an active participant in the secondary market222 words
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Article111 1977-05-27 1 LONDON, Thurs. World shipbuilding orders dived to their lowest level for nearly 10 years, with nearly 90 per cent of the contracts scheduled to be completed by the end of next year, quarterly figures by Lloyds Register of Shipping showed. In the first three months of111 words
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392 1977-05-27 1 KUALA LUMPUR, Thurs A poor Investment climate, lack of access to tin-bearing land and high taxation are combining to make tinconsumers feel that Malaysian supplies are not secure. This was the view expressed here today by the outgoing president of the State392 words
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Article173 1977-05-27 1 KUALA LUMPUR, Thurs The Government has drawn up a national mining code K standardise and streamle procedures governing prospecting, alienation, issue and renewal of leases and conversion of mining land. In announcing this today, Deputy Primary Industries minister, Mr Lew Sip Htm, said the code173 words
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Page 1 Advertisements
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Advertisement43 1977-05-27 1 Gel advanced copying technology. SEE PAGE 2 Oversea* Newi/TV' 4 Oversee* Stocks P7 Radio P2 Commodities —P8 Overseas Transport ft News/Feature —P3 Communications M Local Co News —P4 Features Pit International Co News- PS Local A Overseas Local Stocks pf News PH. 1243 words
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Advertisement216 1977-05-27 1 SEEPAGES FACTORIES WAREHOUSES For Sale/To Let Gul Drive: 828 m <8,913 ft.) new single storey factory, offices for sale, with site area of 4,87 7 rrr 152,500 sq. fi.) Off Upper Thomson Road 566 irr <6,100 sq ft.) to 1,533 m: (16,500 sq. ft.) factory warehouse units to let Tanjong216 words
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Advertisement400 1977-05-27 1 r WITH *****55 *****5 *****0. *****6 ***** !L lll!l»|]||IIIVIIIILjrAll!i Maker of theWbrkfs first calculator watch. This fantastic Pulsar heralds a whole new generation of Time Computers it puts a highly sophisticated calculator on your wrist as well. The Time Computer goes on working accurately without being affected in any way400 words
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OVERSEAS
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175 1977-05-27 2 Reuter BONN, Thurs. The Federation of German Industry (BDI) rejected the creation of an integrated raw materials programme for the Thlid World as envisaged by the developing countries. In a statement to a Joint parliamentary committe, the BDI said It was in favour of lettingReuter - 175 words
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179 1977-05-27 2 Reuter WASHINGTON, Thurs. The US Comptroller General Elmer Staats said his General Accounting Office (GAO) firmly believes the government should Intervene In the commodity market when necessary to ensure adequate supplies at fair prices and to minimise disruptions resulting from extreme conditions.Reuter - 179 words
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Article35 1977-05-27 2 Reuter ISLAMABAD, Thurs. The British Government yesterday offered Pakistan an aid grant of £9.6 million (Ss3B million) to buy navigational and cargo handling equipment for a new port being built near Karachi. ReuterReuter - 35 words
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879 1977-05-27 2 NYT Reuter WASHINGTON, Thurs. The United States is prepared to make significant concessions In commodity stabilisation, foreign aid and special assistance to the poorest countries to bring the Conference on International Economic Cooperation, the so-called North-South dialogue between rich and poorNYT; Reuter - 879 words
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328 1977-05-27 2 UPI TEL AVIV, Thurs. Mr. Moshe Dayan said today he will agree to join Mr. Menahem Begin's Likudled government as Foreign Minister, a move that shocked some Israeli politicians and brought a temporary halt to efforts to build a broad-based coalition. "This is politicalUPI - 328 words
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407 1977-05-27 2 Agencies WASHINGTON, Thurs. US officials today welcomed pledges from Saudi Arabia on oil and Middle East security but said major differences remained on how to resolve the ArabIsraeli conflict. Two days of talks between President Carter and Saudi Arabia's Crown Prince Fahd IbnAgencies - 407 words
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724 1977-05-27 2 AP BRUSSELS, Thurs. The United States and other wealthy countries are going to keep on lending billions of dollars to the Soviet Union for as long as anyone can see, according to Mr. Helmut Sonnefeldt, who used to be Secretary of State Henry Kissinger'sAP - 724 words
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461 1977-05-27 2 UPI MOSCOW, Thurs. The proposed new Soviet national constitution will deal with such controversial Issues as human rights and the rights of the republics making up the Soviet federation and will contain special chapters on foreign policy and defence. The Communist Party dally PravdaUPI - 461 words
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334 1977-05-27 2 AP WASHINGTON. Thurs. A leading electronics manufacturer urged yesterday that the United States clamD down on the export of advanced technology to the Soviet Union. Mr. J. Fred Bucy, president of Texas Instruments, told the Senate Investigations subcommittee that the Russians may already haveAP - 334 words
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Article307 1977-05-27 2 UPI PARIS. Thurs. The French Government Is working on new measures to curb Inflation and unemployment amid protests from the leftist trade unions against wage freezes. Prime Minister Raymond Barre said yesterday the Government would soon announce new measures to cut raw materials consumption, reform distributionUPI - 307 words
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Article121 1977-05-27 2 Reuter LONDON, Thurs. British Trade Union Congress general secretary Len Murray said he is convinced of the desirability and likelihood of a new understanding on pay between the UK government and unions when the current phase-two agreement runs out at the end of July. Assessing votesReuter - 121 words
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120 1977-05-27 2 Reuter LONDON, Thurs. The British Government announced It will Increase state pensions and social security benefits by about 14 per cent from mid-Novem-ber. Social Services Secretary David Ennals told Parliament the increases will mean a small rise In the real value of benefits of aboutReuter - 120 words
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343 1977-05-27 2 Reuter THE HAGUE, Thurs. Dutch Prime Minister Joop Den Uyl is expected to form t J3oysrnSeSnTwUA kntS'Sa Labour Party record gains. Despite aa unprecedented increase of 10 seats, the Ufgest gala by oae party ia aa election in half a century, the LabourReuter - 343 words
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Article111 1977-05-27 2 UPI ROME Thurs. Italy's steadily growing Communist Party would outpoll the long-dominant Christian Democrats for the first time In postwar history if elections were held now, a poll published today said. The magazine Panorama said a poll done at Its re2uest by the DemoskopeaUPI - 111 words
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Article73 1977-05-27 2 UPI DACCA, Thurs. The Water Development Directorate yesterday said at least 38,848 sq kilometre of Bangladesh will be flooded between August and September this year. The forecast the Ganges Basin has received an abnormal amount of rain this year and more rain, expected during the next fewUPI - 73 words
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310 1977-05-27 3 Reuter NEW YORK. Thurs. Gulf Oil Corp. is undertaking a major effort to Increase Its coal and uranium business to meet the expected switch from oil and natural gas as the nation's key future energy sources, a Gulf executive said yesterday. Mr.Reuter - 310 words
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Article63 1977-05-27 3 Reuter NEW DELHI, Thurs. About 5,000 bargemen and launch crew returned to work at Calcutta port yesterday after a five-week strike that held up valuable exports of Jute goods. Union officials said the men had agreed to return to work following an agreement on wage increases reachedReuter - 63 words
