The Business Times, 9 July 1977
1977-07-09
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The Business Times
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Title Section10 1977-07-09 1 BUSINESS TIMES M.C.(P) JOO/1/77 SATURDAY, JULY 9, 1977 SO CENTS10 words
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NEWS IN BRIEF
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Article77 1977-07-09 1 An arm for an arm UPI MOSCOW, Frl. Soviet President Leonid Brezhnev received the foreign diplomatic corps today In a meeting at the Kremlin, telling the ambassadors there was no weapon the Soviet Union was not willing to ban, provided the other side does the same. Mr. Brezhnev told theUPI - 77 words
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Article86 1977-07-09 1 Reuter GENEVA, Fri. The United States Ambassador to the United Nations, Mr. Andrew Young, today pledged American support for an International fund to finance agreements to stabllse commodity earnings and supplies. He also told the UN Economic and Social Council (Ecosoc) here the US would supportReuter - 86 words
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Article61 1977-07-09 1 Reuter TOKYO, Frl. Japan and the United States will resume talks in Washington next Monday on revising their existing aviation agreement and other problems, the Transport Ministry said here today. The talks, expected to last about a week, will be the fourth since the two countriesReuter - 61 words
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Article66 1977-07-09 1 AP PERTH, Fri. The Australian Labour Party national conference today approved an amended resolution urging suspension of Australian military aid to Indonesia until all Indonesian troops are withdrawn from East Timor. The amendment, moved by the Party's leftwlng, also called for free and unimpeded communications withAP - 66 words
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Article72 1977-07-09 1 AFP NEW DELHI, Fri. Sheikh Abdullah will once again head the state government of Indian-held Kashmir as chief minister. Reports from the Kashmiri capital of Srinagar today said that the "Lion of Kashmir" had beeft elected leader of the legislature party of his National Conference followingAFP - 72 words
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Article39 1977-07-09 1 UPI TOKYO, Frl. Japan and the European Economic Community (EEC) will hold talks In Tokyo on Aug. 18—19 to discuss European demands for Increased Japanese imports of farm products from Europe, Foreign Ministry sources said today. UPI.UPI - 39 words
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Article74 1977-07-09 1 UPI NEW YORK, Frl. Prices moved broadly higher this morning in active trading of New York Btock Exchange issues. The Dow Jones Industrial average, which rallied to gain 1.78 points yesterday, was ahead 2.97 points to 912.48 shortly before the first hour of trading. Advances led declines, 870UPI - 74 words
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Chief Price Changes
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Article, Illustration176 1977-07-09 1 MOST shares closed steady in moderate trading on the Stock Exchange of Singapore yesterday. Sharp gains were mainly recorded by the lower-priced shares in the second section of the market. Reflecting such gains, the Business Times index rose 5.33 points to 332.99 while the Straits Times Industrial176 words
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Article110 1977-07-09 1 Rises Most octiv* Lien Hoe 1.76 30 Ms la Weaving L,561,000 S.M. Ind 1.50 .23 Lien Hoe 577,800 P. Chen 2.60 .22 Bandar Raya 287,000 \1 U/Mvlnff 1 M 20 Piihllr Rank 287.000 Chersonese 2.10 Setron(M) 1.28 Rahman Hyd 2.95 Lojrtape 0.97 B. Kawat 1.72 M Glass110 words
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Article121 1977-07-09 1 ASEAN Economic Ministers are expected to meet soon In Bangkok to finalise their report for consideration at the forthcoming Asean Heads of Government Meeting. Conference sources say they will put the finishing touches and "tie up loose ends" to the comprehensive package of proposals and agreements121 words
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662 1977-07-09 1 QUEK PECK LIM - MINISTERS IN AGREEMENT ■y QUEK PECK LIM THE TENTH Asean ministerial meeting ended yesterday with the Issue of a Joint communique which laid great stress on the association's relations with various developed countries and malor International political Issues. Underlining the fact that Asean was662 words
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Article337 1977-07-09 1 THE finer details on restructuring the Asean organisational machinery have been set aside for further study by the Asean foreign ministers. Speaking to newsmen after yesterday's closing ceremony, the Philippine Secretary of Foreign Affairs, Dr. Carlos P. Romulo, said It would take time to study the337 words
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Article63 1977-07-09 1 THE Indonesian Foreign Minister, Mr Adam Malik, met the Prime Minister Mr Lee Kuan Yew yesterday afternoon for a private discussion. Mr. Malik is believed to have seen the Prime Minister shortly after delivering a short statement at the close of formal proceedings of the Tenth Asean Ministerial63 words
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Article464 1977-07-09 1 ASEAN would like to start a direct dialogue with the European Economic Community (EEC) Council of Ministers as a means to avert the consequences of protectionist action against its exports. This was said by Singapore's Foreign Minister Mr. S. Rajaratnam at a Joint press conference464 words
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287 1977-07-09 1 ASEAN foreign ministers were careful In an apparent attempt to keep the major Items of accord yesterday so as not to steal the thunder from the forthcoming Heads of Government Summit In Kuala Lumpur. At the end of the Tenth Asean Ministerial meeting287 words
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233 1977-07-09 1 UPI WASHINGTON, Frl. Unemployment in the United States rose to T.l per cent in June, but wholesale prices dropped abruptly by 0.6 per cent the bluest decline In nearly four years, the Labour Department reported today. The decline In wholeesle prices, causedUPI - 233 words
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313 1977-07-09 1 SINGAPORE Airlines ia to buy four DCIO-30a from McDonnell Douglas Corporation for total of 1410 million which will also five related aircraft spares, spare engines, ground support equipment and a training simulator. Announcing this last night, the national airline said after a313 words
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575 1977-07-09 1 SINGAPORE'S gross domestic product should show a real growth of 7.2 per cent this year with a strong upside possibility of 8 per cent. The manufacturing sector should show real growth of 6 to 7 per cent with 8 per cent575 words
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Article61 1977-07-09 1 TREASURE Seeker, the 7,635 oil rig built by Ffcr East-Levlngston Shipbuilding (FELS) paid a record toll of U*****,000 (S$811,800) after making a two-day trip through the Suez Canal. The oil-rig was built for the Norwegian company, Wllh. Wllhelmnsen, at a cost of Ss9o million and was61 words
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Page 1 Advertisements
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Advertisement27 1977-07-09 1 CeyUmJeweUers IS Stemfofd Ad.. Shwefe e. T* 33**W3a*e7. 1I 1 f Market Reviews/TV Radio Local Co Newt International Ce Newt Local Stocks Overseas Stocks Commodities Transport Features27 words
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Advertisement139 1977-07-09 1 THE SMOOTH SIMPLE STYLE OF L. J You have to drive the 504 to appreciate its excellent performance and high standard of engineering. Its pick-up, power, road-hokling, braking and reliability. Its economical 1971 cc petrol engine, giving minimum consumption for maximum efficiency. The endurance of its oversquare 4-cylinder inline engine139 words
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Advertisement384 1977-07-09 1 ."@`{(`{@^=_$?)@""[%<%/;*@>+\:? Maker of theWbrkfs first calculator watch This fantastic Pulsar heralds a whole new generation of Time Computers it puts a highly sophisticated calculator on your wrist as well. The Time Computer goes on working accurately without being affected in any way while you're using the calculator. How to use384 words
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MARKET REVIEWS
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684 1977-07-09 2 SINGAPORE SECOND and third liners In the second section commanded the attention of a somewhat steady market on the Stock Exchange of Singapore this week. Market sentiment was generally erratic and this was reflected In the shift of trading interest from one share684 words
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299 1977-07-09 2 AFP LONDON, Frl. Violent fluctuations developed In commodities during the first half of 1977 as a price "boom" collapsed, with markets mostly easing at the end of that period. Coffee was the major feature without doubt, touching new records regularly in the first quarter beforeAFP - 299 words
