The Business Times, 12 July 1977
1977-07-12
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12
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The Business Times
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Title Section10 1977-07-12 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, JULY 12, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article107 1977-07-12 1 Reuter WASHINGTON, Mon. After-tax profits for retail corporations averaged UB2 cents per dollar of sales In the first quarter of 1977, down from the 3.1 cents per dollar In the fourth quarter of 1976, the Federal Trade Commission said. Aftertax profits In first quarter 1976 wereReuter - 107 words
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Article63 1977-07-12 1 Reuter NEW YORK, Mon. Pan American World Airways said today It will match Laker Airways' low "Skytrain" air fares to London, and will throw in a free meal to boot. Pan Am said it would match Laker's US$l35 (*****) one-way fare from New York to LondonReuter - 63 words
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Article53 1977-07-12 1 AFP MADRID. Mon. The Spanish oeseta could be devalued by about 20 per cent the Spanish Clfra news agency affirmed today, quoting "competent sources." A report from the Iran frontier post said banks there had received instructions from Madrid to cease any dealings in foreign currency for theAFP - 53 words
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Article80 1977-07-12 1 UPI NEW YORK, Mon. US steel imports for May of more than 1.8 million tonnes the highest since December 1971 Jolted American steelmakers, said the latest issue of Iron Age magazine. US steel producers suspect their "worst fears" about the Import trend will be confirmed, the magazine said.UPI - 80 words
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Article60 1977-07-12 1 THREE manufacturing firms from Japan and Hongkong are Investing over $10 million In Singapore to produce plastic lenses, mechanical parts, hair dryers and other precision plastic mouldings. An EDB spokesman said these projects, now under various stages of implementation, will employ 200 workers. Production Is expected to begin60 words
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Article58 1977-07-12 1 AFP KUALA LUMPUR, Mon. Five senior Australian government officials arrived here tonight to prepare the ground for Australian Prime Minister Malcolm Eraser's meeting with Asean leaders early next month. The officials will hold discussions with Foreign Ministry officials from the Asean desk led by the secretary generalAFP - 58 words
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Article82 1977-07-12 1 NEW YORK, Mon. Stocks edged lower early today In moderately active trading as Investors pondered the outlook for the economy that showed more strength in the first half of 1977 than anticipated. Against that background, the Dow Jones Industrial average, a 1.52-polnt loser on Friday, was off 1.6182 words
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Chief price change
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Article, Illustration164 1977-07-12 1 STEADY conditions prevailed on the Stock Exchange of Singapore yesterday. Besides the lowerpriced shares, appreciative gains were also recorded by some of the higher-priced stocks. The Business Tunes index rose 6.96 points to 339.95 and the Straits Times Industrial index advanced 1.26 points to 260.07. Rites Most164 words
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Article109 1977-07-12 1 Rites Most active T'gannu Dev D^lnn 1 04 21 M 'sla Weaving. 1,292,000 1.25 1.85 .15 .15 Lien Hoe 523,000 SMInd Bandar Raya 292.000 P. Chem 2.85 +.14 Public Bank 238,000 Lien Hoe 1.88 .12 Total Turnover: 5.78 M C.C.M 3.88 .12 Total Value: Mf 9.57 M109 words
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Article, Illustration887 1977-07-12 1 QUEK PECK LIM - EAC FINALISING 74-PROJECT LIST ■y QUEK PECK LIM THE GOVERNMENT will spend $5 billion on a number of public sector projects to boost the construction industry, and has plans to spend even more. This was revealed yesterday in a paper on the work of887 words
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Article116 1977-07-12 1 ANY guarantee timed is a tmtruster or public official oft btfaUf of tfea Government Involving a financial liability will not considered binding upon Singapore wltheut the written authority of the Minister for Finance. This warning was given following the Public Accounts Committee's request to the. Government116 words
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681 1977-07-12 1 r WEI'GIAF Construction, tbe Housing and Urban Development Company's i principal contractors for Its < Braddell Rise project, will be wound up by the end of this month If It Is unable to settle its debts with creditor Intraco, the governmentbacked trading company.681 words
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261 1977-07-12 1 A MORE uniform format for the presentation of statutory boards accounts may be possible in the near future If studies currently carried 6ut by the Auditor General (AG) meets with success. A study was carried out following an observation made by the Public Accounts261 words
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Article342 1977-07-12 1 MOVES ARE now In hand to limit the number of directorships in govern-ment-owned companies a civil servant can hold. The Public Accounts Committee, which had raised the question of a review of tne situation where some government officers have been appointed to numerous directorships and the need342 words
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283 1977-07-12 1 HIE US dollar yesterday took a quick plunge against the yen in Singapore's forex market, dropping more than 100 points from the morning's opening of 204.50 yen to 2*3.0 yen during London's opening in late afternoon. After holding a steady course283 words
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Article36 1977-07-12 1 Reuter LISBON, Mon. Portugal's trade deficit worsened by 8.03 bUUon escudos (about SS9OB million) between April and the end of May this year, according to figures released by the National Institute of Statistics- Reuter.Reuter - 36 words
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288 1977-07-12 1 Reuter MANILA, Mon. Consumer Industries in Asean are projected to grow by more than 6 per cent a year from 1973 to the end of the century In real terms, a study by the private Centre for Research and Communications (CRC) said. Of the consumerReuter - 288 words
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138 1977-07-12 1 -KUALA LUMPUR, Mon. The Malaysian Government is urging Japan to relax her Import policies on Malaysian products. Trade and Industry Minister, Datuk Hamzah Abu Samah, said that Malaysia had applied for Japanese concessions on several Malaysain exports through current multilateral trade negotiations in Geneva.138 words
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Article93 1977-07-12 1 KUALA LUMPUR, Mon. The Asean Automatlve Federation's technical committer began its meeting here today. About 89 delegates from the five Asean countries are attending the meeting hosted by the Automatlve Federation of Malaysia. "The meeting will study the possibilities for cooperation and complementation In the manu- facture93 words
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Page 1 Advertisements
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Advertisement66 1977-07-12 1 ®Wyfbong MAF A lending hand when Wiyfoong Mortgage MOU llCcd and Finance V (Singapore) Limited 11 IlKwl Shaw House. Ground Floor. 354 Orchard Road. Singapore 9. TH: *****7. SEE PAGE 2 I: jCII I Oversees New«/ TV Radio Oversees News/ Feature Local Co News la tenia tional Co News Local66 words
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Advertisement60 1977-07-12 1 PA t '1 s You can buy almost anything now and arrange payments to suit your personal budget. For further details, write to our Accounts Department for e brochure. HI IK>r,i\s< >\s SPECIALISTS' SHOPPING CENTRE Orchard Road Singapore 9 Tel: *****2 Mans Taas WWs Fri M&aaiti 130 pn Tlwrs I60 words
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Advertisement165 1977-07-12 1 U-BIX COMPLETE COPYMG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE T« *****2 L.n«#) APS ELECTRONICS <M) SDN BHD KUALA LUMPUR Tel 2174?«3MM«567 FOR LEASE LUXURY cAPARTMENTS We have an interesting range of luxury apartments for lease in Singapore's best known apartment buildings. Here is a selection of what we can offer165 words
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OVERSEAS
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144 1977-07-12 2 Reuter TOKYO, Frl. Bank of Japan governor Mr. Telichlro Morlnaga said Japan's trade surplus for the first half of 1977 probably reached US$7 billion (5517.1 billion) compared with $8.83 billion in the same period of 1976. Japan will also have a large trade surplus forReuter - 144 words