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534 1977-05-27 3 NEW YORK, Thursday Reuter TWO leading economists yesterday agreed that the United States recovery was still in full swing, but warned of a possible downturn next year. Paul Samuelson, the Nobel Prize economist, told the American Iron and Steel Institute's annual meetingReuter - 534 words
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652 1977-05-27 3 TOKYO, Thursday Reuter CHAIRMEN and chief executive officers of major American banks expect prime rate to rise 75 to 100 basis points to a range of 7 K to T/t per cent by year end. In a series of Interviews here the bankers, whoReuter - 652 words
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Article99 1977-05-27 3 Reuter TOKYO, Thurs. US Treasury Secretary Michael Blumenthal —M be »hi«w. the US dollar has remained relatively strong because it is recognised that the present US trade and current account deficit situation Is a temporary eoe. Replying at a press conference to a question on the impactReuter - 99 words
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358 1977-05-27 3 AP NYT PARIS, Than. Members •f tkt Orgaaisatioo of PctnUsa Expertise Countries (Opec) art likely to bo the biggest benefleiarioo of the expected United States balance of paymsnts deficit, American officials said yesterday. The officials estimated this year's deficit between UBIIO billion nadAP; NYT - 358 words
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746 1977-05-27 3 BERLIN, Thurs. Reuter WEST Germany gross national product rose by a real 3.5 per cent In the first quarter 1977 over a year ago, with a similar rate likely for the whole first half, the Berlin Economic Research Institute said. Compared withReuter - 746 words
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208 1977-05-27 3 Reuter WASHINGTON, Thurs. US commercial and industrial loans outstanding fell U***** million (*****1 million) to 8117.8 billion In the week ended May 18. the Federal Reserve Board said. That left business loans outstanding 84.94 billion ahead of the same week a year earlier. Loans salesReuter - 208 words
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Article51 1977-05-27 3 Reuter PARIS, Thurs. The National Assembly voted to approve the 1977 supplementary budget, which forecasts a 12.9 billion franc (556.42 billion) deficit. Deputy Finance Minister Robert Boulln said the budget clarified the policy the Government has followed since last September and ls not a major policy change.Reuter - 51 words
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Article47 1977-05-27 3 Reuter LIMA, Thurs. Peru is opposed to the idea of a moratorium on its foreign debt, Peruvian Foreign Minister Jose De La Puente said. Speaking to reporters before leaving for the north-south talks in Paris, he said: "What Peru wants is better financing conditions," Reuter.Reuter - 47 words
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145 1977-05-27 3 Reuter BONN, Thurs. The West German Cabinet approved measures totalling 600 million marks (8162,400) to combat unemployment and agreed to extend the regional housing programme for another year, the government press office said. Of the extra money to create more Jobs, 330 million will beReuter - 145 words
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Article81 1977-05-27 3 Reuter OTTAWA, Thurs. The Canadian Government's Green Paper on options for ending wage and price controls will be presented to Parliament tomorrow, Finance Minister Donald Mac Donald said. Finance Department officials said the paper Ls expected to recommend a phased withdrawal from the programme, launched InReuter - 81 words
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Article66 1977-05-27 3 Reuter HELENA (Montana). Thurs. Atlantic Richfield chairman Robert Anderson said he expects that prices for domestic refined copper will rise from 71 US cents (851.75) per half kg this year to a substantially higher price by the 1980s. Mr. Anderson said In a speech here that theReuter - 66 words
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Page 2 Advertisements
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Advertisement141 1977-05-27 2 MITSUI TRUST Beacon of Progress f: .-i"f i'k •ILL ITHi« in Singapore. //<>£.> •■&*> j** i ;..■>> -v V. in Singapore. >• fc, fh are Japan's oldest trust bank and command a kay position in the Mitsui Group. Our sarvicas are worldwide in scope. Ufa have the research capability, a141 words
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Page 2 Miscellaneous
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Miscellaneous19 1977-05-27 2 THE WEATHER Hours of SomUm B.hfiii h Mllllailiii Total Rainfall far the Month Total Rainy Days for tho Month19 words
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Miscellaneous271 1977-05-27 2 RADIO TV SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee 'We Meet Again (r) with superimposed English/Chinese subtitles (Pt. 2 of a Mandarin film) 4.05 Diary of Events (Chinese) 4.10 The Beverly Hillbillies Cook Off (r) 0 4.35 Intermission 6.10 Opening announcements followed by Exercise With Gloria 6.30271 words
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Page 3 Advertisements
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Advertisement319 1977-05-27 3 stO TheCH3OO Piling Crane, manufactured by Ishikawajima- Harima Heavy Industries of Japan. The most advanced pile driving equipment available is now in Singapore Mr. I. w. Lau, Managing Director Sum Cheong Ping Pte Ltd Sum Cheong Piling Pte Ltd., The biggest piling contractor in Singapore, is now the proud owner319 words
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COMPANY NEWS
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Article, Illustration792 1977-05-27 4 A SUCCESSFUL stock control programme, coupled with the rescheduling of its debt repayments, has enabled United Motor Works (Malaysia) Holdings to present a tidier consolidated balance sheet at endDecember 1976. Investment in stocks fell by some 18 per cent from Mil 12.86 million to792 words
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Article736 1977-05-27 4 Current Ex Dale Total for Total far payment Date payable the year previous yea Dun Lop Ind. 21.5% Apr 20 May 27 27.5% 22.5% K. Kellas Tin *00% May 4 May 27 500% 250% Ajinomoto 12%TE May 4 May 28 12%TE 8%TEa Intra co 10% Apr 27 May736 words
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249 1977-05-27 4 GOODYEAR Malaysia Berhad a Joint venture between Goodyear Tire and Rubber of the US and Pernas registered record earnings last year, its cochairman. Tunku Dato Shahriman bin Tunku Sulalman said. Tunku Shahriman who Is also Pernas group chairman, said that the company made an249 words
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COMPANY MEETINGS
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24 1977-05-27 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 1977-05-27 4 May 27. 11 a.m., 18th Floor, Conference Hall, Apollo Hotel, 405 Havelock Road, Singapore 3.18 words
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16 1977-05-27 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 1977-05-27 4 May 27, 12 noon. Registered Office, River Valley Road, Singapore.13 words
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Article17 1977-05-27 4 May 30, 2.30 p.m., Straits Trading Building Leboh Pasar Besar. Kuala Lumpur.17 words
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Article18 1977-05-27 4 31, 9.30 a.m.. Registered Office at the Shipyard, Admiralty Road East, Sembawang, Singapore 27.18 words
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Article15 1977-05-27 4 May 31. 12 noon, Ist Floor, Maritime Building. Collyer Quay, Singapore 1.15 words
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Article15 1977-05-27 4 May 31, 12 noon, at DBS Theatrette, DBS Building, Shenton Way, Singapore 1.15 words
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Article18 1977-05-27 4 June 2, 11.30 a.m., Room 404, ENE-PLAZA (4th Floor,). 128 Jalan Pudu. Kuala Lumpur.18 words
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Article19 1977-05-27 4 June 3. 10.30 a.m., 4th Floor. U. 0.8. Building, 1 Bon ham Street, Singapore 1.19 words
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Article18 1977-05-27 4 June 3, 10.45 a.m., 4th Floor, U. 0.8. Building. 1 Bonham Street, Singapore 1.18 words
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Article15 1977-05-27 4 June 3. 12 noon, 14 Jalan 223, Section 20 A. Petaling Jaya.15 words
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Latest results
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Article48 1977-05-27 4 Group pre-tax profit $821,802 (loss, $2.66 million; for the year ended Dec 31, 1976. Net profit $500,282 (loss, $4.8 million) after transferring $300,000 to deferred taxation (transferred from deferred taxation, $700,000), tax of $21,520 (nil) relating to prior year and extraordinary expenses nil ($2.85 million).48 words
