The Business Times, 14 June 1977

Microfilm: NL9307
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, JUNE 14, 1977 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Lock icon $6m worth of rice
      84 1 Reuter BANGKOK, Mon. Singapore bought a total of 10,800 tonnes of rice valued at over US$2.5 million (556.2 million) on a government-to-government basis last week, for shipment during the last quarter of this year, Foreign Trade Department sources said. The total consists of 5,000 tonnes 100
      Reuter  -  84 words
    • Article
      Lock icon Celebes yard plan
      55 1 AFP JAKARTA, Mon. South Korea plans to build a shipyard at Ujungpandang (South Celebes) and a cement plant in Timor, an Indonesian Industry ministry official announced here today. The director of engineering at the ministry Mr Suhartojo, said he heard of the plans during talks with South
      AFP  -  55 words
    • Article
      Lock icon All-time high
      43 1 Reuter HONGKONG, Mon. China's crude oil production hit "an all-time high" last month, the New China News Agency reported. The agency, monitored here said oilfields throughout the country recorded an Increase of 10 per cent over the corresponding month last year.
      Reuter  -  43 words
    • Article
      Lock icon UK recognises Rene
      56 1 Reuter LONDON, Mon. Britain has recognised the new government of Mr. Albert Rene in the Seychelles, the Prime Minister's Office said today. Mr. Rene took over after the June 5 coup which ousted President James Mancham while he was In London for Queen Elizabeth's Silver Jubilee celebrations
      Reuter  -  56 words
    • Article
      Lock icon Uranium call to Aussies
      62 1 AFP CANBERRA, Mon. Acting Prime Minister Douglas Anthony today repeated his call for an urgent decision In favour of mining Australian uranium as soon as possible. He said there could be no doubt that Australia could best contribute to a reduction in nuclear weapons proliferation by
      AFP  -  62 words
    • Article
      Lock icon Land deal probe
      61 1 AP PERTH, Mon. The West Australian Government intervened today In alleged multl-mlllion-dollar land deals by three American companies near Geraldton, 480 km north of Perth. Attorney-general lan Medcalf called -for a report on the companies' sales of undivided shares of land which the US Federal Trade Commission
      AP  -  61 words
    • Article
      Lock icon Dow Jones
      94 1 UPI NEW YORK, Mon. Stocks headed higher early today In fairly active trading of New York Stock Exchange issues. Analysts said investors were encouraged by the levelling off of the prime rate which had risen onehalf DOint during the oast four weeks. Shortly before the first hour of
      UPI  -  94 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      176 1 GENERALLY, shares finished mixed in fairly active trading on the Stock Exchange of Singapore yesterday. Most of the active lower-priced shares tended lower at the close. The Business Times index finished 0.84 point lower at 319.% while the Straits Times Industrial index rose 1.31 points to 253.22
      176 words
    • Article
      In Kuala Lumpur
      121 1 Falls Most active C Sugars P Carbide M Rice 3.18 1.06 1.34 —.12 -.10 -.08 Haw Par G. Lumber 1,391.000 588.000 G Lumber 1.23 06 API 537.000 Gentlngs 2.03 -06 Inchcape... 410.000 Cent. Sec 1 55 06 Total Turnover: S.39M A Choc. Ben 0.85 085 .05 -05
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  • Article, Illustration
    S'pore important market for US farm products
    286 1 SINGAPORE represents an important market for US fruits, poultry and cotton, Mr. Bob Bergland (above), the American Secretary for Agriculture, said here yesterday. Mr. Bergland, who flew In for a two-day visit, added that US agricultural trade with the Republic "continues to grow."
    286 words
  • Article, Illustration
    Move for better exchange of credit data among banks
    610 1  -  By QUEK PECK LIM THE Monetary Authority of Singapore (MAS) Is examining the feasibility of introducing a system under which risks of defaults, frauds and loan losses might be reduced by a better exchange of credit information among banks. A spokesman
    610 words
  • Article
    Lock icon Hope for accord on Asean telecoms
    95 1 AFP JAKARTA, Mon. Indonesia hoped that an agreement on principle on Asean telecommunications would be reached at the summit meeting of the fivenation association in August. This agreement would cover marine cable as well as satellite communications, Communications Minister Emil Salim told the press
    AFP  -  95 words
  • Article
    'Clear Sugars and Carbide at once'
    429 1 KUALA LWMPUR, Mon. Stockbrokers here have been instructed by the Kuala Lumpur Stock Exchange to clear all outstanding positions in designated securities Central Sugars and Perak Carbide immediately. Circulars giving this order were issued to member firms and companies of the KLSE this afternoon.
    429 words
  • Article
    Lock icon Harper Gilfillan seeks restructuring approval
    291 1 Reuter KUALA LUMPUR, Mon. Harper Gilfillan shareholders will be asked to approve a restructuring of the group at an extraordinary general meeting on June 30. In a circular to shareholders, chairman Desmond Brown said the proposed restructuring, involving the formation of two intermediate Malaysian holding
    Reuter  -  291 words
  • Article
    DOLLAR TUMBLES AGAINST THE YEN HERE
    256 1 THE yen's sharp l and almost uninterrupted appreciation against the U8 dollar yesterday In Singapore sparked off anticipation among some bankers here that the US dollar is expected to fall below the 270 level against the yen. The speculation was based on the expectation
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  • Article
    Crucial stage in ILO history
    97 1 GENEVA, Mon. The United States said today the International Labour Organisation (ILO) -threatened with a US pullout. has reached a crucial moment in its history and must choose between sticking to its principles and becoming a political Instrument. In his address to the annual ILO
    97 words
  • Article
    Witnesses number 39 in Cho's CBT inquiry
    331 1 A TOTAL of 39 witnesses are expected to be presented by the prosecution to substantiate two charges of criminal breach of trust amounting to M.7 million against the managing director of Far Eastern Hotel Development Ltd (FEHD), Cho Jock Kim. The case against
    331 words
  • Article, Illustration
    Consumer index up on higher food prices
    316 1 FUELLED by higher food prices, inflation appears to be rearing its ugly head in Singapore again, according to the latest Consumer Price Index issued by the Department of Statistics. The CPI rose by 0.8 per cent to 147.2 in May compared with April
    316 words
  • Article
    Lock icon Rio Tinto wins rights
    78 1 Reuter JAKARTA. Mon. The Indonesian Government today agreed to give P.T. Rio Tinto Bethlehem Indonesia a 30-year right for exploration and exploitation of minerals in the big Sulawesi (Celebes) island. A mining ministry spokesman said an agreement. signed by Mining Minister Mohammad Sadll and Rio Tinto's
    Reuter  -  78 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      66 1 ©VKiyfoong hand when Wayfoong Mortgage you need and Finance (Singapore) Limited it tTIOSt Shaw Mouse. Ground Floor. 354 Orchard Road. Singapore 9. TH *****7. SEE PAGE 3 A 11 Oversea* New*/TV A Overseas Stocks P7 Radio P2 Commodities PS Overseas News/ Transport A Feature P3 Communications W Local Co News
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    • Advertisement
      Page 1 Advertisements Column 2
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      Page 1 Advertisements Column 3
      180 1 U-BIX COMPLETE CORY WG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE Tel *****2 ft Lines) APS ELECTRONICS (M) SDN BHD KUALA LUMPUR Tet *****'*****«4567 new OMCC SUIT€S FOR R€NT New Building Cecil Stieet with high quality finishes New Building Upper Thomson Road Available tenancy area of approx. 496 sq.m. (5,337 sq.ft.)
