The Business Times, 28 June 1977
1977-06-28
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The Business Times
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Title Section10 1977-06-28 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, JUNE 28, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article66 1977-06-28 1 AFP JAKARTA, Mon. The Indonesian Chamber of Commerce and Industry (Kadln) has called on Singapore to reopen cattle trade with Indonesia. It has also requested Indonesian authorities to impress on other Asean member countries the fact that there were no cattle diseases In the lesser Sunda Islands,AFP - 66 words
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Article61 1977-06-28 1 Stamping out corruption Reuter GENEVA, Mon. A United Nations group begins a week long meeting today to seek international agreement on stamping out corrupt practices In International trade. The 18-natlon group was set up last August by ihe UN Economic and Social Council (Ejcosoc) to examine "corrupt practices, In particularReuter - 61 words
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Article47 1977-06-28 1 Reuter PARIS, Mon. Four Western Industrialised nations agreed here today to carry out three years of research together Into energy conservation. Britain, Sweden, Switzerland and the United States concluded a US$l.2 million (552.9 million) agreement on the Joint programme, the International Energy Agency said. ReuterReuter - 47 words
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Article64 1977-06-28 1 AFP LUXEMBOURG, Mon. Ministers and representatives of employers and trade unions in the European Economic Community met here today to work out a common approach on how to fight unemployment and inflation. The 160 participants In the meeting were expected to find it hard to reconcile the sharpAFP - 64 words
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Article71 1977-06-28 1 AP GENEVA, Mon. The European Economic Community has warned textile exporting developing countries It will Introduce Import quotas next year unless a new textile trade agreement Is worked out to the Community's satisfaction, EEC sources reported today. The warning was contained In a community position paper forAP - 71 words
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Article64 1977-06-28 1 AP NICOSIA, Mon. Saudi Arabia has lent General Motors Acceptance Corporation US$2OO million (***** million), the Middle East Economic Digest (MEED) reported today. The loan notes carry a coupon of 7.37 per cent, it said. Maturity is split, with $50 million due In April 1982, another $50AP - 64 words
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Article72 1977-06-28 1 NEW YORK, Mon. Stocks were mixed early today In fairly active trading. Blue-chip Issues were under selling pressure. The Dow Jones Industrial average, a 4.33-point winner last Friday, was off 3.22 points to 926.48 shortly before the first hour of trading. The average gained 9.24 points overall last72 words
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Chief Price Changes
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Article, Illustration170 1977-06-28 1 MOST shares closed mixed after a day of irregular trading on the Stock Exchange of Singapore yesterday. Small losses were recorded across the board in the lighter trading. The Business Times index yielded 1.88 points at 312.80 and the Straits Times Industrial index shed 0.37 point at170 words
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Article111 1977-06-28 1 Rites Most active Sel Dredging Tronoh 5.80 30 Pacific Dev. 284.000 4 08 .30 C. Securities 229.000 Y H.S. 1.90 .26 M'sia Rice 189.000 T#»mprlnh 2 37 .22 Randar Rava 182.000 Boustead 1.78 D Keramat 6.80 M Rice 140 F Cables 106 Tongkah 1.82 A Amal 3.92111 words
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1207 1977-06-28 1 LEE HITS OUT AT WEST IN A hard-hitting speech at the opening of the Asean Economic Ministers' Conference yesterday, the Prime Minister, Mr. Lee Kuan Yew, called upon the association to coordinate import policies to close their consolidated markets to those who unreasonably and unilaterally1,207 words
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Article141 1977-06-28 1 AFP KUALA LUMPUR, Mon. The feasibility study on the setting up of an EEC-Asean promotion centre in Europe will be finalised by Aug. 15, the consultant to the study said. Mr. Jansen of International Prospecting and Trade limited in Belgium, told reporters on arrival here from BangkokAFP - 141 words
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668 1977-06-28 1 MALAYSIA has outlined several options which it could take in retaliation against trade restrictions imposed on her by the Australian government. Speaking to newsmen before leaving Kuala Lumpur for the Asean Economic Ministers' meeting in Singapore, Tan Sri Nasruddin bin Mohammed, director general668 words
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Article179 1977-06-28 1 UPI WASHINGTON, Mon. The United States registered this year's smallest trade deficit In May, US$l.2 billion (552.9 billion), as oil Imports declined by 17 per cent, the Commerce Department said today. The deficit has grown dramatically during the first five months of the yearUPI - 179 words
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Article114 1977-06-28 1 THE International Monetary Fund has announced Its next gold auction for July 6 will again comprise 525,000 ounces. Bid deposit* may now be paid by wire transfers to the IMF trust fund cash account with the Federal Reserve Bank Of New York, to be received before114 words
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294 1977-06-28 1 AP NICOSIA, Mon. Libya and Algeria will raise quality-freight premiums for their crude oil from US2S cents to 28 cents (S6l to 68 cents) a barrel for the third quarter of 1977, the Middle East Economic Survey (Mees) reported today. The purpose of theAP - 294 words
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Article31 1977-06-28 1 UPI TOKYO, Mon. Reflecting slow business recovery, sales by major Japanese firms registered a mild annual growth for the January-March period of this year, the Finance Ministry reported UPIUPI - 31 words
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386 1977-06-28 1 WITH a big boost from the sale of sites, the Urban Redevelopment Authority saw net revenue almost quadrupling to $16.9 million in the year ended March 31, 197*7. In the previous financial year, net revenue came to $4.7 million. Net premium from sale386 words
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Article160 1977-06-28 1 SIME Darby Holdings has acquired an insurance underwriting company for C 53,848.19. (*****.316), The company. Amalgamated General Insurance, is incorporated in Bermuda but has not as yet traded. The purchase price is at a premium above the paid-up capital of the company which is £50,000 divided160 words
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Page 1 Advertisements
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Advertisement52 1977-06-28 1 @Wiyfbong MAF A lending hand when Wayfoong Mortgage you need and Finance (Singapore) Limited 11 IllOSi Shaw House. Ground Floor. 354 Orchard Road. Singapore 9. Tel: *****7. Oversea* Newt/ TV Radio Overseas News Local Co News International Co News Local Stocks Overseas Stocks Commodities Transport ft W Communications Features {J®52 words
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Advertisement59 1977-06-28 1 You can buy almost anything now and arrange payments to suit your personal budget. For further details, write to our Accounts Department for a brochure. 0 I!()P> \S( S SPECIALISTS' SHOPPING CENTRE Orchard Road Singapore 9 Tel: *****2 Mom Tuts Mfeds ft Fti 9.45 am to 6.30pm Thurs ft Sats59 words
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Advertisement232 1977-06-28 1 U-BIX COMPLETE COPYWG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE T»l *****2 (5 Lines) APS ELECTRONICS (M) SDN BHD KUALA LUMPUR T* *****/*****/***** OFFICE SUITES FOR RENT Enjoy stunning views from prominent riverside building Economy end quality Cecil Street prestige new building Superb location Shenton Way Suite sizes from 85 sq.m.232 words
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OVERSEAS
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280 1977-06-28 2 AFP NEW YORK, Mob. Panamanian Government chief General Omar Torri)o* has hinted to US negotiator! that he plan* to ash the US for a billion-dollar development programme and for $300 million (SS73B million) a year rent for using the Panama Canal,AFP - 280 words
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Article99 1977-06-28 2 AFP NEW DELHI. Mon. Industrial exports are likely to suffer a slump because of a continuing power shortage and poor industrial relations, a spokesman of the Engineering Export Promotion Council said today. The spokesman warned that unless the problems were resolved. Indian exporters would notAFP - 99 words