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501 1977-05-27 4 A NEW Malaysian-Ameri-can company Involved In environmental protection has developed a set of Ideas which may well provide the answer to the country's Increasing pollution problem. The company Flow Slme Darby Research has made extensive examination of tne pollution problem, especially501 words
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1395 1977-05-27 4 MARGARET REID - By MARGARET REID FT SMALLER companies may seldom have raced such financing problems as they do to-day but they have also rarely enjoyed such a range of potential sources of equity support and backing as Is now available to them. In addition to theFT - 1,395 words
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842 1977-05-27 4 NYT WASHINGTON, Thurs. An expensive, lengthy and critical analysis of the American Telephone and Telegraph Company has become something of a best seller, at least when you consider the $750 price tag for the 454-page paper back volume. During the threeNYT - 842 words
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648 1977-05-27 4 NYT NEW YORK. Thurs. Uncertainty has a depressing effect on securities prices, and in view of the many uncertainties concerning Mesabl Trust it is perhaps not surprising that certificates of this mining property offer a premium dividend return at current New YorkNYT - 648 words
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Article35 1977-05-27 4 Reuters THE volume of trading on the Chicago Board Options Exchange on Wednesday slipped to 81.090 contracts from 87,218 contracts on Tuesday. Prices for Wednesday's trading were not available due to communications difficulties atReuters - 35 words
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Page 4 Advertisements
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Advertisement174 1977-05-27 4 Improve office and factory efficiency with water coolers No longer a luxury but a 'must*. Phone SINGAPORE (0 ORCHARD ROAD PTE LTD A Mfnew oi Th» hcrtap* Or ox .inii'ji l i 1 L in ACCOUNTANCY wHh FOULKS LYNCH Founded over a century ago, Foulks Lynch the specialists in accountancy174 words
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Article558 1977-05-27 5 ALEX MURRAY - NORTH AMERICAN COMPANIES By ALEX MURRAY Reuter PHILLIPB PETROLEUM hopes soon to give a clear picture of production prospects for the Ekofisk oil field In the Norwegian North Sea, according to a company spokesman. The field has been producing at around 170,000 barrels per dayReuter - 558 words
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Article89 1977-05-27 5 Reuter BABCOCK AND WILCOX said it will be filing objections to the Ohio hearing examiners' initial recommendations on the proposed tender for Its shares by United Technologies at US$42 each. The Ohio Commission Department legal counsel has ruled that United Technologies could proceed with Its offer. BabcockReuter - 89 words
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Article87 1977-05-27 5 Reuter AMERICAN TELEPHONE AND TELEGRAPH (ATT) has been notified by the Saudi Arabian Government it will be awarded a contract worth over US$4OO million, ATT president Mr. Charles L. Brown told Reuters before addressing a meeting of regional stockholders here. Mr. Brown said final terms ofReuter - 87 words
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Article57 1977-05-27 5 Reuter STANDARD OIL (INDIANA) said its board has aDDroved plans for a multimillion dollar polypropylene unit at the Chocolate Bayou, Texas facility of its Amoco Chemicals subsidiary. The new unit, with an initial capacity of of 240 million pounds-per-year, will be added to the existing 270 millionReuter - 57 words
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Article35 1977-05-27 5 Reuter DIRECTORS of the James Irvine Foundation have formally approved the sale of the Irvine Co to Taubman-Allen-Irvine for U*****.4 or $40.10 a share. The sale is expected to close within 60 daysReuter - 35 words
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Article54 1977-05-27 5 FOR the year ended April 30, net profit at Commonwealth Edison rose to U*****.97 million from $181.08 million on revenue of $1.97 billion compared with $1.78 billion previousEarnings per share rose to $3.28 from $3.17 last time. Average shares outstanding during the year stood at 62.49 million54 words
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Article96 1977-05-27 5 Reuter TEXACO denied It refused to produce documents subpoenaed by the Federal Trade Commission In a petroleum antitrust case and said documents It offered were refused by the FTC. An FTC staff lawyer said Texaco refused to supply any of the- subpoenaed documents in the case andReuter - 96 words
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Article71 1977-05-27 5 Reuter LITRONIX has received an acquisition proposal from Honeywell. The company said the proposed deal, the terms of which were not disclosed, would acquire court apBroval In proceedings under le bankruptcy laws. It would review the Honeywell proposal, together with other proposals received. Litronix has beenReuter - 71 words
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Article33 1977-05-27 5 Reuter REVLON said Its directors voted to Increase the quarterly dividend to 25 US cents from 22 V* cents a share, payable on July 15, to stockholders registered on June 15. Reuter.Reuter - 33 words
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Article210 1977-05-27 5 UK COMPANIES Reuter LONDON, Thurs. Rolls Royce Motor Holdings is offering seven Rolls Royce ordinary shares for every 12 Fodens ordinary and seven Rolls Royce ordinary for every three Fodens 10 per cent convertible redeemable cumulative preference shares. The offer values Fodens ordinary at aboutReuter - 210 words
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Article148 1977-05-27 5 Reuter LONDON, Thurs. Statecontrolled British Leyland said it lost money in the first quarter of 1977 due to the toolmakers' strike, chairman Sir Richard Dobson told the annual meeting. He gave no details. He said that since the end of March, production has been consistently good andReuter - 148 words
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Article126 1977-05-27 5 Reuter LONDON, Thurs. Lad broke Group chairman Mr. Cyril Stein said the group's half year results should comfortably exceed the figures for the same period last year, putting the company well on course for another record year. He told the annual meeting all divisions are contributing toReuter - 126 words
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Article71 1977-05-27 5 Reuter LONDON, Thurs. The unofficial strikers at the three million tonne per fear British Steel Port Talbot works voted to continue their strike at a mass meeting yesterday, sources close to the strikers said. In a telephone interview the sources said the strUdi* electricians votedReuter - 71 words
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Article190 1977-05-27 5 Reuter UNITED STATES STEEL chairman' Mr. Edgar B. Speer said the Outer administration "might adopt some sort of qualitative quota" on km carbon steel. Mr. Speer, who Is chairman of the American Iron and Btee! Institute (Alsl) also told a press conference there is aReuter - 190 words
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157 1977-05-27 5 Reuter FOBTER WHEELER ENERGY has received a contract from Korea-Iran Petroleum T Kipco) for a fuel and lubricating oil refinery at Onsan, Korea, valued at over US$l5O million. Foster Wheeler said it will direct the project for Kipco, a Joint venture company of National IranianReuter - 157 words
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Article75 1977-05-27 5 STANDARD BRANDS has received sufficient acceptances for its offer for the outstanding ordinary shares of De Erven J. Van Nelle to become unconditional. Last month Standard Brands offered 280 guilders cash per 100 guilder nominal share, for the remaining 43.3 per cent of the75 words
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Article152 1977-05-27 5 HANOVER, Tnurs.-» Group net profit at Preussag Jumped 41.0 per cent to 55.1 million marks (38.9 million marks) last year. The big profit increase was achieved on the back of a 4.4 per cent rise In turnover to 3.07 billion marks (2.M billion marks), including sales152 words
