The Business Times, 27 June 1977
1977-06-27
1
10
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section9 1977-06-27 1 BUSINESS TIMES M.C.(P) 300/1/77 MONDAY, JUNE 27, 1977 50CENTS9 words
-
NEWS IN BRIEF
-
Article52 1977-06-27 1 AFP BANGKOK, Sun. Terrorists who planted a bomb at Bangkok airport on Friday were trained In an Arab country in West Asia, the dally Morning Express reported today, quoting a military source. Three people were slightly wounded when the home-made pipe bomb went off In an airport departureAFP - 52 words
-
Article48 1977-06-27 1 AP KUWAIT, Sun. Kuwait has decided to forego the 5 per cent oil price Increase that was to take effect next month, Minister of State Abdul Aziz Hussein announced today. He told Kuwaiti Journalists this meant "the two-tier oil price system will be ended." APAP - 48 words
-
Article69 1977-06-27 1 Reuter BRUSSELS, Sun. European Common Market experts have prepared a paper setting out the Community position on a Middle East settlement for next week's Community summit In London, Informed sources said here yesterday. It is not yet clear whether EEC heads of government will approve the paperReuter - 69 words
-
Article72 1977-06-27 1 Reuter DACCA, Sun. Major-General Zlaur Rahman, President of Bangladesh, cut defence expenditure and proposed several austerity measures in the 1977/78 budget announced yesterday. He said on Radio Bangladesh that defence expenditure would be about US$lOB million (***** million), $5.2 million less than provided for in the current financialReuter - 72 words
-
Article73 1977-06-27 1 Reuter TOKYO, Sun. Two Japanese ministers today warned Japan could be Isolated from the international community If it failed to achieve its economic growth without relying on exports. The warning was voiced by Foreign Minister Ilchlro Hatoyama and Economic Planning Agency director general Tadashl Kuranari atReuter - 73 words
-
Article60 1977-06-27 1 AFP MANILA, Sun. Philippine President Marcos today ordered the release of 500 detainees, of which 188 are political prisoners, the presidential pres.? office announced. A spokesman said 175 are to be freed permanently while the rest are to he placed on temporary liberty and subject to rearrestAFP - 60 words
-
Article68 1977-06-27 1 AFP WASHINGTON, Sun. President Carter admitted yesterday that his statements In defence of human rights have been an "obstacle" to progress In Strategic Arms Limitation Talks (Salt) with the Soviet Union. Ip an Interview with American newspaper publishers, the chief executive said his stand on human rights "hasAFP - 68 words
-
Article64 1977-06-27 1 Reuter JAKARTA, Sun. Indonesian police were today reported to have smashed a ring under which some 10,000 Chinese Immigrants had entered the country illegally. Buana Mlnggu, a Jakarta dally, quoted the chief of the security department at the police headquarters, Brigadier General Suntjojo, as saying the immigrantsReuter - 64 words
-
Article35 1977-06-27 1 Reuter LONDON, Sun. A giant sale of shares In Britain's partly state-owned oil company, British Petroleum, has received nearly five times the expected amount of applications, the Bank of England announced today. ReuterReuter - 35 words
-
-
Article108 1977-06-27 1 THE following list of stocks gives the 10 most traded in on the Stock Exchange of Singapore last week. It gives the turnover in thousands of units, closing prices on Friday and the high and low for 1977. Company Turnover 000 Pricw June 24 SJ? Low Haw108 words
-
LOCAL STOCK INDICES
-
Article67 1977-06-27 1 JumSQ Jua«21 <J«m22 June23 June24 tt B.T. Index: 300.48 308.93 319.38 313.11 314.68 Industrials: 291.83 291.70 29S.28 293.90 294.84 e Finance 428.14 424.92 429.97 424.62 428.00 Hotels: 181.82 161.88 182.18 161.79 161.88 Properties: 180.08 180.62 182.21 161.98 162.99 t Tins: 106.08 106.17 104.98 109.06 108.16 A 9 rubbers: 340.9067 words
-
Article84 1977-06-27 1 < hN» AM 21 Jum 23 ham* 21 Jaa*24 tt B.T. Index: 271.78 277.14 287.93 284.21 291.01 Industrials: 277.13 277.20 278.13 279.40 281.26 Finance: 373.22 372.49 373.96 373.22 374.57 Hotels: 171.96 171.96 171.96 171.96 171*6 Properties: 145.73 145.43 146.54 146.29 147.56 t Tins: 110.46 1M.46 110.70 110.86 111.15 t84 words
-
-
Article324 1977-06-27 1 THE STOCK Exchange of Singapore will open 21 new series of options for 15 existing underlying securities for trading this morning. Three underlying securities National Iron, Straits Steamship and Overseas Union Bank will have three new series each. The series are for September and324 words
-
Article55 1977-06-27 1 AFP NEW DELHI. Sun. India's balance of trade changed Into a surplus of 720 million rupees (SSI97 million) during the financial year ended March last from a heavy deficit of as much as 12,430 million rupees in the previous year according to the annual report of the CommerceAFP - 55 words
-
627 1977-06-27 1 ONG LECK KEONG - •y ONG LECK KEONG THE ELECTRONICS Industry in Singapore has yet to show signs that It will be able to maintain the remarkable recovery It put up last year. With the first six months of the year gone, electronics manufacturers are generally627 words
-
749 1977-06-27 1 TENDER documents for Singapore's proposed $540 million Rallies International Centre are already prepared. But the 11-year-old project Is not expected to get off the ground for some time primarily because of funding problems. Although the project, which will be the Republic's largest and749 words
