The Business Times, 17 June 1977
1977-06-17
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The Business Times
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Title Section9 1977-06-17 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, JUNE 17, 1977 50CENTS9 words
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NEWS IN BRIEF
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Article54 1977-06-17 1 UPI LONDON, Thurs. Britain had a visible trade deficit of £244 million (S$ 1,025 million) in May compared with a revised deficit of £129 million the previous month, the Department of Trade announced today. Invisibles from shipping, insurance and tourism, etc were running at a monthly surplusUPI - 54 words
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Article56 1977-06-17 1 Reuter LONDON, Thurs. The International Tin Council (ITC) said it has been officially notified by the UN In New York that Bolivia ratified the Fifth International Tin Agreement on June 14. The ITC said Bolivia's ratification allows the definite entry into force of the fifth agreement In accordanceReuter - 56 words
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Article60 1977-06-17 1 Reuter KUWAIT, Thurs. Gas producing countries will meet in London from June 20 to 23 to set gas prices for the last quarter of 1977, the daily AlAnbaa newspaper reported. The paper quoted an under-secretary at the Oil Ministry as saying the meeting is within the framework ofReuter - 60 words
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Article77 1977-06-17 1 JOHORE BARU, Thurs. Penang businessman Pang Plow Kan alias Boh Plow Kan, 31, was today fined Msl million, in default three years Jail, for attempting to smuggle 40 gold bars, valued at $547,430, into Malaysia. Pang pleaded guilty. He admitted committing the offence at the Causeway77 words
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Article31 1977-06-17 1 Reuter LONDON, Thurs. The Bank of England said sub-underwriters have promised to take 42 per cent of the 66.78 million government-owned British Petroleum shares now on offer.— Reuter.Reuter - 31 words
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Article60 1977-06-17 1 KUALA LUMPUR, Thurs. The Malaysian Trades Union Congress will stage a one-day nationwide strike on Oct 3 in protest against the "unhealthy labour laws in the country." Mr. V. David, MTUC acting secretary-general, said the decision to strike was the result of the mandate given by its60 words
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Article62 1977-06-17 1 AFP TOKYO, Thurs. The Dow-Jones average on the Tokyo stock market recorded Its best gain in 4Yi months today in moderate trading. The Dow indicator of 225 selected stocks in the first section spurted 51.62 yen to 4,970.19 yen for the largest single-day rise since a 63.65AFP - 62 words
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Article71 1977-06-17 1 UPI NEW YORK, Thurs. Stocks were lower early today In moderately active trading as Investors waited for the Federal Reserve Board's weekly money figures. The Dow Jones Industrial average, which fell five points yesterday, was off 3.39 points to 914.18 shortly before the first hour of trading. DeclinesUPI - 71 words
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Chief Price Changes
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Article, Illustration175 1977-06-17 1 PRICES eased across the board in dull trading on the Stock Exchange of Singapore yesterday. The morning session opened on an easier note and this set the pace for the rest of the day. At the close, the Business Times index shed 1.56 points to 316.01 and175 words
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Article112 1977-06-17 1 Falls Most active M Tobacco 5.50 -.10 G. Lumber 719.000 M. Containers 1.16 -.10 Haw Par 664.000 O.C.B.C. 6.80 -.10 C. Securities 437.000 G Lumber 1.12 07 Perak Carbide 284.000 C Sugars 3 02 06 Total Turnover 4.00 M M. Flour 2 85 06 Total Value MS112 words
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783 1977-06-17 1 65pc PLUNGE AGAINST APRIL'S Reuter UPI TOKYO. Thurs. A fall In ship exports—a traditional Japanese export stronghold and high crude oil imports slashed Japan's visible trade surplus to US$63O million (551,550 million) last month. This is 64.6 per cent down from April's monthly recordReuter; UPI - 783 words
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Article396 1977-06-17 1 THE compliance committee of the 14 international airlines which made a "gentlemen's agreement" to sell air tickets for flights from Singapore to Europe at a standard rate, met yesterday to discuss, among other things, regulation of the agreement. This is the first time that the committee396 words
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444 1977-06-17 1 SINGAPORE Airlines (SIA) is believed to be close to deciding on its second widebodied long range aircraft, the purchase of which may cost between $400 million and $500 million. Intensive negotiations began a week ago between the national carrier and high powered sales executives444 words
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401 1977-06-17 1 LONDON, Thurs. Commonwealth leaders have urged the European Economic Community to grant preferential treatment to their countries. In their lengthy communique Issued at the end of the Commonwealth Summit here, they stressed the important contribution which the EEC could make to enlarge the market401 words
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Article275 1977-06-17 1 KUALA LUMPUR, Thurs. The US Secretary of Agriculture. Mr. Bob Bergland. gave an assurance today that he will veto any move to impose quota restrictions on the Import of palm oil in his country. He said: "I will say categorically that Malaysian palm oil should275 words
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Article119 1977-06-17 1 AP GENEVA, Thurs. The United States was warned by major trading partners today that countervailing duties against Japanese electronic goods would be illegal and could lead to trade reprisals. The warning was Issued by the 62-nation council of the General Agreement on Tariffs and TradeAP - 119 words
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242 1977-06-17 1 JAKARTA, Thurs. Trading in Indonesian commodities such as rubber and coffee will not be affected by the recent ban on commodity future* trading, according to trade sources here. Under previously existing regulations, dealing in Indonesian commodities is limited to one month forward physical business242 words
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Article47 1977-06-17 1 AFP MANILA, Thura. Lloyds Bank International is to inaugurate soon its offshore banking unit in the Philippines, Lloyds' Manila manager. J.O. James, announced today. The British bank is one of 15 banking institutions recently authorised by the Central Bank to operate in the Philippines. AFPAFP - 47 words
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338 1977-06-17 1 Reuter AFP TOKYO. Thurs. Thai Prime Minister Thanin Kraivichien said in an interview published here today that Japan and Asean must either cooperate or perish. He told the JapaneseLanguage daily Sankei Shimbun: "Cooperation is necessary for the survival of both Japan andReuter; AFP - 338 words
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Article280 1977-06-17 1 A MEETING at technical level between Singapore and the Philippines is expected to be held at an early dote to conclude an investment guarantee agreement between the two Republics. This was among the matters discussed and agreed upon by the PhilippineSingapore Commission, a body set up to280 words
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Page 1 Advertisements
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Advertisement69 1977-06-17 1 SEXTUS DE SUVA jeweller FOR FINE JEWELS DIAMONDS GEMS SEXTUS DE StLVA A HYDE (PTE) LTO JEWELLERS OF DISTINCTION COtD STORAGE ARCADE 179, ORCHARD RCAD, SINGAPORE 9. TEL *****3 SEE PAGE 5 Overseas New«/TV ft Overseas Stocks P7 Radio P2 Commodities P8 Overseas Newt/ Transport A Feature P3 Communications P969 words
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Advertisement100 1977-06-17 1 Copy large size originals on one sheet, size for sizeno trimming, no sticking together. Xerox 3103 No matter what the originals. Up to 14" by 18" or 356 mm by 457 mm. Solids. Half tones. Or pale blue. The Xerox 3103 gives perfect reproductions. Every time. Size for size. On100 words
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Advertisement256 1977-06-17 1 ampler iflbii par 2m>;. GOLFfTim M 27. FAR EAST SHOPPING C(\T»( 545 ORCHARD ROAD yJflvN. SINGAPORE 9 TEL ***** V J 7 k TELEX RS ***** CABLE PARGOtr W 0 Wayfoong MAF A lending bend when yon need a most u lf only I had the money...'" John Tan, private256 words
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OVERSEAS
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457 1977-06-17 2 AID FOR INDIA A KEY FEATURE Agencies WASHINGTON, Thurs. The Senate yesterday approved a US$l.6 billion (553.9 billion) foreign aid bill containing the first significant amount of US aid for India since the 1971 India-Pakistan war. By a 59-32 margin, it passed theAgencies - 457 words