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Article410 1977-07-09 2 Reuter MOUNTINO ted news for the market at home and overseas depressed Investor confidence culminating in the sell-off of uranium stocks yesterday following the agreement by the Labour Party to ban all future uranium mining In Australia. Uranium mining shares had been uneasy before the announcement In spite ofReuter - 410 words
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514 1977-07-09 2 IVAN FALLON - LONDON BY IVAN FALLON THE BRITISH Government's whole economic strategy was this week thrown back into the melting pot when the country's biggest trade union, the Transport and General Workers, voted for a return "to unfettered collective bargaining" from the end of this month514 words
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Article118 1977-07-09 2 AFP BASLE, Frl. Eighty-five of the institutions belonging to the Swiss Banking Association (ASB) have signed last month's convention on bank secrecy and acceptance of deposits, the ABB announced here yesterday. Under the agreement between the Banque National Suisse (BNS) and the ASB, banks must identifyAFP - 118 words
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Article40 1977-07-09 2 Reuter LONDON, Frl. Indonesia Is expected to raise US$29 million (SS7I million) through a seven-year syndicated credit, market sources said. Interest on the loan will be set IS per cent above London Interbank Eurodollar offered rates.Reuter - 40 words
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Article137 1977-07-09 2 POOR STANDARD Chartered Bank can't seem to make any progress In California. Earlier this year It made a full-scale bid for Bancal Trl-State which was contemptuously rejected. Then when Bancal announced It was selling off 33 of Its branches In the state, Standard was back In137 words
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Article247 1977-07-09 2 THE CHEAP pound and the Jubilee year have brought the tourists pouring Into London this year In record numbers and the hoteliers have never had it so good. This week we had the first half rr alts from the biggest of them, Trust Houses-For j, and they247 words
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Article174 1977-07-09 2 THE MOVE towards Current Cost Accounting (accounting for inflation) is now In tatters after a severe blow delivered by the accountants themselves this week. A significant majority of the English Institute of Chartered Accountants, the country's largest accounting body, on Wednesday voted against compulsory introduction of the174 words
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Article420 1977-07-09 2 NYT WASHINGTON, Frl. Mr. Michael Blumenthal, the Secretary of the Treasury, said yesterday that among business leaders, there was less opposition to taxing capital gains at ordinary income tax rates than was commonly supposed. Ending the partial escape from taxes of profits from the saleNYT - 420 words
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210 1977-07-09 2 RONALD LAM - RONALD LAM OTHER ANNOUNCEMENTS CTD Resources Group has proposed to the members' voluntary liquidation of the company. Metro Holding* has sold the vacant land at 200 Clemenceau Avenue, Singapore for SSS.I million. North Borneo Timber* has purchased the 499,999 MSI ordinary shares210 words
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Article537 1977-07-09 2 LOWER-PRICED Issues dominated trading on the Kuala Lumpur Stock Exchange this week, with most of them taken to new highs on very active trading. The week opened with a hesitant note, but buying support took on a renewed vigour from Tuesday onwards when news of the KLSE's decision537 words
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Page 2 Advertisements
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Advertisement204 1977-07-09 2 Give us a man for a monthwell give him a language for life 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 in204 words
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Page 2 Miscellaneous
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Miscellaneous376 1977-07-09 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on July 8 at Singapore airport. Maximum Temperature 27.4° C Associated Humidity 83 Minimum Temperature 23.7° C Associated Humidity 100 Hours of Sunshine 0.30 Rainfall in Millimetres 4.7 Total Rainfall for the Month 47.9 Total Rainy Days for the376 words
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Page 3 Advertisements
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Advertisement1011 1977-07-09 3 THE CHARTERED BANK AND SUBSIDIARY AND ASSOCIATED COMPANIES Consolidated Bo lane* ShMt 31ft December 1976 1976 £000 1975 £000 1,684,664 2,000 LIQPIIITVCf Notes 15 £000 Current, deposit and other accounts Dividends payable 2,360,215 2,000 2,362,215 2,362,215 1,686,664 Capital and Reserves Capital Reserves 9,680 96,129 9,680 81,934 Minority Interests in Subsidiaries1,011 words
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933 1977-07-09 4 AFTER two poor years, Tong Meng Industries remains in woeful straits. Its problems last year were compounded by qualifications on its accounts by its auditors. Commenting on its future, chairman Datuk Teh Hong Plow tells shareholders in his 1976 annual report that the directors933 words
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Article365 1977-07-09 4 Current Ex Data Total far Total for payment Data payable the year previous year Chin Teck 10%I June 14 July 9 10*1 17.5* Killing hall Tin 200%I June 15 July 11 200*1 200* S.M. Industries 5*TF June 21 July 11 10* TF 8*TF Johan Tin 20* June 23365 words
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346 1977-07-09 4 MALAYSIAN MOBAICS achieved a 49 per cent rise In pre-tax profit to M 5401,827 for the year ended Dec 31, 1976. This was In line with the company's forecast of increased profitability made earlier in the year. Without disclosing the absolute figures, chairman Tunku346 words
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COMPANY MEETINGS
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25 1977-07-09 4 THE following company meetings are due: July 14, 10.30 a.m.. Registered Office. Penthouse, 10th Floor, Wtsma Central, Jalan Ampang. Kuala Lumpur.25 words
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Article15 1977-07-09 4 July 14, 11a.m., 9th Floor. WLsma Central. Jalan Ampang. Kuala Lumpur.15 words
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Article14 1977-07-09 4 July 19. 3 p.m., llacDonald House. Orchard Road. Singapore 9.14 words
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Article20 1977-07-09 4 July 22. 10.30 a.m.. Registered Office, Wisma Teh Wan Seng, 2nd Floor, 12-B Jalan Bandar, Kuala Lumpur.20 words
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Article17 1977-07-09 4 Aug 1. 9 a.m., Registered Office. No. 45 Spottiswoode Park Road, Singapore 2.17 words
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17 1977-07-09 4 July 16, 12 noon. Btllk Yahya Sanl. 10th Floor, Jaya Purl, Jalan Barat,17 words
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Article15 1977-07-09 4 July 30, 12 noon, 4701 OCBC Centre, Chulta Street. Singapore 1.15 words
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Article14 1977-07-09 4 July 19; 11 a.m., Bangunan MIDF. 117 Jalan Ampang, Kuala Lumpur.14 words
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Article18 1977-07-09 4 July 14, 3 p.m., Registered Office. 2nd Floor, Ming Building, Jalan Buklt Nanas. Kuala Lumpur.18 words
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13 1977-07-09 4 July 28. 2.30 p.m., 481 Tanglln Halt Road, Singapore.13 words
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Article15 1977-07-09 4 July 16. 12 noon, at Empire Dock, Keppel Road, Singapore 4.15 words
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Article217 1977-07-09 4 CITIBANK recently announced the appointment of Mrs Tan-Ding Yaw Teik from manager to vice president. Mrs Tan-Ding Joined Citibank. N.A. In 1971 as a personnel officer. In 1976 she was promoted to manager. Guthrie Berhad has announced the appointment of Mr Barnard G. Lewis to the board217 words
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630 1977-07-09 4 ADVERSE trading conditions have affected Lien Hoe Industries again In the first six months of the current year ending Dec 31, 1977. Chairman, Mr. Tee Hup Pee says In his 1978 annual report that similar conditions brought group pre-tax profit In the second630 words
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Article1400 1977-07-09 4 MICHAEL LAFFERTY - THE CCA REBELLION By MICHAEL LAFFERTY F.T. "DOUOLAS MORPETH Is not such a bad bloke. He just got himself on the wrong side of the CCA inflation accounting debate." So says Mr. Martin Haslem, one of the two young Sussex chartered accountants who have ledF.T. - 1,400 words
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Article1629 1977-07-09 4 On July 7 TRADING in options on the Chicago Board Options Exchance on Thursday came to 111,381 contracts compared with M,003 contracts on Wednesday. OPTION JLT OCT JAN ffrocK AlCOa AlCOa Am Exp Am Exp Am Tel Am IX Am T»l Am TCI AUR AUR A*on A*1,629 words
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Page 4 Advertisements
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Advertisement34 1977-07-09 4 4 Peter Benchley 'Better than JAWS, ever escalating shocks' -TIME 'Cracking entertainment -DAILY TELEGRAPH <c 'For the second time -the book you cant put down' -DAILY MAIL Now on $alo at your rogular bookshop34 words
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INTERNATIONAL COMPANY NEWS