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Article59 1977-05-27 5 Reuter FRANKFURT.Thurs. The Comecon-owned International Investment Bank (IIB) 6 1/2 year Eurocredit has been increased to US$5OO million from the originally planned $400 million because of good market response, Euromarket banker said. The credit, which will be used to help finance the Orenburg gas pipeline project, is inReuter - 59 words
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Article344 1977-05-27 5 ASIAN COMPANIES Reuter MANILA, Thurs. Marin duque Mining and Industrial Corp (MMIC) has obtained an agreement from the government owned Development Bank of the Philippines (DBP) for a loan of US$BB.5 million to meet the company's working capital ana debt service requirements for 1977 andReuter - 344 words
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Article146 1977-05-27 5 Reuter SYDNEY, Thurs. Hutchison International has agreed to raise Its bid for an additional 12 per cent stake in Swift to A 11.70 recommended by an independent accounting firm from $1.50 In a statement to the Sydney Stock Exchange Swift said Its directors are recommending acceptance ofReuter - 146 words
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Article70 1977-05-27 5 Reuter TOKYO, Thurs. Sumitomo Metal Industries has borrowed 20 million Swiss francs from the Swiss Bank on a five-year, 5.5 per cent term loan basis, not guaranteed by a Japanese bank. The company said It took the loan because its straight bond placed with an under- writing syndicate ledReuter - 70 words
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Article64 1977-05-27 5 Reuter KOBE, Thurs. The City of Kobe announced tt will float a 100 million mark, 10year, 6.5 per cent bond early next month through underwriters including Deutsche Bank, the lead manager. The issue price and other terms are still under negotiation in Frankfurt. It said. This will beReuter - 64 words
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Page 5 Advertisements
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Advertisement58 1977-05-27 5 Presenting PETER BRANDON OF AUSTRALIA LAST 3 NIGHTS Sun thru' Thu: 9pm 2am Fri, Sat Eve of Holidays: 9pm 3am Also performing at the Neptune co tporaortd by cruse east -> V- "*S. a m m, t Coming attraction at the toss3El is™ A bevy of stunning beauties, each with58 words
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Advertisement832 1977-05-27 5 TRUST NEW YORK Incorporated with Limited Liability in the U.S.A. CONSOUDATED BTATEMENT OF CONDITION CONSOLIDATED STATEMENT OF INCOME ASSETS Cash and due from banks Money market investments Interest-bearing deposits with banks Other Investments, Including federal funds sold Trading account securities, net Investment securities U.S. Treasury U.S. government agencies and corporations832 words
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Article2073 1977-05-27 6 1*77 HKk Low Coapujr Lut Sale •feeQr*« <Ut D1t e'rr Or*s c Nat P/l Vel (■660) Day High Lew SECTION ONE INDUSTRIALS l 140 133 204 76 212 101 i«e 163 210 392 130 127 204 91 212 57 156 192 182 3S0 Aetna A cm* A2,073 words
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Article1073 1977-05-27 6 BID and offer prices officially listed and business in and reported to the Stock (of Singapore yesterday with the number of shares traded shown |!n brackets In lots of 1000 units junless otherwise specified. All Tine Settlement Contracts are quoted after the word "Sett." Bit Board deals1,073 words
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Article1192 1977-05-27 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lots of 1.000 units unless otherwise specified. INDUSTRIAL! AJMamat* (SIM). XD. M««m (1 MM) A. OHM (O.TIB 0-72ftl) (1)1,192 words
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Article82 1977-05-27 6 STRIKING prteaa of the stack optioaa officially Hated aa the Stock Eickaan at Stegapaaa, tke perioda, bd aad afler pricaa and kuaineaa daaa yaaUrday, witk tke aaakar of optioaa traded ahowa ia krackete. DBS (Dec $3.60) (0 368). lackcapc (June $2.40) (0.028 0.038). OUB (June $3.50) (0.108) Paa82 words
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Article130 1977-05-27 6 ONGAPOU UNIT 1 SUIT INOOMK BOND UNIT flfiMjm' jri— tm 1 Harm (Cail p 4m) TheOoemeee its 1.71 ad moons BOND 1J8 1.11 The Sarin* Fund Ml 8.M 8'panProf Fund O.U 8.87 MtBA lllTl»TPf mu FUND Hay W) fccnrtty 1.84 fcr 8'porelnwwt rund O.M 1.8« FtratBumlputra 1.M 1.73130 words
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Article145 1977-05-27 6 BOTJ 5/8% IM4 (100.000) (MKB M%B) B O T S 1/2% IMI (100,000) (102HB 102%8) D B 8 8 1/3% IMS (100,000) tIOOWB 1018) > B 8 Coawti 1/1% INI 1100,000) (97%8 MHB) :IB 9% 1182 (100,000) (103 *B 103SS) BIBS 1/4% IMS (100,000) (100%8 100'48) I B145 words
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Article95 1977-05-27 6 S 1/2% I/4/7S (290,000) (101.488 101.588) S 1/2% IS/4/78 (250,000) (101.45B) S 1/4% IS/7/7S (250,000) (101.458 101.558) 4 3/4% 1/1/71 (250,000) (100.808 100.848 X 2)100.82 7% 1/7/79 250,000) (104.85B) 5 1/4% IS/19/7S (250,000) (101.70B) S 3/4% IS/C/ 80 (250,000) (103.358) < 3/4% 1/12/88 (250,000) (103.358) 5% T F95 words
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Advertisement119 1977-05-27 6 MWnTaßursm MCE/HSC SCGCE/GCE 'A' Levels London GCE '0' and 'A' Levels A.E.B. GCE '0' and 'A' Levels Qualify"® Test in english Lower Certificate of Education MOCMrn fpenors MOL With mm PUBLICATIONS HOMI STUDIES DIVISION for idl. Wi '■y» l i i fciu mi »w 1 •§C V i I 1119 words
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Article, Illustration655 1977-05-27 7 MALAYSIAN BASED Keck Seng made a disappointing debut la a generally nixed market at tks Stock Eicksu* of Slagapon yesterday. For thoae who had subscribed for ita shares at $1.00 par, there waa Insufficient premium to mako it worthwhile starting the issue. The second issue to be655 words
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Article429 1977-05-27 7 FRESH speculative buying lifted prices slightly In fairly active trading at the Kuala Lumpur stock market yesterday. Most of the activity was centred on second and third liners, which were singled out for some bullish treatment following the past two day bearish spell. The majority429 words
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INTERNATIONAL STOCK MARKETS
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Article344 1977-05-27 7 HONQKONO: Share price* closed generally slightly lower on lack of buying support on Thursday, after trading steady for moat of the day in fairly quiet trading, dealers said. The Hang Seng Index dropped 1.38 points to cloae at 441.13. Among leading stocks fell 10 cents to $15.90. Flngtaag Load344 words
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Article522 1977-05-27 7 TOKYO: Shares fell sharply on Thursday with the Index dropping below 5000 for the first time In six weeks on wide spread liquidations prompted by the continued decline In Wail Street, dealers said. The Dow Jones average lost 32.77 to close at 4.989.27 with volume 130 million shares. The522 words
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Article404 1977-05-27 7 SYDNEY: Uraniums closed sharply lower on Thursday after the Fox report, published on Wednesday, left the decision on uranium mining to the government. dealers said. The Sydney All-Ordinaries index slipped 0.07 point to close at 485.41. Paaceatiaeatal fell $1.55 to $10.30, Queeaslaad Miass 53 cents to $2.27 and Kathlssa404 words
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Article136 1977-05-27 7 MANILA: The market closed mixed with oils rising marginally in sluggish trading, dealers said on Thursday. Total turnover fell to I.& million pesos from Wednesday's 2.45 million. Gainers were Plmp A. Pkil Ovmeu, San Miguel A and B. Oriental A and Beafr«at but Phi lex A lost ground. Unchanged136 words
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Article83 1977-05-27 7 MAT M Bahla IM -f i Bangkok Bank ST ua Bangkok In net 182 un eh eh Bangkok-Metro-polltan Bank Bata 445 Berll Jucker S3 +> Charooof Thai Wlw 1M Duma Dudt Thanl Faber Martin FlratTruat Indo-Thal 1MB unch Induatrlal rtnancc Corp 11M J And J Ho MSB unch Jalaprathan83 words
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Article250 1977-05-27 7 AMSTERDAM: The market closed generally firmer after a hesitant opening ahead of the general election results, bourse sources mid on Wednesday. Most Dutch Internationals were slightly firmer apart from an easier Uailevsr. Elsewhere rises were led by KLM, IHC, Vaa Ommmim and Bois. Hstasken, Fskhsr and AheM were among250 words