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Article314 1977-06-17 2 UPI GENEVA, Thurs. A magistrates court said yesterday it will decide next Thursday, whether to send "Bernie" Cornfeld. former head of the defunct mutual fund empire Investors Overseas Services, to trial for illegal financial dealings. Cornfeld came from the United States for the hearing. whichUPI - 314 words
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409 1977-06-17 2 AFP UNITED NATIONS, Thurs. The American labour movement's delegate to the International Labour Organisation (ILO) expressed doubt today on whether it is possible to "de-politicise" the labour agency which the United States plans to leave if no changes are made. Mr. IrvingAFP - 409 words
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265 1977-06-17 2 UPI WASHINGTON, Thurs. The director of the US agency for international development, John Gilligan, told a United Nations conference that the United State* is willing to step up its longterm aid programme on the condition that the UN reform and improve its programmes.UPI - 265 words
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117 1977-06-17 2 UPI TOKYO. Thurs. The US Civil Aeronautics Board banned off-route charter flights of Japan Air Lines (JAL) from and to Tokyo International Airport, official said today. The Transportation Ministry and JAL said the announcement was made to JAL officials in Washington yesterday. The CABUPI - 117 words
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756 1977-06-17 2 AFP AP WASHINGTON. Thurs. Six Gulf Oil officials are appearing before a House of Representatives Investigatory committee to answer accusations that the firm joined an international uranium price ring. California Democrat John Moss, the committee's chairman, said Gulf's chief executive and the chairman ofAFP; AP - 756 words
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389 1977-06-17 2 Reuter NEW YORK. Thurs. All signs point to further Increases in US interest rates. Citibank economists said In the monthly economic review for June. Neiiner the fundamentals of the economic situation nor seasonal factors suggest a summer decline In rates, they said.Reuter - 389 words
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425 1977-06-17 2 AFP LONDON, Thurs. In a comprehensive survey of both precious and base metals, the Mining Journal's annual review brackets its forecasts largely with events in the United States, while offering little scope for any great improvement in the price ranges, except perhaps for tin.AFP - 425 words
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122 1977-06-17 2 UPI WASHINGTON, Thurs. The Carter Administration will try to break down a movement In Japan and Europe towards an international steel cartel that could lead to lower US production and higher unemployment, Assistant Treasury Secretary Fred Bergsten said today. If restrictive trade agreementsUPI - 122 words
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188 1977-06-17 2 UPI WASHINGTON. Thurs. The Soviet Embassy here is .far and away the leading "scofflaw" in the District of Columbia, according to figures compiled by the local Department of Transportion. The department supplied a list to Congress which shows that Soviet diplomats collected 12.270 parkingUPI - 188 words
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Article59 1977-06-17 2 Reuter TORONTO. Thurs. Toronto Dominion Bank said it set a US dollar base lending rate of seven per cent, effective immediately. The bank has not previously had an established rate for loans made in Canada in US dollars, and a spokesman said one will now beReuter - 59 words
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436 1977-06-17 3 Reuter FRANKFURT, Thurs. German call money rates, now trading at around a 7'/» month low of 3.5/3.6 per cent, appear to have reached their floor for the time being, money market specialists said. Rates will rise during the rest of the monthReuter - 436 words
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119 1977-06-17 3 AFP CAIRO, Thurs. The Egyptian Central Bank and a consortium of 14 French banks yesterday signed a protocol opening a 380 million French franc (SslB7 million) credit line to help Egypt finance the purchase of French goods and services for industrialisation projects. The projectsAFP - 119 words
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Article145 1977-06-17 3 UPI WASHINGTON, Thura. Industrial production »urXed 1.1 per cent in May on the strength of stronger output of iron, steel, consumer products and business equipment, the Federal Reserve Board reported yesterday. The jump in the output of mines, factories and utilities outstripped the 0.8 perUPI - 145 words
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1072 1977-06-17 3 Reuter NYT PARIS. Thurs. The Carter Administration Is now warning allies that It cannot be solely responsible for maintaining employment In the Western industrial world In the face of a likely continuation of the economic recession. Instead. It is once againReuter; NYT - 1,072 words
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Article115 1977-06-17 3 UPI WASHINGTON. Thurs. The State Department said yesterday that Secretary of State Cyrus Vance and Treasury Secretary Michael Blumenthal will head the US delegation to the annual ministerial meeting of the Organisation for Economic Cooperation and Development in Paris on June 23 and 24. The department saidUPI - 115 words
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584 1977-06-17 3 Reuter LONDON. Thurs. The rise in UK wage costs will need to be "significantly below" the expected rate of monetary expansion of 9 to 13 per cent in the broaderbased money supply (M-3) in the current fiscal year to allow for realReuter - 584 words
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163 1977-06-17 3 Reuter LONDON, Thurs. The London Eurocurrency market expanded by US$4 billion (SS9.B billion) to $206.6 billion In the first quarter of 1977, the Bank of England reported. It measures the market by the gross foreign currency liabilities of the reporting institutions and notes In its quarterlyReuter - 163 words
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Article81 1977-06-17 3 Reuter LONDON, Thurs. UK monetary authorities sold 11.66 billion (556.97 billion) net of government bonds in the March quarter, the Bank of England disclosed. The sales, the figure for which is shown for the first time in the bank's quarterly bulletin, occurred mostly in January. Total netReuter - 81 words
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Article128 1977-06-17 3 Reuter BRUSSELS, Thurs. The Common Market Commission announced plans to raise an Initial one billion units of account to help Investments in key sectors of the EEC economy. The plan, presented at a press conference by Commission vice-president Francois Xavler Ortoll, will be discussedReuter - 128 words
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Page 2 Advertisements
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Advertisement226 1977-06-17 2 > mm M 1 a < < > v$&3N New Cortina's crisp elegance is in the tradition of classical European styling yet every line and feature is functional. From the front "air-dam" spoiler for speed stability and safe roadholding to the big wrap-around tail lamps, new Cortina combines function with226 words
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Page 2 Miscellaneous
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Miscellaneous286 1977-06-17 2 SINGAPORE 5 3.00 PM Opening followed by Housewives' Matinee The Longest Appointments (repeat) 4.00 Diary of Events (Chinese) 4.05 Window (Chinese repeat) 4.35 Intermission 6.05 Opening followed by Exercise with Gloria 6.30 News in Brief 6.35 December Bride Lily Hires a Maid 7.05 The Lady wears a star 7.30 News286 words
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Miscellaneous52 1977-06-17 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on June IS at Singapore airport. Maximum Temperature 27.3° C Associated Humidity 92 Minimum Temperature 23.8° C Associated Humidity 96 Hours of Sunshine Nil Rainfall in Millimetres 1.0 Total Rainfall for the Month 184.0 Total Rainy Days for the52 words
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Page 3 Advertisements
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Advertisement215 1977-06-17 3 New Ford Cortina The classic eurocar > J N •s--sf Vv?-:-'v <v X :>:***' «S.. j f.; fsk**/ > > B:: V<>k si >w •>» y •<&& y: :> :> y r Ford Cortina. Not just new a completely fresh, breathtaking breed of car from the world famous Cortina family,215 words
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COMPANY NEWS
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Article376 1977-06-17 4 THANKS to higher prices for all Its commodities. Consolidated Plantations Is heading for another record year, according to results for the first nine months ended March 31, 1977. For the period under review, pre-tax profit rose 34 per cent to M 556.15 million or four376 words
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COMPANY MEETINGS
