The Business Times, 25 June 1977

Microfilm: NL9307
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, JUNE 25, 1977 50 CENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon Firm commitments
      87 1 AFP PARIS, Frl. The International Monetary Fund has so far secured firm commitments totalling 7,000 million Special Drawing Eights (SDRs) or Just over US$B,OOO million (8520,000 million) for its proposed new facility for Daiance of payments support, IMF managing director Mr. Johannes Wltteveen said today. Addressing a ministerial
      AFP  -  87 words
    • Article
      Lock icon New banks welcome
      72 1 AP BEIRUT, Frl. Lebanon has decided to allow new banks to be established In the country for the first time In 10 years, Finance Minister Farld Raphael said today. "A relevant law will be promulgated soon, now that the 10-year moratorium on new bank licences has expired,"
      AP  -  72 words
    • Article
      Project study team
      55 1 KUALA LUMPUR, Frl. A top-level Japanese economic mission will arrive here on Monday to identify areas and development projects for cooperation. The First Secretary of the Japanese Embassy here, Mr. M. Sadachl, said today the mission would examine Third Malaysia Plan projects In particular, for which Japanese
      55 words
    • Article
      Lock icon W. European Parliament
      56 1 AFP LONDON, Frl. Britain today took the first step toward election by universal suffrage to a West European Parliament when the government Introduced a bill to that effect In the House of Commons. The bill provides for election by proportional representation, as called for by the Labour
      AFP  -  56 words
    • Article
      Lock icon Pope warns Lefebvre
      65 1 AFP VATICAN CITY, Frl. The final showdown between the Vatican and former Archbishop Marcel Lefebvre appeared close today as Pope Paul VI threatened to excommunicate the rebel ecclesiastic. The Pope warned the Rt-Rev. Lefebvre that he will be excommunicated if he goes ahead with his plan to
      AFP  -  65 words
    • Article
      Lock icon Tough call by OAU
      41 1 AP LIBREVILLE, Frl. The Secretary General of the Organisation of African Unity (OAU) urged African states today to set up a Joint military Intervention force to protect the black-ruled states of southern Africa against "Rhodeslan aggression." AP
      AP  -  41 words
    • Article
      Lock icon Dow Jones
      68 1 UPI NEW YORK, Fri. The possibility of a rise In Interest rates laid aside for the moment, prices moved higher during the first hour today In heavy trading of New York Stock Exchange Issues. The Dow Jones Industrial average was ahead 3.14 points to 928.51 shortly before the
      UPI  -  68 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      178 1 MOST shares closed narrowly mixed in quiet, dull trading on the Stock Exchange of Singapore yesterday. Some nervous selling and liquidation by weak holders mixed with selective support across the board. At the close, the Business Times industrial index rose 1.57 points to 314.68 and the Straits
      178 words
    • Article
      In Kuala Lumpur
      120 1 Rises Most active Pacific Dev 396.000 Hitam Tin 10 00 .60 C. Securities 390.000 PMC. 2.94 .16 Bandar Raya 371,000 P.M.R.I. 2.40 .15 fi l.umhar 219 000 Wearnes A. Amal M Rice Set Dredging B Raya Pacific Dev. T. Cement Kempas Utd. Mai Oriental Pan Electric Y.M
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  • Article, Illustration
    SBS: The cost of better services
    745 1  -  PROFIT FALLS TO $3.3 MILLION »r JOHN TAN THE Singapore Bus Service made a pre-tax profit of only $3.3 million last yeas, 40 per cent lower than In the previous year. Shareholders can, however, still draw some relief from the fact that this represents
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  • Article
    TOURISTS FROM INDONESIA TOP THE LIST
    128 1 THERE were 131,900 tour lata arriving in Singapore by air and sea in April, or 13.6 per cent more than the same month last year. The Indonesians (20.792), the Australians (15.505) and the Japanese (12.487), topped the list of visitors. They were followed by
    128 words
  • Article
    SMA sets out to do more for industry
    681 1 A NEW role which the Singapore Manufacturers' Association (SMA) will undertake for local industry is the identifying of projects for further divestment and the encouragement of further 1 product diversification. This, said Mr. Michael Yeo, the association's new chairman, is one of
    681 words
  • Article
    Topics for debate at Asean meeting
    358 1 TRADE, communications, Industry and finance are topics which are expected to feature prominently in the forthcoming Asean Economic Ministers meeting to be held at the Singapore Hilton Hotel from June 27 to 29. Tentative list of delegates received by the embassies of the countries
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  • Article
    Lock icon PRESSURE ON TWO
    222 1 Reuter PARIS, Frl. West Germany and Japan came under pressure at an International meeting of finance ministers here today to run substantial payments deficits to help weaker countries balance their accounts and reduce unemployment. The warning came from the United States They expressed concern that West Germany
    Reuter  -  222 words
  • Article
    Haw Par garners another 23,000 shares
    284 1 HAW PAR Brother* International reported yesterday that its extended offer to buy back the Haw Par London convertible redeemable guaranteed preference shares (which lapsed on Thursday) has menaced to garner acceptances from holders of another 23,000 shares. This brings the total number of acceptances
    284 words
  • Article
    Lock icon Whale quota slashed
    38 1 Reuter CANBERRA, Fri. The International Whaling Commission cut the quota for whale kills in the 1977-78 season to 17,839 from 27,850, the commission said in its final communique aftef its five-day annual meeting here. Reuter
    Reuter  -  38 words
  • Article
    Uniform tax rate for certain properties
    455 1 THE Inland Revenue Department has announced a uniform 23 per cent property tax rate for certain types of owner-occupied residential properties effective from July 1 this year. In a brief statement yesterday, the department said this is In keeping with the policy of encouraging
    455 words
  • Article
    Sumitomo project progress report?
    166 1 A PROGRESS .report on Singapore's negotiations with Japan for the $2 billion petrochemical complex on Pulau Ayer Merbau, is expected to be given by the Prime Minister, Mr. Lee Kuan Yew in Parliament when it msets on Wednesday. Indications are that Mr. Lee will tell the
    166 words
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      Page 1 Advertisements Column 1
      26 1 -r \-iur Hi SfU'i h-J "t ui A t y quiurt Ji *< il> r\ I t >:t C rjturiiinship «5»l CeyieriJeweuers m fiiii—¥>ii A. Tal: *****6/*****1 >~!)'\^{+$@~;))`-=<'./</"!-$\{"
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    • Advertisement
      Page 1 Advertisements Column 2
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      101 words
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      Page 1 Advertisements Column 3
      391 1 THE PERFECT INVESTMENT 3008-4 Maker of theWbrkfs first calculator watch This fantastic Pulsar heralds a whole new generation of Time Computers it puts a highly sophisticated calculator on your wrist as well. The Time Computer goes on working accurately without being affected in any way while you're using the calculator.