      180 words
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  • OVERSEAS
    • Article
      Lock icon Bold Saudi plan to harness wasted gas
      441 2 NYT DHAHRAN (Saudi Arabia), Mon. Saudi Arabia Is planning to harness its wasted gas by means of a giant US$l4 billion (Ss34 billion) construction programme, perhaps the largest single industrial project ever. By completion in the late 1980s, construction of the gas-gathering programme
      NYT  -  441 words
    • Article
      Lock icon Development plan a first for Yemen
      126 2 AP NICOSIA, Mon. North Yemen has announced a US$9.7 billion (5523.9 billion), five-year development plan, the first in its recorded history, according to a Saudi state radio report. 1 ne radio yesterday quoted Abdul Aziz Abdul Ghani, member of the Yemeni Revolutionary Command Council,
      AP  -  126 words
    • Article
      Lock icon Bahrain's giant drydock to open in October
      369 2 UPI BEIRUT, Mod. A giant drydock now being constructed in Bahrain will be ready to atart repairing supertankers in October, a Bnhrani official said yesterday. Public Works, Electricity and Water Minister Majid Jawab A 1 Jishi said the US$3OO million (Ss73B million) project
      UPI  -  369 words
    • Article
      Lock icon BIS: Jobless and inflation likely to remain high...
      1329 2 BASLE: Monday Reuter UNEMPLOYMENT and Inflation are likely to remain high for some years, and It Is time that Western Industrialised nations coordinated their policies for fighting these twin Eroblems, the Bank for iternational Settlements (BIS) said today. In Its annual report
      Reuter  -  1,329 words
    • Article
      THE FOUR MAIN SCAPEGOATS
      256 2 IN AN attempt to apportion the blame for the disorder ruling in the world economy, the Bank for International Settlement has come up with four main scapegoats as suggested by various economists. They are: THE BIG BOYS: The major industrial countries overdid their deflationary policies because
      256 words
    • Article
      Lock icon Tax breaks for saving energy?
      244 2 AP WASHINGTON, Mon. The House of Representatives' Ways and Means Committee, whose rejection of three White House energy proposals brought sharp criticism from President Carter, Is about to decide whether businesses should get a new tax break for conserving fuel. Heading the Committee's agenda today
      AP  -  244 words
    • Article
      Lock icon Sales profits
      49 2 AP WASHINGTON, Mon. The after-tax profits of manufacturers averaged US 5 cents per dollar of sales In the first quarter of 1977, the same as the last quarter of 1976, the Federal Trade Commission reported today. The average was 5.2 cents in the first quarter of 1976.
      AP  -  49 words
    • Article
      Lock icon When US will buy more steel
      198 2 Reuter WASHINGTON, Mon. United States Secretary of Commerce Juanita Kreps said yesterday she believed the Carter Administration would allow Increased Imports of foreign steel If domestic prices go up as part of Its free trade policy. Mrs. Kreps, appearing on the CBS-TV programme "Face
      Reuter  -  198 words
    • Article
      Lock icon TRADE FAIR OPENS IN POLAND
      73 2 Reuter POZNAN: (Poland), Mon. East Europe's biggest annual trade fair opened here yesterday with 4,200 firms from 44 countries displaying their wares and an emphasis on Industrial machinery. The presence of Polish Communist Party leader Edward Glerek and Premier Piotr Jaroszewlcz at the opening underlined
      Reuter  -  73 words
    • Article
      Lock icon Majority of Swiss rejects sweeping tax reforms
      212 2 Reuter GENEVA, Mon. Swiss voters today decisively rejected the Government's proposals for a sweeping tax reform designed to bring in an extra 2.5 billion Swiss francs (552.5 billion) a year to balance the federal budget. In a nationwide referendum, almost 60 per cent
      Reuter  -  212 words
    • Article
      Lock icon Albania blasts Soviets
      133 2 AFP TIRANA (Albania), Mon. More people are out of work in the Soviet Union than before because of the "capitalist" nature of Soviet economic policies, the Albanian news agency ATA reported today. Unemployment had hit hardest among people in the central Asian region of the Soviet Union
      AFP  -  133 words
    • Article
      Lock icon Hush-hush meeting of FP experts
      122 2 Reuter COPENHAGEN, Mon. A secret meeting which Included Bank President MacNamara and 48 of the world's top family planning experts took place in southern Denmark last week, the Danish Foreign Ministry confirmed today. The four-day meeting, held at the European high school oil the Island
      Reuter  -  122 words
    • Article
      Lock icon Erratic trend in shipments of aluminium
      435 2 NYT NEW YORK, Mon. The domestic aluminium Industry rebounded from 1975's depressed shipments of 4.5 billion kgs and shipped 5.8 billion kgs In 1976, the Aluminium Association reported over the weekend. Mr. S. L. Goldsmith Jr., president of the trade association, said this represented
      NYT  -  435 words
    • Article
      Lock icon Details of new deficit financing facility soon
      266 3 Reuter BASLE, Mon. International Monetary Fund managing director Johannes Witteveen is expected within the next few weeks to announce the details of a new facility to help finance the payments deficits of IMF member countries. Central bankers say that as a result of
      Reuter  -  266 words
    • Article
      Lock icon Output index
      32 3 Reuter TOKYO, Mon. Japan's April industrial production index was revised downwards to 131.9 (base 1970) seasonally adjusted, from the preliminary 132, the Ministry of International Trade and Industry announced. Reuter.
      Reuter  -  32 words
    • Article
      Lock icon BIS MAY SUPPLY INFORMATION ON DEBTOR COUNTRIES...
