The Business Times, 9 June 1977

Microfilm: NL9307
Total Pages: 12
1 12 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, JUNE 9, 1D77 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Lock icon Asean reinsurance
      19 1 AFP £t Ministry has asked the Foreign nss^nsas? thffmon^h' 11 A|p" g ceremony before the end of
      AFP  -  19 words
    • Article
      Lock icon From Lyons to Geneva
      68 1 AFP HONGKONG, Wed. United States-Hongkong textile pact talks are to be transferred from Lyons, France to Geneva, It was learned today. It Is understood that Hongkong's chief negotiator, Mr. Peter Tsao, has confirmed reports that the Hongkong team is finding the going tough in view of
      AFP  -  68 words
    • Article
      Lock icon 64pc Golkar majority
      58 1 UPI JAKARTA, Wed. Final official election results today gave the government front Golkar functional group an absolute majority of 64.4 per cent In the new Indonesian Parliament. The final count, made by the General Elections Committee In front of witnesses representing all political parties, gave Golkar 232
      UPI  -  58 words
    • Article
      Lock icon The boycott losers ...
      97 1 The boycott losers AP ALEXANDRIA, Wed. The administrator of the Arab economic boycott of Israel warned the United States and Western countries today that their economies will suffer If they try to stop their companies from complying with the embargo. "There Is a hysterical campaign of draft laws and laws
      AP  -  97 words
    • Article
      Lock icon Diet okays shelf pact
      35 1 AFP TOKYO, Wed. A Japan-South Korea agreement Jointly to develop natural resources on their continental shelf was approved by the Japanese Parliament today amid protests from China and North Korea. AFP
      AFP  -  35 words
    • Article
      Lock icon Dow Jones
      93 1 UPI NEW YORK, Wed. Stocks headed higher early today In active trading of New York Stock Exchange Issues. The Dow Jones Industrial average, which gained 5.60 points yesterday, was ahead 2.29 to 910.96 shortly before the first hour of trading. Analysts said the Dow's ability to avoid a
      UPI  -  93 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      209 1 DESIGNATED securities, Central Sugars and Perak Carbide, were decidedly easier in a generally active and mixed market on the Stock Exchange of Singapore yeeterday. An early bout of buying support for the lowerpriced shares met with profit-taking, which lasted until the morning's close. The afternoon session was
      209 words
    • Article
      In Kuala Lumpur
      109 1 Falls Most active C Sugars 3.18 -.34 G. Lumber 1.033.000 571.000 564,000 P Carbide 1.14 —.18 Haw Par M. Flour 2.92 —.16 Ben E.N.E. 3.48 —.10 Pacific Dev 2R3 mn Genttngs Cen. Sec. G. Lumber 2.15 i.ei 1.27 —.10 -.10 -.09 Total Turnover: 8.06 M Total Value:
      109 words
  • Article
    Haw Par reverses tide of misfortune Partner sought for banking offshoot
    1845 1  -  BACK ON THE PROFIT PATH AGAIN By QUEK PECK LIM DIRECTORS of Haw Par Brothers International yesterday gave shareholders the best news they have heard In two years: the company Is making profits again. This comes after 24 months
    1,845 words
  • Article
    TERMINAL TIN MART STUDY
    122 1 LONDON, Wed. A team of experts will study the feasibility of setting up a terminal tin market In Malaysia, the Commonwealth Secretariat here announced today. The study, commissioned at the request of the Malaysian government, Is expected to help the country Increase Its export Income from
    122 words
  • Article
    Lee urges change in world system
    973 1  -  »y ROB NG LONDON, Wed. Mr. Lee Kuan Yew today made a strong appeal for changes In the present world system so as to make It work equitably for both rich and poor In the changed circumstances of the last quarter of the 20th
    973 words
  • Article
    Challenge before us . . .
    263 1 Challenge before us LONDON, Wed. British Prime Minister James Callaghan opened the largest Commonwealth summit conference here today with a call for action to narrow the gulf between rich and poor nations "the most serious challenge of our age and of our leadership." At the same time he warned leaders
    263 words
  • Article
    Deutz FE puts off plan for the moment
    332 1 DEUTZ Far East announced yesterday that it has decided to shelve it* plans to centralise its operations in Singapore because of a drastic drop in the demand for diesel marine engines. Its managing director, Mr. Til»mas L. Erdhuetter, said the drop in
    332 words
  • Article
    FASC wants Asean govts to ban cartels
    474 1 THE Federation of Asean Shippers Council (FASC) has urged Asean governments to ban or moderate the present contract system of "closed" shipping conferences from operating within Asean. In a resolution which will be presented to the Asean heads of governments through Asean ministers
    474 words
  • Article
    Lock icon Direct trade accord
    127 1 AFP KUALA LUMPUR, Wed. Malaysia and North Korea agreed in principle today to establish direct trade between the two countries. A business until now carried on by Singapore. This was stated by the Minister of Trade and Industry, Datuk Hamzah Abu Samah, following a visit by the
    AFP  -  127 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      34 1 Colour TV is simply great SEE PAGE 3 I Overseas News/TV Radio Overseas News Local Co News Internatioi News Local Stocks P2 Commodities P3 Transport P4 Communicati< Features ps Local A Ox p« News
      34 words
    • Advertisement
      Page 1 Advertisements Column 2
      129 1 We're great LISTENERS, ...so, talk to us. Because we stay tuned to what goes on in the world of finance, we can give clear, sound advice. We are constantly developing new and imaginative plans to meet the financial needs of both small and big businesses. As a specialised financial institution,
      129 words
    • Advertisement
      Page 1 Advertisements Column 3
      149 1 UKumahira BANK VMLAJ M SAFE DEPOSIT WQ DATA SAFE M STRONG SAFE SAFEHLf ft t h ■u I mmm&m *> ■<*<** jftm -o*Aiui Tmmm H Fly Cathay Pacific to beautiful Penang. From Singapore to Plenang and return or on to Hong Kong. Cathay Pacific hostesses from all over Asia are
      149 words
Page thumbnail Page 2
  • OVERSEAS
    • Article
      Lock icon Consumers still going for cotton fabrics
      273 2 AFP WASHINGTON, Wed. World cotton consumption in 1977-78 should rise about 2 per cent above estimated 1976-77 use of 61.1 million bales and approach the 1975/76 record of 62.4 million bales, the US Department of Agriculture said today. World cotton production is currently estimated
      AFP  -  273 words
    • Article
      Lock icon Venezuelan railroad
      62 2 AFP OTTAWA. Wed. A new 700-km Venezuelan railroad costing a total of US$l billion (552.5 billion) will be built by a consortium of Canadian and Spanish firms. Industry Minister Jean Chretien announced here. Contracts worth $350 million should be booked by Canadian companies over the coming two years,
      AFP  -  62 words
    • Article
      Lock icon Soviet crop will be third biggest in history says US
      445 2 WASHINGTON, Wednesday UPI THE Agriculture Department's first 1977 forecast of Soviet grain production appears to confirm earlier forecasts that, barring a return of damaging droughts this summer, global grain production will exceed needs again this year. A Department task force
      UPI  -  445 words
    • Article, Illustration
      Lock icon Documents detail Nixon's wheat deal with Russia
      545 2 AP WASHINGTON, Wed. The US Agriculture Department (Usda) today released documents showing exactly what kinds of terms Nixon administration trade negotiators were prepared to offer the Soviet Union in the spring of 1972 in what became the largest grain deal in history. Except
      AP  -  545 words
    • Article
      Lock icon Saccharin linked with cancer
      139 2 Reuter WASHINGTON. Wed. A report prepared for Congress agreed yesterday with a US Food and Drug Administration (FDA) finding that the sweetener saccharin probably causes human cancer. But the medical report by the Office of Technology Assessment said it could make no reliable estimate of how
      Reuter  -  139 words
    • Article
      Lock icon Air Inter buys two more
      127 2 Reuter PARIS. Wed. France's domestic airline, Air Inter, yesterday announced the purchase of two additional European A-300 Airbuses, increasing its Airbus fleet to five. The announcement, made by Air Inter chairman and chief executive Robert Vergneaud at the Paris International Air Show, brings to 40
      Reuter  -  127 words
    • Article
      They look, taste and feel like the real thing
      232 2 PHILADELPHIA. Wed. If strawberries or certain nuts such as pecans ever become scarce, If the price of shrimp and coffee ever soar out of sight, food technologists say thev will be ready with chemical substitutes that often look, taste and feel
      232 words
    • Article
      Lock icon Index up
      46 2 Reuter BERNE, Wed. Switzerland's wholesale price index rose 0.1 per cent in May to 149.5 (base 1963), making an increase of 1.4 per cent over May lasV year compared with an April year-on-year gain of 1.2 per cent, the Federal Statistics Office said. Reuter.
