The Business Times, 4 July 1977

Microfilm: NL9344
Total Pages: 10
1 10 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 MONDAY, JULY 4, 1977 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Lock icon Ecevit resigns
      54 1 AFP ANKARA, Sun. Prime Minister Bulent Ecevlt's minority Republican People's Party social democrat government today lost a vote of confidence. Voting In the National Assembly was 220 to 217, with two abstentions and one absentee. Immediately after the voting, the 52-year-okl Premier-designate drove to the presidential palace to
      AFP  -  54 words
    • Article
      Lock icon Journalists meet
      48 1 AFP MANILA, Sun. Fifty-one senior Journalists from Asean will meet from July 7 to 11 In Manila for the second general assembly of the Confederation of Asean Journalists (cAJ). The Philippines will have 18 delegates, Singapore 13, Malaysia 10, and Thailand and Indonesia five each. AFP
      AFP  -  48 words
    • Article
      Lock icon Fertiliser high
      37 1 AP TOKYO, Sun. China's chemical fertiliser production for the first half of 1077 hit alltlme high, an increase of 13 per cent over the same perlodof last year, the official Hslnhua News Agency reported. AP
      AP  -  37 words
    • Article
      Lock icon North Korean zone
      78 1 Reuter TOKYO, Bun. The Foreign Ministry here has instructed a Japanese delegation to the United Nations Law of the Sea conference in New York to contact Its North Korean counterpart and seek detailed Information on North Korea's proposed 320-km economic zone, a spokesman said today. The instruction
      Reuter  -  78 words
    • Article
      Lock icon EAC services
      61 1 Reuter NAIROBI, Sun. Uganda and Tanzania have agreed to finance the running of East African Community (EAC) services for the next three months, Radio Uganda said today. Kenya had earlier announced Its withdrawal from the community, and the new financial year began on July 1 with no funds
      Reuter  -  61 words
    • Article
      Lock icon Asean trade fair
      53 1 Reuter MANILA, Sun. Asean will hold its first trade fair in Manila in April or May next year, the trade department announced here. The Asean trade fair was among several measures approved at the just-concluded Asean economic ministers' meeting In Singapore to accelerate trade within the region
      Reuter  -  53 words
    • Article
      Lock icon Djibouti defence pact
      65 1 UPI KUWAIT, Sun. The newspaper A 1 An baa said over the weekend that an Arab military pact to guarantee Djibouti's protection, securltV and Independence would be announced soon. The newspaper quoted "informed sources" as saying that the "cooperation has been agreed to by Egypt, Sudan and
      UPI  -  65 words
    • Article
      Lock icon Suharto off to Bangkok
      50 1 Reuter JAKARTA, Sun. President Suharto leaves for Bangkok tomorrow for talks with Thai Prime Minister Thanln Kraivlchlen on the forthcoming summit meeting of Asean In Kuala Lumpur. Accompanied by Foreign Minister Adam Malik, President Suharto will also discuss with Mr. Thanln other matters of mutual Interest.
      Reuter  -  50 words
    • Article
      Lock icon Good news for Britons
      67 1 Reuter LONDON, Sun. Industrialists reported signs that Britain's inflation may have reached Its peak and the country may be about to resume better economic growth after a sluggish period this year so far. More companies now expect to be able to hold their prices steady in
      Reuter  -  67 words
    • Article
      Lock icon KL warns diplomats
      63 1 AFP KUALA LUMPUR, Sun. Officials of foreign diplomatic missions in Malaysia would be declared "persona non grata" if they were found to be Involved in communist activities, the Minister of Home Affairs, Tan Sri Ghazall, said here today. He was replying to points raised by members at
      AFP  -  63 words
  • Article
    TOP TEN STOCKS
    109 1 THE following list of stock* fives the 10 most traded in on the Stock Exchange of Singapore last week. It gives the turnover in thousands of units, closing prices on Friday and the high and low for 1977. Cevpaay Tunover Price High Low '000 July 1 1977
    109 words
  • LOCAL STOCK INDICES
    • Article
      SINGAPORE
      65 1 *tmXl Ams 28 Jaw 20 JueSO Mr l tt BT Index: 312.80 312.18 310.75 325.40 324.07 Industrials: 254.47 254.99 255.21 297.00 250.77 Finance: 421.80 421.86 421.50 423.07 424.43 Hotels: 161.80 163.60 104.30 104.12 104.27 Properties: 163.38 163.38 165.40 100.72 100.25 Tins: 109.28 100.26 107.75 107.80 107.77 rubbers: 338.41 338.48
      65 words
    • Article
      MALAYSIA
      77 1 27 Am28 Jmm» JmmmM July 1 BT Index 289.82 291.18 287.25 304.29 303.59 Industrials: 281.67 281.48 282.95 264.44 94.91 Finance: 371.97 368.33 388.33 373.73 373.53 Hotels: 171J9 171.99 172.45 172.50 172.56 Properties: 147.45 147.66 149.87 151.38 151.18 •f Tins: 112.15 111.77 112.13 112.13 112.40 rubbers: 314.56 314.48 315.10 316.57
      77 words
  • Article, Illustration
    Another year of stable prices
    963 1  -  INFLATION BETWEEN 2 AND 3pc >y SOH TIANG KENG FOR THE third year in succession, Singaporeans can expect a period of price stability with inflation well under control. The forecast of many economists is that consumer prices here will rise between 2 and 3 per
    963 words
  • Article
    Big jump in forex dealings with Bahrain
    530 1 SINGAPORE'S latest "hot-line" link in Its worldwide money network Is Bahrain, which has unseated war-torn Beirut as the new financial centre of West Asia. Bankers here have reported a big Jump In Singapore's foreign exchange and Asian dollar dealings with Bahrain this year.
