The Business Times, 19 July 1977
1977-07-19
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The Business Times
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Title Section9 1977-07-19 1 BUSINESS TIMES M.C.<P) 300/1/77 TUESDAY, JULY IS, 1977 SOCENTS9 words
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NEWS IN BRIEF
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Article88 1977-07-19 1 Reuter FRANKFURT, Mon. The US dollar dropped to Its lowest-ever rate against the West German mark today. Dealers said it touched 2.2600 marks fit its lowest point during hectic, late trading. The US currency had opened the day at 2.777 marks in quiet trading but whenReuter - 88 words
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Article78 1977-07-19 1 Reuter TEL AVIV, Mon. Israeli food and public service prices leaped 25 per cent today following drastic new government measures aimed at preventing the collapse of the country's budgetary system. The cuts, announced by the Finance Ministry late last night, swept away a wide range ofReuter - 78 words
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Article82 1977-07-19 1 NICOSIA, Mon. Most officials of the Organisation of Petroleum Exporting Countries (Opec), including those of Saudi Arabia, its most powerful member, are convinced there will be an oil price Increase next year, the usually reliable Middle-East Economic Survey reported today. Meanwhile in Washington President Carlos Andres82 words
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Article39 1977-07-19 1 AFP TOKYO, Mon. Japan's petrochemical Industry is sending a 12-man fact-finding mission to South Korea tomorrow and another to Taiwan In September in an effort to ward off possible export rivalry with Korean and Taiwanese counterparts. AFP.AFP - 39 words
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Article33 1977-07-19 1 AP BRUSSELS Mon. Spain will file for membership In the near future In the European Common Market, according to a spokesman for the European CommlgKi"" the Commonmarket Executive. APAP - 33 words
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Article80 1977-07-19 1 AFP JAKARTA, Mon. The newly created Importers Association for Indonesian New Guinea (Irian Jaya) has warned the central government that It was cheaper to buy In Singapore than in Jakarta because of the higher Indonesian freight rates. In a statement made at Jayapura, the capital city, the associationAFP - 80 words
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Article98 1977-07-19 1 UPI NEW YORK, Mon. Stocks were broadly and Irregularly higher early today In moderately active trading in response to an lncrease In the nation's industrial production. The Dow Jones Industrial average of 30 stocks, however, was out of step with the rest of the market. Shortly before theUPI - 98 words
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Chief Price Changes
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Article, Illustration167 1977-07-19 1 MOST SHARES ruled steady in moderate trading mi the Stock Exchange of Singapore yesterday. A late afternoon bullish rush raised the prices of the more active stocks by as much as IS per cent. The Business Times index finished 14.35 points, MgW at 385.04 and the Straits167 words
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Article98 1977-07-19 1 Rims Most activt Inchcape 1,388,000 Inchcape 2.74 .28 U'di Weaving eooyooo M.B.B.'A' 3.90 .26 Ranriar Ram 541.000 M Mosaics Otympia 1.63 1.1S 2.30 4.06 1.17 +.20. +.10 Utd. (kl) 319,000 Sovran tsar JC-MPH +.1*+.10 +.08 .07 Total Turnover: 6.48M Total Value; M812JMM Indices f Paper Prod C98 words
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Article, Illustration999 1977-07-19 1 QUEK PECK LIM - HELPING GROWTH OF STORE ■y QUEK PECK LIM THE Post Office Savings Bank (POSB) is poised to play a more significant role in the financial development of Singapore. Already a participant In the Interbank money market, the POSB is expected to broaden the range999 words
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423 1977-07-19 1 THE Post Office Savings Bank's recent entry Into the safe deposit box market received a mixed reaction from bankers here. Most feel no Immediate threat by the saving Institution's jnove, although they are conscious of the competition that can be generated If the423 words
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511 1977-07-19 1 THE Port of Singapore Authority (PBA) warned yesterday that It may cut back the amount of space that It had originally allocated to the bonded warehouses scheme. This Is because response to the scheme so far has been poor. To date, only511 words
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428 1977-07-19 1 Reuter MANILA, Mon. The Federation of Aaean Shippars' Councils (FASC) Mid today It had sought a new formula for a fair and reliable basis for a general freight rate Increase by the Far Eastern Freight Conference (FEFC) and Its associated conferences. InReuter - 428 words
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340 1977-07-19 1 JUST over a year after it moved into its new promisee at the Hong Leon* Building. the Stock Eicuiit of Singapore is believed to be eonaidering the poeaibility of moving oat. Thia ia bocaueo a diapute ha a ariaen340 words
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305 1977-07-19 1 Reuter TOKYO, Mon. Japan has promised to consider proposals from Asean for closer economic ties, the government and Asean said today. A cabinet-level Asean mission, led by Indonesian Trade Minister Radius Prawlro, has been here since Thursday for talks before Japanese PrimeReuter - 305 words
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Article213 1977-07-19 1 UPI Reuter TOKYO, Mon. Japan's trade surplus with the United States for the January-June period of this year hit an all-time high of U552.33 billion (8*5.73 billion), the Finance Ministry reported today. No previous record was available. The ministry said that In June atone, Japan's exportsUPI; Reuter - 213 words
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Page 1 Advertisements
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Advertisement30 1977-07-19 1 .+:({~~\+.(@\$??`-}%[_}(?`<<?@. Owmu Nmmt/ TV A LMICiNm la>w>iiwl 0* Nm Onmu Stock* j PT PS Ci—iHtin PS PS Transport ft C»«P4 Boaicati«u ft FMtun PM P» Local Oversea* PC New* Pli, 1130 words
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Advertisement157 1977-07-19 1 Live an extra month this year If you're a top executive working in the city, living in one of oar luxurious Hong Leong apartments saves you an hour a day in travelling, traffic jam and parking hassles. That adds up to a working month a year. The best part is157 words
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Advertisement165 1977-07-19 1 X COPffNG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE Tel *****2 (5 Lines) APS ELECTRONICS (M) SON BHD KUALA LUMPUR Tel *****/******4567 SEE PAGE 2 vgmmm tesadfp Large Factory In Jurona industrial space 11/126 sq. m. Offices, canteen and laboratory 2,053 sq. m. Generous parking and capacity for expansion. Overall site165 words
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OVERSEAS
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253 1977-07-19 2 THE Organisation of Petroleum Exporting Countries' (Opec) oil surplus Is expected to decline over the next few years, according to the Chase Manhattan Bank. This year, reported its biweekly issue, International Finance, Opec's surplus will probably dip from last year's US$3B,OOO million (5593.5253 words
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Article52 1977-07-19 2 AFP BANGKOK. Mon. Thai Commerce Minister Suthee Natvaratat expects Thailand to earn a record 70,000 million baht (558.610 million) from exports this year. The minister said the record high Income would be due to the Increased export of traditional items. Among Thailand's major export items are rice andAFP - 52 words
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623 1977-07-19 2 NYT WABHINOTON, Mon. Intelligence estimates of sharply accelerating Soviet naval strength and ship production were disputed yesterday In a detailed report issued by Rep. Les Aspln. Mr. Aspln, a former Pentagon official and a congressional critic of excess military spending, said "Pentagon projections of SovietNYT - 623 words
