The Business Times, 7 July 1977
1977-07-07
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The Business Times
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Title Section9 1977-07-07 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, JULY 7, 1977 SOCENTS9 words
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NEWS IN BRIEF
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Article79 1977-07-07 1 BRUSSELS, Wed. Common Market authorities today announced that they will set up limits on Imports of cotton yarn Into all nine member countries. Restrictions will also apply to British Imports of T-shirts, men's shirts and women's blouses, and T-shirts to France, West Germany, Belgium, Holland, Luxembourg and79 words
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Article41 1977-07-07 1 AP AP NEW DELHI. Wed. India's largest newspaper chain, the English language Indian Express, said today It will resume publication of Its prestigious Delhi edition following a 20-day closure over a pay dispute with striking employees. APAP - 41 words
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Article66 1977-07-07 1 Reuter DAR-ES-SALAAM, Wed. Shipping lines using the port here plan to Impose a 15 per cent surcharge on Imports and exports because of port delays. The government newspaper, the Dally News, quoted port officials as saying that East African, American and Far Eastern lines are Imposing the chargeReuter - 66 words
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Article47 1977-07-07 1 AFP LONDON, Wed. British Steel Corporation's latest annual operating loss Is estimated at £100 million (Ss42o million), but the state group can expect no further government aid, the corporation chairman Sir Charles VUllers told a trade union audience In Blackpool today. AFP.AFP - 47 words
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Article61 1977-07-07 1 Reuter NEW YORK, Wed. The Shah of Iran expects the free world oil price will rise to US$2B (8168.88) per barrel by 1984, Jeffrey Edervelt, co-chair-man of a national committee on American Foreign Policy Middle East Mission said. The Shah told the mission he exoects a severeReuter - 61 words
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Article66 1977-07-07 1 AFP LONDON, Wed. Britain's biggest trade union today dealt a new blow to the Labour minority government's efforts to prolong wage restraint under the "social contract" with trade unions for another year from Aug. 1. The annual conference of the Transport and General Workers Union (TQWU)AFP - 66 words
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Article56 1977-07-07 1 Reuter BANGKOK, Wed. The Thai Cabinet has approved a special living allowance amounting to 2,400 million bahts (***** million) for government workers for fiscal year 1978, Interior Minister Samal SundaravaJ sakl today. Mr. Bamak said each"government employee would receive an allowance of 200 bahts monthly In additionReuter - 56 words
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Article60 1977-07-07 1 UPI NEW YORK, Wed. Stocks drifted lower early today In sluggish trading of New York Stock Exchange Issues. The Dow Jones Industrial average, which managed to gain 0.94 point yesterday, was off 1.70 points to 911.89 shortly before the first hour of trading. Of the 1,418 Issues crossingUPI - 60 words
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Chief Price Changes
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Article, Illustration171 1977-07-07 1 LOWER-PRICED shares had a field day on the Stock Exchange of Singapore yesterday. Trading was hectic in some of the speculative counters and volume for the day also increased substantially.' Reflecting these gains, the Business Times index rose 3.11 points to 326.40 while the Straits Times Industrial171 words
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Article109 1977-07-07 1 Rises Most active M Weaving 1.27 P. Textile 1.01 U.M. Works 1.52 Text Corp 0.96 AJUtam Rubber 1.50 K.L. Ind 1.00 MegaChem. 0.75 T. Textile 0.00 Int. Wood 1.08 Bo vis Sea 0.08 Bata 2.28 Tone Meng 0.75 Falls Pacific Dev. 2.17 P. Carbide 1.08 +.30 +.10109 words
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618 1977-07-07 1 THIS year's NWC wage adjustment recommendation "is a realistic appreciation of the prevailing economic situation and the need to stabilise manufacturing costs," according to Mr. Michael Yeo, chairman of Singapore Manufacturer*' Association. He also said that while the association recognises that It is important wages618 words
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838 1977-07-07 1 SOH TIANG KENG - LEAST GENEROUS GUIDELINES ■y SOH TIANG KENG A SIX per cent wage Increase with full offsetting against annual increments and all forms of remuneration was recommended by the National Wages Council yesterday. The new proposals are the least generous guidelines on pay hikes838 words
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343 1977-07-07 1 REWARD the efficient and punish the Incompetent this Is the rule of the thumb to be applied In new collective agreements. The National Wages Council put forward this suggestion yesterday as a move to "strengthen the work ethic In Singapore." It urged343 words
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Article202 1977-07-07 1 SINGAPORE is the thirtieth richest country In the world according to a report by the Union Bank of Switzerland. The banks calculations, based on gross national product(ONP) per head of population, puts the Republic, with U882,560 per capita, only Just behind the Boviet Union and ahead202 words
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259 1977-07-07 1 THE US dollar fell below the 204 yen level in the Singapore forex market yesterday morning under strong speculative pressure and as quickly, reversed to hit the 285 mark in the afternoon after some signs of market support from the Bank of Japan.259 words
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Article207 1977-07-07 1 ASEAN to opKtod to kali a meetiac wkk tka Uaitoi Statoa wMt nam mt ntßMdac.tMifteW' tiauiaf Mfisa rf diaiafaaa wkk Iwdiiil (MitriM will ke kalita Manila, ynWM7 aa a gi iraanat to smnMit level iMf tke Kaala «uapur tai tka totoi at mat BMliik with tto207 words
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306 1977-07-07 1 THE FINAL round of talks on Singapore's 12 billion petrochemirsi project will take place some time in the middle of this month between executives from Sumitomo Chemical Company of Japan and officials from the Ministry of Finance and the Economic Development Board.306 words
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554 1977-07-07 1 SALES of motorcars last month picked up significantly and were double the level of the previous June. Total sales for this year are expected to be about 13,000 cars, 60 per cent higher than the 1976 level. The projection was given by a554 words
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Article80 1977-07-07 1 THE Joint Opposition Council comprising the Barisan Soslalls, the United Front, the Justice Party and the PKMS yesterday named Dr. Lee Slew Choh as their candidate for the coming Buklt Merah parliamentary by-electlon. Dr. Lee, 59, was nominated as the candidate after the Joint Opposition Council80 words
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Advertisement130 1977-07-07 1 We're great LISTENERS... ..;SO, talk to us. Because we stay tuned to what goes on in the world of finance, we can give clear, sound advice. We are constantly developing new and imaginative plans to meet the financial needs of both small and big businesses. As a specialised financial institution,130 words
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Advertisement8 1977-07-07 1 SEE BACK PAGE SEE PAGKS S A S }^@^@<@)`-.\*';^&`{',^'~)$}%]='8 words
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Advertisement69 1977-07-07 1 .};*.&[;)(:-{!?^,-}(!.+>+_@@%-) Singapore to Tbkyo via Hong Kong <■&> :-r mm m c ■K M 5Helen CHu. Daily flight departs at 10.45 am arrives Hong Kong at 2.50 pm and continues on to Tokyo arriving aW0.25 pm. For reservations call your travel agent or Cathay Pacific at *****1. CATHAY PACIFIC ThtSwiifCraif69 words
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OVERSEAS
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250 1977-07-07 2 Reuter BONN, Wed. West German Industrial production fell provisionally by almost 2 per cent seasonally adjusted In May following April's provisional 0.9 per cent decline, the Economics Ministry said. A ministry spokesman said the production index, base 1970, was 112 In May after aReuter - 250 words
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Article90 1977-07-07 2 Reuter BONN, Wed. Economics Minister Hans Frlderichs told yesterday's concerted action meeting that employers and workers should work together to solve the problem of unemployment. The meeting, which normally groups government, Industry, banking and union officials, was boycotted for the first time in its 10-yearReuter - 90 words
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Article126 1977-07-07 2 Reuter FRANKFURT, Wed. West Germany's net monetary reserves rose by over 200 million marks (Ss2l3 million) to 80 billion in the week ended June 30 and compare with 90 billion marks In the same week last year, the Bundesbank said. The Bundesbank said net currencyReuter - 126 words
