The Business Times, 29 June 1977

Microfilm: NL9307
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, JUNE 29, 1977 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Lock icon HK water rationing
      77 1 UPI HONGKONG, Tues. Water storage In Hongkong's reservoir continued to decline despite some rain tills month and the government today announced more stringent water restrictions effective within a week, cutting water supply to 10 hours dally. William Tucker, director of water supplies, said unless heavy rains dump
      UPI  -  77 words
    • Article
      Lock icon OECF loan to Jakarta
      65 1 Reuter TOKYO, Tues. Indonesia today signed an agreement with the Japanese government's overseas Economic Cooperation Fund for a 20,020 million yen (Ssl79 million) loan to build a steam power plant in East Java, the fund said. It said the loan was repayable over 30 years, including
      Reuter  -  65 words
    • Article
      Lock icon Petrochemical project
      61 1 Reuter MANILA, Tues. Construction of the Philippine Government's petrochemical project in Llmay town across Manila Bay will begin next year, two years ahead of schedule, the Philippine National Oil Company (PNOC) said. The US$75O million (811,845 million) complex will product oil-based chemicals Including polyethylene, vinyl chloride and monomer
      Reuter  -  61 words
    • Article
      Lock icon French price freeze
      50 1 Reuter PARIS, Tues. French Deputy Finance Minister Robert Boulln today announced a price freeze on coffee, cocoa and certain textile products. He told a press conference voluntary price agreements have not been sufficient to protect consumers from recent heavy fluctuations In the coffee and cocoa markets. Reuter
      Reuter  -  50 words
    • Article
      Lock icon Thai steel project
      40 1 Reuter BANGKOK, Tues. Thailand's Board of Investment (BOI) has approved in principle a recommendation submitted by the Industrial Finance Corporation of Thailand (IFCT) that the government should participate In an Integrated steel project, board sources said. Reuter.
      Reuter  -  40 words
    • Article
      Lock icon CSR awaits reply
      66 1 Reuter SYDNEY, Tues. Australia's sugar marketing agent, CBR Ltd, Is waiting for the Malaysian Government to respond to an Invitation to renew talks on the Australia/Malaysia long term sugar supply contract, CSR's deputy general manager, Jack Campbell, told newsmen here. He said CBR offered price concessions but
      Reuter  -  66 words
    • Article
      Dow Jones
      71 1 NEW YORK, Tues. Stocks headed lower early today in moderately active trading amid new published reports that analysts are worried the economic growth Is slowing down. The Dow Jones Industrial average, which dropped 5.60 points yesterday, was off 1.10 points to 922.83 shortly before the first hour of
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  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      173 1 THE Stock Exchange of Singapore closed mixed In dull trading conditions yesterday. Activity was even slower than Monday's with the balk of the business concentrated in a few old market favourites and speculative counters. At the close, the Business Tines Index fall 0.62 point to 312.18 while
      173 words
    • Article
      In Kuala Lumpur
      106 1 Rises Most active M Rice 1.51 +.11 Bandar Raya 253,000 D Keramat 6 90 .10 M'sla Rice 237,000 A. Amal tin 4.02 .10 Pacific Dev 234,000 Bata 2.18 .09 C. Securities 222,000 Austral Ent. 1.88 +.08 Total Turnover: 2.73 M Y.H.S.(M) 1.41 .08 Total Value: MS4.80 M
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  • Article
    Asean cooperation in more fields
    1409 1  -  PROGRESS ON TRADE AND TOURISM ■y QUEK PECK LIM WORKING against a tight deadline, the five main committees at the Asean Economic Ministers' meeting yesterday made further progress towards drawing up draft recommendations and proposals to be presented to the heads of government at their
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  • Article
    'Finer points' of MRT system worked out
    542 1 THE Government Is far advanced In Its planning of the proposed Mass Rapid Transit (MRT) system. Including the detailed alignment of Its routes and site development plans for the 31 stations. The on-going project study has defined more precisely the routes the MRT
    542 words
  • Article
    Shui Hing to set up $6m store
    294 1 A WELL-KNOWN Hongkong department store group Shul Hlng will invest S6 million In Singapore to set up an exclusive store, here, modelled on stores like Bloomlngdale's of New York. Shul Hlng will build the departmental store on the site next to Faber House
    294 words
  • Article
    Lock icon News of Saudi oil hike today?
    130 1 Reuter JAKARTA. Tues. The Organisation of Petroleum Exporting Countries (Opec) secretary general, Mr. All Mohammed Jaldah, is expected to announce In Vienna tomorrow a new oil price Increase of 5 per cent by Saudi Arabia and the United Arab Emirates (UAE), Indonesia's Mining Minister
    Reuter  -  130 words
  • Article
    RIDGEWOOD'S PHASE 2
    144 1 DILLINGHAM Land Development Corporation of Hawaii is to start work next month on the second phase of its 990 million Ridgewood condominium projget off Holland Road. Construction will start on the estate's second apartment block. The Jl-storey tower, called Kalakaua Rise, will feature Ridge- wood's first four
    144 words
  • Article
    Lock icon Australian import permits get the slow treatment
    276 1 AFP KUALA LUMPUR, Tuee. Trade sources said here today that Malaysian officials were "dragging their feet" in processing applications for import permits from Australia in a Md to discourage purchases from that tountry. The move is in retaliation against Australia's decision to restrict
    AFP  -  276 words
  • Article
    Lock icon Cut trade surplus, Fukuda tells ministers
    304 1 Reuter TOKYO, Tues. Prime Minister Takeo Fukuda instructed three key Cabinet Ministers to seek ways to reduce Japan's large trade surplus to avert mounting overseas criticism, the Economic Planning Agency said. Foreign Minister lichlro Hatoyama and directorgeneral of Economic Planning Agency Tadashi Kuranarl reported
    Reuter  -  304 words
  • Article
    Japan to extend yen credits to S'pore?
    282 1 JAPAN Is currently considering the extension of yen credits to Singapore and Malaysia to assist In the development of less developed economic sectors, says the Bank of Tokyo In its latest weekly review. This Is one of the possible ways that the Japanese
    282 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
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      Page 1 Advertisements Column 2
      86 1 The Chase oomputer Bed aocajnting system lets yDu make use afyourajrrent account at any of thee branches When you open a checking account with Chase, you can make withdrawals or deposits at any of the three branches. There are lots of advantages when you bank with Chase. Our inter-bank current
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      3 1 SB BACK PAGE
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      209 1 wo *"SW«gB» W'r „.mAßuenu SEE PAGE 2* The Editor 4C —a robust yet very elegant machine. The heavy-duty Editor 4C is built for continuous use This is a very tough, fast typewriter that is easy and reliable to operate. It's trouble free. And it doesn't allow errors. You're protected against
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  • OVERSEAS
    • Article
      Lock icon Keidanren warns of tension if surplus persists
      510 2 AFP TOKYO, Tues. Japan's top business leader Toshlwo Doko has warned of the economic tension that could result from Japan's failure to lessen Its trade surplus with the United States. The warning came in a press conference given by president Doko of the
      AFP  -  510 words
    • Article
      Lock icon Excess shipping capacity puts owners in a spot
      377 2 Reuter LONDON, Tues. The acute overcapacity of shippin| both for dry cargo vessel* a* well a* for tanker trading la seriously under mining the ability of shipowner* and financial institution* to plan future ship requirement* and associated finance in an orderly way,
      Reuter  -  377 words
    • Article
      Lock icon Row over rates threatens to shut down Alaska pipeline
      661 2 Washington Star WASHINGTON. Tues. Lawyers for major oil comE antes have warned the iterstate Commerce Commission (ICC) that If the agency prevents their rates from going into effect on the Alaska pipeline at the end of this week, the pipeline will
      Washington Star  -  661 words
    • Article
      Lock icon Bergland will decide on crop acreage
      630 2 Reuter WASHINGTON, Tues. US Agriculture Secretary Bob Bergland said he will decide by Aug 20 or 25 whether to institute a programme under which lands will be set aside for the 1978 crop, if President Carter signs a farm bill by that time. Mr.