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199 1977-07-12 2 Reuter TOKYO, Mon. Federation of Economic Organisations (Keidanren) President Toshiwo Doko said he will urge Prime Minister Takeo Fukuda to Introduce a supplementary 1.5 trlllon yen (5513,950 billion) budget following satisfactory election results for the ruling Liberal Democratic Party. He told a press conference Mr.Reuter - 199 words
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Article48 1977-07-12 2 Reuter TOKYO, Mon. Bank of Japan governor, Mr. Teiiehiro Morinaga said the yield of industrial bonds (AA grade) in Japan is likely to be reduced again from August issues. Yield from this month's issues was 0.402 per cent lower at 7.688 per cent. Reuter.Reuter - 48 words
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Article66 1977-07-12 2 AFP TOKYO, Mon. Japan and Bangladesh today exchanged notetf here under which Japan extends a credit amounting to 6,400 million yen (5557.1 million) to Bangladesh to help con- struct a hotel in Dacca, the Foreign Ministry said. The ministry said the yen credit carries a 4.5AFP - 66 words
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279 1977-07-12 2 Agencies MADRID, Noa. The Official Bank of Spain suspended dollar-peseta trading today amid reports the government will devalue the peoeta. The government declined comment as Premier Adolfo Suares met with his now Cabinet. Private banks said they had been told "there is noAgencies - 279 words
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Article, Illustration985 1977-07-12 2 ECONOMIST LONDON, Mon. Britain's building societies have been criticised recently for falling to reduce their interest rates as much as market conditions might permit. They have been attacked for lavishing money on glamorous new offices and on glossy advertising to lure customersECONOMIST - 985 words
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108 1977-07-12 2 AP BRUSSELS. Mon. Fruit production Is down this year In Western Europe, the Common Market reported today, but forecasts for vegetables were better than last year. Cherries are selling for US$2.6O (5J6.40) for half a kilo In Brussels. The crop In the nineAP - 108 words
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Article153 1977-07-12 2 AFP TAIPEH, Mon. Japan has invited officials and Inspectors of the Taiwan Provincial Fruit Marketing Coo pera tors for a meeting to discuss matters concerning quarantine procedures for over a dozen Taiwan agricultural products to be imported Into the Japanese market. An official of theAFP - 153 words
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Article171 1977-07-12 2 Reuter MELBOURNE, Mon. Comalco Ltd. said the Prices Justification Tribunal approved a 6.25 per cent rise to A 96.4 cents (552.66) a kilo from 90.7 cents In the base price of Its 99.5 per cent aluminium Ingot, effective Aug 15. Comalco noted this is equivalent toReuter - 171 words
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674 1977-07-12 2 AFP SEOUL. Mon. South Korea Is fast winning the economic competition against Pyongyang, government officials In Seoul say. By 1981, South Korea's Oross National Product (ONP) will be about seven times larger than that of the North, while Its 34.6 million population Is onlyAFP - 674 words
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415 1977-07-12 2 AP ANCHORAGE (Alaska), Mon. Oil can be pumped over Alaska's 826-metre Thompson Pass, bypassing a blasted out pumping station, but the bypass plan won't allow the transAlaska pipeline to keep up with Its full production crhMlul* Officials of the Alyeska Pipeline Service Co.AP - 415 words
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272 1977-07-12 2 Reuter WASHINGTON, Frl. Details of the IMF's new supplementary financing facility are likely to be announced within about six weeks. Informed monetary sources said the facility, dubbed the "Witteveen Facility" after the IMF managing director Mr. Johannes Witteveen the originator is likely to totalReuter - 272 words
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157 1977-07-12 2 Reuter SYDNEY, Mon. Discussions on trade will be only peripheral to foreign policy issues at talks between Australian and Japanese officials in Canberra tomorrow and Wednesday, a Foreign Affairs Department spokesman said. The Japanese Foreign Ministry said last week that Japan will have talksReuter - 157 words
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Page 2 Advertisements
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Advertisement201 1977-07-12 2 Ghre us a man for a monthwell give him a language for life rangua 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 proficiency201 words
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Page 2 Miscellaneous
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Miscellaneous49 1977-07-12 2 WEATHER report for 24 boon prior to 7.30 pjn. on July 11 at Singapore airport. Maximum Temperature 28J 0 C Associated Humidity M Minimum Temperature 23.9 C Associated Humidity 100 Hours of Sunshine 3.2S in Millimetres 0.3 Total for the Month 50.7 Total Rainy Days for the Month 749 words
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Miscellaneous11 1977-07-12 2 SINGAPORE 5 1 f £5 irv." tr snaEr^Tn/' pc r-f laes11 words
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Article, Illustration641 1977-07-12 3 AFP LONDON, Mon. Britain's Immediate economic future will hang In the balance this week when Prime Minister James Callaghan's minority Labour Government unveils a new economic strategy Intended to push the two-year-old "social contract" of wage restraints Into the background. Mr.AFP - 641 words
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Article127 1977-07-12 3 AFP CAIRO, Mon. The International Bank for Reconstruction and Development Is to lend Egypt US$5O million (SSI2S million) under the terms of a loan agreement to be signed here tomorrow, the Middle East News Agency reported yesterday. The agency said Egyptian Finance Minister AbdelAFP - 127 words
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151 1977-07-12 3 Reuter OTTAWA, Mon. West German Chancellor Helmut Schmidt arrives here today for talks with Canadian leaders during which he will seek progress on the delicate issue of Canadian uranium sales to Its European allies, suspended since last January. Canada, embarrassed when India explodedReuter - 151 words
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Article103 1977-07-12 3 Reuter MELBOURNE, Mon. The Australian government will Intervene H trade union strikes or bans or holds up vessels carrying uranium ore, Transport Minister Peter Nixon said. He said that all political parties and the Australian Council of Trade Unions (ACTU) have a commitment to honour existingReuter - 103 words
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Article50 1977-07-12 3 AFP BONN, Mon. The rich Common Market countries like West Germany should set up a fund to distribute 10 billion marks a year (559.84 billion) to the poor regions of southern Italy, Portugal, Greece, Ireland and Scotland, according to German Labour Minister Herbert Ehrenberg. AFPAFP - 50 words
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526 1977-07-12 3 WITHOLDING OIL FROM MARKET? UPI STOCKHOLM, Mon. With the dispute over prices virtually settled, world oil mjnlsters may now have another unpleasant surprise in store for the West. Its called "production programming". Ministers of the Organisation of Petroleum Exporting Countries (Opec) began gatheringUPI - 526 words
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597 1977-07-12 3 NYT BUENOS AIRES, Mon. Argentine Inflation, which led the world lists last year has the wage earner by the throat. Official figures released on Friday showed that the cost of living rose 7.8 per cent In June, bringing the total Increase in theNYT - 597 words
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Article240 1977-07-12 3 AFP NEW YORK, Mon. At least 115 American Representatives or former Representatives havexxecelved favours from South Korean lobbyists In Washington, according to the New York Times. According to earlier reports, about 75 Congressmen or former Congressmen had been Involved In the lobbying effort by the SouthAFP - 240 words
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1531 1977-07-12 3 UPI NEW YORK, Mon. There has been Increasing talk of worker participation In management as a solution to the problems of Western industry, but a survey shows that while the trend is marked, there is no rush to revolutionise the traditional worker-boss relationship. UnionUPI - 1,531 words