      391 words
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  • MARKET REVIEWS
    • Article
      KUALA LUMPUR
      427 2 MIXED sentiment ruled on the Kuala Lumpur Stock Exchange this week as both speculators and Investors tried to make some head* way in the somewhat muddled conditions that had developed in the aftermath of the recent bullish runs. The market opened on a weak note and thereafter was
      427 words
    • Article
      Company news for the week ended June 24
      303 2 Conipftod fry OTHER ANNOUNCEMENTS Central Securities (Holdings) wholly-owned subsidiary, Central Oil Palms Is to sell its entire fixed assets comprising oil palm estates In Gadong, Batu Untong dan Jugra totalling 1.330.28 hectares together with the palm oil processing mill and buildings thereon
      303 words
    • Article
      Week sees few new highs
      659 2 SINGAPORE TRADING on the Stock Exchange of Singapore this week was still characterised by wild price fluctuations among the second and third liners. Blue chips held generally steady for the better part of the week. Quite a number of new highs were established among the
      659 words
    • Article
      BP shares for sale offer steals show from the rest
      528 2  -  LONDON By IVAN FALLON ALL THIS week the London stock market has languished in the shadow of BP which a week after the announcement of the Bank of England's massive £564 million offer for sale still dominates the scene. Markings
      528 words
    • Article
      Eastern buyers for Tronoh
      274 2 THE NEWS in the tin sector on Thursday was the emergence of a major buyer from the East (which essentially In this context means Malaysia) for Tronoh. Brokers in London reported an order for some 250,000 shares, most of which are coming from the London market
      274 words
    • Article
      Charter comes into the cold
      306 2 CHARTER consolidated, the London-baaed arm of the South African Oppenhelmer empire, has not been a happy ship In the past few years. In fact, there was a time when mining analysts had to give up counting the disasters it has been connected with they ran
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    • Article
      Lots of fun at HK rubber
      180 2 MONDAY'S annual meeting of Hongkong (Selangor) rubber was, as we predicted last week, an unusual event for that normally quiet company. Jim Phillips and friends predictably raised the question of the leases which Hongkong Tin (where Straits Trading has a 28.8 per cent stake)
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    • Article
      SYDNEY
      546 2 WITH the end of the accounting year drawing near, the market was distorted by tax loss selling and booksquarlng but nevertheless managed to finish on a firm note with background developments for energy helping to lift some mining stocks. The weaker market for base metals on the London and
      546 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      71 2 Copies Sold 24,000 23,000 22,000 21,000 20,000 19,000 18,000 17,000 16,000 15,000 CLIMB WITH US No, this is not a graphic study of the Himalayan mountains. It is a twelvemonth study graph of Fanfare's almost-meteoric rise in circulation in Singapore alone. A 6,820 increase in the last three months (six
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      357 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on June 24 at Singapore airport. Maximum Temperature 31.8° C Associated Humidity 69 Minimum Temperature 25.8° C Associated Humidity 96 Hours of Sunshine 9.50 Rainfall in Millimetres Nil Total Rainfall for the Month 199.8 Total Rainy Days for the
      357 words
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  • OVERSEAS
    • Article
      Lock icon Hanover Trust says no cut in prime
      307 3 Reuter NEW YORK, Fri Manufacturers Hanover Trust Co is not considering cutting its prime rate below the present 6V« per cent under current conditions, chairman Gabriel Hauge told Reuter in a telephone interview. Mr Hauge said although loan demand is still sluggish, prime
      Reuter  -  307 words
    • Article
      Lock icon Lance sees inflation rate on the retreat
      349 3 Reuter WASHINGTON, Fri. The United States Budget Director Bert Lance said the US inflation rate is declining, and there should be no major pass-through effects on wages and prices from the Inflationary surge in the early months of the year. Mr. Lance told
      Reuter  -  349 words
    • Article
      Lock icon Coffee board slates French advert ban
      474 3 AP LONDON, Fri. The management board of the International Coffee Organisation's (ICO) world coffee promotion fund met In London yesterday and passed a resolution deploring the French Government's request to its coffee trade to cease television advertising for three months. The fund's management board,
      AP  -  474 words
    • Article
      Eurobond issues
      115 3 LUXEMBOURG, Frl. A record 175 eurobonds were Issued In the first half of this year worth an equivalent US$B.lB billion (5520.1 billion), up from 153 Issues worth $6.14 billion In the first half of 1976, Kredietbank Sa Luxembourgeolse said. The dollar remained the most used currency with 66.7
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    • Article
      Lock icon Cornfeld to go on trial
      111 3 Reuter GENEVA, Fri. A court here yesterday sent American financier Bernard Cornfeld for trial on charges of fraud in a US$3O million (Ss74 million) sale of shares in his former mutual funds empire, Investors Overseas Services (IOS). The court delivered its judgement at a special
      Reuter  -  111 words
    • Article
      Lock icon Excluding US, growth in OECD may hit a low
      793 3 Reuter PARIS, Fri. Growth in the OECD area excluding the US could fall as low as 3 per cent this year according to provisional OECD secretariat forecasts, informed sources said. v The overall OECD figure remains at an estimated 4 per
      Reuter  -  793 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      470 3 i--1 w 4 ,/"1 r* •v. P > 1 m #-i s? k. A X Bt r> test drive the experience brilliant engineering... fa v t\4..v' r M H Pi v- <•* ■*>■ /A ••v r 1 n 4c '"5-« f f IVI J a On the road with (PARF)
      470 words
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  • COMPANY NEWS
    • Article
      Acma confident of an even better second half
      691 4 ACMA Electrical Industries* latest report and accounts look promising enough to suggest that the company is back on the growth path. For the year ended Dec 31,1976, It turned In a five per cent increase in group pre-tax profit to $2.38 million.
      691 words
    • Article
      Petaling Tin enjoys profit increase
      317 4 FOR the first six months ended April 30. 1977 Petaling Tin reported a group pre-tax profit of M 52.02 million, up 76 per cent from Si. 15 million previously. However, the company has come to the end of its period of low tax charge, which
      317 words
    • COMPANY MEETINGS
    • Article
      PEOPLE IN BUSINESS
      96 4 THE Continental group of companies of the USA has announced the appointment of Mr. Richard Yeo as Srincipal officer of the ingapore branch, of its wholly owned subsidiary. Firemen's Insurance Company of Newark. New Jersey. Mr. Yeo is also concurrently regional manager for the Far East of
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    • Article
      TIN OUTPUT May 1977
      178 4 Aok&m Tonnes 180.22 Austral 129.72 Ayer Hlt&m "An 229.15 Berjuntal 382.58 Oopeng Consolidated 152.40 Idrls Hydraulic Tin 28.85 Jack Chla Mining 7.92 Kamuntlng Tin 44.57 Kllltnghall 53 76 Klnta Kellas Tin 48 38 Kramat 46 69 Kuala Kampar 35 32 Lower Perak 25 70 Malayan Tin
      178 words
    • Article
      Further setback at Bukit Sembawang
      402 4 IN A generally depressed property market In Slnga-. pore, Bukit Sembawang Estates suffered a further drop of 28.7 per cent In group pre-tax profit to $4.72 million for the year ended March 31. 1977. However, practically all the group earnings were derived from sources other
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    • Article
      DIVIDENDS ANNOUNCED
      661 4 Current E» DtU Total for Total for paynoat Data payable tkeyaar previous year Skaagri-La 15* June# June 25 IS* 15% Roxy Electric 10%TE June 2 June 21 15%TEb 20%TEc Gleaealy 5%I June 9 June 27 5%I 5% K.T. Pan 20% JuneS June 27 26% 33% O.U.B. 10% June
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    • Article
      PAN MALAYAN HOLDINGS SHOWS SLIGHT IMPROVEMENT
      439 4 GROUP pre-tax profit at Pan Malayan Holdings for the year ended Dec 31, 1976 at $1.41 million appears to have shown some Improvement. Exactly how much Is not clear since the only comparable figure, (613,418 refers to the six months ended Dec 31, 1975.