      556 3 Reuter BASLE, Mon. The Bank for International Settlements (BIS) may take an active role In enabling commercial banks to obtain information on debtor countries, senior central bankers said here. The bankers, attending the annual meeting of the BIS, have been informally discussing the
      Reuter  -  556 words
    • Article
      Lock icon Special team probe Chiasso losses
      243 3 Reuter BAStte, Mon. The losses faced by Credit Suisse at Chiasso will be Investigated by a special committee of central bankers at the Bank for International Settlements, senior monetary sources said. The committee, known as the Blunden Committee, was set up by the Group of
      Reuter  -  243 words
    • Article
      Lock icon Carter's doing a fine balancing act on his free trade policy
      1044 3 NYT m m WASHINGTON. "Mon. More by groping sweeps than calculated decisionmaking, President Carter has fallen upon a new trade policy for the United States that tilts towards liberalism while satisfying the most urgent needs of Importinjured workers. With
      NYT  -  1,044 words
    • Article
      Lock icon Ireland may end link with £
      140 3 Ireland may end link with AFP LONDON, Mon. Ireland i> considering cutting the links between the Irish and the British pounds if the British currency slumps again in the autumn, the Financial Times said today. The newspaper said that both the Irish Govenuaent and the opposition party Fianna Fail favour
      AFP  -  140 words
    • Article
      Lock icon Computers forecast slow US growth
      504 3 Reuter WASHINGTON, Mon. Computer projections of the US economy, including the government's, are forecasting a period of sluggish growth as early as next year. Such a phase, no shorter than nine months under the various projections, would Imply little, if any, Improvement In unemployment and
      Reuter  -  504 words
    • Article
      Lock icon Uranium for Japanese
      143 3 Reuter SYDNEY, Mon. A 200tonne consignment of Australian Atomic Energy Commission uranium oxide yellowcake, ultimately destined for Japan, will leave here by ship for the* UK In the next few days, a commission spokesman said over the weekend. The consignment Is part of the commission's stockpile being
      Reuter  -  143 words
    • Article
      Lock icon Italian bank rate cut by 2 points
      186 3 Reuter ROME. Mon. Italy cut its bank rate to 13 per cent from 15 per cent with effect from today, Treasury Minister Gaetano Stammati announced over the weekend. Mr. Stammatl said the cut was part of the government's policy of improving conditions for
      Reuter  -  186 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      197 2 Give us a man fbra monthwe'll give him a language for life inlngua 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
      197 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      53 2 THE WEATHER I WEATHER report for 24 hours prior to 7.30 p.m. on June 13 at Singapore airport. Maximum Temperature Associated Humidity Minimum Temperature Associated Humidity Hours of Sunshine Rainfall in Millimetres Total Rainfall tor the Month Total Rainy Days for the Month 30.8° C 67 23.0° C 97 3.85
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      277 2 ij iiFv SINGAPORE 5 3.00 PM Opening Announcements followed by Flying Nun (Repeat) 1 3.30 Diary Of Events (English) 3.35 General Hospital 4.15 Magazine Zero One (Repeat)" 4.30 Intermission 6.05 Opening announcements followed by Porky Pig 0 6.30 News in BrieP 6.35 Boy Dominic Friends Of The Family 0 7.00
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      420 3 Aspects of Total Cost Evaluation presented by Tractors Singapore Limited $226,000: Cheap $184,500=Expensive How to avoid the pitfalls of low bid buying and save money Buying a machine involves a lot more than just paying the initial price. You have to consider other expenses too. The Total Cost Evaluation approach
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon CFP suffers severe setback
      242 5 EUROPEAN COMPANIES Reuter PARIS, Mon. Net consolidated profit at Cie Francalse des Petroles plunged sharply to .166 million francs last year from 721 million francs in 1975 despite a 21 per cent rise in net turnover from 39.17 billion francs to 47.38 billion francs. The group's
      Reuter  -  242 words
    • Article
      Lock icon Demag optimistic
      168 5 Reuter DUISBURG, Mon. Demag will "very probably" make a higher net profit this year, managing board chairman Mr. Otto Blank told a press conference. However, this depends on among other things development of its mass produced goods sector In the second half. In the year so far there
      Reuter  -  168 words
    • Article
      Lock icon Semperit achieves 11pc turnover increase
      397 5 FT VIENNA. Mon. Semperit, the Austrian rubber concern, reports a 11 per cent rise in turnover to Sch.s billion in 1976 but also a net loss of 73 million, only slightly down on the 88 million loss recorded for the previous business year. For the
      FT  -  397 words
    • Article
      Lock icon Offshore companies reject merger proposal
      220 5 Reuter AMSTERDAM, Mon. Three major Dutch companies active In offshore construction said they plan to co-operate In some sectors of their operations and in turnkey projects but complete merger of their offshore interests would not make sense. Rljn Schelde Verolme. Industrieele Handels-Com-binatle (IHC) Holland and
      Reuter  -  220 words
    • Article
      Lock icon Basf video apparatus
      48 5 AFP LUDWIOSHAFEN, West Germany, Mon. The West German chemical group Basf and the Bell and Howeel Company, of Ahe United States, have signed a co-operation agreement to develop nonprofessional video apparatus, Basf reports. The new apparatus will be marketed in time for Christmas 1979. AFP
      AFP  -  48 words
    • Article
      Lock icon GROWING ALARM OVER EGAM
      857 5  -  By PAUL BETTS FT ITALY'S mainly statecontrolled banking system, which so far seemingly weathered the country's economic difficulties, has been thrown into a state of growing alarm following a Parliamentary decision that could effectively transform its profit Into what a leading banker here called "a mere
      FT  -  857 words
    • Article
      Buoyant results at Metal Box
      443 5 UK COMPANIES WITH sales up from £524.5 million to £708.2 million pre-tax profit of Metal Box advanced from £33 million to £57.7 million in the year to March 31, 1977. Home profit expanded from £22.96 million to £37.73 million and overseas profit from £10.05 million
      443 words
    • Article
      Lock icon US Steel seeks fair competition
      108 5 NORTH AMERICAN COMPANIES Reuter US STEEL president Mr. David M. Roderick called for "vigorous enforcement" of trade laws to limit growing invasion of govern-ment-subsidised steel from Japan and Western Europe. Mr. Roderick told a press conference imports have erased a growth potential for the western
      Reuter  -  108 words
    • Article
      Lock icon Kerr-McGee to raise stake
      89 5 Reuter KERR-MCGEE has agreed in principle to acquire an increased interest In block 11/30 In the Moray Firth area of the United Kingdom sector of the North Sea from Creslenn Oil. The company said It currently has a 25 per cent stake In the block and
      Reuter  -  89 words
    • Article
      Briefly
      274 5 Goodyear Estate* Unaudited consolidated net profit HKS2.9O million, six months ended Dec 31, 1976. No first half comparison Is available but the company reported group net profit of $6.78 million for the year ended June 30. 1976. Interim dividend 20 cents (same), year ending June 30. Green Island Cement
      274 words
    • Article
      Canadian Pacific Bermuda notes
      89 5 CANADIAN PACIFIC (BERMUDA) will offer US$3O million of notes due 1984 on the international capital market in late June with an Indicated coupon of 81/2 per cent, lead manager Orion Bank said. The offering will be made through an International underwriting group. Comanagers are Credit Suisse
      89 words
    • Article
      Lock icon Stampede uranium find
      61 5 Reuter STAMPEDE INTERNATIONAL RESOURCES and Groundstar Resources have found "significant concentrations of very favourable grade uranium ore" on claims held In Palmerston township, Eastern Ontario. The companies said a consulting geologist reported geological samplings taken from one area of the 73 claims were assayed at two and
      Reuter  -  61 words
    • Article
      Lock icon Analysts positive assessment of Smithkline
      649 5 NYT TAGAMET, a promising new drug for the treatment of ulcers, cleared a hurdle In Washington last week, with final approval soon by the Food and Drug Administration for sale In the United States considered assured. Drug-stock analysts, therefore, are reassessing the stock market prospects
      NYT  -  649 words
    • Article
      Lock icon Invention firms criticised
      705 5  -  LAWSUITS AGAINST RLO LPA By WILLIAM ABRAMS NYT AT FIRST glance Raymond Lee and Lawrence Peska look like models of prospering entreprenuers. Each owns a successful business that grosses well over a million dollars a year and has more than 10 offices in the United States and
      NYT  -  705 words
    • Article
      Lock icon Sony record earnings
      193 5 Reuter TOKYO. Mon. Afir-tax non-consolidated profit at Sony Corp., rose to 12.83 billion yen In the first halfyear ended April 30, 1977 from 10.18 billion yen previously. The 28 per cent increase in earnings was achieved on the back of sales of 194.3 billion yen, up 17.1
      Reuter  -  193 words
    • Article
      Mt. Newman strike
      49 5 SYDNEY, Mon. Striking employees of Mt. Newman Mining at Port Hedland voted over the weekend to remain on strike until at least next Thursday when they meet again, a company spokesman told Reuters by telephone from Perth. The Newman iron miners will meet again on Wednesday.