-
340 1977-06-27 1 SHIPOWNERS from America, Europe and West Asia are believed to have expressed interest in purchasing six minibulkers put up for sale by the marine division of Haw Par Brothers International Ltd. But a spokesman for the company said that nothing concrete has as yet come340 words
-
Article320 1977-06-27 1 AUSTRALIA will look to the Asian financial markets to supplement traditional sources of funds from Europe and North America. This Is stated by the National Bank of Australasia In Its May economic survey which observes that the economic development of Asia is accompanied by the growth of320 words
-
409 1977-06-27 1 SINCE tlie annual report and accounts of Kulim (Malaysia) were published just under two weeks ago, the company's shares have crept steadily higher. From 88 cents then, they have risen l2'/i per cent to 99 cents. In his annual speech to shareholders, chairman409 words
-
301 1977-06-27 1 Reuter MANILA. Sun. The Federation of Asean Shippers' Council (FASC) has urged the governments of Asean nations to adopt measures designed to reduce their dependence on foreigndominated shipping lines and to promote regional trade at reasonable freight rates, it said over the weekend.Reuter - 301 words
-
Article307 1977-06-27 1 EXPORTERS In Singapore can eventually hope to benefit from a computerised International market matching system to be Introduced here by the World Trade Centre Association. The system, which works through computer link-ups in various World Trade Centres around the world, will not only enable local manufacturers307 words
-
Page 1 Advertisements
-
Advertisement60 1977-06-27 1 r Ricoh 1 for plain paper copying *****33 VW IVyny Private Limited ...a responsible company 39th Floor Hong Leong Building Singapore 1. Local Co. New*/ Shore Information Ortneu Maikato Commodities Sports Local ft Overseas News -P I -P 7 -P S P -PlO Leisure/TV A Radio -P 2 Leisure P60 words
-
Advertisement111 1977-06-27 1 International trade? ACBC makes it easier. ACBC provides all the services required for successful trading on the international scene. From opening letters of credit, to export financing, to foreign exchange. Making it easier with a simple direct service. Not only to take care of the routine but indispensable day-to-day banking111 words
-
Advertisement121 1977-06-27 1 I Si FLIGHT 712/ THE TOKYO EXPRESS YORK VANCOUVER i i Li# '1 \w f v •'r* I? ■WSAN FRANCISCO iIOS ANGELES I (HONOLULU SINGAPORE MEXICO CITY Only on JAL can you non-stop to Tokyo, then make convenient connections to U.S. and Canada. 39 JAL flights depart every week. And121 words
-
-
Article586 1977-06-27 2 HONESTY between nations has always been a transitory thing. Many a treaty has proved to be worth no more than the paper it was printed on. Even in matters of International trade, there is no way seemingly that governments no matter how noble their intentions can insist on586 words
-
REVIEWS
-
Article, Illustration1042 1977-06-27 2 BEATA LEVY - ART By BEATA LEVY FT PARIS: Every Wednesday afternoon. In a vast customs house building In Central Paris, works of art awaiting final export permission come under the combined scrutiny of customs officers and museum keepers. The apparently disorderly accumulation of objects Is in factFT - 1,042 words
-
Article672 1977-06-27 2 MUSIC By CKT IT hardly matters that a German silk merchant got cuckolded In the 19th Century. The whole business brought off that century's single greatest edifice of erotic operatic literature, Tristan und Isolde. And right enough, posterity says yea to the music atBy CKT - 672 words
-
Article, Illustration652 1977-06-27 2 GREGORY JENSEN - BOOKS By GREGORY JENSEN UPI LONDON: Thousands of tourists parade along Carnab y Street every day unaware that William Shakespeare Is leaning out of a window and peering down at them. Hundreds more trudge Into the National Gallery and unknowingly walk all over Greta Gar bo "LondonUPI - 652 words
-
-
Page 2 Advertisements
-
Advertisement173 1977-06-27 2 TEAC. A-650 A SUPEKO? EBCMT-lOM3NG 'DOLBY CASSETTE EECK high TUp I buttons electronicall level of fidelity which IXILj JL control tape ""ssssrsi AT ttmodutt rsswsr ■ssksesk 11 ih ssssrassa TEAC A-650 gives the true audiophile the high mm level of fidelity which JL previously was not obtainable. The I twin-motor173 words
-
Advertisement105 1977-06-27 2 i Deluxe Set Lunch at $650 If you're thinking at a quick lunch but want to avoid the usual stuff served in town, come to Four Seasons. From Mondays to Fridays, our expert chefs prepare complete deluxe set lunches with a house specialty as the main course. Specialties like Bed105 words
-
-
Page 2 Miscellaneous
-
Miscellaneous253 1977-06-27 2 SINGAPORE 5 3.00 PM Opening announcements followed by Valar Plrai (TamilRepeat) 3.30 Diary Of Events (Tamil) 3.35 General Hospital 4.15 Science Report 4.30 Intermission 6.05 Opening announcements followed by The Wild World Of People 6.30 News in Brief 6.35 Synthesis 7.05 Fat Albert And The Cosby Kids Shuttered Window 7.30253 words
-
Miscellaneous46 1977-06-27 2 THE WEATHER WEATHER report for 24 hour* prior to 7.80 p.m. on June 26 at Singapore airport. Maximum Temperature Sl.5°C Associated Humidity "2 Minimum Temperature 26.5° C Associated Humidity Hears of Sunshine Rainfall in Millimetres Total Rainfall for the Month Total Rainy Days for the Month46 words
-
-