      439 words
    • Article
      CHICAGO BOARD OPTIONS
      1430 4 On June 23 ON the Chicago Board Option Exchange, total volume was 108,179 contracts on Thursday, Including 3,164 puts, compared with 90,498 contracts with 5,039 puts on Wednesday One put and 324 calls advanced and 18 puts and 168 calls declined. OPTION JLY OCT JAN STOCK Alcoa
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  • Page 4 Advertisements
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      1448 4 COLD STORAGE HOLDINGS LIMITED Annual Report and Accounts for the year ended 31st January, 1977 Chairman's Statement circulated to stockholders and to be presented at the Annual General Meeting of the Company in Singapore on 16th July, 1977. RESULTS Group sales increased to $180.600.000 and pre tax profits to $21,600,000
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Charter plans to expand industrial base
      431 5 UK COMPANIES Reuter CHARTER CONSOLIDATED plans to Increase its industrial activities in order to give the company a more equal balance between mining and industrial interests. chairman Mr. Murray Hofmeyr said. He told a press conference on the annual report Charter intends to develop
      Reuter  -  431 words
    • Article
      Lock icon Loews Corp sells rights for US$141m
      179 5 N. AMERICAN COMPANIES Reuter I.OEWS CORP said its Lorillard division sold rights to its cigarette brands outside the US to a unit of Bat Industries of Britain for USSI4I million in cash. The company estimated the net gain on the sale would be about
      Reuter  -  179 words
    • Article
      Lock icon Standard's record
      90 5 Reuter STANDARD OIL CO. (Indiana) said its net worldwide crude oil and natural gas liquids production reached a record 1.02 million barrels a day In May. May production levels represented an 11.1 per cent increase over the average daily production in May, 1976. Most of the Increase came
      Reuter  -  90 words
    • Article
      Lock icon Massey-Ferguson
      102 5 Reuter MASSEY FERGUSON'S dollar sales of agricultural equipment in North America this year are similar to 1976 levels, executive vice-president John E. Mitchell told Reuters. Although the North American market for farm equipment is flat, with tractor unit volume down from last year's level, the company is experiencing improved
      Reuter  -  102 words
    • Article
      Lock icon Rules for oil firms
      89 5 Reuter MAJOR oil companies In Canada will be required under new legislation to file documents every six months outlining their source of income and how it is spent, Energy Minister Mr. Alastair Gillespie told the Senate Banking Committee. Mr. Gillespie said although new monitoring legislation makes
      Reuter  -  89 words
    • Article
      Lock icon Softel plans Eurobond issue
      132 5 EUROPEAN COMPANIES Reuter ROME. Fri. The Italian state telephone company, STET announced its Luxembourg subsidiary, Softel is raising a US$4O million 9.25 per cent six year Eurobond issue. Proceeds will be used to finance group investments in Italy, and the loan is guaranteed by STET, a
      Reuter  -  132 words
    • Article
      Lock icon Thomson raises stake in Ericsson
      142 5 Reuter PARIS. Fri. Thomson Brandt has succeeded in its bid to raise its stake In Ste Francaise Des Telephones Ericsson, to around 38 per cent from 16 per cent, the French Stockbrokers Association said. Holders of 502,704 French Ericsson shares have answered the Thomson Brandt
      Reuter  -  142 words
    • Article
      Lock icon Kleber expects better returns
      149 5 Reuter PARIS, Frl. Kleber-Co-lombes SA chairman Manuel Beraldi said several positive factors allow the group to expect an improvement in its operations this year. In 1976 Kleber-Colombes made a net consolidated loss of 59.0 million francs on turnover of 1.97 billion (no 1975 consolidated comparisons). In
      Reuter  -  149 words
    • Article
      Lock icon Rolls ups its offer
      129 5 Reuter ROLLS-ROYCE MOTORS HOLDINGS has increased its offer for the whole of the issued share capital of Fodens Ltd. which values the company at £10.9 million. It said it is offering four Rolls-Royce Motors ordinary fully-paid 25p shares for every five Fodens ordinary 50p shares and
      Reuter  -  129 words
    • Article
      Beaverbrooks thwart Goldsmith's bid
      404 5 SIR James Goldsmith's plan to take control of the Dally Express newspaper group was recently frustrated by a decision of the Beaverbrook family trustees, who control 58 per cent of the voting shares, to reject a proposal to enfranchise the "A" shares. This was the central
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    • Article
      Lock icon Isuzu has a good first half
      175 5 ASIAN COMPANIES Reuter TOKYO, Frl. Isuzu Motors made an after-tax profit of 2.79 billion yen in the first half-year ended April 30. 1977 up 13.4 per cent from 2.46 billion yen previously. Sales also registered an increase of 9.6 per cent to 227.6 billion
      Reuter  -  175 words
    • Article
      Lock icon Stanley to issue EDRs
      63 5 Reuter TOKYO, Frl. Stanley Electric said It plans to Issue European Depositary Receipts (EDR) worth US$lO million In mid-Sep-tember to raise funds for the expansion of its motor parts manufacturing capacity here. It said the issue will be managed by Goldman Sachs International and Daiwa Europe
      Reuter  -  63 words
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      Page 5 Advertisements Column 1
      91 5 V- v. F- uf l> wam. ■■;C« sga&Sfli It a: v v tSSR!** UWTED O»POftATf O TO SiS St, ;P •■-V i iitl M** y*V $> 8 t* V > *n *2L k -s? ~V x, r CQr^%)y >« Ss®» "iv? •fs* r %s£&>~ y t 2>^-? SftSiSW- K l
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  • Article
    Share Information Service
    2195 6 Chr'a Gr*a Net im Last to Dhr y'W P/E Vol Day High Low Coopaay Safe ♦ar- e'rt C000) High Law SECTIONONE INDUSTRIALS 153 136 Aetna 152cd +2 12.ON 1.8 7.8 7.1 14 122 181 138 127 Acma A 137 +5 12.0N 1.8 t.7 8.4 7 «8 138
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  • Article
    Transactions in Singapore
    1276 6 3ID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares tradedshown in brackets In lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SettBig Board deals (in
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  • Article
    In Kuala Lumpur
    1379 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 INDUBTIIIAU Acma (1.448), CD. Alaam (1.758 1.788). A. Oh— (0.788 0.800) (18)
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  • Article
    Stock options
    60 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and businees done yesterday, with the number of optiona traded shown in brackets. roSof; 8 <aepl (Dec 53.60) (0.258 0.378J: (ofe""" (S -$2 "> o l :Bi) Etoc,ri
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  • Article
    Unit trusts
    140 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' price* for June 27) (tvraK p rtoeft) 1.11 The Commerce I N 1.79xd INCOME BONO 1.09 The Saving Fund 0.94 0.98 8 pore Prof Fund 0.86 0.91 MARA BUMIPUTRA FUND 8J>ore Security Fund 1.53 1.62 (Manager* price* First Bumlputra for Ju
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  • Article
    CORPORATE BONDS
    130 6 B O T 8 1/2% 1981 (100,000) (102*B 103S) B O T 7 5/8% 1984 (100.000) (98HB 99*S) DBS Converts S 1/2% 1991 (100,000) (98*B 995) D B S 8 1/2% 1982 (100,000) (100*B 101HS) E I B 9% 1982 (100,000) (103*B 104*8) E I B 8 1/4%
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  • Article
    GOVERNMENT BONDS
    119 6 Rep Spore D Mark 7% 1982 (100,000) (100 SB 101 V,S) Rep Spore D Mark 6 1/2% 1983 (100,000) (98%8 99'«S) Rep Spore 7 3/4% 1987 (100.000) (1008 100SS) 5 1/4% 15/7/78 (250,000) X 101.488 101.575) 4 3/4% 1/5/79 (250,000) (100.848 100.90S) 5 1/4% 15/10/79 (250,000) (101.75B) 5
    119 words