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173 1977-07-12 3 VADUZ (Liechtenstein), Mm. 1W Liechtenstein government and the principality's bank association signed aa agreement aland at iaymiai identification of clients and funds and at countering the promotion of fugitive money movements. This agreement has the aame contents as that signed at the start of173 words
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116 1977-07-12 3 AFP KARACHI, Mon. Pakistan's chief martial law administrator, General Mohamed Zlaul-Haq, has urged Industrialists to get the wheels of Industry moving again to rebuild the country's shattered economy. Gen. Zia, Inspecting relief operations here yesterday after recent heavy rains and floods, called for IncreasedAFP - 116 words
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429 1977-07-12 3 FT LONDON, Mon. Japanese imports took a sharply Increased share of a buoyant UK market for colour TV sets In the first four months of this year. The Increase has raised fears that the understanding entered into between the UK and JapanFT - 429 words
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238 1977-07-12 3 Reuter LAUSANNE, Mon. Central banks have only needed to Intervene In a small way as the fall In the dollar has not been too serious up to the current time, German Finance Minister Hans Apel told a press conference here. Mr. Apel here for talksReuter - 238 words
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Page 3 Advertisements
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Advertisement59 1977-07-12 3 1 <•> COPPER TUBE PIPE For all your requirements in: Air-conditioning Heat-exchanging Plumbing etc... MERITS: 1. Excellent quality I 2. Available even in small quantity 3. Short delivery terms I 4. Stabilized supply I SINGAPORE KOBE PTE. LTD. a tubtkUary of KOBE STEEL in Japan NO. 3, 6TH LOKYANG ROAD,59 words
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743 1977-07-12 4 OREAT EASTERN Life Assurance achieved another record Increase in sales of life assurance policies last year. "Sums Insured under new policies written during 1976 exceeded $539 million, an increase of 12 per cent over the figure of 1975, which was itself a record," reports743 words
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Article344 1977-07-12 4 Curreat Kx Data Total far Total far payment Date payable the year previous yeaj Johan Tin 20% June 23 July 12 20% 20% K.Kaaipar 26.7% June8 July 12 35% 35% Batu Kawan SHI May 28 July 12 5%I 10% Duff Dev. 2.5*1 May 28 July 12 2.5%I 5%344 words
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Article91 1977-07-12 4 BOUSTEAD AUSTRALIA has extended Its offer for the minority shareholding in Boustead Unochrome Australia to Aug. 12 from July 13. The company said It held acceptances for 43.8 per cent of the 38.5 per cent of Boustead Unochrome's 3.10 million 50 cent par shares not owned91 words
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Article194 1977-07-12 4 METAL BOX Singapore limited has appointed Mr. Khmg Hang Kin as company secretary and financial manager with effect from June 1977. He Is concurrently the secretary of the company's subsidiary Secure Singapore Private Limited. Mr. Patrick Mowe, director and general manager of the MPH group and president194 words
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590 1977-07-12 4 NYT NEW YORK. Mon. If the hectic pace of the first six months is any guide, 1977 may well go down as the year of the dividend. Companies, looking to attract investors out of the bond market, and to Interest them inNYT - 590 words
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Article1611 1977-07-12 4 ROBERT J. COLE - STILL HOLDING OUT By ROBERT J. COLE NYT WALL STREET'S old guard has virtually disappeared during the troublesome *****, victims of change in the securities business and old age, but there are two prominent holdouts whose names have commanded Instant respect in American finance for generations.NYT - 1,611 words
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COMPANY MEETINGS
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26 1977-07-12 4 THE following company meetings are due: July 14, 10 30 a.m.. Registered Office. Penthouse. 10th Floor, Wlsma Central, Jalan Ampang. Kuala Lumpur.26 words
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Article16 1977-07-12 4 July 14, 11 a.m., 9th Floor. Wlsma Central, Jalan Ampang. Kuala Lumpur.16 words
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Article18 1977-07-12 4 July 14. 3 p.m., Registered Office. 2nd Floor, Ming Building, Jalan Bukit Nanas. Kuala Lumpur.18 words
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17 1977-07-12 4 July 16, 12 noon. Billk Yahya Sanl, 10th Floor, Jaya Purl, Jalan Barat.17 words
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Article14 1977-07-12 4 July 16. 12 noon, at Empire Dock.Keppel Road, Singapore 4.14 words
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Article14 1977-07-12 4 July 19, 11 a.m.. Bangunan MIDF, 117 Jalan Ampang, Kuala Lumpur.14 words
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Article16 1977-07-12 4 lAU.. July 19. 3 p.m., Mac Donald House. Orchard Road, Singapore 9.16 words
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Article20 1977-07-12 4 July 22. 10.30 a.m.. Registered Oftlce, Wlsma Teh Wan Seng. 2nd Floor, 12-B Jalan Bandar. Kuala Lumpur.20 words
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390 1977-07-12 4 KUALA LUMPUR, Mon. Gravel pump mines operating In Malaysia are running at a loss even though the average price of tin has been as high as $1,474 per plcul during the past five months. This is mainly due to the high operating costs.390 words
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Article61 1977-07-12 4 KAMUNTING TIN Dredging Bhd. and Malayan Tin Dredging Bhd. will be quoted on the Kuala Lumpur Stock Exchange from July 12. The two companies were formed last year under schemes of arrangement, which transferred the residence of Kamunting Tin Dredging Ltd and Malayan Tin Dredging Ltd61 words
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760 1977-07-12 4 NYT NEW YORK, Mon. When the American Electric Power company came to market recently with $198 million worth of common stock, the utility accomplished a notable feat on two counts. It was the largest sale of electric utility common stock ever,NYT - 760 words
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Page 4 Advertisements
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Advertisement476 1977-07-12 4 MAIAVsiAN BUSINESS, tho monthly economic business journal, oilers you In its JULY 1977 issue: 21 YEARS AFTER FTvT .DA comes of age this month. Nearly a quarter million people have been settled on its 186 land schemes, having developed some 870,000 acres during the last 20 years. This year, another476 words
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INTERNATIONAL COMPANY NEWS
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252 1977-07-12 5 Reuter PERTH, Mon. Loading of Mt. Newman Mining iron ore resumed at Port Hedland over the weekend after the end of a Ave-week-long strike at Midnight last Friday, a company spokesman said here. One vessel sailed today and two more are loading,Reuter - 252 words
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102 1977-07-12 5 Reuter MELBOURNE, Mon. Broken Hill Pty (BHP) said it has a 20 per cent stake In a consortium led by the Burmah Oil Group which will drill for oil in Seychelles waters BHP said Seychelles President Mr. France Albert Rene signed the first agreementsReuter - 102 words
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Article89 1977-07-12 5 Reuter PERTH, Mon. Exploration companies will spend about AsB.s million searching for oil on three onshore exploration permit areas in the Canning Basin south-east of Derby, Western Australian Mines Minister Mr. Andrew Mensaros said. The Government approved the programmes in the 45,200 square km areas. TwoReuter - 89 words
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319 1977-07-12 5 EUROPEAN COMPANIES Reuter ZURICH, Mon. OerllkonBuehrie Holding finance manager Mr. Ernst Winkler denied a press report suggesting that the Swiss arms manufacturer would buy a controlling Interest in the Bally show group. Mr. Winkler told Reuters that Oehrlikon-Buehrle has never been actively interested inReuter - 319 words
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Article289 1977-07-12 5 PARIS. Mon. ComD&snle Generale des Establlsse ments Mlchelln, the holding company of the giant French Mlchelln Tyre group, has announced that net group consolidated profit rose by 85 per cent to 754 million frants In 1976, compared with 408 million in 1975. The group's sales also289 words