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Article161 1977-05-27 7 BRUSSELS: The market was mixed with a lower bias In fair-, ly active trading. dealers said on Wednesday. Aaturieaae, Clabeoq. Vlaille Moatagae, ArM and TabaooAaa were higher but Soflaa, Clakeeg, Hifcrtw, Sc Back and Cometra fell, and HalaaatSambre also ended lower following profit-taking. UK and French stocks rase, Germans161 words
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Article248 1977-05-27 7 FRANKFURT: Shares closed mostly up to 1.90 marks higher a uiet trading, market sources on Wednesday. In chemicals Sshsrtag gained seven marks while in engineerings GBB and In autos Mimin llsTlag rose four marks. OsaM Guana was atoo two marks up. The bond market tended mixed to weaker showing248 words
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Article165 1977-05-27 7 MILAN: The market closed moderately higher In rather quiet, selective trading on Wednesday, which dealers attributed largely to lower selling pressure and also to a technical reaction from a previous heavily oversold position. Bala Viscose, Klat, Gs—rail liaiohllisrs showed fair gains In firmer Industrials. Assiwimi—i GeasraH gained In higher165 words
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Article289 1977-05-27 7 PARIB: The market was mixed in moderate trading with recent firmness restrained by the weak trend on Wall Street, dealers said on Wednesday. Banks, metals, rubbers and chemicals eased while stores, portfolios and printing shares advanced. US stocks were mixed, Germans steady, and golds strong. MAT M rn Air-Liquid*289 words
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Article274 1977-05-27 7 ZURICH: Prices fluctuated narrowly with a firmer Mas In a generally quiet settlement's day trading, dealers said on Wednesday. Swissair continued slightly higher. Bank ruled steady. In financial* Bally stocks met considerable buying interest while Usees bearer fell on heavy liquidation small gains and losses were about haianfert among274 words
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Article334 1977-05-27 7 JOHANNESBURG: Gold shares were basically steady at higher levels toward the close after earlier small gains as dealers consolidated positions In cautious trade on Wednesday. Financial minings were firm with Ckarter 17 cents harder at 300 and GFBA 30 cents harder at 1.400. Da Been maintained an early gain334 words
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Article293 1977-05-27 7 TORONTO: The market cloeed lower in light trading on Wednesday with the composite index off more than five points and declines outpacing advances 237 to 136. Bank of N«vs Seotta gained 3/8 to 17-7/8 on higher six months balance of revenue. Thus Golf eased 1/8 to 27-1/8 and lass293 words
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Article1157 1977-05-27 7 NEW YORK. Widespread losses hit Wall Btreet for the fifth straight session on Wednesday reflecting concern about the economy and climbing Interest rates. The marset began pulling back near mldsesnon when a modest technical rebound flisled out by the afternoon. "The feebleness of the rally turned people off,"1,157 words
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Article67 1977-05-27 7 FINANOAI. TIMES INDUSTRIALS Wedn*sda< 4«25 Tuesday 472.2 Week ago 477.4 DOW JONES AVERAGE INDUSTRIALS Wednesday 903.24 Tuesday 912.40 Week ago 941.91 LONDON DOLLAR PREMIUM Wednesday 112 7 4 to 113H Tuesday 110 7 to 113* H.K. HANG SENG Wednesday 442.51 Tuesday 441.43 Week ago 447.38 SYDNEY INDUSTRIALS Wednesday 377.1167 words
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Advertisement72 1977-05-27 7 *«*pggarjv* JW j® XJk 1 y J i J wm i i: i < &M r V "Wt/MWM. "'V wm^mWtM s|§ ?&imSflB& W K r;m 4K-* fi wmwfMm \ma '-Vw-® S£S* iiMtftutt of Cost imf Society of Co Imthimof CYwrith Foulks Lyn \M« The Director of Studw* PublieMiont Homt StudiM72 words
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COMMODITY REPORTS AND PRICES
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Article487 1977-05-27 8 OPENING quotations in the Singapore rubber market yesterday were marked up fractionally following higher London advices but the market fell back to overnight levels on lack of buying interest. Thereafter trading was inactive as most operators were reluctant to enter into new commitments, they said.487 words
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Article271 1977-05-27 8 Noon Ck M (par kilo) (per kilo) Buyers Sellers Buyers Sellers Int 1 R.S.S. prompt f.o.b. 192.73 183.79M 182.73 188. TON Int. 1 R.S.S. June 194.73 188.00 1M.79 188.88 Int. 1 R.S.S. July 198.73 188.19 188.79 188.39 Int. 2 R.S.S. ***** 192.29N 181.88 182.8881 181.8881 UK/Cont. 190.23 191.291*271 words
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Article74 1977-05-27 8 B.A.8. (Ct natMtfc) (PanraA Mtk) <«■ Mian ■a SSR20 (1-ton Pallet) 183.00 184.00N 184.80 186. SON SSR50 (1-ton Pallet) 190.90 101. SON 182.00 1B3.00N M.R.E.L.B. SMR5CV (l-ton Pallet) 117.00 218.00N <18.00 221.00N SMR5L (1-ton Pallet) 215.50 217.S0N 117.90 218.50N SMR 5 (l-«on Pallet) 198.00 200.00N 380.00 202.74 words
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Article26 1977-05-27 8 Rubber: May 2t Singapore: Jane 194.75 cts (unchanged) Malaysia: Jane IM.OO cts 50.59 ct) $1.45* (down $2) Official offering: 215 tonnes (down 7 tonnes)26 words
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Article247 1977-05-27 8 LONDON, Thurs. Prices at the end of the opening call were 84 (Sep £3,248) to £67 down on last night. 895 lots were traded. Market sources said news that Colombia had reduced the exporters coffee assessment price and not as rumoured yesterday the retention tax had more of a247 words
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Article437 1977-05-27 8 A MIXED trend prevailed In lack-lustre trading at the Singapore produce market yesterday. Fresh acceptances remained minimal as prices here were still slightly on the high side compared with trends prevailing overseas. There continued to be an Inherent weakness in the copra and coconut oil market as the437 words
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Article70 1977-05-27 8 C.I.F Rotterdam, US dollar* par ton. LONDON: Malaysia 5* ffa bulk Wednesday Pre*. Jul/Aug unch Mftrtr Sumatra 8* May unch AM Mr June unch aw* July torxaoopd 686 Mr Auc 687.90 pd 073.90 air Sept unch MS Nov unch 07.10 pd Nigerian 9% ffa bulk unq unq ROTTERDAM:70 words
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Article244 1977-05-27 8 LONDON, Thurs. Terminal opened firm with trade and commission house buying pushing the near Jly position to £2,803 the £40limit up level, and also a record high for that position. Near May was quoted at £3,120 to £3,150 without trading. The turnover before the statutory 15 minute break was244 words
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Article14 1977-05-27 8 Erratum: The duty rate payable (or rubber is 10% cents a lb.14 words
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Article213 1977-05-27 8 BANGKOK, Thurs. Indicative prices for rice quoted in Bangkok were: (US dollars per tonne fob bails Bangkok) White Rice: 100 per cent Ist class 299 100 per cent 2nd 274 100 per cent 3rd 270 5 per cent 258 10 per cent 237 IS per cent 234 20 per213 words
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Article197 1977-05-27 8 THE 8 traits tin price In Penang yesterday was down $2 to f1,456 on an official offering down 7 tonnes to 215 tonnes. In LONDON yesterday morning, tin lost around £36 for cash and £27 for Three Months In the standard contract. High grade was £37 and197 words
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Article305 1977-05-27 8 LONDON, Thurs. Terminal opened steady £0.50 lower to unchanged from, yesterday afternoon closing levels but slightly above the kerb close. Sales totalled 906 lots. Further Information on last week's reports of Chinese white sugar selling interest was that two cargoes were involved at a price around $240 per tonne305 words
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Article221 1977-05-27 8 CHICAGO, Thurs. Soybean futures yesterday •moved downward in early trading and were showing losses of four to 11 cents a bushel around mldsesslon. New crop months showed the greatest weakness, as long profit-taking pushed E rices lower when little uylng interest appeared at the opening. There were 405,000 bu221 words
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Article141 1977-05-27 8 CHICAGO, Thurs. Wheat futures yesterday slipped downward in early trade and were off 2% to 2fc cents a bushel around mldsesslon. Light speculative selling depressed prices In the thin trade, reflecting relatively quiet conditions in cash markets and easiness In corn and soybean futures. The International Wheat Council forecast141 words