  • Page 6 Advertisements
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      160 words
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  • Article, Illustration
    SPOTLIGHT ON PMC
    589 7 MOST shares closed narrowly mixed in quiet trading on the Stock Exchange of Sincapore yeeterwas characterised by some nervous selling and liquidation by some weak holders. However, there were a few selected firm spots in the generally dull conditions. On the industrial board. Pan Malaysia Cement again
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  • Article
    KLSE RULES STEADIER
    508 7 THE Kuala Lumpur stock market ended the week on a generally steadier note yesterday. Trading was fairly steady at the outset but values eased slightly towards noon. However, the drift downwards wa.i quickly reversed In the afternoon when Interest generated by squaring activities and some speculative buying
    508 words
  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      376 7 HONGKONG: The market closed generally lower with blue chips mixed and second liners slightly easier, In moderately active trading on Friday, dealers said. The Hang Seng index fell 0.78 point to 436.43. Turnover on the four exchanges totalled HK524.13 million compared with $24.11 million on Thursday. Hongkoag Beak rose
      376 words
    • Article
      Tokyo
      521 7 TOKYO: Share prices closed higher on Friday, as Investors were encouraged by active buying In blue chips by major investment trusts, dealers said. The Dow Jones average gained 26.68 to close at 4,977.23 with volume 240 million shares. The new Index closed at 378.22, up 1.94. Sony rose 10
      521 words
    • Article
      Sydney
      400 7 SYDNEY: The market closed higher on Friday with natural gas stocks reacting to a rise in South Australian gas prices. Uraniums were higher, dealers said. The Sydney All-Ordlnarles rose 1.5 points to close at 455.70. In gas stocks Santo* rose 12 to 1.85. and Vamgai and Bridge firmed. In
      400 words
    • Article
      Manila
      178 7 MANILA: The market closed mixed on Friday, with minings and commercials showing moderate gains but oils meeting profit-taking following Thursday rise, dealers said. Lepanto led minings with a four point rise while Atlu and Philex rose one point each. Investor Interest shifted from oils to minings, which also gained
      178 words
    • Article
      Bangkok
      99 7 JUNE M Bahts Alia Fibre 1*3 unch Bangkok Bank 318 ♦4 Bangkok Invest 1SS +4 Bangkok-Metro-politan Bank Bala 907 -4 Berll Jucker 206 unch Charoong Thai Wire 171 ♦1 Dumex DusltThanl Faber Merlin Flfst Trust Indo-Thai 1806 -4 Industrial Finance Corp 1206 unch J And J Ho 237 +2
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    • Article
      Amsterdam
      338 7 AMSTERDAM: The market eased In dull conditions on Thursday with foreign and domestic Investors holding back due to uncertainty over future economic policies, dealers said. Unilever led Dutch international 0.90 guilders lower. Elsewhere. Insurances resisted the downward trend. Ennia and Amfas rose one and 0 20 guilders respectively while
      338 words
    • Article
      Brussels
      165 7 BRUSSELS: The market was sharply higher In active trading on Thursday following the cut In bank rate, dealers said. The main rises in local Issues Included Cockerill, Clabecq, Intercom, Acec, Solvay, St Rock and Teaaemierloo. V'ielle Montagne and Comctra declined against the trend. German and US stocks were mixed.
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    • Article
      Frankfurt
      320 7 FRANKFURT: Bhares closed little changed In quiet trading on Thursday with movements rarely more than one mark either way. bourse sources said. However, Bast dropped 3.70 marks on news of disappointing business developments this year and ABC fell 0.20 after the slower than expected turnover rise in the first
      320 words
    • Article
      Milan
      220 7 MILAN: Prices In most sections of the market were firmer on Thursday, dealers said Pirelli Spa, however, dropped to 878.50 from 967 previously although Pirelli E.C. rose to 1970 from 1948 Italaider at 150.50 and Italcementi at 102.50 were also slightly lower against the general trend. Liquiga* gained sharply
      220 words
    • Article
      Paris
      371 7 PARIS: The market was sharply higher at the start of the new account on Thursday, dealers said. Factors helping the market Included Prime Minuter Raymond Barre's declaration that the May retail price Index will be below April's 1.3 per cent and the maintenance of call money below nine per
      371 words
    • Article
      Zurich
      291 7 ZURICH: The market drifted lower In generally light volume on Thursday with sentiment affected by the extraordinary general meeting of Schewlzerische Kredltanstalt on Friday dealers said. $anks eased with Kredltanstalt declining on some selling pressure. Small losses predominated among financial*, Insurances and leading industrials. Falls Included OertikMBuehrle, Rueckveriacheruag and
      291 words
    • Article
      Jo'burg
      371 7 JOHANNESBURG: Gold shares traded basically steady on the higher bullion fixing on Thursday. with black student disturbances having little effect, dealers said. Financial minings retreated, and Johnnie* lost 15 cents to 1.955. while Aagloa shed five cents to 393. De Beers featured on strong US buying interest, and traded
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    • Article
      Toronto
      329 7 TORONTO: Share prices closed firmer in busy trading after erratic morning activity on Thursday. The composite Index rose three points with oil, gas and paper and forest products Issues leading the advance, each adding more than 11 points. Advances outpaced declines 262 to 181. M. Loeb, which was halted
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    • Article
      New York
      1153 7 NEW YORK: Stocks, mixed throughout the session on Thursday, edged mostly higher in moderately active trading. Analysts said the market Is still consolidating gains from prior sessions, and moat of the trading was by Institutions. One analyst noted that with the end of the second quarter approaching much
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    • Article
      Indices
      67 7 FINANCIAL TIMES INDUSTRIALS Thursday 444.9 Wednesday 446 7 Week Afro 443.5 IX)W -lONES AVERAGE INDUSTRIALS Thursday 925.37 Wednesday 926.31 Week Afto 920.45 LONDON DOLLAR PREMIUM Thursday 113 to 113'^ Wednesday 111'4 to 112 H.K. HANG SENG Thursday 437.21 Wednesday 436 64 Week Aro 438.39 SYDNEY INDUSTRIALS Thursday 372.94 Wednesday
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  • Article
    Lock icon Manitoba loan
    59 7 Reuter FRANKFURT. Fri. The coupon on the 150 million mark seven-year Eurobond for the. Province of Manitoba has been cut to 6'/, per cent, from the originally foreseen per cent, bond market sources said. Pricing has still not yet been decided but will be at 99'4 per cent
    Reuter  -  59 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      474 8 OPENING quotations in the Singapore rubber market yesterday were marked down half a cent on lack of follow-through in London to Thursday's rise here and thereafter prices fluctuated around these levels on lack of Interest, dealers said. In mid-morning some forward demand up to Oct/Dec
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    • Article
      Closing prices
      30 8 Rubber: June 24 Singapore: July 187.00 eta (down 1.2S eta.) Malaysia: July 188.00 eta (down 1.50 eta) Tin: $1,450 (up $10) Official offering: 121 tonnes (down 14 tonnes)
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    • Article
      R.A.S. PRICES
      361 8 Noon Close (per kilo) (per kilo) Buyers Sellers Buyers sellers Int. 1 R.S.S. prompt f.o.b. 188 00 189.00N 187.00 188.OON Int 1 R.S.S. July 188 25 188 50 187.00 187.25 Int 1 R.S S August 190.90 190.75 189.25 189.75 Int. 2 R.S.S. 187 00 188 00N 186 00