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Article216 1977-07-09 5 EUROPEAN COMPANIES Reuter MUNICH, Fri. Bayerische Mo tor en Werke said turnover for its parent company rose a provisional 18 per cent to 2.5 billion marks in the first half of this year. Domestic group turnover was up by 21 per cent on the 2.18 billionReuter - 216 words
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Article111 1977-07-09 5 Reuter GENEVA. Frl. Ste Bancalre Barclays(Suisse) said it reached agreement with Banque Leclerc et cle to take over almost all the bank's staff and a large part of its assets. A Barclays spokesman declined to give the price the bank would pay for the assets ofReuter - 111 words
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Article84 1977-07-09 5 Reuter AMSTERDAM, Frt. Bank Mendes Oans said it reached agreement in principle for Manufacturers Hanover Trust to take a 16 per cent stake in its capital with an option to Increase this to about 20 per cent later. No flnancials details were given. Manufacturers HanoverReuter - 84 words
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Article69 1977-07-09 5 Reuter NECKARSULM, Fri. Volkswagenwerk subsidiary Audi Nsu Auto Union said It expects better results this year than in 1976 when it posted a 55.2 million mark net profit on sales of 3.03 billion. First half 1977 turnover rose 37 per cent above the year-ago level to 2.1Reuter - 69 words
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Article32 1977-07-09 5 Reuter PARIS, Fri. Cle ElectroMecanlque (CEM) said It has received a 15 to 20 million franc order for around 2,000 prefabricated units for medium voltage distribution from the Indonesian Electricity Board.Reuter - 32 words
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179 1977-07-09 5 UK COMPANIES FORD MOTOR will not add to its UK production until productivity approaches levels reached in other industrial countries, Ford Europe vice president Mr. Bill Hayden said. In an answer to a letter published in the company magazine, Mr. Hayden said between179 words
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Article129 1977-07-09 5 Reuter ON A 23 per cent rise in «ales, pre-tax profit at Rothmans International Jumped more than 64 per cent from £40.41 million to £66.44 million for the year ended March 31, 1977. Sales amounted to £1.49 billion against £1.21 billion. The pre-tax profit Includes earnings fromReuter - 129 words
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Article79 1977-07-09 5 Reuter SLATER WALKER SECURITIES said It plans to redeem for cash the three classes of Its sterling loan in order to place the group on a more stable financial base. Details of the terms for redemption will be given in due course. The three categories of stock areReuter - 79 words
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219 1977-07-09 5 NORTH AMERICAN COMPANIES Reuter GULF OIL'S bid of U5577.9 million was the highest received for a single tract in the latest sale of offshore Oulf of Mexico oil and gas leases, the Interior Department said. The Oulf bid, which wasReuter - 219 words
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Article74 1977-07-09 5 Reuter R AND F COAL, a privately held firm, announced the sale of the stock of Its parent company, Seaway Coal, for US$65 million to Shell Oil. R and F said it will continue to operate as a separate company. It said the transaction will provide R andReuter - 74 words
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Briefly
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Article54 1977-07-09 5 Pre-tax profit 83.6 million kwacha (loss 49.4 million) for the year ended March 31, 1977, on sales 506.4 million (327.3 million). Tax 49.1 million (credit 54.2 million), extraordinary items debit 32 million (nil). scrip dividend (same) making total 47 cents (same), on capital raised by one-for-1054 words
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Article40 1977-07-09 5 Profit attributable to shareholders HK$3.84 million (loss $28,000 m) for the year ended March 31, 1977. Preliminary trading profit $4.11 million (net profit $6.02 million). First and final dividend for the year of 25 cents (nil).40 words
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Article28 1977-07-09 5 After-tax deficit 907 million yen (deficit 2.84 billion yen) for the year ended April 30, 1977, on sales 431.97 billion yen (415.98 billion). Dividend nil (three yen).28 words
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Article26 1977-07-09 5 Net profit HKS20.6 million ($19.8 million) for the year ended March 31, 1977. Books close Aug 5 to 17. Final dividend 27 cents or26 words
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Article35 1977-07-09 5 Consolidated net profit HKS30.3 million ($28.34 million) for the year ended March 31, 1977. Final "A" share dividend seven cents (six), making total 14 (13), "B" share 1.4 cents (1.2) making 2.8 (2.6).35 words
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Article46 1977-07-09 5 Group con- solldated net profit HK537.04 million ($17.37 million) for the year ended March 31. 1977. Final dividend 4.5 cents (three), making total seven (four). It anticipates that dividends for the year ending March 31. 1978 will show a reasonable Increase over last year.46 words
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Article23 1977-07-09 5 After-tax profit 19.58 billion yen (15.03 billion) for the year ended March 31, 1977. Dividend 5.5 yen (same).23 words
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418 1977-07-09 5 DAVID FELDHEIM - By DAVID FELDHEIM Reuter CREDIT markets continue to be concerned about nearterm prospects for money supply and monetary policy, despite the Federal Reserve report on Thursday of an increase of only US$lOO million in the US money supply for the week ended JuneReuter - 418 words
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645 1977-07-09 5 FT TOKYO. Fri. A surprisingly small number of Inquiries from British industry have been received by the Japan Task Force the high level ginger group set up by Japan and Britain last December in an effort to help British companies break into theFT - 645 words
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Article100 1977-07-09 5 Reuter IBM disagrees with a decision a Canadian court announced on Tuesday and plans to appeal, an IBM spokesman said. "We still maintain the copier one did not Infringe any valid Xerox patents," he added. The Canadian Federal Court ruled seven of Xerox's patents are validReuter - 100 words
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Article167 1977-07-09 5 Reuter DOW CHEMICAL said it expects to report secondquarter earnings about the same as the year earlier of 84 US cents a share on sales about 10 per cent higher than the $1.39 billion in the 1976 period. For the first half, earn- ings willReuter - 167 words
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Article100 1977-07-09 5 Reuter KENNECOTT and Anaconda, two of the nation's largest copper companies, cut their basic prices for copper by three US cents to 68 cents a pound effective on Thursday, the producers announced. Cities Service and Duval Sales also made the same reduction In their copper prices,Reuter - 100 words
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222 1977-07-09 5 ASIAN COMPANIES AFP TAIPEI, Fri. USI Far East, the only low density polyethylene (LDPE) producer In Taiwan, will ship some 1,500 tonnes of LDPE to South Korea this month, according to a Taiwan Plastic Industries Association source. The source did not realise theAFP - 222 words
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Article141 1977-07-09 5 Reuter TOKYO. Fri. Toyota Motor said It expects to report record net profit and sales for the year ended June 30 of over 100 billion and 2.2 trillion yen respectively. compared with 99.56 billion and 1.99 trillion the previous year. The company in February forecast aReuter - 141 words
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Article58 1977-07-09 5 Reuter OSAKA, Fri. Minolta Camera said its 50 million mark, 10 year convertible bond Issue on the German capital market on July 25 will carry a per cent coupon and be issued at par. The issue, through an underwriting syndicate headed by Westdeutsche Landesbank, will be convertible intoReuter - 58 words
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Article208 1977-07-09 5 Reuter TOKYO, Fri. Nissan Motor expects to report a slight decline in its net profit to between 84 and 85 billion yen for fiscal 1977 ending March 31,1978, from 85.29 billion reported for fiscal 1976, its newly elected president Mr. Takashi Ishihara said. Mr. Ishihara alsoReuter - 208 words
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Article99 1977-07-09 5 AFP CANBERRA. Fri. Du Pont (Australia) lost Asl.2 million last year despite Increased sales. Directors of the UScontrolled chemical group blamed the depressed state of textile and rural Industries in Australia for the loss. The latest loss compares with a deficit of $1.4 million in 1975AFP - 99 words
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Article108 1977-07-09 5 Reuter MELBOURNE, Fri. Endeavour Oil said Amax has started a short diamond drilling programme at the Digger Rocks nickel ore body at Forrestanla, Western Australia, to supplement a feasibility study under consideration. The core drilling is to obtain metallurgical samples of ore and to substantiateReuter - 108 words