    530 words
  • Article
    Lock icon Muslims push for new economic role
    359 1 Reuter LONDON, Sun. Politicians and economists from Muslim countries open a conference here this week aimed at pushing the world towards a new economic order which will give more help to developing nations. From tomorrow until July 9, a series of discussions will be
    Reuter  -  359 words
  • Article
    Lock icon CONCORDE SERVICE TO STORE?
    98 1 AFP LONDON. Sun. British Alcways la planning a supersonic Concorde service between London and Singapore in the autumn. It wai learnt here today. A decision concerningthe proposed new flight will he taken within the next few weeks. The trip win take less than eight hours with
    AFP  -  98 words
  • Article
    Lock icon ZAMBIA TO CLAIM $2.5b FROM OIL FIRMS
    145 1 Reuter LUSAKA, Sun. The Sunday Times of Zambia today quoted Justice Minister Malnsa Chona as saying the land-locked country Is clalmlnc almost US$l billion (5n.46 billion) In tismsges from eight major oil companies It has accused of conspiring to deprive It of oil
    Reuter  -  145 words
  • Article
    Lock icon Market access in exchange for uranium
    324 1 Reuter CANBERRA. Sun. Prime Minister Malcolm Fraser •aid here today if Britain and European countries wanted Australian uranium, they must open np their markets to Australian products. Mr Fraser said over the next few months, there would be talks between Australia and the European
    Reuter  -  324 words
  • Article
    Yen credits likely to be extended to projects
    392 1 THE Japanese Government's plan to extend yen credits to Singapore may take the form of joint assistance with the commercial sector. Japanese commercial banks and financial institutions are thought likely to join their government to extend yen-denominated loans to viable economic projects
    392 words
  • Article
    Lock icon Saudi Arabia, UAE raise oil price
    221 1 Reuter BEIRUT, Sun. Saudi Arabia and the United Arab Emirates raised their oil prices by 5 per cent over the weekend, bringing them Into line with the remaining 11 members of the Organisation of Petroleum Exporting Countries (Opec) and effectively ending a sixmonth price
    Reuter  -  221 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      46 1 Wyfbong and Finance (Singapore) Limited ll IltOSv Shaw House Ground Floor, 354 Orchard Road. Singapore 9. Td *****7. Leisure/ TV ft RedW Inforaotkm Crowword* P J Ownu Mar p«tm p 4 grr*"" latcrnotianol Co New«/ Bpsrta Ovrmu News P Local ft Local Co News/ Shore News
      46 words
    • Advertisement
      Page 1 Advertisements Column 2
      107 1 I ,'t4'iii L q.tcuM H Trust Sony for your video TIAAfIC With customary vision JUK7UUS and foresight Sony pioneered video equipment. Today, Sony is one of the world's foremost manufacturers of integrated video equipment. Research and experiments are continuously carried out to bring you the most advanced and sophisticated video
      107 words
    • Advertisement
      Page 1 Advertisements Column 3
      160 1 Albert Photo For the best in SSSSw* photographic 'M'"" 11 5 equipment >*<r> 0 11 iCt V i-.! f :--1 O'ctura T v >»wv "XH Holt-i i ijapu-.fi O'Cvird Road b"qapO'e9 Tei 3/'?O3 *****' i JAL FLIGHT 712: THE TOKYO EXPRESS ■\l 5rV vM NEW YORK VANCOUVER mm mi i
      160 words
Page thumbnail Page 2
  • REVIEWS
    • Article
      TWO SIDES OF TRADE MATTERS
      641 2 THE early apostles of Free Trade must be turning in their graves these days as the ugly spectre of protectionism once again threatens to bring trade wars throughout tne world. It is axiomatic perhaps that free trade, allowing as It does all countries to make
      641 words
    • Article, Illustration
      Lock icon Link between art and the gods continues to hold...
      1182 2  -  By DONAL HENAHAN NYT EVERYONE who has ever read a programme note knows how Schubert composed. He sat in bed with the covers pulled up because his room had no heat and wrote on.e piece after another as fast as he
      NYT  -  1,182 words
    • Article, Illustration
      Lock icon Forsyte Saga an instant classic
      890 2  -  By JOHN O'CONNORS NYT TEN years ago, the British Broadcasting Corporation unveiled a weekly series that ran for six months within the space of a few years and dramatically changed the terrain of TV entertainment. Based on the novels of John Galsworthy, the Forsyte Saga
      NYT  -  890 words
    • Article
      Lock icon Theatre of the crowd
      841 2  -  By A.LEWIS NYT ONE of the civilising elements in the life of great cities has been the place of casual encounter the Roman Piazza, the Paris cafe where people talk and drink and in their mass provide each other's entertainment. If modern cities have an inhuman
      NYT  -  841 words
    • Article
      Schoenberg and No 13
      612 2  -  MUSIC By CKT IN NEWTONIAN mechanics, the motion of a particle in a plane is described by a pair of differential equations. However many things that clear up, It does not explain why Schoenberg was afraid of the number 13. Or Mahler the number nine. THE
      612 words
    • Article, Illustration
      Lock icon Romance makes a comeback to to Peking stage
      922 3  -  By DAVID ROGERS Reuter ROMANCE has returned to the Peking stage, classical music can again be heard in the capital's concert halls and Chinese publishing houses are putting William Shakespeare into print. To anyone who has lived long in China it seems,
      Reuter  -  922 words
    • Article, Illustration
      ONE MAN'S WEEK
      1395 3  -  By LAN BATEY Mr. Bat*. Is ckalrmaa of Batey Advert Wag. TO THE casual non-mar-keting observer, I guess people in the advertising agency business are looked upon as "those characters who draw pretty pictures and dream up catchy slogans." This assessment, basic as it may be, is
      1,395 words
    • Article
      Insights and impressions of Chiang Ching's life
      992 3 BOOKS Comrade Chiang Clung. By Roxane Witke 549 pages. Little, Brown. US$l5. IN February 1949, the revolutionary armies of Mao Tse-tung marched Into Peking and the Chinese communist leaders exchanged the peasant dwellings that had sufficed for more than a decade for Imperial
      992 words
    • Article
      Lock icon Portrait of Israel's new leadership...