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    • Article
      SSR AND SMR
      99 8 July August R.A.S. (Current Mth) (Fa rward Mth) Buyer* Seller* Buyer* Seller* (CM it* par kg) (cent* per kg) SSR20 (1-ton Pallet) 190 00 192 00N 191.00 193 00N SSR50 (1-ton Pallet) 188 00 190 00N 189 00 191 00N M.R.E.L.B. SMR5CV (1-ton Pallet) 214.50 216.5QN 215.50
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    • Article
      Cocoa
      87 8 LONDON, Frl. Terminal reached the £40 limit up level during the opening call with Dec at £2,579 per J tonne. Sales before the 15- minute break were 500 lots. In NEW YORK on Thursday. commission house short-covering and light trade buying lifted cocoa prices some four cents higher for
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    • Article
      Rice
      177 8 BANGKOK, Frl. Indicative prices quoted here were: (US dollars per tonne fob basis Bangkok). White Rice: 100 per cent Ist class 298 < 100 per cent 2nd 283 100 per cent 3rd 279 5 per cent 267 1 10 per cent 242 j 15 per cent 239 20 per
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    • Article
      Produce exehange
      494 8 TRADING was practically at a standstill In the Singapore produce market yesterday. The main deterrent was the differences in price ideas and the lack of overseas Interest. Prices, however, held generally steady. Apart from a few sales made on consumer account, the market was devoid of buying activity.
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    • Article
      Coffee
      356 8 LONDON, Frl. News that the Brazilian Federal Weather Office had lifted it's frost warning and that the coffee growing area of north Parana had stable temperatures, led to sharp opening losses, dealers said. At the end of the opening session losses against last night were £175 to £132 per
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    • Article
      Palm oil
      67 8 C.I.F. Rotterdam. U8 dollars per ton. LONDON: Thursday Pre* Malaysia 5% (fa bulk Aug/Sept unq unq Sumatra 5% June 625slr SOOslr July SlOslr flOtelr Aug MWr SOOslr Sept SSSslr 572 50slr Nov unch 572.50pd Dec unci) 5«7 50pd Jan unch 580pd Nigerian 5% (fa bulk unq unq ROTTERDAM
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    • Article
      Straits tin market
      209 8 THE Straits tin price in Penang yesterday was up $10 to $1,450 on an official offering down 14 tonnes to 121 tonnes. In LONDON yesterday morning, tin rose £25 for cash and £7.00 for Three Months In both contracts. Dealers said the early advance followed higher Penang
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    • Article
      Sugar
      175 8 LONDON, Fri. Terminal opened £1.00 to £0.40 down from yesterday's 5.00 p.m. levels In sales of 315 lots. The general tone of the world sugar market prompted a £2.00 reduction in the London dally raws price to £110 per tonne. The London daily whites price was also down £2.00
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    • Article
      Hongkong comex
      293 8 HONGKONG, Fri. The market closed higher in fairly quiet trading after a dull opening, following the overnight rise in New York, dealers said. Gains ranged from 0.50 to 1.20 US cents per lb. May was untraded. Total turnover fell to 19 lots from yesterday's 50. The low turnover
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    • Article
      Soybeans
      123 8 CHICAGO, Fri. Soybean futures rose sharply in early dealings yesterday and were up 17 to 20 cents a bushel around mldsesslon. Soybean futures closed with gains of 27'/»to 25 cents a bushel. Strength In product futures, particularly oil, during the session helped maintain support in soybeans. Soybean product futures
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    • Article
      Wheat
      69 8 CHICAGO, Fri. Wheat futures moved upward to show gains of 4to 2 Vi cents a bushel around mldsesslon yesterday. Wheat futures closed 3 ft to IVi cents a bushel higher. ShOrtcoverlng and speculative buying in response to sharp advances in soybean futures and evening up ahead of the USD
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    • Article
      Rubber prices make partial recovery
      395 8 FOLLOWING the previous week's sh&keout, levels have eased further and then partiaHy recovered in uncertain and erratic conditions, said Holiday, Cutler ft Bath In Its weekly review of the Singapore and Malaysia rubber markets. With spot C'ces hovering around lows t recorded nine months ago
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    • Article
      Copper
      389 8 LONDON, Frl. Copper wlrebars In the morning gained £4.00 for cash and £2.50 for Three Months. Prices were marked up on the pre-market on short covering, with Three Months trading up to £811 Ber tonne, dealers said, [owever there was no follow-through In the ring and prices slipped back.
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    • Article
      Silver
      177 8 LONDON, Fri.— Silver hardened mostly 0.1 pence per troy ounce In the momIng. Three Months traded from 265.4 pence down to 264.6 In the ring. Only 11 lots changed hands. On Thursday afternoon, silver gained mostly 3.3 pence per troy ounce. The market remained subdued but steady In sympathy
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    • Article
      Gold
      381 8 THE Singapore gold market yesterday opened firmer In quiet trading. The kllobar opened at 5511,235 and eased on some proflt-ta-klng to 5511,210. However, firm buying support lifted the price to close at 5511,250 In active trading. In the loco London market, the metal opened at US $140.80/141.00 and weakened
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    • Article
      Lead
      83 8 LONDON, Fri. Lead hardened £1.25 for cash and L' 0.75 for Three Months in the morning. Three Months traded up to 1*350 in the pre-market but eased to £346 in moderate ring dealings. Expectations of a modest fall in stocks also aided the initial firmer trend, dealers said. On
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    • Article
      Zinc
      82 8 LONDON, Frl. Zinc In the morning rose about 1'2.00 for cash and £1.75 for Three Months. This metal followed the general trend with Three Months trading up to t'33B on the pre-market but slipping back to C 335 In the ring under profit-taking and hedge selling. Sales of 4,150
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    • MONEY AND EXCHANGES
      • Article
        Singapore
        580 8 WITH overnight local money consistently quoted at the six per cent level for the last few days and showing no sign of coming down, borrowers in Singapore's inter-bank money market yesterday switched into term deposits and pushed rates up by K per cent. One Month, Two Months and Three
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      • Article
        Minimum lending rates
        50 8 mm ACBC 6'< 6*« Algemene Bank (V, Citibank Bangkok Bank 7 HSBC IH Bank at America «H Iiibww «V. 7 th Bank of Tokyo CV, 6*« Bank Negara OCBC 6H Indonesia 7 OUB CV, Chartered Bank UCB 7 Chaae Manhattan L'MBC 7 DBS C'4 UOB IU 1
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      • Article
        Asian $ rates
        179 8 Asian rates ASIAN currency deposit Interbank rates as at close on June 24 US Dollars (Spot) Offer Btd 7 days 5 5/8 5 1/2 1 mth 5 5/8 5 1/2 2mths 5 3/4 5 5/8 3 mths 5 15/16 5 13/16 6 mths 6 1/4 0 1/8 9 mths 6
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      • Article
        Discount
        50 8 RANGE of prices offered by discount houses on June 24 Overnight 2 to 3% Call deposit 3% f Bu> Se Iliac 3-month Treasury bills 3 2 7/» 3-Month Bank bills 41/* 4 3-Month CD 4 7/18 4 5/16 6-Month CD 4 5/8 4 1/2 Source: National Discount Co. Ltd.