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Article88 1977-07-09 5 Reuter MELBOURNE, Frl. Alcoa of Australia confirmed a statement by Western Australian Premier Sir Charles Court It proposed to build Its third alumina refinery In the state Instead of joining the Alwest consortium. A company statement said Alcoa now Intended to build a refinery at Wagerup,Reuter - 88 words
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Article62 1977-07-09 5 Reuter LONDON, Frl. ICI has formed a wholly-owned subsidiary Impkemlx Investments which has acquired its 62.4 per cent holding in ICI Australia. Under UK legislation Income from Australia received in the UK is not eligible for re-Investment in Australia. The new company will, from time to time,Reuter - 62 words
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Article62 1977-07-09 5 Reuter OSAKA, Frl. Sekisui Chemical said it plans to build a polyethylene foam making factory in Wales. Its wholly-owned sales subsidiary Sekisui UK is now seeking land in South Wales for the factory, which will make plastic products for use in vehicles at an annual rate of aboutReuter - 62 words
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Page 5 Advertisements
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Advertisement113 1977-07-09 5 e 9S T <% m 1 rr A r >( N Have you got your copy of the 1976/77 BUKU MERAH? A M It's the 1976/77 "Red Book" the office/library reference book covering the business scene in Singapore. It is complete. Built up V over 80 years and updated each113 words
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Article2313 1977-07-09 6 i trt High Law C—M«y 1 lab Gk'u Dhr e'rr Or** P Nat P/* Val (*666) Day High Law SECTION ON* INDUSTRIALS 154 139 204 90 215 101 198* 163 219 392 136 127 172 58 212 57 155 152 182 350 Acma Aetna A Alcorn Allied2,313 words
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Article1581 1977-07-09 6 BID and offer price* officially listed and business in and reported to the Stock Exchange of Btafapore yesterday with the number of shares traded shown in brackets in lots of 1000 units unless otherwise specified All Time Settlement Contracts are 2uoted after the word Sett ll( Board deals1,581 words
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Article1669 1977-07-09 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange' yesterday with the number of traded shown in brackets In lots of 1.000 units unless otherwise specified INDUSTRIAL! Alcam (1 R3R) A. Chat (0.008 0 9 28) (9 0.93. AMD1,669 words
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Article47 1977-07-09 6 STRIKING price* of the stock option* officially li*ted on the Stock Exchange of Singapore the periods, bid and offer price* and business done yesterday, with the number of option* traded shown in brackets. D.B.S. (Dec 13.60) (0.12B) U. 0.8. (Dec 53.20) (0.188 0.195) (10) 0.1847 words
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Article149 1977-07-09 6 SINGAPORE UNIT TRUST INCOME BOND UNIT price* for July II) (ClilTMit P rices t The Commerce INCOME BOND 1.06 1.12 168 1.78 The Saving Fund 0 95 1.00 MARA BUMIPUTRA FUND S'pore Prof Fund 0.85 0.00 (Managers' prices for July 11) 8'pore Security First Bumlputra 2.10 2.15 Fund149 words
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Article145 1977-07-09 6 BOTH 1/2% 1981 (100.000) < 102 7 *B 103'nS) B O T 7 5/8% 19H4 (100.000) (98'<B 99'«S) Credit Lvonnai* Floating 1983 (100.000) <98 S .B 995) DBS Converts 6 1/2% 1991 (100.000) (98'»B 98 7 »S) D B S 8 1/2% 1982 (100.000) (101HB 101 7 .5)145 words
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Article130 1977-07-09 6 Rep Spore D Mark 7% 1982 (100.000) 101 %S) Rep Spore D Mark 6 1/2% 1983 (100.000) (998 99' iS) Rep Spore 7 3/4% 1987 (100.000) (100 SB 101S) 5 1/4% 15/7/78 (250.000) (101.SOB 101.575) 4 3/4% 1/5/79 (250,000) (100.SOB 100.90S) 5 1/4% 15/10/79 (250.000) (101.75B) 5 3/4%130 words
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Advertisement15 1977-07-09 6 f 9 M 15 I ii'PENGUW I M I 1 I J I 4 > 015 words
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Article, Illustration550 1977-07-09 7 MOST SHARES closed steady in moderate trading on the Stock Exchange of Singapore yesterday. lie market opened on a rather hesitant note, which was generally attributed to weekend jitters and an inclination to lay off fresh commitments. Most of the deals were recorded on contra accounts though550 words
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Article386 1977-07-09 7 RENEWED buying interest sent prices of a new speculative group of Malaysian based stocks sharply higher in active trading on the Kuala Lumpur stock market yesterday. The buoyant conditions were already evident when trading opened in the morning as most stocks were marked considerably higher.386 words
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Article91 1977-07-09 7 Reuter CANBERRA, Frl. New capital expenditure by Australian companies, seasonally adjusted, fell two per cent to A 11.41 billion in the quarter to end March compared with a seven per cent rise in the December quarter and a one per cent rise in the March 1976Reuter - 91 words
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INTERNATIONAL STOCK MARKETS
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Article346 1977-07-09 7 HONGKONG: The market closed little changed In quiet trading, on low turnover, dealers said on Friday. The Hang Song Index slipped 0.82 point to close at 435.98. Swire Pacific fell 10 cents to $6.90. and Wheeleok Marten 2.50 cents to $2,675. Hoagkang Baah rose 10 cents to $18.10. while346 words
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Article537 1977-07-09 7 TOKYO: Share prices rose sharply on Friday In fairly acttve trading with Interest spreading over most sections on expectations the ruling Liberal "Democratic Party will win the Upper House election on Sunday. dealers said. The Dow Jones average rose 53.18 to close at 5.038.64 with volume 260 million shares.537 words
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Article390 1977-07-09 7 SYDNEY: Uraniums fell sharply following the Labour Party's ban on uranium mining, while mines were eajler and Industrials mixed. Sealers said on Friday. The Sydney All-Ordinaries index dropped 1.51 points to close at 453.02. Pancoatinental fell $1.05 to $10.25. and Queensland Mime*. Kathleen and Psko Wallaead all fell BHP390 words
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Article145 1977-07-09 7 MANILA: The market closed weak with all sectors declining In lacklustre trading, dealers said on Friday. PUlex and Lepaato lost one point while other mining Issues were steady. In the oil sector. Oriental was down three points and other Issues were steady, while commercials wore idle. Turnover slipped to145 words
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Article100 1977-07-09 7 JULY Bahts Asia Fibre 1*7 42 Bangkok Bank 327 unch Bangkok Invwt 190 -4 Bangkok-Metro-politan Bank Bala 575 4-# BerllJucker 316 unch ("haroong Thai Wire 173 4-# Dumex Duslt Thanl 2088 Faber Merlin First Trust Indo-Thal Industrial Finance Corp 1305 unch J And J Ho 23S unch Jala pra100 words
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Article294 1977-07-09 7 AMSTERDAM: Prices closed mainly lower due to lack of buying Interest and a hesitant overnight Wall Street, bourse sources said on Thursday. Unilever and H*o«ov«u led looser* In Dutch Internationals and closed 1.10 and 0.70 guilders lower respectively. Elsewhere, lower shares included Van Omtnerea, ABN, Ennia and Ocegrintra with294 words
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Article157 1977-07-09 7 BRUSSELS: Share prices Dosed lower across the board on proftttaklng and the lower Wall Street trend, bourse sources said on Thursday. Reacrve, Intercom, Hoboken, Vieille Montague, Moiim, Cometra, Sidro and Electrical shares all fell, while Artod rose. In foreign stocks French were mixed. German. US. Dutch nnd most UK157 words
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Article347 1977-07-09 7 FRANKFURT: Most shares closed up to 1.50 marks weaker, due to technical factors, bourse sources said on Thursday. In autos. Daimisr shares were steady, but BMW, which announced a provisional 18 per cent rise In turnover eased 0.90 marks. In stores. Karstadt lost 1 80 marks, while KanfhoT was347 words
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Article149 1977-07-09 7 MILAN: The market closed moderately higher, in fairly quiet trading, dealers said op Thursday. Assicurasioai General!. Gen Immobiliare, Montedison, both Olivettis and Fiat firmed while IFI Pri. Snia Viscosa and Pirelli SPA also ended higher. Elsewhere. Fiasider, lialcementi, Mediobanca and Pirelli E.C. shaded. Bonds tended lower. JULY W Ure149 words
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Article329 1977-07-09 7 PARIS: The market was mixed In very thin and quiet trading, dealers said on Thursday. Usiaor led a decline In metals with chemicals. Investments and portfolios also losing ground and only oils and foods registering significant gains. Americans. Germans, oils and coppers eased with golds narrowly mixed. JULY r329 words
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Article298 1977-07-09 7 ZURICH: The market closed barely steadv in quiet trading on Thursday, lacking Incentives and Influenced by a weaker Wall Street, dealers said Swissair, however, ruled very steady In transports. Leading banks lost some ground, led by Kreditanatalt. In. flnanclals, exdlvldend Bally was again actively traded recouping most of Its298 words