      Reuter  -  630 words
    • Article, Illustration
      Lock icon Fukuda advises against new flood of exports
      166 2 Reuter HAMBURG, Tue«. Japanese Prime Minister Takeo Fukuda (above) warned hit country's industrialists against creating a new flood of exports because of resistance by foreign governments and industries. In an interview with West German magazine "Stern" Mr. Fukuda, asked about growing resistance to
      Reuter  -  166 words
    • Article
      Lock icon Iran buys Australian beef
      55 2 AFP TEHERAN, Tues. Iran is to import 33,000 tonnes of meat from Australia In the next three years, the Teheran Journal reported. Iran, whose production of meat is far from satisfactory In the face of rapidly-growing domestic demand, imports considerable quantities of meat from New Zealand
      AFP  -  55 words
    • Article
      Lock icon Tricky session for EEC heads of states
      266 2 AFP LONDON, Tues. Tricky Internal problems and International Issues such as the situation in southern Africa will face heads of state and government of the European Economic Community when they meet here for two-day talks tomorrow. The high rate of unemployment In the
      AFP  -  266 words
    • Article
      Lock icon Paving the way for autumn wheat talks
      335 2 Reuter LONDON, Tues. The half-yearly meeting of the International Wheat Council (IWC), which started here today, will be more concerned with preparing the way for a productive meeting this autumn on a new International Wheat Agreement (IWA) rather than the substance of such
      Reuter  -  335 words
    • Article
      Lock icon Carter looks into petrol rationing
      272 2 AP WASHINGTON. Tues. The Carter administration is developing a standby programme that would allow the President to impose petrol rationing. The project was confirmed yesterday by James Bishop, an aide to presidential energy adviser James Schleslnger. The aide said President Carter had ordered a review
      AP  -  272 words
    • Article
      Lock icon Unctad meeting on oil trade problems
      119 2 Reuter GENEVA, Tues. Delegates from 41 Third World and industrialised countries today opened a week-long discussion on how to tackle trade problems of vegetable oils and oilseeds, including market access and excessive fluctuations in prices and export earnings. A spokesman for the secretariat of
      Reuter  -  119 words
    • Article
      Lock icon Tussle over control of Hughes' firm
      604 3 NYT NEW YORK: In the last six {'ears of Howard Hughes's lfe, the Summa Corp., his holding company, with three of his long-time employees in firm control, lost U*****,799,000 (3*324 million), according to an affidavit by a Hughes tax lawyer filed In Chancery Court
      NYT  -  604 words
    • Article
      Lock icon OECD expects Eurocredit volume to rise
      819 3 Reuter PARIS, Tues. Total Eurocredlts this year are expected to reach US$2B billion to $30 billion (Ss69 billion to $74 billion) somewhat more than last year, the OECD said In its review "Financial Market Trends." Loans to public sector bodies and governments in OECD
      Reuter  -  819 words
    • Article
      Lock icon World's economic outlook improves
      400 3 Reuter MUNICH. Tues. The renewed economic upturn in the US and Japan has clearly Improved the chances of further worldwide economic expansion, the IFO Economic Research Institute said. In its monthly economic report, IFO said the strong rise in the US economy should especially stimulate other
      Reuter  -  400 words
    • Article
      Lock icon Danger of continuing US trade deficit
      273 3 AP WASHINGTON, Tues. The continuing big deficit in US foreign trade spells trouble for business and labour, and the Treasury Is being too complacent about it, the chairman of the House Banking Committee said. "Officials have argued that growing deficits on the whole are
      AP  -  273 words
    • Article
      Lock icon TALKS ON BONN'S ROLE
      64 3 AFP BONN. Tues. Mr. Emlle van Lennep, Secretary General of the Organisation for Economic Coopera-. tion and Development (OECD). had high-level talks here yesterday on West Germany's role In the current world economic situation. He had a meeting with Secretary of State at the Foreign Ministry,
      AFP  -  64 words
    • Article
      Lock icon Hyundai gets World Bank loan
      107 3 AFP WASHINGTON, Tues. South Korea's capacity to manufacture heavy machinery and equipment will Improve as a result of an US$BO million (St 197 million) World Bank loan to Hyundai International Incorporated (HII), the bank announced here yesterday. The heavy machinery project Is designed to manufacture
      AFP  -  107 words
    • Article
      Lock icon Jobless is EEC's top problem
      104 3 Reuter LUXEMBOURG, Tues. Common Market governments, employers and trade unions agreed unemployment Is the most serious economic problem facing the Community, EEC officials said. But the employers and trade unions at the EEC's tripartite conference here, could not agree on the best way to reduce
      Reuter  -  104 words
    • Article
      Lock icon Indonesians worried over depletion of oil reserves
      750 3 NYT JAKARTA: A debate has erupted in Indonesian government circles over when the country will run out of oil and therefore over its continuing ability to attract investment and borrow on world financial markets. The question Is a critical one not only for
      NYT  -  750 words
    • Article
      Lock icon 10pc rise in earnings should be the maximum
      341 3 Reuter LONDON. Toss. Chief Secretary to the UK Treasury, Joel Barnett, aaid earnings as a whole moat not rise by more than 1$ per cent in 1977/78 if the Coal of single figure inflation la to bo achieved by the middle of
      Reuter  -  341 words
    • Article
      Lock icon US reserve assets climb by $804m
      363 3 Reuter WASHINGTON, Tues. United States' reserve assets climbed US$327 million (3*904 million) In May to $19.2 billion. The gold stock was unchanged at $11.66 billion although gold held by the Treasury declined $7 million to $11.63 billion. The shift was not explained. The Treasury
      Reuter  -  363 words
    • Article
      Lock icon 'Fed will hold money policy'
      256 3 Reuter NEW YORK, Tues. The Federal Reserve Board is likely to hold Its monetary policy stance unchanged in the immediate future, most market analysts said. Mr. Aubrey Lanston and Co said the Fed seems intent on holding a stable position at present. Open market actions
      Reuter  -  256 words
    • Article
      Lock icon Bank secrecy pact
      119 3 Reuter VADUZ, Tues. The Liechtenstein Government and banking association concluded an agreement on practices of bank secrecy effective July 1. Head of Government Walter Kleber said in a statement. Mr Kleber said the agreement. which was signed by all three Liechtenstein banks, obliges them to check the
      Reuter  -  119 words
    • Article
      Lock icon YIELDS ON BILLS FALL AT AUCTION
      196 3 Reuter WASHINGTON, Tues. Yields on short-term government securities declined to 4.965 per cent for three-month bills and 5.173 per cent for six-month bills at the latest weekly auction, the Treasury Department said. The rates were off from 5.012 per cent the previous week on
      Reuter  -  196 words
    • Article
      Lock icon Licences granted to new banks in Lebanon
      200 3 Reuter BEIRUT, Tues. Lebanon's Council of Ministers last night took steps to regain International financial confidence In Lebanon by approving licences for new banks. The move, following a 10Sear moratorium on new anklng licences, was agreed at a seven-hour meeting which also approved
      Reuter  -  200 words
    • Article
      Lock icon Japanese surplus higher
      88 3 Reuter TOKYO, Tues. Japan's revised overall payments surplus rose to US$39O million (***** mill Jon) from $359 million in April, but fell from $467 million in May 1976, the Finance Ministry said. The surplus on current account fell to $133 million from a monthly record of $1.23
      Reuter  -  88 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      644 2 SEE BACK PAGE KIAW AIK HANG FINANCE COMPANY LIMITED (Incorporated in the Republic of Singapore) BALANCE SHEET AS AT DECEMBER 31, 1976 (Currency Singapore dollars) SHARE CAPITAL: Authorised 50,000 shares of $100 each Issued and fully paid 5,003 shares of $100 each STATUTORY RESERVE FUND RETAINED PROFITS CURRENT LIABILITIES: Fixed
      644 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      52 2 I THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on July 28 at Singapore airport. Maximum Temperature 31.2* C Associated Humidity 69 Minimum Temperature 2S.S°C Associated Humidity 90 Hours of Sunshine 8.90 Rainfall in Millimetres Nil Total Rainfall for the Month 201.0 Total Rainy Days for the
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      36 2 SINGAPORE 5 IBristcw ft nrr So Mx» V in iwf Book srvu_ the. &e*f Twrt IwuSKSsISIb"*" C*e»«u »n Nfou« veRY B»ooo You f*fe Pee* lcss in oosew i wpwe -rue. u-nnosT CQHFG&Ke. IN >#0L»... £=3 te:
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  • Page 3 Advertisements
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      148 3 m Because You Insist On wm t ZS Course A Huge Plot of Open Land with a Very Limited Number of Units. An Apartment with a Bungalow Atmosphere. Spacious Children's Playground Garden. *jt** A Relaxing and Serene Environment. t»S^ Forestry Surroundings. Linked with Botanic Gardens. gjts V Highly Artistic Design.