Article, Illustration4354 1977-06-27 3 R. P. EVANS - By R. P. EVANS Mr Evm fa tfw nMffan director of Siae Darby Singapore Limited. Monday Up with the sparrows (larks start earlier) and off at 6.30 for an early swtm at a large hotel pool. All because of that lay preachfer of physical fitness. Ken Gilson.4,354 words
-
Page 3 Advertisements
-
Advertisement536 1977-06-27 3 30 Clinton 0 D 0 y m n 7 I m "T3SM i-53r MP#* f 1 i Ptfc Basing on the average engine manufactured in Singapore, all that it takes W.H. Clinton Engines Co. Pte. Ltd. to recover the monthly cost of a Data General minicomputer is the sale of536 words
-
-
1046 1977-06-27 4 DAVID BUCHAN - By DAVID BUCHAN FT FOR FREE traders. July 1 is a red letter day. It sees the last remaining industrial tariffs come down between the UK, Ireland, and Denmark and the six original EEC states. At the same time the new member statesFT - 1,046 words
-
Article, Illustration1491 1977-06-27 4 DILIP MUKERJEE - When the oil runs out KL PETROLEUM INDUSTRY Any euphoria over Malaysian oil prospects is unwarranted. The country will need to husband its oil reserves with particular care to avoid serious energy shortages in the 1990s. in Kuala Lumpur— By DILIP MUKERJEE MALAYSIA'S petroleum industry came of age lh 1976:1,491 words
-
Page 4 Advertisements
-
Advertisement1031 1977-06-27 4 First Chicago Corporation and Subsidiaries Consolidated Statement of Condition December 31,1976 Head Office: One First National Plaza.Chicago. Illinois *****, USA. Singapore Branch: 150 Cecil Street, Singapore 1. Tel: *****33 Subsidiaries of The First National Bank of Chicago First Chicago Building Corporation National Safe Deposit Company ImmoDiliare Maia SRI Rosley Corporation1,031 words
-
-
Page 4 Miscellaneous
-
Miscellaneous683 1977-06-27 4 Bristow: ?WJc Ih ckenS J] LeTI&K FOR woo, ng snpiTow v >P6Te.(?.. 'his e*4Veioffc SHOULD THE. RCSJU OF" RSSiSTPiWT SVPiHONrn«sr R ftE*KiM6 PRomoToN txpm P»*D DOJ'T UWE. SrO\LC ON His Thinks if wes ru's ueu. But \f ne's ppeseo T H6«e. cooco Be p»n PSoJKUJP«D SITUATION -P*C> we seer^s Deviusw683 words
-
-
INTERNATIONAL COMPANY NEWS
-
Article248 1977-06-27 5 TOKYO. Sun. Japan's third largest car maker. Toyo Kogyo made a pre-tax profit of 2.68 billion yen in the first half-year ended April 30. 1977 nearly double the profit of 1.41 billion yen a year ago. Sales rose 4.7 per cent from 291.91 billion yen248 words
-
Article86 1977-06-27 5 Reuter SYDNEY, Sun. Austra- < llan National Industries 1 said it received advice from Nissan Motor (Australia) confirming Nissan offered no objection to Ani's proposed acquisition of Capitol Motors. The continuation of franchises from Nissan, covering Nissan and Datsun vehicles, and BMW were conditions of Ani'sReuter - 86 words
-
Article197 1977-06-27 5 Reuter LONDON. Sun. Continental Oil said agreement has been reached for oil from the North Sea Murchison Field to be moved along the Brent pipeline system to the Sullom Voe terminal in the Shetland Isles. The agreement also provides for handling Norway's share of Murchison production should theReuter - 197 words
-
193 1977-06-27 5 Reuter TOKYO, Sun. Mitsubishi Chemical Industries has postponed Its plan to issue a 100 million mark bond because its banks objected to a plan to float the bond without their guarantees, a company spokesman said. All external bonds so far issued by Japanese companies haveReuter - 193 words
-
Article177 1977-06-27 5 Reuter MELBOURNE. Sun. New mining projects in Australia are impossible to justify under present economic conditions and current metal prices. Western Mining Corp managing director, Mr. Arvi Parbo, said. He told a seminar organised by the Committee for Economic Development that new mineral development cannotReuter - 177 words
-
820 1977-06-27 5 FT. LONDON, Sun. Mr. Charles Williams, a managing director of Baring Brothers, the merchant bank, has been appointed the new L'lB,ooo a year chairman of the Price Commission. Mr. Williams is one of the few people who is both a senior City banker he isFT. - 820 words
-
Article106 1977-06-27 5 Reuter WHITE PLAINS, NY. Sun. General Foods said due to recent changes in its US coffee business earnings for the first quarter ending around June 30 may not exceed the year-ago US$52.B million. Earlier, the company predicted higher earnings. General Foods said inventory reductions by bothReuter - 106 words
-
Article35 1977-06-27 5 Reuter WICHITA, Kansas. Sun. Beech Aircraft and General Dynamics said In a Joint statement officials of both companies have held preliminary discussions concerning a possible merger by way of exchange of securities. ReuterReuter - 35 words
-
Article265 1977-06-27 5 Reuter TOKYO, Sun. President Mr. Seishl Kato of Toyota Motor sales told reporters his company will Step up exports of passenger cars to the US despite the Ministry of International Trade and Industry's warning against excessive sales of Japanese cars in the US. He said ToyotaReuter - 265 words
-
167 1977-06-27 5 Reuter WASHINGTON, Sun. The Securities and Exchange Commission said It is not satisfied with the progress made in creating a national market system and is prepared to take a more active role In organising the system. The S.E.C. said progress had been madeReuter - 167 words
-
90 1977-06-27 5 Reuter LONDON. Sun. Ford Motor assembly workers have voted to continue a two-week strike at the company's Dagenham plant, a Ford spokesman said. The assembly workers rejected a peace formula worked out between management and union negotiators which was approved by shop floor representatives onReuter - 90 words