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Article375 1977-07-09 7 JOHANNESBURG: Golds generally closed slightly firmer In quiet business on higher bullion Indications and overseas buying Interest, dealers said on Thursday. Financial minings were mostly higher In line with producers. Wednesday's feature. Uaicorp. traded eight cents up. but below the day's high at 406. Elsewhere De Been shed four375 words
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Article332 1977-07-09 7 TORONTO: Share prices closed higher In active trading on Thursday, with the composite index up more than 3-1/2 points and advances leading declines by 252 to 173. CFCN Communication* rose 23/8 to 13-7/8 and MacLean-Hun-ter Cable TV gained 2-1/2 to 14. MacLeaa-Hunter Ltd* $14 00 a share offer for332 words
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Article1161 1977-07-09 7 NEW YORK: Btocks pushed forward in the final hour after drifting through most of the session on Thursday Trading was active. A modest Increase In weekly money supply, erasing fears of Federal Reserve tightening action. was credited with the market's late hour advance. Basic money supply for the1,161 words
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Article55 1977-07-09 7 FINANCIAL TIMES INDUSTRIALS Thursday 441.4 Wednesday V 445.9 Week Ago 456.3 DOW JONES AVERAGE INDUSTRIALS Thursday 909.51 Wednesday 907.73 Week Ago 916.30 LONDON DOLLAR PREMIUM Thursday 113* to 114W Wednesday 115H to 115% H.K. HANG SENG Thursday 436.80 Wednesday 437.16 Week Ago 439.59 ALL ORDINARIES Thursday 454.53 WedoMday 45355 words
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Advertisement357 1977-07-09 7 Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar malam! Because Penguin books are rather jfijk special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational U IfMJ: quite unlike the type that357 words
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COMMODITY REPORTS AND PRICES
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Article517 1977-07-09 8 OPENING quotations In the Singapore rubber market yesterday were marked up one cent following higher London advices and thereafter prices rose a further cent on short-covering and some forward demand, dealers said. Towards the close, however, profittaking pared gains slightly. Volume was moderate and physicals517 words
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Article307 1977-07-09 8 Noon Close (per kilo) Buyers Sellers (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f .o.b. Int. 1 R.S.S. July 188.75 189.25N 188.50 189.00N 188.75 189.25 188.50 189.00 Int. 1 R.S.S. August 190 00 190.50 189.75 190.25 Int. 2R.S S. 187.25 188.25N 187.00 188.00N UK/Cont. 186.25 187.25N 186.00307 words
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Article91 1977-07-09 8 July Ai «Ult R.A.S. (Current Mth) (Forward Mth) Buyer* Seller* Buyer* Seller* (CCBtl iperkf) (eeati iperkc) SSR20 (1 —ton Pallet) 190.00 192.00N 191.00 193.00N SSR 50 (1 -ton Pallet) 188.00 190.00N 189.00 191.00N M.R.E.L.B. Aufust SMR5CV (1 -ton Pallet) 213.00 215.00N 213.00 21S.00N SMR5L (1 -ton Pallet)91 words
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Article30 1977-07-09 8 Rubber: July 8 Singapore: July 188.50 eta (up 2.00 eta) Malaysia: August 190.75 eta (up LOO ct) Tin: $1,500 (up $8) Official offering: 185 tonnes (down 40 tonnes)30 words
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Article181 1977-07-09 8 LONDON, Frl. Terminal cocoa trained £30 (spot July at £2,975) to £20 per tonne at the opening call against New York but later fluctuated narrowly in thin and generally featureless dealings. Cocoa futures closed the morning quiet with gains from last night of £24 (near Sep tender at £2,735.50)181 words
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Article452 1977-07-09 8 STEADY to firm conditions continued to rule at the Singapore Chinese Produce Exchange (SCPE) yesterday with most prices moving up in unison with better sentiment prevailing in the international markets. After a spell of Inactivity. renewed Interest was seen for white peppers as the price differentials between white452 words
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Article222 1977-07-09 8 LONDON, Frl. Futures ended the opening session £42 to £120 down from last night with the biggest losses again occurlng in the more distant months. September lost £67 at £2,237 having traded within a range of £2,240 to £2,180. The market tone was Irregular with 363 lots traded. The222 words
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Article60 1977-07-09 8 C.I.F. Rotterdam. US dollars per ton. LONDON: Pr*viou. Malaysia 5S (fa bulk AUf Sumatra 5% July Aug Sept Oct Nigerian 5* ffa bulk 520 sir 535 sir 527.50 pd 525/520 pd 515/512pd unq 525 sir 535 sir 530 sir 522.50 sir 515 sir unq ROTTERDAM: Sumatra Zaire Belg60 words
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Article179 1977-07-09 8 LONDON, Frl. Terminal sugar rose from last night at the opening call by £0.50 (near August at £109.70) to £1.25 although In line with kerb levels, dealers said. The market was quiet but hesitant. The London dally raws price was lowered by £1.00 per tonne to £105 the lowest179 words
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Article196 1977-07-09 8 THE Btralts tin price In Penang yesterday was up $8 to $1,500 on an official offering down 40 tonnes to 185 tonnes. Buying continued following higher London advices overnight, despite caution ahead of the Internatlonal Tin Council meeting to be held in London next Monday, dealers added.196 words
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Article217 1977-07-09 8 BANOKO"., Frl. Indicative p ces quoted here were: (US dollars per tonne fob basis Bangkok) White Rice: 100 per cent Ist class 302 100 per cent 2nd 287 100 per cent 3rd 283 5 per cent 274 10 per cent 250 IS per cent 247 20 per cent 244217 words
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Article291 1977-07-09 8 HONGKONG, Frl. The market closed below yesterday's close but at the day's high. In fairly quiet trading on low turnover, dealers said. October showed the largest loss of 1.88 US cents, while other months fell 0.52 to 0.85 cents. Total turnover fell to 24 lots from yesterday's 32.291 words
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Article133 1977-07-09 8 CHICAGO, Frl. Soybean futures yesterday morning flirted with the 30-cent a bushel limit loss in the two nearby months as the July and August contracts remained under strong selling and liquidation pressure for the fourth consecutive session. The two nearby months were down 30.00 and 29K cents while other133 words
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Article69 1977-07-09 8 CHICAGO, Frl. Wheat futures registered fractional losses In early trading yesterday on selling that spilled over from the corn and soybean pits, traders said. Prices were unchanged to IK cents a bushel lower, which Is up some two cents from the lows attained near the opening. Wheat futures finished69 words
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Article369 1977-07-09 8 MARKETS were unable to hold the previous week's recovery, dropping back fairly quickly some lour cents to their recent nine-month low, said Holiday, Cutler ft Bath In Its weekly review of the Singapore and Malaysian rubber markets. This was due to lack of follow through369 words
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Article340 1977-07-09 8 LONDON, PYI. Copper wire bars softened In the morning by mostly £0.50 per tonne. The market held steady around previous closing ring level In the absence of fresh trading incentives with most operators awaiting further developments on the US copper strike situation. Three months traded from £743 in the340 words
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Article243 1977-07-09 8 LONDON, Frl. Silver In the morning lost 0.2 to 0.4 pence per troy ounce. Dealers said the overnight decline at New York was largely offset by the higher gold price this morning. Trading interest was again small, only 18 lots changing hands. Three Months closed at 263.2 pence. On243 words
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Article392 1977-07-09 8 IN THE Singapore gold market yesterday, the kllobar opened at SSI 1,286 and drifted up slowly to close at 5511.330. Trading was cautious as many felt that prices were too high. In the loco London market, the metal opened at U*****.35/65 and closed at U*****.00/20 in quiet trading. Source:392 words
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Article114 1977-07-09 8 LONDON, Frl. Lead eased mostly £2.00 per tonne in the morning. The market was steady during early ring dealings on light shortcoverlng encouraged by the trend In copper although profittaking subsequently pared gains, dealers said. Three Months traded up to £325 but softened to £322.50 before final ring and114 words
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Article93 1977-07-09 8 LONDON. Fri. Zinc gained £3 per tonne for cash and C 1.75 for Three Months in the morning. After a slow start, values edged higher on moderate covering support against some US physical business, dealers said. Three Months finished the ring trading at C 320 after a turnover of93 words
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MONEY AND EXCHANGES