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Article23 1977-06-17 4 THE following company meetings are due: June 18, 9 a.m., Registered Office, 6th Floor, Denmark House, Raffles Quay. Singapore 1.23 words
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Article17 1977-06-17 4 June 20, 11.30 a.m., Registered Office, 'Birch House', 73 Jalan Datuk Keramat, Penang.17 words
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Article20 1977-06-17 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 1977-06-17 4 June 20,12 noon, at Mandarin Court A, 4th Floor, Mandarin Hotel, Orchard Road, Singapore 9.19 words
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Article16 1977-06-17 4 June 20, 3 p.m., U. 0.8. Building, 4th Floor, 1 Bonham Street, Singapore 1.16 words
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Article17 1977-06-17 4 June 20, 4 p.m., 24th Floor, Hong Leong Building, 16 Raffles Quay, Singapore.17 words
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17 1977-06-17 4 June 22, 10 a.m.. at Conference Room 3, The Regent of Kuala Lumpur.17 words
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Article12 1977-06-17 4 June 22, 2.30 p.m., 70 Jal&n Ampang, Kuala Lumpur.12 words
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377 1977-06-17 4 SENTOSA Plywood, which reported on Wednesday that It Is to acquire 8.85 million shares in Faber Merlin Malaysia, enjoyed a sharp 227.8 per cent increase in pre-tax profit to M 51.04 million for the first halfyear ended April 30, 1977. In an interim377 words
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281 1977-06-17 4 JUDGING by the tone of chairman. Mr. Shaw Vee Meng's statement, shareholders of Harlmau Investment are unlikely to receive any dividend in the Immediate future. For despite achieving an 89 per cent.increase In consolidated pre-tax profit to $778,000 for the year ended Dec 31, 1976,281 words
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Latest results
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Article19 1977-06-17 4 Pre-tax loss M 5708,124 (loss $1.30 million) for the year ended Dec 31. 1976.19 words
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Article17 1977-06-17 4 Pre- tax loss M 5479.409 (loss $698,556) for the year ended Dec 31, 1976.17 words
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Article34 1977-06-17 4 Consolidated pre-tax profit of M 54.55 million ($4.38 million) for the year ended Dec 31. 1976. Final dividend 1V» per cent (10 per cent) making total 17Vi per cent (same).34 words
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Article19 1977-06-17 4 Con- solidated pre-tax profit of M 5195.919 (loss of $609,519) for the year ended Dec 31, 1976.19 words
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Article27 1977-06-17 4 Group after-tax profit $1.36 million ($1.27 million) for the year ended Dec 31. 1976. First and final dividend 12 per cent tax exempt (same).27 words
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Article22 1977-06-17 4 Consolidated pre-tax profit Mi 1.21 million ($1.03 million) for year ended Dec 31, 1976. Interim dividend 7tt per cent (12).22 words
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563 1977-06-17 4 FT LONDON, Thurs. South Africa's "other currency," the Securities Rand, has been bid up from Its 1977 low of 04 US cents as high as 77 cents and, after boiling over from the latter level, Is now 74 cents. Based on theFT - 563 words
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Article715 1977-06-17 4 ft—1 Ex Data Total far Total for 0 wvmtm Data payable tbayaar prrri*— year U.O. Land 6% May 23 June 18 0% 6% Geld Coil 7* JuneS June 18 11% 11% O.U.T. 12% June 7 June 20 12% 11% Setroa 12.5% Junefl June 20 12.5% 10% TE Taipiag715 words
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Article613 1977-06-17 4 TRUE to chairman, Mr. Patrick B.L. Coghlan's forecast, Kulim (Malaysia). which succeeded the UK incorporated Kulim Group in November 1975, enjoyed another bumper year in 1976 and indications to-date point to even higher earnings in the current year. Group pre-tax profit rocketted 958 per cent613 words
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Article236 1977-06-17 4 HOTEL Royal incurred another loss for the year ended Dec 31, 1976 but the loss of $304,781 is an improvement over the previous year's loss of $1.31 million. The company has been in the red since the hotel operations started in September 1972. With the latest236 words
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Page 4 Advertisements
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Advertisement1201 1977-06-17 4 A CONTINUED STRENGTHENING OF OUR TRADITIONAL OPERATIONS... Extracts from the 1976 Statement to Stockholders by Mr D.K. Newbigging, Chairman and Senior Managing Director, Jardine, Matheson Co., Ltd. The Annual General Meeting was held on 16th June, 1977. IMPROVED RESULTS Jardines continued to show improved results in 1976 and both earnings1,201 words
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INTERNATIONAL COMPANY NEWS
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Article221 1977-06-17 5 HARTFORD. Conn. Thurs. Norton Simon and the trustee controlling 47 per cent of the common stock of Avis signed a contract this afternoon for the sale of the block of Avis shares to Norton Simon at US$22 per share, a spokesman for Norton Simon said.221 words
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Article91 1977-06-17 5 Reuter PITTSBURGH, Thurs. Kewanee Industries and Gulf Oil said agreement was reached for the merger of Kewanee into Gulf. The merger is expected to take place upon approval by the Kewanee stockholders at a special meeting later this year and the completion of necessaryReuter - 91 words
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671 1977-06-17 5 EUROPEAN COMPANIES Reuter ESSEN, Thurs. Fried Krupp Ombh plans to raise its 528.07 million marks capital probably around end-July, by more than double February's 28.07 million nominal Increase, finance director Mr. Alfred Lukac told the annual press conference. The February rise enabled IranReuter - 671 words
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170 1977-06-17 5 Reuter PARIS, Thurs.- Two major French nationalised banks, Ste Generale and Banque Natlonale de Paris, said they will raise capital by free share issues instead of paying a dividend for 1976. Earlier this month Credit Lyonnals announced free share issue to raise itsReuter - 170 words
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1204 1977-06-17 5 IVAN FALLON - By IVAN FALLON LONDON, Thurs. All the 66.78 million British Petroleum shares, which will be offered for sale by the UK Government tomorrow, are likely to be eagerly snapped up and already there are signs that investors may be looking for more.1,204 words
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Article1410 1977-06-17 5 On June 15 TRADING In options on the Chicago Board Options Exchange came to 106,606 contracts on Wednesday compared with 115,383 contracts on Tuesday. OPTION JLY OCT JAN STOCK Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AUR AUR Avon Avon Avon Bank Am Bank1,410 words
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Article422 1977-06-17 5 ASIAN COMPANIES TOKYO, Thurs. Japanese companies moved strongly upwards In the ranks of world-class corporations in 1976 as reflected In the worth of their equity shares outstanding on world stock exchanges, according to a survey by Nikkei Business Magazine. Since 1972 the bi-weekly has422 words
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Article186 1977-06-17 5 Reuter NEW YORK, Thurs. Sumitomo Chemical chairman Mr. Norlshlge Hasegawa said the company will show "very little profit" tnis year due mainly to the continued depressed petrochemical market. In 1976, Sumitomo's after tax earnings were about US$l2 million, up five per cent from $11 million In 1975Reuter - 186 words
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Article184 1977-06-17 5 UK COMPANIES Reuter BRITISH STEEL chairman Sir Charles Vllllers said he Is confident the US Customs Court will find "no violation of US law or Improper trade practice" In European governments' remission of value-added taxes on steel exports to the US. He commented at a press conferenceReuter - 184 words
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178 1977-06-17 5 Reuter THE cash offer by Generate Occidentale for 25.61 million outstanding ordinary shares and half of the warrants of Cavenham has become unconditional. The companies said acceptances were received for at least 42.4 million ordinary shares (about 83 per cent of these outstanding) plusReuter - 178 words
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Article113 1977-06-17 5 Reuter FODENS said internal accounts for the year ended April 2 1977 Indicate a group pre-tax profit of approximately 11.7 million, subject to confirmation by audit currently In progress, compared with a 1975/76 loss of L'l million. These Improved result* were largely brought about by a progressiveReuter - 113 words
