The Business Times, 14 June 1977
1977-06-14
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The Business Times
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Title Section10 1977-06-14 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, JUNE 14, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article84 1977-06-14 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 100Reuter - 84 words
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Article55 1977-06-14 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 SouthAFP - 55 words
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Article43 1977-06-14 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
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Article56 1977-06-14 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 celebrationsReuter - 56 words
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Article62 1977-06-14 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 byAFP - 62 words
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Article61 1977-06-14 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 CommissionAP - 61 words
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Article94 1977-06-14 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 ofUPI - 94 words
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Chief Price Changes
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Article, Illustration176 1977-06-14 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 253.22176 words
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Article121 1977-06-14 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 -05121 words
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Article, Illustration286 1977-06-14 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
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Article, Illustration610 1977-06-14 1 QUEK PECK LIM - 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 spokesman610 words
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95 1977-06-14 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 pressAFP - 95 words
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429 1977-06-14 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
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291 1977-06-14 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 holdingReuter - 291 words
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256 1977-06-14 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 expectation256 words
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Article97 1977-06-14 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 ILO97 words
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331 1977-06-14 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 against331 words
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Article, Illustration316 1977-06-14 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 April316 words
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Article78 1977-06-14 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'sReuter - 78 words
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Page 1 Advertisements
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Advertisement66 1977-06-14 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 News66 words
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Advertisement58 1977-06-14 1 S&BJSy you can buy almost anything now and arrange payments to suit your personal budget. For further details, write to our Accounts Department for a brochure. 0 I!() > \S<INS SPECIALISTS* SHOPPING CENTRE Orchard Road Singapore 9 Tel: *****2 Mors Tuts Wads Fri 9.45 am to 630pm Thors ft Sats58 words
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Advertisement180 1977-06-14 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
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441 1977-06-14 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 programmeNYT - 441 words
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126 1977-06-14 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
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369 1977-06-14 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) projectUPI - 369 words
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1329 1977-06-14 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 reportReuter - 1,329 words
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Article256 1977-06-14 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 because256 words
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Article244 1977-06-14 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 todayAP - 244 words
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Article49 1977-06-14 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
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Article198 1977-06-14 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 "FaceReuter - 198 words
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Article73 1977-06-14 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 underlinedReuter - 73 words
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212 1977-06-14 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 centReuter - 212 words
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Article133 1977-06-14 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 UnionAFP - 133 words
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Article122 1977-06-14 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 IslandReuter - 122 words
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435 1977-06-14 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 representedNYT - 435 words
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266 1977-06-14 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 ofReuter - 266 words
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Article32 1977-06-14 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
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556 1977-06-14 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 theReuter - 556 words
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243 1977-06-14 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 ofReuter - 243 words
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1044 1977-06-14 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. WithNYT - 1,044 words
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Article140 1977-06-14 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 favourAFP - 140 words
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504 1977-06-14 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 andReuter - 504 words
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Article143 1977-06-14 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 beingReuter - 143 words
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186 1977-06-14 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 forReuter - 186 words
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Page 2 Advertisements
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Advertisement197 1977-06-14 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 in197 words
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Page 2 Miscellaneous
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Miscellaneous53 1977-06-14 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 3.8553 words
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Miscellaneous277 1977-06-14 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 7.00277 words
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Page 3 Advertisements
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Advertisement420 1977-06-14 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 approach420 words
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COMPANY NEWS
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446 1977-06-14 4 THE strong recovery staged by Singapore Glass (1974) In the last financial year ended March 31. 1977 has continued in tne current year. Consolidated pre-tax profit trebled from $418,191 to $1.27 million during the year under review- which, although lower than the record $2.25 million446 words