      Reuter  -  46 words
    • Article, Illustration
      Lock icon Non-union territories draw the investors
      892 2 OHIO, Wednesday Economist NEARLY one third of all announced foreign investments in manufacturing in the United States are made in the south-east. Why? Mostly because unions are feeble (see map) and wage rates comparatively low. "Foreigners are terrified about being unionised." says Mr Robert Will,
      Economist; Source: The Austin Company  -  892 words
    • Article
      Lock icon Palm oil not a threat remark angers US soybean men
      812 2 AP Reuter WASHINGTON, Wed. US Agriculture Secretary Bob Bergland has ruffled a few American feathers In remarks made on his current Asian trip. Soybean farmers are particularly Irked at his remark that he does not consider palm oil to be
      AP; Reuter  -  812 words
    • Article
      Lock icon PANAMA TALKS TO REOPEN IN U.S.
      140 2 AFP WASHINGTON, Wed. The United States unexpectedly announced today that US-Panamanian negotiations on a new treaty for the Panama Canal are to resume this week in Washington, rather than in Panama on June 13 as had originally been planned. US officials said the new
      AFP  -  140 words
    • Article
      Lock icon Oilseed and meal prices will remain high
      408 2 Reuter CHICAGO. Wed. Oilmeal and oilseed prices are likely to remain high until June or July and will thep depend more on new-crop supply and demand prospects. Hamburg-based Oil World said. It said it feels the chances for an upward break-out of prices
      Reuter  -  408 words
    • Article
      Lock icon Trade team goes home
      74 2 AFP HONGKONG, Wed. A trade delegation from Equatorial Guinea left Peking for home on Monday, New China News Agency reported today. The delegation was led by director of the National Commercial Enterprise Esono Ondo Nsuga. While in China, the delegation held trade talks with Chinese import
      AFP  -  74 words
    • Article
      Lock icon Gold price sustainable at $350 an ounce
      460 3 LONDON, Wed Reuter AN average gold price of at least US$l4O (Ss3so) an ounce is sustainable in 1977, Consolidated Gold Fields said in its annual gold review. Such an average price would compare with the 1976 average of $124.80 an ounce. The report
      Reuter  -  460 words
    • Article
      Lock icon Morgan sees real GNP rising to 7 pc in this quarter
      703 3 Reuter NEW YORK. Wed. Real gross national product appears likely to rise close to a seven per cent annual rate in the current quarter, according to economists at Morgan Guaranty Trust. Writing in the bank's current monthly survey, they
      Reuter  -  703 words
    • Article
      Lock icon Court rules against Arctic Eskimos
      116 3 Reuter ANCHORAGE. Wed. US district court Judge James Fitzgerald dismissed the North Slope trespass case in which oil companies and the State of Alaska were charged with violating aboriginal land rights of Arctic Eskimos before the 1971 land claims settlement. The suit had about 100
      Reuter  -  116 words
    • Article
      Lock icon Carter energy proposal saved by one vote
      257 3 UPI WASHINGTON. Wed. Just one vote saved the Administration from a humiliating defeat on the very first of i f .s energy proposals to come before the United States House of Representatives Ways and Means Committee. The narrow victory for President Carter's proposed
      UPI  -  257 words
    • Article
      Lock icon SWEEPING AIR FARE CUTS BY SWISS
      164 3 Reuter ZURICH. Wed. Airlines operating in Switzerland yesterday announced sweeping fare cuts aimed at evening out price discrepancies caused by the strength of the Swiss franc. The Board of Airline Representatives In Switzerland, Unking Swissair with more than 50 competitors, said fares paid in
      Reuter  -  164 words
    • Article
      Lock icon Senate approves anti-Arab boycott Bill
      199 3 UPI WASHINGTON, Wed. The Senate approved yesterday a compromise antiArab boycott Bill aimed at prohibiting Americans from refusing to do business with blacklisted firms in compliance with Arab boycott demands. The Bill, which has the support of the Administration, was sent to the House of
      UPI  -  199 words
    • Article
      Lock icon Bundesbank steps in to support weak bond mart
      328 3 Reuter FRANKFURT, Wed. The regulating authorities, principally the Bundesbank. Intervened strongly In the domestic bond market yesterday, to support prices In the wake of unexpectedly large and possibly speculative sales, bond market sources said. The market was surprised by the weakness of
      Reuter  -  328 words
    • Article
      Lock icon Bonn surplus is above forecast
      157 3 Reuter FRANKFURT. Wed. West Germany had a provisional current account balance of payments surplus of DMB4S million (*****.3 million) in April against a downward revised DM2.42 billion surplus in March and a DMI36 million surplus in April 1976, the Bundesbank said. This compares with the
      Reuter  -  157 words
    • Article
      Lock icon Rate unlikely to change
      53 3 Reuter NEW YORK, Wed. UK Interest rates are likely to remain broadly around current levels In the near future, British Industry Secretary Eric Varley told a business seminar here. Mr. Varley said the recent sharp decline In rates has already had some Impact on Investment Intentions
      Reuter  -  53 words
    • Article
      Lock icon Canadian refinance package in the offing
      213 3 Reuter TORONTO, Wed. The Bank of Canada is expected to announce plans later this week for a US$l billion (552.46 billion) refinancing package, money market analysts said. A total of $649 million of Canadian issues fall due on July 1, and the analysts generally
      Reuter  -  213 words
    • Article
      Lock icon 'Poor nations will bear brunt of oil price hike'
      246 3 Reuter AFP WASHINGTON, Wed. The White House said today an increase .In the price of oil would damage developing countries more than economically strong nations such as the United States. Press Secretary Jody Powell said the White House hoped Saudi Arabia
      Reuter; AFP  -  246 words
    • Article
      Lock icon $250m EEC note offer in US
      82 3 Reuter WASHINGTON, Wed. The European Economic Community said it filed a registration statement with the Securities and Exchange Commission covering a proposed US offering of US$lOO million (***** million) of notes due 1982. Proceeds will be used to prepay the balance of a floating
      Reuter  -  82 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      144 2 TRADE MALAYSIA Malaysia's International Export Catalogue of Products and Services m m M This is your most ideal medium to promote your products or services to rnp VVOrld 1S co our^ catalogue will be distributed free to selected buying centres and trade fairs around the world and also given to
      144 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      52 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on June 8 at Singapore airport. Maximum Temperature 30.5° C Associated Humidity 75 Minimum Temperature 23.3° C Associated Humidity 95 Hours of Sunshine 4.20 Rainfall in Millimetres 2.8 Total Rainfall for the Month 104.5 Total Rainy Days for the
      52 words
    • Miscellaneous
      Page 2 Miscellaneous Column 2
      286 2 RADIO TV SINGAPORE 5 3.00 P.M. Opening announcements followed by Housewives' Matinee The Other Woman (r) (Pt. 1 of a Mandarin film with superimposed English/ Chinese subtitles) 3.45 General Hospital 4.30 Intermission 6.00 Opening announcements followed by Lassie Temper The Wind 0 6.30 News in Brief 0 6.35 Warna-Warni (Malay
      286 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      315 3 Which bank helps you come to grips with today's fast-moving world? We do. Bank of America. In today's rapidly changing world situation,the successful execution of business plans calls for flexibility and fast response. Information must be current and complete, arid requires constant alertness by a professional staff, both in the
      315 words
Page thumbnail Page 4
  • COMPANY NEWS
    • Article
      DIVIDENDS ANNOUNCED
      794 4 Current payment El Date Date payable i! Total for previoua year C.K. Tang Hongkong Land SEA Corpn. Apollo Ent. 8% 4.4% 25% 5% May 13 May 4 May 13 May 16 June 10 June 10 June 10 June 11 8% 6.6% 35% 5% 3% 5.8% 30% O.C.B.C. Batu
      794 words
    • Latest Results
      • Article
        BANDA RAYA DEVELOPMENTS
        25 4 Consolidated pre-tax profit M 5809,254 ($1.29 million) for the year ended Dec 31, 1976. First and final dividend nil (five per cent).
        25 words
      • Article
        GEORGE KENT (MALAYSIA)
        32 4 SIA) Audited group pretax profit Ms 2 million ($1.72 million) for the year ended March 31, 1977. First and final dividend 12 per cent (10) payable Aug 26. 1977.
        32 words
    • Article
      PEOPLE IN BUSINESS
      40 4 ESSO Malaysia has appointed Dr. R.J. Kruizenga as chairman and Mr. C.A. Rose as managing director with effect from June 7. The company has accepted the resignation of Mr. R.W. Smith Jr. as chairman and managing director.