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176 1977-06-17 5 Reuter SYDNEY, Thurs. Hartogen Explorations said Le Nickel (Australia) Exploration h&s requested the company to postpone settlement of the purchase of a New South Wales coal mine stake originally set for June 13. Le Nickel Is acting on behalf of Charbonnages deReuter - 176 words
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Article85 1977-06-17 5 Reuter MELBOURNE. Thurs Australian Consolidated Industries (ACI) said It will make a one-for-four rights Issue of All shares at a 40 cents premium to shareholders registered July 28. The issue will lift ACl's paid capital to $77.06 million from $61.65 million and raise $21.5 million. ACIReuter - 85 words
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Article126 1977-06-17 5 Reuter TOKYO, Thurs- Pennwalt of the US and Japan's Nippon Synthetic Rubber and Nippon Soda have formed a chemical firm here, Japan Thlochemlcal. to produce tertiary dodesyl mercaptan (TDM). Nippon Synthetic said TDM is an emulsion polymerisation modifier used to produce synthetic rubbers. Japan imports allReuter - 126 words
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Page 5 Advertisements
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Advertisement110 1977-06-17 5 me H wCHIN from The United States A bevy of stunning beauties, each with talent that unleashes on you like hissing steam. Put them together and you get the sassiest song V dance show in town. The Love Machine backed by the powerful sounds of their own band all geared110 words
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Advertisement198 1977-06-17 5 Advertising a washing machine in a newspaper read by businessmen? Unorthodox but evidence shows men are often involved in the decision-making process, so we thought it appropriate to say this. Point 1 A washing machine may not be the world's most exciting gift but it's one of the most useful198 words
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Article2164 1977-06-17 6 Gr's Gt'a Nat Day 1977 Last dhr Div y'id P/E Val H«h Low Company Sale +or- C'tt (*M) Big* w SECTION ONE INDUSTRIALS 149 136 Acma 149cd +4 12.0N 1.8 8.0 8.9 4 149 148 139 127 Acma A 139 12.ON 1.8 8.0 6.5 204 174 Alcom2,164 words
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Article1382 1977-06-17 6 810 and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1000 units unless otherwise specified All Time Settlement Contracts are quoted after the word •'Sett." Bid Board1,382 words
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Article1340 1977-06-17 6 BID and offer prices officially listed and business In and reported to the Kuala Lu 71 pur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS Acma (1.41B) CD. A|inwMU (2 15S> Alcam (X.758 1.808).1,340 words
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Article105 1977-06-17 6 STRIKING prices of tbe stock options officially listed on the Stock Exchange of Singapore the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. D.B.S. (Dec 53.60) (0.258). Inchcape (June $2.40) (0.10B) (1) 0.09. (13) 0.10. (Sept $2 40)105 words
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Article148 1977-06-17 6 SINGAPORE UNIT TRUST (M*n&«eri prioa* for June 171 The Commerce 1 98 1.78xd The Saving Fund 0 81 0 96 S pore Prog Fund 0 82 0.87 S pore Security Mind 1.49 1.57 S'pore Invest Fund 1.00 l.OSxd ASIAN UNIT TRUST (Manager*' price* far June 17) Mai Invest148 words
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Article166 1977-06-17 6 B O T 8 1/2% 1981 (100.000) (102 1 «B 103'»S) B O T 7 5/8% 1984 (100.000) (9ftt«B 99 US) DBS Convert* 6 1/2% 1991 (100.000) (98HB 98 7 »S) D B S 8 1/2% 1982 (100.000) 1100 4 »B 101' aS) E 1 B 9% 1982166 words
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Article129 1977-06-17 6 Rep Spore D Mirk 7% 1982 (100.000) (100'«B 101'«S) Rep Spore D Mark 6 1/2% 1983 (100.000) (98 3 «B 99V45) Rep Spore 7 3/4% 1987 (100.000) (99 7 iaß 100' aS) 5 1/4% 15/7/78 (250.000) (101.SOB 101 60S)(4)101.57 4 3/4% 1/5/79 < 250.000) (100.808 100 90S) 5129 words
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Page 6 Advertisements
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Advertisement52 1977-06-17 6 v W I r c v > Amsterdam the perfect connection v" -lr s A\« i iJt 1 > >vV-jaK: Liv. i v9Bg& r ...to all of KU leave Singap for Eur< six tirr a wee All flights leave S for Amsterdam, with immt to U.K., U.S.A., Canad South America,52 words
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Article, Illustration643 1977-06-17 7 PRICES eased across the board in dull trading on the Stock Exchange of Singapore yesterday. The morning session opened on an easier note and this set the pace for the rest of the day. Selling was attributed to a variety of factors including profit-taking, liquidation and contra643 words
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Article410 1977-06-17 7 SELLERS continued to exert a downward pressure on prices on the Kuala Lumpur Stock Exchange yesterday. However the decline, which was especially pronounced in the morning, was partly alleviated by a round of steady trading towards the close. Shares were forced down right from the start under410 words
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INTERNATIONAL STOCK MARKETS
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Article369 1977-06-17 7 HONOKONO: The market closed lower In fairly quiet trading after a dull opening on Thursday, with turnover small on lack of support, dealers said. The Hang Seng Index dropped 3.31 points to close at 438.3* Huiekiita sad Wheelock Marias each lost 2.5 cents to 53.325 and $2.70 respectively, while369 words
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Article458 1977-06-17 7 TOKYO: Prices rose sharply on speculation margin trading controls may be eased, dealers said on Thursday. The Dow Jones average gained 51 62 to close at 4.970.19. with volume 150 million shares. The New index closed at 375.89. up 3 56 Matsushita led electrlcals higher with a 32 yen458 words
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Article462 1977-06-17 7 SYDNEY: The market was generally steady, on Thursday, dealers said. The Sydney All-Ordinaries index rose $.35 point to 456.91. Among industrials. CBB lost three cents to $3.42. but Phmear Sugar rose three cents to $1.80. BHP lost two cents to $8.62, while Comalco finished steady at $3.40. Bank were462 words
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Article188 1977-06-17 7 MANILA: The market was generally slightly higher In moderate trading, dealers said on Thursday. Atlas and Inco led the mining sector, gaining three and five points respectively, following improved metal prices abroad tohlle oil's also rose slightly, and commercials eased. Other gainers Included Acoje Mining, Lepanto B, Marinduque B.188 words
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Article99 1977-06-17 7 JUNE It Alia Fibre Bahtt 175 306 lit too unch 1,T 7.' I|1 MP unch unch Ml ♦18 Berli Jucker 2828 Charoong Thai 1 Wire 1M Dumex Duilt Thanl 2006 unch Faber Merlin Flrat Trust Indo-ThaJ 1808 unch Industrial Finance Corp 1206 J And J Ho 215 -3 Jalaprathan99 words
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Article291 1977-06-17 7 AMSTERDAM: The market closed firmer, but trading remained quiet, dealers said on Wednesday. AKZO rose 1.20 guilders In higher Dutch Internationals. Elsewhere rises were led by Heiaekea, Bijen-Korf and Nationals Nederlandea. Van Ommeren and ABN were among few lower Issues. State loans firmed. JUNE IS FU Ahold 87.80 ♦0.3291 words
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Article159 1977-06-17 7 BRUSSELS: The market was mixed in quiet trading, dealers said on Wednesday. Local issues to rise included Cobepa, Aaturienne, EN. Sito, Electrobel, Wagons-Lit* and GBInao, with Solvay sharply higher for the second day In succession. Societe General®, Cle Lambert, Intercom, Union Miiim, Cockerill, Hoboken, UCB and Clabaeq fell. Golds159 words
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Article283 1977-06-17 7 ZURICH: The market was slightly firmer in more active dealings on Wednesday. Interest centred on Bsahns, which rose in active dealings, with the price of the rights for the forthcoming capital Increase continuing to advance. Wtaiarthw bearer among Insurances and Brawa Beveri, Nestle and Bslsse in leading industrials also283 words
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Article419 1977-06-17 7 JOHANNESBURG: Gold shares firmed towards the close, after an easier trend during the day. reflecting higher bullion indications and overseas demand, dealers said on Wednesday. However, gains were small and ranged from five to ten cents. Financial minings showed losses on the day, in line with the earlier trend419 words
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Article303 1977-06-17 7 TORONTO: The market resumed Its advance after mldsesslon hesitation to close hlßher in moderate trading on Wednesday. The composite Index was up more than 2-1/2 points and advances outpaced declining Issues 240 to 146. Oahawa Group A gained 25 cents to $4.90. The company trimmed its first quarter loss.303 words