      148 words
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  • Article
    Marginal improvement in Cold Storage earnings
    775 4 COLD STORAGE, one of the largest food concerns in Malaysia and Singapore, took a marginal turn for the better with group pre-tax profit rising six per cent to 521.6 million for the year ended Jan 31, 1977. The profit was made on a turnover
    775 words
  • Article
    5-YEAR FINANCIAL SUMMARY
    196 4 YEAR END JAN 31 1*77 1976 1975 1974 1973 $000 SALES 180,600 175,090 IK.000 140,099 118.999 PRE-TAX PROFIT 21,(48 20,391 20.281 19,915 15,283 Taxation 9.209 8,040 8,180 8,143 6,276 AFTER-TAX PROFIT I2.43S ***** 12,191 11,772 8.987 Minority interests and other deductions 524 743 234 1,291 151 ATTRIBUTABLE
    196 words
  • Article
    PMC denies bonus payment rumours
    210 4 PAN MALAYSIA CEMENT WORKS dismissed as "speculative assessments" stock market rumours of a bonus payment following the sharp rise in its share price on the stock markets on both sides of the Causeway. The share price gained about 38 cents to $2.94 in three fairly
    210 words
  • Article
    KLSE queries Sentosa on FMM share buy
    387 4 NOT so long after the settlement of Sentosa Plywood's last lengthy series of exchanges with the Kuala Lumpur Stock Exchange over share transactions, the company has come In for another detailed exchange grilling over Its recently announced plan to purchase 8.85 million shares
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  • COMPANY MEETINGS
  • LATEST RESULTS
    • Article
      South Johore Amalgamated
      36 4 Holdings Unaudited group/pre-tax profit M 5450,000 (loss, $135,000) for the year ended March 31. 1977. Turnover $5.72 million ($4.20 million). Company pre-tax loss $127,000 (profit, $100 000) on turnover $1.44 million ($1.55 million).
      36 words
    • Article
      Wilkinson Process Rubber
      53 4 Unaudited group pre-tax profit M 51.56 million ($938,878) for the first halfyear ended March 31, 1977. Turnover $6.84 million ($4.99 million). Estimated taxation $709,000 ($426,000). leaving net profit $856,487 ($512,878). Company pre-tax profit $1.57 million ($945,476) on turnover $6.79 million ($4.96 million). Tax $709,000 ($426,000), leaving net
      53 words
  • Article
    DIVIDENDS ANNOUNCED
    572 4 Caret Ex Date Total for Total far payment Dais payable the year preview* yea Mill nilwiah 20* JuneS June 29 30* 17.5* N.8.O.P. 7.5* June 15 June29 17.5* 17.5* TuChfef 12* June 10 June 29 12* 10** 8TP<OTS> 15*1 June 10 June 30 15*1 27.5* LMI 5.5*1 June
    572 words
  • Article
    Dry spell hits earnings at Perlis
    313 4 THE weather has been unkind to Perils Plantations so far In the current year ending Sept 30, 1977. According to Its latest interim report, the company suffered a 49 per cent earnings setbaok with estimated pre-tax profit down to M 5375,000 for the first
    313 words
  • Article
    Lock icon BJURMAN'S TRACK RECORD SPEAKS FOR ITSELF
    991 4  -  By L. SLOANE NYT MONEY managers often brag about their prescience and their ability to pick winners in the stock market. Here, in the city of 'superhype', exaggerations really flourish. The extraordinary is commonplace. But there is at least one successful Investment portfolio management
    NYT  -  991 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      458 4 THE BANK OF CANTON, LIMITED (Incorporated In Hong Kong on 21st February 1912) BALANCE BHEET A 8 AT 318T DECEMBER, 1»7«. LIABILITIES Hong Kong Dollars 121? im 12,431,830 SHARE CAPITAL (Note 2) 12,431,830 35,000,000 CAPITAL RESERVE 35,000,000 28,000,000 GENERAL RESERVE 29,000,000 1,424,710 PROFIT AND LOSS ACCOUNT 1,466,062 76,856,540 SHAREHOLDERS'FUNDS 77,897,892
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Bid for Avis begins today
      119 5 Reuter NEW YORK, Tues. Norton Simon said It completed the purchase of 3,743,504 shares of Avis held by a trustee and expects to Its cash tender offer for the remaining Avis shares at US$22 each tomorrow. The shares held by the court appointed trustee, Mr.
      Reuter  -  119 words
    • Article
      Lock icon Standard Electric 15-yr Eurobond
      105 5 Reuter FRANKFURT, Tues. International Standard Electric of New York will terminate its 100 million mark 15-year seven per cent Eurobond, floated In 1969, on next Sept 1, primary market sources said. Following five years of grace the loan was redeemed In two annual 10 million mark
      Reuter  -  105 words
    • Article
      Lock icon ALUMAX NEW PLANT
      100 5 Reuter NEW YORK, Tues. Amax told Reuters its 50 per cent owned Alumax Inc unit plans to build a US$4OO million primary aluminium reduction facility with an annual capacity of 197,000 tons in either Berkeley or Georgetown County, S.C. Construction of the plant is scheduled to begin
      Reuter  -  100 words
    • Article
      Lock icon Richmond merger
      50 5 Reuter RICHMOND VA., Tues. Richmond Corp said stockapproved the proposed merger with Continental Group by more than the required two-thirds majority. The company said completion of the merger Is subject to approval of California, Texas, and Illinois Insurance authorities, and a tax ruling, all expected by tomorrow. Reuter
      Reuter  -  50 words
    • Article
      Lock icon Allocations of UK Govt BP share offering
      392 5 UK COMPANIES Reuter THE Bank of England said preferential applications for not more than 2,000 un<Its of British Petroleum ordinary shares were accepted in full. Prom the public, applications for not more than 150 units were accepted in full. The bank said because
      Reuter  -  392 words
    • Article
      Lock icon Mobil Oil AG achieves sharp increase
      248 5 Reuter HAMBURG, Tues. Mobil Oil AO made a net profit of 184.2 million marks last year, up sharply from 40 million marks in 1975. The company, which Is owned by Mobil Oil Corp of New York, reported that turnover amounted to 4.91 billion marks
      Reuter  -  248 words
    • Article
      Lock icon UK Energy Dept agreement on Brae Field
      126 5 Reuter THE UK Energy Department has signed an outline agreement with participants In North Sea oil block 16/7 A, which Includes the Brae Field. No decision to develop any field within the block has yet been taken but in the case of commercial
      Reuter  -  126 words
    • Article
      Lock icon B. ENKALON ISSUE TO AKZO
      64 5 Reuter BRITISH ENKALON said approved the issue of 10 million ordinary shares at 25p each to Its parent Akzo. Following the issue Akzo will hold 27.42 million or•dlnary shares or 71.7 per cent of British Enkalon. Net proceeds, estimated at C 2.46 million will be
      Reuter  -  64 words
    • Article
      Lock icon Matsushita enjoys profit rise
      197 5 ASIAN COMPANIES Reuter TOKYO.Tues. Matsushita Electric Industrial made a non-consolidated after-tax profit of 23.17 billion yen for the first halfyear ended May 20, 1977. This represents an Increase of 14.4 per cent over a profit of 20.26 billion yen In the corresponding period In 1976 and
      Reuter  -  197 words
    • Article
      Lock icon Dunlop shares
      37 5 Reuter DUNLOP HOLDINGS said its €26.2 million rights issue was 86 per cent accepted. The shares not taken up have been sold at a net premium of 23.9p over the issue price of 83p. Reuter
      Reuter  -  37 words
    • Article
      Lock icon REVOLUTION UNDERWAY AT U.S. TRUST CO
      979 5  -  By Robert A. Bennett NYT THE attentive guard at 45 Wall Street is as unique as the Institution for which he works. A visitor approaches him and ask to see an officer of the United States Trust Co. "Yes, sir," responds the guard, addressing
      NYT  -  979 words
    • Article
      CHICAGO BOARD OPTIONS
      1216 5 On June 27 TRADING in options on the Chicago Board Options Exchange came to 84,101 contracts on Monday compared with 121,734 last Friday. OPTION JLY OCT JAN STOCK Alcoa SO 4 6 a 53V4 Alcoa 90 1/16 1/2 11/4 53V4 Am Tel 59 UNTRD NOL NOL 93
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    • Briefly
      • Article
        COSMOPOLITAN Properties and Securities
        34 5 Net profit HK115.4 million ($9.08 million) for the year ended March 31,1977. Final dividend three cents (five cents), making a total 14 cents (13 cents). Cash bonus of three cents.