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468 1977-06-28 2 UPI Reuter TOKYO, Mon. Prime Minister Takeo Fukuda said today his Government would try to attain a 6.7 per cent economic growth at all costs this year. Speaking at a news conference in Kofu, about 110 kms north of Tokyo. Mr. Fukuda predictedUPI; Reuter - 468 words
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111 1977-06-28 2 Reuter TOKYO. Mon. Isuzu Motors Ltd said it hopes to resume car exports to the US from September, pending clarification of President Carter's energy conservation policy. Exports were suspended in April to reduce increased inventories, which have now fallen sharply, it said. Additional carReuter - 111 words
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Article76 1977-06-28 2 AFP TOKYO, Mon. Mr. Sumitomo Shoji, a leading Japanese trading firm, announced today that it and Nipponkai Heavy Industry, a Japanese shipbuilder, have Jointly signed a 2,000 million yen (SslB million) contract to export a lime clacination plant to National Iranian Steel Industries (Nisic). The plantAFP - 76 words
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Article110 1977-06-28 2 Reuter HONGKONG. Mon. The Nedlloyd group said it has won a contract to transport and deliver all the materials needed by Ogem B.V. of the Netherlands to build a town in Saudi Arabia. Nedlloyd did not give the value of the transportation contract but noted the costReuter - 110 words
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Article361 1977-06-28 2 AP TOKYO, Mon. Following a number of other countries, Japan will impose a 320-km fishery zone on July 1. But policing it presents difficulties. The Japanese Coast Guard cbnsists of an 11,188mmber Maritime Safety Agency (MSA), designed to look after the country's old, five-km territorialAP - 361 words
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Article198 1977-06-28 2 UPI WASHINGTON, Mon. Transportation Secretary Brock Adams announced yesterday he will require American car manufacturers to Improve petrol efficiency in cars by about 3.2 km per four litres each year through the mid-1980s. Mr. Adam's announcement filled a gap left by Congress whenUPI - 198 words
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Article139 1977-06-28 2 Reuter BANGKOK, Mon Thai teak exports during the first five months of this year fell to 18,940 cubic metres valued at US$9.5 million (SS23 million) from 30,091 cubic metres worth $15 million during the same period last year. Thai Timber Exporters Association statistics show.Reuter - 139 words
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217 1977-06-28 2 Reuter WASHINGTON, Mon. The US Congress Office of Technology Assessment said In a report President Carter's assessment of the world energy crisis Is accurate, but his solutions perhaps not strong enough. "The actions proposed in the plan may not be strong enough toReuter - 217 words
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311 1977-06-28 2 AFP KUWAIT, Mon. There will be a "surprise" development within a few days over an agreement to end the two-tier price system for crude oil, Kuwaiti Government spokesman Abdel Aziz Hussein predicted here yesterday. Mr. Hussein, who is a Minister ofAFP - 311 words
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335 1977-06-28 2 NYT NEW YORK. Mon. May orders for new machine tools in the United States edged ahead of April's by 5.3 per cent and reached U*****.2 million, (***** million), the National Machine Tool Builders Association reported over the weekend. However, domestic orders at $234.7NYT - 335 words
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Article101 1977-06-28 2 AFP WASHINGTON, Mon. The Anglo-French Concorde should be. allowed to carry out services for a trial period to US airports other than Washington's Dulles Airport, federal Transportation Secretary Brock Adams said here today. He was answering questions on CBS television programme, "Face the Na- tion".AFP - 101 words
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Article285 1977-06-28 2 NYT WASHINGTON, Mon. The United States concluded new accords this month on trade and economic relations with East Germany, which is listed as ninth among the world's most productive industrial countries. The emphasis in the agreement, signed on June 16, is on petrochemicals, electronics, machine tools,NYT - 285 words
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438 1977-06-28 2 AP NEW YORK. Mon. The rebounding US economy should complete Its full recovery over the next 18 months, and by the end of 1978 should approach practically full employment and full use of plant capacity, according to a forecast by Fortune Magazine.AP - 438 words
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256 1977-06-28 2 AFP DAMASCUS, Mon. Syria plans to surround Its desert area with a 110,000-hectare green belt to stop desert encroachment. Agriculture and Agrarian Reform Minister Ahmad Kabalan said here yesterday. Speaking at the opening of a preparatory conference on the spread ofAFP - 256 words
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218 1977-06-28 2 NYT DIGBY (Nova Scotia). Mon. United States and Canadian officials have Indicated that a boundary dispute created by the declaration of a 320-km fishing limits might have to be decided by a third party to avoid serious friction In relations. The disputedNYT - 218 words
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Article99 1977-06-28 2 AFP NEW YORK, Mon. South Korean businessman Tonesun Park, who allegedly orchestrated illicit Korean payments to US politicians, took advantage of his role to swindle the Seoul Government, Time magazine charged in its latest issue. The news weekly alleged that Park, who now lives in London, usedAFP - 99 words
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279 1977-06-28 2 Reuter HONGKONG, Mon. South Korea's ExportImport Bank (Exim Bank) has negotiated a US$l5B million (Ss3B9 million) borrowing to enable South Korean shipyards to complete 21 vessels for shipowners In Scandinavia and Canada, Scandinavian Bank Ltd said. The deal involves the purchase,Reuter - 279 words
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Article410 1977-06-28 2 AP CARACAS, Mon. President Carlos Andres Perez leaves for Washington later today to talk with President Carter about Venezuelan oil sales to the United States and tariff restrictions resulting from the oil bargo Venezuela didn't participate in. The Venezuelan President said that during his two-dayAP - 410 words
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Article43 1977-06-28 2 NEW YORK, Mon. The new government of Spanish Premier Adolfo Suarez fears that If Spain Joins the European Common Market (EEC). Its industry would be swamped by competition from more prosperous European countries, reports Newsweek In its forthcoming issue. AP43 words
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201 1977-06-28 3 AFP BERNE, Mon. The Swiss, reputed to know thing or two about financial matters, have been losing money making money. The villain of this curious piece is the humble centime one-hundredth of a Swiss franc, worth four-tenths of an American cent. The troubleAFP - 201 words
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Article151 1977-06-28 3 Reuter LONDON, Mon. Foreign currency advances by banks in the UK to local residents rose C 616 million (552.587 million) to C 10.89 billion In the quarter to May 18 from C 10.27 billion, figures published by the Bank of England show. However, after adjustments forReuter - 151 words
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Article99 1977-06-28 3 Reuter KUALA LUMPUR, Mon. Bank Negara Malaysia said Its gold and foreign exchange reserves fell to M 56.40 billion on June 15 from $6.51 billion on May 31.'compared with $6.07 billion on May 14. Its fortnightly balance sheet showed total assets fell to $7.27 billion ($7.30 andReuter - 99 words
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Article56 1977-06-28 3 AFP HONGKONG. Mon. A group of Australian livestock breeders has made an extensive tour of farms and communes in China following business talks in Peking. This was reported today by New China News Agency which said that the group, led by Mr. D.S. Keyser, left the Chinese capitalAFP - 56 words
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490 1977-06-28 3 AP LONDON, Mon. Sotheby's auction house, which in 240 years of business has sold everything from Rembrandt's Aristotle to Shirley Temple's teddy bear, is putting itself up for bids. The firm announced yesterday that 3.85 million shares will > go on sale on ThursdayAP - 490 words
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540 1977-06-28 3 Reuter KINGSTON, Mon. An emergency production plan has been launched in Jamaica to help ease the Caribbean state's worst economic crisis in 15 years of independence. The aim is to boost food production and exports. Under the plan, the government has said anReuter - 540 words