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Article91 1977-07-07 2 Reuter WASHINGTON. Wed. The US Agriculture Department said US 1977/78 cotton production could total between 12.5 and 13 million bales (220 kilos) compared with 10.6 million In the current season, provided yields average between 220 and 230 kilos per harvested half-hectare. In a summary of the cotton andReuter - 91 words
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Article, Illustration220 1977-07-07 2 AFP BONN, Wed. Chancellor Helmut Schmidt (above) today set out oa a 10-day trip taking in Canada, the United State* and Iceland during which he will discuss nuclear matters, inter* national detente, the NorthSouth dialogue and other topic*. West German official*AFP - 220 words
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Article65 1977-07-07 2 AFP TEHERAN, Wed. Iranian Foreign Minister Abbas All Khalatbarl resumed talks with Iraqi officials here today on improving road and rail links between the two countries, the Teheran press reported. The Teheran Journal said It was hoped to open new routes across Iraq and Jordan linkingAFP - 65 words
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Article78 1977-07-07 2 AFP TOKYO. Wed. Japan's coal production totalled 18,325,000 tonnes, down 272.000 tonnes from the Erevlous year, the Coal lining Association reported today. During the same period, Japan Imported 60,866,000 tonnes of coal compared with 62,339,000 tonnes purchased a year earlier, the report noted. The Association also saidAFP - 78 words
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952 1977-07-07 2 Reuter LONDON, Wed. Foreign exchange dealers and lnternatlonal economists generally present mixed views about the future prospects for the dollar after its weakening over the past 10 days against the currencies of Japan, Germany, Holland and Switzerland. Since June 24 when financeReuter - 952 words
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197 1977-07-07 2 Reuter LUXEMBOURG, Wed. EEC plans to revive its ailing steel industry could cost more than 80,000 Jobs over the next five years, EEC Industry Commissioner Mr. Etienne Davlgnon said here. About 750,000 jobs are directly Involved and between one-seventh and one-eighthReuter - 197 words
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388 1977-07-07 2 NYT NEW YORK, Wed. Government employment in the United States federal, state and local has more than doubled In the last 20 years, rising from 7.4 million to 15 million, according to a study by the Conference Board. Most of the Increase was concentratedNYT - 388 words
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362 1977-07-07 2 Reuter. WASHINGTON, Wed. New York City started the year that was to wean It from federal assistance by Retting a US$3OO million (Ss73B million) loan from the US Treasury yesterday. The city certified, as required by law, that it came toReuter. - 362 words
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942 1977-07-07 2 News in Depth WASHINGTON, Wed. The Carter Administration has signalled to Asia America's Intention to remain a strong Pacific power, while moving towards normal ties with China. The message, In a policy speech by Secretary of State Cyrus Vance, was Intended to reassureNews in Depth - 942 words
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207 1977-07-07 2 Reuter TOKYO, Wed. Japan's Vice-Minister of Finance, Shigeya Yoshlse, said the present level of the yen's exchange rate is acceptable to the Finance Ministry. Mr. Yoshlse told a meeting of business leaders the level reflects the natural value of the currency based onReuter - 207 words
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367 1977-07-07 2 Reuter LONDON, Wed. UK stockbrokers Rowe and Pitman, Hurst-Brown said they expect the UK economy to continue to recover in the current year with consumption and investment rising in the second half. In a review of the UK economy the company said private consumption willReuter - 367 words
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177 1977-07-07 2 Reuter LONDON, Wed. About 40 postmen were suspended yesterday for refusing to handle mall for Grunwick, a non-union London factory which has become a national target for leftwingers. British authorities had feared for weeks that the dispute might spill over Into the post office.Reuter - 177 words
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Article117 1977-07-07 2 Reuter CHICAGO, Wed. US District Court hearings Into charges by the Commodity Futures Trading Commission (CFTC) against the Hunt family ended after Judge Frank McGarr refused to hear two rebuttal witnesses offered by the CFTC. Mr. McGarr set July 25, following his vacation, for'Reuter - 117 words
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Article99 1977-07-07 2 AFP NEW YORK, Wed. A new market, the Commodities Exchange Centre Incorporated (CEC), opened here yesterday. It groups the Commodity Exchange Inc., the New York Coffee and Sugar Exchange, the New York Cotton Exchange and the New York Mercantile Exchange at the World TradeAFP - 99 words
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423 1977-07-07 3 UPI AP WASHINGTON, Wed. President Carter is preparing a standby petrol rationing proposal to cut fuel use as much as 25 per cent In case of an emergency, administration officials said yesterday. Mr. Carter met Energy Adviser James Schlesinger yesterday and decided to goUPI; AP - 423 words
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153 1977-07-07 3 AP SACRAMENTO, Wed. A state agency is writing 43 American companies which do business In South Africa, requesting they upgrade conditions for their nonwhite employees In that apartheid country. "We are concerned over human rights Issues in South Africa," say the letters, to beAP - 153 words
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678 1977-07-07 3 Reuter Reuter WASHINGTON, Wed. China's onshore oil reserves fall far short of predictions by private experts who rank them alongside Saudi Arabia's potential, according to an American Intelligence study. The Central Intelligence Agency (CIA), In a study on oil production prospects In China, putsReuter - 678 words
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426 1977-07-07 3 AP LONDON, Wed. World oil consumption recovered to record levels last year after falling for two successive years following the oil crisis of 1973, British Petroleum's (BP) annual survey reported yesterday. Total international oil consumption rose 6.6 per cent or 178 million tonnesAP - 426 words
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344 1977-07-07 3 AFP LONDON, Wed. Saudi Arabia yesterday assured the Industrialised world that it has no intention to reduce its crude oil output because this would have a "dangerous impact" on the world economy. The assurance was given by Saudi Planning Minister Hisham Nazer in aAFP - 344 words
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Article106 1977-07-07 3 PARIS, Wed. The French state-run Bureau of Geological and Mining Research (BROM) today announced the conclusion of a 560 million franc (about SS27O million) two-year contract with the Saudi Arabian Ministry for Petroleum and Mineral Resources. BROM chairman Mr. Yves Perrln said the two sides had renewed106 words
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Article139 1977-07-07 3 AP WASHINGTON. Wed. Economic growth in the rest of the industrialised world centimes to trail the strong growth tftlw United States' economy, the US Conuneree Department reported yesterday. It said the annual rate of growth for six major industrial nations was 1 per centAP - 139 words
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327 1977-07-07 3 Reuter OENEVA, Wed. A 54nation conference opens here today to discuss world economic problems. The Middle East and Rhodesia are likely to become prominent Issues. One of the topics facing a month-long session of the United Nations Economic and Social Council (Ecosoc) Is aReuter - 327 words
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Article48 1977-07-07 3 UPI HONGKONG. Wed. A drilling team In Szechuan province has set a new depth record for oil wells In China by drilling a well 7,058 metres deep. This exceeds the previous record by 1,047 metres, according to a New China News Agency (NCNA) report today. UPIUPI - 48 words
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Article129 1977-07-07 3 AFP NEW YORK, Wed. Two of the bis US banks expect a certain sluggishness in consumption by the US public in the months ahead. Citibank economists said that in spite of a likely levelling off in household buying, the US economy was basically solid and shouldAFP - 129 words
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Advertisement86 1977-07-07 2 ctem&mm If you're thinking of a quick hinch but want to avoid the usual stuff served in town, come to Four Seasons. From Mondays to Saturdays, our expert chefs prepare complete deluxe set lunches with a house specialty as the main course. Monday Grilled Entrecote Tolstoi Tuesday Special Curry ami86 words
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Page 2 Miscellaneous
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Miscellaneous52 1977-07-07 2 THE WEATHER WEATHER report for 24 hour* prior to 7.30 p.m. on July 6 at Singapore airport. Maximum Temperature 30.5° C Associated Humidity 70 Minimum Temperature 24.4° C Associated Humidity 93 Hours of Sunshine 3.2S Rainfall in Millimetres 5*7 Total Rainfall for the Month 40.5 Total Rainy Days for the52 words