-
Article53 1977-06-27 5 Reuter LONDON, Sun. Vickers' sales and profit were surprisingly good in the first four months of the year and are well upon the same 1976 period, chairman Lord Robens told the annual meeting. He gave no figures. In 1976 Vickers reported pre-tax profit of £38.3 million sales ofReuter - 53 words
-
-
OVERSEAS
-
520 1977-06-27 5 Reuter ZURICH, Sun. The Swiss Federal Banking Commission has cleared the directors and present management of Credit Suisse Bank of any illegalities resulting from difficulties encountered at the bank's Chlasso branch. Credit Suisse chairman Oswald Aeppli said. Mr. Aeppli told an extraordinary meetingReuter - 520 words
-
Article131 1977-06-27 5 Reuter WASHINGTON. Sun. The Federal Reserve open market committee voted to tighten monetary policy sharply at Its meeting on May 17. Minutes of the meeting released here show the committee voted significantly to curb the short-term growth of the monetary aggre- gates. At the same time,Reuter - 131 words
-
Article238 1977-06-27 5 AP NEW YORK, Sun. A temporary commission on New York City finances concluded Its 18-month study yesterday by saying that the city must do much more to promote private Investment, which the commission called "the key to the city's future." The commissionAP - 238 words
-
330 1977-06-27 5 Reuter WASHINGTON, Sun. An amendment to the foreign aid appropriations bill approved by the House last week preventing the use of US funds for aid to communist dominated countries appears to be unworkable, Informed Administration and international monetary sources said. Under the amendment,Reuter - 330 words
-
Article135 1977-06-27 5 Reuters NEW YORK, Sun. Businesses plan to raise inventories 8.9 per cent in the year ending March 1978. McGraw-Hill Publications said. In the annual survey of business inventories conducted by its economics department, it also said manufacturers expect to Increase inventories 7.3 per cent in theReuters - 135 words
-
-
Page 5 Advertisements
-
Advertisement586 1977-06-27 5 GREAT PACIFIC FINANCE LIMITED BALANCE SHEET, Slat December 197$ SHARE CAPITAL Authorised: 1,000,000 shares of $10 each Issued and fully paid: 200,000 shares of $10 each STATUTORY REBERVE PROFIT UNAPPROPRIATED Total capital and reserve Represented by: FIXED ASSETS SUBSIDIARY COMPANY Shares, at cost Less: Provision for diminution In value of586 words
-
-
494 1977-06-27 6 PUBLIC Textiles has emerged from the red with *92,565 In group pre-tax profit for the year ended Dec 31, 1977, largely as a result of a marked turnround by Its parent company. The group pre-tax profit contrasts sharply with a loss of $1.54494 words
-
Article325 1977-06-27 6 JUSTIFYING the optimism of its chairman, Premium Holdings recorded a 17.7 per cent increase in group pre-tax profit to M 51.21 million for the year ended Dec 31, 1976. The final figures represent a commendable upturn by the group in the second half-year when it made325 words
-
Article62 1977-06-27 6 CASTLEFIELD (Klang) Rubber Estate has said that because the company's trading and operations are exclusively overseas, the UK Treasury has confirmed the company will no longer be subject to the current UK dividend controls regulations. It has declared a nonrecurring dividend of 6.5 pence and an interim dividend62 words
-
COMPANY MEETINGS
-
Article16 1977-06-27 6 June 27, 10 a.m., No. 1 Shipyard Road, Singapore 22.16 words
-
Article17 1977-06-27 6 June 27, 10 a.m., Re- glstered Office, 70 Jalan Ampang, Kuala Lumpur.17 words
-
Article19 1977-06-27 6 June 27, 11.30 a.m., Pine Court 1 of Mandarin Hotel, 333 Orchard Road, Singapore 9.19 words
-
Article15 1977-06-27 6 June aH 27, 12 noon, Registered Office, 15 Claymore Drive, Singapore 9.15 words
-
Article19 1977-06-27 6 June 27, 12 noon, Re- glstered Office, No. 64A, Jalan Buklt Blntang, Kuala Lumpur.19 words
-
-
Article690 1977-06-27 6 Current Ex Date Total for Total far payment Date payable the year previous year Rosy Electric 10HTE June 2 June27 15%TEb 20%TEc Glenealy 5%I June9 June 27 5%I 5% K.T. Pau 20% June 8 June 27 26% 33% O.U.B. 10% June 13 June 27 10% 10% Hland ft690 words
-
Article2358 1977-06-27 6 ltrc >* L*w CMMPMT Last Sale Ck's Dfr e'vr <**• C Nat P/B Val C888) Day High Lew SECTION ONI INDUSTRIALS 153 139 204 92* 215 101 198* 103 219 392 136 127 174 58 212 57 155 152 182 350 Ac ma Ac ma2,358 words
-
Page 6 Advertisements
-
Advertisement51 1977-06-27 6 r m e H I i > I m ph-buh *r-# ysv"^ mijEJi? 4:<> r K- A f £.m& ><,* %> *v lt> f '1 ty'.i 7 Ct& *:>' i_> r y —Ti •-'?,;i;^r. < -<- X->?»- <*C r: i r *r-£L 2£s Kkd «U iff W' V: "J|«? <*"51 words
-
-
INTERNATIONAL STOCK MARKETS
-
Article477 1977-06-27 7 TOKYO: Share prices closed higher on Saturday with active selective buying more than offsetting profit-taking, dealers said. The Dow-Jones average gained 13.76 to close at 4.990.99 with volume 130 million shares. The new Index closed at 378.98. up 0.86. Pharmaceuticals led the market with Sankyo adding 14 to a477 words
-
Article304 1977-06-27 7 AMSTERDAM: The market was mixed in dull trading on Friday with Dutch internationals on balance slightly easier, although Hoogoveng was unchanged and Royal Dutch rose 0.50 guilders on news of a major oil find tn the UK sector of the North Sea. Shippings were mostly firmer, but Ommeren and304 words