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417 1977-06-28 3 AP WASHINGTON, Mon. The US Government's Freedom of Information Act Is causing a major problem for government agencies that are trying to decide what information they are free to disclose. There is also a problem for businesses, which sometimes discover the federalAP - 417 words
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181 1977-06-28 3 AFP TOKYO, Mon. Japanese insurance companies are stepping up their investments in foreign risks and bonds to minimise risks when a devastating earthquake hits Tokyo, the Kyodo News Service reported today. Kyodo said leading the rising overseas portfolio investments are life insurance companies which haveAFP - 181 words
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977 1977-06-28 3 NYT NEW YORK, Mon. The United States Customs Service Is Investigating more than 100 multinational corporations that- are suspected of. or have admitted, secretly transporting large amounts of cash In or out of the country, according to Customs officials. Many of the casesNYT - 977 words
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Article77 1977-06-28 3 Reuter STOCKHOLM, Mon. Nobel Economist Laureate Milton Friedman said in an interview published here Sweden should leave the European currency joint float and let the crown float freely. Mr. Friedman, quoted in the newspaper Dagens Nymeter, agreed with Economy Minister Goesta Bohman that despite its 25Reuter - 77 words
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Page 2 Advertisements
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Advertisement82 1977-06-28 2 LISTEN YOUR WAY TO PERSONAL SUCCESS! M Timeless cassette messages from the masters of motivation will show you how t0... maximize and expand your income discover your hidden wealth-producing talents motivate yourself to profitable action gain control over your professional and personal future realize better physical and emotional health INSTITUTE82 words
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Page 2 Miscellaneous
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Miscellaneous26 1977-06-28 2 Bristol 7^-kD 35 512 I sBp Ft QucSt rpnLf<2G. To fiE^D 'BRiTtSH Hi SfteD B=*L CGGCGT DEH^yS 1 BT F»FT>/ VftRDS SHPIU I GO O 726 words
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Miscellaneous291 1977-06-28 2 THE WEATHER WEATHER report tor 24 hours prior to 7.30 p.m. on June 28 at Singapore airport. Maximum Temperature Associated Humidity Minimum Temperature Associated Humidity Hours of Sunshine Rahrfhll in Millimetres Total Rainfall for the Month Total Rainy Days for the Month SINGAPORE 5 3.00 PM Opening announcements followed by291 words
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Page 3 Advertisements
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Advertisement201 1977-06-28 3 How well do you know your Australian Birds? The Qantastic 'OnestoptoLondon'bird. Every Monday,Tuesday,Thursday, Saturday at 9.45 pm .j l 00ltt& ip., v- y~v o c IPs MH£k< &/t m< >V 7. 11vm Qantas introduces a very special bird to Singapore. The Qantastic 'One Stop to J£T London' bird. Taking off201 words
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650 1977-06-28 4 IN TERMS of earnings per share. South-east Asia Development Corporation has no equal among the companies listed In the finance sector of the stock markets In Singapore and Kuala Lumpur. Although reported group pre-tax profit for the year ended Jan 31. 1977 rose650 words
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Article641 1977-06-28 4 Current payment Ex Date Date payable Total for the year Total for previous year H'land ft L'laad Petaling Tin GuinocM Malaysian Containers Straits Trading Kramat New Streodtk N.S.O.P. Tan Chong 8TP(lf76) Tren|(anu Loan Times Publishing Incbcape Inchcape Lou Harper Gilflllan Loan Sbne Lou 15% 17.5%I 12.5HI 20% 18%641 words
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Article, Illustration16 1977-06-28 416 words
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346 1977-06-28 4 BUOYED by a three-fold increase in pre-tax profit to M 51.58 million last year, Malaysian National Reinsurance has declared a maiden dividend of eight per cent. Chairman Enclk Abdul Rahman Hamldon said the company, a 50 per cent Pernas Joint-venture with local insurance companies. Is346 words
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COMPANY MEETINGS
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Article21 1977-06-28 4 THE following company meetings are due: June 28, 12 noon, 9th Floor, UIC Building, Shenton. Singapore 1.21 words
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Article17 1977-06-28 4 June 28, 11 a.m., Registered Office, 7th Floor, AIA Building, Jalan Ampang. Kuala Lumpur.17 words
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16 1977-06-28 4 June 28, 10 a.m., North Klang Straits Industrial. Area, Port Klang.16 words
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Article13 1977-06-28 4 June 28, 10 a.m. 918, Lavender Street, Singapore 12.13 words
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Article23 1977-06-28 4 June 28, 10 a.m., Re- gistered Office, Room 1208, 12th Floor, Wlsma MPI, Jalan Raja Chulan, Kuala Lumpur.23 words
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Article22 1977-06-28 4 June 28, 10.30 a.m., 4th Floor, Bangunan MIDF, 117 Jalan Ampang, Kuala Lumpur. T a! 1. n. If.22 words
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22 1977-06-28 4 June 28, 10.30 a.m., at the Johore Hotel, Ground Floor, No. 69 Jalan Ibrahim Sultan, Johore Bahru.22 words
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Article20 1977-06-28 4 June 28, 11.30 a.m., Registered Office, 20th Floor, Straits Trading Building, 9 Battery Road, Singapore.20 words
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Article14 1977-06-28 4 Highland Lowland Bhd.: June 28, 12 noon, at Anggerek Room, Hotel Equatorial, Kuala Lumpur.14 words
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Article15 1977-06-28 4 June 28, 12 noon, 1016 Muklm 1, Jalan Bahru, Pral, Province Wellesley.15 words
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Article19 1977-06-28 4 June 28, 12 noon, at the Conference Room, 19th Floor, Apollo Hotel, Havelock Road. Singapore.19 words
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Article17 1977-06-28 4 June 28, 12 noon. Cempaka Room, Hotel Equatorial, Jalan Sultan Ismail, Kuala Lumpur.17 words
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23 1977-06-28 4 June 28,12 noon. ymLMiy UIIU.. u UMC c.u, iaiiwu, Registered Office, No. 64-A, Jalan Buklt Blntang, Kuala Lumpur.23 words
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Article36 1977-06-28 4 June 29, 11 a.m., Registered Office, Keppel Shipyard Administrative Building, 325 Telok Blangah Road, Singapore 4. Haw Par Brothers International Ltd.: June 29, 12 noon. Mandarin Court D, at the Mandarin Hotel. Singapore.36 words
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Article38 1977-06-28 4 Mr. Anthony S.C. Teo has been appointed executive director and principal of SGV-Goh Tan, the firm of management consultants. Mr. Teo held senior appointments In commercial and merchant banks before taking up his present post.38 words
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Article146 1977-06-28 4 KUALA Lumpur Kepong Group pre-tax profit M 516.98 million ($9.03 million) for the first halfyear ended March 31, 1977. Profits Include Investment income $1.65 million ($1.02 million). Gross sale $52.43 million ($33.93 million). Average rubber price realised 117.57 cents per lb (85.58 cents), palm oil $967.26 per ton146 words
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518 1977-06-28 4 KUALA LUMPUR, Mon. Increased output and higher prices in the rubber and oil palm sectors helped the Multi-Purpose Cooperative Society (KSM) to realise a net profit of M 5466.000 in 1976. despite heavy losses by its super/mini -markets section which drew heavy criticisms from518 words
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Article54 1977-06-28 4 C.K. TANG has Incorporated a new wholly-' owned subsidiary, Clinton (Pte) Ltd., to deal In wholesale general merchandise. The company says the subsidiary %has an authorised capital of three million $1 shares and two subscriber shares are held by its nominees, Mr. Ee Peng Liang and54 words
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Article28 1977-06-28 4 EMPAT NOMBOR EKOR has changed its name to Magnum Corporation. The company says shareholders passed a special resolution at Its EOM on June 2 making the change.28 words
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Article1050 1977-06-28 4 R.J. COLE - By R.J. COLE NYT "WHAT would you have done," the lawyer asked, "if you had been In Xerox's shoes?" There they sat four housewives, four clerks, a school-crossing guard, a nurses aide, an- unemployed cashier and three male factory workers. These are the 11NYT - 1,050 words