      40 words
    • Article
      Malex Asbestos income reaches unexpected high
      445 4 MALEX Asbestos Cement has come up with some pleasant surprises for Its shareholders In the latest financial year ended Dec 31, 1976. After a setback of some 55 per cent last year, pre-tax profit surpassed Its expectations to reach the highest ever level of
      445 words
    • Article
      Hotel Negara looking to a profitable future
      512 4 WITH the company now In full ownership of the hotel building and site, Hotel Negara chairman, Dr. Yap Pheng Geek believes it is about to turn Its back on five consecutive years of Losses. He regards the completion of the purchase of the
      512 words
    • COMPANY MEETINGS
    • Article
      Rubber output for April
      85 4 Kilograms Austral Enterprises 14,001 Ayer Molek Rubber 38,368 Benta Plantations 70.000 Buklt Katll Rubber Castlefleld 141,976 Consolidated Plantations 1,379,000 Dunlop Estates 1,188,355 Glengowrie 28,123 Golden Hope 675,090 Guthrif Ropel 329,000 Holyrood 54,431 HonRKong(Selangor) 14.969 Inch Kenneth Kalang Kempas(M) 308,000 Killlnghall (Rubber) 16,783 Klnta Kellas Rubber 164,656
      85 words
    • Article
      Copra and cocoa
      16 4 Copra Tons Cocoa Tons Dunlop Estates Golden Hope Patallng 452.08 87.00 258.93 5.65
      16 words
    • Article
      CHICAGO BOARD OPTIONS
      1274 4 On June 7 TRADING In puts and call options on the Chicago Board Options Exchange totalled 83,623 contracts on Tuesday compared with 85,579 contracts on Monday. OPTION JLY OCT JAN STOCK Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AtlR AUR Avon Avon Avon Bank
      1,274 words
    • Article
      Perak Carbide: The current craze of shareholders in two stock exchanges
      1168 4 ONE of the new-found favourites on the stock markets on both sides of the Causeway during Its recent flurry Is Perak Carbide the Talping-based company with some sound qualities but one big problem. As an Indication of the recent
      1,168 words
    • Article
      Central Oil Palms sells estate
      353 4 CENTRAL Oil Palms, a wholly-owned subsidiary of Central Securities (Holdings). has sold its oil palm estate for MSIS million. The sale will result in a profit of about $5.27 million for Central Securities and strengthen the group s liquidity. Central Securities says in a letter
      353 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      199 4 Give us a man foramonthwe'll give him a language for life rangua now the largest group of language schools in the world offers a range of intensive language courses specifically designed for the busy executives whose work and position require them to attain a high degree of proficiency in a
      199 words
Page thumbnail Page 5
  • INTERNATIONAL
    • Article
      Lock icon Kennecott's sale approved
      220 5 NORTH AMERICAN COMPANIES Reuter THE Federal Trade Commission (FTC) unanimously approved the application of Kennecott Copper to sell Peabody Coal to Peabody Holding company made up of five companies. FTC approval of the sale is required by a 1974 commission order Peabody Holding will pay US$l.l billion
      Reuter  -  220 words
    • Article
      Gulf and Western exchange offer
      126 5 GULF AND WESTERN INDUSTRIES will make an exchange offer to holders of its 5 1 per cent convertible subordinated debentures due July 1, 1993. Gulf and Western said it will issue U*****.50 principal amount of its seven per cent subordinated debentures series "A" due July
      126 words
    • Article
      Lock icon Fuqua reconsiders
      149 5 Reuter FUQUA INDUSTRIES, the conglomerate, said It would reconsider its offer to purchase the 47 per cent of Avis stock held by a courtappointed trustee for International Telephone and Telegraph. Fuqua has offered U5515.50 a share for the stock In the car rental company, and has indicated it
      Reuter  -  149 words
    • Article
      Smithkline venture
      48 5 SMITHKLINE has entered into a Joint-venture marketing agreement with Fujisawa Pharmaceutical of Osaka, which will market prescription pharmaceutical products In Japan. Under the agreement, which is subject to Japanese government approval, the companies will share equally the expenses and earnings of the Joint venture, Smithkline said.
      48 words
    • Article
      Western Electric
      46 5 WESTERN ELECTRIC the manufacturing arm of American Telephone and Telegraph, yesterday announced an overall price Increase of 1.2 per cent effective July 1. Western Electric said the higher prices will be paid by bell system companies which buy its products Including telephones and switchboards.
      46 words
    • Article
      Lock icon BHP seeks price rise
      135 5 ASIAN COMPANIES Reuter MELBOURNE, Wed. Broken Hill Pty (BHP) has applied to the Price Justification Tribunal for permission to raise its prices of domestic steel products. A price rise of about five per cent will not cover costs incurred since a price rise last October, BHP
      Reuter  -  135 words
    • Article
      Lock icon Mt. Newman arbitration
      115 5 Reuter PERTH, Wed. Formal arbitration on the Mount Newman industrial agreement will start in the Western Australia Industrial Commission today. Representatives of Mount Newman Mining and the nine iron ore industry unions met for almost two hours yesterday to discuss the dispute over the new agreements. Mount
      Reuter  -  115 words
    • Briefly
      • Article
        DAI-ICHI KANGYO BANK
        23 5 After-tax profit 13.11 billion yen for the first six months ended March 31, 1977 (12.52 billion). Dividend 2.5 yen (same).
        23 words
      • Article
        Fuji Photo Film
        29 5 After- tax profit 7.05 billion yen (4.30 billion) for first half ended April 20, 1977 on sales 128.84 billion (107.19 billion). Interim dividend 3.75 yen (same).
        29 words
      • Article
        Mitsubishi Metal
        25 5 After- tax profit 1.59 billion yen (4.79 billion) for the year ended March 31, 1977, on sales 217.50 billion (179.04 billion). Dividend (nil).
        25 words
      • Article
        Mitsui Bank
        20 5 After-tax profit 7.85 billion yen (7.52 billion) for the year ended March 31, 1977. Dividend 2.5 yen (same).
        20 words
      • Article
        Mitsui Mining and Smelting
        27 5 After-tax profit 1.74 1 billion yen (2.64 billion) year ended March 31, 1977, on Sales 204.42 billion (166.44 billion). Dividend four yen (five).
        27 words
      • Article
        Nisshin Steel
        26 5 Aftertax profit 3.78 billion yen (1.32 billion) for the year ended March 31, 1977, on sales 299.52 billion (227.24 billion). Dividend five yen (same).
        26 words
      • Article
        Sharp
        23 5 After-tax profit 5.76 billion yen (2.72 billion) year ended March 31, 1977, on sales 285.05 billion (201.79 billion). Dividend 7.5 yen (same).
        23 words
      • Article
        Takeda Chemical Industries
        27 5 After-tax profit 7.45 billion yen (7.33 billion) for the year ended March 31, 1977, on sales 303.58 billion (273.90 billion). Dividend 7.5 yen (same).
        27 words
      • Article
        Mitsui Electric
        23 5 Net con- solidated profit 2.37 billion (288 million for the year ended Jan 31, 1977, on sales 46.20 billion (24.29 billion).
        23 words
    • Article
      Lock icon R. Beecham's rewarding find
      685 5 FT LONDON, Wed. Mr. Richard Beecham. has a penchant for wandering around the forgotten areas of his factories. As a result his company, Dunbe?-Combex-Marx, which ranks among the five biggesf toymakers in the world, may find itself quite unexpectedly up to £500,000 richer. For coming under
      FT  -  685 words
    • Article
      MINING FIRMS IN N. SEA VENTURE
      1015 5 LONDON. Wed. A great deal of attention has been paid in recent years to the intrusions into mining made by the oil companies. Less attention has been paid to those mining companies who undertake investments in oil, largely because such undertakings are invariably made
      1,015 words
    • Article
      Alfa Romeo cuts losses
      175 5 EUROPEAN COMPANIES MILAN, Wed. Alfa Romeo has managed to reduce its net 1976 loss to 48.4 billion lire from 84.7 billion lire despite the inclusion of a higher loss of 32.5 billion (30.6 billion) suffered by subsidiary, Alfa Sud. The reduced losses came on the back
      175 words
    • Article
      Lock icon Red Adair Norwegian concern
      85 5 Reuter OSLO. Wed. Mr. Red Adair, the American who dealt with the recent Ekoflsk Bravo North Sea K reduction rig blowout said e will establish a subsidiary concern in Norway called Red Adair Company. Norway. He told a press conference it will operate as owner of
      Reuter  -  85 words
    • Article
      Lock icon Fiat, BBC study
      44 5 Reuter TURIN, Wed. Flat and Brown Boverl (BBC) have agreed to study prospects for collaboration on electric traction and electric controls In power stations. Group members Involved include Tecnomaslo Itallano Brown Boverl. Flat Termomeccanlca- Nucleare Turbogas and Flat Ferrovlarla Savlgllano. Reuter
      Reuter  -  44 words
    • Article
      Lock icon Swedish Match denies Filipino unit setback
      568 5 Reuter STOCKHOLM, Wed. Svenska Taendstlcks (Swedish Match) has denied a Reuters story Issued on June 2 which said Its subsidiary the Philippines Match had In recent days corrected earlier excessive estimates of the value of stocks and was now reporting losses Instead of profit.