        34 words
      • Article
        Kowloon Motor Bus Co (1933)
        53 5 Group profit after tax approximately HK544.56 million (net profit $33.35 million In previous year.) for the year ended Feb 14, 1977. Books close July 5 to 20. Final dividend 11 cents (17 cents), marking total 28 cents (27 cents) on capital Increased bv one-for-four bonus
        53 words
      • Article
        Paul Y Construction –
        41 5 Paul Y Construction Consolidated net profit HK823.14 million ($20.11 mllhon) for the year ended March 31. 1977. Books c weed Aug 19 to 30. Final dividend 10.5 cents (same) making total of 16 cents (15 cents) Bonus Issue one for 10.
        41 words
      • Article
        Olympus Optical
        29 5 After tax profit 1.91 billion yen for the first half ended April 30. 1977, (1.42 billion) on sales 30.41 billion (25.59 billion). Interim dividend 3.75 yen (same).
        29 words
      • Article
        Shiseido
        25 5 After-tax Km 4.56 billion yen for first half ended May 31, 1977, (4.31 bllhon), on sales 122.92 billion (110.15 billion) Dividend five yen (same)
        25 words
      • Article
        Tesco States (Holdings)
        28 5 Pre-tax profit £30.-49 million in 52 weeks ended Feb 26,1977, (£25.05 million In 53 weeks). Turnover £721.32 million (£634.83 million). Dividend 0.8267p, making 1.4592& (1.3266)
        28 words
      • Article
        Trio Kenwood
        31 5 After-tax profit 721 million yen for the first half ended May 20, 1977, (657 million same period last year), on sake 22.67 billion (22.54 bdtton). Dividend 4.5 yen (3.75).
        31 words
    • Article
      Lock icon Western Australia grants permit
      118 5 Reuter PERTH, Tues. The Western Australian Government has granted a four company-consortium a permit to search for oil In an area of more than 20,000 sq km about 2SO km north of Port Hedland, State Fuel and Energy Minister Mr. Andrew Mensaros said. He said the
      Reuter  -  118 words
    • Article
      Lock icon Foreigners buy more
      51 5 Reuter TOKYO. Tues. Foreign investors bought a net US$33 million of Japanese bonds and debentures last month, up from $7 million in April, the Finance Ministry said. However, foreigners sold a net $36 million worth of Japanese shares during the month, down from April sales of $44
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    • Article
      Lock icon Japanese, Aussie coal accord
      186 5 Reuter TOKYO, Tues. Japan's Electric Power Resources Development has reached basic agreement with two Australian collieries on the supply of at least half a million tonnes a year of coal from New South Wales to Japan over five years starting 1980. The accord emerged from separate
      Reuter  -  186 words
    • Article
      Lock icon Kansai Paint
      40 5 Reuter TOKYO, Tues. Kansai Paint plans to make a private placement of a 30 million Swiss franc bond in the Swiss capital market with Credit Suisse In October. securities market sources said. Kansai Paint declined to comment. Reuter
      Reuter  -  40 words
    • Article
      Lock icon Mitsubishi, HK bank joint subsidiary
      105 5 Reuter TOKYO, Tues. Mitsubishi Bank has established a Joint subsidiary, incorporated in the Cayman Islands, with Hongkong's Liu Chong Hlng Bank for offshore operations. The subsidiary, Mitsubishi International Finance, will have an office in Hongkong and will start operations on July 5 with an authorised
      Reuter  -  105 words
    • Article
      Lock icon Fuji Oil, Ralston venture
      75 5 Reuter OSAKA, Tues. Ralston Purina of the US and FUJI OH have agreed to set up a joint venture company In Japan this year to boost safes of soyabean protein for reinforcing processed meat production. The new firm, Fuji Purina Protein, will be capitalised at 300
      Reuter  -  75 words
    • Article
      Lock icon FADING INTEREST IN PNEUMATIC TOOL
      821 5 NYT NEW YORK, Tues. In this era of a shrinking Wall Street community with a dwindling number of analysts covering fewer and fewer companies, a corporation either impresses the analysts or tends to sink from public view. Chicago Pneumatic Tool is a case In point.
      NYT  -  821 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      58 5 <•> COPPER TIBE PIPE For all your requirements in: Air-conditioning Heat-exchanging Plumbing etc... jm V*~*TV' MERITS: 1. Excellent quality I 2. Available even in small quantity 3. Short delivery terms I 4. Stabilized supply! SINGAPORE KOBE PTE. LTD. ntMtdtarf of KOBE STEEL In Japan NO. 3, 6TH LOKYANG ROAD, JURONG
      58 words
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  • Article
    Share Information Service
    2253 6 1*77 Higfc LM> I fliwi 1 <aat late (V. Gr'a Net «r Dh yli P/l Vjl e'n Day 8) High U* SECTION ONE INDUSTRIALS 154 139 204 92* 215 101 198* 103 219 302 136 127 174 58 212 57 155 152 182 350 Acma Aetna A
    2,253 words
  • Article
    Transactions in Singapore
    1352 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterdur with the number of shares trawd shown In brackets in lots of 1000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "Sett." Big Board
    1,352 words
  • Article
    In Kuala Lumpur
    1462 6 IID and offer prices officially lsted and business In and eported to the Kuala Lumpur Stock Exchange yesterday with he number of shares traded hown in brackets In lots of .000 units unless otherwise pec I fled INDUSTRIAL* AIM* (1.798) <11) 1.79, (9) 1.7*. A. CM* (0.78B)
    1,462 words
  • Article
    Stock options
    58 6 STRIKING price* of the atock optiona officially liated on the Stock Exchange of Singapore the period*, bid and offer pricea and buaineaa done yeaterday. with the number of optiona traded ahown in bracket*. Inchcape (Sept $2.40) (0.068 0.158). (Dec $2.40) (0.08B). Pan Electric (Sept $190) °UX>.B. (Dec $3.20)
    58 words
  • Article
    Unit trusts
    136 6 SINGAPORE UNIT TRUST IMiawn' prioM tor Job* St) INCOME BOND UNIT (Carraat prim) INCOME BOND 1.05 1.11 The Commerce The Saving Fund 1.68 1.78dx O.M 0.99 MARA BUMIPUTRA FUND 8' pore Prof Fund 0.85 0.90 (Mamacen prices tor June or 1 8'pore Security Fund S pore Invest Fund
    136 words
  • Article
    CORPORATE BONDS
    148 6 B O T 8 1/2% 1981 (100,000) (102' iB 103'vS) B O T 7 5/8% 1984 (100.000) (98NB 9fl v «S) Credit Lyonnaia Floating 1983 (100.000) (98V.8 98%5) DBS Converta 6 1/2% 1991 (100.000) (98HB 98 7 45) D B S 8 1/2% 1982 (100.000) (100'*B 101SS) E
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  • Article
    GOVERNMENT BONDS
    132 6 Rep Spore D Mark 7% 1982 (100,000) 101WS) Rep Spore D Mark 6 1/2% 1983 (100.000) (98*B 99'«S) Rep Spore 7 3/4% 1987 (100,000) (1008 100^S) 5 1/4% 15/7/78 (250,000) (101.508 101 60S) 4 3/4% 1/5/79 (250,000) (100.848 100 90S) 5 1/4% 15/10/79 (250,000) (101.75B) 5 3/4% 1/6/78-80
    132 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      169 6 u :> >h i*l mm IliJl Wfolsey Hall Economics Commerce Administrative Practice Secretarial Company Secretarial Practice General Principles of English Law Company Law Labour Law Mercantile Law Sales of Goods ft i-l rvi f ri r(■.♦i-TLn Business Administration Business Finance Industry and Trade Labour Economics Management Management Accounting Business Statistics
      169 words
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  • Article, Illustration
    DULL DAY ON SES
    538 7 THE STOCK Exchange of Singapore elwid gsaorally mixed in doll trading conditions yesterday. Activity was ma lower than Monday's with trading concentrated on a tow old market favouritee like Haw Par, Sime Darky, and Inckcape and a kandful of speculative issues in tke second section. Specnlntive
    538 words
  • Article
    STEADIER CLOSE AT KL
    430 7 PRICES wavered uncertainly on the Kuala Lumpur Stock Exchange yesterday before light covering activity Induced a slightly stead er close. The erratic price fluctuations persisted in the afternoon although shares on balance tended marginally higher towards the close. During the day very little fresh Interest was
    430 words
  • INTONATIONAL STOCK MARKETS
    • Article
      Hongkong
      354 7 HONOKONO: The market closed slightly firmer with Jardine Mstksssa 20 cents higher at $15.20 In quiet trading, dealers said on Tueoday. The Hang Beng Index closed 1.43 points higher at 436.02 points. HK Dock closed 20 cents lower at 911.70 while HetcMs— was unchanged at 93.35 Bwire Pacific and
      354 words
    • Article
      Tokyo
      527 7 TOKYO: Share prices closed mixed with a steady undertone, affected by the appreciation of. the yen, falling Japanese Industrial production In May, the reported widening U8 trade deficit with Japan and the overnight fall on Wall Street, dealers said on Tuesday. The Dow Jones average gained 7.26 to 5,006.79
      527 words
    • Article
      Sydney
      389 7 SYDNEY: The market closed lower, with uraniums under pressure and Industrials weaker where changed, dealers said on Tuesday. The Sydney All-Ordinaries Index shipped 0.38 point to close at 455.13. Pan continental (ell 50 cents to 911.40, CKA three cents to 93.25, Pake-Walloon* 22 cents to 95.76. BHP eight cents
      389 words
    • Article
      Manila