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532 1977-06-28 4 NYT NEW YORK, Mon. Sunshine Mining, operator of the Nation's largest silver mine In Northern Idaho, has an ally at least indirectly in the Idaho attorney-general. The official, Mr. Wayne Kidwell, is suing on behalf of the state to prevent Great Western United fromNYT - 532 words
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Article654 1977-06-28 4 STEPHEN AUG - By STEPHEN AUG TOP management at General Foods learned a lesson last Thursday that conservative businessmen have been preaching for years: Don't predict your earnings, even if you're sure. It also learned that investors do not like uncertainty. and that Wall Street does not like654 words
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Page 4 Advertisements
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Advertisement191 1977-06-28 4 Give usa man foramonthwe'll give him a language for life inlngua now the largest group of language schools in the world offers a range of intensive language courses specifically designed for the busy executives whose work and position require them to attain a high degree of proficiency in a language191 words
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INTERNATIONAL COMPANY NEWS
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Article153 1977-06-28 5 UK COMPANIES Reuter HARRISONS AND CROSFIELD plans considerable capital spending in the current year and for some years ahead, chairman Mr. J.F.E. Gilchrist said in the annua) report. The spending will mainly be to develop industrial divisions. particularly British Chrome and Chemicals and the Durham ChemicalReuter - 153 words
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Article39 1977-06-28 5 Reuter HOLYROOD RUBBER said that because the company's trading and operations are exclusively overseas from the UK. the UK Treasury has confirmed the company will now not be subject to the current UK regulations on dividend controls.Reuter - 39 words
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Article142 1977-06-28 5 N. AMERICAN COMPANIES Reuter TRW said it expects second quarter results to be ahead of last year's record of US$l.lB a share on sales of $743.8 million. Earnings for the first half are expected to rise about 15 per cent from the $1.95 a share achievedReuter - 142 words
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Article73 1977-06-28 5 Reuter LYKES said it expects to report a loss for the 1977 second quarter and year. The second quarter loss would be "less than the US$3l.B million deficit reported in the first quarter" but would still be substantial. In the 1976 first quarter, the company earned $8.8 million.Reuter - 73 words
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Article79 1977-06-28 5 Reuter VOLKSWAGEN of America will recall 84,000 Porsche 914 automobiles made between 1970 and 1974 to correct fuel line problems which could cause engine fires, the Department of Transportation said. The department said the recall will take place in late summer because repair kits haveReuter - 79 words
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656 1977-06-28 5 NYT THE protracted takeover battle involving the bid by Anderson. Clayton and Co. to acquire the Gerber Products Co. saw two more skirmishes last Wednesday. Anderson. Clayton would appear to have made points in both, but no decisive victory or defeat seemed likely soon. InNYT - 656 words
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Article100 1977-06-28 5 Reuter HELLENIC AEROSPACE! INDUSTRY has signed a US$6O million syndicated credit arranged by Citicorp International Oroup and Continental Illinois, Citicorp said. Informed Euromarket sources said the loan is In two tranches, one for seven years with a spread of 1V» per cent over London Interbank offeredReuter - 100 words
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Article139 1977-06-28 5 ASIAN COMPANIES Reuter TOKYO, Mon. Nissan Motor will Increase shipments of Datsun vehicles to the U8 by an average 4,000 units a month In the JuneSeptember period from an average 35,000 a month In the first five months of this year. This follows better than expected salesReuter - 139 words
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Article72 1977-06-28 5 TOKYO, Mon. Toyota Motor has placed on the domestic market a new small car that meets Japan's 1978 emission control standards. The car, named the Chaser, comes In 40 versions and Is powered by either an 1,800 c.c. or 2,000 c.c. engine that lncorporates a three-way catalyst72 words
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Article95 1977-06-28 5 Reuter HONGKONG, Mon. The Hongkong and Shanghai Banking Corp has acquired a 20 per cent holding In Mico Equities, a Philippine privately owned Insurance company. A bank spokesman declined to disclose the value of the purchase, but said that at end-1975 Mico shareholder fundsReuter - 95 words
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Article187 1977-06-28 5 EUROPEAN COMPANIES Reuter HAMBURO, Mon. Esso AO forecasts only sluggish development in 1977, while hopes of reducing losses in the mineral oil sector have been dampened by results of the first six months. The company does not expect Germany's 1977 oil consumption to rise above lastReuter - 187 words
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Article86 1977-06-28 5 Reuter ZURICH, Mon. Swiss cooperative group MlgrosOenossenschaftsbund said it will offer 20 million francs in five year notes yielding 5.2 per cent to Its cooperative members from June 30. Members will have the right to purchase three notes each at a price of 777 francs which willReuter - 86 words
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Article100 1977-06-28 5 Reuter LONDON, Mon. The medium term credit being syndicated In Eurocurrency markets for the Brazilian development bank, Banco Naclonal de Desenvolvlmento, has been raised to around US$2OO million from Just over $150 million by the addition of a yen tranche. Libra Bank said. The yenReuter - 100 words
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Page 5 Advertisements
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Advertisement1146 1977-06-28 5 B) 111 BANKofAMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CONDITION Assets Dec. 31, 1975 Interest-bearing deposits U.S. Government and Federal Agency securities State, county, and municipal securities Other investment securities Total Investment Securities Trading account securities Total Securities Dec. 31, Dec. 31, 1975 1976 US$ (thousands)1,146 words
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Article2197 1977-06-28 6 Gr'« Gr^ Net in La* div Dhr yn P/E Val Day Hick Lot Sal* C'tt Hick Law SECTION ONE INDUSTRIALS 154 130 Acma 152cd unch 12.0N 1.8 7.8 7.1 10 184 182 139 127 Acma A 130 -1 12.0N 1.8 8.8 0.3 4 188 138 204 1742,197 words
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Article1437 1977-06-28 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1000 units unless otherwise specified. All Time Settlement Contract* are quoted after the word "Sett." Big Board1,437 words
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Article1506 1977-06-28 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified INDUSTRIALS Atom (1.758 1.788) (1) 1.73. A. Cltaa (0.778 0 808). A.M.O.1,506 words
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Article65 1977-06-28 6 STRIKING price* ot the stock option* officially listed on the Stock Exchange of Singapore, the periods, hid and offer prices and business done yesterday, with the number of options traded shown in brackets. D.B.S. (March $3.60) (0 308 0.455). Inchcape (Sept 52.40) (0 09B). (Dec 2.40) (0.10B).. U.65 words
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Article138 1977-06-28 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Nuiin' prioM far Jn M 28) (Oumt p rioM) The Commerce 1.68 1.78xd INCOME BOND 1.08 1.11 The Saving Fund 6.M 0.90 S'pore Prof Fund 8 pore Security Jftnd S'pore Invert Fund 0.85 0.00 MARA BUMIPUTRA FUND 1.53 0.98 1.62 l.OSxd (Miaagan'138 words
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Article143 1977-06-28 6 B O T 8 1/2% 1981 (100,000) (102*B 103S) B O T 7 5/8% 1984 (100,000) (98*B 99 *S) DBS Converts 6 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*S) E I B 8143 words
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Article105 1977-06-28 6 Rep Spore D Mark 6 1/2% 1983 (100,000) (98*B 99'/«S) Rep Spore 7 3/4% 1987 (100,000) (1008 100V«S) Rep Spore 7 3/4% 1987 (250,000) (101.488 101.575) 4 3/4% 1/5/79 (250,000) (100.808 100.90S )(4)100.87 *'1/4% 15/10/79 (250,000) (101.75B) 6 3/4% 15/6/80 250,000) (103.80B) 6 3/4% 1/12/80 (250,000) (103.80B) 5%105 words
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Page 6 Advertisements
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Advertisement140 1977-06-28 6 found only in the Penguins in Business and Management Understanding Company Financial Statements: J. Organization Theory: D. Pugh Business Strategy: H. Ansoff Corporate Strategy: H. Ansoff Exploration in Management: W. Brown Modern Management Methods: E. Dale Offensive Marketing: J. Davidson Business of Management: R. Falk Modem Business Enterprise: M. Gilbert140 words