      Reuter  -  568 words
    • Article
      Lock icon Del E. Webb varied interests criticised
      723 5 NYT NEW YORK, Wed. Del E. Webb, a construction comfrnny organised by a minoreague baseball pitcher who parlayed off-season carpentry work In Phoenix into a major business a generation ago, now has Interests In shopping centres, office buildings, hotels, retirement communities and gambling casinos.
      NYT  -  723 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      159 5 to make quality reproduction more economical and more reliable. Frustrated with 'poor' reproduction like getting polar bears for pandas? Even with copies of copies, solid black is solid black, and white is white. Half Tone photos are reproduced with vividness and clarity. MODEL SF 720 Economical savings on paper Copies
      159 words
Page thumbnail Page 6
  • Article
    Share Information Service
    2244 6 Gr'« Qr'i Net If77 Laat div Div yH P/E Vol Day Hick Low Company Sale e'rr CO«) High Low SECTION ONE INDUSTRIALS 146 136 Acma 144 unch 12.ON 1.1 8.3 7.2 1 144 144 133 127 Acma A 129 unch 12.ON 1.1 9.3 6.5 I 129 129
    2,244 words
  • Article
    Transactions in Singapore
    1756 6 BID and offer prices officially listed -and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word •'Sett." Big Board
    1,756 words
  • Article
    In Kuala Lumpur
    1695 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Kxehanee yesterday with the number of shares traded shown in brackets In lots of 1.000 units unless otherwise specified. INDUSTRIALS A learn (2.008). A. Chtc (0.598) (1) 0.90. A.R.I. (0.698 0
    1,695 words
  • Article
    Stock options
    112 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business dooe yesterday, with the number of options traded shown in brackets. DBS. (June *3.90 0.02B) (June S3 60) (0.305) Inchcape (June $2.40) (0.108. 0.145) (4) 0.14,
    112 words
  • Article
    Unit trusts
    141 6 SINGAPORE UNIT TRUST INCOME BOND ITNTT (Manoim' prices for Job* 9) (Current prices) TheCommerce 1 04 1.73xd INCOME BOND 1.05 1.11 The Saving Fund 0.90 0.95 Spore Prog Fund 0 82 0.87 S pore Security Fund 1.46 1.54 S'pore Invest Fund 1.01 1.07 MARA BUMIPLTRA FUND (Managers' prices
    141 words
  • Article
    CORPORATE BONDS
    188 6 B O T 7 VB% 1984 (100.000) (98V,8 98%5) B O T 8 1/2% 1981 (100.000) (102'<«B 1038) D B S 8 1/2% 1982 (100.000) (100*B 101*8) DBS Convert* 6 1/2% 1991 (100.000) (988 98^S) E I B 9% 1982 (100.000) (103*B 103 7 E I B 8
    188 words
  • Article
    GOVERNMENT BONDS
    109 6 5 1/2% 1/4/78 (250.000) (101.40B) 5 1/2% 15/4/78 (250,000) (101.508 101.655) 5 1/4% 15/7/78 (250.000) (101.508 101.575) 43/4% 1/5/79 (250.000)(100.75B 100 85S) 7% 1/7/79 250.000) (104.658) 5 1/4% 15/10/79 (250.000) (101 708 101.85S) 6 3/4% 15/8/80 (250.000) (103 40B) 6 3/4% 1/12/80 (250.000) (103 40B) 5% T F
    109 words
  • Page 6 Advertisements
Page thumbnail Page 7
  • Article, Illustration
    SES TENDS EASIER
    431 7 DESIGNATED securities, Central Sugar* and Perak Carbide were decidedly easier in a generally active and mixed market on the Stock Exchange of Singapore yesterday. An early bout of buying support for the lower-priced stocks met with profittaking, which lasted until the close of the morning session. 4
    431 words
  • Article
    SHARES TURN LOWER AT KL
    589 7 THE strong uptrend noted over the past two days stalled on the Kuala Lumpur Stock Exchange yesterday under the combined weight of profit-taking and short selling. Shares Initially rallied higher in an extension of Tuesday's bullish trend but the swift emergence of profit-takers lured by
    589 words
  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      351 7 HONOKONO: The market closed generally higher In (airly quiet trading on Wednesday, dealers said. The Hang Seng index was down 0.03 points to 440.07 potato. Whsolock Mardsa was fairly active, closing 2.5 cents higher at $2,775, while Hsosfr—g Uad rose five cents to $7.30 and Jardime Matbeeoa 10 to
      351 words
    • Article
      Tokyo
      520 7 TOKYO: Share prices on Wednesday continued lower throughout the day on liquidations In blue chips and popular* In dull trading, dealers said. The Dow Jones average lost 10.60 to close at 4,954.83 with volume 120 million shares. The new index closed at 275.14, down 0.07. Investors were reserved following
      520 words
    • Article
      Sydney
      426 7 SYDNEY: The market closed weaker on Wednesday In quiet trading with only uranium stocks moving against the trend, dealers said. The Sydney All Ordinaries dropped 0.41 points to close at $400.51 points. Paacoatl—tal rose 05 cents to 11.40, while Queensland Mines was unchanged at $2.55 and Kathleen slipped three
      426 words
    • Article
      Manila
      187 7 MANILA: The market advanced strongly across-the-board on Wednesday led by oils on resumption of drilling In the South China Sea, dealers said. Orieatal gained four points. Phil Ownu two points and Basic Petroleum one point among oils. Higher metal prices abroad boosted mining Issues, with Atlas gaining six points.
      187 words
    • Article
      Bangkok
      102 7 JUNE M Bahts Asia Fibre ITT ♦3 Bangkok Bank 301 ♦2 Bangkok Invest. 11a ♦J Bangkok-Metro-polian Bank Bata *57 Berll Jucker U2 •S CharoongThal Wire ias ♦1 Dumex DusltThanl 1988 -1 Faber Merlin First Trust Indo-Thal 1808 unch Industrial Finance Corp 1225S J And J Ho in 3 Jala
      102 words
    • Article
      Amsterdam
      315 7 AMSTERDAM: The market closed lower In very quiet trading on Tuesday, with Uatlever and Royal Dutch leading declines In Dutch Internationals. Elsewhere, banks and Insurances were slightly firmer with the exception of ABN and Arafmi. KLM lost 2.20 guilders. Shippings, trading snares and insurances were mostly lower headed by
      315 words
    • Article
      Brussels
      167 7 BRUSSELS. Share prices closed mixed to mostly lower on Tuesday after Wall Street's easier close, bourse sources said. Sidro, Union Miniera, Cfebacq and GB were higher but Ciirti, Vieille Montifiw, Gevaert, Mootan*, St Koch, CotiMtra and AiM all fell Hobo ken was unchanged after saying It expects some Improvement
      167 words
    • Article
      Frankfurt
      326 7 FRANKFURT: Shares closed mostly one to three marks weaker on Tuesday due to the easier US tone and to buying reservations resulting from a weaker bond market, bourse sources said. Neekermann rose against the trend by 2.10 marks but the reason for the buying was unclear, they said. Ordinary
      326 words
    • Article
      Zurich
      283 7 ZURICH: The market closed slightly lower on Tuesday In continued quiet dealings. Leading banks were narrowly mixed. Leu Bearer and Hypotbekarkank Wintertkur eased while Kraditanatah ruled very steady Uadia Registered and Parka 'A' lost some ground. Among Tittle changed financial -I u vena Bearer and Oarli-kon-Buehlre Registered were steady.
      283 words
    • Article
      Jo'burg
      401 7 JOHANNESBURG: The stock market was quiet on Tuesday because of the UK holdlay, but most sectors showed a firmer trend, dealers said. Gold shares hardened on overnight New York demand and local buying interest. Heavyweights gained up to 50 centswhlle medium and lightweight Issues rose up to 25 cents
      401 words
    • Article
      Toronto
      309 7 TORONTO: The market closed generally higher on Tuesday in light trading following a session dominated hy easier prices. The composite Index was up more than one point but declining Issues led advances by a small margin. Home Oil A gained mto 30 W. Thomson Industries 7/8 to 15V4. Bell
      309 words
    • Article
      New York
      1259 7 NEW YORK: Stocks rebounded in fairly active trading after chanting direction at about mid-course on Tuesday. Analysts cited no specific reason other than internal factors for the turn around. On Monday, prices went Into a slow retreat as investors became discouraged over the market's failure to extend last
      1,259 words
    • Article
      Indices
      59 7 FINANCIAL TIMES INDUSTRIAL Tuesday closed Monday closed Week ago 44®.5 DOW JONES AVERAGE INDUSTRIALS Tuesday 906 67 Monday 903.07 Week ago 896 66 LONDON DOLLAR PREMIUM Tusday closed Monday closed H.K.HANG SENG Tuesday 446.10 Monday 448.04 Week ago 438.96 SYDNEY INDUSTRIALS Tuesday 375.17 Monday 375.16 Week ago 374 13
      59 words
    • Article
      Lock icon ICI raises profit
      164 7 Reuter MELBOURNE. Wed. ICI Australia made an unaudited consolidated operating profit of A 516.3 million on revenue of $364.14 million for the first half-year ended March 31. 1977. This represents an increase of 54 per cent on the operating profit of $10.56 million in the previous halfyear.