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    • Article
      Lock icon LSE to discuss revised options plan
      142 5 Reuter THE Stock Exchange Council Is likely to decide whether to proceed with a revised plan for options trading when it meets tomorrow, an exchange spokesman aid. A decision In principle on the plan is probable on that aay, Dut tne result or any
      Reuter  -  142 words
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      Page 5 Advertisements Column 1
      57 5 G) -7+ 217. v The French Kt^iu r flutters our t;i 1- to* In food, service and j it Dine b\ candlelight <>n ex jt And dance to soft niuv. '> C ome to Che Behedere v restaurant p:ir H I unt h fare re 1 rv < rench f*'.
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  • Article
    Share Information Service
    2191 6 itn Hick Lmm CMinr Last flak Or** dhr Dfar e*w <**• C 1 Nat P/E Val CW8) at Day b Law SECTION ONE INDUSTRIALS 146 133 204 92* 212 101 198* 163 219 392 136 127 204 58 212 57 155 152 182 350 Acma Acma A
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  • Article
    Transactions in Singapore
    1398 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 Suoted after the word "Sett." tig Board
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  • Article
    In Kuala Lumpur
    1513 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS Aama (1.408 1.428). A It am (1.798 1 80S) (1) 1.78.
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  • Article
    Stock options
    101 6 STRIKING price* of the stock options officially listed on Ik Stack Exchange at Singapore, the periods, bM and offer prices and business done yesterday, with the number of options traded shown in brackets. Incbcape (June $2.40) (0.108. 0.125) (1) 0.14, (1) 0.11. (1) 0.10 Hume F.E. (Sept $1.30}
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  • Article
    Unit trusts
    132 6 SINGAPORE UNIT TKUST (MmiBi'prti Meier Jium 14) ImXMU BOND UNIT The Commerce l.N 1.79xd INCOME BOND 1.11 The 8« vine Fund 0 93 0.98 1.06 8'pore Prof fund on 0.M MAKA BUMIPUT*A FUND 8'pore Security Fund 1.48 1.58 (Maaafera' pries Jwlll 8'pore Invest Fund 1.04 1.10 First Bumlputra
    132 words
  • Article
    CORPORATE BONDS
    106 6 1/2% 19«1 (100,000) ;W)2*.St B O TTSfl}*- MW' UOO.OOO) (98'48 98%5) 3 u.. D B S 8 1/2% 1982' (IQft-OOtf) lOlViS) DBS Converts 6 1/2% 1991 (100.000) (98'48 995) E I B 9% 1982 (100.000) (1038 103*S) E 1 B 8 1/4% 1983 (100.000) (100V«B 100HS) I B
    106 words
  • Article
    GOVERNMENT BONDS
    129 6 Rep Spore D Mark 7% 1982 (100.000) (100HB 101 SST) Rep Spore O Mark S 1/2% 1903 (100.000) 99'«S) Rep Spore 7 3/4% 1987 (100.000) <99%8 100HS) 5 1/2% 1/4/78 (250.000) (101.30B) 5 1/2% 15/4/78 (250,000) (101.40B) 5 1/4% 15/7/78 (250.000) (101.518 101.575K6)101.54 4 3/4% 1/5/79 (250.000) (100.758
    129 words
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  • Article, Illustration
    SES ENDS MIXED
    634 7 GENERALLY, shares finished mixed la moderate trading on the Stock Exchange of Singapore yesterday. There appeared to ho a reserve of ready buyers at steady levels in certain seetors of the markets. Gains in the more volatile issues during the first hour of trading were pared in
    634 words
  • Article
    EASIER BIAS ON KLSE
    380 7 SELLING by weak holders pared initial gains on the Kuala Lumpur stock market vesterday. Trading was fairiy active. There was an early attempt at follow-through buying in the early session before the market trended lower in the afternoon. Most of the selling that developed yesterday was
    380 words
  • Article
    Lock icon Bullish trend in US credit marts
    587 7 NYT NEW YORK, Mon. The credit markets, flushed with their success In marketing a near-record volume of tax-exempt bonds last week, were abound with optimism and talk of higher prices and lower Interest rates In the weeks ahead. There's aolng to be a summer
    NYT  -  587 words
  • Article
    Lock icon Nacional Financier a seeks Eurocurrency loan
    232 7 Reuter LONDON, Mon. The Mexican government development uahk Nacional Flnanciera is seeking a 10 year Eurocurrency loan of US$2OO million at least, which will give participating banks a repayment option every two years, Joint lead manager Libra Bank said. The loan is at progressively
    Reuter  -  232 words
  • Article
    Swiss watch group gets capital boost
    269 7 ZURICH, Mon. Switzerland's second biggest watch group, the Geneva-based Societe Suisse pour L'lndustrte Horlogere (SSIH), Is to receive a large-scale capital Injection following heavy operating losses in 1975 and again last year. The international trading company Slber Hegner is, through its subsidiary Slber Hegner
    269 words
  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      471 7 HONGKONG: The market closed slightly lower overall on Monday, but with erratic trading in Swire Properties, Hutchison and HK Dock, while the remainder of the market was generally featureless, dealers said. The Hang Seng index closed 2.41 points down at 445.89 points. Swire Properties, quoted for the first time,
      471 words
    • Article
      Tokyo
      487 7 TOKYO: The market closed slightly lower on Monday in quiet trading on lack of fresh stimuli, after lnlUally advancing in the wake of a moderate rally over the weekend, brokers said. The Dow/Jones average dipped 1.06 to close at 2.926.49, with volume 90 million shares, the lowest of the
      487 words
    • Article
      Bangkok
      113 7 THE Sydney and Manila stock markets were cleeed yesterday for the Queen's birthday and Independence Day holidays, reepectiveiy. JUNE U Bahts Asia Flbr* Bangkok Bangkok Invert Bai^kok-Metro- m 101 177 •1 UOCfc politan Bank Berll Jvtcker Charoong Thai Wirt m 1M 1MB ♦M ♦1 Dustt Thanl raber Merlin First
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  • Article
    Lock icon US group plans US$200m investment in Europe
    961 7  -  By JOHN WICKS FT OVER A five-year period starting this year, the US under-taking. Air Products and Chemicals, is to invest some US$2OO million In Europe. This forms part of a capital expenditure programme by the group of about $1 billion In new
    FT  -  961 words
  • Article
    Lock icon Japanese city banks may sell national bonds
    182 7 Reuter TOKYO, Mon. The semiofficial Central Cooperative Bank for Agriculture and Forestry declined to comment on a report carried by economic daily Nihon Kelzal that the bank will buy national bonds worth 100 billion yen from six Japanese city banks. The financial dally
    Reuter  -  182 words
  • Article
    Lock icon Battle for control of Hughes estate goes to court
    901 7  -  By WALLACE TURNER NYT THE expected fight between Mr. William R. Lummls and Mr. Chester C. Davis over control of the Howard Hughes estate has broken out In Chancery Court In Wilmington, Del. Legal papers filed last Wednesday night, Including an
    NYT  -  901 words
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      346 7 Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar ma I am! Because Penguin books are rather jtjk special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational j/flj] quite unlike the type
      346 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      405 8 OPENING quotations In the Singapore rubber market yesterday were marked up fractionally but later prices fell back one cent on freer offerings of October/December 1977 and light long liquidation. The market then hovered around this level for the rest of the morning in quiet trading.