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Article, Illustration372 1977-06-28 7 MOST shares closed mixed after a day of irregular trading on the Stock Exchange of Singapore yesterT he lower volume reflected the generally hesitant and cautious attitude of the market. The beet performers were still a few of the lowerpriced Malaysian-based isSUM. A case in point was Pacific372 words
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Article304 1977-06-28 7 THE Kuala Lumpur stock market ruled steady in early trading yesterday but lack of follow-through support caused values to finish on a generally mixed note. The market weakened In the afternoon when It became clear that little support was forthcoming. However, losses were kept to a marginal304 words
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Article121 1977-06-28 7 Reuter CARSON. CALIF, Mon. Nissan Motor USA, said it raised its forecast of 1977 US Datsun sales to 410,000 vehicles from its p eviously estimated 370,000. It said auto sales this year should be around 315.000. up from a previous estimate of 283.000. Nissan added ifReuter - 121 words
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Article115 1977-06-28 7 AFP LONDON, Mon. Swears and Wells, the leading British chain of fur and leather shops, is to close because of the economic recession. The company, part of the United Drapery Stores (UDS) group, has also been hard hit by a campaign in favour ofAFP - 115 words
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720 1977-06-28 7 NYT NEW YORK, Mon. The credit markets perked up last week after the nation's money supply showed a US$7OO million decline, confounding many traders and analysts who had guessed that it would Increase. As a result, bond prices rose last Friday, and underwriters regainedNYT - 720 words
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LOANS
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Article89 1977-06-28 7 Reuter LONDON, Mon. London and Scottish Marine Oil will receive a £30 million syndicated medium-term loan under arrangements completed today, William and Olyn's bank said. The loan will be used to finance completion of development of the North Sea Nlnian Field In which LMSOReuter - 89 words
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Article68 1977-06-28 7 Reuter NEW YORK, Mon. A US$5O million offering of six per cent convertible debentures due 1992/6 by ItoYokado was priced at par, underwriting group managers Goldman Sachs and Nomura Securities International said. The debentures will be convertible Into Ito-Yokado common or into American Depositary Receipts (each representingReuter - 68 words
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Article104 1977-06-28 7 Reuter LONDON, Mon. The Emirates Telecommunications Corp signed a $100 million seven year Euroloan agreement with an Interest margin of 1-fc per cent over London Interbank offered rates, Bankers Trtist said as agent for the loan. The loan, whicn is guaranteed and also arranged by Abu DhabiReuter - 104 words
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Article99 1977-06-28 7 Reuter LONDON, Mon. The Brazilian steel company Aco Minas Gerlas (Acomlnas) has signed a Eurocurrency loan agreement for the equivalent of US$5O5 million. This represents the largest single financing by a Brazilian borrower In the Eurocurrency market. Morgan Grenfell said as coordinator for the banks providingReuter - 99 words
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Article66 1977-06-28 7 Reuter TOKYO. Mon. Sumitomo Metal Industries said it plans to seek more mark loans and added It has received a 10 million mark five-year loan from Westdeutsche Landesbank Glrozentrale. The loan, carrying a 6.75 per cent fixed coupon, was raised because the Interest rate was lower than loansReuter - 66 words
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Article71 1977-06-28 7 Reuter NEW YORK, Mon. Singer has signed an agreement with 30 banks for a slx-vear term loan of US$lOO million and a three-year revolving credit facility of $175 million. Proceeds from Initial borrowing under the revolving agreement with firoceeds from the new term oan. have been used to retireReuter - 71 words
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INTERNATIONAL STOCK MARKETS
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Article372 1977-06-28 7 HONGKONG: The market closed generally little changed with .some blue chips lower and second liners steady In dull trading, dealers said on Monday. The Hang Seng index dropped 1.84 points to close at 434.59. Hongkong Bank eased 10 cents to $17.70. Hongkong land five cents to #7.05, while Hutchiaon.372 words
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Article435 1977-06-28 7 TOKYO: Share prices advanced in fairly active trading on selective demand sustained from the weekend's rally, dealers said on Monday. The Dow Jones average added 8.63 to 4.999.62 with volume 170 million shares. The New Index rose 0.60 to 379.58. Toyama Chemical rose 20 to 570 yen, Yamanouchl Pharm435 words
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Article422 1977-06-28 7 SYDNEY: The market closed mixed in fairly active trading, dealers said on Monday The Sydney All-Ordinaries index dropped 0.20 points to close at 455.70 points. Pancontinental rose 60 cents to $11.90 Kathleen Investments six cents to $1.72. AmpoWx two cents to $1.06. Woolwortha three cents to $1.50. Myera two422 words
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Article182 1977-06-28 7 MANILA: The market continued to ease with mines and oils lower and only commercials higher, dealers said on Monday. Atlas fell three points and Philex two as the US copper price fell. Other mines followed and lost fractionally. Basic Petroleum eased two points and Oriental one while other oils182 words
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Article95 1977-06-28 7 JUNE 0 Bahts Asia Fibre 183 unch Bangkok Bank 323 4 Bangkok Invest. Bangkok-Metro-politan Bank Bata 573 +6 Berll Jucker 288 >22 Charoong Thai Wire 173 4-2 Dumex Duslt Than! 108 Faber Merlin First Trust Indo-Thal Industrial Finance Corp 1215 10 J And J Ho 238 4-1 Jalaprathan 11395 words
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783 1977-06-28 7 JOHN H. ALLAN - By JOHN H. ALLAN NYT TAX-EXEMPT bond funds, the newest and fastestgrowing type of mutual funds, are now almost eight n\onths old. and US$l.4 billion of them have been sold to investors eager to avoid paying Income taxes. The funds have beenNYT - 783 words
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1098 1977-06-28 7 POLLY ULLRICH - By POLLY ULLRICH NYT EVERY Friday morning at 10 o'clock a buzzer sounds and the National Cheese Exchange is open for business. What happens In the next half-hour has a vital Influence on the price of cheese in the United States. There Is moreNYT - 1,098 words
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Page 7 Advertisements
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Advertisement329 1977-06-28 7 Hi Yes, Penguin books are not to be found in any ordinary shop. N Qt n tt e r oad-side stalls. Heavens, certainly not in the pasar ma I am! Because Penguin books are rather special. They are mind-stimulating, deeply researched, M entertaining in a wholesome way, highly educational Li!k.329 words
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COMMODITY REPORTS AND PRICES
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Article434 1977-06-28 8 IN the Singapore rubber market yesterday, prices were 1.25 cents lower Initially. following lower London advices, but then recovered on sellers reserve and short covering interest, dealers said. Forwards, particularly Oct/Dec 1977 and Jan/March 1978, were also in demand. Turnover was fair. The morning session434 words
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Article30 1977-06-28 8 Rubber: June 27 Singapore: July 187.25 cts (up 0.25 ct.) Malaysia: July 188.25 cts (up 0.25 ct) Tin: $1,430 (down $10) Official offering: 195 tonnes (up 45 tonnes)30 words
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Article305 1977-06-28 8 Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 K.S.S. prompt f .o.b. 186.50 187.50N 187.00 188.00N Int. 1 R.S.S. July 188.75 187.00 187.25 187.50 Int. 1 R S S August 189.00 189.25 189.50 1M.7S Int. 2R.S.8. 186 00 187.00N 186.25 187.25N UK/Cont. 185.00 186.00N305 words
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Article94 1977-06-28 8 July Ancuat R.A.S. (Curraat Mtk) (Fanrart Mtk) Buyer* Mian Buy« ra Seller* <c nuperkc) iata par kg) SSR20 (1-ton Pallet) 189 00 191. OON 190.00 192.OON SSR50 (1-ton Pallet) 187.00 189 00N 188.00 190 00N M.R.E.L.B. SMR5CV (1-ton Pallet) 212.50 214.50 212.50 214.50 SMR 5L (1-ton Pallet)94 words