      193 7 MANILA: Most leading oils rose substantially In active trading on Tuesday, is Investor Interest swung back to the sector following the latest drilling reports, dealers said. Orimtal and Basks Petroleum rose three and two points respectively., although Traaa Asia fell two points. In mining, Mariaduque rose one point, while
      193 words
    • Article
      Bangkok
      95 7 JUNE Bahts Asia Fibre 185 Bangkok Bank 331 •2 Bangkok Invest 1M -1 Bangkok-Metro-politan Bank Bata 571 -2 Berll Jucker 296 4-6 CharoongThal 173 unch Wire Dumex DusitThani 196 unch Faber Merlin First Trust Indo-Thai Industrial Finance Corp 1206 -10 J And J Ho 233 Jalaprathan US unch Cement
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    • Article
      Amsterdam
      281 7 AMSTERDAM: The market closed slightly higher after easing Initially In quiet trading with Royal Dutch leading Dutch Internationals two guilders higher. Heogevens, however, fell Elsewhere banks, Insurances and transports firmed. Most trading and Insurance stocks fell. State loans were little changed In very quiet conditions. JUNE V KU Ahold
      281 words
    • Article
      Brussels
      155 7 Falls outnumbered gains In quiet trading, dealers said on Monday. Local Issues to rise Included ElectroM. Union Minim. VMlla Montmgne. Acne, Wagoni-Llti. GB-INNO-BM and chemical shares. Ajturi—w. Clabaoq, and Mm fell. UK and French stocks rose. Ooid mines also climbed and most American stocks moved up. Germans and Dutch
      155 words
    • Article
      Frankfurt
      315 7 FRANKFURT: Shares closed mixed with a weaker bias after an uncertain start, bourse sources said on Monday. Some major chemicals roee by 0.90 to 1.20 marks, while Stomsns cloeed 1.99 firmer and t>r«s9asr gained 1.50. These movements were due to scattered buying interest. Motors dropped by up to 0.90
      315 words
    • Article
      Milan
      165 7 MILAN: Btocks finned slightly In quiet trading after an uncertain opening due to buyers reserve, dealers said on Monday. Most leading Industrials, flnanclals and banks firmed MaaudiMa was almost unchanged, while shares of Its subsidiary MooUAbre fell sharply. Italccnenti was also marginally lower at ***** lire from ***** while
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    • Article
      Paris
      341 7 PARIS: The market was slightly higher on balance, dealers said on Monday. The percentage point rise In call money to 8% per cent and news of the O.t per cent retail price rise In May had no effect on trading. Metals, oils and chemicals rose while engineerings and electrlcals
      341 words
    • Article
      Zurich
      288 7 ZURICH: The market closed generally steady In moderate trading on Monday. Swissair roee on Its favorable monthly report. Banks ruled generally very steady. Schwsissrlocko Krodhaastak bearer and registered posted early gains following the Extraordinary Oeneral Meeting on Friday but cloeed unchanged In balance. Small gains predominated In fln&ncials. led
      288 words
    • Article
      Jo'burg
      402 7 JOHANNESBURG: Gold shares firmed In line with the higher bullion price, and dealers reported renewed buying Interest on Monday. Heavyweights generally gained up to 30 cents and medium and lightweight Issues up to 15 cents. Mining flnanclals were mixed. Coppers were quiet on lack of Interest, and platinums were
      402 words
    • Article
      Toronto
      302 7 TORONTO: The composite Index closed with a lon of more than two points after holding a small rain in morning trading, while declines outpacing advances 215 to 205 on Monday. M. Loeb rose 80 cents to 5-1/4. Trading In the stock resumed on Monday following news last week that
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    • Article
      New York
      1165 7 NEW YORK. Stock prices finished lower along a fairly broad front with blue chips leading the decline on Monday. Trading was moderate. Analysts linked Tuesday's weakness mainly to technical factors following a solid advance last week. A published report of an expected sharp drop In July steel shipments
      1,165 words
    • Article
      Indices
      61 7 FINANCIAL TIMES INDUSTRIALS Monday 450.5 Friday 449.6 Week Ago 445.2 DOW JONES AVERAGE INDUSTRIALS Monday 924.10 Friday 929.70 Week Ago 924.27 LONDON DOLLAR PREMIUM Monday 112*, to 113* Friday 113 to 113* H.K. HANG SENG Monday 434.59 Friday 436.43 Week Ago 440.06 SYDNEY INDUSTRIALS Monday 374.38 Friday 374.16 Week
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      Page 7 Advertisements Column 1
      65 7 Ml f J ss j s V> w s > a a «V l: A W, 1 Ey KllSfe ">4.U- 1I r v ii; '«V.=' .V r: r r*'v ♦> J lißMll S -M: r W P i^ v >/-c Ppl WM*n jpflig Act NOW Posf f/i/s coupon for a
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  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      520 8 IN the Singapore rubber market yesterday, prices opened fractionally lower and fell a further half cent on light selling. However, some buying interest emerged at the lower level and values recovered slightly towards the close, dealers said. Volume was small while forwards and physicals were
      520 words
    • Article
      R.A.S. PRICES
      302 8 Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.8.8. prompt f.o.b. 186.25 187.2SN 188.73 187.7SN Int. 1 R.8.8. July 186.90 187.00 187.00 187.25 Int 1 R.8.8. August 188.79 189.23 188.00 188.50 Int. 2R.S.S. 188.00 187.00N 188.15 187.2SN UK/Cont 188.00 188.00N 185.23 188.29N Int 3R
      302 words
    • Article
      SSR AND SMR
      79 8 Jaljr A ■tart R.A.8. (Caa mat MU| (Far* Bvycn raHMtk) Sfllm («M|>t|) »P«k«) SSR20 (1-ton Pallet) 180.00 191.00N 190.00 192.00N 88R SO (1-ton Pallet) 187.00 189.00N 188.00 190.00N M.R.E.L.B. SMR5CV (1-ton Pallet) 212.50 214.50N 212.50 214.SON SMR5L (1-ton Pallet) 210.S0 212.SON 210 50 I12.50N SMR 5 (1-ton
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    • Article
      Closing prices
      29 8 Robber: June 28 SiasaDore: jJyIB7.QO cts (down 0.25 et.) Malaysia: July 187.75 cts (down OJO et) Tin: 81,427 (down 88) Official offering: 188 tennee (down 7 teanee)
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    • Article
      Cocoa
      121 8 LONDON. Tues. Terminal gained £74 (near September at £2,732.50) to €42.50 per tonne in early dealings, having staged a £40 limit advance in December, at £2,500 soon after the opening. Futures closed the morning with reduced gains from last night of £57 (September at £2713.50 bid) to £35 per
      121 words
    • Article
      Produce exchange
      452 8 FOREIGN buying Interest continued to be seriously lacking at the Singapore produce market yesterday. The main deterrent was the wide differences In price Ideas. Following the weak close In the London overnight market, some inquiries were received from Europe for coffee but these had all to be turned
      452 words
    • Article
      Coffee
      462 8 LONDON, Tues. Futures ended the opening session easy with losses against last night of £129 to £108 per tonne. A total 592 lots were traded. Market sources noted that an appeal by the owners of 49 lots of Nigerian coffee which had been classified as untenderable on June 24
      462 words
    • Article
      Palm oil
      74 8 CIF Rotterdam. U8 dollars per ton. LONDON: Malaysia 5* f fa tmlk Am Sumatra 5% June July Aug Sept Nov Dec Jan I i nihil Pli>. unq •29 air 507.50 air 582.90 air 570 air STl.SOpd sn.sopd SMpd Nigerian 5S ffa bulk Sterling per long ton ROTTERDAM Sumatra
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    • Article
      Straits tin market
      270 8 THE Straits tin price In Penang yesterday was down (3 to $1,427 on an official offering down 7 tonnes to ltt tonnes. The price continued to fall on low consumer demand from US and Europe quiet trading, dealers said. In LONDON yesterday, tin closed the morning around
      270 words
    • Article
      Sugar
      214 8 LONDON. Tues. Terminal opened £1.10 to £0.50 per tonne down from yesterday's 5.00 p.m. levels but about unchanged from the kerb close. Sales totalled 619 lots. Dealers said prices held steady during the opening call In small two way trade house activity but neither side was particularly pressing in
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    • Article
      Rice
      213 8 BANGKOK, Tues. Indicative prices quoted here were: (US dollars per tonne fob basts Bangkok) White Rice: 100 per cent Ist class 296 100 per cent 2nd 283 100 per cent 3rd 270 S per cent 269 10 per cent 244 15 per cent 241 20 per cent 238 25
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    • Article
      Hongkong comex
      113 8 HONGKONG, Tues. The market closed sharply lower In fairly dull trading, after opening with December seller quoted limit down at 62.30 US cents, In anticipation of a further decline in New York tonight, dealers said. Final losses ranged from 2.06 to 3.00 cents. October and December were untraded
      113 words
    • Article
      SPOT PRICES
      192 8 TARN and cotton ex-codown price* in Honffcoof doDari: CMm Yarn China: Blue Phoenix 20 s 1.960, 32 s 2,060. 40 s 2.190. (per bale of 400 lbs). Plaaa Gcods China: Butterfly and Otobe Brand unq. Dragon Head unq. n*e Lambs unq. Flower and Butterfly unq. Flying Oeese unq.