      405 words
    • Article
      Closing prices
      29 8 Rubber: June 13 Singapore: July 194.25 eta (down 1.25 cts) Malaysia: July 195.50 cts (down 1.25 cts) Tin: $1,435 (unchanged) Official offering: 225 tonnes (up 37 tonnes)
      29 words
    • Article
      SSR AND SMR
      289 8 Noon Close Buyers Sellers Buyers Sellers Int. 1 R.S S. prompt f.o.b. 192.00 193.00N 191.50 193.50N Int. 1 R.8.S. July 194.75 193.00 194.23 194.75 Int. 1 R.S.S. August 197.S0 198.00 197.00 197.30 Int 2 R 8.8. 190.90 192.SON 190.00 193.00N UK/Cont 189.30 191.50N 189.00 191.00N Int. 3
      289 words
    • Article
      R.A.S. PRICES
      78 8 Julv I kiafust R.A.8. (Camat Mth) (FararaH MU) <«* lUperkf) (on topwkg) 38R20 (1 ton Pallet) 193 50 195 50N 195.00 197.00N S8RS0 (1-ton Pallet) 191.00 193.00N 192.50 194.SON M.R.E.L.B. 8MR5CV (1-ton Pallet) 217.50 219.50N 218.90 219.SON 8MR5L (!-ton Pallet) 216.00 21B.00N 217.00 219.00N SMR 5 (1-ton Pallet)
      78 words
    • Article
      Cocoa
      188 8 LONDON, Mon. Terminal opened the morning between £12 and £4 higher in sales of 161 lots. Dealers said early forecasts were for opening around £20 higher but after initially trading at £26 higher, trade selling, partly on manufacturer account, pared gains and brought about a rather hesitant tone. Shortly
      188 words
    • Article
      Rice
      204 8 BANGKOK, Mon. Indicative prices for rice quoted here were: In HONGKONG, the market was up to 30 cents higher, dealers said. Turnover totalled 380 tons comprising Thais 127, Kwangtungs 190 and Australian 157 tons. There were no arrivals. Thai White: 100 per cent old crop lit class 101.70 sir
      204 words
    • Article
      Produce exchange
      296 8 COFFEE bean prices continued to decline in Singapore yesterday In belated unison with the» generally easier trendl prevailing In the London and New York markets over the weekend. At the close last Friday, all grades of coffee were cut back by $20 a plcul. Yesterday a further drop
      296 words
    • Article
      Hongkong comex
      289 8 HONOKONO, Mon. Cotton futures closed lower in moderate trading, following Friday's decline in New York, dealers said. July fell 0.47 US cent and other months lost 0.78 to 1.13 cents. March was the most actively traded due to commission house short covering early in the session and short
      289 words
    • Article
      Sugar
      150 8 LONDON, Mon. Terminal opened the morning CI down to £0.25 higher compared to Friday afternoon levels. Sales totalled 741 lots. Market sources said the terminal remained under pressure from the overall plentiful supply situation on the world market. The near positions moved to new life of contract lows of
      150 words
    • Article
      Copper
      103 8 LONDON, Mon. Copper wirebars gained fully £0.50 per tonne for cash and £1 for Three Months. Values were marked up on the premarket reflecting the closing New York tone and a larger than expected decline in warehouse stocks of 7,550 tonnes. Subsequently, the higher levels attracted scattered liquidation Induced
      103 words
    • Article
      Silver
      64 8 LONDON, Mon. Silver closed 1.0 to 0.6 pence lower in the morning. The New York close and the general trend aided values In the pre-market where upto 262.5 pence was paid for Three Months, ifesler gold took the position down to around 260.7 pence although the ring was steadier
      64 words
    • Article
      Lead
      48 8 LONDON, Mon. Lead gained mostly £5 per tonne In the morning. The advance in copper attracted fresh buying support following the recent shakeout with Three Months trading up to £316 per tonne during premarket and kerb dealings and bouts of profit-taking briefly paring gains In the ring.
      48 words
    • Article
      Gold
      235 8 THE Singapore gold market yesterday opened lower in quiet conditions. The kilobar was first quoted at 5511,205 but was quietly marked down to 8511,195 when speculative longs liquidated their positions. Lack If support and short selling depressed the price down to close at 3511,165. The loco London opened at
      235 words
    • Article
      Straits tin market
      116 8 THE Straits tin price in Penang yesterday was unchanged at <1,435 on an official offering up 37 tonnes to 225 tonnes. In LONDON yesterday morning, tin finished about C 4 up for cash and unchanged for Three Months In both contracts. Early shortcoverlng support was encouraged by
      116 words
    • Article
      Zinc
      78 8 LONDON, Mon. Zinc softened by £1.25 per tonne for cash and about £0.25 for Three Months In the morning. This metal was steadier Initially in sympathy with the general trend although a lack of significant fresh buying Interest was a subduing Influence, dealers said. A stock increase of 2,925
      78 words
    • Article
      Lock icon 'PALM OIL WILL BE MAIN EDIBLE OIL'
      408 8 Reuter ANTWERP, Mon. Palm oil will be the main edible oil used in the 1980's, the secre-tary-general of the Association of Margarine Industries In the EEC, Mr. Philippe Plrnay, told an oils and fats conference here. Mr. Plrnay said the growth of palm,
      Reuter  -  408 words
    • Article
      Lock icon Price of silver to go up?