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91 1977-07-12 5 Reuter TURIN, Mon. Flat said It agreed a new contract with the Metalworkers' Union increasing wages and promising 5,000 new lobs by 1980 In Southern Italy. Under the agreement, which followed five months of negotiations. Flat will provide the new lobs byReuter - 91 words
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Article36 1977-07-12 5 Reuter AMSTERDAM, Mon. The Amev US$4O million issue, due to 1978/87, with a coupon of eight per cent has been priced at par. Pierson, Heldring and Plerson said. The issue was closed successfully. ReuterReuter - 36 words
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85 1977-07-12 5 Reuter PARIS, Mon. Office Cherlfien des Phosphates (OCP) will become the principal shareholder in Gazocean by a capital subscription of 30 million francs, Gazocean said. A total 75 mlTUon francs will be subscribed, with Alsthom Atlantique contributing 16 million, Chantlers de la Chiotat eight million andReuter - 85 words
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Article31 1977-07-12 5 Reuter PARIS, Mon.— The Banque Nationale de Paris US$5O million Eurobond, due 1982, will be issued at par with a 1% per cent coupon, a BNP spokesman said. Reuter.Reuter - 31 words
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Article102 1977-07-12 5 Reuter LONDON.Mon. Interest on the seven year US$5OO million syndicated credit for the Kingdom of Denmark has been set at 1 Mi per cent over London interbank Eurodollar offered rates for the first 3Yt years and at 1% per cent above Libor thereafter, Eurocurrency sources said. TheReuter - 102 words
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Article31 1977-07-12 5 BONN, Mon. —The govern-ment-owned Lastenausgleichsbank 200 million mark 10-year 6.5 per cent loan is priced at par, a bank spokesman said. The issue goes on sale on July 12.31 words
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Article58 1977-07-12 5 Reuter MILAN, Mon. Industrie Pirelli made a net profit of 11.82 billion lire (net loss 1.9 billion) in the financial year ended April 30. 1977. The company said the improvement compared with the preceding financial year ig due to the managerial recovery realised by Industrie Pirelli. TheReuter - 58 words
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Article36 1977-07-12 5 LONDON.Mon. rhe Kan-sallis-Osake-Pannkl of Finland US$3O million floating rate Euronotes at par will carry a coupon spread of V 4 per cent above the six months London interbank offered rates, lead manager European Banking said.36 words
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184 1977-07-12 5 COPENHAGEN, lion. The East Asiatic Company, Scandinavia's largest trading- group, Is prepared to Invest up to US$5O million in the US In the Immediate future, chairman and chief executive Mr. Mogens Pagh said In Vancouver. Mr. Pagh said that things were going better economically184 words
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Article99 1977-07-12 5 Reuter LONDON. Mon The Deutsche Aussenhandels Bank of East Germany has signed a US$l5O million six-year syndicated loan agreement with a group of banks led by Bankers Trust International, Eurocurrency sources said. Interest on the loan, which carries a three-year grace period, has been setReuter - 99 words
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Article116 1977-07-12 5 Reuter LUXEMBOURG, Mon. The European Investment Bank said It changed to a flexible from a fixed Ihterest rate system for Its mixed currency loans, to bring Its lending more Into line with Its borrowing rates. An EIB spokesman said mixed currency or cocktail loans coverReuter - 116 words
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Article69 1977-07-12 5 LONDON, Mon. The Banque Exterleure D'Algerle said It will offer US$25 million five year capital notes with an expected nine per cent coupon through a management group Ted by Union ae Banques Arabes et Francalses and Kuwait International Investment (Sak). Provision Is made for a purchase fund69 words
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887 1977-07-12 5 NYT SAN FRANCISCO, Mon. A new mystery in the affairs of the late Howard R. Hughes has come to light with the disclosure In court documents filed In Wilmington, Del., that about US$6OO million in cash went out of the industrlallsts's liquid assets accountNYT - 887 words
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Article172 1977-07-12 5 NORTH AMERICAN COMPANIES Reuter FIRST CHICAGO CORP ■aid It expects year-to-year earnings comparisons to be more favourable In the second half of this year than in the first six months. Net earnings for the first half-year rose 5.9 per cent from U5552.9 million to $56 million. OperatingReuter - 172 words
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Article84 1977-07-12 5 Reuter ROYAL DUTCH/ SHELL GROUP said the two USbased companies of Its Bllllton Group Billiton Trading Company and Montanore merged to become Billiton Metals and Ores USA. N The main business of the new company will be selling tin, tantalum, copper, zinc, lead and associated minor metals,Reuter - 84 words
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Article39 1977-07-12 5 Reuter WORLD BANK plans to offer US$75O million of notes and bonds. The offer will consist of $250 million of notes due 1982, $250 million of notes due 1987 and $250 million of bonds due 2002. ReuterReuter - 39 words
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Article112 1977-07-12 5 Reuter RCA said It developed a new model of Its mini-state television antenna system which can operate from either a 12-volt direct current (DC) or 120-volt alternating current (AC) source. Other models operate on 120-volts only. RCA said the new model was designed for recreational vehicles,Reuter - 112 words
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Article116 1977-07-12 5 Reuter STANDARD OIL of OHIO said its Sohlo Pipeline unit has intervened as a party to a suit brought by Mobil Alaska Pipeline in the Fifth Circuit Court of Appeals. The suit involves a challenge by companies to the Interstate Commerce Commission's power to suspendReuter - 116 words
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Article34 1977-07-12 5 Reuter SALOMON BROTHERS said It has terminated the syndicate for the US$2OO million of New York Telephone 7 7/8 per cent debentures, due 2017, Initially offered at par on June 14. ReuterReuter - 34 words
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207 1977-07-12 5 UK COMPANIES Reuter PRE-TAX profit at Thorn Electrical Industries Increased from £74.42 million to £103.68 million for the year ended March 31, 1977. The 39 per cent growth In pre-tax earnings was achieved on sales of £1.04 billion, up from £845.19 million previously. TaxReuter - 207 words
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Article61 1977-07-12 5 Reuter SELECTION TRUST has raised to US$5O million from $40 million its issue of 12-year bonds on the Eurobond market because of heavy demand, a spokesman for lead manager Morgan Orenfell and Co said. The bonds will have an average life of 10.45 years and are expected toReuter - 61 words
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100 1977-07-12 5 Reuter NET UK capital Issues In June fell to £177.6 million from £185.5 million in May, Bank of England figures show. Gross Issues rose to 297.2 million from 265.3 million while redemptions rose to 119.6 million from 79.8 million. Net Issues by UK borrowersReuter - 100 words
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667 1977-07-12 5 NYT NEW YORK. Mon. A government suit brought last week in a federal court in Hartford, Conn., Involving the fight by United Technologies to obtain control of Babcock and Wilcox raises Imponderables for Investors. The Connecticut action is regarded by some lawyers as redundantNYT - 667 words
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428 1977-07-12 5 NYT INDIANAPOLIS, Mon. The Curtis Publishing Co. has sold Holiday Magazine to Sheldon Shane, a floral park, L.I. publisher of. another established travel magazine called Travel. The sale, equivalent to US$l.2 million In cash and payable over the next year, was approved In IndianapollsNYT - 428 words
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Page 5 Advertisements
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Advertisement187 1977-07-12 5 Go on Advertising a washing machine in a newspaper read by businessmen? Unorthodox but evidence shows men are often involved in the decision-making process, so we thought it appropriate to say this. Point 1 A washing machine may not be the world's most exciting gift but it's one of the187 words
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Article2274 1977-07-12 6 Hid 1017 Law UJ +srGfa r Dlr •Nrr <k*s f KM pm Vsl cm mfu. ■CnONONI INDUSTRIALS 154 130 304 96 215 101 108* 163 210 302 136 127 172 58 212 57 155 152 182 350 Acma Ac ma A Alcorn Allied Choc Bat* Ben Boustead2,274 words