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142 1977-07-19 2 Reuter HONGKONG, Mon. Taiwan's Industrial production rose 0.6 per cent in June compared with May to 214.8 and was 12.3 per cent above June last year, the directorate general of budget, accounting and statistics said, according to the Central News Agency. The agency, monitored here,Reuter - 142 words
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Article73 1977-07-19 2 Reuter HONGKONG, Mon. Taiwan had a budget surplus of US$35B million (SsBBl million) for the year ended June 30, compared with Its forecast of a balanced budget for the year and the previous year's $197 million surplus, the Central News Agency reported. The agency, quotedReuter - 73 words
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157 1977-07-19 2 Reuter NEW DELHI, Man. Indian Prime Minister Msrarji Deaai's cabinet, worried by spiralling prices in recent months, met informally today and decided that concerted action was nnneeearj to hold the price-line. Samnchar News Agency •aid that the cabinet decided to summon a conferenceReuter - 157 words
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105 1977-07-19 2 Reuter I QUI QUE (CHILE), Mon. If all goes according to plan, this small Chilean port will soon become a major South American Industrial and trading centre. Having recently become a commercial free zone the only one In the area besides Panama, whichReuter - 105 words
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Article19 1977-07-19 2 AFP AMMAN, Mon. An Australian parliamentary delegation left here yesterday after a five-day visit to Jordan- afpAFP - 19 words
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355 1977-07-19 2 UPI TOKYO, Mon. Japanese steel makers today rebutted American criticisms of the Japanese steel Industry's strong competitive position by declaring that they are either "groundless" or based on "misunderstandings". The Japanese rebuttal came at a news conference held by the Japan Iron andUPI - 355 words
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Article376 1977-07-19 2 TOKYO. Mon. Japan had a preliminary customs clearance trade surplus of U*****.5 million (812,052 million) in June compared with a revised deficit of <75 million in May and a surplus of <283 million in June last year, the Finance Ministry said. This brought the first half-year's376 words
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382 1977-07-19 2 NYT WASHINGTON, Mon. The next-to-last round in the adoption of a new Farm Bill will begin this week In the House of Representatives, with a compromise on the levels of wheat subsidies expected. The Senate has already passed Its version of the newNYT - 382 words
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Article118 1977-07-19 2 Reuter TOKYO, Mon. The Bank of Japan rules out a cut In bank rate at this stage, bank officials said. The officials were amplifying a statement by Bank of Japan Governor, Tellchlro Morlnaga, who said consideration of hasty measures to stimulate the economy was unnecessary.Reuter - 118 words
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291 1977-07-19 2 Reuter SW YORK, Mon. Soviet der Leonid Brezhnev believes that President Carter has broken an International code of conduct and compromised moves towards Bast-West detente, according to a report In the latest issue of Newsweek. Its high-level source for the story was President' ValeryReuter - 291 words
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211 1977-07-19 2 UPI TOKYO, Mon. The Japanese government today proposed that the Rice Price Council raise the producer price of rice by 2.5 per cent to 16,986 yen per 60 kilograms for the 1977 crop year which starts in November, Officials said. TheUPI - 211 words
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405 1977-07-19 2 AP MONTPELEER. (Vermont), Mon. Nobel Prize-win-ning economist, Milton Friedman, has recommended to the Likud Party that Israel halt currency controls and let a free market determine monetary exchange rates. Professor Friedman was selected by Israeli Finance Minister Slmcha Ehrllch to advise the ruling coalitionAP - 405 words
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416 1977-07-19 3 NYT NEW YORK, Mon. A recently completed and detailed analysis of American foreign aid to eight developing countries indicates that the United States Is still providing significant support to regimes allegedly violating human rights. The study, produced by the Washington-based Centre for InternationalNYT - 416 words
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Article138 1977-07-19 3 AP ABU DHABI. Mon. Abu Dhabi's Executive Council has earmarked U5537.5 million (Ss92 million) for building a national library and a hotel In this 011-rlch Persian Gulf emirate, the official United Arab Emirates news agency reported today. The agency said the Government will approach several InternationalAP - 138 words
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283 1977-07-19 3 Reuter LONDON, Mon. The British Government ia likely this week to accept a move towards indexing the tax system. Government sources said that acceptance of the principle will probably come on Thursday during the report stage of this year's finance hill.Reuter - 283 words
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Article43 1977-07-19 3 Reuter SAPPORO (Japan), Mon. A three-week Chinese exhibition on farm, light industrial and handicrafts has opened In this northern Japanese city. 1 The exhibition, which began at the weekend, Is the fourth of Its kind to be held in J:tpan. ReuterReuter - 43 words
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Article, Illustration194 1977-07-19 3 Hope for settlement of Saudi Kuwait oil price dispute Reuter TEHERAN. Mm. baa's chief oil aegetiator Mr. Jaamhid Amouaegar said he hoped Kuwait and Saudi Arabia would he ahlo to ssttle their dispute over heavy oil prieos before the next Opoc ministerial meeting in Caracas, Venesuela, ia December. He saidReuter - 194 words
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Article, Illustration1539 1977-07-19 3 FT LONDON: If those who cannot learn from history are really destined to repeat It, the situation to-day could hardly be more depressing. The echoes of the past are almost deafening so much so that It takes a real effort to concentrate one'sFT - 1,539 words
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501 1977-07-19 3 NYT NEW YORK, Mon. Foreign Industrial Investment In the United States is continuing at the high levels of a year ago, but with a trend now to more joint ventures, or partnerships, by the foreign Investors with domestic companies, according to a ConferenceNYT - 501 words
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607 1977-07-19 3 NYT ROME, Mon. Italy's chief tax collector Is enthusiastic these days because the changes he helped Institute In the nation's tax laws have begun to yield results. Revenues from taxes have increased over 100 per cent in the last three years, Flllppo Maria Pandolfl,NYT - 607 words
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549 1977-07-19 3 NYT NEW YORK. Mon. The United Btates steel Industry Is still waiting for a pickup in capital goods and construction markets. The July Issue of the Morgan Guaranty survey, which led with an article entitled "Government Spending the Sleeper of theNYT - 549 words
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Article218 1977-07-19 3 AFP LONDON, Mon. The recent declining trend of world aluminium stocks was resumed In May when they fell by 35,000 tonne (1.5 per cent) compared with April, to 2,212,000 tonnes, the lowest since December 1974, the latest figures from the International Primary Aluminium Institute revealed. Compared with aAFP - 218 words
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Article77 1977-07-19 3 Reuter NEW DELHI, Mon. India proposes to return to the Soviet Union two million tonnes of wheat borrowed In 1973, Agriculture Minister, S.S. Barnala, told the Lok Sabha. He said repayment in wheat was being considered because of mounting stocks In the country. India has stockpiledReuter - 77 words