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Article167 1977-06-17 7 MILAN: The market closed firmer at the days high's In fairly active trading on Wednesday which dealers attributed largely to lower selling pressure and also a technical reaction from a previous heavily oversold position. Olivetti privileged. Pirelli E.C.. Fiat. Snia Viacoaa and Aaic showed fair gains In firmer Industrials.167 words
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Article447 1977-06-17 7 PARIS: The market was slightly higher on balance helped by the steadiness of the franc and the reduction of call money to 8-15/16 per cent, dealers said on Wednesday. The May unemployment figures, showing a new postwar record Jobless total of 1.096.700 seasonally adjusted, made no apparent Impact on447 words
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Article300 1977-06-17 7 FRANKFURT: Shares closed firmer, market sources said on Wednesday. In higher electrtcals, Siemens rose 2.30 marks while In autos. BMW was up 2.40 and VW 3.50 marks. Banks and stores were also generally higher. The firm trend continued on the bond market, where public authority bonds closed 0.50 marks300 words
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Article1165 1977-06-17 7 NEW YORK: Stock prices flattened after a three —ton advance, doting mixed In active trading on Wednesday. Although stabilising abortterm* interest rates sparked a broad, sharp rally on Tuesday, analysts said the market failed to follow through, triggering some profit taking. Tuesday's advance came on the heels of1,165 words
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Article65 1977-06-17 7 FINANCIAL TIMES INDUSTRIALS Wednesday 450.1 Tuesday 455.4 Week Ago 455.7 DOW JONES AVERAGE INDUSTRIALS Wednesday 917.57 Tuesday 922 57 Week Ago 912 99 LONDON DOLLAR PREMIUM Wednesday 115H to 115% Tuesday 114% to 115'* H.K. HANG SENG Wednesday 441.70 Tuesday 443.65 Week Ago 446.07 SYDNEY INDUSTRIALS Wednesday 374.31 Tuesday65 words
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Advertisement147 1977-06-17 7 IROPE and UK/IRELAND )nnections al and ROYAL DUTCH AIRLINES G2 Mandarin Hotel Arcade. Orchard Road, Singapore 9.Tel: *****1 Hotel Merlin. Jalan Sultan Ismail. Kuala Lumpur. Malaysia. Tel: *****/7/8 From Amsterdam, you can take a connecting flight straight to the airport at or nearest your hometown. By avoiding the inconvenient and147 words
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COMMODITY REPORTS AND PRICES
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Article478 1977-06-17 8 OPENING quotations in the Singapore rubber market yesterday were marked down 1.25 cents following easier London advices after which prices fell further on stoploss selling, dealers said. Towards the morning close however, some shortcovering emerged to check the decline. Trading was active with October/ December478 words
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Article30 1977-06-17 8 Rubber: June 16 Singapore: July 190.00 cU (down 3.50 cU) Malaysia: July 190.75 cts (down 3.50 cts) Tin: $1,427 (down $3) Official offering: 190 tonnes (up 29 tonnes)30 words
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Article334 1977-06-17 8 Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R S.S. prompt f.o.b. 190 50 191.SON 189.50 190 50N Int 1 R S.S. July 190.50 190.75 190.00 190 25 Int. 1 R S.S. August 192 75 193.25 192.25 192.75 Int 2 R.S.S. 188.50 189.50N334 words
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Article94 1977-06-17 8 July August K.A.S. (Cun ■cat Mtk) (Forward Mtk) Buyers ce n i Seller* Buver* Seller* laperkg) (eeati i per kg) SSR20 (1-ton Pallet) 191.00 192.006 192.50 193.50N SSR 50 (1-ton Pallst) 189.00 190 00N 190.50 191.SON M.R.E.L.B. SMR5CV (1-ton Pallet) 215 00 217.00N 216.00 218.OON SMR 5L (1-ton94 words
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Article261 1977-06-17 8 LONDON. Thurs. Terminal cocoa lost mostly £73.50 (near July at £2.942.59) to £12.50 in early dealings, having declined the £40 limit in near September £2,724 soon after the opening. Dealers said the decline was larger than expected based on New York but several bear factors were at work. Long261 words
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Article522 1977-06-17 8 EXTERNAL selling pressure held sway over commodity prices In the Singapore produce market yesterday. There was little trading as the wait-and-see attitude pervaded the scene. Worst hit was the copra and coconut oil markets where losses recorded on actual deals fell by as much as five per cent,522 words
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Article374 1977-06-17 8 LONDON. Thurs. Coffee futures extended yester- day's decline and ended the opening session £157 to £190 per tonne down on last night. Initially losses of over £200 were recorded In the first few minutes of trading. The July position closed £157 lower at £2,215 while Sept lost £190 at374 words
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Article200 1977-06-17 8 THE Straits tin price in Penang yesterday was down $3 to 11,427 on an official offering up 29 tonnes to 190 tonnes. Despite higher London Metal Exchange the market fell on further lack of consumer demand, dealers said. In LONDON yesterday morning, tin advanced by mostly £90200 words
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Article147 1977-06-17 8 LONDON, Thurs Terminal sugar gained C 0.25 (Dec at C 125.25 bid) to C 0.90 at the opening call on sporadic shortcovering support. again largely Induced by recent easiness, dealers said. The London daily whites price was CI down at €127 while raws were unchanged at CI 13. Sugar147 words
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Article84 1977-06-17 8 C.I.r. Rotterdam. US dollars per ton. LONDON: Wri—Jay h«i. Malaysia 5% Ha bulk Aug Sumatra 5* June July Aug Sept No* Dec Jan Nigerian 5* tfa bulk ROTTERDAM Sumatra Jun SOON 620 pd 615 pd 615 805 pd 808 sir 840 sir 825 pd 819 500 pd uncn84 words
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Article210 1977-06-17 8 BANGKOK. Thurs. Indicative prices for rice quoted here were: (US dollar* per tonne fob bull Bangkok). White Rice: 100 per cent Ist class 297 100 per cent 2nd 282 100 per cent 2nd 278 100 per cent 3rd 278 5 per cent 285 10 per cent 240 IS per210 words
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Article277 1977-06-17 8 HONGKONG. Thurs. Cotton futures closed mixed in fairly quiet trading, after an easy opening, dealers said. October and December gained 0.50 and 0.03 US cent respectively, while March and May fell 0.38 cent each and July 0.22 cent. Total turnover fell to 20 lots from yesterday's 77. HONOKONO277 words
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Article218 1977-06-17 8 CHICAGO, Thurs. Soybean futures were up from their lows around midsession yesterday, trading 14Vi cents a bushel lower to two cents higher. The July fell as much as the 30-cent limit before buying appeared in response to advances in other pits. Soybean futures dropped after a midsession rally failed218 words
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Article91 1977-06-17 8 CHICAGO, Thurs. Wheat futures moved upward from early firmness yesterday to show gains of 5% to 4 ft cents a bushel around midsession. Speculative support picked up later on reports of large scale exporter buying of Kansas City futures and gains were extended on commission house stop loss buying.91 words
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Article272 1977-06-17 8 LONDON. Thurs. Copper In the morning rose by £7.50 for cash and C 8 for Three Months. Firmer gold and trends In lead and zinc aided the pre-market where Three Months wlrebars traded upto C 777 before pricing sales pared gains, dealers said. Later, shortcovering against some physical demand,272 words
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Article191 1977-06-17 8 LONDON. Thurs. 811ver rose by 1.3 to 1.5 pence per troy ounce In the morning. Three Months rose from 260.4 pence traded In the early pre-markei to a high In the ring of 264 pence with the bullion dealers fix giving additional support. Sales of 184 lots were mainly191 words
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Article100 1977-06-17 8 LONDON, Thurs. Lead in the morning was £18.50 higher for cash and £16.50 up for Three Months. Three Months traded from £319 in the premarket upto £337 in the ring before profit-taking pared gains slightly on the kerb where last business was done at £335. On Wednesday, lead closed100 words
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Article426 1977-06-17 8 GOLD recovered US$2.OO per ounce on heavy shortcovering and the kilobar opened in Singapore yesterday at SSI 1.130 and was traded down quickly to S$ 11,100. The market turned quiet as dealers adopted a wait-and-see attitude. In the afternoon, the market re-opened a little easier as some light selling426 words
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Article84 1977-06-17 8 LONDON. Thurs. Zinc in the morning rose by mostly Cl 5 for both cash and Three Months. Three Months traded at C 317 in the pre-market upto C 335 in the ring before finishing the kerb at C 330. Ring sales were 4,900 ton- nes. On Wednesday, zinc rose84 words