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Article563 1977-07-09 8 THE US dollar saw brisk trading against the Japanese yen In the Singapore foreign exchange market yesterday following attempts made bv the Bank of Japan to stabilise the yen around the 265 level. The US dollar opened firm at 265.10/20 in Singapore after the Bank of Japan was reported563 words
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Article42 1977-07-09 8 ACBC l 6H Citibank (H Hangkok Btril 7 HART m Indotltfl C1 Bank at China 7 S V 4 MiUui Bank H Bank Negara OCBC Indonesia T OUB fkirtmd Rank UCB 7 nut Manhattan IV. L'MBC 7 DBS UOB42 words
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Article161 1977-07-09 8 Asian rates ASIAN currency deposit interbank rales u at close on July 1 US Dallara (Spat) 7 day* 511/16 St/16 1 mth 6 5 7/8 2 mths 513/18 511/16 3 mths 515/16 513/16 6 mths 6 3/16 61/16 9 mths 6 5/16 6 3/16 12 mths %int 65/16 9w. Fr*161 words
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Article46 1977-07-09 8 RANOE of prices houses on July S Overnight 3* Call deposit 3% offered by discount 3- Month Treasury bills 3- Month Banks Mils 3-Month CD ft-Month CD B«y 3 4 3/16 4S/6 4 11/16 MN 27/» 41/16 47/16 4 6/16 Source: National Discount Co Ltd46 words
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Article103 1977-07-09 8 Euro rates LONDON, Ftl. Demand for overnight funds made for a Mi gain and this helped to keep other short-dated funds very steady, dealers said. Period rates opened barely steady, dealers said. One Month, however, rote around point to six 5% because of a Friday finish and held its level.103 words
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Article50 1977-07-09 8 REBUITB of tender held on July 8 for 91-day Singapore Government Treasury MUs to be Issued from July 11 to July IS. Offered: $30,000,000 t Applied for: 558.300.000 Allotted: 530.000.000 Accepted Bids: 599 2S. approximately SH, higher bids in full. Average rate of discount on allotment: Z.MOHpa50 words
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Article176 1977-07-09 8 NEW YORK, Frl. The dollar closed sharply weaker than on Wednesday night after a fairly active morning but quiet afternoon here yesterday, dealers said. The main feature of afternoon trading was a rise in the yen to 0.3785/ 87 cents from the overnight 0.3767/ 69, although this reflected176 words
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Article179 1977-07-09 8 LONDON, Frl. The dollar staged a mild recovery against most currencies in auiet early trading with evlence of profit-taking on yen and marks bought yesterday, dealers said. The Bank of Japan's Intervention to stem the rise of the yen in Tokyo by buylne an estimated $150 million or more,179 words
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Article140 1977-07-09 8 TOKYO. Frl. The dollar for overnight delivery closed at 264.90 yen after the central bank bought $150 million, firmer than the opening 263.90 but down from 265.50 at yesterday's close, dealers said. The dollar fell initially reflecting the appreciation of the yen abroad but the central bank intervened, pushing140 words
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Article96 1977-07-09 8 HONGKONG. Fri. The US dollar firmed in moderately active trading to 264.75/95 yen compared with its New York midpoint close of 264.13, after rising to 265.00/10 on reports of central bank intervention In Tokyo and then easing to a day's low of 264.30/50, dealers said. HONOKONG banknotes quoted on96 words
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Article58 1977-07-09 8 AUSTRALIAN/NZ exchanges on July 8. Australia: Bteriln« 0 0556/ 0.6400 US dollar 1.1240/ 1 1192 Ninety day air mall buying rates: sterling 0.0740 US dollars 1.1496 Ninety-day forward buying rates. Sterling 0 8552 US dollars 1.1123 New Zealand: Sterling 0 5852/ 0 5020 US dollar 0.9706/ 0.9606 Ninety-day forward58 words
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Article47 1977-07-09 8 ZURICH exchanges closing quotes on July 7 US 2 4245-4255 UK 4.1680-1705 Can 2 2855-2875 W Germ 105 14-22 Neth 98.57-67 France 49.78-82 Bel* 8.77*4-78* Denm 40.32-35 Nor* 45 84-87 Bwed 55 23-27 Italy 0.2743-2746 Austria 14.82-14.84 Port 6.31-33 Spain 3.46*4-47 Arg 0.55-65 Japan 0.91 W-9247 words
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Article47 1977-07-09 8 FRANKFURT exchanges opening quotes on July 8 U8 2 3083/ 93 Can 2 1780/ 1800 UK 3.88 ft/ 978 Neth 93.74/ 84 Swltc 95 00/ 10 Italy 2.808/ 619 Prance 47.38/40 Norw 43 57 83 Belg com 6.42/ 43 Belg fin 0.40/ 43 Japan 0.8713/ 2247 words
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Article300 1977-07-09 8 LONDON. Frl. Straight dollar Eurobonds were fractionally firmer in moderate activity and light profittaking. dealers said. LONDON Eurobond prices on July 8 Straight* Bid Off* Austria 8* 90 101* 102* Bell Canada S* M 106* 106* BFCE8*83 101* 102* Brazil 9* 84 98* 88* Can Pacific 9* 83 103300 words
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Page 8 Advertisements
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Advertisement189 1977-07-09 8 ."Tr;' egfr F 111 .Vl II MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN j This unique publication offers businessmen each month a comprehensive guide to the latest developments that have token place in all important sectors of the economies of countries in East189 words
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TRANSPORT AND COMMUNICATIONS
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140 1977-07-09 9 AP KUALA LUMPUR, Fri. Malaysia joined the ranks of builders of fishing boats of international standards by delivering four 127-ton trawlers to a Moroccan firm. The boats, ordered by the Compaeche Agadlr Company of Morocco, were built at a total cost of US$BOO,OOOAP - 140 words
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736 1977-07-09 9 First terminals proposed by US NYT NEW YORK, Fri. With millions of dollars at stake, as well as control over much of the United States' future oil imports, a fierce battle is being waged orer crucial government restrictions on America's first deepwater terminals proposedNYT - 736 words
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548 1977-07-09 9 WASHINGTON STAR RIYADH. Frl. Saudi Arabia is pressing the United States to sell it one of the best new American warplanes. the Fl5 supersonic fighter-bomber, and is getting impatient with delays, according to informed sources. The Fl5 Eagle is currently the centreWASHINGTON STAR - 548 words
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Article72 1977-07-09 9 Reuter WASHINGTON, Fri. The Defence Department notified Congress of its intent to sell Iran seven E-3 Boeing radar surveillance planes with an estimated value of US$l.2 billion (Ss3 billion). Congress has 30 days to stop the sale. The official announcement follows by a month a reportReuter - 72 words
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86 1977-07-09 9 LUFTHANSA will weigh between 10,000 and 20,000 passengers In September, to determine the standard average weight of each passenger to calculate takeoff weights. The average weight per passenger figure has not been changed since 1962. Officials believe, however, that today's passengers may be heavier. The average86 words
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Article81 1977-07-09 9 "STRAITS Enterprise", the first containershlp to be owned by the Straits Steamship Group, arrives In Singapore today, on her maiden voyage under the command of Capt. O. Coupar., The 5,400 grt vessel, constructed by Hashihama Shipbuilding of Japan, was launched in March this year r.id Is carrying81 words
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Article, Illustration307 1977-07-09 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Golden Eastern (0600) (Subject freeboard) 24/25 Dong Bee (1700 after Stolt Norn ess) 13/14 Loon Bhang (HOJW) (0900) (Subject free Board) 29/30 Slbonga (2000 after Jaladhanya) (Draft 9.7 m) 3/4 Straat Chatham (1) (0530 after Oakbank) (D/L) 35/36 Straat Chatham (11) (1830 shifts307 words
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209 1977-07-09 9 Reuter WASHINGTON, Frl. President Carter has endorsed a congressional proposal to require that US ships carry a Large percentage of foreign oil to the United States, Representative John Murphy, Democrat-New York, said, said. Mr Murphy is chairman of the House of Representatives Merchant Marine Committee, whichReuter - 209 words
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119 1977-07-09 9 Reuter CALCUTTA. Frl. Over 200,000 port and dock workers in India's eight major ports will stage an Indefinite strike from July 14 to back wage demands, president of the All-India Port and Dock Workers' Federation R.S. Kulkarni told a press conference. The strikeReuter - 119 words
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Article196 1977-07-09 9 KNUTSEN Line Is incorporated In Norway. It is a company that has continuously developed to meet the changing shipping needs of the world. It provides worldwide services, connecting continents via regular routes, therefore giving shippers the dependability they want for efficient trade. Knutsen's service piles between the US196 words
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135 1977-07-09 9 Reuter NEW YORK, Fri. Commissioners of the Pert Authority of New York ud Now Jersey, operators of Kennedy International Airport, voted to continue their 11-month han on lending of the Angle-French Concorde supersonic airliner. The 12 commissioners voted unanimously to extend the baa onReuter - 135 words