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Page 2 Advertisements
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Advertisement203 1977-07-19 2 I I! If i l i Buying a Ridgewood properly meons more thon owning a horn*, h means discovering o whole new luxurious lifestyle, on invaluable investment in your family's future. Visit the fabulous improved MOO ond 2000 show units at Katakauo Rise and see how you should be living!203 words
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Page 2 Miscellaneous
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Miscellaneous308 1977-07-19 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on July 18 at Singapore airport. Maximum Temperature 30.3° C Associated Humidity 75 Minimum Temperature 2S.O°C Associated Humidity 92 Hours of Sunshine 9.90 Rainfall in Millimetres Nil Total Rainfall for the Month 89.2 Total Rainy Days for the Month308 words
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Page 3 Advertisements
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Advertisement174 1977-07-19 3 who'd want a dehumidifier? Quite a lot of people apparently but first let's tell you what a GE Dehumidifier is and how it works. It measures about 52 cm high and weighs about 24 kg. A fan draws in warm, humid air over a refrigerated coil. As the air is174 words
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COMPANY NEWS
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Article580 1977-07-19 4 THE CHAIRMAN of San Imperial Corporation of Hongkong has denied that 15 million of Its shares registered In the name of Fermay Company are held as nominee for Mr Choo Kim San. The chairman Is also a director o f Fermay. In an unsolicited letter580 words
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Article263 1977-07-19 4 Current Ex Date Total for Total for payment Date payable the year prrrloos year Metal Box S'pore 1*1 July 1 July 19 1%I Metal Box Bhd 10% June20 July 19 15% Acma 12%TE July 4 July 20 12%TE 12%TE Central Properties 7.5% June 23 July 21 7.5% 7.5%263 words
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317 1977-07-19 4 KUALA LUMPUR, Mon. The Inchcape Oroup is planning to set up a separate Joint venture company In Shah Alam to manufacture spare parts for motor vehicles assembled In Malaysia. It will be called Automotive Industries Sdn. Bhd. and will Involve an Investment of Mss million,317 words
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Article284 1977-07-19 4 AS PROMISED, Oriental Holdings released its audited results for the year ended Dec 31, 1976 which were delayed by the sudden resignation of the auditor for its main subsidiary, Kah Motors. The latest results showed group pre-tax profit rising by 37.1 per cent to a284 words
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COMPANY MEETINGS
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Article, Illustration42 1977-07-19 4 THE following company meetings are due: July 19,11 a.m., Bangunan MIDF, 117 Jalan Ampang, Kuala Lumpur. TAN SRI NIK AHMAD KAMIL Ma H*ji Mahmood, chairman of Metal Box Bhd., which will hold iU second AGM in Kuala Lumpur today.42 words
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Article16 1977-07-19 4 Lid.: July 19, 3 p.m., Mac Donald House, Orchard Road, Singapore 9.16 words
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Article13 1977-07-19 4 July 22, 2.90 p.m., 4SI Tanglln Halt Road, Singapore.13 words
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Article76 1977-07-19 4 VENEER Products Ltd has appointed Mr. Cfcwee Meag Choag aa a director of the company with effect from July 12. Mr. Georg* Chi—i. director of the U8 Regional Trade Centre In Singapore, will leave on July 22 for a week-long directors conference In London. Mr. Peter J.76 words
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Article443 1977-07-19 4 FUJITEC of Japan is expecting bumper profits for the current year ending Sept 30,1977. The company has estimated that pre-tax profit will rise 11 per cent to 3.16 billion yen ($29.4 million). The profit will be an alltime high for Fujitec, which expects sales to rise443 words
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367 1977-07-19 4 KUALA LUMPUR, Mon. Esso Malaysia Bhd. and Exxon Production Malaysia Inc. have appointed Dr Richard J. Krulrenga as their new chairman and chief executive. Dr. Kruizenga, who Just arrived In Kuala Lumpur, was formerly chairman and managing director of Esso Australia Ltd.367 words
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615 1977-07-19 4 FT LONDON, Mon. Hawker Slddeley, which made an offer last week for the Oardner dlesel engine company, Is not the first big company to cast an eye on this Manchester group. The diesel engine sector is attractive to any diversifying business at the moment.FT - 615 words
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Article1133 1977-07-19 4 ART GARCIA - WHITTAKER'S MANAGEMENT By ART GARCIA FT IN THE early 1970s the gogo age of conglomerates faded and fell, Uttering Wall Street with the carcasses of companies that only a few years earlier had been the darlings of Investors. Earnings were bought and reputations hastily built,FT - 1,133 words
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Page 4 Advertisements
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Advertisement87 1977-07-19 4 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 lIS 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 three87 words
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INTERNATIONAL COMPANY NEWS
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Article259 1977-07-19 5 UK COMPANIES FT ROLLS-ROYCE MOTORS Holdings has dropped Its £11 million bid for Fodens, the special commercial vehicle manufacturer. The offer, stiffly contested by the Fodens board, although it had been increased from an earlier £8.4 million, attracted acceptances only from holders of Just underFT - 259 words
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318 1977-07-19 5 FT IN A series of complicated transactions, three trusts In the stable of the Edinburgh based management company Ivory and Slme are to unravel a part of their Canadian Interests with a view to eliminating the double discount penalty on the stakes as at presentFT - 318 words
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Article46 1977-07-19 5 Reuter DRESDNER BANK said it co-ordinated a mediumterm US$BO million credit for Demlnex UK Exploration and Production and Demlnex Oil and Gas (UK). The credit, guaranteed by Deutsche Eroelversorgungsgesellychaft, will be used to finance development of the Thistle oil field In the North Sea. —Reuter.Reuter - 46 words
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599 1977-07-19 5 FT DETAILS of the scheme to merge Globe Investment Trust and Cable Trust Into the largest UK Investment trust, with combined net assets of £250 million have been finalised. Terms of the merger, which was first mooted In January this year, are based onFT - 599 words
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249 1977-07-19 5 FT THE financial position of the company sector deteriorated in the first quarter of this year, contrary to general expectations of an improvement. The Central Statistical Office annouced that industrial and commercial companies had a financial deficit of £528 million in the first guarter ofFT - 249 words
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568 1977-07-19 5 NYT LONDON, Mon. In 1733, a young bookseller named Samuel Baker, with offices near Covent Garden, issued his first catalogue, offering a choice library of books consisting of history, antiquity, divinity, physics, mathematics, law, novels and romances, etc. This May, 244 years later,NYT - 568 words
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Article501 1977-07-19 5 FT ZURICH, Mon. Shares worth a total of some 50 million Swiss franc have been pledged to the Swissbased shoe concern of C.F. Bally AO by its majority shareholder, the Zurich company Syndikats AO. This stock, Bally general manager Dr. H.R. Bachmann said, will more thanFT - 501 words