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MONEY AND EXCHANGES
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Article535 1977-06-17 8 SINGAPORE'S inter-bank local money market yesterday held steady although market dealers expected conditions to ease following the maturity of the government's two-year $90.4 million bond issue. Overnight rates continued to be dealt at the five per cent level, and interest rates for term deposits remained basically unchanged. Overnight money535 words
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Article49 1977-06-17 8 wm acbc 6i« Firat Chicago Algemcnc Bank iH Citibank Tfl Bangkok Bank 7 HSBC (V, «v. Bank of 1>>t 7 Malayan Banking Bask of Tokyo Mitaui Bank Hank Nogira OCBC CH Indoaoaia 7 OUB (V. UCB 7 1 Oiut Manhattan iH UMBC 7 1 DBS UOB49 words
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Article183 1977-06-17 8 Asian rates ASIAN currency deposit Interbank rat»s as at clow on June 16. US Dotla in <8«at) Offer Bid 7 days 5 1/2 S 3/8 1 roth 5 9/18 5 7/18 2 mths S 5/8 S 1/2 3 mths 5 3/4 S 5/8 6 roths 6 1/8 8 0 roths183 words
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Article52 1977-06-17 8 AUSTRALIA/NZ exchanges on June 16 Auatralla: Sterling 0 MSS/OMIS US dollar 1.1113/1.1M7 Ninety-day air mall buylnf rate*: Sterling 0 MM US dollars 1.138# Ninety-day forward buying rates: Sterling 0.6493 US dollars 1.1006 New Zealand Sterling 0.5611/0 5580 US doUar 0 9096/0 8506 Ninety-day forward rate: Sterling 0.9828 US doUar52 words
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Article107 1977-06-17 8 Euro rates LONDON, Thurs. Eurodollar deposits firmed slightly In quiet trading, dealers said. Periods gained from 5/16 to 1/16 in routine business and Ught rollover activity. Dealers said actual business was done in the middle of quoted ranges. Shortdates held steady but overnight regained 1/16 tost at the opening and107 words
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Article246 1977-06-17 8 LONDON. Thurs. The guilder eased in early trading here with market participants unwinding long guilder positions, dealers said. Elsewhere, currencies traded quietly ahead of tomorrow's market holiday in West German v. The yen held steady around its overnight level in normal business after news Japan's trade surplus fell to246 words
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Article145 1977-06-17 8 NEW YORK, Thurs. The dollar yesterday closed weaker against most major currencies despite a late rally on news of a 1.1 per cent rise in industrial production in May, dealers said. The yen recovered early losses to close at 0.3671/73 cents in fairly active trading, up from the145 words
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Article155 1977-06-17 8 HONGKONG. Thurs. The yen firmed to 272.10/25 against the US dollar from 272.55 midpoint equivalent at the New York close. In volatile and fairly active trading which saw it rise to 271.95 at one stage but fell back on profit-taking, dealers said. Sterling eased in fairly quiet trading to155 words
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Article130 1977-06-17 8 TOKYO. Thurs. The US dollar for overnight delivery weakened In brisk trading to close at 272.40 yen. down from 272.55 at the opening and 273.35 at yesterday's close, dealers said. After an initial decline reflecting strength in the yen abroad, the US unit fell to 271.80 at one stage130 words
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Article46 1977-06-17 8 ZURICH exchanges closing quotes on June IS US 2.4897-4904 UK 4.2827-2840 Can 2.3588-3600 W Oerm 106 70-76 Neth 100 53-50 Prance 50 )9-40 Be If 6.903/4-911/4 Denm 41.30-21 Norw 47 .23-29 Swed 96.33-36 Italy 0.2814-2815 Austria 14.86-87 Port 6.44-45 Bpain 3.991/2-60 Arg 0.66-70 Japan 0.9116-912146 words
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Article38 1977-06-17 8 FRANKFURT exchanges opening quotes on June 16 US 2 3660/60 Can 2 2275/95 UK 4.949/055 Neth 94 .95/95 05 Swlts 94.93/63 Italy 2.069/666 Prance 47.80/70 Norw 44.64/72 Betg com 6 928/538 Beig fin 6.93/59 Japan 0 8646/5638 words
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Article300 1977-06-17 8 LONDON. Thurs. Straight dollar Eurobonds were up to K per cent easier, dealers said. Convertible dollar Eurobonds were franrt.lonally easier In quiet trading. LONDON Eurobond prices on June 16 Straight* BM Oftsr Austria 8ft 90 101% 102ft Bell Canada 8* M 10S 105% BFCE 8ft 83 101ft 102ft300 words
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Page 8 Advertisements
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Advertisement277 1977-06-17 8 Mirrlees Blackstone Limited A highly successful British engineering organisation involved in the design development and manufacture of large marine and industrial diesel engines. Our high technology, innovative design and reputation for high quality reliable power units has placed us in a position to take maximum advantage of the potential market.277 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration235 1977-06-17 9 THE OIL-RIO market in South-east Asia has picked up slightly In the last three or four months, according to Mr. John H. Morris, the new general manager of Far East-Levlngston Shipbuilding. "This may be due in part," he said, "to the easing of restrictions on235 words
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Article118 1977-06-17 9 AP LONDON, Thurs. Cunard Steamship has announced it will purchase one of Britain's leading independent air cargo operators, Transmeridian, in a multl million-dollar deal. Transmeridian has a fleet of 10 aircraft which carries cargo on numerous international routes, principally to Nigeria, the Arabian Oulf and theAP - 118 words
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200 1977-06-17 9 WASHINGTON, Thurs. In an effort to thwart* development of a Japanese-; planned superport In the' Palau Islands to tranship oil, a group of environmental organisations has asked that a substantial portion of the Islands' coastal waters be designated a marine sanctuary. In200 words
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Article457 1977-06-17 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES American Mail (after Capricorn) 47 Base a (1500) (Class I on Board) 27/28 Bucuresti (1300 after Capricorn) 46 Cherry Vilja (B. Barge) (1930 tbc) 48 Fujitsuki Maru (JHNY) (Tanker) (after Recife Maru) (Subject Gas Free) (P/O) 15/16 King River (0600 after Toyofuji Maru)457 words
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Article484 1977-06-17 9 ARRIVALS Service I<oral Operator Number Time From KAL KE807 0015 SEL CAL CI 331 0040 TPE/HKG/KUL MAS MH682 0810 KCH PAA PA847 0810 SFO/HNL/GUM SIA SQ211 1015 HLP GIA GA980 1030 HLP OIA GA908 1100 MES PAL PR501 1115 MNL SIA SQ240 1140 MES RBA BI 22§1484 words
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Article427 1977-06-17 9 TERESA LIM - By TERESA LIM ONE local shipping company which has managed to make some kind of headway into the restricted Indonesian trades Is Southwlnd Shipping, which operates ships to the West Irian. The special provision for operation to the West Irian was actually given to the427 words
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118 1977-06-17 9 AFP LONDON. Thurs. Laker Airways announced yesterday that its no-frills Skytraln service between London and New York will begin on Sept 26. Announcing the starting date. Laker Airways boss Freddie Laker complained about the conditions laid down by the US authorities. He saidAFP - 118 words
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180 1977-06-17 9 AP ST. GEORGE S, (Grenada). Thurs. Panama's foreign minister said negotiations for a new Panama Canal treaty have entered a "decisive phase." and US Secretary of State, Cyrus Vance, expressed hope for an agreement by the end of summer. Panamanian Foreign Minister. Nicoas GonzalezAP - 180 words
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Article436 1977-06-17 9 SEVEN out of 10 leisure passengers fly on member airlines of the International Air Transport Association (lata). For this reason, lata Is committed to tourism and Is working closely with the World Transport Organisation. Such co-operation would, hopefully, result In Joint planning and development by436 words
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Article217 1977-06-17 9 UPI LONDON. Thurs. Recent softening of the US Gulf f?raln rate tone was underlined yesterday when a large bulker accepted US 60 cents less for a June-July 75,000-ton shipment to Holland. This business involved the figure of $4 (FIO) against $4.60 previously paid two weeks ago. OverallUPI - 217 words
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Page 9 Advertisements
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Advertisement199 1977-06-17 9 How well doyou know your Australian Birds? The Qantastic 'One stop toLondon'bird Every Monday,Tuesday,Thursday, Saturday at94spm 4 fi £!l k V m I# V <Jk m i «f<!> o r 1 4 V >y mm V 7/ 1 A V A 9 ~v s« Another Australian bird noted as an199 words