      596 3 NYT Terror Out Of Zion. Irgun Zvai Leu mi, Lehi and the Palestine Underground, *****949. By J. Bowyer Bell. Illustrated. 374 pages. St. Martins Press. U5513.95. A TINY group of strange men and women, desperate beyond measure, on the far edge of history, despised by
      NYT  -  596 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      95 2 Deluxe Set Lunclt at $650 If you 're thinking of a quick lunch but want to avoid the usual stuff served in town, come to Four Seasons. From Mondays to Saturdays, our expat chefe prepare complete deluxe set lunches with a house specialty as the main course. Monday Grilled Entrecote
      95 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      52 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on July 3 at Singapore airport. Maximum Temperature 32.3 °C Associated Humidity 55 Minimum Temperature 24.1° C Associated Humidity 100 Hours of Sunshine 10.90 Rainfall in Millimetres Nil Total Rainfall for the Month Nil Total Rainy Days for the
      52 words
    • Miscellaneous
      Page 2 Miscellaneous Column 2
      50 2 Bristol Lb jtzn£ i Tjw- rr is-tme **cw ~C£C «EP*n?SSc> (TCLBA S#VJCe if rrxjfcCßfcTMC -EBT CM I JT f> OX? CP>cnfe£W MPS BGEM I offeiepoeo tb fbuß sihc Kprr*st> *j Tue'GooD I Guoe Kyfc. 1 y A v, r^-N rnp GOKDON BtoC. QOH&C i cct**r*AtmMe''i -j m PF L V".
      50 words
    • Miscellaneous
      Page 2 Miscellaneous Column 3
      606 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Hatter's novel stronghold (6) 7 Costumes, etc (many during Boer War, possibly) (8) 8 Tree In a grove (4) 10 Tradesman an aper of the medical profession? (6) 11 It has a cutting effect In a small way (6) 14 Speed from the south
      606 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      350 3 Corporate Banking Services in the Far East \r Opera mask from ///<• Pina\t\ I //;;>. tHjsh v\ </v used </v d t;uiiie tot fate-painting. Wardley Limited carries out merchant banking activities in the Far East. Based in Hong Kong, Wardley provides banking, advisory and financial services to corporations and to
      350 words
Page thumbnail Page 4
  • Article, Illustration
    Lock icon PRINCE BERNHARD BOUNCES BACK TO THE LIMELIGHT
    1097 4  -  By JOHN VINOCUR AP TEN months after his official disgrace In the Lockheed scandal, Prince Bern hard of the Netherlands has reemerged with surprising self-assurance kjto the mainstream of Dutch life. His "business skills won him the 1977 Man-Of-The-Year award of Dutch exporters.
    AP  -  1,097 words
  • Article, Illustration
    Lock icon Now there's no place to store Alaskan oil
    734 4  -  By STEPHEN FOX AP IT HAS taken nine years and billions of dollars to tap Alaska's vast oil reserves, build a pipeline and get the crude flowing south. Now there is no place to put about half of it. The dilemma is
    AP  -  734 words
  • Article
    Lock icon Pros and cons of privately-owned public transport
    714 4  -  By L. TIMBERLAKE Reuter WHAT is to become of the Bemes of Indonesia, the Sllors of Thailand, the Jeepneys of -the Philippines and the Dolmus of Turkey? These are not tribes, but transport examples of the privately-owned minibuses and shared taxis which fill
    Reuter  -  714 words
  • Article
    Lock icon Mexican migrant workers get US blessing
    1016 4  -  By JOHN CREWDSON NYT WHEN the men from the Immigration and naturalisation service announced that they were finally going to get tough with growers who hired illegal aliens from across the Mexican border to harvest their crops, Bill Bishop began to worry. Like most
    NYT  -  1,016 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      24 4 BALLY OF SWITZERLAND Ann UD Mat* Alf E ■■■■■I LEADING MENSWEAR TAILORS STORE OUTFITTERS HIGH ST CENTRE*OCEAN BUILDING• SUPREME HOUSE •GOODWOOD HILTON,RAFFLES HOTELS*COLD STORAGE
      24 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      235 4 SINGAPORE 5 3.00 PM Opening announcements followed by Kudumba Malar (Tamil-Repeat)* 3.30 Diary Of Events (Tamil) 3.35 General Hospital 4.10 Science Report* 4.25 Intermission 6.05 Opening announcement followed by The Wild World Of People* 6.30 News in Brief* 6.35 Dateline Yesterday! Socrates* 7.05 Fat Albert And The Cosby Kids Junk
      235 words
Page thumbnail Page 5
  • OVERSEAS
    • Article
      Lock icon British clearing banks seek overhaul of financial curbs
      335 5 Reuter LONDON, Sun. London clearing banks have recommended to the committee studying British financial institutions an overhaul of the whole range of controls, regulations, incentives and subsidies applied to British financial Institutions. The Committee of London Clearing Banks in their evidence to
      Reuter  -  335 words
    • Article
      Lock icon OECD reports Greek policies working
      274 5 Reuter PARIS, Sun. The Organisation for Economic Cooperation and Development (OECD) said here today Greece's economic policies were working but wage claims must be kept down to break the inflation spiral. In Its annual review of Greek economic prospects, the 24-nation OECD said: "Developments over
      Reuter  -  274 words
    • Article
      Lock icon No names of US firms taken off blacklist
      223 5 AP NICOSIA. Sun.,— The Arab Boycott of Israel Organisation will not release the names of American firm*' removed from the blacklist after they stop dealing with Israel in order to protect them from reprisals, the Qatar News Agency reported. The agency quoted
      AP  -  223 words
    • Article
      Lock icon Perez: Return the Canal
      220 5 UPI CHICAGO. Sun. The Panama Canal Is "as much Panamanian as the Mississippi Is American" and should be returned to Panama. Venezuelan President Carlos Andres Perez said during a visit to Chicago. Mr. Perez, on the last leg of a United States tour, made the comment
      UPI  -  220 words
    • Article
      Lock icon Manila has not over borrowed says World Bank
      276 5 Reuter MANILA, Sob. The Philippines has not overextended itself in it* foreign debts and has executed its bank-financed projects Cnerally well, a World nk official said in a newspaper interview. World Bank lending officer Hedayat Amin-Arsala said in the interview with Manila's
      Reuter  -  276 words
    • Article
      Lock icon Japanese refute OAU chrome charges
      135 5 AFP LIBREVILLE, Sun, Japan has officially denied to the Organisation of African Unity summit here that she was dealing in Rhodeslan chrome. Japan "has Imported no goods or products containing chrome ore or ferrochrome from southern Rhodesia", said the message delivered by the Japanese Embassy
      AFP  -  135 words
    • Article
      Lock icon SHOULD GOVT INSURE PRIVATE INVESTMENT?