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184 1977-07-19 5 N. AMERICAN COMPANIES Reuter. BANKERS TRUST New York Corp. reported lower profit for the second quarter this year, which It attributed to a narrower marfin between the cost of funds and Interest earned on loans. The bank, America's eighth largest, also said ItReuter. - 184 words
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Article160 1977-07-19 5 Reuter CROWN ZELLERBACH CORP said earnings for 1977 should be well ahead of the US$3.BB a share in 1978. The company said It expects second half earnings to compare favourably with first half results. The company said business Is generally more solid now than at theReuter - 160 words
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Article120 1977-07-19 5 ASIAN COMPANIES Reuter MANILA, Mon Private Development Corp of the Philippines (PDCP) plans to float a 10 million pesos bond before the end of this year. Officials said the bonds, part of 50 million pesos of debentures It plans to float, will be a trial Issue In effortsReuter - 120 words
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Article95 1977-07-19 5 Reuter TOKYO, Mon. Sharp Corp said demand for home-use colour video tape recorder (VTR) Is Increasing at a faster pace than expected because of the development of long play video recording tapes and low cost recorders. Sharp recently revised upwards Its estimate of demand for VTRs thisReuter - 95 words
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753 1977-07-19 5 NYT NEW YORK,Mon. Many Wall Streeters look with disdain upon lower-quality corporate bonds known popularly as Junk bonds but their performance In recent years has put to shame the returns achieved within most other securities. "Please don't call them junk bonds," said David Solomon. "INYT - 753 words
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Article255 1977-07-19 5 Reuter MANILA, Mon. The Philippine National Bank (PNB) Is borrowing 300 million pesos from the government and the central bank to repay buyers of Its 100 million pesos preferred shares floated In mid-1978, central bank governor Oregorld Llcaros said. Mr. Llcaros told business reporters the moneyReuter - 255 words
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Article282 1977-07-19 5 Reuter MANILA, Mon. The PNOC-Exploration Corp, oil exploration subsidiary of the state-owned Philippine National Oil Company, is scheduled to start drilling another exploratory onshore well today in the north of the Philippines, a PNOC spokesman said. The well, at Relna Mercedes, 282 km north-east ofReuter - 282 words
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Article182 1977-07-19 5 HONGKONG, Mon. Hongkong Reinsurance and General Insurance, like other underwriters, is operating this year In "increasingly well-fished waters" in the Far East and South-east Asian markets, according to the new chairman, P.O. Williams. But the company Increased gross premium income last year to over HK$2O million for182 words
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104 1977-07-19 5 Reuter MANILA, Mon. British Leyland International is negotiating with a Philippine company, Marsteel, for a possible multi-million sterling Joint venture dlesel engine factory here, informed sources said. A Leyland representative returned to London at the weekend after the latest of a series of discussions withReuter - 104 words
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Article89 1977-07-19 5 Reuter HONGKONG, Mon. Lane Crawford, a Wheelock Marden group unit, said it plans to make a one-for-10 scrip issue and to pay higher dividends for the year ended March 31, 1077. For its "A" shares, the company declared a final dividend of 22 cents (20) making aReuter - 89 words
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Page 5 Advertisements
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Advertisement259 1977-07-19 5 jSe while stocks last! JBM 1 Baw'yi' a i«iigi Bf3fc" $125/The Timea Atlas of China is far mora than a coilaction of detailed, up-to-date mapa. It la an informative, general guida to modarn China the land Itself, and tha economy and peoples It sustains. Tha Atlas contains mapa of China's259 words
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Article2298 1977-07-19 6 1577 High Lew CMfuqr Last Sale Week +erGr» Dtv Dhr C*VT Gr'i Y'M Nat P/E Week Val Weak High Law SECTION ONE INDUSTRIALS 154 204 90 215 101 198* 168 219 392 171 130 172 58 212 57 155 152 182 350 145 Aetna Alcom Allied Choc2,298 words
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Article1578 1977-07-19 6 BID and offer prices officially listed and business In and reported to the Stock Exchanfe of Singapore yesterday with the number of shares traded shown in brackets In lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Bett Big Board1,578 words
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Article1712 1977-07-19 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 industrial* A|lnamata (2 OOB). Alum <1 S3B). A. Crtaa (0 80S) (2)1,712 words
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Article61 1977-07-19 6 <TKIKING prices of the stock >plion> ofTu'tally listed on the "Mock Kxchange of Singapore I he period*, bid and ofTer prices and business done yesterday, with the number of options traded shown in brackets. INCHCAPE (Sept W. 40) (0.268 0.355) (4) 0.25, (1) 0.30 (Dec $2.40) (0.28B) PAN61 words
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Article155 1977-07-19 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' prion for July It) ((.uiraat pr ice* l INCOME BOND 1 06 1.12 The Commerce 1.71 1.81 MARA BUMIPUTRA FUND The Saving Fund S pore Prog Fund S pore Security Fund S pore Invest Fund 099 1.04 0 86 0.81 159155 words
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Article115 1977-07-19 6 B O T 8 1/2% 1984 (100.000) (102 l «B 103*S) B O T 7 5/8% 1984 (100,000) 99*S) Credit Lyonnais Floating 1983 (100.000) (98SB 995) DBS Converts 1/2% 1991 (100.000) (98*B 98%5) D B S 8 1/2% 1982 (100.000) (101 *B 102S) E I B 9% 1982115 words
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Article121 1977-07-19 6 Rep Spore D Mark 7% 1982 (100.000) (100*«B 101 Rep Spore 6 1/2% 1983 (100.000) (98'48 98>*S) Rep Spore 7 3/4% 1987 (100.000) (100 SB 101HS) 5 1/4% 15/7/78 (250,000) (101.508 101.575) 4 3/4% 1/5/79 (250.000) (100 858 100.90S) 5 1/4% 15/10/79 (250.000) (101 958 102.055) C 3/4%121 words
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Page 6 Advertisements
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Advertisement177 1977-07-19 6 Confront Singapore's decision makers in Business Times f For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these177 words
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Article, Illustration628 1977-07-19 7 MOST SHARES ruled steady in moderate trading on the Stock Exchange of Singapore yesterday. Small gains were registered across a broad front during the first hour of trading. It was only in the late afternoon that a bullish rush raised the prices of the more active stocks628 words
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Article388 1977-07-19 7 FRESH buying support for a new group of second-line stocks pushed the Kuala Lumpur stock market significantly higher yesterday. Trading was brisk as the day's total turnover swelled to 6.48 million units valued at $12.2 million from 5.56 million units worth $9.53 million last Friday. Unlike388 words
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Article599 1977-07-19 7 NYT NEW YORK, Mon. Money-supply watchers, an edgy group of late, ordinarily might have been expected to push all sorts of panic buttons last Thursday when the Federal Reserve reported a $3.2 billion Increase in the nation's basic money supply for the latest week andNYT - 599 words
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INTERNATIONAL STOCK MARKETS
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Article410 1977-07-19 7 HONGKONG: The market closed lower on Monday In thin trading with Jardine Matheson meeting particular selling pressure. dealers said. The Hang Seng index dropped 3.33 points to close at 427.98. Jardine fell 30 cents to $14.50, Swire Pacific 15 cents to $6.60, Hongkong Land 10 cents to $6.90 and410 words