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Miscellaneous274 1977-07-07 2 SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee Nobody Always Wins with superimposed English/ Chinese subtitles (Pt. 1 of a Mandarin film repeat) 3.40 General Hospital 4.25 Intermission 6.05 Opening announcements followed by Lassie The Homesick Hound* 6.30 News in Brief* 6.35 Warna-Warni (Malay-repeat)* 7.00 My Brother's Keeper274 words
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Advertisement348 1977-07-07 3 4 i f r> J y 4 \y V i -t y I! ~f -iM $> 1 k > r vV h "S pi >1 •lit t wt c V I I SJ -> -,v; C» re? i m Ms** w&w. i r U II it II i II II348 words
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Article526 1977-07-07 4 PERN AS SECURITIES and Charter Consolidated have finally reached agreement on the board of directors of Pernas Charter Management (PCM), which Is to be the management company for Malaysia's own giant tin company. Formal letters were sent out at the end of last week to526 words
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Article380 1977-07-07 4 Current Ex Date Total for Total for payment Date payable the year previous year Kulim 13% May 31 July 7 23% 12.5% Tongkah Harbour 12.5HI May 30 JulyS 12.5%I 11% Chin Teck 10%I June 14 July 9 10%I 17.5% Killing hall Tin 200% I June 15 July 11380 words
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251 1977-07-07 4 FEDERAL CABLES, Wires and Metal Manufacturing has stated that It is unaware of any reasons for the recent substantial interest in the company's shares on the Kuala Lumpur Stock Exchange. "Apart from the recent Increase in Interest in the share market and the increase251 words
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Article91 1977-07-07 4 MR. P.G.K. OOSTHUIZEN, executive vice president and general manager, International Banking, Bank of Montreal has announced the appointment of Mr. Herman F. Dooyeweerd as vice president and division head, Asia and Pacific division and Mr. Hal C. Hartman as vice president, Asia and Pacific division. Both are91 words
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Article, Illustration527 1977-07-07 4 TRENOGANU DEVELOPMENT and Management staged a strong recovery last year. Pre-tax profit for the year ended Dec SI, 1978 rose by 180.8 per cent to M 51.38 million a record for the company since It went public in 1909. In 1975, It suffered a 62.5527 words
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159 1977-07-07 4 NORTH BORNEO Timbers is to Increase Its stake In subsidiary, Bahan Kayu Walbay from 50.1 per cent to 100 per cent. The company says It has arranged to purchase from BKW Its remaining 499,999 Msl ordinary shares and 1.3 million preference shares of159 words
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COMPANY MEETINGS
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27 1977-07-07 4 THE following company meetings are due: July 8, 12 noon. No. 13, Jalan Se man gat (Section 13), Petallng Jaya, Selangor.27 words
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Article18 1977-07-07 4 July 8, 2.30 p.m. Registered Office, No. 9 Qui Circle, Jurong Town, Singapore 22.18 words
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19 1977-07-07 4 July 14, 10.30 a.m., Registered Office. Penthouse, 10th Floor. Wlsma Central, Jalan Ampang, Kuala Lumpur.19 words
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Article16 1977-07-07 4 July 14, 11 a.m., 9th Floor, Wlsma Central, Jalan Ampang, Kuala Lumpur.16 words
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305 1977-07-07 4 THE OUTLOOK for Malaysia Weaving Enterprise In the current year Is far from clear despite the fact that the group made a substantial upturn In profits last year. According to chairman, Mr J.N. Patel unless there Is a dramatic upswing In demand In the second305 words
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Article1207 1977-07-07 4 MAX WILKINSON - What is the rationale REYROLLE/CHAPMAN MERGER By MAX WILKINSON FT IT IS clear that one of the main pressures behind the proposed merger of Clarke Chapman of Oateshead and Reyrolle Parsons of Newcastle Is a feeling of North East solidarity. The strength of local feeling was emphasised by Sir JamesFT - 1,207 words
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Article1404 1977-07-07 4 On July 5 TRADING in options on the Chicago Board Options Exchange on Tuesday came to 71,488 contracts compared with 72.029 contracts on Friday. OPTION JLY OCT JAN STOCK Alcoa SO 3 1/8 4 1/6 9 1/2 93 Alcoa #0 1/10 1/3 1 3/6 93 Am Tel1,404 words
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Article52 1977-07-07 4 Reuter 08AKA, Wed. Nitto Electric Industrial confirmed It will make a US$l5 million 15-year convertible bond Issue at par In the European market through an underwriting syndicate headed by Nomura Europe. Lists will be closed on Aug 2, but coupon rate and other terms will be fixedReuter - 52 words
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Advertisement112 1977-07-07 4 This issue has been completed, this announcement appears as a matter of record only. MALAYAN BANKING BERHAD RIGHTS ISSUE OF 30,000,000 ORDINARY SHARES AT M 53.00 EACH THE ISSUE WAS MANAGED BY ARAB-MALAYSIAN DEVELOPMENT BANK BERHAD MALAYSIAN INDUSTRIAL DEVELOPMENT FINANCE BERHAD ASEAMBANKERS MALAYSIA MALAYSIAN INTERNATIONAL MERCHANT BANKERS BERHAD OF WHICH112 words
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INTERNATIONAL COMPANY NEWS
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231 1977-07-07 5 NORTH AMERICAN COMPANIES Reuter SEVERAL leading US semiconductor companies said a Japanese cartel has emerged In the world semiconductor market and have asked the US Government to help stop It. The companies said their representatives met In Washington last week with special trade representativeReuter - 231 words
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Article73 1977-07-07 5 Reuter GULF OIL said it will acquire from Aug 1 the shares of Chevron oil of Switzerland, a subsidiary of Standard Oil of California, for an undisclosed amount of cash. A statement from Zurich and released here said the acquisition Includes all Chevron's marketing activitiesReuter - 73 words
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Article292 1977-07-07 5 UPI ALLIED CHEMICAL allowed Canadian and European subsidiaries to provide more than US$4 million In kickbacks to foreign customers to stimulate sales, previously secret government records showed on Tuesday. The records made public by the Securities and Exchange Commission also showed that Allied Chemical was movingUPI - 292 words
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185 1977-07-07 5 Reuter THE US Justice Department has filed a civil antitrust suit aimed at preventing a proposed tender offer for the stock of Babcock and Wilcox by United Technologies. The complaint, filed In the US District Court In Hartford, Conn, alleges theReuter - 185 words
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Article41 1977-07-07 5 Reuter BELL CANADA said over 99 per cent of the 2.63 million warrants to purchase its common shares were exercised before the offer ex- plred on June 30. The operation raised some US$l2O million In new equity capital. Reuter.Reuter - 41 words
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Article64 1977-07-07 5 Reuter CONTINENTAL OIL (Conoco) said the first drilling on block 102/29 in the Celtic Sea will begin early this month. The well is 88 km south west of the Welsh Coast in a water depth of 530 km. Conoco is operator for the block licensees which comprises ConocoReuter - 64 words
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Article120 1977-07-07 5 Reuter HARVESTING Machinery Manufacturer Hesston and Internazlonale Holding Flat (IHP), a wholly-owned Swiss subsidiary of Fiat of Italy have signed an agreement under which Flat will buy about 50.2 per cent of Hesston's voting securities for US$2O million. Hesston said under the agreement, the Flat unitReuter - 120 words
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108 1977-07-07 5 CONSOLIDATED FOODS said it made a cash tender offer for 65 per cent of the outstanding shares of Douwe Egberts, coffee, tea and tobacco products manufacturer of Utrecht, the Netherlands. Consolidated Foods said its maximum investment In the family-owed Dutch firm would be US$l56108 words
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Article416 1977-07-07 5 FT TWENTIETH CENTURYFOX has taken its first step in a long anticipated diversification effort. The US distributor and producer of motion pictures for cinemas and television announced a U5527.5 million offer to acquire Coca-Cola Bottling Midwest. The offer of $26 per share to theFT - 416 words
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159 1977-07-07 5 ASIAN COMPANIES Reuter OSAKA, Wed. Sanyo Electric said It expects profit for the current year ending Nov 30,1977 to reach the targetted 11 billion yen on sales of 545 billion, compared with 0.20 billion and 467.6 billion In the previous year. ItReuter - 159 words