-
Article160 1977-06-27 7 BRUSSELS: The market was higher in active trading on Friday, encouraged by the recent cut In the Belgian bank rate, dealers said. Societe Generate was the only notable fall among local Issues while rises Included Uaerg, Hoboken, Clabecq, Conotra, Finoutremer and Arbod. German Issues and most Dutch stocks fell160 words
-
Article288 1977-06-27 7 FRANKFURT: Shares closed mostly weaker In quiet trading on Friday with the disappointing 1977 results so far by AEO and Basf contributing to the tone, bourse sources said. Baaf closed at 153.8 marks against Thursday's 158 60 and AEG was at 92.3 95.2) BBC fell 1.80. Siemens 1.40. Banks288 words
-
Article156 1977-06-27 7 MILAN: The market closed at the day's highs In active trading on Friday, dealers said. Italcementi closed sharply higher at 11,330 lire from 10,250 in firmer industrials after the Bastogl sale of its shares. Baatogi also firmed to 574 lire from 555. Fiat, Montediaon, and all other leading industrials156 words
-
Article331 1977-06-27 7 PARIS: The market was mostly narrowly mixed on Friday although some shares advanced strongly, notably banks such as Credit National and UCB, dealers said. The point fall In call money to 8% per cent gave the market some encouragement, they said. Carrefoar, Aquitaiae and fVogeot were strong point, as331 words
-
Article315 1977-06-27 7 ZURICH: The market was irregular on Friday with Schweizerlsche Kredltanstalt shares closing sharply higher ahead of the day's extraordinary general. Its bearer shares rose 90 francs to 2,040 while itsregiatered gained 16 francs to 378 on heavy demand after Thursday's decline, dealers said. Other banks were generally slightly higher315 words
-
Article393 1977-06-27 7 JOHANNESBURG: Some gold shares were slightly higher in quiet trade on the stock,, exchange on Friday reflecting bullion advices, dealers said. Heavyweights, however, lost ground on balance while marginal and speculative Issues gained from three to 10 cents. Financials minings were unchanged to a fraction lower in small trade.393 words
-
Article306 1977-06-27 7 TORONTO: The market closed broadly higher in moderate to busy trade on Friday with oil and gas and consumer products Issues leading the index advance. Ten of the 14 sub-indices rose and four were lower. Advances outpaced declines 250 to 137. Whonnock A added to 10% on higher first306 words
-
Article1128 1977-06-27 7 NEW YORK: Stocks closed moderately higher across a broad front In active trading on Friday. Analysts said Investors were pleased by the Federal Reserve report of a US$7OO million drop In the money supply because It meant the Fed could ease monetary policy a notch, reducing pressure on1,128 words
-
Article1293 1977-06-27 7 On June 24 CHICAGO Board Options Exchange volume was 121,734 contracts on Friday, Including 4,276 puts, up from 108,179 with 3,164 puts on Thursday. No puts but 439 calls advanced, while 15 puts and 87 calls declined. OPTION JLY OCT JAN STOCK Alcoa SO 41/a >1/4 l/«1,293 words
-
Article62 1977-06-27 7 FINANCIAL TIMES INDUSTRIALS Friday 449.6 Thursday 444.9 Week Ago 441.8 DOW JONES AVERAGE INDUSTRIALS Friday 929.70 Thursday 925.37 Week Ago 920 45 LONDON DOLLAR PREMIUM Friday U3 to 113% Thursday 113 to 113% H.K. HANG SENG Friday 436.43 Thursday 437.21 Week Ago 439.76 SYDNEY INDUSTRIALS Friday 374.16 Thursday 372.9462 words
-
145 1977-06-27 7 BUSINESS TIMES INDUSTRIAL GROUP INDICES (BASE YEAR: JANUARY 4, 1971 100) i on Wesfc «aM Hick Lm Ia4aetrial Qreap IT/8 U/% POINT CHANGS 210 50 145 90 Automotive 181.88 182.24 +0.86 406.57 962.93 Banks, Insurance, Finance 379.68 888.88 -0.78 and Trustee* ***** 135 SO Chemical*. Rubber Product*. 148.68 147.88 +1.M145 words
-
476 1977-06-27 7 THE old adage, "what goes up must come down," didn't hold true for the New York stock market last week. It sustained its halfhearted late spring rally into the first week of summer, with the Dow Jones industrial average closing on Friday at476 words
-
Article224 1977-06-27 7 TOKYO, Sun. The Tokyo stock market made a repeat of last week's performance this week. The market slipped down In the first half, but scored gains three days in a row in the latter half. Institutional investors continued to set the pace, but trading remained224 words
-
-
Page 7 Advertisements
-
Advertisement58 1977-06-27 7 MONDAYS, WEDNESDAYS and FRIDAYS from Singapore. TUESDAYS and SATURDAYS from Bangkok. >-*- VfWsf*l MAM «h 7 KLM friendly, helpful, efficient, reliable. The sort of airline you'd expect from a wonderful country like Holland. > x» > 0 KLM ROYAL DUTCH AIRLINES G2 Mandarin Hotel Arcade, Orchard Road. Singapofe 9. Tel:58 words
-
-
COMMODITY REPORTS AND PRICES
-
Article193 1977-06-27 8 LONDON, Sun. Terminal closed quiet on Friday, mostly 0.30 pence higher to 0.60 pence lower against Thursday night. Volume was seven lots at five tonnes and 144 lots at 15 tonnes with no further options traded during the afternoon. Market sources noted that the July position has193 words
-
Article45 1977-06-27 8 JaaaZl Jw—B *mmn JaiN June 25 •Tin: 11.447 •1,458 >1.440 •1.440 81.400 81.440 Tonne: 322 107 175 IX 111 ISO t Rubber (8) t Rubber (If) 180.*) 188 50 1M.75 188.25 107.00 100.50 189.75 117.75 180.50 100.00 per plcul tcenu per kilo45 words
-
Article172 1977-06-27 8 THE Straits tin priee In Penang on Saturday fell $10 to $1,440 per picul on an official offering up 29 tonnes to 150 tonnes. In LONDON on Friday, tin on the day rose by £23 for Cash and £9 for Three Months in both contracts. The market held172 words