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Article, Illustration538 1977-07-19 7 TOKYO: Share prices weakened in quiet trading on Monday on reduced trading selling In export orientated shares due to the sustained strength of the yen. The Dow Jones Average fell 24.13 to close at 5001.02 with volume 150 million shares. The New Index was 376.11 down 1.48. An Initial14 stocks were from Singapore Nomura Merchant Banking - 538 words
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Article395 1977-07-19 7 SYDNEY: The market closed weaker on Monday with minings and Industrials losing ground, dealers said. Some stocks closed off the day's lows, with BHP regaining a four cent loss to close unchanged at 6.04. Among banks the Walaa. the National Bank and the CBC eased but ANZ was one395 words
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Article186 1977-07-19 7 MANILA. The market closed steady on Monday with oil and commercials advancing while mining Issues eased fracUonally. dealers said Turnover rose to 6.07 million pesos from Friday's 5.50 million. Atlas declined two points and Lepanto and Marindwiue one point each, while Philex rose one point against the trend. News186 words
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Article101 1977-07-19 7 JULY 18 Bahts Asia Fibre 186 ♦2 Bangkok Bank 331 unch Bangkok Invest 203 ♦4 Bangkok-Metro-politan Bank Bata SKI? Berll Jucker 328 M2 Charoong Thai Wire 1738 ur»?h Dumex DusltThanl Faber Merlin First Trust mm Indo-Thai Industrial Finance Corp 1215 unch J And J Ho 2408 Jala pra than101 words
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Article134 1977-07-19 7 Reuter WASHINGTON, Moil— Institutional investors, such as pension funds, investment companies and life insurance companies, bought U859.4 billion of common stock and sold $8.8 billion of stock for a net purchase of 1800 million during the first quarter of 1977, the Securities and Exchange Commission reported.Reuter - 134 words
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Article55 1977-07-19 7 Reuter TOKYO, Mon. Japan Synthetic Rubber will make a private placement of 30 million Swiss francs of 5% per cent, six-year convertible bonds with the Swiss Bank Corp on July 28. securities market sources said. They said the bond would be convertible into common stocks at 249Reuter - 55 words
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754 1977-07-19 7 MARIO A. MILETTI - By MARIO A. MILETTI NYT FOR many savers, a good thing Is coming to an end as billions of dollars in highyielding wild card savings certificates begin to mature this month. The so-called wild cards are savings certificates for four yearsNYT - 754 words
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Article482 1977-07-19 7 FT LONDON, Mon. Mr. John L. Harvey, chairman of Exchange Telegraph Company (Holdings), says In his annual statement that he believes progress of the group will be maintained In the current year and reports that the group was ahead of Its targets for the first twoFT - 482 words
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823 1977-07-19 7 NYT NEW YORK, Mon. Labour negotiations In the volatile copper Industry usually turn Into bitter, dragged-out encounters. So hardly anyone was surprised when 45,000 copper workers went on strike at their mines and smelters after contracts expired on June 30. A long strike seemedNYT - 823 words
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Advertisement370 1977-07-19 7 BUSINESS TIMES Airline Directory 110-112 Show Centra, Orchard Road, Singapore 9 (T«l: 377.111) Atf C#yi#vi 302-B, 3rd Floor. Marino Houm C Kanfnn W«m (ihmaam fit (ftl?lsitSi) AW Franco Mr, ICS Mldfcif, Shonton Woy 1 (Tal: *****11) 16th Floor. INC hH<m, Shonton Woy, (Tol: 2205.277) 614, Orannd Floor Ocaon Ryildinf, CoMyor370 words
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COMMODITY REPORTS AND PRICES
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Article368 1977-07-19 8 OPENING quotations in the Singapore rubber market yesterday were marked down 0.50 cent but later recovered on lack of sellers and some short-covering Interest, dealers said. However, towards the morning close prices fell back fractionally on cheaper offerings, they added. The morning session closed quiet368 words
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Article29 1977-07-19 8 Rubber: July 18 Singapore: August 192.75 eta (down 0.50 ct) Malaysia: August 193.75 cts (down 0.50 ct) Tin: 11,560 (unchanged) Official offering: 196 tonnes (up 1 tonne)29 words
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Article327 1977-07-19 8 Noon (per kilo) Close (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. Int. 1 R.S.S. August Int. 1 R.S.S. September Int. 2 R.S.S. UK/Cont Int 3 R.S.S. UK/Cont Int 4 R.S.S. UK/Cont. Int 5R.S S UK/Cont. 191.75 193.50 195.00 191.25 190.25 187 50 180.50 183.50327 words
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Article95 1977-07-19 8 R.A.S. Auauat Sep) f DUbfT (Cum mt Mth) (Forward Mth) Buyer* Seller* Bayer* Seller* (ceati i per kg) (cent! 3 I SSR20 (1-ton Pallet) 102.00 103.OON 103.00 104.OON SSR50 (1-ton Pallet) 180.00 10O.OON 100.00 101 OON M.R.E.L.B. SMR5CV (1-ton Pallet) 214.00 218.00N 214 00 218.OON SMR5L (1-ton95 words
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Article207 1977-07-19 8 LONDON, Mon. Terminal cocoa rose to new all time highs In early trading with spot July changing hands In light volume at £3,410 per tonne. Gains from Friday at the first call ranged mostly from £37 (si)ot July at £3,412.50) to £2.50 but dealers said the advance took place207 words
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Article311 1977-07-19 8 SLIGHTLY steadier conditions ruled at the Singapore produce market yesterday. However, deals contracted were still minimal and restricted to local consumer's account. Coffee bean prices ruled from steady to firm In line with the strength In the overnight London terminal market. Reports reaching here that some of the311 words
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Article158 1977-07-19 8 LONDON, Mon. Futures ended the opening call easier on news Colombia had lowered the amount coffee exporters must deposit with the central bank to 8361 from 376.50 from July 16. Opening losses compared to Friday's close were mostly £60 to £90 with spot July and exception gaining around £40.158 words
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Article284 1977-07-19 8 HONGKONG, Mon. The cotton futures market closed mixed In fairly quiet trading, In anticipation of little movement In the New York market In the next few days, dealers said. Nearby October and December gained 0.04 US cents each, while other months fell 0.50 to 0.58 cents. May was284 words
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Article193 1977-07-19 8 BANGKOK, Mon. Indicative prices quoted here were: White Rice: 100 per cent Ist class 302 100 per cent 2nd 287 100 per cent 9rd 283 5 per cent 274 10 per cent 290 19 per cent 247 20 per cent 244 29 per cent 239 39 per cent unq193 words
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Article121 1977-07-19 8 LONDON, Mon. Futures opened £0.75 higher to £0.25 lower compared with Friday afternoon levels In sales of 670 lots. Dealers said the market initially displayed a steady trend on trade buying and some shortcoverlng. This was possibly prompted by this week's ISO London meeting to discuss the world sugar121 words
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Article60 1977-07-19 8 LONDON, Mon. Zinc In the morning softened mostly bv £1.75. The metal followed the general trend with early short covering quickly offset by hedge selling following the drifting tendency in other base metals, dealers said. Three Months traded from £332 In the premarket down to £327.50 in early ring60 words
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Article51 1977-07-19 8 LONDON, Mon. Lead In the morning eased mostly by £2.50. Prices were steady at the outset of pre-market trading where Three Months changed hands at £340 per tonne. However, Sroflt-taklng clipped values i the ring with down to £336.50 paid before short covering cushioned the fall. Bales were 1,57551 words