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Article107 1977-05-27 8 HONOKONO. Thurs. Cotton futures closed lower wtth losses ranging from 0.52 to 1.17 US.cents per pound, in line with the overnight decline In New York, dealers said. December was most actively traded due to one commission house's large buying support, while May and July were involved In several107 words
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Article169 1977-05-27 8 Van and cotton prtoaa la Hor*koog dollar*, ex-fodown: Cmm Y«a China: Bta* RmmUs in 1.686. m 1.198, <r« us, (par Ml* of She). Plae* Gead* CTUna: Butterfly and Ototw Stand anq,Drafon Head ana. fin Lamb* üßalwnr and Butter- PiMl**l Saw CiHiii. LOS 8.48. 4F IJS, MT 1.68. NT169 words
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Article300 1977-05-27 8 LONDON, Thurs. Copper wire bars in the morning fell mostly £22.50 per tonne. Renewed weakness reflected the performance of the New York market and the further decline in gold this morning, dealers said. After the initial mark down on the pre-market, values found short covering support around the £776300 words
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Article97 1977-05-27 8 LONDON, Thurs. Zinc declined by.£9.50 all round. Having been subjected to renewed stale bull liquidation although the pressure was only moderate compared with lead. Three Months worked down to £334 In the ring but short covering pared losses with the position trading up to £337 In late ring dealings.97 words
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Article106 1977-05-27 8 LONDON. Thurs. Lead lost £15.50 for cash and £15 for Three Months In the morning. The market fell away substantially under a combination of stale bull liquidation, stoploss and chart selling which took Three Months from £368 on the early pre-market down to £347 in the ring at one106 words
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Article315 1977-05-27 8 IN the Singapore gold market yesteiday, the kilobar was traded In the range Of 5111.530 to 8611,570. The loco London gold opened at U*****.30/144.70 and closed at U*****.80/ 145.20 on shortcoverlng and «maii scale buying Interest. The London morning fix was U*****.35, down 40 cents on the previous fix.315 words
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Article160 1977-05-27 8 LONDON, Thurs. Silver closed the morning with losses of 3.8 to 4.2 pence per troy ounce. Sentiment was dampened by the decline at New York, lower gold and the trend in base metals, dealers said. Fresh and stoploss selling took Three Months down to 268.5 pence before covering steadied160 words
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MONEY AND EXCHANGES
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Article503 1977-05-27 8 STERLING rallied strongly in London on Wednesday to open at about 10 points higher In the Singapore foreign exchange market yesterday. Compared with the Brevious day's level of 551.7100/05, sterling was traded steadily at 1.7170/80 before narrowing to $1.7174/70 during the late afternoon. The pound's rise was attributed to503 words
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Article59 1977-05-27 8 ACBC 6*« Algemene Bank 6*. Citibank 6^ Bangkok Bank 7 HSBC 7 Bank of America Indosuez 6\ Bank of China ..7 Malayan Banking 6*» Bank of Tokyo Mitsui Bank 6 J Bank Negara OCBC 6*4 Indonesia 7 OUB 6 J Chartered Bank 6*. UCB 7 Chase Manhattan59 words
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Article152 1977-05-27 8 Asian rates ASIAN current tiM u at clow 7 depodt interbank t on Mkjr M. US Dallu «(■*«> 7d*jn l mth a mthi 3 mthi 6 mthi mthi 12 mUu Offcr 5/8 5 11/16 t 1/16 1/1 6 3/» t/16 11/16 Sw.rn. (■M 8U 9 1/2 t/16 S 15/16 1/4152 words
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Article43 1977-05-27 8 HANOI of pncM < bouM on May M Owernlfht 3% Can depottt 3* iffarad CM Bv by discount 3-Month Treasury MlU 3-Month Bank btlli 3-Month CD •-Month CD 3 4 4 3/16 41/1$ 3% Ik 4 1/1# 4S/ie Source: National Discount Co Ltd43 words
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Article107 1977-05-27 8 HONGKONG, Thurs. The US dollar weakened slightly against the mark to 2.3572/77 from the 2.3590 midpoint equivalent New York close, dealers said. However It firmed against" the Hongkong dollar to 4.6970/80 In fairly active trading from 4.6940/60 on some late buying spurred by the. interest rale differential, they said.107 words
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Article114 1977-05-27 8 Euro rates LONDON, Thurs. Period Eurodollar deposits up to Six Months opened higher reflecting the loss of the Friday dealing technicality, dealers said. Shortdates were steady. Conditions were slightly more active at the outset as dealings are now for the end of the month, they added. Day to day rates114 words
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Article229 1977-05-27 8 NEW YORK. Thurs. The dollar closed Wednesday slightly weaker here on balance after a quiet afternoon marked by a slight fall In the mark, dealers said. The dollar's move came as New York Federal Reserve Bank intervention in the government securities market tended to indicate US short-term interest229 words
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Article200 1977-05-27 8 LONDON, Thurs. Concern that the US will shortly announce another massive trade deficit overshadowed European currency markets in early trading, dealers said. Sterling, meanwhile, was steady In the aftermath of this week's determined Intervention operations by the Bank of England, Involving estimated support of up to $500 million, to200 words
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Article138 1977-05-27 8 TOKYO, Thurs. The US dollar for overnight delivery eased onbalance in light trading after fluctuating in a narrow range and recovering moderately from an initial fall, dealers said. The US unit closed at 277.40 yen. compared with 277.30 al the opening and 277.60 at yesterday's close, they said, the138 words
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Article54 1977-05-27 8 AUSTRALIA/NZ exchanges on May 26 Sterling 0 6454/0 6364 U8 dollar 1.1063/1.1015 Ninety-day air mall buying rates: Sterling 0 6634 US dollars 1 1243 Ninety-day forward buying rates: Sterling 0.6455 US dollars 1 0944 New Zealand: Sterling 0 5546/0 5566 US dolkr 0 9671/0 9571 Ninety-day forward rate: Sterling54 words
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Article38 1977-05-27 8 FRANKFURT exchanges opening quotes on May 26. US 2.3863/73 Can 2 2445/85 UK 4 MMH Neth B5 78/88 Swlta #3.72/82 Italy 2.697/607 France 47.60/70 Nor« 44 67/74 Belf com 6 536/546 Belt fin 6 532/562 Japan 0.8800/1038 words
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Article59 1977-05-27 8 ZURICH exchanges closing quotes on May 25 US 2.8132 -8136 UK 4.3214 3235 Canada 2.3680-3668 W Oerm 156.66 71 Neth 108.23 26 France 36 60-63 Belf 6.V7H 66* Denm 41 61 64 Nor* 47.66-72 M 87 66 66 Italy 0 2*31-263# Austria 14 97 66 Port 6.80-82 Spain 359 words
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Article289 1977-05-27 8 LONDON. Thurs. Straight dollar bonds were basically unchanged to slightly firmer In places In idle trading, dealers said. Convertibles were quietly unchanged. LONDON Eurobond prices quoted on May 28 Austria 8% 90 101* Bell Canada 8%, M 104 V, BFCE9%83 101 v. Brazil 9 k 84 97* Can289 words
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Advertisement195 1977-05-27 8 MM utiuei MUflll This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is divided into six separate reports of about 8,000 words each. There is195 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration2090 1977-05-27 9 MICHAEL DONNE - By MICHAEL DONNE FT OVER the next few months, the Jet engine builders on the United States West Coast, home of the American aerospace Industry, will be raising their production rates on existing models to meet a growing demand from the airlines. This long-awaitedFT - 2,090 words
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Article, Illustration379 1977-05-27 9 EXPECTED ARRIVALS TODAY S KEPPEL WHARVES Blue Orion (Car Carrier) (JPCR) (1500 after Akihlro Mara) 10/11 Bunga Butang (1700 after Rio De Janeiro Mara) 46 Cherry Vllja (B. Barge) (1500 tbc) 42/43 King Lake (0600 after Joan D'arc) 23 Ledu (BOKW) (0600 after Palm Sea Horse) 15/16 Loon379 words
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333 1977-05-27 9 Reuter NEW YORK, Thurs. General Motors Corp (GM) plans to phase in a threeway catalyst on all its cars by the early 1980's, president Elliott Estes told the Economic Club of New York. Mr. Estes said the new catalysts takes care ofReuter - 333 words