      1044 5 NYT WASHINGTON. Sun. In a shift towards higher risks, the government agency that Insures corporate investments In developing countries is asking Congress to let It lend its own money for minerals development. The Overseas Private Investment Corp. Is talking of small loans. US$3 to $4
      NYT  -  1,044 words
    • Article
      Lock icon INDIA TO TRIPLE OIL OUTPUT
      124 5 UPI NEW DELHI, Sun. India expects to triple Its oil production by the end of 1981, the Petroleum Ministry said. The Ministry said In a report that India's oil production Is expected to rise to 27.8 million tonnes per year after 1981, a rise of
      UPI  -  124 words
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Utah decides to suspend work
      231 5 Reuter BRISBANE, Sun. Utah Development Is suspending development work on the proposed Norwich Park coal mine In central Queensland pending clarification of a dispute with the Australian Seamen's Union, general manager, Mr. Tim Winterer said In a statement. Utah has Instructed the Norwich Park construction
      Reuter  -  231 words
    • Article
      Lock icon VW order book full till spring
      213 5 Reuter WOLFSBURG, Sun. Volkswagenwerk AG has enough orders to keep it fully busy until at least spring 1978, Mr. Siegfried Ehlers. chairman of VW's general works council told an employees meeting. The excellent order position has meant the compapy* has taken on more Workers
      Reuter  -  213 words
    • Article
      Lock icon Credit Commercial signs pact
      116 5 Reuter PARIS, Sun. Credit Commercial de Prance said It signed an underwriting agreement with an international syndicate of banks for an Issue of US$35 million floating rate notes on the International market. The notes will have a life of six years, with Interest at K per
      Reuter  -  116 words
    • Article
      Rio Tinto to close plant
      190 5 SALISBURY, Sun. The British Rio Tlnto firm In Rhodesia plans to dismiss some 500 black employees and completely close down a pilot ferro-chrome smelter plant In the Rhodeslan midlands. "The closures are due to the present depressed state of the ferro-chrome market and lack of
      190 words
    • Article
      Lock icon Ikegai margin up
      56 5 Reuter TOKYO, Sun. The Tokyo and Osaka Stock Exchange said they raised the margin trading requirement for Ikegai Iron Works to 60 per cent, Including 20 per cent in cash, from 40 per cent without cash requirement effective Immediately. They said the measure was taken to dampen
      Reuter  -  56 words
    • Article
      Lock icon ANI to close register on July 22
      157 5 Reuter SYDNEY, Sun. Australian National Industries (ANI) said Its register will close on July 22 to determine entitlements for its proposed one-for-three premium issue t*> partly finance its bid for Capitol Motors Ltd. Meanwhile, Capitol said it recommended the bid to shareholders as
      Reuter  -  157 words
    • Article
      Lock icon Kennecott completes sale of Peabody
      140 5 Reuter NEW YORK, Sun. Kennecott Copper Corp said it completed the sale of Peabody Coal Co for $1.2 billion face amount of cash and securities. Kennecott said all shares of Peabody Coal were sold to Peabody Holding Co Inc, a Joint venture ownd by Newmont
      Reuter  -  140 words
    • Article
      Lock icon Why alia Works to roll again
      144 5 Reuter ADELAIDE, Sun. The Broken Hill Pty 00. (BHP) Whyalla Works received significant foreign orders for a parcel of pig iron and three parcels of steel billets, a BHP spokesman said. Because some orders were notyet finalised, he said he was unable to disclose
      Reuter  -  144 words
    • Article
      Lock icon Port Hedland strike to continue
      190 5 Reuter SYDNEY, Sun. Workers at the Port Hedland Iron ore loading facilities of Mt. Newman Mining Co. voted to continue their four-week long strike at a mass meeting last Friday sources told Reuters by telephone from Perth. This was despite a strong recommendation to resume
      Reuter  -  190 words
    • Article
      Lock icon OSC approves new commission rate
      125 5 Reuter TORONTO, Sun. The Ontario Securities Commission (OSC) said It approved the new commission rate schedule proposed by the Toronto Stock Exchange, which on an overall basis will lower the costs that Investors must pay to trade. The approval Is subject to the new schedule
      Reuter  -  125 words
    • Article
      Lock icon Occidental Petroleum talks fall through
      80 5 Reuter LOS ANGELES, Sun. Occidental Petroleum Corp has stated it failed to reach an agreement on a final contract within the prescribed 90-day period for the sale of Its Belgian refining subsidiary. The company said it was not able to complete sale of the subsidiary,
      Reuter  -  80 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      234 5 This announcement appears as a matter of record only. ASIAN-DOLLAR ISSUE June 24, 1977 CREDIT LYONNAIS U. 5.530,000,000 Floating Rate Notes Due June 24, 1983 The Nomura Securities Co., Ltd. Credit Lyonnais Hong Kong (Finance) Ltd. Banco di Roma/ Banco Hispano Americano BT Asia Limited Commerzbank Aktiengesellschaft The Development Bank
      234 words
Page thumbnail Page 6
  • COMPANY NEWS
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      170 6 mroffWAmo'sim INROL With MRM PUBLICATIONS IHOMSTIWHS DIVISION for Wfolsey Hall Inst, of Administrative Management Inst, of Bankers (Conversion Course is available) Inst of Chartered Secretaries and Administrators Inst, of Statisticians Professional Courses Academic Courses Degree Courses Business Administration Courses MCE/HSC SCGCE/GCE 'A' Levels London GCE 'O' end 'A' Levels AE.B.