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Article213 1977-07-19 8 GOLD opened In the Singapore gold market at the Saturday level, with the kilobar opening at 8*11,400 In quiet trading. However, prices turned firmer In the afternoon and the kilobar closed at Its high of the day at 5511,498. In the loco London market, the metal opened at U8*143.80/85213 words
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Article169 1977-07-19 8 THE Straits tin price in Penang yesterday was unchanged at $1,500 on an official offering up 1 tonne to 196 tonnes. The market was awaiting the reaction of the London market to the revised floor and celling prices, dealers said. Some buying support was noted from US,169 words
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Article80 1977-07-19 8 LONDON, Mon. Silver finished the morning with losses of 0.8 to 1.3 pence per troy ounce. Dealers said prices were well-maintained at the outset of the pre-market aided by gains In New York on Friday. However, following the lower gold fix values drifted under profit-taking, with the trend in80 words
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Article88 1977-07-19 8 LONDON, Mon. Copper wlrebars finished the morning with losses of £5.50 for cash and £5.00 for Three Months. Dealers said prices were steady on the early premarket reflecting the closing tone at New York and a modest decline In warehouse stocks last week. Three Months traded on the pre-market88 words
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Article398 1977-07-19 8 WASHINGTON, Mon. Soybean prices this summer are expected to remain below the high spring level of around USSIO.OO (8124.6) per bushel, the US Agriculture Department In a summary of Its fats and oils situation report, scheduled for publication July 25, It said current prices reflect398 words
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Article740 1977-07-19 8 NYT CHICAGO, Mon. Less than a week after the Agriculture Department Issued Its prediction of the biggest corn harvest In history 8.3 billion bushels, 2 per cent bigger than last year's record harvest expert observers are casting sceptical eyes on the dimension of that forecast. SomeNYT - 740 words
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Article95 1977-07-19 8 AFP KUALA LUMPUR, Mon. Palm oil production in Malaysia dropped to 140,376 tonnes in April from 147,220 tonnes in March. However, the figure was above the 107,609 tonnes in April 1976, according to official statistics published here today. Production fbr the first four months ofAFP - 95 words
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175 1977-07-19 8 Reuter WASHINGTON, Mon. The US Agriculture Department said despite prospects of good demand for rice in the 1977/78 season ending stocks are expected to continue at a high level. In Its latest supply and demand report, It estimated rice stocks on Aug 1,1971Reuter - 175 words
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Article84 1977-07-19 8 Reuter BANGKOK, Mon. Thailand Is expected to produce 270,000 tonnes of kenaf this year, 20,000 tonnes more than estimated In an earlier survey, and compared with 250,000 tonnes last year, according to the latest Agricultural Promotion Department survey. Department sources said 21,000 ha of land were plantedReuter - 84 words
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MONEY AND EXCHANGES
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Article490 1977-07-19 8 THE US dollar weakened yesterday In the Singapore foreign exchange market again. Opening at the yen 265.50 level, the dollar dropped by early afternoon to 264.10 following news that Japan enjoyed another healthy trade surplus In June. Although activity In the local market did not take on the proportions490 words
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Article57 1977-07-19 8 AfRr «v. First Chicago «H ilnxm R*nk Citibank «v, Bangkok Bask 7 HSBC Bank of Ajaarica Indoaues IH Bank af Ckiaa T Malaya a l> l l i.. IH Bask of Takya iH Mitaua Bank *v. Bask Nafara liwtaania OCBC T OUB «V. Chartered Bank UCB 757 words
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Article156 1977-07-19 8 Asian rates ASIAN currency deposit interbank rates u at cloae on July It US Dalian (Spat) 7d*yi 1 mth 2 othi S mtlu mtlu mttu 12 mtha S 1/16 9 VI 9 1/4 3 7/1 9 1/4 SKI! Sw. fn. (MMitel 9 7/19 9 1/1 9 S/9 9 3/4 9156 words
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Article42 1977-07-19 8 RANGE of prices offered by discount house* on July IS Overnight 2 to 3* Call deposit J* gk, 3-llonUi Treasury 3 I* 3-lion tli Banks Mils 4* 4 3-Month CD 4* 4% A-Month CD 4% 4* Source: National Discount Co. Ltd.42 words
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Article118 1977-07-19 8 Euro rates LONDON, Mon. Trading In Eurodollar deposits was very quiet at the outset, dealers said. Time deposit rates opened little changed around Friday's closings. Light rollover and Far Eastern business was reported. One Month was around 5/16 point lower at 5 5/8 5 1/2 reflecting loss of the Friday118 words
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Article257 1977-07-19 8 LONDON, Mon. The dollar eased against major European currencies and the yen in moderately busy opening trading, dealers said. The dollar initially fell to 2.2765/75 marks but later rallied to 2.2780/90 comSa red with Friday's .2830/40 close. The Swiss franc, partially helped by Swiss National Bank estimates of an257 words
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Article151 1977-07-19 8 TOKYO, Mon. The yen strengthened following news Japan had a customs clearance trade surplus of $837.5 million In June compared with a May deficit of 75 million, dealers said. No central bank Intervention was detected. The dollar for overnight delivery closed at 264.45 yen compared with a 265.60 opening151 words
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Article122 1977-07-19 8 HONGKONG, Mon. The US dollar weakened In moderate trading to close at the day's low of 264.20/30 yen compared with Its Friday New York midpoint close of 265.39, after opening at 265.40/50, due to the rise In Japan's June trade surplus, dealers said. The US unit also fell against122 words
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Article52 1977-07-19 8 AUSTRALIA/NZ exchanges on July 18 Australia' Sterttnc 0.0887/ 0.04*1 OBdoHar 1 1242/ 1.11*4 Ninety-da; air mail buying rata*: Sterling 0 8743 U» down 1.1407 Ninety-day forward buying rates: Sterling 0 0870 08 dolkrs I.IISI New Zealand: Sterling 0.0000/ 0.9024 OS doiWr 0.9772/0.0072 Ninety-day forward rate Sterling 0 907S 0852 words
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Article33 1977-07-19 8 FRANKFURT exchanges opening quotes on July 18 Can 2.1000/19 OK 3.014/ 024 Neth 03 20/30 Swtts M.92/02 Italy 2.900/ 900 Prance 40.00/00 Norw 43.38/42 Belg com 0.000/410 Belt fin 0.30/30 0.0012/ 02233 words
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Article345 1977-07-19 8 LONDON, Mon. Straight Eurobonds traded little changed In continuing quiet conditions, dealers said. Some operators said US issues were quiet and up to 1/8 easier where changed following the weakness of the dollar this morning, while others reported moderately active two way trading. Convertibles were steady to a345 words
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Page 8 Advertisements
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Advertisement196 1977-07-19 8 T< MONTHLY ECONOMIC REPORTS With monthly politicol supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is196 words
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TRANSPORT AND COMMUNICATIONS
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451 1977-07-19 9 FT LONDON, Mon. The Conoco oil exploration group has ordered a £40 million (SSI7O million) production platform for its Murchison Field the first big contract for a new U.K. oil field for more than two years. The order for the 21,000tonne steel structure hasFT - 451 words