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101 1977-07-07 5 Reuter HONGKONG, Wed. Swire Properties and Sirius. Enterprises said they set up Swire Sirius to carry out develop-ment of stage four of their Talkoo Shlng property Development. The new company win uc 60 per cent owned by Swire Properties, with t-he balance heldReuter - 101 words
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Article157 1977-07-07 5 Reuter HONGKONG, Wed. The National Power of the Philippines signed a HK$65 seven year loan agreement with a group of international banks, Orion Pacific said as lead manager with Asian International Acceptances and Capital and Chase Manhattan Asia. An Orion spokesman told Reuters the loan willReuter - 157 words
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Article55 1977-07-07 5 Reuter TOKYO, Wed. Nissan Motor has established a wholly-owned subsidiary Nissan Textile Machinery In North Carolina, the US. to boost sales of textile machines in the US and Canada. Capitalised at USSI million, the new firm will market newly-developed Nissan air Jet looms and expanding its serviceReuter - 55 words
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Article88 1977-07-07 5 Reuter DUNEDIN, Wed. ICI New Zealand subsidiary Mlnzlmp Exploration said It will resume gold exploration off the Otage Coast. The company stopped analysis of initial samples from its 4,000 square kilometre concession, which had shown small amounts of alluvial gold, following the withdrawal of Its partnerReuter - 88 words
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Article126 1977-07-07 5 EUROPEAN COMPANIES Reuter STOCKHOLM, Wed. Svenska Taendstlcks I Swedish Match) made a ass of 14 million crowns on Invoiced sales of 1.42 billion crowns for the four months ended April 30, 1977. This compared with a loss of one million crown on sales of 1.43Reuter - 126 words
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Article73 1977-07-07 5 Reuter PARIS, Wed, Half of the French Government's special two billion franc fund for loans to small and medium sized businesses has already been used, informed sources said. The fund was established in April through a two billion franc 11 per cent 15 year loan floated In theReuter - 73 words
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Article62 1977-07-07 5 Reuter BRUSSELS, Wed. The European Coal and Steel Community will grant a £28 million loan to North Sea Iron to help finance a direct reduction steel plant at Jarrow, North East England, the EEC Commission said. The funds will be provided in Instalments as project costs are incurredReuter - 62 words
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77 1977-07-07 5 Reuter WOLFSBURG, Wed. Volkswagenwerk chairman Mr. Tonl Schmuecker told the annual meeting even if the high dividend payments of the 1960's are not quite attained, the company Is now in a position to approach previous distribution levels. "It is clear that we can think aboutReuter - 77 words
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414 1977-07-07 5 FT JOHANNESBURG, Wed. A number of U8 multinational companies operating In South Africa are believed to be speeding up remittances of dividends and profit from the Republic, and some banking sources have Indicated that there has been an Increase In applications forFT - 414 words
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Article112 1977-07-07 5 AFP HONGKONG, Wed. Hsin Chong Holdings (HK) reported a record group net profit of HKJI9.S million for the year ended March 31, 1977. Compared with 115.5 million in the previous year this is a 26 per cent Increase for the company, which Is one of Hongkong'sAFP - 112 words
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Article180 1977-07-07 5 Reuter PERTH, Wed. The Australian Metal Workers Union (AMWU) members at the Newman Iron ore mine went on strike yesterday to <>rotest the use of "scab" abour at Port Hedland, a Mt. Newman Mining spokesman said here. But other unions who also met on theReuter - 180 words
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Article60 1977-07-07 5 Reuter TOKYO, Wed. Taisho Marine and Fire Insurance said It will increase Its capital to 23 billion yen from 16.1 billion, by a three-for-10 rights issue at par of 50 yen and one-for-10 jcrlp issue. The company will also offer a total of 7.8 million new sharesReuter - 60 words
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Article78 1977-07-07 5 Reuter LONDON, Wed. The Mitsubishi Corp US$4O million convertible Eurobond, due 1992, will carry a coupon of six per cent and be issued at par, lead manager Morgan Stanley International said. The conversion premium has been fixed at 9.2 per cent giving a conversion price ofReuter - 78 words
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Article70 1977-07-07 5 MANILA. Wed. The Philippine Sinter has Sroduced and shipped )3,452 tonnes of sintered Iron ore worth 394 million pesos to Japan since It started operation in April. Company officials said some 20,000 tonnes of lime stone from the Central Philippines island of Bohol would also be exported as70 words
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155 1977-07-07 5 UK COMPANIES FOR THE YEAR ended March 31, 1977 Oeneral Electric made a pre-tax profit of £278.3 million compared with £207.2 million previously. The 34 per cent Increase In earnings was achieved on the back of sales of £2.05 billion, up from £1*75 billion155 words
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Article26 1977-07-07 5 BRITISH PETROLEUM said US$35O million six per cent marine terminal bonds will be offered at 100 per cent by Sohlo Pipeline and BP Pipelines.26 words
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Article109 1977-07-07 5 Reuter TRUST HOUSES FORTE made a pre-tax profit of £10.5 million on sales of £237.3 million for the first half-year ended April 30, 1977. This represents an Increase of 191.6 per cent over the previous half's earnings of £3.6 million and a rise of 26.0 perReuter - 109 words
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Article77 1977-07-07 5 Reuter THE BANK OF ENGLAND and UK financial institutions hope to agree within the next few months on coordinated self-regulation of Britain's securities markets, financial sources said. A new body, which may be called the council for the securities Industry, Is likely to assume the responsibilities ofReuter - 77 words
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Article62 1977-07-07 5 Reuter DEBENHAMS said 24.64 million or 73.8 per cent of the 33.41 million ordinary shares offered under its 1'21.9 million rights Issue have been taken up. The remainder have been sold for the benefit of shareholders originally entitled to the shares under the offer. The issue wasReuter - 62 words
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Article44 1977-07-07 5 BARCLAYS BANK INTERNATIONAL said It signed a five-year loan agreement with Deminex UK Exploration and Production and Deminex Oil and Gas (UK) for £75 million to help finance Deminex's 41 per cent share of the development costs of the North Sea Thistle Field.44 words
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Advertisement215 1977-07-07 5 The answers to aH complicated calculations are at your A fingertip When unnecessary calculations bore you down and your business comes to a standstill because you mis-calculated, it's time you consult the SHARP CALCULATORS are 'Professors of calculations', Be it simplified or complicated,\ the answers are given QUICK and SURE.V215 words
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Article2252 1977-07-07 6 1177 High Lmm Ciwmbt Last Bak ♦sr. <*'■ «T Dtv «*n Qr*s Nat P/E Val (•888) Day High Lorn SECTION ON* INDUSTRIALS 154 138 204 92* 215 101 198* 163 219 392 136 127 172 58 212 57 155 152 182 350 Aetna Acma A Alcorn Allied2,252 words
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Article1617 1977-07-07 6 I BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1000 units -unless otherwise specified. All Time Settlement Contracts are quoted after the word "3ett." Big1,617 words
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Article1574 1977-07-07 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchanee yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS Al* am (1.808 1.858). A. Chaa (0.888 0 638). A.M.D. (0.85B)1,574 words
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Article69 1977-07-07 6 STRIKING prices at the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. D.B.S. (Mar S.VAOI (0.20B) (Dec $3.60) (0.15B). Pan Electric (Dec $1.90) (0.05B). (Mar 51.90) (0.10B).69 words
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Article147 1977-07-07 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers' pncw for July 7) (Curreat pf few) INCOME BOND i oe 1 12 The Commerce The Saving Fund 1.8k 1.78 0.95 1.00 MARA BUMIPUTRA FUND l..t. T\ S pore Prog Fund S pore Security Fund S pore Invest Fund 0.84 0.89147 words
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Article139 1977-07-07 6 B O T 8 1/2% 1981 (100.000) (102 7 »B 103HS) B O T 7 5/8% 1984 (100.000) (98^-4B 99'«S) Credit Lyonnais Floating 19&3 (100.000) (98HB 995) DBS Converts 6 1/2% 1991 (100.000) (98*B 98*S) D B S 8 1/2% 1982 (100.000) 101'*S) EI 89% 1982 (100.000)(103*B 104139 words
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Article126 1977-07-07 6 Rep Spore D Mark 7% 1982 (100.000) (100'«B 101 *S) Rep Spore D Mark 6 1/2% 1983 (100.000) (998 99*S) Rep Spore 7 3/4% 1987 (100.000) (100*B 1018) 3/4% 15/6/80 (250.000) (103 958) 3/4% 1/12/80 (250.000) (103 90B) T F 15/4/81 (250.000) (101 70B) 5 3/4% T F126 words