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Article1475 1977-07-12 6 BID and offer price* officially listed and bualnees In and reported to the Stoek Exchange or Singapore yesterday with the number of shares traded shown An brackets In lots of 10M units (unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board1,475 words
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Article1612 1977-07-12 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise, specified INDUSTRIALS Aaaaa (1.808), XD. A|tnamate (S.00B). H—> (IMB I.BM> (1) 1.83, (S>1,612 words
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Article52 1977-07-12 6 STRIKING price* ot tbe stock option* officially Ikied oa tbe Stock Exchange of Singapore, the period*. M aad offer prioee and husiueo* done yesterday, with the number of options traded abown in brackets. lachcape (Sept $2.40) (0.13B). (Dec $2.40) (0.15B). Nat. Iron (Dec $3.00) (0.08B). U. 0.8. (Dec52 words
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Article138 1977-07-12 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Nmm 1 prices for July It) (Current p rices) IN 1.12 The Commerce 1.70 1J0 The Savin* Fund I N 1.01 INCOME BOND 8 pare Prof Fund 0 85 0.M SJnrt Security „r und >•* 8 pore Invest Fund 100 l.Nad MARA138 words
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Article98 1977-07-12 6 B OT 8 1/2% 1981 (100,009) (102%8 103*8) B O T 7 5/8% 1984 (100,000) (98%8 99*8) Credit Lyoonaia FlMtfa* 1983 (100.000) (98SB 995) DBS Convert* 6 1/2% 1991 (100.000) (WWB 098) D B 8 8 1/2% 1982 (100,000) 4101*8 1011*8) EIB 9% 1982 (100.000) (103ViB IM%B> E98 words
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Article99 1977-07-12 6 Rep Spore D Mark 7% 1982 (100.000) (100%8 101 *8) S 1/4% 15/7/78 250,000) (101.508 101.578) 4 3/4% 1/5/79 (250,000) (100.808 100.908) 5 1/4% 15/18/79 (250,000) (101.808 101.958) 5 3/4% 1/1/78-8® (250.000) (101.708 101.808) 3/4% 15/8/80 (250.000) (104.00B) 8 3/4% 1/12/88 (250.000) (104.00B) 5% T« 15/4/81 (280.000) (101.75B)99 words
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Page 6 Advertisements
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Advertisement87 1977-07-12 6 I L<l ir' wst'i <£&. %jg*« trmd^'UMk tNROt with mm PUBLICATIONS HOMt SJUIMS DIVISION for K is;-, :v fiM's Ai LIT PTA ERA MA SOU NET W)lsey Hall K- *J 'i Professional Courses Academic Courses Degree Courses Business Administration Courses Wtf-% r. v wmm .4- LJ &*fh m IT j§pi87 words
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Article, Illustration632 1977-07-12 7 STEADY conditions prevailed on the Stock Exchange of Singmpore yesterday. Blue chips and the usual market favourites occupied the front lino in moderate trading as Interest shifted from industrials in the second section to those in the first. Brokers said that institutional and other big buyers wore632 words
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Article375 1977-07-12 7 MOST SHARES closed steady In active trading on the Kuala Lumpur Stock Exchange yesterday. Appreciative gains were recorded by a large number of second liners and a fair proportion of higher-priced stocks Operators were generally encouraged by the fair spread of trading Interest across the board375 words
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817 1977-07-12 7 Reuter NEW YORK, Mon. Bond prices retreated over a broad front in nervous trading last week. Losses among intermediate issues ran to about Eoint and longer-dated isues were off about Y» point. A major concern of the market, dealers said, is the fearReuter - 817 words
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INTERNATIONAL STOCK MARKETS
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Article368 1977-07-12 7 HONOKONO: The market closed little changed on very low turnover. In fairly quiet trading, dealers aald on Monday. The Hang Seng Index slipped 0.34 point to close at 435.64. Honckoa* Bank rose 10 cents to $18.20 and Hutchison 2.50 cents to $3.40. while Hoackoac Lea* fell five cents to368 words
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Article413 1977-07-12 7 SYDNEY: The market was steady In dull trading ahead of the result of the July loan, dealers said on Monday. The Bydney All-Ordinaries Index lost 0.32 to cloae at 452.70/ BHP closed steady at 96.10 following settlement of the Mt Newman strike while Its partner In the venture, CBR,413 words
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Article501 1977-07-12 7 TOKYO: Prices roee on buying on Monday following the ruling Liberal-Democratic party's better than expected performance in the upper house elections, although late profit taking pared some early gains, dealers said. The Dow Jones average gained 21.61 to close at 5.079 27 wlth volume 26 million shares. The New501 words
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Article162 1977-07-12 7 MANILA: The market closed mixed on Monday, with oils and commercials slightly higher while minings eased, dealers said. Turnover (ell to 3.46 million pesos from Friday's 4.43 million. Atlas rose one point but Lepaato lost a point and other mining Issues were steady. Oriental led oils higher with a162 words
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Article106 1977-07-12 7 JUL* II BahU Ada Fibre 186 •1 Bangkok Bank 329 ♦J Bangkok Invest. aoo ♦4 Bangkok-Metro-politan Bank Bata MO ♦5 BerllJucker 314 -S Charoong Thai 114 Wire ♦I Dumex Dustl Thanl 204 Faber Merlin First Truat Indo-Thal 1906 Industrial Finance Corp 1215 10 J And J Ho 239 ♦3106 words
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313 1977-07-12 7 FT TEL AVIV. Mon. Net earnings of Israel's banks last year amounted to a return of 20 per cent on capital against 20.5 per cent in 1975 but an Improved return is expected this year, according to the controller of banks, Mr. O. Messer.FT - 313 words
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853 1977-07-12 7 NYT NEW YORK. Mon. The common stock of the American Telephone and Telegraph Co. sold last week within a point of Its 1977 low of 01 7/8. Does that mean the bell finally is tolling for Ma Bell and for telephone stocks inNYT - 853 words
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Article83 1977-07-12 7 Reuter JOHANNESBURG. Mon. Union Corp declined comment on Johannesburg Stock Exchange speculation that the company has found new mineral deposits including gold and uranium. Union Corp's share price rose 23 cents to 400 cents on the stock exchange yester- day on the speculation, dealers said. UnionReuter - 83 words
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986 1977-07-12 7 C. H. FARNSWORTH - By C. H. FARNSWORTH NYT ANY BANK with a national charter must Join the Federal Reserve system. But, to drop out, all the bank has to do Is order Its lawyers to draft a new state charter. A state usually welcomed theNYT - 986 words
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Page 7 Advertisements
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Advertisement93 1977-07-12 7 stmt a BRimtß turn v. v„ RMwe* t- mmmmm 14xS'8ll^Ki Wmm^m •<*• 1 M^HWi iffi r 4 2 ■\r.*sy. V mmtm j... m&fC "--t.. S a Pfffl IfiiSSr Hi psggsHg---vm s N X n G /3cf NOW Posf f/i/s coupon for a FREE PROSPECTUS A- <1 V 5. V r.93 words
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COMMODITY REPORTS AND PRICES
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Article313 1977-07-12 8 OPENINO quotations In the Singapore rubber market yesterday were marked down 0.75 cent following lower London advices but later the market recovered on nearby demand, dealers said. Forwards, however, notably Oct/ Dec 1977, lost slightly on increased offering. Towards the morning close, trading was very313 words
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Article212 1977-07-12 8 BANGKOK, Mon. Indicative prices quoted here were (US dollar* per torn* fob but* Banckok) White Rice 100 per cent let daw MS 100 per cent 2nd 287 100 per cent 3rd 283 5 per cent 274 10 per cent 290 15 per cent 247 20 per cent 244 2S212 words
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Article26 1977-07-12 8 Rubber: July 11 Singapore: August: 189.75 eta (unchanged) Malaysia: Au|uit 190.75 cts (unchanged) Tin: $1,550 (up 929) Official offering: 245 tonnes (up 10 tonne*)26 words
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Article294 1977-07-12 8 Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S prompt F.O.B. 188.50 189.50N 188.25 189.2&N Int. 1 R.S.S. August 190.00 190.50 189.75 190.25 Int. 1 R.S.S. September 192.00 192.50 ***** 192.25 Int. 2 R.S.S. 188 00 180.00N 187.50 188.SON UK/Cont 187 00 188.00N 188.50294 words
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Article78 1977-07-12 8 Ji Aagvet R.A.8. (Cam at Mtk) (ParwaH Mtk) -a Mlan *rkK> Bajnti (MU »«kO 3SR20 (1-ton Pallet*) 191.00 103.0QN 102.00 1M.00N S8RS0 (1-ton Pallet*) 180 00 191.00N 100.00 192.00N M.R.E.L.B SMR5CV (1-ton Pallet) 212.75 214.75N 121.75 214.75N SMR5L (1-ton Pallet) 210.23 212.2SN 210.25 212.25N 3MR5 (l-ton Pallet)78 words