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Article149 1977-07-09 9 Reuter LONDON, Frl. Foreign car-makers took 8 per cent more of the British market In the first half of this year than they did In the same period last year, the Society of Motor Manufacturers and Traders said. Imports ran at a rateReuter - 149 words
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Article591 1977-07-09 9 ARRIVALS k Opm CAL CI 333 r na 0040 TPE/HKG/KUL SIA 8Q06 0145 LAX/HNL/GUM CPA CX003 0145 HKO MAS MH682 0810 KCH CPA CX710 1000 HLP CAL CI814 1000 HLP OIA OA90O 1030 HLP THAI T0423 1085 BKK SIA SQ211 1045 HLP OIA OA908 1100 MBS PAL591 words
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Article116 1977-07-09 9 AP SUVA, Frl. Minister of Labour Ratu David Toeanlvalu last night declared that FIJI faced economic disaster after talks to end a dock strike collapsed. Mr. Toganivalu also ordered the ports authority and Fiji waterside workers and seamen's union to settle their pay dispute by compulsoryAP - 116 words
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Advertisement143 1977-07-09 9 Keep in touch with business developments in Singapore wherever you are in the world I Subscribe now to Business Times Va BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia, Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific143 words
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Article, Illustration1884 1977-07-09 10 RICHABD JOHNS - The overall oil surplus will be mere heavily concentrated in Send! Arabia and Kuwait. But while the region is playing a much more active part in recycling ftmde and using them for development, aa Arab capital market is still a long way from being achieved. By RICHABDFT - 1,884 words
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Article, Illustration1757 1977-07-09 10 JERRY FLINT - By JERRY FLINT NYT FOUR and a half years ago, the American Telephone and Telegraph Co. (Bell) agreed to the most sweeping corporate effort ever to eliminate racism and sexIsm on the job. The Supreme Court's decision a month ago upholding seniority In promotion, as againstNYT - 1,757 words
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Article553 1977-07-09 10 BARBARA GAMAREKIAN - WORKING GIRL'S DIRECTIVE By BARBARA GAMAREKIAN NYT WASHINGTON: The European 'working woman Is beginning to demand her share of the economic pie. And the Common Market, the organisation that binds nine Western European countries together In an economic entity. Is giving a helping hand. It hasNYT - 553 words
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Advertisement468 1977-07-09 10 Business Management in Penguins IHm Dabt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their own economies end the I role of IMF in frost468 words
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354 1977-07-09 11 Reuter AFP LONDON, Frl. UK Secretary of Trade Edmund Dell imposed an antidumping duty of £11 (8946) per tonne on non-alloy steel light sections from Japan, effective from Thursday, the UK Department of Trade and Industry said. This follows completion of a DepartmentReuter; AFP - 354 words
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Article214 1977-07-09 11 AP WASHINGTON, Frl. Imports of meat subject to a 1964 quota law continue to run below a year ago and so far show no sign of triggerins: stiff restrictions on the amount that can enter the United States market. Agriculture Secretary Bob Bergland.AP - 214 words
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466 1977-07-09 11 Reuter HONGKONG, Frl. Acting Director of Commerce and Industry Bill Dorward said since the announcement a fortnight ago by the French government that It would restrain certain textile Imports under Article 19 of the General Agreement on Tariffs and Trade (Gatt), Hongkong has beenReuter - 466 words
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134 1977-07-09 11 Reuter HONGKONG, Frl. The Chartered Bank has cut its interest rate on six-month deposits to 2 1/4 per cent from 3 per cent, with the rate for 12-month deposits moving to 3 per cent from 4 per cent. On April 14, Chartered, along withReuter - 134 words
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Article35 1977-07-09 11 Reuter PARIS, Fri. Central bankers will review the forlegn currency situation and market reaction to recent central bank activity at their regular monthly gathering In Basle early next week, informed sources said. Reuter.Reuter - 35 words
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365 1977-07-09 11 AP AFP TOKYO, Frl. The Japanese Government yesterday decided to hold a vice minister-level consultation with the United States to discuss how to solve Japan's trade surplus problem, a foreign ministry spokesman said today. The decision to accept an earlier American proposalAP; AFP - 365 words
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136 1977-07-09 11 Reuter TOKYO, Frl. Japan's seasonally adjusted private sector orders for machinery, excluding ships, fell 28.3 per cent In May to 218.8 billion yen (SSI.9 billion) from 305.3 billion In April, when they rose 20.9 per cent from March, the Economic Planning Agency said. UnadjustedReuter - 136 words
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Article102 1977-07-09 11 Reuter LONDON, Frl. Shell UK Ltd said from last night It has cut the price of petrol to retailers by 2.08pf511.3 cents) every 4.5 litres for two, three and four star grades and by 1.82p for five star. However, subsidies to petrol stations In areas where thereReuter - 102 words
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Article47 1977-07-09 11 THE Singapore Tourist Promotion Board- Is organising a 10-day programme to promote Singapore at the Royal Teheran Hilton In Teheran starting Tuesday. This Is the second programme since October. The promotion Is co-sponsored by Singapore Airlines, the Royal Teheran Hilton and the Singapore Hilton.47 words
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Article, Illustration178 1977-07-09 11 UPI WASHINGTON, Fri. Agriculture Secretary Bob Bergiand (above) ■ays food may become an important tool in President Carter's campaign to promote human rights abroad. Mr. Bergiand said food aid should be granted "irrespective of the ideology or philoeophy" of the needy government,UPI - 178 words
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Article278 1977-07-09 11 Reuter BRUSSELS,-Frl. The EEC monetary committee expressed concern that further upward pressure on the mark on foreign exchange markets could arise If large scale dollar reserves accumulated by the Bank of England came onto the market, committee sources said. The committee, which groups EEC FinanceReuter - 278 words
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340 1977-07-09 11 AP WASHINGTON, Frl. A group of Congressmen from cotton-growing states is pressing the US Export-Im-port Bank to continue a cotton export credit that was first granted to Japan in 1948 at the beginning of Its economic recovery after World War n. The PresidentAP - 340 words
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Article209 1977-07-09 11 AP PARIS, Fri. Eleven countries that have lent Zaire more than UStl billion (8*2.48 billion) agreed yesterday to stretch out the nation's payments on the largest part of the debt. Unofficial estimates pegged the natlon-to-natlon debt last year at $1 billion to $1.5 billion,AP - 209 words
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Article110 1977-07-09 11 Reuter ANCHORAGE, Frl. Oil began flowing In the Alaska pipeline again yesterday after a three-day shutdown caused by a crack In the line, officials said here. The flow was halted on Monday about halfway down the 91,200-km pipeline, after nitrogen had been found escaping from aReuter - 110 words
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395 1977-07-09 11 Reuter WASHINGTON, PH. The US Is flexible on the question of an adjustment to the world tin celling price* but will need a lot of persuading that an Increase In the floor price can be Justified. Mr. Ashley Hewitt, head of the U8Reuter - 395 words
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222 1977-07-09 11 UPI VANCOUVER, Frl. Chancellor Helmut Bchmldt said yesterday West Germany and Canada are headed toward Increased trade and greater economic cooperation. Addressing a state dinner given In his honour by Prime Minister Pierre Trudeau, Mr. Schmidt said their first round of talks pointed toUPI - 222 words
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112 1977-07-09 11 Reuter MANILA, Frl. A sixmember trade and goodwill mission from Vietnam will arrive in Manila late this month for bilateral talks with their Philippine counterparts, Philippine Chamber of Commerce president Fred Ellzalde said today. He said the Hanoi delegation would comprise representatives from various state tradingReuter - 112 words
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Article68 1977-07-09 11 AFP TOKYO, Frl. Amid protracted recession, some 1,528 Japanese companies went bankrupt In June, down 7.5 per cent from May, but up 28.7 per cent from a year earlier, a private research company announced today. The Tokyo Shoko Research said it left combined liabilities of 210,599 millionAFP - 68 words