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216 1977-05-27 9 Reuter LONDON, Thurs. Orders In hand or under construction at world shipyards fell 3.96 million tonnes to 51.42 million gross registered tonnes in the first quarter of this year over the last 1976 quarter, according to Lloyds register shipbuilding returns. The world order book fell toReuter - 216 words
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Article587 1977-05-27 9 ARRIVALS BffVWI Operator Number KAL KE807 MAS MH682 SIA SQ211 OIA OA90O OIA OA906 PAL PR501 SIA SQ240 RBA BI32S SIA SQ201 KLM KL833 MAS MH684 THAI T0413 OIA OA982 OIA OA944 SAS SK973 OIA GA900 SN SN287 SIA SQ455 A'FLOT SU559 SIA SQ203 OIA OA964 MAS587 words
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Article170 1977-05-27 9 AP LONDON, Thurs. Slow conditions persisted on the London freight market yesterday. Even the time charter section showed diminished Interest. North American grain fixing Included a 50.000-tonne JuneJuly shipment from the US Oulf to Japan by a June-July loader at US$B.45 (FIO) and a 27,000ton ne earlyAP - 170 words
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Advertisement159 1977-05-27 9 1 COCO u .v 2 7. 0 0 0 e i 11 Hm in addition a Memory twitch and Mic/Lina mixing facility A Raak Laval Indicator. Teac s modern cassette tape-decks With the latest technical specs Engineered to the usual high standard of the world's top manufacturer of tape systems159 words
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Article, Illustration1801 1977-05-27 10 CYRIL HERRING - CURRENT COST ACCOUNTING By CYRIL HERRING FT IT IS NOW 30 years since postwar Inflation was worrying accountants and I found myself, as a comparatively junior member of what Is now the Institute of Cost and Management Ac-' countants, arguing with older and wiserFT - 1,801 words
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1113 1977-05-27 10 LACHLAN GILMOUR - Last frontier for striking it rich By LACHLAN GILMOUR FT IN THE remote, arid north of South Australia, lies the largest opal producing centre In the world. The place is called Ooober Pedy an aboriginal name meaning "white fellows' hole in the ground" and each year It provides 70 perFT - 1,113 words
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874 1977-05-27 10 YVONNE PRESTON - TRYING'to urge their huge nation into another Great Leap Forward, the Chineee leaders find themselves handicapped by a lethargic workforce, even though special rewards for good workers include the gift of a red flag or an honourable mention on the factory blackboard. in Peking ByFT - 874 words
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475 1977-05-27 10 JULIO VILLAVERDE - By JULIO VILLAVERDE Reuter ECUADOR, baskiag la prosperity brought on by an oil boom which started a few years ace, is pnpuiaf aiilait the day when tW walls ru dry. It is boMkiai i drive for industrialisation stisd at spreediag tbs bsasflts ofincraaaad oil iacois toReuter - 475 words
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Advertisement280 1977-05-27 10 1 r i f i <% t -i 'J Jl $125/while stocks last! THE TIMES ATLAS of CHINA The Timet Atlas of China la far mora than a collection of datailad, up-to-dete maps. It la an informative, general guide to modern China the land itself, and the economy and peoplea280 words
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449 1977-05-27 11 UPI NEW YORK, Thurs. The Japanese strategy to create a successful and Internationally competitive steel Industry has been based on three elements enormous capital Inputs, rapid growth and government-In-dustry effort to maintain high operating rates, according to a study released yesterday. The study onUPI - 449 words
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Article162 1977-05-27 11 PENANG, Thurs. Construction work on the MsB million New Straits Times Press regional printing plant at Pral Industrial estate began today. The regional plant is expected to be operational by the middle of next year and the first phase of this project will enable162 words
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Article103 1977-05-27 11 A CONFERENCE on "Korea and the International Business Community" will be organised the London Financial imes to be held in Seoul on Sept 8 and 9. It is being cosponsored by the Korean Traders' Association. The conference will explore the opportunities available In Korea's booming economy103 words
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Article91 1977-05-27 11 THREE drafts on a number of products have been finalised by the various technical committees of the Singapore Institute of Standards and Industrial Research (Slsir), and are now available to the public for comments. They are a guide to the description and marking of articles of, or91 words
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Article76 1977-05-27 11 DIETHELM Singapore Pte Ltd has been appointed the sole representative of UnlTubes of Slough, England. As a result of this new agency agreement, the Kopex range of flexible and pliable electrical conduit systems is now being marketed In Singapore and Indonesia, in addition to Malaysia, Sarawak, Sabah and76 words
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Article39 1977-05-27 11 Reuter OSLO, Thurs. Vietnamese Prime Minister Pham Van Dong will pay an official visit to Norway on June 2-3 at the invitation of the Norwegian Government a statement from Prime Minister Mr. Odvar Nordli's Office said yesterday.Reuter - 39 words
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326 1977-05-27 11 A LOCAL cigarette manufacturer is currently taking steps to beat anticipated price trends in packaging materials by visiting overseas suppliers to negotiate new contracts with a view to keeping packaging costs within present price leyels. Speaking to Business Times, Mr. I.S. Ezeklel, purchasing326 words
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Article281 1977-05-27 11 BEGINNING next week, Kodak will give Polaroid a run for Its money, not only In product but In price. With the Introduction of Its Instant cameras, Kodak will not only break Polaroid's 10-year monopoly of "Instants" In Singapore, but the cameras will also be available281 words
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Article163 1977-05-27 11 CLEVELAND Tungsten (S) Pte Ltd filed a $227,455.37 suit at the High Courtyesterday against Sheng Hwal Nah for alleged breach of contract. The World Book Co. (Pte) Ltd. also faced a $221,441.51 claim filed by Sim Hong Boon, allegedly for professional services rendered. Far Eastern Bank Ltd.163 words
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180 1977-05-27 11 Reuter TOKYO, Thurs. Mr. Toshlwo Doko, president of Japan's Federation of Economic Organisations (Keidanren), said he has no objection to a further appreciation of the yen If it reflects market forces. This Is because the yen is being allowed to float freely withoutReuter - 180 words
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158 1977-05-27 11 Reuter TOKYO, Thurs. Japan will not consider tightening Import controls on silk products at present, Trade and Industry Minister Tatsuo Tanaka said. He said this at a press conference after a meeting between Cabinet ministers and parliamentary members of the ruling Liberal Democratic Party (LDP)Reuter - 158 words
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275 1977-05-27 11 AP WEST ORANGE (New Jersey) Thurs. Japan's ambassador to the United States says American sales of Japanese odour television sets Increased last year because of "enterprising and very efficient American retailers." Commenting on last week's agreement between the two countries to limitAP - 275 words
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293 1977-05-27 11 JAPANESE shipbuilders are glumly predicting that their domestic industry might hit a serious depression crisis next year If the present trend were to continue, according to a Jetro shipping publication, Japan Ship Machinery News. These shipbuilders, who. are currently locked In fierce competition In293 words
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Article217 1977-05-27 11 AP WASHINGTON, Thurs. An administrative law Judge of the Federal Trade Commission (FTC) has ordered dismissal of an FTC complaint alleging an anticompetitive agreement in the outboard motor industry, the FTC announced today. The order is not a final decision and is subject to review byAP - 217 words
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Article162 1977-05-27 11 AP JAKARTA, Thurs. An official of a United Nations agency said today he hopes drought that plagued China, India, Brl Lanka, Malaysia and Indonesia would not have consequences on the world's grain harvest. The Food and Agriculture Organisation's secretary general, Mr. Edouard Saouma, said It was difficultAP - 162 words