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949 1977-06-17 10 ADRIAN DICKS - WEST German trade unionists are accustomed to sharing responsibility with management to a much greater degree than in most other Western countries. But there is misgiving among both unionists and managers about a new law aimed at further extending industrial democracy in the country'sFT - 949 words
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Article, Illustration1193 1977-06-17 10 KEVIN RAFFERTY - SAVINGS alone from Pakistanis working abroad are estimated to be adding US$5OO million a year (almost half the total value of the country's snnual exports) to Pakistan's foreign exchange earnings. By KEVIN RAFFERTY EARLY IN the morning you can see them blocking the entrance to airline1,193 words
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Article, Illustration1192 1977-06-17 10 K K SHARMA - The Indian economy THE country's industrial performance has been good enough for an export boom to have become possible. The economy is, to use a cliche voided for more than two decades, "poised for growth." However By K K SHARMA FT THE JANATA Party Government duringFT - 1,192 words
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Page 10 Advertisements
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Advertisement150 1977-06-17 10 Grow with Scotiabank: Wfe have offices in over 40 countries. Ourtotal assets: $1&2 billions. m mm M The Growth Bank: We have over 1,000 offices and branches worldwide and in the past four years alone, have opened in 13 different countries. We're strong and we're growing where you want to150 words
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Article, Illustration580 1977-06-17 11 UPI KUALA LUMPUR, Thurs. Malaysian Minister of Primary Industries Datuk Musa Hitam has released an "aide memolre" outlining Malaysia's position on its palm oil industry and the "continuing efforts of the US soybean and cottonseed industries to restrict the import andUPI - 580 words
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Article169 1977-06-17 11 Reuter TOKYO, Thurs. Talks between Japan and the French designers of Japan's Tokai village nuclear reprocessing plant have been settled. paving the way for a survey of the plant by a US team. Government sources said today. The sources said the Japanese Government hadReuter - 169 words
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185 1977-06-17 11 Reuter TOKYO. Thurs Japan's aluminium smelting industry has urged the government to supply 60 billion yen (Sss billion) lowinterest loans to freeze surplus refining facilities to help tide it over the current slump, an industry spokesman said. With a heavy inflow ofReuter - 185 words
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Article82 1977-06-17 11 Renter TOKYO. Thurs. Two Japanese firms have won a 180 billion yen (SSI.6 billion) Nigerian contract to build a refinery to handle 100.000 barrels of crude oil a day. industry sources said. The sources said the firms are Chiyoda Chemical Engineering and Construction and C.Renter - 82 words
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Article76 1977-06-17 11 AFP KUWAIT, Thurs. Kuwait has lent Malaysia 2.3 million dinars (about 5517.2 million) to finance a palm oil production unit, it was learned here yesterday. Repayable In 23 years, with a seven-years grace period, the loan carries Interest of 4.5 per cent. The agreement was concluded byAFP - 76 words
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350 1977-06-17 11 AFP Reuter BANGKOK. Thurs. Thai Board of Trade executive secretary Thapana Bunnag said the board had set a preliminary target of US$75O million (551,845 million) for exports to Japan this year. In 1976, Thailand's exports to Japan were $725 million. Thai exporters andAFP; Reuter - 350 words
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Article177 1977-06-17 11 Reuter TOKYO, Thurs. Japan's economic recovery will accelerate later this year stimulated by increased personal consumption and private capital spending on plant and equipment, Mr. Tadashi Kuranari, directorgeneral of the Economic Planning Agency said. He told a press conference recent economic indicators show clearly the economyReuter - 177 words
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Article100 1977-06-17 11 EXPO Kuwait '77 will be held at Kuwait Hilton from Oct 9 to 12. This is the second International trade/ technology/ products/ services exhibition for the Arabian Gulf region which has a US$lBO billion (***** billion) export market potential. Organised by the expo division of Patents100 words
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Article93 1977-06-17 11 Reuter MANILA. Thurs. Philippine exports in May rose to U*****.4 million (***** million) from $197.82 million In May 1976, the Central Bank said. Philippine exports for the first five months of 1977 totalled $1.08 billion, $237.68 million higher than in the same period last year, it said.Reuter - 93 words
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Article91 1977-06-17 11 Reuter HONGKONG, Thurs. (Comments in a recent US agricultural report that China Informed all Interested traders it would not accept US origin soyabean oil are no longer true, a senior official of the agricultural office of the US Consulate General here said. He said the commentsReuter - 91 words
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Article185 1977-06-17 11 Reuter TOKYO, Thurs. A Japanese Government team left here today for Hanoi to negotiate settlement of a 15.500 million yen f***** million) debt to Japan left bv the ousted Saigon Government two years ago, a government official said. The team, led by Tadashi Ohtaka of the ForeignReuter - 185 words
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Article176 1977-06-17 11 AFP ROME, Thurs The Italian Government has blocked imports of largecylinder Japanese motorcycles for six months—the latest move in what has become known here as the "motorbike war." Earlier this year, Italy clamped curbs on imports of small-cylinder motorcycles. Observers here feel the message toAFP - 176 words
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Article116 1977-06-17 11 Reuter TOKYO, Thurs. Negotiations for US$5O million (SSI23 million) seven-year loan to Indonesia are going on between the Indonesian Government and an international banking consortium. the Bank of Tokyo said as lead manger. But the bank said, it is too early to predict thatReuter - 116 words
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146 1977-06-17 11 AFP TOKYO. Thurs. Prime Minister Takeo Fukuda said today Japan is ready to begin negotiations with the Soviet Union on the Kremlin-proposed bilateral friendship treaty If it clarifies the territorial Issue over the long-disputed northern island. Mr. Fukuda. however, told newsmen that theAFP - 146 words
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Article209 1977-06-17 11 AFP MELBOURNE Thurs The Presbyterian church will pressure Australian companies operating in the Philippines to oppose alleged human rights violations under the Marcos government. The Australian Presbyterian church's national justice department says it is preparing to door-knock more than 40 major Australian companies to enlistAFP - 209 words
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156 1977-06-17 11 Reuter AMMAN. Thurs. Saudi Arabia has awarded two contracts worth more than 500 million rlyals (***** million) to Pakistani and Indian companies, Riyadh Radio reported. A 245-milllon rlyal contract has been awarded to the Pakistani Power and Constructions Company for the electrification of AlKharj area,Reuter - 156 words
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Article246 1977-06-17 11 ROLLEI's range of photographic equipment will be augmented by the addition of a line of American electronic flash and darkroom equipment following its takeover next month of the photo division of Honeywell Inc. Mr. Peter Peperzak, chief executive of the Rollel group, said yesterday246 words
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Article191 1977-06-17 11 AP SEOUL, Thurs. Hyundai Shipbuilding and Heavy Industries today declined comment but local sources confirmed a Japanese report that Nigeria has decided to order 11 cargo ships from the South Korean shipbuilder. Hyundai took part In an international bidding which Nigeria held last OctoberAP - 191 words
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Article129 1977-06-17 11 ROBERT Bosch South East Asia of Singapore has introduced a new range of Bauer movie equipment for home entertainment. The distributors of equipment manufactured by the Bosch Group of West Germany unveiled over the weekend the latest series of computerised cameras for silent film making, direct129 words
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182 1977-06-17 11 AFP LUXEMBOURG, Thurs. France and its eight partners in the European Economic Community differed today over EEC commission proposals calling for the establishment of a multi-annual EEC programme for aid to developing nations not associated with the Community. British sources said France at theAFP - 182 words