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      • Article
        Frankfurt
        41 8 FRANKFURT exchanges opening quotes on June 24 US 2 3548/54 CM 2 2215/35 UK 4.047/062 Neth M 42/52 SwlU 94 40/50 Italy 2 097/664 France 47 82/72 Norw 44 22/30 Belg com 8 525/35 Belg fin 8 53/54 Japan 0.8650/60
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      • Article
        Euro $ rates
        105 8 Euro rates LONDON, Fri. Eurodollar deposit trading was quiet at the outset, dealers said, with US money supply figures having little Impact. End of month influences prompted some Interest In shortdates. Next week's Thurs/ Fri rate was bid at 21 Vt per cent because of the Independence Holiday on the
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      • Article
        Treasury bills
        41 8 for 61-day Treasury Bills to be issued from June 27 to Jdi> i Offered: 829.600.060 Applied for: 664.150.000 Allotted: 629.600.006 Accepted Bids: 6*6 26: approximately 4%. higher bids tot full. Ave rage rate of discount on allotmeni: 2 930%
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      • Article
        New York
        189 8 NEW YORK. Fri. The dollar closed slightly stronger against many leading currencies in subdued trading yesterday, dealers said. However, business was at a low level with many banks reluctant to take positions, they said. The mark closed at 42.44/46 cents compared with the opening 42.47/49 and after reaching
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      • Article
        London
        218 8 LONDON, Fri. The dollar edged slightly higher against most major European currencies in quiet trading here, dealers said. The yen softened against the dollar reflecting the lower Tokyo close. It was quoted at 272.05/15 to the dollar against the Tokyo finish of 272.05 and compared with its overnight 271.75/85.
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      • Article
        Tokyo
        122 8 TOKYO, Fri. The US dollar for overnight delivery closed at 272.05 yen, up from 271.90 at the opening and 271.85 at yesterday's close, mainly on import covering by traders and manufacturers, dealers said. At one point, the US currency rose to 272.10 as sales of dollar export bills by
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      • Article
        Hongkong
        121 8 HONGKONG, Fri. The US dollar was mixed in auiet trading, firming slightly against the yen and easing against the mark and Hongkong dollar, dealers said. The US unit closed higher against the yen at 272.03/13 compared with its New York close of 271.96, after opening at 271.85/95. The US
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      • Article
        Australia/NZ
        57 8 AUSTRALIA/NZ exchanges on June 24 Australia: Sterling 0 6486/ 0 6416 US dollar 1.1116/ 1.1070 Ninety-day air mall buying rates Sterling 0.6668 US dollars 1.1372 Ninety day forward buying rates Sterling 0 8488 US dollars 1.1006 New Zealand: Sterling 0 5614/0 5583 US dollar 0 9701/0 9601 Ninety-day forward
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      • Article
        Zurich
        52 8 ZURICH exchanges closing quotes on June 23 U8 2 4926-4934 UK 4 2660-2* Bo Can 2.3915-8930 W Oerm 105 86-92 Neth 100.04-10 Prance 50 45-48 Belg 6.60 1/4-90 3/4 Oenm 41.13-16 Norw 46 88-81 Swed 96.16-19 Italy 0.2819-2817 Austria 14.66-60 Port 6 43-45 Spain 3.565-57H Arg 0 60-70 Japan
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      • Article
        Eurobond prices
        295 8 LONDON, Fri. Straight US bonds firmed up to point in moderate activity, dealers said. LONDON Eurobond prices on June 24 StrtifhU Bid Offer Austria 8*190 101* 102 Bell Canada 8*. 80 104% 105* BFCE 8*4 83 101* 102* Brazil 9'. 84 97* 98* Can Pacific 9 83 103*
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      190 8 1 I i i It MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE 1 ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that hove taken place in all important sectors of the economies of countries in East and
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  • Article
    Electronics recovery gives lift to MASA
    446 9  -  By TERESA LIM THE strong recovery staged by the electronics industry in Singapore last year also gave a lift to McGregor, Swire Air Services (MSAS), the International air cargo company, nere. "The period 1974 to 1975 was the most depressed for the electronics Industry
    446 words
  • Article
    Lock icon London freight market
    186 9 AP LONDON, Frl. Chartering covered a broader range of trades yesterday but tended to concentrate in the time-charter section where a keener interest was shown in Far East tonnage. Far East time-charter business Included the Krohn booking of the 19.157 dwt Olyfada Spirit at U552,850 per day
    AP  -  186 words
  • Article
    Gulf Orient Express Service
    258 9 GULF Orient Express Service (GOES) is the first direct container service to be introduced between the Far East and Singapore and the West Asian gulf ports. The first self-sustaining container vessel, Hans Krueger, arrived in Singapore in August last year to coumence her maiden voyage to
    258 words
  • Article, Illustration
    IN PORT
    360 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Benledi (1500 after Musing hauls) 38/39 Cheng De (1800 after Neptune Tourmaline) 3/4 Denel No. 8 2300 6/7 Maritime Shoun (Tanker) (0700 after Vlshva Yash) (Subject Gas Free) 15 Mersey Lloyd (0700 after Jagat Prlya) 10/11 Neptune Jasper (1000) 5 Palm Sea Horse
    360 words
  • Article
    Lock icon Norwegian shipping industry faces critical decisions
    335 9 AFP LONDON, Frl. Critical decisions are to be faced by the Norwegian shipping industry over the next 13 years, highly-detailed review published In London today by terminal operators, the Independent marine, consultancy arm of the London ship-broking groupe, Eggar Forrester, said. The review singles
    AFP  -  335 words
  • Article
    Lock icon More truck tyre sales
    60 9 Reuter AKRON, (Ohio), Frl. Goodyear Tire and Rubber Co said it expects total US industry truck tyre sales of 39.2 million this year, up from 33.8 million the year before. Goodyear said the rise reflects a continuing Increase In the number of family-owned vehicles using truck
    Reuter  -  60 words
  • Article
    Lock icon Switzerland: Voting the roads away
    908 9 BERNE, Fri FT A LOT of people are protesting these days about the Indiscriminate building of motorways. In Switzerland, they are going one step further; they are holding a referendum on the subject. This month Swiss voters are being invited to approve a popular Initiative
    FT  -  908 words
  • Article
    DAILY AIRCRAFT MOVEMENTS
    577 9 ARRIVAL8 Optra Mrrlot Loc tar Number Tb *1 M Fr«B CAL CPA MA8 CI333 CX003 MH882 0040 0145 0810 TPE/HKQ/KUL HKQ KCH CPA CAL SIA CX710 CI814 SQ211 1000 1000 1015 HLP HLP HLP OCA THAI OIA QA980 TQ423 GA908 1090 1035 1100 HLP BKK MES PAL
    577 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      268 9 'j 11, i t T i m •feSS W ITS 5 T w- <; < The three bask needs and the three parts of BritannioQ 3 understanding, insight, and wisdom in every field of laarning. Written by experts, approved by experts, but not written for experts. It is aimed at
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  • Article
    Lock icon THE OUTLOOK FOR GROWTH, EMPLOYMENT AND INFLATION IN THE U.S.