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Advertisement137 1977-07-07 6 Penguins in Business and Management Understanding Company Financial Statements: J. Parker Organization Theory: D. Pugh Business Strategy: H. Ansofj Corporate Strategy: H. Ansoff Exploration in Management: IV. Brown Modern Management Methods: E. Dale Offensive Marketing: J. Davidson Business of Management: R. Falk Modern Business Enterprise: M. Gilbert Corporation Man: A.137 words
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Article, Illustration645 1977-07-07 7 SECOND and third tinsrs had a field day on the Stack Exchange of Singapore yesterday. Hectic trading in some of these counters increased the day's volume considerably. Appreciations of M par cent and mere were recorded in exti erne ceeee. The market opened on an irregular note645 words
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Article424 1977-07-07 7 LOWER-PRICED Malay- 1 sian- based stocks stole the limelight In an active ses- sion on the Kuala Lumpur Stock Exchange yesterday. ■Fired by some strong speculative support, a number of the lower-priced counters rose substantially higher. The overall market firmed lnltlallv but eased slightly around the424 words
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Article349 1977-07-07 7 flnsgktsg Share prices closed slightly higher on moderate turnover, in quiet and featureless trading, dealers said on Wednesday. The Hang Seng Index roee 1.71 f to class at U7.1l H«fkMg Baak rose V cants to $18.10, AnsMooa 2.50 cents to $3,375 and Swire Psettle five cents to M.BO, while349 words
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Article479 1977-07-07 7 TOKYO: Late cheap buying In blue chips more than offset Initial declines and the market closed higher, dealers said on Wednesday. The Dow Jones average gained 29.98 to cloae at 4,972.49 with volume ISO million shares. The New Index closed at 375.84, up 1.92. Export-oriented electrlcals and motors recovered479 words
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Article463 1977-07-07 7 SYDNEY: The market waa mixed on Wednesday, with BHP falling 12 cents to $4.1$ and CBK six cents to $3.19 on the Industrial problems at the Mt Newnu Iron ore mine, dealers said. The Sydney All-Ordinaries index lost 1.0 point to cloee at 453.72. Strong action threatened against militant463 words
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Article150 1977-07-07 7 MANILA: The market clofted mixed with oils registering fractional gains while mines continued to fall and commercials posted small losses, dealers said on WednesdayTurnover declined to 5. S3 million pesos from Tuesday's 7.13 million. AtUa and Pkilax closed six and two points lower respectively, while Lspaats closed two points150 words
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Article96 1977-07-07 7 JULY M Bahts Asia Fibre 116 -J Bangkok Bank 325 -4 Bangkok Ift vast KM -4 Bangkok-Metro-nAlltan Da m b puuwui otnK Bala 970 -10 Berll Jucker no -s Charoong Thai m Wire 4-1 Dumex DusttThani Faber Martin First Trust Indo-Thal Industrial Finance Corp 1206 J And J Ho96 words
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Article288 1977-07-07 7 AMBTERDAM: The market closed firmer on foreign, particularly German, demand, dealers said on Tuesday. Royal Dutch led Dutch Internationals 0.90 pulklers firmer although Philips was unchanged. Elsewhere banks, Insurances, trading stocks and Industrials firmed. ShlDOlnes were lower on balance. ELM rose 0.70 ahead of publication of Its 1976/77 annual288 words
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Article151 1977-07-07 7 BRUBSELS: Almost an shares closed higher In more lively trading ahead of an expected rise on Wall Street, hours* sources said on Tuesday. Sidre, liUreta, Clabect, Hslaset gawhils Ane, TTas—s Liu AsMaistraMr rose while HobokM fell. In foreign stocks UK were little changed. Oermans rose, Dutch and French were151 words
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Article273 1977-07-07 7 PRANKTUBT: Share* IftUl cloeed firmer but bdov Um with M«h liquidity, cunency speculation and foreign Investor inureet resulting in. at tlmd, rtry hykj trading, bourn sources aM on Tuesday. Stores. motor* and snglneerIngs roM up to 4.50, while leading banks galnsd at most two. Public bond prices were mixed273 words
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Article143 1977-07-07 7 MILAN: The market on Tuesday eased on a broad front on lack of Interest apprbachlng end-of account considerations which contributed to the weakness, dealers said. Declining Issues Included Plat, M»b(Wl*m. both Pirellis and Ottvettie. Salt Vlacaaa, Amlcurasieai General! and BasUfi. Meadadori firmed against the trend. Bonds were irregularly lower.143 words
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Article308 1977-07-07 7 PARIS: The market retreated In quiet trading on Tuesday following an Increase In call money rates and uncertainty on foreign exchange markets, dealers said. All sectors eased, with banks the most affected Americans, oils and coppers eased. Oermans were steady and Canadians mixed. JULY m Pr» COBBBUXC Air-Uquide B8N308 words
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Article278 1977-07-07 7 ZURICH: The market closed steady after drifting slightly lower on lack of buying interest, dealers said on Tuesday. Swissair consolidated Its recent gains In transports, while leading banks ruled barely steady. In flnancials bearer shares of Bally and OartikaaBuehrle met proflttaklng after last week's strong advances. Insurances closed little278 words
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Article367 1977-07-07 7 JOHANNESBURG: Oold shares firmed In afternoon business, reflecting steady buying pressure on higher bullion Indications. dealers said on Tueeminings were mixed, with losses of up to 38 cents and pans up to 10 cents De Beers traded seven cents higher at 447 cents. Coppers were mixed. Some platinums were367 words
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Article324 1977-07-07 7 TORONTO: Prices closed higher In active trading on Tuesday. The market resisted upward pressure from New York until the final hour of trade when, spurred by the recovery of oil and gas Issues, there was a modest advance. Management companies,, financial services and oil and gaa issues were the324 words
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Article1249 1977-07-07 7 NEW YORK: Stocks managed a small gain In lacklustre postholiday weekend trading on Tuesday. Analysts cited encouragement over the slower pace of Inflation as weU as recent Interest rate stability as major factors behind the advance. They noted, however, weakness at the day's opening reflecting renewed fears among1,249 words
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Article62 1977-07-07 7 FINANCIAL TIMES INDUSTRIALS Tuesday *81.$ Monday 440 0 Week Ago 458.1 DOW JONES AVERAGE industrials Tuesday 913.88 Monday 924.10 Week Ago 918.82 LONDON DOLLAR PREMIUM Tuesday U4K to 114% Monday 113% to 114* H.H. HANG SENG Tuesday 438.48 Monday 438.82 Week Ago 438.02 SYDNEY INDUSTRIALS Tuesday 375.80 Monday 378.0062 words
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Advertisement339 1977-07-07 7 Xm, Yes, Penguin books are not to be found in any ordinary shop. Not in tt,e roac^"s c,e stalls. Heavens, certainly not in the BrU pasar ma I am! Because Penguin books are rather ■ffjWtfSiLJ 1 )k special The V are mind-stimulating, deeply researched, entertaining in a wholesome way, highly339 words
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COMMODITY REPORTS AND PRICES
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Article578 1977-07-07 8 OPENING quotations In the Singapore rubber market yesterday were marked down half a cent after which the market fluctuated narrowly in thin trading, dealers said. Towards the morning close, some offerings of January/March caused prices to ease a further half cent. Turnover was very low.578 words
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Article300 1977-07-07 8 Noon Cloae (perkllo) (perkllo) Buyers Sellers Buyers Sellers Int. 1 R.S.S prompt f .o.b. 1M.23 187.25N 115.00 IM.OON Int. 1 R.S.8. July 180.75 187.00 185.50 188.00 Int. 1 R.S.8 August 188.75 180.25 187.50 188.00 Int. 2 R.S.S. 186.00 187.00N 185.00 186.00N UK/Cont. 185.00 186.00N 184.00 185.00N Int 3R.S.S300 words
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Article88 1977-07-07 8 J-»y Ai R.A.S. (Currtnt Mth) (Forward Mth) Buyer Setter* Buyer® Seller* (eai ■Uparkc) (oeati i»*rkc> SSR 20 (1-ton Pallet) 180.00 192.00N 101.00 183.00N SSR50 (1-ton Pallet) laa.oo 190.00N 180.00 191 OON M.R.E.L.B. Aufutt Septa ""'ttS.OON SMR" 5CV (1-Ton Pallet) 213.00 215.OON 213.00 SMK 3L (1-Ton Pallet) X10.S088 words
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Article30 1977-07-07 8 Rubber: July 6 Singapore: Julv 185.50 eta (down 2.00 cts.) Malaysia: August 189.25 cts (down 2.25 eta.) Tin: $1,492 (up $35) Official offering: 250 tonnes (up 85 tonnes)30 words
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Article62 1977-07-07 8 THE Malaysian Minister of Finance has fixed the following rates for the period July 7 until further notice: Rubber: 85% cents a lb Copra: $880.00 a ton Palm Kernel:. $235.25 a ton The rates of duties payable are: Rubber: Btt cents a lb. (Total 14 cents) (Surcharge 4*62 words