-
Article284 1977-06-27 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICL'L ON SATURDAY. Coconut Oil: Bulk MS sellers, old drum $90 sellers, new drum $95 sellers. Copra: Mixed (loose) UK/Cont. $55 buyers. Pepper Muntok AST A white f.o.b. 100% NLW $400 sellers. Sarawak white f o b. 96% NLW $380284 words
-
Article68 1977-06-27 8 C.I.F. Rotterdam prices quoted in London on Friday in US dollar* per ton Malaysia 5* ffa bulk Aug/Sep Sumatra 5* Jun July Aug Sep Nov Dec Jan Sterling per long ton maay unq unch art MI S62.90slr JTOalr unch unch unch no. unq ttSalr 610slr Mfialr 573-SOpd MTSOpd68 words
-
Article34 1977-06-27 8 LONDON, Sun. Lead on Friday lost mostly £0.75. The market reflected the movements in copper with Three Months trading from €344.50 in the Ring upto €348 on the Kerb. Sales were 1350 tonnes.34 words
-
Article35 1977-06-27 8 LONDON, Sun. Zinc was mostly £1 up on Friday. There was no fresh feature with Three Months edging up from £334.50 in the Ring to £337.50 on the late Kerb. Sales were 1700 tonnes.35 words
-
Article484 1977-06-27 8 Source: Swiss Bank Corp. Zurich THE kHob&r opened higher on Saturday In the Singapore gold market at $11,270 and strong buying interest firmed prices to close at the high of $11,300. Trading was active. The loco London gold market, opened in line with overnight closing in the US atSource: Swiss Bank Corp. Zurich - 484 words
-
Article425 1977-06-27 8 LONDON, Sun. Futures closed easier on Friday £277 to 1235 per tonne down on Thursday night. Volume was 4641 lots including 21 options. Dealer liquidation and stoploss selling during the final session made for the easier close. The biggest loss was In Sep at a mid price of €2392425 words
-
Article335 1977-06-27 8 LONDON, Sun. Copper wlrebars on Friday gained £2 per tonne for Cash and £1 for Three Months. The market continued to move in sympathy with US futures with a boat of early liquidation taking Three Months down to £801 per tonne before pre-weekend covering reversed the trend. Three Months335 words
-
Article270 1977-06-27 8 LONDON, Sun. On Friday, spot silver closed a penny up on the previous day's close at 259/260 pence per ounce having dipped to 258 during the afternoon session. Turnover was small, dealers said. Three Months was 70 points higher at 264/265 pence. Silver finished with minor losses of 0.2270 words
-
Article247 1977-06-27 8 BANGKOK, Sun. Fairly quiet conditions prevailed last week with no business reported In the government or private sectors, trade sources said. A Senegalese mission has arrived here for negotiations on the price of 50,000 tonnes AAA One Special. Senegal early this year agreed to buy from Thailand. Last March247 words
-
Article199 1977-06-27 8 CHICAGO, Sun. Soybean futures recovered extensive losses on Friday to finish on the plus-side with gains of 3 1/2 to 17 cents a bushel. Prices fell sharply at the opening and old crop months posted limit losses on liquidation and speculative selling prompted by the larger than expected USDA199 words
-
Article170 1977-06-27 8 CHICAGO, Sun. Wheat futures finished with losses of one to 1 3/4 cent a bushel on Friday, closing In the middle of a narrow trading range. Prices fell Initially on selling prompted by the USDA stocks report and losses in other pits. Although harvesting delays because of heavy rains170 words
-
Article204 1977-06-27 8 LONDON, Sun. Futures closed £0.10 down to £0.89 up after holding steady In a narrow range throughout a very quiet Friday afternoon. Turnover was boosted to 3,106 lots by large block self-trades of 1,400 lots In Oct and 1,300 lots in Dec. Call options comprised 20 Aug premium £2.25204 words
-
Article181 1977-06-27 8 LONDON, Sun. Futures closed £13 higher to £33 lower on sales of 3534 lots on Friday. Dealers said prices moved irregularly lower during the afternoon under profittaking and booksquaring which was fairly well absorbed on a scaledown basis. Call options comprised one Sep premium £320 basis C 2768, puts181 words
-
751 1977-06-27 8 PRODUCE dealers in Singapore last week plodded through another dull trading period for want of overseas interest. Throughout the week, trading was characterised by the wide differences in price ideas. Price wise, the week ended on a mixed note with coffee once again proving751 words
-
Article182 1977-06-27 8 Reuter BANGKOK, Sun. Thailand's current maize crop is expected to yield 2.5 million tonnes, according to a preliminary survey compared with a preliminary estimate of three million tonnes for the previous crop which actually yielded 2.7 million tonnes, survey team sources said. The current maize cropReuter - 182 words
-
-
MONEY AND EXCHANGES
-
Article168 1977-06-27 8 THE US dollar started slightly stronger on balance last week at 2.4640-45 level against a background of favourable US economic news. It was traded to a high of 2.4645-47 after an upward revision of first quarter US real ONP growth to 6.9 per cent from 6.4 per cent and168 words
-
Article44 1977-06-27 8 fur au AKmmm Bank Citibank cv< Bangkok Bank 7 HSBC (H Bank of America Bank of China H T Indoauas CH m Rank of Takvo CM MiUut Bank (V, Bank Nafara OCBC «V. 7 OUB «V, «H UMBC ..7 DBS UOB44 words
-