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Article134 1977-06-28 8 LONDON, Mon. Terminal opened £1.00 to £0.25 per tonne above Friday's 5.00 p.m. levels In sales of 483 lots. Dealers said the market initially attracted light follow through buying and shortcoverlng triggered by Friday's kerb rise. But prices subsequently drifted back from the highs In quiet dealings. Futures ended134 words
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Article69 1977-06-28 8 LONDON, Mon. Terminal opened the £40 limit down with near July offered at £2,958 per tonne. Nothing was traded before the statutory 15 minute break. At the reopening prices recorded further small losses with Sept at £2,685 per tonne down £70. Terminal closed .the morning steady at, or modestly69 words
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Article287 1977-06-28 8 TRADING was generally quiet at the Singapore produce market yesterday, volume was low and confined to local switch and consumer accounts. The disinclination to trade was attributed to the lack of overseas Interest and the wide disparity between bid and offer prices. Pepper finished unchanged according to the287 words
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Article110 1977-06-28 8 LONDON, Mon. Futures ended the opening session £50 down to £5.00 per tonne up on Friday's close. Lots traded amounted to 494 and the market tone was Irregular. Both September and November lost £37 having each traded within a range of £2,370 to £2,340. Trading was fairly well matched110 words
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Article131 1977-06-28 8 LONDON, Mon. Copper wirebars finished the morning with losses of fully £17 per tonne for cash and £16.50 for Three Months. Values gave ground on the pre-market under general liquidation, which subsequently touched off some stoploss selling, following trade reports the two US copper companies had made considerably improved131 words
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Article115 1977-06-28 8 HONGKONG, Mon. The market closed firmer compared with Friday's close but below the day's highs following commission house selling, dealers said. The opening call was not completed as December was limit up In line with Friday's sharp rise in New York, they said. March was actively traded, closing115 words
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Article200 1977-06-28 8 YARN and cotton prices In Hongkong dollars, ex-ftodown Cotton Yarn China Blue Phoenix 20' 1.940. 32 s 2.060. 40's 2.180 (per bale of 400 lbs) Piecv Goods China: Butterfly and Globe Brand unq, Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying and Butterfly unq. Flying200 words
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Article41 1977-06-28 8 LONDON, Mon. Silver showed gains of 3.2 to 3.0 pence per troy ounce In the morning. A moderate volume of covering and fresh buying was evident with Three Months trading upto 267.4 pence by the close. Turnover was 90 lots.41 words
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Article79 1977-06-28 8 LONDON, Mon. Lead In the morning gained £0.75 per tonne for cash but lost L' 0.25 for Three Months. Values sagged in the premarket in sympathy with the general trend but picked up in the ring on renewed trade buying, which some quarters were still attributing to producer interest,79 words
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Article25 1977-06-28 8 LONDON, Mon. Zinc in the morning lost £1.25 per tonne for cash and £0.75 for Three Months. Three Months finally changed hands at £334.00.25 words
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Article180 1977-06-28 8 THE Singapore "gold market opened quietly yesterday with the kllobar quoted at SSI 1,295 The market was generally featureless with no new factors emerging over the weekend. The kllobar closed slightly higher at 5511,315. The loco London market opened at US$l4l.OO/80 and fluctuated narrowly In thin trading to close180 words
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Article117 1977-06-28 8 THE Straits tin price in Penang yesterday was down $10 to $1,430 on an official offering up 45 tonnes to 195 tonnes. The market eased, mainly due to continued lack of consumer demand, despite slightly higher London Metal Exchange prices, dealers said. In LONDON yesterday morning, tin117 words
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Article214 1977-06-28 8 BANGKOK, Mon. Indicative prices quoted here were: (US dollars per tonne fob basts Bangkok) White Rice: 100 per cent Ist class 298 100 per cent 2nd 283 100 per cent 3rd 279 5 per cent 269 10 per cent 244 15 per cent 241 20 per cent 238 25214 words
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Article419 1977-06-28 8 Reuter SYDNEY, Mon. Australia will have a record rice export availability of 300,000 to 310,000 tonnes, white milled basis, from the 1977 harvest but free availability for non-traditional markets will be limited, Rice Growers Cooperative Mills Ltd general manager Neil Donaldson told Reuters In a telephoneReuter - 419 words
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Article238 1977-06-28 8 AFP JAKARTA, Mon. Indonesia is expected to have a clove boom this year with a record of at least 40,000 tonnes of production, according to available figures here. This means a surplus of some 15,000 tonnes of cloves, with domestic consumption estimated at 25,000 tonnes. MostAFP - 238 words
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903 1977-06-28 8 NYT NEW YORK, Mon. If Information Is the key to successful trading, then those In the commodity futures markets should always be winners because of the forests of government, industry and brokerage house reports that are available to participants. But knowledge alwaysNYT - 903 words
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264 1977-06-28 8 AFP KUALA LUMPUR. Mon. A national seminar will be held on Aug 11 and 12 to focus attention on the shrinking tin mining industry. The seminar, to be attended by about 300 participants from various government departments and the mining Industry, will be openedAFP - 264 words
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MONEY AND EXCHANGES
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Article482 1977-06-28 8 THE local overnight money market continued to be relatively firm yesterday. From the opening of 5Vi per cent to five per cent, the market saw overnight funds being bid up to the day's high of six per cent during early morning hours. It then eased marginally to hover around482 words
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Article47 1977-06-28 8 ACBC «v. Firat Chicago «v. 6* Citibank .7...... JV, BkMfcok Bank 7 HSBT CM Bank of America 6 v. Indoiuei (V, Bank at China 7 (V, Bank at Tokvo CW CH Bank Negara OCBC PfffMamHPVI T cv. OUB UCB 7 UMBC ..7 DBS UOB47 words
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Article153 1977-06-28 8 Asian rates ASIAN currency deposit interbank rate* as at cloae on June 27 U8 Dollar* <S*rt) Offer BM 7 days 513/16 53/4 lmth 6 515/16 2mths 513/16 5 3/4 3 mths 6 515/16 6 mths65/16 61/4 9 mths 6 7/16 6 5/16 12 mths 69/16 67/16 Sw. Fra. Da*. (■MWprkw)153 words
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Article47 1977-06-28 8 RANGE of prices offered by discount houses on June 27 Ovemlfht 3* Call deposit 2V. to 3* ClOUBf Buy MUa« 3-Man in Treasury 3 2% 3- Month Bank bills 4* 4 3-Month CD 4* 4* •-Month CD 4 11/16 4 9/l« Source: National Discount Co. Ltd.47 words
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Article59 1977-06-28 8 AUSTRALIA/NZ exchanges on June 27 Austnllt: Sterling 0 MflO/ 0 8430 US doltar 1.1124/ 1.1076 Ninety-day air mail buying rates: Stertlnc 0.0071 OS doflari ***** Ntnetjr-day forward buying rates Sterling 0 6488 US drfUr 1 1006 New Zealand: Sterling 0 561 V 0 5582 US dollar 0 .MM/ O.MM59 words
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Article40 1977-06-28 8 FRANKFURT opening exchanges on June 27 US 2 3500/10 Can 2 2150/T0 UK 4.038/040 Neth 04 32/42 Bwlts 94 47/57 Italy 2 65V963 France 47 60/70 Norw 44.20/38 Belt com 6 51/52 Belt fin 6 52/53 Japan 0 8660/7040 words
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Article238 1977-06-28 8 LONDON, Mon. The dollar opened lower against most European currencies and the yen following its decline in New York on Friday. dealers said. This was in response to an OECD communique wnich said strong countries are willing to see their currencies appreciate in response to underlying market forces. Early238 words
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Article152 1977-06-28 8 TOKYO, Mon. The US dollar for overnight delivery held steady in quiet trading to close at 271.65 yen after opening at 271.40 against 272.05 at Friday's close, dealers said. The US currency initially weakened as some Japanese banks expanded their short dollar positions following the OECD communique saying that152 words