      192 words
    • Article
      Soybeans
      130 8 CHICAGO, Tues. Soybean futures rose sharply In early dealings yesterday and showed gains of around 22 to 13 cents a bushel. Soybean futures closed with gains of 24 1/2 to 7 1/2 cents a bushel. Last Friday's late strength encouraged technical buying which encountered little selling In the morning
      130 words
    • Article
      Wheat
      77 8 CHICAGO, Tues. Wheat futures advanced as much as nine cents a bushel in early trade yesterday before easing back to show gains of around five cents. Wheat futures doeed with gains of 9 to 7* cents a bushel, finishing at the day's highs Speculative buying was stimulated by strength
      77 words
    • Article
      Copper
      379 8 LONDON, Tues. Copper wire bars finished the mornInc with losses of mostly £17 per tonne. The weak New York close unsettled the pre-market where general liquidation took Three Months down to £770 at the outset. Some shortcoverlng and profit-taking emerged at the lower levels, however, and up to £775
      379 words
    • Article
      Silver
      206 8 LONDON, Tues. Silver registered losses of 1.0 to 1.3 pence. Values were marked down at the outset of the premarket reflecting the utter trend at New York yesterday, dealers said. Prices subsequently fluctuated within a fairly narrow range with steadiness In gold providing underlying support, they said. Three Months
      206 words
    • Article
      Lead
      71 8 LONDON, Tues. Lead fell in the morning by mostly £8.00. Three Months traded from £342 down to £333 In the pre-market but steadied to £336 in the ring. Subsequently, proflt-ta-king and liquidation touched off stoploss selling which took Three Months down to £330 on the kerb and to £324
      71 words
    • Article
      Gold
      427 8 THE kllobar opened higher In the Singapore gold market yesterday at 8611,450. However, tradlns was cautious as many felt this was too high and soon profit-taking set In and brought the price down to 8611,395. In the afternoon, selling pressure Intensified and the kllobar retreated to close at 8611,370.
      427 words
    • Article
      Zinc
      77 8 LONDON, Tues. Zinc declined In the morning by £9.50 for cash and £10 for Three Months. The trend In copper and lead unsettled this metal with long liquidation and hedge selling. Three Months was pushed from £331 at the start of the pre-market down to £324 In the ring
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  • MONEY AND EXCHANGES
    • Article
      Singapore
      495 8 THE Singapore foreign exchange market saw a generally buoyant US dollar yesterday following news of a narrower US May trade deficit of US$l.22 billion. Against the Hongkong dollar, the US unit continued its climb from the opening of HK54.6820/30 to hover around $4.6880/90 when the London market opened during
      495 words
    • Article
      Minimum lending rates
      58 8 acbc IK Pint Oleua au Algemeee Bank IK ■i i' i IW'i Baaakok Bank Bank of Amfif 7 IH 11' 1 Hjri SB-H Bank of China 7 Malayan IK Bank of Tokyo #K MiUui Bank IK Bai\k Negara 7 OCBC OUB IK IK Chartered Bank CH UCB
      58 words
    • Article
      Asian $ rates
      154 8 Asian rates ASIAN currency deposit interbank rales as at close on June XS US Dalian (Spat) Offer BM 7 days .5 15/16 5 7/1 1 mth 515/16 2 mths .513/16 5 3/4 3 mths 61/16 6 mths .6 5/16 61/4 9 mths .6 7/16 6 3/6 12 mths .••/1« 61/2
      154 words
    • Article
      Discount
      43 8 RANGE of price* offered houses on June Overnight 3* Call deposit 2Vi to 3* by discount 3-MonUi Treasury Mils 3-Month Bulk Mils 3-Month CD •-Month CD Qnh| S 4 1/1 4 1/1 «11/M 11/% 4 4M 4t/lt Source: National Discount Co Ltd
      43 words
    • Article
      Euro $ rates
      178 8 Euro rates LONDON. Tues. Eurodollar deposits opened little changed but rates edged slightly higher in early trading, dealers said. Period rates are now dealing for the turn of the month and moderate to active trading was reported due to the end of the month, which also Incorporates the end of
      178 words
    • Article
      New York
      181 8 NEW YORK, Tues. The dollar closed slightly weaker despite news the US trade deficit In May fell to US$l.22 billion from a record 2.62 billion in April, dealers said yesterday. Sterling, which came under persistent upward pressure here, closed at $1.7201/04 from 1.7195/98 on Friday. Dealers said the
      181 words
    • Article
      London
      199 8 LONDON, Tues. Sterling held steady, slightly above the $1.72 level In moderate opening trade while forward discounts against the US unit, especially in near periods, narrowed further, dealers said. Some dealers said the Bank of England was holding the spot rate by buying dollars. Sterling traded around $1.7203/ OS
      199 words
    • Article
      Hongkong
      119 8 HONOKONO, Tues. The Bank of England continued Intervention here, selling pounds In amounts that in regional terms were fairly substantial, and sterling closed at U551.7202/04 virtually unchanged from New York's 1.7201/04, dealers said. On the local market the US dollar firmed to HK54.6885/05 from yesterday's 4.6820/40, after touching a
      119 words
    • Article
      Australia/NZ
      56 8 AUSTRALIA/NZ exchanges on June 28 Australia: Sterling 0 MM/0 6418 US dollar 1 1125/1.!077 Ninety-day air mall buylnc rates: Sterling O HM US dollars 1 137® Ninety-day forward buying rates: Stertaf 0.6477 U8 dollars 1100# New Zealand Stertlnc 0 5014/0 5683 US dollar O.fflM NH Ninety-day forward rale: Btertlnc
      56 words
    • Article
      Zurich
      48 8 ZURICH exchanges closing quotes on June 27 US 2.45M-4997 UK 4.27M-2790 Can 2.3399-3410 W Oenn 1M.37-94 NeUi M.60-M France M.34-37 Betg 6.97-971/4 Denas 4103-06 Norw 46 65-68 Swed 56 02-06 Italy 0 3907-M Austria 14M-M Port 6 42-44 Span 3.M 3/4-57 1/4 Ar( 0.99-70 Japan 0.01 1/2-92
      48 words
    • Article
      Frankfurt
      40 8 FRANKPURT exchanges opening quotes on June 28 US 2.3618/26 Can 2.2146/65 UK 4 643/063 NeUi #4.17/27 Swlts 94 70/ M Italy 2.66/V6 Franc* 47.66/75 Norw 44 14/22 Beta com 6 49/50 fv>i« rin a so/M Jit pun 6.MM/ W
      40 words
    • Article
      Tokyo
      80 8 TOKYO, Tues. The yen strengthened sharply following news of a widened US May trade deficit with Japan, dealer* said. The US dollar for overnight delivery closed at 270.75 yen, the lowest since April 12, compared with 271.40 at the opening and 271.65 at yesterday's close. Dollars for Immediate delivery
      80 words
    • Article
      Eurobond prices
      273 8 LONDON Eurobond prices on June 28 StrafcMs Bid Offer Austria 8*90 101* 102* Bel) Canada 8V, M 108 106* BFCE 8%. 83 101* 102* Brazil 9* 84 87* 98* Can Pacific 9*83 103* 103* Credit National 8*88 98 99* ESC8883 103* 103* EEC8W82 101* 101* EEC 7* 79
      273 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      105 8 FURniTURE t iIH i? it m i w I X A complete range of quality office furniture and equipment consisting of desks, cabinets, chairs and aK other office requirements. a OEM open and closed type shelvings provide ftexi ble load carry capacity for every storage need. m > T-- X
      105 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon Hamburg – Lueneburg Canal reopened
      156 9 Hamburg Lueneburg Canal reopened Reuter HAMBURG, Tues. Europe's newest waterway, the 115 km long HamburgLueneburg Canal was quietly reopened yesterday after being out of action for nearly a year. Only a month after It was first opened In June last year, the waterway burst Its banks emptying six million tonnes
      Reuter  -  156 words
    • Article
      Lock icon Concorde decision on Bastille Day?