      170 words
Page thumbnail Page 7
  • INTERNATIONAL STOCK MARKETS
    • Article
      Tokyo
      496 7 TOKYO: The market closed mixed on Saturday as speculative Investors actively bought low-priced Issues and blue chips eased, dealers said. The Dow Jones average gained 14.19 to close at 4,992.61 with a volume of ISO million shares. The New index closed at 370.80, up 0.15. Blue chips and exportoriented
      496 words
    • Article
      Amsterdam
      298 7 AMSTERDAM: The market closed narrowly mixed In very quiet trading with gains predominating. dealers said on Friday. Akzo and Unilever were slightly lower, Hoocovens and Philip* edged higher and Royal Dutch was unchanged In Dutch internationals. Elsewhere. KLM firmed 2.80 guilders In otherwise steady transports. Heineken and Bijenkorf were
      298 words
    • Article
      Brussels
      159 7 BRUSSELS: The market was mixed to higher In fairly active trading, dealers said on Friday. H oho ken, Clabecq. HainautSamhre and Teatenderloo rose In local Issues, while Societe Generate, Moaane, St Rock, CBR and Soivay eased. German and French Issues moved higher while Dutch and US stocks were narrowlv
      159 words
    • Article
      Frankfurt
      295 7 FRANKFURT: Shares closed mostly higher In lively trading, bourse sources said on Friday. Autos rose strongly, led by BMW up five marks, while BBC In electrlcals also rose five marks and Sobering In chemicals six. Other Issues closed up to two marks higher. On the bond market, public bonds
      295 words
    • Article
      Milan
      159 7 MILAN: The market closed lower In fairly active trading due to selling and book-squaring, dealers said on Friday. Snia Viacoaa, Fiat and Montedison were Isolated gainers In leading Industrials. IFI privileged was unchanged In mixed flnanclals while Asaicuraxioni Generali lost ground in Insurances. Mediobanca was barely steady In banks.
      159 words
    • Article
      Paris
      333 7 PARIS: The market was higher, helped by an Influx of foreign orders, dealers said on Friday. The onlv sectors not to rise were hotels and metals, which were both narrowly mixed. Foreign stocks did not share In the rise of French securities. Americans and Dutch were Irregular and Germans
      333 words
    • Article
      Zurich
      276 7 ZURICH: The market moved higher over a fairly broad front on Friday. Demand dealers said banks Improved after recent weakness. led by firmer Krediunatalt shares. Oerlikon-Buahrle bearer and registerea gamed In flnanclals. In chemicals, CibaGeigy rose while Sandoi bearer lost ground. Foods ruled steady. Engineerings and metals turned irregular
      276 words
    • Article
      Jo'burg
      393 7 JOHANNESBURG: Gold shares tended quietly easier at the close on lack of Interest, dealers said on Friday. Heavyweights lost around 25 cents and medium and lightweights 10 cents. Financial minings were a shade easier but Unioa Corp gained three cents to 380 on speculative Interest, dealers said. Coppers and
      393 words
    • Article
      New York
      1364 7 NEW YORK, Sun. Investors were unimpressed by the government's upward revised projection of economic growth this year and decided Instead the latest rise in money supply was fresh ground to worry about interest rates on Friday. Reacting to such fears, stock prices dropped sharply along a wide front,
      1,364 words
    • Article
      CHICAGO BOARD OPTIONS
      1356 7 On July 1 TRADING In options on the Chicago Board Options Exchange came to 72,029 contracts on Friday compared with 78,007 contracts on Thursday. OPTION JLY OCT JAN STOCK Alcoa 50 31/4 41/4 UNTRD 527/8 AlCC* ao UNTRD 1/1 11/4 527/8 Am Tel 55 a s/s NOL
      1,356 words
    • Article
      Indices
      210 7 FINANCIAL TIMES INDUSTRIALS Friday 451.2 Thursday 456.3 Week Ago 449.6 DOW JONES AVERAGE INDUSTRIALS Friday #12.65 Thursday 916.30 Week Ago 929.70 LONDON DOLLAR PREMIUM Friday 114* to 114* Thursday 113% to 114% H.K. HANG SENG Friday closed Thursday 439.59 Week Ago 436.43 SYDNEY INDUSTRIALS Friday 374.95 Thursday 376.08 Week
      210 words
    • Article
      Prices head south on Wall Street
      439 7 AFTER nearly a solid month of rising prices, the stock market bumped Into a rapid-fire series "of disquieting developments last week. As a result, as the saying goes on Wall Street, prices headed south. The blue chips basically had a tough time, as illustrated
      439 words
    • Article
      Lock icon Late rally in Tokyo
      205 7 AFP GROWING CONCERN about mounting overseas criticism against Japan's huge trade surplus damped investors on the Tokyo stock market last week. Helped by a rally paced by low-priced and speculative issues, however, prices recouped some of early losses toward the end of the week but failed
      AFP  -  205 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      89 7 ipppi 'f--111 %£gpp v WiT Enrol now with FEDERAL PUBLICATIONS Home Studies Division for the following Foulks Lvnch Courses Awociation of Oertifiad Accountants Institute of Coct and Management Accountants Association of International Accountants Institute of Taxation Institute of Accounting Staff Society of Company and Commercial Act Institute of Administrative Accounting
      89 words
Page thumbnail Page 8
  • COMMODITY REPORTS AND PRICES
    • Article
      FOREIGN RUBBER MARTS
      225 8 LONDON, Sun. Terminal rubber lost further ground In relatively quiet afternoon trading on Friday and closed officially easy with losses from Thursday of 0.95 pence (near Sep at 49.65 pence) to 1.40 pence per kilo. Final levels were around the day's lows. Weekend booksquarlng was reported by