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Article105 1977-06-28 8 HONGKONG. Mon. The US dollar firmed to 2.3530/35 marks from 2.3502 midpoint equivalent at Friday's New York close, in fairly active trading, dealers said. The US dollar, which fell here against the Hongkong dollar on Saturday in thin trading in reaction to its overnight weakness against other currencies, recovered105 words
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Article180 1977-06-28 8 Euro rates LONDON, Mon. Eurodollar deposit rates opened slightly firmer although the usual Monday slow start to trading was reported by dealers. Tightness of funds ahead of the turn of the month was cited for the firmer tone. A Friday end of period was an additional upside factor in One180 words
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Article332 1977-06-28 8 LONDON. Mon. Straight dollar Eurobonds were basically steady in idle dealings with a firmer undertone, dealers said. The Petroleos Mexicanos $75 million nine per cent 1982 bond hardened to a premium of V* point. US convertibles were up to Vt firmer where changed in quiet dealings while yen332 words
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Page 8 Advertisements
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Advertisement191 1977-06-28 8 •v c f MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken ploce in all important sectors of the economies of countries in East and Southeast Asia. The191 words
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Article, Illustration838 1977-06-28 9 TERESA LIM - •y TERESA LIM AFTER TWO years of fairly stormy Industrial disputes and rapid reorganisation, American Marine, the pleasure craft shipyard, is now braced to face the future with confidence. "We have got rid of operations elsewhere which were not making money,"838 words
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Article113 1977-06-28 9 SCANDINAVIAN Airlines System (SAS) has already implemented the new piece" concept for passengers' free baggage on its services to and from the US. From June 1, SAS has been giving free volumetric baggage allowance, irrespective of weight, to its passengers on its US routes. This113 words
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Article179 1977-06-28 9 THE INSTITUTE of Materials Handling In Singapore will hold its first local examination in November this year. Courses will be held to prepare its members and students for the examinations. Two courses, module one and module two, are available. Module one comprises work study and engineering science and179 words
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Article140 1977-06-28 9 BUSINESS houses in Singapore looking for ways to improve their existing intercom system or waiting to introduce new ones may wish to look at a totally electronic version recently introduced to the Singapore market by Cable and Wireless Systems. Called Stentofon pamex, the Norwegian system Is billed as140 words
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Article50 1977-06-28 9 CATHAY PACIFIC has designed a four-day package tour to Penang, effective from this month. The special tour price varies from $376 to $423 and Includes accommodation at the Raya Sayang Hotel, breakfast, transfers, sightseeing tours and the air passage. The offer lasts till December this year.50 words
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Article, Illustration375 1977-06-28 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bendearg (1800 after Green Island) 46 Cangshan (BOLE) (1100 47 North Gavrll Derzhavln (1830 after Amyntas) 44 Hoegh Orchid (0700) 1/2 Jens Maersk (0600 after Gerbera) 27/28 Montana (1600 after Dong Yun) 31/32 Muehlhausen (1930 after Mersey JJoyd) (Class I on Board) 10/11375 words
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191 1977-06-28 9 Reuter WELLINGTON, Mon. A new direct shipping service, specialising In carrying refrigerated cargo from New Zealand to West Asian ports, will start In about two months, P and O New Zealand said. The service to be called the Beaufort Gulf Service,Reuter - 191 words
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Article31 1977-06-28 9 AP WASHINGTON, Mon. Senator Abraham Rlblcoff said yesterday that new federal legislation is needed to punish "electronic burglars" who use computers to steal or manipulate Information or property. APAP - 31 words
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Article169 1977-06-28 9 AP WASHINGTON, Mon. The American Civil Aeronautics Board is being asked to permit a second airline to provide low cost no-reservation air service, between New York and L< Na < tJ'onwlde Leisure Corp., a charter airline, asked the board to approve Its plan for round-trip air fareAP - 169 words
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Article97 1977-06-28 9 THE Port of London may become a free customs area if investigations by various port and trade authorities make strong enough recommendations for an Act of Parliament to set it up. The Port of London Authority (PLA), Joint Trade Development Com- mittee and the Greater London97 words
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Article223 1977-06-28 9 HOEGH LINES was established in Oslo, Norway, by Leif Hoegh and Company. It now offers a round-the-world service with a fleet of modern, large and fast cargo liners. These cargo liners are equipped to carry bulk liquids, deep-frozen products, heavy lifts, unitized goods and containers, in addition to223 words
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Article557 1977-06-28 9 ARRIVALS 9VT1O0 Operator N timber Local Time ftmm CAL TMA MAS CAL SIA OIA OIA SIA RBA SIA CPA MAS OIA OIA MAS* SAS •SIA SIA SIA OIA MAS SIA OIA BA JAL MAS MAS SWR CI331 TL303B MH682 CI806 SQ211 GA980 GA908 SQ240 BI325 SQ201 CX003557 words
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Page 9 Advertisements
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Advertisement258 1977-06-28 9 I I 77 I m. w S The three bosk needs and the three ports of BrHanniQo3 1. To get at the fads often a single fact easily and quickly, without having to read a long article in -which that fact is embedded. This need is served by the 10-*olume258 words
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Article, Illustration1672 1977-06-28 10 ANDREW WHITLEY - Afghanistan is pushing ahead with an ambitious seven-year development plan costing US$3.5 billion. But the country is so short of trained personnel that it is said to possess not a single qualified accountant, and not enough typists to type even the seven-yearFT - 1,672 words
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837 1977-06-28 10 The "Meat Mafia" does not take kindly to interference in their domination of the Japanese meat trade. They rule the market and appear to do so with the active and profitable participation of some members of the government. The consumer, asReuter - 837 words
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Article877 1977-06-28 10 MICHAEL THOMPSON-NOEL - By MICHAEL THOMPSON-NOEL FT LONDON; Philately has long been a boom market. But if the claims of Stanley Gibbons International in London are to be credited, the stamp market and the prices to be found there are now beginning to surge upwards with theFT - 877 words
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Article, Illustration958 1977-06-28 10 COLINA McDOUGALL - In Peking you can buy your clothes off the pec or custom made. It is a safe bet that Chairman Hua Kuo-feng's are not off the peg. In China the old saying that the rich get richer and the poor get poorer still has aFT - 958 words
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Page 10 Advertisements
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Advertisement153 1977-06-28 10 GAMBLERS HANDBOOK fS§ ga^so^\ J* SP pltf 7* ?n w 0 H 16/. by E. Lenox Figgis* F.C.A. A practical handbook explaining haw batting takes placa on tha world's most popular batting pastimes, including horses, dogs, football pools, sporting events, casino games, such as craps, roulette, etc., sweepstakes, lotteries, elections,153 words
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488 1977-06-28 11 THIRD MEETING OF AAF KUALA LUMPUR. Mon. The third meeting of the technical committee of the Asean Automotive Federation (AAF) here next month is expected to conclude the basis of Asean cooperation in the manufacture of motor components. The three-day meeting, starting488 words
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Article181 1977-06-28 11 OVER 200 companies will display a wide range of industrial plants and equipment from 16 countries at the November industrial machinery show to be staged at the Hyatt Hotel. "Machine Asia," said to be the region's biggest industrial machinery show, will occupy about 6,000 sq181 words
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Article163 1977-06-28 11 NINE Australian firms will be exhibiting a wide variety of their products at the three-day Australian Fire Protection and Safety Equipment display starting today at the Australian High Commission. The exhibition, organised by the Department of Overseas Trade in Australia, features items of interest to the163 words