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Article130 1977-07-09 11 AFP MANILA, Fit. The Asian Development Bank (ADB) announced today It would provide on a grant basis technical assistance to Papua-New Oulnea for the formulation of a fisheries development project for possible ADB financing. The bank said the Food and Agriculture Organisation (FAO) would provideAFP - 130 words
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Article124 1977-07-09 11 Reuter NEW YORK, Frl. US mohey supply, M-l, rose US$lOO million (***** million) for the week ended June 29 to an adjusted $322.4 billion, the New York Federal Reserve Bank reported. The broader-based monetary aggregate M-2, rose $500 million to a seasonally adjusted $774.2 billion.Reuter - 124 words
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Article26 1977-07-09 11 AFP JOHANNESBURG, Frl. De Beers Diamond Company today announced record sales for the first six months of this year totalling US$l,OB5-mill ion (552,669 million).AFP - 26 words
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Advertisement193 1977-07-09 11 APPOINTMENTS MANAGEMENT AND PRODUCTIVITY SERVICES SDN. BHD. (MANAGEMENT CONSULTANTS) Our client, a well established organization, distributing various engineering goods and hardware items invites applications for the position of: SALES MANAGER Requirements: Must be Malaysians Must possess a proven record of sales performance in engineering items and hardware Must be able193 words
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Advertisement315 1977-07-09 11 PHILIPS requires a TECHNICAL SALES ENGINEER The man we seek must have a sound knowledge of electronic engineering, preferably with a degree in Engineering or Physics. He should possess at least one to two years relevant experience in the technical sales of audio/video systems and be able to innovate ond315 words
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713 1977-07-09 12 Reuter SYDNEY, Frl. Australian Minister for Overseas Trade, Mr. Douglas Anthony, said here today his just completed visit to the Philippines helped to defuse Asian criticism of Australian trade policies. Mr. Anthony said he explained to Philippine President Marcos that Australian trade policies wereReuter - 713 words
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Article167 1977-07-09 12 Reuter CANBERRA, Frl. The Australian government today moved swiftly to attack the Labour Party opposition on its decision to ban the mining and export of the country's vast uranium reserves. Prime Minister Malcolm Fraser condemned Labour's anti-uranium policy as irresponsible while his deputy. National Resources MinisterReuter - 167 words
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Article755 1977-07-09 12 LONDON, Frl. The market closed steady to a little firmer after quiet pre-weekend trading, in reaction to recent heavy falls on fears concerning future pay policy and inflation, dealers said. Government stocks remained firm with gains of up to W point in longer dated loans while shorts firmed755 words
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Article, Illustration346 1977-07-09 12 AFP MANILA, Frl. Philippine President Marcos today gave a timetable of five to seven years for Asean to achieve a level of economic development it would need to put down any future threats of subversion. Spooking in a televised question-and-answer dialogueAFP - 346 words
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553 1977-07-09 12 Reuter ATTKMPTB by the Bank of Japan to stabalise the US dollar at around 205 yen failed when the dollar plunged from the morning's level of 285 to around 264 during the afternoon In the Singapore forex market yesterday. The BankReuter - 553 words
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Article125 1977-07-09 12 AFP CANBERRA, Frl. Australia's unemployment situation worsened dramatically In June with a rise of 11,610 people seeking work. It brought Australia's level of unemployment to 5.4 per cent of the workforce or a total of 332,783 people out of work. This compares unfavourably with 4.4 perAFP - 125 words
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Article88 1977-07-09 12 AFP MANILA, Frl. The Australian Government today donated U552.33 million (8*5.7 million) worth of food plant equipment to the Philippines to boost its nutrition research programme. The equipment is capable of producing low-cost protein-rich food for children with the use of local materials such asAFP - 88 words
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188 1977-07-09 12 How to stimulate economy by research centre Reuter TOKYO, Frl. The Japan Economic Research Centre proposed a three trillion yen ($27.6 billion) programme and a fresh cut in the official discount rate to stimulate the Japanese economy. The centre said In a report that the measures will raise Japan's realReuter - 188 words
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182 1977-07-09 12 AFP KUALA LUMPUR, Frl. A Bill to enable the government to borrow money from the Islamic Development Bank will be tabled for first reading at the next meeting of the Dewan Rakyat beginning on Monday. The bill Loans (Islamic Development Bank) Bill willAFP - 182 words
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Article485 1977-07-09 12 SAFETY training (or all factory workers handling machinery, provision of guards and other devices to render all machinery safe to workers and the regular Inspection of machines so that unsafe machines can be spotted and faults rectified quickly these were the three main recommendations that came485 words
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Article181 1977-07-09 12 LOCAL orchid exporters are still waiting to hear Whether the Netherlands and Italy have succeeded In their attempt to classify our exports Into the NIMEX group which will mean Imposition of Import licences and special protection clause whereby any EEC member country can introduce181 words
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348 1977-07-09 12 ASIAN MACHINE, the first non-local moulds manufacturing company to be set up In Singapore, will open Its Jurong factory in October this year. Incorporated In May this year, the company, with an authorised capital of $1 million, has already sent eight of Its workers348 words
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123 1977-07-09 12 Reuter DUSSELDORF, Fri. The US authorities have not needed to support the dollar since the currency's recent fall has not occurred in erratic market conditions, US Treasury Secretary Michael Blumenthal told the financial dally, Handelsblatt, in a Washington Interview. The dollar decline reflectsReuter - 123 words
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Article63 1977-07-09 12 AP KUALA LUMPUR, Fri. The special adviser to the president of the Japanese Chamber of Commerce and Industry, Sumo Hara, called on the Minister Without Portfolio in the Prime Minister's Department, Chong Hon Nyan, here today. Mr. Hara, who arrived on Tuesday, is here on a factfinding missionAP - 63 words
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Article61 1977-07-09 12 IndonesiaEEC talks Reuter JAKARTA, Frl. A delegation of the European Economic Community (EEC) arrived here today for talks with Indonesian officials on ways of expand lng trade links between Jakarta and EEC member states. The delegation, led by Mr. M. Jan sen, will also attend a seminar on economic relationsReuter - 61 words
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Article, Illustration333 1977-07-09 12 MR. KENNETH Eales has resigned as chairman and director of Consolidated Plantations, and Slme Darby chairman, Tim Tan Slew Sin, Is taking the chair in his place. Although the move appears as Inevitable aftermath of last year's board reshuffle at Slme when Mr.333 words
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Article150 1977-07-09 12 CONSUMERS are expected to know by next Tuesday how much more they will have to pay for their bottled soft drinks for that will be the day when the Consumers Association of Singapore (CASE) will meet the two organisations representing coffee shop owners. CASE met five150 words
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121 1977-07-09 12 KUALA LUMPUR, Fri. The former chairman and managing director of Folex Industries Bhd., Tan Srf Tan Hian Tsln, 51, today filed an appeal against his conviction and sentence. He was Jailed for five years by the High Court yesterday for criminal breach of trust involving121 words
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Article33 1977-07-09 12 AFP KUALA LUMPUR, Frl. Datuk Ishak Pateh Akhir, secretary-general of the Agriculture Ministry, will represent Malaysia at the slx-dav conference of natural resources specialists which begins In London on Sunday. AFPAFP - 33 words
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Article37 1977-07-09 12 SINGAPORE telephone subscribers can now make calls to the People Republic of Congo and station-to-station calls to Papua New Guinea, the Telecommunication Authority of Singapore said yesterday. The calls can be made by dialling "904".37 words
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Advertisement60 1977-07-09 12 SEE PAGE 11 NOW ON SALE at your regular bookshop. The phenomena! bestseller which has taken America by storm the story of a black American's search tor his roots in Africa ROOTS has sold over 1'« million hardback copies since its publication and it is continuing to top the bestseller60 words
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