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Article78 1977-07-12 8 LONDON, Mon. Terminal sugar established first call gains of £0.10 (near October at £114.50) to L"0.55 possibly on hedge covering, shortcovering against the Moroccan buying tender result. But prices eased off In dull opentrading. they added. Both the London dally raws and whites prices were unchanged at l'los and78 words
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Article310 1977-07-12 8 THE usual Monday lull prevailed in the Singapore commodity market yesterday when price indications from overseas proved to be the main deterrent to trade. Some inquiries received from a few European outports bore incompatible prices and therefore resulted In no deori. This was particularly true of the coffee310 words
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Article167 1977-07-12 8 LONDON, Mon. Coffee futures continued to firm after the opening call and by mid-morning showed gains of around £70 per tonne. At the end of the opening call, gains of £57.50 (July at £2,380) to £12.50 were registered In a volume of 104 lots. Dealers said the rise reflected167 words
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Article181 1977-07-12 8 LONDON, Mon. Terminal cocoa was £32.50 to £20 higher at the opening call with spot July staging an exceptional advance of £41.50. But prices later eased back in thin trading under isolated long liquidation and Jobber profittaking. dealers said. They said early sentiment was influenced by weekend press reports181 words
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Article275 1977-07-12 8 HONGKONG, Mon. The cotton futures market closed mixed on lack of buying Interest, in fairly quiet trading, dealers said. October and July rose 0.35 and 0.73 US cents respectively, while other months fell 0.07 to 0.28 cent. Total turnover fell to 23 lots from last Friday's 24. HONOKONG275 words
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Article105 1977-07-12 8 LONDON, Mon. Copper wlrebars in the momine gained £5.00 for cash and £8.50 for Three Months. Values advanced on the pre-market under general shortcoverlng encouraged by the continuing copper strike situation in the US, weaker sterling, and today's sharp advance in tin, dealers said. Three Months traded upto £754105 words
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Article76 1977-07-12 8 LONDON, Mon. Lead In the morning advanced by mostly £7.00 per tonne. Prices extended the gains seen during Friday's late kerb, on shortcoverlng and fresh buying encouraged by the general trend In base metals and a US trade publication report of Chinese Interest in purchasing some 5,000 tonnes of76 words
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Article178 1977-07-12 8 IN the Singapore goldmarket yesterday, the kllobar opened at around Saturday's level of Bfll r S2O and drifted lower on lack of supBrt to ctoee at the low of 11.275. In the loco London market, the metal opened In aulet conditions at U*****.90/141.20 and turned weaker on some liquidation178 words
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Article181 1977-07-12 8 THE Straits tin price In Penang yesterday was up 529 to $1,550 on an official offering up 10 tonnes to 245 tonnes. Covering and Increased consumer demand were the main factors behind the price rise, dealers said. Business was active. In LONDON yesterday morning, tin rose by181 words
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Article94 1977-07-12 8 LONDON. Mon, Silver In the morning gained 0.8 to l.lpence per troy ounce. The trend In base metals together with currency factors aided the tone in the face of lower gold, dealers said. The bullion dealers fix also provided support. The further sizeable drop of 1,230,000 to 23,880.000 troy94 words
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Article54 1977-07-12 8 LONDON, Mon. Zinc In the morning rose by £4.50 Sr tonne for cash and £5.00 r Three Months. Early gains stemmed from sympathy with the trend In copper and Three Months traded up to £328 before hedge-selling pegged the position back to £325.50 on the kerb. Sales were 2,27554 words
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224 1977-07-12 8 TEHERAN, Mon. Iran's proven copper reserves now exceed 850 million tonnes following exploratory drilling at Bar Cheshmeh, In the southern province of Kerman, National Iranian Copper Industries (NIC3C) managing director Taghl Tavakoll mid. A year ago, the proven reserves were put at 450 million tonnes.224 words
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Article188 1977-07-12 8 ATP TAIPEH, lion. Taiwan will sell 50,000 tonnes of rice to Indonesia, according to the Taiwan Provincial rood Bureau. Delivery will be made in August, a spokesman of the bureau said. Total export will be worth USfll.B million. This will be the first rice export from TaiwanATP - 188 words
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Article37 1977-07-12 8 Reuter WASHINGTON, Mon. China may be forced to purchase more wheat If crop prospects show any further deterioration In the north and northeast part of the country, the US Agriculture Department said. Reuter.Reuter - 37 words
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1148 1977-07-12 8 AFP LONDON, Mon. Indecisive trading continued on the commodity markets last week, with prices moving erratically, although less so than In the previous week. The holiday in the United States on Monday meant a quiet start although business gradually Improved later. Among base metals, copperAFP - 1,148 words
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MONEY AND EXCHANGES
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Article524 1977-07-12 8 SINGAPORE'S interbank money market continued to hold at the five per cent level for overnight money yesterday with term rates showing no signs of budging. Opening at the 5* per cent level, the overnight rate was quickly traded to the AV» per cent level by noon before rising to524 words
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Article103 1977-07-12 8 Asian rates It II icy IfH in m on fuXy 11 tartaank UiMai »(*>■'! 0** ■U Tdmm 1 atb 51/2 SI/16 2 mttu S11/18 J mttu sa/4 mtla 1/4 I/I t mtru evie 12 mttu fc.rn. Dm. 1 nth 41/1 2 mttu BUM 11/4 41/1 4 via 12 mttu 41/1103 words
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Article38 1977-07-12 8 RAMOS of arte* offend by dlacou bouaM on /utr 11 Ovemiftit T* Call dapotft 9H CUataC Bmy S-Month TraMury 3 X% Mfcxitu Banks (Alb 41/11 41/U 5-Month CD 4* 4* 4-Month CD Source: National Discount Co. Ltd.38 words
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Article75 1977-07-12 8 Euro rates LONDON, Mon. Trading in Eurodollar depoelts was fairly quiet at the outset, dealers said. Short rates opened barely changed, with the blanket rate of 5H 5* quoted for all positions. LOUDON ZurodtpotUi op*nin« «MM on Juij 11 08 Mv Overnight 5H51/1 Settndajr* fix and notice S VI 1/175 words
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Article279 1977-07-12 8 LONDON, Mon. The US dollar eased against the mark and the yen, extending last week's decline In nervous and thin early trading here, dealers said. Though positions were taken against the dollar here on Friday, selling In New York on Friday and in the Far East this morning prompted279 words
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Article106 1977-07-12 8 TOKYO. Mon. The dollar for overnight delivery stood at 264.55 yen at midday after opening at 264.50, compared with 264.90 at Friday's close, with no central bank Intervention evident, dealers said. The US unit moved between 264.35 and 264.70 In moderate trading, with many operators awaiting indications of the106 words
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Article129 1977-07-12 8 HONGKONG. Mon. The US dollar fell to 2.2965/75 marks from New York's Friday mid-point equivalent close of 2.3020, after easing to around 2.2990/00 during the morning and falling further in the afternoon on selling by some local banks, dealers said. Trading In marks was active, while in slightly quieter129 words
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Article47 1977-07-12 8 AUSTRALIA/NZ exchanges on July 11 AwtnMt: Sterling O IHM MM OS dOMr l.UN/l.lM mall bujrtnf rates 08 a? 1.1401 Ninety-dm forward bujnnc rata*: Stertinf O HO OB doftr > New Zmnd: Sterling OMU/OM22 OS dowr 0 rm/0 JM7 Nlnety-dajr forward rate Sterling 0 MM OSdoilar o wn47 words
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Article36 1977-07-12 8 FRANKFURT, exchanges opening quotes on July 11: US 2 25M/60 Can 2.101/41 UK IJtMtt McUtSSWIS SwtU M 05/15 Italy tMtmi Prance 41 15m Norv 43.32/40 Belt (com) 6 432/422 Belt (fin) 5.41/42 Japan 0 8110/2836 words