    1186 10  -  CAPITAL-SPENDING HOLDS THE KEY By THOMAS MULLANEY NYT ALMOST every discussion of the outlook for the American economy these days eventually turns to an examination of business capital-spending prospects as the key to what lies ahead for growth, employment and
    NYT  -  1,186 words
  • Article, Illustration
    Lock icon US pullout: Will history repeat itself in Korea?
    1197 10  -  By JAMES KIM UPI TWENTY-BEVEN years ago the United States rushed < men and arms to help Bouth Korea repel a North Korean Invasion. Today, Washington is pushing a plan to remove U8 troops who have helped maintain peace In the south
    UPI  -  1,197 words
  • Article
    Lock icon RBF — should the family hold the purse strings?
    1589 10  - RBF should the family hold the purse strings? By MICHAEL STERNE NYT NELSON Rockefeller, out of public life for the first time in three decades since he left the vice presidency in January, is taking an activist, leadership role in the Rockefeller Brothers Fund, one of the major philanthropies established
    NYT  -  1,589 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      490 10 THE DEBT m TRAP HOW TO SURVIVE N THE SLUMP Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their
      490 words
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  • Article
    Lock icon Bangkok approves $10 bil budget
    117 11 AFP BANGKOK, Frl. The Thai Cabinet has approved in principle a National Budget of 81,000 million baht (5|9.9 billion) for fiscal 1978, an official source reported today. Twenty per cent higher than the budget for fiscal 1977 ending Bept 30 this year, the proposed budget
    AFP  -  117 words
  • Article
    Lock icon IFC affiliate invests $38m
    87 11 AFP WASHINGTON, Fri. The International Finance Corporation (IFC), an affiliate of the World Bank, has approved an investment of up to U5515.37 million (5537.8 million) in the Korea Development Leasing Corporation (KDLC), It was announced here yesterday. The IFC investment consists of an approximately $372,000 in
    AFP  -  87 words
  • Article
    WTCA MEETING UNDERSCORES TRADE ROLE OF SINGAPORE
    624 11 THE importance of Singapore in International trade wilt be highlighted next wtek. In conjunction with the hosting of the eight general assembly of the World Trade Centres Association (WTCA), Singapore takes under its wing trade mission delegates from WTCA groups around the world.
    624 words
  • Article
    Lock icon Bill to bar aid gets firm 'no' from Carter
    251 11 AFP WASHINGTON, Fri. A House of Representatives vote yesterday to bar effectively the World Bank and five other affiliated agendas from channeling US aid money to seven nations prompted swift opposition from President Jimmy Carter. A White House statement said Mr
    AFP  -  251 words
  • Article
    High Court winds up six firms
    234 11 THE High Court yesterday ordered six firms to be wound up on grounds of Insolvency. They were Crown Metal Industries, Chip Guan Shipping and Trading, Akky International, Singapore Packaging and Manufacturing. Inma Co. and Singapore Graphic Associates. Crown Metal Industries was wound up on
    234 words
  • Article
    Tax man takes three to court
    174 11 THE Comptroller of Income Tax has filed three suits totalling $356,057 at the High Court for alleged amounts due as Income tax. The claims were made against a Mr. Kuan Poh Thin for $43,485; a Mr. Tan Soo Chuan for $12,104; and against LI
    174 words
  • Article
    Lock icon Working days lost
    107 11 Reuter TOKYO, Fri. Australian Employment and Industrial Relations Minister Anthony Street today told businessmen here that the number of working days In Australia lost because of industrial disputes is far higher than it should be "Regrettably it tends to be at the top end of the scale
    Reuter  -  107 words
  • Article
    Lock icon Trade surplus higher forecast
    146 11 Reuter TOKYO, Fri The Mitsubishi Research Institute said it predicts Japan's trade surplus will increase to US$l3.6 billion (Ss33 billion) in fiscal 1977 from 111.1 billion in fiscal 1976. It said exports will increase by 14.4 per cent to 179.3 billion against a 12.9 per cent
    Reuter  -  146 words
  • Article
    Lock icon Long-term lending rate cut
    113 11 Reuter TOKYO, Fri. Three Japanese long-term credit banlu announced a 0.2 per cent cut in long-term prime lending rate to 8.2 per cent, effective June 27. Hiey are Industrial Bank of Japan, Long-term Credit Bank of Japan, and Nippon Fudoaan Bank. The three banks said they
    Reuter  -  113 words
  • Article
    Lock icon Fewer job seekers
    58 11 Reuter TOKYO. Frl. Japan s seasonally adjusted ratio of Job offers to Job seekers fell to 0.54 in May«from 0.59 in April and 0.63 In May last year, the Labour Ministry said. The ministry said Job seekers, including employed people wishing to change Jobs, declined to 1.56
    Reuter  -  58 words
  • Article
    Lock icon Tokyo-Moscow N-pact soon
    204 11 AFP TOKYO, Fri. Japan and the Soviet Union will sign a bilateral nuclear energy agreement In Tokyo soon, an Influential businessman said upon his return from Moscow today. President Toshlo Doko of the Federation of Economic Organisations (Keidanren), Japan's most Influential business group, told the press that
    AFP  -  204 words
  • Article
    Lock icon 'Yes' to 3-month cement cartel
    167 11 AFP TOKYO, Fri. Japan's an-ti-monopoly watchdog, the Fair Trade Commission, today approved a cement industry anti-recession cartel for about three months until Sept 30. This is the second time the cement industry forms such a cartel following the one from November 1975 to January 1976.