      455 9 Reuter HEW YORK, Tues. The new chief of the Port Authority of Hew York and Hew Jersey the operator of Kennedy Airport thinks the agency could make its long-awaited decision on Concorde test flights here on July 14, Bastille Day. But Alan Sagner, the 53-year-old
      Reuter  -  455 words
    • Article
      Lock icon Le Havre terminal
      85 9 AFP LE HAVRE, Tues. Minister of Equipment Jean Pierre Fourcade yesterday officially opened this Channel seaport's third container terminal. The terminal, designed to cope with the mounting container traffic, is in a zone in which a new com-. mercial port will be set up, to the east
      AFP  -  85 words
    • Article
      Lock icon London freight market
      195 9 AP LONDON, Tues. Grain chartering failed to expand yesterday, leaving the market In a continued state of lethargy. However, there was no evidence of any further rate weakening. On the contrary, In one case a better figure was recorded when the "Scherpendrecht" secured US$4.7O (FIO) for a
      AP  -  195 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      561 9 ARRIVALS Service Loca J Operator Number Tfane From TMA TL304B 0530 TPE MAS MH682 0810 KCH PAN PA847 0810 SFO/HNL/OUM CPA CX710 1000 HLP i SIA SQ211 1015 HLP OIA GA980 1030 HLP THAI TG423 1035 BKK THAI TG981 1050 BKK GIA GA908 1100 MES PAL PR501
      561 words
    • Article
      IN PORT
      429 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Gelang (0600) 18 Centaur (1800 after Pluma Rico) 42/43 Hoi Kung (after Mlnetaka Maru) 25/26 Jens Maersk (after Yue Flower) 29/30 Kelyo Maru (JNFC) (after Berezovka and Priam berths) 38/39 King Peral (0600 after Montes) 23 King Sun (0600 after Sumber Tunas
      429 words
    • Article
      Lock icon BILL FOR AIRPORT NOISE SUITS
      131 9 Reuter ALBANY, New York, Tues. A bill that would allow damages suits by people whose house values were affected by airport noise at New York's Kennedy AlrKrt was approved by the rw York State Assembly yesterday. The Bill, which must now be considered by the
      Reuter  -  131 words
    • Article
      Record membership brings danger of overcapacity
      338 9 LONDON, Tues. Lloyd's faces the danger that this year's record number of membership applications, likely to exceed 5,000, would bring an unhealthy overcapacity in the marine market and possibly the aviation market. Sir Havelock Hudson, chairman, told members at the annual general meeting. The
      338 words
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      Page 9 Advertisements Column 1
      731 9 THE BANK OF NEWYORK COMPANY INC. 48 WALL STREET, NEW YORK, N Y. ***** Consolidated Statement of Condition <ai amounts in u.s. do«ar*) December 31, 1976 1975 Cash end Due from Banks 607.236.476 S 545,153,106 Due from Banks at interest 641,216,373 454,094,183 Investment Securities (Notes 1 and 3) U.S. Government
      731 words
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  • Article, Illustration
    Lock icon HARD TIMES IN GHANA
    1587 10  -  Western economic exports say Ghana'* once-booming, cocoa-baaed economy if on the verge of collapse and famine is claiming many lives, but pride and protocol are taking precedence over need By JOHN PLATTER UPI ACCRA: The five-year-old military regime In this West African state Is attempting to
    UPI  -  1,587 words
  • Article
    Will cashewnut become a major crop for Malaysia?
    1243 10  -  In terms of net returns, cashew may be more promising than cocoa because of lower maintenance and development costs. A research unit may be set up soon by a Fima subsidiary to carry out more tests on the crop. Low Lee Choo
    1,243 words
  • Article
    Steady recovery by merchant banks
    1141 10  -  By SOH TIANG KENG SPECTACULAR is not exactly the word to describe Improvement in the business of merchant banks in Singapore since the depths of the world recession. Nevertheless, they are staging a steady recovery from the darkest recession days of 1974 when they reeled
    1,141 words
  • Article
    Lock icon LUCKY LAWYER: 200 NOT OUT
    1126 10  -  He is only i little man 1.65 metres high but hit is one of the most persuasive voices in the world and he has set a record for the defence of accused murderers that is never likely to be approached by any advocate. Hubert Williams
    Reuter  -  1,126 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      54 10 we're not the tallest it S II r. W»ll 1 i Straits Trading Building but our rent feTit either We have office space to rent, from 960 sq. ft (80 sq. m) to 6,570 sq. ft (610 sq. m) Straits Developments Private Limited 2000 Straits Trading Building, 9 Battery Road,
      54 words
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  • Article
    Lock icon Uranium as trade lever hint by Australia
    452 11 Reuter SYDNEY, Tues. Prime Minister Malcolm Fraser returned here today from an overseas tour convinced that European countries were eager to buy Australia's vast uranium supplies. Mr. Fraser hinted that the expected uranium exports might be used to overcome what he described as
    Reuter  -  452 words
  • Article
    Big surplus of grain poses problems too
    386 11 THE spectre of famine has faded as the world Is now facing a huge surplus of food. Chase Manhattan Bank says that only a few years ago, there was widespread fear that the world could no longer feed Its burgeoning population. "In sharp
    386 words
  • Article
    Five-day display of machinery
    154 11 THE International Fair Promotion and Marketing Services (Infam) Is organising a five-day seminar and exhibition of material handling and construction machinery at the National Stadium from Oct 5. The exhibition, to be known as IMAC *77, will involve some 160 manufacturing and distribution firms from 15
    154 words
  • Article
    Lock icon S. Pacific — next arena for power struggle?
    182 11 S. Pacific next arena for power struggle? AFP AUCKLAND, Taes. TVs New BeiU as we rnc today tee 4 at e great pewer stoaggte la the death Pacific aver rftek iwswujss avaltekte by Tki paper was pSssfcaistar lobs* mJE dew's talks wttk VWeaak Praariar laymad Bene la Paris lest week.
    AFP  -  182 words
  • Article
    Lock icon Logging test
    42 11 Reuter MANILA, Tues. Philippines Cities Services reported It has completed a series of logging tests at the South Nldo well of northwestern Palawan and has taken sldewall cores, ths Energy Development Board said. The results are being analysed and evaluated.