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Article305 1977-07-12 8 LONDON, Mon. Straight Eurobonds were generally little changed in the usual slow Monday start to trading, dealers said. Convertible bonds traded steady to a shade harder in moderate turnover and floating rate notes were little changed. LONDON Eurobond price* on July 11 Austria 8* 90 101* Bed Canada305 words
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Page 8 Advertisements
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Advertisement191 1977-07-12 8 i MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE rT ASM RESEARCH BULLETIN This unique publication offers businessman each month a comprehensive guide to the latest developments that hove taken place in all important sectors of the economies of countries in East and Southeost Asia. The Bulletin191 words
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TRANSPORT AND COMMUNICATIONS
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522 1977-07-12 9 NYT BALTIMORE, Mon. A new type of vessel designed to bypass shipping Jams at west Asian ports through the ability to handle and land large items of bulk cargo quickly at ports or beaches has begun service from two east coast US ports. ThoseNYT - 522 words
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Article102 1977-07-12 9 Daewoo PITC 'special pact' Reuter MANILA, Mon. The Philippine International Trading Corporation (PITC) and South Korea's Daewoo Industry have entered into a "special partnership" in shipping, manufacturing and trade, PITC officials said today. They said discussions had started on how Daewoo, South Korea's second largest private trading company, could assistReuter - 102 words
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Article76 1977-07-12 9 Reuter NEW YORK, Mon. CTIContainer Transport International, Inc. has published its 1976 annual review. The report illustrates that for CTI, 1976 saw the culmination of a five-yaar {)lan of growth and deveopment designed to prepare the company for the expanding challenges and opportunities of international containerReuter - 76 words
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213 1977-07-12 9 Reuter LONDON, Mon. A plant oil platform slipped slowly out to sea this weekend from the Ardyne Point construction yard on the west coast of Scotland, leaving the yard facing an empty future. Of the eight yards built at the beginning of Britain's NorthReuter - 213 words
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Article189 1977-07-12 9 KYOSEI Kisen K.K. ("4K"), was established in 1938 as a private company with only one small 722 dwt freighter. Today, the company owns about 14 loggers, under the Japanese flag, ranging from 6,000 dwt to 35,000 dwt, with an average age of only around three years. In addition,189 words
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93 1977-07-12 9 Reuter SYDNEY, Mon. Volkswagen Australia Pty Ltd cut the prices for Its imported car range by 8 to 10 per cent to stimulate sales, managing director Doug Donaldson said. The cuts, effective today, apply to the Golf, Passat, Audi Fox, Kombi and Campmobile vehicles.Reuter - 93 words
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101 1977-07-12 9 PORT KLANO, Mon. Communications Minister, Tan Sri V. Manlckavasagam, met leaders of the Klang Port Authority Harbour Workers Union to discuss their grouses here this evening. The Minister will also have talks with leaders of the Port Authority Staff Union (Pasu) in connection with the101 words
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Article, Illustration391 1977-07-12 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Akihlro Maru (JERR) (0630 27/28 Bunga Setawar (0600) 19 Buntenstein (0700 after Xlu Shan) 18 Bosna (after Benloyal) 10/11 Chidambaram (0900 after Tamuraeverett) 42/43 Golden Globe (0600) 25/26 Hoegh Pride (after Taimyr) 1/2 Kenlngau (1) (1700) 24 Kenlngau (11) (2300 shifts after Sebarok)391 words
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Article, Illustration344 1977-07-12 9 LOCKHEED-California Company is developing an X-shaped wing that rotates for vertical take-off like a helicopter and then locks In place for high speed horizontal flight. Under a US$2.5 million (Ss®. 2 million) programme, Lockheed will build and ground-test a full-scale 7.0 m344 words
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Article96 1977-07-12 9 SINGAPORE Slipway and Engineering in Tanjong Rhu has come up with another first in the local field of shipbuilding and repairing. Last Friday, the company delivered the well head maintenance vessel, Adollna 1, to its Singapore purchaser. Peschaud International. The 55 dwt. vessel Is said to be96 words
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Article45 1977-07-12 9 Reuter PARIS, Mon. Renault's newly merged Industrial vehicle division plans to raise its share of the French industrial vehicle market In the next five years to 55 per cent from 50 per cent and greatly expand exports, divisional director Francois Zannotti said. Reuter.Reuter - 45 words
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Article546 1977-07-12 9 ARRIVALS 8errke Lml Opvmi CAL TMA OIA SIA OIA OIA SIA RBA CI 331 TL303B OA960 SQ2U OA944 GA908 SQ240 BI32S r na 0040 0215 1030 1045 1055 1100 1140 1155 TPE/HKO/KUL BEY/DXB/BOM/ KUL HLP HLP PKU MES MES BWN SIA CPA MAS 8IA OIA MAS SAS546 words
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Article168 1977-07-12 9 TO keep Its plant working during the lull in offshore oil exploration, Bethlehem Singapore has diversified into fabricating structures for ore extraction work In West Africa. It recently fulfilled another order from its subsidiary, Sierra Rutlle, for fabricated members for cone and table plants which will form part168 words
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Page 9 Advertisements
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Advertisement93 1977-07-12 9 Copies Sold 24,000 23,000 22,000 21,000 20,000 19,000 18,000 17,000 16,000 15 000 14,000 CLIMB WITH US No, this is not a graphic study of the Himalayan mountains. It is a twelvemonth study graph of Fanfare's almost-meteoric rise in circulation in Singapore alone. A 6,820 increase in the last three93 words
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Article, Illustration1489 1977-07-12 10 V.K. Chin reports on the setting up of the Palm Oil Registration and Licensing Authority. MALAYSIA'S oil palm Industry can look forward toa more dynamic and orderly development with the setting up of Porla, the Palm Oil Registration and Licensing Authority. It Is due to1,489 words
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Article584 1977-07-12 10 KENNETH CHEW - KENNETH CHEW IN Business Times of June 30 under the heading "Big Yes To Haw Par Capital Reduction," the Chief Financial Officer and the Managing Director, In reply to a member's question about the effect of the capital reduction, stated thatr 1. The act of reducing584 words
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Article973 1977-07-12 10 DAVID CONRAD - ASEAN LOOKS TO WEST ASIA The Arabs have now got to much of the rest of the world's money that it needs a new phrase to describe it the petrodollar mountain. Developing Asian countries would like a bigger share of it, and the Arabs would likeFT - 973 words
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Article, Illustration979 1977-07-12 10 RONALD COCKING - The Spaniards are hoping that they have finally succeeded in getting over the Civil War and its aftermath, by voting into power a loose alliance of moderates, giving the Communists enough seats to save their face but no real power, and the Fascists nothingFT - 979 words
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Page 10 Advertisements
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Advertisement248 1977-07-12 10 while stocks Isst! CHINA fcri j/mSFgBBX $125/The Times AMm of China Is tar mora than a collection of detailed, up-to-deto mepe. It la an informative, general guide to modern China the land itself, end the economy and peoplee It auttaim. The Atiee contains mape of Chine's hlatorlcal development, from pre-hietorlc248 words
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458 1977-07-12 11 AFP KUALA LUMPUR. Mon. The Malaysian International Shipping Corporation (MISC) will soon embark on a full contalnerisation service to Australia. MISC assistant general manager (overseas), Billy Tan. said today two vessels would be put on the service sailing between Malaysia, Singapore. Hongkong, Taiwan andAFP - 458 words
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302 1977-07-12 11 Reuter AP MANILA, Mon. President Marcos today predicted a reduction of between 15 and 30 per cent in the Philippines' annual sugar production. The President said it was anticipated that annual sugar production might drop to between 2,150,000 and 2,200.000 tonnes. Production thisReuter; AP - 302 words