      Reuter  -  164 words
    • Article
      Lock icon Montedison
      50 7 Reuter MILAN. Wed. Montedison has signed an 80 billion lire contract with the Soviet Union for supply of a series of plants to produce colouring materials for synthetic and articlflcial fibres. The project will be carried out by Montedison's engineering unit, Tecnlmont, and the plants will use Montedison technology.
      Reuter  -  50 words
    • Article
      Lock icon Accord on loan
      154 7 Reuter TOKYO, Wed. The government of Brazil and a syndicate of 24 Japanese banks have agreed on terms of a US$lOO million loan to the Brazilian Steel Corp Slderbras, banking sources said. The loan, consisting of $50 million and about $15 billion yen, will be repaid over
      Reuter  -  154 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      310 7 T. Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar ma/am! Because Penguin books are rather special. They are mind-stimulating, deeply researched, '1 flp entertaining in a wholesome way, highly educational i# ■ta mum quite un,ike
      310 words
Page thumbnail Page 8
  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      359 8 OPENING quotations in the Singapore rubber market yesterday were marked up 0.25 cents but prices fell back gradually by 0.75 cents on freer offerings of Oct/Dec 1977 and some upcountry selling. Short-covering was evident at the lower levels, however, helping part of the earlier losses
      359 words
    • Article
      Closing prices
      30 8 Rubber: June 8 Singapore: June 194.25 cts (up 1.25 ct.) Malaysia: July 198.25 eta (up 1.00 ct) Tin: $1,448 (up $1.75) Official offering: 186 tonnes (up 6 tonnes)
      30 words
    • Article
      R.A.S. PRICES
      346 8 Noon Close (perkllo) (perkllo) Buyers Sellers Buyers Sellers Int. 1 RSS prompt f o b. 193.00 194.008 194.25 195.25N Int. 1 RSS June 192.50 193.00 194.25 194.75 Int. 1 R S 8 July 196 00 196.50 197.50 197.75 Int. 2R.S.S. 189 75 190 75N 191.00 192.00N UK/Cont 188
      346 words
    • Article
      SSR AND SMR
      110 8 Jul July R.A.S. (C urrent Mth) (F( irwird MU») Buyer* SelW» Buyer* Sellers (a ■dU par kg) (c nti per kg) SSR20 (1--ton Pallet) 192 50 193 50N 194.00 195 00N SSRSO (1--ton Pallet) 190 00 191.00N 191 50 192.50N MR.E.L.B. July August SMRSCV (1_ ton Pallet)
      110 words
    • Article
      Cocoa
      290 8 LONDON, Wed. Terminal opened In the morning and immediately hit £40 limit up with near Jly at £2,966. No business was transacted. At end morning terminal values were £57 to £83 higher in sales of 1.438 lots. After the initial limit up move the near Jly position reached £3,005
      290 words
    • Article
      Produce exchange
      516 8 TRADING In the Singapore commodity markets yesterday practically ground to a standstill with local dealers generally unwilling to commit themselves for want of proper price Indications from overseas. The lull was attributed mainly to the closure of all London markets on Monday and Tuesday for the bank and
      516 words
    • Article
      Coffee
      286 8 LONDON, Wed. Futures ended the opening session l'lso (Jly £3,050) to £81 higher compared to Friday's close. At end-call, however, values tended to drift and the market closed officially 'slightly easier' with 531 lots traded. Dealers said the rise was mostly a technical adjustment based on New Yorlts 'C'
      286 words
    • Article
      Palm oil
      35 8 C.I F. Rotterdam, US dollars per ton. Tnriiy Pw: ROTTERDAM: Sumatra Jun S67 SO slr/MS pd 872 50 sir Any origin 770 sir June/Oct 785 sir Zaire Belg francs per kilo unq unq
      35 words
    • Article
      Duty rates
      66 8 THE Malaysian Minister of Finance has fixed these rates for the period from June 9 until further notice: Rubber: 88 3/8 cents a lb Copra: $966.00 a ton Palm Kernel: $235.25 a ton The rates of duties payable are: Rubber: $9 5/8 cents a lb (Total 15 1/8
      66 words
    • Article
      Straits tin market
      163 8 THE Straits tin price In Pen&ng yesterday was up $1.75 to $1,448 on an official offering up 6 tonnes to 186 tonnes. In LONDON yesterday, tin finished the morning with losses of £25 for cash and £15 for Three Months In the standard contract. High grade was
      163 words
    • Article
      Sugar
      188 8 LONDON, Wed. Futures opened barely steady under trade selling which saw prices £0.70 to £0.20 per tonne down from preholiday levels. Sales were 182 lots. Morocco for raws, and Egypt, Yemen and Sudan for white are all holding buying tenders this month, the sources said. Prices generally held steady
      188 words
    • Article
      Hongkong comex
      298 8 HONGKONG, Wed. Cotton Futures closed higher with gains ranging from 0.58 to 1.60 US cents, following the overnight rise In New York, dealers said. December and March were most actively traded on commission houses profit-taking, while May was untraded due to its small open position of 10 lots,
      298 words
    • Article
      Soybeans
      339 8 CHICAGO, Wed. Soybean futures were mixed around midday yesterday, with old crop months up 14 cents a bushel and new crop contracts off two to five cents. Prices advanced at the opening on speculative buying in nearbys generated by the larger than expected export inspections last week, while new
      339 words
    • Article
      Wheat
      120 8 CHICAGO. Wed. Wheat futures showed fractional losses around mid-day yesterday on a light trading volume. Prices moved within a range of only two cents a bushel through the morning, edging to the plus side Initially on a lack of selling and the supporting Influence of advances In soybean futures.
      120 words
    • Article
      Copper
      270 8 LONDON, Wed. Copper In the morning finished with cash unchanged and Three Months £0.50 per tonne higher. Trading on the LME made a slow start following the holiday although copper values held very steady at the start of pre-market dealings reflecting the New York trend, dealers said. Three Months
      270 words
    • Article
      Rice
      205 8 BANGKOK, Wed. Indicative prices for rice quoted here were: US dollars per tonne fob basis Bangkok White Rice: 100 per cent Ist class 295 100 per cent 2nd 280 100 per cent 3rd 276 5 per cent 263 10 per cent 240 15 per cent 237 20 per cent
      205 words
    • Article
      Silver
      208 8 LONDON. Wed. Sliver showed minor losses of 0.1 to o.3pence in the morning. Modestly higher pre-mar-ket values in sympathy with the base metals were not maintained. Nevertheless the market ruled steady In the ring with higher gold and the bullion dealers fix providing underlying support, trade sources said. The
      208 words
    • Article
      Lead
      72 8 LONDON, Wed. Lead fell by t'2.50 per tonne all round In the morning. Prices established firmer levels on the pre-market under fairly substantial trade buying, dealers said, with Three Months reaching £340 per tonne at one stage. Subsequently, stale bull liquidation and short selling reversed the trend and Three
      72 words
    • Article
      Gold
      327 8 THE kilo bar opened at SSI 1,390 In the Singapore gold market yesterday and Immediately moved lower to 5511,370. It touched a low of 5511,363 before recovering' back to close at 5i11,375. Trading was hectic. In the loco London market, the metal opened at U*****.60/90 and some scattered selling
      327 words
    • Article
      Zinc
      56 8 LONDON, Wed. Zinc declined in the morning by l' 4 for cash and £3.50 for Three Months. This metal followed the trend in lead with general liquidation taking Three Months from £323 In the early pre-market down to €313 In the ring before shortcoverlng cushioned the fall. Sales of
      56 words
  • MONEY AND EXCHANGES
    • Article
      Singapore
      454 8 RATES In the local money market remained firm yesterday, with overnight money closing a point higher at 5 V» per cent from the morning's 4V» per cent. Although dealers were unable to pinpoint the main reason for the general tightening, some attributed It to tax payments and large mid-year
      454 words
    • Article
      Minimum lending rates
      48 8 ACBC CH Citibank .7 <H 7 HSBT lit Bank at America •H Indoauez Cl. Bank at China 7 Bank at Tokvo Mitaui Bank .1. CH Bank Nefara OCBC Indonesia 7 OUB C* Chartered Bank Chaae Manhattan IH «S L'CB UMBC 7 7 DBS COB «'4
      48 words
    • Article
      Asian $ rates
      166 8 Asian rates ASIAN currency deposit interbank rates as at close on June 8 US Dollan (Spot) Offer Bid 7 days 55/8 51/2 1 rath 5 3/8 51/4 2 mths 511/16 59/16 3 mths 513/16 511/16 6 mths 6 3/16 61/16 9 mths .61/2 6 3/8 12 mths 611/16 6 9/16
      166 words
    • Article
      Discount
      46 8 RANGE of prices offered by discount houses on June 8 Overnight 3* Call deposit 3% doting Buy Selling 3-Month Treasurybllls 3 2 7/8 3-Month Banks bills 4 1/16 315/16 3-Month CD 4 3/8 41/4 8-Month CD 4 9/18 4 7/16 Source: National Discount Co. Ltd
      46 words
    • Article
      Hongkong
      103 8 HONGKONG, Wed. The yen firmed to 274.80/90 against the US dollar here from 275.37 midpoint equivalent at the New York close, In quiet trading, dealers said. The mark was also marginally higher at 2.3597/3607 from 2.3607 in New York, while the Hongkong dollar weakened slightly to 4.6860/80 from 4.6845/60
      103 words
    • Article
      Euro $ rates
      97 8 Euro rates LONDON, Wed. Business was Initially slow In Eurodollar deposits following the long weekend, dealers said. Period deposit rates were adjusted lower reflecting the Friday dealing technicality and have shown little change since, they added. Short dates were steady with some business done In the middle of quoted ranges.