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Article473 1977-07-07 8 TRADINQ' conditions remained generally Ustless In the Singapore market as dealers withdrew further Into the background. Until the close, a wait-and-see attitude pervaded. A sudden reversal in the easier trend of copra and jconut oil was poted allowing Improved sentiment In the London terminal market. However, there were473 words
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Article413 1977-07-07 8 LONDON, Wed. Futures ended the opening session £28 down to £28 per tonne up from last night. The market tone was 'quiet' with only 108 lots traded. Dealers said the market was hesitant and lacked the past 21/2 days local dealer and trade support. On Tuesday, futures tended lower413 words
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Article66 1977-07-07 8 C.I.F. Rotterdam, US dollars per ton. LONDON: Malaysia 5S ffa bulk 1 utauy Aug unq unq Sumatra 5* July 535 sir •10 air Aug 527/530 pd 530 slr/525 pd Sept 520 sir 520 alr/515 pd Oct 515 sir 515 air Nigerian 5* ffa bulk unq. unq. Sterling per66 words
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Article206 1977-07-07 8 THE Straits tin price In Penang yesterday was up $35 to $1,492 on an official offering up 85 tonnes to 250 tonnes. The market advanced strongly following firmer London advices and on demand from all sources. In LONDON yesterday morning, tin eased £25 for cash and £20206 words
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Article176 1977-07-07 8 LONDON, Wed. Terminal sugar registered first call losses from last night of 12.00 (near August at 1109.90) to £120 per tonne but fluctuated In hesitant open trading with commission house selling tending to dominate, dealers said. The London dally raws price was reduced by a further £2.00 to £106176 words
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Article130 1977-07-07 8 LONDON. Wed. Terminal cocoa at the opening call rose by up to £32 spot July at £3,010. Cocoa futures closed the morning quietly steady having eased back from early highs on jobber pro-fit-taking. Prices ranged from £16 up from last night (near July at£2.994)t0 £2.00 lower. Final levels were130 words
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Article185 1977-07-07 8 BANGKOK, Wed. Indicative prices quoted here were: 100 per cent 1st class 300 100 per cent 2nd class 285 100 per cent 3rd class 261 5 per cent 272 10 per cent 247 15 per cent 244 20 per cent 241 25 per cent 232 35 per cent unq185 words
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Article236 1977-07-07 8 HONGKONG, Wed. The cotton futures market closed lower In fairly quiet trading. In line with the overnight decline in New York, dealers said. Trading was centred on March, which had the largest number of open positions after yesterday's trading (75 lots) and closed 1.07 US cents lower, while236 words
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Article220 1977-07-07 8 CHICAGO, Wed. Soybean futures moved sharply lower in early trading yesterday, showing losses of the 30-cent a bushel limit across the board. Soybean futures finished the day down the 30-cent a bushel limit in the nearby July through November contracts while other months were off 29-3/4 to 23-1/2 cents.220 words
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Article73 1977-07-07 8 CHICAGO, Wed. Wheat future* posted losses ranging from 2K to cents a bushel in early trading yesterday morning. A wave of pre-hedge selling to the dosing minutes of the afternoon by commercials and cooperatives Dushed wheat futures lower, as final prices were six to 2* cents a bushel down73 words
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Article330 1977-07-07 8 LONDON, Wed. Copper wire bars In the morning lost mostly £2.50 per tonne. Values were marked down in Initial pre-market trading reflecting yesterday's New York close but the market staged a small rally on light covering against further West German demand, dealers said. Three Months traded from £732 up330 words
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Article253 1977-07-07 8 LONDON, Wed. Silver gained 0.9 to 1.1 pence per troy ounce in the morning. .Three Months finally changed hands at 262 pence. Turnover was only 14 lots. On Tuesday afternoon, silver finished with losses of 1.3 to 1.6 pence per troy ounce. Values declined Initially following US futures but253 words
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Article370 1977-07-07 8 THE Singapore gold market yesterday opened at 5511.207 per kilo In quiet condition. Trading was light and cautious as dealers and operators were apprehensive of the 11th IMF auction to be held In Washington yesterday night. Prices fluctuated between 11,195 to 11,220 and closed at SSI 1.216. The same370 words
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Article124 1977-07-07 8 LONDON. Wed. Lead In the morning rose by mostly £1.50. The market was given a small boost In prering trading by the trend In copper and upto £322 was paid for Three Months. Profit-taking pared values In the ring although some buying of cash tended to give support near124 words
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Article72 1977-07-07 8 IvONDON. Wed. Zinc In the morning eased by CI.OO all round. Three Months traded from 317 down to £314.50 In the ring but finished the kerb at C 312. Sales were .1,250 tonnes. On Tuesday afternoon, zinc hardened by £0.50 all round. This metal also sagged with Three Months72 words
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MONEY AND EXCHANGES
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Article558 1977-07-07 8 THE US dollar plunged below the yen 264 level In the Singapore forex market yesterday under strong trading pressures but recovered again to above the 265 mark as a result of what was believed to be Bank of Japan support for the currency. Opening at the 264.70 level in558 words
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Article52 1977-07-07 8 AfRT Cl. Firat Chicago «H IW—« IU*k IV Citibank Bangkok Bank 7 HSBC (H Hank of Aiirtu «H R.-k of China 7 Malayan Banking.. m Bank of Tokyo m Miuui Bank (V, Book Nogir* OCBC «H OUB CH I'k.rtmiJ lUak UCB 7 r%>H MukitUa lh UMBC 752 words
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Article155 1977-07-07 8 Asian rates ASIAN currency depotft Interbank rmies u ti ck «e on July IBM lara (Spat) 7 days 5 M 5 1/2 1 mth 5 3/1 5 1/4 2 mlhs 5 5/8 5 1/2 3mths 5 13/16 5 11/16 6 mth» 5 15/16 mthi 6 3/16 12 mth* 6 5/16155 words
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Article39 1977-07-07 8 RANOE of prices offered-by discount houses on July Overnight 3% C»n deposit 3% CUaiM 3-Month MIn Treasury Mil* n/t 3-Month Bulk Mils 41/1 4 3-Month CD 41/2 4 &/H 6-Month CD 4V> 47/li Source: National Discount Co. Ltd.39 words
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Article103 1977-07-07 8 Euro rates LONDON, Wed. Period Eurodollar deposit rates were marked down on the Friday dealing technicality in moderate activity, dealers said. Three Months was additionally affected because of a loss, of Friday end of period and opened point lower atMSH. Most other rates were marked down between 1/16 and fc103 words
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Article139 1977-07-07 8 NEW YORK. Wed. The dollar slumped to its lowest trade-weighted closing level here yesterday for six months but was above the extreme lows it touched during the day, dealers said. The yen closed sharply stronger at 0.3768/70 cents or 265.32 yen to the dollar from 0.3747/48 at Friday's139 words
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Article205 1977-07-07 8 LONDON, Wed. Light profit-taking In early trading here kept the dollar around overnight levels against the mark and the yen after the Bank of Japan bought dollars to halt the US unit's decline in Tokyo, dealers said. The dollar traded at 264.85/ 265.00 yen, little changed from today's Tokyo205 words
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Article102 1977-07-07 8 TOKYO, Wed. The US dollar reversed Its recent decline following Bank of Japan Intervention and closed at 265 yen for overnight delivery, up from a day's low of 263.30, dealers said. The dollar had opened today at 264.50 compared with 264.35 at yesterday's close. The dollar for immediate delivery,102 words
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Article49 1977-07-07 8 FRANKFURT exchanges opening quotes on July 6 US 2.3132/ 42 Can 2.1870/ 90 UK 3.975/ 980 Neth 93 90/ 94 00 Swltt 94 98/ 95.08 Italy 2.617/ 624 France 47.52/ 60 Horw 43 55/ 66 Bale (Com) 6 433/ 443 Be If (fin) 6.44/ 46 Jnpan 0.8730/ 4049 words
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Article71 1977-07-07 8 ZURICH exchanges closing quotes on July 5. US 2 4340 4350 UK 4 IWK 1895 Can 2.3000 3020 W Germ 105 20 30 Ntlh 96.91 M 02 France 48 91 95 Belg 6.77 1/4 78 Denm 40.42 44 Norw 45 S3 87 Swed 55 41 45 Italy 0 275371 words
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Article52 1977-07-07 8 AUSTRALIA/ NZ exchanges on July 6 Australia: Sterling 0 8544/ 0.9474 US dollar 1.1223/ I.U7S Ninety-day air mall buying rates Sterling 0.8728 US dollars 1 1477 Ninety-day forward buying rates: Sterling 0.8429 U8 1.1107 New Zealand Sterling 0.5*49/ 0.5817 US dollar 0.9782/ 0.9962 Ninety-day forward rate: Sterling 0.9712 US52 words