      225 words
    • Article
      Straits tin
      125 8 THE Straits tin price in Penang on Saturday was down $10% to $1,451 on an official offering down 14 tonnes to 196 tonnes. In LONDON on Friday, tin closed with gains of £25 for Cash and £2 for Three Months in both contracts. The market moved erratically. reflecting
      125 words
    • Article
      Produce exchange
      288 8 CHINESE PRODI ICR. EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk *85 sellers, old drum $90 sellers, new drum $95 sellers Copra: Mixed (loose) UK/Cont *54 buyers. Pepper Muntok ASTA white f o b. 100* NLW $400 sellers. Sarawak white f ob 96% NLW S3BO
      288 words
    • Article
      Palm oil
      85 8 C I F Rotterdam prices quoted In London on Friday In US dollars per ton Friday Pr*». Malaysia 5% (fa bulk Aug unq unq Sumatra 5* 825 sir Jun unch July unch 610 sir Aug 542.50 slr/550 p<} SOS sir Sep 530 slr/540 525 pd 58S slr/567W/58S Nov
      85 words
    • Article
      Zinc
      58 8 LONDON, Sun. Zinc fell by mostly 1"4.75 on Friday. This metal also gave ground with copper under hedge selling and liquidation which took Three Months down to C 315 during ring and kerb trading. The decline was Dartly cushioned by news" that Norzink was stooping production for one month
      58 words
    • Article
      Lead
      44 8 LONDON, Sun. Lead fell by mostly £3.50 per tonne on Friday. A bout of stoploss selling pushed Three Months down to C 317 In early ring dealings following the weakness in copper but losses were subsequently pared by shortcovering. Sales were 2,700 tonnes.
      44 words
    • Article
      Gold
      427 8 GOLD opened lower at SSI 1,295 In the Singapore market on Saturday. However, prices weakened further In fairlv active trading with the klfobar closing at SSI 1,280. In the loco London market, the metal was traded in a narrow range after the opening of U*****.40/70. The market closed at
      427 words
    • Article
      Copper
      293 8 LONDON, Sun. Copper wirebars on the day tost £23 for Cash and £23.50 for Three Months on Friday. The market fell sharply under bull liquidation and stoploss selling prompted by the news that Kennecott Copper Corp expects Its latest offer to be accepted by the unions, dealers said. Three
      293 words
    • Article
      Silver
      176 8 LONDON, Sun. Silver closed with losses of 3.5 to 3.8 pence per troy ounce on Friday. The market declined under scattered liquidation induced by the trend at New York and the performance of copper. Three Months traded down to 262.5 pence in the ring and 262.2 pence on the
      176 words
    • Article
      Coffee
      256 8 LONDON. Sun. Futures on Friday closed steadier £107 to £72 per tonne up from Thursday night. Volume was 3,963 lots. Including 16 options. Spot July closed £85 up at £2,223, having traded earlier down to a low of £2,190 on the posting of 399 original tenders. November gained £107
      256 words
    • Article
      Sugar
      221 8 LONDON,. Sun. Futures closed three to £1.50 per tonne down In sales of 2,775 lots on Friday. Market sources said prices eased throughout the afternoon In line with a similar trend in New York with long liquidation and book-squaring providing the bulk of the activity. In NEW YORK on
      221 words
    • Article
      Rice
      320 8 BANGKOK, Sun The market last week was fairly quiet with some business reported in the private sector but no trading concluded on a government-to-government basis, trade sources said. Some 20,000 tonnes 15 per cent white rice were sold by merchants to Colombia for July shipment at a contracted price
      320 words
    • Article
      Wheat
      177 8 CHICAGO, Sun. Wheat futures on Friday, finished the session Just below the highs of a four-cent trading range, posting losses of 4K to 3K cents a bushel. Prices fell quickly on the expected drop In soybean futures and reports of good harvesting progress In some winter wheat areas. Exporter
      177 words
    • Article
      Soybeans
      163 8 CHICAGO, Sun. Soybean futures on Friday remained down the 30 cent a bushel limit through the session after dropping the maximum at the opening. Offerings were substantial In response to the larger than expected USDA soybean acreage estimate and there were few buyers. Traders said the weakness in old
      163 words
    • Article
      Why foreign buyers shy away from market
      713 8 BY AND large, Singapore commodity traders were once again operating In Isolation of the international markets last week. Business contracted was minimal and strictly on local and neighbouring countries' consumer accounts. There were good reasons why the foreign buyers were holding off the
      713 words
    • Article
      Cocoa
      227 8 LONDON, Sun. Terminal cocoa eased on Friday afternoon under pre-week-end profit-taking and local selling to close barely steady at mostly Cl 3 lower to C 17.50 higher. The turnover totalled 2,600 lots Including 492 lots self-traded and five further options puts four Dec at £2,510 to £2,502 premium €345
      227 words
    • Article
      Accent on white sugar
      328 8 LONDON, Sun. There have been a number of purchases of sugar by final buyers during the past week writes Czarnikow in its latest review, with the greater accent being on the white sugar market. It is interesting to note that in some cases the buyers have
      328 words
  • MONEY AND EXCHANGES
    • Article
      Singapore
      181 8 THE British unit last week edged upwards to touch a peak level of 1.7209-11 In dollar terms compared to a steady level of 1.7193-98. Strong commercial buying support In the British pound was the main factor contributing to sterling's firmness. In terms of Singapore dollar, sterling held steady between