      129 8 Reuter LONDON, Mon. Bullion dealer sharps, Plxley said It is difficult not to anticipate a recovery in silver prices In the fairly near future. In May the fixing price moving from a high of 278.6 pence per ounce for spot metal to a low
      Reuter  -  129 words
    • Article
      Lock icon Reserves rise
      98 8 Reuter KUALA LUMPUR. Mon. Bank Negara Malaysia said Its gold and foreign exchange reserves rose to M 86.51 billion at May 31 fronrd.o7 billion at May 14 and 6.06 billion at April 30. Its fortnightly balance sheet showed total assets rose to 7.30 billion (6.89 and 6.82 billion)
      Reuter  -  98 words
    • Article
      Lock icon Lonrho gets no credit for Kenana scheme
      1062 8 FT LONDON Mon. The loss of the management contract for Sudan's showpiece Kenana sugar scheme by the mighty trading conglomeration Lonrho Is having repercussions far beyond the boundaries of Sudan itself. One of the main reasons is that the Kenana project slated to
      FT  -  1,062 words
    • Article
      Lock icon European soybean demand
      94 8 Reuter LONDON, Mon. Trade sources reported an improved European crusher demand for soybeans, estimating purchases around 20,000 tonnes. A subsequent easing in interim Chicago markets, however, curbed trading interest in the final session, traders added. Reported business included June shipments from the US Gulf at US$334 (SsB2l)
      Reuter  -  94 words
    • MONEY AND EXCHANGES
      • Article
        Singapore
        503 8 THE US dollar fell by almost two yen In brisk trading against the Japanese currency In the Singapore foreign exchange market yesterday. From the opening of 273.00 yen in Singapore, the dollar declined rapidly to around 271.83/93 by late morning here following heavy selling of the dollar from Singapore
        503 words
      • Article
        Minimum lending rates
        48 8 H Vrfl B»!' Banckak Bank 7 Bui of America <H ''lUUilllllllB Baak af China 7 Bank of Takjra < v. Bank Nagara Iniawin 7 Ckartarad Baak Malayan Banklnf «H MiUui Bank «H OCBC «H OUB |v, UCB 7 Ckaaa Manhattan CH DBS UMBC 7 UOB 14
        48 words
      • Article
        Asian $ rates
        170 8 Asian rates ASIAN currency deposit interbank rates as at close on June IS US Dallai OOw h e 7 days limn 2mths 3 mths 6 roths 9 mths 12 mths 9 1/3 9 7/9 9 3/4 9 19/19 9 1/1 9 3/9 9 9/9 8w. Frs. 5 3/9 9 3/4
        170 words
      • Article
        Discount
        45 8 RANGE of price* offered by discount houses on June 13 Overnight 3% CaH deposit 3% niitaf MU<| 3-Month Treasury bills 3 1/U 215/16 3-Month Bank bills «i/a 4 3-Month CD 4 1/3 4 3/1 •-Month CD 4 5/S 41/2 Source: National Discount Co. Ltd.
        45 words
      • Article
        Euro $ rates
        104 8 Euro rates LONDON, Mon. Eurodollar deposit rates largely held steady In quiet opening trading, dealers said. Periods generally lacked Interest with small technical adjustments noted. One Month gained 3/8 on a Friday end of period while Pour Months lost 1/16 on a similar technical adjustment. Other periods held basically unchanged.
        104 words
      • Article
        London
        276 8 LONDON, Mon. The yen advanced sharply in Europe after gaining in Tokyo. mainlv reflecting a dollar surplus In the Tokyo market and continued buoyancy due to forecasts of a doubled Japanese trade surplus in fiscal 1977, dealers said. Remarks in Basle by Bank of Japan governor Morinaga that Japan
        276 words
      • Article
        Hongkong
        122 8 HONGKONG, Mon. The US dollar fell to 271.90/272.05 yen from Its 273.60/70 opening but-was above Its day's low of 271.50/60 In active trading, dealers-said. However, the US unit was slightly higher against the HK dollar at 4.6890/4.6900 from Friday's 4.6865/80 in quiet trading on an easing of short-term local
        122 words
      • Article
        Tokyo
        172 8 TOKYO, Mon. The yen strengthened sharply reflecting general expectations that it will continue to appreciate because of a growing dollar surplus here and the apparent lack of Intervention by the Bank of Japan to curb the trend, dealers said. The dollar for overnight delivery closed at 271.80 yen, after
        172 words
      • Article
        Frankfurt
        34 8 FRANKFURT opening exchanges on June 13. US 2.3647/97 Can 2.2259/06 UK 4 045/060 Neth 69.33/43 Swlt* M.63/73 Italy 2 696/663 France 47.60/70 Norv 44.67/74 Bel( com 6 WM Belg fin 6.93/96 Japan 0.6660/70
        34 words
      • Article
        Australia/NZ
        30 8 NEW ZEALAND exchanges quoted on June 13: outline 0.9406/ 0.9676 US doUar 6.M57/ 0 9ST7 Ninety -day forward rate: SUrUnc 0.9638 US <*«"—• 0.6667 Australia exchanges were una rail- Mo.
        30 words
      • Article
        Eurobond prices
        317 8 LONDON, Mon. Straight dollar Eurobonds were generally point firmer In quiet trading. Convertible dollar Eurobonds were basically unchanged in quiet trading, while the convertible yen Eurobonds were firmer in strong trading due to a general rise in buyer's in* terest. LONDON Eurobond prices on June 13 Straight* BM
        317 words
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      44 8 PLEASE REMEMBER I 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.
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon MAS eyes two alternative European cities for its DC 10
      329 9 FT MALAYSIAN Airline System is considering flying its DC 10 service from Kuala Lumpur either to Amsterdam or Frankfurt, following the continued refusal by the British authorities to allow the MAS wide-body aircraft to fly to London. The latest round
      FT  -  329 words
    • Article
      MSE repairs 26 vessels to date
      294 9 KUALA LUMPUR, Mon. Malaysia Shipyard Engineering Sdn. Bhd. has repaired 26 vessels at Its dockyard in Pasir Gudang, Johore, since It began operations in September last year. The vessels ranged from small ships to large crude carriers of more than 200.000 tonnes. According to
      294 words
    • Article
      Four form group to help build export markets
      259 9 FOUR independent businessmen in the UK have formed a non% commercial export advisory group to assist small-to-medlum companies on all aspects of finding and building export markets. Headed by Mr. Eric Proffit, sales director of Overseas Containers (Europe) Ltd.the rest of the
      259 words
    • Article
      Lock icon EIFC cut
      39 9 Reuter LONDON, Mon. Member lines of the Europe Indonesia Freight Conference (EIFC) announced they are reducing their bunker surcharge to 18.3 per cent from 19.6 from June 20. r This, follows a review of their bunker costs.