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Article40 1977-07-07 8 THE Monetary Authority of Singapore invites tenders from banks and discount bouses for a total of $30 million 91-day Treasury Mils to be issued from July ii to July 15. Each tender must not be less than *290.00040 words
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Article111 1977-07-07 8 HONGKONG. Wed. The US dollar recovered slightly to close at 264.60/90 yen, after opening at 264.50/60 and falling to a low of 263.30/40 In very active trading, but was still below Its New York close midpoint of 265.32, dealers said. The US dollar firmed against the rtK dollar to111 words
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Article307 1977-07-07 8 LONDON, Wed. Straight dollar Eurobonds were up to 1/2 point firmer In active trading reflecting a shortage of new issues, dealers said. Convertibles were quietly steady. LONDON Eurobond price* on July Straight* Bid Offcr Austria 8* 00 101 w 108* Bell Canada 8*. M 105 Mi 10S* BFCE8V.83 102307 words
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Advertisement192 1977-07-07 8 i iA =11 MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE W ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken ploce in all important sectors of the economies of countries in East and Southeast Asia.192 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration1670 1977-07-07 9 Roy Rogers,Ray Perman - Roy Rogers and Ray Penman report on the management and labour problem* facing the newly-nationalised shipyards. Roy Rogers,Ray Perman FT LONDON: British Shipbuilders, the newly nationalised shipbuilding Industry, was officially launched last week Into what even the most optimistic observers predict will be very stormyFT - 1,670 words
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Article206 1977-07-07 9 KAWASAKI Kisen Kaisha (KKK) of Tokyo are the owners and managers of "K" Line. "K" Line is a member of the Ace Group which comprises Neptune Orient Lines, Orient Overseas Container Line, Franco Belgian Services and Korea Shipping Corporation. The Ace Group vessels serve both Far East and206 words
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Article28 1977-07-07 9 TOKYO, Wed. Mitsubishi Heavy Industries (MHI) said it received an order from Sa Automobiles Citroen for a moulding line for Its engine factory at Charlevllle. France.28 words
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Article210 1977-07-07 9 AP LONDON, Wed. China consolidated its position as one of the main providers of tramp shipping employment on the London freight market yesterday. It concluded a purchase deal with Australia for three million tonnes of wheat to be shipped between this August and next. In terms ofAP - 210 words
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Article347 1977-07-07 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Butang (2300 after Talyo Maru shifts) Oudrun Bakke (0100 a"er Oakbank hauls) 30/39 King Luck (0000 after Oolden Source) 23 Maktum Kull (after Jalahadnya) 3/4 Ocean Happiness (1200 after Vlhsva Abha and Vlshva Madhurl) 45 Patroclus (UTM/L) (after Reefer City) (Must head347 words
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Article106 1977-07-07 9 AFP HONGKONG, Wed. What It probably the world's largest fibreglass Bleasure boat has been ullt here by Cheoy Lee Shipyard. A spokesman for the shipyard said today that the 40m cruiser costs about USfl million (812.40 million) and was ordered by a European company which heAFP - 106 words
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113 1977-07-07 9 KUALA LUMPUR, Wed. Shipowners, affected by the go-slow action of Port Klang's harbour workers, are closely watching the situation, and It Is believed that some hare advised their ships to divert to Singapore. Itu believed that the Association of Shipowners In Malaysia is conducting a113 words
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180 1977-07-07 9 Reuter AMSTERDAM, Wed. KLM Royal Dutch Airlines said It expects traffic growth of around 7 per cent In the year ending March 31, 1978, against 4 per cent last year. The airline will limit capacity growth to 0 per cent and therefore expectsReuter - 180 words
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Article125 1977-07-07 9 Reuter LONDON, Wed. Midland bank has signed a £27.37 million (Sslls million) loan agreement with Bank Handlowy Warszawle to finance part of a £47.5 million Warsaw air terminal for Lot, the Polish national airline. The British Government's Export Credits Guarantee Department said It has guaranteed theReuter - 125 words
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Article569 1977-07-07 9 ARRIVALS Bmrkm LmsI Opmm OA tar M OA472 Tli 0005 STD/MEL CPA CX003 0146 HKO MAS MH082 0110 KCH CPA CX710 1000 HLP OIA OA90O 1090 HLP 8IA 8Q211 1045 HLP OIA OA906 1100 MBS PAL PR501 1115 MNL RBA BI325 1155 BWN MES SLA SQ240 1210569 words
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Article133 1977-07-07 9 MARINERS are warned to proceed at slow speeds when near Selat Jurong and Selat Pesek for a month from July 8. as submarine power cable repair work will be going on during that period. The Port of Singapore Authority (PSA) Issued a circular yesterdayto say that133 words
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Page 9 Advertisements
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Advertisement397 1977-07-07 9 Si®. i-a--4' w w v.-— il 4C ft. B JLI liiiUi U« -.yifet -lis-i~ IS THE GREAT BOOKS OF WESTERN CWILIZAnON These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and397 words
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Article, Illustration1085 1977-07-07 10 THOMAS MULLANEY - By THOMAS MULLANEY NYT NEW YORK: It could hardly be considered as a candidate for the best seller list, nor was It a momentous news event ranking with the various developments In the energy drama, but a new business study that projects an ominous outlookNYT - 1,085 words
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Article, Illustration1046 1977-07-07 10 BARTON REPPERT - By BARTON REPPERT AP NOVOSIBIRSK, (U88R): Under the hot mid-day sun, lines of slow-moving traffic stretch bumper-to-bumper for almost the full length of a six-km bridge linking the eastern and western sections of this sprawling Siberian city. At times, Impatient drivers suddenly pull onto theAP - 1,046 words
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Article1028 1977-07-07 10 David Lascelles - Sales of Soviet newspaper* in Britain, have risen sharply since the Helsinki Declaration but Western newspaper sales have barely moved in Eastern Europe. David Lascelles reports. David Lascelles FT LONDON: The Helsinki Declaration, which Included clauses on the freer flow of Information between East and West,FT - 1,028 words
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700 1977-07-07 10 GREGORY JENSEN - By GREGORY JENSEN UPI LONDON: Within a dark cave at the Victoria and Albert Museum this slimmer glows a flashing exhibition of some of the most elaborate and costly trinkets ever made. They are the work of Qarl Faberge. Faberge died only 57UPI - 700 words
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Page 10 Advertisements
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Advertisement33 1977-07-07 10 Peter Benchley 'Better than JAWS, ever escalating shocks' -TIME 'Cracking entertainment' -DAILY TELEGRAPH V 'For the second time -the book you can't put down' -DULY MML Now on Saio at your regular bookshop33 words
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309 1977-07-07 11 AFP BONN, Wed. The capital of West Germany's govern-ment-sponsored Development society (DEO) is to be Increased by DMIOO million (SIIOS million), most of which will be used to finance raw materials projects, It was announced here today. The chairman of the DEG's managementAFP - 309 words
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Article123 1977-07-07 11 Reuter TOKYO. Wed. Vietnam has contracted to Import about 80,000 tonnes of steel products worth some US$2O million (SSSO million) from Japan, a Japanese steel industry spokesman said today. The spokesman for the Nippon Steel Coporation said this deal had emerged from negotiations in HanoiReuter - 123 words
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173 1977-07-07 11 AFP HONGKONG, Wad. Chinese instead of English may be used as the trading floor language to inject new life into Hongkong's slack futures market. This possibility was raised today by market sources favouring the switch because in their view there are not enoughAFP - 173 words
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Article142 1977-07-07 11 AFP TAIPEH, Wed. Thailand and Taiwan concluded a six-month maize agreement here today under which a total of 250,000 tonnes of Thai maize will be shipped to Taiwan between August this year and January next year. The agreement was signed by Thai chief delegate Mr.AFP - 142 words
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Article48 1977-07-07 11 AFP JAKARTA, Wed. Indonesia has won a tender for the export of 60,000 tonnes of urea to India. Talks are under way to Increase urea sales to India to 200,000 tonnes a year, a spokesman for the big Pusrl Fertiliser Plant told press yesterday. AFPAFP - 48 words