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Article273 1977-06-14 4 DESPITE a 14 per cent reduction in the production of tin concentrates last year, tribute Income at Kuchal Tin rose marginally to M 5327.885 largely on account of the higher tin price. At the beginning of 1976, the tin price broke through the $1,600 per picul273 words
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371 1977-06-14 4 KUALA LUMPUR, Mon. Shareholders of Multipurpose Holdings will be able to dictate who should ran the company and perhaps Influence Its policies. This Is because Multipurpose Is "a people's company" In which the ordinary man in the street will be able to participate In371 words
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Latest results
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Article17 1977-06-14 4 Consolidated pre-tax loss M 5771,309 ($605,397) for the year ended Dec 31, 1976.17 words
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Article18 1977-06-14 4 Con- solidated pre-tax profit M 592,565 (loss $1.54 million) for the year ended Dec 31, 1977.18 words
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Article26 1977-06-14 4 Pre-tax profit M 52.73 million ($2.52 million) for the year ended Dec 31, 1976. First and final dividend 10 per cent (same).26 words
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Article249 1977-06-14 4 FOR the year ended Dec 31, 1976 pre-tax profit at Llngul Development increased by 13 per cent to M 5453,278. The bulk of the earnings was again derived from its Investments, which grossed an Income of $379,672 or 83.8 per cent of the pre-tax profit. At249 words
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COMPANY MEETINGS
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Article21 1977-06-14 4 THE following company meetings are due: June 15, 10.30 a.m., Registered Office, at Jandarata Estate, Teluk Anson, Malaysia.21 words
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Article13 1977-06-14 4 June 15, 11 a.m., 70 Jalan Ampang, Kuala Lumpur.13 words
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17 1977-06-14 4 June 16. 11 a.m., Ist Floor, No. 57 Jalan Brickfields, Kuala Lumpur.17 words
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Article17 1977-06-14 4 June 18, 9 a.m.. Registered Office, 6th Floor, Denmark House, Raffles Quay, Singapore 1.17 words
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Article17 1977-06-14 4 June 20, 11.30 a.m., Registered Office, 'Birch House', 73 Jalan Datuk Keramat, Penang.17 words
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Article20 1977-06-14 4 June 20, 11.45 a.m., at Mandarin Court A, 4th Floor, Mandarin Hotel, Orchard Road, Singapore 9.20 words
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Article19 1977-06-14 4 June 20,12 noon, at Mandarin Court A, 4th Floor, Mandarin Hotel, Orchard Road. Singapore 9.19 words
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Article16 1977-06-14 4 June 20, 3 p.m., U. 0.8. Building, 4th Floor, 1 Bonham Street, Singapore 1.16 words
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Article17 1977-06-14 4 June 20. 4 p.m., 24th Floor, Hong Leong Building, 16 Raffles Quay, Singapore.17 words
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17 1977-06-14 4 June 22, 10 a.m., at Conference Room 3, The Regent of Kuala Lumpur.17 words
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Article21 1977-06-14 4 June 22, 10 a.m.. Registered Office, 3rd Floor, Tan Chong Building, 62-68 Jalan Ipoh. Kuala Lumpur.21 words
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Article12 1977-06-14 4 June 22, 2.30 p.m., 70 Jalan Ampang. Kuala Lumpur.12 words
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Article14 1977-06-14 4 June 23,12 noon, 11th Floor, Supreme House, Penang Road. Singapore 9.14 words
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16 1977-06-14 4 June 23, 3 p.m.. Registered Office, 70 Jalan Ampang, Kuala Lumpur.16 words
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Article18 1977-06-14 4 June 24, 10 a.m., 6th Floor, Bangkok Bank Building 105 Jalan Bandar, Kuala Lumpur.18 words
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15 1977-06-14 4 June 24, 11 a.m., 172 Jalan Datln Hallmah. Johor Baru.15 words
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Article13 1977-06-14 4 July 16, 12 noon, at Empire Dock, Singapore 4.13 words
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900 1977-06-14 4 IN the depressed and highly competitive property development market In Malaysia last year, the divergent performance of Bolton Properties and Bandar Raya Development has thrown into relief the different approaches of the two companies. For Bolton, which sold Its middle-class houses in Taman Mldah900 words
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749 1977-06-14 4 NYT NEW YORK, Mon. When Congoleum Corp made a surprise offer last October for all the common stock of the Universal Leaf Tobacco at U5532.50 a share in cash, there was initial bewilderment in Wall Street. Why would a linoleum and furniture businessNYT - 749 words
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Article98 1977-06-14 4 AP MILAN, Mon. Italian stock markets reopened yesterday after brokerage agents and employees suspended their unrest, which shut down Italy's financial markets for six consecutive sessions. The markets' blockade started on June 3 to protest growing dismissals of brokerage employees In the wake of the severe crisisAP - 98 words
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Article745 1977-06-14 4 1 Damt Ei Date Total for 1 1 it) nut Data payable th* yaar previous yoar Jardinos T iipin( Consolidated U.O. Land Gold Coin 5% 20% 6% May 13 May 23 May 23 June 14 June 16 June 18 5* 30* 6* 5% 27.5* 6* 11* 11* 10*745 words
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Page 4 Advertisements
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Advertisement1891 1977-06-14 4 The First Canadian Bank ■■i Bank of Montreal 129 St. James Street, Montreal, Quebec H2Y IL6, Canada. Statement of Assets and Liabilities October 31, 1976 Caah Resources Cash and due from banks (Note 2) Cheques and other items in transit, net Securities Securities issued or guaranteed by Canada, at amortized1,891 words
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INTERNATIONAL COMPANY NEWS
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Article242 1977-06-14 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'sReuter - 242 words
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Article168 1977-06-14 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 thereReuter - 168 words
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397 1977-06-14 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 theFT - 397 words
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220 1977-06-14 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 andReuter - 220 words
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Article48 1977-06-14 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. AFPAFP - 48 words
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Article857 1977-06-14 5 PAUL BETTS - 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 mereFT - 857 words
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Article443 1977-06-14 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 million443 words
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Article108 1977-06-14 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 westernReuter - 108 words
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Article89 1977-06-14 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 andReuter - 89 words
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Article274 1977-06-14 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 Cement274 words
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Article89 1977-06-14 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 Suisse89 words