      Reuter  -  39 words
    • Article
      'FASC PROPOSAL IMPRACTICAL'
      491 9 THE proposal by the Federation of Asean Shippers' Councils (FASC) that "closed" shipping conferences be banned from operating within Asean countries, is impractical the local shipping community generally feels. Banning, they said, Is one thing but the benefits from such a ban Is another. "It cannot," one
      491 words
    • Article
      Far Eastern Shipping Company
      291 9 FAR Eastern Shipping Company (Fesco) Is registered in Vladivoitofc and is one of the largest shipping companies of the Soviet Union. There are more than 250 modern ocean-going liners at the disposal of the company and among them are dry cargo vessels of various classes and
      291 words
    • Article
      Lock icon Carter rejects Bill on cargo preference
      190 9 Washington Star WASHINGTON, Mon. The Carter Administration will oppose the top legislative priority of the United States shipping Industry and the nation's maritime unions. An April 28 memorandum from Commerce Secretary Janita Kreps to 13 Cabinet officers and other top administration officials indicates that
      Washington Star  -  190 words
    • Article
      Lock icon Govts turning a blind eye to the shipping problem
      720 9 FT LONDON: Popular history would have us believe that Admiral Lord Nelson wore an eye-patch. That was not In fact the case. He was blinded in one eye, it is true, but the damage was not immediately obvious, and he looked
      FT  -  720 words
    • Article, Illustration
      IN PORT
      302 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barguzln (0600K Subject free Board) 19 Herta Maersk (2300 after Kalhel Maru) (D/L) 35/36 King Tower (0600 22 Klmanls (1400) 20 Korean Mall (2359 after Michigan) (Draft 9.7 m) 47 Lanshan (0900) 25/26 Montes (0600) 23 No. 2 Blneka (H3RQ) (1100) 29/30 Oriental
      302 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      579 9 ARRIVALS Service Local Operator Number Time From CAL CI 331 0040 TPE/HKO/KUL TMA TL303B 0215 BEY/DXB/ BOM/KUL MAS MH682 0810 KCH CAL CI 806 1000 HLP SIA SQ211 1015 HLP OLA OA 980 1030 HLP OIA OA908 1100 MES SIA SQ240 1140 MES BWN RBA BI325 1155
      579 words
    • Article
      Lock icon KUWAIT WILL RETALIATE
      109 9 Reuter KUWAIT. Mon. The Kuwaiti Government announced today It would take retaliatory measures against any shipping company Imposing a surcharge on Kuwait-bound cargo. A senior government official told reporters a number of companies had Informed Kuwait they plan to levy a 35 per cent surcharge from this
      Reuter  -  109 words
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      257 9 m i i Within a short period of six years, The Open University, a unique experiment in higher education, has become an established part of the educational scene. It is now recognised all over the world as one of the most important educational and social developments of this century. The
      257 words
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  • Article, Illustration
    Lock icon MASTERMINDING THE KENNEDY MILLIONS
    1673 10  -  Fortunes of a famous family By MICHAEL JENSEN NYT. THE KENNEDY fortune, estimated at US$3OO million (SS73B million) to $500 million, has advanced the political careers of a United States President and two senators from one of the nation's best-known families. And It almost certainly will
    NYT.  -  1,673 words
  • Article, Illustration
    Lock icon Most popular of the boss-men in HK
    516 10 Reuter HONGKONG: Most Chinese here prefer to work for Americans because they pay well and are friendly bosses, according to a survey In this British colony. The British, seen as conservatives who do everything by the book, are outstripped In popularity both by
    Reuter  -  516 words
  • Article
    Lock icon The pullout and the balance of power
    874 10  -  By K C HWANG AP MANY foreign embassies In Seoul are concerned, If not worried, about the real Intentions of the United States regarding President Jimmy Carter's plan to withdraw 33,000 ground forces from Korea. Some say President Carter has failed to present
    AP  -  874 words
  • Article
    Lock icon Anger grows in hungry Poland
    681 10 AP POZNAN, (Poland): One year after workers' riots over food prices shook Poland, the authorities of this Soviet bloc country are confronted with a growing human rights movement and popular discontent over widespread supply shortages. "The mood Is very angry," Stanlslaw Baranczak, a member of
    AP  -  681 words
  • Article
    Lock icon The uranium hot potato...
    1076 10  -  A CASE OF MORALS VERSUS MONEY AUSTRALIA is in a position not only to make a vast amount of money but, some argue, even to influence the course of world history by the way it handles its uranium resources. But there are moral as well as
    Financial Times  -  1,076 words
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      Page 10 Advertisements Column 1
      57 10 NOW ON SALE at your regular bookshop. The phenomenal bestseller which has taken America by storm the story of a black American's search for his roots in Africa. ROOTS has sold over 1 1 < million hardback copies since its publication and it is continuing to top the bestseller lists
      57 words
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  • Article, Illustration
    IBF banking law book will boost financial education
    634 11 THE Institute of Banking and Finance has taken another step forward In Its role of providing training and development to meet the needs of the financial community with the publication of its first book, A Sourcebook of Banking Law in Singapore and
    634 words
  • Article
    No plans yet to venture into NCDs
    192 11 JAPANESE bankers here say tbey have no plans to plunge into the Asia Dollar nICD market despite the fact that they have applied to the Japanese Finance Ministry for permission to do so. The six banks here involved in the application are Mitsui,
    192 words
  • Article
    Lock icon HK garment trade slumps in first quarter
    326 11 AFP HONGKONG, Mon. The first quarter of this year has been a poor one for Hongkong's garments trade. The United States was the only major market to which exports did not fall. Sales to the US kept up a 2.7 per cent growth
    AFP  -  326 words
  • Article
    Lock icon 'Help Vietnamese rebuild for sake of Asian peace'
    342 11 UPI NEW YORK, Mon. Indonesian Foreign Minister Adam Malik has urged the United States to contri- bute to the reconstruction of Vietnam for "the sake of peace" in Asia, Newsweek International said yester- day. Mr. Malik, who has been Foreign Minister for
    UPI  -  342 words
  • Article
    Lock icon Late monsoon threatens Thai rice crop
    231 11 AP BANGKOK, Mon. A tardy monsoon is threatening Thailand's rice crop with drought at a critical time, a spokesman for the Thai Agriculture and Cooperatives Ministry said today. Seasonal rains, which usually begin in May, have been light throughout the country this year. Rice
    AP  -  231 words
  • Article
    Mercantile Bank sues
    79 11 MERCANTILE Bank Ltd. yesterday filed a suit In the High Court against John Philip Perelra for a sum of $658,127 allegedly due for breach of contract. breach ot duty, negligent performance of his obligations and/ or breach of trust. In another writ, Llan Soon Shipping and Trading
    79 words
  • Article
    How to improve quality of adverts
    377 11 AN ADVERTISER should go out of hia way to ensure that the advertising agency handling his business makes a healthy profit from his account. And ugly words like discounts and trade-offs must disappear in clientagency relations. Speaking on quality in local advertising with special
    377 words
  • Article
    Lock icon Aussies to visit Tokyo for talks on uranium controls
    472 11 Reuter TOKYO, Mon. An Australian Government delegation will visit Japan this month for talks on strict controls imposed by Canberra on the use of Australian uranium, the Foreign Ministry said today. The visit, expected on June 30, is part of general
    Reuter  -  472 words
  • Article
    Double deckers
    94 11 SINGAPORE'S first dou-ble-decker buses went Into service yesterday. Mr. Ong Teng Cheong, the Senior Minister of State for Communications, launched seven Leyland Atlantean double-deckers at the Tamplnes Way bus terminus yesterday for the Tamplnes Shenton Way route. Singapore Bus Service (SBS) purchased 20 Atlantean double-deckers for three services
    94 words
  • Article
    Lock icon BRAND NAMES BAG HANDSOME PROFITS
    540 11 AFP TOKYO, Mon. Some sharp-witted Japanese are cashing In on the current fad for European prestige brand handbags, cornering the market at Its source and hauling the goods to Japan, according to a Japanese weekly magazine. "The Shukan Shlncho said in Its latest edition that
    AFP  -  540 words
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  • Article
    Electronic industry handles more quality work
    261 12 WITH the good recovery by the electronics Industry in Singapore, more and more multinational electronic component manufacturers are transferring their quality control work here. Mr. Oeorge Clausen, director ot the US Trade Center, said yesterday that the electronics industry here, having recovered from the
    261 words
  • Article
    A COSTLY COLLAPSE FOR MNB
    85 12 MOSCOW Narodny Bank stands to lose up to about $1.9 million following the collapse of another of Its Singapore clients. The client is Regional Medida;a Centre Pte Ltd of DBS Building, which owes MNB $2 million, including interest, on a mortgage made in early 1974.