Article276 1977-06-27 8 Asian rates TRADING maintained Its quiet undertone throughout last week with patchy business noted. Three months were well bid while sixes were offered. Short dates firmed slightly. Monetary growth for the week showed Ml and M 2 falling by $700 million each and NY business loan demand rising $600 million.276 words
-
Article256 1977-06-27 8 Source: Discount Co. of Singapore Ltd THE local money market showed a tightening trend since Wednesday, in contrast to the easy situation experienced during the earlier part of last week. Overnight rate firmed up significantly from 2Vfa per cent at the close on Monday to 5 per centSource: Discount Co. of Singapore Ltd - 256 words
-
Article39 1977-06-27 8 FOR the week ended Fridav June 24. the range of call rates received from Short Deposits (M) Berhad was as follows: BANK FUND 1* to GENERAL FUNDS: I%H \to 5*H Movements of funds totalled $275 million.39 words
-
Article323 1977-06-27 8 NEW YORK, Sun. The dollar closed substantially weaker on balance on Friday after a sudden fall here on news that the Organisation for Economic Cooperation and Development economically strong member countries will let their currencies rise, dealers said. The fall, in hectic but thin afternoon trading, was particularly323 words
-
Article371 1977-06-27 8 Source: Swiss Bank Corp, Zurich. THE dollar showed a weaker tendency last week while sterling was able to improve. Among continental currencies, the Swiss franc and the Dutch guilder lost some grounds. Owing to some quite favourable Economic news from the US (the first quarter QNP growth was revisedSource: Swiss Bank Corp, Zurich. - 371 words
-
Article116 1977-06-27 8 Euro rates LONDON. Sun. Eurodollar deposits continued to trade quiet through Friday with periods remaining basically unchanged around openings. The US money supply figures had virtually no impact, dealers said. End-of-month factors prompted Interest in shortdates. Seven days fix closed at 5 11/16 S 5/8 slightly up from the opening116 words
-
Article217 1977-06-27 8 LONDON, Sun. Scandinavian currencies remained weak on Friday afternoon though slightly above their mid-session levels amid fears they will be devalued, dealers said. They said the units were little traded this afternoon. as many operators have already taken positions. Devaluation fears were Increased with the day's market holiday In217 words
-
Article32 1977-06-27 8 FRANKFURT exchanges closing quotes on June 24 US 2.3536/46 Can 2.2210/30 UK 4.046/056 Neth 94.40/50 Switz 94.42/52 Italy 2.65/66 France 47.63/71 Japan 0.8650/60 Beig com 6.52/53 Belg fin 6.52/54 Norw 44.20/3032 words
-
Article88 1977-06-27 8 Source: Astley Pearce O/N market opened easy last week. However by the middle of the week there seems a tightening of funds. Overnight rate went as high as 7 per cent to close at 5 1/2 5 per cent. Term activities were seen In ones and threes. WithSource: Astley & Pearce - 88 words
-
-
Page 8 Advertisements
-
Advertisement150 1977-06-27 8 I*/ 0 g® 6 a£,;l l", i'yf N w 1 <iV fll> 1 m ss r <s-r/r-fS* W. *Tf >^V\\ V N> m W: •i W\* /j£ff M! <i. W -v vV>i VSN Pipe your tune, wetae got the ropes*. Whatever your rope specifications, for whatever purpose, you can find150 words
-
-
Article, Illustration1052 1977-06-27 9 CHRIS BRASHER - When hero Perry became a villain for turning pro By CHRIS BRASHER The Observer LONDON. Sun. We sat in his little green commentary box on the balcony of Queen's Club and I said that I'd come to see him because he was unique. IThe Observer; AP radio pic - 1,052 words
-
Article, Illustration1162 1977-06-27 9 RON ATKIN - By RON ATKIN BILL TILDEN, It is popularly agreed, was the best tennis player who ever lived. Yet he died in squalor, and a small stone in the family plot in Philadelphia is the only monument of any kind, anywhere in1,162 words
-
Article180 1977-06-27 9 UPI WIMBLEDON, Sun Jimmy Connors, who seemingly thrives on the hostility of British crowds, will lead a quarter-final lineup of four Americans into the second week of Wimbledon's Centennial Championships which resume on Tuesday with a classic centre court showdown between Chris Evert andUPI - 180 words
-
Article71 1977-06-27 9 Th« Maa'a ring!— quartar-flaala Hun: Cooort <U8) n Bvrea Bertram (8. AMm); McEhm (US) n Phil Dnt (Aoat); Gmkhk (US) Mutk (US); Bfan B«| (Biiilm), n m* Nuum (Bm—to). Tm whm'i iliflM quartir-datli Hup: Ckria Evert (US) n BUhe Jean Bh (I% Virginia Wade, (UK), vs Beafo CaaaL,71 words
-
Article506 1977-06-27 9 FORMER Singapore cricketer. John Martens, Is making good progress In another sport golf. John, representing Keppel Golf Club against Sembawang Oolf Club In the SOA Premier League at Buklt Chermln yesterday, shot a sizzling three-over-par 71. It was his personal best score at Buklt506 words
-
Article962 1977-06-27 9 HUGH McILVANNEY - By HUGH McILVANNEY ANOTHER experience of football In South America' has reinforced the belief that the first European nation to-win the World Cup on this side of the Atlantic will not do so by stealth, by creeping up on the locals with a stlye camouflaged962 words
-
Page 9 Advertisements
-
Advertisement56 1977-06-27 9 Executive Lunch Special \j.O il 4 5^ 1 i i*".V >*v Mondays Bouillabaisse Marseilles Tuesdays Roast Striploin of Beef Wednesdays Oxtail Stew Thursdays Roast Rack of Lamb Fridays Roast Rib of Beef Plus Bowl of Mixed Green Salad, Choice of Dressings. Price: $10.00 (plus 3% Government Tax) No Service Charge56 words
-