      97 words
    • Article
      Treasury bills tender
      52 8 THE Monetary Authority of Singapore (MAS) Invites banks and discount houses to tender for: (a) $40 million 91-day Treasury bills to be Issued from June 13 to June 17; (b) $20 million 364-day Treasury bills to be issued on June 15. Each tender must not be less
      52 words
    • Article
      New York
      231 8 NEW YORK, Wed. The dollar finished at or near its best level of the day yesterday in light trading, which saw some continued nervousness involving the Scandinavian currencies. Dealers said the dollar exhibited a firmer tone and continued to gain through the session. The continued closure of London
      231 words
    • Article
      London
      291 8 LONDON, Wed. The US dollar eased In quiet early trading with markets generally disappointed over recent US trade figures and the general progress of US economic indicators, dealers said. The yen strengthened, partly on technical reasons and also following reports Japan's trade surplus for fiscal 1977 will substantially exceed
      291 words
    • Article
      Tokyo
      172 8 TOKYO. Wed. The US dollar for overnight delivery fell sharply in active trading to close at 274.90 yen, down from 275.40 at the opening and 275.55 at yesterday's close, but no central bank intervention was detected, dealers said. After opening easy reflecting the continued low level of import settlement
      172 words
    • Article
      Australia/NZ
      63 8 AUSTRALIA/ NZ exchanges quoted on June 8. Australia Sterling 0 6468/ 0 6397 US dollar 1.1080/ 1 1032 Ninety-day air mall buying rates Sterling 0 6655 US dollars 1 1333 Ninety-day forward buying rates: Sterling 0 #473 US dollars 1 0964 New Zealand: Sterling 0 5003/ 0 5571 US
      63 words
    • Article
      Zurich
      56 8 ZURICH exchanges closing quotes on June 7 US 2 4920-4930 UK 4 2842-2870 Can 2 3596-3614 w oertn 105 58-96 Neth 100 90-99 Franc* 50 36-40 Be If 6 89'-i-90 Denm 41 25-28 Norw 47 27-30 Swed 56 44-47 Italy 0 2812-2814 Austria 14 80-83 Port 8.42-45 Spain 3
      56 words
    • Article
      Frankfurt
      10 8 FRANKFURT exchanges opening quotes on June 8 were unavailable.
      10 words
    • Article
      Eurobond prices
      147 8 LONDON. Wed. Straight dollar bonds were steady and basically unchanged in quiet trading following the long UK holiday, although the DSM $40 million 1987 8 Vi per cent issue, which was priced at par. was trading at 98Vi 99 and the Nippon Fudosan $30 million 1982 7* per
      147 words
    • Article
      Lock icon Manitoba bond
      54 8 Reuter FRANKFURT, Wed. The Province of Manitoba ISO million mark Eurobond should be In the market tonight with a seven-year maturity, primary bond market sources said. Discussions over the coupon are as yet Incomplete but market conditions indicate 0.5 or 6.7S per cent, they added. Lead manager Is
      Reuter  -  54 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      43 8 PLEASE REMEMBER! CHANGE OF ADDRESS AND TELEPHONE NUMBERS Asia Research Pte Ltd *****45/6 Far East Trade Press Group *****17 *****93 Travelnews Asia *****07 All of the above 3 companies are now housed at: Room 2815, 28th floor International Plaza, Anson Road Singapore 2.
      43 words
Page thumbnail Page 9
  • TRANSPORT AND COMMUNICATIONS
    • Article
      SINGAPORE THE FOCAL POINT OF NEW ERA IN FAR EAST SHIPPING
      372 9 A NEW era in shipping in the Far East is taking shape with Singapore as its focal point, said Mr. Anthony Schome of H.N. Development. With this development, the onus of efficient shipping is therefore on Singapore. But, Mr.
      372 words
    • Article
      Interseas service to Persian Gulf
      240 9 INTERSEAS Shipping Pte Ltd expects to have two barges sailing for the Persian Gulf towards the end of this month or at latest by July, depending on how quickly the remaining deck space will be taken-up Rates charged will depend on the services rendered. a
      240 words
    • Article
      Oil slick mop-up completed
      81 9 THE Port of Singapore Authority's (PSA) antipollution craft completed mopping up operations at the Western Anchorage yesterday. The patches of oil at the Anchorage resulted from a collision by the bunkering barge "Oriental" against Mobil Refinery's No. 3 Berth at Mobil's oil terminal in Jurong. As
      81 words
    • Article
      Lock icon American TV sales expected to reach 14m units
      382 9 Reuter CHICAGO, Wed. Telvision tales in the United States should rise to about 14 million units in 1977, up from the 12.9 million units sold in 1976, executives of television manufacturers forecast. At a panel discussion at the consumer electronics show, Mr.
      Reuter  -  382 words
    • Article
      Lock icon GM's area HQ
      32 9 Reuter MANILA. Wed. General Motors Overseas Distribution Corp has chosen the Philippines as the site of its regional headquarters, the Department of Trade, which approved GM's application, said. Reuter.
      Reuter  -  32 words
    • Article
      Lock icon Russians ready to join highspeed rail age
      902 9 RIGA (Lativa), Wednesday UPI THE Soviet Union is about to Join the age of highspeed rail transportation with the entry of a sleek bullet-shaped electric train capable of speeds up to 206 kph. Eight years after its Inception, the Soviets are soon scheduled
      UPI  -  902 words
    • Article
      Lock icon Where barges offer greater potential than containers
      376 9 AFP HONGKONG. Wed. A Canadian shipping consultant. Mr. Jack Bathurst. said here yesterday that barge carriers would offer a much greater potential for the trades of developing countries than that of containerisation. Mr. Bathurst was speaking at the opening session of Bargecon 77,
      AFP  -  376 words
    • Article, Illustration
      IN PORT
      334 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Anton Chekhov (0600 after Dong Bee) 45 Barge Tai Chin (0700 alongside Nedlloyd Karakorum) 10/11 Hosei Maru (JGHY) (Car Carrier) (1400 after Sondershausen) 31/32 Kanazuru Maru (Tanker) (after Kapitan Kaminskiy) 15 Palm Sea Horse (Tanker) (after Kapitan Kaminskiy) (P/O) 16 Tarantel (after Main
      334 words
    • Article
      Eastern Shipping Lines
      234 9 EASTERN Shipping Lines, incorporated in the Philippines in 1957, was set up in the hope of supplying Filipino maritime expertise to meet the requirements of Asian trade. The company has acquired and developed a fleet of small but fast-moving cargo vessels which, by its calculations, are beat
      234 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      578 9 ARRIVALS Service Operator Number Local Time From OA CPA MAS PAA CPA OA472 CX003 MH682 PA847 CX710 0005 0145 0610 0840 1000 SYD/MEL HKO KCH SFO/HNL/OUM HLP SIA OIA OIA PAL SIA SQ211 OA 980 OA908 PR501 SQ240 1015 1030 1100 1115 1140 HLP HLP MES MNL
      578 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      62 9 Bu SINGAPORE MC(P) 162/1/77 VOL.I N0.5 MAY 1977 PRICE:S3.OO n KM -ICR V IP3 -S v COVER Credit cards MANUFACTURING Toys TRADE Timber COMMUNICATIONS Airfreight TOURISM Trends and limitations LIFE AT THE TOP Chandra Das INVESTMENT Bearings TRENDS When diamonds spell disaster Trends in Singapore's economic indicators Commodity markets SUPPLEMENT
      62 words
Page thumbnail Page 10
  • Article, Illustration
    Lock icon JAPAN
    1054 10  -  Like Hongkong, shortage of supply means Japanese land prices are unusually high by world standards. But there are areas which have been lying idle for several years, mainly for economic reasons, and foreign developers have been increasingly active since they were allowed on to the market two years ago.