    AFP  -  167 words
  • Article
    Lock icon $246m power system for Saudi Arabia
    110 11 AFP HONOKONO, Frl. Two Japanese electric companies and one from Hong-« kong have agreed to build a US$lOO minion (***** million) power transmission system in Riyadh, Saudi Arabia. The companies are Mitsubishi Electric Corporation, Electric Industries Ltd and Associated Technical Services Ltd (ATS), the
    AFP  -  110 words
  • Article
    Lock icon Bike curb impact
    65 11 AFP TOKYO, Fri. The "unilateral import restrictive measure on Japanese-built motorcycles" taken by Italy will not likely affect Japanese motorcycle exports to Europe seriously, Japanese motorcycle makers said today. They said the Italian measure would have a minimum impact on their exports to Europe because exports of
    AFP  -  65 words
  • Article
    Develop mastery of skills call by Devan
    253 11 SINGAPORE'S young technical workers wore urged yesterday to concentrate on developing their skills and to make more effort towards understanding and mastering processes in order to improve on them. Mr. Devan Nair, secretary general of the National Trade Union Congress, told graduates of
    253 words
  • Article
    Lock icon US farm bureau rejects agri trade pacts
    188 11 Reuter WASHINGTON. Frl. Mr. Allan Orant, American Farm Bureau Federation (AFBF) president, said his organisation rejects the Idea that world agricultural trade should be conducted through international commodity agreements which contain economic provisions. In remarks released here that Mr. Orant made before the
    Reuter  -  188 words
  • Article
    Lock icon SEA LAW: NOTHING ON THE HORIZON
    451 11 AFP UNITED NATIONS. Fri. The UN Conference on Law of the Sea still has three weeks to run, but It Is already clear that the present session will not even establish whether an International marine rights treaty is likely. A further session and probably
    AFP  -  451 words
  • Article
    Lock icon 'Manila reserves to fall by $49m'
    341 11 Reuter MANILA, Frl The Central Bank projected Philippine reserves will fall by US<2O million (Ss49 million) June after falling 162.38 million In the first five months of 1977, according to Its monthly report. Reserves In May totalled $1.43 billion against 91.47 billion in May
    Reuter  -  341 words
  • Article
    Lock icon Close ties
    58 11 Reuter MANILA. Fri. The Philippines' Evening Express yesterday said the approval by the US Senate of US$l9.6 million (5548.2 million) in military aid to the Philippines for next year underscored once more "the close ties" between the two countries. It said this was $2 million more than the
    Reuter  -  58 words
  • Article
    Interest rate
    73 11 COMMERZBANK of West Germany has announced that the minimum rate of 6tt per cent will apply to the first interest period beginning today on Credit Lyonnals' US$3O million (Ss74 million) floating rate note issued in the Asian dollar market a week ago. Commerzbank' s London branch is reference
    73 words
  • Article
    EVENTUAL LINK-UP BY COMMON CABLE
    103 11 MEMBER countries of Asean will eventually be linked by a common cable communications system. This was announced in Hongkong yesterday by Mr. George Warwick, general manager of Cable and Wireless. He added that the system will evolve from the $40 million cable communications link between
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  • Article
    Lock icon Car output
    26 11 AFP LONDON, Fri. Britain manufactured 133,617 motor vehicles last month, 5 per cent than In May 1976, the Ministry of Industry said yesterdky. AFP
    AFP  -  26 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      758 11 APPOINTMENTS ASSISTANT PERSONNEL/ ADMINISTRATION MANAGER Far East-Levingston Shipbuilding Ltd., a leading shipyard, wishes to recruit an Assistant Personnel/Administration Manager. The successful candidate, aged 28 to 35, will report directly to the Personnel Manager and is likely to be a graduate who has already gained significant experience in personnel and administrative
      758 words
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  • Article
    Lock icon JUSTICE DEPT PROBES ANTICOMPETITIVE BEHAVIOUR
    382 12 UPI WASHINGTON, Frl. The Justice Department said yesterday It was Investigating possible "anticompetitive behaviour" In the international crude oil market. Acting assistant Attorney General John Shenefield made the disclosure during testimony before a Senate judiciary subcommittee considering competitive aspects of President Carter's national energy plan.
    UPI  -  382 words
  • Article
    Merchant says sorry for slandering PM
    242 12 A MERCHANT, sued for slander by Mr. Lee Kuan Yew, made a public apology at the High Court yesterday for having made slanderous and false accusations against the Prime Minister at two election rallies last September. Making the apology in the open court before
    242 words
  • Article
    MD quits yard
    40 12 MR. Lawrence Mah, managing director of Singapore Slipway and Engineering, the shipbuilding subsidiary of the Keppel Group, is to leave the yard at the end of this month to head a new subsidiary dealing with marine merchandise.
    40 words
  • Article
    LONDON STOCKS
    770 12 LONDON. Fri. The stock market closed mostly steady to slightly firmer on the last day of the account with trading subdued ahead of start of dealings in the new BP issue on Monday, dealers said. Government stocks maintained openings gains of up to 3/16 in shorts while longs
    770 words
  • Article
    Lock icon Food council okays anti-hunger plan
    1244 12 Reuter MANILA, Frl. The World Food Council today approved a 22-polnt international action programme to eradicate world hunger. The plan, to be put to the United Nations General Assembly, calls for donor countries to contribute to a 500,000-tonne emergency food aid stock and a minimum
    Reuter  -  1,244 words
  • Article
    Lock icon Asean transport panel finalises project report
    458 12 AFP KUALA LUMPUR, Fri. The members of the Asean committee on transportation and communications began their meeting here today to finalise their report on various Joint projects to be undertaken by the organisation. The report will be submitted to the Asean economic ministers who
    AFP  -  458 words
  • Article
    Set-up of junior training schemes looked into
    320 12 THE Singapore Association of Shipbuilders and Repairers (SASAR) and the Industrial Training Board will be looking into the possibility of establishing apprenticeship and other training programmes for junior trainees to learn the shipyard trades. The move follows a visit paid by ITB officials
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  • Article
    INDONESIA IS RICH IN CONSUMER POTENTIAL
    492 12 THE average Javanese rural individual consumes one can of condensed milk every 20 years. But with a rural population of 70.6 million people, this translates into an effective demand of three to four million tins of condensed milk a year. These figures were presented
    492 words
  • Article
    Mindanao power firm gets Pica loan
    130 12 THE Private Investment Company for Asia (Pica) announced yesterday Its first Investment in the southern Philippine island of Mindanao. This conslts of a US$l.4 million (553.4 million)longterm loan and equity in the Cagayan Electric Power and Light Company (Cepalco) Inc. in northern Mindanao which
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  • Article
    Exhibition expresses confidence in our electronics industry
    230 12 THE recovery of the local electronics industry from world-wide recession is expected to generate at least 125 million worth of business for US manufacturers of electronics production and test equipment over the next 12 months. This is the projection made by 25 US
    230 words
  • Article
    Lock icon Trading in San Imperial again
    102 12 Reute HONGKONG, Frl. Trading in shares of the hotel and real estate operators, San Imperial Corporation, is to be resumed on the Hongkong Stock Exchange on Monday, a stock exchange spokesman said today. Trading in San Imperial shares was suspended last month pending clarification of
    Reute  -  102 words
  • Article
    Lock icon Hongkong seeks UK pledge on textiles
    374 12 Reuter LONDON, Fri. Hongkong textile Industry representatives have sought reassurances from the UK Government on the colony's textile Imports to Britain and the EEC, chairman of the Hongkong Garment Manufacturers Association, Mr. Francis Tien, said. Mr. Tien, leader of a delegation 'representing 13 Hongkong
    Reuter  -  374 words
  • Article
    'Inform the port in advance'
    163 12 THE PORT of Singapore Authority (PSA) sent out a circular yesterday to remind the shipping community that it is compulsory that ships leaving or entering the Port of Singapore report their positions to the port. All ships above 300 grt must notify the Port of
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  • Article
    UOB clarifies report
    90 12 YESTERDAY'S Business Times article on the Copper Industries's auction entitled "Auction of copper machinery is wide of estimates" stated that the United Overseas Bank was one of the' company's bankers when it was put into receivership. UOB has since said that when the company was put into
    90 words
  • Article
    Lock icon Shoe deal
    33 12 AP WASHINGTON Fri. US President Mr. Jimmy Carter has signed a four-year agreement under which South Korea will limit shoe exports to the United States, his office an ounced yesterday. AP
    AP  -  33 words
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