      181 words
    • Article
      Minimum lending rates
      47 8 acbc 6». m Algemene Bask «*4 Citibank CH Bangkok Bank 7 HSBC Bank of America S*4 Bank of China 7 (V, Bank of Tokyo C-i Bank Negara OCBC l Indonesia 7 OUB CH Chartered Bank 6 l UCB 7 UMBC 7 DBS UOB it
      47 words
    • Article
      Lock icon Discount
      250 8 Source: Commercial Discount Co Ltd THE interbank overnight money rate remained firm for the first three days of last week at the 5Vi per cent level but as expected, eased to negative levels on liability base day, 30th June. However, on Friday, it hovered initially around 4 per cent
      Source: Commercial Discount Co Ltd  -  250 words
    • Article
      Asian $ rates
      200 8 Asian rates TRADING slackened during last week towards the midyear closing. Rates tended to drift lower In dull market but recovered on Friday as money supply figures released showed Ml and M 2 rising $1.5 bullion and $2.8 billion respectively. ASIAN currency average deposit* rate* for the week ended July
      200 words
    • Article
      Short term money
      40 8 FOR the week ended Friday July l, the range of call rates received from Short Deposits (M) Berhad was as follows: BANK FUND 1 to 4%H GENERAL FUNDS: IHH to 4ft Movements of funds totalled $463 million.
      40 words
    • Article
      Zurich
      423 8 ZURICH, Sun. Foreign exchange markets last week stood under the impression of a sharp weakening of the dollar against most major currencies. The dollar's losses had been Initiated by a substantial decline against the Japanese yen, which was followed by a similar decline against most European currencies, particularly against
      423 words
    • Article
      New York
      242 8 NEW YORK, Sun. The dollar eased slightly on Friday while sterling came under sufficient pressure in extremely thin afternoon trading here to prompt Bank of England support, dealers said. The sterling sales were triggered by news that the British Mine workers' executive said the social contract must end
      242 words
    • Article
      Euro $ rates
      161 8 Euro rates LONDON, Sun. Period Eurodollar deposit rates on Friday closed little changed from openings but dealers noted an easier undertone in slack afternoon trading. Shortdates maintained earlier harder levels. Lack of interest was cited for the softer undertone after a steady opening with little Impact seen following the Increased
      161 words
    • Article
      London
      214 8 LONDON, Sun. Most currencies on Friday traded little changed In subdued business ahead of tomorrow's US market holiday, dealers said. Sterling came under slight pressure at one stage after the national executive of Britain's Mine workers Union were reported to have agreed that there must be an end to
      214 words
    • Article
      Frankfurt
      32 8 FRANKFURT exchanges closing quotes on July 1 US 2.3390/3400 Can 2.2095/2115 UK 4.021/026 Neth 94.52/60 Swltz 94.90/98 Italy 2.642/648 France 47.53/61 Japan 0.8756/66 Belg com 6.48/49 Belg fin 6.48/50 Norw 43.88/96
      32 words
    • Article
      Lock icon Money market
      39 8 Source: Astley Pearce THE turn of the half year saw the overnight rate closing at negative 1 per cent, otherwise steady closing a shade off. Periods edged per cent, with a greater turnover in the One Month.
      Source: Astley & Pearce  -  39 words
    • Article
      Lock icon Tokyo rates decline
      96 8 Reuter TOKYO, Sun. The average contracted Interest rate for lendlngs by all Japanese banks fell 0.191 percentage points during May to 7.851 per cent per annum from 8.042 In April when It declined 0.086 percentage points from March, the Bank of Japan said. The bank said the
      Reuter  -  96 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      309 8 Market leader of the future If you want to know more about this new invention and why electronic firms in Singapore should plan how to assemble its decoder module, you should write for 20 free sample pages of ASEAN BUSINESS QUARTERLY (including full contents list) or send SSIO for the
      309 words
Page thumbnail Page 9
  • Article, Illustration
    Lock icon ALLY REALLY NEEDS TO FIND A PUNCH
    1143 9  -  By HUGH McILVANNEY The Observer THE small footballing nation that seeks to break out of obscurity and make a show in the World Cud Finals Is often made to feel like the escaping convict In an American film about the Big House. When
    The Observer  -  1,143 words
  • Article
    Lock icon It's time to call on Boycott
    1265 9 The Observer LONDON, Sun. The Jubilee Test confirmed the nice balance between two Indifferent teams and the promise of a nail-biting series. A draw it may have been, but In all senses, for that tense fluctuating match was a rivet of attention. But for
    The Observer  -  1,265 words
  • Article
    John Foo blows hot and cold
    492 9 ASIAN Cup representative John Foo is shaping up well in training. Yesterday he registered the best gross of four-over-par 76 In the qualifying round of the Eu Tong Sen Cup Open tournament at SICC Island Course. John, who Is one of the four players
    492 words
  • Article, Illustration
    Lock icon BORG: I THINK I'M NO: 1
    578 9  -  By WILLS ORIMSLEY WIMBLEDON. Sun. A beaming Bjorn Borg, admitting "I've never been *o tired before," savoured hi* second straight Wimbledon tennis championships yesterday and exulted: "I think I am no. 1 for the moment." "I wanted to beat him badly," the 21-year-old Swedish
    AP radiopic  -  578 words
  • Article
    Seattle Slew going for 11th win.