    FT  -  1,054 words
  • Article
    Lock icon MAKING THE BRITISH ENGINEERS RESPECTABLE
    884 10  -  ADMIRINGLY, teach-yourself-French textbooks often seem to use phrases like "Jeanne-Pierre est ingenieur-chimiste," and Germans like to call engineers "Doctor," but in Britain engineers are regarded as doing grimy and unprestigious work. Now I British schools, universities and employers are trying 1 to upgrade the standing
    FT  -  884 words
  • Article, Illustration
    Lock icon Spain's 3 'problem' areas in the general elections
    1011 10  -  Bv RICHARD WALLIS Reuter SPAIN'S three "problem" regions, rocked sporadically by extremist violence, will between them return 100 of the 350 deputies to the Lower House of Parliament In the June 15 general elections. Not all of them will be Basque, Catalan
    Reuter  -  1,011 words
  • Article
    Lock icon IMF plan to get Mexico on its fleet a disaster
    1069 10  -  UNDER the guidance of the International Monetary Fund, Mexico has run into its worst economic trouble for 40 years. In some parts, peasants are now only able to afford food every second day. But the government is sticking it out
    FT  -  1,069 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      510 10 Business Management in Penguins THE DEBT TRAP The Debt Trap: Cheryl Payer The International Monetary Fund is the most powerful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their own economies and the role of IMF in frustrating
      510 words
Page thumbnail Page 11
  • Article
    Lock icon SLOWDOWN IN JAPANESE EXPORTS: STUDY
    468 11 AFP UPI TOKYO. Wed. Japan's exports will slow down In the second half of this vear while its imports will grow gradually, according to a survey published by the Economic Planning Agency today. The quarterly survey taken last month showed that 29 major Japanese trading
    AFP; UPI  -  468 words
  • Article
    Lock icon Decision soon on car plant set-up in California
    466 11 UPI AFP TOKYO, Wed. Two major makers are seriously considering seating up factories in the United States and wil. probably make decisions about it "In the near future," an aide to California Governor Edmund Brown Jr. said today. Mr. Tom Qulnn, Mr.
    UPI; AFP  -  466 words
  • Article
    Hooded students plan 'rights' demo
    135 11 LONDON, Wed. Leftist Singapore and Malaysian students in London are planning a demonstration in Parliament Square tomorrow when Singapore Prime Minister Mr. Lee Kuan Yew and the Malaysian Prime Minister, Datuk Hussein Onn, both here for the Commonwealth heads of states meeting, dine with British
    135 words
  • Article
    Lock icon Quest for more yen loans
    94 11 Reuter TOKYO. Wed. Thai Finance Minister Suphat Suthatham asked Japan for a fifth cash loan to help Thailand complete its fiveyear economic plan, the Finance Ministry said. He made the request during a meeting with Finance Minister Hideo Boh. but made no mention of the
    Reuter  -  94 words
  • Article
    Lock icon THAILAND GROWTH
    84 11 AP BANGKOK, Wed. Thailand's population increased to 43 million while per capita Income nearly doubled during the third five-year plan (1972-76), according to figures released by the National Economic and Social Development Board. Per capita income in 1972 was 4.266 baht (about *****) and by the end of
    AP  -  84 words
  • Article
    Lock icon Tokyo to check rice stockpile
    205 11 Reuter TOKYO. Wed. Japan may consider reinforcing its rice production cutback to check a further rise in its rice stockpile, AgricultureForestry Ministry sources said. They said the Government will have to review the current three-year rice field utilisation plan, which began last year, wherein the
    Reuter  -  205 words
  • Article
    Lock icon Cement producers plan cutback
    133 11 AFP TOKYO, Wed. Japanese cement manufacturers plan to keep their production facilities at a level 45 per cent below capacity between mid-June and the end of September. In a move to deal with the recession, the Cement Manufacturers' Association yesterday applied to the Fair Trade Commission
    AFP  -  133 words
  • Article
    ON SHIP FINANCING
    115 11 THE SINGAPORE Association of Shipbuilders and Repairers (SASAR) will be jointly organising a seminar on ship financing with the Institute of Banking and Finance. The two-day seminar, to be held on July 22 and 23. will provide the rare opportunity for bankers, shipbuilders and shipowners in Singapore
    115 words
  • Article
    Lock icon Fukuda less hopeful of early ties
    148 11 Reuter TOKYO, Wed. Japanese Prime Minister Takeo Fukuda has moved away from his previous optimism about.the early conclusion of a peace and friendship treaty with China, sources within the ruling LiberalDemocratic Party said today. Mr. Fukuda told a press conference on May 27 that
    Reuter  -  148 words
  • Article
    Lock icon Sarawak joint venture
    117 11 AFP TOKYO. Wed. Two Japanese firms, Hino Motors and Toyo Menka Kaisha. a leading trading firm, have agreed to set up a joint venture company in Sarawak to sell Hino trucks and buses in a tie-up with a local interest. The new company. Hino Malaysia, will be
    AFP  -  117 words
  • Article
    Lock icon More go bust
    76 11 Reuter TOKYO, Wed. Bankruptcies in Japan in May rose to 1,652 from 1,583 in April and 1,219 in May last year. The Tokyo Commerce and Industry Research Company i whose figures are used by the Bank of Japan In its bankruptcy statistics, said debts Involved in May
    Reuter  -  76 words
  • Article
    MEET OPENS
    34 11 TOKYO, Wed. Environment experts from Japan and the United States today opened a three-day meeting to exchange views on recent topics concerning environmental protection, pollution by chemicals and noise and ocean contamination.
    34 words
  • Article, Illustration
    Citicorp chief to visit S'pore
    162 11 ONE of America's foremost bankers, Mr. Walter B. Wriston (above), chairman and chief executive officer of Citicorp will be in Singapore for a two-day visit beginning June 14. Mr. Wriston, whose company's principal subsidiary is Citibank, one of the two largest banks in the world,
    162 words
  • Article
    $246m loan to Korean bank a surprise
    178 11 A CONSORTIUM of mainly European banks led by Deutsche Bank has put together a US$lOO million (***** million) loan for the Korea Exchange Bank. Although clearly planned some months ahead, the loan is somewhat surprising In that the South Korean authorities are known
    178 words
  • Article
    Lock icon Liberia move to service shipping
    212 11 AFP HONGKONG, Wed. The Llberlan Bureau of Maritime Affairs is to open an office in Hongkong probably by September, It was learned today. This office will take over and expand the services of the present office In Japan and the reason for this was given
    AFP  -  212 words
  • Article
    Kobe mill starts production
    284 11 SINGAPORE Kobe, the onlv copper tube and pipe mill in Singapore, has began production at an initial output of 20 per cent of its total capacity. Its managing director. Mr. Takashi Kido. said he expects production to reach its full capacity of 100 tonnes by the
    284 words
  • Article
    Lock icon Viets flex muscles over Spratlys
    157 11 AFP HONGKONG, Wed. Barely three months after China vowed to "recover" the Spratly islands which were partly occupied by a Vietnamese garrison, the Vietnamese navy launched a campaign to increase its combat readiness by conducting naval exercises. The Voice of Vietnam Radio reported today that
    AFP  -  157 words
  • Article
    Lock icon Uranium export decision soon
    169 11 AP CANBERRA, Wed. Australia's acting Prime Minister. Douglas Anthony, confirmed today that decisions on whether to export uranium will be made within two months. He said that the government's commitment to further debate on the issue in Parliament did not preclude prior decisions. "It is the
    AP  -  169 words
  • Article
    Lock icon AUSSIE SURPLUS RISES
    93 11 Reuter CANBERRA. Wed. Australia's seasonally adjusted visible trade surplus rose to US$34 million (SSB4 million) In Mav from $10 million in April, compared with a $52 million surplus In May 1976, the Statistics Bureau reported. Exports totalled $985 million against $1.02 In April and $789 million In
    Reuter  -  93 words
  • Article
    Lock icon S. Korea sees payments surplus for 1977
    172 11 Reuter FRANKFURT, Wed. South Korea expects Its 1977 current account balance of payments to be in equilibrium or to show a surplus of up to US$lOO million (5246 million). Assistant Finance Minister I.Y. Chung said at a press conference. The account is currently
    Reuter  -  172 words
  • Article
    $109,000 CLAIM
    193 11 POR AMIAS YCIA. S.L. riled a suit against Mr. Lee Keng Hoe, trading under the name of Malaysia Importers and Exporters Co., at High Court yesterday. The claim for $109,500 was alleged to be due under a bill of exchange. In another suit, Chuan Engineering Pte. Ltd. claimed
    193 words
  • Article
    Lock icon No change in date for new tax system
    253 11 UPI SEOUL. Wed. The South Korean government plans to put into effect a new value-added tax system as scheduled on July 1, overriding growing objections by political circles and economic organisations. Deputy Premier and concurrently the Economic Planning Minister, Mr. Nam Duck-woo,
    UPI  -  253 words
  • Article
    Lock icon Aiming at balanced trade, cooperation
    113 11 AP SEOUL, Wed. The Philippines and South Korea today opened their first ministerial trade conference here to seek balanced trade and other economic cooperation The Philippines was represented by Trade Secretary Troadlo Quiazon and Korea by Chang Yiejoon. Minister of Commerce and Industry. The four-day
    AP  -  113 words
  • Article
    MNB OFFICERS AWAY
    118 11 TWO of Moscow Narodny Bank's top officers In Singapore are "Currently not here, leaving the burden of decision making with its new managing director, Mr. V.V. Geraschenko. Its general manager, Mr S.A. Ovesitchlk, is said to be on leave and the bank is unable to say when
    118 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      292 11 APPOINTMENTS J Texas Instruments SINGAPORE (PTE) LIMITED HAVE IMMEDIATE OPENINGS FOR ENGINEERS (PROCESS AND TEST) To provide technical support to the assembly of Discrete/ Bipolar products. To improve and upgrade test yields, identify and implement cost reduction programs, simplify testing operation and also to provide support to manufacturing processes. Requires
      292 words
    • Advertisement
      Page 11 Advertisements Column 2
      391 11 NOTICES I)AH YUNG STEEL COMPANY (S) LIMITED (Incorporated in the Republic of Singapore) Registered Office 403 Peace Centre, 4th Floor. 1 Sophia Road. Singapore 9. NOTICE IS HEREBY GIVEN that the 13th Annual General Meeting of the Company will be held at No. 1 Shipyard Road. Singapore 22 on Monday.