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Article259 1977-07-19 9 AIR New Zealand will flv five "day trips" from Auckland to the Antarctic on a weekly basis from Oct 18. The flights will operate on Tuesdays until Nov 15 at a fare from Auckland of about *****. Announcing this in New Zealand, the airline's director259 words
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819 1977-07-19 9 NYT NEW YORK, Mon. New laboratory findings Indicate that no existing aircraft presents an imminent threat to the atmosphere's protective ozone layer, according to the head of the Federal Aviation Administration's high ali tltude pollution staff. However, the findings, if substantiated, indicate that flourocarbonsNYT - 819 words
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153 1977-07-19 9 AP PHILADELPHIA, Mon. A retired Penn State professor and two colleagues have patented an electronic fuelsaving device they say Increases mileage per gallon by about 12 per cent and Is adaptable to all car engines. The optlmlser, as the book-size computer is called, canAP - 153 words
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Article284 1977-07-19 9 THE rig-building slump has bottomed out, Mr. G.M. Morris, managing director o f Marathon LeTourneau, said, and the market In South-east Asia should start showing fairly substantial signs of improvement by the middle of next year. "If you liken the market CO a bear, you can say that284 words
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Article, Illustration377 1977-07-19 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Asian Arrow (3EBW) (0530 after Korean Prince) (Subject free Board) 29/30 Bencruachan (1200 after England Maru) (D/L 33/34 Brlstorl Maru (JKJO) (0600 after Straat Fremantle) 8/9 Denpasar II (after Ragna Bakke) 1/2 Dong II (0800 46 Hiroshima Maru (JICE) (Tanker) (after Rio Grande377 words
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Article164 1977-07-19 9 LORD Steamship Co. S.A. inaugurated regular liner services between Taiwan and Straits ports In 1972. It provides four sailings a month, eastbound. and westbound, In what It calls a "Taiwan/ Straits/ Taiwan Express Service". Singapore agents: Ocean Maritime. Trade served: Taiwan/ Straits/ Taiwan.Ports of call: Eastbound Singapore. Port164 words
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Article57 1977-07-19 9 BRISBANE, Mon. An Australian Inventor has developed a simple chemical process of preparing used motor car tyres for recycling. Tyres soaked In a bath of liquid for about five hours become so soft that the outer rubber casing can eislly be torn into snreds by a child and57 words
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Article34 1977-07-19 9 MANILA, lion. The World Bank has granted a US$6.l million (8915 million) loan to the Philippine Government for Its Integrated port programme this year, a spokesman for the Philippine Port Authority said.34 words
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333 1977-07-19 9 FT TEL AVIV Mon. El Al Israel airlines turned Its 1975-78 loss of US$l.2 million (Ss3 million) Into a net profit of $280,000 in 1978-77 during what the chairman called, one of the best years In the company's history. FollowingFT - 333 words
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Article569 1977-07-19 9 ARRIVALS o®mcc Operator Number Loci Tla J .W o From CAL CI331 0040 TPE/HKO/KUL TMA TL303B 0600 BEY/DXB/ BOM/KUL MAS MH682 0810 KCH CAL CI806 1000 HLP QIA OA WO 1030 HLP SIA SQ211 1045 HLP OIA OA944 1055 PKU QIA OA908 1100 MES RBA BI32S 1155569 words
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Article172 1977-07-19 9 AFP HONGKONG, Mon. The Civil Aviation Department is angry with the poor rating Time magazine has given to Hongkong's Kai Tak Airport in its latest issue. A spokesman for the department said today that the airport, one of the busiest in the Far East, had beenAFP - 172 words
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Page 9 Advertisements
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Advertisement23 1977-07-19 9 RENTOKIL guards your property against TERMITES, COCKROACHES, RODENTS, ANTS, MOSQUITOES OTHER PESTS for INSPECTION, ADVICE/TREATMENT, Tel- *****5 RENTOKIL A. vrZvtlVU SINGAPORE PTE. LTD.23 words
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Advertisement483 1977-07-19 9 MAUfrSIAN BUSINESS. the monthly economic k business Journal, offers you in its JULY 1977 issue: 21 YEARS AFTER FELDA 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, another483 words
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Article, Illustration1402 1977-07-19 10 V.K. CHIN - By V.K. CHIN THE QUEST for a better price for tin Is only mm of the many aspects of the Industry's struggle to make both ends meet. And the struggle will continue until both consumers and producers arrive at satisfactory solutions.1,402 words
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Article1162 1977-07-19 10 PAUL LEWIS - By PAUL LEWIS NYT STOCKHOLM: The message from a meeting of the Organisation of Petroleum Exporting Countries last week was that the world may get off without an oil Srlce Increase next year, ut the news barely merits a cheer. The oil producers are notNYT - 1,162 words
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Article1005 1977-07-19 10 ALAN SPENCE - THE ISLAMIC COUNCIL OF EUROPE God has been generous to the Islamic world, as several delegates to the Islamic Council of Europe conference remarked. He was particularly bountifal in granting it more than 60 per cent of the world's known reserves of crude oil, they said.FT - 1,005 words
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Article, Illustration928 1977-07-19 10 DAVID LASCELLES - COMECON'S WARSAW SUMMIT The East European countries are sufficiently concerned about supplies of energy, raw materials and (bod to be making concerted plans to share them up to the end of this century. But in a bad year, the West will still have to supply themFT - 928 words
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Page 10 Advertisements
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Advertisement40 1977-07-19 10 I ML 'r-m l I E 3 m t E 3 3 a S f* as iff! O m m i -I MALAYA UPSIDE DOWN No. 1 N«w tndaa 170 Jaian Sutigai Road, tiwppw 19 i. Kuala Lumpur 07-01, Malaysia40 words
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513 1977-07-19 11 KUALA LUMPUR, Mon. Communications Minister, Tan Sri V. Manlckavasagam, told the Dewan Rakyat today that the government was looking into the posslbllty of allowing private sector participation in operating domestic air services. The move would bring about a better service, he said in reply to513 words
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Article393 1977-07-19 11 THE head of Philips In Singapore yesterday said the training plant which It operates with the government, the Philips-Govern-ment Training Centre, is probably the best In his worldwide organisation. Mr. B.M. Lap, who Is chairman and managing director of Philips Singapore, said In an interview with Business393 words
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Article66 1977-07-19 11 PROFESSOR Lawrence Krause will be giving a public lecture on "How to adjust to continuing oil producers' surpluses and the need for transfers to non-oil producing LDCs (less developed countries)" on Thursday at spm at the University of Singapore. The lecture is sponsored by66 words
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Article, Illustration362 1977-07-19 11 KUALA LUMPUR, Mon. Malaysia today called for the formulation of new approaches to help stabilise commodity prices. Deputy Primary Industries Minister, Mr. Lew Sip Hon, said the existing Institutions and systems were designed mainly to serve the needs of the rich nations.362 words
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Article101 1977-07-19 11 THE SINGAPORE Training and Development Association (Stada) will be conducting an Instructional technology workshop from Aug 1 to 5 at the Equatorial The objective of the workshop Is to provide participants with a systematic approach to training in determining training needs, setting training strategies ana validating101 words