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Article112 1977-06-17 11 MR. Amadou Mahtar M'Bow, director general of Unesco. arrives in Singapore today for a two-day visit. He will call on the President and Mrs. Sheares. the acting Minister for Foreign Affairs. Mr. Lee Khoon Choy. and the Minister for Home Affairs and Education. Mr.112 words
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580 1977-06-17 11 AP SYDNEY, Thurs. Australian uranium companies and opponents of uranium mining will be closely watching Australian Prime Minister Malcolm Fraser's visit to Washington next week for signs that he has made up his mind on the nation's uranium policy. For theAP - 580 words
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Article114 1977-06-17 11 TENANTS of Singapore's new Handicraft Centre are hit by poor business and high overheads. The reasons for poor performance range from negligible traffic flow to the fact that tourist guides prefer to take tour groups elsewhere to do their shopping. To date there are 30114 words
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171 1977-06-17 11 ASIA Commercial Banking Corporation has filed two suits to recover a total of more than $760,000 from two parties being money allegedly due and owing to the bank. The first suit is against Kim Kok Credit (Pte) Ltd. and is for $439,656. The second171 words
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Article42 1977-06-17 11 Reuter HONGKONG. Thurs. Trade between Taiwan and the US is expected to rise by 8 per cent to over US$5 billion <5512.3 billion) this year, trade sources said yesterday, according to the Central News Agency monitored here. Reuter.Reuter - 42 words
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Page 11 Advertisements
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Advertisement238 1977-06-17 11 APPOINTMENTS MULTINATIONAL COMMERCIAL BANK with extensive branch network located in HONG KONG requires individual capable of assuming position of Assistant General Manager, reporting to General Manager, and responsible for OPERATIONS AND ADMINISTRATION Candidates' background should include: Stable and successful employment record with US/European Bonking Industry Thorough knowledge of classical banking238 words
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Article132 1977-06-17 12 THE Imports and Exports Office of the Trade Department has taken further steps to facilitate trade. Its airport office will open half an hour earlier each day. Import licensing for certain products from Japan will now no longer be required. it added. Products included fabrics,132 words
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Article76 1977-06-17 12 JAKARTA, Thurs. President Suharto will visit Thailand in early August prior to the ASEAN summit to be held In Kuala Lumpur, visiting Thai Foreign Minister Upadit Pacharlyangkun said today. He said he had also conveyed a message from Thailand's Prime Minister Thanin Kraivlchien to President Suharto during76 words
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Article796 1977-06-17 12 LONDON. Thurs. The stock market closed lower with the UK trade figures for May announced at the close having litt'.e impact on sentiment, dealers said. At 3.00 pm the Financial Times index was down 6.7 to 443.4. The lower trend reflected political and economic uncertainties Government bonds suffered796 words
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178 1977-06-17 12 PITTSBURGH, Thurs. Gulf Oil and two of Its executives have been Indicted for allegedly providing travel junkets to a US Internal Revenue Service (IRS) supervisor who audited the oil firm's tax accounts. The nine-count indictment handed down yesterday named the corporation, Mr. Fred178 words
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Article32 1977-06-17 12 GOODWOOD Park Hotel will hold a roof-topping ceremony for Its 75-year-old tower wing on Monday. The new roof will be placed on an eight-metre high pinnacle constructed atop the wing.32 words
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Article, Illustration568 1977-06-17 12 THE Singapore Institute of Standards and Industrial Research (Sisir) is mapping out a programme to ascertain the needs of the larger Industries for local sources of parts and services. It Is also trying to identify and assist suitable small Industries to produce these parts.568 words
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Article372 1977-06-17 12 AFP HONGKONG. Thurs. A sharp rise in China's oil exports is predicted by China trade analyst Jayson Mugar of the Union Bank of California. He said here that China's oil production should reach 135 million tonnes by 1980 and that exports would Increase from lastAFP - 372 words
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Article31 1977-06-17 12 AFP JAKARTA, Thurs. Kuwait has agreed In principle to finance construction of an oil refinery on Batam Island Just south of Singapore. Mining Minister Mohammed Sadll announced today. AFP.AFP - 31 words
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203 1977-06-17 12 LARGER DEPOSITS OF PETRO PLACED IN WEST Reuter LONDON. Thurs. The oil exporting countries deposited larger amounts of their surplus funds in the UK and the US in the first quarter of this year than they did In the last three months of 1976, Bank of England statistics show. TheReuter - 203 words
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Article80 1977-06-17 12 AFP ROME. Thurs. Saipem. part of the ENI group, today announced a US$49 million (Ssl2l million) deal for providing a natural gas distribution network In Iran. The total length of the network will be around 160 km and It will be in the north-east of Iran nearAFP - 80 words
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264 1977-06-17 12 AFP DENPASAR Thurs. Indonesian Information Minister Saleh Mashuri asked Asean news media experts meeting here today for a three-day seminar to formulate a news media policy needed in support of the regional development programme. Mr. Mashuri stressed the non-existence of absolute freedom andAFP - 264 words
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168 1977-06-17 12 AFP MELBOURNE. Thurs. Some Jewellery sold at the Asian trade fair here two weeks ago as 18 carat gold has been found to contain only four carats, a leading Australian Jewellery manufacturer. Mr. Stuart Ferguson. said today. He had bought the rings atAFP - 168 words
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Article62 1977-06-17 12 AFP MEXICO CITY. Thurs. Deposits of methane gas have been discovered in the lower Catifornian desert In this country. Petroleos Mexicanos (Pemex), the national oil company, announced here yesterday. The first drillings indicated that one of the wells could produce 24,409 cubic metres of methane per day,AFP - 62 words
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Article111 1977-06-17 12 NO NEW medicine will be allowed to be introduced into the Singapore market from next Friday unless It Is licensed by the Ministry of Health. All products which have been in the market before June 24 will be temporarily exempted. Products which were Introduced before June 24. 1975111 words
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Article22 1977-06-17 12 UPI MOSCOW. Thurs. Communist Party General Secretary Leonid Brezhnev yesterday was unanimously elected the new president of the Soviet Union. UPIUPI - 22 words
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240 1977-06-17 12 ONE of Singapore's top woman civil servants, Mrs. Elixsibeth Sam, has been appointed chief general manager of the Monetary Authority of Singapore. This promotion officially makes her the No. 2 executive in the MAS management, headed by Mr. Michael Wong Pakshong, the managing240 words
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Article55 1977-06-17 12 AP ROME. Thurs. A 24-hour strike by cabin crew personnel grounded almost all domestic and International flights of Italy's Alitalia Airlines today at Rome's Leonardo da Vlncl International Airport. The stoppage was cabled by unions after three months of negotiations on several Issues, including higher pay for extraAP - 55 words
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338 1977-06-17 12 KUALA LUMPUR. Thurs. All customs and excise duties In Peninsular Malaysia and Sabah and Sarawak will be harmonised from July 1, the Finance Minister Tengku Razaleigh Hamzah announced today. This means that goods already in Malaysia, whether they are of local or foreign338 words
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Article61 1977-06-17 12 SYDNEY. Thurs. The Reserve Bank said It will lower the statutory reserve deposit ratio (SRD) of Australian trading banks to 9 per cent from 10 per cent on June 20 to smooth the seasonal run-down In bank liquidity due to tax payments. The bank said the cut61 words
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Article156 1977-06-17 12 THE Federation of Asean Shippers' Councils (FASC) Is expected to submit to the Indonesian and Philippine economic ministers a set of proposals on ways Asean governments can help regional shippers beat the Far Eastern Freight Conference's 12.5 per cent increase In freight rates. It is156 words
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