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Article61 1977-06-14 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 andReuter - 61 words
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649 1977-06-14 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 prospectsNYT - 649 words
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Article705 1977-06-14 5 WILLIAM ABRAMS - 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 andNYT - 705 words
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Article193 1977-06-14 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 17.1Reuter - 193 words
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Article49 1977-06-14 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.49 words
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142 1977-06-14 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 anyReuter - 142 words
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Page 5 Advertisements
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Advertisement57 1977-06-14 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*'.57 words
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Article2191 1977-06-14 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 A2,191 words
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Article1398 1977-06-14 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 Board1,398 words
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Article1513 1977-06-14 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) 1.78.1,513 words
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Article101 1977-06-14 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}101 words
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Article132 1977-06-14 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 Bumlputra132 words
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Article106 1977-06-14 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 B106 words
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Article129 1977-06-14 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) (100.758129 words
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Page 6 Advertisements
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Advertisement16 1977-06-14 6 found only in the PENGUIN I •rn 4 •■f v ri I i r a m16 words
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Article, Illustration634 1977-06-14 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 in634 words
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Article380 1977-06-14 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 was380 words
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Article587 1977-06-14 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 summerNYT - 587 words
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232 1977-06-14 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 progressivelyReuter - 232 words
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269 1977-06-14 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 Hegner269 words
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INTERNATIONAL STOCK MARKETS
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Article471 1977-06-14 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
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Article487 1977-06-14 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 the487 words
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Article113 1977-06-14 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 First113 words
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961 1977-06-14 7 JOHN WICKS - 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 newFT - 961 words
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182 1977-06-14 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 dallyReuter - 182 words
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901 1977-06-14 7 WALLACE TURNER - 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 anNYT - 901 words
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Page 7 Advertisements
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Advertisement346 1977-06-14 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 type346 words
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COMMODITY REPORTS AND PRICES
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Article405 1977-06-14 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
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Article29 1977-06-14 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
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Article289 1977-06-14 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. 3289 words
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Article78 1977-06-14 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
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Article188 1977-06-14 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. Shortly188 words
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Article204 1977-06-14 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 sir204 words
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Article296 1977-06-14 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 drop296 words
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Article289 1977-06-14 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 short289 words
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Article150 1977-06-14 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 of150 words
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Article103 1977-06-14 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 Induced103 words
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Article64 1977-06-14 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 steadier64 words
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Article48 1977-06-14 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
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Article235 1977-06-14 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 at235 words
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Article116 1977-06-14 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 by116 words
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Article78 1977-06-14 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 2,92578 words
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408 1977-06-14 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
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Article129 1977-06-14 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 lowReuter - 129 words
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Article98 1977-06-14 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
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1062 1977-06-14 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 toFT - 1,062 words
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Article94 1977-06-14 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
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MONEY AND EXCHANGES
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Article503 1977-06-14 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 Singapore503 words
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Article48 1977-06-14 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 1448 words
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Article170 1977-06-14 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 3/4170 words
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Article45 1977-06-14 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
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Article104 1977-06-14 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
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Article276 1977-06-14 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 Japan276 words
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Article122 1977-06-14 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 local122 words