    138 9 INGLEWOOD. California, Sun. Triple crown winner Seattle Slew puts his unbeaten record on the line today In the Swaps Stakes at Hollywood Park, his California debut. Track officials predicted a standing-room only crowd of more than 70,000 would turn out to watch the champion
    138 words
  • Article
    Judy Rankin leads
    225 9 LACHUTE. Quebec, Sun. Judy Rankin, leading money winner on the LPGA tour, fired six birdies yesterday and came from behind to take a one-stroke lead going into the final round of the Peter Jackson Classic with 138 for 36 holes. Strong winds gusting to 41 km an
    225 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      35 9 Peter Benchley 'Better than JAWS, ever escalating shocks' -TIME 'Cracking entertainment 1 -DAILY TELEGRAPH V. -V, Tor the second time -the book you can't put down' -DAILY MAIL Now on Sale at your regular bookshop
      35 words
Page thumbnail Page 10
  • Article
    Sharp drop in dole queue
    120 10 THERE Is a sharp drop of Singaporeans on the dole over the past decade. Last year, 6,040 people got public assistance less than a third of the figure of 22,241 In 1906. The Mirror, publication of the Ministry of Culture, attributes this fall of dole
    120 words
  • Article, Illustration
    Omani import plans a boon to S'pore exporters
    791 10 THE Sultanate of Oman Intends to import $1.5 billion worth of consumer goods this year, and In the four years to 1980, will Import a total of $11 billion of consumer and capital goods. This will come as good news to Singapore
    791 words
  • Article
    Chupa Chups' sweet taste of success is in its marketing
    844 10 CHUPA CHUPS has Riven the lollipop a new lease of life in Asia and is bidding to be the marketing success of the year. Lollipops, said Mr. John Harper, managing director of Eastmark Candy, has long been considered the Cinderella
    844 words
  • Article
    DAILY AIRCRAFT MOVEMENTS
    565 10 ARRIVALS Service Local Operator 1 Number Time From CPA CX003 0145 HKO SAS SK097 0640 CPH/THR/BKK MAS MH682 0810 KCH CPA CX710 1000 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK SIA SQ211 1045 HLP OIA OA908 1100 MES PAL PR501 1115 MNL RBA BI325 1155
    565 words
  • Article, Illustration
    Critical first step to trade information
    745 10 THERE were mutterlngs at the eighth general assembly of the World Trade Centres Association (WTCA) which ended on Wednesday In Singapore that its much vaunted communications network did not work at all. In some ways, it is only the WTCA's claim to provide trade
    745 words
  • Article
    Lock icon REDS' ENERGY CRISIS
    780 10 Reuter WARSAW, Sun. Although the phrase la being studiously avoided, there is little doubt that communist leaders now realise they are facing an H crisis. a few weeks after >nt Garter was urging Americans to save energy. Prime Ministers of tne nine-nation Comecon economic grouping the Soviet
    Reuter  -  780 words
  • Article
    Thailand rice exports require approval
    191 10 THAILAND has already exported over one million tonnes of rice this year and may double the figure by December fuelling fears that such high export levels will cause domestic shortages. An article in the Asean Business Quarterly for the second quarter of 1977 notes that
    191 words
  • Article
    British rail expert here for talks
    137 10 A BRITISH designer of rapid transit railways will be In Singapore from tomorrow to discuss his system with government transport officials and others in the transport industry. Mr. Denys Bliss of Bliss Pendair of London will stay In Singapore for five days to promote
    137 words
  • Article
    Talk by CBI man
    76 10 Mr. Leonard Rayner, the representative of the Confederation of British Industry here, will address members of the British Business Association in Singapore on the prospects for British trade In the region. The talk, entitled "The prospects for British trade and Investment In Singapore and South-east Asia
    76 words
  • Article
    Romulo is in
    72 10 THE leader of the Philippines delegation to the 10th Asean Ministerial meeting, Mr. Carlos P. Romulo, Secretary of Foreign Affairs. arrived yesterday afternoon for the meeting which will be held from tomorrow till Friday. Leaders of two other delegations are expected today. They are Dr. Upadlt Pancharlyangkun,
    72 words
  • Article
    A peaceful Vietnam has more to gain from region
    667 10 THERE is little Incentive for Vietnam to activate belligerency In South-east Asia since this will alienate those very countries she is now most dependent on for economic development. This conclusion was arrived at in an article in the second quarterly issue
    667 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      55 10 RaJnter National Bank Pleaaa nota that with aftact from Monday, July 11, 1977 our addraaa will ba: SUITE 2003 CPF BUILDING 70 ROBINSON ROAD SINGAPORE 1 REPUBLIC OF SINGAPORE Talaphona: 222 0077 Oanaral 222 7744 Daalar Talax: RS ***** Anawarhack: Rainlaf Cabla Addraaa: Ralnlartonk (Talaphona and Talax numbara ramaln unchangad.)
      55 words