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Article80 1977-07-12 11 Reuter MANILA, Mon. Some 13 West Asian and Asian countries will be fully linked by the Asian telecommunication network by late 1979, the director of the Bureau of Telecommunications (Butel), Ceferino Carreon, said today. Telex, telegrams, overseas telephone as well as other modes ofReuter - 80 words
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Article110 1977-07-12 11 TWO local oootponioa, Unitoars Virksr ud Natisnal Iron sad Steel Milk, walking together, have tart produced the larfMt alloy stool casting at its typo orer mode in South east Asia. This is a Half Ladder Bracket for a tin dredge being built for export to110 words
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233 1977-07-12 11 Reuter KUALA LUMPUR, Mon. A spokesman for the Malaysian Trade and Industry Ministry, commenting on trade relations between Malaysia and Australia, confirmed Import licences for Australian goods are subject to administrative delays. Domestic trade director Enclk As mat Kamalludln said on June 10 theReuter - 233 words
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Article153 1977-07-12 11 Reuter EXPORTS of sheet and crepe rubber from Slnga- i pore and Peninsular Malaysia rose to 184,004 tonnes in i March from 182,196 tonnes in February and 164,261 i tonnes in March last year, Statistics Department figures showed. Of the March exports (February In brackets),Reuter - 153 words
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202 1977-07-12 11 AFP KUALA LUMPUR, Mon. The visiting Rumanian trade mission today called on the Foreign Minister Tengku Ahmad Rlthauddeen. The six-man team headed by First Deputy Minister of Rumanian Foreign Trade, Mr. Marin Tralstaru, Is here to explore avenues for closer cooperation in the fieldsAFP - 202 words
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Page 11 Advertisements
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Advertisement126 1977-07-12 11 I NLi I I I N GARRY MORE WEIGHT IN BUSINESS TIMES H***' THI m MOMTIM -Tun ttfT MABGM I«r* V S T AND ITS V\ x "6 -s? fl* -t#, <ycr Cr v /A £/,sA 5 *H fISSSg© 'S^SVi p L*e&§? *.v^\\lss> Cpr^«ny «J Because Business Times is read126 words
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922 1977-07-12 12 ASEAN'B LARGEST member, Indonesia, epitomises the problem Asean faces In being overly dependent on external trade. Indonesia depends (or 70 per cent of Its total exports on two Industrial countries which do not export nearly as much in return and are therefore In922 words
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211 1977-07-12 12 BAIL at $250,000 was fixed by the High Court yesterday, for the release of a Jakarta-registered cargo boat, the Labu, arrested here three months ago on a warrant In an admiralty suit. A request for the Labu's release by the owners of211 words
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100 1977-07-12 12 THOUSANDS of tonnes of cargo are being held up In Singapore due to the Industrial dispute at Port Klang. Operations of shipping lines calling here are also being disrupted. Sources here say this cargo Is awaiting shipment to Port Klang. Singaporebound cargo from100 words
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Article68 1977-07-12 12 Reuter PARIS, Mon. French employers federation leader, Francois Ceyrac, said Prime Minister Raymond Barre told him the country's anti-inflation levy will not be payable in respect of the first half of this year because of the serious effort firms are making to fight Inflation. The levy isReuter - 68 words
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Article750 1977-07-12 12 LONDON, Mon The market closed easier and trading was very quiet. Government bonds reduced Iqsses after the wholesale price Index details and relatively lower than expected central government borrowing requirements. dealers added. Falls of up to 1/2 point were reduced by up to 3/8 or less. Equity leaders750 words
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207 1977-07-12 12 KUALA LUMPUR, Moo. Malaysia's current oil production of only 186,000 barrels a day does aot Justify it to be a member of >pec, Prime Minister Datuk Hussein Onn told the Dew an Rakyat today. Replying to Dr. Hoe Tien Lai (NF-Ayer Hitam) during question207 words
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358 1977-07-12 12 UPI HONGKONG. Mon. In an unprecedented move, representatives of a Congressional watchdog body, the US General Accounting Office (GAO), today began assessing the impact of tax increases faced by American businessmen living abroad. Taxation advisers to the American Chamber of Commerce, which hasUPI - 358 words
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198 1977-07-12 12 UPI MANILA, Mon. The Confederation of Southeast Asian Journalists agreed today to expand the exchange of Information and study grants for newsmen In the region. The decision was contained In a joint communique Issued at the close of the five-day session of the confederation ofUPI - 198 words
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692 1977-07-12 12 A LOCAL stock broking firm has produced for the first time a list of stocks rated according to their potential volatility, allowing Investors (and speculators) a chance to minimise their risk and quantify their profits. In the July Issue of Its Investment692 words
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344 1977-07-12 12 UPI TOKYO, Mon. The leader of a US nuclear Inspection team said today it would take the United States and Japan a few months to reach an agreement on whether Japan could begin operations of its nuclear fuel re-processing facility. Dr. LawrenceUPI - 344 words
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828 1977-07-12 12 PETROL companies here seem to be hopping on the self-service bandwagon but there are major differences In their level of commitment as well as their methods of operations. Some companies have only half a foot In the door and they will have to828 words
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321 1977-07-12 12 AFP SUNG EH PADI (Thailand), Mon. The Joint ThaiMalay sla n operation against communists, with a two-pronged attack In the Betong and Weng areas, has a new feature unused by the Thais before. Apart from guns, armoured columns and hellcopter gunshlps, aAFP - 321 words
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265 1977-07-12 12 UPI TOKYO, N«l Japan's ruling Ukfftl Democratic Party (LOP) retained its majority la the Upper House of Parliament today by ealisting throe successful candidates who ran as independents in yesterday's election. Oa its own, the proWestern liberal democrats secured U seats with fourUPI - 265 words
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152 1977-07-12 12 AFP BANGKOK, Mon. Thai Premier Thanin Kraivlchlen has assured the Thai-German Chamber of Commerce that Thailand was economically and politically stable. In a recent address to the chamber, the Prime Minister claimed that the government had received an Increasing number of applications From foreign investorsAFP - 152 words
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176 1977-07-12 12 Reuter BANGKOK, Mon. The Thai Under-secretary for Commerce, Mr. Jareh Chudharatanakul, said Asean had so far this year bought a total of 870,000 tonnes of rice from Thailand, or 530,000 tonnes more than was estimated earlier. The higher rice sale Indicated closer cooperationReuter - 176 words
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Article147 1977-07-12 12 UPI LONDON, Mon. One in five Britons who took foreign holidays last year cannot afford to go abroad this year, said a survey released today. British holidaymakers are feeling the pinch, with one in 20 having to spend vacations in their own homes. "People simply haven'tUPI - 147 words
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Article113 1977-07-12 12 AFP KUALA LUMPUR, Mon. Malaysia will participate actively in the Commonwealth technical working group to study the setting up or a Joint fund to finance price stabilisation schemes for primary commodities. The Prime Minister Datuk Hussein Onn said the secretary general of the Primary IndustriesAFP - 113 words
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Article71 1977-07-12 12 KUALA LUMPUR, Mon. The Income from premiums of Malaysia National Insurance (MNI) is expected to reach MS3O million this year, Prime Minister Datuk Hussein Onn, told the Dewan Rakyat today. He said since its establishment in 1970, the company's income from premiums for general insurance had71 words
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