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Article172 1977-06-14 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, after172 words
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Article34 1977-06-14 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 0.6660/7034 words
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Article30 1977-06-14 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
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Article317 1977-06-14 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* BM317 words
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Page 8 Advertisements
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Advertisement44 1977-06-14 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 2.44 words
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TRANSPORT AND COMMUNICATIONS
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329 1977-06-14 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 roundFT - 329 words
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Article294 1977-06-14 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 to294 words
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259 1977-06-14 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 the259 words
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Article39 1977-06-14 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
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Article491 1977-06-14 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," one491 words
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Article291 1977-06-14 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 and291 words
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190 1977-06-14 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 thatWashington Star - 190 words
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720 1977-06-14 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 lookedFT - 720 words
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Article, Illustration302 1977-06-14 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 Oriental302 words
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Article579 1977-06-14 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 1155579 words
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Article109 1977-06-14 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 thisReuter - 109 words
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Page 9 Advertisements
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Advertisement257 1977-06-14 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. The257 words
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Article, Illustration1673 1977-06-14 10 MICHAEL JENSEN - 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 willNYT. - 1,673 words
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Article, Illustration516 1977-06-14 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 byReuter - 516 words
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874 1977-06-14 10 K C HWANG - 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 presentAP - 874 words
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Article681 1977-06-14 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 ofAP - 681 words
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Article1076 1977-06-14 10 DON LIPSCOMBE - 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 asFinancial Times - 1,076 words
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Page 10 Advertisements
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Advertisement57 1977-06-14 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 lists57 words
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Article, Illustration634 1977-06-14 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 and634 words
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192 1977-06-14 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
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326 1977-06-14 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 growthAFP - 326 words
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342 1977-06-14 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 forUPI - 342 words
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231 1977-06-14 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. RiceAP - 231 words
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Article79 1977-06-14 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 Trading79 words
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377 1977-06-14 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 special377 words
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472 1977-06-14 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 generalReuter - 472 words
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Article94 1977-06-14 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 services94 words
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Article540 1977-06-14 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 thatAFP - 540 words
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Page 11 Advertisements
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Advertisement448 1977-06-14 11 Nordic Bank SUMMARY OF AUDITED ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 1976 Nordic Bank Limited HEAD OFFICE Nordic Bank House 41-43 Mincing Lane London EC3R 7SP Telephone: 01-*****61-9 Telex: *****4-5 Cables: Nordicbank London Shareholders with equal participation: Dan norska Creditbank, Oslo Kansallis-Osake-Pankki. Helsinki Svenska Handelsbanken. Stockholm FAR EAST Singapore448 words
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261 1977-06-14 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 the261 words
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Article85 1977-06-14 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
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Article, Illustration553 1977-06-14 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 ScotlandReuter - 553 words
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Article327 1977-06-14 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 perAFP - 327 words
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Article797 1977-06-14 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
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Article134 1977-06-14 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, wouldReuter - 134 words
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Article38 1977-06-14 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
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Article245 1977-06-14 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. JohanAP - 245 words
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259 1977-06-14 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
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642 1977-06-14 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 countryFT. - 642 words
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Article155 1977-06-14 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 for155 words
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Article47 1977-06-14 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
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414 1977-06-14 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 by414 words
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132 1977-06-14 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 ofReuter - 132 words
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Article24 1977-06-14 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
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335 1977-06-14 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 of335 words
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Page 12 Advertisements
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Advertisement218 1977-06-14 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 and218 words
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