    85 words
  • Article, Illustration
    Lock icon Progress on main global economic issues at Summit
    553 12 LONDON. Mon. Reuter THE 33-nation Commonwealth summit conference enters its final three-day phase today showing progress on key international economic issues. The leaders have also apparently clinched an agreement on the vexed question of racialism in sport after informal talks in Scotland
    Reuter  -  553 words
  • Article
    Lock icon Another rise on heels of March's
    327 12 AFP TOKYO, Mon. Industrial production rose for the second straight month in April the first back-to-back monthly advance in nine months, revised official figures confirmed today. The Ministry of International Trade and Industry (MITI) said its mining and manufacturing output index climbed 0.9 per
    AFP  -  327 words
  • Article
    LONDON STOCKS
    797 12 LONDON. Mon. Equities closed slightly easier after a dull session At 300 pm the Financial Times index was off 1.7 at 447.7 The main factor inhibiting interest was the announcement. expected tomorrow, of details relating to the sale of the government's 17 per cent stake in British Petroleum.
    797 words
  • Article
    Lock icon Debts of former Saigon regime
    134 12 Reuter TOKYO, Mob. A Japanese Foreign Ministry official will visit Vietnam this month to discuss settlement of the former Saigon Government's 15,500 million yen (***** million) debt to Japan, the Ministry said today. It said Mr. Tadashi Ohtaka, of the Economic Cooperation Affairs Bureau, would
    Reuter  -  134 words
  • Article
    Lock icon Inspired by Hua
    38 12 UPI HONGKONG, Mon. China's oilfields, spurred by a national industrial drive ordered by Communist Party chairman Hua Kuofeng, pumped oil at a record rate in May, The New China News Agency (NCNA) reported today. UPI.
    UPI  -  38 words
  • Article
    Lock icon S. African incomes slip one pc
    245 12 AP JOHANNESBURG, Mon. Real incomes in South Africa dropped nearly 1 per cent in 1976 in the nonindustrial sector, primarily because of an inflation rate of 11.1 per cent. Writing in the latest issue of Barclays' "Business Brief," the bank's chief economist, Mr. Johan
    AP  -  245 words
  • Article
    Lock icon Offer to sell beef direct to retailers
    259 12 Reuter TOKYO, Mon. An Australian State Minister said today that he had offered to sell beef direct to Japanese retailers to reduce the high price of beef here, but that his suggestion has greeted by Japan's Agriculture Ministry as an "attempt at humour."
    Reuter  -  259 words
  • Article
    Lock icon Olivetti carves out more than a niche in Japan
    642 12 FT. ROME: "A market for your product doesn't have to exist you can create it," says Luciano Cohen, the president of Olivetti Japan. The market which Olivetti created in Japan was for portable typewriters, unlikely one might think In a country
    FT.  -  642 words
  • Article
    Think again call by pawn brokers
    155 12 PAWNBROKERS yesterday appealed to the Government to reconaider its proposed ban on deposit taking by pawnshops from the general public. The ban is contained in the Pawnbrokers (Amendment) Bill now before Parliament which when implemented will mean the drying up of working capital for
    155 words
  • Article
    Lock icon Szechwan harvest
    47 12 Reuter HONGKONO, Mon. China's south-western Szechwan province has recorded a good harvest of summer crops despite natural disasters, the New China News Agency reported yesterday. The agency said the province "reaped a record harvest of wheat and other summer harvested crops on 3.4 million hectares."
    Reuter  -  47 words
  • Article
    Commodity exchange: Is silence golden?
    414 12 SINGAPORE'S proposed commodity exchange, which Is supposed to have its start-up In gold futures trading, looks like being in wraps for some time yet. The authorities are staying mum on the matter though it is understood that the proposal for the exchange, put up by
    414 words
  • Article
    Lock icon Manila debt up $300 million in first quarter
    132 12 Reuter MANILA, Mon. The Philippines external debt rose US$l22 million (Ss3oo million) in first quarter 1977 to $5.64 billion, Central Bank statistics show. New borrowing in the quarter totalled $720 million and interest on outstanding debts $93 million, while $691 million of
    Reuter  -  132 words
  • Article
    Lock icon Upadit visit
    24 12 Reuter BANGKOK, Mon. Thai Foreign Minister Upadit Pachariyangkun will leave here tomorrow for a fiveday visit to Indonesia, informed sources said today.
    Reuter  -  24 words
  • Article
    Exclusive Hongkong bags, shoes at emporiums
    335 12 THE Chinese emporiums in Singapore are all out to create a more outward-look-ing image by setting up five Millie's Corners (counters), in various localities, offering exclusive merchandise such as handbags and shoes imported from Hongkong. This is a joint venture between Millie's Holdings of
    335 words
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      Page 12 Advertisements Column 1
      218 12 The answers to all complicated calculations are at your' fingertip When unnecessary calculations bore you down and your business comes to a standstill because you mis-calculated, it's time you consult the Professional s^^n. SHARP CALCULATORS are 'Professors of\ calculations', Be it simplified or complicated,\ the answers are given QUICK and
      218 words