      391 words
Page thumbnail Page 12
  • Article
    Lock icon Are Hongkong companies heading for slowdown?
    761 12 Reuter HONGKONG, Wed. The growth In profits of companies comprising the Hongkong Stock Exchange's Hang Seng index should slow to about 15 per cent this year from around 26 per cent In 1976, leading securities analysts here said. But for the corporate sector as
    Reuter  -  761 words
  • Article
    Lock icon KL to revamp tin mine taxes, duties
    172 12 Reuter KUALA LUMPUR. Wed. The Malaysian Finance Ministry will restructure duties and taxes levied on gravel pump mines. Finance Minister Razaleigh Hamzah said. Tengku Razaleigh told miners in Ipoh his ministry would be discussing the matter with the Primary Industries Ministry which was
    Reuter  -  172 words
  • Article
    Tug-of-war over petrochem site
    194 12 KUANTAN, Wed. A tug-of-war is being waged between the Trengganu and Pahang state governments to secure investments worth Ms4so million of a Malaysian petro-chemical firm inside their own borders. The winning over of the Associated Plastic Industries (API) is important to both states as it would
    194 words
  • Article
    LONDON STOCKS
    783 12 LONDON. Wed. The stock market closed easier and at 3.00 p m the Financial Times Index was off 2.4 at 455.4. Turnover was small after the long holiday weekend, dealers said. Government bonds were the active sector where fears of a possible rise in interest rates caused falls
    783 words
  • Article
    Lock icon Preparations for talks
    85 12 Reuter KUALA LUMPUR, Wed. The director-general of East Asian and Pacific Affairs of the Canadian Ministry of Foreign Affairs, Mr. R.L. Rogers, arrived here today from Indonesia for a two-day official visit. During his stay here, he will meet senior officials to discuss topics for the second
    Reuter  -  85 words
  • Article
    Inculcating work attitudes
    252 12 THE INDUSTRIAL Training Board (ITB) is holding a two-dav seminar starting on Saturday to find ways and means to inculcate good work attitudes among future industrial workers here. According to Mr. Lim Jit Poh, ITB's director of industrial training yesterday, the main aim of the seminar will
    252 words
  • Article, Illustration
    Lock icon Strauss: It's vital to back Carter
    309 12 AP NEW YORK, Wed. US ambassador Robert Strauss has warned that America will turn to a regressive foreign trade policy unless support Is developed for the Carter Administration's present policies at home. Mr Strauss, who Is President Carter's special representative for trade negotiations, told
    AP  -  309 words
  • Article
    Lock icon 'A difficult but not a closed market'
    110 12 AP AFP BRUSSELS, Wed. Mr Nobuhiko Ushlba, a political adviser to Japanese Premier Takeo Fukuda. told a press dinner that Japan is a "difficult but not a closed market" for Western countries. He said Japan was fully aware of Western Europe's economic difficulties
    AP; AFP  -  110 words
  • Article
    Lock icon Dumping charge not true says Honda
    341 12 Reuter TOKYO, Wed. Honda Motor has denied a Har-ley-Davldson Motor allegation that it is dumping motorcycles In the US. Harley-Davidson yesterday filed a petition with the US Treasury Department alleging that four Japanese companies Honda. Yamaha Motor. Kawasaki Heavy Industries and Suzuki Motor are
    Reuter  -  341 words
  • Article
    Lock icon Need to change tack to meet energy goals
    273 12 AP WASHINGTON. We President Carter's ei. cy plan will fall substantally short of Its goals of reducing energy consumption and should be redesigned, the General Accounting Office (GAO) said today. In a new analysis, the GAO. a congressional auditing agency, said the
    AP  -  273 words
  • Article
    Lock icon Pledge to keep Reds apart
    189 12 Reuter PENANG. Wed. A Thai Cabinet minister has said that the Thai and Malaysian governments will thwart attempts at cooperation in southern Thailand between the communist parties of the two countries. Mr. Dusit Slriwan, who is attached to Prime Minister Thanin's Kralvlchlen's office and is
    Reuter  -  189 words
  • Article
    Local banks offer best on demand buying rates
    635 12 LOCAL banks offer the best rates for converting foreign currencies into the Singapore dollar at least for ordinary customers. If the official buying rates listed by the banks here over the past week is anything to go by. A random survey of
    635 words
  • Article
    Bonn steps up aid to Indonesia
    83 12 JAKARTA. Wed. West Germany has Increased its project aid to Indonesia by 10 per cent to DMIIO million (SSII4 million) this year and has considerably softened the conditions of its financial assistance, a high-ranking official of the Bonn government said here yesterday. Professor Udo
    83 words
  • Article
    Lock icon No trading
    28 12 Reuter O MILAN, Wed. Striking bourse clerks continued to prevent quotations on the Milan Stock Exchange today for the fourth session running, bourse sources said. Reuter.
    Reuter  -  28 words
  • Article
    Lock icon Abqaiq back to normal by July
    140 12 AFP TOKYO. Wed. Production at the Abqaiq oilfield in Saudi Arabia, which caueht fire in mid-May, would return to normal by July 1, Exxan board chairman Clifton Gravin said here today. The fire was not due to sabotage but resulted from a damaged pipeline,
    AFP  -  140 words
  • Article
    Shipyards double credit period
    146 12 SHIPYARDS tn Singapore 1 have doubled the credit period allowed for payments for ship repairs In a bid to attract more business. The larger yards, with greater financial resources, have increased the credit period from about three months to six months or more, according to informed
    146 words
  • Article
    Lock icon $88m bond signing
    82 12 Reuter MANILA, Wed. Agreement on the Philippine Government's 10 billion yen (ssBB million) private Dond placement will be signed in Tokyo on June 13, financial officials said. They said the bond would have a 10 year life and carry a coupon of 8.5 per cent. In Tokyo
    Reuter  -  82 words
  • Article
    Lock icon Mitsubishi is in Saudi petrochem project
    261 12 AFP Reuter TOKYO, Wed. Japan's giant Mitsubishi Industrial Group has decided to participate in a large-scale petrochemical complex project in Saudi Arabia, a Tokyo daily reported today. The influential daily Asahi said the group led by Mitsubishi Corp, a leading trading house, would make
    AFP; Reuter  -  261 words
  • Article
    Lock icon Bethlehem Steel closing another mill
    248 12 AFP BETHLEHEM, (Pennsylvania), Wed. Bethlehem Steel, the number two US company In the industry, was yesterday planning to close its mill near San Francisco because of competition from imported steel, mainly from Japan. The imports are shipped to the US west coast. The mill provides
    AFP  -  248 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      0 12 `~_[@'=+=.}&%>[},$('%\);@:+'$*[
      0 words
    • Advertisement
      Page 12 Advertisements Column 2
      73 12 Connecting m VA ffiri I m mi tfi ir/i afl/S 01 M m, r (i 5^ i m m I xm-s Bangkok Bombay Colombo Dacca Delhi Kuala Lumpur Karachi Lahore Manila Peking Peshawar Quetta Rawalpindi Singapore Tokyo Kabul Every Tuesday Thursday Contact your travel agent or Pakistan international Thong Tech
      73 words