    Reuter  -  42 words
  • Article
    Lock icon US pact undermines HK garment industry
    492 11 AFP Reuter HONOKONO, Tues. Hongkong's garment exports to the United States will be herd hit by a new bilateral agreement lnl♦Wlt—« pfc Usually reliable souress sear that no annual growth rate will be allowed In some catsjortss while In othsrs It has been cut
    AFP; Reuter  -  492 words
  • Article
    Lock icon Three little secrets of Japanese success
    305 11 Reuter HAMBURG, Tues. Japanese Premier Takeo Fukuda believes the extraordinary energy and diligence of his countrymen have helped make Japan the world's third greatest economic power. Mr. Fukuda was explaining to the magaslne Stern, In an Interview published here today, how his country had
    Reuter  -  305 words
  • Article
    Lock icon Estimate of steel output
    176 11 Reuter TOKYO, Tues. Japan's crude steel production in the second quarter (July to September) of fiscal 1977 will decline 1.0 per cent to 25.45 million tonnes from the current quarter's 25.80 million tonnes, the Ministry of International Trade and Industry said. This compared to 28.01 million
    Reuter  -  176 words
  • Article
    Lock icon Textiles back on profit path in the Philippines
    297 11 Reuter MANILA. Tues. The Philippine textile Industry posted last year aggregate earnings of 3.6 million pesos compared with an operational loss of 10.52 million pesos In 1975, the Securities and Exchange Commission (SEC) said. Net sales reached 2.2 billion pesos. In Increase
    Reuter  -  297 words
  • Article
    JAL picks six for study grants
    104 11 JAPAN Airlines has selected six Singapore students for Its annual summer scholarship tenable at Sophia University. Tokyo. The students are Miss Sheila Chandran and Miss Serene Wee from the University of Singapore; Mr. Mok Seow Koon and Mr. Ng Ser Kwer from Nanyang University;
    104 words
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      673 11 KWONG LEE BANK BERHAD (INCORPORATED IN MALAYSIA) BALANCE SHEET AS AT 31 ST DECEMBER, 1976. SHARE CAFTIAL Authorised: $25,000,000 29,000,000 shares of $1.00 each Issued and fully oakl: $8,156,000 0,156,000 shares of $1.00 each 3,000,000 GENERAL RESERVE, note 2 324,626 PROFIT AND LOBS ACCOUNT 0,480,626 SHAREHOLDERS'FUNDS CURRENT LIABILITIES 60,872,326 Current,
      673 words
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  • WORLD TRADE CENTRES ASSOCIATION ROUNDUP IN TERESA LIM
    • Article, Illustration
      Explore opportunity for further trade expansion with Asean
      723 12 A FIRM plea for more liberal trading policies was made at the official opening of the World Trade Centres Association's (WTCA) eighth general assembly yesterday. This echoed Prime Minister Lee Kuan Yew's call for a rejection of protectionist barriers at the Asean
      723 words
    • Article, Illustration
      Investment climate of region is sound says banker
      329 12 TRADE and Investment opportunities in South-east Asia will continue to be very good, said Mr. Hsuan Owyang, general manager of Overseas Union Bank. Mr. Owyang was speaking at a forum on "Trade and Investment Opportunities In South-east Asia", organised for the World
      329 words
    • Article
      Trade centres are bulwarks against protectionism
      127 12 THE protectionist sentiments of some developed nations, seeking to protect their own markets. Is an adverse development that does not augur well for the economic recovery of the world. "It Is therefore more vital than ever for there to be organisations like the World
      127 words
    • Article
      Rollei to invest $10m in new processes
      463 12 ROLLEI Singapore will Invest a further $10 million on new production processes for the company, bringing Its total Investments here to <120 million. This was disclosed by Mr. F.W. Aldag, managing director of Rollei Singapore, at a forum on "Trade and Investment Opportunities
      463 words
    • Article
      How trade can be facilitated
      336 12 WORLD Trade Centres Association (WTCA) should facilitate trade between developed and developing nations by simplifying trade documentation, procedures and practices. "In particular," Mr. Llm Kim San, Minister for National Development and Communications, said, "the association should examine the importance the communications In trade." Trade, he
      336 words
  • Article
    Lock icon Study on set-up of technical centre
    143 12 AFP KUALA LUMPUR, Tues. Japan is considering Malaysian proposal to set up a technical training centre in this country. The leader of a visiting four-member Japanese mission, Mr. S. Kowata, said here today that a team of Japanese experts were already studying the project,
    AFP  -  143 words
  • Article
    Lock icon One in a million windfall for two
    184 12 AFP MANILA. Tuss. A US$l,OOO (812,460) money order mistakenly transmitted a* a SI million remittance hu turned a Filipino husband and wife into millionaires overnight, it was reoorted today. The Manila daily "Bulletin Today" said the remittance for the conple was received last
    AFP  -  184 words
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    Lock icon Japanese rap subsidies to European yards
    274 12 Reuter PARIS, Tues. European governments came under strong Japanese pressure yesterday to explain the spread of subsidies in European shipbuilding, European officials said. Japanese delegates attending shipbuilding talks here at the Organisation for Economic Cooperation and Development argued that European shipbuilders should not be
    Reuter  -  274 words
  • Article
    Lock icon 'Jet noise' payment defaulters may face penalty
    176 12 Reuter TOKYO.Tues.-The Japanese Transport Ministry said today It planned to penalise all foreign airlines flying regular flights to Japanese airports for falling to pay charges for noisy takeoffs and landings. The Transport Ministry said 28 of the airlines were fighting a legal battle
    Reuter  -  176 words
  • Article
    Lock icon GERMAN SURPLUS
    77 12 Reuter WIESBADEN, Tues. West Germany's foreign trade surplus In May rose to 3.61 billion marks (553.78 billion) from 2.94 billion in April and compared with 3.29 billion in May 1976, the Federal Statistics Office said. Provisional Bundesbank figures also show that West Germany had a current account balance
    Reuter  -  77 words
  • Article
    Singapore offers more incentives to investors
    412 12 SINGAPORE offers more incentives to foreign Investors than any other country In South-east Asia. This Is how the Union Bank of Switzerland rates the Republic as an Investment attraction In this region. In a special economic study, the bank says Singapore offers assistance to
    412 words
  • Article
    Deutz may make rock crushers for building industry
    276 12 DEUTZ Far East Is looking Into the possibility of manufacturing hard rock impact crushers for the building and mining industries. Mr. John Bentley, manager (crushing and classifying) of HumboldtWedag, a division of Deutz Australia, told Business Times that the crusher machines have
    276 words
  • Article
    ' Current exchange rate stability won't last'
    175 12 Current exchange rate stability won't last' FOREION exchange rate movements in world markets have tended to stabilise since the start of this year. It 1* not clear, however, if this narrowing In rate fluctuations Is seasonal, says the latest Issue of a news bulletin by Continental Bank of Chicago. It
    175 words
  • Article
    Lock icon Marcos: Countries of Asean will prosper
    195 12 UPI MANILA. Tues. President Marcos todsysald he believes Asean will achieve economic prosperity. Mr. Marcos made the statement during the presentation of the letters of credential of Profsssoc Maurice Baker as the new ambassador of Singapore to the Philippines. Prof. Baker succeeded Mr. Cheam
    UPI  -  195 words
  • Article
    Kulim board admits error in report
    193 12 THE director* of Kulim (Malaysia) Berhad have notified the Stock Exchange of Singapore that their recent report and accounts contained an error. In the "Highlights" statement, net aueti were ghw aa $1.60 a share whoa they should have been Sl.gl a share. Also, total
    193 words
  • Article
    Lock icon Fish zone
    35 12 Reuter TOKYO. Tues. Tht Japanese government today delayed application of Its new 320-km zone to Soviet fishermen pending conclusion of an Interim quota pact between Moscow and Tokyo, the Foreign Ministry said. Reuter.
    Reuter  -  35 words
  • Article
    Lock icon Suharto to meet Bhumibol
    62 12 AFP BANGKOK. Tues. Indonesian President Suharto will be granted an audience with Thailand's King Bhumibol during his two-day visit here from July 4-5. an official source reported today. The source said the Indonesian President was scheduled to arrive at 10 a.m. on July 4 after which
    AFP  -  62 words
  • Article
    LONDON STOCKS
    687 12 LONDON Tues. Trading in British PatroUiua shares dominated the session, dealers said, with the new shares finishing 21 pence higher at 301 and the "old" shares 14 pence up at 940. Other oils were mixed. The rest of the equity market and government little change from mid-session easier
    687 words
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      60 12 Executive's Lunch Special ■Ki '7^ L m ivs^»7; iSV' f| i m A ■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)
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