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Article77 1977-06-28 11 THE DEPARTMENT of Trade Annual Report 76/77 will be available for sale shortly and purchasers are advised to place advance orders for them at $6 a copy. The report will Include a review of prospects for Singapore trade, trade performance, major trading partners, trade development activities, and77 words
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Article167 1977-06-28 11 Reuter SYDNEY. Mon. Australia's seasonally adJusted total money supply (M 3) rose As7l million (8(194 million) to <36.73 billion in May compared with a $164 million fall In April and a $241 million Use to $33.11 billion In May 1976. the Reserve Bank reported. The bankReuter - 167 words
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Article220 1977-06-28 11 ••BIG SPLASH", the water amusement complex on the East Coast which is costing Its developers some $6 million to build, is expected to be officially opened In the second half of July. Goldhlll Properties is believed to have originally set July 1 as the opening220 words
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Article77 1977-06-28 11 AFP TOKYO, Mon. Japan's trade with China in the first five months of 1977 totalled U551,248 million (553,070 million), down 14 per cent or $194 million from a year earlier. The Finance Ministry said today. The ministry said Japan's exports to China In the period wasAFP - 77 words
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Article87 1977-06-28 11 Reuter HONGKONG, Mod. Seven trade associations in Taiwan have formed a joint committee to supervise screening non-rubber footwear exports to tbe United States, tbe Central News Agency reported. The committee will review export quota volumes of individual manufacturers to prepare for tbe enforcement of the US-TaiwanReuter - 87 words
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Article39 1977-06-28 11 COOKING salt is now packed in kilograms or grams. This was confirmed by a recent survey conducted by the Singapore Metrication Board The existing sizes are: Wholesale pack 30, 60 and 90 kg. Retall pack 400 g.39 words
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240 1977-06-28 11 Reuter MANILA. Mon. The Philippines will have a trade surplus of US$6l million (Sslso million) in 1982 and $178 million in 1987, the National Economic Development Authority (Neda) forecast in its 10-year development plan. Philippine exports tflll rise at an annual average of 23.8Reuter - 240 words
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Article165 1977-06-28 11 IBM Singapore last week presented films, photographs and 10 Merllons to three national organisations the Singapore Science Centre, the National Museum and the Singapore Tourist Promotional Board. Mr. John Tessler, general manager of IBM Singapore, made the presentations. Dr. R.S. Bhathal, director of the Science Centre, was165 words
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Page 11 Advertisements
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Advertisement115 1977-06-28 11 CORPORATE ANNOUNCEMENTS CARRY MORE WEIGHT IN BUSINESS TIMES 011 UMfTED ,inc OWO>AT» ,n t~frTn7r *orit a otJ 'AancTDtnu moumiu and rr* svmumaiies C n n y oZ* r ~r£?» rr m «C V ,i» «c Because Business Times is read by the top people in business the decision makers, who115 words
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326 1977-06-28 12 AFP JAKARTA, Mon. Opening the second meeting of Asean heads of population programmes In Denpasar, Bali, today, Indonesian Welfare Minister Soenawar Sukowati called on the participants to prepare a plan of action for the implementatlon of the four Asean population projects agreed uponAFP - 326 words
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Article, Illustration586 1977-06-28 12 WORLD Trade Centre Singapore (WTCS) will act as a magnet for new business Interest and investment In Singapore, when It is completed. It will also be a dramatic symbol of Singapore's growing Importance In the family of nations. Mr. Guy F. Tozzoll, president586 words
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Article756 1977-06-28 12 LONDON. Mon. Trading in British Petroleum Renounceable Letters of Acceptance (RLA) was the feature during the afternoon session where trading hours were extended to 5.30 p.m. for oil share and 4.30 p.m. for other equities. BP RLA retreated to 368p after touching a high of 380 They opened756 words
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482 1977-06-28 12 US FIRMS will use Singapore as a stepping stone to doing business in areas such as China, North Korea and Vietnam, as commercial links between the US and these countries become more firmly established. "US businessmen," said Dr. Paul Fabry, vlce-pre-sident of482 words
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238 1977-06-28 12 KUALA LUMPUR. Mon. Mr. Mark Gent, Guthrie Corporation's regional chief executive for South-east Asia, will shortly be returning to London where he is to take over as executive deputy chairman of the British multi-national trading and plantation group. J He moves into238 words
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Article193 1977-06-28 12 AF NEW YORK. Mon. Business executives worldwide are complaining that their governments have become meddlesome busybodies, stifling Investments, fueling Inflation and overwhelming private industry with paperwork and regulations, according to a survey released yesterday. The survey of businessmen in 33 countries conducted by the Conference Board,AF - 193 words
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223 1977-06-28 12 AFP KUALA LUMPUR, Mor». Cuepacs today called on Prime Minister Datuk Hussein Onn to intervene to help convene a national joint council meeting to sort out anomalies arising from the implementation of Service Circular 2/77 pertaining to the new pay scheme. ItsAFP - 223 words
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297 1977-06-28 12 Reuter SYDNEY. Mon A Sydney magistrate today dismissed 24 criminal charges against a father-and-son team of financiers who flew back here voluntarily early this year from Paraguay where they had successfully resisted extradition charges brought by the Australian government. Alexander Barton. 60. and hisReuter - 297 words
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320 1977-06-28 12 AFP KUALA LUMPUR. Mon. Sales of Felda products from 1970 to 1976 brought In almost Mil billion this year alone, the authority expects to net more than $458 million In revenue. Felda's senior director of operations, Mr. Tang Teng Lai, said the authorityAFP - 320 words
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622 1977-06-28 12 MOST of the 58 companies wound up by the High Court so far this year were In the trading and services sector, though manufacturing companies did not get off llghtiy either. The 11 which were ordered to close down represented a wide spectrum of622 words
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540 1977-06-28 12 THE Japan Trade Centre (Jetro) in Singapore will publish a series of articles in its bulletin to help countries export to Japan. The series will cover four topics: characteristics of distribution in Japan, retailing in Japan, sales promotion in the Japanese market,540 words
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131 1977-06-28 12 UPI TOKYO. Mon. The Philippines' demand for preferential treatment for its export products will be the focal point of discussions starting here on Wednesday for revision of the Japan-Phlllpplne Treaty of Commerce and Navigation, government sources reported today. The sources said Japan will claimUPI - 131 words
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364 1977-06-28 12 AP UNITED NATIONS. Mon. UN delegates agree that the current sixth session of the UN conference on the Law of the Sea is nearing a climax. They predict that over the Julv 4 weekend, an effort will be made to produceAP - 364 words
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97 1977-06-28 12 A SEMINAR on small industries will be held on July 29. and not tomorrow as reported in yesterday's Business Times. Organised by the Department of Trade. Singapore Manufacturers' Association. and the Institute of Banking and Finance, the seminar will be in Mandarin Speakers at97 words
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Advertisement61 1977-06-28 12 THE ASSOCIATION OF BANKS IN SINGAPORE Banking Hour* on Thursday, June 90, 1977 Notice Is hereby given that member banks In Singapore will open for business on Thursday, June 30,1077, at 0:30 a.m. until 11:30 a.m. only, to enable them to close their books (or the first half of the61 words
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Advertisement16 1977-06-28 12 omens** uouttmcz n > < 262-.264 River Valley Roac Tel ?3b?<33l Pa r »«inq availaoit a' Oberotlmperial Hotel16 words
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