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487 1977-05-27 11 UPI HONOLULU, Thurs. Although publicly muzzled by President Carter, America's top military brass in the Pacific Is practically unanimous In its opposition to any pullout of US troops from South Korea. V Prior to the Carter clampdown, General John Vessey, Jr., commander ofUPI - 487 words
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168 1977-05-27 11 UPI WASHINGTON, Thurs. The State Department said yesterday that the United States is prepared to have direct contacts with North. Korea If the communist world takes similar steps towards South Korea and If South Korea is Included In the discussions. In response to reporters'UPI - 168 words
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170 1977-05-27 11 UPI WASHINGTON, Thurs The National Labour Relations Board yesterday ruled unanimously that foreign government-owned corporations operating within the United States are subject to federal labour laws In all cases. The board asserted Its own Jurisdiction over such corporations In an opinion Involving employees of theUPI - 170 words
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402 1977-05-27 11 A SEVEN YEAR OLD partnership between Insurance brokers B.F. Leow of Singapore and Stenhouse Group of the UK has been so successful that it Is reputed to be one of the largest Insurance brokers In the region, with business interests spread throughout Malaysia, Thailand, the402 words
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172 1977-05-27 11 MANILA, Thurs The Government will help inance establishment of small coconut oil mills In remote areas by providing credits through Its Development Bank of the Philippines, United Coconut Association of the Philippines (UCAP) officials told Reuter. At present, the Industry relies mainly on172 words
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Advertisement493 1977-05-27 11 APPOINTMENTS 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, credit usage,493 words
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Advertisement355 1977-05-27 11 NOTICES I IN THE MATTER OF THE COMPANIES ACT (CHAPTER 185) AND IN THE MATTER OF PUTKAL PTE. LTD. (Incorporated In the Republic of Singapore) (In Liquidation) MEMBERS' VOLUNTARY WINDING UP NOTICE IS HEREBY GIVEN pursuant to Section 272 of the Companies Act, (Chapter 185) that the Final General Meeting355 words
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279 1977-05-27 12 Reuter WASHINGTON, Thurt. The former chairman of Asamera Oil Corporation paid U*****,000 (SSI.OB million) to Indonesian officials between 1985 and 1978, according to a report from the Canadian company made public today by the US Securities and Exchange Commission. The reportReuter - 279 words
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Article85 1977-05-27 12 UPI BEIRUT, Thurs. The Ministry of Commerce and Industry in Qatar placed a number of foreign companies and ships on the blacklist yesterday for violating the Arab boycott of Israel regulations, the Qatari News Agency said. The new additions on the Qatari blacklist included three Turkish,UPI - 85 words
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703 1977-05-27 12 THERE are no outstanding differences between Singapore and British manufacturers of television sets, the British High Commission here said yesterday. This statement comes five days after It was reported that Lord Peter Thorneycroft, president of the British Radio Equipment Manufacturers' Association, complained that703 words
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168 1977-05-27 12 BRITAIN will support the renewal of the Trade Pledge drawn up by the Organisation for Economic Cooperation and Development (OECD) which aims at upholding principles of free trade. The renewal for a fourth year since 1974 when the pledge was first signed will take place168 words
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Article121 1977-05-27 12 A FRENCH food exhibition which opens at the Ming Court Hotel today, will introduce 300 different types of food products to the Singapore market. Speaking to the press yesterday, Mr. Pierre Plcquot, an official of Sopexa, the society for the promotion of French food, said121 words
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287 1977-05-27 12 AP Reuter VIENTIANE, Thurs. Malaysia's Foreign Minister, Tengku Ahmad Rlthauddeen, today visited the Nam Ngum hydroelectric project north-east of here on the second day of an official visit to Laos. Accompanying Tengku Rlthauddeen was the Lao Secretary of State (Deputy Minister) for Foreign Affairs, Mr.AP; Reuter - 287 words
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Article771 1977-05-27 12 LONDON. Thurs. Early falls among equity leaders were reduced or reversed after better than expected results from CourUuidi and ICI, dealers said. At 3.00 p.m. the Financial Times Index was down 3.1 at 459.4. Government bonds were again lower, losing up to one point with short-term sentiment still771 words
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248 1977-05-27 12 Reuter TOKYO, Thurs. Japan's April industrial production Index rose 1.0 per cent to a preliminary 132.0 (base 1970), seasonally adjusted, after an increase of 2.5 per cent In March, the Trade and Industry Ministry said. The year-on-year rise In the Index was 5.4 perReuter - 248 words
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185 1977-05-27 12 Reuter BANGKOK, Thurs. The Thai Board of Investment on Tuesday granted promotion privileges to seven projects calling for a total Investment of U5532.5 million (3)79.9 million), a Board source said. Promotion privileges include exemption from import duty on machinery and raw materials for factories,Reuter - 185 words
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424 1977-05-27 12 KUALA LUMPUR, Thurs. The 12,000 farm families affected by the drought In the Muda rice bowl may be given temporary employment and other relief as-, slstance. The government will also discuss with the relevant authorities to defer the repayment of existing loans and extend424 words
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350 1977-05-27 12 BINOAPORE flower exS rters will soon register e Singapore Flower Exporters' Association (SFEA) la a bid to thwart attempts by Holland and Italy to reduce orchid exports from Singapore and Thailand Into tnelr home markets. The draft constitution for the proposed association350 words
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Article255 1977-05-27 12 KUALA LUMPUR, Thurs. The Custom Department collected more than M 5332 million in sales tax last year, deputy director general of customs Enclk Abdul Rahlm bin Datuk Tak said today. He said: "Revenue derived from the sales tax increased tremendously since the inception of the255 words
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Article26 1977-05-27 12 Reuter HONGKONG, Thurs. The Hanoi committee of the Vietnamese Communist Party held its seventh congress in Hanoi yesterday, the Vietnam news agency reported. Reuter.Reuter - 26 words
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Article442 1977-05-27 12 SIME Darby Holdings yesterday announced further developments In Its bid to integrate vertically various aspects of Its commodity business. In what It terms Its first slfnlflcant investment in Australia, Slme said yesterday that It would be acquiring a rubber products manufacturer with Dlants in Australia442 words
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281 1977-05-27 12 THE American Business Council, which represents US business Interests here, has started a series of seminars with the Economic Development Board. These seminars, presided over by EDB chairman, Mr. Nglam Tong Dow, are designed to keep ABC investors and potential investors informed of281 words
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Article176 1977-05-27 12 THE second stage of the Household Expenditure Survey, 1977/78, conducted by the Department of Statistics, will begin on June 1 and will last for one year. The primary objective of the survey Is to obtain detailed information on the amount and type of goods and176 words
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Advertisement172 1977-05-27 12 wmE^L u y Jif g&§ ?**>> '$2 ys i> |:.^7/'"^^L^r f <t •V P.ia y ■WW %f Exclusively Designed for the Business Times Resders. Top Locslity. -4-4 Top Quality and Most Artistic Design. Countryside Apartments in the Heart of the City. M Linked with Botanic Gardens. Immediate Occupation. Serene Atmosphere.172 words
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