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Article27 1977-07-19 11 AFP RIYADH, Mon. Bangladesh President Ziaur Rahman will visit Saudi Arabia for three days from Aug 10, the Saudi News Agency, SPA, reported yesterday. AFPAFP - 27 words
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243 1977-07-19 11 Reuter MANILA, Mon. Officials from Asean will hold twoday meetings here next week to review the progress of its Industrial clubs and preferential trading arrangements, It was announced today. Asean officials said that an Industrial complementation group will meet here next Monday toReuter - 243 words
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Page 11 Advertisements
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Advertisement52 1977-07-19 11 CORPORATE ANNOUNCEMENTS CARRY MORE WEIGHT IN BUSINESS TIMES UNTO n9r »wr wZ.>— V v 99 m Q T. SOUTH iDtrai nDumnt \> a «L Wftt 4* r #v^V*3W W A\\\ !< Because Business Times is reed by the top people in business the decision makers, who look for up-to-date company52 words
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228 1977-07-19 12 SingaporeThai officials talk on bilateral pact SINGAPORE trade officials an expected to meet their counterparts from Thailand and the Philippines later this week in coat in i ling talks to implement the two bilateral trade agreements which Singapore has signed with theoe two countries. The meetings, which will he held228 words
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178 1977-07-19 12 A SEMINAR to help Chinese-educated industrialists better to understand the various aids available to small industries will be held on July 29 at the Shangri-la Hotel. This will be the first Chinese seminar Jointly organised by the Singapore Manufacturers' Association, the Trade Department and178 words
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Article73 1977-07-19 12 THE -ballast, commonly known as "choke," for tubular fluorescent lamps has been gazetted as a prescribed article under the Electrlcty Regulations, and as such, all ballasts offered for sale or hire are now required to be certified and approved by the Public Utilities Board. An approved ballast should73 words
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Article, Illustration592 1977-07-19 12 NEW ZEALAND will not Introduce any new barriers to Asean exports but Intends to continue with promoting two-way trade between Asean and Itself. This was stated here yesterday by the New Zealand High Commissioner, Mr. Q.C. Hensley. He was speaking at a592 words
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360 1977-07-19 12 Reuter UPI MANILA, Mon. United States Assistant Secretary of State for Far East Affairs, Mr. Richard Holbrooke, is expected here In September for talks with Philippine officials on economic relations with Asean, diplomatic sources said here today. The meeting Is part of aReuter; UPI - 360 words
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Article183 1977-07-19 12 AFP MANILA, Mon. An oilsearch consortium of American and Filipino companies yesterday encountered an "oil flow" In an offshore area north-west of Palawan Island in Central Philippines, the Energy Development Board confirmed today. The board said further drill stem terfts were being conducted to determine the quantityAFP - 183 words
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Article93 1977-07-19 12 PROMET Shipyard in Sungei Pandan has won 518.5 million worth of contracts for several vessels and for engineering activities overseas. A $7 million contract is fpr the installation of a syphon pipe in Indonesia, and another $5 million contract is for the construction of two 40-metre93 words
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Article659 1977-07-19 12 LONDON. Mon. —.The stock market closed lover with government bonds leading the way showing net falls ranging to 1* points. Fears about inflation and uncertainty surrounding the outcome of the economic debate In Parliament on Wednesday were the main factors affecting sentiment, dealers said. At 3.00 pm the659 words
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Article155 1977-07-19 12 KUALA LUMPUR, Mon. The Insurance Department Is intensifying its action against Insurance agents misappropriating premiums and companies responsible for unethical practices. The director-general of insurance, Mr. Bhupinder Singh, said he would ask insurance companies to take legal action against such agents during his Inspection of 64 companies155 words
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161 1977-07-19 12 AFP DACCA, Mon. Japanese Foreign Minister Ilchlro Hatoyama today called for a close relationship among Asian countries for peace and stability in the region. The Japanese Foreign Minister who arrived here this evening for a two day visit on the first leg of hisAFP - 161 words
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154 1977-07-19 12 Reuter TOKYO, Mon. Japanese sugar refiners and Queensland growers have resumed talks here on their controversial long-term contract despite rejection by the refiners of a so-called final offer, Industry sources said here today. Resumption of the talks coincides with reports from Canberra that Australian PrimeReuter - 154 words
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Article124 1977-07-19 12 Reuter HONGKONG, Mon. Wardley Ltd, the merchant banking arm of the Hongkong and Shanghai Bank group, said It began offering today Hongkong dollar certificates of deposit (CD). It plans to Issue CD In denominations of 9100,000, $250,000, $500,000, and $1 million, with maturities of threeReuter - 124 words
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279 1977-07-19 12 A MALAYSIAN motor Ann, Tan Chonx and Sons Motor Sdn Bhd, is seeking is the High Court to rescind a contract made in 1962 to purchase a shophouse in Rochore Bond for $246,400. The firm while in active business here contracted with279 words
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Article45 1977-07-19 12 TOKYO, Mon. Sir Charles Court, Premier of Western Australia, who is visiting Japan to urge more Japanese Investment in his state, met with the Minister of International Trade and Industry, Mr. Tatsuo Tanaka today. Details of the talk were not disclosed Immediately.45 words
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618 1977-07-19 12 Reuter MANILA, Mon. Japan Is anxlovis that any cooperation or assistance It gives to Asean should not upaet Its relations with Indochina, especially Vietnam, the Japanese ambassador to the Philippines, Mr. Klyohlsha Mikanagl, said here today. Addressing the Foreign Correspondents' Association of theReuter - 618 words
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Article267 1977-07-19 12 Reuter SYDNEY, Mon. Japanese ambassador Yoshlo Okawara warned here today that if protectionism Increased in the US and the European Common Market, there could be a backlash against Australian raw material supplies like coal and iron ore to Japan. Mr. Okawara said Japanese exports were alreadyReuter - 267 words
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Article132 1977-07-19 12 GREATER diversification of trade relations between Rumania and Singapore are expected in future following current talks between Singapore trade authorities and businessmen and a trade mls«,r>n from Rumania. This point was emphasised by Mr. Marin Traistaru, Rumania's JMputy Minister of Foreign Trade, when he met the132 words
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384 1977-07-19 12 LTCB EuroAsian bond attracts US$120m THE US$4O million (3*98.4 million) Euro-Asian bond floated by the Long Term Credit Bank has been oversubscribed three times. Revealing this yesterday, a spokesman of LTCB said the issue price of the bond Is pegged at par. The five-year bond, In the form of a384 words
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Page 12 Advertisements
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Advertisement0 1977-07-19 12 -_,%=(^;";)*{'"_+>;<]_&^=(/>"[\0 words
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Advertisement190 1977-07-19 12 SEE PAGE 11 Give us a man for a monthwe'll 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 degree190 words
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