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Article, Illustration318 1977-07-07 11 PUBLIC LISTED company, Temenggong Ltd, will add an old-English Victorianstyle pub to Its already extensive range of catering services. The pub, to be known as "The Jockey" will be located at the mezzanine floor of Shaw Centre and will replace the present Oil's Restaurant,318 words
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389 1977-07-07 11 LONDON, Wed. The deputy director general of the Economic Planning Unit In Malaysia, Datuk (Dr.) Arshad Avub today urged all Muslim countries to develop greater complementarity in the economies so that the entire Muslim world will be strengthened. He said Muslim countries have a389 words
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Article180 1977-07-07 11 KUALA LUMPUR, Wed. The temporary ban on cement exports to Sabah and Sarawak has been lifted since early this month, a spokesman of the Trade and Industry Ministry said today. He said this was in line with the government's move to harmonise all customs180 words
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Article125 1977-07-07 11 HONGKONG, Wed. Iraq has agreed to buy up to 450,000 tonnes of raw sugar from the Philippines over three years, a spokesman for Jardine Gill Gunterman said here. Tlte Philippine Exchange Company, the government's sugar export agency, will deliver about 150,000 tonnes in 1978 to the125 words
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Article94 1977-07-07 11 Reuter PAN MALAYSIAN rubber exports rose to 204,143 tonnes In March from 175,945 tonnes In February and 184,304 tonnes in March last year, preliminary figures from the Statistics Department show. This brought total exports in the first three months of this year to 581,428 tonnes compared withReuter - 94 words
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Article97 1977-07-07 11 THE SINGAPORE Chinese Chamber of Commerce yesterday officially changed its English name to the Singapore Chinese Chamber or Commerce and Industry (800 CI) This move is Intended to bring the chamber's name In English to a closer equivalent of the Chinese version which encompasses all97 words
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Article110 1977-07-07 11 A FIVE DAY conference on Law and Development Finance Investment In Asia will be held In Hongkong on Aug 22-26. Organised by the Faculty of Law, Monash University of Melbourne, Australia, the conference Is aimed at preparing lawyers, bankers, financiers, and stockbrokers for the financial needs110 words
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726 1977-07-07 11 FROM a humble beginning some 50 odd years ago, when the first governmentIntroduced thrift and loan cooperative was set up, the cooperative movement today has grown Into one with multifarious activities and with members numbering over 100,000. There are presently 80 cooperative societies with total assets726 words
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241 1977-07-07 11 Reuter HONGKONG. Wed. China haa been an active buyer of second-hand tonnage over the past month and is con* tinning to show interest, shipbrokers here said. Chinese purchases reported by the brokers so far total seven bulk carriers and three tweendeckers. The activityReuter - 241 words
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Article55 1977-07-07 11 AFP HONGKONG, Wed. A Chinese Communist Party document purportedly circulated In China proposes the creation of two new toplevel state posts that of first and second prime ministers. At present there Is only a single prime minister, Mr. Hua Kuo-feng who succeeded the late Mao Tsetung as ChairmanAFP - 55 words
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Article, Illustration176 1977-07-07 11 UPI MANILA. Wed. Mr. Douglas Anthony, deputy Prime Minister of Australia, today said Australia is not engaged in a "trade war" with Asean. Speaking to reporters on his arrival for a two-day visit. Mr. Anthony said rpnorts of a trade war were "exaggerated" although heUPI - 176 words
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Article124 1977-07-07 11 Reuter LUXEMBOURG, Wed. The EEC Commission proposed a 15 per cent antidumping tax on Japanese ball bearings imported Into the EEC to replace a provisional tax imposed earlier this year, EEC Foreign Affairs Commissioner, Mr. Wilhelm Haferkamp said. But he told the Community's European ParliamentReuter - 124 words
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Article174 1977-07-07 11 AFP TOKYO. Wed. The Government has decided to curb foreign bond flotation by private Japanese firms as part of its effort to trim the nation's increasing payments surplus. According to the Finance Ministry, the curbs would be put in force from October under the decisionAFP - 174 words
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Article63 1977-07-07 11 MORE than 100,000 $10 silver coins, commemorating Asean's 10th anniversary were sold to the public yesterday. The sale of the coins will continue as long as stocks last. The public can buy them at $10.50 each with a plastic case, at the Victoria Theatre, Hong Llm63 words
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253 1977-07-07 11 UPI BANOKOK, Wed. Two senior communist officials today outlined the problems in Vietnam's avowed battle to drive Ho Chi Minh City (Saigon) capitalists out of business. Mr. Tran Tan, director of the city's trade service, said both capitalist producers and traders must beUPI - 253 words
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Article31 1977-07-07 11 THAILAND, Wed. About 10 communist guerillas have been killed and 25 others wounded In the current Joint drive by Malaysian and Thai forces against guerilla sanctuarles in Betong Salient.31 words
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Advertisement238 1977-07-07 11 APPOINTMENTS MAHAWANGSA HOLDINGS i]; M: j5; i; Til' ii vi-i^TTTT^TTTTT (Malaysian Citizens Only) Mahawangsa Holdings Sdn. Berhad invite applications from Malaysian citizens for appointment as Timber Executive. The Company's timber business is internationally export-orientated. Applicants should, therefore, have a good knowledge of all aspects of sawn timber business. They should238 words
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Advertisement275 1977-07-07 11 PLANT MANAGER A major multinational company, in the process of establishing a manufacturing operation for veterinary pharmaceuticals in Singapore, seeks to employ a qualified and experienced Plant Manager. The successful candidate will be required to spend 3 4 weeks in the U.S.A. for on-the-spot training prior to assuming the new275 words
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Article, Illustration2100 1977-07-07 12 ASEAN foreign ministers attending the Tenth Asean Ministerial Meeting at the Shangri-La Hotel yesterday called for an examination of the organisational structure of the regional grouping to make it more effective in meeting the aims and purposes of the association. In his opening statement2,100 words
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Article704 1977-07-07 12 LONDON. Wed. The market closed mostly tower, despite a mild, mid-session rally. Sentiment was hit by continuing fears over the government's pay policy after news that the miners rejected a productivity plan yesterday and transport workers today voted against continuing pay restraint at their union conference. dealers said.704 words
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414 1977-07-07 12 AFP MANILA, Wed. Seven international dlesel engine producers have signified their intention to the government Board of Investments (BOI) to participate In its proposed programme for the domestic manufacture of the engines ranging from 50 to 400 horsepower, 801 officials said. 801 Metal andAFP - 414 words
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222 1977-07-07 12 Reuter KUALA LUMPUR, Wed. Workers at the Straits Trading Co. Ltd. Penang Tin Smelter have banned overtime, rest day and holiday working to back union negotiations for a new three-year wage contract, senior company executives said. But the ban, called on June 27, soReuter - 222 words
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Article132 1977-07-07 12 AFP CANBERRA, Wed. The Australian Government today took another step to encourage Inflow of foreign capital by suspending the requirement to deposit an amount equal to one quarter of any overseas borrowing with the Reserve Bank treasurer because of a marked reduction In the rate of capitalAFP - 132 words
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Article368 1977-07-07 12 NWC 1977 RECOMMENDATIONS THE pwonU|* wag* increase for purpooeo of group ofnettiag can be round by calculating tba percentage difference liotwosn tba June 1977 and July 1176 wage Mile. In otber^wwdMkii^ntMi wagebills in raepact of all bargalnabla employee* on tbe payroll during tboee 12 months368 words
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Advertisement200 1977-07-07 12 Gbeusaman Ibra monthwell give him a language for life ranBUB now the largest group of language schools in the world offers a range of intensive language courses specifically designed for the busy executives whose work and position require them to attain a high degree of proficiency in a language they200 words
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