Advertisement761 1977-06-27 9 lujjgw AUTHORISED CAPITAL 20,000,000 20,000,000 shares of $1 each IBBUED CAPITAL 2.000.000 2,000,000 shares of $1 each RESERVES 700.000 Statutory reserve, note 2 56,485 Profit and loss account 2.756.485 32.004,367 5.407,795 37,412,162 539.940 37.952.102 1.624 7,500 236.817 240.000 38.438.043 41.194.528 CURRENT LIABILITIES Deposit repayable within twelve months Deposit repayable after761 words
-
-
342 1977-06-27 10 UPI WASHINGTON, Sun. President Carter, who has come under fire from leaders of Israel and its American supporters, will soon propose a US$ll5 million (Ss2B3 million) weapons sale to the Jewish state, UPI learned yesterday. The sale proposal, called a 'normal request' byUPI - 342 words
-
Article110 1977-06-27 10 Reuter LONDON. Sun. The London Stock Exchange said all jobbers have now decided that all their UK equity dealers will remain on the tradine floor tomorrow until 4.30pm local time instead of the normal 3.30pm close. Thereafter, they will go to their offices andReuter - 110 words
-
Article184 1977-06-27 10 UNITED NATIONS, Sun New UN figures show that between 1975 and 1976 the Soviet Union's trade with the United States rose by half from 137 million to 199 million roubles despite Congress, refusing the Russians equal US trade treatment with other countries in pressure184 words
-
Article32 1977-06-27 10 MEDELLIN (Colombia), Sun. Colombian President Alfonso Lopez Nichelsen said coffee producing countries were discussing how to avoid a sudden fall in prices when supply and demand were more evenly balanced.32 words
-
Article561 1977-06-27 10 ARRIVALS Service Local Operator Number Time From CPA CX003 0145 HKG SAS SK097 0640 CPH/THR/BKK MAS MH682 0810 KCH CPA CX710 1000 HLP SIA SQ211 1015 HLP GIA GA980 *1030 HLP THAI TG423 1035 BKK GIA GA908 1100 MES PAL PR501 1115 MNL SIA SQ240 1140 MES561 words
-
536 1977-06-27 10 NO FEWER than 140 MNCs (multi-national corporations) had together invested $3.58 billion in Singapore as at mid-1976. Disclosing this, the latest issue of the Mirror, a weekly almanac published by the Ministry of Culture, also says the MNCs are responsible for more than 50536 words
-
498 1977-06-27 10 THE LATEST newcomer to the mail order scene, Mohan's Department Store, reports brisk sales to Australians. Mail order already forms a very significant portion of total sales, says the manager of its mall order division. Mr. Tikam Ranee. Mohan's mail order business has only498 words
-
362 1977-06-27 10 SCHOLL is strenthening its foothold in Singapore by improving on both its product lines and marketing strategies. Its local agent. A.S. Watson (Singapore), has recently expanded the range of Schoil products to provide as complete a selection as possible from footwear, namely362 words
-
Article55 1977-06-27 10 A SEMINAR on small industries, Jointly organised by the Department of Trade. Singapore Manufacturers' Association and' Institute of Banking and Finance, Is scheduled for Wednesday. The one-day seminar will touch on the role of commercial banks, the DBS/EDB Small Industries Financing Scheme, preshlpment and postsnlpment financing, foreign exchange,55 words
-
Article77 1977-06-27 10 A SECOND annual conference sponsored by the Ready-Mixed Concrete Association of Singapore is being scheduled for Aug 25 and 26 with a view to further disseminating information and knowledge for the advancement and development of concrete technology and construction methods. Organised by COMPA International, the conference77 words
-
Article84 1977-06-27 10 THE NINTH Festival of Books and Book Fair will be opened by the Deputy Prime Minister and Minister for Defence, Dr. Goh Keng Swee. on Aug 26 at the Hyatt Hotel. According to the chairman of the book fair secretariat. Mr. S. Goplnathan. this year's84 words
-
Article98 1977-06-27 10 MANILA, Sun. Taiwanese President Yen Chla-kan has told visiting Philippine newsmen that his country wants to cooperate with members of Asean In their development. A report of the Interview with the visiting newsmen carried yesterday by the Philippine Dally Express newspaper, whose reporter Miguel Genovea98 words
-
580 1977-06-27 10 FOREIGN Institutional investors in US stocks will switch their attention to European markets if the Securities and Exchange Commission pushes through a proposal hotly opposed by Wall Street brokers. If carried out, this proposal will arm the SEC watchdog of the US securities580 words
-
Article392 1977-06-27 10 LOCAL manufacturers can penetrate the Japanese market by a number of approaches, according to the Department of Trade in its latest commercial bulletin. Manufacturers can continue to give mass exposure of their products in specially selected trade exhibitions and in leading departmental stores, aimed principally392 words
-
Page 10 Advertisements
-
Advertisement146 1977-06-27 10 ESTABLISH A NAME FOR YOURSELF. WITH ONE OF OtIRS. When you cony names like Pierre Cardtn. Lanvm and Bally you can't help but do a little namedropping After all. these famous jEV houses represent the finest menswear and accessories anywhere And if you'll allow us a little further selfirxjulgence. we'd146 words
-
Advertisement73 1977-06-27 10 Taste the difference in TSINGTAO BEER! Tsingtao beer is distilled from the sparkling mineral waters of Mount Lao&han in China. There's abundant goodness bottled up e g finest barley and hops and mineral waters. Come, taste the difference in Tsingtao beer. Available in all Emporiums ini>in 640 ml p t»me73 words
-